The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
JUN 5
MONDAY
ommetcial an
Reg. U. S,
Volume 159
New
Number 4287
General
RAILROAD
Air Reduction Co., Inc.—Further
S.
Other
Unearned
The
Co.
all
the
will
involve
The
further
Reduction
23,915
Scanlan
and
Co,
shares
of
that:
added
Co., has long
hospital field,
and' the
'
'
Labora¬
stock
treasury
debt
of amounts
5%
pfd.
stock
Common
dental professions
afford
and
and to hospitals."—V. 159,
Akron Canton & Youngstown
1944
$362,500
April—
from
Gross
Net
ry.
railway.,
from
Net
railway—
oper. income
From Jan. 1—
Gross
from
Net
from
Net
ry.
—V.
railway
income
$100)—*——
surplus
123,895
1,474,902
666,860
368,586
Gross
ry.
7,327,438
5,140,878
3,156,884
3,603,383
2,209,530
1,077,966
874,805
684,841
"r ■
651,942
7,378,547
3,120,477
709,032
from
from
Net ry.
Toronto
railway*.
railway--—
income
oper.
—v. 159, p. 1753.
"
the
Stock
wholly owned subsidiary,
(Including
Years Ended March 31—
sales
Net
of
Cost
—*
of deprec.)—.«
(excl.
expenses
—
1943
$3,876,124
3,549,639
$5,243,006
J—*,***..-.
Operating
Other
profit
$114,863
125,832
———————
ordinary income-——.—,
,
Total
Other
income
deductions
Extraordinary
State
and
Net
.
...
income
*;——
—
income
-
„
prof, for yr., after inc. taxes
———
$134,787
Federal
54,116
Cr208,711
377,724
on deposit, $43,635; accounts receivable,
$644,574;
other assets,
$82,349; fixed assets,
charges, $54,734; total, $3,570,301.
Liabilities—Accounts
payable,
$109,866;
notes
income
liabilities,
stock
taxes
and Federal
$34,335;
($100
158,
**2345
p.
par),
354.
common
$900,000;
excess
profits
taxes,
stock
($100
par),
sufplus, $1,334,223;
$94,978;
$950,000;
Allied Stores Corp.
American
logical,
activities1 in
the
Mediterranean
15,
1944,
the
third
1944
v
1943
Account,
Year
$
$
1941
2352
shipping
profit from
Ended
$
The First
$
National Bank
All
work,
other-oper.
48,613,704,42,026,315
exps.
39,846,926
33,453,540
21,351,251
10,186,700
5,945,456
245,551
The
income,
—
net
366,343
16,298,443
Dr905,482 Dr1,207,765
Dec.
operations—**
shipping
operations*
income
Total
income
Interest
on
20,445,769
*
charges
Consol.
6,311,799
937,993
958,670
—;
taxes
spite
dividends
4,200,000*
1,355,000
5,681,428
5,294,258
,**..'■
1,129,018
1,176,151
1,161,450
made
public
Eighteen
by
lost
company
enemy
by
decided
just
30,668;
$6,915,291
918,000
*_.*__*
Cash
U.
8,
Sheet As
■'
at Dec.
receivable
Merchandise
(net)—
Land,
buildings,
assets
Other
Deferred
Unamort.
Good
will
and
owned
were
prior
action.
to
Three
and
Pearl
were
nine
Coverdale,
others
Habor.
Six
of
program
ship
requisitioned
construction
and
Airlines,
and
advances
to
266,268
15,739,623
American
Inc.—
——
equipment—*.
_**_
•
*
and
deferred
charges—__
wartime
of
of
the
the
Navy.
the
One
company
366,246
507,332
429,067
Accrued
salaries
taxes"
Reserve
for
Recapture
5%
and
than
inc.
Federal
and
excess
repairs
cumulative
stock
114,002
income)
.__*
********
**********
•
*,—***__.—
preferred
(480,000
stock
no
surplus
Paid-in
surplus
Earned
.surplus
$100)**—
**_:__
was
(par
shares)——
__——
lost
par
Total
_______
*
*
—
$2,817,573
403,380
,
150,958
profits taxes
insurance
profits
$1,796,604
*****1*-..
wages*—
(other
for Fed.
for
.—,'*—
***—„.
Capital
had
1,846,584
10,128,842
«'
$41,577,302 $40,866,730' 1
*
by
operated
subsequently
were
by
also
1,957,367
13,895,494
946,342
Liabilities—
Reserve
report
9,209,943
14,639,794
*——
in
assets
Provision
President
were
which
upon
before
began enabled it to add eight new vessels, of
superior type, to its fleet.
The Maritime Commission has assigned 70
receivable
__
(net), etc.-*—
Bids
14,767,979
-
*
94,544
1,456,807
20,210
1,100,000
40,642
39,909
5,267,684
5,308,682
590,500
63,093
935,000'
480,000
480,000'
660,813
592,851
660,813
30,365,233
28,411,884
592,851
$41,577,302 $40,866,730
*
♦After deducting reserves for depreciation of
$1,583,945 in 1943 and
$1,002,984 in 1942.—V. 159, p. 1241.
Banks,
Offerings
For
Brokers,
Dealers, Institutions,
corporations
have found
Unlisted Securities
1943
for large
Corporations
or
sometimes
us
a
and
individuals
ready market place
small blocks of securities
otherwise
unmarketable.
16,919,552
28,055,174 1 23,481,324
equipment, etc.———.29,701,217
31,993,116
-Li—U*
_1
1,456.044
1,207,638
_t—
war
*
Kobbe, Gearhart & Company
INCORPORATED
Inquiries invited
..
prepaid
expenses—
1,929,512
portion of bond discount and expense
and other intangible assets
_*_
1,939,214
122,301
141,758
1
Members New York Security Dealers Association
1
45
NASSAU
STREET,
NEW
YORK
Telephone
Total
annual
1942
$2,801,891
6,995,553
*****
Y
; $10,573,279 $13,774,875
4,518,451
102,177
—
securities^
inventories
H.
company's
the
Y
31
1943
=
FIRM
■
,
1944
—
and notes
William
in
960,000
—212,489
deposits
Accrued
shipping
a
revealed
54,000
960,000
1,142,297
,
1.
Governmen
Accounts
appointed transfer
$5,815,291
29,500
Accounts payable
2073.
270,000'
$1,449,563
dividends
Prepaid expenses
'
830,000'
462,600
_—**_*_—
collision.
the
Comparative Consolidated Balance Sheet, Jan. Si
-.
by
is
sea,
1,370,687
$6,884,622
$2,501,196
Common
vessels
1,082,929
♦Including leased departments.
Assets—
at
1942
247,498
dividends
Export
3,998,129
1,263,417'
—
dividends
8,500,000
6,850,603
profit—
losses
of
—
—*
—
$91,123,958 $89,559,655
Philadelphia Telephone
REctor 2-3600
Enterprise 6015
the
31
$2,582,665
*********:
**■__.
profit
♦Property
Other
Lines, Inc.—Annual Report—
story of the amazing growth of
in
But
12,700,00 0
net
Preferred
10,432,251
>
income
Common
15,090,678
909,250
895,166
—
est. Fed. taxes
Jersey City has been
159, p.
In
'__*_$2,830,163
.*-*_**
profits taxes***
Investments
company.
the
Prov. for
of
stock.—V,
American Export
company,
Operating profit
Other
common
1
.
1943
1—*___„_!
income
Special
—2352
.:_*
.
_
the
more'
the
***———_*Y—1,570,237
Inventories
7
———
margin
of
$8,255,303
from
expenses
Accounts
2353
agent for the
sales
in
had
$4,152,902
profit
Balance
*2352
203,718,739 170,828,164 151,808,858 121,270,682
72.619,931
60,951,222
52,505,940
41,417,929
Prov. for depreciation—
1,246,723
1,334,045
1,364,814
1,290,135
Maintenance
&
repairs
1,40£,253
1,292,419
1,107,500
728,798
♦Net
Gross
was
rapidly
978,793-
Total
1942
was-
area,
debarkation
of
the
returning Americans.
3,796 Americans have been brought back."
Assets—
American Business Shares, Inc.—Transfer Agent—
1
area
personnel
and
""
'
merchant
this
.
increased
of
voyage
Cash
(& Subs.)—Earnings—
Comparative Consolidated Income Statements, Years Ended Jan. 31
flag
as
its
and
war
$7,276,516
Net
*2352
uals During War Years*——*——*.
■
.
all
was
the
to
1,200,535
Common
OWI Reports Income Payments to Individ¬
preferred
$3,570,301.—
prior
$2,952,367
Preferred
.**2350
2351
Changes in Reacquired Stock Holdings
total,
Sub-Agent for
! This action
route
operations***———
Income
—2323
Cotton Ginnings from 1943 Crop********
April
elsewhere,
operations***—****_—*•__*
Excess
Dept. Store Sales in New York District in
deferred
and
shipping
Total
2323
Fairchild's Retail Price Index at May 1*
payable—banks—cur¬
upon
Y'1/"-;
Gross
Federal Reserve April Business Indexes**__2351
inventories,
rent maturities, $100,000; accrued interest, $80; wages accrued, $19,568;
accrued
taxes
(other than
income), $27,250;
accrued Federal and
V.
System*——
General Crop Report at May 1, 1944*
March Building Permits**—
hand and
Assets—Cash—on
$456,361;
$2,288,648; deferred
improve
profit from vessel
2346
■***:,
Stock and Bond Averages
s
the
area.
trade
March
Overhead
Gross and Net Railroad Earnings for Jan.—2350.
31, 1944
giving
„
Federal
Transactions N. Y. Stock Exchange
i
Berth
as
company's
Gross
Reserve
Meditteranean
and
also
Other
Transactions New York Curb Exchange****2323
$656,600
*$114,558
Consolidated Balance Sheet, March
act
to
Condition Statement of Member Banks of
♦Loss.
State
of
_*___*
in
replace
have
completed
"vY;
^*2346
Statement
to
report,
vessels
be
is
company
vessels
operations
entering that
Other
V—
94,835
Condition
Reserve Banks
$879,729
9,472
.**—;*.
taxes—
Combined
The
will
Gross
ft
$105,087
11,073
—.————.—
Federal
15,740
-
Foreign Exchange Rates—
1945.
the
says
cargo
of these
in
2341
Clearings
of
fleet,
large
new
two
observes:
Income
2340
$818,959
60,769
*$120,826
$240,696
——-
—
Dividends Declared and Payable
in
and
2354
The Course of Bank
design
three
that
in
early
present
its
of
expected
or
company's
three voyages,
182,353
lost
were
liner Gripsholm,
by the U. S. Government to bring back to their homes those
American
citizens
released
from
detention
by Germany and Japan,
was
completed.
As in the case of her two previous voyages, as well1
as
that of the Drottningholm, made for the same purpose, American
Export Lines operated and managed the vessel and supervised the
*2339
268,267
Exeter
.
Redemption Calls & Sinking Fund Notices_2341
3,973,426
254,121
193,191.;,.
255,585
214,546
Depreciation
the
worked
"On
2336
State and City Bond Offerings and Sales
1943
is
the
to
of
expansion
construction
it
1944
General Corporation and Investment News_2297
Inc.)
Paper Co.,
$4,576,956
3,991,961
—-
sales
Operating
Halifax
and
Aces."
embarkation
1944
Excalibur
chartered
Miscellaneous Features
Paper Mfg. Co.—Annual Report—
Albermarle
The
.
*2338
Markets
Four
volume, during the year, with the result that company has
responsibility of reporting to the Government the accounts
than 1,000 ships, v.
■
Toronto Stock Exchange—Curb Section—2338
Over-the-Counter
of
"Shipping
—**2336
*.**2338
Exchange*—*****
enemy
the
intimately familiar with conditions at all ports in the
**
Stock Exchange—*—*
Curb Exchange
1,000'
action since Pearl Harbor were the
Expositor, Executive, and Express, one of
ships taken over by the Navy, four were
Aces."
These
were
the
Excalibur,
Exeter,.
by
the
Coverdale
vessels
Exchange 1
2335
Philadelphia Stock Exchange**********——2336
Pittsburgh Stock Exchange—*.***
**2336
Montreal
war
North
the
study
tration
2335
._.*,*—
than
of more
tasks.
accounts
cargo
engaged in
the North African military area.
When this plan had
out
and
accepted, highly experienced personnel were
assigned to resident duties at the principal ports in the
area and,
assisted by the company's foreign agents, are carrying out
the work
as
an
integral part of the War Shipping Administration.
Early in 1943, company was directed by the War Shipping Adminis--
**__*_2335
Los Angeles Stock
the
Excello,
Of
and
end
picked
2334
St. Louis Stock Exchange**.
to
the
been
2334
Detroit Stock Exchange
for
Exochorda.
of
for
operations
2333
_*_;
agent for the War Shipping Administration,
Africa in November,
1942, and the Exochorda
by enemy action off Guadalcanal in August, 1943.
"Four
Mr.
ships,
as
/... "Late in 1942, executives of the company were requested to formulate1
and
put into effect a plan for the War Shipping
Administration
„*
Chicago Stock Exchange
From Jan. 1—
Gross
Net
the
Of
(Bonds)*——2324
2328
2333
Exchange
Stock
Cincinnati Stock Exchange
Cleveland Stock Exchange
953,998
396,677
241,125.
Montreal
,
and
signed,
serious
■' Page
(Stocks)2313
Exchange
Boston Stock Exchange
176,423
;
Curb
Baltimore
177,590
201,432
"the
as
sunk
its
lost
vessels.
invasion
Instead of 27, the company now
requiring 4,000 officers and men at
operation.
80
merchant ships
Examelia,
Excabion
been
.
for
responsible
vessels
newer
contracts
—
Stock Exchange
New York
1941
$238,061
98,487
56,213
1941
$860,075
319,037
192,251
the
:
'1942
$1,559,257
755,836
income—
railway-—
oper.
Issue
Stock and Bond- Quotations
RR.—Earnings—
railway—
from
from
Net
This
and
.V'-. *
1943
$1,882,433
.1,012,247
The
Exmoor,
by
■
1,048,381
364,610
204,601
.
been
other American
Looking
In
mi
New York Stock Exchange
1942
$274,734
1944
$1,900,207
820,118
23,217,600
26,974,819
31,576,950
it,
than
in addition,
was
New York
Ry.—Earnings—
217,545;
has
it
known
.
April—
Net
medical
'
Alabama Great Southern
21,903400
.—*;
*
__—****
$91,123,958 $89,559,655
1753.
p.
2185,.
p.
the
1,511,805
538,193
278,275
railway-—-
1,355,030
Chemical
98,019
58,135
■■
23,188,957
to
more
And,
the
55,658
•
20,430,623
The merger
the Ohio
to
-1943
$418,372
117,506
oper.
159,
service
vessels
operates
sea.
158,907
served the. medical and dental pro¬
particularly in producing anesthetic
broadened
a
$15,847,086 $14,664,342
*
—
(par
stock
equipment, surgical furniture, sutures and operating room lights. Thus
the busines sof the two companies is complementary and the proposed
should
—
1,366,199
Income
equipment for their administration.
Scanlan-Morris Co. and
Scanlan Laboratories, Inc. have been leaders in the field of sterilizing
consolidation
Copy
a
MISCELLANEOUS
-
more
-
long term obligations (exclus.
included under current liabilities)
Air
of
INSURANCE
-
and
gases and
•
Price 60 Cents
,
""
Inc., through its subsidiary,
Co.,
Manufacturing
fessions
Scanlan-Morris
for
previously purchased in the open market.
new financing by Air Reduction Co.
no
announced
"Air
&
the
exchange
Co.
Reduction
of
assets
in
Inc.
the acquisition by the Air Reduction
will be effected by
merger
of
May 27.
■
liabilities
current
New
tories,
INDUSTRIAL
-
Liabilities—
Expansion—
Funded
it was announced on
York, N. Y., Monday, June 5, 1944
PUBLIC UTILITY
-
of Scanlan-Morris Co. and Scanlan
Laboratories, Inc., of Madison, Wis., will propose to his stock holders
the consolidation of these companies with Air Reduction Co., Inc., of
York,
Office
Corporation and Investment News
President
Scanlan,
Gwyn
Pat.
HILL, THOMPSON & CO., INC.
5
Bell
New
Teletype
York
1-576
120 Broadway, New York 5, N. Y.
Statement, Years Ended Dec. 81
income
Power
$4,363,738
profit from operations before deprec.—.
Other
income
676,387
$4,888,912
income ———;—■—™——
Gross
$3,532,829
525,173
'
™-
———
1942
Selling, general and administrative expenses™
Royalties, patent expense and other charges™
"
,
lor
contingencies—'™_™™™™™.ii
for
Provision
Operating
Federal
Fed.
275,858
war
80,000
Marketbale securities, at cost
and accounts receivable—:
•Notes
*
Inventories
Investments
and
advances
wholly owned
companies—™-^—™—-r
and advances to
in
subsidiary
foreign
—
■
.
investments
Miscellaneous
assets
Patents,
trade-rmarks and good-will————
income
Total
■•————™——$436,872
salaries,
Accrued
361,994
74,500
2,037,103
60,962
40,000
300,000
etc
taxes,
credit balances—
and
tax—————
Deferred income on customers' install, notes—
Reserves
for self-insur.—workmen's comp.„—
Reserves for contingencies
-—
for Fedei-al income
stock
Common
Earned
surplus
Total
1034..
■
.
—
—
reserve
and
1943
in
107
11,408,235
2,753,116
—
for doubtful notes
$792,717 in 1942.
tAfter
deducting
■
income
order
An
the
American Locomotive Co.—New
Cyril J. C. Quinn of J. & W.
.
Director-
of
share
and
Accrued
taxes —
Accrued
interest
taxes and contingencies.
of
aid
in
1942
$562,872
216,111
$434,727
Net
from
ry.
54,711
116,874
34,897
income---
oper.
From Jan. 1—
Gross
from
•'
railway.
Net ry. oper. income—
—V. 159, p. 1754.
%
to
amounts
-v
28,458
sales
Sales,
40,257
8,445
9,429
58,235
1,405,507
—
sell.
from
—
2,012,389
79,605,467
1,103,239
70,544,087
1,120,765
66,048,719
1,100,237
193,979
212,180
215,024
$9,787,730
68,951
$'6,634,962
21,133
$5,189,484
$3,181,947
23,873
$2,438,276
290,477
1,224,656
1,124,508
30,310
43,168
145,886
171,657
(except Fed. and
income
Depreciation
262,484
60,600
66,600
—
—
196,449
43,884
47,296
1,634,000
&
Cr70,000
by
Fair
$138,296
$608,801
5,418
4,435
21,392
for
Loss
$142,731
102,515
$630,194
$560,479
prov.
10,625
Balance
148,282
—™—
State
•Includ.
income
$40,216
$45,849
—
467,199
$162,995
377,424
$2,231,890
1,037,841
——
449,169
299,446
$2.18
$1.72
March
Sheet,
31,
1944
property
dividends
Common
Assets-—
and
accounts
$1,321,750;
taxes
accrued
other
than
income
taxes,
$98,743;
Federal
income
tax
series C, of $100,000), $151,588; State
tax, $18,126; interest accrued, $37,511; other liabilities, $241,741; capital stock (issued 104,715 shares). $523,575; earned surplus,
$581,058; total, $5,586,068.—V. 159, p. 1547.
(less Treasury
Consolidated
U.
Balance Sheet,
S.
1944—3 Mos.—1943
1944—12 Mos.—1943
revenues
$588,849
$415,915
$2,272,587
Operating
expenses
414,156
266,710
1,540,346
1,074,519
other
than
1944 </>.-
'
1943
■
$7,680,094
11,587,199
910,031
2,185,677
1—u v •; 169,763
10,887,177
.
receivable
(net)
/
——————™-__'
—
and
6,928,715
902,873
incl. insurance deposits_i—
delivery equipment, net—
——
purchased, less amortization..
buildings and improvements, net
Miscell, investments, net of reserves—"
Leasehold
—
172,661
127,898
1,665,873
$49,330,997 $48,433,983
131,375
payable
year-'
Mortgages on real
600,000
2,730,000
3,020,000
1,000,000
maturing
$6,898,897
200,000
banks,
to
$7,611,666
™1_.
oper.
exclusive
Special
of
estate
instalments
contingency
96,050
129,565
78,679
Minority
12,950
180,630
167,315
Earned
of
and
$324,186
collateral
within
one
15,799
26,574
debt
$86,460
—
$69,100
$339,985
$331,850
23,500
24,119
94,770
800,000
_1—
750,317
740,431
19,521,900
19,725,900
17,517,114
16,648,755
—
—™_—_
—
^
surplus
373
1,493
1,493
deduction
liability
and
of
U.
capital
S.
Treasury
reserve.—V.
tax
1,872
1,705
6,296
5,762
1,141
794
2,886
1,872
$59,574
$42,109
$234,540
$224,864
right unt'l
the
the close
of
^
is
member of the board of directors.
Mr. Wickwlre
President of Mercury Clutch Corp., an Automatic Products sub
also
a
formerly President of the Champlain Corp.—V.
sid'aVv, and was
106.
P.
include The Spun Steel Corp
has elected its Vice-President,
subsid'aries
whose
corporation,
/
159
.
Dividen
-V- Baldwin Locomotive Works—To Pay 75-Cent
declared a diyidend of 75 cents per share
payable June 30 to holders of recor
A like amount was disbursed on June 30 and Dec. 20, las
The.directors
the
15,
June
on
159,
May 25
stock,
common
2187.
p.
$13.
par
•
RR.—Asks Bids on Notes—
has just issued a request for bids on a proposed dssu
of promissory notes, series D. in an amount not exceeding $1,200.00
principal amount, subject to the approval of the Interstate Commerc
Commission.
'v/'/'/'V -:'/
!';•./v
■
The company
will
notes
forwarded to 61 prospective bidders,
have been
invitations
The
eluding banks,
insurance companies
be issued under a
in
and) other-institutional investors'
sale agreement
conditional
an
will mature. in 40 consecutiv
Dec. 1,1944.
The proceeds acquired through the issuance of these notes are 4;
be apnlied to the purchase of 500 steel hopper cars to be built bv th<
assignment, dated July 1, 1944, and
equal - quarterly instalments beginning
to begin
ir
,"
•"
Delivery
Co.;,
Steel
August.
■
■"
the
of
April
for
expected
is
cars
and
Year
to
1944—Month—1943
32,481,678
Maint. of way & struct4,773,038
Maint.
of
equipment—
6,451,490
Traffic
%
526,090
revs
oper.
Date
1944—4 Mos.—1943
30,971,663 122,141,563 114,815,01
3,366,981 16,780,800 12,126,58
5,434,696 25,287,436 21,553,39
486,631
1,819,501
1,772,13
10,266,393
—™
operations
9,190,036
41,767,020
35,848,14
307,511
712,280
255,216
692,228
1,319,967
2,869,567
1,024,65
2,701,09
9,444,876
11,545,875
32.297,272
39,789,00
4,396,852
3,810,548
508,814
14,777,117
14,069,17
1,871,501
1,707,75
162,976
155,837
649,553
604,92
4,360,497
7,070.676
14,999,101
23,407.14
——
expenses
Net
The
trusteers
ago.—V.
159,
p.
of
Associated
2186.
Gas
rwy.
524,553^
Equipments rents (net)
Jt. facil. rents (net)—
Net
ry.
oper.
income
income.
income
Total
558,531
661,052
1,948,251
4,919,028
7,731,728
16,947,352
™———
™_—
2,124,72-
25,531,87
512,31
deductions..—.
66,099
125,412
308,391
charges^.——
2,297,714
'2,580,114
9,219,431
10,300,20!
income
2,555,215
5,026,202
7,419,530
14,719,35
Fixed
Net
159, p. 2187.
—V.
Baragua Sugar
Estates (Ingenios Azucareros De Bara
S. A.)—To Redeem
gus,
Participating Debentures-
participating income debenture
called for redemption as of July 1, 194
at
100
plus 3%%' accumulated interest.
Payment will be made a
The Commercial National Bank & Trust Co., trustee, 46 Wall Street
of
All
the
dated July 1,
New
15-year
outstanding
1932. have been
York, N. Y.—V, 159, p. 1755,
Beaumont Sour Lake & Western
159,
p.
&
Electric
1944
Aprilfrom
Gross
Net
from
Net ry.
from
railway
from railway.——
ry.
—V.
for
1941
$545,029
$255,13
381.734
287,637
131,11
202,642
88,638
197,030
70,40
4,985,149
3,086,712
3,241,767
1,539,918
2,183,556
1,181,597
1,116,82
492,21
743,117
386,106
834,155
245,36
income—
Net
Corp.'report
1942
$790,672
From Jan. 1—
Net
1966.
-Earnings-
$1,304,391
railway
oper.
Ry.
1943
805.951
railway——
capital
flncludes
the
week ended May 26, 1944, n«*t electric output of the Associated Gas &
Electric Group was 133,917,348 units (kwh.).
This is an increase of
3,600,474 units or 2.8% above production of 130,316,874 units a year
•
from
rev.
operations
——
tax accruals
Rwy.
$49,330,997 $48,433,983
notes,
Associated Gas & Electric Co.—Weekly Output—
deducts..
income
stock
disct,
interest—.
inc.
—_™
•After
97,859
373
debt
have
.
loan,
year—
reserve
Lord & Taylor
interest,
tCapital
and
$305,276
310
expense
General
Net
$68,791
299
long-term
on
Amort,
Other
$86,160
(net)
income
Gross
Int.
income.
income
stock
1651.
Wickwire,
Gross
Net
Other
for
Chestnut
subsequent
one
35.370
32,094
and
to convert their stock into common stoc"
of common for one share of preferred.-
1944,
shares
2,529,535
16,753,821 .19,205,030
■/
Liabilities—
♦Current liabilities
25,200
34,233
prof. tax.
15th
\
preferred
ten
1944, at $115 pe~
preferred stock.
Pennsylvania Co.
Annuities,
Majestic Radio & Television Corp.,
N.
Misc.
cash on hand and
-securities—--.i—™:—-—-;
$9,289,317
(net)
a
/ 6,769,316
expenses,
29,100
Fed-
taxes
income
p.
Other
Jan. 31
Land,
$1,755,354
exc.
Taylor,
&
banks,
Inventories
Prepaid
to
Operating
Fed.
Lord
deposits in
Accounts
Notes
Federal
$1.85
tax saving notes,
Arkansas-Missouri Power Corp.—Earnings—
Taxes
1,137,336
$2.37
owned
income
Period End. Mar. 31-
159,
805;645
,
Government
Demand
Fixtures
$2,538,000; second mortgage income
payable, $73,095; miscellaneous, $279;
Liabilities—First mortgage bonds,
bonds,
wholly
.
of $2,493,981'), $4,750,047;
automotive
equipment
(less
805,666
subsidiaries and also
majority of the capital stocks which are owned.
all
•Includes
170,920
equipment in service (less reserve for
construction work in progress,
reserve,
$9,735; investments,
$12,302; cash in banks and on hand, $505,357; accounts receivable
and
notes
receivable, $123,522; materials and supplies, $74,054; de¬
ferred charges, $80,620; total, $5,586,068.
Assets—Plant
$30,430;
—
dividends—
pfd. dividends—
„
depreciation
$2,312,465
$2,623,066
805,674
853,020
the
Balance
281,778
53,406
101,511
—
The
Automatic Products Corp.—New Director—
General
127,054
802,615
398,076
income
pfd.
Second
$183,055
& Fed.
taxes
of
16,
June
basis
Misc.
Earnings per com. share
•Deductions
...
the
of
on
the
Transportation
500,000
,
of
of
——
300,000
200,000
realty,
of
office
Granting
and
Period End. April 30—
$2,503,976
Net
.First
income
Lives
on
the
at
Philadelphia, Pa.
Holders
Rwv.
———;
sale
on
made
91,230
75,696
47,151
65,343
Preferred Stock—
has called for redemption on July 1,
dividends all of its outstanding
Earnings
conting.
spec.-
reserve
17J56
.$194,131
.
Insurances
Streets,
with $41,-
profits taxes compared
excess
$542,524
$188,713
revenue
revenue
16,500
therefor
or
income. and
be
will
Payment
Bethlehem
208,362
Net operating
t
90,500
World's
Y.
bonds
I
154,807
264,880
775,000
1,681,500
Associated
N.
on
240,000
'
Taylor not
i,
$5,145,355 $16,167,463 $20,143,390
accrued
and
stocks
owned
Loss
$3,205,820
$5,210,762
2,220,000
1,800,000
Dry Goods Corp.—
Prov.
'
—
$6,656,095
Cr21,000
f
$2,258,374
—■
21,278
„
contingent
-i
1944—12 MOS.—1943
$582,425
304,071
Maintenance
_
5,266,000
Increase
$636,990
Operating revenue
Operations
Gross
57,740,833
1,026,942
.176,857
$9,856,681
181,406
Inc.—Earnings1944—3 Mos.—1943
Other
600,356
167,534
tax
Amount applic. to
Arizona Edison Co.
48,751,998
1,105,675
398,335
$62,358,725
111,869
Prov. for Fed. inc. taxes
Lord
143,705,046
73,703,983
48,526,714
Autocar Co.—To Redeem
on
excess
344,687
of
of Syste*
1944—4 Mos.—1943.
1944—Month—1943
$63,383,675
133,535
/
w--—
1,439,949
V.-V'.
$7,611,397
Baltimore & Ohio
income
Fed.
in
$5,958,779
$4,050,194
inc.—
The company
share
Thm
31
194]
695,233 '
660,470
$90,768,087 $78,579,217 $72,727,477
income
profits
$1,631,777
1943.™V. 159, p. 2187.
160,000 in
A.
1942
1943
698,660
—^
operating
for
$9,809,598
2,198,201
38,945,033
37,265,334 157,922,010
24,010,798 .19,103,951
92,829,498
_
211,170 Federal
$6,464,024
138,116
Total
2,075,772
'
April 30—
oper.
ry.
The
.
58,034,551
692,190
Note—Railway tax accruals for month of April, 1944, include $8,571,and excess profits taxes compared with $10,735,000
in 1943 and for the four months ended April 30,
1944, include $40,
business
1,625,306
Int. inc. from secur., etc.
J
$2,323,967
tax
Net
$61,758,369
Interest
Net
25,053,642
30,061,765
6,400,464
$7,823,967 $25,534,551 $29,309,598
5,500,000 17,500,000
19,500,000
accruals™,—10,650,196 / 12,722,118
Other debits
233,845
287,910 /
Rv.
on
1,891,605
sold and
gen.
expenses*
for deprec.:.-
Provision
60,391
f
Atchison, Topeka & Santa Fe Ry.—Earnings
Period End.
.
goods
&
200,652
$1,284,932
inc.—
oper.
ry.
year.—V.
!
167,226
159, p. 2187.
764,649
.,
Statements for Years Ended Jan.
2,296,406
tax liability
Period End. Mar, 31—
Net
-V.
544,180
610,109
$90,069,427 $77,918,747 $72,032,244
leased
.z1'.'
—
of
748,552
780,463
$1,888,632
603,700
required for taxes
income
Equip, and jt, facil, rents
*34,928
8,326
—
_L——-
departments
Cost
1,063,043
348,999
113,455
1,695,880
7,681,584
128,241
$92,365,833 $79,931,136 $73,923,849
leased departm'ts
Total
15,510
$6,388,632
4,500,000
revenues™
oper.
Operating
% 491,322
1,12*, 445
1944
369,987
>
Amt.
12,814
12,814
124,947
415,343
Goods Corp.—Earnings-r-
1,670,704
140,383
expenses-
Net
-
Income
net
■y.
47,692
122,909
v
Total
Prov.
1,917,219
545,853
287,633
223,376
V
!,
x.
Operating
$7,288,561
$200,000 in 1943 and $252,000 in 1942.—
v'
i
State
96,103
—
—
•
•Consolidated
'
'
■■
1,935,853
449,438
railway
from
Taxes
941,925
2,568,000
64,742
1944
from
Net
941,925
544,180
•
$331,636
108,475
$166,166
$166,166
—
Associated Dry
1941
railway——$489,647
railway
111,590
;
April—
Gross
Net
;1943
$7,288,561
—
Exp. of parent company
RR.—Earnings—
Ann Arbor
28,100
2,350,000
construction
1754.
Commiss.
51,373
42,743
$196,119.
1944—Month—1943
1944—4 Mos.—1943
$14,070,216 $14,224,431 $55,596,316 $54,363,240
April 30—
revenues
revs
.22,079
depreciation
sales
126,911
Atlantic Coast Line RR. Co.—Earnings—
Period End.
and
Net
p.
exps
25,129
-
p.
159,
oper.
36,142
surplus
158.
Income™1857.
oper.
ry.
1941
1942
$306,480
:;a\''
Operating
V.
1942
$548,235
$1.30
1943
$$280,928
$0.67
Net
oper.
—
—
surplus
•Principal
13,460
1943
1,816,095
697,650
124,828
railway—
railway
Ry.
7,296
-
—•—-----—-
_——
Total
V.
237,568
19.9,275
'
from
Net from
Ry.
credits
Contributions
Earned
From Jan. 1—
Gross
93,329
—
liabilities—;—™:
current
for
oper.
Crl2,085
7,199
term debt
Paid-in
i
'•
9,543
75,747
(par $1)__
preferred stock (par $50)
stock
Reserve
^
170 Federal income
cumulative
Deferred
ry.
Cr9,441
I
„
-•
1,403,802
$429,686
v.'1944
$456,998
174,418
income-™
31,989
43,209
cost.
.
113,788
.
t
155,197
__
.
Net
252,000
$6,464,024
expense
55,094
*3,769.
■
2187.
Gross; from railway
Net from railway™——',;.
119,339
.——
1,623,881
290,044
49,925
$339,732
,
Atlanta & West Point RR.—EarningsApril—
3,081
accounts
supplies, priced at average
29,063
2,557,549
934,852
365,992
533,547
railway.™t—
39,121
———————
uncollectible
87,749
397,095
200,000
payable ——
————--/Dividends payable, covered by special depositCustomers' deposits
;
and provision for Federal
charges
416,826
Liabilities—
6%
from
ry. oper. income
•Deficit.—V. 159, p.
$6,270,594
44,284
$5,224,639
■——--
.-a
accounts
for
Common
Net
Net
—V.
Dec. 31, 1943
——
Total
the
for
company
Co.—Earnings—
1944
—t$325,291
50.77
Proceedings
securities———™———
discount
Debt
-
income and excess profits
tOn the 421,981 shares of capital stock.
tNo
allowance made for renegotiation in 1944 period.
The 1943 earnings
were after provision of an allowance for renegotiation.—V. 159, p. 1547.
•After
99,670
accounts
Other
Reserve
Inc.—Output—
this
Quarter Ended March 31—
per
99,697
1942
$432,762
118,972
2,537,281
railway—
from
Gross
Corporation Corp. 8zSub.
Materials and
Other
Corp.—Bonds Called—
properties
electric
Anaconda Wire & Cable
profit
55,649
1940,
—
Govt,
S.
ry.
1941
1943
264,006
From Jan. 1—
by the Securities and Exchange Commission
integration proceedings under Section 11(b)(1)
Company Act of 1935, which have been
1,
March
plant
Customers'
ending May 27, 1944, totaled 83.133,000 .kwh., an increase of
3.88% over the output of 80,022,200 kwh. for the corresponding week
of 1943.—V. 159, p. 2186.
vV:• ■
V.'/.P-.-V
cNet
$247,361
55,649
:
week
(Earnings
$249,440
Accounts
V.V
the
of
$228,128
56,498
99,688
362,384
$28,377,227 $27,439,928
and accounts of $786,deducting reserve for.,
American Water Works & Electric Co.,
output
124,266
Special deposits
called for redemption as of July 31, 1944, a
total of $800,000 of its outstanding collateral trust 67c bonds, series A,
dated Nov. 1, 1934, at 105 and int. Payment will be made at The Chase
National Bank of the City of New York. 11 Broad Street, New York,
N.
Y., or at the Continental Illinois National Bank & Trust Co.,
trustee. 231 South La Salle Street, Chicago, 111.
The bonds called will be accepted and paid at either of said offices
at any time prior to the redemption date at the full redemption price,
including interest to July 31, 1944.—V. 159, p. 2186.
Power
117,122
Assets—
has
corporation
107,167
Investments
•U.
Net
Utility Holding
since
Utility
2,753,116
Seligman & Co. has been elected a di¬
the late Noah A. Stancliffe.—V. 159,
American Utilities Service
The
$371,626
Balance Sheets,
11,231,088
■'
.
$366,562
against The Middle West Corp. and
its subsidiary companies.
The order directs The Middle West Corp.
to
dispose of its stock holdings in Arkansas-Missouri Power Corp.
and
certain
other
subsidiary companies.
Arkansas-Missouri Power
Corp, has petitioned the Commission for a rehearing with respect to
certain proyisions of the order which direct it to dispose of its ice
properties and minor portions of its electric properties.
40,000
200,000
10,904,445
rector, filling the vacancy left by
2186.' '
entered
was
Public
pending
Long
p.
$3,35,294
$217,075
56,498
99.700
™
&
24, 1944, in the
Jan.
of
from
1,544
105,550
dividends
on
of $6,007,923 in 1943 and $5,780,548 in 1942.—V. . 159,
v";:^
■; V'-vV
depreciation
p.
—
—
,
10,904,445
——
—
™
•After
■
—
surplus
Capital
par)
($20
1,808
;
;
railway-—oper. income—_
Net
$370,083
26,775
oth,. deducts.- 5
dividends
v
250,214
73,317
1,195,556
183,029
wages,
•$364,754 >
$308,519
$322,625
Common
$609,163
deposits
Customers'
Reserve
.
$306,816
15,809
income
and
Net
Liabilities—
payable
80,558
161,714
,v
,
railway
from
Gross
15,109
'
$28,377,227 $27,439,928
—™—-——————————
Accounts
181,964
——
Preferred
90,250
operations——57,626
to
charges
231,000
190,800
Income
oper.
Gross
Int.
527,376
4,041,812
2,250,000
524,564
3,917,575
2,200,000
„-™—'
tCapital
Deferred
102,350
102,449
129,282
•
Integration
$1,648,384
$632,673
8,097,155
5,800,703
6,266,737
8,152,937
5,204;404
5,502,544
460,782
441,633
'":W'V'■
hand
cn
147,461
1,299,250
147,173
tax
profits
1942
1943
and
$2,116,028
1,668,050
■
Net
Sheet, Dec. 31
Assets—
in banks
$2,513,615
taxes-
income
950,000
V';Vv''lv,:-Y.
,
Balance
Cash
$1,727,535
1,047,462
1,392,900
129,236
79,900
—-
.
credit.
$2,099,653
—
in lieu, of ex¬
profits tax—...
cess
$1,317,537 $1,206,832
Dividends
paid —™——™™™—™—™™™—_
1,090,390
1,365,004
Earnings per common share
——
'
$2.42
$2.21
•Including $936,000 in 1943 and $270,000 in 1942 for excess profits
tax after deducting $104,000 in 1943 and $30,000 in 1942 for post¬
profit
revenues
excess
Charge
Other
Net
1942
$663,424
1944
$652,020
135,563
34,147
April—
1943
Operating expenses ___
Taxes, other than Fed.
$4,209,217.
1,640,552
55,976
258,569
1,670,000
100,000
depreciation™™—™™—,—.™.—
•Provision for estimated Federal income tax—
Provision
1,516,75926,047
•
Corporation and Sub.
1942
"
RR.—Earnings-
Atlanta Birmingham & Coast
31
Dec.
Corp.
1943
1943
Gross
Account, Years Ended
Arkansas-Missouri
Income
Co.—Earnings-
American Laundry Machinery
Monday, June 5, 1944
FINANCIAL CHRONICLE
THE COMMERCIAL &
2298
oper.
159,
p.
income—
1858.
Bishop Oil Co.—To
The
directors
on
May 25
Pay Extra
Dividend-
declared > an extra' dividend of
cents
2% cen
share
share and the usual quarterly dividend of 2V2
per
0
common stock, par $2, both payable June 15 to holders of recor
June 1.,
Like amounts were paid on March 15, last.
No extras wer
disbursed dnrine 1943.
'5r ",co " iac7
per
the
Volume 159
•
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4287
.
Canadian Pacific lines in
Boston & Maine RR.—Earnings—
Period. End. Aprit3Q—.
.
Operating
Operating
Taxes
1944—Month—1943
1944—4 Mos.-—19431$7,094,379
$7,367,342- $28,250,214 $28,300,023 I'
4,986,967
4,835,064 21,548,173
19,101,408
,,.886,679
1,019,032
2,790,937
3,667,754)
revenues—
expenses-
———
Equipments rents
(Dr)_
274,575
26,391
Jt.'facil. rents CDr)-vi~
230,225
1,062,120
21,298
<111,563
railwayNet from railway™—^ !
N,et ry, oper.' income—.
1,059,924
.100,578*
$1,261,723
$2,737,421
97,682.;
445,357
Gross
$4,370,359.
418,959
Prom Jan. 1—
Net
Net ry.
•
income-
oper.
$919,767
101,526
Other income
Total
income
•Deductions
'"•'•Net
i
_
$1,021,293
$1,359,405
353,785 V
367,446
u.—w
income U——™
$667,508
$991,959
,
v.;
Nashua & Lowell RR.
Corp., below.—V.
2189.
p.
from
Gross
-
Net
Net
Brazilian Traction, Light & Power Co., Ltd.—-Earnings
from
ry.
9perating
•/
1944—Month—1943
1944—4 Mos.—1943
$4,634,580
$4,087,999 $18,348,662 $16,166,376
2,191,999
1,850,026
8,883,073
7,315,987
expenses——
rNet
$2,442,581
$ 2,237,973
$8,850,389
$9,465,589
tract—
562,161
..
•
:.
■
$102,791
*4,717
*77,685
*203,791
-
v-/'
.
-
985
*111,434
——————
./-r-v'v.'/
on May 31 announced that this corpora¬
produce aircraft parts at its Long Island City
provided the parts can be used by other companies
Corsair fighter planes.
to
plant,
i
employees;'there, •
The decision regarding the Long Island
City plant was announced
E, Wilson, Executive Vice-chairman of WPB.
An expert
Washington at once, Mr. Wilson said, to determine whether
the. Brewster parts can.be used by the Goodyear Co. and ChanceVought, the two other producers of the Navy fighter.
Employees of both plants on May 30 ended their staged "sit-in"
demonstration against Navy cancellation of Brewster's fighter plane
contracts, on assurances from President Roosevelt that steps would be
by Charles
will -leave
•
taken to find other work for the plants.—V.
Burlington-Rock Island RR.
April—
Net
ry.
Net
-Earnings—
'<
1944
1943
$283,410
116,830
$95,963
*5,556
$95,796
income.™
22,793
76,678
*23,845
*10,070
ry.
oper.
864,204
1942
316,362
income.™
159,
965,841
Period End. April 30—
Federal
1941
Other
1944—Month—1943
$436,045
$547,667
288,016
219,872
...
180,796
of
•'
Net
Selling, admin, and
exps..™„
*590
*57,709
1942
,
Net
Other
Total
:
^rov.
income
Fed.
...»
—
profits
excess
taxes
»income
3,359,294
.i—
deductions
for
All
.
—^
Net
$2,186,798
Jan.
$1,274,424
159,
Net
refund
profit—...
paid
Darnings per
1,248,119
484,758
534,757
29,347
37,202
$104,239
$1,085,415
409
59
13,264
Note—Depreciation for the
*
year
$1,098,679
18,842
19,614
230,516
238,808
$59,182
$84,684
period——
$868,163
Cr93,230
applic.
for
stocks
to pfd.
$736,196
1,761,356
ry.
Central RR. of New
from
Net
ry.
Net
,
and
oper.
cash
♦
amount,
$1;
prepaid
Liabilities—Accounts
expenses,
$73,173;
Treasury
tax
"1,412,755;
anticipation
provision
profits
notes and
for
and
hand,
$905,719;
taxes
(less
U.
sret
ry.
income.™
1943
1942
$165,995
56,658
39,607
$181,596
51,548
.
and
from railway..™
1941
$7,919
*77,274-
68,125
651,495
*Deficit.—V. 159,
P.,
689,138
245,884
697,652
331,714
507,519
157,383
216,698
'
the
April—
174,829
298,675
^et
Vet
From Jan. 1—
Dross
from
$178,500
*19,206
*80,563
1943
$143,200
*49,066
*113,204
1942
$194,200
1941
$144,373
22,964
*82,766
608,971
ry. oper. income...
*360,227
•Deficit.—V. 159, p. 1756.
*353,751
*190,590
*784,285
Vet
shares
The
•
income—
p.
$936,332
k
1941
$732,897
196,248
459,401
311,542
330,987
198,774
88,158
4,409,474
.1,712,330
3,705,555
1,211,340
721,456
3,290,157
404,570
;
•'
4,552,912
1,643,212
1,023,048-1,174,608
1,013,531
468,941'
1860.
the
on
common
10.
A similar
were
invited
on
certificates
From Jan. 1—
of
"
'
22,198,186
income—
10,139,758
p.
51,357,239
16,394,748
9,450,901
68,912,660
28,552,171
18,899,829
39,385,892
11,876,171
7,753,988
1968.
Chicago
North
Shore &
Milwaukee
Equipment Transferred—
V
RR.—Title
to
;
transferred title
to all the outstanding and unpaid, equipment to the Trustees for the
company.
This equipment,
costing originally $2,589,232, how, by
Court order, comes under the first and the first and refunding mort-;
gages in their proper proportions.
The company paid $1,329,000 for
settlement
The
1944,
of
funds
on
these
the
of
claims.
involved
on
May 23 formally
.
became
available
for
distribution
on
May
24,
original Equipment Certificates or Re¬
The American National Bank & Trust Co., is Trustee
presentation of
ceipts for same.
.
.
159,
71,859,138
railway™™
railway
oper.
;" Federal Judge Michael L. Igoe
(see
1944
ry.
—V.
.
transmitted to stockholders March 10,
from
Net
Proposed
Corp.—Offer Under
from
equipment.—V.
the
stock
for each share
Chairman, Etc.—
at
their
Rawson G, Lizars
"
organization
of
of preference
Chicago
stock.
•
159,
p.
2191.
held
26,
May
on
board
of
and
Chairman of the board, and
Treasurer.
as
income
for
of
inc.
also
V.
159,
Apr. 30,'4<f
State
taxes
income
"
$12,265,007
p.
/
taxes-i.-™™™>_
,
..
,
.
Division)
$7,280,140
Voting
$7,651,406,
Net'
income. ™™u_!™-
income
per
share-
earlier
new
T.
had
elected
a
new
board
of directors of
board elected, in addition to Mr. Williams, these
Faricy,
Vice-President
and General Counsel;
Conway, Vice-President and Secretary; Lynne L. White, Vice6. Fttzpatrick,, Vice-President
charge of traffic; Frederick O. Unstead, Treasurer; William F.
White/ and H. H. Small, Assistant Secretaries; Harry S, Aldridge,
Barret
President in charge of operations; Frank
3,596,187
3,107,715
2,927,365
7,235,849
3,057,357
3,344,oil
545,838
285,004
278,913"
Assistant
Officers
$887,133
$830,064
$1,101,057
$1.82
$1,70
$2.26
Treasurer.
elected
to
.
-
have offices in New York
are
Carleton H.
Vail
and Treasurers. Harry
appointed temporary VicePresidents. with headquarters in New York.
Directors elected to serve for terms expiring in .1945 are William.
and Lawrence W.'Furnald, Assistant Secretaries
W.
►
William
in
75,324
tNel
trustees
members." The
15
officers:
Apr. 30,'43 Apr. 30,'42
excess
™_-™
2190.
,;
less
^^™__
and
,
Baldwin-Duckworth
r__
exp.,
™_L
Fed.
See
(& Subs.)—Earnings—
profit on sales
admin, and gen.
other
Prov.
approximately 1,124,000 shares of new preferred stock and
shares of new common stock 'Will be-issued. All new stock
placed-in a voting trust.
/
The road has been in reorganization since June 28, 1935.
Rowland L. Williams was elected President of the road'on June 1"
as the road emerged from its reorganization trusteeship.
He had been
Chief Executive Officer.
"
'
^
will be
Secretary; C. Kenneth Hobson as Controller,
.12'Months Ended—'
♦Gross
North Western Ry.—Court Orders Plan
Judge John P. Barnes on May 29 ordered the return of
the Chicago & North Western Railway to the reorganized company
midnight June 1 and directed the issuance of new securities under
the plan of reorganization.
The date for the exchange of new bonds and voting trust certificates
for old securities and claims will be announced later.
New bond
and note issues will total approximately $201,750,000
1,107,000
(Including operations
Selling,
&
Effect—Emerges From Trusteeship-
and
directors.
Mellor Hargreaves
Into
Federal
v
::
meeting,
as
Chicago
<
Rush
and
William
C.
Bohlke
were
.
Commercial and Financial .Chronicle. (Reg. U. S. Patent Office) William B. Dana Company, Publishers, 25 Spruce St., New York 7. N. Y., BEekma'n 3-3341.
Herbert D. Seibert,
William Dana Seibert,; President;-. William
D,
Riggs,1 Business Manager.
Published twice a week [every Thursday (general news and advertising issue)
with a statistical issue
offices: 135 S. La Salle St./Chicago 3, 111. (Telephone: State 0613)
; 1 Drapers' Gardens, London, E. C., England, c/o Edwards & Smith, Copyright 1944 by William B. Dana Company.
,
1942
1943
$1,152,216
252,093
Gross from
1919.
p.
of common
directors
profits
984,900
167,197
railway
Bids
1944.
•
586,300
*140,976
from
of
Products
Arthur Q.: Graves as
*3,460
*81,113
$1,132,883
from
Net
.following officers were continued in tMir posts:
Paul E.
Fischer, Russell R. Galloway and Arthur J. Mohan as Vice-Presidents;
I
England—Earnings—
654,300
*123,428
Vet
107,
Chain Belt Co.
•
railway—.
certificates
249,555
1944
railway
1
from railway—
ry. oper. income™.
from
Co.
an
The
1859,
Canadian National Lines in New
Dross
on
Dowd, former Executive Vice-President, as a new
director and as, president of the company.. Mr. Lizars headed the
•'group-'of..-stockholders which'recently gained control of the company
and ousted the former management.
There is still one vacancy on
*60,613:
310,958
railway..—
7et ry. oper. income.™
two
New
From Jan. 1—
ross
4et from
5
Requisite notice has been given to revoke, as of June 15, the offer
exchange made to prior preference-stockholders.
The plan had
provided that prior preference stockholders exchange their shares on
the-basis of $100 par 4% cumulative income debentures, subordinated,
The
84,048
306,815
1941
1
1944
1943
1942,
railway™™ $17,052,927 $17,703,182 $13,162,980 $10,045,774
2,603,113
7,089,929
3,814,561
Net from railway--.
4,642,166
Net ry. oper. income,™
1,666,237
1,931,700
5,326,117
2,522,834
v.;
named' Hector. J.
$147,890
1,424,592498,238
of
elected
1944
oper,
trust
June
qompany which was
V. 159, p. 1144).
S.
-Earnings—
oper.
ry.
Gross
The corporation on May 31 announced that the the board of directors
had determined not to proceed with a plan of recapitalization of the
*
59,885
RR.
Central
by
Recapitalization—
nd other contingencies, $225,000;
savings bonds, $10,941; capital stock (378,680 shares, no par),2,160,129; paid-in surplus, $414,699; earned surplus, $2,071,298; reerve
for special service benefits,
$55,876; total, $7,067,2647—V. 159,
).2189.
351,610
April—
Equipment
:
Certain-teed
accrued interest of $1,206,730),
reconversion, 1943 renegotiation,
employees' deposits for purchase of
April—
426,220
■■
Commission.—V.
war
ross from' railway..^..
Set from railway..^
2,927,958
2,074,756
$3,970,000, representing 80% of the estimated cost, and maturing in
ten equal annual installments beginning June 15,
1945, and on cer¬
tificates of $3,720,000, representing 75%. of the estimated-cost, and
maturing in 15 annual installments beginning on June 15,
1945.
Acceptance is subject to the approval- of the Interstate Commerce
post-war
Cambria & Indiana RR.
bids
ment
total, $7,067,264.
income
4,931,816
2,140,802
997,764
May 26 declared a dividend of 15 cents per share,
stock, par $5,' payable July 1 to holders of record
payment was made on April 1, last.
In 1943, the
following dividends were paid: Sept. 10 and Dec. 10, 15 cents each;
and Dec. 23, a year-end of 30 cents.—V. 159, p. 1349.
'
-
,
on
railway—
from railway...—
The. directors
its wholly owned
of Pennsylvania, jointly asked May 26
equipment trust issue to finance the cost
of 1,600 new freight cars.
•
v
~
The issue will be known as Central RR. Co. of Pennsylvania equip¬
$432,849; accrued expense other than
accrued payroll, property and sundry taxes, $150,579;
excess
5,792,086
1,305,362
2,023,177
815,787
269,735
2,692.
2,212
Chicago Mail Order Co.—15-Cent Dividend—
v
12,754,247
4,544,528
:
-s
17,142,622
2,170,296
1944
from
Gross
The trustees of the Central RR. of New Jersey and
for
payable,
axes, $133,136;
irovision
for Federal
railway—1.
2,212,141
813,643
308,262
railwayrailway...,
income...
oper.
—V. 159,
20,686,185
54,474
159, p. 2190.
subsidiary,
bonds, $10,941; sundry receivables, $30,004;
)ost-war refund of excess profits taxes, $316,430; investment in allied
jorporations (after reserve), $130,000;
plant and equipment
(less
Ulowance Jor depreciation of $1,450,461), $1,562,955; land
(including
589,831 not used in operations), $494,421; patents and goodwill, at
lominal
from
Issue—
savings
war
998,303
89,892
159, p. 1859.
June
railway.i. ._• 20,147,810
77,168
From Jan. 1—.
$2,976,209
560,964
107,086
1,825,027
627,364
1941
$137,798
208,327
Chicago Milwaukee St. Paul & Pacific RR.— Earnings
contraqts and accounts receivable, $1,226,424; inventories, at
hea lower of cost or market, $2,317,196; employees' deposits for pur-of
Net
1941
$4,977,461
1,709,608"
1942
$506,921
256,776
income—
railway....
Net from railway
:—
Net ry. oper. income—
Centra! RR. Co. of Pennsylvania—Bids on
lotes,
:hase
$5,381,016
1,300,043
436,651
._
income..
Net ry. oper, income..
—V.
vital, is chem-
are
from
Gross
Balance Sheet As at Dec,.. 31, 1943
banks
$4,935,219
railways-
railway—
oper.
1943
$557,836
April
6,674,590
1,638,928
1,037,866
1942
743,968-
$372,733
222,996
•
from
Gross
From Jan. 1—
cal treatment to dissolve and disintegrate
water-deposited scales and
sludges from all types of boilers and other heat exchange equipment.
?uture prospects of this company appear bright.
/
; s
^
;;
in
*
1943
:
Chicago Indianapolis & Louisville Ry.—Earnings—
495,411
364,974
on
plants where savings of time and man-power
deposits
from
Gross
Net
Chemical Co., and Baker Oil Tools, Inc.
International
Inc., is engaged in various old field services in the leading
)il producing states.* Their principal business has been the
cementing
*nd acidizing of oil and gas wells and further expansion of these
ictivities is planned.
A recently inaugurated service, ideal for use in
i..A.ssets—Demand
—V.
Jersey—Earnings—
1944
1,972,473
1944
railway..;.
railway...
from
•
601,220
8,090,367
2,013,461
1,400,514
191,155
From Jan. 1—-
$1,777,518
159, p. 1859.
April-—
ended Dec. 31 amounted to $194,200
1,164,172
7,723,131
2,384,045
859,156
6,474,7^5
3,694,697
1,113,848
from
Gross
461,978
3,208,407
$2.33
9,758,187
3,266,988
506,402
'
•
oper.
from
Net
ry.
378,680
$1.94
10,179,505
income...
oper.
Net
1941
1942
$2,178,187
4,843,288
$881,253
473,350
$1,623,128
Chicago & Illinois Midland Ry.—Earnings—
I
railway.—
railway
oper. income—
$1,936,405
640,840
249,142
April—
Gross
108,054
108,054
12,278,033
Dow
•
$3,317,396
1,386,162
918,051
385,884
from
1941
1942
1943
52,561,108
1,061,038
303,975
$2,540,088
851,117
"
.
1943
$2,998,553
721,901
3,592,323
Dementers,
war
1944
from
12,750,418
—V.
March, 1944, company increased its investment in Inter¬
national Cementers, Inc., to a total of $388,500 by acquiring the entire
hterest therein of Schlumberger Well Surveying Corp.
This transacion makes Byron Jackson
Co. a 50% stockholder in International
lementers, Inc.; the other stockholders being Dowell, Inc., a subsidiary
The
.
285,783
railway....
railway.—..
from
$903,764
charges—
Net
—
-During
>f
7,510,673
33,323,788
9,770,189
5,704,911
'
railway.—
railway..—.
income—
—V. 159, p. 1859.-
$1,142,572
,
from
International Cementers, Inc.
1
15,624,083
/
from
Net ry.
159, p. 2189.
Gross
1943, $188,211 in 1942 and $134,975 in 1941.
n
8,952,337
income
From Jan. 1—
Gross
488
$104,298
:
Net
$2.01
.....
•673,668;
44,267,456
15,855,562
$1,142,084
392,689
$78,024
From Jan. 1—
.,.406,000
473,350
......
share.
common
66,596,465
31,146,251
1944
from
ry.
3,132
(net)—
railway....
Net from railway.—
Net ry. oper. income—
27,808
$760,894
Dividends
76,410,147
32,077,015
2190.
p.
Net
40,750
April—
$1,315,062
Post-war reconversion, renegotiation
'"and other contingencies—
3ost-war
1,696,878
the outstanding Illinois Division mortgage 312%
and 4%'
July 1,
1949, have been called
for redemption
as
of,
1945 at 105 and interest.
Payment will be made at the office
614,543
31,745
36,307
$77,615
revenues-
Editor and Publisher;
on Monday].
Other
Reentered as secondclass matter February 25, ;:1942,. at the post office at. New York, N, Y.,' under the Act of March 3, 1879.
Subscriptions in United States and Possessions, $26.00 per year; in Dominion of Canada, $27.50 per
year; South and Central America, -Spain,-Mexico and Cuba, $29.50 per year; Great Britain, Continental Europe (except Spain), Asia, Australia and Africa, $31.00 per,
year.
NOTE; On account of the fluctu¬
ations in the
rate^j of exchange, remittances for foreign subscriptions and advertisements must be made in New York funds.
•
''
$8,515,720
due
1,
from
Central of Georgia Ry^—Earnings—
•
40,637
$1,904,088
13,003
225,000
tax credit..——
1941
1942
1943
of J. JP. Morgan & Co. Incorporated, 23 W.all St., New York, or at the
New England Trust Co., trustee, 135 Devonshire St., Boston, Mass.-—
V.
Net
income™™——
-V.
912,374
$1,829,380
74,708
2,373,4013
437,380
284,363
.
of
bonds,
Net
41,500
income
Dividends
and
—
railway--.-,.
railway—™
oper.
2,983,322
1,073
income
Gross
(ncome
1944
'
railway
from
ry.
«Balance
48,095
-
.
from
Net ry.
—
.
1.061,926
497,071
312,535-
From Jan. 1—
Gross
Net
Dither income
„
railway— $17,815,743 $17,016,858 $11,258,435
6,450,890
7,306,348
3,453,433
oper. income™.
3,628,337
1,674,679
1,854,614
Net ry.
Gross
limited-term '
<
1941
$4,163,467,; $2,890,346
852,267
1,060,966
$3,311,199
92,538
from
•:
—
1859.
p.
from
Net
gen.
1,268,341
391,361
•
April-
1944—12 Mos.—1943
$6,281,837
$5,704,597
99,848
'
oper.
Interest
1943
profit
562,868
293,356
-
106,656
1,491,034
660,780
income—
Bonds Called—
'
Byron Jackson Co.—Earnings—
Years Ended Dec. 31—
72,725
1,565,949
"
96,21460,057
Chicago Great Western Ry. —Earnings—
3,327,883
901,829
452,605
taxes
Amort,
359,574-
72,870
4,317
212,471
159,
Net
1
p.
oper.
April—
•
39,615
:
expenses
taxes
Gross
Gross
revenues
Prop, retire, res.approp.
3,411
495,202
360,074
Income—
1941
$252,586
142,640
share
per
investments
from
'< •Deficit.-r-V.
cents
75
1942
-
•
:
$199,956
57,921
railwayfrom railway——
Net
of
178,680
Chicago Burlington & Quincy RR.— •Earnings—
1036.
Prom Jan. 1—•
Gross
ry.
Gross
Central Arizona Light and Power Co.—Earnings—
Operating
Operating
—.
oper.
dividend
A
p.
159, p. 2076.
railwayrailway
from
from
oper.
from
railway—
Net from railway——
was
has been declared on the new
common stock, par $25, payable July 1 tot holders of record June 12.
.This is equivalent to $3 per share on the old common stock of $100
par value, which was recently split up on the basis of four new $25
par shares for each $100 share held.
Payment.s in 1943 on the $100.
par stock
were
as follows:
July 1, $3,. and Dec. 24, $4.—V. 159,
*
Net
ry.
Net
(J. L) Case Co.—75-Cent Dividend on New Stock—
;
capital and,
Prom Jan. 1—
Gross
Net
-Earlier, the Navy had announced plans to take over the company's
Johnsville, Pa., properties and give jobs to about 2,500 Brewster
cur-"
other
$341,762
1943
$388,911
136,182
railway—
from- railway—'
Net
;
1
1944
$385,895
.
from
Net
;V
Gross
April—
Gross
denied exemption May 27 from competitive bidding
requirements of the Securities and Exchange Commission in a financing
program which involved the proposed issuance of $16,000,000 of 4% 1st mtge. bonds to refund all or part of its existing funded debt of;
$17,963,930. Dillon, Read & Co. and Alex. Brown & Sons have been '
employed by. the company to assist it in formulating its financing
program.—V. 159, p. '1036.."':> /. •
v-..
$1,350,000;
loan),"
:
.
1944
1943 V \
$6,106,000' $5,600,000
21—
("VT"
.
Charleston & Western Carolina Ry.~ -Earnings-
437,047"
442,461
loan
and contingencies,
$2,276,668; deferred income, $5,213;
surplus, $8,104,642; total, $14,583,692.—V. 159, p. 932.
*32,046
•'
450,280
*137,048
*277,657
"
liabilities; including income and excess
profits tax accrual'
(less U. S. tax notes of $6,380,230), $2,847,168; reserve for inventories
1941
$117,130
*11,497"
*43,259
-
*56,414
S. Government securities, $607,083;'
(less reserve), $3,514,204; inventories,;
rent
1942
$138,349
•19,455
.
receivable
( Liabilities— Bank
2076.
The company
The Wax* Production Board
making
739,503
Vermont—Earnings—
1943
accounts
$3,131,852; other current assets, $405,136; fixed assets, (less reserve
$4,684,923), $2,540,097; patterns and drawings, $1; deferred charges,;
$181,224; post-war refund and other assets, $925,584; total, $14,-
Capital Transit Co.—Loses in Plea from Exemption of
Bidding Rule—
,;;Brewster Aeronautical Corp. —May Receive Parts Con-
continue
income—
p.
and
-r-V.
earnings (before
," deprec. and amort.)
—V. 159, p. 1967.
will
1,750,566
Canadian Pacific Railway—Earnings—
—V. -159,
Y.)
-
835,756
1,923,143
861.995
686,797
__________
_________
(N.
1,932,426
835,178
-.631,227
465,302
*201,742
*364,241
railway—
oper.
Balance Sheet,'April 30, 1944
$3,278,510;• tl.
Assets—Cash,,
583,692.
railway-
Week Ended May
Traffic
earnings -
»».....
tion
1,078,248
v
;•Deficit.1—V. 159, p. 1859.
(Expressed in U. S. Currency)
Period End. April 30—
Gross earns, from oper.
$463,636
193,564
152,847
1—.:''v
Prom Jan.
159,
203,177
V, "
1859.
April—1944
Gross from'railway—:. !■ $138,566
Net from railway..™™
;
*22,048
Net ry. oper. income—
*63,488
$3,308,390*
$1,736,748
2,365,046
Canadian Pacific Lines in
$4,789,318.
1,430,928
;;v'--v\
159, p.
$547,336
247,627'
213,740
.
notes,
railway
railway——"
from
1941
L
;'
Net-ry.- oper. income—
—V.
A:V
'
See
1,.446,030
,
.-•Rentals, interest, etc.
*■. Acquisition—
$3,182,778
194,104
1942
$586,994
268,231
255,538
from
Gross
»
1943
$556,268
t
'•After' provision for depreciation on plants and equipment and in'
1944 also after approximately $1,340,000 for special reserves,
ton
486,775 shares of capital stock outstanding exclusive of treasury stock,:
Maine—Earnings—
1944
" April—
■
from
,
2299,
President
.
Counsel
President of
Sweatt,
Frye, manufacturer,
&
ner
of
.
_
J.
P.
New
.
.
.
,
.
.
T
A.
$1,137,713
$1,009,797
$705,147
585,377
619,421
574,973
474,891
362.271
April-
ry,
income-.,—.
oper.
2,287,914
railway-
from
Net
income—
Net ry. oper.
—V.
9,444,367
30,682,514
\ 7,210,377
June
trustees.
,,
V
.
'
1943 income was the largest in
report states that the
The
,
amounted
While
in
to
such
1943
16.19%
of
costs had
the
total
declined to
operating revenues,
of the total railway
railway
10.55%
Durirjg the current year, the Rock Island expects
to add 20 diesels to its equipment.
Total operating expenses in 1943
amounted to 59.43% of gross operating revenues, compared with 61.71%
in the previous year, although wages reached a record high peak in
1943 and fuels, materials and supplies were higher last year.
Oper¬
ating expenses reached a high of 89.14% of gross operating revenues
in
1935.'
'
Earnings for
April and Year to Date
operating revenues.
1944—Month—1943
1944—4 Mos.—1943
Ry. oper. revenue—— $14,591,063 $15,212,934 $59,589,951 $57,069,563
Operating
expenses——
*9,414,761
8,360,525 *36,703,243 31,828,018
Net rev. from ry. oper.
5,176,302
6,852,409
22,856,708
25,241,545
Net ry. oper. income—
t2,028,479
3,600,924
19,387,395
15,563,613
Period End.
April 30—>
April, 1944, and $2,387,000 in¬
creased
wages
four months' period 1944; not in effect last year.
tAfter deduction of Federal taxes of $2,000,000 in April, and $8,750,000
first four months' period 1944.
Federal taxes first four months 1943,
$5,000,000.—V. 159, P. 2191.
;
,
v',
;
$551,000
^Includes
increased
wages
.
.
..
Chicago St. Paul Minneapolis & Omaha Ry.—Earnings
1944
Gross
railway
railway-
Net
$2,145,358
397,621
income—
207,914
from
Net from
oper,
ry.
1943
$2,147,610
642,572
472,601
1942
Loss
$1,393,541
225,948
51,775
8,135
Net
8,459,983
6,977,898
railway....™
from
Net
ry.
—V.
9,024,046
2,058,065
2,245,626
Income
1,055,904
1,471,408
1,310,627
388,373
oper.
159,
p.
for
.
for
redemption as of Sept.
1,
Trust
Co.,
Certain
not
been
St., New York, N. Y.
bonds of this issue, previously drawn for redemption,
presented for payment —V. 158. p. 2249.
trustee,
Net
1944
from
ry.
railway
railway...—
oper.
from
Net
from
Net
ry.
income..
—V.
railway
railway
oper.
159,
p.
$5,499,067
have
Ry.—Earnings—
1943
1942
$3,014,940
$2,444,926
1,437,240
1,066,808
719,540
434,177
298,673
369,698
441,211
12,749,233
12,045,600
8,746,237
6,925,730
income..
5,398,413
5,913,659
3,461,508
2 873,163
1,724,486
1,854,122
1,618,090
1,953,312
1757.
statements
for
the
includes,
tax.
50,000
credit
inc. taxes
883,000
99,000
305,000
1,159,147
providing
$3,105,170
198,750
198,750
200,437
203,972
for
$6,800,000
paid and decl.
562,800
1,688,400
on
565,000
and
deducting
charged
$34,494-
to
capital
tTo officers
surplus.
Sheet, Feb.
Balance
26,
1944
at cost, $224,970;
Assets—Cash, $2,403,274; U. S. Government bonds,
receivable
accounts
from
and
income
the
of
providing
retirement
commenced,
directors of the corporation as of March
1, 1932 and March 2, 1935, with subsequent additions at cost (less
reserve
for depreciation of $6,700,384), $7,389,786;
deferred charges,
$603,637; total, $22,763,373.
/-■, ,■
.
.
.
$1,010,741; accrued salaries and wages,
$149,941;
(other than taxes based on income),
sundry accruals, $115,711; provision for taxes based on income, $1,072,680;
dividend payable on preferred stock, $49,688; dividend payable
on
stock,
common
$140,700;
cumulative
vertible
for pensions, $150,159; 5% con¬
stock ($100 par), $3,975,000; common
$5,650,000; capital surplus, $1,867,793;
reserve
preferred
(1,565,000 no par shares),
earned
total,
surplus, $8,398,790;
as
profits
$22,763,373.—V.
159,
p,
of
Price
with
$5,575,302
the
from
from
from
Net
ry.
fiscal
been
fiscal
income
oper.
Net
from
Net
ry.
—V.
248,262
178,866
39,739
4,265,379
2,891,950
1,687,646
873,438
2,353,931
674,103
1,016,711
550,510
301,070
252,541 •'
as
thinks
income—
would
be
so
to
as
Colorado and Wyoming
.
from
railway—_
Net from railway
Net ry. oper. income
Ry.—Earnings—
1.944
$133,608
40,246
'
26,064
From Jan. 1—■
Gross
from
1943
$149,955
.
65,956
22,900
of
airplanes to
reductions
made
the
Government
the
during
year,
of the amount already
excess
On
June
conform
net
of
income
the
39 Weeks Ended—
619,731
275,404
93,166
147,697
1,
1943,
556,899
248,254
119,970
524,753
266,449
158,586
,
*
Mar. 25, '44 Mar. 27, '43 Mar. 28,'42
$4,685,000
3,195,000
$3,320,000
-' 2,288,000
$1,590,000
—
profit for the 39 weeks period
common share..
$1,490,000
$3,64
$1,032,000
$2,39
$942,000
taxes
.
(incl,.excess profits tax).
Net
Earnings per
—V.
i
™
Fed.
159,
1248.
p.
Columbus &
Net
1944
\ $122,329
railway^.—
from
Net
ry.
17,041
income—
5,544
oper.
,
648,000
and
cash
the
refund
no
from
Net
from
Net
ry.
railway..™
507,929 ^
101,102
40,786
income—
159, p. 1757.
1942
$107,054
*6,349
*11,186
1943
$127,788
.24,548
9,332
1941
$106,182
26,622
14,216
519,842
123,656
50,039
412,199
36,055
*7,582
i
,
409,053
81,229
40,879
;
Commercial Investment Trust Corp.—60c. Div.—
directors
declared a quarterly dividend of 60 cents
stock, no par value, payable July 1 to holders
record June 10.
A similar distribution was made on April 1, last,
compared with 75 cents on Jan, 1, 1944, and in preceding quarters.
—V.
159,
the
be
price
and
in
required
credit
of
million
200
dollars
was
the amount actually being used.
During the last fiscal,
company borrowed varying amounts up to 50 million dollars,
opinion of the management the financing problems arising out
the
of
the
the
wartime
company's
business
adequately
are
credit.
provided
.1
Income
•
by
for
•
Statement, Years Ended Nov. 30
*1943
11942
.
for renegotiation refund) 831,295,737 379,022,351
Other
income
(Principally
Interest
earned)—
income
Total
Wages,
salaries, materials and other costs
bank
on
Past service
loans.—
retirement
371,952
301,580
831,597,317 379,394,303
733,510,793 327,481,919
861,267
1,183,562
plan costs and
excess of
'
costs
over
Normal
assets of sub.
and
surtax
549,937'
taxes
1.243,700
income
32,907,543
5,700,000
20,875,544
—,u.
4,889,667
67,983,718
6,800,000
——™™
7,003,970
•Statement
showing income of the company, combined with that of
Aircraft, Inc., for the period from Dec. 1, 1942 to March 31,
(thereby showing income of the company as now constituted).
Vultee
1943
(Statement
showing income of the company combined with that of
Aircraft, Inc. (thereby showing income of the company as now
constituted).
■
;•
•
-
,s.". ■/v;'"':
yVV
j
tAfter deduction of debt .retirement credit of $5,575,302 in
post-war refund of $2,047,000 in 1943
charged to cost and
$3,473,674 in 1942.
of
in
facilities
and
emergency
expenses
,
and $459,303
aggregated
1943 and
1942.
$3,523,445
,
depreciation
in
1943
and
'
'
Consolidated
Balance
Sheet,
Nov.
30,
1943
Assets—Cash,
$66,724,446; U. S. Treasury certificates, $13,000,000;
(including $78,303,828 due from the U. S. Gov¬
$84,766,972;
advance
payments
made
to
subcontractors,
$1,226,743; unreimbursed expenditures under cost-plus-fixed-fee con¬
tracts (less reserve for possible disallowance of expenditures", $4,625,-,
receivable
accounts
ernment),
369,, $45,241,616;
inventories,
receivable
accounts
$158,280,583;
from
U.
S.
investments
Government
in
under
securities,'
emergency
amortization of $9,230,912), $16,068,529;
total, $393,530,708.
\
:
deferred
charges,
$1,268,934;
Liabilities—Notes
payable—banks—regulation "V" loan, $10,000,000;
a«d wages payable, $85,909,859; progress payments received
fixed-price contracts, $69,730,279; Federal Income and excess profits
taxes, $73,441,690; accrued taxes (other than Federal Income taxes),
accounts
on
railway—
oper.
refunds
should
plant facilities contracts ($2,142,554 assigned as security for note
payable), $4,367,434; post-war refund of excess profits tax, $2,499,605;
property, plant and equipment (less reserves for depreciation
and
From Jan. 1—
Gross
of
the
in
$85,846;
$2.15
Greenville Ry.—Earnings—
railway——
from
■
;
April—
re¬
1942
taxes
provided.
three-pear
a
Note—Amortization
Operating profit
for
1943
the
credit less
year
Net
1941
$124,029
59,847
36,463
Columbia Pictures Corp.—Earnings—
Prov.
the
after
arranged under Regulation V of the Treasury Department with a group
of 123 banks located in 55 cities throughout the country, the Chase
National Bank serving as clearing agent,
The credit agreement pro¬
vides for an interest rate of 3% on funds borrowed and a standby
charge at the rate of one-quarter of 1% on the maximum amount of
Vultee
216,536
Net ry. oper. incomes-■
—V. 159, p. 1806,,
■
1942
$145,379
61,867
30,450
o
589,876
railway.—
from railway
Net
been
to the amount of
should be made
the settlement for
as
reduction
a
profits tak——
Provision for post-war readjustment™
April—
not
a
$2,-
$7,500,000.
It is the opinion of the management that,'
exceptional production record, the substantial reduction in
the
to
tExcess
159, p. 2192.
Gross
have
tax,
of
approximately
due
Interest
railway
oper.
1941
137,576
1943
V-v..
'railway
from
of
for
Vultee
$585,569
258,902
-
From Jan. 1—
Gross
1942
$774,513
428,510
1,044,058
.
of
refund
year
given
Board
the same general basis
there
year,
Sales (after provision
5,098,129
1,962,600
railway——
railway
total
profits
excess
post-war
a
1943
has
approximately $251,000,000.
v-'.-'
a
further refund were required,
Consolidated
$1,112,538
1944
$1,261,495
482,014
April—
income
retirement
a
3943, would have amounted
post-war readjustment.
and
Adjustment
that
"'.".a;;:,;..:
Net
net
debt
a
$2,047,000,
for
deduction
If
1037.
Colorado & Southern Ry.—Earnings
Gross
income,
net
This
tax,
of
$6,800,000
a
indication
no
the
negotiations to
by officers and approved by
stock
change as a
of reserves
has been made in the accounts for a refund of $80,000,000.
Including this reserve, the total reduction to the Government in the
price paid for airplanes and parts in the 1943 fiscal year, including
voluntary cash refunds and price reductions already made, amounted
cost
accrued taxes
credit
and
which
refund
readjustment.
refund
1942 tp March 31,
includes,
047,000, a total of $7,622,302.
Renegotiation proceedings for
a
subsidiary company, $621,537; cash surrender value of insurance
on lives of officers,
$588,011; investment in 2,200 shares of
corporation's, common stock, $6,765; property and plant (as revalued
■Liabilities—Accounts payable,
to
excess
renegotiation,
company/combined
1,
after
income
net
to
$182,171;
in
.vf-a-.'-.v
net
$20,875,544,
The
raw
policidk
'
to
as
excess
post-war
the period from Dec.
(net), $2,810,913;
due from employees, $4,235;
materials, work in process and finished goods, at
the lower of cost or market, $7,961,261; advance payments with respect
to purchases
of raw materials, $130,796; post-war refund of excess
profits tax of company acquired and dissolved during year, $18,187;
investment in and advances to Collins & Aikman of Canada, Limited,
of
inventories
profits
Provision
employees through participating fund.
Consolidated
are
of
post-war
deduction
a
$5,143,000
$7,190,000.
debt
on
subject
year
qualifications
foregoing
as
of
the
$800,951
the
renegotiations
possible
year ended Nov. 30, 1943 (excluding Vultee Aircraft, Inc., for
four months to March 31,
1943), amounted to $19,267,941, after
510,771
common
on
May
25
common
$5,663,316; liabilities for refund on renegotiation of U. S. Government1
contracts—year 1942, $14,742,978; provision for renegotiation of U. S.
Government contracts—year 1943, $80,000,000; long-term note payable
—bank—2%%—payable 1943 to 1947, $2,142,554; reserve for post-war
readjustment, $12;500,000; reserves for contract guarantees, replace¬
of
ment
parts,
etc., $600,000; $1.25 cumulative convertible pfd. stock
shares), $4,574,798;- common stock (par $1), $1,385,surplus, $6,866,140; earned surplus (including amount of
segreated
as
provision
for
sinking fund
requirements of
(204,819
945;
no
paid-in
$500,000
preferred
par
-
stock),
$25,973,149;
total,
$393,530,708.—V.
159,
p.
1248.
1757.
p.
Continental Motors Corp.—Earnings—
Commonwealth & Southern Corp.—Weekly Output—
of
weekly
this
kilowatt-hour
output of electric energy of subsidiaries
adjusted to show general business conditions of
corporation,
territory served, for the
as
compared
1943. an increase of
week ended May 25, 1944, amounted to 24.1,229,546,384 for the corresponding week in
159, p. 2192.
with
12,222,105, or 5.32%.—V.
Years End. Oct. 31—
Consolidated Edison Co. of New York, Inc.—Output—
announced that System output of elec¬
tricity (electricity generated -and purchased)
for
the•» week ended
May 28. 1944, amounting to 3 88,700,000 kwh., compared with 176,800,000 kwli. for the corresponding week of 1943, an increase of 6.7%.
Local distribution of electricity amounted to
185,400,000 kwh., com¬
pared with 175,100,000 kwh. for the corresponding week of last year,
The
an
company
increase
on
May
of 5.8%.—V.
31
159,
p.
2192.
1943
1942
Operating profit ™_™_*$27,433,366 $23,739,306
Other
income
other
and
Excess
Prior
™—1_™
income
Total
Int.
Post-war
Federal
$1,760,906
1,490,173
the
the
the
128,085
1941
$3,375,125
would have totaled $831,295,737, after a renegotiation pro¬
$80,000,000, of
which $1'0,000,000 was. applicable to
the
Vultee Aircraft, Inc., for the four months to March 31,
Financial
79J599
$122,839
30, 1943, after
renegotiation refund,
amounted
to
the two companies for the entire
a
of
of
of
25,000
$1,253,727
,
already established.
for
73,886
figures, for 1943 show Consolidated Vultee
deliveries of 126 million pounds of aircraft
$70,000,000 for
Combined, sales
..
1943.
With
—
The
From Jan. 1—
Gross
$1,706,856
479,056
paid and decl.
preferred stock
16 Wall
April—
from
$754,570
sinking
Cincinnati New Orleans & Texas Pac.
Net
of
$5,424,013
75,053
6,000
Divs.
768.489.
Gross
year
$1,583,580
123,277
1122,170
Board
to
as
for
of
$673,175
81,395
399,837
942,554
50,456
1944,
provisions
$2,688,940
48,893
income
*After
of con¬
and Vultee Aircraft, Inc., in 1942,
Sales of the company for the fiscal year ended Nov,
13,910
for Fed.
Divs.
escalator provisions
under
craft Corp.
512,821
Prov.
The
has called
due
world's
spares,
fiscal
*17,150
the
is
compared with 115 million pounds for the second largest
producer and 73 million pounds for the third largest producer.
The 1943 output of 126 million pounds was nearly two and one-half
times the 53 million pounds combined output of Consolidated Air¬
Prov. for Fed. e'xe. prof.
fund, $363,000 of its outstanding first and
refunding mortgage 4(4% sinking fund bonds, series D, due Sept. 1,
1962. at 100 and interest.
Payment will be made at the Bankers
the
and
18,616
532,490
for State inc.
Net
These reductions were
and price reductions and
They do not include the
cash
refunds.
other manufacturer.
any
Production
operation
_
Prov.
of
of
amounts
Vultee
largest produced with
vision
pensions
Depreciation
1860.
company
Statement for Fiscal Years
5,659,157
Chicago & Western Indiana RR.—Bonds Called—
account
(& Subs.)—Annual Report—
———
per share on
The
•
War
the
Mar. 1, '41
(net)
•Deficit.—■■V.
railway.—
from
V:'.vv
than
bombers
per
Feb. 28, '42
property
From Jan. 1—
Gross
Div.—
cents
50
of
Additional compensation
Prov.
of
cash
largest producer of aircraft.
A'
congratulatory telegram received in January from, the War Produc¬
tion Board revealed that the,company delivered over 12% by number
and over 16%
by weight of all aircraft built in the United States.
The difference between number and weight in percentage increase was
due to the fact that the company produced more heavy fouv-engined
sale of revalued
on
further
for
substantial
result
1941
$1,695,056
285,707
of
Consolidated
$2,737,832
income
Gross
April-
waiver
refunds
voluntary
reserved
Feb. 26, '44 Feb. 27, '43
Total
year, the
all-time peak
ment
was
dividend
-
profit from oper—
Other
ceding
economies by reason of decreased
operation and much greater avail¬
ability of the diesels than the steam locomotives replaced.
Because
of their practically 100% availability, the use of diesels has enabled
the replacement of more than double the number of steam locomotives.
In the period March, 1937, to Dec. 31, 1943, this railroad had placed
in service 76 diesel switching locomotives and six combination road
freight-switching locomotives.
In 1936, cost of maintenance of equip¬
amount
interim
an
payable June 26 to holders of record
paid on March 25, last, and in each
Comparative Consolidated Income
the his¬
power has resulted in marked
cost of maintenance, reduced cost of
stock,
Period Ended—
,,
diesel
declared
of $1.75 per share on the preferred
declared, payable July 1 to holders of record June 23.—
2077.
.''V".
-V.V: ^ "v.:< >:> V
p.
price called for in original contx-acts.
through
amounts
$797,199,544.
Net
1943 net increased $1,925,015.
In comparison with
year of 1929, the net railway operating income for
1943 increased $11,946,074, or 48%.
,
The freight revenue of $123,264,017, passenger revenue of $40,018,856, and the total railway operating revenue of $176,644,686. for the
year 1943 are the peak revenues for all time, the trustees also pointed
out; the freight and total operating revenues increasing over the, pre¬
vious peak year of 1929 $9,666,980, or 8.5% and $28,923,124, or 19.6%,
respectively.
The passenger revenue is an increase over the previous
peak year of 1920 of $4,545,918, or 12.8%.
:
The transportation cost of handling the increased volume of business
in 1943 was $1,596,831 less than 1929, and the total operating expenses
were $3,580,279
less than 1929, despite substantially higher wages in
1943 and not withstanding taxes in the year 1943 aggregating a total
of $29,090,642, as compared with taxes of $8,212,087 for the year 1929.
The report of the trustees further
states that the total tons of
revenue freight moved one mile in 1943 were 14,126 million,
21% over
1942 and the largest in the history of the railroad;
the number of
revenue passengers carried in 1943 was 15,467,000, 26%
over 1942.
It was also pointed out that it was only because of the increased
tonnage that the freight revenue for the year established an all-time
peak, that the revenue per ton mile derived therefrom was the lowest
it had been for a considerable number of years, decreasing from 1.15
cents per ton mile in 1929 to 0.87 cents in 1943.
The total principal payments made during the year by
the Rock
Island amounted to $8,654,000 and reduced the outstanding
equip¬
ment indebtedness as of Dec. 1, 1943, to $11,974,000.
The increases in wages as awarded in settlement of the issues in¬
volved resulted in an increase in the 1943 operating expenses and pay¬
roll taxes of the Rock Island Lines of $4,189,535.
By reason of the
higher wages now in effect, the increase in the payrolls and payroll
taxes for the calendar year 1944 is estimated to approximate $7,450,00.
The most important project undertaken during the year, the trus¬
tees stated, was the change of line and grade reduction on the main
Chicago-California route between Eldon and Perlee, Iowa, a distance
of approximately 23 miles at a cost of $2,450,000, .and it is anticipated
the line will be completed for service the latter part of this year.
The
project is part of a program involving line relocation and grade reduc¬
tions shortening the distance between Chicago and Kansas City.
The trustees also announced that an agreement had been reached
with the trustees of the Chicago, Milwaukee, St. Paul & Pacific Ry.
Co. for the joint construction and owneship of a new bridge across
the Missouri River at Kansas City and a new connecting line of rail¬
road between Birmingham and Kansas City.
All of the grading for
the project and about 85%
of the piers and abutments for the bridge
were completed in
1943.
When the new facilities are completed they
will afford a shorter route
to Kansas City for both passenger and
freight trains, and will also provide a direct entrance for passenger
trains into the Kansas City station.
^
" VV-The report of the trustees also commented on advantages in-the use
of
diesels on the railroadrsolines. • The report said:-o..f'The use. of
1,739,862
;.
■
Collins & Aikman Corp.
tory of that railroad.
After the payment of interest being met by the
trust estate, and providing $21,100,000 for Federal income taxes, the
figure shows a net income of $37,037,708; in comparison with the pre¬
the
2,016,488
1,763,695
also
was
Pacific Ry.—Trustees' Report
with respect to the affairs of the trust estate
for the year 1943, was filed on
May 23 with the Hon. Michael L. Igoe, Judge of the United States
District Court of Chicago, by Joseph B. Fleming and Aaron Colnon,
and its subsidiaries,
company
have
common
like
A
159,
report to the Court
this
the
on
16.
stock
;
Chicago, Rock Island &
:
quarter during 1943;. •.
The usual quarterly dividend
3,716,759
159, p. 1968.;
A
2,527,225
2,060,451
directors
The
V.
of
2,126,791
p.
made
tracts,
3,445,712
3,919,996
2,174,135
Cluett, Peabody & Co., Inc.—Interim Common
1,322,078
38,971,046
9,372,211
5,014,703
49,445,724
17,128,503
52,689,434
14,868,379
7,603,447
2,605,799
income—
1860.
^
oper.
159,
share
railway
from
from
ry.
—V.
From Jan. 1—
Gross
4,519,087
$8,464,062
$13,149,186 $10,695,381
3,478,980
5,106,291
3,293,175
1,580,547
2,887,210
1,771,068
railway———
from
Net
1941
1942
502,997
4,865,911
from
Net
Date
1943
railway—— $12,946,559
from
Net
to
Year
and
1944
469,236
railwayrailway-
300,767
From Jan. 1—•
Gross
Consolidated Vultee.
Consolidated Vultee reduced the
delivered by $251,000,000
were designed and developed by
the year ended Nov. 30, 1943,
below the
$1,142,808
Net
April
1941
1942
1943
railway——
from
from
Vultee Aircraft Corp,
Consolidated
cost to the Government of airpianes and parts
railway—..
Net ry. oper. income—.
Net
of
merger
Inc., took place on March 18,
In
1944
April—
.
,
Schmidt, Jr., Assistant
Treasurer
Insurance Co.; Leonard E, Hurtz,
President of Fairmont Creamery Co.; Mr. Williams, Mr. Farley,-and
John Nuveen, Jr„ of John Nuveen & Co., Chicago.
Eugene
expiring in 1947:
of
Metropolitan Life
terms
Gross
Vr:
Consolidated Aircraft Cbrp. and Vultee Aircraft,
1943, under the above name.
in 1943 was the largest producer
of airplanes in the country measured by both weight and number of
airplanes delivered.
All the airplanes delivered in 1943 by the com¬
The
pany
Gross
'
for
158, p. 2359.
York, N. Y.—V.
Clinchfield RR.—Earnings
Minneapolis-Honeywell Regulator Co.; William C.
and Meyer Kestnbaum, President of Hart, Schaff-
Earnings
at 112 and interest.
Insurance
Life
Marx.
For
bonds, series E, due Feb, 1, 1969, out of sinking
Payment will be made at the office
Morgan & Co, Incorporated, sinking fund trustee, 23 Wall St.,.
mortgage 3%%
fund moneys,
Co.; Fred N. OliveiL General
Association of Mutual Savings Banks, Harold W.
Mutual
National
of
first
1, next, $38,000 of
called for redemption as of Aug.
There have been
struction Finance
Northwestern
Consolidated Vultee Aircraft Corp.—Annual Report—
Cincinnati Union Terminal Co.—-Bonds Called—
Buchanan, President of Appieton Wire Works; John H, MacMlllan,
of Cargill, Inc.; Howard J. Klossner, a director of Recon¬
Corp.; Harry L. Wells, Vice-President, and Business
Manager of Northwestern University, and Walter P. Paepcke, President
of Container Corp. of America.
*
.
.
For
terms expiring
in 1946: Frederick W, Walker, Vice-President
E.
of
Monday, June 5, 1944
FINANCIAL CHRONICLE
THE COMMERCIAL &
2300
deducts.
reserves
income taxes
longer
Net
taxes
required
shr.
per
stock
$27,532,098 $23,755,357
218,947
32,473
250,000
250,000
$6,857,878
$1,013,475
126,154
262,632
250,000
2,600,000
1,700,000
(19,327,500 (15,400,000
1,550,000
Cr483,169
on
—_™
139,000
;'L_„'™'
$7,493,820- -$5,742,884' $3,231,724
1,800,000
1,500,000
paid
Earn,
$971,659
41,816
no
profit
Dividends
1940
42,841
725,000
profits taxes_„_
years'
1941
$6,815,037
16,051
98,732
$611,843
cap.
$2.50
$1.82
$1.07
$0.20
Volume
at
•Arrived
war
service,
and
$164,326,078;
& FINANCIAL CHRONICLE
Accounts
payable
•Federal
and administrative expenses, $4,739,368; balance,
estimated post-war refund of $2,147,500 in 1943
taxes
incomd—<—-U.
Consolidated
81, 1943
Oct.
Sheet,
Balance
Capital stock
contracts.
on
(565,000
no
customers'
Capital
surplus
surplus
,
to
use
on
withheld
taxes
C,
$12,397,827; reserves
(net), $1,666,039; common stock (par $1), $3,000,000; capital surplus,
$4,181,381; earned surplus, $12,176,155;
total, $78,489,0^3.
•. t;V
;
(less U. S. Treasury notes—tax series
income
on
15-Cent Distribution—
v;;^-■'■rr:/iAfAyAry''.r:
:
dividend of 15 cents per share on
'•'the outstanding capital stock, payable June 30 to; holders ■ of record
June 9.
A similar distribution was made on* this issue on March 10,
have .declared
directors
tax
S.
income
V.
.:
■.
savings
on
Operating
and
1943
Statement,
Years
Ended
expenses
Dec.
L——$436,757
•
403,234
331,475
1942
!
miscel.
./
(incl.
undistrib.
Portion
<•.;■ •f".■ 7..' ■'
■.':i
Cl
,
$147,447
$180,543
$169,627
$164,492
10,395
8,889
16,052
11,918
:
Int.
&
by
receiv.
divs.
company
$180,491
——
11,566;:
Other income
Oper.
income
$138,558
.
$147,683
49,529
40,890
39,952
37,653
18,988
16,443
2,500
)
>
—
2,500
■"V
to conting. res.
Approp.
$176,410
47,718
and taxes-
exps.
Interest deductions
Operating income
Rents
received
Total
Rents
Loss
income—
16,443
>u<.
17,250
of
6V2%
dividends ^
Common
;
24,897
10,474
;
$116,576
other
35,000
loss
——{.——-
■——
Sheet,
Assets—
in
road
Deferred
20,947
Sheets, Dec.
31
_A
of
Dr$73,364;
total,
The
r—i—
$3,786,178.—V.
—
4,375
1,303
399,656
4'': 192,922
—46
250
—
$2,648,855
$2,591,318
——
—
Liabilities—
pfd.. stock
pfd. stock
cumulative
6V2 %
cumul.
Funded
debt
Accounts
payable
taxes
dividends
10,301
:
l„————„——u——
Accrued ".interest;
———.
and
———
March
1943,
6,
company
principal
$100
amount
$2,648,855
Bonds
offered to the 7% preferred stock¬
5debentures and $5 cash in
of
6%.% preferred stockholders
each share
stock and
6'/2% preferred stock availed themselves of this offer
principal amount of 5V2% debentures in exchange for
held.
Stockholders owning 3,381 shares of 7%
preferred
$100
and
of
shares
5.893
shares
these
retired
were
and
cancelled.
In
Stores'
operating
company
interest.
and as a
condition of the issue, the company appropriated from earned surplus
the issuance
with
connection
In
of
the 414%
debentures,
for general contingencies the sum of $100,000
Company also charged off to earned surplus $47,317 representing the
expense incurred
in the issuance and subsequent retirement of . the
5»/2% debentures and the issuance of the 414 % debentures. *
In
accordance with the trust indenture under which the $900,000
of 414%
series A debentures were issued; an annual sinking fund
reserved
surplus
of
of
day
Oct., 1,
A
series
at
any
outstanding
theretofore
time
is
re¬
deposited annually with the trustee on or before the
Oct. of each year. A payment of $13,500 will be due
to* satisfy the above sinking fund requirement.—V. 159,
be
to
quired
vfirst
of the maximum aggregate principal amount of all
114%
payment of
debentures
1944,
5.
