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134?
JUN 4
Otliv.
op M't
MONDAY
</
tf/f
Chronicle
Reg. U. S. Pat. Office
Number 4391
161
Volume
New
General
RAILROAD
PUBLIC UTILITY
■
23
May
on
INDUSTRIAL
-
Kansas
authorized the company to issue not exceeding
$80,300 of 4 Va '/(
cumulative preferred stock (par $1C0) and $90,000
first mortgage 314% bonds; the stock and bonds to be sold at 98 and
accrued dividends and interest, respectively, and the proceeds applied
to the
redemption of outstanding preferred stock and the purchase
and redemption of outstanding bonds.
The report of the Commission states in part;
The
preferred stock and bonds have been sold to Kirchofer &
Arnold, of Raleigh, N. C„ the former at 98 and accrued dividends
and the latter at 98 and accrued interest as of the date of delivery.
The average annual cost to
the applicant of the proceeds from the
bonds will be approximately 3.42%.
By the proposed refinancing the applicant will effect a reduction of
$1,081.25 annually in dividends on the preferred stock and $1,125 in
interest on its bonds outstanding as of the present time.
This reduc¬
tion in interest does not take into consideration, however, the reduction
of the amount of bonds to be outstanding through serial payments, or
the
retirement of any
of the proposed bonds through the sinkingICC
Price 60 Cents
City, St. Louis &
Joliet & Chicago railroads.
President Tigrett
"in
are
Chicago,
Louisiana
River
Missouri
&
the
G.
M.
plan
&
for
said
O.
his
that
Final
ICC
hearings
will
will
consider
bonds for
be
held
of
the
when
authorizing
Washington
the Gulf, Mobile
acquiring the Alton.—V.
161,
p.
on
to
June
13
issue the
This
called
been
have
necessary
Issue
(Stocks)
Stock
(Bonds)
2464
New York
Curb Exchange...
2468
Baltimore
Stock
2473
Stock
Boston
Corp.—Announces Post-War Plans—
Exchange
Exchange
2474
2474
Cleveland Stock Exchange
division,
its
at
Akron Canton &
Los Angeles
Pittsburgh
Net
ry.
Gross
1943
1942
Montreal
150,703
117,506
217,545
98,019
G3.808
55,653
123,895
58,135
;
1,708,402
1,511,805
1.474,902
1,048,381
raiiway_^__.
646,727
538,193
6GG.860
364,610
275,059
278,275
368,586
204.601
income___
railway
income
oper.
161,
Section.—2478
_.__._2478
2479
Over-the-Counter Markets
2480
Transactions New York Stock Exchange—2463
Transactions New York Curb Exchange—2463
1—
from
ry.
Stock Exchange.
Montreal
$274,734
Jan.
from
Net
Net
—V.
Toronto Stock Exchange—Curb
$418,372
oper.
From
Exchange
Exchange
Stock
1944
railway
Stock
Louis Stock Exchange.....
St.
$362,500
railway
..2475
.2476
2476
._._..2476
2477
Stock Exchange
Philadelphia Stock Exchange
$404,986
1945
from
Net
2475
2475
Detroit Stock Exchange.
Youngstown RR.—Earnings—
April—
from
Curb
Southern
April—
Gross
Net
Net
from
ry.
railway
oper.
Miscellaneous Features
700,247
$1,882,433
1,012,247
$1,900,207
Net
from
Net
ry.
820,118
Investment News.2437
State and City Bond Offerings and Sales...2493
Municipal Financing in April.......
2499
Redemption Calls and Sinking Fund
General Corporation and
755.836
155,134
192,251
201,432
177,590
7.378,547
,140,878
3,074,285
3,120,477
7,327,438
3,603.383
,209,530
680,582
709,032
874,805
684,841
..
—V,
railway
railway.A—-
oper.
161,
income
Course of
The
Bank Clearings
Dividends Declared
All American
Beverly
named
E.
Aviation, Inc.—New DirectorPresident
Howard,
director.—V.
a
161,
p.
of
Hawthorne
the
^482
...—2481
__2482
Notices
1873.
p.
and Payable
Exchange Rates..
Combined Condition Statement of Federal
Foreign
has
Corp.
been
201.
Reserve
2482
Member Banks of
Federal Reserve System
2482
Federal Reserve March Business Indexes...2492
Allegheny Ludlum Steel Co.—New Director—
H.
V.
Commercial
Vice-President and Assistant
division of General Electric Co.,
succeeding Ralph J. Cordiner, who has
because of the pressure of his duties as Vice-President and
to the President of the General Eiectric Co.—V. 161, p. 1989.
elected
Erben,
the
apparatus
director,
a
at
000
105',/
if
the
April—
1, 1945, of the company's outstanding $175,000,debentures, due Oct. 1, 1961.
Mr. Gifford said that
General
has been
resigned
are issued, the company plans to offer
through competitive bidding.—V. 161, p. 2214.
sale
American Water Works & Electric Co., Inc.—Outputpower
ending
V.
161,
26,
totaled
1945,
output
ol
83,132,800
86,548,000
kwh.
Y. Dist. for March._2492
Engineering Construction in April.—2492
2326.
p.
Quarter End. Mar. 31—
profit
Operating
Other
Income
income
ry.
$3,429,424
1,243,704
income
Fromw$%l—
Cross rfw railway
Net
from
Net ry.
$2,903,734
612,053
$2,991,560
1,173,534
1944
1943
1942
$17,142,0l'l $17,352,315 $20,169,400 $28,535,62!)
204,591
272.272
294,175
220,486
inc.
obsqlesc.,
for
7,214,000
8.150,000
12,624,' 555
3,121,166
2,785.176
3,181,725
3,530,920
2,462.500
47,780
46,491
78,819
$7,577,631
$0.87
$9,085,359
$1.05
$9,960,516
$1.15
98 795
tax
etc.
contlng,—
interest
Net
profit
tEarnings per
"Includes
share.$0.85
depletion
of coal
posits. ton 8,674,338 shares
Note—The
of
ter
This
177,881
244,466
the
$50)
included
nt»t
Railway....
.'
oper." income...
B. & O. Surrenders Major
12,042,698
5,022,058
1,969,220
8,363,740
2.285,677
1,024.944
Claims Against Road—
The Baltimore & Ohio RR. on June 25 surrendered major claims
8gainst the Alton in favor of the Gulf, Mobile & Ohio RR. at Interstate
Commerce
Commission
hearings on
the proposed reorganization of
''Net
The
Gulf,
Mobile
which
wiped out.
Through
ever,
that
all
counsel,
would
Clav. the B. & O, stipulated, how¬
surrender its stock in the Alton's leased lines,
Cassius M.
not
1942
*$22,236
t$14,462
A.
Peter
C.
of
Herman
the
late
Buehrman
account
and
of
the
board
directors,
of
held
on
incumbent officers were leelccted, and in addition E. O.
to the
President, was elected a Vice-President;
E. Moran. Secretary of the Chile Copper Co. and Assistant Secretary
the Anaconda company, was elected Secretary, and James E. Woodthe
Assistant
President of the Metals Bank & Trust Co.
160,
p.
Co.—Earnings—
1945
*$273,062
profit
of Butte, Mont., was
2394.
1944
*$325,291
1943
*$280,928
1942
$548,235
per
provision ol an allowance for renegotiation.—V.
has
Fresident, Etc.—
been elected President, to succeed Charles
Chairman of the Board.
Secretary, has been
M. Howell.—V. 161, p.
Jaeger,
Thomas
income
share.—.
$0.65
$0.77
$0.67
$1.30
"After charges and provision for Federal income and excess profits
taxes
and
contingencies,
ton the 421,981 shares of capital stock.
*No allowance made for renegotiation.
The 1943 earnings were after
all charges, including
includes interest), tAfter
who has become
Small
consolidated
160, p. 2394,
for
American Ice Co.—New
C.
the March quar¬
subsidiaries amounted to $119,573.
the
in
meeting
organization
an
24.
Sowerwine
Arbor RR.-
Ann
elected a director to succeed
1990.
-Earnings1945
1944
1943
1942
railway—..
$529,676
$489,647
$562,872
$434,727
railway.—_
137,362
111,590
216,111
108,475
April—
Gross
from
Net
fron
Net
the
plan of merger with the Alton
held by the B. & O. would be
1943
*$11,579
depreciation (and in
1943
and 1942 also
estimated Federal and
Stat" income and excess profits taxes of $11*830.
tLoss, §This figuie
represents a profit of $23,749 on the sale of the Perth Amboy prop¬
erty, less an operating loss of $6,448.—V. 161, p. 1418.
allowance
' '>•••"■"
its
it
advanced a
capital stock
has
Alton
1945
—§$17,301
profit
"After
Alton.
under
Encaustic Tiling Co., Inc.—Earnings
Ended Mar. 31—
de¬
Changes in Personnel—
At
May
ard,
American
phosphate
slock.
with $127,553 excluded in the first quarter of preceding year.
compares
elected Treasurer.—V,
Quarters
-:v
12,024.864
3,811,103
1,534,436
12,724,692
4,386,286
1,865,872
..
1
lands and
common
the undistributed earnings for
equity in
is
timber
mines,
(par
principal unconsolidated
amount
tEarnings
192,270
■
$20,463,575 $28,756,106
$17,624,587
............
.
6.635,000
33,057
..
$17,340,672
$7,357,449
foreign
Minority
"Net
$2,239,838
527.922
530,200
railway....
.oner,
(& Subs.)—Earnings—
1945
discount,.
and
&
Civil
1942
1943
1944
lor
Anaconda Copper Mining Co.
Dept. Store Sales in N.
Assistant
for the week
kwli., an increase of 4.11%
corresponding week of 1944.—
output of the electric properties of this company
May
the
over
Quarter Ended Mar. 31—
1945
,
Net from
.railway
Net
an¬
proposed new debentures
them for
RR.—Earnings—
Gross from
the
annually,
Oct.
on
25-year 3'/«%
Anacoiula Wire & Cable
Alton
$15,000,000
debentures, the proceeds of which would be used for the redemp¬
tion
——2482
Banks
Condition Statement of
Manager of
of
S. Gifford, President, announced May 28 that the company
preparing a registration statement for filing with the Securities
Exchange Commission covering a possible issue of $175,000,000 of
and
Prov.
$1 ,559,257
7,689,854
income
rate
Walter
was
"Deprec..
1942
1943
1944
$1,848,050
railway_____.
from
the
161. p. 305.
petitive Bidding—
Total
From Jan. 1—
Grcss
at
arc
added.—V,
2463
Stock and Bond Averages
RR.—Earnings-
1945
from
Concern
on
American Telephone and Telegraph Co.—Proposed Fi¬
nancing—To Sell $175,000,000 Debentures Through Com¬
Interest
Great
sales
current
Fed.
Alabama
Canadian
company,
announced
Exchange
1989.
p.
this
was
.
Toronto
Gross
and
2473
Exchange..
Cincinnati Stock Exchange
Vice-President in charge of the corpora¬
premises that this company will be turning
Connersville, Ind., plant within 90-120 days
alter the WPB says "make 'em," yet will do so without retarding the
plant's war production.
\
In
the first
peace-time year of unrestricted production Mr. Baker
added, Admiral expects to make available 300,000 refrigerator units
to the American consumer market.—V. 161, p. 1305.
appliance
refrigerators
by
Ltd.,
2453
New York
next, at 105 and
bonds due Jan. 1, 1957
D. Baker of Chicago,
H.
L.
Co.—Acquires
Canaaa
Works,
as
a
fully-owned subsidiary of American-Marietta Co. and no
changes will be made |n policies or peiscnnol.
The paint factories how operated by American-Marietta total seven
Stock Exchange
Chicago Stock Exchange..
out
into
Paint
nouncement
bonds numbered 40 to 106, inclusive).
Payment will be made
at
the
Virginia Trust Co.,
trustee, 821
East Main Street, Rich¬
mond 14, Va.—V. 161, p. 2105.
tion's
American-Marietta
ated
(being
Admiral
4
through the purchase of
May 28 by Grover M.
Hermann.
President.
The
Ottawa
company,
founded in 1900. has
branches in Montreal and Toronto, broad distribution of its dealer line
throughout the Dominion, and also manufactures production finishes.
Anticipating a substantial increase in sales in Canada during the
.post-war penqd, a program of expansion for the Ottawa company ts
planned, and the manufacturing facilities Will be expanded as soon as
permission can be obtained,
Ottawa Paint Works, Ltd., will be oper¬
Stock and Bond Quotations
redemption on July 1,
for
$80,000 Debs.
for
of <> 15-year
2325.
New York
$67,000 of serial refunding 4y2%
called
redemption on July 1; next, at 101 and
" sinking fund debentures due July
1, 1959.
Payment will be made at the New York Trust Co.. trustee,
100 Broadway, New York, N. Y.—V. 161, p. 1990.
Ottawa
In
been
$80,000
the
company's acquisition
in
Page
There
have
interest,
Expansion
$67,000 of Bonds-
interest, the
American Machine & Metals, Inc.—Calls
and
principal parties
all
Alton,
•
MISCELLANEOUS
-
There
the
with
accord"
of
INSURANCE
-
fund.
Calls
Copy
a
Corporation and Investment News
RR.—Securities Authorized—
Aberdeen & Rockfish
The
York, N. Y., Monday, June 4, 1945
ry.
oper,
70,483
54,711
116,874
34.897
1,977,300
1.935,853
1,670.704
430,291
449,438
1,917,219
545,853
213,806
223,376
287,633
140,383
income...
From Jan. 1—
Gross
from railway
railway...
income...
161, p. 1874.
Net
from
Net
ry.
—V.
oper,
369.987
n
SPECIALIST //V
FLORIDA & NEW JERSEY
§
ELECTRONICS
RAILS
\
v
Banks, Corporations and Individuals have found
us an effective market place
for large or small
§
BLOCKS of SECURITIES
Municipal Blonds
MUNICIPAL
£2
INDUSTRIALS
DEPARTMENT
t
which
Kobbe, Gearhart & Company
are
not
readily marketable.
|
INQUIRIES INVITED
§
J
HILL, THOMPSON & CO., INC.
j
INCORPORATED
c4llen
>
.
30 BROAD
Tele.nhnne-
.
.
&
STREET
HAnovor
Company
Members
45
Established 1923
2-2660
NEW YORK 4,
Bp'/
rWo"""'
N. Y.
N""" .1-6"*
Telephone
REctor 3-3600
New
York Security Dealers
NASSAU STREET,
Association
NEW YORK 5
Philadelphia Telephone
Enterprise 6015
Bell Teletype
New York 1-576
I
i
120 Broadway,
-
New York 5, N. Y.
§
! •
_
J
utti:iiiLuUiUuaiii'JUi;iuv:j,j.iut^u/uiLuujm.:;,.'.Jiu,;nL^:;,jMiit.uti'jr*'uiu^uiui.*ULa'uuudi.iu.dilAl>imoiUUi»ui®.
•"
;,:yy\
Archfr-Daniels-Midland Co. (& Subs.)—Earnings—
9 Mos. End. Mar. 31—
1945
1944
'1943' '
1942 '
$3,103,581 $2,762,797 $2,606,801
$5.69
$5.07
$4.78
all income taxes, including estimated pro¬
$2,367,136
$4.34
profit
♦Net
Earns,
-After
for
vision
share.
com.
per
depreciation and
excess profits taxes.
income and excess profits
Note—Provision for normal
iiost-war refunds) in 1945, $9,000,000
*>4,260,COO in 1942.—-V. 161, p. 875.
'
*
3 Mos. Ended March 31
Operating revenues
Operating expenses
Inderal income taxes-
Federal taxes—
Other
in 1944, $7,160,000 in 1943, and
1945'
—" 29,077
4,436
12,164
—
1943
1944
$151,045
65,879
$172,869
71,931
——
—
24,318
4,260
'
16,845
-
3,800
13,291
$60,502
4.396,852
700,740
524,551
145.680
162,976
2,064,580
673,194
4,021,462
4,360,497
14,892,098
,999.101
341,269
558,531
1,560,658
,948,251
4,362,731
4,919,028
66,099
2,297,714
16,452,756
16,947,352
308,391
9,219,431
658
1 ,871,501
649,553
•.
.Fixed
income'
deductions
59,101
'
2,217,761
charges
against $8,367,955 in the same
as
operating revenues————
Gtbcf income (net)_~- —w-—--
7,419,530
deductions™.
Income
income-
Net
revenues
$2,058,235
$2,064,196
$8,330,528
_—
Operating
expenses
1,527,756
1,490,676
6,097,666
—
payment by him to the corporation of $1,50C cash.
Sept. 15, 1943, Mr. Bendix delivered back to the
414,165
1,520,587
1,553,813
$173,392
$159,355
$712,275
$557,774
'7,600
7,557
30,681
26,453
$166,912
$742,956
$584,227
38,154
48.857
Federal
56,248
considered
profits tax.—V. 160, p. 1859.
Operating
Non-oper.
Bank
City
National
The
Int.
Co.—Registrar Appointed—
York has been appointed sole
4% % cumulative convertible $50
of class A common, without par
B common, without par value.
New
of
registrar for the 50,000 shares of
oar value preferred;
750,000 shares
value,
and 80,000 shares of class
See offering in V. 161, p. 2214
income
Gross
Fixed
Armstrong Rubber
income
income
_—
excess
for
necessary
is
Corp.—Taxes vs. Earnings—
Lold by
to file
:«parate returns on each subsidiary company for tax purposes for
the fiscal year ended on Jan. 31, 1945, rather than on a consolidated
basis as previously. As a result, he said that there were savings in.
taxes of $285,000 and that this had been credited to earned surplus.
Associated Dry Goods
meeting held on May 21, were
that the directors had decided
stockholders at their
Robert J. McKim,
President,
explained that the effect of this change was
net earnings
lor the past fiscal year from $2,825,491,
j-hare
on
the common stock, as previously reported,
to
o.' $3.23 a share on the common stock.—V.
161, p. 2326.
McKim
Mr.
td increase
or $2.76 a
$3,110,491,
•
extended from May 31 to July 31 the time in which
company may complete the sale of its interests ih Missouri General
V/tilities Co. for $1,610,000 to five cooperatives and the city of Rolla,
Itfo.-—V. 161, p. 2214.
has
!!:%!■/!•-!!:i:;-.'vV;!/
Associated Gas & Electric Co.—Weekly Output—
The
trustees of the Associated Gas & Electric Corp. 'report that
the electric output for the Associated Gas & Electric Group for the
week ended May 25, 1945, amounted to 130,527,764 kwh., an increase
of 5,156,677 kwh.,
or 4.1%, over the corresponding week last year.—
V. 161, p.
Associated Telephone &
Telegraph Co.—Earnings—
161,
39,569
30,552
Railway
oper.
Railway
oper.
Railway
$266,121
the
RR.—Earnings—
revs
exps...-—
income
$154,347
$148,921
9r4,463
14,361
Net
Di'48,615
income
Other
$149,884
$163,282
2,685
13.412
(net)
45,700
48|, 114
183,278
income
Net
—V,
$106,598
$117,853
$428,415
$509,458
"Net
profit
"After
1(31,
from
Net
from
Net
ry.
1,149,822
977,871
$1,126,469
$1,036,972
of
$1,304,391
$790,672
$454,029
557,070
805,951
381,734
287.637
—V.
197,030
.121,057
202,642
88.638
4.985,149
3,241,767
2,183,556
2,239,599
3,086,712
1,539,918
1,181,597
494,238
743 117
336,106
834,155
income.
V
1991.
p.
the
of
capital
stock
!__——1——J!
1
Jan.
Surplus,
disct.
surplus
for
Balance
March 31
Balance,
.
—
Capital stock
the
note,
in
naval
stock
preferred
stock ($100. par), $2,898,500; $6 cumu¬
par), $3,608,946; $4 preference cumulative
class A stock (cumulative at $4 and partici¬
employees' benefit fund, $60,000; surplus reserved
eral contingencies, $250,000; capital surplus, $1,603,368; earned
SI,199,314; total, $24,310,056 —V. 160. p. 2290.
York.
for gen¬
for
surplus,
offering
stock,
'*«/
J,
1945—Month—1944
April 30—
oper,
revs
43,343,170
Hallway
oper.
exps
27,327.443
11,179,882
"Railway
accruals.
tax
Other debits
Other
3,
now
and
433,318
—
Net
ry.
$
4.202,527
income-
Month
of
1945,
April,
18,643,860
4,050,194
include
$8,993,000
16,167,463
Federal
income
for the
income
1944.—V. 161,
taxes compared wtth $8,571,170 in 1944 and
months ended April 30. 1945, Include $42,675,000 Federal
profits
excess
taxes
compared
with $40,211,170 in
p.* 1990.
Atlanta
Birmingham
&
413.964
21,003
—1
w
$313,149
income
—•—'
$297,555
.
20,482
Prov.
for
$335,175
Fed.
$318,037
—
5,608
sideration
capital,
2(!0,C00
inc.
<fc
profits
excess
taxes.....
2j4.200
220,000
%
profit
j?!-.
81,940
81.940
$0.28
$0.23
Dec. 31. '44
$528,750
—
share
Comparative
in
United
banks,
Government
States
Accounts
hand and
on
Receivable
>
transit.—
securities———2,186,219
for
the
&
notes
and
of
to
receivable!!..
928
3,946
Inventories
1,567,173
—————
Investments
in
assets——————-——
other
Fixed
assets,
Deferred
less
to
aifil.
cos.——
-
2,023,128
9.750
*
' 8,750
158,352
158,623
'
669.751
184,629
181,285
•*—
—.«>——
—
1
1
$6,902,178
$6,866,721
.......
Total
Coast RR.—Earnings—
,
reserve™.—.™————680,523
charges
Goodwill
advances
and
„
Liabilities—
Net
Net
197,168
135,563
264.006
87,749
income—
16,184
34,147
118.972
29,063
railway
1—
Jan.
ry.
--V.
$545,029
lrom
from
Net
$790,672
oper.
From
Gross
Net
$1,304,391
railway..—
from
ry,
1942
$1,031,191
from
Oross
1943
1944
1945
April—
2,537,281
2,557,549
1,623,881
828.238
533.547
934,852
290,044
225,025
—
income—
oper.
Accounts
119,788
365,992
expenses,
Accrued
Fed.
161, p. 1990.
accrued
Accounts
foi'
Atlanta & West Point RR.-
withheld
Net
Net
Net
railway™
$438,478
$456,998
$429,686
$306,480
Capital
130,743
27,864
174,418
199,275
126.911
Earned
31,989
42,749
1,816.095
1,695,880
1.063,043
railway!,.™.—
697,650
780,463
348,999
income—
119,977
124,828
167,226
p.
surplus
surplus
Total
1—
railway...—
oper.
161.
1942
no
treasury,
Period End. April 30—
declared
14.337
—;—
par
shs.l
14.324
9,823
r...
200.000
5.646
»
209,000
,
—
cancelled
1,757.200
1.757,200
.^i.™!——
Dr209,031
Dr209,081
—
31.
value.—V.
55,332
161,
New
shares
1945—4 Mos.—1944
revenues—— $13,380,002 $14,070,216 $54,258,424 $55,596,316
Operating
expenses™™..
8,936.332
7,681,584
24,718,487
30,061,765
3.150,000
4.500.000
13,600,000
603,700
2,111,145
of
York
31.
1944.
shares
at
cumulative
500,000
shares
of
will
issued
and
as
be
treasury
preferred
common
stock
outstanding
shares.—V.
161,
p.
has
stock,
(par
and
authorized
414%
$10>,
37,625
the
Net
rv. oper. income161, p. 1990.
Baldwin
Frank
K.
$747,563
Locomotive
M<Uzger,
elfective June 30.- V.
series
(par
30.000
$100),
462.375
of
will
issued
be
of
which
and
33,828,792
$5,958,779
50
Works—Resignation—
161, p. 2215.
in
charge
of
sales,
has
resigned,
held
Inc.
on May 29 made public
offering of the unsub¬
portion of 1,000,000 shares of capital stock (oar
cents).
The stock is priced at $2 per share.
The
shares are offered
offered previous
as
a
speculation.
to the
dispose of this
or
between
Oct.
7,
1943. and
total of 259,000 shares of itsf|
a
to
contribution
options
the
to
of
capital
stock
original
this
of
purchasers of the
them the right to
giving
the
(on
basis cf one
the
number
of
shares
authorized
its
of
share
In
18,
the
1945,
the
are
of
L,
the
these
of
The holders of
corporation.
option
holders,
rights to
having
55,900
have
options
before, during and for 30 days jflor
offering of 1,000,000 shares of capital
holders f.aving
rights to acquire an
Option
shares
not
the
oi
signed
stock
from
the
as
of
option
an
the
81 «
at
corporation
agreements.
corporation, under date of May 7, 1945.
an
inducement to him to accept the
Barnes,
shares
shares out of 200,000 shares subject to
by
the
corporation,
have signed and
"stand-off" agreements not to exercise or
present
23
corporation,
50,COO
40
such
of
who
the
by
granted
corporation
of
any
addition,
Claire
offering
63.
for
authorized
period
a
of
granted to
presid'tvn
purchase
to
year
one
stock ot the
paid the corporation.
Mr. Banter
and
unissued
capital
corporation at $1.60 per share to be
has signed and delivered to the
corporation a "stand-off" agreement
not
to exercise or
dispose of this ontiou or any part thereof befou1during or for 30 days after completion of the offering now bc'1!"
made
l.COO.OOO shares
Stonk
of
capital stock.
Option
agreement
Warrants—Pursuant
the
to
of
terms
and drim"basis
1
rate of an opM0n to mirchase
one full share of capital stnr.k at 8"
sha'*e for each five shares of the
underwritten stock purchased bv
!•
underwriter.
Such warrants will be valid for a
period of three
from
the effective
date of the
registration statement and wil] ™
tain Drovis^ns desjoned to
m'otect the holders thereof against din"13'1
stock
option
l he
ol
warrants
capital
stock
covporatior.
the
to
has
agreed
underwriter
issuable
the
right
to
before
3
is
four
4.
June
stockh0'^
its
to
offer'r.g
(EWT).
m.
p.
].2$h,rgo shares p'-es^rt'" (-m-nt
of May 18. 394*. had obtained from
as
sharpy
written
"stand-off"
mentioned
offer.
shades
each
for
to
offer
shares.
161
rata
adan'T'_
at $1.60 1
held
so
purchase.
the
As
192
five
shares
forthwith
at
the
on
heM.
for
the
the
$1.60
so
is
chore,
p°r
offered
to
the
underwriter
who
public
at
the
1
c°rnovation
offering
stated,
will
price
^
_
the
pavable as above
the
stockholders
by
f;
adai|vrtj|,
to
agreed not to a
right to P",r
not
I hem
four
of
proposes
the
of
have
holdevs..of
accent
the
to
basis
above
granting
purchased
outct&nr)ing(, the
the
not
recount
stockholders
rornoration
n~t
be
shares
oublic
those
the
.shares
agreements
Accordinglv,
the
to
offe1*
such
issue
to
pro
capital stock for ea"h five shares
payable in cash in full ot the time of
ration
this
a
the
of
share.
Of
purchase
on
thereunder.
Offering to Stoekholdevs—Corporation
'flf
aii
l),e'9
.,cr
s~
share.
Chairman Elected—
Frederick
has
tv>e
K.
been
member
Farhonr
its
Barbour
end
is
Car
Stockholders
elected
President
of
Heating
of
the
&
the
Linen
United
Fhoe
Lighting
Fidelity-Phenix Fire Insurance
Co.
Co..
of
as
director
a
Inc.,
of
of
New]
Brcton.
Corn, oi
New
York.—V.
Mm
and is
In°-
Co..
Thread
Machinerv
New
of
Chairman
the corporation
committee
executive
director
a
Raretv
Los -i-ecn
with
associated
of
B^semer &
Lake
Erie
April—
win
shaves
delivered
tjH,
York.
161,
P-
shares
and
2106.
scribed
Vice-President
$1,284,932
and
exercise
to
extern
the
of
increase
public
There
v„rk.
listing
Benclix Helicopter Co.—Stock Offered—Bond & Good¬
-V.
(iie
shares
options
of
stock.
He
979.
Exchange
not
signed
aggregate of 144.100
completion
the
2.075,772
Equip, and jt. facil. rents
an
dispose
$6,866,721
55,332
Co.—Listing of Preferred—
Stock
17,500.000
546,107
Dec.
has
the
granted
to
aggregate
May
delivered to
Mr.
Bell & Howell
The
1945—Month—1944
p.
—
shares;
1.341,092
48,000
2,208,113
$6,902,178
...
—
194.5,
1.341,032
2,241,540
!!_
•
———
$48,000
into
so
purchased), by paying therefor, at the rate of
the happening of the following: (1) when, as and if
shall
such
any
options
of
outstanding
a
RR.—Earnings—
Operating
—.
.
—
—
"March
;
1990.
Atlantic Coast Line
of
a^elv
113,455
ry.
Taxes
payroll allotment plan
Outstanding
1,250.000 shs.
share
corporation
acquire
47,692
1,814,440
562,055
Jan.
from
from
—v.
(465.032
railway
oper. income
5,155
bonds.---.™™—__—„!__._
war
in
held
120,164
!—_™
balances™.
77,612
179.771
109.177
contingencies—
"Shares
1943
from
From
Gross
under
$400,000.
stock; and (2i when, as and if the corporation shall make a
public offering of all or any part of such additional shares.
The term
of each'of such options is for a
period of six months lro'.n the llrsi
466,725
126,878
161.069
taxes...——_
withheld—other—.™.;-!™™,;
Capital stock
1944
from
Net ry.
for
i
—
profits
exc.
liabilities.!....
current
1943
April—
Gross
-Earnings-
and
employees
Misc.
&
receivable—credit
Amounts
Reserve
etc
wages,
inc.
$700,000
450,142
payable—trade
Accrued
49.925
$700,000
™
die
capital
shaves
payable—banks and bankers
Taxes
3.065,362
railway
railway
Notes
will
to
if) 15
convertible
back
encourage
stack
upon
underwriting
1,359.029
Total
be
$48,000
is
Barbour
delivered
were
each
Proposed
1,586,854
maturity,
agreement
corporation
shares
2,177,834
-s
———™—
...
accounts
Merchandise
in
$94,980
/-
Sheet
Balance
Assets—
Cash
will
of April 80,
as
Options--Corporation,
which
shave,
per
$284,374
;
:
—
$115,367
Mar. 31, '45
——
Earnings, per
—
——
—
purchase
before,
add'tional
3,057
deductions
and
to
proceeds
delivers
the corporation by Vincent
The proceeds of such sales,
amounting in the aggregate to
$100,000, together with an additional $39,000 realized from one sale
on
Aug. 7. 1944, of 39,000 more shares of such capital stock, repre¬
sented
the initial working capital
of the corporation.
As part con¬
As
22,026
$
hp.
38.945,033 177,345.171 157,922,010
24.010,798 106,641,655 92,829,498
10,650.196
51,373,231 48,526,714
233,845
686,425
398,335
profits
excess
tour
tuid
oper.
the
♦For
in
$732,521
-j
21,422
—-
,
!
Charges
of
sold 20U.000 shares, out of
1944,
aggregate
Total
Other
and
Bendix.
1944
$711,608
377.037
expenses
—
income
Miscellaneous
mid
1945
profit
a dm.
additional
issues
during and for 30 days after completion cf
being made to the public of 1,000.COO shaves of capital
it
does
not
extend
beyond
tne
maturity dale oi
provided
these
,
Dividends
1945—4 Mos.—1944
•
g
<|» •
-
Hallway
1937,
service
2215.
p.
profit
Operating
the
note.
ol
Santa Fe Ry.—Earnings—
Atchison, Topeka &
since
from
dis.
purchase an aggregate of 200.000
such warrants are exercised, .he
■
corporation
Mr.
"stand-off"
a
right of conversion
the
director
a
returning
3 Mos. Ended March 31—
Net
J
160,
and
alter
Belding Hemingway Co.—Earnings—
Gross
pating), $1,368,466; common stock ($1 par), $1,038,308; 25-year 5M*'/>
debentures, series A, due May 1, 1955, $11,006,000; due to subsidiary
companies, $2,096; current liabilities, $277,638; deferred credit, $13,771;
Period End.
founder
Secretary
(no
par), $983,650;
(no
Assistant
reserve.—V,
operating
Selling, gen. &
Depreciation
to
all
the
befcre
or
on
New
corporation
date
first preferred
Liabilities—7%
reserve
the
elected
were
corporation's capital stock at the option of the holder. Frederick
Barbour,
$1
1945
$22,338,093;
able, $77'2; total, $24,310,056.
Mock
been
patents, patent rights, etc., $1;
charges, $601,304; due from subsidiary companies, $268,984;
banks, $1.027 570: special deposits, $73,333; accounts receiv¬
deferred
lative
has
exercised
corporation
50 cents)3,000,000 shs.
(par
purchase
Mfg. Co.—Official Returns—
Joseph C. Belden, Jr., son of the
Sheet, March 31,
Balance
Assets—Investments,
tiash
—
Belden
and
heretofore granted
options
are
the
Capital Securities
share- for
debt
of
Amort,
the
warrants
proceeds, to
capital stock
4,031,939
railway
161,
1942
...
1—
railway-
oper.
of
shares
event
tne
„
June
1943
income
Jan.
158,757
$59,101
all
underwriter
Warrants
-Earnings—
1944
$1,031,191
railway-
from
$233,485
$1,199,314
in
the
railway
oper.
From
outstanding.
1945
151,332
1,085,531
?>2du,oUo.
the
shares
390,223
+On
etc.
Beaumont Sour Lake & Western Ry
$207,166
15,627
taxes,
$0.38
r
$0.39
666.
p.
April—
Gross
all
250,000
K.
$149,934
$153,125
.
Nil
depreciation,
ry.
14,896
*$20,121
(Earnings per shale
fLoss.—V.
that
additional
ue
of
1943
1944
1945
—
shares
otherwise
Authorized
Corp.—Earnings—
Asphalt
3 Months Ended March 31—
800
were
,
the event
In
"Said
Barber
and
shares
"Promissory note due Oct. 11, 1945.™.—
161, p. 2106.
Net
$40,938
—
$44,890,
32,022
of.
193,658
—
of
and
Purpose—The net proceeds, if the entire offering of 1.000,000 shares
the
capital stock, is sold, will net the corporation
approximately
$1,526,080.
.
• '
"•
additional
$152,353
— -
gifts;
of
way
$703,116
$611,693
$165,967
charges..
fixed charges—/-
fixed
33,350
14,896
expense.
11,954
for
available
Income
froth
$49,492
and
$691,162
her
consideration
total
a
by
of
shares
151,333
*
1
and
for
posed
29,515
,
$598,281
2,474
income-
oper.
ry.
$215,720
interest——
sold
delivered
an
Net
^
$661,647
$646,896
(net)...—
oper.
income
shares she received to 57 persons.
Ot these shares, 62
508
delivered to friends and acquaintances of hers and"
250,0C0
father
1945—4 Mos.—1944
$4,767,552 $3,845,161
2,606,2272,106,637
1,514,429
1,076,877
1945—Month— 1944
$1,122,583
$864,714
585,116
496,146
383,120
219,647
30—
accruals—
lax
Railway
Rent
Gross
earnings!---—— — —
Net
$446,925
were
$266,835
$246,735'
$243,272
received from subs.
Operating expenses and taxes
Debenture
$87,384
2327.
P.
1943
1944
1945
Ended March 31—
Interest and divs.
15,483
302,623
Bangor & Aroostook
2326.
3 Months
15,433
280.547
Co.—Extension Granted—
Associated Electric
SEC
3,871
75,657
$106,985
income
Net
—'V.
Total
The
-
3,871
70,137
dcbs...._
A
ser.
Period End. April
The
$180,992
———-
charges
on
'
corporation
shares of the capital stock originally Issued to him, retains
1,COO,000 of such shares.
Out of his remaining shares Mr. Bendix transferred 250,000
shares
to his daughter, Mrs! Ruth B. Robinson, for a nominal
consideration
Beginning Oct. 7, 1943, Mr. Bendix disposed of 206,8C0 shares
ta
friends, close acquaintances and household employees,
numbering 22
mostly by way cf gilts or nominal considerations, totaling $450
" '
In addition thereto, Mr. Benclix, beginning Dec. 24,
1943, granted to
close friends and associates, options entitling them
to purchase
from
him at prices of from $1 to $1.50 per share, 59,500 shares of
capiiai
stock owned by him at periods vaiying from six months to one
year
from the effective date of any public offering which may be
made by
the corporation ot its shares.
Beginning May 31, 1944, Ruth B. Robinson disposed of 75.322
of
$8,161,203
6,049,622
357,087
$38,154
$48,857
$56,248
.———™
— —
provision
Note—No
Operating
—
shares
On
13.599
!
12,303
Commercial
250,000
$51,753
$61,160
Taxes
requirements— — —
fund
Sinking
^
10,912
and
■
1945—4 Mos.—1944
1945—Month—1944
Period End. April 30—
$67,160
__
income—
Gross
York,
inception of the corporation it had an authorized capital mof capital stock (par $1).
By amendment to its certin
incorporation, effective Sept. 3, 1943, the number of shares nf
authorized capital stock was increased to 1,250,000 ( par $1),
On Sept. 3, 1943. the corporation issued and delivered, to Vince.a
Bendix (now deceased) the entire 1,250,000 shares of capital stock
,
consideration of Mr. Bendix assigning to the corporation, for USe
the
United States,
its territories
and possessions, his rights aid
interest in and to certain
inventions, developments and innovate
owned by him relating to rotary wing aircraft, including
helicouter'
together'with the rights to certain patent applications with referent
thereto then in the process of being piepared by patent counsel
ni,,!
Co.—Earnings—
Baltimore Transit
New
of
the
Net
Co
City, N. J.
the
1 000
cate
taxes of
period in 1944.—V. 161,
first four
the
in
"Includes
315,416
8,894,104
2,085,869
2,555,2i5
7,243,236
months of 1945 Federal income
income———
Net
$8,700,207,
p. 2326.
524
income
ry. oper.
income-.
Tiust.
jersey
Manufacturers Trust Co., New York. N. Y
Organization—Corporation was incorporated in Delaware j,,i.
1943, under the name "Helicopters, Inc."
.The name was rhi,!^25'
the present title June 5, 1944.
'
""nged t0
Registrar.
At
Net
Other
$51,229
1,382
-
11,858
$65,778
—
3,924.381
tax
"Railway
Miscell.
•
•
.
$194,674
—83,219
—
accruals
Equipment rents, net—
Jt. facil. rents, net—
opev.
Total
Corp.—Earnings—
Arizona Power
expenses
Railway
89 ,844,291
14 ,777,117
92,436.115
15,356.934
Bankers
Jprsey
125,42Z,921 122 ,141,563
32,481,678
23,036,802
revenues
agents,
Transfer
Transitu-
$
oper.
five shares held at $1.60 per
share
will expire at 3 p.m. on June 4, 1945.
'
stock tor each
These rights
1945—4 Mos.-^1944
,
32,392,478
23,600,215
Railway
(after deduction of
March 31 totaled $7,000,000
ended
months
nine
taxes for the
-1944
1945-J-Month
Period End. Apr. 30—
nf the
Earnings—
Ohio Rll.—April
&
Baltimore
Monday, June 4, 1945
CHRONICLE
FINANCIAL
THE COMMERCIAL &
2438
were
rights to purchase four additional shares
Gross
railway—
Net from railway
Net
rv.
RR.—Earnings—
1945
from
noer.
$1,702,198
1943
1944
$1,041,517
403.453
515,718
income
$1,676,375
391,980
470,646
1912
$1,808.4®
"126.793
797. t";
"202,709
790f1;
From Jan. 1—
Gross
from
Net
from
Net
r.V.
railway—
oper.
4 427.759
"442,479
428,638
257,884
income...
"Deficit.—V.
161,
p.
981.314
*918.101
*437.229
4 380.846
*463.366
railway
1875.
•
3
".
4
1°
'37390;
554.51-
Number 4391
161
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Beneficial Industrial Loan Corp.
doubtful
for
33,822
mortgage
5(4
stock
(93,600
surplus,
3,005
.»
$2,292,109
$2,594,650
$2,193,117
191,259
182,233
208.030
299,123
capital stuck taxes—
for antic, inci. iii
Federal income taxes
1,069,356
income--.
—
on
#lnv.
Shares
no
1,380,916
830,106
250,000
purchased
Exeter, N.
announced.—V
1,058,366
200,000
has
161.
stock
ShS.'com. stk. (no par)
Earnings per share-.---
600,000
common
oh
$954,981
90,426
2.314,989
$0.43
Period End. Mar. 31
Net profit from
Motor
Prov.
$0.47
2,000,000
$0.47
$1,189,928
profit stax.
tExcludes net income of Continental
Coach Lines, Inc., and its operating subsidiary acquired March
"Including
for
Net
Other
Consolidated Balance Sheet, March 31,
depr. &
"Prov.
employees), $500,650; investments tat cost),; $10,410; real
estate
(at cost)' (after
reserve for depreciation, $12,131), $91,669;
furniture
and fixtures
(at cost)
(after; reserve for depreciation,
S681 440), $841,035;
carrier operating property (at cost) lafter re¬
serve
for'depreciation, $1,967,382), $1,044,910; carrier materials and
supplies (at cost), $133,950; post-war refund of Federal excess profits
tar
$596,694; unamortized debenture discount and expense and other
deferred charges, $392,1.67; franchises and other assets, less reserve,
$116,235; total, $76,076,654.
./
.
$5,800,000; Federal income and capital
stock taxes, $4,896;507;
accounts payable (including accrued interest
on debentures,
$63,810), $2,241,166; purchase money obligations, $564.(000employees' thrift accounts, $3,017,905; 2UK
debentures, due
Dec'. 1, 1950, $8,508,000; 2% "k' debentures, due Oct. 1, 1956, $8,488,000;
deferred income—unearned discount, etc., $393,367; reserve for con¬
tingencies, $1,000,000; minority interest in capital stock of subsidiary
company, $12,500;
prior preference. stock (144,678 shares $2.50 Divi¬
dend Series of
1938, no par), $7,233,900; common stock (2,UOO,COO
shares
no
par), $14,342,073; paid-in surplus, $4,001,068; earned sur¬
payable,
plus, $15,578,169; total, $76,076,654.—V. 161, p. 1091.
Net
corporation has called for redemption on July 1, next, through
of the sinking fund, $500,000 of its consolidated mortgage
Y.—V. 161, p.
due July 1, 1,959.
corporation's
Payment
office
at
25
1875
Rogers has been elected
succeed Charles E. Oakes.-—V.
to
Chairman of the board and President
161, p.
1092.
division
soon
will
as
plant
a
Howard
by
111,,
all
concentrate
E.
be
can
laundry
constructed
equipment
the
on
manufacture
The
ing
it
property,
announced
was
sion
New
Period End. Apr. 30—
Jt.
facil.
Net
874.499
274,575
26,391
Rent.,
95,910
Net
$2,444,409
84.123
etc.—:
York
Public
consolidation
and
$3,182,778
340,659
1,383,750
1.448,030
353,785
$640,831
■;
$1,736,748
$1,509,892
161, p. 1991.
of
smaller communities in
with
1944
$9,892,651
.•
,
central
New
8,317.575
income
■Other
income
4,458.678
694.290
624,373
and
post-war credits
Net
profit for
Net
of
interest
excess
on
on
$430,652
103,987
87,264
588,128
profits
Net
oh
for
$96,062
—
—
——
:
—
taxes
on
,
$26,951,549
22,697,824
2,680.938
213.845
$1,358,943
1
income
(less
post-war
net
913,984
55,251
$500,210
income--.—~
necessity, $271,906;
Condensed
regular
accelerated depreciation,
and
Consolidated Balance Sheet,
Assets—Cash, $1,073,535; U.
Liabilities—Not
vances
of
on
war
accounts
payable,
including
accrued'
liabilities,
and
contracts. $78,308; provision for taxes oh
P'i; renegotiation of
war
install-
current
$7,289.144;^. ad¬
income, $1,722,-
contracts, $467,530; deferred income,
$27,231;
.
.
The Commercial and Financial Chronicle (Reg. U. S. Patent (Mice)
L n Riggs,
Will jam Dana Seibert, President; William D. *i««, Business
-■
.
—
—
Canada, $27.50
NOTE:
On
3' months
ended
Match
for
..
per
,.
_
vear;
.
...
r.
.
South
and
,
Central
account of the fluctuations
Til
in-l
,-,ti a
all
or
parts
necessity certificates have
$..9,945; provision lor Fed¬
settlements, $1,258,200; net profit
contract
and
in
banks, $2,420,898;
inventories,
$940,131;
U.
S.
1945
receivable
accounts
Treasury
.
and
notes
of
15 counties
in
western
Co.
the
new
of
corporation
and
Lower
immediate
corporate
elimination
from
the
units,
the
of
western
of
conditions
accounts,
ol
$4,122,102;
(net),
profits
$169,997;
of
tax
$1,078,747),
land-plant
estimated
prior
will
will
requisite
the
of
elimination
and
of
be
not
the
to
fictitious
include
items
the
in
the
by
New York
March
account
withheld,
$66,906;
31,
1945,
and
$4,269,406;
of
cost
3,075
shares
held, Dr$27,560; total, $12,698,341.
figures exclude Ordnance Steel
above
of
stock
capital
Foundry
160, p.
Co.
2398.
and
Canadian National Lines in New England—Earnings—
April—
Gross
prior
Net
ry.
of
Gross
from
Net
from
Net
Power &
ry.
1943
1942
$178,500
$143,200
$194,200
40,353
*19.206
*49.066
22,964
*31.387
"80.563
*113,204
*81,113
railway
income....161,
Canadian
capital structures
Traffic
—V.
654,300
586.300
*
123,428
*353.751.
•
167.197
*190.590
Ry.—Earnings
14—'
earnings
984,900
"140.976
*360,227
1992.
l).
Pacific
Week Ended May
com¬
700,700
"134,403
*366.303
railway
oper,
"Deficit.—V.
individual
1944
$223,400
.....
railway...;.....
eper, income—..
Frdm Jan. 1—
of authority for
ol' their
the
railway
from
adjustment
their
from
reserves
1945
from
Net
2397.
p.
post¬
settlements
Note—The
consolidation.
Commission's grant
companies
deficiencies
covering of
panies—V. 160,
Corp. and
Burlington Mills Corp.
6 Months Ended—
Net
Mar.
Subs.)
(&
31,'45
-Earnings-
Apr. 1,'44
Apr. J,'43
1945
1944
$6,085,000
—
$6,108,000
161, p. 2327.
$2,398,725
$2,074,421
$1,864,259
1,723,376
869,888
873,898
$1,721,506
660,548
$1.30
$2.20
$1.95
Carolina Power & Light Co.- -To Redeem $7 Preferred
on June 15—
Stock
Mar. 28,'42
$2.44
prof, after all chgs.,
incl.
It
taxes
Outstanding
shs.—
com.
'
Earnings per share
161, p. 2106.
recently announced that (he company intends to redeem tn
next, at Silo and dividends, any of Hie $7 preferred stuck
exchanged lor new $3 preferred stock on a
share-for-Share basis.
The offer of exchange expired at 3 p. m. on
was
June
and
—V.
15,
$6
May
preferred stock not
Wachovia
1945.
12.
exchange agent.—V.
161,
Bank
&
Trust
Co.,
Raleigh, N.
t\,
was
the
2327.
p.
Burlington-Rock Island RR. —Earnings—
from
Net
from
Net
ry.
From
from
Net
$95,963
*
116,830
22,793
73,678
"23,845
962,097
864,204
965,841
495,202
355,012
316,362
360,074
72,870
178,752
180,796
212.471
4,317
Gross
ry, oper. income
"Deficit.—V. 161, p.
from
Net
Net
ry.
from
ry.
California Electric
Power
oper.
Total
Co.
(&
Subs.)—Earnings-
$563,763
$563,308
revs.—
$6,617,082
286,022
3,290,859
75,380
80,851
796,801.
788,121
$196,890
$2,529,422
$2,950,151
603
1,130
20,207
16,126
$198,020
46,601
$2,549,629
569,056
$2,972,277
49,494
revfe-
income
(net)
income.
Gross
Total
for
deducts—
income
Federal
Provision
cess
—V.
61,640
tax)—-—
161,
54,740
724,034
$96,679
$1,256,539
$1,295,135
'
1944
$3,677,835
$3,512,174
2,299,849
2,131,451
$1,377,985
$1,380,723
14,839
12,748
deductions---—
$1,392,825
$1,393,471
bonds
475.280
475,230
April 30—
—
revenues ——
—
and depreciation.
expenses
+
.
profit
Gross
Non-operating
before
Balance
Interest
income—
first
on
mortgage
435
-
income
Provision
for
Federal
Provision
for Federal
—
161.
on
Iftl.
208,502
$287,865
other
Net
Net
ry.
$127,537
$181,596
$165,995
59,885
56,658
84,048
income—
51,548
39,607
$121,725
$1,422,624
$1,440,169
41,800
$74,898 *
501,606
501,606
$79,925
$921,017
$938,583
Earnings—
1945—3 Mos.--1944
1945—12 Mos.—1944
$4,653,320
$18,900,386
$17,969,943
2,486,439
2,511,869
9,804.131
9,678.412
455,2G9
1,656.071
1,803,967
979,000
782.000
3.638.000
2,499.000
$894,180
$3,802,184
$3,988,562
4,553
31.534
115,569
$898,732
$3,833,718
$4,004,131
444,660
454,407
1.800.055
1,771,342
$549,742
$444,326
$2,033,662
$2,232,733
Corp.—Earnings-
1945—3 Mos.—1914
—
$8,412,540
and
depr.
4,513,139
income
taxes
303,000
.
1945—12 Mbs.~r4944
$8,596,505 $31,458,351. $34,807,698
5,273,334
18,506,119
22,p52,328
I
.
299,000
523,000
Jan.
1
1,194,000
profits
excess
297.000
994,000
647,000
963,462
978,921
3,743,371
3,823,529
$1,688,939
$1,398,250
$8,389 861
$5 325 841
6,047
—•———-.
taxes.—..——
Operating
income
13,261
52,811
$1,694,986
$8,441,672
880,434
$1,411,511
739,227
$814,552
$672,284
$2,859,756
68,125
Oiher
697,652
railway-—
550,272
651,495
689,138
224,901
310.958
245.884
1,512,000
ry. oper. income—
161, p. 1992.
216,698
174,829
44,784
1
Income
.298,675
ihcome._
„.
..
-—..
.
deductions—...,
5,581,916
5,370,625
2.939,326;
331,714
198,510
.
income-,;—
G ross
1—
railway——.
Gross
—V.
$147,890
45.489
48.981
railway-
oper.
frem
Net: from
Net
Other
railway——--
from
from
636,068
$116,698
1942
April—
Gross
RR.- -Earnings1943
$2,076,278
636,149
9,026
deducts.
revenues—
maint.
Federal
1944
$2,058,773
53,032
Provision for;
$370,641
1945
$174,758
53,004
$985,376
Period End. Mar. 31—
Federal
Indiana
1,538,000
3,400,151
1652.
p.
Operating
taxes
&
1,542.000
3,579.923
(net)
income,
Oper,
...
128,500
337,469
ex¬
income.
161,
4,852,362
5,435,348
128,500
287,358
Central New York Power
161, p. 2215.
V
income
arid
V.
$579,143
208,502
1945—12 Mos.—1944
420.886
$994,402
and
taxes—,
income.
oper.
Net
35,597
$496,367
-Earnings-
Si, 031,689
456,283
income
Gross
264,390
197,978
preferred stock—
Balance
Net
Other
512
188,214
—-
tax
income..
Net
Dividends
"f
$4,907,100
revenues
profits
cess
.4,000
income tax
profits
oo
**
1945—Month- -1944
1876.
p.
Period End. Mar. 31—
Federal
34,551
deductions,
excess
1.400,514
41.800
———
eral income...,
34,551
interest
Amortization
—
exps; and taxes...
Taxes, other than Fed¬
1945
12 Months Ended
deducts.,.
Oper.
Co.- -Earnings—
California Water Service
2,013.461
Central Illinois Public Service Co.
1765.
p.
4.843.288
3.208,407
$169,703
—
taxes-
pfd. stock
on
—V.
713,293
$99,531
profits
3.592.323
1,761,356
446,128
income
Divs.
ex¬
..
-
income
other
&
Net
963,849
April 30—
amort
Balance
income
Net
Illinois L
for
Gross
Int.
taxes
(incl.
income
on
—
461,978
8,090,367
3.108,186
expenses
&
Deprec.
— —
918,051
12,278.033
1,792,644
income
revenue
Operating
3,477,661
$210,665
oper.
Oilier
277,866
$210,062
expenses.---
385,884
12,750.418
1992.
Central
costs
.non-utility
371,210
13,505,325
railway.
p.
Period End.
$7,221,933
untility oper. rev.
Total
601,220
1—
railway
oper.
161,
Gross
(net)——
$2,178,187
1,386,162
1945—12 Mos.—1944
1945—Month—1944
Period End. Mar. 31—
1942
$3,317,396
721.901
income
Jan.
Net
1943
$2,998,553
665,015
railway
from
Net
1992.
1944
$3,340,455
railway
oper.
From
Gross
—V.
Total
Ry.—Earnings—
1945
from
Net
1—
railway
railway
of Georgia
April-
5,556
57,921
71,439
income
Jan.
from
Gross
Central
1942
1943
$283,410
$199,956
115,253
railway
oper.
1944
1945
$278,821
railway
ttwiutv,
TJ
TV-Tni
WiHiam B. Dam
'
P
,+—fnr
foreign
Net ' income—-
-V.
.
161, p. 2215.
'i niiii'imii
Cnmnnnv
a
Publishers
'week
25
Park
Place
feverv Thursclav
subscriptions
remittances for foreign suosenpaons
news
I
in" 1.^1
i
t
i
ii'timi'" Vnri 'i'-.-'iVn
-r
1
v'11
irV;::r
$2.181.2;0
1
1
Herbert D. Seibert. Editor and Publisher;
and advertising Ksue) with a statistical Ksue on Monday!,
Other
1045 b, Wllltam
D.ma Company, Reentered
New York 8. N.
(general
>
prepaid
$93,370;
reacquired
Buffalo. Niagara & Eastern Power.
the consolidation will be elimination
affected
of
amount
$518,600;
years,
the
own
Power
$111,905;
(after Treasury
notes,
tax
series C. at cost.
provision for old age and unemployment benefits
provision for other taxes, $56,638; provision for casting
returns, $130,065; unclaimed wages and unadjusted credits, $65,560;
capital stock
(348 000
shares, no par), $4,050,220;
earned
surplus,
including Buffalo, Niagara & Eastern Power,
controlling interest of Niagara Hudson Power
companies.
Niagara Hudson will retain
York
$1,836,382;
sites,
accrued,
on
taxes
$2,200,000),
division
which
unification
by
now
results of
the Central New
Corp.,
estate
excess
deductions
income
contract
and
Lockport & Ontario Power, the Hydraulic
Niagara River Power & Water Supply Co.,
controlled
are.
of the
four
the
and
which
met),
$472,831; accounts payable, $421,628;
of war bonds, old age beniTits tiixes
$87,277; notes payable—Regulation "V"
loan, $2,268,009; provision for refund pursuant to
Renegotiation AeM~*!.
year
1943,
$744,060;
provision
for
Federal
taxes
on
income
and
Gorge View
subsidiaries of Niagara,
all of
real
of
Liabilities-Payroll
payroll
and
three
two
Race
in
refund
war
amortization
(after
equipment
insurance and other,deferred
charges, $88,061; total, $12,698,341,
Niagara Falls Power
subsidiaries, the Canadian Niagara Power Co., Ltd.,
Bark, Inc., and the Niagara Junction Railway Co., and
its
and
•
Am^-lca
of exchange,
in the rates
<
which
expense,
Campbell, Wyant and Cannon Engineering Co.—V.
addition,
Co.
From
liabilities- and
es
deferred
the
stock.
Cambria
S. and Canadian
assets, $306,751; total, $15,599.271..
rnents
28
$296,165.
31, 1944
Dec.
Govt, bonds, $440,095;
receivables, $2,848,999; inventories, $7,293,487; other current assets,
$558,299: investments, $2.9,095; land, buildings and;-etjhxpiftbhfc '(after
allcwahfce for depreciation etivl amortization of $5,55%398J, $8,209,010;
other
May
taxes,
Miscellaneous
$444,959
to prior years
rpplic.
Note—Provision for depreciation and amortization in the amount of
$568,071 is deducted as an
expense in the above consolidated income
statement as follows: Amortization on facilities covered by certificates
of
approved
York.
Miscellaneous
refund credit
adjustments.
Consolidated
Commission
companies directly involved in the, consolidation are the pres¬
Niagara Electric Corp., Niagara Lockport & Ontario Power
Lockport &. Newfane Power & Water Supply Co.—all ope
bating
companies—and the Buffalo, Niagara & Eastern Power
Corp., which
controls the three operating concerns
through ownership of their capi¬
Operating
1941
tax).
Net income before
adjusts.
Prior year
the
of
investments
Buffalo
Operating
Ended Dec. Si,
Year
Statement,
selling, engineering and service expenses—
profits
and
hand
on
$2,277,981;
Operating
$229,860
income..—„—
excess
facilities
sity have been obtained
(after
tax)———
Other expenses (less other income)
Prevision
for
$197,197; dividends paid, $66,231.
buildings and
The
ent
247,325
funded debt)_
profits taxes
excess
Income
sales...,
Administrative,
39,214
$921 975
——
sales—..
Cost
41,187
period.—
Consolidated
$391,438
—
income—
Other expenses (inch
surtax
eXps
$880,787
:
Total
Normal,
service
and
eng.
operations—
on
161,
Co,,
Prov.
Net
$4.58
tax.—V.
profits
$5,474,489
sales
sales,
$1,373,283
$3.16
excess
a
Net
1945
u
Administrative
$937,860
$1.48
Corp.—Merger Approved—
Service
area
Bowser, Inc. (& Subs.)—Earnings
•Cost
$444,354
a
single .operating utility of three operat¬
holding concern comprising the western divi¬
ous
and
3 Months Ended March 31—
Bet sales
statement
indebtedness (not), $1,914,000; investments in whollv
owned subsidiaries not
consolidated. $35,000: land contracts and second
mortgages receivable, $14,566; investments at cost, less provision For
loss, $85,100; cost of facilities for which certificates of
necessity have "
not
been
obtained
tatter
reserve
for
depreciation,
$2,693,2661,
$2,825,720;
co.,t
of
facilities
for
which
certificates
of
neces-
population of
1,100,000
in
Buffalo, Niagara Falls,
Biatavia, Oleah, Tori'awanda, North T'ohaWahda, Lackawanna and vari¬
445.357
101,526
•
of
income
on
certificates
into
one
an
deductions
income
Cr334,200
$2,737,421
449.233
$2,893,642
$906,367
income—
int.,
1,062,120
111,563
1,318,453
26,572
income
2.790.937
2,677,822
886,679
334,206
<Dr)___
oper.
1945—4 Mos.—1944
$7,094,379 $28,776,907 $28,250,214
4,986,967
22,240,313
21,548,173
5,330,979
;
(Df)__;
income
Total
—V.
$7,472,623
expenses
ry.
Other
Crl80,000
new
Gross
April Earnings—
1945—Month—194.4
revenues
rents
income
Consolidated Balance Sheet, March 81,
-
April—
Boston & Maine RR.
;
Crll9,200
and
$1 07
$120,118; .interest
Assets—Cash
(net),
the Niagara Hudson Power
system, if the companies make
changes in their unification plan.
operating corporation, to be known as the Buffalo Niagara
Electric Corp., will have assets of
nearly $194,000,000 and will serve
.
Taxes
taxes
lor period,
4,083,000
taxes
$0.78
President.
Blood,
explained that the contemplated acquisition marks another
in
a
comprehensive prog-lam of plant decentralization
"deemed necessary to permit the company to meet its announced post¬
war objectives of high
employment, efficiency, and volume in each of
its factories."
Last ifall the company announced the purchase of a
plant in Effingham, 111., for electric and gas range output, and the
intention to streamline each of its plants for single-purpose, straightline production.
Muskegon and Muskegon Heights, Mich., factories
will manufacture electric refrigerators and develop new products.—
V. 161, p. 2215-'r
Equip, rents
obtained,
$5,122,083
2,445.000
$0.81
of
The
step
Operating*
Operating
been
several
Mr. Blood
major
$3,202,860
1,416,000
income
$0.58
including excess profits tax.
Gross
cost
$68,859; amortisation ol
48,750
$1,741,154
$240,317
companies
The
the Norge
there as
follows:
production
eral
54,646
8,770
652.000
,
proposed
final
factory
a
181.802
$5,073,333
share..
$0.57
taxes,
•
control
nearing completion for acquisition of
and if the transaction is consummated,
161.613
$3,148,215
Buffalo Niagara Electric
Borg-Warner Corp.—May Acquire New Siteare
39,815
Cr49,000
1942
$369,367
...
charges and
consolidated
1945,
1943
$270,328
separate > items
below,
$2,022,672;
other
operating
income—net,
including cash discounts received and allowed and profit from
sundry
sales, $43,146; interest received, $7,274; subtotal, $2,073.0)2; adminis¬
trative
and
selling
expenses,
$408,773;
provision
for
depreciation,
$5,255,136
$843,317
Wisconsin
stockall
1944
$199,388
on
as
$3,309,828
ex¬
taxes
share
per
profit from sale of products, being net sales
products sold, including labor, materials and
production expense, but not including depreciation and amortization of
facilities for which necessity certhicates have been
obtained shown
1945—12 Mos.—1944
$1,772,199
$1,732,384
taxes
of
com.
1092.
p.
Light
Negotiations
site at Herrin,
income
profit
One
Birmingham Electric Co.—New Chairman & President
W. M.
The
31,
misc.
refund
per
In
operation
20-year sinking fund 3*4'# bonds, series F,
wili be made at 101 and interest at the
York, N.
operation June 1 of Exeter
W. Steinkraits, President,
1945
$197,197
profit
less
16.217
"Includes
Bethlehem Steel Corp.—Calls $500,000 of Bonds—
Broadway, New
Herman
*0,347
before taxes
profits
Earn,
ta)
VThe
amor.
(less
for
cess
from
Liabilities—Notes
"Net
Earnings
$827,100
inc.
Profit
1945
Assets—Cash, $6,685,150; U. S. Govt, obligations. $11,484,271; in¬
stalment notes receivable (after reserve for doubtful notes,
$5,062,481)
$54,173,614; other notes and accounts receivable (incl. $7,890
<im
earned
"After
1945—3 Mos.—1944
charges)
excess
Condensed
—
begun
$867,447
profit
Post-war
.
3 Mos. End. Mar. 31—
Briggs & Stratton Corp.—Earnings-
925,996
2,000.000
and
Col.
H.
Subs.)—
{&
Earnings—
93,753
600,000
2,00,000
$0.47
90,426
prior pfd. $tk.
on
$1,031,501
90,426
600,000
$1,031,494
income
Net
Campbell, Wyant & Cannon Foundry Co.
plant
1991.
p.
oper....
DiVs
$423,100;
1954^
$1,615,621;
capital surplus, $347,409; paid-in surplus. $1 325,903;
$1,386,016; total, $15,599,271.—V. 158, p. 1727.
company
Works oi
Brass
Prov.
Divs.
1.
1963,•
installments), $27,024; first preferred
par),
$468,000; common stock
(par
$1),
capital
$2,797,416
debs. & oth. int.
for Fed. inc. and
Gross
"Nov.
current
Bridgeport Brass Co.—Acquisition—
The
mi
(less
2439
$2,794,411
3'15^
5%.- sinking fund bonds due
debentures due July
1,
fund
contract
$42, 004;
3,831,477
$2,189,960
sinking
purchase
$6,625,888
3,112.687
$2,560,828
38.253
credits-
first
1942
$5,302,647
4,217,760
$2,253,856
income—
oper.
Net
income
11943
$6,778,588
4,415,653
notes)--
Subs.)— Earnings
1944
1945
$6,669,509
End. Mar. 31—
3 Mos.
operating income—
ouer. exps.
(incl. prov.
(&
Y„ REctor 2-0570.
copy'sht
—
■
<
V
Central Power & Light Co.—Earnings— ..
'period End. Mar. 31—
1945—3 Mos.—1944
1945—12 Mos.—1944
revenues.—..
Oper.
$3,618,456 $15,598,911 $13,588,533
$4,009,092
& taxes—
Oneratinc
3,269,442
2,953,189
12,634,333
$739,650
$665,267
$2,964,578
$4,227,167
(ntt)
3,461
cash
to
per
the
by
court on
Milwaukee
Net
oper.
Other
income
4.283
7,504
2,652
'
,
f\\
1
"
.
' '
&
Northern
1st
Milwaukee
&
Northern
cons.
$743,112
$668,919
$2,972,082
$4,231,450
277,824
—
301,438
1,191.545
2,206,782
deducs._
A
income
Net
ry.
$4,977,451
$5,381,016
1,709,608
436,651
627,364
1,825,027
998,303
>
5,536,506
..
income.
oper.
17,142,622
20.686,185
20,147.810
4,544,523
5.792,086
4,931,816
2,267,310
railway——
from
—V.
$4,935,219
1,300,043
20,233,009
railway-
from
Net
1942
1943
1—
Jan.
Net
(fully
E
(coupon)...;
1,305,363
2,140.802
2,074,756
E
(fully
F
Series
F
1944
1943
SC69.563
5727,583
$670,943
108,817
215.378
203.163
7,895
116,904
132,932
Net
1—
From January
(
Net
Net
rv.
railway
from
,.< r
•
,803,752
631.587
226,160
320,838
income
other
.•
profits
excess
and
cline
3,951,312
3,596,187
3,107,715
4,866,890
7,235,849
Net
tNet income
—
545,833
Net
"After
also
1944
'
—
——-
$790,563
$887,133-
$830,064
$1.62
.
$1.82
for
stock.
486,775 shares of capital stock outstanding exclusive of treasury
Balance
April 30,
Sheet,
Net
ry.
of
loan
Gross
<"V-T"
$75,000;
loant,
$5,680,428),
Net
ry.
surplus,
and
—V.
Net
ry,
—V.
railway
2,139,201
2,212,141
813.643
997,764
308,262
351,610
1993.
1945
1944
Net ry.
2,259,448
railway.
Net
Ihe
ry.
4;
142,640
Net
ry.
92,538
Gross
1,463.923
1,565.949
1,268,341
1,491,034
562,868
193,520
660,780
497,071
293,356
425,600
income
1993.
invitations
391,351
312.535
the
authorized
23
of
respect
sold
issued by the Manufacturers Tru«t
100.209 and dividends in connection with
at
certain
offered
were
bid
for
also
were
in
obligation
ls/a'/e
serial
assume
$2,500,000
be
equipment.
the Commission states:
to
to
company
exceeding
not
to
„
through
125
to
Va
of
certificates
This
for
bid
ccst
and
the
of
mately
bearing dividends a't
made by Salomon Bros.
was
itself
two
associates,
proceeds
1.58',4>
the
to
the
I%
each,
the
rate
been
representing
100.209
per
New
York,
of
annum.
acting
The
will
basis
being
tosbe
was
accepted.
this
011
bidding
bidder
dividends
1%%
of
Hutzler
&
has
and
applicant
annum.—V.
per
1944
Gross
from
Net
from
Net
ry.
$15,212,934
from
ry.
be
6,852.409
2,028,479
3,600,924
2,029.990
57.069,563
average
Net
V.
25.094,757
22,856,708
25,241,545
ry.
8,998.921
9,387,395
15,533,613
7,679,397
1945
1944
1943
1942
$2,1S2.144
railway
$2,145,358
$2,147,610
$1,695,053
railway....
570,852
income..
397.621
642,572
328,883
_
207,914
472,691
interest,
1943
1942
John
$507,000
3.453.43.3
1,854,614
3,628,337
1,674,679
76,410,147
66,596,465
44,267.456
36,848,830
32.077,015
31,146.251
15.855.562
11,327,086
called
8,952,337
15,624,083
7,510,673
for
first
of
and
refunding
be made at The First
trustee,
Two
on
C.
R.
Williams
oil
the
33/4$
National
Wall
Street,
and
and
H.
gas
Secretary.—V.
K.
Greenleaf
division and
161,
p.
D.
1.
at
next,
bonds,
Bank
New
have
B.
viously
April-—-
of
101
series
the
York,
of
and
1974.
City of New
Y.—V. 161,
N.
from
Net
ry,
From
Gross
Net
oper.
Jan.
from
Net
ry.
—V,
161,
been
elected
McNamara
Vice
Presi¬
has been
named
income
•Earnings—
1944
1941
1949
$2,887,469
$2,810,066
$1,643,924
929,153
1,185.799
365.548
242,007
350,225
461,406
129,418
11,206,298
10.488.244
6,583.185
2,769.099
3,421,386
4,192.856
'1,645,299
income
999 164
1,256,471
1,633,896
654.599
2216.
1945
railway
railway
1943
4.642,166
089.929
ruy
Illinois.
of
2,314.048
2,522,834
,326,117
1.931,700
71.859,138
68.912.660
51,357.239
20.417.156
22,198.186
28.552,171
16.394.748
9,838.753
income
the
I945
bond
y
Eastern
2.
this
(Pa.)—New Vice-President—
has been elected Vice
148,
President
in charge of sales
3683.
p.
~
129,444
291.048
inc.)
43,390
40,282
164,325
160.546
50,549
250,802
204.632
$94,975
$94,662
$411,962
$480,347
4,146
2,190
18,266
8.444
$99,121
$96,850
$430,228
8488,791
(other than
income
present
the
reserve
and
that
"there
Net
Company Is Solvent—
deductions.
—V.
is
an
equity
in
10,139,758
18.899,829
9,450,901
issues
the principal
of
better legal
a
aggregate
an
thus
fat-
position, but adds that in the light of
for
creditors, participation of
affected
to
the
says
the
reduction
a
been
The
trustee
that
and
of
extent,
they
the
on
not
exceed
indicate
from
the
books
aggregate
an
of
the
Of
to
in
the
balance
value
value
which
at
of
loss of
than
trustee
and
1922
the
prop¬
available
amounts
necessar.ly
for
notified
authorizing
that
und
an
The
stock
the
assets
values
for
which
1932.
resulted
in
an
aggregate
the
order
of
The
bonds
the
of
that
Childs
has
definite
a
and
and
the reslaurunt industry.
In the direction of re¬
rehabilitation, he outlines a five-point program of
future development:
(1) A modernization program
(2) Opening of restaurants on the
h'ehways; (3i Re¬
of
products;
central
a
(4)
Expansion
food
additional* cities;
into
commissary
und
(5)
warehouse
Finn, trustee, in a report filed With Federal
Judge
Edward A. Conger May 29 expressed the
opinion that "a sound cause
of
action
exists"
against syndicate participants
and
those
former
directors of
the
company who
participated in an emploveess stock
for
including April 1,
1, 1955, and 10
and
including
and
at
time
any
accrued
April
whole
in
interest
1,
succeeding
year
at par to
thereafter
*
'
including
each
and
1955,
'
* "
part on 30
April 1.
in
or
and
to
J/aduring
20J6.
J.
Copeland
with
nected
the
has
been
organization
Colonial
')
-
elected
for
has
He
director.
a
years.—V.
19
156,
been
con¬
1307.
P-
Stores, Inc.—Plans Financing—.
it
is
;
t
the SEC nqxt
covering
some
$3,250,000
of 3''
debentures and 55,000 shares of new 4'k
($50 par)
preferred stock.
Proceeds from the financing would be used for retirement of $2,315,000
of 3%'>
debentures and 53,468 shares of 5% preferred stock and for
working capital purposes.
The presently outstanding debentures are
held by Equitable Life Assurance Society of the U. S.—;V. 161, P» 2216.
company,
month
reported,
registration
a
wlli
probably
with
file
statement
Pro
Forma
Comparative
(&
Subs.)—Earnings—
Consolidated
12 Months Ended March 31—
Income
Statement
1945
1944
$452,771
$435,311
316,708
$
Subsidiary companies combined:
Operating
revenues-,———
Operating
Utility
deductions
revenue
Other
operating
333,047
income
income—
$129,724
—
;
(net)
Gross
4,254
income
R( tirement
Gross
plan,
which
he
said
in
the
report,
"devised
was
and
$133,978
reserve
accruals
income
exe¬
the purpose of maintaining, in a
declining market, the value
syndicate's stocky and. .to facilitate its operations therein; and
corporate
that
purpose
he
intends
appropriate
Mr.
served
was
to
apply
by
these
the
to
legal .proceedings.
Finn
said
that
011
or
transactions."
court
In
$118,603
4.516
f
for
Net
income
Interest
from
from
28,699
subs,
open
deductions
Other
acct.
Net
—V.
$58,288
submit to him suggestions for the formulation of a
reorganization
or proposals in the form of plans, after which the
trustees will
and file a definitive plan.—V. 161, p
1766.
prepare
corp..
inel.
in
$49,054
'•
sub.
Gross
f;
2.683
From
Gross
12,412
$49,294
7,046
$48,799
taxes—
—
„
_
$42,248
Southern
Ry.- -Earnings—
1945
railway——
railway
oper.
$1,312,930
1944
income.—
1943
1942
$1,112,538
$774,513
482.014
428.510
258.902
252,541
248,262
178,866
4,265.379
2,691.950
1,687.646
873.428
1.016,711
550.510
$1,261,495
465.930
235,881
5.089,918
5.098 128
1,751.294
1.962.GOO
868,216
1.044,058
January 1—
from
Net
from
Net
1-'.
—V.
*;
205.
p.
from
2<i0
240
;
$61,212
and
Colorado &
ry.
they
to
sub.
L
April—
Net
1945,
of
—
income
161,
authorization
creditors
applic.
Total
from
July 25.
$76,704
27,650
$36,987
,
income
Net
to
$123,119
46.415
Colonial Utilities Corp.—*
Mr.
notice
a
before
46,990
—
deductions
for
stated
holder into common
each $100 principal
the
to
up
Cohn-Hall-Marx Co.—New Director—
Expenses
X
institute
of
common
maturity.
decreasing by
including April
p.
option
made
and
in
food
Establishment
Finn
to
oe
working capital.
to
of
to
up
redeemable
105 7<
maturity.—V. 161.
the
at
shares
20
will
added
conversions
common
premium
to
be
will be used for additions
used for additional equip¬
$150,000
$100,000
thereafter
are
at
of
for
common
notice
received,
will
convertible
basis
bonds
shares
15
be
to
facilities;
are
the
of
Income
opinion
for
$2,000,000;
F.
plant
the balance
bonds
on
and
Cincinnati
New
April—
was
entered
the Northern District
directing
proceeds
and
creditors
which
at
$14,000,000.
expresses
place
of
Corp. —Bonds Offered- —Kobbe,
$6-
according to Mr. Finn, the financial difficulties of the
largely traceable to its policy in real estate and lease
between
important
not
are
.x
purposes.
transactions
more
sheet
.
Colonial Utilities Corp.
company
and its sub¬
these properties, deducting the amount of the
applicable liabilities, is $2,026,648.
The trustee
other
/ reorganization
no
292,557
$196,235
&
present
ment,
com¬
the
the
that
308,034
$122,193
claims
$671,000.
independent appraisals of
assets
are
way
equity in
and
stated
whichever
aggregate of allowed landlords'
obtained
$2,537,885
carried
great
any
determined.
is
that
that in determining the value of
stockholders, it should be noted that
the
72,129
$24,721
Co., Inc., and Newburger & Hano on May
29 offered $500,000 15-year 5V2% mortgage sinking fund
convertible bonds due April 1, 1960 at 100% and interest.
The
available
assets
be
question
estate,
have
mortgages
Gross
Net
Net
ry.
Orleans &
Texas
1945
from
from
Gross
are
71,548
$27,573
—
amount'of the liquidated
and
may
..
Porcelain Steel
Clyde
Gearhart
after
company,
railwayrailway——_
oper.
income—
$2,979,040
1.063,742
339.870
Pacific
1944
;
railway—
railway—.
ODer.
income.—
161, p. 1994.
Ry.—Earns.
1943
payment
ty
from
Net
from
Net
ry.
—V.
railway—.
railway
oper.
1(1,
p.
income—
187G.
1942
Colorado &
Wyoming Ry.
$3,014,940
S2.444,926
1.490.173
1,437.240
1,066.808
Net
from
434.177
298.673
369,698
Net
ry.
Gross
Earnings—
1945
April—
$3,375,125
From Jan. 1—
U- S> Di*trlct Court for
Division,
the
company
has at the
present
time
that a further distribution, should im¬
of the company, making
the reorganization period.
lund
real
purchase
.■
161, p. 1767.
thereafter
the
cash- resources
value of
will not
report
sidiaries.
of
-
income...
Abbot
that
reported
trustee estimates
John
54,318
income
1946,
obligations
sales
income
on
Income
full for all claims of creditors."
preferred
tail
983.950
286,413
expenses—_
days'
X.
during
The
$2,249,987
72,506
338,373
the
arc
$2,354,439
72,409
1,471,408
the creditors have
erties
1945—12 Mos.—1944
$546,615
—
1,055,904
trustee, commenting on Che controversy between preferred sto"clTholders and creditors over a disputed reserve
fund, states the view that
the
(& Subs.)—Earnings—
1945 —3 Mos.—1944
$568,830
revs
3.814.561
Distribution of Cash—
Holders
April
—
1.153,465
The
plan,
1942
74,138.392
from
railway
Net from railway
i
lg44
4,248,312
ry. oper. income
From Jan. 1—
Net ry. :cper.
& Pacific RR.— ■Earnings
$18,543,970 $17,052,927 $17, ,703.182 $13,162,980
Net
Gross
and
2
142,820
income
1993.
(allowed)
to
April—
from
Jan.
on
1,098,116
1950;
substantial
cuted
Chicago, Milwaukee, St. Paul
Net
quarterly dividend of 50 cents
July 1 to holders of record
a.
33,844
shares
solvent,
of 25'/r
_■
10.265.599
ra'lwav
from
the directors declared
254,773
1,310,627
and -stockholders.
Gross
Co.,
City.—
35,121
Trustee Would Prosecute Promoters of Stock
Purchase
674,331
railway
p.
51,775
Plan—
1—
oper.
York
268,616
6,977,898
trustee
The
of
$2,563,698
railway
railway
from
-New
and
expenses-
Operating
2.245,626
considerations
I945
from
Net
St.,
of
and
Maintenance
8,459,983
provision in
764.
Chicago & Eastern Illinois RR.
Gross
oper,
2.058.065
organization
Assistant
Total
9.024.048
Historically,
Aug.
Chicago Corp.—New Vice-Presidents, Etc,—
dents of
285,707
'
Finn, trustee, in a report submitted to the court for
approval cn May 29, states that in his opinion the company is ob¬
Bonds—
redemption
1993.
P.
Wall
23
trustee,
Cities Service Oil Co.
2,128.266
F.
857,140.
$11,258,435
2.324,612
income...
corporate
fund
the common slock, payable
similar distribution was made
Joseph A. Kelley
8,824,153
stresses
been
sinking
24,
1—
oper.
company
York,
1
railway
railway.—
p.
pany's
82,000,114
railway
Payment will
July
11.166,220
income.—
2328.
p.
Jan.
161,
The
1—
have
$40,000
36.874,220
approxi¬
•Earnings-^
1944
To Retire $507,000 of 3%%
There
next,
Payments in 1944 were as follows: Jan. l, 75 cents; and April 1,
and Oct. 1, 60 cents each.—V. 161, p. 1993.
year.
2.955.836
from
The
$20,028,288 $17,815,743 $17,016,858
6,450,890
7,308,348
8,251,702.
railway...-
oper.
1,
Aug.
$9,754,046
5,176,302
59.559.951
from
Net
161, p. 2328.
1943
income—
Jan.
Net
^
, •
railway—
from
Net
v
railway
oper.
From
Gross
1942
1943
$14,591,063
5,807,184
arising out of rejection of leases will
•
redemption on
for
series E bonds, due 1969,
at
111 and int.,
2%'/t
series G bonds, due 1974, at 102V2
will be made at the office of J. P. Morgan &
mtge.
on
A
9.
Gross
1,785,291
oper.
From
such
,
competitive
firms,
of
Chicago Burlington & Quincy IiR.April—
May
share
per
June
Taxes
$16,114,561
mediately be made oWT'liti
sale
sent
multiples
,
borne by the certificates.
In response thereto, eight bids,
33 parties, were
received, the most favorable of which
for
On
372,211
I
designate
to
39,775,390
Operating income
railway
from
Gross
railway—
railway
required
41,669,256
308.
p.
amount
The* certificates
and
10,068,126
,014,703
7,603,447
Chicago St. Paul Minneapolis & Omaha Ry.—Earnings
178.630
of
$241,723
10,437,359
called
been
1st
Payment
9,444,367
14,868,379
7,056,836
railway—
106,656
and
$241,968
3%'f
of
161,
17.128,503
13,560.438
income—
oper.
72,725
report
int.
Taxes
C4,856,583
161,
136,182
procurement of
The
have
Incorporated,
,971,046
49,445.724
1945
from
Net
—V.
84,783
trustee,
as
.771,068
2,887,210
52,689,434
income
railway
from
40,223
May
Mos.—1944
$59,652
1769.
mtge.
$117,000
From Jan. 1—
Income
equipment trust certificates
Co.,
1,580,547
53,901,914
railway
from
in
1945—4
1945—Month—1944
$59,961
„
Citizens Utilities Co.
1—
oper.
Net
on
Ry.—Earnings—
Depreciation
Income
railway..——
$341,732
ICC
$1,928,988
Period End. Mar. 31—
$14,235,172 $12,946,559 $13,149,186 $10 .695,381
.293,175
railway..4.026,619
3,478.930
5,106,291
from
$388,911
liability
$1,891,982
Cincinnati Union Terminal Co.—Partial RedemptionThere
1942
1943
railway.—
Childs Co.—Trustee Says
The
Street
operations.—V.
April—
Chesapeake & Ohio Railway—Equipment Trust Ctfs.—
and
$666,450
April 30—
p.
2,023,177
815,787
269,735
2,170,296
738,294
295,571 I
income
p.
from
$385,895
railway
oper.
54,574
April—
Net
1942
161, p.
$3,928,983
2,000,000
surplus
—V. 161,
161, p. 2328.
1943
from
from
2,000,000
$837,398
passengers.
Chicago Rock Island & Pacific Ry.--Earnings—
-Earnings—
'From Jan. 1—
Gross
Ndt
208,327
89,892
oper.
1944
oper.
236.776
77,168
railway.
from
Net
railway——
from
ry.
.
222.996
81,574
from
1945
$352,618
from
Net
current
capital
Carolina Ry.
Western
C'April—
Gross
$3,891,982
500,000
—
Revenue
Other
other
$4,221;
p.
981.
$1,475,075;
deferred
income,
*8,526,732;
total, $13,283,812.—V. 161,
&
233,367
income—
Jan.
Net
Government
gencies,
Charleston
$506,921
1945
and excess profits Lax actual (less U. S. tax
$3,202,784; reserve for inventories and contin¬
income
including
$557,836
oper.
From
Gross
notes
$572,733
oper.
from
liablli-
•f.ties,
$1,166,450
C. I. T. Financial Corp.—Distribution of 50 Cents—
$595,860
from
Gross
Gross
S.
U.
$3,650,150;
Liabilities—Bank
$5,496,803
1.567.821
>2
161, p. 1393.
to
1942
161,
securities, $836,409;
fiotes and accounts receivable (less reserve 1, $1,034,724; inventories,
$3,446,897; other current ussets, $473,297; fixed assets
(less reserve
$4,983,5171, $2,596,377; patterns and drawings, $1; deferred charges,
$152,990;
post-war
reiund
and
other
assets,
$1,092,967;
total,
$13,283,812.
Assets—Cash,
$5,427,040
1,535,058
300,000
Cincinnati
Chicago & North Western Ry.—Earnings-
$1.70
depreciation on plant* and equipment and in
approximately $1,340,000 for special reserves.
iOn
after
1945.—V, 161, p. 2328.
31,
1943
April—
share
provision
May
on
railway
railway——
from
—V.
285,004
807,964
——a
per
$1,560,612
394,162
paid
Period End.
V.
1944
from
Gross
de¬
taxes
renegotiation.—
income
business
on
1945
oper.
Net
;
38.387
$5,458.4
and
inventory
of
.
from
ry.
3,057,357
367,667
Income
to the disbursing
to the
the bond registers
presented
be
to
the owners thereof
as
from
Net ry.
-
conting.,
for
Hes.
$7,280,140
less
taxes
income
State
Apr 30, '43
Apr. 30, '44
$10,784,336 $12,265,007
„
81,165
$1,337,398
—
Balance
securities of
for new
From Jan. 1—
Apr. 30, '45
Federal
for
Provision
V.
the holders co
returned to
and
divs.
Balance
—
Chicago & Illinois Midland Ry.—EarningsApril—
Gross
exp..
not
are
registered
are
clcsc
Net
profit on sales.
admin, and gen.
$5,345,875
12,990
$1,719,471
382,074
inc.
chgs—
amort,
income--
Net
1st
Cords
registered
who
and
Pref.
.
stamped
be
Payments will bo made on such bonds by checks mailed
the
at
323,394
12 Months Ended—
will
be surrendered later in exchange
may
reorganized company.
Fully
Subs.)—Earnings—
(&
$1,547,621
12,604
Gross corporate
Int
coupon
" V-V;
Net
♦Gross
.
presented
so
agents;
611,326
'47,874
—
Chain Belt Co.
Selling,
of
they
persons
2^513,755
269,728
615,572
oper.
$1,706,867
revenues—
income
K
2,921,313
income...
'Deficit.—V. 161, p. 1876.
■
v
.
2,753,185
railway
from
Gross
*90,271
income..-
oper.
ry.
—
*—;
bonds, whether or not such bonds are registered
as
to principal, may obtain the payments to which they are entitled
by presenting their bonds accompanied by letters of transmittal, over
the counter or by mail, to either one of the following disbursing agents:
The
First
National Bank of Chicago, Bankers Trust Company,
New
Holders
1942
$629,133
11.073
railway
railway
from
registeredi_—_.
registered)Chicago, M., .St. P. & P. 5G-year mtge. bonds
the
1945
from
Gjoss
Net
1
(fully
Bonds
April—
—■
(coupon)—,
that
Ry.—Earnings-
Central Vermont
'Net oper.
135.94/6
208.2491
202.7773
208.2490
202.7797
225.6074
219.7380
225.78
—
—
i
registered)
York.
1993.
161, p.
registered)——
Series
832,833
income.,
17. oper.
Gross
(coupon)
C
(coupon)
Series
1,876,167
$5,459,103
railway-
railway
from
From
1944
1945«
from
Gross
Net
dully
C
Series
Central RR. of New Jersey—Earnings—
Net
B
1876.
April-
and taxes
J^O.2989
Series
$2,024,668
$1,780,537
$367,481
$465,287
...
revenues-—_—
Total oper. exp.
Other
168.66Z5
(fully registered)
B
Series
I
~V,. 161. P.
1945—3 Mos.—1944
1945—12 Mos.—1944
$9,455,117
$9,838,881 $35,243,594 $35,050.(,47
7,748,250
8,291,259 29,897,719 29,592,225
Period End. Mar. 31—
--*1^3.5296
(coupon)
Series A
Series
Series
other
and
$100.50
—1 208.67
:
bonds
mtge.
•
Gross
Chicago, M. & St. P. gen. mtge. bonds;
Series
income
Gross
Int.
bonds
mtge.
Cincinnati Gas & Electric Co.—Earnings---
certain amounts of
reorganization which
Feb 23, 1945.
The following amounts
$1,000 principal amount of .bonds are to be paid:
Rate per $1,000
confirmed
was
9,361,366
income
exps.
out of the funds of -the trust estate, of
which they are entitled under the plan of
holders,
Monday,'June 4, 1945
FINANCIAL CHRONICLE
THE COMMERCIAL &
2440
from
railway
railway...
oner,
income...
1944
1943
1942
$132,470
$133,608
$149,955
$145,379
43.727
40.246
65,956
61.867
20,906
26,064
22,900
From Jan. 1—
11.832 3^3
12.749.233
12.045.600
8.746.237
4.240.744
5.398.413
5.913.G59
3.461.508
Net
from
1,530.501
1,724,480
1.854.122
1,618,090
Net
ry.
Gross
from
railway.
railway
oper.
—V.. 161,
p.
income...
1876.
540,293
589.876
181.090
216.536
88,460
147.C97
619.731
275.404
,
93,166
90.450
Number 4391
161
Volume
THE COMMERCIAL & FINANCIAL
CHRONICLE
Fuel & Iron Corp.
Colorado
(& Subs.)—Earnings—
capital surplus, $1,076,272; earned
surplus.
V. 160. p. 2644.
$864,340;
—
period End. Man. 31
and
Sales
>yei.
oper.
1945—3 Mos.—1944
revs,
revs
,
1945^-9 Mos.—1944
v. -v.
:•
..
of
♦Cost
sales,
11,198,111
11,039,895
33,397,865
32,895,292
Gross
550,625
515,801
1,543,072
1,478,060
Oper.
427,626
473,187
1,259,310
1,399,507
Prcv.
etc.—
Deplet.,
deprec.,
Amort.
886,267
913,869
2,669,632
2,695,002
Amort,
of emerg.
facil-
339,426
profit
Int., rents, royalties, etc.
367,928
1,021,831
$1,425,184
$3,398,953
$2,922,115
30,684
32,435
118,603
100,064
maint.
Co.
(&
Subs.)—Earnings-
10,543
of
and
property
$6,690,571
5,150
adjustments
$2,530,638
amort,
of
expense,
$1,468,229
$1,457,969
$3,528,098
$3,003,528
112,004
137,940
387,884
413,820
(Including
$2,558,979
1,324,453
534,388
7,957
of
to
Balance
$663,942
inc.
571
on
bonds-
charges
42,086
income
Prov.
...
28,584
97,089
83,621
Net
on
-V.
4,000
_
Federal
for
and
taxes
amort,
of
disct.
and
352,257
$312,913
debt
$341,835
etc.
expense,
••
—
Prov. for State
Int.,
taxes
15,600
1
contingencies
*
.
14,500
612,620
1,204,600
$787,839
—
$663,225
$1,824,025
1,294,120'
Gross
$1,189,166
♦Includes maintenance and
repairs, rents and royalties and provision
and accounts.—V. 161, p. 1994.
for doubtful notes
Electric Corp. (& Subs.) —Earnings—
Columbia Gas &
Period End. March 31-
1945—3 Mos.—1944
-
Subsidiary, CompaniesGross
revenues'
S
gross
41,533,759
19,031,956
_______
Operation and
maint—
40,620,601
38,743,033
i.39,721,199
17,490,028
68,082.737
depletion
64,622,350
4,392,592
other
Taxes
♦Fed.
oper.
Other
4,395,518
15,546,344
2,778,450
10,203,597
Federal
8,608,348
tax
8,225,644
rev
Income
Gross
4,427,522
inc._
24,833.225
247,219
income
on
funded
Net
charges
against
before
Balance
Pfd.
divs.
and
interests
108 313
1
1—_•
167,095
Bal. applic.
to corp.—
755,081
3,027.615
3,10.9,207
615,457
2,457,756
2,455,825
The
6,921,191
7,068.186
119,595,071
(net;
27,210
Taxes:
Fed.,
btheri
-
Interest
State
349,893
343,556
1,382,603
1,337,970
for
J
139,737
132,874
729,891
714,610
995,715
995,538
3,976,212
and
$304,912
Consolidated
Cr6,942
Cr47,059
The
Cr34,508
♦The
inc.
net
5,446,857
paid—.
dividends
Consolidated
earnings
provisions
per
for
shown
above
mated
post-war
excess
profits taxes.1
tOf
ended
of
March 31,
,
6,453,640
$0.58
$0.55
taxes
10%
to
1945,
taxes
March
$877,471
the
and
income
basis,
V.
161,
the
for
1944
restatement
the
over
amount
Deprec.,
the
1944,
the
on
12
♦Portion
is
Net
24,548
'
*2,469
5,544
9,332
161, p.
519.842
412,199
119,175
101,102
123,656
36,055
55,441
50,039
V.
Operating
Deprec.
&
Provision
$
6,321,166
95,146,074
82,390,253
1,987 604
2,202,340
25,391,269
24,189,815
taxes:
209,979,717 206,665,980
5,240,798
5,634,151
50,027,641
58,450,182
3.292,403
Interest
3,470,134
39,414,732
41,635,730
1,285,715
on
pfd.
subsidiaries
stock
deductions
income
1,329,673
15,516,041
872.696
Divs.
Net
*$
7,428,069
Gross income
Other
$
928,214
10,816,572
11,527,522
58.989
77,090
1,292,737
1,899,266
>'•
of
_____
1,135,157
1,075,003
_________
16,303,806
-
11,789,382
The
weekly
this
corporation,
output of electric
adjusted
general
show
to
energy of subsidiaries
business conditions of
territory served, for the .week ended May 24, 1945, amounted to
254,416,317, as compared with 241,768,489 for the corresponding week
in
1944,
an
•
increase
of
12,647,828,
5.23% .—V, 161, p. 2329.
or
Community Public Service Co.—Earnings—
Period End. Mar. 31—
Total
oper.
Total exps. (incl. taxes)
profit
from mdse.,
Nor
$628,176
$672,750
30,738
214,876
209,522
$116,816
$141,214
$843,052
$882,272
49,805
79,630
259.780
303,029
I.
$61,584
114,551
•
Balance
-
.
$583,272
$579,243
412,382
366,562
Sheet, March 31, 1945
of
-
-
'*
-
new
payab'e,
ther
tferM
t
line
than
and
Federal
State
$34,297;
and
income
extensions,
interest
accrued
deposits,
State
taxes,
$37,221;
funded
debt,
$75,000;
insurance,
wages,
taxes
on
accrued
income
taxes),
$459,268;
capital
■
■
stock
reserve
($25
$86,129;
accrued
for contributions
par), $5,727,525;
-■
•
in
formation
a
aiv,'
at
amounted
to
cash.
approximately
The
cash
amount
161, p. 1422,
Andrew N.
benefit
Wlnslow Jr.
is
trustee, and which
was
of
by
2
p.
m.
14,120
June
on
shares
11
are
to
the
Second
National
Bank
of
sold,
and
was
$100,000 in the
(&
1943
year.—V.
159, p. 839.
Subs.)—Earnings—
1944
tl943
$5,853,473
charges,
including
depreciation,
after
allowing
' Federal
for
$5,183,820
income
proper
taxes,
reserves
and
the directors declared
25.
outstanding
June
4
stock,
common
dividend
a
$1,
par
similar distribution
A
of
20
cents
payable June
made
was
on
share
per
25
to
holders
March
30,
1944.
compared with 15 cents per share in each
quarter during
holders of the old no par value and the old
$10
51,617
16,340
38,866
20,921
58,569
$4,389,629
Continental Telephone Co.
$1.69
$1.61
$2.87
refund applicable
rate
1945
subsidiary companies—
Other income—
1944
1943
$48,432
$48,371
2,408
J,
$43,034
291
4,722
$50,841
$48,661
$47,756
Operating expenses and taxes
9,246
11,796
14,515
Interest
9,424
9,562
-
Total
,;{■
1
'
Net
to
mil
■
■-1'
income__
of
probably
be
reveal
consolidated balance
a
sheet
dis¬
tribution
from
sales
offices
Chicago,
Horace
In
cities
J4
brands
coast.
to
8,750
3,830
3,830
13.406
$25,506
surplus—
from-sale
Write-off of
of
$20,(539
r
123,977
_
pref.
stock
69,703
i
'
——— •
.
bal.
of defd.
$ll,OR4
189,131
of
138,251
■
expense-
Dr 164.423
Surplus—March 31_
$149,483
$90,342
$174,033
Balance Sheet, March 31, 1915 (Company Only)
Assets—Investments in subsidlary companies, $2,290,308; other in¬
vestments, $230,000; sinking fund deposit under terms of trust inden¬
ture.
$500;
cash
in
banks, $129,626; accrued interest receivable, $1,917;
total, $2,652,350.
;
Liabilities—7%
(M/a%
000;
783:
/
participating preferred stock, $161,900;
stock, $235,700; common stock (par $5),
debentures, series A, due Oct. 1, 1963, $887,-
preferred
20-year 4%%
accounts payable,
$6,933;
■'
cumulative
cumulative
$1,047,350;
$701; accrued taxes, $10,500; accrued dividends,
fund reserve, $6,000; capital surplus, $36,-
employees' benefit
surplus
for
reserved
suvplus, $149,483;
general
contingencies,
$110,000;
$2,652,350.—V. 160, p. 2293.
total,
earned
..
(Crane Co., Chicago—Plans to Retire Convertible Pre¬
Stock—
ferred
,
The
011
a
t
stockholders at
proposal to
special
a
retire
meeting called
the
193,893 shares
convertible preferred stock outstanding.
The retirement would be
through the
The
issuance
of
for June
20
$100 par 5%
vote
will
cumulative
-
'
«
accomplished with funds obtained in part
preferred series at a lower rate, :\
of
another
management
proposes to issue 160,000 shares of* new $100 .par
preferred,.which it,expects will carry a dividend rate
161, p. 2217.
non-convertible
of
and
nationally
less
than
4% ,—V.
famous,
Ore.;
in
board
of
Total
Earnings ,per
The
who succeeded his father as President of Reid
as
President, and Mr. Cummings will
board.
John MacMahon, present Chairman
Vice-Chnirman
...
This
of
majority
wholesale
grocery
and
Marsha lltown,
letter's
Jack
also
continued.
be
Louis
The
Marshall
Sprat,
Seal
and
.
Uncle
stock
which
will
give
the
new
Canning
William
Co
brands
The
will
'
Anderson, who has been executive
will continue in that position.
S.
Murdoch
Marshall
the
and
Iowa,
Vive-President
corporation
ownershin
of
Reid
o'
R*!d
is
being acouired from Armstrong, the Dau estate, Stevens
Reid Murdoch employees
Col. A. A. Sprague,'who has been Chairman of the board of Soraome
estate,
and
Warner-Kenny Corp.,
Grocers Corp.
['
$0,54
directors have declared
will be Chairman of the board of Consolidated
10,
Our
control of Sprague, Warner & Co., one of the
houses in America, whose principal brands
Nonesuch,
both
of which
will
continue
to
be
aggressively merchandised.
In 1944 he purchased the Western Grocer
leading
1944
$14,362,299
$0.68
—
1944.
t
,
A. T. Proudfit, President, at the stockholders'
May 22, stated in part:
it
who
%
——$18,025 802
share
a dividend of 50 cents
per share on the
par $5, payable June 15 to ho'ders of record May 15.
compares with 75 cents paid on Dec. 15, last, and 50 cents on
June
Mr,
1941
1945
earnings
capital stock,
the
become
will
Corp.—Earnings, Etc.—
Quarter Ended March 31—
West1
"continues
1920,
Chairman
Creole Petroleum
Will
Tts
having dis¬
Reid Murdoch operates branches and
has canneries and packing houses in
are
Cummings acquired financial, control of C. D. Kenny
distribute the Kenny Norwood brand.
In July of 1942 he
,
$33,241
2,833
6'/a%> preferred
with
and
Armstrong,
Murdoch
the
Club
Richestcr. Minn.; Ellsworth, Mich.; Salem,
Pierceton and South Whitley, Ind.
IH.;
become
brands will be continued and its sales
competition with the other sister companies.
coast
in
111.,
Co.
$27,303
.
2,633
—
subsidiary
approximately
major
Yacht
and
of
serve
932.160.
preferred
Ciedit
i-
*
will
debentures
on
Balance surplus^
largest
the
_____
income-
7%
.iv
Chicago—Organized—
will
what
—
Dividends accrued:
prior years
Federal income taxes
to earned surplus.—
reduction in
was
charged
com¬
-Earnings-
3 Months Ended March 31—
$7,840,214
.
v:ilf
last,,
value
par
Income—Int. and divs. received from
wholesale that has ever been in existence in
on
May 28 when Nathan Cummings reported
-
direct
Monarch
purchased
,y.
(net),
mortgage bonds, series A, 3%, 1969, $6,000,000;
$175,575;, consumers' deposits, $410,317; unredeemed
$3,303;
of
the estimated
ere to;
remainder
Murdoch's
made
Murdoch,
coupons.
March
headquarters.
Reid
be
liabilities—First
consumers'
342,041
100,000 retail grocers, plus a
large number of hotels and institutions throughout the nation.
The new company and Its subsidiaries1 will operate 52 branches ip
every part of the nation;
19 canneries, 15 pickle stations and seven
grocery processing plants.
Concurrent. with the announcement of this pending transaction, the
company is establishing offices in
the Field jBuilding. 135 South La
Salle Street,1 Chicago,
111., where the executive personnel wiir Wake
of
counts
ended
stock, issued and dated prior to Oct.. 25, 1935, will be
required
to exchange their
certificates, share for share, for the present $1 par
value stock before receiving the dividend
just declared.—V. 161, p. 983.
$7,950,400
$4,602,227
to
announced
subsidiaries
Co.
5
72,855
$4,426,890
deductions.—
corporation
Richelieu
t
$7,608,359
$4,654,332
.
13,239
portion
groceries
were
are
property
(hat
the
for
$12,959,314; investments in sUbliarv
companies, $75,854; miscellaneous investments, $2,611; bank
posits and cash on hand, 5979,873; U. S. Treasury savings note—
ries "C," S130.000; U. S. savings bonds—Defense Series "G," $25,000;
counts
receivable, $337,184;
insurance and other deposits, $3,936;
ventory, $316,762; deferred items. $118,713; total, $14,949,253.
and
$4,354,035
$4,587,868
sh.' <2,728,359 shs.)
per
Chicago,
91,640
$67,010
Dividends
v
3.725,407
$110,476
income
1945,
represented
The
mn.ooo
66,464
operating
their
$4,398,157
46,764
__
Bal. avail, for int., etc.
deductions.
Assets—Plant
$4,916,052
' 4.287,876
$70,052
etc.
Total
Net
944,432
1,106.45.9
Net
.
$1,054,908
$1,176,511
period
mon
4,291,461
assets. in excess ' of $20,000,000 and the component
companies are doine an annual volume of about $100,000,COO.
It and
1945—12 Mos.—1944
1945—3 Mos.—1944
■
revs
The
total
its
kilowatt-hour
May
the
as
4,786,457
—
—
161, p. 2329.
business
11,905,136
Weekly Output—
of
the
all
record
of
3,387,786
negotiations for the
formation
of
this corporation
(an
operating
company) and its acquisition oi majority control of Reid, Murdoch <fe
Co.,
92-year-old
Chicago wholesale
grocery
house.
Mr, Cummings
Will be President and majority stockholder.
Tne company,
which will style itself Canners
manufacturers, im¬
porters- exporters and distributors of foods," will control Reid Mur¬
doch & Co., Sprague Warner Division, C. D. Kenny Division, Western
Grocer
Co.,
Marshall
Canning Co.,
and
Dannemiller Grocery Co.
Each
of
these
will operate
as separate
subsidiaries or divisions of
Consolidated
Grocers
Corp.,
and
will continue to retain their own
entity, as they have in the past.
The
deal,
when completed,
will be an all-cash transaction,
the
amount of which was not disclosed, but it was understood to be the
largest transaction of its kind in the history of the wholesale grocery
1945—12 Mos.—1944
Month—1944
31,
profit
On
on
3,856,906
._—
k »>v;.
„
America
17,627,791
amortization
for
1,028,809
——————
income
equal
Plans
♦7,582
17 948,874
—
expenses
is
tributors
1945
_____
the
2,390.000
998,395
Consolidated Grocers Corp..
,
$
revenue
which
of
June 30,
Previous
40,786
,
1994.
Period End, April 30—
2,668.000
761,619
■
Commonwealth & Southern Corp. (& Subs.)—Earnings
Gross
3,447.000
taxes...
revenues—.
charges
income
m, .u v .»♦
♦11,186
507,929
'
1,004,995
180,631
profits
income
which
*6,349
589,538
i
1,131,464
refund.——
income
♦Represents
$107,054
-
March
excess
profits
taxes,
and
charge-oils.
tRevised.
39.553,408
income
'
-
■
,
income-__
oper.
17,041
'
at
$2,798,200
1945,--V.
the
♦After
$66,384,377
10,209,829
.
rate
Miscellaneous
1942
$127,788
2,864
<'
railway—
♦Deficit.—V.
$122,329
$20,027,287
!L
other
Interest
Net
1943
for
Years Ended Oct. 31—
Mar. 31,'45
amortiation...
&
excess
of
Gross
Ry.—Earnings—
...
statement
a
ended
amount equivalent to $0.25
1941
for
Mass.
all
♦Net
12 Mos. End.
11,443,655
loss.—
operating
Total
adjusted
months
&
taxes
Net
$118,417
From Januarj' 1—
from' railway
Net ry.
restated
for
31,
statement
1945, for the renegotiation of selling
used in the renegotiation
agree¬
Continental Motors Corp.
Earnings—
1944
720,012
fire
depletion
inc.
Other
of comparison,
purposes
been
income
1945
railway--oper. income!
from
have
net
Greenville
&
Gross
Net
For
March
Fed.
previously reported of $0.30 per share.1*-'
from
ry.
ended
lo3s
that
to
The
profit and
Massachusetts Institute of Technology in
offering to purchase all outstanding stock of Continental
Lewiston, Me., at $.125 per share, provided 95% of the stock
of
ended
South
231
$22,509,025
^
Maintenance
years
2329.
p.
Columbus
Net
months
respectively.
April—
Gross from railway—
Net
12
1944, has been increased by an
share
per
$3,096,673;
in
the
and
statements
and
March 31,
1944,
31,
covering prior
$0.30
the
the purchase price will total
$1,765,000.
As of June 30, last
year, Ihe company had current assets
of $1,750,265 and current
liabilities of $964,018, making net
working
capital $786,247.
Net
income was $101,664 in
the 1944 fiscal year
Bank of the
161, p. 2107
-
operating revenues
Oper a ti ng expenses;
have
disposed of certain controversial items.
This has made it possible to
restore amounts previously provided for taxes out of
earnings.
The
aggregate of these and certain other adjustments for the three months,
ended
(& Subs.)
1945
Total
Cleveland
of Federal
trustee,
The Chase National
York, N. Y.—V.
3 Mos. Ended Mar. 31
was paid
to the corporation by the
and dividends during the 12 months
$16,004,228 during the 12 months ended
and
successor
March 31,
1943.
which
21,
for
is
If
Redemption
New
Period-
interest
1944
Co..
at
or
Consolidated Natural Gas Co.
1944.
Note—Settlements in
Trust
&
Broad Street,
11
of Federal
$18,129,665
of
Bank
Street, Chicago, 111.;
$133,669
$0.19
20-Cent Dividend—
for the. periods
credits and esti¬
by debt retirement
National
Salle
for
in
made
comparable
assets
of
tendered
at
City of New York,
...
amounts
31,
La
basis
a
trust,
Mills
is
2329.
p.
$83,878
$0.24
shs.
com.
$1,930,000, representing the proceeds of the sale of
debentures
Boston,
and
company has called for redemption on July 1, next. $2,000,000
outstanding collateral trust gold bonds, 6% series, due Aug. 1,
par and interest.
Payment will be made at the Continental
its
Illinois
13,207,581
6,453,640
_•
profits
excess
reduced
13,553.423
.
—
credits equivalent in the aggregate
in. form
March
5,603,160
share
common
Federal
have been
these
subsidiaries
161,
47,766
399.000
Continental Mills, Boston—Offer for Stock—
A
announced
Consolidated Electric & Gas Co.—Partial
1957.
Preferred
30
generated
48,328
295,000
18,000
$260,259
surplus.
51,294
245,000
$103,593
months ended
March
on
$322,912
18,000
dividends
May
on
(electricity
13.5%.—V.
4,182,681
cm,012
income—
19,312
$580,435
refund.
current
distribution of electricity amounted to 160,400,000 kwh., compared with
185,400,000 kwh. for the corresponding week of last year, a decrease of
and other fixed
charges
Miscellaneous
5,921
$427,206
income
on
450,000
$0,177,000,
7,978
$278,259
declared—.
common
and
_________
f>4,829
taxes
by eliminating
37,700
8.432
that System output of elec¬
purchased)
for
the
week
ended
May 27, 1945, amounted to 161,100,000 kwh„ compared with 188,800,000
kwh. for the corresponding week of 1944, a decrease of 14.6%.
Local
tric Corporation:
:
$561,123
that presented to stockholders May 8,
similar provision as it is not expected that
any
refund will have to be made for
the year 1944.
27,084
37,785
income
dividends
company
tricity
tl9,408.335
expenses
'277561
$421,284
depreciation
Federal
concluded
1944,
Consolidated Edison Co. of New York, Inc.—Output—
Columbia Gab & Elec¬
Administrative
2,425,269
242,183
iI'aa u4' has been 1,evisnd from
1937,
616,328
1
2,372,996
236.880
$402,888
on
011
ment
100.692
138,000
163,500
....
prices
created
minority
——
2,737,806
exps
post-war
thi three
1.9,731
161, p. 308.
24,973,368
741,768
—
gen.
Note—Provision has been
Interest and other fixed
charges
143 894
$3,263,953
income—
♦After
93,639
149,728
__
debt..!
•Pi eferred' dividends
-V.
25,080,444
38,687
'94,197
———————I
on
Balance
202,249
8,438,725
25,391
for
reflects
24,771,119
52,846
8,27.9,288
104,992
$3,036,462
(net)—
for
149,179
23,143
♦Prov.
'
Other
15,458,091
8,385,879
53,644
corporate
11,468,781
$1,089,402
___
Amort, of debt disct., exps. and
premiums
Other interest expense
1
8,559,071
3,825,698
$1,072,958
;
power
taxes
Interest
10,373,647
3.143,201
Dr424
—_
Taxes, other than Federal income..
15,936,919
2,757,112
3,300,754
Fed—
taxes
prof,
exc.
Net
than
income
Dr599
143,705
-
Maintenance
$
Pre v. for retirem' ts and
Federal
113,640
$3,382,402
$1,089,825
:
Depreciation
S
„
1943
$3,120,059
income
Provision
1944
$1,073,558
______
earnings..
expenses
Purchased
1945—12 Mos.—1944
$
1944
$2,931,471
$407,717
and
Earned per sh.
Total
Operating
tne
1945
—
income
Total
1945
operating revenue
income—.—
Other
set-up.
$3,268,763
exclusive of deprec.--
admin,
Profit
Other
Connecticut River Power
Co.—Earnings—
3 Months Ended March 31—
Net income—,!-
..
Sprague
was
returns,
_______
sales,
Selling,
1994.
p.
less
22,800
-
522,300
income.—..
161,
of
new
deal
Wholly Owned Domestic Subsidiaries)
customers,
—
Cost oi
$694,092
351,029
___
Int.
Other interest and misc.
proposed
9,458
subsidiaries
'
Total
income
Total
Vice-President
the
oi
new
allowances, etc.—
Soles to foreign subsidiaries
1,321,040
534,287
_
dividends
Executive
Continental-Diamond Fibre
Co.—Earnings—
Sales
disct., premium (net)
of subsidiaries——
interest
the
been
executive Vice-President of the
announcement
3 Months Ended March 31—-
debt
etc.,
that
cue
corporation will purchase tne uanittinhter
Grocery Co. of Canton. Ohio, which is over 75
years old, and does over
$2,000,000 a year volume.
420,174
5,150
wan
3,514,477
379,911
announcement
$6,498,780
3,774,872
retirements---
account
Minority
Drl8,651
V:
715
>(
—
taxes
and
deprec. and
Preferred
350
etc.—
S. M. Kennedy, who has
Warner-Kenny, will become
„.
1944
earnings—:—
exps.,
for
Interest,,
Net realization on aban¬
property,
;
1945
649,744
$1,436,829
oper.
doned
;
wiiuuivaiicuud
Community Water Service
$42,039,719
inc.-
exps.__
than
.->
.
2441
%
12 Months Ended
March 31—
—
admin.
other
Taxes,
.
oper
expenses
Sell, and
r f
•
$14,838,884 $14,735,864 $43,290,663
(net!
Net
.
total, $14,949,253.
production
of
increased
44%
had
Creole's
year
389.292
net
barrels
1944.
Total
a
crude
o'l
continues
1943.
over
For
to
the
rise,
first
annual
:
even
thought in
three
aged 771,252 barrels
a
day,
a
Creole's
average dally net
was 50.5If of the Venezuelan
o'l.
av/er$ped
three" mopttu
1
gain of 36,2%,
production,
plus
total
first quarter.
the
purchased
rovaliy .pl*,
On
the basis
of
oast
experience, this is a more nearly normal shire of
production than the 53.1% which We* had hi the entire yepr
We
to'al
I9ji4,
continuing to pursue our intensive program of development
and. in the first three months 46 wf'ls were completed b?
are
drilling,
Creole
and
Creole
has
ners
?
this
three months'aver¬
for the first
in
•
1944
months of
production, plus purchased royalty
day, a gain of 16.5% over the first
Venezuelan production
held
meeting
drilled
partners
an
on
interest.
196
proven
Only
development
acre*"*"
one
of
wells in
first quarter Is very close to that
owned
these
all
w-s
of
b" Creole
dry.
1944,
so
or
hn which
Creole and
on*
r-»te
part¬
for the
of the previous year.—V. 161,^,2107.
'V
vU
'Period Ended March
operating revenues
State
and
profits
39,895
$215,696
$281,702
7,878
resumption
The company bas orders on hand
m,
trucks for the balance of the year.
Every
——
before
income
Net
68,848
,subs.~-.
of
Fixed
charges
Piov.
lor
of
Fed.
Total
324
,
—•
324
■
income
expense
,
-V.
161,
Net
1093.
p.
profit
Earnings
Ended
Mos.
3
Gross
income
on
and
Fed.
before
Earns,
State
for Federal income
Reserve
for
Fed.
for
Reserve
income
State
$14,541,096
2,815.400
Reserve
1,960,911
442,000
386,000
466,900
89.010
61.642
27,662
1,248,000
721,000
excess
$1,036,390
$792,269
tax
prof,
tax—
$36,934
-—
Assets—Cash.
and
Sheet, April 30,
from
last
earnings—'
V.
—
161,
————
1769..
p.
ac¬
has.
profit
Inc.—Earnings—
Sons,
and-
".Net
bciore
inc.
taxes,
and
profits
$469,606
$268,985
$231,114
$161,391
depreciation and all other charges.—V. 161, p. 983u
^Aflcr
interest,
$228,369
$221,343
profit—..——
9 Months Ended
after
income
Net
and
taxes
and
State
Federal,
for
Reserve
profits
excess
taxes--—--
foreign
909,300
Total
Expenses
Mr.
ended June
Mr.
30,
The gain in volume was
attributed
mainly to improved processes brought about by technical
research.
Silica gol and sulphuric acid business accounted for the
largest percentage gains.—V. 161, p. 2330.
Corp.—Earnings-—
Delaware & Hudson RR.
Gross
railway-
$4,282,546
from
Nut
ry.
1,102,843
1,110,969
525,317
$3,891,674
1,378,759
1,414.679
838,001
$4,181,456
railway-.—..
762,856
612,317
from
Not
income.
ope jr.
-
1942
1943
$4,070,251
1944
1945
six
taxes
As
sales
Gross
from
from
Net
of
16,389.029
railway
*
14.052,601
4,745,893
4,054.172
4,739.775
1,684,891
3,256,553
2,778,352
2.765,029
been
long
the
,
and
all
from
1944
1943
1942
$6,425,617
1,756,675
to
the
all
691,867
24,840,065
Net
from
Nut
ry.
—V.
railway,..—..
25.789,777
25,944.344
21,956,863
.6,665,752
railway—.
4,991,043
6,612,309
9,104,783
income.—
2,041,990
2,685,564
4,184,801 "
oper.
161,
$331,328;
dends
receivable
receivable
capital
own
Rio Grande Western IIR.
2,249,823
1,175,277
3,057.842
April—
Gross
stock
Gross
Nut
.
ry,
Gross
t
ry.
$6,306,404
$5,575,877
$5,902 193
railway—-..
1,777,836
2,760,726
1,248,780
760,290
1,425,735
1,525,031
1,000,364
railway..
railway..—
23.456,146
22,427,744
21,942,736
12.988.011
8,203.504
7,201,546
9,572.319
4,011.602
income.
4,162,709
4,511,551
5,469.693
2,974.805
income..
oper.
Net.
from
N't
ry.
—7,
oper.
161,
p.
2330.
from
Nut
from
N it
ry,
railway—.
Nat
Net
from
front
ry.
railway—,...
railway
$80,388
$77,035
$72,309
11,768
12,126
17,497
5,133
2.761
10,364
319,022
304.443
310,427
274,507
oper.
The
ry,
paid
on
New
porated.
52,108
7,709
66,698
35.847
15,954
June
1,
York.~V.
1,
1944,
1945,
161,
on
at
p.
the mortgage 4%
of
J.
P.
Gross
from
Gross
Net
from
Net
ry.
N' t
from
Net ry.
Net
ry,
—V.
bonds, due
Morgan
& Co.,
ry.
Gross
Jan.
from
Net
from
Net
ry.
NK, ry..
oper.
from
Net
ry'. oper, income
—7.
161,
railway
p.
has
and
assets
291,538
302,761
188,342
207,209
1943
$230,300
$200,000
80.346
71,593
1942
87,331
38.965
1,283,900
835.900
751.200
437,267
239,226
231.524
"'5,737
181,585
80,210
The
Y.
The
of
the
Defender
du
Pont
3.363,291
3,514,453
3,040.849
1.545,072
1,853,789
1.389.350
996,185
741.305
personnel,
fender
it
since
V.
Eason
becomes
of
1654).—V.
p.
Oil
Photo
Defender,
transfer
Co.,
continued
Department
Dudley
of
Inc.,. of
by
the
with
Field,
hearing,
1943
1942
$362,648
$347,046
$360,290
$365,301
168,667
193,242
190,636
56,977
58,366
78.023
gen. expenses,
deprec.,
Karl
division
of
T.
De¬
Molin,
manager.
1.630,744
1,670.588
1,634,920
877,795
923 934
976.001
845,404
246.497
258 568
371,038
311,198
,,
1995,
depletion,
Int.,
President,
deprec.,
including
etc.-—_
JOaq
•-V
;...
__
$163,519
$243,854
$262,799
92,362
74,278
150,117
48,228
51,653
41.536
54,469
on
May
24
stated:
i
profit——
Includes provision
$99,839
$47,706
$53,212
5,003
9,537
3,505
$105,823
reports of the company for the fiscal
year ended Oct
31
1944
examined
by the War Contracts Price Adjustment 'Board
company has been advised that no
renegotiation refund will
icquested.
In view of the preponderance of civilian
business, it is
bj
d
been
the
$57,243
$104,842
+
+63,630
70,344
$35,479
$41,212
for Federal and State
$82,233;"
ables
in
banks
inventories.
and
other
and
$60,831;
investments,
taxes
1944
2i87L82()
4'/2%
011
011
prior
stk.
pfd.
1,108,729
1,108,723
$2,315,705
6%
pfd.
$1,947,483
$6.19
divs._
$5.21
stock.
30
instituted
Necessary—
administrative
proceedings to deter¬
of
Koppers Co., Inc., .of
voting power redistributed
company,
a
subsidiary
be reorganized and its
the proceedings,
of
officer
of
tlje
particular
the Coihmission
Commission
attention
who
to
corporate
structure
structure
or
of
the
if
directly
43.1%
of
through
or
two
1Kb)
classes
14
wholly
sale
of
common
and
the carrying on
surplus
avers
arrearages
certain
ql
and
coal
$2,903,602 in excess of. their
acquisition; and that intangible assets
rooTrftL
alK'
$.>9,919,530.
The
i
surplus
^
excess
the
/
Commission
ol
The
-
\v,ing
a
that
common
thus
stock
on
the
to
as
the books of Eastern
stock
of
raised
to
equitv
classes
of
of
the
preferred.—V.
ratios
preferred stock
pointed out.
ratio of bonds,
the
the
SEC
basis
45.1',
the
60.4'i,
and
respec-
and,
as
surplus deficit
deficit
ot
50''
of
5.5%
ol"
earned
Eastern, the SEC
to arrearages 011
50';
the
for
consolidated
a
be
the
to reflect
such in¬
for Eastern
adjusted
eliminate
to
surplus,
~iT
$21,893,981
be
were
and
adjusted,
and
stock
common
remaining
two
As
would
iT, vo;.lng Power, due
the
the
would
would 1)0 a consolidated
while
carried
are
on
for the' b°nds. 51.2%
stock
$43^22 008
Eastern
arrearages
common
added
preferred
,
of
its subsidiaries
cost.
=PCOme 38"3^
for
1 ft
10.5
ami
deficit
Preferred stock
and
tangibles
and
tho
of
investments
on the
dates of
that
stock;
properties
book .values
reflected
However,
$12,000,000
—
than
Eastern and its consolidated subsidiaries,
coml)any and
#
ui
28.6%
or
37.7%,
or
•
earned
u?k-iu
bond,
$62,051,100,
preferred
mining
at
the
33.76 ;
by
evidenced
of
more
the
operations.
related
as
or
is enin
the conversion
distribution and
the
of certain
are
which
subsidiaries
coal,
$55.4')7..000
there
taken by Eastern
the. Act.
Eastern,
Eastern,
$47,042,166,
that
Eastern's 6%
on
commercial
of
and other products,
to
order
s
correct;
unneces¬
or
corporate structure
be
owned
aggregating
stock
Lcmmlssmn
the
bituminous
and
surplus of
the SEC, includes
preferred stock
of
and
undulv
to
(2). of
stock
capitalization
according
the
and
or
required
voting
its
gas
products and
The
the
transportation and
oj suchsuch into coke,
coal
sale ot
.
be
requirements of section
owns
at
matters
inequitably distributes
Eastern's
holding company
should
any,
preside
true
are
Eastern
unfairly
Richard
ordered
will
foilowing
the
allegations made by the SEC
the
action,
production,
asserted,
has
now
preferred stock dividends,
voting power is distributed among
161, p. 1996.
with
Board
43,140
38,756
which
$17,961
taxes of $27,404
in
on
May 25 that
it
applicants
for
operated
being
bullet
core
the
steel
sale
of
the
Eaton
Co.
Any
of
by
rods
a
the
in
steel
war
possible
other
23.
the
In
the
property
square
\,.;
steel
negotiations
plant
can
production
building,
of
contains 27,522
feet.—V.
Massillon.
with
interested
this plant
persons
with
RFC
Cleve¬
Ohio,
before
the
.
sale
from
main
of
or
Cleveland,
>
event
released
at
Manufacturing Co.
program.
sale
person
property should communicate
Federal Reserve Bank
Building,
1945.
that
plant
Eaton
the
purchasing the
agency,
the Surplus
by
and producers
ready to enter into negotiations
is
E already has discussed the
,
.
on
now
is
production of
officials
is
to Sell Plant—
Corporation, designated
disposal agency for capital
the
as
mteiestcd
Ohio,
n
Cleveland, O.—Govt,
Reconstruction Finance
goods, announced
$56,717
$14,103
,
income
161,
p.
successfully closed RFC empbf,;
be possessed by the
buyer as soon as
of
war
equipment.
steel
square
are
frame
feet
construction,
and
occupies
a
of
land
the
MassilRu
site of
52.19'
of
client
1769.
1943.
Balance Sheet, March 31,
Assets—Cash
1945
$15,751,842 $15,757 580
profits
$3,056,212
the
meet
sizes
1945, $20,606 in 1944 and $7,052 in
The
ai
for
placed
passenger
$3,424,434
the
scope
What
The
Mich.—Earnings, Etc.—
in
1423.
power
among
security holders of
system and, it so. whether and in what
manner
cf Eastern should be
revised:
,!i*
$98,844
+
flying
be
5,119,583
the
Pioperty
1"40
depl., etc.,
taxes-
be
by the
overhauled
Associates—Earnings—
taxes
direct
land
1,525,469
161, p,
returned
and
share
passenger
these" will
of
will
DC-3
2,364,929
May
an
June
,
nine
;per1
cents
5,460,908
should
complicates
The
1944
6.978
etc.
all
first
voting
"
hsve
on
to
(See
120.379
—
l.and
1.—V.
converted
The
97.2%
discount
Whether
changes
prof, before
oper.
deplet,
Other income
completely
and
yetiiikvaiiable
11''
are
2330.
$267,451
<
figures
depletion
Whether
(2)
Defender
no
55,155
Net.
passenger-miles
No
questions:
in
1944
SEC
the
Roch¬
President
and
manager
1945
sales and service
Oper. and
the
for
Supply
assistant
revenue
system.
excess
Eaton Mfff. Co.,
income..—
oper.
of
p.
revenue
among its stockholders pursuant
to
the corporate simplification re¬
quirements of the Public Utility
Holding Company Act.
At
the same
time
the Commission set June
26
for
a
hearing at
which Eastern will have .an
opportunity to prevent evidence to refute
a Legations
contained
in
the
hill
of
particulars and in support of
its answer, which must be filed with the
SEC by June 12.
Without
Co.—Earnings—
3 Mos. End. Mar. 31—
Gross
L.
division
161,
be
will
Products
announced.
was
1923,
business
Photo
in
4,709,960
State
whteher
Pittsburgh,
anct
negotiations
62%
1945.
SEC to Determine If
Reorganization Is
83,887
Defender
to
4,501,571
Earned per share of
34,860
910,200
the
of
now
June
requirements
before
noons
1944
completed
of
1,649,037
in
Net
Nicol,
387,917
1878.
p.
Vice-President
Divco Corp., Detroit,
Jolm
1,176,300
195,216
161,
company
Division
170,635
railway,..—
Net
1,245,793
292,297
income....
161,
income
Bal.
books,
147,545
.
Capital
income
96,914
$371,100
railway
former
railway.—
from
121,706
83,903
""14,740
also
From Jan. 1—-
Gross
109.315
82,424
1,451,729
the
as
air-irave!
of which
liabilities were
Current
increase
an
completed.
being
and
debt
1—
136,226
,,
90,542
30,860
railway....
oper.
N.
ester,
1945
railway,.
1942
(E. I.) du Pont de Nemours <fc Co., Inc.—Acquisition—
Incor¬
Detroit & Toledo Shore Line
RR.—Earnings
from
Net
$340,177
1945
railway
railway—
oper. income
Net
Cost
Net
1943
$334,552
from
on
CAB
of
$23,000,643,
were
income
and
and
Koppers
$189,000
from
Net
the
operating
32
Douglas
liners. A"Nine more have been
cargo
now
income
Interest
ividend
255,518
April—
1944
$345,870
April—
Gross
tor
(3)
1995,
lpl, p. 1995.
Gross {from
1996.
Winnipeg & Pacific Ry.—Earnings-
209,841
848,714
119,471
192,027
374,426
907,556
597.301
1996.
p.
3.564,945
railway,,—,.
income
2,500,088
"■2,690,230
income
oper.
161,
164,386
oper.
"'1,488,515
263,533
291,621
'
4.347,640
"T,842,514
railway.
$645,139
.182,690
1,885,436
"'683,845
1,371,794
showed
April,
is
about
Depreciation
1,828,245
railway.....
$786,762
263,767
"'12,540
"'1,086,481
.
the
6Vi',r
effective
by
$15,194,330.
34,500,000
company's
consolidated
Tewnseud,
1942
1,299,450
3,781,614
in
of
average
holders
to
12 Months Ended
April 30—
limiting the
1943
139,977
$730,878
income
1
134,170
1942
railway..—,—
oper.
From January 1—
Gross from railway
$46,-
,
Ry.—Earnings—
1944
4,313,578
taken
been
discounts
of
assets
were
for
service by Oct.
cargo
The
RR.—Earningss.
,
2,083,581
income
1943
$696,974
mis¬
total,
$412,177
1944
railway—...
and
two
are
service
1—
from
This
1945
$1,847,294;
accrued
and
$9,008,078;
2,067,953
railway
Jan.
from
Net
1995.
Ironton
April—
surplus,
and
state
cents),
118.502
railway
business
Detroit Toledo &
stock,
25
(par
for
payable
1,532,759
.
an.
also .became
has
current, assets
April
trips
express
the
on
sarily
161, p.
"'Deficit.—V.
office
and
the
$13,-
2,350,824
income..
oper.
From
33,573
8.743
charges.
1945
from
from
1, 1944 Interest—
interest clue Dec.
be
38,781
income....,
December
wiil
L
in
divi¬
$3,356,718
railway..—_
.1942
1943
1944
6,479
,
$48,130;
$1,308,569
income.-
oper.
Net
"*
Gross
stock,
$3,087,358
.
the
accounting
revenue passenger-miles and 70%
in passenger
April, 1944,.
Approximately 66,000.: revenue
Air-Lines
and
service
from
$4,130,352
_
1945,
1,
announced, the first dividend of 50
paid to holders of record, May 25 on June 12.
planes
applying
-
.
pay
that
situation
previously
be
Eastern
in
14,231
income..-.
From Jan. 1—
of
basis
deferred
capital
1945
railway.
Duluth
$83,265
railway
oper.
earned
this
com¬
mail
with
carried
were
and
Dividend
the
on
capital
stock
the
air
1945
30,
$31,781;
Federal
309.
p.
April—
Gross
Detroit & Mackinac Ry,—Earnings—
Gross
for
capital
for
Government bonds.
or
that
in
scheduled
mail
As
Duluili South Shore & Atlantic Ry.- -Earnings-
V.
1945
to
While
confident
conservative
——
purchased, $45,445;
$152,345; accounts payable
$35,090,497:
railway-
from
From
April—
April
determined
accrued,
purchased,
railway
from
ry.
$3,591,398
2,506,342
from
it
taxes.
securities
•/•
oper.
Net
From January 1—
Gross
At
the
of
From January 1—
Net
N
for
mine
for
$24,298;
161,
.
from
1942 "
1943
railway.—
from
from
interest
provision
taxes,
from
Net
-Earnings—
1944
.
Sheet
cost
relieve
to
as
so
5%
of
current
income
of
May
on
action
1945,
net
compared
passengers
of .all
to
1945
.
income
Intention
the
is
provide
is
surplus
Prov.
investment
distributions
dividends
subscriptions
on
and
$18,357;
expenses,
cellaneous
'"Deficit.—V.
Denver &
of
it
make
pet-
Ricken-
appreciation.
414; total, $46,186,314.
Net
April—
Code
to
discount
in cash
announced
Total
regulated
to
64',
and
income for
for such
on
deduction
unrealized
net
reduced
Eastern Gas & Fuel
taxes
any
expand¬
was
„
2330.
p.
and
Federal
at
of
relating
Revenue
form
has
nor
amount
such
as
for Federal
1945,
provisions
the Internal
qualify
substantially
Nci
from
$467,533
first costs against first sales, $42,071,335; cash held by Guaranty Trust
Co.
of New
York, trustee, $3,690,325;
receivable for securities sold,
$6,097,095
1,743,906
832,385
$6,971,627
2,621,469
1,263,886
which
tOf
$1,141,264
1,310,710
distributions.
dividend
taxable
as
losses.
made
30,
Balance
From January 1—
Gross
and
the
security profits in
or
received
Duluth Missabe & Iron Range
1945
railway—-Net from railway.—.—
NM. ry, oper. income.
1,250,591
April
present
companies are in
RR.—Earnings—
$6,638,989
from
1,248,148
has been
ended
made
as
186.314.—V.
April—
176.587
$1,031,321
profits
provision
months
capital .surplus,
Delaware Lackawanna & Western
G'.oss
15,403,800
17,184,396
3,453,802
_.
187,606
$1,055,902
securities
Liabilities—Payable
railway
211.344
fl,444,284
security
corporation
From Jan. 1—
Nit ry. oper. Income.
—V. "161, p. 2330.
'
$1,307,173
165,909
$968,392
Assets—Investments
April-
$1,207,909
and
equitable,
to
reinstatement
miles flown, 7S9t
to surplus arising from sales of investments.
Note—No
the
the preceding year;
increased over
$1,243,508
the
to $17,762,339. the highest in the company's
history.
Concurrently with issuing, the quarterly ' statement, Captain
273
declared
"•From
renegotiation of war contracts for the fiscal year
1944, has been completed and no refund was required.
revealed that output of virtually all products of the
Hockley
company
2,39.)
—_
(Excluding
said
Hockley
7,005
income
charged
comparable period.'
the preceding
in
sales
and
Army
tNot
$826,950
$1.61
———
—
29.365
income
tuxes-—
$845,320
Ernings per share on 514,134 shares—
$1.64
Net sales during the nine months ended March 26 increased 24%
ovei
the similar period of the previous fiscal year, Chester F. Hockley,
President,, has announced.
This came on top of a gain of 2571 in
profit-——
$1,277,535
32,414
Board,
and
sound
further
31,
was
will
$1,754,619
Dividends
Net
$1,173,096
38,658
1944
1945
$3,002,100
2,175,150
but. before
charges
$1,197,845
Interest
(& Subs.)—Earnings-
March 26—
1942-
1943
1944
1945
31,733
pounds,
proposed reductions in
advisable
were
No
March
at
revenues
$1,136,578
divs.
proceeds
while
rose
x
$1,179,736
cash
'"■Net
Davison Chemical Corp.
As
I
11,426
Income—cash
is
round-trip
$7,806,293,
surplus, $1,159,492;
Shares, Inc.—Earnings—
to $5,872,929,
to.,.5,342,600
the
Aeronautics
it
proposed
s
$19,476,110
taxes,
6'Mos. End. April 30—
.
figures.
fares
date.
backer
Dividend
Net
$1
cards.
107,594
238,492
372,60.3
449,404
taxes_,„,__—
income
share), $225,000; capital surplus, $141,199; earned
total, $1,886,734.—'V. 161, p. 983.
excess
income
Fed,
Federal
1942
the
same
Eastern
taken
loss
and
Civil
made
Passenger
payable, $138,600; accrued payrolls and other
general,
excise and withholding taxes, $35,114;
$149,204;
coraomn
stock
(par value $1
per
$38,124;
expenses,
1943
1944
$600,972
1945
$6r/0,747
has
40%.
opposing
the
by
it
Liabilities—Accounts
Cushman's
16 Weeks Ended April 21—
vigorously
position
due
reserve ot
(after
inventories
material
$38,805;
?
$539,672; property, plant and equipment (after reserve of
depreciation of $167,503), $459,534; prepaid taxes, insurance and ether
items, $32,112; patents (at nominal value), $1;.total, $1,886,734.
$602,459
to
was
increased
carried
is
"suggested
$15,336),
Net
increased 54.91
revenues
practice
Government securities, $35,228;
reserve of $1,000),
$160,389;
S.
$0.47
(amounting
year.
pany
1945
(after
receivable
contracts,
war
U.
$620,993;
notes
v".'-'"
\
taxes
tRevised.
1945).
mile expense
Mail
Balance
counts
$0.16
charged to cost of
have been
amortization
profits
excess
1943
$278,296
$0.30
reduced 17 % to G3p..
In the quarter covered by this report the company's planes carried
172,000
revenue
passengers,
an
increase of 82,000
over
1944, and
94,323,361 revenue passenger miles were flown compared with
53,607,665
provided in
as
and
income
(1944
$178,520
.over
revenue
$0.77
40%
surtax rate of
normal-and
and
1,097.022
taxes,
$175,325
18,388
.
ing fleeet of planes flew $5,729,626 revenue miles, an increase of
1944.
Operating
expenses
increased $1,006,603, < bat the
79,804
law.
Note—Depreciation
sales and expense, '
taxes
—.
152,625
116,883
—
—
-1943
$17,519,457 $16,709,651
revenue.
tax,
income
combined
on
1944 Revenue
1944
1945
Mar. .>31—
operating
general
-share—
per
"'Based
Publishing Co. (& Subs.)—Earnings—
Curtis
Federal
Operating
,
.
1945
$446,091
$0.76
—
shaie
per
"After
$135,126
$277,824
$195,167
$149,034
633
$444,833
-
for Federal
Provision
surplus.
profit'——'
Earnings
$134,443
2,803
Admin., selling, advertising, service and
excess
profits taxes of company
Balance,
$442,030
Inc.—Earnings-
Eastern Air Lines,
Quarter Ended March 31—
"'Net
-
550,000 in
167,940
and
sales,,
of
Gross profit
Miscellaneous income
company.-
income
1,158,657
517,312
$446,088
$195,167
$149,358
1944
$651,755
320,534
89,120
.
Cost
employeees, $948;
accrued
liabilities,
ir.
$1,600,697
_'i__——.
sales
.
ferred stock dividend
to
Tnr,„
) 945
charges
fixed
of company—
" payable,' $3,800; accounts payable, $73,216; pre
payable April 5, 1945, $5,501; due to officers and
Federal and State income taxes, $76,942; other
$17,597;
$1.50 cumulative
convertible
preferred
stock (par $20), $300,000; common stock (par $1), $460,520; paid-in
surplus, $1,653,587; earned surplus, $188,150; treasury common stock
(150,692 shares at cost), Dr$852,502; total, $1,927,759.—V. 161, p. 1^5^
Liabilities—Note
of
payable June la,
share has been declared,
record as of June 5. 1945."
1945, to shareholders of
$766,623
$284,287.
$218,206
—
deductions
income
Total
increased.
nov
—
income
allocation
the
effoit
"A dividend of 25 cents per
.
Net
Gross
1
,l11^1^ tSn
L itini made
made
is being
tion.
-
have
35,595
income
,
$758,744
2,585
66,864
.2,474,096
258,116
income
incomer—
Operating
Other
700
638,719
subs-,.'!-.--
of
taxes
.charges, $5,209; total,
the present fiscal'
of Divco tiucks on
in th first half of
of civilian production
"Earnings
$3,530,851
$954,374
—
Operating revenue deductions
Taxes, other than income taxes
Prevision
for Federal
income and
excess
$973,911
625,012
66,497
2.51C
Total
of $1,725,431), $1,031,692; land, buildings and
equipment not Jused in business, (net ), $142,158; prepaid and deferred
$1,927,759.
(after depreciation, etc.,
renegotiation in the
will be subject to
1)1
1 i Mos. '$4
1945—3 Mos.—1944
expected that the company
not
(& Subs.)—Earnings—,
Crescent Public Sejrvicc Co
Monday, June 4, 194s
FINANCIAL CHRONICLE
THE COMMERCIAL &
2442
hand.
investments,
$80,231;
Ebasco
1945
$258,441;
receivables
$265,964;
property,
plant
deferred
and
For
(net),
receiv¬
equipment
the
operating
of
Services
week
ended
companies
American
Power
of
&
Inc.—Weekly Input—
May
24,
Ebasco
Light
1945.
the
Services
Co..
Electric
System
Inc.,
which
Power
&
inputs
are
Light
subsidiaries
Corp., una
,
Volume 161
Number 4391
THE COMMERCIAL &
FINANCIAL
National Power & Light Cp.. as compared with The corresponding
%vqek during. 1944 were as follows (in.thousands of kilowatt-hoursi
President.
win
Increase-——
.
Operating Subsidiaries of—
1945
American Power & Light Co.170,240
Electric Power & Light Corp.___„
89.645
Na^' vial Power <fe Light.Co.—,—
99,415
*
' ;
Decrease.
comi^nifca
figures
do
apHC-amig in
i»w<-
;
Amount
Pet.
163.715
0,525
.'4.0
92.938
*3.293
1,376
1.4
.,
not
include
System
161.
inputs
of
2331.
p.
1943
1942
railway—-
$2,637,325
$2,731,037
876,077
439,154
762.725
1,063,446
income.--397,122
110,939
139,654
'384,43/
oper.
railway
from
ry.
—V.
income.—
oper.
1878.
161, p.
11,217,974
11,038,635
a
division.
2,987,131
3,794.855
500,949
1,248,342
954,407
-
May
1,.
1945;
due
May 1. 1965.
Convertible into
the basic conversion price of $4.0
at
company
Operating
Operation
(Texas)
Mos.—*19441,
$314,164
$3,889,082
109.672
102,596
1,286,323
13,477
188,519
179,638
24,370
24,070
289,493
287.163'
82,257
76.609
845,211
792,758
32,184
30,619
374,684
revenues—
$67,833
$65,792
$904,850
$826,233
(net)—.
124
Dr 1,949
32,816
OrlO.439
taxes.—
income
taxes
Paying Agent—National City Bank
$3,752,362.
■
Net-
oper.
income
4
a
debentures,
.
5'v.
370,498
cumulative
f
Intei est
567 955
—
stock
18,373
---
21,569
251,836
259,921
$42,273
$685,830
$555,872
requirements
div.
Pref.
67.501
of
sold
properties
Dec.
ot
such
V
Erie
RR.—Earnings
.
1945
April—
Net
Net
ry.
1942
$13,515,293
4,097,111
5.572.104
4,220.689
1.378,770
1,337,786'
2.038,836
2,165,903
income...
cper.
1943
$12,859,236
3,491,524
railway--
from
1944
$12,545,414
railway—
from
Gross
11,188,337
From Jan. 1-^-
Net
from
Net
ry.
49,218,778
railway
53,516.837
50,117.658
40,420,220
12,307,687
railway
from
Gross
17.424,729 '
19.611,315
13,601,481
6.808.027
6.602.490
5,705,638
4,980,242
income...*.
oper.
5'/
Exchange
Stock
authorised
has
first consolidated mortgage 3Vb 'U
900.000
the
listing
$33,-
of
Jan.
2000.—V.
1.
161,
bonds, series F, due Jan. 1,
bonds, series G,»
2331.
p.
-An
investment
banking group headed by Hornblower
& Weeks and Kebbon, McCormick & Co. on May 31 of¬
fered .122,500
shares
common
share.
$5)
(par
$14,375
at
per
May
on
1945,
28,
the
Under
.
the merger
of
terms
normal
dividend
A
such
oi
authorized
declared
Nov,
-
22,
...
like
any
m
no
In
during
expenditures,
the
proceeds
of
specific decisions
application of
with
other
for
it
which
the
expected that the
approximately
treasury will be re¬
funds of
ihe
the
company
same
for
company
to
as
be
may
used
further
plant improvement and expansion, for
acquisition of additional ma¬
chinery. equipment or other property, for. the payment of
liabilities,
including Federal income and excess profits tax "liabilities, and for
proper
corporate
Company
1910
and
and
has
fountain
manufactures
organized
in
Delaware
in
pens
use
best
sharp
trade-name.
known
"Skyline",
repeater
its
present
since
name
1940.
Company
pencils,
approximately
A
products
and
manufactured
"Fifth
which
Avenue"
sold
are
all
in
by
the
fountain
parts
company
of
the
Evershnrp
United
States
by
10,000
profitable
volume
of
joint:
and
company
exclusive
Eberhard
license
to
Faber
Corp.
manufacture
and
have
sell
recently
a
obtained
type
pew
pf
a
writing
instrument,
holders for sale at $5.16 per-share.
consummation
The
stock have the .option of exchanging
Eureka stock, ot receiving cash payment.
the plan and agreement of merger was con-
Williams
share
one
of
of
Purpose—The proceeds will be used to pay the purchase price of
purchased from Mr. Williams and the other stockholders
the
of
shares
the amount leomred to
pay for such shares, the excess will )oe usfcd to reimburse the comjjjrn*!
treamWy for expebses conheci/fed witn \de merger anu to mciease
Williams
If. the proceeds exceed
Oil-O-Matic.
■
working capital.
.
Outstanding
"600,000 shs.
§5)--^——
(par
pointed
from
Biro,
the
now
the
nen,
feeding
have
agreed
500,000
resident
a
viscous
writing
amounts
r456,070 shs.
shares by charter amendment on May 28,
1945
tNot including 33,699 shares held in treasury.
Tnese figrures are
based upon
liie?• issuance of the shares now offered and the 91.6.-1
shbres to be issued in pursuance'of the plan and'agreement of meigei.
Increased
J.
cipal
Authorized
*
Laszlo
Alex.
Whipple
&
Co.,
&
&
Dillon
several
which
Selling,
dependent upon any patents held by others
During the fiscal year ended July 31. 1941, the company entered
info defense and war work.
Its first, defense contract was for gas
■■
the
its-dealers
problems
a
respect to
with
furnace
unit
burner
(for
warm
air hearting systems),
Co.
William's
products
owns
but
a
none
of
important
materially
them
patents held by others.
Williams
has
been
engaged
any
and
/
_
is
-
d
no
l.
350,000
Stix
-<iul
H.
&
Davis
&
&
Co.—
Co
—
Remphill, Noyes & Co
JLne- Webber, Jackson
Curtis
H.
Co.-—
—
Revnolds
10%
Shields
10%
Wertheim & Co..-——--.
10%
Ames,
Julien
Collins & Co
&
First
& Co.
of
Michigan
Profit
—-
-
J® %
10*.
10 *
—
Burritt
will
continue
with
»
the
newly
Corp.——
enlarged
company
M.
of
Income
and
taxes
&
Gross
Net
Net
*
Simon &
&
Co,—
Feb. 29, '44
Feb. 29, '43
3,526,577
end
2,739
$138,51fi
105,89b
Co.—Earnings—
and
Match
31,
1915
income
of
fiscal
ended
Sept.
30,
1944,
of
Tens
November,
1944
23,633
824
1,223
*$527,711
$512,12:)
—145,000
150,001)
$382,711
income
on
$362,129
income.—^-.
approximately
18.44 production,
5%
1945
Federal taxes
4Includes
Net
18,554
shipping product produced by lessees—
Net, income after depreciation
♦Net
ntfc
a
Co.—Earnings—
produced
of
for
year-
showed
companv
$886,225.—V. 161, p. 1201.
was
Mining & Smelting
concentrates
Provision
to
equal to $1.97 per share on 297,$88 shares.
that time, prior to the sale of a
$2,000,000
at
debenture issue in
431,906
subject
year
capital
Federal
excess
2.97,588 capital shares
—$1.65
at March 31 was $3,360,000,
on
$586,939,
working
and
r—2—
per share
the
profit
$80,000
of metal premiums applicable to
and year-end adjustments.-—V. 165,
tBefore depletion
p. 2332.'
Fidelity Fund, Inc.—Asset ValueNet
17,744
27,097
$5,444,811
$1,562,908
$1,015,521
74,961
46,178
$5,583,422
$1,637,869
293,652.
31,
1944.
$21.34
to
This
The
$23.96,
and
192,024
.
196.100
783,900
Interest
other
$1,009,148
$465,844
$571,420
69,528
69,528
Net
28,
1945.
were
Fairbanks Co.
215,087
addition stock
tin
Sheet,
demand
notes
58,479
dividends
of
Feb.
deposits,
28,
""Operating profit.!
Deprec.
of
plant
intangible
total,
(trade),
assets,
$1;
$8,314,237.
$816,991;
other
accrued
assets,
period
taxes
477
—
of
$30,830
-
30,216
capital
income...-——
——
dividends
(excl. of 5c.
per sh.
Undistributed income March 31,
Balance
stocks
on
bonds,
$793;
5,3!'4
.....
chgd. to paid-in surp.)
4 l,54t»
selling
sale
Sheet,
March
$21,8*5
31
1015
priced at market quotations (aggregate cost
$6,084,790; cash in bunk, 5184,746; dividends
account
for
1945.—
ex-dividend,
$21,024;
receivable for sale
of
capital
stock
accrued
interest
liabilities,
liabilities,
5%
stock
on
securities, $12,061; account
the company, $79,171; other
of
payable for purchase of securities,
$110,614;
payable for purchase of treasury shares, $1,705; other account:;
$5,526;
($5
income,
provision
for
$1,409,945;
par ),
$24,895;
excess
of
State
and Federal
taxes,
capital
$1,375;
paid-in
surplus,. $3,909,666; undistributed
market values over cost of .securities
quoted
1945), $918,868; total, $6,382,593.—'V.
Firth-Sterling
Steel
Earnings,
before
Net
for
Year
taxes..
Ended
—-
Federal
and
161,
p.
1424.
Co.—Earnings—
State
Dec.
1911
31,
——... -
income
profit—.—
taxefc
—
„..
$1,363.265
^
—
916.5(H)
—
1942
$231,104
$287,837
$231,862
9.725
9,372
10.338
The
net
Crl.4°3
Crl 366
the
ratio
close
of
current
the
of
163,600
218.000
175,000
t$60.?.24
$60,865
$48,611
administrative expenses and
assets
year.—V.
from
ry,
thf-
included
was
3.96
to
1
at
j
Earnings—
1944
1943
$3,145,944
1,702.298
905,665
408,592
373,744
953,251
733.811
12,446,177
12,779,235
U.993,185
railway——5,585,915
income
2,315,012
6,363,683
6.449,003
2,592.639
2,887,072
3.692.492
2.033,584
heard
arguments
1942
SI
.84)1,866
1—
railway........
Hearings
under
161,
p.
on
6,370.322
Reorganization—
Commerce
against its
matter
rule.—V.
not
1,598,000
Interstate
and
owned
100%
$3,186,203
.
oper.
ICC
liabilities
is
1945
from
Net
(a
$3,829
$2,869,595
1,211,336
Jan.
Net
Corp.
to
2332.
East Coast Ry.-
from
railway.—.
Net from
railway.... 1—
Net ry, oper. income.__
Gross
current
p.
34.11
—
Alloy
amounted
to
161.
April—
Gross
Commission
on
May
29
plan for icorganization of the
advisement, with no
indication
It
company.
of
when
it
tot*
wouitU
1997.
Food Fair Stores,
Inc.L.purchases
Plant—
corporation has purchased a meat-packing plant in Elizabeth,
Regal Corp,, which will enable the Food Fair company to
mere
than
double
it*
/hte'"'--~
capacity, according
to
George
Fricdiand, President.—V. 161, p. 1771.
The
N.
selling,
which
$446,766
.
divs
Carbide
America
for the period
above figures.
The
the
Crl,163
111,200
of
profit
subsidiary)
9.414
Cxi.700
^——.—
Earnings per common share alter pref.
The
1943
$58,069
de¬
of
Liabilities—Account
for
1944
After charging manufacturing,
per
accounts receivable, $10; total, $0,382,595.
account
and
.
the
for
and State
tax
$66,441
From
$177,294
charges tnel)—1
(Est. Fed. income taxes
11.163
....
capital stock
receipts
senting
bullion,
1°45
equipment
1,037
...
of period
from sales (less portion of cost of re¬
stock allocated to income, repre¬
payments lor ,participation in per share un¬
of
Florida
gold
Subs,)—Earnings-
3 Mos. End. Mar. 31—
$41,433
...
....
-
purchases)
1945
$676,611;
receivable
$455,167;
payable
(&
—
$42,470
paid.
Balance
$1,092,110:
current
securities)
on
:
for Federal
income
from
1915
Undistributed income at beginning
68*528
1178,968
and
$25,000;
losses
-..
bonds
.
Provision
Provision
$178,367;
appropriation
for
cumulative preferred stock (par $20),
SI.390.560; common stock (par $1), $159,135; paid-in surplus, $1,455,373: earned surplus, $807,490; total, $8.314.237—V. 161, p. 2331.
piqduct guarantee,
and
income—
on
Expenses
5,880
...—
trade accounts and
(net),
increased
profits
*
deferred charges,
period
same
Total income
Profit
(cash).
hand
the
gain tff 12.27%.
a
(Exclusive of gains
Dividend
348,500
2,399,400
refund)
(capitalized at 5527,642)
on
increase of
an
during
Income Statement for 3 Months Ended March 31,
135,896
post-war
excess
post-war
or
value
$7,035,000 with shares outstanding
48,239 shares froip Dec.
were
represented
asset
$1,061,698
*1,986,264
188,600
(less
taxes
April 30, 1945,
assets on
of
2,356,402
7,051
deductions—
dividends—
profits
2,331
$146,454
renegotiation
books—$5,165,922),
$6,925,596
*_
Consolidated
Net
as
85
$15,136
$16,900,000
after
working capital
adjustments.
clared
J*
3
76,00!)
$141,254
115,817
100,000
2,850.411
,1--—
income
dividends
Misc.
76,000
$148,785
98
100,000
Co..
4,503,993
-
assets
6,333
$15,221
$10,761
Net,
in
$589,714;
0,333
$10,859
.
sales.
Earnings
Includes, special discounts allowed to branches of the armed forces
fixed
$217,254
profits taxes
100,000
Statement
accounts—
during the year ended Feb.
12(7
$224,785
300,000
$8,947,056
income..—
Ccmmpn
14,37,1
$21,554
1997.
profit
Cash
Beano
138,621
income
Preferred
$202,875
23,218
$100,000
4,959,665
surtaxes—
(less
$201,567
542
Earnings for 6 Months Ended
receivable
exps._
refunds)
Canadian
$21,012
Amount
returns
operations
profits
$15,163
charges
at March 31,
Excess
179,179
Federal Machine & Welder
respectively
$20,860,838
admin.
Total ...income..—
Normal
203,716
2,028
accruals
Assets—Securities
income—
Miscellaneous
*
W.
from
100.992
18,501
income
161,
payable,
Otlier
107,332
declared
prin¬
10.449.311
and
doubtful'
$3,481,321;
it.
Emerich & Co., Inc.—
10%
.
&
15 %
Weeks
discounts
Liabilities—Accounts
.
--:.r.v.-
kebbon. McCormick
the
(net), $1,651,089: inven¬
tories, $3,729,760; ether current assets, 570,003; investments, $127,349;
Underwriters—The several underwriters named below have agreed
severally, and not jointly to purchase from the company an aggregate
of
122.500 shares of common stock.
The percentage of the total
Which each underwriter has
agreed to purchase appears opposite its
Hornblower
for
$.122,433;
In
addition
in the air cooling
offering a compression type unit,
In recent years this pa it cf
business has been augmented by the new "Air-O-Matic
line.
hame.
Pidv.
723.018
7.162
$17,192
p.
ball
Lynch, Pierce,
Fanner
allowances....
gen.
$1,206,064
734.429
9,378
income
Portion
underwriters
Feb. 28, '45
less
Assets—Cash
field, selling
name "Ice-O-Matic," a registered trade-mark,
number of patents relating to the above-inent o
deems
dependent upon
and
the
method
and
Irving J. Rice <fe Co...
Years Ended-—
sales,
$1,247,046
59,460
revs..
—V.
200.000
Consolidated
Gross
$106,137
-
distributed
300,000
J
Co...
Haupt & Co.
a
boiler burner unit, and a line of water heaters.
Williams
also
is
engaged
in
the refrigeration
Products under the
Ira
said
Merrill
150,000
.•
winch were -similar to those hi
the manufacture of vacuum cleaners; this contract turned out to oe
satisfactory.
The next,
contracts were along unfamiliar imes
anu
unexpected problems were encountered, with the result .hat war busi¬
ness ..for. the 1941 fiscal year showed a loss.
Additional_ war business
vai
received, however, and. with changes in manufacturing personnel,
subsequent war work has been" .successfully and profitably pei'toime .
The
statements
in
this
prospectus with respect to Wi -iams
are
based on information furnished by Williams Oil-O-Matic Heaving Corp.,
organized in Illinois on NOV. 7,, 1924, to take over the oil burner
business developed over approximately five preceding years by. c. u
Wiliiahis & Son Co.. a corporation.
Its principal peace-time product,
a
"low pressure" oil burner
is believed by Williams to have definite
advantages over other types of equipment on the market.
T"is type
of burner is
more
costly to produce and mofe training and skill is,
required in installation "and adjustment.
To meet competition. Wil¬
liams also, manufactures a high pressure burned to be sold a
a
lower price.
In connection with its oi) burner activities it also often
masks,
&'
Hallgarten
the
underwriters
Joseph & Co., Inc.
Cost of goods sold
is not
Business— -Eureka .Vacuum
and
Michigan, manufactures a line of
equipment consisting of upright and dank
in
and
to
Nome-
350,000
&
Cleaner Co., incorpoiated in
electric vacuum cleaning
cleaners and attachments
thereto,-and hand cleaners;
Company designs and manufactures /its
own
< lcctnc
motors
and other -component
parts and purchases the
necessary castings, plastic moldings, bearings, rubber pares, wire and
cords.
Company owns a number of'patents relating to
he vacuum
cleaner business but deems none of them materially impellent and
History
1910
relating
fluid therefor
point.
200,000
Co
Sons...
Aires,
ball
the
$750,000
Inc...
-
Brown
Eastman.
Buenos
Amount
Brothers
Bacon.
Blvth
1945—12 Mos.—1944
$103,630
mc—net
Dividends
as,follows:
are
Name-
Lehman
of
debentures
purchase
to
the
to
names
of. the
of
writing
fluid
Underwriters—The
Upon Completion of Present Financing
Capitalization
stock
the
'
-
Cimmon
recording devices.
The patents and patent rights covered
foregoing license are owned by Eterpen, S. A., a corporation
Republic of Argentina, and
are
based
upon
inventions of
bv. the
of
•Earnings
1945—Month—1944
;.
,
res.
Gross
mechanical
for
$168,437
line
tihgent! amdhg%tfiir thiit£sY upon the purchase toy the company from
Walter W. Williams of '245,000 common shares (no par) of Williams
for 51,388,700
(equivalent to 35.66 per share) and the purchase of
such other shares of Williams as have heen deposited by other share¬
shares
two
of
Holders
stock.
mon
451)
$164,185
surplus...,
61.866
operating
Retire,
sales
the distinguishing characteristics of which are the utiliza¬
tion
of a
ball point and a viscous
writing fluid applied to the ball
point.
The license embraces the United States* Alaska and Hawaii.
Experiments conducted by the company and Eberhard Faber
Corp.
indicate dhat the new writing instrument and the
fluid used therein
possess
characteristics
and
qualifications
inherently different from
those of the ordinary fountain pen and fountain
pen ink, and that it
may possess qualifications adaptable for utilization in automatic and
increase
revenues
Balance
Ever-
are
and
pens
retail dealers.
"Red Tap"
leads, an important
accounting for approximately S'.i
of
the
total
during the fiscal year ended Feb. 28, 1945, are sold
through jobbers,, as well as directly to retail dealers.
ami
and
Quarter Ended March 31—
and mechanical pencils sold under the
complete line of "Red Top" writing loads
in mechanical pencils is also
manufactured.
"Evershnrp"
for
under
dividends
cm
280
2294.
p.
Noh-oper.
Tons
was
15,625
Cr71
17,222
Net
purposes.
Business—Company
operated
•_
77,093
premium
Taxes
For
by
the
proceeds,
available
surtax
42,501)
73.932
15,625
and
debt;..;
bond
Operation
year,
the
tax
and
is
fiscal
current
this financing.
have beer, made
particular
conjunction
addition,
the
21,772
85.919
expense—.....
Period End. April 30-
Interest
1944,
470.173
83,924
income.—,.
River Gas Works Co.
Operating
shares
of a regulation" V loan of a
wholly
liquidation, the unpaid balance thereof being
operations.
will .expend,
...
capitalization! toy 100,000' shares of its $5 par value com¬
its
stock
in
now
for
The
/
.
agreement the Eureka company 'will
1945,
issuance upon conversion of
16.904
of
for
160,
Federal
Funded
on
Fall
Net
$500,000
The
has entered
into
a
plan
and
Oil-O-Matic
Heating. Corp.;
dated
April
25,
1945,
under the terms of which
"Williams will be merged with Eureka, the latter company to be the
continuing corporation..
Stockholders of the company and of Williams
Oii-O-Matfe:' approved and adopted the plan and. agreement of merger
Oil-O-Matic
15,
for
of
•
common
company
~
Heating Corp. Merger.—Company
agreement of merger with
Williams
Williams
V.
$881,894.
26.550
normal income
interest
Balance
46,663
$917,534
510,608
than
Fed.
Interest
the
company's
Cleaner Co.—Common Stock Offered
Vacuum
are
by amendment
sufficient number
■
42,500
Amortization
$1)
(par
Purpose—Of the net proceeds (estimated
$2,964,885), approximately
$400,000 may be regarded as reimbursement to tlie
company's treasury
for expenditures made
during the past fiscal year from current fund's
for
improvement of present plant, rearrangement of facilities and
acquisition of additional machinery and equipment for use in
oilier
Eureka
May
reserved
on
maximum
a
stock
common
for
Other
t334,U7 shs.
Loan—Company is guarantor
While
and $40,060,000 first consolidated mortgage 3Ve'>
3990.
due
York
of
$835,223
46.267
earnings.
gross
other
Prov.
1945.
owned subsidiary,
$100,000.
Listing of First Consolidated Mortgage Bonds—
New
69.528 shs.
,*500.000 shs.
shares
and
imbursed from
The
75,000 shs.
1944
$871,267
".
Maintenance
$3,000,0(10
reserved for options.
paid April 15,
2331.
p.
$20).,_
$1)
authorized shares
tIncludes
161,
two
as
debentures
are
67,501
1943--V.
31,
( par
(par.
by the stockholders
approved
the
Balance
Taxes,
~
1935—%.$3,000,000
'
1945
Operating costs
Maintenance
York.
Outstanding
profits' taxes
Eight Co.—Earnings—
Depreciation
Chi¬
income
excess
'
.
income
Total
share.
common stock was increased from 200,000 to 500,000
each. outstanding share, of common
stock (par $1)
was
and
snares
$815,793
*
549.582
amortiz.—
ana
$937,667
May 1,
pfd. stock
'
Other
common
3 The authorized
(
$63,843
convertible
due
cumulative
reclassified
Balance
New
Authorized
,
Common
Other
of
for
reserves
Months Ended March 31—
Gross operating revenue.—
for
of
tIncludes
2070.
p.
,
per
debts,
3
l
isting
Company has authorized the filing of an
application for the
listing, of its common stock on the New York Stock
Exchange.
Capitalization, Giving Effect to Present
Financing
.
1,296,070
12,249
...
Depreciation'
Other
1945—12
$328,566
revenues
:
Maintenance
Fed.
—Earnings—
1945—-Month— -1944
bad
Fall River Electric
sinking fund, prior to May 1, 1948. at
amouni; on May 1. 1948. and prior to May 1,
l.,ol, at 105%; on May 1, 1951, and
prior to May I, 1954, at 104;
on. May l, 1954, and prior to May 1, 1957, at 103; on May 1. 1957, and
prior to May
1, 1960, at 102; on May 1, I960, and
prior to May 1,
1963, at 1C1: and thereafter until
maturity at 100, plus interest.
Trustee—Continental Illinois National Bank and Trust
cago.
160,
was
our
the
or
for
)'
Debentures Offered—Mention
—
Co.
E\ Paso Eleetric Co.
provision
contingencies and is after post-war credits.
fUnder the statute
relating to renegotiation of war contracts, part of the
profits of the
ytgi 1945 may be subject to adjustment with the
U. S. Government.—-
J97'«f. the .principal
.
-T
Period End. Feb.—
2443
and
Williams,, will become a Vice-President of
charge of the Williams division.—V
.161
"
D«ted
10,625,223
2,696,245
12,605,935
3,999,155
1,784,276
railway.—
from
Ntr
Eureka
Vice-President and
William A. Matheson,'
as
of
in
Redeemable, generally and
'
Nt'i
continue
issue of May 28 of the
offering by Lehman
Brothers and associates of
$3,000,000 4VL>% cumulative
convertible income
debentures, due May 1, 1965, at 103%
and accrued interest from May 1.
Further details fol¬
low:
stock
From January 1—
Gfoss
Manager
2331.'
P.
52,791,317
railway.—--—
from
ry.
,
1944
from
Gr,oss
Net
the
oi
President
will
V.
any
1945
$3,0/3,473
»
Manager
been
and
made in
the
periods.—V.
botu
Stevens
Eversharp, Inc.
Elgin Joliet & Eastern Ry. —Earnings—
April
'Net
has
T.
*3.6
98,039
become
who
y'Eureka
'
above
Nttc—The
1944
George
CHRONICLE
J.,
from
Corp.—Listing of Additional Common
Food Machinery
The
authorized the listing of 133,762
$10) upon official notice of
York Stock Exchange has
New
of
shares
additional
stock
common
(par
making the total number applied for 668,810 shares.
At
a
meeting of the board of directors, held May 9,
there was
authorized and declared a distribution in the nature of a stock split-
issuance,
basis of one additional
outtsanding, which will
21.
The shares will be capitalized at the par value thereof, namely $10
per share, amounting in the aggregate to $1,337,620.
$17.75 per share
each
for
be issued
shares
the
for
four
June
on
of common stock
shares of common
shares
133,762
oi
up
thare
stock
effect
1he
per
transferring
of
a
Ry.—Earnings—
Fort Worth & Denver City
April—
Nel
ry.
railway—,—
from
Net
income—
oper.
P'rom
1942
$1,216,460
$649,617
436,334
632,299
180,990
214,159
329,948
122,087
$1,194,582
Net
from
Net
ry.
railway
income™.
oper.
4,420,640
2,142,823
1,095,444
4,931,771
5,027,659
1,323,675
639,978
railway
1,882,715
931,882
2,681,724
893,644
629,264
■
1997.
161, p.
high
so
Ind.—Acquisition—
Co., Marion,
Foster-Forbes
President,
Foster,
produce glass products for the industrial and illuminating
as for the packaging
of pharmaceuticals and biologicals.
continue
to
fields
well
The
as
industrial
and
R.
to
elected
been
extend
he said,
E.
written
who
for
1923,
V.
cf
Brown.
S.
to
Sweni
A.
:■<
in
1942
$255,416
$249,041
$413,091
15,179
13,960
$414,535
24,565
and its subsidiaries operate water
of
States
for
having
and
15R.969.
Arkansas,
residential,
communities,
21,011
.
the
service
1943
1944
Net
$270,594
$263,001
50,377
47,112
48.521
57,357
220,862
97,631
94,119
235,743
taxes
per
The
Missouri
commercial
population,
a
serving ^42,861
Batesville
Earle
share
com
$0.12
$0.09
$0 10
$0.16
par)™
161,
of
publicy held
V.
of
$52.50
161,
1654.
p.
May 23 announced the acquisition
of a new
factory site in -Binghamton, N. Y.
The property consists of approxi¬
mately 4 Va acres, is about 400 feet deep, located on Grant Street, and
bounded by the Delaware & Hudson RR. and Ely Street.
The company
is planning to erect on this site a large new plant
equipped in the most modern manner, for the manufacture oi quality
corrugated products.
The new plant, when in full operation, will
require from 150 to 200 employees.
The company
now
owns
six paperboard mills and 14 fabricating
plants (folding cartons and shipping containers) in ihe United States,
and six mills and eight plants in Canada.—V.
161, p. 2108.
Calendar Years—
Not
after
income
and
■;
$4.96
stores located in 18
Gamble "authorized
needs, including home
home
appliances and many soft lines, arc sold in tnese stores.
___
sales, incl. administrative, selling,
athertlsing and general expense, $35,208,066; taxes other than taxes
on
income, $298,971; depreciation, $153,039; rent and heat, $854,340;
repairs and maintenance, $40,620; net operating
income, $1,680,371;
non-operating income, $13,291; profit before taxes on income, $1,693,665; Federal income and excess profits
tax, $767,260; State income
taxes, $38,700;
net
income,
$887,705;
preferred dividends, $40,000;
$38,235,406;
sales,
of
cost
:
stock, $532,350.
common
The
Bank
Farmers
The SEC
The
Assets—Cash
hand
on
and
deposit,
on
receivable
contracts
U. S.
$2,596,843;
obligations,
trust receipts
claims, $212,049;
$73,377;
(net),
to
payable,
15-yr. skg. fund debentures (series A, dated Oct.
able Oct.
1,
series B, dated Apr.
1956, $1,250,000;
1959, $2,450,000), $3,700,000;
par), $807,900; common stock
(series
istcck
(authorized
(surplus,
<83
51,227
B,
shares)
held
(79 shares),
$1,588,830;
$512,270),
par,
surplus,
in treasury,
held
no
outstanding,
earned
1941, pay¬
shares),
5.000
$4,721,340;
A
begin
The
<la
as
site,
miles
The
two
of
bv
31
soon
than
N.
Y.,
Charles
five
Wilson,
which
provide,
will
will
it
$8,000,000,
was
be
Construction
President.
is
acres,
in
This
in
stories
facilities,
in
height
will
and
one-third
space,
machine
which
tfnnonuced
executive
War
personnel
Production
principal
The
shops und
and
include
of
which
specialty
Mining
nade
immediate
for
also
reveloped
b"
)aft
five
"'ill
agreed
shops
be
Stock
in
has
will
Electric
large
Co.
properties,
1879
to
as
furnish
share;
per
the
of
the
of
stock
preferred
for
such
costs
commissions;
all
order
as
soon
and
years
a
new
tlie
debt—Subsidiary
bonds,
1,
series
1967
Series B,
4%
$2,702,000
n-
the
as
has
the
Vance County, N. C.
The
tuneeten
proDe"ties acoui'-ed
it
Idaho
was
and
said,
Arizona
have
during
never
of
been
plant
in
in
tax
accruals
A
Preferred
issued,
ton
April
authorize
(a)
17,. 1945,
are
which
stock
common
and
25,000
from
earned
$1
change
share
per
surplus
to
the
$10
capital
to
initial
an
action
which
was
taken
cumulative
($100
of
5%
and
of
which
value of
par
preferred
the
10,000
class
B
by
transferring
account.
Pro
Forma Earnings
for Calendar Year
1914
,
$1,370,620
__™_™
857,805
™_™__
„™.,
Operating expenses™-™/
operating
revenue
$512,814
income™.
Net
income
13,772
before
interest,
amortization
and
dividends
and
on
etc.-
$526,586
bond
of
premium
preferred stork of
(net)
and
net
Organization
231,249
-__™™_L™
104^208 5
Ju'v
1.. 1342,
changed
income™™/
History—Companv
under the
General
to
$191,129
5o!ooO
requirements™-™--™
and
name
incorporated
was
in
Arkansas Municipal Water
ol
Waterworks
been
CnTr»n»ny
properties
and
Howard
new
W.
Corp.
by
recent
Delaware
Co!
Name
amendment
to
p»d
the
*in
By
of
Butcher,
v-ter
deeds
a-muired
m-onerties
of
III.
of
Spence, of
warranty
FUh-idiories
price
organized for the nuroose of acauiriug the water
Arkansas Power & Light Co., under the sponsorship of
was
Frederick
of
$2,902,500,
Butcher
Robert
&
Oct.
from
Arkansas
th"t
28,
company
arrived
at
Sherrerd,
Hawkins
dated
as
a
&
1942.
in
$779,134
655,745
623.831
4,722
19,804
18,888
3,048
2,994
12,404
11.927
2,814
2,813
11,450
11,113
6,766
33,692
35.692
(Fed.
'
Ins.
7,484
1,955
2,081
8,024
8.408
'$9,596
inc.™
*$355
$26,715
1,004
905
4,24 6
S69.275
4.048
"$8,593
$550
$30,961
$73,323
330
811
1.306
$30,150
$72,018
income
income
income™ '
from
191
Co..
companv
Power
&
Arkansas
result
of
Philadelphia,
Inc.,
and
flight
for
and
Boston.
a
its
Co.
"$8,784
Arkansas
has*
of
the
purchase
arms-length bargaining.
$220
»
1945
0
Period—
,
1944
$41,400
revenues
■
V
—Jan. lto May 21—
$43,600
1944
1945
•
$910,235
$886,308
__wk. End. Mav 14—
—Jan. 1 to Mav
14—
1945
1944
1945
1944
$37,050
revenues
161,
$43,100
$843,846
$366,635
2219.
p.
Georgia RR.—Earnings1945
from
ry.
oper.
Gross
$917,603
$694,076
326,541
425.363
315.318
128,141
278,318
379,501
289.345
3,234.642
2.517.581
1,001.660
897.350
income™.
1—
railway
railway
from
ry.
$866,661
156,317
from
Net
oper.
161,
1942
1943
1944
$758,559
railway
railway
from
3,407,159
3.584,036
797.547
1.192.631
1,648,900
653 431
income
1,044,334
1,438,533
1998.
p.
Georgia Southern & Florida Ry.—Earnings
April—
1945
1944
1943
1942
$537,457
$589,427
$630,722
$330,676
205,952
233,233
288.308
108.599
-
Gross from
Net
railway™™
railway™
from
Net
83,237
61.411
73.213
19,742
2,316,965
2,272.277
2.449.645
942,294
879,529
1,219,671
278,514
230,577
329,334
1.394.276
453.922
181,494
ry. oper. income
From Jan. 1—
Gross from
Net
railway
railways
from
l'v.
oper.
161.
p.
'
income
2109.
Glidden Co.—Stock Offered—Public offering of
common
63.148
stock
(no par) was made May 25 by
Blyth & Co., Inc. and associates at $31 per share. Asso¬
ciated with Blyth & Co..
Inc., are Hornblower & Weeks
and
Hayden, Miller & Co.—
National
agent.
Bank,
Purpose
New
New
Proceeds
York
Trust
Co.
working capital of
Oct. 31
s
___r
1940
1941™_™__
1849.
New
York
R'>oistrar,
Chase
York.
(estimated
the
minimum
$1,810,663)
will
be
added
company.
Year End.
Deprec.,
/
Net Sales
$Net Profit
Depict., etc.
tTaxes
$50,169,733
$2,910,891
$773,109
$360,458
Net Profit
$1,777.3^
68,901,706
5.012.O92
846.702
1,155.000
3.010.389
""Taxes
on
of
5,200.889
l.(o5.1?«
7,747,315
1,276,116
*4,473^000
1
111,897,814
deducting
81.705,731
97.144,616
______
amount
all
;.v
—Week End. May 21—
Oper.
the
Consolidated
Preferred dividend
$767,834
4.951
—
oper.
ry.
Transfer
subsidiary™
1945—4 Mos.—-1944
♦Deficit.
—'V.
Summary of Consolidated
Railway)
facility rents (net
Nrt
share
per
under
series
authorized
were
lb)
11,000 shs.
indentures
corporate
preferred stock,
create
to
1938)
Unemploy.
Net
—V.
4,440shs.
11,000 shs.
various
of
shares
being offered and
$99,000 from
4,440shs.
appropriate
shares
None
per
of
terms
50,000
of
Net
10,000 shs.
25,000 shs.
(par S10)^
by
issuable in series,
of
$1.50
cum.
stock
except
2,900 shs.
Combined
Accounts
156,343
1937)
accruals
tax
Net
$100)
(par
of
Act
From Jan.
$25)™™™-____~
common
♦Unlimited
380,000
2,900 shs.
25,000 shs.
stock,
Tax
Net
pfd.
stock
(par
Class B
stock
1,998.000
*
1967™™
cum.
__—,_™__™™™™__„.™
com.
share
7%
*
700
(Fed.
Gross
'
as
Shares
,
$175,363
April—
Sept.
due
,
due Dec. 1,
,
preferred
Unclassified
Class
4%
pre-
are
164,705
Period—
and
*
companies.__
trust
the
each
$175,362
_■
Surplus applic. to int.
Outstanding
$100)™.__„__™„__™
(par
tCempany:
and
outout
provision
concentration
1943
(reg.)
Operating
—
company's
stock
5%
A,
...
Subsidiary
glass
closed
entire
accruals
Deducs.
of
charter.
for
tax
—V;
Other
operating
which
exps
Gross
Capitalization, Giving Effect to Present Financing
Funded
of
by
Southern Securities Corp.™
1945—Month—1944
30—
rev
oper.
Non-oper.
purposes.
Authorized
underwritten
.
Receivers
and
debit)
"|T;
reasonable
pay
underwriting
including
issue
corporate
redemption);
Corp.
Co.
4,000
oper.
RR.
company
with
Inc.
Co,
underwriters
several
shares
5.300
Co
Equip, rents (net debit)
and
/,:'•> 1
of
(Including Statesboro Northern
Act
($952,000) will be used to pay off bank loaps
for the cost of redeeming on ApHl
6%
preferred stock at par (including $44,000 of
company
payable to Howard Butcher, III,
in¬
reimburse
Co.,
2108.
p.
shares of
Mining
it was
&
Corporate
Ry.
dividends.
and
the
of
number
Sherrerd
&
Hawkins
161,
Joint
tungsten
interest,
gold mining
the
their
Tungsten
Corp.
Inc.
Kellogg Power and Water Co.
1
names
the
and
Water
Shares
RR.
Bank & Trust Co., Philadelphia, Pa.
payable
February,
May,
August
and
Aug.
1,
1945.
Upon
involuntary liquida¬
share
connection
in
balance
Net
1942.
development
the
merged
substantial
contracted
of
a
own
p.
mines
Co.
have
known
stock
Ry.
Corp.
$100
to
per
$89,000
1945,
vary
as
Co.,
Water
Natatorium
Inc.
Co.,
Period End. April
Offered
devoted
such
Inc.
Waterworks
Water
Boise Water
Co., Inc.
Water
Railway
Purpose—Net proceeds
(8280,000),
square
200,000
will
Water
Railway
issue of May 14 of the offer¬
our
Provision for Federal and Slate income taxes
a
revoked
of
which
161.
has
period
Gcn»ml
years,
operation.—V.
Mines
construction
over
underground
company
owns
plans to return
gold
Tungsten
large-scale
Corp.—Preferred
.-v.'
expense
Inc..
company
Hnile
Board
Electric
Mines,
new
Electric
26.
American
General
a
General
May
on
Haile
in
operations
has
upon
voluntary liquida¬
Redeemable at option of
company on 30
days' notice at any time or from time to time, in
whole or in part, at $102.50 per share plus dividends.
In the case
of
non-payment of lour quarterly dividends, preferred stock voting
as a class has the right
to elect a majority of the board of directors.
$102.50
Interest
and
company
in
shares
4.255
ol
owner
and
Operating revenues
Niskayuna, about
suburban
Rison
Georgia & Florida RR.—Earnings—
City
at
an¬
>
mining
25 at $52.50 a
outstanding $3
Title
Land
agent,
entitled
is
tion,
stock,
Tungsten Operations Merged—
Corp..
is
made in
was
commencing
shares
plant and offices in Schenectady.
the general shape of the letter T. will
working
t lowers.
of
main
building,
to
facilities
of
cost
a
E.
laboratory,
research
preserit
at
General
Inc.
Water Co., Inc.
'Underwriters—The
redemption.
General Water will dis¬
International from the
redeemed.—V. 161, p. 2109.
for
Waterworks
November,
to
total, $16,973,174.
WPB approval can be obtained.
as
the
laboratory
service
to
company's
space
which includes 219
from
new
from
feet
May
on
the
more
Schenectady,
near
nounced
will
for
50%
some
Corp.,
stock
cumulative
stock
preferred stock, series 3
at cost, D)$3,624;
in treasury? at cost, Dr$7,900;
building
new
stock
Securities
Transfer
par),
F.fford
its
present
the
Southern
capital
General Electric Co.—Plans New Laboratory—
erected
Utilities
Dividends
($100
common
Co., Inc.
Co.,
Capital City Water Co.
feired
ing of 10,000 shares 5% preferred stock at par/($100) by
Butcher & Sherrerd, Robert Hawkins & Co., Inc., and
founders
$50,000;
B
series
Water
Water
fellows:
this redemption.
approved
May 24
on
—Mention
payable Apr.
cum.
Inc.
Ry.
(series A, 107,656 shares, no par, $1,076,-
shares,
and
$1,834,274;
1.
1944,
1,
preferred stk., series 3, 5%
Parkin
Hamburg Water Co.. Inc.
puying dividends on the stock held bv
1945, $150,000; reserves,
requirements due March 28 and Sept. 28.
560;
June
on
shares
63,702
publicly held
$2,179,591;
$*42,839;
1,
the
all
Company—First mtge. and coll.
employees' payroll deduc¬
tions, $136,406;
preferred stock
dividend payable, $10,000; deposits,
$6,195; due to affiliates. $273,528; accruals, $1,287,539; reserve for
profit sharing—stock bonus trust, $96,255; 15-year sinking fund deben¬
tures
redemption
for
of
592
Newport Water Co., Inc.
Sedalia
—V.
date
$1; total, $16,973,174.
Liabilities—Accounts
Co.,
Morrilton
Inc.
Inc.
Inc.
Robert
by
International
curred
and other
accounts
receivable, $246,687; insurance
consigned
war bonds, $9,956;
inventories, S12.002J0O; investments in other com¬
panies, $500,000;
fixed assets, at cost
(after depreciation reserve),
$'.03,272; deferred charges, $89,420; other assets, $139,469; goodwill,
$400,000;
called
held
22
of
'
Inc.