;
y'"",;,
'
\
;
-y/,
.
Copper Range Co. (& Subs.)—Earnings—
19423'
Years Ended Dec. 31—
!__:
earnings
Belling and
:
administrative expenses-—-—
Taxes,1 other thah prop, taXes.& Fed. inc. taxes'
Deprec. of mine machinery and structures,
etc.
Profit from copper operations—
operating income——:
income
Operating
94,557
40,246
Federal
taxes
Provision
for
64,490
$1,796,183
*554,340
income—
on
contingencies-,—
$1,206,940
293,300
150,000
r
Net
income
—
♦Includes
$1,091,843
———
paid
excess
profits
tax
of
$74,340,
Balance
Net
Accounts
and
notes
and
receivable—
notes
——I,
—;
—
equipment
Post-war
refund
and
of
—
properties
excess
profits tax
receivable
Prepaid
less
i, 1944,
a
31, last,
March
on
in
10.
initial
An
followed
was
1944.—V.
159,
of
amount
like
was
by another dividend of
2078.
p.
annual dividend
has been declared
holders
to
share
per
of
paid
was
record
1553.
the
on
May 31,
June
on
>,.
10,
no
par
common
totaling
$99,192.
last
year,
and
on
»
1943
1941
1942
$3,591,398
2,760,726
1,248,780
$1,996,623
161,305
1,425,735
1,525,031
1,000,364
*64,432
22,427,744
21,942,736
12,988,011
8,178,613
7,201,546
9,572,319
4,011,602
1,187,992
ry. oper. income—
4,511,551
•Deficit.—V. 159, p. 1860.
5,469,693
2,974,805
293,994
.
From Jan. 1—
Gross
from
railway—
Net from railway
1944
from
Net
1943
1942
$267,666
48,739
$215,505
$118,830
*23,905
v..;
from
railway——
railway———
ry. oper. income—
Net
44,035
1941
$84,871
*39,282
63,247
60,557
2,790
*17,254
1,097,472
1,048.344
654,5121
201,826
From Jan. 1—
Gross
from
railway—^
railway——
from
Net ry.
159,
227,504
320,440
755,621
166,719
303,282
..
income
oper.
•Deficit.—V.
373,465
257,898
116,178
1860.
p,
Detroit & Mackinac Ry.—Earnings'
1944
from
from
Net
ry,
1941
$77,035
$72,309
$54,268
11,768
12,126
17,497
5,964
5,133
2,761
10,364
353
304,443
199,655
income—
oper.
1942
1943
$80,388
railway
railway
From Jan. 1—
Gross
from
854,882
Net
Net
ry.
181,558
274,503
$241,715
1,482
274,507
52,108
66,698
7,940
7,709.
'.
310,427
23,573
railway
railway
from
249,380
15,954
35,847
*17,025
685
—:
Dec. 1, 1943 Interest Coupons—
The
*274,115
—_-u
income—
oper.
•Deficit,
and excess profits,
interest
due
Dec.
on
the mortgage 4%
bonds, due
at office of J. P. Morgan & Co. Inc.,
1943,
1,
1995, was paid on June 1, 1944,
New York.—V.
159, p. 1759.
187,325
$53,705
-
94,159
banks
accounts
$35,936;
furniture,
$1,863,641.
Balance
;
'
Detroit Toledo & Ironton RR.
46,446
Sheet,
Jan.
1944
31,
hand,
on
Liabilities—Accounts
,
discounts, $173,721; cus¬
tomers' deposits, $12,063; expenses and miscellaneous payable, $60,911;
unpaid and accrued taxes, $305,370; reserve for contingencies (taxes),
$71,614; common, stock (par $1), $124,251; capital surplus, $378,698;
earned surplus,; $737,014; total, $1,863,641.—V. 159, p. 6.;'.
^
!...
payable,
trade
less
Net
RR. Co. and The
31 announced that they had
dated as of May 1, 1944, pro¬
viding for the merger of the Rensselaer & Saratoga RR. into the
Delaware & Hudson RR, upon the basis of an exchange of Rensselaer
& Saratoga general mortgage bonds, to be assumed by The Delaware &
Hudson RR. Corp., for Rensselaer & Saratoga 8% stock, par for par.
The bonds are to bear interest at the rate of 5.5%, after a period of
24 months, during which period they will bear interest at 4.7%; such
reduced interest being to absorb unpaid Federal income taxes of the
Rensselaer & Saratoga RR.
V.
The
financing provides for a sinking fund of $150,000 annually,
applicable to the retirement of the Rensselaer & Saratoga first mort¬
gage bonds, due April 1, 1961, of which there are $1,871,000 outstand¬
ing in the hands of the public, and, after the retirement of the first
mortgage bonds, a sinking fund of $100,000 per annum, applicable to
the retirement of
the general mortgage bonds of the Rensselaer &
Saratoga RR.
The general mortgage bonds are redeemable at par for
sinking fund purposes and, at any time, as a whole but not in part,
at 1071/2% of principal plus accrued interest.
The merger is conditioned upon assent of 90% of the stock of Rens¬
selaer & Saratoga RR., or such lesser proportion of the shares, not
less than 66%%, as may be approved by the Delaware & Hudson RR.,
and is also subject to the approval of the Interstate Commerce Com¬
managements
&
,
Hudson
into
entered
of
ry.
Corp. on
of
bonds
to
April—
issued
be
.
the
of
209,841
136,226
127,443
3,040,849
1,389,350
741,305
3,166,493
and
ry.
—V.
'
;;
railway
railway—
oper.; income
ry.
&
Rensselaer
assumed
for
April
general
Saratoga
Delaware
by
and
1944
,
Year
to
159,
1,110,969
612,317
from
&
Hudson
will
be
$4,070,251
1,378,759
838,001
$3,891,674
1,414,679
762,856
$2,125,981
498,964
285,625
17,184,396
15,403,800
14,052,601
9,582,070
4,745,893
4,654,172
4,739,775
2,775,055
3,256,553
2,778,352
2,765,029
1,959,906
Net
ry,
159, p. 1759,
The stockholders
ry.
503,103
481,448
2,119,001
2,118,902
$6,971,627
2,621,469
1,263,886
1942
$6,097,095
2,249,823
1,175,277
21,956,863
6,665,752
3,057,842
1943
1S44
from
railway
railway
oper.
from
Net
from
Net
rv.
-
$6,425,617
1,756,675
income—
691,867
159, p.
Gross
from
Net
from
Net
ry.
v'
the
This
1
agreement between
merger
1971
and 1248,
1
1944
$347,046
168,667
58,366
income—_
1943
$360,290
193,242
78,023
1942
\ $365,301
190,636
55,155
1941
$261,884
109,878
27,588
1,670,588
railway—
railway——
oper.
RR.—Ernings—
1,634,920
976,001
371,038
1,525,469
845,404
311,198
1,505,787
881,834
393,685
From Jan. 1—
Gross
from
railway
Net from railway
Net ry. oper. income
923,934
258,568
for Calendar Years
of Income Account
Statement
1943
1942
1941
$4,183,853
$4,164,644
$4,385,087
425,596
Maintenance of equipments
—293,942
Traffic expenses
"
112,902
Transportation expenses
1,116,916
General expenses _————a-__
98,472
Transportation for investment (Cr)
——
374,330
304,682
109,447
1,071,836
96,226
345,603
295,298
106,456
1,098,678
91,305
$2,208,074
855,506
$2,447,910
849,780
$1,306,539
624,602
$1,352,568
620,912
$1,598,130
755,77,7
$681,936
$731,656
$842,353
Operating revenues
Maintenance
Net
of
from
rev.
————————
and
way
structure
operations—
ry.
——
Railway operating income
Net rents
.
(Dr)—
25,789,777
railway—
6,612,309
25,944,344
9,104,783
income—
2,685,584
4,184,801
oper.
directors
common
is
an
18,213.927
4,971,349
3,081,756
Div.—
May 26 declared a dividend of 20 cents per share
stock, payable July 31 to holders of record July 1.
dividend
on
the
company's
——
—
$2,136,025
829,487
■.
162
50,963
63,280
$776,910
38,781
$782,619
47,944
$905,633
57,100
$738,128
$734,675
$848,533
118,709
118,922
120,059
—
$619,419
$728,474
of income———
of income——,—
540,000
17,763
$615,752
480,000
94,973
A
—
-
1,162,600
——
—
Misceil. deductions from income—
avail,
Income
Fixed
fixed
appropr.
Misceil.
fixed
after
Income
Div.
for
charges—
charges
charges
approp.
income
$61,656
-
—
Balance
:
shares
of
*
—
—
investments—
cash
Special deposits
Miscellaneous
Material
accounts
and
and
—
$8,474
1943
$9,397,459
99 4,099
1942 $9,392,325
1,008,6 64
480,000
67,783
390,000
67,181
153,614
236,242
—
275.842
61,964
181,241
5,376
5.723
—
;
—
$135,752
180,663
receivable-!
receivable
assets——;
assets
Unadjusted debits
Total
and conductors———
supplies
dividends
current
Deferred
——
———
Net bal. rec. from agents
720,000
—
Sheet, Dec. 31
Assets—
Investments
Cash
Interest
on
initial
—
Net railway operating income——
Other
$14,873,888 $13,637,825
2195, 2078,
April—
Temporary
railway—
159, p. 2193.
The
a
1941
$4,513,895
1,200,129
./
709,841
Delaware Power & Light Co.—Initial Common
4.368
37,561
Ratified—
approved
Detroit & Toledo Shore Line
General
6,151,143
8,260
25
and
29.—If.
May
on
1445.
From Jan. 1—
—V.
May
on
Reliance Steel Corp., dated March 15, 1944, the
Detroit Steel Corp. to be the surviving corporation (see V. 159, p. 1971).
The stockholders of the Reliance concern ratified the consolidation
corporation
Balance
Gross
1,764,700
1,073,925
1759.
p.
Total income
1941
railway-
Net
63,316
996,185
Date
railway—^—
oper. income—
from
510,144
590,643
1,853,789
Detroit Steel Corp.—Merger
.•
this
From Jan. 1—
from
1.210,132
3,514,453
1,545,072
848,714
mortgage
1942
1943
$4,181,456
April—
2,216.599
3,363,291
income-
oper.
Other income
from
Gross
.
May
/
from
Net
—V.
164,386
railway—,
railway
from
Net
merger,
owns 12,708 shares of the 100,000 shares of
Saratoga stock, issued and outstanding.
The merger
that the Delaware & Hudson will cancer'its shares so
Earnings
1
income-,
oper.
Railway tax accruals—.
&
contemplates
that the amount
Gross
246,333
.
Delaware & Hudson
The
Rensselaer
Gross
,255,518
—
from
Net
the-Rensselaer & Saratoga
RR.
agreement
an
1941
$557,237
374,426
railway-
From Jan. 1—
Gross
Delaware & Hudson RR. Corp.—Proposed Merger—
The
Delaware
1942
$645,139
railway-
from
$732,029;
merchandise inventories,
•
1943
$786,762
.
from
Net
Earnings— *
1944
$730,878
291,621
April—
$300,496; U. S. savings bonds,
cash surrender value officers'
$547,218; other assets,
fixtures and improvements to leased premises, $1;
;
V
.•
and
receivable,
$3,511;
insurance,
Net
77,236
—_—I———
31,
April—
$173,192
Assets—Cash
$244,450;
1942'
6,048.832
June
which
$5,902,193
313,106
—
,
in
on
total
1943
$1,620,480
recoveries—
.'
in the same position
starting its business new
company
company
1944
from
933,227
expenses
that
resulting in the
its subsidiaries of
also declared the usual quarterly dividend
cumul, preferred stock, par $100, payable
4%
record
1942.—V. 159, p.
$448,789
debts,
Consolidated
$2,470,168
5,4«0
expenses
—
Dec.
on
amount
Gross
on
Total
yf::*
1944
$1,876,680
dividends
$1,603,698
86,864
—
the
from
Gross
post-war
31
1,004,814
receivable
—
———
Investments
.___—_—_
fact
1943,
and
1,777,836
deducting credit of $22,210 for post-war refund.
1943
—
investments
accounts
Supplies
Plant
deducting
,
the
*
the
war
Denver & Salt Lake Ry. -Earnings-
of July
profit
Common
1,200,000
—
——
Inventories'
Notes
after
\
Assets—
Other
423,711
Sheet, Dec.
May 26
on
Delaware Lackawanna & Western RR.—EarningsConsolidated
Marketable
as
expenses——a
taxes
of $8,260,
refund
Cash
$913,641
423,696
——,
——
redemption
profit
etc.,
Net
Dividends
on
April—1,A /!I1*":■
Co.—Exchange Offer—
(& Subs.)—Earnings-
(net)
$1,047,893
153,618
——-———
income—
for
called
Provision for Federal income
Net
Net
15,
company
$5,575,877
2850.
p.
mission.
$1,602,319
Other
recognized
Oct.
railway-;
St., New York, N. Y.—V. 159, p. 2078.
bad
$8,729,000.-
Non-operating
ac¬
outstanding first mortgage 3% bonds due 1970 at
Payment will be made at the Irving Trust Co.,
administrative
for
Deductions
1942
$1,878,155
751,104
659,735
68,044 *'
54,530
101,692
115,998
$2,523,159
—
and
Provision
for " the
exchange
issued $927,400 principal amount of its
debentures and paid $16,905 in cash to the 7% preferred stockholders
making the exchange.
In the latter part of 1943, the company sold, at par plus accrued
interest. $900,000 of 4'/4% series A debentures due Oct. 1, 1963, and
with
the proceeds thereof and available cash called for redemption
on Jan.
14. 1944, the $927,400 51/3%
debentures at 101 plus accrued
the
shares
also
on
only
presnt
railway—
Net ry. oper. income
Net
of
—
life
exchange for each share held, and to the
its
Dejay Stores, Inc.
total,
On
offer
an
Fiscal Years Ended Jan. 31— :,
Gross profit on sales—
36,783
Changes in Capitalization During 1943—Sale of
but
the
•
not
the
:
share
Net
5,000
189,132
$2,591,318
a
April—
Gross
Gross
'
69,703
■.
the
holders of
to
June 10,
interest.
4,786
4,979
Total
holders
made
has
company
$174.000-of
♦After
36,783
surplus
surplus
Capital
22,364
.
105,000
placed
balances,
share
per
like
Net
The
9,563
—
of
in
926
17,516
-
6,898
.
Employees' benefit fund reserve
:
Surplus reserve for general contingenciesEarned
:
3,140
—_a————
Accrued
1,047,350
<
900,000
———„———■—:
Accrued
825,000
235,700
1,047,350
—
—
$500,000
$161,900
—_—
—
stock
Common
152,
Dayton Power & Light Co.—Bonds Called—
General
Total
$14,813;
218.
164,428
amortization
s
taxes,
exchange to holders of its 7%
cumulative preferred stock (par $100), of which there are only 8,710
shares outstanding, whereby they would receive three shares of com¬
mon stock and $5
in cash for each share of preferred stock.—V. 157,
254,823
.
—
receivable
has
company
trustee. One Wall
$2,190,308
1—
subsidiaries—
Accounts
1942
:*■:•
accounts
to
with
This
'
•
recognized
inherent
■
A 50-cent
V
106"/a
*
the
'
directors
future
Net
plus,
proceedings to comply
Holding Company Act.
Denver & Rio Grande Western RR. —Earnings—
wages, $39,456;
prior to Oct. 1, 1934, $288;
award, due from 1945 to 1951, $8,277; 5% non-cumula¬
preferred stock (par $100), $1,167,500; common stock .(par $50),
$955,000; capital liability adjustment account, $1,610,326; earned sur¬
—_
•
the
immediate
stock, payable June 10
A
1943
accrued
payable, $63,883;
bond interest due
1943
large
direct
$3,804
$2,032,057
—.—
process
•
1943
companies—
—,
banks
in
:
in
exp.
from
Cash
subsidiary
in
investments
Other
31,
company
Delta Air Corp, (La.), Atlanta, Ga.—Dividend—
and
crued
53,625
'
Investments
11,233
$15,928
Deo.
that
of directors,
in deciding upon this initial dividend,
a
policy which in their judgment -will assure, as far as
regularity as to the dates and amounts of future dividends."
30
per
compensation
35,000
53,625
10,474
•
Balance
37,052
other charges
retired, etc.,
property
Liabilities—Accounts
of
Comparative
;. -
28,101
2,440
—.
dividend,
the
earned surplus as
disbursed
$61,349
36,888
———a—,
and
result '
a
$50,116
$23,400
income
$91,288
35,000
53,625
$109,005
$106,687
dividends.!
pfd. dividends-
pfd.
$11,364
12,036
—a-—.
„—
and
income
paid
on
Net'
p.:
Balance
18,323
9,125
$180,023
$192,058
——
22,159
,
$1
Crowell-Collier Publishing
Total
$68,439
tive
49,859
:
25,103
adjustments)-
-A———
$1
June
equipment (less reserve for depreciation of $1,239,411), $3,309,572; other assets, $10,281; deferred charges, $14,480; total,
$3,786,178.
1
1940
1941
,;V
$219,485 V
$205,594
Continental —!
$33,523
this
of
The directors
of
operating revenues
Railway tax accruals
as
board
possible,
$399,914
—
Utility
by
completed May 18, 1944.
President said in part:
from
surplus
pursued
1942
■,
Public
the
company
elimination
"The
1943
step
one
of
distributed
in U.G.I.'s
economy and its related taxation
the recapitalization of the
31
.*0.
;>
was
declaring
respept | to
that date.
Net
ment
applic.
subs,
of
;
1943
Years Ended Dec. 31—
Earns,
,v
in
2193.
p.
Balance
Ato securities owned by
Net
$240,000
Assets—Cash, $263,977; marketable investments, $$0,000; accounts
receivable, $36,953; materials and supplies inventory, $100,915; invest¬
Continental Telephone Co.- -Earnings-
p.
of
as
Cooper,
uncertainties
all
revenues
159, p. 2193.
value before receiving this dividend.—V.
par
to
notes
'V::V;
■
Operating
capital
7%
100,000
subsequently
requirements
distribution
Copper Range RR. Co.—Earnings-
stock, issued and dated prior to Oct. 25, 1935, will be
required to exchange their certificates, share for share, for the present
mon
Due
"In
a
March 26, June 25,. Sept. 24 and Dec. 17, 1943.
The holders of the old no-par value and the old $10 par value com¬
last, and
7%
Stuart
the
applied in payment thereof, of $10,027,500),
The
$1
th
$200,000 in 1942.—V. 159,
■
to be
1,598,430
2,755,438
250,000
was
stockholders
8,586,394
contingencies———
deducting
it
227,565
13,000
$14,873,888 $13,637,825
•After
taxes, $1,169,$902,871; customers'
employees,
from
deposits for fixed charges on leased machinery, $725,530; miscellaneous
accrued expenses, $539,101; advance payments by: customers, $8,712,235; Federal taxes
for
Total
compensation
war contracts, $29,448,584; payrolls and other
accrued, $3,569,497; capital stock, property and payroll
Federal
Reserve
its
of
3,240,016.
—————
issued
was
a'
8,586,394
1,598,430
l,———————.
—
This stock
the merger and recapitalization of the
company on Oct. 15,
its sole stockholder, The United Gas
Improvement Co,, and
354,582
5,400
—^
payable, including provision for renegotia¬
Liabilities—Trade accounts
tion of
801;
to
part
shares)——
par
——i.
Earned
restricted
$4,165,800
(including
of
102,000
——a'
payments
contracts),
$28,114,833;
trade accounts receivable
(less reserve of
$200,000),
$18,899,917;
reimbursable
expenditures
for
production
facilities,
$216,987;
miscellaneous
accounts receivable
and claims,
$122,436; inventories, $21,005,646; investments and other assets, $3,639,624; property, plant and equipment (net), $5,995,562; deferred
Charges, $494,018; total, $78,489,023.
Assets—Cash
$254,993
331,600
—
expenses
Advance
stock presently outstanding.
common
$507,465
—;
—
on
Accrued wages, State and local taxes and other
$175,000 in 1942.
2301
'
Liabilities—
of
ship¬
less provision for renegotiation
sales,
cost of products sold,
$196,498,812;
selling
tAfter
$27,433,446.
Net
follows:
as
contracts,
ping
THE COMMERCIAL
Number 4287
159
57,814
507
34,162
44,291
79,239
11,409
$11,751,329 $11,374,274
National
Liabilities—
<
Capital
stock
Long term debt
—.
.Traffic and car service
$3,000,000
$3,000,000
2,962,000
246,457
2,962,000
186,444
144,196
6,255
9,845
59,440
59,800
805,278
5,025
847,403
,1,312
1,843
1,609,816
—
——.
1,404,762
•
Auditecl
Interest
tax
-
_—.
377,023
(Cr).
payablepayable.—.,-—
balance
wages
accounts
matured
Accrued
unpaid——
liability—
—
————
current liabilities—.—— —.-
Other
Deferred
liabilities
Unadjusted
,
and
accounts
Miscellaneous
,
Profit
—
credits
and
—
—„——
—-
1943
———
—
1759.
p.
■■■
'
Co.,
compared
as
.follows//
as
"U-'
-
Electric
&
Pwr.
National
Pwr.
Lt.
\ 3,494
' 4,077
94,162.
:
Amount
iV
.
159, p. ^195. \
panies not appearing in both periods—V.
:
$22,523;
: /'
■
•
trade
$244,732;
2,748~965
mechanical
NOTE—For
not, always
is
it
reasons
•*
payable,
accounts
miscellaneous
payable,
accounts
accrued royalties,
$117,131;
taxes, commissions and other expenses, $146,772; reserve for renegotia¬
■
companies in exact alphabetical
order.
However, they are always as near alphabetical
position as possible. '
.
'/ i':.;.T;"p.-'
to
to banks, $2,100,000; other notes payable,
$214,794;, payrolls and payroll taxes,
Liabilities—Notes payable
;
,»
,
>
hand and.on deposit,- $4,100,746;
on
total,- $10,196,299.
$135,831;
system inputs of any com¬
include the
not
Pet.
2.0
4,6
4.1
3,877
98,039
Co,
do
—Increase—
•'
172,835
88,861
92,938
Corp—
figures
"
'
1943
176,329
Lt._ Co...
Lt.
&
above
The
&
Pwr.
■"
•• ■'
>;
marketable securities, $1,995; notes and accounts receivable, (less reserves of $134,049)
v
$1,725,145; expenditures for tools and dies and other charges to bt
billed to customers, $14,000; advances to logging contractors, $96,19$;
inventories at lower of average
cost or market, $1,480,179; investments and other assets; $762,866; timberlands, $492,945; property, plant,
'an dequipment, $1,386,396; patents and licenses, $1; deferred charges,
Assets—Cash
/,■ ./...
1944
Consolidated Balance Sheet, March 31, 1944;
r
\the., corresponding
Thousands of Kilcwatt-Hours
'
American
with
....
.
,
.„
$11,751,329 $11,374,274
'*
159,
were
Operating Subsidiaries of
possible
Total
Light
&
Power
during
•-
9,015
2,638,486
balance.———
loss,
week
40,238
./——
surplus „;
Appropriated
V.
Monday, June 5, 1944
THE COMMERCIAL & FINANCIAL. CHRONICLE
2302
redetrmination of war contract,
.'$265,000;
reserve
for
post-war
rehabilitation
and
other
con¬
tingencies, $285,000; Federal, State and Canadian taxes on income.
(est.);
provision
for
prior
years,
$1,606,300;
provision for
cur¬
rent
year,
$175,000;
U.
S.
Treasury
tax
notes
to
be
applied
in
payment* thereof,
Dr$l,105,250),
$676,050; ■ portion
of
longterm
indebtedness maturing prior to
April 1, 1945, $59,629; longterm indebtedness, $61,218;.reserves, $248,309; common stock ($5 par),
T $1,220,953;
capital surplus,
$1,351,729;
earned
surplus,
$2,932,458
tion,
arrange
$250,000;
for
reserve
price
•
Inc.—Earnings—
Dividend Shares,
$1,090,495
40,345
$1,277,535
$1,197,845
38,658
$1,173,096
32,414
7,005
2,399
273
$1,243,508
187,606
$1,207,909
176,587
$1,307,173
165,909
$1,031,321
$1,141,264
$946,720
1,248,146
Period End. April 30—
$1,130,840
184,120
$1,055,902
.Income—cash divs. __—
■'"Net cash proceeds—
Interest
1941
1942
1943
1944
April 30—
6 Mos. End.
•
29,365
.
Operating
revenues
Operation
——
-
—_
47,438
„
fNet-income ——
Dividends declared
—
of securities received
sales
•'From
as
Sheet, April
revenues..
$196,324
1944
30,
(net)
/total,
1
$2,360,734
400,356
25,130
$186,189
30,261
$2,403,887
308,638
$221,454
$216,451
$2,712,526 $2,761,090
.759,100.
754,935
—
—
63,260
63,260
$158,194
$153,191
36,170
40,662
5,180
5,272
accruals-
reserve
159, p. 1839.
/,,///
/.
-'
,
■
.>
/"/
RR.—Earnings—
April—
1943'
1944
1941
1942
railway./— $12,859,236 $13,515,293 $11,188,337
Net from railway--:—
5,572,104
4,220,689
4,097,111
Net ry. oper. income—
2,038,836
2,165,903
1,337,786
from
Gross
Int.-'and
—"—
amort..
deductions
Misc.
—
$7,835,23£
2,368,55',
1,366,203
from
Net
Eastern Utilities Associates '
Earnings of
*
/
(as above)—.—
April 30—
.
Non-subsidiary
income
•
—
—
income
Total
Expenses, taxes and interest—
applying first costs against first sales, $45,318,320; cash held by
Trust Co. of New York, trustee, $1,003,797; cash dividends
receivable and interest accrued, $28,585; receivable on subscriptions to
—V.
31,458,7^2
10,143,182
6,148,681
159, p. 2195.
$1,649,341
146,118
31/1944,
5%
follows:
as
ended March
preference' stock and 25%
the
on
on
thr
ordinary stock.
Dividend warrants will be posted on Junfe 6.
Interin
dividends of 5% on the preference stock and of 15% on the ordinary
f
stock
*
surplus—$1,422,607 ■/ $1,503,232
159, p. 2079.
paid
were
The
shows
company
£621,813,
/
•
/
for the year ended March
made
were
profit for the
a
compared
as
1, last.
Dec.
on
distributions
Similar
•>-' 145,024 ■/:
—
Balance available for dividends and
6,808,027
The directors have declared final dividends for the year
1943
$1,416,973
•:
232,368
s;
Guaranty
19,611,315
(The) Ever Ready Co. (Great Britain), Ltd.—Divs.-
f
1944
$1,335,264
232,368
$1,567,632
12 Mos. Ended
Earnings of subsid. companies
railway
40,420,220
13,601,481
6,602,490
50,117,653
53,516,837
17,424,729
5,705,638
ry.- oper.-income—_
$1,433,077 ; $1,515,689
$107,257
$116,844
—
railway—
Net
—V.
Balance
from
Gross
$1,953,426 .. $2,006,155
498,127 'b 474,965
22,221
15,501
;<
of
$9,068; total, $46,367,540.
Liabilities—Payable for own capital stock-purchased," $43,535; ac¬
counts payable and accrued expenses, $21,602; tax withheld on divi¬
dend payments to foreign stockholders, $12,941; provision for Federal
capital stock, State and miscellaneous taxes, $11,700; capital stock
authorized;(par $0.25); $9,164,"871; capital: surplus, $35,750,997; earned
surplus, $1,361,895; total, $46,367,540.—V, 158, p. 2467.
v
.1-
$10,196,299.—V.
From Jan. 1—
income
Gross
'
.
inc.
Balance
at cost determined on the basis
annexed,
as
oper.
Retir.
has been made for Federal income taxes on net
Income for six months ended April 30, 1944 and 1943, "as it is' the
present intention of the management to elect to qualify as a "regu¬
lated investment company" under the Internal Revenue Code and to
make dividend distributions during the current fiscal year approxi¬
mating its net taxable income.
Under such circumstances there will
be no liability for Federal income taxes which would otherwise amount
to approximately $50,000 in 1944 and $73,jD00 in.1943 on net income.
Balance
168,848
fl,310,710
1,250,120
taxable dividend distributions,
Note—No provision
Assets—Investments,
taxes)
:
Erie
surplus.
earned
inc.
Non-oper.
losses. fOf the total amount, $1,174,account and $136,285 was charged to
tExcluding security profits and
425 was charged to distribution
(incl.
Net
Expenses
6,580,269
37,990
465,762
147,590 / 1,885,904 / 1,581,835
6,554,645
483,802
541,100
548,494
Taxes
.
$912,868 $11,328,239 $10,988,599
$961,104
—_——
Maintenance
...
-
1944—12 Mos.—1943
1944—Month—1943
1,250,591
—
Total
'
Subs.)—Earnings—
Eastern Utilities Associates (&
year
the preceding
with £584,887 in
p.. 2045.
,
31, 1943
1944, o~
year.—V. 158
ended March 31,
.
capital stock, $7,770; deferred charges,
the
on
an interim dividend of 37% cents, per
stock, payable June 28 ; to holders of record
distribution was made on March 29, last. In 1943,
have declared
directors
The
share
will shortly call for redemption
Aug. 1. next, all of its outstanding 15-year 4>/2%
debentures,
A. at 102 and interest.—V. 151, p. 412.
of
as
series
that
announced
It 4s
the .company
Net
$3,087,358
railway—„_
from
Net
•
railway——
1,522,759
income—
1,299,450
from
Gross
ry.
oper.
"
1943
194.4
that
See
118,502
v
$3,188,083
$3,356,718
2,067,953
1,828,245
$1,308,569
*12,549
from
Gross
from
Net
Net
from
Net
Net
*2,630,230
,
2,500,088
*1,842,514
income—-
^Deficit.—V.
1,885,436-
*1,488,515
railway——
oper.
ryv
3,781,614
—
4,347,640
597,301
119,471
806,263
.
*145,235
159, p. 1860.
from
from
ry.
April—
from
Gross
Net
from
Net
ry.
'
$200,000
$107,400
80,346
71,593
■
34,860
-
•
•
railway—
437,267
railway——
80,210
131,588
/
83,887
Operating
expenses—
other
Taxes,
and
inc.
Federal
Fed.
The
12,199
ing
$414,036
$403,595
277,419
263,074
ICC
line
a
Other
of
$6.1,988
$13,739
201
140
619
340
$13,949
$13,879
$58,564
$62,328
other
and
deducts.
2,227
2,147
8,67'6
10,328
—_
$11,722
$11,732
$49,888
$52,000
—V.
Eastern Gas and
12 Months Ended
Total
Provision, for
Interest
taxes———
1943
>
$15,757,580 $16,703,860
4,709,960
•
4,891,649
5,119,588
u
——
5,436,844
2,304,863
2,438,781
566,957
584,989
$3,056,212
$3,351,597
1,108,729
—
and
expense————
Net income available
.
1944
„—
depletion.————
and
discount
Debt
Associates—Earnings-
income——
income
Depreciation
Fuel
April 30—
consolidated
Dividend.requirements
dividends^,—
for
on
46%
—-
prior pref. stock
1,108,729
authorized the company to
stock (par $100 a share)
applied
from
Ry.
a
of
the
to
Dodge,
taxes
Earned
—V.
6%
to
pfd. stock before State
dividends—
on
share of 6%
per
1759.
159, p.
pfd.
•
■
$1,947,483
$5.21
*
stock—
:
,
;
$2,242,868
'
$5.99
•'
"/'V.
'
"
was organized in Tennessee for the purpose of con¬
operating a line of railroad extending from Lancing
a distance of approximately 15 miles.
By certificate
Gobey, approximately-6
of the existing road at
at a point now called Mahan,
to the end of the line at
construct a line from the end
been
opened
and
Eastern
Massachusetts
Period End. April 30—
Rwy.
Rwy.
seam
:
is
now
shipping
—
Gross
profit
income
Other
$1,169,925
Railway
Co.—Earnings
1944—4 Mos.—1943
$1,123,936
$4,578,183
$4,705,053
733,728
659,210
2,933,852
2,721,448
277,197
1,008,396
1,177,139
exps
oper.
Taxes
Street
1944—Month—1943
revenues—
———
$166,118
$187,529
$635,935
$806,466
4,135
5,046
14,913
16,224
.
——
company
//.
•
over
Gross
corporate
inc.-
funded
debt,
on
Depreciation
$650,848
28,198
110,622
116,956
68,152
77)989
270,410
314,167
——
for post-war
adjustments
*—V.
$192,575
27,596
Prov.
Net
$170,253
etc.
rents,
re¬
p.
100,000
35,000
income
159,
$822,690
$74,505
$51,388
$269,816
$291,567
Ebaseo Services
For
the
of
week
American
Power
of
&
May
25,
Ebaseo
Light
1944,
Services
Co.,
Omaha, Neb.—To Retire Funded
'■:
;. A'•
has called for redemption as of July. 1, 1944, all of
the
System Inputs of client
Inc., which are subsidiaries
Electric
Power
&
Light
Corp.
and
.its/
They do not matured for eight-
.
1,157,051
32,802
33,321
t
1940 "
$1,471,418
1,123,888
$1,555,348
1,172,856
■
.
1941
1942
$1,367,701
$1,322,71
1,024,7$
27,87
31,650
15,55
;>
17,113
21,107
18,907
18,907
2,683
2,568
2,352
2,12
712,333
14,025
13,575
13,48
$104,909
$311,087
$265,727
33,052
$223,37
19,491
unemploy. insurance'
electric energy-/
Miscellaneous
taxes
—
Depreciation
—
Net
retired
Cr91
39,34
Cr885
■
6
..
$183,95
$232,675
$283,502
$72,006
profit
15,56
17,113
28,470
32,995
—
Equipment
Assets—
Sheet,
Dec.
St
1942
1943
'
$8,422,890
..Investments
$9,992,55
♦
Cash
U.
and
bonds
S.
416,742
—
-
Special
deposits
54,718
;
—
accounts
Miscellaneous
receivable-
86,690
—
191,594
•
Material
and
Interest,
dividends and
supplies
292
rents. receivable
Other current assets
Deferred
assets
Total
'v'".
in
Funded
debt
9,47f
'j';./.'/;
$1,412,500
stock
Grants
aid
of
72
61,28(
$9,178,990 $11,106,63
—
Liabilities—
Capital
70,89
3,621
;
——
—
—
22,35
191,74'
2,423
—
Unadjusted debits
757,59
20
;
'
$3,997,10
22,50'
construction—
unmatured—
——2,260,000
of capital—3,521,864
Audited accounts and wages payable.
142,853
Miscellaneous accounts payable—
!
112,685
Matured interest/dividends and rents unpaid—
1*7,990
3)520,41
Matured
5,765,69
Reorganization
adjust,
funded
debt unpaid—
liabilities..—67,616
Other
current
Other
deferred
-
liabilities—:;
9,449
Unadjusted
credits* 1,575,480
Miscellaneous fund reserves—
34,000
andToss balance
Profit
-V.
———
95,29
183,51*
130,03(
112,521
1,571,33
100,00
24,552 Dr4,391,77.
.
company
$9,178,990 $11,106,63
—
159,-p.
2080.
Fort Worth & Denver City
Ry.—Earnings"
1942
=1941*
railway—/.
$1,194,582
$1,21^,460
$649,617
$464,52
railway——
436,334
632,299
180,990
income.—
214,159
329,948
122,087
railway—..
railway——
4,931,771
1,882,715
4,420,640
2,681,724
2,142,823
income.—
931,882
1,095,444
893,644
629,264
April—
Gross
Evans
Products Co.
Gross
sales,
of
Cost
Net
from
Net
ry.
1943
1944
from
returns
1944
oper.
Prov.
income
Net
—
deductions
on
sales
for
of
foreign
Federal,
income
for
...
plant and equipment
State
and
■
96,77'
26,33
and
paid
Earnings per common share..
346.590
481,490
;
—.J
*
oper.
1,787,33
417,0?:
152,42:
—V.
159, p. 1760.
Froedtert Grain & Malting Co., Inc.- -Record Produc
tion—.
,
Reporting that this corporation has shipped more malt during tht
past' 30 days than during any previous 30-d'ay period in its history
Kurtis R. Froedtert,
Chairman of the board and President of th
company, said on May 27 that war production pressure together witl
demands for malt for other uses has forced the firm to suspend*, it.
export trade for
an
indefinite
period.
government's industrial alcohol program, calling for approxi¬
632,000,000 gallons of alcohol in 1944, is heavily taxing th
production facilities of the malting industry, Mr. Froedtert said, fo'
The
mately
285,000
profit
Dividends
$939,307
200,000'
other
—
from
ry,
13,496
175,000
rehabilitation
—;
$925,811
taxes
:
post-war
334,555
28,164
-
—
...
—
Lebanon
3,367,485
444,747
$763,444
.
income
Total
Loss
engineering
$4,627,852
$736,941
and
from
Net
Net
,
3,005,786
admin,
Operating profit
Other
1943
$4,187,474
allowances
and
sold—
-products
advertising,
Other
Gross
(& Subs.)—Earnings—
26,503
less
contingencies
Inc',—Weekly Input—
ended
companies
'
3 Months Ended March 31—
Prov.
operating
RR.—Annua
From Jan. 1—
on
I860.
-
Southern
&
.
operates 18 hotels with 4,500 rooms in Iowa, Nebraska,
South Dakota,
Missouri and Kentucky, and owns the Lincoln Hotel
at Scottsbluff, Neb., which has been leased.—V. 139, p. 4126.
The
Selling,
Int.
/-,.
■
outstanding bonds at par and interest.
—270,079
opsr.
Co.,
Eppley Hotels
.
„////—
revenue
Taxes, railroad retirem't
we
.
years.
2 ,063,69
1 402,92
Taxes, social secur. and
'
the railroad, and
other
mining developments are in progress.
It is anticipated that
they will- be ready for operation by the time the line is completed.
The funds for rehabilitating the logging road and constructing the
new line have been provided from subscriptions to the applicant's stock,
of which $250,000 was issued without authority./ This stock has been
recalled and by action of the board of directors dated April 3, 1944,
was
ordered to be cancelled.
All the-stock to be issued has been
subscribed for by E. C. Mahan and associates,. and $300,000 has been
paid into applicant's treasury and the remaining $50,000 is to J)c
paid on demand.
The additional cost of construction is to be financed
by the sale of $100,000 of nonnegotiable notes.
•'
/
♦.The
5 ,329,53
2,592,639
2,033,584
v■""",
Balance
portion of the line from Lancing to Gobey. is now in .operation
remainder of the line is under' construction.
A strip coal...
Debt—
6,370,322
6,449,003
"3,692,492
Comparative Income Statement for Calendar Years
Total
avail,
Balance
266,68:
11,993,185
Moines
Des
—
issue not exceed¬
and not exceding
the,
has
1861.
p.
Operating expenses
Taxes, State & county
and $100,000 of nonnegotiable promissory
Gobey to the so-called Dean coal
Tenn., approximately 9 miles.
and
income—
1943
1944, applied for authority to issue $350,000
May 1,
(par $100)
1943,
and
953,251'
12,779,235
6,363,683
2,887,072
/
V
railway—
part:
in
states
Commission
Lancing
near
433,13.
railroad.
and
9,
$1 ,231,18
905,665
735,811
1,702,298
373,744
railway.^
159,
Total
rehabilitation" and construction
to
1941
1942
1943
$3,145,944J $1,848,856
1,598,000
income—-
oper.
-
/ :
*
authorized the applicant to acquire the line of
formerly owned by the Emery River Lumber Co., extending
connection with the Cincinnati, New Orleans & Texas Pacific
June
mine
159, p. 349.
20
Ry.—Earnings-
Report—
Mahan, Tenn.,
The
income
Net
from
ry.
Fort
cents
applicant
$57,945
$13,747
/
miles,
Int.
68%
an
1944
$3,186,203
railway
oper.
Net
was
.
of
9,950
—
of
*
'
.
railway—
from
Gross
par
amount
like
notes.
26,098
7,200
income
quarterly- dividend
initial
an
proceeds
stock
common
37,450
tax—
income
Gross
of
structing
22,950
ry.
Net
500,949
common
the
report
to
18,272
5,500
of
The company on
17,726
4,434
6,000
income
oper.
A
19.
May
on
and
railroad
Net
2,987,131
(Jeannette, Pa.)—25-Cent Common Div.—
declared
June
$350,000
22,662
4,481
in
From Jan. 1—
$100,000 of nonnegotiable promissory notes, the stock to be sold at par
and
the notes to be sold at the face amount thereof and. accrued
1944—12 Mos.—1943
$100,855
67,231
taxes-
prof.
exc.
Net
\ f '
10,625,223 / 9,069,559
3,794,855
3,834,499
.,1,248,342 ,. 2,101,155
Emory River RR.—Securities Authorized— i
The
than Fed.
prof.-:
excess
income
;
'.-v./ '
.
Taxes,
The
1944—3 Mos.—1943
$100,928
69,500
■
from
—V.
-share on the common stock,
record
of
revenues
:
11,038,635
.
from
Net
$10, payable June 307to holders
disbursed on this issue on
March 31. last.
In 1943, the following dividends were paid:. March 31,
10 cents; June 30, 25 cents; Sept. 30, 35 cents; and on Dec. 15, 30
cents.—V, 159. p. 1972.
'
East Missouri Power Co.—EarningsPeriod End. March 31—
income—
oper.
interest,
Operating
■'
1,063,446
/:• 384,437
the 5%% cumul. convertible preferred stock/par $50,
payable-July 1 to holders of record June 19 (see offering in V. 159,
'p. 1351).
../
■ ■///'/ /'''//:/// ':The
directors on May 29 also declared a dividend of 25 cents
550,002
751,200
231,524
239,226
•
181,585
ry.
r'
835,900
1,283,900
railway-——
from
1
139,654
share 'on
per
*16,576
38,965
;
Florida East Coast
Gross
8,045
87,331
/
oper. income
'
•Deficit.--'V. 159, p. 1759.
Net
$230,300
147,545
.
income-
oper.
Net' from
1941
1943
$371,100
railway—
railway
From Jan. 1—
Gross
1942
1944
;
active
parties
consideration, $32,500 was paid upon execution
April—
$1,868,812
/ ' 557,493
233,281
159, p. 1759.
Elliott Co.
of
Ry.—Earnings-
762,725
11,217,974
2,696,245
954,407
railway——
The/directors
per
Duluth Winnipeg & Pacific
income—
oper.
ry.
—V.
1,251,091
3,581,683
the
of
any
1941
1942
$2,791,317
$2,781,037
From Jan. 1—
;'a
railway——
////
1943
/ 1944
$2,637,325
499,154
110,939
v-//v
railway
railway———
from
2,182,407
From Jan. 1—
the operations of said company, f.oi
agreement dated April 22, 1944.
O
of said agreemen
and the balance is payable on delivery of the securities. •- The fund
received by Federal from such sale will be added to its general funds
—V. 159, p. 934.
V
.
or
said
Elgin Joliet & Eastern Ry.- -Earnings—
Gross
Sale—
on
./ of Springfield Gas & Electric Co./to R." H. Tfeed of Hot Springs, Ark.
and such associates as he may determine, which may include somi
Offer For Mis¬
below.—V. 159, p. 2079.
company
Co.—Hearing
•
sissippi Power & Light Co. Preferred Stock—
Net
1941
1942
Federal Light & Traction
The SEC will hold a hearing June 7 on the proposed sale by Federa
/' of all of the outstanding common stock, namely, 50,000 shares (no par'
$650,000 in cash, pursuant to
Net
Ry.—Earnings-
Duluth Missabe & Iron Range
par
Electric Power & Light Corp.—Makes
•
Gross
April—•
similar
A
April—
Debs.—
Dominion Tar & Chemical Co., Ltd.—To Call
stock,
April 1, last.
In 1943, the following dividends were paid; April. 1
1, 25 cents each; and Oct. 1, 15 cents.—V. 159, p. 840.
/ ?/
and
Sept. 27,
fallowing dividends were paid: March 29, June 28 and
37'/2 cents- each ;and Dec. 24, 75 cents.—V. 159, R. 1971.
the
15.
Dividend
declared a dividend of 15 cents per share
$5, payable July 1 to holders of record
distribution was made on this issue on Jan.; 3
May 25
on
common
and July
common
A similar
15.
directors
the
June
••
Co.—37% Cent Dividend— 'V •///':*'
Doehler Die Casting
June
Electric Household Utilities Corp.—15-Cent
The
on
$75,280
30,516
$0.31
$111,227
$0.4S
malt
is
used
smokeless
ceuticals
in
making
gunpowder,
and
other
war
the
industrial
delcing
supplies.
fluids,
.
"
■
alcohol for synthetic rubber
detonating
agents, pharma
• 1
Volume
m
159
The
plant
Georgia & Florida Railroad
operates two plants in Milwaukee, a plant in Detroit
Winona, Minn.
All are producing at top capacity,
company
a
at
'
Period—
(& Subs.)
General Gas & Electric Corp.
Earnings—
—V.
Operating
expenses
-Electricity purchased for resale
Maintenance
Provision
.
•Federal
——_—■
—*
for
—-J
taxes
—*—•
10,481
1,633,367
/./A*
———
480,110
80,8211
484,161.
'■ ■
■Proration of consolidated tax savings—
-Other
1,608,920
'
.
Operating income
Other
income
Net
railway
income—
oper.,
ry.
Gross
"
—
income
$4,205,968;
$4,515,674
——L
—
Net
ry.
2,605,580
113,442
—
Gross
2,627.795
138,198
■
Net
income
.
/
„
ry.
income—
1,644,334
1,438,533
897,350
350,770
for
Proration
*
from
deductions
of
consol.
tax
1.382
1.317
19,766
$679,523
35,085
—
savings-.
——
-
•
•
The
May
59,748
73,213
19,742
63,411
595
2,272,277
879,529
230,577
railway
1761.
~-V.
159,
2196.
p.
2,449,645
1,219,671 :
329,384
-
Lv;////--
{
is
paid
was
30,
Nov.
on
and
1943,
577.
p.
.-"When
'tests
at
to
ever
1 since
'on
the
Allison
new
Installation
•
the
of
engine, in
States
United
fighters
tract
Net
first
in
which
is
of
1937,
development was shelved because of demand for further develonment and production
of the 12-cylinder types to meet specific
Concentrated work on the
'.fighter plane needs of the United Nations.
1942."
1941 and completed early in
24-cylinder engine was resumed in
Large Plant Addition by Chevrolet Division—
contract
The
for
June
$352,525
of General Motors Corp.
Vice-President
addition'will
This
unit.
this
The
114,120
provide
^-space and will increase to
more
building
new
sq.
r
<
At
ft.
of
manufacturing
extra
than 650,000 sq. ft. the floor space in
is
scheduled
to
be
finished next
tern
devoted
are
Buffalo
(N.
Y.)
to
of
which
Chevrolet's nation-wide manufacturing
& Whitney program, including, besides
Pratt
units
plants,
Anderson
Ind'anapolis.
in
sys-.'
the
Muncie,
and
will
Because of the
engine.
supply parts for a new P. & W.
increase in size and power of these units, no parts are interchangeable,
a complete new layout of equipment is necessaiw.
The experience
"already gained bv Chevrolet in building aircraft engines will enable
this conversion to be made and production started in record time.
i
i.60
-V,
159,
"
2196.
p.
General Realty & Utilities Corp.—Earnings—
before
income
Depreciation;
before
been
has
■""There
20,342
136,000
193,662
225,823
Federal
t$2G0,775
excluded
taxes
*$75,781
$67,810
from
income the
share of net loss after
depreciation of Central Park Plaza Corp., applicable to the stockhold¬
ings of General Realty & Utilities Corp. amounting to $16,163.
There
also excluded from income interest received from a mortgage
loan amounting to ■ $37,772, having been credited to general reserve. ,
flncludes a profit of $71,742 as a result of the disposition of securi¬
ties during the current fiscal period.
A collection of interest of $52,500 '
on a mortgage loan, in arrears,, has been excluded from income of the
period just ended, as well as a refund of prior years
amounting to $7,196 affecting the Eldorado Towers,
' /" f
■
"■
■
100,boo
250,000
$561,031
282,084
contingencies.
other
and
.
,
'.
.
capital
stock,
declared
also
directors
par
no
A. similar
a
payable June
value,
distribution
was
7.
each
quarter during 1943.—V. 159,
Steel
of
tax
liability,
maturing
payable,
27
to holders of
made on March 29, last,
p.
Wares,
Net
..
'
.
from
from
and
amortization
of
deducting a ^credit of
31, 1943
Stock
railway
1,708,084
1,956,132
2,223,225
income
oper.
ry.
19,299,063
52,071,760
16,156,5.10
39,076,449
11,120,904
7,085,019
from
7,082,032
5,000,195
61,490,824
ry.
income—_
—V.
oper.
159,
recently by
stated
J.
C. Newman. President, that nlans to
of 7% . cumulative particiDating
outstanding 45.000 shares
reached an advanced stage. The new 5% pre¬
not be issued until the old preference stock has
preferred stock have
ferred
stock
will
been called for
be
cut
to
redemption.
$250,000,
rights, which amounted to
effective/annual dividend requirements
with $315,000 plus participating
comnared
$19,873 in 1943.—V. 159, p. 2080.
balance
$1,539,804 for esti¬
renegotiated, together
be
■
the
for
1944,
March 31,
ended
nine
sheet
April
of
as
30,
' W
7
was
'
■
1944,
^/a! '
:
(& Subs.)—Earnings-
,
1943
1942
$21,835,632 $20,687,207 $20,620,189
19,816,162
18,635,648
18,675,790
from licensed departments201,846
193,354
190,287
""Net
sales
tNet
»
sales
Income
1944
■
-
—
.
■
$20,018,009 $18,829,002 !$18,766,077
17,587,779
219,953
178,550
17,833,3^1
203,861
$948,179
$842,720
$485,402
82,024
58.960
59,315
$1,030,2Q3
/ 117,500
$901,679
$544,717
114,331
137,000
J587.100
1493,558
119,250
profit for year
for conitngencies——
$325,603
$293,791
$294,467 *
75,000
75,000
75,000
to'surp.
$250,603
62,733
$218,791
$219,467
18,684,656
181,313
goods sold——
Depreciation of fixt. & equipmentTaxes (oth, than Fed. taxes on inc.)
Cost
of
_
281,031
.
.166,313
,
profit
Operating
Other
income
(net)*t—r
;
,
Normal
Net
1941
V
$9,211,269
3,213,098
2,300,940/
and
tax
profits
/"
•
..
surtax.—*—
tax
.
,
■
—
Provision
Bal. of net prof, transfer,
1
April—
Gross
Net
28,067,184
6,471,981
3,110,783
ry.
1942
1943
*
$218,374
$186,698
55,699
24,788
10,602
railway
945,058
868,858
731,739
628,301
railway——-
290,200
329,401.
24.4,274
209.891
136,155
208,071
129,937
110,674
income:
oper.
Net
from
ry.
oper.
159,
income
25,912
Gulf Mobile & Ohio
from
ry."
$3,153,467
$3,588,636
1,092,075
422,077
railway- ^
railway-
oper.
1,607,764
497,727
—
income.
1941
1942
1943
1944
from
Net
from
Net
from
Net
ry.
—V,
railway-
oper.
cost,-
at
income.
—
13,336,434
5,559,875
1,859,998
12,252.307
—
4.056,963
1,537,634
■
—
$2,596,791
970,520
437,164
$1,921,299
Gulf & Ship Island
Gross
Net
from
8,894,636
2,745,869
1,233,652
ry.
losses
tingencies, $225,000;
800;
2,327,901
sundry
1,110,540
Fed¬
and
($50 par), $1,008,$1,847,203; total,
392.
.
Inc.—To Purchase Class A Stock
of Parent Concern—
V
announced they had authorized the pur¬
chase by the company of up to 600,000 shares of class A stock of the
parent company, Hearst Consolidated Publications, Inc., at its par value,/
$25 a shares, the Associated Press reported.
$160,522
*2,057
10,982
50,038
"'38,984
*19,184
26,253
953,570
648,784
565,463'
120,487
*29,918
163,391
146,759
38,166
30,654
directors
The
1941
$135,646
87,218
income.
accrued expenses, $514,299; accrued
6% cumulative preferred stock
($5 par), $1,422,065; surplus,
stock
common
Hearst Publications,
54,397
railway—*—
oper.
'*■
Government 7
7,214,631
1942
1943
$204,512.
$254,322
railway
S.
the payment of these taxes of $700,000), $29,500; reserve for
on
accounts sold with guarantees, $141,893;
reserve Lor con¬
294,058
RR.—Earnings1944
from
U.
for
617,345
159, p. 1862.
April—
31, 1944
$521,539;
(other than Federal taxes on income), $67,403; reserve for
taxes on income
(less U. S. Treasury tax notes purchased
The
•
$800,000;
$5,256,163.—V. 158, p.t
railway——
hand,
held
;
From Jan. 1—
Gross
on
eral
RR.—Earnings—
April—
Net
and
Liabilities—Accounts payable and
taxes
v
hanks
in
$5,256,163.
total",
2197.
p.
Assets—Cash
accounts receivable,- $113,169; *
is lower (less reserve of
furniture, fixtures, equip¬
ment, building improvements and leaseholds, at cost (less reserves for
depreciation and amortization of $1,524,444), $999,297; cash funds
held by banks as
security for customers' installment accounts sold
with guarantees, $43,332; post-war refund of Federal excess profits tax, :
$25,411;
miscellaneous
assets,
$45,837;
deferred charges, $132,746;
50,114
74,552
43,653
from
80,462
at cost or market, whichever
$50,000 for future mark-downs), $2,574,831;
$156,168
45,343
■
Consolidated Balance Sheet, Jan.
"
obligations,
inventories,
1941
$209,872
railway—
railway.-.
:
.
From Jan. 1—
Gross
'
132,403
sales. tExclusive of licensed depart¬
ment- sales.; tAfter provision for debt retirement of $40,000 in 1944,,
and $54,328
in 1943, and post-war refund of excess profits tax of
$24,900 in 1944 and $511 in 1943. ..
' .
:•
/
"'Inclusive of licensed department
RR.—Earnings-
1944
■
.
from
from
.
,
Green Bay & Western
Net
dividends
Preferred
:
class
of
Consolidated were notified in
and advised they would be invited
Hearst
said,
announcement
stock.
their
sell
stockholders
A
the
advance,
to
May 26
on
'
From Jan. 1—
from
Net
from
Net
ry.
/
'
,
1,
railway
oper.
159,
p.
.
..
251,884
1862.
income—,
""Deficit.—V.
7
1,047,662
382,677
railway
;
of Hearst Consolidated have declared a dividend of
on the class A stock, payable June 15 to stock-June 1.
Financial records show 1,930,086 class A
shares outstanding, with a dividend arrearage of $7.43 % a share last
;
directors
The
cents a.share
43%
holders
record
of
15.—V.
Dec.
Hamilton Gas Corp. (& Subs.)^-Earnings—
158,
p.
392.
'
revenues.;
■
income
of
debt
debt.
and
—
Non-productive well drilling expense
leases
profit
*Loss.—V.
70,102
83,513
8,658
3,447
11,763
—V.
152,631
"23,734
16,950
166,557
8,909
19,927
5,632
$50,742
$5,558
*$16,875
42,133
exp.
-
—
159, p. 736.
202,720
11,016."
18,750
stock,
distribution
was
March 25, June 25 and Sept. 25, 50 cents
paid:
Official Retires—
The
and'
5,477
—.1——10,945
disc,
.; 1
common
and Dec. 21, a year-end of $1.-
each,
372
33,080
,
the
similar
lowing dividends were
41,078
4,400
42,186
and depreciation*.
Amort, of plant-acquis, -adjustment
Net
257,012
40,456
ll————
Depletion
"
$587,563
4 $612,872
declared a dividend of 50 cents per share
payable June 24 to holders of record June 13.
made on March 25, last.
In 1943 the fol-.
directors on May 31
The
16.220"
taxes—z.———.
interest
*
on
A
18,238
long-term
on
.
3,369
248,771
taxes
General
Other
$584,194
247,915
—
Maintenance;
Interest
1942
$610,288
2,584
—__—18,297
Operation
Federal
1943
$688,632
3,537
revenues..—$692,170:
Gross
Hercules Powder Co., Inc.—50-Cent Distribution—
1944
.12 Months Ended March 31—
Operating
Abandoned
When the refunding becomes
Will
,
and
to
Hearn Department Stores, Inc.
2081.
p.
Amortization
*
the
•
t805,851,
$2.42
the War Department in March
renegotiation.
profit
in
1944
1943
1942
$17,124,734 $14,242,480 $11,174,799
6.148,116
4,745,020
3,642,468
'
/
railway—
railway__—
from railway-
Approved—
standing.
was
for
Years Ended Jan. 31—
tdtal, $7,454,120.—V. 155, p. 1407.
Non-operating income Tnet)——
special meeting held on May 26 approved the
cancellation of* 55,000 unissued 7%' $100 par cumulative participating,
preferred shares and creation of 75,000 new 5% $100 par cumulative,
preferred shares, of which not more than 50,000 shares will be out-'
It
.
showed current assets of
$11,166,538 of which $6,209,139 represented cash and U. S. Govern-"
ment securities, and current liabilities of $9,889,944.
Current assets
a
year
earlier totaled $7,889,197 and current liabilities $6,444,078.
Profit and loss surplus on ApriL'30, 1944, was $1,854,733 compared with ,
$1,834,226 in 1943.—V. 159, p. 2197,
', ;V. \
•
The
From Jan. 1—
Gross
record
and in
2080.
Ltd.—New
taxes
contracts
Government
months
$5,682,477, against $4,684,627 in 1943.
hand,
on
income
Federal
cash refund of $750,000 made to
a
Operating
$1.99!'
$1,652,193; U. S. Treasury
interest, less $1,918,718 applied
$103,511;
accounts- receivable—trade, '
and
$1.06
+814,841
$2.45
353,320
$0.90
refund
on
■;•.
.
299,211
<
tAfter all charges including a provision of $2,*-
estimated
for
:
v
'
share...
per
a
price reduction- on sales from Aug. 1, 1943, to March 1, 1944.
tAfter. provision of $3,223,110 for Federal taxes on income but without
and accrued
at :par
1944—3 Mos.—1943
1944—9 Mos.—1943
$7,882,517 $28,684,535 $18,089,211
•
charges
.
stockholders at a
refund
'
:
282,084
$1.73
Balance Sheet, Dec.
banks
in
series,
April—
Gross
"
General
the
made prior to
and properties
existing plant
p. 2042.
333,000 shares.
Excess
dividend of 30 cents per share on the
June
The
.
3%
Great Northern Ry.—Earnings—
Gross
decided that a payment of $160,000 be made
on
or before
July 1, 1944 aga'nst the outstanding 3%% promissory '
notes due Jan. 1, 1957.
After this pavment, the principal amount out¬
standing will be reduced to $2,146,000.
"
"
'
The directors on May 26
The
company's
the
of
payment
as
,
Net
' •,<
-Declares 30-Cent Dividend—
1
of
154,
taxes
deduction
1944, under bank credit
agreement ("V" loan) for $2,000,000 expiring March 1, 1945, «1,500,- *
000; accounts payable—trade, $226,429; accrued wages, including re¬
serve for wage adjustments; $228,851;
accrued general taxes, $86,436;;;
amount payable
to U. S. Government under renegotiation agreement
covering 1942 business,' $170*000; reserve for Wisconsin income taxes,
$104,840; reserve for possible renegotiation, contract terminations and
other
contingencies,' $112,000; other current and accrued liabilities,
$157,283; capital stock ($10 par), $2,820,840; paid-in surplus, $246,-/
Payment on Note
General Refractories Co.—To Make
-
the
to
with
—
Liabilities—Notes
real estate taxes'
which property
disposed of during the last quarter of 1943.—V. 159, p. 1446%
'
applied
—„—$10,301,997
"'On
con¬
share——.:
reduction
in
226,750
:
_
•
.has been
\
be
1945.—V.
383,972
'
was
will
mated
'including $152,297-owing by U. S. Government (less reserve of $40,000),
$991,013; inventories,. $1,666,138; investments and other assets, $53,501; estimated post-war refunds, of Federal excess profits tax, $337,000; fixed assets (less reserves for depreciation and amortization of
$2,790,477),
$2,471,163;
intangible
assets
(net),
$52,217;
deferred
charges, $127,083; total, $7,454,120.
\.v.
1942 :
$294,561
$454,437
deprec.—
——
income
1,
""Earnings
2,185,000
renegotiation,
possible
.
Gross
Net
79,112
tl,745,000
$488,200
Assets—Cash
—V.
'
'
$301,604
1943
1944
G Months Ended March 31—
Estimated
'
promissory notes in the principal amount of $3,500,000, due
1948.
The balance will be applied to additions, betterments1
Net profit after
$3,152,374
1—
deducting provision for depreciation
in 1932 and $280,598 in 1942.
tAfter
Net
:
for
r
Ind., and Detroit, Bay City, Saginaw and Flint, Mich.
Re-tooling and
re-arrangement of facilities are already under way in these plants, all
.
-
■■■
improvement
Sales
59,171
■
105,000
Net
adds:
further
17 plants in
.
;——
taxes
taxes
Net
announcement
present,
77,318:
1
income.
and excess profits
paid—
per
notes,- tax
Net
.September.
The
$3,093,203
$2,517,312
512; earned surplus, $1,800,930;
according to an announcement made on May 24
General Manager of the Chevrolet Motor Division
Coyle,
E.
M.
513,304
$2,439,995
$175,000 for estimated post-war refund.
is already under way,
and
from
terminations
""After
jplant No. 1 in Tonawanda, N. Y., has been awarded and construction
;by
Income
Hayes Industries, Inc.—Earnings—
addition to the Chevrolet Aviation Engine
large
a
Federal
.
'Proceeds
collateral
$3,606,507
income
Earnings
1939-40
:
$2,988,511
548,517
—
——
income
Dividends
fighting planes possessors
the world's most powerful aircraft engine began
work having been started on it shortly after the
12-cylinder Allison passed its Wright Field Army tests.
During.
Allison
and
Hawaiian Electric Co., Ltd.—Proposes Bond Issue—
<
still
■
"Development
depreciation
1942
——
Appropriation
•
..•
for
The .company has filed with (he SEC a registration statement cover*<
ing the proposed issuance and sale of $5,000,000 first mortgage bonds,
series D, 3%%, due Feb. 1, 1964, which will be publicly offered by ant
underwriting syndicate headed by Dillon, Read & Co., New York, and
Dean Witter & Co., San Francisco.
'"
end of
general' expenses
and
income
Wisconsin
aerial
—
—
operations*—*__***_*
income':
Deductions
engine
new
L_
income
Federal
.
at
1943
$290,222
1944
$247,081
(estimated).——.—....—.
provision
v;
and
designated as the V-3420 series, is a.
24-cylinder, liquid cooled engine.
It has exactly twice the piston dis¬
placement of the present standard Allison 12-cylinder engine, which
powers such famed American fighting planes as the Lockheed Lightning,
the Mustang P-51, the Invader A-36, the Airacobra and the Warhawk.
* "Early mass production Of the new engine at Indianapolis is assured
'because through simplified designing in the power section of the new
motor, which is the heart of the engine, 97% of the piece parts are
interchnageable which those of the present Allison.
This, means, it
was pointed out,
that the new engine is already in effect in produc¬
tion with spares and replacements available in air force depots of
jthe United Nations all over the world.
This also means, it was said,
;that no additional training will be required for men now stationed
in all of the principel theatres of war whose task it is to service
Allison powered fighters.
.
\ ■
/:■;
'
*
;
Allison,
new
a
to
..»•
initial
1943
sales
on
from
Total
greatest striking power of any aircraft anywhere.
"The
$105
National
Period End. April 30—
Other
„
liquid-cooled
make
will
list
secret
at
6
"
■
of the $5 issue will be called for redemp¬
share plus accrued dividends from June l,
50 cents a share.
Holders who deposit their
City Bank of Cleveland at any time after
will receive the full price of $105,50—V. 159, p. 2197.
5,
345.
v;.
last year, as compared with 45 cents,
of 80 cents on May 30, 1943.—<
-L;
30,
an
.
admin,
Profit
successfully underwent
Wright Field in June, 1943, it was rated the most powerful
pass those
rigid tests.
The horsepower has been increased
the
then..
•of the
adds:
further
profit
Selling,
Powerful Engine—
powerful aircraft engine in the world, which will increase
the engine power of the majority of single-engine aerial fighters by
several hundreds of horsepower is now at the service of the United
States Army Air Forces, it was announced on May 29 bv E. B. Newill,
General Manager of the corporation's Allison Division.
The new engine
"has maximum ratings approximating 3,000 horsepower.
:
iThe announcement
shares.
new
Mat Corporation of America—Earnings—
p.
482,932
;■
.
In exchange
228,821
Globe Steel Tubes Co.—Earnings—
most
The
as
.
.
General Motors Corp.—Produces
'
like
and excess
profits taxes computed under the applicable existing tax law.—V. 157,
May 30 paid the regular semi-annual dividend of
the preferred stock, par $10, to holders of record
dividend No. 4.
A semi-annual dividend of like
on
This
July
■"Gross
i
100,000
6 Months Ended April 30—
.
1,355,980
1,394,276
: 453,922
181,494
-
v
Years Ended Dec. 31—
;
the
A
Sept. 13, 35 cents; and
preferred stock has been taken
$4.25
amounting
6
•"Net profit
11,700'
Gerrard Co., .Cincinnati—Pays Regular Div.—
company
v.. 158,
$499,730
$561,986
—
-
of
July
on
and
income
Net
issue
""After
railway.^——
25.
amount
on
41,000*
/: '.
3,836
,
of
unexchanged portion
July
l
$257,545
108,599
;
oper.' income..—.
P.
1941
1942
$330,676
288,308
25 cents per share on
138,198
113,442
—
taxes
tion
to
June
$630,722
$589,427
233,233
-
income—
(S. A.)
174,588
30,579
—
income—
income
Federal
Issue
new
The
.■*
-Earnings-
1943
1944
railway
from
—V.. 159.
.
12, 25 cents each;
on
were
outstanding $5
certificates 'at
"
cents per share
preferred stock under an offer of exchange made
May 19, the company announced May 31. Deposits received carried
the requests for exchange above the total which can be met by the
406,747
railway-.]
from
ry.
12 and June
of 25
to holders of record June 6.
13, last.
Payments in 1943
year-end of 65 cents.
a
1,567,612
1,001,660
.,
dividend
a
13
March
on
entire
2,517,581
oper.
Net
June
on
$875,193
7
$714,349
Federal
than
!
income
Gross
.
other
taxes
Provision
1944
156,434
___'—_ *
income
'
for
1943
$902,745
1—
-—:
-
! Provision for depreciation__„___
Other
•'
/,
,
.
—
expenses
Provision
for
80,061
3,584,036
from
Net
Company)
(Parent
Income
12 Months Ended March 31—
.
General
289,345
1,648,900
/ *' From J an. 1—
$1,439,976
$1,796,652
.
of
f
Total
379,501
3,047,159
1,192,631
railway—*-.
oper.
from
Gross
income
Statement
96,216
159, p. 1973.
Net
Subsidiary operating companies
General
Gas
& Electric
Corp
Net
315,318
Georgia Southern & Florida Ry.
Deductions from Income:
X-
425,363
railway.—.1
from
from
April—
1
March
13,
The
$396,729
From Jan. 1—
Gross
Net
$4,162,529
43,439
$4,390,291
125,383
—
(net)
from
—V.
'
-)''••
Net
declared
payable
disbursed
New Preferred Stock Taken in Exchange—
$694,076
—
taxes—-.—-——>—
was
1941
$917,603
$866,661
326,541
278,318
railway
1942
1943
1944
from
stock,
amount
159,. p. 2197.
Gross
,
depreciation
income
$760,805
follows:
$38,900
$38,925
revenues—..
April-
$17,324,256 $16,049,016
1—»
7,275,807
6,375,522
506,485
378,575'
(net)—,
1,140,237
1,110,568
1,883,427
1,851,972
,
,
$904,885
common
Georgia: RR.—Earnings-
.1943
1944
" 12 Months Ended March 31—
I Operating revenues
1943
Dec.
"(Excl. Virginia Public Service Co. and subs., Dover Gas Light Co.,
'Tide Water Power Co. and Eastern Shore Public Service Co. and subs.)
j
1944
directors have
The
—Jan. 1 to May 21—
21
1943
1944
Operating
(M. A.) Hanna Co.—25-Cent Distribution—
Earnings
-Week Ended May
1'
^according to Mr. Froedtert.—V. 159, p. 1656.
i
2303
r 1 -
'
"
'
"and
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4287
■
■
a
retirement
member
159,
of
1762.
p.
of
the
Charles A. Bigelow, Vice-President, a director,
finance committee, was announced on May 31.
<
119
16,401
5,771
'
Holyoke Street Ry. Co.—To Redeem
Bonds—■
mtge. (now known as income) bonds,
called for redemption as of July 1, 1944,
at the reduced face value thereof, plus accrued interest to Julv
1,
1944.
Payment will be made at the Springfield Safe Deposit.& Trust
All
due
of: the
Jan.
1,
Co., trustee,
outstanding
1st
1945, have been
127 State St., Springfield, Mass.—V.
159, p. 2198.
THE COMMERCIAL & FINANCIAL CHRONICLE
2304
redemption as of Aug 1, 1944, through
operation of the sinking fund, of $491,000 of 15-year 4 ¥4% sinking
fund debentures due May 1; 1954, at 1013/4 and int.
Payment will
be made at the Maryland Trust Co,, trustee, Calvert and -Redwood
Streets, Baltimore, Md., or at the Bankers Trust Co., 16 Wall Street,
New York, N. Y„ or at the Boatmen's National Bank of St. Louis,
St. Louis. Mo,—V, 159, p. 2082.
called
have been
of the new corporation code of Missouri.
Based upon counsel's pre¬
liminary views, amendments may be recommended to assure the
validity of dividend action, and, if so, such recommendation will be
International Rys. of Central America—Earnings-
Houston Oil Co, of Texas—Calls Part of DebenturesThere
Net
fr.
rev.
ry., opefs...
avail,
$2,985,369
1,460,271
$643,460
$651,727
265,696
Railway oper. revs.
Income
1944—4 MOS.—1943
1944—Month—1943
Period End. April 30—
for
323,613
$2,665,812
submitted for
1,446,653
ticable*..
fixed
for
—
198,586
263,569
1,133,570
146,142
193,779
915,502
887,027
Period End.
Gross
$786,804
555,969
$756,102
& taxes
559,683
Operating income
income
Non-oper.
1944—4 Mos.—1943
$3,062,492 $3,104,720
2,264,559
2,212,863
1944—Month—1943
April 30—
revenue—
oper,
expenses
'
40,384
39,665
13,034.
12,758
$891,857
$797,934
$230,835
$196,'419
•—
----
.
$932,241
income: —--i
$209,177
$243,869
$837,599
charges —1—
adjust, income
bonds
(at 5%)
135,061
138,543
541,366
556,833
98,658
111,033
412,333
$24,542
$5,707
$116,100
$70,726
Income
Int;
on
Deficit
——.—
159, p. 1763.
—V.
.
There have been called for
Iron Fireman Manufacturing Co.
10-year bonds due July l,
be made at the Bankers
trustee, 16 Wall St., New York, N. Y.—V. 159, p. 1148.
Trust Co.,
profit
stock
is
ready
for
distribution
of
out
Canadian
war—
and
inc.
$1,238,407
42,117
43,007
profit
250,000
-
Balance
Sheet,
Illinois Central RR.—Earnings of System—
Railway
Oper.
Railway
oper.
tax
Railway
(net
rents
Net
ry.
Other
income
income
deductions
Misc.
fixed
charges
'
other
■'
•
1,074,628
1,210,956
4,368,682
4,906,565
$1,982,419
—
income
"After
providing
for
$2,227,235
$6,893,952
< 3,653,467
Federal
income
and
excess
Earnings of Company Only
April—
from
Net ry.
1944
:
Gross from railway
Net
railway——
income—
oper.
laihvay
Net from railway—
Net.
ry.
—V.
income—
oper.
159.
"
.
1941
1942
1943
$9 ,010,355
$18,544,237 $17,046,756 $13,669,096
7,123,568
4.541,565
5,754,528
2 .165,835
1 ,295,921
2,660,025
2,864,882
1,747,915
72,461,057
25,968,087
9,249,452
68,560,065
51,099,379
37, 267,042-
15,860,579
7,218,324
10, 869,313
„
Net
23,993,240
11,955,856
1944
from
'railway..—
railway——
income.—
from
7, 938,318
Net
Net
ry.
income.—
oper.
—V. 159,
•
Dec.
$846,126
$719,277
272,073
$525,429-
388,853
117,767
114,944
155,536
3,785,317
1,730,704
476,306
3,118,237
2,549,900
2,046,647
1,366,868
948,215
725,867
459,419
557,726
416,297
Cost
110,837
to U.: S.
of
Army Air Forces
sales—
1943
1942
profit
Profit
Other
on
—
sales
expenses
$3,334,244
$3,i47,343
$3,077,509
$2,851,504
from
1,094,573
1,092,924
965,041
960,905
—V.
912,744
„
$1,203,860
504,875
504,875
71,067
$545,564
$598,792
Cr14,290
$1,272,645
500,980
.-V
$627,919
for
$8,088,761
...
Federal
profits
—
for
and
State
contingencies
terminations
profit
paid
$700,284
1944
in
connection
Sales
the
surrender
6,477,642
5,829,253
265,091
redemption
date, holders of these bonds
at
the
office
of
the
trustee
p.
ended
April—
1944.
Gross from railway....
Net from railway
Net ry.
oper. income
278,346
share—————.—.——
per
in
banks
and
hand,
on
$3.05
$618,546;
paid-in surplus, $950,832;'
$18,664,681.—V. 159, p. 1040.
Total
earned surplus, $3,412,737;
.
income
Gross
from
from
Net
ry.
—V.
railway;
railway
Depreciation
Taxes
oper. income
159.
p.
1764.
1943
1942
$11,792,148
—7,304,985
—;
——
905,220
530,543
314,003
$3,051,399
8,902
$2,005,909
$3,066,301
$2,009,658
258,6l20
....—
.
Operating income ——
Non-operating incgmb
$8,936,842
5,756,538
' 860,392
(other than income taxes)—.
Gross
income
—
1942
19411
$1,588,162
$1,124,887
1,064,950
355,080
411,674
202,153
223,959
5,576,937
1,194,456 :
1,580,743
578,495
Employees'
;
«
——
—
211,372
1,098,551
...
participation
3,748
25,660
437,594
431,344
—$1,312,783
$1,294,033
54,895
9,659,978
4,266,553
—...
other charges—
and
taxes
Net income
— ———
Dividend
Powell
President
10,161,176
3,366,488
1,195,047
Subs.)—Earnings—
—————————
Operating expenses
C.
Groner
Outlook
states—In
view
of
the
improved
755,675
financial condition and earnings record of the company, the directors
contemplate the initiation of dividends this year, subject1 to the advice
209,789
of
4,174,078
counsel
as
appropriately
to
whether
some
...
1942
$1,582,979
$1,172,700
160,111'
134,433
$1,743,090
1,017,132
—
$1,307,133
78.521
105,099
109,600
109,703
175.300
—
3,600
profits' taxes'
Various State income * taxes
999,363
24,000
1,300
$338,536
$88,068
.
'
Net'
profit'
...—_——i-*...—--4^-:
...
on
hand
Balance
and
Sheet, Dec. 31,
1943
in banks, $1,224,363;
accounts receivable,
discounts arid allow*
ances of $107,258),
$266,385; vendor's accounts, debit balances, $868;
accounts receivable, miscell.
(less reserve for doubtful collections of
$726), $4,570;
inventories, $1,748,537; cash deposited with Federal
Reserve Bank for payment of specific taxes, $21,119; cash surrender
value of life insurance
policies, $205,933; investment in La France
Textiles, Ltd., $297,000; deferred items, $38,786; fixed assets, $1,750,247; goodwill, trade marks, etc., $1; total, $5,557,809,
(less
for
reserve
doubtful collections,
.
Liabilities—Due
oil
Reconstruction
Finance
Corp.
loan,
$323,718;
certificates of
indebtedness, $131,859; accounts payable, trade, $310,672;
customers credit balances, $3,429; accrued salaries, wages, interest and
expenses, $73,653; accrued taxes (other than income taxes), $37,380;
sundfy items, $4,101; provision for, Federal and State income taxes
(prior periods), $75,467; provision for Federal and State income taxes,
current
period
(less
U,
S.
Treasury
tax
notes
and
accrued
interest
thereon
12 Months Ended Dec. 31—
Interest
From Jan. 1—
Net
total,
——...
—
Consolidated
receiv¬
'
'
$8,787,586
7,614,886
expenses
——i—_
Allowance for depreciation
!
Federal normal, surtax and declared value exc.
$2.76
accounts
>
$9,200,090
7,617,111
Other
of $100,100), $99,200; deferred credit to operations, $1,869;
Reconstruction Finance Corp. loan (less amount included abova
as a current liability of
$323,718), $95,084; second mortgage 4%■ sinking.
fqnd bonds, $731,250; certificates of indebtedness (less amount included
due
Operating revenue
——
———————
Operating expenses
v
customers
$5,235,731;
————
...
profit
income
(Tentative renegotiation refund.
Balance Sheet, Dec, 31, 1943
Income
-Earnings—
$2,512,800
813,994
265,835
,
1943
————
of sales——
Gross
$1,708,478
92,782
credit—*—
post-war
1863.
1943
$2,620,051
(& Subs.)—Earnings—
Years Ended Dec. 31—
Net sales
Cr560,187
.
Liabilities—Regulation; "V" loan payable, $6,000,000; accounts pay¬
able, trade, $1,513,145; accrued taxes (less anticipation notes, $1,300,000), $5,614,375; accrued salaries and wages, $49,523; advance pay¬
ments on sales contracts, $5,524; reserve for contingencies in connec¬
tion with contract
terminations, $,500,000;
capital stork (par $1),
.
International Great Northern RR.
31,947,647 166,586,712 161,998,643
number of Kroger stores in operation during the four
May 20, 1944, was 2,955. compared with 3,074 in the
period last year, a decrease of 4%.—V. 159, p. 1974.
average
La France Industries
—...
Cr599,974
—
serves
for depreciation, $132,356), $98,493; emergency facilities, land,
buildings and equipment (less reserves for amortization, $1,275,251),
$1,477,723; Federal excess profits post-war credit, $1,160,161; deferred
accounts receivable and charges, $333,647; total, $18,664,681.
such
bonds
$
$
$7,074,482
U.
S.
Army
assigned, $2,480,779;
other accounts receivable,
$652,971; inventories, substantially (at the lower of cost or market),
$7,225,177; regular facilities, land, buildings and equipment (less re¬
The company has called for redemption as of
July 1, 1944 all of its
$1,500,000 outstanding first mortgage conv. 4% bonds due April 1, 1952
at 102 and interest.
Payment will be made at the Guaranty Trust
Co., trustee, 140 Broadway, New York, N. Y.
prior to
\
1944—20 Wks.—1943
$
34,676,291
same
with
—
Kansas City Public Service Co., (&
and
1944—4 Wks.—1943
$
1,221,228
able,
cash, $842,439; U. S. Government
102^ with interest accrued to July 1, 1942.—V. 159,
$170,000 Bonds—
Kroger Grocery & Baking Co.—Sales Higher—
Period End. May 20—
and
—
;
Inspiration Consolidated Copper Co.—Bonds Called—
time
174,111
•
$8,295,710
$1,890,568
profits
excess
income
taxes.—..————
"Voluntary refund.
Liabilities—Capital stock (preferred), $1,054,900; capital stock (com¬
mon), $5,250,000; long-term
debt, $14,425,000; customers' deposits,
$107,184;
other
current
and
accrued
liabilities, $155,489; matured
interest, $2,400; unamortized premium on debt, $28,060; customers'
advances for construction, $241,349;'revenues billed in
advance, $9,029;
taxes accrued, $1,003,283; interest accrued, $186,304; contributions in
aid
of
construction, $87,212; reserves, $2,308,808; earned surplus,
$2,217,986; capital surplus, $390,048; total, $27,467,053.—V, 159, p. 1763.
any
387,556
396,333
its
Other
Earnings
71,381
$600,000; accounts receivable, $333,277; materials and sup¬
plies, $115,173; other investments* $16,443; prepayments, $10,927; post¬
war
refund of Federal excess profits tax, $51,729;
special deposits,
$8,419; unamortized debt discount and expense, $766,325; deferred
debits, $19,543; total, $27,467,053.
present
816,503
842,781
313,459
trustee. 115 West Monroe St., Chicago, HI., or at the Bankers Trust Co.,
16 Wall St., New York, N. Y.~V. 158, p. 1348.
78,135
:
...
Dividends
securities,
At
52,421
company has called for redemption as of July 1, next, $170,000
outstanding 1st rntge. 3%% bonds, due 1969, at 107.56% and
interest. Payment will be made at the Harris Trust & Savings Bank,
of
1942
$9,691,386
1,602,625
operations.
Assets—Cash
may
796,459
453,704
294,633
1,468,557
740,796
Kansas Power & Light Co.—Calls
699*086
$1,089,377
Assets—Utility plant,, $24,702,778;
and receive
$184,594
92,952-
The
$7,152,617
175,073
Federal
879,773
$1,129,500
504,875
79,062
Balance Sheet, April 30,
-
1941
$203,807
83,867
36,132
$371,928
186,708
79,066.
1,372,318
railway
railway—
income
159, p. 2198.
oper.
Assets—Cash
Bal. avail, for divs...
520,784
1942
1943
1944
$392,654
164,683
68,274
from
ry.
The
income,—.—$8,267,496
expense i—
J—
;
234,168
Provision
Net
charges—
929,924
v
■
from
weeks
178,735
contract
1,110,171
deductions
pfd. stocks for period—
to
2198.
from
Net
Cost
income
excess
1941
All Fed. and local taxes
Interest
$103,672
(Including wholly owned domestic subsidiaries)
Gross
Provision
1944
maintenance
and retire, or deprec.
-Other
79,256
$108,616
from
188,931
•Operation,
income
$1,516,953
Net
31
1943
Indianapolis Water Co.—Earnings-
Net
$1,413,824
520,784
80,390
;
income
159,
Gross
$68,915,622 $38,937,464
"5,000,000
(4,500,000
54,224,237 26,141,755
■
Other
.—...
$2,446,877
745
$182,928
■
Total
12 Mos, End. Apr. 30—
4Gross revenue
$2^366,908
953,084
2,187
$189,006
(net)
railway.—
railway——
Net ry. oper. income—
1763.
p.
$2,439,148
7,729
p.
Net
every reason to believe-the company is well qualified to con¬
effectively in this field."
Company produced a record outptit of engines and parts during
1943 at the comparatively low margin of profit of 2.9%
on the net
sales, after taxes, but before renegotiation.
Operating
railway—
from railway—.
$2,351,859
15,049
::
Kansas Oklahoma & Gulf Ry.—Earnings—
Harris, 3rd, Chairman of the board, in the company's
report, stated that the company, which has powered practi¬
cally all of the Army's autogiro developments since 1936, had recently
acquired certain new experience in helicopter drive engineering.
"Although there are substantial differences between autogiro and
helicopter applications, valuable experience has been gained in the
problems of powering rotary wing aircraft," Mr. Harris said, "and
Refund
1941
$938,974
424,520
oper.
from
$182,183
applic.
Andrews
Sales
1942
1943
From Jan. 1—
<Gross
1,500
$186,819
revs.——
April-
there is
Illinois Terminal RR. Co.—Earnings-
Net ry.
774,667
1,500
charges
Gross
Report—
Ended
April—
■Gross
war."
Ji
2082.
p.
816,000
125
.
—V.
tribute
from
68,667
125
*
Dividends
annual
taxes
profits
From Jan. 1—
Gross
66,667
limited-term
income
Net
Company, makers of air-cooled radial engines for twin-engine mili¬
tary training planes and small transports, states that recent "research
shows possibilities for wide developments in the helicopter field after
the
"Net
1,149,470
552,094
reserve
income
and
Jacobs Aircraft Engine Co.—Annual
$3,438,191 $11,262,634 $14,560,032
$3,057,047
_
and
605,236
of
$8,134,999
3,218,120
From Jan. 1—
leased
for
rent
railroads
54,427
——„
Interest
fixed
charges
Int.,
3,559
3,414
——
for
avail,
Inc.
56,533
—
Gross
contingencies, $26,000; reserves for est. additional costs
arising out of war, $265,000; common (359,910 no par shares), $1,799,550;
paid-in
surplus,
$595,650;
earned
surplus,
$2,577,416;
total,
$12,715,915.—V. 159, p. 936.
258,154
17,267
412,603
17,557
71,390
,
1,877,354
oper.
Other
$91,792), $2,673,233; inventories of raw materials, work in
and finished products, at average cost or market, whichever
lower, $4,668,750;
other assets, $57,661; capital assets (net),
antees
$3,370,360 $10,867,588 $14,319,145
$2,945,842
114,619
153,034
taxes
Net
payable to banks under "V" loan agreement,
$900,000; accounts payable, trade, $2,452,012; accrued payrolls, taxes
arid expenses, $766,832; refund payable to the U. S. Government for
reduction of contract prices, $1,500,000; reserve for est. income and
excess
prftfits taxes (less U. S. Treasury tax notes of $1,585,000),
$1,830,000; deferred finance income, $3,455; reserves for product guar¬
2,014,449
1,534,534
401,297
369,488
Br)—
oper.
3,558,577
174,027
investments
Liabilities—Notes
facil.
joint
and
Eauip,
$9,210,526
237,747
appropriation
$1,927,266; deferred charges, $62,814; total, $12,715,915.
—
$696,183
298,593
.
Amort,
of
was
V
1944—Month—1943
1944—4 Mos—1943
revs.
$21,030,144 $19,903,954 $84,118,051 $80,927,687
exps._—
13,169,366
13,035,447
53,745,172
51,882,485
accruals4,545,448
3,096,850
17,970,757
12,711,608
1944—12 Mos.—1943
1944—Month—1943
$782,764
on
process
Period End. April 30—
Electric Co.—Earnings-
&
revenues-
Prop, retirement
1943
1,374,433
expenses....:
taxes
Federal
431,874
31,
Dec.
Gas
Operating
$491,646
431,874
_
oper.
Operating
Cr66,418
$900,849
——
paid
Consolidated
ables
3,365,283
1,994,481
354,950
159, p. 2198.
Period End. April 30—
771,062
hand, $3,034,749; U. S. and Canadian
war
savings bonds, $90,592; cash surrender value of life insurance
policies, $200,849; accounts receivable (less reserve for doubtful receiv¬
Aug. 1.—V. 159, P. 2198.
6,637,872
2,546,586
2,10$,535
1,892,734
.
Kansas
excess
—
Assets—Cash in banks and
on
5,875,980
income—
ry.
Other
Net
Dividends
.5,467,131
Net
taxes ——3,189,686
Est. additional costs applic. to this period aris¬
ing
8,379,563
Net
——
and
556,532
14,684,395
50,285
$4,383,542
■;
Fed.
$1,430,243
668,288
•
1—
from
$1,188,122
profits
preferred stocks,
be
to
for
>
$2,476,211
1,100.789
620,717
14,761,751
income—
oper.
From Jan.
railwayfrom railway--——
income
1941
1942
1943
$4,228,505
$4,175,267
1,883,295
2,194,713
827,141
$4,352,602
operations
Interest, paid
Prov.
savings of $128,775 a
to vote on the exchange plan
Stockholders are
new
ry.
1,766,308
income
Total
it is estimated, will permit
net, after taxes.
23 and the
June
on
Net
296,813
1,976,544
expenses———
railway—
railway—
from
30,940
from
prac¬
Ry.—Earnings-
1944
from
Net
—V.
preferred stockholders would have
the choice of accepting the redemption price of $110 a share for their
present holdings or of taking in exchange an equal number of 4%
shares, plus cash payment both of the regular quarterly dividend and
of the difference existing between redemption price of the old and theoffering price of the new stock.
■ ■■;■.
year
April—
Gross
11,840,927
30,284,772
and general
as
soon
stock
Kansas City Southern
1942
amortization..—.1——414,542
and
admin,
as
Dec. 31, 1943
cumulative preferred stock
(par $70), $7,567,542;
(343,740 no par shares), $1,718,702; capital surplus,
earned surplus, $1,145,048; first mortgage bonds, series C,
4%, due 1957, $1,044,200; secured notes payable to bank, due 19441947
(less amount payable in 1944 of $240,000). $680,000; deferred
liabilities, $65,603; amount payable on bank loan, as above, ■ $240,000;
equipment trust notes, secured,. $40,000; miscellaneous accounts pay¬
able, $255,111; audited accounts and wages payable, $747,655; balance
payable to employees under participation plan,
$115,904; matured
interest and dividends unpaid, $40,027; bond interest payable Jan, 1,
1944, $20,884; unredeemed tokens, $101,630; accrued taxes, other than
taxes
on
income, $55,311;
Prov.
for estimated Federal and State
taxes on income, $1,098,551; reserves, $10,642,696; total, $26,924,611.
—V. 159, p. 1974.
$37,028,461 $15,092,170
—
sales—
Depreciation
Other
Under the exchange offer existing
The exchange plan,
1943
sales
of
the shareholders
Balance Sheet,
Liabilities—5 %
common
Gross
Blyth & Co., Inc.; Lazard Preres & Co., New York, and Wegener &
Daly Inc., of Boise, Idaho, comprise the syndicate which will pur¬
chase for public resale the new 4 % preferred stock of the company,
which is not taken in exchange by present holders of 7% and $6 senior
shares.
Offering price of the new stock is expected to be slightly in
excess of $100 a share, and the new stock will have the same voting
rights and equity rights as the existing
Net
Cost
of
...
$1,345,747;
(& Subs.)—Earnings
Years Ended Dec. 31—
Selling,
Co.—Syndicate Formed—
Idaho Power
,
Interstate Natural Gas Co., Inc.—$1.25 Dividend—
redemption as of July l, 1944, for the
sinking fund, $89,000 of first mortgage' 6%
1946
at 100 and interest,
Payment will
*
Assets-—Operating properties, at cost, $24,326,782;
other assets,
materials and supplies (less reserve of $44,256),. $304,463;
receivable, $61,841; due from officer and from employees,
$11,825; U. 9. Government securities and accrued interest thereon,
$920,934; cash working funds, $107,922; cash in banks and on hand,
$804,911; deferred charges, $65,741; total, $26,924,611.
A dividend of $1.25 per share has been declared on the common
stock, no par value, payable June 30 to holders of record June 15.
Payments in 1943 were a$ follows:
June 30, $1, and Dec. 15, $1.10.
—V. 157, p. 2043.
Line—Calls $89,000 Bonds—
Hudson River Day
consideration
accounts
There have been called for redemption as of Aug. 1, 1944, a total of
$1,500,000 of outstanding first lien and refunding mortgage 6%% gold
bonds, due Feb. 1. 1947, at 100 and interest.
Payment will be made
at the office of J. Henry Schroder Banking Corp., 48 Wall St., New
York, N. Y., in lawful money of the United States, or, at the option
of the holder thereof, at the office of J. Henry Schroder & Co., 145
Leadenhall St., London, England, in pounds Sterling, at $4.86% to
the pound Sterling.
Holders of the called bonds may present said
bonds on or before date of redemption and receive 100 and interest to
Aug. 1, 1944.—V. 159, p. 1863. '"'v-V: ' r?
446,133
Gross
the
-
$320,192}
$1,500,000 Bonds Called—
Oper.
'
Consolidated
.
Hudson & Manhattan RR.—Earnings—
•
1,170,212
„•
charges
Net income
Monday, June 5, 1944
amendment
of
the
charter
should
first be made to conform it to the diivdend provisions
on
above
as
a
current liability of $131,859), $20,345; reserve for moth
damage guarantees, claims, etc., $27,800; reserve for contingencies,
$62,984; reserve for unredeemed coupons, old mortgage bonds, $1,800;
6% cumulative preferred stock (par $100), $1,184,625; class A common
stock, $50; common stock (194.168 shares, no par), $873,756; combined
surplus, $1,498,766; total, $5,557,809.—V. 159, p.
1864.
Laclede Gas Light Co.—Supplemental Findings by SEC
The SEC
which
on
plan
May 29 approved the plan of reorganization as amended,
provides,
among
other
things,
for
the
following
trans¬
actions:
(1)
Sale
of the
electric
by Laclede Electric to
Union Electric Co. of Missouri at a base price "of $8,603,000, subject
to certain adjustments, to the date of closing;
(2) Transfer to Laclede Gas Light Co. by Laclede Power & Light Co.
of all cr substantially all of its assets,'including its share of the pro¬
ceeds of the sale, and the dissolution of Laclede Power & Light Co.;
(3) Payment in cash at the principal;jamoupt,and accrued interest,
but without premium, of Laclede Gas's presently outstanding refund¬
ing and extension mortgage 5% bonds,!'and firit' mortgage collateral
properties cpreated
.Volume 159
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4287
and refunding 5 Via % bonds, series C and D,
aggregating $31,961,105
principal amount as of Dec. 31, 1943;
' *
V
-v
' : '
(4) Extinguishment of all Laclede Gas's existing preferred stock,
Including all unpaid dividend accumulations thereon, and of all Laclede
Gas's existing common stock, and issuance by Laclede Gas in lieu
thereof of new common stock, with a par value of $4 per share, to be
distributed as follows:
X;
la) 14 shares of new common stock for each share of existing 5%
.
cumulative preferred
stock, $100 par, and its unpaid dividend accumu¬
XX' ■■■'■
1
lations;
(b)
share
one
$1C0
value
par
(5)
Issuance
•stock
in
<a)'
of
new
to
stock
common
share
each
for
of
existing
stock;
common
Ogden
of
Corp,
the effective
shares
2,165,296.
date of the
of
new
common
.XX.
,
proceeds
the
from
V
plan; •
/
,
sale
the
of
electric
properties,
less
such
portion
•
Assets
transferred to Laclede Gas by Laclede Electric as pro¬
paragraph No. 2 above;:
x
i
It is provided in the plan that if the cash payment mentioned in
(c) above falls below $5,975,000, the number of shares issuable to
Ogden will be decreased by a number of shares which, in the opinion
of the proponents of the plan, will fairly compensate for
any such
vided in
.
decrease
the
in
amount
of
elects, it will
so
cash
be
to
reecived
Laclede
to
pay
by Laclede Gas;
in
Gas
cash
a
or.
if
sufficient
sum
to increase to $5,975,000 the amount of cash to be received by Laclede
Gas.
The maximum cash payment to Laclede Gas is to be $6,175,000.
Any cash remaining in Laclede Electric's treasury after such maximum
payment thereof
Laclede Electric.
is
Ogden
Payment by
Electric of a cash
of
The
distributed
rata
pro
the
to
stockholders
of
v
(6)
assets
be
to
Laclede
amended
the
to
amount
Electric
minority
to their pro
equal
after
stockholders
rata
consummation
the
of
Laclede
of
share in
the
net
sale.
mortgage bonds
annual
provision
12%
of
gross
such
gross
for
the
the
revenues
maintenance
to 15%
revenues
cost
of
of
and
gas
after deducting from
gas
provided that, in the
distributed by the com¬
mixed
or
then
gas,
year for the said mainte¬
improvement fund, instead of the foregoing percentage of
a
sum
equalto to 2%%
of the average gross
and
operating
.property.
revenues,
x.\X'X/'XX:XXX
amendment further provides that the mortgage indenture be
modified to contain a provision that no charges
may be made against
capital surplus of the reorganized company except charges arising
The
out
of
of
adjustments
this
to
Commission
be made
the
or
the
in
Public
accounts
Service
connection with the effectuation of this
charges
at
as
are
expressly
directed
be
to
as
result
a
Commission
reorganization
of
of
orders
Missouri
in
and such other
made
against capital surplus
time by orders of this Commission or the Public Service Comof Missouri.
- XX„'' '.V.'"'
:•.'x;Xj>X
X. '■ ••
XX;X.'
any
'
mission
•
Inasmuch
the
plan is not to be carried out except in accordance
appropriate Federal District Court, the SEC order
will be in such terms that it will not
be operative to authorize the
consummation of transactions provided until such court
shall, upon
application, enter an order enforcing the plan.
/
Jurisdiction will also be reserved to determine the number of shares
with
as
order of
an
an
of new common of Laclede Gas issuable to
Ogden in the event that the
total of cash, including Laclede Gas's share of the
proceeds
of
the
to
Laclede
Plan
Lines
April,
in
Feb.
15,
electric
properties,
Gas.
turned
falls below
by Laclede
over
$9,080,000.—V.
159,
Electric
from
and
sale
April—
Gross
Net
ry.
1944
1943
1942
1941
$145,001
$382,927
$530,802
114,573
32,710
240,325
405,319
income—
98,416
From Jan. 1—
Gross
Net
from
-■
railway
367,086
railway
ry. oper. income.—
"Deficit.—V.
15,997
184,249 x
-x..'
->•
from
Net
159,
.
340,600
X.X',:1
directors
stock.
chase
and
.
626,132
626,213
170,598
have
Of
approved
this amount,
shares
900
Co,
1354.
p.
of
56,419
141,686
>;
..
to
are
the
,.
be
redeemed
San
Francisco
will
act
as
.
redemption agent.—V, 159,
>i ,'.x;XxX:
'."X
Transit
the
and
from
Net
ry.
railway——
railway.
from
Net
$293,232
26,287
1941
Cofnpany
Gross
from
Net
ry.
—V.
Lehigh
Transportation Co., Easton Transit Co.
and
Transportation Co.
Plans for the re¬
capital structure of Lehigh Valley Transit Co.
under consideration,
but have not yet been formally presented
Commission approvals.
panies,
Easton
and
are
for
of
Balance Sheet, Dec.
31, 1943
demand), $921,027; cash in banks
(time deposits), $20,000; special
deposits, $37,938; U. S. Government and other short-term securities,
$1,175,000; accounts receivable, $18,125; materials and supplies, $146,822; prepayments, $22,112; other current and accrued assets, $23,349;
deferred
debits (incl. unamortized debt expense of $10,088), $21,635;
reacquired capital stock (1,013 shares Lehigh Valley Transit Co. pfd.
(5%)"and 3Pn shares Lehigh Valley Transit Co, common), $68,197;
total, $23,769,598.
x'.X*. X-X-"XX\XX
.
.
•
Liabilities—5%
cumulative
preferred
stock
($50
par), $4,979,687;
($50 par), $2,997,350; long-term debt, $7,127,250; ac¬
counts
payable, $88,605;, taxes
accrued,
$559,819;
interest accrued
(cash
in
special deposits), $32,312; other current and accrued lia¬
bilities, $89,917; deferred credits, $35,415; reserves, $3,561,334; capital
surplus, $19,148;
earned
surplus, $4,278,760;
total,
$23,769,598.—V.
154, p. 1192.
j.
Inc.—Earnings—
X:XX.,xrXX.
Quarter Ended March 31—
♦Net profit
Earnings per
1943.
tOn
Company's
Net
$$0.09
$159,716 in
for
tOn 248,878
orders
contingencies
*
taxes
for
income
oper.
1943
103,502
2,600,000
1,871,289
2,600.000
2,600,000
1,793,512
1,730,743
$15,238,999
$8,142,371
7,295,853
8,862,771
2,849,830
__
before
1
-
•
from
Net ry.
—V.
2,089,646
railway..
preferred
taxes
common
share
to
reserve
$4.44
account
on
April— .'\X:
from
from
19,742
rj.
$5,292,541
of
such
159,
$3.83
railway—
railway
foreign
funds
as
may
691,943
69,491
Net
$2,645,690
Mahoning Coal RR. Co.—Quarterly Earnings
3 Months Ended March 31—
Income
from
lease
income
51,101
Net
ry,
railway
665,081
532,009
118,894
34,357
128,777
39,918
13,305.238
159,
p.
from
12,250,233
9,588.243
7,905,146
2,005,589
*172,579
1,935,997
1,934,326
1944
and
road
1943
$351,832
equipment
$395,917
2,488
9,764
$354,321
$405,681
157,600
Total-.: income;.
♦Taxes
———
Net
Div.
194,800
2,615
X.—
pfd.
on
♦Includes
159,
2,691
$194,105
$208,190
—
income
stock—1.25%
Net income
—V.
,
.
Other deductions
Fed.
indbme
8£f37
8,267
$185,838
$199,923
157,600
194,800
———
after dividend
&
preferred stock
on
excess
profits taxes
1660.
p.
Manchester Gas
railway
31,521
168,105
X
Operating
Operating
Federal
for
other
State
Operating
income
Federal
1942
1943
1941
$1,072,533
355,735
income—
158,482
193,028
208,499
193,219
railway
Net from railway—
from
159,
6,548,485
6,422,363
4,000,216
3,194,576
2.574,999
2,732,391
795,851
1,561,609
706,400
685,759
2199.
p.
15,603
2,577
2,409
59,551
.
63,400
———————
income
—
$45,687
—
$33,985
5,881
5,834
$51,568
$39,819
—
.
income
:
—...
deductions
.
income
—
442
841
$51,126
$38,978
-
——1
—
Balance Sheet, Dec. 31, 1943
,
on hand
$145,000;-
special deposits, $12,142; accounts receivable, $304,040; deferred debits^
$6,779; total, $2,811,892.
stock,
(preferred),
preferred stock (9,000 shares par $100), $900,000;
shares par $100), $900,000; dividends payable
(9,000
$9,005;
payable to
associated companies,, $361;
customers,"
$12,821;
deposits,
accounts payable, $11,083; Federal income taxes
other Federal taxes accrued, $1,600; States taxes
interest accrued, $2,666; contributions in aid of con-*
$21,255;
$453;
$717;
struction,
$732,276;
1449.
earned
reserves,
159, p.
surplus,,
$219,656;:
total*
Marathon
Paper Mills
Co., Rothschild, Wis.—To Re¬
producers of protective packaging used primarily by
industry, has called for redemption July 1, 1944, all of its
6% preferred stock.
Everest, President, announced that the company has under
company
food
outstanding
D.
C.
consideration
the
Corp.,
Chicago
of
stock issue.—V.
ferred
and
creation
preferred stock.
value
par
issuance
of
new
a
issue
of
$5,000,000
Negotiations are underway with Lee Higfor the underwriting of the proposed pre¬
159, p.
Midland Valley
1148.
RR.—Earnings-
Net
ry.
1943
1944
from
from
$182,737
$125,153
$103,268
31,281
94,527
49,118
38,505
16,403
56,984
29,927
18,692
557,820
650,636
470,619
429,744
199,786
344,284
193.922
190,662
85,061
199,061
101,006
112,100
income.—
oper.
1941"
1942
$137,232
railway..—
railway™
From Jan. 1—
Gross
from
railwayNet from railway
ry.
—V.
income.—
oper,
159,
1865.
p.
■
.;X/'-,
1,315,480
791,594
income.—
oper.
21,251
taxes.
Assets—Property, plant and equipment, $2,501,073; cash
deposits in bank, $65,257; miscellaneous investments,
Net
Net
384,090
and
$863,595
424,996
356,185
1942
$499,488
—
tax.;
April—
649,016
473,688
-X
400,642
taxes™.-.
local
and
1943
$529,710
.
—
income
Non-operating
Net
$1,601,254
366,597
X
W %■';
,
—
expenses
for
1865.
612,191
598,800
■
revenue
Prov.
98,971
$1,618,064
oper.
Co.—Earnings—
12 Monts Ended Dec. 31—
1,741,100
railway......
1,371,476
—V.
of
—:™—
'
$2,080,566
598,282
1944
from
ry.
1943,
mechanical reasons it is not always
to arrange
companies in exact alphabetical
However, they are always as near alphabetical
position as possible.
ginson
1,787,159
.
10,
NOTE—For
the
1^41
1942
1943
$5,161,276
April—
$296,735
100,571
720,544
record June
Dec.
on
fund Present Preferred Stock Issue—
724,138
railway
Net ry. oper. income™
218,551
450,817
made
was
order.
be
1287.
p.
$3,580,120
—
income.—
oper.
from
Gross
(No. 2) of 25 cents per share
amount
possible
Gross
1864.
159. p.
1944
from
Gross
dividend
a
$2.91
Louisiana & Arkansas Ry.- -Earnings—
1941
2199.
2048.1
p.
$2,811,892.—V.
dividends)
♦Subject
Net
1942
159, p.
$1, payable Julyt 1 to holders of
par
distribution of like
accrued,
$6,376,228
(after
restricted, and to year-end audit.—V.
$539,596
2,042,210
415,348
income...
oper.
158,
common
•-
From Jan. 1—
railway
initial
X
$7,442,698
Net
From Jan. 1—
Net
—V.
Mar. 18, '43 Mar. 12,'42
after
;
profit
Federal
♦Deficit.—V.
$556,359
222,366
135,824
25.—V.
May
,
♦Company's share net profit after
99,619
from
capital stock,
An
Gross
-$14,738,551
share
♦Earnings for
177,808
169,482
Net ry,
the
15.
Liabilities—.7%
127,043
1944
announced on
The directors have declared
on
shares.
common
$680,776.
were
Mar. 16, '44
profit
oper.
depreciation
Federal
106,908
and
1944 and $93,260
:'XX'%X
divs. of subsidiaries™ $19,209,840 $19,632,511 $12,473,114
♦Company's
income—
15th
(The) Magna vox Co., Fort Wayne, Ind.—Div. No. 2—
Income
unfilled
1944,
-
share
Reserve for
Net
from railway—
Gross
Jr., President,
$23,315
t$0.12
325,801 common shares.
March '31,
preferred
Gross
trustee,
McGraw-Hill Publishing Co., Inc.—Official Resigns—
Loew's Inc.—Earnings—
645,363
$519,182
construction,
157, p. 2450,
1943
$39,929
V
%_
28 Weeks Ended
232,978
railway.—.
of
Mason Britton, a director of the company since it was formed and a,
since 1922, will retire on July 1, James H. McGraw.,
Net
540,926
Granting Annuities,,
Pa.—V. 157, p. 2450.
Philadelphia,
Prov, for
\
1944
share—
common
♦Before renegotiation but after taxes of
Gross
and
Lives
on
Sts.,
Prov.
Lincoln Park Industries,
1,105,565
from
aid
in
21,455,330.—V.
stock
common
51,402
-Earnings-
total,
$242,000 Bonds-
Insurances
Other
Assets—Plant, property and equipment (including intangibles), $20,744,940; investment and fund accounts, $570,453; cash in banks (on
$147,175
1864.
contributions
$393,743;
Bethlehem
*Consolidated
X
557,246
April—
Gross
surplus,
Vice-President
the
'
1,157,205
Lehigh & New England RR.-
Federal
Valley
South
organization
480,050
159. p.
for
approval of the proposed merger into one transit sytem of the
properties of the Transit Company, and those of its affiliated com¬
1,185,314
oper.
other
June 14 and Aug. 30, 1943.
The Pennsylvania P. U.
has approved both sales, and an application for approval
From Jan. 1—
railway
$4,106,292;
reserves,
earned
Calls
been made to the SEC.
■■■•{
••
X" :. • :,
!
.X ■
Applications have been made to the Pennsylvania P. U. Commission
railway——
from
Net
$374,792;
There
for
158,270
49,844
accrued,
held
Commission
$301,519
From Jan. 1—
taxes
of the
.
Long Island RR.—Earnings-
1942
$324,295
162,526
35,106
116,947
income.—
oper.
1943
1944
-7
7
income
a
"
Gross
$123,331;
$46,639;
This
Lehigh & Hudson River Ry.- —Earnings—
:
Federal
Chestnut
by
-.
30, 1944 at $105 per
cents per share.
The American
stock
accrued, $21,889; State taxes accrued, $11*,017; interest accrued,
other current and accrued liabilities, $4,783;
deferred credits,
accrued,
June
preferred
term
its
Co. of the properties of several affiliated com¬
reorganization of the capital structure of the Transit
Company.
X X ;X.X"X;
::x
.v. •• X-"'X ."'x ■ Xx,,-.'
The assets proposed to be sold to Pennsylvania Power & Light Co.,
consist of
the
Allentown
Steam
Electric
Generating Station
and
certain
related
electric
equipment, to be sold for $1,900,000,
and
15,469 shares of the preferred ($7) stock of the Power Company, to
be sold for $1,508,227
($97.50 per share), plus accumulated and un¬
paid dividends.
These prices were determined on the basis of an
appraisal of the electric property made by Day & Zimmermann, Inc.,
and an appraisal of the stock by Mr. Duncan R. Linsley, New York,
a
director and Vice-President of The First Boston Corp.
These sales
were
approved at special meetings of the stockholders of the Transit
„,XXX-XX:'\;X
v
retirement of 1,050 shares of pre¬
shares have been obtained by pur¬
150
..XX':
April—
.
taxes
$708;
Co.
cumulative
$4,362,063;
long
posits, $14,543;
;
Light
&
Credits—5% %
Other
common
stock (176,694 no par shares, $4,debt, $7,205,000; accounts payable, $77,27T;. divi¬
dends declared
(preferred stock, $57,990; matured interest, $117,909;
matured long term debt
(including premium of $225, $4,725; unpresented preferred stock called for redemption, $12,285; customers' de¬
266,406
256,559
share, plus accrued dividends of 31V2
Trust
/X X
•'
;
National Power
and
$100),
tion
panies;
Reserve
The
of
Pennsylvania
Reserve
252,409
191,004
*81,142
*150,933
1864.
.
p.
»
(R. G.) LeTourneau, Inc.—To Reduce Stock—
ferred
;
•
National Power & Light Co. filed with the SEC
plan of dissolution, expanding upon provisions
1943,
to
•/
Government
have been called for redemption as of July 1, next, $242,000
outstanding first mortgage 3',4% bonds, due 1966, at 104% and
interest.
Payment will be made at the office of the Pennsylvania Co.
to
/'.•>£' x £
$234,898
oper.
s
Dissolution
With
S.
to
Lehigh Valley Transit Co.
This amendment provides,
other things, for the sale of certain assets of the Transit
Power & Light Co.; the use of the proceeds to
retire all the 1st mortgage bonds of the Transit Co. and to purchase
some of its
refunding and improvement mortgage bonds; the acquisi¬
Co.
in
railway—.
railway
from
from
1943.
(par
417,350;
among
Ogden
2199.
p.
Lake Superior & Ishpeming RR.—Earnings—
Net
■
relating
Note—On
,
for
Connection
in
amendment
an
purchased;
substantially all of the
or
by increasing the
improvement fund from
revenues
gross
pany shall be natural gas instead of manufactured
the company shall pay to the trustee each
nance
Coach
$67,079;
special
Liabilities
*>*
Transportation Co. sold to Delaware
$11,300 two of its bus lines and four buses
Valley
has
to the extent thereof and the balance to capital surplus.
The amended plan further provides for modification of the indenture
with respect to the proposed new
all
cash on hand and demand deposits in banks,
deposits (cash), $157,174; temporary cash invest¬
securities,
$700,000;
accounts
receivable
(net), $279,739; interest and rents receivable, $3,500; materials and
supplies (at cost or average cost), $214,224; deferred debits, $547,786*
total, $21,455,330.
Pa., and nearby points in New Jersey.
acquisition by Lehigh Valley Transit Co. of the stock of Easton
Transit Co.
from National Power & Light Co. for $10,000 was com¬
also
surplus
that
1
$75,000),
ments—U,
.
plan
provides for the recording of the property
of the reorganized Laclede Gas at original cost as determined
by the
Missouri Public Service Commission, and for charging the excess cost
(estimated at approximately $17,000,000 at Dec. 31, 1943) to earned
event
of
$393,299;
operated between Easton,
On
proceeds necessary to discharge in full all liabilities of Laclede
Electric not assumed by Union Electric.
Such payment to Laclede
Gas is estimated to be $6,175,000 as of May 31, 1943;
Ogden
1943
1
Lehigh
1943,
Dec.,-
River
• ',
Ogden of $905,000
by
of such
(d)
In
pleted
cash;
(c) Payment to Laclede Gas of Laclede Electric's share of the cash
to Laclede Gas
Payment
matters.*
of
$2,000,000 principal amount collateral trust 6%
notes of Laclede Gas owned, by Ogden, after payment of accrued inter¬
(b)
in
and transfer of trucking rights of Lehigh
Valley Transportation Co. to an established local trucking concern
for $26,000 was consummated as of April 1, 1943.
As provided by the
agreement, rail transportation of freight by the Lehigh Valley Transit
Co.
continues, and the trucking concern operates the pick-up arid
delivery service and maintains the contacts with the public in freight
The
exchange for the following considerations:
Cancellation
est thereon, to
Transactions
of freight trucks
sale
The
2305
Minneapolis & St. Louis Ry. Co.—Initial Dividend—
Officers and Directors Elected—Subsidiary Merged—
#
Lehigh Valley RR.
Earnings
April—
Gross
from
Net
from
Net
,
1944
ry.
"
railway-
1942
1941
$8,539,932
$7,947,271
$6,099,029
2,531,622
3,092,149
2,143,764
$4,003,722
1,211,034
815,339
1,350,866
1,049,458
699,827
railway.
income...
oper.
The
1943
from
Net
ry.
—V.
Gross
from
ry.
railway.™
32,601,127
29,144,022
21,462,126
16,733,644
9,194,724
10,322,978
Gross
3,230,759
4,641,479
6,328,233
2,845,922
5,403,875
income.^.
3,235,145
Net
oper.
159,
1864.
p.
1944
from,
Net
railway.——..
from
Net
April—
Net
From Jan. 1—
Gross
Louisville & Nashville RR.—Earnings—
Net
from
ry.
6,198,968
70,031,029
p.
68,442,987
47,196,180
35,363,037
26,908.136
30.803,525
16,586.443
11,097,064
8,174,274
8,777,375
7,032,101
1,091,569
1975.
revenues
Statement, 12 Months Ended Dec. 31
—
Operating
expenses
—
Federal
Other
income
taxes
Net
Rent
.....
reserve
for
lease
income
Operating
Other
income
'
230,281
appropriations
operating
revenues
of plant
——
438,524 '
$730,845
—_—
—
™_—
2,059,979
377,416
....
•_—
—
Property retirement
$3,501,170
2,515,597
taxes.™.
1
1942
$4,292,663
——
:
173,000
""
204,948
364,607
$698,636
10,470
—
$730,845
$688,166
114,552
——
(net)————_———
110,920
Operating
Federal
and
of
income
Federal
and
Net
Other
taxes
income
...
....
taxes:
371,278
72,486
74,895
153,765
$892,777
12,765
(net)
172,132
$873,109
revenues
Interest
income
on
long term
Amortization
Net
•
income
$845,397.
—
of
debt
debt.:
;
expense...
:
349,048
$799,085
Net
$892,764
278,667
!
income
Balance
356,815
5,288
4
5,832
$491,061
$436,439
Assets—Utility
283,279
—
$607,207
$609,485
Sheet, Dec. 31, 1943
following
officers
were
elected:
L.
C„
M. E. Eaton, Executive Assistant;
Comptroller;
Knoble, Treasurer. Mr. O'Brien is a member of the firm
& Colpitts of New York.
At the annual meeting held on May 25, Mr. Sprague made a general
and
shareholders
A
to
prospects.
assets of
feated
a
in
municipal
customers
not
currently
receivable
(less
the parent
the election
eletced
Directors
was approved.
The meeting de¬
stockholder providing for cumulative
company
proposal submitted by
a
of directors.
at
annual
the
meeting
included
A.
W.
Benkert,
J.
M. i Chilton,
John Ross Delafield, Jesse E. Waid, B. C. Gamble,
Max1 A. Lehman, Clarence E. Hill and Mr. Sprague. The other three
board members are named by the trustees of the general mortgage
bonds.-
Earnings
Gross
from
ry.
railway
railway.
income...
oper.
From Jan. 1—
from
physical
Net
from
Net
ry,
—V.
for
April
1944
from
Net
amounts
reserve
present on the company's position and its
proposal to merge the property, franchises
& St. Louis RR. Corp., a wholly owned
the Minneapolis
into
subsidiary,
voting
Gross
plant,
$19,058,303;
investment
in
other
sinking and maintenance funds, $1,085;
$33,141;
due
from
the
C.
Drl3
$885,874
deductions
property,
„
$2
to
15.
meeting
G. A. Anderson,
W.
Net
Gross
June
April-
income
Gross
1942
$3,269,479
1,758,397
368,250
deductions
taxes
local
operating
Income
1943
$3,365,523
1,897,913
,
revenues
State
declared an initial special dividend of
value common stock, payable July 1
26
par
Coverdale
report
County Gas & Electric Corp.—Earnings—
revenue
Other
same
May
no
.
12 Months Ended Dec. 31—
Operating
on
the
record
the
post-war
Luzerne
1943
Operating
At
of
retary;
Lehigh Valley Transit Co. (& Subs.)—EarningsConsolidated Income
oh
Sprague, President; C. W. Wright, Vice-President and General Counsel;
J. W. Devins, Vice-President and General Manager; H. W. Ward, VicePresident and Traffic Manager; J. J. O'Brien, Vice-President and Sec¬
6,951,117
income
oper.
5,928,849
1,552,707
"X.
railway
159,
1,978,771
1,854,498
'
railway
holders
$7,688,590
8,494,560
2,355,913
income...
oper.
From Jan. 1—
—V.
1941
railway.™ $16,899,840 $17,964,510 $13,700,367
railway.—
from
-.1942
1943
directors
share
per
railway
railway
income
oper.
159, p.
1865.
and
Year
1949
to
.Date
1942
1941
$1,148,859
$1,235,797
$982,261
$777,900
277,237
413,982
208,086
118.175
187,759
292,104
122,479
30,308
4,835,642
4,238,656
1 3,065,211
1,282,771
1.700.231
1,320,129
583,617
628,732
1,299,001
953,670
259,622
1
4,847,082
Central Ry.)
(Including Wisconsin
1944
1943
1942
1941
$4,648,584
1,661,256
1,335,824
$3,812,881
$3,134,276
691,707
from
Net
from
Net
ry.
railway—
railway—
income
oper.
1,258,210
;
316,884
13,770,751
3,404,435
1,990^500
9,215,372
Net
Gross
Net
from
from
Net
ry.
—V.
17,010,904
railway-
4,871,963
railway-
3,462,912
income—
oper.
159. p.
Gross
515,982
ry.
Operating
expenses-
105,587
taxes
taxes
Other
$671,254
167,958
106,169
75,898
$681,183
188,069
revenues-
Operating
Federal
1944—12 Mos.—1943
$9,224,525
$9,493,119
2,304,970
2,722,441
1,796,635
1,638,518
918,127
935,435
1944—Month—1943
73,403
—
ferred
National Airlines,
revenue
523,157
478,872
267,959
be
7,557,170
1,680,716
936,584
6,056,859
appropriation
———
Amort,
of limited-term
investments
:
A
,
62,500
578
574
AAA-
——
.
750,000
750,000
62,500
6,901 !A'A
Net
1,733,546
$1,009,287
701,669
Net
$251,046
$258,155
income
.
593
8,075
$258,748
$3,455,9*67
133,483
127,139
1,563,931
$118,629
$131,609
applic. to pfd. stocks for period——
$1,892,036
4
986,994
989,548
Net
Dividends
—V.
—_
1975.,
159, p.
■''Loss-
A"'..'. A.AAA -A-
..
.
Net
railway......
from
81,665
Net ry.
income.—
33,972
29,291
oper.
From Jan. 1—
1865.
159,
P.
396,101
144,948
85,591
436,128
136,187
88,422
238,890'
118,798
133,777
income
—V.
■
581,429 :\,Y
292,701
from railway——
Net
Net ry. oper.
Broadway, New York, N. Y.,
appointed agent of Electric Power & Light Corp. to receive
tenders of shares of $6 preferred stock of Mississippi Power, & Light
Co. at $100 per share plus dividend adjustment.
Offer to purchase
terminates July 13, 1944.—V. 159, p. 2085.
A-;
'A-': 'V ...v.."
Bank &
Chemical
Trust Co.,
from
Gross
Net
ry.
1942
$112,494
16,372
62,474
30,190
19,088
income.—
*4,225
27,007
13,384
3,428
oper,
From Jan. 1—
AAA'AAA
Gross from railway....
771,845
Net from railway
~
188,247
Net ry. oper. income:
53,130 ).!<
504,273
109,067'
444,271
205,918
73,626
39,884
39,296
100,497
Other
share
and
upon
subsequent
payable
Net
payable,
Securities
AAA'A'AA'A"A!
tax.
$6.97
1944, against $6.65
30,
April
on
a
Missouri Illinois RR.—Earnings—
of
fiscal
1943
1942
Net
from
Net
railway—..
$253,085
$198,973
120,716
56,905
87,740
907,938
414,380
766,651
/145,336
22,243
income.—
oper.
ry.
89,394
railway
56,882
Sales
Net
from
from
Net
railway
159, p.
—
income...
1,037,559
•>. : 495,459
366,657
199,055
The
■;
-
A a;'.';A;: ; a- '"a-
Federal
Other
•
Net
ry.
railway....
railway
from
June
741,752
railway.
25,110,607
25,767,493
14,911,797
9,808,599
7,525,937
7,818,981
4,556,090
3,077,028
2,459,700
922,833
from
Gross
1943
'
Net
4,920,267
7,464,554
3,797,727
3,721,895
ry.
from
from
Net
ry.
—V.
income
preferred
6%
on
common
from
Operating
revenues
Net
ry.
Operating
expenses
427,288
11,163,826
15,681,397
10,889,091
5,741,874
Federal
taxes
Amort,
1942
$572,019
$565,074
$628-,359
$73,294
315,935
319,052
358,990
*22,798
127,288
77,318
143,554
2,354,356
2,321,386
Net
1,356,145
Operating
460,551
493,172
370,229
Net
389,438
Gross
Net
$1,759,158 $21,916,742 $20,987,425
applic.
159,
Balance
property,
5,756,833
5,106,724
Net
1,825,063
$1,463,034;
170,241
2,055,616
2,113,991
$510,510
$6,652,976
$6,184,814
4,811
10,260
127,837
109,441
(net)
$542,239
202,412
—
$520,770
,
$339,827
stock
for
$6,780,813
$6,294,255
204,403
2,470,796
2.747,461
$4,310,017
$3,546,794
957,534
$316,367
period
railway
railway
oper.
1941
1942
$425,227
$225,180
$243,691
$15,584
85,543
91,953
114,727
*64,512
income
65,944
65,798
82,591
*22,346
944,213
924,585
773,825
529,993
295,667
railway™_
Ne£
ry.
oper,
income_j_
159,
366,622
265,651
143,717
226,746
250,912
218,139
The
stockholders
Boston
corporation.
&
on
A
222,106
129,370
1,529,170
712,610
382,830
1942
1941
,
$481,151
268,915
$702,537
$931,646
$269,861
130,788
646,635
144,275
254,039
137,850
3,998,668
2,858,719
1,792,530
A 1,971,569
971,946
2.644,769
1,145,749
391,765
1,258,677
income—
440,275
263,222
railway-
628,222
1,098,921
400,421
"
from
ry.
railway
railway.
income—
1867. ;; A
oper.
p.
Central RR.—Earnings—
York
New
•AAA
All Leased
(Including
.
End.' April
A;:.AA».- A,.
Lines)
A A
1944—Month—1943
1944—4 Mos.—1943$
$
$
■.''$,
58,796,738 232,991,702 221,831,371
Railway oper. revenues-;
56,230,960
6,529,160
32,423,930
24,962,233
Maint. of wgy & struc. >A 8,226,202
Maint. of equipment™
9,370,339
42,661,656
36,562,814
10,238,142
Traffic „1
1
A
631,018" 2,759,428
710,877
2,507,540
30—
„
.
.
.
Transportation, rail
21,090,245
•
—
17,997,823
86,779,496
2,161,499
1,868,799
9,059,791
7,469,150
13,803,995
—
expenses
72,789,073
22,399,597
59,307,401
77,540,561
13,280,105
1,557,926
31,829,737
7,023,673
7,561,566
20,453,991
.,
Net
fr.
rev.
ry.
oper.
7,099,204
..1,688,454
$211,127
r
$2,727,978
$^,830,411
90,891
A. 1,080,462
Al,050,879
$120,238
$1,647,516 : $1,779,532
499,100
499,100
A
$40,680,582;
investments,
capital
total, $44,654,021.
•
reacquired
Net
ry.
Other
income
Total
5,016,337
available
fixed
Total
1,547,641 "
6,745,571
6,244,352
9,109,207
122,442
27,199,562
37,000,072
970,450
476,309
8,986,765
26,229,112
36,523,763
3,858,208
14,601,262
15,293,787
345,612
for
charges _—6,329,835
charges.™
3,670,166
fixed
,Net income aft. fixed
charges
*Incl.
Fed.
income
2,659,669
—V;
11,627,850
21,229,976
9,251,400
15,029,176
26,195,120
!
p." 2235.
159,
5,128,557
2,916,716
&
profits taxes
excess
Gas & Electric
New York, Chicago & St. Louis RR.-
output
of 390,285 kwh., or 3.28%
the corresponding week' a
year ago.
.
A.
week is reported at 115,060,000 cubic
feet, an increase of 4,531,000 cubic feet, or 4.10% above production
of 110,529,000 cubic feet in the corresponding week a year ago.—
V, 159, p. 2234.
A
Gas
output
for
the
May
26
The
ICC
May 17 authorized the company to assume obligation
liability, as guarantor, in respect of not exceeding $1,800,000
.serial equipment-trust certificates to be issued by the Pennsyl¬
vania Co. for insurances on lives and granting annuities, as trustee;''
on
and
1%%
sold
and
at
99.777
and
of-certain
accrued
dividends
equipment.—V.
New York Connecting RR.-
Net
from
"Net
from
ry.
in
connection
p.
all
acceptance is
Commerce Commission.
The
of outstanding capital stock.
property and franchises of their
subject to approval by the Interstate
sum
An
the
offered is
entire
equivalent to $110 a share
slate
of
Boston
&
Maine RR.
with
the
58,893,182
Association—Output Up 3.60%—
railway
-Earnings—
railway.
oper.
income...
1943
1942
1941
-$236,859
$234,123
$313,329
$346,826
111,247
75,451
210,225
255,144
from
107,868
76,781
204,382
229,614
for
ended May 27, 1944, as 61,015,035; compared
the week ended May 29, 1943, an increase of
a
p.
"■
1,019,585
700,764
712,877
1,398,897
1,067,528
1,014,416
railway.
913,667
865,449
railway...
414,894
550,943
351,133
'
—V.
oper.
159,
p.
income™ !,
1867.
449,951
New York, New Haven &
ment
on
Hartford RR.—Interest Pay¬
Certain Bonds and Debentures—
'
Comparable figure for the week ended May 20, 1944, ,?was 59,326,353,
decrease of 2,24% over the corresponding week last year.—V. 159,
2234.
from
ry.
available for its
reports number of kilowatt hours
week
3.60%.
the
From Jan. 1—
Gross
Net
Association
with
2087.
159,
1944
April—- '
Gross
Net
territory for
-Equipment-Trust
Certificates—
Association—Output—
kwh.
This is an increase
production of 11,895,198 kwh. for
12,285,483
above
New England Power
for
5,246,209
30,755,720
1,659,110
——
Misc. deduc. from inc.—
Income
41,538,632
.
6,675,447
'
-
income
-
cumulative preferred stock ($100 par), , $5,200,000;
preferred stock ($100 par), $2,300,000; common stock
(1,000,000 shares, no par), $5,000,000; long-term debt, $20,000,000; ac¬
counts payable, $138,570; matured interest (cash in special deposits),
$4,041; customers' deposits, $151,147; taxes accrued, $1,181,732; interest
accrued, $176,025; other current and accrued. liabilities, $70,570; de¬
ferred credits, $35,333;
reserves,
$5,587,161; contributions in aid of
construction, $23,365; consignments (contra), $9,068; capital surplus,
$10,122; earned surplus, $4,766,887; total, $44,654,021,—V. 159, p. 2011.
'of
income
oper.
:
cumulative
The
Approved—
May 31 voted to accept an offer of $880,000 by
RR.
$437,562
Ry.^-Earnings1943
1944
railway'——
oper.
from
Liabilities—7%
1
p.
Maine
The
v.
596,857
*RaiLway tax accruals—
168,450
Nashua & Lowell RR. Corp.—Sale
the
1,602,855
563,444
;
from railway—
Net
^Deficit.—V,
2,609,200
353,631
Income.
Equip. & jt. facil. rents
'For the week ended May 26 this Association reports electric
1943
1944
from
1,775,838
procurement
from
ry.
'
■\i
957,534
From Jan. 1—
Gross
2,963,939
X
receivable. $761,334; .materials and
$134,521; other current and accrued
1,681,605
Montour RR.—Earnings—
from
4,584,108
268
.
supplies, . $670,685; prepayments,
assets, $51,2.42; deferred debits,
stock, $47,700; consignment (contra),
A
A
A;A' A' • /
6,130,639
5,395,906
AprilNet
4,217,478
railway.—
$2,830,143
.
.
equipment,
and
161,902
New England
Gross
$973,911
9,457
Sheet, Dec. 31, 1943
451,054
171,568
for pfd.
ry,
Period
cash in banks (on demand), $487,812.;.special deposits, $4,041;
working funds, $5,500; U. S. Government securities, $335,000; accounts
1976.
p.
9,902
for period——;
to pfd. stocks
applic.
465,451
$537,428
income
Divs.
—V.
278,429
A
from
900,000
$3,500;
$9,069;
-
charges
$140,330
income
146,764
income
Interest
90,527
457,071
revenues-
income
585,769
232,010
railway
—V, 159,
$9,947,783
4,341,549
104,261 A!-, 979,847 " 1,152,185
949,651
884,449
79,536
730,000 A
730,000
60,800
$211,007-^ $2,724,631
.120
3,347
$230,857
™
Assets—Plant,
1944—12 Mos.—1943
6%
Other
689,219
94,482
from
Net
A,
402
531,851
—
oper.
i—*
A
(& Subs.)—Earnings-
$1,844,682
——
appropriation
-
$230,455
A
charges
1
Prop, retire. & depl. res.
•Net
1941*
1942
459,673
oper.
Net
5,384,187
760
;
revenues-
income
Dividends
1944—Month—1943
expenses-
taxes
taxes
.
.
803,768
Montana Power Co.
Federal
oper.
Interest
1,410.395
1,330,968
Period End. Apr. 30—
Other
1943
159, p. 1767..
Other
„™__
Other income
159, p. 1866.
™
A 60,800
res. approp.
limited-term
of
Gross
2,280,090
1,221,255
revenues
RR.—Earnings—
*80,424
■7-f
Operating
ry.
Gross
363,7-34
135,366
-
1941
1943
income
'Deficit.—V.
in
From Jan. 1—-
1944—12 Mos.—1943
790
79,794
investments
900,000
.
358,836
104,854
„„-
Other taxes
income...
oper.
and
1943, paid
income.
from
Net
$815,230 $10,778,218
$903,951
9,281,162
railway-
last,
1867.
railway-
Net
$1,539,609
:
135,366
1944—Month—1943
Period End. Apr. 30—
32,281,764
railway
31,
$1,131,174
_
New Orleans Texas & Mexico
12 Months Ended April, 80
15,423,802
railway.—
from
and
44,812,276
From Jan. 1—
Gross
Net
dividend of 15 cents
to holders of record
March
on
$1,057,397
April—
1,038,963
363,734
—
—
34,795,3 22
railway——
made
was
In addition, the company on Dec. 20,
railway-
from
Gross
$2,578,572
'
; 1,079,721
,
stock—
71,828,409
oper.
quarterly
a
payable June 30
distribution
1943.
oper.
Net
1,325
-
$1,626,861
stock
stock
76,129,272
1944
from
Quarterly Payment—
declared
stock,
1944
ry.
—V.
$2,577,247
1,883
$2,706,582
„
—
—
<7%)
preferred
32,260,45 1
April—
from
(net)
;
on
Prop! retir.
ry.
.1
deductions
other
Earnings For Month
Monongahela Ry.- -EarningsGross
23
From Jan. 1—
730,000
9,437
$2,704,698
—
income—.
oper.
Net
investments-
...
railway——
railway
and
•
1,229,162
864,408
.
Dividends
159, p. 1976.
Net
revenues
on
From Jan. 1—
Net
reserve
limited-term
income
and
1,316,902
Net
railway—..
oper. income
May
common
similar
from
from
2.213,874
7,587,017
Gross
of
Dividends
$8,106,197
9,271,376
from
]
dividends
income -and
year-end dividend of 40 cents per share.—V, 159, p.
Net
730,000
10,021
appropriations-—
retirement
Dividends
1941
1942
$18,635,658 $18,723,922 $12,538,759
railway™.
Net
,
demand
Credits—Capital
current
on
the
on
A
Net
1942
988,493
_i
income
Gross
Earnings— aa A.
1944
April—
and
Other
and
-
$159,420;
15.
Gross
948,329
taxes—™:
operating
Other
Interest
Missouri Pacific RR,
•
t
Debits—Utility
hand
on
$6,875,000;
Net
2,336,241
2,819,301
1866.
p.
AAA,: AA"'-
Balance Sheet, Dec. 31, 1913
'
Other
cash
directors
Gross
•
1943
A
taxes
Net
1—
oper.
159,
'
-
and
New Orleans & Northeastern
'AAA: -AaA-
201,447
income™
7,539
$432,826
•
A-
credit of $1,450.
April—
$10,419,969. $9,724,417
5,038,426 ' 4,314,161
excluding direct taxes—
~ '
revenues
Amortization
566,263
railway
income
from
ry.
.
income
Property
$2,551,987
1,369,280
Jan.
Net
$4,303,632
$6,259,865
1,388,587
402,147
from
Net
1941
1942
1943
$6,452,671
1,632,207
348,579
oper.
From
Gross
—V.
1944
from
■
Operating expenses,
Earnings—
A;,
share
per
857, com¬
storey in operation at May 20, 1944, was
year" before.—V. 159, p. 2011.
12 Months Ended Dec. 31—
Operating
April—
Net
k\
"
6,878
$448,932
;
•
:f190,673
154,577
130,833
;
V
4,890
$440,365
Improvement-
A
A:;.*;.; A AAAA A::AAAAA
Nebraska Power Co.—Earnings—
•A,AA;
1866.
Missouri-Kansas-Texas RR.Gross
of
pared with 907 a
1,007,892
405,782
railway
oper.
ry.
—V.
number
The
42,077
From Jan.-1—
Gross
„_
2,876
$455,810
New Idea, Inc.—15-Cent
low-
1944—4 Wks.—1943
1944—20 Wks.—1943
$7,786,123
$7,229,567 $37,630,401 $35,567,570
Period End. May 20—
$435,475
1
i
...
each quarter in
1941
$281,979
'
from
3,828
$452,934
■
...
follows:
year ago;
878.
National Tea Co.—Sales Show
1944
$238,863
April—
$431,647
3,839
stock
(par
$25),
275,000
accrued liabilities, $40,588; accounts
declared,
$551;
customers'
deposits,
Federal
excess profits • taxes,
$273,457; other
Federal taxes. $11,057; State and local taxes, $222,148; interest accrued,
$10,656; other current and accrued liability, $3,750; deferred credits,
$9,443;
reserves,
$2,255,144;
contributions in
aid of construction,
$249,869; earned surplus, $575,882; total, $10,788,572.—V, 150, p. 4133.
bond series, $6.66 against $5.87; preferred stock series, $6.75
against $6.49; income series, $4.49 against $4.22; low-priced common
stock series, $2.87 against $2.97, and International series, $14.41 against
p.
$449,095
provision is considered necessary for Federal excess profits:
■■■■;<A A':, A.
A ;AA.'A'AaAA' -y-'.-A?. 'A,','A"; 'AA'A.'
Liabilities
shares,
priced
159,
223,548
utility plant leased to others..
post-war
..
payable,
$101,607;
96%.
year-end, compared with $5,012,896 a year ago, an increase of
Per share net asset values of the respective series were as
series,
220,984
—A.
revenues
734061
14,378
.....
.
plant, $9,865,723;
investments,
deposits in banks, $216,935;'
special deposits, $14,612; temporary cash investments (U. S. Govern¬
ment
tax
savings
notes,
at
cost),
$100,000;
accounts
receivable,
$245,650; interest and rent receivable, $1,070;' materials. and supplies,'
$203,260; deferred debits, $31,933; total, $10,788,572.
Y 1 ?'
a
Gross
of
■:
140
";.A,
assets
the
1944,
April 30,
on
net
total
reports
$9,802,026
!_
income
*Net
Assets
Corp.—Net
Research
President,
of
Series
Securities
&
Jr.,
Simonson,
J.
Henry
National
*13,049
:
—
deductions
Note—No
;
.
Guaranty -Trust Co.,
the
to
120,000
245,894
■
Corp.—Final Distribution—
attached,
coupons
120,000
247,121
taxes..!
(net)...
91,846
104,123
——
taxes
income
.
1,813,862'
& replacements
taxes
income
Income
1942
$2,939,903
■
income
Gross
agreement dated Aug. 1,-1930, creating New York Bank
holders now obtain the final distribution of $3.125805 a
surrender of their certificates with the Aug. 15, 1944,
an
$13.48.—V.
^Deficit.—y. 159, p. 1865.
Utility
Federal
accrued
$19,653; common stock ($1 par),
earned surplus $321,630; total,
Broadway, New York, N. Y.—V. 158, p. 2049.
Bond
770,907
;
renewals
profits
local
from
1943
$3,125,029
1..956,279
—
_
operating
Income
Assets
National Distributors
Under
1941.
$132,829
v
Net
:
Trust Shares,
National
1943
$215,484
1944
$157,495
.
-
A
A,
2234.
p.
'
taxes.™—.
excess
$109,389;
165
railway..——
from
Net
railway
1944
Co.—Earnings—
Light
„_
deprec.,
Federal
and
State
A:; .[;■>
l■•!
for
income
Federal
and special deposits,
;
-
deferred credits,
surplus,' $170,707;
$1,266,901.—V, 159,
Missouri & Arkansas Ry.—-EarningsApril—
./
$20,491
capital
$270,000;
A'A'aA^Y '
been
;
liabilities,
Mississippi Power & Light Co.—Offer For Stock—
The
has
Federal
$195,085
.
Liabilities—Accounts
*
-
749,855
railway
from
Gross
' •
•
1
V
*$10,452
AA' .A;
■
■
payable (normal), $105,409; accounts
(U. S. mail pay adjustment), $149,837; airline traffic accounts
$100,702; accrued salaries and wages, $69,048; provision for
income
taxes, $26,037;
other accrued taxes, $13,337; other
$1,266,901.
$98,105
32,187
19,016
$113,382
32,175
22,064
$148,944
59,585
-
1941-
1942
1943
1944
$191,241
railway
from
:"A;i
Sheet, March 31,
share
expenses
Provision
$3,678;
receivable,- $185,233; airline
traffic accounts receivable, $85,544; net balance receivable from agents,
$37; interest receivable, $61; materials and supplies. $47,616:
motor
fuel inventory,
$1,838; lubricating oils inventory, $331; investments,
$621; fixed assets (net), $540,107; deferred charges, $11,478; . total,
Y:-V
April—
9,000
Assets—Cash, $385,343; working funds
short term securities, $5,014; accounts
Mississippi Central RR.—Earnings—
Gross
revenues
Operating
$8,979 A $326,625
A '■-A. 1,540
8,431
130,000
11,000
$13,926
*$32,877
profit
Balance
income
Net
Y A
Cr4.000
for income tax
Prov.
$1,834,260
charges—.
Interest
Deducts, from gross inc.
$3,447,666
1,613,406
income
Gross
25,646
Other
$252,118
:
$22,926
Operating
Maintenance.—
$3,439,854
7,812
$3,447,892
A-/AY .1,072
revs.-.,
oper.
Other
*$29,900
6,977
——_!—"
income
31 on the following
May
on
per
Gas
Haven
New
$307,618
19,007
*$16,667
*
share
per
$l.31,A
12 Months Ended Dec. 31—
6,871
Gross
A
*$43,923
14,024
income—
Non-oper. income
oper.
A" $20,301
2,626
record
of
the prior lien preferred stock, $6 dividend
on the prior lien preferred stock, $7
dividend series. '' The company'on March 15, last and in each, quarter
during 1943 paid a dividend of 75 cents per share on the $6 pripr
preferred stock and a dividend of 87'/a cents per share on the $7
prior preferred stock.
Accruals, after giving effect to-the current,
payments, will amount to $59.12 Va per share, on the $6 stock and to
$68.68% per share on the $7 stock.—V. 159, p. 1695.
N
'
Prop, retirement reserve
stockholders
to
June. 14
and
series;
1,000,616
$111,823 $1,271,380
91,5221 1,288,046
mailed
basis; $1.12 Va
1944—9 Mos.—1943
1944—Month—1943
expenses
the prior lien pre¬
quarterly dividend
297,540
$153,513
197,437
....
May 25 declared a dividend on
to three-quarters of a full
equal
payable on June 15 to holders of record May 31,
This dividend is
applicable to the quarter ended Sept. 15, 1934, being the first quarter,,
for
which
dividends are in
arrears.
Checks for the dividend will
$1,610,769
Inc.—Earnings—
Period End. Mar. 31—
Operating
Operating
stocks
on
13,017,245
5,146,203
2,319,371
14,106,084
3,879,744
' 1,921,282
_
income—
oper.
.
1941
1942
The'directors
$2,038,502
159, p. 2086.
Light Co.—Earnings—
&
Power
Minnesota
Period End. April 30—
railway
railway...
from
Net
—V.
A
.«
from
Net
1975,.
-
Pay'Three'-*-
Co.—To
Service
Public
England
Quarters of Regular Quarterly Dividend Rate—
$3,286,310
1,249,664
245,368
,
oper.
From Jan. 1—
1,680,823
2,701,468
1,338,128
ry.
railway.-—$3,364,322
railway™.—
910,460
income—
421,860
from
Net
'
1943
1944
from
Gross
332,724
11,343,122
v<.
St. Louis Ry.- -Earnings—*
Nashville Chattanooga &
From Jan. 1—
New
directors.—V, 159,
board of
new
.w
'■April—
667,453
837,076
the
to
elected
was
2234.
p.
$2,723,219
April—
Gross
representatives
Marie Ry.—Earnings
Minneapolis St. Paul & Sault Ste.
Monday, June 5, 1944
& FINANCIAL CHRONICLE
THE COMMERCIAL
2306
E.
L. Bartholomew. Treasurer,
of the
U.
S.
announces
that pursuant to authority
Connecticut, funds will
District Court for the District of
be available on and after June
10, 1944, at Irving Trust Co., One Wall
Volume 159.
THE COMMERCIAL & FINANCIAL CHRONICLE
Number {4287
St., New York City,., for .'the payment of interest for the periods
tipon the issues shown below: •, •„
v.
••
■
'
-
Dates of Coupons
..
.
Federal
taxes—
income
12,184,043-
7,294,056
5,707,574
6,013,769
taxes-——.
'
'
t
*N.
Y. N.
H.
H.
&
3Mis, April 1,
(tax free)---July
Net
taxes.
Net
Other
40.00
RR.—•
1,130,263
}3,818,118-
approp.—
1,579,594
639,427
542,169
-J„—
22,356,549
22,088,992
829,365
760,407
-I-————
23,185,915
debt——
9,191,800
142,965
34,009
178,320
90,213
22,849,399
9,392,083
-
income
Interest
Other
long-term
on
interest
Interest
charges
charged to
(Cr)
construction
.
Amor.tiz. on debt discount & expense
$32.50
payment on principal of——
a
Amortiz.
of
premium
*Scrip certificates must be forwarded direct to Treasurer, 71 Meadow.
St., New Haven 6, Conn. ' ■
■
-•
;
Coupons must be collected through regular banking channels,
Checksfor payments of interest on fully. registered bonds will be mailed to
Miscellaneous
holders of record May 29, 1944.
Divs.
for
on
Net
■!
159, p. 2235.
stamping of payments when collected.—V.
786
1941
k
75,087
44,624
1,900,745
1,827,431
1,293,468
308,201
394,145
135,556
*50,879
ry.
income—
110,960
197,322
*15,939
*194,677
*
61,234-
217,305
180,519
pfd. stocks of subsid.
182;353
90,213
income
Reserv.
of
265,443
265,443
13,087,731
16,469,170'
7,356,796
7,356,798
7,356,800
93,790'
in.
since
1768.
Yeast
Chicago
Co.,
.v"; ^
V
of the company,
the
5,730,933
Changes in Per¬
—
V
'
'
.
has
company,
;
allocating new duties to present
been
480,000
400,000
_—
4,771,115
5,250,933
$0.24
$0.29
other
Hill
B.
changes are:
Jr.,
superintendent
-former
and
general
He has been'
generation of
assistant
manager, was named President and general manager.
with Northwestern Yeast since 1933, and is the third
his family to serve Northwestern,
9,112,369
1,308,000
The
1895.
Charles
*
6,079,115
subsid.
by a
'
957,807
-
"
co.
.
net
159, p.
of
*41,430
■
■
officials
55,638
'
approved by the board of
directors; it was announced May 29 by Grant Ridgeway, Chairman of
the board and Treasurer.- The moves, he raid, were made in line with
the company's policy of expansion and development of new products.
The new positions and duties approved by the board include those
of Mr,
Ridgeway, formerly - President.
He has been with the firm
90,213
265,444
1
V.
reorganization
key
114,582
;
cos,
A
183,681
95,698
r
oper.
Deficit.
sonnel—
9,679,824
"
'
■
Northwestern
26,477,922
116,557
-
from
757,627'
13,435,910
from income
income—
oper.
From Jan. 1—
Gross
registered and bearer form'must, be presented to Irving
both
Trust Co.
(Cr)
Balance
;
^
debt
on
deductions—. '
income
Other deductions
,
-•Bonds
$250,055
93,654
1942
railway
from-railway-—
25,720,295
——
res.
,—
.
35.00
;/."
"
.';!and
ry,
683,097
14,181,258
diversion
income
Gross
1,1942
1,1941 and Apr
N. Y. N. H. & H. RR.r-;V
V, ./_' •':./
6s, April l, 1940—Two semi-annual instalments of interest
due Oct. 1, 1943, and April 1, 1944, amounting to $57.58
$381,921
86,537
Net
1,229,845
14,646,744
——
———
Operating income
•
1954 (tax free)—Oct
1943
.$460,635
118,727
1944
railway
railway
from
RR.—Earnings—
$476,962
'
from
Net
Other
Emergency
40.00
1, 1942
April—
.
40.00
1954
Northwestern Pacific
f.
Gross
619~293
654,857
.
output of this company for the week ended May 27. 1944,
40,979,000 kwh.,. as compared with 38,755,000 kwh, for the
corresponding week last year, an increase of 5.7%.—V. 159, p. 2235.
V
12,893,260
.-.
(Del.)—Weekly Output—
Electric
totaled
6,562,261
6,166,100
678,314
York State water, charges——
New
35.00
40.00
4s, July 1,
4s. Jan. 1,
■,f
.
12,604,096
—
profits .taxes———_
excess
Canadian
40.00
'
1, 1942
1, 1942
"
——____——
___
income
Federal
60.00
1, 1942
—
Depreciation
40.00
1,1941 and Jan
.
Maintenance
35.00
1955 (tax free)——July,; 1/-1941 and Jan
4s, Jan. 1, 1956 (tax free)——July 1,1941 and Jan
4s, April l, 1955 (tax free)—Oct
1,1941 and Apr
;
$
117,735,041 110,823,446 103,194,475
43,183,973
39,409,511
37,298,553
8,727,563
6,824,247
6,275,139
;—
Operation-/d_LL————
45.00
40.06
,
Consolidated Ry.—
.
Operating" revenues, J::—-——
bond
;' • J'
To Be Paid
1, 1941
4yas, 1st & ref.( Dec. 1, 1967-LJun
1,1941 and Dec
1, 1941
4s, April 1, 1956—J
—May 1, 1941 and Nov
1, 1942
4s, July 1, 1955———'-——July
1,1941 and Jan
3VaS, Jan. 1, 1956 (tax free)—July
1, 1941 and Jan . 1, 1942
6s, Jan. 15, 1948———
July 15, 1941 and Jan. 15, 1942
4s, March 1, 1947———Sep
1, 1941 and Mar 1,1942
3 V2 s, March
l, 1947————Sept
1,1941 and Mar 1,1942
1941
$
$
Northern States Power Co.
*
1942
■
$1,000.
N. Y. N. H. & H. RR.—
■*"<
•
1943
Amt. per,
.
for Calendar Years
Consolidated Income Accounts
and
.
'
:
•
2307
Thomas R.
Hair,- formerly Vice-President and Treasurer, is now
Secretary,
He has been-with the firm since 1901.
•
-•
;
: Herbert B. Taylor,-with the firm since 1910, and formerly sales and
advertising manager, will retain control of sales promotion and ad¬
vertising, and will also be in charge of development of new products.
Quentin D, Pierce, assistant sales manager for two years, has beenmade general sales manager, and Victor W. Nelson, with Northwestern
since 1895. will retire on June 1, after serving as
Comptroller and
Secretary.—V. 157, p. 966,
.- j...
'
New York Ontario & Western Ry.— Earnings1943
Gross
from
$715,078
Net
from
Net
ry,
railway-
$639,717
Earnings
;
earned
to
per
surplus
share
common
*22,919
78,182
160,204
83,347
2,486,351
2,228,795
118,009
191,991
265,454
1,760,995
41,148
*213,592
incomes
159, p. 2235.
*62,670
*5,378
*259,415
Consolidated
.
Balance
-
$0.65
Sheet, Dec. 31
*91,896
2,944,852
\
.
*6,669
31,351
income
8,712.369
•;
$422,243
$684,931
*119,089
railway——
oper.
Balance
-
1941
1942
1944
April—
1943
1942
•
*
*
Assets
From Jan. 1—
Gross
from
Net
from
Net
ry.
railway—
railway——
$
Fixed
capital
Capital
stock
$
556,587,294 570,248,625
186,262
181,080
______
expense
.
oper.
V.
^Deficit.
Investment
Cash
U.
S.
f New York and Richmond Gas Co.—Earnings—
Period End. April 30—
-
for
.
depreciation
f
Net income
—V. 159, p. 2011.
-l/V'"•••;< O'y-;/
V
>/■
,
——y:{;y. 28,287
$16,823
'■>$>
21,357
$10,892
.
'
$125,366
Other
237,427
$125,497
refund
debits
State
First
the
(//
1
./•///;: ■!.7
•
2,119,114
960,790
332,614
1,948,493
919,166
34,267
income—
oper.
ry,
(■■■■ ■./■/'•
From Jan. 1—
Gross
from
railway—
from railway
Net
Net
ry.
income—
oper.
*~V„ 159, p. 1867.
The New York
/y;/-/
Other
&
433,723
H.
President of Ogden Corp., announced May 26-that
Ogden Corp., Laclede Gas Light Co.. and*
Brewster,
boards
of
directors/of
Light.
-'
■
•1--
•
•
Satisfaction upon
the conclusion of the proceedings before the SEC
expressed by Mr. Brewster, who said he anticipated consummation
of the reorganization in the near future.—V.
159, p. 1044.
if Power
Paid-in
Net
696,210
construction...—.—.
to
2,934,"685
70,101,328
<$,589,599'
1,862,389
662.063.909
Decision—ri:-;;//;
565.641.456'
interest.
Net ry. oper. income.—
47,093
65,445
$426,224
98,210
41,586
2,623,473
491,271
2,641,746
2,080,801
711,979
523,594
334,223
188,749
319,959
274,436
127,237
'
>■
1,619,133
that
the
and
the
application of
the
com¬
consolidation was not in the public
questioned amounts in the fixed capital ac¬
as being in excess of "original cost"'
questioned the adequacy of the depreciation reserves on a retro¬
In their petition to
straight line basis.
review,
the
159, p. 2235.
"
companies*
./--
'
;
,
company,
according
called for redemption
has
1944,
29,
,
successor
15.
bonds,
Report—
"
for the fiscal year ending Jan. 1, 1944 totaled $16,140,821
deducting all charges including interest, taxes, depreciation and
$2,000,000 additional reserve provided for contingencies, according to
the
annual
report
include
issued by Barney Balaban, President.
These
representing Paramount's net interest
earn¬
$1,556,000
undistributed net .earnings for the
partially owned non-consolidated, companies,
v
-<
Earnings for the fiscal year 1942 on the same basis
'
as
a
year of
•
were
$14,631,650,
including $1,506,214 share of undistributed earnings of partially owned
riori-consolidated companies. "
The
amount
earned
per
common
for; 1943
share
the
on
basis
of
combined" consolidated
partially
with
$4.74
for
outstanding
shares
On
Jan.
2,
debentures
at
by
a
to
1,
1943.
1943
the
full,
and
year
Jan.
2,
due
in
103%
the
on
Jan.
on
retired
earnings and share of undistributed earnings of
non-consolidated companies was $4.30 as compared'
owned
1956.
were 3,752,136 common shares
compared with 2,933,717 common
.■.:/ ■
; '
:
/
;
/
company had outstanding $20,332,700 of 4%
1944
Prior
$698,000 by
accrued
There
1942.
as
.
to
July
14,
purchase
interest.
1943
and
Funds
these
debentures
$19,634,700 by
this
for
purpose
were
redemption
were
provided-
3%
$15,000,000 new borrowing at interest rates ranging from 1M2%
annually, the balance being provided out of current funds,
through prepayments out of
contend that the action of the Commission is "arbitrary and capricious
and
constitutes a
confiscation of the property of the petitioners."
—V.
Corp.,
May
-
proposed
The-Commission
July
Steel
dated
stockholder ,in the combined
counts of consolidating companies
active
.From Jan. 1—
said
Laughlin
.
ings
'.y;'.-'-'
denied
&
announcement
1944, all of the outstanding 1st mtge. sinking fund"
series) -A, due Jan. 15, 1962, of the Otis Steel Co., at 104
and int.
Payment Will be made at The National" City Bank of Cleve¬
land, trustee, Cleveland, Ohio, or at the Central Hanover Bank &
Trust Co„ New York, N. Y.—V. 159, p. 2088.
•
$584,861
185,294
115,015
,
of
,
Commission
Jones
an
Earnings
Eight companies embraced in the Niagara Hudson System hav^ ap¬
to the Supreme Court at Albany County for- a review of. the/
Service Commission orders disapproving the proposed consoli¬
dation whereby the electric and gas operating companies in the Ni¬
agara Hudson System would be consolidated into a single company.
The consolidation was part of a reorganization plan developed to ef¬
fect compliance with orders of the Securities and Exchange Commis¬
sion under the "death sentence" provisions of the Public Utility Hold¬
ing Company Act of 1935.
Service
•
after
plied
Public
480,578
Paramount Pictures Inc.—Annual
20,934,614
Public
$647,511
:
*594
2,396,511
24,649,526
24,967,721
panies to consolidate last January and later refused to grant a rehear-"
ing.
In the memorandum accompanying the order of denial the Com¬
150,908
22,754
75,326
4 Mi %
/
.
175,536
income—
oper.
*
Otis Steel Co.—Entire Issue of 4V2s Called—
Asks New York Supreme Court for Review of Com¬
mission's
86,064
90,687
The
6,055,783
7,481,199
....—1.—
'...Total
;;;
2.912
335,968
8.911
251,795
ry.
to'
2,057,122
10,151,758
——
8,592
103,679
752,791
2,366,383
164,437
•>
Dec.
:
...
21,070
280,457
16,560,814
3,095,802
78,850,552
<
of
divs.
29,276
$24,930
517,200
as
aid
30,316
$79,937
168,491
2,334,538
696,468
—
depreciation of fixed capital—
unpaid
51,322
262,5&6
167,432
liabilities
accrued
1941
$102,802
71,945
1
■:
and
1942
$127,729
Net
408,000
262,586
17,490,050
Corp.
ry.
1943
'railway-—*
railway—..
oper. income—-
From Jan. i—
Gross from railway
Net from railway..——.
cos.
!
—
from
Ry.—Earnings-
1944
/
from
/
4,392,872
419,000
Gross
Net
95,810,085
4,402,065
;
April—
.
,
$664,786
127,591
Net from railway—
Net ry. oper. income—,
159, p. 1867.
^
l,564,900v
companies—.— 126,664,008 126,664,009
231,981,029 235,141,836
surplus, less charges.....
surplus——^
Earned
railway
railway—*—
railway—
—
9,028,100
95,810,085
—:
subsidiary
37,887,500
9,028,100
on
and
Oklahoma City-Ada-Atoka
37,887,500
($100 par)
31, 1942 on
cumul. pfd. stock of Buffalo, Niagara .& East.
mission
from
A
credits
Accrued
Southern Ry.—Earnings-
April—
($100 par)'
1,564,900
ser.
-
Contributions in
77/^77-/777
./://
.
662,063,909 565,641,456
series
5
Other -reserves
1941
from
Power
deposits
for
1942
t
Reorgan-'
Light Co. have decided to accept the conditions
imposed by the SEC in its findings and opinion on the reorganizationplan of Laclede Gas and the proposed sale of electric properties of.
9,753,748
or
current
Deferred
Appeals has unanimously upheld the
159, p. 2235.
of
accrued
Reserve
1943
Gross
Laclede
B.
*
181,896
709,900
—
accrued
Interest
1944
from
2,447,698
taxes
par)
—
payable
Customers'
Taxes
•
7r'7 )-■ AZ
C,;-
'
Gross
2,496,945
159,926
8,806,515
(cum.' 5(
($10
debt,
declared
.The
Net
profits
excess
Laclede
&
called for redemption in 1943—
pfd. stock of a subsid. co
Liability relating to reservoirs due in 1943
1,272,453
1,193,607
468,133"* 476,499
213,231 ; 205,812
-
,///./:
Court of
State
conducted.—V.
f Norfolk
Power
($100 par).
stocks
maturing
Appellate Division ruling that the company has the right to attack
the constitutionality of the 1943 State Water Power Act before hearings
are
Laclede
Principal amount of funded-debt of subsid.
Div.
Niagara Falls Power Co.—Wins in Second Appeal— 1
-
of
(cumul.)
stock
Accounts
1941
$282,324
126,021
56,193
1942
$323,719
132,029
70,838
1943
$460,215
209,359
62,143
railway—
Net from railway—
/
Net
the
9,628,900
-
B
Long-term
Western RR.—Earnings—
1944
$468,553
181,747
64,297
from
series
Preferred
yy/77/7/; 7/ *7'.7y--■77/777
New York Susquehanna &
April—
Gross
9,272,646
96,012.
—
stock
Common
gas
Pennsylvania-West Virginia State Line,
'
100,750
assets
—
pfd.
5%
in a northeasterly di¬
rection to a connection with the southerly end of the Potter County
Line of the Peoples Natural Gas Co. (also a subsidiary of Consolidated).
This transaction is the initial step in a program which contemplates
the construction and acquisition by New York State of direct trans¬
mission facilities connecting the Hope Natural Gas Co. system at the
Pennsylvania-West Virginia State Line with the New York State sys¬
tem in northern Pennsylvania.
-■■/.'/ -/v"
-V
The construction and operation of the 127-mile natural gas trans¬
mission line has been authorized by; the Federal Power Commission
and a Preference Rating and Allotment Certificate has been granted
by the War Production Board for the materials required in the con¬
struction of the pipe line.
;/:•
on
working
Second pfd." stock
proposes
natural
8,497,860
receivable
:
on
Accepted—' :
———7,830,67()
reserve
.
Conditions
Liabilities—
»
to use to finance the construction costs of a,
transmission pipe line, 12 inches in diameter, in
the State of Pennsylvania, extending from a point of connection with
the system of the Hope Natural Gas Co. (a subsidiary of Consolidated)
127-mile
$300,209)—
ization
11,663
,
Corp.—SEC
was
Company proposes to issue 30,000 shares of capital stock ($100 par).
Consolidated Natural Gas Co. for $3,000,000 cash, which amount
New York
and
Deferred
Total
,
of
Ogden
5,505,950
7,444
—
current
Post-war
/'/New York State Natural Gas Corp.—To Issue Stock—
to
(less
supplies
30,102,431
18,777,086
3,914,138
—
^
—
dividends
and
series
Prepayments
-
266,909
.
and
Materials
tax
—
receiv.
Interest,
33,453,532
39,312,671
accounts
—
receivable
Accounts
1944—12 Mos.—1943
$1,436,534
$1,342,332
1944—Month—1943
$127,538
$113,230
fund
Treasury notes,
Notes
Operating revenues -i—
Gross inc. after provis.
and
——
'
current funds the new borrowing was
to
$10,000,000 on Jan. 1, 1944.
This amount is payable
$1,000,000 annually during the years 1949 .through 1958. and in addi¬
tion by annual sinking fund payments commencing on
'May 15, 1944.
This debt has been presently reduced to $8,000,000
by additional pre-"
payments since Jan. 1, 1944.
reduced
—V.
Consolidated Income Account
reasons
it is not always
companies in exact alphabetical
order.
However, they are always as near alphabetical
position as possible.
,
NOTE-*—For
Niagara Hudson Power Corp.—Annual Report—
.I
stockholders, signed by Paul A. Schoellkopf, Chair¬
man, and Earle J. Machold, President, states: : - '
i The
most important development affecting the System during 1943
involved the plan of reorganization developed by the companies in
June, 1943, to provide for the payment of accrued dividends, to retain
the advantages of the integrated Niagara Hudson System, and to meet*
the problems presented by the SEC in the "death sentence" proceedings
which that Commission
had instituted in August,. 1942, under the'
Public Utility Holding Company Act.
t;,;An integral part of the plan is the consolidation of the six prin-'
cipal operating companies •of the System and Buffalo, Niagara and
Eastern Power Corp., an intermediate holding company.
After exten¬
sive hearings during 1943'the Public Service Commission of New York
on Jan.
21, 1944, denied the petition of the companies to consolidate.
This decision of the Commission was received with great disappoint¬
ment because the directors and officers believe the plan to be in the*
1*
The
best
report
to
stockholders
of
intersts
possible
'yy/i/v/-
and
and
consumers
that
upon
consum¬
to
mechanical
52 Wks.
Ending
Period End. April 30—
1944—Month—1943
revs..:—. $12,980,906
oper.
way
struc.
1,367,971
Maint.
of
equipment.—
2,582,744
2,564,371
166,328
172,402
2,849,873
64,518
247,350
&
Traffic
I
Transp.—rail
Misc.
General
-.
line
operations
Net
——.
2,949,324
70,219
—
265,827
•
expenses
oper./ revs
/
tax accruals—
ry.
Railway
$5,578,493
income
1944—4Mos.-
1943
$13,366,202 $51,828,872 $51, 325,350
5,857,867
1,260,301
827,758
of
874,895-
10,663,245
615,565
682,001
11,551,856
11 179,861
256,520
'
of
,
-
18,675,524
etc.——
.
;
98,945,782
...
*
94,716,764
90,077,139
85.498,143
86,354,783
50,521,093
36,912,029
18,961,584
12,590,999
437,881
7,995
50,521,093
37,349,910
19,140,906
421,561
504,875
667,060
820,615
3,569,362
128,283,452 $16,129,422
4,617
3,255,933
*3,744,725
3,152,454
14,985
98,117
158,354
Capital gains (net)
of
$
./•'•"-•
•
145,237,856 126,989,169 104,459,727
—
films,
Share
967,439
16,055,218
$
re¬
Operating profit
undistributed
earnings of companies
consol.
$6,207,388 $21,688,721 $23,569,004
4,910,246
$
exps.,
film distribution
and
amort.-
224,393"
1,195,098
Ending
Jan. 4,'41
Oper.
Int.
for
first
time
income
on
Z
funded
Total
.
4,003,574
53 Wks.
Ending
Jan. 3,'42
ceipts, rent and other
Ry.—Earnings—
Maint.
52 Wks.
Jan. 2,'43
$
'
Norfolk & Western
Ending
Jan. 1, 44
Period—
f
Income from theater
Railway
52 Wks.
arrange
debt
171,328
12,590,999
of
"
mation
and
would
it
officers
connection
the
.
21,
a
petition for
and in this
rehearing was filed with,
■).*'
and officers
directors
The directors
with the Commission's findings,
1944,
Commission.
S.
P.
The
Feb.
available for dividends.
earnings
not agree
do
on
make
are
well
aware
of the great hardships to
stockholders caused by the suspension of dividends and they are hope¬
ful that
a
satisfactory solution can be found to the System's problems.-
They are giving consideration to every possible means by which accrued
dividends can be fully paid and earnings made available to stock-"
■'
:
Despite these difficulties there was no interruption in the System'sprimary job of supplying electricity and gas to its customers. - The
companies again increased their services to industrial customers to
meet the extraordinary demands of war production plants.
This was
done without impairing regular services to farm, residence, commercial-
holders.
and
-
■.
other customers—an
'
16
cubic
feet.
These-increased
sales
were
reflected; in. total
operating revenues of $117,735,000 for 1943, compared with $110,823,000
1942.
While these operating revenues were greater than in any
for
previous
the
year,
mainly
because
increase in net income was
increases
in
facil.
(net)
$1,574,919
702,581
$1,297,143
877,174
$5,633,502
2,922,572
$4,893,480
2,988,188
Drl4,522
Dr57,662
Dr56,851
$2,260,287
$2,159,795
$8,498,412
$7,824,817
572,365
94,833
2,244,231
345,933
$2,832,652
176,136
$2,254,628 $10,742,643
176,140
704,544
$8,170,751
$2,656,516
(net)
rents
$2,078,488 $10,038,098
'
Brl7,213
Federal
Subsid.
Net
ry.
oper.
income
Other income
Profits
ity
,
income
Gross
Int.
on
funded debt
704,684
of increased
sales
to
.War/industries,^
only $.348,000, largely as a result of the
payroll, taxes and other operating expenses.
income taxes
pfd. dividends
applic. to minor¬
holders
stocks of
of
subsidiaries
Capital losses
-V.
income
159, p. 1867.
$7,466,067
'
Net
Net
1943
from
from
ry.
railway- $12,174,219 $11,592,653
3.642.522
4,449,154
railway—
Loss
191,516
164,631
642,782
864,492
659,056
539,836
3,000,000
1,326,500
523,782
35,878
10,798
invest, and adv.
on
debentures-
conting
foreign subs, (net)
Redemption premium
&
unamort. disct. & exp.
1942
$8,228,613
1941
749,383
46,194
39,811
72,842
10,526
operations
purch. of debs,
14,584,821
13,125,437
9,206,042
6,304,064
200
98,066
profit to surpluspref. dividends
14,584,821
13,125,437
9,206,242
6,402,131
Foreign exch.
adj.
(Cr)
$6,021,538
'
2,115,396
1,659,216
.2,585,766
1,562,369
1,409,288
railway
48,701,048
43,166,424
31,245,404
21,856,975
railway—
14,738,169
15,361,571
7,835,182
5,002,523
First
6,752,649
9,198,949
5,843,470
3,893,667
Second
income
957,626
174,814
for
1.674.523
oper.
212,900
110,738
on
applicable to 4% debs.
1944
April—
,
2,000,000
(net)
Interest
Northern Pacific Ry.—Earnings-
Gross
3,561,649
com.
Reserve
Net
„
accomplishment made possible by the unified
greatest in the history of the System, and sales of gas were nearly
billion
Joint
inc.—
oper.
-
System of interconnected facilities,
7
Total electric sales for the year were over 12 billion kilowatt hours,,
the
-Railway
Equip, rents
subsidiaries, etc,
tDepreciation of bldgs.,
equipment, etc.
Prof,
Prof,
from
on
From Jan. 1—
Gross
from
Net
from
Net
ry.
—V.
ope'r. income
159,
p.
1867.
'Net
Common
pref.
divs
dividends
137,607
—
4,696,804
755,540
766,158
836,029
7,988
292,461
328,227
3,047,670
2,309,351
1,109,667
THE COMMERCIAL & FINANCIAL CHRONICLE
2308
Monday, June 5, 1944
4.
"Includes
sidiaries
than
tExclusive of studio and .laboratory
owned,
95%
1943 for post-w,ar refund.
Note—Share
of
undistributed
earnings- of non-consolidated controlled subsidiaries for the years 1943,
1942 and 1941 amounted to
approximately $129,000, $128,000 and $79,000, respectively.
.$657,849 in
and $194,834 in
1944
Sheet
Comparative Consolidated Balance
/.■ vv
,
Jan. 1, '44 ' Jan, 2,
AqoaIG—^
and
InR(?iaSS:
6,433,406
———
9,211,939
completion—.—17,674,901
productions
of
to
; 4,796,765
10,765,286
applicable to future
JrvSr
—-
_
4fi0 474
460,474
13,235,918
.
59,097,093
.
,
325,784
•
QnQ
42,809
ujs.yua
731597
731,09/
139,167,243 133,522,487
.
Liabilities—
127,478
rights
alty
foreign income
and
taxes (est.)
53,702
3,922,901
15,575,780
5,233
obligations (current)-,—___—
and bonds of subsidiaries matur-
Purchase money
'""Mortgages
debt
liabilities
Other
Reserve
for
after
due
one
:
9,958,650
5,830
245,301
207,587
18,037,362
30,724,263
1,517,795
6,266,827
ing within one year—————
•
Funded
year
———
1,826,074
———————
contingencies——;——
8,266,827
.
ttlnterest of minority stockholders in capital
and surplus of subsidiary companies
—
6% cumulative conv. first pfd. stock ($100 par)
1,493,269
Common stock
3,752~136
2,933,717
15,926,452
27,357,081
5,053,171
27,357,081
26,925,633
Excess
of
of
cost
(par $1)———
.
par value of preferred
stock over
reacquired shares and par value of
stock
common
issued
on
conversions
V-.————-:
Earned surplus accumulated since Jan. 1, 1935-
Capital
Total
surplus
—•
38,676,044
1,379,814
12,145,167
spectively.
^Including
in
unamortized bond
and of
1944
and expense
discount
of $415,330
in
$605,288 in 1943.
ILess U. S. Treasury tax notes of $12,418,000
1943.
♦♦Less treasury bonds of $343,734 in
in 1944 and $5,422,000
1944 and $108,900 in 1943.
ttlncluding $66,050 in 1944 and $66,632 in 1943 to
and
accumulated
dividends
thereon.—V.
preferre'd
stocks
159, p. 2236.
The
has called for redemption as of July
of $500,000 of its outstanding 1st mtge. & 1st lien 3%
due
company
Jan.
1,
will
all
the
hereunder.
Warrants
of
will
become
and
void,
wholly
unexercised
all
to
stockholders
to
be
at the
made
rate
of six
this
available
cases
share.
a
of
Price
made
up
May
¬
/
29
Exchange directs that beginning June 19, 1944,
on June 22, 1944, all dealings in Park
shall be for "cash" i.e., for delivery
Inc., common stock
the day of the contract;
on
That
on
June
"regular way"
and
23,
shall be made only
and shall not be made for "cash";
s
That
1;
Park.
&
Made To
Tilford,
Inc.—-Whiskey
Stockholders—
•
Distribution
of
the
shares
of
on
;
7
June
stock of
common
Be
23,
Park
&
an
1944,
offer to all persons
registered holders
are
Tilford,
Inc.,
and who
are
become legally, authorized to accept this offer, the opportunity to
purchase Park & Tilford "Reserve" whiskey, a blend, .from the im¬
port concern during the period commencing July 1, 1944, and ending
May 15, 1946, at the rate of six cases of such whiskey for each such
or
full share, upon the terms and conditions hereafter set forth and sub¬
ject to all laws, orders, rules and regulations of all Federal, State and
authorities having jurisdiction.
Whiskey purchase option-war¬
rants as well as forms of whiskey purchase agreements, notices of
local
assignment,
allotment applications
mailed to such stockholders on
or
and
supplemental requests
1944.
will be
about June 30,
in
-
1,551,678 cases of such Park & Tilford "Reserve"
whiskey will be made available for purchase pursuant to this offer,
of which not less than 200,000 cases will be made available for allot¬
ment in July and August, 1944, at the rate of 100,000 cases in each
of said two months,
The remaining 1,351,678 cases of such whiskey
will be made available for allotment during the period from Sept. 1,
1944, to and including May 15, 1946, at the rate of not less than 50,000
cases of such whiskey in each calendar month during such period or
until all of said 1,551,678 cases of whiskey included in this offer have
ibeen allotted, whichever first occurs.. Shipments will be made comjnencing with the, calendar month following the month of allotment
(beginning on or about Aug. 1, 1944 with respect to allotments made
in July, 1944), except that allotments made with respect to allotment
applications received by the agent during the first 15 days of May,
1946, will be treated as applications for shipments to be made during
the period from June 1, 1946, to and including Dec. 31, 1946, as here¬
aggregate of
after noted.
■/
V
Park & Tilford
"Reserve'' Whiskey is
a blend of 5% whiskev aged
whiskey aged four years and 70% neutral spirits. ^
Beginning on or about Aug. 1, 1944, our sales of Park & Tilford
"Reserve" whiskey will fall into two different channels: (1) sales to
stockholders of Park & Tilfo.rd, Inc., under this offer and (2) sales
to regular customers,
To distinguish, these sales one from the other,
in cooperation with the' Office of Price Administration, for the pur¬
pose of assisting in enforcing its applicable regulations and orders, the
Import concern has agreed that the word "Distribution" will be im¬
printed upon the front label of the Park & Tilford "Reserve" whiskey
seven
sold
years,
25%
to stockholders hereunder.
Subject to the provisions for increase or decrease, the purchase price
the whiskey offered hereunder, f.o.b., the platform of the ware¬
house from, which the Import concern ships the whiskey, shall be as
follows:
(a) if such whiskey is made with Cuban cane products neu¬
of
tral
spirits, the purchase price will be $29.87 per case, and (b) if such
whiskey is made with domestic grain neutral spirits, the purchase price
Will be $26.43 per case.
The above prices include the Federal excise
taxes and rates in effect as of this date and are the
now
effective for * sales by the Import concern of
.
prices which are
Park & Tilford
■"Reserve" whiskey to licensed wholesale whiskey dealers.
'
In addition to the purchase price, the purchaser will be obliged to
pay directly* all State and local charges of whatsoever nature, including,
but not limited to, taxes, clearance
fees, permit and license fees, as<
well as all freight and" delivery charges, and all other
charges subse¬
quent to or as a condition to shipment of any whiskey hereunder. The
foregoing vary in different States and localities. In New York State,
for example, the State excise tax at present Is $3.60 per case of whis-
/'"
'
.
'
Attention
is
directed
to
the
fact
that
no
alternative
method
B
of open contracts made before the ex-date other than
delivery of certificates of stock before the close of business on
23, 1944, is available under the Rules of the Exchange.
,,j .
Due to the problems involved in settlement of contracts, the odd*-
by
'
dealers will
be unable
stock from June
19,
1944,
to
conduct
an
to June 22,
odd-lot dealer market in the
1944, inclusive.
Members mav,
however, negotiate transactions for "cash" in odd lots during this
period, if buying and selling orders for appropriate quantities meet
on
the floor.—V. 159, p. 1559.
V"
Pennsylvania Co.—Issuance of $35,000,000 Notes Au¬
thorized—Placed Privately—To Refund Bonds—
The ICC on May 25 authorized the
company to issue not exceeding
$35,000,000 of secured notes consisting of $15,000,000 of secured notes,"
series A,
series
B,
1,
for the
and $20,000,000 of 25-year V/& % sinking fund secured notes,
to be sold at par, plus interest which will accrue prior to
1944,
and
redemption
the proceeds used to provide a part of the funds1,
on Aug. 1,
1944, of $44,779,000 of 35-year 4%%
gold bonds now outstanding/
.
,
"7'v ; .7 .■ ■/.;
report of the Commission states in part:.
, ~
' v"*- J- '
company on April
13, 1944, applied for authority to issue
$35,000,000 of secured notes consisting of $15,000,000 of secured notes,"
series A, and $20,000,000 of 25-year. 3 Va %sinking-fund, secured notes, >
series B,
Emma M. Butler, a stockholder of the Pennsylvania RR.,
was
granted leave to intervene;
No other formal objections have
been.offered.
7;
.■
;
secured
Thfe
The
.
The
applicant has outstanding or in its treasury $46,000,000 of 284% secured bonds, dated Aug, 1, 1935, secured by a trust in¬
to the Girard Trust Co., as trustee, .which will mature on"Ang. l, 1963.
These bonds were originally issued in; the amount of .
$50,000,000 for the purpose of redeeming on Nov. 1, 1935, applicant's
35-year 4%% secured gold bonds.
Of the amount issued," $4,000,000
have been retired through a sinking fund,- and-of the $4&;000,000-not
retired $1,221,000 were reacquired and are held by the applicant,
leaving outstanding in the hands of the public $44,779,000.
The ap¬
plicant proposes to call these bonds for,redemption on Aug. 1, 1944, at;
106 and accrued interest.
To obtain a portion of the funds for this
purpose it will issue and sell at par $35,000,000 of secured notes.
The
additional cash required will be paid from funds in; the treasury .to
be provided by the sale of $7,500,000 of United
States_/%% certificates
of indebtedness and $5,000,000 of the Pennsylvania RR. 15-year 3^4%
convertible debenture bond's owned by the applicant.' The $1,221,000
of bonds held in the treasury-will be canceled.
The proposed notes are to be issued under and pursuant to and
year
denture
will
be
soured by an indenture
rate
of
"iVa%
per
or
part of such cash pay¬
a
to the trustee prior to any - such
will be taken at the cost to the ap¬
interest and brokerage fees, br at their
deliver
which
The trustee from time to time
the cash in the sinking fund to the purchase of series B
price or prices not exceeding their principal amount, plus
accrued interest and brokerage fees, and if purchased from the ap¬
plicant, at not exceeding their cost to it exclusive of accrued interest
and brokerage charges.
If on April 15 in any year the cash in the sinking fund is $25,000
or more the applicant will call series B notes for redemption for the
sinking fund on the next following June 1 at par and accrued interest,
in an amount sufficient to exhaust as nearly as practicable the cash
in the sinking fund.
The applicant will pay any accrued interest oin
the series B notes purchased
or
redeemed and any brokerage fee
charged to the trustee.
Whenever Series B notes are to be redeemed
will
apply
at
a
the
sinking
all
the
fund
trustee,
the notes outstanding,
nearly, as
to
be
may
be
on or before April 25,
will select
sufficient amount thereof to exhaust
a
the money
either
made
the sinking fund; such
the provisions of any
available in
accordance with
in
the
to
be
If
canceled
it
surrendered
and
the
to
desires the applicant
applicant.
:
.
redeem at any time the series B
a whole, or any one or more
maturities thereof as a whole, upon not less than 30 days' notice if
redeemed on an interest date, or upon not less than 60 days' notice
notes
if
so
as
whole,
a
redeemed
accrued
on
demption
may
the series A notes as
date
a
interest
for
amount
plus
each
than
other
premium
a
months
6
interest
an
to
equal
date,
0.1%
thereof
fraction
or
of
from
at
par
their
the
and
principal
date
of
re¬
the date of maturity.
applicant elects
all or a part of the
notes,, notice thereof is to be published as provided in the indenture,
the first publication to be not less than 30 days nor more than
60 days prior to the date designated for redemption if an interest
date, and not less than 60 days nor more than 90 days if other
than
an
interest date.
A notice is
also to
be sent by
mail on
the first date of publication to the holders of registered notes to be
redeemed.
If all
the notes
to
be redeemed
are
registered notes,
publication may be omitted,, provided the notice of redemption is sent
by registered mail, not later than the first day on which publication
would he required, to each of the registered owners of the notes to be
In
the
the
to
event
interest
date
next
the
preceding
to redeem
.
redeemed.
Security for Notes
As
security for the notes the applicant will pledge with the trustee
under
the
indenture
Western
&
382,621
Railway
(par
shares
of
common
and
$38,282,100)
as
stock
of
the
Norfolk
additional securities
the terms of the inden¬
such
may from time to time be required under
ture.
If at any time the fair value of the
below 1507*
of the principal amount of notes
pledged securities falls
outstanding, such addi¬
tional
securities, other than securities of the applicant, will be pledged
will bring the fair value of the pledged securities up to 150% of
the outstanding notes.
In the absence of default on the part of the
applicant, it may substitute for all or any part of such additional
securities, subject to certain provisions prescribed in the indenture,
other securities having a fair yalue not less than that of the securities
released.
•.
-»"r
v:;
■
Sale
The
to
have
notes
Notes. Privately
of
been-sold
(subject
to
approval
of
ICC)
pursuant
letter agreement dated April 12, 1944. to the following' purchasers;
B
notes
in the amount of $10,000,000 to the Equitable- Life
a
series
Assurance Society of the United States and a like amount to the
Metropolitan Life Insurance Co.; the series A notes in the amount of
$5,000,000 to the Chase National Bank of New York, $5,000,000 to'
Bankers Trust
Co., $3,500,000 to First National Bank of Chicago,
$1,000,000 to Harris Trust & Savings Bank of Chicago, and $500,000
the
to
New
York
the purchasers
Trust
Co.
The
series
A
notes
will
be
delivered
to
thereof in proportional amounts of each maturity.
Sale
be dated June 1, 1944,. between
the applicant and the Gicard Trust Co., as trustee, and will be of
two series, $15,000,000 to be designated secured notes, series A, and
$20,000,000 as 25-year 37a% sinking-fund secured notes, series B.
They are to be issued either as coupon notes registrable as to principal
in the denomination of $1,000,
or
as fully registered notes in the
denominations of $1,000,; $5,000, and such multiples of $5,000 as the
of
Notes
Benefits
Company
/ The proposed issue of notes is for the purpose of refinancing the
applicaht's indebtedness on more advantageous terms with an imme¬
diate
the
its
decrease
opinion,
service
would
be
service,
to
in
debt
would
The
and
a
therefore, that
the-public of
consistent
and
service.
with
in
no
reduction
such
the
way
in
fixed
charges.
We
of
are
would not adversely affect
the carriers under its control,
proper performances by them of that
impair their ability to perform such
any
issue
of
wholly owned subsidiary of the Pennsyl¬
securities of railroad companies.
Any benefits
to be derived from the proposed refinancing will accrue indirectly
to the parent company arid
strengthen its financial position.
We
hold that the reduction of debt, and refunding of seceurlties to obtain
lower interest rates, at times when conditions are favorable are highly
desirable from the standpoint of both the carrier and the
public,
and therefore consistent with the public interest.
Emma M. Butler, as the owner of the 100 shares of common
stock of the Pennsylvania, RR., was granted leave to intervene in this'
proceeding.
She alleges that the terms of the proposed transaction
were not determined so as best to serve the interests of the
applicant,
that it is violative of the public interest in that it unnecessarily
adversely, .affects the applicant's financial - position and constitutes:
a
dissipation of its earnings and tends to promote unwholesome
financial business and political relationships between certain invest-,
ment bankers and directors and officers of the .applicant. No-hearing
has, been held but briefs have been filed by the parties in interest.
In her brief the intervener directs her objection to the proposed
payment - of $87,500 to Kuhn, Loeb & Co. for securing purchasers
and assisting in the selling of the proposed notes, stating that thereis to be
no, underwriting, of /the jsecurijties,.. no/risks to ,be .taken by.
Kuhn, Loeb & Co., 'no selling group organized,; or distribution to;
the public, that the securities are to be sold to seven large financial
institutions, and that the payment of a fee of one-quarter of 1%
is not justified.*
After examination and consideration of the record, in this case
vania
Aug.
in lieu of all
or
notes,
the settlement
lot
the
for
,
The Park & Tilford Import Corp. in a letter to common
An
.
June
stockholders of Park & Tilford, Inc., on May 26, stated
part as follows:
Exchange contracts in the stock, on June 23, 1944, shall be
whiskey purchase privilege, but:-in view, of/the terms and
which the purchase privilege may be exercised open
orders to buy and open stop orders, to sell in effect, at the close of
business on June 22, 1944, shall be returned to principals: for con¬
firmation or adjustment.
The value of such purchase privilege will not be determined by the
Exchange, orders in the stock sent to the specialist after the close on
June 22, 1944, will be assumed to have been reduced by such valueby the member or firm giving such orders, and will not be reduced
by the specialist.
The right to close on the Exchange contracts made to and including
June 22, 1944, will cease on June 22, 1944.
the
ex-
$1,300,000,
applicant may
series
1,
conditions under
*/ The1 Park/ fc Tilford Import" Corp. has made
who at the close of business
To
at
plicant, exclusive of accrued
principal amount, whichever is lower.
as
the stock
contracts, in
1944,
"seller's option"
or
interest
bear
trustee on or before such time of selection, or, if the fore¬
method is not applicable, by lot in any manner deemed to be
by the trustee.
All series B notes together with all coupons
appurtenant thereto purchased or redeemed for the sinking fund are
to the close of business
Tilford,
to
are
going
Common Stock Whiskey Purchase Privilege
on
\<;.::7;
Series B Notes
notes
proper
by which stockholders of Park & Tilford,
The New York Stock
&
on
the
with
1946.
About 350,000 cases
Stockholders—
Administration
B
agreement executed by the registered owners of all series B notes, if at
the
time all outstanding series B notes are registered notes, and filed
announced pricing
Inc., may sell the
liquor that the company plans to distribute to its. shareholders.
Stockholders who are not in the liquor business may sell the whiskey v
after it is delivered or assign their purchase agreement.
OPA said
they would act as "quasi-wholesalers" and be governed by the celling
governing sales by wholesalers.
- .. .
. .
Where, a stockholder sells the whiskey by assigning his purchase
agreement to someone else, he will be allowed to receive $3.46 a case,
OPA said.
Regularly licensed wholesalers who get the whiskey either
as
Park & Tilford stockholders or by acquiring a stockholder's pur¬
chase agreement will be
allowed^ the regular 15 % wholesalers' mark-up.
Office
methods
of
sum
March
selection
year.
OPA Rules On Sales By
/''./;
series
ment
as
With the Schulte interests ab¬
staining, the holders of about 125,000 shares will be able to take up
about one-half of their whiskey allotments during 1944.
are
the
from
rights of
located at New York, N. Y.; Midway, Ky.;
Brownsville, Pa.; Tell City, Ind.; Louisville, Ky., and Gwynns Falls.Md.
David A. Schulte, President of Park & Tilford, Inc., on May 29 an
nounced that the Schulte Family Trust, which controls about 50% of
the outstanding 243,976 shares of common stock of Park & Tilford,
does not intend to take delivery of its share of the whiskey to be dis¬
tributed by the company in 1944.
Under the plan, a total of 1,551,678 cases of whiskey are to be sold
mature
payable semiannually' on. June 1 and Dec; 1 and will mature
on
June 1, 1969.
To provide a sinking fund for the retirement of
the series B notes the applicant will pay on or before March 1, 1955,
and on or before March 1 each year thereafter to and including 1968,
for
May,
Park & Tilford plants are
1962,
be
month
the
stockholders and licensees hereunder will terminate on May 15,
and
1, 1944, a total
bonds, series C,
through the sinking fund, at 101 V\ and int. Pay¬
at the City Bank Farmers Trust Co., corporate
trustee, 22 William St., New York, N. Y.—V. 159, p. 2012.
ment
is entitled to apply hereunder.
with
are
annum
notes
1945, allotment applications
of the purchase period may
or
any part of the then unallotted cases of whiskey for
stockholder or licensee, as the case may be, may apply
Ruling
Panhandle Eastern Pipe Line Co.—-Bonds Called—
.r
for
which
The
$37,383,111
1943, and $5,297,956 in 1944, and $5,106,319 in 1943 applicable to
8. A. and Canadian companies and other foreign companies, re¬
U.
be
deposits of $1,026,000 in 1944 and
and time
fLess reserves for depreciation df $39,372,673 in 1944 and
In
agent.
However, since the actual number of cases of whiskey
made available for allotment hereunder during ohe or more months
of said ten months period may exceed the monthly minimyms herein
provided for and may exceed the number of cases of whiskey applied
for in allotment applications, each applicant (whether a stockholder
or a licensee) may request the allotment of additional cases of whiskey
in each month during such ten months period/by completing the form
of supplemental request contained in the allotment application-; pro¬
vided that in no event may the aggregate number of cases of whiskey
applied for by, or allotted to, any person (whether a stockholder or a
licensee) exceed the aggregate number of cases of whiskey for which
Commencing
to
preceding the date thereof.