Marion
continue
16,
.
81, 1944
Sheet, Dec.
SEC Approves
—
the public.
Payment will be made
Trust Co., 22 William St.. New York, N. Y.
stock
incebtedness
Balance
Co.
Stock—
Stock—
dividends
accrued
and
preferred
not
has
company
share
tion
Statement of Income for Calendar Year 1944
Net
aggregate
-<V
.
water
to
census,
subsidiary corporations are;
Co.,
Co.,
Co.,
an
1940
Russellville
Butcher
Calls $3 Preferred
1,289
serves
and
farm
Automotive,
Gamble
301
and
states,
western
stores.
$5.18
—
operates
Inc.,
Gamble-Skogmo,
denier"
1943
$851,815
1944
$887,705
taxes
share.—
Earnings per common
midwestcrn
f
*
charges and
Electric
&
company's proposal to redeem all its outstanding 63,702 shares
$3 cumulative, preferred stock at the redemption price
per share plus accrued dividends has been approved by the
The
aggregate
cost of redemption, exclusive of dividends, is
The
General
Gamble-Skogmo, Inc.—Earnings—
Water
McGehee
on
company
Gas
$3,344,355.
Inc.—Acquires Factory Site—
(Robert) Gair Co.,
Water
General
SEC.
The
Water
.
purposes
Fordvce Water Co.,
1655.
p.
by
systems
furnishing '
the
to
through
customers,
distribution
industrial
England Water Co., Inc.
to its
stores
two
purchased
Gurdon Water Co.,
—V.
Plan to Redeem Preferred
added
has
corporation
the
Water
Water
El Dorado
chain of 50 women's
apparel shops and has concluded leasehold arrangements for eight
more outlets within
the year, Frank Rubenstein, President, announced.
The
new
stores
are
in Sherman,
Texas, and Coffeyville, Kansas.
Location of the other eight,
Mr. Rubenstein said, will be: Three in
Texas,
three in Oklahoma, one in Kansas and one in Louisiana.—
The
was
Idaho,
and
and
according-
•,
of
names
Arkadelphia
$141,002
$120,362
$125,851
$167,861
profit.
($1
Corp.—Add^ New Stores—
Federal
Brinkley
Earns,
Franklin Stores
$434,102
$439,100
income
Other deductions—
for
group
collateral trust series A and 'series B bonds to
insurance company and
borrowed an aggregate of $530,000 on
leng-term bank loans of which $250,000 has since been repaid out of
earnings or the proceeds of sale of properties.
In addition, the
Missouri
and Idaho subsidiaries have
outstanding funded debt and
preferred capital stock in the aggregate amount of $2,992,000.
June 1, to the central office
L. McCuen, Vice-President.—
1945
income™.
Prov.
company'
limited
underwrote the
of class B common
an
Corp.—Earnings—
3 Mos. End, Mar. 31—
Gross
President, cn May 25 announced the appointment
the position of Assistant to the President.
Mr.
Swem is a director of the corporation and has been its patent counsel
in charge of the legal division.—V. 161, p. 1879.
Lee
the
a
also
The company
Promoted—
Official
Harry
of
Sherrerd
&
preferred stock and
6%
the
miles of mains.
of
of Butcher
its first mortgage,and
General Printing Ink
profit—
directors
class A common stock to
firm
sold, in order to finance the acquisition of the prop¬
erties purchased from Arkansas Power & Light Co.
and to purchase
the
capital stocks referred to 'above,
an aggregate of $2,800,000' of
proxy.
been
Operating
the
and
officers -and
are
for the sale of the
Company
161, p. 2332.
Other
share and 10,000 shares of class B common
Howard Butcher, III, and W, Frederick Spence
per
now
10,000 shares
stock.
A
majority of the class B common stock
these individuals, their partners and associates.
stockholder shall be entitled to vote either
transferred,. effective
staff as assistant to C.
has
and
investment;
sale
Chief
been
$25
at
then
were
arranged
President, on June 1 announced that J. M. Crawford,
Engineer of the Chevrolet Motor Division since
Wilson,
has
engineering
accord¬
director of Foster-Forbes,
a
Foster.
The acquisition of the Demuth concern,
his company's activities in the container field.
Mr.
ing
will
C.
:
who
glassware.
has
Barnard
H.
by
or
stock
common
that each
provide
person
laboratory glass¬
tubing,
equipment,
radar
makes
now
company
ware
wut
othl
were
stcck at $1 per share.
holdings of all officers and
combined/ the total would
be
to
Official Promoted—
May
on
was
municipalities
directors and their associates
be approximately 30% of the
outstanding stock, which would be high encugh to hold a meeting
without soliciting proxies and without providing the stockholders with
a
proxy
statement,
the proxy
statement noted, but the by-laws
require
that
20
days' written notice of each meeting be given to
each
stockholders entitled
to
vote,
and the by-laws and Delaware
in
8 announced the acquisition by
this company of Demuth Glass Works, Inc., with plants in Brooklyn
and Parkersburg, W. Va.
The Demuth company will be operated as
a
subsidiary of Foster-Forbes.
John
G.
Clarke will
remain as President of Demuth,
which will
M.
May 29 approved
on
50% ."
as
the
If
statutes
J.
five
intended to safeguard directors in
their annual meeting
at
_
were
January 1—
from
Gross
~V.
railway
1943
1944
1945
$1,359,150
420,500
217,009
v
from
Gross
and to capital
$1,337,620
P- 2332.
and crediting to capital stock
the balance of $1,036,656.—V. 161,
$2,374,276
surplus
surplus to
from earned
transferred
of which $10 per share will be credited to
share of capita) surplue.
This will have
from
earned surplus a total amount of
and capital surplus,
capital
$7.75
be
will
issued
so
capital
and
on
stock
1945, to holders of record May
8,
Ark.,
conveyed respectively to 18 separate Arkan<»
subsidiaries, -which were incorporated to own and operate such m'nn
amendments, three of which are
ertfes, in exchange for all of their issued and outstanding securitieV"
the case of stockholders' suits,
,./•'
r
■ V
For the foregoing conveyances the company paid cash to said Arkan^J
Another by-law provides that no transactions between the company
Power &
Light Co. and, in turn, received securities from its m,k
and
any
of its officers, directors or stockholders, or between the
sidiaries
for
the properties
conveyed to-them.
Of the properti^
company and any other corporation in which any of its offers, directors,^
acquired,
the company's interest in the property operated in tit
oi* stockholders are interested, shall be either void or voidable:
municipality of Camden, Ark., was subsequently sold in December
"(1) If at a meeting of the board of directors or committee author¬
1942, to that municipality, and the properties in De' Witt and Wynne'
izing or ratifying the contract or transaction there is a quorum of
Ark., were sold in 1943 to those municipalities,
'
•
persons not so
interested and the contract or other transactions is
The company in August and December, 1943, respectively, acquired
approved by a majority of such quorum, or
99.7%
of the common stock of Sedalia Water Co. (Mo.) and all of
"(2) If the contract or other transaction is ratified at an annual
the common stock of Capital City Water Co. (Mo.).
On Oct. 1, 1944
or special meeting of stockholders, or
thf company acquired all of the common stock of Boise Water Corn'
"(3) If the contract or other transaction is just and reasonable to
which in turn owned all of the outstanding securities of Natatorium
the corporation at the time it is made, authorized or ratified."
Co.
(Ida.)
and Kellogg Power & Water Co.
(Ida.).
The common
The fifth
amendment provides that the holders of 30'/'
of the
stocks of these companies were acquired from General Water Gas &
outstanding stock of the company entitled to vote shall be a quorum,
Electric Co.
The minority
interest in the Sedalia Water Co ' was
except as otherwise required by the laws of Delaware.
The by-laws had previously provided that holders of a majority of
acquired by the company in December, 1944.
To partially finance the acquisition of the properties purchased from
the common shares constitute a quorum.
Because the corporation has
Arkansas Power & Light Co. the company initially issued 890 shares
about 400,000 widely scattered stockholders, the proxy statement said,
of
6%.
"iv seems appropriate that the quorum - requirements should not be
preferred stock at $100 per share, 4,440 shares of class a
stockholders
The
Stock—
property operated in the cities of Pine Bluff and De
conveyed to the company, and the properties in is
Title to the
Voted—
Corp.—By-Laws Changes
Motors
General
Monday, June 4, 1945
:
FINANCIAL CHRONICLE
THE COMMERCIAL &
2444
6,946,518
1,344,230
*3,335,000
2.117.288
income of
estimated
taxes
years
1942.
post-war
stated
for
1944
1943
refunds
and
nf
includes
2.29^.000,
1944
excess
are
1,853.7=2
898.199
stated net
profits
taxes.
af'"f
The
charge of $1,050.0™)
credited
to
reserve
for
contingencies, eouivalent to a reduction ih
Federal income
taxes
resulting from oo,'tain deductions claimed Tor
1
but
provided
for
in
a
financial
Federal, Dominion and State taxes
on
soeeial
statements
income.
in
Before
pri^r yea*'—
provision lor
Number 4391
161'
Volume
depreciation, depletion and
vision for contingencies.
THE COMMERCIAL
amortization;
taxes
on
income,
and
pro¬
Income
«3'A%
note payable due
*Serial
notes
July l, 1952maturing $1,000,000
annually from July 1. 1946, interest
2%
41/2';
stock
Common
$4,000,000
Cost
pfd. stock,
par)—
(no
of
6,000,000
200,000 shs.
6,000,000
f'1,200,000 shs.
—
excl.
admin.
for
Provision
tl99,540 shs.
§892,000 shs.
discounts,
freight—_c...
sales,
Provision
(par $50)
less
and
Selling,
——
conv.
cum
sales
ances
pay.
2*4%
to
Gross
Outstanding
$4,000,000
&
Gross
normal
Federal
excess
Total
3V*%
deprec™_•„
general
income
expenses
1,010.057
918,390
Crl,815
375,000
375,000
56,606
$1,933,762
deductions—
tax
and
profits
in
Fed.
and Business—Company was incorporated
Hietory
at formation acquired
Varnish Co. of Cleveland, which
Company
1917.
the. manufacture of industrial
engaged in
The
stains.
varnish
constituted
now
business
the
of
comprises
four
Ohio Dec.
in
business
founded
varnishes
its
the
For
Division.
divisions
follows:
Paint
fiscal
of
year
the
to
net
the
1944
profit
as
Varnish Division, 27%; Chemical and
Pigment and
Divisions,
33%, and Food Products Division, 40%.
These percentages have varied somewhat
during the war years but
represent approximately the experience of the company in its opera¬
and
tions
immdiately prior to
Underwriters—The
securities to
be
Blyth & Co.,
for
income
of
—V.
the
and
amounts
of
follows:
as
Cr4.096
ties
(based
counts
tion
:;
.
banks—
in
Preferred stocks
3,481,855
.
stocks—
Real
——
——*
440,000
rents due and accrued—
admitted
Total
8,452,592
—— -
—„!
estate-
Interest and
Premiums in course of collection
Other
——
assets
than
more
3
due
mos.
4,397,098
——900,350
—
—
—
not
179,678
$54,092,190
-
Liabilities-
Reserve for claims
Reserve
for unearned
Reserve
for
expenses
$18,105,149
premiums
commissions
9,932,861
uncollected
on
premiums
Reserve for taxes
taxes
Reserve
for accounts due
Reserve
for dividends declared
Other
liabilities
Voluntary
in
Capital
value
——
Surplus
for
of
contingencies
including
81,
payable to bank,
Nov.
on
for
stock
fire
par),
Nov.
1,
provision
1946
losses,
shares,
(85,250
no
1,
1945,
1953
$2,478;
bank
to
and
$7
par),
no
$200,000;
and sundry,
Federal
and
for
payable
to
(B. F.)
Goodrich
figures
improved type
new,
emulsion
of
synthetic
solution
southern pine.
a
abundant
by
with
soap
rubber
base
a
the
1,
stock,
preferred
$426,250;
class
May
company
for
tires
rosin
of
B
23-
which
acid,
on
for
uses
derived from the
15,000 tons a year, and a 15,000 ton a year production
just been established in a plant built and operated for the
has
at
Port
President
B.
F.
of
Neches, Texas, according
Goodrich Chemical Co.
GR-S-10
and
sometimes
called
product has properties which
reduce
road wear) said Mr. Richardson. It is
the
10,770,990
2,500,000
—
10,000,000
same
national
with
soap
general
acid
the
as
synthetic
fatty
a
type
rubber
base,
rosi
W.
S.
Richardson,
directors
Executive
recently
elecred
Vice-President
Vice-President
and
named
Everett
Elliott
V.
Gordon
M.
Kelly
an
to
Joseph
W.
cracking
and
production
constitutes
schedule.
ry.
said.—V.
161,
latter
Frazer
of
Lincoln,
1
He
Motors
Finance
Corporation
loan of $2,000,000
of
original
an
which
the
com¬
also said
J.
T,
former Controller of the Cincinnati plant of Wright
Corp., has been appointed General Controller of GrahamPaige Motors Corp. and its Ohio
subsidiary, Warren City Manu¬
facturing Co.
Manning,
Before
joining
and
Treasurer
and
and
engaged in all phases of the
and
sugar-cane
industry. Company
distributes its products
principally in the southern and north central territory of the United
States,
Company also owns and operates a dairy farm in the Parish
is
Property—Company
of
St.
John
Baptist and in connection therewith a bottling and
distribution plant in the City of New Orleans, which handles a volume
of
five
the
six
to
hundred
gallons of milk a day.
The business of the Company is primarily that of refining sugars.
The percentage of
sugars produced from company-grown cane varies
from year to year and during the past five fiscal years amounted
to
approximately 1.9%, 2.5%, 5%, 4.4% and 2.9%, respectively, of
the total sugars produced.
.
Purpose—The purpose is to effect the retirement by exchange or
redemption of the 26,700 shares of the company's $7 preferred stock.
Capitalization
Adjusted
Effect
Give
to
to
Present
Authorized
*2*4 %
serial
notes—'
$4.50 prior preferred stock
Class A
Class
stock
B
ino
stock
par)
(no
;
$2,000,000
(no
.
par)
'
*$200,000 maturing annually
sive. and $200,000 on May 1,
treasury.
exchange
Of
or
the
sold
authorized but
now
in
par)--
29,370
shares
pursuant
unissued,
The
1954.
to
2,670
+29.370 shs.
85,250 shs.
83,250 shs.
1. 1945 to Nov. 1. 1953. inclu¬
tExclusive of 1,130 shares in
issued pursuant to the offer oi
agreement, 26,700 are
portion of the 3,800 shares
a
are
the
stock
several
to
be
underwriters
purchased by
and the
each are
follows:
,
Hallgarten
Harris,
&
Hall
Co
&
Co.
_
income.™
18%
(Inc.)—18%
Mellon Securities
Corp.—12Va%
Union Securities
Corp.——_12%> %
Sills, Minton & Co.. Inc.__1212%
.
,.
Weeks—-— 8 l\
Co. of
Lincoln, Nebraska ———:8 !\ <o
T. J. Feibleman & Co.— 5%
Thomas H. Temple Co
o.e
First
1940
Mexico
Manning
Mr.
Lumber
of Bernalillo, N. Mtx.,
Corp., Belleville, N. J-.
Net
tive
Stock
shares
of
was
Timber Co.
&
and
Controller
a
$25), making a
applied for.
total
(par
stock
amount of 5,055,231
shares of
Quarter Ended March 31—
Net
profit
Federal
after
Provision
for
and
contingencies
14.680,857
266,000
60,000
203,000
——.—
$340,875
sales
quarter
33.4%
of
reached
over
a
wartime
a
year
of
peak
Joseph
ago,
ry.
W.
Warren
City
almost
59.2%
last
of
Manufacturing
the
consolidated
maximum
tax
he
Commenting
Paige
are
on
Chairman
$396,926
$11,811,252,
Frazer,
in¬
an
Chairman,
re¬
already
has
has
year
profits
first
the
with
increased
tax
subjected
rate.
of
quarter
30.7%
for
production
for
that
plans
satisfactorily
made
the
the
and
shipments
of
balance
for
its
income
Graham-Paige's
was equal to
1945
period
corresponding
the
that
1945,
company's
the
certain
of
the
Graham-
automobile
equipment division
farm
specialty
new
products.—V.
161,
2332.
p.
Granite
3 Mos. End! Mar. 31—
1945
1944
1943
$4,707,210
$4,292,694
4,595.001
4,230,947
3,892.620
$419,530
$451,703
$476,263
$400,074
profit
income
17,990
9,064
9,302
10,629
$437,520
$460,767
$435,565
$410,703
-
Total
Fed.
income
interest
taxes,
special
—-
and
charges
Net
Provision
Gross
per
for
(net)
Trust
a
preferred
.
and
income
and
of
new
shares
ana
$1,2.94,419
743,405
690,108
retirements.—
8.9,983
of
debt
would
disc,
premium
83,324
eliminate
stock
common
teat price.
7 957
stock
would
be
and
dividends.
be
held
S^°
fui'iri
The
$1
value
par
authorized
$5
new
cumulative
stock
share
would
be
for
the
necessary
(of Calif.)—Earnings—
1944
S12.872.595 $10,344,379
to
into
years
at
$103
eight
share
u
be
The
and
to
net
be
current
company
stock
about
provide
lor
present
required
assets
would
be
would
305.000
be
changed
additional
conversion
of
the
preferred
shares
operative
by
the
if
company
Gulf Mobile & Ohio
ry.
—V.
for
pre-
through the sinking
from
no
par
shares
value
be
stock
would
further
held
In
to
would
preferred stock.
be
The
create
increased
the
by
company's
a
lesser
amount
upon
but
of
deposit
be
may
stock
is
of
declared
deposited.
the
company will
retire all
stock
at
$105 and
accrued
RR.—Earnings—
1943
1942
$3,153,467
$3,588,636
1 ,448.085
$2,596,791
1,092.075
1,607.764
970,529
427,258
422.077
497,727
437.164
12,252,307
13,336,434
8.894,63<
,537.653
4,056,963
5,559,875
2,745.86<
,451,113
1,537,634
1,859,998
1,233,651
1945—Month—1944
$371,676
$358,785
income—.
Jan.
1944
$3 .516,328
1—
from
railway
railway—
income
oper.
161, p.
2333.
Gulf Power
Co.—Earnings—:
Period End. April 30—
Gross
revenue
Deprec.
&
Provision
Gross
Int.
taxes
income
-
—
and other deducts..
income
2,187.815
292,000
294,000
133,503
1,353,533
999.894
$53,246
$604,058
$547,332
14.434
11,693
123,436
163.46B
$43,955
—
pfd.
$4,029,042
2,183.340
24,000
$58,390
amort
for
$41,553
$480,621
$383.86?
stock—
on
5,513
5,513
66,156
66,154
$38,442
Palance
-V.
161,
p.
Gulf &
Gross
$36,040
$414,465
$317,707
1880.
Ship Island RR.
Net
ry.
-Earnings-
1945
1944
1943
1942
$249,496
$254,322
$204,512
$135,646
71.925
87,218
*2.057
10,982
36.742
54.397
*38,984
•19.184
railwayrailway..
1,051,876
1,047,662
953.570
648,784
300,491
382,677
120.487
163,391
income...
163,413
251,884
*29.918
38.166
from
from
1045—12 Mos.—1944
148.03f)
155,649
___
$4,432,931
132,637
25.000
expenses
railway
ra lway—
oper.
From Jan.
income—_
1—
from
oper.
♦Deficit.—V.
161,
p.
1999.
Gunther's Sons, N. Y. City—Chairman Elected
The company on May 24 announced the election of
Maj. Gen. William
as
Chairman of the board.
I. M. V/heeler remains President
Ottman
and
Treasurer.—V.
147, p. 741.
226.723
■;
•
80%
,783,569
railway
railway.—
oper.
From
credit
1945
from
from
Net
th%sinki»g
thereby
reduced
to
common
go into effect
automatically
preferred stock for
exchange,
April—
Gross
be
common
new
now
It
and
when
the plan becomes
effective
undepositcd shares of present
preferred
dividends.—V. 161, p. 208.
Gross
to provide
would
entitled
J
existing
ry.
amounted
five
redeemable
would
from
<
to vote on
share on the
«
common
1,903
Net
1945
12
a
preferred
restating of the value of the
outstanding
capital surplus of $3,645,000, which
Net
provision
July
existing preferred stock; each
ft
retiring
$0.20
taxes
$197,138
$120
converted or purchased otherwise than
existing
$77,657
$0.77
227,352
on
of
arrears
convertible
The company would not
$1,000,000.
$0.32
*347,384
9*458
225,797
System, Inc.
current
would
in.any fiscal year il
$121,560
—
83 911
■
(net)
'
company
$0.27
and taxes
$517,859
of debt
required to set aside annually about 25% or
net
profits
remaining after preferred dividends and
required debt
retirement, beginning with the fiscal
year ending in 1946, as a sinking
iund to be
applied to the purchase of preferred stock
at hot exceeding
$i0J a share and accrued
dividends, or to redemption of shares at
$102,115
+No
86,452
$524,297
the
accrued
$0.21
profits
1944
$1,357,686
taxes—.
——
of
preferred
+95,998
excess
and
plan, 2.2 shares of
would be issued for each
share of
237,048
Earnings on 450,000 common shares.-.:™--™
"Estimated
1945
maintenance
stock.
Under
236.671
-
Subs.)—Earnings—
-
special meeting ot stockholders will
plan which
(C. G.)
sales
(&
$207,219
Gross
income after charges
129,937
_
+127.333
provision for Federal taxes necessary.
for excess profits taxes.—V. 161, p. 2219.
Net
244 274
208,071
—
interest
amortiz.
and
230,326
"No
Gross
329.401
136,165 f
discount, premium
expense, etc., of subsidiaries
and
Int.
$81,647
Grayson Shops Inc.
290,200
64'595
depreciation
Minority
1128,325
•
731 739
Green
Interest, amortization
'-96.289
share:
24,783
868.858
income
259,583
profit—
♦'Earnings
43.653
945.058
221.385
earnings
Operating expenses,
Net
Depreciation
10,602
917,526
1942
$5,046,704
4,683,624
etc.™
expenses,
2,647
Gross
Divs,
$5,103,154
Costs,
1942
Co., Inc.—Special Offering—A
special
offering of 6,000 shares of common stock
($1 par) at
$60per share, with a commission of 75
cents, was
made on the New York
Stock Exchange
May 25 by J.
& W. Seligman &
Co., Inc.—V. 161, p. 2109.
Net
City Steel Co.—Earnings—
Sales
55.699
income.—
(II. L.)
Operating'
prospects
$186,698
74.552
the
of
•
said
progressing
said,
this
Co.
for
compared
said.
he
excess
provision
profits
year,
Also,
1943
$218,374
45.343
railway
railway
from
1945.
1.944
$209,872
1—
from
r.v.
in
RR.—Earnings—
36.822
ri61°Ppr' 1999°me~""
Net
not
076,449"
$213,433
Net
Net
but
5,000,195
1945
oper.
Explaining the sharp rise in taxes, Mr. Frazer said that the balance
of an unused excess profits tax credit from a prior year was applicable
1944
11,120,904.
7,082,032
from
ported.
in
16,156,510
7,085.019
railway
railway
—'V
$865,926
581,878
taxes
profit
First
19,299.063
5,709,455
income—
From Jan.
Net
crease
39
from
Gross
1944
$982,753
——————
profits
excess
common
1945
charges
income
600,000
(par $1), upon official notice of
convertible preferred stock, cumula¬
5%
52,071.760
_The plan would
stock
of
1,708.084
61,490,824
1999.
p.
3.642,468
2,223,225
1,956,132
/v..> %•;•••: ■
'"%■ •
treasury.
Exchange has authorized the listing of
common
conversion
upon
1942
4,745,020
58.868.808
railway
from
Net
of
6 Months Ended March 31—
Hornblower &
The
New
1943
6,148,116
1,699,528
railway—
April-
$2,000,000
treasury.
Underwriters—The names of
percentage cf the unexchanged
as
be
the
of
in
corporations
York
New
additional
issuance
Operating
Outstanding
30,500 shs.
200,000 shs.
200,000 shs.
corporation
Listing of Common Stock—
Other
the underwriting
to
and
Nov.
on
financing
director
a
affiliated
Wright
and director of Resistoflex
•
sugar
the
1944
4.857,950
April—
Gross
below
Aeronautical
to
Business
1945
oper.
The
highest of any
Net
•••' '
preferred stock are entitled to receive dividends
$4.50 a share per annum, payable quarterly Jan. 1, April 1,
July l and Oct. 1 in each year. Holders are entitled to equal voting
power with the holders of class A stock and the class B stock. Upon
voluntary or involuntary dissolution holders will be entitled to be
paid $100 per share, plus all divs. Redemption upon 30 days* notice,
on any
div. date at $105 per share, plus divs.
of
rate
Ry.—Earnings—
railway..— $16,493,607 $17,124,734 $14,242,480
$11,174,799
Guantanamo Sugar Co.—Plans
Recapitalization—
obtained in 1940 had been paid on May 15.
that shipments during April were more than $8,175,000,
one month in the company's history since 1J29.
pany
Holders of S4.50 prior
at
784,339
Green Bay & Western
-
2109.
p.
a
premium of $5 a share.
stated that the balance of $166,000
also
Neb., T. J Feibleman & Co., and Thomas H. Temple Com¬
pany.
1,656,534,
2,564,008
—
The First Trust Co,
Weeks,
3,684.884
1,842,106
uses
Names Controller—
offer, 22,368V2 shares were taken by holders of the 7%
preferred stock.
The* remainder has been sold by the
banking group, which also included Mellon Securities,
Corp., Union Securities Corp., Sills, Minton & Co., Inc.,
&
9,079,009
2,893,'Jiii
1,763,193
railway—
161,
lund
Hornblower
11,555,000
2,775,711
income-—
1880.
four-fifths
The
called for redemption on June 30, at $197.75 per share.
The re¬
demption price represents the par value of $100 per share plus accrued
Assistant
Refinancing Completed — A
banking group headed by Hallgarten & Co., New York,
and
Harris, Hall & Co. (Incorporated) of Chicago
on
May
28
announced
that
they
have
completed
the sale
of
the unexchanged
$4.50 preferred stock
which
was
offerted
initially to the holders of the
company's 7% preferred stock on the basis of 11/10
shares of the new stock for each old share with cash
adjustment as to dividends.
Of the total of 29,370 shares
of new $4.50 preferred stock, covered by the exchange
207,654,
butadlene-styrene copolymer
which
Frazer, Chairman, on May 30 announced that all of the
7% cumulative preferred stock of the corporation will
outstanding
the
Godchaux Sugars, Inc.
640,942
special
increase
Corp. — Calls 7% Prefererd
Stock—Pays RFC Loan—-Sales at Record High—
Reconstruction
159, p. 2080n
io«n
$2,271,009
1,086,106
391,812
oper.
Net
A
Mr.
Treasurer.—V.
]->4q
$3,159,000
615,859
this
dividends thereon and
Manufacturing: Co.—Official Promoted—
1044
$2,887,000
and expense of Greenwich
Water
rubber,
soap
tread
a
GR-S
he
to
be
$54,092,190
1P45
Greenwich Water System, Inc.
at the rate of
Government
five
2109.
p.
500.894
12 Months Ended March
31—
a
A plant
at Louisville,
Ky„ has manufactured 10,000 tons of this
special variant of GR-S rubber since last June and Is how producing
line
161,
ma¬
May
on
$416,250;
released
Cha.,e
in
Proceeds
$2,957,000
— —
from
Co.—Rosin-Soap Rubber Output—
were
1946.
'U
payable—trade
notes
The
payable
15.
11,880.000
from
Net
1945
due
acounts
$448,062;
$1,224,500; serial
reserve
A
shares
Production
of
160, p. 2184.
The
Jan,
hand,
$162,871;
Graham-Paige
-
Gorham
be
on
capital surplus, $5,570,860;
surplus arising from revaluation of plant and equipment,' $917,100;
earned
surplus accumulated since June 30,
1929, $3,701,524; total,
$16,414,797.—V. 161, p. 2332.
the
fluctuation
securities
-
Sheet,
250,000
-
ry.
—V.
500,000
—
Total
-V.
class
(83,250
of
545.000
unpaid
—i—_
reserve
market
and
-
taxes
expenses,
annually
$1,800,000;
716,060
accrued
or
income
including interest
($37,000), applicable
is
note
Western RR.—Earnings-
From Jan. 1—
expenses),
The
324,712
oper.
from
Net
York.
ready-toOregon and
with
12,360,000
from
Gross
$1,105,551; marketable securi$628,233)—at cost, $621,600; ac¬
$2,014,252; Federal crop and soil conserva¬
note
income,
$200,000
1954,
772,130
*
340,988
41.625
(less
(net),
(estimated),
payable—trade,
Named
and claim
340,988
Net
186,900
340,988
1936
and
receivable
drafts
3,397,013
—
186,900'
quotations,
30,113,090
—
Corporate and other bonds
186,900
women's
railway.*—
railway
161, p.
Gross
$848,934
$112,243; inventories, $3,813,985; planted
and growing crops—at
cost, $128,620; investments, $45,912; property,
plant and equipment (after
reserve for depreciation of $3,855,659),
$8,466,408; deferred charges, $106,225; good will and trade
marks,
$1; total, $16,414,797,
$2,730,514
—
U. S. Government securities
Common
banks
market
turing
Assets—
Cash
in
on
benefits
stock
1945—
Trunk
Great Northern
254,078
Federal
Balance
Assets—Cash
.
on
Statement, March 31,
be
railway-—
railway—_
from
ry.
,
$133,500;
Glode Indemnity Co.- -Financial
and
less
State
10,000 shs.
$592,601
taxes
stock—______
thereon
15,000 shs.
;
Cr8,583
26
California.
31,000,000
January 1—
Net
yrs.
of
$200 000, commencing May
added to working capital.—V.
from
Net
—V.
City of New
of
cities of
loan
a
of
oper, Jncome---
ry.
tax.
prior
1935
accrued
2332.
p.
B
cl.
years
$1,411,402;
—
31,975
stock—_
stock—
A
38,148 shs.
Co.——
Miller &
161,
are
%
Weeks—,
&
underwriters
the
chain
a
principal
*
from
From
Cr28,657
preferred
Liabilities—Serial
the
by each
18,435
Cr54,586
operates
the
from
Gross
Fed.
thereto.
war.
of
names
underwritten
Inc.
Hornblower
Hayden,
the
286,566
Cr94,415
against
process,
cl.
fiscal
($104,722)
as
the
of
approximately
381.502
562,630
20.990
sub¬
or
Products
Soya
on
♦For
was
"Jap-A-Lac"
contribution
is
taxes
on
on-
Dividends
of
and
subsidiaries
classifications
relative
after all
Dividends
11,
assets
1875
and
and
company
principal
and
in
of
will
in
April—
Dividends
namely, the Paint and Varnish Division, the Chemical and
Division, the Food Products Division, and the Soya Products
divisions,
Pigment
various
the
was
Bank
Grand
65,299
73,511
347,799
948,850
tax—
respect
which
negotiated
instalments
April-—
Net
$647,933
refund
has
the loan
of
Net
349,075
surtax
taxes
reserved
Glidden
annual
$1,331,541
$1,531,816
65,425
taxes
profits
♦Refund of
the hu» ber of shares of common stock which would then be so
would be 146,036 shares.
SIncludes 3,409 shares of common
issued for the purchase of property.
■"National
$1,274,935
99.903
of SI,000,000—
stores
352,400
$1,431,913
Loan
corporation,
apparel
Washington,
40,738
—
Excessive provision
&
wear
819,386
Cr449
81,951
retirement credit
excess
the issuance of the shares of common stock now offered, since a
dilution will result from such issuance.
If the 63,148 shares of com¬
mon
stock now offered are
issued for a consideration of $30 per
This
Gross
income
Debt
Bank
1943
accounts-
income
income
State
upon
stock
31
1944
$35,536,639 $26,411,651 $20,793,858
32,300,220
23,688,163
18.306.399
—
—
treasury
share,
Jan.
$1,851,811
Federal
other
Total
annum
the
Ended
244S
allow¬
profit
an additional $4,000,000 payable July 1, 1952.
Thereupon
note payable is to be redeemed.
+Excluding 400 shares of
stock.
+140,023 shares reserved for conversion of the 199,940
shares
of
cumulative convertible preferred stock.
The
number
of
shares of common stock required for such conversion will be increased
per
Years
foi> depreciation
Total
an
of
doubtful
agreement dated May 2, 1945, with the holders of ihe serial
notes payable the interest rate on each of these notes is to be reduced
\2 of 1 %* per annum from July l, 1945, and such holders (together
with one additional bank) have agreed to lend the company at 2%
♦By
Statement
1945
Capitalization Giving Effect to This Financing
Authorized
& FINANCIAL CHRONICLE
$0.50
$929,598.
Ilaile
See
Gold
General
Mines, Inc.—Tungsten Interests Merged-—
Electric
Co., above.—V.
144,
p.
4009.
Monday, June 4, I945
CHRONICLE
COMMERCIAL 3c FINANCIAL
THE
2446
Cperating
revenues
$1,525,205
___
546.244
439,470
6,195,393
77,985
901,341
812,744
128,600
126,482
1,523,946
1,469,989
16,150
193,809
193,809
~.
Depreciation
_—,
Amort, of plant acquis.
(exclud¬
taxes
360,799
338,257
4,198,332
3,624.883
109,301
102,756
1,288,423
1,201,834
$287,246
$256,255
$3,490,642
Dr8,773
£>r3,558
£>r!9,076
$278,473
$252,697
77,202
100,157
$3,471,565
1,106,810
$201,271
$152,540
$2,364,755
$2,135,666
45,151
43,592
526,219
157,598
$246,422
$196,132
$2,ot/u,yi4
<
Net
revenuesincome—net
oper.
Other
—
Balance
Int.
—
amortization-
and
income
Net
•Reduction
———
Period
1944
30,
1944
1944
31.
March
31,
$2,526
2,25o
2,341
^Reduction
Federal
in
allowable
facilities
as
income
emergency
resulting from amortization of
facilities under the Internal Revenue
taxes
are expected to be employed
to replace existing facilities.—V.
which facilities
Code,
life
normal
and
not
Hamilton Funds,
Funds,
Hamilton
Hamilton
Inc.
Shares,
Trust
584,967
579,905
throughout their
161, p. 2333.
Inc.—To Exchange Shares—
Depositors
Hamilton
and
have asked
sponsor of
Com¬
Corp.,
the Securities and Exchange
proposed offer to the shareholders of Hamilton
Trust to exchange their shares for the shares of Hamilton Funds. Both
Hamilton Funds, and Hamilton Trust are registered investment compa¬
nies.
The Commission will hear the application June 12.
mission
to
approve
a
1945
3,194
2,923
*
Other
has submitted to its stockholders for approval4 at a
June 25 a plan to redeem the 32,799 outstanding
preferred stock at 105 and accrued dividends
issue and sell to common stockholders a new convertible pre¬
and
to
ferred
stock
terms
and
on
converted
carrying
conditions
into
a
common
The dividend and the
be
lower dividend rate.
under which the new ptofend stock may
stock are to be fixed by the directors.
The stockholders will also be
asked to vote on an amendment to the
of
incorporation which Will reduce and reclassify the au¬
capital stock of the company to consist, after the call of the
preferred stock, of 35,000 shares of new $100 par, convertible pre¬
ferred stock and 600,000 shares of common stock.
The present capi¬
talization of the company consists of 33,054 shares of 0%
cumulative
articles
thorized
8%
which 32,799 are issued and outstanding, 39,382
shares of $100 par preferred stock, of which none are issued and out¬
standing. and 600,000 shares of common stock, of which 386.585 shares
are
issued and outstanding, excluding 13,415 treasury shares.
The
record date for the special meeting will be June 4.—V. 161, p. 1999.
preferred
stock,
of
Net
—V.
operating
income
and
oper.
$2,412,775
$7,241,822
$2,811,030
$6,346,007
gen.
including Stale,
exp.,
4,947,295
county and Fed. taxes-
1,796,4.98
2,207,946
5,444,398
Intangible develop, costs
113,486
144,588
23,287
378,407
92,061
101,336
387,008
284,607
Deprec., depl. & aband,
Net income,.
1
Dividends received
$4787461
$358,203
126,145
__
Earnings
per
4b°.84— „517,969
197,824
$4847448
—
$4827545
$2.15
share—
stadt
$1,022,044
$2.16
income—
Net
$1,032,009
for
—V. 161, p. 669.
conveying,
in such
use
Harbison-Walker Refractories Co.—Acquisition—
The
has announced the purchase of
company
Canadian
In
Refractories,
Ltd.
of
Montreal,
houses
to
controlling
interest
1ms
which
Haverhill Electric Co.—Unsubscribed Portion of
Cap¬
of the text matter
appearing in last week's "Chronicle", page 2333, under
the "Haverhill Gas Light Co." and headed "Shares of
Stock Sold at Auction," should have been given under,
hoists;
metal
tured
the
the
of
See V.
United
the
mine
hoists
record
total
of
1
&
includes
hose
and
plated
lengths,
use.
depending
Molded
and
the
upon
sheet
of
America.
Such
exports
it's
normally
aggregated
31,
will
be
'
dividends
applied
on
the
preferred
$4
at
Delphos,
Dauch
ginia
Hinde
1898
The
O.
merchandise
Co.
Paper
organization
of
succeeded
was
Jan. 4,
on
including
war '
the table below
During
Sales
Period
Billed
$2,169
$1,291
1904,
1,469
7
1,157
3.204
1,567
143
1,148
1944
31,
31,
2.369
1945
-Net
common
544*
2,44G
(estimated
1,026
1
1,100
the sale by Hewitt of the 60,000 shares
proceeds from
stock
1,296
.
$1,301,538)
will be added
initially to the
funds of the company.
Present funds of company
for the business now conducted.
The directors have
authorized the immediate expenditure of approximately $500,000, con¬
tingent upon securing the additional funds to result from the sale of
corporate
adequate
such
60,000
plant
shares,
extension,
for
to
be
the purchase of additional machinery and for
used in connection with the manufacture of
rubber
sponge
products, and expanding the company's molded goods
which will require a number of additional presses and other
business,
equipment.
The
stock
the
of
proceeds, estimated at $801,538, will be added
the
from
by
the
selling
will
and
not
accrue
Capitalization
sale
of
the
are
stockholders will be received by such
to
the
Capitalization,
*$4
cum.
unfilled
orders,
orders
received
West
1904,
&
Vir¬
its
upon
the
manufacture
Company
of
shipping
produces
also
miscella¬
mailing
envelopes and
Authorized
pfd. stock
<$10
($100 par)__
Outstanding
35.900 shs.
35,900shs.
+750,000 shs.
par)__
360,250 shs.
"On May 7, 1945, the shareholders
adopted an amendment author¬
izing 35,900 shares of $4 cumulative convertible preferred stock, being
the
shares
these
offered.
now
shares
version
+At
71,800 shares
the $5
.of
Dec.
31,
1944;
for
reserved
cumulative
issuance
convertible
there
the
issue
sale
or
pletion
,
be
of
of
this
but
certificates
conversion
base
25,000 shares
financing
terminated,
scrip
such
of
there
for
the
conversion
the
of
con¬
the
pre¬
event
stock
at
be
will
of
119,666%
reserved
shares,
cumulative
for
such
71,800
in
com¬
will
including
event of
the
preferred
the
to
shares
shares,
issuance
convertible
officers
Upon the
stock.
common
reservation
fractional
$4
of
in
included
were
in
preferred
vailing conversion rate and 25,000 shares reserved for sale to
and employees.
Company has 110 present plan with respect
Conversion
of
the
the
not
the
at
stock
rate.
Rights-—Shares
holder
rate
thereof
of
be
$4
preferred
converted
share
one
of
of
$4
at
stock
time
any
preferred
the option
stock
at
may
into
stock
common
for
3Ya
of
shares
stock.
jointly
to
in
company
The
several
purchase
the
the
underwriters
have
preferred
percentages
opposite
set
below:
and
severallv
aTcd
unexchanged $4
respective
stock from the
respective
their
to
($5
stockholders
to
Give
Effect
to
Present
par)
-
500,000shs.
_______
rate
interest
expires Dec.
on
funds
borrowed is 2%%
3.75
Hornblower & Weeks____
3.71
3.75
w.
3.7;
A.
Sales, less discounts,
products
Ames
Operating
Other
2.30
Lee
3.75
McDonald & Co.
6.41
1.75
Merrill, Turben & Co._~
3.7
Fahey, Clark
2 30
Otis
6.4
Paul
H.
Davis & Co.
& Co.,_
Consolidated
Income
t;n<21
Coct
Statement
less
discounts,
Other
expenses!
'•
082 934
1,510,862
Portion
tax
and
$2,129,724
55.375
55,537
$2,185,098
$1,625,892
88,533
surtax
'
22,058
applic.
to
future
Post-war refund
of
prior
excess
.19,054
11,930
133,000
133,000
1,631,375
1,153,000
franchise
prof,
64.000
Profit
before
•Federal
Federal
excess
•
tax
Net-
profit
Dlv.uci»v.i
—...
______
41,883
7,787
3,453
profits
$3,220,795
jWanq
$2.82
nsn
1'
v
50 739
$3,180,255
t.nvo<?
22,685
$3,373,530
2
$2,982,036
537.000
550.000
525,500
1.683,000
1,827,000
1,453,500
$960,255
tax...
profit
I_II!
dividends
$996,530
$1,003,036
179,500
179,500
179.500
540.375
dividends
540,375
540,375
°f $161'500 in w-2< $190,000 in 1943, and
in°1944ar
$175 000
Consolidated Balance Sheet, Dec.
31,
Assets—Cash
on
hand
securities,
nf/'k4)Ie'S^7anAVo
ket,
$2,407,552;
mt-
and
Crl63.137
cn i5.oie
$519,985
$559,166
$442,543
168,183
168,188
* 168,188
deposits, $2,073,994; U. S. Gov*
$166,026; trade accounts receivable
S1'341>087; inventories,
investment,
post-war
1944
demand
met),
$1,013,714-
at lower of cost or
assets
(P°st"
other
surrender value of life insurance,
refund
estate
410
Cr133.900
cost
of
excess
miscellaneous ^receivables and investments,
«7naon"»-. equity in veal (after reserves for
equipment
so,049,18 7,
contract
5.639
at
^Rn ncnCy estimated $1,300,000; cash
iynds),
$380,080,
______
Crl0,239
years
1,334
$2 996 997
Federal normal inc. tax,
surtax, and
declared value exc. profits tax
$1,570,354
133,000
%
tor
39.703
54,831
_____•
i'loo
1,339,000
credits
Unaerpicvision
200,OUO
I. ~
profit
ruvideuds from nnennsol.
subsidiary
Miscellaneous income
1,410 915
.
tax
tax___
188,OUO
i,uu,UU0
:
_
ni<)
841,525
d -ubtfui
expense
■—1
1942
respectively
disposal of properties
«•'•
_
1,757,865
1943,
on
1942
1943
] 9 EOS O09
1,807,039
for
and
Years
__
1942
$2,000,378
income
profits
Calendar
9.100 564
92,478
deductions
Normal
for
;
19
postemergency adjustm'ts
charges resulting from renego¬
Loss
Co.
$24,356,764 $24,848,076 $20, 695.47!)
etc
sold_.
Selling, general and adm.
Net
&
6.41
Corp
1944
sales
nf
of ni'nwnntc
products
Common
1943
1,35c
income
Higginson
\
Gross
Preferred
31
12,948.578
income
Total
(5.41
Said loan agreement
$1,907,901
profit
C. Langley & Co
3.71
IT. L. Emerson &
Co., Inc.
Gross
12,332,932
1,604,798
doubtful accounts
for
Inc.__
Curtirs, House & Co
*348.188 shs.
returns, etc.__ $15,845,632 $.16,591,021 $12
sold..
& Co.,
Collin, Norton & Co
Net
admin. & general expenses....,
Provision
E.
Interest
Statement, Years Ended Dec.
Rubber Corp. & Subs.)
1944
Sell.,
Hawley, Shepard & Co..._
Havden, Miller & Co
Financing
Outstanding
Income
(Hewitt
of
20.90
1945.
31,
Consolidated
Cost
.
Percent!
20.90
Maynard II. Murch & Co.
n
•Including 69,474 outstanding shares owned by Robins Convey¬
Inc.
On Dec. 31, 1944, Hewitt had outstanding indebtedness toi banks ef
$2,000,000 of the maximum of $5 000,000 permitted pursuant to its
bank credit and loan agreement, under Regulation V-T of 'Vie Federal
Reserve System.% The commitment fee provided in such agreement is
V* of 1% pr annum based on the average daily unused credit.
The
annual
Percentage
Glore. Fortran & Co
common
ors.
contem¬
cancella¬
The
in
various
Hinde
^Adjusted to Give Effect to Present Financing
conv.
stock
company.
Adjusted
(pre-war)
follows (in thousands of dollars):
in
and. liners,
Title of Issue—
purchased
profits
$32,779;
tax.
land,
depreciation,
under
deferred
(net)> $265,524; deferred charges,
$120,028; total,
$497,245;
building*.
$4,499,581%
payment
$14,647,816.
liabilities—Accounts payable,$759,127;
accrued taxes, $75,985; refor
postemergency adjustments. $888,000; $5 cumulative con-
serve
Air Forces.
as
the
Virginia.
company
mill
paper
include
in Ohio.
tiation proceedings for
years
19,773 shaves of Hewitt
Authorized
stock
Common
to the regular products which it presently continues to
for use in war production by manufacturers
generally
hi the war the company aided til the development and began
production of bullet sealing fuel tanks for combat aircraft of the
contract
West
the
to
1900
specialties.
capital.
proceeds
Excess
shipments
in
by
board,'especially adapted for use
containers and packing materials.
neous
items such as glassine pads
Prov.
balance
The
working
addition
production
another
In
paper.
principal business of the company is the manufacture and sale
and solid fibre boxes and packing materials.
It also
manufactures, largely for its own use,
straw-paper and jute liner-
$848
2,914
are
manufacture
tions and
period.
corrugated
names
2,616
1944
general
early
War
same
'
1944
Purpose
"lend-lease").
United Stares and Allied
the
The
of
Underwriters
1944
of
approximately 8% to 10% of the company's total sales, with a majority
thereof going to the South American countries,
particularly Bolivia,
Brazil
and
Chile.
A
substantial
portion of sales is to equipment
manufacturers,
which
resell
such
products
as
standard
accessory
equipment on machinery or products manufactured by them.
Com¬
pany maintains sales offices in New York and Chicago.
During 1944 sales of industrial rubber products to distributors,
together with sales to equipment manufacturers, represented approxi¬
mately 51% of the company's tctal sales of industrial rubber products
the balance consisting principally of sales to the United States armed
forces (approximately 45%) and direct to trunk line railroads
mining
companies, large industrial concerns, and for export (now principally
In
purchased
gradually -broadened
corrugated
incorporated
was
corporation
Dauch
and
business
containers
.
?V
stock for
of the company as may be required
redemption of all $5 preferred stock not ex¬
the
to
In
container.
common
Period
payment
History and Business—In 1888 James J. Hinde and Jacob J. Dauch
acquired a straw-baling machine to supply material to a small San¬
dusky. O., paper mill subsequently purchased in 1892.
During this
period they developed the Climax Bottle Wrapper, a corrugated bottle
Cancellations
During
cash
'
at
in
30.
March
rubber
sales
Robins,
30.
Dec.
products include pipe clamp
gaskets, machinery parts of rubber, special items developed for par¬
ticular applications, and. presently, bullet sealing fuel tank
fittings.
In peace-time approximately 50%
of the company's total sales of
industrial rubber products is made to distributors in
substantially all
the important industrial centers in the United States.
It also nor¬
mally sells to distributors located in Europe, South Africa, Central and
-South
bookings of
"lend-
on
Such
*
Sept.
such
requirements
!
June
widely diversified types
as
air. air brake, acid, chemical, oil, gasoline, rotary drilling, sand
suction, water, fire, welding, sand blasting, steam, concrete placing,
many types of shop hose and tubing and others, ranging in size from
small -ft -inch diameter welding hose to 36-inch diameter
dredging
hose.
Conveyor and bucket elevator belting is made in many different
sizes
and
Government
share.
per
-
March
Rubber
Industrial
of
also manufac¬
cents
changed for $4 preferred stock, at $105 per share plus dividends.
Robins
the belt,
amounts
minor
It has
.
of Period
Business-f-Company Was incorporated in New York in
Rubber Co.
In 1926 is acquired thq business of Gutta
forces.
forces
the Russian
Orders End
31, 1943—
Quarter Ended—
Manufacturing Co. of Brooklyn, N. Y., founded in
1859, and in 1927 changed its name to Hewitt-Gutia Perchu Rubber
Corp.
It operated under this name until 1933, when its name was
changed to the present one, Hewitt Rubber Corp.
Company's principal regular products are industrial hose, conveyor
and bucket elevator belting, power transmission belting and molded
and sheet rubber products.
It manufactures approximately 65 gen¬
eral types of hose, almost all of which have wide application, being
used throughout industry.
In addition, such products are used in
substantial quantities and for many different uses by departments of
the Federal and municipal governments and by
the United States
armed
lor
billings
Dec.
.
1904 as Hewitt
of
purposes
v
Orders
Unfillecta4Tteceivecl
maining 120,000 shares being reserved for exchange for
the outstanding 75,000 shares of Robins Conveyers, Inc.
Of the shares offered 19,773 are being sold for the ac¬
count of certain stockholders and 60,000 shares are bOing
sold by the company.
Percha
armed
.
161, pp. 2333 and 1999.
May 25 publicly offered 79,773 shares of common
stock at $23.50 per share. The 79,773 shares are part of a
total of 199,773 shares registered with the SEC, the re¬
and
States
contracts.
The
on
History
all
for
parts for certain optical equipment."
Hewitt Rubber Corp.—Stock Offered—F. Eberstadt &
Co.
elevators
plants.'
coke
production contracts and purchase orders, is shown
(in thousands of dollars):
item published in the "Chronicle" of May 28
"Shares of Stock Sold at Auction" pertains to
"Haverhill Electric Co."
by-product
16
of
gether with such additional funds
and apron
number of
a
least"
subheading
and
and
or
Purpose—The entire net proceeds received by the company upon the
sale to the underwriters of the unexchanged $4 preferred stock, to¬
materials for
larding ship deck machinery and has performed machining operations
on
Haverhill Gas Light Co.—Correction—
part
ash,
rate
the
at
accrued
the
waterfront
with
contracts
the* "Haverhill Electric Co."—V. 161, p. 987.
the
and
offer
represented the amount per share by which the accrued dividend on
the $5 preferred stock from April 1, 1945 to May 28,
1945, exceeded
entire systems
bulk
exchange
the
to
company
and distributing such
other
company's
to
Proposal—Company gave the holders of its 35,900 shares
convertible preferred stock the right to offer such
company, prior to 3:00 p.m.
1EWT1 on May 22, 1945
in exchange for $4 cumulative convertible preferred stock, on a share
for share
basis, together with a cash payment to be made by the
types; vibrating screens; foundry shakeouts;
ship loading and unloading towers; car unloaders; stocking and reclaiming bridges; grab buckets; self-unloaders
for boats; electric car spotters and car haulage systems; coal avid coke
crushing machinery, and complete storing and reclaiming machines
and systems.
It also produces and sells grey iron and special alloy
iron castings.
During the war Robins has manufactured under prime and sub¬
skip
ital Stock Sold at Auction—The part
That
chemicals and
pursuant
cumulative
$5
coal tipples, public utility and industrial boiler
as
coal
ccnvcyors
flight
bucket,
its
mines and manufacturing plant at Kilmar, Quebec.—V. 161, p. 2219.
under
enterprises
handle
manufactures
a
Canada,
coke, ores,
coal,
Co.—Offering of Preferred
& Co. and Maynard H. Murch &
Exchange
,
hoisting, storing, crushing, sizing
as
56 a in
Paper
Dauch
&
sold
shares
Co.
substances
$313*3!*'
152,500
otherwise. A total of 30,606 shares of the stock was ex¬
changed for the $5 cumulative convertible preferred
stock, leaving 5,294 shares to be taken up by the under¬
writers.
The price of the stock was $105 per share
of
6,205
installed by Robins include machinery and
$279,911
8,036
and dividend.
to
1.6
factured and
$5.44
$6.91
&
130
6'lfii
76oVinn
^' u
' 17,378
Cr6,36o
May 25 announced that the 35,900 shares of $4
(par $100) have
on
been
,
.not
are
135,614
$1,073
cumulative convertible preferred stock
Business of Robins Conveyors, Inc.—Robins is a pioneer builder of
solid bulk materials handling machinery.
The types of products manu¬
$1,549,978" "$7219,869
.
sales
$9371(7
6,151
715,000
_
Hinde
their
issuing
^883
2211.
P.
Stock—Glore, Forgan
Co.
39i'fra
4
75,000
cn
profit
161.
$6,l44"jon
$117,995
taxes
Dividends
of Robins to
shares of Robins capital stock <$10 par) on the basis
shares of Hewitt stock* for each one share of Robins
stock, or, assuming 100',/
acceptance of such exchange offer, the
issuance of an aggregate of 120,000 shares of Hewitt stock In exchange
for the 75,000 outstanding shares of Robins stock.
The exchange offer is conditioned upon the exchange of at least 30%
(60,000 shares) of Robins stock of Hewitt stock, and upon Robins'
stockholders accepting the same agreeing not to sell any of the Hewitt
stock received by them upon such exchange for a period of 60 days
after the effective date of the registration statmeht except as to the
Shares which the selling stockholders have agreed to sell to F. Ebedof
$1,018,440
provision for prior years
Under
Exchange Offer—Hewitt is offering to the stockholders
acquire
1945—9 Mos.—1944
1945—3 Mos.—1944
Period End. March 31-
Costs,
sell
to
propose
(which
.
Hancock Oil Co. of California—Earnings—
Gross
wife)
offered
$282,534
4,503
172,000
Cr50,000
—
income (est.
Post-war refund of exc. profits tax
shares of Hewitt stock which is now
reflected in the above figures).
Com¬
pany is advised that Thomas Matchett, whose resignation as President
of
Robins
became
effective
in April,
1945,
had subsequently sold
12,500 shares of Robins stock (to be exchangeable for 20,000 shares of
Hewitt stock pursuant to the exchange offer); and that such shares
were sold, by private sale, for investment to persons who were already
holders of stock of Hewitt or Robins or both companies.
'
The
management of Hewitt believes that control of Robins by
Hewitt through acquisition of at least 80%
of the stock of Robins is
desirable both practically and, financially, and accordingly the board
of directors of Hewitt adopted on April 24, 1945, a plan of reorganiza¬
tion looking towards such an acquisition.
(his
cumulative
6%
118,891
expense
Federal
"exchange offer" of such shares of Robins stock they will own an
aggregate of 5,864 shares of Hewitt stock (1.7%).
Company is also
informed
that members of the Coobah family own 5,700 shares of
Hewitt stock (3.4% ) and F. G. Cooban owns one director's qualifying
share of Robins stock.
Thomas Robins Sr. and Winifred H. Robins
company
special meeting
shares of
income
Interest
the
Hamilton Watch Co.—Recapitalization Proposed—
The
$899,549
107,.151
income
Total
'2,524
922
and exchange pursuant
acceptance
Upon
(4.4% ).
stock
Robins
of
$175,183
Operating profit
$3,330
141
280
*3,272
,
Balance
Preferred dividend requirements
4,853,649
& gen. exps
adm.
Selling,
1,321
183
2,270
4,732
Promised Acquisition of Stock of Robins Conveyors
Inc.
Since 1926 Robins Conveyors, Inc., lias owned a substantial amount
of the common stock of Hewitt.
Robins has never sold any shares of
common
stock of Hewitt, but, as a result oi recapitalization of Hewitt
involving increases in, the number of shares of Hewitt common stock
outstanding, the proportionate stock interest of Robins in Hewitt has
declined from approximately 85% to approximately 41',f, such interest
presently being represented by 69,474 shares of Hewitt.
Several
of
the
stockholders of
Hewitt are also stockholders of
Robins
and
four of the directors of Hewitt are also directois of
Robins.
Comoany is informed that members of the Robins family
own
a
total of 10,718 shares of common stock of Hewitt <6.4'/ > ancl
32 713
shares of stock of Robins
(43.5',/ ).
Upon acceptance and
exchange of the shares of Robins stock owned such persons will own
an
aggregate of 63,059 Shares of Hewitt stock, equivalent to approxi¬
mately 18.1% of the tctal of 348,188 shares to be outtsanding (lneluding
69,474 shares owned by Robins Conveyors,
Inc.) assuming
100% acceptance and exchange purspant to the "exchange offer" and
after giving effect to the
sale by Hewitt ol' .the 60.000 shares now
offered.
Company is also informed that members of the Matchctt
family now own 600 shares of Hewitt stock (.3%..) and 3,290 shates
Dec.
in¬
Fed.
in
taxes
come
Period
7,359
6,278
5,417
9,292
5,570
1944
31,
30,
Sept.
$3,357,952
1,222,286
1
taxes
Period
1940
-
$6,705,081
3,334,621
939,537
of
Cost
1943
$4,449,340
allowances-
less returns and
products sold
Sales,
During
Quarter Ended—
June
$3,307,508
50,444
ing reduction)
Other
During
$9,943
1943
31.
1044
Shipmts
During
End
of Period
Dec.
March
adjustments
inc.
at
5,266.748
76,864
_
Maintenance
Fed.
$1,357,359 $17,791,889 $15,877,518
16,150
Operation
Received Cancellations
Orders
Years (Robins Conveyors Inc.)
Reductions,
Orders'
Unfilled
1945—12 Mos.—1944
1945—Month—1944
Statement for Calendar
Income
Price
Company—Earnings
States Utilities
Gulf
Period Ended Feb.-
£
oo-o
p.
2333.
'
'
'
stock ,par SlO0». $3,590,000: common stock >P?r
earned surplus, $5,732,204; total, $14,647,816.—V.
,-t.:
j
Number 4391
161
Volume
THE COMMERCIAL & FINANCIAL
CHRONICLE
Hawaiian Pineapple Co., Ltd.—New Vice-President—
has been elected Vice President.—V.
Amory
Harcourt
161,
Hudson Bay Mining &
Smelting Co.,
2109.
p.
3 Mos. End. Mar. 31—
"Est.
(Charles E.) Hires Co. (& Subs.)—Earnings—
Ended March 31—
6 Months
1945
sales
of sales, inch selh, advert, and
Net
Cost
delivery
2,172,549
1,759,578
148,266
Other income
$275,577
$493,510
32.371
52,263
23,313
$47,698
income
$327,840
$516,823
Discts., prov. for doubtful accounts,
etc.
-
16,869
Federal normal
Federal
and surtax
profits tax
excess
Earnings
p.
161,
income
taxes.
tBefore
Gross
15,200
$0.43
1945—Month -1944
(&
559,662
2,400,877
2,264,559
Operating income
Non-operating income.—
$207,798
$196,419
$788,579
$797,933
12,549
12,758
38,301
39,665
$220,347
$209,177
$826,880
$837,598
133,198
135,061
533,286
541.365
96,700
98,658
387.650
412,333
$9,551
$24,542
$94,056
$116,100
Gross
$0,53
3 Months Ended March 31—
Gross
operating
Costs,
oper.
and
income)
holds
taxes
general
deprec.,
Depletion,
1945
•
income
charges
adjust, inc. bonds
Deficit
"Exclusive of
(other
than
$2,347,044
interest
799,160
surrendered
781,113
643,526
501,782
change
three
present
expense
amortiz.,
The stockholders at
Federal
common
company's
lease¬
abandonments
and
1944
$2,769,953
income
.exps.,
The
;
on
adjustment income bonds.—V.
operating
income
Otner
$1,327,267
Interest
$1,064,149
5,975
4,448
—
income
Total
$1,333,242
Federal
income
Dividends
income
3
taxes
134,360
See
Assets—■
in
securities,
accounts receivable,
inventories
of
U. S.
petroleum
and
Net
161,
65
1881.
p.
for
stock
change
a
Gross
the
of
from
the authorized number
the
for
of
the
enable
to
shares
voted
shares
2,000.000
Other
the
of
to
now
authorized
161, p.
of
$2,823,929
307,742
20,512,814
112,891
126,421
Illinois Central
Period End. April 30-
has
purchased
capital assets
and
a
the
New York
Stock
increase
to
Sojuble Coffee Co.
28
amount
income
Taxes
1427.
the
(other
than
freight
1944
$55,930,928
$55,306,967
1.685.987
1,515,004
—
LA A,.
general
on
on
income
that
manufacturers
The
Pa.
was also recently acquired.—V.
$57,666,914 $56,821,950
Dividend
of
State
corpora¬
963,573
5.049,651
administrative
1,642.021
1,690,036
598,146
623,343
debt—.
-
expenses.
_
other debt-
:
discount
and
466
Hall
Total
RR.
161, p. 567.
233,930
ot
subsidiary..—
Ry.
and
income
accounts-payable,
and
Long-term
Capital
other
accrued
property,
taxes
$1,515,051
$1,310,089
1,500,000
1,500,000
9,285,945
47,500
Capital surplus
paid
-
expenses.,-.
-
in
Earned surplus:
.
363,616
363,616
98.180
for contingencies..
Unappropriated
98,180
12,115,972
Net
ry.
948,610
-V.
to
53,745,172
4,545,448
18.654,630
169,488
910,221
1,534.534
$2,627,532
113,611
deductions
114,619
481,239
161, p. 1203.
3,414
17,938
4.101,998
income
$1,718,789
$1,982,419
$6,809,484
$6,893,952
Federal
Earnings
income
of
and
Company
excess
profits
I't
Gross
r
Period End. Mar. 31—
Gross
from
rev.
1945—Month—1944
1945—3 Mos.—1944 •
from
Net-from
$507,361
$526,434
$1,479,994
$1,493,947
355,117
331.270
1,027,934
941,616
$152,244
$195,164
$452,060
$552,331
Net
1,914
7,015
5,694
Net
ry.
$154,660
$197,078
$459,075
taxes
the
Net
ry.
—V.
from
revs,
Deductions
Net
oper._
138,316
171,866
410,475
488,102
$16,344
—
revenue
$25,212
$48,600
$69,922
—V. 161, p. 1881.
Jan.
Finance Corp.—Listing of
ry.
3%% Preferred
Redeems Unchanged 5%
were
surrendered
The
sand
under the
exchange
300,000 shares
100,000
that
official
of
the
shares
exchange
declared
was
5%
of
of
100,000
or
more
the
number
acceptable
were
25.
and
17,
under
of
on
a
under
payment
shares
the
surrendered
the
the
its
terms
holdings in lots of 21 shares
pro rata basis to the nearest full share.
preferred stock were called for
share plus accrued dividend
per
p.
Railway
Cole,
2333.
continue
New
•of
F.
to
Net
officers
of
155,536
3.118,237
2,549,900
1,730,704
1.366.868
948,215
represents
21%
490,976
476,306
459,419
557,726
Ten
ago
under
the
same
Young-Quinlan Co.
name.
are
Chairman
and
$5,611,492
74,744
Parker
due
Company
Co.,
1974 at
was
81,656
97.507
384,902
412,575
$7,007
$25,455
$130,905
3,174
4.210
12,849
23,054
Total
income
$119,366
$11,217
$38,304
3,163
3,108
12,561
12,333
33,812
41,514
135,328
167.322
Inc.,
New
York,
total fixed charges
income
are
incorporated
in
New
Jersey
Profit
before
war
Federal
and
on
July
6,
1926.
metes.
of Dec. 31,
as
1944
funded debt—
30,000 shs.
None
6,905 shs.
25,000 shs.
5,500 shs.
1,697 shs.
5,232 shs.
*$100,000
cumulative preferred ■stock
•Common stock,
rfon-voting__
•Common stock, voting
dated
,
taxes
is4i„
poration
~
~
——
-
_ —
iz—zziiiiiliziiiilliiiiil—
"Net.
$29,730
.
"""""
net
$7,654
27,331
6,382
27,627
7,373
26,954
7,576
information
proceeds
working
to
the
capital,
outstanding.
p.
1943.
the year
realized
Based
obtained
expected that
for
company,
for
the reduction
said
by
in
refund will be required
any
the
three
months
ended
"In
today
expanded
absorn
will
carry
until
on
as
war
industry
essential
an
not
was
industry.
priorities.
shareholders
of
and
und
for
production
1944
it
Had
that
at
tonnage
tons
of
economy
than
before
and
the
time
1944.
the
dealer
other
has
risen
Kraft
mill.
expect good markets for
There < is a greater
war.
of
and
paper
said
also
the
board
felt
company
strong long-term market for newsprint.
immediate post-war years when so many companies
the
local
of
tonnage
Newsprint
512,000 tons in 1914, the
serviceability
He
und
meanwhile
in
to
the
war.
that
54%
newsprint
1,344.000 tons.
was
reason
after
fact
represents
subsidiaries,
products represent 25%.
only 28% of production.
paper
2,470,000
to
the
to
today
its
a
will
distribution
markets
Into
relationships,
which
manufacturers
distribution
retail
must
and
go
IochI
is
no
covers
re-establisii
to
consumer
accep¬
tance."
Chairman
to
told
especially
had
company
special
a
Paper Co.
the
woods,
total
that,
despite
severe
International
production
from
Paper
2,363,511
manpower
Co.
and
in
tons
it*
1943
1944.
had prepared for its shareholders
five-ply kraft paper board developed
the
for
in
raised
2.469,997 tons in
upon
shareholders
Armed
$348,453
displays
that any excessive profits
March
31,
1945.—V.
161,
letters
were
value
others
Forces
and
known
as
a
display
based
by International
V-board.
Among the
and
from
high
importance
have
used
to
of
military
this paper
manufacture
officials
testifying to the
which the Company
product
millions of
containers
under
the
The
following were elected directors of the company:
Malcolm G. Chaoe, II. A. Colgate, Richard J. Cullen,
H.
Hinman, W.
Charles
Jr..
B
result of renegotia¬
a
of
extent
to
face the problem of re-establishing their
marketing and
systems newspaper space may be very much in demand.
There
other advertising medium which so
effectively and economically
John
as
no
capacity
great
any
markets
board
production
products
$943,630
year 1942.
No refund
the experience of the corporation
renegotiation for prior years, it is
1944 and it is not believed
for
has
general name of V-boxes.
upon
it
Hie
company
company
board
the
of
containers
the
and
$0.53
refund of $32,300 for the
made a net
required.for
It
are
time:..
*
accounted
of
1935
$402,168
renegotiation proceedings completed for the years 1942
the War Department Price Adjustment Board the cor¬
and
A.
V.
161,
8.
Tompkins,
p.
N.
McCain,
H.
R.
Burlbut,
F. K.
Weaver,
J. H
Friend,
Percy H. Jennings, David T. Layman,
Ogden Phiups, Erlir.g Rils,
A. H. Wlggin and W. G. Wooll'olk.-—
Morrow,
2220.
International Salt Co.—Calls
All
of
314% Debentures—
the
outstanding 12-year 3*4% sinking fund debentures, due
1, 1951, have been called for redemption on July 1, next, at
101 V» and interest.
Payment will be made at the Chemical .Bank /&
Trust Co., trustee, '165 Broadway, New York, N. Y.-~-V. 160, p.' 627.
Jan.
1318.
Industrial Steels, Inc., of Cambridge, Mass.—MergerEastern
see
Stainless
Power
Company—
The
ration
Steel
Corp.
above.—V.
159,
p.
110.
&
Light Corp.—Ceases
to Be Holding
In
ered
•
Securities
has
and
ceased
to
Exchange Commission
be
a
holding
has ruled
Power
Co.
common
and
2,400^ shares
the
International Telephone
of
Missouri
Edison
Co.
& Telegraph
Corp.—okidala
Promoted—
j
Buttner
H
Ogilvie, Second Vice-Presidents, have been
Buttner also is Vice-President of Inter¬
national Telecommunications Laboratories, Inc., and is Vice-Preslderlj
and a director of the Federal Telephone
Radio Corp.--V. 161, p. 2226.
elected
and
G.
Vice-Presidents.
A.
Mr,
corpo¬
Inland had deliv¬
Arkansas-Missouri
common
reorganization plan.
The petition also stated
that Inland does not now, directly or indirectly, own, control or hold
with power to vote
any of the outstanding voting securities of
a
public utility company or of a company which is a holding company
within the meaning of the Holding Company Act.—-V. 161, p. 988.
to
Inland's
that
company.
requesting the exemption, the trustee stated
to
the Middle West Corp.
39.278 shares of
pursuant
estimated at. $90,000, are to be
of bank loans and tor
general corporate
purposes, including expansion of the amount of loans
S-I'Plied. to
to
by
was
were
in
tons
and
Renegotiation of Government Contracts
1943
of
paper
Total
$402,168
and amortization of
.—.
wjueh
container
company
45%
$0.45
equipment-—-—
of.
that other greatly
peacetime
demand
and
products
1,005,200
Income
'Before Federal income taxes.
The
Note—Total depreciation
Pursuant
kraft
$342,607
dividends
preferred
to
since
war
peace
purposes.
We believe that the
civilian
use.
which has been severly
board
other
balance.
Cullen
acceptance
H.
Gross
'
after
the
in
Productive
or
problems
immediate
peace
war
man-power
the
719.600
income-
on
finding
restored.
are
460,000 tons and in
was
paper
The
profit
Inland
Income
'
58,626
July 15, 1944, due July 15, 1974.
Earnings for Calendar Years
3942
$1,465,994
680.132
-
profit
tion
Outstanding
Authorized
$1,854,839
income-
and
there should be
emergency
on
profit per common share
hot
Capitalization
Mr.
great
and
by the company are repayable in weekly, semi-monthly
monthly instalments and are restricted by regulation to a maximum
maturity period of 12 months.
All loans are evidenced by promissory
1944
suddenly
attention
of
$455,107
Is
•
of
taxes
for amortization
Federal
1935
subsidiaries
1945
consider.
strong
container
represented
the
shortages,
(& Subs.)— -Earnings-
during
dispose
to
to
problems
for
paper
called
and
1,620.000
The
amortization
20%
facilities
Estimated
in the State of New Jersey
or
3942_
*$25,746
,:'$109,585
to
manufactures
up
in
for
given
production
years
kraft
2000.
p.
Industrial Rayon Corp.
offering $100,000 4'/a %
Loans made
—_
*$33,405
$82,391
161,
3 Months Ended March 31—
plant and
business of lending money
binder the Small Loan Act of that State.
3944
$153,959
"
deductions——
Net
100 and interest.
•engaged in The
4Vi;% debentures
385,103
the
production went from 721,000 tons in 1935 to
decline being largely due to the sale of its Newfoundland
4,682,909
79,616
4,816,961
314,041
Net
R.
1945—4 Mos.—194.4
$5,541,359
1,147,455
$116,192
Misceil.
Net
Hub Loan Co., Jersey City, N. J.—Debs. Offered—
Edward
in
$1,326,713
Other income
the board; Mr. Cole, President; A. L. Nennan, Vice-President,
A,. Hohfeler, Secretary and Treasurer.—V. 161, p. 1881.
debentures
Chairman
paper
total
from
income-
Provision
Henry C. Lytton,
The
the
Newsprint
1945—Month—1944
in
war
"Later, when the vital role of paper and paper containers was fully
recognized by Washington authorities, the industry was classified as an
industry.
The greet demands of the Armed Forces Were met
by pushing the existing productive capacity to the utmost and by
taking supplies away from the civilian markets."
3,785,317
1,064,625
the
beginning
not
difficult
meet
essential
kraft
oper.
ry.
the
at
4,043.494
1,767.448
$1,342,089
wartime
war.
face
a
it
surplus
war
used
pulp,
was
272,073
Executive
operate
upon
$719,277
accruals—
"Deficit,—V,
Vice-President, on May 23 announced
the purchase
by this company of Young-Quinlan Co., Minneapolis,
Minn.,1 specialty shop,
in
a
cash
transaction
for
an
undisclosed
amount.
Mr. Cole said that the Young-Quinlan store, which has been
■doing an annual business averaging between $2,200,000 and $2,500,000,
will
looked
114,944
RR.—April Earnings-
to
provide
388.853
.
of
products
the
$846,126
& jt, facil. rents
Equip.
Net
W.
tax
will
117,757
income
strict
from
manufacturing
built
business conditions
"Actually
424,520
Period End. April 30—
(The) Hub, Henry C. Lytton & Co.—Acquisition—
Willard
curtailed,
normal
$938,974
•
under
extremely
must
convert
which
plants
face
to
being
to
been
been
have
paper
446,419
_
Railway oper. revenuesRailway oper. expenses-
maximum
offer,
April 1, 1945 to June 18, 1945.—V. 161,
for
1942
offer.
exceeded
need
has
war
not
now
need
products
have
will
313,489
—
operating
the
industries
not
demands
not
1943
Indiana Harbor Belt
preferred stock were accepted and cancelled
3%%
preferred stock are being issued,
The remaining 80,000 shares of 5%
redemption by the directors at $107.50
of $1,084 from
May
Earnings—
1999.
p.
do
1944
income
oper.
the
$1,015,387
railway-
railway...,
161,
"We
products
new
under
accepted
offer of April
effective
xvi(h cash to those entitled to
Because
—V.
preferred stock
shares of its 5%
7,218,324
is
face
not.
substantial
has
The industry
railway
from
ry.
of
production
15,860,579
11,955,856
from railway
Net
Preferred Stock—
120,592
51,099,379
23,993,240
9,249.452
From Jan. 1—
Net
Stock Exchange has authorized the listing of
.shares of 3%% preferred stock (cumulative, par $1001 upon
notice of issuance and subject to adequate distribution.
68,560,065
25,968,087
8.690,373
1945
oper,
100,000.
New York
72,461,057
25,234.349
Illinois Terminal RR.-
from
1,747,915
2220.
p.
from
2,864,882
72,298,640
income
April—
Gross
2,660,025
it
same
have
industry
industries
4,541,565
will
which
the
not
because
$13,669,096
5,754.528
7,123,568
2,065,045
railway
railway
161,
Gross
The company reported
1942
1—
oper.
Net
Stock—
The
6,232,848
from
Net
Household
1943
$18,118,362 $18,544,237 $17,046,756
oper.
From
Gross
Net
•
1944
It
Government-financed
Only
$558,024
Operating expenses—
Net rev. from transp.
Revs., other than trans.
railway
railway
income..
from
2,415
transp.
.1945
products
will
will
other
in
period.
essentially
.
April—
Honolulu Rapid Transit Co., LtdL- -Earnings—
companies
post-war
the
industry
paper
Which
4,368,682
for
311.401
$2,116,705
post-war conditions, he remarked:
17,557
1.074,628
providing
591,176
$2,110,243
profit
"The
412,603
4.025
1,018,329
"Alter
$2,428,107
Post-War Problems Will Not Be Difficult—
11,165,576
$24,926,264 $23,770,906
181.579
0340,938
$2,701,419
—
The company,
Mr. Cullen said,
controls.
Regarding immediate
$2,945,842 $10,448,181 $10,867,588
charges
Fixed
130.063
330.562
0368.815
.
reserves
Net
17,970,757
496,573
income-
oper.
5,773,128
119,269
taxes
Interstate Bakeries Corp.—Earnings—
16 Weeks Ended
Sales
—
Profit
Federal
Net
1945
April 21—
,
1944
—&11.12H.66S Slu,619.523
before
taxe*
income
and
income
-V. 161, p. 2220.
excess
^*
taxes.——-.
273.2.8
profits
$197,891
>
030.013.
4,465,276
,
and
$84,118,051
54,444,640
4,653,760
income
Misceil.
"Net
Total
$84,457,672
13,169,366
13.781,381
1_
Drt
(net
Other
Appropriated for self-carried insurance
Appropriated
$21,559,246 $21,030,144
Railway tax accrualsEquip. & jt. facil. rents
47,500
:
-
revenues—
oper.
1945—4 Mos.—1944
9,285,945
obligations
stock
oper.
Ry.
Liabilities—
Notes
1,713
Earnings of foreign subs, before Interest on
obligations
held
by
company—transferred
Earnings of System—
*1945—Month—1944
-
226,023
1,713
.
;
taxes
Balance
52.491
2,973,879
———
preferred slock
other foreign
Post-war excess profits tax
macaroni,
Barrington
3.381
44,327
expense-
2,761,831
on
Canndan
2,963,921
4.959,934
——
Excess profits (net)
this
33,171,997
delivery expenses
and
funded
£4,602,531
3,620,967
taxes)
1,004.728
and
Depreciation
Depletion
com¬
each,—
$1
par
'
Exchange
1945
——.i....
-
Prepaid and deferred charges.
common
commission of
Subs.)—Earnings—
-A >
——
Amortization of debt
authorized
shares,
announced
Foods, Inc.,
Reynoldsville,
of
(&
allowances and discts.
Pulpwood, labor, materials, etc
Maintenance and repairs—..:
Interest
National
noodles,
Specie!
—
of
.Cost of sales;
out¬
Selling,
3,000,000
May
on
Corp.
share with
U. S, Federal taxes:
Slotkin, President,
Chemical
per
on
less returns,
income (nel
Normal
tion
made
sales,
Total
com¬
issuance
150.565
Ilygrade Food Products Corp.—Acquisitions—
spaghetti
&
Inc.
increase in
29
Minerals
568.
of
shares
two
1655.
p.
Samuel
funds
578,495
3 Months Ended March 31—
proposal to ex¬
a
each
approved
to
May
on
336.904
special
,194,456
1,530,743
International Paper' Co.
Dec. 31,'44
products,
receivable
4.236,553
1,195,047
(par $5) at $21
cents, was
p.
Packing Co. above.
$2,998,999
companies,
3,366,488
1,209,915
May 24 by Eastman, Dillon & Co.
The issue was over¬
subscribed in the elapsed time of 15 minutes.
Bids were
received for 30,885 shares and allotments
were made o: t
a basis of
48.6%.
There were 64 purchases
by 30 firms;
7,380 was the largest allotment, 20 the smallest.—V.-16L
Foods, Inc.—New Name—
21,477.470
other
accounts
also
future acquisitions.—V.
$24,926,264 $23,770,906
in
deferred
They
remaining 274,152*2
stockholders
161,
Govt,
materials and suppliesInvestments
stock
500,000 shares
shares in exchange
.common
The
meeting approved
common
Foods,
an
160.000
Hunt Brothers
The
V.
Mar. 31,'45
banks,
223,959
,576.937
2,755,028
International
Hupp Motor Car Corp.—Increases Stock—
mon
Cash
355,080
9,659,973
Offering—A special offering of 15,000 shares
Interest
$0.99
Sheet
:
new
Hunt
$929,316
paid
Hunt
be available for
110,000
$1,184,763
months
265.835
10.161,176
2000.
p.
Outward
29,281
$1.26
for
will
new
stockholders voted
standing.
$1,068,597
14,118
paid
Estimated
Net
income
of
outstanding.
to
shares from
mon
their annual
shares
name
225,847%
Net
273,266
9.733.036
income.__
oper.
161,
stock
Packing Co.—Stock Split-Up Approved
—-Name Changed—
Subs.)—Earnings—
411,674
$3,062,492
584,046
and
exp.
Hunt Brothers
Oil Corp.
1.064,950
1945—4 Mos.—1944
taxes—
Oper.
880.
Honolulu
1942
$1 .588,163
813,994
railway
railway—
from
ry.
—V.
$3,189,456
$221,362
$0.06
1943
S2.512.800
637,705
from
Net
RR.—April Earnings—
$756,101
Int. on
"23,100
1944
S2.620.051
ry. oper. income:.—
From Jan. 1—
for
$791,844
"Income
$178,503
provision
from
-Earnings-
1945
S2.411.317
railway
railway
Net
Hudson & Manhattan
140,000
income taxes
share
per
—V.
SO.76
Net
Period End. April 30—
Gross
oper.
revenues—
95,700
profit
Net
96,000
$0.66
44,561
$25,129
and foreign
State
(est. t—
30,238
5,700
■"
April—
Gross from
Net
138,257
$15,327
International Great Northern RR.
1942
t$2,086.460 t$l,662,054
$0.60
ciation, depletion and estimated
depletion.—V. 161, p. 2110.
1,235,923
155,430
expense
Operating profit
Total
$1,867,690
1943
f$l,643.683
$0.51
......
Ltd.—Earnings—
1944
$1,401,705
deducting all operating costs, including administration, depre¬
1943
$2,183,421
1945
.
earnings
share
"After
1944
$2,343,306
and general expense
Admin,
Per
net.
2447
^77,471
,
213,73."*
$163,739
lor
the
of
All
v
redemption
be
made
V.
160,
next,
1,
at
and
par
Bank,
National
Baltimore
the
at
July
on
have been called
1, 1955,
outstanding debentures due Jan.
"Net
Payment will
Baltimore, Md.—
interest.
trustee,
Net
Investment Co. of America—Quarterly Report—
1945
Income
Expense
^Profit
:-?-Net
—
—
profit
Gross
sale
from
profit
of
14,691
refund
of
portion
1942
of
tlncludes
and $152
"first in, first out."
franchise
tax
in
Assets—Cash
banks,
$3,753,610;
(at cost),
payable
income
securities purchased,
lor
payable and unclaimed
Federal
than
dividends, $7,345;
capital stock
161,
2220.
p.
•
oper.
..
-
John
taxes other
$1), $180,513;
total, $3,896,506.
Other
succeed
of
Pittsburgh,
Patrick
J.
of
been elected a
160, p. 2185.
has
attorney,
an
Lannan
Chicago.—V.
Johnson—New Director—
&
David
F.
Smith,
director
directors.—V.
of
research,
of
Net
$424,108
$5,125,966
197,187
2,503,352
2,395,006
592,436
567,999
40,000
40,000
480,000
Gulf
to
the
$77,695
542,950
$94,622
395,025
$1,007,227
Net
1944
$392,054
174,189
164,683
186.708
income.70,268
oper.
ry.
from
Gross
40,318
earnings
net
$81,032
$98,284
$1,052,575
68,274
\
46,284
552,351
ry.
railway.-/.-
1,422,923
income...
t319,362
313,459
oper.
161, p.. 2334.
and exps., etc.,
'
income
Net
£-V.
i:
161,
15,109
13,032
$22,328
—
170,746
$36,891
168,740
$329,477
Iron Fireman Mfg. Co.—Annual
Stockholders
'
•
Report—
the
through
receiving
are
mails
booklet
the
1944,
illustrates
war
products which the company
iforce and merchant marine.
annual
•.In
the
said
that,
report
excluding
88#
increased
the
to
built
the
for
items
various
the
army,
T.
building,
gas
air
on
key
a
in
1944
subcontractor
and
—V.
Consolidated
Income Account for Calendar
StdeS
1943
$18,659,321
etc.—
Costs, ."expenses,
'
"
161,
Profit
'
32,687,925
taxes
Post-war
;
tfet
profit.
713.062
$1.86
$2.50
$1.37
$1,892,458;
accounts receivable
$139,254),
$2,618,522;
inventories
(at
of
In
ment
receivable
associated
cost
(after
amortization
of
$688,206),
Liabilities—Notes
$1,464,679;
(trade),
$821,038;
for
$220,000
U.
S.
income,
gencies,
$26,000;
$265,000;
banks,
payrolls,
income
reserves
and
for
The
by
will
company
plan
which
It
are
the
shares
Electric
&
and
common
held by
of
($25
new
preferred
canceled,
and
are
trust
and
and
accounts
$677,721;
(after
shares
costs
of
no
surplus,
crediting
arising out of
value),
par
$2,814,379;
$1,«
total,
simplification
of
the
and
stock,
the
approves
par)
and
be
plan,
bonds
stocks
common
pledged
a
note
issue
and
issue
for
ry.
—:
profit
the
of
the
for
'
10-vear
all
of
ry.
at
John
Cook
B.
$28,083;
State
Operating
Operation
revenues
is
out¬
to
Island's
in
Co.
Quarter Ended
Operating
Operating
—
;
i
63,331
—
Utility
$284,966
:
Under
'
■
,
1944
1943
1942
$234,898
$145,001
$387,927
188.269
114,573
32.710
240.325
•.>-•, 175,237
'I'tf.-Wti
■
98,416
15,997
184,249
•
be
new
collateral
1945—12 Mos.—1944
The
there
a
161,
'
4 8 6,332
37^286
"20,142
3 67,086
252,409 r-v 626,132
cf 81.142
r-*150,933
191,004
170.598
256,559
r;
Gross
year
Income
Net
ry.
railway
railway
oper.
From
Make Ex¬
11,917
146,484
8,333
deductions
Preference
8,333
1 00,000
143,672
100,000
.
$375,170
$361,655
Dr7.128
Dr2.251
368,042
359.404
8,522
8,159
108,145
101,477
$24,468
Common
-V.
161.
dividend
dividends
$22,079
$259,896
$257 926
requirements
117 317
95 628
91 800
paid
qi'ann
91b0°
2001.
p.
Gross
from
Net
from
Net
rv.
stock,
of
income
1943
$293,232
102,548
s
116,947
23,892
The
ICC
on
ownership of
P.
Gross
Ry. Co..
An
sas
April
stock
24
Morris
and
the
aoDlicarinn
& Northwestern RR.—Control—
approved
by Harry E.
and
H.
Snerson
Southern
New
railway
which
of
the
acquisition
of
Murray M.
company,
the
.
(
642,680
207,006
310,796
951,767
1,241,556
$11.9,970
$251,559
$488,056
$780,496
income-
702
•
3,126
$496,394
$783,622
140,974
173,611
"
'
debt
debits
8,338
$251,891
$120,672
331
34,090
40,467
1,339
__
1,339
income
$85,243
—
$211,423
$354,081
$610,011
2111.
p.
&
Arkansas Ry.
-Earnings-
1945—Month—1944
1945—4 Mos—1944
$1,791,225
$1,618,064
$7,113,227
$6,548,485
1,061,288
1,005.873
4,001,785
income
372,000
311,600
1,646.600
3,973,486
1,320,400
78,721
76,432
316,391
304.668
$279,216
$224,159
$1,148,451
$949,931
221.988
ta^es—
taxes
Railway oper. income
Equip, rents (net Dr)—
facii.
Jt.
Net
—V.
rents
rv.
67,158
51,670
235,664
Dr)
11,264
14.007
44,156
income,
$200,794
$158,482
I'
$868,631
(net
oper.
161, p.
Net
2002.
•
control
through
Salzberg, Mever
Unadilla
Valley
York
of
Arkan¬
42.184
$685,'
ly'iiU
and
gas
Co.—Earning's-
1945
1943
1942
$897,360
$748,026
$628,430
28,430
income
1944
$996,217
24,143
26,930
18.135
$967,757
oil
$873,217
$721,097
$610,295
expenses
'
.
Profit
Admin,
taxes,
aband.,
etc.
Profit
Other
leases,
April—.
Gross
income
35,106
49,844
1,185,314
1,157.205
1,105.565
480.050
557,246
540.926
103,988—
:
243,419
177.555
$574,884
$477,677
$432,740
&
amort.
77,132
88.391
$554,810
$521,131
2,165r
$447,478
$577,049
Net-
82,136
57,214
138.099
78.240
$395,342
$519,836
$416,710
$442,891
$0.13
income
"Earnings
$0.17
$0.14
$0.1 f
106,908
127,043
177,808
share—
per
2,963,806 shares of capital stock.—V.
160,
p.
Louisville Gas & Electric Co.
(Ky.)
Period End. March 31—
Operating
revenues--—
TNet
income-
(& Subs.)—Earns
1945—3 Mos.—1944
1945—12
$20,296,228
1,102,705
3,972,627
693,205
759,140
2,706,697
—
...f'l" operating expenses, maintenance,
™,!!rr "e5iuctlons for ah interest charges,
RR—Earnings—
1945
1944
$481,205
$519,182
.
railway
taxes,
1943.-
et<
du
expenditure:
depreciation,
of debt
amortization
capital
*
1942
$556,359
$539,596
123,946
169,482
222.366
218,551
103,502
135,824
1,806,940
2.089,646
2,042,210
Toiaica
1.787,159
^ ^.his comParU'
kwh.
29,071.000
as
100,571
Income
$19,271,18
4,292,19
2.973,72
acquisition adjustments, etc.
Weekly Output—
79,837
.
Mos.—1944
$5,441,509
1,047,767
income
oper.
2404.
$5,615,014
ex}ienfe' amortization of contractual
railway
oper.
•
27,678
income
Deprec,, depl.
158.270
2001.
from
298.332
517,958
$449,799
—
Total
301,519
162,526
463,552
railway
income
p.
lease
expenses,
rentals,
1942
$324,295
;
26,287
1,201,500^.
Lehigh & New England
•
responding
week
last
year,
the week ended May 26.
compared
a
with
decrease
of
194!
30,570,000 kwh. for the cor
4.9#.—V. 161, p. 2334.
From Jan. 1—
Gross
r-
—V.
railway.!
from
from
N-f.
railway
">i)»r.
382.553
691,943
269.435
("feme
415,348
720.544
598,800
450.817
v
Louisville & Jeffersonville
Bridge & RR.—Notes Au
thorized—
366,597
161, p. 1883.
Lehigh Valley RR—Earnings—
Gtoss
ry.
From
ry.
$6 099.029
2,294.590
2,531,622
3,0.92,149
1.196,087
815.339
1.350.866
1 049,458
28,384,818
32.601,127
29.144.022
21.462,126
5.174,345
9.194.724
10.322.978
6,328.233
railway
railway—,
oper.
161,
Income,.
1544
pp.
Link-Belt
The New
notes
for
the company
not
to issue a
4#
deman
princip*
$4.500^000, to be delivered at par to the Cleveland. Cin
^ st- Louis Ry. to evidence advances made by it, 0
Ke lessee of its properties for the payment t
bonds.—V.
?»<!'
matured
1-191,450
and
3,230,759
4,641,479
2,845,922
Stock
of
Gross
exceeding
the
aggregate
Exchange has authorized
stock
(no
par),
the
cn
listing
official
of
100.000
notice
of
881.
RR.—Earnings-
1945
from
railwayrailway
$16,376,424
1944
1943
1942
6,198,968
,494.560
$13,700,367
5,928.849
1,959,566
1.854.438
,355.913
1,552,707
From January 1—
Gross from railway-
70.250.990
70.031.029
Net
from
68 ,442,987
railway.—
25.909.037
26.908.136
Net
30 ,803.525
rv.
income
8,326.102
8.174.274
Net
from
Net
ry.
2001.
common
p.
Nashville
April—
Co—Listing of Additional Common Stock—
York
shares
161,
Louisville &
January 1—
from
additional
or
2 143.764
income—
note,
of
1942
$7,947,271
oper.
from
—V.
1943
$8,539,932
railway-—--
from
Net
Net
1944
$7,819,081
from
Net
fnr
1945
railway——
>
on.APril 27 authorized
piomissory
amount
Net
Railway Inc
authority to acquire indirect control
Inc., was dismissed.—V. 141, p. 2437.
for
\alley Railway,
the
Salzberg.
$2,022,052
4,368.754
j
expenses-
Net
oper.
161,
Grovss
Jamestown, Westfield
$1,439,823
$7,033,485
—
funded
011
Operating
January 1—
ry.
income
$562,355
$326*975
income
161,
"On
1944
$293,947
April—
Net
649,474
3 Mos. End. Mar. 31—
—
19,500 shares of class A
1845
from
from
Net
30,238
160,745
shares
80.000
April—
Net
159,850
15,830
32.991
166,690
oper.
Lehigh & Hudson River Ry.- -Earnings
194,881
14,173
income
5,129,768
revenues-
plan,
now
from
Dr63
$7,219,065
1.104,312
Louisiana Land & Exploration
The class A stock pays $2
outstanding.
in dividends. (Los Angeles "Times" of May 18).—V. 161, p. 881.
Net
Dr631
1945—4 Mos.—1944
$1,827,412
oper.
2001.
p.
exchange would require
703,541
—
Lines—Earnings-
56.419
the
ate
$1,468,718
income—net
$7-
Federal
1,323,528
rev.—
income
Louisiana
share.
732.462
$30,302
estimated
.
stockholders will be asked to approve a plan ex¬
present 6# preferred stock for class A shares in the
ratio of 13,4 shares of class A for each share of preferred.
Any un¬
exchanged preferred stock will be redeemed at the call price of $52.50
$1,548,997
$33,622
for
reserve
1945—Month—1944
—
Other
1945
income...
the
66,593
income,
total,
,
$33,411;
Railway
Railway
days.
changing
$132,975
oper.
$3,679);
of
bank,
,
operating
Net
—V.
81,063.985
....
152.631
railwayLW—.
30
Net
Other
in
dividends
$1,817,193
:
expenses
Non-operating
.
within
62,066
accruals
receivable,
books
cash
$33,411;
.
revenue
•*
$135,081
reserve
$7,191,005;
payable,
31, 1945
the
1944
31,
Dec.
corporatioin is understood to have under consideration a plan
simplifying and improving the capital structure, including the re¬
tirement of the present
11,151 shares of 6#
preferred stock of $50
par value.
Legal details of the plan are expected to be worked out
Subs.)—Earnings—
16.886
Retire,
on
This
...
Taxes
interest
payable,
Los Angeles Transit
Miscellaneous
quarter
railway.*...
oper.
——_
Maintenance
$6,258,681),
dividend
at March
as
(carried
taxes, $5,577; total, $38,988.
ainoitization of plant
(&
Assets
Net
quotations
for
accrued
Period End. April 30—
for
$4,000 000
Consolidated's
1945—Month—1944
34,861
cost,
deposit
on
$166,586,237
Packing
May
change Offer to Preferred Stockholders—
—V.
Jamaica Public Service Ltd.
"102,618
19,516
market
average
Taxes
$325,511
income.
1'—•
"Deficit.—V.
Gross
bonds.
Period End. March 31—
44,722
$54,497
assets March 31,
1945, equivalent to $44.19 per share for the
167,056 outstanding shares of capital stock of $10 par each, $7,382,006,
V. 160, p. 2297.
626,387
" ~
,
railway.....—
from
Net
of
100,000
the
indebtedness
plan
for
Co.
1945—20 Wks,—1944
...
'
oper,
Net
principal amount of Islands'
Island's
of
a
"413
34,284
$28,340
,
„
Gross
—:
for
railway
from
Gross
its
all
notes,
will
exchange
and
like
security
as
in
$40,903
139,760.
at
Liabilities—Dividend
structure
corporate
one
Islands
stock
common
consummation
upon
to
stook
common
preferred
Oil
Superior & Ishpeming RR.—Earnings—
From Jan.
per
June 15.
on
$20,913
Assets, Liabilities and
cash
receivable,
sup¬
payable
expenses,
additional
13,593
$48,575
429,994.
lease
Ltd.—Earnings-
1774.
p.
from
Net
copy¬
Co.—Hearing June 15—
bearing note to refund
indebtedness. - The balance
securities
$40,000;
and
expenses
profits taxes
earned
ncn-interest
present
Net
Consolidated.
Commission
standing
the
by substituting
not
April—
invest¬
recapitalization plan filed with the SEC on April 5
and its parent, Consolidated Electric and Gas Co.,
provides for
Islands
outstanding
taxes
(359,910
before the Commission
come
The
of
Gas
proposed
the
owned),
trademarks
$500,000;
excess
estimated
stock
common
161,
Gross from
■
prepaid
of
Fund
S164,817;
Colo¬
Continental
by
done
Langendorf United Bakeries, Inc.
799.550; paid-in surplus, $595,650;
$9,199,183 —V. 161, p. 2110.
Islands
—V.
products
Treasury Tax Notes, at cost, $1,694,000;
deferred
$5,845; reserves for product guarantees and contin¬
finance
war,
patents,
.7,427
$44,773
Period End. April 30—
$830,993;.
$1,939,767;
50#
be
under
Kansas,
Continental
Oklahoma,
Texas,
Operating Costs,
—
Fst'mated
of
of
premiums,
to
accrued
estimated
receivables
taxes, $24,228; capital assets
$595,253 and reserve for
depreciation
payable
than
(less
the
2110.
p.
production...,
expenditures
and
depreciation
Lake
finished
lower),
12,694
Federal
companies,
and
process
was
161,
of
1944
doubtful
Insurance
profits
excess
for
reserves
rights, $1; unexpired insurance
plies, $61,101; total, $9,199,183.
reserve
from
at cost
company,
for
reserve
materials, work in
of market, whichever
post-war refund of Federal
at
(after
and
milled
War
raw
cost
average
S.
will
purchased
Neb.—V.
Tons
Savings and Canudian Victory
cash surrender value of life insurance policies,
Bonds, at cost, $103,131;
$224,302;
U.
by
held
in
Operating
$1.81
Assets—Cash,
1942
$61,270
13,647
33,411
Securities,
Operating
has
company
Taxes
share..__
1943
$58,420
;
Interest
$052,462
Sheet, Dec. 31,
Agreement—
1945—4 Wks.—1944
Lake Shore Mines
1 5,000
$491,646
Balance
July 1, next,
$34,405,522 $34,675,817 $169,588,024
...
Value
.$900,849
Consolidated
on
Acquisition—
663,773
$668,838
1944
1945
-#
—
paid
Assets
1427.
p.
Sales
$1,316,235
——
per
land
located
Drilling
8,111,157
$1,219,708
3,189,686
250,000
k-
168,105
"Loss.
Net
,
reserve
Earnings1
$4,340,535
1,720,368
....
of
is
Period End. May 19—
$9,427,392
13,872,461
Canadian
and
Dividends
1941
$2,389,206
—
income
1.934.326
118,930
Kroger Grocery & feaking Co.—Sales—
The
1942
land
Wyoming.
Production
federal
1, 935,997
"189,652
—
—
Depreciation
Years
$37,028,4G0 $15,092,169
16,270,115
2.005,589
493,069
2002.
profit
—_
Net gain on secur. sold
and
acreage
This
Scottsbluff,
1944
128,777
9.588.243
2,651,028
161, p.
i
Statement
for
,»••',1
,
limited
a
others.
rado
Buffaloes and for many cf America's famous war
planes, including Thunderbolts, Hellcats, Lockheed Ventura, and the
navy's TEF Torpedo Bomber.
The manufacture of bomb fuses, an
intricate precision mechanism, was also a major production job.
;v
"10,357
12, 250,233
income—
income
Expenses
£
corporation has completed negotiations with the Continental
whereby both will share equally in the drilling for oil and
Co.
Water
for
108,134
13,305,238
—
This
Oil
President,
production
/.
9.
p.
Kennecott Copper Corp.—New
of
navy,
Banfield,
H.
war
is
company
389,251
13,693,721
Net
the Boeing B-29 Superfortress, machining precision parts to the value
of more than $4,000,000.
Other war production consists of prevision
parts
161,
from
stockholders,
The
1943.
over
has
engine
marine
describes
and
.
32-
page booklet entitled "Iron Fireman's 4th 7; ear of War Production."
In addition
to the company's operating statement and balance sheet
for
Y.—V.
N.
comprehensive
a
has called for redemption
company
Total
Redemption—
$170,000 of
first
mortgage 3Va #
bonds, due July 1, 1969, through operation of
the sinking fund,
at 107.36 and interest.
Payment will be made at
the Harris Trust & Savings Bank,
trustee, 115 West Monroe Street,
Chicago, 111., or at the Bankers Trust Co., 16 Wall Street, New York,
The
$376,526
1882.
p.
396,333
'
•./•V
Kansas Power & Light Co.—Partial
deducs.
665,081
.
'■'••
of debt discount
816,503
387,556
174,111
1,468,557
842.781
740,796
576,294
debt...
funded
on
$2,645,690
598.282
railway
oper,
1942
$5, 161,276
724,138
.
3 Mos. End. Mar. 31—
$203,807
83,867
36,132
79,066
'
1,372,318
737,366
<
.
Int.
Amort,
from
ry.
1943
$3,580,120
1,037.852
railway
from
Net
1944
1945
$3,836,032
railway
oper. income—
Net
railway—
from
—V.
$1,121,560
45,672
..
Net
Net
] J Total
$3.33
-Earnings
from
From Jan. 1—
1942
1943
$371,928
railway.—
lroin
Net
$1,081,242
45,347
3,662 V
3,337
—
$4.44
Loomis-Sayles Second Fund, Inc.—Earnings—
$360,604
480,000
earnings..
"$1.34
(after
•
railway
from
Net ry.
Ry.—Earnings—
railway.—
from
Gross
retirements—
oper.
8,862.771
$6,376,228
$1.47
"Deficit.—V,
1945
April—
<te
43,425
Oklahoma &
Kansas
$4,919,272
218,823
48,873
income
share
common
dividends)
Long Island RR.-
161, p. 2334.
From January 1—
Other
7,295,853
$7,442,698
1945—12 Mos.—1944
49.574
;
5,373,714
giving effect to recent 3-for-l stock split-up, which compared
per share for the same period in the previous year if a
like number of shares had been outstanding.—V. 161, p. 2001.
with
Net
elected
been
has
1,793,512
"After
Gross
beard
2,600^000
$6,768,469
taxes.—
profit after taxes
net
per
preferred
Gross
Co.—New Director—
Dougherty
to
Johnson
42,100
taxes
for
Steel
J.
director
■.-<
taxes.
'.——
profits
excess
Prov.
income
Fed.
&
State
Earnings
Net
(par
$428,193
earnings..
and maint._,
Federal
Co.'s Share
$279,750;
$612,770.—V. 161, p. 2110.
to
Jessop
other
$2,770;
of Del.- -Earnings—
1945—Month—1944
Period End. April 30—
exp.
banks,
taxes"—'
-
for
Reserve
2,600.000
1,871,239
before
—$12,142,183 $14,738,551 $15,238,999
profit
share
Company's
April—
Dr.
Qper.
in
and
2,600,000
1,958,018
contingencies————
depreciation.————
summary;
materials and supplies (at cost),
Current liabilities and accrued expenses,
•
Iowa Southern Utilities Cok
Gross
and proven
pipe,
accrued
$1,742;
taxes,
capital surplus, $2,021,067; earned surplus, $1,683,070;
—V.
on.hand
amounted
investments
$18,291;
receivables,
for
for
Federal
position, exclusive of fixed assets, leases
is
shown
in
the
following
condensed
reserves,
total, $3,896,506.
Liabilities—Accounts
accounts
March 31, 1945
$124,605;
tons
$150,856; total, $2,154,316.
i;
including provision for in¬
come, ad valorem and miscellaneous taxes, of $124,123; severance taxes
of $91,548; royalties of $35,687, and notes payable to bank $300,000,
of
miscellaneous income.
Balance Sheet,
long
Reserve
period amounted
during the same
accounts receivable (sulphur),
$475,054; U. S. War bonds and Treasury notes, $270,000; inventory
of sulphur (at contracted prices I, $729,461; investment in subsidiaries,
$50,273; receivable from subsidiaries for advances, $198,923; inventory
$50,543
44,001
40,894
depletion of
15,'45 Mar. 16,'44 Mar.
18,'43
oper.
Reserve
38,126
to
for
profit after
preferred divs. of subsidiaries.— $16,700,201 $19,209,840 $19,632,5U
Company's share
1944.
company's
Cash
$63,439
Delaware
The
sulphur
compared
tons
Mar.
28 Weeks Ended—
IS170.577
t$4.597
assets and
fixed
of
depreciation
JLoss.
and
,
Inc.—Earnings—■
Loew's
•'
-—
$75,029
date
to
-!-$l <0,577
»*"•
$160,447
for
•
20,500
43,500
sulphur at Clemens Dome during the
of
long
55,972
quarter of
31,603
43,135
45,236
|
"On the basis of cost to this company,
to
$18,934
$132,582
——
Cash dividends
$2,000
14,523
$20,304
1102.883
securities
provision
listing
.•
l-~—-
Production
$33,624
$34,827
13,832
L,
and
taxes,,
sulphur and oil domes.
$29,699
—
—
Fed.
1943
1944
$43,530
——
profit
"After
Account for Quarter Ended March 31
Income
for
income
State
to the terms .of an offering to stockholders
making a total amount of common stock applied
840,350 shares.—V. 161, p. 2110.
! f,
underwriters,
1943
J$4,597
/
$95,529
$203,947
earnings
Provision
985.
p.
1944
3 Mos. End. Mar. 31—1945
pursuant
issuance
Sulphur Co., Inc.—Earnings—
Jefferson Lake
Interstate Debenture Corp.—Calls Debentures—
•
Monday, June 4, 1945
CHRONICLE
THE COMMERCIAL & FINANCIAL
2448
—
v.
oper.
oper.
-
income--*
161, p. 2222.
5.898.089
$16,899,840 $17 ,964.510
8
,777,375
161
Volume
Number 4391
-
THE COMMERCIAL & FINANCIAL
CHRONICLE
IVIackay Radio & Telegraph Co.—Expands Service—■
•
The
announced
the
inauguration
of
direct
cumulative convertible preferred
to .stockholders of record June
15.
This
from April 16.
radiotele¬
—V.
between New York and Copenhagen.
The
opening of
authorized by the Federal Communications Commission,
links between New York and
161,
dividend
the
covers
period
issued, to June 30,
was
these
two
April—
Gross
Mahoning Coal RR.—Earnings—
from lease of
Income
--
$351,832
24,613
'
—
,
1944
$315,610
road and equipment
Other income
'
J
$340,223
deductions
■
Net
$354,320
157,600
2,730
income
$244,624
income before common dividends-—.
income &
$236,358
161.
Maine Central RR.—-April Earnings-
650,636
470,619
1.99,786
3+4,28+
193,922
92,059
85,061
199,061
101,006
1945—4 Mos.—1944
operating
Operating
revenues--—
$1,956,493
$1,643,418
$7,303,676
$6,701,976
Operating
expenses—.
1,252,823
1,076,204
5,380,897
Total
——
taxes—
43,411
454,181
377,380
955,184
Drl 1,167
Dr 194,417
deductions
19,149
318,369
;
343,354
3,800
4,001
$563,472
$910,112
....
Drl20,918
—
Net
income
■
—
Equipment rents
rents—
Net
Dr22,792
Dr96,008
income
$181,875
$155,875
$677,170
$678,866
55,860
147,412
income
Gross
income
Rentals,
—1—
$213,277
etc.__
138,281
interest,
income
Net
161,
the
V.
161, p.
Rowland,
First
Vice-President,
subsidiary,
its
arid
company
been elected
has
Glenn
L.
Martin
a director
Nebraska Co.—
1774.
(& Subs.)—Earnings—
3 Mos. End. Mar. 31—
1945
sales
sales
of
&
ties
1944
/1942
1943
$3,312,448
$2,737,631
2,372,280
4,235,524
2,531,930
2,615,340
Operating profit
$349,767
" $780,518
$1,201,283 ■-
$122,291
'
Int.
&
divs.
received
10,937
6,666
Discounts
6,884
6,040
6,426
5,710
6,452
5,085
1
Total
-
inebme.....—
v:
$373,298
deductions'
:
Depreciation & amortiz.
$138,026
102.396
8,857
State
inc.
'8,786
112,762
141,673
..
**
*"
'
tax
(estimated)
•102.000
'•
*692,500
*273,300
22,500
••$373,919
$401,981
$50,527
*
r-
The
$153,016
and
♦Includes
Stock.—V. 161.
$0.07
;■ Nil
taxes.
profits
excess
Nil
$0.09
,1,617,021
tOp
;
commoi)
312.
p.
also
requirements.
the
following
board
R.
S.
d;
Waldie,
Davis
elected
reelected
Mr.
been
R.
Main,
Andrews
W.
the
ol
and
C.
Secretary-Treasurer,
"'y'\y
..
RR.—Earnings
1945
T.
and
board.
officers
Earnlngjrfor
Kit
fproht*a!^et;aU
Earnings
Tax
share
per
,
"reserves
April--'
$385,455
(
-
at; the 80%
161, p. 2002.
provided
were
Net
from
less post¬
Net
ry.
*
,
limitation rate,
,
•
Gross
John C.
Lee, President,
on. May
15, announced the election of
Ralph B..Smith.as Secretary ot the company, eifectlve at once....
■
Mr. Smith. Industrial Relations Director for the past six months,
Secretary.
in
dual
capacity of .Executive Vice-President. and
Miller retains his position as Executive Vice-President
in
Mr.
the
..charge of the sales division.—V. 161,
Middle
West
p.
1429.
railway.—
income.
oper.
1944
<
■
i
124,103
.
Wheel
5,034,532
—V.
161, p. 2002.
,k
1942
$1,235,797
per
not
made
common
months'
been
not
277,237
413,982
187,759
292,104
122,479
4,835,642
4,238,656
1,700,231
period.—V.
6 Mos. End.
953,670
Minneapolis St. Paul & Sauit Ste. Marie RR.—Earns.
"
Gross
Net.
from
$1,767,768
$2,734,343
$3,812,881
>123,472
113,571
1,032.407
I 1,258,210
income—
oper.
From
Gross
railway-—--'
iailway_rv_-4.
from
ry.
tl943
.
January 1—
from
,tl942
'
$3,134,276
691,707
:
837,076
852,529
'316,884
/;(
''6^40,134
.railway.—
9,877,568
13,770,751
11,943,122
3,041,677
'3,404,435
2,701,468
1,990,500
1945
1944
$973,028
74.122
$1,188,014
$291,887
69,045
-
income
General
and
——,—...
administrative
Taxes, other than Federal
Federal
income
-
expenses—
3,065
—
income
20,900
Earnings
The
$1,023,904
-i—.---
increase
$0.31
$0.06
in
income
quarter
year
The
cents
arrearages of $573,500 by Central
Service Co.; and (2) common stock
.
Income
Statement
(Including Subsidiaries)
Operating
Total
_—
1
—
Depreciation
Net
8,166.978
7.558,712
1,456,792
Fed.
2,497.999
opera t ing
income
1,950,887
taxes
other
-
—
1,890.009
$4,238,995
$4,229,485
—
-
$4,526,670
authorized
25
an
increase in
the number
June
11
to
holders
record
of
4.—
June
Net
$4,369,724
3,424,821
3,451,072
$918,652
Note—Consolidated net income includes approximately $510,000 and
$465,000 in the respective 1945 and 1944 three-month period which
could not be distributed as dividends on stocks"of subsidiary companies
owned by Middle West
Corp., primarily because of dividend arrearages.
dividend of 25 cents per share
payable June 20 to holders of record June 1.
It
was stated
on
behalf of the directors that the matter of a further
dividend would be considered toward the end of the year in the light of
the then
existing conditions and the company's earnings.
to
1944. the company paid 20 cents on June 15 and 30 cents, plus
a dividend
of S2 per share out of paid-in surplus, on Dec. 20—V. 161,
P- 2002.
•*
'
declared
a
on
>
1945- -Month—1944
Gross
revenue
Operating
for
$494,799
—
$480,368
$5,989,874
$5,646,435
211,397
_—
expenses
200,237
3,123,390
39,250
37,750
657,652
161,619
1,301,216
1,094,243
$80,760
$78,209
inebme
Gross
$907,615
Int.
other
&
The
directors
on
15.
The
the
:
have
declared
common
stock,
an
initial
payable
dividend
July
2
to
of
20
holders
cents per
of record
.
directois
also
declared
an
Ma
initial
4,232
$1,094,103
$417,895
220,000
145,000
292,000
1193,500
t63,000
343.000
18,000
$340,416
$209,895
$379,105
'
80.000
$318,139
dividends
....
250,000
300,000
200,000
400,000
....
surplus
$68,139
$40,416
$9,895
*$20~895
$1.70
$1.05
per, share...
.
,
$1.59
,
„
$7,000 in
stock
common
si.90
,
1943.
^Deficit.
SOn
(no par).
30, 1945, net profit
share, comparing with a net profit
the quarter ended April:
30, 1944.
a
shara for
'
Balance
.
.
Sheet,
April
$2411.496, equal
was
of
$194,978,
$0.97
or
a
/
?
i
1945
30,
Aasets^Cash, $1,425,711; if.
,.
ury notes,
counts
tax
S, treasury bonds arfd certificates of
$1,345,125; .accrued interest, $5,208; U. S. Treas¬
series-^-principal
receivable
refund
$72,475;
miscellaneous
of
cost,
$400,000;, trade
inventories
ac¬
(net),
$1,-
excess
profits
tax—estimated
other
receivable ( and
equipment
$6,300,743.
and
merchandise
Federal
plant and
total,
amount
(net )/v $780,436;
P°st*war
sundry
assets,
(net), $889,043;
deferred
$5 344
-
charges, $42,-
Liabilities—Accounts payable including accrued
pay
roll and with¬
holding;tax .deductions;: $287,786; provision' for net renegotiation r*-
fund for 1944 and other
other than, income,
current
contingencies, $43,000;
$25,893; Federal taxes
,000
for.
the
period
of
six
months
on
ended
income
April
30,
accrued
taxes
(including $362
-
1945—estimated)
$827,245; reserve for post-war adjustments and
contingencies, $317,151 "
capital stock (200,000 shares no par),
$1,000,000 earned surplus. $3-
793,668;'total; $6.300,743.—V.
101,
'
1097;
p.
\
Narragansett Electric Co.—Earnings—
Months Ended March 31—
22,431
221,210
$60,427
$686,405
Divs.
income
20,6.93
205,742
Other
dividend
of
52lie per share
than
Federal
funded
011
taxes
on
interest
Balance
—V.
s
$480(663
.$383,510
1884.
161, p.
331.653
refunded
bonds
Earnings—
"
plant adj. Ai of organiz. exps..«V
expense
1944
1943
$98,978
Rhode
$253,085
120,716
56,905
From
Gross
89,394
income—
35,254
22,243
56,882
1—
Jan.
from
Net
ry.
p.
income—
2003. ;
1,007,892
1,037,559
907,938
405,732
495,459
414,380
146,311
railway—.—
oper.
161,
1,104,396
491,650
railway
from
Net
—V.
115,641
145,336
oper.
Period End. Apr.
130,833
154,577
190,673
1945-r-Month—1944
30—
26..179
„
1,968
2,367
182,230'
5,679
$693,597
101,275
101,250
$518,608
' $992,347
applicable
to
"amortization
of
electric
plant ■Ad¬
f
Island
Hospital Trust Co., trustee, Providence, R. I,, "the
Trust Co., Boston, Mass,, and The Chase
Natiorial Bank
City of New York, New York City—V. 160, p. 2186.
Street
the
1942
$281,979
railway.—_
from
ry.
277,655
,
$619,883
Permanent Bonds Ready—
of
$238,863
1945,
$276,982
'
Net
338,000
18.951
Permanent, first, mortgage bonds/ scries A, 3% ,• »dud 1974, 'art?vlf6wr
ready for delivery in exchange for temporary, bends of this issue at
the
railways-
from
415,593
236,250
on
Balance for common dividends and
surplus..
State
April-
•494,230
406,845
'
income
...
♦Includes
284,790
243,025
'
before dividends.—
declared on cum. preferred stock
Dividends
2,001,325
396,642
debt
redemption prcni.
Amort, of elec.
$4,539,415
1,836,865
...II
.......IIIIII
lncome-^.___.I..I.
...
for Federal
of
$4,274,311
......
...
Depreciation
Taxes, other
248,316
$37,636
10,049
$50,377
v;
.
National City Lines, Inc.
3 Mos. Ended March 31—
Operating income
Operating expense
(& Subs.)—Earnings—
CO
,
I
>
1943
3,827.367
profit
Other income
$4,556,265
3,578,958
C;642,636
$1,020,753
Gross
♦Other
1944 ZV
$4,848,120
...
$977,307
$1,133,549
$3,776,105
156.314
deductions
129,956
60,259
$1,177,068
income
$1,107,263
$•7,193,803
958,723
819,682
913.905
$218,345
$287,581
$279,903
1945- 4 Mos.—1944
$6,452,670 $29,304,428 $25,110,606
Operating
revenues.—
$7,253,164
Operating
expenses.—_
5,042,511
H 4,820,463
19,697,264
avail, for fxd. chgs.
686,215
379.703
2.847.602
250,047
829,458
485,175
129,655
2,018.143
.1,018,938
1 881,989
Net
>2,900,928
201,040
Inc.
Fixed
charges
fxd.
chgs
Inc.
after
—V.
:
12,610
SGI 1,826
stock____
pfd.
on
1044
$4,526,805
justments."Net
•>
$4,257,629
Total gross earnings
Operating costs
280,491
$58,329
1945
revenue........
—........—.....—16,682
Maintenance
$892,317
17,782
deductions
17,584,669
incom?
Earnings per
''Includes
—V.
common
Federal
sharel
income
...
taxes.
$0.39
868,400
$0.48
v
$*•08
790,447
'%85i600
161, p. 312.
161, p. 2223.
National Container Corp. (& Subs.)~
■Earnings—
194%
Quarters Ended March 31—
estimated at $153,000,000,
an
increase of 13T
over last year.
This is the largest sales volume
for any similar period in the company's history.
:
Earnings before
taxes are estimated at $12,600,000,
higher
Net sales for the
first quarter of
are
i
than
last
year's $7,900,000.
':«>■
$1,089,873
25,508
$753,916
{(Earnings
451,000
165,941
taxes
Montgomery Ward & Co.—Quarterly Statement-
share
$392,387
13,811
:
*After dediicting cost
.pf .goods sold including .materials, labor and
rhanufacturing expenses,
tAfter post-war refund of excess
profits tax
ol $14,200 in
1945, $21,500 in 1944 and
3.208,874
depreciationfor
1945—12 Mos.—1944
•
(The) Miller-Wohl Co., Inc.—Initial Dividends—
June
$740,105
12,193
1
-
Amort,
Missouri-Kansas-Texas RR.—Earnings-
25-Cent Distribution—
23
r-
1127,800
Balance,
Total
The directors cn May
the capital stock,
$671,745
inc.
income
Common
Provision
.
Period End. April 30—
Gross
$1,101,849
—
41,758
contingencies.
for
Interest
Net
income
May
Missouri Illinois RR.-
Interest, dividends on preferred stocks of sub¬
sidiary companies and other deductions—-Net
on
140,239
-
-
40,913
$683,939
220,000
Gross operating
income
Mississippi Power Co.- -Earnings—
Balance
—
38,368
*1,613,550
.
taxes.
profits
Other
3.395,117
287,676
inconie_.
met)
2,471,742
3,926,900
income.-—
profits
481,918
income taxes.v-
exc.
-Prov.
Central
Wisconsin
1,283,307
—
-
Other Income
Gross
$20,828,373
—
Taxes, other than Federal
Federal income and excess
358,791
income
Federal
1944
$22,238,551
revenues-
Operation
Maintenance
1942
$792,092
>7' 454,218
income
Int. earned <fe
3
payable
share,
1738.
p.
Provision
1945
Months Ended March 31—
Operating
tlncluding
from
per
Prov.
3
.
arises
dividend
Consolidated
Ry.
2002.
p.
stock
160.
unusually
of
2,360,04t
1,000,000
1,500,000.
No immediate issuance of ad¬
is contemplated.
There are 975,765 shares outstanding.
directors have declared
the regular quarterly dividend of 35
shares
V.
primarily from (1) the receipt in the
large payments on preferred stock
& South West Utilities Co.,
Public
dividends received from a
subsidiary company consolidated and an associate company amounting
to $128,400.
:
.
/
current
Central
Wisconsin
161,
stockholder*
The
of
$200,767
shares
per share on 3,307,302 common
?
87,160
Minnesota Mining & Mfg. Co.—Stock Increased-
ditional
Net
'387,390
income—
♦Excluding
Ry;—V.
4,701
92,000
Income-
taxes
railway.—,:—•_
oper.
1943
.
$1,232,691
509,336
65.519
subsidiaries companies consolidated—
incomeji •_ _L——-—-
Total
ry.
$217,764
214,937
Income:
Other
from
Net
,1944
$1,212,714
exp._
■■■
'•
1,33$, 128
'
Net
Only)
3 Months Ended March 31—
$1.30
Co.—Earnings—
1945
profit.
gen,
property,
iv* 1944
$1,100,000
,
31,633
Sell., adm: &
Depreciation
572;
'1945
■'
1944
$1.96
161, p. 882.
April 30—
♦Manufacturing
1.320,129.
1,299,001
"
April-
1245
taxes..-,..*L.».-^ *$1,662,347
share..
proceedings for the fiscal year ended June 30. 1944'
completed, but it is believed that proper provision has
only for the last fiscal year but for the current nine
208,086
628.732
•
218,139
(F. E.) Myers & Bros. &
v
1,282,771
"
594,796
265,651
250.912
deducting $4,296,519 for estimated Federal taxes, and $500,000
provision for renegotiation.
$982,261
4,847,082
1,287,782
366,622
226,746
Corp.—Earnings—
indebtedness—at cost,
from -railway—u--
295,667
173,287
1884.
p.
Mos. Ended March 31—
$1.59
1943
$1,148,359
298,857
from; railway-.—.3
Net ry. oper. incomer;-f
Net
Corp.—Earnings-
i.945
$1,215,985
Net
will, • In addition1 to his expanded duties, - retain this division under
his new office.
He, succeeds Robert' R. Miller as Secretary, .the latter
having• -served
H
'
82,5111
773,825
P°r'ile 9uarter ended April
to
FromJanuary 1—•
.
Menasec Mfg. Co. Bui-bartkM;Calif.—New Secretary—
;
1
v
Gross from. railway*:;--'
$1.12
shares outstanding—
,343,0+7
on
tax erbefit of 7M2%.—V.
war
Ended March 81,* IMS
Quarter
65,798
924,585
215,364
income...
oper.
161,
65,944-
944,213
838,401
-
Minneapolis & St. Louis Ry.—Earnings-
cliarges and 'taxes
53,856
•
114,727"
1—
200,000 shares of
McQuay -Xorris Manufacturing Co.—Eaxiiings-
i
$243,691
91,953
railway
.railway
been
Davis,
prior to joining the company last November, was Viccthe War Production Board in Washington for two years,
positiou he tdok atter' serving aS Presidcnt of General Mills,
Inc.; since 1934.—V." 161, p. 2112.1 ' ;
•"
1942
$225,180
85.543
income—.
Jan.
have
McMurray, Vice-Presidents;
Frank J. Hickling, Comp¬
which
1943
$245,227
65,319
Renegotiation
R.H.vM.
Other
1944
$215,198
-After
as
directors:
of
Ontario.
elected- President,, succeeding
Chairman
becomes
include
D.
troller,,'
Toronto,
has
who
Nelson, formerly Chairman of the War
Production Board,
a
director.—V. 161, p. 1320.
post-war
Chairman of
of
shares
anticipated
shareholders
D.
"
tEarns. per com. sharc_
and
10,889,091
2223.
railway
railway
Earnings
bond
D. Davis, J. B.: Faegre, S. S. Ford, C, T. Jaffray and R. H. M.
Robinson, all of Minneapolis, and C. S. Garland, Baltimore; F. M.
Gcrdon, Chicago; S. Semenenko, Bostqn; G. A. Dobbie, Gait, Ontario,
Ralph
Net• profit
annual
have;averaged $1,450,000. per year for the preceding
years, to an average of $400,000 for the next 15 years.
The
purpose of
the refinancing plan is to make available funds
for other corporate purposes essential to the wellare of the
company,
particularly in respect to. necessary improvements and expansion of
Robinson,
"*
'
likewise
and reduces
four
56,213
12,350
"
•Fed. and
-
•
15,883
-
plan
15.423.802
15,681,397.
Motor
9
D.
'
Sundry
The
years.
by. approximately ;$120,000
44,812,276
34,795,322
Net profit after charges and
with maturi¬
reduces
annual
retirements which
15,735
$796,901
$1,220,441
15
over
71,828,409
32,.260,451
11,163.826
oper.
ry.
—V.
a
extending
charges
1942
elected
from
bonds will bear interest at approximately 3%,
new
properties
4,872
Sundry
k royalties..
income
The
to
interest
$5,436,807
exps.—
given
1943
76,129.272
from
Net
(M'-'-v /
meeting of the shareholders, held on May 28, approval
proposal to refund
the balance of
approximately
$6,000,000 5T'p income bonds and to authorize a new mortgage and the
issuance of $6,000,000 of new mortgage bonds.
,
$2,722,047
ry.
on
At the annual
was
1944
11,420,123
M.
from
Net
issued
17
redeem
kind.
any
75,413,903
from
From
Minnesota & Ontario Paper Co.—Refunding Plans
Ap¬
proved—New President Elected—
.(Excluding Wholly Owned Canadian Subsidiaries)
Cost
Net
160, p. 2186.
$272,751
Martin Co.—New Director—
Maytag Co.
Net
to
$59,000,000
of
31.877,721
Montour
2111.
(Glenn L.)
Harry T.
May
on
(a)
had
debt
income...
April-
Co. and pledged as collateral to the latter
company's mortgage and
deed of trust dated Oct. 28, 1938, and
(b) to purchase for cash at par
fur retirement 10,000 .shares of its
capital stock of the aggregate par
value of $1,000,000 from Wisconsin Electric Power Co.- V.
578,588
$267,016
SEC
1—
oper.
been
Gross
an order approving
the proposal of the
May 16, 1945, at par plus accrued interest,
4400,000 first mortgage 4'r bonds owned by Wisconsin Electric Power
$851,339
557,566
$67,459
The
company
/ 172,473
.
$824,582
••
144,276
$74,996
p.
of
$211,735
..
To Redeem Securities—
have
fixed
railway^
railway......
161, p.
Gross
£>r84,403
cper.
ry.
Other
Z)r23,792
31,402
facility
Joint
:
Jan.
Donald
Net
810,274
Dr43.822
Other
still
no
$18,594,006 $18,635,658 $18,723,922 $12,538,759
7.394,285
7,587,017
9,271,376
4,920,267
2,636.761
2,464,554
3,797,727
3,721,895
from
ry.
and
has
company
Molybdenum Corp* of America—New Director—
.
$1,257,467
5,007,515
Taxes
Net
bills
current
1945
$1,238,319
$885,641
interest charges—.
with
common
1944
$842,230
income
compared
RR.—Earnings—
.
from
has
revenues
$5,000,000.
2223.
p.
NetTrom
$17,541,870 $16,563,211
16,699,640
15,324,892
revenues
non-operating
Gross
and
at
Earnings per share of
this
paid
in
The
railway—.
railway-.
Net ry. oper. Income...
Net
—V.
expenses
treasury.
from
From
1945
cents
88
April—
2002.
p.
operating
Net
•
1945—Month—1944
557,320
190,997
estimated
are
period last year.-
at
dollar it owed
the
161.
Gross
157,600
Total
period End. Apr. 30—
5+3,327
same
Missouri Pacific
.
;
12 Months EndedMarch 31—
Operating revenues
1096.
P.
—V.
Milwaukee Electric Railway & Transport Co.
(& Sub.)
'
—V.
29,927
—Earnings—
$185,838
92,863
profit* taxes
excess
49,118
56,98+
income..._
oper.
161,
Total
Fed.
♦Includes
$125,153
94,527
16,403
in
Gross
8,267
(Dividend on preferred stock (1.25?*)
Net
$182,737
31,281
20,280
from
ry.
—V.
$194,105
8.266
—
$137,232
27,133
2,615
—
-
Net
$136,448
income—
oper.
taxes
estimated
are
every
left
1942
January 1—
railwaysNet from railway—
,2.483
92,869
Other
,
1943
From
.
Gross
:
Total -income
ry,
railway.
railway-
from
Net
1945
1941
after
year, and were 59 cents last year
U. On the last balance sheet date
(March 31, 1945) the
company had
$139,500,0000 in cash and Government,
securities.
It could have
off
1945
from
Net
Three Months Ended March 31—
-
stock
Midland Valley
RR.—Earnings
only direct radiotelegraph
capitals.—V. 156, p. 515.
the
marks
profits
$3,430,000 in the
1945,
circuits,
these
-V.
Net
2223.
p.
2443
stock, payable July 2, 1945
,
1945, when the stock first
service between New York and Bucharest and the reopening
facilities
of
has
company
graph
its 57
on
.
Net
Net
sales
income
Number
Eamines
—V.
160,
1945
$4,725,939.
of
..................
common
per
p.
share
1658.
iv,'
shares
1944
$4,371,823
303.426
258,787
660,964
330,482
$0.45
S0.78
;•
n1943
*■
$2,799,253
175,140
f
330.432
•
•
.
t.V
••>
$0.53
u
1,126,362
910,460
407,471
421.860
245,368
$2,038,502
523,157
297,540
13.769,509
14,106,084
13.017.245
7,557.170
Net
railway-—
from rc''yay_-
4,164,745
3,879,744
5,146,203
1,680,716
Net
ry.
income—
2,034,299
1.921,282
2,319,371
936,584
Gross
Net
from
Net
ry. oper.
railway—,—
incomes.
$3,286,310
$3,364,322
$3,441,333
railway
from
1,249,664
operating
Total
from
ope; •
$4,687,643
$4,459,760
476
$4,687,646
$4,460,236
income
earnings
gross
Operating
Purchased
revenue—
475,919
540,177
2.320,931
161,
Maintenance
Depreciation
2003.
p.
$8,125,000 of
National Distillers Products Corp.—Calls
164,460
Setou
President, on May 24 announced that the directors
the calling for redemption on June 29, next, of all
Porter,
authorized
795,405
197,800
86,524
87.478
Federal
Total
than
other
taxes
Federal
sinking fund debentures
cue
March
1,
Payment will be made at
tae New York Trust
Co.,
trustee, 100 Broadway, New York, N. Y.
Originally $.15,000,000 principal amount of this istie was issued.
He added
that the company also has made arrangements through
tae New York Trust Co.
for a $4,500,GOO loan to be obtained from
Balance
and
—
charges—'
other
dividends
$529,980
$377,776
120,210
*
declared
120,210
outstanding seven-year
1949, at 101% and int.
group of banks, to be repayable at the rate of $500,000
%v the first, live years and the remainder of $2,000,000 to
a
payable
Oct.
on
National
20,
1951.—V.
operating
Subs.)—Earnings—
(&
1945
1944
$773,557
./
786,934
deductions——
revenue
due
$861,679
y
;
revenues——
Total operating
be
2003.
p.
Electric Corp.
Gas &
3 Months Ended March 31—• \:y.
Total
161,
year
a
697,661
.
Balance
—V.
$74,745
$75,897
6,690
4,920
$81,435
$80,817
28,609
28,465
$52,825
$52,351
$0.12
income—
operating
income
$0.12
<net)_
income.
income
T'tal
deductions—
income—i.—
"Net
Earnings per share
—V.
161,
227,000
938,000
l'o4lonr'
taxes-
1,295,000
H.
funds
April
against
30,
shares.—V.
161,
$9,802,026
Public
before
year
a
oh
number
smaller
a
Steel
offer
the
for
2Vs %,
Lot.es—
the
persons
H.
Edward
by
of Androscoggin
Maxey, general
purchase
the
for
filed
report
Mills,"
counsel
England proposed to retain the
subsidiary, New England Indus¬
stockholders, headed by State
Street Investment Corp.,
in its plan of reorganization called for the
immediate sale of the seven industries and investment of the proceeds
plan
of
reorganization
tries,
Inc.,
New
non-utility companies held
in
the
but
result
a
B.
opposition
the
of
Skelton,
by
a
of
group
compromise,
President
the
of
the
in letters signed by
has invited 19 prospec¬
industries,
of
to
one
more
or
of
the seven
has called for redemption on June 30, next, all of
2 Va '/•
serial notes due April 1, 1946,
at par and
the outstanding 21»'<
serial notes due April
1, 1947, at
and interest, and the outstanding 2%%
serial notes due April
The
corporation
outstanding
100%
New Orleans & Northeastern
from
ry.
Gross
1942
1943
1944
$1,036,707
$1,057,397
$1,181,174
$973,911
440,396
459,673
689,219
Operating
Period End; May 19—
94,482
232,010
278,429
railway
income..
pared with 857
as
ry.
—V.
Tile Co.—Change in Name and Increase in
Proposed—
stockholders
The
will
6
June
on
Tile
<te
vote
ry.
purchase
President,
share
a
stock
45.000
for
shares;
15,000
Steatite
pany's
also will be asked to grant the following options
in the company: V. M. Alexander, Chairman and
shares at $2.50 a share for 30,000 shares and $3
per share,
Mouraud,
30,000
shares
may
the
160,
shares
company,
such
at
fix.—V.
5,000
Net
from
Net
ry.
—V.
prices,
110
—V.
161,
New York Susquehanna & Western
1945
1944 :>•
% s-v T;..
Net
Net
ry.
Make
Meek,
the
He
has
better
a
decided
offer
before
that
The
Ot
of
from
ry.
mailing
his
of
in
the
view
$481,151
a
advantageous offer is not
more
willing to mail his offer on June 9, pro¬
50') of the shares request him to do so
lie
date.
less
than
is
to
95%
conditioned
bo
of
the
upon
outstanding
acceptance by holders
stock.—V.
161,
capital
1246.
p,
Nehi
Corp.—Earnings—
Quarter End. Mar. 31—
lei
before
Fed.
Fed.
&
State
excess
♦Net.
inc.
per
1944
1943
1942
$421,835
$399,805
$415,962
101,000
84.000
plans
285.000
220,000
187.000 f
$143,721
$117,835
$126,805
$127,962
$0.13
$0.10
$0.11
$0.11
—-
share:
com.
288,000
For
the
week
ended
May
Electric
25,
the
Association—Output—
Association
electric output
Of 12,402,308 kwh.
This in an increase of 116,825 kwh., or 0.95% above
production oi 12,285,483 kwh. for I he corresponding week a year ago.
Gas output for the May 25 week is
reported at 121.665,000 cu. ft.
increase of 6.605.000 cu. ft., or 5.74% above
production
OOO cu. ft. in the coiresponding week a year ago.
Consolidated
Statement
of
Total
operating
The
Prov. foi
retire,
taxes other
Operating
Other
of
plant & equip
than Federal income
3,998,668
2,858,719
1,977,569
2,644,769
1,792,530
V.
1,590,021
161,
1,190,037
1,258,677
628.222
1,098,921
Central
150.799
f
—
deductions from
$4,201,010
—_
income
(subsidiaries)II
Net
Net
_
382,698
$3,796,025
England Gas &
Electric
AssociaUonlIZZ
income
Provision
$4,403,205
404,985
for
_
Federal
income taxes...
___
1.998,689
$1,848,801
$2,G21,819
811.479
938,054
$1,037,322
Other
Statement of Income (Parent Company Only)
M:\rch 31™
1945
v._
$2,640,725
expenses
A J,-. .*-1117111
137.776
Tota 1
income:
Cther deductions
Provision
from
for Federal
income
income taxes.:
1,947,224
._7
177,505
1.998.689
16.136
13.392
V.
income
_
_
16}. p. 2335.
$539,590
$471,216
called
under
for
the
.
the
par
reorganization.—
1945—12 Mos.—1944
1945—3 Mos.—1944
$
$
30,141,418
115,186.086
118,224,835
15,227,315
deprec.
&
16.083,874
61.578.845
65,338,7G2
taxes.._
1,406,139
1,598,900
5,260.874
6,556,940
taxes.
3,176.300
2,155,500
4,647,700
5,872,200
163,728
165,859
693,322
691,761
300,000
308,800
1,225,450
1,219,305
3,768,829
3,773,356
14,70S,259
14,728,514
CY68.817
195,880
578,612
793,453
6.051.099
5,859.249
26,433,024
23.023.901
profits
inc.
taxes
State
water
taxes
diversion
res.
income
172,84.0
income
2,262,256
1,688,454
7,790,878
7,023,673
5,332,579
5,016,337
16,462,535
182,723
666,904
812,016
6,223,945
__
6,041.972
27,099,928
23,835,917
1,659,110
6,919,467
ry.
6,675,447
23,382.002
345,612
558,130
3,670,166
14,071,004
14,601,262
3,288,104
income
2,659,669
8,752,862
11,627,850
requires,
of
deductions
Tctal
fixed
charges
Net
*
income
Includes
taxes
-V.
Federal
ancl
come
come
1,948,385
2,916,716
4,533,989
15,029,176
New York, Chicago &
St. Louis RR.—Equip. Trust Is¬
Awarded—Company on May 28 awarded, subject to
ICC approval, an issue of $1,400,000 \lk%
equipment
trust certificates of 1945 to National City Bank of Cleve¬
land, acting for itself and Huntington National Bank of
Columbus, O., on its bid of 99.454.
The bid represents a
net interest cost basis to the company of approximately
certificates
will
dated
be
installments
of
June
1945, and will mature in ten
each, payable June 15 of each
15,
$140,000
year starting in 1946.
They are to be issued to finance in part the
purchase of five all-steel baggage cars and 500 50-ton all-steel box
cars, to cost approximately $1,857,300.
for
bidders
for
Central
were:
Hanover
Bank
&
Trust
Co.
of
New
ry.
March
31
$313,329
137,549
111.247
75.451
210.225
224.714
107,868
76,781
204,382
Sales
911,611
91*3,667
865,449
1.019.585
381,610
414,894
351.133
700,764
565,912
550,943
449.951
712.877
_____
_
income—
oper.
161;
2003.
p.
oper.
March
31
2,440,683,700
2.408,784.100
ended
March
31
8,783,341,200
8,591,301,300
9,206,904
8,128,150
24,811,990
Sales of
mixed
in therms:
gas,
3
months
ended
March
12
months
ended
March
—V.
161,
31—
31
26,390 669
2224.
p.
Niagara Share Corp.—10-Cent Class B
directors
share)
on
record
June
cents
15
The
the
on
May
Class
B
1.
In
Dec.
on
regular
convertible
29
this
on
quarterly
payable
paid
2,167.529
6.229,131
7,726.819
2,407.345
for
aft.
2.491,103
7,979,491
9,064,498
1.463,809
1,483.303
chgs
alter
rents
$59,147,277 $59,616,088
fixed
fxd.
income
for
3,947.136
4.976,800
charges on the present capital structure but
rejected leases,
it includes, however,
accrued
real estate taxes
properties;
also
York
accrued
on
and
Old
from
Net
ry.
Ontario
railway.
railway
oper.
Jan.
from
charges
against
interest.—V.
said
from
cents
per
holders of
to
July
on
and
6
of
the
$1.12'/a
quarter
per share
ending June
011
30.
1.—V.
4%%
the
was
161, P-
also
2224.
of
metal
Earnings—
prod.,
194!
&
incl
delivery,
&
1943
1944
$4,857,686
$5,390,
1,571,059
1.441,
850.000
825,000
1.050
105.000
124,000
$2,337,627
2,239,772
2,239.772
$1.06
income
$4,051,412
52,380,147
miscell.
$1.04
mining,
adm.
&
exps.
Reserved for inc. & exc.
prof,
Reserved for depreciation
taxes
Estimated
&
Western
income—
—V.
—
160,
p.
135
Net
ry.
Gross
1945
ry.
$647,511
5584.J
127,591
150,908
185,:
115,(
33 309
47,093
65,445
2,623.473
2,641,746
478.219
491.271
711,979
175.906
188,749
319,959
__
income
oper.
Declares $1
194:
2,565,449
1—
railway
railway
from
Net
1943
$664,786
108,249
income—
oper.
Jan.
1944
$628,485
from
Net
$1.
Ry.—Earnings
from
railway
from railway
Net
$2,763,618
2,239,772
2650.
_
Dividend—
*heJh;-Ct0r{: have ,decl»i'ed
2.080.80
523.59
274,43
*
a dividend of $1 per share on the com
i!C")nf Par value, payable June 14 to holders of
J/pei share paid on was made on Dec. 11, last, which
"1'8' distribution
$2
Ry.—Earnings-
dm
Dec.
1944
1943
$715,078
$639,717
$684,931
*22,919
78,182
160.204
*76,571
*119,089
31.351
83,347
10,
1943.—V.
161,
p.
record June
compares wit
2004,
1942
$740,190
2.590,851
income—
profit
outstanding
Earnings per share—I"""""
*
1—
railway
net
Shttres
properties
161, p. 2004.
32,339
— -
.
railway
ry. oper.
Deficit.
25
cents
1.316.265
production &
gen.
Colony and Boston and Providence
unpaid
taxes and bond
1945
from
Net
Dividend—
2(10
June
10
to holders of record June
15
Noranda Mines, Ltd.
From
fixed
under
and unpaid
New
of
issue.
dividend
stock
dividend
a
stock,
company
the
1944,
preferred
declared
25
common
declared, payable June
Gross
2,117.148
for Boston Terminal Co.
*
feet;
ended
months
Norfolk Southern
$15,360,736
_
inc.
excluding
Net
cubic
in
gas.
months
April—
1945—4 Mos.—1944
$15,782,161
inc.__
oper.
avail,
charges
1945—Month—1944
revenue
railway
From
manufactured
3
12
New York, New Haven & Hartford
RR.—Earnings—
Gross
of
1944
3,166,575,316
3,042,791,584
12.012,436,568 13,043,878,847
1—
railway
railway
from
ry.
*1945
31—
March
1942
$234,123
income
Jan.
Net
Gross
2,954,607
ended
treatment
1943
$236,859
railway
oper.
Net
*
1944
$249,139
railway
from
"Net
2,424,025
3,159,715
ended
Cost
1945
from
from
♦Net.
2,424,025
Quarters Ended March 31—
Net
Net
606,006
785,602
Bros.
Aprll—
Tctal
606,006
pfd.
on
corporation
IV2S;
Salomon
New York Connecting RR.- -Earnings-
—V.
1,350,000
5,378,632
months
Metal
Gross
1,476,000
5,583,740
months
2336.
1).
369,000
1,391,608
989,036
of
36.9,000
Kilowatt-hours generated and purchased:
Halsey, Stuart & Co., Inc., and Associates, 99.114
& Hutzler and Associates, 99.051 for IVis,
Harris, Hall & Co. (Inc.) and Associates, 99.5199 for l%s.—V. 161,
It-is;
in¬
3
The
99.18
7,356,796
6,728.632
subsidiary-.
requires,
stocks
1.005%.
Other
7,356,796
7,059,740
12
sue
York.
net
1,839,199
1,760,608
Balance
.—
annual
of
by
1,839,199
1,5.95,042
in¬
161, p. 2336.
equal
9,750,489
14,085,428
1,964,042
prof.
exc.
12,683.392
14,416.5^
pfd.
on
subsidiaries
Reservation
income
2.442,165
3,599,807
970.450
3,577,248
Div.
27,199,502
86,484
income
oper.
2.420,704
3,803,241
6,745,571
6,951,836
deductions
20,453,991
1,619,257
Income
stocks
Net
Net
—
the reorganization.
from
30,024,593
31,829,737
April—
1944
$2,660,102
new
173,684,301
21,188.933
$1,083,165
12 Months Ended
Total
the
questioned whether the value of
sufficient to justify issuance of $100
number
revenues
income
Gross
a
inctmc
of
had
charge
$
176,967,668
$4,020,508
1,947,224
value
par
July,
11.
York
Other
$
222,416,014 232,991,702
Income
income
Balance
New
120.632
the
in
1945—4 Mos.—1944
$
7,099,204
Period End. April 30—
$4,282,573
excluded
be
was
the
filed
RR.—Earnings—
1945—Month—1944
-
change
to
corporation.
to
were
in
main.
Emerg.
2003.
42,426,965
!g06
$4,050,211
—...
expected
properties
p.
exc.
New
L71T453
2,021
213,231
original plan,
Commission
shares
Oper.,
1,145,749
56,230,960
1,252 721
2,132,595
— —_
i
Net
Other
1,807,206
_
property,
income
income
$19,544,440 $19,058,116
9,964,407
9,783,763
is
the
the
to
S.
company's
Fcd.
6,075,972
Gross
...
34,267.
subsidiary of the Federal Water and Gas Corp.,
amended reorganization plan with the SEC and the
Service
Commission,
it
was
announced
May 29..
a
an
stock
P.
Federal
57,473,436
Net
1944
919,166
332,614
Public
stock of
common
268,915
2,124,416
York
From
1945
revenues..-.-,..---—-
P'ov. foi
115,060,-
Income
12 Months Ended March 31—
Operating expenses
Maintenance
of
960,790
203,616
1944, and modified in
December,
preferred stockholders
were
to
receive
in exchange an
equal number of $100 par value common shares and holders of existing
254,039
43,802,629
reports
an
638,659
amendment
The
144,275
revs
and
New England Gas &
70,838
1.272,453
468,133
income.—
file
to
440,275
exps.
♦Not
including post-war refund credit of $28,500 in 1945, $22,000 in
1944, $18,700 in 1943 and $18,200 in 1942.—V. 161, p. 1659.
62,143
1,948,493
railway.
York
New
646,635
oper.
86,000)
profits taxes
64,297
2,119.114
New York Water Service Corp.—To Amend Plan—
263,222
oper.
The
taxes
profit
Earns,
1945
$529,721
taxes...
75,814
1,G57,423
income—
1—
railway
Corporation,
$702,537
3,576,824
.♦Railway tax accrualsEquip, and jt. facil. rents
of
company,
132,029
oper.
Canadian
income—
oper.
Total
proposal
President
209,358
$
Railway
stating that he had planned to
per share for their Naumkeag
Benson,
181,747
161, p. 2004.
$931,646
$
be
than
more
proposed offer
not
P.
H.
$323,719
188,743
oper.
Net
482,821
Period End. Apr. 30
$135
made.
states that if
However, Mr. Little
promptly he will
holders
of
withhold
to
of
may
Made
vided
letter
a
them
to
statement
recent
that,
offer
formal
a
company
$460,215
from
Net
—V.
$468,553
Jan.
From
Gross
1942
.
$426,424
railway——
from
-240,073
railway
1943
railway—__
from
Gross
Div.
Naumkeag
3,812.224
RR.—Earnings—
:;7;: April—
Operating income
Royal Little, trustee under declaration of trust created June 4, 1937,
fur benefit of The Rhode Island Foundation, is mailing to stockholders
(he
$2,849,712
2224.
p.
Operating
1942
1943
1944
$840,746
income
Misc.
at
$719,643
income
Net
Mexico Ry.—Earnings-
than
Naumkeag Steam Cotton Co.—Offer May Be Made—
951,270
$6,786,029
3,936,317
Period End. March 31—
'&
(Including All Leased Lines >
Other
less
~$T86T575
$1,070,913
$746,247
deductions
Income
I
railway
New
1865.
p.
Dr 7,000
$6,676 799
$1,588,637
842,390
income
Gross
Appropriation
be
may
Lb'16,039
Niagara Hudson Power Corp. (& Subs.)—Earnings—
1—
161, p.
Net
as
i)r3,178.
Dri.39t
596,857
railway
Jan.
from
the com¬
at $2.50
of
manager
Division.
and employees of
the board
as
H.
Insulator
n
share; to other officers
determined by the board,
$2.50
Paul
Electronic
income
income
1,602,855
563,444
Railway
stockholders
The
$6,683,799
Co.,
lilies.
to
2,963,939
2,609,200
353,631
railway.
oper.
From
on
Manufacturing
4,584,108
1,775,838
1945
from
Net
approving a change in
and an increase in the
authorized capital stock from
150,000 shares without par value, to
250,000 shares of $1
par
value.
The directors recommended the
mange in the firm name because the company has added other new
National
to
4,217.478
464,531
income
1885.
p.
from
Gross
National
name
161,
Net
f
Stock
4,462,879
2,147,370
railway
railway
oper.
New Orleans Texas
com¬
before.—V. 161, p. 2223.
year
a
1945. had 820 stores in operation,
19,
from
from
Net
Gross
$7,795,072 $36,302,915 $37,669,440
$7,327,056
The company at May
$6,802,068
value
April—
1945—20 Wks.—1944
J.945—4 Wks.—1944
Sales
$1,674,091
585,769
91,337
railway...—
opcr.
Net
Trust Co.,
National Tea Co., Chicago—Sales Decreased—
3,633 03Q
$1,593,023
According
RR.—Earnings-
1945
—
from
Net
1948, at 100% and interest.
Payment will he made at the Bankers
trustee, 16 Wall Street, New York, N. Y.—V. 161, p. 2003.
1,
2,572 500
3,726,087
common
From Jan. 1—
s
3,157,000
company
negotiate for purchase
Maine companies.—V. 161, p. 2233.
buyers
Net
Interest,
838,000
932,272
holdings.
utility
of
#
19
company.
its
tive
& 2%%
21/i%
received
was
to
seven
April-
Corp.—Redeems
that
24
May
Service.
Gross
National
learned
according
312.
p.
Holdings Attract
9ia
17 540 0T
1,003,228
profits
'exc.
Other
Other
England Public Service Co.
was
As
Jr., President, on May 28 announced that assets of
sponsored by this company totaled $23,638,455 oh
Sinonson
J.
Investment-
$31 470
taxes
Fed.
.
W
)
254,000
$257,566
$409,770
surplus-
and
have "expressed interest
in the possible purchase" of one or more of the five Maine textile
mills and two paper companies owned by the company.
The .disclosure was made in the first report filed with the SEC since
a compromise agreement was entered
into early in May by the com¬
pany and a
group of its prior lien stockholders; each of whom has
pending before the SEC a plan for the reorganization of New England
It
1430, 1546.
pp.
National Securities & Research Corp.—Assets Rise—
li
taxes-
income
4,395,039
1775.
p.
New
In
Gross
dividends
common
1945—12 Mos.—1944
$8,251,385 $32,384,784
4,580,022
17,761.629
Operating revenues
Opcr. maint. & deprec.
$8,450,295
Interest—
"One
Utility
Other
for
161,
1945—3 Mos.—1944
Period End. March 31—
Federal
dividends
before
Preferred
income—
on
income
on
interest
taxes
Light Corp.—Earnings—
New York Power &
219,575
the $8,125,000
ex
to be issued by
1945,
164,460
224,551
Debentures—Arranges for1 $4,500,000 Bank Loan—
have
in respect of
certificates^!
101,503
89,876
Taxes,
—V.
30 authorized
May
on
and liability
2,771,468
costs
power
the company to assume obligation
not exceeding $1,695,000 3% equipment-tru<t
the Central Hanover Bank & Trust
Co
as trustee,
and sold at par and accrued dividends to the Recon¬
struction Finance Corporation in connection with the procurement 0f
certain equipment.—V. 161, p. 2113.
~
ICC
The
1944
1945
4
Gross
Other
From Jan. 1—
Gross
Equipment Trust Certificates—
Co.- -Earnings-
3 Months Ended March 31—
1942
1943
1944
1945
New England Power
Ry.—Earnings-
Nashville Chattanooga & St. Louis
April—
Monday, June 4, 1945
FINANCIAL CHRONICLE
THE COMMERCIAL &
2450
Co.
2.944.852
*307.280
118,009
*738,142
*213,592
North American
The
pany
2.486.351
.
265,454
*62,670
*5,378
$25
has
its
par
Co.—Dividend Approved—
approved
common
stock,
common
2.228,795
191,991
SEC
on
the
declaration
of
a
ic°«
e°Lc^ *00. ^ares of North American
is
payable
,
for
38
July 2
fractional
cents
a
to
shares
share.—V.
dividend
by
(his
com
payable in shares of Pacific Gas & Electn
at the rate of one share of Pacific Ga
stock,
holders
North
id.
p
of
record
American
2113.
June
will
common.
1.
pay
In
a
lieu
The divider*
certificatf
of
cash
dividend
1
Number 4391
161
Volume
THE
Norfolk & Western Ry.—Earningsperiod End. Apr. 30—
plies, priced at average,cost, $37,268;
1945—Month—1944
1945—4 Mos.—1944
$13/134,293 $12,980,905 $54,037,231
Railway oper. exps.—__
7,529,128
7,402,412 30,745,440
revs.—
oper.
Railway
d
—i,
i
Net
$8,105,165
revs
oper.
ry.
accruals.—
tax
Railway
$51,828,871
.
in 1.1.,
$5,578,493 $23,291,791 $21,688,720
4,725,656
4,003.574
estimated
terred
17,799,398
16,055,218
bonds
income
$1;379,509
(net Cr)__837,862
15,159
$1,574,919
702,581
17,213
Railway oper.
Eauip rents
facil. rents (net Dr)__
$5,4.92,393
3,150,796
64,661
$5,633,502
2,922,572
Federal
of
total,
general
etc.,
aid
taxes,
35,000;
of
$57,546;
for
reserve
customers'
161, p.
Net
income
—
income
Gross
$2,202,213
244,635
income.
oper.
ry.
$2,446,843
176,136
-
funded debt
Interest oh
$2,260,287
572,365
$2,832,652
176,136
$8,498,411
2,244,231
$9,502,306 $10,742,642
704,544
704,544
12
Months
$2,270,712
$2,656,516
appropriations—.f
59,852
300,000
57,965
630,000
218,944
1,100.000
213,098
2,430,000
income—
$1,910,860
$1,908,550
$7,478,818
and res. fundsappropriations _
$8,797,762 $10,038,038
Skfi
construc¬
paid-in
quarter,
(& Subs.)—Earnings—
maintenance
and
161,
237.385
19,825
End. Mar. 31—
3 Mos.
income
Operating
Operating
Net
depletion,
&
___
52,4.11
1943
1942
$65,59.9
18,604
$75,787
17,861
$60,082
$43,995
$57,926
27,366
24,602
20,780
42,905
company
(& Subs.)
42,905
2
______
$35,480
Comparative Balance Sheets,
$26,215
31
March
Operating
Depvec. &
Gross
Int.
&
$2,932,799
expenses
1944
Cash
$196,349
1945—12 Mos.—1944
$2,876 006 $36,273,144 $34,289,732
1,066.007
14,493.494
12,313,582
339,822
4,082,564
3,977,196
,813,031
885.080
10.455,901
10.432,359
$575,419
$587,097
$7,241,185
$7,566,594
305,731
319,113
3,733,668
3,826,034
$269,688
for
$267,984
$3,507,517
$3,740,560
83,500
117,443
1,171,715
income'
deductions
book
Net
field
value
of
mineral
rights,
leases
562
and
equipment
Furniture
Deferred
cost
1,125,355
1,142,653
Net
2,428
Net
131,545
$1,544,218
$1,568,366
Liabilities—
Accounts
Federal
$1,636
Deferred
Common
stock
Capital
.Earned
18,671
.
$5)J
(par
surplus
surplus
ry.
—V.
-
p.
Ontario
with
Power
the
Co.,
Ltd.—Pays $12.50
stated
affairs
the
that
of
"a
the
winding
further
company
this
Div.
subsidiary
of" Canada Northern Power Corp., a capital payment of $12,50 a share
on
Northern Ontario common
stock
is being distributed to
holders
of record April 30.
is
of
up
will
distribution
small
finally
are
company,
wound
up
a
be
and
made
when
charter
the
surrendered."
Northern
Ontario
Commission
has
bonds
redeemed
sold
Ontario
of
These
bonds.
—V.
its
its
late
physical
in
1944
assets
for
to
Hydro-Electric
$12,500,000
of
Ontario
Power
Hydro
Northern Ontario already
161, p. 571.
subsequently sold.
were
preferred stock.—V.
April—
Gross
Net
from
from
Net
From
Gross
Net
Net
2.115.396
—V.
49,604
71,945
51,322
30.316
15.758
29,276
21,070
48,701.048
9,947.483
14,738,169
5,924,671
6,752,649
income—
43,166,424
15,361,571
9,198,949
railway.
517,200
480,578
Electric
totaled
States Power Co.
280,457
251,795
over
103,679
90,687
75,326
1945
$3,500,049
1776.
p.
output
this
of
46,226.000 kwh.,
single
for the week ended May 26, 1945
compared with 40,979,000 kwh. for the cor¬
an increase of 12.8%.—V. 161, p. 2336.
responding week last year,
Northern States Power Co. (Wis.)
Period End. March 31—
$2,012,683
revenues-
$1,819,843
$7,498. 939
$7,196,334
596,389
2,274 216
2,296,314
Maintenance
than
exc.
742,005
194,820
inc.)
and State inc. taxes
Federal
751 290
311,312
185,490
228,988
—
(other
390, 317
71,906
77,346
Depreciation
Fed
1945- -12 Mos.—1944
1945—3 Mos.—-1944
623,286
Operating
Operation
Taxes
(& Subs, )—Earnings
234,374
861 129
886,470
200,625
826 245
954.915
205,050
Total
oner,
168,345
88,155
613 124
210,510
$514,847
prof, tax
other
income.
$442,904
$1,782,619
$1,794,808
32,373
31,221
105,467
114,227
$547,220
$474,125
$1,888,086
$1,909,036
209,770
214,997
804,761
833,676
income.—
income
Total income deductions
Net
income
-V.
161,
p.
$259,128
$1,083,325
$1,075,360
6,784
6,784
27.135
27,135
218,499
218.499
917,695
1,048,794
$337,451
—
Cumulative pfd. divs.
Common dividends
1357.
bid
close
Net from
from
$460,635
$381,921
31.069
118,727
86.537
93,654
17,841
75,087
44,624
551,638
•
2,006.746
Deficit.—V.
161,
1,827,431
394,145
197,322
*15,939
the rejection by the SEC of their b)d
an aggregate of $25,736,900:
unusual
transaction
and
involved
ihe
largest
Coast
security at the New York market close.
hours at least and perhaps longer had to elapse
to sell after taking a
firm commitment at ..the
free
SEC
the
had
announced
that
if
there
only
was
one
follow the
not
close
successful
the
so
This delay
efforts
The
biddei
greatly increased the
both
of
normal procedure of approving
North
The
would
be
price
to
free
a
to
Maintenance
depreciation..
taxes
Federal income and excess profits taxes
General
Gross
Interest
income
and
35.555
36,259
64,008
-----
for
Net. earnings
Other income /,/_'•'/• ,'r',r
216,954
CY917
Cr 1/182
.
.
1944
$918,152
254.810
Operation
_r_ —
__
.
General expenses charged to construction
Prov.
63,936
88.162
85,517
181.100
-
243,417
competing
offer
ourselves
in
an
on
Specific
group.
instructions
;
~
_____
—
income
$272 985
6.885
6.374
$277,583
$279,360
162,705
...
.
"
that
wherever
letter, advice was to be given such member that the letter meant
exactly what it said and action should be taken accordingly.
164,275
$114,878
Balance Sheet, March 31, 194."
in
needed
movement.
market
the
understand
several laige underwriting houses who
that
proposed
Co. to form competing
groups.
They declined so to do—not on the .ground they did not
wish to compete but that the best job in this unusual situation could
be done by the group already prepared to bid.
The bid price was to
be fixed
by comparison with the greatest competitive market in the
world—the'New York Stock Exchange—where prices are fixed by free
bid
requested'by The North American
were
all
for
by
the
all
in
with the SEC the public must be edu¬
the merits of the security registered.
The disappointment
to
as
of potential purchasers when the announcement
came
ofefring of the stock could not be made (together with the
knowledge that the market would not be affected by the offering of
the 700 000 shares) has had its natural effect and buying orders today
carried'the price to a close of $38,875. or % of a point above the
proposed offering price of $38.25,—V. 161, p. 2336.
Federal
Robert Oliver
of
May
on
elected
18 was
a
director.—V.
160, p.
with
1945
for
resale
___
the
profits
1,903.980
income
1.891,387
262,481
247,171
1.200,282
62,505
997,787
revenues.
$5,643,530
84,549
—.
deductions
Net
from
$5,431,497
1,430,594
$4,366,351
1,247,400
$4,060,903
1,044,300
$5,613,751
income.-
$5,437,065
$5,728,079
1,361,729
-
—
Total
$5,105,203
income
—
Estimated
reduction
Balance
—V.
of
160.
in
Fed.
income
taxes.
—
income—
Pennsylvania Glass Sand Corp. (&
Sulk)—Earnings-
1945
1944
1943
$384,030
$403,204
$440,497
after
deprec., depl., int. and
other charges-..-,..—^
Prov. for inc. and exc. prof, tuxes.
income—
Earnings
—V.
54,432
2337.
p.
Li Months Ended March 31—•
Profit
1,830.423
47 ,'471
tax
taxes-—--
operating
1944
2,301,800
Income
Gross
268,618
290,015
$134,586
$150,482
$0.29
$0,30
$0.34
share.
common
per
252,510
$131,520
...
161, p. 2038.
Pennsylvania Power & Light Co.—New President, Etc.
C.
E.
Oalces,
elected
the
formerly
President.
Electric
Bond
Penn«vlvanio
V.
Power
President
A.
D.
of
Root,
Share
Co.
Light
&
Co.,
&
Birmingham
for
many
has
Electric
years
Co.,
connected
has
with
dealing
parent,
specifically with
named Vice-President.—
been
161, p. 2337.
Pennsylvania Railroad Regional
(Excludes L. 1.
Period End. April 30—
R. R.
Railway oper. revs
Malnt. of way & struct,s.
Maint, of equipment—
Misc,
9,168,252
15,729,909
Traffic
1,031,467
Transportation
34.750.289
——
operations
General
1,269,838
1.479,925
—
1944
R,)
1945—-4 Mas.—1944
$
84,832,092
.
System—Earnings—
and B. & E, R.
1945—Month
$
Net
fr.
rev.
$
jj*
83,287,719 324,462,136 328,232,967
9,985,016
36,826,541
37.381,781
15,774,892
60,667,203
62,816,877
•
.
1,093,351
4,061,385
4.167,272
32,000,987 139,018,217 131.851,360
1,286,926
5,419,645
5,257,534
1,439,764
6,385,636
6,007,627
21,402,412
72,083,509
80.750,51:1
9,788,980
1.020,690
26,734,000
4.339,135
35,106,615
4,277,210
1,105,322
1,043,597
4,700,861
J.634,511
1,095.068
2,922,193
3,346,590
233,047
202,963
837,212
818,780
9,312,188
opers.
21,796,783
8,513,000
ry.
8,635,231
32,550,108
32,566,798
Railway taxes
Unemploy.
ins.
taxes—
1,079,123
Railroad
taxes—
1.168,986
Equip, rents (dr. bal.)_
facil. rents (dr. bal.)
retire,
Jt.
Net
ry.
income.
oper.
Earnings
April—
Gross
from
Net
ry.
From
Gross
of
Company
1945
from
Net
ry.
.„
railway.—.
railway.......
oper.
323,844,847 327,629,742 303, 605,955 237,843,914.
81,261,487
72.296,971
86, 340,316
63,299,523
income—
32,828,554
1944
1945
1943
used
1942
$1,085,989
$1,193,871
($1,120,323
(Earnings per share--
$0.05
$0.07
$0.08
$0.07
'*After
Federal income taxes and provision for re¬
negotiation.
(Without provision for excess profits tax and renegotia¬
tion.
(On the 15.000,000 shares of no par capital stock.
effects
The
first
1945'S
bv
released
and
956,568
for
provision
"Production
of
receive
billings
"Reduced
predicted to materialize as
goods, are already reflected in
according to a financial statement Just
This war-engine maker, now producing
and Packard PT-boat motors, reports factory
$97,977,931 lor the period, a reduction of $15,«
company.
aircraeft
under
VE-Day,"
cutbacks in war
figures,
quarter
the
,
of
first
three months' volume last year.
volume and
Volume
Raises
Overhead
smaller fees on engine
contracts,
authorized
15
3%
and accrued
redeem
redeem
employees'
held
lieu
in
bonds,
22.152,781
series
C
relief
and
and
issue
$57,130,009
company
to
G, $52,981,000 thereof
the proceeds, with other
to
be
funds;
mortgage 3aV,;
bonds, series C;
at the same price and the proceeds used
general
bonds held
fund;
the
series
interest,
outstanding
insurance
of like
36, 168,254
and
companies and In
$2,057,000 thereof' to bo
by certain subsidiary
the
bridge
remaining
renewal
funds
and
principal amounts of series C bonds
so
in
the
treasury
ia
held.
The
report of the Commission states in part/',.'
The applicant published a request for bids for
eral
$52,981,000
of
gcr-
selk's'Qrbonda.
It also mailed copies7 of such request,
firms, partnerships and corporations, IB
life
insurance
companies and
10 savings
banks.
The
bidder
was
required to specify thev rate of interest to be borne bv the bonds L
multiples of As of 1%,
In response thereto, It received three bits
representing 208 participants,
The bid of the Equitable Life Assurance
Society of the United States, oi par, with an interest rate of 3'< per
annum, represented the lowest interest cost It the applicant and wan
with
mortgage
copies of circular,
to 74
aeeepied.
with conse¬
higher overhead, largely account for this profit drop," stated
Christo/her, President and General Manager.
work, necessary to cut any lag in production
T.
Pre-reconversion
and thus lessen employment layoffs, also represents a new
expense," he said.
"In addition, there are costs which must be faced
clu ngeover
May
on
mortgage
par
$2,092,000 thereof to be sold
to
$655,420
Fed
ICC
to
33,133,168
Authorized—
general
at
1942
1—
from
from
The
a.
1943
railway.— $84,671,818 $83,113,472 $82, 787,598 $69,691,561
21,467,273
21,957,312
27, 650,591
23,659,579
lncpme—
9,397,623
8,810,307
13, 303,471
11,657,654
railway
Jan.
Net
sold
Only
1944
„
oper.
Net
2759.
(& Subs.)—Earnings-
.taxes, etc.—,
quent
Government,
$21,722,232 $20,949,261
7.550,516
7,322,584
1,498,250
1.649,887
1,516,417
1.307,952
__
taxes--
excess
Bonds
*Net profit after deprec.
•
from
1945—4 Mos.—1944
(deprec.) of fixed capital
utility plant acquisition adj.—
income
Net
Pacific Tin Consolidated Corp.—New Director—
sales
PCA
operating
$161,391
*$56,681.
161, p. 2337. /
j
—.
Amortization
registered
offerings
the
and
the year,
increased
return
retirement
trading.
open
hundreds
Geo
months of
greatly
1945—Mouth—1944
.
Maintenance
from 144 members was unanimous that strength was
distributing so large a block of common stock at the top
$115,084
Assrfs—jPrepertv. olant: and eouipmont, $7,074,338; miscellaneous
ecurity investments, at cost. $28,145; cash, $316,082; U. S. Government
eourities. $149,675; accounts and potes receivable (less reserve ot
1,902), $70,594; accrued utility revenues, $21,422; materials and sup¬
in
response
Rolls-Royce
-
other deductions
'•
given
the
Lowered
Net
were
made by any member of ihe group as to (he sincerity of
was
manufacturers
$270,657
;
possible
operating
revenuesOperating
expenses
Electricity and gas purchased
Net
and
Co.
issue coming to the market immediately after
the fixing of the price and
in smaller amounts and not . subject, to
the
delay and perils inherent in this particular instance is hardly
comparable.
Under all the circumstances the gross spread of $1,483
per share was justifiable and can be fully supported in any lair ap¬
praisal of all the surrounding circumstances.
Criticism having ebnie to us in early May that the proposed bid¬
ding group might be too inclusive to satisly
the requirements of
"competitive conditions" required by Section 12 (d) of the Public
Utility Act of 1935 as administered by the SEC a letter was addressed
by tlie manager to each proposed bidder on May 3, advising each
member
he was free
to withdraw and stating we would welcome a
The spread
that
by PCA
Capital Airline
J,
O'Donovan,
Pennsylvania Electric Co.—Earnings—
been
inquiry
Record
a
flown
prevent the
Quaes. End. Mar. 31—
1945
$892,950
—,
J.
12 Months Ended March 31—
of
12 Months Ended March 31—
revenues
resulting
Total
risk.
American
2004.
Ohio Water Service Co.—Earningsoperating
Alter
i
Other
as
the
day.
(6)
to
cier
tuxes—--...
Packard Motor Car Co.
Total
the remaining
$90,263
*$4,165
provisions for taxes.—V.
.
Other
the security the day before and the day of the bid in an
price from declining affected the reasonableness
of the spread as the stabilization may have prevented a previous de¬
cline.
This mailt that the offering of the issue as well as the price
of
$38.25 were particularly vulnerable to the impact of unfavorable
135,556
110.960
national need
Redemption
The
miles,
passenger
1.293,468
308,201
140,252
p.
1.900,745
337,717
railway.
Net ry. oper. income
*
$476,962
railway.
Net ry. oper. income—
From Jan. 1—
Gross from railway
Net
1942
$439,777
railway.^
1943
profit
^Deficit,
stock
would
at,
that
of
1944
(Net
Co.—Blyth & Co., Inc. Hold Bid
were
we
they
cated
1945
$568,000,000 and
the
bringing the PCA fleet up to 20 transport,
plane is now in the airline's maintenance base
additional
Income
Twenty-four
made
of
when
April
-
and
Northwestern Pacific RR.- -Earnings-
in
than
Period End, April 30—
following statement on
Pacific
a
As
April—
Gross from
at
as
passenger miles
in
revenue
schedules,
State
offering to come to the market in recent years,
price of the stock before both Tne North American Co.
and ourselves stabilized the price of $38,375 and $38.25, respectively,
approximated the highest price the stock had reached since 1936, or
approximately eight years before the bidding.
(3) The difference in time between the cause of the New York and
San
Francisco Stock
Exchanges (three hours)
complicates bidding
We
Gross
long
Washington, D. C„ due for early return to the fleet,
traffic
figures are expected to mount
materially
of its system into New York
City on July 2.
The
The
Net
"stand
as
passengers.
flight
Inc., on behalf of the bidders in the recent proposed
shares of common stock by the North American Co.,
common
(2)
effort
company
as
191,358
An
Federal
$36,767 per share, or
(1) This was a most
for
13,50,000
historically
ilown
Prov.
1944
$3,950,439
the
made
of
revenue
totaled
was
revenue,
have been made
service of several aircraft,
115,536
71,166
2004.
& Co.,
700,000
of
delivered
engines and Spare
the first quarter
Stock Justified—
Blyth
sale
31,245,404
7.835, lSSfc
(Del.)—Weekly Output—
books
of
1886.
p.
month
Increased
335,968
210.135
news.
Northern
has
1942
453,905
income—
Pacific Gas & Electric
(5)
5,843,470
its
on
prior attention
our
had
company
through
By carrying 58,358 passengers during
April, PCA more than doubled
Jtsr traffic count, tor ''the same monthlost yeaiv andt came within a few
passengers of establishing an all-time monthly record.
In the four
months just closed, a period
during which operating factors are less
8,592
_
railway..!.:
161.
1,562,369
2336.
p.
$79,937
stabilizing
45,756,518
railway.
railway
oper.
161,
1942
$8,228,613
1—
Jan.
ry.
—V.
income--
1943
$102,802
sales
market
1945
1944
1943
$11,063,150 $12,174,219 $11,592,653
2.030,695
3.642,522
4,449.154
1,322,036
1,674,523
2,585,766
from
from
Net
railway
railway
oper.
ry.
1944
Oppenheim Collins & Co., Inc.—Sales Increased 12.9%
before
Ry.—Earnings—
orders
his
worth
production
PCA's
$127,729
Quarters Ended April 30
(4)
Northern Pacific
dollars'
war
1—
oper.
161, p.
for
connection
It
from
ry.
$1,568,366
883.
Northern
In
#222,251
$1,544,218
-
1.61,
Jan.
from
1,104,000
149,472
that
reported
its
extension
$105,660
—
income.
oper.
Net
25,138
151,972
258,158
L—
Total
$1,886,173
1945
railway.
railway...
from
From
25,973
1,054,000
—
$2,335,802
40,887
34,450
credits
Reserve for contingencies—
$645
25,331
payable
taxes
have
161,
one
planes.
from
Net
-
$150,541
2336.
p.
April—•
Gross
Total
that
said
to
of
Vice-President,, announced.
During the first; lour months of this yearPC^ lias more than doubled the revenue passenger miles flown
during
the corresponding period of last
' : •
year.
v.:
in
2,399
(net)—
assets
last
»
Oklahoma City-Ada-Atoka Ry.—Earnings-
109,488
at
stock____
$180,188
161.
Gross
-
fixtures,
and
pfd.
Balance
—V.
110,156*
471
-
cost
receivable-
start
greatest number oi
any
1,854,387
taxes..___
other
on
first,
period
same
161, p. 2337,
recorded
340,997
income
Divs.
outlet*
peacetime
1945's
company has called for redemption on Julv 1, next,
through
of the sinking fund, $500,000 of its
outstanding first mort¬
gage
and first lien 3% bonds, series C, due Jan.
1. 1962, at 101 Vi
and interest.
Payment will be made at the City Bank Farmers Trust
Cc.., trustee, 22 William St., New York, N. Y.—V.
The
$181,022
110,156
—'
bonds, at
Accounts
the
in
operation
In
1,203.352
amortization
Provision
,
1945
Assets—
U.:S.
$34,395
President
the
He
favorable
$41,588
taxes
of
$43,442
Earnings—
1945—Month—1944
Gross 'revenue.
Net
Federal
our
1775.
p.
23.531
before
income
Net
doubie
franchise,
ahead
200,005
The
$32,096
Period End. April 30—
.
$68,954
etc
chgd. off
prop.
1944
$80,165
20,033
to
of
dealer
Pennsylvania-Central Airlines Corp.—April
before
inc.
oper.
1945
$90,537
21,583
.,.—
expenses
270%
goal
increasing
Panhandle Eastern Pipe Line Co.—Partial
25,268
52,28!)
ex¬
income
Ohio Edison Co,
North Central Texas Oil Co., Inc.—Earnings—
post-war
a
busy
209,761
(net i,
etc., of subsidiaries
Preferred dividends of subsidiaries
Miscellaneous
deductions—parent
running
billion-aud-a-quartev
a
exists."—V.
2113.
p.
Packard
from
continue
1944
$373,788
taxes
for depreciation and retirements
Interest, amortization of debt premium and
161,
already
are
1945.
will
1945
is
,
The
01
$384,501
department
Packard Production Tops Billion
parts
31—
towards
program
sales
year."
nearly
Provision
Net
expansion
preparatory to a car production eventually
New accounts closed for the Packard
$1,162,714, contributions
surplus,
$1,526,539; total,
....
—V.
of
Balance
Dcpl.
for
1661.
March
earnings
Operating expenses,
our
augmented
high.
$7,335,000
income-
Net
—V.
Ended
Gross
pense
Misc.
advances
57,662
$8,578,528
923,778
in
annually.
depreciation,
construction, .$51,163;
$7,95-3,237—V.
now
cars
"An
stock
mon
Ohio Cities Water Corp.
other
prepaid insurance, etc., $10,197;
excess
proiits tax, $7,109; de¬
2451
$7,951,237.
(par $10),
$1,215,660;
first
mortgage
seiies, due 1964. $3,660,000; accounts payable, $5,923: cus¬
deposits and accrued interest thereon, $32,950; accrued items,
tomers''
tion,
Jt.
3236,406;
4%
$290,679.
in
refund
post-war
charges,
Liabilities—Con
30,140,151
w..in
,—„—_
COMMERCIAL & FINANCIAL CHRONICLE
The applicant has in Its employpes' relief fund $304,000 of series C
bahds(: ahd $1/788,000 of the same^/.series are held bv The following
named wholly owned companies in
respective amounts
Estate
&
Trust
indicated:
Co..
the Pennsylvania RR. system in tba
Pennc"iVs»nia
$520,000;
Co..
Philadelphia
$7*9 000;
M«nov
p«»i
& Camden Ferry
Co.,
$90,000; Blair Gap Water Supply Co., $39,000; Clearview Water Supply
applicant
ations
in
installing
excess
net
of
of
Philadelphia Co.—Calls $91,000 of Bonds—
has called for redemption on July 1, next, for account
fund, $91,000 of 4V* %
collateral trust sinking fund
July 1, 1961, at 102V* and interest.
Payment will be made
at The First National Bank ot the City of New York, trustee, 2 Wall
St., New York, N. Y., or, at the option of tne holders thereof, at the
Continental Illinois National Bank & Trust Co., 231 So. La Salle St.,
refinancing is estimated by the applicant to result in a
April 1, 1970, inclusive.
This amount is
computed as follows: Interest from Aug. 1, 1945, to April 1, 1970 (24
years and 8 months) on $57,130,000 of series C bonds,
$49,470,250,
less interest on
$57,130,000 of new 3%
general mortgage, series G
bonds from June 1, 1945, to April 1, 1970, after allowing for annual
sinking fund retirements as well as premiums at scheduled redemption
prices, $37,843,925,
indicating an interest reduction of $11,626,325,
from which should be deducted the expenses of $2,349,763,
leaving a
aet saving
of $9,276,562.
The applicant has included in its interest
computations the interest on the $663,000 of bonds held and to be
held in its treasuryIf the interest on such bonds is excluded from
tfcc computations the net saving would be approximately $9,157,222.
The applicant expects to benefit through deductions for income
tax
purposes to the extent of approximately $2,800,000.
The
net
working cash balances of the applicant as of March 31,
1945, after allowing for outstanding and unpaid vouchers, pay drafts,
dividend
and
interest checks,
etc.,
was
$40,500,000.
After certain
deductions amounting to $5,900,000 are made, a free balance of $34,bdO.OOO remains for cash requirements accrued prior to March 31, and
to
permit of compensating balances to depository banks,
which to¬
gether total $44,000,000.
In addition to the working cash balance
indicated above, the applicant had liquid assets amounting to $149,434,000.
It is considered desirable to maintain and augment these
funds
to
enable
the applicant
to meet the uncertainties
and con¬
tingencies that may arise in the near future, particularly during the
post-war reconversion period.
The total 1945 taxes payable, regardless
©/ earnings, will approximate $130,000,000, the greater portion of which
is
based
on
1944
earnings and the applicant believes., it mu&t«d!we
reserves
of approximately a year's taxes to meet any slump or drop
ifl business or reveneus.
Other contingencies which might have to be
Attnfronted^qiso must be provided for.
of %9,276,562
saving
axfdTdctfr
In
ttui
to
earnings
the
in
Bank of Pittsburgh,
Pittsburgh, Pa.
the full redemption
price, plus
accrued
interest to July 1, will be made upon presentation and surrender of
any of the $91,000 of bonds called.—V. 161, n. 1432.
should
be
are
insufficient, liquid assets
All
of
i?x»d
the
outstanding
interest.
•ilher
in
3%%
bonds,
Philadelphia, Pa.,
at 380 Seveiun
or
Ave.,
New York,
N.
of 404,000
thereupon
their
at
may
receive
interest to Aug.
the
full
redemption
1945.—-V.
1,
surrender said
option
price,
bonds
at
together
with
maintenance
exps.,
Provision
for
etc.,
Interest,
Interest,
depreciation
deductions
amortization
mium
(net)
and
and
and
of
of
68,222
•After estimated Federal
subs
discount,
The
directors
due
and
have
Net
income
161, p.
shares
3,000,000
Y.
the
Pickering
It
of
$5
:
$8,220,300
called
be
loan
$8,355,863
7,752,585
profit.
that all
for
has
Estimated
Federal
Estimated
income
Federal
post-war
tax
excess
;
61,726
$802,424
$673,997
35,203
charges...'
credit)——
tax
income
Earnings
per
for
144,675
(less
382,904
...
period..—
share
on
:—
...
common
stock..
275,820
$239,642
$221,482
$0.61-
$0.57
TJ.
receivable—
-J—
Treasury series C tax savings notes.
U. S. Treasury bonds and
savings bonds—L
Inventories
—
Merchandise
in
transit.———
of supplies.
...—'
deposits
...
in
closed
banks
(net)
Tctal
loans, investments,
Deferred
charges
Fixed
—
,——.
etc...
$2,002,668
41.689
—
1,460.800
109,335
107,750
4,456.506
4,718.717
314,577
325.072
53.783
10,295
239
124
578.294
399.562
(net).—.
Goodwill
127,388
2,571,376
2,838,558
1
assets
170.043
...
—
Calls
debentures
interest.
and
par
necessary
A
funds.—V.
1
$12,020,628 $12,141,509
Liabilities—
$2,893,101
2,385,081
607,694
Cr554,455
Net
ry.
Other
income
oper.
" "1945—4 Mos.—1944
$2,850,265 $10,587,983 $11,444,124
2,278,777
9,402.689 :> 9,194,115
700,008
1,871,700
payab'e
pavab'e
Common
Salary
stock
and
Accrued
—
(misc.)—.
dividend pavable—
wages,
taxes,
(trade)
due and
Miscell.
2,772,436
$1,427,196
$1,688,094
20,463
97,086
.
94,435
$475,792
$437,487
$1,524,282
$1,782,529
119.068
110.188
389,618
542,844
3,387
3,376
13,563
13,598
deductions
fixed
charges—
Income
incl.
State
—
accrued
income
$1,255,879
Fed.
$1,221,844
$353,337
-
inc.