Notes
serially in the amount of $1,500,They will bear
at rates appli¬
cable to the several maturities; those maturing on June 1, 1945, at
the rate of 1%
per annum, the rate to increase by 0.2%
for each
succeeding maturity to 1.60%, for those maturing in 1948, to increase
thereafter by 0.15% for each "succeeding maturity to 2.05% for those
maturing in 1951; the rates for the remaining series to be 2.107* for
those maturing in 1952, 2.207* for those maturing in 1953 and 2.30%
for those maturing, in 1954.
The
the
such person
series A notes
V;,,//;'/' /":■
plication for each of said months to 25% (or less) of (1) the maximum,
of cases of whiskey for which such stockholder has there-;
tofore
delivered
effective
whiskey purchase agreements, after first
substracting - therefrom (ii) the number of any cases of such whiskey,
With respect to which notices of assignment have been delivered to the,
agent.
Each licensee delivering an allotment application to the agent
as aforesaid during such ten months period must limit the number of
cases of whiskey applied for in his allotment application for each of
said; months to 25%
(or less) of the maximum number of cases of
whiskey for which notices of assignment have been duly delivered to
139,167,243 133,522,487
-
———
^■Including call lo^ns
$1,349,918 in 1943.
the agent
beginning with the month of July,
and ending with and including the month of April, 1945, must
limit the number of cases of whiskey applied for in his allotment ap¬
1944,
delivered to the agent during the balance
—
—
aforesaid in any of the: months,
as
; 3,140,163
profits
and excess
——
523,692
14,957
954,217
—————
————
Owing to affiliated companies
S.
2,888,222
of roy¬
Taxes, payroll and accruals——
§U.
479,917
2,947,325
payable of subsidiaries——,,.—
payable
Accounts
Owing to outside producers and owners
covered
number
Advertising accessories and supplies
761,578
(less reserves).
11.^30,044
.fLand, buildings, leases and equipmeiit-,^-.~i-^—
57.217,502
Post-war refund (U. S. and Canadian excess
profits taxes) (est.)—
—
1,423,251
Sinking funds applicable to mortgages & bonds
onc
of subsidiary companies
35,896
Deposits to secure contracts—.
r■•*>
®°o,95b
Prepaid expenses
—
^Deferred charges
i--——-———
564,796
Notes
the cases of whiskey
assignment with respect to each such assignment. '
'/> \
/ Each stockholder delivering an allotment application to
Investments
Total
assign some of
to
<iUo, /%u
productions Rights to plays
.
desires
6,462,328
Scenarios and other costs
*
/
,
who
The
A
000 on June 1 each year from 1945 to 1954, inclusive.
interest payable semi-annually on June 1 and Dec. 1,
130,934
Deductions
Pr^uctions
v,
stockholder
A
Dec. 1 next
or
Series
®91,009
outside producers——
Comple^d
ment."
registered note is authenticated and delivered on June 1 or Dec.
1, it will be dated as of the day next following; registered notes will
any
bear interest from the June 1
^904,836
Govt, securities—r
accounts receivable (net)
to
will bear interest from that date; the fully registered notes are to be
dated as of the date of authentication and deliyery except that if
by his whiskey purchase agreement to one licensee and some
to another licensee or to other licensees, must file separate notices of.
amr~Canad~ian~
Advances
applicant may determine, the coupon notes and registered notes to
interchangeable, The coupon notes will be dated June 1, 1944, and
be
&; Trust Co., 70 Broadway, New York, N. Y„
has -been appointed agent.
A stockholder who desires to purchase whiskey hereunder may do
so from time to time during the. purchase period with respect to all
or part of the whiskey he may be entitled to purchase.
Such stock¬
holder must first enter into a whiskey purchase agreement.
A stockholder who desires to assign his whiskey purchase agreement,
either at the time of entering into such agreement or at any time
thereafter during the purchase period, may do so in whole or in part
to a person or persons duly authorized by law to accept such assign¬
25,539,300
—
Notes
case,
■' -'
Central Hanover Bank
per
22,656,222
♦Cash
TJ.,8.
'43
.
the State excise tax is $2.40
'
the State of New Jersey,
key while in
profits taxes of domestic sub¬
$39,784 provision for excess
less
depreciation charged to cost of films.
XIncluding $19,963,293 in 1944
and $4,340,797 in 1943 "U. S. excess profits tax, after deducting credit
of $1,560,294 in 1944 and $287,417 in
1943 for debt retirement and
RR.,
applicant
is
a
owning
,
-
.
,
,
and in view of the
we
are
Loeb
(
&
not
Co.
advantages and benefits obtained'by the. applicant,'
that the compensation to be paid to .Kuhn,.
convinced
for
the
services rendered
is
excessive.-—V.-159, j). 1696.
4% Secured Bonds Called for Redemption.
;
The company has called for redemption as of Aug. 1, next, all of its
outstanding 28-year 4% secured bonds, due Aug. 1, 1963, at 106 and
Payment will - be made at the office of the company in
interest..
Philadelphia, Pa.,
Seventh
to
or
at the office or agency of the company at
Ave.,; New York, N. Y.—V. 159.
p.
380
1696.
Pennsylvania, Ohio & Detroit RR.—Bonds Called^—
*
"rhe/cobp^ny h&$
(jailed for redemption as of July 1, 1944, $276,000
voutst&rimitt(pfirst and ref. mortgage 3%% bonds, series D, due
July 1, 1968, at 103 and interest.
Payment will be made at the Girard
Trust Co., trustee, Philadelphia, Pa.—V. 158, p. 2473.
of its
Volume 159
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4287
Phillips Packing Co., Inc. (& §ubs.)~ -Earnings—
Earnings—
Pennsylvania Electric Co.
"Gross
-
M
operating
Other income
revenues
—_——.
——;
income
Net
-V.
income
159,
a—
-™——
$4,282,910
—
——————
-
•'1944
Net
1942
1943
'
refund
income
Gross
from
ry.
C'•:
From Jan. l-~-
f
29,050
$770,781
36,381
$1,116,690
41,780
common
237,478
1
stock.-^I^^,.
237,478
237,478
'
475,000
"'
;
■
..
■
.
475,000
$1.56
After deducting cost of goods sold
1943
and
$10,007,372 in 1942.
$1.54
,
from
(less
.
23,652
42,978
509,096
140,791
105,749
443,920
368,092
271,497
147,369
134,424
49(380
88,235
115,198
17,801
1944
1943
1942
1941
$584,545
159,233
$678,793
294,225
174,478
$520,036
165,281
123,658
$372,598
111,399
92,574
2,339,857
743,295
2,617,596
591,110
1,822,225
614,330
505,971
1,573,969
547,439
555,964
■
fro
mrailway
railway
oper. income
from
Net ry.
114,420
From Jan. 1—
Gross
475,000
$2.26-
Net
fro
mrailway
railway
from
Net ry.
of $16,832,840 in 1944, $13,976,410
tlncludes declared value excess
—v.
159,
-
income—
oper.
987,935
471,980
p. 1868.
.
.
Plomb Tool Co,
Offered
Debentures
—
An issue of
—
$600,000 10-year 5% convertible debentures was offered
May 30 at 100 and interest by Wyeth & Co., Pacific Co.
of California
and
Bateman, Eichler & Co.
Debentures
1954, /
dated April 1, 1944 and mature April 1,
are
reserve
Proceeds will be used to redeem first mortgage bonds,
of
company
in
reimbursement
V-loan.—V.
for funds used to redeem preferred shares and reduction
159, p. 1484.
.. ..
H. K. Porter Co., Inc., of Pittsburgh, Pa.—Receives
Large Car Order—
;
*171,729 /• *202,631
51,055
8,640
railway-..
April—
Net
* ■'
Consolidated Balance Sheet, March 81, 1944
'
-
1941
$113,056
41,939
$19,702
*26,011
*28,519
-
railway
oper, income-..
V. 159, p. 1801,
ry.
Gross
•.
$499,848
*48,065
$633,564
1,200
$827,623
92,606
*108,007
$845,866"
railway-
82,812
from. railway-—.-- .;.,
*118,236
oper, income—
Net
15,000
$774,689
34,149
u—-
■
—.
6,000
16,000
Liabilities—Notes; payable,
$300,000;
accounts
payable, $821,553;
accrued : salaries ..and wages, $87,383; accrued Federal capital stock
;tax, $37,57,5; accrued Federal excise, State and local taxes, $7,197;
.'Accrued brpkerage, est., $22,376; accrued liability insurance, $4,293;
Federal and State taxes on income (less U. S. Treasury notes, tax
; series
C, applicable to payment of taxes, of $505,253), $2,084,748;
1941
1942
1943
1944
.
1942
$127,880
Pittsburgh & West Virginia Ryf—Earnings—
•
80,000
$107,656
13,299
—,
♦Deficit.
$2,134;886;
marketable securities,-$27,188; accounts
of $11,000), $1,757,369; inventories, $4,100,513;
land (Bloodsworth Island Game Preserve), $150,000;
cash surrender
value of life insurance, $119,400;' post-war refimd, of excess profits tax,
est., $80,000; "sundry accounts and advances, $58,006; notes and ac¬
counts, officers and employees, $10,503; property, plant and equipment
;(net), $2,188,137; deferred charges, $5,104; total, $10,631,105.
Pennsylvania-Reading Seashore Lines—Earnings
Net
356,000
—
preferred- stock*
receivable
railway
April-
r
2,060,000
200,000
railway™^
railway
oper. income—
ry.
From Jan. 1—
Net
1943
1944
from
from
Gross
Assets—Cash,
327,629,742 303,605,955 237,843,914 172,792,501
Net from railway——'—
81,261,487
86,340,316
63,299,523
45,729,176Net ry. oper. income—
29,728,495
30,666,606
23,671,629 ' 26,271,822
>~V. 159, p. 2236;
from
1445,325
.—a,
on
v
/.From Jan. 1—
Gross
(CD
,a——.
on
expenses.
6,025,764
12,108,143
11,721,988
6,817,728
$1,947,065
200,000
Net
Note—Depreciation charges'in the amount of $220,915 in 1944, $196,766* in 1943 and $199,068 in 1942 are included in the above costs and
1941
railway- $83,113,472 $82,787,598 $69,691,561 $42,472,767
21,957,312
27,650,591
23,659,579
11,624,847
railway—
from
$2,839,780
(CD—
tax
profit
profits tax.
from
Net ry. oper. income—
.
$1,803,258
143,807
Outstanding common shares...."...
Earnings per share
.i_.
$3,961,031
•Earnings of Company Only—
April—
150,282
tax-J—-—■
profits
excess
Dividends,
in
Gross
$2,689,498
.
—a—————™—
Dividends
*
Pennsylvania RR
*,
Credit for debt retirement
State
1044.
p.
———■——
(net).
income
Federal
$6.3R9 475
2,428,444
$5,712,679
1,429,770
—
from income——————
817,710
April
Gross
Net from
Total
'
Gross
profit
income
Net
Deductions
702,482
2,400,000
160,000
expenses
Federal normal income tax & surtax
$6,254,395
135,079
$5,545,409
167,271
1942
$2,620,968
$3,164,689
214,000
a.*
Net
Operating
Other
Post-war
_1——A
1943
$3,391,980
$3,202,708
Dr38,02Q
profit
Administrative and; selling
,
Net
Pittsburg & Shawmut RR.- -Earnings-
1944
$3,897,429
694,720
Years Ended March 31—
1944
1943'
12 Months Ended March 31"-—
$20,130,107 $18,744,784
Operating revenues —- •» U. ** — — — —»MM. — '
6,200,682
7,234,177
Operating expenses „——™»—j.'——959,252
1,148,860
Electricity purchased for resale™——a—
1,164,269
Maintenance '
~1-.——a
1,258,210
1,776,103
1,711,261
Prov. for retirement (deprec.) of fixed capital
3,992
Amort, of electric plant acquis. adjustments938,901
Federal ' income taxes———riw.-—.——'
1,675,399
214,623
62,509
Federal excess profits taxes—i
126,705
State income taxes——,—™——w———
234,486 V
Other taxes
1,194,954
1,170,704
;
—
2309
The
Pacific Fruit
Express Co. has awarded a contract for 500
refrigerator cars to Mt. Vernon Car Manufacturing Co:, Mt. Vernon,
111., a subsidiary of H. K. Porter Company, Inc., it was announced on
May 26.
'
; -
-
_
3,006,562
3,019,694
(Net from railway;-^—4
62,548
Net ry. oper. Income.^
*694,036
•Deficit.—V. 159, p. 1867.
.192,895
from
Gross
railway——-
«
*486,101
1,733,964
*261,829
i *806,547
2,233,532
*71,508
*
.
*714,105
*i:
.
The stockholders at .special
of
April
The
Pet
of
The latter company also assumes
•
1944—Month—1943
Ry.. oper. |revenues^:..-" $2,850,265
Maint of way & -struct.
310,268
1,210,437
43,699
42,179
174,241
;
787,714
96,909
3,732,578
434,350
3,214,931
106,209
$571,488
$1,062,559
' 983,877
$2,250,009
$3,621,588
552,280
2,210,521
2,083,720
$630,962
$1,688,094
$2,291,513
18,232.
94,435
76,855
.
$649,194
110,188 '
241,880
$1,782,529
542,844
$2,368,368
847,746
$327,299
3,376
$407,314
$1,239,685
$1,520,622
,3,635
13,598
14,072
$403,679
$1,226,087
$1,506,550
$501,571
$778,091
$1,986,503
r
Net rev. from ry. oper.
;
-
:
,
•
.
Total
:
income
$437,487
-•
,.
'
Vv
Pittsburgh Rys. (and Subs, and other Street Railway Subs; of
V/.•Philadelphia Company) ...'
2,772,436
"2e£j
•
Total
Net
Period End. March 3l—
1944—3 Mos.—1943
1944—12 Mos.—1943
Operating revenues
$17,106,151 $16,481,811 $62,103,756 $57,371,957
; tConsol. net income.—
♦ After
-
tirement
Total
fixed
charges...
5,818,462
17,896,766
17,402,404
3,179,802 * 7,989,460 ; - 8,013,748
: 3,130,100
operating expenses, maintenances, taxes, appropriation to re¬
and depletion reserves, amortization of leaseholds, etc. ' r*'
$.
*Xnd.
the
public,-ai)d other income deductions.—V. 159,' p. 1452.
v
;
inc.
profit
f
:
.
.
$1942
railway operations
accruals.-..™
tax
The
of
electric
^
ended
output
for
.
\
this ; company
kwh;,
or
8.7%
;
the
jover
-
corresponding
week of
last
"*
>-
Under the provisions of the company's scrip for $1 dividend prefer-.
common stock and for .common stock, the privilege of exchanging
such
for whole
scrip
1944.
As
shares of stock expires at 3 p.
it is officially announced.
as practicable after
m.
June 12,
on
>'■.
*
v
•
•
„
.
.
;'
Assets—
charges
General
Investments
V
receiv.
$4,405,492
44,587
$5,459,843
93,394
Interest
$4,360,906
$5,366,448
Balance Sheet,
•'• 1944-
1943
$2,926,525
.,™™
Other
dividends
current
Deferred
2,873,712
29,417
12,912
17,898
assets---^_^--:i—^^—_,—,v^_^—
^--^7
1,021,354
604,962
,
820,942
1,067,362
•Operation —1,100,954
All Fed, & local taxes.
545,220
Interest charges
552,781
Amort., etc., deductions
Cr32,558
1,087,488
;
,
338,236
551,494
33,793
"
$2,550,574
Liabilities—
avail,
for divs...
♦Includes retirement
$760,128
or
$749,399
538,828
653(177
Audited
109,159
24,768
$848,835' v $698,246
tdue
prior
,to
subsequent
April 30,
to
Aoril
30, 1945,. $900,000;
■
serial
1945,. $150,000;: consumers'"deposits;
-
notes
$22-909;'
other current liabilities, $36,445;
main- extension deposits,- $287,635;
.accrued taxes, $515,837; accrued interest-, $180,596;- dividends declared
$95,943; other accrued liabilities, $9,232; unamortizeds4)rfittiittmiott"dut-
; standing
funded debt,. $798,038-: reserves,4$3,938,379;,"capital surplus, •
$1,444,952;. corporate surplus,1 $2,544,301 ; totaly,
$32,999,,268^-7159,'
P> 1768- *
•
..
'
:
■
"•
^6:'imi
r u
liabilitv
current
liabilities-.
...
.
25
28,032
9,462,873
1,175,706
-
196,297
Unadjusted credits
39,950,796
3,732,406
37,769,495
ended March 31
112,500
' 159,859
138,300
$6,080
$5,526
1
■
•
'
of
Corp.—Sale
Preferred—A
represents 44.74% of the RKO preferred stock out¬
Atlas, however, will remain the biggest single stockholder
through ownership of 1,329,020 shares of the corpora¬
tion's common stock, or 46.26% of this issue.
Each share of preferred is convertible into eight shares of common
stock on or before April 11, 1947.
The preferred is callable at any
offering
standing.
■
time
at
$105
share.
a
Capitalization of the Corporation as of Dec. 31, 1943
1
Authorized Outstand'g
•
130,000
8,000,000
pfd. stock, cumul., $100 par.value (shares)
Common stock, $1 par value (■shares)-^-—a--'
6%
Option' warrants
118,480
2,873,053
'-2,559(573'
Aug. 4, 1942, the corporation borrowed $3,000,000 from
the unpaid balance of which at Dec. 31,
represented by a' promissory note amounting to $1,200,000, was
paid Jan. 3, 1944.
:
:
.
First National Bank, Boston,
43,182,500
*
285
61,660
503,244
1,424,243
177,712
25
31,275
9,778,793
1,297,418
164,043
37,019,018
2,818,933
38,694,176
;
,
Results
♦Net
income
of
of
Operations,
Calendar Years
1943
1942
1941
$3,196,481
$3,216,290
$1,224,265
subs.:
Exhibiting subs.
Producing & distrib-
■
Dr44.4,495 Drl,457,541
uting subsidiaries^- Cr4,972,879
Dr2,176,466
Combined subsidiaries
$8,169,359
$1,039,824
$779,771
tlncome of corporation
37,564
52,658
25,384
$8,206,923
$1,092,482
$805,155
■
1940
$642,319
".
Dr$8l5,222
'
11,07$
'1
income
Total
Corp.'s
(incl.
own
Fed.
—_—
Dr$804,l49
1
expenses
inc.
exc.
1,242,919
profits & other taxes)
356,241
266,462
184,838
*
Total—V.
;
•
due
•
unpaid-™.
Additions to, property through income & surplus
Profit and loss, balahee-l-_«_™»__-_:^_^_^™
Liabilities—Capital preferred stock $3,200,000; capital common stock,•
-$2,500,000;: first, mortgage b0ndfc 3y*% series -due ; 1971, $16.375,000;
notes
unpaid--™,.™--.—
matured
tax
2,661,027
145,351
Deferred, liabilities
4
•
and wages payable—™
accounts, payable—,-.—™
matured
Dividends
Accrued
/
accounts
Miscellaneous
Other
caoltal, $28,998,926; cash, $1,474,294; U. S. Govern¬
securities, $1,449,027; accounts receivable, $155,031; materials
and supplies, $125,480; - other current assets,
$207,132; prepayments,
$33,503; special deposits. $195; * unamortized discount, expense * and
call premium on retired bonds? $383,721; unamortized
expense 'on -out¬
standing funded debt, $157,092; undistributed debits, $14,867; .-total,
$32,999,268.
-
serial
285
Long Jierm :debtj-™^-_w,_-™u-61,655
Traffic-and car-service' balances (Cr)—_
938,122
Assets—Fixed
f
43,182,500
I-—
943,505
230,877
ment
"
'..'
capital stock__™_^J
194,957
depreciation..
Balance Sheet, April 80, 1944
on
'112,500
' 149,814
138,300
™™-^
profits taxes'—«.«. *.
1943,
stock
Premium
Interest
Bal.
quarter
:
excess
Note—On
139,304,570 135,153,324
Common
1941
2,749,767
1,057,988
and
507,185
92,510
assets
$19,298
121,645,
of RKO securities
1,548,311
2,432,243
receivable
$1,057,681
,-f
57,337 shares of 6% cumulative preferred stock
($100 par), representing the preferred stock of the com¬
pany held by the Atlas Corp., was offered June 1 by a
banking group headed by Lehman Brothers and Gold¬
man, Sachs & Co. The stock was priced at $91.25 a share.
The
560,831
1,562,553
agents & conductors
receivable^™__w--™
$1,142,091
615,586
block of
$
115,362,583 115,483.585
4,894.242
1,692,847
11,450,000
129,450
Unadjusted debits
.
1942
$2,760,411
depreciation
Surplus for quarter
■—V. 159, p. 975.
1942
$
Total
revenues
income
for
1943
1944
"
■
™^.«.,.
120,365
for
for
Dividend
Dec. 31
^
i
77,563
'
Philadelphia Suburban Water Co.—Earnings
*
March 31—
charges
Prov.
$6,147,703
suppiies_____„___.x._—:
and
next, $148,600
Co., trustee, 100 Broadway, New York, N, Y.
_„___.™———™*__™,
Provision
$6,225,266
from
accounts
Material, and
into whole shares of stock
present their scrip for exchange at the company's transfer
office before 3 p. m., June 12, 1944,-^-V. 159, p. 2236;
;
12 Mos, Ended Apr. 30—
York Trust
reyenue
Fixed
$7,962,028
1,736,760
2,248,876
„
balance
Called—
Quebec Power Co.—Earnings—
471,012
Temporary pash investments-,.™^^™
12,235,000
Special deposits
-™—u._™__—57,994
should
Gross
New
3 Months Ended
$7,491,014
$7,708,719
Cash
Net
1537.
p.
159. p. 1697.
Operation, taxes and other expenses™
.
.
The
Gross
71,402
$7,378,279
330,440
—...—
Miscellaneous
158,
$2,866,219
4,553,393
1943
,:.
.
:
Condensed
;
7;,
12
Holders who desire to convert their scrip
•
total, $6,440,854.—V.
$1,750,619
5,421,770
205,891
-
•Dividends paid
$4,318,250
$4,750,075
$5,181,900
•'
$232.65 miles Operated.
$232.07 miles operated.
§228.65 miles oper¬
ated.
*10% in 1943, 11% in 1942-and 127® in 1941, charged to accumu¬
lated surplus.
flLpss. .
June
$968,392;
Radio-Keith-Orpheum
-
the number of shares of $1dividend preference common stock and common stock represented by ■
the total scrip outstanding at the expiration date wil1 be sold, arid
thereafter, upon surrender of the scrip at the company's transfer Office,
900 Sansom St.,- Philadelphia, Pa., the bearers of such scrip will be
entitled to receive their pro rata share of the net:proceeds of such sale"
and of an amount equal to dividends which have been paid or are pay¬
able to stockholders of record as of a date prior to- such sale, all in
accordance with the provisions of such scrip.
After 3 p. m. oh June 12,
1944. the bearers of such scrip will be entitled to no other rights in
respect thereof.
■
'■
: V; vv
soon
income™
Net inc.. transf. to profit and loss
:
31, 1943
—V.
,
ence
1
deductions", from
28,304
5,318,208
$6,247,480
1,841,988
Fixed charges
^7.
Exchange Privilege Expires June 12, 1944. :
income
Incorhe available for fixed
and its subsidiaries for the
:
$234,565
$8,184,426
\"
1944, amounted to 125,309,000 kwh., an increase
May. 27,
10,002,000
year,
.
Total
1
Miscell.
week
$233,821
8,645,961
8,565,548
...
'
r
$154,094
—
its
at
from
rev.
u
21,859,604
•
'
$289,112
55,291
$262,869
50,348
23,748,039
26,581,235
-
Philadelphia Electric Co.—Weekly Output—
$204,442
$257,876
4,993
f
$8,227,807 $10,396,580
Railway'operating Axpenses™__.i_
Railway
14522;%t..-'--".Vv
23,834
956,869
'
outstanding 15-year 5% debentures due Jan. l, 1951, out of
moneys in the sinking fund, at par and int.
Payment-will be made
-
;*
income
of
.
bonds.—V. 159, p.
$265,278
12,937
$1,214,745
"
"
The corporation has called for redemption as of July 1,
tl941
$34,809,042 $34,144,619 $30,044,031
The company has called for redemption as of July 1, 1944, for
Railway 'operating income.™..;.
tf$337,741
account of the sinking fund, a total of $58,000 of its outstanding- 4'/4%
Equipment rents, net -(Cr)_i______ - - 5,758,892vc011ateral tfust sinking fund bonds, due July 1, 1961, at 102 V* and int. ;
; Joint facility rents, net (Cr)___
:
452,074
Payment will be made at the First National- Bank of the City of New
'York, trustee,'2 Wall St.,'New YorkV N. Y.
V
Net railway; operating income—
$5,873,225
'Holderk of the called bonds May obtain immediately the redemption >1
•'Other income
374,255
<
price plus * accrued interest to July 1', 1944, upon surrender of ; said t
.
$191,505
1,101,534-
Pressed Steel Car Co., Inc.—Debentures
Incoihe Account, for Calendar Years
Railway operating revenues...:..™
'
$1,366,812
charges
surplus,
!•:'
s taxes-; r
;
/
1941
1942
$1,428,700
1,237,196
Liabilities—Common stock (par $100), $1,800,000; long-term debt,
$1,400,000; owing to International Telephone and Telegraph Corpora¬
tion, $329,717; deferred liabilities and deferred income, $141,958; longterm debt, maturing within, one year, $100,000; accounts and wages
payable, $33,414; amount due to International Standard Electric Corp.,
an affiliated company
(less advance payments in connection with pur¬
chases of equipment of $115,291), $98,986; taxes accrued, $121,608;
interest accrued, $22,500; reserve for depreciation, $1,424,279; earned
and
§1943
'
Net
Calls $58,000 of Bonds—
Fed.
excess
:
;
cars
1943
expenses——
Balance Sheet, Dec.
*
„
Eastern Illinois
with the Mt.
&
'
Assets—Plant, property, equipment, etc., including intangibles, $5,«
677,566;
miscellaneous
investments, $1,500;
special deposits,
$461;
deferred charges, $99,160; amount due from affiliated company, $16,759; cash in banks and on hand, $126,838; accounts receivable (in¬
cluding Federal, insular and municipal government accounts of $139,268), $298,332; reserve for uncollectible accounts, Cf$13,934; materials
and supplies, $234,173; total, $6,440,854,
'
tAfter deductions for all interest charges, amortization of debt dis¬
count and expense, appropriation to. reserve for payments made by .•Philadelphia Co. under guarantees and not returned to Philadelphia
Co. and subsidiaries Consolidated, appropriation to reserve for revalua-< tion
of assets,
dividends on • capital stocks- of subsidiaries - held by
Chicago
steel hopper
Co.--Annual Report—
revenues———
3,413,795
•
•
5,688,561
the
200
net earnings——.
Interest
392,385
:
■'r\
revenues™, r
for
1151.
p.
$2,640,427
expanses
■
*Net oper.
159,
162,790
881,418
$323,923
f
: rents'
J
3,330,222
Transportation V,( rail)_-.
,
merger
Philadelphia Co. & Subs.) —Earnings—
order
an
that
Net earnings from operations——
Sundry earning^ _«
1,011,084
3,642,509
937,183
of
Traffic'
The
Excl.
placed
concern.—V.
operating
operating
Total
1944—4 Mos.—1943
277,404
836,206
equipment.-.
\ Maint.
♦Railway tax accruals.
700,008
preferred stock. ■
■
.v
; Equip, and joint facilmerger also was approved by Van
Gamp stockholders at a
>
545,544
{
ity
(Cr)
meeting on May 24?
.v./,:.;
i
At Sept; 30,: 1943, Van Camp had outstanding 11,545 shares of mD
Net ry. oper. income. ,B $417,024
par value preferred stock and 75,000 shares of $1 par value common
; Other
income
; r:
20,463
•Stock.—V. 159,
pi.;-2p88^-r.'-irVl-:*;
.
Total
3,102,971 $11,444,124 $11,733,000
—
second
."
announced
was
Porto Rico Telephone
2365.
p.
Other
liabilities in accord¬
terms. ■ >.
v-■:
\[
Officials of Pet Milk explained that the present corporate organiza¬
tion of Pet Milk Co, would not be changed except by issuance of
the
Period Ertd. April 36—
;
29,000 shares will be exchanged for present "Van .'Camp -:
The effect of the merger will be to vest all Van damp, assetsx
with
ance
158,
*
'
which
'stock.
$10,631,105.—V.
Pittsburgh: & Lake Erie RR.—Earnings—
;,:
•■
plan provides fbr authorization of 30,000 shares of new
414 % cumulative second preferred stock, par value $100,
-in Pet Milk Co.
total,
has
Co.
Vernon
it
1
June
Calendar Years—
//"''■
•
RR.
r.;
on May 25 approved-merger of:•;
Ittd., with Pet' Milk Cb., effective-. ,
..v-'/
this year.
1
merger
Milk Co.
■
meeting1
4Van Camp 'Milk Co." of Fort Wayne,
as
•>.
On
income of prior years (including excess
withheld on the return for the year ended
on
profit's tax of $345,29;6
March 31, 1943), $438,564; 5J/4% cumulative preferred stock (par $100),
$651,000; common (475,000 no par shares), $1,930,100; surplus, $4,246,317;
Approved—
Pet Milk Co.—Merger
;
for,additional taxes
reserve
139,304,570 135,153,324
159, p. 1801.
s
Pittsburg Shawmut & Northern RR.- -Earnings•
from railway,™
Net- from-
Net-ry.
:
Consol.
Gross
Net
Net
'
-
from
ry.
railway.--^
>
railway-.^'™.-" "
oper.
♦Deficit,
income^
■
V. 159, p. 1801.
442,460
36,773
*14,372
$44,218
33,712
-20,128
36,529
*17,248
20,083
♦27,800
519,093
430,881
115,188
115,143
143,428
62,341
53,793
85,481
-
-
.
from-
$138,214
$128,647
^*4^224 <-.*
*17,034
-
1941
493,104.
$95,311;
k
railway^-'':
income^
oper:
-From Jan. 1^—
1942
1943
'
,
■"
$538,693. Dr$988,987
464,798
231,017
$736,241
income,.
$6,964,005,
Dr 51,508
Dr95,929
net income—
$6,912,497
$640,312
net
tAdjustments
April—1944
Gross
Consol,
;
$1,003,491
^)r$757,970
interest to corporation, tOther than interest
and dividends from consolidated subsidiaries and inter-company'profit
on a subsidiary company's preferred stock included above.,
tAffecting
charges-anti credits previously made to profit and loss, together with,
certain additional charges which were not definitely determinable at
the close of the respective accounting periods.
The corporation, in estimating its Federal.taxes consolidated for the
♦Before inter-company
year
1943,
has taken
advantage of certain excess profits tax credit
which latter will not be available to it in
carry-overs from prior years,
It
years.
excess
the consolidated
.
amounts
requirements
declared
four
the
of
each
in
summary of profit and loss
included in the
years
follows:
were as
above
\
1943
Dividend
Amounts
1940
$769,020
'256,340
$769,020
——_
1939 in Dela¬
reorganization
Business—Corporation was organized in
company provided for by the plan of
and
the
1941
$769,020
2,633,300
declared
History
1942
$756,165
requirements-
ware
as
of
'
Richmond
corporation's predecessor, Radio-Keith-Orpheum Corp. (Md.).
to substantially all the assets and-properties then included in
new
Jan.
v
corporation was vested in the corporation
of Jan. T, 1940.
•
•
; •'-i
•
the estate of the predecessor
engaged in the production, distribution and
are
and
V'Underwriters—-The
number
■
< <■ ''
Shares
:
.'Lehman Brothers
follows:
as
■
Goldman. Sachs & Co.— 4,500
& Co.2,000
&
Blair
(Emanuel & Co
Depreciation
2,000
Traffic
Smith,
Stein
Weeks——
&
500
Other
l,50o
1,500
Wertheim & Co
White, Weld & Co
„_
-Federal
Sheet, Dec, 31,
(less
receivable
reserve
of $242,046),
$1,279,352;
Other
fixed
Provision
Excess
for normal
tax
paid
and
surtax
charges—________
charges——
of
expense
$1,027,239
funded debt—m¬
on
4,400 "
——-
75,000
pension fund-
employees'
to
stock
dividends
i
:
102,717
240,700
of
323,426
527,000
1,406,455
12,224
13,001
held
in
charges.,
hands
provision
of
public.
made
was
for
period because the companies
liable in that respect.
above
figures
subject
are
Cf the calendar year.—V.
$1,557,404
— —
at
that time to be
•
audit
and
other investments
•Plant and
profits tax in the
excess
Other
800,736
•
•
adjustment" at
the
Materials and supplies
end
in
Assets
159, p. 2122.
Deferred
of
335,124
78,006
1,750
279,019
—
special funds—
refund
Post-war
Fed.
y-
:
profits tax—_
excess
—1——————
charges
•
in
and
-
Total
Detroit
Steel Corp.,
above.—-V. 159, p. 2123.
Rensselaer & Saratoga RR.—Merger Planned—
See Delaware & Hudson
RR.
Seoond
Common
Corp., above.—V. 158, p. 2474,
5%
cumu.
stock
Reynolds Metals Co.
Net
sales
Profits
income
Net
1942
taxes
12,233,638
5,815,592
3,658,950
1,373,592
$3.30
—_—______
$1.07
per com. share
Assets—,
Cash.
.
Treasury
♦Notes
1943
1942
$6,691,970
and
certificates—
accounts
receivable
16,448,722
21,878,925
assets
1,877,898
3,522,307
—_
1,185,582
34,619,032
2,059,004
2,094,394
by U. S.
other
Purchase
money
681,519
1,913,555
$90,904,858 $78,580,429
Common
Capital
interest,
in
124,725
1,938.008
36,757,717
dismantlement
and
447,713
625,053
$100)
I—I
in
for
in
1943
1943
after deducti«S
~
amortization.
5,000,000
8,980,608
11,720,168
9,092,431
in 1943 and $196,436 in
unamortization,
and
$6,683,354
in
1942.
depreciation
and
1942.
and
$351,495 in
1942
for
patents,
reserve of $336,077 in 1943 and $320,729
reserve of $360,512 in 1943 and $108,256 in 1942.
£uSr'mfnf amifato.11 1943
,479'2" ln 1942 t0
deducting U. S. tax anticipation notes, series C, of $1,968,473
In 1943.—V.
Treasurer,
159, p.
1801.
on
May
••-
,
19
300,000
April
and
Year
to
Date
1943
1942
1941
$8,619,328
$6,180,066
$4,347,529
2,531,929
3,1997942
1,930,191
954,937
income__
1,144,631
2,006,231
1,200,268
640,163
36,416,798
33,444,819
22,704,486
17,416,785
10,409,066
11,878,877
6,192,576
4,225,577
5,155,686
7,569,119
4,769,917
3,124,860
railway
income—
V
1901.
p.
April—
San Francisco
;
ry.
Texas
Ry.—Earnings—
1943
1942
$431,040
$232,308
$151,
145,134
railway—.
railway—
oper,
&
1944 y
$328,532
"
from
Net
225,000
1,839,717
Gross
159,
p.
2123.
.
.
from
Net
y
244,141
83,401
49,
123,880
47,943
15,
income— y
from
ry.
31,087
announced -that
railway—
railway——
oper,
■
,
the
1,386,810
194
1,444,233
756,193
541,627
661,475
752,300
225,964
128,564
162,382
•
income—
♦Deficit.—V.
361,935
83,985
*3,899
1901.
159, p.
San Antonio Uvalde
April—
Gross
& Oulf
RR.—Earnings-
1944
1943
1942
1941
$265,930
,y;:■
railway
...
from
$258,244
$132,302
$131,261
.
Net
from railway—lyy yy
Net
yyyV/y-y;
;y-:
Earnings—
ry,
62,443
80,002'
9,839
22,15'
*32,701
/ *12,25'
526,112
431,06:
"
Gross
railway.—
1943 ;
oper,
54,742
83,276
38,073
67,952
income..
V
1,448,692
11,332
46,206
862,710
809,959
10,384
214,896
31,964
35,64'
•
♦213,921
1901.
36,896
*136,256
♦91,211
:
•
-
149,174
1,331,133
219,642
*65,753
77,064
153,350
*18,911
income—
Gross
from
from
Net
ry.
railway
railway.
income—
oper.
♦Deficit.
V.
159.
p.
1944
from
Net Trom
Net
ry.
railway—
Period End. May 20—
,
52,819
Sales
$1,844,184
'
1942
There
1941
$1,559,444' $1,042,262
•total
$794,834
102V2
Net
from
Net
ry.
971,559
490,551
366,935
Morgan
283,415
280,795
341,443
280,358
V.
6,983,476
6,017,412
4,320,393
3,036,371
3,647,377
3,695,628
2,058,232
1,341,930
961,276
1,150,495
1,449,952
963,637
—V.
railway
railway
oper.
income—
'
Francisco Ry.—Annual
revenues
314%
Payment
will
Incorporated, trustee,
Seaboard Air Line
$988,000 of Bondsredemption
as
debentures
due
be
23
made
at
of July
Julv
the
Wall St.,
1,
1,
1944,
1950,
office
of
New York,
J.
N.
a
at
P.
Y.—
Ry.—Earnings—
1944
from
railway
1943
$12,178,238 $12,313,202
1942
1941
$8,399,440
$5,048,853
Net from railway
4,867,889
5,923,419
3,330,984
1,155,399
1,936,609
3,845,990
2,567,999
654,310
48,268,590
30,032,652
21,109,874
oper.
ry.
was
income—
From Jan. 1—
.Gross
from
Net
from
Net
trustees.
report showed a total of 9,264,943,459 ton-miles of freight
Co.
10-year
for
Net
Report-
for 1943 showed an increase of $22,882,146
over
the previous year to establish a record all-time' high, according
to the annual report issued by J. M. Kurn and Frank A. Thompson,
The
interest.
called
157, p. 2052.
Gross
,
St. Louis-San
&
called
of
April—
159, p. 1900.
operating
•
"•
,
been
$988,000
and
1,017,277
*
have
of
income—
from
1944—4 Wks.—1943
1944—20 Wks.—1943 '
$52,208,469 $44,026,960 $243,087,643 $219,427,126
159, p. 1868.
Scovill Mfg. Co.—To Retire
Ry.—Earnings-
1943
From Jan. 1—
Gross
—
—V.
railway———
oper.
159, p.
2237.
April—
Gross
:
income..
V.
y
Safeway Stores, Inc.—Sales Continue Higher—
From Jan. 1—
Net
railway
oper.
<1
:
y
railway—/
♦Deficit.
1,139,736
30,433
ry.
-
18,172
1,537,515
from
Net
32,659
2,817
from
Net
1941
$296,586
/
26,313
railway.——
oper.
1942
$355,563
•
$396,674
$493,013
St. Louis Brownsville & Mexico
5,000.000
$90,904,858 $78,580,429
reserves
$316,104
JAfter deducting
**After
86,125
8,980,608
$12,702,649
*
V.
obs~oles~
operating reserves
preferred stock (par
83,917,824 101,659.738
for
railway—
from
39,631,151
and
conv.
deducting
info',
1942 for
68,750
I—
notes
♦After deducting reserve of
$259,381
i
4,961,224
3,130,659
mortgage
_________
^Including
ry.
68.750
surplus
TAfter
Net
**8,069,113
income—.
on
54,473,855
$9,166,137
oper
Net
$28,650,631 $27,550,463
1944
from
644,518
2,090,823
stock.
64,990,932
.'
4,871,739
768,792
3,525,331
stock
deplet-on of
■
Rutland RR.
9,531,283
J
825,687
96,519,726 103,373,658
„_
From Jan. 1—
from
debt
etc.,
Total
Linder,
M.
158, p. 294.
Net
etc..
debt
cumul.
V.
$590,000
etc.—
contracts.!
3,123", 420
—488,0X7
railway.——
159,
Gross
1944, should be detached and collected-in the'usual manner.—
$2,780,000
y
funded
conting.,
SVa7r
taxes
preferred
Reserves for plant
i
on
compensation,
on
Funded
Govt,
y
175,269
.
1,961,222
—
April—
payable to banks—.
payable for purch,, expenses,
Dividend
Other
'.V
__:
-
Frederick
Gross
(subs.)
taxes,
207,124
plant_:
telephone
reserved
95,228
7,212,946
corporation will redeem on July 1, next, $303,000 of its outstanding 57o
sinking- fund debentures due July 1, 1950,; at 104, at the Lawyers
Trust Co.,
trustee, 111 Broadway, New York, N. Y.
.Coupons due
July 1,
Liabilities-
and
reserve
8,730
12,376,324
_____
(deficit)—
St. Louis
163,487
113,180
credits—
20.268
—;' •><v
463,356
169,774
service—
deferred
2.405
12,140
accrued__,
accrued—
railway—
from
ry
—V.
87,104
7,749,082
and
332.824
878.836
2,313
1944
from
Net
(Jacob) Ruppert—To Retire $363,000 of Debentures—
3,280,614
2,104,147
2,357,200
Total
.
telephone
for
yy
667,303
——
—
.26,929
Gross
Net
937,913
32,459^409
501,263
charges
Advanced
573,624
—
♦Including Rochester Telephone Realty Corp.—V,
100,000
!
.
liability—.—
liabilities.—'—
oper.
Net
methods
Federal
due
not
Total
ex¬
tProperty, plant and equipment
tGoodwill, trade-marks, patents, licenses, etc.—
tlDevelop. of products, plants and processing
Accrued
Surplus
1,352,870
613,731
■
reserves
of
8,102,325
.
Unappropriated surplus
16,129,498
—
increase, under contract, etc.—
U. S. tax anticipation notes
Subsidiary and affiliated companies—_____
§ Accounts
billing
10,9467346
penditures,
Notes
*
716,880
1,485,038
—_
unpaid—
From Jan. 1—
(net)_________
Claimable from U. S. Government for plant
Deferred
y
ry.
8,224,097
l
payable
.
From Jan. 1—
*22,826
25,055
—
Inventories
Other
•
Net
22,826
i-J.— v
etc
liabilities
Contributions
"
100,000
5,000,000
—
declared
Miscellaneous
payable
wages
65,543,226
'"y. v 900
39,157,400
269,712,460 279,360,892
5,270,292
4,822,676
unpaid
Earnings
from
from
————
$10)
;
stock__'__—^
payable
.Depreciation
$7,670,927
.
.
and
>
482,366,555 460,256,309
Net
1,352,870
debt,
Advance
2,428,277
$2.10
(par
capital
Accrued
4,045,044
$2.53
900
liabilities..—
4,814,000
(par $100)
payable
Accounts
Dividends
2,867,674
Sheet, Dec. 31
on
Notes
5,346,574"
yy'
stock
Long-term
y
profit
S.
y
v
-
1940
on
Consolidated Balance
U.
f
1941
______$138,055,349 $86,068,181 $48,602,557 $29,157,971
before
Earnings
(& Subs.)—Earnings—
1943
$100)
(par
Common
Premium
Calendar Years—
pfd. (partic.) stk.
4,697,366
49,157,400
Total
Gross
>"■
65,543,226
—
Unadjusted credits
$2,282,600
$2,282,600
—
73,331
A_„
April—
(par $100)
preferred stock
4.635
.
:
accounts
loss
■V
609,687
7,511,403
—
matured
and
890,271
3,495.953
4,598,036
,
482.366,555 460,256,309
—"
matured
$28,650,631 $27,550,463
—
cumulative
33,616
current
Profit
1,005,252
.102,241
debt
tax
42,278
4,021,783
4,837,813
;___
6$<_—_—^
rents
Liabilities—
First
agents and conductors
receivable
series
interest
\
1,997,676
receivable
"
accounts
Accrued
" 78,006
251,204
"*
stock.
Deferred
397,032
•
1,667,706
4,580,026
(Br)__
;
Unmatured
778,915
'
balances
stock
stock,
Other
17,541,118
2,425,464
150,864
Unmatured
:
20,336,617
8,437,278
investments:
—
Interest
'■
3,317,571
assets—.
Miscellaneous
y'
%
•
3,092,959
_______________
_______
dividends
Preferred
Audited
$
debit?
Long-term
31
1942
debits
Liabilities—
826,603
Dec.
property——— 425,831,238 421,320,680
supplies—
Preferred
.
12,681,030
$12,145,509 $14,767,239 -"$223,663
-
__
accounts
current
Common
.
12,503,006
■
car-service
Reliance Steel Corp.—Consolidation Ratified—
Bee
11,903,639
——
transportation
and
Dividends
•
1.
Total,
31
.•„•:'
receivable
accounts
$12,457,367
v•y-.:yi\yy
.
Unadjusted
1-
'
Temporary cash investments
350,000 <'
ICash and special deposits_____„^__1,261,183 y
Notes and
interest— $24,049,148 $27,270,245
for
y
and
Material
yy;1943 :' y:"'-. 1942
•<
$25,544,812 $25,218,705
Assets—
^
,
Federal
did not appear
to
$1,925,819
26.043
charge-obligations
surplus
Miscellaneous
5,000
August, 1943, the owners of the majority (665 shares) of the then
outstanding common stock ($100 par) acquired the-minority, interest
f(335 shares) owned by the New York Telephone Co.,. together with the
entire outstanding amount of the second cumulative 5%. preferred stock
.(48,140 shares. $100 par) also owned by the New York Telephone Co.
These 49,140 shares of second preferred and common stocks were then
reclassified as 500,000 shares of common stock' (par $10), $86,000 hav¬
ing been transferred from surplus to the capital stock account to com¬
plete the operation.
The reclassification wasapproved by, the Public
•Service Commission by its order dated Dec. 28, 1943_ .,':<V.
Balance Sheet, Dec.
143,850
investments.
Interest
"
103,659,;',
$3,495
;
Net balance receiv. from
240,700
in'1942 charged-to'cohstrud-
Capitalization
Capitalization
in
in
Change
charges___
debits—
•
Deferred
fHians-e
$24,263,477 $27,465,797 $12,550,931
38,020
1
42,694
' 58,449
9,154
•
9,007
9,073
y
Traffic
77,038
In
$3,668,701
subs.—
a
income
•
Temporary cash
Special deposits
deducting post-war reiuna oi 51, /ou.
ducting posc-war refund of $1,750.1
tExcluding $.9,374 in 1943 and $12,340
g
223,775
accruals—_L_
fixed
Assets—
Other
.
37,092
•
5,000
——
—
Crl80,8l5
186,485
available
on
Investment
$631,102
.
6 ¥2%
pfd.
4,278,045
.210,679
Consolidated General Balance Sheet
I'''
<', .y-'
■,.■'*
...•y
y
tion.
.
Apr. 3, '43
(est.)—
stock
tax
income
y
:
4,400
75,000
.
$707,784
-
5,405,514
693,962
income
Balance,
210,593210,593
99,959
103,830
V 2,314
' 2,314
—.———
charges
cumul.
♦After
2,304,000
pfd.
1.943
The
.: 4,908
$1,100,050
(net)—_—
5,046.53
14,349,750
.
Balance
.
Apr. 1, *44
(est.)
1%
on
after all
stock
Note—No
13,406
y y,
1941
4,998.74
;
(net)—, 191,912
(net)——
$1,032,147
•
^
1942
-
operating income— $24,022,886 $27,273,921 $12,297,655
non-operating incomc_.—240,592
191,876
253,276
Delayed
98,246
567,444
684,235 v'
1943
revenues—^—$112,961,746 $90,079,600 $61,835,203
:
73,703,238
57,003,000
45,216,544
rents
Miscellaneous
$1,113,455
v
railway
Gross
t-
•
Net profit
♦On
Net
Total
015,750 "X'
•.
Account, Years Ended Dec. 31
accruals
330,123
——!
income
approp.
Common
318,256
profits
tax
Miscellaneous
< 109,124
a
aiter
operated—4,945.87
equipment
facility
74,200
.——i--_:';y
♦Consolidated
r
Joint
653,214
348,527
$59,046
taxes.
operating., revenue-^—— $39,258,508 $33,076,600 $16,518,659
of
$2,271,092;.' $2,027,960
stock dividends—,
First cumul. pfd. 4V2 %
Series A stock divs.__
Second cumul. pfd. 5% stock divs.__——
»
Ended
Depreciation
"'Dividend
73,829
income
First
$4,718,884
:
•
Hire
433,632
707,718
revenues—
tax
income
interest
Surplus
*
operations
Net
Railway
1,320,607
-•
of
income
operating expenses
;
deferred charges, $1,302,485; total, $79,278,573.
banks (instalments maturing within one
year) $360,177; accounts payable, $3,217,655; accounts payable to sub¬
sidiary companies not consolidated operating in foreign territories,
$116,137; accounts payable to affiliated companies not consolidated,
$12,205; accrued expenses, $7,907,867; dividends payable on preferred
stocks,
$2,026,433;
mortgage instalments payable
within one year,
$367,744; funded debt. $18,186,841; other liabilities, $2,861,372; deferred
Income, $371,288;reserves for taxes and contingencies, $3,136,873;
general reserve, $4,157,273; capital stock of subsidiary company in the
hands of the public, $705,202; G'/o
preferred stock (par $100), $11,'848,000; common stock (par $1), $2,873,053; • capital surplus, $16;121,043; earned surplus, $5,009,410; total, $79,278,573.-
■
1,449,110
■
:
—
Amortization
Liabilities—Notes payable to
from
mileage
operating
:
1,063,308
.'651,146
interest
Net
Profit
;
'
wholly-owned sub¬
provision of $54,634
Transportation. Co.,
surplus
a
,
,
available for fixed
Income
$34,589,853),
$36,456,369;
intangible
assets .(less' amortization' of
$849,906), $3,734,566; investments (less reserve of $359,160), $3,284,977;
13 "Weeks
Frisco
In
Consolidated Income
.
,
♦Deficit.
>'
advances to
other
(Including Subs.)
the
estimated
for
'
::
1942
.
all claims of the Recon¬
of
report added, the bondholders protective
plan of reorganization with the Interstate
;,y" 'y:. " 'y'v./'• yvv'■
Total
669,265
excess profits tax
security taxes
Non-operating
Bond
Earnings
of
resulted
made
'Average
C
440,419
,-m
operating
V'/"'
'
more
the
new
a
Commission.' :
Operations
sidiary,
1944,
16,
filed
"Commerce
Interest
producers and advance rayolties (less reserve of $27,789),
$844,012; indebtedness of affiliated companies, $125,169; inventories,
$13,516,789;
capital-assets
(less
amortization and depreciation of
other assets, $1,067,885;
Feb.
J
1,084,246
.—,
rents
taxes
Net
outside
,
:: •/..'
r.
1943
Assets—Cash, $15,400,740; United States Treasury notes, tax series,
and war savings bonds, at cost or current redemption value, $2,176,140;
Canadian Government securities, at cost, $90,090; mortgage, notes and
accounts
/
settlement' wa^ made
compromise
On
$6,224,067
expense
income
tSocial
Other
Balance
Consolidated
A
•committees
;
$6,695,680
—,
expenses
operating
Federal
3,200
Hutton & Co
V
struction Finance Corporation and Railroad Credit Corporatism, includ¬
ing loans, totaling $8,497,432 plus accrued interest, for $5,804,575 cash,
the report said.
1
Rentals
•
W. E.
1943
V
expenses
Net
a
1,000
new
.
[
1,000
___
Tucker, Anthony & Co
2,500
Operating
Boyce___—1,000
11
than the year's accruals.
At the
'same time $1,151,000 principal and $108,917 interest on equipment
"trust obligations matured and were paid, purchased or provided for
by cash deposits, the report said.
;;
y'
was
Subs.)—^Earnings—
expenses
Commercial
& Co.______ 3,200
Barney
Bros.
Swiss American Corp
.Hayden, Stone & Co
1,000
Hemphill, Noyes & Co.__._-_ 1,500
&
Co
500
2,737
Hallgarten & Co.__
Hornblower
&
1,500
Stieglitz—,—
&
1,500
Shields
I. M. Simon & Co._________
and
During 1943 partial payments of past due Interest on bonds totaled
RR.—Earnings
'//; <;<;•
revenues—
maintenance
L. F. Rothschild & Co.,,
1,000
.—__
Graham. Parsons & Co
.Halle
operating
Current
Co.1,500
(&
y
Dbc. 31-
Years Ended
Total
1,500
Reynolds
Dominick_—1,500
&
&
'
&
—____
1,000
Boettcher & Co.—:
Domlnick
—
;
■
$16,047,378,' being. $4,177,643
.
158, p. 2259.
Rochester Telephone Corp.
3,200
Inc.,.
Blyth & Co.,
,
Curtis
for
pay
$5,000,000.
Total
1,000
Jackson
Webber,
Paine,
1,500
Inc.
Co.,
of 1929
non-operating employees.
Wage and salary increases,
vacation and payroll taxes for 1944 were estimated at
and
..with
26 declared a dividend, of 60 cents per. share
payable June 21 to holders of record. June .14.
disbursed on June 21 and Dec. 21, last year, and on
was
locomotives
freight
steam
•
stock,
.July 20. and Dec. 21, 1942.—V.
2„000
P. S. Moseley & Co.,
Bacon, Whipple & Co—1.900
A. G. Becker & Co., Inc.___ 2*500
amount
of .lo: new
purchase
.^operating
May
on
common
A like
1,000
1,500
,
Laurence M. Marks & Co.
-Allen
the
last pre-depression year
the
to
.
Riverside Metal Co.—60-Cent Distribution—
on
./y
Shares
'("/•'./;'" ■'
"
Potomac
&
\
The directors
,
■
Johnston, Lemon & Co.
Kidder, Peabody & Co._
4,500
—
.--•.>'• r
and the respective
each has severally
of the underwriters
preferred stock which
6%
are
'■.•Cash
—
exhibition of
v/
y
names
of
shares
of
agreed to purchase,
V,."
■'
.
Fredericksburg
.
..
compared
as
;Diesel switching engines was revealed.
During the year, the report
:added, "the 'Frisco paid.a total of $3,044,000 in wage increases to both
,
of theatres and in related real estate
pictures, in the operation
other enterprises.
motion
I
_
general
sidiaries
April—
1943
when 5,269,218,630" was., handled.
A -total of 1,036,139)935 passenger
miles was reported for J.943 .compared, to.the 1929 figure of 323,719,112.
,
26,-1940, but effective as
character of the business done by the corporation is
'that of a holding company, including the financing of the requirements
of subsidiaries and otherwise furthering their interests.
These sub¬
The
,
1943
:
1942 ; ;X1941 <'
.1944 : ,'*
•Gross from railway-™
$3,094,321
$2,199,997.. $1,175,663
$3,387,093
1,830,298 .1 1,230,775 > y* 452,524
Net from railway——
1,946,598
302,392
/,/ 522,377 ...; 253,947
Net ry. oper. income—
320,307
t.
From Jan: L—: y/:/,/•,. * -1 y,
12,112,634
7,590,405' 4,563,898
Gross from railway——
13,028,011
,Net from railway—
7,254,921
,3,910,317
1,774,168
7,313,414
Net ry. oper. income__
1,404,024 . 1,607,722
900,957
1,188,410
—V. 159, p. 1868.
; ;y ;/<.;V, v.-;■;<;//.; -y-
the
:Title
•
,
and the
stock
preferred
6%
the
on
in
handled
<
„
The company has purchased'a large stock interest in one of the coun¬
try's leading helicopter, companies, the Platt-LePa'gei Aircraft* Co" of
Eddystone, Pa.
This was announced on May 29 by 'R. S. Rheem and
W. Laurence LePage, Presidents of the respective companies.'' By ar¬
rangement with other large stockholders, i, the Rheem-- company will
take an active part in the management of ? Platt-LePage. y Rheem is
also licensed to use the patents and designs of Piatt LePage. 'y This
affiliation makes it possible for both companies to produce helicopters
in substantial number for military purposes-during the war and for
commercial and private uses following the war.—V. 159, p. 2123.
•
net
The1' dividend
Mfg. Co.—Enters Helicopter Field— i;
Rheem
is estimated by the corporation that, had such
profits tax credit carry-overs not been available,
income for 1943, after provisions for taxes om an
unconsolidated basis, would have 'been approximately $2,000,000 less
than as shown in the foregoing summary.
succeeding
consolidated
on
Monday; June 5, 1944
THE COMMERCIAL & FINANCIAL CHRONICLE
2310
ry.
railway
—V. 159,
;
railway
oper.
p.
income—
2123.,
49,273,285
19,933,742
22,667,365
9,725,537
5,653,994
7,909,013
15,067,598
6,963,300
3,457,152
Volume 159
Servel, Inc.—Earnings—
Period End. April 30—
•Net
profit
tEarnings
•
•After Federal taxes, reserves and other charges,
shares of $1 par value common stock outstanding.—V.
$133,000 registered bonds, a portion of the latter being
part.
In the case of registered bonds called in part, the
bonds
and
called
•
1944—6 Mos.—1943
$979,598
$656,696
"
$0.57
0
$0.38
1944—3 Mos.—1943
$513,230
$306,108
$0.32
$0.18
share-.—
per
& FINANCIAL CHRONICLE
THE COMMERCIAL
Number 4287
in
deliver
will
trustee
balance.—V.
159,
the
of
bonds
new
series
same
Gross
ptofit
1942
1941
$3,678,131
Provision
sales
&
$3,321,126
$2,443,763
$1,782,560
2,000,453
795,500
1,631,846
317,976
1,372,009
58,840
etc.—
-
864,000
conting-
war
*
-
75,000
(& Subs.)—Earnings—
Statement of Income for
1942
$5,441,064
$450,173
$443,941
Net
profit
$410,451
————
shs.
t,
12
equal
$1.33
.profit of $1,830,020,
12
months
$0.27
ended
share
a
on
to $1.32 a
1943.—V.159,
equal
March
$0.31
$0.32
$0.19
$1,834,*-
1944 the net profit was
comparing with
stock,
for Fed.
Net
a
1,191
and
inc.
$517,313
profits taxes
excess
•After
•927,546
paid
;
369,$80
$368,387
67,500
—__
deducting post-war credit of $98,855.
ry.
■3 Months Ended March 31—
Consolidated
Gross
revenue
Lilu_.
—
$147,433
45,000
;
Provision
for
Provision
'
for
865,506
.
:
•
for
750,000
750,000
—
profits
excess
taxes.
quarter ended March 31—
-
at
Dec.
31,
$563,895;
S.
1,269,952 i
$13,731 '
479,215 i
assets
302;
•
7,324,536
3,731,659
5,341,840
2,328,021
3,417,370
1,860,483
664,591
2,435,561
1,500,474
600,354
quarter¬
for
159, p. 976.
-Sierra
'
Pacific
Power
»
•/Operating
Net
$209,368
;
.
_
(1)
To acquisition of
Grocer
49,569
41,196
retirement
accruals.—V.
reserve
568,364
576,913
1
directors
The
'<
share
the
and
the
on
declared
have
cents
15
cents
15
159,
p.
on
the
withheld
Estimated
held
net
A.
Brown,
25,
May
said
in his remarks
follows.
President,
in
part,
as
Allowance has been made in this
j,|
$13,000,000
_
at
Rico
de
common
The
15.
June
Puerto
Co;
distribution
will
be
income
meeting
the
trustee
as
in
by
Puerto
RicoJ
deducted
be
28%
from
follows:
said
dividend
and
<
22%
.
.
with
i
concessions
six
maintained
the
from
Colombian
its
relative
Operating
revenue,
Transmission
"■ 1944—3
-
expense__
Distribution expense"
Commercial
position
;
with
we
the Tropical Oil
taxes
permit.
,
production
from
acres
sult
the
of geological and geophysical
in
1936
and
1937.
As
a
Net
Venezuela,
in
Earned
the new West
drilled
have
our
Guara Field
and is
into
an
East Indies
interest in the
"
and
an
1178%
company
American
i_——_
$3,175,657
$3,325,276
486,890
'1
deduct—
1,325,110
$14,704,796 $15,427,621
5,634,790
5,335,785
1,268,645
$1,850,548
$2,056,632
$9,369,011
$9,792,831
1,256,306
5,023.392
Latin
America,
the
4,775,007
in
directors
have
$0.25
$1.37
$1.50
war
holders
'
a
dividend
cumulative
of
record
Pacific
'
i
i
of
31.
1%
on
account
of
accu¬
stock, par $100, payable
like amount was paid on
preferred
May
A
at March
Annual Meeting
The
date
stockholders
on
Date Changed—
May .25
of the annual meeting
approved
a
.
-
1944—4 Mos.—1943
$
$
1944—Month—1943
•
•'
<|»
-
i
'
expenses
34,251,401
27,883,392 136,266,203 107,422,858
15,930.382
20,623.465
67,343,032
78,787,237
655,210
525,275
2.441,405
taxes—
709,569
569,226
2,641,897
2,060,794
2,227,688
1,215,983
1,181,016
4,862,687
7,443,456
11,331
8,447,437
31,328,519
33,316
taxes
insur.
retire.
.
taxes
taxes
20,547
4,861,401
28,814,512
62,167
(net) Drl.523,281 Drl.825,817 Dr6,887,194 Dr7,058,76l
(net)
Drl25,422
Dr507i270
Dr371,349
Dr74,249
rents
ments
rwy.
inc.__
oper.
from
from
Net
Net
ry.
Net
Net
;
-
to
advance
Net
'
Gross
ry.
■
1944
■
>,
;
,
•
85,368,245
79.436,290
55,326,201
34,821,440
37.554,773
19,841,976
income—
11,048,820
10.816,523
10,348,319
'
.
'
1944
■
'
1
r„———
f
$
6,773,258
—Jan. 1 to May
21
1943
"
'
41,276,337
14,862,570
9,543.057
Bonds—
has called by lot for redemption on June 26,
1944, for
fund, at 104.25% and accrued interest, $300,000 of its
first mortgage bonds, 3%%
series, due 1973.
Payment for the bonds
will be made at the Bank of the Manhattan Company,
trustee, 40
sinking
The bonds called include $167,000 coupon
of
~
1944
$
issued
the
outstanding
and
common
(exclusive
of
shares
2,489
in
held
the
Grocer
Co.
from
more
than
to the company of $1,426,372.
additional amount of 46 shares,
an
500 holders
has
Company
which had not
to
effect
the
$
purchase
of
the
provided by short term borrowings by the company.
borrowings are to be refunded through application
'
the 81,507 shares of common stock
addition to
of Western Grocer
from
11,511 shares of common stock
owned and had commitments for the
shares
of
stock
common
Western
of
from Mr. Cummings, the company
purchase of an aggregate of 93,013
Grocer Co., constituting approxi¬
mately 90% of the issued and outstanding shares of that class.
that the company may acquire shares of 7%
stock of, Western Grocer Co. in' exchange for
offered. It is also
contemplated that as soon as practicable after delivery of the securi¬
ties now offered, Western Grocer Co. will take necessary action to re¬
is
It
contemplated
cumulative
preferred
nrel'erred stock of the company now
of 6%
,
all of the outstanding shares of its
that thereafter, by charter amend¬
outstanding capital stock of Western
consist of 102,511 shares of common stock (par $20).
redemption or otherwise,
by
cumulative preferred stock and
authorized
only
the
will
Co.
Underwriting—The
amounts
6%
of
and
of
names
the
preferred
cumulative
several underwriters and tho
stock underwritten by them,
respectively, are as follows:
Name—•
A.
E.
:
■
Amount
■
Allvn & Co., Inc.-
C.
Paul
&
Davis
H.
Rollins &
H.
First Trust
—
—
Inc
of Lincoln, Neb
Sons,
Co.
Cleveland
First
——
—
Co
Corp
:
—
Aug. 29,'43
to
Cost
sales
of
Selling,
Dec. 18,*43
Year
Ended
Aug. 28,'43
Sept. 8, '41.
to
Aug. 29,'42
$35,259,279 $20,129,929
29,834,948 17,599.151
1,213,390
3,690,442
1,690.957
202,049
630,449
202,873
27,484
23,177
43,960
discts. & returns— $12,759,089
10,814,436
& admin, exps
gen.
6%%
(Sprague Warner-Kenny Corp.)
'
Warehouse
10 Va
6%%
:
Cummins, Inc
Period—
43V3 %
16%%
16%%
expense
for doubtful accts,
less recov.
1943
$
Co.
and
Western
cost
of
required
term
Prov.
Profit
6,771,580 133,583.292, 126,606,401
before other
-
$501,731
25,257
$1,080,263
102,957
$652,987
39.852
$1,183,220
112,398
180,277
146,295
535,236
$692,839
79,300.
135.540
76.943
297,601
income
Other
$526,988
997
55,323
56.000
income
Cr29,760
Cr53,524
Cr9.614
159, p. 2237.
income
Total
April—
-
•
1944
•Interest
1941
1942
1943
discount
&
$192,889
$104,081
$77,085
from' railway-
71,479
97,969
44,125
14,844
ry.
income—
32,624
27,317
30,201
5,863
675,339
734,474
335,247
255,468
189,169
418,770
106,526
charges
and surtax—
Normal tax
$188,243
Net
-
deductions—
other
Total
Spokane International RR.—Earnings-
Net
$300,-
or
were
Gross sales, less
railway—__
Gross earninfs
—V.
offers
Income Statement
2,318,581
3,082,300
2,457,761
2,685,511
;
Marshall Canning
the oper¬
by the company at May 8, 1944, pending approval of
the curing of objections in connection with transfer thereof.
1941
1942
1943
•
all of
outstanding
stock
Wheelock &
railway—-——
oper.
'
-
■
New York, N. Y.
18,267,793
The assets applicable to
purchased
The
income—
*
at a purchase price of $17.50 per share,
being conditioned on its acceptance by the
than 75,635 shares out of an aggregate amount of
railway—— $21,350,423 $20,355,595 $15,323,445 $10,217,607
6,073,376
3,651,709
railway—_—
8,553,576
9,511,435
Period—
' ** *
f
60,122
Gross
South Carolina Electric & Gas Co.—To Redeem
Wall St.,
23,683,975
12,768,412
2237.
p.
from
from
Net
I
redemption as of July 1, 1944, for account
fund, a total of $3,000,000 of outstanding 18-year 27/8%
sinking- fund debentures, due July 1, 1955, at 100 and interest.
Pay¬
ment will be made at the Chase National Bank of the City of New
York, trustee, 11 Broad St., New York, N. Y.—V. 159, p. 1802.
company
47,084,552
—Week End. May 21—
the sinking
The
158,990,492
income—
oper.
Net
that
offer
from
ry.
and
company,,
existence as a subsidiary
continuing the operations
acceptances thereof, the company has
agreed to purchase an aggregate amount of 8.1,507 shares
offered.
the
1—;
oper.
from
Net
There have been called for
the
64,086,560
20,116,885
12,157,501
5,651,107
April—
^
the
of
in
of
Co.
Grocer
the
tenders
Grocer
142,755,170 100,826,451
55,641,437
35,111,968
2,816,634
purchase
less
to
or
funds
The
Gross
purpose
accepted
ment,
5,460.370
3,378,076
income—
railway—
railway.
159,
continued
the
supplied by
the
aggregate
an
tire,
1941
Southern Ry.—Earnings—
••
thev
not
common
7%
14,564,545
from
ry.
—V,
*
000 of 3%
33,330,565
1942
to
shares
shares
9,700,243
5,049,855
11,280,467
oper.
from
subsidiary
a.
be
for
to
as set forth above, the company on May 2, 1944,. ac- '
Nathan Cummings, President and director of the com¬
pany,
11,511 shares of common stock of Western Grocer Co.
The
11,511 shares, taken at the rate of $17.50 per share, were deliveretl
to the company by Mr. Cummings in exchange for 21,164 shares of
common stock of the
company at a rate per share equal to the book ,
value of the common stock of the companv.
Upon the acquisition of
$39,258,534 $37,229,208 $26,895,777 $16,957,441
railway.
railway—
From Jan.
Gross
to the fourth Thursday in April from the
Debentures Called—
18,640,770
1943
1944
fourth Thursday in May.
of
7,928,725
4,297,301
April—
Gross
Co.
services
Western
of
quired
from ry. oper.
Net
as
will
Co.
agreed
or
Canning Co. in Texas.
offers
of
102,511
Co.,
Co.—Earnings of Transp. System—
oper.
From Jan. 1—<
resolution
stock
now
Railway
facil.
Western !
of
shares of common
The
of a
portion of the proceeds of $3,250,000 of collateral instalment promissory
notes to be issued by the company substantially concurrently with the '
issue and delivery of
the shares of 6% cumulative preferred stock !
48,506,857 203,609,265 186,210,095
rev.
operated
payable in cash,
short
Earnings of Company Only
We
be
Grocer
certain
stock
50,181,783
Net
Warner
stock
Acquisition of Western Grocer Co. Stock—On Dec. 11, 1943, the com¬
pany transmitted to holders of common stock of Western Grocer Co.
received
revenues
company
.
with
at
oper,
■
East.
in the Mediterranean.
Canning
Western
been
declared
7%
the
on
to
15
Joint
set up to develop the petroleum resources of Iraq.
Another
company has an equivalent interest, and the other approxi¬
are held by British,
Dutch and French interests.
the
to
Marshall
of
4,771,395
$0.19
Period End. April 30—
*
probable reserves in the areas under concession to this associated
factor
continue
purchased
5,023,398
1,193,519
shared
1901,
Equipment
The production
to the Mediterranean
through its pipeline to the refinery at Haifa, has been an important
*
1,256,422
1,193,550
—_
com.
p.
divisions,
two
and Sprague
common
treasury of Western Grocer Co.).
State, county & city tax.
(now in the hands of the Japanese):
Iraq Petroleum Co., an internationalv
group are as large as any others in the Middle
of
the Iraq Petroleum Company,
transported
_
per
of
purchase shares of 'common '
stock of Western Grocer Co. in an aggregate amount equal to approxi¬
mately 90% of the shares of common stock of that company outstand- J
ing at the date hereof.
It is intended that Western Grocer Co. will
written
566,928'
Federal
re¬
has. purchased
Co.
under
Division
$1,4,940,730
124,483
Railway
three-fourths
mate
The
in
holders
$3,200,794 $14,137,868
138,208
Miscellaneous
interest in the Standard-Vacuum Oil Company's production
the Netherlands
in
Kenny
to
,8,90^,197
about 3,000 barrels a
held by the company.
D.
10,188,600
6,415,422
—
dividends
Unemploy,
The well has found substan¬
just now being tested with reasonable cer¬
tainty of being a fairly good well.
In addition to these developments
has a 50%
area
C.
8,733,571
dicidends
159,
Federal
first well in that field.
thickness
sand
tial
as
offers
to
14,258,780
6,429,223
$3,037,449
Southern
day this summer, which We hope to increase with further drilling.
On another property 100 miles from the Coast, there is an extension
of
operated
been
respectively,
Pursuant
In
study of this area, and the drilling
and expect to start shipping
heretofore
has
company
2,722,100
1,621,322
2,121,582
25
tion
the
ation of Marshall Canning Co., other than in Texas, will be distributed
to Western Grocer Co., which will thereafter conduct such operations,
revenue
income
Common
transferred
of Marshall
revenue..
other
Preferred
issued to
11,511
by Mr.
payment for
Co.
2,579,668
1,607,569
income
&
in
1944,
Grocer
History and Business—Company and its subsidiary, Western Grocer
conduct a general wholesale grocery business and, in connection
therewith, manufacture a broad line of food products which are dis¬
tributed through their respective
sales organizations.
The business
Pursuant
exploratory wells, riiany of which were dry, these holdings were
reduced to approximately 350,000 acres.
We now have a small produc¬
of
Western
Co.,
owners
are
Government
2,
May
on
of
company
2,902,899
15, last, and in preceding quarters.
Arrearages as
15, 1944, amounted to $35.50 per share.—V. 159, p. 1190.
is
Venezuelan
stock
the
of
2,413,817
March
Socony-Vacuum acquired
Venezuela,
In
President,
common
stock
common
3,038,839
2,263,929
j.
Inter.
•239,164 shs.
(no par)
21,164 shares of
' 3,948,880
Net non-oper.
Gross
Outstanding
$808,500
3,250,000
15,000 shs.
$808,500
628,853
.
operating
The
productive area is large, and the prospect
encouraging.
concession of over 2,000,000
The possible
substantial
of
1942.
772,759
-
Net
June
but
ages
instal¬
560,174
for deprec—
Provision
mulations
barrels a day are being moved from two of the wells in this
developments are proceeding as rapidly as war time short¬
1,500
field,
of
counsel
own
Co.
collateral
3,250,000
15,000 shs.
current—
(par $100)_
stk.
stock
Cummings,
shares
The
completed.
.
The third is the Barco concession in Colombia, held jointly with the
Texas Co.
The first Barco oil was shipped in November, 1939, and
from that date to the first of this year, about 11,000,000 barrels have:
been shipped.
Production has been held back by lack of transportation
during the war, but it is now back to the rate of 11,000 barrels a day,
which should continue for some time to come.
At present, only about
well
i
which
the
400,000 shs.
notes payable,
pfd.
cum.
of
Southern Colorado Power Co.—Accrued Dividend—
This field is only some 90 miles from
jointly with the Texas Company.
'• On a partnership basis, we are engaged in three major enterprises
in Colombia.
One is with the Tropical Oil Co. in the coastal region;
another is with the Texas Co., adjacent to it.
No drilling has been
done in either of these areas, but preparations for drilling a joint
pipeline,
6%
2,958,015
2,978,222
736,302
taxes
income
on
Other
—V.
two producing wells.
Barco
tho
and
offered
now
789,810
expense.
Federal
for
Prov.
1944—12 Mos.—1943
Mps.—1943
675,609
expense
Admin. & gen.
507,162 net acres, and applications covering 2,820,592 net acres; leases
on private lands aggregate 505,107 net acres.
We have discovered oil in the middle Magdalena Valley and have
completed
preferred stock
Coll. instal. prom, notes, 3y4% & 414%
Grocer
aggregating
Government
575,000
at $100 per share
identified,
$15,092,859 $12,858,070 $59,509,617 $53,976,953
835,122
6,494,737
4,048,447
2,001,806
1,036,975.
1,024,559
219,236
207,633
——
Production expense
.
land
Miscellaneous
of
See V. 159, p. 2237'.
1
has
cumulative pre-
Cummings to the company.
from
from
place of1 business
or
July 1 to holders of record June 15.
on
Period End. Mar. 31—
«
Socony
the
•Includes
; Southern California'Edison Co., Ltd ,—Earnings—
greater volume of products than ever before in our history, and we are
producing more crude oil from our own fields.
}
Our output of 100 octane gasoline and its components jumped from.,
ah average of 2,500 .barrels a day in December, 1941, to 19,000 barrels ,
aday in 1943, and is now up to 35,000 barrels a day.
By August we
C expect to reach our planned peak output of 40,000 barrels daily.
In '
the past two years we have spent $2,000,000 on this research work.
By October. 1944, 30 TCC units will be in operation by 12 oil oom-;
panies, including Socony-Vacuum.
,'! M
;
'The plant for the manufacture of the bead catalyst is now Com¬
pleted at the company's refinery at Paulsboro, N. J., and is in full
operation.
It may be of special interest at this time to review the company's
foreign crude position.
{ -Interest in Colombia, South America, has been heightened by recent
discoveries, and last year various companies operating there filed a
total of some 80 applications for concessions, covering approximately
acres.
of
Nathan
will
taxes
•
11,250,000
company
6%
of
ment promissory notes the company intends to
000 to its subsidiary, Western Grocer Co.
A
Common
Rico, substituted trustee.
The
stockholders have a beneficial
$9,500,000
profits tax for which the company
during the year at the level of the first four months.
1Nationwide sales of all products are up 30% for the first four months v
of .this year over the same period last year.
We are manufacturing a.".'
•
$908,145
offered—
shares
the
of
Division.
'
.
stock
preferred
now
5,750
Authorized
concern.
stockholders without-office
1944 estimate for possibleexcess
may be liable if profits continue....
,
record
Sugar
the Russell
resident
not
payable
annual
the
ferred
of
.Company—Corporation was, organized in, Maryland Sept. 4,. 1941. as
Name changed Sept. 8, 1941, to C. D. Kenny Co., and
1943
1944
earnings—
retirement
purposes;
shares of.West¬
stock (par $100), in
again changed to Sprague-Warner-Kenny Corp., Oct. 8,
individual stockholders
partnership and corporate
there; and 5% Puerto
Rico victory tax from all individual stockholders.
A special dividend of $1 per share, plus an interim dividend of 50
cents- per share, previously declared on
the common stock, are also
of record June 3.- Like amounts, plus an
stock, were paid on March 31, last,
•
-.'.
Four Months Ended April 30—
of
Popular
Banco
'Puerto Rico
'
John
Porto
interest in
Socony-Vacuum Oil Co., Inc.—Earnings, etc.—
;
by
South
common
976.
stockholders
common
made
per
quarterly dividend of $1.75 per share on the 3,247 out¬
shares of 7%
cumulative preferred stock, par $100, both
of
v.
of
outstanding 30,000 shares of no par value common stock
payable June 30 to holders
see
dividend
7%
South Street Co.
;A special dividend of 90 cents per share has been declared from net
profits of Russell & Co., agricultural sugar affiliate, payable July 1 to ;
usual
standing
extra
interim
an
Of¬
maximum of 8,649
a
Co.
South Porto Rico Sugar Co.—Special Dividend—
*
k
't
/
(H.) Simon & Sons, Ltd.—Dividends—
V
Stock
Capitalization Giving Effect to Present Financing
671,574
2014.
159, p
(2) To
$2,536,791.
$2,589,257
681,825
$199,297
„53,150
________:'44,720
income
•After
i
revenues;
income
.•Gross
1944—12 Mos.—1943
Corp.—Preferred
loan the sum of $1,500,portion of the proceeds
of- said loan will be applied by Western Grocer Co. to the redemption
of all or a part of 8,649 shares of its 7%
cumulative preferred stock
outstanding at the redemption price pei* share of $105 and dividend.
payable—bank, $400,000; accounts payable—trade,
accrued
liabilities,
$283,837;
advances—Government
con¬
$63,755;' reserve for retroactive^- wages increases,
$100,000;
mortgage note payable,
$5,000;
accrued Federal taxes on income,
$1,061,772; first mortgage notes payable, $90,000; capital stock ($1
par), $225,000;
paid-in, surplus, $192,566; earned surplus, $393,408;
total, $3,278,782.—V.159, p. 2014.
'
Co.—Earnings—
1944—Month-^-1943
Warner-Kenny
15,000 shares of 6% cumulative pre¬
($100 par) was offered May 31 at 100 and
dividend by A. C. Allyn & Co., Inc., Paul H, Davis & Co.,
E. H. Rollins & Sons, Inc., The First Trust Co. of Lin¬
coln, Nebr., The First Cleveland Corp. and Wheelock &
Cummins, Inc.
*
issuance
patents and trademarks, $1; deferred charges, $19,$3,278,782.
tracts,
Period End. April 30—
}
1,120,443
1901.
p.
Promissory Notes—Substantially company Intends to issue $3,250,000
promissory notes.
The proceeds will be used for
the various corporate purposes.
Substantially concurrently with the
$463,444;
•
income—
collateral instalment
Liabilities—Note
Surplus
ly,
181,678
ferred stock
r
licenses*
total,
461,948
exchange of shares
Government
post-war excess profits tax refund, $98,855; fixed
reserve
for
depreciation
and
amortization,
$173,133),
(less
$431,447;
495,121
7,440,208
159,
1943
U.
$4,644;
receivables,
i
1,058,293
479,215
$98,111
and
'
Dividend
65,495>
65,495
_—
depreciation—
income
hand,
on
securities—at: cost,
$50,000;. accounts, and
notes receivable—trade
(after reserves),
$788,283; inventories, $1,296,952; deposits, $17,200;
cash surrender
value—officers'
life insurance, $8,203;
miscellaneous
2,647,972..
887,746
2,994,840
charges
Exchange
banks
522,648
,
Purpose—Net proceeds will be applied to the following
>
.
.
-
$6,114,111
$6,311,460
Fixed
and
Sheet As
Balance
in*
Assets—Cash
1943
1944
260,351
$961,597 '
railway
oper.
ern
i Shawinigan Water & Power Co.—Earnings—
662,525
fered—An issue of
.
1,104
$1,295,933
profit
Dividends
1080.
p.
—
——
income
1941
$1,470,359
945,168
railway—
from
Sprague
51,327
$516,209
________
Income
Prov.
net
common share reported for the
common
100,795
$1,294,741
;
1942
$1,867,985
765,074
4,873,528
$351,701
Total
March 31,
months ended
to
.
'
(no par) —
com.
For the
775,
V
9,742,921
1943
$2,187,187
income—
oper.
Net
—V.
—
1944
railway
railway
from
Net
»
general
and
expenses
__1
profit
Other
Net
selling
sold,
Depreciation on building, machinery and amor¬
tization on building improvements, etc
1
1
Earn, per sh. on 776,627
merchandise
of
ry.
Gross
$11,138,457
_____
from
From Jan. 1—
the Year Ended Dec. 31
1943
■ —
administrative
50,000
„
sales
Cost
other
tax,
inc.
Net
4943
2,403,680
from
Expend., dep.
charges
Federal
Subs.)—Earnings-
(&
irom
Net
Manufacturing Corp.
Solar
'
April—
Net
ton 1,726,926
159, p. 976.
1944
Spokane Portland & Seattle Ry.—Earnings—
.
unpaid
Gross
'
Sharp & Dohme, Inc.
3 Mos, End. Mar. 31—
the
48.
p.
Consolidated
.
for
2311
from
railway
oper.
Excess
profits tax_
Post-war
Prior
refund—exc.
years'
profs,
tax—
185,170
Crl3,813
adjustments
From Jan. 1—
Gross
Net
Net
—V.
from
from
ry.
railway
railway
oper.
159, p.
income
1901.
71,952
126,960
25,491
61,604
1
.
.
i'
Net
•Not
ft
_
l„
t
..i
profit
incl.
nips
$146,827
for period
int.
charged
(mnnnfnrturinEr
to
cost
riev>t,.)_
$273,352
$225,492
&4.552
$11,034
$6,655
of
THE COMMERCIAL & FINANCIAL CHRONICLE
2312
Income
Statement
Period—v-
Dec. 31,
that
1941
1942
1943
'43
<Jross sales, less discts.,
etc.
$16,990,823 $14,295,509
$9,909,548 $18,796,112
Cost of sales, less discts.
&
allowances
3&ell„
Profit
doubt.
12,557,887
1,078,401
2,051,163
2,110,357
1,351,418
12,289
20,988
21,081
$679,283
,
14,050,484
675
exps.
15,921,506
$811,154
$809,053
$365,123
4,326
4,647
6,499
5,297
$647,957
& adm.
gen.
Prov. for
,
8,151,189
$806,507
425,000
accts,„
from operations
Other income
Total
l?ed.
,
income
404,151
prof, taxes
normal, surtax &
excess
JFed.
declared
value
profits
Cred.
85,414
State
9,500
Net
—V.
profit
159,
94,900
~4~220
TO~300
C)'42,500
7,900
taxes—-.
income
202,280
153,850
Cr40,415
for
$265,220
$363,054
$262,257
1942
$1,801,516
$1,556,452
$1,667,395
for income and excess profits of $4,120,$2,808,974 in 1943 and $1,943,408 in 1942.—V. 159, p. 1391.
Printing Co.—Bonds Called—
Standard Bleachery &
called for redemption as of July 1, 1944, $5,400 of
Its outstanding 15-year 5Vs % mortgage bonds, series A, due Jan. 1,
1946, at 100 and interest.
Payment will be made at the Bank of the
Manhattan Company, trustee, 40 Wall St., New York, N. Y.—V. 158,
The company has
p. 2296.
Electric Co.—SEC Rejects Simplifi¬
Standard Gas &
cation
Plan—Upholds Allocation to Debenture Holders—
issued May 31 rejected the plan of simplifica¬
1943, due to changed conditions since the filing
agreed to withhold entering an order for 90 days in
order to give the company an opportunity to amend its proposal.
-Standard's plan may be summarized as follows:
(1) Standard proposes to reclassify all of its outstanding stock into
1,361,650.6 shares of new common stock, series A, and 3,493,152.06
shares of new common stock, series B, both without par value, and
Identical in all respects except that as long as any part of the indebt¬
edness represented by the three-year collateral loan remained unpaid,
no dividends would be
paid on the series B stock, while during that
in its opinion
The SEC
tion
in March,
filed
the plan, but
Of
series A would be entitled to a cumulative preference in
each year, but not to exceed 85 cents per share annually.
In the event of whole or partial liquidation, any unpaid accumulated
dividends on the common stock, series A, would rank ahead of any
period the
dividends in
distributions
other
stockholders.
to
of Standard in the aggre¬
(2) The outstanding notes and debentures
gate principal amount of $59,202,200 would be retired by:
(a)
Payment of $29,601,100,
or
one-half the principal
in
amount,
cash;
shares of the common stock of The
("Copco'') and 118,404.4 shares of the
common
stock of Mountain States Power Co., such distribution to be
"made at the rate of five shares of Copco and two shares of Mountain
States for each $1,000 principal amount of debentures, and ratably for
smaller
Co.
Power
Oregon
holdings;
Standard
all
of
at the rate
of
of
the
stock,
common
new
shares of such
23
stock for
series
each
of
A,
$1,000 prin¬
cipal amount of debentures, and ratably for smaller holdings.
(3) The funds necessary for the cash payment described in
?
(a)
2
above would be obtained by:
of all
(a) Sale
stock
mon
(b)
A
Gas &
holdings, 200,420 shares,
Electric
all securities now
sold
and
secured by
owned by Standard
hereinbefore
as
of the
com¬
Co.;
three-year collateral loan fo $21,000,000,
distributed
toe
of Standard's
of Pacific
tof substantially
forth
set
stock of the Philadelphia Co., and
Use of about $3,590,600 of treasury
pledge
those to
a
except
and
part of the
a
common
(c)
(4)
The
cash.
outstanding prior preference and preferred stock of Stand¬
and
ard
dividends
distribution
accumulated
the
to
holders
thereon
thereof
of
would
the
be
retired
common
stock,
by
the
series
B,
follows:
as
(a)
shares
7.3
accumulated
776.98%,. of
(b) 6,3
the
(c)
each
share
total
each
for
share
dividends—a total
common
$7
prior
preference
2,688,940.4
shares,
stock
and
representing
of
of
prior
$6
630,000
preference
stock
and
shares, representing 18.03%
0.23 shares for each share of $4
The
preferred stock and accumulated
shares, representing 4.99% of the new
stock, series B.
common
aggregate
stockholders
of
series
A
The
(6)
The
the
is about
series A stock to
<5)
series
72%
B
series
three-year
of
stock
B
be
to
the series A
and
allotted
series
B
to
Standard's
together.
The
is about 28% of
Standard's debenture holders
to
go
and
stock
common
the
in
collateral
loan
would
be
of
Standard
would
be
excluded
from
par¬
recapitalized
corporation.
to submit the plan to its security holders
for their approval or rejection.
The plan provides that if we approve
it, Standard may request us to apply to a U. S. District Court pursuant
Standard
to
does not
Sections
provisions
(e)
11
and
18
(f)
Guaranty
to enforce and carry
out the terms and
Trust
Co.
Trust
Company's
("Guaranty"),
as
power under the statute to approve it.
Guaranty filed
relates
to
informal counterproposal to the plan in so far as
treatment of the debenture holders.
In substance
an
the
the
counterproposal provides for the sale of Standard's portfolio hold¬
ings of Pacific Gas & Electric Co., Copco, Mountain
States, Oklahoma
&
Gas
Electric
estimates
cash,
the
that
Co.,
the
and
would aggregate
For
distributed
this
to
$37,598,000
This
Public
sales,
which
would
leave
balance, new 4%
present debenture
the
Service Corp.
Guaranty
plus $6,000,000 in treasury
could
an
be
distributed
unpaid
five-year
balance
debentures
among
of
$21,-
would
be
holders.
Payment of the new
made out of earnings and the proceeds of further
portfolio securities.
To secure the payment of the
Standard
would
pledge all of its remaining portfolio
debentures
sales
Wisconsin
proceeds of such
debenture holders.
€04,200.
would
be
of Standard's
debentures,
•
securities.
We
have
concluded
that
we
^approval of Standard's plan.
cannot make the findings necessary for
Our reasons may be stated briefly:
Fundamentally, Standard's plan involves a partial payment of the
debentures by distributions in kind of certain
portfolio securities and
distribution
ties
■of
be
the
in
cash
proceeds
to
preference,
as
toy
of
of
a
the
proceeds
bank
loan,
of
sale
of
other
portfolio securi¬
and
treasury cash.
That portion
the debentures which would not be
paid hy.-fhese distributions would
reduced
common stock interest which would have a
temporary
to dividends only, over the common stock to be received
preferred stockholders, but which would ultimately be
a
Standard's
reduced
to
the
same
level
as
the
latter
common
to
cs
°
(2)
or
difficulty
the standards of Section 7
(d).
with
more
Standard's
plan
is
fundamental.
^sJ,.nd®r order to dispose of all of its properties except those
iL ! f f i
' -We think that if thee were no Section 11 (b) (2),
natural
j.r
thing to do with
the
proceeds
of the required
dispositions
ry.
capital
structure
on
,
debentures
the
when
stock
it would be
unconstitutional.
distributions
insist on
market
In
and
must be
tures
on
satisfied
are
the
Our analysis of the legis¬
to permit compliance with
well as sales, and we are not
in
kind as
a
deplete
that all
159, p. 1901.
Stearns & Co., Detroit—To Retire Pre¬
2124.
p.
The accumulations
and preferred stocks make it wholly
securities in Standard's capital
stratified structure of the system
preference
as
June,
possibility that Standard's common
stock has any interest in the company, either on a comparison of the
liquidation preferences of the securities senior to it with the value of
the enterprise or on an analysis of the foreseeable income to be avail¬
able to the different classes of securities in the enterprise.
The plan
should, therefore, exclude Standard's common stock from participation.
We leave open the question whether Standard's present $4. preferred
stock may be permitted to participate in the new common stock with
the present prior preference stockholders.
there
30.
at
May
on
31
directors
when
Stearns'
is no
specific proposals for the sale or distribution of Standard's
holdings of the stocks of its subsidiaries are presented to us, we shall
consider what requirements ought to be imposed, with regard to such
contracts with the service company of the
system and the election- of independent directors, in order
actual divestment of control of the subsidiaries by Standard
management
as
Standard
to
insure
in
compliance with our Section 11
Mr. Hill said
division
of
personnel
reserve
with
Drug,
NOTE-—For
possible
to
to
Inc., with no change
159, p. 2124.
Sales,
less
possible.
as
'
and
.
L
:
,
(after
allowances
pro¬
$40,946,618 $18,529,606
for renegotiation)-—,-,
194.3
Other
2,496,416
,
income
Income
——————,
120,739
^
———.
taxes
$4,876,815
$2,684,053
'
300,000
1,700,000
;
——_
post-war rehabilitation
"
& other
con¬
tingencies
;
:
500,000
—;
—.
.Profit for the year transferred to surplus
Unappropriated surplus at beginning of year—
1,697.522
Transferred from appropiiatcd surplus.
„500,000
Adjust, of prior years' deprec. & Federal taxes
\
Total
income
""After
Common
Board
meeting held
entering
an
order for
90
Stock Suspended from Dealings.
of
Governors
of
the
New
Stock Exchange, at a
the common stock of the
York
May 31, suspended dealings in
The preferred stock will continue on the list.
The action
the Exchange was based on the ruling of the SEC that there is no
company.
of
possibility that Standard's common stock has any interest in the com¬
pany, either on a comparison of the liquidation
preferences of the
securities senior to it with the value of the enterprise, or on an
analysis
classes
fore,
of
the
foreseeable
of securities
income
in the enterprise,
to
be
available to the different
and that the plan should, there¬
exclude Standard's common stock from participation.
1,331,055
,
17,863
.$1,882,971'
46,893
49,986
135,463
135,463
$2,741,981
$1,697,522
_
provision
for depreciation* and amortization of $369,947 and
respectively, but before provision for Federal and Canadian
income- and excess profits taxes.
tAfter deducting post-war refund of
$375,000 and $190,000, respectively.
•
.
—
.
$2,924,337
dividends
dividends
Unappropriated surplus at end of year——
.
$224,201,
"
.
Note—Renegotiation
to
the
U.
S.
tingencies.
of
1942
war
which
Government
contracts resulted
charged
was
in
the
to
.
>
net refund
a
for
reserve
con¬
Renegotiation proceedings for the vear 1943 have not com¬
menced and therefore the amount
this time.
been made
on
refundable
determined'at
be
cannot
However,
a provision for refunds on 1943 war contracts has
the general'basis of the factors used in determining the
settlement for 1942,
•
;
Consolidated Balance Sheet, Dec.
'
31
Assets—
Cash
1943
banks
in
Notes
and
Cash
surrender
S.
receivable,
value
life
of
—„:—■
insurance
funds
—-
9,207,930
107,528
83,667
policies
bonds
securities—.
Government
Unavailable
2,916,644
reserves—
—
loan
war
$1,586,762
5,176,569
28,011
12,851,070
less
1942
$3,046,989
hand
on
of Canada
Dominion
U.
and
accounts
Inventories
—
—
Total
31,897
556,618
3,245,448
96,191
—
3 200 612
190,000
154,667
$25,650,319 $17,408,717
__——
Liabilities—
Notes
'
payable
payable and accrued liabilities—
$8,000,000
$7,000,000
2,298,608
2,260,019
8,426,890
2,132,322
Accounts
tProvision
Reserve
for
estimated
and
for
at
and
1
other
—
6'/a %
847,294
cumulative
stock
(270,925
from
discount
and Canadian
taxes—
rehabilitation
arising
Surplus
Federal
profits
excess
post-war
contingencies
^Preferred
Common
„
no
shares)—.
purchase
of
pfd.
2,7~4_1~981
for
reserve
depreciation
tAfter deducting
U.
Stroock &
stockholders
159,
of
S.
tlncludes, in 1943, 6,175
7,275 no par shares.—V.
$3,525,448
Treasury
no par
shares
vote
June
21
on
proposed
a
now
outstanding
then
the
would
increasing
the outstanding shares to
of stock held in the
treasury to
amount
company
announced
three-for-one
of
the
stock,
and
series
in
be
split
three
for
raising
and
shares
cer-.
no-par
the
from
19 200.
May 25.
on
split
change
authorized
242,400
57,600
holders
1943
tax
Co., Inc.—Proposed Stock Split-Up—
will
incorporation which w:ll increase
capital stock to 300,000 shares from 100,000.