&
Mortgage
pavable.—
+
$323,923
$1,121,101
$1,226,087
$415,019
$501,571
$1,121,169
April—
Net
Miscellaneous reserves—
Capital stock (par $5).
Net
ry.
1945
\
527.579
420,495
Capital
—-
—
—
surplus
from
from
ry.
50.0^0
50,000
53.186
161,
railway-—
1944
Net
2114.
corporation
lor
account
York
1,950.000
has
called
of 15-year 5%
the
of
Trust
Co.,
Army has
propelled
ry.
gun
Net
Col.
John
J.
in
that
Kennedy
has
service
60%
a
Shops,
July
1,
1951,
1,
will
at
be
New
reduction
Louis
000
York,
Of
from
Net
ry.
of
in
in
were
of
excess
Inc.—Stock
Gross
$10
Net
ry.
common
$50,000.000.—V.
stock, at
with
cost
no
this
49 400
5,530.674
to
the
History
and
under
ware
March 31.
Business—Company
$12,020,628 $12,141,509
the
30
incorp.
was
Louis Schwartz
of
name
of
days
Feb.
<*00 shares
Stores
etc..
all
The
Corp.
in
the
first
medium
store
was
price
two
Dela¬
others
in
Two
April, 1944 and 9 stores
additional
stores
have
in
were
since
are
been
that
oper¬
opened,
three
more
31, 1945 sales were $543,254, and net after taxes,
.$5,146.
F01 the two months ended March
31,
1945 sales aggregated
$188,785 and net after taxes, $9,266.
v
.
..
Capitalization
60c
cumul.
Common
Giving Effect
div. pfd. stock
stock
(par
to
000
before
livery
the shares are
able
for
the
of
expenses
in
connection
Expenses incident to
estimated at $49,526.
The
general
p.
corporate
purposes
1886.
with
the
net
Public Service Co. of
Taxes
493 104
519,093
Net
115,188
111.143
Other
14,372
62,341
de¬
161,
1"
"
V'
3,232,983
'
~
192,776
50T999
1944
$6,545,248
3,135,672
174,876
507,731
47o!287
452,538
1,317,827
25,289
1,206,096
24,975
$1 098 743
$1,043,361
_
excess
profits
income tax
State
53,793
operating
•'
$6,845,909
income)
and
r\,
1945
repairs—
replacements
inc.
ana
distribution
Colo.—Earnings—
revenues
than
sale
and
company.—V.
{ ./A
and
for
the
sale
the
of
expenses
(other
25.000 shs.
proceeds will be avail¬
•'
.'
,
operating
Outstanding
167,500 shs.
shares.
of
Financing
25,000 shs.
—
167,500 shs.
will receive cash proceeds in the amount of
$250,-
deduction
the
of
This
Authorized
(par $5)
50c)
Purpose—Company
36,773
laxes__I_
revenue
income—
'
3*535
3,502
$1,107.333
$1,046,863
518.023
_
1944
income
___
Interest
1943
1942
and
other
$127,880
$113,056
13.299
41.939
___
charges
income—
Dividends applicable
511,072
.
Net
.
$107,656
—J_—_-
____
99,555
$528,840
99.556
$496,706
$42^283
$596,261
51.055
8,640
23.652
443,920
147,369
134.424
78,714
105,749
88,235
115,198
Beeson,
been
preferred
stock
368,092
140.791
to
Balance
42,978
503,096
>
who
has
elected
Kennedy
retired
Executive
was
Vice
from
Vice
the
——
160,
President
in
p.
2338.
Puget Sound Pulp & Timber
Co.—Earnings-
Quarter Ended March 31—
production,
Cost
Air
Before
charge
of
of
sales
Depreciation
and
for
1944
28.320
23*569
28,585
$1,593^889
~~
.
revenue
other
expense
;
$1,736,307
1,257,612
'124
124,913
125,038
19-538
200.874
$10^ 201
write-off of mill
Federal
'
1 242 34°
~~~~
—
Non-recurring
Provision
1945
23,038
tons
sales, tons
Net sales and other
Army
President.
Net
profit
from
Non-recurring
281 295
159.233
294.225
165,281
214,175
114.420
174.478
$133,245
property3-X~
taxes
railway
2 753,418
2,339,857
2,617,596
1,822,225
railway..
1,067,151
743,295
987,935
555,964
591,11,0
505,971
capital
—I_II
gain
614.330
849,497
operations
net
income—
Net
Preferred
Net
income
Wheeling & Lake Erie Stocksell,
and
single block of
requests
the
bids
common
the company.
for
stock
the
purchase
of The
of,
59,-
Wheeling and
income
for
-Second
quarter
per
"19T094
$295,295
_
applicable
Earnings
the
dividend
requirement-
to
common
common
16.819
stock-
share
$278 476
_
L
instalment payment
433
—
123,658
._
1—
to
effec¬
in
range.
opened
by Jan. 31, 1945.
442,460
106.763
railway
a
the
1944
Name changed
being acquired, and it is planned
will be opened in
May, making 16 stores in all.
Earnings—For the fiscal year er.ded Jan.
$520,036
ofters
from
Y. City, from which the business is
buys, inspects, warehouses, and ships all mer¬
Company directly operates the New York office,
while (he stores are
wholly-owned subsidiaries, separately incorporated.
The stores sell women's and
children's wear, which includes women's
and children's coats and
suits as well as
silk, wool and cotton dresses,
sportswear, underwear, hosiery, beachwear,
bags, costume Jewelry, furs,
Colorado
$678,793
in
share
to the under¬
16,
to present title.
Company's main office is in N.
Fed.
13,746
Col.
Lake Erie Ry. owned by
(par 50C)
one
to offer 2,500 units to
Louis Schwartz or Ida
1945
for
•
stock
company,
including
for
$584,545
To Sell
161,
offering.
at $9.25 per unit for a period
tive date of the
prospectus (May 17).
Prcv.
466,461
2,454.740
4.124.255
it
Colony
offering 25,-
are
common
Schwartz),
Prov.
$698 774
oper.
self-
unit.
per
1942
from
from
and
tanks
share of preferred stock and
connection
20.083
1941
oper.
int.,
New
Y.-
Offered—First
25,000 units, the underwriters propose
employees of the company (but not
20.128
1944
Jan.
the
at
N.
medium
in
the
•17,034
1945
railway
total
a
100 and
Schwartz, principal stockholder, has agreed to deliver the 25,-
shares
writers,
Provision
Pittsburgh & West Virginia Ry.—Earnings—
from
next,
made
600 cumulative dividend preferred stock
one
36.529
20,801
April—
Gross
orders."
district,
and 25.000 shares of
units of
1942
2039.
p.
new
Redemption—
on
Payment
Broadway,
terminations
$138,214
$117,506
income—
161,
fund.
100
ordered
the
(par $5)
in
—V.
Europe,
the
redemption
__
Pittsburgh Steel Co.—New Executive Vice-Pres.—
Col.
or
at the company's armored tank
division,
by Ernest Murphy, President.
Slezak, chief of the Army's Chicago ordnance
sheftes of
Pulp
Pulp
Forces
for
Corp. and Childs, Jeffries & Thorndike
000
1886.
p.
of
changes in character
largely been replaced
formerly produced
_
1—
oper,
161,
was
it
have
1548.
Gross
from
rv.
time
neighborhood
2039.
railwayNet from railway——
—V.
figure
..
production
33,712
16,684
railway
Jan.
to
.
announced
was
1943
•37,093
railway—
oper.
income—
From
Gross
the
on
..
the
in
debentures due Jan.
sinking
trustee,
$128,647
388,232
income—
from
Net
that
,
past
terminations
and
material
•4,224
1945
from
time
From
4
the
in
Pressed Steel Car Co., Inc.—Partial
The
of $360 500
Maintenance
Pittsburgh & Shawmut RR.-—Earnings—
Company
p.
of
•12,424
April—
Gross
significant effect
any
as
1886.
$95,311
railway-
oper.
Net
129.207
Total
-V.
161, p.
Operating
1—
•Deficit.—V. 161, p.
From
40.400
—
cancellations
"83
'
t<
income..,
oper.
Net
125,808
1,225.000
110.368
surplus
Earned
140.000
120.378
—
of total sales.
date
$85,318
railway
railway—
Jan.
have
to
continues
98 486
227,738
1,577.619
educational loans
to 20%
to
work
war
3 Months Ended
March 31—
from
from
sales.—V.
222.QR2
—-
15%
but
in sales
earnings."
net
"Direct
$1,986,503
Pittsburgh Shawmut & Northern RR .—Earnings—
entering
1.750.004
.....
large fluctuation
for
Gross
122.737
—
Nctes
payable
Reserve for o^rible losses
on
Emplovee retirement reserve.
continues
exc.
profits • taxes
161, p. 2114.
132.761
•—
months
backlog of unfilled orders continues to be high.
The
company's
problem is one of production.
At this writing the situation
to be the. same as during the year 1944 in that it
takes a
states:
principal
—V.
175.243
101,264
taxes
Federal income and excess
profits tax. 1944
Est. Federal income and
excess profits
tax, 1945
Notes payable within 12
"The
Poor, President,
1-V.'-'s'T;• -W
•Inch
156.000
—-
A.
j
$417,024
21,011
income
"
pro
Fred
Cr545,544 Cr2,113,602 Cr2,210,521
$454,781
income..
Lt.
Accounts
prior periods have been adjusted to allocate to each period its
portion of the annual provision for taxes and renegotiation.
rata
160
Total
Accounts
for
96,791
1,568.799
10,260
——
Cash
at
the
-1945—Month—1944
accruals
Net
62 725
———.
Inventory
Contract
1944
$2,136,782
S.
next,
provide
expenses
Net
1945
;
1,
July
tc
revenues
Gioss
?et, March SI
Total cash—
Nvt accounts
Mo.
the $1,800,000 outstanding 4£
of
obtained
tax
From
Assets—
City,
Kansas
oper.
Gross
Net.
par
32.019
144,675
profits
Corp.,
redemption
been
$1.23
provision
managed, and where it
chandise to the stores/
$612,271
55.834
-
Miscellaneous
$10
7,743,592
$746,590
income.
of
1467.
p.
oper.
Net
Operating
Other
$1.16
for income and- profits taxes and possible re¬
negotiation refund is being made at the rate of 78% of income before
such provision less 5% for estimated post-war refund.
Adjustment of
this provision may be required when the amounts payable are
deter¬
mined
but it is believed the current provision is ample.
The figures
ation
Railway
Railway
Total
amortization)
$0.25
cl. B share..
per
Current
135,563
$8,499,175
and
shares
999,235
Pittsburgh & Lake Erie RR.—Earnings—
Total
depreciation
$678,000
$0.33
income
Earn,
and
•
131.045
income-
161,
Equip, (c jt. facil. rents
$8,368,130
stores
the
of
Pi' 2760.
Peoples Drug Stores, Inc. (& Subs.) —Earnings—
Other
a
Each
par.
Lumber
is announced
will
.81.807
1944
$781,000
To Split Common
—
Debentures—
$297,775
1945
$193,000
^
1776.
Quarter Ended March 31—
profits taxes
excess
renegotiation of war contracts.
authorized
in
each.—V.
$5
par
"Railway
.
State income and
$0.51
*
presently outstanding would be exchanged for two shares of
common
stock,
leaving authorized but unissued
1,001,530
new
shares,
319.521
$297,020
1.696,000
$210,000
Net
1943
$708,702
3,443
316,091
—
and
approved
increase
an
Period End. Apr. 30—
-V.
1944
two-for-one split of the common
capitalization to $50,000,000 from
$45,000,000. The stockholders will vote on such an amendment to the
certificates of incorporation at their annual meeting, July 10.
Capitalization presently includes 350,000 shares of $100 par pre¬
ferred stock and 1,000,000 shares of $10 par common stock.
The
common
stock
would
be
increased
in
the
proposed plan
to
pre¬
of corporation
etc.,
2,110,000
Princess
$946,326
$0.69
$0.62
Philip Morris & Co., Ltd., Inc.
bank
4,530
521,000
Government Contract Cut—
161, p. 2038.
729,981
.
569,000
of common stock at
$1,432,527
:•
1945"
$846,109
share—
common
and after provision for adjustments and
1944
$1,463,058
777,194
—
retirements-.—
debt
expense,
taxes
$2,374,,000
renegotiation reserve.
Subs.)—Earnings—
income—
—V.
Pensylvania State Water Corp. (& Subs.)—Earnings—
Operating
$2,891,000
The
company
Quarters Ended March 31—
•Net
and
accrued
1945
$714,000
stated
Earnings per
1945—12 Mos.—1944
$779,000
p.
161, p. 2225.
12 Months Ended Murch 31—
0.3%
or
1945—3 Mos.—1944
Earnings before tax res.
profits tax and
>'
/
Philco Corp. (&
time
any
kwh.,
2337.
p.
the
of
Income
—V.
and its subsidiaries for the
amounted to 125,713,000 kwh., an increase
over the corresponding week in 1944.—V. 161,
output for
week ended May 26, 1945,
common
Holders
■
electric
Department
Poor & Co.—Earnings-
Philadelphia Electric Co.—Weekly Output—
The
Massachusetts
Utilities
period End. Mar. 31—
of
Aug. 15 and Dec. 20, last year.—V. 161, p. 2225.
called for redemption on Aug. 1, next, at 104
will be made nt the office of the company
Payment
Ave.,
The directors on May 25 declared a dividend of $1 per share on the
non-eumul. 2nd preferred stock, no par value, and a regular quar¬
terly dividend of $1.12'/a per share on the $4.50 cumul. 1st preferred
stock, both payable July 2 to holders of record June 20. Like amounts
were paid on April 2, last.
Distributions of $2 each were made on the 2nd* preferred stock on
con-
series C,
Fifth
payment
the
petitioned
has
company
for approval of an issue of 2,400 additional $25
shares, to be sold at not TesS than f&31:;25 a share.
Proceeds are to be applied to payment of $75,000 of the
company's
indebtedness represented
by an outstanding note held by the First
National Bank of Boston, Mass.—V. 158, p. 1476.
$4
stock
mortgage
at the Farmers Deposit National
or
and
Philadelphia Dairy Products Co., Inc.—Dividends—
available.-
general
1970, have been
1,
St.
,,,
common
with re-orders
applicant
intervening period
cash
The
Public
sinking
Immediate
President. 405
Plymouth County Electric Co.—Stock Application—
due
Chicago, 111.,
Calls 3%% Series C Bonds—
Ai Til
the
Wood
will have maturities amounting to over
fl00,000,00D in 19r8"tiii'd 1949, which it is hoped may be met in whole
9T the greater part thereof without refunding, and to
the extent that
*«rtlble into
'/v;.-
1247.
The company
of
bonds
The proposed
net
Com¬
has been completed.
under way,
now
state that the same material which is to iJfe produced
will become the Phtiris passenger car line at the close
without further plant reconversion
being required.—
war,
161, p.
the
$60,000.
*tc„
the
V.
the sinking fund for the series C bonds.
from
expense
equipment
new
pany officials
for the Army
refunding is estimated at $2,349,763 and
consists of premiums of 4% on the $55,673,000 of general mortgage 3u/4%
series
C
bonds
to
be
redeemed, $2,226,920; Federal taxes on
new
bonds, $62,843, and trustee's authentication fee, counsel fees, printing,
The
Field—
President, in announcing on May 28 the receipt
by the company of an initial order from the Army Ordnance Depart¬
ment for brake linings for jeeps, declared that this marks the entrance
of Pharis into the passenger car field, since the same type of lining
is used on jeeps and passenger cars.
The company heretofore ^as
manufactured linings exclusively for trucks and buses.
The Army's initial order is for 500,000 segments.
Production will
start at the Ridgway (Pa.) plant of the company's Molded Materials
Division as soon as the
work of revamping present equipment and
Marshall,
of stock must be submitted to Charles j.
Wabash Building, Pittsbuigh, Pa., on or before
13.—-V. 161, P- 2039.
,
purchase
the
for
o'clock noon June
12
par
Pharis Tire & Rubber Co.—To Enter New
bonds,
treasury and
contemplated.—V. 161, p. 2038.
are
Furber
of the proceeds from the sale of the general
series G, required to provide for the redemption of
the series C bonds, including the payment of premium and all expenses
incident to such redemption will be supplied by the applicant from its
Funds,
mortgage
Corp. announced May 31
Securities
Union
also proposes to hold $210,000 of series G bonds in
bridge renewal funds as follows: $94,000, bridge renewal fund, Dela¬
ware River RR. & Bridge Co.; $38,000, bridge renewal fund,
Louisville
Bridge
&
Terminal Ry. Co.; $35,000, bridge renewal fund,
Ohio
Connecting Ry. Co.; $43,000, bridge renewal fund, Wheeeling Terminal
Ry. Co.
The outstanding shares of stock in the above named compt nies are owned
or controlled by the applicant,
the properties of
these companies are leased to the applicant, and series C bonds are
held in like principal amounts in each of the funds.
The applicant
will also hold $1,184,000 of the series G bonds in its insurance fund in
lieu of a like principal
amount of series C bonds now held in the
fund.
The remaining $663,000 of series G bonds will be held in its
treasury in place of a like principal amount of series C bonds.
The
Bids
Graham
that it has
completed a secondary offering of 5,600 shares of com¬
mon stock (par;$100) at $83 V2 per share.
No stabilizing
purchases were effected and no further stabilizing oper¬
Co.,
Water
ware
Co.—Secondary Offering-
Peoples Gas Light & Coke
Dauphin Consolidated Water Supply Co., $35,000; Dela¬
$10,000; High Ridge Water Supply Co.; $265,000;
OctorarO Water Co., $27,000, and Summit Water Supply Co.; $27,000.
These series C bjnds, a total of $2,092,000, are to be redeemed and
wrc to be replaced by like amounts of series G bonds, the latter to be
sold at the same price as those sold through competitive bidding.
Co., $16,000;
Monday, June 4, 1945
FINANCIAL CHRONICLE
THE COMMERCIAL &
_I_I~
$0.85
$133,245
16,819
$116,426
S0.36
on
Canadian timber properties, received
5, 1945, amounted to
$550,000, consisting of $292,541 return of
capital and $257,459
profit, on which latter amount
$64,365 was set
aside for capital
pains tax,
Jan.
of
$193,094.—V. 161,
leaving
p.
1247.
a
non-recurring
..
(Continued
0
on
page
2437)
net
capital
gain
161
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4391
•
2453
C
M
i
Stock and Bond Sales
DAILY
«»
New York Stock
WEEKLY
-
Exchange
YEARLY
-
Cma sad deterred duliwy salts ui disregarded in the day's range, unless they art the only transaction* ol the
day. No account la taken ol inch sales In computing
NOTlC®
United States Government Securities
the New York Stock
on
the
range
for
the
year
Exchange
Below we furnish a daily record of the transactions in Treasury and Home Owners' Loan coupon bonds on the New York Stock
Exchange during the current
week.
Figures after decimal point represent one or more 32d of a point.
~
Dally
May 26
Record of U. S. Bond Prices
May 28
May 20
May 80
May 81
June 1
Daily
f High
Treasury
.1
4%*, 1947-52.
Accord
li.
ol
a.
Price*
Bond
Treasury
2 Vis
[Close
Total sales in $1,000 units—
Total sales in
Low
101.1
101.3
101.1
101.3
101.1
sales
in
I
Low
103.28
Low
[Close
j LOW
16
(High
Low
9%s, 1951-53
J
[Close
in $1,000 units
Total sales in $1,000 units
-
Holiday
( High
\ Low
2V48, 1952-55
[Close
Total sales in $1,000 units..
.—
[High
High
-i Low
[Close
Low
2%s, 1954-56
Close
in $1,000 units
Total sales in $1,000 units
[High
High
2%s
Low
[Close
in $1,000 units
1956-59
Total
sales
in
16
Low
•
Close
[Close
Total
105.16
[ High
[Close
105.16
| Hign
LOW
[Close
1948-50.
j
Total sales in $1,000 units
*1%
Total sales in $1,000 units
sales in $1,000 units
2*. March
105.16
j Low
[High
1948-50
[ High
j Low
2s, Dec.
[High
\ Low
2Vis, 1951-54
Is, June, 1949-51
Total
sales
in $1,000 units
Total sales in $1,000 units
[High
4
102.20
j Low
102.20
[Close
[Close
Total
sales
in
Is,
[High
Sept.,
1
[High
t Low
1949-1951
[Close
-"i Low
[Close
Total sales
in $1,000 units
[High
Total sales in $1,000 units
Is,
[High
\ Low
2Vis, 1960-65
[Close
Total
Low
[Close
-j
sales in $1,000 units
[High
March,
2s,
2s,
1950-1952
102.24
102.24
Total sales in $1,000 units
i.
Sept.,
1950-1952
102.27
102.27
Low
102.27
102.27
•
Close
Low
sales
in
102.26
102.26
102.27
ClOSG
Total
102.27
High
Low
[Close
102.26
102.27
$1,000 unlts.
2s, 1951-1953
f High
j Low
Total sales
[Close
$1,000 units
in
[ High
Close
(High
in $1,000 units-.-
Total sales
j Low
Total sales in $1,000 units
in $1,000 units—_
Total sales
106.25
102.26
102.26
102.28
102.26
102.26
f)
j Low
[High
1%S
101.22
1948
j Low
101.22
[Close
Total sales
101.22
[Close
3
In $1,000 units
1
f High
1963-1968
I
\ Low
(Close
sales
Total
102.17
Total sales In $1,000 units
units
in $1,000
t
in $1,000 units—
[High
101.11
101.12
Low
101.11
101.12
101.11
101.11
101.12
101.11
Loan
Owners
Home
101.11
[Close
•(
Total sales in $1,000 units
1
—
30
.
f High
[ Low
l'/as, 1945-1947
5
[Close
Total sales
[High
< Low
[Close
2Vis, Dec., 1964-1969
1953-55
2s
102.17
[Close
2Vis, June, 1964-1969
in $1,000 units
102.26
| High
102.17
j Low
IVis, 1962-67
Total sales
102.26
102.28
—■
*3%
—
[High
sales
102.28
Low
[Close
1952-54
Dec.,
106.25
] Low
[Close
Total
3
High
2s,
106.25
f High
IVis,
102.27
in $1,000 units
2Vis, 1956-58
Total sales
102.27
[Close
[Close
sales
102.27
[ Low
1952-54
2s, June,
[High
Total
Holiday
sales In $1,000 units
Total
[ Close
2Vis, 1952-54-
r>
High
Low
—
Holiday
j Low
8Vi*. 1950-52—
1961-55.,
o
102.27
I
Total sales in $1,000 units;
Is.
102.27
1
in $1,000 units
2Vis, 1949-53
3
[High
1948
Total sales
102.24
Low
Close
in $1,000 units
Total sales
Vis,
1949-1951
[High
[High
j Low
[Close
2
Dec.,
in $1,000 units
1945
102.20
$1,000 units
Total sales in $1,000 units
2Vis,
Low
t
[Close
(Close
Total sales
103.12
$1,000 units
1947
2s.
Total sales in $1,000 units
2%s, 1948-51—
103.12
•
High
[ High
j Low
2%s, 1945-47—
103.12
Low
Close
\
ay«s, 1955-60—
2Vis, 1958-63
Holiday
Low
[Close
2Vis, 1956-59
103.29
Total sales in $1,000 units
[High
Total sales
27
103.29
\
2Vis, 1967-72
[Close
Total sales
101
r>
High
Total sales in $1,000 units
101.1
[High
--
:
*4
101
$1,000 units
[Close
3b, 1951-55
101.3
101.3
101
101.1
[Close
j Low
3s, 1946-48
101.3
6%
]
2Vis, 1966-71
Total
Total sales in $1,000 units
5
—
[High
Total sales
June 1
May 31
101.3
$1,000 units
[close
1949-52
May 30
[ high
Low
Total sales in $1,000 units
3 y«s,
May 20
101.1
—|
1965-70
[High
3Vis. 1946-49
May 28
■
__■!
SV4s, 1946-56
May 26
[ High
[Close
Low
♦Odd
In $1,000 units
tTransaction
sales.
lot
of
in $1,000 units
registered
bond.
NEW YORK STOCK RECORD
HIGH
LOW AND
Saturday
$
per share
71
71
71
♦112
112%
♦112
♦72
74
*72
per
share
70 %
71
112%
♦112
♦73
75
15%
*
S per
15%
15%
15%
27 %
28
26%
27%
15%
*26%
share
70%
112%
76
15%
27%
15 %
15%
15%
37%
*36%
37%
36%
36%
*28
*28%
28%
28%
28%
28%
45
45 %
45%
46
45%
46 V4
15
15
14%
♦36%
♦107
110%
♦107
♦107
112
7%
7%
7%
213%
*213%
215 Va
3%
3%
3%
50%
50%
7%
213
50
*65%
66
66
32
31%
32
♦103
106
1.7%
3%-
50%
159%
159
♦17%
30%
For
70
*112
♦72%
14%
share
70
*69
70
112'%
76
1 per share
•
15%
8.800
27
27
27
27'A
15
15'%
15
15%
4.500
28
45 Va
♦107
200
Adams-Mlllis
27%
800
Address-Mutigr
45%
46%
5,700
7%
7
49 %
50%
64%
64
64
160
163
164
18%
164
18
18
18
18
18 %
31 %
31%
31%
31
31%
*63'A
32
18%
*161
*17%
30%
32%
106
18'A
163
18
30%
215
3%
Air
6,400
170
41,900
Alaska
No
No
Vicksburg Ry_—
Juneau
Allegheny
Gold
5% %
400
$2.50
Alghny Lud Stl Corp
Alleg 61 West Ry 8 % gtd-
31%
20
18%
1,000
Allen Industries Inc.
162
162
1,900
Allied
Chemical
18
18
1.400
Allied
31
3.800
Allied Mills Co Inc
30
%
-
23
1
Par
ICO
13%
32%
22'/a
39%
98%
2
8
215
24
11
var
2
153% Mar 26
33
i
Dec
24%
May 17
Oct
I
Feb
Jun
4% Mar
28
;
75
5 Va
Jan
Apr
1
124
Jan
2
2
Mar
43
;July
100
>Dec
7% July
181
NOV
3 %
Dec
Jan
36
Dec
Jan
62
Dec
50% May 26
23Va
68% Mar
1
37
34% Mar
7
24%
Apr
29% July
70
Jan
91
104
May 28
18% May 17
165% Mar
6
9V4
141
Jan
Apr
■»
15%
157
Dec
Oct
Dec
2
20% May
3
13% Mar
16%
May 23
34% Mar
1
29
35% Mar
15% Jan
30
Dec
Jan
6% Jan
Dec
:
Jan
24
Apr
110
Dec
1~4~
19 Va
...
Jun
10%
Jan
26 Va
Jan ,22
Jun
;
10%
37% May
91
Jan
l3Va Jan
No
1
38 Va Apr 18
30% May 19
28 % Jan
par
8
8Ve Aug
49
100
No
64
6
No par
.-1
114
Jan
2
173% Jan 22
2% Jan 24
34% Jan 22
56
Feb
Nov
Apr
23
par
52%
47
28
15% May
24
64 Va
108 V3
Jan
Jan
Highest
I per share
5
Feb
28'A Apr
f per share
1944
14
May
May 19
16% May 19
Mar 26
Jan
—
Dye
par
10
Kid Co
&
70
25'A Apr
100
1
pf A with $30 war--
106 Va
*18
Min
prior conv preferred-No
31%
114
2
100'
Corp
*103 Va
9
15
9% Jan
10
Corp
Inc.
Albany & Susquehanna RR
18,400
5.400
&
—
60
22
Jan
10
Corp
Reduction
Alabama
112%
*109
50%
*104
Express
60'A Jan
lll'A Apr
Year
Lowest
I per share
71
2.50
.
37
50%
64 %
Adams
par
No par
Co
Co
45%
49%
32 Va
Steel
27%
3%
107
Acme
37
3%
32
Motors
ACF-Brill
$ per share
100
No
preferred--.-,—
37
3%
49
Abbott Laboratories
28
112%
Range Since January I
Lowest
Highest
Par
4%
600
♦36%
Range for Previous
STOCK
Abraham & Straus——
15%
15
3%
7%
700
76
*72%
YORK
EXCHANGE
Shares
112%
*112%
3%
18
per
214%
18
2463.
t
7%
18
page
the Week
214%
*104
footnotes see
gales
June 1
7%
104
J
Friday
May 31
214%
104
18
112
$ per share
STOCKS
NEW
for
Thursday
216%
7%
♦214
64%
66
32%
SALE PRICES
Wednesday
May 36
May 2.9
May 28
May 26
$
Tuesday
Monday
.
Aug
Feb
Monday, June 4, 1945
CHRONICLE
FINANCIAL
THE COMMERCIAL &
STOCK RECORD
NEW YORK
Range for Previous
sxo ctes
LOW AND HIGH SALE PRICES
Tuesday
Wednesday
Monday
Safnrday
t
May 30
May 29
May 2«
May 20
5 per
$ per sliare
per share
May 31
f per
shore
28>b
2812
28V2
287a
29 V'4
101%
share
29'/a
101%
$ per
101%
101 Vb
*99=4
a
48=8
48 V'4
121Va
121 Va
121%
26'.a
26 VB
101Vb
481
122 Va
26 V'4
26%
26
5
46
*46
114
114
5 Vb
5
46
4%
4%
4%
46 Va
"46
*
46
«114
474
117
115'
a
116'/a
30 Vb
30 Va
30 Va
30%
*30V*
60 Vb
60%
60
60
60%
59%
59 7b
60
34%
33 Vb
33%
34
33 V*
331/4
"76
77 Va
305a
33 Vb
34 Vb
18 7
43*2
44
44 Va
45
134
*132%
134
*132 Va
134
18%
*43%
1321/0
*13274
189%
-
IPs
11 la
11%
104
103 Va
104
102Tb
101 %
101%
101%
98s«
192
191%
192
191%
192
192
192
192
477a
47%
46%
48%
30%
30%
30%
117Vb
117%
*116%
~
127%
124%
xl9%
19%
19%
20
22 Vr
22
22%
116 Va
*115%
116 Va
116%
116 Va
129 Va
"128V2
129 Va
129%
130
19 %
20%
20%
20 Vb
20 Vb
22ss
23 V'4
21%
22 Va
*107 V'4
33
32 Va
33
5%
51/2
5%-
*13%
13To
13%
13%
14 Vb
35%
36 %
36 Va
36 Va
36 Va
37/8
3%
378
•
103
103
43%
43%
6%
6 Va
6%
6%
*49%
51 V»
*49Vt
51%
77%
777b
77%
77 Va
76 Va
76 Va
76
43%
~
2
6V
"49 V 4
51
Tb
43%
28
51V4
6%
6 Va
6%
49
104 Vb
437b
43%
43=4
43=4
103 Va
104
110%
27 Vb
8%
8Va
87b
85 Va
89 Va
IOV'4
10 V'4
10 Vb
10%
"9 'a
9'/4
9 Vb
9 V'4
49 %
49 Va
49%
49%
33=8
3312
33%
34%
112 Va
112 Va
x247b
24%
24 Vb
24 Vb
2414
24%
13
13
13 Vb
13'
13
10
115
"li2
24 74
24 Va
1234
12 3
12%
4
29 3 8
29 V2
141 Va
*141 Va
47%
47 Va
*47
5V
10%
9%
16%
*9%
*9%
9Va
49 Va
497b
49%
49Vb
34 Vb
*
35
34%
35%
142
47 Vb
29%
141%
471%
5 V«
73 Va
74 V'4
75
75
75%
74
74%
66%
67%
67 Va
67%
67%
67%
66'4
66 V2
14%
147 b
14%
15 "
147«
14 V4
14 Va
14%
*179 Va
182 Va
*179%
182%
*179%
182 Vb
182
19%
18%
19%
89%
89%
90
a
25 Vt
24%
24%
24%
24%
*24%
34%
35%
183/4 j
18%
19 Vb
87%
88
86 3
88%
24=8
24 3,4
24%
25
24 5
24
24 Va
24
24
181
a
19
"88%
35
34Va
35
34%
4
34 V'4
49%
49
49%
49 Va
165 V4
165
165 Va
164%
45
*158
162
"158
33
22
22 Ve
22%
49
27 Va
22
'49
*133%
136 Vb
*135 Va
32 %
32 lb
32%
32 Va
32%
167%
167%
167%
168 Va
74 V
74 V4
507s
51%
51
120 V4
*120
120V4»
11*8
11V4
6
*
11%
6V4
6 V4
35%.
34%
34VB
34 V
a
34%
44
44%
44%
45
45
32%
32 V a
32
32 Va
32 Tb
'
X108
6%
*67
70
*67
70
*68
11%
110%
6 Vb
r
109
11%
410%
11%
6V'B
70
*67
13%
137b
*110% in
6 Vb
6%
51 %
109 Va
11 V'4
.
HI
*109%
13 Va
*107 Va
■
/
*111%
158%
.16%
*120%
'
13%
.
1077b
16
51%
122
109%
13 Va
13 Vb
109 Vb
77%
771/4
50 7
122
751/8
157%
44
45
44%
32'%
32%
32%
111%
"111%
112
40%
42
413
4
42
13 7
137 a
13 7
»
137«
*4%
574
5 Vb
*5Vb
56%
56%
*56%
57
*56%
56 %
.
7%
113
118
41
*13%
118
77a
7%
8%
114 Vb
7%
7%
113
*5
114 %
114%
114 3 4
116%
116%
117%
48%
47 Va
48%
47%
137 B
13 %
13 = 4
*13Va
14
14 Vb
*116
49
49
48 3 a
13%
13%
13 = 8
34%
14%
*
14%
*14
%
2574
25%
26 %
*121
124%
*121%
123%
122
*113 Va
114 %
114%
114%
115
77b
114%
*117
14
122
115 3 4
24%
47 Tb
*46
47%
*46
267
a
27
26Vb
*122
116
46
46
*67
33
13%
5%
70
457b
40
56%
(>Vb
34%
112
*5 Vb
11%
168
35%
13%
B
13%
169 -
34%
40
*111%
51%
122
35%
112"
*46
166
45 Vb
160
33 Vb
22
—
American Safety Razor
18.50
American Seating Co
No par
Amer Ship Building Co——No par
Arner Smelting & Refg
No par
Preferred ——
100
American Snuff
—
25
6% non-cum preferred
100
Amer Steel Foundries
No par
American Stores
American Stove Co—
American Sugar Refining
Am Sumatra Tobacco.;
Amer Telep & Teleg Co
23,800
; 3,400
580
7,300
j 3,100
100
"25,900
l
200
22,400
.1 3,800
j 4,400
353h
45%
32%
133,300
—
Anaconda Copper Mining
1,600
j
100
41
41Tb
112
41%
13%
137b
I
57b
56%
|
8V«
*5%
563t
7%
114%
*113 lb
112
5Vb
57
118
118
47Vb
*13%
48Tb
14
14%
14
26Tb
20%
*122
124
117
117%
*47
50
4.100
400
1,000
(36,700
V
600
f
100
8
115
118
47%
137b
14 V*
26%
2,900
4C0
I 1,200
5
5,500
124
"
20
117%
I
420
100
50
j
*107%
108
*107%
108
93%
93%
96
95=8
96
114%
113%
113 Vb
1127b
112%
67 Va
67 Va
677«
68
68%
66%
68
*36%
37%
37%
37 Va
37%
37%
37%
37%
*37
38
79 3 4
79%
80
80
80
80
*75
80
327b
32%
111%
114
66%
32%
167b
*55 =
v.
57
4
32%
111%
33%
32%
111%
111%
17 Vb
17Va
177b
57
56 %
56%
*55%
56Vb
72
121
*118%
*21%
"4
22
X71%
13%
14
93
72Vb
121
*21%
'
•22
118
*21%
*13%
112
74
118Vb
♦
111
67 Vb
9.700
3,700
56Tb
100
73%
1.140
*118t,„ 1197b
100
*55%
73
22
*21%
14
460
22
93%
13 =
4
—.
13%
13%;
93
93
92%
93%
21
21Te
14 Vb
1,400
200
14
82
Oct
133
May
Mar
Sep
July
95% July
Apr 25
170 Vb
Jan
183Vb Nov
33 Va
Apr
Jun
1
68%
Jan
31Tb Mar
1
23
Jan
1197b Apr
27
107
Nov
May 28
108%
May 21
132
20% May 28
14
Feb
10 %
23% May 26
42% July
99%
•
15
Jan
Mar
109% Jan
15
101%
Feb
36 Va Feb
27
21V4
6
20
8
36%
37 Vb May
19
23
Jan
4 Vb Apr
17
17b
May 22
29
257b
May 25
94%
Dec
15
33
Apr
40 V2
Dec
Jan
3%
27
39% Mar
46
5
65
Mar
76%
10% Feb
8
4
Jan
5
May 29
61
Jan
93
15
3
3
2
22
30
26
27
13
Jan
7
7 Vb
9 Vb Jun
1
6 Vb
Jan
11
36% Jun
11 Vb Mar
Nov
Oct
77b Aug
79% Dec
9% July
Apr
9% Aug
Jan
46
Jan
50
Jun
1
147b
Feb
28 Tb
Dec
2
80 Vb
Jan
111%
Dec
25% Feb
7
14%
Feb
24%
Dec
14% Jan
9
8%
Jan
12% July
31
6
Feb
26
50
115
May
Mar
20
Dec
Feb
130
Oct
32
Jan
43
Dec
2
Jun
115 %
142% May 24
48% May 21
5% Apr
16
78Vb Feb
20
Feb
3'/a Aug
44%
Feb
66 %
Dec
20
40
Feb
60%
Dec
15% May
7
9
Jan
12% Aug
Mar
16
163
Jan
72
184
180
Jan
Aug
17% July
Jan
77%
6
12 V8
91% Feb
23
62 Vb
25% Apr
17
137b
Jan
18 Vb
Sep
247b May 29
13%
Feb
19%
Dec
26 Vb
Jan
37 %
Dec
19% Mar
40
Feb
15
36 Tb
49% May 28
172
Apr
6
160
43% July
Jan
Jan
165%
Dec
45%
Dec
Nov
152%
Dec
Dec
146
25
Apr
Dec
39% May
147
25
45% Mar
34 Vb
May 19
22 y4
Jun
28%
16
3
26
25
Mar
15
Jan
19% July
28%
Apr 24
167b
Jan
25%
Dec
3
29
Feb
56
Dec
12
142
7
111
Jan
132
2
56% Jan
2
2
3
27
27
22
23
11
* 2
Mar
34 Vb Mar
7
31%
26% May
6
1667b
Dec
Jun
Dec
156-
Jan
1
56%
Jan
75
July
77% May 31
577b
Jan
75
July
172
31
-
May 29
75 Vb Jun
139
158% May 31
152% July
Jan
87b
Jan
7
39%
Apr
121% Mar 15
116%
Apr
167b Mar
1
547b May
7
6V4
109% May 26
84 Vb
Jan
14
May
Dec
Jun
16% Aug
Jan
6Vb
157b
49
120 Vb July
Jan'
100 '
:'9%
Nov
Dec
Jun
1
116% Jun
1
67%
77b Feb
21
4
4
44
Feb
65
Dec
29 %
Dec
39
Dec
14
72% May
107
Jan i
2
35% May 29
24%
Jan
6
47
Mar
6
25
Jan
36% Apr
23
20
Jan
*6
13
1127b Apr
44% Apr
30
4
-2
26
15Tb Mar
6
5% Feb
14
28% Julv
-
30
26
Dec
6% July
Jan /
57
May
9%
2T'8
42
8
14 Vb
Jan
€7
8% Jan
30
47b
Apr
115% Feb
14
74%
Jan
107 Vb
Feb
2
85
Jan
119
43Vb Mar 26
11% Jan-2
497b Apr
24
35%
14 %
May
7
10
Jan
15
May 21
18
Jan 20
27
May 29
2
•.»
Jun
67b July
2
126
Dec
4% Aug
Jan
Jan
27
Mar 27
111
Apr
6% Aug
81 Va May
51
Jun
Jan
Jan
6% Feb
2
Mar
57b Mar
102'
157b
Mar
44
Jan
59
287b May 29
104%
117b
Oct
68
Dec
4% Aug
Dec
Apr
111
Dec
V'4 Dec
107
2% Mar
May 31
Aug
20%
Sep
15% Feb
Dec
27% July
115% July
131 Va Nov
Dec
Jan
46%
Jun
9Vt
Apr
Feb
12 Vb
July
8%
Jan
13%
Jun
197b
Dec
12%
Jan
124% May 23
90
Jan
113
85 Vb
Jan
113% Nov
106
Jan 12
108% Mar 23
preferred
—100
—100
—100
100
y
Jan
30
4878 Jan 22
No
76
2
36% Feb
15
247b
Jan
20
113% Jan
3
107%
Feb
114
Oct
Dec
19
58
Jan
2
74
May 31
Jan 25
119
May 18
00%
20sb
21 Vb
21%
21 Vb
7 Tb
7%
7%
7%
7%
7%
7%
86,000
Aviation Corp of Del
2&7b
2874
28%
29%
29 Vb
29 Vb
29%
28%
29%
26,600
Baldwin Loco Works v t c
87,200
Baltimore
7
11%
Jan
53 Vb
Jaai
57 Vb
Oct
52 Vb
Apr
62
Jun
120% Aug
112
May
14Tb May
10% Jan
22
15
May
7
7
2
95
Mar
24
66
23% May
7
14%
7% May 29
3%
Jan
77
Jan
5c
(The)
32% May
91
fi
14% Jan
2
_3
—
••
5'b Jan
*>4
24
Feb
Nov
-17%
18% Jan
par
Dec
Jun
55% Feb
No par
;
Dec
55
Feb
50
Jan
106 %
Jan
59 Vb
17 % Mar
60
Jan
25%
7
80
22
113
Dec
1
40% May
Apr
14% Jan
No par
Nov
83 Va
82
16
,.5
—No par
Sep
1087b
Jan
33
Feb
1
5
30% Jan
Mar
45%
Jan
53%
24
114% May 19
75
May
103 %
May 29
387b Nov
74% Jan
no
46
98% Apr
Dec
25
33% Feb
100
5% conv preferred
Atlas Tack Corp.
Austin Nichols
$5 prior A
Autocar Co.
101
-
25
1U0
7%
2,200
76% Jan 31
1
100
??%
'
Apr
8
8
12
117% May 31
7 Tb
r
126%
Jan
3
7%
'
46
4
9
5% preferred
Atlantic Coast Line RR
Atl G & W I SS Lines
5% non-cum preferred
Atlantic Refining
4% conv prei series A
Atlas Corp
_
6%
preferred
Atlas Powder—
17 Vt
19% Jun
37% Jan
Jan
Mar
900
9,000
32%
111%
17
Dec
Jan
7%
7
17
111
45
' Atch Topeka & Santa Fe
..
July
72%
Jan
"5%
—
111 Vt
687b
Dec
23 Vb
fclay 18
Jan
108
60Vb Jan 23
Jan
Jan
Jan
Apr
40
May
12% May
4VbJan
50
Mar
6% Jan
1027b Mar
45 Vb
Apr
60
48% May 29
Jan
Jan
100Vb Mar 26
5% Mar 27
29Vb
38Vb
24'/2
110 Vb
Dec
16
113
1st preferred—
^14,200
91
14 %
93
72%
*118 V'a
120
22
13%
112 Vb.
17.
*21%
*107% 108
93%
95%
96
17
*118%
*91
*75
168
16%
72
71%
71%
33 Tb
111%
'
93%
*55%
111%
16%
32=b
111%
32%
*110=8
*79
112%
*107%
'•
Jan
Jan
Mar
Mar
Jan
Jan
May
40
7% 2d preferred—.—100
' Assoc Investment Co .No par
200
93%
65%
145%
13 Vb
43%
117%
■ 8Vb
997b
■ 9
26
21
195
41% Jan 2
2% Jan 2
60% Jan 22
54% Jan 22
11% Jan 2
176
Jan 2
153/b Jan 2
75
Jan 2
18% Jan 4
17% Jan 15
32% May 22
40Vb Jan 2
164Vb Jan 3
41% Apr 9
153
Feb 9
27Vb Jan 2
Jan
74 Apr 25
110% July
31% Jan
104
Jan 3
Mar 1
65
42% Nov
Mar
135
2
17% Jan
22% Jan
46% Mar
120Vb Jan
29% Jan
157 -Jan
Dec
Jan
82
100
6%
300
108
*107%
50
Anaconda Wire & Cable
No par
' Anchor Hock Glass Corp
:_12.50 '
S4 preferred ——
No par
Anderson, Clayton & Co
1-21% '
Andes Copper Mining
;_2U •
A P W Paper Co Inc
.—5
Archer Daniels MldPd
No par
ATmout -ft Co of Illinois
—5
$6 conv prior preferred—No par
'7% preferred
100
Armstrong Cork Co_.
No par
Arnold Constable Corp
5
' Artloom "Corp
No par
Associated Dry Goods
__l
1,630
]
/l4
111%
100
American 'Tobacco
—25
' Common 'class B
--—25
-*
preferred
,—100
Amer Type Foundries Inc
10
American Viscose Corp
14
5% preferred
—100
Am Water Wks & Elec
No par
$6 1st preferred——No par
' American Woolen1
No-par
Preferred ——
100
Amer Zinc Lead & Smelt
1
$5 prior conv .preferred
25
%■
I
No par
No par
100
luo
No par
Preferred
) 2,600
70
100
25
—100
4%
28 Vb
-13% Jan
24% Jan 24
130 Vb Jan 26
No par
No par
No par
No par
No par
4%% conv preferred
9,100
1,100
•
400
'
900
f 200
1,600
171 Vb 172%
75 Tb
75 Vb
77
777b
157% 158Vb
15%
1'6
51
52
*120
121
13%
13%
*108
109 Vi
11 Va
14
MOO
116Vb
6
6V4
173%
75
16%
507
13'8
33
171%
77 Vb
16%
109%
*
75 "
157%
16 Va
*120
x32%
16
16%
a
136
*135
.
15,000
2,350
\ 1,400
2,500
1,000
9,600
) 390
s
600
*27Vb
27%
48%
487b
135% 135%
32%
33
27%
49
76
1612
8
27%
49
157
;
158
157 Va
157
172
74%
77
76
76 Va
78%
156%
22
33
168 Vb
•
74%
a
33 Va
22%
27Va
136 Va
4
33
22
49 *
137 *
*134%
74'
33%
45 Vb
*1581
33
180
»158
"27%
27 Va
48%
165
45%
45%
45 Vb
487b
27 Va
49
*27
49%
166Va
22 Vb
*3374
34
22 V'4
35%
48%
165
162
*158
33%
33 Va
•
*44%
45
162
45
*44%
25
165 V.
49%
48=8
165'4
2,500
6,000
25,900
74
Jan
Jan
Jan
77b Jan
48% Apr
26
Jan
108
Jan
21
Mar
117b Mar
Jan
21
47Vb Feb
3
112% Mar 9
13% Jan 3
18% Jan 22
106Vb Feb 5
30% Jan 24
3% Jan 2
10% Jan 3
27 Jan 3
2 Tb Jan 2
96
Jan 2
20% Jan 2
91
Mar 1
38% Jan 24
No par
No par
100
6% preferred
American News Co_
Amer Power & Light
preferred
$5 preferred
Am Rad Ac Stand San'y
Preferred
American Rolling Mill
i
90
20,000
5%
5%
74 Va
667/a
67Vb
14%
147b
*180
182 Va
18%
19
88%
89%
247a
25
24Vb
24Vt
36
37Vb
48%
48%
5%
5Vb
400
130
23,600
1 100
4,400
3,400
2,700
*
700
{■
13 Vb
27
6% Jan
July
24% Dec
Apr
2
21% Mar
21
70
9
17%
July
40% July
118
Apr
20
77%
20
687b Jan
105
22% Dec
103
Feb
61 Vb May
8
5
47
Apr
34% May 25
ju
24
Jan
Jan
Feb
32
Jan
110
Jan
49
96
No par
—JOO
No par
1
50
No par
100
-No par
American Ice
—
6%non-cum preferred
Amer Internet Corp—*
American Invest Co of 111
5% conv preferred
American Locomotive
7% preferred
Amer Mach & Fdv Co
Amer Mach & Metais
Amer Metals Co Ltd—
4,900
2,500
3,100
24Tb
47%
5 Va
*179%
6
141 Va
7312
a
4,300
8,900
1,000
1,100
6,400
1,200
20,500
f 700
'
900
2,700
i 100
2,400
32V4
48
53b
5 Vb
5%
24V4
13
29 Vb
29Vb
~
14?
*.
47%
*46
109
142
29Va
29%
29%
141%
142
116
*113
115
*113
29%
29%
141 Va
92
10%
•
3,600
i
20
92
92
93
90
'
j
;1,400
8%
8%
93
10%
10%
9%
9 Va
*49Vb
49%
35%
36Vb
*114 Vb 116
9%
8%
9 Tb
9
78
85 Va
'8 = 8
"84
125%
36
4
*108%
28%
27%
104
104
110%
27 Vb
110
110
2
26%
27Vb
26 7 a
"103
"
109 V
110
110
36%
3%
60
580
i
Jan
Jan
Mai
Feb
1
$ per share
126
11% Mar 26
89 ,2 Feb 10
183 .4 Jan 5
39 Jan 20
,
2,600
30%
14%
36
37b
4
110% llOVb
27 V»
28
103
103
x43Vb 43Vb
6Vb
6Vb
49Vb
49Vb
77%
78
14%
~
x3G
4
3%
4
6
14%
14 Vb
35=4
32
57b
*137b
32%
32%
327b
32
5%
5 Vt
5 Vb
*107Va
109
*107%
109
*107Vb
109
5 Tb
xl26
00
107
3212
580
7,500
118
—100
preferred ——'
5Tbc/o
69%
16%
x41
130
8
57b Mar
20|Jan 2
Amer Cable & Radio Corp
-—-1
American Can
-25
Preferred
100
American Car & Fdy
No par
7% non-cum preferred
100
Am Chain & Cable Inc
No par
5% conv preferred—
100
American Chicle
—
No par
American Colortype Co
.—10
American Crystal Sugar
10
% 6% 1st preferred
100
Amer Distilling Co stamped
20
American Encaustic Tiling
1
Amer European Sees
No par
American Export Lines Inc__1
Amer & Foreign Power
No par
$7 preferred
No par
$7 2d preferred A
No par
S6 preferred
No par
American Hawaiian SS Co
10
American Hide & Leather
1
6% conv preferred
50
American Home Products
1
7,500
*
1,000
30%
"115',2
*
22,300
108
30 Va
"128
107
44%
30%
30 Va
23 3 a
'
—
1,700
>'700
I ' 30
133
106 Vb
30%
227«
f
\
8
29 Vb May
42/a Jan 24
American Airlines (new;.
^5
American Bans Note-—
-10
6% preferred
50
American Bosch Corp—:
—--1
Am Brake Shoe Co
No par
8
125 Va May
^Tb Jan 6
43 a May 14
107,2 Jan 2
28 Jan -4
--1
Amalgam Leather Co Inc
49% May
Jan 19
23
14 %
96 Vb
33 Vs
May 31
30
Highest
$ per share
1027b Mar 26
*00 A20
38 /g Jan 2
113 ,a Jan 2
6 %conv preferred—
-—50
Amerada Petroleum Corp—.No par
Amer Agricultural Chemical-No par
600
1067b
30=8
19 %
107
i/)7
107
•-
1,000
3,200
4,900
30Va
591/4
34
771/2
18%
107 Va
107
107
107
48 Va
46%
46 V*
46
•
2,600
300
5
45 Va
11%
I1V2
100Tb 100%
*191% 192
46%
47
11%
11%
11%
11%
11%
*76
191/4
447/r-'44%
45 Vb
45 Vb
133 Vb
77%
18%
1.200
115
30%
58Tb
33%
30%
*76
19%'
19 Vb
19 Vb
8
77%
*76
77 Va
*76
19%
191'8
115 V
1.400
45 Va
46
30%
114
114
26%
No par
:1°°
No par
i
100
No par
1944
Lowest
$ per share
««!/%* "of
20 A. Jan 24
-Par
•
Allied Stores Corp
5% preferred
Allis-Chalmers Mfg _
4% conv preferred.
Alpha Portland Cem__
^B.200
26Tb
51:/a
.
48
49 Vb
122V'a
487b
26%
ail
-
'200
-
122Vb
49%
26%
29%
*100Vt 102
123
122
122 Va
122%
26
29%
30
102
49
49 V4
49
49
29%
*101
lowest
EXCHANGE
Shares
11.100
$ per share
share
Year
Kanse Sinco January t
Highest
NEW YORK STOCK
Salts for
the Week
Friday
June 1
Thursday
2
20
Dec
Jan
>
13% May
Apr
84 V4 May
Dec
157b Nov
6
Dec
B
29
21%#
21'b
217b
22=b
21%
24
35%
36 %
36
37%
35%
36%
36
37%
17%
17%
17%
18
18%
17%
18 Vb
17%
18%
75,4
7574
75=4
7<;
76
76
75%
75 Vb
74%
75
42%
43%
42 Tb
427b
42%
42%
42
42 Vb
41 Vb
42
21
/
v
36
17%
•
217 b
35%
/
30
*52%
537b
,22%
26
1
*29
53%
22 Vb
20 V b
*39%
■
29%
*52%
.
39"i>
:Z,-4
29
43%
4e%
■r*1067b
108
11%
11
41
•39%
43%
-
43%
29
53'b
23
20%
39%
*39
—
29%
22%
20 Vb
20
:
29%
*52=4
23
22
.
43%
—
*
—
124
For
29
Barker Brothers
2.100
5% %
53
21%
22
20%
207b
20%
40
39
397b
1.000
Bavuk
45
44
44
1,300.
Beatrice
44
3,200
Beech
Vb
207 b
;
6.900
'•
3.000
Barnsdall
Bath
Oil
Iron
—No
Works
26%
Dec
24
Jun
1
5%
Jan
13%
Dec
31
37% Jun
1
9%
Jan
'23%
Dec
12% Jan
24
18% Jun
1
9 Vb
77% May
9
66
10
Mar 27
30% Jan
2
31
Corp
par
17% Jan
3
50 Vb Jan
9
54
Apr
30
16% Jan
2
25
Feb
18% Jan
22
22=b Mar
32 Vb Jan
19
40
,_l
'Inc_L
par
25
36
par
107
Jan
23
44
May 24
110
'
*1067b
108
10%
11
*39%
70=8
40
*38%
■
*106%
■
10%
*121
footnotes see
124 -
''
page 2463.
"Zrz
124
10%
40
124
—
"
__
*38%
123
108
10%
41 Va
123
*106%
10%
$4.25
101?
10%
preferred—,
Aircraft
Corp
No
l
,
*39
125
Beech
41
*122
300
Creek
RR_
Beech-Nut Packing Co
9% Apr 25
50
36
20
114
Mar 17
-
Jan
20
40
7
Apr
11
2
18v
May 29
14%
Dec
Jan
68 Vb
Dec
Apr
23%
Dec
Jan
14%
Sep
18
July
~
.
—
May 29
14% Jan
124
Jan
12
4
-May 31
Jan
■t
21%
28
May
Apr
60
44% May 16
5
Creamery
18
19
50
Co
Cigars
30 Tb Feb
22
19 % Jan
100
preferred—
*52%
22
11% Jan
50
preferred
Barber Asphalt Corp
25 Vb Jan
100
5%
22%
39 3 4
'
*121
Conv
3,300
•
13
100
!
Ohio
Aroostook
&
53 Va
*44
108
Bangor
21 %
39 Vb
*106%
29
2,900
320
.
&
preferred
*52%
20'b
X38%
29
4%
26.300
•
14% Aug
25%
31
105 Vb
7%
19%
Dec
Feb
34% Nov
Jan
38
Jun
111
Jun
31;. Jan
111%
18% Mar
Jun
14%
Dec
Oct;
Dec:
_38
Dec
121
Nov
161
Volume
Number 4391
THE COMMERCIAL & FINANCIAL
CHRONICLE
NEW YORK STOCK
LOW
Saturday
May 20
AND
Monday
Tuesday
May 29
May 28
$ per share
$
per
HIGH
share
14%
14%
15
*14%
16 %
17
16%
17
16%
STOCKS
Thursday
May 81
May 30
15
,
$ per share
J per share
*14%
16%'
16%
14%
Friday
Sales
June 1
$ per
15
for
share
16
2.300
16 %
16%
16%
52%
14,700
52
52%
51%
24%
25
52%
5.100
Bendix
24%
24% *
24%
24%
1,900
Beneficial
56
56
56
51 %
51%
24%
25
55 %
*55%
24%
24%
24%
24%
24 %
24%
24%
19'A
19 %
24%
19%
19%
24%
24%
19%,
19%
20
20
20%
9,300
77%
78%
79
145
,
*26%
14%
21%
*26
14%
21%
22%
*22%
*110%
*55%
79%
22%
145
X143
143
*60
61
*60
61
59%
59%
26%
26%
57%
97%
97
98
*97%
98
57%
58
56%
56%
134
136
21%
57%
1,100
58
97%
97%
98
98
*56%
*57%
58
58
58
57%
x57
57%
57%
57%
136
136
*135
138
r
38%
38%
38%
38%
38%
42%
42 y8
38%
42%
42%
43%
6%
42%
6%
6%
7 %
7%
48%
48%
48%
49
49
*50%
21%
22%
21%
21%
51%
*50%
*47%
21%
51%
*50%
49
*48
22%
22%
*50%
51%
22%
,51%
*50%
7%
12%
12%
12%
12%
12%
12%
43%
12%
43%
44%
43%
44%
44
44%
44 %
44%
44%
*43
55
43%
*53%
*42%
43%
54%
54%
55
55
55
*53%
55
29%
29%
29%
29%
29%
29%
*52%
54%
*27%
27%
15%
*51%
27%
15%
*124
125
14
15'%
*124
14%
83%
26%
25
84
83%
16%
26%
25
16%
53
53
53
27%
27%
27%
15%
15%
125
14%
*124
14%
14%
85
Xl6%
84%
16%
*42%
X27%
15%
15%
124%
*124
27%
15%
125
29%
*51
No
Borden
Borg-Warner
Co
Braniff
13%
14%
84%
83%
84
83%
84%
16%
16%
16%
16%
16%
5,100
Budd
27
27
27%
27%
1,400
Buffalo
24 %
24%
24 %
24%
2,600
Bullard
4,000
Bulova
59 %
59%
62 %
62%
64
24%
23%
24%
23%
25%
*110
110%
*110
110%
*110
110%
*110
110 %
17%
17%
17%
17
17%
17
8%
8%
8%
17%
8%
13,900
8%
*80
80%
81
%
81%
*64%
65%
65%
66%
18%
18%
18%
19
108
*8?0
82
*80
66%
67
66
19
19
10*7%
108
3%
3%
3%
3%
18%
108
108
8 %
82
80
80%
66%
19
18%
108%
3%
%
19
Jan
Jan
45
23% May 19
12%
Jan
21% Aug
40%
Feb
3%
47
Jan
15
Apr
12
Apr
30
Jan
12% July
27
Jan
44% Aug
47
8%
2,300
Butte
18%
18%
18%
18%
17%
18
2,300
96
95%
95%
95%
96
290
39
Jan
55% Apr 24
32% May 7
40%
Jan
53%
14%
Jan
Jan
2
53
39%
Jan
22% July
49 % Dec
17%
Jan
25%
Dec
8%
Jan
14
Dec
Jan
129
Dec
Jan
22
Jan
2
74% Jan
2
10%
par
10
par
Jan
Feb
20
May 29
29% Apr
16% Apr
12% Mar 27
125
24
24
Jan
116
.5
14% May 29
80% May 9
Xl6% May 28
2
Jan
7%
Apr
11%
Jun
Jan
22%
Dec
Sep
May
20%
Deo
49%
Dec
3
25% May 19
16%
par
47% Jail
24
64
31
20% Apr
100
*25%
26
26%
26%
26%
26%
2 6 >4
26%
*26%
26 %
1,100
32%
33
32%
33%
32%
33 %
32%
33
32'%
32%
2,100
California
55
55
55
Copper
Zlnc__
&
l
25% Juii
111% Jan
30
13% Jan
2
18%
7% Mar 28
78
Feb
14% Jan
Dec
15%
Jun
Jan
9%
Dec
7
54
Jan
83
3
43%
Apr
70»
Dec
19% May
9
8%
Jan
15%
Dec
3%
July
83
6
3% Jan
111~%
4
12%
72% Jan
26
106% May 11
—5
No par
-100
No par
Apr
Jan
3
107
May 17
9% Jan
59'A Mar 27
100
12% July
77% Dec
1
Mar 27
110
17
19
6
Oct
47%
22
Jun
July
Jan
18% Jan
27% Feb
50
5%
22% Jan
No par
Byers Co (A M)
Participating preferred
Byron Jackson Co
Oct
2
23% Jan 25
—10
95%
53
Jan
120
*
.—100
Bldg 7% preferred—100
18%
Oct
45
preferred
95%
7% July
13
% Mar 27
49% Jan 17
—1
17%
Dec
41% July
21
par
—_
,
44% May 29
par
Terminal
Oct
34%
v
51
40
—1
preferred
Jan
10% Mar 27
No
Watch
4%%
9
34 %
8
37% Mar 27
-100
No
Mar
May 29
1
95%
3%
17%
par
No
18
95%
3%
37%
—No
95%
*17%
1
Butler Bros—
1,000
117
136
No
Bush Term
4,000
108%
Sep
109% May
28% Jan
8
—No
6%
40
650
Sep
48
Jim
5
Wheel
Bush
4,900
65%
*65
108
3%
3%
8%
55%
Jan
Mar
No par
Mills Corp—
5% preferred
Burroughs Adding Mach
200
17%
Jan
33%
88%
'
8
—15
Burlington
21,800
98
46%
12
x50
.2.50
Co
23%
Apr
May 29
5
Forge Co
25'%
Apr
58
57% May 29
24
5
No par
27
Dec
99
42% Jan
(assented)-190
$5 preferred
16%
Jun
44% May
5
26
52%
38% May 28
Co
25
Jan
5
Co
27
19% Nov
45
8
Jun
2
Airways Inc_.
25%
Oct.
12%
36% Apr
5% Apr
Bearing Co
preferred
Budd (E G) Mfg—-2—-
1,510
Dec
109
33%> Jan
7%
33,100
Dec
93% Mar
5
;
RR
Bucyrus-Erie
14%
Dec
20
3
Bristol-Myers
14
15
22%
Jan
100
14-%
Dec
—la
Corp
Bruns-Balke-Collender
59%
114
100
—;
Brewing Corp. of America
18,400
19
3
43% Mar 27
Bridgeport Brass Co
No par
Brlggs Manufacturing—.—No par
Briggs & Stratton
No par
14,700
Feb
52% Apr
1
(The)—;
Maine
&
Bower Roller
50
59
95
par
61% Mar
20% July
66% July
130
14% Mar
16
May 29
111
May 5
22% May 25
2
4,400
124
23%
3%
49% Jan
Brown Shoe Co—
23%
108
5
10,0
1,400
58%
*3%
preferred
25
8%
X108% Mar 26
——No par
26%
17
,.100
Brass
15%
15%
7
23 %
24
27%
27
123%
14
Inc——
6,400
6,900
15% Feb
33"a Mar
17 % Apr
class A
Stores
Boston
22
5
54%
%
58%
*107%
Ami Co
20 Tii Jim
20'% Jan 26
18% Jan 23
par
-
Brooklyn Union Gas.
23%
110
17
Jan
4,500
58
*8%
Jan
*
No par
___5
29%
23
110
7%
No
200
44%
29%
Jan
Co—
5,100
51%
12%
42%
53
131
Aug
4 % 7c.
300
200
12%
29%
25 %
Class
14,200
42%
*51%
51% Oct
Jan
Bond
•
8
12%
*53%
'
'
42%
*42%
Feb
16%
Bon
3,100
V
43%
7%
■
38%
42%
6%
22%
37%
27% Mar
Bohn Aluminum ft
170
i
38%
48%
61% May
2
Boeing Airplane Co
70
58
42%
22%
23
Jan
Blaw-Knox
23,800
53
136
1.200
21%
38%
*47
Jan
23
113
97%
6%
48
No par
*110%
58
*
No par
Black & Decker Mfg Co
400
Bloomingdale Brothers
Blumeuthal 8s Co preferred
58
42
Feb
Bliss & Laughlin I no
58
*38%
Jan
570
57%
55%
Jan
56%
115%
400
56%
57%
15%
81% May
4,200
21?
23% May in
145% May
23
113
Jan
2
14%
20%
Dec
56%
2
22 %
'110%
20%
Nov
22
14%
22
Jan
53%
May
May
x26% May
Jan
22%
113
Dec
17
56
Jan
*21%
21%
July
15%' Jan
49%
Jan
23%
*23
Apr
Jan
17
21%
23%
10%
33%
25
65
21%
22 %
23
2
127
26%
22%
13
1
14%
23
Highest
S per share
Jan
No par
100
1%
26%
22%
10%
Steel (Del)
preferred
Bigelow-Sanf Carp Inc—
Bethlehem
14%
113
134
8
Poods
l
18% May 16
12
54% Fob
Jim
t per share
55% Mar
6
19% Jan
No
15
*110%
54%
12% May
47% Jan
Loan—
26%
22%
57%
l
16
1944
Lowest
S per share
15
8
Best
400
•
12% Jan
par
Indus
14%
22%
134
143
Corp
Aviation
26-%
21%
54%
143
No par
15
22%
*56%
79
145
21%
*124
79 %
143%
*110%
113
78%
200
59%
26%
58
26%
14%
56
79 %
80%
143 %
58
*55%
Aircraft
$ per share
Pr pfd $2.50 div series '38_No par
Best & Co
1_.
—„1
18,900
79%
Bell
1,400
19%
*57
-•v
Belding-Hemlnway
51 %
51%
.24%
Year
Lowest
Par
55%
56
Range Since January 1
Highest
EXCHANGE
Shares
24%
•
Range for Previous
NEW YORK STOCK
the Week
50%
*142%
RECORD
PRICES
Wednesday
$ per share
14%
SALE
245.4
May
109
Mar
4 %
2
Doc
7
~2%
15
Jan
22
,20% Mar
6
12%
Apr
Apr
17%
Dec
92
Jan
22
101 % Feb
28
67%
Jan
96
Dec
20
Apr
25
Sep
Fel) 23
22% Mar 26
26% May 29
27% Jan
C
*54
.
•'54
55
1%
1%
1%
1%
1%
6%
6%
6%
6%
6%
*54
1%
7
*23%
24
X23%
24
24 %
35 %
34%
35
35'%
114%
*114%
114%
114%
55
5%
20
115
1%
i'%
7,500
Callahan
6%
6%
6%
9,500
Calumet
24 %
24 %
24%
24%
900
35%
*
1 %
x6%
35%
114%
*54
1 %
24%
35
55
35%
35%
35'%
3,800
'114'A
115
*114 %
115
50
50%
51
*50 %
51%
*50%
51%
*50%
13%
14%
14
14%
14%
14%
14%
15'A
15%
17
50
50
50
50%
50%
50%
50%
50%
51%
13%
1,300
*12%
13%
54%
*53
13%
*53
*129
130
*37
38
*37
27%
13%
13%
54%
*129
*53%
13%
*13%
55
*53%
13%
55
*129
38%
130
129
38
*37
38
37%
28%
28%
28%
28%
28%
70%
71%
71%
71%
6%
71%
6%
71%
6%
42%*167%
28%
70%
6%
*6%
6%
6%
6 %
42%
43%
43
43%
43
43%
*167%
168%
*167
168%
167
168'%
42%
169
60
49 %
59%
49%
49%
49%
49%
*105%
106%
105%
105%
106%
*143%
144%
143%
143%
*143%
17%
17%
17%
17
17%
20%
23%,
59%
17
59%
60% "60%
49%
60 %
48%
61%
49
28%
28%
*70
107
110
144
143%
143%
Capital
141
142
$4.75
80
17'A
16%
17%
1%
20 %
20%
20'%
20%
20%
480
23%
23
23%
7.100
5'/a
23%
5%
23%
5%
*5%
5%
*112%
113%
112%
*112%
112%
*112%
13%
31%
14
14%
14
16%
16%
17%
30%
30%
30%
30%
29%
30%
16%
18
29%
13%
*13%
34
34%
34%
34%
34%
34%
34%
34%
11%
11%
11
11%
10%
11
10%
10%
*154
154%
154%
100
*23%
23%
34%
34%
113%
113%
113
57%
57
154
153
154%
58
*23
23%
35%
35
113
113%
60%
61
154
24
*■22%
35%
16
15%
15%
15%
53%
53%
7%
7%
7%
7%
19
8
36
114
60
59%
59%
16%
16%
16%
52
52%
,
8%
8%
9%
34,200
20%
20%
22%
45,000
10%
29,500
19%
20%
9%
9%
10%
10
10%
9%
29
29%
29 %
30%
30%
30%
30
30%
29%
31
37
37%
37%
38%
38%
38%
37%
38%
37%
39%
67%
18%
18%
18%
9%
19
9%
10
1,600
67%
67%
68
67%
68%
67%
68%
67%
68%
23%
24%
24%
24%
24%
24%
24%
24%
26%
26%
26%
26%
26%
26
26 %
1,600
*51
52
*50%
51%
50%
50'%
51%
51%
*55%
56%
56%
56%
56%
*55%
56%
55%
55%
*17%
17%
18
18
18%
18%
18%
18%
19
19
1,600
17%
17%
17%
17%
18
17%
18
400
50%
*55%
7%
7%
*35
7%
36
113
*17%
7%
8%
*35
36
*35
113%
113%
51
115%
115%
18
7%
36
117%
*17%
7
*35
115%
7%
7%
7
*35
36
117%
900
40
17,300
116%
115
47%
48
47%
48%
48%
48%
48%
48%
21%
21%
21%
21%
214*
21%
21%
2,400
*40%
40%
*40%
40%
40%
41
41
41%
41%
42
104
*102
*102
104
13
13
*56%
13%
13
57%
*102
104
*102
57%
13
13%
57%
58
58
13%
*56%
104
104
*102
13%
58
%
440
13%
13%
56
57
*
700
O. O. C.
111
140
900
Clev Graph
110
*108%
100%
*98%
60
39%
39%
43%
*149%
132
39%
43%
151
64%
100%
*57
*64%
44
35%
35%
102%
102%
*57%
39%
43%
39%
43%
151
130
131
*64%
65%
65
65
65
42%
43%
110%
110%
26%
27%
36
36
36%
34%
34%
34%
35%
31%
32%
32%
32%
39%
39%
43%
.
43%
155«
4,500
3,000
132%
1,700
64%
64%
2463.
35%
35%
35%
35'%
1,900
102%
103%
103%
103%
380
44%
110%
110%
27
26%
27
26%
36
37
36%
37 V*
36%
34%
*32 '
43%
35
33%
35
32%
32
32
'
44 %
44
43%
112
115% Feb 23
107
Jan
Apr
15
Apr
28% Nov
Jun
9
7%
Jan
12%
Deo
23
30%
Feb
37%
Jan
8
May 19
155
Mar 28
4%
Apr
9
Jun
25
Jan
36
Jan
Mar
7
May 31
115% Jan 20
3
Mar 13
Jan
3
61
May 28
57
May
134
Nov
17%
Apr
23
Dec
23
Jan
31%
Deo
108
Jan
27%
Jan
—No par
preferred——
gtd
Preferred
Class
A
No par
16% Jun
1
11
Feb
14%
Deo
2
44
Apr
50%
Deo
9% Jun
1
6%
Sep
9% Mar
11%
Jan
18% Mar
4%
22% Jun
1
Jan 22
10'/a Jun
1
Jan
7% Mar
Jan 22
31
Jun
1
18
Jan
25% Mar
Jan 22
39% Jun
1
21%
30% Nov
89% Anr
21%
22
Jan
Jan
4
4
15%
Feb
16 Vs
Jan
21% July
38% Jan
49% Nov
47
Jan
19
3
3
43%
64% Apr 10
68% Apr 18
2
28
24% May 29
22
Jan
Apr
Sep
27% Mar
22
Jan
Jan
(The)
13
Jan
Jun
7
1
,
34% Jan
117% May 29
130
24
40%
Feb
15
14%
Jan
18
25% Nov
103% Feb
13
96
13% May 18
60
Mar
186
Apr
1
19
105
May 15
114% Feb 27
54% May 14
110% Apr
16
Apr 12
99
65% July
57
Deo
Nov
19% July
17 v8
30
6%
98%
50!
Jun
Oct
July
a
Jun
July
25% July
31%
Dec
NOV
96%
Oct
6%
Jan
18%
Jan
35%
Feb
51
Dec
Jnn
185
Jun
90
Jun
148
78
Jan
110
Nov
37% Apr
115%
Jan
45% Jun
106
Mar
109
Jan
92
Jun
96
Aug
57% Apr 30
40% Mar 6
52% Mar
53%
30% May
38% Mar
44 % Anr
2
5
Apr
9
May 31
62% Jan
Feb
43% Jan
2
>
77%
May
50% Apr
23% Jan
2
35% Jan
140
No par
18% Feb 23
44
Jan 22
107% Jan 24
93% Jan
3
53% Jan 17
-100
—
-
Jan
#109% Jan
——No par
——
..
Co
—100
50
——50
No par
114% July
48% July
54% Mar
5
Mar 27
Mar 26
42% Jan
Bronze Co (The)——1
Sep
Mar
8%
20%
20% Jan
2
31
Jan
2
98
Jan
2
9% Jan 27
49
Jan
2
170
Feb 20
89
Jan 26
IOO
July
4% July
114
1
91% Jan 24
par
Jun
34%
39 Vg July
-
65
2
Apr
Oct
May 31
151
141
27
145
Feb
152
May
111
Feb
146 Va July
Jan
5
22
59% July
67%
1
23%
33%
July
Jun
Coca-Cola International Corp No par
35%
27
19% July
23
Jan
—
103%
*43
Jan
Nov
2%
Deo
15%
18
16
—100
—•
Ilium 14.50 pfd
Coca-Cola
330
"1000
35%
*110%
Jan
Jnn
31% May 26
15% Jan
No par
100
5
No par
Special gtd 4%stock
Climax Molybdenum
Oluett Peabody & Co
10
130%
*1000
preferred
Clev & Pitts RR Co 7%
:
*102%
36%
103
page
60
5%
50
100%
*150
151
131%
108%
*98%
*57%
59
151
26
36
*107
110
100%
130%
43
see
44%
*98%
*149%
112
footnotes
39%
*107
151
26
For
60
*1000
35%
*42%
39%
40%
>1000
102%
*110%
108%
*98%
132
132
65
*1000
108%
43%
43
*149%
132
109
100%
60
*57
No
Louis Ry. Co
& St.
5%
*57
129% Nov
40%
Mar 26
54
—No par
C I T Financial Corp
City Ice ft Fuel—
City'Investing Co-——
Clev El
*98%
Jan
24
103
*108%
106
18
200
53%
Jun
Apr 13
49
——10
July
Apr
96%
19
6 % Feb
15% Jan
5%
24
25'A
54%
19%
19%
54
Oct
31%
19
*100
52%
No par
-100
5
—5
—25
129
21%
28%
xlll%
41
14%
47%
6%
'
Deo
17
24 % Jan
Jan
Mar
8% Feb
*190
52%
5
39
152 %
j
36% Jan
200
53%
5
2
16
Deo
Deo
11
18% May
20% May
Jan
22%
65
113
Apr
Jan
Api*
Deo
33
Apr
143% July
44% Jan
2
103
*52
2
Dec
Dec
33%
5%
2
*190
111
Jan
54%
119
Dec
Jan
4% Jan
*100
53
14%
18%
20%
4%
109%
10%
4
29% Jan
196
111
146
Oct
56% Nov
--—No par
Co—
103
X53
2
18%
Feb
14% May
1% Jan
*190
*110%
Jan
-100
Oil
Cotton
*100
53%
127
8
104
111
52% Apr 25
107% Feb
Jan
196
53%
47% Jfm 22
prior preferred
*100
111
8'
171
3
14% May
*186
111
44% May
1
7
19
11% May
196
111
Jan
May
May
7% Feb
38% Feb
104
111
30
74
2
2
*100
52%
22
Jan
Jan
*186
*110%
Jun
Jan 24
preferred——
City Stores
Clark Equipment
—
2,900
27%
35% Jan 26
1
5%%
"
Jan
Copper Co.
29
ChrvslpCorp——--————8
4.700
21%
Jan
97
10% Jan 22
tChilds
18,100
48
21%
43%
152
Chile
21%
1
55% Mar
130% May 2
37% May 25
33
7
Chlckasha
36
47%
20
Jan
5% Jan
50
preferred
—50
Chicago & Northwest'n w i—No par
5% preferred wl
100
Chicago Mall Order Co
5
Chicago Pneumat Tool——No par
$3 conv preferred
No par
Pr pf ($2.50) cum div
No par
Chicago Yellow Cab—-—-No par
4,400
25%
15% Feb
21
6%
7,000
23%
26%
5
51% July
11% Deo
X61% Jnn 15
Chicago Great West RR Co
8,800
22%
12% July
Apr
37% Jan 15
104% May 15
Chic & East IU RR Co.*—No par
Class A——.
—40
14,700
*25%
Jan
25
preferred
Checker Cab Mfg—
Chesapeake Corp of Va
Chesapeake & Ohio Ry
18,800
8%
47%
8%
42%
6%
52
Mar 26
116% Jan
2
32
Mar 26
100
6%
1,200
52%
Jan
1
19
24
No par
Champion Pap ft Fib Co
1,800
110
16%
60
53%
7%
35%
*113'/*
X51%
16
53 %
36
113
33%
Jun
No par
8 %
Feb
11
A—1
Chain Belt Co—*————No par
23%
*22%
36
61
53%
23%
113
113
53%
*15%
*153
154
23%
21% July
35% Dec
Feb
Apr
May 7
61% May 31
Products-
Jan
17
No par
Certain-teed
15'A
52
53 V
4
No par
No par
100
No par
Corp——
NOV
2
Jan
Cerro de Pasco Copper—
13.300
14
24% May 5
38% Apr 28
118'% Mar 17
6
48% Jan
par
100
1st preferred
24%
18
•
Century Ribbon Mills-
4,800
11%
8
Apr
10% Jan 23
—25
JCent RR of New Jersey
100
xl3%
34%
24
47
Central Vloleta Sugar Co
1,400
Jan
113% Feb
20
No par
Foundry Co—
1
Central 111 Lt 4%% preferred—100
30,200
29%
Mar 26
31
central
20
11%
34
Dec
20
5% preferred —;
Central Agulrre Assoc
1,500
113
34
*22%
7%
Co
2d preferred
Celotex
3,600
5%
*153
(J I)
Celanese Corp of Amer
23%
14
May
10
Ry—-100
Caterpillar Tractor——
300
20%
*13%
23
Preferred
7,600
5%
112%
14
Feb
1
3,500
23%
*13%
9
—50
61%
20%
14
Jun
4
—
49%
5%
*13%
1%
6% Apr
5
5
—10
Case
20%
13
57
Jan
preferred
•.MM
23%
31
Feb
%
Co
4,600
110
113
53%
23
Carriers <fe General Corp
*107
113
Steel
Corp
Carpenter
700
169
60'%
17
Feb
class
Ohio
1,400
43
42'%
*167
Apr
2
No
6'%
5%
23%
Administration
Carrier
56
2
No par
;—5
No par
-100
—
$3 preferred A
Clinch &
5,900
30% July
20
'A Jan
—25
71%
*6%
5%
*20%
Mills
Carolina
100
Jan
Jan
1
par
Pacific Ry
Cannon
u
34
53
——1
Hecla Cons Copper
&
Canadian
10
37%
48%
107%
17
55
130
*129
28
*70
13%
*53%
129
*37
130
100
190,200
3
—50
.
3,000
51'%
—-No
Zinc-Lead
Campbell W & O Fdy
Canada Dry Ginger Ale
$4.25 preferred
Canada Southern Ry Co
40
50
*49%
Packing
preferred
:
2,800
Colgate-Palmolive-Peet
$4.25 preferred
-
6%
eonv
preferred—3.
60
26%
2,800
Colo Fuel ft Iron
38%
1,600
Colorado
34%
35%
32
32
8s
Corp*
Southern
A%
2,730
440
No par
Collins & Aikman
110%
110%
*
No par
No par
non-cum
1st
i%
non-cum
2nd
100
No par
—100
preferred—100
preferred—_IOO
31% Feb
2
102% May 24
34% Jan
2
28% Jan
25% Jan
44 %
19
May 31
103% Mar
25%
Deo
106% Jun
Apr
38
Feb
116
Sep
Deo
Jan
9
109%
6
14%
Apr
26%
Deo
23
38% Jun
1
11%
Jan
29%
Deo
2
35% Jan
11
12%
Jan
30
Deo
2
33'
Jan
11
13
Jan
27 % Deo
1
23% Jan 23
Jan
36% May
108% Feb
29% Mar
110% Jun
28
s
Jan
115
RECORD
NEW YORK STOCK
AND
LOW
flrtnrday
May 26
Tuesday
May 28
.
May 29
$
I per share
$
per share
37%
*37
37%
38
37%
373/4
38 Va
V
6%
102
97
97
229/a
*49%
44 3/ a
44%
44%
*105%
107%
173/4
173/a
17%
30%
32%
*32
500
2,700
*106
107%
1013/4
33
35%
35%
35%
35%
104%
104%
104%
4 '/a
4
4'/a
30
30 Va
30
30%
109
108%
109 %
108%
5
5
5
4%
4%
29%
29%
30%
12
12 %
12
12
363/4
,363/4
36
21%
;:22%
21%
34%
30%
1,700
'
108
108
$5
600
30
30%
30 3/8
30%
11 %
11%
113/4
11%
37
36%
30%
36%
21%
21%
21
%
,21%
2,400
215/a
21%
21%
2,200
Consol
233/,
23 %
.i.23%
4,000
Consolidation Coal
*53%
533/8
*53 Va
53 Va
*53 Va
53%
*53 Va
53%
*53 Va
111%
1103/4
29%
30 3/a
30 %
9%
111
10 Va
9%
111
29
29
29%
29%
10
10
10
10
*108
110%
*108
110%
*1C8%
46%
47
108
108
108
*108 Va
1103/8
12
12 Va
12
12%
3,100
Continental
543/8
53%
54
1,300
XlOVa
11%
12%
x!2
54
54%
533/4
54%
*54
10%
10%
10%
11
10%
10 3/4
Continental
of
33%
34%
33%
34
x32%
33%
8,800
Continental
33%
33%
33%
33%
33%
*32%
33%
1,400
*19%
20
193/4
19%
20
20%
*19%
20 %
20
20
600
*50%
51
51
51
51
51'
51
51
52
200
16
16%
16%
*513/8
16%
*51%
X16%
16%
*50%
51%
*51
*
18%
19%
18%
19 Va
19
19%
X18%
57%
57
57%
57
57 Va
*57 Va
573/i
33%
32%
33%
66%
67
194 Va
663/8
*193
33%
193
**1C4
67%
*193
3/s
8%
43%
4%
33%
33%
333/8
107%
1073/4
106%
107 Va
27® s
27%
*27®/a
273/4
37
8%
8%
4%
;
5
VZ'
38
38%
45%
453/,
*48%
24;V4
24%
33 %
3374
33'/a
33%
920
1043/4
*104%
105'A
230
193
67
67
193
194
8%
8%
8%
8%
8,400
Coty
5
43/4
4%
5,100
Coty
33%
34%
13,300
106 3A
273/4
105 Va
5%
710
27%
105
106
700
38 Va
38'A
38'/a
7,200
CrosJey
45%
46 Va
*45%
45%
2,100
Crown
48%
*48%
48'/a
25. Va
24%
25'A
103
25
25
8
103%
-103%
103%
103'A
103%
103%
103%
103%
460
43%
44%
44%
44%
44%
44 Vb
44%
44%
44%
6,100
95%
•95%
96%
95%
96%
95 Va
96
96
96%
2,000
5%
28 Va
283/4
283/4
273/4
28%
273/4
273A
273A
27 3A
410
Cuba
19 Va
19%
193/8
19
19'A
18%
19 Va
18 3/8
18%
28
-
Va
19
150
*145%
150
*145%
*29%
29%
29%
30
30%
30%
*32
32%
32%
32%
32%
33%
107%
38%
*105%
107%
105%
107%
36%
36%
*145%
*105%
*36%
12%
12%
65
5%
128
*123
29%
10%
33%
*104 %
107%
_
"
*35
123/4
12%
/
66
*120
128
29%
29%
19%
20
193/4
20
128
x29
*43
*118
29%
16%
16%
16%
*15%
16%
25%
25%
25%
*25%
18%
18%
4,
44%
443A
*43
25
49
11%
"
183%
18%
*112
*43
1
113'/a
/ 43%
3,200
—
43%
43%
45%
45%
46
38'A
38%
*37%
38'A
*37%
38%
200
24%
24%
24 %
24'A
*24
24Va
100
493A
49%
50'A
49%
503/g
12%
13 Va
13
14%
13%
14%
133A
50%
15%
22%
A:
22%
22%
22%
22'%
223/4
22Va
22"%
12
22%
&
373/4
22%
72
'
43%
*24
*43
43Va
44 Va
44Va
45'A
100
,
45
49%
-
42%
43
43
44
44
44
44
44 %
800
*36
36%
36
36%
36%
36%
36'A
36%
36%
363A
900
*42
*42%
/
*673A
72
*67%
72
__•_
43
43%
43%
*42%
44%
44'/a
44Va
400
24%
24%
25%
25 Va
25
25%
24Va
253A
24%
53%
24%
53%
1,100
533/4
53%
53%
53%
53 Va
54%
53%
54'
1.800
*105
105%
25%
*105
26
*48
23 V,
23%
24%
24%
80
*113
/
Z
80%
1 135 /
*: 113 V,
28%
16
24%
25%
79%
27%
48
48
23%
23%
>
Z ' 24%
803/4
135
.
*113%
>
105 Va
27
23%
135
28%
15%
48%
*105
27'A
48%
23%
V :
t
135
105%
26'A
48%
v
113%
28%
44
25%
79%
138
.
*113%
28%
28%
80 Va
138
114
-
28%
*
15%
15%
153/4
15%
*23 /
23%
23%
23%
'23%
23%
168%
168%
168%
170 V
.
r
*126%
127%
127
127%
116
115%
116
116%
16%
16%
59%
59%
:23%
23%
*178
V
116%
105
100
5%
26%
4,100
Dixie
47%
48'A
160
22%
23%
3,400
243A
79
114
28%
28%
24%
24%
80
80
138%
/
"
>
114
114
;
x273/,
27%
15%
15%
3,100
233/a
.; 23%
169 Va
169%
169%
168
169-
128
126%
126%
12634
126%
116%
116%
116%
115%
116%
16%
17
16%
17%
60%
583i|
60
59
23 V,
22
22
•21
22
58% •58%
58%
29%
.
*195%
59
197%
180%
*195
182
17
9
6%
6%
6%
6%
6%
6%
6%
125%
6 s,
125%
126%
116%
117
117
46%
47
38%
;
46%
*38%
46 %
38%
126%
46%
38%
6%
6%
6%
127
118
46%
126%
24%
25%
38%
25%
25
25%
22
22
22 V,
21%
7
24%
22
*106
23%
*103
106%
24
*106
"
103%
1063,
23%
103
24
103
*104
105
105
105
*106
108
>105
108
1%
For
1%
footnotes
1%
see
,1%
page
2463.
106
233i
103,
105%
>105
1%
106
24
103%
105'A
108
1%
*67%
*106
23%
103
105%
*105
1%
69
1063i
24
103%
*67%
*106
23%
*103
1
1%
18 3/4
Feb
Jan
6
104%
Jan
28% Mar
5
110
May 31
5
Jan
1
Aug
.
Z.
27%
Jun
Oct
111
*104%
107
♦105
350
1%
1%
2
101% Mar
7
69
Jan
•789%
Dec
30% Jan
8
20%
Jan
29%
Dec
193A Jan
8
113A
Feb
19 Vb
Dec
145% Jan
23
-/•-;
Mar 26
145% Jan
23
30
25% Jan
28
31
Jan
133/4 May
Dec
109% Nov
Jan
May 18
'
•11% Aug
5Va Aug
7
14%
Jun
19% Nov
7
123% Feb
21
100
120
Mar
139
6 6 3A
May
4
97
Apr
May
1
41
Apr
Co
Mus
Ind
12% Jan
12
16% May 25
23% Jan
12
25 'J/4 May 29
16'A Jan
8
19% Feb
8
13%
Jun
16%
Oct
10
112'/a Feb
16
109%
Dec
113 Va
Apr
48
May 5
47% May 5
38% Mar 26
21%
Jan
41%
Oct
36 Va
Apr
45%
Jun
32%
Apr
36%
22% Mar 27
26% Feb
19
17 V2
Jan
22% July
34% Jan
19
50% Apr
24
17 Va
Jan
37%
7% Mar 29
15% Jun
110
Jan
33
Jan
30% May
9
39% Mar 29
35% Jan
24
7
Jan
Jan
21%
Feb
65
Jan
23
46% Feb
29%
Jan
41%.. Oct
33% Apr
40% Jan
6
38% Jart
28%
Jun
35 Va
4
44'/a Jun
2
26% May
36
16% Jan
56
105
Jan
25
109
par
Jan
Jan
17%'July
Feb
38%
Mar 20
49
—5
18
Jan
65
2
Mar
27
Mar
20
155
Jan
143
2
*
114% Jan
4
-
1143/4
Apr
131
17
1063a
Jan
113
Dec
Jun
Feb
1
123%
Jun
128%
Dec
Mar
6
113
Dec
120% J»a
17% Mav
7
117
Jan
22
22
25
174
22
11%
10%
Mav 17
183% Apr 30
197% Jun
1
Feb
14 Vs July
33
62% May 18
26
Apr
41
Dec
Jan
25%
Dec
6%
157
Johnson
Jan
6
173
Jan
195
Sep
49
Jan
22
61
7
41
Jan
V 52
Dec
15
31
9
16 3/4
May
1
8% May
May
May
12% Mar
3
1
8%
20
53
May 31
37%
Jan
14
20
17V,
Apr7
10
Jan
5% Mar
No par
,
5
50
_100
9
3% Jan
2
-
3%
7% May
3% Nov
Jan
3
129
103
Jan
3
121
May
44% May 22
Apr
50% Feb
34'A Mar 21
40
22% Jan
,
28
7% May 11
/109
.
No par
3
preferred
Pec
15%
Sep
r
Apr
shares
Corp
24 Va
Dec
42V, Jan
—_4
Dec
21% Jan
5
8ervlce
178
Feb
185
l4
preferred
14% Nov
Apr
129
39'A Jan
—2
Mfg Co
Aug
20%
5
3
Electric
,.
162%
Jan
-18% Jan
100
-Jan
Feb
6
Jan
Nov
72 %
May
9
8%
July
273/s
21% May
47
9
Feb
1133/4 Jan
„
Nov
;
137
100
.
Sep
49
105
4
25
9
.
20%
Jan
172% May
125% Jan
-
Jan
2
par
13
May
Apr
15'A
1
303/4 Apr 30
16 Va May
1
6
21
20 3A Jan
par
82% May
4
Apr
12
26
Dec
95
24% May 4
26% Feb 23
22% Jan
Dec
433/4
9
47
2
Sep
42
13%
27% May 29
Feb
Oct
Dec
38% Mar
May
Mar
t>ec
x273/4
17% Ma r 26
Natural Gas
9% Mar
5%
22
par
Oct
Dec
18%
Jan
No par.
Oct
52
Jan
38
No
23%
68
2
par
10
13% Nov
Jan
19% Mar
31
Jan
67
—>2
(The)
El
Public
6V4
28% Dec
23'A Feb
21
No
x
;
Nov
127
1143/4 May
21 Va Apr
25
1
100
1
50c
Battery
nec
—8
Inc
preferred
preferred
61V2
6
—_
Am
July
140
v
•25% Apr
1st pfd
Storage
$5
•101
30%
7
No
Electric
4%
19
Dec
•
29% Mar
•
Jan
213/, Mar
(EI) & Co
Bros Stores
Engineers
38
Mar 26
9
22 %
May 31
108% Jan
105 Va May 24
144
Jan
223% Jan
33 %
10
.
112
32% Mar 15
2
293/4 Apr
'
2
preferred-—4
cum
Paso
37 V* Nov
9
62
Mar 26
104V8Jan
1
16
Jan
3
4
25
45% Aug
15%
-
6%
81%
114
Apr
103%
Apr
27%
Feb
15
May
Apr
39%
25
Dec
Oct
5% July
78
4
29 Va Jan
9
20% Mar 27
Jan
-
Sep
-Dec
Dec
47® s July
34% Nov
Dec
22%
Mar
57%
Jan
68%
Dec
Feb
26
101 %
Jan
108 Va
Jun
24% Jun
1
8%
Jan
17 Va
Dec
70% Jan
107
190
7,500
Dec
;
.—No par
No par
104
$5% preferred
.102
Jan
5
105 Va May
31
89
Jan
105
Nov
$6
108
l3/.
$6
Dec
Dec
105
Jan
16
—1
Electric Power «fe Light
$7
28
6
18% Jan
Elastic Stop Nut Co
/
1
■
100
Light 5%
findicott
1033/4
105%
108
Jan
Feb
47% Mar
.
22%
7% Nov
Emerson
10
v 91 Va
105
,39
Aug
49% Aug
■:$
Jun
Emerson Radio & Phonograph
16,200
Feb
43A
4.460
24%
Jan
15 Va
3
2,400
69
Feb
45
6% Jan
22%
106%
273A
7
22
Boat—
800
7
25 Vb May 29
87% Jan
100
$4.50 preferred
200
38%
463A Mar
513A Mar
5®/8 Jan
25
„
6
18
22
Dec
6
No
Auto-Lite
1,900
32
25% Mar 27
No par
Electric
2.600
Jan
Jan
No par
Du P de Nemours
&
25 % July
Jan
102% May 10
353/8 Jan
2
—10
Duplan Corp
Elec
16%
May 29
Jan
20% Jan
110% Jan
6%
r
37
No par
"
20
47
No par
20
A
' Duquesne
x39
No
Electric
5 200
2
Jan
16
jKasteru Airlines lnu—
13,400
46%
38%
25%
22%
69
7% July
May 28
34% Jun
283/4 Mar 26
.No par
Eagle-Plcher
4,200
H8
46%
22%
*67%
5
2
5
24
1843/4 July
Jan
59% Jan
pld
Co
3,300
127
*116
25
69
3 % Jan
Apr
5
122 % Apr
preferred——
Cup
4.400
.
6%
223/,
*67
.
16%
6%
21%
68%
Oct
Apr
1731/2
3
8% May 26
1
2,900
30
9%
53
•
6%
,
24%
*66 V»
61%
52 Va
68'A May 10
195% Apr
2
Jan
253/4 Jan
' Eastern Stainlm Steel Corp
5
2,200 f
Eastmah Kodak Co———No par
.
„
*116
Dec
2
1,500
197%
16
*38%
57
17
1
6.000
:
i
-
52%
16 V,
*116
Jan
52
No par
Dresser Industries
Dunhlll International
310
-
180%
8%
53
46%
Jan
Jan
Mar
No par
Edison
8%
38%
15%
44%
4
.No par
(The)
Eaton Manufacturing Co.:
15%
117%
Dec
13% July
July
25% July
6
100
900
52%
;•:
Dec
10a/4
58'A Jan
Drug Stores Inc__2.50
500
16%
46
31%
47
5
29
52%
*38%
Apr
163/4 May 18
xl82% Jan
-100
60
16%
*116
24%
51% May 9
22'/a Jan 12
X105
....
—
Inc
A
'
52
125
7
103% May 22
10
28%
16%
125
Mar
Dec
100
197%
513/4
•6%
Dec
Sep
Jan
49%
100
*59%
ley,
;124%
9%
33 %
103% May 21
Sugar
29%
503^4
6%
6%
Jan
58 % Jan
par
preferred
59%
16 %
6Va
7%
Jun
5V8
26%
33% May 22
.No par
197%
50%
6%
41%
1
8
2
2
No
29
9
Jun
13% Mar
16
17% Mar 26
.No par
593i
8%
43'A
May
1
May
32% May 23
..No par
30
16
9
10
12 % Jan
100
59%
50%
•'
11? 3/4 Aug
Feb
49% Jan
122% Jan
500
17%
;
180'A
9Vs
9
Mar
Mar
58
52% Mar 27
(The)
*29%
,
30
'
Dec
10
12% Mar
100
25
*59
•
30
181
16
No par
3,700
59
23%
180
14
13
3
No par
300
59%
/
Oct
1
Feb
32%
Nov
29%
105% May
5
20
84 preferred series A
5,500
15%
23%
15%
*23
16%
181
17
47% May
Feb
73/4
25
Feb
108 Va Jun
2
Douglas Aircraft.
Dow Chemical Co
100
23%
197%
Jan
Corp —i
Dome Mines Ltd
<
1,100
59%
179%
Dec
112
19'A July
Doehler-Jarvls
3,300
1393/4
*23
*195%
11 % Apr
114
May 19
8% Jan
20
Jan
48
preferred
Class
7,500
80'/a
138%
8%
-
105
26%
23
24%
'U3 Va
5
46
102 %
23
30% May 31
6
8'A Jan
Feb
Feb
Diamond T Motor Car Co
Distil Corp-Seagr's Ltd
48%
22%
138
Dec
53%
Aug
preferred--
27
16%
197
*29%
*127
105Va
26%
*48
59
,
179%
197
169
>105
115
24
26% Apr
109
Delaware Lack & Western
50
Detioit Edison
20
Detroit Hillsdale & 8 W RR Co„l 00
Devoe & Raynolds A
No par
Diamond Match—
No par
6% partlc preferred
—25
9,500
413A
41%
24
12'A
Delaware & Hudson
10,100
192,800
72
72
May 22
38 Va
Deere 81 Co
Preferred
Deisel-Wemmer-Gllbert
4,600
:i *673/4
*67%
Jan
1
Davega 8torea Corp
5% preferred—
Davison Chemical Corp (The)
Dayton Pow & Lt 4%% pfd
Decca Records Inc
200
373A
,
Dec
Aug
Jun
28
Cutler-Hammer Inc
GOO
,
V
44%
v
49%
*673A
,i
48%
38 %
'*24
"153/4 15%
> *25;U 26%
113%
6%
Press
Class
4,600
>
183/4 "•
18Va
>112
108 % Jan
1
Cushman's Sons Inc 7%
29%
*23%
44%
37 %
113%
24
143/8
45
Jun
preferred
Curtiss-Wrlght
128
29 Va
20%
18%
*112
$7
7,000
18%
113%
12
8
253A May 19
52
Prior
25,300
16%
*112
Dec
21 Va Apr
Steel of Amer
Curtis Pub Co
90
1,300
6
25%
113%
25%
2
preferred
Cunningham
14,000
135
'66%
;
5%
18%
*112
Dec
Jan
5
preferred
4%%
6
,2534
*18%
Oct
20%
18%
Jan
preferred
Cuneo
300
5%
*118
32%
Jan
30'A Nov
47 % Feb
Co
Cudahy Packing Co
700
12UA
135
66%
293/4
13 % July
Jan
v
5
Corp.——
..No par
preferred
rr
1%
_..L
36%
12%
134%
20%
Jan
11%
:•
5
25 Vz Jan
Jan
73A
37
Corp__
Cuban-American
107%
•35
66
20
16%
24
55
31
Jan
50
25
$5 conv
4,800
33%
*105%
134
6
,28'A May
Oct
2
preferred
Crucible
10,500
313/a
*33
37
:i6%
*24
V
33%
66
//■• 5%
128
293/a
—
31 Vb
31%
135
.1974
*118
M
30
30%
150
*145%
150
—
66
6
19%
12%
*145%
I
135
65%
5%
19%
12%
134
65
6
19%
12%
133
b'5 %
*
36 3%
12%
133
133
*
36
150
Jan
18% Jan 20
Zelierbach
Crown
5,700
95%
/
Jun
24
Oorp (The)
Cork «Sz Seal
$2.25
43%
103 3
Oct
6%
18% Mar 26
'
1
conv
37%
25
108%
Jan
5
Trust
Cream of Wheat Corp
*48'A
39
Jan
23/4
'
27%
21 Va
48%
46
*48'A
102-%
2
6'A Feb
29% Jan
Co
46%
X38
25
X105
273A
109 % May 23
24
303/4 Jan
Refining
Internat
Crane
Dec
4% July
36
Inc
4%
33 Va
103
25%
6
100
8%
X33®A
Jun
Feb
105/a Apr
Preferred
5
33%
Dec
95%
Feb
5
preferred
Products
Corn
40
31
3 Va
2
Works
Glass
3%%
Electric
Bank
Exrh
Corning
3,100
*193
67%
67
67%
194
27%
495/8
24%
Corn
5
106
45%
49%
Cornell-DuBilier
7,940
104 3/4
33%
38%
44%
*48%
3,900
8%
33%
8
18%
57%
333/4
67%
193
18%
•
No par
No par
5
50
Corp
1
prior preferred
Copperweld Steel Co
Conv pref 5%
series
3,000
Jan
5
Cooper-Bessemer Corp
52
104%
33%
104
*1033/4
104
Oil
57%
19 Va
57
*103%
16%
16
52
3.6%
52
20 Va
—No par
Continental Steel Corp
52
27
104 % Mar
30
Del
34
16%
Dec
Apr
21%
28
10
33
*51%
29%
1
4 '/a Apr
—1
33%
.
Jan
4% Jan
37% Jan
Motors
33%
$3
Dec
21%
30% Jun
107% Apr
Fibre
Diamond
33%
51
Nov
26
.5
2
_.,_20
$3.75 preferred
19,800
29 %
Feb
36
xl06Va Mar 28
_20
Continental Insurance
10 3/4
11%
12
Jan
8%
33A Mar 23
No par
700
Oct
Jun
10
3
24% Jan
No par
100
;
108%
108
243/4
33 Va May
2
101
pfd—No par
Inc
Cnn
108
.
Feb
May 29
33
2
Jan
Jun
31% May
12
29 Va Jan
par
Corp of America
Conttnemai
4,400
107
2
Jan
26'A Mar 31
25
*32%
33
Jan
15
Baking Co
preferred
8%
47
79
No par
5
Continental
47%
10%
10%
Container
6,600
1103/a
46 %
24
283A Jan
50
107%
54
11%"
*53%
5,700
10
*108'/a
110%
Jan
1% July
95% Dec
Co
46%
108
18%
Feb
Aircraft
*107%
47 %
47
*107%
46%
45%
:* 107%
Apr
%
Gas
$4.50
Pow
Consumers
390
Jun
14 %
preferred
30 3/a
9%
10
$2.50
53%
30
30 3/a
RR
Dec
43 Va
1 Va Apr
2
21
49%
18 3A Feb
24
233/4
Jan
2
25% Jan
217a
Jan
Jan
17% Jan
23%
Dec
15 % Mar 26
1
23%
23
37%
pfd_———No par
of Cuba 6% pfd
100
21%
Feb
Dec
Apr
108 % Apr
23% May 21
27%
Dec
93
98 '/a
105% May 19
1
27%
97 Va
Feb
Feb
39 Vb
6
21%
Jan
105
6
23%
Deo
5 % Mar
16'A
Apr
32% Feb
Vultee
Dec
35%
45 % Apr
"conv
$1.25
35'JA
2
39
373/8 Apr
23%
111
50
/
84
10
14'A Mar
213/e
111
24
Jan
Jan
70'
May 22
16
>•..27%
*1103/4
47% Jan
76
May 31
96% May 31
106
11% May 18
3
28
111
25% Feb
107
31% Jan
22
1103/4
15
21
1
Corp
233/4
111
Jan
No
Y__
Natural
21%
•-
9
-No par
5
preferred
Consolidated
24,600
27% \ 27%
27%
273/a
95% Jan
No par
Laundries
Consol
'
273/4
27
84
22
Corp
N
23%
27%
2
Jan
Industries
Film
Consolidated
2,700
21 ®/a
21%
,
90'A Jan
89
preferred
$2 partlc
800
37
of
Edison
Consol
5,300
12
36%
t.
Consol
1,900
4%
Nov
No par
23
preferred
Consoi Coppetmmes
Highest
$ per snare
Jan
3%
No par
$4.75
7,900
108'/a
25%
1
Consolidated Cigar
42,100
4%
108
Va
5
*4%
4 '/a
30%
4
30 3/a
301/3
30
22
■//'
4 Va
30%
1
6% Jun
No par
190
104'/a
38'/a Jun
2
Congoleum-Nalrn Inc
600
36
*35%
*104%
36
Mar 27
—No par
preferred series
Edison Co
86
Commonwealth
Conde Nast Pub Inc
600
*30%
104 Va
4
5
*33
30%
30%
109
*11%
37%
Va,
13,400
34%
3/a
*35%
29%
29%
104%
X 30
35%
104%
31
31
Commonwealth & Southern—No par
"
30 5/a
31
tri
31
35 Va
107
105
30%
3078
33
103%
62,100
6,300
26 %
No par
preferred
-Commercial Solvents
12,600
l'/a
1
1
1%
103 Va
32%
1 %
Credit
conv
1
No par
10
100
preferred
S2.75
Commercial
4 % %
17%
173/a
17%
.
107%
*106
107%
xl7%
17%
30%
31%
29%
233/4
38% Jun
No par
No par
Pictures
Columbia
4,700
50
45
303/4
109
233/4
23%
44%
1
4
'
-Mar 26
100
100
Co
Carbon
31
JVo pur
Elec_
1044
$ per share
share
4Va Jan
preferred series A.
preferred
Columbian
600
50
30%
104 >A
5%
24
303/4
4
6%
40
49%
101
'
1,300
107
*104%
105
54,300
45
31
104%
,
Gas As
Coiumoia
6%
98 %
-
*96 Va
96%
per
Lowest
2.50
B
Class
105%
*105%
107
493/4
17%
30%
32%
1,000
Year
Highest
2.50
cl A
Columbia Br'd Sys Inc
3,100
38%
44%
' 24%
1%
100%
30%
100'/2
104 Va
103
38%
6 3/8
6 3/a
6%
96%
95%
100%
1
1%
•
38%
37%
38%
January 1
$
$ per share
Par
Shares
share
per
EXCHANGE
the Week
.'
45
*106
107%
30 3/4
$
share
'
50
24%
44%
17%
100
June 1
..
44%
50
*104%
%;v 1
.
Range Since
Lowest
STOCK
YOltK
NEW
for
*4974
24%
23%
•49% ' 49%
22%
103
$ per
102 '
101 Va'
95%
104
104
103
103
101 Va
V
May 31
*37% 0,38
6%
6%
63/8
101 Va
*95 Va
share
Range for Previous
STOCKS
Sales
Fririav
Thursday
37%
38 Va
102
'95 %
J per
38 Va
37%
6%
6%
-102
May 30
share
per
373/4
37 %
■
HIGH SALE PRICES
Wednesday
Monday
Monday, June 4, 1945
FINANCIAL CHRONICLE
THE COMMERCIAL &
2456
:
No par
104
Feb
1
1063/4 Jan
11
923/4
Jan
107
Dec
May 21
2% Jan
20
3/a
Apr
preferred
tEquitable Office
Bldg
No
par
100% Jan
1
5
104
Apr
87
30
.
Jan
1%
Dec
Number 4391
Volume 161
THE COMMERCIAL & FINANCIAL CHRONICLE
NEW YORK STOCK
LOW
Monday
Saturday
May 20
HIGH
BALI
Tuesday
STOCKS
Thursday
Friday
May 81
Jtine 1
May 30
$ per snare
$ per snare
* per
17? 4
17%
,
18
XL7
17%
'
80%
"80
80%
80%
"80
80%
"88%
16%
92
share
$ per share
: is.%
:
>.
:,"88%
; i4%
18 a/a
54
■
:
*
6%
31%
14%
18%
18%
55
:>6%
54
53%
22%
.22%
105%
37%
37%
32%
31%
15."
"105 ■'
53%
31%
32%
15%
M5%
22%
"105
22%
105%
X37
/
.
22%
30%
-29%
12
-35%'
:
12
106"
106
"27%
12%
35% ;
36
36%,
"105%
:
27%
106
%
48%
54%
54
54%
31%
31
31%
4,000
15%
15
15%
11,400
22%
2,900
22'%
28-%
12%
37
107
107 Va
48%
48%
49
"29
12
49%
v
200
11%
3.700
Federal
5,600
Federated
37%
105 Va
70
27:%
700
58%
58%
1,100
61 %
1,300
4% ft
100
49%
50
30%
31%
30%
31
30%
30%
108 %
7,200
108%
"107'/a
108'%
108 %
170
48%
"47%
48%
-X47%
47'%
400
Florence
500
Florsheim Shoe class
•47%
38%
38%
7%
7%
"60
-•
"46%
47%
47%
39
39
"37
38%
38%
38%
"37%
8
7%
8
8%
8%
8%
7%
*61'/a
61
37%
"25%
62%
613 4
63%
20
20
20
20%
20
20%
76%
76%
76%
76%
75%
76%
38
,
61
20
77
20
"75
37%
38%
37-%
38'%
37%
26%
"26%
26'%
16%
"16%
16%
"26
,26%
17
;i7%
"140
16%
145
-
40%
140
40%
50
7%
5%
40
121
120
7%
7-%
61
;
40
16%
16
16%:
x7%
40
Freeport
53%
3,800
Fruehauf
1,310
4'/a ft
6%
17%
17%
15%
15%
15%
15'%
15%
15 Va
18%
18%
19
19'%
15 V#
19
15%
19
19
73
73
73
73
8%
"72
"63
65
14%
14%
52
*71
9%
8%
X28%
28%
28%
28%,
65
"63%
64 %
64
64
14%
14 %
14%
"107%
52%
109
52
"107%
Gamewell
1,000
Gardner-Denver
9
71 %
8%
'
20
15%
15'/#
1.5 %
16,100
Gen
"107%
109%
"107%
109%
53 %
53%
53%
53 Va
2,800
Gen
9%
9%
9%
9%
9%
9%
5,000
175%
"174%
175%
175%
175%
175%
175%
175%
175%
90
21%
21%
21%
21%
X21 %
21%
21
21
"6%
21%
21'A
6%
6%
6%
7%
7%
8%
24%
24%
25%
26%
28%
27%
128
128
30
30
128 %
128 %
129%
130%
134
29%
30
"169
172
24
30
"169
172
43%
43%
45%
45%
45%
,"4%
v.
4%
4%
43%
-
..
"29%
30
,
7
30
172
♦169
172
44%
44
48
47%
4%
4%
♦140%
4%
4%
.
"140%
145
"123%
125
125
126
130%
130%
130%
67%
68 %
68
128%
"128
"60
69 %
69
127%
128-%
145
4%
*140%
145
126
69%
69
128
128
129%
127 V3
7,600
69 %
600
16%
16%
63
Xl6%
16%
16%
16%
16%
16%
15%
16%
62
"60
62
28
11
"107%
28
28%
28 %
29
27%
27%
X27%
27%
10%
11%
10%
11%
11%
11%
11%
11 %
"107%
no:
2%
"128
"107%
110
2%
2%
2%
34%
2%
33%
34%
34%
,
133
110
"128
4
4
26%.
"128
133,
'
4 |if*' ?
,3.25%'
1'23
■3%
-4
■V
25'%
26 %
'
25%
£23
23'
23
•
*10
•' •111%
'♦109'%
33
33%
33%
"34%
.*
"29%
35%
35
111
110
4
29 %
25%
*
V: 23
108%.
32%
35 %
35%
29%
29%
109
29%
29 %
"109
109
15%
15%
15%
15%
15%
15 %
"97%
98%
97%
97%
"97%
98 %
27%
27%
27%
27%
27%
27%
27%
27%
99
99%
"98
31
31%
31
31%
31%
31%
56
55%
55 %
53%
54%
58%
"103
55%
"108%
'20%
6%
109%
110%
6%
'
17.400
100
"98
27%
Glldden
400
4% ft
30
103%
55
55%
%
"109%
110%
"108%
109%
"108%
"
20%,;
10%
.
100
3,100
20
20%
6%
6%
6%
6%
6%
6%
5%
4%
5
4%
5
5%
100
4,300
109 %
*
20%
39,100
2,800
4%
5%
24%
24%
24%
24%
"24
24%
24%
24%
200
17%
17 7 8
18%
18%
18%
18
18 %
17%
18 3a
6.800
42
41%
41%
42
42%
42%
"23%
24%
24%
24%
16%
16%
16%
16%
16 %
16%
16%
16%
16%
16 %
53%
52
53%
52 %
53
31%
31
•41
./:
"24
"23%
52%
53
53
53%
31
31
30%
31
30%
"174
175
23%
24%
Va
174
175
"174
175
175
*43%
43
1.700
44
'
52%
'
"23%
24%
31%
6,700
174
174 %
174%
70
*70
79
79
"70
79
"70
79
59-%
60%
60
60
60
61
61%
62
61 %
61%
28%
28%
28%
27%
28%
27%
28
27
28
"106%
107%
"106%
107%
"106%
.1.07%
"106%
35 5 a
36%
35 %
36%
35%
36 Va
35%
7%
"204
24 %
75%
-54
79
600
2.200
11,500
31 '/a
31 %
'
"70
24 Va
28%
"70
"
"106 %
36
36
8,500
Va
4,600
24%
24%
23%
24 V8
22%
23%
23
23%
32,200
76
76%
76
76
75
75%
74
74
76%
54%
54%
55%
55
55%
7
206
7%
7
204
7%
7%
"204
205%
205
54%
Co
(The)
preferred
conv
—-—1
tGoebcl Brewing Co_—
Gold ft Stock Telegraph Co
100
10
"7
7
205
205
7 Va
206
55
54%
,
55
140
<B F)
Goodrich Co
preferred———*—100
4%ft
108
35%
107%
4,078
20,500
24
7%
207
No par
No par
No par
No par
No par
50
preferred
—No par
$5 preferred
—
No par
Goodyear Tire ft Rubb
No par
$5 convertible preferred—No par
Gotham Hosiery.i_L:ii.—-----No par
Graham-Paige Motors.————1
Granbv Consol M S & P.
—5
Grand'Union Co—
L—No par
Granite Citv Steel—
No par
Grant (W T) Co
10
5ft preferred
—20
Great Nor Iron Ore Prop—-No par
Great Northern Ry 6ft pfd—No par
Great Western Sugar
No par
Preferred ————————100
Green Bay ft West RR_
100
Green (H L) Co Inc.——
1
Grevhound Corp (The)
No par
17%
5
1
——
2,600
"23%
5
par
60%
"103
20
No
-
Grumman
Aircraft Corp—-——1
Sugar-..,—.—No par
Guantanamo
nre'erred
Rft
-
„
No par
.'—No par
Gulf Mobile ft Ohio RR
1,300
$5
11,400
Gulf
preferred
Oil
62
125
53
10
17%
Dec
18%
Dec
15%
Sep
18 Va
Jun
62%
Oct
4%
5% July
66
Nov
Jan
7%
13 V#
Feb
23%
Dec
Jan
58'/a
Dec
1
10'/#
Feb
16'/#
Dec
41%
Apr
54%
7%
Jan
Apr
27
7
1
143
Feb
"26%
*36%
39
39
"37
Hackensack
38%
"36%
39
26 %
Hall
24%
26
2.000
24%
25%
26 Va
24%
25
26
"23%
19 %
19%
20%
20%
20%
20%
20%
Hamilton
19%
19%
3,800
19%
106%
20
>
"36%
39
-
"106%
108
107%
■107%
21%
108
"107%
21%
'152
36'/8
"9%
'110
For
107%
"
108
22%
21%
9%
112
fnofrinfpc
"9%
cop
l/a
22
108
22%
'
10
110
naorn
;
Odfil
37 %
11
"109%
"106
"107%
22
106'/a
108
109%
35%
9%
"109
"106
"107%
21%
22 Va
Nov
6%
Jan
1
4%
Jan
1
11%
Jan
May 31
81%
Jan
124
May 26
25'/#
Apr
172
May 31
140
Feb
29% July
155
Dec
44'% May 29
35
Feb
40%
48
40
Nov
43% July
Feb
3% Aug
140
Sep
19%
21%
2,100
35 '/*•
36%
-
9%
111
9%
6%
109%
36
11,000
;10
600
109'/a
60
Co
Watch Co
—-—25
10
No par
.M0
«
(M A) Cn $4.25
Harbison-Walk
Refrac
pfd-No par
No
preferred
par
MO
preferred—
Hart, Schaffner ft Marx—
riat Corp of Amer class A_—
6%%
Doc
May 31
4'% Apr
Jan
2%
17
143
128
134
25
115
Jun
1
102
Mar
6
Sep
Jan
Mar
7% July
22%
Dec
Dec
120
Dec
Dec
134%
Nov
7
"l3/#
6
125%
Jan
130%
Oct
61% May 25
36%
Jan
56%
Nov
16% May 28
4%
Jan
13% July
70'% May
130
x
16
Mar
30% Mar
19
Feb
18%
6
11% Feb
14
108
3 V# Apr
6%
106
Mar
26
5% Feb
23%
Jun
11%
Aug
107%
Nov
Apr
14
3%
19%
26'% May 21
2'/# July
Apr
Apr
112
July
Jan
IV#
6
Jan
66
Oct
19%
17
37
127
Feb
Apr
31 Va
124
Apr
Dec
Nov
4'/# Oct
Nov
25% July
27
14%
Jan
19%
Nov.
111V3 May 26
34% May 29
74%
Sep
110%
Dec
22%
Jan
27
Doc
19
Jan
31%
Dec
19%
Feb
2~6~%
Dec
7'/a
Jan
16%
Dec
24% Feb
35 % May
22
Mar
12
32% Feb
8
111
109% May 16
17% Jan
15
97% May 29
69
Jan
90%
Dec
29
Mar 9
Jan 23
11V#
Jan
22%
Dec
JRn
25%
Dec
Apr
52
Aug
Apr
29
100% May
97'/a Mar 28
28% Jan 2.
32
2
May 10
18%
45
57
May 16
4% Feb 19
4
3% Jan 2
May 10
25'/# Feb 1
53% Jan 10
102
Apr 20
49% Mar 26
107% May 19
12% Mar 26
5% Jan 2
4% Jan 2
18% Jan
3
14'/# Jan 23
36% Jan 22
23% May 15
14% Jan
2
46 V# Jan 24
165'% Jan
151
2%
85'% Jan
12
Feb
19
175
Dec
15
62% Apr
4% May
Jan
30
40
Feb
54%
Jun
Jan
104 V2
Nov
15
36%
Feb
51%
Deo
8
104%
Jan
112%
May 23
8%
Jan
17%
Jan
15
1%
Jan
5% Jan
It
3%
Jan
105% Mar
x57% Feb
112% Mar
21
'
8*
98
6
15% May
9% Feb
24% May 17
18% May
1
7
Jun
Oct
.Aug
5% July
19% Dec
16
July
42% -Dec,
44% May 14
32%
24'% Jan
23% Jun
25% Mar
10
Jan
1
14'/#
Dec
17%
24
25 V#
Jan
49
31'% May 31
24%
Jan
30.
May 25
143%
Feb
163
Nov
Mav
67
(Feo
17% Mar
55% Apr
28% Jan
2
161% Mar 16
175
Feb
63% Apr
57
2
24
71
Jan 20
Jan 25
Jan 12,'
Jan 24
5'% Mar 26
108'% Mar
13
38% May
Dec
55%
Dec
Feb
19'4
Feb
Dec
105%
Dec
Apr
32%
Dec
9
May 31
Dec
43%
11
3%
7% May 26
206
167
Jan 26
14% Mar 27
58
Jan 23
NOV
105%
28% May 23
2
V#
123
Apr
Jan
24% July
6% Aug
189% jljec
16% flay
33
Jan
62%
(Dec
57'A Mar 16
6
Jan
76% May 26
,
42 V#
Sep
50%
Dec
6%
24% May 26
%
'.liT
Hi*
preferred—
Hanna
108
"152
"152
36%
"9
37%
36%
*110
107
"152
"152
36%
106%
"106
Oct
9% July
iv;
Water
Printing
«ft
Dec
161
H
'
Dec
30
13V# Mar 27
49% Jan
Corp
Jan
16%
May 16
Jan
134
Jan 24
Jan 22
Mar 26
Jan
July
Jan
2%
'
25% Mar 29
28 % Jan 23
106Va Apr 27
26
Jan 2
107% Apr 27
64
52%
23%
104%
28%
7
2%
:■
8% June
Jan 22
May 3
Jan 11
52 % Jan
Sep
29% Jun
123
Feb 10
3% Jan 3
90
21
Deo
44%
116
12%
19
10'% Mar
2?% Jan
2
9% Mar 27
106 % Feb
7
l%Jan
3
28% Jan 24
21
19
99
Dec;
36% July
51
Jan 22
Jan
Jan
Apr
Sep
135
Jan
29%
175% May 23
22% Mar
1
6
10
Jan
103
l
12
15 % June
4
>
17%
107'% May 24
55% Mar 19
Jan
——No par
No par
Dec
Jan
27
64% May
Apr
Goodall-Sanford Inc
60%
1.9
25%
30%
20
31
2
2
113
5,200
55%
1
Dec
Jan
>70
9% May 19
2
129
29%
103%
"103
5
par
Dec
29
13%
20
76
49
Jan 31
8% Jan
2
160% Jan
2
17% Jan 22
6
Mar 21
28 Va
54 34
x59%
60%
103%
Jan
Jan
Nov
69
Jan
20 v
l
18% Jan
9
16
Jan
16
7
20% Apr
6
11% May
9
Feb
7
12% Jan 22
28 Va
6%
6%
2.900
4%
Mar
Jun
58% Mar
8% July
53%
8
9 V# Feb
6
Apr
5
25
18% Feb
2
2
Jan
—100
preferred
$4.50
500
154
Jan
Jan
104% Apr 18
5
—No pat
GimM Brothers
4,000
"153
23
58
—
Safety Razor
conv
54%
55%
60
"103
$5
31%
4%
4%
153
153
123
17
5
Telephone
Gillette
98%
"52%
54%
Jan
i
—No
5% May
43% Aug
May 21
May
41% May
53% Jun
9
5
7'/a Jan
A
50
preferred—No par
Corp
__20
Gen Time Instrument Corp—No par
4% ft preferred
100
General Tire & Rubber Co
— 5
4 % ft
cum pfd—
100
31
31%
4%
4%
28'/a
2,200
27
Mar
Jan
66% Feb 16
1
Inc
Precision Equip
98%
99
31
"52%
155
27
20%
20
20%
16%
98'/a
55%
109
'*
•
15%
"97'/a
55%
103
103
55
30
60
59%
59
59
103%
54%
4%
27%
28%
27%
28%
155
156
"152
156
28
4%
4'/a
4%
4%
"152
1,600
29%
110
-
98%
"98
99
300
35%
6%
4%
16
14%
16%
par
Gen Steel Cast $0
111
Dec
146
42% Mar 26
113
No par
General Refractories—.—No par
"108
-33%
18% Jan
General Shoe Corp
"34%
35%
111
"108
Dec
10
13
No par
33%
24%
May 28
Apr
34
preferred
General
Dec
39
14
Inc..
1,690
42%
4
118
Ao
preferred
5.200
Jan
Jan
—
109%
34%
25
1,200
33
Jun
48% May 16
39% May 24
26% Feb 19
3,200
106%
33%
15%
"55%
3,500
Aug
26%
25
23% "23%
.
44
18% May
77
'
23%:
98%
15%
"97
'
35%
64% May
25'%/ 25V#
25%107%
107
34%
110
"109
"130
svw;
'
'
'
23
111
"108
29%
"29%
"109
109
33%
34
35
29%
109
107%
111%
"108
35%
111
"108
""i 22%
3,000
35
34
^
-
2.500
2%
2%
-
Jun
8
21% Apr
General Printing Ink
109
"106%
2%
34%
4%
26
110
2%
33%
133
133
"128
♦107%
2%
35
Jan
-
Dec
57%
109
8
9
Jan 24
1
—
preferred
Apr
Dec
May
15% Jan
100
Outdoor Adv A
103%
Dec
33% May
62 Va Apr
Corp—No par
1
$4.50 series A preferred
No par
Gen Public Service—
10c
Gen Railway Signal
1
No par
6ft preferred
———1O0
Gen Realty ft Utilities—
10c
Gen
4,200
33%
51
47% Jan 24
10
Co
Common
4.600
11
"27%
26
27 Va Mar 20
156Va Jan 4
37% Jan 24
40
Feb
1
3?/# Jan
2
134% Jan
4
$5
3,700
*60
105% Apr
64
May 14
3
110'% Ma r
114% Jan 22
Gen
"60
63
Feb
pfd—100
General Motors Corp—
25,100
127%
"127
63
"60
38%
No par
cum
5ft
80
129%
53% Mar 26
No par
—
General Mills
800
128
68%
69%
127%
7,100
145
"140%
127
130%
"129%
Nov
—No par
7% preferred——
—100
General Electric Co_
—No par
General Foods Corp
No par
Gen Gas & Electric A
No par
$6 conv preferred series A-No par
25,800
4%
4 Va
53%
May
10
10
25
A
General Cigar
10
48
Jan
——-100
7ft
840
44%
47%
45
Transportation
preferred
Class
800
.
176
44
47%
126
"127%
"172
44%
145
130%
172
30
4
2
1
General Cable Corp
9,400
134
•
47%
47
"123%
129%
29%
44%
.44%
"140
129%
29%
132
60
Jan
.——100
General Bronze Corp—
18,100
:
126%
24
50
Investors——,
Amer
Amer
$8
2,300
6%
7
24
10
Aug
8% May 18
General Baking
9%
9%
27 V#
6% Mar 20
$4.50 preferred
"174%
10
32
108
Jan
-20
15%
15
Jan
Jan
17
100
Wood Industries
10% Aug
93
—10
Gaylord Container Corp
5% ft conv preferred-
800
64 %
"63
Gar
8,700
Jan
22%
par
preferred
$3
150
9
28%
28%
5
•
May 29
No par
(The)
Co
r
24
19
Jan
2
preferred
109 %
54
52
52%
1,100
71
72
9%
28-%
"63%
109
"107%
9
8%
28%
15%
19
<
Dec
Apr
18
1
20
(The)
Inc
Co
6ft
»
Nov
17%
28% Apr
103
No par
Gair
9
38
Doc
Aug
27%
105v
17
7
13% May
Apr
107% Apr
cl A
Gabriel Co
5,500
3,700
7%
6
17%
28%
9
28%
6 %
May
Jan
19%
22
(Robert).
2,100
6%
15
17%
32
Jan
10O
23% Mar 27
Co
18%
6 %
17%
May 10
7
38% Mar
16
preferred
17%
7%
6%
18%
14%
109
2
42% Jan
Co
Trailer
22% May 31
5
Mar 28
23 V# Jan
Corp—
Sulphur
Jan
25% Jan
Dec
108% May 15
F'k'n Simon & Co Inc 7ft
1,300
17
104
107% May 14
41
Jan,
4
30'/# Feb
2
A
Francisco Sugar Co
2,200
123
Jan
par
preferred
prior
40
8
6'/a
17%
6
6ft
145
52%
Dec *
14%
par
Corp
preferred
Foster-Wheeler
40
122
Steel
conv
"141
52'%
47%
23
Machinery Corp
26 %
122
44%
Jan
Fair Stores Inc
26%
52%
Jan
Jan
9%
par
No
5ft
26%
122
33 y4
21%
2
No par
Co
Food
5,000
40%
8
7
No
Food
38 %
145
May
No
700
38
17%
"18%
Follansbee
Dec
16% Feb
28% Jan
——
Stove
Dec
2b
Stores
preferred
6%
57
—100
(The)
300
38%
-
Co
Dec
Jan
33% Mar
I
1,900
63
20%
77
"40
8%
$4
-
77
*141
,52 3 a
Flintkote
4,700
20%
17%
6
8%
"16%
121
8
62'%
38
"26
40%
51%
51%
119%
140
140
40%
50
119%
"7%
140
40%
50
"119
"107
National
First
900
17%
47 y#
2%
»
2
100
49%
30%
108 %
Apr
Jan
4
22
preferred
49%
30%
"107%
Apr
9%
<
42% Jan
Corp
30%
Dec
84% Aug
13% Oct
■
21%
1
28
5
70
Feb
;6%
Dec
Jan
12% Mar 26
9% Jan
No
preferred
108%
19
14
:
10
Dept Stores
conv
Enamel
7% May
2
5
Firestone Tire & Rubber
107
4% ft
Jan
23% Jan
Fidel Phen Fire Ins N Y
61 %
6
No par
37%
"106'/a
19% May
57% Apr
2
Motor Truck
"27%
62
34
24
5
104%
Ferro
15% Feb
2
15% Jan
I per shore
25 V# Jan
Federal-Mogul Corp
38
107%
11% Jan
.
42% Jan
No par
30%
"46%
Highest
S per share
par
Mln & Smelt Co
108 %
*
1014
20
$6 preferred
Federal
400
.27%
"106 %
78%
12
S
No
106
"61%
107 %
46%
16
2.50
37%
58
24
Mar
Jan
3
"105%
106
Apr
88
CO—
Fajardo Sug Co of Pr Rico
29%
11%
Jan
83
27
Farnsworth Televis'n & Rad Corp_l
Federal Light & Traction—
15
50
36%
9%
19
86
Corp
Fairbanks Morse ft Co
4,000
106
36%
29%
11%
,
105%
37
"29
38
22
105%
61%
"106%
7%
•
28
68% Jan
>.5
Exchange Buffet Corp
57%
107
.
1,200
62
"106%
•47-
"6%
57'/a
62 Va
Cleaner
7'%
57'%
57%
Vacuum
Evans
Ex-Cell-O
Products
12% Jan
18% Apr
50
4,200
27%
62'/a
Eureka
8,000
par
RR Co
2,300
27'%
57%
Pitts
$ per share
J per share
Par
1
-
prel series A_
Erie &
L
•
No
18%
22%
Year
Lowest
106
"%
j
54
27%
58
5ft
:■
common
18%
27%
,62
RR
53%
.27%
62
"'56%
14%
# '•
.•
18 %
"36%
Range Since January 1 '
Highest
i
Lowest
53%
♦105
37%
"105%
14%
600
92
14%
15%
105%
11%
.
81
,,
Erie
62,400
54%
*
■
12
80%
r.;\:
•
31
31%
'15%'
X28%
29%
Range for Previous
STOCK
"6%
"36%
s
"29%
YORK
EXCHANGE
18
7%
22
NEW
53%
55
"105
37
for
Shares
18 Va
"89
02
14%
19%
54%
7
16%
80'%
"89
14%
55
%
7,
'15-
14%
14%
54
.
J54-
"53
.92
18%
,
'
'•
,6%
-
s
14%
92
14%
17%
80%
*
"88%
Sales
the Week
'
'
17%
RECORD
PRICE 9
Wednesday
May 39
per share
.share,
$ per
i-
May 28
•
AND
2457
10
1
(modified)—100
Jan
20% Jan
2
15 % Jan
38
2
2
33
Feb
28
18% Jan
2
Feb
17
154
X30
Apr
9
7% Jan
4
Jan
13
107
27
2
Apr
33%
15%
26% May 31
11 %
Mar
Apr
,D&C
22'/# rDfC
16%
July
* Mar
19
110% Jan
12
106
Apr
111
1110% Jan
12
102
Jun
109
Dec
22% Mar
6
Apr
21
July
Jan
152
Dec
22
105% May 18
107
Feb
,
,
t
155
Apr
2
37% May 28
16
10% Feb
112
May 16
15%
138
'
~5%,
104%
Jan
Jan
July
"«%
no
July
s
Monday, June 4,1945
FINANCIAL CHRONICLE
THE COMMERCIAL &
2458
RECORD
NEW YORK STOCK
Range for Previous
STOCKS
LOW AND
May 29
May 31
May SO
June 1
share
11%
11%
11%
11%
11%
11%
2,300
Hayes Industries
7%
77b
77 b
5,700
Hayes- Mfg Corp.;
Hazel-Atlas Glass
*11%
11%
11%
7%
7%
7'%
7%
7%
7%
7'%
111%
111%
111%
112'%
111%
111
24%
25
80
»
25
80
*78
*177
"111
177
177
*177
*77%
80
80
*177
29%
29 '/a
29%
29%
29 ?b
30%
30
30
29%
90
90
90
91'%
90'%
90%
90%
90%
90
133%
*131%
132'%
*131%
*131 '/a
133%
*124
125
*2978
30%
*25%
26'%
47%
46'/a
*17%
24%
*17%
17%
247 b
■
*29%
*24%
11
115
39
Jan
11
42
May
—No par
Household Finance- ———-No par
2.
23% May
25% Apr
17
103 % May
21
47'%
*46'%
47%
22%
227b
22 7
h
;
*46 Va
47'%
400
22%
2,800
22
25%
26%
26
:
10674
10674
107
77%
77%
*76
16%
16%
16%
167 b
16%
17%
16%
177b
%
40%
40%
40%
407 b
41
40'%
40'/a
4%
4%
4%
4%
4%
17 %
40%
40%
1,200
4'%
47b
17,000
16'%
17
1674
17%
1674
1674
30
29%
30'%
29%
30
29 ?b
30 Va
29 ?b
30
28%
28%
287b
29%
29»%
29 7 s
28 Va
29%
28%
29
4%
4%
4%
474
47b
474
v
5
:
5,100
Hud
34%
35%
34%
34 %
35
35
35%
37%
3774
36%
37%
357b
37%
35,500
70
70
70%
71
70%
71
*70
72
70
71%
1,600
85%
85'/a
86
86
*86
8674
86
86
"32 %
33%
*32%
33 %
33%
34
33%
34
337b
*23%
23%
23%
24'%
24
24 %
24'%
24 74
247b
24%
*48
48 %
48%
48%
48'%
48'%
48
48'%
48
49 V»
*105
106%'
106%
*105'%
106%
119'%
119'%
:
33%
119
*6%
9%
194
196
*193
87
183%
184
96
96
*13'%
*45 %
41%
*407u
41%
*135%
137
*128
29
29
29%
193'%
88%
184
22 %
4%
81
6%
22'%
36
x35%
6%
35%
184
'
34%
30%
29%
30
96%
96%
96%
97 '/B
14'%
14%
88'%
89
45 Vb
47
41%
41%
*125
29%
42 Vb
*132 7b
139'%
29%
29%
42
138%
*130
29%
297b
24%
25'%
29'%
29
29%
24%
25
247b
24
24'%
25'%
*25
25 %
*25
2574
*37%
38%
*37%
38'%
37
37%
*37
37'%
*148
*36 %
37
*36%
*
118%
118%
118
109 %
*109'%
110%
'
*120
'
*120
33%
33
*90%
33%
91»%
*90 %
104%
105
*103
33%
x327b
34
.,*91
*10374
29
29'%
x287b
287%
28 ? b
287 b
287b
28 7b
*26
26%
26'%
26'/a
26%
26%
*2574
26%
,
33 74
18,700
Jones
100
5%
400
5%
93
104 74
28'%
2874
1,300
*25%
267b
400
Joy
Apr
27
180%
Dec
Feb
21
1%
Jan
3%
Aug
7
15%
Jan
18%
Jun
80
24% May
84% Mar
Dec
Dec
>■
Jan
1
4%
Jan
% May 8
140% May 22
30% May 29
25%
Apr
130
13%
Feb
21%
Dec
1
66
Feb
94
Dec
65
5
7% Feb
36
97% Jun
Jan
6%
Jun
32 % July
136
Oct
Sep
56%
Jan
93
Dec
Feb
135
Jan
20
15
92
Jan
•
2
5
42% May 31
.
2
134% Jun
1
137% Apr
18% Jan
19
137% Apr
19
2
31% May
11%
18% Jan
2
31% May
11% Jan
17% Jan
2
7
25% May 18
19% Jan 24
36% Mar 27
26% Apr 24
9
41% Jan
Jan
145
12
117
Jun
Oct
'
150
May 16
Dec
20 % Aug
15
Apr
20% July
15
Jan
20%
29
Jan
45
July
Jan
144
Dec
138 V*
Dec
Apr
387%
Aug
111
Jan
23
107%
Jan
1127b
Nov
101
Jan
2
123 7b Jun
1
84%
Feb
105
Dec
31
Jan
25
37% Mar
1
30
Nov
109'% May 31
112% Apr
17
102
25
RR
pref series A
pref series B conv
Co
82%
Jan
—12%
Johnson
Chicago
Mfg
Apr
Jun
3474 Jan 22
79
92
Nov
Feb
67%
165%
43
-100
327b
33%
104
188
154%
7
90% May
Jan
Feb
90
x92
195% May 19
35%
39
stamped__100
_No par
& Laughltn Steel
Xl04
10% July
Aug
Joliet
93
Jan
12%
2nd preferred ser A— -—100
105
6%
47-
4%
105
8% July
1
10% Mar
92
290
&
40% July
Dec
105%
Jan
Jan
110%
,
Nov
Feb
110'%
_
Apr
6%
Jan
109'%
*120
29%
104
7%
Johnson
*120
Aug
12% July
8% Oct
39%
800
110%
Sep
Feb
68%
37 Va
109'%
Nov
165
x87
9% May
7% Jan
6
111%
Mar
71%
8
Dec
100
preferred
Johns Manville Corp
&
Jan
Oct
106%
14% May 31
37 Va
36%
Jun
42% July
47% May
37%
367-b
20%
89% May 31
100
4 74%
Dec
Apr
.No par
-No par
Jev/el Tea Co Inc
800
22
Mar 27
42% Jan
2,900
120'%
33%
1
preferred
Dec
Jan
9% Mar 26
79
40
*92
91'%
105
par
1
26
84% Jan
123 7b
122
109'%
23
19% Jan 26
11574
4074
114'%
122
*120
«.«-
Feb
129
77%
88%
Apr 11
6
8% Feb
5
24
Dec
Jan
158
9% May 25
4
2
Dec
56
35% July
50% Apr- 27
23
Jan
Nov
23 %
100
109
2% Jan
17
32 %
15%
7
May
14% Mar
Feb
Jan
8
May 12
94
178% Jan
28% Jan
No
173
Aug
46
20
120% May
6
25% Jan
28
187
par
Island Creek Coal
$6
74 % Mar 21
40
*39'%
114'%
*36'%
110'%
.
900
37%
19
173% Jan
1227b
40%
115%
119%
37
4,200
*
8% Mar 26
*11274
40%
120
Teleg
Foreign share ctfs_—
Interstate Dept Stores
Intertype Corp
1,400
29'%
257b
25%
Intcrn'l Telep &
*148
*112'%
40
115%
*112
115%
37 '/a
*148
*148
39%
39 %
39%
112
*25
6% Mar 28
2
i_100
No par
No par
No par
preferred
7%
3
2
No par
,——50
International Shoe.
International Silver-
42,000
6
5% Jan
No par
100
297b
8% Jan
37% Jan 25
104% Jan
75% Jan
15
—100
No par
100
600
139%
2
Jan
11% Mar 26
1
100
Paper
42%
2874
82
Canada——-—-No
134'/a
*125
29'/a
26
-100
427b
139%
29
2
Feb
preferred
Apr
Jan
10%
28
8
25% Feb
'28% July
16 Va Aug
24
37% May 29
35
8% Feb
1%
49% May 17
166
Jan
/
109 % Mar 16
104% Jan
100
May 19
2
par
—No par
No par
134%
42'%
139
*125
30
520
47
22% Mar
28
24
39 % Jan
par
Co
5% conv preferred—
Inter Rys of Cent Am
5% preferred-
3,800
89%
27
105
No par
Preferred ——————100
International
2,400
14'/a
139
2
International Salt
967b
137b
87
*45
22
19% Jan
Preferred
90
967 b
46?b
18% Jan
preferred——
Int Nickel of
22,000
13'%
*45'/a
May
International Mining Corp—
22,600
29 7'H
86%
*25
*148
35%
138%
13'%
*
Apr
87
Business Machines— —No par
4%
200
4,500
86'%
47
76
Hydro-Elec Sys class A——23
International Min & Chem
5
10,100
6 Va
13'%
25'%
24
22%
82
297b
*24%
24
22%
*137
139
139
30
Int
6,600
34%
35
139%
29%
4'%
:
Dec
24
International Harvester
440
184'%
6%
6%
Int
500
Jun
72% Jan
20
Interlake Iron
4,900
82
22%
139%
88
4
4%
82
*79
6%
87'%
184
184
22'%
81
139%
29 '/a
29%
193
19374
2%
11%
47% Jan
1
No par
Intercont'l Rubber
600
13,400
87%
6%
29
%
6%
193%
4%
80
107b
88
4%
10874
67 b
Jan
Jan
1
Intercheraical Corp
10
7
1%
6
37% May
Inspiration Cons Copper
Insuransharps Ctfs Inc
4'%%
,4% May 28
17% May 31
No par
100
July
16
100
500
10'%
10
183 %
*125
139 %
*132
108
194
4%
3,900
9
86 Va
86
47 %
*45'%
*108
87%
194
13'%
70% July
13% July
37%
19
3
Co
Feb,
Jan
24
A
Jun
18% Aug
Jan
19% Jan
par
Apr
47"% July
45
10
29% Jan
par
117
•V/2
7
Rayon
Steel
Feb
3000
45'%
9
*44%
45%
96%
96
*13%
13%
86
85 V'a
*674
4574
29%
29
29%
6%
10%
141
34%
*138
141
28%
6%
10 Va
87%
6'/b
3474
34'%
*138
107'%
7
137b
13%
9'%
*107%
22'%
*79
6%
13%
*9
108 %
81
22
81
*6'%
13%
Inland
Feb
5% May
Ingersoll-Rand—
6% preferred;
2,800
7%
100
Industrial
90
63
30%
20
100
1,500
$4.50 preferred
18
20
2
No
No
No
No
Oct
21
3% Jan
Indianapolis. Power & Lt
"400
Apr
18% Apr
43% Feb
1
3,900
120
90
90
9C
i 9'%
.
81
34
RR See ctfs series A
.
*170
45%
10'%
4%
22
21%
*79
*9
184
184
4%
4%
13'%
194
86%
86%
91
370
Dec
107% May 26
6
lines 4%
Leased
40
106%
*119'%
119'%
45%
108
7
9%
13%
46'%
*105%
1067b
119'%
*173
91
9'%
10
7
*105%
*173
•
OA
108
108
.
22
20
Nov
19 %
3
2
preferred series A
6%
12% Jan
34% Jan
'
Sep
21%
13% Jan
7
Apr
Jan
Co
Central RR
Illinois
2
66% Jan
28
Apr
14 % Jan
Idaho Power Co
35
37
16% Jan
119
47%
Jan
13% Jan
25% May 31
100
1,500
34%
36 %
42
25% Aug
23% Dec
13%
19
32% Feb
Hupp Motor Car Corp
34 %
20% Feb
Feb
36% Mar
8
49% May
17% May 21
—No par
7,100
36
86%
preferred——10(F
Bay Min & Sm Ltd
No par
non-cum
Hudson Motor Car—
24,700
34%
:
5%
.
2,900
47 b
•'84
•
Houston
20,700
16'%
47 b
preferred
100
Light & Power Co .—No par
Houston Oil of Texas v t C
25
Howe Sound Co—
S
Hudson. & Manhattan
100
374'i
"280
400
15%
5
Class B
1,700
%
77%
16%
4% :>• 4%:-
4%
26
107
15'%
*107%
% Jan
47% Apr
26 %
*9
20
28
53% May 11
78
12%
Dec
29% Feb
4
3,200
106%
*45%
July
125
Feb
2
(A)
Hollander & Sons
60
5074
26'%
9%
73
Apr
19%
18
25%
1167b
50%
50%
78
45 %
Jan
114
30% May 10
Jan
50%
106'%
13
23
(Del)
Holland Furnace
3,000
25%
116%
25%
117
117
51'%
78'%
*9
63
19
131% Apr
44 % Jan
25%
'25%
117
507 b
26'%
12? 8
15
116% Apr
25'%
107%
*44-%
Mar
15
*77
»on
2
41% Jan
134
17 % Jan
106
91
25
23'% Jan
Jan
10
10
—3
Holly Sugar Corp
No par
1% preferred——
:——100
Homestake Mining—————12.50
Houdaille-Hershey cl A
No par
78 %
91
15
Jan
Jun
128
134% Apr
300
117
—.
Feb
Feb
89
800
107%
119
72
Nov
27%
Apr
18
*17%
107%
*173
15
25
170
Apr
*17%
22%
*105
Feb
22% July
75% Feb
75
18
*45%
•'
130
Sep
Dec
80% May 16
8
1778
46'%
119
Jari
Jan
Mar
Dec
112
20%
24
91% May 28
31% Apr
500
227%
119
22
82
63%
160
177% Apr 24
4
22% Jan
Sep
4774
22%
*173
Jan
20%
2
77% May
2
71% Apr
Mar
99
8
25% May 19
10
20% Jan
170
Feb
2474
*76%
*
(C E) The
118
4774
46 %
'
Mar 13
24%
46'%
*
108
47
22%
*29%
8 Va
24%
22%
14%
9%
Jan
47
46%
40
Apr
2%
24%
51
26'%
Hlnde &
6%
8
47%
117
26
200
30'%
15
8% May
123
No par
Dauch Paper Co—
10
preferred
conv
12% F»'o
25
50'/a
26
$4
600
share
4
1
Hershey Chocolate
100
80%
127
——100
No par
preferred
6%
132
per
Mai- 26
17%
1774
25'%
25
"
*2974
30'%
Hercules
Highest
i
6
9% Jan
47
47
*116%
v..J
50%
*123%
'
Hercules
I per share
share
Hires Co
50%
*11-6%
*78%
80
125
*29%
30i%
25'%
25%
*46%
30'%
30%
*131%
132
80
124
124
125
125
80%
*79
80%
*78%
80
*78 Va
*122
preferred
Motors—-.——.—No par
Powder
-No par
non-cum
2,500
90f
*131%
7%
1,200
2974
■
W)
(G
Helme
10
■
25
15
25
100
Co-
Co,
Hecht
80
*78%
,
•£'U"'
1,500
247b
24%
25
25
25 %
25
*78
25
*77%
500
112
1117b
112
1
Inc
t per
I per share
Par
1944
Lowest
Highest
Lowest
Shares
$ per
11%
111
$ per share
$ per *hare
$ per share
the Week
Year
Range Since January 1
NEW YORK STOCK
EXCHANGE
for
Sales
Friday
sh'are
$ per
per share
Thursday
Tuesday
May 28
May 26
$
HIGH SALE PRICES
Wednesday
Monday
Saturday
__
—
—
100
Jan
10
27 7% Jan
24
Mar 27
91% Jan
197b Jan
_
2
9
41'/a Mar
6
*114% May 31
Apr
27
Sep
Sep
111
Dec
May
95
May
107%
90
3474
34
May 29
20%
Jan
28
Dec
92
May 22
May 28
58
Jan
80
Dec
66 Va
Jan
93
Dec
Jan
20%
Dec
21%
Aug
105
30'% May
9
28% Mar
1
10%
K
120
*118
123
*118
*118
*118
120
120
118
20
118
22 74
•
2274
227b
22%
22%
23
22%
2274
22%
23%
49%
497 s
497b
50
507b
50
50'%
5074
50'%
1,600
*20'%
217%
21
21
20%
2074
*20'%
207-b
207b
307b
307b
31'%
31%
317 b
X31%
317b
31
31'%
27%
27%
27%
27%
2774
*27
27%
277b
277u
800
24 7b
24%
2474
257b
24%
25
2474
25
247-4
25
38 7'h
38%
38 Vb
39'%
39
397b
X38 'b
39
38
387b
13,400
*257b
26%
25%
2574
267b
*25 7 b
26%
25%
257b
400
4774
47%
47%
48
48
*48
48:%
48
48
700
97b
97a
97b
76
77
76
*25%
48
9%
9'b
*76 7 a
78
29%
29%
29%
29%
*108%
109%
*108%
1097b
28%
28%
287a
28 ?a
*9
7b
10%
"9%
1074
*40
7a
42
57b
9 7b
777-4
*76%
'
30 74
109%
28 %
*28%
2874
*10V4
10 ?4
*107«
107b
297a
—
28%
.
4%'/e
*417b
41%
41%
42
43 74
43'%
43
43 Va
1,700
5%
54,800
574
5%
34 74
*52
52 7a
52
53%
13'4
35 7b
*110
.
14%
13
13%
13%
13 V,
35%
35%
36
2%
4474
45
41%
41%
42
23%
14 %
2%
2
14'%
•
*23
7a
2%
47%
43
42%
23 74
x22',a
15%
2%
48
7b
43 %
22%
1874
19
19
19'%
18%
19'%
59%
59%
607b
61
60%
61
8%
874
"49?a
50 ?«
*49%
90 %
90%
90
91'%
91%
91
194
34%
,
—
47%
8%
8%
8%
50 7 H
50 7
0
90 '.b
90%
9174
*192%
*3374
194
34 7b
*192'.b
34%
194
34
5274
5274
52
53
13%
13'%
13%
__
36
3574
35%
*110
w
2%
—-
43
—
__
—
—
15%
2%
47
%
Co
34%
22
51% May
5
19%
Jan
39% Mar
21% May
18% Jan 26
9
31% May 29
13%
Feb
17
Jan
22% Jan 23
28% Feb
20
Jan
18% Jan
35% Jan
10
22
45%
For
54 %
54 7a
55%
55%
56'4
46
45 7 «
46%
46%
47
footnotes
see
page
2463.
Dec
20 %
Dec
X26
Aug
24%
Jun
25% Apr 30
13% Jan
19%
Jun
40
Apr
29%
37%
Dec
22% Mar 10
27
May 15
19% Jan
24
Dec
33% Jan
8
48*
May 28
31% Mar
42
8% Jan
15
10% Feb
23
21
78% Jan
15
34% Jan
3
2
73
Feb
29 %
May 23
May 15
108
io
26
15
274
—
—
17
2%
Lane
Lee
600
Mar
26
8% Apr
7
112
24
Mar
5
28% May 18
Jun
Feb
3
Oct
9%
Dec
Dec
78%
54%
Jan
32
Dec
34%
Dec
108%
Dec
Feb
27%
Nov
108%
22
Dec
3.800
43
43
227b
_100
31 %
Dec
49 %
Dec
Jan
4
15% Feb
15
8
24
37
Feb
20
21
100
123% Jan
29
143
Mar
6
113
30
17
Jun
1
4%
Jan
8%
Dec
2% Mar 26
3
Jan
2
1%
Jan
2%
Dec
Dec
conv
i,
50
No par
preferred
Corp
(The)
.50
8%
Corp
Libby
13,400
Libby McNeill &
100
Life Savers Corp
90
800
Liggett & Myers Tobacco
91
89%
90%
56'%
55%
56 %
1,900
Lima Locomotive
46 Va
46%
3,400
Link
Belt Co
Dec
15%
Feb
43% May 29
29%
Jan
38%
Dec
20 % Jan
23% Mar
21%
Jun
Dec
par
3
7
18%
Jan
17% Jan 22
19% Feb 28
17%
Dec
19%
51% Jan
24
65
42
Jan
53% Aug
7% Jan
2
May
5
9% Apr
47'/a Mar 28
52
78
Jan
2
78
Jan
3
100
181
Jan
5
195 % Apr
No par
32
Mar 28
38% Feb
No par
47% Jan
No
41% Jan 22
17
91
25
Wks
Dec
,
48% May 29
7
Preferred
46%
127
36% Jan 22
23
Series B
4674
Jan
39%
g
Lily Tulip Cup Corp
31%
22
(new)___.No par
52
Oct
12%
Apr
5
Lehr. & Fink Prod Corp
Stores
6% Jan
35% Jan
Jan
;
i
—
90
100
Dec
Jan
Apr
12
*50
34%
x31 %
17 %
38
29 % Jan
90
*33 %
26
22
10
8874
34%
Apr
2
Jan
Libbey Owens Ford Glass—No
20
Dec
Nov
19
47
2,400
193
39
37%
7% Feb
5
61 Va
193
Jan
Jan
55% May 28
2
54% Mar
^
61'%
192%
27%
31%
35% Jan
24
61%
1,700
1
5
Jan
Lerner
8%
Oct
,10%
3
31 % Jan
4,000
8%
4% Apr
6% Jan
7,
44% May
30
19
507a
42
24
par
19
*49%
19
Jan
No par
;
Jun
Jan
;
13
25
Lehman
r"
500
par
No
;
Rubber & Tire
6%
3.100
*22 7a
37
Co..
(The)
Bryant
Portland Cement
4% conv preferred
Lehigh Valley RR__
Lehigh Valley Coal__
6,200
43'%
36
No
Feb
Lehigh
64,200
46
No par
11
Lehigh Coal & Navigation Co
___
46
1
& Co
55%
—
27
Feb
124
24
'
*53%
Apr
Dec
23% Jan
-__100
Co
19'%
*34
16%
117
1
18 7
8
Mar 26
5
22%
192%
—-
Jan
124
1
907b
—-
!
—
34
Inc
Gas Lt
Lambert Co
700
1,400
V4
87b
--
14%
*22%
61
—-
Laclede
1,900
46
Jan
Co_.._
Kroger Grocery & Bak
11,100
3574
—
9174
91%
i
34
52'%
147b
—
50" 8
90
5'%
347b
53
137b
—
—
*110
14%
2%
44 %
57 b
34%
*52 74
—
&
preferred--
(S H)
Kress
800
53
__
—
—
35 Va
*110
5'%
.
34%
54
6%
Kresge Dept Stores
417b
52%
1
3
1
(S S)
Kresge
10?B
4374
Va
23% Jun
Jan
••
*10
41%
5
22
B
Koppers
70
43
574
3
Jan
No par
Keystone Steel & Wire Co—No par
Kimberly-Clark Corp
No par
Kinney (G R) Co
1
$5 prior preferred
;
No par
1.900
417s
57b
Jan
13
Dept Stores
(Juliusi
Class
3,400
42 7b
34%
*3374
297B
100%
41 Vb
55%
*1927b
287b
42'b
34%
8 74
29'b
*109
20
117
No
Kennecott Copper
80
78
10
par
No par
;
100
Kelsey Hayes Wh'l conv cl A
600
9%
41
55
*23
30%
10974
109
Kaufmann
Kayser
3,600
42
34 74
13%
*76%
2874
55
13
78
29%
34'/4
*35%
*874
1097b
.
54%
*52%
9
9
City Southern
non-cum preferred
4*/c
1,600
2774
Kansas
200
307 b
*21
L of ser B
Kan City P &
12,700
49 7b
Stove St Furn
Kalamazoo
par
25
51
Mar
Apr
8 % July
Jan
49%
68 %
Jan
83%
67%
Jan
86%
174%
Jan
21
26%
Feb
32%
1
May 19
91% May 28
59% Mar
6%
39
25
Feb
:
182
Dec
Jun
Jun
Nov
Dec
1
36
Apr
52
Dec
7
37
Jan
44
Dec
■
Volume
16-1
THE COMMERCIAL
Number 4391
.
& FINANCIAL CHRONICLE
NEW YORK STOCK
LOW
HIGH
Monday
May 3«
stocks
Wednesday
Thursday
Friday
Sales
May 30
May 81
June I
the Week
21%
2174
22
21%
3174
32 74
$ per sJiarc
2174
2174
*3174
May 39
RECORD
PRICES
$ per share
share
21%
SALE
Tuesday
May 28
Saturday
$ per
AND
$
per
share
$
per
share
$ per share
22
21%
for
Range Sit
exchange
Shares
22
Par
Lion Oil
2,900
Refining Co
32
32
32
3274
32%
32%
32 3 4
900
24
237 a
23%
23%
2374
23%
23%
2374
2334
10,500
2774
27 V8
28
28
28%
277a
28
2774
27%
17,500
56 %
56%
5674
57 74
5774
58
57%
58 74
5774
57%
1.500
ijone
19%
2074
20
20 Va
1974
20
197 a
19%
19%
1974
2,600
43
48 74
49
49
*49%
49%
49%
50
50
50
1,000
Long Bell Lumber a
Loose-Wiles Biscuit
24 74
2474
2474
2474
2474
2474
24%
2474
24%
24%
5,300
Lorillard
l.ooo
Louisville Gas
172%
*171
1 (274
17274
*171
267s
267a
26 74
26 74
26
2614
*25%
2674
26 %
26 7a
5474
5474
55
55%
557a
5674
567-4
56%
56 74
57%
33 7 2
33%
33 74
33%
33%
100
*171
171
*171
17274
1%
172%
;
Cement
(p)
2
per share
11% May 12
17%
Nov
19%
Jan
2274 May
30% Dec
14 %
Jun
23%
Nov
40%
Feb
53-
Dec
87a
No par
26
May lo
50
Jan
6074 May
15 % Jan
6
25
4074 Feb
20
10
18% Jan
2
100
Qt el a
166
9
20% * ay 18
5074 hiy
25
4
2
277a m>
Dec
44
Dec
Apr
2034 July
151
9
1
:
16%
Jan
1774
51: y 18
Jan
28
2
17 614 11» )'
Mai- 27
52
50
i
Jan
237a Jan
No par
Nashville
}
23
I per share
13
.* i % Feb
1974 Jan 31
Highest
* per share
No par
No par
Corp
Co
&
2974 Jan
!
31
1944
Lowest
[ '< May 12
21 %
lay 17
preferred
Louisville
19% Jan
1
—
10,800
*32 74
Liquid Carbonic Corp
Year
Highest
I per share
No par
No par
Lockheed Aircraft Corp
Loews Inc
cttar
January 1
l
Lowest
27
1
Ranee for Previous
york stock
new
2374
H
2459
Jan
2074
165
Jan
Dec
2474
Oct
5774 Jun ' 1
M
*33
*33
3474
*152
*152
152
155
'33
*153
*153
5774
58
58
5874
58%
35 74
3574
3574
3674
36
36%
36
36%
109 74
*108
109 7s
*108
109 74
109 %
*108
19 74
1874
1874
9 74
*370
*370
426
974
974
974
*15
15 74
*15
15%
*1474
15%
28
28 74
28
2a %
23%
287a
8
17 74
17%
110
,
'
1774
474
4 74
4 74
4 74
4%
2,700
8%
8
8%
8
87a
16%
17%
17
16%
107«
25
24%
2574
24%
11074
*108 74
110%
X2474
16%
25%
*108%
25%
2674
2674
27%
27
1674
!
v
12,200
24%
24 74
8% Feb
20
18% jan
6
in
j
'
1574
15%
1574
15
15%
1474
15 %
7,600
Martin-Parry .Corp
46 74
46%
46%
46 74
46%
4674
2,800
Masonlte
30%
29%
30
30
30
30
30%
1,000
Master
2574
2574
2574
25%
2574
25%
257a
*192
195
2.300
196
No
Wks
9% Mar 26
Mar 26
47 %
1274
12%
1274
4674
4674
3674
37
13
13 74
13
47
12%
47
May
3474
34%
3474
3474
34%
33
33%
*2474
2474
2474
2474
24
24%
24
24
114%
*11074
11474
37
Jan
21
1374 Apr
20
Dec
Jan
25%
Dec
47a
13
277a Feb
16
12
195
3.5
Ape 20
874 Jan 4
113
113
377«
22
x21 %
21%
*2174
22
56%
5674
*5674
56%
277a
4,000
56%
a
38 74
2774
27%
27%
105 74
10574
10574
18 74
18%
18%
1874
18%
112 74
11274
*111%
1127b
2374
23%
23%
23%
112
233 4
24
1574
1574
15%
1574
15 3 4
*10174
104 74
*10174
10474
10274
10274
*9874
100
100
*9874
100
37%
16
105 l/o
107
*105 74
38
*112
23 74
38%
3874
39
39
39
39 74
3974
3974
18%
18%
19%
19
19 3 a
187 V
1874
Jan
Apr
61
19 74
61%
6074
6074
60%
6174
61
6174
42
42
42%
42
42
*41
42
42
42
<
Shoe Corp—
——1
Mengel Co (The).
—1
5%. conv 1st preferred!50
Merch &-Min Trans Co—No par
Mesta Machine Co
—;
—5
Melville
600
43
*43
4374
43 74
44
*43%
4374
43
43
»
900
10774
108
108
108
i
42
60 74
8
8 74
8
108
44
44
44%
4574
154
15274
15374
63%
64
63%
6374
17
17 74
17
1874
2 74
45%
109
111
4674
63V4
64
17%,
18
18
19
1,900
*109
111
*107%
111
*10774
111
111
*109
111
*109
111
*109
27
27
27
2774
7%
77a
2774
2674
27 3a
2774
27
27
974
3074
3274
101,500
*4374
44 7'4
500
29%
297a
400
94 74
400
874
8%
*45
4574
*45
*2974
297
*29%
2974
29%
29%
*29 7s
29%
92 74
92 74
93%
93%
93%
9.3%
b
93
*92
115
*114
115
115
115
*114
*ll'3
116
*113
116
*113
116
*113
116
*113 74
11574
*10974
11074
11074
11074
109%
110%
111
111
*110
115
6574
64 %
6574
64 74
6474
42%
4274
42%
44
44
407b
4074
41%
4174
4174
6374
6374
*4274
42%
*42%
3974
40 74
40
4174
*41%
413a
11474
63%
Preferred series
No par
30
200
ft
Morris
of deposit
70
98
114
3074
1,600
Motor
27%
27%
3,800
3674
3674
36%
36
36
3674
37
2,800
Corp
Mueller Brass Co—
Mullins. Mfg Co class B
$7 preferred
Munsiugwear Inc
Murphy Co (G C)
474% preferred
b
13
12%
1374
1274
103
10274
102%
1027a
28%
114
1874
102
28%
287a
100
100
*98 7a
100
98
114
111
111
111
18%
18%
1874
*56
57
*55
2874
2874
2874
1274
13
102%
*111
10074
18
57 74
*55
30
287a
*111
1874
1874
30%
27%
10074
98
*111
30
28%
*28
2874
2874
3174
27%
103
103
103
317
28%
1274
13
13
31
3574
3574
35%
40
2774
*56 74
20%
43
43
13
2,200
110
102
400
283
1.400
100%
60
111
X20V4
2074
21,900
43%
770
—
—No par
—No par
No par
100
.
10
No par
America
& Bro
Myers (F E)
56%
-3
1
-1
Wheel
Murray Corp of
7,400
18%
*5574
5674
2074
56%
18
18%
*
:
Product? Corp_
Motor
2
Jan
2
6
37
Jan
3
106 74 May 16
«
26
35
137
Jan
2
Jan, 24
Jan
3
53
Mar 24
1574 Jail 19
174 Mai" 27
4274 Mar 26
May
109
4
109% May 21
110
May 22
12
29
19% May
24 %
10874 Feb 27
47% Jan 12
Mar 26
41
32
a
23% Mar 27
31,« Jan 6
9 « Jnn 6
977b Mar 27
22
X82 74
11074
13
53
Jan 8
Feb 15
Feb 1
Jnn 5
Jan 5
Nov
1174
July
44
July
474 Mar
27
32 74, Mar
10674 Mar
11074
19% Jan
29%
Oct
16
21
Jun
1
.
24% May 18
113 7%
39
Dec
1767a
Mar
Mar 15
35% Mar
1
Sep
Jun
5
1374 May 29
May 17
Apr 28
Jan
10974
27
Feb
112%
DM
Apr
Apr
327*
Oct
237a Feb 20.
14
Feb
22
Dec
6174 Mar
;
6
47
Mar
2
2174 May
55% July
28% Nov
-
28 vj jail
Mar
108
-
97
Apr
18% May 26
10
Feb
112% May 23
103
9
24
May 29
16
May 21
104 %
13%
111
Sep
16% Aug
Dec
Oct
Dec
197# July
8
Jan
13
16
82
Jan
100
Apr 24
70
Jan
94
19
3U4
Apr
3874
Nov
8
8 74
Jan
1674
Dec
10574 Apr
101
x4174 Apr
May
.21
.
Dec
Sep
Oct
65 Va May
8
37
Jan
55%
Dec
45.74 May
9,
25
Mar
39
Aug
4474 Mar
2
27
Jan
38
Dec
107
Dec
30
107
Dec
97a Mar
1
6
Apr
31 7'b Apr
24
109
Jan
4574 May 17
160
Mar
6
Jan
63
12
1974 Feb 16
27a Jan
4
47%.May
7
11374 Jan
5
Mar 13
114
111 % Apr
24
97a May
7% Mar 26
109 74 Jan 4
2274 Jan 2
574 Jan 22
1674 Jan 22
36
Jan 3
2574 Jan 2
7974 Jan 2
11174 Jan 5
114 74 Jan
4
May
4974 Apr
774 Jan 23
Jan 23
—39% May 28
No par
2174 Jan 20
50
Essex..
Certificates
31
74
28
No par
-—No par
B-
preferred series O
-No par
Montgomery Ward & Co——No par
Morrell (John) & Co
No par
3974
30
2774
—10
$4
17,500
41%
41
41%
—
Monsanto Chemical Co—
$4.50 preferred ser A—
2,300,
45
Corp—
preferred series A—.
100
Carpet Mills
—
20
Monarch Maeh Tool——No par
90
427 a
4174
No par
10
.
7%
180
64%
*4374
I
Mohawk
110
114 74 .11474
*114
-3
100
Mo-Kan-Texas RR
35,600
31 %
4474
45
Mission
4,300
44 %
8
2874
44%
43 74
No par
74 %
$6.50 preferred-,
27-%
27 74
2774
4,100
119
29
8
2774
"so
*118
119
1
preferred series C—-—100
4% preferred series D—
-100
Minn Moiine Power Impl
1
4
8%
874
874
*118
30,
*11174
*111%
119
7%
8
7,74
2674
74
8%
8,74
*118
120
*118
111
111%
874
874
874
vtcl_
B
Minn-Honeywell Regulator-.
4% conv pfd series B-
111
120
61
Class
2,600
111
*118
93
29,300
74
2
45%
46
par
100
1st, preferred—
cum
Minneapolis & St Louis Ry—No par
Minn St P & SS M A vtc—No par
1,700
4574
27 a
2 74
27a
46
8%
Products—No
Steel
Midland
220
04%1
274
46
4574
5,600
.
1,000
62
1874
5,700-
1 55%
109
*111%
*11174
8%
17 74
155 74
Metropolitan Edison 2.90% pfd—100
Miami Copper.
-5
Mid-Continent Petroleum
10
180
;
i
44
44
4574
15574
540
28 %<
*109
109
*109
*
6374
*62
2%
2
2
274
45
4474
45%
15574
15674
8 74
23%
29
28%
45
154%
87 a
a 74
8 74
29
44%
*150
108
108
874
8%
28%
29
2874
28%
28%
108
108
*10774
8
No par
„
preferred series A__—-No par
$5.50 pfd ser B w w__
No par
8.900
74
6074
*4174
Co,
Jan
Apr
24
100
10
—
—
May
51.74 May
25 74 May
170
May 17
112
Jan 25
May 10
Jan 25
104 74 May 21
1374 Jan 25
109% Jan 24
1774 Jap 3
12% Mar 27
9874 Jan 12
94
Jan
3
35
Jan 2
14 74 Mar 10
547a Jan
3
33*/» Mai- 10
1
$6
1,100
18%
18
No par
Co—
...
preferred
Mead Corp
■
230
39
5
——
Stores
McQuay-Norris. Mfg.
30
10074
*3 8 74
1874
3,800
10374
*9874
100
5%
2,900
(
preferred
$4
McLellan
80
15% "1574
*102
102
100
'< 23%
No par
Inc
Robblns
McKesson &
4,700
112%'
W
Mclntyre Porcupine Mines
200
18%
Elec Co—
1.9%
HI74
8074
1974
52
100
—1
McGraw-Hill Pub Co.—
1,000 t
4.074 Jan 15
110 74 Jan 29
2774 Jan 22
No par
—•
Corp—
McGraw
1,300
-
107
1874
1574
157 a
102
3774
X2674
27 •%
277e
*
——No par
McCrory Stores Corp——:
5% conv preferred w w-
500
•
2374
«
20 '
38
567
1874
*11274
100
.1,400
3774
*104
1874
23
24
*213 4
57
2674
27%
10574
18 %
1,200
21%
11274
27
33%
24
11374
*11074
No par
.—
preferred.;
preferred
McCall
'
*3274
3774
*56
56%
$3
$6 1st cum
21%
22
10574
200
37
37
2174
*56
114 74
*110%
Maytag Co__—;
12,200
46%
Jun
37 74
5
327a Feb
4
2374 Jan 26
176 74 Jan
Department Stores—;
May
*111
*111
3474
*108
13%
*46%
13V4
*4674
*111
3574
3674
3674
13%
*46 74
47
*45%
*11074
*110,74
37
Oct
874
'
36%
36%
36%
Dec
Aug
16 74
mavt
167a May 14
40
100
1273
Dec
4
67b Jan
25% May 29
2774
.2.774 Jan
par
1074
—,—
21% Jan 22
1
_1
.
preferred
7%
3,300
Co
Alkali
Mathieson
:
10
36
15% Apr 16,
1874 Jan 22
—
No par
;—No par
Corp
Elec
par
100
Co
4674
*192
Jan
9
1574
195
2%
77a Mar
4674
*192
16
2474
8
*29 %
195
Feb
Feb
74 Mar
15%
25%
6%
1074
Apr
Dec
Jun
18%
4
(Glenn
Oct
391
8
2
30%
*192
10% Jan
Jan
16
May 18
2874 May 18
3
37a Jan
4674
2574
315
I
—, 5
1C0
15
191
22%
17
30 74,
2574
19
Jun
20
45%
191
Jan
1474
Jan
Martin
14,700
■
14
2
Jan
Field & Co—.——No
Dec
27
14
preferred ———4
May
Feb
19
,
24
474 %
Dee
38 7 u
10874
Jun
-5
Marshall
•
112
X2674 Aug
104
par
Marine
Nov
48
1
—
»
Dec
148
2274 Jan
1674 Feb
3
Mar 28
17
77a May
30
Feb
34%
Mar
..1
Mamcaibo Oil Exploration
590
25
24%
*109
No
Bros—*—.—
Manhattan Shirt
31.500
110
Mandel
110
Apr
Jan
135
Apr 3b
36% May 29
31 % Jan 22
50
1
Co
25%
May 31
May 29
59
Midland Corp..—
Market St Ry 6% prior pfd
100 '
1,100
.
8
24%
26%
2674
4,600
Mahoning Coal RR
Maaatl Sugar Co.,
4%
*103%
24%
24 72
*10774
974
14%
28%
10674 Jnn 24
No par
Copper——1„—4——10
Magma
874
8
8
974
2874
,
155
Jan. 16
47% Jan
2
No prr
100
Co Inc
pl'd series A
33 74
3
147
Madison Square Garden.!
100
425
147a
...
23% Jan
100
par
.—A'o
Inc
4,600
,
4%
474
4'4
*4 74
474%
18%
1574
9.74
Macy (R H)
1774
28%
974
6.800
17%
28*4
10%
36
1874
*1474
9%
Mack Trucks
18
18%
426
2,200
109%
10
Forbes
&
preferred™
58
35 74
*108
6%
30
X5774
18%'
*17%
19%
*370
426
5874
58
18
19
19 74
*370
426
*1774
18
*17%
18
*17%
*370
*108
58 74
MacAndrews
119
8
May
9
3174 Mar
8
974 Mar 19
32% Jun
1
4674 Apr
30
Feb
8
33
97!a May
115
Apr
8
13
119
Apr
2
111% Apr 12
657a May 28
Feb
21
427a Jun
44
1
23%
8% July
2874 July
Sep
27 74 Jan
11674
46
39
Jan
144%
Apr
1274' Oct
1%
Oct
27b
3674 Apr
105
46
Mar
114
10874 May
107
Sep
674 Jan
93 74 Jan
177-4
274
113
112
974
111
Feb
Jan
Dec
Dec
Dec
Nov
Dec
Oct
Jun
18%
Dec
397-j
Jan
1974 Sep
7474 Apr
11174 May
114
Oct
23% July
6% Dec
874 Jan
29,
Aug
5834 May
1974 Dec
Jun
25
8874
Oct
Oct
117
11974
Nov
107% Jan
Jan
Sep
113
Aug
537b Nov
4174 Apr
35 7'a, .Jan
2174 Jan
42
357a
,
Dec
Oct
4174 May 31
15% Jan
2474
Jun
2874 May 17
1674 Jan
2574
Dec
40
5
2074
Apr
33%
Dec
1
474
Jan
1074
Oct
32
May 17
May
1374 May
4
72
Jan
1
20
Aug
2474 July
10074 May 28
70-
May
84
110
Nov
105
May
28% Jun
115
Jan
4
100
Oct
Nov
11674
Feb
19
May 19
874
Jan
14%
Aug
6 7 74
May 16
43%
Jau
53 >/4
Oct
N
"
2074
2074
2074
21
2074
21
43%
44
43
4374
43
4474
25%
25%
25
2574
2574
25%
2374
2374
2374
241/4
22%
24
13
13
127-4
1374
1374
1374
1674
1674
1674
1674
1674
17
25 74
25%
25%
25%
25 %
25%
*
78674
137 b
186 Va
18674
190
13%
22%
13
*1374
--
2574
25%
2,900
23%
23 74
23 %
3,200
National Airlines
1274
1274
3,100
Nat Automotive
12%
13%
13%
__
1374
13 74
1674
1674
3,500
25%
25%
25%
11,400
*186
*22 74
187
23
186
22 74
200
227b
,
preferred———.
Bond & Share Corp
7%
200
186
Acme
Fibres Inc
6% conv preferred
National Aviation Corp—
National Biscuit Co
700
13%
16%
2574
—
2274
13
1674
—
187
*186,
22%
25%
National
*23%
—
--3
100
1
1
-1
10
5
i0
Corp
Chatt & St. Louis
Co
—:
Nashville
25 74
13%
-
43
Nash-Kelvlnator
Nat
*22
2274
*2274
16%
1674
16%
—
16
16%
16 74
1674
16 74
16
15%
*3474
3474
35
357a
35
35
35 Va
3,800
—
34%
Nat
35 74
16 V4
16
16
1,300
—
*15 74
No par
10
No par
National Container—
—
16%
100
■
__
'
35 74
16 Va
1674
16
1674
16 74
1674
1574
15%
1574
15%
15%
15%
3274
327s
32
3274
32%
32%
25
25%
25 74
25%.
*11%
24 74
2574
*1174
1274
*11%
12 74
42 '4
4274
41%
4274
41%
*4374
44
4374
4374
*43%
17%
18
17%
18
10374
*163
103%
*103
2774
2774
2774
18
103%
27%
27%
42%
187
188
18674
160
160
160
160
17'A
1774
2574
10%
*17
1774
2574
*25
2574
25%
26%
35
*17
*34%.
35
34%
35
10%
11
10%
7174
72 74
7274
1174
7174
71%
11
72%
1774
18
18
1874
18
19%
30
3074
30 74
3074
30
100
99%
*103
104
10374
18
18
100
100
104%
104
17%
*1174
1174
1174
11%
1774
18
1674
17
1674
16%
3914
39 %
3974
41
*105
106
*76
109
*10f
7874
7874
10474
•
--
__
__
—
__
;
—
117a
—
80
80
__
—
109
*10874
110
*108
109%
—
*108
10374
*108
108%
—
footnotes
see
page
2463.
Nat Distillers
12 74
24%
*11%
24%:
42%
44
44
200
1774
18
6.800
103%
2874
103
2874
103 >4
130
2874
8.500
186
185
18674-
210
160
158
159 %
170
*17
17'A
*17
•
26
25 74
35
*3474
35
2.000
26
3474
1074
X71%
187k
100 74
103 74
17%
11V4
10%
71%
19
10%
7174
18%
;
1,300
1074
27.600
71%
1,400
-29,500
197 a'
155
Service Corp
1
Nat Mall ft St't Cast Co
No par
National Oil Products Co—
4
National Power & Lt—
No par
Linen
National Steel
$2 conv
1,080
5%%
*10374
104 74
150
1774
17%
1,700
1H/4
2,600
11%
1674
1674
42%
*105
106
*105
106
*80
85
*80
85
109%
*109
*107
108%
1.600
—
(The) Pa
preferred—4—i.
6%
Tea
National
Natomas
40
preferred——10
preferred—-.
100
prior
prior
conv
10
No pa)
--No par
Co—-——~
Co
Nehl Corp
Neisner Bros Inc
4%%
conv
25
10
—-——J
serial preferred—100
,
400
,
20
110
10874
4,500
,
Corp
National Supply
4,300
42%
109%
177
—100
30 74
17
*108
—ju—i—-—100
10074
1174
(J J)
No par
preferred series A. v——400
Jersey Pr & Lt Co 4% pfd_100
Newberry Co
5%
New
.
24^ Jan
preferred B
3074
43
No par
-10
preferred A
10074
43
1
357a Jan 2J
37
Jan 2
Jan <t
102
Jan
»
7%
3074
18
No par
No par
.6%
-
100%
10374 '
10
preferred
Products
Nat Enam ft Stamolng—
National Gypsum Co
$4.50 conv preferred—
National Lead Co—
National
17 74
x25%
No par
—No par
Products
6%
12 Vb
16%
__
10874
For
6.900
25
42 74
30
1674
106
4,400
1
1
Co
National Dept Stores
.
__
43
Nat Dairy
185
__
1874
*105
106
*105
7874
11%
16 74
x41%
100%
National Cylinder G us
5.700
*158
__
30%
99%
3,200
18
27%
188
162
15%
3274
4474
*103
—
28'4
188 74
1574
3274
4274
17%
__
104
1574
41%
__
Cash Register
3274
*43%
—
18%
24 74
*1174
—
46
*160
*34 '4
»
__
1274
*187
*17
32
—
4
National Can Corp
34,300
■
15% Jan 20
36% Jan 2J
20% Jan 2
15-< Mar 27
9 /a Mar 28
11% Mar 21
13% Jan 24
2374 Mar 26
182
Jan 5
20 % Jan 23
• 13 72 Jan
2
31% Apr 6
12% Mar 9
13 • Jan 4
2 4 74 Jan 2
2174 Jan 22
11% May 5
/»
Jan
/
5
Feb ;;
16 /a Jan
21
33
2
Jan
Jan
% Jan
Apr
15
Jan
27% Jan
,05
4
2
4
2
R
6
»
9274 Jan 15
9774 Jan 17
10% Jan
10 /a Jaa
3
3
15% Mar 2R
80
Jen
F< b
66
Jan
107
Apr
105% J.in
10$
6
4
3
4
11%
Apr
28
Jan
41%
Dec
1374
Jan
2074
Deo
May 18
18
Dec
197a
Dec
1374 May 15
9
Jan
13 74 July
1074 Nov
137a July
157a Dec
2274 May
7
Mar 15
45
26% May
25
5
1474 May 15
liV* May 18
26
May
9
97a
17% July
Jan
207a May
2474
Dec
Apr 24
165
Mar
181
Doc
?3% May 2
1674 May 28
18
Feb
21
Dec
192
874
Jan
17%
Apr
3674 May 21
26
Apr
34
Dec
1674 May 18
X10
Sep
15% Apr
XI174
2374 Aug
14% Dec
24
x3274 May 18
26 7'a Feb
28
Feb
1974 Jan
1374
25%
{
Jan
12% Mar 14
437a May
3074 Feb
2474
1174 Jan
4
26
Jun
44
9
1974 May
37
Feb
19
164
May
141
Jan
18
Feb
16
Dec
Dec
2574
Feb
163 *
2774 Feb 20
1774
15
2874
Jun
574
181
159
Feb
Feb
*
Dec
34
7 74
Jun
Jun
Dec
5774
Feb,
70
1
19% Jun
S
23
4
mnv
7*
Dec
22% July
1
Apr
Apr
11% May,22
37
Dec
10474
Jan
May
2974 May
Dec
14% July
Jan
192
Dec
Mar
3774 May
;
Jan
87 74
106v4 May
12
1174
Feb
17% July
1
July
2474
Nov
10074 May 29
79.74
Feb
95
Doc
10474 May 28
83 74
Jan
98%
Dec
574
Jan
11% Nov
Mar
1174 July
">r
22% Mar.