80,800
in
notes
shares, and in 1942,
1598.
p.
of
tificate
will
provide
a
more
adequate
market
for
the
treasury stock will be
may find for it.
The
^
1,697^522
$25,650,319 $17,408,717
of $3,700,000.
company said, and the increased amount of
available for whatever future use the
company
no-par
the company, and is listed
on
capital
stock
is
the
the New York Curb
1191.
p.
'
11,007
500 000
*
The
727,500.'
V
._■—8,796
,
After deducting
$3,205,062 in 1942.
the
2 709 250
stock
Total
The
371,097
617,500
2,709,250
stock
par
Appropriated surplus
Unappropriated surplus
C
only stock issued
Exchange.—V. 159,
-■* '
Tampa Electric Co.—EarningsPeriod End. April 30—
Operating
♦Gross
Net
>
10,000
31,895
refund of excess profits tax—.
♦Land, buildings, machinery, tools, etc.—
charges
i—
Deferred
26,538
510,000
..
^
Post-war
one,
withhold
200,000
$534,053 '
$726,815
„
■
*
■-
days in order to give
Standard an opportunity to file an amendment to its plan in accordance
with the views herein expressed.
If no amendment is filed, we shall
enter an order disapproving this plan, and shall consider what order
to enter under Section 11 (b) (2) and what steps we should take to
insure compliance with our order under Section. 11 (b) (1).
shall
We
-
250.000
1—; 3,350,000
—.
taxes—
profits
for
2,047,996
$2,493,402
190,651
income
tExcess
14,088,208
,
•! $4,756,076
profit,
■"Total
Prcv.
33,694,126..
„
Selling, general and administrative expense
Gross
-
1942
1943
sales.
of
a
or
.
(& Sub.)—Earnings—
.
returns
in
vision
become
management
reasons
it is not always
companies in exact alphabetical
are always as near alphabetical
Stromberg-Carlson Co.
Cost
in
mechanical
arrange
Calendar Years—
(S.)
the
securities.
the
However, they
position
further
for
respect
latter
approve
that the Detroit pharmaceutical house would
Sterling
contemplated.—V.
order.
(b) (1) order.
consideration the questions raised by our
participation of Standard Power & Light
Corp., the parent of Standard, in the reorganization, and with respect
to
the carrying value on
Standard's balance sheet of its portfolio
We
the
its preferred
.
When
matters
of
voted to retire
plus accrued dividends.
common stockholders are expected to
105
value of $5, and 135,190 shares are outstanding.
On June 30, Sterling
business and good will of Stearns, and imme¬
diately thereafter the latter company will be liquidated."
income
that
assured
special meeting in Detroit,
a
June
at
acquisition by Sterling Drug, Inc., of the assets,
of Frederick Stearns <fe Co., pharmaceutical
will
was
will take over the assets,
Standard.
clear
good
James Hill, Jr., President of Sterling.
"Under the terms of the transaction," their joint statement said,
"Sterling will pay 67,595 shares of its stock, on the basis of one share
of Sterling for two of Stearns common.
The latter stock has a par
represented by common stock only.
present prior
are
40,745
*95,292
action, which were disclosed Jointly by E. Fauser, President of Stearns,
interests in Standard junior to the deben¬
inappropriate
to retain
any such
structure, especially in view of the
We
550,848
688,963
and
■
We
V.
Preferred
and we shall have ;.
that the remaining
history shows that Congress intended
the
110,898
■"83,223
19,881
reorganization of that company, as well as the other details of the
transaction of that company, as well as the other details of the trans¬
.
plan which would throw Standard's portfolio
the estate by sales expenses and under¬
writing fees.
We think it appropriate to approve distributions of
Standard's portfolio in kind.
We take up the..legal issues involved
in
this conclusion
in an appendix to this opinion, which is to be
considered an integral part of the opinion itself.
on
527,867
287,086
and
Common
' ' :; '
will result in the complete
Section 11 (b) (1) order is
our
Co.,
Trust
by
1,242,971
797,721
422,800
Sterling Drug, Inc., below.—V. 159,
company,
trustee of some of the debenture issues, and
other representatives of debentures contend that any divestments of,
Standard's non-retainable portfolio should take the form of sales, fol¬
lowed by distribution of the cash proceeds.
They argue that the
statute does not empower us to approve a plan requiring debenture
holders, to accept portfolio
stocks or Standard's own stocks in pay¬
ment or reduction of the debentures, and that if the statute conferred
11
1,682,090
income
It is announced that
proposed merger of
by-other appropriate means.;? ! - .
Sandard with Philadelphia Co.^ or
Section
*11,756
manufacturers,
the amount of original reduction of the debentures
the plan and on other circumstances which will ■<
compliance with the standards of that section,
jurisdiction to require at the appropriate time
debentures be eliminated in connection with the
powers,
64,824
.
complied with, or certainly within a very short time thereafter.
Our
approval of the plan will not be a release or- abandonment of our
under Section 11 (b) (2) to require Standard to achieve
such
125,909
income—
railway
business
jurisdiction
lative
$146,350
46,264
8,047
Sterling Drug, Inc.—Acquisition of Frederick Stearns
the foregoing provisions
that
of
1942
$194,405
119,877
Stock—Merger Negotiations Progress—
See
a
general strengthening of Standard's system.
believe
1941
1943
$303,915
'f (Frederick)
payment of the debentures in advance of their maturity date, the
strengthening of the position of the balance by reason of the pro¬
on
dividends, the necessity for further liquidation of assets
in the near future because of our Section 11 (b) (1) order, and the
We
2237.
p.
234,679
oper.
ferred
think, would now make possible a plan providing
distribution to the debenture holders, either at
hibition
The
a
OVe.r another class of stock. We cannot conclude that such a
a*.strncture for this system meets the simplification requirements
Section
1Kb)
com¬
could sanction their distribu¬
question whether reduction of interest on the remaining
debenture debt will be fair and equitable, having in mind the partial
retirement
159,
railway,.:
1
from
from
■"Deficit.
the
on
increase of 8.1%.—'V.
an
very
under
effectuated
bear
stock.
in"iall,y- Standard's capital structure would include both
^t-term bank debt and a class of stock having a preference as
t)f
Gross
appropriate to reduce the interest rate on the portion of
be immediately paid under the plan. ■
be
the
$460,269
railway
railway
oper.
Net
,
.
It may
staff
The conclusions of the SEC follow:
ry.
Net
the debenture debt which will not
below
Proposal
trustee for certain of the
debenture issues, and certain holders of
debentures, have opposed the
plan, raising questions as to its necessity, its fairness, and as to our
St
Standard's
in
companies
From Jan. 1—
temporary basis tinder the
standards of Sections 11 (b) (2) and 7 (d).
The exact amount of this
remaining debt will depend, of course, on the prices realized in the „
disposition of the portfolio securities or on:the values which we would
approve in the distribution thereof.
Moreover, Standard is tinder order
to dispose of its interest in the Louisville companies and its miscel¬
laneous assets.
We expect Standard to come forward in the immediate
future with a plan to bring the structure of the Louisvillfe companies
into compliance with Section 11 (b) (2).
Upon completion of such a
plan, Standard should be able to comply with our order to dispose of
its interest in these companies and in that process a complete elimina¬
tion or further substantial reduction of the debt would be possible.
Under these special circumstances we cannot ffind either that the
structure of Standard's plan is fair and equitable or that it is neces¬
sary to effectuate the provisions of Section 11 (b).
Accordingly, we
cannot approve it under Section 11 (e).
We suggest therefore that Standard come forward with a plan pro¬
viding for the disposition, in connection with the plan or shortly
thereafter, of its excess cash and all of its major non-retainable port¬
folio assets except the Louisville companies.
These dispositions might
be either
cash sales or distributions to the debenture holders. >. In,.
either event, of course, the terms of sale or of disposition will have;
to
be approved by us.
The plan should further provide that the
proceeds of all sales and all other distributable cash of Standard
available from operations or otherwise should be applied in pro rata
reduction of the debenture debt (with such terms as to minimum dis¬
tributions and dates of distributions as may be convenient to preserve
the marketability of the debentures and facilitate the computation of
interest).
The terms of the debenture debt (whether represented by
modified debentures or new securities) should make it clear that the .
initial amount of debt remaining under the plan may be reduced at
any time by subsequent pro rata. payments in cash without premium,
or may otherwise be eliminated pursuant to subsequent plans approved
by us.
Since the acceptability of a plan providing for the retention of
any debt in Standard (whose principal assets are common stocks of a*,
stratified holding company system) depends on our belief that such
retention need be only temporary, the plan should further provide that
ho dividends shall be paid on Standard's stock until all of the deben¬
ture debt is completely retired.
~
.'V./
propose
thereof.
Guaranty
a
Net
are
disposed to
together.
$21,000,000
liquidated
or prior to
maturity by annual payments out of net income and by
the sale of pledged securities.
ticipation
we
operating
utility
1944
from
from
of
Guaranty
stock, series B;
dividends—a total of 174.211.66
the
of
of
stock,: series B;
common
shares
accumulated
-of
for
dividends—a
the
'
week last year,
April—
Gross
Net
That will depend on
Distribution
(c)
296,011
of
Distribution
(b)
California
the
in
in
estimated provision
■"After
position of the Wisconsin
financial
public
the
of
Staten Island Rapid Transit Ry.—Earnings—
immediate future, as to make unnecessary the
any new debt. senior to the debenture holders'
interests
the demotion of the debenture holders to a stock position on a
or
which
1943
1944
*Net profit after all charges & taxes
the
output
corresponding
parity
Canadian Subsidiaries)
31—
Weekly Output—
Electric
Standard-Gas .& Electric Co. system for the week ended May 27, 1944,
totaled 189,210,000 kwh., as compared with 175,094,000 kwh. for the
with Standard's present stockholders.
After the distributions
presently possible, the amount of Standard^ debenture debt
remaining would not be so large, we think, as to preclude its retention
Sons—Earnings—
(Including Domestic and
145 in 1944,
changes,
substantial
so
once
and
9 Mos. Ended March
debt.
proposed,
was
terms.
suitable
creation
(E. R.) Squibb &
and
improved,
plan
has sufficiently improved so that we
pany
These
$216,307
—--
Standard's
of that character would run afoul of Section
tion'on
1290.
p.
time
plan
a
terially
retirem't
debt
post-war credit—
or
223,000
excess
taxes
for
$370,420
$802,554
them in retirement or reduction of the debenture
use
it may have been thought
11 (b) (2),
because it did not appear that the dispositions would .occur rapidly
enough to effectuate compliance with the latter section.
Accordingly,
we
recognize that at the time the present plan was proposed, a plan
with its type of structure might reasonably have been thought to be
the best plan available
under the circumstances.
Copco, Mountain
States, and Pacific Gas & Electric then appeared to be the only in¬
vestments whose capital structures made it feasible to sell or to dis¬
tribute Standard's holdings immediately.
The bank loan was Con¬
ceived of as a means of making a substantial immediate distribution
to the debenture holders, and reduction of the unpaid balance of the
debenture
debt
to
stock
may
well have
seemed necessary under
Section 11 (b) (2) in the light of then existing circumstances.
But since the plan was proposed, circumstances' have changed in a,
manner which makes a fundamental difference in our approach to the
case.
The financial structure of the Oklahoma company has ma¬
the
At
Years Ended June 30
End.
be to
would
Co. and Subs.)
Grocer
(Western
6 Mos
Monday, June 5, 1944
revenues
income
income
1944—Month—1943
—
*After retirement
1944—12 Mos.—1943
$626,548
$561,091
115,168
118,006
1,191,926
1,210,575
112,260
117,273
1,161,469
1,196,336
—_
—
."'"•erv<?
nof,'"'a1s.—V.
(Continued
15°
on page
$6,980,953
r>
oqj5i
2346)
$6,106,930
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4287
159
Stock and Bond Sales
DAILY
«»
New York Stock Exchange
WEEKLY
-
United States Government Securities
furnish
we
YEARLY
-
delivery sties are disregarded m the day's range, unless they are the only transactions of the day. No account Is taken of snch sales in computing the range for the year.
NOTICE—Cash and deferred
Below
the New York Stock Exchange
on
daily record of the transactions in Treasury, Home Owners' Loan and Federal Farm Mortgage Corporation
a
May 27
Dally Record of U. S. Bond Prices
Figures after decimal point represent one or more 32d of
week.
Stock Exchange during the current
May 39
May 30
May 31
June 2
June 1
Daily Record of
Prices
2
■
■
(High
\ Low
2 Vis
*
•
3
100
100
100
100
100
100
'
■
mmm
7
'
+
100
5
1
100
100
Low
100
100
100
100
2
3
[High
Low
V
-
100.7
100.7
100.7
100.7
100.7
100.7
10
1
I
••
.
■
_
—
^
[High
j low
[Close
[High
Total sales In $1,000 units
[High
\
2%a, 1951-53
[Close
Total sales in $1,000 units
[Hign
j L°w
HOLIDAY
Low
[Close
.
units
3s, 1946-48
•
100
HOLIDAY
j Low
—
[High
\
2%S, 1952-55
1
[Close
Low
[Close
Total sales In $1,000 units
Total sales In $1,000 units
V"' [High
[High
;
\
2%s, 1954-56
1 Low
Av,..
[Close
Total sales in $1,000 units
.
[High
.
2Vis
j Low
2%s, 1955-60
1956-59—
{
[Close
units
•'
—
"
Total sales in $1,000 .units
[High
1947
28,
|c£w
[High
j Low
[Close
2%s, 1948-51
[Close
r
106.20
■*
106.20
$1,000 units
High
'
i
3s, March-1948-50
.
low
•
106.20
Close
3*
units
Low
■
Total sales In
Total sales in $1,000 units
7"V':
—
;i-
[High
8Y.S, 1945-47
Low
[close
Total sales in $1,000 units
Total sales in $1,000
10
••
*
3
——.——J
1965-70
"
.
3%s, 1949-52
.■>
■
'*
[High
[Close
'•
100
V
June 2
—-
2%s, 1967-72
—-j Low
Total sales in $1,000
100
mrmrnm
Total sales in $1,000 units
Total sales in $1,000 units
38, 1951-55
100
Low
units
[ High
v
100
100
100.2
f-r [High
■
Total sales in $1,000
\
[Close
-iv"1-
June 1
100
1
Vis, Dec., 1964-1969
Total sales in $1,000 units
'v-.
May 31
100.2
[Close
1
3%s, 1946-56—
May 30
102
Total sales in $1,000 units
v-a-
the New York
100
/,
102
[Close
\
on
100.2
[Close
v
—j L°*
Total sales in $1,000
May 29
Total sales In $1,000 units
102
("High
3%s, 1946-49
May 27
[High
_•{ Low
%
[Close
Total sales In $1,000 units
;
U. S. Bond
JSVaS, June, 1964-1969
] Low
4%s, 1947-52
bonds
coupon
point.
a
Treasury
f
Treasury
48, 1944-54
2313
Total sales in $1,000 units
■
■■V-';;
:
;
!
"/•
High
-i
2%s, 1951-54
[Close
Total sales in $1,000 units
units
(High
Total sales in $1,000
_■!
■
,
Low
2%s, 1960-65
2s,
1.11.10
Sept.,
n<
,
_i
■>.
.
[High
-j Low
1949-1951
[Close
111.10
-
—
•i-v:;:'.
...v,.-":...
111.10
[Close
units
-I Low
[Close
■
Total sales in $1,000 units
[Hign
Total sales in $1,000
iHigh
2s, June, 1949-51...—
units..——...
2%s, 1958-63—A.
—
'■; ■■■;,;■
.
„■{ Low
[Close
2% 8, 1956-59—-
\ Low
3s, Dec. 1948-50
Close
'.
Total sales in $1,000
[High
Low
Total sales in $1,000
15
[Hign
\ Low
—r
units
101.17
[Hign
2s,
Dec.,
1949-1951
Low
•
101.17
[Close
[Close
101.17
'
Total sales in $1,000
Total
units
sales In
$1,000 units
5
[High
[High
2yas,
1950-1952
March,
2s,
Low
1945
-{
[ Close
[Close
Total sales in $1,000
2%S,
Total sales in $1,00G units
units
[ High
-•} Low
1948
100.30
(High
Low
Total sales in $1,000 units
'
Total
,
[High
\ Low
\
2%s, 1949-53
sales
in $1,000
units
10
■;
100.13
100.13
[High
100.16
Low
100.16
Close
100.16
•
Total sales in
Total sales In $1,000
[High
-j Low
[Close
2s
units
HOLIDAY
[High
1%s
j
1948
Low
[Close
.
[High
..
Total sales In $1,000 units
100.11
j Low
100.11
100.11
Total sales In $1,000 units.——
Low
Loan
"High
Low
1%S, 1945-1947
100.1
Close
100.1
Close
Owners
Home
1
[High
1963-1968—
Low
[Close
I Close
2%s,
I
1953-55
1
] Low
[Close
'•>
5
[High
Total sales in $1,000
HOLIDAY
—_
Total sales in $1,000 units
2%s, 1962-67
units
.
[High
2%B, 1956-58
27
1951-55
2s,
Total sales in $1,000 units
Total sales in $1,000 units
$1,000 units
[High
\ Low
[Close
2%s, 1952-54
100.13
Low
Close
.Total sales in $1,000 units—...—
a
100.30
[High
2s, 1951-1953
[Close
2%b, 1950-52
100.30
Close
[Close
-V.—
-
Low
100.1
Total sales in $1,000 units.
Total sales in
2
lot
♦Odd
$1,000 units
—
{Transaction
sales.
of
registered bond.
NEW YORK STOCK RECORD
LOW AND HIGH
Monday
Saturday
May 27
May 29
$ per share
$ per share
58%
*58
58%
♦58
*112
Tuesday
May 30
$ per share
SALE
PRICES
Wednesday
$ per share
59
59%
♦112
114
114
*112
114
♦50
55
*51 y4
55
*51
55
60
59%
60
*59 y4
60
59%
12
*30
22
22 Va
39 y«
5%
160
*154
22%
39%
*90
95
5%
31
39%
22 Va
39
*90
12 Va
12
31
11%
*30
,
95
5%
5%
*154
160
2 y4
2%
2%
3014
29%
*55%
56%
55%
56
25%
25%
25%
25%
*83'/a
86%
*83%
86%
12 %
12%
12%
12%
2
%
30
143
*13%
30%
For
143
14
30%
143
30
143
*13%
30%
footnotes see page
14
30%
2323.
12%
*30
21%
39%
*91
5%
*156
12%
31
21%
40%
98
5%
160
June 1
Sales
June 2
$ per share
*61
"112
*52 %
60
12
61%
*112
*53
60
60
60
22
22
40%,
40%
98
5%
5%
*156%
163V2
2%
30
56%
56%
25%
26%
*83%
86%
*83%
2%
600
56
12%
12%
*30
12%
10,800
31
Acme
Adams
22%
1,200
Address-Mutigr
4,500
Air
*157
5%
5,900
164
Alaska
&
10
Corp
Inc—,
2%
2%
9,400
30%
12,600
56
56%
*55%
56%
1,400
26%
26%
26%
26%
4,300
87
Allegheny
No
Gold
Min
10
—100
1
Corp
pf A with $30 war—__100
$2.50 prior conv preferred-No par
5% %
Alghny Lud Stl Corp
No par
Alleg & West Ry 6% gtd
12%
12%
12%
12%
12%
3,300
143 Va
143 %
1441%
144%
144%
*13%
1,600
13%
*13%
13%
*13%
13%
30 y4
30%
30%
30%
30%
Allen
Allied
100
Industries Inc
Chemical
&
Allied Kid Co
6.300
par
Vicksburg Ry—_—100
Juneau
Albany & Susquehanna RR-
29%
*83%
Reduction
Alabama
No par
No Par
—
Corp
40%
5%
No par
25
Express
22
98
100
—
Steel Co
Adams-Millis
2%
30
preferred
Allied Mills Co Inc
1
Dye
No
par
5
No par
52% Feb 21
109% Jan 17
47
Jan 24
Jan
Year 1943
Lowest
Highest
t per share *
—No par
Abbott Laboratories
39%
*91
Lowest
Par
4%
600
Range for Previous
Range since January 1
STOCK
EXCHANGE
Abraham & Straus
30%
85
NEW YORK
Shares
114
55
31
30%
62%
114
*30
*91
for
the Week
61
2%
12%
Friday
$ per share
29%
143
j
STOCKS
Thursday
May 31
$ per share
Highest
$ per share
per share
61% Jun
1
113
May 22
52% May 24
51%
108
63% Mar
Jan
115%
Nov
35%
41%
Jan
52
Jan
57%
Sep
July
Sep
3
60
10%*Jan 27
26% Jan 31
12% Jun
1
7%
Jan
31
3
25%
Feb
22% Mar 11
42 Va Mar 13
14%
Jan
Apr
32% July
21% Mar
38%
Jan
48%
67
Jan
76%
Sep
Jan
7%
Apr
Jan
128 Va
Dec
53
19% Jan
6
37 % May 18
75
Jan 13
5% Apr 18
124
Jan
3
2
Mar 29
23% Jan
37
Jan
24% Apr
19
70
21
Jan
9% Jan
141
Apr
3
4
3
26
13% Mar 18
30
Jan
25
90
6%
'151%
2%
33%
58
28
81
May 24
May
May 23
Jan 15
May 5
3%
85
Mar 18
A
Jan
Mar 20
5%
Jan
.
13
Jun
3% July
32 %
Sep
Mar 18
13
Jan
45%
Mar 16
18 Vb
Jan
31% July
May 16
64
Jan
75
11%
Sep
May
7
Jan
7
140%
Jan
5
10%
Jan
14% May
35% Mar 27
16%
Jan
37%
12% May 31
150
Jan
16% Feb
165
Jun
July
Nov
Monday, June 5, 1944
COMMERCIAL & FINANCIAL CHRONICLE
THE
2314
Range for Previous
STOCKS
LOW AND HIGH
Saturday
May 27
May 29
18%
99%
99%
*99%
100
36%
37%
110%
20%
2%
20%
20 %
2%
21
98
98
*97 %
26%
26%
*60%
61%
27%
60%
17%
63%
15%
40-%
129%
9
60%
17%
17%
17%
*62%
63%
*62%
15%
'
v40%
15%
40%
,15 %
40%
129%
130
*129
8%
8%
*8%
89%
89
103%
27%
2%
*8%
8%
103%
,,27%
•103 V*
' 2%
8%
8%
*24%,
25%
*25
25 V*
5 Va
5
92%
94%
92%
93 %-
25
25%
24%"
84
84%
*83%
25%
84 Va
34%
34%
*
41
|
100
•
27%
27%
800
60%
60%
60%
1,700
American Airlines
17%
3,300
American
6,800
American
1,300
Am -Brake
17%
17%
17%
18
15%
15%
15%
16%
40 Va '
40%
40%
40 Va
40 Va
40 V*
9 V*
2,200
174%
173
*173%
175
/■
36%
35%
36 Va
35%
35%
78
35'/a
78 *
78
78
78
?
24 V*
24%
24%
x23%
*111%
112%.
118%
xllOVa
117%
11%
*11%
14%
14%
*103%
103%
103%
27 Va
27%
:
27%
25%
26%
5,300
2%
2%
2%
2%
2%
2%
f,1,400
8%
8%
a%
8%
8%'
9
'
2,100
Amer
x25%
25 V*
24%
24%
1,000
American Export
4%
10,000
27
24%
25%
4%
5
92%
93%
94%
94
24,
24%,
24
25 Va
23%
24%
83
83 Va
84
86%
*34%
84
84
*34%
35
3%
3%
3%
*39%
41
73%'
74
39%
39%
73
73'%"
73%;
6%
'6%
8%
8%
70'
*6T
71
*67 *
8 Va
8%
7Va
7
7
7
*7
7 Va
48 Va
48
48
48
17 V*
17%
17%
177/a
17 Va
17%
*91%
48
49 Va
*48
17
*
17%
17
91
92
92
92
92 V*
92 V*
xl5%
15%
15%
15%
15%
15%
11%
11%
11%
21%;
21%
21%
13%
*11%
21%
91%
34%
*2%
2%
*2 Va
46%
47%:
47%
45
34%
2%
48%
45%
9%
34%
45 Va"
44%
9%
9%
9%
■>
175
21%
35
35
38,300
American Rolling
Mach & Fdy Co
11%
"1,300
Mach
:i,ioo
90
*34 Vz
V
35
34%
34%.
2%
2%
2%
47%
48%
47%
48%
45%
47
44 V*
45
44%
45%
42%
44%
9%
10
10
10%
9%
50
1.100
2%
2%
2%
-
10
5,900
13%
13%
13%
13%
69 Va
69
69%
*170
14
14
14%
13%
14
10,400
69%
69
69%
69%
70
;;1 i,8oo
16
15%
15%
15%
16
15%
15%
15%
15%
J.5%
29 Va
*28%
69%
69%
*15%
29 Va
15%
15%
29 Va
37 Va
37%
37%
15%
16%
15%
15 Va
15 Va
29iVa
29%
37 Va
37%
151 Va
152%
*40%
41%
*
.
15lVa. 151%
41
29%
29%
151%
41V*
410
Amer
Amer
149
*41
42
15%
15%
24
15%
23 %
15%
15%
15%
15%
'
21
20%
20%
20%
20%.
20%
41%
41%
41%
41 Va
41%
41%
41%
.
160%
160%
41
41
28 V*
28 Va
28%
160%
161%
66 V*
66
65%
65 Va
65%,
66
67 V*
66 V*
% 146%
10%
10%
44
44%
146%
148%
149
65
146
441-7
44%
118%
119%
118%
6,%
6%
90 %
90 Va"
'7%
7%'
82%
82%'
*4V*
4%
90 Va
10%
*118%
119%
*118%
44
119 %-
*118%
7%
7Va
*84 Va
90 Va
7%
8
83%
83
4%
•4%
4%
*48. Va
50%
•
8
83 V*
83
2,200
-14
100
Corp
—
Wks & Elec
1st preferred—.
$6
\ 1,800
>•. ioo
49%
•
100
Foundries Inc.——10
American Woolen..
Preferred
(3,400
4%
4%
49%
Water
Am
ioo
82%
82%
4%
50%
4%
*50
■:
7%
■
preferred
5%
9,600
90 Va
7%
Tobacco
class B
American Viscose
100
7Va
*89
7%
90 Va
J
119%
7
7 Va
7
*88'
Amer Type
I 4,700
100
25
—25
preferred..
6%
530
3,500
44%
44%
Common
4,100
10%
10%
10%
44 V*
84%
.
148
10%
44 Va
50%
4%
146%
44%
7%
83%
*46
146%,
10%
7 Va
,
*87
7%
50%
American
67
No par
Telep & Teleg Co
Amer
1,100
——-—100
—
Sumatra Tobacco
Am
4
66%
10%
Preferred
13,100
161
160%
100
Refining—
American Sugar
I,200
29%
x29
Co
Stove
No par
—No par
..No par
100
1
Lead & Smelt
Amer Zinc
.—25
preferred
65 prior conv
5Q
25%
25%
26 Va,
25,%
26%
26
f: 9,200
Anaconda Copper
Mining—
26%
26.
26%
26 Va
26
26%
i
700
Anaconda Wire &
Cable..—No par
26
27
25%
25%
25%
25%
26
25%
23%
23%
*23
23%
y
500
Anchor Hock Glass Corp.
116
-
*23
23 %
23%
23%
23%
237/«
117%
*116 Va
117
10%
*116 V8
116Va
116 Va
116'/a
*116
10'/a
10 Va.
*10%
10%
2%
2%
*10
10%
*9%
*2%,
3
3
5%
*87
*102
2%
2%
*48%
49%
49%
49%
5%
5%
5%
5%
88%
88%
600
11,300
103%
103%
103%
103%
103 %
40 Va
41 Va.
40 Va
41%
4-1 Vr
41V*
40 %
10 %
10%
10%
10%.
10%
10%
10%
10%
10%
9%
-9%
9%
*9%
9%
9 Va
160
41%
41%
10%
900
104%
103%
41%
•
\'
88%
88%
89
88%
9%
9%
9%
*9%
*113%
115
*
14%
97%
97%-
98
92
92
92%
-
*33
36
*114
115
14%
98
98%
90%
92%
92%
92%
33
33
105%
*105%
106. Va
106%
66
66%
66%
67
66%
67%
94%
94 Va
94 Va
43 Va
94%
94 Va
43%.
44
43 V*
*27%
28 Va
64
*62
31%
*110
32 Va
111
43
*27%
62%
28%
28 Va
62%
*60
31 %
32 Va
31%
110
110%
*110
98%
98%
98%
92%
*91%
92 V*
36
*33
36
98%
92%
28%
63
32
110
<
106Va
*105%
67
67%
94%
42%
: 9,500
94 V*
i
28%
28%
62
*59%
*59%
62
32%
32
110%
110
13
13 Va
13%
13%
13%
13%
13%
13%
54 Va
54%
54%
*54%
55 V*
*54Va
55%
61%
61%
113
15%
*14%
113
112
60%
61
x60%
*113
15%
61
114%
15%
15%
15%
12%
12%
12
12%
79
78
78
;
500
200
.
6,700
61
61%
*113
114 Vz
'5%
110
4%
7,900
Atlas
200
1,190
61
40
114%;
600
16
16
3,900
preferred
non-cum
Atlantic
55,V*
*113
16
*15%
•
13%
61
Investment Co...
preferred.—
Atch Topeka'& Santa Fe
-5% preferred
—
Atlantic Coast Line RRAtl G & WAI SS Lines
110%
*54%
54%,
-
15,200
32%
32'/a
*110
1,200
—•—1
1st preferred
100
2d-preferred————-—^100
k5%
50
41%
29
9<k
6%
Assoc
ioo
67%
Refining
.
conv
pref series A
Corp—
preferred
6%
5%
conv
No npar
—.100
^—^^100
-—.100
—^10°
—--1
.—100
-25
100
-5
——50
No par
:
Atlas Powder
100
preferred..
Corp——.——No par
—No par
$5 prior A
No par
Aviation Corp of Del (The) ——3
Atlas Tack
Nichols
Austin
11%
11%
12
77
3%
3%
3%
3%
3%
78%.
3%
76%
3%
3%
3%
II,000
20%
20%
20%
20%
20%
19%
20%
9,600
Baldwin Loco Works v
20%
20Va
7%
7%
7%
7 Vz
7%
5,900
Baltimore & OhiOL^.
15%
15 Va
15%
15%
15%
8,300
10%
10%
10%
10 V*
10%
1,000
12%
12%
79
79
3%
.No par
^—-100
preferred.—
1%
■1%
270
40 %
Copper
W Paper Co
—
*78
11%
*77%
50
21
31%
Oct
Jun
Jan
86 Vz
Jan
34
66% Mar 13
52
Jan
76 Vt July
Jan
18%
Dec
Jan
61
Nov
8%
2
16% Jun
66% Apr
6
16% May 22
47
4%
Jan
42% Feb
25
27%
Jan
Jan
4
10 Va Jan
25
90% Jun
1
132
24 V*
Nov
18 V*
Jan
7%
14%
*9%
*65
.
7V*
7%
7%
14%
15%
97/a
10
10
65%
*65
15
23
23 V*
15%
.
7%
15 Va
*10
•
65%
*15 Va
65%
65%
65
65Vz
65%
65%
23%
23%
15%
•
May 25
107
Nov
116% July
96
Feb
112% May
113/4 May
6%
Jan
3
13%
Dec
18%
Feb
8
97%
Jan
104%
Jun
% Jan. 11
42'%
Dec
54%
Dec
2
Feb
16% Mar
105
Mar
53
4V4
Jan
1%
27/a Jan
7
10
Jan
26
6%
Jan
29
Mar 22
22 V*
Nov
23 Va
23%
23 Va
23%
23
23
16
*15%
15%
15%
15%
49%
*48%
49%
*48 Va
49%
I
350
1,900
15%
800
49%
40
15%
*49
49 V*
49%
*48%
15%
15%
15%
16
16
16 Va.
16 Va
16 V*
16%
16 V*
2,300
17%
17 Va
17
17Va
17 Va
17%
17
17 Va
16%
17
3,700
*27 Va
31%
*
106 Va
28
32 Va
107
28
*2TVa
32
31%
106%
106%
1 Va
V
lVa
1
lVa
834
8%
8Va
8Va'
*33 Va
114
*10%
35
34
34
114
112
112
10%
12%
37%
*10%,
For footnotes
10%
106 V*
rl
8%
34
*111%
10%
28 V*
32%,
*27%
32
28
32%
106%.
106%
106%,
1 Va
rl Va
8%
8%
34
114
10%
35
*34
*111%
*10%
.
114
10%
12%
12%
12%
12%
13
37%
38
38
38
38'/*
33%
see
page
2323.
*27 Vz
32 V*
28
10,100
32%
*106%
107
IV*
8%
12%
12%
37%
*27%
:
140
24,600
8%
"
8%
1,300.
preferred
>4%
Bangor
9
Jan
873/4
7
Jan
26
39
Jan
Mar 23
30
46 Va
21
Jan
21
Jun
35
53%
2
2
7% Mar 31
Conv
Barber Asphalt
Jan
70
May
5
May
Jan
Barker Brothers
5%%
7% Apr
48% May
Jan
9% May
5'/*
Jan
7Va
39%
Jan
*
Ba rnsdall
Oil
82 V*
Sep
12 V*
Jan
15%
Jun
7%
May 23
12
Mar 31
Feb
10 Va
Jun
'
13
Jan
3
Jan
27 Va
Apr
Jan
125%
Nov
X26
5
Jan
35
20 V*
116 V*
24% Jan
120
Jan
36
Oct
Bayuk Cigars Inc.,.—
Beatrice Creamery—
$4.25 preferred
Rights
Aircraft Corp
Beech Creek RR
Beech
*34
35
100
X112
113
400
Beech-Nut Packing Co.
100
Bel ding-Hemingw ay,
*10%
xll%
10%
11%
4,000
Bell
Aircraft Corp
.No
par
25
-No par
l9fl
Jan
18%
Jan
48%
OCt
49% Mar 22
16%
Jan
45%
Oct
10 V* Mar 13
6 Va
Jan
ll7/a Jun
2% Mar
170
1
May
10%
Apr
43 % Jan
69% July
8%
Jan
15 Va
12%
Jan
18
Dec
32% Mar
36
16
39 Va Mar 16
155
16% July
Jan
25
8
15% May 23
Feb
Jan
54
2
Jun
70
Dec
Apr
May
Apr
47%
Feb
161
Aug
35% Jan
45
Apr
144%
4
20
24
141%
Oct
151% Aug
27% Mar 16
19%
Jan
29% May
16 V* Jan
11% Mar
151
,
Apr
4
Dec
16
22 V* Mar 21
12
Jan
17% July
41% May 23
17%
Jan
33
Jun
91
Jan
115
Aug
Jun
xl22
.
30
Jan
2
323/4 Aug
21% Jan
21
158 V* July
161 % Jun
1
127 V4
Jan
66% Jun
2
42 Vz
Jan
67 V* Jun
1
43%
Jan
65% July
Jun
2
129%
Jan
146% July
11% Jan
19
149
3 '
63% July
12% July
6% Jan
49%
Jan
32
467/a Mar 16
119% Feb
3%
9
Jan
90 Va May 13
Sep
121V* Aug
115% Jan
21
8 V* Mar 15
May
88%
Nov
53%
Jan
9% Mar 16
3%
Jan
8% July
89 % Mar 16
55 V4
Jan
79 Vz July
3%
Nov
42%
Jan
5% Mar 16
,
7-
66 Apr 19
3 /a Jan. 3
50 Vz Apr
11
3
3
3
15
31
May 22
105% Apr 26
% May 20
8
Apr 25
31
Jan 11
112
May 29
;
27% Mar 16
24
Jan
29%
25 % Mar 25
16%
Jan
23% July
117% May 26
111%
Jan
Sep
Sep
6%
119
Jan
27
Jan
75
Sep
Jan
84
Dec
30
7
Jan
49
8
Jan
40% Jun
6%
10% Mar 16
10%
Jan
92
May 29
Jun
10 V*
Jan
4%
10% May 29
Jun
Oct
110
Feb?
6V4
10
92% May 31
37
Jan 13
Jan
15%
72 Va
14% May 31
Jan
97 Vz July
59
Jan
Jun
94% July
Apr
4
68% Mar 18
29
Jan
39%
Oct
100
107
Jan
108%
Nov
67% July
44% Jan
90Va July
66
Jan
24 Va
Nov
38
19
95% Apr .18
Jan
36V*
Oct
44
Jan
68
Oct
18%
Jan
28% May
'
44
May 31
30
Mar 23
Mar 15
65
Apr
Feb
3
7
Jan
99% Apr
3 Va
47%
Dec
46
6!/a Jan
89
115
14%
Jan
1%
Mar 22
Apr 20
41 Vz May
Apr
Mar
Jan
8%
3
116
34
11V* Mar 20
50
32% May 17
111% Apr
14
13% Jun
2
106
May
113 V*
Mar
Sep
6%
Jan
13% May
50 Va
Jan
57
61% May 27
52
Jan
9
113
Jan
123
Jun
16
Dec
56
117
Feb
24
Mar
16% Feb 21
7%
8
2%
Jan
84V* May
9
28%
Jan
4%. Feb 24
217/s Mar 16
9 % Mar
22
1
17 % Apr
12
Mar
22
16
May
50
May 23
4
18% Mar 17
18% Mar 15
29 Vs Mar
16
Apr
13
108 Vz Feb
28
35
1
Va May 27
3
11% Jan
34 % Mar 28
117
Feb 15
3
11% Jan
24
15% Jan
11
38
Vz Jun
.
1
Sep
68% July
Jan
13% May
10% Apr 25
13
Apr
31%
26% Jan 24
25% Feb
Apr
24% Nov
65% May 31
24
7V»
54% Mar
27% Mar 16
Jan4
33 Va Jan
Oct
173
Feb
154
14% Mar 16
7
10 Va Jan
4V4 May
7
52% Mar 22
Apr 19
May 26
Mar 31
Jan 25
15% Jan
Corp.
Oct
Nov
68
Mar 15
16
15% May 15„.
Co_^
Bath Iron1 Works
Feb
47
17% May
7% Nov
93
30
53/Wan
Jan
Sep
Jan
4%
6
xl9% Mar 16
_3
15- B.¬
14
18
3
43
preferred
66%
37 V*
21% Apr 25
12
Jan
4
Corp—
Apr
407/a Jun
8
8% Jun
23/« Jan.
-25- Feb
-59% Jan
24 /a Jan
107 /a Feb
H % Jan
60
Apr
4%
Jan
2
Mar 25
72
,
Jun
36%
Jan
,
Jun
July
78%
t
Feb
2%
4% Jan
74
Apr 2.4.
5s/a Jan
3
.
May
2
5
2
43
18
& Aroostook.
5% preferred-
Apr
29 V4 May
Jun
37
•
Jun
V10
1% Jan
5% Mar 16
97
90 Jan 3
-85% Jan -3
33 May 19
103% Jan 19 -53% Jan -3-
9% Jan
9% Jan
Jun
July
Apr
May 26
13
9% Aug
/
85 V* Aug
3% Nov
6%
Apr
103/4 Jan
20%
Dec
10
Apr
B
20
24%
120
Feb 16.,
Jan 26
Jan 24
Jan 7
Jan 6
£/4*Jan £
2Va Jan 2
42
Jan "3
4% Apr 19
74% Jan 385- Jan 335% Apr 18
- 9 % Feb 17 •
8 /2J"an 3
1521/ ^an "f'
52 A
112
14 Va
7
'
112
17% Apr
Apr 19
Apr 26
Jan 3
Jan 10
Jan 3
Jan 3
Jan 3
•
80
•
Jan 7
Feb 21
Jan 3
Jan 3
Jan
45%
Jan
59%
25% Mar 22
8
8% Jan
39%
116%
6%
84%
6%
67 %
4
44
24%
25 c
20
114
913/4 July
185% July
81% Mar 23
19
3
31 27 ♦
10v19 /•
25
12
J
:
9V4 May
Jan
257/a Apr
86% Jun
39% May 9
147
Mar 8
23% Apr 24
15
J&n 20
16% Jan 3
29
Feb 11
111; Jan ,7
26% May 17
156
Jan 6
56% Jan 3
57% Jan 3
139
Jan 7
Apr
Aug
134
Nov
71%
168
39% Mar 16
■
9%
Jan
3%
Sep
43% July
127% Jan
Mar 21
177
Associated Dry Goods—
210,
.
66%
94%
X41i%.
1
'
105 V*
105%
10
5,800
14%
P
Artloom: Corp...
1,000
f
14%
14%
13%
112
;! 7,400
? 1,400
«
115
*114
115
14%
*39
*94
41%
•
'
14%
105 Va
*105%
104
•
•
*114
14%
36
13%
14%
*33
w
115
115
103%
Mining:
20
Inc
-5
Archer Daniels Midl'd
No par
Armour & Co of Illinois
—5
$6 conv prior preferred
No par
7% preferred
;—100
Armstrong Cork Co-_...
—No par
Arnold Constable Corp—
-0
A
1,200
•
12.50
No par
div preferred.
$5
.
Andes
100
?
2%
5%
70
•
10%
2%
,
5
116
*10%
48 V*
5%
88
88
87%
2%
1
'
5%
5%
57/a
48
48
48
48
*47%
...
—No par
No par
—No par
Steel Foundries
American
500
28%
161 Va.
preferred———100
American Stores
1,900
122
*—.
Jan
Jan
23
Jan 13
147
—
non-cum
Amer
8,200
; 1,000
!
66%
64%
*46
;i 1,100
65
146%
6%
:■!
65.
10%
*118%
24
65%
146 V*
64%.
*121%,
121%
160%
*64
64 Va
64%
121V*
120%
28%
28
28
*27%
160%
6%
xl22
41%
125
Smelting & Refg
American Snuff
600
-No par
No par
100
25
Ship Building Co.
Preferred
560
,
21
21
21
5
15%
23%
*15%
13%
13%
26 V*
36%
American
149
*147%
15%
160%
120%
120%
*120
t-
•
41%
41%
*
.24%
X23%
24
24%
245/a
24
*20%
4
37%
100
2,500
•..!
151
151
153
4%% conv
■i
700
500
29%
37%
38
152
*147% 149
149
*147%
29
37%
33
152%
41V*
41%
Va
*147%
149
*147%
15%
—100
25
Mill
preferred
Sep
2% July
%
13%
.
Safety Razor—
18.50
American Seating Co.
—No par
'
*15%
&
Preferred
175
*170
175
5,900
;
175
13%
100
No par
Metals——No par
Amer Metals Co Ltd
—No par
6% preferred
;
——100
American News Co—
No par
Amer Power & Light—i
No par
$6 preferred
No par
$5 preferred
———No par
Am Rad & Stand San'y——No par
Amer
Amer
120
120
No par
preferred
7%
900
23%
17%
X67
46
Jan 10
14% Feb 4
80 V2 Jan 4
14% Feb 29
8% Jan 4
20
Feb 15
115 % Feb 18
32
Jan 21 *■
2Va May 1744% Feb 21 •
40
Feb 14 9
Jail 3
163
Jan. 22
12 % Jan 3
62% Jan 3
.50
Locomotive—
21%
21%
120
Co of. Ill
preferred
—
conv
American
*1,400
i
15%
11V*
11%.
21%
No par
.—1
Internat Corp,
5%
250
15,600
par
:——100
preferred
American Invest
1
92
No
Ice.——
6% non-cum
Amer
400
7%
15%-
11 %
*119
120
*168
175
*168
lVa
21%
11%
21 Va
*118%
119
119
119
*34
*168
-
7
15%
91'
.
*118
17%
Va
•
'4,400
48
49 Va
48
conv
American
4,500
8%
8%
8%
8%
33
Apr
3% Jan
39% Mar
65
Mar
4
Jan
61 • Jan
.7% Apr
6% Jan
Leather
preferred—
&
American Home
1,700
;
6%
:
lf
70
*67
:
—
Jan
59
No par
—10
:.l
;—;50
Products—.——s-1
$6 preferred—i
American Hide
Jan
1
14
68
Jan 10
15% Jan 10
American Hawaiian SS Co
100
6%
6 V*
6%.
6 Va
Lines Inc.—,;—,_1
No par
& Foreign Power—
preferred
-.No par
$7 2d preferred A——No pat'
$7
;1,300
43 V* July
.
Sees—.——No par
European
Amer
*3,000
1 300
,
3%
3%
41
.
34,800
35
*34%;
35
3%
Co
10
Sugar—.—.—.10
"6%
1st preferred
—100
Amer Distilling Co stamped
.20
American Encaustic Tiling—;.—-!
100
97
No par
.
American Crystal
6,800
91%
6%
71
-
4%
5
4.7/a
■
I
'
American Colortype
500
900
104
*103
104
,f
.
_——100
preferred..
conv
American Chicle-
270
14%
14%
1'4 % -
'?
12
*11%.
12
5%
100
110%
118
par
No par
Cable Inc
&
112%
118
No
preferred...—1.100
119 V*
111 Va
Xll8
7%
•
...
Fdy
Car &
non-cum
Chain
Am
4,200
24%
8%
8'%
7%
900
-r-100
1
25
100
...
Preferred
,
American
7,800
;
,
Can
American
440
t
.
78
No par
<
Cable
Amer
17,300
89%
Shoe Co
preferred
& Radio Corp
5V*%
10
:
8%
89%
89%
173%
173,
130%
9'/a
90%
9
9Va
89%
*129
130
*129
130%
,
.9.
88%
.
-50
Jan
17
31% Jan
May 17
Apr 25
7% Jan 3
60
Jan 14
7% Jan • 3
> 37% Jan 14
126 Va Apr 12
8
May 12
82
Mar 1
170 % Jan
5
33 % Apr 18
68% Jan 4
23
Jan 26
108 % Jan 20 •
108 % Feb 18
10
Jan 5 14
Mar 10
101 % Feb
7
25
Apr 19 2% Mar 6
8
Apr 25
23
Jan 26 -.
4% Apr 24
—1
Corp
Bosch
26 Va
100% May 18
58
10
Bank Note...,
97
May 29
40 V* Apr
26
iu
preferred
6%
63
*62
63
*62
Inc...,
Jan
5
Jan
3% Feb
Mar 29
82
par
Agricultural Chemical_No par
Amer
28
60%
,
63
*129
Petroleum
Amerada
1,200
.50
preferred.—
Corp -—No
6% conv
39%
97%
28
60%
72
73
*67
*
71
•'
*67
41
6%
6
6
*40 Va
73
73%
'
73
97%
28
*39'%
'
*40%
*38
*97
39%
*38
39%
97%
73%
111% Jun
21
Sep
Dec
Jan
5
100Va Apr
40
share
6%
16%
18% May 27
Jan 27
Jan
3
Apr 24
Apr 19
17% Apr 19
2
Jan 4
28% Jan 12
Portland Cem
—No par
Amalgam Leather Co Inc
1
300
15%;
3%
3%
3%
3%
35
35
2%
2%
15 Va
5 Va
5
2%
17.%
2%
27%'
"
2%
*62
15
2%
2%
No par
...—.100
preferred
conv
Alpha
2,300
14Va
12
14%
.,27%
*103'
20%
4%
1,300
20 Va
xll%
119
*11%
15
*14%
20%
60 V*
*
112%
119
12
*11%
20%
—100
preferred.:
Allis-Chalmers Mfg
10,900
38%
111
111
14 Va
96%
33 Va
105
Highest
$ per
share
$ per
$ per share
$ per share
No par
Corp..
Stores
5 %
300
100
37 V*
38
111%
Allied
17,400
18%
20 Va
24%
24
23%,
*111 Va
37 V*
7 27%
78
*77 Va
119
119
T
35
*99%
110%
97%
172%
35%
172%
35%
77%
77%
23%
23%
*111% 112%
34%
99%
*38
89%
89 Va
.
172% 173%
99%
*2%
98
27%
17%
37%
x20%
39%
*38
18 V*
110%
37
*110%
2%
*2%
39%
*38
18
99%
*99%
110%
36 %.
18
17%
110%
36%
110%
share
Per
Shares
S per share
$ per
share
$ per
share
18
17%
17 %
$ per
Year 1943
Lowest
Highest
Lowest
EXCHANGE
the Week
June 2
June 1
May 31
Range since January 1
STOCK
YORK
NEW
Sales for
Friday
Thursday
Wednesday
May 30
share
$ per
$ per share
SALE PRICES
Tuesday
Monday
3% Jan
6
Jan
5V4 Jan
34V* Jan
12
Feb
5V4 Jan
30
Jan
12Vs
Jan
13%
Jan
23 Vb
Jan
24%
Jan
105 Va
~7V*
Dec
Nov
25%. Jan
93
9Vb
Jan
Dec
9Va Nov
33
Nov
14% Apr
12%
Apr
63 V4
Dec
28V* July
15%
47
•
Sep
Sep
19 V* July
20% Mar
X29
May
33% July
X110
Sep
"i43/8
Sep
33 %
July
114
Aug
11% July
20 Vz Mar
39% Apr
Volume 159
Number 4287
THE COMMERCIAL & FINANCIAL CHRONICLE
LOW AND HIGH SALE PRICES
Saturday
May 27
$ per share
18%
56 Va
$ per share
*37'/a ' 38
*18%
*54%
37%
17% >18
173/a
57%
573/4
120%
.
120V4
STOCKS
Thursday
Wednesday
May 31
Tuesday
S per share
■
183/4
*54%
Monday
May 29
1
May 30
18%
56%'
56
t per share
*54%
57
56%
>
i
38
57%
37%
37%
37%
18%
18%
181/4
59% '
583/4
58%
■::
58ys
119%
1193/4
Best & Co
5,500
18%
583%
1,100
37%
18
57%
573/4
38
17%
37%
17%
Best
120
*117
120% 120 %
120
119%
8,200
;
800
47
46%
19%
8%
463%
46
463%
47
47
46%
-46%
19 %
19%
83%
19%
19%
193/s
19%
193/4
193/4
83/4
6%
8%
9%
83/4
8*/8
8%
.
8%
*17% ; 18
18
173/4
18 Va
*18
16%
16%
16%
16%
16
*100
16%
100%
*99%
100%
*99% 100%
*98
13
13%
12%
13%
13
13%
*15%
48%
*17%
49
16%
'100% 100%
100%
13%
13%
50%
51
;
48%
49%
50%
51%
95
95
95
*93%
95
49%
4'9%
50
*50
503/a
50 3/S
503/a
180
Class' B
*40%
41%
41
41"
42
42 3/4
42%
42%
700
Bond Stores
*113
115
115
*113
113%
*113
30.
95
115
115
f
115
■■■■'
32
315/a
32
31%
313/4
31%
31 s/8
313/a
313/a
37%
37%
37%
37%
37%
38
38
383/8
37%
37%
4,000
8,100
*3%
4
4
4
4%
4%
•4%
600
39%
39%
39%
*38%
4
*39%
40%
14%
14%
*50%
51%
*10
10%
31%
45
*47
14 Vi
*50%
10%
10%
10%
103/a
10%
313/4
32%
32%
33
44%
*42%
433/4
*42%
433/4
47%
473/4
43
*48
50
193/4
20
20%
193/a
19%
*197/4
10%
93/4
10%
9%
97/8'
19%
*19%
19%
*19%
9%
93/4
93/4
*119%
120
*119%
120
120
120
"
149%
63
65
73/4
18a%
18%
18
18
66 3/8
173/4
17%
33%
29%
*29%
33%
33%
29%
*28%
109
t
13 '■
12%
43%
43/4
*108 v
■>,
119%
8
•
65%
66%
7%
8
8
65%
*
18%
173/4
173/4
17%
18%
34
34
34
34-
29%
29%
8
29%
*108
v
343/4
343/4'
»
1,400
*1081%
109
13%
127/8
13
5
5%
5%
53/a
1.200'*
v
1
12%
4%
13%
5
*65
66
*65
66
*63
66
*50
50%
*50%
50%
49%
503/a
50
51
50
50
10 %
10%
29%
10%
lD3A
10%
lO3^
10%
10%
29%
*29%
29%
29% •29%
*29 y8
*29%
30
2%
3
3
*
66
*65
3
2%
133%
13%
13%
133/4
75%
75%
75%
75%
*20%
21%
*20%
27%
27%
273%
3
*2%
3
293%
•2'/a
3
1,800
»
13%
13%
133/4
14%
14
14%'
77%
77%
77%
777/8
81
21%
21%
22
22
22%
22%
22
27%
28
28
28
3,100
-
3%1
*273/4
*55
553/4
*55
553/4
'/a
63/4
*543/2
553/4
6%
6
6%
6 3%
63/4
18'%
183%
183%
183%
27
27
'
273%
273/a
,41
40'/a
40%
*40%
93/4
9%
91/4
9%
441/4
♦43
8%
T
•
1,400
8%
*47
1103/4
110
IIO1/2
283/4
28%
29
*43%
4%
36'/a
363/4
36%
36%
1523/4
1501/4
473/4
47%
.34%
47%
183%
183/a
183/4
3,200
28
271/4
273/s
6,600
41
41
41
41
-
9%
8%
111
29%
4%
36 3/a
373%
8%
37%
*150%
473/4
43/8
48
9%
44
■
■■'.
34%
341%
34%
1181/2
1181/4
4%
IP/4
121/8
12%
*4%
37
150
49>%
117%
11%
1183/2
121/4
12%
130!
9,400
550
111%
28
600'
43/8'
700
37%'
7,400.
1501/4
170
.173/4
173/4
173/a
17%
17%
173/a
530
20%
20 3/a
20
201/4
5,200
3%
3%
20%
3%
20
3%
33/a
800
111
111
11
11
11%
11%
11%
11%
113/4
11
11
V
25%
25'/8
25%
25%
251/2
25%
253/4
25
25
1
*93/4
97/8
93/4
97/8
97/s
10
10%
*9%
10'/a
*1153/4
10%
116
115%
1151/4
*1151/4
323/4
32%
323/8
32%
323/8
323/4
53/4
5 7/a
*1151/4
118
*32
118
*115%
323/4
32
32%
6%
6%
6
6%
653/4
653/4
66
663/4
63%
63%
63%
65
*17%
18
*25
253/a
*110% llli/a
32
*30%
12
12
451/4
*17%
6
67'/a
64
67%
65%
66 3/4
66
66
177/a
25%
177/a
6
*17%
64
*64
18
18
*25
25%
25%
253/4
*25
*111
111
1113/4.
111 3%
111%
111
200
800'
1,000
1,300
118
30
1,600
.5,100
65
3,950
590
66'/a
313/4
32%
*31%
32'/a
311/4
313/4
1,700
123/4
123/4
*12%
123/a
45 %
*123/a
12%
45%
1,300
45%
461/4
63/8
453%
46%
453/4
463/4
71/4
7%
73/a
71/4
15%
153%
7%
15%
7 3/s
15%
71/4
15
155/a
10,000
1,700
4,100
63/a
63/a
2,400
241%
243%
2,200
27%
28V4
51,000
593/4
31,000
15%
63/4
63/8
63/8
6%
6 3/a
6%
24
24
24%
24%
24%
24%
24 %
26 3/s
243/4
26%
263/8
27
26%
271/a
27%
28
57%
■
58
57%
58'/a
57%
58'/a
58'/a
59
17%
58%
173/a
17%
17%
17
17
173/4
1,000
17%
17'/a
18
173/4
177/a
1,000
17
171/4
*17
*17%
173/a
•173/a
*457/8
46
*52
521/2
*14
147/a
*14
147/8
15
14%
46
52%
2%
25/a
*24
527/8
14%
15
*2%
23/4
24
24%
861/4
46
24
86%
861/2
87%
,17%
/l8 ■
46'A
•■;
46%
53
53
23/4
193A
19 3A
1047/a
1047/a
60
60
91/4
433/4
*165
60
9
93/a
43V4
60
93/a
42%
42%
*165
*84
47
400
523A
420
14
14
200
*153/a
15%
15%
151/4
400
23/8
25/8
21/2
2%
600
24%
*243%
241%
60
87%
20'/a
87 '/a
9,300
20 '/a
2,800
20'/a
105
9
9
43%
*84
88
*84
88
114
114
*113
114
423/4
*107
43
43
109
*107
109
109
109
94
*92
95
*92
*531/2
551/2
*533A
55%
33%
331/4
333/4
95
*531/2
333/4
333/2
36%
*149
1151%
.
36%
155
36%
363/a
*149
155
II51/2
115%
671/4
67'A
*663/4
115%
667%
28%
283/4
283/4
291/4
*107
107%
*107
IO71/2
55%
34
363/a
36 3%
♦150
155
1153/4 117
*661/4
•
66%
*283/4
291/4
*107
IO71/2
293/4
30'%
*84
57
*53
1,600
10
57
343/a
37
341/4
37%
*150
155
117%
*36%
107 3/8
•17%
173/4
22f%
17%
233/4
22
223/4
22
22%
247/a
24
221%
241%
243/4
223/4
24
23
23
22
23%
221/2
21%
21%
321/2
323/2
213%
321/4
32
32'%
317/s
31%
313/2
1071/a
30
30%
*1111% 113%
'
•
Southern
Canada
Ry
Mills—
■173/4
37%
Jan
13
44'% May
I83/4 jun
Case
1,500
28%
140
4,700
107%,
110'
297/a
1,400,
*111%. 113%
16%
163/4
22.
■'
'
.
»
Rlt of New Jersey—/
Apr
Jan
Jan
1
Jan
*
43
■
3
6
68.
Mar 27
3% Jan
Apr
Jun
May
109%
Oct
Jan
153/3
Jun
Jan
Jan
21%
75
Jan
,41
6
6% May
49
53/4; Jan
20%
3
May
Oct
10% July
Jan
293%
27% Jan
Nov
Jan
5'/a Apr
181/4 July
Nov
83%
16
Jan
25 Va
22%
Jan
30% July
563/4 Mar. 8
52%
%
Jun
56
'/a Jan 11
Jan
1% Mar
7'/8 Feb 28
6Ve
Deo
93/4
181/2 May 24
18
9 3/a
65 y8
283A Mar 11
18
Apr
10'/a
2%
10 3/4 Mar 13
.8
54 % Aug
9%
297/a Mar 13
Feb
<
105
,
52 '/a Mar
Nov
6'/a Nov
9
*13 3A
Nov
137/8 AJan
193/4
,
,
15.% Mar 16
Jun
2
22% Jan
18
81
3
4
33
146'
a
44 %
31%
113
11
17
19'A
25/8
107
8%
—100
Apr
May
Feb
40
X85
Jan
971/2
28
25%
Jan
31 Va May
x43A Mar 14
3'/a
Jan
32 Va
Dec
,
303A Feb
39
12
Mar .16
151
May 13
-
40
Nov
26%
Jan
40%
96 3/a
Feb
Jan
3
123/a Mar 13
8 3/4
Jan
Jan
3
18'/a Feb
1
16 3/a
16%
Nov
21
Jan
23 s/a
17A
Jan
Mar 13~
Apr 20
Jan 13
22
Jan 31
111
21
May 12
15
Mar 20
3 3/a Apr
Jan
973/4 Jan
Jan
18%
Jan
25
3
Jan
98
Mar
115
4
x33
Jan
41
3
Jan
73/a
Jun
Jan
72%
Oct
Mar 28
32%
163/4 Nov
187/b Mar 22
18
27'/a Feb 24
4
112'/a Feb
347/8 Mar
4
7
18
109
Dec
34
July
50
July
13 '/a Mar 16
48
19% Apr
24
July
Jan
99% Jan
8'/a Jan
4
Feb
6
33 3A
Jan
Mar 24
2%
Jan
9%'May
18% Mar 24
7%
Jan
173/a May
71/4 May
Mar
19
3
3
Y'/b Mar 22
4
253/s Mar 22
Jan
9
3
2*Va Jan
10%
21 y8
Jan
2
6
183/a Mar 14
Jan
193/a Mar 16
3
15 Va
Jan
2
36%
Nov
47
Jun
53
Apr 27,
48
Dec
143/4 Jan 22
11%
Jan
■16% Jan 29
13 '/a
24
28
16% Dec
Apr
413/2 May
'54
May
153/4 Apr
22
Jan
Jan
Jan
33/2 May
7
1
8
Jan
1
67%
5
Jan
12
107
56 3/a Mar 28
65
6 3/a Jan
Jan
Jan
103/4 Jan
963/a Jan
20% May 18
Feb
5
143/4 Jan
27
4
Feb
23A Jan
Jun
18
3 3/4 May
Deo
243A Jan
5
883/a Jun
May 29
773A Feb
Jun
28% Feb 24
591/4 Jun
14% May
l3/8 Jan
47
13
323%
.
Apr
85 3/a July
153/4 Aug
Sep
106
631/4
Dec
%
Jun
8
12
9% Mar 17
447/b May 10
155
Apr 10
78'/2 Jan 29
US'/a Jan ■ 3
109%
Jan
1
12
283A
Jan
747/a Jun
116% Aug
42 '/a Dec
101%
353A Feb
17
148
Jan
7
76
Jan
3
111
Apr 21
37% Apr 20
106
Mar 27
x44'A Jun
32'/a
Nov
123
Mar
67
Feb
391/4 July
145
Dec
Jan
108'/a
923% Jan 10
84
Jan
21
50
Feb
sep
Sep
483% a/[ar
40
July
.153
Sep
109
Jan
"
82 V* Feb 26
52% Mar 22
53
3
343/2 Apr 20
383/2 Mar 15
307/a May
—No par
Co——No par
—
-1°°
Sep
Apr
66% May 31
38 3A Jan
Molybdenum
Jun
Deo
83/4 Nov.
6'A May 26
67% May. 31
37% Jan
3
16'/a Jan
preferred——!00
Clev & Pitts RR Co 7% gtd—50
Special gtd 4% stock—
50
Jun
Aug
3
116
21% Apr 25
51% Apr 18
153/a Feb 24
5%
111
13
4 % Jan
Louis Ry. Co.—100
preferred
100
pfd
No par
Graph Bronze. Co (The)——1
July
3% Mar
8
26'A Mar
15
Jun
Sep
143/4 ,Apr
103A May 11
Apr 22
Apr
5'/a Jan
Clev El Ilium $4.50
Dec
Dec
120'/a
Jan
104
Dec
Apr
547/2 July
501/2 Mar 13
40'A Jan 24
ll7/8 Jan
Equipment———.—No par
147
1221/a Mar 16
44
Chrysler Corp.;—
—5
City Ice & Fuel
No par
6% % preferred
-100
City Investing Co————100
City Stores
—-—
5
39%
127 3/a Jan
2
277/a Jan
,
5%
Apr 24
Jan
Jan
18
Jan
Dec
Mar
11% May
47% July
9 '/a Apr
46 V4 July
Jan
23
Class A
—x———
—40
Ghlcago Great West RR Co—-50
5% preferred
—
x—50
Chicago & Northwest'n w i—No par
5% preferred wi
—
100
Chicago Mail 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
cjhickasha Cotton Oil.
10
tChilds Co
—-No par
Chile Copper Co
25
4 3/a Jan
-
Apr
Apr
38
36>A Jan
8'/a Mar ,16
Jan
4
Apr 19
Jan
5
108
11
Jan
6%
453/2 May .11
17% Apr 13
Co———-No par
29 Va
48'/a May .26
111'A Jun
2
Feb 19
110
30% Feb 15
.45/a Apr 19.
May 1
57
May 8
58
Products.—...——1
6% prior preferred.——
x-100
Certificates of deposit—100
1
,
Mar
273/4
"
203A Apr 19
7'A
Jun
.
10'/a Feb .18
4
97
1
Jun
41
4
Jan
28
Jan
373/4 Mar 13
151
.
33i/a Nov
333/4
Jan
Dec
92i%
54
Apr 13
142
1
1
88
Jan
61
Dec
683/4
Oct
1
161/2
Jan
25
Dec
12
xl033/a
Dec
17%
Jan
1093/4 July
28 3/a July
Jan
1147/a
145
Feb 18
111
Feb
26
Jan
11
673/2 Jun
Jah
6
Mar
2
295/8 Jun
108
Jan
.
May
—
Coca-Cola Co
(The).—,~~No par
-No-par
Class A
Colgate-Palmolive-Peet—r.-No par
$4.25 preferred—
No par
Collins & Aikman
preferred
—No par
100
No par
,
62 %
23 %
103%
25 A
109%
14%
H73/4 Jun
303/4 May 31
Jan 11
Apr 25
29
114
Feb
Apr
173/a May 8
233A May 27
247/b May 27
19
3
223/4
22
22
1,740
Colorado
100
113A
237/s
22%
23%
2,330
Jan
4
31%
31% '
12%
13
26'A
4
22
Jan
4
May 26
323/4 May 24
31%
31%
31%
31% '
1st preferred—.100
2nd preferred—100
Columbia Br'd Sys Inc cl A
2.50
Class B
-2.50
Jan
21%
313%
21%
313/4
25%
Jan
4
32 3/a May 25
'
Jan
3
76% Jan
13% Mar 16
5% Jun
1
Jan
1,700
1,000
104i%
24
110 i/b Mar
3
273A May 18
Certalnrteed
&
Jan
May 29
May ,31
May 31
34% JUn
17
43% Jan
>
—No par
of Amer——No par
1,300
430
421/4 July
201/4 July
10% May
1181/2 July
9'/a May
1161/2 May
Jan
6%
8% Mar 13
24% Jan 3
53 3A Feb 24
1 3/4 Jan
4
6
May 9
15 V* Jan 3
23V4Feb 8
33% Jan
7
8'/a Jan 3
425/8 Apr 4
6% Feb 19
Co———100
—25
—No par
Colo Fuel & Iron Corp
'
Jan
13
v.;
.
Central Violeta Sugar Co——
conv
293%
Jun
July
*
Century Ribbon Mills—x—No par
Preferred
x_
——.—-100
Cerfo de Pasco Copper
-No par
5%
.8.
20
5 % preferred
——
20
Central Aguirre Assoc;_x—No par
Central Foundry Co———
—1
Central 111 Lt 4%% preferred—100
Clev
May "27
19'/a May 26
10 Va Mar 13
120
Jan 27
2% Apr 25
2d preferred—.——;——100
Celotex Corp
—No par
Clark
9 '/8* Jan
Apr ,10
44'
123/a Apr
67y2 Jan
7%
♦Cent
2
28
Cox————X..25
100
(J I)
Preferred
1
Jun
431/4 Apr 25
8"% Jan
4
—
"
17
48.3/4 Jun
54
.16
Carpenter Steel Co—
—.5
Carriers & General Corp—-——1
Preferred
663/4.
29%
4
4
Canadian Pacific Ryx—
Cluett Peabody &
117
♦1073/a
44
123/a Jan
Copper.—5
Campbell W & C Fdy
—No par
Canada Dry Ginger Ale———-5
Climax
28%
30'/a
Jan
107:
Calumet & Hecla Cons
4,700
66%
Jan
33
:57/8 Jan
—x—1
Packing.
1,400
117
29 3/a
20%
44% May 26
Apr
351/4 July
——-—i
34%
155
67%
33
14
313/a
•
•
Apr
28
Jan
8ya Jan
116
Jan
—x—
.100
7% preferredx-100
37
*150
1173/4
66 7/a
29
171/4
30.
43%
-09
*55
34
t
12i%
Jan
14% Jan
i—No par
5% preferred——x.——
...50,
Callahan Zinc-Lead————1
5%
94
*1113/2
2323.
43%
*1061%
*92
293/4
page
114
109
•
8Nov
Dec
403/4 Jan
C. 0, C. & St.
88
114
94
113%
see
400
*92
293/2
For footnotes
42%
*84
44'/4
.
*111%
317/s
3,700
114
*106'%
29%
*313/2
91/4
88
1133/2
17%
200
*165
29 3/a
1131/2
80
621/2
42'/a
43
*1123/2
x43
105
93/4
91/4
*421%
*111%
17%
321/4
*31%
62
*165
88
42%
105
60
93%
433/4
,
20%
105
*59%
*165
42%
20%
60
114
423/4
88 3/s
87%
105
60
*1121/2
*92
*52 3/a
243%
87 7/8
197/a
*104%
47
14%
23/4
873/a
193A
52 7/a
243/2
*24
1047/s
463/4
*14
153/8
153/s
*193/2
463/4
52%
14%
:■
*14
*104%
.
.
10% Mar 17
4
38%
27
Champion Pap & Fib Co
No par
6% preferred
—
—100
Checker Cab Mfg—
5
Chesapeake Corp of Va—
—5
Chesapeake & Ohio Ry
——25
Chic & East IU RR Co..—No par
121/4
73/4
8'/a Jan
Jan
Jan
Jan
Chain Belt
200
315/a
15
Nov
283/4
Jan
500'
-
30%
73/4
Nov
45
23
20'%
600
18
253/a
112
*11%
15
6%
6%
66s/s
18
25%
111
45%
*7 Va
*147/8
6
14'/a
20
Feb
May 12
247/a
4,700
251/4
.
1)3/4 Nov
52
40
2
113/4
173/4
llO'/s
163/2 Mar 13
1
307/a Mar 16
C
:
6'/a
7
conv
'
,
Jan
31
May 12
278/a Jan 25.
Celanese Corp
20%
1103/4
.
2'%
39
Caterpillar Tractor—
3%
,!"
53/a Mar 22
18 '/a July
370
173/4
*11
383/8 Mar 11
29%
2,900
20%
111
3
3
May 24
Nov
4,400
3%
*110
32
16
48%
173/4
110
3
20 3/a Feb
Capital Administration Class A—1
$3 preferred»A.—xx.—.—*—10
Carolina Clinch Se Ohio Ry.
100
20%
110
July
Apr
2
163/4 May 19
Cannon
50*
173/4
1103/2
Oct
39
Jun
Jan
800'
'•
*3%
*110
"~30
115,
8
.
14 y*
34%
*3%
Dec
22% Jan
263/a' Jan
May
96'/4 July
193/4 Mar 18
600
83/s<
483/8
20%
3%
35
.
67.
118%
115/s
Jan
,
47% Jan
34
48%
17
73/4 Apr
17
Jan
118
34%
118
113/4
'
28
377/8
34%
118%
111
'
93/a
441/2
*8%
*473%
152
48%
343/a
34%.
■■
44
8%
1503/4 1503/4
48
'
48 Va
*473/4
110% 111
X28
28
4%
x.'
,
9%
*43
43%
118%
11 s/a
2,100
18'%
48%
110%
1503/4
118
6%
273%
93%
*291/8
4%
*150%
.
41
*47
29
*4%
6%
.
600
183/4
8%
48%
110%
;.
273/8
43%
8%
481/4
551/4
*3/4
63/2
July
1
3
preferred..
—30
Butte Copper & Zinc..——-x—5
Byers Co (A M)x—.'——No par
5%
California
1,100
'
Xl8
437/a
*433%
8 3/a
48 Va
6%
51
423/4 Jun
12 3/4 Jan
Participating preferred—
1-106
Byron Jackson/ Co._xx..—.—No par
390
28
*541%
553/4
:■
27
*40%
93/a
*54%
%
Jan
407/a Feb
——.—No par
preferred
-
28
Nov
38'%
No, par
—
Termhial...
6%
,,
-
Jan
85
3
.———No par
Bush Term Bldg
Butler Bros
400'
77
;
41%
4
37% Jan
,
,Burllngton Mills Corp...
—1
5% preferred x-x—x.——100
1
700
8,200
July
21'A Mar
563/2 May
Feb
3% Jan
Buffalo Forge Co——I——1
Bullard Co——/
x.—:—No par
Bush
'
Jun
100
,
11% Nov
52 3/2 Mar 13
343% Jan
■
1
Jan
19
95
109 7/a
Burroughs Adding M&chJ—No par
103/a;
10%
76
29
Jun
191/4 July
131% Jan
91% Jan
.
Dec
152
12,900
-
66% i
ll'A
40
981/2 Jan
12,800
51/4
*64%
19 3A Mar
Jan
3/a
333/2 Jan 26
.100
„
Jan
6
50 3/4 Feb
5
Corp
Jan
16
4
(assented).,100
...5
Bower Roller Bearing Co
Braniff Airways Inc
2.50
-15
Brewing Corp. of America
Bridgeport Brass Co.
No par
Briggs Manufacturing.—.:—No par
Brlggs & Stratum...
No
Bristol-Myers Co.
....
Brooklyn Union Gas.
.—..No ■par
—
69 y8 Apr
1211/2 July
Jan
273%
2
153/4 Feb
Nov
88% Apr 18
28 3/i Jan
Bulova Watch.
1,400
293/8
109
*108%
18%4
Jun
Sep
46% Jan
..in
$5 preferred :
Wheel
x.
v
12%
5
109
*173/4
—.5
———
(The)—
Budd
-500/
37
lOOi/a Jim
.4
12% May 29
45
Jan 26.
173/4 Jan
1,840
6,500
-
is y8
18
...
93% Mar
Bruns-Balke-Collender-.
No. par
Bucyru^Erie Co—J
5
7% preferred
100
Budd (E G) Mfg—
.—.No par
7% preferred——x..xxxx—*1400
380
:
663/4
7%
•
*18%
;
preferred
100
...5
3934 Jan
42,800
Jan
H0'/4
16% May 24
Jan
No par
40
73/4
83%
54
»/4 Mar 16
4
16
200:
1503/2'
July
93/4 Mar 18
183/a May 31
Brown Shoe Co
14,300
38
62
3
100
120
73/a
*145
1513/4
18%
13
4%
'
7%
*18
109
123/4
73/B
15134
67
18%
*28%
*108
66
8%
18%
*33
'
150
X7%
-
8
152
7%
2,200
'
1493/4
65
8
:
8
7%
•
;
20%
Nov
Jan
143/4 Mar 14
J3
500
441/4!
193/4
; 9%
•
193/4
'
10,300 1
48 V*'■
*42
9%
7%
48
20 s/8
46
120
6,000
44%
*42
150
433/4^
20%
46
7%
10%
323/4 I
*42%
*42
142%
103/a
32%
195/a
20%
300'
57
22%
1211/4 May {23
47
May 26
193/4 Jun
2
3
73/4 Jan
Boston & Maine RR
3,000
'
*43%
43/2%
Inc
Borg-Warner
'
3P/4
44
*119%
143/a
52
47%
'
*19%
<
143/8
51s/8
16% Jan
No par
No par
1
—,
Borden Co
400/
391/!1
14%
52
10
193/4
44
39%
145/8
50%
315/a
47%
*19%
39%
14%
50%
*43%
31%
*43%
39%
14%
51%"
14%
*50%
1
4
>
......
Bon Amt Co class A——A
200:
31%
*3%
24
Bohn Aluminum & Brass...
49
95
49 '
41%
113%
37% Feb
No. par
...5
1,400:
48%
49%
*41
2
l-No par-
Boeing Airplane Co
95
Feb
19i% Mar 22
4
preferred....!
Blumenthal & Co
*49
173/a
54%
56'/a Jan
15% Jan 20
56 >A Jan
115% Feb
No par
-
4,200
*94
$ per share
13% Mar
24
393/a Mar 25
53% Apr 21
33% Jan 28
Laughlln Inc.x—
Bloomlngdale Brothers
...No par
20
$ per share
Mar 13
19
'
13
13
Lowest
$ per share
4
100
,
Bliss &.
180
Jan
No par
(Del)
preferred..
Blgelow-Sanf Carp' Inc
—
400
;
16 V*
17
par
—I
...
Bethlehem Steel
Black St Decker Mfg Co
Blaw-Knox Co
1,900
7,700
is y8
*18
J.8%
16
......
7%
1,500:
:
No
——
Foods
$ per share
No, par
.div series *38_No par
*
*
19%
Pr pfd $2.50
■
'
*"46
Par
Beneficial Indus Loan..
200
56yz
Lowest
«
.1,200
Range for Previous
Year, 1843
Highest
Range since January 1
Highest
EXCHANGE
Shares
183/4
183/4
18%
NEW YORK STOCK
the Week
;June 2
$ per share
*18%
18%
56
Sales for
Friday
June 1
$ per share
19
2315
Southern.—
4%
non-cum.
4%
non-cum
1
23
108
133/4 Nov
123
July
Oct
193/a July
19
2 3%
Jan
3%
Jan
3
Jan
19y4 Sep
173/4 Sep
Jan
26 %
Deo
Jan
26%
Deo
153/4
15%
Sep
THE COMMERCIAL & FINANCIAL CHRONICLE
2316
$'
>
4%
4
82 %
4%
*82
$ per
share
$ per
per share
June 1
$ per
$ per shafe
share
4j/4
4%
4%
4%
4%
82%
82
82%
83%
83 l/a
83%
%
*72
4%
4%-
74
74
*72
74
71
72
*72
*88%
90
*89
92
91
91
91
91
91
91
20 %
19%
20
19%
20 J/8
19%
20%
44 Vs
44%
44 y8
39
38 y4
39
19%
20
20
*43
*43
44%
'
38%
39%
39
*106%
*43%
38%
*106%
107
43%
43%
107
*106%
44
44%
44
43 %
43%
43 y4
43%
43%
15%
15%
15%
15%
15%
15%
15j/2
15%
15%
%
%
83%
%
83%
%
H
%
u
84%
85
85
85%
85
85%
26%
26%
26%
26%
26%
26%
26%
%
■
84
26%
26%
26%
*12%
13%
13%
13 y4
24%
24%
24%
X24%
26%
26%
27
27
13 y8
13%
24%
•
'
•
3%
3%
3%
21%
21%
24%
24%
24 y8
27 y4
27
3%
3%
21%
21%
♦
99
21%
21%
104% 104%
,4%
4%
104%
104%
4%
21%
21%
22%.
4%
21%
'10%
21%
104%
104%
t
104%
4%
4%
21%
21 %
4%
21%
22
10%
10 y4
10%
10%
10%
10%
307/a
30%
31
30%
31
30%
31
30%
30%
12%
12%,
12%
12%
12%
12%-
12%
20%
20%
20%
20%
20 y4
20%
104%
"
*10%
30%
4%
.
21%
"
12%
12%
12%
*20
20%
*20
15%
15
23%
8%
*108%
24
110
10%
10%
44%
44 y8
10%
31%
26%
6%
31 y4
31%
31%
31 y4
31%
x30%
*25%
25%
25%
26%
26 y4
26%
27
13%
*13%
13%
13%
13%
14
14
14
14
41%
*42
42%
42%
42%
42%
43
43%
43%
Xll%
*47%
11%
11%
48%
*47%
18%
11%
11%
48%
*17%
18%
49
48%
48%
48%
49%
49 y4
49%
'
11%
8%
Continental
Copperweld Steel Co—
Conv pref 5%
series-.
Corn
650
Corn Products
Preferred —
Refining—-——25
51/4
5%
5%
5%
5%
5%
5%
2,500
*2%
2%
2%
2%
2%
2%
*2%
2%
1,100
24
24%
10,800
106
106 y4
410
23%
1,000
Cream of Wheat Corp (The)
24%
24%
106%
105%
23%
23 %
23
19%
33%
34%
48%
*47%
17 y4
32%
17%
17%
19%
48
*17%.
-17%
99%
99%
30%
30%
30%
30%
*77%
78
24"%
78
78
*24%
24%
25%
14%
14%
14%
14%
*120
116%
106%
5%
*105
5%
44%
44%
15%
5
15%
15%
15%
115
*110
23%
24
24
*7%
8
*7%
*19%
25
*19%
14%
*110
15
—■■
115
24%
9
96
Jan
110%
Sep
:
26% Jan
36%
Jun
15%
Jun
32% Feb
10
5
10
May 24
42% Feb
5 % Jan
7
3
109
13% Mar 16
7
Jan
Jan
3
40% Jan
6% Jun
1
46 "
29% Apr 14
24% Apr 19
12% Apr 24
33% Jan 22
28% Mar 13
18%
38 Va Feb
29
43% Jun
10% Jan
4
49% Sep
7% May
37% July
27% July
4% Jan
25 y2 Jan
47
Mar 20
15% Jan
3
44% Jan 10
52 y8 Apr 28
173% Apr 29
5
2
; 13 y4 Mar 20
50
Jan
4
19% Jan
11
49% May 31
58% Jun
2
183
Feb
29
Jan
3
6% Jan 22
1% Jan
6
3% Jan
18% Feb
7
104% Jan 20
20
Jan
3
Jan
15% Mar 15
24
15
Jan
53
45
37
1
Jan
53% Jan
173
Dec
186%
2% Jan
U
6
Jan
95
Jan
16%
Jan
6
Sep
May
2% May
22% July
14% Jan
Mar 14
Apr
Apr
Aug
17% Aug
47
Apr
61% May
13% Dec
22
24% Jun
109
X9% Jan
108% Aug
23% Mar
Oct
Oct
17
Oct
270
♦
78%
'
—
116 Va
7%
—■
3,500
1,900'
6%
43,100
5Va
15%
15%
*110
•
2,100
100
112
Jan
25
100
106
Feb
4
22% Jan
18
22% Jan
-5
—
—100
101
Jan
No par
97
41
1
5
—
3,400
4
4
5% Apr 25
No par
—No par
Apr 25
Apr 24
Apr 25
1'
15% May 15
100
No par
114% May 20
21 Va Apr 28
A—...
Cutler-Hammer Inc.....
Nov
7% Jan
Cusbman's Sons Inc 7% pfd
24%
X66
'
—
:
9% Jan
—
Class
115
24
24%
2,300
15%
5
9
28% Mar lO
14% May 31
—
preferred.
Curtiss-Wrlght'
80% Mar
3
$7 preferred—:
3.400
4
10
Prior
820
46%
44%
Jan
23% July
27% Dec
11% Feb
—
Curtis Pub Co (The)
69
30
Inc——
preferred
33% Mar 16
100
20% Jan
—
4%%
Mar 14
4
100
preferred
conv preferred——
Cuneo Press
Jan
Jan
11% Jan
81% Jan
97% Jan 20
28
9
—10
Cudahy Packing Co—
10
107
preferred——
pref erf ed_
Cuba RR 6 %
Cuban-American Sugar.
20,200
145
6
.
5%
•
1,410
,,
14%,
No par
—No par
100
$5'conv preferred^
Crucible Steel of Amer_.
400
•
25
par
5
"
3,900
26
107
115
24%
Feb
40 y4 Jun
105% May
Oct
31
No
preferred-
Crown Zelierbach Corp_
'
500
5%
15%
.
25
15
*110
23%
*23%
5 V8
5
5%
11%, Jun
17% May 31
24%
6%
44%
x4% Jan
10
9
106%
45
44%
MarlO
7% Jan 27
15% Feb
$2.25
3,500
*
24%
1
108
45 y4
23% Jun
47
*104%
25%
104%
15%
15%
115
,
*24%
104%
5
5'%
5
25%
106%
6%
Jan
18% Jan
26
25%
*103%
45
Dec
16
Feb
37% Jan
116 Va
■27 1
25%
106%
100
Dec
107
May 27
14%
*130
6%
Aug
18%
47%
48
24%
109%
100
2
;—
16
Jan
7
34% Mar 22
14%
6%
preferred
4% Jan
33% Jan
1
—-
conv
16% Mar 10
17% Feb 21
48% Feb 21
24% Jun
Coty Inc—
——
1
Coty Internat Corp
—1
Crane
Co—
—————————25
5%
27% Mar
21% Mar 16
*78%
79
108%
—100
—
Oct
21% Mar
3
25%
116%
■
29%
,
1
14%
*116il«
11
2% Feb
3
25%
116%
6%
24% Nov
Jan
*78%
•116A
109%
31% May 19
July
3% May
19% May
8
Sep
45
31 Va
145
5%
Jan
7% Jan
16% Jan
31%
*124
103
44%
103
103
%
5ya May
8
22% May 19
11% May 11
Apr
24% July
105
27% Feb
14%
26%
Jan
_No par
78 Vz
27
Jan
Crown Cork St Seal.
25%
26 Va
15%
91%
Crosley Corp (The)— „ ——No par
14%
26 y2
4
400
99
145
/26%
*105
Jan
2,000
25%
■
23
106% Mar.21
6%
4,500
78 Va
11
5
19%
31%
31%
Dec
Jan
47%
17%
99
•>.
*122
*25y4
25%
31%
70
,
99%
*99
99 %
30%
3%
4
34%
*47%
17
116 y8
116 ya
26
26
*25%
"
17%
99%
Jun
24% Nov
19%
34%
47%
17%
17%
Jun
25
34
20%
34
*47%
48
*22%
23%
145
*125
145
*116%
100'
100
24%
106
19%
19%
33%
Xl9
19%
*32%
32%
*47%
*19
47%
X24%
*105%
23
22%
23 %
23%
24%
107 y4
24
106%
106%
11
Jan
Jan
15
20
Corp.—_1
Exch Bank Trust Co
-20
*5%
24%
24
106%
Jan
10%
>
Jan
Electric
5%
2%
2%
17%
12
89
—No par
No par
.——5
50
2%
*5
July
2
,—No par
Cornell-Ducilier
3,700
177
177
27
104% Feb
20
Continental Steel Corp
57
176
Dec
Jan
5
-5
*175
176
82
21%
102% Jan
——1
Motors——
57%
176
36% Jan
10
4
Continental Oil of Del———5
2,900
58%
58%
100
—
Cooper Bessemer Corp
$3 prior preferred-
70
49%
49%
58%
preferred.
Continental Can Inc.——
1,100
18%
18%
49%
57%
57%
,
48
18%
par
4
Jun
July
1% May
Jan
—20
174%
57
176
*174%
*110
18%
11%
48
3
12
14% May 24
45
50
Pow $4.50 pfd-—No
174%
57
57
.
18%
18%
18%
11%
Jan
12% Jan
25
,—
—
.
Continental Baking Co_—-—No par
6,300
2,700
31%
48
$2.50; preferred
Container Corp of America
430
48%
pfd
conv
Consumers
300
11%
7% Jan
24
—15
Gas
Continental Diamond Fibre
31%
49%
Natural
Continental Insurance—$2.50
26%
11%
■
;
33,400
31%
*41%
5
13
1,900
6%. :
*25%
*13%
*48%
2% Jan
16% Jan
2,800
10%
45%
6%
■
15
$1.25
6,100
45%
6%
29y4Apr
300
40
10%
45
6%
6%
6%
,6
109
6%
24% May 29
10
400
■
9%
45
xlO%
10%
45
13% May 23
27
$2 partic preferred—-—No par
Consol Laundries Corp——:
—3
2,100
3,600
6%
23
20% Jan
87% Mar 11
26% Apr
Consolidation Coal Co
24%
10 y4
8 % Feb
21% Jan
.
2,200
24%
45
16
2,600
24%
10%
Jan
Jan
3
107% Sep
17% Nov
24%
45
44%
39%
9%
a*3
Mar
% Jan
22% Feb" 23
24%
39%
7
16.
3
23
Jun
44%
3
21% Feb
July
Jan
Jan
102% Jan
Jan
29%
24% Jan
3% Feb 17
Jan
11
1
79
Edison Co———25
41
44
Jan
25%
10
45% Jan
18
"A Feb
30%
104%
106% Jan
15.
$5 preferred————No par
Consol Film Industries—:
—1
300
109
14% Apr
par
44% May 31
41% Mar 18
3
3
104%
40%
40% Feb
25.
11
18% Jan
104%
109
Feb
-No par
Consol ER of Cuba 6% pfd
100
104%
40
37% Jan
105
-No par
.
1,400
:
104%
109
39% Jan
.
19 % July
Jan
9% Nov
104%
40
100
9
24
15
39%
par
—10
Oct
08 % July
79% Jan
15 y8 Feb
48
39%
39%
10%
k—-._No
73
3
14%
*108% 110
110
*108%
39%
24
Sep
Jan
11% Jan
*47%
9
16%.A$r
77%
37
May 24
20% May 29
Jun
Jan
1
15
■9%
par
Consolidated
47%
9
No
.
Consolidated Vultee Aircraft
15
9'/4
91
6,500
47%
9%
14
6,900
15%
15%
Feb
Consol Edison of N Y——No par
2,600
:
-
15
24
9
8%
10%.
84
share
5%
40 y2
9
Mar
$ per
1% Jan
85% Mar 14
Congoleum-Nairn Inc——No par
—No par
Consol Copper mines Corp.5
3,700
47
104%
24
9
24
10%
par
Consolidated Cigar
1,700
21%
14%
47%
104%
104%
104%
104%
v
15%
15%
16%
4%;
4%
21%
47
15
14%
*47
48
*47
16
16
15%
15%
15
*20
»•
.
80
Highest
$ per share
6
Conde Nast Pub Inc——No par
3,300
14,200
1,800
104%
.7
$6 preferred series——c. -No par
900
3%
3%
Feb
preferred—
conv
Commonwealth
;
1,800.
<
70
Commonwealth & Southern. -No par
600
t
27%
3%
7,300
;
24%
27 y4
3%
104%
•
12%
12%
13%
24%
27%
27
3%
21%
13.%
15%.
.100
Coram'! Invest Trust--—
Commercial Solvents—
3,100 ■
7,800.
15,800
4,300
;
%
83%
'
4 y4
5% Mar
3
Credit
Commercial
Apr 25
-No
$2.75 preferred
100
5,000
38%
Pictures
Columbia
3,300
4
Lowest
$ per share
Jan
—,
Carbon Co
Columbian
$ per share
76
preferred series A
5% preferred
*
300
v
46
*43%
46
38%
38%
*106% 107
107
*106y4
107
73%
Year 1043
Lowest
par
100
6%
100
•
-No
Columbia Gas & Elec
1,800
83%
82%
*72V4
Par
17,400
.
Range since January 1
Highest
*
Shares
$ per share
share
EXCHANGE
the Week
June 2
Range for Previous
NEW YORK STOCK
Sales for
Friday
Thursday
Wednesday
May 31
Tuesday
May 30
May 39
May 27
STOCKS
SALE PRICES
LOW AND HIGH
Monday
Saturday
Monday, June 5,* 1944
125
May 10
116 Va May 10
29% Mar 15
25% May 24
106% Feb 11
6% Jan
6
105 '
*
14%
Feb
10%
Jan
18
106%
25%
:
12
30 V2
17
Jan
7
17% Mar 23
5%
116
45%
9 Va
Dec
14% Nov
Jan
3
96
24% Jun
1
Dec
Sep
Apr
24% Mar
119 Va Nov
15% Jan
117
Oct
7% May
Jan
12
Oct
Jun
107
1% Jan
Jan
Jun
26%
'
Jan
Jan
47% Jan
6% Jan
118
Jun
115% Dec
92% Mar
100
99% Aug
38
July
82% July
22% Aug
Feb
26%
Jun
D
7%
8
*19%
25
15 %
is
/
•r
-
14%
-
'
"
'
*7%
•=•*191%'
;
14%-
-
*111%
111% *
26
*24%.
26
25
25 y4
41%
42
42%
*34%
42%
42%
34%
*111%
111%
25
-•
14%
42%
2,800
35%
*34%
35%
19
*18%
42%
34%
34%
*34y8
19%
*18%
19%
18%
18%
*18%
28%
28%
29%
30%
3i y4
30%
31%
30%
8%
8%
8%
8%
8%
8%
8%
8%
8%
19%
19%
19%
19%
19%
'•
34%
35
1,200
20
19%
20
19%
58
*55 V*
Decca
Deere
St
19%
Feb
3
29% Jan
5
*55 y4
34
34
34%
34%
570
29%
29%
29%
29%
29 i/a
29%
2,200
*38%
39%
39 %
39%
39%
39%
39%
39%
39
39
1,000
16
16%
16
16%
15%
15%.
6,100
4,400
I
58
15%
16%
35%
35%
36%
X35
35%
34%
35%
34%
34%
*97 y4
98 y8
*97%
98%
*97%
98%
*97 y2
*16
iey4
16%
16%
*16%
16%
*16i/4
16%
*45
*45
15%
.
5%
45%
46
45%
45%
45%
45%
39%
39 %
39 V*
39%
39%
39%
39%
39%
39%,
22%
22%
22%
23%
22%
23
22%
23%
23
231/4.
48%
48%
48%
48%
48%
48%
48%
48%
119
119 y4
120 »/2
120%
*119%
109%
109%
33%
109%
33 y4
109%
33 y4
.
9%
14%
*118%
120
*ii8y4
♦147
146%
146 %
149%
150%
125%
125%
125%
*125%
125%
118%
118%
11%
11%
35%
35%
118% 118%
11%
35%
*125%
35%
44%
44%
'
'
8%
8
..
163 Va
.
181
—
•—
8%
'
——
'
163%
•180
—
42 Va
X18%
42%
11%
11%
11%
*4%
4%
4%
18%
4
*4
4Va
4'
4
'
'
•
—
93%
88%
88%
*88%
89
*41%
42%
*42
42%
*60%
107
32%
62%
107,
164
183
44
44%
44%
18%
18%
43%
11% ,11%
32%
62%
♦107
—
—
**
4
4%
—
'
—
'
92%
92%
89
89
89%
42%
42%
*42
42%
*32%
•—
63%
4
4%
88
rnmmm
33
,
4%
91%
mmm
108%
4
4%
33%
•61%
63%
*107
108%
93%
32%
*63
*107%
4
93%
*89
42%
.
;
4
4,300
1,400
1,000
89%
42%.
33
63%
20
12
11%
11%
9,700
11%
12
11%
11%
11%
12
97%
97%
97%
97%
97%
97%
97%
97%
97%
97%
2,030
99%
99%
99%
99%
99%
99%
99%
99%
99%
99%
680
*102
102%
102
For footnotes
102%
£2
%
see
page
n
2323.
11%
102% 102%
£2
£2
102
102%
*£2
%
,
102
*
102%
£2
%
270 1
800
44
Jan
5
28% Jan
21
8% Apr 19
11% Feb 11
116% Mar 28
137
Feb
7
131
110
May 17
34% Mar 13
122% Nov
X106%
153
May
107% Dec
35% Jun
Dec
16
Jan
10%
Dec
1
9
Jan
13%
115
Jun
122%
Apr
Oct
134
Jan
159% July
Dec
130
150% Jun
2
,
2
5% Jan
124% Jan 11
128% Mar 24
124
117% May
120% Jan
.
115% Deo
9
Dec
25% Sep
73 % May
.
Nov
May 22
12% Feb
15% Jun
120
34
Feb
15% Jan
20
Aug
121% Sep
9% Nov
11% Dec
28
31% Jan
44% July
Endicott Johnson Corp
A% preferred
...
Engineers Publlo Service.
$5 preferred
1
$5% preferred
$6 preferred
JEquitable Office Bldg
.