6
12% Feb
24
1»74 Anr
18
x43
May 29
10874 Mar 12
80
may 29
9
307a Mar
-
1R% July
1374
Jan
22
Jan
32%
9674 Jan
105%
56
Dec
Oct
Jan
68
Nov
Jail
26
106%
Dec
110
Jan
10874 Apr
28
104
Dec
106
Dec
110
Monday, June 4, 1945
CHRONICLE
THE COMMERCIAL & FINANCIAL
2460
RECORT
NEW YORK STOCK
Range for Previous
STOCKS
:•*;/
May 26
37
,v/.-
37
•
23%
*23%
>•
37
•"■;
f
share
per
23%
Thursday
Friday
May 30
May 31
June 1
the Week
share
37 Vs
■■>*
.
25%
17%
17%
'mm
111
*109
112
*109
110 Vs
'mm
48
48
48
48
48%
16%
28%
I
66 Va
134
35
*46
50
*180
188
*184
18%
*184
190
43 Vs
19
43%
43%
j:
237
238
239
123
*121
121
237%
121
,
23%
24%
24%
55%
55%
55%
55%
55%
*56 Vs
56%
56 Vs
56%
56
56%
is
10%
10%
10 Vs
10%
10%
10%
;!
*109%
,
27%
28%
35%
22%
2,000
300
New
50
*49
50
187
188
188
30
19
2,800
44
44
300
237
239
750
44
44
237
..
239%
*120%
x23%
mm
'
122 Va
24 %
Adjust 4% non-cum
North American Co
16,9ou
31%
30%
31%
30%
1;
112%
112%
*112%
112%
*112%
34%
35%
49%
50 Vs
i
49%
49%
*48%
*9
,
49%
9%
9 % <•:
•
35
34%
35
9%
9%
9%
112%
112%
112%
30
36%
35%
36%
6,000
:|
*52%
52%
*52%
52%
*52%
52%
*52 Va
52%
52%
it
13%
13%
13%
13%
13%
13%
13%
13%
13%
Jan
Mar 26
188
37% Jan
States Pow $5
Northern
Airlines
Northwest
....
198 %
Jun
Jan
23V4
Dec
44% Feb
20
Jan
21
33%
Jan
47%
Jan
2
240
121
Jan
8
124
2
7 9%
105% Jan
Sep
May 14
193%
Jan
218
Mar
2
Dec
116%
Jun
122%
Dec
24% Apr
17
15%
Jan
19%
58% Feb
Dec
23
31
112% May
May 12
116% Mar
4
Oct
100
Jan
22 %
Dec
112
3
Jan
Xl3%
31% May 26
Apr
106
Dec
Jan
115%
26% Mar 27
37
May 31
17%
Jan
31%
46
52
Jan
11
37%
Feb
50%
11% Jun
1
4%
Jan
Jan
10
,;;7
40%
Jan
53
Oct
3
14% Feb
19
12% May
16
Jan
12
111% Mar
7
104% Nov
109
Dec
20% Feb
28
Apr
11
6% Jan
2
;
No par
50
Norwich Pharmacal Co
2.50
12% Jan
100
107% Jan
Preferred
110
9
17% Jan
—50
Telegraph
Norwalk Tire & Rubber
1,100
129
14 V*
219
pfd.No par
No par
Northwestern
20
1
Jun
Dec
24 Vs Mar 14
18% May 24
100
Northern Pacific Ry
6,600
13%
30 Va
Dec
Oct
*112%
v-
50
18% July
44% Dec
Dec
mm
11%
52%
Jan
100
pfd
Northern Central Ry Co
10 Vs
11%
Mar 26
7
Apr 26
11 %
mm
10
162
23% May
Jun
50,300
9%
41
29%
7%
31%
'
2
Jan
1
29%
"
Jan
24 Vs
113
11% Mar
30%
■mm.
17
Dec
8
'
20
30%
200
39% Jan
Jan
Jan
North American
*
2
Dec
35%
Jan
1
50
100
*109%
50 Va
28% Jan
23%
19%
62
Aviation
mm
50'/a
28
56
mm
50%
135 Va Apr
54%
8,600
50%
23
32
Jun
10%
-mm
22
Dec
Jan
10%
mm
69% May 28
Jan
Aug
52
10%
37
21% Jan 22
103 % Jan
Dec
50 Vs
51%
mm
.36%
'
Jan
6
mm
112%
!i
Apr
15%
Mar
mm
*109 %
35%
56
mm
31%
97
15
May 28
29 Vs
6
mm
*109%
*109 Vs
__
30%
12
51 Va Feb
5
5%%
10%
110 Vs Apr
16
6%
400
mm
109
9
Mar 22
53% Jan
700
56%
V"?''*
Jan
Jan
Dec
July
Va
53% Jan
55
*56
mm
18
10
55
56%
■
22
Jan
50
50
24%
55 Vs
mm'
Apr
13
share
35
preferred series
preferred series-
23j/4
55%
•
■
y—
,-J
Apr
16%
19% Jan
*55%
mm
'
>
27%
11
45
ver
28
18% Jan
1
Corp part stk
Y SUpblfig
Noblitt-Sparks Industries
Norfolk & Western Ry
50
122%
*120%
& Harlem RR Co
N Y
N
Highestt
22
109
No par
No par
—50
i
1944
I per share
16% Jan
-100
No par
preferred
$5 non-cum
300
50
18%
York Dock
N Y
187
19%
i
Louis Co
preferred series A
City Omnibus Corp
6%
4,700
22%
*35
35%
23
Central
York
N Y Chic & St.
6,000
67%
134
133
,
Lowest
share
39% Feb
Year
•
25"% May 29
22
18% Jan 25
No par
No par
100
York Air Brake
New
147,200
29
66%
67%
4,600
+
mtm
.
mm
24%
*55%
-24
35
*22
--
*mm
mm
122%
r'
New
*47
133Va
19
mm
239
!(
23%
132
mm
♦120%
48
7,000
mm
mm
18%
43%
*42%
mm
17%
109%
:
I per
share
Jan
33
Newmont Mining Corp
2,000
24%
66%
■
■
m
19
500
24 Vs
109
mm
50
18%
*42%
.'**236
fv
r
50
190
•,
18%
j;
I'V
23
*46
!•
mm
35%
mm
mm
35%
100
47%
25
27%
mm
mm
23
17%
109%
36%
*47
mm
mm
35%
•>21%
*
mm'
mm
'mm.
>.
69
23
35%
23
17%
109 Va
36%
17%
mm
'
mm
135
50
35
*21 Vs
i
135
133%
28%
67%
134%
69%
66 Va
134
28%
29 Va
28%
28»/2
65
L
17
16%
16%
# per
Par
10
Newport Industries
-1
Newport News Ship & Dry Dock—1
$5 conv pi eferred
No par
37%
25
V %■'> 48
EXCHANGE
Shares
f per share
36%
"
mm
*109
i!
1 per snarp
per snare
37%
25%
';■•■ ,37 Va
25%
per
Range Since January 1
Highest
Lowest
STOCK
YORK
NEW
Sales for
> May 29
May 28
1
f per share
Wednesday
T"f!sday
Monday
Ratnrdfty
"'50
Mar
54
17
Dec
Dec
juiy
O
18%
!
18%
29
18%
18%
*108
109
109
109
*108
29%
109
18%
'
■29
28 3,s
ij
26%
24%
'24%
'
15%
114%
*160
♦75
mm
66%
15%
15%
18%
18%
14,200
29%
29%
3,500
111%
111%
14%
14%
14%
mm.
■'
'mm
;
mm
—-
'•
•"
>
4Va%
18%
17%
17%
5,700
27%
27%
4,000
Otis Elevator
14%
6,200
490
115
114%
160 Va
*25
mm
—
67
mm
67%
67%
15%
*14% *
13%
13%
15%
13%
13%
13%
56%
56%
57%
56%
56%
27%
15
67%
6%
preferred—
15%
800
13 Va
13%:
400
r
Pacific
56%
56%
660
>.
•;
28%
*
Glass
Coast
28
28%
29
28%
590
39%
39%
39%
39%
39%
39%
39%
39%
39%
39%
15,300
51%
•51%
51%
51%
51
51%
51
51%
51 Va
51%
1,500
*47%
47%
47%
49
49
51%
7,000
Pacific
47 Va
*129%
130
130
171
'170
47%
170
6%
*19%
7
6%
20%
6%
6%
l'Va
21%
21 Vs
*14%
131
*170
171
7
7
7Va
*20
108%
5%
5%
65%
65%
*65%
32%
;41%
2%
19%
*71%
72
72%
>
72
*120
29
28%
*13%
14
13%
5%
6
73
*23 V.
<25
73
;r23% '23%
*112
•
,U*29 >:
•
39%
39
40%
36 V
*35%
36
'84%
*83'/a
17
17 V.
16%
36
84-
22%
18%
23%
19%
23%
37%
23%
37
37%
37
38%
38
•96%
*28
97
96%
108
10%
10%
•10%
C
23
11
10%
23%
27%
27%
111
*119%
37
*110
10%
X23 %
\
28%
27%
63%
i:
27%
120
37%
X36%
37
111%
*110 V,
51
*17%
18
29%
*29
16%
•113
,
51>
"17%
16%
29%
*107%
108
*117
135
6%
84
*83%
9%
*8%
94
94
18%
19
*103
7%
10
105
54%
55%
83%
83 Va
32%
33%
16%
*90
22%
*26
*200
205
9%
105
10
105
55%
56%
84
84
33%
35
16%
16
16
92
*22%
*26
23%
27%
*15%
157a
15%
15%
19 Va
19%
19%
20%
20
20
*19%
*57 Va
*29%
! 20
60
*59
61%
61
61
61%
112
*119%
16%
*16%
*113
50%
18
*1101?
30
112
17%
29%
*
-
17
,
.
-
29%
*17%
108 Va
*107
300
*117
;
300
-
600
135
82%
8%
*93
84
83 Va
8%
8%
95
18%
95
19%
19
205
*200
7%
7%
10%
10%
.:—
—
l7%
10 Vs
*103
*83
56%
83%
%
35%
--
55%
__
i—
*83
—
,
..
34%
*195
—
io%
16%
"
r
94
22%
26%
1
83%
84
8%
f.
23
—
26%
'•»
\
19%
20 Va
*19%
20%
*58
..
,v~
112
9
•
95
9
94
19
■
-••;.
—
2,700
250
18%
1,000
*192
205
*200
7%
205
7%
7,300
mm
*103
57
56%
83%
*81%
34%
r^-mm
10%
1,500
'•
;
m
m
*
■
30
"
57%
2,950
.84
30
35%
13,200
16%
1,400
♦195
16
.
92 Vs
92%
70
22%
1.400
26 %
*26%
15%
19%
20
•110}*
27%
300
16 Vs
2,000
Co.
Pressed
conv
58%
58%
100
5%
conv
61%
62
O
.mm
/
'
"
3,500
Procter
5%
&
Apr
-
7<
-
Jan,
13
33% Jan
■
16
2
2
Jan
30% Jan
18
Jan
113
Dec
Dec
Nov
24%
•
Dec
17% July
5
18%
r~
"■
>
Jan
i>-
Jan
Nov
Dec
:Jan
112
1
55
Aug
*70Va
'
21%
May! 5
19% Feb
13
33%
Dec
-
32
>
Dec
:
*
5%
Jan
70%
Dec
17%
;
Dec
26
Jan
2
;22Vs
Dec
26%
Dec
19% Jan
2
38% Apr
24
10%
Jan
19%
Dec
92% Jan
19
Apr 20
54%
Jan
T16
5
108
Mar 22
100% Apr 23
8
2
9% Feb
9% Jan
2
11% Mar
1
22% Jun
1
;!
33% Jan
I 96
■
-•
23% Mar
105%
Oct
7
Dec
65 Vs
Dec
28 % July
Sep
107 %
:
Nov
9%
Jan
3
Jan
28
/
24% May
5
25
40 Va
25
Jan
23
29% Mar
1-
50
20%
Feb
57
Jan
25
64
49 V*
Jun
par
106% Jan
59%
2
112
21 V« Jan
88 %
Jan
par
No par
108%
Dec
2
26
May 22
May 9
% May 29
■
25
21%
Jan
2
28% Apr
26%
Oct
No
10
loo
par
5
Jan
X119V» Apr
9
31% Mar 27
122
6
113
14% Jan
20
111
Apr
17% Jan
Mar 29
44% Jan
120
20
May 23
30
May 11
2
1
B
Oct
July
16%
Nov
117
48% July
/
14%, July
July
Dec
2
5
,
Jan
8%
Mar
1
61,
Jan
92 Va
Dec
19
7%
Apr
10%
Nov
7
68%
Feb
90
Mar
20
205
Apr
27
6VsJan
4
9
Feb
19
4%
Jan
8% Jan
2
1
6%
Apr
May
Dec
,
Nov
10% Mar
Mar 10
Feb
Jan
;__™"l00
20
2
105
May 28
58% ,Tan
,
84
5
3
May 28
35% May 29
11%
Jan
17
'Dec
364%
68
21
July
96
108
96
49% Mar 27
1
9-
Sep
Apr
2
99
"100
Feb
Jan
42%
31
100
pfd
>
Nov
94
15
100
A
11%
X98
Jan
190
Oct
37
10% Feb
26
8% Mar 22
100
Va
119%
28
8 % Jan
15% Jan
Feb
Dec
Feb
May 22
85 Vs Jan
:82•
Dec
23%
28
Feb
1
•
Dec
26%
105 Vs
108% Feb
Hbo
No par
n0 par
6
May 24
100
6 Vs
8
Mar
Jan
>
6
30
55
25
82
Mar
2
107
100
19
107% Feb
Jan
23
Co—No par
No par
Apr
71
Apr
May
23% May
117;
Apr
24% Jan
38
4
90
Jan
100
t
19
16
May 4
116% May 28
11
Pa
Jan
171
Mar
183
Apr
190
Aug
82
>
45
Sep
Sep
57% May
11% Jan
175
Nov
6% July
•
9% July
100%
Dec
61%
Jan
•73
Dec
22% Aug
175
Nov
12 Va Jan
19
74 V* Jan
27
17% Jan
2
25% Apr
30
16%
Sep
19% July
par
24% Jan
3
28
par
27
12V* Jan-
19 V*
Jan
25
8
—1—5
Pocahontas
No
B
Co
Inc.™
1st preferred
2d preferred
Gamble
(ser
59 Va
>
25% Mar.
19
85
-106% Jan
100
Car
110% Mar
May 29
No par
pr
■
21% Mar 27
25
class
Mar
Jun
8% July
20%
29
39% Apr
30
No
conv
93% Feb
;16
Ap^ .18
40
c
23
ioo
class
•
40% May ,29
<
6
14% Jan
May
113
37% Mar 28
Jan
loo
Steel
pfd
;13%
6
(The)
Co class
5%
May 17
29% May .19
2
Preferred
400
123
10
69
3
Plymouth Oil Co
9,000
9
Mar
Apr
Louis RR
preferred
5%% 1st ser
19%
Apr;
No par
5%
19%
51%
Jan
lnc
Pittsburgh & West
Creek
May 28
.26
a
preferred
&
72
.63
No
Pittsburgh Steel Co.
Poor
5
5
ioo
Chemical
23%
•
Apr '
May
new
Pitts Screw & Bolt:
Pond
15%
Dec
31 Va Aug
>
>
Jan
.7 112
preferred..
19%
61%
112
&
Feb
4%
Dec
2%
24% Mar 12
5
com—^
preferred
Apr
18%
15
26% Mar 19
preferred
Pittston
i
Apr
>26%
33% MayT7
27% Feb 28
9% Feb
22
Jan
12% Apr
>
8
1%
•
3
Pittsburgh Forglngs Co..
Pitts Ft Wayne & Chic
Ry
1%
1
3
Jan
;
C & St
Coke
! 5
6% Mar
2% Jan
,
Feb
100
preferred
conv
29% Feb
21% Jan
i
Dec
-
37% July
••.'•
Jan
Hosiery....
*19 Vs
59%
lnc
Pitts Young & Ash pfd
■
22%
16
$5
24
Sep
Jan
33V3c
'
93
*57%
...
;
34%
*19'A
V
10%
22%
61%
—
10%
Pitts
2% Jan
27
5
30
July
109
Jan
•
37%
preferred—
6%
45% Mar
l
preferred
C
22
100
.
Pittsburgh Coal of
7%
7%
*90
19%
—-
700
%
.
X22 Va
*15%
—
3,000
94%
18%
16%
26%
..
-.
62
*1101?
>
—
59%
61%
83%
-
32% Jan
61
Jan
23%
19
preferrcn
Pillsbury Mills
$4
103
May 29
9Va
(10
com..
Corp..,
Phcenix
6
34 Vs
100
Phillips Petroleum
•
Pitts
6%
•
--
*103
55%
'
6 Va
•193
*200
''4
6%
preference
7%
-109 Vs Apr
2%
..^.5
Phillips Jones Corp..^
4,600
108
135
6%
4%
17
114% July
5% Dec
Jan s
9
100
preferred.._j.
4.4%
45
27% Mar 26
19% July
Jan
19
9
Philip Morris Si Co Ltd..
100
30
*29%
*107
$6
Phllco
'
v.
18
*117
6%
r
8,200
3,200
,
50%
108%
6%
,
-
115
50%
17%
20:
'
17
♦113
51
Co
Phila Electric Co.
111■>'
*16%
115
&
6% Aug
*
Jan
2%
67 % Mar
8
Brewing Co
(Chas)
109'A
16
100
■?[ $1
•
r
114 ;
109 Va
v
Mar 12
6Vs May 11
No par
1,800 ;
...
•
36%
35%
114
•
Feb
>6% May
prefer red j
9,400
123
135
92
27 Va
119%
51%
*193
92
22%
27% i.'
111
7%
7%
*193
*192
27-Va
37%
80
Jan
6
7% July
17 % Dec
8
74
Phelps-Dodge
Corp....
Philadelphia Co 6% preferred
,•
530 I,
•
27%
*107%
.
14,400
,
26 Va
*117
•
-
f
3%
8%
7% Feb: 6
-
Mar 26
loo
Pfeiffer
63
110
25%
111
17%
28'/a
t
62%
110
Feb
108% Jan
50
Milk Co
Pfizer
12%
4
2nd preferred
Petroleum Corp of America
1,700
7
100
1,200
22%
Sep
Jan
No par
Glass Sand Corp
2,200
11
Dec
163
62
4%%
,
123 Va
4%
17% Mar
Dec
Apr
Jan
•
17
21% May
Dec
42%
117%
par
prior preferred.
Pet
2
Dec
48
149
May 16
Jan
.10
__No
5%
500
170
Dec
35 V«
•
'25% Jan
No par
Cements
5%
Jan
Jan
Jan
25%
Jan
1
Sep
-Apr
%
May 29
•21% Jan
Pere Marquette Ry Co....
;
17%
13
48
39%
32
56
par
14%
Jan
Sep
30
113
106
Pennsylvania Salt Mfg Co
Peoples Drug Stores Inc..
Peoples G L & Coke (Chic)
Peoria & Eastern Ry Co
Pepsi-Cola Co
,
400
,119%
115
*.
:
27%
*191
*191
205
7% >
27%
f
9%.
10%
v
300
3
26
._1
...
!
107%
22%
28%
111
9
19
*190
*9%
84%
8%
94
94
*18%
*200
84 %
r
114
6%
6 %
11
600 *■
5,500
.
29%
9%
23%
114
16%
29%
108
9%
/
4,800
94
♦107%
>
31,100
26
,
135
107%
116
; 50%
18
*117
92%
*28%
400
500,
113
94
114%
*113
51%
v
83%
113
30
*110%
115
*107
6%
36%
■•■V
111%
*
16%
115
37%
116%
•••••:<•
35%'
35%
63%
» 27%
115%
*
8%
.'39
29
May 23
4% Mar 20
par
5% preferred..,:
Pennsylvania RR______^
23.600 '
(
39
*82 Va
-19
•
40
v
*38% 1
110%
27%
37%
>
63%
27%
*119%
>39%
83
XllOVa
112
X25%
50%
*1101?
-
26%
120
;
39%-
•'
Penn
Jan
31
59
$7 conv Dref ser A_-..i
100
10%
22% Mar
No
Penn-Dixle
400
Jun
24
3
par
\
1,500
:
1
73%
•ii
Co..
64
39 Vs May
7% Jan
No
Airlines
Feb
17
8
18% Jan
Corp.
Penn Coal Si Coke Corp...
♦23%;-
115
25%
114
*16%
*113
61
62%
112,
6
*5%
*72
(J C)
Mar
Mar
.10
1,800
13% f
13%
5%
37 % C
26 Va
*119%
Penn-Central
36%
26
120
-
111%
v
27%
63'/a
112
Penney
37%
27%
*27%
.
*111
2.000
2,200
19
26
26
:
63 Va
63'/a
63
111
28%
•
55%
29% Apr
No por
Ford—
■
9%
11
23
&
121%'-
22% '
*107%
23 y4
Penick
•29%*
18%
94
9%
500
Dec
>130% May: 9
108
2.50
;
Transportation
29%
22%
*28%
•
h. 27%
Patino Mines & Enterprises
23%
*111
30
:.y,v 9%
9%
18%
No
9,200
37 '
108
Si Co—
21%
22%
96
30
*107%
Davis
75 Va
51% Jun
3
Sep
Jan
52% Apr
,
157
3
32% Apr
>■
.
3
'
5% Jan
,
Dec
64
13% Jan
Mines...!
108
5
15% May 21
16% Mar 26
ex-privilege...1
11% July
147 i May
26
16% Jan
1
Parker Rust Proof Co..
120%
13%
121% Jan
100
Consolidated
29%
39-
82%
*
Parke
lnc
Jan
160% Jan
par
lnc
Parmelee
.72% f
3
6
18 v.
15% Mar 17
2
2%
..No
1,100
*71%
V
35% s 35%
-
4,300
Inc...
Tilford
Apr
60
24
48
,_1
5,300
*112
*38%
114
96
29%
108
9 V.
23%
*23
113
97
«
29
*107%
9 %
*9
114
*113
29
*107%
•I
72%
Jan
34% Jan
100
8%
-
24
par
Dec
May 29
Mar
par
100
100
1
10
Ref
Pictures
Utah
26
11% Jan 20
9
45% Mar
No par
20%
21%
25
x38%
84
•
24%
Park &
Park
163
38% Mar '27
preferred
conv
26
30
2
-
8%
74,
*22
40%
35%
;
18%
22%
115
74
-
39
r
22%
*113
5%
*38%
84 >.
>
13%
:
4%
Cos
Paramount
3,600
i-
32%.
*
>
.
Jan
22%
&
&
16
Jan
13% Jan
preferred
Paratfme
Aug
28% Feb
69% Apr
Airways Corp
Petrol
Panhandle Prod.
1,200
2 V2
32%
24%
■
*112
40%
39 Va
•
*83
*35%
6
72%
25 >:
41
'
5.60%
;
9,100
30
*
American
121%,
29%
*112
30%
;
5%
72%
*23
*112
39%
13%
!\
9
121
29%
■;>
V
25 Va
"*71%
121%
-29%
13%
V
13%
72%
5%
5%
29 %
•
•
42,100
2%
33
9
21%
72
"33%
41
2 Va
25
*-
300
33%
41%
32%
21 %
72
118%
%
>> 20%
"34%
2%
9%
69%
:
*108 V
41
25%
9 Va
121%
;
*28%
*70
33
25%
5%
*67%
67
33%
41%
.2%.
320
108%
5%
Dec
24 J/2
155
Transp—a
Panhandle East Pipe Line—No par
6,000
32
31%
14%
Apr
105
18% May 29
79
_
Pan
108%
5%
*108
34%
20%
121
121
•..;■•>.
>
32
108%'
67
9%
>/ 9 v.;
20%
20%
67
2%
32%
25'.
•24%
9%
41
32%
32%
24%
;
31%
,
33%
41%
.2%'
:
*108
,
33%
32 %
32%
.
9
109
109 \
"'2%
24%
92
108%
b%
Jan
115% Feb
7
Telep & Teleg—
preferred—
Pan-Amer
Aug
8%
No
21,700;
100
99 %
2
-25
Pacific Western Oil Corp
Packard Motor Car
14%
28
22
No par
36,400
20%
14%
31%
42 Ve
•
20%
15%
6%
Apr
2
non-cum—No
Mills
Pacific
.;>• 6%
8%
Feb
Electric
&
300
6%
21%
6%
108%
'
*2%
6%
20%
Gas
5
Jan
Pacific Tin Consol'd Corp
'
*14%
preferred
4,000
.{■
15%
5%
'32%
42%
*14%
31%
109
31%
6%
60 f
20
♦19%
19%
108%
65
109
19%
5'/a
5%
65
7 Va
31%
109
5% v
7
108%
31%
31%
7%
2nd
Pacific
120
21 Va
21
•'*'
x47%
20%
6%.
15'/a
*108'/a
•
*130
170
21%
15%
2
'
130%
170
6%.
6%
*14%
'
130 Va
171
*170
20%
19%
>
47%
130 Va
7%
"7
*
130 Va
*
130
*170
28%
14
16% Mar
13% Jan
8
Pacific Lighting Corp
28%
*28
Oct
113 Va Mar
23% Jan
-10
28
Oct
108 Va
3
2
107
No par
non-cum
20 Vs Mar
28%
4
74
Co
Sep
Jan
12.50
Co
15%
23% Nov
8
11 Vs Jan
58
Pacific Amer Fisheries lnc
1st preferred
30% May
24
par
No
Owens-Illinois
4,000
Mar 27
106% Jan
100
2.50
Co
Outlet
,
24% Jan
.—No par
Outboard Marine & Mfg
50
75
74
v
600
27%
*26%
75-
110
162
*160%
27
75
mm
66%
161
17
par
6
100
10
Omnibus Corp
28 Va
115
13%
15%
1
ao
No par
convertible preferred—100
17%
115
'
mm
pfd
—
(The).
8% conv preferred A
Oppenheim Collins
55%
13%
55%
220
112
Oo
Oliver Corp
27%
mm
'
78
80
on
18%
'
26
66
65%
unto
4.40%
Edison Co
111%
"
mm
•
mm
162
25
25%
Ohio
29%
•
mm
18%
300
109
109
18%
mm
■'"mm
28
109
*28%
'
'mm
114%
17%
161
mm
mm
15%
27%
*75
15%
13 %
mm
.
111%
14%
18
25 Vs
■'66%
*54Va
4
27%
161
78
66
V
17 Vs
161%
■
18%
27%
27
*75
!
114%
->
17%
*161
i;
15%
114%
115
*17%
j
111
15 Vs
15
114%
i
*74
> 112
♦111
111%
*110%
15' '
l!
!
•:■
109
■
mm
of Feb
1
Z..III5
50
~No~par
1
'29inn
16% Jan 22
17% May 22
95
May 18
Apr
16% Apr 24
21 Vs
8%
69
Jan
May
Apt
13%
Dec
11%
Apr
18%
Dec
18%
Dec
55 V*
Dec
20% Apr
27
50% Jan
22
63
Anr
27
Mar 27
62
11% May
35 % May
May 29
52% May
-R >r
May
8%
27
30
55
Oct
Nov
Apr
17 V* Jan
1ins >
14%
83%
Volume 161
Number 4391
THE COMMERCIAL & FINANCIAL CHRONICLE
NEW YORK STOCK
LOW
Saturday i
/Monday
* per
share
I per
share
21 %
21 %
21%
107%
107 Va
107%
114 T's
114%
114%
120%
120 %
119%
Va
*11634 116%
52 V*
52%
131%
116%
19 %
19%
131 Vs~ 131
19
52%
21%
114
*107
108 '/2
26 Va
16%
s per share
Frld.iT
May 81
June 1
S per share
21%
x20%
107%
107%
107%
114%
114%
119%
131
116%
Sales
1 per share
21%
for
21%
108
108 Va
470
114%
114%
114'%
114%
510
120
119%
120
119%
119%
131 Va
1-0
ioi
Pub
6%
6w0
Corp of N J
115 %
116%
53%
53%
53
53%
53
54
8.300
19%"
19%
19%
19%
19%
9,700
Pur® Oil
*115%
*115%
116%
aii%
114
*111%
114
112
107%
*107
108
*107
108
*107
'
'
112
8%
100
1C8 Va
100
26%
26%
26%
26%
26%
26 Va
26%
2,100
16%
xl6%
16 Va
*16%
16%
16%
16%
700
2
16
100
106% Jan
30
100
110-
Jan
121% Jan
No par
115% Apr
—No par
Pub Ser El <ss Gas
20
116%
Jan
102% Feb
47 V* Jan
22
17-
24
21
-
Pullman lnc
19%
114
16%
No par
preterred
53
Year
pfd $5
iThe>
ao
preferred
17
par
21% Apr
Highest
I per share
f per
share
17
13%
87%
Jan
18%
96
Jan
109%
Oct
4
109% May
2
114% May 26
123% May 9
104%
Jan
113%
Nov
3
138% May
113 Va
Jan
122 %
Dec
118
Jan
113% Nov
119%
54% Apr
37% Jan
52»/« July
14%
18
26
Jan
■
Mar
100
111% Mar 26
115% Apr
106
108% Jan
Sep
103
May
4
No par
23% Jan
2
27
Feb
r_l»
15% Jan
22
18
Feb
18%
Jan
109%
103
5 V conv preferred
Purity Bakeries Corp
Pre riots
1944
Lowest
I per share
100
7%
8%
i
I per share
-No par
preferred—
preferred
560
131%
Serv
$5 preferred—
.
'
loi
Range Since January I
Highest
Lowest
Par
16,200
108
%
Range for
STOCK
EXCHANGE
Shares
21
%
YORK
NEW
the Week
19%
-
26
*16%
Thursday
May 30
131%
107%
25%
STOCKS
Wednesday
21%
*
RECORD
PRICES
120
*111%
*111%
SALE
f per share
108
114%
HIGH
Tuesday
May 29
May 28
May 26
AND
2461
<
Dec
Dec
Feb
Mar
Jan
115% Nov
Jan
108 V#
Dec
Jan
24%
Oct
19%
12%
Jan
16% Aug
Q
i
Quaker State Oil Ref Corp
16
r
12
12%
86%
11%
*86
86
8%
8%
95%
95%
*37%
•'38%
i
8%
96
*37%
"
12%
-
_
12
12%
11%
12%
8634
86%
86%
85%
86
8%
9 Va
9
97
96
38%
*37%
11%
12
86 Va
86 Va
1,000
9%
8%
9%
38,900
96%
96%
96 %
*37%
38%
9
96%
39
18%
18%
18'A
18%
18%
18%
18%
18%
35%
35%
35%
36%
36
36%
36
36%
26%
,
51,100
97
*38
6%
1,580
39
18%
No par
Corp of Amer
7,700
36%
1,200
27%
37,900
lnc
preferred
2
12% Feb
5
8%
Apr
12
78% Jan
15
87% Apr
17
69%
Jan
80%
7% Mar 26
9% Feb
6
7%
Apr
Feb
20
85 V#
Jan
1
100
—
26%
25%
*46%
48
47% "-47%
48
48
200
4%
non-cum
1st
44%
21%
44
%
21 Va
44 %
44%
44%
44%
44%
44%
44%
44%
700
4%
non-cum
2nd preferred
20%
21%
20%
20%
20%
20%
*20 %
20%
3,400
132%
132%
25%
132
132
27%
26%
•48
*47
27%
43
26%
*47
Reading Company
Silk
Real
132
132%
77%
*75%
76%
*75
76%
*73%
75
76%
90
23%
23 %
23%
24
*23%
23%
*23%
23%
*23%
23%
700
Reliable Stores
27%
27 Va
28
28
28%
28%
*28%
29 Va
*28%
29%
300
Reliance
27%
27%
103
24%
24%
22%
22%
*110%
112
*109
111
108
2i
8%
21%
27%
28%
27%
28
27%
28
5,600
101 %
*100%
101
*100%
103
25
25
8%
25%
8%
8%
23
23%
110%
*109
15%
106%
106%
21%
15%
15%
22%
106
21%
Va
8%
22%
23%
8
*110%
111%
25%
25
23%
111%
*109
16%
111%
15%
16 Va
106
105%
105%
22
21%
21%
105%
*104%
19%
19%
19%
19%
19%
20
20
20
34%
34%
34%
35
35
35
34%
*38'A
39%
*38%
105%
104 Va
39%
25
9,200
23%
32,900
100
*109
111%
15%
106
15%
8,300
290
106
21%
21%
3,100
104
150
19%
20
4,400
35%
34%
35
6,100
105 Va
104
70
39%
39%
39%
39%
*18%
18%
18 Va
18%
18%
18%
18%
18%
18%
18%
1,800
12 Va
12%
12
12%
12
12%
12
12%
12
12%
6,800
25%
26
26
26
26
25%
25%
25%
25 Va
1,200
8
*7%
8
17
2
82% Jan
Jan
9
24
22% Jan
3
29% Apr 18
28% May 18
10
1
5
15% Jan
3
Dec
18
Nov
18
Feb
24
Jan
27% May
30
1
14% Apr
x83% Mar
8%
Dec
^
23%
Dec
Dec
99% Nov
16
Apr
Aug
9% May 18
105
'
Dec
Dec
No par
100
11% Jan
16
24
Mar
18
Apr
6
23
16
Apr
6%
21%
Jan
July
12 V# July
87% Jan
2
15% Jan
>5
Jan
2
Jan
'2
31% Jan
2
35% May 31
28
Jan
10
37% Mar 13
39% May 31
7
20'A Feb
36
May
39%
16% Mar 27
13
Jan
18 Va
10% Jan
2
13% Feb
Feb
11% July
16% Jan
2
Jan
17%
6% Jan
22
19 'A' Apr
10
No par
100
Reynolds Spring.
1
Reynolds (R J) Tob class B—10
Reynolds Metals Co
5% % conv preferred
Common
St
22%
22%
22%
22%
22%
22%
5,600
Safeway
22%
85%
Feb
102 Va
2,400
22%
Jan
11%
Jun
44%
22 Va
Jan
50%
Jan
43%
22%
155
90
2
99%
43%
44
Dec
87
43
43%
13
110% May 18
44%
43%
Jan
4
5,000
43%
5%
102% Jan
20%
20 %
Dec
110% May 28
20%
21%
300
Dec
36%
3
20%
20%
1,900
•
42 V#
Jan
22
20
20%
3,800
8%
24%
39
Jan
27%
19% Jan
21%
20%
*8
24%
*38
Dec
32%
104% Jan
8%
*
Dec
100
100
39%
39
21%
Jan
Dec
July
May 28
May 21
102
8% May 15
1
15%
;
Dec
No par
24%
24%
39
133
22
99% Jan
1
lnc
22 V« Jan
25
8%
24%
39%
29% Mar 19
5
17
38 Va
8%
24%
39%
30
Mar
70% Apr
24%
8%
24%
39%
34%
116% Apr
43%
8%
24%
24%
*39
18
Feb
100
No par
98
Co
Mfg
"
,14%
1
No par
Rltter Company
No par
Roan Antelope Copper Mines
■
Royal Typewriter
1
Ruberoid Co (The)
No pat
Rustless Iron & Steel Corp
J
*25%
Feb
28
1st pfd—>—100
Mfg Co
Richfield
12 Va
24
24% May 23
Preferred with warrants
Rhcem
20
19% Jan
43
33%
Jan
19% Feb
22
Corp
28 V#
7
July
10% July
107% Jan
37% Apr
2
11'A Jan
Remington-Rand
*•
39% May
Mar 26
49% May 14
44% May 5
Republic Aviation Corp
Kepuoiic Steel Corp__
6% conv preferred
6% conv prior pfd ser A
Revere Copper ft Brass
5% % preferred-
8%
22%
15
16
31
Reo
X8%
34'A Jan
99
5
& Co
Motors,
2
34% Jan
—50
50
50
——
(Robt)
Jan
36% Jan
4,500
25%
*110%
*110%
105%
39%
Rels
200
105%
38 Va
Preferred
130
101%
105 Va
*
133
75
28
22%
*109
106
%
*132
103
110%
15%
15%
•fi
24%
8%
8%
I
27%
*101
132
preferred
Hosiery-
76%
*101
132
26%
91
No par
1
25
Rayonier
$2
10% Jan
No par
preferred
conv
Raybestos Manhattan
18%
*36
Radio
$3.50 conv 1st preferred
Radio-Keith-Orp' 'um
Oil Corp
33
106% May 14
22% May 21
Jan
10
8
85%
8%
Jan
24
28
May
1
8% Mar
1
8%
13
5%
Dec
16%
Apr
6
88
Jan
Mar
21% Mar
Dec
100
Dec
15% July
35% July
9
Apr
Nov
Oct
Dec
Jun
25% May 18
39% May 19
22
17%
Jan
24 Va July
25
Jan
34% July
21% May 18
Mar 26
18% Jan
63
106
14%
Jan
23
Feb
S
*112%
113%
113%
113%
*113%
10%
11 Va
10%
11%
10%
11 Va
10%
58'A
58
58%
58
58
*107
49%
*110
*
22 Va
x50%
50 Va
113
112%
112%
*110
111
*110%
24
—
—
—
—
24
7%
*7%
8
122%
120%
121%
120%
122%
22%
22%
22%
22%
22%
22
*109%
112%
X24
24%
7%
112%
*109%
114%
10%
114%
50
10 Va
8.400
.
58%
58 'A
*106
100
50%
900
112%
10
24%
4,800
50 Va
*111
11,200
108
10
*110%
*110%
23%
7%
*109
114
109%
51
108
*106
119%
120
21%
59%
51
50%
113
7%
116
58%
11
107
24
24
7%
58%
114%
107
109
111
'
*23%
50
113%
*110
113
*110%
*
*107
108
49%
*112%
7%
112%
24%
*7%
120 Va
111%
Savage Arms Corp
Schenley Distillers
Corp
preferred
5%%
100
No par
No par
Scott Paper Co
preferred
$4 preferred
$4.50
No par
Seaboard Oil Co of Del——No par
9,100
22%
Servel
50
112
8
J..
No par
1
lnc
$4.50 preferred
No par
—
1
8%
8%
8%
8%
8%
8%
8%
8%
2,000
Shamrock
21 Va
21%
21%
21%
21%
21%
21%
21%
21%
1,600
Sharon
Steel Corp—
No par
93
92%
92%
92
92
$5
preferred
No par
14%
14%
8%
*21
92
*92
92
*92
93
*
137s
13%
13%
13%
75 Va
13%
*74%
*74%
75%
*74%
17%
17 Va
*64%
65%
27%
27%
17%
*64
27%
6%
6'A
6%
37%
38
38
35
35
*34%
17%
18
*64
66
27%
27%
6
6%
14
-
75%
•
__
76
*75
18 Va
Xl7%
17%
65
*63%
65
28
27%
6%
38%
38%
38%
35%
*34%
35 Va
27%
6V»
6
X38%
38 Va
35
35
8
160
28,300
14%
15%
*75%
78 Va
---
17 Va
17%
4.200
*63 Va
66 %
6
37%
*34
17%
*22%
6%
4,700
Silver King
38'A
■
3,500
200
35
•16%
16%
16%
38,400
49%
49
49'/a
1,700
16%
16%
16%
16
48%
48%
49
49
17%
17%
17%
17%
17%
17%
17%
*17'A
18
600
24
22%
22%
24
24
24
24
*24
25
240
1,800
65 %
66 >/a
66%
67%
67%
68
Va
X67
67
67
67
*31%
32%
32%
32%
32%
32'A
32
32
32%
32 Va
16 y4
16%
16
16%
16%
16 Va
16 Va
4%
33.100
3,200
4%
4%
4%
4%
4%
4%
4%
23%
23 Va
23
23 Va
22%
22%
22%
23
22%
23
46
46 Va
46%
46%
46%
47%
46%
47 Va
46'A
47%
10,900
70
*163
165
30%
4%
164%
30%
164 Va
164%
30%
30%
30
164%
164%
30%
30
30%
30'/a
30 Va
2,600
20
20
20%
800
*19%
48%
49 'A
48%
49%
47%
49 Va
59,100
46%
46%
46%
45%
46%
44%
46
17,100
76%
77%
77%
78
78
78%
80
2,700
85
*83 %
85
46
46%
46 Va
44%
45
45%
75%
75%
75%
*83'/a
*163
48
19%
85
164%
164%
19%
19%
*83%
1,400
19%
20%
*19%
4%
16'A
400
83%
85
84%
*83%
110
14%
14%
14%
14%
*14%
14%
14%
14 Va
14 Va
14 Va
2,100
7%
7%
7%
7%
7%
7%
7%
7%
7%
7%
6,800
86
13%
*13
86
*12%
*84%
29
*84%
38
37%
37%
29 Va
29
29 %
28%
29
28%
29
28%
70%
71%
*54%
7,400
900
72%
72%
*71
71%
70%
71%
54%
*54%
54%
54%
54%
.20
17%
16%
16%
18,200
Spiegel
89%
88%
89%
400
Conv
16%
16%
17%
17%
17%
89%
90
90%
91
16%
X89
*41
41%
41%
41%
40%
40%
41
*111
112%
•111%
112%
112%
112%
*110
68%
68%
109%
*108%
68 Va
68%
41%
112
69
40%
*109
69%
40%
10
*108%
*107%
108 Va
107%
1,300
70
36%
36%
113%
*112%
113%
6%
6%
6%
110
37%
37%
37%
113%
*110%
6 %
6%
6%
79 Va
20
110%
*109%
37
*112%
*108%
109 %
108
36'%
109%
108'/a
36%
79%
109 Va
.*109%
*111%
109%
1,000
112
6%
108%
37
109
108%
*77'/a
113
6%
78
*110%
6
*77
100
8,500
3 7'A
113
6
78
7,300
Vp
'
500
76
77%
78
91
90 %
91 %
90
90%
89%
89
89 %
89
42%
42%
42%
42%
42%
42%
43
42%
43
42%
36%
36%
37
?6%
37%
37%
10,000
36%
36%
37 Va
36%
63%
63%
63 Va
63%
11,300
63 %
62%
63 %
63%
63 Va
62%
22'A
x22Va
*75%
*88%
11%
*37
22
22
127
21%
127
*128
11%
11%
37%
130
129
11%
11%
22 Va
130
11%
22%
♦130
11%
4,000
11,600
4,900
22%
22%
130 Va
130%
300
11%
11%
11%
8,700
22%
135
Sterling Drug
Stewart-Warner
20%
20%
21
20%
20%.
20%
20%
5,200
16%
16%
16%
16%
16%
16 %
16%
j< 8,000
19%
19%
19%
19%
19%
19%
19%
19%
19%
13%
13%
13%
l3Va
13%
13
13%
13
13 VB
7,000
27%
26%
27 Va
19,800
62%
62 Va
200
124 Va
124 Va
90
27%
27%
27%
27%
26%
*61%
62%
62%
62%
*62%
27
125
*125
125
6%
6%
6%
6%
6%
12%
13%
12%
12%
13
25
25%
25
25%
25%
For
(The)
1,800'
76
115
Co
Starrett
100
76 Va
16%
*112
preferred——
Standard Steel Spring
37%
20%
125
Oil of Ohio—
76
16%
125
Standard Oil of New Jersey
37%
20%
62%
Standard OH of Indiana
76
112
footnotes
see
*112
112
page
126
6%
13 Va
25%
114
125
6%
62%
125
6 Va
6%
6%
%
800
Sunshine
12%
12%
25%
25%
26
/12.700
112
600
114
112
cum)
pfd (4 Va %
Oil
Sunray
8,700
13
26
*111
Sun Oil Co
A
Jan
109 %
Dec
37% Mar
45 Vs
Nov
May 29
Dec
29
109
Jan
17
108
Feb
19
20%
Sep
8
2%
Jan
8 Va
Dec
84
Feb
106%
Dec
16%
Feb
122% May 28
22% May
7
Feb
115
Jan
110
Nov
Jan
25 % May
24% July
113% Mar 17
Feb
1
23% Mar
14
7
8
Deo
13
May
18% July
Jan
78 Va July
May 16
15% Jun
1
63%
78 % Mar 10
72
95
Mar 27
May 15
18
Jan 23
Apr 26
25% Mar 27
5% Mar 21
32% Jan
2
30Va Feb
2
% May 29
11%
9
Dec
Sep
14% Mar
Jail
76%
9%
Jan
15%
Oct
Oct
67% Jan
3
48 Va
Jan
61%
Dec
28% May
8
20%
Sep
28%
Apr
7%
Dec
3
May
8% Jan
17
41% Apr
23
24%
Apr
35%
Sep
18
23
Apr
31V#
Dec
x35 % May
7
10%
Feb
16
Dec
7
35
Sep
42%
Jan
13%
Apr
18V#
Jan
—2
No par
1
25
25
.10
100
1
No par
9
Corp
Webster—
7,700
X12%
L 8
StudebakerCorp (The)
Class
105
6
Inc—i———-—10
Stokley-Van Camp Inc
57c
prior preferred
Stone &
23
8% Jan
22
3
12 %
74
13%
59 Va
39%
;
28
1
Jun
Sep
111
9
8
Dec
Jan
113 Va Jan
17Va Mar 26
16% Jan
78
Jan
Dec
9%
7
30
19% Mar
No par
—10
———
37%
99% Mar
51
8
111% Jun
Feb
Dec
54% Mar
preferred—
—100
Squibb (E R) & Sons
No par
$5 pref series A.
—No par
$4.25 preferred ——
-No par
Standard Brands. Inc
No par
$4.50 preferred
No oar
Standard G & E Co $4 pref—No par
$6 prior preferred-No par
$7 prior preferred—
No par
Btandard Oil of Calif
No par
4Va%
Mar
111
38 Va
115%
Jan
5
11 % May 19
60% May
27 Va May
110%
2
conv
76
*37
75%
26%
preferred
76%
38
16
*61%
$4.50
76 Va
*37
20%
13
—.——
38
75%
*19%
luc_
Standard
7
9
15% Jan
2
22% Mar 1
48% Jan 22
30
Jan
3
Corona
*37
76
i
Square D Co
5%
"
115% Mar
41% Jan
Spalding (AG) & Bros lnc
1
cjparks Withmgton
No par
Spear & Co——————1
$5.51 preferred
No par
Spencer Kellogg & Sons
No par
Sperry Corp (The)
——-1
Splcer Mfg Co
No par
$2 preference series "A"—No par
54%
89%
68
600
Iron
&
preferred
&
-
Jan 23
Apr 13
May 14
Mar 27
Jan
2
106
Jan
4
x42% Feb 23
111'/a May 16
108% May 1
23 % Jan
3
15
Steel
Typewrlter_.No par
Socony Vacuum Oil Co lnc
—15
South Am Gold & Platinum
1
Southeastern Greyhound Lines——5
South Porto Rico Sugar
No par
8% preferred
— -100
Southern California Edison
25
Southern Natural Gas Co
7.50
Southern Pacific Co—
No par
Southern Railway'
No par
5% non-cum preferred
100
Mobile «fe Ohio stk tr ctfs—.100
Smith
46% May
5
23% Apr 17
37
21%
111
8%
38%
20
No par
Corp
(A O) Corp
Smith
72
16%
68
50
88
Steel
8kelly Oil Co—
$1.20
par
No par
No par
—
Sloss-Sheffield
54%
89%
68
1,400
14
88
*37
37%
54 %
14
*84%
37%
37%
*69
14
14
88
37%
*54%
14
13%
*84%
13%
88
38 Va
29 Va
*37%
Oil
Sinclair
par
3
Coalition Mines.,
Slmonds Saw St
par
par
15
Oil
Simmons Co
16 Va
16 Va
& Gas
Sharpe & Dohme
.—-No
$3.50 conv pref ser A
No
Bhattuck (Frank G)
No
Sheaffer (VV A) Pen Co
No
Shell Union
47%
16%
Oil
4,700
48 %
Va
conv
27'A
27
16%
16
*47%
*
—>
4,800
121
22
Stores—
preferred—
5%
Seagrave Corp
Sears Roebuck & Co
700
8
10
5
100
5
3VS»
Joseph Lead—
1
20
No par
—1
No par
100
1
Corp
Co.
10c
Superheater Co (The)
Superior Oil of Calif
No par
29
Mining
2463.
-1
15
13% Jan
4%
21
40%
155
26Va
17
Jan
Mar
Apr
Apr
Jan
Jan
38% Jan
32% Jan
64% Jan
80 Va Jan
76% Jan
58
108
24
v
May 29
22
Jan
23 Va
Jun
77
Feb
29%
Feb,
54 %
Dec
35
Mar
7
23
Apr
31 %
Dec
<12
Jan
14% July
Jan
5 V# July
26
17% Apr
24
3
5% Feb
1
26
4
20
2
20
31
22
22
5
9
37'A Jan 10
Feb
Mar
2
11% Jan 24
6'A Mar 27
7% Jan 2
80
Feb 2
32
Mar 27
27% Jan 24
.47'/a Jan 12
54% May 17
12% Mar 27
ill
17%
Mar 26
6
Jan 20
May 25
107% May 28
28
Jan
2
111% Jan
2
2% Jan
2
23% Mar 19
1
47% Jun
165
Mar 12
16
Jan 22
10%
18 Va
57 Va
124
6
10
2
2
Jan 24
Jan
2
Jan
4
Apr 12
Mar 27
Mar 9
23
79
Mar 26
Jan 3
Dec
45 V#
Dec
Dec
Oct
20% Jun
1
13%
Jan
17 V#
Aug
49% Jun
1
23 %
Jan
43 Va
Dec
47% Apr
25
20
Jan
34%
Dec
80 Va Apr
25
40%
Jan
69
Dec
Jan
82%
Dec
NOV
13'A
May
8
54
15% Mny
8% Feb
9
12
7
4%
Jan
7% Aug
15% Mar
1
5%
Jan
9
Feb
75
May
22% May
36 "A Jan
35
Dec
29%
Nov
89
87% Apr
38% May
25
56
May
28
45% Apr
6
Sep
13"%
Jan
Dec
Nov
7
50%
Feb
79%
24
33%
Jun
38%
8
110
Jan
115
1
57
Sep
I
113% Jan
5
70
114% Mar 16
37% May 29
114% Mar
7% May
Dec
48
Jun
116% May
Dec
Jun
2
17% May 29
92% May
:
55
8
31% Mar 7
72% May 29
1
2
111%
108
27%
110
Dec
Dec
64 Va Feb
Apr
115
July
May
113
Dec
Dec
Jan
2% Nov
33% July
116
Sep
4 V# July
Feb
19
33%
Feb
74%
Dec
92% Feb
19
40%
Feb
85%
DfC
34%
Sep
39% July
31
Sep
34%
50%
Sep
58 Va July
65'A May
10% Jan
18% Jan
21%
162
26%
38% May
2
Jan
Apr
45% May
62% Jan
Jan
22%
38%
33%
56
20%
9% Jan 22
35% Jan 20
Dec
28%
3
80
118% Jan 24
20%
141
30% May
67'A Jap 23
78% Jan 23
Jan
2
Jan
2
Jan 24
May 10
3%
Jan
23 Va Apr
lie
110%
Sep
12 Vb May
6%
Jan
11% July
38% Mar
28%
Jan
37%
137
Feb
Dec
Dec
76% May 29
61
Dec
67% May
21% Apr
11%
Jan
17% July
30
Feb
13% July
6
15%
Feb
19
Deo
20
7%
Apr
12%
Dec
.29% May 4
64% May 12
13%
Apr
20 V# July
54
Jun
64
Oct
127 V8 Mar 24
121
Jan
128
Oct
16% May 29
19% Mar
14
Feb
9%
5%
Feb
5 Va
Jan
7% July
7% Jan
9
14 Va Apr
16
27% Feb
14
17% -Jan
25%
Dec
122% Apr
30
66% Nov
84%
Feb
10% July
Monday, June 4, 1945
RECORD
NEW YORK STOCK
Saturday
9
9 per share
Thursday
May 30
May 29
r per
9 per share
per share
Friday
June 1
the Week
277e
27%
28 'A
28 %
28%
28%
*28 Va
28%
*28%
32 %
>32%
33%
33%
33%
*32%
33%
*33
34
22
22 %
*22%
23%
23%
24
24
*23
33%
33%
33%
34
34
34%
36%
37%
36%
37 Ya
36%
37,
34
34%
34%
34%
34
34%
9%
9%
9%
9'/a
9»A
9%
9%
97/a
9%
*9%
9%
*9V4
55%
*541/4
24
600
34 V*
34
34%
36%
36%
36%
37
34
34Va
34%
34%
9%
9%
9%
X34
9%
Sweets Co of Amer
5,900
2
6
34% Feb
7
38% May
9
30% Apr
31% Mar 21
No
Syivania Elec Prod's Inc..
Symington Gould Corp—
Apr
Sep
8% Jan
26% May 14,
Ltd—
Bwift International
7,200 '
29
11
par
1
29
Apr
Jan
27 %
26
34
r
26%
27% Jan
15
16
Sep
Dec
33 %
5% May
10% Feb
Dec
33
Apr
10% Feb
Dec
20%
Jan
35% ,May 22
6
7% Jan ' 2
t per share
19%
4
22
Apr
20
(The)-
'
•2,700
6
Jan
17% Jan
Co
a wilt &
31% Mar
25
35
Highest
I per share
share
31
12%
1944
Lowest
10
Sutherland Paper Co
4,700
"=:V .1 Year
r
100
Superior Steel Corp
200,
24
%
9 per
9 per share
Par
1,100
28%
32 \\
EXCHANGE
Shares
I per share
9 per share
share
Range Since January 1
Highest
Lowest,
YORK STOCK
NEW
Sales for
May 31
Tuesday
May 28
May 26
Range for Previous
STOCKS
HIGH SALE PRICES
Wednesday
LOW AND
Monday
Jan
33% Jun
.
8
Dec
8%
Jun
*
T
*54%
8%
8%
13%
13%
'
•
*54%
55%
•
53
52%
13%
53 Va
53%
7%
7%
7%
7%
43%
44
43%
20%
20%
21%
21%
18
18%
18
19 %
18%'
41
41
41
43%
16%
16%
17
17
*135'/a
54'/4
140
8%
8%'
2,800
partlc preferred
Telautograph Corp——
13%
13%
2,400
Tennessee
.
531/4
21Va
21%
20 Va
21%
11.800
19%
18%
19V8
18%
19
29,500
44
42%
431/4
42'A
43%
7,100
17%
17 Va
17'A
*17JA
17Va
1,300
531/4
53%
97
95'/8
96
11%
ll'A
11%
55Va
56
12
12
55%
54%
55
*54%
12
11%
11%
*
14 Ve
15
14%
14%
*49%
50
49%
50 %
;
*135Va
' '
'mm**
——
5%
5%
38%
38%
40
39%
18%
19
18%
19
12%
55
56
12
12%
12%
500
Third Avenue
14V2
15
200
Thompson
105HS
10532
10533
38 %
38%
38%
38%
54%
39
'
49%
49 %
50y4
4,400
54
541/4
'e—* *
12%
12%
12%
12%
12%
—'
38%
38 %
38%
38%
39 y4
22%
*21%
22%
6%
21%
6%
6%
21%
6%
6%
108 %
108%
108
108
108%
12%
xl2
12
11%
12
21%
22
22%
22
21%
.
•v
105%
*105
105%
105%
29%
30 %
121/4
12V4
—
17%
17%
17%
17%.
'
m.-..
64%
G4%
64%
64%
16%
167h
16%
17
16%
16
92
Jan
122
Dec
93% Jan
8
100
Apr
16
81%
Oct
94
Dec
12% Jun
I
Apr
10% Dec
9% Mar 27
56
54% May 11
10% Jan *J
""
"
15 % Mar
1
Jan
3
15% Mar
6
45% Jan
23
53% Mar
1
13
May
9
May
9
18% Mar
34
Dec
20% Mar
7
13
Feb
17
July
Jan
109
Dec
Dec
'2,
7% Feb
'-No par
103
Jan
7,500
6%
6%
6%
11%
11%
11%
22 %
21%
23%
105
%l
104%
104%
500
30
1
28%
29%
22,200
-6,000
36%
103%
2,100
123
123
100
123
17%
17V4
64%
64%
64%
17 Va
16%
171/4
17%
3,800
Twin
64%
65
1,600
Underwood
16%
17%
Corp
-—
900
12 Va
12
J.
No par
Tubi/.e Rayon Corp
:
1
4%■% preferred
100
20th Cen Fox Film Corp—l_No par
$1.50 pi"»ferred
N't vnr
$4.50 prior pld
No Par
Twin City Rapid Transit
No par
7% preferred
100
10,400
36%
preferred
Truax-Traer
3,400
103%
12 Va
12
$6
310
.
37%
*121
—'I
108%
IO31/2
37
*
tH 0 CO
16%
Coach
31
16% Jan
-2
Mar 15
34% Jan -22
40% Apr
50
56% Feb
Apr
■
18% Jan
25
Jan
38
43 %
Apr
52% Aug
8%
Jan
11%
Dec
May 19.
17%
Apr
29
Dec
12%
Jan
23
16
8"
20.
;
13% Jan
106% Feb
21
Nov
102
Dec
Dec
102% Dec
21 % Feb
37%.May 28
34% Mar 27
28%
Jan
35%
85
Jan
105%
Dec
5"% Jan
9%
Dec
106% Jail
3
27
Feb
26
19% Feb
2
Feb
125
May 22
3
9% Jan
13
13
102
14% Jan
Dec
11%
20%
30% May 28.
26% Mar 21
Feb
105%
Jan
8%
1
3
Jan
15% Mar
17
23% Jun
18%July
5% Dec
3% Feb
85
109 % Mar 15
13
18% Mar 28
115
5% Aug
12% May 22,
6
10% Mar 22
1(1 (i'o Jan
Jan
100%
108% Jan
105
1
Co
2
6
41
Jan
108%
Dec
13% Mar
2
5
Trl-Continental Corp-
12%
49% Oct
22
1
100
.
Jan
Jun
Jan
Jan
'2
22
4%
11%
32%
•
4% Jan
24% Mar
*21'/a
9% Nov
'
40
22
7
Jan
% May 23
1-5
103%
"
,u
17%
64 %
28
2g
29%
——
•4
— w.
123
17%
Feb
Apr
Jan
*103
•
—
—-
37%
123
124
*123
123
'
— —
e-
IO3V2
12%
12%
12%
12%
123
X37%
103
103
102%
12
139
Mar
21%
.
30'A
*102%
37%
37
37
36%
102%
6
3
10"
2
,
5%
Dec
July
Jan
26
"
•
8% Apr
125
Transcont'l. & West Air Inc..,
5
Transue & Williams St'l
No par
38%
6%
'
f:
106
29%
58
24
Transamerlca Corp——
12%
38 V2
11%
108%
IO5V2
29%
29%
24% July
Feb
10
59% Jan
2,600
54
12%
108 %
«•
22%
12
Jan
21% Jan
7,900
54
39%
*21%
6%
*
12%
50%
14% Mar 31
44% Mar 29
2,300
54V4
3.2%
Dec
16% Nov
35
Tlmken
121/4
July
29%
Feb
Tlmken
'
37 %
Feb
Jan
2,6?)0
54
'
" P
—
—-
Dec
Apr
14%
8%
38%
No par
10
No par
6%
32%
7
17%
10523
Axle
4% Feb
7
May 29
38%
preferred.
Oct
19% May 29
391/4
Detroit
Sep
44
10523
Roller Bearing
44%
Dec
12% July
50 % Jan
30
620
conv
10% Mar
22
19
$4.50
8%
13% Jan
18%
10523
'6,600
51
Jan
30% Jan
19 %
"
Jan
14
May
45
25% Mar
5%
700
Jan
4%
•
19
391/2
>i
7
1
9% Feb
6% Jan
36% Jan
Xl9% May 10
7
42
5
Feb
*5%
38'A
54 V4
*22
55
*39Va
38%
12%
54
48% Jan
51/2
10523
.
38%
54%
par
par
par
—10
14% Mar
39%
"
ft
25
(J R)
Thompson Products —
No
Thompson-Starrett Co_
No
$3.50 cum preferred
—Nr
Tide Water Associated Oil——
2,100
.
div conv
11% Jan
18%
„
;
*141%
$2%
580
•
9% Feb
7% Jan
*38%
.
105 23
105 33
38
1
preferred
50
Transit Corp._No par
Co
12'A
56
,
___—
Mar
56
5%
39%
10513
Thermoid
19,100
12%
X49%
5%:
5%
preferred
12
-
50'A
49%
5%
18 %
so
100
100
preferred
6%
1
'
5%
No par
1%
10
100
-j?
The Fair—
100
<
11%
tmm
15
*14%
670
.
10%
138
551/2
•
-
6
Corp
14%
—
'
*37%
18%
*96
100
*96
——
54
*9%
10 V4
138
*1351/b
vrnm-
•
54
54
*9%
10 Va
138
16
25
Texas Gulf Producing new—.——1
Texas Gulf Sulphur
—No par
Texas Pacific Coal <fe Oil
10
Texas Pacific Land Trust
1
Texas & Pacific Ry Co—
100
Thatcher Mfg Co—
-No par
$3.GO coiiv preferred
No par
2,300
21%
10 Va
7% Jan
50% Jan
(The)—
Texas Co
3,500
44
53
*11%
5%%
9,300
7%
43V2
11%
.11%
11
52%
7%
43%
95
96
95%
l
14
52'A
\r
7% V:
7%
;
'
9
9
43%
*135%
136
136
54'A
17
5%
5%
5%
138 %
54'A
50
—9
Talcott Inc (James)
43
53
52%
52%
5%
500
52%
——
43%
20%
•mm*
'
■
7%
43%
52
9%
*
43%
7%
*9 %
13%
.
'
13 Va
-9
91/4
*8 Va
--
8%
8%
:
8% r 8%
13%
13%
53 %
52%
55
9'A
54'A
16
>
68%
8%
■
Jan
28%
Jan
118
Dec
Dec
Dec
16%
Dec
66
Jun
U
91'A
91%
91%
92%
92%
92%
*112%
113%
*112%
113%
*112%
113%
113'A
113'A
*112
107
129
129
107
32
29'A
29%
29'A
38%
*127
*109%
X28 'A
108 Va
*108%
129%
129%
110
*
27
Preferred
120
Union Pacific RR Co„
4%
800
:
-
*110
110
'
'71%'
72%'
26%
a 25
United
72
25%
*110
111%
71%
71%
15%
Sep
82% Jun
23
113
Feb
29
109%
Jan
25% Mar
119
Feb
113
Oct
1
17%
Sep
93%
Jan
118
104
Dec
30
Nov
109% May 10
20%
Dec
Dec
92%
Feb
26
Jun
32% Jan
11
25%
Jun
105% May 18
31% Jan 22
110% Apr
18
100%
Feb
22%
Apr
36 %
118 *
134% May 16'
102%
Jan
123%
Dec
•26 %
May 28
24 %
Dec
114
Jan
20% May
110
Mar
100% Jan
29% Jan
19
5
27% Apr
25.
33% Mar
800
United
:
10
1
71%
5%
.
preferred
Biscuit
10
i—
Co
Carbon
100
r
w
No
preferred.—
conv
'United
1,200
100
,
Air Lines Inc
,4'%%
Jan
40
22
par
22% Mar 22
100
;
-
8
109% May 25
"
May 16
6
No
par
66
Jan
2
73% Apr
23
-61
vnr
26% Feb
1
29 % Apr
28
22
Jan
30c
9% Jun
i
Dec
Jun
11%. May 19
22% May 19
2
1% Jan
114
May
—No
33 % Nov
110% Sep
v
22% May 18
Co
70% Julv
"
10%
30 Va
*27%
29%
10% .10%
10%
10%
*28
10 %
*22%
22%
*28
,
United-Cart* Fast
-
10'A
9%
10
9%
29Va
*28
29%
Un
4,600
"
1%
1% ?
44%
22%
22%
*22%
1%
44 %
1%
'
-
1%
44%
44'%'
21
44%
21
23
23'A
23
1%
1%
44%
21%
44%
1%
44%
1%
44%
21
21%
20%
11%
10%
ll'A
10%
79%
82
20%
11
11
11
78
78
78
79
78
78
11%
11%
10%
11%
11%
11 Va
11%
11%
37%
37 Va
37
37 Va
vll%
11 Va
preferred
United
24.900
1%
Oorp
Cigar-whelari Stores
Prior
800
12%
20%
,
•
23 'A
23%
20%
new
20
—_
-.No par
No par
Corporation
$3 preferred———
v.-
44 Va
'
4,900
.
20%
: -
9,000
United
Drug
'7,000
United
Dvewood -Corp.i
38% Jan
2
!
5
15% Jan
1
9% Jan
2
37%
*36%
*100%
101%
101 Va
101
101
*78
78
'5
15%
27'A
»
16
1 %
44% May 23
31%
Apr
42 Va
Dec
12%
Apr
17%
Dec
Feb
ll7/a Aug
Apr
13% Feb
6
3
Jan
1 % July
22%
88%
*192
195
*192
17%
107%
1,000
Engineering & Fdy—
101%
'2,100
'Untied
16
27%
16%
%
27'A
108-
15%
10,400
United
27%
109%
8
8
104 Va
17%
*107
7%
7%
7%
1,900
*104 Va
8
104 Va
18
104'/a
1041/2
400
17%
107%
17%
*107
17%
*107
107%
18
5%
22%
21%
22 'A
22 %
22%
89%
195
V
89%
90 Va
90
91%
91%
92
192
192.
196
*192
19
*192
*
$6
U
196
18%
18%
18%
18%
*18%
18%
53 Va
53
53
53
53
*52%
53'A
150
51%
51%
51
51%
51 %
51%
51%
51%
'3,800
8
77b
10
9%
>/
35%
V
8'A
35%
!
•
■9%
*18%
8%
35 %
*112
112
112
10%
9%
8V1
7%
34%
*7%
7%
35
*112
34%
10
112%
9%
112
8%
U
10
9%
'
10
S
10%
*10%
10%
10%
10%
10'/a
10%
.1,200
43
X42%
42%
43
43 %
42 Va
42%
.1,600
*48%
49%
29%
29%
50%
*49%
50 V*
*49%
50 V*
49
49
29 Va
29%
29%
29 V*
29%
29%
29%
29 3
2%
59
166
58%
*165
2%
66%
66%
66%
67
82 Va
82 Va
81%
82 Va
67 V*
148'A
68 V*
67%
147%
67
66%
148 %
147%
26
26
47
47
26
48
48
48
4% V 4 %
7%
6%
4%
6%
6%
114%
114
*111
17%
18%
*17.%
114%
48%
27%
25 Va
6%
*«%
185
44%
93
*180
28
185
27%
24%
25%
25
14%
14
38
38%
*37
15%
15%
15%
15%
15'A
15%
''
15'A
49 %
*48%
49%
49%
49 Va
49%
*93%
96
*93%
96
93%
93 Va
*93%
*95
4%
4%
4%
4%
*63%
64%
*63%
64%
*190
1?0%
76
*73
76
29%
4%:
63%
*1.18%
73
*46%
46%
46%
46%
46%
40%
40%
40%
40%
*40 Va
*151.
For
•151
footnotes
see
105
*151
page
2463.
*95
29%
284
4%
4 1/4
•
63%
64
119%
r>nva
73
72
46 7 a
•
41
170
«»-*-.•
»»
•'
*1.-6
*156
*155
2
1
20
Mar
6
102% May 29
17% Mar
T
27% Jun
110
l
78% Aug
45 % Apr
8
»
Jan
26% May
75% Jan
'
11%
Dec
36%
Dec
91%
Dec
''
11%
Oct
15%
Jun
98%
Jan
109%
Dec
1
Jan
16
8
Feb
21
108
.Jan
11
18% Apr
108% Jan
6% Mar 26
104
;•
May 28
11% Jan
24
Rubber
Impt—
Co
7%
Feb
26
97%
Jan
107%
14%
Jan
21%
Feb
77
*, Jan
22
92
Jun
180% Jan
17
192
13% Jan
2
6% Mar 27
v
par
Jan
Jan
'2
15 %
95
emm
4'A
20
29
1,600
Victor Chemical
Va-Carolina
4%
120'A
4%
2,600
63%
700
*119%
72
120 %
71
46
46
40%
41
*155
*155
170
•
230
Va
30
Va
71
46 5a
*151
165
170
6%
'
•
El
&
Iron
6%
.
Jan
2
19
40
Feb
May 18
130
Jan
1
Feb
58% Jan
24
69% May
1
50%
24% Mar 29
26% Mar
1
Xll9%
Jan
par
47
50% Feb
6
22
May
9
44%
Apr
28
2%
Jan
May 23
2
149
May
Jan
24
5% Feb
4% Jan
23
7% May 2.9
par
98% Jan
5
114% May 28
—1
16 '
2
„
1
Jan
5% Jan
20% Mar
2
6
Dec
May
Apr
2% Apr
76
Jan
14% Jan
5%
Oct
106%
Dec
18% July
8
Jan
25
Jan
6
'5
47
Jan
24
31
Jan
41%
24
95
May 28
68
Apr
81%
Alfar 27
1«R
162
Mar
'
—1
27% Jun
_No par
21 Va Jan
1
Feb
6
2
28
Mar
6
17%
23% July
14% Nov
52
Sep
15% Feb
22
39
Mar
8
28
13 Va Apr
6
17
Jan
8
12% May
52
Mar
48% May 22
86 % Mar 26
100
90 Va Jan
5
24% Jan
20
9%
Oct
8
51
Oct
Jan
85
Dec
97
20
Jan
63%
70
Feb
85% July
25% Aug
May 26
33% Apr 19
5% Feb 20
21%
Jan
3%
Sep
9
Pow
69
Feb
20
50
100
118% Jan
8
123
Feb
19
113%
Feb
28
"38%
Feb
$5
pref
Coal & Coke
Detinnlng Co
5%
pfd
par
"l00
3% Mar 27
57
Dec
41%
59 Va Jan
—No
16
7
93% May 29
100
Chemical
Dec
Jan
Mar 27
Jan
IZZlOO
/
Dec
Nov
Jan
13
32
CoJ5%
176
July
28% May 28
Jio
Sugar
Dec
4% Nov
Jan
J7B
Dec
27% Aug
48%
75% Jan
3%
Dec
Dec
63% July
136%
39
inn
Dec
61% July
78
par
partlc preferred—
Preferred
4%
54% Julv
150
par
Works
preferred
Vulcan
—
4
60% Feb
par
5
Virginian Ry Co
300
2,000
—
div
Nov
69
Chemical Co
105
63%
Jun
48
2.50
Vicks Shreve & Pac Ry
57c non-cum preferred
29
64
37%
Jan
48%
Co.
*95
41 Va
*151
Vick
40
Apr
40%
May 16
Mar 19
Inc
Corp of Am
Vertientes-Camaguey
400
30%
3
55% Mar
May 11
Ine
2,900
50 Va
29%
Co
15%
41
:I
Pictures
Norman
*49V4
17
44% Apr
30
85
■
Sep
Sep
Jan
4
Dec
Dec
xl67
—I
Dec
10%
6
Jan
9
33%
113
Jan
69
Raalte Co Inc——
*92
Jan
Feb
2
•
.
Van
96
Jan
No
Van
1
5
16%
110
No
900
49%
:105
Laboratories
500
*46
•
•
a
—1
15%
Vanadium
3.600
-
43% July
8%
12
135%
Oct
51% Nov
Apr
9%
51% Jan
-25
15%
Jan
Apr
—5
37%
14
Jan
18
preferred——
nreferred
Universal
9,000
8%
42
34%
Jan
Stockyards Corp
8*5-
Dec
100
Universal Leaf Tob
400
186
No
Preferred
10
,
Jan
No
:
Co
non-cum
Universal
800
"
25 %
14
*37
600
176
72 '
$6 conv preferred,.
_~No
Universal-Cyclops Steel Corp
•:oo
V
27%
25
38
7%
Jun
5%
144% Jan
v
88
10% May 31
28% May 5
2% Mar 26
52
Dec
Mar
1
10
—50
10
12% July
70
>
.50
Corp—
S Tobacco
Jan
10% Mar
.100
Smelting Ref & Mln
S Steel
114
2
46
1
May
1
52% May 25
9 % Feb 21J
35% May 29
2
35
May 2.*)
19% May
23
9% Jan
1
54
30% Mar 26
7% Jan
..
24
May 25
22
No
-
1st preferred
non-cum
Dec
23
111% Jan
1
Sep
106%
5
10
_10
7%
Jan
10
17
—
Feb
Feb
Jan
par
4
95%
16% Apr
105
38% Jan
.20
United Stores class A
185
27%
14 Va
Va"
*48%
29 Va
*181
28
*14
119'%
9
Jan
,_10
United
93'A
14
119%
Mar
.„1
H
26,300
■
6%
*43
38%
105
6%
44%
93 Va
14
*73-
Jun
13% Feb
39
20
22
107 '
.100
-2,500
1
18'A
93
38
29%
*17%
*43
14 %
*95
'13% Jan
50
—No par
Preferred
U
*
114%
*180
U
120
*113
3£%
97
48
17%
*14
29
X48
II4V2
*37%
97
82
9
par
No
—
cl A
Preferred
.1.300
17%
18%
185
U S
1,400
26
*112%
113
6%
28%
149
x25%
7%
95
25 Va
67%
149
26
*48
43 Va
25
1,700
5
*180
Co
conv
preferred
Realty &
S
8 %
-30,100
68
149
7
6%
25
24%
68
67%
26
5
95
U
400
'A
5
43%
28%
66
83
7%
6%
27%
66 %
*81%
7Va
95
«
67
82
5
184
*179
5
_50
—
tU S
4,000
,4.400
!
7%
44 Va
6%
*43 Va
—5
No
Foundry
Playing Card Co—
Plywo.od Corp. j
S
400
5
95
6%
44 Va
92%
2%
59'A
166
7%
113
Mach Corp
preferred
Lines Co
U S
U
-
1
166
5
*17%
18
100
'
148 Va
*
94
*6%
*43%
89% Mar
'
48
4%
2%
58%
59%
166
66%
68%
25%
par
Preferred
100
•3,100
:
*81%
148
26
%
1
2%
59
166
66
148 %
2%
59%
166
83
65
*82'A
*25
2%
58%
*164%
par
No
L_No par
—20
U S Pipe &
•
*49%
3
Leather
Pnrtic &
U S
6,600
10 Va
58%
conv
Prior
60
43
167
_No
preferred
preferred
5%%
1,000
42 Va
3
10
U S Industrial Chemicals
1.5C0
34V2
112
10%
3
Jan
10% May 28
33% Jan 31
'
112%
42 Va
58 Ve
1
100
L—
Freigut Co—
S Hoffman
-
35%
1st
8
U
1,500
10 Va
*163
Improvement-Co.—13%"
Faperboard
7%
40
52%
35 Va
Gas
preferred
'U S Gypsum Co—
5,400
•
18%
112
;No par
U 8 ft Foreign Secur
--A-
52%
7%
5
United-Rcxall Drug $4.75 pfd No par
5.700
,
53%
112
•
United
6,100
107%
22 ;••
52
.*34%
Fryit Co-'———•
5
United Mercli & Mfrs Inc
220
8,800
*53
18%
Coal' Cos..;
'
16
27
109
27%
109
*108
22%
22%
88%
15% "16"
27%
108
104%
V
8
104
*107
107%
*87
Electric
'
17 Va
17
167i»
22'A
F
104
,104%
*106%
101%
66 '
'
United
United
'
109 Va
7%
8
*77/a
*104
15%
27 Va
27 Ve
*108
109%
*108
102
100
5,700
11%
'
15%
15%
27
102
Preferred
290
.,
37%
'
*
'
37 Va
37%
102%
11%
*37
Oct
21% May 18'
22
;.
.-
Co—
28
*
.
Dec
-Nov
130% May 31
24
100
preferred.
conv
United
••
v
111%
Jan
Feb
76
116
8
24
No par
:
9%
5
117% Jan
22
Aircraft Corp
300
26
70 %
5%
500
5,400
39
132
■'
251/a
V2
Car
Jan
20% Jan
109% Jan
May„l8
'
15.600
109
38
*128
39 Va
132
*110
>
1C9
109
38 V4
-
preferred
non-pum
Union Tank
900
113 "
100
No par
25
$4.50 series
Union Oil of California
3,000
28'A
27%
Carb
7,600
1
28%
*125%
111%
*26
26%
71%
30%
39%
129%
129%
•
•
xl 10% Apr
'
,
v
32
31%
32
29%
r
39
39'A
110
73
*105%
108 Va
108
38%
26
*71
29%
29%
108
26
*28
105%
93% May
51%
17% May 31
24
Union El Co of Mo $5 pfd—-No par
106%
130%
32
22%
130
IO51/4
24
78% Jan
Carbide &
113%
22
130
3
14% Jan
Bag & Paper
3,400
i
Va
105
*32%
58% Jan
union
Union
*
S
38%
130
*25%
113%
113
66
No par
No par
No par
Corp
5,600
'
108
*106
*31%
32'A
32%
22
Xl28
104%
31%
114
22'A
130'A
129
*104
130%
130
*105
113%
22%
22%
'22%
*112%
113
„
91
X90%
92 'A
*112%
113
113
113%
•
22 Va
22%
22
X91
■t
.
Sep
Jun
5% Mar
62% July
120
Aug
Jan
22
75
Feb
63
Nov
25
45% Jan
-IIIIII25
25
48
13
37
Jan
45
Dec
36 Va Jan
16
41% May 31
33
Apr
38% Nov
100
120
Mar
2
lno
145
Mar
5
155
-
May 25
147% Mar 26
102
Jan
149
Feb
125
Oct
161 -Number 4391
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
NEW YORK STOCK
LOW
Monday
May 28
Saturday
May 26
i
s/iari
$ per
AND
per share
STOCKS
Wednesday
May 30
$ per share
f per
V
RECORD
SALE PRICES
HIGH
Tuesday
May 21)
246
Thursday
snare
Friday
Sales for
May 31
J lint 1
the Week
s
per
t
share
Range for Previous
NEWF*?RK STOCK
EXCHANGE
Year
Range Since January 1
Lowest
Shares
sharm
per
i
Par
Highest
$ per share
1944
Lowest
t per share
I per snare
Highest
S per share
W
68 VA.
69
69 >/a
70
15%
15'A
15 VA
15%
15%
15%
15%
15 VA
*15%
15%
800
34%
34Va
34%
34 V*
3414
34%
34 VA
34 VA
34%
800
*106%
107 VA
*106%
107%
*106%
107 VA
107%
107%
20
68 VA
68%
68 Va
68 VA
68 VA
681/4
68%
68%
68%
*19%
19%
19%
19%
*19%
19%
19%
19%
11%
11%
11
11'A
11 VB
11%
9%
9%
10
10
2%
2%
2%
*2 VA
64 Va
*62 Va
*34
11%
11%
10
10
*2%
*62
.
69%
65
69%
*68%
107
107
62
*10
2%'
*61V4
71
70
*
19%
10%
200
*2VA
14%
14%
14%
15%
15 VA
15%
15%
16
15%
15%
35
35%
35%
35%
35
35'A
*34%
35 VA
34
34
16%
16%
16'A
16%
16
*26%
27
27
21%
27%
21%
21%
21%
*16VA
17
•
•
27 Va
*26%
21%
21 VA
37
37
'v-V 9%
9%
27%
*27
21%
21%
X21%
37%
-
27V4
21%
*37%
9%
27 %-•27 Va -
27 VA
16 VA
27%
16%
*26%
37%
37%
9%
27% '
9%
-
i
37%
37%
37%
9%
&%
9%
27%
27%
27%
27%
-
88 Va
*85%
88 VA
31%
32 Va
31%
321/s
*106
107 Va
106 VA
106 VA
106
*114
115
114%
1141/4
*114V8
115
*114'A
115
105%
106 VA
106%
106%
106%
107
106 Va
107
*116VA
117%
1161/2
116%
116%
116%
117
117
*25
25Va
25%
25%
25%
25%
*108
110 Va
110%
110%
*109%
110%
*24%
25%
25%
25%
25%
25%
*43%
43%
43%
43%
43%
44
6%
6%
6%
6%
6%
7
23%
23%
23 Va
24%
V
Webster
1,600
Wesson Oil &
86%
29%
29%
106%
106 VA
*106 V4
107 VA
114'A
114%
100
1%
106
106
290
6%
116%
117
,130
2,000
West
Penn
West
Va
25%
25'A
25%
110%
110%
25%
26 V4
25%
26 V A
43%
44
44
30
,
44
7%
24%
7%
7
5
6%
30
—1" '
30
pfd
No
31V4
30%
31%
8,500
35%
36%
36%
35%
36%
35%
36 VA
23,000
Westinghouse
45
46%
45%
47
46%
46%
46 VA
46%
46
46%
2,320
95%
95%
94%
*23%
24%
*23%
29%
29%
29%
12
12%
92%
*
*90
33%
33%
33%
12%
*100%
30%
*23%
24
*16%
11%
12%
33%
13%
100%
34
34
7%
*90
490
*33%
7%
7%
Wilcox
27,100
Willys-Overland
13%
13%
21,300
100%
100 VA
400
$6
fc—*
*131%
29%
29 VA
29%
48 V4
48
48 Va
56
55
55'A
—
29%
*29'A
29%
29%
29%
46%
46%
46%
47%
47%
47%
47 Va
55%
55%
55
55%
56
*84%
87
86
86
*88%
93
x86%
86
*88
90
90
90
*86%
87
*88
90
*88
*63
85%
84%
85
83%
84
83
84
*82'/A
*75%
77
77
77
77
77%
77%
78
*77
78
*14%
14%
14%
'
*14%
X55%
14'A
14%
14%
28
112
20
103
26% May 19
7
26% Apr
3% Jan
Dec
Sep
—
45% May
8% Jun
Mar 26
Apr
27% Feb
11,900
30
Co
100
-Apr
2
13% Jan
2
128
Jun 30
22% Jan
6
100
10
pfd—100
Woolworth. (F W) Co
10
Worthinaton P & M (Del)—No par
200
90
100
190
pfd 4 Va % series
100
Prior pfd 4VA % Conv series—100
Wright Aeronautical—;
No par
600
Wrlalev
12,900
-
Prior
mel)
Tr
No
69 Va Mar
pa*
5
Wyandotte Worsted Co
13
5
Dec
Deo
105 VA
Jan
101 VA May
36%
32
Dec
July
111
Dec
107% Nov
77
59VA
97'A
Jan
30
20'A
Feb
14
66% Jan
92 V*
15
18
Feb
22
20
Feb
29% July
5
Jan
May
1
9
4
May 31
Feb 13
Feb
X64VA Jan
24
July
104% Aug
32% Dec
Dec
July
9% July
87 VA
Oct
Jan
31%
Dec
4%
Jan
9%
Apr
6
Feb
20% July
24VA May
4
14% Feb
8
8
Jan
11 Va July
Apr 12
80
VA Jan
99% NOV
101
•" 100
Apr
2
17 VA May 7
132VA May 24
30% Apr 21
48% Jun
1
59% Apr 17
90
Apr 16
90
Apr 16
40% Jan 24
38
Jan 15
79
Jan
3
80
Jan 5
75
Jan 24
.
31% July
31 Va
19
15
May
May
9
16% Mar 26
10% Jan
2
10
'Wmi
■
6% Mar 26
———
17
31%
12%
93
34 %
97% Jan 15
called—
Jan
Apr
VA
25% Jan
27
26% Feb
3
Jan 23
Dec
6% July
16% July
29%
33 Va Apr
113VA Jan
11 OVA Apr
78
Feb
107% Jan
40% Apr
,96% May
4
8% Jan
37%
21
50% May 17
36 V* Feb 16
3
106'A Jan
1
37% May 17
32% Apr 26
1,700
17%
9
108% May 24
83
14%
lo
33 Va May 11
37% May 12
87
*86
VA
Dec
Woodward Iron Co
1,100
4
Preferred
Wisconsin El Pow Co 6%
—-
—
29%
*
110
Jan
par
No
preferred
Wilson-Jones
100
17
*16%
Feb
106
—1
Wilson & Co Inc—
100 »A
*131%
July
No par
Motora
23
13%
17
28
-5
Co—
100'A
*131%
Va'
Oil
13%
*16%
Jan
20
preferred-.
Prior
4,600
.
preferred:—
conv
10014
29 V4
*14%
$4
600
34%
7%
*100%
16'A
83% Jan 15
White Sewing Maoh Corp
70
13%
17%
23
22% Mar 21
26 % Jan 22
White Motor Co
8,800
23%
*16%
26% Feb
*
1
5,800
12
13%
*100%
17%
118%
—1
No par
30%
'
*131%
Apr
31% Jan 24
87% Jan 24
21% Jan
9
23
*100%
16
64
Jan 19
103% Apr 20
92
22%
Apr
2
100
100
11%
23 Va
118
No par'
-—
92
7%
22%
103
Wheeling Steel Corp—
No par
$5 conv prior pref
No par
White Dental Mfg (The S S)
20
90
24
34'A
'
•
95
34 VA
7%
Apr
116% Jan
85%
113%
par
Wheeling & Lake Erie Ry
5Mi % conv preferred
3,800
39
30'/a
May 29
No Par
12 V4
30%
107
,—No par
preferred
$4.25 preferred
_
104%
*23%
24
113
12.50
Instrument
$4.50
,
75
95
95%
Feb
12%
92
30%
30%
30%
92
23%
100%
95%
95%
*23%
12%
12%
17
108.
*71%
90
*100%
17
*106 %
75
12%
23
*100 %
108
*71%
95
95
24%
13
*131%
*.10 6 VA
75
38%
7%
100%
108
104%
96%
No par
—
Elec
Weston
-220
*71%
23%
22%
110
39 V4
28
Electric Corp new_50
Westvaco Chlorine Prod
1,800
*109%
*106%
7
7
7
33
110
105'A
Feb
Westlngliouse Air Brake——No par
700
33
32%
*109%
92%
12
*90
—
109%
38%
Dec
115
—100
Preferred
*10414
Deo
109% Jan 26
101
Jan
8
100
A
Class B
30%
39%
102%
22
*29
31%
36%
105%
Dec
Jan
29% May 25
x31% Feb 15
30
30%
39%
Dec
28
83
Dec
36%
*104%
85 VA
Feb
19
Deo
*29%
39%
Jan
18%
108% Apr
8
53% July
30%
104%
77
32 VA Mav 25
Jun
100
—
series
Preferred
30%
39
20
10% July
25%
100
100
Western Pacific RR Co com—No par
30%
104%
22%
Jan
2
100% Jan
Western Union Telcg class A-No par
*29%
*71%
6% Jan
23% Mar 26
Lines, Inc
1
Supply Co
10
Maryland Ry
100
noh-cum 2nd preferred—100
30%
75
Dec
2
84% Jan
preferred—
36 %
38%
31 VA
19
28% May 18
87
Feb 28
No par
PUip & Pap CO
30 %
104%
Jan
39T« Feb
11% Mar
Jan'
>
24
Sugar
30'A
38%
23
3
May 10
9
No par
31%
*29%
*71%
30% Jail
5" '
Inc
■»,- I
66 VA
23,400
*104%
Dec
Feb
49 VA
75
22 Va
Dec
49
108
Apr
Dec
50
*106%
15%
41
49
108%
20
29%
65
50%
108
24 Va Feb
'
50% May 29
49%
108%
Aug
85% Apr 28
50 Va
*107
25~
45% Apr 28
49%
33
Apr
2
49%
32 VA
"
24% Jan
2
20
Mar 26
par
2
300
49'A
33%
22 Va
27% May
16% May 23
44
Mar 26
26% Jah 6
7,400
44%
85%
32
Deo
9
16
May 31
37% May
8
18% May 7
30% Jan
64% Jan
4%
5.900
43 V4
331/4
July
Mar 27
Jan
*81%
99
15
36 Va
Mar 26
7%
85 Va
33%
62
Apr
Feb
66% Feb
13
30
1
43%
31%
Jan
11%
22%
57% Jan-15
25Va Jun
85%
33%
45
Aug A
May
2
43
109
14
2 Va
13% Feb
25 VA
85
33
Feb
17
13
43%
31%
V
1%
2% Apr
22
22%
109%
i".
10'a Jun
11% Mar
4% Jan
43 Va
31%
NOV
Jan
32% Jan
*81%
109%
x20
Jan
8
17% Mar
43%
X33
Jan
7%
1
Air
84%
31%
17'A
7
AUto
43
34%
24
Western
82%
31%
Nov
Western
43%
*33%
68
Western
82%
*29'A
Feb
5
—3
4%%
48
11% May
11% Mar
'
Snowdrift,
Power
27
No par
Corp_
preferred
preferred—
Apr
1,700
43
31
Indies
Nov
20% Feb
2
2
—„50
:
«
X105
72
1% Jan >2
Pipe—*
Dec
108% Nov
6
2,100
*82
23%
8% Jan
9% Jan
8
38,400
%
8
23
22%
,
*
Corp——
1
West Penn Electric class A—No par
West
14,900
110 VA
*109
No par
7
May
110% Apr
61% Mar 27
19% Apr 16
No par
$4 conv preferred—
*85%
30%
25%
2
No par
Tobacco
86 VA
*
106% Jan
Wayne Pump Co—
*85%
~
31%
100
Petroleum
X29%
106
Dec
Apr
Pictures
&
8,900
9%
*
Dec
14%
2614
Waukesha Motor Co
900
-
68
Jan
Washington Gas Lt CO.——No
1,000
38
10
Jan
10%
preferred
Warren
800
-100
27%
*85%
31%
16 VA
40
16% Mar 10
——No par
Bros
76% Mir
35
„
Warren Fdy
1.000
27%
31%
*85%
V4
$7
2
10
24
Baking Co 61 A
Warner
89,000
I
Jan
30% Jan
preferred
Co
66
13% Jan
Class B
100
63
*61V4
Ward
600
2%
Walworth
100
-No par
us——No par
G & W——No par
(Hiram)
Div redeem
10,900
*10
63
Walker
200
11%
VA
preferred
Waldorf System—
Walgreen Co—
4%
preferred
600
69
19 V4
2V4
Wabash RR 4%%
1,100
11
10%
*2%
64
70
10% Jan
123
Sep
July
20%
Jan
41 Va Nov
47%
Jan
82 VA Nov
49
Jan
84
Nov
69'/a
Jun
91%
Dec
58
Apr
74%
NOV
13
Dec
14
Deo
May 31
78
17 VA Jun
Jan 22
July
24
99V4Feb 27
9
14%
125
19% Apr
36% Jan
1
Sep
44%
Oct
Y
41
41
41
40%
17%
17%. 18
18
18%
23 VA
24
24
24
24
48%
48%
48%
41
18
X23VA
47%
40%
*39'A
40
300
18%
*39%
40 Va
17%
22%
,
Tale
17%
18
5,600
York
23
23 V8
900
48
23%
48%
48%
12,200
Corp
32% Jan
28
1
& Towne Mfg. Co
i
42
24
^25-
39 % Jan
22
51
105% Jan
No par
Youngstown Sheet & Tube—No par
5%% preferred series A—*—100
Young Spring & Wire.
13
17
19
110
46%
47 Va
47%
106 Va
106%
23%
*106%
106%
106 VA
*106%
106 VA
106 Va
23%
23 VA
X23VA
23 >A
23 VA
23 VA
3,100
Youngstown Steel Door
Nd par
20
23'/a
106%
23%
220
39%
39%
39%
39%
40%
40%
40'A
40
40'A
1,300
Zenith Radio Corp—
9%
9%
9%
10 Va
10
10%
10%
10'A
10%
10%
12,700
No par
1
36% Mar 26
39%
23
•Bid
prices; no sales on this day.
and asked
tin receivership,
107
delivery
a Deferred
a New Stock
Zonlte Products Corp
r cash sale.
•
Special sales, wd When distributed.
-
-
Friday———
T0tal_
Bond
Bonds
Bonds
Sales
1,214,710
-
—
Tuesday
Wednesday———
Thursday
Government
-
9,303.000
1,429,281
10,421,000
6^511,601
-
45,500
11,054,500
47,200
28,400
$139,600
•
■
»
U. S. Government
Foreign
Railroad & industrial
Total
4,422,690
$139,600
50,670,300
3% Jan
x-Ex-dlvldends.
Thurscdav
•
336,825
466,000
373,000
282,000
1,609,730
$1,971,000
$1,120,000
—
—
——
-
-
-
—.
1,208,706,700
$20,000
$249,000
47,000
2,000
569,000
1.944
47,922,600
24,653,775
1944
$68,535,000
$81,090,000
22.762,000
3.755,000
542,000
1,333,207,100
482,000
$3,114,000
$3,653,000
$91,839,000
$85,327,000
Total.
representative stocks and bonds
compiled by Dow, Jones & Co.
-Bonds-
Total
10
10
Second
First
20
Utili¬
65
Indus¬
Grade
Grade
trials
roads
ties
Stocks
trials
Ralls
Ralls
10
Utili¬
ties
Total
40
Bonds
57.49
30.96
62.75
106.80
115.34
98.68
108.78
107.40
166.40
31.05
63.43
106.82
115.41
108.70
107.37
58.29
98.57
168.21
58.53
31.39
63.78
106.74
115.49
99.07
108.70
107.50
57.90
31.00
63.32
106.73
115.50
98.99
108.69
107.48
168.30
—
Jan. I to June i
1945
989,098
18,000
Rail¬
58.89
31.45
63.67
106.75
115.41
99.00
108.68
107.46
168.08
.
367,000
86,000
30
.
$3,114,000
$3,549,000
IB
.
$23,000
23,000
daily closing averages of
169.08
840,000
1,120,000
Indus-
—
1,000
$1,971,000
10
.May 28
May 29
May 30—...
May 31
.
1,092,000
607,000
Holiday
Foreign corporate—
the New York Stock Exchange as
Date—
Total
$8,000
Foreign government.
-Stocks-
June 1
July
6% July
Bonds
Domestic—.
Stock And Bond Averages
May 26.
44 VA
1,609.730
Stocks—No. of shares.
$3,195,200
46,891,500
Foreign
Corporate
85,000
—
-
Total
95,642,494
Below are the
on
20 Va Peo
Bonds (Par Value)
Foreign
Government
$213,000
520,000
485,000
Friday.
$52,862,700 $1,261,509,610 $1,383,293,800
listed
Jan
July
106% Nov
yEx-rlghf.
326,545
Tuesday
Bonds
$47,534,300
Jan-
33% Jan
1945
$2,834,650
49,968.260
2,085,000
45,419,200
13
*
1
184,020
356,530
405,810
1944.
160,823,764
$107,400
1,975,500
96
15
-
Monday
$47,534,300
19415
1944
6,511,601
42% July
Feb
Week Ended June 1
Stocks—No. of shares
Apr
42
Domestic
Jan. 1 to June 1
Week Ended June 1
1945
33%
10% Jun
7
Shares)
Saturday
Wednesday
$1,975,500
$45,419,200
Mar 21
15% July
20 %
May
of
9,807,500
17,500
616,000
$5,043,000
9,476,200
11,176,000
3
1,1945
Week Ended June
$5,203,000
9,774,400
11,694,900
$1,000
$159,000
251,000
490,500
Holiday
459,000
656,850
1,570,036
1,600,724
Saturday
Monday
Foreign
Bonds
2
% May
36% July
Jan
25 VA
(Number
Total
Railroad.
Shares
Week Ended June 1,1945
9% Apr
Stocks
United States
and Mtscel.
27VA Mar
14%
Daily, Weekly and Yearly
Daily, Weekly and Yearly
Stocks,
Mar 26
5% Jan
9
FQb 19
Transactions at the New York Curb Exchange
Transactions at the New York Stock Exchange
Number of
May
18% May 19
mifJan
19% Jan
Holiday
Holiday
i
THE COMMERCIAL & FINANCIAL CHRONICLE
2464
Bond Record
New York Stock Exchange
«»
FRIDAY
WEEKLY
-
1687
YEARLY
-
sssm&zi SFJSVJS&SVZS xizr™"
s:caEn7pX"
«.
The italic letters in
*»ond# mature-
Indicate in each ease the month when the
the column headed "Interest Period"
RANGE
FOR
WEEK
JUNE
ENDING
1
HUBDBnHHMBHHHHnBnHnH
bonds
U.
Stock
8.
Interest
Exchange
Treasury
1947-19H1
1946-1958
___1946-1949
1949-1952
3s
;
1946-1948
3s
1951-1958
2%s
1955-1960
2%s—
1945-1947
2% 8
1948-1951
2%S
1951-1954
2%s
1956-1959
2Vis
1958-1963
2%S
1960-1968
2 V2S
1943
2 Vis-——-—
1948
2%S.-.1949-1953
2Vis
—---1950-1952
2Vis
1952-1954
2Vis
—
1956-1958
2Vis
1962-1967
2Vis
—;—1963-1968
2Vis
June 1964-1969
2Vis
Dec. 1964-1969
2Vis
19G5-1970
2 Vis
1966-1971
2Vis
1967-1972
2%s,_-.—1951-1953
2Vis
1952-1953
*
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
2Vis
2 Vis
Treasury
2s
1956-1959
1947
1948-1950
1948-1950
1949-1951
1949-1951
1949-1951
1950-1952
1950-1952
1951-1953
1951-1958
1952-1954
1952-1954
Treasury
Mar
Dec
2s_———Jun
2s—-.-———-Sep
2s
Dec
2s
—March
2s_
Sept
2s
Treasury
2s
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
.
Treasury 2s
Treasury '2s———
—June 15
Dec 15
Treasury 2s
2s
Treasury
2s
Treasury
Treasury 1%6
1 Vis
M
series
1432
York
New
103.27
102.26
103.20
102.21
*109.28
109.30
*102.15
102.17
*111.17
111.19
1945-1947
3%s
Series
3%s
Series
No.
111.27
3Vis
Series
No.
20.
*113.20
113.22
112.27
114
3%s
Series
No.
100.22
100.24
101.17
3%s
Series
No.
22
105.16
106.11
3Vis
Series
No.
23
109.25
110.15
3Vis
Series
No.
24
25—
el05.16el05.16
i
109.25
M-S
*113
*113.12
113.14
*114.13
M-S
J-D
;V
,
■
m-S
101.4
*105.20
1
,
114.15
*101.2
J-D
J-D
105.22
*106.31
107.1
.
113.7
3%s
Series
No.
112.23
3%s
Series
No.
26
114.19
3Vis' Series
No.
27
3 Vis
Series
No.
28
3%s
Series
No.
Series
No.
—
—
£
•
107.4
*107.25
107.27
M-S
*105.26
105.28
M-S
el06.25el06.25
3
102.17
102.17
1
100.28
101.22
101.22
i:
107.15
100.18
J-D
'
mmM.
J-D
—
——
102.17
j-j
——
J-D
—
m-S
104.24
r
104.24
102.25
1
102.20
Z-
'
102.27
102.27
102.27
102.27
102.26
102.27
*102.26
102.28
102.27
102.27
3
100.17
102.28
13
100.13
102.26
101.29
101.29
102.24
—^
3
102.10
101.9
15
120
112%
122
'
f-a
*66
a-o
*66
1968
m-s
*73'/a
61
80
35
.37%
j-j
37%
5
37%
37 Va
1
*37%
—
—
35
•
38
34
37%
37
37
5
34
37%
A-O
31%
31%
8
30
33
*31%
30
33%
series
External
sec
s
f 7s 2d serles_„1957
A-O
AExternal
sec
s
f 7s 3rd series—1957
A-O
*31%
32%
—
j-d
101% 101 Va
2
86%
101%
101% 102%
101% 101%
33
100%
102%
Antwerp (City) external 5s——1958
Argentine (National Government)—
1948
loan 4Vis
1971
lOlVi
m-n
101 Vi
10
95
98%
98%
99%
47
90
a-o
99%
98%
98%
98%
48
90%
98 Vi
loan 4s Feb
conv
loan 4s Apr
1927_
„
External g 4Via of 1S28—
external 6Vis
1987
-1958
j-j
m-S
104%
100%
j-j
-1955
f 6Vis of 1926
m-S
.1953
(Int reduced to 3.5%)
10o% 107
M-N
.1949
|A£razll (U 8 of) external 8s
.Stamped pursuant to Plan A
J-d
.1941
*
A-O
107 %
!
tint reduced to 3.375%)— .1979
AExternal s f 6Vis of 1927
.1957
24
72 Vi
72 Vi
73%
A-O
70%
71
19
4
70%
54
69%
3
52
66
12
52
08%
A-O
3Vis Series
No.
Series
No.
Series
No.
3 Vis
Series
No.
3%s
8erics
No.
3Vis
Series
No.
3%s
Series
No.
Series
No.
Series
No.
3Vis
'3%s
Series
No.
S%s Sereis
'J3%s Series
No.
;
For
...
No.
footnotes
see
19%
19
17%
19%
20.
18%
A-O
19
18%
19%
17%
19%
18 Va
19
6s
1961
F-A
.Jan
196i
1961
19
18 34
sinking fund 6s
.Sep
assented
1961
.Sep
M-S
1961
M-S
1962
a-o
1
18%
19%
18%
5
17 %
19%
18%
19%
—
J«b3
-1957
J-D
J-D
1961
18%
—
18%
A-O
M-N
18%
M-N
1960
~~
18%
Oct
1981
a-o
1961
J-J
1926__
1946
1947
17%
17%
18
16%
17%
34
20
26
34
77
F-a
—
—
5s_
—1952
IZ~ —1953
Rica
(Rep of) 7s
—1951
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4%s__
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wks
debt—
8s
External
gold
B
—1952
—1955
(Republic of)
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ZZZZZZ
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stamped
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part
A 6s
part
paid
paid
(Republic) s f 6s
Helslngfors (City) ext
Irish Free State extl
AMedellin
Mendoza
109%
105%
108%
110
111
3
154
66
66
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68
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68
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51
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68
68
10
52
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52
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70
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—
1
3
■
4
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5
_
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7
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r
72
72
71 Vi
53
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71
72
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72
71%
72%
53
52
72%
68%
68
Vi
27
52%
68 Vi
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nzzzzzzzzzz;
32
*66%
67%
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68
55
51%
66%
51%
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64%
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68
105
94 Vi
94%
95 %
29
80
99
91
90%
91
5
77
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101
101
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—
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65
44%
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__
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t-
s
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—
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f 5s
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(Prov) 4s
" —19S8
sTilesT
1952
1960
—.1980
Bk)~7s" —1657
6%s
-1954
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Mexican Irrigation—
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assented
A Assented to
Nov. 5.
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27
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7
993/4
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a-o
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14%
96
1
60
98
108
102
1
12%
32
—
27
100%
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12%
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100%
30%
'94
11%
34%
-
M-N
12%
agree
"
12%
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2
14%
For Financial
Institutions
FOREIGN SECURITIES
firm trading
markets
C^gLMARHS
& pp. inc.
,
FOREIGN SECURITIES
SPEaALISTS
^ Broad Si.,
New York 4, N. Y
Telephone HAnover
2-0050
23%
86
100 Va
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*31
25
100
82%
__
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74
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60
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9
page
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WW
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108
1
2
110
8
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1945
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95
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1949
_.
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31%
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156% 156%
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87
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89%
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~~
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1926—
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fund 5%s
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2d series. —1961
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series
41 Vi
WW
89
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—
77
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36
77
69
—
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89
M-N
J-J
1945
—
-
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68%
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_
2
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_
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1949
w
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1927__
3
~4
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—
1970
1947
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__
17%
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18
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•
33
—
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1951
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17%
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1960
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1
—
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18
5
18%
—
19 Vi
19%
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—
—
1962
19
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1962
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17%
6
18
—
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_
19 '
—
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19%
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1961
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1957
assented
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assented
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of
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—
—
assented
19%
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sinking fund 6s_
WW
19%
19%
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—
of
29
18%
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1961
A
A
19%
'
Plan A
,;3%s Series No. 2
3Vis
70
18%
73%
70
105%
105%
36
66
59%
20
funding bonds of 1931
3%s
71
52
(Int reduced to 3.375%)
1979
External $ bonds of 1944 (PlanB)—
,
69 Vi
57%
2
73 Vi
No.
2
.
71%
73%
102%
104
__
66
j-d
Series
53
52
j-d
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73%
57%
1978
*
107 %
59%
1
-1952
pursuant to
101%
4
Stamped pursuant to Plan A
5%
103
71 Vi
66
'.Stamped
103
66
66
(Central Ry)
102
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70
#
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95%
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107 %•
66
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.1979
.
100
100 Va
r:,;.;Stamped pursuant to Plan A
(Int reduced to 3.375% )
99%
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W
70%
101%
100%
—
j-d
-1957
164
*101% 102 Vi
j-d
.1978
104% 104%
100% 102
17
*103% 108
.Stamped pursuant to Plan A
'
33%
F-A
conv
f extl
47s
30
1972
5s of '25-1955
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S
(Commonw'lth)
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8
■:
f
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38
,
37%
9
*18%
(Republic of)—
67%
79
—
j-J
s
s
(Hukuang
70
62%
92
106%
„
.Feb
assented
External
1948
106%
102%
8
*17
A-O
1061
.Feb
ACliile Mortgage Bank 6%s._.
a6 %s assented
Cuba
1957
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external
a 6s
A Costa
1943
7s
6s__
assented
Copfnhagen
r
1947
4s
108%
102%
105%
—
!
i,
106%
105 Vi
70
111%
12
—.
105
M-N
1960
ASinking fund
1-1693
f 7s
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AW.v
fund
(City)
25-year gold 4Vis
1
109%
'
102% 102 Vi
70
95
e~-i.
105
*105
__
M-N
ASinking fund
NY
f 7s series D
f
1943
1960
sinking
AExtl
T eletype
,
s
s
7s
1942
Colombia
s
External
f
assented
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f 6s
s
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•
a 6s
assented
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Cons Murxlc
-
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1945
s
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101.23
V Vi
7s series C
External
(Rep)
3s external s f $
bond~sl
AColomhia Mtge Bank
6%s__
Broadway, New York
f
Uelglum
J-J
AExtl
Wertheim & Co.
Members New York Stock Exchange
105
*105% 105%
J-J
195*
15
*107% 108%
105
M-N
J-J
A6s
s
of
110% 110%
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a 6s
A External
5s
a-o
1953
J
-
ell7Vi 119%
j-j
External
76
1958
^7s assented
\
Foreign Securities
j-j
Australia
96
63
1948
a 6s
1943
4Vis
83
15
a 6s
1943
conv
80 Ta
6
AGuaranteed sink fund 6s_.
7s series B
f
2
15
AExternal
119%
95
15
100.25 103
101.22
•'94 %
96
Jan
8s__
94%
8038
77
Jan
(City)
80%
95%
96
J-J
1968
95
9
30
i
*66%
__Jan
A Chile
103
6
106.24
'ZJ; *101.20
95
V
J-J
M-N
J-J
fund 63/4s
a6%s assented
f
f external
1960
'
*106.22
*'
j-d
s
8
A-O
_1967
AGuaranteed sink fund
(Dept) coll 7s A
8
94%
__1961
2%s
J-D
A External
A
30-yr 4s
3s
103.2
A
1st
94
94%
_1984
ASinking
(iilng of Norway)
AAntioqula
94
3s
103.3
102.26
J-D
101%
95
94
.94%
1975
bonds
3s—
'
j-d
*95
—-
M-S
.1976
3%s
103.5
——
(Dom of)
A Carlsbad
97%
■
102.26
j-d
*100%
"
102.20
102.24
3
68
F-A
3s
'
102.24
*
f $
s
30-year
103.12
'
J.—'
53
1970
_
1980
fund 6s
sink
AGtd
A
Canada
103.28
*102.24
•
m-S
j-d
100.27
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■
9
1977
f 4%-4%s
external
25-year
102.24
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s
f 4%-4%s
30-year
10
102.20
*102.23
J-D
3%
— —
104.10
102.20
m-S
External
102.10
*104.8
j-j
102.3
103.29
107.26
s
M-S
'
103.12
68
68
M-S
100.30
103.16
*102.8
——
100.18
67
1961
stamped
107.19
'
108.21
103.12
*103.14
J-D
j-d
10
104.10
*108.19
—
m-S
■:
32
*104.8
J-D
m-S
101.1
52 %
101%
102.2
103.29
17
103%
a 6s
107.11
66
e68
95%
Refunding s f 4%-4%s
External readj 4%-4%s
103.28
51%
100 Vi
External
101
51%
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101.22
*107.9
7
14
(Province of)—
101.25
—
68
e68
*100% 103%
Buenos Aires
102.4
100.10
68
68
e68
F-A
100.15
——
65%
*66%
...
J-D
100.17
—
52
68
1958
36
M-S
67
Vi
.1957
'»*•»
M-S
51%
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67%
68
6s
101.12
J-D
68
.1950
fund gold
101.13
15
68
51 %
e68
101.11
101.3
51%
51%
8
—
*101.11
101.1
6
98
68
:
j-D
el01.3
67%
68
67%
Sinking
__
—
66
67%
—
J-D
M-S
66%
(City) s f 5s
Sinking fund gold 5s
.
—
64 Vi
52
67 3/4
67%
—
Brisbane
1
68
51 Va
30—
—
■*
•'
67
51%
29
67%
68
29
3Vis
"-"u—
68
673/4
51%
7
68
112.10
—
High
51%
59
*66%
—
112.21
'—
Low
51%
—
113.2
113.2
J-D
January 1
*66%
21—
*100.20
*109.23
•
*66 %
_—
m-s
M-S
No.
67%
67%
68
19
M-S
J-D
1,
70
67%
103.19
No.
Range Since
Sold
,
Low
*66%
103.19
—
a 6s
AGtd sink fund 6s
Akershus
NO.
Bid & Asked
*66%
111.4
—
Municipal
Mtge Bunk (Colombia)—
Agricultural
No.
Series
Bonds
Friday's
or
—
AExternal sinking fund 6s
a 6s assented
Telephone
Govt.
Series
3748
Last
Sale Price
High
{Continued)
No.
3 Vis
•
City
Corporate Stock
Foreign
bonds
$
Series
A 6s
REctor 2-2300
^
103.25
Unification Issue—
Transit
3%
102.19
3%s
Loan Corp—
Owners'
Home
1953-1958
June 15 1948
M-S
*102.17
M-S
1954-1950
Treasury
109.24
J-D
——
Treasury
Treasury
108.21
*102.19
(Continued)
External
108.21
J-D
.
Treasury
High
*108.19
J-D
.
Treasury
LOW
Brazil
Exchange
v
^
Week's Range
Friday
Interest
Period
Stock
January 1
No.
Low
York
New
Range Since
Sold
A-O
3%S«. —;i
3Vss
—.i—
3 VaS
Treasury
Treasury
Bonds
Friday's
Bid & Asked
High
4Vis
Treasury
or
Government
Treasury
Treasury
Last
Sale Price
/
'
BONDS
Week's Range
Friday
v.
Period
York
New
Monday, June 4, 1945
Telet;pe
N
y
i m
Number 4391
Volume 161
THE COMMERCIAL & FINANCIAL
CHRONICLE
2465
NEW YORK BOND RECORD
RANGE
BOND
w
New
Friday
Stock
York
FOR
Exchange
Interest
Last
Sale Price
or
Friday's
Bonds
Sold
Mexico runt exu o& ox
1899
£___1945
Assenting ! 5s of 1899....
AAssented to Nov. 5, 1942,
AAssented
AAssentlng
Nov.
1954
Low
High
18%
18%
16
171/a
10%
13
5,
*20
Q-J
*18'/a
*1658
J-D
5,
Nov.
to
Q-J
agree
1942, agree
1910—1______1945
of
4s
AAssented
.1945
1904.
to
1942,
.1933
YJ
—
-
12
12
121/4
12 V2
12 Va
2
10
16
17%
151/2
I2V2
151/2
22%
22%
38%
47%
37
37
*221/2
agree
Sec external s f 6V2S
1958
Stamped pursuant to Plan A
(Int., reduced
ASet external
__
to
Members
61
MS
47%
47%
1
AMontevideo
19oy
External
*
M-S
41
47
*2
47
External
sink
118
fund
1963
f 5s
s
(State of)
a Nat
Loan extl
(Rep
(Int reduced
AExternal
Stamped
Janeiro
de
MS
MS
105 %
47
47
A-O
22%
A-O
23
to
J-J
24 %
*31
J-D
25
14V4
26
9
14%
1st
44 %
47
(Int
1940
2.375%)
*78%
103% 105
A-O
(Int
reduced
Rio Grande do Sul
A8s extl
to
to
42%
—
pursuant
reduced
(Int
to
to
F-A
*36
of
external loan
A-O
53
1999
♦
.1968
J-D
—2012
goldPlan
41
46
46
to
40
35%
—
53%
1966
1926
43%
br externa)
Fnvtn
Paulo
§ASan
.1967
40
M-N
48 %
1
A6%s extl
48%
0
►
M-N
1957
"44%
'
,
*37%
56 Va
j-j
M-S
July 1948
4%
at
44
29
38
104'/a 104 Va
10
103
38
38
104
Va
50
46%
%
105
A-O
105 %
104
A-O
104%
103% 104 !a
105 %
168
98 %
105%
to
July 1948
148
99%
104%
J-D
87
85 %
97%
352
66%
87%
1993
J-D
91%
89%
91%
172
75
91%
2000
M-S
86%
85%
87 %
157
66 %
87%
1996
M-S
87
85
87 Va
184
66%
87 Vi
F-A
72%
72
73%
544
55
M-N
99%
99%
99%
89
94%
100%
1%
to
—1995
(int at
1%%
due
(Int at
1%
to
due
ser F
(int at 1%
to
1st
1
M
74%
(int at 3% 7*
1947)
due
1950
J-J
98%
97%
98%
203
86%
100
ref 4s A
1959
J-J
99%
99 Va 100 Va
26
91
101
4s
1951
J-J
97
97
14
86'/a
1951
J-J
96%
97
6
86 Va
Aroostook RR—
130%
101%
*102
Consol mtge 3%s series F
1959
J-J
*106% 107'%
Consul
1960
49%
40%
48%
98 Va
98
—1956
.
.*51 '
"51
M-S
J-J
*44%
ft 4
51
-•
a
J
-
loan
Stamped pursuant to Plan A
(Int reduced to 2% )■—2012
s f
7s_
1940
5 A Secured
M
.
39
1st 4s
-
87%
64
107%
105 Va
105
105%
10
104
106% 106%
17
105%
*107
*106
107%
J-J
100%
M-N
75
F-A
M-N
1950
__
M-N
—1969
M-S
—...1969
74%
80%
Consolidated
103%
80%
63 la
5
81%
108%
107
106%
1
106 % 106%
4
110% 110%
17
28
■>
106%
109 A
106%
..
106% 107
110 A
105%
*
107%
109'/a
111%
109
at
1957
Jlf-N
83
81%
83
138
73%
1934
of
A-O
47
46%
47
131
31%
45%
45%
6
103% 103'/a
9
*^.1
deposit
45%
—
A-O
1952
5s.„.i
108%
Ry—
(Interest
1, 1947) due
ACertlficates
106%
98
70%
38
*106%
109.i!i 109 A
106 Va
104
27
13.9
80%
J-D
modified
I
110%
FrA
to May
75
107
M-S
1981
100% 101 %
4
107%
107 S
105 la
107
105% 106%
F-A
..1947
4%s B
104
107 %
A-O
1968
9 A 1st Si coll 5s—
40%
66%
~5
102'/a
106 %
JBurlington Cedar Rap ti Nor—
4G%
36
*43%
101%
101 Va
M-N
1955
Bush Terminal 1st 4*
J-J
131%
100%
107
Niag Elec 3 %s series C_—1967
Stamped
40
37
50
Air L
f debentures.
3%
129%
1
M-S
July 1970
Buffalo Rochester & Pgh
.48...
105%
F-A
I960
A
cons M 3 Vis
Buffalo Gen Elec
w
i
40%
"V
■
,i
;
3
101% 101%
1955
Bklyn Union Gas 6s series A
Gen mtge s i 3%s_
Buffalo
102%
130 % 130%
1961
Eiclyn Union El 1st gold 5s
%< 55%
102'/a
...
1967
II—
mtge 4%s ser
F-A
1965
mtge 4s series RR
series
f A Boston k N Y
43%
•
J-J
G
M 5s
Bklyn Edison
40
45
mtge 3s series
gold 4%s series JJ
AInc
*102%
Corporation—
1st
56'/a
43%
60
Steel
1st
45%
37'%
3
2 Vis
1st
42
45%
42
56%
Loan
Consol mtge 3%8 series H
Boston & Maine 1st 5s A C
39%
37 %
—
Indus
debentures
4s s
—1968
dollar
17
A-O
41
Jtf-N
*46
eXtl
46%
40 I
45%
Feb 11960
C
1946)
Div
Bethlehem
98'/a
J-J
A 6s
1948
due
ser
1
Jan
ref
2%s
50 '/2
Stamped pursuant to Plan A
1
(Int reduced to 2.25% )——2004
.
109%
J-D
90%
11
-1999
f'igf-:- (Int reduced to 2.5%)-loan—
46 vi
1953
due
k
4s
40
42%
*57%
water
109%
96%
A-O
36
*51
extl
107 %
104%
44
1956
1
J-J
A7s
104%
50
106% 107%
1950
30
J-J
Stamped pursuant to Plan A
f(
111%
110%
106% 107 %
1960
98%
,——1950
.,i
:
external—
J-J
♦106%
107
Beneficial
50 Va
Stamped pursuant to Plan A
(Int reduced to 2.5% )—-—1999
r
A 8s
8s__
J-D
Bell Telephone of Pa 5s series C
501/2
J-J
(State)
M-S
1948
45%
39%
47'/2
1936
Paulo
M-N
1964
A-O
981/2
98%
Stamped pursuant to Plan A
(Int. reduced to 2% )_——2012
|ASnn
a
Beech Creek Extension 1st 3%s.„—1951
36
MS
1952
f
s
110%
110
—
110!
45
39%
50
J-D
1964
I una 4s
8s__
secured
*.._
54
35
2004
2.25%)
sink
(City)
*111%
123
*105
36%
~6
45 %
40
Stamped pursuant to Plan A
r
(Int reduced to 2.375% )—2001
>
111
45
43%
to Plan A
2.25%)——2004
to
123
110%
45%
6
49
J-D
loan
reduced
117
stamped
Bangor
39 Va
Stamped pursuant to Plan A
(Int
gen
Dec
S'west
41
37
5
J-D
Pgh L E & W Va System—
Ref gold 4s extended to—1951
50
A
2%)
Stamped pursuant
(Int reduced to
municipal
45
45%
115'/a
6
A
2.5% )_
Afi« external sink fund
&
A Conv
Con
—1948
to
1946)
Toledo Cin Div
2012
Plan
to
pursuant
Stamped
A-O
F-A
*
a
122% 122 Va
*111%
J-D
1963
Sep 1 1946) due
71%
A
2%)
(int
38
104%
(Stale ol)-—
reduced
(Int
A 7s
Plan
loan of 1921
Stamped
A 7s
2001
6Vis
sec
1
gold
Ref k gen
71 %
*49
133%
RR—
Ref & gen ser D
101%
...
High
129%
Ry—
A
49%
41
37%
M-N
,.1953
reduced to
Stamped pursuant
mtge
to
47
Stamped pursuant to Plan A
AExternal
4%s
122%
j-d
LJuly 1952
4s
Ref & gen ser A (int at
Dec 1 1946)
duo—
50%
F-A
Line
„
cons
Sep 1 1946)
1947
8s
1st
Ohio
&
Oct
A
7Vis—1952
Air
mtge gold 4s
Stamped modified bonds—
28
1
2
January 1
Low
B
36
50%
49 %
Range Since
Sold
No.
76
1946
1st
27%
25
49%
Charlotte
unified
Baltimore
34 Va
25%
J-J
Bonds
High
131% 131%
1960
gold 5s_
mortgage 3%s_—L
Ref
2006
Friday's
122% 122 Vi
Nov
J-D
1955
1910___
1st
mortgage 4s
Atlantic Refining deb 3s„__
24
16
3
1905
131%
M-N
1955
24%
32
47
1995
;
Second
25%
50%
47
A-O
24%
18'%
35 %
or
Bid & Asked
25 %
18%
~7
4s
1909
Atlantic & Danville Ry 1st 4s
40 Vi
25%
24%
Last
Sale Price
1995
Nor
&
General
A
Plan
of
150
*32%
24%
J-J
1961
126
22%
*24%
A-O
A-O
22%
21%
1st
47
19%
~6
23%
*25
A-O
1947
2.25%)
iClty
38%
1
22
1960
to
47
of
Atlantic Coast
105%
38%
.1961
_^1958
105%
M-S
6s__._—1940
APrague (City 01 Greater)
Queensland (State) extl 6s
arjo
98 Va
gold
4s
gold 4s of
Knox k
Atlanta
98%
..1963
pursuant
Atl
98%
95
22%
7%s
reduced
(Int
98%
95
2.375%)_.—1-2001
to
loan
94
*98% 100
M-S
8s
Conv
90
88%
6
Week's Range
Interest
1995
gold 4s of
Conv 4s
100%
88
*95
J-D
Plan
98 %
4
') _•
*95
gold 8s— .1950
to
100
M-N
1959
_
pursuant
100
Stamped
Conv
'
1960
f 7s.
Alegre (City of)
101
.
Friday
Exchange
York
Teletype—NY 1-310
k Santa Fe—
Adjustment
101
,98%
J-D
1968
A4V2S assented
100 %
5
M-N
2008
ser
fund
sink
4
*94%
Stock
Atchison Topeka
General 4s
103%
5
*88
1947
1
s
97
101
101
100
York
Period
103
1963
7s
gold
97%
1994
ser
of)
F- A
101
New
—
100% 101
J-D
A.iboJ"
A4I/2S assented
Stamped
Exchange
Low
101
100%
A-O
_1967
1st
AStabillzatlon loan
APorto
Stock
Bell
120
—
--
1
1970
f 6s 2d
s
6s
A4 %s assented—
A External
—
100% 100%
1859
7s
external
loan extl s f
§APoland
A-O
loan
ref 3V2S series B__
tRep ol)
Nat
MS
1965
Stamped pursuant to Plan A
(lilt reduced to 2.125% )
a
F- A
.1956
4%s_-..
(City) sink fund 4%s_
APenama (Rep) exu s 1 as ser
ASiamped assented as
Stamp mod 3J/4s ext to__
APeru
105
A-O
4%s:
Municipal Bank extl
APernambuco
M-N
1957
extl
fund
115
1958
Oslo
Ext sec
York
BONDS
(State)-—
5a
sink,
J-D
1959
f
47%
41
New
1952
f 5s_
s
38%
37
2008
7s
(Kingdom of)
Norway
4s
2.125%)
A
s
External
to
(City)
Wales
New South
New
Broadway
Telephone—DIgby 4-4933
.
2.125% )—2008
I
s
reduced
series
PFLUGFELDER, BAMPTON & RUST
*19
Stamped pursuant to Plan A
AOs
Reorganization Securities
I2V2
171/2
151/2
7-j
Railroad
(State)—
Mlnas Oeraes
<Int
9'/2
*16%
agree
5 A 1 reasury 6s ol 1913 assent
AAssented to Nov. 5, 1942,
A
1
January 1
No.
High
Mexico—(Continued)—
AAssentlnq 4s ol
JUNE
Range Since
Bid & Asked
Low
A
ENDING
Week's Range
Period
A
WEEK
*
103%
J-J
,^.—.—1955
:
98
96%
98
15
31
'
101%
-
85%
\-
80 Va
50
*
47%
103%
98%
82
A-O
87%
87%
A-O
81
81
21
22%
32
12
27%
20%
21%
40
12
>27%
Bush
Term
Bldgs 5s gtd
A-O
—1960
101% 101%
2
97%
104
Stamped pursuant to Plan A
(Int reduced to 3.5% )
;'v
(Kingdom)—
1962
Croats & Slovenes
Serbs
A 8s
external
secured
A7s series B sec extl
A Silesia
of)
(Prov
extl
1978
—
7s
A4Vis assented
1962
1958
1958
Sydney (City) s t 5%s.._—1955
A Uruguay
(Republic) extl Bs:
.—1946
AExternal sink fund 6s——
.I960
AExternal sink fund 6s
—196*
3%s-4-4'/a%
^External
3%-4V8-4A
extl
(City)
*30%
22
—
J-D
*19
*101
1021/4
F-A
*100
M-N
"
32
—*979
external 7s—
A4 Via assented——
*100
100
26%
M-N
88
86%
1978
F-A
90
1984
1958
J-J
*71
75
F-A
*21
30
F-A
89
161/4
•J
87*""*
I
5
*103%
*103
A-O
*100%
Albany & Susquehanna RR 3%s—1946
A-O
Alleghany & West 1st gtd 4s—-—1998
Am
2030
MS
—1949
M-N
conv
5s
5 Vis—
3V4S
debentures---'-———1966
I; i 3s eonv ..debentures
-—1956
Amer Tobacco Co deb 3s
1962
;
■
3s
Am
1969
debentures
Wat
Wks k Elec 6s series A—1975
AAnglo-Chilean Nitrate deb—
1967
Ann Arbor 1st gold 4s
——1.995
Ark & Memphis Rv Bdge & Term 5s 1964
Armour &
1st
-
|!4Vis
Co
(111)—
income debs
(Subordinated) due--—
—1964
cum
1975
Ry deb 6%s__.1946
deb stk perpetual
F-A
Can Pac Ry
,
47*
Collateral
trust
4VjiS__._..
25
Carolina
13
19
Cart
Certificates
Adir
&
of
157 "
108
104%
1
101
100% 102
168
103
102% 103
11
Div
pur
102
Central
100
102%
JACent New Eng 1st gtd 4s
tACentral of N J gen gold 5s
Central
Pacific 1st
136
105'%
109%
26
105%
109%
Guaranteed
M-S
476
116
131%
1st
130
A-O
103%
103% 103%
41
101»%
104 Va
A-O
103%
103% 103%
120
100'%
104
Jan
1
112
90
Q-J
101-%
71
•
1
104
94
5
101% 101%
104
HOVs
104
115%
87%
106%
,
-
107%
106'/a
lO^/a
104%
73 !
87%
1987
86%
72
118
53%
l2
22%
44
14%
23%
21
-
70
20%
21 Va
516
13%
23%
76
79%
46
63%
79
29%
4l%
*108% 109! 4
106%
109 %
J-J
54
52
96
102
J-J
'
47%
1974
A-O
101% 102
13
47 %
54
818
38
54
46
52
982
36%
52
43
47%
232
34%
43
10l%
J-J
,
44
104% 104%
11
35 %
47%
44
4
103%
106%
107%
108% 108%
73
73 /-
(4%% to Aug 1 1949)
-1.1974
SACentral RR & Banking 5s stmp.1942
Ohio Ry—
F-A
;
79%
39%
*35%
102% 103%
5s
88
lOOVa
22
A-O
1961
98%
20
108%
96%
109
104%
A
*110(4
JW-N
108%
—
88
88
1
85
111
89
Chesapeake &
'General
gold 4%s
Ref k impt
104'%
l(fo%
103
Ref
102'%
87%
103
103
103
F-A
gold
series
105%
13
110%
78
F-A
ref
102
98
114%
6
1960
R
k
2d
105% 106'%
ref gtd gold
118
108
4s_1949
<fc
k
Potts
106
i...
107%
111%
72
1987
Power 3s
105% 107'%
98'%
J-D
1987
N
87%
1
1
5
22
:
1987
registered
108
*104% 104%
J-J
1860
4s
y
A-O.
gold 4s„1951
gold 5s
1940
Light 3%s
103
A-O
money
registered
A4s
/ 118
108
87%
M-N
1959
1959
AMoblle
104%
1945
1945
B__
AChatt
105% 107%
MS
97%
109
125% 131%
*86
F-A
102%
105%
112
'., v 87%
5s series C
J-D
M-N
J-D
118
'
■
Nov
Central
A-O
J-J
gen
102%
105%
1948
& gen 5%s series
AGeneral
106%
103%
1955
106%
103%
107%
96%
10
J-J
ARef &
94
105%
38
103% 104%
1962
5 A Consol gold 5s
A 5s
1
105% 106 %
F-A
debs.
118
105% 105%
105%
M-S
1981
ARef
99
115
114% 114%
103%
89%
112%
108
100
5
16
118
mtge 5s.
Illinois
114% 114%
J-J
107
—
120%
debs
Corp 3%s
1st
121%
115%
gold 4s
1st gtd
Div
116%
"4
M-S
100
—
102
121%
117%
116%
1965
4s
A Cent Branch U P 1st gold 4s
tCentral of Georgia Ry—
"
A 1st
116%
116%
1
1949
Ohio
103%
104'%
98
98
96%
114%
deposit
Clinch k
117%
2
117% 117%
*120% 121 %
J-D
1960
If ACarolina Central 1st. gtd 4s
90
78
18'%
J-J
Northern
Canadian
88
87
108%
107%
112
119% 119%
..
F-A
103
•
mtge 3%s series E—
1951
103
—
103%
101% 101%
A-O
Chem
4%s_
84
104%
*106 »/4 108
M-N
*107%
Foreign Pow deb
r«;7v
*105% 105%
J-D
*100
American Telephone & Telegraph Co.—
3 %s debentures—
——1961
107#'
F-A
J-J
Amer I G
gold
16
5
1171
117
*
A-O
78 V8
1
16%
MS
A-O
&
1956
72
157
-107
1972
—1948
1948
assented—
..—1955
Celotex Corp 3%s
AStamped
———1—1953
Adams Express coll tr gold 4s
1948
Coll trust 4s of 1907
1947
warrants
4%s
4'/as
Celanese
J-D
with
J-D
120% 120%
J-J
1970
gold
70
21
90
113% 113%
J-J
1969
106%
103%
106%
__
,
A-O
1957
..Oct
107% 107 %
M-.V
v
gold
74'%
*83%
"87
J-D
6s
1974
A—1962
Guaranteed
75%
124
88
87
plain—————1953
Power 1st mtge 3%s
Albany Perfor Wrap Pap 6s
A-O
1968
gold 5s
Guaranteed gold 5s,
105
JAbitibi Power & Paper—
Alabama
3%s
Guaranteed
M-N
10-year deb 4%s stamped
1946
Alabama Great Southern 3'As——1967
Power
Guaranteed
1031/4
Railroad and Industrial Compaiilea
8A5s series A
Elec
Guaranteed
105
J-D
—
California
Calif Oregon Power 3%5—
Soutnern cons gtd 5s
Canadian National gold 4%s
Canada
*100
M-N
171/4
22%
F-A
1978
conv
readjustment
3%s extl readjustment—
AWarsaw
21
J-D
1979
conversion
4-4V4-4Vis extl
21
M-N
bonds of 1937)—
($
readjustment—:
External
M-N
1992
impt mtge 3%s D___
M 3%s series E
Creek Br
A
Div
1st
1st 4s
cons
consol gold
gold 4s
4s
!ACl.icago k Alton RR ref 3e
.
1990
M-N
1996
F-A
1946
J-J
1989
A-O
104%
145%
1
105% 105%
26
105
106%
9
104
107%
103
103
128%
130
126
126
104% 106
*102%
—
*129%
__
J-J
1949
105 %
*
J-J
1989
140%
145% 145%
M-S
—.
*125
54%
54
-
56 %
1.816
32
56%
THE COMMERCIAL &
Monday, June 4, 1945
FINANCIAL CHRONICLE
NEW YORK BOND RECORD
BONDS
Interest
Stock Exchange
New York
Last
Period
Sale Price
,
■(
JUNE 1
FOR WEEK ENDING
RANGE
or
Sold
Low
.
High
Chicago Burlington & Quincy, RR—
High
mtj?e inc
F-A
1974
3%s
Chicago & Eastern 111 RR—
1st & ref rntge
AGen
F-A
1977
1982
Chicago Gt West 1st 4s series A—1988
AGen inc mtge 41/as
2038
tChicago Ind St Louisville Ry—
a Refunding 6s ser A——.—1947
AReiunding gold 5s series B...1947
A Refunding 44 senea C—1947
A 1st & gen 5s series A
1966
a 1st ft gen 6s series B
May 1966
1956
ft Sou 5C-year 4s
Chicago Ind
JChicago Milwaukee & St Paul—
AGen 4s series A
May 11989
lliy4
112%
115'A
105%
104%
106%
■69%
73
99
76
J-J
73
■'*
100
J-J
••
Gen
100
1st
47
94
65%
84
88'A
89 Va
43
79
84
84%
7
72
841/2
M-N
23%
23
24i/4
193
151/4
24%
J-J
24%
24
25
*107%
T9"
3'As
Bonds
Sold
No.
1129/4 1131/2
98
15
9
~6
139
High
102%
105%
103%
106%
107
113'A
112
100
103'/a
-4
106 94 106 94
~3
88
100%
102
99
*10494
10694
M-S
January 1
106%
10194
101
99
A-O
Range Since
Low
*110
10194
J-J
3'As———1971
104%
106%
106%
104
25
105%
128%
128%
92%
19
ii4y8
88
120
111
gold 3V2S series B_..May 11989
4%s series C
May 1)989
J-J
AGen
J-J
117 %
117
117%
239
y2
41/2S
series E
J-J
117%
117
117%
78
96
4%s
series F
J-J
1191/4
118% 119%
37
9694
M-S
8
99%
88
55'A
101% 102
691/4
69%
102
75
57
103% 103%
M-N
1956
coll trust 6s
70
73
*50
deposit—-.
5
73
103
104
1173/4
AGen
May 1 1989
May 11989
Francisco Sugar
120 Vo
127
117%
11794
AGen
of
127
5
101'A
J-D
1974
5s series A
ref
ACertificat.es
14
— —
127
1st 4'/2S_.—-1959
^Florida East Coast
&
JrJ
5s—1943
deposit
of
Certificates
104% 105
*128% 140
M-N
1961
3s deb—
tAFlorlda Cent & Peninsular
A 1st
113'A 114%
114
High
_
mtge
1st
Div
113'/2
J-J
A-O
mtge Inc 4'A.S series A—-—2015
mtge 3'As ser E——.1964
Firestone Tire ft Rub
108
105
—
IO91/2 HO Vi
J-J
16'A
79
—
Friday's
106% 106%
A-O
89%
84%
J-J
or
Bid & Asked
95
J-J
J-J
*
1965
1965
cons
Ohio
76
10
76
92%
75
140
90%
31
M-S
Railroad Co—
Erie
60
132
381
141
99
J-J
Week's Range
*102'A 103'A
J-D
1970
3'As—,
stamped
5s
Empire Gas & Fuel
73%
*138
M-N
1950
2V4S debs
Elgin Joliet & East Ry
El Paso & S W 1st 5s
114%
10
29
105
105
J-J
1997
(conv)
Chicago & Erie 1st gold 5s
12
114% 114%
114% 114%
114%
J-J
——1958
1st & ref 4'As series B
Sale Price
Low
Elec Auto-Lite
General As—......
Last
Period
January 1
No.
Bid & Asked
Interest
Exchange
New York Stock
Range Since
Bonds
Friday's
Low
Friday
BONDS
Week's Range
Friday
119'/a
AGen
tChic Milw St Paul & Pac RR—
AMtge gold 5s series A
1975
ACouv adjustment 5s
.Jan 1 2000
Ry—
2nd mtge cony income 4 Vis
1999
1st nitgd 3s ser B
1989
tSAChicago Railways 1st 5s stpd
25% part paid
1927
tChicago Rock Island & Pacific Ry—
AGeneral 4s
1988
95
Gas ft Elec of
F-A
96%
97%
69
95
17 Va
26%
Castings. 5'As
...1949
7794
94
tAGeorgia & Ala Ry 5s
Oct 11945
J-J
1934
87
f§AG& Caro ft Nor. 1st ext 6s..
Certificates of deposit
1947
26%
89%-
89 %
90
of
ACertifical.es
1934
.1952
I960
1951
—1951
Chicago St L & New Orleans 5s
Gold
3Vas
guaranteed 5s
Income
103%
Grays Point Term 1st gtd 5s—
4
8094
101
General 5'As series B
65'A
1,182
72%
271
52 Va
73'A
General 5s series CI
...1973
1,057
23 Va
General 4'As series D
1976
J-J
102
105 Va
General 4'As series E
1977
J-J
95
99%
Gen
1967
91
99 Va
Gen
i960
*100
__
—
991/a
1
J-D
99'A
97%
99%
M-S
90
deb
AChilds Co
A-O
1957
1952
§ A Debenture 5s
M-S
A-O
1966
1967
Cincinnati Gas & Elec 3'As
mtge 3 'As
Terminal—
1st mtge gtd 3%s series E
1st mtge 2%s ser G
Cleve Cln Chic & St Louis Ry—
mtge 3'As ser K
Gen mtge 3%s ser L
1969
1914
1977
106'A
J-J
106% 106%
73
103%
107
107% 108
11
106
109
3
106
111%
1970
J-J
...1980
J-J
107% 107%
Feb
*76
5
1059/2
108
Greyhound
7
1021/2
105
Gulf Mobile & Ohio'/4s series B_ ...1975
J-J
2015
J-J
1969
A-O
108
10694
Gen
83
90y2
97%
17
76
9
106%
106%
112%
102
Gulf
104%
J-J
1st coll tr gold 4s
St L Div
991/2
1st
100
Cleveland Elec Ilium 3s
Cleveland ft Pittsburgh RR—
Series C 3'/a3 gtd
1948
Series D 3'/2s gtd
...1950
Cleve Short Line 1st gtd 4'/is—1981
Cleve Union Term gtd 5V2S
1972
1st s f 5s series B gtd
1973
1st s f 4%s series C
1977
Coal River Ry 1st gtd 4s
1945
—
16
103%
107
11
93%
93
94
187
83
ref
&
Term
1980
1952
Debenture 5s
1961
Columbus & H V 1st extl gold 4s._1948
Columbus & Sou Ohio El 3y»s——1970
Columbus Si Tol 1st extl 4s
1958
modified)
Columbia Gas ft Elec deb 5s
*§Aiiousatonic Ry cons
Hudspn Coal 1st s f 5s series A
1969 !
.-1958
3V28
debs
1977
series L
3s
mtge
L 1st & ref 4'As
1951
Conn River Power s f 3%s A—-1961
Consolidated Edison of New York—
3'As debentures
1948
3'As debentures—
—-1956
31/2S debentures1958
Consolidated Oil conv deb 3yas
1951
jAConsol Ry non-oonv
deb 4s
1954
1955
4s————1958
4s—
A Debenture
ADebenture
Co—
Consumers Power
89
11
80
106
106
2
*_.
108%
101V*
104%
105
2
101%
106
97%
2
91
8
98
99%
104
*98
M-N
98%
108%
981/4
110
AAdJ income 5s_„
~7
99% 100
85%
M-N
841/4
85%
96.
48
72'A
115%
1441/4
100
86
*85 Va
85%
F-A
78
77%
78'A
211
64%
80
A-O
Feb 1957
.
139%
*142% 143%
100
J-D
40%
39'/a
41
247
30%
41'A
13
102%
105%
103
104
103
103%
—
115%
109%
107
——
*109%
106
108
—
107
I
F-A
*107%
A-O
Illinois Bell Telep 294s series A
Illinois Central RR—
II
4
109%
111%
23
105%
108%
107%
111% 111%
107
107%
A-O
1061/4
106 »/4 106%
64
104%
107%
A-O
105%
105% 106 Va
33
102%
107
_
ArO
J-D
100
..
—
1st gold 4s
M-N
25
103
105% 105%
105
J-J
1051/4
ArO
168
104% 105
79
55
103%
108%
M-S
*109% 110'A
F-A
J-J
122%
F-A
107%
—
F-A
*107%
Collateral
A-O
J-D
J-J
104'A
27
6
'
69%
M-N
105'A
107% 107%
21
M-N
*106'A 107%
1st
mtge 3'As
J969
M-N
110'A 110%
A-O
1031/4
105
3-D
orn-m
1021/4 103
F-A
Springfield Div 1st gold 3'As
Western Lines 1st gold 4s
1951
J-J
1951
F-A
107%
103%
69
Ind
•
102
49%
20
48
83
80Va
85 %
47
*66
68%
48
48%
A-O
4
101% 102
52
71%
5
15
47%
101
:
Intcrnat
51%
67
47%
L.
48 %
J-D
1031/4
66
47
67%
series
A—!
Paper 5s series A & B
i
gold 4'As
71%
103
95
95'A
98%
>6
89
98%
981/2
98%
6
98%
98%
98'A
104% 104%
J-D
97!A
J-D
93i/4
J-D
J-J
1051/8
103
96%
97'A
206
81'A
97%
92%
93'A
66
76%
93%
87%
88
8
73'A
13
105'A
831/4
,
831/4
7
75
88
106%
83%
Til
107 % 107'A
106%
107'A
J-J
81%
82%
49
47
46%
48%
203
28%
78 %
77%
78%
36
58%
73%
J-J
.
82
A-O
J-J
•>
78%
77
78 %
31
58%
78%
A-O
84'A
83%
85%
94
74%
88
105%
106% 108%
41
1947
J-J
1955
M-S
M-N
"1952
99%
97
105'A 105%
J-J
1952
2
3
103
104'A
104
9
*102 Va
62%
104
J-J
101%
101'A 101%
1041/4
103% 104 %',
M-S
ft Clear 1st 4s
1959
J-D
Laughlin Steel 3V»s
1961
J-J
84
49
105%
106% 111%
102
F-A
i.
95%
98'A
1955
5s
JAlowa Cent Ry 1st & ref 4s
100'A
83%
1951
Debentures
50%
103%
13
91%
105
99
82%
—1972
Ref sink fund 6s series A
Int Rys Cent Amer 1st 5s B
Int Telep & Teleg deb
100
1
95
105%
18
1950
...
74
11
A-O
6s
94%
95%
1963
gold 4s
84
76
235
95
1963
Adjustment 6s series A—.July 1952
Alst 5s series B__"
1955
A 1st gold 5s series'C
.—.1956
JAInternat Hydro £1" deb 6s„—1944
50%
48%
1st
91%'
104%
103
1963;
D
98'A
94%
M-S
A 1st
60
*66
ser
>4
841/4
J-J
A
57%
*46
4s
105'A
89'A
101%
94
cP-
series A
105
*104
fInternational Great Northern RR—
110%
15
911/a
97%
88%
J-J
Inland Steel 1st mtge 3s series F..1961
103
58
'
ref 5s
ft Iowa
105%
1."
Si ref 4'As series O
111
F-A
fAInd ft Louisville 1st gtd 4s
1956
Indianapolis Union Ry 3'As ser B.1986
108 Ya
108%
109
1st
lfefc ref mtge
106
107'A
*80%
J-D
1st.
69%
107 Va
7
Joint
69%
.49'/4
J-J
Registered
M-N
1966
111 Cent and Chic St L ft N
105%
104'/a
'
195&
m
75
89'A
21
95
J-J
102%
58
941/4
98'A
Omaha Div 1st gold 3s__
1951
St. Louis Div ft Term gold 3s
1951
Gold 3'As
—1951
29
1031/41031/4
J-D
96%
123%
58%
2-1
M-N
1966
M-N
36
100'A 100%
57
mtgg 3'As
—1953
98'A
96
J-J
57
3
75
J-J
gold 4s
J-J
95'A
100 % 1011/4
J-D
103
—
69%
1952
:
Litvhfield Div 1st gold 3s__
103% 105'/a
IO51/4 107
21
1041/4 105%
69%
*—
'
J-J
trust
3'As
100%
1950
102%
6
103
104'A
1061/4 106 %
lines
95'A
M-N
75
80
1951
Louisville Div & Term gold 3'As_l953
1061/4
—
103 %
103%
J-J
A-O
..1955
#
114
116
103
A-O
1952
:
.
105% 108%
111% 112%
—
...
*1001/2
Jkf-S
noya
14
107% 107%
*1121/4
*100 'A
A-O
Refunding 5s
'
40-year 494s
Cairo Bridge gold 4s
23
122 % 122%
J-J
J-J
1951
114
•MM
*114%
—
Purchased
103% 103%
*1041/8
1091/4
*107%
__
1951
Refunding 4s
105'A
103%
.—1951
gold 3yas
3s sterling—.:
Collateral trust gold 4s
82%
J-J
,
J-J
1st gold
106%
108
741/4
1st
1981
—1951
—
1st gold S'/as—
Extended
100
79
75%
M-N
1st
debs
1950
Crucible Steel 3'As s f debs——.—1955
lACuba Northern Ry 1st 5'As—.-1942
ADeposit receipts
ACuba RR 1st 5s gold
1952
ADeposit receipts————
—A7Vas series A extended to
1946
ADeposit receipts
——
A6s series B extended to—.—1946
ADeposit receipts
—Curtis Publishing Co 3s deb
1958
18%
102%
97%
M-N
1962
Co Gas 1st gold 5s_
—1949
Hudson & Manhattan 1st 5s A
1957,
90
•
M-N
,1st mtge 3!4s——————*968
1st mtge 3Vas
•
1970
Co 2'As s f
13%
19
102% 102%
J-J
Hudson
__
Commonwealth Edison Co—
Conn Ry ft
93
H
Colorado & Southern Ry.—
(stamped
17%
103%
105
-
J-J
..1952
5s stpd
M
:__1999
gold 58—1937
94%
87'A
—
84
16
17
A-O
Hocking Valley Ry 1st 4yas
~
88%
J-J
74
Ship Island RR—
Gulf States Util 3%» series D.._
1121/4
*121%
M-N
—-
129%
103
Feb
—
1959
mtga inc 5s series A
&
—
108%
111%
«
debs
3s
107%
137%
109
1
ctfs. B
Corp
1st & ref 3%s series D
90% 100
99 Vi
__
mtge 3'As ser M
AGreen Bay & West deb ctfs A.
111
1051/4
8
53
111% 112%
J-J
1991
1990
1970
Crane
105
108
103
J-D
Ref & impt 4'As series E
Cin Wab ft M Div 1st 4s
103%
J-D
1993
1st
4
941/2
*1121/4
F-A
1993
Conv
105% 105%
92
108% 108%
F-A
General gold 4s
General 5s series B
414s
112
J-J
83
Gen
119% 123
110%
941/2
IO71/2 107%
~4
108%
17
128'A
831/2
99 Va
..
122% 122%
5
.1
73
97'A
F-A
J-D
51
121%
Union
Cincinnati
102
9
26
97%
99 %
91'A
52'A
34
194
97 % 100
M-N
102%
137'A
88
*105% 10594
100
89%
137
90
110'A 110%
J-J
1952
1962
39%
11
129% 129%
111% 111%
103% 104
103%
20
105%
137%
108
J-J
51
40
129%
■
88
J-J
1943
5s
JAChoctaw Ok & Gulf cons 5s
1st
mtge 3%s series 1
A Debentures
1963
1963
—
88
(
88
...
mtge
122%
J-J
13V2
J-D
50
102% 102%
*101%
J-J
...1952
70%
21%
73
10
-7
J-D
63%
20%
68
103%
8
52%
—
72%
*105%
26
104%
51%
—
65 Va
99 Va
2%s ser G
Chic & West Indiana com 4s
1st St ref 4%s series D
1st
102%
J-J
M-S
21'A
104
51%
A-O
M-N
70%
104
47 Va
J-D
70
Great Northern Ry Co—
67JA
99% 101
Chicago
1st
70
-.A
78 %
991/8
Union Station—
mtge 3 '/as series F
deposit
17
J-D
of deposit
A Certificates
of
356
99% 102%
1st 5s—1960
Dec 11960
Chic T H & Southeastern
Steel
__
—
Corp—
debs
inc
68:%
1951
Memphis Div 1st gold 4s
& Utilities
Realty
conv
Certificates
—
86%..' 87
—
102'A
■
4'/2 s series A
gold 4'As
A Conv
F-A
■■■•
8 A Secured
A4s
•
*103% 103%
deposit.
gold 4s
iARefunding
General
Gen
J-J
—
J-J
386
25%
J-J
J-D
M-S
1,445
1,510
Chicago & North Western
J-J
1949
.1969
Berg Co cons 5s_
98
2614
A-O
102%
78
95%
102%
86
99
104%
7
14%
258
5
14%
95
95%
40
D
1970
Dayton P & L 1st mtge 3s
Dayton Union Ry 3'As series B —1965
Delaware & Hudson 4s extended—1963
Lack & West RR
Y, Lack & Western div
Delaware,
N
1st
5s ser
ref M
&
Income
Delaware
^Denver Si
&
107!
3s
M-N
104%
M-N
731/2
1973
A-O
1973
J-J
67 Va
J-J
67%
1955
F-A
17%
f 5s
s
F-A
16 V'4
ARef ft impt 5s series B
A-O
61%
Edison 4s series F
A-O
A
102
68 ya
*—
1936
—
1936
jDenver ft Rio Grande Western RR—
Assented
_li7R
1965
Gen ft rei mtge 3yas series G—1968
Gen ft rer 3s series H
1970
Detroit & Mackinac 1st lien gold 4s 1995
ASecond gold 4s
1995
Detroit Term ft Tunnel 4MiS
1961
Dow Chemical deb 2'As
1950
Dul Miss ft Iron Range Ry 3Vis—1962
Detroit
10894
i James Frankl
I
98
72
Jones
ft
107%
104%
31
73 Va
102
99'A
5794
10794
106
Atl gold 5s—1937
Puquesne Light 1st M 3%s
..1968
f §ADul Sou Shore Si
73 Va
•
J-D
581
66 %
68
54
17'A
60
17%
17
306
108%
108
108
54',4
541/4
10
1
34
*112
103
107
y4
103'A
107'/4 1071/4
J- J
641/4
J-J
106%
106'A 107
M-N
119 %
119
61'A
■641/4
21
19
54%
66 'A
106'A
108%
107%
109 ya
106
109
48
56
1
28
35
114
■
■
5 Va
•
73%
6
34
M-N
5%
72%
17
541/4
——
J-D
61
336
62
59%
170
107% 107%
J-D
A-O
68
16
.
M-S
64%
108
■
M-S
•
..
110%
'
114
4
102 V2
103%
6
106%
IO91/4
34
45
Kanawha ft Mich 1st gtd gold 4s__1990
Kansas City
Ed El 111
(NY)
Si Ga Div 1st 5s_—.1956
1st cons gold 5s
1995
For footnotes
see
page
2408.
88%
96%
103%
1041/4
103
*103% 1041/4
J-J
—
*156'A
HDVa
—
A-O
Fort Scott & Mem Ry—
§ A Refunding gtd 4 s
1936
ACertificates of deposit
A-O
Kansas City Southern Ry 1st 3s
1950
Ref Si impt 5s
I.Apr 1950
A-O
J-J
Kentucky Central gold 4s
Kentucky ft Ind Terra 4'As
1987
J-J
ig61
J-J
—1961
*1051/8
J-J
jgsi
J-J
Stamped
;
:
Plain
4'A8
unguaranteed.:
;
Kings County El L & P 6s
Kings Co Lighting 1st- 5s
1st
ft
ref
1951
1997
'
'
91%
901/2
101'
105 3*2
91%
105%
89%
90%
80%
91%
32
90%
93
101%
47
92%
105%
118%
118%
..
79
101
106
*106%
104
104
102
102
*1051/8
__
173'A
*182
J-J
1959
3
68
A-O
A-O
105
81%
36
100'A 101
105
133
*105% 107
J-J
~~1964
..
90
*120'A
J-J
II1954
1954
6'As
Koppers Co 1st mtge 3s
JAKreuger ft Toll 5s ctfs
182
106
105%
109
IO91/2
105%
110
6
102%
105%
7%
54
4%
109% 109 %
10
105%
110%
107% 107%
9
102%
108
106
M-S
104%
104% 104%
7
8
64%
20
105%
108%
2
116 Va
119%
151
157
Lake Sh
aast Tenn Va
95'A
K
104%
109
Rio Grande RR—
consol 4s
SAConsol gold 4%s
§ A 1st
AGeneral
10694
107 Va
107 % 107 Va
1993
C—
Light
*106% 10794
*104
M-N
Co—
due—
mtge
Power
J-J
J-D
—
ft
Mich Sou
gold 3'As
3'As registered
Lautaro Nitrate Co Ltd—
Alst.
mtge
income
reg
1997
J-D
1997
J-D
1975
Dec
109%
60
60%
50
61
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4391
161
Volume
>2467
NEW YORK BOND RECORD
RANGE
BONDS
Friday
Stock
Interest
Exchange
Last
Period
York
New
Sale Price
or
Friday's
1954
J-J
105 3 i
1954
J- J
105 ;iV
1965
A-0
105
Y 1st gtd gold 4s
Lenign Valley Coal Co—
1945
M-S
Low
104% 105
& ref
sink fund 5s
1954
5s
1964
sink fund 5s
1974
& rel
F-A
99%
105
99%
99%
1
N
F-A
100%
99%
98
15
*88'%
92
0
91
91
2
88 %
77
74
94
92%
94 %
f'6
80%
M-N
45'A
50
70'%
63'%
64%
65
47
73%
76
91%
A-O
1951
.
1973
M-N
1973
M-N
.
J-J
B
107'A 107 Vi
93%
113% 113%
*119
120
103'%'103%
14
103
107
20
105%
J-J
*106
106'A
58 V
67%
67%
67%
24
56
69
68%
67%
68%
52
56'%
69%
deb
4s
1955
J-J
70%
69'A
70%
105
57'%
71
deb
4s
1956
M-N
70%
69
70 "4
143
57
71
1956
J-J
68'A
67%
68%
17
56%
1948
J-J
74L,
73
74%
88
63%
75
1940
A-O
86 %
85%
86
39
84 Va
93%
1957
M-N
35%
35
36
315
25
36'%
1967
J-D
72%
70'%
72'%
210
61
108'% 108 %
4
107 Vi
29
2,504
17'A
17'%
2,408
4%
88%
10
74%
Debenture
105%
52
107%
104'%
6s
6s
"
ref 4Vis series of
&
A Harlem
1927
70 %
69%
4s—
1954
1st
cons
4992
& Pow
gold
M-S
29
1955
J-D
16
1993
gtd 4s
M-N
A-O
3'%s.____1965
9%
88
*106'A 107%
M-N
1963
J-J
1937
M 33/as
ref
&
Unif mige
Paducah
series F
4s series B ext
107
,1946
—1980
,1945
1955
St Louis Div 2d
gold 3s
Montg 1st gold 4J/2s
Mob &
Atl Knox
F-A
*10534 106'%
*101^
M-S
*101'% 104
M-S
*101 %
Mem Div 4s
&
Cine Div
&
109'
4s_
M-N
Y
F-A
1940
West
Y
F-A
75
gold 5s_
1943
M-N
1967
J-J
19*6
J-J
"■
&
Bost
1st
4%s
107
107
35%
34'A
J-D
& coll 4s ser B
1954
sink fund—Feb 11957
Manila Elec RR & It s f 5s—
1953
J-D
1st
A
ser
mtge
Manati
A
4'%s
RR
Sugar 4s
1959
—.1955
(Southern Lines) 4s
A Manila RR
McCrory Stores deb 3V<_
81%
81%
88 Vi
*88 Va
f —
M-N
104%
20M
A-0
65
1961
F-A
Ry 1st gold 4s_1996
North Central gen & ref 5s
1974
Gen & ref 4%s series A____
1974
A-O
136
M-S
*135
Q-J
115%
101%
80%
90%
75
92
104
(Minn)
Ref &
States
19 Vi
38
11%
19%
Oklahoma
11
15V'a
53
5%
15%
Oregon
1st mge
A
AGen
4%s
97Vi
14
119Vi 120
99
108'A
61'%
65%
10
89 Va
186
65 Va
48
% 136%
136 V 4
133
138
136
136
124
124
*121% 128
118 % 119%
118%
100
47
48
108% 119%
100
•113% 115%
106 Va
2047
J-J
104
J-J
109%
103% 105%
109 V'2 109%
J-J
107%
.107% 108%
57
93%
109
j-J
108
107% 109
84
9314
109
A_
2047
Co—
Power
•
145
114'A
72'/a
87 Va
3
71
106
87
105%
265
99%
110
83
■<
1967
F-A
1964
106
F-A
1974
1st mtge 3%s
M-S
106
105 V3
107 %
271%
27%
92
105% 105%
23
103%
107 Va
107 %
107
102
*102%
110
O
111%
JOgdensburg & Lake Champlaln Ry—
90
A 1st
116%
guaranteed
Ohio Edison
120
1st
4s
1948
....
1st mtge 3s
1974
2%s.
mtge.
& Nav
con
F-A
1946
gold 4s.
J-D
J-J
105%
A-0
1975
Electric 2%s
Gas &
RR
M-S
1975
:
27%
J-J
29
20%
103%
106%
100 "a
*100% 100'%
100%
100% 100'/a
10
100%
100%
102% 102%
17
102%
103%
103% 103%
102%
8
103%
105'A
J-J
98
98
99 %
110
98
106
Ore Short Line 1st cons gold 5s
,1946
Guaranteed stpd cons 5s_-„.._,1946
J-J
73%
72
74
236
71
81
Oregon-Washington RR 3s ser A-,1960
A-0
105% 106
1990
J-D
90
87%
90 %
354
77%
90%
1962
J-J
93%
91%
93%
62
82
93%
1962
J-J
83 Vi
81
83 Vi
44
70 Vi
86
Pacific
1946
J-D
102'A 102'A
1978
J-J
85 Vi
84 Vi
87
32
74%
87
Pacific
A—Jan 1967
A-0
94
84
94
220
64 Vi
95%
1965
1973
1977
1978
88'%
88'A
89'A
J-D
J-D
107 VA 107%
F-A
1966
,1970
72%
90%
1st &
M-S
53%
52'%
54
523
33
58'A
1st &
M-S
89'A
88'A
89%
311
73
91
Pacific Tel & Tel 3%s series
88 Va
89%
G5
72'%
90%
1949
1980
M-N
36Va
35%
37%
535
14%
41
A-O
88%
88 %
89 %
58
72%
90:%
F-A
89
88 'A
89'A
167
90%
90%
—1971
1991
1st 4s
& Texas
Mo Kansas
104%
Marie—
inc ser A
inc ser A
mtge 4s
120
98%
83
1st & ref mtge 3%3
16 Vi
J-D
109%
107
107
75
10
90
109
107% 107%
87 '/a
mtge 2%s._
Q-F
series A
50-vr 5s
89%
*115Vi 117 Vi
109
36%
82 %
105
107%
*109% 110
A-O
J-D
98
25 Va
86%
2047
24%
98%
397
110
83
impt 5s series C.
impt 5s series D__.
Northern
105%
6
107
87%
&
106'/a
102 Vs
*108
M-S
2047
16%
—
24
Q-A
impt 6s series B
M-S
ext
Paul & Sault Ste
St
M-S
106 Va
35%
'
Q-F
Ref
105%
107%
2047
&
(Wise)
103 Vi 103%
26
93%
Jan 2047
impt 4Vis series
1962
ARef &
Minn
*
11%
Q-J
&
99%
32
42
46
1997
Ref
102%
12
24%
24
103%
A
ry & Id gold 3s
registered
3s
*100% 102
J-J
5s
Western
1951
1st gold 3'%s.
1952
Ref & impt 4>%s series C_.
1979
Michigan Cons Gas 1st mtge 3'%s_1969
t§AMidland of N J 1st ext 5s„—1940
t§AMilw & Northern 1st ext 41/as—1939
A§Consol ext 4 '%s
1939
JMinneapolis & St Louis RR—
A 1st & ref gold 4s
1949
M-N
RR
registered
1st
M-S
Southern
Gen lien
Micmgan central—
*Jack Lans & Sag 3'%s__
A
series
Ref
—
80
26
Co—
mtge 5s conv inc
&
4s
Ry
4 Vis
mtge
Norfolk
82 %
101 Vi
107'A
52 V8
*34%
ANorfolk
1
90%
104 Vi 104%
24%
98 %
AGen
Vi
*101 Vi 101%
F-A
J-J
101'/4
68
27
*105
M-N
A-O
1998
1st
*60
A-O
Metropolitan Edison 1st mtge 2%s,1974
Metrop Wat Sew & Drain 5V2s
1950
t§AMet West Side El (Chic) 4s„1938
A-O
102'%
31
82
101% 101%
M-N
M-S
M-S
1955
Southern
101'%
M
1960
Central
Maine
105%
■
*96% 102
■'
196«
Norfolk
101 'A
*115Va
17%
89
108
3
26
Niag Lock & Ont Pow 1st 5s A
100
__
29
36
45
24
■
80
*42
80
"
.
Niagara Falls Power 3 '%\s,
101} 3
_
73%
108%
*
Telephone 3%s series B__
114'%
_
70 VA
106
105% 106%
106'A
J-J
1937
5s
23
Northern Pacific Ry prior lien 4s__ 1997
1st
Va
70%
a
River A1 Poft Chester—
Putnam
t§AN
110%
J.
deb
3 Vis
M-S
'
107%
109% 109%
certificates
Y Queens El Lt
N
Nashville RR—
A-O
58
M-S
A-O
ATerminal ?st
107"
A-O
70 %
99
106%
1954
5 A General
105%
107
1960
91%
1947
Y &
105%
103%
2003
84%
4
1947
Y Steam Corp 1st 3 Vis
tS AN Y Susq & W 1st ref 5s.._
§ AL'd gold 4 Vis
119%
103'%
M-S
2003
14
3Vis
N
108
J-J
107
99
106% 106%,
...
3Vis
N
107'%
119
3
113'%
4s.,,'
N
107
106%
105 % 105'A
'96'A
99
110%
deb
*AN Y Out & West ref gold 4s;
AGeneral 4s
111%
106%
5
A__
112
2
116
deb
1st
121
109 'A
*107'%
series
108%
deb
t
132%
119%
2
106 ;,a
A-0
3%s series E
1st & ret
2043
A 1st
76
127 'A
—
110%
*105
series
4s
109'a
*11.4
4s
West
19
M-N
J-J
&
113%
109 Va 109%
F-A
2043
Lack
112%
1949
series A
Y
14
2000
3Vis
§ACollateral vtrust
ADebenture 4s__
64 %
79
28
*113
M-S
—1963
1st 5s series A
1969
6814
55 Va
126
M-S
M-S
...1966
47
667
120%' 120%
120 Vi
F-A
Louisville Gas & Elec 3VaS
68 'A
*31%
A-0
M-N
_V949
—
(P) Co deb 5s
Louisville &
gold
4s
A
62%
537
90 Va
1962
1949
1949
Island unified 4s
Guaranteed ref gold 4s
65
70%
A-0
1951
uong
62'%
67'%
75 34
M-N
61
64 V'2
2003
..2003
64%
70'i
M-N
Liggett & Myers Tobacco 5s__
Litle Miami gen 4s series A.
Ark
Harlem
&
AConv
68 Vi
62 '%
2003
2003
Lehigh Valley Terminal Ry ext 5s_1951
Lex & Eastern 1st 50-yr 5s gtd
1965
&
109%
Y
January 1
Low
High
112% 112%
ANon-conv
96 'A
Louisiana
112':,
Range Since
Sold
No.
ANon-conv
91
J-J
2003
Bonds
Hiah
ANon-conv
86'A
1950
debentures
J-D
ANon-conv
91%
Valley N Y 4'%s ext
Lehigh Valley RR—
4s
stamped modified
4s registered
4'%s stamped modified
4%s registered
5s stamped modified
Lenigh
Friday's
Bid & Asked
ANou-conv
90
87'%
87:
3s
or
Y Gas El Lt H & Pow gold 5s._-1948
4 Vis series B_
93
88%
F-A
Lorillard
Last
Sale Price
tN Y New Haven & Hartford RR—
93
89%
92'%
92
N
100%
100%
1954
stamped
Week'e Range
Interest
Mtge
100
gtd_5s
4s
Exchange
Purchase money gold 4s
N
105%
104
5
*92 'A
1974
Val Harbor Term
Leh
Friday
»
Stock
Low
106
104%
10
York
Period
High
1C4%
13
*96%
F-A
1964
stamped
5s
99%
1964
suik fund 5s
stamped
& ret
1st
New
'
stamped
5s
1st
t
Mtge
Lehigh & N
1st
JUNE
January 1
No
Hioh
Lehigh & New Eng RR 4s A
fund 4V'2s series C
ENDING
Range Since
Sold
105% 105%
105 A 106 A
Cons sink
WEEK
B O ft ju
Bonds
Bid & Asked
Low
Lehigh Coal & Nav s f 4'%s A
FOR
Week's Range
*103% 104'%
J-J
103%
105%
104%
30
106'A
Missouri-Kansas-Texas RR—
5s series A__
Prior lien
40-year 4s series B,—
Prior lien 4%s series D
adjust
ACum
series
5s
tMissourl Pacific RR Co—
A 1st & ref 5s series A
A
General
A 1st
A 1st
&
AConv
A 1st
&
A 1st
5s series
ref
G
gold 5%s
ref gold 5s series H
&
ref 5s
1981
gold 4s—1991
series I
Moh'k & Malone 1st gtd
1966
Monongahela Ry 3Vis series B
Monongahela W Penn Pub Serv—
1st mtge 4'%s
*105
—
64
2
1905
J-D
&
1958
2000
1955
—1955
*.1968
1947
5s series A
4'%s series B
Mountain States T & T. 3
Vis,
Mutual Fuel Gas 1st gtd
5a,
105 V
2
100
100
J-J
M-N
—
105%
23
100
2
*102'A 103
—
106'%
17
105
107'A
106%
44
B
1966
A-O
106% 107 %
14
104%
106%
109
1966
1955
1960
J-D
J-J
108% 108%
*107% HO
21
76%
75%
76%
125
62%
82 'A
86'A
67
69 'A
76'%
79%
202
69%
79%
108 %
2
109'% 103%
110
104'%
103% 104'% •
23
107%
107% 107%
38
F-A
J-D
-1949
M-S
101%
101% 101%
12
101%
A-O
105'%
105'% 105'%
16
105
106'A
1954
..1948
1945
M-N
*107-
J-D
*112'%
J-J
1945
101
J-D
.1961
M-N
.
124%
*100'/a
F-A
3
ref
J-J
-1952
1st gtd 4s
Orleans Term
J-J
*107 'A
series
5s
B
1935
A 1st
series
5s
5Vis
—1956
A-O
N
gtd 4Vis
Central
Y
1954
4s
RR
94
F-A
F-A
imDt
&
series
5s
Hud
River
-
3Vis
N
4Vis
Ref
mtge
series
3%s
3%s
Y
Connecting RR 3V2s A
N
Y
Dock
N
Y Edison
1st
lien
1st
&
gold 4s_
3Vis series D—
ref
3 Vis
series
80
98 %
81
96
94
2
80
97%
;
80
17
81
95
100
101
10
99
99
7
83'A
83
100
*100
J-J
240
82%
93%
92
414
78'%
94
97'%
256
104'% 105%
36
1975
—1965
'951
—1965
E——1966
96%
97'%
104-%
0
92
F-A
*88'A
F-A
F-A
F-A
M-S
91'%
—
102%
91%
*86'%
92
90%
9
—
49
106'A
16
A-o
106'A
106 »A 107
F-A
104
103%
A-O
104%
104% 105
A-O
106'%
106'% 106'%
104'A
99%
107%
105
87
97
83
20
91
102% 102%
106
J-J
95%
87
100%
97'%
104'%
J-J
114
111
105'/a 105'%
*106%
108'A
*108%
'
„
*106% 107%
107'%
108'%
106%
106% 107
23
106'/4
107%
8
107%
108%
108% 108%
3
107%
108%
104'A 104%
20
104'A
105'%
126%
5
124'%
128'%
122'A 122%
67
118%
132% 132%
16
126%
133'%
124% 125 %
44
118 %
126'%
16
108% 108%
108%
108%
122%
132%
124%
126
125% 126'A
126
118%
126'%
4
103%
105%
104% 105'/a
76
102%
105%
108'A
109'A
*108
108%
87%
60%
90 '/a
48
55
90
62
48
78'%
99'/a
60
105% 105%
7
99
99%
*130%
105%
106'%
131%
138
128'%
131%
107% 108'A
18
105%
108%
102% 102%
1
102'%
103
13
101%
104''4
102 % 103
J-J
J-J
26
101'%
104'%
49
203 '/a
255
103
103
245
248
*105'/a
M-N
—
.248%
104%
106
107
94
82%
95
81'A
91
102'%
105'%
103%
106%
.
F
G
19
106'A
109
30
100%
104 'A
1st
gen
21
104%
107'%
ist
4%s
106'%
109
62
26
F-A
M-N
F-A
J-D
M-N
F-A
F-A
-1949
1953
..1957
Series H
1960
Series I cons 4%s
—1963
Series J cons guaranteed
4%s—1964
Gen mtge 5s series A....
1970
Gen mtge 5s series B
.1975
Gen mtge 3%s ser E———•
1975
Pittsb Coke & Chem 1st mtge 3%s_1964
Pitts Steel 1st mtge 4%s
..1950
1st mtge 4%i series B
1950
Pitts & W Va 1st 4'/as series A
1958
1st mtge 4%s series B—
—1959
1st mt$,e 4%s series C
1960
Pitts Young & Ash 1st 4s ser A—1948
3eries E
fieri is
1st gen
11
29 'A
26
3
15%
102% 103
J-J
"7
28
28%
^Plttston
5s series B
5s series C
series D
Co 5%
Inc deb
M-N
J-D
A-O
A-0
M-N
J-D
J-D
J-D
A-O
A-O
J-D
——1962
1974
29
101%
15% 1
J-D
J-J
29-%
26
103%
S
'
*113
101%
*114
..
113%
113'%
— «.
*116'%
■
107
113%
•H.—
102
106'2
*101'%
114%
__
123
*126
126'A
124%
124% 124 %
1
133%
133% 133%
26
128%
129'%
135 %
105
107%
•"
135'%
14
103% 103'-,
2
105% 105%
4
103'% 103%
103%
124'% 1124 Va
5
106% 107%
1
135
'
^
104
104
106 %
103 %
..
106%
94
VA
96%
17
84'%
96%
12
84'A
94
96%
67
84%
"
96'%
*106
«...
ui
...
*120
....
101 VA
—
--
*117
*100
106
'•
98
98
98
106
•
*122
--
134
101'%
94
96
F-A
J-D
—1977
1964
104%
104'%
—
103% 106%
M-S
1945
100
-
guaranteed
3%s gtd gold
4s guaranteed gold
4s guaranteed.
cons guaranteed 4s
D 43
62
107%
99
*136% 139
F-A
90%
49 'A
100 %
*106
M-S
J-D
1964
124%
105'A 105 %
105%
—-
2%s debs
107'%
13
A-O
%
108%
107 Va 108
M-N
A-O
F-A
J-D
M-N
M-N
105'%
107%
Pittsburgh Cine Chi 81 St Louis—
100 Va
93 %
deposit.—
of
Phillips Petroleum
99
90%
A-0
112 Va
109%
J-J
series
ACertificates
101'A
91'A
J-J
105%
110% 110%
A-O
Apr
F-A
Series
99
5s
110%
107
J-D
J-D
A-O
•
»/4
108
107
103%
88
92
92
C—-———1978
D
10
95'%
100 %
93'A
1998
series
91%
92
A-O
Chicago & St Louis—
Ref
77
F-A
.2013
1997
C—
registered
York
86
A-O
registered
——1997
Lake Shore coll gold 3 Vis,
-1998
3Vis registered—.
—1998
Mich Cent coll gold 3 Vis—
-1998
New
70
5
82
1998
3 Vis
%
107%
2013
impt 4Vis series A
&
Cent
Y
108
104%
'
1943
A:
Ref
N
15'
M-N
J-J
M-S
Beries
—
—
series
&
.
J-J
J-J
F-A
F-A
—-1985
1947
*
deposit
Ref
95%
95%
Newport & Cincinnati Bridge Co—
General
104 Va
;
107'%
-L
A—
of
106%
—
1956
deposit
of
series
ACertificates
108 '/a
'
*__
deposit
of
ACertificates
A 1st
1954
series D
4V2s
107'%
-
-
-
:
C
ACertificates
A 1st
100'%
77
82
A-O
deposit
of
ACertificates
J-J
Ry—
Inc 5s series A
ACertiiicates of deposit
A 1st
126
108
SANon-cum
'
123%
104'%
..1983
106
101
100
108'A
3%s
debentures
1981
1968
,1969
——1974
1960
AIncome 4s_—
Apr .1090
Peoria & Pekin Union Ry 5Vis.—1974
Pere Marquette Ry 3%s ser D..—1980
piieips Dodge conv 3%s deb.
1952
Phila Bait & Wash 1st gold 4s—
General 5s series 6—--..,*...,—1974
General; gold 4Vis series C——1977
Philadelphia Co coll tr 4%s._
1961
Phila Electric 1st & ref 2%s
1971
1st & ref M 2%s
—
1967
1st and ref 2%s_
——1974
Philadelphia & Reading Coal—
AGen mtge 6s income...,—Apr 1964
Philip Morris Ltd deb 3s
—-1962
3s debentures
1963
J§APhilippine Ry 1st s f 4s
1937
115'A
106
B
D—
ser
mtge 3!4s ser F
Peoples Gas L & C ref 5s
Peoria & Eastern 4s ext—
102'A
113%
—
'*..
107%
95
3%s
Power & Light
108
*104% 104%
J-D
—
7
*104
-1953
96
3Vis.—„,1960
Gen
112%
14
125
M-S
.1974
'
8
101
113% 113%
124%
104'%
IO8V4
«...
112'%
...
101'% 102'A
102 'A
J-J
1952
96'%
107
cons
B—.,1968
General 4%s series D
1981
Gen mt.gc 4 Vis series E
—1984
Conv deb 3Vis
1962
105
.1965
'
108%
M-iV
Pennsylvania RR—
Consul gold 4s
;—1948
4s sfcerl stpd dollar—..May 1 1948
Gen mtge 3%s series C
1970
Cons sinking fund 4%s
1960
General 4%s series A.—
.1965
109%
109 Va
&
4Vis
86 'A
78'%
&
1st
76%
84'%
ref 4Vis series
1st
Penna
102'%
M-N
M-N
105% 107%
7
106% 106%
106
Pennsylvania Ohio & Detroit RR—
100
M-N
*105% 108'A
106%
106%
106%
M-S
J-D
J-P
106
J-D
J-D
L
ser
M-N
113'%
101%
~
108%
1971
3s
5S.1949
104%
102%
106
32
1974
M
Paterson & Passaic G & E
-1978
fNew Orleans Texas & Mexico
mtge 3s series J
ref
Pennsylvania Co—
Gtd 4s* series E trust ctfs,,—_—1952
108%
96
101
Co—
90%
N
New
gold 5s
90%
..I960
& St L
Chatt
1st
Electric
ref M 3s series K
General
Nash
Co
&
mtge 3 Vis series I
ref
Pennsylvania Glass Sand
ref 33As——1966
Tramways 5s ext
1951
M
Gas
Ref mtge 3%s series C.,_
Paducah & 111 1st s f gold 4%S
Panhandle East F L 3s B_,
107
ill'A
—
113
*108
M
72'%
79%
106%
107
—
*111 Va
3s debs
Morris & Essex 1st gtd 3'%s
Constr
F-A
A-0
Morrell (John) & Co
Constr
M-S
A-O
Power 1st
Montreal
M-N
196V
debentures—
6s
Montana
Coast
at
1st & ref
4s__
ref 5s series F
&
1st
—
__
—
94%
100
RECORD
NEW YORK BOND
FOR
RANGE
Monday, June 4, 1945
CHRONICLE
FINANCIAL
&
THE COMMERCIAL
2468
JUNE 1
WEEK ENDING
Interest
Last
Period
Exchange
Tork Stock
New
Sale Price
or
Friday's
Portland
Pwr
I960
M-S
1966
J-J
1977
F-A
1951
J-J
103
1957
M-N
*30
—1956
M-S
J-J
*110
Securities 4s—
IA Providence Terminal 4s—
Public Service El & Gas 3%,8_
t A Providence
1968
ref mtge 3s
1st Si
3
107 Vi
108%
2037
&
ref mtge
5s
1st
&
ref
8s
mtge
*9
101
25
35%
103
'
J-D
'
107%
*230 % 252
101% 101%
1951
Jersey Cent coll 4s
due_1975
(4.7%
for 1945)
Copper & Brass 3V4S
mtge
Gen
Revere
tSARio Grande West 1st gold
A 1st cons & coll trust 4s A
1949 '
A-O
1977
1967
1967
1969
1934
1949
1941
& Elec Corp—
4%s series D
Gen mtge 3%s series H
Gen mtge 3 % s series I
Gen mtge 3 Vis series J
ISAR I Ark Si Louis 1st 4%s
IA Rut-Canadian 4s stpd
ISARutland RR 4%s stamped
mtge
Gen
102%
105%
98%
109%
M-S
M-S
M-S
M-S
M-S
J-J
49
71%
28
70%
Gas
Rochester
&
Gen
Gen
Pac
*125%
79 %
69%
__
*110
108%
69
1
51
23%
7
16
27%
Si
St Lawr
2d
J-J
J-J
A-0
——1998
Mountain Si Southern—
gold 6s
*103%
*87'/a
103
102
58
99%
92%
48%
A
A2d
61%
61%
63
13
51
64%
46
-
44%
46%
656
37%
48%
44%
44%
45%
7
37%
48
•
*115
92%
94%
113
92%
J-D
'
t
'
104%
103%
4
102%
133
3
130%
_-^195o
stamped—
| A 4s gold
1959
jARefunding 4s
'
;
109% 110%
••I
'»
deposit
of
ACertificates
•
3'As
mtge
50
68
102
:53%
52%
;
'•
F-A
Ban
4 Vis
!
J-J
ser
J-J
Devel
Devel
&
Mem
gen
Div 1st
gold
5s—
996 %
1951
1964
1968
4
1st gold 4s
Bell Tel 3Vis B
Louis Div
8t
Southwestern
&
1st
3s series C
ref
ASpokane Internat
■
7
i
85%
85
102%
109%
109%
—
112 Va
104
—
J-J
J.tj
123
101%
14
104%
118
■
108%
115
103%
__
108
108
1
104
*122
_
A-O
__
*116
104
M-S
108%
93 Va
89
70
'
84
99%
105
89%
101%
100
sq
102%
-
10
;■
70%
70
4
71
60
■
105%
105%
101%
102
117
117%'
'
F-A
101% 101%
.
-.1
118
*117?'
'
:v;;
•
•M.
10
,
106% 107%
14
107
107"
107%
110%
-
J-J
107'/a 108 Va
•
"
?
106%
106% 107%
39
105
107%
107%
107% 108
5
106
Va 108%
May
105
104% 105
83
92%
107%
m-n
107%
107% 107%
22
106 Va
107%
25-year gold 5s—1951
5s
;
—I960
J-D
105.
107%
105%
108
101%
103 %
Maryland
1st 4s
Pacific
Union
4%s
A-O
1952
-
A———1977
inc
ser
Telegraph
A—2014
.
Co\
1951
2361
2361
1st 4s guaranteed
*103% 103%
J-J
83%
A-O
86%
88
83 %
83%
Wilson
& Co
Winston-Salem S B
JAWisconsin
105
105
1.
34
8
'/;
85%
m-n'
34
V 74%: r 84%
109%
110%
104%
105%
104
105%
117% ,117%
86%
*83%
101
79
Wisconsin
1930
Public Service 3%s
88
;;'1
79%
33% * 34
*31
.
Elec Power 3%s__
88
78%
•
*117%
J-J. \
Central 1st 4s_____—1941
of deposit—
;
76
105% 105%
,
J-J
—I960
1st 4a
,
87
110
110
m-s
1st mortgage 3s__—1958
87%
"
M-S
,-1949
Wheeling Steel 3% series C______,1970
50
107%
107
107%
M-AT
J-J
106% 107
•106%
m-s ;
.
1968
'
A-O
.1971
J-J
35%
106 .v 108%
109
110%
108
109
'■
106
38%
20
,
34
*
85%
19
66
109
104%
6
100
84%
49
•
.
*102% 105'/a
q-m
1966
Power 3%s series I
90
; '25
"
*102% 103 Va
mL'm.
.
o h*
m o >—*
%• '
—
89
100% 101
100%
'
v V+7
94
87%
94
Apr
100
328
107
'104%
74
Youngstown Sheet & Tube—
1st mtge s f 3%s series D
123
111
116'A
121%
120% 121%
37
117
121%
116%
122%
106
108
128
1
102%
108%
5
108
107
6
107
M-N
1960
11
57
65
Act,
•Friday's bid
A
;
:
not
Included
in
the
104% 105%
years
12.
d fx-interest.
range,
104% 106%
•
by maturity.
tThe price represented is the dollar quotation per
Accrued interest payable at the exchange rate of $4.8484.