Jan
24
41.
Jan
3
9% Mar .16
167% Mar 31
3%
8% May
Jan
170
146% Jan
May 23
Xl73
44% Mar 17
35
184
184
Sep
.
16% May
1
18% Mar 16
4
43% Jun
1
8% NOV
1% Jan
par
4
Apr 18
81% Apr 25
78
Apr 24
19"
30% Jan
12% May 24
4% Mar 15
par
par
par
50
—100
«...
1
No par
No par
No par
No par
10,
Apr 18
3% Jan
4
39% Apr 28
27% Feb
7
57% Jan 25
101% Jan
19
.
5% Mar.' 6
Jan
Jun
•
Sep
39% July
Mar
14
'
5% May
6% May
Nov
99% Mar
3
31% Jan
92
94% Mar
4
28% Jan
28
33% Jan
88% Nov
42% Sep
43 % Feb
33
May 22
63% Mar 13
107
Apr
13% Mar
17
3
8% Jan
3
87
Jan
3
98% Feb
89
Jan
3
99% May 29
92% Jan
10
% Apr 25
1%
May
45% July
Jan
37% Jan
2
3
.
175
5
—3
El Paso Natural Gas
'
.
11% Feb
:
,
400
108%
25
20
Electric Power St Light—..
No
$7 preferred.
.—No
$8 preferred,
No
Electric Storage., Battery—No
.
800
63%
*32%
22%
57% Feb
Feb
Electric Auto-Lite, (The)
Electric Boat—
s Elec St Mus Ind Am shares
400-
*107%
33
63%
108%
38% Feb
5
17
Jan
.
3,900
93%
May 19
Oct
Dec
16% July
45
July
39
Edison Bros Stores Inc
.
4,7005,900
4%'
47
25% Jan
114% Apr 26
106% Jan
7
100
Jan
12
900
900
10
41% Apr
May 13
35%
Jan
83% Jan
24
Apr 25
^ 6% Jan
3
157
Feb
7
44%-
11%
21%
25
331
6% cum preferred———.100
Eaton Manufacturing Co—.——.4
18%
9
Jan
16% Feb
100
Nov
May
10% Feb 28
Eastman Kodak Co—-——No par
43%
8%
Eastern Airlines Ino——t
Eastern = Rolling Mills.:
—5
,
10
,11%
4%
-
800-
18%
43%
11%
No par
—100
.
6
47
—No par
,-No par
Feb
33% Jan
4
21% May 12
par
No par
'
43%
18%
43%
4%
8%
Xl64
*179-
5
No*
3
41
Eagle-Picher Lead Co——10
5,200
165
17
43% Jan
—Nonpar
Casting Co—
.
1,200
1,200
183
42 Va
14
(EI) & Co—20
$4.50 preferred-.
No par
Duquesne Light. 6% 1st pfd—-100
1101
Jan
Jan
29
Du P de Nemours
300
11%
165
18%
'
.
8%
.
(
35%;
•180
11%
Wi.
.
4%
93%
*32 Va
8%
♦35
;
94%
94 %
,44%
11%
'
"35%
42%
42%
11%
18%
.
183
44%
.
8%
164%
12
nya
35%
8%
-•
18%
42
11%
35%
35%
„
44'
44
11%
■
118% 118%,
Apr
35% July
33% Mar
95
Apr
15% Jan
-
—
Duplan Corp—
8% preferred
5,900'
48 %
Jan
X27% Feb
x29
Dec
10% May
22% July
Mar
Corp-Seagr's Ltd—No par
preferred—.
;
100
;
No par
Cup Co
$4 preferred series A—
No par
Dresser Mfg Co—
i—
—No par
Dunhill. International———!
600
20
149 7/a
♦11%
181
900
149%
125%
*163
1,600
15%
149
118%
'
9%
*14%
„
118%
125%
8
9%
15%
147%
118%
163%
9%
15%
147
119
183
*9%
118
125%
*7%
9%
15%
9%
15
120
*118%
163%
3,200
14%
.
*125
*182
34%
9%
9%
15%
*9%
15
109%
33%
40
37
Dow Chemical Co-—
121%
109%
34
3
17%
Jan
8
1,300
120%
109%
56% Mar
16%
15% Apr
36% May
-
Douglas Aircraft—
i'20%
33%
Mar 23
.
Jan
11
3,100
109%
20
3%
13% Jan
par
preferred——. -25
Dome Mines Ltd
119%
Jan
8% Jan
2
partic
Doehler Die
120,%
Jan
12
24% Sep
July
36% July
20 % May
43
17% Jan
4.100
109% 109%
34
33%
33 y4
p
26
1,000
•
1
MarlO
31
Class A
300
45%
46
39%
48%
Distil
Dixie
35% Jun
x20
36% Mar 23
No
Diamond T Motor Car Co
100
Jan
32% Jan
Diamond Match
6%
Jan
%' May 12
38% Mar 31
Devoe & Reynolds A—No par
98%
*16.
98 y4
iey4
15%
35%
*97%
52
Detroit Hillsdale & S W RR Co.. .100
58
34%
29%
Jun
10
26
9% Mar 22
12
34
*55%
116
12
26% Mar 13
42% May.31
31% Mar 27
18% Jan
29 %
58
*55y4
108% Jan
113% Apr
3
-20
34%
'
Jun
17
Detroit Edison——-—.
29 y4
.
Mar
19
17% Jan
3
34%
58
33
19
Jan
17% Jan
5% Jan
Oct
Jan
.100
-50
7%
17
12
._10
Delaware Lack & Western—
3% Jan
14
—.
5
18
18
Delaware & Hudson
4,100
May 27
Jan
36% Apr
32% Apr
13,000
8%.
8-
15% Mar 10
20'
21% Jan
19,200
30%
33%
29%
*55%
111
18
May 24
par
-20
No
Deisei-Wemmer-Gilbert
100
4
13% Apr
—1
—
Co
Preferred
1,100
19
6% Jan
19% Mar 17
—
Records Inc
4,900
42%
41%
.
Davega Stores Corp———. —5
.-25
5% preferred———
Davison Chemical Corp (The)... —1
.100
Dayton Pow St Li 4%% pfd
600
*111%"' 111%
26
*25%
42%
111%
*18%
28 y4
8
r
;
26
*24%
25
♦*19%
'-14%
'
1
*24%
*111%
in%
*111%
■
8
8
„.
"
15
%
8. \
103
28
May 25
12
% Jan
23%
Jan
X32
Sep
58% July
49%
Jan
101%
Dec
103%
2% Jan
9%
Dec
Sep
54
Jan
92
57%
Jan
92%
Sep
62%
Jan
96
Dec
%
Jan
Sep
1% Mar
Volume
159
-Number
THE COMMERCIAL & FINANCIAL CHRONICLE
4287
LOW
$
May 30
$ per
12
xll
57%
*80 %
PRICES
STOCKS
Wednesday
May 31
1
Thursday
11%
-
11%
Friday
June 1.
$ per share
share
11%
June 2
S per share
11%
11%
11%
11%, 11%
11%
11%
58
57%
57%
58
*80
85%
*80
85%
9
8%
8%
8%
12
12%
12'A
12%
31%
31%
33
3%
3%
*3%
.33%
3%
*3%
40
40
40
40%
■;
23%
24%
23%
23%
•
12
12%
12
12 V4
<t
57%
*80
*80
85%
8%
9
1,900
Eureka
4,700
Evans
35
34%
35 Va:
34%
34%
3%
7,200
Ex-Cell-O
3%
3%
*3%
3%
40
40%
40%
41
23%
23%
23%
23%
12;
12%
12%
12%
16%
16%
102%
*101%
102%
20%
16%
16%
*101% 102% '
20%
20%
17
20%
*20 >A
20%
20%
18%
*18
18%
*18%
18%
18%
7%
7%
7%
7%
7%
26'A
25%
26%
26%
27%
18%:
;
96%
,*96.%
97
*96%
97
96%
96%
>20%
.'49%
21%
*21
21V4
21*
49%
49%
49 Va
49%
21%,
49%
48%
48%
48
48%
48 Va
48%
V.,.48
107%
107%
*108
106 %
107
39
39%
22%;
*105%
%■
107
39%
22 Va
.
*39 %
39%
22%
22%
22%
107
107
*105%
*36%
37%
*36%
37%
*37
*27%
28%
*27%
28%
*28%
*6
6%
*45%
6
46%
13%
13%
20%
22%
15%
16
93
93
38
109 %
*4
•:
3%
21%
22%
95
4
14%
■.
36%
3%
14%
*17
17 Va
5%
•
17
*11%
12 Va
44%
12%
*7%
44%
!'•
9 Va
93%
*27
<
27 V*
36%
36%
43 V
43
2%
125
125
112
112
131
*130
59%
*127
127 Va
*45%
47%
8%
8V4
20%
20%
7%
*107%
1%
*22%
119%
*118
1%
38%
38%
38% V
38
38%
3,100
109%
111%
330
5%
21%
18
18
77
43%
5%
5%
Gen
6,500
8
8
155
149
107
8 Va
>
8
152
149%
9%
9%
9%
4%
5
4%
4%
14
13%
14
13%
35%
V1 42%
♦113
2%
59%
.*127%
48
i
VI-
8%
*9%
94%
94%
27
94%
*26%,
148
36%
(36%
43
130
131
f."
60%
*127%
129%
48%
48%
8%
8%
8%
8%
x20Va
20%
20 V4
20%
7%
8
107%
107%
*107%
108
1%
1%
1%
1%
22
23%
22%
23%
*118
119%
*118
18
18
■
,
v
7%
-.1,900
Gen
21%
18
17%
77%
79%
78%
24%
25
*24%
25%
*24%
*27%
27%
27
27%
28
28
28%
114
*111%
22%
*95
23
101%
10%
.15%
*27 %
*111%
23%1
23%
103
10%
15%
99
28%
23%
82
•
114
*101%
81%
15%
*81%
15%
*95 fA
*48
1%
10
*101%
Va
10%
81%
*81%
23%
10%
,15%
15%
98
96 Va
20%
*48%
48%
48%
48%
49%
49%
*48%
50
*1%
1%
3%
3%
46%
*107%
Va
*108,
15,800
21
1%
.
3%
98%
48 Va
49
*102
,50
102%
47%
47
•
47%
109
13%
109
108%
*96%
X49%
*102
47%
,
108%
*108%
13%
13
*108
12%
109
*108
98%
50
102%
47%
109
13
109
1%
1%
3%
*96
49%
*102
1
183/a May 20
3
54% May 19
10% Feb
11
Jan
5% Mar 13
13
4
143
Feb
3
4% Jan
&
Tire
1%
49%
50%
102%
47%
48%
108%
108%
*12%
102
12%
*1.07%. 109
..
99%
493A
8,200
109
100
48%
■
109
12%
*107%
9,300
300
12%
1,700
Brewing
$5 preferred
43V4Jan
117
17
10
3
11
125
4
Gotham
34
113%
% Aug
May 27
93
July
130
Jan
107%
137
Jan
56
Nov
Feb
11
125%
17%
Jan
13%
Jan
4%
Jan
Jan
8
3
12
109'
Jan
Feb
5,
118
Apr 11
.lVsJan
3
May 24
...
Jan
123/s
5
23% Mar 13
10
103%
v: 3*a
Mar 16
l3/4 Jan
39
112
Jan
Mar
Nov
6 Vb
July
24% May
81/4 Jun
Jan
X104
Sep
July
July
1311/4 May
Jan
2 V*
112
Nov
2 Vb
May
25% May
115
Aug
3/a
Jan
12
31 Va
Jan
59
19% Apr 25
23% Mar 20
15%
Jan
233/a Mar
14% Jan
18
9%
Jan
15 ya
51% Jan
77
2 Vb Mar 21
83
12
4
Apr
May 27
88% Jan
May 15
19
Jan
6
14
19% Feb
5
99
69
8
Feb
7% Jan
103
17
3
6
Jan
Jan
91
Jan
24V8
15%
113% Apr 22
23a/4 Jun 1
Jan
108
Jan
143/4
Jun
Sep
16 V*
28% Jun/. 1
Jan
1%
60
22
25% Mar 16
223/s Jan 20
Dec
July
Jun
233/8 May
113
Jan
Dec
25 3/a
Jun
Mar 31
11% Mar 22
"43/4
Jan
83
603/4
91/4 May
May
Jan
74
5
Jan
14V4
Jan
7
Apr 17
15% May 29
96% May 26
59
Jan
85%
18 Vt Jan
4
21V4 May 31
143/4
Jan
223/8 July
493/8 Jun
41
Jan
48
11 Vb Jan
X83
No par
45
-50
1
19
Apr 26
1
Jan
——1
40
1% May
Jan
3% May
Sep
> 971/4 Aug
50 V* Jun
1
24%
Jan
Feb
17
83
Jan
102
483/8 Jun
1
25%
Jan
110 Va May 11
Jan
90%
Jan
41% July
108% July
4V4
Jan
9%
Apr
Jan
101%
Dec
104
363/8 Feb
104'A Jan
13 V* Mar 18
8% Jan
No par
100
Oct
Jun
13/4
100
Feb
98
•ft Jan
Sep
73%
4% May
4
Feb 18
85 % Jan
—No par
1
2% Mar 27
3
23/4 Jan
Co„—100
No par
——
Dec
Nov
2
iJOVs
No par
Hosiery
Dec
83%
8% May 12
213/e Mar 16
1V4 Apr 25
Sep
3
120%
44%
493/4 Jun
No par
No par
Co_
44 '/a July
119%
128%
112
May 27
131% Apr 13
60% Jun
1
4
Nov
39% July
Jan
1
32% May
148
Jan
3
3
3
6% Jan
Goodyear Tire & Rubb
No par
$5 convertible preferred—-No par
Preferred
109
6
Jan
Jan
3
107
No par
—
Jan
Jan
5
Jun
81/4 May
18% May
98 V4 May
Jan
3Q3/4
373/4 Jan
Jun
Aug
9V4
Jan
20%
Apr
100
(B F)_„
Goodrich Co
713/4
130 Va
110
Rubber Co
Gold & Stock Telegraph
8
18
Mar 23
100
(Adolf)—
Gobel
fGoebel
1,600
Jan
Dec
Jun
151
Jan
7%
No par
preferred
conv
2 3/8
28% Feb
18% Apr 26
20
$6 preferred-.
(The)
4% %
.
102
47%
?
Mar 17
Jun
Apr'
Apr
Aug
91/4
-
Jan
4% Jan
preferred—No par
preferred
Jan
Mar
363/4 Jan
1
V Glidden Co
1,300
1%
33/4
*96 '
•
5,100
53/4
134
4%
150
1253/4 Jan 28
100
1
No par
Aj.Gimbel Brothers—
200
3%
3%
99%
200
.
11
May 26
2
2 V4 Feb
—10c
Corp——
51
973/4 Mar
4
X40% Apr 27
par
11%
107
Jan
153/4 Mar 16
24
SPA Feb
Jan
Jan
6
25V» Apr 19
Feb
63/a
37
10% Mar
4
81% Jan
-14%
531/2
Jun
102
152
3
11% Jan
par
63/a
Jan
14
8% Jan
8
6 3/4 Jan
Jan
93/4
473/4 Mar 13
'
Jun
4Va May
3
51
Mar 22
107% Jan
413/4 Apr 28
73/4 Jan 24
No par
No par
i
fGillette Safety Razor
$5 conv preferred
4,100
96%
21
102%
48%
*102
•'
15%
20%
3%
3
Jan
35
preferred——
4% %
100
*95 %
1%
4% Jan
106
4%
' Mar 17
51
16
-—-No
Railway
.General
4,600
82
21%
*96%
Adv A
Mar
13 V4 Feb
18
'
98 Va
>
July
-10
Telephone Corp
Gen Time Instru Corp
180
20%
1%
30 Va
Feb
General
600
700
103
*95%
3%
Jan
.-No par
Public Service———
6%
20%
98%
19%
Gen Steel Cast $0
r?:
283/a
20%
*3%
2
General Shoe
114
20%
*96 Va
43 V4 Jun
4
7
9,730
A
25% A
48%
20%
13
10%
82
15%
99
22%
101
10%
10%
15'A
15
*112%
100%
*81%
10
v
41/4 Mar 11
16% Mar
2,100
793A
77%
10%
Oct
25% Feb
par
No par
400
17%
77%
82
14%
General Refractories
5,300
21%
77%
10%
Jan
No par
•
*21%
24%
*81%
Jan
Jan
2,700
1%
78
Jan
1%
Signal—
6% preferred
Gen Realty & Utilities
$6 pref opt div series
119%...
Sep
17
38'/4 July
31'A Jun
9 Vb
•
223A
Dec
75
Dec
2%
Corp—No par
General Printing Ink
1
$6 preferred
No par
Gen
77%
114
■
15'/4
Feb
293/4
7
Gen Precision Equip
30
5%
50
22
No par
preferred
Outdoor
1
15V4 Jan
140
preferred
$5
May
2
Mar 18
1,000
1%
111% Jun
Jan
1%
77
1
100
Corp
Common
2,200
;
38% Jun
102
*1%
*118
81
18
8
15
128
Gen
700-
108
May 31
100
22%
1%
..
*78%
21%
.
A
•;io8
h-
119%
1%
1%
-
V
Jun
333/4 Jan
Jan
300
49%
Jan
17
98
3
29% Jan
4
103
Apr 18
100
General Motors Corp
3,400
129%
21
13
115
1,700
48%.
19% May
Jan
15
112
5%
Jan
163/4
12
Jan
No par
—No par
80
Dec
10 V4
Apr
13% Jan
$6 conv preferred series A-No par
General Mills
No par
24,400
13% July
54
233/a Mar 24
70
No par
.
Gen Gas & Electric A
V100
/
605/a
Jan
Feb
5
No
preferred———
Foods
Dec
93/4
23
30% Jan
No par
preferred—.;
$4.50
,
50
1113/4
4
5
5
Cigar Inc>
preferred
General
110
3,100
.r
18
Jan
No par
General Electric Co—
3,300
;
23A
Jan
9 % July
53
39 V4
Mar 13
5
_50
—
cum
1%
18,200
*127%
48
8%
1%
50
36%
131
60%
7 %
General
500
;
Jan
3
;
.
Class A
330
•
V
26%
Jan
30%
20
———5
General Cable Corp——No par
900
124
*110%
131-
60%-
128%
*123
116
131
•
Jan
3%
7
16
No par
preferred
$8
19%
8
60
General Bronze Corp
1,400
;
113%
2%
124%
*110%
•
60%
*113
2%
*123
,
-V
42% "42%
113
2%
.
2,400
148
36% ;
42%
113
2%
% •20%
8
7%
•
60
94 Va
26%
148
36%
42%
114%
14
93
27V4
148
*146%
20
.1
>
9%
5
22
22 V4
8
149%
Jun
1
83/0 Mar
583/4 Mar
Jun
4
Transportation
Amer
28
29% Mar
May 18
1
$6 preferred
45.
*44%
5
■{
21%
100%
12 3/8
12%
*106
45
Jun
2% Jan
General Baking
12%
107
44%
36
23/4 Jan
Inc
Gen Amer Investors
1,900
12%
*106
Jan
14% Mar 28
-No par
Gaylord Container Corp
5%% conv preferred
2,400
V4
81
22%
1,600
;
12
44%
*78 Va
100%
5,000
20
107
253/4
12% Jan
Ao
Co—
Wood Industries
*
24%
21%
(The)
Gar
V
24%
*100
Co
38% Mar 17
_1
A
.
July
—20
Gardner-Denver
5%
109
1
No par
(Robert)
;.
18
*112%
Gamewell
9,390
(The) cl A
Inc
preferred
»;
77%
114
Co
6%
17%
5%
*24%
*112%
Gabriel Co
Galr
400
16%
27
22
18
40%
2,400
7,500
.'
Jun
Jan
Jan
5
——100
39%
22 Va
153/a
Jan
1
Jun
97%
11% May
10
Jun
July
May 13
53%
,
No par
.
54%
1%
21%
.
preferred
Mar 11
23% Mar 10
5% May 16
46
pfd—_100
Co
*53 V4
81
21%
■
3%
14 3A
*17
17%
.'
4%
3%
*14%-
?
4% %
Trailer
Xl6%
13%
119 Va
1%
*78%
3%
Fruehauf
54%
22%
*118
79
4%
4%
,
-•
3%
41
109
2
10
109%
4
4
Jun
25
Freeport Sulphur Co
7,800
17%
7%
1%
77 Va
Jan
_10
F'k'n Simon & Co Inc 7%
116
22%
23
31%
35% Jan
183/a May 4
104% Jan 13
par
1
Machinery Corp_
Foster-Wheeler Corp.
6%
prior preferred
Francisco Sugar Co
110
93%
1%
107% May 31
10
600
131
7%
1033/4 Apr 25
100
17
*130
*1%
43
Fair Stores Inc.:
17%
*107% 108,
1%
Jan
Corp
54%
20%
7%
108
25%
preferred
31%
*110%
20%
48% May 25
No
97%
*146%
8%
503^
8
3
Steel
conv
17%
;
'48
19%
Jan
383/4 Feb
24% Jan
100
9%
127%
Jan
42
No par
5%
2,500
*123:
8>A V
Jan
12%
50
13
55%
60 •' r.
*45%
78%
2^ May 25
27
34% Jan
22%
116
127
98% Feb
3
Jan
—100
Stores
16%
7%
V, 131
5
Jan
par
20%
*17
,
-
Jan
17
25
—
Apr
25V4 July
98% Nov
45
No
20%
..
1
3%
93
par
*22 %
4Va
Jan
par
130
Apr
15
No
Follansbee
1,900
Dec
6V4
1
—No
22%
128
59%
60
6%
18 Va
27 Va Jun
Florsheim Shoe class A
28%
29 %
3
(The)
49
Dec
Feb
Jan
2
Florence Stove Co
200
37%
111%
Jan
12
Jun
preferred—
$4.50
21%
17%
2%
*111%
*130
Flintkote Co
20
21%
111:'
22%
8
1
97%
12%
43 •
2%
*123
v
preferred
First National
6,300
*22%
17
4
105 Va July
$2.50
Corp__
31%
44%
114
113
2%
800
-
21%
41
36%
42%
114
*113
4 Va %
;
_100
300
Enamel
98
*106
148 /
35%
preferred
conv
109%
22%
par
Firestone Tire & Rubber-
,
22%
38
27 %
21 Va
-
Dept Stores
Food
39%
-
14;
*146%
4%%
Food
14%
93% ; 94%
94
148
No
600
'
*146%
18%
13
17
5
14
13%
21% Mar 17
20% Jan
Apr 24
Jan
Nov
19% July
.,
Jan
5
50
39%
Jan
86
Federated
4,000
107
Mar
May
11 Va
19% Apr 26
600
16%
3
42
28
Nov
17
58
*95
24
Nov
Nov
,__5
13%
«
17 y4 Feb
Jan
May
6%
17
101% Feb
21
16 %
8%
24% Mar 21
No par
2,000
6%
Jan
Jun
20
Federal Motor Truck
13%
14%.
"9%
5
13%
V
8
9%
5
Federal Min & Smelt Co
1J0
Federal-Mogul Corp
41
14% Jan
/ 14% Jan 18
No par
_2
—
31%
*152
*47/a
$6 preferred
/
>*54
♦152
*9%
21
58
3%
44%
7%
8
*152
■
30%
3
31%
5%
107
44%
1
18
93/4 Jan
58
*17 :
■'
12 V4
*106
107
*106
i
55%
*54
3
21 Va Apr
13%
14%
17'
16%
17
55%
33% Jan
58;
3%
5%
5%
No par
48%
14%
/-3T
17%
♦17
5%
*54
40
38%:
aA
16%
*4
3%
'
34
5
31%
109%
4
»
4Va Feb
98
38
14%
.
33/4 July
2% Jan 25
15%
109%
Jan
2.50
31%
38
38
Jun
29 V4 Mar
68%
1
95
'<
32
109%
4%
3%
*14%
*12%
13 Va
•
Jun
14%
Nov
52 3/4 May
78
Nov
35% Jun
Fidel Phen Fire Ins N Y—
*28%
6%
49
93/a
Jan
16% May
Jan
3
Ferro
37%
28%
6%
48%
58
95
38%
*109
*28%
6%
47%
13%
16
*31%
32
*31%
28%
6'A
46'/a
Jan
53/4
Corp
1,300
22%
37%
33/4
Jan
7
48%
*105%
9% May 18
8
13% Mar
1,100
.
.
15
Jan
6% Apr 19
;
21
39%
22%
107
37%
21»A
V4
39%
22 Va
37%
*108
78% Feb
__
50
-v
.,,,48%
109
*105%
57
16
48%:,.
,39%
22%
23%
20%
*22
21
49%
39 Va
50
59% Apr 11
78% Feb 15
•
96%
*95%
49%
13% Mar 22
3
8%
9% Apr 18
21% Jan
3
14,100
27
27
•21
49
39%
13 »A
*56 Va
20%
22%
8
3
Co
200
20%
18%
7%
93/4 Jan
46% Jan
Cleaner
Products
500
20%
96%.
X20%,
107
58
13
57
*55%
6
46%
*45%
50
Xl8%
•:P-
'
107
107
.
1,400
,17
101%
101
par
100
133/4 Mar 22
Fairbanks Morse & Co
10,800
*16%
;
Vacuum
4
No
lnt
9% Jan
Fajardo Sug Co of Pr Rico
20
Farnsworth Televis'n & Rad Corp_l
.Federal Light & Traction—
15
4,100
12%
Highest
$ per share
par
Exchange Buffet Corp
*
18%
26
23 %
12
$ per share
5
1,100
23%
,
Year 1943
$ per share
5
300
40
*39%
*20%
.26
85%
8%
I6V4
25%
benef
5% pref series A
Erie & Pitts RR Co
12%
*101 V<
7 V4
900
8%
16%
v
Ctfs of
16,100
$ per share
Lowest
No
common
12 %
102%
7J%
RR
12%
*16%
7
Erie
Range since January 1
Highest
Lowest
<•
Par
12%
9
Range for Previous
STOCK
EXCHANGE
12%
*101%
.
NEW YORK
2,700
11
31%
>
12
57%
8%
*
11%
for
Shares
share
11%
11%
.
$ per
Sales
the Week
56%
56%
85%
$ per
share
xll%
11%
11%
*57
SALE
HIGH
Tuesday
May 2!)
per share
11%
AND
Monday
Saturday
May 27
2317
108% Apr
1001/4 Jan 25
80
10.
■;
45%
Sep
Oct
"''
"
1%
lVa
,'.'1%" A
4 *'
i*
,1%
1%
17%
17%
17%
*16%
13%
12%
13%
12%
*34%
35%
34 Va
34%
33%
24%
24%
*24-%.
24%
*24 %
14%
14%
14%
14Va
14%
24%
14%
1%
*3%
*16%
13
33%.
25%
•
*151
"
4
4
33%
25%
153%
*57%
60
*47
48
■
33%
33
25%
33%
25%
152
25%
152
57
*151
57%
*45%
*3%
*57
46%
46%
17%
*16%
r:
i%'r
4
17%
13%
13
13%
33%
33%
34%
33%
25 %
153%
*24
14%
33%
25%
*151
59
46%
1%
*
'3% --•4
*17
.
12%
*34
."
1,400
200
17%
1234
:
3,800
800
343/4
24%
23%
24
300
15
14%
15
2,300
33%
33%
25%
26
34
-25%
153 Va
*151
60
*46%
12,200
47%
10,100
2,500
50
153%
47%
.
21%
21%
21%
21%
21%
21%
21%
21%
11,900
'11%
*11%
11%
11%
11%
11%
11%
*11%
11%
900
11%
11%
11%
11%
11%
11%
3%
3%
3%
'
11%
3%
*143
15%
*57
49
11%
3%
145
11%
11%
'
4
3%
145
147
3%
144
4
144
*143
145
*143
9,300
No par
—-10
1
No par
preferred
Aircraft Corp
Grumman
15
100
1
Bay & West RR
(H L) Co Inc
5% %
8 %
15%
15%
57%
57%
57%
57%
57%
57%
573A
1,200
US
49
49%
49%
49%
49%
49
49%
49
49%
5,400
Gulf
Sugar
preferred
100
—
<
29 Va
Feb
37
Sep
24
Dec
26
13 %
Dec
18
July
Apr
34% May
29
Mar
31
9
8
21%
Jan
23 V*
Nov
17
July
133/a May
32% May
27%
Jan
Jan
154 '
57%
Sep
65
5
31V»
Jan
50
Sep
19% Apr 19
22V4 Jan
24
14 Va
Jan
21'A
Dec
11
12V4 Jan
24
11
Jan
10Vb
Nov,.
13% July
17Vt May
15
153
Apr
14
57
May 23
43% Feb 17
67
Feb
3
50 V4 Jan
Apr 29
Apr
18
13
3% Apr
3
26
150
11
Jan
123
Mar 13
138
Dec
Jan
43/a Mar 10
2V4
Jan
5
Jun
Mar 14
81%
Jan
160 3/4
Jun
Jan
lOVs May
17
3%
3
583/4 May 19
25%
Jan
41% May
433A Apr 25
49% May 19
44 V4
Dec
50% July
.23
27
293/s May 23
23
35
38
10
15 V4 Mar 13
No par
Gulf Mobile & Ohio RR
No
nrpferred-
Oil
8
25% Jan
243/s Jan
1433/4 Feb
100
Greyhound Corp (The)
15
143/4
par
No par
t„
Jan
15% Jan
Western Sugar
3/41 Dec
Jan
14% Jan
Preferred
'
73/s
23% Jun
Great
*
8
19
par
57%
15%
:5-
2% May
6% Apr
131/4 May 31
36% Apr
5
25% Mar 15
15%
15
4% Jan
17% Jan
32% Jan
57%
15%
20
15% Feb 28
-10
20
Guantanamo
130
'"3 3/4 Jan
par
Steel—
No
Co
5% preferred
—
Great Nor Iron Ore Prop—-No
Great Northern Ry 6% pfd—No
1,600
145
3
(W T)
Grant
4,800
4
•
ft Jan
l3/4 Mar 15
1% Jan
Granite City
Green
21%
——5
No par
.
9% Feb
Green
21%
_1
Granby Consol M S & P—
100
11V4
.
Motors'——
Grand Union Co——
140
60
*46'A
Graham-Paige
par
25
Corp
6% Jan
16 V» May
3
'
33
Jan
H
*28%
29%
*28%
36%
36%
*35%
16%
16%
16%
*12%
*107
For
12%
109
footnotes
12%
*107
see
.
,
293%
*28%
293/s
36%
*35%'
36%
16%
16%
12%
109
page
2323.
12%
►107
17
12%
109
*29 Va
35
17%
12 34
*107%
29%
35%
17%
13 Vb
109
*29 Va
35
Hackensack
29%
180
36
x!7%
14%
1.200
173/a
.*13%
*i$7'% 109
"t
5,900
1%
Water.
preferred class A
Co—
Hamilton Watch Co
Hall
6%
Printing
preferred
;
No par
—100
Apr
'
4
Jan
20
111/4 Apr 26
106
Apr 11
22%
Feb
28
5
35
Jun
38
17 3/8 Jun
1
12 Vt
Jan
18% July
xl4% Jun
2
9%
Jan
May
108% May
104% Mar
Va
15%
Sep
Apr
Jun
110 Vb July
THE COMMERCIAL &
>318
Monday, June 5, 1944
FINANCIAL CHRONICLE
Range for Previous
STOCKS
LOW AND
J
Saturday
May 27
-
$
$ per share
$ per
*105V8
1059a
*105Va
16 %
16%
share
105%
105%
*105%
105%
*105%
105%
16%
16%
16%
16%
16%
2,300
16%
*140
7%
*7%
106'/a
7%
106%
*
7%
3
3 %
3
7%
7%
7%
107%
*105%
107%
7%
7%
7%
7
7%
3
*69 Va
*162%
69%
70
106%
—
78%
'
65
65
65
116
*115
116
x22 %
22%
22%
22%
*22%
23
*21%
22%
100
40
39%
40
700
39%
39%
15
14%
14%
14%
15
15%
110
42%
*42%
42%
43%
43%
42%
42%
16
15%
15%.
15%
*65%
65%
65%
66
11%
11%
11%
11%
11%
32
32
32 %
32%
*7%
24%
10%
1%
9%
8
8
66 Va
66
107/a
32%
32%
200
32%
& Manhattan
nori-cum preferred—'
Hud Bay Min & Sra Ltd—No
Hudson Motor Car—
No
Hudson
10,300
9%
25%
26
11%
12
24%
25
25%
25%
?4%
24%
11%
11%:
11%
11%
12%
11%
12%
1%
1%.
1%
1%
1%
1%
i
1%
5%
4,400
-
•3,900
-
40,200
16,000
1% " 1
Sound Co.—
Howe
1,400
.
2
9%
Hupp Motor Car Corp
•
;
'
27
16
35%
35%
28%
28%
28%
15%
16%
15%
16%
15%
16 Va
36
36%
36%
36%
36
*63
36 Va-
•
28%
2,100
£5%
36%
;
'
1
1,900
66%
470
14%
.'
540
66
63
65
64%
65
66
*65%
*12%
13%
13
13
13%
13%
14 Va
14%
16 %
16%
16%
16%
16%
16%
16%
16%
16%
1,200
16 Va
39 %
39%
39%
39%
40
40%
39%
40%
39%
40
2,500
97%
97%
97%
97%
97%
97%
97%
400
97
97%
*96
*162
*162
*76%
10%
112%
76%
76%
76%
76%
1,000
>
10%
10%
10%
10%
2,900
•
10%
10%
32%-
32%
*32
33%
*112
112%
6%
7%
7%
169%
169 %
73%
74%
173%
172
2
70
10%
83%
*43%
37%
*63%
47/a
4%
*131%
*4%
17%
,
16% •»17%}
16%
16%
84%',
83%
83%
10%
10%
10% 'V
•9%
10%
10%
84%
85
85
43%
r45
45
37%
37%
37%
65%
*63 %.
65
65
*120
127
14%
14%
14%
14%
14%
17%
17
17%
17.
17
17%
*34-
35%
*34
*139
—
17%
17%
*17
17%
35 %
'
88%
*43%
38
64%
*120
14%
38
1,500
;
64%
200
14%
14%
14%
17%
,17
17%
17%
-4,000
17%
500
*34
35% *
*34
17%
35%
14%
'
5,100
'
*1C9%
94%
14%
14%
33
94
22 Va
78%
11%
95
100
-No
No
No
No
Foreign share ctfs—
Stores
Intertype Corp
Island Creek Coal
:
15%
15%
72,400
32%
32%
1,000
Jewel Tea Co Inc
1,400
4%% preferred
Johns Manville Corp
*95
95%
95
95%
*95
*94
112%
95%
Joliet
*95
29
Jones &
22%
22%
22%
22%
x22%
22%
66%
67
67
*66%
67
300
5%
pref
79%
79 Va
79%
79%
x78 %
78%
78%
78%
1,500
5%
pref series B conv
11%
*11%
11%
11%
11%
*11%
11%
11%
11%
600
Joy
*17%
18%
200
Kalamazoo Stove
10,900
22%
*66 %
;
67
Jan
li
Jan
11% July
2% May
28% Jun
*17%
*
18%
*121%
■
121%
18%
*121%
—
10%
10%
18%
18%
*121%
10%
10%
10%
10%
37
*35%
36%
36%
36%
36%
36%
16
16
16 Va
16%
*16%
16%
16y8
16%
105%
105 %
105%
105%
*105%
10%
'
*105%
19%
*111
—
21%
16 %
31%
.
*111
w
16%'
16%
3i%:
31%
16%
22%
16%
16%
*112
31%
19%
114
31%
31%
22%
16%
*112
x30%
-
*10%
:3,ooo
10%
36%
36%
*16
700
800
:,
16%
105%
19%
*111
*21%
22
114
*112
20
19%
♦111
—
,
21%
21%
112
112
20
20
19%
18%
*121%
*36
10%
*18
:♦
105%
90
xl9%
19%
700
*111
22%
16%
115
31%
22%
16%
*112
30%
1,100
22%
i
16%
115
,
Jan
31% May
Jan
48
May
Jan
4
Jan
13
May
25
17% Mar 16
11%
Jan
19% July
41% Jan
.
10
19,000
30%
V*
20 %
20%
*20%
20%
*20%
20%
20%
20%
3.6
5%
35 %
35%
*35%
37
*35%
37%
*35%
37%
*4%
5 Va
5%
5%
5%
5%
5%
5%
63%
63%
63%
65 Va
66
67%
67%
70
68%
70%
23%
23%
24
24
24%
24%
24%
24%
24%
24%
'
8%
i
;
«
:
20
*34
*8%
*20
,
9
8%
9
5%
*8
9
*8%
8%
*8
200
100
4,300
-
1,550
>1,600
3
163% May 26
777/a May 24
11% Mar 15
9%
Nov
15%
7
6%
Jan
8% July.
38% July
6
Mar
8% Mar
28
32
32
32
32
32
32
34%.
33%
34%
33%
33%
34
34
11%
11%
11%
11%
11%
10%
10%
10
10%
5,520
79
80%
82
96
—
—
13,430
28%
28 %
28%
29
—
—
78% July
21% Jan
.106
Jan
6
Nov
9
2
6
Jan
9%
*5
144%
Jan
May 27
56%
Jan
154%-Feb
29
/ 67% Apr
25
165% Jan
28
1% Jan
4
8% Mar
Jan
174
75
.
■
12
173% Jan
%
Mar
t
Mar
Apr
177
Sep
74% Jun
177
Jan
162
6
2% Mar
115
Apr
Jan
July
4% May
15% Jan
3
17% Mar 23
11%
Jan
19
Mar
Jan
13
70% May 27
5% Feb 21
55 Va
Jan
67
July
3%
Jan
65
4% Jan
3
25% Apr
19
Jan
13% Feb
3
7
,130'
Feb
66
\
68% Jan
17
14
129
3
4
Nov
25
Feb
6% May
.
36%
»Dec
138;
Apr
July
17% May 29
8%
Jan
14%
Dec
1
1
45%
Jan
69%
Dec
Jun
90% Jun
2
84% Jun
11
7% Feb
28% Jan
134
11
39% Jan
13
43% May 24
35% Jan
13
38
.
May 25
11% Jun
3%, Jan
37%
71% July
Jan
39
July
.28
Jan
36
!'
44
Apr
38% July
Jan
60
Dec
3
120% Mar
9
102%
Jan
115
July
11% Jan
12
14% Apr
6
6%
Jan
6
15
56% Jan
117
par
par
Feb
3
71% Mar If)
6%
Jan
167/a May
16% May
11% Jan
12
14% Apr
15
Apr
19
17% Jan
9%
Jan
18%
Sep
/ 15
Jan
4
17% May 25
10 %
Jan
18
Jun
29
Jan
6
34 7
27%
Jan
32%
Apr
Jan
145%
Jun
par
138% Jan 17
141
13% Jan
3
,
May 25
Mar 15
c.
135
A—iNo
Kenriecott Copper-——.—No
Keystone Steel & Wire Co—-No
Kimberly-Clark Corp.
No
Kendall Co $6 pt pfd
par
par
par
par
.1
Kinney (G R) Co
prior preferred
(S S) Co—
Kresge
—No par
,-10
1
i-No par
No par
Bak
Jan
Feb
Jan
May 25
78
Aug
79
Aug
19%
Jan
26%
Apr
54
Nov
,65
Apr
82
Apr
95
23% Mar 16
Jan
5
67
66% Jan
4
79% May 31
64%
Dec
8%
Jan
May 25
14
12
May 10
27
121% Apr 25
6% Jan
3
19
Mar 21
*12%
Jan
Feb
121
Dec
10% Jan
16% Apr
19% Jan
20
Jan
17
111
Mar
Jan
25
13% Jan
26
20^
.May 18
Feb
4
111
30
19% Jan
31% Mar
Feb
•
54% Jan
Mar 11
17
22%
19
Jan
92%
Sep
>12% Jun
Dec
Sep
Nov
Jan
17
Sep
115
Dec
103%
Feb
14%
Jan
87/s
Jan
36% May
Apr
17
5
4
Apr
104
2
7
29%
Sep
Aug
Jan
Jun
.8
10%
Jan
7%
May 29
May
19%
127
83
May
16% Mar 17
115
5%
11%
32% Mar 17
20% Maf 8
102
>
Jan
24% May
16% May
113
Apr
28%
Jan
35%
15%
Jan
20% July
25
Jan
Apr
34
17
5%
Jun
2
1%
Jan
July
6% July
70%
Jun
2
34%
Jan
58% July
"
3
14%
39%
25
Mar 28
105% May 18
Jan
110
124
109 Va Aug
'i
16% Apr
13% Feb
102
July
70
8
58'
34
Mar 13
99% Mar
3
90
May
20% Jan
16% July
96
15
84% Feb
9%
26
110
3
Feb
28
11
18%
Jan
24%
Sep
6% Jan
25
7
2%
Jan
10%
Apr
27% Jan
4
32
May 19
23%
Jan
32%
Sep
; 31% Jan
4
35%
Mar 17
24 Va
Feb
32%
Nov
22
—
:
1
15% Jun
33% May 25
Feb 10
27
Apr 22
107% Jan 21
1
5% conv preferred
——100
Kayser (Julius) & Co
-i
5
Keith-Albee-Orpheum conv pfd_100
Kfelsey Hayes Wh'l conv cl A——1'
Kroger Grocery &
32
34
■
Jan
•
8% Mar 17
Dept Stores
1,800
31%
34%
62
114% Mar 13
3
& Furn.
1,500
32
*33%
32
.
Apr
July
168
9% May 11
27
10
Kan City P & L pf ser B
No par
Kansas City Southern—...No par;
4% non-cum preferred—1
100
$5
100%
Apr
29% Apr 27
1
Kresge Dept Stores
Kress (S H) & Co
200
Jun
86% Nov
3
44%
158%
6% Jan
par
Feb
32% Nov
14
99
3
4
109% Jan 27
»
3,000
f
16% May
Jan
8
18%
37.
34% Jan 24
100
.—100
series A——
Mfg Co—.—
Kaufmann
2
66% May 2£
14% Mar 22
■
*18
.
4
7% Jan
RR
66%
.
4%
Jan
71% Feb
—No par
stamped—100
Laughlin Steel
No par
Chicago
&
2
39% Mar 22
158
;
1
—No par
.100
Co
15%
*109%
Jun
29% Mar
.
33%
112%
Jun
10%
Jan
17% Mar 22
88% Jan
1
15%
*109%
2%
Jan
3
35% Apr 14
—1
preferred—
33%
112%
Jan
8
50
100
.
78%
22 %
66%
*66
94
*91
94%
100
*90
*109%
112%
*109%
112%
%
4%
.
.
3
25
Interstate Dept
Jarvls (W B)
Nov
15% Apr
5
100
preferred.—_—
15%
33 V*
41% Apr
9% July-
46.
—No par
—No par
33%
15%
15%
33 Va
14%
July
68 Va
22%
10.% May 31
6% Jan
par
par
par
par
100
Am—_—No par
;—
■
100
J
*33
57% July
114
30% Jan
,
25
preferred—.—
International.Silver
$6
*140
July
1% Mar 15
12
100
Intern'l Telep & Teleg
43,800
14%
14%
Jan
Mar
Sep
July
.
59% Aug
3% Jan
Feb
100
International Shoe
7%
14%
*17
;
-
127
44
105
1
2% May 31
11
Jan
24
...—
preferred
5%
17
10% Jan
i
——1
International Salt
200
45
Jan
25% Jan
100
Inter Rys of Cent
460
Z
Jan
4
4
Jt
•4,300
90%
47
*16%
*140
*139.
.
37%
65
14%
14%
.
37%
37%
90%
47
127
*63,
*120
127
♦117
90
*43%
42%
9%
1% Jan
—No par.
—*-
conv
Jan
36%
Mar 22
.
Apr
Aug
31
11% May 24
35
17
117
9
Mar
.
17% July
Sep
Jun
12%
17
66% Jun
1% Jan
6
Jan
112
7% Feb
25% July
40% July
115
3
25
64% Mar
Feb
30% Feb 21
«,
5%
16
Jan
_
6
Apr
.
44% Mar 16
Jan
63
1
Canada——No par
100
International Paper Co
15
5,900
11
Aug
Jan
Jan
7
par
—.
Preferred
25,000
83%
54
108
Int Nickel of
130
July
•
21% May
Jan
16%
7
12% Jun
Hydro-Elec Sys class A
& Chem
preferred
—*
International Mining Corp
1,400
136% Aug
28% Jan
24
45% Jan
May
•
14%
4
4%
14,400
131%
17
10%
14%
Z
4%
27
131%
118
1
8% Feb
Int
132%;
Jan
5
11
International Min
200
83%
84%
37%
4%
26%
42
—100
Corp—
1,600
1
16%
43%
65 %
16%
70
100
Jun
71
26 Va Jan
preferred.:—*
1,400
2
2
*69
4
20
Preferred
390
■
83
83%
10%
4%
27
74%
172%
16%
•
Jan
4
No
Interlake Iron
—No
Int Business Machines.
No
International Harvester.
No
'
3,800
:
17%
44
35%
*34
*139
26%
2%
16%
70
900
'•
Dec
49
117
13% Jan
100
1000
Indianapolis Power & Lt_—No par
Industrial Rayon
No par
Ingersoll-Rand
No par
6% preferred
—100
Inland Steel Co—————No par
Inspiration Cons Copper.
.20
6 %v
Jan
128
22% Mar
Intercont'l Rubber
7,400
-
83
16%
81%
14%
16%
*69
70
26%
26%
131'% 132
267/a
132 Va
14%
14
*14
2%
16%
16%
16%
*69
4%
4%
x26Va
*131%
127
*117
.
2%
2
2 Va
16%
70
82
171%
173%
16%
81%
171%
74%
2%
132 Va
16%
16%
7%
173%
70%
*131%
7%
73%
18%
5
8
173%
70 Va
27
1,500
171%
Jan
ctfs series A—
Interchemical
40
7%
74%
16 Va
26%
112%
7%
173%
173%
*2Va
*4%
171%
33%
112%
7%
87
,73
1
Insuranshar^s Ctfs Inc
»
400
•
34
32%
74
74
75
173%
7%
171
171
171
170
7%
7%
7%
7%
7%
500
V
7%
112%
32%
*112
7%
7%
7%
7%
8
8
8%
*7%
8%
7
74%
76%
10%
*111%- 112%
'
112%
7
173%
?
76%
*7%.
32%
*32
*163
*163
*162
—
39
Leased lines 4%
See
Dec
7
Central RR Co
preferred series A
RR
76%
10%
10%
8
8
—
76%
77
,
14
Apr
Aug
29%
2
15% Mar
3
100
Illinois
6%
71
172
Jan
Mar 10
Jun
16% Feb
23
par
Idaho Power Co
17,800
15%
36
'
15%:
28%
27%
27%' 27%
27%
15%
Jan
Jan
12%
407% May 25
4
Feb
-.5
100
—
I
?
110% July
22 % May
21
13% Jan
preferred.———
—100
Houston Light & Power Co.—No par
Houston Oil of Texas v t c_.
25
1,200
Jan
152
21
x22% Jun
10
116
5%
9,100
2
20% Jan
13% Jan
B
Class
'
9%
24%
1%"
3,400
1
>
10%
2
2
2%
10%
Houdaille-Hershey
93 Va
56%
Jan
117% Apr
2
36% Mar
•
—No par
Household Finance————No par
11
11%
"
100
66
32%
32%
2
10
2
1%
110
11 Va
11%
5,800
■
110%
110%
66%
66
preferred
Homestake Mining
61
*60
62
*60
*110
65%
1%
15%
v-
62
*60
109%
109%
Holly Sugar Corp
1%
*42%
109% 110
62
*60
62
1,300
42%
16
15%
15%
'
Hollander & Sons
*116
43%
15%
Co—_—.10
——_1
10
(A)
—5
1—No par
100
12.50
cl A
No par
(Del)
Holland Furnace
3% May
66% Mar 18
Apr 27
19% Feb
(C E) The
Hires Co
.
Jan
82
3
114
1%
*
'
•
400
•
15
15
*116
42%
43
>
14%
Xl4%
*42%
42%
42
*42%
42%
15 Va
*116
*116
42
*14%
14%
15
'
10% May
27% Feb 25
18
Jan
Oct
Dec
134
Jan
109%
Jan
6
163
63
7% May
Jan
86
May 24
75% Feb 25
6
128
144% May
1
108
Mar 13
Mar 11
100
18% July
Feb
4%
7% Mar 15
20% Apr 24
75
Apr 24
Hlnde & Dauch Paper
200
22%
15
99
Sep
Jan
7% May 31
3% May 22
28
63% Jan
107%
Jan
13%
135
Mar 13
108% Apr
28
No par
No par
preferred
conv
-
39 '/a
*15
*116
Hercules Powder—...
$4
5
No par
No par
Motors
6% preferred —J.———
/Hershey Chocolate
.
22%
■
f
1%
66
116
*115
39%
15%
*31%
30
300
*64%
*64 %
preferred
14
160
*
130
*123
130
5% Jan
Highest
,
I per share
99%
17% Mar 16
146
8
2% Jan
$ per share
11
Feb
108
18
Jan
104% Jan
6% Apr
25
100
—
non-cum
Hercules
800
82
81%
80%
80%
7%
3,400
W)_
(G
Helme
10
23%
22%
15%
*109%
*128
*114%
;
162%
23%
*21%
15
*58%
24%
81
129%
129%
162%
24%
22%
"*14%
41%
—
24
i
200
22%
*39%
40%
*42%
*162 Va
—
490
,,
*21%
22%
22%
*39%
116
'
10,100
70
70
r
1,500
,•
*22
'
*21
*22
105%
70
*79%
"
'
63%
63%
*114%
116
r
130
*128
63%
*63
106%
*69%
70
23%
24%
79%
78%
'
*114%
3
106%
*69%
*162%
23%
79
129%
3
106%
3:
106%
*162
23%
23'/a
129%
3
3
138
6%.
40
:
'
Apr
% Apr 24
15
i Harbison-Walk
10
2,200
7%
*105%
107%
69%
106%
107%
106%
15%
7%
107%
7%
106%
7%
3%
7 Va
145
145
145
*7%
*105%
7%
106%
*140
145
♦140k
145
*140
145
*7'/8
.
105
(M A) Co $5 pfd
No pa*
Refrac
No par
preferred.—
—
100
Hat Corp of Amer class A__
+-1
6 % % preferred
100
Hayes Industries Inc
1
Hayes Mfg Corp
f
Hazel-Atlas Glass Co
,25
Hanna
20
16%
105%
16%
Lowest
.
$ per share
$ per share
Par
Shares
$ per share
$ per share
share',
$ per
Year 1943
Lowest
EXCHANGE
the Week
June 2
June I
May 31
Range since January 1
\
Highest
STOCK
NEW YORK
Sales for
Friday
Thursday
Wednesday
May 30
share
per
HIGH SALE PRICES
Tuesday
Monday
May 2!)
24% May 31
9%
Mar
V'VOzi:
10
—
•
91
104
90 Va
92
85
90%
29
29
29 Va
29%
29
29%
24
*23%
'
*23%
23%
*23
24
41%
41%
*41%
41%
10
10l/a
10%
10%
—
25%
—•
24%
♦117
*5%
25%
25%
119%
*117
5%
6
*1%
119%
5%;
1%
—
—
—
1%
24%
24
24 %
31%
31%
—
31%
19%
19%
19%
39%
39%
40
49%
49'/a
7%
7Va
49%
7Va
—
—
*41%
42%
9%
9%
9%
25%
119%
5%
5%
25%
*118
5%
26%
120
5%
25%
*118
5%
;
"
1%
1%
*23%
31%
31%
31%
20
20
20
40
40
40%
40%
40%
49%
49%
49%
50
49%
7Va
7'%
7%
7%
1%
—
—
—
24%
31%
Xl9%
1%
31%
*19%
1
1%
24
*41 %
*74
76%
*177%
*28
38%
43%
*41%
42
76
*75
77
76%
77
78%
—
*41 %
—
—
—
*17,7%
179
—
29
*28 %
29
—
—
—
—
For footnotes
38%
see
page
38%
2323,
42
*75
—
—
179
38%
7%
77%
77'/a
78
*78
79
78%
79%
*177%
*28
38%
*41%
179
178
29
*28
40
39%
41%
179
28%
39%
41
2,600
600
20
Lehman
Corp
(The)
Lehn & Fink Prod Corp
Stores
Corp
1,300
50%
3,000
7%
12,800
No par
50
300
41%
78
300
1,700
80
178'/a
28%
39%
,
1,300
Preferred
Lily Tulip Cup Corp
Lima Locomotive Wks
13
14
104
Jan
9%
Jan
16% May
35
Jan
73
Oct
Jan
29%
Jun
Jun
29% Jan
6
23% May
5
11%
Ian
19%
38
42 % May
31
26%
Jan
39%
10 % May
29
17
19
Apr 24
Jan
3
Apr 26
Apr
8
21
26 % Jun
1
9
Dec
Jan
29
July
Jan
120
Jan
7
117% May 19
107%
3
7% Mar 21
2%
1% Jan
29
1% Apr
15% Feb
4
25% Apr
4
18% Jan
5
14
Jan
3
42
6% Apr 24
x20
41
8
Apr
43% Mar
22%
38%
Jan
43%
Dec
8
1
5
Jan
8%
Jun
30
Jan
62
Dec
Jun
1
3
79 % Jun
1
8
180 % Apr
•
Apr
3
25
Jun
Jun
July
Jan
3
36
32
Jan
67% Jan
26% Feb
20%
Jan
14%
68% Jan
174% Jan
Jan
24
237/a
8
78
2%
11%
31
Jan
39
July
8% May
2
May 31
Mar 18
50% Jun
Jan
Jan
10
10
32% Mar 20
Oct
8% Dec
20
4% Jan
113
29% Jan
No par
-No par
17
1774 Jan
26,.
36% Feb
25
100
Jan
May 31
17%
1
5
Glass—No par
Libby McNeill & Libby
7
Life Savers Corp—
8
Liggett & Myers Tobacco
25
Series B
-
No par
Libbey Owens Ford
79
39%
50
.—
May 31
62
(The)
Lerner
.
79
*28
10
100
—No par
Lane Bryant—
——No par
Lee Rubber & Tlre_.
5
Lehigh Coal & Navigation Co.—10
Lehigh Portland Cement—25
4% conv preferred
100
Lambert Co
Lehigh Valley Coal
6% conv preferred
*77
178%
—
600
3,900
31%
100
Lt Co
preferred
Lehigh Valley RR—
*
—
5%
1,700
5%
24%
,
4,400
25%
24
1%
24
900
16,900
120
40
—
—
49%
7%
42%
X9%
*118
—
39%
24
42%
10 v*
'
1%
31%
*23
42%
10
25%
.
—
—
24 Va
*19%
24
41%
*23
■
2,100
Laclede Gas
62% Nov
Jun
Dec
41
July
71
July
73%
Jun
Dec
182% Aug
13
28% May 26
171
227/a
Jan
28% May
16
24
Jan
44
43 Ye Mar
May
Volume
159
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4287
•
2319
NEW YORK STOCK RECORD
LOW
*
share
$ per
$ per share
$ per
STOCKS
PRICES
SALE
share
the Week
$ per
$ per share
share
Sales for
June 2
June 1
May 31
$ per
Friday
Thursday
Wednesday
May 30
May 29
May 27,
HIGH
AND
Tuesday
Monday
Saturday
NEW
YORK
Range for Previous
Lowest
Par
Shares
share
Year 1943
Range since January 1
STOCK
EXCHANGE
Lowest
Highest
$ per share
$ per share
$ per share
Highest
5 per share
'
*39
39%
*39
200
39
39
39%
Link Belt
Co
40
40
21%
21%
21%
21%
21%
21%
22
21
21
1,000
Lion Oil
23%
24
24%
24%
25%
24%
25%
24%
24%
6,000
6,700
Liquid Carbonic Corp
Lockheed,Aircraft Corp
5,000
4,200
15%
46%
46
46%
11
10%
15 %
61%
10%
«.
J"
15%
15%
15%
15%
15%
61%
15%
61%-
46%
62
62%
62%
62%
63%
47
47%
46 Va
29%
30
30
18%
18 Va
18%
18%
Xl8%
*161
161%
*161
161%
*21%
22 %
22%
22%
*88%
89%
89'/a
Jan
21% July
Jan
21%
*26%
26%
26%
-
41%
38%
105%
41%
41%
37%
103%
43
:
37%
*15%
*15%
16
*15%
15%
-
18%
161%
161%
161
161'/4
22%
*22
22%
300
89%
90
*88%
88%
1,100
*26%
27
*22
89%
26%
15%
*355
16
*15%
15%
*355
Madison Square
1,400
12%
12%
*12%
12%
400
Sugar Co
Mandel Bros
1
*20
20%
*20%
20%
20%
20%
20%
20%
20%
20%
900
2%
2%
300
7%
,19,600
*2%
7%
,
20
20%
20
15
15%
15%
20%
20 y8
20 y4
19%
20 y8
6%
.■7%
49%
49%
6%
6%
*48%
.49%
6%
6%
'
49
26%
26%
20%
.20%
*172% 175
i
..*22%
.
*112
20%
*172%
j
54%
'
6
23%
17%
*112
6
6y8
.
34%
*109
30
*17%
19
*17%
51
24%
99 3
*17.%
30
51%
51%
51
51% ;
24 %
24%
24%
24% '
24
99%
99%
99%
*99 y8
99%
99%
99%
11%
11%
*11%
*113%
115%
9%
9%
*113'%
115%
*113%
115%
*113%
115 v4
9%
9'A
9%
9%
9%
90
90
*90
93
*90
80
*80
82
*80
*33
9%
93
*91
93
*91
*80
82
34
9%
93
so
*113%. 115 % '
24%
;
82
*80
*33%
34
33%
*33%
34
11
f
47%
;
;
10 %
10%
10%
10%
11%
10%'
11%
v10%
47
46%
47
46%
47%
47
47%
47-
*28
.29
,
29%
28%
y4
)
28%
28
28'%
28%
29%
29%
29%
29
*o%
;
•
6%
6y8
6y4
6%
6%
26%
26%
26%
26%
26%
26%
40%
„■
28 %
*32%
.
129.
57%
40%
40%
t
,.
*109%
32%
33,
129%
129%'
*57
,58%
41-
41.;-
~
,*108% 110
,110
<•
108%
108%,
7%
7%
7%
57%
41%
.
120
.
»
57
900
40%
41
1,500
.
7%
;
*103% 104%
22%
*2%
13
.
*34%
20%
78%
103%
22
22%
104
103%
21%
22%
7%
7%
J
.7%
104%
104
:
21%
22
Sep
Apr
2% Jan
19
1%
Jan
6 Ve Jan
3
12% Jan
5
2%
2,600
13%
13%
13%
13%
13%
13,600
*34%
34%
*34%
800
r
*20%
20%
•■."*77%
79
22
20%
78%
78%
2%
2%
ll6
*114%
116
*115%
109%
45
109%
109%
44%
110%
45 y8
45
*115%
*108%
109%
46%
*38%
38%
*38%
28%
28%
28%
28%
28%
29%
18
18%
18%
19%
19%
19%
19%
'. 19%
19%
19%
20
20
20
28 %
28%
28%
28%
28%
28
28%
6%
83
*38
38%
39
6%
6%
6%
83%
83 %
21%
21%
21%
21%'
*21%
22
*70%
71%
*70%
71%
71%
*114%
116%
*114%
116%
*114%
116
6%
200
21%
21%
72
72%
72%
*114%
115%
10%
10%
10%
10%
10%
10%
48%
*46 y2
48%
48%
48%
*47%
*%
%
*%
%
*%
%
*5/g
13%
13%
13%
13%
14%
14%
14%
35
35%
35%
17%
17%
9%
9%
10%
49
40
116
9,800
10%
10'/a
%
13%
115%
500 •'
•
100
49
/*47%
37
Jan
35% Apr
Jan
Jan
17% Jun
30% Jun
18
Feb
100
9
.
Mar
36
Oct
Jan
110
Sep
12%
Jan
104
-
22% Aug
17% Sep
Jan
113%
19% Jan
1
Oct
29
8%
Jan
Sep
16% May
38'%
25
Jan
E|0% Apr
14% Jan
25%
6% Jan
11%
Jun
9
11% May 29
113'% Apr
-8
Sep
115% Aug
101
Feb
6
Jan
10%
Apr
67%
Jan
89
Feb
60
Jan
78% Sep
34% July
112% Feb
9
8
Jan
3
10'% Feb
28
82
Jan
4
91
Apr
27
70
Jan
3
83
May
.3
34% Mar
9
27
31% Apr 28
*
Jan
11 %
2
24% May 31
1
Apr
10'
Jan
Sep
7% May
Feb
100
3
May 26
.
Aug
60
Jan
21%
11
112% Apr 13
Apr 27
176
2%
24% Mar 27
13
July
27% Mar
Jan
Mar 20
110
5
21% May
Feb
•
4%
4
11 % May 31
Jan
12% July
37:
Jan
4
48% May
25
Jan
42
25
Mar
1
31% Mar 25
23%
Sep
July
32% Mar
27'
Jan
3
31
26
Jan
34%
Apr
6
Apr
24% Feb
25
Apr
27 VB Jan
13
116% Jan
4
8% Jan
.
*'
6
7% Mar 18
4
33% Jun
.
2
5%
Jan
9%
18%
Jan
30%
20%. Jan
Jan
107
Feb
110
112
107
Nov
Jun
128
109% May 17
41% Jun
Mar 13
Sep
31%
106'%
129% May 26
58% May 29
Apr
4
36% Apr 26
108'% May
Mar
18
27% Jan
4
46
105
3
July
1
Mar 17
Apr
113% Feb
108'% May 31
107% May 22
8% Mar 22
3
Jan
6% Jan
19
93% Jan
13
105'% Mar 22
64%
Jan
98
July
5
22'% May 27
3% Mar 22
13%
Jan
25
July
•
2% Jan
TOO
3
8% Jan
No par
3
15% Mar 21
Jan
3
35
20
29
-No par
20
% May 18
74% Apr
—10
A——No par
.
Jan
—No par
21'% May 12
%
Jan
3% Mar
3% Jan
17%
Jun
11%
Jan
Apr
30% Nov
——
Dec"
75%
81
Jan
X8
117
.
27
Jan
24
113
Dec
119
Mar
14
116%
Dec
121
Apr
26
47% Maf 15
106%
Nov
33'%
Jan
114% Aug
50
July
39% Oct
111% Apr
107% Jan
5
41% Apr
26
35% Jan
C—.—No par
& Co—No par
No par
May 18
8%
117% Jan
25
111% May 22
115'
11
.
39'% Apr
5
92%
31% Jan
Jun
Jan
27%
15% Jan
3
29% May 31
19% May 31
13
—No par
9%
Jan
17
—5
1
16% Jan
7
20% Mar 22
11%
Jan
18%
29
21%
Jan
31
Mar
21% Jan
50
Essex-
Corp—
Co
4
26% Apr 19
,
Jan
18
2%
Jun
Jun
Apr
Jan
7
Jun
9
23% Mar 27
53
Jan
77
Jun
20% Apr 29
15
Jan
23%
May 24
76% Mar 22
62
Apr
79%
111
July
4% Jan
B
1
preferred-!.—
No par
Munsingwear Inc
—No par
Murphy Co (GO
No par
4%%
preferred——.-,—
-*100
Murray Corp of America
10
Myers tF E) & Bro—
—No par
600
.
165
6'% Mar 16
97 '
Chemical Co
Brass
27
24
Jan
58
7
27
72
$7
'
Nov
16
Mullins Mfg Co class
4,700
83%
*46%
10
Motor
Mueller
6%
19%
22% Jan
175
Mar
27
1
Mills
Mach Tool
Wheel
1,600 V
2,000
83'/s
32
109% Feb 23
.100
Di-—-100
Motor Products Corp
21%
72
Carpet
Morris &
-
7% Jun
43% July
Jan
32% Mar 10
(John) •& Co
19%
28%
3% Jan
22
19% Jan
Corp
Montgomery Ward
28% '
•19%
6%
'21%
72
,
May
17% Feb
8,750
19
84
83%
*82
28%
19
Apr
July
24
Deo
—No par
7,400 !
28%
14%
31% May
106% Mar
$4 preferred series
80
.
6% July
18%
sl7
-1
7% Jun
4'% Mar
preferred series C
preferred series A—:
Morrell
19%
6%
83%
6%
6%
83
'
Product's—:—No par
100
Jan
Jan
9%' Jan
51% May 17
52% Feb
-
5
—10
4% July
28% Jan
170
*
—1
100
No par
1—
5
3%
9
5
Jun
37% Apr
19% May
.
1st preferred—
$4.50 preferred ser
Preferred series B
13,900
29%
28%
•19
par
:
preferred' series
Monsanto
39
3
4% Jan
:—1
_50
1st preferred—
Steel
Monarch
10
47
*38'A
47 %
39
,
7% May
May 17
15% May 31
20% Mar 27
-
8%
25%May
.
—1
Copper^,
Mohawk
100
116
46
'7%
1,400 '
; •
112%.:
,112%
109%
*108%
46 %
200
.
79'A
78%
.
116
116
109%
21%
*20%
79
34% '•
113%
*112%
116
.
22
V 79
78%
,*114%
3
*20%
20%
113
19 %
4%
'
34%
2%
—
Mo-Kan-Texas RR
2%
13%
34%
27/8
No
Min Trans Co
Mission
3,300
.
13%
;
Wks_
$6.50 preferred
35
*2%
*112
*
21%
.16% Jan
'
21
13% Apr 27
^
—No par
No par
—I
(The)
cum
Mar
12
Minneapolis & St Louis Ry—No par
300
13%
113'
*28
8%
Dec
24% Mar
320
19%
Minn Moline Power Impl—
3,500
35
3
*112
*38
■
"
13%
113
44%
■
104%
i—;
Mid-Continent: Petroleum
4%%
35
113
*109%
*103
104'A
*21%
22
7%
7%
.
Corp—
Machine Co
Midland'
15%
Nov.
Nov
Jan
9
18
!
C
7%
•
2
Jun
Jan
Minn-Honeywell Regulator—No par
4% conv pfd series B__
100
100
315
Jun
Jan
15
15
52
V- "15
108%
*108
108%
5
Feb
29
;
*56%
*110%
*108
108%
-1,400
129
Jan
Feb
conv
10
17
370
Mar 20
Miami
*109%
*110%
*noy8
110;
*107%
*107% 108%
57%
; 33%
33
129
12
21
1411
Mesta
'
Jan
67/a Apr 24
;
—1
Corp_„_
Merch &
5,300
Jan
15% May 12
47
5%
...1,200
;
26%
30% July
Jan
Mengel Co
900
Jan
38% May 27
105% May 27
16% Mar 30
6'%
r
2,700
6%
/ * 6'/a
•••> 26%
.
*109%
*109%
*109%
129%
41
,
■
33%";
129%
58%
41
6%
'
37%
19%
3
McGraw-Hill Pub Co—_——No par
420
„
'29
29
27 V-',
33
33
129%
29%
28 y2
.
,29%
6%
26%
33
.*22%
*129'.. 129%
"58
* '58%
J
33%
•
Jan
33%
(
10
,
•
34
47
V *28%
28%
;•
,
''
3,200
July
28
14%
;
'
'
133
1
Mar 24
10
2,400
82
,
•
300
26
May 25
.
29
May
138% Nov
Jan
Apr
43% Jun
139
,
14
Mclntyre Porcupine Mines
;—5
McKessori & Robbins Inc_———18
$4 preferred i
—No par
McLelian Stores Co
—1
6% conv preferred
100
Mead Corp
—No par
$6 preferred series A
No par
$5.50 pfd ser B w w—No par
Melville Shoe Corp.
—I
1
4,200
,
"
1
10%
..
'
20%
1
July
13
200
11%
11%
,50%
.
27% Feb
79
20% May 31
3% Mar 17
9,900
'
50%
51%
,
•
25% Apr
6
Feb 21
27% Jan
59% Jan
90% Mar 17
34% Jan 27
100
McOraw Elec Co
300 '
1,400 <
„
Jan
1
5
McCrory Stores Corp__—1
5% oonv preferred ww
2,400
800
18'
*17%
24 y4
24
11%
■
*
17%
114
153%
135
,
preferred-
McCall
700
,
r
*29% / 30%
18
11%
*33
V
30%
18
11%
;
30
17%
18
700
23 %
*112
■
30 %
4,600
'6%
35%
.
*23%
17%
114
*112
2,200
r>-
*100
23%
17%
17%
114
11%
9%
r
*
■
*34
-
•
110--.
23%
23%
,6
35%;
110
11%
.
.
54%
54%
7
163% July
22% July
24
100
May Department Stores^-—.
10
Maytag Go
—No par
$3 preferred:
No par
$6 1st cum preferred.
No par
7 %
Jan
14
Co_
Co_
Alkali
Mathieson
1,500
148%
18% Feb
—No par-
Corp.:
EJec
Master
500
;
'
*99
a
V
,19
;■ 51
:
51%
23%
*99
30
30
30
-
175
*172%
6%
35%
35
110
Martin-Parry
Masonite
26%
20%
54%'
'
'•*29%
7,500
Jun
4
162'% May
22% Mar
11'% May
10 % Feb
prior pfd
(Glenn L)
3,300
•.
-
21'%
par
Corp
Ry 6%
Martin
■
48 '
20%
175
;
7'/a
7
X26 %
2D%
54%
■
„
46%
26%;
*172%
54%
.
Oct
315
—No
Marshall Field & Co—
10,200
'
,
17%
175
.
49%
Market St
;
17,600
:
18% "
18%
-
7 %'
■
*25%
114;
*112
114
7
47%
•
20%
23%
17%
17%
17%
■
18%
•
Midland
Marine
5,150
15%
26%
110 :■
' »' 23%
f
15%
20%
35
*109
,23
15%
26%
6
6
*34%
•
110
20%
.15%
26%
54%, '54%
35
*34 y4
*109
_
*172%. 175
54%, 54%
6
5%
'
V
20%
26%
*20%
.
49
*
0%
19%
Xl8%
15%
20
2%
25,600
i
20
19%
20%
15
9
8%
7%
7
7%
19%
1-4%
,
*2%
2%
7ya
7%
7>/a
.
*2%
2%
*2%
2%
7
19%
''
•
Oct
16'%
105
Maracaibo Oil Exploration
8%
31
18% Mar 17
151
100
Manhattan Shirt
•.
Jan
17% Apr 29
25
12%
8
Nov
3
Manati
8%
*11%
8
6'%
18 Va
69% Jan
Mahoning Coal RR Co
391
*355
391
8%
12%
-8
Jan
Mar 21
31% Mar 16
Jan
12
_•-«
12%
8%
37%
12
3
_10
,_50
—1
-Garden
Copper
12%
0
16
Jan
3
_No per
..,100
t.Wo par
Macy (RH) Co ,Inc__
4%% pfd series A w i
*11%
'
47% Feb
64'% July
51% Jan
8'%'Jan
-10
400
Magma
25% Mar
42'%
20% Jan
No par
:
<
12% Nov
2
100
300
15%
24
—No par
^
Jun
18 % Feb
5
Forbes
&
July
63'% Jun
Jan
preferred.
20,900
16
15%
15%
390
*355
390
MacAndrews
43
1
May
28
100
Mack Trucks Inc
21
40% Feb 24
L10.
preferred
;
i
106
15%
15%
15%
I
Co
"3,800
37%
36%
(P)
-
15% May 15
No par
25
-
Louisville & Nashville..
.6%
*105%
105'A1
Biscuit
Louisville Gas & El A
500
I
42%
41%
.36%
105%
*15%
HP
15%
35%
y4
105
7%
50
•
27
26%
'
v
*137
43%
42%
37%
105 %
,
'
*137
42%
36%
38%
16
15%
390
18%
22
x42
106 '
*io5y4
i.
18%
*137'
*137
*137
*355
'
Lorillard
18%
89%
26%
—
3,400
10%
29%
18%
6
58
par
rNo par
Long Bell Lumber A
Loose-Wiles
10%
29%
Jan
37
par
No
1,300
10%
30%
22
'
'
'
'
12'%
15%
Refining Co
2.300
10%
*29%
26%
89%
X.*-
47
10%
161%
29%
*30
*161
46%
46%
,
30%
10%
'
;
Jan
22% May 17
25% May 31
Lone Star .Cement Corp
15%
61%
*10%
.
34'%
4
13
Loew's Inc
15%
61V*
Jan
18% Feb
19% Jan
No
39%
21%
23%
•
40
No par
.-No par
1
:
*38%
Jan
70
112% Apr
8% Jan
43'% Jan
4
3„
11;
6% May 19
84% May
116% Feb
24
Jun
Sep
117
Aug
3
10'% Mar 13
5%
Jan
11% July
5
48% May 31
34'/a
Jan
44
Feb
N
'
;
11%
35%
*35
17%
9
■
--
•
11%
*10%
11
11
11
20%
21
21
21%
*170
173
*170
*18%
*18%
19
15
15%
15%
15%
29%
29
29%
15%
15%
15%
15%
*12%
12%
*12%
20%
20%
21%
16%
16%
16%.
17.
11%
11%
*11%
12
36%
36%
37
—
31
—
10%
*91%
*30
31
*146%
150
19%
100
170%
*169
—
Nat
400
19
18%
15%
15%
15%
15%
15%
5,200
28%
29
28%
29%
4,000 :
16%
16%
16%
5,900
17
16%
12%
12%
12
12%
21%
21%
21%
21%
7,700
17'/a
16%
16%
16 %_
16%
12
11%
11%
12
12
36%
36%
36
36%
—
*11%
—
36%
*30
—
*
31
*30
10%
11
11%
93
93
93%
22
21%
22 y4
171%
172'A
X172
150
■
31
*147
11%
11%
900
14,900
150
93%
94
94
21%
22%
22
22%
*171
171%
'
100
$4.50 conv
12,300
f
'
18%
*29%
6
171%
*147
■
19%
•'
,
6%
150
19
*30
31
171%
*148
19%
r
6%
59%
60%
19%
19%
30%
31
6%
i
■
31
6%
'
59%
"60
60
6%
.
172
150
19%
31%
31%
.
X59%"
19% (
31% j
19%
.
-6%
59%-
31%
6
2,000
59%
'
14%
14%
14%
14%
14%
14%
14%
14%
-14%
14%
7,800
.
28 Va
28%
28%
28%
28%
28%
28 % "■
28%
28%
28% c
2,200
'
85%
85%
85%
85%
85%
87
86
86%
86%
86%
89%
89%
89%
89%
89%
88
88
8%
8%
8ya
8%
8%
88%
88%
8%
8%
*9%
*88
8%
9%
■9%
*9%
•9%
16
*15%
15%
15%
16
27%
*26 %
27%
*26%
9%
•
8%
9%
9%
9%
.15%
16%
15%
-
2,700
9%-'
1,100
v
*15%
*26%
*99
60
101%
60
*99
101%
*58
1011/2
*58
60%
*26%
.
27'A
*99
101%
*58
60%
25%
1,500
<
500
26%
*99
*109
*109
_
*58
60%
200
*109
27%
27%
*27%
28%
28%
28%
28%
28%
28%
28%
19%
19%-
19%
19%
19%
20%
19%
20
19 %
19%
13%
13%
13%
13%
13%
14
13%
13%
13%
102%
102%
*102
103 %
38
38%
*102
'
103%
*102
103%
*38
39%
'
For footnotes
*37%
see
39
page
2323.
*102
38%
13%
103%
38%
*38
800
'
39
'
5,300
1,800
100
300
1
No par
—
ijW
1°0
preferred B
r
Si'l Cast Co
No par
National Oil Products Co,
National Power & Lt_—-—No par
National Steel Carp
—25
National, Supply (The) Pa,
—18
'
4
.
$2 conv
preferred—
5%% prior conv preferred—i—10
6% prior preferred
-,100.
National Tea Co—
—-Non par Natomas Co—i
No' Par-
No
Nehi Cor-p
Neisner Bros Inc
—
serial preferred—i.100
Newberry Co (J J)—
—No par
5% preferred series A
100
Newmont Mining Corp
—10
Newport. Industries
]
Newport News Ship & Dry Dock—1
4% %
101%
•
61
*109
*108V2
27%
*99
15%
.
70
8%(
-.
1,130
„
preferred.
National Lead Co7% preferred A_
6 %
400
3,100
f
10
No par
No par
conv
$5 conv
York
Now
preferred
Air Brnke„
—No par
Nn r>a*
Feb
15'/8
Jun
Jan
40%
Apr
13
Dec
19%
37
3
10
18
8
9% Jan
4
May 31
10% Mar 22
12
17
Jan
18
22
1
175
Mar
18
* Feb
17.
Mar 21
11% Feb
20% May 18
165
20
Apr 21
Feb
3
3
17% Apr 18
Apr 18
12% Jan 17
29% May 23
8% Jan
26
No par
1
1
No par
No par
Nat Mall &
;
6,000
6%,
>
59%
."
10
147
147
19%
,.,.6%
60%
.
Products—
National Dept Stores
6% preferred.—
Nat Distillers Products
Nat Enam & Stamping
Nat Dairy
1%
Jan
23'%
5
13% Jan
9
' Jan
10
National Gypsum Co
21,400
11%
10%
93
•
v
31
*30
Register-
National Cylinder Gas Co
9,600
37%
Nat Cash
National Container—
1,400
21%
16%
■
12%
21%
Bond
National Can Corp—
29%
10%
172%
171
*18%
93
'
21%
*171%
171
7 %
Nov
6%
Mar 22
% Jan
24
Jan
10% Jan 31
Corp,.—No par
National
National Biscuit Co
21%'
10%
93
21%
.
& Share
1,100
5,900
19
15%
preferred—
11
21%
174
11% Apr
28
—10
5
10
100
Aviation
11
21%
%
14'% May 31
Mar 30
No par
preferred—
Corp
conv
11
21%
12
—
6%
700
11%
11%
10%
21%
15
—
—
36%
*30
11%
2,300
29%
—
—
—
11%
9%
9%
11
19
12%
20%
■.
—
11%
5,900
18
17%
21%
*171
——
29
.
21%
—
19
11%
280
36 %
;35%
,
9%
Liquidating Co
Nash-Kelvinator Corp
!
1—5
Nashville Chatt & St. Louis——100
National Acme' Co
T
1
Nat Automotive Fibres Inc
—-1
83,800
14%
14
18
9%
Wahoo
%
*%
36%
17%
10
*10%
—
*.
174
35%
18
9%
—
35%
17%
—
„
9%
%
*11%
11%
17%
—
—
Xll% Feb
11
5
87% Jan
11
Jan
7
31
Mar 15
May
11% Jun
95
Apr
9
1
17
22% Mar 27
174
Apr 10
147% May 2
Dec
Jan
36
Dec
17%
Jan
29%
Sep
Jan
11%
Jun
90%
Nov
20%
Dec
6
70%
Jan
14
Jan
160
Jan
178% July
Jan
150
Jun
137
Jan
22
May
Nov
36
Jan
7
Mar 13
62
2%
Jan
7%
Jun
Jan
64 Va July
5%
Jan
15% May
52
14%
Jan
28%
Jun
Mar 23
57
Jan
80%
Jun
Mar
9
62
Jan
88
Jun
8% May
4
92
83'% Jan
5'/a Jan
10% Jan
Mar
14
17% Mar 16
13% Jan
27% Mar 22
Jan
12
100
Feb
21
4
61
Apr
3
Mar 17
110
Jan
22
30% Jan
8
27% Mar 31
16 % Apr
24
13% Jan
3
Jan
5
35% Apr
25
97
12
x25'%
14%
87
Jan
9 % Mar
27
30 % Mar 16
56
Dec
13% Aug
2
79 % Feb
105
29%
8
25% Feb
22
Jan
21% Mar
11% Feb
96% Jan
Sep
18%
10% Nov
31% Jun
Apr 12
15% Mar 16
9-
10%
21% July
15% Sep
Feb
57% Feb
Jan
14% May
9
5
Sep
Jun
5'%
Jan
37% May 24
19
July
21 %
Jan
3
17% Apr
16% Nov
13% July
Jan
25
28% Apr
'5% Feb
176
6%
Jan
18
23
Jan
9%
26
25
Jan
14%
30% Feb
Jan
Jan
1
12
Feb
8'/a
15%
162
8
5
141
12% July
17% May 31
Jan
164
Apr
11% July
Feb
13
Apr
21% Jun
3
29
19
Jan
8'%
2
13% Jan
11%
5%
Jun
17
19% Jan
.
.
20% May 19
15% Feb
2
102% May 19
40
Mar 13
7% May
2%
Jan
6
Jan
10 %
9%
Jan
19% July
Jan
25%
Oct
74%
Jan
98%
Nov
37
Jan
16
106% Mar
26%
Jan
10%
Jan
1 o
Pec
94% Nov
27%
Jan
57%
114
37%
19%
Apr
Sep
Aug
Apr
Oct
21% Mar
102
May
44 % May
THE COMMERCIAL & FINANCIAL CHRONICLE
2320
NEW YORK STOCK
RECORD
STOCKS
BIGQ SALE PRICES
Wednesday
Tuesday
May 31
May 30
LOW AND
Saturday
Monday
May 27
May 29
s
$ per share
per share
Thursday
June 2
$ per share
17%
24%
17%
18%
17%
18%
25
24%
25
25
25 %
25%
25
25
*73%
74%
73%
74%
74%
75%
74
75%
73
74
*26
17%
,
18%
Par
New York Central—
31,800
f per share
.No par
—
3
28% Mar 22
11
Jan
■78% Mar 23
31%
Jan
74% July
14%
Jan
26
26
*26%
26%
26%
200.
18%
17%
16 %
26%
16%
*26
*16
26%
17%
26%
16%
*16%
18%
600
New York Docki-——i
—
41
*39
42
40%
40 %
42%
42'/4
40%
40%
300
186
*180
195
$5 non-cum preferred
N.Y & Harlem RR Oo_
.No par
—AO
—,
129
100
52
*38
186
*180
74%
75%
74
14%
15
75
15%
16
15%
38
74
74%
14%
189
38
38
37%
73
IB
17%
18
*53%
55
*53%
55
54
*53
54
*53
54
18
112%
_
20%
20%
42
7%
16%
43
5%
14%
14
14%
13%
13%
18%
18%
,18%
52
52
101%
101%
68
*65
57
18%
18%
18%
53
53
53
9%
102
69
■
,.
11%
22%
22%
22%
22%
11%
"4i%
22%
22 ya
22%
22%
22%
*15
33%
33%
43%
*15
33%
43%
43%
Owens-Illinois Glass Co——.12.50
119
■
i
280
2,700
•
600
43%
38.
preferred-non-cum—No
2nd preferred non-cum—No
Pacific Finance Corp (Cal)
Pacific Gas & Electric—
Pacific Lighting Corp—:—No
.
-41
200
,
'
*155%
*156"
*155% 156%
156%
156%
156%
156% 157
156%
.
11% Jan
<
21% July
29% Jan
•
50% July
:
May 29
1Q% Feb
3% Jan
5
105% Jan 10
13% May 5
20% Mar 17
:
14
18
19
10-
Apr 26
Jan
8
69
Jan
3% Jan
* 15%' Jan
-142
.Jan
28% Jan,
153- Mar30
37% Jan 11
65
Jan 24
59% May 20
64
10%
105
10%
21%
154:
;
t
54% Jan
Jiin
Sep
Apr
38:
-
Jan
46
Dec
Dec
Jun
67% Oct
July
64
:
10% Jan
13% May 31
8% Jan
par
40 ya Jun
13 « Apr 28
48% Jan
4
par.
-10
17% Jan
23% Feb
15% May
-25
30
15% May 3
33% May 31
23% Jan
43% Apr
5
33
Jan
41
2
19
Jan
28% May
91% Jan
119% Sep
Jan
10
39% Jan
par
3
25% Jani10
7% Jan
6%
Juil
14%
157
10
121% Jan 12
149
,
U
Jan
Feb
Jan
13% Apr'
'55
Jan
July
25% May
16% Jan
Mar
147
26
13% July
Jan
23%
-
25
117% Apr 27
1
310
27
55% Feb 29
Pacifio Mills
—No par
Pacific Telep & Teleg——— 100
-6% preferred—i———— 100
8,100
,
119
.
^10
Co-*—-——*—
1st
140
r
Coast
Pacific
470
Feb
Jan
Apr
May,
Jan
x3% Jan
31
Jan
8% Jan
,
Dec
116% July
23% July
41% Aug
6
July
45
>Apr
14%. Oct
15% Jan
36
Apr
18%'May
20% Mar 22
8% Apr 18
-8
Pacific Amer Fisheries Inc_
2,000
.
■
33%
*43
37%
119%
119%
'
:•
16%
33%
*37%
38%
119
118%
16%
Outboard Marine fr Mfg-—.——5
Outlet Co_——————.*_No par
2,500
;
11%
40%
*37%
;
118
118
13%
13%
12%
42%
16%
'
Feb
.7% Jan
107
Jan
.
Jun
14%
101
53
8
100
8%
18
J14731%
<•
Jan
56
Jan
Nov
8
91% Jan.
.
.
16
8
;
*
*
11%
17% Feb
1
18% July
56% Jun
48%
Apr 13
45% Feb 28
.
NO V
-
9% Jan
Apr 17
5% Mar 13
8
45
•
100
-
'
:
59%
42%
43%
43%
38%
38%
38%
119
13%
13%
..Ohio Oil Co—
—No par
Oliver Farm Equipment—-No par*
Omnibus Corp (The)—6
450 1
8% conv preferred A———** 100800 ■ Oppenheim Collins——
No par
4,700
Otis Elevator—i-————_Napar'
6% preferred;
— *——100
■
68
59%
11%
33%
33%
*43 y8
43%
*43
*38
*118
*66
59%
42%
*15
16%
33%
58%
39
22%
43
33%
*66
:
152
*37
12
12% May
—2.50
43
3.
40% Jan
50
Norwich Pharmacal Co—
600
1
1,700
20%
*148
38%
68
68
13%
19%
152s
*36%
58%
13%
20%
*148
Preferred
15
Jan
Jan
49% Jan
115% Apr 24
24% Mar 16
.
1% Mar
38
July
192% July
9% Feb 24
102
•
122
23
'
53% May 26
Jan, 31
-4% Jan
Dec
26%.May
113
17% Mar 21
17% Jan
54
162%-Jan
1
3
37% Feb
Dec
.
2
54% Jun
Dec
Dec
132 ;
18% Mar 15
26
Jan
■& ■ Jan
12% Nov
17
Feb
May
13
32%
28 %. Jan
38% Mar 13
199% Feb
4
.112
.
63%
May 25
% Jan 10
122
May
26% July
16% Jan
May 25
Jan
7,600
:
13
11%
12%
43
33%
20%
*12%
*41%
11%
43%
*15
20%
36%
58%
103%
13%
.,
4
20
6% Jan
19% Mar 11
3
7% May 26
4,300
'
9%
9%
103% 104
9%
13
152
*65%
13%
f
13
19%
57%
11%
16%
102
36%
*42%
*15
•:
18%
36
13
12%
12%
13%
*13%
52%
*148
57
50
9%
20
149%
*35
57
<
18%
19%
*148
*65
13%
13%
45 '
45
■
52%
13
36%
■
.9%
101%
12%
149%
148
*34%
45
18%
12%
19%
19%
*
■'
76
-
xl3%Jan
Telegraph——50
Norwalk Tire As Rubber
—No par,
1,800
5%
5%
3
.
Jan
100
Northwestern
60
195
51% Jan (27
.
Northwest* Airlines, -——No par
2,300
:
52%
9%
101% 101%
13
13
45 *'»•
160
44
18%
9%
9%
.■
:
20
*43
5%
'27,600
113%
19%
43%
10
19
Jan
52
50
50
North American Aviation——_1.
Northern Central Ry Co——
.-50.
Northern Pacifio Ry—-——-—100
Northern States.Pow $5 pfd-No par
100
Jan
,183 % Jan
3
116% May 24
15% Jan 10
6%
7,600
16%
113
20
*5%
.
16%
28 % Mar 14
33% Jan
100
■'Adjust 4% non-cum pfd__ ,—100
10
North American Co
10% Jan
17% May 31
42% Jun
1
.% May 12
preferred series
&%% preferred series—
300
7%
53
52%
9%
14,900
102
3
27
14% Jan
SLtpbldg Corp part stfc
Norfolk & Western Ry—;'
•
150
54
7%
24% Jan
30% Jah 22
I—Us
Noblitt-Sparks Industries-
500
17%
102
,
113%
20
45
*14%
N Y
510
.
55
*53
.
17%
-
*43
43
5%
45 ■"
45
,
17%
*54
.
7%
—
*113
20%
*19%
*44
*44
•
7%
16%
113
5%
45
514
5%
*5%
■
.
*102
113
43
43
42%
■
7%
16%
16%
112% 112%
20
20%
113
38%
196% 197%
*116% 118
par
tN Y Ontario & Western—, —100.
100
3,900
20% Mar 22
11% Jan
■
-
N Y Lack & West Ry Co___
1,060
'%
15%
•
16%
16%
16%
38%
17%
54% *54%
53%
53%
54
73%
3*2
*37%
197%
Xl7%
♦102
*102
*101%
*
10
.
15%
*116% 118
54
,
*53
7%
7%
7%
7%
117%
189
73%
%
15%
*37%
197%
38%
38%
197% 198
195% 197
*117% 118%
117%
74
*aV
*180
15%
117%
17%
18%
117
185
%
%
195% 195%
*180
:
$ per share
4
16%
—,
.No
Highest
$ per share
Jan. 3
26
,
$ per share
19% Jan
62
.—100
preferred series A
N.Y City Omnibus Corp— .No par
6 %.
2,700
Lowest
15% Jan
100
N Y Chic «Sc Bt. Louis Co
700
.
Year 1943
Lowest
Shares
$ per share
*24'/a
17%
Range since January 1
Highest
EXCHANGE
the Week
17%
18%
Range for Previous
NEW YORK STOCK
Sales for
Friday
June 1
$ per share
I per share
Monday, June 5, 1944
31%
.
Dec
45% July
Dec
160
Oct
'
16%
*15%
16'A
5
5
5
4%
4%
16
5
4%
16%
16%
5
4%
16
16
15%
4%
4%
4%
4%
4%
4%
29%
29%
29%
30%
29%
30%
29%
30 %■
9%
9%
*9%
9%
*9%
9%
*9%
9%
110%
110%
♦110%
110%
110%
110%
3%
.3%
3%
3%
51%
51%
3%
*50
51%
,
4%
4%
*52
29%
*9%
110%
9%
110%
3%
3%
53
25%
25%
26%
26
91
93
87
91%
77%
1%
1%
*1%
28%
29%
29
29
29
29 y4
20.
20
20
20
20
1%
1%
29
29 y4
is ya
55%
6%
*6y4
6%
*6%
*18
100
*19
19%
19%
18
-
18
77%
80%
1%
iy4
1%
100
6%
18 y8
55 Va
55%
6%
14%
14%
14%
14%
13%
14%
14
13%
13%
13%
.2%
13%
13%
2%
40%
2%
2%
*41
41%
17%
16%
18
*110%
30 y8
*16
30%
24
*23%
24
24
.
58%
58%
7%
*7%
13 %
*65,
€6%
43 >4'
t
i.
'
.
*16%
25
*57%
49 y8
i3 y8
.
:
44
50%
13%
-
13%
■■
*65%
5,400
500
'*25%
26%-
•
8%
*8%
26%
8%
*8%
9
2%
2%
17
16%
43
16%
*23%
■
.
(/
58
7%
51%
50%
13%
*12%,
43
■•■.■■43"
8%
700
50%
11,800
'
13%
67'^'
67%-
"
'58% :
<*.*7%
7%
.
24%',-.
,
26%
8%
8%
8%
*8%
47'
47
46%
46%
a46%
46%
47
47
47
21%
21
21%
21%
21%
21%
21%
21%
51
51%
51
51%
51
51%
51
51
51
99%
X98
99
99
99
99
19%
*24%
*116
19%
•
24%
30
30%
87%
88
19%
X19%
19%
19%
19%
5,300
Phila Electric Co. com-—
X24%
24%
24%
24% 1
1,400
*116%
119%
30
30%
30%
30%
88
88
88
89
109%
*108%
109%
*108%
114
*112%
114
*112%
114
*112% 114
*12%
14
*12%
14
*12%
14
109%
110
110
*108%
43%
43%
43%
43%
12
11%
25
24%
24%
*102
135
7%
*75
77%
13%
,
*185
5%.
7%
13%
13%
175
-
*ii2ya
114.-
•
*13%
14',
100
;
44%
i
88
11%
800
25%
600
135
5%
70%
*72%
7%
74%
13%
*169
13%
175
7%
*102
135
5%
70
5%
~5%
7%
*102
*5%
5% '.
*72
13%
*169
71%
7%.
68%
68%
7%
500
73
13%
175
13%
*169
73
10
13%
1,500
175
*185
5%
7%
5%
7%
5
7%
*5%
1
49
*58%
59
*14
14%
*169%
88
73
88
89
89
6,600
7% '
1,900
49%
51
51
51%
50%
58%
59
60
59%
14%
14%
14
14
14%
*169%
U%
11%
12
73
11%
*71%
14%
*169%
73
74%
11%
*72%
14%
—
11%
75
'
:
Pond Creek Pocahontas—
2,000
;
3,700
59% '
:
1,090
!
160 «
800
'
(
*169%
11%
11%
1,000
*72%
74%
30
:
'
17%
*24
9%
17%
17%
17%
25
24%
25
*9%
9%
Xl7%
17%
17 y4
17%
17%
17% '
24%
24%
24
24%
24
24
9%
9%
10%
»A
9%
10%
9%
9%'
11%
11%
11%
11%
12
12%
12%
12%
12 y4
12%
*11%
12%
*11%
12%
*12
3 oi/,
*11%
12%
*11%
*37%
38
*37%
38
39%
38%
38%
*38
39
54%
55
54%
55%
55%
56
55%,
56%
120
119%
119%
119%
119%
is y8
15%
X15%
15%
*119
38
•
119
119
.
55%
2,800
96
15%'
96
102% 102%
15%
15%
*118%
119%
100
15%
15%
95%
96%
95%
96%
96 y4
97%
102%
102%
102%
102%
102%
102%
97
102%
97%
103
23,400
■
■
650
108%
108
108%
107% 108%
108 %
108%
108
108%
180
117%
117%
117%
117%
117%
118
117%
117%
117%
117%
370
*116%
117%
117
117
117%
117%
60
43%
44%
14,100
43%
16'/a
44
*117
117%
117%
117%
44%
44%
44%
45%
15%
16%
*110%
16%
110%
111
111
*110
110%
105%
105%
105%
105%
*105%
106
*23%
24
For footnotes
23%
see
page
23%
2323.
16%
*23%
16%
23%
44%
16 y4
110%
*105%
2.1%
45%
16%
16%
16%
18.900
7%
'
8 %
Apr 26
3
Feb
Jan
31
Jun
1
5
114% Jan
17
14
Jan
19
110
Apr
19
47
Jan
5
May
May 27
11% Jan
7
75
Jan
Feb 21
Feb 21
80
May
:
5
Feb
14
Jan
100
50
111
111
400
6%
106
300
5 <*>
PnHtv
(The)—.
preferred
preferred-
conv
Pnrn
Jan
3%
28
102'Jan
7% May
Feb
Jan
59
r
68%
Dec
Jan
5
9
Mar
Jan
77%
Jun
9%
Feb
15% May
168%
Nov
168% Nov
170
Jan
182
4
Jan
Mar
May 12
5% Mar 24
9% Jan
6% Apr' 25
3
99
Jan
10
10«
27
3
61% Jan 10
10
56
90
July
52% May
6
17% Mar 21
Jan
Jan
*
7%
Jan
Jan
14%
Ma"r
22
May 16
17% May 16
79
Feb
15
19
Jan
5
19% Jan
25
May 29
18
Jan
Jan
8% Jan 25
69
15
75
Dec
150%
11% Jan
64
Mar
16% Mar
168
Nov
10% Dec
1% Jan
20
Jun
10% May
4% Jan
59% Jan
,
24
74%
Jan
Dec
21% July
14% Jan
,
23% Apr
13
*Jun
8% Apr 25
11% Mar 16
4
11% Apr 25
11% May 17
13% Mar 16
6% Jan
13% May
13% Mar 16
6%
13
35% Jan
10
43
Mar 16
52% May 19
-—S
50
58
Jan
116
Mar 25
13y4Jan
.3
120
Jan
12
1
97% Jun
1
87% Jan
3
Jan
3
105
4
110
3
96
113% Jah
15
15% Jun
104% Jan
;
100
———.*100
Apr
4
Apr 13
Jan
24%. Jan
40%
48 %
Jan
58
114% 'Apr
11% Jan
123
75%
Jan
85%-Jan
Jun
•
Jun
Sep
Feb
17%
Apr
96 % Oct
107 % July
96%
Jan
114% July
119% Apr 10
108 Va
Nov
129% July
122
Aug
119% Feb
15
113% Nov
37% Jan
3
45% Jun
1
26% Jan
40 % July
15 y8 Feb
3
18
Jan
19% July
109% Jan
12
113% Feb
Feb
101
35
107
114% July
107% July
115 % Apr - 28
No par
—100
-100
—
.
.
Aug
6%
"
No par
N"
10% Dec
May
3%' Jan
34%
July
July
Apr
4
171.
186
32% Jan
46% Apr
Jun
July
117% Jun
14% Mar 13
4
3
.57% May
90%
42% Nov
8% Mar 24
3
4% Jan
Jan
•
113
18% Jan
13
Apr
26% Jun
Feb
Nov
5
27.
Dec
25% Sep
13% Jan
71
104%
109%
7%
79%
12% May 22
25% Jun
1
164% Jan 25
183
22
*24%
Maris
89
Apr
Mar
*51% Sep
91% Sep
18% Aug
Oct
3
16
*29%
28
109% Jan
25
Mar 28.
7% Apr 18
68% Feb 25
—
Pure Oil
106
23%
25% Feb
118
102
Pub Ser El Ac Gas pfd $5—--No par
Pullman Inc
-No par
110%
23%
21% Jan
May 16
23% May 13
106
2
.
106
?i%
Jan
5 4 Jan
No par
————100
preferred—
preferred—
Jan
68%
61
5% pfd (ser of Feb 1 '29)
100
Pub Serv Corp of N J
No par
$5 preferred-6% preferred
1,000
108 y4
37
99% Jun
9
*Apr 4
23'/a Feb 23
.
'
15%
—
52% Mar 17
5
43
.
5 %; conv 2d preferred
Procter Ac Gamble
300
55%
3
X98
No par
5% conv 1st preferred
49 y4 Jan
11
11% Feb 14
Poor & Co class B
No par
Pressed Steel Car Co Inc——1
12%
Nov
17
100
4,800
51
58%
1
Pittsburgh Steel Co
.—No. par
7% preferred class B
—.100
5% preferred class A—100
5%% 1st ser- conv ,pr pfd.
*100
Pittsburgh & West Va
—*100
Pitts Young Ac Ash Ry 7% pfd—100
Pittston Co. (The)
1
Class B preferred—
—100
Plymouth Oil Co—
—5
'
200
-
20
.
.
8% Jun
5% Jan
22% Mar 16
•
26% May
10% July-
Feb
49% Jan
108
series—-——100
700
89
59
14 y8
11%
*71%
88
43%
*58%
*169%
*11 %
87%
.
3
82
.-100
6% preferred
——*100
Pitts Coke & Iron Corp——No par
$5 conv preferred——No par
Pittsburgh Forgings Co
—*—1
Pitts Ft Wayne. & Chic Ry
100
7% preferred..
—————100
Pitts Screw & Bolt
-No par
4,900
7%
9% Mar 13
59% July
16 % May
6% Jan
14-
24% Jan
Pittsburgh Coal of Pa—
1,500
23
8
12
26
19
100
Pitts C C Ac St Louis Ry Co—
135
74%
7%
*185
5%
7%
*85
49
7,500
'
Sep
58% May
41% May
Jan
7% Jan
117
—10
series
19
46% Mar 24 v.
24%
61% July
7% Sep
Jan
88 ya Jan
Phillips Jones Corp
—No par
7 % preferred—-——
-100
Phillips Petroleum—
No par
Phoenix Hosiery
i
-—8
Plllsbury Flour Mills
—25
60
*i08ya
44
Corp——
5%
20% Feb
■
■
34% Feb
Mar 24 f
Dec
32% Apr
Feb
40 ya Apr
No par
Preferred 4%%
■"
*84 %
49
9% Jan
Preferred 4JA<%
10
25%
7%
~5%
7%
7%
109%
*11%
'
.
*108%
11%
*185
5
26% Jan
Philip Morris Ac Co Ltd
25%
7%
*185
~5%
Philco
1,300
11%
5%
175
'
44
9,700
89%
25
67
13%
*169
43%
30%
11%
76%
*75
43%
119%
29%
25%
*102
5%
.
6
7% Feb 29
No par
100
————3
*88%
11
67 y4
*7%
13%
114
*118
*25
135
*5%
66%
67
*7%
*169
*102
5%
5%
66%
13%
109%
*108%
43%
12
25
*11%
23% Mar
$T preference com-—4.4% preferroa
1
88.
1101
t
.
113
Jan
.28% Jan
15% Mar 21
Jun
17% Mar
Jan
Jun
Oct
3% Mar
Feb
5
No par
preferred———
9%
45
Jan
Jan
33% Jan
.
Sep
,20 % July
.1% Jan
33%
13%
108 %.
23%
17%
1%
-69
Corp—:——_25.
24%
*108%
*112%
$6
23Q
:
46%
4*
Philadelphia Co .6% preferred--—50..
840
,
Nov
60% Mar
3% Jan
10
Mar
Apr. 24
10% Jan
3
Corp of America——.
Phelps-Dodge
46
—8
.100%
9
63
"
May
;
8% Apr 14
53% Mar 16
4
6
NO par
-
20
108%
108%
600
11,200
Jan
54 y2 Jan
Pfeiffer, Brewing: Co-:
—No par
Pfizer (Chas) Ac-CO Inc.-—;——-1
:
55
5% Jan.
;
.100
119%
30%
30
*87
.,
.100
15
.100
;
24%
120
.100
800
-
preferred—
*116%
24%
*116
21% Jan
5,
Jan
29
Dec
Jan
J 13
26
^
Jan
Nov
80,
.
30% May 31
25
May 31
100
.'5% prior preferred—
5%
18% Jan
1%
May
51%
2
112
3
19% May
6% May
■
*
15
2% Jan 24
42% Jun
32
Jan
16%
.
16% Mar 13
Mar 17"
25% Jan
5
July
16
15% Apr
110% Mar 17
-50
Pet Milk .Co——
'
19%
24%
120
16
par
.100
Petroleum
•'V
t
99%
*98%
19%
9
100
51%
98
10
37% Feb
700
21%
98
2V4 Jan
par
600
47
21
3
.
8%
.
18
.
8%
8%
;
May
July
30
72% Dec
2% Apr
27% Jan
24
.100
106
'1% Jan
3
Jan
-
45% Dec
Jan
17% Jan
15
51% Apr, 10
93% Feb
7
.
1
Co-1—
7% Mar
20% Feb
July
15% Jan
3
58
9J/8Jan
400
.
3
Oct
4
35% Jan
\
Mar 28
13 % Apr
.
43% / '
26 y4
26%
Pepsi-Cola
Pere Marquette Ry Co*——
200
67%'*'
8%
*26
A——No
Penn Glass Sand Corp—No
,5% preferred:——
Pennsylvania RR——
Peoples Drug Stores. Inc-*——.
Peoples G L & Coke (Chic)—iPeoria Ac Eastern Ry Co*——
19,000
1,200
1,000
Jan
20
par
-$7 conv pref ser
—-
29%
31
*11%
113% July
Jan
100
1% Jan 28
7
~
'
2
25
18
6% May
17% July
5
"Apr
43% July
Jan
2% Jan
2
Jan
4% Jan
Airlines' Corp.— —1
-10
Penn-Dixle Cement—No
1,300
400
,
29%
"
*110%
9
*8%
(
Jun
27% Mar 16
98% May 26
15% Apr 26
•
Penn Coal & Coke Corp—
1,400
,
42%
54:
106
26% Apr 27
Co——No par
Penn-Central
6
10
18% Feb
.
Transportation—-No par
Enterprises-— —10
1,600
.
.
3
Jan
23% Jan
7% Jan
105% Jan
8
112% May 1
3% Mar 25
8
-
3%
-9
10% Mar 17
iyaMar 27
—No par
Penney (J C)
Jan
57% Jan
Penick At Ford——;———No par
1,100
'3,000
Jan
33% Mar
23% Jan 27
Patino Mines Ac
■V
14%
42
Par melee
200
.*■
45
103'
.
Parker Rust Proof Co——— 2.50
1,700
V
9%
*25% > 26%
9
8%
56%
100
Utah
4,500
.
,'
14%.-
■
*25%
6%
18%
2% Jan
Mines. .*-1.
Parke Davis & Co—
19%
r
44
Consolidated
29%
:
,109 % Jan
-
Park Ac iTilford Inc--.—: —1
Park
6%
28% Apr 25
8% Feb 18
,
.100
"4% conv preferred——:
Paramount Pictures Inc———: —1
25,600
28,300
1,900
13%
58%
7%
67%
43%
par
,
14%
-
29%
24%
*58
51
-
*65%
Paraffine Cos' Inc——-—No
300
v
1%
99%
2%
24
-7%
13%
•
x29y4
58%
7%
66-1- 66%
*43
24%
.
49%
*13
-
?
Panhandle Prod. Ac Ref.——
i
.79
*55%
42
*110%
30%
7%
•
49
49%
*13
X42
17
30%
58%
58%
7%
2%
41%
♦110%
*110%
30%
29%
2%
41%
'
,
27%
*18%
•
14%
2%
*17 %
,
if.
100
100
14%
40%
1,300
—1
19%
18%,.
55%
99%
99%
Pan-Amer Petrdl ft'Transp—--. —5
•Panhandle East'P. L 5.60% pfd. 10O
29
j
6%
*54%
'170
5% Feb 21
'ley* May 27
4% Mar 17
29
3% Jan 27
Pan American Airways Corp— —5
200
20
26%
4% Jan .: 3
12% Feb
—No par
Packard Motor Car—
5,700
>
,
54
77%
%
18%
56
100
14 y8
43
6%
18
,
26
1%
99 'A
55%
*13%
•49%
y8
26
84%
*54%
.
;
(
*105%
25%
Pacific Tin Consol'd Corp——J —1
-10
Pacific Western'Oil, Corp—
2,500
1,100
33,200
•
3%
54
*105
105%
26%
4%
29%
-
110%
3%.
54
105%
4%
110
3%
*52
*105%
•105%
,
4% ;'
i5%.;
.Ton
19% Jan 14
Mar 22
11
18
104%
o
92%
Jan
23% May 25
113/4
Jnn
P«b
29U,
TMnv
■
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4287
Volume 159
LOW AND
Monday
Saturday
May 27
*13
13%
HIGH SALE PRICES
.-Tuesday
May 30
$ per share
$ per share
13%
.
May 29
.
STOCKS
June 1
May 31
$ per share
13%
13%
*13%
13%
$ per share
*13%
14
NEW
the Week
June 2
$ per share
$ per share
Sales for
Friday
Thursday
Wednesday
<<
2321
YORK
Range for Previous
Range since January 1
Highest
STOCK
Shares
Par
400
14
Year 1043
"Lowest
EXCHANGE
.10
Quaker State Oil Ref Corp.
$ per share
12% Jan
Lowest
$ per share
21
per share
14% Feb
11
10%
Hl|hest
t per share
Jan
15
Jan
12% May
July
R
9%
9%
9%'
9%
9%
'
74
74
74
.
74
74
9%
9%
74
74
'
8%
8%
8%
51%
92%
91%
92%
29
9
8%
9
8%
91%.
92%
9%
91%
91%
800
9%
28,500
91%
9
91%
Radio Corp of
38,000
74 %
8%
74%
9%
74%
9%
2,450
No par
Amer
$3.50 conv 1st preferred
Radlo-Keith-Orp"
6%
No par
1
100
mm
preferred
conv
8%
69%
7"%
85%
Apr 18
10 % Jan
12
Jan
5
74% Jun
1
Apr
24
9% Mar 16
107% Jan 17
Jan 27
4%
59
Jan
71%
Oct
3%
Jan
10%
Jun
54 %
Jan
101%
Dec
"
*29
29%
29
14%
14%
"14%
30
30%
*17%
>
30%
*7%
8%
*115
30%
17%
17%
900
38%
38%
38
38
600
4%
non-cum
1st preferred
30%
30%
30%
30%
300
4%
non-cum
2nd preferred
*7%
8%
*7%
8 y4
7%
7%
200
*115
124
; 6i
62
*115
61%
124
*115
61
15%
15%
*15%
19
19
*18%
19%
300
16%
16%
16%
16%
3.000
93%
93%
*92%
94%
*92%
94%
93%
94
400
95%
95%
95%
95%
98
96
98
2,140
Rensselaer
10%
10%
10%
9%
10%
3,300
Reo
17%
17%
17%
17%
17%
16.300
101%
101 %
200
10
10%
16%
10%
•
16%
102:
*95%
7%
96%
<
7%
92
72%
16%
101%
96%
7%,
92
8
92
91%-
100
102
96%
*95%
8
8
91%
*91%
73%
72%
102
95%
96%
73%
72%
72%
12%
<12%
12%
12%
12%
90%
90%
90%
90%
90%
73%
420
12%
90
10%
10%
29%
10%
11
11%
29%
.30%
30
30% 1
37%
*36
10%
29%
*36
37%
15%
15%
15%
"15%
11
15%
*9%
9%
9%
9%
9%
*14%
14%
14%
14%
9%
15
*6%
6%
20%
*20%
20%
29%
*29%
29%
*19%
19%
19%
19%
19%
20%
19%
*49
51
50
50
50
50
50
28%
29
29
29%
28%
28
"
*6%
6%
*6%
20%
20%
1,500
29%
29%
29%
400
20
19%
19%
:
28%
28%
A
St
2C0
%
%
*%
A
1%
1%
1%
1%
1%
1%
*1%
1%
1,200
48%
48%
48%
48%
48%
48%
48%
48%
48%
48%
3,100
113%
113%
113%
*113%
114%
*113
113%.
*113
113%
v
7%
51
50%
51%
*107%
108
*107%
40
*40%
"
7Va
50%
7%
7%
40
7%
—
.
■
;
108
—
•;>>•
—
:
50%
111%
*110%
109%
*109
110
*24%
25
24%
*3
113
7%
4,300
8,500
*107%
107%
100
Schenley Distillers Corp
5%% preferred
400
Scott Paper Co
110 %
111%
*110%
41%
111%
110
*109
110
*109
110
24%
24%
24 %
24%
24%
3%
*40
3%
3%
3%
3%
3%
3%
89%
89%
90%
90%
91%
91
18 %
18%
18%
18%
18%
17%
18%
X24%
91%
18%
69%
14%
69
69%
14%
*12%
69
75%
11%
11%
27 %
*3%
69
69%
13
12%
75%
11%
7,600
7,100
Servel
2,200
71%
6,100
100
*51%
52%
*52
52%
*52
27%
*27%
27%
*26%'
27%
'
.
3%
11%
3%
3%
11%
3%
3%
27
27
271%
27
27%
28
29
24
23%
23%
23%
24
24
13%
*3%
13%
13%
13%
13%
13%
13%
13%
39%
39%
14%
*14
14%
14%
14%
14%
14%
22%
*22
22%
22%
22%
22 %
22%
*22
36%
27
37%
X36%
37
36%
36%
36
*23%
24%
24
24
24%
25
24%
24%
25
13%
13%
13%
13
13%
13
13 %
13
3%
3%
*33%
34
33%
33%
39%
39%
40%
39%
*146
*22%
15
29%
24%
4%
6%
*58%
36
3%
33%
33%
33%
33%
40%
41
40
1,600
37,300
"■
33%
41
40
*148
151
3%
4
*148
151
3,100
8%
15%
Xl5%
15%
15%
15%
30%
30%
30%
30%
23
25%
24%
53%
52%
53%
65
65
53%
64%
53%
65
5%
7%
*58%
1,700
25%
52%
64%
7%
65
*58%
5%
7%
65
5%
*7
*58%
5%
5%
7%
65
65
5%
7%
*7
*58%
28%
28%
28%
28%
28%
28%
28%
28%
800
23%
24%
23%
24%
23%
24%
23%
24%
4,600
39%
39%
39%
39%
39%
39"%
*39%
*59
60
60
60
60
7%
8%
8
34%
34%
115%
*111%
*111%
*58%
112
*108
30%
*113
8%
8%
64%
63%
64
2,740
35%
35%
34%
35
34%
35
1,400
*111%
115%
*111%
113
*111%
35
34%
115%
60
*58V2
60
112
*111%
112
109
114%
*%
iir
*113
113%
60
*59
112
*112
109
109
109%
109%
109 %
140
30%
30%
30%
6.700
113%
100
30%
30%
*112%
114%
*%
iir
3 %•
59%
112
108%
114%
%
-
59%
31/4
3%
i§
3%
30%
112
112
*112
II
*•%
46
47%
45'
47
45%
46
52%
53%
53%
55
52%
54%
52%
53%
52
53
36%
37
36%
37
36%
37 %
37
37%
36%
37%
33%
33%
56%
56%
*112
7%
43
115
33%
33%
33%
33%
33%
33%
33%
8,100
56
56%
56%
56%
56%
56%
19,300
43
42%
43
43
43
114
114
114
*113
115
7%
*113 %
32%
64%
64%
13%
9%
9%
10
17%
8%
16%
16%
*55
56
*124
16%
55
125
21
*78
*21%
*30%
6
.
——
7%
21%
'80
21
*77
21%
21%
31%
*30%
31%
10%
10%
11%
——
30%
31%
31%
31%
31%
1,600
Starrett Co
64%
65%
65
66 %
2,100
1
——
——
—
.
.
20%
—
—«.
—.
'
-.
1
No par
Sterling Drug Inc
14 Va
14%
14%
14%
11,400
10%
10%
•10%
10
10%
6.7C0
17 %
17
17
17%
1,100
Stokely Bros & Co Inc
5%
prior preferred
8%
8%
5,100
Stone
17%
44,800
17%
56
125
6
6
17%
*55 %
*124
%
6
17
8%
17%
8%
17%
56
56
56
125
*124
125
6%
x7%
7%
7%
8
21%
21%
22
79%
79%
79%
22%
22%
23
*22
30%
*30%
31%
15,700
4,600
*30%
21%
79%
200
22%
1,000
11%
11%
11%
11%
11 %...
30%
30%
30%
30%
Mining Co
Superheater Co (The)
Oil of Calif
Superior Steel Corp
Sutherland Paper Co
Superior
31%
.
cum)
Corp
100
11%
2,600
Sweets Co of Amer
30%
2,600
Swift
to
(The)
par
1
.
pfd (4% %
Oil
Sunshine
%
X30%
Sun Oil Co
Sunray
21%
No
Studebaker Corp (The)
Class A
79%
10
3
1
20
Corp.
Webster
&
12,500
6
7%
22
900
No par
(The) L S
Stewart-Warner
8%
5%
*78
30%
.No par
100
1
10c
No par
25
100
10
12%
23
Co
32 Va
32 Va
32%
32%
32%
32%
32%
32%
32%
32%
4.100
28%
28%
28%
28%
29 %
29
29'%
28%
29
7,900
Sylvania
6,600
Symington Gould Corp
57/a
5%
5%
footnotes
see
page
5%
2323.
—
5%
6%
6%
6%
6
91
May
13
Jan
3
Feb 29
Jan
3
Apr 18
Jan 26
Jan
3
Jan
5
Jan 13
8%
13
5%
17%
25
14%
45
27% May
3% Mar
% Jan
43% Jan
110 % Jan
7
Jan
38% Feb
105
Jan
37% Mar
109
Feb
108
Jan
21% Jan
2% Jan
2
May 12
11%
30%
38%
15%
10%
15
6%
20%
x30%
4
3
3
36
Jan
5%
Jan
Dec
59% Nov
7% Jan
80
Jan
Jun
Dec
Nov
Sep
May
Jun
10%
Apr
20Va July
101%
Dec
88%
Oct
9 %
Apr
98
Feb
70
Feb
15% July
Jun
93%
May 11
5%
Jan
11% July
25 %
Jan
32 %
34%
Feb
39% July
Feb
12%
Sep
14%
7
Mar 18
Jun
1
Jun
Oct
7%
Jan
12
9
Jan
17 % May
July
May 25
May 29
5%
Jan
19%
Dec
21%
Feb
10
20'/a
Jan
28
Oct
Feb
19
11%
Jan
18%
Jun
51 % Apr 11
43
Jan
50 %
Aug
32% Jan
27% Nov
23
12
17
20
27
8
3
17
6
11
9% May
Dec
36% Mar
% Apr
3
3sa
Jan
2% Apr
48% Jun
3
%
Jan
3% Mar
Jan
47% July
113% Jan
24
105%
Jan
8% Feb
1
6%
Nov
12% Mar
547/a Mar 31
19%
Jan
44%
96
Jan
36%
2
xl08 % Mar 23
35
1% Mar
114
Sep
Dec
107% July
Deo
43
112
Jan
6
109% Nov
115
Fab
110
Jan
8
105
112
Mar
427/a Feb
16
16
3
16
10
5
7
14
May 2
Jan
3
Jan
6
Jan 27
Jan
6
Jan
4
16% Mar 16
84
Feb
16%' Feb
73%
76
Nov
6%
Mar 22
Jan 25
25% May 19
Dec
16%
Jan
2
Feb
26%
Jun
3% Jun
2
Jan
4%
Jun
91% Jan
5
59%
Jan
90%
Dec
19% Mar 20
10%
Jan
18%
Sep
Jan
17% July
6
9
13%
22
29%
23
12
Elec
Prod's Inc
No par
1
4
5%
Jan
73% July
10%
Jun
9
31%
Jan
57
Oct
12
17%
Jan
29
Jun
Jan
27
2%
Jan
Jun
1
May 25
7
28 %
Jan
5
28
27%
Apr
May
Nov
xl3Va July
45% Sep
18% Jan 22
15% Nov
24% July
3
22% Aug
23%
23% Jan
13% Mar 17
4
3
Jan
25%
10%
Jan
15% July
2%
Jan
5
16%
Jan
29%
20%
Jan
30%
May 17
132
Jan
Jun
Apr
Dec
Sep
149% July
25
Apr
14%
Sep
21%
Jan
15% May 26
10%
Jan
32% Mar 22
15%
Jan
30% May
28% Feb
26
15%
Jan
30%
53% May 31
35%
Jan
Apr
49% May
65
42 Va
Jan
66
2%
Jan
2%
Jan
5%
7%
59%
31%
27%
39%
61
8%
65
38%
113%
64%
114%
„
10
1
19
19
27
15
3
27
3
25
8% Jan
Jan
Mar 14
24% Jan
18
29
3
28
4
27% Jan
39% July
15%
May 31
152
May 12
Jan
Feb
Jan
Jan
Jan
Apr
Jan
6
Jan
35
4%
5%
55
28
227%
28% Jan
62% Feb
11% Jan
9% Feb
15% Feb
77/a Apr
137/e Apr
Apr
Nov
19
41
7
19%
29%
11% Mar 16
Jan
37% May 29
27 % Jan 14
3
3
4
72
16% May
73% May
1
Apr 25
23% Jan
20
Jan
40"% Jan
5%
17%
Jan
Jan
42% Jan
22% Apr 24
13% Jan 17
5%
8%
54% May
.
287/a Jan 10
28 Ve Jan
6
141
Jan
6
55
121
54
64%
73
Jan 28
Feb 5
Apr 12
Jan 27
3% Jan
54
Apr
5
14% Mar 13
75% Jun
28% Apr
Jan 18
May 16
3
112
' 31%
115
1
4%
50%
58%
38%
34%
56%
43%
114
9%
6
May 31
18
29
26
14
6
25
2
31
29
13
25
2
10
28
21
6
10
22
22
22
11
15
10
Apr 12
Feb 15
Mar 22
Jan
May
Apr
Mar
Jan
Mar
Jun
May
May
Mar
May
Feb
Jan
Jan
Mar
Mar
Jan
Mar
Mar
Mar
Jan
Jan
May
32% Mar 22
67% May 18
14% Jun
1
11% Mar 14
17% Mar 14
9% Feb 2
17% Jun 1
60 % Jan 21
125
Mar 18
• 6% Apr 21
8% Mar 16
22
J"u 1
84% Feb 2
24% Mar 22
32
May
11 % Mar
6
3
10
31% Mar 20
32% Feb
2
26% Apr 18
5% May 9
33% Jan
5
7% Mar 13
27% Jan
Swift International Ltd
28%
For
73% Jun
13% Jun
2
4
8
—
•
14%
8%
17
Jan
3
Jan 26
Feb 14
Spencer Kellogg & Sons
No par
May 5
Sperry Corp (The)
1
May 13
Splcer Mfg Co
—No par
36% Jan 26
$3 conv preferred A
N'c ps56% Jan 27
Spiegel Inc
—2
6
Jan
3
Conv $4.50 preferred
No par
50% Feb 11
Square D Co
1
33% Apr 20
5% conv preferred
__100
110
Jan 28
Squibb (E R) & Sons
No par
59% May 12
$5 pref series A
No par
111% Apr 19
$4.25 preferred
No par
108
May 17
Standard Brands, Inc
;—No par
28% Feb
9
$4.50 preferred
—
.No par
110
Jan 27
Standard Gas & El Co—.—No par
% Apr 15
$4 preferred
No par
2% Jan
3
$6 prior preferred
No par
33% Feb 10
$7 prior preferred
No par
40 % Feb
8
Standard Oil of Calif
No par
35% Feb
7
Standard Oil of Indiana
25
32% Mar 3
Standard Oil of New Jersey
25
51% Apr 19
Standard Oil of Ohio
25
40% Jan
4
4% % preferred
100
111
Jan 26
Standard Steel Spring
1
6% Jan 13
64 V2
21%
—,.
——
100
-
<
31%
56
11%
30%
300
9,900
7.50
No par
-
31%
*124
—
21%
30%
"
16%
——
——
21%
80
,
'
——
6%
7%
8%
8
25
tr ctfs____100
8%
——
55%
7%
8%
1,600
1
No par
stk
13%
—
——
125
6%
8%
4
Mar 16
Jan
preferred—
& Ohio
*16%
mmmm
17%
8%
114
Jan
10
Jan
85% Apr
8% Jan
28
Jan
Mar 14
Apr
Jan
Co
Railway
non-cum
64 %
10
*124
8%
63
95
Jan
Jan
16%
No par
10
13%
8%
114%
8%
8%
31%
*7%
16,300
42%
13%
6
9,200
33%
64%
16%
2,500
56%
7%
17
8.200
-
!42%
31%
8%
3
46
56%
64%
*16%
2%
*44%
X42%
*13%
*31
60
300
3%
45%
3%
*
«
3%
3
300
60
112%
*45%
*42%
40,700
112
30%
30%
30%
*59
8%
8
*111%
109
109
20
63%
X64
15
Jan
14
95%
10% May
.
900
61
61
8%
8%
65
♦
40
64%
8%
63%
62%
Jan
4%
Mar 16
Mar 24
21
100
Spear & Co
$5.51 preferred
2,200
39
60%
84
6
26% Mar 14
No par
Sparks Withington
15,200
28%
61
10% May 31
18%
102%
97%
8%
86% July
14
Edison
Natural Gas
5%
65
24
*60
18
Apr 24
100% Feb 25
87
Jan
3
6% Jan
3
Jan
29
par
par
Greyhound Lines.—-5
California
Mobile
240
39
*59
8 % Apr
16
1
20
Apr
3
Apr 19
preferred
Southern
5,300
24
*28%
100
80
10% Feb 8
36% Apr 24
par
par
Iron
Southern Pacific Co
21,300
;
&
Southern
29,600
22%
Steel
Southern
1,000
30%
25%
par
20
—No par
10
Smith & Corona Typewriter.No par
Socony Vacuum Oil Co Inc
15
Southeastern
151
15%
25%
par
Smith (A O) Corp—
South Porto Rico Sugar
8,200
29%
24%
Dec
94
7
Jan
23
South Am Gold & Platinum
300
'
22%
22%
Oct
74%
$1.20 preferred
3,000-
22%
5%
7
6%
170
52%
4%
4%
800
-
4
93
Jan
9
70% Jan
8
86%
No par
-
Oil Corp_
Skelly Oil Co
Sloss-Sheffield
1,100
14%
22%
64%
52%
*63
65
39%
14%
Sinclair
36,600
22%
24%
24%
52%
63%
♦148
:
Jan
42 Va
x83% Mar
3
30
Jan
No par
Silver
Simonds Saw & Steel
15%
29%
24%
52
63%
40%
4
69%
Jun
15
5
pil
King Coalition Mines
Simmons Co
30
*15%
15
29%
*33%
22%
22%
22%
4
151
*148
151
4
39%
39%
May 17
18
Mar
14
35
Jan
3%
No par
15
.
(W A) Pen Co
Shell Union
5,900
13%
4
39%
19%
No par
1.700
25
13%
39 %
20
Jan
127% Feb
Jan
22%
13
63%
12
72
9%
48%
24
3
24%
No
No
No
No
.
1,400
13%
*13%
35%
*38%
13%
Jan
12
No par
Corp
preferred
(Frank G)
Sheaffer
800
,24
*22
39%
Shattuck
1,300
3%
28 %
28
23%
39
Jan
14%
May
-1
Inc
$3.50 conv pref ser A
'
25%
■
No
& Co
Sharpe & Dohme
52%
27%
3%
3%
Corp
$5 conv
330
12%
*11%
11%
15% Apr 24
19% Mar 17
17
No par
Sharon Steel
11%
11%
5
Feb
5
147/8 Apr 19
5
Sears Roebuck
75%
12%
*75
*24%
26%
Seagrave
15
70
13 %
75%
70
7
'
14%
75%
500
18%
118%
15
Seaboard Oil Co of Del
2,900
52%
26%
3%
*75
15
preferred
$4 preferred—
10
3%
:
$4.50
91
26%
♦51
52%
27%
69%
12%
75%.
*75
11%
*51%
15
69
12%
12%
12%
*75
14%
10
24%
3%
91
''Vfl'.
14%
100
7%
40%
3
No par
100
5
5
100
No par
No par
No par
Safeway Stores
5 % preferred
Savage Arms Corp
50%
107%
50% Jan
11% Feb
10
100
100
preferred
non-cum
7%
40%
*110%
7
J
Francisce
Louis-San
6%
50%
*107%
Jan
No par
7%
40%
*109
No
(The)
51%
107%
110%
Co
7%
89%.
*14%
•
90
No par
50%
52
3
1
Co-
Joseph Lead
tfit
'
40%
111%
109%
16
107%
—
40%
*110%
*%
Jan
.-.—lO
—
$2.50 conv preferred
2,800
*%
A
1 %
Jan
26%
1
Rustless Iron & Steel Corp
30
1%
14%
38% May 29
30% Jun
1
10
Feb
7
No par
Oil Corp
Ruberoid
4,800
51
*50
3
13
Company
No par
Roan Antelope Copper Mines
Royal Typewriter
1
6%
20%
Jan
Jan
Jan
Ritter
600
20%
*29
15%
32%
27%
57/a
Aug
22% May
100
Inc
Mfg
Richfield
2,600
*%
.
Rheem
3.766
,
Jun
32
conv
Common
9%
15%
20%
28
7,800
9%
*15%
.,
29%
*49
5,300
9%
15
20%
6%
11%
37%
15%
29%
*6%
280
30%
30%
*36 v
6.900
15 %
*29
„
13%
15%
*20%
6%
70
90%
10%,
30%
37%
15%
9%
14%
12%
■90
11%
30
*36
37%
*14%
73
Jun
15%
Jan
preferred
100
6% conv prior pfd ser A
100
Revere Copper & Brass
No par
1% preferred
100
5%% preferred
100
Reynolds Metals Co.
No par
5%% conv preferred
100
Reynolds Spring
1
Reynolds (R J) Tob class B
10
4,100
91%
Motors,
29%
Jan
26%
25
i
Saratoga RR
Republic Steel Corp
6%
Jan
11%
30% May 20
20% Mar 21
1
Preferred with warrants
&
21
2
No par
10
Remington-Rand
500
,
8
*91%
1st pfd—
& Co
Reliable Stores Corp
Reliance Mfg Co
900
95%
7%
8
91%
12%
72%
15%
1
102
91
27%
(Robt)
16%
96
*6%
Rels
230
,
19
96
14%
Preferred
61
31% Mar 22
15% Mar 13
Feb
1
25
50
50
50
5
Hosiery
15%
'
*36
Silk
16%
*101%
*90
Real
124
63
Reading Company
15%
10%
*71
17%
38%
30%
18
3
3
28
100
18
38%
*17%
28% Jan
12% Feb
No par
*30%
s:
19
16%
'12%
1,600
15%
102
7%
3,200
30%
100
Raybestos Manhattan
Rayonler Inc__,
$2 preferred
700
14%
16%
102
92
■
30 %"
19
16%
95%
10%
30%
63
*18%
95
16%
30%
125
16%
95
30%
8%
15%
19
*92%
30%
18
*62%
15%
16%
*29%
14%
30%
*7%
63%
*18%
14%
38%
*115
*15
30
14%
30%
*30
122
*62%
29%
14%
18
38%
*29%
29%
14%
v
38%
18%
*38%
29%
14%
*30
6%
6%
Apr
Jun
Sep
33
Jan
61
Nov
21%
Jan
35
Dec
23% Nov
32 %
Jan
56
May
3
Jan
35%
Jan
33
Jan
109
Jan
35 %
Mar
44 % July
60
8%
Sep
Sep
64
Sep
42
July
116% July
70
July
112% Nov
117
Aug
107
Nov
110
Dec
25
Sep
49
100%
it
Jan
31%
Dec
Jan
115% July
Jan
2% Mar
Jan
6% Mar
Jan
38%
10%
Jan
44%
28%
Jan
40
28%
Jan
38% July
46 %
Jan
60
37%
Jan
45 Va May
1%
Nov
9% May
25
Jan
31% Mar
9
68% July
7%
66
Jan
•14%
Dec
Dec
May
Sep
May
Jun
July
4%
Jan
14
14%
Dec
xl7
6%
Jan
10% May
5%
Jan
15%
48%
122
Jan
Apr
Sep
Dec
63 Va Mar
130
Sep
4%
Nov
6
Oct
3%
Jan
7%
Apr
12%
Jan
•22
May
58%
Feb
82
May
14%
Jan
26%
Jan
32% July
33
July
4%
Feb
12 Va
Jun
22 Va
Jan
27 Va
Nov
27 %
Nov
35%
Apr
22%
Feb
35 Va July
4%
Jan
8% May
LOW AND HIGH
May 2!)
$ per share
*7%
$ per
7'%
47
$ per share
share
8
8
*45%
47
7%
*451/4
Wednesday
May 81
$ per share
11
48%
11
49
48%
5%
5%
5%
35%
35%
35%
11%
49
35%
11%
49
49 Va
5%
5%
35
34%
•
5%
34%
5%
18%
18%
18%
19
18%
18%
19
18%
10%
10%
10%
10%
10%
10%
10%
22
22%
•2,700
10%
22%
22
22%
55
56
'
21%
21%
22
55
54%
54%
8
112%
112%
*45
8
*111
112%
7%
7%
114
7%
7%
;
5%
12%
12%
41%
41%
42%
42%
43%
2 %
*2%
2%
2%
2%
20%
20%
20%
20%
20%
*20
20%
15
15%
15%
15%
15
15 V4
2%
20%
*19%
15%
15
:
107%
107%
2%
>"
107%
28
28
28
28
28%
28%
28%
*28%
45%
44%
45
45
45%
46
46 %
46%
46%
9
9%
9%
9%
9%
9%
9%
9
9
9
107%
107%
18%
18%
18%
13%
*13%
3%
3%
94
*93%
10%
*10%
10%
16%
16%
16%
<
94
10%
10%
16%,
16%
94
xl0%
32%
*101%
94
10%
*10%
22
"101 %
X
;,
25%
•
X 5,100
V
400
*7Va
7%
*7%
7%
>
*97%
99%
99%
99 %
99
99
9%
9%
10
10
10
10%
10%
59%
58
58%
57%
58
9%
Jan 31
113
11
11%
10%
11
80
13% Mar
8
43% Jun
2
2
10
Corp„r__No par
>
7 %
V Twin Coach Co—
15% July
Jan
103% May
29% Mar 14
23%
Dec
34% Mai
49% Jan
25
40%
Jan
50
13
9% Mar 17
6%
Jan
25
21% Mar 16
15%
Jan
July
10% May
25% July
24
11%
1%
Jan
16%
24
14% Feb
5
3% Feb
4
4% Mar 13
4
94% May 22
Jan
Apr
4% May
90
,Jan
May
6%
Jan
9% May
12%
Jan
24% July
177/a Mar 21
25% Jun
2
25
103% Apr
Jan
4
5% Jan
5
68 % Jan
4
8% Jan
6
10% Mar 13
'51% Jan 10
59% Mar 28
11% May 18
11
May
/Nov
•4%
34% July
101
Oct
Jan
9% Jun
Jan
77% Jun
6% Jan
8% May; 5
102
Jan
99
32% May 22
3
28% Jan
100
Jan
69
Mar 25
11
3
1
17
'
—1
——
Jun
Jan
8% Jan
preferred———No par
prior pfd—
No Par
Rapid Transit/—No par
preferred—————100
Mar
26%
9%
15% Mar
X 21% Feb
$4.50
3
Jan
16
94%
Jan
85
$1.50
15
July
34% Dec
Jan
lVa
15% May 19
12% Jan
Twirr City
Jan
8 Va
107% May 29
8% Jan
Corp—T__No par
Corp.——
1
Sep
6% May
26% Feb
23% Mar 21
17% Apr
preferred—,——-No par
Oct
May
Feb
,
25
X
9%
49
./.Jan
3
Mar 18
3
18% Mar
13
95
Jan
Jan
Oct
Dec
July
'
Jan
43% Apr
X
5,400
2,600
11% May 25
8
Jan
4
33%
11
32 % Jan
53%
Jan
52
23
6% Feb
14
Jan
2%
9
47% Feb
,
Jan 11
4% Jan 19
Detroit
1
May
'
Jan
35
16
8% Mar 20
43
10
>6%
1
Feb
13% July
28% July
7%
56% May 24
19
Apr
preferred—r>— No par
Axle.—-—-10
conv
20th Cen Fox Film
>7,300
v
7
100% Jan
$6
180
•
92/
1
CO——— —X—
Truax-Traer
900
99
*97%.
7%
7%
Jun
22
July
Jan
16 Va, Nov
26% Mar 21
13
18
8%. Jan
11% Mar 18
4
9
Tubize Rayon
700
7%
9
17% Jan
4
"
22.900
.
103
103
-100
1.200
v
19% Mar 16
6
Tri-Continental Corp——
800
32%
32
32%
103
100
v
4
Transcont'l & West Air Inc
.'—5
Transue & Williams St'l—^-No par
,28,800
•;
41% July
23
19
5% Jan
Timken
•
.24%
24%
24%
32%
103
/.V
17
17
24%
24%
24%
9%
94
10%
17
17
32%
7%
99
9%
4%
Dec
Tiinken Roller Bearing——No par
Transamerlca Corp
—2
'
-4,000
13%
4%
93%
24%
7%
1,800
6% July
33 %
357/a Feb
12% Jan
$4.50
2,100
•
18%
*13%
4%
32
32%
102%
7%
18%
14%
4%
102%" 102%
24%
24%
32
18%
*13%
4
94
94
*93%
102%
18%
13%
3%
*10%
16%
18%
■
4
;;
■
Jan
8% Feb
Tide Water Associated Oil.,—
*2,700
18%
13%
3%
13%
18%
*13%
107%
53% July
3 Va
50% Feb
260
28 Va
45
Jan
6% Mar 27
14% Feb
(J R)_———25
Thompson Products ——JVo par
Thompson-Starrett Co/—No par
$3.50 cum preferred——Nf par
4.700
107%
107%
28
13% May
41%
28
32% Apr
Thompson
.
300
v
Jan
50 % Jan
5
10
8%
7
4% Feb
.—-100
Preferred/—
800
2%
11% Jan
45% Feb
$3 div conv preferred.,.,,.. *
10
Third Avenue Transit Corp -No par
2,300
2%
5%%:
5% Mar
par
..
Jun
Apr
Jan
par
Thermoid
45
Jan
3
par
!'■
8%
Jan
35
11
10% Mar 29
par
-No par
--10
—
5%
6
Mar 17
-No
preferred
$3.60 conv
$ per share
$ per share
6% FeP
49
-Na
Thatcher. Mfg Co—■„—
200
x40%
5
8% Mar
3
12
The Fair———- _No
1,500
5%
,
Jan
Trust—.
V
10
vf
Jan
4% Jan
,Col,—. "11-100
,/
•
12%
2%
40%
107%
46
46
& Oil—.
Texas Pacific Land
Texas & .Pacific Ry
2,400
12%
40%
107
10
7%
7%
12%
*40%
15%
100
8%
112%
*111
Pacific Coal
50
*12
■
4%
12%
15
*7% %
•
46
*45%
'5%
*4%
%
7%
3,100
•xv
55%
"
Gulf Sulphur—,
Texas
700
40%,
*12
*12
*19%
46
*45
8
22
-No
Producing-
Texas
1
7
42
—6
5
Corp
——_
(The)——. .X—_25
Texas Gulf
2,900
•
V
99
*54%
114
7%
"3,900
:
,
i
12%'
4%. I:
5.%
*4%
*7%
*111
7%
7%
46
*45
46
:
22
99
20%
55
8
*7%
8
*7%
*110
;
23
22%
22'
55
*20%
21%
21%
*55
Texas Co
,
1,500
•
18%
10%
':'22
'
8,300
34%
*10%
18%
Tennessee
700
X
48%
48
$ per share
5
9
50
—
partic preferred—.,
5%%
Telautograph Corp—
2,400
11%
*11
o
Talcott Inc (James)
X; 1,300
6
'
35%
x34%
8%
46%
6
$ per share
Par
Highest
Lowest
Lowest
EXCHANGE
Shares
share
*45%
6
*11
5%
5%'
5%
8%
46%
6
48%
11%
*11
10 Tb
$ per
Year 1943
Range since January 1
Highest
STOCK
NEW YORK
for
the Week
June 3
share
*45 %
6
*5%
5%
5%
5%
"5%
48%
June I
$ per
Sales
Friday
Thursday
\ *7%
46%
*45%
'
Range for Previous
STOCKS
SALE PRICES
Tuesday
May 80
Monday
Saturday
May 27
Monday, June 5, 1944
CHRONICLE
THE COMMERCIAL & FINANCIAL
2322
11% Jun
67
5
U
*58
59
58%
58%
*58
11
11
11
11 Va
11
11%
80
80 %
79%
80%
79%
80%
X79
*115
116%
*115
116%
*115
116%
*115
*113
113%
*113
113%
113
113%
*113
18%
*107%
108%
*96%
108
108 %
108%
109%
96%
96%
96%
95%
96 Va
26%
26%
26%
26%
26%
26%
27%
103%
27%
103%
26%
103%
27%
103%
26%
29%
x27%
28%
*103%
103%
*103%
103%
108%
103%
25%
25%
24%
251/4
*24
1%
1%
1%
1V4
33%
34%
34%
34%
14%
14%
14%
14%
"
100%
101
*100%
*6%
6%
48 %
27'%
1%
1%
341/4
*34
103%
*103%
v
9%
82%
82%
82%
1%
1%
1%
1%
341/4
341/4
x34
103%. 103%
104
16%
175
11%
11%
11%
47
47
.
*37%
37%
37%
7%
*6%
7Va
*9%
9%
5%
.
*42
37%
.37%
*37%
1%
1%
1%
140
,
54%
54%
*55
*70
51%
126%
126%
1261/4
23%
23%
23%
55%
70 Va
51%
46
*46
%
*3
.
2%
2%
97
*91
*15%
16
*15%
16
*15%
*3%
4
35%
*35
70y2
70%
*165%
23%
46%
3%
31/4
*89
*3%
126%
23%
*46
94
*70
52%
175-
3%
4
*34
35%
70*
70%
*165%
167
38%
38%
23%
*111%
5%
*9%
32%
*42
1%
48%
56
;5%
*9%
*32%
32%
*42 %
38%
56 Va
*71
125%
126
3%
3V4
3
3
*92
95
3
94%
94 %
16
16
16
*15%
4
'
35%
70%
167
*4
*33%
70
*165%
4 Va
34%
70%
167
19
19%
19%
19%
19%
19%
10%
10%
10%
10%
10%
10%
42
42%
43
43
13
13
13
13
45
*43%
80
*76
82
*78
80
*79
23%
4
45
——'
23%
4%
4%
vrf
59%
.114%
115
*43%
44%
43%
44
*38%
39
*38%
39
*33%
33%
'
119
*113
119
160
•*143
160
51
50
51
14
13%
14
43 Va
*43%
44%
*77
82
*77
'
/.**"*•
,*■
— -m
■
'
•
-
-*•
>4,100
85
*79
85
24
4%
60
23 %
200
4%
4%
4Vt
4%
4.200
59%
59 %
59%
59%
2,300
114%
115
46%
*23%
115
115
44%
45
45
*38%
39
33%
33%
~30
*38%
33%
24
115
45%
39
33%
23%
46%
:
33%
33%
*113
119
*113
119
*113
160
*143
160
*143
,
Feb
Dec
17
2%
Jan
9
Jan
57% Mar 13
38%
Jan
66
July
6
May 26
2% Jan
39% May
104% Feb
2
Va
———
4%
.—:ioo
_No par
non-cum: preferred—
-25
Stookyards Corp—
United Stores class A—
w*
United
—5
preferred—,——_.No par
Universal-Cyclops Steel Corp ——1
Universal Laboratories Inc —I
conv
vrmrm-fT
w mr* -
Jan
32
42
44%
July
Jun
3% May
46%
Sep
142% May 18
101
Jan
130
Dec
46
Jan
X 62
May
58
Jan
11
73
Jan
24
64% .Jan
47%
55% Mar 16
Jan
74
Npv
59% July
July
Apr
Jan
125
24% Jan 24
20 Va
Nov
29
48% Feb 23
42 Va
Jan
3% Apr 29
1%
Jan
50% Aug
3% July
112
127% May 25
,
5
Jan
4
3
Oct
Jan
13
94% Jun
2
56
Jan
88
Oct
17% Jan
6
13%
Dec
4% Jan
18
2%
Nov
Jan
4
4
4
30 Va
Nov
20% July
6% July
41% July
Apr
27
3% Jan
31
Mar 20
3
%, Jan
36% Apr 10
75 *
169
Feb
16
Feb
25
59% Jan
150
165% Nov
25% July
4
15%
Jan
9% Jan
4
11% Mar 17
8%
Jan
Jan
3
43% May 12
25%
Jan
116% Jan 28
118% Apr 25
37
21% Mar 16
12 % May 15
14
Jun
25
47
Mar
8
73
Apr
3
80
May 31
Mar
12% Feb
37% Oct
120
Oct
1
41% Jan
115
75%.July
Jan
•17% Jan
400
63% Jan
15
400
70
Feb
11
—5
21% Jan
7
23% May 29
40% Dec
•
Jan
65
Feb
67% May
20%
Nov
26% Feb
2%
Jan
4'
Feb
4
5% Mar 24
400
52
Feb
9
62% Mar 24
39
Jan
117% Mar 21
115
Dec
113% May
38% Feb
5
17
Virginian Ry Co—
.-25
38% Mar 20
preferred
..25
33
Apr 19
52
Mar
7
39% Jan
15
34% Jan
6
400
102
Jan
4
115
.100
149
Feb
14
154
100
40
Jan
3
May 17
Feb
28
44% Oct
57
51
No par
Vulcan Detinning Co—
Preferred
37% May
>
2% Apr
—5
No par
.100
pfd
Oct
14% Jan
76
Vick Chemical Co.,
Vk-Carolina Chemical —"
6% div partic preferred
Apr
8% July
9% Jun
Jan
29% Jan
6
13
—,1QQ
preferred
Mar
Jan
68
Victor Chemical Works
*
39% Mar 18
25%
162
No par
2.50
Van Raalte Co Inc—— r--6
400
\1% 1st preferred——
Vertientes-Camaguey Sugar Co. .6%
46
29 Va
Mar 13
34
1
par
Van Norman Co———
8% Nov
48% Jun
28
7% Apr
19%
Z14
4% Nov
9% May 18
Oct
44% Nov
Jan
6% Mar 23
Oct
x42% July
Jan
7
2% Jan
lOVe
Jan
108
Feb
par
Vanadium Corp of Am—
.
13%
May 20
40
No
preferred
4
7% May 27
112% May 31
Julj
181% Apr
Jan
Jan
44% Apr 26
19
75%
Jan
II
jcll9% Jan 27
22
May 18
13% May
99% Dec
Dec
30
Dec
5% Apr
39% Jun
May 20
Sep
Dec
100
; Jan
5%
1
Jun
Apr
2%
Jan
/
Sep
Dec
29% Dec
Jan
9 Va
Jun
76%
84% Jan
20
.No
■
Universal Leaf .Top—
1
2% Jan
,
par
35
3Va. Jan
2
7
9 Va
Dec
.
Jun
15Va Sep
96
Jan
Feb
69
May 25
50% Apr 19
—50
_No
—
19
/
Jun
2V. May
35%
Jun
99
21
39% Mar 13
.
X
Nov
16%
3
3
10% Mar 18
24
69%
X26
60 % Mar
5% Mar 16
180
114
Jan
23%
6
Jan
Va
130
Jan
52% Feb
—50
Smelting Ref & Min—
non-cum
107/a Apr
29
83
5
1
100
8% non-cum 1st preferred
*
7% Jan
3
10
5% Apr 24
25
10
Va Iron Coal & Coke 5%
160
Jan
.
16% Jan
110
100
S,.Rubber CO—
Va El & Pow $6 pref,
900
7%
94%
34% Apr 24
5
Jan 19
3
6%
1
48
18
110
119
*143
Jan
30% Apr
730
39
*38%
15% Jun
101% May 31
12% Jun
35 % Anr
5%
Jan
4
40% Jan
8%
17%
7
r
VJCks Shreve & Pac Ry
300
82
*79
115
'
■
:1.000
43 Va
80
59
33%
*143
43
120
82
4%
i
■
*113
*41%
*117%
45
*23%
59%
33%
600
80
——
•
•-Tw*'
4%
23%
1,800
10%
10%
*77
^
..
-58%
114% 114%
56%
13 Va
10
10
—20
Foundry..
,—10
Playing Card .Co^
Plywood Corp———1
Preferred
*
19%
*19
*43.
80
*23
'
45
*75
*117% 120
13
12%
_
42%
120
167
42
par
*
180
70%
*165%
:
25
2^
U S
$6
600
34%
70%
'
200
4
Mar
Jan
8 % Jan
•
200
36% Jan
59
..No var
———
27,400
•.
Jan
168
5
U S Tobacco Co—,
-.1,900
ii
2
preferred—/—
1,300
.•
1% Feb 26
Mar 13
Leather Co———.No
7%
Jan
76 Va Jun
conv
2.400
X
18%
17
.
22% May
Jan 21
21% Feb
70
Jun
26
104% Mar
170
May
33% July
Jan
3
_20
40
114%
Jan
4
100
U S Steel Corp^
Preferred
.•
Jan
Oct
28% Mar
55%
10
8"% Jan
U S
16
,
Mar 25
7% Feb
preferred
Preferred
3
*33
10%
42 %
x
v'
4
19%
42%
*117%
>
1,300
18,400
16%
3%
19%
120
200
Jan
14% Jan
fU S Realty. & Impt—i— No par
10,600
Jan
17%
97% Jan
III—10
U
Nov
93 Va
par
Co—
partic & conv cl A—
U S
46
3
3%
>
X24 %
'97
Jan
109 %
9
U S Pipe &
900
Jan
24%
.No par
•
x
3
79%
9
5
19
Feb
4.
25
Oct
18
9
28% Jan
X
"
23%
*45%
*10%
*117%
125%
125
X23%
46'%
-10
22% July
102% July
14
6
98% Jan
.100
.No
—
Preferred
72%
23%
III
114%
Jan
Jan
Jan
5
xl% Mar
U S Lines Co_.
800
52%
52%
*
preferred————.
Faperbokrd—;—
Prior
2,200
'
56
56
71%
53
23%
137%
*136%
par-
US
100
•
48%
48
48%
137
1%
1%
1%
>
V
38%
*38
No
Jan
15%
80%
Jan
19
Jan
8
Feb
Apr
3
Feb
22
26% May 5
75 % Jan 12
—5.
——50
preferred
U S Industrial Chemicals—. .No par
200
43%
/
—5
Cos-
Improvement—,
Gas
5% %
4,400
-
9%
9%
Coal
Feb
6
45% Apr
-.100
,
1st preferred-
1%
20
5%
32%
—1
—
U S Hoffman Mach Corp.,
6,600 X
;
112%
•: >■ 5%
Dyewood Corp
1,300
6%
22%
112%
4
par'.
105%
X118
68
18
—No
3,400
38 X
37%
12% Apr
95 % Jan
.
Co—
preferred
Jan
113% Jan
19
U S Freight Co—
10
22%
31% Apr
U S Gypsum
50
47%
43%
52%
*46
V
.No par
5
113
Apr
113
3
U S & Foreign Secur—„— .No par
$6
6,500
6%
112%
165%
*117% 120
'."'
■-X
;
900
12%
*47
6%
22%
5%
1,500
175 :\X
11%
47%
*47
165%
41%
*174%
11%
11%
95
3%
,
X
16%
1% Jan
United Merch & Mfrs Inc—
United
5,100
'. 130
X
par
No
——_
86% May
27% Mar 16
3
Electric
130
76 Va
*70%
71
126
23%
46%
*89
*35%
16%
76
137
56%
51%
127
2%
2%
2%
48%
138
■
*70
51%
*46
3
3
16% X x:
38
1%
138
55%
70Va
51%
38
48%
48%
138%
*69 %
43%
1%
1%
47%
9%
32%
43%
38
38
*1371/2
47%
47%
*137
9%
43%
:
5%
5%
32%
33
x32%
43%
,
9%
*9%
34
33%
112%
•'
9%
9%
*103% 104
Jan
Engineering & Fdy_.,
500.;
■
22
Drug
United
1,000
V-
/x:
75
'
5%
*42%
•
5
Cprp—. .No par
11%
Dec
30% Mar 13
Jan 11
5
United Fruit Co—
2,900
34
*4%
'
,
May
United
33,900
103%
103%
;
•:
10
104
6%
7
23%
112%
112%
*111%
5%
5%.
6%
23%
23%.
23%
38%
37%
37%
7%
47%
*46
/,/>
"74%
175
11%
11%
,1%
*16%
175
*173 Va
5
X
82%
,1%
34
,34
104 /X
9%
104
74%
74
175
*173%
V
10.
.103%
5
104 ,-/• 104
17
16%
104
*173%
34
;'./
5%
9%
9%
9%
34%
104
x-.:
61
July
Jan
106
4
Mar 23
110
United
700
19
20% May
par
59
Jan
28
18
102 Va Jan
,100
..
preferred——
Preferred
1,900
)
28
82%
82%
1%
103%
9%
".V 27%
22% Apr
;
8
98
19
100% Feb 24
-_10
Inc
corporation
.$3 preferred
United
300
410
26 Va Apr
5
.100
preferred——
42
x76%
19% Mar 17
109 % May
1
92% Feb
26% May 17
—100
No par
.100
$4.75
400
•
100
3
113% May 26
3
93% Jan
Carbon Co—— No par
United
"
1
9%
27%
*5
:■/'
7
•:
23,000
55
9%
73%
112%:
*6%
54 Va
5
18% Feb
./
United
■10,200
x
109% Feb
preferred-
United-Carr Fast
200
'{
-No par
—25
series
Biscuit Co—.—— No
conv
United
200
113
No par
preferred
4%%
United
10,600
■
102
7
82%
.
V
15%
55%
14
conv
5%
:
*101
101%
6%
52%
*27%
16%
24
101%
9%
731/4
*111%
6%
54
27%
16%
23%
101%
*6%
5%
800
34%
.
116% Apr
non-cum
300
;v
1%
15%
.
1
19
United Air Lines
6.400
24
34%
fX
9%
73%
47%
..15%,
27%
73%
11%
34%
15 V4
9%
*16%
*45%
34V4
15 Va
Feb
pfd
United Aircraft Corp
300
64
1 Va
34%
14%
101%
*52
5,5
104
1%
1 Va
4%
7,300
20%
*23%
xl%
9%
9%
*103
1%
23%
23%
6
Union Tank Car.
114
64
65
82 V2 Jan
Union Pacific RR Co_—
1,000
113
20%
*112
27%
9%
5
5
*
50
*27
82
83
82%
24%
,
9%
*9%
*27
'f
6%
49%
*112%
113
114 X
*64Va
*23%
34
>
101
*6%
48%
•
65
lVa
v
241/4
X241/4
24%
'
*112
25
Preferred $4.50
1.300
•
;X
25
20% •: 20%
114
.
*64
; 64
64
64
*63%
114
*112
114
*112
*112%
20%
*20%
*112
24%
7
76% Feb
Union Oil of California—
2,800
108%
X108
25%
24%
113
113 "
20%
20%
20%
25 y*
25
113
113
113
2,400
96%
28%
20%
70
18%
108%,
97
*26%;
113
113%
18%
1081/4
!
29 %
oq
*113
18%
26%
*26%
113%
18%
96%
97
116%
18%
9% Feb
Carbide & Carb——No par
Union
116%
18%
No par
Union Bag & Paper——
Union El Co of Mo $5
*115
18%
18%
18%
79%
80
Under Elliott Fisher Co—No par
X 6%
July
68% July
*123
Aug
Oct
20%
Jan
45
27
Jan
40
29% Jan
Aug
Oct
35% Sep
80
Jan
110
Aug
113
Jan
150
Nov
W
*50
*
*11%
11%
29 V8
29%
*105% 109
*11%
*29%
*105%
29%
109
*11%
51
11%
29%
29%
*105% 109
51
51%
51%
51%
11%
11%
29%
29%
"105% 109
51%
51%
preferred.——No par
17% Jan
Walworth Co——No par
7% Jan
*18%
18%
*18%
8%
8%
8%
8%
2323.
Div redeem
G & W
No par
40Va
Jan
11% May
Jan
28% July
30
4.400
18%
8%
(Hiram)
Jan
7%
20%
12% Mar
26 Va Apr
18%
8%
*18%
8%
1
24%
8
May 25
59 V2 Mar 13
10% Jan 19
Walker
18%
page
preferred
System——No par
Walgreen Co—„—
—No par
4%% preferred
—
100
700
8%
see
Waldorf
1,100
*18%
footnotes
300
29%
*29
8%
8%
Wabash RR 4%%
*105% .109
51%
51%
18%
*18%
800
12
12
51%
52
51
*50%
50 Va
*51
For
11%
51
1
105% Mar 27
48
Feb
106% Apr 13
103
Feb
109
Dec
Jun
Mar 31
38%
Jan
54% Oct
12
18% May 26
15%
Jan
18% May
3
9% Mar 17
4%
Jan
4
53
9%
Jun
Volume 159
Number
THE COMMERCIAL
4287
& FINANCIAL CHRONICLE
LOW AND HIGH SALE PRICES
Saturday
Monday
$ per share
*9%
Tuesday
May 39
May 27
May 30
$ per share
*9%
10'/2
$
10%
*1%
STOCKS
Wednesday
May 31
$ per share
Thursday
June 2
$ per share
10%
*9%
Sales for
Friday
June 1
per share
*9%
•">.!' $ per share
9%
10
"
1%
1%
1%
*1%
1%
100
59 '/a
59
59
*59%
60
59
59%
58%
58%
500
12%
12%
13%
12%
13
12%
13%
13
13-
26
27%
28%
27%
27%
27
27%
23%
23%
23%
23%
*23
17
xl6%
16%
16%
23%
17%
100
500
27
*26%
27%
27%
27%
300
25
*24%
25
*22%
23%
*16%
17%
26%
26%
*26%
8%
8%
8%
22%
22%
*80%
*22%
17
24%
22%
92%
*91
*116%
*106%
30
*106%
21%
4%
21%
106%
30%
4%
21%
4%
21%
4%
90
21%
4%
4%
12%
12%
12%
12%
12%
12Va
*11%
12%
'
45%
46%
46%
46%
46%
47%
47
47%
46%
46%-
f
26
26%
26
26%
26%
27%
26%
27%
*26%
26%
4,800
24
24
24
24%
24
24%
24
24%
24
5.9Q0
*12
100%
99%
100 %
100
100%
100%
'133%
135%
133
133%
134%
134%
33%
*32
33
27%
*27 %
28%
24
101
*133% 135%
100
*32
*27%
*32
33%
28
27%
107%
107%
107%
108
102%
102%
102%
102%
*63
65
102%
*63
65
102
*102
100
22%
200
27%
27%
300
107%
108
108
108
101%
102%
102%
65
65
102%
*64
*74%
75%
75
75
*18%
19%
*18%
25%
25%
25%
9%
10%
10
27
75Va
75%
20
26%
*19%
9%
9%
9%
6%
6%
6%
6%
*74
*26%
27%
8%
8%
9%
9%
8%
8%
8%
8%
8%'
8%
8%
8%
14%
14%
14%
"
14%
15%
15%.
9%
9%
9%
9%
9%
9%
86%
86%
86%
86%
87%
87%
88%
12
12
12
12%
12%
12
20%
38%
38%
27
27
27'%
106
>101%
*101%
*90
29%
100
63%
*62%
63%
*65
67
*65
79%
*77
66%
66
31%
64
63%
31%
67
■
..
64
66
10%
17%
35'A
35%
101%
101%
101%
101%
*15%
15%
15%
37%
37%
5%
5%
37
5%
•Bid
and asked
207/a
700
,38%
387/a
;6.8QO
28'A
28%
9,900
*101%
—
*90
—
65
X63%
63%
•
64%
i
500
*77
79%
66
*66
66%
31%
31%
;
700 ?
1
.
10%
32
32
10%
10%.10%\
10%
8,100
17
2,600
6,300
16%
17%
36%
37
101% 101%
101%
101%
15%
15%
15%
38
38%
37%
38%
5%
5%
5%
xl5%
15%
37%
37%
38%
5%
5%
5%
5%
tin receivership,
a
*16%
35%
101%
Deferred delivery,
102
15%
n
300
-'
2,600
preferred A
;
Stocks,
Week Ended June 2,1944
Foreign
Shares
Bonds
Bonds
415,300
Monday
Tuesday
Wednesday
Thursday
812,260
1,182,810
12,625,000
Bonds
$3,400
81
Jan
100
120
Jan
136
Jun
31
Jan
40
July
16
22%
Nov
29
26
106%
Jan
67% Mar 22
52
Mar
60
Apr
85
Jan
99
Oct
18
Jan
24% July
28
76% Jun
2
58%
Jan
20% Apr
26% Jun
19
Feb
7
Feb
7
Jan
11
78
4% Jan
14
Feb
9% Apr
'
12
39,000
14,268,000
352,000
61,000
10,529,000
748,000
2,000
$50,670,300
$2,085,000
$107,400
Government
Railroad
St
industrial
Total
Oct
6% July
Jan
9Va
2
8
Jan
Mar 10
14% July
4% Jan
16
57 Va
Jun
9%
Sep
Jan
86 Va
Oct
9
Jan
11%
Apr
115
Jan
121
Dec
100
27
22% Jan
25
17%
Jan
24% July
3
20% Jan
4
101% May 26
94
Jan 12
39% Jan
22
30%
Jan
42 Va July
29% Jun
1
16%
Jan
27
104
Dec
149
Sep
Apr
28
100%
Oct
134
Sep
47% Jan
5
65
Jun
1
44%
Jan
Jan
5
66% Jun
1
46
Jan
May 19
87% Mar 14
78 V*
Dec
*58
Apr 26
70
58 Va
Jan
■
23
27% Mar
1
Jan
12
-
54
Jun
57 Va
Jun
108
Apr
70%
Sep
:
.
32% May 25
11% Jan 31
17% Mar 8
6
9% Apr 25
14% Jan
3
33% Apr 19
21% Jan
7%
38% Mar 16
96
Jan
6
13
Jan
3
16% Mar 16
33% Jan
3
19
102
Jun
5% Apr
x-Ex-divldends.
2
Jan
30
Jan
'.82
9Va
Jan
Jan
39% Mar 16
3% Jan
wdWhen distributed.
Oct
Jan
96
78
—No par
25%
105
49
"
Shares)
104,070
19%
2
17
Jan
Jan
31% Sep
17% July
41% July
Nov
16% Jun
98
37% July
4% May
y Ex-rights.
Exchange
Bonds (Par
Monday
Foreign
Domestic
$361,000
182,208
470,000
263,755
——
873,000
Tuesday
Government
$27,000
.
Thursday
1944
95,642,494
$5,000
13,000
Total
$393,000
7,000
483,000
10,000
890,000
Total
13,000
1,000
783,000
1,076,000
26,000
2,000
1,104,000
989,098
—
769,000
191,285
$3,549,000
$86,000
$18,000
$3,653,000
1944
1943
5,819,495
Corporate
247,780
—
Friday
Jan. 1 to June 2
1943
Value)
Foreign
HOLIDAY
Wednesday
153,072,098
Stocks—No.
of
shares
,
1943
Jan. 1 to June 2
1944
1943
989,098
1,792,385
$3,549,000
$3,354,000
86,000
201,000
3,755,000
7,308,000
18,000
24,000
482,000
534,000
$3,653,000
$3,579,000
24,653,775
38,419,367
Bonds
$107,400
$81,000
$3,195,200
$1,352,200
Domestic
2,085,000
•—
Apr
Jan
100
-
Bonds
8.
Foreign
27
2%
Week Ended June 2
U.
Oct
86
Jan
12% May 31
Young Spring & Wire
.—No par
Youngstown Sheet & Tube__No par
5%% preferred series A
100
Youngstown Steel Door
No par
Saturday
$52,862,700
4,422,690
7%
Jan
2%
of
11,279,000
Week Ended June 2
shares
Jan
X20%
2
88% Feb
Week Ended June 2,1944
13,124,000
14,681,000
4,422,690
Stocks—No. of
2%
40
Jun
Stocks
9,377,400
460,000
1944
22% Aug
10% July
Jan
5
5
•
Special sales.
20
Jan
Jun
10
4
a
Jan
13'A
3%
16% Jun
3
'12% Jan
May 10
May 31
27
27
71% July
.
15
1
Mar 23
7% May 10
26
Jan
8
% May
112% Jun
May 18
23% Jun
1
103
x64% Jan 24
'
July
102% May 27
(Number
$4,401,300
2,000
819,300
Total.
1
1
Mar 16
7% Jan 24
Zonite Products Corp—
Sales
1,193,020
—
Jun
20
100
Zenith Radio Corp
HOLIDAY
—
Friday
24% May
10% Jan
Bond
327,000
—
J
Jan
80% Jan
Total
Government
$198,000
$4,199,90Q
9,048,400
Dec
15%
Transactions at the New York Curb
United States
Saturday
24%
Daily, Weekly and Yearly
Railroad
and Miscel.
Oct
Nov
10
-
Daily, Weekly and Yearly
Number of
Apr
22
3
Yale & Towne Mfg. Co
York Corp
Transactions at the New York Stock Exchange
Apr
49%
101
18
Prior pfd 4% % series100
Prlorpfd4%% Conv series—100
Wright Aeronautical
No par
Wrigley (Wm) Jr (Del)
No par
s
6 Va
11%
Oct
Jan
preferred B
rCash sale,
Jan
134% Jun
66% Jan
6
Dec
Jan
108% Feb
*
Sep
31%
5%
Feb
_1
Oct
110
7
7
.-5
Jan
2%
29
5
16%
Jan
19
37%
13
24
Jan
103
5
Oct
Jun
Mar 22
35
1
11%
4
Oct
87%
119
8
Feb
3
_20
Jan
Jan
24% Mar 13
19
par
57
109
29% Mar 22
105% Jan 12
101% May 26
'
Aug
99
5% Mar 22
4
20
Dec
85
Jan
50% Mar 22
14
,•
Jan
par
20%
Jan
67%
2
Apr
32% Jan
25% Jan
par
Jan
50%
21% Jun
7
127% Mar
32
8%
2
13
10
Apr 24
x91
Jan
107
7% Jan
3
'41
Feb 10
'22% Jan 20
21
May
96% Mar 23
1
19% Apr
8,700
New Stock.
79% Nov
117% Jan
25
20% Feb
,_1
26% July
5
25% May 31
4
Feb
8
Jan
Jan
1
16% Jan
Jan
17%
3
26% Apr
3% Jan
2%
July
Va July
69
Apr
90
97% Jan
pfd
2,800
i
8% Mar 22
Apr
24% Mar 17
36% Jan
v
600
26
101
—10
.
36V8
17%
36%
?
.
=
.
Jan
10
6%
1,900
x64%
17%
3
59% Feb
.10
,
7%
79%
Dec
May 18
7%
83
9
100
100
Woodward Iron Co
—„
Sep
20%
16
Woolworth (F W) Co
—10
Worthington P & M (Del)—No par
!•
667/a
35%
.
prices; no sales on this day.
;
100
xl7Va
T.
16
:
*20%
23'/a
Jan
No par
—No par
Wisconsin El Pow 6%
__
29%
100
*77
31%
10%
17%" 17%
35%
*123
1,200
..
Jan
12 Va
Jan
No par
preferred
conv
Wilson & Co Inc
*
$6 preferred
Wilson-Jones Co
1,200
■
65 %
66
10%
10%
10%
1
17%
35%
12%
64%
79%
31
88%
12
66%
*77
.
*31
88%
6%
26,200
15%
4
85% Jan
No par
.
July
15% July
32%
113% Apr
No par
No
Jan
96% Feb
103
56
Dec
28
6
18% Feb
83
May
2% Mar
Jan
22
3
Jan
26
19% Jan
26
No Par
Prior
26,600
9%
20%
*90
*65%
79%
16%
9%
'39%
28%
*101%
100
65%
66
32%
*90
2,500
i
6% Jan
77
Jan
3
13
28% May 31
23% Jan
7
25
22% Jan
Apr
Highest
$ per share
Jan
5/a
Mar 13
par
7
4%
May 18
14
par
50
preferred
conv
2
62
Jan
par
12.50
preferred
,
Wilcox Oil & Gas Co,
Willys-Overland Motors—
:
121,700
15%
'
__
39
i
8%
10
12%
20%
39%
27%
*77
66 %
20%
39
*101%
*90
98
*20%
27%
15%
$4
10
200
88%
*123
39%
h
'
9%
*123
20%
20%
,39
2,100
76
27%
8%
*20%
6%
76
*26
8%
'
6%
*74
8%
*122%
100
6,900
,
11% Mar 31
15% Apr 25
23
Jan
6
1
100
$ per share
9
No par
$5 conv prior pref_'
No
White Dental Mfg (The S S)
White Motor Co
White Rock Min Springs
No
White Sewing Mach Corp
14.0Q0
9%
77
8%
*122%
20
26%
26
27
8%
*11%
450
26%
26%
-
76 Va
*19%
10
8%
15
75%
27
22% Apr
-
Wheeling Steel Corp
$ per share
27
1
Wheeling & Lake Erie Ry
5%% conv preferred
30
'/
3,100.
19%
*74
27
102
23%
26%
9%
50
23
■
19%
75
*25%
76 ;
•
23%
25%
V
6%
75
75
*25%
19%
25%
*10%
6%
6%
*6%
*74
75%
23
230
65
*101%
102%
23%
110
,
V
par
5
—-
1st partic preferred
Weston Elec Instrument
Westvaco Chlorine Prod
$4.50 preferred
$4.25 preferred
40
32 %
101%
102%
8,000
;
136
32%
102 %
22%
200
28%
*27%
65
22%
*22%
100%
*133
'
22%
1,000
8,000
33
108
65
102
102
*101%
*107%
33
4%
par
preferred
Lowest
11% Apr 24
22 % Apr 19
5
No
No
Jan
1% Feb
Western Auto Supply Co
10
Western Maryland Ry
—100
4% non-cum 2nd preferred—100
Western Union Teleg class A_No par
Class B____
J—No par
Westinghouse Air Brake
No par
Westinghouse El & Mig
-50
5,000
*11%
45
Penn Electric class A—No par
preferred
100
preferred
100
Penn Power 4%% pfd—-100
6%
50
30%
No par
50
West Va Pulp & Pap Co
3.000
107
30'A
1
290
•
8
Wayne Pump Co
Webster Eisenlohr—__—,—No
Wesson Oil & Snowdrift.,
No
$4 conv preferred
No
West
7%
6%
West
90
130
92%
.
$ per share
No par
West Indies Sugar Corp
14,300
f
116%
107
30%
•
88
116
107
30%
25
92%
116%
900
,
Par
«
Waukesha Motor Co
9.100
*
103
88
92%
92%
8%
*101%
103
2,000
82
24%
88 %
116
107
29%
25%
'
33,300
-
23
23
*80%
82
88
91%
8%
23%
-
101%
116
21%
*
29%
4%
88%
101
91%
21%
29
4%
*4%
x24%
116
107
*106%
107
29%
25%
25%
27%
8%
*80%
100%
92
27%
8%
*23
82
*86%
116
21%
21%
*21
*
92
8%
*17
"17
23
88 %
115%
116%
*23
23
101
101
,
*1%
*80
25%
*86%
101
1%
8%
22%
82
25
25
87%
*86%
*100
8%
*80%
82
*1%
Year 1943
Lowest
Ward Baking Co cl A
Class B
$7 preferred
Warner Bros Pictures
Warren Fdy & Pipe
Washington Gas Lt Co
500
12%
Range since January 1
Highest
EXCHANGE
Shares
9%
Range for Previous
NEW YORK STOCK
the Week
59%
1%
2323
1,497,000
46,891,500
59,252,200
Foreign government
50,670,300
41,489,900
1,333,207,100
1,745,767,400
$52,862,700
1
—
Foreign corporate
$43,049,900 $1,383,293,800 $1,806,371,800
Total—,
Stock and Dond Averages
Below
are
the daily closing averages
of representative .stocks and bonds
Stocks
—Bonds—
10
30
20
IB
10
First
Second
10
63
Indus¬
Grade
Grade
Indus-
Rail*
trials
roads
ties
Stocks
40.00
23.00
50.58
Utili¬
10
Total
Total
Utill-'
40
Ralls
Rails
ties
Bonds
107.04
109.19
83.19
111.01
*
Date—
May 27
—
May 29
_
141.24
141.53
23.06
50.71
106.99
109.21
23.20
51,02
107.04
109.21
142.14
40.35
23.15
50.93
106.89
109.34
142.07
40.19
23.12
50.86
106.97
109.26
HOLIDAY
May 31
1
June
2
__
—
_
—
'
40.53
May 30
June
40.14
trials
142.24
83.31
102.61
110.91
102.61
110.92
102.68
83.49
110.91
102.66
83.51
110.86
102.65
HOLIDAY
83.55
$81,090,000 $103,774,000
$85,327,000 $111,616,000
THE COMMERCIAL &
2324
ond Record
week, and when outside
the
the month when the'bonds mature.
FOR
RANGE
U.
4947
Treasury 414 s
4s
Treasury
-19S2
A-0
-1954
Treasury
Treasury
214s
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
.Treasury
Treasury
Treasury
Treasury
.—1956-
Treasury 2s
M-S
2s~—■—
Treasury
2s—
Treasury 2s
Treasury
—
2s
lreuBiuy
Treasury
2s
—
~—
l34s
Treasury
J-D
W
—/•
.
'
J-D
M-S
'
M-S
1
J-D
4.-
3-D
J-D
2
100
14
100
100
100
5
100
100.9
106.9
J-J
m-S
J-D
:
*104.7
„
M-S
104.9
'v'
'
J-J
loTSl
104.8
4
101.17 101.17
101.8
101.9
100.30 100.30
M-S
27
100.5
—
J-D
100.16
100.16
York
New
J-D
108%
18%
16
16%
18
16%
16%
*15
15%
15%
17%
J-D
*14
177/a
16
20%
1961
A-0
57%
67
1961
J-J
A-O
A-O
1946
1952
7s
40%
M-N
1951
5s of 1914
1949
debt
5
40%
/
34
103%
105%
*105%
104%
105%
100%
107%
-107
'148%
A-O
A-O
*62
J-J
1955"
F-A
sink
series
1926
1st
fund
1940
5%s
110
104%
112%
139%
149
*63
1942
69
106%
106
106%
1952
5Vis
A-O
28
*105% 108
V
J-D
gold
65%
21
7
28
40
68
57%
28
__
1945
5 Vis
40%
59%
:
~7
66
*62%
J-J
wks
48%
37%
36
65%
M-N
M-S
39%
34
31
*39
66
64%
57%
•i.
48%
48
*39
F- A
J-D
4
67
*66
48
M-N
1947
1953
(Rep of)
67
67
J-D
59%
65%
59%
75
*72'/a
1
75
80%
71%
%
65%
69
v
75%
78%
67%
75
86%
70
70
70
90
M-S
A-O
..1940
A-O
*88%
1961
M-S
93%
93%
1
85
93%
1969
A-O
89
91V2
55
84
92%
A-O
7s
1969
1967
J-J
*30
extl 8s
1943
M-S
*88%.
1949
1949
J-D
series—
51/2 8 2d series
7s
(Republic of)
(Republic)
unstamped
30
35
34%
99%
90
103%
101%
*103%
*—
100
103%
102
Government—
part
part
—1964
paid—
paid
(Republic) a f 6s series A
Helsingfors (Ctty) extl 6%s
Irish Free State extl
A Jugoslavia
AMedellln
Mendoza
1952
1960
f 5s
s
16%
20%
17%
16
19%
87%
75%
87%
62Va
95 Vi
99%
17
12%
24%
16%
24%
*96
98%
89%
98%
11%
11%
*__
J-D
1954
62%
98%
10%
10%
10%
*58
A-O
1954
4s readjusted
(Prov)
A-O
M-N
1»*57
7s
6%s__.
(Colombia)
A-O
,_j.960
(State Mtge Bk)
21
17
87%
*19%
,1988
.
Haiti
110%
18%
17%
M-S
external
A7s
115
16
18
--
M-S
F-A
AEstonia
iott 10Y.il
110% 110%
110%
J-D
1980
16 Va
.—1949
A 6s
Corporate Stock
3%
*16%
1970
French Republic 7s stamped—
City
Transit Unification Issue—
*16
4 Vis
§A2d
*100.31101.1
—
18
1953
Greek
—1945 -1947
M
series
l%s
17%
loan
Finland
105.9
101.11
18
1977
V
Owners' Loan Corp—
Home
Rica
5%s
100.17
5
*105.7
*101.9
J-D
18
1947
$ bonds
Customs Admin ,5%s 2d series
#
100.31
100.16 100.16
"
'
100.21
100.13 100.13
__
J-D
10
A-O
M-N
„
101.19
101.6
M-S
Jan
___.
f
s
§Alst series 5%s of
*101.10 101.12
__
18%
A-O
External gold 4Vis
—1962
lADominican Rep Cust Ad 5%s
1942
.
M-S
_Oct
-ASinking fund 8s series B
*101.19 101.21
__
—V
J-D
18V4
16
i960
;
(Republic of)
External
101.31
104.8
*104.23 104.25
18%
17
16%
—
i960
5s
f ADenmark 20-year extl 6s
*101.24 101.26
__
M-S
100.11
100.2
18%
16%
A Public
"
102.2
*102
J-D
1927
4%s
,
11
19
19
16
16%
*16
M-N
ACzechoslovakia (Rep of) 8s ser A-1951
100.7
High
16%
17
*16%
16%
Sinking fund 5Vis
107.9
100.7
__
of
external
External
106.9
*107.7
J-D
Low
24
1951
P
1928
A Costa
*101.31 102.1
„
of
Cuba
100.18
*106.23 106.25
—
7s
25-year gold 4 Vis
100.7
*100.14 100.16
' : '
m-S
J-D
January 1
*16%
1962
Mtge Bank 6%S—
A Sinking fund 7s of 1926
ASinking fund 7s of 1927
Copenhagen (City) 5s
100.6
Range Since
Sold
No.
17%
16%
17%
1962
—
assented
A 6s
100.5
8
Bonds
(Republic of)—
100.5
100.2
100
100.1
__
100
M-S
;
100.1
100
100
__
,
7s
3s
100.17
100
'
J-D
J-D
19481950
19481951
19491951
1949
1951
1949
1952
1950
1952
1950
1953
1951
1951 1955
1953 1958
Z.
June 15 1948
100.11
.1961
—
A Colombia
103.22
1
assented
A 6s
ioif.3i 104""":
103.21
assented——
Colombia
106.18
100.11 100.11
1961
(Hukuang Ry)
106.24
106.16
100.11
J-D
1947
106.24
*103.19 103.31
J-D
,
103.4
J-D
High
18%
J-D
1961
6%s
AChinese
103.9
*103.28 103.30
„
A
Low
J-D
1961
fund
A Chilean Cons Munlc
112.6
*107.15 107.17
__
M-S
M-3
1959
111.7
103.9
*106.28 106.30
__
M-S
111.10
*106.16 106.18
—
3-D
1957
Sinking
A 6s
111.11
111.10
Week's Range
or Friday's
J-D
A 6s
109.12
111.9
*103.2
__
M-S
1957
Mortgage Bank 6%s
AGuaranteed sink fund 6s_.
s
106.24
*111.20 111.22
__
M-N
AGuaranteed sink fund 6s
103.11
109.3
15
1963
A6%s assented
111.11
.
M-N
>
A
Last
Sale Price Bid & Asked
.
1963
112.5
106.24
(Continued)—
A6%s assented
100.19
102.28
(Rep)
A Chile
105.18
111.5
*111.14 111.16
111.10 111.10
—
106.9
111.20
109.11-
*109.9
J-D
,
Friday
Interest
Exchange
^External suiKing iund 6s
:
A 6s assented-.
102.29
100.19
el06.20el06.20
—
,
102
105.4'
*106.26 106.28
Chile
111.23
105.23
111.7
112.9
*112.7
—
__
M-S
111.4
"t
Stock
Feriod
High
Low
Mo.
111.5
102
102
-•
*105.17 105.19
*105.4 105.6
*110.15 110.17
*104.28 104.30
*111.5
M-S
M-S
1950
Mar
Dec
—Jun
Treasury 2s————~•—-Sep
Treasury 2s__——
Dec
Treasury 2s
March
Treasury 2s
Sept
—:
Treasury
—
3-D
—
Treasury 2s
.
January 1
Sold
*111.3
—
J-D
—-1944
-1956
1946
-1949
1946
-1952
—1949
-1948
1946'
■1955
1951•1960
___1955■1947
1945■1951
1948■1954
-.-1951 ■
■1959
1956■1963
19581965
1960-
—
3%s
—
3%s
3%s
3s
:
3s
2%s
2%s
2%s
:
2%s—
2%s
2%s
2%s
—
.1945
214s
—
1948
214s
1953
214s
—19491952
214s
19501954
214s.
1958
214s,
—19561967
214s
19821968
214s —
19631969
214s
June 19641969
214s
-Dec. 19641970
214s ——
-—1965
214s
1967 1972
214s
1951- 1953
214s
—1952- 1955
214s
—1954- 1956
Treasury
Treasury
2
New York
Range Since
Bonds
i
High
Low
Government
S.
ENDING JUNE
BONDS
Week's Range
or Friday's
Sale Price Bid & Asked
Last
Interest
Exchange
Feriod
-
WEEK
Friday
BONDS
New York Stock
yearly
-
in the week in which they occur. No account is taken of such sales in computing the range for the year.
"" /
•
of the regular weekly range are shown in a footnote
headed "Interest Period" indicate in each case
the column
The italic letters in
weekly
-
Cash and deferred delivery sales are disregarded in the week's range, unless they are the only transaction* of
and defaulted bonds.
Interest"—except for income
"and
are
Monday, June 5, 1944
Mew York Stock E&eltaitge y';/,
((»
friday
NOTICE—Prices
FINANCIAL CHRONICLE
J-D
-
98%
*15
23%
__
17
Mexican
Irrigation—
A4%s stamped assented—
AAsserited
,
AMexlco
n
Securities
,
to
AAssenting
to
A Assented
5,
1945
1942,
Nov.
5,
1942,
AAssenting 4s of 1910
AAssented
to
Wertheim & Co.
120
2-2300
REctor
AAssented
Members New York Stock Exchangs
Telephone
Mlnas
T eletype
NY
Broadway,' New York
Geraei»
Govt.
Foreign
&
Municipal
'
■
F-A
1943
Y
YY
J-J
AGtd
sink
fund 6s
(King of Norway)
Akershus
(Dept)
AAntioquia
AExternal
s
4s
coll 7s A
A-0
J-J
•
'
V
•
-
tr'.
v
58
'
'•
s
External
s
f 7s
AExternal
8
a6s
F-A
*94%
95%
93%
1958
A-0
*94%
96
93
97%
100
100%
98%
.-
5s
6s
—1944
—
s
4%s
1965
A-O
97%
97%
96
1963
F-A
96%
96%
94
96%
88
88
83
85
23
3
17
23%
23%
13
17
23%
Oslo
20%
3
APanama
sink
fund extl
1970
J-D
1955
A-O
*81
extl s f 5s ser A-1963
M-N
16%
20%
21%
16%
21
23
16%
20
65
567/a
60
M-N
1007/8
M-N
98 Vi
100% 100%
f 5s
s
Canada
98%
34
98%
122
90%
92
92
92
185
91
91%
(City)
A
Ext
sink fund 4%s_
(Rep)
1963
^1994
1967
Stamped assented 5s
mod
Stamp
-
100%
sec
APeru
3%s
to
ext
ref 3%s series B__
(State of)
(Rep of)
7s
external 7s
10
ANat loan extl
98%
82%
92
A Nat
82%
'
92
92
J-J
96%
95%
96%
36
92
96%
M-S
96%
96
96%
28
92
96%
M-N
91
:
;
90%
91
88
28
s
—
*
Loan extl
s
A
s
28
50
56%
54
47%
59%
57
55%
56
10
47%
58%
58%
17
49%
57%/
59 Va
96
96
5
92
96
94%
94%
1
92
96
,
'
Vi
J-D"
*99
95%-1.00. ;;
100
85
72
85
25
.--1976
A-0
85%
82
85%
70
M-N
85
82%
85
66
73 Vi
60
60
1
1975
.
—1984
15
13
.72
72%
'
"
J-J
'
50
85
J-J
J-J
1953
J-J
10?
3
104%
101%
103%
102% 103
.
18
102% 103
101%
103 y8
40
102%
26
103%
101%
16%
24%
17
24%
A-O
*26
A-O
*13.
11%
26%
A-O
30
30
30
32
A-O
24%
24%
12%
26
__1950
J-J
*19%
1963
J-J
*13
25
12
26%
—-1961
J-D
*40%
45
36
39%
J-J
*38%
40
APrague (City of Greater)
7 Vis—1952
1966
AExtl
sec
Rio Grande do Sul
14
29
105%
*30%
39
18
M-N
*17
19%
18
M-N
.1960
A-O
A-O
F- A
16%
16%
•
16%
16%
19%
1947
1940
A-O
41
F-A
36%
1948
A*0
43%
J-D
35%
16%
16%
*
17
A 6s external sink-fund gold---—1968
41%
23
35
41%
35%
36%
107
30
36%
43%
44
25
39
M-N
34%
35%
36
A 7s municipal
1967
"39
39
J-D
39
39
M-S
91%
91%
5
5
.
29
loan
Santa Fe external sink fund 4s
1964
10
20
34
39
81%
91%
FIRM TRADING MARKETS
r.ABL MAKKS 4 P.O. rnc.
-
19%
19%
1961
F-A
16%
16%
16%
17
16%
J-J
16%
16%
18%
40
16%
19%
1961
J-J
16%
16%
16%
12
FOREIGN SECURITIES SPECIALISTS
19%
1961
7
y-s
*16%
.1963
A-0
*19
.1962
A-0
AExternal sinking fund 6s
A 6s assented
2328.
16%
17%
16%
19
18%
M-S
50 Broad St., New York 4, N. Y.
19%
16%
19
19
17
19
16%
19%
Telephone HAnover 2-0050
35%
39
foreign .securities
19
44
.
34
19%
16%
103
40%
(
1966
19%
17 %
19
50%
100 Vi
14
35
18%
38%
50%
102% 102%
(State of)—
A 8s extl loan of 1921
,
30%
34
M-N
F-A
1953
6Vis
105%
*105
J-J
J-J
Sep 1981
Sep 1961
90
68
104%
Jan
page
22%
22%
103 Va
104% 104%
104%
12
102% 102%
Feb
see
22
22
!
(City of)
Queensland (State) extl 6s
A Rid de Janeiro
(City of) 8s
r
22%
22
106%
Jan
assented
25
J-D
A-0
60
106% 106%
Feb 1981
AExtl sinking fund 6s
A. 6s
assented
16%
6
1960
110%
.1960
f Ss_.
37%
85
108%
.1949
s
23%
31%
,
85
12
.1949
f 7s
95
109% 110%
109%
M-N
1948
.1954
assented
21
For Financial Institutions
A-0
1958
95
*93
J-J
.1960
15
sinking fund 6s
22%
37%
105%
73% ' 85%
.1968
s
M-S
97
104%
—1958
1947
;
f 7s
AExternal loan 7Vis
.
;
A-0
r
85
A6s assented
footnotes
59
55%
*101
81%
47s assented
Por
102%
57%
56
85
AExternal sinking fund 6s
Ag$
101
59
A-0
85
Jan
a S3
J-D
.1967
(Rep) External
37
37%
94%
88%
12
8s
A4%s assented
APorto Alegre
102
F-A
(City) 8s
AWv external
100 Va
M-S
Jan
3s
A Extl
*100Vi 102
M-S
Jan
AChile
*100
J-J
1976
.—
38
96%
*104%
1968
Stabilization loan
A4Vis assented
100% 101
-108
M-S
.1961
3s
95
M-S
M-S
87
*94%
J-D
1940
f 6s 2d ser
(Rep of) gold 6s
A4%s assented
91
1977
3s__
A Carlsbad
!
F-A
3 Vis.
30-year
30-year
2 Vis
1947
1959
M-N
90
1961
f 6s 1st ser_
f APoland
A-0
96
(Dom of) 30-yr 4s.
25-year
*87
'
F-A
97
1661
external all bonds
98
*94
Municipal Bank extl
APernambuco
M-S
f 4%-4%s_
97
loan—
4s
A7s external loan of 1926—
Refunding i f 4%-4%s
4%-4%s
External a f 4%-4%s
*100
fund
External
23%
*58%
_1958
External readj
3%
F-A
■'
sink
23%
17
*19%
■
J-D
58
stamped
External
98 Va
98
17
J-D
__1950
101%
1
*98 V
98
4
*19%
— —
1957
Sinking fund gold 5s—
Sinking hind gold 6s
Buenos Aires (Province of)—
37%
92
11
101% 101%
M-N
—1957
f 5s
f
32
89
37%
J-D
-1959
98
20
20%
'•
J-D
(City) a f 5s
Brisbane
37%
v
M-S
19
1955
1952
37%
2
1956
23
A-0
A-0
1957
f 6Vis of 1927
(Central Ry)
A 7s
17
32
37%
fund 4%s
23%
1957
AExternal
16%
:■
17
sink
23%
1941
...
—
(U S of) external 8s—
s f 6%s of 1926
IA Brazil
18%
External
—
23
23%
A-0
^-1955
f 6a
18%
10%
-1952
7s
AExternal sink fund gold 8s
External
13 V*
*
1949
6Vis
Belgium external
15%
13
15
(State)—'
Wales
external
23
'
•
14%
37%
M-S
Norway
9%
2
17
-1959
(City)
8
44
*17
agree
f 6%s
23%
23%
7-7
s
s
10%
(State*—
series A—
South
11%
...