^Companies reported as being in bankruptcy, receivership,
the Bankruptcy
107 %
63
sale
^Negotiability impaired
109%
107
delivery
pound unit of bonds.
...
108
Deferred
Odd-lot aale not
Included In the year's range,
n Under-the-riile sale not lneludod In the year's range,
r Cash sale
not Included In the year's range,
y Ex-coupon.
<
131%
16
95%
~
106%
85
62 y8
98%
100%
422
:.5
63
7
*114%
F-A
M-N
'
I ASu & Du div A term 1st 4s
ACertificates of deposit
104%
101% 102%
Apr
1st gold 4Vi-s__2013
104%
101% 101%
101%
M-S
,
Wisconsin
130% 130%
108
10
J-J
110%
115% 116%
*
107%
106
104% 10474
F-A
J-D
108 Va
92%
105
*122
104%
ACertificates
116
J-J
J-J
J-D
J-J
"
103%
102%
130%
109 Va
J-D
a
J-J
A-0
A-O
A-O
6Vis-————1956
•];
I
228
106% 106'%
:
107%
108
112
98% 100%
J-J
109%
*105
—.—1967
130
103%
3
65
100% 104%
105
107:
A-O
Wheeling & Lake Erie RR 4s_
•
76
105%
.98% 100
104 %
8
A-O
Registered
126
v
•
103% 104
100%
109 Va
—1958
mtge 3%s_
Penn
West Shore
102%
102%
•
108Va 109%
100
108
F-A
30-year
103
661'
"
108%
.
108
F-A
Westinghouse El Si Mfg 2%s__
49
101%
17
103% 103%
M-N
M-N
A-O
-
29%
16 ;
,
*130
v-
#fT
gold 5s_«—1994
1956
1950
cons
gen
:
105% 106%
105%
M-S
:
Ry 1st
Si
76
;
A-O
4s series A
& gen 6s
Devel
"
107
J-D
Funding <sc real estate 4Vis——1950
90
101%
-
104
m-s
Western
92%
81
37
102% 103
.
5
3V*s—--—1955
'
86
•"V
'
1955
1st ref gtd 4s
Stamped
Southern
:
1st 4s
Fran Term
Pac RR
South
■
*
rrAy;.
A-O
1977
1968
—1969
1981
1950
(Oregon Lines) A
1st 4 Vis
Gold 4'is-
.
v'
J-J
.r.
75
76
.
%
107
105
-1981
A
1st mtge 4s__.
Western
68
v 78%
'+*++ !y
*102'4
f-a; ;
————1979
Gold 4 Vis
'
102% 102%
"102%
106%
104
M-N
gtd gold 3%s__2000
67%
53 Va
:Vv' 128 :
J* '
49
45
Pacific Co—
Southern
Gold
1
105%
22
Petroleum
,s
46
•
J-J
Ala RR gtd 5s_-——.1963
Bell Tel & Tel 3^*8
1962
debentures
3s
■
J-J
South & Nor
South
67%
68
mm
17
104% 105
105
105%
B——1991
B——
-1971
1st it ref 5%s aeries
68
118
'
30
105% 105%
RR 1st ref
i i Western
50
65%
,
105
104%
Warren
50%
•
:
F-A
50 Va
39%
''
i
110%
39%
39%
64%
67%
103
105%
Apr
inc series
4s
Walwprin Co
West
86%
77
12
-
105%
1
A-O
f 4s series B„
mtge
:!;;; Oen
65%
68
68
tf ASileslan-Am Corp coll tr 7s
1941
Bkelly Oil 3s debentures
1960
Bocony-Vacuum Oil 3s debs——1964
>
•
,
109%
12
M-S
.-1935
1954
1961
tASeaboard All Fla 6s A ctfs
8he»l Union OH 2 Vis debs—
2%s sinking fund debentures
:
M-S
110
49
.
103%
103% 103%
Washington Terminal 2%s ser A--1970
Westchester Ltg 5s stpd gtd--—..1950
•Ill
86
■
•
89 Va
50%
.-••47%
50%
•
87%
-
■'55
50 Va
49
50%
:
Trust)
ACtfs of dep (Chemical Bank)—
A 1st cons 6s series A
—1941
•.
'ACtfs of dep (Guaranty Trust)—
ACtfs of dep (Chemical Bank)—
18 A AM fciBirm 1st gtd 4s_——1933
!
*.
62
:
'
dep (N Y
ACtfs of
1
A-O
,;3
13
X
•
111
109
20%
8
v
1037/a
Warren
108% 109%
;v
111
deposit—
-.ACertificate of
•
•
109% 110
'
—
113%
10
30
J-J
mtge inc 4%s series
1st
133
■111
111%
112%
30
103% 103%
-J-J
RR cons g 4s series A—1955
s
Gen
106
133
-
105%
W
105 Va
103
A-O
103
105%
5
Wabash RR Co—
56%
M-N
A-O
60 Va
1G5
1017a
--
105% 105%
—
F-A
92 V2
M-S
1950
94%
•104 V
97%
97%
.'.48%
.<-■,1
-
103%
86%
M-S
'
72
143
105% 105 Va
105 »/4
105 Va
51
6
*1011e 102%
—
103
574
104% 104 Va
F-A
-.1957
Va Iron Coal & Coke 1st gold 5s__1949
Va & Southwest 1st gtd 5s
-2003
1st cons 5s—
1958
Cons
"1'' "'wmm
53% "54%
54%?
58
J-D
1970
—1971
Gen
'
53
65
91%
57%
A-O
887/a
105%
105%
997 a
11
103% 103%
91
J-J
Biscuit 3Vis debs
Vandalia
65%
72.
;
■;.<> 22
95
*110
>■
A-O
V
9
J-D
Washington Central Ry 1st 45—1948
tSeaboard Air Line Ry—
.
| A 1st gold 4s unstamped
ACertificates of deposit
105'/a 105%
—
100
116%
87%
•j,-
V
F-A
i
108
tl^
96 Va
V 90%
94%
V
„
J-D
1st cons gold 4s_198B
t§ A8t P & K C Sh L gtd 4Vis
1941
Bt Paul Union Depot 3Vis B
1971
Schenley Distillers 4s 8 1 deb——1952
Scioto V Si N E 1st gtd 4s
1989
u,
96 Va
,
J-J
J-J
1990
A
St Paul fc Duluth
V
51
J-J
1952
IA 1st term Si unifying 5s
AGen & ref gold 5s series
'
48
186
M-N
bond certificates-.——1989
inc bond ctfs,——Nov 1989
4s
18
63%
deposit stpd
ACertificates of
4s
58%
61%
M-S
Louis-Southwestern Ry—
1st
57%
62%
---
1978
series A
Cons M 4 Vis
|St
'
■f"
deposit
of
ACertificates
20
J-D
-1947
grant 4s
land
62%
57%
J-J
1950
lien 5s series B—
A Prior
105% 105%
62%
58%
'
deposit
of
105%
100%
99
473
59%
J-J
1950
A
ser
ACertificates
,
7
103
1
"i
Francisco Ry
lien 4s
A Prior
105% 105%
A-O
1980
1955
United Drug 3%s debs
—1958
Universal Pictures 3%s debs
1959
8
97
-
I3t Louis San
140
105%
Pacific RR—
&
35-year 3Vis deb
Ref mtge 3%s series A
103%
103
97
108 Va
130
19
A-O
1959
—1967
debentures
1st
99%
37
102% 103%
J-J
107%
106%
8
140
A-O
United
M-N
.
St
105
106% 107
140
1945
34-year 3%s deb
86%
79%
—
103%
16
105% 105%
107
112
U
90
81
*91
J6t Louis Iron
River & Gulf
Division
§Alst 4s Stamped—
1933
ACertificates of depositL Rocky Mt & P 5s stpd
—1955
103%
...
109%
140
M-N
Union
St Jos
105%
1971
106%
103%
104%
106% 106%
A-O
Ltd 1st M 4Vis—196C
Grand Island 1st 4s
1947
& Adir 1st gold 5s—-—1996
105
M-N
of Mo 3%s
Union Electric Co
3s
Baguenay Pwr
128%
6
A-O
ISAUnion Elev Ry (Chic) 5s
Union Oil of Calif 3s deb-
172
2 6'/a
107%
126
107% 108
23 y8
17%
25 Vi
106%
107%
70%
23
25%
110%
109
69
J-J
1
6
108%
108%
'109% 110%
23%
106%
106
—
128%
128
J-D
1st ref 4s
Ry
Ave
*107%
128%
F-A
1960
A Ad]
income 5s
Jan 1960
Tol & Ohio Cent ref & impt 3%s—1960
Toronto Ham & Buff 1st gold 4s__1940
Trenton Gas Si Elec 1st gold 5s—1949
Tri-Continental Corp 3% debs
1960
Third
__
100
70%
107%
104 Vi
111% 111%
111%
J-J
J-J
Pacific 1st gold 5s
ref 5s series B
& ref 5s series C
1979
& ref 5s series D
1980
Pacific-Missouri—
Tenn RR of New Orl 3%s__1974
&
Texas
'102%
M-N
J-J
4s__1939
108
103%
35
107% 107%
107%
—
»9Hu
107%
107%
104%
107 Vi
'107
J-J
Remington Rand deb 3%s—_——1956
Rensselaer & Saratoga RR Co-
106%
102%
25
106% 106%
ser
debentures
Gen
A-O
•.
M 4s
imp
&
Texas
R
Co
*104% 105%
J-J
1953
B—1974
2019
1950
1959
1968
2000
1977
refund s f gold 4s
impt mtge 3%s series
C
Tfcxurkana & Ft Smith 5Vis A
Texas Company 3s deb
101%
100%
10
3s
Rearfine
of St Louis—
Terminal RR Assn
Ref
101%
M-N
105 Va
105 Va
157
Ref &
J-J
103
2
105%
106%
105%
8
105'/a 105%
High
103%
224% 230%
Q
1964
Low
103%
9
26
*106
M-N
l»6i
No.
—
Gen
Quaker Oats 2s/aS deb
'
__
Range Since
January 1
Sold
r
108 %
155
—
J-D
Bonds
>
Burn
110%
110
110%
*108'A
*151%
104
J-J
1956
Superior Oil 3%s debs
Swift & Co 2%s debs
103 Va
Vi
debs
Oil Corp 3%
Sunray
103%
34
Friday's
104% 104%
104
104%
103 7/a 103 7/a
104%
J-D
1961
1953
1959
debenture
2%s
103 Vi
j-j
i.
J
2037
—
Vi
F-A
1968
Calif 2%s debs
Standard Oil N J deb 3s
104
0113
M-N
—1972
1st
108 Vi 108
or
Bid & Asked
Low
Stand Oil of
102%
*100 Vi
Car deb 5s
Pressed Steel
103
1st 4%s—
Sale Price
High
54
102% 103
1st M 3V4S_
Elec
Gen
El
mortgage 3%s
1st
Low
Last
Period
January 1
No.
Biah
Low
Potomac
Sold
Bid & Asked
Interest
Stock Exchange
New York
Range Since
Bonds
Week's Range
Friday
BOND 8
Week's Range
Friday
BONDS
Bonus
securities
or
and asked
assumed
prices;
no
bv
such
companle*
sales being transacted
or rtorganlzed
under ■eetlon tf of
r
current
during
week.
A-
selling flat.
NEW YORK CURB EXCHANGE
AND
WEEKLY
NOTICE—Cash
In
a
footnote
In
the
week
In
which
ending i the
26, and
include
they occur.
present
Friday,
(June
J
«TOCK8
New
York
Curb
Friday
'•W.' Vv,.■■
Aoiue
Aero
wire
Motors
uu
Class
Air
Investors
Convertible
For
1
1
Mfg
Associates
preferred
footnotes
see
page
Low
1,300
22
22 V*
22
200
2473.
Curb
32
Apr
Air-Way
Electric
22% May
Alabama
Great
4
May
4%
700
1,200
12%
1,700
12% Mar
200
2'4 Mar
—
—
3
—
3
-
—
9%
36 %
Jan
May
5%
Jan
3% Mar
37%
Alreon
Mfg Corp__
Apr
Sales
ahon
Saturday,
on
:
Range
for Week
Shares
Alabama
Power Co
Allied
&
Investing
6%
__
*
"IT""*
Fisher common
Intl
5%
3
IIIH50
$7 preferred
$6;. preferred
Alles
Low
50c
Appliance
Southern,,,
Feb
14% Mav
13%
Week's
of Prices
Par
Jan
13%
•
Last
High
7% May
Jan
12%
4
Friday
Exchange
Sale Price
19
13 Va
io
York
Jan
12%
_
wowiy range are
ENDING JUNE 1
274
13%
2
common
WEEK
STOCKS—
1
(N J)
FOR
New
5
common
Inc
6%
7
10
common,.
RANGE
Range Since January 1
High
6%
_„M,
transactions on the New York Curb Exchange for the week beginning
for Week
Shares
H
is
Sales
Range
rM-i„
compiled entirely from the daily reports of the Curb Exchange itself, and is intended to
dealings have occurred during the current year,
It
27%
1
B
Air
Week's
Low
Par
]
warrants
8upply Mfg class A__.
Ainsworth
1945).
;""V'
■
of Prices
Last
Exchange
ie Price
ACF-Brill
1,
security, whether stock or bond, in which any
every
RECORD
YEARLY
the week's range unless they are the only transactions of the week, and when sellinv nntRisa
No account is taken of such sales in computing the range for the year.
delivery sales are disregarded in
the following extensive list we furnish a complete record of the
In
May
deferred
and
$3
5%
6
128
Low
nfd~
♦
6.600
5%
Apr
6%
4,200
3%
Jan
150
99%
Jan
8
Jan
6% May
131% May
117% Mar
116% 117%
50
115% May
107
10
106
107
6%
42
January 1
High
6
128
.
conv
Range Since
High
42%
50
41
Jan
Apr
Jan
107 Va
10
48
Jan
Feb
Feb
Number 4391
161
Volume
THE COMMERCIAL & FINANCIAL
CHRONICLE
2469
NEW YORK CURB
EXCHANGE
RANGE FOR WEEK ENDING
STOCKS—
York
New
Curb
Friday
Exchange
Week's
Last
Range
A
Class
Altorfer
(Mich)
conv
Co
Bros
Ltd
Convertible
class
__
49
49
49%
16%
16%
17
46%
46%
45
45
1
2
100
__
—
1% Mar
140
46
1,900
50
36%
36%
3,400
xll3% 113%
275
111%
Jan
113%
400
8'/a
Jan
10%
36%
100
xll3%
_
Corp
common—10c
preferred
1
preferred
10%
—
10%
20
25
51
x35%
36 %
400
32%
Writing
Jan
Apr
28
Mar
Calilornia
Jan
70
Mar
Callite
3%
3%
22,600
34 %
34%
200
17%
100%
15%
2
6%
6%
A
26
Apr
13%
Jan
'600
4%
Jan
%
9,500
%
Jan
120%
Jan
129% May
A
Jan
27
Apr
5
Mar
9%
900
5%
Jan
10%
Apr
5%
400
3%
Jan
6%
Feb
Carman
3%
27
27
•
Tel
class
20%
4
Jan
May
Jan
114% Mar
Carter
(J
Jan
Casco-
Castle
(A M)
8,800
10%
4,400
3%
Jan
3%
Jan
20%
.^.1
113
18%
8%
20%
8
■«.*»
•
"
11%
«.*»
9%
~9%
75
8,000
76%
9%
450
3%
3%
Maine
Central
New
u%
11%
22'A
20
22%
Automatic
Products—
15
14
16
Automatic
Voting
Machine...^..—.««•
it Sons common—
Central
3
58%
.
83 % Mar
Jan
17 »A
Jan
22'A
Jun
3,100
12
Apr.;.,.
Jan-';
I8V2
Jan
7 V*
May
3% May
Feb
VA
14%
5%
200
:5/
400
-
10% Jan '
15
May
26
1
23
—ii. ■
17%
17%
200
Jan
16% Mar
,r;
Feb
American
•
34%
34%
-
35
1,000
Jan
29%
37
Co
7%
pfd
common—
14%
13%
14%
24,600
10%
Jan
15%
40%
40%
40%
100
40%
Jun
43
Apr
12%
12%
12%
1,100
10%
Jan
12% May
Basic
Andes—>
Refractories
<L)
—
12
.
A
3 %
Beau
12%
150
3%
10%
4,800
3%
1
Inc
——100
Aircraft
Apr
12%
Feb
Feb
3
3%
Feb
6%
Apr
5%
Jan
7%
Feb
8% Mar
11%
Jan
4,200
..
+
Mar
25%
100
25%
1,600
18%
4%
500
3%
11
200
18%
125
Feb
Mar
Jun
Jan
10%
24%
3%
1
Canada
of
J8
5%
15%
106
11
10
.4
common
200
—■
———1
common—
Mills. Inc
Tel
:.6%
17%
'
Ties
Beauni;
Bellanca
Bell
17%
common—
Brummel
&
9
11
Jan
25%
Jun
5%
Jan
May
__
145
Jan
149 %
Apr
30
..
Hedges common..—.—.«.*
Mar
46%
Feb
46
Jan
36% Mar
1
Bickfords Inc
Blauner's
Bliss
(E
2%
.1
common—
Birdsboro Steel
Fdy & Mach Co
13%
i
common
—...
Zi
7%
(S) it Co
(H C)
1st
Co
32%
00
——....
——
2d
Brazilian
Breeze
Traction
Corp
19
123
2,800
11
Mar
15% May
14%
30%
33
Jan
13
Feb
15%
Jan
33
,May
3%
Jan
5%
Mar
Jan
57%
Feb
10%
--
15,000
4%
4,100
54%
54%
450
23
18%
19
1,700
2,100
15%
9%
200
110
Jan
36%
350
32
Jan
14
800
12%
Jan
42
_•
•
3%
1%
1%
8,300
%
Jan
42%
2,700
34%
Apr
48
4
3,200
Bridgeport Gas Light Co
Bridgeport Oil Co
Brillo Mfg Co common...^......
4%
••'•t'atr:Apfe
22%
22%
22%
1,500
20
Jan
17%
17%
18%
4%
5%
23%
Jan
4%
1,200
5,900
15
1
3% Feb
Jun
36% May
14% Apr
36%
:~i
Lgt & Pwr—_
common
Aeronautical
123
2
3%
May
19% May
Jan
12%
123
24
Jan
36%
1%
ioo
117
24
51
36%
common.—.—
preferred.
Brewster
17 ;' Mar
1%
12%
.25
.—
1st preferred
$5
Jan
4%
•
preferred
Borne Scrymser Co.
Bourjois Inc
7%
2% May
15
'
23%
common
Bowman-Biltmore
Jan
300
-
—
.1
Boliack
13%
13,300
/
.1
Blumenthal
2%
16 '/a
2%
16
common
W)
19
,
May
Feb
Jan
Feb
Feb
5%
Apr
.
A
t
American Oil
British
American
"7% 1%:
1,300
Jan
~7%
May
10%
17
CO
Mar
22% May
-
35
May
Co..—- ...
21
Jan
Am
dep
rets
ord
Celanese
Amer
British
Clark
t
£1
reg
Power
10s
class
A
!
Brown Fence & Wire
Brown Rubber Co
(E LI
Silk
Co
common
Niagara
SI.60
S5
Bunker
Burrv
Butler
fP
For
Hi
2%
Feb
22
19%
Apr
Jan
22
Apr
5% Mar
6
Apr
Mar
21
Mar
&
19
Apr
Feb
49
May
May
115
Feb
3,200
9%
2,100
106% 106%
90
9%
9%
106%
10
Mar
14%
Jan
19%
Jan
26 % Mar
7% Mar
7%
76
•
2,175
77%
24
1
7,300
.
24%
.
24
150
Feb
-
Jan
10
May
120
Apr
107
Jan
Apr
14% May
Feb
122%
Apr
4 %
May
U APi'
21
Feb
10%
118% May
104% Apr
118
76
Apr
32
Mar
"4%
"4% "4%
5
13%
13%
65
Apr
78
May
22
Apr
30%
Mar
22
10
1
Apr
30% Mar
8,100
.,
13%
4% Mar
500
5%
Jan
19%
20%
124
mm*.
20%
325
124
50
«%
Feb
13 % May
10%
Jan
12'/a
16%
Jan
21
Apr
Jan
124
May
112
38%
•
37%
38 %
600
34%
Feb
12
12
12%
200
12
Jun
1
1 %
6,400
110% 122%
1,675
85
Jan
16%
Jan
1;
.1
..100
119%
10
20%
130%
19%
20%
14.900
128% 131%
2,350
12
12%
300
•
x'10%
10
10%
10%
300
Feb
38% May
Jun
11
Feb
1%
117
14 %
Feb
122% May
21% May
Jan
132
May
12% Mav
110% Mar
_»
Homes
Jan
114% Mar
Jan
12%
100
i
Cleveland
Co..
123%
Feb
8%
Jan
11%
Apr
9
Jan
9%
Feb
Electric
Clinchfield
Coal
1
22%
19%
Jan
.1
"2%
2%
2%
1,500
1%
Jan
3%
Apr
«
15%
13%
15 %
3,800
8%
Jan
15%
Jun
Illuminating
•
Corp
Aluminum
20
Inc
Mfg
Lights
Lambert
&
Co
Cockshutt
Colon
Plow
Co
38
•
Airlines
Colorado
Colt's
Fuel &
14%
13%
14%
5%
Patent
Columbia
5%
Fire
Gas
&
warrants
5%
Arms
28
Commonwealth
it
Southern
6 %
400
2%
5%
Apr
Jan
2%
7%
Feb
25
24%
Feb
100
24
Jan
27
Feb
1,800
20
Feb
26%
Apr
91
25
24%
•
25
5
Feb
93
~4%
"5
2,400
3%
33
9%
11
11
11
400
10
Jan
5%
Mar
Jan
37
Apr
Jan
10%
Feb
Jan
12%
Feb
Mar
t
extended
c
to
Gas it Coke
$3
1946
Secur
Consol G
4%%
4%
E
Gas
Mining
Retail
it
Steel
Textile
12%c
25c
page
2473.
Feb
34% Mar
41%
71
87
Jan
Apr
May
Va
,'e
6,400
1/64
Jan
i'a
Jan
33%
150
27 %
Jan
35%
Apr
1%
HU0
U
Jan
550
15
xll%
11
11%
76 =
77
1,500
77
1,000
11%
2 % Mar
Jan
15
Feb
May
2%
Feb
Apr
43%-Mar
7%
Jan
12 % May
67%
116
106% 108%
108
40
Jan
77% May
Jan
118
106% May
5% Apr
110
Jun
Jan
6 %
6 %
6%
1,900
Ltd—_B
60%
60%
61%
1,275
43%
Jan
65
1
10%
10
10%
3,100
8%
Jan
10% May
2%
Jan
20%
20%
21%
1.000
35,200
18%
Jan
4%
Jan
1,000
'i3%
Jan
50
108%
100
Royalty
Jan
1
Smelt
OIJ
115
10
.
7 %
Feb
Toe
Co
Cominental#Fdy & Machine Co
7%
—1
preferred
.100
*
,18%
111% 112 Va
18% 19
7%
V/B
■
19
—
•
....
7%
19
111%
Gas & Electric Co—
Cook Paint &, Varnish Co
Copper Rang? Co
6
.18%
-
7%
.
*
,
,
400
i ,650
15
May
3% Mar
25%
Jan
7%
Jun
19% May
Jan
Jan
Jan
May
117
•
Corp...
Cornucopia Gold Mines
Coro Inc d———.
Corr/on
$6
&
_.5C
23%
8,800
20 %
150
111%
Jan
500
10%
23
Jan
24
114%
!—!
preferred A
°/8
3%
113
:C;;
Apr
20%
Apr
9%
7% May
200
r
—1
— —
•
t
.
...
—.*
Ill1
3%
3%
3%
900
—50
34%
34%
35%
175
preferred
98%
98% 101
"
iT«
Ja.i
14% Mar
5,900
common—
Petroleum
convertible
%
3%
•
Reynolds......
290
2
Jan
American
Creole
Croft
2%
4
Jan
84
33
109
Jan
Jan
dep receipts
Crowley
(ord
Cork
International
Crvstal
Oil
(Mdi
8
A__
—•
common
Refining
preferred
9%
Jan
10% May
6,700
25%
Mar
31% May
1%
27,500
1
Jan
400
9
Mar
17
.
9%
9%
1
4
—28
common.....
100
28%
1%
10
.280
preferred
9%
28%
9 %
...
Crown
Drug Co
Sugar
common
Curtis
Lighting
Inc
common
(Mo)
7% Mar
50
4
1,500
3%
Jan
150
25%
Apr
200
2%
Jan
2%
39 %
39%
26%
27
•
26%
3,300
17
26%
2%
8
Tobacco
9%
10
26%
10
Atlantic
Cuban
17
3%
26%
•
Cuban
Mfg Co
Feb
Mar
9%
•
Milner & Co
convertible
Feb
3%
38
1 %
Petrol
nch
Feb
28%
8
Cent
$6
reg) —£1
Co
Crown
Crown
Feb
21% May
I
Petroleum
Brewing
til
,
Jan
Courtaulds Ltd—
20
19,600
I5
,
"5%
5%
50
12%
2.50
12 I'a
100
30%
31%
650
36%
36%
70
Feb
Jan
4%
27
4%
Feb
Feb
Mar
32
Apr
~22% Mar
49
28%
Jan
Feb
18
Jan
13%
...
Jan
1%
11%
10% May
19% Feb
May
4% Mar
6%
Jan
10%
Jan
13%
Feb
31
Jan
31%
Feb
22%
Jan
31% May
35%
Feb
40% Mar
'
•
—'
Mar
Feb
D
13%
13%
Jan
14% May
2%
2%
2%
14,500
1%
Jan
2% May
Davenport Hosiery Mills..:
5%
5
5%
20.000
3
Jan
5% May
Dayton
6 %
6%
700
4%
Jan
6%
2.50
common
800
1
100
preferred
Consolidated
prior
1,650
100
C
Stores
Consolidated
1%
3,400
Jun
6%
16'/« May
7% Mar
41%
*
common
Utilities..
Consolidated
Continental
5%
5%
J?
1%
13%
1
preferred.!
series
Consolidated
Consol
May
•
Co
L P Bait
series B
preferred
8%
8
•
Biscuit
Consolidated
2,800?
13%
33%
1
common
preferred
Consolidated
7%
40 %
"1%
Compo Shoe Machinery—
V
Jan
6'/a May
Jan
4%
87
%
.1
Conn
40% Mar
11%
39
Feb
46% Mar
>;
400
84 %
28
Service
Curtis
114% 114 %
23%
•
rets
see
Service
Water
Jan
3,600
39%
wanants—
Public
Community
Jan
3%
5%
87
100
Jan
28%
13%
Electric—
preference
35%
200
12%
475
1,400
6%
13%
1
—
Iron
40%
4%
,-.*
common..
300
42
5%
Development ordinary
•-Colonial
20%
41
39%
100
Utensil
Power—
Corn
footnotes
6
25
24%
*
East
dep
21
50
5
preferred
Hill & Sullivan
Corp Am
1,000
—
k
1
common
Ltd
preferred
Biscuit
100
6
-*
1st
Burma
22
6
l
common
Mills
*
__
*
Buckeye Pipe Line
Buffalo
22
2 %
—
*
prior preferred
Bruck
800
"*8%
100
Stamping—.,.
Neon
Cosden
Ltd—
B
Bruce
May
22% Mar
19%
£1
;
Class A preferred
Brown Forman Distillers
$5
Jan
May
24
„•
Controller
Claude
5 %
dep rets ord reg
Columbia
Class
35
Tobacco—
dep rects ord bearer.
British
17%
X8
•~8%
23
common.
Jun
18% May
33
8%
17
~3% '""3%
.
4%
Jan
112
17
23
.....
29
Jan
Mar
1
——
,
British
Am
1%
0
-
Class:
Jan
16%
42%
"3%
Community
Benson
Jan
12
preferred B
Club
;.B
common
-7% ,1st preferred-..—
.
275
100
preferred
Clayton
shares
convertible
Baumann
Apr
Jan
6%
6%
110
__
$1.20
Jan
Feb
30
CO; common—I
6
70.100
50c
preferred BB__.
City Auto
May
4%
18%
100
........
City & Suburban
Steel Corp^,
...»——1
& Seelig Mfg—
.i.
Barium
.
i Barlow
Light
Service common
60c
18
.1
,
Chief
$6
100
Apr
26
28
Cherry-Burrell common...—
.5
Chesebrough MIg.
Chicago Flexible Shaft Co common—*
Chicago Rivet & Mach
■*—^,,,*,4
V
"*3%
„.100
Aircraft
i Cities
.18% Jan
%
100
Consolidated Mining.!,..—
jChilds Co preferred
'
~4%
pia__l00
Chamberlin Co of America
12%
6
5Va
:.*
com
preferred
Cessna
108%
25% May
6%
Jan
22% May
8% Jan
Jan
108% Apr
—
' May
8%
Jan
8%
10
pfd..:
0%
ser
Feb
'
warrants for
Elec
ser
2%
'
14%
——1
preferred
los
&
div
7,500
Baldwin Locomotive-
de
Power
6% Mar
20
.1
Proaucts
pfd opt div
10%
'
6%
14%
•
25
Babcock & Wilcox Co
Banco
Steel
pfd opt
700
-
7%
$6
Rubber.
&
Power
Conv
B
Purchase
Gas
Power 7%
York
Conv
6,100
1,400
1
:
Feb
Jan
8%
8
•
America....
101% May
11% Feb
17
10% May
10% Apr
„•
_
& South West Utilities
§Cent States Elec G%
preferred
Mar
l7/a Mar
Jan
101% May
7% Apr
Jan
•
...
;
of
Ohio
Central
Jan
10
1
;.S
—
Jan
1
3%
11%
17e
:
Co
Hudson
Feb
%
7
225
'■
.
preferred
:
Ayrshire Collieries Corp
Corp
Central
9>/u
6%
$7 preferred..*
com
&
Catalin
Apr
9%
700
„
X
.....50
6%
Mar
7%
2,600
1%
Corp warrants———'
Drop Forge comnton^....v....i.8
Atlas Plywood Corp..r
——.1
Baldwin
Co
113 Mb May
23 lA Jan
Feb
Xl7
__
1%
10%
-
pfd..l00
i
Atlas
110%
4,000"
8%
*»«•
1%
•
A
RR Co
Fisheries
20
V
300
18
Central
£1
Atlas
,
W)
Feb
11
4% May
Jan
9%
•
Products.
5%
9% Jan
5% May
5% May
10% Mar
Jan
7%
\
common
7%
6,700
3% May
100
Carolina Power &
Light
$6 preferred
Feb
28
4
Jan
•
Carnation Co
20% May
111%
5
10%
113
2.50
Atlantic Coast Line: Co..—
(B Fl
Jan
Jan
1%
•
class A
50
Industries-
Coast
Co
9,500
4%
5
10%
preferred.*
dep rects reg—....
&
&
9%
5%
8
5
•
—10
100
J 21% 112
9%
% Jan
3
100
2
3%
•
7%
preferred
Canadian Marconi
Capital City Products
3%
112
Associated Laundries of America-.
&
?___
voting
Canadian Industries Ltd—
Class B
pfd—100
.....1
Equipment Corp
Ashland Oil: & Refining Co.—
Coast
voting
9%
•
600
500
~9%
25
non
Jan
18
27
Aro
Birm
B
Central
Arkansas' Power- & Light $7
-Associated Tel
A
Class
4%
3%
•
-
Electric
Class
5%
-1
non-voting
Canadian
400
£ 1
3%
3%
.100
—;
3,700
*9%
common....*
3%
Foundry Ltd—
4%
18
High
3
—
10
preference
Industrial Alcohol-
26%
'
class
% %
preferred
Canadian Car &
6% May
% Feb
50
Low
l
Power
4%
i
preferred
Electric
6
16% Mar
6%
Range Since January I
High
£1
Participating
4,500
Low
Corp
l
Fire Insurance
——5
Cement Co Ltd common..
*
Canada
Apr
48
Shares
Tungsten
Camden
Aprx
Jan
dep rets 5% pfd
Sugar Estate...
Calamba
3% May
35
for Week
50o
American
25%
5
Arkansas Natural Gas common
105%
Jan
Jan
41%
129% 129%
Appalachian Elec Pwr 4%%
Argus Inc —...
Jan
1%
31
Sales
Range
of Prices
50c
certificates
Wireless—
25%
5,300
v
common
trust
&
51
10c
dep rets ord reg
Voting
Cables
825
3%
—
•
Paper
Jan
Cable Electric Products
400
20%
27%
/
14%
Fence
44% May
69%
19%
14%
preferred
Jan
Mar
Week's
Last
C
36% May
21% Apr
67
Friday
Exchange
Par
Jan
27
Curb
Sale Price
Feb
24%
41%
York
21% May
36% May
18
68
•
preferred
Jan
New
Mar
275
10
com
Jan
31
Chemical.—_—*
5%
17%
.
%
350
...
,_1
common—
Jan
23%
100
Co
44% Mar
33
44%
19%
100
common.
Jan
STOCKS
38%
47% May
36 %
25
Angostura-Wupperman
Apex-Elec Mfg Co common—
Avery
EXCHANGE
7% Mar
44
23
v.
Jan
22%
__
25
Mach
& Trac common
Thread
4
1
Rubber Co
&
1,500
Anglo-Iranian Oil Co Ltd—
Atlantic
CURB
New York 5, N. Y.
Apr
__
Electric——10
Superpower Corp
$6 preferred^.—
Atlanta
YORK
Feb
&
Republics
Seal-Kap
American
NEW
Jan
300
Maracaibo
Associated
MEMBERS OF THE
Jan
48%
21%
Light
Common
52
21%
Potash
6%
request
HERBERT E. STERN & CO.
Feb
4,500
American
.
on
Jan
19,900
Laundry
Post
Long Dividend Records
30 Pine Street
46% May
43 % Jan
50
Exchange Common Stocks
17% May
%
American
.
Jan
41%
*
Preferred
Am
2%
50%
Mar
11%
x40%
Hard
American
2
%
common
common
American Meter Co————.—
Anchor
Mar
x41%
Hoe
convertible
$6 series
May
110
10
&
General
American
X107
Jan
Foreign Power warrants—
preferred;
Mfg Co
1st
Jan
108
with
Feb
6%
American
Amer
86%
100
List of
New York Curb
45%. Jun
117
5%
Gas
American
Jan
—1
preferred
American
26
Jan
5%
convertible
6%
Feb
Jan
1,000
25
Cyanamid Co
American
21
15%
104 % 105'/a
29
Fork
American
Jan
Jan
109'/a 109 %
A
&
$2.50
112%
& jjight—
American
American
36%
450
109 %
Mfg—
Power
American
$2
8,100
114%
114
1
American
Jan
—....—100
Co..
American
4%%
9
8%
105 %
Class B
Amorican
% May
May
Jan
45%
•
A
Class
39
100
Central
Cities
American
Jan
•
common
Book
American
39
30
•
American Beverage common
American
Jan
675
41%
45%
100
preferred—;
Q%
High
29
39
19%
*
Goods Mfg
Industries common
Aluminium
Low
250
38
38
38
•
common
preferred
t>%
Aluminum
Range Since January 1
Hijh
38
__
_23
Aluminum Co common
Aluminum
Shares
Low
10
common
for Week
of Prices
Sale Price
Par
Products
Allied
JUNE 1
Sales
Mar
Class
Rubber
A
Mfg
convertible
_•
1
35
30%
&
THE COMMERCIAL
2470
FOR WEEK
RANGE
ENDING JUNE 1
Week's
Sales
Last
Range
for Week
Sale Price
of Prices
Shares
Friday
STOCKS
Sales
Week's
Friday
STOCKS
Last
Range
for Week
of Prices
Shares
Par
debenture
Corp
Derby Oil & Ref
preferred
Shoe common
Corp
Distillers Co Ltd—
Am dep rets ovd reg
Divco Corporation
Dobeckmun Co common
Domestic Industries class A com
Dominion Bridge Co Ltd
Dominion Steel & Coal B
Dominion Tar Xi Chemical Ltd
Dominion Textile Co Ltd
Diana Stores
Karris Co—
Duke Power Co
Durham Hosiery class B
Duro Test Corp common
11 Vb
18%
Apr
21%
Apr
1%
Jan
Jan
7%
Jan
25%
Apr
Feb
26%
Feb
11%
Apr
1,075
18 '
Jan
1,400
29%
18% 19%
13% Jan
Class A
.
common
Bulphur
_*
18% xl9%
27% 27%
4% 4%
__
__
19%
,
11%
1,500
—
Jan
Apr
5%
25% Mar
28 %
7%
Feb
6%
x68'/2
x80% 80 %
43
56
91
91%
12
12
4
4
13
13
x68
—
80%
56
91%
__
„
__
Apr
67
May
I
I
74
Apr
82 %
Feb
38%
Jan
56
84
Jan
95
•1
8% May
400
3%
Jan
100
11 Va
Jan
12% May
•
I
& Hardart
4
preferred
prior
% %
•
100
100
29
„—•
•
Fuel Assoc common
East Gas ft
preferred
Malleable Iron
Eastern States Corp
$7 preferred series A
$6 preferred series B
6%
Eastern
preferred
$5
Bond & Share
$5 preferred
$6 preferred
Electric Power k Light
Electric
Elliott Co common
5% %
conv preferred
District Electric
Empire
46%
Feb
60
25
33 Va
Jan
Jan
2
200
47% May
58
47
May
57
Feb
39 %
Jan
48
May
48%
46%
1,500
11%
12%
2,500
8
Jan
12%
20
50
17
Jan
20 Va
Mar
13% May
13 VB
13%
56,200
9%
Jan
99%
99%
1,900
95%
Jan
100
100 VB 100%
2,800
97%
Jan
Jan
111
Jan
40 %
Feb
Jan
27 Va May
Jan
75% May
Jan
108 Va May
500
11%
Jan
38%
38%
25
35 %,
24
24%
5,400
15
1,375
49
5% pfd—100
105'A
1%
...
225
9
9»/B
400
28%
28
28%
250
36%
36%
38 '/a
4,500
9
2%
Apr
Jan
47%
Feb
43
45%
Feb
12
Jan
1%
3,400
2
,1%
45%
45 %
Jan
11
700
11.%
11%
—
Equipment
Vsr Jan
—77
—
common
67
66%
67
1,400
18 %
25%
600
19%
Jan
33
Jan
25
25
51%
51
54
1,900
11%
11%
11%
2,400
38%
38%
Ford Motor Co
Am dep rets
Ltd—
13%
7% Mar
25
May
31% May
3%
of Canada—
non-voting
voting
Ford Motor of France—
Amer dep rets bearer
Fort Pitt Brewing Co
Ford Motor
Class
9% May
Feb
32 Va
39
May
B
May
4%
Jan
16
Jan
Jan
3
16%
16%
100
Apr
17 %
44 %
38 V*
Feb
52%
23
48'%
28%
4,500
26%
'9,500
9%
Jan
28% May
24
7%
26
26%
3,500
27
26%
27
5% Jan
1,600
7%
7%
May
65% Jan
520
71
71
22%
Jan
!
22'A Jan
50
37/a
Jan
24 Va
Apr
7i)
Jan
8
May
27
32%
325
112% 112%
5%
6%
5%
5%
5%
200
5% Mar
7
200
28 % May
34
29
28 %
1%
Jan
Jan
4%
Apr
11% May
13%
Apt'
3%
700
4%
4
Feb
11%
11%
12
2,800
23
20%
23
300
17%
Jan
23
Jun
23%
23%
23%
450
17%
Jan
25
Apr
72
72
55%
Jan
73
Power Co
Jan
98
8
preferred
Co common
5%
Gellman Mfg
32%
Gen
$6
Gen
,
—
110
Mar
8
27%
50
23
Jan
28 %
«
46 %
44%
46%
3,100
43
Mar
50
8
8%
8%
8%
3,800
•
4%
6
13,700
33%
36
400
21%
$5
$6
preferred
9%
•
-•
•
common
Co
Gilchrist
2,200
147/a
57
1,000
53
18%
2,600
15
Mar
20%
23%
6,900
13%
13%
13%
preferred
class A
Common
1%
•"kirbam
Mfg
Insurance Co of
North America
Machine—'
Mfg
Gray
Great
Co.—
....
—
Tea—
stock
1st
common
preferred
100
28
•
Grocery Stores Products common—25o
Gulf State Utilities $4.40 pfd
100
Great
68
40
57%
Gypsum
Lime k
Alabastine
—•
Co
Jan
3
*•
Jan
68
Apr
101 %
May
22% Feb
19% Mar
19
—
Jan
35
20%
3,500
35
—
Feb
24% May
Jun
'
14
20%
21 VB
May
Jan
22
Mar
19%
Jan
21% Mar
Mar
13
9 % May
9,000
(
__
.L
16
187/b
1,700
14%
20%
14%
shs__•
9
9
9%
2%
3
9
1,500
3
3,300
Jan
3%
Jan
2%
Feb
Jan
53% Mar
1%
34
1,000
1%
Jan
1%
Feb
500
17%
Jan
36%
Apr
%
Jan
1% Feb
1,900
1
1
1
31% May
34%
1%
1%
Jan
51%
34
23
100
31%
'31%.
23%
350
Jan
23% Mar
9%
9%
300
9%
Jan
10 "A
2%
2%
2%
300
1
Jan
4
13%
13%
23
23 %
Co.
(FL)
19
Feb
4% Mar
Jan
6% May
11'A
Jan
14% May
500
4%
Jan
*.
Jan
107%
Feb
Jan
110%
Apr
114
Feb
800
14
5%
5%
*
Jeannette Glass Co—
2,400
6%
6
Aircraft Engine Co.
Jacobs
Jacobs
104
Jersey Central Pwr & Lt 5%% pfd—100
preferred
7% preferred
Julian & Kokenge Co—
6%
110
112% 113
108
20
110
110-
100
100
•
:
7
3%
Jan
16%
6% Feb
Feb
18
May
Inc
&
Kings Co Lighting 7% pfd B
5% preferred D
Kiiby
8% May
9%
Apr
Klein
Jan
23 Va
Feb
Kleinert
30
Jan
Knott Corn common
Co
52?S
145
Jan
105
May
Kobacker Stores
Jan
107
May
Jan
Jan
4
Mar
Jan
104
52
Jan
Jan
111%
Jan
109% May
100
18
15
Jan
52% May
;
■
4%
new
2% Feb
convertible 1st
19%
53
Krueger
Brewing
preferred..
1
M
iMfc
' '
110
19%
Jan
Feb
Lackawanna
RR
Certificates
(N
J)
80,
Lamson
3% May
39
9,700
,
13
20
4% Mar
Jan
109
71 "A May
Jan
48%
39
May
113
Jan
1
Jan
Jan,
Jan
Jan
Corp of Delaware
7fr preferred
5
Clans
B
Leonard
Oil
Le Tonrneau
(R G)
Lit Brothers
22% May-
100
7% Mar
.11%
12%
300
96%
75
130% 134%
100
39.
13%
8%
8%
10%
Apr
25 % May
Line Material Co
Loblaw
Class
400
_*
Feb
'
A——
Feb
15%
Jan
Locke Steel Chain.——...
62 Va
Mar/
1%
36%
200
28%
Feb
16%
400
13%
Feb
17
900
14
Jan
27%
Feb
2%
2%
Jan
36%
Jan
16
16%
i:-.t
~4%
4%
1,500
24%
•
50
24
Feb
7V2 Jan
Mar
4
14,600
•
B
9%
7%
6% Mar
48
25
—„
Class
Apr
17
30% May
1%
8
Groceterias
109%
Jan
1%
10
—
common
Apr
1
Feb
3.400
150
5%
Jan
25
Inc
50
,
7%.
•
Development
Jan
39%
'
-
1
—
Lipton (Thos J* Inc 6% preferred
Feb
—
May
Feb
1134 Mar
25%
400
—;
5%
May
13% Mar
—
15%
*
Lefcourt Realty common—
Convertible preferred
6%
109%
2,800
■
—
1
,
Apr
8%
12%
—
8%
100
Wells Co common
51 Va
23%
38%
80% May
23
3%
Jan
23
12%
80
Jan
15 %
Lionel Corp
47
38%
Jan
57%
1.800
39%
95%
130%
58
350
3,100
13% Mar
8<A
■'
210
80%
4%
Jan
46
11%
11% Feb
21%
Feb
47
■
Jan
4%
%
48%
350
Jan
100
Jan
9
20%
7%
7,900
7
9% Mav
400
9%
4%
Jan
4»%
23
80
Langendorf United Bakeries Class A—*
230
Jan
20%
22% May
100
Jan
17%
May
.1
Lakey Foundry & Machine
Jan
%
17%
9
2,100
9
——.-1
52% May
15% Mar
17%
10%
17% Feb
Mar
80
9%
100
of deposit
Lake Shore Mines Ltd
9,500
%
Jan
14%
Apr
39%
•
200
1% May
Mar
114% May
22%
10%
U
'
15%
9%
Jan
!ij
99
9%
Lane
111
111
Jan
Apr
700
100
Co
Lane Bryant
50
7
1%
9
19% May
2,200
Feb
1,300
8
1
common
21% May
4 Va
5%
15%
May
70%
30%
34
~4%
Jan
16% May
May
70%
Jun
55% May
Jan
7%
15
18
3%
4
70
3%
1%
20
•».»
Jan
4.700
10
1,400
..
21%
X4%
77/'
20%
X20
22 VB
Jan
12%
100
15
15
—
20
Jan
52%
20
Apr
92
—
25%
Kresge Dept Stores—
2%
25
70
-1
Jan
Feb
Apr
*
*
common
84
425
70
Apr
12
19
25
3,100
1
(I B) Rubber Co
132
150
8%
22%
43%
~4%
1
1
Apr
(D EmiP
70
34%
8% May
8%
May
17% May
Jan
28% Mar
100
Products
Feb
1,000
21%
100
Petroleum
8%
300
32%
8%
—5
Co
!3
17%
32%
119
Feb
116%
32%
*
--
(Walter)
6%
800
24% May
Feb
21%
25
24%
17%
»
18%
--
24%
K
100
9%
113
xl0R% Mar
preferred—100
1,000
4,400
8%
3%
17 Va
—-.
.:
.
Jan
Jan
37 V2 Mav
16% May
19
Feb
30% Apr
*■7
4%
Feb
,24% May
;Mar
—*
Jan
103%
Feb
Jun
140
Feb
Louisiana Power &
350
35% Mar
39
May
1,000
10% Mar
213/4
50
18%
Jan
22
12%
5,600
10%
Jan
12%
8%
—*Jl
Lone Star Gas Corp common.;
Louisiana Land &
Exploration.
5,100
x8% May
Jan
Feb
Feb
Mar
May
14% Feb
100
86
130%
7%
Jan
110%
Jan
8
Feb
10
Lynch
Corp
Light $6 pfd
common
*10
•
110
I
37%
112
Feb
32
100
11%
Jan
40
M
114% Mar
9%
12%
1
Feb
Feb
Manat.i Sugar optional
warrants-
Mangel Stores
common
convertible
preferred
Manischewit;z (The B) Co
Mapes Consolidated Mfg Co——
Lamp
Feb
—
shares
•
International Products
10
International Safety Razor B
•
International Utilities Corp com
:15
$3.50 preferred
1
50
Interstate Home Equipment
1
Interstate Power $7 preferred.
•
Investors Royalty
_1
Iron Fireman Mfg voting trust ctfs...*
Irving Air Chute
1
Italian Superpower A
•
$5
Hall
Feb
3
Mar
85
--
33%
35
series.*—*——50
International Metal Industries A
International Minerals and Chemicals—
71
Mar
55 %
50
250
100% 101%
$3.50
Preferred
2Va
64
64'
64
Jan
2% Mar
?
—
Apr
115% Feb
68'
Feb
Jan
52
Mar
28%
xll3% Mar
50
115
Mar
12
Jan
26%
—
7~""May
Jan
U
30
International Hydro Electric—
23
VB
52%
17 y8
Northern Paper
Greenfield Tap k Die
6 % May
Jan
--
pfd—25
1
—8
-•
Jan
■-
Atlantic k Pacific
Non-voting
7%
$5 conv
13% Mar
—
•
International Cigar
Kirtland Lake G M Co Ltd
—
-——10
common
Graham-Paige Motors
Grand Rapids Varnish
14
Jan
67
67%
100
10
preferred
Kidde
1%
—
-
———*
preferred
$3
Jan
64%
.1
1
Key Co common
Apr
3%
200
17 *A
•'
•
—
Jan
12%
—
11% May
13%
-
Gorijam Inc
6%
11%
64%
100
May
23% Jun
600
—
100
—_
"
V--
114
20
3,100
13%
xl3%
£1
Industrial Finance v t c common
88%
4,700
113% 113%
52 32
—•
—1
60
Mines
May
25% May
58 % May
13 % Mar
v,
-
13%
preferred.100
'
Jan
1,000
1
2
101% 102%
—
■■
preferred
Goldfleld Consolidated
Goodman Mfg Co
'87
18
Jan
17%
'■
6% preferred
Indiana Service
7%
23
56%
—
-£1
———
—
Jan
1%
~3
*3%
1
•
——*
B
Class
141
—
*
—
4% Jun
Jan
2l %
22%
-•
*
101
——•
2.50
Xc Co
Gleaner
Harvester Corp
den
Alden Coal
Gobel (Adolf) Inc common
Godehaux Sugars class A
"Madding WcBean
21%
142
•
preferred
(AC)
Preferred
Gilbert
May
May
56%
—
—
Co
142
7%
8%
23
Shareholdings Corp com
Geoigia Power
6
36
17%
•
-50
—
Indianapolis P & L 5 % %
Kingston
1
•
•
>
17 Vb
Cl
preferred
Jan
Mar
3%
28
1,800
Feb
Jun
14% Mar
18
Feb
22
3% May
17
—
Jan
8% Mar
Jan
200
4%
3%
4%
•
——•
10%
6,600
5%
35
113
7% May
22
18%
22
1
9%
200
11%
~6%
1%
2
1
convertible preferred
•
Water Gas & Electric common—1
$3
Jan
40
27%
Ken-Rad Tube & Lamp A
~6
6
5%
General
May
34
27%
1
87%
preferred series A
10
General Fireprooflng common
•
Gen Jas & Elec $6 preferred B
•
general Outdoor Adv 6% pfd
100
General Public Service $6 preferred—*
General Rayon Co A stock
•
Feb
130
112%
Chemical Industries-
Kennedy's
11%
—
Electric Co Ltd—
,
Amer dep rets ord reg
General Finance Corp common
11
May
30 % Jan
100
Co
Kansas Gas ft Elec 7%
—•
General Alloys Co
Jan
124
•
Apr
■ir~
•
100
1
common
18Vi Feb
15% Feb
40% Jan
Apr
77
20
—
..-T
■
G
Qatlneau
Jan
Mar
May
7% May
6
1
—1.25
Franklin Co Distilling
.—1^
Franklin Stores —*
1
Froedtert Grain & Malt common
1
Fuller (Geo A) Co
1
$3 conv stock
*
—
•
'A% convertible preferred
—100
Jan
X26% May
600
—
(Peter) Brewing——
Fox
13% May
47%
•
•
A
Class
3%
3 Vb
11'A Apr
6,100
9,000
13%
12%
—11
ord reg——
Jan
May
27 Va May
54
May
12% May
Jan
1
♦
Registered
1
1
Falsiaff Brewing
1
Fansteel Metallurgical
e
Fed tiers Mfg Co—
—8
Federal Compress & Warehouse Co—25
Fire Association (Phila)—
10
Mar
9
24 %
37
10
32%
•
Warrants
Inst Co
Airplane
106
14
16
16
•
International Petroleum coupon
Falrchild Camera ft
Fairchtld Engine k
9%
14%
.
50
Jan
13% May
Jan
dep rets regis
Ireland
Apr
600
15
■
Am
Apr
1
14%
24%
24%
Imperial Oil (Can) coupon
*
Registered
—
*
Imperial Tobacco of Canada
—8
Imperial Tobacco of Great Britain ft
May
1%
%
15
Zinc
Imperial
Mar
15%
...
1
18
10
60
Jan
«23%
8
Dividend arrear ctfs
Illinois
1017/a Mar
70
550
105% 111
—
15
11
10
preferred
5% conv
Jun
20
'
100 Va
200
Feb
Jan
Jan
Illinois Power Co common
Feb
225
48
13%
13%
13
12%
26% May
14 %
1
Electric Securities
flygrade Food Products
Feb
49
46 %
—
14%
14%
20% Mar
Apr
47%
12
50
100
3,000
37% Mar
1%
48%
8
10c
$3 convertible preferred
1
Esquire Inc
1
Eureka Pipe Line common———50
Eversharp Inc new common—
1
Derrick &
Emsco
Equity Corp
2,850
33%
—
1
•
—•
common
8
*
r*
2d pfd A——•
warrants
Electrographlc Corp
Elgin National Watch Co
57%
48
■
—
11%
25%
May
May
91 % May
—■
B
Option
Feb
33%
—
•
Washing Machine
Economy Grocery Stores
Easy
78%
89
56%
57
Associates—
Sugar
Eastern
150
87%
—
Jan
10%
Jan
Ccp
Ligonier
Hussmann
Apr
Jan
8%
Jan
53
0
Hydro
3%
2Va
Jan
5%
Baking Co
Fibre
Hummel-Ross
Feb
5,600
48 Va
103%
Huyler's common
1st preferred
3%
2%
2%
140
30
5%
4% May
14%
53
11 Vb
2.50
Feb
9
100
Hardart common
preferred
Hubbell (Harvey) Inc
Humble Oil & Refining
Apr
200
Jan
7
Horn &
Jun
200
6%
105
Co common
(A C)
Horn
•
125
1,900
52
—
8%
36 %
9
7
Co common
Horder's Inc
Hormel (Geo A) & Co common
x68% May
950
3% May
7
Jan'
105
Consolidated G M
Feb
Mav
2% Mar
4% Mar
29 Va May
100
& Co class A
Horn
7
.■
—
—
50
56
Jan
Holophane
Apr
900
700
53
IT.——la
Chemical common
(R)
Hollinger
Feb
4Vs
—
Hoe
May
30% May
Jan
20
200
xl~9%
——
RuDber common.
Hewitt
500
8%
8%
**"""•
preferred w w
Holt & Co common
Henry
300
8%
31%
Jan
1%
25%
5%%
20% Mar
4'A
30%
29%
—
50
common
Co
Heller
29% May
4,300
8
8'A
250
Rubinstein
Helena
34% Mar
27
4,300
2%
4'A
.
—
•
Co
Mining
Hecia
Mar
1
——IIIIfl
common—
Dept Stores
31%
2%
2%
l
High
Jan
—
1
preferred
6%
2% Mar
5%
Corp.—
Hearn
Jan
1,400
4,300
27
Hazeltine
Jan
Jan
Heyden
Driver
Duval Texas
Jan
trust
29%
—
20
ctfs
non-vot com—1
of America B
——
£1
1
1
1
•
25
*
*
•
10
*
•
1
■**
Corp
Draper
Hat Corp
9
—
10 %
27%
18%
Feb
142%. May
16
1,000
1% V,%
6% 7%
30% 32
1%
7
31%
1
1
10
10
10
—*
1
Vilbiss Co common
7%
Apr
Feb
92
Apr
21
20
6%
Detroit
Diamond
82
138
10
—
9%
9
9
Jan
5%
1,100
—
—
9%
Hammermill Paper
Hartford Electric Light
Hartiord Rayon voting
Harvard Brewing Co.
9 % May
January
Low
27%
400
53%
10
Apr
7%
-1
Gasket & Mfg.
—
preferred
Gray Iron Foundry
Detroit Mich Stove Co common
Detroit Steel Products—*
.Vueuou
De
—
...100
•
...
—
7%
—8
50
preferred—
t)6 prior
8%
common
Mlg class A
uemuson
9
6% 7%
88% 88 %
Range Since
High
Low
Par
f
High
Low
300
8%
—
1
Range Since January
High
Low
r
50c
Dejay Stores common..
Exchange
York Curb
New
Sale Price
York Curb Exchange
Nmt
4,
EXCHANGE
CURB
NEW YORK
MondayJune
CHRONICLE
FINANCIAL
Marconi Internat Marine
Communication Co
Ltd.
2%
1
3
135
..
—
,
14(4
100
Mar
33
Jan
6
Jan
135
Jan
17
1
23
Jan
104
20
;
—
3
2% Mar
900
213,4
18
.
/
38
6 3,4
Jan
May
Mar
Mar
Mar
Feb
Number 4391
Volume 161
THE COMMERCIAL & FINANCIAL
CHRONICLE
2471
NEW YORK CURB
RANGE FOR
STOCKS
York
New
Curb
Friday
Exchange
Week's
Last
Range
Shares
Low
•
Utilities Association
t
v
Harris common
McColl-Frontenac Oil Co 6%
Warrants
1,700
47/4
preferred-..-
Bumper Corp
Michigan
Steel Tube
1
414
2%
11
Co
Mid-West.
Corp
Midwest
Piping
Minnesota
Pwr &
Jan
114
42,300
4,400
414 May
Mar
10 5/4 May
2% May
Jan
814
Jan
11% May
1,100
1214
Jan
19% Mar
5,600
1514
Jan
23% May
4%
1,700
3%
Jan
15,100
35%
2%
5
Feb
11
Jan
155/4 May
Apr
16
Pacific Lighting $5
preferred
Pacific Power &
Pacific
Light 7% pfd
Service—
Public
$1.30
9%
Mar
2914 Feb
28%
Jan
67%
70%
614
214
Feb
3
"
1%
60
34
Jan
Peninsular Telephone
preferred
$2.80 series preferred
Penn Gas & Elec class
A
Utilities-
106%
90
114 %
Mfg
Co
Jan
Phillips
Apr
Feb
6% May
7014
Packing
Jan
111% May
116
Feb
24
May
Jan
18
11% Mar
Plough
Feb
10%
1,000
10
2%
100
2
70
179
Mountain
Producers—
Mountain
States
100
Murray Ohio Mfg Co
Jan
11
Apr
Feb
193
May
Pratt & Lambert
Apr
Premier Gold
714
1,300
6%
24%
131%
30
100
Feb
Prentice-Hall
Jan
9
Apr
Pressed
Feb
129
28
Apr
18
134
Jan
Inc
Metals
National Breweries
1%
Jan
23
Mar
Providence
19
May
177/a
Feb
89
Jan
92%
Apr
National
25
8%
City Lines common
National Fuel Gas_
22 5;4
5Qo
20
—*
i
National
Steel. Car
12
National
Sugar Refining
Ltd
Gil
24
Mar
3%
Feb
23% May
23% Apr
300
2114
11%
2,500
7,400
11
Jan
12%
Feb
9%
100
814
Feb
95/4
Jan
1514
1514
100
1414
Jan
16%
Feb
13%
1314
700
11
Jan
16
Jan
/
2714
2514
2714
2,300
22%
Jan
27 %
11%
1214
900
1114
Mar
1%
P/4
5
514
1,100
1,100
Apr
Jan
14%
15/4
5
May
6%
Co
38
Jan
100
107
Jan
~514
•
—
Nebraska Power 7 % preferred——_J,00
Nehi Corp 1st pfd——
--—•
108% 109
2% Mar
Jan-
48
Apr
110% May
Nestle Le Mur Co
—5
New
England Power Associates
6%
preferred
—
$2
—
•
100
New Idea Inc
New
Jersey Zinc
New Mexico
*
&
13%
400
N
N
Auction
Honduras Rosario
Feb
Jan
Jan
9% May
43
Feb
4414
73'/a
Apr
69%
73%
740
May
1514
650
64% Jan
14% Mar
78 %
15
20%
Jan
128 % 130%
400
—
6%
Y State
Electric &
Gas
Quebec
—.
Raymond Concrete Pile
7014
425
63
Jan
71% Mar
Rice
25
2114
Jan
24%
50
110%
119%
Feb
Jun
119% May
26
700
1414
Jan
26
26 Va
800
205/4
Jan
28% May
63
Mar
703/4 Mar
2%
Mar
Mar
Jan
31%
31%
300
Feb
40 3% Mar
1714
17%
300
108% 10814
50
Richmond
Jan
4%
43/4
16,700
314
89%
Jan
82
Jan
V—
100
100
275
90
90
91
60
•J3.
~7% _7%
400
15 3/4
15%
15%
3,300
2%
214
2 i7c
800
—1
24%
4%
preferred
24
414
128
*
North American Rayon class A—
prior preferred
50
North American Utility Securities
Norf-hern Central Texas Oil
Northeast Airlines ——
North Penn RR Co
*
—
Northern Indiana
Northern Natural
Pub Serv 5%
Gas
•
•
25
5.000
414
129%
175
•»*
13%
133/4
200
89%
370
163
163
Roeser & Pendleton Inc
i%
1%
Rome
Cable
Art
Corp common
Metal
Petroleum
8
Works!
Field Inc
2
—
8
Co
——10
150
100
91%
Ogden Corp
common
Ohio
Co
Brass
3/a
common-.
Ohio
Public Service
6%
7%
1st
...
125/4 Mar
13%
Jan
2%
Apr
Jan
19% Mar
1%
121
Jan
Mar
25%
Apr
514 May
136
May
35%
Jan
43 %
May
36%
Feb
43
May
54
53
Jan
56
10
314
500
114
Jan
Jan
Mar
3% May
7%
Mar
5,200
Apr
15% May
104% May
106 %
15%
Jan
110%
11% Mar
Ave
Ryerson & Haynea
Feb
Mar
35%
36%
1.400
34% May
393.4 Mar
18
18
18%
3.200
14% Mar
18 3/i May
7
31
Bt
2%
-
414
pfd—
1st preferred
$2
A
conv
Regis Paper
Natural
Gas
common-.
Oliver United Filters B
Salt
Dome
Samson
Oil
Co
714
32
2,900
•
200
6% May
26%
Jan
414
4%
2,500
43/a
Apr
22%
Jan
Schiff
Co
common
Schulte
—
$6
(D A)
2
Scullin
114
Jan
2
Feb
50
32%
Apr
42%
Feb
900
22%
Jan
29%
Feb
52
Apr
56
21%
15,000
114
2%
5,400
25%
200
28
20
17
100
24 s4
25
2,700
114
9% Mar
32%
Apr
Steel
For
footnotes
see
page
2473.
12
Feb
614 May
114 Jun
1%
109
Feb
May
Jan
15
/
May
Jan
300
17
'
Apr
22%
700
12%
Jan
1,000
23/4
Jan
714
3,100
16% May
4 V4 Feb
814 Mar
1,800
6% Mar
Feb
18%
Feb
Jan
18% Apr
24% May
19% Mar
11%
11%
200
7%
814
6,400
6%
6%
300
6% May
9
Jan
3%
3%
1,000
3% Mar
4%
Feb
Jan
3%
17%
1714
25
16%
Jnn
20V4
514
514
17,200
5%
Mar
9,200
8
3%
11
6%
2%
Mar
Apr
7
814
5%
100
7
May
5% Mar
3%
314
400
3%
Co
•
common
X36%
4%
——
12% Mar
10%
Jnn
38
1,500
1314
1
Jan
4J% May
70%
Jan
88% May
38%
500
34%
Mar
113
113
106
109%
560
13%
13%
2,100
8%
400
10
9,500
~2%
1
common
5% Mar
—..—8
$5.50 prior stock--.-——.—28
Allotment certificates—
117%
117% 117%
10
116
Jan
119 %
Mar
111%
111% 111%
20
111
Jan
115% Mar
33%
300
28
(R
B)
Safety
Inc——,
Jan
35
Apr
Jan
7
Mar
9%
Jan
10
Jan
10%
Jan
16% May
1
Control
Serrick Corp class B
Seton Leather commonDenn Mining
Shawinignn Water & Power
Sherwin-Williams
1
8
•
common
25
5%
cum
pfd
series AAA
—100
receipts
88%
Jan
10%
Jan
414 Mar
17%
"2
"*2%
8,900
Feb
14 V4
Feb
May
Psb
814 May
49
May
Jan
Jhu
1214
Jun
Jan
21%
Mar
Jan
2V»
1%
12
17
18
90
18%
19%
1,000
14%
114
900
U
Jan
4,300
114
2
90
.
39% May
113 Vs
9%
19
Jan
3% Mar
II
—
1
50
1914
Feb
Apr
8214 Mar
90
8314
—
Jan
91% May
Apr
21V4
Apr
1%
Feb
514 Mar
•
,
Deposit
12%
1
..
111% Mar
42%
5,600
Inc
May
3%
375
11%
Industries
38
4.300
..—_•
Hardware
Feb
Feb
414
"2% "*214
&
Jan
8V4
4%
87%
7%
106
Jan
10%
Feb
Feb
Feb
4%
38
—
22
Jan
7
86%
12%
.100
100
% Jan
106% May
18'/a
1114
1%
4
^214
Semler
15%
Feb
Mar
5%
•
Bros Inc
Lock
Sentry
15%
18
25
Jan
—1
Segal
Jan
15%
Jan
Jan
% Jan
22%
7/4
7%
22
Feb
Feb
26% Mar
Jun
60
May
2%
14%
%
350
1714
56
it 23%
19
3%
1,800
Seiberling Rubber common—
•
Selby Shoe Co———•
May
1
Jan
5,000
16%
3
24
5,100
%
1%
1
17%
Apr
1% Mar
1,900
6
1%
18%
18%
•
Securities Corp General-
Beeman
117%
1
Feb
1.900
19%
7%
22
714
1
common
preferred
113% May
6
% May
May
14 V4
Feb
32%
~
1
preferred—
25
Scovill Manufacturing—.* .—....25
Scranton Elec $6 pfd_
*
Scranton Spring Brook Water Service—
50
29%
89
163
Apr
10%
17%
514
Convertible
525
33
Jan
Jan
Jan
1
.——
Co
28
2714
76%
1%
106 % 10614
14
15
-
50
Convertible stock
»
Omar Inc
OvorspRo Securities
Jan
18%
17
2414
—5
Corp common
Oil
11314 115
—
17%
156
_8
United
Savoy
114%
.,15
May
1814 May
Jan
*
prel—
common
Shattuck
Oklahoma
Jan
19 Va
Jan
25%
1
.
Lawrence Corp Lid
Class
St
.100
•
110%
16% Jan
13% Mar
13 % May
Jan
17%
36%
4
B
Feb
107
Feb
Apr
Apr
8%
Jan
2
Russeks Fifth
.100
class
16%
Feb
O
Ohio Power 4%%
preferred
115
Jan
May
99%
714-
Jan
14%
May
1%
—*
1
100
14%
31
112
15%
——.20
common—
20
•
Feb
Apr
50
1%
1%
.*
300
50
.1
Feb
9%
16,500
56
20
1
$1.20 convertible preferred
Rotary Electric Steel Co
Petroleum
25
—
107%
13
1%
32%
27%
.5
...
Consolidated
Apr
120
Selected
Northrop Aircraft Inc
Novadel-Agene Corp
Apr
8% May
Mat
18%
18
•
Ryan
514
163
%
May
42
pfd—100
.—
Northern States Power class A
10,400
225
1%
90
J an
5%
14%
16%
400
14
*
Co
6% Mar
13%
5,500
—5
—1
1514 May
% Jan
Jan
111%
****.
17
——
Aeronautical
41%
3
—
73
10%
1814
1%
Radiator..
————
Ryan
54
54
600
1
Feb
42
*
—
Jan
%
107%
•
110
41%
"
—*
common
21% May
Jan
5
6%
1614 May
107% May
64%
Nipissing
B
23% Mar
70
Power common—1
1% Mar
Mar
12
ms
16%
""4%
Root
33% Mar
5
100
Electric
51
1,000
Apr
18% May
IjV Jan
ja¬
--
—1
Rights
Jan
22
Jan
85
1314
Class
Co_
.
Roosevelt
Apr
8314
13%
$6
Feb
16%
1
Stix Dry Goods
Oil Corp. warrants
Feb
30%
83%
13%
North Amer Light &
614
16%
1
Noma
Feb
37%
—
Rio Granae Valley Gas Co v t c
1
Rochester Gas & Elec 6% pfd D—100
Jun
3%
Mar
Nineteen Hundred Corp B
Mines
73/4
Jan
31
3,400
—
Richfield
x5
x
Jan
50
1834
•
common
Co
Roller Bit
2414
40
*
Jan
4%
R
Reed
1,900
5
12%
4,800
!i
107
Reliance Electric it Engineering——8
"""*
com
.
700
16 :'/4
Radlo-Keith-Orpheum option warranti.
Railway St Light Securities
Voting common
—.10
Railway & Utility Investment A
1
Rath Packing Co. common
10
Royalite Oil Co Ltd
Class B optional warrants
Niagara Share Corp class B
Niles-Bement-Pond
Apr
Jan
13
Feb
1.900
Y Water Service 6% pfd—
100
Niagara Hudson Power common
10
5%
1st preferred
-—100
5% 2d preferred
100
17%
17% Mar
Jan
3%
Ifower Co.
Feb
3%
N
142% May
614 Apr
Jan
1,800
1%
86%
100
7%
66'/a
$5.10 pfd.lOO
Jan
6%
common.
preferred
10%
3%
—1
Jan
4
Q
Quaker Oats
Jan
—10
shares
117
200
—
10
Jan
65%
.
414
16 %
•
Red Bank Oil
25%
—
414
13%
5
7%
3%
10
Jan
x8%
•
common
14% Mar
12
Merchandise———
Shipbuilding Corp—
9% May
373/4
1,000
.
IP/4 Mar
*
&
y
7% Jan
25a% Apr
914
16%
Jan
—*
Y
Y
900
914
...10
6
66%
common
32% Mar
6%
—
200
City Omnibus warrants
Founders
N
Co
Y
N
N
Y
Jari
414
—
Pyrene Manufacturing
Ronson
N
30
Apr
100
925
1
Land
New Prpcess Co common
8%
25%
—
May
13% Feb
314
11%
714
25
—>
Arizona
26
—
May
18
7,100
—100
1st preferred
PUget Sound Power St Light—
Common
69%
—•
common
40
Jan
Jan
4%
11%
7
118
"
1,800
•
7 %
24%
24%
119
Jan
11%
4
14
7%
7
*
England Tel & Tel-—..
New Haven Clock Co
35
4
13%
6
~
100
preferred
New
13%
——
•
Jun
Jan
%
May
9
•
—
class A
Feb
Apr
4
——
(Herman) Corp
Neptune Meter class A
9%
30%
13%
i3 convertible preferred*
Raytheon Manuf icturing common—50o
—
Nelson
4%
70%
178%
6,600
Apr
11%
1
30c
Feb
Mar
Jan
5
Xl7% Mar
•
Radio
2%
Feb
16%
934
1314
Feb
Mar
Jan
414
1
Gas
Pyle-NaMonal Co
Jan
7T4
Jan
151%
5
May
39% Mar
20% May
1514 Jan
12
20 %
8%
28%
275
35
12.50
National Transit-
Navarro
%
2314
•
National Tunnel & Mines common
Union
Jan
3314 May
39% Mar
National Mfg & Stores common———*
National Refining common—;
1
National Rubber Machinery
*
National
Jan
214
•
common
1914
100
32
1%
preferred—...
Puget Sound Pulp & Timber
200
3114
9
1%
$5 prior
11,200
42 3/4 Mar
SI3/*
57
1.200
_•
-
Public Service of Colorado—
3% 1st preferred
3
32
414
.
Jan
22
1734
•
-
Jan
common
preferred
National Candy Co
Jan
11
130%
America
of Nevada
Prosperity Co class B
13 74
2%
40
1
common
of
10
21%
150
16%
•
550
3
1,050
40
1
700
—
70%
1614
1
Co
Producers Corp
May
69%
176% 1783i
—
Mining—
214
17%
21%
Mar
5% Jan
3
70
178%
37
Apr
42
15%
1
112
37
22
16%
•
113% Mar
Jan
10
15%
common
Jan
107%
%
...!
1614
.
Jan
109%
18
Jan
N
Corp
Bellas Hess
National
1%
480
_!~7~.50
-
Nachman
1.000
17%
Jan
—
214
11314
214
112
17%
1%
—
51% May
25
151a
—
Mar
•
18% Mar
■
100
47
2%
10
•
preferred
100
5
38%
20%
51%
Alexander
&
50
20%
81
Power Corp of Canada
7
•
Mar
50
2%
Muskegon Piston Ring
Muskogee Co common
78
"4% 1%
129
131%
25
"5%
2,100
1%
80%
40
29
113
I—50
common
2
42
Feb
Mar
50
....25o
Powdrell
May
22
51
Jan,
914
2% Mar
Feb
Inc
42
__
•
common
Jun
Va
10%
-10
Power
May
4% May
1014 Jun
50
18% Jan
44%
25,900
■»
Pneumatic Scale commonPolaris Miuing Co
13
Apr
9 3/4 Feb
"714
•
""
Pittsburgh St Lake Erie
Pittsburgh Metallurgical
Pittsburgh Plate Glass
Pleasant Valley Wine Co—
Apr
3,300
Apr
May
13%
41%
•
Pitts Bess & L E RR
Jan
24 Va
104
8% Jan
8% Jan
3314 Jan
614
Jun
3
'
Mountain States Tel & Tel
I
—"
Pierce Governor
common
Pioneer Gold Mines Ltd
Feb
51%
1
Piper Aircraft Corp com
Pitney-Bowes Postage Meter
9%
1%
Mar
Jun
8014
pfd—HH25
Co
2,500
..
1,100
•
9,600
•
1
Jan
109
113% May
8% May
41%
•
——I
4 %
5o
May
Jan
"714
•
-IIH60
10%
190% 191
20%
—IIII2I5G
Pepperell
17%
•
19,500
19%
•
Penn Power &
Light $7 preferred—*
$6 preferred
»
Penn Traffic Co
Penn Water & Power Co
*"
' •
Jan
13
10
Ward A_
Montreal Light Heat & Power
Moody Investors partic pfd
Mountain City Copper common
13%
— -
pfdl*
com—I
9%
2%
llVa
\
—
4%
10
110
97
1
15%
1014
105
50
x22% Jan
12%
"25
Co $5 series
414
—
270
41%
A
Pennsylvania Edison
1014
1
37%
7
-
Pennroad Corp common-.
1
10
4214
Jan
111% 112%
•
common.
Philadelphia Co common
Phila Electric Power
$%
Mar
3%
Mar
40
100
11%
Jan
314
1,250
114% 115
24
106
Jan
36
10
III
-
19% May
Apr
38
700
1
1
common
High
1,600
«
fax-amount Motors Corp
Jan
3/a
Jan
27
10,200.
11114 111%
16
8%
500
3,700
*
22%
41
37%
105
100
—
preferred
Page-Hersey Tubes common
i
III*
Pantepeo Oil of Venezuela Am shs
I
Feb
39
__
3%
40%
36%
105
1st
Pharis Tire & Rubber,
Mar
575
—
314
5%
2.50
Low
14% Jan
41
37 %
•
—
700
3
9
114%
Range Since January 1
High
_
26
34%
pfd— .100
Montgomery
6%
3
814
Xl47/a Xl514
pfd— .100
preferred
Dakota
Feb
17 7 a
5%
Monroe Loan Society A
Montana
50
23 %
70%
Inc—
Pictures
conv
Jan
'
& Mfg
Mojud Hosiery Co
Molybdenum Corp
5 % Mar
•••.
3%
Low
•
Parker Pen Co
5/4
—
Missouri Public Service common™
%
400
—
III
Shares
25
—
Parkersburg Rig & Reel
Patchogue Plymouth Mills
Feb
4
e
6%
75/8
•
—
Mississippi River Power
5 %
1,800
97/a
2 5/4
914
for Week
1.25
1st pfd
_
Supply
Light 71o
Jan
common—
preferred
Jan
110
Jan
1st
$1.40
414
•
17
"go
Mining
Jan
3%
5%%
Feb
125/4
-10
Minnesota
100
514
Co
Perfect Circle Co
Co
&
25
2,600
1114
-
34%
Mining Corp of Canada
Monogram
5
17% Mar
20
4 %
•
Refineries
Mid-West
Apr
1%
2054
5
common
Abrasive
Oil
314
$2 conv preferred™*
common
Midwest
500
1014
%
••
:—1
Midland §feel Products—
$2 non-cum dividend shares
Midtale
414
914
1
v t c
Oil Corp
Feb
Jun
414
9 3.5
10
West
Midland
6
120
45
Middle States Petroleum class A v tc.l
Middle
Jan
Jan
Jan
3%
•
Mipromatic Hone Corp
B
414
Jun
1314
4%
2.50
Preferred
Feb
91
15
Michigan Sugar Co
18
167
700
104% 1041a
~4%
1
Mar
Jan
Jan
12 5/4
3,500
414
100
39
Can
Pacific Gas & Elec 6%
Apr
144
350
Pacific
Mar
16 la
25o
Michigan
Class
5
95
10
3,400
130
120
15
4 %
Textile Corp
16%
167
112
15^
—————
Participating
13%
163
120
*
Sales
Range
of Prices
Par
11% May
Mar
7% Mar
365/a Mar
*
A preferred
e'/afo
7% Mar
95
•
Scott
Week's
Last
Bale Price
1% Mar
1,400
,__8
Messabi Iron Co
Metal
Jan
9%
16
&
1
11 Va
167
Chapman
700
9%
•
Friday
Exchange
Mar
1%
10 Va
•
Curb
11% Mar
*
Memphis Natural Gas common
Mercantile Stores common...
29
Jan
9%
Mead Johnson & Co
York
High
Apr
814
10%
*
McWilliams Dredging
Merntt
21
200
pfd—100
Corp common
$2.50 preferred
McCord
Low
100
9%
1%
•
Massey
24
9%
1
o
New
Range Since January 1
High
24
•
X
STOCKS
for Week
of Prices
Par
Mass
JUNE
Sales
Sale Price
Margay Oil Corp
Marion Steam Shovel
EXCHANGE
WEEK ENDING
10%
4
16%
334
16%
113
4
4,200
3%
Jan
Jnn
May
6% May
11% Mar
5
Jan
16%
900
153/4
Apr
16%
114%
200
102%
Jan
121%
Apr
Apr
10514
Apr
112%
Jan
115
Apr
111% Mar
&
THE COMMERCIAL
2472
NEW YORK CURB
EXCHANGE
JUNE 1
WEEK ENDING
FOR
RANGE
STOCKS
STOCKS
Sales
Week's
Friday
•
Last
Range
Shares
20%
si
100
Manufacturing common
common
South Penn Oil
Southwest Pa Pipe Line
Southern California Edison—
5% original preferred
6% preferred B
South Coast Corp
10
4%
Inc
Standard Brewing Co
Standard Cap & Seal common
3%
8% Mar
Waco
4
Jan
5% May
Wagner Bakina voting trust ctfs
42%
27
50
45%
31%
Inc
B)
(Hugo)
Machinery—
Sullivan
Co
Drue
Rav
Sun
Superior Portland Cement-r
$3.30 "A" part
34%
Jan
Texas
West
Va
Coal
Coke
&
Maryland Ry 7%
Western
Jan
Western Tablet & Stationery com
10%
Feb
Westmoreland
Coal
147/o
Jan
Westmoreland
Inc.—
x51%
Apr
63% May
6%
1,900
5
Jan
30
5
Apr
7
t8
1%
100
25
26%
4,300
1,150
27%
Weyenberg
Williams
Williams
Feb
34
Jan
110
U
%
hi
Mar
23%
Mar
20% May
%
■
15.
A
A
Jan
% May
Jan
3A May
1,600
2,400
11%
Jan
%
Jan
200
2%
Jan
2,600
3%
Jan
400
Vk
%
3%
i7,T
3%
~5 %
5%
5%
21
20
21
250
12
12%
500
10%
13%
5%
5%
7%
14%
6 Va
7%
18% May
Jan
15
13%
15
3,950
12
Jan
15
Jun
31
31
200
23 3/4
Jan
31
Apr
24%
24%
300
19%
Jan
25% Mar'
common
•
18'%
16%
18 %
C)
(R
&
II
9'
Mar
Feb
Jan
50% May
20
Feb
Jan
12 %
10% Mar
38
27%
Technicolor Inc
Texas
Oil
Wisconsin
Powei
Wolverine
Portland
Apr
pfd—
Shovel
Co
1,000
23
4,200
-
35%
■
35%
11%
1
1
20%
11%
1,200
6%
12%
19 %
Feb
Feb
14%
Feb
200
15% Mar
21
Jan
15% Mar
7%
&
American
Cement
7%
6%
100
"5%
"5%
200
10%
10%
200
10 Va
10%
deposit
500
11%
10%
—2
1
Jan
6
5
Jan
8% Mar '
11
"4%
t
Jan
3
Jun
~6%
Feb
10% Mav
12%
Interest
Exchange
Curb
or Friday's
Bid & Asked
Last
Period
York
Sale Price
Low
High
Gas & Electric
American
May
4% May
—1950
3%s
s
f
debs
1960
s
f
deos
1S70
debs———
Amer
Pow
&
deb
Lt
6s
;
Elec
106% 106%
5
106%
108
109% 109%
12
107%
110%
107 Va 108
17
105%
108
102
5
100
102%
4
108%
111%
123
127
$127 Va 129
99
99%
A-0
92%
99%
40'
40%
18
29
41%
39%
99%
J-3
M-S
40%
285
29
42
29%
42
120
Co—
4%s
deb
108
109% 110
1953
deb
36% May
Tobacco
Product
4%S—
39%
J-3
———1949
1950
F-A
39%
39%
41%
90
A Debenture
1968
A-0
40%
40%
41%
42
29
40%
5
29
103% 104
2
99
106% 107
17
AConv
5s
5%s
deb
Assoc T & T deb
Atlantic
Bell
1st
M
series
5s
Jan
12% May
7%
A-pr
12% Jan
Bethlehem
Jan
65% Mar
Boston
Jan
rets ord
Amer
dep
Amer
12% Mar
Todd
regis—-„_r.
Shipyards Corp
Edisorf 6% preferred
7%
"l% ~1%
1% May
111
May
1%
1%
1,400
1%
Jan
4%
4%
5,200
4
Jan
50%
49%
53%
4.200
1%
Transwestern Oil Co
warrants
Tri-Continental
Inc
13A
1%
3,000
35%
Jan
10%
-
10%
14%
14'%
12%
200
14%
Feb
;% 1% May
5%
Feb
59 % May
2
Apr
12
Apr
7«A Jan
1,000
11
116%
■
Apr
12
1
...
May
Jan
I
——
Tung-Sol Lamp Works
80c convertible preferred
112
Mar
4%
Corp
83 % May
71% Jun
107%
preferred
Mining of Nevada
Truna
690
_
Tonopah
Trans Lux
,83%
13% May
1% Mar
200
81%
V 82
—.
Toledo
5s
series
Mar
8%
8
8%
C%s
3 %
.3%
4%
4%
6s
series
Gas
Union
7
7
-
Products
1
Aircraft
United
Chemicals
10%
10%
10%
$5
United Milk
$3
10%
11%
_—
rets ord
dep
United
'
Feb
Profit
9%
Jan
3 %s
series
1969
Lt
"•>•
Gas
(Bait
1958
F-A
M-S
8%
.25c
_
common.
—
1%
2
2
—
-25
9
77%
12% Jan
Gatineau
26
General
Apr
Pub
110
3%s
Serv
West
Great
Nor
Mountain
%
-
Power
Guantanamo
18
r" 40
Apr
'
6s
series
...
1
—5
common
6%
Illinois
285
2%
11%
81
May
1st
50
14% May
A 7s
8 Va Mar
.11% May
A 7s
4,700
May
Apr
13 Va
300
Rubber
United
Universal
Class
Oil
475
I—1
8%
8%
9
2%
2%
2%
300
2
2
2%
4%
6%
6,000
Apr
20%
Jan
I Va
Jan
2%
Feb
Jan
91%
Feb
83
5,100
5
-
1,600
4%
Jan
1%
r
Jan
]?c Jan
9% May
2%
Feb
•
15%
•
5%
16
15
700
6
4.400
Jan
5%
Feb
24 Va
Apr
4 V4
lien
A6V2S
12%
Jah
P
Altallan
16% May
common
1
•
26
Jan
30 Va May
Midland
3
Mar
3% May
see
28
page
28'A
4,100
"3%
14,000
M-S
J-J
M-N
J-D
3%s
1
1941
coup)..
(Aug
1941
76%
67
77
104%
106
—
104%
105
102%
104% 104%
$103%
103Vs 103%
104
102 Va
104%
102%
105%
103%
104%
107
109
104
1952
1941
Power
Lake
coupon)
50%
6s
stamped
50%
50%
$50%
55
28% v: 54
37
52%
1
31
37
'
.
52
53%
55
31
J-J
I~~
isrj,
J-J
1965
Af-S
35
97
100%
85
85%
I
54
99% 100%
100%
86
19
71
89 Va
IS1!
"iO
12
106
107%
104
105
120
112
"
.»
106%
106% 106%
37
61
1966
J-D
$104
105%
2022
M-S
$118
120
1969
J-J
$110% 111%
110
1979
J-J
$107
108 %
105%
$106% 108%
106%
107%
106'A
102
104%
64
76'A
"i960
A-0
194a
F-A
1993
A-O
Valley RR—
to
10
53
J-J
J-J
Power 3%s_
4%
50%
$50 %
_IIIIl952
Superior Dist Pow 3%s
at
50 %
30
52
F-A
1957
6s
Corp 6s
$50%
1952
5s
Superpowei
Extended
$106% 108%
coupon)— 1957
F
(July
1955
—.1957
Kentucky Utilities 4s
Co
"3%
106 %
104%
92
—
103% 104
A-O
Kansas Gas & Electric 6s
Kansas Power & Light
3%sI_II
McCord
3%
105 Va
$75%
A-O
1953
L
E
Kansas Electric
28 % May
Hncar-,-^,
107%
$106% 108
,1970
45
107%
$101
F-A
102%
104
J-J
1963
101%
45
J-D
1957
106%
104%
J-D
1950
Jersey Cent Pow & Lt 3%s
Jan
Products
89
103%
$104% 106%
F-A
1949
C
(Dec
Debenture
20 Va
Universal
107% 107%
•
Feb
Pictures
1
$35
J-J ^
Jan 1949
5s
k
series
Interstate
Feb
Universal
102 % 102'A
102%
60
Co—
series
6%
4% Mar
103
107%
124 %
101%
77
105% 106%
105%
1958
ref 5s
&
A7s
23%
-
104
124'/a
$89
A-O
Jan
series
Feb
5%
25
1963
5%s series B
A6%8
21%
;
41
106 V« 106%
J-J
2% May
18% Mar
y;r;
101% 101%
$127%%-"-
M-S
1953
6s
A
ser
Sexvice
10
;
Insurance
footnotes
88%
-10
Cooler class A
B
Universal
For
87%
—2
common
Consolidated
Utah-Iunno
-
l500
...
Reclaiming
Wallpaper, Inc
Universal
88
600
—•
,S Radiator common
S
1%
1%
105%
jlnternational Power Sec—
Feb
15
3%
West
Indianapolis
Mar
11%
103 Va
J-D
..1950
Feb
9
14%
stpd
Jan
44
10%
32
1950
;
B
ref
Indiana
110
11
5s
Pow
&
Power
&
Apr
200
14%
k
Feb
89% Mar
12%"
Apr
123
105 %
1948
A
Grocery Store Prod 6s
May
120%
1953
ser
4s
Green
46
■12%
1969
5s
Rayon Co 6s
Jan
74%
•
United Stores
1956
;2030
—1956
A
Feb
Jan
105%
124%
105
"
Bank—
Mtge
Apr
Jan
110
109%
1961
Power
Trunk
950
78%
76
45
1
U. S and International Securities.
,
$5 1st preferred with warrants.
If
A
5s
stamped
A
1% Mar
1,200
-10
RR
12% May
Feb
106%
Feb
71
A7s
class B
ser
Light 5s._
Residential
106 Va
106%
106 %
5s
104%
103%
101%
F-A
Eastern Gas & Fuel 4s
&
106 Va
6
104
104
105
&
105%
105%
103%
$123
A-O
Lt
103%
104
3
City)—
1954
Power
28
106% 106%
104
J-J
mtge 4%s
Water
f5
103
106
$106% 108
J-D
—1970
Q
ser
J-D
1969
P
ser
2%s
24 Va
Jart
275
"
-28
Graphite
'
:
101%
(Bait)—
1971
mtge 3s
Apr
86
10
88
.100
Preferred
S
V
Pr
N
ref
1st
United Specialties common-
0:3 Foil Co
&
105%
87%
68
103%
2
102
104% 104%
.
,
181
$103% 105
—*
105% 105%
5s
El
Gas
ref mtge
7 % May
V
A-O
Debenture
Consol
Jan
14% Mar
6%
Sharing
preferred
,
i
Machinery
A-O
Jan
Jan
20
regis
Shoe
102
J-D
87
104
Finland
Apr
V 8#
105%
Feb
Jan
38 "
88
United NJ RR & Canal—
W10 fe
.1952
126
73,% ' P76%,
.
86%
104
Elmira
3/64
''
18,400
17%
preferred
83%
75%
^
105
1st
Molasses Co Ltd—
"s^Ainer
UliMed
—7
83%
59
!
■
M-S
Electric
Apr
2,000
Products
participating
United
M-S
A-O
Hygrade Food 6s
United Light & Railways
58%
F-A
A General
900
*
11
33
1938
Grand
10
75%. ,76%
1950
Feb
22
I""-'
common
105%
76
1966
Jan
95 Va
Corp
M-S
.—1927
.
5s
112'/a
102%
J-3
1955
1st
Stores.
Unitea uorp warrants
UriUed Elastic Corp.——.
Gas
,
110%
15
5s
5%
9% Mar
preferred
United
;
113%
103% 104%
5s
4"'
7%
1,600
common....
rigar-Whelan
ctfs
Ry 5%S A
14% May
/
United
175
$111
deb
8% May
7
—
200
.100
United
121
170
Debenture
Conv
Jan
61
1
'
Yds of Omaha
113%
119%
180
104
3-D
'
Investment Co
Union Stk
111%
U70
A-0
1
1948
B
Service
Cities
2%
900
Canada
of
Uniton
1970
1954
Rys 5s
Cincinnati St
5% Max*
700
4%
1
42
108%
119% 119%
Q-F
1962
2%s
A5%s
IAChicago
4'A Mar
3,700
3%
..10
Manufacturing Co.
106%
42%
108%
111% 113%
111%
Jlf-N
1998
Continental Gas & El 5s
.10c
—
Corp—,
Realization
__
J-D
1.960
12% May
U
Ulen
1957
6s
Edison
Gen
Unexcelled
B
C
Steel
Consolidated
Ddylite Corp
M-S
.1964
jACentral States Electric 5s
dep recs def rrg
103%
M-S
6% May
3%
1,600
Security Trust Co Ltd—
Tobacco
40%
F-A
■
1955
City Eiec 3%s_
9%
~5% ~6%
6
1977.
5%s A
Telephone of Canada—
900
;
61
IH«
Exports
104
102
1948
Elec
&
High
101%
J-J
2024
4%S
Gas
1
J-D
1961
..1970
Paper 6s
Elec Pow 3%s
Appalachian Pow deb 6s.
Associated
Low
106%
J-J
2016
Writing
Appalachian
January I
No.
102% 102%
M-S
i
s
Range Since
Sold
102%
J-J
3%s
2%s
Bonds
Co.—
J-J
Bickford's Inc
&
Feb
15
Week's Range
Friday
BONDS
New
~V1,300
12
•
Stocks
Allied
Tobacco
Feb
6%
Jan
12,000
4 i'.r
8% Mar
13
Jan
10Vs May
.88
receipts
Jan
5% Jan
6,000
6%
-10
-
Hargreaves Ltd
Wright
6%
pfd- iioo
7%
Light
Petroleum.
Woolworth (F W) Ltd-
Jan
21% May
Jan
26
250
May
9%
Jaix
36%
Jan
119
Jan
13,200
V 8%
8
8%
8%
May
25 %
Jan
116
20
21%
8%
-
■
•'■■■.'V-
119
21%
...a
common
fijo Rooftng Inc
Tishman Realty & Construction-
32
20% Mar
'
1
Textron Inc
Thew
31%
21%
119
2
Land Co
&
31%
Feb
7%
Jan
27%
I100
May
May
6%
_♦
WoocUey
lAssociated
Jan
21%
Light 7%
k
Power
Texon
5%
31%
common
Apr
12
AConv deb 5s
300
G
5%
-
Mar
150
Xl4
Xl4
16%
16%
1
AConv
1
Jan
30 %
150
19
Heating
Inc
AConv
Taggart Corp common——
Tampa Electric Co common
May
11%
Jan
250
38
35%
Feb
113
135
170
Co
Oll-O-Matic
Amer
Apr
14%
1,825
Oil Corp
'
45
525
3 % May
Jan
1%
100
50%
Jan
£
Jun
14
49%
6%
Jan
111
40
Feb
Feb
3%
50
4%
700
2,900
II
II
Feb
17%
2%
5%
Jan
13%
Woodall Industries Inc
Feb
Jan
17%
2%
May
23%
Feb
16
4% May
575
Feb
35
Jun
Apr
10,600
18%
7
4
Jan
29
1
10
Corp
Products
Willson
54 % May
600
"7%
Jan
May
13%
Apr
11%
700
Mar
3
18
800
5% May
21
15
13%
17
800
3,200
3% Mar
65
53% Mar
13%
x9%
8V2 May
14% May
Mar
111
Jan
%
16% Mar '
12%
Jan
Jan
Mar
16% May
Jan
61
Feb
129
Jan
105
100
122
120
May
112
Mar
4,600
M
15%
5%
Jan
Xl09
575
15%
%
Jan
Jan
3%
5
10
112% 113
9%
9%
140.% 150
150
•
20
.—10
Mfg
Shoe
River Oil
Wichita
Feb
1%
Mar
18%
1,200
4,200
110%
110
Feb
Feb
26% May
Jen
17
33%
•
Feb
6%
4% May
200
32
112%
preierred
$0
Utility
11
4%
400
20%
3%
35
5%
1.28
•
5
1st pfd__10C
Wentworth Manufacturing
West
Jan
8%
•
"B"
Class
.
Swan Finch
May
134 Va
21
•
8
•
——•
1
(S) & Co common
8
Mills
Knitting
Wayne
Mar
20
400
3%
9%
4%
300
18 %
12%
19%
7%
.14%
3%
700
4%
Jun
20%
200
19%
14%
*
500
1%
Jan
11% Mar
preierred
Bond claas A.——._—.——*
9%
%
12%
107
&
Winnipeg Elec common B
1
:—1
Corp
Hnnnes
Stroock
7%
Waitt
13%
58%
32%
1
25%
Apr
May
14%
ext..'
100
-9%
4%
Apr
82 %
3,200
96
W
9%
5
6%
Jan
10%
14%
13%
14%
Co
Aircraft
13%
50
2C
1
Co common—
(J
95
Jan
1
Products
Sterling Brewers Inc
Jan
2% May
Jan
•
Sterling Aluminum
31
Jan
81%
Steel Co of Canada—
preferred
May
Jan
1%
30
95
5%
Jan
10
31% May
134%
-10
1st prcierred
Feb
Feb
46
29% Mar
1
flteip (A) & Co common
Sterchi Bros Stores common—
49'A
Jan
30%
1,100
6
3
54
Apr
32
Jan
May
41%
1,200
58
Feb
10
10
10%
9% Mar
Jan
200
9
„Mar
3% Mar
2,100
5%
80
80
*
Manufacturing
73A
300
95
Jan
15% May
"2% ~2%
—
1%
7%
Petroleum
Venezuelan
Jan
47
31%
Standard Oil (Ohio)— 5% pfd
100
Standard Power & Light—
1
Cpmmoii class B———————
Preferred
:
*
Standard Products Co.
1
Standard S'lver Lead
J
Standard Tube class B
—
1
Starrett (The) Corp voting trust ctfs„ 1
Stetson
Apr
113
Class B
*2%
100
Jan
5%
5%
—8
1
Jan
27
45%
10%
92
1
PtleT-tr Corp common
$4 convertiole preferred.
Jan
1,300
5%
-20
convertible preferred—
Standard Oil (Ky)
——
Sterling
Jun
7'A
27
-1
10
$1.60
2d
6
23A
10%
5
46%
47
2.78
Standard Dredging Corp common
8
Jan-
Jan
6,400
3%
7%
78
.7%
May
500
2%
5%
—-
preferred
bv«
Feb
High
Jan
800
iU°
1
2,300
9
8
———*
Stahl-Meyer
5 '.'o
6%
318
Jan
110
5,500
15%
14%
X83A
3 %
'
.Convertible
112
8%
-28
25
5 Va % preferred series C
25
Southern Colorado Power class A—28
7 %
preferred -111
—
100
Southern New England Telephone__100
Southern
Phosphate Co..
.——10
■.Southern Pipe LInei-»»——10
Southland Rovaltv Co—_
"
Spalding (A G) & Bros pfd—50
Shoe Corp—
200
14%
1
1
1
-1
28
10
Soss
opehCfci
6
Low
65 Va
'
3%
3 Va
Utility Equities common
$5.50 priority stock
Vogt
Corp
Sonotone
Apr
R°dio Products
Utah
9%
9%
Range Since January 1
500
Mar
36
Jan
3
6
6
——1
Aircraft Co
Manufacturing Co
16% May
267% Mar
80
112
100
Manufacturing Co Ltd—
Amer dep rets ord regis
Sioux City Gas & Elec 7%
pfd
Smith (Howard) Paper Mills
Solar
12% Mar
3,400
311-318
315
Singer
Solar
21% Feb
20% Apr
4,300
3%
Apr
32
Manufacturing Co
Singer
16%
3%
common
Pattern
Simplicity
14%
15%
Silex Co
common—
^
Simmons-Boardman Publications—
$3 convertible preferred
Jan
29%
Ltd
Breweries
Sick's
High
75%
9% %
75
75%
•
preferred
Light $7
Utah Power &
*
Sherwin-Williams of Canada
Sale Price
Low
High
Low
High
Low
v../'Par
Shares
-
1
Range Since January
Sales
for Week
of Prices
•
Last
for Week
ot Prices
«;
Week's
Range
j Friday
>
Curb Exchange
York
New
Sale Price
Exchange
Curb
York
New
•
Monday, June 4, 1945
CHRONICLE
FINANCIAL
_.
—$103% 104%
75%
76
116%
2473.
1
Number 4391
Volume 161
THE COMMERCIAL & FINANCIAL
CHRONICLE
2473
NEW YORK CURB EXCHANGE
RANGE
BONDS
York
New
Curb
■
Exchange
Friday
Interest
Last
Period
Sale Price
or
1967
101%
1981
J-D
3022
M-S
106% 106%
—
Amsterdam Gas 5s
Gas Si El Assn 5s
108%
$115% 119
3'As
Elec & Gas 3%s
Y
N
Westchester Ltg
&
90%
1964
4s
2004
North Continental Utility Corp—
A5'/as series A (8% redeemed) _1948
Ohio
1st
Power
1st
Oklahoma Power &
Pacific
Power
&
Water 5s
A-O
F-A
1948
J-J
1977
3'As
1970
Elec
101%
103%
8
102%
105
103
92%
3
•Hi—
105% 106
107
2
110
110%
3
$104
103 V
dibs
1954
Electric
Penn
conv
Traction
f
s
5s
I960
j-d
I AYora
Rys
AStamped
109
Co
5s
stpd
5s
Gas
Power
5'As
Transit
Coke
&
stamped
--
$71
.
'
80
106
M-N
10
6%
63
;
F-A
/A
—
107
17
106
108
JW-S
106%
5%s
series
Harbor
108%
108
110%
5
110% 110%
16
107% 107%
4
108
—
109%
109
San
Joaquin
109
New
ASchulte
Real
101% 101%
2
101%
102%
JH-S
105%
105 Va
6
101%
106 %
J-D
J-D
106%
105%
106% 107%
7
106
34
103
106%
Danish
York
156
—
156%
18
151
158%
Curb
Pwr
6s
3
Wyoming Coal
Southern
California
J-D
1947
1965
3'As
Gas
1970
$101%
Rys
4s
Gas
6s
6s
Friday
gold
Stinnes
105
105
1
M-N
103%
103
103%
21
A-0
103%
103% 103%
19
May
1948
A-O
103 Va
103 %
103%
1951
&
(Hugo)
or
Friday's
Bonds
Range Since
Sold
January 1
No.
Interest
Low
F-A
103%
1966
J-D
99%
99
99V2
$108'%
104
30
30
28%
32
89%
89%
76
90%
86
80
90
M-N
F-A
$83
J-J
$31
35
19
37
$19%
20
16%
20%'
$47
48
38%
42%
$35%
39
35
*36
45
45
Plan
to
2%s
A
2008
J-D
M-N
$48
A-G
$48
1931
J-D
105%
Mortgage Bank of Denmark 5s
1972
J-D
100%
AParana
1958
M-S
107%
109%
A7s
105
89%
7s
(State)
100
103 %
A Rio
96%
104%
ARussiau
4
96%
104%
31
96%
1
96%
104%
96%
103%
48%
22 '■■■
84%
75
86
__
38%
46%
22
84
$47%
J
104%
96%
84%
,
46%
22
$17%
104'%
103% 103%
103%
103% 103%
19
103 %
103'% 103%
15
71%
J-J
1927)
1927)
(issue of Oct.
107%
1
F-A
1946
%
M-N
1951
1947
1947
105%
103
104%
—
F-A
A-0
;
M-N
stampeu
A7s (issue of May
103% 103%
—
65%
$66
30
Mortgage Bank of Bogota—
108%
—
1957
,—1950
;
j-j
High
63
M-S
105
106%
--
1957
6s
Light
$66
j-d
1952
to
reduced
7s
Stamped pursuant to Plan A
reduced
Interest
de
71
72%
4
58
45%
1
30%
(it
2'/aS
2008
1959
pursuant to
reduced
Cash
48
-
J-J
46%
:i
*37% *4*6%;
46%
Plan A
2%
2012
J-J
1919
J-D
10%
8%
11%
715
5%
22
1921
•No par value,
t
■
M-S
6%s
J-J
10%
8%
11
311
5%
21%
to
Government
A5%s
72%
45%
—
to
6%s
Janeiro
Interest
1
A-0
Low
stamped_1958
6%s
AMeaeiim
sale,
Deferred delivery Bale,
a
$37
d Ex-Interest,
e
39
36%
Odd-lot sale,
n
37%
Under-the-rule
salt.
Ex-dlvidend.
x
tFrlday's bid and asked prices:
A Bonds being traded flat.
Corp—
no
sales being transacted during
current week.
§Reported in receivership.
of
deposit
Industries—
(Hugo)
a
1958
(Peru)
7s
Stamped
debentures
Corp ine 5s
V ACertificates
Stinnes
J-J
107% 107%
Dec
Power
101%
Bid & Asked
AMortgage Bank of Chile 6s___
107%
A7-43 3d stamped
;
5
MS
6s
AStarrett
33
108% 108 %
2022
6s
Standard
106% 106%
--
F-A
stamped
Debenture
*
105
99%
__
Waterways—
6%s stamped
City
100%
Electric—
&
'f
Week's Range
Last
Sale Price
1953
Stamped pursuant
92
96
105
F-A
5s—•
Debenture
6s
$105
__
1970
8s
(stamped)
Conv
127
90
4
May 1948
(A G)
Standard
126
1989
I.
&
P
Spalding
127
1951
Southwestern Gas & Elec 3 Vis
Southwestern
105%;
653;:
100Va
1955
AMaranho
(Calif)—
1971
Indiana
ALlma
109
100% 100%
--
A-0
107
106%
$91
__
M-S
104%
21
$126
J-J '
3s
2
108 %
108
__
A-0
6s
Gas
105% 105%
__
MS
1951
1st mtge 3s
Southern
J-D
—1951
Edison
California
A-0
1952
6s
Sheridan
Counties
119
101
$101
Interest
5s
AExternal
1952
Scullin Steel lnc mtge 3s__
Southern
117%
118%
j-d
Exchange
5%s
Extended
Danzig Port &
1979
.
Southern
110
104 % 104%
j-d
Agricultural Mortgage Bank (Col)—
A
20-year
7s
April 1946
A 20-year 7s
Jan 1947
Bogota (see Mortgage Bank of)
ACauca Valley 7s
1948
109
105% 105'A
M-N
4'/2s
Estate
109%
105%
High
Jersey—
A
Lt &
$117
1947
BONDS
110%
106%
101%
.—1949
New
53'%
108
6
109
108
J-J
certificates
Water
140
110%
107
Foreign Governments & Municipalities
107
108
■
__
F-A
108
$106
Queens Borough Gas & Electric—
Safe
65%
61%
106
70
$106
__
J-J
1964
perpetual
116%
105
1959
mtge 3'/as
of
112%
115%
102%
103%
1950
Sinking fund deb 4s
Service
111%
Co—
extended
Pi
t
107
107%
101%
103% 104%
M-N
1972
Corp (Can) 4%s B
Public Service Co of Colorado—
1st
,'t
7
106%:
103
"
„
J-D
1962
6s
Power
Public
*/.
3
$109
106
Period
Portland
•
1021J
1937
5s
1U8%
111
'-V
13
65%
j-d
A-O
1959
debentures-
?
103 %
$115% 116
m-s
1964
2030
5s
106
110
111% 111%
F-A
income
i
106
103
M-N
Water Power 3'/as
*
'
Western-Newspaper Union—
109%
106
105%
$101% 105%
107
1952
6s
121
j-d
2022
Penn
107%
j-j
Co—
A
West
96%
107%
'
5
4s
a-o
A 5s
High
103%
1968
J
a-o
Wash
January I
Low
j-j
1959
West
109%
101%
—
97
N
Power
1st lien 81 cons 5'As
series
103 &
1949
3%s
&
Range Since
Sold
No.
116%
103 :i*2
Waldori-Astoria Hotel—
107
$106% 107%
__'
105%
F-A
1979
Rapid
18
JEdison
Electric
6s
Bonds
Low
2022
Utah Power & Light Co—
Debenture 6s series A
108
108% 108%
'■
F-A
1964
5s
Philadelphia
$95%
A-0
Pennsylvania Water & Power 3'As_1964
Philadelphia
95%
107%
Friday's
m-n
United Lt & Rys (Delaware) 5%s_1953
United Light & Railways (Maine) —
95%
88
$106% 109%
$103
104%
or
Bid & Asked
1956
A
series
Light
)
"
1955
5s
1st mtge 3s
Central Lt & Pwr 4%s
-1st
88%
104%
Week's Range
Last
■
Light
Park Lexington
Penn
13
77
—
Interest
Light 5s
United
110%
91%
110
104
J-J
1962
4s
109'%
&
United
95%
102% 103
--
6s
Power
Toledo
115%
88
104
1971
8ervlce
Texas
108
114
55
103
J-J
Friday
Exchange
High
107
106
91 %
90%
M-N
104%
-
—
5
91%
90%
$108
—
A-O
1968
3s
mtge
Public
Ohio
3'As
mtge
90%
91%
M-N
M-N
1954
•'
109% 109%
——
J-D
1948
Debenture 5%s
N Y State
91%
1950
Power
England Power Assn 5s
New
M-S
1961
5s
England
J-J
1947
1948
deb
Conv
—
.
1948
5s
New
1
$108
r~;
Curb
Period
106
Nebraska Power 4%s
6s series A_____________
York
High
$103% 104%
J-D
New Eng
Low
New
108%
J-D
New
No.
Low
106
1978
I
January 1
$106% 106%
1955
JUNE
Range Since
Sold
MS
5s
ref
&
ENDING
BONDS
Bonds
High
Milwaukee Gas Light 4%s
Minnesota P <Sz L 4%s
1st
Range
Friday's
Bid & Asked
r
■
■
FOR WEEK
Week's
Abbreviations
used
above—"cod," certificates of deposit; "cons," consolidated; "cum," oumula»
"M," mortgage; "n-v," non-voting stock; "v 10," voting trust certificate*]
warrants: "xw," without warrants.
,,rr
tive; "conv," convertible;
A7-4s 2nd stamped
1946
A-0
43
—
44
22
"w
45
27
i," when issued:
"w w," with
OTHER STOCK EXCHANGES
RANGE
FOR
WEEK
V
!"T
1
JUNE
ENDING
■yl
■
Friday
Baltimore Stock Exchange
Sale Price
mv'
Par
'
Friday
•
Week's
Last
STOCKS
Sale Price
Par
Arundel Corporation
Bait Transit Co
•
vtc
Preferred v t
c
Fidelity & Deposit Co
Fidelity & Guar Fire Corp
Finance
of
Co
21
•
Amer
A
5%
37%
5
common
Class B
Range
Shares
20%
5
Range Since January 1
High
21
5%
Low
560
1,532
16
Jan
2.75
Apr
High
21
Jun
6% May
38
481
20
Feb
164
36%
53
155
Jan
164<
38
May
46
Jan
55
t
May
5
13%
Feb
14
>
Mar
14
14
30
65
4
13% May
14
May
35
Feb
72
Apr
28%
Jan
30
Apr
5
Trust
Shares
Boston
*
10
Co
Fuel
&
Mt
&
Mills
25
29%
—100
Vernon-Woodbury
New Amsterdam
U S
pfd vtc
6%
RR
Pa
2.50
pfd
100
Casualty
100
50
2.50
100
100
28%
2
Fidelity St Guar
30
41
28'%
40%
41
140
133
10
1
Feb
87%
Feb
2.75 May
26
Mar
Apr
28% May
38
Mar
41
Jun
4%% prior preferred
indebt
of
'Certificate
..
115
5%
Baltimore Transit Co 4s—
>
5s
A
series
1975
84
$4,000
1C8%
Feb
84
20,000
70 '/a
Apr
iA85%
1975
;
115
83
88%
7,150
76
Apr
15%
16
363
54
85
~7%
Jan
16'A
MAi
41
Feb
57%
Feb
6'%
6%
32.16
22
61
16%
Feb
32.16
30.32 Mar
20
9
May
Apr
•
7%
21% May
Jan
7%
7%
1%
2
450
2%
2
High
13%
6%
490
2%
150
2 %
88 %
75
78%
Feb
3%
5
3%
Apr
105%
260
9% Mar
Jan
100
1st pfd series A
preferred B
5% preferred adjustment
1
Jun
2
Mar
100
100
100
SS
Lines lnc
88
3%
100
100
4% Mar
109
Feb
87
100'A May
Mar
85
85
71
Jan
15%
16%
170
14%
Jan
12%
12%
100
12
May
14
iJatl
34 %
34
34%
270
31%
Jan
36
(Apr
24% May
25
21% Mar
23%
24
116
16
Jan
49%
255
42%
Jan
40.05
36%
Jan
40.05 May
37%
Feb
44% May
•
General
1
Capital Corp——
General
Electric
43%
*
—.
16
44%
9
1.784
16%
355
2%
2%
500
1%
Jan
*
preferred—50
38 %
39%
351
35 %
Jan
44
45
*
V-
■
Kennecott
Boston Stock Exchange
Last
Range
Sales
for Week
Sale Price
of Prices
Shares
Friday
STOCKS—
•"
Lamson
Par
Week's
Low
Maine
5%
Range Since January 1
Low
High
High
Copper
—
Corp
(Del)
Central
RR
6%
—10Q
10%
56%
1%
1
68 %
Linotype
Mergenthaler
i
w
Jan
•
2% May
40 %
Apr
46
Jan
40
■
>
Mar
May
271
5%
Jan
11
151
41%
Jan
59% May
1 Va
200
68%
15
11
55
Associates vtc.—
i■*
.f1
56%
10%
100
common-
preferred
Util
Mass
31
.
17
13% Mar
15%
-15
Roy ale Copper-
\
1
,
1 Va
Jan
Mar
71% Mar
6,4% Apr
-
i
American
American
lOu
Sugar Refining
Tel
100
Tel
St
American
Woolen
*
Anaconda
Copper
50
__
172%
13%
46% Mar
55%
Jan
48%
40
167% 173%
11%
13%
2,689
156%
Jan
355
9%
Jan
173% May
13% Jun
35%
624
Jan
35% May
48%
Narragansett
Rac'g
Nash-Kelvinator
Assn
Blgelow-Sanford Carpet 6%
Bird
&
Boston
lnc
Son
&
-
pfd—100
———
Boston
Elevated
Boston
Herald
Boston
Si
100
Edison
Boston
25
100
Ry
Traveler
Maine
Corp
•
1
Cos
class A
7%
class
For
C
6
$9%
895
19%
127% 131
65
17
Feb
Jan
Jan
149% May
19% May
131
167
69 %
Jan
42% May
78'% Jun
180
23%
Jan
27% Mar
42 %
1,483
78%
76%. 78%
26 % 27
100
80 %
preferred™——100
—
—100
—
1st
pfd stamped——100 "
—
pfd stamped——100
—
1st
footnotes
see
Service
Tunnel & Mines
page 2480.
83%
13%
1,329
135/8
14/.8
175
i6%
i4%
115
100
2.50
Old Colony RR.
7%
Jan
15% May
414
15%
Jan
22% May
40c
35c
40c
25c
Jan
1%
Pacific
119%
.100
England Tel & Tel——
Butte Mining
54c
118
54c
1%
120
55c
1.918
49c
1%
310
109%
Jan
825
30c
Jan
72c
341
30c
Jan
5
Jan
Feb
2% Mar
100
120
May
90
Apr
15
Apr
10%
3%
Feb
May
50%
62
38Va Mar
50%
39
40%
1.373
33Va
Jan
40% May
37%
37%
30
20%
Jan
37%
Apr
25
2%
2%
275
1%
Jan
3%
Feb
12%
13%
167
10%
Jan
20
4%
Jan
•
Ry—
50%
50
RR
39%
47%
Jun
Aor
10
3%
————100
Mills
Marquette
60%
Jan
Quincy Mining Co
Jan
16%
10% Mar
17%
Apr
Stone
165
10% Mar
16
Apr
Suburban
—
Apr
50
15
690
21%
*
North
New
Pennsylvania
12%
80
15%
20 %
May
Jan
41%
27
130
115%
37
42
1st
Stamped
B
147% 147%
National
Pere
prior preferred
5%
class
127%
29
RR—
7%
8%
—
__
Albany RR
34'%
15%
20%
—1
—5
National
—
In()
—
&
Webster
Elec
lnc
Securities
•
common
•
13
•
51% May
40.05
Stores.
115
May
85% May
88% May
K'/'Vj
48%
Service
Public
National
Gillette Safety Razor Co
v
Apr'
91% May
_
15%
common.
Employers Group Assoc
Isle
>
Jun
3%
'•
Eastern
$.j.
Sln^e January
Low
19%
100
100
6%
First
Conn—
Line
Range
32.16
6%
*
Eastern Mass Street Ry common
Engineers
Coast
Shares
High
100%
15
355
Bends—
Atlantic
of Prices
Associates—
Common
6 %
Houston Oil of Texas
Maryland
O
for Week
53
1
Copper Range Co
Gas
15%
10
Service
Eastern
2
13%
•
"
Sales
Range
Low
100
RR
Hecla
&
Century
Cities
Trust
Prop
Providence
Calumet
East
54%
65
&
Mar
13%
5
Personal
Boston
•
54%
13 %
1st preferred —100
Georgia Sou & Fla
Boston
for Week
160
20
10
Sales
of Prices
Low
100
common
r
Week's
Last
STOCKS—
7
7
14
Feb
7% May
'
'
**
"
'
_____
THE
OTHER STOCK
FOR WEEK
RANGE
Monday, June
CHRONICLE
COMMERCIAL & FINANCIAL
EXCHANGES
ENDING JUNE 1
'Wf
Week's
United
Fruit
Co
Shoe Mach
United
51%
Jan
60%
63#8
May
60
66%
30
13% Jan
10
Apr
68% May
16% Mar
15%
—12%
43
115
36
Jan
43
May
35a/4
Warren
15%
42
*
System Inc
(S D)
Co
Westinghouse Electric Corp
Waldorf
80% May
59%
66%
Min common—50
U S Smelting Ref &
21% May
102% May
Apr
74%
58%
.—25
1°
common
U B Rubber
Monroe
Jan
90
78
Mfg common——
Chemical Co preferred
Modine
Mf^y
Mar
769
395
76
77
15%
1,106
100% 102%
101%
-
21%
20%
20%
6
Drug Inc
40 %
36 Vi Mar
110
40%
37
969
33% May
38
May
Common
*%*$■
--
Ward
Co
&
stock
National Standard Capital
Jan
48%
55% May
3% May
65
27%
Feb
Jan
65
May
15% Mar
32
36
50
40
2% Mar
May
41
Anr
%
250
42%
100
38%
Feb
44
18%
50
17%
Jan
19
25
25%
310
23 %
Jan
Apr
25% May
55
55%
430
43
Jan
57% Feb
15
100
12%
Jan
15%
50
6? "
40%
42%
18%
15
10||f
common—
48%
64%
Inc capital—.—5^:
North American Car com—-;
2®^ 25
Northwest
Bancorp
commoh
v&j;;
55%
Nor West Util 7%
preferred——100:^.
Corp
70
100
27%
Noblitt-Sparks Ind
Omnibus
150
3%
40
40%
National Pressure Cooker common.—
i
High
Jan
27%
common—«
January
Low
37%
54%
'3%
—
Range Since
33
400
37%
54%
——
...
Montgomery
Shares
High
Low
Par
High
LOW
for Week
tot Prices
,'jSale Price
STOCKS—
1
Range Since January
Shares
High
40%
*
United
for Week
of Prices
Low
Par
Co
Torrington
Sales
Range
Last
Sale Price
STOCKS—
Last
Week's
Friday
Sales
Range
+lf. Friday
*
4, 1945
50
\50
5,'250
33%
Jan
50
4%
Jan
Jan
Feb
Feb
v
Parker
Pen
(The)
Co
10
com
Last
Sale Price
STOCKS-
Range
of Prices
Shares
Steel Co
Corp
Admirai
new_
common
5
Advanced Alum Castings—
i
Co common—
Armour &
Bastian-Blesslng Co common
common—
400
Jan
8%
21%
Common
2,900
1%
Jan
3% May
210
7%
Jan
9% Feb
1,500
3
Jan
6% May
7%
5,900
5%
Jan
16%
100
19
19
Apr
19
Jan
17%
17%
150
16
Apr
19%
32
32%
500
26
Jan
32% May
Sinclair Oil Corp
Apr
Standard
■f
r
Club
Uten
Aluminum
Co
16%
Jan
100
48%
Jan
55
Feb
Sundstrand Machine Tool common
10% Mar
13
Feb
Swift
&
International
Texas
Corp capital
May
100
18%
42%
300
37
Mar
44
May
32
250
24
Jan
32
May
25
25%
150
23%
Jan
27%
Feb
5%
Jan
32%
Apr
37%
6%
Jan
Feb
7%
100
200
6
Feb
8
8
300
18%
19
1,000
13%
Jan
19% May
108
230
99%
Jan
108% Mar
%
Jan
82%
Jan
106
108
2%
2%
3%
2%
4
400
3%
*3%
Apr
% May
130
May
2,580
150
124% 125
8%
20%
Jan
17%
17%
23
18
23%
420
23%
400
21% Mar
20
20%
375
16
5
Common
Container
Thompson
Apr
Air L Transp
Light & Rys
Walgreen
Western
Fox
General
69 %
Corp
Motors
Gillette
Safety
common
100
93%
100
16%
Jftn
450
3%
Jan
116
May
21% May
6%
Jun
73%
78
150
31
30%
31
4,700
60%
28%
Jan
78
Jan
31'A May
Jan
12% May
20% May
30% May
7%
11
11%
900
20
20
100
29%
30%
400
17% Feb
26% Mar
34
100
26
Jan
210
104
Jan
30%
34
104% 106'A
May
Jun
34
108%
Apr
14%
14%
50
12%
Apr
15%
27%
27%
100
19
Jan
27% May
18
18
18 %
800
15
J an
18%
22%
22%
23%
600
18%
Jan
24% May
4%
4%
700
14%
13% Mar
17% May
40% Feb
17%
1,150
38%
375
—10
18%
18%
250
13%
28
29
250
Goldblatt
Inc
Bros
8
—10
7%
69
%
6%
35%
6%
900
67%
1
Jan
18% May
Jan
34%
Feb
Oil-O-Matic
Hlbb
Co G
69%
600
62
Jan
Svtencer Bartlett
Hubbell
16%
300
10%
Jan
common
400
13% Mar
12%
13%
800
55%
55%
100
9
52%
16%
57%
Woodall
Industries
common..
1,000
16
Jan
Indiana
18%
Feb
21%
11%
12
700
11%
Interstate
•
Apr
15%
16
1,150
13%
Apr
-25
57
57
80
48
Jan
Radio
Machine
Corp
capital
*
$7
27
27
100
24
Jan
27
Katz
''m *4
Drug Co common
Tube
—
&
Co
«
■
Printing
Material
Line
Co
Co.
^
■
•34
9%
•
32%
common
McCord Radiator & Mfg—
$2% cumulative preferred
common
Masonite
Corp
T
1
5
common
Field
800
30
34
common..
50
60
30%
Unlisted
com
&
Hart
Inc
6%
32%
8%
6%
—
8%
6%
16
Jan
29
Feb
Feb
12%
Jan
28% Mar
8% Mar
35
.
35
9%
Apr
Apr
Jun
9% Mar
34%
Apr
20
6%
52%
Feb
56
100
55
47%
6%
5%
11% Mar
25%
Jan
250
May
Jan
7%
100
12
»'
<■
38%
Jan
47% May
2,850
4% Mar
50
8%
7%
Jan
1,700
12
7%
Jan
6%
200
16%
250
37%
25
46%
38
200
24%
25
2,000
46%
50
10.9
46%
For footnotes
see
I
10%
10%
11
8
15
14%
15%
Bethlehem Steel Corp
page 2480.
Apr
16%
Feb
Apr
34%
Feb
1
Feb
41
41%
370
36%
Jan
41% Mar
91%
150
79
Jan
93% Mav
23%
Jan
39% May
41%
32% Mar
3812 May
100
49%
55
200
52%
x91%
* £'
5
13%
Jan
15% Mar
17
Jan
21% May
,
Jan
May
100
39
39
17%
17%
17%
1,500
14% Mar
18
Apr
68
67
68%
1,400
58%
Jan
69
May
9%
9%
300
7%
Jan
10% Mar
34%
34%
100
31% Mar
49%
50%
350
44% Mar
34% May
50% May
35%
36%
700
33% May
37% May
6%
7%
1,400
13%
13%
950
9%
£
*
13%
10%
10%
50
7%
~-
7%
700
5
39%
fe
"#34%
•
__
200
40
General
Jan
6
11% Jan
8% Mar
7%
Jan
Mar
37
8% Mar
Jan
14
10%
Jan
9%
Jan
42
Feb
Electric
—
Martin (Glen L) Co
Nash-Kelvlnator
.-Ik#':
common
(The)
Standard
Oil
96
67%
Jan
81%
Apr
5%
Jan
6V2
Jan
44%
Jun
43%
44%
200
38
Jan
10%
300
9
Mar
Studebaker Corp
May
10% Mar
Feb
500
32%
f
.
Jan
27
15%
Jan
22% May
3,200
22
Jan
29 % May
28
Jan
34
48%
21
29 %
23%
1,900
27
28
Jan
53%
17
Jan
21
12% Feb
May
34
1,700
* 19%
19%
19%
1,200
11%
11%
12%
1,300
10%
Jan
23'/a
22%
23%
1,900
19%
Jan
24
29 %
Jan
32%
*
—
III*
•
—•
common
N
of
.
t 33%
—1
common
Republic Steel Corp common
Brands
35% May
1,800
20]/t
29
capital
Incorporated
Oil Co
15% May
Jan
Jan
__
6
26%
—
Corp
Paramount Pictures Inc
Pure
Jan
76%
10
common
New York Central RR
11%
29%
100
—
5%
44%
Co.
Corp
100
1,200
15
35%
96
6
Interlake Iron
Pullman
15
34%
96
"
•
common
Curtiss-Wrlght
J
...
II
Mar
Apr
63%
..10
common
Apr
Mar
63%
100
56%
Jan
65 % May
26%
—25
—1
common
27%
600
18%
Jan
29% May
58% May
■—
—
Cincinnati Stock
Apr
60
May
9%
May
Apr
Jan
7% Mar
13% Mar
16% May
6%
100
34%
Jan
40
Jan
25
108% May
109
May
May
for Week
of Prices
Shares
Par
American
Laundry
American
Products
Participating
Machine
Low
—2U
—
Baldwin
•t
—
Churngold
Cincinnati
*
Ball
100
class
Cola
•
—
46
4% May
5
Jan
5%
40
4%
Jan
7
Mar
15%
100
10
Jan
9%
9%
500
9
Mar
12
12%
141
10
Jan
3%
219
108% 109
I
115
115
12
'12
50
83
83
Yards—III_*
Stock
—
A_.
—
Crosley
55
4%
55
Union
IIIH*
Corp
"II
Dow
Drug
Eagle-Picher
-
Kroger
■
*
"-[ft
*
guaranteed—IIIIIIIIH50
36% Feb
35%
5%
20
Cincinnati Street
Cincinnati Telephone
Cincinnati
12
—III" 5
Crank
Cincinnati Gas & Electric pfd
C N O & T P
Jan
35%
4%
3
—7
Burger Brewing
32%
1
High
Low
151/4
m^
pfd
pfd
Range Since January
High
115
12%
83
12
12
133
133
120
21
2% May
Jan
109
108
Jan
115
Feb
May
8%
Jan
14
Feb
78%
Jan
83
Mar
11% May
16
Jan
May
133
May
28% Mar
39
Feb
80
25
38%
255
8%
8%
9%
110
133
7
Apr
9% May
,17% Jun
17%
16%
17%
253
13%
Jan
43
42%
43%
250
36%
Jan
115
Feb
3% May
107%
63
37 %
115
Jan
12%
570
38%
—
15% Mar
10
53
110
Jan
44% May
115
May
Feb
18%
Sales
Range
Sale Price
8TOCKS-
Coca
6% May
13
Exchange
Week's
Last
41%
Jan
46%
Jun
Procter & Gamble
Rapid
U S
_«
common
61%
243
Preterre<1
Printing
700
8%
Apr
14%
800
10%
Jan
15% May
4% Feb
—
»
2%
Jan
—
60%
62%
454
243
243
10
26
27
35
19
19%
73
229
55% Mar
234
23%
14%
Apr
Jan
Jan
62% May
243
27
20
May
Mar
May
Jan
Unlisted-
3%
vtc
common..
14
31
35
350
com—100##
Topeka & Santa Fe Ry
4%
4,350
13%
common
38% Mav
14%
—
Miller
5% Mar
Jan
Apr
17% May
21%
50
Copper Mining
Feb
Jan
Feb
8%
17%
Apr
Jan
9%
;.
6%
26
6%
9%
109
$1 prior preferred
Minneapolis Brewing Co
Jan
26
Stocks—
American Radiator & St San
Anaconda
Little Miami
—•
Mickelberry's Food Prod com
Middle West Corp capital
3%
23%
Feb
xl9%
,
18%
550
32%
Jan
20
34
47%
...*
•
Ma rshall
650
8
8%
1
5
common
common
Liboy McNeill & Llbby common
Lincoln
27%
24%
4%
55
Util jr com pref
Kimberly-Clark common
LaSalle Ext Unlv
27
8
Kentucky
Leath
7%
23%
.
•
Lamp common A in*
&
3% Jan
300
10%
nil
.
common..
300
11
4%
4%
«
——
Kenogg owitchboard
Ken-Rad
11%
10
a
preferred
800
900
4%
37
Jan
% Mar
14%
*■-}
common
57% Mar
—5
preferred——
Power $6
Apr
52%
13% Mar
10
Steel Products common.
26 %
"Jg
•
19% Mar
700
17%
1
Indianapolis Power & Light corn-
12
260
20%
2
common.
Feb
17%
Indep Pneum Tool vtc new—.
22%
700
35
13% Feb
Jan
21%
Brick Co capital
Illinois
150
17%
Jan
Apr
17% Mar
Jan
Jan
17%
fiupp Motors common
26
Mar
16% May
16
■
1
Harvey Inc common...
15
70% May
16%
21%
...
800
Feb
8% May
torn**
cap
16%
6%
200
34%
_*
100 $
com
common
Bankshares
U S Rubber Co
Apr
15%
'
common——
Corp common
Brew
15%
650
Friday
Heileman
Apr
1,100
V
Telegraph
Standard
16
*
Goodyear Tire & Rubber common. 11-*
*
Gossard Co (H W) common
III*
Great Lakes Dr & Dk com
Harnischfcger
14%
14%
i
Radio Corp of America common.
27% May
28
Feb
5% Mar
38
17%
Jan
Apr
4
17%
A
150
Apr
6%
common— .11*
Razor
38
14%
Feb
20%
116
!
cap—
w
May
117%
5%
10
-15
General Outdoor Adv common
Feb
36%
—*
Jan
54%
115
20%
116
—5
common...
Jan
36%
34%
Williams
Apr
£
Corp
Finance
121% Mav
5%
40
14%
com—•
cap
common
Zenith
6%
(Peter) Brewing common... — -1%
General
Mar
100
200
300
6%
36%
12 %
9% Feb
Jan
20%
'II*
'lis
—
25% May
34
20%
Jan
Apr
Jan
34
Auto—
Drive
Co
Union
38% Apr
500
106
Co—
Jan
4%
14%
Westinghouse Elec Corp new
Jan
68%
68%
116
116
68%
116
Industries Inc class A— —1
Watch
18%
34
34%
27% Mar
25%
700
«
National
950
25%
25
5
1
Yates-American
38%
pfd—100
—
Feb
25
36%
Utah Radio Products common
38% May
38'A
25
Electric Household Utll Corp
Apr
16%
4%,
•
Steel
S
Jan
78
—■<
5%
22%
/6%
34%
<
common
U
35
37%
(Alf). & Cohn Inc common ..10
Four-Wheel
Carbon
United
61
38
•
Dodge Mfg Corp Common—
Doehler-Jarvis Corp ———
Elgin
common
&
Jan
300
part shares vtc A
Dixie Cup Co common
Domestio
Carbide
53%
38%
5
10
cum
Jan
18% May
25
2
25
capital
208 South La Salle Street Corp
Union
600
38
*
100
common
550
200
15
i
common
(The)
8,800
8%
60
60
% Stove cbftimon
Cudahy Packing Co 7%
Decker
R)
(J
Co
Trane
61
8%
8%
1
-•
•
*
Corp of Amer com.——20
Co
Crane
capital
7%
Co—
Consumers
f
4%
5%
20%
14%
25
capital
Indiana
of
Oil
Co
Wisconsin
25
Consolidated Biscuit common.—...1
:
Jan
May
Apr
May
7%
Commonwealth Edison commoh
.,
46%
23% Mar
22%
37%
Btandard
Atch
Lamp
88
Apr
37
1
800
42
18%
•
1
com.
Apr
33
26
T:
*
common.—.
350
6
Chrysler Corp common
Cities Service Co common
ColClnan
Dredge
11%
37
.—a.*
•V< Chip ago Towel Co conv pfd-
76%
260
37
2
52%
IIIi
preferred—
150
X33%
6% Mar:
16%
5
cap
Spiegel Inc common
:St Louis Nat Stockyards capital
21
32
•
Central States Power & Light pref—*
£ Chain Belt Co common..—
*
for 5 %
x88
120% 121%
6%
.
—
Works
Lathe
Bend
21
22%
42%
50o
c
20% Mar
16%
11%
Preferred
V t
Jan
14%
Signode Steel Strap Co pfd.
Common (new)
52%
25
for common———
16%
24
::j/°
ft
J
United
c
100
5
25
$
-
.30-
20%
11%
-10
V t
May
20
20%
5
..1
South
*
„ Chicago Corp common.
convertible preferred
_•
V> Chicago Flexible Shaft common
v
Chicago & North Western Ry—
Jan
7% May
5
Cherry Burrell Corp common—.
5
33
50c
(new)
Swift
Central S W Utll common—
69%
100
20
33
5
pfd
6%
Co
Jan
5%
1
Central Illinois Pub Serv S6 pfd
Cent 111 Secur Corp common
85
33%
5
—
10
common
Jan
Mar
17
7%
—1
common..—;
Packing
May
6%
1,500
5
—
Brothers
Butler
1G9
5
32
common—
Burd Piston Ring
Jan
7%
5
—
——
(EL)
8%
20%
Feb
158%
20
200
135
3%
5
Laughlin Inc common
Borg-Warner Corp common
—
Brach & Sons (EJ) capital.
Brown Fence & Wire class A pfd—
Co
127
7%
—5
Common
Raytheon Mfg
18%
-.10
Bruce
Apr
Jan
5
Aviation
''■'•r
19%
124
8%
—
Berghoff Brewing Corp———.
•
Feb
350
8%
Mfg Co common.
Bliss &
16%
850
9%
18
8%
Belden
Corp
Rath
3
Bendix
I
Jan
Feb
8
1
A common.
Seelig class
&
7%
10%
4014 May
Jan
700
200
Mar
15% May
127
20%
3
3
Barber Co (W H) common
Barlow
Jan
4
Athey Truss Wheel capital—
Automatic Washer common
Aviation Corp (Delaware)
(
10%
1
Mfg Co common——
Asbestos
2,150
168% 169
J
1
Equipment Corp common
14%
17%
127
100
5
Tel Co capital
American Tel &
Aro
::::ibo
Public Service pfd.
American
27% May
9%
9%
18
Allied Laboratories common-
Apr
Jan
40%
83%
107
5
*
25%
21% May
Jan
87
2
100
18% Mar
83
—
83
.
1 im¬
common
21
x21
98
39%
50 #'
100
Quaker Oats Co common
26%
13%
13%
1
-
common—.—
—
May
8% Mar
120
100
.
—
pressed Steel Car common
High
Low
26%
25
_
(The)
Co
Potter
1
Range Since January
High
Low
par
Acme
Gas Lt &
Peoples
for Week
capital
Coke capital
RR
Pennsylvania
Sales
Week's
Friday
8%
104% 105%
y.
10..-,
Elec Switch class A—
Penn
Chicago Stock Exchango
100"
7%
7%
5/*#
Peabody Coal Co class B com..—
6% preferred
•—
14%
950
12
Jan
14% May
American
12%
12%
100
10%
Jan
13%
Cities
Feb
Rolling Mill
Service
o*
?
18%
18%
19%
20
19%
20
48
15%
19
Jan
May
19% Mar
20
May
Number 4391
Volume' 161
THE
COMMERCIAL & FINANCIAL CHRONICLE
OTHER STOCK EXCHANGES
<0T
RANGE FOR WEEK ENDING
Friday
Week's
Last
Range
Low
4
General Motors
6'A
6%
505
67%
*
37%
69%
19 Va
20%
36%
22%
Jan
62
STOCKS—
Jan
6% May
Par
Mid-West
Motor
Abrasive
%
Jan
19 Vb
May
19 Va May
Park
193
28 Va
Jan
37%
Packard
common
Chemical
Motor
Car
Rickel
Exchange
Friday
of Prices
Shares
par
,
Akron Brass
Mfg
Low
50
Coach
American
for Week
&
Body
Range Slnee January 1
High
Low
18%
376
13%
Jan
3%
Feb
5%
3%
100
3% Mar
H
7,02
Jan
7*A Feb
v?.
164
23% Mar
26% Mar
16 %
910
13
3%
16% May
3% Feb
3
Ice
Fuel
&
*
Controller
Clark
50
6%
Jan
160
12%
Jan
Cliffs
7%
Feb
13% Mar
Udylite
U
S
common
Radiator
■
Bookbinding
Goodrich
(B Fi
Bros
^_1
21%
21
21%
645
18%
Jan
24'A Mar
Warner
15%
15%
20
14% Mar
15 Va Mar
Wayne
61
35
a59 Va a60%
172
52
52
9 Vb
9 Vb
16
15%
16
10'A
10%
10%
*
10%
10 %
51
51
30
30
—
class
(AG)
Medusa
B
Cement
Portland
Metropolitan Paving
National
7%
39 Va
Western
White
Drug
16
214
52
Reserve
23
Va Jan
921
4%
B—
9 %
May
Apr
5%
Jan
|
tj
3%
3%
525
2%
Jan
Mar
*:
8
8%
3,350
8%
107
41%
44%
1.027
5%
5%
700
11%
12%
Motor
Youngstown
Sheet
&
25
20 Va
Jan
;
44
%
*
21
51
16%
Jan
44
44 %
683
39% Mar
a22% a22%
325
.
Aircraft
common
1
Products
5%
2
Jan
19
19%
760
19%
20%
362
14
50
130
650
So.
a29% a30%
115
24%
Rubber
Industrial
a47% a48%
Mar
20% May
130
Apr
26'A
35
a62% a62%
Jan
39 Vb
40
•
a43% a44%
150
*
Apr
31% May
Jan
51% May
53%.Mar
Ohio
Oil
eo
h28Vb a28%
39%
Jan
May
May
49% May
21%
Jan
27%
Mar
20'A
37%
.
Jan
•
18%
18%
28
*
a22% a23%
149
19%
44
Jan
6
a66% a68%
203
58%
Jan
common
Bandini
Petroleum
Barker
Bros
Co
Corp
Barnhart-Morrow
a
a
U
Steel
S
common
17
Apr
24
Feb
69% May
York
Curb
Range
4%
29%
29%
29%
39c
39c
1
Oil
Jackson
California
Corp
5530
Cessna
Co.—.
Anr
of Prices
Shares
5%
4,990
585
30% May
52%o May
a26%
*
u32% a33
Aircraft
1
5
•
of
4%
all5%
21
1
29
15
15%
21
29
*
America
4%
all4%all7%
15%
4
2% May
4% Jun
Jan
1.75
Jan
Jan
3%
Jun
21
Jan
26% May
97
24%
Feb
26
Apr
90
28%
Jan
33%
Apr
5%
Jan
200
■4V4
Apr
230
94
Jan
360
18%
Apr
115% May
25% Jan
317
26%
Jan
29
Apr
1,520
10%
Jan
15%
Jun
'I
Douglas Aircraft Co, Inc,
Industries
Paint
&
Corp
Corp
Oil
71
Jan
80% May
27%
27%
292
27%
Jun
27%
14%
14%
14%
445
12% Mar
13% Mar
14%
15%
619
13
Jan
16 %
a68 % aG9%
382
62%
Jan
Radio
1
10
common
Motor
*
*
a69%
100
12%
Feb
650
16%
Jan
20% May
80
51%
Apr
57% Mar
368
53%
Jan
60%
75c
Apr
95c
15%
Jan
32 'A May
3%
Jan
56
56
80c
85c
28%
29%
4%
4%
9c,
—10c
i
4%
9c
a23%
15%
60c
10c
Corp
.
15%
1
Co
Aircraft
14%
1934
28%
Company
Feb
Va
1
Co
Jun
a55'A a55%
14
_1
Co
80
70% May
14% Apr
—1•
Co
Petroleum
a
19%
;
a55%
*
common
Car
j.
*
common
Development
79% a80
27%
4
& Co..——
"A"
Co
u80
50c
Corp
Television
Motors
——~—•
(new)
Products
65c
a23% a24 %
,400
1,605
300
1,000
150
2,340
330
11c
Feb
Fob
Mar
5% May
19c
Feb
13%
Jan
10%
45c
Jan
65c
19%
Jan
High
Feb
10
16
18
18
212
17%
Feb
?
18% May
Company
Mfg Co—.--————u
70
70
70
2,400
67%
Feb
75
Angeles Investment Co
Oil
—
1.85
Ltd
17c
16c
1.90
4%
17c
7%
3,575
630
12,000
660
1.45
4
8c
Jan
May
Jan
6% May
1
7
1
25
25
25
600
20
1
Inc
Aircraft
1.80
4%
1
1
Corporation
Northrop
1,622
10%
2
12%
44%
741
1,950
1 % May
17
__12%c
5%
17%
546
14
5%
600
3
Jan
Jan
.
Pacific
44% May
37% Mar
2 Vb
2
6%
2%
18
Feb
May
5% May
Oil
Oceanic
12% May
Jan
12%
43'A
12%
Petroleum
Occidental
Range Since January 1
Low
High
Corp
—
Company
Gas
32
Ele?
&
30
32
3,600
39 Va
40
752
40%
40%
36%
36%
25
common—
1st
preferred
25
preferred—.— —.—25
5%
1st preferred —————
-25
Pacific Lighting Corp common
•
5%%
]
24% Mav
May
|
j
Feb
2.00 Mar
4% May
Lj
|
Apr
|
9% Mar
]
23c
Sales
*
Machine
_
Jan
25c
3%
a 26%
Packing Corp common
Nordon
for Week
Low
*
1
17%
500
VI
High
3% Mar
585
26%
26
*
Co..
Los
Range
2%
*
com
Consolidated Steel Corp
Preferred
Lookheed
Week's
Sale Price
—
Low
250
3'A
Corporation——
Monogram Pictures common
—
Range Since January 1
1
Chica
Lane-Wells
Detroit Stock Exchange
Briggs Mfg
Brown, McLaren
Burroughs Adding
Burry Biscuit
Shares
High
—*
common
Sales
for Week
3
Menasco
1
Unlisted Issues
2,838
Mascot
Rubber
—
4%
Lincoln
Baldwin
Low
4 %
Hupp Motor Car Corp
DETROIT
STOCKS—
Listed
4%
Jade Oil
Last
|
.
BROKERAGE
4%
Hudson
Associate
Chicago Stock Exchange
Friday
Jan
FACILITIES
2
Diamond
Holly
Randolph
AND
Blue
Hancock
Telephone:
Week's
of Prices
4%
Goodyear Tire & Rubber Co com
Members
Building
V i
5%
Co., New York
Mar
Watling, Lerchen & Co.
Ford
2»A Mar
1% Mar
General
Exchange
jI
1
Consolidated
Gladding, McBean
Detroit Stock
12% May
Jan
4.000
General
New
1
Feb
2%
Farnsworth
Stock Exchange
*
Feb
]
1%
4% Mar
2%
Electrical
York
>
9'A
2%
Dresser
New
5%
I
•
',j
i t
1
Creameries
Steel
&
Sale Price
Chrysler Corporation
Republic
44% May
Mar
64
245
a48 Vb a48%
*
Rayon-
Jan
5
Berkey & Gay Furniture Co
10
New York Central RR com
37
203
Last
Byron
&
9% Mav
Angeles Stock Exchange
Friday
Broadway Dept Store Inc
Tire
Jan
1,075
Wire to Allen
STOCKS—
Feb
Bolsa
Firestone
1%
5%
Angeles Stock Exchange
Los
May
44% May
23 Va Apr
Unlisted-
Genera1 Electric common
4%
Spring Street — LOS ANGELES —TRinity 4121
27% Mar
21
20% May
18 Va Jan
130
8% May
1,020
1%
5%
<Ur*»
4
5% Mar
26% May
3% May
Jan
21
•
Tube
4
'
r
8%
*
Member Los
31% May
5% May
Jan
22%
130
r
Jan
3
May
Jan
25
6
Invest Corp pfd—100
:
1
'
•1?
100
COMPLETE INVESTMENT
May
43%
1,822
Stores.
||
3,443
ll,;'
—
Par
Weinberger
Jan
13% May
9%
FAIRMAN & CO.
Apr
3%
*
5
Feb
3%
Apr
IIV4
27%
10
Works
Iron
class
Direct Private
33% May
10'A May
*
Ohio
of
Cooler
Screw
Feo
*
Oil
||
if
% Mar
10%
3%
—
12%
Jan
Anr
Jan
27%
Bros
Standard
3%
Jan
Jan
13% Mar
28
5%
9
Jan
*
B
Patterson-Sargent
Riohman
5%
800
4%
9 Va
1
Walker & Co class B
Feb
33
370
a25% a25%.
•
class
Van ' Dorn
5%
1
Tile
Brass
30
common--*
Acme
National
Ohio
*
Brick
100
13%
3% May
■
8%
">!
1
-
common
Jan
27 Va
515
*
McKee
62%
57%
1.390
Leland Electric
5
3% May
3% Jan
May
56%
Jail
8%
65
•
61
53% Jan
259
Lainson
Jan
48
72
•
Sessions
Mar
49% Mar
55
36%
36%
a32% a33%»
•
,
57
51
a55 Vb a55%
a55 %
*
300
3%
'
—
Kelley Island Lime & Tr
&
Universal
93
61
3%
9%
....
22% May
Jan
*
Steamship
Laughlin
&
Jan
Jan
80 'A
*
common
Co
Interlake
Jones
23 Va
19%
398
*
Rubber
Cooperage class A.__
Harbauer
Jan
85
89%
*
common
Goodyear Tire &
20%
20%
88%
Electric Controller
Greif
5
20%
89%
*
Jan
13%
■
___i
com
Preferred.——2—.—5o,
5
Corp common
Commercial
a21% a21%
1
Iron preferred
2%
t
6%
13%
*
.
Cliffs
Cleveland
Jan
260
3%
'
City
2%
3%
5
5
...—1
„_
Jan
2.000
3%
10
B
1st
36%
—
a51%
Jan
29
29
Apr
40
Jan
34%
Jan
40
May
400
38%
Jan
41% May
208
25% Mar
30%
a33% a33%
66
34 Va May
a51% a51%
140
34% May
48% Jan
52%
Feb
if
-i
Jun
:
Apr
,
]
1
Consolidated
Paper
Continental
10
common
20%
20%
300
1
——
Motors
10%
11
300
18
Jan
8% -Jan
21%
12
Feb
Mar
Republic Petroleum Co common
Rice
Detroit & Cleveland Nav common—10
Detroit
Edison
Gray
Federal
Motor
Wood
General
Goebel
Truck
Industries
;
1,254
21'A
Jan
1%
800
.1%
Jan
Ball
OH
Hoskins
Mfg
Kurd
Kinsel
Masco
Screw
Car
class
B
common
17% Mar
*
*
12
12
100
9% Mar
13% May
510
7% Mar
9 % May
9
9
8
8%
4%
4%
3%
Jan
4%
Feb
6%
6%
3.871
5%
Jan
8
1%
925
1%
Jan
1%
Feb
25%
8%
6%
1.870
225
Jan
153
23%
Jan
25% May
13%
13%
550
*
168
12% | Jan
16% Jan
13% Mar
22%
28%
29%
83?
15Vb
34% May
*
7
4%
6%
7
*
1.536
Products
4%
common
common
7%
Jan
3%
Jan
5%
1%
Feb
26'A Mar
1%
1%
28%
100
Solar
Aircraft
1%
45c
3'A
3%
1%
*
15
Corp.
5%
Jan
8%
Jan
j
Apr
'i
I
200
33c
Mar
43c
422
10%
Jan
13% Mar
6% May
8%
900
a22'A
a22% u22%
254
23%
Apr
23 %
Apr
a27%
a27% a28
80
26%
Jan
27%
Feb
4c
Jan
14c
Apr
;
May
!
7%
He
—25
Corp...—
Company
6%
So
Co Ltd
Calif Edison
Bouthern
preferred class
Calif
Gas
Co
6'*
Pacific
Standard
Oil
Co
B
preferred...
Company——
Calif..—
12c
2,000
10
May
*
63%
64.
339
54
*
1
16'A
16%
938
15% Mar
15
222
11
Jan
15% May
30%
666
1%
49c
3%
2%
600
5,900
1%
32c
Jan
Jan
;
17% Mar
15
Jan
65
Oil Corp__——
Taylor
Milling
30% May
26%
Jan
-25
25
31%
31'A
840
30%
Jan
39'/a
39%
100
40
*
46%
48%
1.405
39% May
39% Jan
39
Jan
45
25
30%
30%
—•
42%
42%
1,430
-1
of
Sunray
Transamerlca
28% May
Union
&
Oil
Universal
Western
1%
2.125
12%
a6%
a6%
70
15%
15%
100
12'A
6'A
Jan
32%
Jan
May
48% May
7%
1%
55c
j •:
May
i
Jan
j
Corp
.—
*
2
Corporation
Western
Air Inc
5
15%
of
California
Consolidated
Air. Lines,
Oil
Inc
25
Co
10
1
,
16% Apr
12% May
v
28
Feb
34 % May
>
20%
Jan
25%
15
Jan
1.430
102
22
22%
2.803
20%
21%
425
15%
Jan
75
16%
Jan
6%
Jan
a25% a26
28
Mar
Mar
25% May
Feb
Mar
750
2%
Jan
3%
8,045
1%
Jan
2% May
Feb
Mining Stocks—
Alaska
Juneau
Calumet
Gold
Gold
Mines
Mining
Co
10
Company.
10c
a7%
IV2C
a7%
IV2C
80
4,000
j
10% Mar
12 Va
a39% a39%
Feb
1% May
28%
i
6%
42c
Mar
700
10
1
23
4%
400
1
common
Casting
Jan
May
1
(new)
Signal Oil & Gas Co class A
Sinclair Oil Corp..
Transcon
1
—
6
Oil
Tradine
Southern
25%
6%
42c
12
8 % Mav
22%
1
common
common
Michigan Sugar
7
Union
Sierra
Jan
1%
.3
—-1
1
Mfg
McClanahan Oil
nip
7% Mar
Jan
•
Drug
Wrhlemn
Jan
2%
Kingston Products
Kresge (S S)
5%
15%
1
__
&
800
615
10
-
Bearing
Motor
Lock
Shell
7%
7
6%
42c
•
Co
Safeway Stores Inc
16%
7
common
Corp
Aeronautical
Ryan
1
1
——
Feb
1
-
Houdaille-Hershey
Hudson
Jan
Co
2% Mar
2
—
common
&
7%
23
16%
1
Grand Valley Brewing—.
Hoover
5% May
22%
1%
common
Finance
me
1,201
22%
1%
Brewing
(iran«m -Pa
6
22%
—5
Detroit-Michigan Stove
Detroit Steel Corp common
Gar
6
_——20
common
Iron'
Oil
Ranch
Richfield
Detroit
?
;
6%
3 Vi
•
class
%
Jan
24%
2
Tube
3%
28% May
18% May
15%
1
Paper
Simplicity Pattern
High
6%
13%
5
Jan
1
(H W)
Raisin
Standard
24%
High
Feb
225
3%
6%
*
Products
Investing
Scotten-Dillon common
Sheller Mfg .—I
Sales
Range
Sale Price
iSTOCKS—
Week's
Last
2%
24%
„
River
200
6%
2%
Wolverine
Peninsular Metal
Prudential
3
28%
18%
—
•
-
Low
3
1
Rust-Proof
Parker
Range since January 1
High
28%
—
10
70% May
Parker
Cleveland Stock
Shares
3
5
Murray Corp
Jun
for Week
Low
50c
Wheel
32
37%
Sales
Range
Bale Price
High
Jan
4
266
19%
19
—
17
„
10
Brands
Low
21%
Week's
of Prices
Last
Range Since January 1
High
21V2
__
Oil
Standard
Friday
Shares
•
Columbia Gas...
I
for Week
of Prices
Par
,
City Ice & Fuel—
JUNE
Sales
Sale Price
STOCKS—
pure
2475
1 %c May
7%
Feb
3 Vic Mar
•
THE
COMMERCIAL &
Monday, June 4, 1945
CHRONICLE
FINANCIAL
2476
OTHER STOCK
FOR WEEK
RANGE
<
•
Sale Price
-
Par
.
1
1
Mng Co
Gold
Cardinal
Co
& S Mining
Chollar G
Cons
"
.
2c
4,000
2%c 3c
—
Jan
1
May
9c
.■■■_.
*
May
Feb
5c
Amer Rad &
& Tel Co
American Tel
"
/•
Mining Co
(111)
A T & S F Ry Co
Atlantic Refining Company
Aviation
Corporation
50
5
100
25
3
& Co
Oil
Barnsdall
;
Corp
a.
Bethlehem Steel Corp
Corp
Borg-Warner
(J 1)
Case
Co—
Vultee
(Del)
Crown Zellerbach Corp
Curtlss-Wright Corp
A
a42 %
167/a
-
.—
•
—
1
10%
a24%
57/a
a 1974
Company..—5
General Electric Co
•
General Foods Corp
*
Graham-Paige Motors Corp
.
1
Great Northern Ry Co pfd
•
Nickel Co of Canada
Corp
& Tel
Tel
Int'l
a5274
—
29
Feb
27% May
32Va Mar
35%
37%
183
32% Mar
39% May
27%
25%
21 Va
4774
4774
44%
44%*
25
25%
4474
24 74
United
Jan
Jan
1774
Jan
38
Apr
Jan
1674 Jun
39%
Jan
42
4874
Jan
20 Va
Feb
20 %
■
2%
1,353
174
Jan
3
174
1%
626
1%
Jan
2 Va
4474
44%
44 34
303
38 74
Jan
44 74 May
1,186
13%
Jan
17% Mar
Oil
Ohio
It
Co
American
North
2374
1074
;
__
-
1574
13%
May
Friday
Feb
275
4%
Jan
674
Jun
75
1674
Jan
17%
29 % Mar
H Feb
4,050
Jan
18
467
174
Apr
of Prices
Shares
*
4%
474
15 '/a
15 Va
50
12% Mar
25
May
Co
Blaw-Knox
700
574
Jan
6%
Jan
Columbia Gas &
140
19%
Jan
203/a
Jan
Devonian Oil
400
9%
Jan
38 Va
1374 May
4374 May
Lone
246
160
4074 Mar
42%
McKinney Mfg ...
Mountain Fuel Supply
Jan
Jan
Apr
Jan
8
<-100
574
120
50%
Jan
52%
974
Jan
10%
Feb
National
435
30
Jan
35
Jan
31
May
120
370
435
35% Mar
7%
Jan
48%
Jan
3974 Apr
9%
Apr
6174
206
12 Va
12%
266
—1
10
Pittsburgh Screw & Bolt Corp
Renner Co
774
,
27a
2,223
23%
116
774
774
100
1%
1%
6c
1174
3%
3%
130
Apr
1
Glass common.
United States
Paramount
«•
1
Pennsylvania Railroad Co...
Phelps Dodge Corp
.
50
25
Inc
•
Co
•
Oil
Pure
Radio
Corp
Roebuck
Bears,
i
-
Brands,
Standard
Oil
Standard
Oil Co- (N J)
Sturiebaker
Swift
Co—
&
Gulf
Union
Carbide
Union
Pacific
Air
United
United
Corp
Aircraft
United Corporation (Del)
U S Steel Corporation..
Bros
Warner
Pictures,
class A
Tel Co
Union
Western
—
Inc.—...
Woolworth Company
Feb
7%
Steel
265
1274
3974 40'/2
.
a28 *
Jan
28%
51%
Feb
17%
Jan
2074 Mar
876
10%
Jan
Mar
12%
Jan
a 115 74 a 122 74
Jan
108% May
al6%al674
265
13%
Jan
a45% a4674
a36%.a37%
30
34 %
Jan
17% Apr
44% Apr
68
2874
Jan
33 %
3674
6374
al3% a 13 %
365
35%
Jan
38% Mar
207
57%
Jan
62
Apr
10
1174
Jan
1374
Feb
420
1874
Jan
29% May
225
31% Mar
475
49%
100
3974 Mar
230
1774
:
a37%
•;
__
—
y
a3374
2674 27%
a3374 a34Va
53
4374
19
19
a90%.a9274
a9074
al2874 &130V4
a38%
a38% a39%
a28%
a28% a29%
»—//-,
1%.
174
>:
209
34
31
215
27 74 Mar
31% Mar
36 Va
36%
36%
221
3374 May
37% May
Jan
Jan
St., St.
136
84%
Apr
92%
117%
Jan
117%
Stock
York
Curb
York
New
Exchange
85
3374
Feb
28
Apr
32%
960
1%
Jan
59 74
Jan
CEntral
St. Louis Stock
2
Apr
1574 May
49%
44%
Jan
4974
36%
a23% a23%
435
35 %
May
50
17%
Jan
37% May
2374 May
41
Jan
45% May
for Week
of Prices
Shares
Par
Shoe
Brown
L010
•
common..
Jun
Century Electric
Coca-Cola
Columbia
Dr
Co
Bottling
Brew
Pepper
10
1
common
common
5
common
common.—IIIII*
ZZlOO
Manufacturing
Brewing
Philadelphia Stock Exchange
Last
& Tel
Tel
$5
Mfg Co common
Wheel
__' *
172%
74
Huttig S & D
1374
•
..
16%
2 2 74
522
Jan
25
Mar
1,599
157%
Jan
173 74 May
-
60
1674
Jan
22 74 May
2934
168
Jan
3074
21
147a
590
84
84%
42
16%
16%
155
1374
17%
55 Va
10 %
84
1074
Jan
May
Jan
International
Shoe
Co
common
I100
common——-,*
~e
Mar
Laclede
Gas
14% May
Laclede
Steel
——HI""
;
Landis Machine
Light
common
Piping & Spiv
Curtis
Pub Co
Prior
Delaware
Electric
common
preferred
—.
Power &
Light
__
6574
223
92%
Jan
117% Mav
12%
12%
872
9%
Jan
65 Va
6574
62
59 74
Jan
13% May
657a May
IIIIII25
common...
National
Jan
22 74
Apr
St
51
Feb
22
457a
47
1,568
352
1674
44 78 May
St
Louis
Candy
Louis
Bank
Pub
Serv
Motors
10
Gimbel Brothers
62
Jan
70 74 May
25
21%
Jan
2874 May
473
12%
Jan
15%
1,145
69%
2774
13
69 %
6774
2774
*
,
1374
1674
2,183
Second
cl
—
*
Coal & Navigation
Lehigh Val'ey RR
•
50
Lehigh
1674
1374
67a
Jan
1674
Jun
"*
IIIIIIII"""
& Light——--.-it'—.•
1
50
16
Pennroad Corp
Pennsylvania RR
Pennsylvania
For
Salt
footnotes
Mfg
see
page
2480.
1074
1174
570
7%
Jan
6%
7%
4,423
574
Jan
40
39
4074
3,487
32%
Jan
39 74
39
39 %
250
10%
7
Aluminum
Baer
&
Fuller
I~~~
common.I"
common
7%
.
Jan
25% Mar
Jan
15% May
Jan
26
May
May
95
May
15%
15%
17
13%
2374
50
23%
95
10
95
16% May
16%
16%
10
17
65
16
36%
20
34
Apr
.
1674 May
171/2
Jan
Mar
38'A Mar
20 74 May
2074
295 V
10%
Jan
18%
18%
265
14 74
Jan
20
Feb
60
60
47%
Jan
60
May
Jan
2774 May
39%
Feb
4274
50
14
Jan
16
8
Feb
11
Feb
Jan
15
May
27
41
41%
42
170
16
:»■■■''
V
9%
\V 106
1474
250
5%
300
21%
21%
100
22%
*10
22 Va
23
11%
474 May
5% May
Jan
21% May
17%
20
Jan
22
Va May
34
Mar
30%
30%
250
27%
Jan
22
22 %
184
17%
Jan
22V4 May
22%
23%
1,670
20
May
23% May
125
4
Jan
5
14%
5
11%
Jan
May
14
8
105% Mar
106% May
9
106% May
1061/4 May
71
Mar
76
76
37%
36%
37%
52
27%
Feb
13
13
13
10
101/2
Jan
13%
13%
170
111/2
Jan
17%
1174
50
13
Jan
40
41
197
35
Jan
91
91
a
-II
..10
5% Mai
15
1474
106% 106 V*
.100
—5
J"11
Mav
106 % 106%
1774
-15
Feb
4074 May
41
common
1474
-100
1174 May
Wagner Electric
3774 Mar
1
5
-100
"
preferred
Preferred
Sterling
—3
com
Scullin Steel common
Stix,
National Power
*
com
1st pfd.
Common
Feb
A
May
5%
—
25
common
Scruggs-V-B Inc
General
com
Bldg Equipt
23
9%
—
20%
46%
•
Cement
225
1474
--
—
21%'
—13%
Battery
Storage
•
„•
Missouri Portland
1137a 117%
23
v
..
11474
5
Chrysler Corp
23
16
1674 May
Midwest
May
26%
~
42%
inn
II1.20
common....
common
Jan
8
18%
18%
*
common.—IIIIIIIII*
Knapp Monarch
85
May
5
Johnson-S-S Shoe common.
Key
Mar
45
100
60
~~~~
Range Since January 1
High
10
5
8
36%
common..
Hydraulic Pressed Brick pfd
Low
May
52
16%
—
*
common
common..
Hyde Park Brewing
High
167% 1737a
2874
.13
*
Co
21
20%
•
preferred
Budd
Shares
5c
Locomotive Works v t c
(E G)
Budd
of Prices
Low
100
Autocar Company common
Baldwin
Range
Hussmann-Ligonier
Sales
for Week
•
American Stores
American
Week's
52
52
95
*
com
High
LOW
2374
—
1
common..
Brew
23
*
-
1
Range Since January
High
8
—
Friday
SL 593
Sales
Range
Sale Price
stocks—•
Apr
6874 May
1374
438
7600
Exchange
Week's
Last
Friday
Jan
231
a48
Bell Teletype
Associate
Jan
337
Phone
Exchange
Chicago Board of Trade
39% May
725
// Sale Price
2, Missouri
Louis
Louis Stock Exchange
St.
Apr
136
1574
49 %
/ •'' •' /! Par
1871
Mar
68
a46
4th
..
•
Apr
39% Mar
1574
49%
36%
J
New
Griesedieck-Western
STOCKS—
38
Jan
Feb
55
20
67%
*
North
Chicago Stock Exch.
Falstaff
,
»
Feb
34
—
__
Established
—
■'
Apr
200
3674
30%
*
com—12'/a
300
Class A
•
2%
Jan
2%
3674
3674
Edward D. Jones & Co.
Elder
i
1%
Feb
3% May
174 Jan
Apr
643
—
12
,f
Members
3634
63%
53
a4374
—
—
5
•
Mar
Jan
Jan
St. Louis Listed and Unlisted Securities
Mar
24
1974
*
8c
5c
9%
Feb
101%
__
Feb
Jan
Feb
48% Mar
10
a28
12%
'2674
9 Va
174
Apr
26
Jan
Jan
40 % May
100
Westinghouse Air Brake
Westinghouse Electric Corp
23% May
2%
r-1
*
;
...
2 % May
.
Feb
30%
574
610
10
(F W)
20%
780
12%
i
Westinghouse Elec & Mfg Co
Willys-Overland Motors, Inc
17% Mar
vtc
Common
Vanadium Alloys
Apr
a 1674
10
5
Inc
24%
a 120%
& Carbon" Corp—*
Railroad Company...100
Lines
Jan
.2374
*
10
Sulphur Co
Water Assoc Oil
Tide
19%
Jan
25
Company
Texas
Texas
Corp
11% Mar
28 % Mar
a34%
,
33
•
1
25
Inc
Webster,
&
Stone
May
Jan
3374
..
25
25
(Ind)
Co
29
9%
855
*
•
*
Inc
Standard
720
/ Jan
22
245
»
..
•
15
Co.—
61
Socony-Vacuum Oil Co
Southern
Railway Company
6%
a33
3974
;
1,04376
—
a33%
•
America
of
Republic Steel Corp
1074
240
a52 74 a53 %
" al9% al9%
—
Pullman
24 %
674.
—
Motor Car Co
Pictures, Inc
Packard
1,124
May
12% May
Jan
6Va
25
7
Jan
90c
500
1174
11%
12% May
Feb
21
200
6c
24 V* May
Feb
9%
2%
"
Jan
6
886
23%
1
6% May
174
12%
1
Toy
Jan
1074
1
——
Mining
Standard Steel Springs
San
12%
274
•
Rauiator
12%
*
10
Corp
Fireproofing
National
Jan
4
50
7
7
10% Mar
Feb
Va
525
7
May
1874
6 %
2374
9%
4
235
6 !4
23%
12 Va
10
Star Gas
Apr
200
...
4% May
15% May
20%
10%
6%
10%
Apr
Jan
13
23%
6
Electric common
*
—.10
Clark (D L) Candy.
High
3474 Mar
Jan
374
50
"
Nat Gas Co common
May
a,v;
Low
28%
160
32%
32
32
•
Steel
Ludlum
Allegheny
Range Since January 1
High
Low
Par
3474 Mar
Mar
21
STOCKS—
Arkansas
23
Apr
33%
70
for Week
31'/a May
Jan
9
700
290
..
Apr
Sales
Range
Sale Price
Apr
198
Week's
Last
al8% al8%
• / a 18'/a
Co..
1674
15%
May
Pittsburgh Stock Exchange
60% May
37
29 "
Jan
50% May
64 7a May
Jan
May
200
2874
1074
Feb
57%
.
260
8%
1074
May
42%
69
174
'
Central RR
North American Aviation, Inc.
York
New
7
75
53
May
27 Va May
42 % May
1074
1574 Jan
Mar
2%
"274
'
common
45
2174 May
Jan
39%
Corp
preferred
United Gas Improvement
49% May
Jan
200
62% :■£
6274
25
preferred
Corp
29 Va
Feb
3674
—
80% May
34%
——
Jan
4374
874
4974
$3
Feb
17 74
Oil
19%
25
368
957
-
50%
7
1
——*
——*
Corp
common
Paper
Transit Invest
Mar
30%
Dome Oil
Scott
Sun
7% May
68 %
>95
a62% a65%
a64%
•
1
10
35%
Jan
26 Va
2,000
35
29
8%
—
Jan
25
a38 74 a38%
a38%
5%
Apr •
Jun
351
1
'
Motors
Salt
874 Jan
98
98
10V*
10%
35
29/
—
—
*
Co, Inc
Montgomery Ward &
uj.
7
McNeill & Libby
Libby,
—
•
Corp
Kennecott Copper
a4434
*
•
*
Corp
Iron
Interlake
Int'l
:
35% May
141
13% 1354
a43% a44%
a47% a4774
a6% a674
a5274 a52%
—
32% May
-
60
217/a 2174
10% 10%
a33% a34,/8
a24% a25
574
6
al9% a 1974
—
__
50
245
6%
6%
al7% al774
3074 3074
1 ; 1%
—
25
*
& Share
Bond
Electric
—
Jan
230
60% 60%
a 19% a20
—
Jan
125
14% 167/a
a4274 a4374
—
6%
*
.
a42% a43 %
>
1
1
5
5
1
——1
Aircraft Corp
Continental Motors Corp
Continental Oil Co
Class
—
•
Electric Corp
Commercial Solvents Corp
Commonwealth Edison Co
Commonwealth & Southern Corp
Cons
—
*
—-—10 i
&
Gas
.
—
a793/a
25
25
Co
Caterpillar Tractor Co
Cities
Service Company
Columbia
22
;
Jan
6%
77%
1,878
a29% a2974
22 . 22 ■
a507/8 a51%
a787/a a80%
a21
a22%
a3874 a383/4
a29%
29 V*
48
253
7%
73/a
7%
5
*
Railway
-1.
Pacific
Canadian
—
5
—
Company
Borden
__
15
Co
Boeing Airplane
48% May
165% May
Apr
122
Jan
32
3574
3
preferred
2nd preferred
28 74
3174
50
50
--50
4.
common—
1st
Reo
955
a8
a8
a94. a96%
a33 . a33 1
—
5
5
*
J.
Co
Aviation
Bendix
Jan
161
Co
Reading
15% May
Feb
42%
89-
35%
347/a
—
.
Works vtc_——13
Baldwin Locomotive
•
733
V. /■;
..
Jan
12
26% May
Jan
117
4-
122
-
High
Jan
2474
536
122
122
100
2o
27%
21
2,535
2774
*
26%
-
Anaconda Copper
Armour
560
1*74
14% 14%
—
'
a49
a4974
al72% al67%al727a
♦
•
100
Stan San Corp
Smelt & Refin Co—
American
•
2574
26
■
'
Stocks—
Unlisted
Low
High
Low
Par
■:
Philadelphia Electric Co common
r SI
preference common
4.4% preferred——.
Phila Elec Pow 8% pfd.
Philco Corp
—!
May
2
2%c Jan
200
100
1.40
1.40
i
High
Low
a8c
®8c
—
;
STOCKS—
1
Range Since January
Shares
of Prices
1Low
High
1.40
25c
Ltd
Imperial Development Co
'
Range Since January l
for Week
Range
Last
STOCKS
Sales
Week's
Friday
EXCHANGES
ENDING JUNE 1
1
V
76
38
1374
May
Mav
Feb
1374 May
18% May
41
Mav
91
3un
BONDS
St Louls p«b Serv
25-yr conv inc._l964
91
$1,000
80% Feb
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4391
161:
Volume
CANADIAN
RANGE
WEEK
~~rii
MARKETS
LISTED
FOR
2477
ENDING
JUNE
1
Friday
Week's
Sales
Last
Range
for Week
Sale Price
STOCKS—
of Prices
Shares
Par
Canadian Listed and Unlisted Securities
Cockshutt
Coin
Plow
Co
Oaniatiium
293
BAY
TORONTO
STOCK
Par
Abitibi
&
Power
7%
54%
Mining
5
66
66
67'%
2,370
49
Jan
100
147
146
147
177
•
1.35
1.30
1.35
3,080
1.21
Jan
1.60 Mar
0
4
4
11
3%
Jan
4%
Ltd
Imperial
Mills
Pass
Aircraft
*
Petroleum
Mines
Gold
*
Seagrams
Anglo
Gold
Porcupine
Bank
Dominion
Coal preferred-—
Dairies
—
13 %c
14c
11,600
12c
Feb
17
17
350
14%
Jan
99
120
97
Feb
114
116
245
80
Jan
20c
18%
Jan
Mar
100
81c
8.75
9.00
5,400
76c
80c
10,000
5,450
95
Jan
117
Jan
105
May
73c
Jan
class
7.60
75c
1.13
Fast
9.55
Mar
96c
May
Apr
25c
Feb
18 %C
23c
17,900
10c
Jan
29c
May
Easy
Elder
Mar
45'%c
Apr
Eldona
50c
May
English
12c
18c
21c
6,933
52,300 »
6c
Jan
21c
Mar
16c
Jan
29c
20.550
49c
Apr
35c
Mar
Apr
Fanny
1.30
1.47
195,100
74c
Jan
1.90
Apr
Federal
Grain
3.90
3.85
3.95
4,683
Jan
4.25
Jan
Federal
3.60
1.03 May
80c
•
Oil
B
Canada
,7:
.•!
110
3%
3%
125
1.55
1.65
31,150
17
1.60
1.70
37 %
1.70
38%
28
55,229
1.10
4
May
4% May
Feb
14
Jan
3
Apr
1.52 Mar
17%
Ford
Feb
V
1.55 Mar
Pacific
Class
9.50
Feb
Jan
1.10
100
90c
40c
160,816
30c
Apr
11 Va
1.30
55c
Feb
45c
Apr
Jan
Chemical
24%
4,440
22%
Feb
26
Feb
335
1,447
240
1
—
—
*
A—•
---*
22c
640
9
May
Jan
25'A May
Apr
32
Gold
15c
18c
22,287
Preferred
78,400
155
18%
7 %c
7,200
3'Ac
Jan
10%
Jan
1.80
^ 25c
Jan
22
10c
12
255
17% Jan
24
130
10%
15%
5,025
2,900
6
6
50
11
12%
1,365
1.70
21c
Jan
Jan
Jan
6
Apr
9%
Apr
2.15
30c
6%
15
118
Feb
125
106
20
104
Feb
106%
21
10
20
Jan
37
25
37
May
33
Jan
22
45
Hallnor Mines
Feb
Apr
Harker
Jan
Apr
Feb
34'% Mar
150
12%
Apr
15
Jan
33
158%
Jan
175
Mar
14
557
Jan
14
Feb
46%
Feb
494
39%
Jan
50
70
Apr
26
10
23
Feb
95
95
10
95
May
-77% May
26
--
May
269
--
2 75
1
*
1
23. ,2c
745
14
Jan
15
13%
20,235
8
Jan
34°
l-89
Cochenour
3-90
Jan
Jan
24c
27c
Jan
85c
35c
May
40c
50c
134,000
39c
May
9c
9'Ac
10,000
4c
Jan
15c 17 %c
36,200
9c
Jan
22c
Apr
94 C
Apr
9c
75C
75c
2,000
70c
1.30
16,130
83C
Jan
3c
Jan
7c
23,100
101
101%
140
54
54%
40
10c
12c
5,200
1,500
6c.
6c
101
—
4
23
Apr
26%
26%
'
7
■
8
44c
40c
47c
11
.-1,420
18c
15c
21c
228,500
60,300
15
24%
24%
270
19% May
19'%
20
620'
Feb
20
May
Apr
13
Jail
Apr
30
Jan
Jan
52
May
11%
12%
1,990
17%
10*'
29%
30
460
27%
51%
60
19%
21
890
62
62
30
51
6%
7
475
22 %
28
2,145
1.00
1.10
10.600
23
28
527
45%
25%
19% May
22'%
49%
63
6%
16
70C
19
Jan
Jan
Mar
Jan
Jan
7'%
28
1.35
28
Feb
Mar
May
Jan
3.10
Jan
1,800
6'A
Feb
16
16
145
6%
7
790
Feb
1
50c
46c 53 %c
103,300
20c
65c
1
98c
92c
1.05
18,058
54'Ac Jan
1.23
1
80c
80c
87c
23,700
43 %c
87c
90c
90c
500
77c
1
*
6
39 %C
35c
41c
124,150
20c
Apr
65c
19'%
20
100
18
Jan
20
12%
12%
13
1,510
10'A
Jan
——
1
Paper.
Gold Mines
Apr
1
43 %C
41c
44c
12,586
34c
Jan
46c
—•
32%
32%
33%
250
30
Jan
35'A
Feb
20
May
Apr
23%
Jail
19%
25%
Jan
Gold
Howey
Hudson
Mines—:
Mining & Smelting
Bay
Ltd
Class
& Erie
Huron
21%
21%
325
*
21%
21%
20
——
Petroleum—
International
90
5
85
Mar
90
19%
B85
18'/b
Jan
19%
14 %
14%
14%
5,383
13%
Jun
15% Mar
12%
12%
12%
790
12'A
Jan
13%
Apr
Jan
Mines
M
—
Mines
Kayrand
21c
24c
14,700
4%
4'%
204
28c
34c
8.300
3.90
15,475
3.70
2.94
Jan
Jan
2.42
Mining
Kerr-Addison
—
106
37%
39
7,053
31%
Jan
22%
23%
3,435
21%
Jan
1.48
1.40
1.50
7.900
27,800
25c
1.30 May
Feb'
18c
Jan
13c
Apr
16,100
28c
Jan
52c
Apr
17,200
2,745
5'Ac
Jan
18c
Apr
3c
Jan
12%c May
115,000
70c
May
1.35 May
40c 43 %c
28,700
40c
May
24%
430
1
1
1
42c
40c
45c
14c
9c
14c
9c
8c
10c
70c
86c
43c
22
18
Apr
Jan
14%
14%
8,483
1.15
1.20
3.700
50c
1.20
1 30
19,222
30c
30c
35c
33,300
14c
Jan
& Exploration—I
4.00
4.50
34,515
2 35
Jan
—1
1.30
1.40
18,700
1.05 Mar
Jan
Kirkland
Townsite
Labrador
Mining
J
Dufault Mines Ltd
Apr
Jan
10,032
1.25
—.v.—
1.60
Jan
500
10c
1.20
—
—
May
24% Mar
3c
13c
14%
Lake
Feb
10c
13c
7%c
1
-I
1
Hudson
Apr
28 % MaV
39c
9C
24%
Jan
Apr
32c
—*
May
39
38%
Gold Mines—-———1
Kirkland
Kirkland
Lake
Apr
11%
Jan
3.95 May
Feb
103%
30c
1
—
——
Mar
Apr
21%
330
28%
31c
1.60 May
75c'
1,005
28
104% 104%
28 Vs
104%
Apr
Kelvinator Co
Apr
:_1
Quebec
1.30 May
Apr
—
—
Consolidated
2.79 May
1.40
260
11,950
84c
Mines
J
9%
Jan
9
1.35
.1
Waite
May
Jan
8%
1.20
*
1
Mines——
Gold
Jacknife
8
71c
9
1.25
22%
—
Mining
Uranium
International
Jan
1.56
Apr
Mar
90
.
—10
——
Jan
1.15
1.09
19%
100
common
Imperial
1.89
32c
3,760
A——--r--"—*
class
B
1.00
615
4.30 Mar
Apr
1.80
4,474
Apr
Mar
13% May
Apr
800
165.500
Jan
1.02 Mav
27'/ac
150
46
Jan
Apr
Apr
May
67,500
17,775
1.40
Jan
75c
1.11
1.80
3.05
Mar
66c
2.75
35
Feb
Apr
68c
70c
Joliet
1.70
Apr
Mar
—
Jason
1.30
8
19c
Jack
May
17
Apr
43c
Jellicoe
5%
Mar
Jan
18
33c
6 Va
7%
Mar
19'% May
60c
16
4.00 May
3%c
18
Jan
Apr
200
7%
25c
Feb
Mar
15c
3.65
39,900
Jan
4
Jan
9%c
38,900
Jan
25c
3c
8c
39c
16%
12'%c Jan
Apr
3.65
15'%
2.90
24c
12c 13 %c
11%
Jan
Jan
34c
50
2.60
>
5c
3.50
35
1.10
t
i
13c
54,720
2.55
*
Feb
39c
18
2.60
Apr
HVb
3.60
Jacola
18'A May
54c
•
18
Mar
■'*
Jan
15c
—
19%
16
Jan
Yellowknife
Homestead Oil & Gas—..——..—1
Hosco Gold Mines—
—1
18
100
Feb
22'Ac
<| 8%
90c
Hollmger Consolidated
Home OH—
15
18%
14%
Apr
5%c Jan
Homer
18%
18%
>;
17,170
Dauch
May
May
May
6%
—
May
Jau
7
3.65
8%c
Mar
.31,000
Oil
:
*
Imperial Tobacco of Canada ordinary_5
Inglls (John)
———.—6
Inspiration Min & Devel——.———1
International Metals common A
—•
Preferred
——-100
International Nickel Co common
•
44
694
'
Jun
Feb'.
*
12c
Imperial Bank of Canada
600
19%
"
5,500
10%
v
30
79c
50'% May
50%
19
Mai
515 '>
May
6%
30
••«"
,
Apr
10c
Hedley Mascot
Cadillac
&
26% May
50 ^
Ml
7%
23c
Jan
165
''
e
16 %C
Jan
236
29
Apr
75c
Heva
Hinde
lie
16c
5%
28
I
Mar
57
Jan
16c
:
8c
101'% Mav
Apr
53'A Mar
4 %c
May
Mar
1.36 May
90
4%
•L
14C
May
1.15
50c
Apr
11c
Mines
,
i
Mar
Jan
79c
Gold
Harricana
.
Jan
Mines—
—1
Mines——-i.———1
Gold
.
Mar
3%c
*
19% May
49%
28c
21'Ac
13% May
--
4-39
Jail
15
12%
--
18
1
1
1
*
*
i
i———
Hasaga Mines
Heath Gold Mines
95% May
14%
--
I8'4
*
Harding Carpets
Hard Rock Gold
885
46
imii
Hamilton Cottbn
Feb
Mar
11%
Jan
18,100
—■
Bridge Co
Jan
34
•77%
■>
Mines—
—
Hamilton
172
45 %
Gold
Halliwell
Feb
14%
11%
Mines Ltd
Halcrow Swayze Mines
14%
•
Gold
May
Apr
33%
13
Saddlery common—
May
Mar
105
9c
12,100
May
12% May
Feb
6.50 Mar
60c
—
West
Hunts
27/j*
*
1
21%
Jim
27c
—
j.
8'%c Jan
Apr
Feb
17
57c
!——
Gypsum Lime & Alabastine-,
26
6,s
Mines
Gnnnar
65c
100
105
Mar
May
May
,
25c
Paper vtc common-
Feb
22c
Feb
12% May
26c
preferred
Vtc
Jan
'
Feb
9.25
Apr
101%
55
16 %c
*
Lakes
Great
6.50
Apr
10%
15,700
1
78c
13
May
77c
May
5.80 May
4,200
17c
*
May
21%
58c
15
105
•
—
68c
77%
20
Gold
Grandoro
May
171
46
Bousquet
Graham
525
12%
24
97
6.90
——
15,600
235
Feb
100
16c
1
Co
Mining
5.25
--
14
Goodfish
Goodyear Tire & Rubber common
70C"'"72c
11%
Feb
21
15
105
1.20
Great
6c
Jan
29% May
30
6.80
Manitou Mines
Jan
5.10
16%
16c
'
*
Porcupine
Goldhawk
Mar
20%
15%
16c
23'%
44c
4% May
1.50
20'A
May
Jan
670
97
102'% 103%
6.80
-1
_
73 Vic
20%
37
34
14%
Mines
Eagle
Apr
39c"
Apr
57 %C
May
5.10'
Jan
24%
'
16%
*
21
I8
1
Feb
106
188
23
4
8%
23%
25
97
«...
103%
100
1
42c
120% 120'%
0
Chesterville Larder Lake Gold Mines—1
12%
^1
150
1.70
*
Chromium Mining & Smelting—
*
Citralam Malartic Mines—v-———1
Mines
5,670
;
8,000
21%
13
1
~
4,700
1
—
23
11'%
--
-1
Mines
61c
6.20
-1
,
-
43%C:r 46C
22'%
1
Wines
Gold
26'%
9
0
—
58c
5.80
Jan
32
25
—
Willans
Feb
27
25%
12%
—
Ry_—
Research
18
Feb
9
41c
*
Gold
Jan
26'%
24%
70c
—*
Wallpaper class A——.,
Gai
14%
50
25
6c
May
335
24%
21%
56c
55,200
17%
24%
—
May
52c
17
26 %
46c
46c
48c
49c
.•
common—,
—
195
May
Jan
—10
•
com
—
—:
Mines LiQ
Lake
oou s
Goldalc Mine
15%c
A—J—
Alcohol
24
3'% May
1.00 May
20
Feb
4'A
15c
42c
Gold
Glenora
Apr
54,061
4
Patricia
20
24
39'A
Jan
5'Ac Jan
96
24
6.25 May
Jan
3'A
1,749
•
May
161
1.10
—
10% May
Jan
37
2,605
20
29%
*
167
307
450
39c
-*
—
—-
Jan
167
10%
32c
—1—*
_i—
Central Porcupine Mines
Chateau
4%
1.00
28%
common—
Gillies Lake-Porcupine Gold
21c
*
Cariboo Gold Quartz Mines
Central
3%
29%
.—100
—
Wares
Giant Yellowknife Gold Mines-
36c
-*
—
Castle Trethewey
15,800
20
Mar
—
—
B
11c
10c
*
Co
Feb
9
*
Tire
Canadian
1,350
•
class A
Apr
32c
Malartic
Canadian
1,380
3%
4.30
5,986
38%
1.00
1.90 May
Jan
*
Locomotive
Canadian
6.00
38
100
40
May
*
common.—
4
*
-
—
.
Canada
of
Co
common
30
3
51
Oils
10 %c
*
Aircraft
Feb
12c
•
Canadian
1
Mining,..
5.50
38%
*
Feb
100
-
Products
Canadian
6.00
1
22'%
166
V
10%
•3'%
•
29'%
15,800
—
Dredge & Dock—
Industrial
Jan
Snops
55
3
—*
common
Canadian
8
common
5% preferred
5 %%
preferred
Feb
22c
—
Canadian
440
Gatineau Power common
3% May
2.35
3
*
common
Celanese
Jan
10
24%c Mar
37c
24%
19 4
12 %
30
Canadian Food
Jan
9
Mines
Candy
Fanner
85
"
29
10 %
166%
27'% Mar
12 %c
'20c
preferred —i———
Canadian
Nickel
Falconbridge
General Steel
'
preferred
Canadian
28
Jan
11%
20
—*
Canadian Car & Foundry common—-*
New preferred
25
1st
Jan
5
12%
*
1—*
Conv
Jan
23
15
♦
:•
Preferred
•'*r
16c
165
59c
-17
Apr
201,824
6
5.85
17
2.23
1.03
24%
•
1.60
Apr
6
•
100
100
4,600
Feb
May
1.20
24
Mines
•
Commerce
Canners
24%
Gold
15
13%
50
19
Canadian
80c
*
15% May
*
A
Exploration
preferred-——100
Bank
Breweries
Apr-
Frobisher
9
Bakeries
53c
Francoeur
Cable class A—___—*
Canadian
59,750
75c
Jan
Mortgage—1
Canadian
94 c
85c
30'%
Class B
Canadian
39
Foundation
-*
&
14'%
Jan
Jan
100
Canada Steamship Lines common
•
Preferred
—50
Wire
Apr
35%
30
1
B
Canada
Apr
11%
1,000
Mar
•
—
class
14
65
39
26'%
—1—100
Packers
Class
140
12%
15
*
;
Canada-Permanent
15%
27%
Mnies—:
——
15
39
27%
4
3.05 May
6.75 May
12%
Mar
29
Jan
Mar
*
18
—5
Extension
—.
15
2.26
38c
25
Trust-—
Apr
-
Foundry "A"_
8,700
90,391
"15%
Cycle & Motor preferred—-.100
'Class
:
2.80
6.40
175
class A
Preferred
Canada
2.65
5.30
17
Cement common—.
Canada
2.70
5.70
16%
•
•
Apr
1
1
16%
27%
Products——
Canada
21c
Preferred
28
Canada Bread common
Jan
Fleury-Bissell
—•
Calmont Oils l_1_——'
11c
Apr
Packers
Calgary & Edmonton
62,000
May
•
Oil
A—
14c 15 %c
60c
—
—
Apr
15c
22Vic
,*
class
Mar
Jan
t
Buffalo Ankerite .Gold Mines
Co.
2.50
2.40
Jan
Porcupine Mihes, Ltd—
B
Jan
Jan
13c
16c
Apr
98c
22c
10%c
4
7%
96,200
36,900
96,336
29
3,045
1.55
1.40
20,532
15c
10
1.30
1.15
17c
1
& Distillers—x__—
&
9%
1.49
1.25
57c
Brazilian Traction Light ic Pwr com—.*
Class
10
10
May
1
15c
1
Steel--
Jail
•
'50C
40c
Gold
16
51c
—*
Brantford Roofing
Canadian
17% May
Jan
15c
:
Dominion
Jan
13
1
Kirkland
-
Jan
14
—25
1.45
15c
8'%
Apr
_*
BritishiColumbia^Power
Mar
225
Life%.
Equitable
Golden
Columbia
7
3,530
—-
73,200
...—100
1
1
common..
American
5,445
16
!
class
-
90c
—1
Ltd-
8'A
95c
Electric
54c
1
■.
.i-_
m
17%
Gold
70c
*
Mines—
Mines.
8
15%
Mines
40c
Bobjo Mines Ltd——
Bonetal Gold- Mines
Burns
Mar
17% May
*
76c
Radium
—
Burlington
May
27
Feb
17%
Machine-
46c
*
——*
Mining
Gold
Hill
12
Feb
14%
16
Mines
20 Vic
Bldgood Klrkland Gold
Bunker
Apr
24%
270
•
Investment
Gold
May
—"
Building
11
900
17%
17%
Oil
Washing
Economic
42c
—
——
Clasa B
Buffalo
10
26%
17
common--*
Eastern Steel
Jan
Jan
16c
—_e
Bell Telephone of Canada
Broulaii
12
26
1
17
25
common
Sullivan
46,600
10c
26%
*
B
Jan
12
.•
1
Class A
British
12
May
30% May
Malartic Mines
27c
1
Beattie Gold Mines Ltd
British
Apr
.1
common
Exploration &
British
Feb
28'%
Co_.
East
8,400
—.
—
Brewers
12%
10
75
1
Mining
Crest
66,900
-—
Mining—
Power class A
Bralorne
11% May
29
Mines
1
Metals
Bonville
100
12
30%
11%
•
1
1
;
Barkers Bakeries
Ribbon
11%
12
28%
com
Chemical
&
Mar
25c
12c
Apr
May
100%
20 %c
-
Blue
19% May
25
————
Dominion Woollens
Dona Ida
Duquesne
40c
Mines
Mines
River
Feb
Tar
50c
]
——_—10
Bank of Nova Scotia—„———-—10
•Bank of Toronto-——
10
Berens
18
Stores
19c
20c
Montreal
Belleterre
400
Dominion
Feb
Fleet
Class B
19%
Dominion
1.25 Mar
12c
38c
Consolidated Mines
Bear
'19'%
60
—*
—
Malting
1
Bankfield
Bathurst
19'%
Mar
1,189
42c
—
Mines
Base
28%c Mar
2.30 May
2,450
15c
Mar
Jan
Steel
2.10
Mar
2.00 May
Feb
Dominion
1.90
17c
13c
25%
23% May
40c
Mines
Ltd
Bagamac
Bank of
Jan
42%
Apr
43l/ac
Quebec Mines—;
Geld
Jan
Fabrics common^.,-.-...'
23c
1
Yellowknife
Aunor
Jan
3'%c
'
50
Foundries 8c Steel
1
Aumaque Gold
1.15
15,600
2.027
Dominion
—1
—
Mines
12'%c
500
8c
Apr
59
Dominion
Feb
9.00
80c
1
Mines
Ashley Gold
Atlas
11,700
15c
1.70
Mar
2.00 May
—35
common
Preferred
Class B
Aubelle
Apr
27%
Dominion
77c
1
Armistice Gold
Astoria
60c
27
May
19%
103% 104%
•
*
1
■'
Gold Mines Ltd
Gold
7,765
Mar
1.92
42
58%
May
125
27
Feb
27
55
23%
115%
pfd._100
5%
Canadian Oil
Arjon
Jan
Feb
Apr
10
—
165
14'%c
149%
1.50 May
38%
Jan
70'% May
•
•
common—
Ltd——————
Jan
99
...
Huronian
Arntfield
23
7c
8c
Mar
Jan
17
—•
common
Anglo
Area
75
110
13c
1
16
145% Mar
14,750
2.00
Jan
1.70
l
Mines
Dominion
3% May
1.90
26
1.63
41%
1.25
1.60
100
—,
Mines
26
1.55
41%
1
Coal
East
Aquarius
*
Pershing Mines
Nest
44
1,600
100
_
of Canada
23
13 %c
•
Aluminum Co.
common
140
15c
•
_
Aluminium
High
7 %C
l
common—
Preferred
11c
1.95
l
Copper
Steel
Box
120
-
10c
23
Ajax Oil & Gas _
Alberta Pacific Consolidated--Aldermac
Smelting
(Toronto)
Dominion
Range Since January 1
2% Mar
8c
5,671
55
165
11c
Agnew-Surpass Shoe Co common
Algoma
49
159
Jan
May
1.45
'
•
Oil
&
Gas
Acme
ion
_
_
6.960
Apr
1.74
Jan
14
Dome
Low
3%
May
Feb
2.25
1.33
95
Delnite
High
2%
164
preferred
preferred
6%
Low
3%
Paper common
200
7'A
1,610
Davies
for Week
Shares
1.91
May
85c
15
Distillers
Range
1.90
77c
Apr
6% Mar
1.68
Cosmos
Sales
of Trices
150
Jan
38c
14
Denison
Last
7
43c
11,200
1.60
Croinor
Exchange
Sale Price
STOCKS—
7
May
35,246
Corrugated
Fnnds
Week's
55c
•
Cub
Friday
40c
*
Crow's
Canadian
40c
High
14
Conwest Exploration
LAKE—TIMMINS
Toronto Stock
73c
Bakeries
Consumers Gas
Cabl? Address:—"Dohroadco" Toronto
Branches:—KIRKLAND
65c
Consonuaiea
EXCHANGE
STREET, TORONTO 1, CANADA
Telephone:—Waverley 7411
70c
12% May
Consolidated
DOHERTY ROADHOUSE & CO.
THE
Mines
875
i
National
14
*
Petroleum
Coniagas Mines
MEMBERS
Low
13%
5
Commonwealth
Range Since January 1
High
13%
l
Lake
Conduits
Loio
•
Mar
1„00 Jan
46c
May
24%c May
14% Mav
1.35
Apr
1.44 May
40c
May
4.50 May
1.60
Feb
THE
COMMERCIAL &
Monday, June
CHRONICLE
FINANCIAL
4, 1945
2478
MARKETS
CANADIAN LISTED
JUNE 1
WEEK ENDING
RANGE FOR
Friday
'
,
Par
Gold Mines
Shore Mines. Ltd
LaKe
1
Cadniac Gold Mines
Lapa
Mines
Oro
Gold Mines. Ltd
Leitch
Gold
Lexinden
—
•
*
*
-1
Ltd
Groceterias class A—..
Lac Gold Mines
Little Long
Loblaw
Class "B"
Goldfields
Louvicourt
common
Preferred
Preferred
Exploration
McDougall Segurs
McWatters
1
..1
——
National Steel Car
National Trust
Mines
Negus
20%.
__
1-73
1
64c
55c
5
2.71
—*
Yellowknife
Nib
—■
Nipissing Mines
Noranda Mines
53%
1.18
Oil
Nordon
-1
Malartie Mines
Nor ben it e
-1
Mines
Canada
Northern
North Star Oil common
Preferred
Oils
Oka'ta
—
Gold Mines
Loan & Debenture
Omega
Ontario
Orange
Pandora Cadillac
Gold
Gold
1
Mines
80c
34c
20
*
1-40
125
8
1
Gold
160
Voting trust certificates
Power
Corp
Gold Mining Co
Jremler
Metals
Pressed
Mines
Dome
East
-Teston
1
1
—
2.90
Prospectors Airways
26c
6%
1
Purdy Mica
Purity Flour
Mills common
Preferred
1
ueenston Gold
Quemont Mining
Gold
(P L)
Robertson
Preferred
Royal Bank
Royalite Oil
Russell Industries
St
>an
common
Corp
Lawrence
common—
Ltd
Scythes
senator
Creek
Mining
Gold—
Gold
oerritt-Gordon
3.25
Jan
2c
Jan
25
25
13%
19%
Feb
635
12
Jan
16% Feb
348
17 %
Apr
20
12c
8,800
8c
Jan
56,050
80c
May
12
2,623
25%
1,025
10%
240
110
6,000
62%
1.60
21%
Jan
May
Gold
Silknit new
Mines
preferred—
Dairies
11,500
30c
4,500
31c.
33c
14,300
13
13%
270
21c
24c
34,600
Jan
67% Mar
New
Biscoe
Slater
South
4%%
Gold
Co
Mines
—
End
Jan
Mar
23% May
1.99
6.20
7.00
10,580.
23%
23%
50
135
230
92
Feb
135
89
150
85,
May
89
73c
77c
13,500
22%
23%
1,210
62
63
375.
24%c
26c
5,000
12%
331
28%
25
19%
20%
1,540
215
215
3
1.65
1.75
11,150
48c
70c
49,500
45c
60c
20% Mar
Jan
57
Jan
20c
1
-,v
—.—i
2.20
Ltd
20c
99c
Jan
Westerns
30
Jan
17 % Mar
21
May
Jan
215
Apr
4 Va %> preferred
Wiltsey-Coghlan Mines
Winnipeg Electric common
28
185
1.26
Jan
Jan
36
May
64
50
23c
7%
5
-•
Wright Hargreaves Mines
Apr
75c
__
19%
101
Combing
Wool
1.85 Feb
3.9c
--
1,52
1 08
———1
2.71
53%
I,000
1.15
1.25,
20,400
14
16
4,500
7c
Jan
20c
7,800
7,165
6%c
Jan
20c
Apr
13c 13/ac
63c
Feb
89c
Apr
11c
May
29c
28%
Feb
Apr
111
Feb
130
Apr
100
Jan
110
Mar.;
24 %c
Jan
Apr
24
15
—
4.60
36'/a May
54% Feb
Jan
Feb
May
2.71
Aur
jhii
54
17
1.60
48C
Apr
108
May
17 % May
19,
May
2,339
Jan
3.15
Feb
7% May
19,925
9%
Feb
36c
27,725
May
53c
,
May
27% Jan
16 Vz May
30
Apr
18
Mar
95
43
Apr
46 %
208
5
May
100
535
8c
6,715
3%
4,700
Mar
17% May
11c... Mar
Feb
2,000
4.55 4.65
73%
76
21 Va .22Va
1.45 1.52
1.07 1.15
155
155
19%
20
101 101 Va
23c 27c
6%
7%
17
17
4.45 4.65
4.60
76
common
13
Mav
12%. May
May
3.0o
100
13% 13%
16c 20c
96%c 1.05
13%
100
preferred
25 Vz
Jan
10
....
5%
•
r*
1
1
—
Western Grocers
52%
1.85 Mar
.
5"% May
Apr
2.60 Jan
12
Jan
I6V2 Mar
12c
3,020
27,300
Jan
32c
96 %c May
11,456
4.55
3,649
5.10
May
435
69
Mar
310
21
•
A)n'
1.20
27,900
Jan
1.05 Mav
6,700
Apr
1,05 May
Apr
79%
Apr
22% May
1.77 Mar
1.63
Feb
'
25
145
Jan
155
May
800
18
Jan
20
Mar
260
99
Feb
101%
Feb
8c
Jan
41c
Apr
2,500
6
Apr
8
Jan
25
16
Apr
130,000
3.30
5,747
Jan
17 V2 May
4.65 May.
65c
13,600
48c
18,400
3%c
Jan
25c
70
9%
Feb
14
Apr
35Va May
May
May
Apr
—-1
Mines
Jan
3.00 Mar
Yellorex
Feb
55% Jan
Ymir Yankee Girl
1.00 Mar
1.65 May
2.35
"York
Knitting
13Va
59c
17c
13 Va
34
35%
48c
15c
51c
17c
•
common
—
Feb
May
Apr
68c
17c
70c
21c
46,000
1.20
1.25
3,052
6%
6%
400
5
Jan
7%
6
130
5%
Jan
6
BONDS—
Uchi 6s
Feb
-
—
——
$14,000
32 V2
Feb
6
Jan
1.10
2.26 Mar
1.63 Mar
3.90
Exchange-Curb Section
Toronto Stock
Apr
3.35
24,410
45c
48 c
2,100
44c
Jan
58c
Mar
30C
33c
39,400
22c
Jan
39c
Apr
Jan
68C
Apr
2.98
13,817
45c
38c
34c
109
110
60
107
Jan
110
205
9
Jan
11
Last
10c
Jan
18C
13,800
47c
Feb
67 %c
2,400
50c
Mar
65c
for Week
of Prices
Shares
1
Range Since January
High
Low
High
Low
Par
Apr
65 c
Range
Sale Price
STOCKS—
Feb
6,000
60c
62c
Sales
Week's
Friday
Mar
52c
Funds
Canadian
Jan
10%
21%
Jan
24% Apr
May
28%
28%
310
1.50
1.60
28% May
Jan
41c
May
31c
35c
8c
Jan
35c
43c
44,200
28c
Mar
64c
Apr
Feb
16c
May
Jan
65c
class
24%
.
Pulp & Paper com__,;'
23
24 %
10%
38
*
A_.
Columbia
British
23
"
Corporation
Ltd
Beath
Feu
1.75
1.19
*
National
Andian
Asbestos
28% May
1,377,158
32,064
38
240
23Va
24 Va
10%
38%
25
24% May
8%
24 Va
Apr
11
Apr
Jan
300
293
30
8,365
341
35
May
46
Jan
130
Apr
139
Jan
11
Jan
2
Jan
Apr
12c
40,700
4C
51c
56c
66,800
37c
1.50
1.60
6,400
3.60
3.90
12,720
10c
.
2,900
5.40
5.35
Jan
Co
6.75 Mar
75c
80c
2,800
75c
May
37c
40,200
25c
Mar
19%
20
1,760
16%
Apr
1.00
46c
Canada
5,600
98c
Jan
Coast
2.00 May
1.15
1.30
9,704
81c
Jan
1.65 May
7
Apr
8
8
20
1.60
1.65
1,625
15
15
120
13 Vz May
2.85
3.05
10,700
2.45 Jan
Jan
1.15
1.98
49c
49 c
2,000
36c
Mar
60c
Apr
20c
'29 c
49,600
15o
Feb
40c
Jan
6% May
6 '/a
6%
1,319
43
43
350
41
Mar
90c
1.01
600
43c
Jan
1.00
1.05
II,397
8.50
31,840
10%
54c
2,650
1.00
Apr
Jan
18c
20c
Feb
7%
43
Jan
May
2.20
l4Va
1
1
Marconi
37/a
__
85c
9%
4%
13,400
115
16,640
54
85e
8%
4%
0
5
*
Westinghouse
Copper
54
85c
9%
125
100
7,385
4.15 May
45%
Jan
70 % May
2.20 May
2.00 May
15
v
85c
May
1.00 May
Mar
Jan
9 Va
Jan
8
Apr
.
4% May
54
50% Mar
Oil
•
30c
30c
30c
300
28c
Jan
Bridge
*
34
32
1.35
34
1.45
265
29
Feb
34
Jan
40c
Foothills
Hayes
Feb
3.40 May
141/0
*
Jan
Dominion
Apr
16
2.00
__
70
2.25
Dalhousie
Jan
9
4.15
70 %
2.10
Consolidated Paper
Feb
1.47
133
3.90
68%
100
Vinegars
Canadian
Apr
1.30
133
4.05
Canada Western Lumber
May
20
133
1
i
common
Preferred
1.75
4.35 Jan
2.40
100
Preferred
Brown
Apr
4.00 May
1.50 May
33c
Oil
__
*
Steel
Shoe
Humberstone
'
'
•
.
.
Minnesota
Oil
Ontario
&
•
330
15 Va May
21
Apr
15
21
Apr
21
Apr
36
Feb
'
#
31
31
31
30
27%
Jan
5
Paper
14
13
14
5,625
12 Va
Feb
14%
Feb
3Vac
Feb
9%C
Apr
24c'
Feb
*
5>/ac
5%c
1,000
1
48c
42c
52c
22.200
1
Selections
1.86
—
Osisko Lake
Jan
17
21
100
preferred
Ltd
Langley's
"
1.28
17
—
f
300
May
Feb
21
17
100
1.58
1
__
1.20 May
1.15 Mar
Feb
1.39
10% May
Pend
54c
May
38%
100
34
Mar
16 %c
49c
34%
33
35
615
28%
Feb
3
4.60
10c
3
3
1,445
2%
Jan
4.60
4.70
2,665
4.05
Jan
1.91 May
Jan
8,345
27c
340
21c
Apr
100
100
20
55
Feb
100
May
41
Feb
45
May
7%c
Jan
30c
Apr
May
38%
1.30
1.91
27c
«
Invest
1.76
<■
Oreille
Southmount
Stop & Shop
May
35
Feb
46
16c
18c
11,700
10c
Jan
28c
21,000
36%c
Jan
65c
17
605
15
Jan
17
Feb
20
464
19
May
10
46
7,500
10c
lie
12%
71c
12%
100
78c
1.00
181,466
18
155
12c
15c
13.200
1.25
45
40
14c
8,000
19c
Apr
1.35
1.016
65c
71c
19,652
18
May
Montreal Stock Exchange
22% Mar
35
May
Canadian
4.90
Jan
18c
12%
Apr
Jan
1.45
Mar
Apr
Mar
Works
Glove
Feb
18
3c
Jan
17c
1.06
Jan
1.35 May
82c
Mar
12% Jan
Va May
Aluminium
Feb
33
May
Ltd
»
common..
/
Algoma Steel
16
Jan
65c
14
14
125
33
20
30
15
10
13%
10
10
253
Jan
9
May
16
Feb
10% Apr
19
May
18%
19
80
15%
Feb
' 14
100%
13%
15
677
10%
Feb
72
100%
175
May
72c
80c
24,005
58c
55c
52'c
56c
12,250
50c
6%
%
preferred
Agnew-Surpass
Shoe
Shares
.100
100
113%
common
Ltd
100
200
10
113% 113%
10%
17
5
116-
114%
116
-100
104
103%
104
120
Tel Co preferred —50
Anglo Canadian
55%
%
55 %
80
23 Va
24
1,543
Asbestos Corp.
Tel
10%
99
24
^
&
Teleg preferred
55
January 1
High
Low
1,800
245;:
preferred"
Range Since
High
10
9%
90
Jan
Jan
"
17
»
...
Aluminum Co of Canada
Associated
Lew
10
preferred...; -100
101% May
80c
for Week
14% Mar
100
May
114
Jan
112%
Apr
I4V2
Jan
94 %
Jan
117% May
100%
Jan
105% May
54%
20
";"i
19
Jan
Feb
55 Va
Mar
24%
Jun
Apr
60
Jun
15 % May
72
Sales
Range
of Prices
Par
Acme
16%
Apr
Week's
Sale Price
STOCKS—
12% May
3lc
Funds
Last
Friday
3% Feb
5Vac Jan
32%
*
45
12%c
__
12%c
Apr
16%
19
12c
*
1
Apr
49c
46
95c
Supertest Petfol ordinary
Mining
Temiskaming
38% May
45c
♦
Jan
Mar
90c
64c
__
«•
May
.100
Feb
23
Jan
25
Mar
Jan
9 Vzc
May
24%
7%c
9%c
29,500
15
15%
1,090
1.35
1.45
4,600
Jan
1.84
...
9%
600
7
Apr
9 %
•
741
3%
Feb
4%
May
B
"
17%.
166 Vz
16%
60
17%
20
5,500
166% 166%
24%-
24 %.
23
22%
24%
198
4,572
53%
14%
161
22 Va
Apr
Feb
Feb
166% May
Feb
25% Mar
Jan
17%
2%
646
2
May
2%
Feb
Feb
11% %2Va
125
11
Jan
12 Va
J«n
695
18 %
Jan
21% May
17
Jan
23
285
21
Jan
23%
May
4%
Class
Feb
9%
24%
*7%c
15
60
•
24%
4%
4
15
—
14%
7
•
-
100
*
Preferred
Mar
30c
146,200
1,050
*
2480.
5
•
Ltd
Mines,
Waite-Amulet
Walker-Gooderham & Worts com
Lake Gold Mines
10c
*
page
:
—
t
-
-
Malartie
33
Chemical
see
Vicour
Wasa
Jan
Standard
footnotes
—
"
1
West
Jan
*
Preferred
Ltd
May
63
30
•
Standard Radio
—;
?
1
—
Mar
7,510
8/8
36c 43/2c
^ 28 /*
17 /8 17 / 4
44 Va - 45
5
5
9c
5% 5%
2.10 2.25
43c
--
Oils
Vermilata
Apr
24%
4%c
Sturgeon
For
1.1Q Feb
55
Bprinaer
Standard Paving common
_——
Ventures, Ltd.
May
Jan
53c
13,400
•
—
"B"
Class
10
90c
5
7%
*
$1
0
*
50
—1—25
——
May
1.40 Jan
8»c
10
180
class A—
Class B
i
United Fuel class "A"
5.60
Jan
47
"it
1-70
Mining —
Apr
51c
105
5
*
Jan
12<j
105
May
130
88 Va
20
33
20
_
Petroleum
Southam Press
Apr
17% May
3.50
1.25 May
10
$ Sgg I:::;::::::::::-::::::::::
Transcontinental Resources
Upper Canada Mines
7.00 May
Apr
54% 54%
—
Mar
34c
15
luo
Jan
Jan.
3.40 May
735
105
Steel
17c
4.05
Jan
700
—
United
May
Jan
3,577
3°c
Mar
39c
May
1.50
2.45
200
1
45c
14
May
May
15c
6,140
__100
Exploration
A preferred!
Towagmac
Traders Finance
Oils
Jan
36c
3/v
—
"
6
Feb
Jan
■*> jura
--
—100
_
United
1
preferred
Mines
Malartie
—50
——
Mortgage
Apr
1
;
Preferred
Toronto
8c
12%
4% Mar
4%c
4,772
--
3.38 Mar
20,700
70c 75
4U ^0/2
36/2
Jan
Mav
20c
l-jo
72c
24,2
Torontb General Trust
1.85 May
16c
2.40
7,145
~
1
—
Jan
22%c Jan
May
16%
J7
5.00 o.~5
-
Toronto Elevators common
United Corp
100
Class "B"
Gold
Toburn
Union
1.35 Mar
4%c
79
10
s-85 3.
2 JU J
5.00
*
Union Gas Co
May
Mar
7,300
13c
10%c
320
Mines—_
Thompson-Lund Mark Gold
Tip Top Tailors common
Feb
18c
May
72
8,000
JJc
?8C
--99
•
Canadian
Texas
Feb
12
107
79
13,475
33
1
5
common
25% May
9%c
•
Simpsons Ltd class "A".
Bladen
May
10%c
Teck-Hughes Gold Mines
1.09 May
12
}
~
V
44
200
(G)
Tamblyn
Apr
15 %c
9c
1
Mines
preference
Silverwoods
Feb
Apr
8c
59%
13,395
7C
Jan
8%
105
85
1.52
8% Mar
15
Sigma
May
25
15 Va
1.09
30c
Apr
9c
30c
Sylvanite Gold Mines
4.15 May
32%
l
Shawinigan
Sheep
2.17
18.250
23,400
33
1
•
1
50c
Rouyn. Ltd
^hawkey Gold
10,100
7c
2.85 May
54c
*
common
new
Jan
2.65
3.75
3.40 May
49c
1
River Gold Mining
Sand
8.75
1
Gold Mines Ltd
Antonio
Jan
*
Merger Gold Mines
Rouyn
Jan
2.25
10
common
—
Long Lac
Roche
3.85
6,054
1
1
10
—*
—
Silk class A
Riverside
4,185.
4.50 May
1
1
*
*
0
Reeves-Macdonald
Reno
1.03
•
Mines
1.01
—1
Quebec Gold Mining
Jan
89c
2.09 Mar
2.71
1
Jan
Feb
30
2-6® 2,7
*
Sterling
Sturgeon
High
34
68
■»
108
i
Iron Mines
Coal
River Gold Mines
Sudbury Contact
Sullivan Cons Mines
Rock
Steep
Canadian
1
-r-1
Porcupine Reef Gold Mines
Powell River Co
Rouyn
1.55
3.90
1
1
Porcupine Peninsular
Powell
12c
55%c
1
Mines of B C
Pioneer Gold
40c
1
1
Ltd
Mines
Pickle-Crow
1.60
31c
1
Mines
Gold
Malartie
Partanen
Paymaster Cons Mines
Perron
28%
1
Mines
Paramaque
Feb
4.20
-
19
Mines Ltd
Porcunine
60c
•
1
(new)—
Hersey
Page
27
12c 12 %c
*
•
1
Pacific Petroleum
Jan
Mar
3.10
6.%C
::
1.85 May
10
"■
Oils
Pacific'Oil & Refining
Pamour
30c
45c
-50
preferred
Crush
Pacalta
3.30
•
1
Mines
O'Leary Malartie
6%
1
*
Mines
Gold
O'Brien
70c
17c
1.25
*
•
•
5
Mines
Northland
13%c
*
Ltd
Corp
Mining
Normetal
20,200
—
1
-
—
Norgold Mines Ltd
1.42
28%
Bidlamaque
New
75
12%
*
20
*
—100
—1
common
Grocers
Preferred
63
25c
•
Lac.....
Moslier Long
National
*
common
Corp
Moore
26 Va
Apr
45c
28
25
62%
89
75c
22%
& Power
Light Heat
Jan
1.23
Feb
1.50
26% Mar
106 106%
23%
132
Porcupine
Moneta
Montreal
340
94/2 C 10%c
*
100
preferred
Apr
35c
12,700
62,450
28
10
6.20
preferred
New
41c
1.85
25
11%
25 %
24c
common
Knitting
Monarch
9,300
11%
1O0
Corp
Modern Container
Apr
19
13%
Mining
10c
Jan
10c
•
•
& Gas
Jan
3c
1.15
92c
1-58
6%c
30c
32c
Mercury Mills
Mid-Continental Oil
Jan
Apr
25
*
Red Lake Gold
GoJd Mines
McMavmac
Apr
17
16
1,135
30,600
18% Mar
22c
12 Vz
1
1
r—1
—'
McLellan Gold Mines
Jan
Jan
9c
6c
5
Mclntyre Porcupine Mines
McKenzie Red Lake Mines
15%
3.60
•
100
•
Oil common
Frontenac
McColl
185
18,600
2.40
--
*
20
.-
9.15 Mav
2.90
lic
1
1
Massey-natris
Jan
4.05
*
Preferred
Maralgo Mines
Marcus Gold
Jan
6.15
1.30
12%
*
Leaf Milling Co common
Maple
17 %
25%
3.70
6c
Apr
24 %c
695
37c
common———*
Gardens
Maple Leaf
Apr
Low
40
225
42
—
Bros
Stedman
Range Since January 1
High
42
569
1.50
4.20
3.10
2.57
Shares
24% Mar
27 %
26%
1-41
1
1
1
1
*
Ltd
MacLeod-Cocushutt Gold Mines—
Madsen Red Lake Gold Mines
Malartie Gold Fields
Manitoba & Eastern Mines
Mines,
Macassa
13c
27,000
18c
24
8.60
16
17
7c 7 %c
1.40
1.30
16%
7c
1-35
40c
1-80
28
3
1
1
Candy
Secord
Laura
Lebel
of Prices
Low
Pat
High
LOW
8;25
J7% -18
16c 19 ,zc
8.45
17%
16c
*
*
Sons
&
Lang
Mines
Gold
Lamaque
1
for Week
Sale Price
STOCKS—
Range Since January 1
Shares
of Prices
Low High,
16c
22%
16 %c
23 %
Lake Fortune
for Week
Sales
Range
Sales
Range
Last
Sale Price
BTOCK8—
Week's
Last
Week's
Friday
15
1.25
May
15% May
310
15
7
3c
I
14
May
15
May
40
7
May
8
Jan
2%
Bruck Silk Mills
•
Building Products 'A'
«
12 %
21%
21
21%
22%
22%
12%;
11
121/a
3.475
121
120%
122
317
21%
211/2
25
—5
Canada Cement
common..
Preferred
Canada
Forgings
—
class A
•
—""loo
«
2
.
156
9%
Jan
119 % May
20
Jan
24
May
121% May •
123
22
Jan
JftU
Number 4391
Volume 161
THE COMMERCIAL & FINANCIAL CHRONICLE
CANADIAN
RANGE
Friday
Week's
Last
STOCKS—
Range
Sale Price
Breweries
Canadian
8%
8%
715
13 %
13%
1,216
50
46
46%
407
12 3,4
13%
24,772
8%
Jan
493/4
50
1,100
443.',
Jan
common
•
*
Preferred
Bronze
Canadian
preferred
29 Tb
•
Converters
Cottons common
51
"B"
Canadian
•
Pacific Railway
Cockshutt
Cork &
Crown
13
Apr
30
4(5
Jan
25
100
125
12
Jan
46
26
165
46
May.
Jan
Va
120
27%
43
135
417
6%
Apr
7%
16.876
100
55
49%
55%
3,506
44
100
65
144
100
6%
Apr
7%
Jan
27%
6,085
15% Mar
27%
18
22n'4
15
18
79,692
13%
1.690
66
67 Va
3914
6
Columbia
Jan
47
Feb
Mar
British Col Pulp
Brown
Co
Jun
Canada
&
May
Canada
Malting
May
Canada
North
39%
345
33
Jan
39% May
Canada
39
25
38%
Apr
42
59
115
Dominion
•
35'/2
32 (a
36%
1,330
25
11 T'4
pfd
Jan
Dominion
Glass
11%
650
12%
228
26V4
26%
100
25
Jan
27
162
162
10
161
Jan
162
.25
Ltd_
Stores
36%
8
8%
17
17%
285
11% May
9%
6,590
17%
*
7%
7%
Tar & Chemical com
9
Textile
9
16
15%
16
1,215
75
75
198
9
10%
9 Va
10%
1
16%
16
16%
1,045
common
Corp
&
Heating Products
Electric class A—
English
Gatineau
Steel
General
*
9
pf Canada
Power
Wares
9
9
Starch
Holt,
Jan
—
5
May
May
8% May
12%
174
5'r
280
425
16%
105
50
6
6
1,077
15%
23 %
Jan
10%
11%
1,880
6%
7%
2,600
12%:
12%
'13
100
15%
22 3.)
11 Va May
6 s/8
795
7a/4
Feb
11
1,009
33
Jail
&
Jan
13 % May
Mar
15% May
15% May
Jan
71
216
,
Smith
Paper
9
common
Mining
Imperial
Oil Ltd
Imperial
Tobacco
I43.4
2,700
13%
Jan
3,293
12%
Jan
7%
160
7%
Feb
13%
7%
660
26
Jan
54
75
49
Apr
54
May
106
15
100
Jan
107
May
11%
11%
27%
27%
27 Va
450
24%
Jan
;
104
■104
15
75
11
Jan
115
115
3
115
May
14%
14%
14%
250
11
Feb
20%
20
20 %
525
20
May
14
360
160 Va 160%
14
160'%
14
100
Bronze
common
common
*
Preferred
International
Power
i
Preferred
International
Div
168
Mar
172
Apr
10%
10%
5
3%
4%
15,525
60c
60c
188
4%
9
com
Preferred
8 Va
201
5%
837
53 %
50
46
Apr
62
Jan
50
Mar
55
Jan
9
55
193
82,625
30c
500
20c
May
45c
38
May
4.9%
Jan
3%
42
40
42
285
3%
3%
925
30c
30c
17
14%
14 %
48
13%
*
9%
8%
9%
12,855
9
1.75
1.15
2.00
1,250
2%
2%
135
35%
38
430
17
17%
150
9
Ltd
9
38
20
9
Cottons
Preferred
,w
Preferred
National
16 38
95
May
ls V*
Jan
105
105
50
97 Va
Apr
22%
23 %
977
21%
Jan
37
29%
.37
1,835
110
110
40
—
33
—
108 Va 108%
26 %
—
—
26 %
•
26%
85
107
30
Jan
Feb
152 Va May
105
16
Jan
18% Mar
17
%
11%
10
10
■■M 18
:i?
12
24% Mar
263%
12
8 V4 Mar
3,908
May
10%
2,001
9% Jan
11%
Feb
25
27.%
3,950
23% May
27%
Jun
23%
50
22% May
26 %
Feb
75
75
37
75
May
140
/
140
—
12
132
Jan
22 Va
23%
43%
22
5
39
39
45%-
39
45
20
3,055
22%
21
22%
Noraniia Mines Ltd—
*
53T4
Ogilvie Flour Mills
•
28
Feb
Mar
24 Va
Jan
43 Va May
Apr
28 Va
37
800
45 Va
May
42
20 %
50
22
75
140
.
22
3,905
43%
23
—
—
9
Car
common
May
43%
Apr
17% Mar
426
20
53
53%
420
28
1,693
24
171
171
5
153/4
15%'
225
Apr
50
27%
*
—■>.
9
Railways
Ottawa Lt Ht &
Preferred
9
7
—
7
36
168
Jan
I
9%
9%
9%
100
100
55
23% Mar
% Mar
% Jan
7
Jun
8%
99
Jan
Jan
Preferred
Reliance
Grain
Bridge
Ltd
Co
United
Class
140
57% Mar
60
May
'18
18
200
14
19
May
20%
19%
20%
1,455
7%
7
7%
660
3534
3334
GO
GO
Jan
7
Jan
20%
9
Jun
Beaufor
Gold
35%
4,930
32
Feb
101 101%
200
100
Mar
103
Feb
11
255
9%
11
May
15%
15%
135
15%
Apr
Feb
16
Jan
40
11
105
3%
& Diamond
Gold
¥2
Jan
Feb
37% Mar
12%
106
3%
Central Cadillac Gold
Feb
13
Muy
Feb
62
May
6 Va
Jan
14
Mai-
106
106
35
99
Jan
106
May
47
50
6,087
36%
Jan
50
May
100
Mar
97
250
6
Jan
109
5
107
Jan
28
28
4,244
30
—
50
8%
109
—
97
8%
30
25
17%
17%
125
96
May
8% May
low
Jan
22c
Jan
30c
Apr
28%
Feb
30
Apr
17
Jan
17'%
Feb
13c 14%C
20.300
10c
9 VaC HVaC
13c
May
19c
Jan
86,200
3c
Jan
23c
Muy
1.33
1.35
700
75c
Jan
31c
—
38c
53,800
8c
Jan
51c
Apr
19c
1.80
Apr
23c
5,100
6c
Jan
27c
May
17c
18c
2,000
7c
May
31c
May
40c
40c
40c
1,000
19c
Feb
44c
Apr
12 %c
12 %C
14 c
9,700
6c
Jan
18c.
May
—*•
— U*
«
Mines Ltd.
1
30c
38c
201,754
55c
50c
58c
15.500
50C
Jan
58C
May
Ltd.—
1
38c
35c
39c
13,200
10c
Jan
45c
May
1.32
1.32
500
23c
Jan
2.30
i
5.65
5.40
6.20
5,200
52c
Apr
7.00 Muy
1
Donolda
1.50
1.45
1.60
5,900
1.25 May
1.75 May
Ltd———9
60c
60c
700
GOc
May
73c
Apr
1
10c
10c
1,000
8c
Feb
14c
May
Jan
97c
May
Apr
64 %c
Apr
Mines
Corp
Jan
Jan
Feb
9
Mines
Duquesne
Co
Formaque
Gold
Francoeur
Mines
Graham-Bousquet Gold Mines
18 Va
Jan
Joliet-Quebcc
22
22
75
22
Mar
25
Jan
24
24
85
22 ¥2
Apr
24
May
Labrador
9
17%
18
175
16 %
Jan
May
Lake
Shore
Lake
Fortune
Sour ham
25
15 %
Jun
190
10%
Jan
11%
Jan
110
69
Jan
73
Feb
77%
20
74
Apr
163
Mar
—9
5%
Viau Biscuit common-.-J
9
14
Wabasso
9
165
13
Tobacco preferred—.
—100
City Rapid Transit common
9
13
15
3
11%
146
5)4
6
14
14
Jun
Jan
13%
Apr
6
12%
100
Jan
15
Feb
Feb
May
Jan
58 Va
70
58
Mar
59%
Jan
75
20
70
Mar
78 Va
Apr
%
10
21
Apr
22%
Feb
193/4
20 %
640
18
Jan
20% May
20 Va
20 ¥2
75
75
21%
20
———————
7%
21
6%
7V4
•19%
Jan
21
May
6%
3,110.
Kirkland Gold Rand
Lebel
9
26%
26%
Jan
8
Jan
27
23
200
27
25
Jan
26% Feb
Oro
10
10
10
10
15
14
261
16%
1,370
27
100
26% May
27
May
Jan
15% May
Jan
15
Apr
May
/15% Jan
470
)
•
1.18 Mar
8
97c
1,000
58c
36c
4,500
20 %c
% C 10 %C
24,987
72c
85c
30,000
20c
7,100
4.00
4.40
3,300
100
17c
3 %C
May
2.40 Mar
Jail
7c
Jan
2.45
18c
28c
Jan
4.40
Jan
17c
3,000
17c
7c
8c
3,500
/7c
May
1.32
1.35
500
92c
Apr
Jun
24 VaC May
May
—
Apr
13 VaC May
1.50 May
73/ic Jan
135
v
Jan
Lake Gold Mines—..-1
McKenzie Red Lake Gold
19c
1
9%c
May
Apr
2.05 Mar
2,65
1.54
800
70c
9
2,65
1.54
Mines..—..1,
70c
1,500
64c
Feb
79 %c
2.25
Jan
3.80
100
2.20
Jan
2.65 May
1.35 Mar
1.75 May
...—_l
3.25
3.00
3.25
4,050
Pioneer Gold Mines of Brit Columbia._1
33c
32c
35c
24,800
10c
Feb
42c
33c
Apr
62c
Pandora
Cadallic
Paramaque
Red
Rouyn
Shawkey
Mines
Ltd
Stadacona
40c
Mines
Mines
5,400
20c
15c
20c
1.
13c
95c
95c
500
12c
13c
4,700
—1
1944 Ltd——..—
.....
4.40
Jan
6c
Jan
34c
25c
Jan
5 VaC
5.85
Jan
1.45
Feb
Apr
May
Apr
May
Apr
Apr
17c
May
90c
May
'
75c
81c
74c
80c
80c
11,600
60c
Jan
91c
•25,691
60c
——9
59c
55c
67c
51,600
43c
Apr
1.00 May
1
3.00
2.85
3.25
33.350
1.50
Jan
3.80
'—1
5.00
5.00
5.20
300
3.60
Jan
5.50 May
Cons Mines Ltd
Hughes Gold
913
9
Ltd—...
Gold
500
5.35
Ltd—..—.1
—
Co
40c
5.35
1
—
Gold Mining
Gold
Standard
Gold
—
Gold Mines Ltd
Crest
Senator
Teck
15
1
Ltd...
Goldfields
2,500
23 %C 23VaC
4.40
1
—1
....
Mines
1.54
18 %C
1
...—
Normetal Mining Corp Ltd
O'Brien Gn)d Mines Ltd—
Ranks—
75
85c
/Ltd
Ltd
Mines
Madsen Red
Sullivan
10
..
8%c
1
Mines
Mining & Explor Co Ltd.—i
Louvicourt
Siseoe
25
54c
77% May
165
3%
7,215
58 V2
Walker
9
875
73
165
Tuckett
(Hiram) G & W common
Preferred
—1
9
Weston
(Georgei
common
—9
Wilsils Ltd
—9
15%
11%
73
77%
73
15
11%
15%
*
common.
18
Jan
97c
-I
Ltd—1
...
Mines Ltd
9
com——9
4c
35c
——1
Hasage Gold Mines Ltd
Feb
17%
25C
1.32
1
Ltd.
Sullivan Mines...—.
East
16%
10%
57%
1
Mining
3.825
Royal
5
130
154
„
1
Centermaque
Century
18
!
Jan
May
13
13c
1
17%
Nova Scotia
14
27
10
8%
.1
Gold Mines Ltd_
•
Canadienne
Pommerre
Montreal
Jan
Feb
Feb
62
34c
M Corp....
100
—
9%
12 Va
23
—
Ltd
Mines
Shawinigan Water & Power—;
L—
Mar
Jan
9%
1
Cadillac
common
9
Jun
Jun
33a
13
1
Aumague Gold Mines Ltd
Consolidated Gold
Ltd
25 %
107
61%
9
J.-M.
preferred
Feb
2% Mar
Feb
May
Jan
11
-
15%
Jan
18 % Mar
35
common
Mar
105
25
9
May
106
Cotton
22
40
Jun
May
11%
Power
1,405
107
2%
—
9
Bouscadillac Gold Mines Ltd
29
106
& Sons common
25 %
2%
Jan
26%
Jan
106%
9
B
Brazil
114
11%
—
25%
1st pfd—100
Corporation class A
Heva
5 '/c
25
preferred
Jan
Zellers
17
Company Ltd
Feb
Winnipeg Electric
Jan
Quebec Pulp & Paper pr
68
United Steel Corp
16%
Va
5%
49%
Power Corp of Canada 6%
22
Twin
60
5
Jan
*
17
15
290
Jan
Preferred
17
4,750
May
Canada
19% May
14
2 %
of
16%
Jan
26
58%
Canada
Jan
18
9%
18 3/s
Co.
12
280
26
510
Steel
22
1,225
19%
9%
326
Southern
1,760
13
19%
12%
Jan
May
"
Canada
26%
12%
—
7,665
common
25 %
12%
9%
64
Williams of
343%
26%
13%
3 %
(Hi
1.00 May
8% Mar
10
19%
Breweries
Jan
16% Mar
& Ontario Paper
9
Refrlg & Storage 1st pfd—30
2nd preferred
20
Moore Corporation Ltd—
9
Mount Royal Hotel Co Ltd—
9
19
Simon
30c
6% May
Minnesota
63
Sicks'
29% Mnv
950
Montreal
2%
Sherwin
Feb
Jan
7%
Teleg and Tel common—..10
50
St
Feb
4%
Jan
25
7%
„,_9
Jan
11%
100
29
106
common
3%
May
3
May
Jan
Jan
100
*
A
10
Mar
7%
—
preferred—
Lawrence Paper preferred
Corp
Feb
6
2
Jun
Ja»
42 V4 Mat
•
36
100
Lawrence
Class
Api
10
Jan
Feb
15
*
—
40
11%
Apr
4% Mar
May
172
255
11
Preferred
St
Feb
9% Mar
55% Mar
28
29
100
common
35%
Jan
May
17% May
100
Jan
*
-
—
Paper
38
Feb
200
Va May
*
5% preferred
Provincial Transport
Quebec Power
Roll a lid
Jan
15
5
20
114
—,
Price Bros & Co Ltd
3
30
42
46
29
1
Canada
of
Jan
15%
Feb
114
*
common
Placer Development
Corp
2.00 May
2%
5
41 Vn
29
*
—
Powell River Co
Power
Jan
Jan
15
Sarnia
17 Va
75
100
NewLtd
8
60c
40%
Southern Canada Pwr 6% cum pfd—100
Southmount Invest Co Ltd
28 %
25
common-—100
Page-Hersey Tubes
Jan
14% May
9% Mar
9
&
Buffalo Canadian
Penmans
Jan
Jan
Apr
15% May
5% Jan
100
36
•—
100
Power
——
42
Jan
50c
Mines—
100
common
Aircraft
9
Jan
e
Electric
Mar
Jan
10
Ltd A
(Can)
Massey-Harris Co Ltd 5% pfd
10i>
McColl-Frontenac Oil 6% preferred.lOO
Melchers Distilleries Limited common 9
Jan
23%
27%
Weaving—:
Ottawa
"
;
Inc„
Power
Maritime
108 % May
Feb
150
25
-—
9
Company.
(Alfred)
Preferred A
May
432
100
—
A_
Paper Co
9
Maple Leaf Milling Co Ltd common—9
Jun
35
152% 152%
23%
*
37
Insurance
MacLarcn
112% Mar
Jan
275
11%
—
May
24Va Mar
27% May
108%
May
26%
9
—100
33
.
1934
Ottawa
30
105
22%
common
Steel Products
6,475
3,970
19%
Ontario
240
Lambert
*
Preferred
1.00
33
—9
Wire
90c
Ltd
Foreign Power Sec Corp Ltd
Fraser Companies,
Limited
Jan
,
Corp
Niagara
2,190
Can
21%
—40
Car
690
29 Va
•
of
33
Cons
s.
Steel
4
28%
5
Ltd
Motor Co
32
100
Breweries
33%
29 %
Ford
Mai¬
32%
—*
Montreal Tramways
National
16
104
International Paints
—
Pr
620
Halifax
A)_—
common
&
29
2%
32% Mar
preferred.—100
Telegraph
Ht
10
2%
*
——:
Lt
10
2%
Limited
39% May
__—
Montreal
9
Corp
Jan
—100
Montreal
Realty
Jan
•
Montreal
1,070
3%
262
11
2.25 May
May
25c
10
31%
(Robert)
Brewery
1.85
9
Works
Feb
Jan
2.25
3%
common
A
8%
7%
30c
39%
*
—
Molson's
Jan
Apr
1.85
2.15
9
9%
29%
—
McColl-Frontenac Oil
6%
4%
53%
.2
com
10%
Apr
27%
Jan
May
8
39%
Aircraft
Jan
60c
51
10
285
100
(John
Jan
5%
11
3.691
Milling common—'
Ltd
40c
4% May
Va
"
32
Ltd
———
&. Sons
Jan
8
9
39%
common
Massey-Harris
2
12%
5 %
Paper Co Ltd
38
31'%
100
Co
Service
Woods
10% May
9
100
—
Aircraft
May
•
Jan
May
2.50
See
38 %
Utilities
Public
the
101
14
159
100
15
—_
Petroleum
Jan
Apr
Jan
165
1.00
Advert
Engineering
Fairchild
Feb
15
22%
*
9
common—
—
International
Mitchell
16
25
Paper
13
11% May
117
1
Donnacona
Fleet
'
International
22% Mar
129
Dominion Malting Co Ltd
Dominion Oilcloth & Linoleum
Dominion Woollens
Apr
May
165
Frerc, Limitec B
Jan
Jan
4.15 May
71
24%
15% Mar
12%
7%
Preferred
Lang
Feb
Mar
12%
Int Nickel of Canada
of
24
35
Jan
Jan
14%
•
i
International
Jamaica
14%
21
303/4
common—9
Can
Acceptance Corp common..'
Preferred
Lake
—
£1
of
Preferred
Industrial
22 3 4
»
45%
Jan
106
Drummond
Howard
Hudson Bay
45
165
'
Preferred
Dominion
Jan
2.30
...100
Paper Inv
General
Preferred
&
36%
16,743
24%
—
9
1
Commercial Alcohols Ltd
David
243 i
•
Consolidated Paper Corp Ltd
Cub Aircraft Corp Ltd
Jan
105% May
6% Feb
246
4.15
9
"B"
17%
Jan
8%
Ltd
Consolidated
5% May
7
22
33
102
Jan
Mar
39
3.95
«
24% May
12% May
15% Apr
1,760
15%
28%
Power
Neon
25
25% May
31% May
100
preferred
Claude
1,652
36%
100
Industries
May
17% Mar
Jan
764
3134
100
common
Canadian Westinghouse Co Ltd
Canadian Western Lumber.
9% May
Jun
20% Jan
10% Jan
45
11'
17
253o
Mar
54
Canadian Vickers Ltd common
7%
preferred
Jan
142
17
69
Jan
105
May
25
•
preferred
Canadian
16% May
6% Jan
"*24
105
103/4
Jan
23%
12%
15%
——
100
common-
16
75
27
24
Jan
Jan
Ltd
Feb
142
28%
preferred_100
Canadian Light & Power Co
Canadian Marconi Company
Jun
12%
11%
16%
9
Gold Mines
Renfrew
7 Yo
Jun
8 %
Co
100
15
25
4.10
May
45 Va
30
30%
-
7%
Vinegars Ltd
Canadian
Mar
72
23%
9
Lime & Aiabastlne
Ho dinger
9%
7%.
common
common..
Hamilton Bridge
%'
23%
12 %
^100
(Charles)
if.vp>um.
9
23%
•
.
common
Preferred
Gurd
Jan
17%
Jan
Sugar
Ltd
165
36% May
9
Canadian Dredge <& Dock Co Ltd
Canadian General Investments Ltd
Apr
7% Mar
2,145
Electrolux
Foundation Co
12%
12%
Jan
14
May
Jun
Co
3% May
55% May
142
142
1
Power
2% Mar
»
preferred
•
Dominion
Dominion
Dryden Paper
Enamel
Feb
100
preferred
Dominion Steel & Coal B
Dominion
113B
61
29
12 Vi
*
Steel-
&
42% Jan
*__■*
common
103% 103%
& Pap Co Ltd com—9
Dominion
14
70
Canada
Dairies
1,178
100
Jan
58
Coal
3%
•
Ltd
common
49
39
Foundries
Packers
Preferred
910
*
Dominion
103%
165
3%
100
12% Apr
*
Dominion
160
—
3%
Jun
11%
common—100
preferred
British
Jan
33
High
Mar
British American Bank Note Co
British American Oil Co Ltd
Jan
6%
Low
3%
preferred
7%
Jun
Range Since January 1
High
2%
common
Belding-Corticelli Limited
Mar
125
Apr
6%
Distillers Seagrams com
Dominion
L010
3%
preferred
7%
May
T4
13 Va
Bridge
Paper
Bathurst Power & Paper Co Ltd "B"_*
May
42
6
39%
Shares
*
6%
51% May
27
for Week
Jan
28
46
Sales
Range
of Prices
Par
Abitibi Power <fe
Jan
160
IB
Co__..
Mar
46
13%
9
Seal
10
Week's
Last
40% Mar
605
*
Glass
Consumers
38% May
Funds
Sale Price
STOCKS—
May
6%
27%'
Canadian
Friday
13 % May
50
450
25
Plow
Jan
Jan
30
42
6%
•
Consolidated Mining & Smelting
11%
40
165
125
125
Montreal Curb Market
10% Jan
13% May
46% Feb
51V2
27
•
Locomotive
3,475
Jan
7%
200
46
100
1
High
51
*
Canadian
Low
165
*
—.
12%
29 %'
100
Fairbanks preferred
Canadian Foreign Investment
Canadian Ind Alcohol common
38%
12
100
Canadian
Class
12%'
25
Preferred 7 Vc
Canadian
38 %
9
Canadian Celanese common
Canadian
50
*
common
Canadian Car & Foundry common
New
13V4
JUNE
Range Since January 1
*
Steamship common—
preferred
5 fe
Shares
Hiah
_s
Canada Northern Power
ENDING
Sales
Low
Canada
LISTED MARKETS
FOR WEEK
for Week
of Prices
Par
2479
Mines Ltd
•
Mar
1.05
Apr
Apr
Oila—
Jail
18
Jan
British Dominion Oils & Dev Corp
29%
Jan
Home
lG3/t May
Oil Co Ltd
Homestead
Oil & Gas Ltd
51c
51c
51c
9
3.60
3.50
3.60
2,100
1
12%c
12c
13c
20,500
9
500
51c
3 10
Feb
J»n
4%c Jan
71c
Jan
4 25 Mar
18c
May
Monday, June
CHRONICLE
COMMERCIAL & FINANCIAL
THE
4,
OVER-THE-COUNTER MARKETS
1
for Friday June
Quotations
r»f
.
.
Bid
-
£ Ask
Keystone Custr-Man Funds—
."''Series" B-l——
1
8.43 . 9.23
1% *
5.13 5.61
Holding Oorp—-10
30%- • '32 %' •'
Business Shares—-<.1 :
- 4.30,
- 4.71 •
Affiliated Fund Inc
v;
H<!AAmerex
American
♦
Axe-Houghton
16.95
*
-I
com—100
Loomis
Loomis
2,850
5.84
'
6.60
!:!;
'
'
*
i.'J;.'
J;
f
7
9.91
,8.14
9.22
7.59
Jncome Foundation
i——
14.21
75-year 4%s
•
11.75
10.69
7.70
....
8.47
Aetna
9.35
8.93
9.82
4.86
5.77
7.34 1
Republic Invest Fund—.
5.70
Scuddor, Stevens & Clark
5.44
1.12
Co of America—10
29.66
the
15,40
'
100
29%
60%
Monarch
Fire
Casualty
National
2
66
118
38
41
•
2%
1
103.12
105.20
54,.:.
57
89
99
25.42
26.21
Camden
22.23
24.30
City of New York
9.75
10.66
Connecticut General Life
8.49
9.28
Automobile
Shares
Amer
Investors
Fund
Bond
B
Series
C
Bankers & Shippers
.15
43%
56%
,8' 'First National
1
Boston
8
10
Fulton
48'/4
15%
16%
2.50
22%
24%
Northeastern
10
57%
59%
Northern
47
50
5
River
•;
"
5
6%
5%
12.50
87 %
91
109
30%
32%
Pacific
Fire
25
102%
Indemnity Co
10
56%
60
33?
10
36%
Phoenix
10
90%
94%
Preferred Accident
-5
12
13%
10
35
37%
10
62
10
47%
51
20
159 %
167
Fire Assn of Pliila
10
Fireman's Fd of San Fran
5%
4%
45%
44
10
Corp
10
•
•
r
•) .'"1
_x00
-
200
100
National
Grace
190
345
353
100 1,750
17%
10
Seuooard Surety
,
'
■
10
;
49%
.
10
34..
25
1
r
35%
10
,36%
122
38%,
11%
30%
52%
-'
116%
Standard Accident
51%
10%
29
78%
75%
Springfield Fire & Marine
,
87
33%
28 %
77-30.%
.—.—10
111%
Travelers
100
-
585
570
91
32%
10
U S
4
51%
42
54%
10
78%
80
2.50
32%
35
U S Guarantee
Westchester Fire
-115%
•
40%
Fidelity & Guaranty Co..2
U S Fire
Fire
,25
Security New Haven.—i.
58%
#,
8
Hanover
Hartford
31%
29%
10
st Paul Fire & Marine.——12 % 7
'24';;
48 %
com,
American—
1,800
p-.ui-
45
42
25
21
8
Rutgers Fire Ins.
preferred
Great
54%
,_e
Republic.
&
2nd
210
•:
16%
10
Irving Trust
Kings County Trust
Lawyers Trust
Globe
2%
8
10
6%
5%
2
—
14%
13%,
.
Corp (NY)
Republic
(Texas)
Revere (Paul) Fire—.—.
101 %
%
8
/•'
Globe &
Ask
97
Reinsurance
74
70
-
8
Newark..
of
Fire
Glens Falls Fire
Bid
100
Trust
Guaranty Trust
Trust Co
Manufactures
25
59%
New
99 %'
34%
62%
com—20
preferred
Morgan (J P) & Co Inc
National City Banjfc—-
56%
95%
32%
64%
50
29
100
12%
51%
310
318
'44%
—25
106%
109%
Public Nat'l Bank & Trust__17%
4^%
York Trust
Title
Guarantee & Trust
United States Trust
1,875
45%
14 t
13
12
100 1,500
1,560
quoted
Cent
Lt
3%S—1974
106%
Laclede
103%
104%
Miss
101%
101%
are
tor discount
August 2,
0.32%
August 9, 1945
August 16, 1945
b0.375
0.33%
b0.375
0.33%
"
101
108%
Northern
108
108%
Ohio
1990
101%
101%
*—2000
100%
100%
b0.375
;—b0.375
b0.375
August
23,
1945
b0.375
August 30, 1945—^
—
b0.375
1945^
2s
Ask
0.35%
0.35%
0.35%
0.35%
0.35%
—
1953
—
Florida
Power ^P/aS
100
1974
.100%
100%
1979
106 %
106%
1974
105
1975
100
Edison
Reading
San
3.10%
Penn
Co
Power
3%s
3%s
E)
100%
3%s„1970„ ,110-%'
Diego Gas & El
Seagranv (Jos
'106
104
3%S—_1965
:
4%s
1979
Houston Lt
Kansas
&
Pow
Oklahoma
&
Gulf
106%
107 %
South
.1974
2%s
104%
105%
Sou'westem
Ry—
3%s
Texas
l£f80
100%
101%
100%
1975
Potomac Edison 3s
100%
i09%.
101%
2%s_1975
Pacific Gas & Elec 3s
108%
Florida Power & Light 3%s_1974
107%
101
101%
New York Pwr & Lt 2%s___1975
108
3%s
106'A
100%
1980
100
RR
102%
107
Narragansett Elec 3s
1974
Chicago i&'St Louis—
——.—1985
...
3 %s
Bid
0.32%
—1965
Light 3%s__ 1974
Erie
July 19, 1945—
b0.375 0.33%
July . J;(i,j^)1945,4,(,v,>^r.i4U-4J<>v**iLA;^iibOi37i5,^0.34%
0.32%
3%s
Lt
&
Light & Power 3s
1974
Empire District Elec. 3%s._ 1969
Ask
0.28%
Gas
Power
3 %s
Conn
purchase
at
102
105%,
New York
Serv
„.—
A«V
Bid
Ask
105%
1974
1975
Vermont Pub
2%s
Bills
b0.375
—
&
Birmingham Electric 3s
3%s
b0.375
—
Pow
Chicago & Eastern Illinois Ry—
b0.375
—
Bid
Arkansas
2....
Bid
June
Recent Bond Issues
46%
bO.375
1945—_
21, 1945/giV'june 28, 1945 —
><,.» . July 5, 1945—
Carolina
Pow
Pub
Power
3s
Serv
104 V«
103%
3%s_1974
100
100 >/4
100%
101
105%
&
Light 2%s.,1975
Virginia.Elec Power 2%S—1975
Virginian Ry 3s_
1995
101
%.
101
1975
304%
ioi%
106
■
L
:
Md,
Obligations Of Governmental Agencies
Quotations For U. S. Treasury Notes
V
■Snc.--1
,0cM! Maturity—
3s
Int. Rate
Bid
Ask
Dollar Price 100 Plus
Maturity-
'
SSlDec.
15,
%%
1945_.
1
%
99.31
100
of
Certificates
Indebtedness—
,CriJMar 15.
1946—
15.
1946...
1%%
100.24
100.25
ty8s Aug. 1, 1945—
t*/as Sept. 1, 1945
Jt tMar 15 1947—.
1%%
100.11
100.12
t%S Oct.
100.29
100.30
100.12
tO.90s
tSept.
15,
1947.
—1%%
tSept.
15,
15.
1947.
1948.
—1%%
100.11
-1%%
101
tSept.
100.4
101.1
1,
t%s March
t%s
April
t%s May
$7s
*
-
July
.0393
1,
1,
1,
1946—
.0569
1.
1946
1946
.0555
.0401
.0549
.0447
.0611
'.0493
1946.
—
Ask
:
Jan.
Mav
1
1,
1,
100.6
100.7
101.20
1956-1946—
1956-1946
7—^7
101.22
102.19
.085s
-
Home
July
16,
Other
102.21
7.
>
Loan
'
77
.
Bid
A
.
Bank—
b0.90
1945
0.75
—
Issuet
U 8 Conversion 3s
U S Conversion 3s
1, 1955-1953
—7-103%
103%
1948
101%
101
1947
103%
104
Panama Canal 3s
2%s Feb.
1961
133
134
.0563
.0433
1946—
1946—
3b
.0684
-
1,
7
.0530
—
—
Bid
Federal
1955-1945—.—.
.0467
.0434
.0465
July
3s
Ask
.0501
1,
Jan.
t%s Feb.
Bid
rr .0437
1945
t%S Dec. 1, 1945
100.3
P.:
Federal Land Bank Bonds—
Figures after decimal point represent one or more 32ds of a point
e
24
Fidelity As Deposit of Md
Co
Par
Treasury bills—
.5;
■
22
Employees Group
Firemen's
52%
A'^
,ir."
34 %
45%
•
8
Fire
North
Federal
1
&
23
Rates
jOrf.fJuly 12, 1945.
10
York
29%
32
10
Hampshire Fire
7%
188
27%
Pacific
Corporations
First
United Stales Treasury
1945—
6%
178
*
2
New
24
Fire
Crum & Forster Inc
20.76
19.03
' 7. —.
'VI
"
v);
32%
63%
2
20
Casualty
New Brunswick
665
640
X19.15
,7-7
'
.
Amsterdam
22
Continental Casualty
24.78
22.67
A—'
Lt & Pwr Shares
A
49%
100 1,755
7
10
Providence-Washington
Preferred Stock Fund./
Conv
10
Bank
•J
14,
New
5%
30
60%
(Detroit)—10
New
Investment Banking
58%
—20
Co
13
45%
10
Bank--—-
39%
4%
National Liberty
National Union Fire
/-
84%
80%
.25
—100
Boston
7
103
,
Employers Reinsurance
118%
—.
June
8
7%
2%
Baltimore American
7.47
6.82
—
...
13.48
12.36
A—
series
—
Wellington Fund—
123
115%
.4
Y
N
Ins
National Fire
Union Common Stock Fund B—
49%
47%
100
&
21
Inc
16
20
19%
Series
478
466
10
•
of}.
8»/b
Fire
Mfrs
13%
18%
64
Ask
27%
Corn Exchange Bank & Trust_20
-Empire Trust
50
14^Fiduciary Trust
i
7 Va
Merch
...
Assur
12
State Street Investment Corp...
15.76
Bid
Manhattan Co.—10
National
"June 7,
55%
10
City Banks & Trust Cos.
Par
Continental Bank & Trust
'
52%
25
10
Selected
Commercial National Bank .&
77
9
Surety
-
Chemical Bank & Trust
ui';»
19%
Merchant Fire
Reserve
-CI
-—Central Hanover Bank & Trust 20
.(.cfiavTv
78
21%
American
Fund,
or
'
75%
Casualty
American
32.24
•St "'Brook lyn Trust
\018,,.
.12%
1.24
Bankers Trust
.8
Massacnusetts Bonding
4.29
15.69
M Bank of New York—
•
13'/a
17.14
1.09
14.32
..
,
:
Maryland
11%
Trusteed Industry Shares.—25o
shares.
New York
Trust
29%
A
3.90
\
'n Chase
36%
Y
of N
58 %
General Reinsurance Corp
Gibraltar Fire & Marine
l
—20
.—10
Fire
15.94
U S El
Group shares
•M.
i
100%
Jersey Insurance
10
Re-Insurance
Franklin
of
Insur Co of North America.—10
1
Fund
(Geo)
Putnam
Union
Investors F#nd(
'Bank
Homestead
24%
..
2%
American
ABlalr
•
50%
8
Equitable
Union
Insurance
29%
56
Casualty
of Newark
98c
46%
27%
82 %
Fidelity & Casualty.8
shares—
•Mt
43%
0
12
American
Trust
Kl<
Far
Inspect—10
Hartford Steamboller
x27%
American
Amer
Companies
22%
Automobile
American
American
13.56
74
79
53%
-.10
Alliance
3.19
14.86
33%
72
——
48%
28
3.32
North
30.46
55
,31%
Preferred
Home
10
10
Life
American
8.15
7.41
—
Surety
&
Agricultural
American
1.80
73%
29
53
83
80
Aetna
12.39
8.50
—
Casual
Aetna
11.28
Steel
2.95
com
Ask
Bio
Par
1
2.64
Grande
Rio
Seaboard Ry common
85%
Insurance
10.83
11.91
4.94
Stock and Bond Group
&
71%
27
100
preferred
5%
101
99
83%
1
Independence Trust Shares—
;
■95%
Francisco—
5.18
Group shares
93%
60
1955
28.33
33%
22
Series 1956
1.65
65%
31%
-
Series
—10o
(•Investment
—
stock.
Railroad equipment
Institutional
Bank
106%
20
6.67
Securities Ltd—
Aviation Group shares.
104%
Preferred
15.67
9.85
10.84
equipment
Railroad
57c
26
63%
St Louis & San Francisco corn-
7.38
47c
24 >
—
Preferred
Chicago Rock Island & Pacific—
Common
•
101
6.10
Fund Ino
—.—~
Common
v
99
5.24
/^incorporated investors———8
85'A
1993
4.41
Common
-
100 %
83%
10.18
Sovereign
!
98%
>
9.08
.
56%
88
58
6.71
6.37
54%
86
2018
—
San
&
106%
Preferred 5—.—„————,
8.26
shares
104%
50-year 4s
Income
8.34
5.79
Youngstown—
&
—...—
preferred
—
Chicago Milw St Paul & Pacific
5%
77
,5.54
shares
—
Canton
Common
•:
75
-13.62
Oils
9.22
Louis
1st
84%
9.90
9.26
Metals
11.25
10.72
St
101%
82%
12.03
9.00
Machinery
10.66
8.39
Stocks
Akron
Denver
income
13.47
12.40
Insurance
8.95
9.70
76
Grande-
Rio
4V2s
8.70
10.95
—
——
Electrical
6.45
5.86
&
Denver
v
13.61
12.26
-
Diversified Speculative
*
,
I^?AHuron Holding Corp...._..'.l
*'(n
6.80
15.15
Diversified Investment Fund—
13.18
•
Utility
stock
Chemical
6.91
96
Ask
99%
103
74
Chicago Rock Island & Pacific—
1st 4s
1994
Conv income 4%s
2019
^
9.72
7.91
Building supply..
6.28
Bid
4%s
Income
101
94
.1994
2019
—2019
...
1st 3-4s
-
7.99
—
stock
4.72
,
12.39
8.85
9.02
shares——
Tobacco
4%s B
;
Income
.—
,8.72
12.00
Steel shares
,
4%s A
Income
15.007
Agriculture
——————
Railroad
.
income
Gen
8.79
—
Automobile
7.93
Railroad Bond shares—
RR. Equipment shares
.
Gen
6.12
7.27
Mining shares
Petroleum shares
)'ixP
8.04
8.75
>
York Stocks Inc—
6.17
8.05
.
1st 4s
.4.20
England Fund—.—*.2
Aviation
Shares
Merchandise shares..
6.16
7.96
series
Stock
^ 8.16
7.23
New
40.04
Low Price
16.21
31.44
6.11
99
101
—1988
Chic Indianapolis & Louisville—
1st 4s
1983
2nd 4%s
2003
Chicago MHw St Paul & Pacific
5.57
series..
stock
Preferred stock scries
2.34
7.56
8.39
Investing
9.44
A
4%s series B
1.64
7.43
New
Industrial Machinery sharesInstitutional bond shares
'
26.25
28.69
Fully Administered shares—
General bond shares
1.52
if issued)
and
as
Ask
Seaboard Ry 1st 4s.
Youngstown—
1988
&
Canton
series
4s
4.52
priced bond series
priced stock common—-
Bank
Food shares
-
series
Low
—
15.42
(When,
Bid
Bonds—
Akron
seHes
Industrial
shares
14.11
National Security Series-
16.74
6.79
Electrical Equipment
-
Securities—
14.04.
—
26.55
2.13
Corp————*
Trust
1
Reorganization; Rails
11.01
28.05
13.06
series B shares
•
(Md) voting shares
-J.—25o
National Investors Corp
1
15.66
Aviattpn shares
—
Building shares——
Chemical shares—
-'
Inc
10.02
26.09
.10fl
1
1
.10
(Colo)
24.84
Group
Automobile
Fur.d
2d
Fund
Invest
Mutual
1.64
24.38
Securities—
Agricultural shares
——
Trust
Investors
Mass
Bond
General Investors
:v
»
7.50
1.49
Fund, IncFund
8
Invest In«J~
2
General Capital
Second Fund—10
Nation-Wide
Mutual Trust
Fundamental
7.93
48.00
Investors
Mass
21.41
19.80
Bel1 Teletype NT 1-953
;
112.00
47.04
-
Fund
Sayles
Low
First
7.17
106.76
Common
...
54%
52%
Fidelity Fund Inc
Financial Industrial
7.40
6.67
4-4950
York 5, N. Y.
Place, New
40 Exchange
Tel:' DIgby
Manhattan Bond Fund Inc—
149
6.35
'144
*
f
s
Sayles Mutual Fund—*
Knickerbocker
Income
Fund
»
34.74
2,750
J
Balanced
Stock
S-4—.
,4.25
25c
Howard—
Fund
&
Eaton
i
14.72
20.58
Shares—^ ^
Dividend Shares
13.35
37.73
1
Diversified Trustee
16.65
S-3
•*
10.90-11.79
1°°
Commonwealth Invest—-»*-—1
Consol Investment Trust1
t
30.12
15.13
32.31
-1
Fund.
29.16
27.43
3.65
Preferred
Delaware
26.48
I8-78
1
Fund Ltd
Trust
Inv
Fund
Christiana Securities
Chemical
Members New
S-2
34.90;
8
York Stock Exchange
York Curb Exchange
Members New
13.40
22.56
Series
22.20
Century Shares
*
Series
109.35
Broad Street Invest Co Inc
'•ri Bullock Fund Ltd
Canadian
K-2——————«
i
20.59
Series
7
-20.65
Inc..———a-J
Fund
24.29
12.19
B-4
K-l
Series
—6 ,a
Tr of America
104.98
Inv
Boston
32.19
>22.14
—
.
CO. ;:;S
SHASKAN &
29.59
Series
v
A Common
Bond
B-3——:
•
—_
Series S-l
Investing—
Bankers Nat
Series
28.23
29.35
J
Scries
15.32
18.23
14.12,
Investlng.lOc
Fund Inc
1
;i"'American Foreign
B-2—_
Series
Ask
Bid
Par
Securities
:>i: Aeronautical
Quotations on Real Estate Bonds
For
Investing Companies
.0319
sales,
Odd lot
b Yield
price
tv,.
t
Casting Co. with the W. B. Jarvis Co
to Stock Exchange,
,y
Ex-rights,
z
r
Ex-due
furnishedPby
sponsor
d
Canadian market
bills.
J
-
.0674
.0533
a
or
issuer.14
Defe?r-d
s
c^h
'
^Thcse bonds
■
.
_.
effective Jan- ^ I945. of Doehler Die
fy-" f Ej?"interest- f Flat price, k Removed
not included in
range for year,
are subject to all Federal taxes.
x
Ex-dividend.
A Quotations
not
Number 4391
161
Volume
THE COMMERCIAL & FINANCIAL
CHRONICLE
2481
Week Ended May 26
THE COURSE OF BANK CLEARINGS
Bank clearings this week will show
increase compared with
an
a year ago.
Pre¬
liminary figures compiled by us, based upon telegraphic advices from the chief
cities
of the country, indicate that for the week ended Saturday, June
2, clearings for all
cities of the United States from which it is possible to obtain
weekly clearings will
be 19.5% above those for the corresponding week last year.
Our preliminary total
stands at $9,521,736,670, against $7,966,200,491 for the same week in 1944. At this
is
center there
gain for the week ended Friday of 22.5%. Our
comparative
a
1945
Chicago
City—
+ 22.5
317,869,724
+
419,000,000
+
231,595,980
St. Louis
128,937,022
;
133,000,000
179,901,967
+
137,358,150
107,970,082
+ 22.7
cities,
$6,212,358,891
$5,203,332,926
1,186,701,535
+ 31.5
$7,773,389,336
Total all cities for week
issue of next week.
our
ends
1,576,166,030
$9,521,736,670
Complete and exact details for the
in
$6,390,034,461
1,748,347,334
day
week covered
We cannot furnish them
Saturday and the Saturday figures
are
we
ended May 26.
week in 1944.
same
Outside of this
clearings at this center having recorded
+19.5
as
much
as
appeai
the week
not available at time of going to press.
city there
has to be estimated.
cases
was a
according to the Federal Reserve Districts in which they
it appears that in the New York District
1,387,448
a
1,969,119
3.766,300
—70.0
6,869,800
>1364,413
6,163,300
607,641,510
12.0
628.565,636
502,848,177
+
1.838,405
891.929
*
i
j<
i
.
;
3.019.141
2,480,962
93.336.494
+ 23.5
94.434,929
193.477,636
72;327.5p2
+ 11.2
204,887,071
16.861,300
3,010,161
146,093,445
16.011,500
5.3
15.321,400
9;9Q2.80O
2,255.578
5.3
1.985,568
3,778.813
3.573,800
5.7
3.717,072
265,706.110
._IIIH
III
+ 19.5
'1,934,717
3,350,306
252,026.914
5.4
242,386,564
166,971,183
633,954,530
!
3.483,512
225,156.780
Reserve
564.165.434
+12.4
565,751,745
403,691,005
District—Richmond
1.149,550
of
2,163,253
Federal
present further below,
gain of 13.0%, the bank
are
5,794,000
ii,138.000
62,211,121
+ 21.6
1,779,022
33,329,232
275,544,272
1 616.785
1,048,441
0.8
+ 10.5
4f9;935,012
,1,822.735
—
141,731,383
42,515,658
4.7
+
6,645,000
70,543.997
145,188.636
Columbia—Washington—
(6 cit'.es).
Sixth
1,097,555
6,593,000
77,934,181
III—I
Carolina—Charleston——IIIZ
255.126,189
2.4
1,750,259
148,209,572
+ 27.6
32,217,423
25.390,708
8.0
251,230,816
182,545,227
+
+
99,641.937
ti
Reserve District—Atlanta-
Tennessee—Knoxville
13,074,132
■if
I
I
+
16.1
6.072,696
4,858,359
34,097,984
+
8.1
33,572,377
24.860,343
133,200,000
+ 12.4
108,800,000
91,'tOO.OOO
2,062,641
1,585,880
+ 10.4
n. 700, ooo
7.2
1.893,991
1,711,351
56,492,877
48.468,748
+ 16.6
41,775,619
28.779,167
56,622,439
Augusta
11.263,975
36,859,694
151.900.000
HI
Nashville
Georgia—Atlanta
51,469,613
5.310,949
+ 10.0
37,922,073
3,7,679,104
—17.4
4,645,484
35.4
140.758
174.034
;
2,276,662
Macon
we
increase of 28.8%.
an
2,195,748
+ 17.9
+26.4
115,279.000
~
Federal
Total
ings for the whole country having amounted to $11,003,613,586, against $9,056,731,107
in the
9.7
1,285,426
Virginia—Huntington
District
increase of 21.5%, the aggregate of clear¬
was an
1.288,961
\t
Maryland—Baltimore-
+ 10.9
by the foregoing will
today, in
statement, however, which
For that week there
1,122.828
4,162.366
Richmond
able to give the final and complete results for the week
previous—the week
are
489,000,000
1,252.933
1.452,965
Virginia—Norfolk
+ 21.6
$7,966,200,491
Accordingly, in the above the last day of the week in all
In the elaborate detailed
1,403,317
612,000,000
4.7
District—Cleveland—
(7 cities).
Fifth
+ 19.4
1,561,030,445
cities, five days
one
0.3
+11.0
—
5.8
South
Total all
Reserve
.1
I
Total
341,099
11,297.800
—————IIIIIII
West
Other cities, five days—;
—
398,645
+ 16.7
132,480,051
cities, five days.
Federal
Pennsylvania—Pittsburgh
+ 11.3
190,428,683
Baltimore
2,774.489
438.59,7
539.790
634,547
1,837,004
cities)
Youngstown
+ 16.4
183,829,000
159,649,984
Cleveland
All
(10
Columbus
+ 14.7
154,800,000
Pittsburgh
+
312,934
0.6
+20.7
1,514,951
Mansfield
13.6
204,672,000
San Francisco—..
1,704,811
IIIIIIIIH
Cincinnati
+ 14.3
147,906,819
1,586,124
593.000.000
1,776,815
2,505,590
HH
,
Jersey—Trenton
Cleveland
476,000,000
—:
—
Ohio—Canton
18.6
264,769,831
I—
Boston
Ten
$3,363,871,001
377,056,360
Philadelphia—
Kansas
1944
$4,109,245,147
New York
—10.7
770.211
680,652,187
Wilkes-Barre
Fourth
1945
626,716
674.468
658,000,000
by Telegraph
Week Ending June 2—
$
765,661
_IIIII
—IIIIII
—IZ
IIIIIH
■
Scranton—
Total
Clearings—Returns
559,697
„
_
Lancaster
New
1942
$
813,778
1,580,891
Bethlehem
Chester
Philadelphia
Reading—
1943
Dec. %
District—Philadelphia-
Pennsylvania— Altoona
for the week follows:
mary
Federal Reserve
Inc.or
$
$
Third
York
sum¬
1944
Florida—Jacksonville
Alabama—Birmingham
Mobile
4,387,875
Hill
Mississippi—Vicksburg
1,969,547
,1.500.006'
3.862.925
216,178
86,547,669
(10 cities).
75,956,396
+ 13.9
73,091,985
48,210,845
410,077,526
Louisiana—New Orleans
Total
+
365,575,797
+ 12.2
309,626,334
24&4,924
153,611
+
We group the cities
located and from this
(including this city) the totals register
an
J
Seventh Federal Reserve
i\
District—Chicago—
Michigan—Ann Arbor
547,014
499,952
9.4
484,847
5,110,165
5,624,785
9.1
4,607,224
3,133,102
5,028,979
—37.7
2,675,005
increase of 12.4%, the
District of 12.2%.
The Cleveland Reserve District has to its credit
an
Richmond Reserve District of 8.0% and the Atlanta Reserve
In the Chicago Reserve District the totals record
an
increase of
18.3%, in the St. Louis Reserve District of 7.7% and in the Minneapolis Reserve Dis¬
trict of 21.5%.
In the Kansas City Reserve District the totals
in the Dallas Reserve District
larger by 17.0%,
are
by 26.2% and in the San Francisco Reserve District
following
we
furnish
a
summary
SUMMARY
Districts
Reserve
12
York
New
3d
Philadelphia
4th Cleveland
6th Richmond
10
_
7
—
6
—
cities
6th Atlanta
lil
6th
F> *"•
Louis
-
.
——
Minneapolis
Kansas
17
'
1944
7
10
City.
6
10
Ban Francisco
$
1943
or
+ 12.3
$
*
3,237,578
9,306.554
7,497.834
+ 24.1
6,930.959
31,307,481
30,792,947
+
1.7
30,978,420
2,016,310
O.OOO.OQO
20.615.248
+
Wisconsin—Milwaukee
Iowa—Cedar
Des
Rapids
2,067,905
6.1
1,567,964
1,160,953
12,563,092
+ 14.5
11,982,639
6,227,362
5,806,763
+ 38.3
5,803,110
5,101,738
672,490
—
1,948,288
14,385,897
8.032,511
Moines
Sioux
$
5,025,108,815
680,652,187
607,641,510
633,954,530
564,165,434
275,544,272
255,126,189
+
365,575,797
+ 12.2
309,626,334
521,892
438,805,341
City—
Illinois—Bloomington
Chicago—
527,229,516
-
L
Total
111
I
We
now
week ended
add
410,077,526
1,322,543
549,600,446
+ 18.3
536,733,670
401,721,931
2.2
Eighth Federal Reserve District—St. Louis189.600,000
Kentucky—Louisville
136.800,000
71,004,894
63.830,569
+11.2
61,491,946
5a.6fll.692
502,848,177
47,253,583
36,626,388
+29.0
34.986,860
22,953.475
+ 12.4
565,751,745
403,091,005
Tennessee—Memphis
Illinois—Quincy
1,076,298
1.014,000
+
6.1
1,054,000
+'641,000
8.0
251,230,816
182,545,227
306,734,775
284,870,957
+
7.7
287,132,806
211,086,167
549,600,446
+ 18.3
+
7.7
Missouri—St.
Total
Louis
187,400,000
*
(4 cities)
Federal
Reserve
287,132,806
211,086,167
169,532,816
+ 21.5
169,552,599
109,800,310
259,781,092
+17.0
281,567,855
182,812,583
125.986,032
+ 26.2
116,288,545
75,836,061
North
Dakota—Fargo
520,838,472
It
481,522,415
+
8.2
442,007,011
300,323,370
South
Dakota—Aberdeen—
11,003,613,586
9,056,731,107
+ 21.5
9,360,067,058
6,099,601,192
4,734,682,625
4,188,962,408
+
13.0
4,135,944,778
3,000,896,598
Minnesota—Duluth
4.093,335
114,336,034
46,293.335
Paul
3,691,824
144,467,204
Minneapolis
St.
42,659,183
Helena
1944
Inc.
or
—
$
1942
Dec. %
Total
849,557
4
8.7
3,588,318
554,825
3,398,746
,7.0
313,796,156
241,463,691
,+ 24.4
811,656
716,408
+
364,507
+ 10.3
3,622,865
2,722,147
+ 20.0
2,620,733
11,910,629
+
13.6,
2,414,097
2,037,344
13,965,880
10,400,882
+
13.2
5,881,402
4,587,648
+
5,845,081
14,369,400
24.7
15,379,000
12,630,700
513,410
+ 10.0
509,867
373,007
367,818,604
+ 12.3
362,344,511
279,974,416
413,101,119
Second Federal Reserve District—New
•
j
Elmira_
9.2
35,194,869
York—
8.6
1,175,630
991,772
66,500,000
62,900*000
.+
5.7
56,700.000
42,300.000
867,061
+
7.2
1,031,227
:
City—
210,307,086
Colorado—Colorado Springs—
Pueblo
—
944,632
856,920
,
—-—
1
Total (10 cities)
41.866.167
2.211,080
2,719.598
+ 35.7
4.532,682
+ 18.8
197,538,012
2.5
5,592,625
•
.
—
895,216
+
662,067
+ 29.4
259,781,092
88,368
119,589
2,538,574
5.5:
v:*-''
745,167
3,800,978
126,658.147
953,956
682,241
611,276
281,567,855
+ 17.0
182,812,583
r>;T
■
Eleventh Federal Reserve District—Dallas—
Texas—Austin
2,545,202
131,312,000
Galveston
Wichita
+ 20.1
2,119,215
•
2,294,015
+28.1
92,584,901
58.835,834
+ 12.0
13,500,000
9,963,499
2,528,000
■
1,442,641
+ 22.0
1,239,243
+ 37.3
1,119,769
4,360,432
+ 25.9
4.261,860
3.015,348
158,938,258
(6 cities)
2,512,000
1,701,148
5,490,553
Falls
Louisiana—Shreveport
Total
13,336.142
3,065,000
———
Worth
102,519,000
14,824,355
—
Dallas
Federal
Reserve District—San
884,339
6,268,930.961
4,867,767,699
125,966,032
+ 26.2
116,288,545
75.836,061
—
81,174,256
+ 29.6
87,719.512
59.587.575
Francisco—
■_
California—Long Beach
6.7
1,242,378
770,801
+ 28.8
5,244.122,280
3,098,704,594
—
Pasadena
5,034,062
3,575,625
6,851,636
32.7
6,810.305
6,554.026
+
105.192,483
24,794,594
27.1
9,099.561
Washington—Seattle
6,536,444
400,761
323,242
+
24.0
285.128
292,193
26.532,173
26,181,249
+
1.3
29,459,173
1.607,000
•
v
771,739
38,893.726
+ 15.6
38,845,372
22,039,011
6.443.390,269
5,025,108.815
+28.2
5,409,265,530
3,206,567,021
Francisco
San
Jose
10,738,995
«,
—
10,496,606
'
■
+ 21.3
1,417,519
969,973
8.8
67,002,725
48.282,248
+ 14.5
26,794,743
15.869,391
—
+
5.006.153
3,300,005
282,286,000
267,049,000
+
5,697,401
5,503,425
+
2.3
6.930,509
6,475.651
+ 51.7
2,808,715
2.191,762
5.7
240,625,587
160.900,284
3.558,571
2.157,857
3.5
Santa Barbara
2,329,095
1.530,036
+ 52.2
1,282,380
830,656
Stockton
5,173,556
4,908.069
+
5.4
3.866,750
3.057,973
+
17,467,674
33,633,137
San
-
Total
(10 cities)
Grand Total (111 cities)
Outside New York
•Estimated
'
3,964,442
+
...
304,049,016
—
jk
,i
66,308,377
+ 12.1
5,943,216
•
> :
1
■
\!
3.654,696
+ 16.5
177,016,347
5,794,082
*
Joseph
.
i :1
247.924
+ 23.7
•
28,378,061
+
5,327,955
Utah—Salt Lake City
+ 17.1
cities)
2,758,285
—
698,889
4,907,603
(12
!4
109,800,310
.
■" ■' i)
146,533
+ 20.2
63,659,285
3,246.697
—
1,717,039
10,797,433
Total
71,337,948
7,229,911
i
81,049,385
5,758,876
Northern New Jersey
264,325
2,083,575
13,724,115
Jersey—Montclair_.
169,552,599
+ 38.9
3.077,739
73,953,153
Syracuse,!
Newark
148,657
3,807,579
—
Kansas—Topeka
St.
,
317,692
Lincoln
Yakima—
Rochester
New
+ 21.5
::
206,469
Oregon—Portland
10,365,106
Connecticut—Stamford
169,532,816
6,635,992
+
1,709.114
Jamestown
New
+
1,311,802
929,445
Buffalo—
8,683,614
1,424,953
Binghamton
2,970,873
York—
9,486,584
York—Albany,
679,257
3,567,343
•
Twelfth
New
+ 30.4
.
Tenth Federal Reserve District—Kansas City—
Fort
564,768
cities)
975.453
422,611
6,618,518
Hampshire—Manchester
3,789,470
2,159,462
>776,913
1,202,235
12.5
666,407
4.119,799
+
—
17,925,900
Haven
Island—Providence—
(12
613,629
1,397,134
3,144,970
—
4.3
—
—
4.3
13,532,517
-
+
206,008,991
—
Wichita
31.1
402,027
1,213,441
4.545,267
.
Worcester
Total
321,796,231
526,926
Connecticut—Hartford
New
-
1,161,717
Springfield
New
3,367,391
.
1,057,053
Bedford
Rhode
810,905
360,171,967
Lowell
New
1
(7 cities)
Omana__
$
"
3,075,490
!
+ 15.0
+ 50.8
1,178.039
28.026.166
—
Missouri—Kansas
Massachusetts—Boston
2,684.122
1,194,144
1,325,593
4,942,743
3,347,216
71,836,403
40,354,939
2,771,214
8.5
1,800,537
Hastings1943
■'■it.
■
3,966,712
116,694,703
+ 26.4
•
776,086
-
+ 10.9
+
3,086.244
;—..
Nebraska—Fremont
District—Boston
Maine—Bangor
+
District—Minneapolis-
158,938,258
II
183,400,000
•
Ninth
304,049,016
$
River
>3,709,515
'1,407,963
2,025.142
<t
3,206,567,021
'
Fall
4.484,904
2,959,965
+ 69.5
+ 32.4
650,324,111
(17 cities).
206,008,991
Clearings at—
Portland
6.4
1.881,323
1,611,705
628,565,636
May 26 for four years.
Reserve
+
3,188,591
5,409.265,530
Week Ended May 26
Federal
.6.381,888
362,039
+ 28.2
284,870,957
1945
First
4,332,654
,
+ 12.0
detailed statement showing the figures for each city for the
our
322,241,308
1,413,570
279,974.416
306,734,775
41
44
—-
425,797,329
9.4
362,344,511
650,324,111
>
«•
cities
504,349
+ 20.1
—
2,133,328
-
Montana—Billings
Outside New York City
+ 28.9
1,646,367
401,721,931
,
'
„
1,491,803
6,787,739
242,994,924
536,733,670
M
•-
+
—
1943
6,443,390,269
44
••
Inc.
Dec. %
■
4
_
11th Dallas
12 th
20,429,627
1.4
Total
367,818,604
«
10
.4
7th Chicago
6th St.
28,321,000
+
Springfield
413,101,179
46
la
10th
2,964,665
+ 24.0
3,518,247
Indianapolis
Rockford
by Federal Reserve Districts:
BANK CLEARINGS
$
12
Boston
2d
OF
1945
Week Ended May 26—
1st
+ 16.3
3,566,810
Haute
-
Indiana—Fort Wayne
Peoria
the
liuciat
2,723,133
22,747,000
Bend
Rapids
Lansing-—
Decatur
by 8.2%.
In
3,168,205
28,195,000
South
Terre
phia Reserve District of 12.0%.
i 336,647
2,841,523
2,434,334
2,132.067
Grand
improvement of 28.2%, in the Boston Reserve District of 12.3% and in the Philadel¬
520,838.472
481.522,415
8.2
/ 442,007,011
300.323,370
11.003 613.586
S.09G.73H.107
+ 21.5
9,360,067.058
6.099.601,192
4,734,682,625
4,188,9(12,408
+
13.0
4,135,944,778
3.000.896,598
I
THE
CHRONICLE
FINANCIAL
COMMERCIAL &
Monday, June
:
.
4, 1945
2482
,.:.V
and Issue—
Company
Date
Foreign Exchange Rates
FOREIGN
Noon
Country and Monetary
^ °P
CERTIFIED BY
Unit
May 28
$
$
Free
.297733*
.251247*
.251247*
Australia, pound
,051802*
Free
Canada, dollar—
*
.909090
.906875
.909090
.906171
.907500
.906875
.569800*
.569800*
.569800*
.569800*
.909090
Official
^mwi t
'
Colombia, peso
.301215
.301215
.205820
.205820
Newfoundland, dollar—
.909090
.904375
.904375
.903958
3.244203
3.980000
Zealand, pound
Union of
South Africa,
pound.
3.980000
3.980000
3,980000
Uruguay, peso—
V
.658300*
.542650*
.658300*
.542650*
.658300*
.542650*
Controlled—————
Is uncontrolled—,.
•
1
.542650*
DiGiorgio Fruit Corp., 7% preferred stock
Dumbarton Bridge Co., 1st mtge. 6l/2s, dated
(In
«
(+) or Decrease
(—) Since
May 31,
May 23,
Increase
May 30,
Assets—
certificates on hand and
U. S. Treasury-—-.
due from
Redemption
Othtr cash
12,995
—
11,381
695,094
+
248,091
fund—F. R. notes..
—
6,797
8,411
U. S. Govt,
securities:
Notes
-
Bonds—————
?i£;
65,843
+ 148,600
11,100
+
648,907
+
7,489
—
4,598,429
2,679,821
+
+
21,912,836
112
82,076
1,727,261
34,174
62,005
foreign banks
of other banks—
Uncollected Items
F. R. notes
premises
Other assets
93,857
+
254,937
-
42,178,114
7,413,729
+
5~267
—.
59,204
—
17
—
2,374
+
24
+
17,660
+
—
—
213,363
627
6,228
notes
„
Member
bank—reserve acct._
U. S. Treasurer—gen.
j
acct.—
Foreign
—
+184,412
+
83,840
15,371,392
+
254,744
425,501
459,676
17,415,649
% Total deposits—:
items-
1,381,906
incl. accrd. divs—
12,370
Deferred availability
Other liabs.,
I
Total liabilities
f
41,654,812
—100,731
—
—
168,145
228,153
27,165
+4,313,091
+
+
2,325,817
118,017
55,076
+
+ 180,925
+
2,116,343
82,424
517
+
128,022
+
+
+182,858
+6,559,686
68
10,874
40,056
200
1,486
24,832
+
184,412
+6,635,648
4,320
+
61
__
7
+
56
1,218
Government
7
+
7
+
+
210
+
5,071
605
;
domestic banks
Balances with
22
+
18
+
+
90
+
616
+
4,547
+
12
+
1,722
deposits-adjusted
Demand
40,516
s—
8,407
±
9,1996
4
.+-
132
+ 206
+
435
Borrowings
Debits to demand
.3%
deposit accounts except
S. Gov't accounts,
14,986
364
Condition Statement of Member Banks
of corporate bonds, notes,
common
NOTICES
TENDER
OF
stock
common
$616,000,000 in demand deposits adjusted, and $206,000,000 in borrowings; and decreases of $449,000,000 in United
States Government deposits and $259,000,000 in deposits
credited to domestic banks.
Loans to brokers and dealers for purchasing or carry¬
States Government obligations increased
$200,000,000 in New York City and $209,000,000 at all reUnited
XDorting member banks.
Holdings of Treasury bills declined $89,000,000 in the.
Chicago District and $181,000,000 at all reporting mem¬
ber banks.
Holdings of Treasury certificates of indebt¬
edness declined $62,000,000 in New York City and in¬
creased in most of the other districts; the net increase
reporting member banks was $7,000,000.
Holdings
of United States Government bonds increased $141,000,000 in New York City and $210,000,000 at all reporting
at all
member banks.
mortgage 3%-6%
General mortgage
trict, $50,000,000 in the Chicago District, $48,000,000 in
the Cleveland District, and $616,000,000 at all reporting
United States Government deposits de¬
clined in nearly all
districts.
Deposits credited to domestic banks declined $96,000,000 in New York City, $61,000,000 in the Chicago District,
$259,000,000 at all reporting member banks.
reporting member banks in¬
creased $206,000,000 during the week, and on May 23
amounted to $635,000,000.
A summary of the assets and liabilities of reporting
member banks follows:
and
Borrowings of weekly
Jun
refunding 4s, due 1953
Company and Issue—
-t
Date
4%% bonds due 1957.July 1
1st mtge. 4Vis,; due 1951
American Machine & Metals, Inc., 15-yr. 4>/a%
American
due
Paper
Steel
Bethlehem
Co.,
6%
consol.
Corp.
mtge.
1959
due
bonds,
July
series F,
J
juiy
_
.
3(4s,
,v
33b%
*
1
1763
series E bonds due 1969—
Aug
i
•>
1
Inc.,
—
Lehigh
Coal
mortgage
1st mortgage 5s, due
& Navigation
bonds
Co.,
1947
fund. &
4%
*
Jun 15
bonds
(Morion
collateral),
j,
due
]_juiy
1960~~Julv
1952
3%
Eastern
bonds,
Pipe
Line
series C,
Co..
due
1st
1540
2331
mtge.
2110
*
2221
j
cog
1
222?
i
1
2002
l
2112
5s
1962.
2004
1st
1
*
1
2337
Dodge Corp., 3 ('2%
debentures, due 1952— Jun 15
Philadelphia Co., 4(4% collat. trust bonds due 1961— Ijulv 1
2(m
Phelps
England Theatres, Inc.—
bonds, due 1958
mortgage
Portland Gas & Coke Co.—
lien
Warner
Bros.
and
general
Pressed Steel Car Co.;
mortgage
Inc., 5%
jUn
4
• ••-
.
4('as, due 1950.
debentures due 1951
in
_Jun
July
1
—July 18
Jun 29
July
Inc.,
this
2378
.+
stock
Theatres,
•Announcement
4%
debentures
serial
issue.
§Upon
presentation.
^
DIVIDENDS
tables. In the
announced the
nj
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
^
Dividends
are grouped in two separate
bring together all the dividends
we
current week.
Then
we
follow with
second table
a
declared...
The dividends announced this week are:
Industrial and Miscellaneous Compania*
V'YV
Glove Works, Ltd., 6(4%
Advance Aluminum Castings
Aetna
'
Name of Company
Acme
'
(s-a)-
pfd.
Casualty & Surety Co. (quar.)
Engineering—
5%
Aetna
preferred
Life
(quar.)
Insurance
*
211a
■
8
1
*
(quar.)
Wfien
PC
Payable
Share
nX
01
7- 2
+$3.25
12(4c
62(4c
6-25
7-2
$1.25
30c
6-30
6-30
6--
7-2
®-
834c
6-30
6-0
7-2
£-g
Canada, 5% pfd. (quar.).
(quar.)___—5c
Board Co. (irregular)50c
7- 2
6-1'
Dye
Aluminum
Co.
Am!v!Can
American
of
Cable,
common
preferred (quar.)___
American European Securities Co.
American Factors, Ltd.
I
&
Pelt,
1st preferred
$6 2nd
$1.75
Co" ^ Preferred <quar.)
Chain <fc
5'/»
6%
$1.50
t$1.25
(quar.)
Sugar
American Box
-
40c
2 (4c
——
} fn. Electric & &
Equipment (quar.)„
Chemical
Hair
2225
_
Co.
Ahlberg Bearing, class A (quar.)
Allegheny Ludlum Steel Corp
Amalgamated
Sep
1st
preferred
..
prior preference stock
A lied
—Jun 29
and
.
7%
2333
July
1st
2269
-
Waltham Watch Co.—
2333
July
mtge
Mfg. Co., Ltd., 1st mortgage 4Vas, due 1956..,
Poli-New
2154
refunding mortgage bonds, series B, C and D.Jun
2218
July
Ltd., 1st mortgage bonds, due 1953
Oregon-Washington Water Service Co., 1st
series A, due 1957
Paton
4
1st lien & ref. mtge. 3%% bonds, series A, due 1966_July 9
Wagner Baking Corp., second preferred stock—.—
July 1
*
Aetna Standard
joint
Moirs,
Panhandle
2217
improve
Louisville & Nashville RR., unified mtge. 4s, due
Louisville & NashVille RR.—L. & N.-Southern 4%
lien
*
mtge.
Press,
2268
2376
2269
Corp.—
Virginian Ry.—
first
2a%% series G bonds due 1974—
Aug
i
4(4% preferred stock——.a—
Jun 15
Denver Tramway Corp., gen. & ref. mtge. bonds, ser. A,.
due 1950 _——.—%——
_July 1
Fairmount Park Transportation Co.— •
1st mortgage 5s, due 1957
I
July l
General Steel Castings Corp., 1st mtge. 5s, series A_I_Ijuly
1
Hartford Times, Inc., 3'/a% debentures, due 1950,—Jun 21
Inter-City Baking Co., Ltd., 1st mortgage 5Vas, series A_July 1
James Morrison Brass Mfg. Co.—
1st and general mortgage 7Va% bonds, series A
July 1
Kansas Power & Light Co., 1st mtge. 3 (4s due 1960
July 1
First
Cuneo
Utilities
2325
1
Cincinnati Union Terminal Co.—
First mtge.
607
2152
Page
mtge.
gen.
—
—
—
July
2339
*
deben¬
I
1959
Writing
1961
Jun 18
2116
2158
2153
2152
5
k
Gas Co.,
due
Public
collateral trust bonds, series A, due 1960
collateral trust bonds, series B, due 1960
5(4%
6%
2114
15
REDEMPTION
Aberdeen <fc Rockfish RR. serial vef.
tures
2328
2334
4
1887
July 1
July 1
6%
„
——Jun 11
Co.—
bonds, series A, due 2039—Jun
PARTIAL
Alabama
United
Association of St. Louis-
Lafayette Hotel Co.,
deposits adjusted increased $421,000,000 in
York City, $53,000,000 in the San Francisco Dis¬
Demand
member banks.
Transportation
Philadelphia
Terminal RR.
Page
1762
Date
_Jun 30
Rock Island & Pacafic Ry.—
^
Memphis RR., 1st mortgage 5s, due 1949—Jun 30
Sugar Co., 20-year s. f. bonds, due 1957
Manati
5% bonds, due 1957
July 1
Service'Xo., 1st mtge. 5s, due 1960
Jun 8
Light Co.—
1st mtge. bonds, 4%% series due 1965——
Jun 28
1st fij ref; mtge. bonds, 5%
series due 1956—.
Aug 1
6% gold debenture bonds, series A, due 2022
July 1, '47
Textron, Inc., 5% conv. debentures due 1959
—Jun 30
Thermoid Co., 1st mortgage 4(4s, due 1958_
—
Jun 15
Thompson Products, Inc., 5% preferred stock.—..—Jun 18
Tide Water Associated Oil Co., $4.50 preferred stock..July
1
Union Gas System, Inc., 15-year 5% notes due 1956„_Jun 15
1st and
T
General Corp.,
2115
"
Virginia Electric & Power Co.—
Company and Issue—
American
2115
Texas Power &
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."
and
preferred
Carolina Power Co.—
Texas Electfic
Notices
Below will be found a list
5
•
1st lien & ref. mtge.
Redemption Calls and Sinking Fund
Consol.
weekly reporting member
banks of the Federal Reserve System in 101 leading
cities shows the following principal changes for the
week ended May 23: Increases of $188,000,000 in loans,
The condition statement of
212
1247
Lumber
RR.,
,
South
11.6%
262
2224
July
Gen. & ref. mortgage 4(4%, series A and B, due 1997-July
1
Republic Steel Corp., 6% convertible preferred stock
.Jun 30
Savannah Electric Co., 1st consol. mtge. 5s, due 1952
July 1
Shamokin, Sur.bury & Lewisburg RR.—
2nd mortgage, 5s, due 1945..
July 1
Sheridan-Wyoming Coal Co., Inc., 1st mtge. 6t> due 1947^.July 1
Shippers' Car Line Corp., 5% preferred stock
Jun 30
Simmons Co., 4% debenutres, due 1952
July 16
Solar Aircraft Co., series A preferred stocky
__July 16
1,132
U.
and
interbank
_
_
+
»
313
mortgage series C 33/4% bonds due 1970
Aug 1
Corp., 4%
debentures..__t
____July 1
1st consol. mtge. 3VaS, due 1951—
July 1
& Gamble, 5% preferred stock
Jun 15
Procter
+
635
1
2337
Reading Co.—
133
—259
1.017
J
General
—
_
1319
2335
1
of Toronto, Ltd.—
1948
Co.
mortgage 4 (4s, due
Portland
—449
-k
2001
2110
2110
Pennsylvania RR.—
5,387
—
Choctaw &
New
1st
Pickering
Tifhe deposits;
U. S. Government deposits
•
2110
14
Parisian Laundry
1,160
46
+
1999
Chicago & St. Louis RR.—
York,
Toledo, St. Louis & West. RR., 1st mtge. 4s, due 1950_Oct
New York Power & Light Corp., 7%
and $6 pfd. stocks.Jun
172
38
+
Liabilities-
Chicago,
ing
New
—107
-
2,123
+
1
+
—
2109
National Steel Corp.,
294
—
+
339
3,039
»
2219
debentures due 1949
—....
Jun 29
2(4%, 2(4% & 2:%% serial notes.Jun 30
3(4%
7-year
263
2218
Products Corp.—
National Distillers
1,888
+
10,216
Federal Reserve Banks
Cash in vault
+
23,209
Other securities
q8i
2331
—1,215
—181
'
7,357
10,774-::
of indebtedness
2,230
—
+
45.6%
52
26
5
66,937
+
42,178,114
trial loans
2
394,428
—
99,839
accts._
Ratio of total res. to deposit &
P. R. note liabilities combined
Commitments to make indus¬
Total liabilities & cap.
.
Other loans
\+6,635,648
28,164
—
Capital Accounts-
Capital paid in—
Surplus (Section 7)
Surplus (Section 13b)
Other capital accounts
+
—
--
4—
Interbank deposits:
22,844,887
1,159,080
294
1,389
Foreign banks
Deposits:
262
+
100
333,625
—
+
6
362
Treasury bills—
Reserve with
2
1,046
banks
Treasury notes
t LiabilitiesFederal Reserve
obligations
Other securities
Treasury certificates
+6,772,311
+
—
581
U. S. bonds—
+
774
carrying:
Real estate loans
172,314
—
116
+
832
U. S. Government
1,357
+ 209
1,446
Other securities
Obligations guaranteed by U. S.
securities
Total assets
—1,002,225
—
21,023,000
Due from
Bank
13,064,097
5,827,311
1,016,450
1,115,142
16,985
+
7
for pur¬
chasing or carrying:
U. S. Government obligations
Loans to
securities
(incl. guar, sec.)
Total loans and
290
—
r,IHs
Certificates
Total U. S. Govt,
161,370
+
—
•'4,302
Industrial loans——
339,420.
+
dealers
and
brokers
to
Loans
.
188
—
5,790
—
—
Other loans for purchasing or
—
18,359,650
88.5,534
Total reserves.
Discounts and advances
loans
—1,324,660
—
industrial, and agricultural
Commercial,
l
1
due 1953
July 14
preferred stock—Jun 25
Georgia Power & Light Co., 1st mortgage 5s. due 1978—July 1
Goodrich (B. F.) Co., 1st mortgage 4V/4S, due 1956—Jun
4
Graham-Paige Motors Corp., 7% preferred stock.
Jun 30
Houston Oil Co. of Texas, 4(4% debentures, clue 1954
July 1
International Salt Co., 3(4% debentures due 1951
July 1
Interstate Debenture Corp., debentures due 1955
July 1
Johnson Fare Box Co., 1st mortgage 6(4s__.
July 1
Kansas City Southern Ry.,
ref. & improv, mtge. 5s,
due 1950
T-i—
July 1
Lehigh Coal & Navigation Co., consol. mtge. 4 (4s, ser. C.July 1
Funding and improvement 4% 50-year gold bonds
July 1
Los Angeles Pacific Co., 1st ref. mtge. 4%
bonds, due
1950
—
July 1
Mersey Paper Co., Ltd., 1st mtge. 5s, series A, due 1957-Jun 15
7,242
+
11,546
Loans—total
1944
1945
1945
17.416,465
Investments—total
Loans and
thousands of dollars)
+
1545
2330
secured serial 3+8% notes,
General Water, Gas & Electric Co., $3
$
+ 254
57,482
2107
1
RR.,
Erie
1944
$
July
1925
1st consol. mtge.
Erie RR.
May 24,
1945
1945
Assets—
2217
1950-July 1
—July 1
bonds, series B
:
July
4% bonds, series B, due 1995_July
mtge. 5%
(+) or
(—) Since
May 16,
May 23,
Combined
Reserve Banks
Increase
154Q
2319
Light & Power Co., ref. and first collat. •*
Eastern Oregon
Decrease
un¬
Co., 1st
.
Coip.—
mtge. bonds, series A, due
Tramway
Denver
(In millions of dollars)
U7fi
l
July 1
Consolidated Electric & Gas Co., coll. trust 6s due 1957_July 1
Consolidation Coal Co., $2.50 preferred stock
Jun 21
Crane Co., 10-year 2(4 %
debentures, due 1950
Jun 30
1962
due
5s
lien
.658300*
12 Federal
1
Pacific divisional 4% bonds,
Light, Power & Traction
Cities
consolidated
•Nominal rate.
Gold
July
—
—
u7r
1969
General & refunding
Statement of Condition of the
1C5,
1
July
1969
mtge. Sioux City &
due
3.980000
.542650*
July 1
.—July
clue
3,244203
.658300*
ion,
1
bonds,
1st
.905416
3,244203
3.244203
Free
9
Aug
1st
.909090
.905000
3.244203
Official
New
.909090
.909090
.909090
Holiday
jUn
1st & gen.
.205820
.205820
Cj
"[it'
15-year
.301215
Mexico, peso
North Western Ry,—
collateral 4% notes, due 1954
mtge. 4s, series A, due 1989——,
mtge. Des Plaines Valley divisional 4%
p™.
1
1
Chicago &
.569800*
.301215
.301215
.205820
.907968
4,035000
4,035000
4.035000
4.035000
4.035000
England, pound sterling
India (British), rupee
.909090
.909090
l
juiy
July
Burdines*
.051802*
Holiday
.051802*
30
30
Date
July 1
and Issue—
Bemberg Corp., 7% preferred stock
Inc., preference stock—
Burns & Co., Ltd., 1st mtge. 5s, series A, due 1934
Central Illinois Electric & Gas Co.—
1st mortgage 3%s, due 1964_
Chicago, Burlington & Quincy RR.—
1st & ref. mtge. 3%% bonds due 1974
American
.060602*
.060602*
i
ENTIRE ISSUES CALLED
Company
.251247*
3.228000
3.228000
,
$'
$
.2977^3*
.251247*
.060602*
.051802*
.060602*
.051802*
.060602*
Official
;
$
.297733*
3.228C00
3.228000
3.228000
Brazil, cruzeiro—
.
.297733*
.251247*
Official
$
.297733*
Argentina, peso—
May
May 30
May 29
$
May 26
May 25
New York
Buying Rate for Cable Transfers In
Value in United States Money
1
1
738
^9
15
'
39
4
due 1973—■
—_Jun 22
Superior Oil Co., 3(4% debentures due 1956
jun 25
Terminal RR. Association of St. Louis ref. and impr.
mtge£ 3aaS, series B, due 1974
July 1
Bank is now cercable transfers in the different countries of me
EXCHANGE RATES
"
—Jun 15
due 1962
July
Schenley Distillers Corp., 5%% preferred stock_
jun
Schulco Co., Inc., guaranteed 6% bonds due 1958—
jUn
Shell Union Oil Corp., 2(4% debentures, due 1954
juiy
Sheridan-Wyoming Coal Co., Inc., 1st mtge. 6s due 1947_July
Socony-Vacuum Oil Co., Inc., 2Ta % debentures due 1955 .July
South -Carolina
Electric & Gas Co., 1st mtge. 33'8s
1930 the Federal Rese^e
requirements of Section 522 of the Tariff Act of
tifying daily to the Secretary of the Treasury the buying rate for
world. We give below a record for the week just passed:
Pursuant to the
p.
'
Service Co. of New Hampshire—
1st mortgage 3 (4s, series A, due 1973
Sao Paulo Electric Co., Ltd., 1st mtge. 5s,
Public
preferred
_
I
-
25c
30o
common
(quar.)
(quar.)
50c
$1.25
_
12V4c
$1.50
$1.50
6-20
8- 1
« .
''.fi
6-15
7- 2
6-15
6-15
6-22
6-15
7- 2
7- 2
7- 2
.
>
J-
^
20
»0(}
c-
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4391
161
Volume
2483
•
at
>
Per
Share
Name of Company
Electrical Manuiacturing
25c
$1.12*^2
6-20
7-14
6-
30c
$1.50
7- 2
7- 2
6-15
6-
9
37>/ac
6-14
6-
1
7- 2
6-20
7-
(irregular) —
Automobile Insurance Co. (Hartford) )quar.)
Manufacturing Co
Co.," 6'* preferred A (quar.)______
Asphalt Corp
,—
Basic Refractories Inc
Bastian-Blcssing Co., common <quar.)„—
$5.50 preferred iquar.)
—
Axelson
Baldwin
Barber
6"30
6-
1
Corp
-
Beneficial Loan Society.
Electric, $6 preferred (quar.)—
preferred (quar.)_—
Co. (quar.)
Birmingham
$7
Bishop Oil
Extra
Brass Corp._.
&
Aluminum
Bolin
6-18
Corp., preferred
8- 1
6-29
50c
preferred
6'/c
6-20
Ewa
5-26
^Buffalo Bolt Co. (quar.)——
Butdine's®; Inc., $2.80 preferred
Burlington Steel Co., Ltd. (quar.)
7r/c
$1.50 preferred class B (quar.)__37Vic
Fanny Farmer Candy Shops (quar.)
37Vic
7- 2
6-
9
Fedders
6-15
6-15
6-20
McCrory
Petroleums, Ltd. (interim)
Fenton United Cleaning & Dyeing
(quar.)__,
$3c
6-30
6-20
Mengel
Fifth
2
6-
Foote-Burt
5
Ford
5-24
6-
Fostoria
6
Fox
6-15
6-16
Fox
6-16
Frankenmuth
7- 2
6-14
7-2
Luxe
5-31
6-15
Frankfort
6-15
Galvin
American
General
Box
6-11
General
Electric
7'e
6-15
Glen
6-
Globe
Aldcn
6-
6
Green
6-15
pfd.
(quar.)—
6
Natural Gas
Canadian Western
7%
Heat Sz
6-15
6-20
130c
7-
120c
7- 2
——
1
-
™
Casbidy's, Ltd., 7%-. preferred
Trkctor
Co.
(accum.) —_j_
(incredsedt — —
t$l>75
75c
13c
Central ^atrtcia Gold Mines, Ltd./(quar.)-.Central Steel
Wire
&
(quar;)_
pfd.
Co.; 6
,
^
6-
6%
(quar.)
Wire
(W.
6-15
Haloid
6-
6
5-29
(irregular)
6-
2
8-15
66-
5
9
6%
pfd. (quar.)
Instrument
6%
Climax
Corp.,
Co.
Molybdenum
Clinton Water
Works,
Clorex Chemical Co.
Columbia
(quar.)_—(quar.)
common
participating preferred
$1
Extra
(quar.)
preferred
7',>
(quar.)
Baking Co.,
7- 2
6-
6-23
6-
Alcohols,
Ltd.,
(quar.)
common
7%
9
ville,
Ky.)
$6
preferred
7"j!?
6-11
15c
(quar.K
Commonwealth & Southern
1
7-16
25c
6-15
$1.25
6-2/
$1.37 Va
7- 2
"
$6 preferred (quar.)—
$7 preferred (quar.)—---
®Lj>0
\'I
(quar.)_
i- 2
1",:
$pc
62M
COmpo Shoe Machinery, common
6"15
Consolidated Edison Co. of N. V.—
*1
'
$5
preferred
Consumers
Gas
$5
preferred
Co.
(Reading.
David
(quar.)—
(quar.)
Corp.
& Fisher
class
$2
Stores
preferred
&
Pa.)-
Co.
Mills,
A__
common
Frere, Ltd.,
class
A
(quar.)
preferred
(s-a)
—.,
pfd.
(quar.)
Dempster Mill Manufacturing Go._.
Denver Dry Goods, 4%7f preferred (quar.)
Denver Tramways'; 1st preferredDenver Union
Stockvards, 5Vs f/< pfd. (quar.)
Detroit Steel Corp.
—
$1
$1.50
$1.12^
51.25
$1.37 2
25c
com.
(increased)35c
(ihcreased)_—^—^._^_i..i-^:—35c
—
&
Class B
Almy Chemical,
$4.25 preferred
(initial
6-3U
1- 3
$S2.50
2
—i- 2
$1.50
/- •«
2?c
7-2
25c
6-15
——
Delaware Fund, Inc. (quar.)
Delaware Power & Lt. Co., 4'r
Dewey
6-18
8-
quar.)
Doernbecher Manufacturing Co. (irregular)
Dominion Dairies, Ltd., 5% pfd. iquar.)—
$1.06'1
20c
t'44c
6- 1
7- 2
^
6-
8*
Nestle-Le
5
Newark
National
1
Oil
8-15
6-1
6-I0
6-15
6-15
'-20
e"^J
'-lb
6-15
7- 2
6-15
6-11
7- 2
7- 2
7- 3
7- 2
6-29
7- 2
4
6-20
5-31
6-
1
6-15
6-15
6-
1
6-11
6-15
6-15
6-30
6-19
6-30
5-31
Co.. (quar.)-
Ball
Hubbell
(Harvey).
6%
6-13
6-11
8- 1
7-16
6- 1
Park
Ideal
Cement
6-
1
6-
1
Co.
6-20
6-20
6-
4
6-
4
6-12
7- 2
6-15
Industrial
4
8
6-15
6-16
6-15
6-20
6-20
6-
1
6-11
5-19
6-15
6-15
5-19
6-
5
6-30
-
(John 1 Shoe Corp.—
61.
preferred (accum.)
Jamaica Water Supply Co., common
5-31
5-31
7-
6
6-
5
6-30
(quar.t
E.) & Co.
Common
(quar.)
—
6-15
5-31
1
5-31
1
7-
5-21
5-21
2
7-16
y
6-21
37 Vac
6-30
6-28
6-15
37>,ac
7-
2
6-15
t50c
7-
2
7-
2
$2
7-
2
50c
7-
2
6-14
15c
6-15
6-
$2.25
6-
7-
8
6-15
6-15
6-
2 '
2
6-
9
13C
8
6■
1
5-31
*-
6-15
6-30
6-
7-
6-11
2
5
6-15 V
6-
t50c
8-10
5-31
10c
6-25
6-
$1.12 Va
6-15
6-1
5
1
6-
1
$1.50
6-
1
t$1.50
6-
1
5-25
5-25
5-26
;
6-23
6-
0
6-
s
8
6-11
.
'
$1,12 Vi
.6-15
6-
6-15
6-15
7-
9
6-
7- 2
8-15
9
6- 5
5-31
fc-31
;
3
6-15
6-10
6-31
7-
2
6-15
7-
2
6-15
6-20
6-
9
1'
37 V2C
7-
1
26c
7-
1
$1.25
'7-
$1.25
8-
1
'7-lG
$1.75
7-
2
6-11
37 Vac
6-30
6-20
$1.12 V,
....
7-
7-
2
6-20
6-20
6-15
...
6-15
(quur.i
preferred
i
6-15
V 6-15
I a
^
6- 1
Planters
5-30
7- 3
6- 8
Nut &
preferred
8
(4%
Chocolate
preferred
River,
2nd
Public
Service of
5-29
6-30
$6
preferred
Public
o
«
/- 2
,6-4
6-20
*
7- 2
6-20
Ray-O-Vac
7-2
4
Riegel
$1.20
6-
o-.su
7
5-21
6- 1
Riverside
r»"J
2oc
25c
5%
(N.
...
6-15
6-30
1
6-12
5-31
6-11
6-30
6-15
5-28
7776-
6-11
6-15
6-
1
5c
50c
2
Z
2
5
6- 9
$1.50
25c
7-16
6-11
20c
8-1
6-11
6-11
5-29
6-
4
7-
2
6-
1
'
quar.)
-
:r
12,2c
"
~
7- 2
6-15
4
7-
2
6-20
$2.50
7-
2;
6-20
7-
2
J
6- 2
6-20
6-15
6-15
7-
21
6-
1
25c
preferred...
$1.50
—™__ .
...
Works,
6':<>
pfd.
(quar.)„_
River
Co.
25c
7-
5-31
•;
5-31
Cotton
Mills,
(s-a)
....
—
'
2'
$1.50
7-
46-15*
6-
6-15
7-
2
60c
;■&
6-
'V
7-2
25c
7-
6-
..
7*
6-15
2
7-
5
-
6-21
•
6-14'
20c
$1.12 Va
2
6-11
2
u.
$3
Telephone
2
3-15
1/
M.i
6-12
Inc.—
—
;
2
7-
25c
(s-a)
6-30f
$1.37 Va
50c
.....
2
*
6-15
6-11
25c
6-25
(quar.)—.
6-30
preferred (quar,)..
—...——
Ryan Consolidated Petroleum Corp. (s-a)—.
St. Louis Public Service, class A———.
f$1.75
6-30
10c
6-25
6-11
25c
6-15
6-
25c
Russell
Co.
—
Industries,
Ltd., common
7'ih
B
Class
St.
5'r
'
$2.50 prior pfd.
2nd preferred (quar.)——
Regis
Paper,
Scovill
(quar,)—„
....
Securities
5%
Corp.
share
of
$6
preferred
6-15
1
6-15
6-
62JaC
7-
2
6-
9
$1.25
7-
2
6-
9
3c
1
6-15
6-
30c
7-
2
6-15
7-
2
6-
4
quar.t——————
31V4C
7-2
6-
9
—
SI.75
6-30
——
$1.50
6-30
5
com. (stk. div.i—
International Utilities Corp.
for
preferred
6-15
Corp.—
(initial
fractional
$7
if
General,
cdmmon
for
;
$1.50
Co,, $6 preferred
Acceptance
preferred
Securities
One
Electric
6-11
*
(quar.t.
Brewing Co.——————
Manufacturing Co. (quar.)
Scranton
cash
6-15
5
7-
t30c
7-18
.
0-
$2.50
$1.25
Schmidt,
$1-37/2
$1-50
$1,75
9
6-15
6-15*'
$1.50
...
...
Ruberoid
6-
6-
i
6-15'
of Oklahoma—
6-15
7-1
6-25
7-2;
6-30,,
$1.25
preferred
•
150 %
Hampshire—
6-13
"-3U
4 Va %
1
Y.)—
(quar.)
Metal
Riverside
(s-a).
.....
& Trust Co.
(initial
Dan
6-15
$5c
pfd.
Corp., common....—.
class A (quar.)
—
Roeser & Pendleton, Inc
6-15
—
50c
$1.25
15c
«fc
6-
2
$37 Vac
6%
preferred
Rochester
Corp.—
$L75
(interim)
<s-a)
New
Water
Paper
6'\>
—
Ltd.
Reynolds Metals, common ......
5Va '/o preferred (quar.)
Richmond
2
7-
30c
(quar.)_
Co.
7-
60c
6-11
*
Hosiery,
Co.
Co.
#-11
AI6- 9
$1
dividend!
Co...
(quar.)
Service
3
6-30
i25c
(stock
iquar.)
preferred
Richardson
6-
(quar.)
...
preferred
7-
*
Bank
Quarterly
2
$2.50
(quar.)
preferred......
Products
preferred
Public National
2
7-
$2.50
(quar.)„_™_.™„„.
Ltd.,
Wabers
Progress
$5
Co.
7-
$1.75
.....
Manufacturing Co.
Sulphite & Paper Co,—
6-15
6-12
$1
-
Atwood
Huron
$5
6-
7- J
75c
9
6-1!)
(quar.)
preferred (quar.)..
Co., $5 pfd. class B (s-a)
Port
6-
(quar.t
(quar.)
$1.75
6-15
$i.03,/s
6'* preferred (quar.)Joseph & Feiss Co. (quar.t —
Kalamazoo Stove
Furnace Co. (quar.)—.
Kansas Nebraska Natural Gas—
preferred
7fm
Republic Steel,
(quar.)
8
2
7-16
$ 1.37 V,
(quar.).:
(quar.)
6-30
$1.03,8
Central Power & Light Co.—
preferred (quar.)
6'f
preferred (quar.)_r——
7'r
preferred (quar.)—
—————
Johansen Brothers Shoe Co., Inc...————
Jones & Lamson Machine—
6-
50c
Pittston
5%
5Vz'.'r
Water Works,
2nd
Hon-cum.
2
5-21
Co.
preferred
Common
Prentice
*,««,/
(quar.)
8
7-
5c
Pittsburgh Fort Wayne & Chicago
8
6-15
Jersey
S5
$4
1st
Powell
25c
preferred
(C.
$4.50
5-31
"5^
(quar.)
Co., 7% pfd. (quar.),._
Interstate Hosiery Mills (quar.)
Investment Co. of America
(quar.)
Joplin
Works, 7'/<>
Stove
Propper-McCallum
preferred
Jamieson
Water
6-11
.
International Silver
$5
Peoria
5-15
87/2c
Chemical
6-
$1.12'a
(quar,)6%
preferred (quar,)......
Pennsylvania Power Co., $5 pfd.
6-
Irving
6-22
Preference
20c
®1'5°
¥50c
.
7-16
S1.06V4
common
Common
6-
of Lynn—
Common
4'>
pribr preferred
(quar.)
6-20
—
7(1
preferred (quar.tInternational Minerals &
Credit Corp.
50c
Pennsylvania Glass Sand Corp.—
6-2.J
19°
8
5
conv.
6-11
75c
8
6-20
$5.50
7- 2
6-26
6-2
fquar.i
6-
6-15
2
investors, Inc.—
Laundry
Proprietary Mines,
—
6-
6-20
(Minn.),
7- 2
7- 2
6-30
6-30
2
Industrial
5f/r
Co.
'6-
j»3
414<!,■
5-31
Power
50c
--Oc
40c
preferred '(irregular)
Acceptance Corp., Ltd.—
preferred (quar.)
6-27
2
7-
I8V4C
6-15
Michigan Electric—
&
9
7-
37VaC
Perfection
(irreguiari
prefe'rYed
9
6-
7-16
'
5" J
Inc.-—
6-
6-20
Philadelphia Dairy Product/; Co.—
(quar.)
(quar.i
6-15
50c
$1.75
tSl.25
(quar.)
Pacific-American
Gas
Common
$3
Indiana
Debenture
$4.25
Plume &
preferred (quar.)
& Chemical Corp.—
4 i/B
Tail
<te
6-15
25c
Municipal Water Co.—
Indiana
Loan
6- 2
;50c
common
4
50c
6-14
(quar.)
Inc.
1
6-
$1.25
Oneida, Ltd., common
6r/b prelTtrrCd (qnar.).......^
15c
Breweries. Association,
Hyde
6-11
(quar.)
Machine Corp.
&
6-25
(quar.)
(interim)
B
6-11
Co.*
6*15
25c
$1.25
preferred (quar.t
Ltd., class A (interim)
Illinois
preferred
$6
preferred
8-14
Co
Co
Bearing
<Sc
6-
2
5%
6-14
1
Manufacturing
6-15
6-11
7-
Water,
Ohio Forge
10c
Hos'kins
6-15
2
6-28
*J8c
(resumed)--
2
6-15
7-
6-28
—
pfd.
'
2
7-
$1.10
6-12
(quar.)
5L
6-15
4.40 rk preferred (quar.)
Ohio Finance Co., 4'/a^y preferred
(quar.).
6-26
—
Allison Co.,
&
8
6-30
40c
$1-75
31V4C
(quar.)
(quar.)
Plantation
Common
Hunts,
'
8-29
1
8
6-
$1.75
...
pfd. iquar.)
25c
Humphreys Manufacturing Co.,
5-31
(quar.)...
6-15
8-
6-19
6-30
7-
10c
preferred .iquar.)....
$4.50 preferreii (quar.)
Pacific Coast Aggregates (quar,)
5-24
$1.25
6-20
6-
.
7- 2
Otter
6-17
6-30
6-23
6-17
1
6-30
40c
8-15
6-15
6-
7-16
7-16
$1.50
6-28
6-28
6-25
6-25
7-16
7
5-26
(accum.)..
Ontario
6-
6-20
1
tl7l/jc
$1.75
(quar.)
Class B
8-15
(irregular)-
Oil
Hoover
preferred
Co
preferred
Ohio Cities
6- 6
6-11
25C
7'?t>
Brass, class A
6-11
7- 2
A—
& Sons, Inc.
(A.)
Quarterly
Hocven
(quar.)
50c
Hollander
Holly
(quar.)...
43%c
(accum,)
Corp., 'class
FuYnace
Honolulu
Ohio
6-20
7- 2
Co.-
preferred
6-15
1st
$2.50
•%-
Co.
6</<> 2nd preferred (quar. 1.
Northwestern Utilities, Ltd., 6%
$l-62Vi
(quar.)
(quar.)—
Hinde & Dauch Paper Co., common
6-15
7%
5-23
2
Publications, Inc.—
6-15
Hollinger Consolidated Gold Mines, Ltd.—
2
Northwest
30c
25c
(irreguiari-
Insurance
Niagara Lower Arch Bridge Co., Ltd. (quar.)
Niagara Share Corp., class B.
4xkrio preferred iinitial quar.)
$1.25
$1.25
50c
$1.25
$1.75
(quar.).
6-15
7-
Inc.
6-14
6-29
6-15
iquar.).m.
$2 pfd. A (accum.)
Telephone Co. (quar.)......
Fire
1
7-
75c
pfd. (quar.)_.___
(quar.),
Co.,
New Jersey Water,
New York Auction
lpc
tiOc
preferred
5'/r
Corp.
Mur
New Idea,
6-
20c
10c
50c
B
Holland
Steel
6-
t37VaC
pfd. (quar.)
(interim)
Refining Co., 8%
(Ohio)
6-
75c
75c
(irregular)..
6-
15c
25c
20c
6-15
6-
7- 2
———
Dejay Stores, new common (initial)
De
Long Hook & Eye Co. (quar.)
Extra
6-11
& Bros. Co.
6-16
1
1
40c
(s-a)
Strauss Duparquet, 6';i>
6-26
2
5-26
preferred (quar.).
6',1>
National-Standard Co.
6-
6-
$3
6-20
6-
6-11
$1.18a4
National
6-14
7
6-30 >
37Vbc
preferred (quar.)
25c
Powder
prior preferred
7%
5%
System.
(F. E.)
common
(s-a)
5-29
6-20
7
6-
1:48c
6-22
6-25
5
6-
6-30
$1.75
iquar.)
7-25
6- 9
7- 2
7- 2
7- 1
Publications—
6-
$25c
Si
9
(quar.)
(quar.)...
preferred
Ohio Edison
,
common
6-
(quar. 1
Dayton & Michigan RR Co., 8 V pfd. (quar.)
Debentures & Securities Corp. of Canada—
5%
6-10
'• 2
7?c
25c
(quar.)
Inc.,
30°
$1.12>2
1
is
22c
52c
Motors
Davenport Hosiery
T'<
c
$4.50 preferred
Curtiss-Wright Corp
Daniels
a
os
(quar.)—-.
consumers Power,
Continental
7
Corp.—
(accum.)—
$2.50 preferred
Hickok
Class
Commonwealth Water, 5t2(V preferred (quar.)
Commonwealth Water & Light—
2
com.
National Grocers, Ltd., common
$1.50 preference
(quar.)
:
iqu'ar.i
preferred k
Class
(Louis-
Co.
Insurance
Life
7-2
15c
+16°
S'/r
preferred (quar.)
Commercial Bookbinding
Commonwealth
7- 2
75c
—
Commercial
-
6- 4
6-30
6-30
7-16
6-25
7- 2
$1.75
25c
75c
25c
Nathan
6-
B
Hercules
20c
6-11
7-
Harrisburgh Steel Corp
Hat Corp. Of America, class A—
6-20
30c
30c
Myers
7- 2
:—$1.50
preferred (quar.)—
Harrisburg Gas, 7Fi preferred
5-28
7-2
_
$5
$4
(quar.)
5-29
—
(quar.)
Harris-Seybold-Potter,
7-2
(Washington, Pa.)—
Extra
6-12
(quar.)
6-12
_
7-
Inc.,
Md.)—
(s-a)
6'w preferred
2nd preferred
50c
*5c
51.75
Mutual
U5c
$1.50
$50
50c
Co
(Baltimore,
Co.
Hearst Consolidated
$L37V£
1
$1.50
preferred (quar.)
Hathaway Bakeries, Inc.* (quar. 1
Cincinnati New Orleans & Texas
—
6-
•
(quar.)_
Brewery
Printing Co.
Harnischfeger
6-20
(quar.)—
6-15
6%
New England
eVi'c
preferred
Co,, 4a4%
Company
Class
7%
Murphy <G. C.)
Harding Carpets, Ltd.
5-21
City Investing Co., 5"a% preferred (quar.)City & Suburban Homes '(s-a)
5
(resumed)
Telegraph Co.
Morgantown Furniture,
25c
F.)
Hammond
8-10
—
5
6-
preferred
Co.
20c
—a
(C.
Hall
6-21
7-2
6-26
8- l
common—
6-
6-15
10c
$1.75
.preferred (accutn.)—
M.) Lamp Co
Hall
4
6- 1
Co.,
6-15
Chemical
Montreal
50c
Ltd.
Co.,
Western
Realty
5-15
15c
$1.25
$2.80
81
Ry.
6-15
(quar.)
$1.25
(quar.)—
common
System,
1 Oil Corp
No.
$1.50
Pacific
5
6-5
25c
Water
Griesedieck
Chesapeake-Camp Corp., common (quar.)—
t 5f<. preferred 1 quar.i ———
Chicago Burlington & Quincy RR. Co. (irreg.)
Chicago Dock & Canal Cor (quar.)
Chicago Electric Manufacturing—
$2 class A
(accum,)
:———
Chicago Mail Order Co
—
Citizens Water Co.
6-
70c
Co., common
(B.)
Group
Charleston Transit Co., 6'.? preferred (quar.)
—
6-15
Varnish-.-
preferred
6-15
6-22
6-20
75c
preferred
(quar.)
class B
(Daniel)
6%'
Greening
6-15
6-11
7- 2
6-15
6-15
6-13
6-25
7- 3
8-31
6-30
$$1.50
25c
50c
Carolina Power & Light Co., $6 preferred—$1.23 3/10
$7 preferred—u
$1-43 9/10
Carpenter Steel Co;-.—,.——
75c
CarrerasV Ltd., cl. A ord. regis, (interimi—
12 Va.?*
Caterpillar
«•
6-25
6-1
*$1
-—-
tquarj—
6-15
Co.——
Co.,
Co.,
Rapids
Guilford
Co., Ltd., ordinary
Power
preferred
Montgomery Ward & Co., Inc.,
5
Co.——
preferred
Greenwich
'
5
6-
Tubes Co
Globe-Wernicke
Light
Capital City Products Co. (quar.)
Capital Transit (quar,)——
6-
__
Coal
Steel
Gordon Oil
Canadian
Shipbuilding & Engine—
Class A (Interim
'Class B (interim*———-——-—-
Mills, Inc.,
preferred
7- 2
7- 3
8If
6-15
General Water Gas & Electric Co.—
7- 3
Ltd.,
Monroe
40c
25c
$1.75
25c
Corp.-.
5'e
t$2
1$2
Cos.,
4
preferred
Modine
$7
6-30
6-
6-30
23c
6-
5%
7-10
6-15
$1.25
6-12
62Vic
(quar.)
General
130c
———-—
5
Mining & Mfg. Co. (quar.)
Minnesota Valley Canning Co.—
$1
(quar.)--
6-13
35c
Minnesota
Manufacturing Co. (quar.)
Monongahela Valley Water, 7<;v pfd. (quar.)
Co
Co.
General Refractories
Ltd. (quar.)——
6-
lVic
6-
Grand
Electric,
6-11
4
2Vic
Transportation
6-15*
6
(quar.)~—
7
6-
8c
Gas
6-30
6-20
25c
6-11
(s-a)
7-2
6-20
7- 2
6-
Oil
Natural
7-10
25c
20c
12Vic
Mich, (quar.)-
6-39
52',(ic
:
6-15
(quar.)
7- 2
9
6-
I
(initial)
7- 2
Co—
preferred
6-14
Miller-Wohl Co., common
5(f preferred (initial)
Minneapolis Brewing Co
12Vic
(quar.)
General Fii-eproofing Co., common
7- 3
General
Co.
Manufacturing
General
6-15
6-21
7-18
I
4
3
7- 2
30c
Co. of
Brewing
6-30
3
7-
25c.
Co. of Indiana (quar.)
Brewing
Kentucky
..I
25c
Extra
130c
Canadian
6%
De
1st preferred (s-a j
convertible
6-15
(quar.)
7-10
6-20
10c
common....
2 Vic
Brewing
'
25c
25c
—
'
Y17».2C
(quar.)
15c
(quar.)
2
5c
Corp.
6%
(annual)-
Steel
Pressed
(Peter)
6-21
preferred
~
ordinary
Corp,, common
7- 3
6-30
6-30
6-11
7- 2
6-15
6-15
7-
50c
Co.
2
7-
6-27
$1.75
(quar.)
(quar;)
Stores
Co.,
preferred
Mid-West Refineries
50c
Co
Fox De Luxe Brewing
Preferred
7- 2
5
7(f>
preferred
5%
60c
(Bait.) (S-a)
Co.
Wheeler
1
6-
6-
5
50c
Coach
Stove
Motor, Ltd.,
6-21
Canadian Converters, Ltd. (quar.)
—
Cottons, Ltd., common (quar.)-—
'.
Avenue
Florence
6- 9
(annual)™
6-11
7%
25c
6-15
7-17
Canadian
6%
Brewing
Extra
Fidelity & Guaranty Fire Corp.
2
6-
50c
Extra
Fernie
6-11
7-
50c
25c
Water,
6-15
50c
6-11
$1.25
"
Lumber..
7-10
Co.
pfd. (quar.)
Extra
6-30
6-12
6-
4
37Vic
Manufacturing
Federated
6-11
6-
Longhorn Portland Cement, 5%
(resumed)——
7-10
7-31
Canadian
quar.)
——
6-11
$25c
153c
175c
(quar.)
(quftr.)-.....^..^:.
Maritime Telegraph & Telephone
Co., Ltd.—
Common (quar.)
Foundry Co., Ltd. (interim)
preference
Corp.
9
$$1/25
participating
Star Cement
6-
$3
•'
Lone
7- 2
6-30
7- 2
Canadian Car &
5
37Vic
Steamship Lines* 5'/? preference (s-a)
Canada
6-30
6-15
Marion
8-15
$$1.25
6-
Lyon
General Instrument
(quar.)—.
preferred
6-15
9
A
7-2
t$1.75
6-15
class
6-11
$$1
6-
preferred
1
2
$1.25
6-13
$1.50
1
6-
7-
17 Vhc
7- 2
Canada Cycle & Motor Co.,- Ltd.—
5(f
6-20
II
(quar.)
7- 2
6-
50c
37VaC
6-15
preferred
15c
$1.31
—
7- 2
6-30
(quar.)
5%
Lindsay Light & Chemical. 7% pfd. (quar.)
Loew's (Marcus)
Theatres, Ltd., common
7% preferred (quar.)
20c
Power—
prior preferred (quar.)
CO., Inc. (quar.)-,—
California Water & Telephone, 6% pfd
Ink
6-20
41%c
5
6-
6-15
•5-29
50c
Fairehild Engine & Airplane, pfd. (initial)—
Family Finance CoYp., common-
6-
6-15
40c
$1
(quar.)
Class B
6-15
6-
5-31
9
25c
Class A
2
Company
5-31
6-15
6-
Telegraph Co.—
6-30
Co
75c
conv.
California
(quar.)
IncI.IIIIIIIIIIII
5-31
6-15
6-15
7- 2
6-15
5-29
(accum.)—
California Electric
(quar.)
Co.
1st preferred
conv.
6-15
Bush Terminal Buildings Co.—
preferred
6-15
1
$1.50
15c
12»/2c
7-
6-15
4
$2
{$1.1834
15c
7- 2
7- 2
6-15
70c
tl5c
6-18
6-30
5-31
6-
$1
1
(Syracuse, N. Y.)__
$1.75
2VaC
$1.75
12Vac
—
50c
3
6-15
$1.50
common
Exolon
6-12
15c
12Vic
7-
5-22
15c
44c
(quar.)
Locomotive Works,
Lincoln Telephone &
6-
1
25c.
I
Common
30c
Excelsior Insurance
10c
Co., common.:
preferred (quar.)—_
-1:25c
(s-a)__
Co
Co.
preferred
6-15
6-
Kresge Department Stores—
4%
Evans
5-25
$1.50
6-15
6-16
II
(quar.)
Lima
1
6- 1
$$1.50
15c
$1.37 Va
6-15
7- 2
(s-a).
(s-a)._
Kinney Manufacturing Co.,
$6 preferred (quar.)
6-30
$3.50
B-l
"III
Koppers Company, common
Railway—
5
Plantation
6-15
$1.50
6-
Products
5-19
7- 2
$62y2c
accum.)
Auto-Lite
K-2
43/4(1)
Ferries, Inc., 8% prior pref. (quar.)
Electric Household Utilities
Corp
$3
(quar.)—
1
6-15
6-10
Co.. Ltd.—
(s-a 1
preferred
7- 2
of Rec.
50c
I
Kilburn Mills
$1.75
Holders
Payable
50c
_
Key Company
Series
When
Share
Co
Keystone Custodian Funds,
37V2c
u
Massachusetts Street
Electric
6- 1
6-30
B'ucyrus-Efie
"JVo
preferred
2
$1.12y2
.•
common
Easy Washing Machine, Ltd.
Eddy Paper Corp
5-16
75c
5c
$1.50
(quar.)
Bradstreet, Inc.,
7-
7- 2
$1
preferred
&
Foster
Bridgeport Brass Co... common—
'5V2 ',6 convertible preferred (quar.)
Brown & Sharpe Manufacturing Co. (quar.)
7%
2
Light & Power Co.—
Brazilian Traction
2
Electric
6-15
7- 2
7- 2
(S-iv) —
Water Co—
Brook
6-
6-15
6%
10c
40c
$1.37Va
preferred
Bound
7- 2
7-
Eastern
& Rubber—
Boston Woven Hose
6%
(S-tt)
Management, class A
Bondholders
Boston Garden-Arena
75c
75c
East Tennessee Light & Power—
$6 preferred (quar.)
2V2c
75c
62VaC
$9
—
2
common
Manufacturing
Kay nee Co.
2
7-
5%
6-29
6-15
7-16
jjetch Creek RR. (quar.)
Belknap Hardware & Manufacturing (irreg.)
Aviation
7-
Name of Company
Justrite
6-27
7-15
preferred (quar.)
Dunlop Tire & Rubber Goods
$2.50
Automatic voting Machine
7-16
7-15
4V2 Vc
6-30
6-15
7- 2
7- 2
6-30
6-15
7- 2
6-27
$1
1
25c
25c
25c
10c
$1.50
25c
i$1.75
(quar.)
Per
of Rec.
7-16
75c
Dun
6-
8-1
Payable
$$1.25
Chemical
7%
10c
$1.25
10c
Automatic Eire Alarms—
Share
(quar.)_
common
Holders
Duke Power Co.,
6-20
$1
preferred
Company
Ltd.,
Co.,
$4
7-2
7-
Glass
When
Co., common
preferred A (quar.)_
Draper Corporation (quar.)_
6
6-15
Ashland Oil &
Bendix
7%
Dow
+10c
Refining Co.Common (quar.)5
preferred—.—
Associated Public Utilities Corp
Atchison Topeka & Santa Fe Ry. Co.—
5? non-cum. preferred (s-a)
r
Atlantic Refining Co.—
'4'P preferred series A (quar.)
Name of
Dominion
3
6-15
*20c
----—----
——
6-14*
Per
of Rec.
7-2
7-14
7-2
$1.75
preferred (quar.)
Corp., Ltd. (quar.)_
Extra
Payable
20c
35c
40c
Co.. com
prior
Asbestos
Holders
25c
Products (monthly)
—
American News Co. (bi-monthly)
American Optical Co. (quar.)
A Scan
Republics Corp.™-™.
American Rolling Mill, • 4V2% pfd. iquar.) —
American States Insur.
(Indianap.) (quar.)_
American Tobacco Co., ,6% pid. (quar.)
Anchor Duck Mills (quar.)—
American Home
a„pv
When
each
(quar.)
(quar.)
ten
shares
held
or
6-30
shares———
6-15
"
6-15
6-15
Hoiaen
wnen
,
Brewery
(Wm.)
(quar.)
Snap-On-Tools Corp,
Inc.
Skilsaw,
Aircraft, 50c
Manufacturing
——
(quar.)
______
conv. preferred A
Co._
South Carolina Electric & Gas Co.«-.
5%
preferred (quar.i
Soss
South
Co. (quar.i
Pittsburgh Water, 4>/2%
South
Porto
Texas
Texon
Thennoid
$25c
$75c
$1.25
$1.25
75c
3bc
1st
Co.,
(interim)
Trusts
General
(quar.i
(quar.)—
common
(quar.) —
Corp., common
Rayon
(quar.)
preferred
£% r/c
(quar.)_
Corp
..Union Metal Manufacturing, com. (quar.)__
$6 preferred
(quar.):
United Artists Theatre Circuit, Inc.—
5%
preferred (quar.)_
_____________
United Carbon
Co.
(quar.)
—
United Corporations, $1.50 cl. A (quar.)_(__
"
—
Viking
6-23
(quar.)___
&
6-15
6-30
6-
7-
6-
6-30
6-21
6-15
6-
6-20
6-15
6-
5
6-15
6-
5
6-15
6-
1
(quar.)
(quar.)
.____
(quar.)___
Ltd
.
;
Mercantile
2
2
American
—
6-11
7-
2
6-20
6-30
6-15
2
6-18
7-
6-
6-15
2
Refining, 7%
2
3
6-11
676-
1
0
$4.50 preferred
6-1
6-30
6-15
6-30
5-31
10c
20c
$0,843
$1
$3.50
12'/2c
6-15
5-15
25c
$1.75
25c
50c
$1.50
$1.25
$2.25
$ 1.37V2
12'/2c
$2
75c
$2.25
10c
$1
7-14
6-20
6-15
6-
preferred
6%
Institution—
&
Armour
give the dividends announced in previous
weeks and not yet paid.
The list does not include divi¬
dends announced this week, these being given in the
we
Gas
Western
Arkansas
Art
Investment,
common
preferred (quar.)_
Astor Financial Corp.,
75c
Companies
Share
Name of Company
40c
4%
preferred
Aome
Steel
Co.
Aetna
Ball
v
preferred
5%
&
Bearing,
Standard
6%
Great
Power Co.,
7-10
6-21
7-
2
6-15
5%
,
,
,
6-15
6-
6-15
6-
1
preferred
$5 preferred
>
7- 3
75c
7-
2
25c
7-
2
6-15
6-
5-31
6-28
5-28
$4.50
6-28
5-28
$1.25
(quar.)___
8
$4.50
8-
1
7-13
$1.50
7-
2
6-
$1.75
7-2
6-
7-
(quar;)
(quar.)
Albany & Susquehanna RR
Bausch
Algoma Steel,
Mills,
Allied
Products
2
6-
7-
2
6-
9
50c
7-
2
Class
A
I
com.
43 %C
7-
4%
Manufacturing
(quar.)
Cement
preferred
Portland
Co. of America,
Alpha
Aluminum
6%
preferred
Co.,
■6%
Ltd.,
convertible
preferred
(accum.)
/
Belding Corticelli,
8*
7%
5-15*
5-15
5-21
Benton
(s-a)
Agricultural Chemical -.a
American
Harbor
Co.
of Canada, Ltd. (quar.)
Corp
Bethlehem Steel
7-
6-
Birmingham Water Works, 6% pfd.
Black & Decker Co. (quar.)—
Blackhawk Brewing Co
Corp.,
6-15
Blaw-Knox
$1
8
5-28
-
9
______
30c
r
6-28
6-14
6-15
7-
6
6-23
Carolina
7-
Carthage Mills, Inc.,
6
6-23
6-
9
5-21
6-
8
5-23
•
-
-*
preferred
6%
(quar.)___^-i_>___
5-15
J20C
7-
3
6- 9
$25c
7-
—
3
6- 9
J5c
7-
3
6-
9
7-
3
6-
9
7-
3
6-
9
6-30
6-20
6-30
6-20
6-30
6-20
7-
2
5-31
7-
2
6-
1
$$1.25
7-31
6-29
7-31
6-29
7-14
6-15
$2c
—
6-28
5-30
3
6-11
B%
preferred
1
6-11
6-
6-30
6-20
2
6-20
25c
•.
common
6-30
6-15
$2
(irregular)
7-
6-15
2
6-15
6-
1
5-15
"6-15
5-31
6-15
6-15
6-
1
6-15
6-
1
Central Illinois Public Service Co.—
7-
6-30
40c
6% preferred class A (quar.)
Catalin Corp. of America..
6-30
10c
_____
60c
$1.50
(quar.)
B
7-
$1.50
Telephone & Telegraph Co. (quar.)_
Central Cold
6'to
preferred
$6
1
6-
7-
6-12
6-
6-15
(quar.,)
Central
$6
1
Maine
preferred
6-26
6-12
6-11
6-30
6-12
6-30
6-12
6-20
6-
Co., 7'/2 pfd. (quar.)
(quar.i
preferred
2
6-11
7-
2
6-11
7-
2
6-11
6-30
6-20
$1.75
6-20
5-31
Paper Co., Inc
Utilities
Co.—
(quar.)
$1.75
prior
lien
preferred
(quar.)
*_
Accumulated
Vermont Public Service
7-
2
6-12
6-13
5-18
Century Ribbon Mills, Inc.
6-13
5-18
Chamberlain Co.
Corp..
6-20
5-31
$1.50
6-20
5-31
$1.50
Accumulated
$6
6-11
7-
7-
15c
$7 prior lien preferred
5
6-30
2
62V4C
(quar.)
Central & South West
$6
5-19
7-
$1.50
pfd. (quar.)
(quai\)
preferred
Central
6-21
Power
5-19
7-15
$1.75
(accum.)
4%%
6-15
$1.19
$1.3:2 y2
(quar.)
(accum.)
preferred
6-15
$1.50
pfd.
6-20
$1.50
4'/2%
2
$1.50
Light,
Central Kansas Power Co.,
6-15
2
Storage Co.
Illinois
6-20
5-31
27c
6-15
5-31
1
6-15
com._
preferred
$1.04
of
7-
15c
6-15
6-
1
15c
(quar.)
America
Store Products Corp.—
$1.50 convertible preferred
6-12
6-
6-15
5-21
6-11
5-25
6-11
5-31
1
Champion
6%
Paper &
preferred
Chapman
Fibre
6-11
6-
1
6-30
6-20
Valve
2
6-15
Chateau-Gai
6-
9
5-29
6-15
Stock
2
6-11
common
2
6-11
mon
6-
5
6-
1
2
6-15
5-31
6-
Chestnut
7-
2
6-20
7-
2
6-15
7-
2
6-15
6-15
5-31
7-
2
6-
7-
3
6-15
7-
3
5%
6-15
1
Ry.
(one
for
40
Co.
share
shares
held)
Hll
RR.
of
O.
preferred
""""
Cincinnati
7-
3
5-31
7-
3
5-31
35c
Orl.
&
20c
6-15
$1
5-31
6-
5
Citizens
7-
2
6-
1
6-15
6-
1
6-29
6-12
6-15
6-
6-11
5-14
7%
6-30
6-25
Clark
Controller
Clark
Equipment Co.,
$1.75
7-2
6-18
10-15
.$1.75
6-15
7-2
6-14
50c
9- 1
12- 1
6-15
7- 2
8-10
6-14
6-30
$1.75
Ry. Co.—
$1.25
Ry
35c
Corp.
__I
(quar.)
Utilities
IHII~II
City of Paris Dry Goods Co.—~~
7% 2nd preferred (s-a)
2nd preferred
25c
15c
City Auto Stamping (quar.)
City Ice & Fuel Co._^
6-20
6-20
7-14
$22
I
6-23
preferred
6-15
30c
25c
__HII__I_
Texas Pac.
6-15
Financial
6-29
6-30
~
_
preferred (quar.)
preferred (quar.)
Street
6-30
30c
common.
6-15
5%
4
$1.25
Co.,
7-16
1
2
6-
75c
Chrysler Corporation
6-
T
2
25c
5-15
2
I
1
7-
30c
$3.50
(s-a)
$3.50
7- 2
1-2-46
30c
(quar.)
.•
,,~
6-14
75c
Co
common
6- 2
Co.
_
(quar.)_.
5-31
6
7-
C
1
6-
75c
75c
Securities
5-15
Cincinnati
6-
6-25
com¬
_^____IIII_I™
Quarterly
New
6-25
62V2C
15c
$1.50
-
&
(accum.)
5c
—
Pittston
C.
preferred (quar.i_
Chickasha Cotton Oil (quar.)
5%
6-
$1
7-
of
$7
0%
5
5-19
.
(quar.")IllIIII
(quar.)-"
Co.
6-
5
6-20
$25c
;
(quar.)
Chicago Mill & Lumber Co. (quar.)_^
Chicago Rivet & Machine Co.__
Chicago South Shore & South Bend RR.—
Quarterly
Chicago Towel Co., common
7%
6-
2
__
preferred
Christiana
6-30
(interim)
Chicago Flexible Shaft—
Chicago Great Western Railway Co.—
5-15
9
Ohio
dividend
7-
7-
7
2
7-
25c
7-
6-30
Ltd.
Extra
6
6- 7
7-
50c
(quar.)
Chesebrough Manufacturing Co.
6-30
6-
6-30
$1.50
Manufacturing
Wines,
Wc
25c
(quar.)_
com.
7-
7-1
37
(quar.)
Co.,,
(quar.i
25c
preferred (quar.)
Blumenthal (Sidney) & Co.—
5-17
*
2
$1
$1.50
40c
(quar.)
Block Bros. Tobacco Co., $6
6-
5-31
J85C
7-
$37V4c
$1.75
pfd. (quar.)
Co.
7- 2
6-
5-31
6-15
(s-a)
Ltd.
Mines,
10c
:
T/o
6-15
$62V4c
preferred (accum.)
Oil, common.'
preferred (quar.)__
$$i
$$1.75
$$2
Ltd., common (quar.)
Berghoff
5-31
$25c
$$1.62 »/a
$1.50
$1
Malleable Industries.—
Brewing
Gold
6-20
20c
6-11
6-15
(quar.):
37Vic
—
(quar.)—
5-22
6-20
Canfield
1*
$50c
$25c
$$3.50
(quar.)
—
5-11
1
preferred
6-
t$i
(accum.)
50c
______
Holding Corp.
6-15
6-31
$1.25
37Vic
6-15
75c
2
2
$1
6* 5
3
7-
7-
7%
Ltd.—
class A
7-25
Canadian Wirebound Boxes, Ltd.—
25c
(quar.)
$$2
$30c
6-15
6-30
20c
(quar.)__
9
*
Amerex
preferred
6-11
2
7-16
Central
$12Vic
(quar.)
Packing
6-
7-
Canadian Malartic
6-20
7c
(quar.)
15c
Inc.
common
Mills
Bell Telephone Co.
$1.50
(quar.)—___—_
(quar.)
,i._
Amalgamated Electric Corp., Ltd.
Amalgamated Leather—
6% convertible preferred (accum.)
Aluminium,
Beech-Nut
50c
(quar.)_
(quar.
Industries,
Aluminum
Beaunit
6-15
5
Ltd.,
25c
—___
___
common
Beau
6-29
6-
$1
Ltd.
common
Brummel Ties..!
6-11
6-
Sons.
&
Class B
7'/t? 2nd preferred
2
6-30
40c
common
Bros.,
Beatty
.
2
7-
$1.25
Optical,
participating A
7-20
40c
(increased quar.)__
preferred (quar.)
Allts-Chalmers
$1.60
6-11
(quar.)
Stores Corp.,
6-1 8
6-30
35c
Co.
(W. D.)
Beath
5-19
(quar.)_j
(quar.)
(quar.)__
5%
preferred (quar.)
Bayuk Cigars, Inc. (quar.)
6-15
$1
common
&
1
7-
15c
Inc._____—
Corp.,
Lomb
6
$$2.50
preferred (s-a)_
Inc.
(irreg.)
5%
Allied
6-
6-15
40c
.«
Laboratories,
Allied
Allied
Ltd
Y.)
5-15
$$1.75
6-11
5
$2.50
$1.75
$1.50
(quar.)—.
Bath Iron Works Corp
6-15
1
Oil
(N.
of Canada,
Co.
Rarnsdall
8
$3.75
Barber-Ellis
8
preferred
Investing
Co.
Bankers Trust
6-15
1
$$1.25
2
Chesapeake &
preferred (quar.)
(quar.>__—
Bankers National
1
$15c
(quar.)
6-
75c
(accum.);
preferred
B'/c
1
6-
6-15
Investment. Corp
Industries, Ltd., class A
B
(quar.)
6-22
12 Vic
Works-.
Bangor Hydro-Electric. 1%
6-15
preferred
Baldwin,
(monthly)——
Inc.__
Locomotive
6-
9-
$$1
;
7-
Bangor & Aroostook RR. Co.—
5-31
$7
&
Co.
preferred
$$1.75
$6
Alexander
Foods,
Baldwin
■
ordinary
RR.,
B/G
6-15
9-15
6-28
$75c
(quar.)
6-30
75c
7c
Forge Co
Avondale Mills
1
6-15*
$$1.75
Products
Food
Canadian
$2.50
37'/ac
50c
Refining
Atlas Powder
1
6-15"
1- 1
Chain
preferred (s-a)____
Co., common (quar.)
non-cum.
Atlantic
Atlas Drop
6-1
6-15
20c
Southern
participating
Alabama
6-15
25c
'—
.
Inc.
Associates,
5-22
6-30
.
6-20
common-
$2
$1.75
Co. com. (increased)
6-
1
7-
3
(quar.)
preferred
Canadian Foreign
1
West Indies SS. Lines—<
Atlantic Gulf &
15c
-
Alabama
7-2
6-12
6-1
Ltd.,
$2.50
Co.__
Line
Coast
Atlantic Coast Line RR.
25c
7% preferred (quar^_
Agricultural Insurance Co. (Watertown, N. Y.)
Quarterly
Special
Air
7-16
37(4c
.
Engineerings
Agnew-Surpass Shoe Stores, Ltd.—
Aetna
7
25c
common (quar.)
(quar.)
7
6-
20c
(quar.)___
Addressograph-Multigraph Corp.
Aero Supply Manufacturing class A (quar.)_
Co.
6-
6-30
30c
(quar.)________
(initial)—.
Manufacturing
Adams
6-30
$1
(quar.)
common
Extra
1%
Canadian
Central
,
Atlantic
15c
Laboratories,
Abbott
1st pfd. (s-a)__
Birmingham & Coast RR. Co.—
preferred (s-a)
5%
of Rec.
Payable
5*
Atlanta
Holdert
When
Per
9
6-
$1.25
37V2c
(quar.)
5%
Miscellaneous
6-
2
50c
—
5-25
6-20
9
$25c
6
$1
12"2c
20c
(quar.)
Inc.
Works,
Metal
Associates
and
2
7-
5%
convertible preferred (quar.)
Arnold Constable
Corp.
preceding table.
Industrial
7-
Armstrong Cork—
4%
6-20
6- 9
7-
preferred (quar.)
conv.
6-
$1.50
(accum.)—
6- 9
7-16
;—
Canadian Celanese,
B%
convertible prior preferred
$6
6-16
(111.)—
Co.
3
$$2
——
6-25
20c
—
6-
7-
$15c
5-31
6-
5-29
3
$25c
6-30
6-13
6-~2
6-12
$$1.75
Participating
6-15
6-13
6-16
$8c
(quar.)
$3
$1.25
25c
$1.50
(s-a)
preferred (s-a)
B'/o
(quar.)
common
$1
common—
Edison Co., Inc., $5 pfd. (quar.).—
Arkansas-Missouri Power Corp., common
5
Ltd.,
1st preference
60c non-cum.
1
$50c
Canners,
6-15
7-
$50c
——
Participating
6-15
6-30
6-11
Ltd.—
Co.;
50c
—
Arizona
75c
6-30
2
$37V/2c
Canadian
5%
1
7-
$1.06'A
(quar.)
—
Breweries, $3.40 conv. pref. (quar.)
1
1
6-
7-
;
(quar.)__—__
25c
Mining
Mills Co.,
Cotton
6-
1
4
6-
3
_
Canadian
7-
6-
6-15
7-
•
5-25
6- 1
6-15
25c
(interim)
Mining—*.
Copper
Arcade
Canada Wire
6-30
5- 4
6-15
10c
preferred
(s-a)
Anaconda Copper
Andes
5
(quar.)—
B
Ampco Metal, Inc., common
Anheuser-Busch, Inc.
B-M
9-
Class
(s-a)
Amoskeag Co., common
2
6-
Canada Permanent Mortgage
Corp.—
preferred (accum.)
Co. of New York (s-ai
American Telephone & Telegraph (quar.)—
American Thermometer, preferred (quar.)
American Thread Co., Inc., 5'7o pfd. (s-a)__
American Woolen, 7%
preferred (accum.i__
$6 1st
5
,7-16
5
BVaVr
—
American Surety
6-9
6-
Class
—
American Superpower
6-11
7-
pfd. (quar.)__
Corp.__
Tobacco
Extra
6-15
7-
Canada
6-15
50c
Co.
American Sumatra
1
7-
1
5-31
5
6-15
6-
25c
(quar.)
(quar.)—
Foundries
Steel
American Sugar
6-15
6-30
Qquarterly
(Below
common
American Stamping
6-15
7-
$1
25c
$1.50
120c
50c
$1.75
50c
50c
10c
50c
15c
.
Corporation
Co-operative
7-
25c
$1.50
$1
37VaC
50c
Co
Manufacturing Co.,
Ship Building
preferred
7'/o
(participating)—
Co.,
American
6-22
6-
5-31
6- 9
$37V2c
6-15
6-20
6-20
HOC
Ltd. (s-a)
Malting Co., Ltd. (quar.)__
Northern Power, common (quar.)—_
6-20
1
6-14
37V2c
(quar.)__-i
Machinery Corp.,
& Cable
5
6-
50c
A
Sanitary—
Co.-
American Stores
.
(quar.)—
—
Mill
Service, $3 pfd.
American
1*
6-
2
7-
Class
$1.75
$1.75
<
(accum.)
Radiator & Standard
American Rolling
6-11
2
7-
Class
A
6-
$10c
Canada
Class
3
6-30
6-30
$$1.25
5-24
12-15
7-
25c
(quar.)
Canada
9-15
5-29*
$$1.50
2
12-15
6-12
35c
common
6-15
preferred
5-25
10c
preferred
V/c
6-20
6-15
$62 V2C
Crushed Stone, Ltd.
Canada
6- 4
2
50c
7-
6-15
5-15
7-
$1.75
6-30
$1.75
$1.75
$1.75
pfd.
(quar.)
Canada Dry Ginger
1
6-15
6-15
12V4C
Ale, common
(quar.)—
Foundries & Forgings, Ltd.—
A (quar.)
7-
1
6-15
50c
7-16
$1.75
7-
1
50c
$4.25
.
6-15
$15c
(quar.)
9
6-30
1
25c
(accum.)—
preferred
7-
$10c
Machine Co
preferred (quar.)
7%
6-
15c
6-
5-29
6-11
50c
Common
1
6-
6-15
Canada
$1.25
50c
preferred
American
5-24
1
50c
(quar.)
Co.
T/o
8
6-
6-15
6-
1
6-12
6
7-
6V2%
6*
Paper Goods—
(quar.)__
7%
(quar.)
1%
(quar.)
American Public Service, 7%
,
6*
6-
(quar.)_
common
preferred
preferred
preferred
7%
6-
2
preferred
non-cum.
American
2
6-12
$1.25
Station
Petroleum
$1
2
7-
Finance Corp.—•
American National
8
7-
20c
25c
25c
American Meter Co.
$1.25
Water, 7% preferred (quar.)
Winn & Lovett Grocery Co., class B
Goodwill
8
6-23
2
7-
35c
preferred (quar.).
—
American Manufacturing Co., 5% preferred-
Ring Co.
4
5-29
6-15
20c
preferred (quar.)
Br/o
1st preferred (quar.)
Canada Cement Co., Ltd.—
5-31
—_—
6-
3
6-1*8
10c
5%
1*
6-
$1.75
7%
50c
Wichita
Zion's
6-30
Products,
American Maize
6-20
2
6-11
7-
1
50c
$1.25
Campbell Wyant & Cannon Foundry™
Canada Bread Co., Ltd., common (interim)
6-20
8
& Metals-—
American Machine
1
6-15
—
Co., (quar.)
Timber
Weyerhaeuser
York
6-
Co.—
Fixture
Ltd.
(George)
Woods
7-14
6-30
50c
25c
(quar.)
Water, 6%
preferred
Westmoreland
Woodley
8-15
$25c
preferred (quar.)—
__________—
California Water Service Co.________——
California Water & Telephone, 6 % pfd. (quar.)
Calumet & Hecla Consolidated Copper
6-
common.
(quar.)
Machine <& Foundry
American
6-14
$$1
(quar,)___,
Coal
1
6-
7-
5-15
5%
5-31*
2
7-
5-31
6-15
20c
Mills
California Pacific Utilities Co.,
4
6-
6-
$20c
Cotton
California
5
6-14
2
6-12
37'/2c
Locomotive,
preferred
T/r
6-
5-25
Co.
Burroughs Adding
6-"l
6-15
Watch Co., Inc
Piston
Burd
5-29
9
$$1.50
$1.25
Products, Ltd.
Building
4
6-
2
6-14
50c
(quar.)
class A
$1.50
American
Bulova
7-
Co., Inc.—
American Locker
2
7-
$1.50
—
Westmoreland, Inc.
The
9
2
(quar.)
Department Stores (increased quar.)
& Stationery, common..-
Westmoreland
WJR
6-
6-
Tablet
Weston
9
6-15
110c
17c
(quar.)
Showcase
preferred
5%
6-
6-22
15c
50c
participating 1st preferred (accum.)___
Wesson Oil & Snowdrift
West Texas Utilities, $6 preferred (quar.)
Western Cartridge Co., 6%
pfd. (resumed)Western
6-15
6-22
Bullard
5-16
6-15
62,/2c
50c
preference (quar.)
American Laundry Machinery Co
6-30
Butler Water,
75c
(quar.)
Illinois—
(quar.)_.
preferred
conv.
$2
6-12
$2
Western
6-29
6-15
Electric
preferred
5%
Weber
6-20
7-14
$2
15c
—
Corp. (quar,)__
Waldorf System, Inc. (quar.)
.Ware Shoals Manufacturing (quar.)
■
2
25c
Ltd.
Cotton,
5%
5-31
6-
6-20
Buckeye Pipe Line
Budd Wheel Co
•5-18
6-30
25c
75c
preferred
convertible
6%
5-18
5-31
6-15
preferred (quar.)_.
Co
$5
6-15
7-
Leather—
&
2
6-11
7-
5-29*
6-11
Bruck
6-15
American Investment Co. of
6-26
Pump
Wagner
5
6-20
Hide
American
5
9
6-15
50c
$5 prior preferred
(quar.)
Silk Mills, Ltd. (quar.)
Brunswick-Balke-Collender Co., common
1
8
6-
7-14
25c
Co
American-Hawaiian SS.
68-
8
6-
6-15
3
(initial)—-—
Common
6-15
Insurance Co.
(quar.iAmerican Hardware Corp. (quar.)
15c
,
Veeder-^Rootf Inc.
Wabasso
6-
common
5-17
6-11
25c
Texas)
(Houston,
12'/2c
pfd. (accum.)
Upson-Walton Co. (irregular)-.—
,
Utah-Idaho Sugar Co.,. 60c cl. A pfd. (quar.)
Ltd.
(interim)
Viceroy Manufacturing Co., Ltd.
Victor Monaghan Co. (quar.)
8
5
6-15
75c
Upressit Metal Cap Corp., 8%
Ventures,
66-
7-2
$38c
Equities of Canada, Ltd
U. S. Guarantee Co."(N. Y.) (quar.)________
U S JLines Co., 7% preferred (s-ai
United Steel & Wire
Universal'Cooler Corp, $1 class A (reduced!
3
6-15
$1.25
United Gold
3
6-15
7-
130c
$4c
40c
35c
B
■Class
6-15
7-
(quar.)
Corp..
American General
6-10
6-25
15c
15c
$1.50
Paper
&
Bag
2
7-
*
common—;
5-10
9
7-
«
4%',*■
General
4
6-13
40c
$1.18 A
15c
preferred
4
6-
6-12
$1.12/a
American
6-
2
8-15
$1
$1-®Q
$1.50
.
preference (quar.)—__——
American Gas & Electric Co., common (quar.)
6-15
2
2
6-
4ViVo
5
6-
1
7-
50c
5Oc
_
—
Hoe,
&
American
6-
6-30
(accum.)
(accum.)
$7 preferred
Fork
8
4*
7-
t$1.75
pfd.
Ltd., 7%
Tuckett Tobacco Co.,
Union
6-
6-
7-
$1.25
25c
$1.18%
preferred
6%
Tubiate
5-31
2
6-15
2c
t25c
$$1.25
25c
-
Ltd.
Brothers,
Trion
'■
6-11
6-29
7-
6-15
$i.au
(irregular)
(quar.)
American & Foreign Power, $6 pfd.
6-11
1
6-
7-16
62V2C
of America (quar.) _________
Corp. (quar.)___—____
Bright (T. G.) & Co., Ltd., B'!o pfd. (quar.)_
British American Bank Note
British-American Oil Co., Ltd. (quar.)_
Brockway Motor Co._
Brooke (G. & E.) Iron (quar.)_^
Brown-Forman Distillers Corp.—
Brewing Corp.
7- 2
6-
$$1.50
Briggs & Stratton
—
common
2
7-
68%c
12/2c
preferred
6%
9
6-
2
7-
Co.,
American Felt
6-15
2
7-
5
6-
6-12
Ltd.
Pwr. & Gas Co.,
(quar.)
preferred
BVc
6-11
7-
(quar..)—
common
(quar.)
—-
British Columbia Elec.
$1-37%
Export Lines,
preferred
5'A
Breeze
1
50c
37Vic
$3.50
40c
preferred
Corp., 7%
Corporation
Brandon
6-11
1
6-
$2.50
$1.25
< ; $1
.(irregular)_______—____
Roller Bearing
Brach (E. J.) Sons (quar.)„-___.
2
6-
6-15
7- 2
7- 2
6-15
6-30
7- 2
75c
$1
&
Rec.
1-16
$1.12»/a
Bower
series of 1936 (accum.)
V«th of share of
preferred (quar.);
—
American Exchange Holding (increased s-a)_
American
Boston
tv
$6
6-20
Boston
ol
6-20
7- 2
7- 2
6-11
_
Borne-Scrymser
1
6-15
7-
of 1936 (accum.)
of a share
Co. (N. J.)
Cyanamid Co., common (quar.)—
5% preferred (quar.)
American European Securities—
6-9
6-30
1
6-
Holderi
7-31
7-31
6-15
6-29
,
.
Co.
—
7---—
Albany RR. Co.———
Elevated Ry. (quar.)
6-
Boston Wharf Co.
American
9
Booth
______
preferred (quar.)—
(F. E.) & Co., $3 pfd. (accum.)
6-30
American Colortype
1
6-15
6-
93%c
Royalty
Bell
Toronto
6-
6-20
$40%c
preferred (accum.)
Tide Water Associated Oil Co.—
$4.50 preferred (quar.i
Tooke
6-20
2
1
(accum.)
stock--
B
class
6-20
Ltd.—
fiVaconv.
Tom
6-20
6-
——
class A opt. div,
Payable. in cash or
_____
Stores,
Thrift
6-15
7-
10c
50c
oi
Land____^.__———.-i—10c
Company
10c
Oil
6-15
2
6-15
(quar.)_____
Co.
2
4y2 fo
6-15
1/16 of a share
class B:stock—
-
'
.
,
series of 1928
class A opt. div.
conv.
$2.75 class A opt. div. series
Payable in cash or l/16th
of class B stock
7-15
—,——30c
(quar.)
62'/2c
Superior Steel Corp.___
Taggart Corp., $2.50 preferred
Tecumseh Products Co___
/,
6-15
7-15
20c
$1.12
Co.
Strouss-Hirshberg
& Light Corp.-—,
Payable in cash or
: :
2
6-21*
!>1,ou
——
$2.75
^
Electric (initial)
Springfield Fire & Marine Insurance (quar.)
Stedman Brothers, Ltd.,
common (interim)
B'/f
conv.
preferred (quar.)
Strawbridge & Clothier, $5 preferred (quar.i
&</
preferred (accum.i
Stevchi Bros. Stores, 6% preferred (quar.)_
7-
7-
37'tc
34%c
Sprague
6-14
7-
"2
(quar.i
——
Southern California Edison Co., Ltd.—
5'/■■ original preferred
(quar.i
SV4%
preferred series C lquar.)____
6-20
6-25
50c
preferred
$3
2
7-16
6-7
2
6-15
$1.25
common^
preferred (quar.)
6%
6-11
&~Cigar,
Cigarette
American
2
6-15
——-
-
7
7-
J*
Chicle Co.
Extra
2
6-
7-
preferred (quar.)
(quar.)
non-cum.
American
*
6-29
7-
(Interim >___
Common
9
American Cities Power
^0°
$1.12'/2
pfd. (quar.i
Rico Sugar, common (irreg.i —
1
6-
6-25
•
—
6-
7-16
°2/*c
——
Oil
7%
5-15
6-12
1
7-
20c
{J™
,
—
B% " preferred
(quar.)____—--———
American Car & Foundry—
5-31
12/2c
'"Ihu-
Penn
South
2
6-16
Louis) _
American Bank
•6-23
;'27c
*
,
6-16
7-
Si./o
2c
*oC
2oc
______
—
f 5-31
6-29
-
(quar.)_.
(quar.)
preferred
Simon
common..™,
Corp.,
Steel
Sharon
5-31
6-15
43/4C
(quar.)__
1%. preferred
Automobile Insur. Co. (St.
Note, common...
American
6-15
Engineering Co., Ltd., common
Security
6-
Payable
.
$1
-7.--.
62y2c /
Bonanza Mines, Ipc._-4-—-7—;50/.'
Bond Stores, Inc., common (quar,)
50c
A (quar.)
Ami Co., class
Class B
(quar.)
Bon
6-15
when
Share
of Company
Name
of Rsc.
Payable
Share
of Company
Name
oi Rec.
Payable
Share
Company
Name or
Solar
;:V'"Per
,
Holdert
When
per
$5
Monday, June 4, 1945
CHRONICLE
FINANCIAL
COMMERCIAL &
THE
2484
6-15
$1.25..
6-I5
6-
2
5-21
6-20
6-14
6-15
.5-25
6-
1
6-
6
6-
6
6-
7
9-
6
5-28
6-15
5-19
8-15
11-15
6-
1
9*
8-1*
6-
5-31
6-15
6-25
12-24
6-
1
5-28
5-28
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4391
yolume 161
Per
Name of Company
!
-
Share
25c
Lambert Manufacturing
Cleveland Electric Illuminating, common—
Clayton &
2
6-12
6-
2
6-12
6-
50c
6-25
$1.75
2
6-22
31V4C
6-15
5-25
7-
2
6-12
7- 2
6-12
$1.50
$5.60
7-
2
7-
2
69
25c
12-
11-
1
6-30
$1.50
7-
7-
2
$1
6-
9
4(49
$3
Erie
5
$1.06 V4
6-29
6-
5
10c
6-30
6-
9
30c
Commercial Solvents Corp.
(s-a)
(Del.)
(quar.)_
Confederation Amusements, Ltd.—
89 participating preferred (s-a) —.—_—
Confederation Life Assn. (Toronto)—
6c
Investment
50c
Community. Public Service
t$3
*$1.50
6-30
6-
7-
2
5-25
6-15
1
59
9-29
12-31
12-24
25c
Congoleum-Nairn, Inc. (quar.)
Comaurum Mines, Ltd. (s-a)_
.
6-15
6-
6-28
b-
8
Co.
Film Industries,
Consolidated
$2
5
$5
6-
4
(accum.)
Gas El. Lt.
1
6-
6-30
6-15
6-15
40c
6-15
5-
4
Federal
25c
7-
6-11
Federal
Consolidated
Common
(Bait.)
Pwr.
&
90c
Co.,
Continental
Oil
Co.
6-15
5-31
Mining Co
(G.) Brewing Co.
Hein-Werner Motor Parts Corp.
Helena Rubenstein, Inc., class A
6-
9
5-31
Hewitt
6-15
5-31
of
Federal
50c
2
6-15
2
6-15
Federal Motor
6-a
Federal Water &
6-15
Fenton
United
79
preferred
* 15c
7-
3
Extra
Hilo
1
8-17
Common
1
11-16
7-16
25c
7-
65c
6-30
10c
7-
2
6-20
6-
3c
10-
9
6-
6-15
4
$1
Holt
Honolulu
9-29
9-15
Hoover
12-20
12-15
(Syracuse,
4 %
6-15
5-25*
6-15*
Finance Co.
5-31
Humble
Oil
of America
25C
6-20
6-
9
Illinois
Baltimore-
at
49
6-
1
Class
A
(quar.)__
15c
6-15
6-
5
6-25
6-
4
Class
B
(quar.)
15c
6-15
6-
5
7-
2
6-15
Financial
7-
2
6-15
7-
2
Industrial
Fund
2 Vac
6-15
6-29
6-14
50c
6-11
5-11
Copperweld Steel
20c
6-10
6-
1
Flintkote
62 Vic
6-10
6-
1
Florsheim
20c
6-11
6-
1
Class
$1.31%
7-15
6-22
59
preferred (quar. 1
cum.
Electric
Cornell-Dubilier
$5.25
series
Cosden
A
59
59'
4-18
69
preferred
7-
.■
Cuneo
Press
Publishing Co.,
4%9
Inc.,
Cutler-Hammer,
Dallas Power
$1.25
&
Dayton
(Alfred)
Iron_.
Deisel-Wemmer-Gilbert
&
Delaware
&
Delta Air
Dentists
7 9
Brook
Bound
Corp.
___
Supply
6
7-16
International
5-31*
Foundation
7-
6-13
Four-Twelve
2
Fraser
6-19
6-30
Fundamental
6-
8-
1
6-
8
6-
1 '
2
1
6-30
6-
5
6-11
5-25
7-10
6-30
10-10
9-30
6-29
6-15
6-25
6-11
6-
9
.
6-
2
General
7-
2
General
Bronze
Corp.
10-
1
General
Candy
Corp.
12-24
12-24
6-11
5-31
7-
6-20
5
8-
6
General
Precision
5-30
General
Railway
6-15
5-31
7-
6-
50c
(quar.)
_
$4.50
(E.
Ltd.
Eastern
6 9
Gas
&
499
~astern
prior
69
Fuel
Brothers
2
6-
9
6-11
6-
1
6-29
6-15
7-30
6-30
7-
6-11
2
Corporation
Girdler
Goodrich
IB.
6-15
6-
6-12
5-25
5
<quar.)_
—
—.——
common
,
(quar.)
.——
Stores,
common
Great
1st preferred
69
69
2nd
Great
preferred
7 9
Greene
Cananea
Grevhound
Corp.
preferred
(quar.i
iquar.;_—
Gulf Oil Corp.
$1.50
25c
7-
2
*
6- 5
6-15 •^
5-31
conv.
preferred
(series
1941)
(quar.t-
62"2c
6-15
5-31
59
conv.
preferred
(series
1938)
(quar.)
62 "2C
6-12
5-31
_
6-12
Kansas-Nebraska
Katz
6-12
5-15
6-15
6-
6-30
6-20
6-15
5-15
6-11
5-21
preferred B
Co.,
Drug
(quar.)^_———
Natural
Gas,
$4.50 preferred
Class B
Kennocott
Copper Corp.
common
Kerr-Addison
Gold
Mines,
prior preferred
69
Keyes Fibre Co.,
6-15
5-18
6-30
6-15
6-15
6-
8
6-
8
6-
I
4Va9
59
common
Kingston Products Corp
Klein
Kress
1
15c
6-
5
5-23
15c
6-15
9-15
9-
5
12-15
12-
5
$1.50
1
2
6-15
6-15
6-12
6-
7-
2
6-15
7-
2
6-15
1
6-
1
6-30
6-
1
6-
5-25
*5c
6-28
6-30
$1.50
9
<
5-31
2
6-22
30c
6-15
5-31
10c
iquar.)
—-——
6-15
7-
-
37 %C
(quar.)
Emil)
(D.
k
(L B.I
Co..
5-31
6-15
7-
6-12
6-
5-18
6-10
6-
2
1
6-21
1
Co.
25c
6-12
&
40c
6-11
5-39
7-
6-15
7-
5-31
Lake Shore Mines, Ltd.
2
6-
8
8
Lamson
$1.50
Sessions
preferred
Machine
fouar.V
Co.
Co.,
1 auar.t—
Bleachery & Dye Works
—
6-23
6-
6-15
5-15
6-11
5-15
20c
;p_—„i———
2
9
10c
*
76-
20c
9
(quar.)-
7-13
1
50c
common—
common
2
±S1
(quar,)_——,—
(quar.)
Co.,
8-
$1.75
Lakey Foundry & Machine (irreg.)
Lan.Ht
6-12
S.)
6-13
Lane-Weils
2
7-2
H.)
25c
Common
7-
6-10
25c
Rubber—————
25c
&
6-12
25c
(quar.)
$1.06 V»
$2.50
2
10c
*
8
Landis
6-12
7-
25c
4
(S.
(S.
2
20c
————
Inc.
7-
$1.12%
iquar.)_—
6-8
2
6-14
2
77-
37 %c
—
6-
6-
S
25c
6-
5-25
6-
37 Vac
2
-
7-
12%c
$1.12%
30c
2
6-13
9
1
7-
6-15
G-
5-29
7-
15C
5-26
9
6-11
25c
7-1,8
8
6-
35c
/
1
6-
20c
25C
6-23
6
8-
1
9
6-30
6-
6-
6-
25c
6-15
6-15
2
5-31
6-15
2
$1.50
7-
6-20
2
6-20
1
40c
6-
7-
7-
5-31
6-
(quar.)—
Company (quar.)—
Kroger Grocery & Baking Co,—
69 1st preferred (quar.)
79 2nd preferred (quar.),———
Kuppenheimer (B.) & Co,, Inc. is-a) —
Lake St. Johns Power & Pap,. Ltd. (initial)
2
5-31
6-15
preferred (quar.)—
Corp., common
convertible preferred
Kresge
2
3
75c
9
7-
5-31
7-
1
ICing-Seeley
5-31
7-
3
6-
6-
6-15
7-
12 VaC
5-31
$1.10
3
2
2
$1.50
5-31
7-
7-
7-
States
5-31
3
$1.25
5-25
Kleinert
(quar.)
3
7-
4
—
(interim)
20C
Co., $6
5-31
7-
6-
—
Ltd,
8
—
6-11
9
6-
$1.75
—
11-10
25c
15C
(quar.) —
1
25c
IOC
(quar.)
12-
<
6-
iquar.)
Special
————
County Land Co
Kern
6-
6-30
\
6
(quar.)——————
Kimberly-Clark Corp.,
6-30
8-10
2
(Julius) & Co.——
Keisey-Hayes Wheel, Class A (quar.)—.
6-
*75c
1
7-
(quar.)
(quar,)
6-20
5-21
1
.,,,'9-
7-
—
com.
Keystone Steel & Wire Co
Kildun Mining Corp.
(liquidating)
25c
Gulf
$6
6-
6-21
1
6-
& Light Co.—
5-15
$1.50
1
6-
6-15
15c
6-21
8
6-
6-15
——
6-15
*75c
preferred (quar.) —
Utilities Co.. $4.40 pfd. (quar.)_
Hamilton Mfg. Co., cl. A partic. preference.
Hamilton Watch Co., common (quar.)
Hanna (M. A.) Co., commonPower
1
6-15
50c
Kayser
6-22
6-15
6-15
*
——;—
Power
6-12
2
6-30
7-16
50c
—
IOC
5-25
Gulf
Kansas City
6-12
7-
6-15*
6-23
Parchment Co.—
Vegetable
2
1
2
$1.25
(quar.)
IOC
(initial quar.)_
common
(Del.9
6-15
$1.50
Machine
Lamson
2
5-15
8
3
75c
Laughlin Steel Corp., com. (quar.)_
preferred class A (quar.)
59 preferred class B (quar.)——
Joslyn Manufacturing & Supply Co., com—
69 preferred (quar.)
Joy Manufacturing Co. (quar.i
Kahuku Sugar Plantation
2
6-
6-
77-
7-14
—
&
7-
6-15
8
$1.06'4
—
59
7-
6-15
6-
25c
&
Jones
7-
1
5-31
6-29
$1.50
90c
(s-a)
Copper
2
1
6-30
$2.50
(quar.)
2%c
—
(quar.)—
6-11
6-
75c
(quar.)—
Sugar,
Western
5-28
6-11
50c
(quar.)——r——-
preferred
6-15
50c
Indemnity (N. Y.)
Industries
Lakes Engineering Works
Lakes Terminal Warehouse (s-a)
Northern Railway Co., pfd. (increased)
West Saddlery Co., Ltd.—
7-
59
Great
8-
6-15
2
5
5-
1
xl%9
lc
(California)
$1.12 Va
5
6-15
2
35c
Co.—
$1.80 preferred
Grinnell Corporation
6-
7-
$1.25
(s-a)
Mines
Knight,
6-15
2
Jones
$1.25
—
Brewing
2
7-
7-
50c
(increased)
Co.
7-
50c
1
5c
American
4V49
Co
8-
8*
6-20
6-
xl'/4 9
Johns-Manville Corp.
6-
5-29
7-16
xl34 9
preferred (quar.)
(increased)—
5-17
6-15
5-22*
9
6-11
17c
(s-a)_
A
common
6-20
50c
& Co.. common......
75c
w—
4Vt9
Inc.,
1
40c
(quar.)
Grayson Shops
Great American
5-22
$1.25
&
Graton
6-15
6-15
Co.,
9
6-11
6-15
6-
X$1.75
(quar.)
preferred class
56 V4C
Manufacturing Co. (quar.)
Fisheries Co., Ltd. (quar.)
Grandview
6-15
15c
—
s-a)
F.I
preferred
$5
7-16
5-25
1st preferred
Tea
6-
25c
preferred—w
$5 conv.
7-25
6-30
69
7-
25C
(quar.)—;
Goodyear Tire & Rubber Co., common
20c
6-11
Jewel
$1.25
—
Insurance (New York) (quar.)—
Co., common (quar.)
convertible preferred (quar.)
Goebel Brewing Co. (quar.)——
—
$1.25
Associates—
Iron
iquar.)
4%%
7-10
50c
(s-a)
$5 preferred
Falls
Glen
Great
25c
59
5-14
50c
Glidden
Great
•
5
6-15
2
6-15
7-15
30c
(quar.)
$1.12 V2
—
1
6-
(quar.)
5-28
—
6-
6-15
Common
1
common
6-
6-12
Common
6-14
8-
6-15
2
7-13
$1.25
6-16
7-
5-25
30c
& Co.,
2
1
9
—
7-
$1.50
(quar.)
Corp
Gillette Safety Razor,
Valley
7-
6-21
7-
7-15
30C
—_
(quar.)
Union
89
2
6-11
6-15
$1.80
B (quar.)
59
preference C (quar.)
59 preference D (quar.)
Jamestown Telephone Corp.—
Common
Grand
1
7-
2
6-30
6-30
$2.10
preference
Kalamazoo
Grand
6-
79
1
5
5-21
2
1
5-25
6-15
6-
6-15
7-31
1
$1.95
Public Service Co., Ltd., com. (quar.)
6-
6-
6-12
6-12
7-
8
$1
preferred A (quar.)
25c
6-
37 %c
79
25C
Equipment Corp.—
Signal, common
4
6-25
1
*75c
Inc
Machine Co
Jaeger
Jamaica
7-
7-
25c
1
5-31
6-20
6-20
60c
6-
4
6-
50c
(quar.)
5-31
9
2
Ltd.—
Co.
$1.25
Gorton-Pew
—
2
7-15
Gorham
4
7-
5-29
7-
35c
——
7-
6-30
6-
Co.,
6-15
6-
9-
*$1.75
—
6-15
6-15
6-15
6-
9-10
$1.25
—
(quar.)
Quarterly
30c
6-30
6-15
1
$1.50
1
7-16
6-
Mfg.
$1.75
1
6-15
2
Fireman
(quar.)
8-
60c
7-
Iron
Georgia RR. & Banking Co.
Gleaner Harvester
Corp
8-
2
1
$1.25
Great
(atcum.)_
preferred
preferred
7-
±$1.25
—
1 quar. I
(quar.)
Co.
Eastman Kodak Co.,
Eeison
5
6-
25c
2
6-9
t40c
Ltd
preferred nrreur ctfs. (accum.)
preferred arrear ctfs. (accum.)
preferred arrear ctfs. (accum.) —
(quar.)
* 15c
common (quar.)
Nemours
(initial
Malleable
6-
*$1.75
RR. Co.
preferred
6-15
6-30
.
7-
5
65c
9
Georgia Power, $5 preferred
69 preferred (quar.)
*$1.25
"(quar.)
Lead
Airlines
7
*35c
puval Texas Sulphur Co.
Eastern
7-
J30C
(quar.)
Ltd.,
preferred (quar.)
Durez Plastics & Chemicals (quar.)
Lagle-Picher
1
25c
Duquesne Light Co., 59
past Mahanoy
5-25
8-
79
75c
common
6-12
30c.
—
Stores
Gas
$1.25
Reinsurance
*20c
de
preferred
5-31
6-11
25C
(quar.)
I.)
8
6-15
62V2C
(quar.)
Dunlop Rubber Co. Ltd.—
Ordinary registered (final)
Duplan Corp.
Pont
5-31
25c
_—
Dresser Industries, Inc. (initial)
Driver-Harris Co. (quar.)—
Drummond Street Realty Corp
Du
1
prefer!ed
69
General
8
25c
Gisholt Machine Co.—
(quar.)
preferred
6-11
t$1.25
Corp.
Textile,
7 9
6-
*55 V2C
—
Dome Mines, Ltd. tquar.)_
—
Dominion Foundries & Steel, Ltd. (quar.) —
Dominion Malting Co., 59 preferred (quar.)
Stores,
6-22
15c
Company
Dominion
9-
20c
—
(quar.)
Dominion
8-10
75c
Corp.;' common (quar.)
69 preferred (quar.)—.
Distillers Corp.-Seagrams, Ltd.—
Common
5-25
8
25c
Diana Stores
Doehler-Jarvis
9
Co.—
69 participating preferred (s-a)
Diamond T Motor Car (quar.)
Dobeckmun
6-
1
69
6-
25c
Inc., common—
—
59 preferred (quar.)
2
$1.50
conv.
6 Va
6-20
20c
(quar.)
Advertising Co., common..
8-15
6-15
6-15
1
6-
7-
$37 %C
preferred (quar.)
Iowa Southern Utilities Co.—
13%C
(quar.)
(quar.)
6-15
*75c
iquar.)
Co
$2
Outdoor
6-15
69
6-30
!
6-30
5-15
$1.75
(accum.)
Foundation,
Investment
6-30
25C
89-
Corp.,
preferred
$5
50c
$1.50
Divco Corporation
Dixie Cup, $2.50 class A
Motors
25c
$1.75
(quar.)
Co.,
Cigar
General
Inc. (irregulari_
Giorgio Fruit Corp., $3 partic. pfd. (s-a)_
preferred
Co.,
preferred
25c
General Industries Co.,
General
6-15
6-30
3
$0.0375
of Canada,
68%c
(quar.)
1
Di.
59
A
2
Dewitt Hotel,
Common
preferred
7-
General
1
>
25c
Corp. (quar.)_,
75c
75c
(irregular)
6-14*
*$1.38
Gay lord Container, common (quar.)
5*49 preferred (quar,)
Gemmer Manufacturing, class B (quar.)—_
5-25
Natural
6-
*$1.25
10-
6-11
Interstate
5-31
6-15
6-30
*20c
(quar.)
preferred (quar.)
5Va 9 preferred (quar.)
Baking
Department
79
10c
59
General
Interstate
35c
Gatineau Power, common
participating
6-30
25c
Garrett Corporation
$3
International Salt
7-25
34 %c
—
(quar.)_,
$1.75
59 preferred (quar.)——
Devonian Oil Co. (quar.)
Match
preferred iquar.)
com. (increased
quar.)_
,
preferred
5-31
6-15
7-
6-30
$3
(S-u)
Co., 5 9
pfd. (quar.)
International Power Co., Ltd.—
5-26
10c
4-20
30c
Paper
8
30c
6-11
7-21
$1.62%
(quar.)—
22c
(irregular)
preferred iquar.) —
Bottlers, 55c conv. preferred (quar.)
$2
Diamond
69
(Julius t,
'
preferred
6-15
50c
(quar.)_.
A
6-30
7-20
79
6-
$3
—
1
$1.62%
_
Cigar Machinery (quar.)
International Harvester, common (quar.)
*50c
(year-end)
common
Investors
(Robert),
5%%
*35c
(quar.)
Street
$1.75
Semi-annual
Co.
Canada
6th
Auto,
class
Co.,
5-28
6-20
Detroit-Michigan Stove Co.—
Alkali
Ltd.
Co.,
Extra
■
of
West
6-15
6-30
Detroit Hillsdale & Southern Western RR. Co.
Diamond
Co.
Wheel Drive
6-19
7-
$1.25
(quar.)
pfd. (accum.)
preferred
Machines
8-
6-15
9-20
12-20
6-30
*$3.75
(quar.)
participating
Business
25C
A
9-29
12-30
59
Copper
International Nickel Co.
common
$1.75
preferred (quar.)_
Detroit & Canada Tunnel Co.
69
7-16
Corp.,
prior pfd. (quar.)
9
—
International
Common
6
.
79
Int'l
8-
6-13
50c
5-26
25c
35c
—
5-26
6-16
Service
25c
—
6-
6-16
Fulton
Corp., 69/
6-20
3
$1.25
Shares-;
6-14
15c
pfd. (quar.)
79
(quar.)
6-11
*25c
Cmada, Ltd., class A——
5-31
6-30
$1.75
—
Ltd.
Powders, Ltd.—
6-25
25c
.
Y.),
(N.
preferred
50c
of
6-
6-11
*20c
Group
Baking,
*25c
Co
7-
International Bronze
6-15
Garfinckel
$1
1
Insurance
Inter-City
2
7-
50c
5
7-
6-15
—
6-15
37 VaC
35c
Co. (quar.)
RR.
6-30
5-21
5-12
Ltd.—
Wheeler
75c
Hudson Co. ,iquar.)
Institutional Securities,
Foster
Gair
Corp
5-19
6-14
Gabriel
.
6-15
6-
5-11
6-11
30c,
(accum.»
Consolidated
6-25
37»4C
Corp
Inspiration
G-15
8
6-11
Ltd.—
preferred
6-15
25c
Deep Rock Oil
5-19
69
Co.,
2
5
(quar.)
6-15
preferred
7-
6
—
Cohn
&
Ingersoll-Rand
6-8
6-
?50c
50c
Silica Corp., 6Va9
preferred (accum.)
37 VaC
8-
preferred
6-18
$1
—
11-
(quar.)--
2
conv.
5-31
8-15
$1.75
7-
25%
held)
6-15
2
*$1
Lines)
A
Industrial
6-20
11-15
——
6-18
2
$1.12 V2
__
four
—
12 Vac
preferred iquar.)
prior pfd. (quar.)
Corp.
Malleable
Decker
$2
5-28
40c
1 increased)_
each
lor
(initial quar.)
B
12V2C
(s-a)_
11-20
2
62 VaC
common
share
1st
1
7-
6Vn9
5-19
7-
Corp.—
7-
6-15
25c
Corp.,
Brownhoist
6-11
60c
9
6-30
$2.25
$1.31 >4
$2
Indianapolis Railways, Inc
Indianapolis Water, 59 pfd.
Industrial
8-20
$1.50
6-22
56V4C
$4
Inc.—
Light, 79
Chemical
Hotels
12-
5
1
25c
(quar.)
(One
Ford Motor Co.
Four
RR.
Clinton
div.
Class
Co., com.
(s-a):_9———
Delaware
Ford
Inc.—
—
Port
Machinery
iLeased
Foreign Light & Power Co., 69 pfd. (quar.)
Foster k Kleiser, 69 class A pfd. (quar.)
2
50c
—
(quar.)
Corp. common iquar.)
Curtis
Davison
9
5-15
25c
(quar.)
preferred (quar.)l
Forster, 89' preferred (quar.)——
Extra
6-
6-15
$1.50
conv.
&
6-30
of America—
Crucible Co.
Culver
$4 preferred
Class
r~,
Publishing
Cork & Seal Co.,
Crum &
1
25c
(quar.)—
Crown-Zellerbach
59
Stock
$1,25
Extra;
$2.25
1
6-
Works—
& Knowles Loom
Crowell-Collier
Crown
66-
6-15
12 V2C
(quar.)
6-14
6-25
50c
Inc.
Corp.
Crosley
Food
preferred
6-20
6-
*10c
25c
(quar.)
common
5-31
6-18
Imperial Life Assurance Co. of Canada (quar.)
Imperial Tobacco Co. of Canada, Ltd.—
'
Stores,
9
6-30
(s-a)—
50c
(quar.)
.
Fair
RR. Co.
15c
Co., class A
(quar.)_
B
6-
6-15
9-
17 VaC
•
Shoe
25c
Corp.—
preferred
(quar.)—
Food
2
75c
17 Va C
common—J.
Co.,
62 V2C
(accum.)__
(quar.)
(quar.)
America,
Petroleum
Crompton
—
preferred
6-
62 Vac
$1.08%
Interim
(quar.)
$2.50
common
preferred
conv.
Creole
(quar.)
preferred
Company,
common
preferred
79
Corp.—
convertible
Creameries of
Corp..
preferred
Petroleum
Crane
common——
79
1
8
1
$1.25
Chemical Industrial,
Ordinary shares (final)
5-31
6-30
6-15
6-
(quar.)
Central
11-21
3
37 Vac
preferred (qunr.)
Bell Telephone
(irregular)
guaranteed
1
7-
$1.25
Imperial
Fitzsimmons Stores, Ltd.—
6-14
6-15
20%
Philadelphia (stock div.)
6-29
Co.,
preferred
5%
12-
6-20
&
59
Illinois
8-21
6-20
preferred (quar.)
5
1
6-30
Co. of Texas.
Stores
59
9-
6-
Refining Co. (quar.)
Huron & Erie Mortgage
(quar.)
Huttig Sash & Door Co., common
6-
2
6-
90c
9
7-10
5
3
6-
(quar.)
6-
6-20
5
7-
30c
Hudson
7-15
5
912-
6-28
——
5-29
6-12
$1.62 Va
common
Inc.
6-20
Fiduciary Trust Co. of New York
7-
25c
Corp.,
Co.,
59 pfd. (accum.)
Corp., 59 9 pfd. (quar.)—„
Bay Mining & Smelting Co., Ltd—
25c-
6-
9-15
12-15
35c
9
$1.75
6-15
1
$1.12 Va
Howard
(quar.)
6-
6-15
(quar.)——
(quar.)
6-
Corp
7-17
9
$1.06 V.
—
8-U
$1.75
prior
:
6-30
5-31
6-19
7-27
25c
Lighting & Power Co.
Oil
6-
6-29
*$5.25
8-15
6-18
5-22
25c
pfd. (accum.)
Houston
5-31
6-15
Co.—
(quar.)
common
Statler
7 9
9
9
75c
$3
Ltd.,
6-
6-15
2
*25c
(qu(ir.)„—
Houdaille-Hershey Corp., $2.50 cl. A iquar.)_
Household Finance Corp., 59 preferred—
6-
6-
7-
6-15
25c
Co.,
9-15
6-30
6-15
30c
6-16
15c
5
1
30c
1
10c
5
30c
2
25c
preferred (quar.)-,
Copper Range Co.——
69
Cooper-Bessemer
common
7-
Cleaning & Dyeing—
of
k
Corp.
preferred
Houston
6-
15c
—
*$1.50
(s-a)_
_■
Ferio
Association
i
10-
Corp
6-15
Fire
(monthly
$2.50
6-30
5-21
75c
common
$2.50
25c
6-21
6-15
25c
A—
Oil
Co.,
Hotels
5
6-
20c
—
preferred
9
6-
6-15*
2
25c
-
(quar.)_„
.
class
$4.25
10c
(quar.)
Light,
—
Renfrew
6-15
6-30
25c
participating preferred
preferred (quar.)
(quar.t
-
_
5-15
1
6-15
7-
6-15
25c
Hinde & Dauch Paper Co. of Canada (quar.)
Holt
(Henry) & Co., Inc.—
$1 class A„„—
——
9-17
6-28
*7 Vac
5
5
25c
Common
30c
Fireman's Fund Indemnity Co.
(San Francisco, Cal.)
(quar.)
79
Co.,
6-15
2
15c
Electric
9-
Co
Gas
6-21
Continental -Telephone Co.—
(quar.)
Spencer Bartlett k Co.
12-
40c
Continental Steel Corp.-'
50c.
50c
30c
25c
(Del.)
Co.
6-22
6-
7-
$1.25
75c
€-30
2
(quar.)
Monthly
$1.25
Co
;
Truck
Enamel
Rubber
$1.25
,
30c
_____
Sugar
(quar.)
Hooker Electrochemical
56 %c
93%c
5-31
6-15
&
Co.
75c
Smelting
Corp
Mogul
Glass
Heywood-Wakefield
common
&
7-
(interimi
common
Heileman
Commercial
Corporation
2
6-15
3 7 VaC
Hecla
6-14
(s-a)
6-15
$3.75 preferred (initial quar.)
Continental Diamond Fibre Co
6-14
2
Hibbard
Fire Insurance Co. of Canada
7-
Press, Ltd., class A (quar.I
Coal Co., $3.50 preferred
Continental Assurance Co. (Chicagoi (quar.)
Can
preferred
$1
7 VaC
Consolidation
2
it
Shops,
6-15
Consolidated
Continental
Bake
$ 1.12 V2
(quar.)
77-
—_
2
(quar.)
Utilities Corp. (quar.)
Gas
Hazel-Atlas
preferred (s-a)
(quar.)
7-
preferred series C
49
Consolidated
Y.)
I
Hazeltine
Hawaiian
7-
$1
6-22
(quar.)__
Federal Mining
—
<quar.)—_
preferred series B
4Vat'
r
N.
59
2
I
75c
(quar.I
Haverty Furniture Cos., Inc.—
$1.50 preferred (quar.)..—
6-14
50c
Quarterly
Inc.—
——-——
69
preferred (quar.)—
Farmers & Traders Life Insurance
6^23
prior preferred
common
6-22
$5
7- 2
Co.,
2
$1.25
6-
2
$4
Chemical
2
7-
$1.25
2
7-
50c
preferred
6-17
6-
preferred
7-
15c
5-31
6-28
6-15
$1.25
$1.18%
(quar.)
(quar.)———
——
Consolidated Edison Co. of New York, Inc.—
preferred
$4.75
6-15
15c
6-29*
$5
60c
Consolidated Cigar Corp., common
25c
6-29*
Metallurgical Corp.—
preferred (quar.)
"
Consolidated Biscuit
Corp.,
6
(iquar.)-—
Fansteel
*20c
Connecticut Light & Power Co., common
Consolidated Bakeries of Canada, Ltd
Brewing
7-
Harnischfeger Corporation, common iquar.)_
Hartman Tobacco, $3 preferred
(quar.t
2
interest
6-15
7-20
Harshaw
7-
preferred
Falstaff
1
*4c
beneficial
$1.50
6-5
2
6-12
7-14
80c
deduction
7-
6-18
$1.50
Ex-Cell-O-Corp.
(quar,.)——
Exchange Buffet Corp.———.
——:__
Falconbridge Nickel Mines (interim)
9-25
*$1.50
after
of flee.
6-20
$1.12%
2
7-
(quar.)
1
preferred (quar.)
Eversharp, Inc., common (initial quar.)_
59 preferred (quar.)—
6-25
6-30
*$1.50
Quarterly
2
7-14
40c
gtd. (quar.)
79
is
25C
(quar.)
Harbison-Walker Refractories Co.—
69
preferred (quar.)
$1.25
—
59
5-15
Quarterly
of
7-
(quar.)
preferred
Holders
Payable
6-30
*25c
RR.,
payment
Certificates
6-
tVften
Share
common
$1.37 Va
(quar.)
Pennsylvania State tax of 7%c.
Railroad Co., common
Erie
6-14
6-15
Pittsburgh
above
5-28
4M?9
Paper Co.
56 V4C
(quar.)
class A,
non-cum.
&
The
9
Name of Company
Hammermill
1
(quar.)
preferred (quar.)
English Electric Co. of Canada, Ltd.—
5-15
6-
6-18
28c
$5.50 preferred
6-20
6-
A
5-28
70c
$6
6-20
6-29
preferred
9
60c
(s-a)
Engineers Public Service, $5 pfd.
2
50c
preferred
6-
60c
Empire District Electric Co. (quar.)_—
Emporium Capwell Co., common (quar.)
6-12
2
$1.75
2nd
6-15
$1.12 Va
(quar.)
Ely & Walker Dry Goods—
79
1st preferred (s-a)
6-12
$1.06 Va
Co., common
2
Per
of Rec.
7-
25c
—_
Payable
*25c
Co
El Paso Natural Gas
6-12
$3
- -—--
Boat
Elgin National Watch Co.—
El Paso Electric, $4.50
preferred (quar.)
6-15
7-
Share
pfd. (quar.)
Special
2
$1.25
Products, 59
2485
Holders
25c
Steel
Electric
6-15
When
25c
Eastern
6-15
2
Name of Company
.
5-25
7-
75c
Per
of Rec.
6- 9
7-
50c
Cockshutt Plow Co., Ltd. (s-a)
:
Colgate-Palmolive-Peet, $4.25 pfd. (quar.) —
Colonial Ice Co., $5 preferred (quar.)
$7 preferred (quar.)
Columbian Carbon Co. (quar.)
Commercial Credit Co., common (quar.) —
4149 preferred (quar.)
Commercial Shearing & Stamping Co
Commonwealth
Payable
$1.12 Vi
preferred (quar.)—
Graphite Bronze, common
5%
preferred (quar.)
Cluett Peabody & Co., common (interim) __
7 9, preferred (quar.)
Coast Counties Gas & Electric—
59
1st preferred (quar.)
Coca-Cola Co., common (quar.)
:
$3 Class A (s-al———
Coca-Cola International Corp., common
$4.50
(s-a >- ------- -
Holders
50c
Cleveland
Class A
When
6-15
62 Vac
7-
_
8-
4
11-15
25c
$1
4
6-21
2
8-15
25c
2Sn
6-
1
11-
5
6-15
5-23
6-14
5-20
*
.
2486
Per
{25c
Common ——^ ™
^bi/
Belt
Co.,
b-ib
8%
%\.V2.h.
50c
$2
**
Ltd.——
Inc
——
JOc
14c
25c
$L25
II
25c ;
i°c
common
Razor,
$5 preferred (quar.)—
Magma Copper Co.—
—
--
Company —
(I.) Co. (quar.)>.
(R. C.) Company (quar.)—
Magnavox
M-ignin
Mahon
3ac
$0'2^,b?c
$3-25
50c
Mangel Stores, $5 preferred (accum.)
Mapes Consolidated Manufacturing (quar.)-Marconi Internat'l Marine Commun. Co., Ltd.
Marshall
Martin
(Glenn L.) Co
Marven's Ltd., 5/> preferred
Masonlte Corp.,* common (quar.)_—
Massachusetts Investors Second Fund,
$4
43%c
preferred
M ;ad
Corp., common—
5%
Telephone,
5 4
1st
5 "r>
1st
5.%
1st
7- 2
69126912-
..4'preferred (quar.)
$1.12'A
5'4% preferred (quar.)^___—
$1.31'/*
Mivgenthaler Linotype Co
—>
$1
20c
62'Ac
35c
$1.75
97'Ac
Oil
er
I2V2C
25c
—
___
Co.,
Inc.,
(quar.)
common
—
Corp
'a Machine
Co.——i_——————
(quar.)
Met"1! & Thermite Co., common
"r'0
preferred (quar.)_—
;
—
Metropolitan Edison, 3.90^ pfd. (quar.)_—
Mi ' igan Public Service Co.—
'■
f. "0
preferred (quar.)_—___——_—.——
Li preferred series 1940 (quar.)—.—6 'i junior preferred (quar.)
7 i
preferred (quar.) ——-i
:
Mi"'Mgan Seamless Tube
Michigan Steel Tube Products„_„„:
—
Mi< kelberry's Food Products Co., com. (s-a)_
Extra,
$2,40
—.j—.
Hcne
5convertible
Mid
Continent
Midland
Oil
Midland
8%
$2
—
Corp.,
$2 preferred (accum.)_
Products,
preferred
preferred
common—
preferred
—-
pfd. (quar.)
Middle West Corporation
(irregular)
Miller & Hart $1 j;rior preferred———
Minneapolis-Honeywell Regulator, common—
Mississippi River Power Co., $6 pfd. lquarj_
Missouri-Kansas Pipe Line, com. (irregular)
Class B
(irregular)
;
Mid-West
50c
25c
50c
(quar.)
;
;
$2
(quar.)---—50c
——
50c
(s-a)
—.
37'Ac
(s-a)
4c
Midvale Company
Midwest Oil Co., common
Pre
(irregular)—
Petroleum Corp.
Steel
1
Refineries,
Inc.,
conv.
37'Ac
;
25c
• ;c-; 50c
25c
» $1.50
30c
l'Ac
(increased)—
30c
Mobile & Birmingham RR. Co., 4r,'c pfd. (s-a)
t$l
$2
50c
Missouri Public
Mitchell
Mohawk
Service Corp.
(Robert)
Carpet
Ltd
Co.,
Mills,
Inc
—
Mojud Hosiery Co.. common
——
20c
5% preferred (quar.)—62'Ac
Mc^son
Brewery,
Ltd.
73>
5%
preferred
5%
—
i
.
Haven Water
5
New
5
New Jersey
New Jersey
8-30
Newport
(s-a)
Co.
Zinc Co,—
1
6-
4
Common
7-
a
5-18
New
6-15
New
preferred (quar.)
York Central RR. Co. (Irreg.)
York City Omnibus-^
York Power & Light. Corp., 7','c
New
6-
$6 preferred
——
New York & Queens Elec. Light & Power
9-
(quar.)
Common
Niles-Bement-Pond
126-
Norfolk
Norfolk
&
Noranda
125-31
6-15*
8
6-
8
North
1
6-16
1
6-20
7-1
7- 2
6-15
6-15
6-15
6-20
6-12
6- 9
7- 2
6-30
6-30
6-14
6-15
7- 2
6- 8
6- 5
7- 2
(subject
held
shares
100
each
5
Prior
preferred (quar.)_——
North Carolina RR. Co., 7'A preferred (s-a)
North Pennsylvania RR. (quar.),.
North River Insurance Co. (quar.)
*
—
North
6-15
Northern
6-15
Northwestern
6-15
5-24
5-24
5-31
5-31
6-18
6-
5
6-20
56-
1
1
6-11
6-11
6-11
6-16
5-15
5-15
5-31
6-
1
Star
Oil,
7"n
Ltd.,
pfd. (accum.)_—
Natural Gas Co
Leather,
6-16
6-16
6-
8
7-
3
6-
8
$1.25
7-
3
6-
8
7-14
6-15
6-
8*
5-21
6-
9
5-31
9
5-31
common
(initial)
(s-a)
—
—
1
7-21
Philco
2
6-25
Phillips
6-
6-30
6-11
Pilgrim
6-15
5-28
8-
1
7-16
7-
2
6-15
2
6-
1
5-24
5-28
6-15
6-
5
6-
7
7-15
6-15
6-11
5-31
Placer
6-15
6-
6-15
5-31
Plymouth
Oil
6-
5
5-14
Pollack's.
Inc.,
7-
2
6-16
Potter
9
1
Power
6%
5-29
20c
6-12
6- 5
20c
6- 9
6-
40c
6-
8
5-23
$1.50
7-
2
6-
$1.25
7-
(accum.)-
Preferred
6- 1
6- 2
25c
6-30
6- 2
50c
7-
6- 8
2
6-15
Preston East
$1.50
6-4
5-21
50c
10-22
10- 1
6-12
6-
6-
7
5-26
6-30
5-31
6-14
6- 1
$1
7-16
7- 2
1
9-15
6-12
5-28
4
Price Bros.
$1
$1
20c
37'Ac
7-
2
6-
6-
9
5-18
Procter & Gamble Co.,
6-16
6-
Prudential
6-15
5-25
50c
6-
1
5-15
8-
1
7-16
7-16
5-26
6-26
6-14
6-14
6%
6-
5
5-24
6-11
5-25
$2
6-15
25c
6-15
6-
75c
7-
2
6-11
{25c
6-15
5-22
25c
6-28
6-
1
6-15
6-
1
6-15
6-
1
6-15
6-
1
{$1.50
7-16
6-20
{75c
7-16
6-20
20C
6-19
6- 5
{5c
7-14
6-15
7-
5-31
25c
(increased)-
(quar.)
(quar.)
$1.22
6-14
6'A
7%
preferred (quar.)—
8%
preferred
i $1.37'A
Investing
pfd. (quar.)
6-15
6c
6-30
6-15
Corp
of Colorado—
Public Service Co.
41 %C
7-
2
6-15
6%
50c
7-
2
6-15
58'Ac
7-. 2
6-15
25c
6-29
6- 1
$1.25
6-15
5-15
50c
6-15
5-15
preferred (monthly)-.
preferred (monthly)
7% preferred (monthly)
Public Service Corp. of New Jersey,
$5 preferred
common
(quar.)_
preferred
50c
6-30
'5-31
$1.75
6-30
5-31
50c
6-25
50c
6-25
$1.75
7-2
6-20
6-15
6- 1
7-16
6-20
5
6-14
6-
1
6-
9
5-16
6-15
5-15
Common
30c
6-11
6-
7%
non-voting (quai\i_
original preferred (quar.)—
$1.50
7-
2
6-22
77f
1st preferred
$1.75
$1.50
7-
2
6-22
7'/o
(quar.)
1
...
& Gas
.
(quar.)
$5
prior preference
Pure
2
6-
1
75c
717/Bc
87'Ac
20c
$3.50
$1
7-
2
6-
8
7-
2
6-
8
7-
2
6-15
7-
2
6-15
8-
1
7-21
6-
9
6-
25c
6-
9
5-24
{83/4c
7-
50c
25c
$2
{25c
9
9
2
6-11
2
6-11
Rand's
8'A
2nd
$1.60
2
8-15
7-16
6-
6-20
—
$1.50
6-20
10-1
...
{50c
1
7-3
6-
7-
4-25
1
(quar.)
(monthly)
7-
1
1
4-25
7- 1
7- 1
6-14
Pacific
Mills
6-14
Pacolet
Manufacturing.
{$1.75
{$1.25
10- 1
10- 1
Plantation Co.
Pacific Indemnity Co. (quar.)
Sugar
(quar.)
Ltd.
(quar.)
5e/c
preferred
is-a)_
(initial quar.)
6-
7
6-13
6-
7
15c
(quar.)
6-13
25c
Extra
6-
5
5-25
50c
50c
S2.50
7-
2
6-15
6- 1
6-15
6-
1
9-15
9-
1
1
9
5-29
37'Ac
6-12
5-28
50c
6-14
50c
7-12
6-21
$15
Inc.
7-
2
6-15
2
6-15
6-30
6-22
6-
(quar.)
(accum.)
I
7-
$1.25
25c
preferred
preferred
(quar.)
&
9-
1
4 12-
1
{40c
(quar.)—1
{40c
■i
—
5-24
25c
%
t$1.62'A .?:■
6-29
6-15
8-
1
11- 1
6-20
5-31
5-18
6- 8
30C
6-15
30c
7-
2
~
$1.12'A
7-
2
6-
IIIIIIIIZ
~"~I
37'Ac
6-25
6-
5
25c
6-15
6-
4
(quar.)_—
Reo Motors, Inc.—
Aviation
—
Corp._—
:
Republic Investors Fund—
6% pfd. A (quar.)
c
6% pfd. B (quar.)
Republic Steel Corp.,;
/
preferred
&
preferred
Reynolds Spring
Rheem
(quar.)—
Co.———IIIIIIIIIIIH
Manufacturing Co.,
7%
6-15
6-
1
7%
6-15
6-
8
Riley
{31»/4c
7-
2
6-15
{$1.25
7-
2
6-14
Ritter
57o
2nd
1st
2nd
preferred
common (quar )
7-16
7-16
6-11
$1.50
7-
2
6-11
$1.50
7-
2
8-
1
1
preferred
preferred
IIIIIIIII
(quar.)„„_HIHII
(quar.)
< quar.
Corp. (quar.)
Company, Inc.—
preferred
25c
25c
6-30
6-15
•
>1.—Ill
$1.75
7-
1
$1.75
7-
1
$1.75
10-
1
$1.75
in-
1
10c
Stoker
convertible
1
2
8-
Brass, Inc.—
Rice-Stix Dry Goods Co.—
<
•7%
1st
preferred (quar.)
7%
8-
7-
$1.31 '4
prior preferred A
Revere Copper
15c
■
(quar.)—I___CII~
(quar.) _IIIII1III
6'A
8
V 25c
15c
—IIZIIIIII
;
common
8%
-
5J/4"/p
tl5c
{$1.25
25c
(quar.)
6-
6-15
Mills, Ltd.---
preferred
Republic
1
5-23
6-15
____
5-23
9-
6-15
5-31
35c
Co
non-cum.
$4.50
6-15
6-
1
5-31
37'AC
Engineering Co.
> Reliance Grain Co. Ltd., S'A 'A pfd. (accum.)
Reliance Insurance Co. (Phila., Pa.) (s-a)—
Remington Rand, Inc., common (quar.)
7-16
7-10
1
8-
6-15
25c
__
(quar.)
common
1st preferred
$1,60 non-cum.
6-15
{$1.75
50c
20c
6-
8-31
2'Ac
(quar.)
(quar.)—
(increased)
Co.
Reliance Electric
9
6- 1
6-25
10c
common
(quar.)
Bit
6-20
6-25
20c
preferred
Roller
6- 8
2
$1.50
(quar.)——
Silk Hosiery Mills, Th pfd.
V'o prior preferred A (quar.)
5
2
7-
75c
(quar.)
Packing
6- 8
7-
75c
(quar.i_
2
37'Ac
(Pittsburgh),
Common
5-25
5-15
7-
10c
—_
preferred
6-15
$1.50
common
Rapid Electrotype Co.
8-15
9
6- 8
$1.25
Inc.—
6#> preferred (quar.)_—
Pyrene Manufacturing Co
Quaker State Oil Refining Corp.
2
7-
87'Ac
15c
6- 8
•
6-15
«
25c
—
;
'
Extra
6-
7-
Products.
Quaker Oats Co.,
6-
2
(irreg.)
common
6preferred (quar.)-;
3
7-
Co.,
preferred (quar.)
Purolator
7-
37'Ac
$1.25
Oil
5r/o
6-25
{25c
preferred (quar.)————
Car & Aircraft, Ltd.,
Ottawa Electric Ry.
(quar.)
Ottawa Light Heat & Power, Ltd.—
$1.25
(quar.)
Pullman, Inc.
,
20c
6%
pfd. (quar.)
,
Puget Sound Power & Light Co.—
7-
Ottawa
-
voting (quar.)__
common
6-15
common
$5
preferred (quar.)
Corp.,
5-15
6-15
6-
Publication
5-15
$2
$1.25
5-18
Public Service Elec.
6-15
7-16
6-15
6-15
5-31
common—
.
$1.75
6-14
6-30
Ltd.,
1
$1.25
5 Vo preferred
6-15
Products Co.,
7
37'Ac
(quar.)
Co., Ltd.. 5'A (/o
&
6-15
Corporation, common
(quar.)—
5-21
5%
Co.——
preferred
1
25c
(monthly)
preferred (monthly)
9
10-
$1
(quar.)
Mines
Dome
6-
—_
1
25c
Insurance (N. Y.)
6-30
(quar.)
1
2
6-30
{5c
(quar.)
partic. preferred
Accident
6-20
common
1
30c
1st preferred
6-
6-11
7-
8
non-cum.
6-30
6-20
40c
common
5-29
9
of Canada, Ltd.—
6%
5-31
6-15
Corp.
433Ac
Old
9
6-
Erie RR. Co.—
Inc.
—.—22V2C
Oklahoma Gas & Electric Co., 7% pfd. (quar.)
$1.75
Co.,
preference
Page-Hersey Tubes,
6-
10c
Alexander,
Powdrell &
5-31
6-15
5-12
t$1.75
t$1.25
9-14
5-24
25c
Company
6- 5
Brush
8
10c
67c
6-15
preferred
6-
6-10
—
(quar.)
preferred
Co.
6-15
—
Fibre
6-10
.
25c
Co.,
Paauhau
9-14
Plate
25c
5%
2
Metallurgical (quar.)
r
Glass
1
Development, Ltd. (interim)^
Pittsburgh
Pittsburgh
5-12
Ox
6-10
.7-
Pittsburgh Forgings Co. (quar.)
Pittsburgh & Lake Erie RR. (reduced)
2
6-21
7-
6-15
Common
2
Meter.
Regent Knitting
Otis Elevator Co.,
5-15
7-
50c
8-15
Equitable
Reed
6-12
5-28
2
S1.06'/4
Pittsburgh
6-15
7% preferred (quar.)——.—*.—
Oppenheim, Collins & Co., Inc
Orpheum Building Co. (s-a)—
—
6-12
5-31
7-
Pittsburgh Brewing, $3.50 preferred (accum.)
5-28
—
6-20
6-
6-22
6-30
& 1.06'A
7-31
5-31
Steel
6-21
6-30
{2c
6-19
3
8ff
6-15
2
-
6-29
7-
Ontario
2
7-
75c
6-15
Omnibus
6-21
7-
——
6-30
—
(initial)..
2
7-14
(s-a)
Common
{25c
Service
6- 8
25c
Bessemer & Like
Pittsburgh
2*
7'Ac
15c
(quar.)
(quar.)—
Ogilvie Flour Mills Co., Ltd., common (quar.)
prior
2
$1
6-16
$l:62'A
pfd. (quar.)
Co.__
Oak Manufacturing Co.
Water
7-
50c
6-
25c
$1.75
5-31
40c
Co
6-
Ohio
6-
6-15
$1
(quar.)
preferred
$4
-
5-25
Exploration
6-15
Ohio Seamless Tube
6-27
Pillsbury Mills Co.—
Raybestos-Manhattan,
Oil
6-15
$1
40c
(interim)
Gold Mines
Pickle Crow
1
6-15
Reading Co., 4?0
Extra
6-15
2
25c
5-22
Ohio
2
7-
Co
6-15
Corp.
6-15
7-
20c
Packing
6-20
Nu-Enamel
6-11
2
1
Trading Corp.—
&
2
No-Sag Spring Co.
2
7-
Corp.
Rath
(quar.)_
Norwalk Tire & Rubber Co., 7r'c
Pharmacai
7-
$1.75
(quar.)
6-11
preferred
$6.50
6-11
.
7-
Northland Greyhound Lines, Inc.—
Norwich
2
$1.50
(quar.)
common
participating class A
8-
15c
25c
{25c
40c
$3.50
25c
25c
60c
6-12
7-
$1.25
preference (quar.)
—
Electric Co., common (quar.) —
$1 preferred (quar.)
——
Philadelphia Electric Power, 8% pfd. (quar.)
Philadelphia Gennantown & Norristown
RR. Co. (quar.)
Philadelphia Transportation Co.—
Participating preferred (s-a)-
5-15
6-
$1.25
6-
6-30
Philadelphia
7-14
6-11
«
6-15
70c
$1.25
$5
2
5-
2- 5
75c
•
(Charles) & Co., new common
Phelps-Dodge Corp.
Philadelphia Co., $6 preference (quar.)
6-29
6-15
3-15
——
Pfizer
5-31
1
5
21-15-46
8
6-14
8
4
11-
1
30c
Ltd. /(quar.)
preferred
1st
Petroleum
6-11
8-
11-15
35c
4'/*;% 2nd preferred (quar.)^
Peter Paul, Inc. (quar.)—
Petroleum Exploration (quar.)
8-10
8-
12-15
8-15
5-28
15c
:
Mines,
Gold
4'/4'Zv
6-16
50c
—
(initial)
$2.50 preferred
Pet Milk Co.,
7-
7% pfd. (quar.)—
North American Finance,
6-15
Perron
to
6%
5-31
6-15
7- 2
6- 1
6-15
7- 1
' 7- .1
—
approval of SEC)
preferred (quar.)
5% l/i> preferred (quar.)
6-20
6-
—
American Co-., common (stock div.)—•
share of Pacific Gas & Elec. com.
for
6-20
6-
(quar.)
One
6-20
6-
common
(quar.)
(quar,)_
preferred A
1st preferred B
$6
6-
Corp.,
1st
$6
6-16
6-
1-2-46
4-1-46
{$1
(quar.)—.
American Car
North
6-16
2
11-
9-15
25c
$1
$2.50
Co.
Ltd.
2
1
10-1
$1,75
Western
Mines,
Company
Permutit
1
b-15
Co. (quar,)
———
Machine & Gear (quar.)
Perkins
Co.—
Ry. (irregular)
Railway Co. (quar.)
Southern
9-
.—
—;
6-14
-
pfd
5-31
6-30
-
———
—————
4
Dock—
$5 convertible
News
Newport
6-27
-
—
—
Shipbuilding & Dry
6-
6-
2
.1
Circle
Perfect
50c
75c
$1.42
—
Mining Corp.—
8
2
6-
7-
5
15c
6-
2
•i-14
35c
—
(quar.)——
$1.25
4% pfd, (quar.)_
Power & Light,
12'Ac
—
—
9-20
5-31
6-
35c
preferred J quar.)
—
preferred (quar.)————
Pennsylvania Railroad Co
Pennsylvania Salt Manufacturing Co. (irreg.)
Peoples Drug Stores, Inc
—
—
Peoples Gas Light & Coke Co,; (quar.)
12-20
6-15
50c
$6
12-
$1.50
37'Ac
$1.50
Industries, Inc.-.
Newmont
6-21
5-31
50c
$7
9-
$1.12'A
$1.31'/4
New Haven Clock Co.—.
—t25c
(quar.)
preferred (initial)
preferred (initial)
preferred —
common
5-31
Molybdenum Corp. of America
Monarch Knitting Co.. Ltd.—
1%
'
S7
New
1
11-28
2
2
2
2
6- 8
6- 8
6-12
6-12
7- 2
(quar.60c
Corp., common
!
15c
preferred (quar.)
12'Ac
preferred
Mie-omatic
.
$6
6-19*
7777-
$1.50
$1.50
$1.50
$1.75
25c
25c
10c
5c
•
6-
7
..
(quar.)_
England Public Service Co.—
prior lien preferred (accum.)
prior lien preferred (accum.)
England Telephone & Telegraph Co
6-
6-30
7- 2
Me
A
&
Corp.
(Herman)
Newberry (J. J.) Co.,
5-31
6- 9
7- 2
6-11
Onss
preferred (s-a)
5%
National Steel Car Corp.,
Nelson
1
6-14
7-
15c
25c
;
Rubber
National
1
6-
Products
Machinery-,—
Ltd. (quar.)
National Transit Co. (reduced)
Nazareth Cement Co., 7 (/o preferred (s-a)—
Neisner Bros., Inc. (quar.)
—
5*
5-.19
6-12
6-12
7- 2
7- 2
7- 2
6-13
Merck
National
5-15
5
12'Ac
common
National
Paper & Type,
National Radiator Co.
6-
7-
25c
New
6-30
Co.,
—
6-
5
5
5
5
5
50c
Merchants Refrigerating
—
common
lr/e
Oil
1
7-
$1.75
$1.50
Co.,
6-
7-
2c
50c
preferred (quar.)_
—
6% preferred B (quar.)—
National Linen Service Corp.—
National Malleable & Steel Castings—
Electric Corp.
&
11-10
7-
15c
12'Ac
6-15
6"x^
(quar.)
(irregular)—
(irreg.)
(quar.)—
6-15
6-10
50c
Inc., common
Merchants & Miners Transports Co.
Merrantile Stores Co.,
Gas
Lead
5-15
6- b
7- 2
6-30
6-12
7- 2
t30c
30c
National
National
8-11
1
6-15
75c
(J. C.j Co. (quar.)——
Pennsylvania Edison, $2.80 pfd. (quar.)
$5 preferred
(quar.)———'
Pennsylvania Power & Light Co.—
$5 preferred (quar.)
—.—
6-29
$1.25
Quarterly
6-15
6- 8
7- 2
6-30
(quar.)
—25c
(quar.)
25c
(quar.)—
25c
preferred
preferred
preferred
common
National Folding Box, common
1
6-
b-10
7-15
30c
30c
Corp.,
(quar.)
preferred
6
5-24
r"??
15c
62'Ac
—
preferred (s-a)—
M 'ichers Distilleries, 6r?
par tic. pfd.——
Mercantile Acceptance Corp. of California—
b%
preferred (quar.)
f 'V
preferred (quar.)
8% preferred (quar.)—
Meidville
.
5-24
6-12
6-15
(quar.)
common
(quar.)
common
(quar.)
Products
1
7- 2
25c
—
preferred class. A
$1,20
6-18
25c
25c
25c
50c
20c
20c
35c
50c
9
8
'7-14
,
$$1
{$1.75
Penney
9-28
6-10
20c
35c
i quar.
Corp.
—:
National Electric Welding Machine—
5-25
6-30
6-30
8-31
11-30
—
Discount
5%
5-25
Tc
$1
Robbins,
&
McKesson
Co.—
Publishing
McGraw-Hill
National
4
5-26
6-30
43%c
Dairy
6-
25c
:
National
5-26
$1.75
62'Ac
preferred
2
6-
6-15
(quar.)
(quar.j^L--.--^———
McCord Corp., S2.50 preferred (quar.)-.
M Clatchy Newspapers, 7'$ pfd, (quar.)
7% preferred (quar.)-—————-—
7#>
Cylinder Gas Co.,
5-31
2
6-20
6- 9
Asphalt
Container
National
6-
(quar.)
(Del.)
National
1
5-17
10c
Corp. (quar.)
Mathieson Alkali Works, common
Mastic
Class
(quar.)—
common
5-
lie
35c
Inc.—
National
6-
b-15
$1-50
$$1.25
25c
(quar.)
Co.
Electric
Master
preferred (quar.)
Cash Register (quar.)
National Casualty (Detroit)
(quar.)
T/o
National
City Lines, Inc.,
A
(quar.)—
5-15
6-15
6-28
5-31
r
_$1.25
$1.06/4
(initial quar.)-
(quar.)—
common
6-15
7- 2
_
>
Breweries,
12-22
6-28
6- 9
0- »
°vo
(final)—
—-—
$5 preferred iquar.U
Field &>Co., 4'A'A pfd. (quar.)—
registered
Ordinary
Marion Reserve Power,
National
1
Ltd.,
6-15
5-14
6-30
15c
15c
30c
{50c
{44c
6-
$1
——
class A (quar.)
class A (quar.)
Tt
$1.40 class A (quar.)—-—
Penn Electric Switch Co.—
.
6-15
50c
$1.75
common—
9-21
6- 9
Mallory (P. R.) & Co., common
4 'A % preferred—
1
Co.,
6-21
b-10
b-ib
b-ib
b"10
'2
5 ft
Magazine Repeating
Biscuit
5-31
Structural Steel Co., Ltd.—
preferred (quar.)
Macy (R. H.) Co. (quar.) —
Madsen Red Lake Gold Mines, Ltd.—.
National
5-
o
—
2
6-
7-2
10- 1
2
7- A
25c
Ac
+3c
81
8
6-
~
$1.62 A
$3
8
6-
preferred (quar.)
7Vo class C preferred (quar.)
National Automotive Fibres, Inc.—
G% convertible preferred (quar.)—-—6% convertible preferred (quar.)—
9
6-27
50c
$1.40
6-15
40c
—
6-
7- /
6-10
b-15
6-1J
6-15
$1-62/a
Extra
5-15
9-
$1.25
(quar.)—
preferred
4
12-
25c
common—
6-
50c
(quar.)
6-29
25c
•
2nd
6-25
$ 1-50
10c
88c
10c
■
1st
5-18
b-11
~
Exploration (quar.)---—
Louisville 6s Nashville RR., new (initial)—
Louisville Title Mortgage Co. (s-a) _
—
Lunkenheliher Co., 6 Va # preferred (quar.)—
preferred (quar.)——
—
preferred (quar.)
Lynchburg & Abingdon Telegraph Co. (s-a)_
Lvon Metal Products (quar.)—
M ,T & M & M Consolidated {s-aU.
Trucks,
6-20
25c
common.
—
6-27
50c
(quar.)
Common
6-15
ok
Ngsh Kelvinator Corp.———.
9-21
Common
5-22
6-
12-28
(quar.)
Corp. (irregular)
Nashua Manufacturing Co.,
6-22
,
Louisiana Land &
Mack
8
1
9
7-15
$1.50
6- 2
50c
(quar.)
6-11
25c
2bc
40c
6-
6-15.
——
$1.40
{30c
(quar.)
(quar.)——
preferred
preferred
preferred
Nachman
*}
preferred (quar.)
—
Ludlow Manufacturing & Sales (quar.)
MacKinnon
6%
12-22
JjjC
—
1%
Macassa Mines,
G%
7"Ar
7- 2
-J»- x
—
Co.,
(P.)
Lorillard
5-25
5-25
™
7£®
——
Corp
6%
6-
—
Gas Co
Star
Lone
7-14
x
b- 9
D" 9
»1-10
5
6-
1
;
(monthly)
Common
Candy
Lo t
6-15
Common
6-
(quar.)
*1>7«
$7 preferred (quar.)-————■— -——$1-7®
Muncie Water Works, 8% preferred (quar.)_
$2
Muskogee Company, common
35c
Muskegon Piston Ring Co
:
20c
Mutual Chemical Co. of America—
5
5-
6-22
6-
$7 preferred
6*21
n
preferred (quar.)—
preferred (quar.)
preferred (quar.)—
6%
5-31
6-3 4
6-15
25c
r—--—
2
1
6-29
.„
5
6-
6-15
Development Co.—
Hotel, Ltd. (initial)
Mountain Fuel Supply Co. (irregular)
Mountain Producers Corp. (.s-a)—
Mueller Brass Co. (quar.)—
Mullins Manufactured Corp.—
5-31
6-5
3
7-
30c
Royal
Mount
5-31
°"1X
b- i
I- *
*,101/
Co., 8%
Mount Diablo Oil Mining &
1
10-26
6-12
+**
5UC
—
(quar.).
$2.50 conv. preferred
3
7-
Noliert
50c
4preferred .(quar.U--—--t
——Paton Manufacturing Co., Ltd. com. (guar.)
7'A preferred (quar.)——
—
Peerless Cement Corp.—.,—
<r.—
Penick & Ford, Ltd. (quar.)---—,—■-——Peninsular Telephone Co., common (quar.)__
5
6-
;
$1.40
—
Inc^tquar.)——
Pictures
Extra
5-31
.
50c
—
5.6'A/preferred (quar.)
6-22
ffc
82 A®
$2
Morgan (J. P.) & Co. Incorporated
Motor Wheel Corp. (quar.)
5-10
——
(quar.)—
common
6-
b-i^
871/2C
—————
Lines,
6-12
5-25
6-12
50c
——:
Moore-McCormick
a- i
25c
37 AC
Co., special gtd. (Quar.)—
capital
—
Schuylkill Navigation RR. & Coal Co.—
Lock Joint Pipe
f-'
6-12
Parker-Wolverine Co.'.
Paraffine Cos., ;common ' (quar,)__-,_
7-
cl
funds)
S.
5-22
7-3
$1-7t>
b-ia
-
Miami RR.
Semi-annual
5-26
7-26
$4.30 original
Little
U.
in
(payable in
(quar.)
preferred class B
7%
6-15
15c
$1.75
37 AC
*
(quar.)
preferred A
U.
6-18
i- x
6- J
7- z
31 AC
Liquid Carbonic Corp.—
iVs'U
I'/n
Paramount
7-
155 Ac
Corp., Ltd., common (quar.)..
preferred class A (quar.) (payable
S. funds) A
Moore
1
6-
5-19
°"iX
2dc
Match Co.,
Little
5-31
5-15
6-15
(quar.)—
Montreal Loan & Mortgage
7-14
5-15
6-30
+51. <a
—
Consolidated—
6-15
6-15
Irregular
5-21
7"
+J°®
preferred (quar.)—
Inc
tl'ArA
Me
0/ Rec.
.6-27
Pipe Line Co.
Panhandle Eastern
Common, (quar.)
1
6-
6-15
(quar.)
Ltd., common
Cottons,
Montreal Light
9-15
b-15
40c
(quar.)
common
<- ^
25c
Lincoln
v
Pavabl?,;
..
7-2
+«?
Chemical
preferred (quar.)
Heat & Power
7%
6-15
o ■
n
20c
Quarterly —
——
Quarterly l—————
—
Service Corp., common (quar.)
G% preferred
(quar.)——
7% preferred (quar.)——
Lindsay (C. W.) & Co., Ltd.—
bVz'/o
preferred (accum.)
Montreal
10- l
b- 5
a- A
b-14
•
Link
"4
n
Ac
62 Vic
*
25c
25c
35c
(quar.)_
r—$2.50
i quar.)_.,__—
Lee (H. D.) Co., Inc. (quar.)
Lehigh Portland Cement Co., com. tquar.)—
Lehn & Fink Products Corp. (quar.) —.—
Leighton Industries. Inc., 75c class A
Leslie Salt Company
(quar.)
Levy Brothers Co., Ltd.—
——
Libby-Owens-Ford Glass
Liberty Aircraft Products Corp.—
$1.25 conv. preferred (quar.)
——
Life & Casualty Insurance
(Tenn.) (quar.)Liggett & Myers Tobacco, V/'o pfd. (quar.)Lijy-Tulip Cup Corp. (quar.)
L.ncoln National Life Insurance Co —
preferred
preferred
$2.50
Monroe
Pictures, 5VsCv pfd. (quar.)---^—
Co., $3.50 pfd. (quar.)—
Monogram
6-15
9-15
7- z
Company
Name ot.
ol Rec,
6-15
6-11
7- 3
JOc
common
Co.,
&
Leath
Ltd. (quar.)
& Sons,
(John A.)
Lang
Holden
Payable
Share
Company
Name ol
0/ Rec.
Payable
Share
Name of Company
Holders
When
When
Per
•;
Lion
When\
Share
'
Per
,
Monday, June 4, 1945
CHRONICLE
FINANCIAL
COMMERCIAL &
THE
IIIIIIIIIIIIIII
(quar.)I_III_I_
6-15
25c
7-
$1.25
2
7- 2
6-11
7-10
6-15
5-23
6-15
6-15
9-15
9-15
6-5
6-18
6-18
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4391
161
Volume
2487
—f
Per
Name of Company
When
Share
Rohr Aircraft Corp. (quar.i
Russell Manufacturing Co
of Rec.
6-20
37 Vac
3 7 Vac
6-
5
t.50c
5
5-18
6-1
6-15
Todd
$1.25
6-11
(i-
2c
6-25
6-15
$66c
6- 7
5-23
2
Roller
Bearing Co
Tailors, Ltd. (quar.)
Shipyards Corp
7- 2
6-15
7- 2
6-15
Royalty.—.:.
Toronto Elevators, Ltd., 5V4%
5-19
Transue
6-11
Tom
Bell
&
Williams
6-15
5-31
6-25
Transwestern
6-15
6-
5
6-15
6-
5
6-15
9
5-25
Truax
6-30
6-15
12-31
12-15
2
Traer
5 Va %
6-11
2
6-25
6-15
5-31
6-15
6-10
45c
6-13
6-
$1.50
Twin
1st
7-201'
Tybor
1
7-20*
6-12
5-25
25c
7-14
6-22
Union
Pacific
7-14
6-22
Union
Sugar
$1,75
7-
2
6-15
Union Trusteed
$3
7-
RR.
Co.
50c
7c
6-20
6-11
6-30
6-20
Union
Bond
Fund
"B"—
18c
6-20
6-11
$1.25
9-30
9-20
Union
Bond
Fund
"C"
lOc
6-20
6-11
(quar.)
Air
Corp.,
$1.25
6-30
6-26
United
Aircraft
62c
7-
2
6-15
United-Carr
7-
2
6-15
United
6-
2
6-11
6-
1
7-
6-15
United
Elastic
6-
United
Electric
$1.12 Va
25c
6-21
Slieller
10c
6-15
Sherritt,
12c
the
at
1
United
5-23
United
8-
1
7-10
t$1.75
preferred (quar.)
Serrick Corp., class B
7%
5-17
6-28
J15c
Manufacturing Corp. (quar.)
Gordon Mines, Ltd—.
Sherwin-Williams (Canada), com. (interim)
7-
3
6-
22c
5-25
6-30
6%
Steel Co.
&
Singer
Steel
Sloss-Sheffield
preferred
$1.20'
Smith
(Howard)
6%
(quar.)
25c
6-111;
6- 1
25c
6-20/
6- 8
_
53c
7- 2
50c
7- 2
30c
6-13
6-13
6-
$1.25
7- 2
6-16
(monthly)
(monthly)
Manufacturers (qunr.u
—
preferred
!
(quar.)
6-
6-15
5-15*
6-14
5-25
United
6-14
5-25
6-21
6-11*
4%
United
States
United
States .Graphite
6-30
7-20
(increased
55c
conv.
cum.
5-31
preferred A
(quar.)
Corporation
Sonotone
preferred A (accum.)
6%
4.6 %> preferred B
Paper Co.,
preferred B
6-30
6-
1
$1
(accum.).
7-
7-
2
2
Common
S.
Quarterly
Quarterly
>:
U. S. Playing Card Co.
6-15
S.
6-15
5-20
6-15
6-
$20c
preferred
partic.
6-20
$1.25
6-15
5-31
preferred-;
Rubber Co.,
1
1st
Tobacco
S.
Co.,
preferred
common
6-
5-28*
Universal
Laboratories,
6-15
5-15
Universal
Products
(N.
5%
non-cumulative
$1.25
5-15
non-cumulative
$1.25
9-15
8-15
Utah
Radio
5%
10c
6-16
6-
2
Utica
Knitting Co.,
35c
7-13
7-11
5%
prior preferred
5%
—
$15
(quar.)—
G2Vs>c
(quar.i
pfd.
40c
—
—
Fire Insurance
Utah-Home
Y.l
$2.50
Co
(Salt Lake City)
prior preferred
preferred (quar.)
preferred (quar.)
Co..—
—
—
Southwestern Life Insur. Co. (Dallas) (quar.)
Royalty
Southland
45c
(quar.)
Spiegel, Inc., $4.50 preferred (quar.)
Spencer Kellogg & Sons., Inc.
$1.12 Va
50c
& Sons (common (quar.)
$5 preferred A (quar.):
$4.25 preferred B (quar.)——
(E. R.)
Squibb
6-15
6-
9
6-15
5-19
6-
1
6-12
5-28
Products
(quar.)
—
priority
Works
Iron
8-
1
7-16
Van
Dorn
8-
1
7-16
Van
Norman
35c
6-
4
5-24
6-20
6-10
$1.25
Standard
Brands,
preferred
$4.50
Oil Co.
Standard
50c
6-15
5-15
25c
6-11
5-10
25c
6-15
5-31
50c
6-12
5-15
6-12
5-15
Vulcan
25c
6-15
5-31
$1.25
7-14
6-30
$1.06 Va
7-14
6-30
10c
6-30
6-15
5
30c
6-15
5-15
$1.12 Va
6-15
6-
36V4C
Inc., common
(quar.)—
of California (quar.)
(Indiana) (quar.)
Standard Oil Co. of Kentucky (qua?.)
Standard Oil Co. (New Jersey)
(s-a)
Oil
Standard
Co.
(initial)_
Standard Oil Co. of Ohio, new com.
5%
preferred (quar.)
4V4% preferred (quar.);
Standard Phosphate Corp—
—
Standard Wholesale Phosphate & Arid Works-
6-
—
1
1
$1
6-14
6-
$1.25
6-30
6-15
$1.25
9-29
9-15
$1.25
12-29
12-15
Btecher-Traung Lithograph Corp.—
5%
preferred (quar.)
5%
(quar.)
preferred (quar.)—.
-
5%
Stix
•'
Oil
Co.
Swan-Finch
Swift
&
Oil
5
5-19
6-30
6-
1
6-15
6-
2
6-15
6-
1
40c
7-
2
6-
25c
7-
2'
6-20
$3c
7-
3
4-28
50c
(quar.)
9-
1
8-15
common
12-
.
.-.
1
11-15
6-30
6-16
30c
6-30
6-16
6-18
——
—
$1.25
(quar.)——
(quar.)——
Inc., common
(quar.)—
preferred
Talon, Inc.
Tamblyn iG.) Ltd.,
8-
1
10c
7-
2
6-15
683/4C
7-
2
6-15
——
40c
6-15
———————
.
common
+20c
(quar.)
$62 Vac
Preferred
(quar.)————
Taylor-Wharton Iron & Steel Co._
Gulf
Sulphur
$2.50
prior
5%
Inc..
$2.50
Tilo
8
6-15
5-28
6-29
6-
50c
6-15
5-25
25c
.
6-
6-15
5-25
—
——-—
pref. (quar.)
common..——-—
1
7
62 VaC
8-
1
7-21
62V2c
11-
1
10-22
25c
6-15
6-
1
6-
1
6-18
-—
(initial)_
6-15
7-2
10c
preferred
34c
$1.12 V2
convertible
preferred
Roofing Co.,
$1.40
8
6-
6-11
6-15
5-25
35c
6-15
5-25
Tide Water Associated Oil—
$4.50
6-
5-28
10c
$1.30
Products,
preferred
New
8
6-
25c
(quar.)—
preference
3
7- 3
1
35c
—f—
(quao.)
Textron Incorporated, $2.50 pr.
Thompson
7-
6-
30c
Telautograph Corp.—
Telephone Bond & Share Co.—
-7%. 1st preferred (accum.)
,Tennessee Corp.
—
Texas
1
50c
——
„—
A
V2%
5-25
6-15
25c
Tacony-Palmyra Bridge, common——
Class
6-15
10c
—
—
(quar.)—
Syracuse Transit Corp.,
5%
preferred
.Talcott (James)
25c
—
Sylvanite Gold Mines, Ltd.
Common
6-22
—
—
(quar.i.
Products———————
Electric
1
—
•*—
—
Corp.—,
Company
Sylvania
7-
10c
pfd. (quar.)
(quar.)
Oil Corp., common——
Sunshine Mining Co. (quar.)
Paper Co.
5-25
25c
Sunray
Sutherland
9
—
Stokely Van Camp, Inc. 5%
Sun
6-
30c
Co
—
—
common—
convertible
preferred
—
(quar )
preferred (quar.)
preferred (quar.)—
Wagner Baking Corp., common
$3 2nd preferred (quar.) —
7% preferred (quar,)—
7%
Mines,
Ltd.
(quar.)
preferred
preferred
7%
Wamsutta
——
Welch Grape
Mills common..
Co.
(s-a)_—
(quar.i
Juice Co,, common
Wellington Fire Insurance Co
Wells Gardner & Co. linitial quar.)—
West Indies Sugar Corp. (s-a)
9-20
7-20
10-20
7- 2
7- 2
7- 2
6-11
6-12
6-15
6-15
6-15
West
6- 4
6- 5
7-20
5-28
Profit
Total
Virginia Water Service Co.—
$4.50 preferred (initial quar,)—
—
——
(quar.)
Common
5%
5%
—--*■——
preferred A (quar.)
...
preferred A (quar.)—
preferred A (quar.)____—
—
$1,578,268
117,887
$1,234,397
34,175
60,873
49,137
$1,882,352
$1,696,156
$1,295,271
$1,450.6)3
Net
Fixed
9-
250,608
198,855
1,151,600
793,050
773.570
$374,522
$293,948
$303,366
$429,093
share
per
shs.
011
stk.
$0.40
$0.32
profits taxes of $747,900 in 1945,
cap.
v
1945
revenue
Operation,
1944
$1,135,842
$1,142,091
661,647
9
Provision
for
615,£0 ;
6-
5-31
6-
149,811
$144,448
$143,826
138,300
$6,148
—V.
$5,526
7-16
6-
—
_
161,
920.
p.
8
RCA Communications, Inc.—Opens New System—
9
9-10
7-10
10-10
channels
miles
of
be
can
over
6-12
May
6-12
New
and
international
5-10
a
General
6-12
a
system of word transmission by which eight
employed simultaneously to carry messages thousands
single radiotelegraph transmitter was announced on
of
Development
5-15
5-15
by
24
Lieut-Col.
Mitchell,
Vice-President
States and Great Britain, and, with extension of; channels
Francisco, to expedite the flow of Government and press traffic
United
the
to San
the United Nations Conference.
to and from
5-11
H,
Thompson
Manager,
The new system—regarded as a major advance in
comunications-^has been placed in operation between
York and London
to increase communication capacity between
By means of
5-11
is
6-15
specially designed RCA equipment which employs what
industry as "time division multiplex telegraph" prin¬
ciples,
the equipment can handle 488 words per minute inward and
outward
simultaneously, corresponding to eight channels each wav
with an individual channel speed of 61 words per minute.
The equip¬
7- 1
7- 1
stations,
6-15
to
7- 2
6- 9
J$1.75
8-15
G-15
6-12
9-15
12-15
5-
8
6-15
in the
known
6-15
$1.25
$1.25
$1.25
*50c
25c
112.50)
98,157
138,300
—>
-
Surplus
6-
75c
75c
7oc
120.365
112,500
Dividend for the quarter ended March 31
5
6-15
7- 2
7- 1
8-15
119.090
and excess profits taxe.s__
income
5
6-
$1.50
25c
50c
$1.50
$1.12V2
expenses
depreciation
income
Net
6-15
6-30
7-5
6-29
6-14
7- 2
other
and
taxes
...
charges
for
1
-
1
6-
9
247.9
537,831
970,000
Quebec Power Co.—Earnings—
6- 9
12-
$1,401,436
etc..
tax,
profit
Gross
1
6,099,314
$0.33
$0 46
"Includes excess
$929,350 in 1944,
$590,500 in 1943 and $266,625 in 1942.—V. 161, p. 1358.
6- 1
5-24
6-
$7,500,070
,
depl,...
&
income
927,305
G-21
12-22
also
ment
channels,
All
6-23
permits operation
distant
one
that four channels
6-19
5-19
8-11
6-
1
6-
2
6-
2
6-
4
6-15
be.
6-18
8- 1
11-15
11- 1
2-35-46 2-1
8-15
8- 1
11-15
11- 1
2-15-46 2- 1
6-15
5-19
6-15
5-29
37VaC
6-15
6-1
Corn., common.—25c
convertible prior preferred (quar.i
$1.25
7-2
7- 2
7- 2
6-8
6- 8
6-19
two
channels instead of eight
a total capacity of 244 words per minute can
directions simultaneously between two different
channels
with
both
with automatic retransmission of one or more of the
third station.
V
,
printing mechanism Incorporated in the new RCA multi¬
accomplishes the feat of making the circuit virtually
error-proof, despite its high speed,
Let any letter bo mutilated. r-r
garbled in transmission and a warning bell rings under the receiving
printer.
At the same instant, in lieu of the mutilated character, a
maltese cross appears to mark the exact spot of the error and facili¬
tate correction.
In other wsrds, 110 error can get through directly to
Moreover,
plex
system
the message
blank.—V.
161. p. 2338/
V
Reopens Holland Circuit For Private and
Messages—
.
..
■
;
Commercial
^..:W-;-
■
corporation on May 21 announced that it will accept personal
"non-transactional" commercial messages for transmission direct
The
and
to
Holland.
Direct
:;
'
circuit
to
the
Netherlands,
for
government
and
press
mes¬
restored by the corporation on Match 5, following the
occupation.
The Holland terminus is handled by the
Postal and Telegraph Administration.—V. 161, p. 2338.
sages only, was
end of German
5-15
6-11
in
operated
a
or
be utilized for two-way communication with
Alternatively, they may be set up in such a wnv
station.
6-14
1
of four
when desired.
ehanels may
eight
5-25
40c
Ltd
Westinghouse Air Brake Co.———
Weston Electrical Instrument Corp. (reduced)
Weyenberg Shoe Manufacturing Co. (s-a)—
Western
Steel Products Corp.,
Wheeling Steel
$5
6,538,345
$1,848,177
income
Earnings
1942
6,970,157
______
Depreciation
•Fed.
1943
$6,966,692
5,732,294
$8,818,334
expense.
income
Other
West
5%
(& Subs.)— Earnings
1944
$8,116,614
1945
.
...
and
50c
75c
$3.50
$1
25c
-l—20c
Virginia Coal & Coke
Virginia Pulp & Paper
Pacific RR., common
(quar.)___
Common
(quar.)
—
sales
Cost
decrease
a
2338.
P.
Quaker State Oil Refining Corp.
7- 2
?
Western
161.
Quarter End. Mar. 31—
10- 1
1-2-46
Extra
West
191,506,000 kwh. for the corresponding week last year,
1.0%.—V.
of
10c
50c
—_
Water Power, $6 pfd. (quar.)—
(quar.)—
——
Pump
Wavne
with
50c
25c
——
Motor Co.
Wayne Knitting
6% preferred
Electric output of the operating companies served by this corporati n
week ended May 26. 1945, totaled 189,613.000 kwh,, as compa.ed
for the
$1.75
(accuirt.)
$7 preferred
(s-a)———-—
(resumed)
r~
Mills
7- 2
5-26
6- 4
6- 4
6-15
6- 1
.,
Public Utility Engineering & Service Corp.—Output—
$1-75
$1.75
(quar.)—
Mills
Washington
Waukesha
6-21
8- 1
6-20
t$l
Ware River RR,
Warwick
62Vac
37V2c
t25c
—
(quar.)
(quar.)—
Baking Co.,
Ward
10c
$1.25
40c
$1
preferred
7%
25c
6- 9
9-10
12-10
6-20
6-15
6-15
6-20
$20c
(quar.)
common
(quar.)„—.—
Waltham Watch, 7% preferred (quar.)
$1
$1.75
$1.75
$1.75
25c
$1.75
$1.75
20c
75c
$1.75
^
(quar.)_
4%
preferred (quar.)——
Walker (H.) Gooderham & Worts, Ltd.—
Co.,
Common
25c
50c
Fuller
&
Baer
6- 8
6-20
$1.50-
common—
7%
Walgreen
Corporation and
5-11
$1.50
Co.,
Common
Waite Amulet
—
preferred
7%
Detinning
dividend.
Investment News
Provision
preferred (quar.)
—
preferred (quar.)
Victor Equipment Co., common
$1 convertible preferred (quar.)—:
Vinco Corporation —
—
Virginia Electric & Power Co. $5 pfd. (quar.)
Virginian Railway (quar.)
6%
preferred (quar.)
5-25
this
for
(Continued from page 2452)
Net
5-31
6- 9
7-16
6-11
6-15
6-15
7- 2
6-12
6-14
6-15
7-30
6-7
7- 2
6-15
25c
7%
(Detroit—
6-8
5-33*
8-31*
6-15
5-21
5-21
1-2-46
50c
Co
75c
Standard Accident Insurance Co.
tax.
3 Months Ended March 31—
Vapor Car Heating Co., Inc.—
7% preferred (quar.)
Staley (A. E.) Manufacturing, common——
$5 preferred (quar.)
closed
not
General
6-15
6-15
7- 2
6-11
6-11
$1.25
(quar.)
$1.25
$1.06 V*
$2
10c
$1
6-15
62Vac
62V2C
(quar.)
(quar.)
Corp.—
stock (accum.)
Utilities Equities
$5.50
Co.
common
Income
tPayable in U. S. funds, less 15% Canadian non-residents' tax.
$Payable in Canadian funds, tax deductible at the source.
Non¬
resident, tax, 15%;
resident tax, 7%.
a Less British
income tax,
6- 1
433%c
Co.
6-12
6-18
(increased)
Jamaica
•Transfer books
6-15
6-26
30c
,
(quar.)
States Trust
United
7- 1
$1
$1.25
40c
Corp., common
U. S. Sugar, $5 preferred (quar.)
6.4% preferred A (quar.)
7%
50c
$2
Steel
75c
Southern Railway Co
common
preferred.
30%
Corp.
11-30*
62VaC
50c
-J
States
non-cumulative
31ViC
(quar.i—
v
6-15
7- 2
7- 2
7- 2
6-20
9-20
12-20
50c
75c
Co.
(quar.)
6- 7
& Lithograph Co.—
—
conv.
8%
U.
Co.—
Gas
Pacific
Southern
7-20
t$1.50
(quar.)
8-15
7-16
Power Co.—
(accum.)—
Southern Natural
6%
United
2
_
Co
U. S. Printing
United States
(quar.)
preferred
Potash
U.
2c
(quar.)
9-15
50c
$1.75
$1.75
40c
40c
40c
(quar.)
prior preferred (quar.)
Pipe & Foundry
6-15
37 Vac
—
common
(quar.)
Common
(quar.)_.
Southern Colorado
preferred
6-30
7- 2
7- 2
6-15
6-15
20c
(interim)
Co
Less
x
6-20
6-15
6-20
6-20
6- 1
5-10
8-10
5-28
6- 1
50o
Freight Co.
Products
50c
$1.37Vii
5-15
7-10
25c
class A
non-cuni.
non-cumulative class A—
7%
1
1
Canada Power Co., Ltd.—
Southern
6%
68-
$1.50
—.
Southern California Plastic Co
7%
6-12
8-15
4%
Casualty,
6-23
$6
10c
50c
75c
50c
Utilities Corp., $3 pfd. (accum.)
6-23
$2.50
(quar.)
Youngstown Steel Door Co.
5-15
15%
50c
RR, & Canal Co.
U. S. Leather Co., 7%
California Edison—
Southern
6%
15c
13%c
,
New Jersey
Public
5
2 V2 %
*
United States Gypsum Co.,
U.
quar.)
(final)
(old. reg.)
_.
6-30
6-15
5c
Common
Molasses Co., Ltd.
Bonus
'
Manufacturing Corp.—
Solar
;
6-11
Paperboard Co., Inc., 6% preferred—
United Printers & Publishers, Inc., common
$2 preferred (quar.)—
7-30
6- 1
5-19
6-9
Zonite
United
15c
—
6-15
6-15
7-1
6-10
Zeigler Coal & Coke Co.__..__^
5-21
t$1.50
i
Co
0- 4
6- 4
6- 1
6-18
(accum.)
(L. A.) Spring <fe Wire (quar.).
Youngstown Steel Car Corp
6-15
6-15
6-15
6- 5
6-15
+25c
Paper Mills, common
Aircraft
Solar
6-15
6-29
Class A 2nd preferred
6-12
United
1
6- 8
6-10
(accum.)
7- 2
1
6-11*
7- 2
'
(Consol.)—-
7- 2
6-
6-
7- 3
15c
.....
1
58V3C
6-15
6-21
$5c
6- 1
5-25
—
1
6-11
6-15
25c
,
—50c
1
30c
1
(Del.)—
(monthly)
6-
S.
v$1.12V2
$1
$1
25c
15c
(quar.)...
6- 1
(quar.)...
Youngstown Sheet & Tube Co., common
5 Va % preferred (quar.)
6-
U.
$l,12Va
5-24
6-30
50c
(quar.)..
preferred
Smith
Sorg
common.
preferred
6-15
6-
5-17
15c
(quar.)
Iron,
Class A 1st
6-30
6-20
6-15
6-
$1.50
Corp
O.)
(A.
Co.
&
5-21
5-31
Cab Co.
5-3
6-7
20c
37V4»c
....
common-.
9
6-15
1
3%
Associates
6-
6-15
m.l2Va
pfd. (initial quar.)
6-15
6-16
6-16
6-28
Ltd.—
Co.,
prior preferred
conv.
5-21
6-28
6- 9
7-28
25 c
Ltd., 4V2%
Manufacturing
Simpson's
&
6
6-15
50c
Co.
Simmons
6-
40c
+50c
(interim)—
(increased)
"6-1
30c
1)
$1.50
preferred
Ltd., 5%
Simonds Saw
6- 4
6-15
25c
June
on
Cos
Merchants &
5%
W.)
6-13
6-15
25c
(quar.).....
Young
(quar.)
Coal
prior preferred
United
(F.
Yellow & Checker
common
50c
—
——
1
6-
6-11
Co.
Wright-Hargreaves Mines, Ltd
Yale <& Towne Manufacturing Co,.__L
6-10
6-15
25c
30c
50c
(interim)
class A
1
2
$1
30c
Corp.
prior preferred
Extra
4V2%
Chlorine Products Corp.
Illuminating Co.—
Light & Railways Co.
United
5-31
$30c
(quar.)
6-15
|25c
:
in
7-
7-
,
15c
Worthington Pump & Machinery,
4 Va %
prior preferred (quar.)
5-31
6-15
6-12
pfd. (accum.>__
Inc
6%
prof. reg.
(s-a*
Worcester Transportation
$1
—
(quar.)
com.
(payable
price
prior preferred
6.36%
8
5-25
6-15
20c
7%
market
Inc.
50c
—_
(reduced)
(quar.)
Inc.
stock of Westvaco
6-11
15c
common
common
Fastener
Chemicals,
12 VaC
1
Inc.,
25c
.
Products,
$1.25
_
7%
2
& Lothrop, common
(quar. 1....
50c
preferred (quar.$1.75
7%
6-11
6-20
—
Steel Co.,
Industries,
5-31
5-31
7-
15c
—
(Alan)
5-31
6-15
Woodward
6-11
6-20
$1.25
—
Extra
Wool worth
17c
Aircraft
Silknit,
6-9
7-16
' 6-11
25c
(quar.)
Woodward Governor
24c
Rope
Co.
1
6-4
6-1
"A"——.
Lines,
$1.75
Oil
2
Fund
Wire
6-15
(quar.)...^
5-26
'
6-15
7-
7- 2
6-30
$1.50
75c
30c
gc
$1.12 Va
Woodall
6-
7-31
Light Co.—
Wood
Bond
5-10
10-15
Co
(quar.)
&
6-13
Union
6-
1
6-15
(quar.)
Power
6-14
Union
2
preferred
6-30
Union-Preferred
6-11
11-
25c
$1.50
Investment
6-30
1
75c
$1
(s-a)
preferred
7%
Wiser
6-19
7- 2
Corp.
(quar.)
8c
——
7-lb
10-15
preferred
6%
6-15
6-15
Union
preferred
4Va %
5-31
6-
United
Class B
6-30
6-25
6-15
United
Ltd.
5-31
2
9
Ltd.
6- 4
6-30
6-15
5-31
Mines.
6-15
6%
Bankshares
Wisconsin
Fund—
1
1
Wisconsin Michigan Power—
7-2
7-
Breweries,
Wisconsin
5-29
25c
6-15
Sigma
5-31
6-11
$3.50
10c
Sicks
6-15
$1.50
Fund..—
a-
-
$1.75
—
Stock
7-16
1
8-
1
11-
-
11-10
(quar.j
Stock
11-15
$1
11-15
(quar.)
75c
•Signal Oil & Gas,
Extra
Funds, Inc.—
Common
5-15
12-30
Wisconsin Electric Power Co.—
50c
(quar.)
6-21
6-
$1.30
Wisconsin
::
Co.
6-2^
6-30
(quar.$1.50
5-24
(quar.)
Corp.
1
—
8-10
(s-a)
Inc
7-
7-2
—^
6-11
50c
Corp.
Underwood Corporation
Union Carbide & Carbon
Stoics,
common
Extra
Common
37V2c
Street
1
8-
1
$$2.50
$$2.50
pfd
preferred...
8-15
(quar.)
Brothers (quar.iSefton Fibre Can, Yk prior pfd. (quar.)
Seiberling Rubber Co., $2.50 pfd. (quar.i
(quar.)
5-26
5-31
non-cum.
$1.37 Va
Securities Acceptance Corp., common (quar.)
A
9
6
5-31
7-
i25c
$4
(quar.)
Co.
South La Salle
208
66-
6-U
6-11
75c
$1.25
25c
•
(quar.)
Clutch
50c
preferred A (quar.)
Selby Shoe Co
Selmer (R. B.), Inc. (quar.)—
Servel, Inc., $4.50 preferred (quar.)
Shattuclc (Frank G.) Co. (increased)
Wilsil, Ltd. (quar.)
Winnipeg Electric Co. 5%
'
6-25
(quar.i
25c
Association
8-
5%*
of Rec.
(quar.)
Winsted Hosiery Co.,
common
preferred
Disc
prior preferred
5% .non-eum
50c
(quar.)
50c
Class
2
Century-Fox Film Corp.—
Common
25c
RR.
Coal,
preferred
Twentieth
12 Vac
geeinan
Holiert
20c
(quar.)
Stores, 6% preferred
25c
Quarterly
Troy & Greenbush
7-
preferred (s-a i
6 %
1st preferred (s-a)
7%. 2nd preferred (s-a-).—
Seaboard Oil Co. of Delaware (quar.)
Seagrave Corp., 5% preferred (quar.)
5%
preferred (quar.)
Sears, Roebuck & Co. (quar.)——
When
Payable
25c
50c
2
6-
$1.12 Va
$5
50c
Co
Insurance Co. (Hartford. Conn.)—
Quarterly
Trinity Universal Insurance Co. (quar.)
7-
31/2 %
Per
share
Company
Whjte Motor Co.
Products
Willson
Wieboldt
Corp.—
•
Oil
7-
$4
Forging
Name of
Travelers
1
50c
(quar.)
preferred (quar.)
i_,—
preferred (quar.)
Scranton Lace Co.-,-——
Scruggs-Vandervoort-Barney, common (s-a)_
Steel
pfd. (quar.)—
Quarterly
7-
$1.37 Va
$4.50
6-
7-3
75c
(quar.i
50c
9*
$7Vac
75c
grillage Lock Co. (quar.i
Scott Paper Co., common
6-
Tip-Top
50c
pfd. (quar.i
6-20
Timken
$1
Schiff Co.
50c
5-28
Heating & Lighting Co., Inc.—
Distillers Corp., 5V?%
6-5
6-12
25c
Semi-annual
Jose Water Works, common
Schenley
of Rec.
6-9
7-
$2.25
San
Payable
50c
Axle
$1.25
Francisco Remedial Loan Assn. (s-a)__
Share
(interim)——
$1.25
Joseph Lead Co
St.
San
Inc.
3
7-
$1.25
pfd. (s-a)
Holier.
When
6-11
25c
SafetyaCar
Name of Company
Time,
Timken-Detroit
25c
Russell-Miller Milling 4V2%
Ruud Manufacturing Co
Per
.
Payable
7 Vac
Raisin Paper Co
Riverside Silk Mills—
;
$2 participating A preferred (quar.)
Robertson i H. H.) Co. (quar.)—
Rockwood & Co., 5% prior pfd. (quar.i
5% preferred (quar.i
•5% preferred class A (quar.i
River
Holderi
Whitaker
Paper
(quar,)——
$1.25
Netherland
Raytheon Mfg. Co.—New Directors—
P.
Radio
S.
Billings
Corp.,
Joseph
have
Plerson,
and
Harold
C.
Mattes,
manager
of
the
of
formerly
been elected directors.
communications
the
Belmont
•
division;
George
1582.
161, p.
board.—V.
the
of
members
Central
Hanover
>,
Total
S
22,526,294
18,714,793
—
funded debt
deductions
54.950,671
4,166,450 - 3,632,238
1,221,371
1,377,670
^
discount
1
*
ment-owned
3'498 763
plants
,■■■ Total;: income;
Non-operating charges
Depreciation
1-'
Interest
...
401,623
and
Post-war- credit
due
1943
*$468,532
contingencies.—V. 161, p. 772.
•:
The
1995, which are
Official Promoted—
-
General
and
President
tot 23
.
161, p. 2338.
years.—V.
:
Jr., General Counsel, has been elected Vice
Counsel.
He has been with the company
Woodcock,
I.
•William
,
.
•
„
Reliance Electric & Engineering Co.—Earnings—
•
profit after
Net
Backlog
of
______.*.*—$7,333,600
159,806
increased from $8,280,907 to
,
$60,000
May
$6,610,637
4,038,800)
$4,500,181
facilities..1,152,431)
war
$1,419,406
taxes
*
:
1
^
April—
railway
from
—Vi.161,
$3,387,093
1,946,598
-
•
320,307
..
$3,094,321
$2,199,997
1,830.298
1,230.775
302,392 J ,; 522,377
p.
Operating
116,060
Oppr. & gen. expenses.. •
Net
ry.
Net
;:t
•Provision
-
the same
for
those
1945
1944
1943
12 Months Ended
85,384
$130,957
ry.
Operating
$98,559
to $5,636,396
:
$0.44
$0.39
$0.49
from
Net
ry.
—v.
State
1945,
:
:*;'r
March 31, 1945, including
on
$118,635
Other exp.,
for resale
7,994,601
323.504
306,363
...
1.621,082
1.550,772
2,154,015
2,098,464
1,608,400
1,412,700
3,068,185
2,989,584
$4,179,844
Other
Cr6,948
Cr3,936
$4,349,134
79.189
65,899
59,314
17,166
19,638
22,113
$82,319
$41,886
$45,189
$46,373
9,827
profit
Republic
profit.
.Petroleum
•Earos.
per
''After
series
->^$41,886
$35,361
share""-,.$0.25
com.
$0.12
$0.10
....
dividends
A.—V.
160,
5*4%
on
p.
cumulative
convertible
$37,452
'
preferred
consolidated
$0.10
ties
stock
of
2443.
Co.,
close
Inc.,
of
on
the
May
market
;
;V
■
r
The offering does not consti¬
financing, the shares having been held by Gen¬
eral, Cable Corp.
Company—Incorporated in 1928,
of
copper,
brass, bronze and
company
rclls,
strips,
rods,
rollers
been
and
steel
making
fofjgjngs and
plates,
alloy
shafting,
flat
and
drawn
wire,
and
extruded and drawn shapes, welding rods, printing
Since the war started the company has also
tubing.
aluminum
and
allov
tubing,
variety of special items for
a
manufactures a varied
including sheets,
products,
round
magnesium
war
extrusions
'
purposes,
The greater part of the company's operations can
,,/■
and
.
;v;
of
a
to
Also, the company has maintained its
has continued to promote its peacetime business
the extent consistent
with its
Funded
Debt
war
and
effort.
40.000
tire
Authorized
/
mortgage
•
3
sinking
fund
bonds, due Nov. 15, 1960
5VV>
cumulative
Common
stock
pfd. stock
(no
par)
'
$7,500,000
(par $100)
securi¬
after
the
amount
an
that
3,000,000 shs.
1,286,916 shs.
120,000
E into 4%
shares
of 6%
preferred stock,
its outstanding
at
a
the
effective,
stock
for
a
its outstand¬
series
series F,
and
D
and
to
re¬
:
preferred.
company
period of
price of $105
falls
shares
to accept tenders
following date of re¬
days
plus accrued dividends
tendered
in
are
amount so that upon consummation of the program the
ferred stock outstanding will amount to 120,000 shares having an
gregate
The
by
par
4%
lot,
The
at
per
series F,
the
the
by
be redeemable,
purpose
reducing
cost of
ag¬
in
whole
or
in
from
of
the
the
program
amount
the money on
the
of
is
to
strengthen
preferred
preferred
with
New
York
State
corporation
laws
outstand¬
stock which
the
company
to offer dissenters to the program who request appraisals
share, the call price of their stock, plus accrued dividends
the date of the stockholders' meeting.—V. 161, p. 1136.
$105
per
47,943
.
83,985
361,935
.
Earnings—
1944-
$220,568
225.984
752,300-
.
161,836,
-
756,193
1,444,233
661,475
—
1945
•
.
1943
1942
'
$132,302
$265,930* > $258,244
9,839
.
62,443--.
80;002
*
5,065
*46,556
11,332-
46,206*
♦32,701
■
railway^...
869,963
income.L.
oper.
'
*16,357
'
528,112
809,959
862,710?;
10,384'
*213,921;
*251,037
31,984
7 ' 214,896:
36,896
♦136,256
A
161, p. 2040.
Seott Paper
152,
'
130.
p.
Co.—Listing of Additional Common Shades
The' New York Stock Exchange lias authorized the listing of 136,340
common
shares (no par) upon official notice of issuance,
in
connection
with
the acquisition of the assets,
property, business
and
goodwill of Automatic Paper Machinery Co., Inc., making the
additional
number
(N.
latter
shares
of
board
J.),
applied
directors
of
between
the
under
at
for to
the
804,796*
date
held April 26 (1) approved on
Automatic Paper Machinery Co.,
meeting
a
and
company
previsions, of
which
assets of
of the
all
the
136,840
Automatic,
and (2)
be
received
of
the total consideration received the sum of
$2,150,000 shall be stated
capital and the balance of $3,350,000 shall be allocated to paid-in
to the company in
exchange for
the assumption by it of all liabilities of
determined the fair value of the agreed consideration to
for the 136,840 common shares to be $5,500,000, and that
The difference
book
value
issuance
the
of
between
assets
Subsequently,
down
161,
to
$i
by
such
be
to
by the company of the
goodwill.
—V.
transferred
shares and
surplus.
to
be
to
are
common
the
last
charge
a
to
Automatic upon the
be charged
mentioned item will be again
the company's paid-in surplus.
from
common
shares will
'
of
$46,000,000
by
was
asked
May 24
for
.
Co.—Properties
Scranton-Spring Brook Water Service
Priced at $46,000,000—
price
Automatics
and
fair value
total
acquired
136,840
2227.
p.
properties of
the
th?
T. Chenery, President of the Federal Water &
special committee named bv the Luzerne (Pa.) County
Board of Commissioners launched an
investigation into the advisability
company
Corp
C.
when
a
&
Gas
Scranton-Spring
one
lor
its
has
Luzerne
itselt 01
Lackawann.
and
.
it might be feasible to have two authorities set
county, in which event Federal would lsk $26,600,001
Luzerne County properties and
$20,000,000 for those in LacUHe
reproduction
the
in
said
costs
Gas
holdings
for each
wanna.
of
If
been
Brock
Pa.
Cherney
up.
P»:
ownership'
a view to municipal
directed by the SEC to divest
UP a water authority with
2,
Federal'Water
this
said
a
proposal
would
stock
1583.
not
of
™V
•
present-day
would
be
r«nStd
was
'
attempt
in
on
excess
the basis
of
$46,000,00
$23,000,000 to $55,000,000.
Mr. Chenery said. Federal Water
rejected,
sell
to
valuation
engineering
substantially
to
any
one
else,
own
Seaboard Air Line
from
Net
ry.
From
Gross
oper.
Jan.
but
would
distribute
Net
from
ry.
3,753,283
1943
4.867,889
5,923,419
3,845,990
income.
1,525,732
1,936,609
48,203,389
49,273,285
17,011,931
19,933,742
6,826,427
7,909,013
1042
$8,399
3,330
2.567
1—
railway...
railway
oper.
*
I944
$11,702,784 $12,178,238 $12,313,202
from
Net
Ry.—Earnings—
1945
,,
railway
railway..
income..
--
48,268.590
22,667,365
15,067,598
30,032
9.725
6,963
Properties Sold at Foreclosure—The property
road, in receivership since 1930, was sold at
auction
.
&
stockholders.—V. 1M.
' 1
.
1
from
Scranton-Spring Brook to its
•
rrn?crlIr~
from
Net
part,
outstanding.
accordance
114,439
railway**.. '
railway.__L__
Gloss
will
83,401
123,880:.
>
lot,
cali
pre¬
share plus accrued and unpaid dividend.
stated
structure
reducing
remain
proposes
to
$105
company
and
of
value of $12,000,000.
preferred,
financial
for
excess
$232,309
244,141*
1,386,810?
483,478
-
trustee; 50 Broadway, New York, N. Y.—V.
proposes
on
the basis of selection by
figure the company proposes to
that
under
10
share,
per
to 40,000 shares.
If
they will be accepted
total
the
1,263,385
-
oper.' income...
Mr.
reclassify
1942
$431,040
Schulco Co., Inc.—Partial Redemption-^*
its
by lot an
In
"
the SEC to
up
amount
if
and
is
plan
reclassified
classification
■
90.623 shs.
to
consisting of
series
shares of
the
Once
of
Outstanding
150,000 shs.
has proposed
30,541
33,052
have
ing
$5,003,000
on
(in process of reorganization under Chapter X
Act), which deductions will not be available
plan of reorganization of such parents.-
stock,
shares of
40,000
will
First
corporation
preferred
ing
its
Capitalization
■
amortization charges
in the
A"' 1943
: 1944" :• <
$328,532
145,134
"
-
; '•
'
Counties,
be readily changed
bapk to peacetime production.
sales organization and
for Interest and
parents
Bankruptcy
V1945
$351,877?
147,570
The corporation has called for redemption on June 30, next, $302,007
of the guaranteed 6%
bonds, issue A, due July 1, 1958, at 100 and
interest.
Payment
will
be
made ?at
the
Underwriters Trust Co.,
Proposes to Reclassify Preferred Stock—
The
tute1-new
line
$3,887,858
-
28 offered to the public after the
150,000 shares (no par) common
stock at $15.75 per share.
commutator copper,
Cr865,600
$3,687,845
returns,
of'indirect
the
consummation
; -
^Revere Copper & Brass, Inc.—Stock Offered—Blyth
&
$3,022,258
Cr864,000
...
Federal income taxes resulting from deductions,
in
•
.
tax
surplus
•Reduction
$82,319
Co.
.;• *
*
A
Balance
Net;
$2,823,845
Federal income
to
$5,510,034
£1,219,939'
2040.
p.
.♦Deficit.—V,
1,338,475
.
income..
Net
•Adjustments
20,736
railway.?..
Prom Jan. I—
8,921
interest
deductions
Income
•:
Net
Minority
11,599
$4,360,733
1,371,113
...
15,058
....—_..._■■
*
15,949
' .1
$6,353,419
from
wiitten
income
Gross
73,644
15,114
$4,194,958
(net).
income
Cr2,110
.02,244
depl.; depr. &
.amortization
Taxes
Operating income
net of other
.Hnpome
P»ov, for
4,708
.
railway_*„—
April—
Inc.
8.465,613
taxesA'.*-*-----.---.--.---..:-__^*_*._-
Other
1944
$21,420,642 $20,701,618
taxes—
income
2,693
Oper! income*-
161,
The
1945
_______
Depreciation
Federal
$5,530,771
San Antonio Uvalde & Gulf RR.
'-
less than
1945 were 24.59%
March 31—
revenues..*
purchased
$6,269,368
Jan.' 1—'
Gross from
$82,595
expenses
gas
10L247
$1,224,707
income..
oper.
? Prom
agreement
Total
$5,429,525
137,052
p: 2226.
railway
from
Net
Electric Corp.—Earnings—
&
161,
from- railway
total
Rochester Gas
$6,132,316
28,830
$1,540,506
Net
1942
$90,167
in
hand
on
$1,195,877
of
April—
Gross
*
$69,146
amounted
assets
Current
.
2,106,249
Net:from railway—"
the first quarter of
quarter of 1944.
during
2,183,988
fixed
for
year.—V.
Net ry.
Income.
Federal capital stock and
March quarter amounted to $125,000 in
for
495,233
St. Louis-San Francisco & Texas Ryv- -Earnings—
from
1944^ $749,237-in 1943 and $376,475 in 1942.
Shipments
;
v$204,019
93,947
last
ry.
Federal
for
taxes
$368,830 In
7,023 419
12,583691
income
from
deductions
Net
..
franchise
6,840,242
$1,549,199
charges
Net
•A
5,248:,142
(5,069,055
12,792,136
34,655
avail,
3,910,317
1,607,722
$0.30
:
1,707,641;"'
$1,514,544
income.
Income
•Bal.
1,638,559?
3,027,859
545,036
oper.
Deductions
.
System
3,316,393
income
Total
'04,438
.192,578
,76.1,917
1945—4 Mos.—1944
$9,593,212 $39,917,550 $38,266 817
revenues—1 $10,129,361
<fc struct,
1,311.933
equipment...
1,751,875
Net ry.
Other
,
1945—Month—1944
expenses
7.590,405
-
7,569,119
Transportation expenses
Other
.930,191
,200,288
33.444,819
11,878,877
5,155,686
way
of
.180,081
3,199,942
36,416,798;
10,409,066
oper.
Gross
taxes—---
2,006,231
Earnings of
Maint;
•
1,144,631
-
-
5,897,541
Period End. April 30—
Maint. of
1942
$8,619,328
38,141,536
12,280,590
income..
'■
Total
1,449:952
1943
$9,165,137
-2,531,929
1,438,497
railway^.—
oper,
ry.
4,320 3<r>
2,058
3,695,628
1,150.495
1944
1945 *
$9,624,862
2,966,427
,
railway.:
from
Net
280,795
6,017,412
:
1—
from
Gross
...
income*.
oper.
7,254,921
1,404,024
Earnings per com. share
1942
$224,904
$136,776
railway.
Jan.
From
430,551
341,443
Francisco Ry.—Earnings
railway;
from
from
$1,042,263
.
St. Louis-San
net
$166,181
(Profit
p.
12,112.634
Maintenance
VMi
1943
136,715'
161,
1,188,410
banks and Government securities of $3,419,493.
Current liabilities,
including provision for Federal and other taxes,
amounted to $1,848,829, a ratio of 3.05 ta t.—V. 160, p. 2188.
$273,491
$232,242
revenue
961,276
all chgs.
inc. after
and
cash
1944
::
1,049,928
7,313,414
31—
Quars. End. Mar.
♦Net
Subs.)—Earnings—
(&
3,647,377
income.—
2040.'
13,028,011
Ritter Co., Inc.—Eafnings-
Power
1945
3,946,057
ry.
760,364
.
^
Operating
,
from -railway—;-.-.-
Net
12,078,254
.5,844,524
...
tnceme
2039.
»
Republic Petroleum Co.
283,415
6,983,476
Gross
from railway**;—
Gross
Net
Net ry. oper.
authorized the company to issue not exceeding
certificates to be delivered at par and accrued
3 Mos. End. Mar. 31—
307,255
—V.
1942
V 971,559
4-
1—
oper.-
ion
0R7S»
,jW
.1943
$1,559,444
1,017,277
7,521,417
1942
1-—'\.n/
From Jan.
2
«
$1,844,184
1,159,394
income—
oper.
Net
1943
1944
.
income
Net ry. open
;v..v:
Potomac RR.—Earnings
&
1945
$3,094,033
1,535,966
190,543
'
Gross,from railway....
Net:fron* railway..*...
■
outstanding.—V. 160,
:,
.....
Fredericksburg
$919,296
\ $0.83
,,
$1.32
and for special amortization,
income
on
tOn the 1,023,662 shares
facilities.
2653,
Richmond
;;
for
1944
$2,058,901
railway—
3,580,885
—A
share**.—,
of emergency
p.
Defense Supplies Corp. to evidence a loan or loans in
ltis,amounts to be used to rehabilitate the railroad properties.—V, 151,
859.
of
'
Brownsville & Mexico Ry;- -Earnings
railway
from
—
$1,166,376 in April, 1945,- and $5,022,844 in
period Jan. l to April 30, 1945, for estimated income and excess profits
taxes, compared with $1,021,000 in month and $3,857,507 in period
1944
1945
"
—
deduction
•Before
interest to the
P.
ry.
Gross
31, 1941
Dec.
income.,..*.
on
213,642
153,353
-
'April—
24
receiver's
of
taxes
1-331,133
1945—4 Wks.—1944 - '1945—20 Wks
$49,567,431 $52,203,4698242,'565,238$243
-
1945
From Jan.
Gross
f
Southern RR.—Receiver Certificates—
Grande
Net
$1,749,374
2,138,080
per- common
fEarnings
1945, it was 2.22-to-l."—V. 161, p. 605.
on
630,041
profit'
Net
;;
,
Rio
Sheet,
earnings
for
amortization
Special
,
The ICC
$1,708,554
630,039
payments
•Consolidated
77,064
Inc.—Sales Lower—
19—
railway
from
from
due
Provision
Corey,
minor. ^Manpower has been a problem and em¬
ployees lost to Selective Service, by sickness or for other reasons, have
not always
been replaceable, even though Reliance has the highest
labor priority.
However, we have the volume of business to operate
at the maximum capacity possible for the last half of the year."
:
Demand from the automotive industry for electric motors built by
Reliance has received considerable impetus since the War Production'
Board's recent okay of that industry's reconversion program, the let¬
ter" reports.
It is also revealed that Reliance has launched on
a
comprehensive three year plan of cost reduction, product redesign,
,' aed sales development.
•;:' *■:?■ v ■
?*: "i
1 * '*'.
;
!Mr. Corey states further*. "As our termination problems have dinupfshed, the board of directors has authorized the reduction of the
V-lUcredit from $5,000,000 to $3,000,000, thereby reducing the service
charge. f No borrowings against the V-T credit have yet been made but
ai we expect our operations to continue at a high rate it may be nec¬
essary to borrow on this before the end of the fiscal year, since the
progress
payments oh ? contracts" will have practically ceased in the
loatilhalf of 1945,"
Sales and credits will be made on t£ peacetime
basUm), These borrowings, if made, can be liquidated, should opera¬
tions decline.
A*,.,-i
AA /A:;:.' ■' -.A.
A*:
Renegotiation proceedings for 1944 have not yet been completed,
but it Is felt that reserves set up in that year should be ample
to
co 'er
any necessary adjustment.
.'
A '?_,•*•* 'AAA*. AA
A,/A*
"The policy of setting up-a reserve of about 7S% ^ our tax liabili¬
ties in tax notes; is being continued.
A •*?->'?"A'''.rjA
:
."Tax notes in treasury on April 30, 1945, were $1,324,000.
Cash on
hind on April 30, 1945, was $1,193,862.
Inventory on Oct 31, 1944,
was
$1,689,019.
Inventory on April 30, 1945, was $1,769,359.
Ratio
of assets to current liabilities on
Oct. 31,
1944, was 2.05-to-l.
On
April 30,
$2,289,363
—
Reynolds Metals Co. (& Subs.)—Earnings—
have will be
we
any
10,000
Quarter Ended March 31—
period
the
for
President, states:
"V-E Day has come and gone
and we have not had any serious cutgacks
that effect the backlog.
A
check with various procurement agencies leads us- to believe that
W.
Cr47,400
taxes—,———.——___________________
orders
149,174
April—
Gross
•After
$9,733,757.
James
233,200
Ended - April 80, 1945
Earnings- for Six Months
Shipments
Crl60,000
payable, $3,739,490; accrued liabilities, $1,150,payable on preferred stocks, $157,509; customers' ad¬
on
sales contracts, $252,459;:'provision for Federal,
State
and
local
taxes and
renegotiation of war contracts (after
deducting U. S..tax anticipation notes of $16,290,000), $1,494,077; bond
sinking fund payments, due in 1945. $40,000; first mortgage, 3lW/»
sinking fund bonds, due Nov. 15, 1960, $5,158,000; reserve for com¬
pensation
insurance,
$654,342; reserve for post-war contingencies,
$2,750,000;
reserve
for inventories, $1,350,000;
7% preferred stock,
$2,204,000; 5*A% preferred stock, $9,062,300; common stock (1,332,667
shares
no
par), $5,056,715; stock
purchased and held in treasury
(45,751 shares common), Dr$170,020; surplus
applied against stock
held in treasury,:$170,020; capital suiplus, $1,477,377; surplus earned,
$8,509,949; total, $43,106,377.—V. 161, p. 1662. .. •.
Av.*y-A:
due
D,
series
mortgage 3!/a% bonds,
issued and outstanding.
Cr383,200
Cr87,600
dividends
vance
authorized the listing of $84,-
has
refunding
and
first
000,000
May 1,
Exchange
York. Stock
New
10,000,000
Liabilities—Accounts
159;
and Refunding Bonds—
Reading Co.—Listing of First
135,793
800,000
11,500,000
73,707
800,000'
10,350.000
;
on hand and demand deposits, $5,284,950; U. S. Treas¬
March 15, 1945, $1,000,000; accounts receivable, trade
(after reserves for doubtful accounts, $777,698), $6,583,858; miscel¬
laneous notes and accounts receivable, $820,392;
inventories, $13,927,188;
non-current investments and receivables, $323,571; properties,
plants and equipment (after reserves for depreciation and amortiza¬
tion, $21,963,101), $11,887,117; deferred charges, $251,115;
post-war
credit for excess profits tax, $2,554,200; unamortized bond premium,
discount and expenses, $473,935; goodwill, $1; total, $43,106,377.
Av?
1,448,692
30,433
•65,753
Net
A
.137,525
dividendsi
notes
p
2226.
p.
St. Louis
767,669
218,437
Assets—Cash
ury
161,
———
161,
Net
$0.77
■
1,804,339
(net) —
Balance
$485,619
"
Sales
316,725
1,694,370
995,856
202,606
800,000
post-war conting.
income
1,537,515
•90,961
2115.
Safeway Stores,
Net
tax..
available currently
1942
1944
189,427
1,490,623
1,272,412
187,601
—
retirement
debt
to
for
Prov.
Net
*491,329
158,717
'
surtax.——
profits
Excess
33,27s
37,952
•209,284
•
-
income..
Period End. May
17,142,337
15,879,520
16,186,241
—...
expenses.-—-—
Normal and
Preferred
$0.53
-
16,857,425
•284,912
premium, discount'
bond
of
Amort,
$0.78
$0.75
•After providing for depreciation,
income and excess profits taxes
and contingencies.
tAfter providing for $1,877,750 for estimated Fed¬
eral Jncome and excess profits taxes.
No credit included for post¬
war irefund
of excess profits taxes.
tAfter providing $1,375,000 in
1945, $2,066,800 in 1944 (net of a post-war refund of $130,000 in 1945
and $201,000 in 1944) for Federal income and excess profits taxes and
$175,000 in 1945, $276,000 in 1944 for post-war adjustments and other
sh. cap. stk,_
per
CV485,
406,806
bonds.....———
on
Subsidiaries)
1945
*$332,133
Quarter End. Mar. 31—
•Net' income
Eijirn.
Cr913,508
15,472,715
Amortization of war facilities.
Raybestos-Manhattan, Inc.—Earnings—
(Including Domestic
0,
Cr828,4l0
—V.
International Shipments Gain—
a total of 26,046 international air express shipments, not including
traffic to or from Canada, were handled in April by the Air Express
Division of Railway Expiess Agency for a gain of 37%
over the same
month last year, it was announced on May 31.
;
,
'According to the Agency; these figures were based on traffic handled
hi
and
out
of
Miami,
New Orleans, San
Francisco, Los Angeles,
Bl-biTiSville, Seattle, San -Pedro, Honolulu, New York, El Paso,- Port
Worth, San Antonio and Laredo.
'Outgoing shipments greatly outnumbered
those corning into the
couhtty, the Agency said.—V, 161, p. 2338.
38,073
1,558,372
railway
railway
oper.
ry.
2,817
1942
$355,5^3
1—
•Deficit.—V.
15,784,619
—
profit.i——
Non-operating income.......——
*
.
Net
98,7b3
107,185.
63,306
Operating
20,477
170,785
13,646,860
6,376
-
3,?n?'ia5
3'7?3'333
•2,848
income
opcr.
Jan.
from
Net
-54,742
...
from
Gross
101,452,752
—
~
306,316
317,574
'102,105
105.858
-
—
ry.
From
1943
$396,674
26,313
Govern-
of
management
for
Fees
■
226,027
•Rail
transp.
revenue.
18,507,314
45,261,503 35,766,254
Payments to rail and' other carriers—express privileges.
Other
124,986,918 122,869,075
1
and admin, expenses
Piovision for doubtful accounts
Selling
66,086,921
J21.404.717
143,789,809 141,021,364
returns, etc;—-
sold
goods
of
Cost
less
sales,
Gross
94,881,506
33,855,914 115,85-2,925
,
taxes
and
Express
on
42,523,512
—
expenses—.
Operating
Interest
;-:y
1945—3 Mos.—1944
inc..
&
revenue
Net
,
railway
from
.
$
$
1945—Month—1944
1942
1943
1944
Period End. Mar. 31—
Net
1944
$393,013
27,875
railway
from
Gross
Earnings—
Inc. (& Subs.)
Railway Express Agency,
1945
$429,633
April—
'
Ended Dec. 31
Statement, Years
Income
4, 1915
Rutland RR.—Earnings-
Registrar—
York.
Bank,.. New
New Yoiky
Agefit—Chase. National
Bank & Trust Co.,
Transfer
.j
Emmons Bryant; Jr., manager
York, also have been elected
LrXangreth, a special consultant and
ol'
N.
A. Woodworth
&, Co. in New
Monday, June
CHRONICLE
COMMERCIAL & FINANCIAL
THE
May 30 to the company's reorganization
of
p"
conn
The committee will turn the
$52,000,500.
fee for
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4391
Volume 161 /
South Carolina Electric & Gas Co.—Calls Bonds—
prop¬
Seaboard Railway which
set up by bondholders incidental to the reorganiza¬
of the road.—V. 161, p. 2227.
erties over to a new company,
was
tion
The
series
of
due
Bank
of
New
has called for redemption on June '22, next, through
sinking fund, $100,000 of 1st mtge. bonds, 3^ 'k
company
operation
the
1973,
the
York,
104 \\
at
N.
Y.—V.
160,
Seaboard Oil Co. of Delaware (& Subs.)—Earnings-^
1945
End. Mar. 31—
Quarter
$3,102,462
1,077,499
1,006,0.94
expenses
Operating
$2,367,167
$1,916,941
787,109
802,481
•
Other income
$2,096,368
$1,580,058
20,735
20,732
income
$2,403,483
$2,117,103
$1,600,790
624,272
443,493
20,239
926,366
528,772
9,000
11,000
for
Gross
Int.
439,004
Net
75,000
82,500
100,000
50,000
$738,272
$454,726
$495,098
Earn,
$0.37
$0.40
provision
March
of
As
made,
deemed
nor
$0.22
1944,
31,
2''<;
to
be
Federal
for
current
assets
$5,623,339
were
and
1,717,995
1,727,979
$104,338
$1,164,131
$1,240 195
32,373
52,755
•667,719
$51,583
$496,411
$593,872
14,286
114,292
171,438
$37,296
$382,119
$422,434
Total
oper.
current
&
oper.
Net
ry.
—V.
Oper.
2,566,245
2,534,436
10,770 833
9,688,617
196,370
217,144
835 798
428,784
437,830
1,744, 041
1,810,050
27,126
26,206
107, 452
104,518
(net;__
directors
The
April
on
declared
28
initial
an
quarterly
dividend
of
Net
per share on the 5%
preferred stock, par $25, and the
quarterly dividend of 10 cents per share on the common stock,
cents
usual
oper.
revenue....
$1,499,522
$1,801,055
12,354
11,704
Other income
495,121
7.324,536
5,341:840
2,612,989
1,860,483
3,731,659
2.328.021
income—
982,778
664,591
2,435.561
1,500.474
after
Provision
'ifHi' t"
.
.
" '
2041.
p.
:
Square D
Federal
>•
1945
1944
$1,641,958
$1,827,979
$3,666,396
1,195.582
1,329,546
1*987.193
($498,433
$$679,203
-
chgs, but before taxes.
for
;(l;i
Co.—Earnings-
profits
profit
"Earnings
income
,1943 •>,
and
i'
taxes..--;
$8,487,565
$7,203,470
54,122
35,697
———*
421,360
F.
W.
shares
(Before
$1.06
....
of
(After
$1.56
for
reserve
renegotiation.
lor
reserve
$1.18
stock.
common
re¬
i'-bU
President, reported that the different plants of
now operating
at approximately full, or near full,
Magin,
company
are
pacity compatible
the
($446,376
■
share—......
per
the
negotiation.
on
31 J/4
522,648
7,440,208
...
Quarters Ended March 31—
876,262
taxes & licenses._
Operating rents
Securities Acceptance Corp.—Initial Preferred Div.—
461.948
189,076
8,528,968
railway
oper.
161,
"On
expense
■662,525
railway.—i,.
from
maint.
expense
Depreciation
p. 2080.
$1,470,359
945,168
from
Net
1945- -12 Mos.—1944
$5,016,670 $20,661 604 $20,967,012
$4,718,047
1942
$1,867,985
765,074
(& Subs.)- -Earnings—
1945—3 Mos.—1944
revenues...
1943
$2,187,187
605.847
ry, ;oper. Income..
Jan. 1—
646,252
$47,551
1944
$2,100,943
From
Gross
Net-
Period End. Mar. 31—
required
209,185
$47,551
unex¬
stock
railway...
Net
4,098,996
670 '">3
Southeastern Greyhound Lines
Total
$2,055,657.—V. 160,
liabilities were
$7,590,337
4,657,072
—.
preferred
railway——
from
excess
profits taxes.
excess
$8,218,434
167,723
.
outstanding
Aug. l.—V. 161, p. 1470.
on
1945
from
Net
Profit
special non-recurring income.
''Includes $100,000
Note—No
1945—12 Mos.—1944
43 of 7
—
that
expected
Spokane Portland & Seattle—Earnings—
299,902
stock-
is
It.
April—
$657,344
$270,930
$0.60
v
$79,925
Balance
profit
per sh. on cap. stk.
Net
distribution.
changed will be redeemed
Co.—Earnings-
900
deducts.
pfd.
on
the
St.,
370,345
income
income
Divs.
at
Wall
$676,195
_—
taxes
other
&
made
be
trustee,. 40
1945—Month—1944
22,427
1,010.543
Provision
368,679
17,691
revenue
expenses —_
Depreciation & amort._
$1,128,613
561,978
——
depletion, etc..
Interest on bank loans_
Intang; develop, costs—
Prov. for contingenciesProVi for Fed. inc. tax.
Deprecv
2760.
will
tive preferred stock. Series A, and $4.25 cumulative
preferred, Series B.
not taken by preferred holders in the exchange, together with
approximately 51,000 additional shares, will be underwritten for public
Stock
Gross
Operating
14.153
———
Payment
corporate
p,
Period End. April 30—
Gross
$1,114,460
"159,171
int.
South Carolina Power
1942 :
$2,244,313
Balance
Total
1943
$3,321,812
revenue—
Gross oper.
1944
and
Company,
Manhattan
2489
experienced
with
the
amount
established
amount
terminations
available
labor
of
of
contracts
Government
and
ca¬
cellfhgs
the
The company has hot
the Government.
by
the
will
which
mate¬
rially influence its operations.—V. 161, p. 1888. •
-i
■
.''
i.,,; .■
7
•
'■ :"v
Standard Accident Insurance €0.—New Vice-President
'
1
-
payable July 2 to
both
$4.
par
2040.
p.
'
:
9.—V.
holders of record June
.
161,
Gross
income
Income
,
Securities Corporation General—Special Dividend—
20,885
21,627
J.
416,237
447,330
has
been
tax
1,093,176
1.335.803
5,367,430
5,951,259
tive
May
13,831
18,115
55.716
121.351
CrlO.9,318
Crl33,580
Cr536,737
Cr280,860
$408,889
$492,248
$1,934,061
$2,262,554
$0.75
$0.91
$3.56
$4.17
Net
common
of
—V.
record
of
15.—V.
June
161,
1888.
The
May 28 filed with the SEC a registration statement
$45,000,000 40-year debentures bearing 23/<%
on
Proceeds of this issue will be used to redeem at 103
Serve!, Inc.
*
Period End. Apr. 30—
profit
(Earnings per
$513,230
$883,571
$0.32
$0.46
taxes,
and
reserves
other
charges.
2,279,000
this
kwh.,
week
for the week
company
with
compared
as
last year,
increase
an
Period End. April 30—
161, p. 1469.
:
revenue
Operating
1944
$5,419,532
2,596,758
2,994,840
$789,573
—.
Provision
843,177
56,359
750,000
750,000
for
.
593,626
for
$577,326
479,215
249,707
259,282
—_
'64,494
736,115
768,580
223,388
2,590,674
2,596,190
$95,338
$98,111
—
stock
—"V.
161,
I
Sheridan-Wyoming Coal Co., Inc.—Calls 6% Bonds—
Following
made
announcement
an
due July- 1,
coupons
usual manner.—V.
redemption on June 30, next, all of
Its outstanding shares of 5r/b cumulative preferred stock at $i00 per
share and dividends.
Payment will be made at The Marine Midland
Trust Co. of New York, redemption agent, 120 Broadway, New York,
N.
corporation
Y.—V.
157,
Sierra
p.
has called
Pacific
Southern
'Gross
Net
income
income—
"After
ry.
ers
short
term
will
notes
debentures will
headed
by
be
The proceeds are
be
2,574,878
2,441,405
709,569
2,790,551
2,641,897
1.285.217
1,215,983
5,194.396
by
a
group
of investment bank¬
6,808.677
7,443,456
26.606,225
33,316
...
-V.
rents
11,331
18.223
taxes..—
(net). Drl,873,017 Drl,523,281 Dr7,345,762 Dr6.887,194
Dr284.,695
Nr507,270
Dr74,249
(net).
Dro9,186
railway oper.
4,297,300
4,184,433
inc.
tures, /
due
1955,
at
par
Chase National Bank of
New York,
Y.—V.
N.
the company's work¬
Redemption—
p.
account
July 1. next, for
sinking fund deben¬
made at The
and interest.
Payment will be
the City of New York, trustee, 11
161,
Bread Street,
161, p. 2339.
Solar Aircraft Co.—Calls Ser. A Pfd. Stock—
company has called for redemption all outstanding shares of
Series A preferred stock for payment on or after July 16, 1945, at the
redemption price of $8,27 per share—$8 per share plus 27 cents ac¬
dividends
Stockholders
from
Jan.
l
to July
16, 1945.
convert series
,
,
from
ry.- oper.
income.
the
right
to
®hare for
share, into $1 par common stock on or
15
cents
May 31,
per
share
1945.—V.
pavable
June
15,
101, p. 2227.
1945, to
stockholders of record
V
The
opening
from
ry.
railway..
railway....
income.
oper.
2,685,511
85.368.245
91.272.747
—
10.816,523
—Week End. May 21—•
$6,768,018
i—*.
—Jan. 1 to May
1944
1945
earnings
Gross
19,841.976
10,348,319
37,554,773
11,048,820
11,290,882
...
55.326,201
79.436,290
37,340.026 ' 34.821,440
...
Period—
—V.
the
and
testimony
by
of
patents
markets."
Mr.
exploited
witness
rubber
Mr.
Standard
in
1929
coal.
which
:
;7.>7V.77:
perfected
that
the buna synthetic
represented about 75
buna
this
in
country.
previous testimony described the agreements
German company $35,000,000 worth-of
the
that
contends
the
by
Government
161, p. 2339.
1939
seized
acquired
it
in
full
and
1942
title
in
V-
V
•'
to
1944.-—•
'f
,.
Standard Oil Co. of
•
'•
'
n
Ohio—Earnings—
,7 ■" /
earnings after chnnges and estimated taxes
shares outstanding
7.
1944
1945
$$,407,315
$1,247,740
918.233 7V ,807,575
share——7—V;'77 "$1.31
,7. $1.32
per
terms
share.
•
testimony of Dr. Robert: T.
detailed the work of The Joint
This company was owned jointly
purchase of German processes In converting oil
Standard
patents,
in
gave
for the
asserted.
Amram
who
said
produced
Officials of Standard
whereby
Net
t,- ,1.
agreements between the two com¬
patents.
They create im fact - a
followed
Amram
Standard,
The
synthetic
be
to
were
be
to
were
of
Company in 1929.
and I. G. Farben, and
process.
the
the
transfer
Study
Standard
rubber
of
by
as
full
to
was
that
Farben,
Hague; memo¬
title to the
function only for
company's
that
was
to oil and Its by-products and; by <tho
research indicated chemical possibilities
construes
any
director of
n
American
the
of
shares
new
April 2,
011
1945,
of
$10
v,
par
the earnings
authorized ,by, the
as
were
equivalent to 52 cents
\
,
t
President of the company, stated that the company's
at the end of March
was
approximately
18,700 barrels per day as compared with 9,100 barrels per day at1 the
close of March, 1944.
He also said that the company is continuing
its
extensive
drilling program which during the first* quarter1 was
largely devoted to the West Endmond field in Oklahoma and -fho
net
crude
oil
production
Coldwater field
Standard
In
Michigan,—V.
Steel
161, p. 2228.
Spring Co.- -Earnings—
Quarters Ended March 31—
Earnings
Prov.
after
fer
&
1944
"$413,429
$1,372,180
con¬
408,868
nil
after
per
taxes
670.208
$290,416
$701,972
$0.33
>
aggregating
estimated
123.013
$481,854
charges—.,
share
common
provision
for
1943'
1945
"$890,722
taxes
adjusts.
(est.)
income
161,
estimated
post-war
tingencies
Net
on
$4,720,887
and
in
$0.20
-
nnd
1945
renegotiation
refund
•
'
$0.64
$1,908,450
of
in
income.—
2152.
p.
Staten Island Rapid Transit
6,073,376
3,082,300
9.511,435
2,457,761
8.553,576
2,813,097
...
From Jan. 1—
Net
G.
"The
previous
in
the
in
1939
$21,350,423 $20,355,595 $15,323,445
8,820,560
railway....
from
I.
that
In
•
Government
Haslam,
V.
1942
1943
1944
$22,303,655
railway..
from
Net
and
respect
when
joint
panies as negating
world-wide division
1944
1945
AprilNet
officials
declared
He
war.
patents
the
Jersey
arrangement
Custodian
Property
of
asserted
He
New
with
concern
"The
Earnings
21—
April—
Net
from
Net
ry.
$6,761,034 $139,291,258 $133,464,492
railway..—
1943
1942
$303,915
$194,405
234,679
119,877
46.264
125,909
64.824
j>.I;8,047
1944
7 218,735
income—
oper.
7
$460,269
$470,863
railway
■
,
103,787
From Jan. 1
Net
Net
from
t
railway...i
1.902,396
1,682.090
railway—....
708,962
797,721
527,867
oper. income—.
318,258
422,800
287,086
from
ry.
"Deficit.—V.
161, p. 2339.
Ry.—Earnings—
1945
Gross from
Gross
1944
1945
Spiegel, Inc.—Listing of Additional Common
Stock—
authorized the listing of 48,500
part
upon official notice of
issuance under certain options granted by the corporation to certain
of its officers and
employees, making the total amount applied fdr
1,657,492.—V. 161, p. 2152.
-
The
York
New
shares
additional
Stock
of
Exchange
has
stock
common
($2
161,
p.
1.242,971
-
'»!
688.963
1J0.898
"38,223
2041.
,
Spokane International
from
Gross
Net
from
ry.
From
Net
from
Net
rv.
—v.
71.479
97.969
24,537
32,624
27,317
1942
1943
$192,889
•
$104,081
May
on
24
Delaware.—V.
H
?•><••
the
announced
161,
p.
2339.
3 Mos. End. Mar. 31—
Operating
Other
income
sale
675,339
734.474
railway——
189.169
418.770
106,526
96,479
71.952
126.960
61,604
profit...
of
1944
1945
$888,500
113,264
securities
_
$2,323,444
115,758
18.711
.1942
1943
$1,241,848
114.923
—_
$800,080
117,431
9,134
335.247
314.707
:
(Including Its Canadian Affiliate!
30,201
p.
income..
1888.
f-.-V.V-
■&:
Squibb & Sons—Plans Financing-
probably will ask its stockholders
to authorize an issue of 150.000 shares of new $4 cumulative preferred
stock.
Of the contemplated issue, approximately 99,000 shares will be
offered in exchange share for share to holders of prevent $5 eumulais
northern
44,125
,
759.120
(E. R.)
it
and
Profit
income—
railway..—
oper.
iei,
1944
$188,243
1—
Jan.
from
Gross
RR.—Earnings
$209,738
100.968
railway—
railway
oper.
Corp.—Appoints Distributor—
appointment of Phila¬
delphia Distributors, Philadelphia, as distributors of Stewart-Warner
post-war home radios for eastern Pennsylvania, southern New Jersey
company
Superheater Co.—Earnings—
1945
April—
Stewart-Warner
The
j,
.
,
A preferred _stocK,
before 5 p.m. Juiy o.
Stockholders converting their series A preferred shares on or before
May 31 are entitled to the dividend declared on the common stock of
have
former
"After
Net
2227.
The
crued
the
Allen
Standard
Standard
nothing
'
the
ownership
the
between the world's
chemical company.' The
more or less than
a
treaty
largest
create
commercially.
18,640,770
16,654,014
Southern Ry,~ -Earnings—
Gross
to
trust.
by
of
temporary
of
by
2,500
recover
Custodian,«»be-
r»Jf
taxes
facil.
Net
67,343,062
61,401,559
_
The company has called for redemption on
of the
sinking fund, $3,000,000 of 18-year
duration
German
31,328,519
Cr48.962
manufacturing
facilities and for the development of the company's large gas reserves
the Hugoton,
Okla., and Panola County, Texas, fields, with the
Socony-Vacuum Oil Co., Inc.—Partial
German
a
to
Property
.
in
balance remaining to be used for strengthening
ing capital position.—V. 161, p. 2116.
^
:
was
by the
city
and
—'
Equipment rents
&
the
the
mentioned
developed
4,862,687
exps.
county
Net
Co.
to be used for the modernization of
Dillon
that
establishment
patents,
Standard
Alien
W. T. Holliday,
$
655,210
Miscellaneous
banks and the 20-
placed privately with
underwritten
Eastman,
in
randum,"
per
1945—4 Mos.—1944
15,930,382
State,
world's
was
partnership."
who represents
stockholders
681,095
oper.
the
and
Amram,
final
of
suit
international
private
a
agreements
contended
the
the
Markham,
dreate
.'
Wyzanskt,' sitting
W.
interest, Mr. Amram declared that Standard
company entered into pooling agreements that were
"of
Earnings
628.945
Gross
J'ear
Mr.
18,267.793
15,548,793
Federal
has under consideration financing involving $18,000,000,
consist of $8,000,000 one-to-ten year serial notes and
510,000,000 of 20-vear debentures.
If this financing is consummated,
world-wide
patents to
-7
to
E.
pooling
Charles
Judge
German
company
the
of
23,(583,975
Federal retirement taxes
576,913
company
which will
oil
Common
34,853.067
557,136
Skelly Oil Co.—Plans New Financing—
spirit
James
of
General,
to
opposition
by
German
part
35,111,968
1945—Month—1944
April 30—
Railway
53,150
44,720
The
the
a
statement
in
alleged
55.641,437
$
tax
called for retirement all its out¬
standing 4Ve debentures due 1952, has raised substantially all the
funds necessary for this purpose by an $8,000,000 15-year loan fronj
two banks and two insurance companies. Grant G. Simmons, Presi-t
dent, stated.
The terms of the loan call for payments of $500,000
annually for 14 years and a final payment of $1,000,000 in 1960, while
the company has the right to anticipate any or all of these payments
on
any quarterly interest date.
Interest rates on the loan average
3ess than 3ft, it was stated.—V. 161, p. 2339.
the
12,156,720
142,755,170 100,826.451
50,181,783 201,496,962 203,609,265
34,251,401 140,095,403 136,266,203
recently
which
47.084.552
12,768,412
50,401,860
Joint
company,
158,990,492
44,298,199
Railway Oper. revenues.
Simmons Co.—Securs $8,000,000 Loan—
This
jury,
seized
of
"In
681.825
2227.
without
patents
V.
Earnings of Transportation System
Period End.
May
Quarter Ended March 31—
159.153,605
railway
railway-
opei*. income
662.631
161, p.
opening
an
the
1942
1943
1944
■'
Farben, the German chemical trust, were
23 by Philip W. Am nun, SpeclkF As¬
O.
I.
Court
States
from
Co.—Earnings—
1945
from
from
$2,589,257
accruals.—V.
reserve
In
From Jan. 1—
Gross
$2,735,123
48,070
retirement
a
from
$209,368
56,714
—
includes $142,355
1945,
Unemployment ins. taxes
1943—12 Mos.—1944
1945—rMonth—1944
$221.445
revenues
of April,
month
Net rev. from ry. oper.
1276.
Period End. April 30—
412,296
$534,580
and
Federal
Attorney
world-wide partnership.
-
railway— $39,763,430 $39,258,534 $37,229,208 $26,895,777
Net from railway
14,564,545
9,700,243
11,302,262
11,280.467
Net ry. oper. income
3.066.909
5,651,107
5,049,855
2,816,634
Gross
for
Pacific Power Co.—Earnings—
Operating
412,296
$657,254
and commercial and industrial gas sales
1942, to March, 1945, heretofore held in escrow pend¬
Shippers' Car Line Corp.—Calls 5% Preferred Stock—
The
the
34,358
heating
space
April—
Net
.uyy
•
United
stock
Net
•
for
revenue
$946,876
ing determination of rate proceeding, released by order of Public Serv¬
Commission of Indiana dated April 13, 1945.—V. 161, p. 1888.
y;y::v
should be detached and presented in
1945,
p. 2444.
160.
vvvvvy
,
y
V';:A
York. n. y.
The
to
$1,069,550
ice
that the company on
May 28
on
July 1, next, would redeem $89,000 of its outstanding 1st mtge. 6r.'c
sinking fund gold bonds due July 1, 1947, out ol sinking fund monies
available for that purpose, it was further announced on May 31 that
the entire issue would be redeemed on July 1 at 105 and int.
Payment
will be made at the New York Trust Co., trustee, 100 Broadway, New
the
applicable
from September,
1136.
p.
>
$69,164
Note—Gross
•
Surplus
249,222
$39,791
34,358
Balance
$1,196,098
260,626
$74,149
$103,522
$1,330,176
21,189
$126,356
22,834
deducts...
pfd.
on
2,912,800
3,197,908
■64,508
income
Divs.
$7,473,668
339,425
479,215
$100,398
Dividend
in
actually
1945—12 Mos.—1944
$7,854,875
amort.a
income
other
&
Net
1,058,293
$579,613
income
Int.
Co.—Earnings—
$632,929
65,495
depreciation
Provision for income and excess profits taxes-
Gross
865,506
;
Net
1945,
26.
taxes—
&
$6,311,460
charges
Exchange
Provision
May
kwh. for the cor¬
17.6'i.—V. 161, p. 2339.
1945—Month—1944
——
expenses
Depreciation
1945
:
—
Expenses
Fixed
ended
■■
company
largest
1,938,000
of
Southern Indiana Gas & Electric
1,726,926
tOn
The
accued
but
Co.—Weekly Output—
p. 2190,
:
(N. J.)—U. S. Accuses Company of
World Partnership With I. G. Far ben Trust—
n:'*' ^
suit,
Shawinigan Water & Power Co.—Earnings—
3 Months Ended March 31—
revenue
1962.—
$0.57
Gross
Gross
output of
responding
$979,598
$0.22
value common stock outstanding.—V.
par
totaled
1944—6 Mos.—1943
1944—3 Mos.—1943
$454,460
—
share
Federal
"After
Chares of $1
Electric
'
■ ■
......
Standard Oil Co,
and
(& Subs.)—Earnings—
"Net
similar
a
1,
1028.
p.
In
22.
■
cause
Southern Colorado Power
*
April
debentures due
"iW'fc
2116.
p.
the company's New Jersey branch office,
Vice-President, the appointment being effec¬
Manager of
Resident
made
this capacity he will continue to manage the affairs
of the New Jersey branch as m the- past.
C. J. Collins continues as
Resident
Vice-President
in
charge
of bonding at the
New Jersey
the issuance of
outstanding of 25-year
161,
Durling,
sistant
company
amount
V.
Telegraph Co.- -Registers
&
SEC—
covering
interest.
preferred stock of the company issued and outstanding in the hands
of the public also have been declared (out of earned surplus of the
company for the quarter ending June 30,
1945). payable June 30 to
holders
161, p.
M.
branch.—V. 160,
share
per com.
Southern Bell Telephone
30 to holders of record June 35.
quarterly dividends of $1.50 per share of the
cumu¬
preferred stock and $1.75 per share on the ?#>
cumulative
lative
*
income
With
on June
The regular
paid
refund
Earnings
the market price of International Utilities Corp. common stock
the close of business May 28, 1943.
Said dividends are to be
upon
as
holding
....
tax
prof,
excess
Post-war
stock in multiples of less than 10 shares, or
fractional shares, shall
be paid in cash for fractional interest in
International Utilities Corp. stock to which they would be entitled
under the foregoing dividend declaration, said
amount to be based
holders
$8,523,262
$7,257,592
1,304
98,869
income taxes-...,*
State
Cerp.
of
holders
$1,812,758
5,134
100,164
income
Federal
dividend of one share of common stock of International
for each 10 shares of common stock held by stock¬
Securities Corporation Genera; has been declared.
Stock¬
special
A
Utilities
$1,511,876
..
deductions
Federal
understood
that the company
Total
income
$1,001,764
Depreciation
"Federal,
foreign
Minority
Net
Earn,
Income
taxes-
58,582
36,336
29,629
569.946
1,431,196
803,549
472,104
com.
share.—
21.416
39.900
57,065
35,996
$328,423
profit
ner
$926,645
and
interest
"Includes
$1,356,770
81.978
-
Dominion
$2,457,914
S928.235
$459,820
$388,916
$0.38
$108
$0.53
$0.43
provision for excess profits tax.—V. 161, p.
1888.
FINANCIAL
COMMERCIAL &
THE
2490
Monday, June 4, 1945
CHRONICLE
into an agreement with the
the distribution of natural
Tennessee Gas and Transmission
gas in Tennessee and TennSS.
if the proposed sale is promptly consul?
mated, they will be able to have a supply of natural gas available in
the city of Nashville by the coming winter.
Under these circumstance?
it would appear that Tennessee is the logical purchaser of the Nash
viiie stock;/'—v. 161, P. 2377.
//;,
•
tered
(Calif.)—Calls $4,165,000 Debs.—
There have been called for redemption on June 25, next, $4,165,000
principal amount of 3Vii7e debentures due 1956, at 1043/4 and interest.
Payment .will be made at the office of Dillon, Read & Co., paying
agent, 28 Nassau Street, New York, N. Y.—V. 161, p.. 1888.
Period End. April 30—
Saies
The
Electric Co.—Earnings1945—Month—1944
Operating revenues
$650,626
$626,548
0Gross income
i—
105,773
115,168
reserve
$6,980,953
1,191,926
1,161,469
1,328,042
1,249,397
,
v/Z/v/'''/'
2152.
p.
'
Net
ry.
Net
87,606
32,219
105,193
112,891
48,240
161,
312,639
1,748,122
483,182
150,798
190,537
222,085
stock
convertible
of
Co.—Earnings-
oper.
revenue—_
expenses—
1,386,454
$378,729
rev-
$186,033
$184,565
$184,539
20,750
26,743
25,321
26,844
$182,190
$159,290
$159,244
$157,695
115,820
115,820
116,782
118,565
9,943
10,006
10,167
Total
Total
incomeincome
$184,070
$199,001
$1,506,513
and
9,943
expense
income
Net
$33,527
$32,456
3,144
37,104
$187,886
$202,145
$1,543,617
$2,108,641
170,694
172,838
1,712,284
1,752,953
$17,192
$29,307
*$168,668
$355,687
531,828
1,371,858
1,235,591
11,491
10,053
suplus$620,976
$565,355
$1,414,367
$1,276,045
17,211
17,211
17,211
deferred charges, $523,903; due
cash in banks, $475,022; special
$18,308,487;
companies, $55,000;
Assets—Investments,
subsidiary
frcm
"fie, osits, $1,657;
dends receivable,
31, 1945
March
Sheet,
Balance
$1,258,834
$1,397,156
$548,144
$603,765
31
Mar.
accrued divi¬
unmatured interest receivable, $16,283;
$53,812; total, $19,434,164.
$4,917,400; particirat'ng preferred stock
(no par), $82,771; class A common stock
<78,437 shares no par),
$452,771; class B common stock ($1 par),
0.000; funded debt, $9,259,000; due to subsidiary companies, $103,0(0; account payable, $3,995; accrued interest $154,317; accrued taxes,
800,499; reseives, $1,702,539; capital surplus, $1,515,107;
surplus re¬
ceived for general contingencies,
$160,000; earned surplus, $603,765;
$19,434,164.—V.
total,
161,
p.
(par $100),
stock
first preferred
liabilities—7%
1029.
St. Louis
Terminal RR. Association of
demption—
Partial Re¬
—
July 1, next, at 104 and
ill crest, $61,000 of refunding and improvement mortgage 3%%' bonds,
se ies
B, due July 1, 1974, through operation of the sinking fund.
Payment will be made at the Central Hanover Bank & Trust Co.,
trustee, 70 Broadway, New York, N. Y.—V. 161, p. 2152.
for redemption
Net
ry.
From
Net
ry.
the
of
sale
South
161,
•Net
577,077
Net
from
Net
ry.
*21,301
242,352
256,186
170,582
Net
from
Net
ry.
—V.
income—
oper.
Apr. 21, '45
railway
$411,146
;
1,482,303
revenues
Operating
__
income
way* operations
A
r
Ry.
:;
Quarters End. Mar. 31—
before
Contingency
reserves
:V'"v
income
Equip, rentals (net Dr)
i
621,075
77,136
*19,526
taxes
Jtd facll.
•''
.
15,173,708
14,945,950
182,873
Net
Total
4,954
income
$685,664
$2,667,591
$2,251,758
59,660
268,191
252,650
$748,949
$640,738
$2,935,782
$2,504,408
6,936
23,688
25,845
60,737
280,865
_
$581,078
288,541
1,123,803
1,174,604
L._'
$1,074,566
$1,169,887
$1,167,524
773,687
818,921
758,890
j
42,983
35,096
$461,148
$328,509
$1,786,134
$1,269,067
2228.
p.
profit
the
The
r
i
company
has called for
outstanding 1st
102% and int..
due
Buries
Holders
classes
both
price
presenting
on
Aug.
1, next,
all of its
ref. mtge. gold bonds, 59a
senies due
1956, at
and all of its outstanding 1st mtge.
bonds, 4%%
at 106 and int. Payment of the two issues will be
Bankers Trust Co.,
of
redemption
by
redemption
& 4%% Bonds—
A
1965,
at the
made
with
such
Also Calls 6%
of
trustee,
bonds
accrued
to
bonds
the
Wall St., New York.
1G
obtain
may
interest
to
date
trustee.—V.
N. Y.
immediately the full
set for redemption
161,
2339.
p.
recapitalization,
equivalent to 39 cents per share.—V.
Gold Debentures Bonds for Payment-^-
has also called for redemption on July 1, 1947, at 110
M.d interest from Jan. 1, 1945 to July 1, 1947, all of the outstanding
C't
gold debenture bonds, series A, due July 1, 2022.
Payment will be
at
rvirie
The
Broad St.,
1!
Holders
erued
the
Chase
Bank
of
the
City
of New
York,
$408,634
*$0.10
$0.41
first quarter 1943 earnings were
161, p. 1360.
Mar.
31/45 Mar. 25/44 Mar. 27/43 Mar. 28/42
$42,028,730 $41,970,539 $18,655,248 $13,402,924
Prop, of prof, of control
subs,
(not consol.)
Dividend
income
Other income
The
obtain immediately the full redemption price, plus
interest to July 1, 1947, upon presentation and surrender of
may
161,
p.
2339.
1559,
at
102l/a
and
interest.
Payment
will
be
Payment—
made
30,
due
at
next, all
Sept. l,
The
First
National Bank of Boston, trustee, 45 Milk Street, Boston, Mass.
The
privilege to convert said bonds into common stock will expire at the
ch.se
of
vertible
50
business
into
common
25
on
May
common
shares.—V.
20,
1945.
shares
Each
and
161, p. 2340.
each
'
$500
of debentures
$1,000
of
is
con¬
debentures
into
-
Thatcher Mfg. Co.—New Vice-President—
David
R.
Parfitt has been elected
nucceeding George Dusterdiek.—V.
,?
1.
Vice President
161, p.
2042.
USI..
of
those
Haskell emphasized that
Mr.
&
essentia] oils, flavors, olco resins, aromatic chemicals and kindred
products • to the soft drink, food,
confectionery, flavoring extract,
pharmaceutical, soap, perfumery and similar industries.
The ma¬
terials to serve these fields are continuing to be sold today in large
During the past five years the company has made important
the development of products for the insecticide and disin¬
volume.
strides
in
fectant
industry.
\
:
The company manufactures, imports or processes a multiplicity of
products—ranging all the way from ambergris to wormwood oil—
which are obtained from at least 30 different countries and which,
finished
in
—V.
161,
form,
sold
are
in
equal
an
number
of foreign markets.
2377.
p.
States
Corp.—Listing of Additional
Plywood
the listing of 300.382
$ 1)
on
official notice of
additional' shares of com¬
mon
stock
(par $1) on official notice of issuance, pursuant to an
offering, making the total amount applied for to date 700,764 shares.
—V. 161, p. 2269.
■;
,//,
The
York
Stock
shares
of
New
additional
issuance
as
has authorized
Exchange
stock'
common
stock
a
profit
split-up,
and
(par
100,000
(& Subs.)—Earnings—
*After
.
'1944
1945
1942
1943
$71,681
$71,886
$43,745
$31,085
$0.3-9
—
$0.39
$0.24
$0.16
share
per
Fed¬
depreciation, depletion, intangible development cost and
income tax.
eral
Current
Current
Assets
Liabilities
and
as
81,
March
of
1945
cash, $718,549; receivables, $115,318;
inventories,
Treasury tax notes, $35,000; total, $945,251; current
liabilities, $197,624.—V. 160, p. 2191.
?
$76,384;
40,146
296,768
61.413
1,418.378
1,593
373,783
.
$43,778,998 $43,450,330 $18,992,161 $13,796,113
20,794,318
3,856,257
2,944,484
Oper. exps., adm. exps.
21,467,851
Amort, of produc. costs
10,107,687
9,814,356
7,545,810
12,266,250
Partlc. in film rentals
670,236
619,214
650.091
742,510
Total
income
assets:
U.
im charge
of sales,
S.
Universal Oil Products Co.—New President, Etc.—
David W. Harris, former President and General Manager
Gas
resigned
as
while Mr.
Brian
been
R.
Carter
will
Muirhead,
named
remain
in
the
organization in another capacity.
of Arkansas Natural Gas, has
former Treasurer
Treasurer
of
Universal.—V.
161,
p.
148.
_______
Universal Pictures Co., Inc.—Stock on Big
The
stock
common
*
Interest
121,864
121,369
.___
•
2,185
981
Exchange
assets
tDeprec.
of fixed
Minority
The
______
1,100,000
______
assets
538,917
interest
May 28.
Exchange.
Curb
Provision for reserve for
foreign
of Arkansas
Corp., has been elected President. Joseph G. Alther
Vice President and director, and Macauley Carter relin¬
quished his position as Treasurer and Assistant Secretary. Mr. Alther
will continue to serve as an adviser to the officials of the company
Natural
559.404
451.616
64.613
430,519
61.982
______
______
Fed. normal tax & surtax
1,400,000
1,100/000
500,000
650 000
4,150,000
7,200.000
2,650,000
Cr265,000
______
markable
new
which
was
■
comeback
companies
stock
The
the
on
Board—
Stock
York
trading on the New York
formerly traded 011 the New
to
admitted
was
"Big Board"
of
in
marks
a
new
milestone in the
had
re¬
picture
vhen
assumed control.—
one of the pioneer motion
sunk to the verge of bankruptcy
Universal,
1936
______
C/'720,000
listing
_____
profits
tax
refund
______
Cr415,000
Res.
contingencies_
V.
management
161,
200,000
for
Utah
headed
Power & Light
Period End. April 30—
Net
profit
Earnings per
common
_______
share
stock
$2,855,485
$3,186,303
$1,751,740
$841,561
Tota
oper.
Total
on
$1.57'
$1.33
—
fNot
including depreciation of studio
production costs.—V. 161, p. 2376.
and
'
$0.81
equipment
of
been called
will
be
for redemption
made
City, Mo.—V.
at
the
on
June
notes
due Dec.
absorbed
15,
Cowdin-
rev.
Co.
(& Sub.)- -Earnings—
$1,248,877
deds.__
902,887
1945—12
$1,372,220 $14,031,559
10,186,3 1 9
1,046,784
Mos.—1944
$18,566,711
13,164,841
$0.28
in
System, Inc.—To Retire Notes—
the outstanding 15-year 5%
Gheever
1945—Month—1944
revs._L
oper.
/Net
oper.
Other
Total
S5.40l.870
l2'8^
S5,4!4.737
103
$325,539
$3,855,831
179,187
161.167
2,032,408
3,092.o45
$167,068
$164,372
$1,823,423
$2,322,192
142.063
142,063
1,704,761
1,704.761
$25,005
$22,303
$118,662
$345,990
(net)___I
income
inc.
265
$3,845,240
10,591
$346,255
revs.____
income
Gross
Z All
by» J.
2377.
p.
deductions
$325,436
1956, have
15, next, at par and int.
Payment
City National Bank A Trust Co., trustee,
Kansas
151, p. 433.
Net
income
Dividends applic. to pfd.
stocks for period___'_
Balance
-V.
161,
p.
$617,431
2377.
Company filed May 29 with the SEC a proposal to sell to Tennessee
Natural
Gas
Lines,
Inc.,
of
Nashville,
its
holdings- of
20,000
shares
Utah
($100 par) capital stock of Nashville Gas & Heating Co. for $1,100,000.
corporation has called for redemption on June
outstanding 15-year 57c convertible debentures
its
17,812
______
132,038
1,618,230
______
_________
United Gas Improvement Co.—Plans Sale of Sub.—
Textron Inc.—Calls 5% Debentures for
of
Subs.)—Earns.
trustee,
New York, N. Y.
bonds.—V.
69a
National
with
merged
Olcott
&
of
.
these
the capital stock out¬
standing of Nashville, "is considered to be in the best interests of the
UGI stockholders,"
and, in addition, would enable the company to
comply with an order in which the Commission on May 7, 1942,
directed UGI to divest itself of interest in Nashville Gas.- /■-:;Sale
J\
$315,870
$0.31
Twentieth Century-Fox Film Corp. (&
Union Gas
The company
'1
$257,896
$340,401
$0.36
—
Post-war
Texas Power & Light Co.—Calls 5%
f
be
Dodge
—
•,
announced that, effective
25
will continue to operate as a separate entity under
Olcott name and would' retain its present management,
headed by Francis T. Dodge, President,
and. Charles E. Myers and
V. H. Fisher, Vice-Presidents.
'■
Prior to the war Dodge & Olcott's principal business was the sain
the
Earnings
Excess
income
161,
31,612
42,935
681,028
"'
.
—
charges
Net
—V.
21,440
$.2,964,398
63,285
deductions;
Miscell.
Fixed
•
income
ry, oper.
income
Other
183,055
$3,498,692
788,166
(net Dr>
rent,
' r-''J- '::
v
1942
1943
1944
968,835}
(
re.serve.__j
•Allowing for
$785,573
$873,491
operating
would
May
on
1945, the assets and business of Dodge & Olcott Co., said to
country's oldest and one of the largest essential oil companies,
1,
the
be
•Net
•
Ry.
June
President,
Haskell,
L.
Universal Consolidated Oil Co.
1945
$1,309,236
—
Inc. from sales and rent
1,854,906
Inc.—Acquisition—
U. S. Industrial Chemicals,
Glenn
Secretary and Treasurer.
F. Cordes,
John
5,297,213
$3,009,949 $11,494,854 $11,388,268
2,224,376
7,996,162
8,423,870
$2,728,397
__
accruals
tax
—V.
2043.
p.
of
charge
of production and
161, p. 609.
charge
3 Mos. End. Mar. 31—
10,676,007
rail-
from
rev.
1,520,299
886,30.9
765,266
686,618
.
13 Weeks Ended—
Net
1,802,881
1,057,745 "
833,787
852,314
railway——
oper.
26,485,001
3,816,341
$196,975
79,878
54,162
Tubize Rayon Corp.—Earnings
Net
3,716,838
$407,274
248,570
219,189
1,647,328
railway
23,151,226
9,652,162
1945—Month—1944
1945—4 Mos.—1944
$6,445,235
$6,826,290 $26,440,804 $26,561,970
expenses—._
200,482.
1—
Jan.
from
from
Profits
Ry.—Earnings—
Operating
$434,938
255,850
169,985
•
Jr., Vice President,
H. W. Kephart, Vice
sales, P. M. Loddengaard, Vice President in
Todd,
James
in
President:
United
1943
209,465
•Deficit.—V. 161,
2,978,159
in PersonneL-
Common Stock—
1942
1944
income.—
Earnings per com. share
Texas & Pacific
elected a director.
He has been con¬
organization, in' various capacities for 2.2. years.—
the
1942
$6,990,833
161, p. 2042.
Period End. Apr. 30—
(& Subs.)—Earnings—
sales
railway-
oper.
Taxe
5,874,392
Manufacturers Inc.—New Direc¬
2377.
P.
Dodge
1945
43,453,454
44,610,652
20,260,541
42,342,733
17,103,758
4,497,691
railway
railway
company.
—-
from
From
Net
1—
from
Gross
27,000,000
Rosenthal has been
S.
with
161.
Toledo Peoria & Western RR.—Earnings—
Gross
railway
Jan.
company
$3,250,000
April—
Gross
1944
1943
1945
$10,638,839 $10,926,188 $11,277,196
4,653,157
6,059,400
Net from railway——
4,246,954
Net ry. oper. income—
1,483,908
2,278,125
1,117,946
From
for
net
profit
232,285
Aprll—
from
10,219,801
31,000,000
.
.
President,
The
Apr. 22, '44 Apr. 24, '43 Apr. 25, '42
$1,119,848
$1,017,328
$866,344
$843,392
62,219
59,570 ■_
,
4,523
34,245
Earned per sh. on com. •$0.12
$0.11
Nil
$0.06
•After all charges and taxes,
tlncluding gross income from service
fees on operations of (She subsidiary finance company.
Note—Provision for taxes, contingencies, etc.,. amounted to $94,904
in 1945, $92,039 in 1944, $64,219. in 1943 and $73,399 in 1942.—V. 160,
p. 2655.
tConSolidated
Net ry.
Gross
Co.
note
Tilo Roofing Co., Inc.
754,008
Texas & New Orleans RR.- —Earnings—
sold 101,969
due Aug. 15. 1945, was paid on
April 28. 1945.
On July 2, 1945, giving effect to the plan of re¬
financing, the only securities ahead of the common stock will be
300,000
shares of $3.75 preferred
stock and $21,250,000 of serial
notes.—V. 161, p. 2269.
398,525
2042.
p.
Oil
shareholder in that
serial
The
760,798
361,544
income—
oper.
11,440,666
7,000,000
Following the resignations on May 22 of Leeds Mitchell as President,
John Drew
as
Vice President and General Manager,
and Mitcheli
Todd
as
Vice
President
and
Secretary, Fred
Enders was elected
still owns 78,743 shares
capital stock and continues to be the largest
this
shares,
90,000
Penn
individual
639,461
93,015
railway
Deficit.—V.
the
of
121,067
.
from
V.
and
the sale of shares of South Penn Oil Co. stock resulted • in a profit,
of
$1,023,750,
the combined profit being $2,258,100,
subject to a
capital gains tax of 25^.
The total gross proceeds of $6,524,600
added to the company's working assets are available for the refi¬
nancing to be completed on July 1, 1945.
At the present time, after
$221,736
$171,881
82,047
63,213
1,684,349
8,000,000
United Merchants &
Penn Oil Co.
the cost of which to the company amounted to $4,266,500.
shares of Mission Corp. stock were sold at a profit of $1,234,350,
1944
30,202
2,557,442
income
Fed.
tor—.
15—
stock,
111,510
72,933
railway
from
Gross
Net
3.7^
—V.
Stock
Sells Part of
Mission Corp. stock and 90,000
$217,330
oper. income—
Jan. 1—
—
year, the company
shares of South
this
of
quarter
first
the
During
57,944
20,930
:
railway
from
Oil Co.
Holdings—Pays Serial Note Due Aug.
1945
railway
from
Net
1942
1943
J
—
oth.
United Paperboard Co.—Changes
$188,049
April—
Gross
on
Mexican Ry.—Earnings—
Texas
—
16 Weeks Ended—
.
called
been
have
There
14,917,502
4,697,701
profits taxeS_
161, p. 2269.
nected
inc.
Tide Water Associated
shares of
Bal.
15,971,379
4.530,713
6.
17,211
/<
7W:..pfd. dividends
net
comb,
(railway & bust
\
2,858,973
1,174,624
31,042
deductions
Total
$28,963
564.549
___
!
Total
.
$56,427
—
Surplus Jan. 1
Mi x. credits to
'
,
3,997,455
3,690,566
1,133,124
—
exc
David
debt discount
of
Amort,
4,476,227
digs.
other
&
•Includes
$2,077,599
3,816
income—
gross
11,495,152
917,862
sources
1,890,760
»
Total
1,941,111
—
$3,968,360
$3,415,374
1,908,862
193,355
non-oper,
Total
10,920,047
2,646,487
1,044,079
income
Fixed
$17,161,245 $16,115,218
13,745,871 12,146,858
$392,356
___•
oper.
3,165,742
An¬
sources
Total
34',674',280
3,092,59 5
,
} :
—
invest.
other
Net income from
194,658
net oper.
taxes
•
Incomerjfrom
38,789,999
69 4,519
762,643
trans-
incr from
Net
.8,927,829
9,946,673
facil rents
t.net)—
.
1945—10 Mos.—1944
$1,652,188
1,259,832
$1,765,183
oper.
Total
$202,941
and taxes__
Net earnings
■J
,
*Taxes
Equip.
&
Divs.
Interest
*
Railway- oper.
1945—4 Mos.—1944
37,961,932 159,444,197 155 935191
26,398,473 106,066,451 107'1750^
40,334,333
23,978,530
revenues
expenses
oper.
portation opers.
1945—Month—1944
April 30—
Period End.
—Month—1944
and Bus Operations)
(Railway
.
the'companies)
'(Excluding offsetting accounts between
Railway
Corp.—Earnings
Third Avenue Transit
Total
1942
1943
1944
1945
RR. (and Leased Lines)—Earnings—
Period End. Apr. 30—
shares.—V. 161, p. 2268.
824,250
Total
interest
and
Oper. exps.
V
—
''
shares;
(par $1), upon official notice of issuance on C01^erji'0
preferred stock, making the total applied for to aat
Total
Telephone Bond & Share
earnings
Stock—
ot issuance
total amiou
and 200,000 additional shares of
50,000
date
to
for
common
1,211,831
276,252
136,707
1,462,876
415,699
1,403,618
3 Mos. End. Mar. 31—
•Gross
,,
,
income—
2042.
p.
and Common
61,671
32,594
railway
oper.
ry.
—V.
1942
$367,988
railway
from
Net
1943
$381,380
56,515
1—
Jan.
from
Gross
1944
$392,424
income-
oper.
Prom
1945
railway
from
Net
^
.,/
,
stock, $2.50 cumulative, upon official notice
sale pursuant to an underwriting, making the
upon
applied
$323,422
,
railway—-
from
represented to UGI that
Exchange has
Stock
York
New
preferred
Ry.—Earnings—
April—
Gross
\/.
for
authorized the lining
shares of convertible preferred stock $2.50 cumulative ipai $501 upoi
official notice of issuance upon reclassification of its convertible pre¬
ferred stock ($3 cumulative!;
19,213 additional ^shares of conveiu
The
and
Tennessee Central
mechan c
//
■,
Listing of Preferred
Mos.—1944
1945—12
$7,527,524
v
112,260
accruals.—V. 161,
102,844
retirement
parts.
goods and plastic
Tampa
■"After
general,.!J.
explained that the increases were
automotive divisions, textiles,
company
replacement
and
Co.
has
Union Pacific
Period End. April 30—
Net income
Domestic Subs.)—Sales Higher
1945—Month—1944
1945—4LMos'"rl9^4
$2,273,525 $1,723,480 $7,937,801 $7,238,714
Thermoid Co. (&
Superior Oil Co.
of
holdings,
representing
all
of
In its
declaration UGI requested exemption from the competitive
bidding requirements ot Rule U-50 because sale of the Nashville stock
does not lend itself practically to such bids since all of the stock is
owned by UGI and there is no public market.
UGI also stated that
the company has "no immediate plans" for use of the proceeds and
that the agreement reached in arm's length bargaining between UGI
and Tennessee represents to the best offer received during the long
period of active negotiations.
"UGI understands," the declaration
Ry.—Earnings-
April—
Gross
Net
from
Net
ry.
"that Tennesee has en¬
12,731
522/124
514,602
84.448
railway
railway
oper.
income___
•Deficit.—V.
120,$66
49,686
131,550
63,320
161,
p.
52,752
C.
$84,222
9,744
*4,335
404.460
83.077
22,955
2043.
Vanadium Corp. of America—Official
Lawrence
said,
25.952
'Y.975
441.860
from
from
'/19,696
8,312
$99,896
ry. oper. income
From Jan. 1—
Net
1943
$125,161
12.103
railway
railway
Net
Gross
1942
1944
$108,542
1945
from
Promoted—
Miller, formerly Assistant Treasurer, has
Treasurer.—V. 161. p. 775.
been
electe
Number 4391
161
Volume
Vick Chemical Co.
THE COMMERCIAL & FINANCIAL CHRONICLE
(& Subs.)—Earnings-
;.f
mcnt in respect of
On
March 31—/■
Months Ended
9
1945
;
-
$2,312,899
681,180
$3.72
681,180
provision
for
Federal
$3.74
and
V.
income
The
with
its
profits taxes charged against income for the nine months
March 31 amounted to $3,670,294 in 1945, $3,643,289 in 1944, and
and
and Power Co.
February-
Period End.
Operating revenues
Operation
1,339,204
228,361
—
Maintenance
1945—12 Mos.—1944
$2,876,366 $47,017,827 $33,829,170
1,113,953
18,326,394
12,789,872
255,353
3,543,603
2,465,189
251,463
213,043
3,388,002
of
no
29,344
613,408
2a/4 7o
June
are
570,651
9,105.693
238,005
3,725,693
serial
debentures
and
Its
2%%
will
be
in
and
the
term
1953.
are
to be called for payment
1, 1952.
Co.
group are Guaranty Trust Co.
of New
of Boston,
Continental Illinois National
Chicago, The Pennsylvania Co. of Philadelphia
Bank
of
of Pittsburgh.—V.
161, p. 2378.
revenues.—
oper.
$790,609
$456,035
(net)_—
Dr 72
Other income
Balance
$790,536
$466,917
$8,308,448
$6,333,361
232,164
156,822
2,644,402
1,897,747
holders—
for
the
Weston Electrical Instrument Corp.
the
(&
Sub.) -Earns.
Quarter Ended March 31
1945
1944
$464,875
•$805,531
477,796
782,876
360,800
586,500
t$116,996
$137,076
160,583
160,583
(net).
59,300
profit.
Number of capital
Earnings
shares
share—
per
•After provision for
that
no
the
011
$0.73
adjustment in prices
basis
order
of
the
District
of
New
District
York,
Court
of
the
dated May 23,
United
1945,
States
second
a
of
price
war
$0.85
contracts.
tReport
and. settlement
for prior
is antici¬
adjustment of contract prices
provision therefor has been made.—V, 161, p. 1925.
110
Erie
April—
Gross
on
reductions
significant further
Wheeling & Lake
to
Southern
and Sept. 30,
preferred
payable July 2 to holders of record
Profit after depreciation, etc
Profit before Federal on Income
Federal income and excess profit taxes
Reserve post-war, adjustment-—-
Payment to Bond-
96,905
Pursuant
——
50 cents each;
18.—V.
years,
$6,236,455
10,902
$8,315,032
Dr6,584
Corp.—Dividends—
of $1.25 per share cn the 5%
$100, was also declared,
161, P. 248.
par
June
pated and
Washington Gas & Electric Co.
Net
stock,
states
2,712,640
Other
The usual quarterly dividend
Net
banking
National
Trust
Stationery
payable in semi-annual instalments end¬
payment due May
First
Bank
&
May 25 declared a dividend of 50 cents per share
on the common
stock, no par value, payable June 30 to holders of rec¬
ord June 15.
A like amount was paid on Jan.
2, last.
Payments in
on
outstanding in the amount of $10,000,000.
term $10,000,000 bank loans
loan
Tablet
$1.
2%
at
6,789,856
288,581
4%
now
and the Union Trust Co.
842,575
loan
headed by the New York Trust Co. to refinance
group
outstanding
bank
a
Others'
York,
taxes
term bank
28.
new
ing with
58,688
reduction >
$17,000,000
a
Western
The directors
1944 were as follows: Jan. 3 and June
30,
Inc.—Refunding Program—
serially with the last due date June 1,
The
2,776,469
57,764
Depreciation
-v-—
Amort, of plant acqui¬
sition adjustments
Fed. inc. taxes (exclud.
banking
The
on
$3,798,559
—„
a
$7,000,000
due
(& Sub.)—Earnings—
1945—Month—1944
•
not yet renegotiated.
the renegotiation settle¬
provision is necessary.—
sales
result
1943,
year
The 4$ debentures have been called fox' redemption on June 29 at
102Va,' with the First National Bank of Boston as trustee.
Privately
held, they are owned primarily by insurance companies;
They were
1943.—V, 160, p. 1030.
Virginia Electric
the
as
the
for
corporation has arranged
bank loans which
excess
$3,543,316 in
obtained
upon
Warner Bros. Pictures,
and
etc.
profits taxes,
(three months)
1945
which
161, p. 2377.
$3.40
foreign
Note—The provision for estimated Federal, State and foreign income
and
basis
agreed
681,180
outstanding,.!...
of capital stock
depreciation
the
ment
$2,542,473
Earnings per share
excess
1943
v
$2,524,510
profit
Common
shares
♦Net
•After
1944
■
2491
Ry.—Earnings—
1945
from
railway
railway
payment
crued
income
Net
Fed.
in
•Reduction
$5,664,046
bonds,
$4,435,613
the
inc.
97,512
44,251
$655,884
$354,346
:
.taxes
Balance
—
-
637,529
$4,535,273
,
will
bonds
1,171,602
The
taxes resulting from amortization of
facilities under the Internal Revenue
Code, which facilities are expected to be employed throughout their
normal life and not to replace existing facilities.—V. 161, p. 2269.
allowable
as
With
the
1943
Wells
1942
1,010,495
income
$127,892
$237,587
$274,266
1944
: '
1943
'1942
*
84,758
23,115
21,885
Broad
30
St.,
New
It
also
Mexico
the
City
at
Mexican
Fargo
Wells
Fargo
Madero
and
14,
branches
company
units,
the U.
sold
are
as
which
S.
to Mexican farmers,
it distributes to fanners in
an
aid
through
Wells
Fargo.
In
Mexico,
seven large farm supply houses,
John Deere tractors and other farm
operates
company
distributor
as
Reo
$2,087,038
998,582
824,343
310,987
268,359
320,268
201,244
Gross from railway
i.
Net from railway——
9,397,385
7,819,544
8,808,564
6,985,457
3,987.059
2,733,044
3,845,313
2,391,636
1,230,284
1,018,763
1,190,556
834,142
Net
ry. oper. income
From Jan. 1~~*
^
ry.
—V.
operated a complete
and operates the exclusive Hotel Rancho
owns
which
Canada
acts
$2,237,140
662.838
from
v;
Quars. End. Mar. 31—
of
Sales
products---—
deprec.,
Expenses,
etc-
oper.
p.
ill.
for
Studebaker
a
and
im¬
and trucks.
agricultural authorities,
trucks,
cars
2154.
(William) Whitman Co., Inc.—Control Acquired—
..
$296,151
purchasers and William List
152,477
160,608
per
25,467
includes
26,088
Daley is President of Otis & Co. and
Ruud
List
$94,160
$117,586
mechanical
$2.94
$3.47
$130,000 in
taxes
income
of
$90,000
ill
both
$23,901;
not
always
n i
*
)
$1,239,780;
$2,193,722),
$7,140,249.
total,
William
reserve
charges,
•Total
Wabash
'
..
1945—4 Mos.—1944
1945—Month—1944
$3,021,879 $13,025,672 $12,627,241
7,605,173
8,069,623
1,867,616
2,059,465
expenses-
$1,116,175
revenue-
oper.
$1,154,263
$4,956,049
Net
673,000
2,820,000
2,511,000
Operating
Joint
$494,175
$481,263
$2,136,049
$2,511,068
Cr74,633
032,709
0251,379
0172,637
Zb'14,143
Drl4,635
Dr58,955
Z)r62,326
income-
$554,665
$499,337
$2,328,473
ry.
$8,811,044
$7,889,877
$8,078,949
$5,947,699
3,704,588
3.006.315
725,739
3.613.734
2,256,079
810,637
income
opei'.
"857,787
—
1,113,759
;—
30,810
28,543
117,782
100,852
rents
__—
facility rents (net)
of
Sell.,
from
32.920,842
12.863,571
3,130,807
Net from railway
Net
ry.
3,418,790
income—
oper.
30,565.918
13,193,114
3,895,466
31,743,151
13,045,845
railway
ry.
oper.
income
585,475
charges
income
Net
$2,446,255
271,929
1,078,000
$1,368,255
$255,951
$315,167
—
—
$527,880
270,308
income
Gross
Fixed
161,
21.493,722
$2,722,231
1,080,717
$1,641,514
♦Include acct. amortiz.
161,
projects1924.
p.
$341,180
$340,972
$85,295
$85,243
of defense
Operating
-Assets
City-
Taxes
Federal
Sold-
The
SEC
at
4
of
the
to
strike
the
from
company.
As reason
the
assets
claims
—V.
18
Commission's
Curb
York
,
,
there
creditors
of
160.
the applications state that all
will
be
sold and in view of the allowed
no
distribution to stockholders.
54.
p.
$1,102,831
382,821
it
Co.—Recapitalization Effective-
been, declared
on
has
.he
new
capitalization will consist ot $3,881,040 convertible 3%
income
debentures, due May 1, 1975,- find 327^738 shares of common ? stock of
no
par value.
The
Sl00-par preferred
6%
stock has been called for
igf at $100 per share plus unpaid dividends
Holders may at once surrender their shares and
of July
re^emPti°" as
of
P**
Net
ten
common
new
stock was called at $105
Each share of present A stock will
shares and each share of present
prior preference
dividends to July 1.
fpr
receive two shares of new common
74,100
Other
(after
post-war
refund)
1,583
;
Appropriation to special reserve—
Co.
plus accriud
be exchange
B stock
stock.—See also V. 161, p. 2/by.
Balance Sheet,
1945
1944
•
$274,607; cash,
indebtedness (at cost), $100,000;
$70,319; accrued utility
revenues,
$18,000;
materials and supplies, $49,405; prepaid taxes,
insurance,' etc., $17,597; deferred charges, $643; total, $8,507,009,
(a'fter
reserves
of $6,917),
1942
$1,219,409
Other
and
defense
-
amort,
exc.
624
160,844
149,858
135,086
725.250
1,619.500
6,000
2,446,512
2,378.454
11.000
6,327
$205,864: deferred liabilities. $238,430;
„
10,000
Prov. for special cont.—
in aid of
$98,472;
appropriated earned surplus, $245,603; total, $6,507,009.—V. 160, p. 2191.
Net
——-
"On
$278,272
profit
from
ry.
Gross
ry.
the
share
1,358,358
1942
$3,666,868
$2,862,978
railway——.
1,622,701
2,173,265
1,643,846
1,183,517
profit
$473,431
$470,050
$304,820
$0.34
$0.34
$0.22
$0.20
shares of common
stock.
Note—No provision has been made for
possible
refund to the Govern-
$1,185,081
546,089
778,491
668,483
$386,226
$340,146
$406,590
$435,902
sales„
on
and
158,389
134,693
116,483
118,162
$227,837
$205,453
$290,106
$317,74J
4,689
6,003
5,690
6,271
$232,516
$211,457
$295,796
$324,0U
178,130
170,794
247,500
275,754
013,967
014,072
022,000
$68,353
$54,736
$70,296
$48,256
$0.55
$0.37
pro¬
income
profits
and
taxes-
refund
profits
Net
of
ex¬
taxes
profit
Earnings
share
per
$0.53
Balance> Sheet
.oiss,c„t2""~Cftsh
$202,587;
$1,104,384
gen.
—
for
Post-war
1942
$880,235
vision for inc. taxes
excess
1943
643,248
...
prof, from oper._
Prov,
1944
$0.52
of
as
March
31,
r
— w.
1945
011 hand an.d in bunk- $136,789; U. S. Treasury notes,
accounts
receivable
(after
bad
debt
$50,213),
reserve,
inventories, $984,305; life insurance (prepaid and cash
value)), $105,121; plant, property and equipment (after
$438.-
surrender
depreciation
and
amortization
reserves,
$15,291;
interest
accrued,
$319,395),
$819,677;
post-war
$219;
refund
total,
of
prepaid
and
expenses
excess
profits
taxes,
$2,931,560.
Liabilities—Accounts
payable
(trade),
$131,117;
accounts
payable
(miscellaneous), $6,481; accrued items, $38,997; Federal and State
taxes, $584,653; capital stock, $137,000; capital surplus, $632,-
income
SireVlf!fUS| 22i().
$ 1.433,698; Treasury
101, p,
p^,uji,0(ju.— V.
Wisconsin Central
stock.
Gross
Net
1945
from
railway——.
railway--—
from
——-
567,423
ry.
oper.
income—.
From Jan. 1—
Net
from
from
Net ry.
—V.
;
1944
$1,913,641
&£. 628,841
483,295
6.636.882
—
railway—
7,132,936
1,830,286
1,102,864
——
1,454,175
—
855,988
income--
2154.
p.
total,
'443,979
railway
oper.
161,
$1,860,094
—
Net
Gross
Dr$32,623;
Ily.—Earnings—
April-
v
Wisconsin Public Service
Corp.—Weekly Output-r-
Electric
output of this corporation for the week ended May 26.
10,677,000 kwb., as compared with 10,543,000 kwh
for
corresponding week last year, an increase of 1.3%V.
161, p. 2378.
1945,
the
totaled
Yazoo &
Mississippi Valley RR.—Earnings-
April—
Gross
Net
from
Net
1945
from
railway—
railway
income-,-.
oper.
ry.
from
Net
ry.
1943
1942
$2,485,907
737,209
$2,857,198
1,113,979
$2,461,125
1,545,017
1,149,591
557.575
280,905
505,566
856,860
12,159,032
11,656,994
12,367.622
9,308,728
4,778.683
4,404.791
5,051,962
4,361,177
income,—
1,738,157
1,601,485
2.354,638
3,347.450
1—
from
Net
1944
$3,440,884
railway—
railway
From Jan.
Gross
—
oper.
161,
2154.
p.
481,137
income—
574,775
901,546
949,313
—V.
railway
18,875.069
16,172,335
13.074,518
7,509,877
6,219.721
5,311.341
3,208.293
2,192,230
1,895,291
2,750,955
Gross
p.
income—
2378.
9,954,365
Total
ry.
•Fed.
Ry. of Alabama—Earnings1945
1944
1943
$426,227
123,108
$440,886
167.669
$431,061
$331,196
railway-—--
193,725
144,885
income—
37,320
49,684
56.587
71.043
Gross
income
etc.
and
from
from
railway
railway——
oper.
iei,
p.
858,248
606,698
792,475
$4,328,143
$1,309,270
$555,159
176,331
238,923
156,093
123.407
$4,567,066
$1,465,363
$678,566
income
2044,
1.764,214
548.062
155,790
1,792.388
653.427
183,241
1,725.976
1,133.454
755,203
138,910
excess
201,515
262,795
63,231
2,150,360
3,503,626
692.883
190,931
$784,385
$861,925
$509,685
$424,404
$1.92
$2.11
$1.25
$1.03
inc.
J
profits
tax.
tOn
408,658
110
par
shares of common
stock.
407,359
220.187
*
155,169
Canad.
Net profit
(Earnings per share.—
•Includes
1—
Jan.
rv.
—V.
*
railway—_
oper.
Net
$1,347,634
$3,089,915
..
1942
from
from
1942
$1,915,968
$2,913,584
tax
Net
1943
$5,186,390
974.330
income
Interest,
Western
Gross
1944
$3,387,915
—
Balance
Other
(& Subs.)—Earns.
1945
April 30-
profit
Expenses
2,185,599
railway
oper.
161,
(L. A.) Young Spring & Wire Corp.
9 Mos. End.
1—
Jan.
Net
1943
$4,681,363
from
from
1944
$4555,354
oper.
Net
per
1945
railway-
from
Net
435.000
—-—
161, p. 2270.
Western Pacific RR. Co.—EarningsApril—
From
•Earnings
depreciation reserves, $1,482,907;
special reserve, $259,420; other reserves, $3,135; contributions
construction, $315,481; surplus since date of reorganization,
April—
prof.
taxes
State income taxes-
(50,000 shares, no par), $1,000,000;
2,357
of
facil—
Fed. inc. and
50,705
2,243
48,795
3,325
$2,894,995
67,951
156,950
interest
Deprec.
$2,311,895
$3,563,749
46,695
debt
funded
stock
Net
etc.
preferred stock, $206,133;
3%/,J- first mortgage
sinking fund bonds, series due 1966, $3,000,000; ,;3,%.% sinking fund
notes,
due
1956, $1,400,000;
accounts payable, $19,477; customers'
deposits
and accrued
interest thereon, $32,085; accrued liabilities,
From
1943
above.—V.
March 31, 1945
plant, $7,906,170; special deposits, etc.,
receivable
accounts
Gross
Subs.)— Earnings-
(&
Quar. End. Mar. 31—
on
161,770
U. S. Treasury certificates of
$70 268;
Net
Profit before int., taxes,
Interest
636
$320,"606
117,750
—
-
deductions
Income
$319,970
$281,723
163,973
income-—
income
100
$280,140
profits
161,630
100,715
49,100
than income)---
earnings
Net
Walworth
Hen¬
•
$1,029,474
sales
Net profit before
—V.
J'ec^ive
viously the 7%
92,504
income—
excess
common
May 18 that the plan of recapitalization
effective.
When all shares have been exchanged
announced
was
49,838
—-
Liabilities—$5 non-cumulative participating
Waltham Watch
$1,093,133
368,375
84,330
164,477
T
——
Assets—utility
;
the company have been
company;
and
admin,
Exchange
the proposed delistings
for
of
1944
67,862
revenues
(other
Total
announced that a hearing would be held
Philadelphia office upon the applications
and the Salt Lake Stock Exchange
listing and registration the capital stock ($1 par ) of
May
on
the
New
1945
Depreciation
2,795,190
To Delist Stock—
June
Water Co.—Earnings-
Operation
Feeler a 1
Walker Mining Co. of Salt Lake
Whitman
dis¬
charges,
Years Ended March 31—
7,355.041
2377.
p.
the
100;
Net
—V.
ot
1945
less
returns
expenses
cess
Net
Maintenance
From Jan. 1—
Gross
Co.,
William
Products, Inc.—Earnings—
sales,
$2,621,379
income-
Equipments
Western New York
—
railway—
from
Net
President
$5,022,068
622,000
Net
Taxes
1942
1943
1944
1945
Jr.,
Eureka Vacuum Cleaner Co.,
Gross
payable and
for income
$373,461;
...
railway
Whitman,
Other income
RR.—Earnings-
,
from
Shoe
and
Williams Oil-O-Matic Heating Corp.—Ratifies
Merger
$229,472;
April—
Selbv
Whitman, Vice-President and Treasurer of the Whitman
and Franklin W. Hobbs, President of Arlington
Mills, all will
continue as directors.—V. 155,
p. 1423.
counts,
$3,175,640
revenues—
oper.
•
—V.
Gross
the
H.
3 Mos. End. Mar. 31—
Western Maryland Ry. Co.—Earnings-
Other
accruals, $317,355; dividends pay¬
and excess profits taxes and other
reserve
tor contingencies axxd in
general,
$530,918;
reserve
for
wartime and post-war adjustments,
$123,901; inventory replacement reserve, $33,978; marketable securities
reserve,
$58,674;
preferred
stock
(par
$100), $1,304,800;
common
stock (par $100), $3,225,800; capital surplus, $65,466; earned surplus,
$1,083,062; total, $7,140,249.—V. 161, p. 1472.
$22,834:
governmental
of
company,
Gross
$724,332;
Liabilities—Accounts
able,
is
1945
marketable securities (amount at market
$1,807,721; accounts receivable, $378,594; in¬
other investments, $174,197; plant and equipment
(after depreciation and obsolescence reserves, July 1, 1929, to March
31, 1945, $3,216,810), $1,181,409; processes and intangible assets, in¬
cluding goodwill—as valued at acquisition dates—(after subsequent
write-downs
to
March 31,
1945), $1,594,677; deferred charges and
prepaid expenses, $15,630; post-war excess profits tax credit (est.),
Assets—Cash,
ventories,
it
possible.
as
period End. Apr. 30—
'March ai, 4045
director
a
River, Mass., businessman.
allowances
1943.
Condensed Balance Sheeti
P'all
a
dricks
Cost
Operating
quotations,
reasons
to arrange
companies in exact alphabetical
However, they are always as near alphabetical
$135,066
$2.21
Federal
directors,
Manufacturing Co. and Monarch Fire Insurance Co.
is
Willson
14,819
$2.90
for
reserve
and
1944
53,160
share-
com.
order.
position
profit
Earns,
possible
re¬
reserves-
elected
were
A. List is President of Albert
Realty, Mr. Eaton is a director
Chesapeake Ss Ohio Ry. and of Sherwin-Williams Co., William R.
of the
Y
$280,855
113,382
$116,573
placement
and
$260,703
etc
Applic. of inventory
Net
$212,650
121,545
income
A.
List, Cyrus E. Eaton and William R. Daley, through the
Realty & Warehouse Corp. of Cleveland, Ohio, has purchased
substantially all the stock of William Whitman Co., Inc.
The three
39,941
NOTE-—For
Total
•Taxes,
2044.
p.
Albert
See
Net
income
oper.
161,
Albert
the
of
$1,978,026
Net
$240,915
Other income——.
of
presentation
upon
Co.,
6%
Working closely
with Mexican Government
Wells Fargo has
helped to develop scientific farming especially in cotton, winter vege¬
tables,
and limes, among both large and
small farmers.—V. 161,
$1,251,409
1,188,374
in
country,
service.
plements,
$1,462,640
1945
Trust
ac¬
mortgage
Albert
headquarters
and
try
also
1944
$1,540,949
1,303,362
6,
&
the? interest
general
Mexico, who ship thousands of carloads during the winter to this coun¬
Detinning Co.—Earnings—
1945
$965,706
837,814
June
Bank
and
28.
purchases tomato seed in
Exchange has authorized the listing of $60,refunding mortgage bonds, series B, 3%, dated
May 1, 1945, due May 1, 1995.—V. 161, p. 2377.
Vulcan
May
on
Another
and
lien
first
after
or
lien
Telva at Taxco.
Stock
York
New
on
Continental
principal and of
first
into this company of Wells Fargo Cuban-Mexican Corp.
corporation) was approved by the stockholders of both
merger
throughout
ing Mortgage Bonds—
The
made
the
the
on
N. Y.—V. 160, p. 26537
companies
travel
000 000
1941,
The
Delaware
(a
emergency
Railway—Listing of First Lien & Refund¬
Virginian
be
to
of
account
on
29,
Wells, Fargo & Co.—Merger Ratified—
income
Federal
in
♦Reduction
facilities
Sept.
York 15,
99,660
$6,301,575
1,373,821
requirements
dividend
Preferred
$310,095
$558,372
_—i
13 %
of
to
996,114
Net
amortization
&
Interest
$2,360,876
Note—The provision
for depreciation for the nine
April 30, 1945, amounted to $394,399.—V. 161, p. 1031.
months
ended
Indexes
Federal Reserve March Business
Federal Reserve System issued
Board of Governors of the
The
-
April 25 its monthly indexes of industrial production, factory
employment and payrolls, etc.
At the same time, the Board
available its customary summary of business conditions. _ The in¬
dexes for March, together with a comparison for a month and a
on
made
follow:
year ago
1
.
fBUSINESS INDEXES
■
1939
1923-25
average =
1935-39
100 for
Adjusted
1943
Total—
1945
Feb.
1945
1944
Mar.
.Mar.
Feb.
Mar.
232
257
•259
*250
250
*347
347
'364
*346
345
*176
176
175
*172
'172
171
*142
Nondurable
;
141
139
*136
135
:+'+/
'
Construction contracts, value—
59
40
*54
50
40
Second District—
*54
13
17
*13
12
18
New YOrk City
*12
Residential
81
58
Total—
Nondurable goods
172.1
*158.1
*212.5
215.2,
*115.3
116.0
.
120.4
116.6
237.3
119.8
J
t
204.1
"
481.6
209.5
140
139
145
451.4
t
•;
goods
Nondurable goods
130
136
'
*224
212
185
*212
171
t
148
148
t
141
151
value.
Department store stocks,
available.
Indexes based on dally
mineral?
multiply
convert durable manufactures, nondurable manufactures, and
Indexes to
points In total Index, shown in Federal Reserve Chart Book,
durable by .379, nondurable by .469, and minerals by .152.
To
3-month moving averages, centered
Eastern States.
To convert Indexes
Construction contract Indexes based on
of
—ana-nth,
F.
data for 37
Federal Reserve Chart Book,
Dodge
W.
figures, shown In the
at second
to value
multiply total by $410,269,000, resi¬
$226,132,000.
seasonal adjustment,
without
index,
Employment
.
Rochester
Apparel stores (chiefly New York City)
and
payrolls index compiled
>
Federal
Second
(1935-39
by Bureau of Labor Statistics.
Without Seasonal
Adjustment
Variation
1945
Mar.
Manufactures—
1945
1945
1944
Mar.
Mar.
Feb.
Mar.
Pig iron,
//
♦434
570
549
570
*434
436
452
734
452
436
■
734
*684
242
233
♦239
242
233
257
287
t
257
287
297
*195
191 +>
297
129
*113
114
Business Communications
195
155
With Rumania, Bulgaria
154
100
business
;
123
Feb.
Jan.
12T
184
133
110
113
163
136
148
235
139
132
212
tries.
189
138
154
266
135
137
113
169
127
124
186
Rochester
Bridgeport
*97
97
110
::/;; 146
*145
146
149
products
no
adjustments made for
fIndexes are based on total monthly sales
differences in the number of shopping days from month to month or for usual seasonal
167
*161
variations
165
61
56
t
87
r,
/+■/:'>
Cement
///- ' 158
163
61
59
56
59
t
66
68
■
83
123
131
*181
185
194
*310
307
308
118
*310
iv
'
•
126
151
*153
*155
150
152
215
212
215
191
t
155
t
t
*121
112
*121
*125
112
t
119
107
t
128
106
t
Leather products
137
113
t
148
113
TanningCattle hide leathers
—
;;
•
-
:■
155
.
•
77
93
89+//'
,
t
79
/+
t
63
t
leathers
Goat and kid leathers
Construction Totals
$149,379,000 in April
191
t
212
+/& :
86
•■'/+
t
65
86
150
116
t
148
155
t
162
*123
*122
116
*123
*122
*158
157
159
*140
141
142
Wheat flour
*128
131
114
*126
132
111
Meatpacking
•144
146
202
*133
139
♦166
160
*145
148
163
155
*98
103
85
123
123
123
117
118
117
93
95
92
93
95
92
.Vi
—.
Other manufactured foods
vegetables.
Processed fruits &
T»bacco
..
products
Cigars_
+/■:
,•/
,;
_
143
136
and
other
Paper and products
Paperboard
from
94
73
138
137
in the overall total.
147
157
152
147
tively, from last month and last year.
State and municipal con¬
struction, on the other hand, is 82% higher than in March, and 10%
above the April, 1944, weekly average volume.
'
77
83
£ 77
■//./ 82
83
105
100
*106
/'+" 104
101
83
84
83
87
83
86
t
276
234
t
276
t
293
243
t
293
150
129
*146
150
t
174
163
t
126
130
t
t,
126
130
t
t
168
174
t
163
165
'+7/.v
products
Gasoline
Fuel oil
•
Lubricating oil
_"
Kerosene
>
Coke
Byproduct
•A'/'
_.
Beehive
.
,
.
174
Total U. S. Construction..
165
Private Construction
487
320 '
344
363
487
319
341
*320
*246
_
245
233
*246
245
400
405
*399
400
405
247
242
*246
247
*147
146
141
*147
146
141
Bituminous coal
*149
150
155
*149
150
155
Anthracite
*115
112
123
*115
112
123
*149
148
138
*149
148
138
112
126
/'t
70
86
69
68
76
_
petroleum
//•-:/..
Metals
t
estimated.
tData not yet available.
FREIGHT
=
139
178
Livestock
__
_
119
___
Miscellaneous
_
159
__
Merchandise. l.c.l._
67
_
{Revised.
•
139
{139
192
188
187
117
125
131
102
97
103
141
134
128
141
168
_
_
__
137
121
_
174
63
42
51
152
149
151
142
142
66
67
U4
67
124
136
«
'
68
for
the
In
convert
,
..
,
coal
and
the Federal Reserve Chart
miscellaneous
Indexes
to
points In
Book, multiply coal by .213 and
129,990^000
19,638,000
97,753,000
14,783,000
115,207,000
to
$140,379,000
44,199,000
96,180,000
21,572,000
74,608,000
and
total Index,
show#
miscellaneous by .548.
a
year
sent
except
not be
Treasury licenses. Treasury
called
attention to Gen¬
author¬
oi
relating to administra¬
proceedings in Bulgaria and
Rumania nad covering the main¬
ago.
tenance, preservation, supervision,
or
management of real estate and
tangible personal property.
No facilities
are
yet
remit¬
available as
for sending living expenses
tances to Bulgaria or Rumania.
The transmission of currency,
$11,901,000 in State
municipal bond sales, $10,157,000 in corporate security
$7,100,000 in RFC loans for industrial expansion.
issues
for
'
war
and
curities,
money
orders,
drafts, or other financial
ments
continues to be
Although
departmental
in
prohibited-
in the Urn ted
correspond with firra
Bulgaria
Rumania v/itn
and
respect to the resumption
ness
se¬
checks
instru¬
concerns
States may
'
financing total brings 1945 volume to $278,693 000
for the four months, a figure 24% below the $365,635,000
reported
for the 1944 period.
Of the 1945.volume, $180,656,000 is in private
investment, $20,900,000 is in RFC loans for industrial expansion and
construction.
may
tion
The April new
appropriations
authoriza¬
attorney
capital for construction purposes for April totals $29,158 84% below that reported for the corresponding' 1944
Federal
or
effect financial or prop¬
izes the transmission of powers
Capital
The current month's total is made up of
in
involving
eral License No. 89 which
total
is
or
.
municipal construction, $61,012,000, is 15% greater than
and
instructions
officials
25% compared with a year ago, but public construction, $362 Federal volume, $301,931,000, is 27% lower
than in 1944 and is responsible for lower public total, as State and
a
of
effect any
transac¬
Bulgaria and Rumania
under
943,000, is down 23%.
month.
behalf
erty transactions
April, 1945
(four weeks)
is up
$77,137,000
Nate—To
$182,498,000
52,508,000
property
or
on
contain
briiigs 1945 construction to $520,586,000 for the
total 12% below the $595,162,000 reported
corresponding period last year.
Private work, $157,643 000
New
185
(five weeks)
immobil¬
in these countries. Com¬
munications which constitute or
The April volume
000,
190
March, 1945
forwarded and
country remain
tions to
117,391,000
New
133
Grain
Forest products
"
i,
100)
134
—.
—
{Revised.
{139
;
Coke
Federal
CARLOADINGS
(1935-39 average
Coal
Ore
223
___
_
or
-'■:+
Municipal
$145,040,000
27,649,000
this
tions
four months of the year, a
%
_
State &
242
Minerals—
Fuels
Public Construction...
233
*399
___
(four weeks)
163
168
*246
__
Industrial chemicals
April, 1944
363
*424
*318
___
132
as
persons
engineering construction volumes for the 1944 month, last
128
customers;
such
financial
month, and the current month are:
163
132
their
tinue to be required to
Federal volume declines 19 and 24%, respec¬
t
*424
____
129
125
;'•/.
t
r
243
174
t
.
Civil
234
-:/•
may
ized under the freezing regulations
and Treasury licenses will con¬
public construction.
t
institutions
Bulgarian and Rumanian assets
in
is offset by the
91
152
be
Treasury
banks and
Accordingly,
statements may be
solicited.
the
137
ago
ex¬
may
and docu¬
birth, death and
marriage certificates, wills, com¬
mercial
reports,
and
financial
Public work is 7% under a month
and 18% below a year ago and is responsible for the decline
decrease in
without
financial
ments
and climbs 60% above the corresponding
The private gain, however,
volume.
tops
73
*146
♦Preliminary
basis,
average
154
Petroleum refining
Iron ore
month's
weekly
137
82
_.
Newsprint consumption
Petroleum and coal
Crude
1944
the
97
145
*104
Newsprint production
_
preceding month by 5%
on
137
157
Printing and publishing
Rubber
construction,
and
the
reply to requests for information
part:
t
Other tobacco products
Rayon
in
Private
facts
of
information
Rumania
license.
engineering
91
147
Cigarettes
Chemicals
added
of
a
commercial
or
limited to
are
transmitted to and from Bulgaria
construction volume in continental United
States totals $140,379,000 for the four weeks of April, an average oi:
$35,095,000 per week for the month.
The April weekly average is
4% below the average for the five weeks of .March, 1945, and 3%
under the average for the four weeks of April, 1944, as reported to
"Engineering News-Record."
This report made public on May 3
Civil
142
*179
change
187
165
Sheep and lamb leathers
Shoes
Manufactured food products
permitted
communications of
which
ascertainment
Civil Engineering
J151
*121
Rayon deliveries
Wool textiles
Hereafter
nature
308
J151
152 \
150
consumption
volume.
business, financial
151
*155 +
*153
Textiles and products
sales
in
188
307
*175
products.
177
*117
products.
Abrasive & asbestos
*121
not
are
at this time.
*
/
Gypsum and plaster
Clay products
♦Revised,
'
♦165
_
—
coun¬
Telecommunication service
Bulgaria has also been re¬
stored, 'but
telecommunications
with Rumania
119
149
'
glass
ac¬
with
Buffalo
Syracuse
with
This
of postal service with these
112
*145
commercial and
on
communications
tion coincided with the restoration
'
Furniture
Department An¬
Bulgaria and Rumania.
Mar.
132
;
Treasury
nounced Mar. 30 the relaxation of
its restrictions
1945—
124
191
*119
*105
Calf and kip
=
on
176
137
166
145
152
*147
Newark
697
•••./ *195
Lumber
Cotton
sales, 1935-39
/
York City
week during its first
a
Restrictions Relaxed
Mar.
Feb.
.
124
150
134
148
Mar.
697
and products
1,000
increased
of operation.
1945Jan.
1944
New
Center
year
OF DEPARTMENT STORE SALESt
Average monthly
.,/
t
products
6:one, clay and giass
191
♦239
;
Smelting and refining
Lumber and
238
180
*684
Transportation equipment
Nonferrous metals
225
189
570
549
:
570
236
average of 400 a week to
an
The
INDEXES
and women
from
2
'
'
Machinery
Plate
238
'
180
189
_+.
Automobiles
—
28
the
men
to
'
.
206
191
225
236
Open hearth
Electric—
/♦Revised.
agen¬
coming
3
over
Mar.
(average
214
192
/',+/
206
192
Steel
202
t
*211
214
202
*211
steel
1944
Feb.
>
1945
Iron and
+
1944
Adjusted for Seasonal
The number of
0
—11
+ 20
*139
*158
152
151
dally), unadjusted.
—
3ales (average daily), seasonally adjusted—
Stocks, unadjusted
________
Stocks, seasonally adjusted..
—
(1935-39 average = 100)
participating
District
=100)
PRODUCTION
Sales
New York War
of the personnel
Reserve
average
■
INDUSTRIAL
the
part
cies.
+ 20
+
by
with
contributed by
SALES AND STOCKS
OF DEPARTMENT STORE
INDEXES
+ ;
Fund
+12
.
direct guid¬
as
0
+ 16
+22
+32
+32
+ 32
.
well
as
financed
+ 18
+ 32
+ 27
Buffalo
~6
—15
+ 28
+44
.
public
to other community agencies
best able to help.
The Center is
17
+
joint
Man,
ance
+ 40
+ 37
Elmira
veterans
1
+
+ 23
a
War
City, and other pri¬
agencies, Mrs
Rosenberg; said.
It provides onthe-spot information and help for
—10
+ 21
+ 64
Binghamton
Niagara Falls
+
+40
—
Western New York State
$184,137,000, and all other by
dential by
-—
————-_—
—
«_.
as
the
Commission, Selective
and
vate
5
—
17
+ 20
+ 18
+ 41
+ 40
—
Southern New York State
and department store sales
carloading,
Note—Production,
averages.
Utica———;
Syracuse
+
1944,
Center-
of New York
8
—
+ 19
+ 30
—
8
—12
+ 20
State...-——+ 41
Northern New York State
tData not yet
"Preliminary.
+ 25
+ 38
Mohawk River Valley——!——
170
Department store sales, value-
+ 27
—
15'
+ 35
—
—1
Schenectady
Central New York
132
+
+ 50
——-———
341.3
329.1
t
8
+ 19
+ 47
Valley—
Lower Hudson River
Upper Hudson River Valley....—...
■
+
+ 20
Service
opened April 3,
undertaking of
8
23
Veterans'
The
1
4-
+ 26'
Counties..
un
Mayor LaGuardia. '/>+/■.
Service, Veterans' Administration
the Army, the Navy, veterans or¬
ganizations, the Welfare Council
+
20
+
+ 35
+
Westchester and Fairfield
of the Center in cooperation with
power
+ 20
+25
Poughkeepsie.—
■
Freight carloadings
provide a centralized service
homecoming veterans planare now being made for
expansion
for
1
+
+ 20
+ 24
,
—
Factory payrollsTotal
Durable
171.6
159.7
237.7
160.3
215.7
*115.8
Durable goods
—-——
—
Newark
*158.6
*212.8
v--
*87
59
96
*89
All other
Factory employment—
to
1945
Mar. 31,
1945
+ 27
Northern New Jersey
originally /established as a
demonstration project
short-term
hand
on
Jan.-Mar.
Mar.
1945
Department stores—
Total—
year
Federal Reserve
133
363
.
Rosenberg, Chairman o«
Committee*
agency began its second'
of operation.
Although ?
the
as
was
.
„
,
tn
April 6 by Mr-
on
the Center's Executive
BY MAJOR LOCALITIES MARCH, 191® •
District
///+■;
Percentage change from preceding year
/++//
VNet sales
Stocks '
Second
253
*252
Durable:———
■
Street, according
Anna M.
DEPARTMENT STORE TRADE
,
Total
•
40th
report issued
-
238
*232
241
236
March sales of
ex-service-women
East
)
The Federal Reserve
that
—
Manufactures—
Minerals
1945
1944
Mar.
*236
;
40,000 ex-servicemen
have re
ceived help during the
past ylt
at the Veterans' Service
Center
and
apparel stores in the New York Reserve District reported
a 32% gain in the net sales in March.
Their stocks on hand at the
close of the month were 2% lower than the same month in 1944.
/;
The following is the bank's tabulation:
Without Seasonal
Variation
Industrial production—
Bank of New York announced on April 20
department stores in the SeconJitfn(N^pY_0nr^)
Federal Reserve District increased 27% over a year ago.
The com
bined sales for January to March, 1945, were also up 20% from
the same period the previous year.
Stocks of merchandise on hand
in department stores at the end of March, 1945, were 1%
over
Veterans' Service
Aids
More than
The
Seasonal
Adjusted for
Department Store Sales in New York Federal
Reserve District in March 27% Above Year Ago
those of last year.
series
for all other
100
average =
t
-
employment and payrolls;
construction contracts;
'//K/?//'"+>/■'
factory
for
100
average =
,
Monday, June 4, 1945
CHRONICLE
FINANCIAL
COMMERCIAL &
THE
2492
relationships,
transactions
will
of bus-
private tra
not
be
arrangements for the r
sumption of private trade ha
until
been made.
-
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4391
Volume 161
State and
2493
City Department
BOND PROPOSALS AND NEGOTIATIONS
ARKANSAS
$1,000 each,
each,
Memphis, Ark.
West
Planned
Bond Issuance
The
—
making preparations .to is¬
city is
5300,000 sewer system bonds.
sue
CALIFORNIA
Made—Earl
Award
Executive
Chapman,
W.
Secretary,
Employees' Retirement bystem, reports that bids were ac¬
cepted on only $367,000 of the
$1,526,000 various municipals ofiered for sale on May 29. Awards
State
follows:
as
were
Bridge
Toll
(San
FranciscoToll Bridge)
Authority
Bay
Oakland
1%%% sinking fund revenue
bonds
purchased
by
composed
were
syndicate
a
of
Trust
American
San
Co.,
Francisco, Blyth & Co., First
Boston Corp., Weeden & Co.,
R. H. Moulton & Co., Heller,
^
Co., and Merrill
Lynch,
Pierce,
Fenner
&
Beane, at 104.30. Bonds ma¬
&
Bruce
ture
50,000 Port of New York Author¬
ity 3% bonds sold to the Bank
of America National Trust &
Savings Association, of San
Francisco, at 104.292.
These
bonds
mature Dec.
1, 1975,
but
called
are
Dec.
on
July 2, 1947, is¬
"Refunding Assesment Bond Act of 1935", are
called for payment on July 2, on
payment
for
Au¬
Dec.
Francisco, on
bid of 111.70. Interest J-D.
•
a
San
following
Bonds Not Sold-—The
which
bonds
the
are
sold:
Municipal
Bay
East
Utility District, Calif., 5s,
85,000 Marin Municipal Water
District, Calif., 5s, due Jan.
The
Interest J-J.
headed by the
syndicate
San Fran¬
American Trust Co., of
for
tion
series
the
for
$50,000
of
the
of $400,-
000 Water Company
improvement bonds was favor¬
voted at the election held
recently.
Angeles County School Dis¬
(P.O. Los Angeles), Cal.
Bonds
Voted—At the May
18
Los
tricts
bonds
following
the
amounting
to
$2,646,000
favorably voted.
were
000
school
district
District
School
Bassett
Union
High School District bonds.
250,000 Hawthorne School Disbonds.
trict
115,000 Jefferson School
District
scribed
La
Verne
City
bonds.
School
v
defeated—At
the
District
same
time, the following bonds amount¬
ing to $940,000, failed to carry:
$25,000 Carmenita School District
bonds.
*
'
915,000 Comptori Union Second¬
ary and Junior
College dis¬
trict
City Elemen¬
tary School District.
200,000 Riverside Junior College
Riverside
District.
Riverside
800,000
High
City
School District.
San
tion
will
held
be
in
vote the issuance of
and
general
Fall
the
to
city hall, park
poration yard, and storm drainage
system bonds.
Gate
Bond Call
Louise Workman,
—
City Treasurer, calls for payment
July 2, at par and accrued
interest, the District's refunding
bonds, Nos. 359 to 373, and their
respective and appurtenant cou¬
on
pons.
dated June
are
Bond Call—A. H.
has
Clerk,
New
Note
Sale
The
—
announced
1
to
offered
awarded
at
These
a
notes
due
$1,000.
with
bonds
all
for
payment
16, the House Bill
ized—On
May
No.
authorizing
365,
Author¬
Issuance
Commissioners
the
County
issue
to
cou-
to principal
as
on
to
28A1„
52A1
to
58A1
59A1
to
60A1_._.
Interest
bonds.
of
rate
Increasing
State
standard
oack,
was
signed May 21
by
Governor Millard Caldwell.
The
added tax, scheduled to go into
effect July 1, is expected to yield
$2,000,000 annually.
The money
will go into the State's general
terest
fund.
Fort
'
Lauderdale, Fla.
Bond Sale—The
$1,000,000 water
Angeles County Acquisition
Improvement Districts Nos.
136 and 137 (P.O. Los
and
for sale on May
—were
bonds offered
28—v. 161, p. 2155
awarded
to
a
Syndicate
the
Equitable
Stranahan, Har¬
ris & Co.. Inc., of Toledo, and the
Bond
Call—H.
L.
By ram.
County Treasurer, has announced Clyde C. Pierce Corp. of Jackson¬
that the above Districts' refund¬ ville. as 2s. These bonds are due
ing bonds Nos. 155 to 163, for serially over a period of 25 years.
Angeles), Cal.
composed
of
Securities Corp.,
the
voters
the
at
ceases
Board
Warrant
of
Education,
Call—J.
III.
B.
Education
1542
to
Fund,
1944, Nos. Edated June 15,
E-1938,
Vero
July 14, 1944.
Building Fund, 1944,
Beach, Fla.
to
B-2928,
dated
Nos.
Feb.
B10,
Free Text Book Fund, 1944, Nos.
Co.,
Trust
Interest
City.
attached, at the
coupons
Guaranty
New
ceases
York
date
on
called.
Ada
T-381
to
Bonds
1
dated
Feb.
10.
Holders of these warrants
to
were
Illinois
Reduced
Debt
District's
defeated.
were
disclosed
ment
Bond
Election
at
on
be
of
acquisition
submitted
election
the
issue
An
system
water
will
—
to
to
the
be held
June 20.
ILLINOIS
Illinois
Requested—On May 8,
County Board of Supervisors
requested
call
to
the
for
a
purpose
special
of sub¬
mitting to the voters a proposal to
issue bonds for the construction
equipment of a County hos¬
and
pital.
March
B.
$69,378,759.
statement
showed that the March 31 figure
compared with a total debt of
$127,138,306 on May 1, 1934, when
the
various park
districts were
consolidated, a reduction of $57,-
trict
$297,000 Judgment bonds.
Dated
Dec.
1, 1936.
Denomination
Callable Jan.
$1,000.
interest
any
date
1,
1945,
there¬
274,000 Refunding bonds.
Dated
Jan.
1, 1937.
Denomination
$1,000.
any
funds, the net
March 31 .was
funds from sinking
debt
funded
on
$59,883,000, a reduction of $6,636,964 from the $66,519,964 total last
in the like period.
counts
Calalble Jan. 1, 1945,
interest date there¬
including ac¬
payable, salaries and con¬
obligations,
showed
a
increase of $230,655 from
of $2,175,785 to $2,406,440.
total
This
by
increase
an
amounting
while accounts
Upham.
anticipation
warrants, to be paid on presenta¬
tion through any bank to the City
1944,
or
New
the
lax
$7,089,318,
to
total
from $5,495,542
increased
thereon
called
the
County
will
be
Treasurer.
for payment on
Continental
July 1.
Illinois
tional Bank & Trust Co.,
Na¬
Chicago.
McLeansboro, III.
Bond
Sale
electric
The
—
light
$15,000
refunding
3%
revenue
bonds offered
for
sale
recently
were awarded to Barcus, Kindred
& Co., of Chicago. Dated May 1,
1945.
Legality approved
&
Trauernicht, of
by
St.
Charles
Louis,
'
,
/•
Bonds maturing in 1951 are
subject to redemption on Dec. 1,
1946, or on any interest payment
Morrisonville, III.
Ordinance
increase
Victor
Schlaeger,
County Treasurer, has
4%
announced
series A.
bonds, No.
Bond
Call
the
—
County's
IOWA
Bond
for
$1,000
that
Sale—The $100,000
build¬
ing bonds offered for sale on May
awarded
to
Halsey, Stuart & Co., as Is,
These bonds are due on
1, as follows: $5,000 in 1946
1963, and $10,000 in 1964. Other
at
par.
Dec.
to
bidders
the
were
National
Bank,
Waterloo, and Hudson State Bank,
Hudson, jointly
for
IV4S, at a
price of 102.475.
Lenox, la.
Bonds Sold—An issue of $10,0
funding bonds was recently pur¬
chased
by
the
First
National
Bank, of Lenox,
of
Hi, at
as
a
price
101.25.
Reinbeck, Iowa
Election—City Clerk
Bond
W.
J.
Hepperle reports that an elec¬
tion
will
be
vote
on
the
held
June
on
of
issuance
11
to
$15,0*70
community building bonds.
Thurman Consolidated School
District, la.
Defeated—An
ment bonds
election
issue
and
gymnasium
$30,000
of
equip¬
failed to carry at tne
held
May
on
14.
Vinton, Iowa
Bond
Election—The issuance of
memorial
building and
equipment bonds will be submitted
to the voters at an election sched¬
$70,000
uled
City
for
June
Clerk
L.
12,
L.
according
to
Berry.
KENTUCKY
Crittenden County
(P.O. Marion ),
Kentucky
Bond
thei following County's issue
'■*
28—v. 161, p. 2382—were
cago.
Warrant Call—Victor Schlaeger,
School
District, la.
for $500, and
payment on July 1, at the
American National Bank of Chi¬
ord¬
an
Consolidated
Hudson
Nos. 25110 to
each, are called
35735
V
An
—
issue of $18.000 water revenue improvement
bonds has been passed by the Vil¬
lage Council.
March 31, or a
of $1,593,776.
III.
Passed
calling for
nance
on
Guaranty Trust j County Treasurer, has announced
York.
at
Bonds
anticipation warrants out¬
standing
and
accrued
interest
77022
B.
and
Bond Call—Bonds Nos. 89 to 102
are
payable registered
issue of 1936 refunding
Call—R.
available
to
or
DuPoge County School District Ac.
78 (P. O. Naperville), III.
increase of $22,451.
City Comptroller, called for pay¬
Tor
ment on May 28, the following
of
$318,957.
to
indebtedness,
however,
a
reduction of $101,840,
showed
that
Co.
largely
increase in contractual ob¬
Other
an
caused
was
Cook County,
Warrant
is
presentation through any
on
tractual
York City.
Treasurer
to
taking into consideration accrued
interest on the funded debt, and
Principal and interest payable
at the City Treasurer's office, or
at the Guaranty Trust Co., New
of
amounted
31
$66,112,700, against $71,504,700 for
the same period last year. After
after.
issue
dis¬
Tax
after.
or
March
on
the
of
debt
funded
Gross
ligations
terest.
paid
The
The floating debt,
Upham, City
Comptroller, has announced that
available, he has se¬
by lot and calls for pay¬
ment
on
July 1, the following
3% bonds, at par and accrued in¬
or
31, from a total of $74,191the last March 31 figure
of
year
Call—R.
by $4,812,532 in the
period ending
month
to
Chicago, III.
Bond
-
759,547.
County (P.O. Greenville),
election
reduced
was
292
Lapwai, Ida.
above
June 2.
on
date thereafter.
debt
state¬
recently that the
twelve
May 22,
the
on
Year—The
111
mitted to the voters at the election
on
accrual
Money for the paymant of said
quarterly
totai debt structure of the district
held
Interest
warrants will terminate
1951.
thereof.
has
announced
that
the
$1,535,000 construction bonds sub¬
tion,
denomination).
present
School
(P.O. Boise), Ida.
Defeated—Clyde F. Pot¬
Highway, Nos. 19 to 22 ($50,000
denomination).
Highway, Nos. 23 to 28 ($25,000
Morrison, III.
them to the
Bond Sale Details—The $18,000
Beard of Education, City of Chi¬
street lighting bonds awarded to
cago,
Room 352, 288 North La
Salle St., on or before May 24, the White-Phillips Co., of Chicago,
as
in order that same might be veri¬
l%s, v. 161, p. 1253-were sold
fied and interest computed so that at par.
Dated May 1, 1945. De¬
nomination
cash warrants drawn on the City
$1,000.
These bonds
Treasury may be issued in pay¬ are due $3,000 on Dec. 1, 1946 to
required
Chicago Park Dist. (P.O. Chicago),
Independent
County
T-441,
1944.
ment
IDAHO
denomination),
and
Playground Fund, 1944, Nos. PFeb. 10, 1944.
.Bond Call—A. C. MacConnell,
City Clerk, has announced that
the
City's
various
refunding
bonds, series A, B, C, CC and
CCC, are called for payment on
July 1, at par and accrued inter¬
est, evidenced by coupons due on
that date, with all subsequent un¬
Corporate, Nos, 52 to 56 ($100,denomination).
Corporate, Nos. 57 to 76 ($50 000 denomination).
Corporate, Nos. 77 to 86 ($25,000 denomination).
Corporate, Nos. 87 to 136 ($5,0(H)
McCahey,
tion, called for payment on May
25, the following City's tax an¬
ticipation warrants:
called
are
000
bank
President of the Board of Educa¬
date called.
on
1944. tax warrants
for payment:
May 8, failed to
on
197 to P-228, dated
three to four cents for a
revenue
to
—
1944.
levy from
the
1
called.
The $500,000
construction bonds
held
Chicago
a
Florida,
50,000 each
; of
warrants
slight
in
%
lV+T
date
on
Defeated
submitted
lected
cigarettes
1
Relief
50.000 each
highway
funds being
(State of)
50,00 each
ceased
Bonds
2%
County hospital purposes, became
law without the Governor's sig¬
Florida
Sanitarium
Clinton County (P.O. Carlyle), III.
a
Cigarette Tax Bill Approved—
An administration bill providing
for an additional one-cent tax on
VW.i
Tuberculosis
25A1
City
time
warrants, revenue certificates or
bonds amounting to $280,000, for
1
50,000 each
22
Municipal
or
called, at the National
Bank, New York City. In¬
was
Panama City),
50.000
and
after date
the
Florida
Library
13A1
2509
Election
(P.O.
unmatured
ponds attached, may be presented
on
FLORIDA
County
1.
1, 1936. Denomination
Due Aug. 1, 1966.
Said
Bond
Sept. 19, 1945.
Public
the
Dated Aug.
voters
$300,000 tax
on May 22
discount of
are
that
called for payment on Aug.
are
for sale
notes
Seibert, Town
3%, refunding bonds Nos.
399, amounting to $399,000,
bonds
London, Conn.
345A Va
election
Town's
$14,000
CONNECTICUT
Bay
refunding
ter, Clerk of the Board of Educa¬
Cal.
provement District No. 4,
1 '/a '/r
to
1 Va
carry.
Im¬
and
25,000 each
341A14
Poor
•
District No.
Acquisition
l>/8%
340A>4
Perry. Fla.
playground, fire station, cor¬
South
The bonds
1,1944.
matured
Jose, Cal.
Bond Election Planed—An elec¬
and sewer revenue
Los
fa¬
follows:
as
$500,000
the
bonds.
Issues
was
District
School
2,075,000 Centinela Valley
80,000
bonds
vorably voted at the election held
on
May 15. These bonds are de¬
50,000 each
to
Due June
these bonds
All
$100,000 each
326A
21
Rate
325A1—
follows:
as
3%
Denomination
to
nature.
Artesia
bonds.
*
Savings Associa¬
Crummer Co., of
price of 102.00, a net
1, 1952.
32,000 3y2% general refunding
bonds. Due June 1, as follows:
$14,000 in
1954,
$15,000
in
1955, and $3,000 in 1956.
America
County School District
(P.O. Riverside), Cal.
Bonds Voted—A total of $1,500,-
Debenture
26.000
Bank of
Riverside
purchase and
ably
$9,000
on
Corporate
Nos.
319A1
were
—
the
a
described
are
sale
for
2381
p.
interest cost of 3.22%.
were
Francisco, at a price
100.041, a net interest cost of
1.477%, as follows:
For $75,000,
maturing $25,000 on June 15, 1961
to 1963, as 114s, and $475,000 ma¬
turing $25,000 on June 15, 1964 to
1983, as.ltyfes. Dated June 19, 1945.
Legality
approved
by
Orrick,
Dahlquist, Neff, Brown & Herrington, of San Francisco. Int. J-D.
0.42%.
Hollister, Cal.
$100,000
15
161,
San
of
were
$185,000.
Bonds Voted—An issue
election
par
to
Orlando, at
of
offering
bonds,
Authority
104.213
and 111 for the
at
awarded
offered
v.
—
bonds.
May
on
National Trust &
was second high bidder for
two blocks of Port of New
York
redeemed
sale
to
cisco^
the
be
interest to date called at the
fered
due
serially on Jan. 1 from 1960
to 1977 incl.
Interest J-J.
1, 1965.
will
The
ceases.
'
,
$1,074,000
not
were
interest
bonds
1944
May 26
Bond Sale—The $575,000 series
B, issue of 1944, water bonds of¬
tional Trust & Savings Asso¬
of
County (P.O. Okee¬
chobee), Fla.
Bond Sale—The $41,000 issue of
Napa, Cal.
■15, 1976, also were purchased
by the Bank of America Na¬
ciation
date
City Treasurer's office.
1, 1945. Interest J-D.
185,000 Port of New York
thority 3% bonds, due
on
the
under
bonds
and
Okeechobee
$140.02, all series No.
maturing
sued
Interest
1962.
1,
Sept.
164 to 168, for $500
175, for $100 each,
to
awarded
California
$132,000"
8,
169
176 for
which
California (State of)
Partial
and
Sale—The
$30,000
2»4%
bridge refunding bonds
offered for sale on May 16-v. 161,
road and
p.
2046-were awarded to Charles
.
in multiples of
,v.
tempo¬
rary notes offered for sale on May
31 were awarded at a discount of
Sale—The $200,000
Note
%,
0.34
$2,336,020 Series B,
with an average rate of 3%. The
Series A were payable in units
Series A and
$45,000 of the
first maturities of said bonds, but
shall have the option to deliver
not more than
and
(P.O. Paintsville),
Kentucky
of
amount
additional
any
said
—
County Clerk, will
eral
taxation
delivery
their
valorem or
the date of
ad
Kentucky
or
income
on
the
to
successful
-
purchaser and to the final ap¬
proving legal opinion of Skaggs,
Hays' & Fahey, of Louisville. The
County'Will furnish said opinion
and
printed
bond forms.
Bids
must' be made on forms which
secured at the office of
County
Clerk.
Enclose
a
be
may
t.hh
check
certified
for $1,000.
L. Knuckles,
BohdS Called—W.
J *,. State Local Finance Officer,
1
i
announced that the County's
roadJ and
5%
refunding
bridge
bciids NoS. 56 to 70, are called for
p ayment on July 1,
at the Na¬
tional
City Bank,
New
York,
T'mse
bonds
are
dated July
1,
lftfl.
thereof.
1.
payable at
1942,
(
Paintsville.
National Bank,
to, rst ceases on all
bdr-d$. July 1, 1945.
v.;:y
y
the
In¬
above
yvyY7,'',7 )}•*"]
Kentucky (State of)
has
wry s,
that .vari-
announced
1%, 1V4% and 1%%, revenue
bridge bonds amounting to $190,-
ou"
000,
are
called
for
payment
on
July 1. Ay
Lawrenceburg, Ky.
Pond Offering
Gfmk,
City
—
William
Clerk,
will
receive
sealed bids until 8.30 p.m.
on
June
$60,000
4
for
sewer
exceeding
the
Mc-
(CWT)
purchase
of
bonds, not
interest.
Dated
revenue
2V?.%
has been appointed New
paying agent for New Or¬
leans Public Belt Railroad, New
Issue of $560,000, dated March 1,
Vermilion
Parish,
municipal bonds—v. 161, p. 2383—
bids were accepted on Only $29,-
Drain
No. 2
improvement bonds offered for
sale on May 22, were awarded to
$2,000 in 1948 to 1952. and $3,000
in 1953 to 1965. Legality approved
prior redemption in whole or in
part at the option of the City on
any
interest due date upon 30
(P.O. Blanchard), La.
Election Postponed—The
election scheduled for June 5, to
the voters an issue of
$175,000 construction bonds, has
been postponed until sometime in
the future, due to the fact that
the calling
of the election was
based on the February tax valu¬
which
Bidders
rendered
was
in
Offered—Willard
of
Dres-
Directors, received sealed
8 P.M. on June 1 for
bids
until
the
purchase of $5,000 school bonds.
of
Erath, for
of
date is
and
same
on
if
2%
or
thereafter
Bond
Sale—The $134,000
need
except
be
paid.
1955,
to
that
Rate
the
no
of
100.064
$49,-
Co.,
&
Wood
Bruce
$463,000 State of California, San
Francisco Harbor Irnpt. Act of
1913, 4%
rhio
100.022
V;-r *
"
•
'
•
•/
and
,
First Boston Corp., Harris Trust
| & Savings Bank, Chicago, R. W.
$100,000 street
Pressprich & Co., Phelps, Fenn
bonds offered for sale
sewer
of
Portland, Ore., Eastman, Dillon
&
May 28—v. 161, p. 2383—were
0:1
Exnicios & Co.
awarded to Ferris,
Dated
are
street
bidders
were
awarded
the
to
Equitable
1964.
price of 100.109. Other
as
follows:
6.000
Kingsbury
& Alvis, of New Orleans, jointly,
at
par,
a
net interest cost of
2.489%, as follows: For $16,000
maturing on June 1, $5,000 in 1946
and 1947, $6,000 in 1948, as 2s, and
$118,000 maturing on June 1, $6,000 in 1949 to 1956, .$7,000 in 1957
to 1960, $8,000 in 1961 to 1963, and
$9,000 in 1964, and 1965, as 2V,>s.
Securities
and
Corp.,
& Sons,
Brown
Fenn\&
Co.,
in
for
Additional
Sale
—
The
down
from
year.
the
awarded
to
National
Bank
Memphis,
are
due
as
on
Union
&
1.70s.
June
Trust
.
Co.,
and $1,500 in 1961 to 1965.
Certificates
Being Reduced—With a drawing
scheduled for July 1, the city will
Refunding
Paving
;
I
7
7
County (P.O. Taunton),
Massachusetts
Sale—The
Note
porary
notes
May 29
—
awarded
v.
to
mut Bank of
of
0.32%.
the
$250,000
National
Boston, at
Dated
due
on
and
tem¬
a
May
$25,000,
Shaw-
discount
31,
1945.
$10,000
000
sewer, due 1971; $80,Hutchinson Valley sani¬
Brook
sanitary
sewer
due 1972; $80,000 Hutchinson
Valley
sanitary sewer,
du*
1973;
$10,000
Blind
Brook
sanitary sewer, du$ 1974; $43,000
Hutchinson
Valley sani¬
tary sewer, due 1975; $20,000
Blind Brook sanitary
sewer,
due in 1975 and
1976; $245,000
Valley sanitary
due $140,000 in 1976
on
sewer,
the
due June
1, 1971.
5,000 Westchester County, N. Y.,
5% Bronx Parkway bonds, at
153.07.
Dated June
1, 1921
and
June
due
1968.
1,
25,000 Westchester County, N. Y.,
414% Saw Mill River Valley
sanitary
bonds, at
sewer
1
;
and due June
the
To
Bankers
1934
April 2,
Dated
127.09.
1, 1955.
New
Co.,
Trust
York:
$500,000 Commonwealth of Pennsylvania series I 3 V4 % bonds,
at
120.971. ; Dated March 1,
7- 1934 and due on March 1 as
First
National
Bank, of Attleboro, at 0.348%.
i
$175,000, 1953; $250,-
follows:
1955.
000, 1954, and $75,000 in
90,000 City of Providence, State
of Rhode Island and Planta-
tions, water supply loan 4%
bonds, at 137.792. Dated July
1, 1925 and due
To
July 1, 1965.
Corp.,
Boston
First
the
Baltimore,
$220,000
i
148.179.
new
loan
registered
stock, at
Dated March 20, 1905
due
and
f; Md,
improvement
sewerage
arid
jointly:
Alex. Brown & Sons,
Oct.
*
1980.
1,
Chase Na¬
To Bankers Trust Co,
City
tional Bank, National
Bank,
(j J. P. Morgan & Co, Inc., HarriRipley & Co, Inc.,
North-
National
Blyth &
Bank <»
Portland, Ore, R. W.
Pressprich
Trust Co., Chicago,
ern
?
Co,
i
i
First
j & Co, Goldman, Sachs & Co,
Kidder, Peabody & Co, Alex.
•
Brown
&
Sons,
Braun,
Bos-
Watts
&
Co, Mercantile Trust Co.,
Baltimore, and Stein Bros. &
worth
!
&
Co, Inc., Baker,
improvement loan
at 138.639.
Dated
April 5, 1911 and due Sept.. 1,
sewerage
sanitary
Mamaroneck
$5,000. These notes are due
Nov. 14, 1945. The next highest
was
Dated June 1, 1915
148.48.
sanitary sewer, due 7i Boyce: ;
7%.
: Jyy 7 ;7''
$20,000 in 1964 and $80,000 in
$335,000 % Baltimore,
Md, * »eW
1971; $10,000 Blind
Brook
1
and
bidder
due in 1974.
sewer,
,
20,000 Westchester County, N. Y.,
41/2% Bronx Parkway bonds,
Valley
Blind
77
offered for sale on
161, p. 2383 — were
Denominations
La.
1
1930,
1,
tary sewer, due 1972; $10,000
Bristol
of
$500 in 1946 to 1950, $1,000 in 1951
.
7-
MASSACHUSETTS
Planters
These bonds
1, as follows:
New Orleans,
latest fiscal
June
tered), due $.90,000 in 1963 and
1964;
$100,000
Hutchinson
was
of the
000 Mamaroneck Valley sani¬
tary sewer, due 1973, and $20,000 Saw Mill Valley sanitary
man
consisting
of:
$50,000 hospital, due June 1,
1951;
$180,000
Mamaroneck
Valley sanitary sewer (regis¬
The bonded
$25,758,000,
$29,468,000 on June
1944, end
30,
1952.
June
The
on
ler J. Millard Tawes.
at
dated
—
$28,511,875 last year, according to
the monthly report of Comptrol¬
$20,000
district No. 1 bonds also
sale on May 28, were
Larger
April 30, 1945,
amounted to $34,980,202, up from
indebtedness
j.
(water
828,000 Westchester County, N.
Y., 4% bonds, at 137.891. All
Maryland (State of)
surplus
sanitary sewer, due 1947; $25,-
3 V2 %
supply) 4V4%
price of 115.476.
Dated June 1, 1922 and due
$5,000 June 1, 1950 and $1,000
101.44
Surplus
Yonkers
South
000
v
*
bonds,
and
Kidder, Peabody & Co.,
for ls___
100.079
cash
sewer,
due
1947;
$10,000 Mamaroneck Valley
sanitary sewer, due 1947; $7,~
Detroit, Mich., public util¬
ity
Price Bid
Bidder
Cash
sanitary
and
bonds, at price of 152.61. Dated
Jan. 1, 1914 and due Jan. 1,
1958.
1955 to
in
were
Pheips,
lYis
Corp.,
bidder was the Harris.
Savings Bank, Chicago
for Is, at a
Alex.
Stevenson & Co.,
Michigan
The
These bonds
in 1953, and 1954,
$1,000.
due $10,000
&
$3,000 Saw Mill River Valley
Bank
$4,000,000 State of New York,
t.
Erie, Oswego and Champlain
Canal
improvement 4V2%
nomination
All
I
Field, Richards & Co., jointly:
1945. De¬
15,
May
132.115.
at
.
•
of
First
price of 100.91, a basis of about
0.91%.
First National
Co.,
5 & Co., Bacon,
Is, at a
Washington, D. C, as
of
bonds,
1
To Guaranty Trust Co., New York,
--
•
Cumberland, Md.
Sale—The
Bond
1962;
1974,
1, 1943, maturing
on
June 1 arid consisting of:
$5,000 Upper Bronx Valley
sanitary sewer, due in 1947;
T"ly 2, 1989, and optional
in 1955„
follows*
dated June
bonds,
Dated
130.26.
$43,000, 2V2S, and $6,000,
at price of
July 2, 1915,
1930 and
as
70,000 Westchester County, N. Y,
&
jointly:
for
2Y4S
and water works
bonds offered for sale on May 28
redemption
according
provisions
premium
the
before July 1,
.
2V4s,____________ 100.051
000,
Co., and Merrill,
Lynch, Pierce, Fenner & Beane,
oublic buildings
Interest J-D.
mium
Y:,
&
Hel¬
Co., R. II. Moulton & Co.,
ler,
Price Bid
,
Trust
Weeden
1,
1
1948; $100,000,
$65,000, 1973; $45,000,
and $10,000 in 1975.
and
Francisco,
San
June
June
on
$25,000,
at
Co., American
Blyth &
Co.,
Jointly,
Kaplan, La.
to 1960,
pre¬
To
as
were
000, 2V4s, and $12,000, 2s
Bank
Trust
(P.O. Decorah), La.
Bonds
due
rejected:
were
next highest
Township School Corp.
Canoe
days' notice at the face amount
a
New Or¬
7
and $30,000
plus accrued
interest plus
ers
follows:
offered for
All bonds being subject to
which the tend¬
were rejected, were $19,408,obligations of the City of New
908,000 bonds for
Equitable Securities Corp., 000
In the following we give
and Kingsbury & Alvis of New York.
Orleans, jointly, as 2s, at a price the details of the bonds that were
of 100.104, a net interest cost of sold, following which is descrip¬
1.991%.
These
bonds are
due tion of the bonds for which bids
Bond
sewerage
19(70.
in the $22,-
Included
Treasurer.
the
.
Due July
1, as follows: $2,000 in
1960, and $3,000 in 1961 to
$49,000 public
Sale—The
Bond
and
,
dated
All
Sub-Drain
District,
MARYLAND
to
1975.
District 471,000, according to a report by
(P.O. Erath), La.
Robert:
D.
Patterson,
Assistant
Gregg
1926
1,
1
245^000 Westchester County,'N. Y.,
4t4%; park bonds, at 137.774'
and
various state
of
Prairie
on
4!4%
1945.
June
June
as follows*
$50,000, 1946; $100,000, 1956:
$50,000, 1973, and $160,000 in
due
Offering—Although the company
offered for sale on May 29 a total
$52,379,000
dated
AH
; 1
Portfolio
of
Award
Partial
LOUISIANA
submit
7 4y4% park bonds at 136.447.'
Co., Boston, Mass.
ance
York
Smith
July 1, 1945. Denomination $1,000.
1946 to
360,000 Westchester County, N. Y.
'
Mutual Life Insur¬
Hancock
John
York,
1, on which date interest ceases,
at,
the
Continental-Illinois
Na¬
tional Bank & Trust Co., Chicago.
Y'
7 ^idge Revenue Bonds — J. S.
W/tklns, Commissioner of High-
Co., of New
Trust
Manufacturers
Second selhaus, Secretary of the Board
the
-
'
.
Boston.
Appointed—The
Agent
Paying
error.
on
-
Seharff & Jones, for $37,-
July 1, at par,
plhs a premium of 4%, all outst'rding 3%% Johnson County
scl ool building bonds, dated Jan.
payment
■
Note Offering—Sealed bids will
series B, refunding,
be received by Philip V. Erard,
certificates of 1939, Acting County Treasurer, until
amounting to $217,000, drawn by noon on June 13, for the purchase
lot, are called for payment, at par of $30,000 notes.
Denominations
and accrued interest, on July 1, on
$5,000 and $10,000. Dated June
which date interest ceases. Dated
13
1945.
Due on April 1
1946.
July 1, 1939. Denomination $1,000. Said notes will be authenticated
Due Jan. 1, 1951. Said certificates
as
to genuineness by the First
should be presented for payment, National Bank of Boston, under
with all unmatured coupons at¬ advice of Ropes, Gray, Best, Cooltached, at any of the places of idge .& Rugg of* Boston. Payable
payment designated on the face at the First National Bank of
announced that the County's 4%
road and bridge refunding bonds,
Nos. 179 to 181, dated Jan. 1, 1940,
are called for redemption on July
ation,
for
.
paving
by B.< A. Campbell, of
leans.
Other
bidders
County Judge, calls
AY. J. Ward,
•
2%%
bered
$15 000
15,000 Westchester County, N. Y
4%
park
bonds, .at
134.7(j'
Dated June 1, 1927, and due
$10,000 June 1, 1963, and $5
000 in 1976.
:
" •
(P. O: Spring¬
field), Mass.
follows:
as
1971; $200,W
1972; 7$10,000, v 1973;
$7,OOo'
1977.
.
'
Y
.
_
0.353%
Cave, Hampden County
Certificate Call—Jesse S.
Caddo Parish School District No. 7
Kentucky
Deposit
& Trust Co.
Commissioner of Public Finance,
has announced that various num¬
Whitley County (P.O. Williams¬
burg), Kentucky
»
Bond Call—W. L. Knuckles, Jr.,
State Local Finance Officer has
Paintsville),
Johnson County (P.O.
Safe
Gloucester
June 1
on
1969;- $50,000,
0.347%
National Bank
Gloucester
:
•
°*?54!5
Rollins & Sons
H.
E.
$150,000, commencing in 1940
through 1948 and the Series B
were to be paid off by 1950.
Westchester County, N
Y., 4% park bonds, at 139I362"
Dated June .1, 1928 and due
282,000
Discount
Bidders
of
Lonza Reed, bonds between $45,000 and $60,000
receive sealed delivery in eny event to bo made
bids until 11 A.M. (EWT) on June in the order of their maturities.
a
for
the
purchase
of $35,000 Said bonds are to be sold subject
L%% school building revenue re¬ to the principal of and the inter¬
est on said bonds not being sub¬
funding bonds.
Dated July 1, 1945.
Denomin¬ ject to Federal or Kentucky ad
ations $1,000 and $500. Due Jan. valorem or
income taxation on
1, ,as follows: $1,500 in 1946, $2,000 the date of their delivery to the
in 1947, $1,500 in 1948, $2,000 in successful purchaser, ana to the
1049, $3,000 in 1950, $4,000 in 1951 final approving opinion of Skaggs,
and 1952, $3,000 in 1953 and 1954, Hays & Fahey, of Louisville, be¬
$.j,5O0 in 1955, $3,000 in 1956 and ing given as to the legality of
1957, and $1,500 in 1958. Subject said bonds. The City will furnish
to prior redemption only
in in¬ said opinion and printed bond
verse numerical order on any in¬
forms.
Bids must be made on
terest
due date upon 30 days' forms which may be secured at
published notice at the face value, the office of the City Clerk. En¬
1 lus accrued interest, plus a pre¬
close a certified check for $1,000.
mium equal to 4%
of the face
Bond
Call —William McGurk,
value, if the stated date of re¬
City Clerk, calls for payment on
demption is on or before Jan. 1,
July 1, at par plus 2% premium,
1950, and on the same terms all
outstanding 3% sewer revenue
thereafter,
with
the exception
bonds, dated July 1, 1939, and
tnat the premium shall be 3% if
payable at the City Treasurer's
Jibe stated date of redemption is office.
oh1 or before Jan. 1, 1955, and 2%
if'the stated date of redemption
Livingston County (PJOi Smith'
is ' thereafter,
principal and in¬
land), Kentucky
terest payable at the Second Na¬
Bond Call—W. L. Knuckles, Jr.,
tional
Bank,
Paintsville.
Said State Local Finance Officer, has
bonds will be sold to the highest announced
that
the
County's
and
best
bidder
at
not
less 4% % road and bridge refunding
t tan 104, provided, however, the
bonds Nos. 1 and 2, are called for
County reserves the right to re¬ payment on July 1.
Dated Jan.
ject any or all bids. Said bonds 1, 1944.
Payable at the Central
i re
to
be sold
subject to the Hanover Bank & Trust Co., New
principal of and interest on said York City. Interest ceases on date
bends not being subject to Fed¬ called.
JBond Offering
and $20,000 Hutchinson
Valley sanitary sewer. 7
sewer
$100,000 to Cape
P. Burns,
104.34.
Johnson County
,
follows:
as
Ann National
city attorney.
Bank, Gloucester, and $100,000 to
ever, the City reserves the right
The city refunded $3,686,020 of National Shawmut Bank, Boslon.
and accrued interest.
The next to reject any or all bids. If any
outstanding certificates in
1939 Dated May 31, 1945 and due Feb.
bid is accepted, the City shall be
highest bidder was the Bankers
with
the issuance
of $1,350,000
15, 19146. Other bidders were:
Bond Co., of Louisville, at a price required to deliver not less than
of
25,000 Westchester County N Y
3%% bonds, at 141.01.' Dated
Y;; June 1, 1931, due June 1, 1979
and consisting of $5,000
Ma'
maroneck Valley sanitary
Mass.
Gloucester,
to $450,000,
have reduced
V\
Monday, June 4, 1945
CHRONICLE
its out¬
of 1%. Principal and interest pay¬ standing Series A refunding pav¬
able at the City Treasurer's of¬ ing certificates, from an original
fice.
Said bonds will be sold to total of $7,854,080 of 41/2% notes
issued in 1936 and due 1951, it
the highest
and best bidder at
was reported yesterday by Francis
not less than 103, provided, how¬
be
interest to
Cincinnati,
at a price of 104,649, a basis of
about 2.38%. Dated June 1, 1945.
Denomination $1,000. These bonds
are due on June 1, 1975, optional
on
June 1, 1960, or any interest
payment date thereafter, at par
of
Co.,
&
Hinsch
A.
FINANCIAL
COMMERCIAL &
THE
2494
$100,000 in 1977 and $5,000 in
"
!
4%
stock,
1961.
;
To Smith, Barney &
;
Co,
Goldman,
Co, Blair & Co,
Estabrook
&
Co,
B. J.
i Sachs
&
mc-,
Van
& Co, E. H. , Rollins &
Sons, A. C. Allyn & Co, TnPP
l.lngen
1
i &
Co,
Sage,
Rutty
; Hannahs, Ballin &
& Co. an
Lee:
$422,000 Buffalo Sewer Authority,
N. Y., series G 3% bonds, at
113.49. All dated Feb. 1,
and
on
due
Feb.
in
varying
1, from
am^"Alt¬
1947 to 19" •
Number 4391
161
Volume
THE'COMMERCIAL & FINANCIAL CHRONICLE
208.000 Buffalo Sewer Authority,
3.60% series of 1936
registered bonds, at 125.79.
N.
Y.,
dated
All
June
1,
1936
] To
Mellon
works
and
108,000 Buffalo Sewer Authority,
N. Y., 3Vs2%
series of 1936
bonds,
registered
June
dated
All
variously
124.39.
at
1,
1936
and
To
3%%
Y.,
series
of
amounts
June
on
Marine Trust
Childs
F.
to
Sherwood
and
Weeks,
Hornblower
Co.,
&
White
All registered with
exception of $65,000
due
in
119,000
1958 to
1964
incl.,
National
Chase
the
To
Bank
of
New York:
$2,000,000 Chicago, 111., 5% water
works
certificates
system
indebtedness, at 124.70.
Dec.
of
1
Dec.
Dated
Dated
from
1948
Dated
Cleveland,
Dated
May
1
Dec.
due
1949
1955
to
C,
E,
water
Feb.
1931,
due
Philadelphia,
1981
27,
4%
Pa.,
Dated Feb.
1981,
117.47.
bonds, at
and
bonds,
school
Dated
July
at
1921
1,
15, 1930 and due Dec. 15, 1960.
To
America
of
Bank
Savings Association of
Francisco, and First Na¬
San
Bank
tional
Portland,
of
jointly:
$2,400,000
East
Bay
Municipal
Utility
District,
Calif.,
5%
Dated
Dec.
Dec.
Sachs
&
Inc.,
Co.,
B.
J.
Goldman,
Van Ingen
Hannahs, Ballin
Co.,
& Co.,
M. Marks
Laurence
Lee,
&
jointly:
$10,000
Cleveland,
Oct.
Dated
Oct.
June
1,
4V2%
Ohio,
1914
June
St.
June
from
1946 to
on
Dec.
1962 incl.
-Cleveland,
Ohio,
Dec.
in blocks of
various
from
4V2%
122.621.
1, 1915 and due
$10,000 and $5,000
years
on
Dec. 1
waterworks bonds, at
Dated
1
194S to
1958 incl.
North
sewer,
Ingen & Co., Laurence
A.
and
Co.
399,000
&
Co.,
Co.
and
M.
Laurence
Oct.
1924
due June
due
$5,000
due
and due Feb.
1,000 Philadelphia, Pa., 5% bonds,
at 121.087.
Dated Jan. 1, 1921
C.
1935
to
Detroit,
Mich.,
and due
Oct.
Feb.
thority
Mich.,4V4% pub¬
(water
supply)
bonds, at 132.091. Dated Dec.
15, 1929 and due Dec. 15, 1959.
utility
(water
1950
I
Dec.
15,
re-
1976.
ing premiums to par on
15,
June i
1956.
for
sale
on
28—v.
May
161, p. 2383—were awarded to the
Second National Bank of Boston,
at
Dated June 7, 1945.
are due on June 6,
Other bidders were as fol¬
0.245%,
These
1946.
awarded to the Merchants
were
National
$4.00.
0.30%
Merchants National Bank,
First National Bank,
notes
due
are
bidders
Dec.
on
a
28,
fol¬
as
were
lows:
,
Discount
Bidder
National
Second
Bank,
0.31%
Boston
First National Bank, Bos¬
ton
0.315%
—
Ilarriman
Co.,
&
Ripley
0.33%
Inc.
MICHIGAN
Farmington Township
(P.O.
Farmington), Mich.
Sale
Bond
of
for sale
&
Moore
The $49,000 issue
—
refunding bonds offered
on May 28—v. 161, p. 25 U
awarded
to
McDonald,
1945,
Dat :d
Detroit.
Co., of
1945. Denomination $1,( 00.
These bonds are due on June 1,
June 1,
1946, $7,Ov.O
$6,000 in
follows:
in 1947, and
The
next
$4,000 in 1948 to 1953.
highest
bidder
was
Braun, Bosworth & Co., Inc.
Michigan (State of)
Offering—D. Hale Brake,
Bond
announced
the authoriza¬
tion of the State Teachers' Re¬
tirement
BYind, he will receive
sealed bids until 1 P.M. on June
12 for the purchase of the various
that
has
Treasurer,
pursuant
to
municipal
Michigan
of
items
amountinng
to
$201,500.
School Distr.ci
Garden City), Mich.
Township
No. 2 (P.O.
Mc-
L.
Call —Francis
Bond
1937:
of
for
Bedford Township,
0.32%
-
—
Med way,
Mass.
Note Sale—The $40,000 tempo¬
rary
notes offered for sale on
29 were awarded to the
notes
are
due
Dec. 28,
May
Home Na¬
tional Bank of Milford, at
These
0.335%.
$20,000
1945.
$250,000 Roanoke, Va., 41'2% series
0, N" and Q public improve¬
ment bonds, at 129.38. Dated
on
Other
Norfolk County Trust Co.,
as
Bernard Hil-
Secretary,
District
will
tenders until 7
sealed
re¬
P.M.
June 12, for the pur¬
of indebted¬
May 1, 1937, in the
amount of exactly $27,000.
(EWT),
on
of certificates
dated
Brainerd School District
Brainerd), Minn,
follows:
Bidders
Discount
Dedham
Yo
Second National Bank,
Boston
First Nat'l Bank, Boston--
0.357%
0.39%
v
Offering—Sealed bids, will
receivd until 8 P.M. on June
be
by
F. Hohman,
Louis
District
Clerk, for the purchase of $270,refunding bonds. Denomina¬
000
Due serially on June
amount of $27,000 in
each of the years 1946 to. 1955,
all subject to redemption on anv
interest payment date.
The said
bonds maturing in the years 1943
tion
1,
to
$1,000.
in
the
1950
are
to
of
rate
the
bonds
to
The Board
less
per
interest
annum,
at
and
maturing in the years
inclusive,
1955,
bear interest at
for
bear
1%
the
1951
0.354
(P.O.
Bond
4,
Day Trust Co., Boston,
$11.00)
Red ford Union
1. Mich.
•
Tenders Wanted—
ceive
0.31%
,
'
on
MINNESOTA
Safe Deposit & Trust Co.,
(Plus
ceases
School District No.
0.31%
$27.00)
Lee Higginson Corp.,
(Plus $10.00)
and
Interest
payment.
0.302%
s
(Plus
Boston
Co., Detroit,
the Detroit Trust
at
date called.
ness
Jointly
87 to 91.
Nos. 23 to 31, and 36.
Said bonds should be presented
chase
and
were
1954.
at
Boston,
0.30%, plus a premium
Dated May 28, 1945.
Other
1945.
of
Bank,
discount of
of
$125,000 tempo¬
notes offered for sale on May
ler,
Int. Rate
Bidder
bidders
July
of
Bank
Winthrop, Mass.
notes
To
July 1, 1924 and due on
genuineness by
Shawmut
Note Sale—The
Sale—The $1,000,000 notes
offered
and
Halsey, Stuart & Co., Lehman
Bros, and Otis
Co., jointly:
to
as
National
Series B,
Nov. 28
1.
1958.
and
Op¬
15,
and thereafter at declin¬
due
and
utility
supply)
bonds, at 128.357. Dated Nov.
15,
1928 and due Nov. 15,
lic
general
tional at 102 through Dec.
567.000 Detroit,
Detroit, Mich., 4% pub¬
3%
of
are
Boston, and their legality will be
approved by Storey, Thorndike,
Palmer & Dodge, of Boston.
No
telephone bids will be received.
Bankers Trust Co.,
funding bonds, fourth-series,
at 111.70. Dated Dec. 15, 1936
1958 and 1960,
188,000
15, 1962.
Dated Oct. To The National City Bank of
New York:
in varying
1 from 1952 $2,355,000 Port of New York Au¬
'■
the
Guaranty Trust Co.,
and thereafter at de¬
premiums to par on
bonds
Series A, Nos.
National Shawmut Bank,
clining
1961 incl.
thenticated
Massachusetts
Aug. 15, 1977. Op¬
tional at 104 through Aug. 15,
due
and
3V2%
The
prepared
under the supervision of and au¬
sue
funding bonds, fifth series, at
114.283. Dated Aug. 15, 1937
refunding
Boston.
Boston),
(P.O.
lows:
Bank & Trust
$2,997,000 Port of New York Au¬
thority 3 V4 % general and re¬
Allyn & Co.,
water
D
1, 1951.
Co., New York:
M. Marks
27,000 Detroit, Mich.,'414% pub¬
lic utility-water supply bonds,
at 128.89. Dated May 15, 1930
and due on May 15 in 1955,
lic
due Jan.
To Central Ilanover
bonds.
1937 and due
1972.
Massachusetts
Note
16, 1955.
interest.
Bank
1966; Manus, School Treasurer, calls lot1968;
payment on July 1, at par and
$170,000, 1969; $210,000, 1970; accrued
interest,
the
following
$150,000, 1971, and $257,000 in
Township's refunding bonds, is¬
& Co.:
1925
accrued
Shawmut
$596,000. 1967; $351,000,
and
Philadelphia, Pa., 4% bonds,
of 1%. No bid for less
and
National
Nanhin
1,
Aug.
Bidder iy
$182,000, 1965; $544,000,
1950.
at 125.267. Dated Feb. 16,
the
bonds
optional in 1950.
Moncure Riddle
due
River-
Colorado
4%
Due $25,0. 0
1955.
rate of interest in mul¬
par
Dated
28,000 Philadelphia, Pa., 4 14 %
bonds, at 117.079. 'Dated July
To
and
1911
1,
Aug. 1, as follows: $10,000 in
1960 and 1961; $20,000, 1963;
Pa., 414%
Dated Dec.
1930, due Dec. 16, 1980,
1, 1930, due July 1, 1980,
Oct.
1946 to
tiples'of
than
waterworks refunding
25,000 Philadelphia,
bonds, at 118.618.
16,
bonds.
water
1, 1961.
$2,500,000
1, 1982, and optional
and optional in
one
State
Metropolitan Water Distriet of
Southern California
1952.
in
4V2%
Dated
Oct.
1, 1964.
1946,
amounts on
.
Jersey City, N. J.
Marks
and
stock
($5,189,000 rapid transit con¬
$1,000,000
Oct.. 1,
Dated
corporate
4V4%
struction, $252,000 water and
$188,000 dock), dated Jan. 1,
1927 and due Jan. 1, 1977.
Braun
Co., jointly:
name
as
1, 1977.
May
Inc.
Co.,
&
corporate stock for
municipal purposes.
May 1, 1927 and due
Dated
1953
1 from
1,
—were
1978.
15,
4%
various
$750,000 Louisville, Ky., 4V2% war
memorial
bonds, at 154.562.
jointly:
1,
1, 1914 and due in
amounts
&
Securities Corp., B. J. Van
ble
-
tion), dated Nov. 15, 1928 and
5,629,000
Sachs
&
and
bonds, at 121.275.
Cleveland, Ohio, 4l/2%
water works bonds, at 126.677.
varying
$5,000
sanitary
Chase Na¬
tional Bank, Chemical Bank &
Trust Co., Smith, Barney & Co.,
Ilarriman Ripley
& Co., Inc.,
Goldman, Sachs & Co., Equita¬
Louis,
2,585,000 41/4 % corporate stock
($1,361,000 dock and $1,224.000
rapid transit construc¬
Nov.
a.m.
bonds. Dated June 1, 1945.
June
duct), dated Dec. 1, 1929 and
due Dec. 1, 1979.
75,000 414% school bldg. con¬
struction bonds. Dated Dec. 1,
1929 and due Dec. 1, 1978.
1925
Jan.
Ripley
Goldman,
1949.
1,
series
jointly:
Hutchin¬
Bankers Trust Co.,
$1,660,000
341,000
Dated Dec.
1949;
1,
Yonkers
due
Paul II.
Davis & Co., Ryan, Sutherland
& Co., and W. R. Stephens In¬
vestment
Co. of Little Rock,
Co.,
$137,000 dock and $67,000 via¬
Bosworth & Co., B. J. Van Ingen
due
1, 1949; $15,000 Central
Yonkers sanitary sewer, due
To Mercantile-Commerce Bank
Trust
Ilarriman
June
1961.
1,
dock), dated Oct. 1, 1930 and
due Oct. 1, 1980.
846,000 414 % corporate stock
($370,000 water supply, $272,000 rapid transit construction,
To Bankers Trust Co., New York,
South
sewer,
1, 1949; $5,000
140.921.
and
$5,000
sanitary
Valley sanitary sewer, due
son
&
'waterworks bonds, at
on
stock
transit,
$384,000
and
re¬
11
June 1 for the purchase
street
construction
on
coupon
These
water
Shaughwill
until
$250,000
28
1981.
1,
$658,000
Jan.
1974 incl.
to
1,1948; $95,000 park, due
1,1948; $76,000 park, due
June
To
Co.,
&
1948;
1,
due
1, 1948; $15,000 Central
Yonkers sanitary sewer, due
due
Smith, Barney & Co., Ilarriman
Ripley
North
June
4V2%
To Bankers Trust Co., New York,
$5,000
sanitary sewer,
Yonkers
143.678.
and
1916
1,
1948;
1,
June
1, 1963.
•
1, 1947; $5,000 Hutchin¬
Valley sanitary sewer, due
June
incl.
March
2,297,000 4% corporate
($1,255,000
rapid
bids
Denomination $1,000.
the bonds
rejected:
$7,577,000 414% rapid transit con¬
struction
corporate stock,
Dated March 1, 1931 and due
due
To Northern Trust Co. of Chicago:
Yonkers
$50,000 Cleveland, Ohio, 5%. water
works bonds, at 153.457. Dated
Feb. 1, 1920 and due $10,000
annually on Feb. 1 from 1963
Qhio,
amounts
are
were
Treasurer,
sealed
(EWT)
of
rary
The
1,
bids
City of New York Obligations
$9,000 Philadelphia, Pa., 5% bonds,
at 126.489. Dated June 1, 1932,
June
Fahey, Clark & Co., jointly:
Cleveland,
dated
following
for which
147.30.
1, 1947; $5,000 Hutchin¬
Valley sanitary sewer, due
son
North¬
Chicago, ancl
Note—The
1928, respectively,
and mature in varyi ng
June
To Braun, Bosworth & Co.,
water works bonds, at
Ore.,
1, 1947; $15,000 Central
Yonkers sanitary sewer, due
Feb. 1, 1951, and
$600,000 in 1952.
1967
1947; $45,000 park,
1947; $5,000 South
sanitary sewer, due
1,
June
due $400,000
Co.,
National
Trust &
are
son
July 1, 1955.
Trust
Dated May
1, 1931 and due May 1, 1961.
847,000 Detroit, Mich., 4V2% pub¬
lic
utility * (water
supply)
bonds, at 135.821. Dated Dec.
June
1,000,000 St. Louis, Mo., 3% pub¬
lic bldg". and impt. bonds, at
113.90. Dated Feb. 1, 1935 and
in
bonds, at 131.431.
bonds
Yonkers
140.11]
and due
River
sanitary
due 1951, and $46,000
Mamaroneck Valley sanitary
sewer, due 1951.
and Jan. 1,
due June 1,
110,000 Richmond, Va., 5% series
70,000
1, 1960 and $22,000 in 1961.
1,432,000 Detroit, Mich., 4% pub¬
lic
utility
(water
supply)
bonds, at
June
1931, due Feb. 27,
optional in 1951.
27,
and
due $52,000 July
water
Y„ 4%% bonds, at 111.418.
April 2, 1934 and con¬
sisting of: $5,000 North Yonkers sanitary sewer, due Juno 1
1, 1946; $5,000 South Yonkers
sanitary sewer, due June 1,
1946; $5,000 Hutchinson Val¬
ley sanitary sewer, due June
1,
1946;
$75,000 park, due
June
1, 1946; $5,000 North
Yonkers sanitary sewer, due
optional in 1951.
129,000
&
$74,000 Detroit, Mich., 314% re¬
funding non-callable series D
bonds, at 125.001. Dated July
Mill
sewer,
City
jointly:
Dated
Dated May 1, 1922 and
Saw
Spencer Trask & Co., Eldredge
& Co., and Julien Collins & Co.,
County;
Westchester
391,000
5%
June
1,
and
consisting of:
$5,000 Saw Mill River sani¬
tary sewer, due in 1949; $5,000
National
City
nessy,
ceive
Principal and interest payable at
National
American
1935 and
Peabody & Co.:
$56,000 Westchester County, N. Y.,
6% bonds, at 128.869. Dated
June
1,
1933, maturing on
Savings Association of
Francisco,
1,
Philadelphia, Pa., 414%
bonds, at 114,80. Dated June
1, 1929, due June 1, 1959, and
optional in 1949.
May 1, 1952.
5,000
due
Philadelphia, Pa., 4Va%
bonds, at 115.78. Dated June
1, 1929, due June 1, 1979, and
optional in 1949.
series
bonds, at
Va.,
and
to
and
To Kidder,
Bank & Trust Co., Kansas City,
21,000
1934 and due
10,
27,
ern
1921
Philadelphia,
Pa., 4V2%
117.75. Dated Dec.
2, 1929, due Dec. 2, 1979, and
optional in 1949.
102,000 Philadelphia, Pa., 414%
bonds, at 116.64. Dated Dec.
2, 1929, due Dec. 2, 1979, and
optional in 1949.
130,000 Philadelphia, Pa., W\%bonds, at 118.87. Dated Feb.
v
1,
park, due 1954; $4,000 County
Office Bldg., due 1954.
Chicago,
Co.,
N.
I,
5
July
highway acquisition, due
1950; $5,000 County Office
Bldg., due 1951; $5,000 County
Hospital Bldg., due 1951;
$5,000 park, due 1951; $21,000
Bond Offering—John R.
in
Bank of New York, Braun, Bos¬
due
bonds, at
4M>%
Ohio,
from
Norfolk,
124.83.
*
1932 and
5,000
incl,
430,000
D,
1,
July 1, 1946.
1953
to
Nov.
15, 1925
worth & Co., Inc., City National
1, 1946.
10,000
Cleveland,
Ohio, 5V2%
water works bonds, at 105.90.
water works bonds, at 125.10.
v
1, 1914 and due
Quincy, Mass.
1, 1932, maturing on
June 1, and consisting of: $25,-
1955.
Trust
of
Trust &
1949.
1,
Northern
San
45,000
500,000
on
4% %
Nov.
1933
1,
incl.
<
at 124.299. Dated Dec.
and due Dec. 15,
To
'
Co.:.
June
and
utility (water supply) bonds,
124.55. Dated May 15, 1926
and due May 15, 1956.
112,000 Detroit, Mich, 4% public
utility (water supply) bonds,
bonds, at 115.20.
March
March
1956
Devine &
000
Bank
Ohio,
1955,
at;
1950.
Cleveland,
Dated
and due in ap¬
proximately equal instalments
on
1,
water works
The
1936
1,
varying amounts
from
1
cou¬
1963.
dated June
are
June
on
in
maturing
bonds
and
due
1946
Cleveland,
Ohio, 5V2%
water works bonds, at 107.74.
129.63.
pon
from
1
25,000
N. Y., 4% series of 1936 bonds,
the
1918 and
1950 incl.
April
$938,000 Buffalo Sewer Authority,
at
1,
June
Cleveland,
Ohio,
4%%
work bonds, at 119.7u.
Dated April 1, 1924 and due
Co.,
&
on
112.801.
at
in
C. J.
1958.
water
&
jointly:
,
of
15
To
$65,000 Westchester County, N. Y.,
414% bonds, at 121,66. Dated
298,000 Detroit, Mich., 4% public
utility (water supply) bonds,
at
126.665.
Dated
Sept. 15,
1927 and due Sept. 15, 1957.
164,000 Detroit, Mich., 4% public
$25,000
Bank of Nashville, R. D.
Union
Bank
To F. II. Roller & Co., New York:
1
Commerce
June
$10,000
Co., Buffalo. C.
Co.,
&
bonds,
Dated
*
To
National
Louis:
works
1958 to 1963 incl.
from
March
1, 1919 and due
$50,000 Cleveland, Ohio, 5% water
1936
dated June 1, .1936 and due in
varying
115.886.
at
1951.
Boatmen's
St.
on
registered bonds, at 126.32. All
March
in
000
324,000 Buffalo Sewer Authority,
N.
89,000 Detroit, Mich., 414% pub¬
lic
utility
(water
supply)
/
bonds, at 127.729.
Dated
March 15, 1928 and due on
$5,000 March 1, 1946 and $10,-
June 1 from
lt)59 to 1964 inclusive.
due
of
.
bonds,
Dated
varying amounts on
1 from 1958 to 1964 incl.
June
Corp.
$15,000 Cleveland, Ohio, 5% water
in
due
Securities
Pittsburgh:
2495
are
will not consider a
than
to
114% per annum.
101
bid
for said bonds.
1
:
2496
(P.O. Granger), Minn.
Sale—The $50,000 road
Bristol
Bond
\
,
and bridge bonds offered for sale
011.
18—v. 161, p. 2048—were
May
Barber!
awarded to Paine, Webber, Jack¬
son & Curtis, of St. Paul, as 1.20s,
at
5.
A. L. Muhich, City Clerk,
purchase of $450,000 re¬
by
for-the
funding bonds. Denomination $1,000. Dated July 1, 1945.
Due on
July 1 as follows: $80,000 in 1946,
$90,000,, 1947 to 1949, and $100,000
ing bonds will be optional on and
alter July 1, 1946.
sJPrincipal and interest of said
bonds will be payable in lawful
States of
institution
in the State of Minnesota as shall
be. designated
by the successful
bidder in the bid or in the event
United
the
of
money
Aoierica at such fiscal
'
to
failure
of
designate
so
the
place of payment, then either at
the First National Bank of Eve¬
leth, or the Miners National Bank
of: Evelet.
-V'
\\r
'i
The bonds shall bear interest at
specified by the purchas¬
the rate
bonds
by Chapman & Cutler, of Chicago.
Net income basis of about 0.87%.
Mississippi (State of) '
$1,812,000 sixth
.
Toole County (P.
refunding bonds
highway
series,
offered for sale on May 25—v.
2384—were awarded to a syndi¬
of M. A. Saunders
p.
of
will have
printed and executed at
The
Vicksburg.
Bond Offering
a
award, and the
suocessful bidder shall be notified
by mail when they shall be ready
for delivery. The place of deliv¬
price of par,
must
be accompanied
by, g. certified check or a cash de¬
principal
the
of
2%
for
posit
ing $312,000 on Aug. 1, 1961, and
$65,000 on Feb. 1, 1962, as 3s, and
ajnount of the bonds.
^
-
V.
V;- ;;
Koochiching County (P.O. Inter¬
national Falls), Minn.
Bonds Offered—Otis H.
Gordon,
sealed
bidsHuptil 1:30 p.m. on May 31,
for, the purchase of $100,000 cou¬
pon refunding bonds, at not ex¬
Auditor/* ^received
County
112%
interest.
Dated June 1, 1945. Denomina¬
tion $1,000. Due October 1 as follows: " $5,000 in 1949, ,$20,000 in
1950 to 1953, and $15,000 in 1954.
ceeding
AlP fronds
ment
are
Oct.
on
subject to prepay¬
1,
1947,
or
on
any
Princi¬
interest (A-O) payable
aii'h place to be designated by the
subsequent interest date.
pal1'and
purchaser.
Offering
Bqnd
R.
—
Schwinn,
Clerk, will receive sealed
.until June 14 for the pur-
Town
djas£ of $36,000 road and bridge
bpp^S;*
Reii^Lake County (P.O. Red Lake
h
Falls), Minn. !
%nd
}'
■
Offering— Arthur Prene-
v«'&t, 'County Auditor, will receive
sealed
9
bids
until
1
P.M.
011
June
£or the purchase of $88,000 cou-
pofi refunding bonds, not exceed¬
1%% interest. Dated June 1,
Denomination
$1,000.
Junfr l, as follows: $4,000 in
to
'1958,
$5,000
in
1959
to
&
This
Dane.
group
1.605%.
of about
Offering—V.
Bond
until
bids
of
chase
be in
tli^fr par and accrued interest will
b>J( Considered. Principal and in¬
terest
(J-D) payable at a place
to be designated by the purchaser.
The
County
will
furnish
the
printed bonds, and all bids must
be
unconditional except as to le¬
gality which may be made condi¬
tional unon the legal opinion of
Dorsey, Colman, Barker, Scott &
26
June
DeJean,
P.
for
pur¬
bonds
of St.
bidder
These notes are
15, 1945. The only other
the Merchants Na¬
was
of Boston, at 0.34%.
tional Bank,
Offering—The
Note
of
Clerk
'
will re¬
ceive sealed bids until 7.30 P.M.
of Education
the Board
amounting
mature
to
the
for
6
June
to
purchase of
$30,000 and
1946
from
1960.
to
new jersey
Delaware
Township, N. J.
Call—M.
E.
Wermuth,
Township Clerk, calls for payment
on
June
Solely—Mrs. M. Berry,
has announced that
30, the Town's 3% refund¬
ing bonds, dated Dec. 1, 1939, Nos.
M1023 to M1020, maturing on Dec.
Dec. 1, 1965, amounting
$10,000. Denomination $1,000.
$27,700 water and light plant
revenue
bonds authorized at the
election held on March 30, have
the
been sold.
West Point, Miss.
to
will
be
redeemed
at
the
principal amount thereof and
accrued
interest;> to redemption
date, but without premium, and
on
June 30, 1945, there will be¬
come due and payable on each of
said bonds (upon presentation and
binding obliga¬
tions for the payment of which
the
City may be
required, if
necessary,
to levy ad valorem
and legally
taxes without limitation as to rate
amount.
or
4
(EWT),
p.m.
$16,000 municipal
attached) at the First
National
Bank
&
Trust
airport construction and purchase
Co., Camden, the principal thereof
The authorization will take
together with the accrued interest
bonds.
place
011
date called.
to
June 12.
Interest
ceases
on
date called.
MISSOURI
Middlesex
Cassville
Election
Bond
of
sue
will
at
an
near
New
School District,
Planned—An
is¬
$20,000 construction bonds
be
submitted
election
to
to
be
the
held
voters
in
the
future.
Madrid
Bond
Resolution
Passed—On May
17,
thev-resolution calling for the issu¬
ance
tion,
of road and bridge construc¬
hospital
and
park
bonds
amounting to $305,000, was passed
County Consolidated
School District No. 6 (P. O.
New
County (P.O. New
Brunswick), N.J.
by
purchase of $40,000. wateii
coupon or registered bonds, at. not
exceeding
6%
interest.
Dated
June 1,1945. Denomination $1,000.
Due $2,000 June 1, 1946 to 1965,
The period of probable usefulness
of the object or purpose for which
bonds are to be issued
the
$32,000
County .Board
new
of
Free¬
,
'
Bonds Voted—An issue of $100,-
Bernheimer
000 water bonds was authorized at
as
a
Co., of Kansas City,
2s and 2 Vis.
Dated March 1,
recent election.
syndicate composed
a
Dickson
S.
Co. of Char¬
&
lotte, McDaniel Lewis
Greensboro,
Vance
curities
&
Co. of
Securities
is 40
Law of the State. The
proceeds of the bonds are to be
used to pay the cost of improving
the Village's water system. The
Village is authorized and required
by law to levy on all taxable
property Of the Village such ad
valorem taxes as may be neces¬
Village
to paynthe bonds and the in¬
sary
terest thereon, without limitation
as to rate or amount.
Corp, of Durham, and the
Asheboro, N. C.
Offering—W. E.
Bond
Easter-
ernment
Commission,
nounced
that
he
has
will
an¬
receive
sealed bids at his office in
until
11
Raleigh,
on June 5
A.M.
(EWT)
for the purchase of the following
coupon
bonds amounting to $390,-
interest.
; v
Co.
of
of
100.068,
of 2.479%. The
cost
follows:
as
$65,000 school bonds. For $17,000
maturing on June 1, $5,000
in 1946, $3,000 in 1947 to 1950,
as
6s, and $48,000 maturing
$3,000 on June 1, 1951 to 1966,
2Vis.
as
344,000 general bonds. For $72,000 maturing on June 1, S4,-
000 in 1946, $17,000 in 1947 to
-
1950, as 6s, and $272,000 maturing > $17,000 on June 1,
1951 to, 1966, as 2V4s.
These bonds
1,
1945.
all dated June
are
Other
bidders
were
as
follows:
'A; A- A
Bidders—'
Stranahan,
Barcus,
Co.,
&
Provident
Bank
&
Price Net Lit,
V;;.'.;-Bid
Harris
Inc.,
Kindred
Trust
&.
Savings
Co.,
Cin¬
&
Irving Co., and Walter,"
Woody & Heimerdinger, '
■
jointly,
for
and $160,-
•
Securities
and
B.
Co.,
jointly,
6s,
$240,000,
J.
Bond
of the
•
100.013 2.615%
000, 2Vis.
Van
Corp.,
Ingen
for
&
$69,000,
and
3s,
100.011 2.916%
2%s
$100,000,
,
$89,000;4s,
$10,000. ,3?^s
Equitable
Cost
Co.,
cinnati,.: Weil, V Roth
CalL—Grant
Board
sioners, "has
following
which
ling, Secretary of the Local Gov¬
Trust
described
are
of
Webb,
County
payment on
date
Clerk
Commis¬
that the
bonds are
July 1, on
announced
refunding
called for
carolina
north
&
price
a
net interest
a
bonds
Principal and interest pay4
interest
ceases:
$344,000 general bonds.
65,000 school bonds.
bond?
Dated July 1, 1938. These
due on July 1, 1963. Holders
arc
may
with in¬
present their bonds
due on July
1945, attached for payment or,
terest
coupons
h
i-
bonds may
be
presented in the usual course,
the
Central
Hanover: Bank
a-
detached from
Trust
Co.,
the
&
City, foL'
Newt: York
payment.
N. C.
Bessemer City,
Town
an¬
nounced that the series B, sewer
refunding bonds,
Nos. 1 to
Bond Call—M. L. Rhyne,
Secretary
-
has
Treasurer,
amounting to $8,000 are called for
payment on July 1.
Dated July
1, 1935.
Denomination
Dated June 1, 1945. Denomina¬
tion
$1,000.
Registerable as to
July
principal
tion of the bonds,
tions;
$1,000. Doe
of saia
interest coupons
only; general obliga¬
unlimited tax.Principal
(J-D)
payable in
New York City.
A senarate bid
and
interest
each
issue
accrued
Bidders
Hornell, N. Y.
of R.
Co., New York City. The bonds
are to be issued pursuant to the
and
york
build¬
ing bonds offered for sale recent¬
ly were awarded to the Baum,
awarded to
able at the Marine Midland Trust
for
Madrid), Mo.
Sale—The
the
holders.
$409,000 re¬
bonds offered for sale
May 29—v. 161; p. 2385—were
on
for the
•
Mo.
Carolina
funding
scaled bids
May 31 j
Camden
of
North
on
Dec. 1, 1945,
issue
Treasurer!
State
Sale—The
Bond
;
ize
an
the
to
Avery County (P.O. Newland),
Trumansburgh, N. Y.
announced its intention to author¬
after
or
on
certified check for $7,800
a
payable
at
$375,000 water bonds. Due June
1, as follows: $5,000 in 1948
to 1954, $7,000 in 1955. $9,000
in
1956, $7,000 in 1957 and
1958, $8 000 in 1959. $11,000 in
1960, $12,000 in 1961 to 1984
and $3,000 1985.
'' •
15,000 refunding bonds. Due June
1, as follows: $3,000 in 1964
to 1966, and $6,000 in 1967.
due
coupons
close
Bank
tenant
On
The approving opinion of
Reed, Hoyt & Washburn of New
New York, will be furnished. En¬
turned.
Asheville,
May 17,T the Board of Selectmen
Authorized
Be
any
Wachovia
000, not exceeding 6%
to
of
opinion will be furnished by Reed,
Hcyt & Washburn of New York;
and will state that the notes are
surrender thereof with all appur¬
Bonds
terms
shall
Corp. of Winston-Salem, First Se¬
on
bonds
Said
16,
June
on
by the
by
of the
character
1945, or as soon after that date
notes can be prepared. Legal
years.
Hampstead School District, N*H*
«
turing
Clerk,
\
.
due Dec.
delivered
as
1, 1964, and M1029 to M1024, ma¬
Prentiss, Miss.
Town
tempo¬
rary
notes offered for sale von
May 31 were awarded to the First
National Bank, of Boston, at a dis¬
Bond
approved as to legality
by Charles & Trauernicht,
Louis. Dated Jan. 15, 1945.
desired,
&
Co., New York. The notes
be
until
Note Sale-r-The $200,000
count of 0.333%.
will
and
type
obligation under
purchase the bonds
and in such case the deposit ac¬
companying his bid will be re¬
Central Hanover Bank
Trust
received
the contract to
and .payable
deliverable
be
re
be relieved of his
and accrued interest. Interest
be computed on a basis of
the
their
income tax law, the suc¬
cessful bidder may, at his election
days to the year. The notes
will be drawn with interest and
at
until
income
taxable
be
accepted at less than
Village Clerk, received
"
Keene, N. H.
v*
1%% recreational facilities
will
[hi
Federal
Bonds Offered—D. W. Messier,
new hampshire
pur¬
Legality Approved—The $35,000
have been
was
election
street improve¬
$30,000
bonds.
ment
interest
sealed
the
of $7,500
not exceeding 6%
favorably voted at
held on April 3.
bonds,
school
the
No.
(P.O. Plainview), Neb.
notes
%
receive
will
Clerk,
City
1947
1964,
multiples of V4 or
orie-tenth of 1%. No bids for less
to
.••..•tn'-Vn
.O'i
;
5
Bonds Voted—An issue
on
Pascagoula, Miss.
par
the
•
same
requests No
able to bearer upon
bids will be
valid
County School District
Pierce
Due
and^l0,000 in 1965. Rate of in¬
terest
&
&
John
Crane, and
offered to pay
100.018 for $1,312,000,
l3/4s, and
$500,000 IV4S, a net interest cost
Glas
Co.,
ing
1945.
Co., Weil, Roth &
&
Bros.
Irving
Co.,
Walter,
Woody
Heimerdinger, Fahey,
Clark
Bonds
Luxemburg (P.O. Watkins), Minn.
bids
Co., White, Hattier & Sanford,
C. F. Childs & Co., Weil & Arnold,
Stern
nebraska
matur¬
$377,000
For
follows:
&
of delivery.
Clerk
ty
cost of about 1.598%,
net interest
as
Malcolm H. Lyok, has
announced that due to an error in
the official notice
of sale the
$125,000 County hospital bonds
will not be sold on June 7 as
originally planned—v. 161, p. 2274.
$1,435,000 maturing $435,000 on
Feb. 1, 1962, $500,000 on Aug. 1,
ery shall be the First National
Bank of Eveleth, or the Miners 1962, and Feb. 1, 1963, as lV4s.
Dated June 1, 1945. Denomination
National Bank of Eveleth, or at
siicfi dtheF fiscal institution desigj $1,000/ The only other bidder was
syndicate composed of John
mated by the bidder. Such bonds a
&
Co.,
Lewis & Co.;
Will riot be sold for less than par Nuveen
and accrued interest to the date Schaff & Jones; Newman. Brown
bid
bonds
made pay¬
payable. Notes will be
bonds
private holders from bonds
notes shall be made
and to whom
interest cost to
spective maturities. In the even'
that prior to the delivery of
th«
rate of interest,
denomination
designate
the
of
all
submitted for all or none.
must be
will
Canceled—Coun¬
pur¬
group
chased the bonds at a
O. Shelby),
Montana
161,
-
City of Eveleth
Each
June 6 for the
special Local Work
Bidders to state
lowest
such cost to be determined
by deducting the total amount o<
the premium
bid from the as'
gregate! amount of interest upon
360
Bond Sale—The
ticable after their
'
on
Th«
town,
Y.
W. Raymond
(EWT)
chase of
maturities
v.
receive
airport bonds offered for sale on
$19,000 in 1946, and $20,- May 15 and awarded to the Ed¬
000 in
1947 to 1951.
The next ward L. Burton Corp., of Salt Lake
highest bidder was First National City, as 0.90s, at a price of 100.159
Bank, St. Paul, and First National —v. 161, p. 2274—mature on June
Bank,
Minneapolis, jointly, for
30, as follows: $13,000 in 1946 to
34s, at a price of 100.07.
■■■.,
1954, and $15,000 in 1955. Dated
June 30, 1945.
Legality approved
:
Mississippi
after the year of issuance;
&
Co., Memphis, Leland Speed
that the most favorable bid shall
be considered to be that comply¬ Co., Walton-Hamp, Jones Co., both
of Jackson, Kinsbury & Alvis, of
ing with the terms hereof and
New Orleans, the J. S. Love Co.,
quoting the lowest rate of inters
and T. W. Woodward Co., both of
est,.with the highest premium for
Jackson, and J. G. Hickman & Co.
that rate.
soon as prac¬
June
—
S
bond?
the
at
City Comptroller, will
sealed bids until 3 P.M.
Whitley,
follows:
year
as
held on
'
be
to
election
the
May 24, were
on
cate composed
expense
;
Offering
Note
of
issue
$13,750 water supply system bonds
will be submitted to the voters at
20.
tiples i of one-eighth of 1 %} pay¬
01a the 30th day of June and
the 31st day of December, of each
own
Buffalo.
each
bonds will be awarded to the
bid
der offering to purchase the
notes
amounting
to
$868,000.
Dated
awarded to Halsey, Stuart & Co.,
as
>4S, at a price of 100.137, a Gallatin County (P.O. Bozeman), June 16, 1945. Due Feb. 15, 1946.
The award is to be made on the
basis of about 0.71%. Dated June
Montana
basis- of total interest cost after
1,
1945.
Denomination
$1,000.
Bond Sale Details—The $132,000
deducting
any
premium.
Bids
These bonds are due on July 1, as
for sale
offered
able
.its
'
1, 1945.
Fairfield, Mont.
Election—-An
Bond
Minnesota
refunding
price of 100.608.
a
consecutive
of
Rochester, N.
(P.O. Wabasha),
$119,000
at
Co. for Is,
and
bidder must specify in his
the amount of bonds of each
rate
Each rate must be bid for
bonri*
,
161, p. 2274—were awarded
to J. M. Dain & Co. of Minneap¬
& Co., of St. Paul, as
Wabasha County
in his bid therefor, which rate
shall be uniform for all maturities
and shall be expressed in mul¬
the bonds
series, water
28—v.
These bonds are due
$2,000 yearly from 1946 to 1955.
er,
The
MONTANA;
lssue
?
u-i?
second
Sale—The $12,000
system bonds offered
for
sale on May 28—v. 161, p.
Dawson County (P.O. Glendive),
2385—were
awarded
to
New'AA:.A:
Montana ;
%<.
burger, Loeb & Co. of New York,
Bond Sale—The $83,000 refund¬
as
1.70s, at a price of 100.35, a
ing bonds offered for sale on May basis of about 1.672%. Dated June
IV4S, at par.
The
Newburg),
Denomination $500. These
bonds are due $500 on June 1,
olis, as 0.90s, at a price of 100.21. 1946 to 1969. The next highest
Dated July 1, 1945. The next high¬
bidder was the Marine Trust Co.,
2157—were awarded
est bidder was Chafles N. Tripp
p.
to Kalman
The last $100,000 matur¬
in 1950.
161,
—v.
•
■.
Springwater Township (P.O. ;h.
Sherman), Minn.
Bond Sale—The $20,000 Town
bonds offered for sale on May 15
Windsor Water
(P.O. R.D.N. 2,
'v
New York
Bond
sale, or at his
days after the
option thereafter. Enclose a certi¬
fied check for $1,760, payable to
the County Treasurer.
8 p.m. on June
received until
be
40
Eveleth, Minn.
Offering—Sealed bids will
Bond
1
\
,
price of 100.215.
a
Louis.
Windsor, New
District
Trauernicht,
&
Charles
New
approved by
of St.
Legality
1945.
Minneapolis,-'whose
of
opinion must be accepted by "the
purchaser. Delivery of the bonds
will be made to purchaser within
Monday, June 4, 194c
CHRONICLE
COMMERCIAL & FINANCIAL
THE
are
interest)
14' of 1%.
°!?e
oi
either
or
par
is required.
requested to
interest rate
ot
(not less than
name
for part of tho bonds
and
another
1946
rate
Payment
I960.
will
be
made on
accompanied by
tached,
at
the
Chase
Bank, New York City.
ceases
on
date
National
Interest
called.
Boone, N.
Bond
Pre?e"w,"
maturing Jansubsequent coupons at¬
and
the
rates, .in multiples
Each bid may name
issue
1,
bonds
Sale—The
C.
$205,000
funding bonds offered for sale
May 29 — v. 161, n. 2385 —
re
•
THE COMMERCIAL & FINANCIAL
Number 4391
Volume. 161
S. Dickson & Co., of Char¬
the First Securities. Corp.
of Durham; Vance S e cur it i e s
of R.
lotte,
$113,000 maturing',on June
OREGON
[nounced that he will reecive j are due on: Jan. 1, as follows']
1, $27,000 in 1953, $28,000 in 1954, I sealed bids at his office in Raleigh, | $500 in 1947, $1,000 in 1948 to
Josephine County School Districts
$29,000 in. 1955. and 1956, as I until 11 a.m. (EWT) on June 5' 1951, $500 in 1952, $1,000 in 1953
and
Corp.,
IV2S.
1,
$129,000 general bonds. For $86,maturing on June 1, $6,000 in 1946 to 1957, $7,000 in
1958 and 1959, as 23/4s, and
000
76
'
1
$43,000 maturing on June 1,
$7,000 in 1960 to 1964, and
$8,000 in 1965, as 3s.
000 water bonds.
For $45,500
maturing
June .1,
on
$2,000
1946 to 1948, $2,500 in 1949
in
in 1951 and
1952, $3,500 In 1953 and 1954,
$4,000 in 1955, $4,500 in 1956
and 1957, and $4,000 in 1958,
$4,500 in 1959, as 23/4S, and
and. 1950, $3,000
maturing
$30,500,
$4,500
in
1960, $5,000 in 1961 and 1962,
1963 and 1964, and
$5,000 in 1965, as 3s.
$5,500 in
bonds are dated June 1,
These
1945.
I
■I
H.
Call—L.
Bond
that
announced
has
Clerk,
Stout, Town
refunding,
general
outstanding
all
and water refunding bonds, dated
$
1
$
I
1^
1
i
should present
the Central Han¬
Holders
bonds
their
t'h
H.7
dated June
are
Bond Ca 11—Lillian
Perkins, City
announced that the
Clerk, has
outstanding series of
and
1937, water
refunding bonds, dated
July 1, 1937, maturing on July 1,
1972, are called for payment on
July 1, on which date interest
sewer
Holders
ceases.
should
present
their bonds at the Chemical Bank
& Trust Co., New York
City, for
payment, with Jan. 1, 1946, and
subsequent coupons attached.
McDowell County (P. O. Marion),
North Carolina
Bond
Call
—
Burgin,
County
nounces
that
bonds
way
on
July
Bank
the
Mrs.
Mary
G.
Accountant, an¬
following high¬
called for payment
are
1, at the Chase National
of
New
York:
Nos.
26
to
30
incl., dated July 1, 1919, due
July 1, 1949; Nos. 101 to 110, incl.,
dated July 1, 1919, due July 1,
1949; Nos. 211 to 222, incl., and
224 and 225, dated July 1, 1929,
due July
1, 1950; Nos. 352 to 360,
incl., dated JUly 1, 1921, and due
at
Bank & Trust Co., New York
over
for payment, "with Jan. 1,
and
subsequent
coupons
City,
1946,
attached.
Bond
(P.O. Shelby),
County
Carolina
North
of
issue
hospital
county
con¬
struction bonds will be submitted
the
to
voters
at
Sale
161,
29—v.
May
awarded
R.
to
S.
read
sale
for
on
2385—were
p.
&
Dickson
Co.
at a price of 100.03,
cost of 2.122%, as
of Charlotte,
interest
net
a
The $51,00t
offered
bonds
ref.
maturing
$5,000 on June 1, 1946 to 1952, as
2V4S, and
$16,000 maturing on
June 1, $5,000 in 1953 and 1954,
and $6,000 in 1955, as 2s.
For
follows:
Clerk
$35,000
the
of
Commissioners,
has
that
all
outstanding
road
called
for
announced
refunding
Jan. 1, 1937,
1, 1967, are
on July 1, on
dated
on
Jan.
payment
bonds,
maturing
Shope,
Board of
County
Hold¬
which date interest ceases.
should
ers
Central
present bonds at the
Hanover
Bank
Trust
&
Co., New York City, for payment,
with Jan.
1, 1946, and subsequent
coupons attached.
Henderson
County (P. O. Hinder-
sonville), N. C.
County and School Bonds Called
•—D. G.
ty
Wilkie, Chairman of Coun¬
Board
nounces
of
Commissioners,
an¬
that the following county
and Hendersonville Graded
District
bonds
have
been
School
called
for payment on
July 1, at par and
accrued interest, at the Chemical
Bank & Trust So., New York City:
$53,000 county refunding bonds of
/
1940, Nos. 1 to 11, inclusive,
1,1940; N'os.
12, 16 to 18, incl., 20 to 24, in¬
clusive, 27, 29 to 39, inclusive,
411 through 1946, redeemable
July 1, 1940; Nos. 47, 48, 1952
redeemable July
through 62, redeemable Jan.
1, 1941; and Nos. 70 to 84, in¬
clusive callable Jan. 1, 1941.
Hendersonville Graded
refunding bonds, Nos.
5,000
School
1, 2, 4, 5 and
Jan. 1, 1944.
6, redeemable
Hendersonville, N. C.
Bond Sale—The $283,000 water
end
sewer
offered
for
refunding
bonds
on " May
29—v.
sale
awarded to
the
Equitable
Securities Corp.,
McDaniel, Lewis & Co., Greens¬
boro, and the Interstate Securities
Corp., of Charlotte, jointly, at
a
price of 100.01, a net int. cost
of 1.84%, as follows: For $45,000
maturing on June 1, $24,000 in
-948
and
1949, $25,000 in 1950,
$26,000 in 1951, and 1952, as 2s,
161,
p.
A, Nos. 6 to 18, 31 to 37
City. Bidders
re-
are
quested to name the interest rate
or rates, in multiples of lA of 1%.
Each
bid
part
of
rate
may
the
other
or
one
the
bal¬
ance, but no bid may name more
than three rates, arid each bidder
must
of
specify in his bid the amount
bonds
of
each
Each
rate.
rate
must be bid for bonds of consecu¬
purchase the bonds at the lowest
interest cost to the
County, such
cost to be determined by deduct¬
ing the total amount of the pre¬
mium
from
bid
the
aggregate
amount of interest upon all of the
bonds until their respective matu¬
rities.
No bid of less than par
accrued interest will
be
obligations under the
tract
to
2385—were
Due July 1,
Holders shall present their
1, 1935.
the Central
& Trust Co., New
Bank
received sealed bids until
such
in
the
case
con¬
Bonds
Voted
Treasurer.
York
ably voted at
on
May 19;
recently
$8,600
will
at
be
Bend
Election
County (P.O.
fordton), N. C.
Bond
Offering—W.
E.
Ruther-
—
An
issue
of
be submitted
election
to
These bonds
held
are
on
to be
June
part of the
School
Bonds Sold—An issue of
ling, Secretary of the Local Gov¬
ernment Commission, will receive
sealed bids at his office in Raleigh,
submitted
be
that carried
until
11
(EWT)
A.M.
on
June 5
for the
purchase of the following
refunding bond§ amount¬
ing to $52,000, not exceeding 6%
coupon
interest.
■
f.
.
.
$28,000 road, bridge and general
bonds.
.
.
-
24,000 school bonds.
Dated June 1, 1945. Denom. $1,000. Due June 1,
for
offered
(J-D) payable in New York City.
separate bid for each issue is
A
required. All bonds must bear the
interest rate, in a multiple of
same
of 1%. Bidders should specify
such rate and the price offered for
1/4
sale
bonds
January
on
12
2.234%.
Sedan Consolidated
(P.O. Route
North
son,
Township
sealed
until
bids
Clerk,
E.
Nel¬
received
10 a.m. on May
the purchase of $10,000
township bonds. These bonds are
due in 1946 to 1955. Authorized at
29,
for
the
election held on
;
issue, not less than par and
interest. The bonds will
May 8, 1945.
Ohio
Alliance, Ohio
Bond
lowest interest
Offering
"
—
F.
H. Grenei-
Oklahoma (State of)
mission
showed
recently. The to¬
1944 to
April 30, 1945, are $63,920,606 as
compared with $60,140,726 a year
ago, or a gain of 6.29%.
Income tax collections reflected
gain in excess of $700,000 or a
little less than 17%. The sales tax
and at the highest sen, City Auditor, will receive
price offered of the sealed bids until noon on June 12 gain was $1,812,701, or a gain of
separate bids so made for all for the purchase of $18,400 2% 12.21% with a total for the pres¬
bonds at such rate.
The right street improvement bonds. Dated ent fiscal
year of $16,663,270.
Of
to reject all bids is reserved. The June 15, 1945. Denominations $1,the/major taxes the cigaret tax
000 and $100. These bonds are due
approving
opinion
of
Storey.
is showing the largest loss, record¬
Thorndike, Palmer & Dodge of on Dec. 15, as follows: $2,400 in
ing a loss of 6.96%, equal to an
1946, and $4,000 in 1947 to 1950. amount of
Boston, will be furnished the pur¬
$273,571.
chaser.
In the event that prior Bidders may bid for a different
The gasoline tax increase of 2
to the delivery of the bonds the rate of interest in a multiple of V\
cents will not be shown until next
of 1%. Payable from taxes to be
income received by private holdmonth. The beverage tax division
err. from
bonds of the same type levied within the ten mill consti¬
shows
a
total
liability for the
and character shall be taxable by tutional tax limitation. No condi?
month, on the $2 tax, of $98,912,
the terms of any Federal income tional bids will be received. The
and on the $7 tax of $120,536. The
tax
law,
the successful bidder approving opinion of Peck, Shaf¬ difference between the liability
fer & Williams, of Cincinnati, will
may, at his election, be relieved
and the collections is represented
of his obligations under the con¬ be furnished to the successful bid¬
by taxes in the process of collec¬
der without cost. Enclose a certi¬
tract to purchase the bonds and in
tion. The collections are shown at
such case the deposit accompany¬ fied check for 1% of the bonds
$191,755 and the total liability at
ing his bid will be returned. En¬ bid for, payable to the City.
$219,449.
close a certified check for $1,040,
Chagrin Fails, Ohio
Sulphur School District, Okla.
payable to the State Treasurer.
Ordinance Passed—On April 28,
Sampson
County
(P*0» Clinton),
North Carolina
Bend Offering
W. E. Easter-
of the Local Gov¬
Commission,
has , an-
ling, Secretary
ernment
—
ordinance calling for
of $13,500
an
issue
1 lk% village hall erec¬
passed by the ViJ-
tion bonds was
lage Council. Dated
Denomination $500.
May 1, 1945.
Bonds Voted—An issue of $30,-
000
construction
ceeding
3%
bonds,
interest,
not
was
ex¬
favor-
(ably voted at the election held on
These bonds May 15.
The
^
primary elec¬
not be
may
l-T
Planned—An»is~
construction
sewer
be
«
j(.h
,
jto, ,the
election to be
an
submitted
pplql jn
,
i,
.
Yamhill
County Sckool District
(P.O. Amity), Ore. ru":
Bonds Voted—An
construction
000
issue of
$18.-
and
equipment
favorably voted at'the
election held on April 30.
'.aw* K
bonds
was
PENNSYLVANIA
r?--
Election
Bond
'I
ei
Mount Union, Pa.
—
An
,
no-
' fu
O
issue
of
$70,000 Licking Creek water proj¬
ect bonds will be submitted to the
at the primary
voters
on
election to
(i
June 19.
Mutual
Life
that
Vice
President,
;
,
Portfolio Award—Floyd T.
Second
Co.,
Insurance
Philadelphia, Pa.
Up—Tax
tal collections from July 1,
to
June.
Penn
collections
of Oklahoma rose 16.06% in April
to $6,827,655, from $5,882,773 in
the corresponding 1944 period, a
report from the State Tax Com¬
Yield
aggregate
an
(P.O. IT
year or more.
Election
,
Staw\
reports
of the $5,565,000
principal amount of Stateand
municipal bonds offered for sale
$5,512,000
by the company 011 May 29—iV.
161, p. 2386—were
awarded as
follows:
To Mercantile-Commerce
Batik
Trust Co., St. Louis:
a
rate bid upon
a
$85,000
be held
Tax
an
June 22.
School District No. 9
(P.O. Forman),
Dakota
Offered—Noble
Bonds
at the
will
voters at
•
Kiowa County,
of
bonds
,
Is.
Rutland Township
Bond
the
Dakota, of Bismarck, as 2Vis—v,»
3, Mountain View), Okla.
161, p. 358—were sold at a price
Bond Sale—The ;$11,000 build¬
of 100.105. Dated Jan. 1, 1945. De¬
ing and furniture bonds offered
nomination $1,000.
These bonds for sale on March 26, were award¬
mature $2,000 on Jan. 1, 1946 to
ed to the Tirst National Bank &
1960.
Net income basis of about
Trust Co., of Oklahoma City, as
accrued
be awarded at the
revenue
and awarded to the Bank of North
1966. Gen. oblig,;
registerable as to principal; un¬
limited tax. Principal and interest
each
works
$8,will
voters' at
011
May 19, 1944,
on
sue
ing to pay par and accrued inter¬
est.
the
to
Springfield, Ore.
City Clerk, received pealed
bids until 10 a.m. on June 1 for
lowest rate of interest and agree¬
Bond Sale Details—The $30,000
-
$4,000,000 road construction bonds
issued for
offering
an
12.
issue of
Bond Issuance Indefinite
Offered—Mary K. Den-
bidder
June
Portland), Ore,
$1,0Q0 in 1948 to 1955. The
next
highest bidder was J. E.
Piersol Bond Co., Oklahoma City.
the
of
voters at
on
Multnomah County
due
to
the
to
election to be held
cently to Calvert & Canfield, of
Oklahoma City. These bonds are
sold
issue
re¬
payment date. The bonds will be
Hazen, N. D.
water
June
on
Molalla, Ore.
$8,000
bonds
exceed¬
dated Aug. 1, 1945.
Easter-
voters
600 fire truck purchase bonds
District, Okla.
furniture bonds was awarded
Bonds
An
-—
Bond Election—An
post-war program.
Canute
Election
election to be held
26.
purchase of $50,000 electric
light bonds. These bonds are due
$7,000 in 1948 to 1953, and $8,000
in 1.954, optional on any interest
These
of
bonds
the
to
'
submitted
be
the voters at the
to
be
election to
an
iss.ue
purchase
election to be held
an
tion
gymnasium-audi¬
June; 5.
on
truck
bridge, storm and sani¬
tary sewers, disposal plant, library
and park improvement bonds will
Kingfisher, Okla
interest, will be submit¬
be held
are
held
r
.
$825,000
improvement bonds will
$335,000
County
ted to the voters at
Rutherford
favor¬
election
•
-
of $47.-
was
Medford, Ore.
the
ing 3%
97-Jv>m
issue
the
submitted
Bond
Ardmore, Okla.
000 semi-annual
and surrender.
election
No.
Election—An
fire
22.
OKLAHOMA
the registered owner or
tion
,of
was
Lebanon, Ore.
Bond
was
mately 0.90 % of the City's deficit
in the general fund this year,
NORTH DAKOTA
torium bonds, to bear not
District
Bonds Voted—An
ney,
Coupons
1945 will be paid upon presenta¬
the
at
000 construction bonds
approved
by the Ohio Taxation Department
and the refunding covers approxi-
Special School
District No. 29 (P.O. Souris), N. D.
Bond Election—An issue of $17,-
ney.
issue
bonds
County, Siuslaw Consolidated
refunding bonds, due 1948 to 1959,
Bottineau
his attor¬
maturing July 1,
Ele¬
O.
(P. O. Florence), Ore. '"'lo
May 24,
the. City Council authorized the
issuance and sale of $412,000 in
City, with Jan. 1, 1946, and
coupons
attached.
Bonds registered as to principal
should be accompanied by a duly
executed assignment in blank of
subsequent
An
—
voted
School
Authorized—On
issue
y.(-
>
May 18.
on
98.42.
Youngstown, Ohio
The
oh
School
Title-Lake
construction
favorably
Lane
deposit accom¬
panying his bid will be returned.
State
County,
$54,000
result
the city purchased $5,000
97.92; $5,000 at 98.375, and $5,-
Bonds
/
Prairie
mentary School District (P.
Klamath Falls), Ore.
1938,
at
District
District No. 32.
held
at
School
Jerome
Klamath
of the call for tenders on May 29
of refunding
bonds of July 1,
000
recently:
3.
22,000
South Euclid, Ohio
a
—
Kerby
No.
noon on
1955,
Purchased—As
were
$37,500
May 31 for the purchase of $17,000
2% school bonds. Dated April 1,
1945,
Denomination
$850.
Due
$850 April and Oct. 1, 1946 to
Bends
The following
amounting to $59.favorably voted at an
en¬
The
to 93.
Hewetson,
Clerk of the Board of Education,
bonds and
purchase the
500,
Voted
bonds
election held
Bond Offering—T. L.
In the event that
prior
to the delivery of the bonds the
income received by private hold¬
ers from bonds of the same type
and character shall be taxable by
the terms of any Federal income
tax
law,
the successful bidder
may, at his election, be relieved
of his
Bonds
Lancaster City School District, Ohio
tive maturities. The bonds will be
awarded to the bidder offering to
(P. O. Grant's Pass), Ore. ''
1957, and $1,000
1958 to 1961.
school
another
for
rates
to 1956, $500 in
in
rate for
and
name
bonds,
the
V.
Call—Lake
Bond
New York
Hanover
Township (P.O.
—
ceases:
Dated July
1965.
Franhlinton), N. C.
Bond
000 in 1949 to 1065. Registerable
as
to principal; general obliga¬
tions; unlimited Tax.
Principal
and
interest
(J-D) payable in
approving opinion of Reed,
Hoyt & Washburn of New York,
will be furnished.. Enclose a cer¬
tified check for $700, payable to
to
be held on July 7.
Franklin
H.
Series B, Nos. 1 to 10, 16, 18 to
26, 30 to 34, 38 to 42, 45 to 81 and
85
Denomination $1,000. Due June 1,
follows: $1,000 in 1948, and $2,-
as
bonds for payment at
election
the
Call—C.
i 6%
tertained.
and 42.
Election—An
Bond
$160,000
Series
school bondsj not exceeding
interest. Dated June 1, 1945.
and
Whitlock,
Town Clerk and Treasurer, has
announced
that
the
following
Town's refunding bonds, amount¬
ing to $97,000, are called for pay¬
ment on July
1, on which date
interest
Cleveland
| for the purchase of $35,000 coupon
maturing on July July 1, 1951.
1, 1971, are called for payment
Maxton, N. C.
on July 1, on which date interest
ceases.
.
These bonds
1945.
1936,
1,
July
2497
and
both of
and E. L. Hardin & Co.,
Winston-Salem, at a price
of 100.01, a net interest cost of
2.8879%, as follows:
CHRONICLE
$100,000
State
at
4%
California
of
welfare
veterans
bonds,
115.64.
Coupon
Dated
Oct.
U5, 1, 1931 and due Feb. 1, \1950.
775,000 Illinois (State of) 3V4%
relief coupon bonds, at. ,109.612. Dated Dec. 15, 1934 and
due
serially
1946 to
Dec. 15 from
inclusive.
j;V,"
on
1950
Illinois (State of) ,4%
highway
coupon
bonds, at
116.395.
Dated March 1, 1925
200,000
.
and
due
serially
from 1946 to 1965
on
March 1
inclusive.
200,000 Oregon State Aid 4^%
bonds, at 115.28.
The total
consists of $175,000 series No.
1, dated Feb.
1, 1922, matur¬
ing April 1, 1949, and $25,000
series No. 3, dated March ,1,
1923. and due
April 1, 1949.
Iowa 4%
purifying
plant coupon bonds, at 116.042., Dated Jan. 1, 1943, and
due serially on Dec. 15 from
138,000 Cedar Rapids,
sewer
outlet and
1946 to 1953.
;
-
Note
261,000 N'a?hville, Tenn.,/4%%
waterworks improvement of
bonds for
1
welfare
veterans
coupon
Dated June
and due serially on
bonds* at 116.065.
'
1931,
1,
Cal., 4V2% har¬
issue of
bonds, at 134,-
■160,000 Oakland,
1925,
coupon
295.-
Dated July 1,
serially
due
1 Qfii
ious
1926, and
July 1 from
on
IQ'SQ
fn
Va., 4V2% var¬
coupon bonds,
1924,
60,000 Richmond,
purposes
139.885. Dated Jan. 1,
at
due on Jan.
and
1, 1958.
Roanoke,
Va., .2%%
system "WW" coupon
bonds,
at
124.655.
Dated
April 15, 1938, and due ser¬
ially on April 15 from 1963
300,000
water
to
1965.
the
To
1969.
p
improvement,
bor
v
Philadelphia,
at
116.9184.
The
bonds are described as follows:
Due
bonds.
refunding
314%
$853,000
optional in 1955.
in 1965,
1,435,000 series P, 3V4% refund¬
ing bonds. Due in 1970, op¬
Louisville:
$200,000 North Carolina (State of)
414% park coupon bonds, at
132.432.
Dated April 1, 1930,
and due serially on April 1
from 1954 to 1957.
highest respon¬
to approval
of the authorizing proceedings by
the Department of Internal Af¬
fairs. No bid for less than par and
tional in 1956.
1957.
<
,
.
1,343,000 3%% refunding bonds.
Due in 1965, optional in 1957.
Shields & Co., Spencer Trask
Coffin & Burr, and Har¬
iris, Hall & Co., jointly: I
To
& Co.,
interest
accrued
for less than
or
accepted.
all of the bonds will be
In the event that
prior to the de¬
livery of the bonds the income re¬
ceived
holders from
and char¬
private
by
acter
shall
terms
of any
the
by
taxable
be
due Oct.
Hillsborough
County,
N.
H., 3% funding coupon
bonds,
at • 119.955.
Dated
Sept. 1, 1937 and due serially
011 Sept. 1 from 1951 to 1957
,
r
To Guaranty
Trust Co., New
Poole
&
Schmidt,
York,
Co.,
Louisville,
$200,000
hospital
•C
Ky.,. 4}/z%
at 121.418.
1951.
to
reject
deliver- said
pur¬
J.,
N.
County,
Mercer
road, bridge and county
building
coupon
bonds, at
4%
'
Dated
115.79.
<
Nov.
and due $75,000 Nov.
,
Co., Chicago:
Northern Trust
$300,000 Milwaukee County, Wis.,
4%: metropolitan sewer cou¬
bonds, at 123.578. Dated
1, 1933 and due Oct. 1
follows:
$60,000,
1951;
pon
Oct.
as
/
$185,000, 1952; $55,000 in
1953.
67,000 Nashville, Tenn., 3% mar¬
construction
ket
coupon
bonds, at 114.067. Dated July
1, 1935 and due serially on
July 1 from 1949 to 1954 incl.
To
Union
Commerce
of
Bank
Nashville:
4% %
Tenn.,
Nashville,
$55,000
water works improvement of
V
C
series
1924
coupon
bonds,
at 126.644. Dated July 1. 1927
and due $45,000 July 1, 1953
,
and $10,000
1922
due serially
and
on
Feb, 1 from 1946 to 1950 incl.
To
Bankers Trust
Co. New York:
$85,000 Richmond, Va., 4V2% various
purposes
bonds,
at
145.194.
Dated
Jan.
1, 1926
and due Jan. 1, 1960.
■
Trust
Bankers
To
Co.
of
New
York, and Brown-Brothers Harriman &Co.,
jointly;
$1,000,000 St. Louis, Mo., 2%%
public buildings and improve¬
ment refunding coupon bonds,
at 113.59.
Dated May 1, 1936
?
and due
To
May 1, 1952.
Co.,
Francisco, Weeden &
Heller,
Bruce
&
Co.,
San
If. Moulton
)!.
rill
Lynch,
Beane,
& Co., and Mer¬
Pierce,
Fenner
$130,000 Sacramento, Calif., 3%%
refunding "A" and "B" cou¬
pon bonds, at 127.646. Dated
July 1, 1934 and due $30,000
July 1, 1955 and $70,000 July
L.
1, IU5S.
as
the
by
National
First
Bank
Moncure, Biddle & Co.,
Ropes,
Blyth & Co.,
Rugg
Mellon Securities Corp.,
First National Bank of Boston, or
at
bidder, Peabody & Co., and
Best, Coolidge &
Boston. Payable at the
Gray,
of
Central
the
Hanover
National City
•
Blodget, Inc.,
Mercantile-Commerce Bank
& Trust Co., St.
Louis
i
.
South Carolina
Details
of about 0.986%—v.
Singer, Deane & Scribner,
Moore, Leonard & Lynch,
also
116.05
Notice
Fidelity-Philadelphia Trust
Co., trustee, is giving notice that
pursuant to the terms of the Trust
Agreement dated as of May 1,
1939, between C. Smith and it¬
self, a total of $545,000 par value
Philadelphia Gas Revenue Trust
been
drawn for
redemption through the operation
Sinking Fund and will be
redeemed on July 1, by the said
trust company
at 103% of the
of the
principal amount thereof and ac¬
crued interest to July 1, 1945, (in
the amount of $5.8333 per $1,000
trust certificate), upon presenta¬
tion and surrender, with all cou¬
after Nov. 1,
pons
maturing
on or
1945
attached
thereto.
being redeemed range from
to 39,350, each of $1,000
The
cates
on
amount.
will
July
1,
cease
to
Ross
These
certifi¬
bear
interest
1945.
Pennsylvania
Offering—Wade
p.
sealed
Bank,
Winner,
been
approved
Mer¬
Portland,
Bank
&
Trust
SOUTH
DAKOTA
Dallas County,
Pleasant Mount
Independent School District
(P.O. Dallas), Tex.
Bids
Bond
Rejected—All
received in regard to the
of the $80,000
May 23,
bids
sealed
ceive
the
for
Education
of
Board
the
until
June
re¬
4,
of $78,000 re¬
at not exceeding
purchase
funding bonds,
5%
interest.
These
dated
will
May
bonds
Jackson, Tenn.
F. Graves,
City
payment on
July 1, the City's series A, elec¬
tric
system
revenue
refunding
Nos.
bonds
on
Jan. 1, 1953
904, maturing on
888 to
Nos.
Nos.
and
878
to
850
maturing
884 to 887
and
for
calls
Recorder,
1954. Holders of said bonds
requested to forward them
the1; Chemical Bank & Trust
Jan. 1,
are
to
Co., New York City, the paying
agent, on or before date called,
011
which date they will be re¬
deemed ,at the prinicpal amount
accrued
interest
to
thereof
and
July
3%.
1945, plus a premium of
1,
Interest
ceases
date
on
Indefinite—The
Issuance
Sligo Independent
Offering—O.
Bond
son,
sealed
until
bids
7:30
P.M.
on
has anhounced that he will
ees,
until
bids
sealed
receive
8
p.m.
for the purchase of
$48,000 school house bonds, at
not exceeding 2% interest.
Date
June
15, 1945.
Denom. ; $1,000.
June
on
Due
June
1946
in
8,
15,
follows: $9,000
as
1947, and $10,000 in
and
Principal and inter¬
payable at the place
1948 to'1950.
est
(J-O)
It is
preferred by the purchaser.
Trustees
to
sell the
bonds at the
will
that
cost
interest
lowest
of
Board
the
of
intention
the
price of approximately,
but not less than, par and accrued
interest. Bidders are required to.
name
the rate or combination of
two rates with their bid whcih
bring
a
accrued inter¬
is nearest par and
est.
Any rate or
rates named
multiples of Vs of 1%.
must be in
Alternate
sidered
proposals
bonds
on
will be con¬
option
with
date.
District
The
will
of
their
redemption at any time after
furnish
has
of
(State of)
to Study Constitu¬
Committee
appointed a seven-man com¬
mittee to study the present consti¬
tution of the Commonwealth and
make
to
recommendations
such
changes
The
committee
make
of
the
deemed
for
desirable.
is
expected
to
report to the 1947 session
a
Legislature. The constitu¬
unchanged since its
Trenton,
body
<high
161,
the
to
Bank & Trust
a
May 28
on
2387—were awarded
p.
Union
Planters
National
Co., of Memphis, at
net interest cost of
follows:
For
1.40%
4s, and $130,000 maturing on June
1, $5,000 in 1953 to 1955, $10,000
in
1956 and
purchaser
antici¬
designated by the
It is
without cost to him.
delivery can be ef¬
fected before July 15, 1945.
En¬
close a certified check for $960,
that
pated
payable to the District.
George
Rotan Company
Houston), Tex.
V.
V.
receive
1957, $20,000 in 1958,
June 11 for the
and
interest.
(P>Q*
agents, /the
Offering—As
George
Company, win
bids
until noon
Rotan
sealed
6, at its
Houston
purchase of 0*
mutual
bonds,
(Houston time), on June
office, at 806 Rusk Ave.,
Tex., for
2,
lots
of
the
Texas 1
amounting to $956,000.
$30,000 maturing
June 1, 1947 to 1952, as
on
Chapman & Cutler, of Chicago,
will deliver the bonds to the
and
bank
Bond
$160,000 Peaschool
gymnasium
bonds offered for sale
v.
the
Tenn.
Sale —The
Bond
$5,000
Thomp¬
City Treasurer, will receive
Allega,
T.
the Board of Trust¬
of
President
tion—Governor James N. McCord
as
L.
Tex
Offering—S.
Bond
printed bonds, a copy of the
proceedings, the approving opin¬
ion of J. P. Gibson, of Austin, or
Tennesee
par,
1945.
1,
school
Dated June
1, 1945. These bonds are due on
June 1, as follows: $1,500 in 1946,
$2,000 in 1947 to 1951, $2,500 in
1952 to 1956, $3,500 in 1957 and
Denver City^
Call—B.
Bond
are
Howard, S. D.
bids
offering
Bond Election—An issue of $1,-
adoption in 1870.
Edgemont Independnt School
District No. 27, S. D.
Bond
Offering—The Clerk of
to
as
legality by W. P. Dumas, of Dal¬
las.
Dated May 1, 1945.
500,000 revenue bonds will be
submitted' to the votefs at the
election to be held onJune 12.
tion has been
Goose
Creek
Independent
District,
Voted—An
Bonds
School
Texas
issue
of $E~
500,000
construction bonds
favorably voted at the electioi
nation $1,000. Interest J-D.
purchase of $8,000
airport bonds, not exceeding 3%
Dated
July t. 1,
1945.
Denomination $1,000. These bonds
are due $1,000 on Jan.
1, 1947 to
and
election
were
held
authorized
on
April
at
$25,000 in 1980 to 1962, as
l%s. Dated June 1, 1945. Denomi¬
County
Andrews
Independent
School District No. 58 (P.O.
Bond
$35,000
interest
Election—An
Bond
000
Wall), S. D.
1944,
issue
of
on
May 26.
Graver, Tex.
the
17.
held
Bonds Sold
TEXAS
County (P.O. Andrews),
1
Sale
%%
road
Details—The
semi-annual
bonds
N. Burt & Co. of
series of 1945,
—
The
$19,000 4%
refunding
bonds of¬
fered for sale recently were
Texas
Pennington
Secretary of the Board of Com¬
missioners, will
receive sealed
bids until 8 p.m. (EWT) on June
18, for the purchase of $60,000
$349,000 series
numerical order on
inverse
30
2386—
bid:
Co., St. Louis, City National Bank
& Trust Co., Kansas City, Newman, Brown & Co., Trust Co. of
Georgia, Atlanta, Whitney
Na¬
tional
Bank, New Orleans, and
Stroud
&
Co., jointly, for IV4S,
at a price of 100.838.
1954
Township (P.O. Perrysville),
Bond
161,
Improve¬
days' prior notice. The approv¬
ing opinion of Austin & Lovfe,
of Watertown, will be furnished.
their
Bond
num¬
37,803
Water
5, for
% re¬ 1958, $4,000 in 1959 to 1969, and
Dated $5,000 in 1970. Approved as to
June 1, 1945.
Denomination $500. legality, by W. P. Dumas, of
Due $500 June 1, 1947, 1949, 1951
Dallas.
I
' ■
and 1953. Subject to redemption
Denton, Texas
on
any interest payment date in
following
cantile-Commerce
Redemption
Brekke,
Clerk, will receive
bids until 8 P.M. on June
the purchase of $2,000 2 V2
funding and funding bonds.
The
Northern Trust Co., Chicago, First
Kan, Taylor & Co.,
have
the
received
National
jointly, for $5,000,000
(all or none)
Wallace, S. D.
Offering—P. O.
Bond
Town
Nashville, Tenn.
—
oi
bonds, were rejected.
called.
(State of)
Sale
Butcher & Sherrerd,
and
has
bonds
on
cellation.
City Clerk has announced that no
$4,000,000 state highway certifi¬ specified date has been given, as
cates of indebtedness offered for
>et, for a referendum to submit
sale on May 22 and awarded to to the voters the
$1,500,000 school
the syndicate headed by the Na¬ construction and
remodeling
tional City Bank of New York,
bonds, authorized by the Legisla¬
as Is, at a price of 100.077, a basis
ture in March.
York,
Halsey, Stuart & Co.,
Stone & Webster and
principal
&
New York City.
Certificate
Bank,
a
refunded are sur¬
payment and can¬
for
rendered
SOUTH CAROLINA
jointly, for $5,000,000
(all or none)
__116.117
certificates
Bank
Corp.,
First Boston
New
Boston, under advice of
of
Trust Co.,
&
jointly:
thenticated
validity
bers
V-
Rlyth & Co., American Trust
Co.,
Other bidders were:
notes will be au¬
to genuineness and
Said
1945.
23,
Lehman Bros.,
—The
$186,000 Pittsburgh School Dis¬
trict,
Pa.,
4.30%
coupon
bonds, at 109.536. Dated Feb.
1,
$5,000,000___116.1592
Certificate
in 1954.
Pressprich & Co.:
To R. W.
Dougherty & Co.,
Pittsburgh,
$50,000 in 1950.
and
To
1, 1930
1, 1949,
,
and
jointly for
for the purchase of $300,000
tax
anticipation 110i.es. Denomi¬
nations $25,000, $10,000 and $5,000.
Dated June 6, 1945. Due on Nov.
urer,
Pressprich & Co.,
when
and
as
of bonds being
.ISLAND
by William A. Lrown, City Treas¬
Equitable Securities Corp.,
of
District No. 1 (P.O.
School District,
Cranston, R. I.
Offering—Sealed bids will
be received until noon on June 5,
Harris Trust & Savs. Bank,
if,
and all
bonds
like amount
any
TENNESSEE
Note
Chemical Bank & Trust Co.,
R. W.
general election
bids
in November.
RHODE
Bankers Trust Co.,
A. Webster
'
National Bank:
Chase
$125,000'
?
1, 1911 and due
Dated March
March 1,
To
bonds,
the voters at the
reserves
to
Election Planned—An is¬
to be held
Education
and
of post-war public improve¬
ment bonds will be submitted to
follows:
Northern Trust Co.,
jointly: :./«'<
■
The next highest bidder was as
Chase National Bank,
inch
?aftd
:
bonds.
refunding
1975, optional in 1962.
Due in
and
considered
be
of
right
of Burgwin,
Scully & Churchill, of Pittsburgh,
that the bonds are valid, general
obligations of the Township. En¬
Bond
will
the
sue
314%
723,000
$id0,000
1966, optional
in
1958.
in
Stuart & Co.,
Halsey,
T6
Due
bonds.
1, 1962.
date thereafter. No
and accrued
Board
250,000 series L, 3%% refunding close a certified check for $1,5G0,
bonds. Due in 1966, optional
payable to the Township.
$5.0,000'Boston Metropolitan Dis%
in 1958.
triQt, Mass., 2%% bonds, at
0;%/
Tarentitm, Pa.
50,000 series N, 3y8% refunding
123.042. Dated Oct. 1, 1937 and
■"
County
Bonds Sold—The
the
opinion
the
charge
Independent School
interest
interest
without
receive
will
chaser
The
McCall
(Brownsville), Tex.
bid for less than par
Federal income tax
returned.
D.
'
Cameron
'
year*
Dallas.
District, S. D.
any
the successful bidder may,
at his election, be relieved of his
obligation under the contract to
purchase the bonds and in such
case the deposit accompanying his
be
John
by
5
Legality an'
Bond
law,
will
proved
in
15, 1944.
Offering—LUella D. Van of 1945, refunding bonds offered
Dusen, Clerk of the Board of for sale recently were awarded to
Education, will receive sealed bids the Ranson-Davidson Co., of San
until 8 P.M. on June 5, for the Antonio, as 23/4S and 3V2s. Dated
purchase of $110,000 refunding April 1, 1945. Legality approved
bonds, at not exceeding 1%% in¬ by McCall, Parkhurst & Crowe'
terest.
Dated June *.1, 1945. Due of Dallas.
Jan. 1, as follows: $10,000 in 1947
Collin County (P.O. McKinney)
to
1951, and $12,000 in 1952 to
Texis
>
1956.
Bonds maturing after Jan.
Legality Approved—An issue of
1, 1951, to be callable at par and
iy2%
road
refunding
accrued interest on said date and $22,000
bonds of the same type
bid
:364,000 series J, 3Vs% refunding
bonds. Due in 1968, optional
subject
bidder
sible
optional
are
ment
.
principal and interest are
payable without deduction for any
taxes (except gift, succession or
inheritance taxes) .levied pursu¬
ant to any present or future law
of the Commonwealth. The bonds
The
and
Dated Dec.
years.
Rapid City
bonds.
for all of the
same
17
of 1% and must
*4
multiples of
and will be
will be sold to the
Sale—The $5,000,000 va¬
rious City bonds offered for sale
on May 26—v. 161, p. 2276—were
awarded to a syndicate composed
of Smith, Barney & Co., of New
York, Harriman Ripley & Co.,
Inc., Yarnall & Co., of Philadel¬
phia, Blair & Co., Inc., W. H. Newbold's Son & Co., Stroud & Co.,
and E. H. Rollins & Son, all of
Bond
Liberty National Bank &
Trust Co.,
.
Philadelphia, Pa.
;
1975.
be the
registered bonds, dated March
1, 1921- and due March- 1,
1949 to 1952.
from
1
June
1, 1965.
10,000 New York (State of) Loan
for Acquisition of Land for
State
Forest
Reserve; 5%
of) 4%
and retiring
'$1,000.
1950,
held
will be
paying
outstanding warrants,
due in not more than
These bonds
issued for the purpose of
19.
June
on
Due $10,000 July 1,
1955, 1960, 1965, 1970 and
Rate of interest to be in
tion
election to be
at the
voters
Denomina¬
1945.
Dated July 1,
'■
due Jan.
Corp.:
Boston
First
the
$400,000 California (State
general obligation coupon bonds,
at not exceeding 3% interest.
$43,000 New York (State of) 4V4%
improvement
registered
bonds. Dated Jan. 1, 1915 and
1946
from
To
Sept.
serially on
to 1952.
due
and
the
which all bids were re¬
jected:
1924, series B, coupon bonds,
at 116.509. Dated Sept. 1, 1925,
•
following are
The
—
Monday, June 4, 1945
CHRONICLE
& FINANCIAL
THE COMMERCIAL
2498
$260,-
series
awarded
to
of
chased
ment
Co.,
C.
Dallas, and Russ
10,
1945.
bonds
not exceeding 3% & Co. of San Antonio, jointly—v. McCall,
will be submitted to the1 161, p. 1039—mature in. 10
years, Dallas.
Pur"
Invest¬
of Wichita. Dated March
Legality approved by
by the Rittenoure
Parkhurst
-
-
Crowe, 0
&
*
h
Number 4391
161
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Lone
Oak, Texas
•
Call—Martha G. Hooker,
Bond
Treasurer, has
announced
series of 1940, refunding
bonds, Nes. 1 to 83, dated July
City
that 4%
1, 1940, in denomination of $500
each, amounting to $41,500, are
called
for payment on July 1,
bonds are payable at the
Citizens National Bank, Green¬
ville (successor to the Lone Oak
State Bank, Lone Oak). For con¬
venience of holders, arrangements
have been made to take up these
bonds
at
the Capital
National
Said
Austin,
Bank,
where
they
may
presented on said date at the
option of the holders.
Interest
be
date called.
on
ceases
for
offered
awarded
$200,000
bonds
revenue
sale
recently
to
Rauscher, Pierce &
Co. of San Antonio, as 2V4S and
2V?.s—v. 161, p.
1822 are dated
April 1, 1945, and approved as
to
legality by John D. McCall,
.
Refunding
On May 14
—
City Council voted to refund
$75,000 water revenue
issue of
an
State
and
operations. Financing in the latter category footed
Among the principal offerings during the month
the
Los
Angeles
Department
of
bonds at l3/4%.
and
the successful
bidder
Forgan & Co., New York.
evidence
market
was
and
of the
be
may
Pa.,
West
has
pur¬
by Glore,
accepted bid provided
San Antonio,
Sale
Course
purchase
for
offered
v.
Equally impressive was the
agency.
made,
for
of $1,500,000
of
example,
20-year
the
serials
the
was
roads,
due
effected
long-term
during the period.
disposal
at
net
a
by
Luzerne
sale
April
on
24—
M.
p.
June
Dated
Denomina¬
tion $1,000. Principal and interest
16,
1945.
Treasurer's
ofifce. or at the fiscal agency of
the City in New York City.
payable
"
T ex as
of
Text
of
gave
Legislation—In
28,
May
2387,
page
our
placement by the State of
1946-1970,
borrowing,
at
which
on
cost of
net
a
the State
previous low of
the
1.05%
$1,000,000 issue last January.
a
recent
of the
considerable
litiga¬
tion occasioned
cisions
by the several de¬
the
Texas
Supreme
of
Court, principally in the case of
Cochran County, relative to the
Tight of counties to redeem bonds
advance
in
of
gardless of
Portfolio offerings by private institutions and public trust funds
continues
an
outstanding
feature
of
have
to
prove
largely in
been
the
the
most
market.
Such
However, the month of May will
productive
period
for
such
awards,
of the John Hancock Mutual Life Insurance
consequence
Co., Boston, award of $29,471,000 various State and municipal bonds.
or not such
specifically re¬
was
when
issue
the
This information
able
Frank J.
by
sold.
was
made avail¬
was
Core of
B. V.
Christie & Co., Houston, who also
directed
attention
the adverse
to
Bulk of the unsold bonds consisted of New
York
The
opinion rendered by the Texas
Attorney General with respect to
constitutionality of part of so-
legislation. The
opinion is given
Pension and
ers
One
ATTORNEY
THE
GROVER
they reflect
of
sios
"Section
Bill
House
:
,
1:
That
113
are
"
Article
720,
Chapter 2, Title 22, Revised Civil
Statutes of 1925, be and the same
amended so as to here¬
provide as follows:
'Article 720. All bonds issued
is hereby
under
not
chapter shall mature
than forty years from
this
later
date, and, in the discretion
the commissioners court, may
Durango,
1591
Eagle
1595
EaU
1595
Eau
Ecorse
Okla.
—
Ind.
S.
Wis.———
Fort
D.
Pierce,
Franklin
Freeport,
1930
Fulton,
S.
D.
No.
d234,000
100.19
1.0904
1946-1948
39.000
101.285
1.77
1949-1950
26.000
101.285
—
Gay lord,
Glenville,
—:
3,
rl.969,000
Ohio—
1'4
1946-1970
278,000
1950-1965
d250,000
2
Minn.
1822
Gunter
Rural
1819
Harlowton.
1821
Haskell,
1591
Henderson,
1822
Hereford,
1930
Hillsborough
and also stated
bonds.'
That there shall be
Y
...
S.
D.
Digitized forI FRASER
1.22
2.23
100
2.00
S.
D.,
100.42
1.05
dSO.OOO
100.26
1.214
14.000
100
—v
1946-1965
100.01
1.99
r4.000
102.50
2.79
1952-1966
Texas.— .3
300,000
(2
2.79
Ky.
2-l,.'a
Texas
Holding,
Minn.
Howard
County,
Indianapolis School
1818
Kanabec
1711
Karnes
Minn.
r60,000
40,000
„—
r42,000
1947-1961
100.19
1.58
35,000
1.07
100.248
100.015
162,000
1946-1955
—
1.66
——_
100
dl50,000
1-10 years
1946-1965
Ind—0.75
City,
££*£..
1960
1.10
—.1
Tex.—-
100.11
30,000
——
Fla...1.60
Co.,
1709
1711
102.50
22,035
1948-1962
issues)—.2
—— —
rdl9,500
„—.■■■
1946-1951
Mont.
Okla,
d85,000
1948-1957
1946-1951
75,000
—i
0.737
100.13
—.
—
2'.4
1-20 years
r25,000
1712
King County S. D. No. 414, Wash.l'4
1947-1960
d200,000
100.68
1.174
2049
Kingston,
issues)— 0.75
1946-1959
84,500
100,10
0.73
Krain;
1.20
1947-1964
45,000
100.07 i
1.19
.1.20
1946-1948
.1'4
City
Indep.
N.
Y.
Minn.
D..
S.
(2
—
1820
Larchmont,
Lincoln
Little
1932
Little Falls Ind, S.
Long
1816
Los
Angeles,
Calif..——
5
3
Y.
N.
Co.,
Falls
6,000
100.11
1946-1955
36,000
100.14
1.22
1946-1951
30,000
100.01
0.89
D., Minn—IV4-I
1947-1964
300,000
100.39
1.05
——Various
1946-1955
1946
4,550,000
rd545,000
100.02
0.68
100
0.93
1947
1948-1951
1952-1954
rd555,000
100
0.93
rd2,435,000
100
0.93
rd2,240,000
100
0.93
1955-1957
1958-1959
rd2.400.000
rdl.475,000
100
0.93
100
0.93
1947-1956
1947-1965
1946-1975
20,000
101.10
1.35
1.500,000
100.91
100
0.91
—
D„
S.
Cal
Beach,
J
N.
Calif.......
1816
Los
1929
Los
Angeles, Calif—
Angeles Co., Baldwin
D„ Cal.
To
observers
some
part of the sellers in
the
on
the
1
$39,789,000
of
Luzerne
County,
McAllen,
municipal
borrowing
housing authorities.
Among
other
Mangum,
2051
sold
to
Okla.
issue of $5,000,000
an
——
Milford,
1818
MiltOn,
1822
Mission,
2051
Monagans, Texas
Moore
Co.,
Sclma
Texas
reports
municipal
bonds in April.
developments
bearing
regarding
hand
to
came
the month were
interest in
01' primary
the
on
sale of any Canadian
the
0.50
2*/-»-2>
.j——
a
of
Province
debt
Alberta
refunding
Mount
2157
National
Park,
N.
J
2157
National
Park,
N.
NOW
—1>4
Olyphant, Pa.
—3 '4
New Philadelphia S. D., Pa
3L
North Bergen Twp., N. J.. _.2n,i-2V:»
North
Hempstead,
Manhasset
Lakeville Water District—0.90
2050
situation.
Rumors that the government
had
Committee
reached
supersede that offered
agreement
in
March
and the Alberta Bondholders
of
terms
on
by
offer,
new
a
to
2050
2049
1710
Premier E. C. Manning, were
Britain,
New
v
in
given
was
upon
and terms of the
of the nature
account
the
"Chronicle'^ of May 21,
2276.
was
It
April.
was
borrowing effected during
United States Possession
no
announced
May 3 that an issue of $5,000,000 Puerto
on
electric
bonds had been sold
revenue
the Bank
semi-private sale to Doyle, O'Connor & Co., Chicago, and
is
1932
Pass
1936
Perryton, Texas
Port of
S.
1944
$
$
>
The Dalles,
Rankin
Raymondville Ind. S.
1934
Rensselaer.
D..
Richland
1934
Rocky,
1592
St.
1590
San
Parish,
San
H.
s
SCardsdale,
S.
16.699,200
22,647.568
59,702.347
100.974,538
1932
Sleepy
22,075,009
112,860,736
91.010,499
1593
Southern
None
850,000
1935
N.
Springdale
None
•
in
Placed
U.
210.000
5,500.000
None
Canada--—
in
Placed
S.'—None
87.632,535
Total
'Includes $997,503,000 Victory
New
York
in April
None
City:
Y.
Pines,
N.
1.3776!)
100.444
0.768
1%.
1946-1955
55,000
10.1.13
1946-1950
85,000
100.03
1951-1965
455.000
four months
for
a
1'4
Con.
S.
134
—
100.41
100.25
1946-1954
rd41,000
33.000
.1.^ •
1946-1971
dl75.000
1950-1954
1T6.OOO
.4---r 125.000
1711
1947-1965
400,000
1936
1946-1970
2,000,000
1931
1946-1970
550,000
2051
Winkler Co..
Texas..—
.—
700.000
1593
Winston-Salem, N. C——
l'A-lVa
1969-1973
r74.000
1593
Winston-Salem, N. C
.....1'»-l'4
1963-1973
M24.000
Total
bond
sales
for
April
(104
municipalities
100.06
100
4-...:
100.112
100.13,•
103.17 r
1.99
1.25
100.12
100.12
1.3958
1.3958
Texarkana,
Texas
Chichester Twp.,
2157
Union
Beach,
1712
Van
2048
Warren
Walnut
1935
Washington
1944
1943
I
_
1940-I-I-li—-i
1939
1938
113, re¬
_
In the
April
•4 Months
116.648,264
1937
—
4 Months
$83,973,804
$393,535,910
Ind.
S.
and
Warren
W
N.
D.,
Con.
Grove
Ore.
D.,
2Va
Pa...... 1«.'»
J...
Texas—
I'm
Sterling
Twps.,
S. D., 1. Mich,.
Township, III. ..-
Co.,
West
1936..
_
178.789,672
1935—
269,317,923
1934
1933_
415,998,952
1932—
352,006,264
1931———
271,393,367
1930—:
following we list all of the
—
—
400,695,931
156,078,031
456,999,703
106,389,422
.•
...2
„
1818
Water
Waynesboro, Miss. .....
'
3
Weakley County, Tcnn.———1'4
West
(State of)
—
2Mi-l
Virginia
Winchester, Ky.
2
324,655,336
10,899,995
78,235,058
69,637.025
105.974.805
555,578,394
—1 152,194,970
covering
352.340,849
113
Miss. —1 '4
separate
*
.
—.
1.15
—.
.
...
issues)
1.24
0.90
1.69
—
—-
84,558,867
...
_
—>—
Slope
1932
Valley,
— -
rd351.000
—
409,138,396
22,647.568
59,702,347
100,974,538
75.745.615
75,058,037
50,053,658
2,
Texas
Upper
$359,762,022
w.
1.237
101.29
r331,000
80,000
2'm
Texarkana,
April
0.46
1948-1970
1946-1955
Texas
1595
$49,843,535
16,669.200
1945
1.37
100.03
102.51
100.10
100
100.031
rd316.000
40,000
Texaikana,
.
"1.37
rd209.000
2
For the
1.634
<■'£*'-
1955-1957
1958-1961
1962-1965
1946-1955
Texas
Month of
...
27,000
rd246.000
rd319.000
Mo. 2Vi
Texas
Texarkana,
1595
For the
2,10
1948-1951
1946-1949
1950-1954
Co.
D.
Texarkana,
series of years:
Month of
1951-1981
r2.919,000
1946-1950
27,000
1947-1960
d350,000
1947-1958
12,000
—~rSl.OOO
—
Pa.
Stoddard
table, showing
April and for the
9,000
>u
1*4
C
D„
S.
2050
long-term domestic issues for
aggregate of
1.138
1.49
1932
comparative purposes we add the following
For
the
101.188
100.05
1595
This contrasts with 113-135 for March.
spectively.
—
100.014
1595
issues made during April were 104 and
number of separate
—
r
350,000
None
municipalities emitting permanent bonds and the
The number of
75,000
.
'w.4
^10,000
various
0.50
Minn..
Eye,
1,180,269,283 193,158,459
46,260,868
r20,000
135,000
1946-1960
1948-1954
1946-1948
—
ilncludes temporary securities issued by
lo44, 1943, 1942 and 1941.
75,083,200
'
Vh+V/<
....l'/a
323,422
Loon sales,
1945,
—
—
—
None
1,538.300
None
0.892
—
1,007,706,203
(permanent):
Canadian loans
2.56
100.069
45,500
Fla.
52,674,000
None
100.01
40,000
Union
Calif.-.-.—
D.,
37,789,000
None
100
1.227
3.25
1
Sarasota,
49,843.535
Possessions.-
S.
0.654
100.35.:
1945-1948
.....
1334
&
—
100.299
San Diego Co., Sweetwater
H.
'
—
....
Valley
Cajon
Calif.
1817
1941
'
—„
10,000
1946-1959
1948-1965
Diego Co., Sweetwater Union
S. D., Calif..
.4'1
S.)_
<U.
D„
r
k$49,843,535
:
469,024,905
—
*
d
States
k Not including $39,789,000 temporary loans or funds obtained by
municipalities from agencies of the Federal Government, r Refunding bonds.
Optional,
and
CANADIAN
domestic issues put out during
MUNICIPAL
ISSUES
SOLD
IN
APRIL
Page
April:
No.
1821
1930
Asotin
Dist.,
Ohio
Ohio
———
—
—*
1
><■
Amount
Price
1946-1955
Rate
Name
$22,000
100.42
1946-1955
5,500
100.36
Maturity
County.
111.
———
1
—-—
1947-1965
1946-1955
Rate
Name
No.
Page
Amount
Maturity
*$260,000,000
1823
Canada
(Dominion
of)
1823
Basis
Canada
(Dominion
of)—
1823
Canada
(Dominion
of)—!
'
/—
100,000
101.25
7,000
100.08
0.98
—
— -
........
°
*63.000.000
*65,000.000
—
1.38
680,000
•
—-
1946-1965
Minn
Co.,
s.
3.00
0.75
—
...
Park,
Diego
—,
D., Texas
La..^„..
Okla.
Louis
—.
-I'm
Pa.
Y.__
N.
— -
^
100*
20,000
Ore
1822
1708
S.
160,000
500,000
-
MiiS—
..w.
1946-1962
3
1%
D
0.45
200,000
rd5,534,000
2Va
Christian,
loans (U. S.)
loans
fTemporary
D„ S.
0.413
100.13
1961-1967
Texas
S.
1816
1942
1913
$
D..
Ind.
1711
the various
table below of all
the
1945
Permanent
Onida
1816
in
given
in April in the last five years:
securities placed
Odessa
1935
Union
Puerto Rico.
comparison
0.70
—
Iowa.
1710
agreed
Full
—
conn.
Hampton,
1936
confirmed.
recently
Texas
D.,
2.22
100.26
49,000
1945-1969
283,000
—28,000
1946-1965
r 16,000
1945-1965
rl79,000
1945-1966
141,000
1947-1956
100,000
—- —
10,000
1946-1955
51,000
1945-1959
75,000
J.
1707
1591
S.
'
101.82
75.000
———
3
2-2'm
(5 issues)
Texas..
Ind.
100
r2,200,000
1946-1950
1946-1950
0.50
.
1936
No
1968
—.-2.30
issues)..
(2
2.81
100,000
" 60,000
Commis¬
Conn.
Mass.
605,000
.
1950-1961
....
Mich.
sion.
notes.
i
l'/a
—.1
.2,.2-23»
1931
1.14
Park
Pa
Co., Tenn.-.
Michigan State Bridge
grand
the
0.75
......
Meigs
notes by various
contributors
total Was the City of Boston, Mass., which
negotiated
1
Texas
1821
temporary
0.75
—_
—
1710
101.248
0.90
—
Miss
Twp.
1936
local
Tex.
Angeles,
1712
(Continued on page 2500)
—
,
1948-1965
t
D., Texas 2
Los
Clarkson S. D.
No.
250, Wash
——I'z
Athens, Ohio
1
Bloomington
Normal
Sanitary
2, Title 22,
of 1925,
103
100.31
100.197
Fire
Texas
1816
Ashland,
Statutes
27,000
—_
——1
Calif..
Ashland.
added to said Chapter
1.27
1.10
Prairie Free S.
Co.,
—a
100.01
1'
——.
Glehville
N.
Rural
—J.'
'
30,000
2'4
East
Dist.
rd300,000
1.77
.
15,000
1945-1964
^
■■
30,000
—_
Gaylord, 'Minn.
1933.
1
11.
—various
S. <D„
1592
Gimtcr
■
1956-1961
—
Grand
1.0904
1948-1955
111.
1822
1.00
100.19
3'a
Texas
1935
100
d236,000
—3L-4
Fla.—-
Twp.
No.
30,000
140,000
1946-1955
...1
...
'
1711
1948-1953
11,
No.
Texas
Brick, Okla.
Ferndftle, Mich,
Firebaugh, Calif.
2045
1.07
„„!Va
S.
Township
Mich.
i
100.27
1948-1964
1.40
—
Edcouch,
225,000
:
60,000
.
Township
Ecorse
'
—„
Iowa—1
D„
Wis
Claire.
1947-1962
0.75-1
.
__
Colo.
Claire,
1592
'»
No.
1.10
Grove
1935
1931
D.
*
Mich.
1821
S.
Calif..
1821
Civil
Duncan,
1929
2.20
Con.
Calif...—
1821
Revised
Minn.
2.54
100.13
101.51
Angeles,
of the bonds,
"Section 2:
2,
Ind.
100.004
d75.000
Angeles,
the face of the
ance
in
1818
800.000
r2,400.000
Angeles,
April included the marketing of $23,402,000 of
194l"
optional on any interest
date as the court may
direct, and such option of re¬
demption, if reserved, shall be
distinctly specified in the order of
said court authorizing the
issu¬
-5
1947-1956
1707
The
in
1942
made
100
2.75
1946-1981
factor in
a
considerable length of time.
of
payment
100.361
12,500
1711
any
their
be
100
180,000
1946-1960
J.—2 >m
N.
Los
lack of confidence
a
after read and
"
Denver,
Douglas Co.
Twp.,
Pa.
Los
ability of the price structure to continue at current high levels for
receipt
said
follows:
as
r30.000
....
issues), various
(2
1708
of your re¬
department regard¬
ing the constitutionality of House
Bill No. 113. The pertinent proviin
are
to this
1946-1961
various
Co., N. C.
Los
Bill No. 113.
We
*
100 07
^
1595
>
Re: Constitutionality of House
quest
Delaware
S.
Bonds U.
Opinion No. 0-6474
.
Craven
1933
1816
House of
Dear Sir:
1934
1816
Committee,
Representatives, 49th
Legislature, Austin, Taxes
158
Corpus Christ! Indep. S. D. Tex.
1816
the recent softening of municipal prices generally.
A
Affairs
State
participations in the Mighty
with which these offerings take place has been
quency
Attorney General
Hon. Obel L. McAlister, Chairman
70,000
1%
1711
However, it is not unlikely that the increasing fre¬
7th War Loan.
of Ponce,
SELLERS,
100.51
237,500
School
—
1929
is the desire of sellers to increase their
at
Austin
High
"
100 25
34,000
...
2%
—w
......
2
1933
Rico Water Resources Authority
OF TEXAS
—d210,000
1947-1950
1'4
1818
Annuity Fund.
explanation of the large volume of such liquidation in May
There
OF
offering of $5,565,000 of its municipal
on an
May included the State of New York and the New Jersey State Teach¬
herewith:
GENERAL
Tex.
County
No.
Basis
1818
page
OFFICE
bonds
day the Penn Mutual Life Insurance Co.,
same
Philadelphia, opened bids
full
this
the
on
accepted bids for the
company
holdings. Public agencies making offerings of municipal holdings in
called "corrective"
of
obligations.
May 29 and
on
proposal
text
1—
—
1930
City
...
Price
100 09
r2,394iooo ——: 'I"~
2
4
1592
municipal
of $10,023,500 by the New England
one
re¬
whether
right option
served
maturity date,
Chouteau
1934
we
lengthy report regarding
developments and current
a
status
(State of)
Disapproving
Opinion
of Bond Issue
issue
City
the
at
Canadian.
1709
2045
having attended award of
bonds
revenue
1711
0.91%.
of
cost
offering of $52,379,000.
$60,000 Golf
2160—were awarded to
Harris, of San Antonio.
161,
J.
Texas
The
—
1823
D
Amount
—
D., Texas—various
Bryant, S.
Buffalo, N.
Y
Camas, Wash.
high standing accorded by the
This constituted the most favorable basis
ever
S.
1822
1(10
1592
Coast
Virginia of $2,000,000
0.90%.
Buena Vista
.—various
_
1594
for refunding
was
result of the various other sizeable sales conducted
Mention
$4,550,000
syndicate headed
a
Texas
Maturity
16 000
Neb.__
Brownsville,
1935
■.
•
Rale
,
,
Bow,
1821
bonds
to
and
Power
The terms of the
again of the exceptionally
$9,650,000 by
The company rejected bids for the remaining $22,908,000 of the total
Bond
Broken
District
Water
by Long Beach, Calif. The Dewap borrowing
poses
to $29,964,500.
up
were
,Nam£
-n
1822
Mutual Life Insurance
Co., Boston.
Palestine, Tex.
the
of
operations in April included
of Dallas.
Bond
issues
'T"-*■
.
io?n
1819
municipal bonds which reached the
market during the month of
April aggregated no more than $49,843,535, with the principal part of that total made up of refunding
and
-
Page
Bond Sales in April
Another creditable achievement
Mission, Texas
system
New
County,
Bond Sale Details—The
water
M
2499
Total
Canadian
'Temporary
municipal bonds sold In
loar.s
April.
None
Price
Bash
t
THE
2500
Texas City School District, Texas
in connection therewith by such
'
Bond
Issuance
Planned—The
county commissioners court,, and
two new articles to be designated
Board of Education is planning to
the county judge, county clerk,
as Articles 720-a and 720-b, which
vote an issue of $750,000 construc¬
county treasurer, or any other
shall read and provide respective¬
tion bonds.
county official having any duties
ly, as follows:
to perform in respect to the issu¬
Uvalde Independent School
'Article 720-a.
That where a
ance of said funding or refunding
District, Texas
>
majority of the resident property
Bond Offering—F. E. Beecroft,
bonds, are hereby approved, con¬
taxpayers, being qualified electors
firmed,' ratified,
legalized, and President of the Board of Trus¬
of any county/voting on the prop¬
validated; and said funding or re¬ tees, has announced that he will
osition, having voted at an elec¬
funding bonds, and the coupons receive sealed bids until 2.30 p.m.
tion held in such county called
evidencing the interest thereon in on June 5, for the purchase of
by the commissioners court of
and for each of the years stipu¬ $200,000 school house bonds, at
such county, in favor of the issu¬
lated in such recorded order or not exceeding 21/2% interest.
ance of the bonds of such county
Dated June 15, 1945. Denomina¬
orders, are hereby constituted the
for
ar(y purpose authorized in valid and subsisting obligations of
tion $1,000. Due June 15, as fol¬
Chapter 1, Title 18, Revised Civil
such county, in accordance with lows: $7,000 in 1946 to 1948, $8,000
Statutes of 1911, or Chapter 2,
the terms and provisions of such in 1949 to 1951, $9,000 in 1952 to
Title 22, Revised Civil Statutes of
recorded order or orders, and said 1954, $10,000 in 1955 to 1957, $11,1925, the canvass of such vote re¬
funding or refunding bonds and 000 in 1958 to 1960, and $13,000 in
vealing
such
majority, having
1961 to 1965.,
These bonds were
coupons thereto appertaining shall
been
recorded
in
the
minutes
be
payable or redeemable only authorized at the election held on
of such commissioners court, and
on
the maturity or redemption May 18.
Principal and interest
where the
order of said com¬
dates stipulated in such recorded
(J-D) payable at the place pre¬
missioners court calling such bond
order or orders and in the face of ferred by the purchaser. It is the
election, and the notices of such
each of said funding or refunding intention of the Board of Trustees
bond election, provided that such
bonds and coupons.'
to sell the bonds at the lowest in¬
bonds were to be issued by such
if
&
#
terest coast that will bring a price
commissioners court, payable ser¬
"It is the opinion of this depart¬
of
approximately, but not less
ially or otherwise, not exceeding
ment
that* Section
1
of House than, par and - accrued interest.
the maximum period of time stip¬
Bill 113 is constitutional. The Su¬ Bidders are required to name the
ulated in such election order and
rate or combination of two rates
election notices, and where there¬ preme Court of Texas in Cochran
County v. Mann, 172 S.W. (2d) with their bid which is nearest
after said commissioners court of
689 and Norton
v.
Tom Green. par and accrued interest. Any rate
such county, by orders", adopted
County, 182 S.W. (2d) 849 (writ or rates named must be in mul¬
and recorded in its minutes, con¬
of error refused), held that under tiples of Va of 1%. Alternate pro¬
tracted for the sale of said bonds
the provisions of Chapter 2, Title posals will be considered on bonds
at not less than par and accrued
The District
22, Revised Civil Statutes of 1925, with 5-year option.
interest, and authorized the issu¬
and Chapter 1, Title 18, Revised will furnish the printed bonds, a
ance of said bonds in accordance
Civil Statutes, of 1911, the county copy of the proceedings, the ap¬
with the terms and provisions of
commissioners' court had the right proving opinion of J. P. Gibson,
such contract of sale, prescribing
to redeem
the bonds authorized of Austin, or of Chapman & Cut¬
in such orders the date of said
under
said statute at any time ler, of Chicago, and will deliver
bonds,
the
maturities of said
after said bonds had been issued the bonds to the bank designated
bonds, and the rate of interest
for a period of five years, pro¬
by the purchaser without cost to
said bonds are to bear, and levy¬
It is anticipated that deliv¬
vided no option waa0reserved; and him.
ing the tax to pay the interest on
if an
option was reserved, the ery can be effected before July
said bonds and provide a sinking
lund sufficient to pay the princi¬ county had the right to redeem, 15, 1945. Enclose a certified check
under any circumstances, after a for $4,000, payable to the District.
pal thereof at maturity, and said
bonds were approved by the At¬ period of ten years.
UNITED STATES
"The Supreme Court, in effect,
torney General and registered by
held that the outstanding bonds
United States
the
Comptroller of Public Ac¬
authorized by said statutes were
counts and were thereafter sold
Municipal Employes Total 852,binding contracts and that the
at a price of not less than par and
000; Draw Payroll Totaling $122,-
(Continued from page 2499)
J
y".'.
tV
.
r-1
ti:;
?•:■
.
Syndicate Head
of
method
some
'
A
k
m
f
.?,4
interest, each such elec¬
accrued
proceedings
taken
in
connection
by such county com¬
court in respect of said
and all acts and
tion
had
and
therewith
missioners
bonds, the date of said bonds, the
maturity dates of said bonds, the
interest thereon, and the levy of
r ?;v
I
in
taxes
thereof,,
payment
are
fied, legalized and validated; and
bonds, and the coupons evi¬
said
dencing
the
;
in
thereon
interest
for each
and
of the years stipu¬
lated in such recorded orders, are
valid and
subsisting
obligations
of
such
county, and said bonds and cou¬
pons shall be payable or redeem¬
able only on the maturity or re¬
demption dates stipulated in such
hereby (constituted the
in the face
of each of said bonds and coupons,
recorded
and
orders
"The
"
Treas¬
urer, 96 S.W. (2d) 60, 63, held that
the right of redemption
by re¬
funding was a valuable right and
not subject to be defeated by a
bond holder.
•'••V
the
issued
has
Constitution
of
such
county for the purpose of funding,
refunding, cancelling and in lieu
any bonds of such county leg¬
o
14%, have no
overtime.
for
laborers
unskilled
Rose, Town,
ship Treasurer, reports that $15.
550.30 31/2% drainage bonds were
sold on May
18, at a price of
only
while
off;
time
compensatory
89 cities,
method of paying
allow
9%,
cities,
101.90,
Public Utility Dis¬
Angeles), Wash.
Clallam County
(P. O. Port
trict
$700,000
Sale—The
Bond
enue
refunding bonds
sale
recently
were
offered for
awarded to
&
Co. of Portland,
Harper & Sons &
Co.
jointly, as 2.40s. These
due
are
years.
Toronto, Ont.
*
<
■
1911,
of
or
Chapter 2, Title 22, Revised Civil
Statutes of 1925, and said funding
refunding bonds were duly ap¬
proved by the Attorney General
or
^registered by the Comptroller
iHua!lc Accounts in accordance
with the laws applicable to the
of refunding
issuance
order
or
orders
bonds, the
of such
commis¬
sioners court such
approving the con¬
tract between
county and the
holder
or
holders
of
such
out¬
or
Despite the decline in number
of employes, however, the total
to
grant public money
thing of value in aid of, or
any individual, association or
a
cline in number of
as
cording to the report, prepared for
the 1945 Municipal Year Book.
On the basis of figures received
it attempts to
contract between the
counties
and
the
bond-holders.
The Act would confer "a thing of
value" on the bondholders with¬
change the
a
Harris
Control District
v.
fifths of the cities
38
(2d)
479
bonds, the maturity dates of said
House
rate
of
or
refunding
said
interest
refunding bonds
bonds, th°
funding or
were to
evying the tax to
pay
(2d)
to
on
funding or refunding bonds
produce a sinking fund suffi¬
cient to pay
at
in
Bill
in
one
164.
the^ principal thereof
Attorney General
methods.
xr}%
county
commissioners
proceedings had and done
court
all
RJL:EP
°n
this,
for
example,
139
cities, 75%, have no plan for pay¬
ing Overtime to
General
considered and ap-
proved in limited conference.
$90,000
terest.
Dated
this group of em¬
ployes.
j
^
.Many cities which do
overtime
in¬
1945. De¬
$1,000. ' Due June 1
$3,000 in 1947 and
nomination
follows:
as
June
the
revenue
3%%
exceeding
not
for
8
1948, $4,000 in 1949 to 1954, $5,000
1960, and $6,000 in 1961
to 1965.
Subject to redemption
in 1955 to
the
at
option of the District on
interest payment date com¬
any
mencing June 1, 1950, at
interest.
accrued
par and
approving
The
opinion of Burchman & Blair, of
Spokane, will be furnished the
purchaser.
Enclose
a
certified
check
for 5%
of amount bid.
Vancouver,
Election
Bond
tem
$3,000,000
sewer
sys¬
Bond Sale—The $75,000 build¬
ing bonds offered for sale on May
21—v.
161, p. 2051—were award¬
ed as IV2S, at a price of
101.42, a
basis of about 1.186%. Dated May
1,
1945.
Denomination
$1,000.
These bonds are due on May 1, as
follows:
$3,000 in 1947 to 1950,
$4,000 in 1951 to 1962, and $5,000
in 1963 to 1965.
The next highest
for
price of 100.10, for
$16,000, as 4s, and $59,000, as 1 y4s.
a
Purchaser not disclosed.
to
clerical
not
pay
employes
1946
Chilton,
bonds
awarded
were
Wis.
revenue
offered
for
sew¬
refunding
sale
recently
to
Mullaney, Ross
Chicago, and Harley,
Haydon & Co., of Madison, jointly
&
Co.,
IV2S, at
of
price of 100.307.
a
Price Bid
Bidder
Bank
Montreal
of
dicate
yield
of
P.a*fd June 1, 1945 and due
Aug.
Toronto, syndicate
100.61
of
Nova
Scotia,
Halifax, syndicate
100.21
Nesbitt, Thomson & Co.
syndicate ___;
100.14
Bank
QUEBEC
Granby Catholic School Commis¬
sion, Que.
Bond Sale Details—The $260,000
Gundy
&
at a
Feb.
previously
as
These bonds mature from
stated.
1, 1946 to 1965.
Moose Jaw,
Sask.
Awaits
Reorganization
Return
of Proxies—Demand for the circu¬
lar
the
of
letter
Moose
Jaw De¬
set¬
Committee
Holders
proposed
reorganization
plan
has
been
greater than was expected and a
ting forth terms of the
further
The
printing will be required,
Post understands.
Financial
authorizing application to
Local Govern¬
Proxies
the
Saskatchewan
ment Board for
ing the plan
order embody¬
slow in being re¬
Mcllroy, secretary,
turned, W. F.
proposes
committee
The
states.
an
are
to
if
it
order
apply to the Board for an
authorized
is
holders of 51%
by
outstanding
to
of the
do
so
debt.
1945, Moose Jaw
of liquid assets
plus market value of investments
and sinking fund.
The plan pro¬
vides that $2,240,000 be placed in
a
debt retirement fund, $583,910
be used for the payment on ac¬
Feb.
at
of
count
$900,000
interest
be
capital
a
5,
$3,723,092
left
and
arrears
ancl
with the city as
current financing
"
fund.
;
40%
the
31, 1945 by a cash payment
and for the exchange 01
outstanding
new
debentures of the same
foi
debentures
prin¬
cipal amountj to be dated Jan. L
1946, to be due Jan. 1, 1961 and
to bear interest at 3% per annum
for
the
first five years
Saskatchewan
and 3 ,2"%
Co. of
a
Montreal, at a price
basis of about 2.70%.
debentures
Other
are
due in
bidders:
(Province
Redemption
—
of)
The Pro¬
plans to retire at maturity
July 2, 1945, $2,250,000 4*2 /o
vince
Debentures Awarded—The $1 500,000 3% debentures offered for
sale recently were
awarded to a
group headed by Nesbitt, Thom¬
years.
Toronto,
3V2%
and not 3 and
Bond
10
on
Wood,
to
price of 101.045—v. 161, p. 1480—•
will bear interest at 3 and 3%%,
ALBERTA
These
of
Co.,
sale
for
awarded
and
26
Feb.
offered
bonds
school
for the remaining 10 years.
Calgary, Alt a.
&
100.78
Corp.
all
0.365%.
31, 1945.
son
101.012
syn¬
________________
to Dec.
(Dominion of)
Treasury Bills Sold—The $65000,000 Treasury bills offered for
sale on May 31 were awarded at
of 101.54
100.27
_______
Dominion Securities
of
average
in
were:
plan provides for
the settlement of interest arrears
CANADA
an
$62,000
bidders
Other
Briefly
Canada
follows:
as
1950, and $63,000 in 1951
Harrison & Co.
As
Sold —The $57,000
mortgage
age
to
1955.
had
WISCONSIN
Bonds
due
are
to
benture
County School District
(P.O. Bellingham), Wash.
was
of
basis of about 2.24%.
Dated June 1, 1945. These bonds
An
What com
bid
price
a
SASKATCHEWAN
—
bonds.
No. 506
Dominion
at
a
Wash.
Planned
September, to submit to the voters
issue of
the
Toronto,
101.315,
election may be called before next
an
of
Bank
1,
Of the 893 cities report-
compensatory time off; while 659
Approved April 16, 1945
This opinion
cities in which em¬
cities, 15%, pay city hall employes
overtime;
95 cities,
10%, allow
(Signed) Carlos C. Ashley,^'
acts and
of
purchase
June
on
bonds,
however,
compensating
employes
for
work by the
nation's
cities, the report said, with many
cities
using
several
different
of Texas
First Assistant Attorney
records of such
P.M.
8
work week
overtime
By (sgd.) R. J. Long, Assistant
the minutes
or
of the 11
>
maturity, having been recorded
until
in
we
Yours very truly,
—
a
sealed bids
sioners, will receive
of 42 hours, and all but
Wlde variety of methods is used
.
do not
deem it necessary to discuss them
in view of the above holding."
but
than half have
excess
ployes work 50 or more hours are
in this smaller population group.
other serious consti¬
113,
of
I? the smaller cities—those of
moi e
questions raised by the
provisions of Section 2 of said
bear and
interest
said
are
do 70% of the
the next — 250-500,000
as
10-^o,000 population
(writ of error
tutional
"There
Offering—Karl J. Grimm,
the Board of Commis¬
Bond
Clerk
and
Montreal
of
W. C. Harris & Co.
(P.O. Pasco), Wash.
Port of Pasco
population—class. -
refused); Rhodes Drilling Co. v.
Allied, 70 S.W. (2d) 576; Road
District No. 4, Shelby County v.
Allred, 68 S.W.
in
of
period of 20 years;
as
cities
Co., 52 Fed. (2d) 602,606
(writ of certiorari refused). See
also Howard v. Henderson County,
Trust
Bank
four-
a
hours,
Portland,
of Seattle, jointly, as
l%s, at a price of 100.10. Dated
July 1, 1945. Denomination $1,000.
These
bonds are to
run
for a
46 hours weekly, as com¬
42
Co.,
Commerce,
work between
population basis, 12 of the
14 cities of more than 500,000 pop¬
ulation have a work-week of less
than
2051—were
p.
Fordyce & Co., both of
and the First National
of the cities were in this category
On
161,
18—v.
awarded to Charles N. Tripp
pared to 1943, when three-fourths
713, (Com. App.); Shelby County
v.
Provident
Savings
Bank
&
S.W.
and
of
employes
population,
(2d)
1098,
1103, (Sup.
Ct. of
Texas); T. & N. O. Ry. Co. v.
Galveston County, 169 S.W.
(2d)
116
Cities of 10,000 or more
fiom 965
benefit' to the
County
Flood
Mann, 140 S.W.
reciprocal
em¬
nel, though much of the increase
occurred in the smaller cities, ac¬
department that
2 of said Act is unconsti¬
this
tutional. insofar
municipal
ployes was a general increase in
length of the regular, or normal
work-week for city hall person¬
provision in conjunction with the
referred to. authorities, it is the
of
July,
Accompanying the general de¬
corporation whatsoever, * * *'
"Considering said constitutional
standing bonds, for the purpose of
funding or refunding such out¬
standing bonds, prescribing the
date of said funding or refunding
Junding
figure.
payroll indexes from 109 in
1942, to 122 in July, 1944.
counties.
Statutes
000
its credit or to
to authorized any county,
city? town or political corporation
or subdivision of the State to lend
out
Civil
March 27.
The report said that late 1944
saw
the
continuous decline of
local
government employes ar¬
rested, standing now at the 852,Association reported
power
ally issued for any purpose auth¬
vised
monthly payroll of $122,000,000,
International City Managers
the
offered
bonds
May
$100,000 gen¬
for sale on
Sale—The
Bond
eral
$625,000 2V2%
Commissioners
refunding bonds offered for sale
May 30 were awarded to a syndi¬
cate composed of Wood, Gundy &
Co., A. E. Ames & Co. both of
Toronto, Royal Bank of Canada
Harbor
Toronto
Olyrppia, Wash.
Port of
Sale—The
Bond
period of
a
over
■■
2.992%
notice.
and
P.
25
about
time prior to
Fordyce
bonds
of
accrued interest at any
maturity on 30 days'
and
par
rev¬
William
of Seattle,
basis
a
Dated June 1, 1945. These bonds
are
due on June 1, 1946 to 1962
Redeemable in whole or in part at
WASHINGTON
000,000—The 852,000 employes of
the nation's cities and towns draw
a
Nova
■
payroll has shown a steady ad¬
vance during the last two years,
as
illustrated by an increase in
orized in Chapter 1, Title
18, Re¬
in
"
Section
bonds
reads,
Texas,
of
3 of the
part, as follows:
'The Legislature shall have no
opinion
commissioners court of any county
52 of Article
"Section
That where the
'Article 720-b.
Supreme Court in Dallas
County v. Lookhart, State
coupons.'
of each of said bonds and
,i
said contracts.
hereby approved, confirmed, rati¬
>1 ?
redemption was part of
right of
of
Bank
innoi
Montreal
of
Bank
Ri.
100=7
Scotia,
J
laborers,1 for extra-time
Halifax
995^
worked. Of the 559 cities report¬
Cochran, Murray & Co.__I
9997
ing on this, 263 cities, 45 %, have
some method of compensation.
i ;;:
ONTARIO
With regard to unskilled labor¬
King Township (P. O. Nobleton)
ers, 467 of the 603 cities reporting,
y,
lT','?■: *■ r. Ont.
; *K'r
77%, pay for overtime work; 47
Bond Sale—H. G.
unskilled
u
i.
PriCG
Wood,.'Gundy & Co.____
paying non-office skilled workers
who are on a salary basis, and
•
M
adopted
have
"
v*'
.
Monday, June 4, 1945
CHRONICLE
FINANCIAL
COMMERCIAL &
1
on
redeemed
United States
bonds. The bonds to be
are
payable in both
and Canadian funds.
has
to
only.
The
Proving
of 4*2 ?
maturing on Sept. 15,
payable in Canadian fun"3
another
bonds
$3,000,000
@FedFRASER