15%
*13
M-S
External
''
— —
1942,
14%
11
15 Va
agree
-1958
New
;.tA V
55
50%
'l
5,
14%
11%
10%
7-i"
f 6 Vis
A 6s
"
53
58
*64%
J-J
1956
of 1928
58
58
M-S
f 7s series B
External g 4Vis
r.nz:"
■
*57%
J-J
—1945
A External s f 7s series C_
-1945
AExternal s f 7s series D———1945
AExternal s f 7s 1st series
1957
AExternal sec s f 7s 2d series—1957
AExternal sec s f 7s 3rd series—1957
A Antwerp (City) external, 5s
1958
Argentine (National Government)—
S f external 4%s
1948
S f conv loan 4Vis
;
1971
S f extl conv loan 4s Feb
—1972
8 f extl conv loan 4s Apr
—1972
Australia (Commonw'lth) 5s of '25-1955
External 5s of 1927
1957
sink fund 6s
Nov.
17%
17
*10%
10%
agree
193.3
as^nr,
17
*14%>
s
External
1947
1948
1968
AGtd
■
v:
(Colombia)—
Agricultural Mtge Bank
1913
1942,
__
*17
~J-D
ASec external
1-1693
-1.
5,
*18%
agree
external
A Sec
AMontevideo
J?
.
to
Q-J
1945
Nov.
§ATreasury 6s of
~Q-J
—1954
1904
to
agree
1945
Nov.
4s of
M-N
1943
1942,
5,
AAssenting 5s of 1899
A Assented
1
Nov.
extl 5s of 1899 £
<US)
Teletype N, Y. 1-971
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4287
159
NEW
YORK
FOR
RANGE
York
New
Stock
Week's Range
or Friday's
Friday
BONDS
Last
Interest
Exchange
Bonds
2325
BOND RECORD
WEEK
ENDING
JUNE
2
Range Since
■
/'
■>' "
Sale Price Bid & Asked
'Period
'
Low
ASao Paulo
(City of Brazil) 8s
A6%s extl secured
|ASan
Paulo
external
A 7s
extl
water
loan___
A 6s
extl
dollar
loan
§ A Secured
7s_
f
s
secured
A 7s
series
ASilesla
A
Uruguay
A
....1940
1
extl
of)
extl 7s
14
37
5
30
37
56%
64
37
1958
63%
63%
64
...'/'ft
V
15%
16
4
15%
15%
17
25
__
*
J-D
F-A
ft;
' 6
Circular
1946
F-A
•
,
..I960
M-N
'
:
'
'
;
90
ft'.<72%
;;
M-N
...1978
*65
J-D
"
64%
F-A
r;
external 7s
1958
A4%8 assented
__—-—1958
*
/
F-A
.
17
Companies
JAbitibi Power & Paper—
§A5s
-L.
.
series A plain
66
Canadian National gold 4%s
Guaranteed gold 5s
66%
73%
Guaranteed
59
62
Guaranteed
19%
Guaranteed
18%
V Guaranteed
\\
.
10
19%
10
\ ."ftftft
1953
AStamped
1953 '
J-D
Adams Express coll tr gold 4s_——1948.r
Coll trust 4s of 1907——————1947
10-year deb 4%s stamped.......1940
Alabama
Great
Alabama
Power
'
J-D
i
1957
July 1969
gold 5s
J-J
Oct
gold
4%s
gold
4%s—
i
1969
1956
.
v
F-A
.—1948
5s
modified—
5s
•
modified-—-—
^
V—.
&
Foreign Pow deb 5S—-2030
Amer I G Chem
Internat
Am
American
debentures
debentures
3s
Co
3s
sink
fund
Income
4s
series
Atchison Topeka
Conv
4s
Conv 4s of
Conv
1st
Charlotte
&
1st
General
L
.
41
107%
37
108
110%
118% 119%
69
<:
69
1
A-0
•
—
A>0
-
J-D-
—1955
ft
—
J-D
112
*1964
J-D
88%
/ M-N j
1952
1948
mortgage 4s_—————1948
n—
J-J-•;/>
Atlantic Refining deb 3s——1953
88%
35
M-S
—
7
;
'
'v i
-
•
37%
50%
50
11%
A-O
50
56
J-J
27
27
27
1
23
30%
J-J
93%
91%
93%
44
83%
93%
J-J
35
35
35%
62
30
39%
34%
33%
34%
43
29%
37%
32 ?a
36
27%
3
106%
109
100
105%
5s
registered
..
4s
A-O
1987
4s
1987
registered
J-J
<
32
31%
1987
*23%
A-~0
109
109
gtd. gold 4S.1949
Through Short L 1st gtd 4s
1954
F-A
104%
104% 104%
108 ft 108 ft
Gentriil Pacific 1st
ref
109
62
87%-
Certain-teed Prod 5yas A
15
—1948
M-S
1992
M-S
'
107
Chesapeake k Ohio Ry—
General gold 4%s
>
105%. 106%:
mtge 3%s D
impt M 3%s series E
Ref. &
.
118%
"l
R & A
124%
106%
110
v
106%
110
.1990
111
-
106%
3%s
113
1.
1940
104%
89%
59
35
105
9
♦
121% 124%
120
683
ft
23
•
M-S
102
32
30%
106 as
106 Va
103
loess
103
74
—
105%
98
109
107% 108%
18
F-A
104%
104 Va 104%
156
84%
105%
v. F-A
,
107%
107
107%
82
92%
107%
56%
164
1997
1982
M-N
1988
108
121'/a
21 Va
100%
loeas loess
*106
..1958
1971
106%
*10512
Chicago Gt West 1st 4s series A
AGen inc mtge 4%s
105%
109 Vv
109
106ft 106ft
106 as
mtge inc (conv).
Chicago & Erie 1st gold 5s
36%'
V*
106
J-J
—1977
A
137%
106 %
30%
29 Va
1949
1st & ref 4%s series B_
132%
3,
18
*121 Va
••29%
J-J
.1949
7 A Gen
•
101%
3
107% 108 %
1949
4s_
5s series
85
100
*124
A-O
Chicago & Eastern 111 RR—
89%
43
107%
J-J
1949
General 4s
ref
97
72%
10
107% 108%
J-J
.—1989
registered..
1st &
103%
.•
'-.'33%
6
105% 105%
•
89%
"37
22
.
101%
69-
167
7
106%
90%
44
101%
gold 4s
Division
100% 101%
108 Va
74
J-J
1989
1st cons gold 4s
registered
Illinois
96%
14
136% 137%
F-A
Chicago Burlington & Quincy RR—
t
Illinois division 3yas
1949
108 y4
110%
5
101%
M-N
1996
t A Chicago & Alton RR ref 3s
110%
109%
Div
2d consol
1087
30%
"
.
Ref & impt
:
115%
A-O
35%
26%
34%
.—1962
<
112
111%
*111% 112
188
112%
16%
6
97
105.
16%
11%
10
85
46°
112
34%.
92
13%
75
111
42
48%
13
.1959
Central N Y Power 3%s
109%
41 y4
47%
13
95%
103% 103%
103% 7
J-J
,
"' 101
47%
A-O
13%
>
101%
91%
M-N
68 Va
52%
4s
*
79%
53
85
*106%
M-S
75
13%
.
•'/-ft .ft
M-N
86%
96%*
108 y4 108 Vi
108%:,
J-J
- '
Ry—
—Oct
111
85%
F-A
3
109% 109%
J-D
63%
85%
M-N
*110
J-D ft
:
1—1958
Line
109%
63
F-A
1945
gen 5s series C_
J-D
Guaranteed gold 5s
i960
§ A Central RR & Banking 5s stmp.1942
"
♦109% 112
103%
1945
69%'
104
68%
106
101%
110%'
29 ;
123% 123%
123%
•
52
103%
*1021/4 103
104%:
40
114% 115
Nov
9
.63
102%
106
105% 106%
'.106%' •106
106%
107%
"2
1959
Potts Creek Br 1st 4s
-
105
68%
107
76%
r
ft
J-J
111
110%
105%
68%
104%
105%
98
109%
2
104% 104 7/a
F-A
J-J
105%
7
103 %
.
97
101%
100%
39
111
109% 110%
22
*867/a
*104
'
104% 105%
105%
2
110% 110%
111%
84%
100
103%
17
103% 104%
,
1
52
*
115% 119%
322
131
52%
110
109% 110
...104'/a
F-A r;
J-J ,ft
1
.
Atlantic & Danville Ry 1st .4s
Second
109 y4 109%
.,109%
110
6
97
100
J-D
107%
109%
M-S
—^
—1963
4s_-—July 1952
gold 4s
105%
110
95%
100
t A Central of N J gen gold 5s_—.1987
104%
29
•110%
'
unified 4%s A—
coll
& N
103
32
Q-J
:
—I960
Air
28
105
110
V AChatt Div pur money gold 4s._1951
A Mobile Div 1st
gold 5s
1940
Central Illinois Light 3%s.^
i960
fcACent New Eng 1st gtd 4s
.—1961
'
;
cons
103%
105 A
M-N
1st 4s_
255
94%
103
10513^
7118%
—1955
mortgage 33/4S
Atlantic Coast
93%
,
•
103%
A-O
Atl Knox & Nor 1st gold 5s_——-1946
Atlanta
93%
95
V
106
86%
114%
1948
Nov
& gen 5%s series B
A Ref &
AGeneral
4
gold 4s of 1910.
104%
<■
7
80
*
-
——1995
Trans-Con Short L
67
:
so
103
■
•\
•-
•
—1995'
1905——
226
*103% 105%
v
gold 4s of 1909
102%
15
102% 102%
Jan
——1995
—
102%'
87
102 y4 102%
M-N
-
;
(Del)-1957
—
Adjustment gold 4s
91
102 y4
M-S'
,—1978
& Santa Fe—
General 4s
Stamped
C
99
117%
111%
M-N
-
1955
5 A Consol gold 5s
A Ref
87
102 y4102%
115%
108
1962
119
15
11
97
M-S
1981
^Central of Georgia Ry—
A 1st mtge 5s—
102%.
101
c
J-D ft;
■
—1962*.
debenture?
101
110
M-S
1950
Corp 3%s debs
Celotex Corp 3%s debs.
A Cent Branch U P 1st
gold 4s
7 89%' 100
99%
79 y8
A-0
Ann Arbor 1st gold 4s
:
1—1995
Ark & Memphis Ry Bdge & Term 5s 1964
Armour & Co (Del) 4s B—
1955
1st
98J/a
*
.ft
Anglo-Chilean Nitrate deb—1—1967
7s
89%
*96%
102%
J-J
——..1956
deb
Celanese
102%
M-N
v
:
Wat Wks Si Elec 6s series,A—1975
Am
A
Tobacco
108%
102% 102%
F-A
-1966- ' ft
debentures
conv
104%
104%
*96% 100
A-0
1961
-
103%
117
J-J
i960
103%
118
J-J
.1965
107%
—
118%
116
116% 116%
1949
Ohio 4s
4
104
104"
J
7
Clinch &
Carriers & Gen Corp 5s w w
Cart & Adir 1st gtd gold 4s
•
-
Telephone & Telegraph Co.—
3'As
3 %s
Amer
1
4y2s
Carolina
<
100%
ft M-S
5Mts——1949
conv
trust
tSACarolina Central 1st gtd 4s
-*105%
A-0
Corp conv S'/aS——-;1949
Collateral
77%:
116
6
113% 114
;
F-A
.1954
104%'
'
,
,
gold 5s
103
;•
•/./. ft,- -ft" J-D
ft A-0
-1949
;———-1950
trust
103
—
A-O
A 5s income——-4-——.— i.—.i.1950 ft
Alleghany & West 1st gtd 4s__.__.1998 *
Allied Stores Corp 4%s debs__.___195ift
Am
'68%
Coll
100%
'
%£--—,1967
ft M-N
>3%siL.i.1972 * f J-J V,
Albany Perfor Wrap Pap Bs-^—>_1948
*
A-0 ft6s with warrants assented^——1948 ' ftvA-O ft
Albany & Susquehanna RR 3%s._U946 ft
A-O
registered
Alleghany Corp—
11
110%
v
10
117% 117%
116%
J-D
113%
105ft 107
*118% 119%
F-A
108% 108%
*
mtge
3%s
77%
76%
*
High
t/uio
116%
117% 118
117%
A-0
Can Pac Ry 4% deb stk perpetual..
5s equipment trust ctfs_
1944
January 1
AO.
15
117%
.
J-J
gold 4%s
..1951
Northern Ry deb 6%s—.1946
Range Since
Sold
High
105ft 105%
105ft
J-D
..1955
Bonds
Friday's
*117% 117%
J-J
1970
gold' 5s
*403%.' .ftft;
J-D
Southern .3
1st
.
109
■"I
or
,
J-J
*103
M-S
'
'
110% 110%
6
Sale Price Bid & Asked
Low
Canadian
•'
York
Teletype—NY 1-310
Week's Range
Last
Feriod
■
~
Bell
Friday
Interest
Guaranteed
Railroad and Industrial
Exchange
-
BONDS
71
17
*15%
^
60
78
Stock
,
72%
60
15
65
—
17
ft
72%
73%
71
7- *63
—
F-A
65%
68
64%
73%
.
J-J
'
(City)
70%
York
New
'
Telephone—DIgby 4-4933
97%
New
Broadway
New York Stock Exchang*
104
request
91
89
__
,ft__
21%
91
*87 '
,
M-N
,______1979
extl conv
*86
—
Members
61
*
1979
conversion
..
23
91
WRITTEN
on
PFLUGFELDER, BAMPT0N & RUST
17%
10
21
97%
*88 V
'
M-N
2
17%
11
*9/
—
1.1%
12
11
97%
—
...1964
readjustment_.__1978
3%s extl readjustment——
1984
AWarsaw
37
Prospective Prices of the
40
M-N
4-4%-4%s extl
•'*
45%
33
1955
readjustment
External
39
5
M-N
($ bonds of 1937)—
3%-4%-4ft
12
45%
J-D
sink fund 6s_
External
A Discussion of the
New Railroad Second Mortgage Income Bonds
45%
3
45%
_1958
(Republic) extl 8s
3%s-4-4%s
38%
45 Va
A-0
1962
External sink fund 6s_
A External
36
40
'—
f 5Vas
s
40%
30
45
;
A4Vas assented
Sydney (City)
Hiah
35%
40
J-J
__._____.1962
sec
(Prov
Ml
Loin
5
(Kingdom)—
external
B
45
36
January 1
10
J-J
1968
—
Serbs Croats & Slovenes
A 8s
J-J
40%
M-S
1950
..1956
;
—
M-N
'
1936
8s
A 8s
401/2
36
M-N
_1957
f
s
(State)
1952
Sold
Vo
Hiah
J-J
J-J
2038
56
55%
48%
J-J
58%
74
127
76%
-
86
J-J
63%
125%
*126% 128
__
88
59%
43
47
60%
72
74
31
50
74
67%
70
48
47%
70
'58%
tChicago
Ind & Louisville Ry—
ARefunding 6s ser A—
1947
A Refunding gold 5s series B_—1947
ARefunding 4s series C
—.1947
B
Ohio
Baltimore St
>
1st
RR—
i
.7;
mtge gold 4s
July 1948
Stamped modified bonds— ;
1st
gold
mtge
Oct
1
(int
...; v.>
4%
at
'
.'
-
91-
90%
148
91%
ft ■ft/70%
92
Dec
1
/
A-0
93%
93 Va
147
94%
52%
•
54%
73 Va
J-D
—.1995
J-D
1946)
Ref & gen ser D
due
v
«'
54
'
—
507
41%
54%
<
56%
60
60%
"
•
46%
440
due.
—..2000
(int at 1% to
Sep 1 1946) due—
—1996
M-S
Feb 11960
F-A
due———
ft
53%
-
M-S
M-N
Ref gold 4s extended to—1951
51%
4
54%
486
■
41
54%'
174
40%
722
83%
/■
!
52 Va
39%
53%
40
.
84
i.
.
.
J-J
..
■■
83%
74%
-ft
41%
;
54%:
41
May 11989
ft:
75
€4
•
.
84%
74 Va
84%
.>
83%
161
84%
57,-v
76
50
76
————-1955
4%s series JJ._.———1961
1st mtge 4s series RR——
..I960
Alnc mtge 4y2s ser A
July 1970
tABoston & N Y Air L 1st 4s—.—1955
Bklyn Edison cons M 3y4s_t
—1966
Bklyn Union El 1st gold 5s
—.1950
Bklyn Union Gas 1st cons gold 5s_1945
1st lien & ref 6s series A
1947
Debenture gold 5s
——1950
1st lien & ref 5s series B
.1957
Buffalo Gen Elec 4y2s B—
>.1981
Buffalo Niag Elec 3V2s series C—1967
Buffalo Rochester & Pgh Ry—
Stamped
modified
(interest at.
3% to May 1, 1947) due..—,.1957
tBurlington Cedar Rap & Nor—
§A 1st & coll 5s————1934
A Certificates
of deposit.-—^,—
Bush Terminal 1st 4s—.——,.1952
J-D
A-0
A-0
J-J
F-A
F-A
56%
-
*86%
87
84%
77%
86
%
88%
4y2s
series
E
May 11989
J-J
87
86%
88%
4%s
series
F——..May 11989
J-J
88%
87
1975
F-A
61%
Jan 12000
A-O
I6V2
73%
Mtge gold 5s series A
AConv
adjustment 5s
.1987
AStpd 4s n p P'ed inc tax
1987
4%s stpd Fed inc tax.—.1987
„
•.
A-0
J-J
M-N
F-A
M-N
F-A
M-N
&
ref
ref 4%s
gold 5s
&
100
101%
102%
105 Va
106%
6
101%
103 »/4
10
105 % 106
104%
6
102% 102%
11
104%
106%
106%'
ref
*96
92%
100%"'
'
>i
92 Vo
101'
"1st & gen
C
—1960
Power
3%s
—1968
,
-
92%
17
83%
58%
102
52%
63%
55
9
41%
58%
8
108 V*
!
93
57%
109%
109%
91%
108% 109%
101%
18
103
104%
9
108
101% 101 %•
26
94%
103% 104%
29
103%
107.
Ill
112%
109
*iooy8 111
62%
60%
63%
79%
78
64
64
76
80%
96
65%
80%
65%
76%
Gold
65%
80%
80 Va
80%
10
67%
80%
81%
82%
22
67%
82%
80
80
67%
80
97%
98%
62
81
98%
62%
63%'
30
50
63%
'78%
82%
•
.
63
63
17%
16%
17%
2.392
11%
17%
144
101%
1.966
63%
deposit.—
63
,
;
J-J
.'r;
104%
J-J
.
69%
' A
.
109%
350
44%
63%
1934
.1952
104% 105
.
64
A-'O
43%
42%
49
47%
49%
M-N 4
10% '
1951
1st 5s
guaranteed 5s
J-D
1960
Dec 11960
99%
J-D
88
74
deposit
8%
90%
"l
85
51%
11%
100
(15
Va
85
6
77
75
64
45%
72%
88
56
88"
'
74%
75
39%
I-
73
59%
77
31
59
*25
.
.
109
110%
102 Va
105%
104
107%
104%
106 %
75
Union Station—
1st mtge
.1963
J-J
—.1963
J-J
1952
J-J
1962
M-S
A-O
81
80
81
80%
79%
80%
69
69
3%s series E.
1st mtge 3%s series F
Co deb
5s
,—1943
§ADebenture 5s
—
;——1957
A-O
1952
1966
F-A
—,—1967
Cin Union Term 1st gtd 3%s D—1971
J-D
110-110%
105%
__
t A Choctaw Ok & Gulf cons 5s_.
26%
27
11
21
28
Cincinnati
95%
95%
89%
95%
83
80 y8
83
15
69
83
91%
91
91%
13
86
93
103% 103%
13
101%
103%
3
107%
109%
Cin Wab
& M Div
82
95%
103 y4
St L Div
1st coll tr gold 4s__
Gas & Elec
3%s
mtge 3%s—
105
105 V*
" "106% 107
105%
M-N
t§AChilds
'1st
130
7
84
87
77
75
,'
"
85
J-D
68
36%
.514
99%
*81
M-S
:
806
10%
9
J-D
.1951
3%s
:4;■
44%
M-S
69%
61%
218
74
jrftft.70%~ 71'%'"'
'
105
64, "c81
j 66
70%
73
__
69%
67%
65% ft
•
1951
29
5
-J.J
-
—I960
ACertificates of
•'
2
M-N
——1988
of
Chic T H & Southeastern
Chicago
19
80%
49%
gold 4%s
Income
79%
49%
21%
105% 106%
<
109%
__
V
M-N
109% 109%
*111%
11
'
'
27'
•
4
5
55
26
53
82
82%
%
4 ' ':-'
..
70
108%
109%
110
7
111%
109%
111
112%
110% 110%
112%
'
A-0
108
103%
102% 103%
77%
78%
67
32
108
232^"'
17%
35
27%
A-0
page
11%
63
26%
27%
A-0
see
2.923
63
Chic & West Indiana com 4s
-
footnotes
62
16%
61%
gold 4s
jASecured 4%s series A
AConv
112%
102
-
For
45%
6IV2
Memphis Div 1st gold 4s—
103 A
111% 111%
103 &
California-Oregon Power 4s.__—...1966
gtd 5s Al—1962
2.621
63
Chicago St L & New Orleans 5s
*i02y8
103 3%
Canada Southern
cons
90
62
79
M-N
...1949
4s
1st mtge gtd 3%s series E
Cleve Cin Chic & St Louis Ry—
108
gold 4s__
General
Elec
77%
J-D
§ ARefunding
54%
—
-
46
80
M-N
mtge 4s ser A w i
ACertificates
100
58
A-0
-
—1955
M-N
conv
AGeneral
100%
•
A-0
J-J
A-0
90
81
J-D
1989
income 4%s w i—1999
tSAChicago Railways. 1st 5s stpd
25% part paid.
1927
2nd mtge
'104
54%
M-N
-
88%
May 1 2037
stpd
4%s
1st & ref 4%s series D
v
76%
tChicago Rock Island & Pacific Ry—
100%
104 ^ 104 -
.
-
88%
174
85%
J-D
AConv 4%s series A
106% 7
76%
85%
May 12037
&
A 1st
106% 106%
69 Va
•
May 1 2037
A 1st
106
M-N
J-D
M-N
F-A
J-D
7 A ist
101
101%
74%
67
15%
'
M-N
stpd Fed inc tax—
1987
A4y2s stamped
1987
lASecured 6%s_——..————.1936
129%
.
212
333
82
•
:
M-N
5s
*101
M-S
M-N
:
AGen
100%
128
128% 128%
100
58%
•
M-N
General
California
M-N
7, 4s registered
*iooy4 100%
•
14%
87
M-N
M-N
87%
51%'
100%
98%
14%
10 Va
'
9
8i
88
1987
86%.
49%
87%
*52%
*100
51
'•
66
10%
99'
■V; 99% 100
81
4s__
84%'
74
J-D
'
:-
99%
J-J
■
tChicago & North Western Ry—
AGeneral gold 3y2s
—.1987
3%s registered
1987
.
7
1st gold
5s._
ft'.'
J-J
J-J
J-D
A-0
v A-0
1st M 5s series II
Bldgs 5s gtd—
J-J
AGen
.
Big Sandy 1st mtge 4s—.i——.—.1944
Boston & Maine 1st 5s A C
—1967
Consolidated
•
J-J
-
—1951
4s
stamped
1951
Battle Creek & Sturgis 1st gtd 3s—1989
Beech Creek Extension 1st 3%s_—1951
Bell Telephone of Pa 5s-series C—1960
Beneficial Indus Loan 2y4s.——1950
2%s debentures
————.1956
Beth Steel 3y2s conv debs.
1952
Consol mtge 3V4s series F—
1959
Con sol mtge 3 s series G
...I960
Consol mtge 3y4s series H——,.1965
Bush Term
A
14
*
tChic Milw St Paul & Pac RR—
54%
31%
12%
J-J
J-J
AGeneral
—.1959
Toledo Cin Dlv ref 4s A
series
13%*'
J-J
A
S'west Div 1st M (int at 3Vi% »
to Jan 1 1947) due——^.1950
Bangor & Aroostook RR—
Con ref 4s
4s
66
12
'
AGen
Pgh L E & W Va System—
'■.7'.',;
AGen
,1
'45
98
63%
66
'
AGen
60%.
(Int at 1% to \
Sep 1 1946)
M-N
AGen gold 3%s series B__May 11989
4%s series C
—May 11989
7
Ref & gen ser F
AConv
'.
AGen
/
70
..
J-J 4
^Chicago Milwaukee & St Paul—
94%
7,
(int at 1% to
due.
—1995
ser C (int at lVn% • •
•
1946)
Ref & gen
to Dec 1
gen 5s series A.
.-—1968'
i A 1st & gen 6s series B—.May 1960
Chicago Ind & Sou 50-year 4s.
1950
••••
i.,v
Ref & gen ser A
,
;
V A 1st &:
r
to
due..——-July 1948
1946)
*ft
A-0
J-J
*
■
5s series B
___:
Ref & impt 4%s series E__
1st 4s
1969
F-A
*112%
1993
J-D
1993
J-D
1977
J-J
79%
79Va
80%
1991
J-J
75
75
77
1990
M-N
95%
95
95%
99%
99
*100
99%
161
88%
99%
...
99%
101)
57%
81 Va
17
53%
77
12
82
95 Va
155
2326
THE COMMERCIAL & FINANCIAL CHRONICLE
Monday, June 5, 1944
NEW YORK BOND RECORD
RANGE FOR WEEK ENDING JUNE 2
Week's Range
or Friday's
Friday
BONDS
Last
Interest
New York Stock Exchange
Period
Low
Cleveland Elec Ilium 3s
Cleveland
—
Si Pittsburgh
Series
C
3 Vis
Series
D
3VaS
-.1970
BONDS.
Bonds
Sale Price Bid & Asked
J-J
Hiah
No.
107% 108 Vi
New York Stock
Range Since
January 1
Sold
Low
106%
21
Period
...1948
gtd—
gtd.
F-A
"108
.—1977
F-A
*106%
Hudson & Manhattan 1st 5s A
—1981
J-J
*106%
...1961
A-O
106 % 106 Vi
A-O
104%
103% 104%
92%
104%
A-O
100%
100% 101 Va
137
84
101%'
—1977
A-O
97%
98%
211
75%
—1945
J-D
—1970
A-O
74"
83
92
•
Colorado & Southern Ry.—
,
M-N
—1980
4Vis (stamped modified)
Columbia G & E deb 5s.*.—May 195a
105%
105% 106%
38
109
109
2
110
110
11
F-A
*113%
May
'•
92
i
103%
106%
108%
110
113%
131
18
110
J-J
111%
109%
111
15
110% 111%
J-J
*114
F-A
L 1st Si ret 4%S.
—1951
f 3%s A-.—-1961
Consolidated Cigar 3 Vis s. f. debs.1953
Conn River Power s
110
109%
113%
*110
J -J
117
113%
*
j
111
103%
A-O
103%
103% 104%.
7
A-O
—1956
107%
107% 107%
8
105%
6
107%
58
103%
105%
103%
108%
105%
57
57
45%
59%
56%
58
100
45%
59
56%
J-D
56%
10
46%
58
105
105
57
55
J-J
J-J
58
105 %
J. J
4s——.—.—1956
Consumers Power Co—
1st mtge 3Vis—
—
..1965
1st mtge 3Vis—
1967
ADebenture
M-N
M-N
111
111%
25
110%
14
107%
109% 109%
7
108%
102%
103%
95%
100%
J-D
100%
*56%
J-J
J-D
62
J-J
s
107
M-N
106
51
B_——1978
fADes Plaines Val lst gtd 4Vis_-.-1947
Detroit Edison 4s series P
1965
Gen & ref mtge 3 Vis series G—1966
Gen & ref 3s series H———1970
5%
4Vb
A-O
78
142
60%
81%
89%
103
67%
F-A
70%
67% 71%
99% 100
430
J-D
J-J
J-J
5
48
4%
49
*105%
111
72
87
75"
76%
59%
76%
77%
77%
65
77%
■; *87%
v
J-D
J-D
79%
163
10
52
180
45
46
I
5
4
54
56
iFlorida
A 1st
A
81
8
6%
28
of
deposit
3
22
49%
50
3
41
31%
31%
4
28
105% 105%
1
98%
50
31%
*102%
106%
40
110
36
106%
40
20
24%
101%
47%
667
16%
J-J
53
51
53%
79
43%
57%
J-J
52%
51%
53%
64
43%
57%
A-O
60
59%
60%
194
56
65%
2
103
105 Vs
1
105
108 V4
M-N
J-J
91
F-A
94%
M-S
102% 102%
J-J
103%
M-S
107%
32
108%
__
150% 150%
6
148%
1961
■
J-J
102% 103
*106
106%
9
102%
103 %
106
J-J
36
*95%
103
103
103
82%
80
__
~5
104% 105%
73%
M-N
M-S
M-N
__
J-D
73%
339
70
105% 105%
103%
M-N
154
103% 104
*102% 104%
131
131
M-N
99%
103
101%
J-J
10
64%
75
106%
102
105%
102
104%
102
14,
"5
103
117
131
—'
51%
99%
1
98%
50%
51%
94
42 %
59%
51
42
56%
99%
'
2
100
13%
12%
13
44
11%
J-J
13
19
11%
13%
"103
100
103
104
99% 100
&
1st
ret
,
J-J
104
103% 104
30
28%
30
62
66
J-J
J-D
105%
J-D
15
97%
103%
100
J-J
109%
J-J
1948
1967
mtge 3%s series 1
A Debentures
ctfs
*100%
mtge inc 5s series A
Gulf & Ship Island RR—
&
ref Term M 5s
...2015
stpd— ..1952
Gulf States Util 3 Vis series D
1969
J-J
103%
75
48
22
111%
105%
106% 107%
103% 104%
102 % 102%
J-J
100%
100
J-J
85%
68%
13%
J-J
—
—
M-N
M-N
Jif-N
1962
J-D
Hudson Coal 1st s f 5s
series A
Hudson Co Gas 1st
gold 5s
For footnotes
see
page
2328.
1949
98%
100
85%
100%
68 %
28
5s
,
98%
'
102%
3s
91
65
14%
45
12%
27
89%
85%
32
66
98
2
stamped..
M-N
131
—
—
68
—
133
6
93
94
8
110
87%
98
111%
130%
85%
133
94
103
105%
68 %
112
56
70 Va
116
117%
1
74
72%
89 %
47
107%
109%
114%
119
87%
98%
*98
98
*94%
90%
98
94
69
*175%
174
175%
J-J
*108%
107%
J-J
*109%
109
108%
110%
A-O
M-S
M-S
107% 108
21
106%
108
102% 103%
107%
102%
23
102%
104%
3%
3%
99%
100%
M-S
4
"3%
A-O
F-A
.
100
100
4
,
'
40
98%
100%
99%
1
98%
100 %
101 % 101%
25
93%
101%
4
89%
96 Va
58%
67
97%
104
97
103%
99% 100%
100
99%
,J-D
95%
96%
Dec
,
59%
60
32
103
32
103
103
14
♦103
104
'M-S
99
99
♦91%
F-A
91%
F-A
80%
F-A
95
15
103%
99
86
*79%
10
75
65%
1
,
94
71
91%
80%
86
84%
—
80%
70
.
78
79%
78%
79%
'• '~3
65
79%
68V2
68
69%
82
56
69%
77%
78
64%
80%
M-N
42
40%
42%
40
41
M-N
46
44%
46%
44%
45
M-N
52%
50%
53%
A-O
.
76 V4
75%
76%
F-A
J-J
;
55
412
33
44%
2
34
43%
200
37
48%
8
35%
46%
120
42%
57
38
64%
A-O
127% 127%
1
123%
127%
A-O
101% 101%
1
101%
104 aV
120% 120 %
6
119%
122%
104
106
,
F-A
M-N
Miami gen. 4s series
M-S
M-S
M-S
78
*108
*
105
105
105
105 Va
11
103%
105%
105% 105%
21
104
1057/a
105%
105% 105%
119 % 119%
2
104
105%
5
119%
120%
.A-O
.F-A
102
105%
103%
A-O
—1963
L.
100%
*80
80%
.—1951
debenture
debentures
103
A-O
<„
103%
103% 103%
12
J-J
100%
99% 100%
109% 110
90
93%
5
109%
101% 101%
1
101%
102%
106%
108
107%
M-S
101%
100 Va
110
Louisville & Nashville R&t& ref-5s series B
1st
& ref 4Vas.series C_——:—: .2003
—.
2003
1st &, ref 4s series. D—1——
1st & ref 3%s series E_——.— 2003
Unif mtge 3V2S series A ext—.. .1950
Unif mtge 4s series B ext
A-O
105% 106%
__
104
17
A-O
104%
104% 104%
9
102%
102
102%
65
94 %
102,%
J-J
103% 103%
9
102%
104%
J-J
.1940
.1980
3s.i
4V2S—— .1945
.1952
South Ry Joint hionon 4s—
Atl Knox "& Cine Div 4a—— .1955
—
A-O
(
.1960
Paducah & Mem. Div 4s__
*106% 107
A-O
.2003
lst
106% 106%
3
IO6V2
107%
103
104%
F-A
.
Mob & MOntg 1st gold
♦103%
i
M-S
97
M-S
St Louis Div 2d gold
*103%
J-J
104
104 Va
M-N
—
—
10
97
,
99%
94%
105%
—
104%
30
98
*113
104
104
101%
105 Va
112
'
...
113
M
68%
17
100%
3
116% 116 %
89%
91%
100%
103% 104%
67
85
69%
51%
—
A—1945
J-D
mtge 4V2S-series A.;
,*.1960
Manati Sugar 4s sink fund—Feb 11957
AManila Elec RR & Lt s f 5s—
1953
A Manila RR (Southern Lines) 4s
1959
,J-D
Maine Central RR 4s series
■
Gen
M-N
M-S
M-N
98%
__
98%
20
71%
39
78%
:
82
94
*58%
.
*34%
_
90%.
52
68%
99
73
98%
70
70
82
86
71%
82
..
__
t§ AManitowbc Green Bay & North-
.———1941
Steam Shovel s f 6s—_—1947
1—
Stamped
104%
71%
86
.—...1954
...
stamped.—
Marion
j-j
86%
2
56
82%
99%
4s——1945
103 %
*97%
72%
70
M-S
104%
102%
100 %
110% 110%
110
J-J
...
108
24
6
.
84%
J-J
A-..*.-1962
Long Dock Co 3%s ext to——,—...1950
Long Island/unified ;4s————1949
Guaranteed ref gold 4s.s——1949
i 4s
stamped
—.1949
Lofillard (P) Co deb 5s
r——1951
116%
28
125
.
107% 108%
,
103
111%
100
1954
_
102%
87%
103
116%
100
102%
1937
gold 5s
83%
95%
*98%
J-J
108% ■111%
16
100 %
1999
cons
debs
58%
*67
,J-J
Western 1st gtd 3%s
Oil 4%s
61
33
85%
101%
101%
10
J-J
tSAHousatonic Ry
83%
102%
,*118%
J-D
105%, 307%
H
Houston
5
83%
99%
68%
3
15
22
116%
J-J
Hocking Valley Ry 1st 4%s
20
J-J
F-A
.
Feb
AGen
5
J-J
& ref 5V28 series D——.1960
32
109% 110%
Feb
B
Gulf Mobile & Ohio 4s series B—1975
1st
'
104
22%
115% 116
J-j
Gen
101%
101%
109% 109%
116
J-J
Gen mtge 4s series H
105% 105%
24
*102%
* J-J
AGreen Bay & West deb ctfs A
94%
3
103
J-J
1954
6%s—
Lou & Jeff Bridge Co gtd
J-J
,
77%
81%
108
Little
14
12%
J-D
1946
207
89
;
,.—..1977
91%
94%
102
Louisville Gas & Elec 3 V2S—,——.1966
General mtge 4s series G.
74%
82%
,.1974
Leh Val Harbor Term gtd ,5s
—1954
Lehigh Valley N Y 4Vfls ext.—.1950
Lehigh Valley RR—
4s stamped modified——-.—-2.003
4s registered
2003
l AVaS
stamped modified——2003
4 % s registered...—
2003
5s stamped modified
....——.2003
Lehigh .Valley Terminal Ry ext 5S.1951
Lex & Eastern 1st 50-yr 5s gtd—1965
Liggett & Myers Tobacco 7s—.*..1944
105%
13
General 4Vis series E
188
deposit——
/ 1st & ref sink fund 5S———
1,964
5s
stamped
——1964
1st 8s ref sink fund 5s.
...—.1974
95
51
-M-S
—.
1976
100%
86
5s
100%
106
*106% 106%
105%
j-j
1973
2
82
A-O
of
Louisiana & Ark 1st 5s series A—1969
—
100% 100%
87% 91%
84%
106%
98% 100%
99%
105%
M-N
General 5s series C
97%
5
A-O
5s
General 4Vis series D
100 Va
2
t92
A-O
Lehigh & New Eng RR 4s A...
1965
Lehigh "& N Y 1st gtd gold 4S—1945
Lehigh Valley Coal Co—
j
1st & ref sink fund 5s
.—1954
150%
150%
J-J
..1949
Oct 11945
f§AGa Caro & Nor 1st ext 6s_._..1934
Goodrich (B F) 1st 4Vis.
1956
Grays Point Term 1st gtd 5s_,
..1947
Great Northern 4Vis series A
1961
General 5 Vis series B
1952
■■V,
24%
Lautaro Nitrate Co Ltd—
113%
M-S
Castings 5 Vis
107% 107%
61%
100% 100%
Lake Sh & Mich Sou gold 3%s.
1997
j. 3 %s
registered^—1997
ill
38%
110
Francisco Sugar
Steel
103% 103%
F-A
1951
& Laughlin Steel 3%s
Coll
40
109% 111
A-O
t A Georgia & Ala Ry 5s_;
103 Va
384
23%
Laclede Gas Light extd 5s—...
194S
l
Coll & ref 5%s series Q.—..—1953
108%
*113%
J-D
Gen
5
105% 105%
57%
102%
107%
A-O
1949
106%
54
34
105%
106
Food Machinery Corp 3s
Gas & Elec of Berg Co cons , 5s
66
110%
104%
106%
*106% 107%
J-D
debs—..1956
coll trust 6s..._..1956
44
110%
"3
20%
Koppers Co 1st mtge 3% si— ..—1961
Kresge Foundation 3 % notes.
1950
tAKreuger & Toll 5s ctfs—^——.^.1959
111%
104%
102
__
106% 106%
110
J-J
JFonda Johns & Glover RR—
§A2-4s (Proof of claim)
—1982
ACertHicates of deposit.
67
66
54%
,
109% 111
M-N
East Coast 1st 4ViS—....1959
ref 5s series A——.—1974
Certificates
63%
78%
23%
49 Va
A-O
1958
Flintkote Co 3s debs
103%
57%
A-O
...
55
102% 105%
—
110% 111
40%
110
J-J
tAFlorida Cent & Peninsular 5s—1943
74
98%
57%
'
,106
J-J
deb..—.1961
52%
2
J-J
Ref, 81 impt. 5s_——
.—Apr 1950
Kansas. .City, Term* 1st 4s.'.—i
1960
Kentucky Central gold 4s.-._.—..1987
Kentucky &- lad Term 4%s
1961
Stamped
1961
,Plain;
■
—.1961
4%s runguaranteed
..1961
Kings County El L & P 6si—...
1993&,
Kings Co Lighting- 1st 5s
1954
_
Firestone Tire & Rub 3s
174
*noy8
Cons sink fund 4Vis series C—1954
'
251
66
A-O
Kansas City. Southern Ry 1st 3s_—195.0
93%
110
A-O
series B——..1995
AGen mtge inc 4Vis series A—2015
N Y & Erie RR extl 1st 4s..
1947
Ohio Div 1st mtge 3Vis—
1971
78%
K
106%
106
M-S
1st cons M 4s
75%
M-S
mtge income reg
..1975
Lehigh Coal Si Nav s f 4%s A—
^1954
Erie Railroad Co—
79
93%
74
71%
103% 103 %
72%;
J-J
J-J
'78%
93%
76%
1963
Kanawha & Mich 1st gtd gold 48—1990
108
105%
106
J-D
VaS..—,—1962
67%
;, 93%
.1963
1st
90
*80%
*90%
F-A
A 1st
Empire Gas & Fuel. 3
7iy8
91
77%
*52
101%
3
110
J-D
1
79%
90
100
'76%
J-D
162
-
51/4
48
M-N
Nor Div 1st 4s
1948
East Tenn Va & Ga Div 1st 5s.—1956
Ed El 111 (NY) 1st cons gold ■.58.—1995
Elec Auto-Lite 2Vis debs—
1950
Elgin Joliet & East Ry 3 Vis.
1970
El Paso & S W 1st 5s.
1965
5s
stamped
———1965
97
J-J
J-J
U-S
East Ry Minn
48%
4
F-A
J-J
...
38
*92%
Jones
J-D
lien gold 4s 1995
1995
Vis—...1961
Dow Chemical deb 2 Vis————1950
Dul Miss & Iron Range Ry 3Vis—1962
tSADul Sou Shore & Atl gold 5s—1937
Duquesne Light 1st M 3 Vis—1965
58
81%
88%
78
James Frankl & Clear 1st As....—1959
105%
54
4
-
m-s
gold 4s
78
80%
89%
68%
40
54%
53%
A-O
ASecond
75%
81%
M-N
53
100
93%
92
53
F-A
Detroit & Mackinac 1st
J-J
M-N
58%
107%
106
J-J
Detroit Term & Tunnel 4
83%
62%
47
107
93%
J-J
.
607/a
J-J
ACertificates
F-A
impt 5s series
107
A-O
"
ARef &
83%
JKansas City Fort Scott ^ Mem Ry—
!
§ A Refunding gtd 4s_—vl
...1936
A-O
-1955
f 5s„
82%
39
J-D
Assented
83%
83%
41
101% 101%
101%
,
A
62 %
54%
IDenver
AGeneral
73
72%
D
Delaware & Hudson 4s extended—1963
Delaware Power & Light 3s__.—1973
& Rio Grande RR—
'
'
§Alst consol 4s~
———1936
§AConsol gold 4Vis—1936
IDenver & Rio Grande Western RR—
83%
*61
A-O
3s.— '970
series B—1965
70
82
M-N
,..1952
...
97
64
83
21
48%
*44%
receipts.
3s deb..——1955
Curtis Publishing Co
Dayton P & L 1st mtge
Dayton Union Ry 3Vis
3%s__—
96%
A-O
38%
70
48%
100%
*97%
*71
29
57
*63%
103%
100
*96%
M-S
53%
35
72
56%
57
J-D
46
49
*70
—
extended to
-1946
A Deposit
receipts
'
—-A6s series B extended to——.1946
A7Vis series A
53
58
46%
46%
receipts.
——gold———-.1952
100%
100
J-D ^
J-J
.1951
& Iowa
101%
JAIowa Cent Ry,.lst Si ref 4s.
111
103
43
*100%
Int Telep & Teleg deb gold 4%s.._1952.
i
Debentures 5s.^.—
1955
108%
*102
34%-
Int Rys Cent Amer1st 5s B
,1972
1st lien & ref 6%S————...1947
112
107% 108%
A-O
72%
27
AAdjustment 6s.series A_..July 1952
A 1st 5s series; B_._._..l.
...1958
A 1st gold 5s series C
,..1956
Internat Hydro El .deb 6s.—......1944
Ihternat Paper 5s series A Si B._. 1947
Ref sink fund 6s series A.......1955
111
111%
108%
U-N
ACuba RR 1st 5s
A Deposit
109%
M-N
*111
Hiah
55%
818
Inspiration, Cons Copper 4s..
..1952
tAInter-Great Nor 1st 6s series Ail952
109%
M-N
3Vis———-----——1970
mtge-3Vis.———-——-—1966
1st mtge 3 Via——.————1969
Crane Co 2 Vis s f debs.—
—1950
Crucible Steel 3 Vis s f debs
—1955
JACuba Northern Ry 1st 5Vis—1942
1st mtge
1st
receipts—
108
108% 108%
Low
72%
34%
A-O
gold 4s
1950
JrAInd & Louisville 1st gtd 4s_^.._1956
Indianapolis Union Ry 3%s ser B.1986
Inland Steel lst mtge 3s series F^.1901
,
A Deposit
lines
1st & ref 4%s series C
107%
108% 108%
J-J
—:—1958
3Vis—1951
jAConsol Ry non-conv deb 4s-—.1954
A Debenture 4s„_
..-1955
debentures-—
Consolidated Oil conv deb
3 Vis
J-J
Springfield Div. 1st gold 3%s
..1951
Western Lines 1st gold 4s____.__1951
Ind 111
Consolidated Edison' of New York—
3 Vis debentures—
—1948
Deposit
Purchased
111 Cent and Chic St L & N O—
Joint 1st ref 5s series A_!
114%
109%
101%
102% 102%
January 1
285
102% 102%
J-J
;__1951
1st gold 3V2S-.—____.___>_.__^1951
Extended 1st gold 3%s_..'.l.i..l951
1st gold 3s sterling
1951
Collateral trust gold 4s____.„__1952
Refunding 4s_
1955
...
109
113%
110
Sold
No.
.
4s__
Collateral trust gold 4s
.11953
Refunding 5s........;
.1955
40-year 4%s__,
j.1968
Cairo Bridge gold 4s....
..1950
« Litchfield
Div 1st' gold 3s____i._1951
Louisville Div & -Term gold 3 %s_l§53
Orhaha Div 1st gold 3s_.__._
1951
/ St: Louis Div & Term go,id 3S.
1951
64%'
105
109
gold
Gold 3%s
Conn Ry Si
A
29
„
,
V'''r
52\
103
105
—
111% 112
J-D
.——1968
mtge 3Vis series I
Conv debs 3Vis—'———....1958
debentures-—
21
M-S
1st
3Vis
116
64%
104% 105
A-0
extl gold 4S..1948
Columbus & Sou Ohio El 3 Vis——1970
Columbus & Tol 1st extl 4s
1955
A Commercial Mackay Corp-—
Income deb w w„—
.-Apr 11969
Commonwealth Edison Co—•
L
63%
104%
J-J
—.—1961
Debenture 5s——
64%
M-N
Columbus & H V 1st
*
98%
*102
*91%
33%
1st
106%
—1972
...1973
97%
64%
A-O
.
95
4
t 4%s series C—.
s
71%
Illinois-Bell Telep 2%s fcerles A.—1981
Illinois Central RR—
*
•>
:
—
1st s f 5s series B gtd..
,1st
F-A
AAdJ income 5s—.........Feb 1;957
106
1957
Range Since
Bonds
107%
106
Hiah
107
107%
__
—
Week's Range
or Friday's
.
Low
108%
107
.—1950
,.
General 4%s series A—
Last
Sale Price Bid & Asked
Hiah
RR-—
M-N
Friday
interest
Exchange
—
J-J
..
A-O
__
A-O
*86
..
102% 102%
*102%
2
..
__
101
102%
101% 102Va
Market Street Railway—
1945
Q-A
McCrory Stores deb 3%—.:—u..1955
Metrop Ed 1st 4V2S series D
—I960
A-O
(Stamped mod)
ext 5s
Metrop Wat Sew & Drain
;
5%s
1950
M-S
A-O
99%
1
105% 105 Va
2
110 Va 110%
4
997/a
_
_
„
95
95
,
2
96%
99%
105
106
109% 111%
92
95
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4287
159
2327
NEW YORK BOND RECORD
RANGE
Friday
New York
Bonds
Sale Price Bid & Asked
Sold
Last
Interest
Exchange
Stock
Period
High
Low
H AMet
West
Miemgan
Jack
Side
El
4s__1938
(Chic)
F-A
*814
—
WEEK
Lans
1st
gold
Ref
&
Sag 3y2s
M-S
M-N
———1951
1952
3%s
1979
1940
impt, 4'/2s series C__;
t§AMidland of N J 1st ext 5s
Low
No.
16%
New York
.
181/4
M-S
1947
$AMilw Spar & N W 1st gtd 4s
HAMilw & State Line 1st 3%S
>1941
877/a
71%
13
Niag Lock & Ont Pow 1st 5s A
97
% 100%
86
72
33
Gen
59
72
77%
ref
ARef
JW-S
series A
*11%
5.%
73/a
12%
Q-F
1949
1962
5%
~2
3%
3s
12
§ Alst
consol
&
39%
40
95
29%
40
41
40%
41
14
30%
41
39%
39
40
20
29%,
40
1946
J-J
6Vi
>_»..—»1938
5s__
gtd
§ A 1st stamped 5s
Alst
39%
int__1938
J-J
J-J
J-J
1938
4s stamped
cons
§ A 1st
ref
as to
series A
6s
Missouri-Kansas-Texas
Prior
J-J
J-J
1990
J-D
71V*
68%
71%
224
1962
J-J
737/a
71%
75
187
1962
J-J
60%
63%
45
D_«»>»_1978
J-J
68%
57
53
r-A
73%
1
103
78%
56%
of
.
.
36
67%
42
67%
*.-1967
F-A
HO'A
110% 110%
11
108%
110%
.>1974
f-a
111%
nf%
111%
10
111%
112%
16%
16%
86
1st mtge 3'/2S_„
tOgdensburg & Lake Champlain Ry—
§ A 1st guaranteed 4s
1948
J-J
16%
^^1965
M-N
105%
.1967
M-S
75
53%
79
36
57%
67%
67 %
65%
67%
68
59
56%
72%
13
56%
69 Ya
28
26
28 %
872
22 %
30
1st mtge 3%s_
Oklahoma Gas 81
M-S
68%
65%
68%
445
56%
73
Ontario
67
56%
72
Oregon RR 8c NaV
66
68%
56%
72%
67%
1st
mtge 4s~
1st mtge 4s—
;
—
1972
Elec
Transmission
33/4sl«^
1st
72%
Otis Steel
*67
deposit
F-A
deposit——j—
——I960
mtge 4%S
Morris
Constr
M 4Vis
1968
1947
T 3Vis
Mutual Fuel Gas 1st gtd 5s
109% 109%
73%
108%
J-D
M-N
96%
94%
1051/a 105 %
3
104%
105%
J-J
106% 106%
107
107 *
7
106%
12
107
107%
108% 108%
7
108
110%
J-J
104% 104%
2
1033/a
105%
J-J
J-J
108%
_>
108 3/a
J-D
1st &.ref mtgd 3s series J
1011%
61%
61%
63%
189
48%
1970
J-D
105 !/a
105 % 105%
8
104%
106%
—1971
J-D
105
105
105%
10
104%
105%
A-0
109%
109ya 1093/a
3
108
1091/4
68%
69%
75
47%
63%
65
146
,43%
109
*110% 111
111%
series K*
Ref mtge 3Via series C
69%
*109% 110
1st & ref M 3s
Pacific Tel & Tel 3'As series B
631%
68%
64
104
J-D
J-D
*'
95i%
-iooy8
,,
110%
1033A
Coast Co 1st gold 5S
1940
1964
1st & ref mtge 33/4s series H__—1961
1st & ref mtg^ 3y2s series I
1966 1
1141%
107 3/s
105%
*100% 101%
;
1093/4
104 %
1
Pacific Gas & El 4s series G
111%
111
2
11
1081/8
6
104
Pacific
104% 105 %
11
5
107% 107%
104
108 3/4
72
60
16
111% 111%
1955
series B
Mountain States,T &
73%
108% 108%
M-N
A—1962
ser
108
J-D
con
mtge 4%s
203A
106JA
723%
59 %
1st
15%
106 3A
•
71
56%
106%
m
M-N
J-D
M-N
M-N
——-1955
series A
M 5s
59%
159
'107% 107%
W
ext——1951
(John) & Co 3s debs
1958
& Essex 1st gtd 3 Vis
2000
Constr
109%
76
68
73
A-0
J-D
5s
68
*105
73
A-0
1965
—
ref 33As>—1966
,
1
68
65%
*67
M-S
F-A
1st gtd gold 4s—_1991
Monongahela Ry 3 Vis series B—1966
Monongahela W Penn Pub Serv—,
debentures
68
—-
'... 5
68
*67
—
1981
I—__
series
Tramways
88
104%
25
105% 106
*1051/4 105%
J-J
-*1966
5s*_--*1_1945
56%
Montreal
98 %
O
63%
69
54
79
Morrell
84
97%
98
M-S
68
1st &
82%
83
1964
66.
Power
88
88
87%
68
1st
98%
310
87%
87
13%
6s
84
87%
68i%
Montana
61%
87%
9%
Moh'k & Malone
66
102
J-J
57%
of
70%
51
*61
J-J
564
of
.98
53
2047
13
5s
102%
88%
__2047
11%
ref
92%
2
110
5s series C_„
5s series D
127/a
&
91
97%
69 3 a
97%
80%
M-N
A-0
ACertificates
101% 102 %
J-J
ACertificates of deposit——
gold 5V2S
1949
Alst & ref gold 5s series H
1980
G——
AConv
ACertificates
116
.>2047
68%
Alst
133
125 %
116
J-J
67%
•
deposit——
series
5s
129
125
68lA
69
%
2047
M-N
of
101%
132
120
41/2S series A_
6s' series B__;
1978
ref
&
Alst
-
Q-J
gold 4s
—1946
Ore Short Line 1st cons gold 5s_„1940
f
Guaranteed stpd cons 5s
,1946
Oregon-Wash RR & Nav 4s»
1961
ACertificates
,
132
*
Q-A
53
deposit--—
4s_—
46%
*127
>2047
M-S
-
£» MM*. m m, Jm
ref 5s series F——-1977
Alst &
473A
43%
O-A
Q-J
67
•
—•————1975
A Certificates
AGeneral
82%
37%
Af-3
Q-F
mtge 23/4s.—.—:—:—
Ohio Edison
1965
ref 5s series A
Alst &
2
93
M-3
1997
43
^Missouri Pacific RR Co—
;
89
43
>1974
1997
89
88%
71%
64%
High
110%
41
*36
;>1974
1st & ref mtge 3y2s
(Wise)
103 J/4
100
5
'
series A»_Jan 196?
5s
1st
69
A-O
lien 5s series A———
adjust
78%
78%
103
Low
108%
4
108% 109
States Power Co—
(Minn)
7%
Range Since
January 1
Sold
RR—
40-year 4s series B
Prior lien 4y2s series
ACurrt
5
3
1959
1st 5s
1st 4s—
Kansas & Texas
Mo
6%
..>1978
Alst & ref 5V2S series B__
t AMissouri-Illinois RR
6%
Northern
42'a
F-A
Ry 1st' gold 4s_1996
registered
impt
Ref & impt
Ref & impt
Ref & impt
tMinis St Paul & Sault Ste Marie
89
A-0
1961
Id gold 3s_>»Jan 2047
ry &
Ref &
5%
J-J
2014
Northern Pacific Ry prior lien 4s
4s registered
Gen lien
gold 4s>_.
&-ext 50-yr 5s
Western
A-0
1998
A_»
series
Central gen & ref 5s»
& ref 4%s series A„
North
tMinneapolis & St Louis RR—
&
4 VaS
mtge
1955
Bonds
No.
High
*
Co—
Norfolk &
88
771/2
*65
Ry
A Gen mtge 5s conv inc_HA Norfolk Southern RR 5s A
105
101
75%
28
70%
J-J
88
1st
Southern
701/8
55
1
67
100
J-D
—.>>1939
94
65
67
J-D
73
Week's Range
or Friday's
Sale Price Bid & Asked
Low
94
1023/8
~5
Last
Period
97
95
5
97
93%
A-0
HAMilw & Northern 1st ext 4y2s~1939
§ Consol ext 4Vis.—>,
97
Friday
Interest
Stock Exchanc®
Nigh
16
—
*105% 105%
J-J
2
January 1
Norfolk
&
A 1st
JUNE
ENDING
Range Since
Central—
'
A
,
FOR
BONDS
Week's Range
or Friday's
BONDS
Paducah
& 111 1st s f
*>—1966
gold 4%s
Panhandle East P L 3s B
65
Paramount
110%
'
111%
1st M
Broadway Corp—
f gold 3s loan ctfs_
s
Paterson &, Passaic G & E
111%
110
111%
*105
M-N
—
M-S
108% 1103/4
2
106
110
105% 105 %
F-A
5s_1049
cons
99%
110 3/4
110
110% 110%
J-J
»1955
98
108
19
*110%
J-D
1955
—I960
10
35
110%
110
J-D
1966
99%
108 % 108%
98 3A
108%
J-D
105%
85%
95%
95%
ao6
103
11
95%
115
116V4
101%
101%
108
115
1091/4
Pennsylvania Co—
'
Guaranteed
3y2s trust ctfs D
>1944
J-D
*101
Gtd 4s series E trust ctfs„»
1952
M-N
*109
Secured
1963
F-A
Pennsylvania Glass Sand 3y2s>>—i960
Pennsylvania Ohio & Detroit RR—
J-D
N
Nash Chatt & St L 4s
Nat
Dairy
Nat
Distillers
series A
F-A
1978
92
91%
92%'
38
82
93
J-D
107
107
107 V4
19
M-S
104%
104% 105%
196
103%
1073%
1949
M-3
103%
103% 103%
4
102 y2
103 %
1965
A-O
104 %
104
6
103 y2
105
1954
Af-N
Prod 3Vis debs_——*>1960
105%
107%
.
Prod
3%s„—,1949
3%s sinking fund debentures
Steel
National
1st
mtge
3s
lANaugatuck RR 1st gold 4s
Newark Consol Gas cons 5s_—>—1948
99%
*101% 104
J-D
t A New England RR gtd 5s„——1945
104%
J-J
*—
115%
'
1011%
95%''
17
84
92%
93%
23
84%
J-D
115% 115%
6
115%
;
gtd 4%s series B
—-—.-1961
N J Junction RR gtd ,lst 4s
—>1986
New Orleans Great Nor 5s A
,—1983
Af-N
126
5
122%
Ccnsol
J-J
NO&N E 1st ref & imp
J-J
New Orl
ref 5s
1st &
Orleans Term
New
f-A
4%s——1952
102% 102%
J-J
102%
941/4
8
100% 100%
102%
5
103
102%
J-D
gtd 4s>——1953
1st
847/e
*85
A-0
—,—*>1955
series B
5
101
93%
7
84%
96
of
ACertificates
Alst
53
of
ACertificates
of
ACertificates
5%s
A-0
of
of
79%
71%
2
72
21
72
821/2
77%
77%
7
71%
771%
F-A
>1956
—
75
76%
59
69
80
76%
74%
75
7
68%
78
83
81%
83
34
73%
86
80%
79%
80%
11
74
82
deposit——
A-0
>1954
deposit
20
—
Newport & Cincinnati Bridge CoGeneral
N "Y
&
Ref
&
Conv
N
4s series A_„„. .1998
Central RR
Ref
.2013
River
3%s
Ref
73%
743A
1.069
56%
743A
8iy4
80%
81%
242
63
813A
98%
98%
99
231
87
99
1997
J-J
95%
95
96
73
83%
96
1997
J-J
1998
F-A
.1998
F-A
.1998
F-A
.1998
F-A
1974
gold 3%s
registered——.—_—
registered
5%s
1st
series
4%s
Ref
i
——
A-O
78 3%
90%
*89
89
82%
■;
82'A
10
69%
84
77%
78%
14
65
781%
78
77,1/4
series
mtge 3%s
1978
C—
extended to
104%
M-S
97%
1947
A-0
1965
A-0
1071%
Dock
Y
1951
F-A
94%
1965
A-0
1966
A-0
1st
gold 4s
N Y Edison 3%s series D
1st
lien
&
3%s series E
ref
79I/4
20-
62%
791%
63
733/4
*73%
104% 1043/4
95%
98%
142
95%
428
87
105
98%
101% 102
79
101%
1023a
1071/4107 y4
11
105
1073/4
93%
781/4
*1081/4 108 3/4
109%
109% 109%'
1093/4
108%
53
947/a
1063/4
94%
109%
N Y & Erie—See Erie RR
N Y Gas El Lt H & Pow
Purchase money
N
Y
&
Harlem
goldJBs
1949
2000
F-A
1141/4 114%
II41/4
J-J
J-J
111
104
*105
1153/4
109%
110
110
Af-N
105%
102
103
2
102
104%
M-N
82
82
831/4
18
71
831/4
1973
Lack & West
Af-N
87%
87%
87%
12
77
89
57
56
57
30
46
60%
55%
28
453/a
60
59%
2043
_"„2043
4s
series A
4%s series B
tN
114%
J-D
>
1973
Mtge 4s series A
Y
1948
gold 4s
gold 3%S
Mtge 4s series B
N
*102% 102%
102% 103
Y New Haven & Hartford RR—
deb
4s
1947
M-S
ANon-conv
deb
3%s
1947
M-S
54
deb
3%s
1954
A-O
54
55%
24
45%
ANon-conv
deb
4s„——
1955
J-J
571%
553/4
573/4
52
46%
61
ANon-conv
deb
4s———1956
M-N
57
56%
573A
42
463/a
61
11
451/4
.
ADebenturc
certificates
AConv
6s
deb
3%s
1950
,***>*1948'
§ A Collateral trust 6s
—r*__»1940
J-J
■;
543/8
J-J
553/4
593/4
501/4
64
82
94
621%
61%
63
GO
J.
A-O
92
92%
.79
26%
271/4
157
163/e
58 3/8
60
240
481/4 (63%
*
309
:
•
ADebenture
4s_—
1957.
»
Alst & ref 4%s series of 1927
1967
M-N'
J-D
"t 263%
4s
'
587/a
•
1954
M-3
1955
Y Rys prior lien 6s
N Y Steam Corp
gold
ATerminal
.>
1st gold -5s
Y Telephone
HAN Y West
5s
Bost
J-J
F-A
F-A
M-N
1967
J-J
1st 4%S— .1946
J-J
.1966
Fnr
footnotes
see
page
2328.
M-S
26
1063/4
1091/4
108 % 108%
109%
109%
109% 109 3/a
*107%
M-N
—1948
—
series
&
Pere
1243/4
124% 125
J-D
A-O
103
102% 1031/s
110%
110% 111
27
106
J-J
110%
110% 1103/4
19
1053/4
—>1952
A-0
101% 102 %
133
99%
102%
1947
M-S
111% 111%
1
11C%
1121/4
102
111
A-O
75
75
75%
124
34%
34
35i/8
101
231/4
F-A
1952
series
F-A
1974
B
97
1
104
107
3
131
132
1
121
124
108%
M-S
111%
111
debentures
1st s f
HAPhilippine Ry
of
29%
105
1963
:
65
M-S
*106
6
110%
111%
10
102%
103%
65
26%
109%
38%
253
29%
61%
J-J
M-S
M-N
105%
111%.
103% 103%
1962
,
48
1081/4 109
1949
deb 6s»
Fhilip Morris Ltd deb 3s
131
123% 123%
f
J-D
>—1971
mtge 23/4s„
JPhiladelphia & Reading Coal—
Aref 5s stamped
——,—1973
82
J-J
*
94%
103
131
J-J
gold 4y2s series C„.—1977
Philadelphia Co coll tr 4y4s>
1961
Phila Electric lst-& ref 3%s
1967
101%
871/8
47
96'A
104% 104%
96
933/l
95%
J-D
General
953/4
93
1013A
101
107
93
M-S
Phelps Dodge conv 3%s deb„
phila Bait & Wash 1st gold 4s—
1013/4
J-J
1980
•;—
75%
363/4
105%
*106
J-J
1956 '
B„
ACertificates
111
55%
Apr
—1960
L
gold 4%s series C—
3s
86
Apr 1990
ext
4s
1st
AConv
115% 120%
9711 103%
A-O
4s
ref
22
1970
Marquette 1st series A 5s_*—1956
&
125
113i/2
1984
1st
1st
.
—1981
'
5s
104%
121
75
1968
1121/8 113
1191/2 120%
109
11
112%
119%
98%
Union Ry 5!/2s—*>1974
Pekin
General
108
49
F-A
1
B
4s—
series
108
10
1033/8 104 %
J-D
I9601
gold 4J/2s
Eastern
Peoria &
1033/4
—1965
series A
series
A-O
26
1081/2 1083/2
M-N
—_May 11948
C
,*,-1970
832
67
17'/a
29%
105
106%
105 3A
104%
1
105
1061/2
7%
10
10
9
>1937
4s
9
31
6 la
9%
F-A
101
101
5
100%
1011/4
M-N
*104
1031/8
104
104
112%
1041/2
112%
113
113 '/a
1133/a
115
122%
1231/2
10
J-J
deposit—
—1964
Phillips Petroleum 23As debs
10%
Pittsburgh Cine Chi & St LOuis—
4s guaranteed
D
Serifs
3y2s gtd gold
F 4s guaranteed
Series
G 4s guaranteed
Series
H
Series E
Series 1
guaranteed 4s
cons
guaranteed 4Vas—1964
cons
Gen mtge 5s series a
Gen mtge 5s
series B_.
Gen"4%s series C_
Pitts
Coke & Iron
Pitts
Steel
1st mtge
1st
1945
1949
1953
1957
1960
:—1963
43/2s
cons
J
Series
gold-.
conv
4%s A
mtge 4y2s
4%s series B
1st 4%s series A
F-A
*104%'
J-D
*112%
M-N
_>
»
113
113
F-A
*113%
F-A
*11223A '
M-N
"
*123%
*>
—
123
1231/2
J-D
120
120%
116%
A-0
*120
120%
116
1970
1975
—1977
1952
—1950
1950
J-D
104
J-D
103% 103%
1958
J-D
106% 107
J-J
M-3
120%
*120%
106%
t
IO71/2
102
*103i/2
104
5
102%
104
27
1013A
104
104
75
74%
75-
49
59i/4
75
1959
—1960
A-0
75%
74%
753/4
31
58%
75%
A-0
75%
74%
75%
11
58
Pitts
Young & Ash 1st 4s ser A
1948
gen- 5s series B
—2.
1962
gen 5s series C—
—t—1974
1st 4%s series D
1977
Pittston Co 5% inc deb
.>1964
J-D
F-A
1st
J-D
Pitts & W Va
1st mtge 4%s series B.
13Va
4%
67
14
4%
69
1
279
12
52
108 3/a 108%
'
**__
Portland
92
26 y8
109 y»
Gen Elec
1st 4%s
1960
,—1950
1st 5s extended to——
Potomac
El Pwr
1st mortgage
1st
102%
9%
4
52
106%
15
5%
1st
&
ref
mtge
1st
&
ref
mtge 8s*
5s_*
e
102% 1033/a
47
105% 105%
1
104%
109
IO91/2
13
100%
1023/4
*109% 1093A
*113
101%
M-N
1131/4
101% 101%
M-S
*253/4
noova
J-J
*1103/8
26%
__
*1471/8
J-J
105%
—
——
17
98%
->
1071/8 1071/a
M-N
93i/e
991/4 104
<~.u
110
•
30%
IOOV4
—
110'A
106%
1071/4
147%
13
1471/2
*1968
A-0
109% noy8
8
109%
111 3/a
Reading Co Jersey Cent coll 4s——1951
A-O
100%
1Q0
1003/8
25
97
100a/4
1997
J-J
1031/8
103% 104%
71
94
104%
1997
J-J
103 'A
103% 104%
25
941A
1956
J-J
107
1071/4
6
1041A
107%
JflfiO
M-N
102% 102%
10
101 'A
1021/a
Public Service
of Nor 111 3%s
69
1
105%
108
12
107 3A
1083A
R
25
15
20%
Gen &
10%
14
Gen & ref 4%s series B
11%
27
V
111%
15
25%
103
J-J
86
224%
15
109%109'/4
11
2243/a
50%
92
__
92%
92
6
34
110 Ya
__
2243/a 224%
30
92
,
J-D
49
110
■
—.
__
J-J
1968
'
„
J-J
1972
*.—2037
*—2037
■
,
'
F-A
4s—>——1957
i A Providence Terminal 4s
1956.
—
•
M-S
1951
ref mtge 3s—
*121
*
J-J
1960
t A Providence Securities
75%
107%. 107%
*107%
J-D
—1977
M 3y4s
3'As
Pressed Steel Car deb 5s
46
*10%
110%'
'
110
105% 105 3A
49
series C
1st mtge 4%s
Public Service El & Gas 3y4s
t -■
*111
J-J
1937
47/a
69
J-J
1943
3%s series B
&
1958
1963
1940
§ AGeneral
N
M-N
1937
stamp»*__
1st 3%s
HAN Y Susq & W 1st ref 5s
5 A 2d gold 4%s—
13 3/8
A-0
1965
105% 105%
J-D
1993
N
5s
1st &
M-N
1992
—
313A
'
JAHarlem River & Port Chester—
1st
108.y* 109
109 3/a
J-J
13t
102%
ANon-conv
ANon-conv
General
Series
A
Connecting RR 3%s A
Y
N
741/4
A-0
York Chicago & St Louis—
New
N
78 3/4
59
124
M-N
3%s
Mich Cent coll gold 3%s
3%s
78 3/4
77%
»
A-0
registered
Lake Shore coll
_■>■
2013
impt 5s series C—
& Hud
77%
■
.1952
impt 4%s series A
3%s
*103%
F-A
secured 3Vis
Cent
Y
J-J
1945
gtd 4%s—
4y2s
A Income
801/2
80 %
108'A
Peoples Gas L & C ref 5s:
83 3%
78%
78%
deposit
A„
series
ACertificates
78%
77%
1071/4
109%
F-A
sinking fun'd 4V2s„
General'
Peoria
70%
78%
105%
108%
—
mtge 4y»s series E:
Conv deb 3Vis*
75
80%
F-A
*———1958
Alst 4%s series D
Alst
*71
deposit———
C
series
5s
62
75
1093/a
27
Gen
102%
61
*71%
deposit^———
B———>—1954
series
ACertificates
Alst
A-0
inc 5s series A>——1935
1093/8
14
108 % 109 %
1974
General 4y4s series D
105
25
101% 102%
103
4s
33As
Debenture
100%
1041%
1
103
*
103
101
gold
mtge
Cons
fNew Orleans Texas & Mexico Ry—
§ANon-cum
Gen
,
5s series A—1952
1st
Pud Ser
126
106
109
■
sterl stpd dollar
4s
126
1st
%
debentures-
107%
106
—
F-A
'
117%
93
J-J
D_„_1968
ser
*104
106%
50
^*>1969
series B*»»»—1981
33As
103%
106% 106%
Pennsylvania RR—
93i%
J-J
ref
&
4y2s
95i%
gtd 4S—
——,1945
New England Tel & Tel 5s A_
1952
A Consol
ref 4%s
&
1st
Penna Power & Light 3y2s>
116
115
94%
1st
..
4s
1
87
95
1091/2
111
393
18 3A
31
1
108 34
O CO
12
ref 4%s series A—
Remington
Rand deb 3y2s
Revere Cooper & Brass
3y4s
HARio Grande West 1st
Alst
cons
&
gold 4s„1939
coll trust 4s A
1949
J-J
93
92%
931/4
A-O
58%
55 »A
59
8
127
104%
81
95
44%
59
Monday, June 5, 1944
CHRONICLE
THE COMMERCIAL & FINANCIAL
2328
NEW YORK BOND RECORD
Last
Interest
Exchange
Stock
or
Low
No.
ft
Gas
M-S
'
__
•125%
111 Vi
111%
*108Vi 109%
1083/4
Gas &
Elec 1st
gold 5s
39%
4%s——1968
1947
1998
Ltd 1st M
13
1
11%
Bt
ZQ
33
12
19
14
tSt Louis Iron
Af-N
1943
1959
1967
F-A
Francisco Ry
San
*
J-J
--
&
Devel
ft
gen
1
34%
36 Va
758
28%
35
35%
56
28 %
58%
60%
163
59
38%
102
*128
102 %
65
102%
105
15
109
110%
106
107
10
100 3/4
104
19
1013/4
104%
J-D
.
109% 109 Va
*106% 1093/4
104
103
F-A
103% 1033/4
1033/4
105 3/a
M-N
*101
101 Va
102 Va
M-N
*1013/4
102%
102%
M-N
*100%
lOOVa
101 Va
1 1950
M-N
*1013/4
101%
101 Va
101%
102
M-N
*101 %
101 Va
1 1952
1 1953
1 1953
1 1954
1 1954
11955
M-N
*101%
101%
M-N
*101% 102%
101%
101%
M-N
*1013/4 103%
1013/4
103
..1951
1959 '
A-O
May
—
...NOV
———
May
Nov
2.65s
May
;
—
United Stockyards 4V»s w w_
33/4S d"ebs__
Universal Pictures
M-N
*101% 102 %
101 %
1023/4
10
101%
102%
38
98%
99%
*101% 102%
M-N
101%
102
M-N
*1023/4
102% 102 3/4
99 %
98%
98%
Af-S
1953
1957
F-A
*1083/4
M-N
*112
1968
M-S
'.■110% 111%
Coal & Coke 1st gold 5s__1949
Af-S
Virginia Pub Serv 1st mtge 33/4S__1972
Va ft Southwest 1st gtd 5s
:—2003
1st cons 5s
1958
F-A
Vandalia RR cons g 4s
series A
126%
128%
64%
43%
68%
Va Elec
ft Pwr 3%s series B
64
64 Vi
62
43
69
Va Iron
293/4
30%
59
21%
32 5/a
20
20
31
354
28%
43 %
i
39
27%
42
Virginian Ry 33As. series A
*64%
30%
283/4
40 3/4
40%
42
393/8
40%
M-S
55
56
39
23
373/4
J-J
100
J-J
101%
*101
F-A
40
*55
102'/a
F-A
103 5/a 103 5/a
5
103
J-J
105% 106
105%
*124
123
107
108 3/4
105%
1073/4
95%
101%
94
107% 107%
101
h
110
ft 101%
*101
101%
MS
89
88
89%
213
69
893/4
MS
84 3/s
84
85
161
665/a
85
Af-N
83%
83
84%
178
Af-N
83 Va
82%
84
147
653/a
75
101%
3Q2
91Vi
A-O
106
J-J
1007/a
J-J
'
%
105% 106 »/a
100% 101
.
84%
65%
84
106 Va
101
—-
■
J-J
87
181
73%
104
102% 104
45
92%
104
108
105
21
96
108%
A-O
A-O
J-J
85%
7
105%
105% 1053/4
J-D
111
111
J-J
107%
107% 107%
M-N
111%
111% 111%
Apr
103%
J-D
10534
103%
103% 103%
M-N
106%
110%
■
107%
110%
i*
103 Va
1
„
1st
B
S
103%
31
100%
104%
A
of
Certificates
Wisconsin
18
68
78
56
101%
19
95%
25
38%
51%
50%
*101
F-A
*101
J-D
*1173/4 118
J-D*
101
__
101%
101
_.
101
118
1183/4
108%
109%
109%
1053/4
111%
17
110%
112%
96
88%
Af-S
J-J
111%
111
A-0
100%
J-J
105%
Af-S
100% 101
13
953/a
131
77%
107
1073/a
;;105Va 106
117
101%
105 Va 105%
111
91%
.-
Af-N
1073/a
J-D
105%
Af-S
105%
M-N
30
102
107 Va
100%
105%
101%
71%
J-J
M-S r
72%
76
553/4
68%
713/4
69%
32
53
A-0
J-J
101%
1033/4
116Va
116 Va
267
57%
.74%
2
60 Va
59
16 Va
*116Va
69
Af-N
; 173/4
723/4
68
17%
71%
98
913/a
10
973/8
J-J
1113/4
72
97%
103% 103%
.97%
103%
72%
69%
110%
*111 Va
Af-S
99
107%
101
*1013/a 1013/4
J-J
101
98%. 105 %
1043/4 105%
95
68
deposit
51%.
102
—
109
1093/8
78%
102
98
*101%
F-A
1960
.
100 % 102
deposit—
18%
70
22%
18
153/4
.......
A-0
110% 110%
3
109 Va
110%
1971
J-J
107% 107%
1
1073/4
108 3/,
1948
M-S
101 3*2
101 &
4
101 &
104
f 3%s series D.j...—1960
M-N
103%
103% 104
49
101%
104'/a
—.1968
Wisconsin Elec Power 3%s
1033A
80
77 Va
Q-M
SASu ft Du div ft term 1st 4s—1930
1053/a
102 3/a
of
ACertificates
1
82%
78%
74%
1949
4s
J A Wisconsin Central 1st 4s
,
1,105%,106%
:
*102% 103'A
—
60
104
..^.104% 106%
3
.'(J •'
106% 106%
■■.
Winston-Salem
1113/4
53
102%
-r- 21
103
80
77%
F-A
Wheeling ft Lake Erie RR 4s—
1949
Wheeling Steel 1st 3%s series B—1966
Wilson & Co 1st mortgage 3s
1958
112%
106 Va
40
"
M-N
106
5
1053/4 106 Va
J-J
100%
2
57%
103Va 1033/4
——
110
4
55
'
111
A-O
2361
2361
Registered
10
111
F-A
100%
17
1093/4 110
..
J-J
108%
97
-
109%
Apr
—1960
1951
30-year ;5s——
Westinghouse El ft Mfg 2Vas
West Shore 1st 4s guaranteed
87
87
80
11
Apr
mtge 4S inc series A
—
114%
105
48
112% 1135/s
A-O
:
109% 109%
103%
J-J
,
101
49
97
102
'
AGen
124
*108%
v,
■
1971
.—1981
mtge inc 4%s ser B
1991
Walworth Co 1st mtge 4s
1955
Warren RR 1st ref gtd gold 3%s__2000
Washington Central Ry 1st 4s
1948
Washington Term 1st gtd 3%s
1945
1st 40-year guaranteed 4s
1945
Westchester Ltg 5s stpd gtd
1950
Gen mtge 3%s
;
1967
West Penn Power 1st 5s E
..1963
1st mtge 3%s series I...
—1966
Western Maryland 1st 4s
1952
1st ft ref 5%s series A
1977
tAWestefn Pacific 1st 5s ser A—1940
Western Union Telegraph Co—
/
Funding & real estate 4%s__—1950
25-year gold 5s
—1951
AGen
106%
A-O
J-D
96
111
100
-
109%
*
103 5/a
A-0
J-J
95%
97
,
Jf-fl
4s series A
1st mtge
1053/a
103
19
II
*102
W
Wabash RR Co—
65%
52%
62
3
103%
111%
102
103 Va 103%
A-0
112
90
110%
A-0
1966
112
109%
__
-104%
*96
J-J
54
100 %
101 Va 102
101%
f 4s series B—
62
42
*36
s
60
42%
30
38
39
F-A
1968
23
104% 105
105 Vi
F-A
—■19'*
104% 105 %
104 %
1033/4
__
28 3/4
ASpokane Internat
Stand Oil of Calif
104 Va
1043/4
38%
*102%
*104% 104%
393/4
.1964
108 3/a
A-O
■U-N
313/4
30%
138
37%
36%
37
107 Va
A-O
Nov
2.60s
99 Va
v.
22%
35
-
2.50s
60 %
92
*98
51
May 11952
i
2.45s
793/4
107% 107%
A-O
...Nov
—
2.40s
83%
57%
107%
May 1 1949
1 1949
2.55s
70%
793/4
104
J-J
-Nov
——
2.35s
106
97
16
82
77%
102%
May 11950
v.
2.20s
373/4
37%
13
80%
79 %
M-S
1996
1951
1st gold 4%a,-2013
2%s debs
1966
Standard Oil N J deb 3s_———^961
2 3A debenture
—
1953
Superior Oil 3Vis debs—-—
1958
Swift & Co 2 % s debs
1961
,
14
1952
—1958
5s.
2.15s
!
9
102 s/a 103
Corp—
Serial debentures
r * 2.05s
2.10s
102
106
105
81%
A-0
1956
1956
1956
6s
gen
6Vis
Mem Div 1st gold 5s_.
Bt Louis Div 1st gold 4s
Southwestern Bell Tel 3Vis B
1st & ref 3s series C_._
Southwestern Pub Serv
Devel
48 Va
45%
A-O
1994
5s
36 Va
45%
.[■
'
Steei
106
104% 105
102 %
1955
3%s debs
States
'i" Cons
r--r
—
49%
46
A-0
1955
gtd 4s
1st ref
36%
42%
39%
M-N
*y81
1950
Stamped
160
40%
105
F-A
1969
*»"»
South Pac RR
44
A-0
1977
Southern Ry 1st cons gold
Devel & gen 4s series A
132
323/4
Af-S
*949
1st 4s...
45
1.006
43
J-J
Aiug 1949
ill
Fran Term
94
33
•
J-D
Amrl04Q
Gold 4Vis
San
89%
93%
40
J-J
1952
1950
1964
1963
1962
Gold 4Vis
100
J-J
J-J
112
193/4
19
103%
J-J
1947
;
1970
___.__1971
198U
United Cigar-Whelan Stores
United Drug
United
97(4
3
35
M-JV
1954
1961
1941
Lines) A
(Oregon
1st 4Vis
% 943/4
35%
.
-—
ia ltf
Pacific Co—
4s (Cent Pac coll)
4s registered
81
45 Va
M-S
1933
debentures
3s
0'
42 s/8
■
certificates
1989
bond ctfs
Nov 1989
jAlst term & unifying 5s—1952
A Gen & ref gold 5s series A..--1990
Bt Paul & Duluth 1st cons gold 4s_1968
t ASt Paul E Gr Trk 1st 4%s_J—1947
t§ASt P & K C Sh L gtd 4Vis
1941
Bt Paul Union Depot 3%s B
1971
Bchenley Distillers 4s s i deb
1952
Scioto V & N E 1st gtd 4s
1989
^Seaboard Air Line Ry—
1Q-n
-$ A 1st gold 4s unstamped
1950
§A4s gold stamped
ijau
{A Refunding 4s.——iy5>*
ACertificates of deposit
A 1st cons 6s series A—.
—ACertificates of deposit.
tfiAAtl & Birm 1st gtd 4s.
1933
$ASeaboard All Fla 6s A ctfs
1935
Southern
95
42
bond
certificates.,
Shell Union Oil 2Vis debs
23/4S sinking fund debentures
t§ASilesian-Am Corp coll tr 7s
Simmons Co debentures 4s
Skelly Oil 3s debentures..
Bocony-Vacuum OH 3s debs
South ft Nor Ala RR gtd 5s_.
6outh Bell Tel ft Tel 3 Wis
943/4
*93
'
J-J
Louis-Southwestern Ry—
series B
4
97
94
15
98%
97
■
-
993/4 100
J-J
2d 4s inc
A 6s
'*
,
943%
M-S
—
4s
97%
98
'
111
*111%
-
land
United Biscuit 3 Vis debs—
100 %
993/4
95%
Pacific RR—
&
grant 4s
34-year 3%s deb
35-year 3Vis deb—.
Ref mtge 3%s series A
71%
J-J
A—deposit
-1950
APrior lien 5s series B__.
ACertificates of deposit.
-1978
ACons M 4Vis series A__—....
ACertificates of deposit stpd.
A
1st
73%
125
5s
debentures—
Union
62%
-1948
-1950
lien 4s ser
ACertificates of
1st
106
63
APrior
$St
3s
A-0
$ASt L Peor & N W 1st gtd 5s... -1959
St L Pub Serv 1st mtge 5s_——-1955
Bt L Rocky Mt & P 5s stpd——.
$St Louis
106
*'•
deposit—
ACertificates of
107%
—
U
107
J-J
„_1933
stamped
4s
A 1st
105
107
107
107
M-N
1063/4
104
„
A-0
Mountain & Southern
Gull Division
River &
103%
*1143/4
—1971
—"
OS—
KOiU
lOP/a
*107%
16%'
15
13
14
J-J
Grand Island 1st 4s
Lawr ft Adir 1st gold 5s
&
St Jos
10
J-D
.
50
47 Vi
$§ A Union Elec Ry (Chic)
Union Oil of Calif 3s deb
Saguenay Pwr
High
Low
10
101%
Af-S
1953
Union Electric Co of Mo 3%s
50
47
j-J
A-O
January 1
No.
109%
47%
J-/
"
—
Tri-Cont Corp 5s conv deb A
MS
Hiah
102% 102%
A-0
1949
Range Since
Sold
103% 103%
A-O
1950
1st gold 4s__1946
Buff
Ham &
Trenton
<
1st 4$
St Louis & West
Toronto
Bonds
Friday's
Low
M-S
M-S
or
Sale Price Bid & Asked
High
*111 Vi
M-S
Week's Range
Last
Period
January 1
Toledo
Elec Corp—
Gen mtge 4%s series D
1977
Gen mtge 3%s series H—
1967
Gen mtge 3Vis series I
1967
Gen mtge 3 Vis series J—
1969
$§AR I Ark & Louis 1st 4Vis.-—1934
$ A Rut-Canadian 4s stpd
—1949
$5 A Rutland RR 4Vis stamped
1941
Rochester
Interest
Stock Ex change
New York
Range Since
Sold
High
Low
Friday
BONDS
Bonds
Friday's
Sale Price Bid & Asked
Period
2
Week's Range
Friday
BONDS
New York
ENDING JUNE
WEEK
FOR
RANGE
Public Service 3 %s
A
1951
1944
1953
Ret
impt mtge 3%s series B..1974
ft
112%
106
J-J
118
111
106
13
105%
106
91%
102
J-J
refund
cons
5s
f gold 4s
s
Youngstown Sheet ft Tube—
118
20
F-A
Terminal Assn St L 1st
Gen
112 V8 112%
J-J
Tenn Coal Iron ft RR gen 5s
*118
120
Conv deb 4s
103
106
1st mtge s
Tcxarkana & Ft Smith 5Vis A
1950
F-A
101%
101% 101%
26
Texas
1959
A-O
106 %
106
106 Vi
17
105
106%
1965
Af-N
105%
105 5/8 1053/4
15
105%
106
2000
J-D
115%
120
3s deb
Company
debentures
3s
Texas
.
Pacific 1st gold 5s
at
*118% 122
A-O
94
93%
5s
series
C
1979
A-O
94
93 s/a
5s
series
D
1980
J-D
933/a
93%
94
1964
M-S
96%
79%
95 V2
80%
96
94 Va
ref
ref
Tex Pac Mo
Third
A
Ave
Ad)
series
5s
Pac Ter 5'is A
1st ref 4s
Ry
1960
Jan I960
income 5s
Tol ft Ohio Cent ref ft impt 33/4S__1960
57
J-J
81
80
81%
58
A-O
34%
34
35%
249
J-D
*102% 103 %
;
,
,
tThe price represented la the dollar quotation per
Accrued Interest payable at the exchange rate of $4,8484.
200-
receivership, or reorganized under Section 77 of
Bankruptcy Act, or securities assumed by such companies.
,
•Friday's bid and asked prices; no sales being transacted during current week.
^Companies reported as being in bankruptcy,
the
83%
71
37%
30%
96%
eOdd-lot sale not
r Cash sale
dEx-interest,
Under-the-rule sale not Included In the year's range,
§Negotlabillty impaired by maturity.
pound unit of bonds.
112
108
110
n
not Included In the year's range.
81%
94%
ref
&
ft
Included in the year's range.:
33
1977.
ft
Gen
Gen
delivery sale not included In the year's range,
-aDeferred
%
110
B
Gen
101 Va
:
ABonds selling flat.
102
NEW YORK CURB EXCHANGE
WEEKLY
NOTICE—Cash
and
deferred
footnote
a
May
in
In the
In
following extensive list
27,
the
and
week
ending
include every
in
the
present
we
furnish
Friday
2,
1944).
security, whether stock or bond, in which
STOCKS
York
Curb
Friday
Last
Exchange
Sale Price
It
any
is
compiled
Low
Par
Acme
Aero
Wire
Mfg
Inc
Investors
Convertible
common
Electric
Alabama
Great
Appliance
Southern
Alabama Power Co
$6
preferred
Allegheny Ludlura
preferred
For
2
preferred..
Air-Way
7%
500
$7
50
preferred.—!..•
"•
Steel™
see
page
8%
9%
Curb
York
"3%
4
2
%
2%
2
35
High
Alles
& Fisher Inc common—
26
Mar
21
Jan
Allied
Intl Investing $3
Apr
4
Feb
Allied
Products
Feb
9
Feb
93/a
Jan
4 Vb
63/4
2%
98
2
% May
Jan
Class
A
conv
Aluminum Co
6%
2333.
conv
(Mich)
new
preferred
common
1,000
2
Jan
2%
Feb
Aluminum
Goods
100
35
Jan
35 3/i
Jan
Aluminum
Industries common
2%
Apr
3 % May
2,200
98
10
89
Jan
102
10
114
Feb
118%
118% 118%
104% Mar
May
Mar
Aluminium
6%
Ltd
pfd
1
•
10
•
100
37,800
3
for Week
Shares
.
Mfg
;
common
•
•
•
_100
preferred
American Beverage common
34
112%
.—
24
24
Central
Mfg..
1
1
1
Low
High
May
Jan
25
Apr
28
Feb
34 %
Jun
27% Mar
300
18%
80%
96 Va
850
733/4
—
95%
2
17
Feb
4,300
78%
—
Jg,h
22%
23%
100
32% 34%
112% 112%
19
19 Va
78%
100
Co
Book
American
No.
8%
—
1,700
2
34%
8%
109
9
200
Jun
1063/4 May
Range Since January
High
25
common
%
35
Sales
Range
Low
Apr
1,600
Week's
of Prices
'
2 Va
4
Last
Exchange
Sale Price
J an
33/a
x8%
35
Friday
STOCKS—
700
Saturday,
itself, and is intended to
2
American
100
—
footnotes
~1Q
I..II.3
JUNE
20
3%
i
Corp
ENDING
22
3%
II..5
(N J)
Accessories
WEEK
New
Low
10
common
FOR
Range since January 1
High
"_1
J
Associates
Aircraft
Air
common
B
Ainsworth
Air
Co
Supply Mfg class A
Class
Shares
Exchange for the week beginning on
dealings have occurred during the current year.
for Week
Range
weekly range are ehown
.
entirely from the daily reports of the Curb Exchange
Sales
Week's
of Prices
week, and when selling outside the regular
,
complete record of the transactions on the New York Curb
a
(June
RANGE
New
RECORD
YEARLY
AND
delivery sales are disregarded in the week's range unless they are the only transactions of the
which they occur.
No account is taken of such sales in computing the range for the year.
95%
Mar
Feb
112% May
19V2 Mar
10 Va
Jan
Jan
84
Jan
Jun
103
Feb
May
200
1V8
Jan
2 % Mar
34%
10
28%
Jan
34 Va May
9 Va
2,300
5%
Jan
9% May
2
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4287
159
NEW YORK CURB
RANGE
Week's
Friday
KTOCKS—
Last
Exchange
York Curb
New
Class
10
10
Foreign Power warrants-
37%
&
Fork
American
Gas
Hoe
8i
109%
20
25
25
100
Mach
American
Laundry
Americr.n
Light & Trac common
preferred
Mfg
Co
common
100
1
Preferred
Maracaibo
American
Co
Potash
10
2
10c
Republics
American
American
Amer
Chemical—
&
Seal-Kap
common
Corp
Superpower
com
preferred
$6 series preferred
1st
$6
American
Thread
American
Post
Anchor
Fence
7%
•
100
1
preferred
class
6%
A
1
111
Jan
107
Carman
Mar
Art
41'A
Jan
43%
Carolina Power &
14%
Apr
xl8
Mar
$6
25%
Feb
30
May
Carrier
Feb
18% Mar
500
29%
150
'17%
1,300
16%
Jan
Carter
1
1%
43
Feb
97
May
Catalin
1% Mar
Central
Central
New
46% Mar
Central
Ohio
Jan
27
Jan
40
13%
13%
3,700
10%
Jan
15%
Apr
Central
4%
4%
500
3%
Jan
4%
Apr
Central
%
13%
%
2,900
%
Jan
v
"%
107*
107
14%
50
15%
105
2,200
14
May
18%
Jan
Charis
Jan
&
Refining
Associated
Breweries
Associated
Electric
American
of
4
% Mar
5%
4%
6
6,900
4%
Jan
6
Mar
2%
2%
3
400
2% May
3%
Jan
2%'
2%
300
2% Mar
3
Jan
17%
500
107%
170
jam
13
Feb
18%
&
Canada
4%
1,500
Apr
4% May
2,000
3
May
4% Mar
60c
preferred B
•
7,100
3
May
4% Mar
$6 preferred BB
•
300
9%
Jan
106%
40
97%
Jan
106%
Jan
City Auto Stamping
City & Suburban Homes
8%
8%
1,800
7%
Apr
9%
Apr
Clark
10%
10%
100
7%
Apr
6%
6%
700
5%
Jan
8%
8%
100
6%
Jan
%
%
%
Jan
6%
10%
•
10% Mar
Claude
10 % May
6%
Cleveland
A
RR Co
Atlantic
Coast
%
100
75
Coast
Line
pfd—100
Fisheries
Atlantic
Feb
Club
Apr
Cockshutt
80
Atlas Corp
1
9
9%
X46%
800
47%
350
Feb
Colon
12%
2
warrants
Drop Forge common
Atlas
Plywood
5
1%
8%
8%
11%
~5% fl%
200
Products
Feb
Colonial
Voting
(B F>
69i>
Machine
& Sons common—
preferred
Patoka Collieries
7-To
preferred™
Rubber
Baldwin
Barium
Steel
Barlow
&
Corp
Seelig
7%
(L)
A
Brummel
Bellanca
Aircraft,
&
Convertible
Bickfords Inc
Bliss
Blue
(E W)
common
Ridge Corp
Feb
23%
Apr
Jan
14"% May
V
t
extended to
c
4%%
Mar
25
.
Bohack
1%
(H C)
Co
Consolidated
Gas
40%
Feb
Consolidated
7
7%
500
6%
Jan
7%
Jan
Consolidated
Retail
2%
2%
17,100
2
„tJan
15%
100
13
Feb
X4%
X4%
1,700
100
35%
80
U
%
Inc
2d
14%
50
8%
9%
12%
2%
47
2%
47
—100
preferred
Corp
_•
;
Lgt & Pwr
72
13%
96
6%
Jan
Jan
127%
Textile
7%
132
Jun
34
Jan
37
Jan
$6
1%
Jan
Cosden
Jan
14%
Feb
5%
Apr
1%
9 % May
15%
10%
Jan
Mar
3
Jan
Jan
10
1%
20%
1
11%
3/64
Mar
Jan
23
Mar
1
May
Jan
11%
600
1,900
116
4
5
Feb
69
Mar
1,500
105
700
7%
1,800
"1% 1%
100
117% May
110 % Mar
Feb
4%
6
Jan
32
36%
Jan
6%
Jan
1%
Feb
36% May
8Ve Apr
Jan
114%
7
Jan
Jan
63% Feb
113 % Feb
10
36%
Feb
1% Mar
33 %
Jan
Jan
Jan
'■*
■
American
Creole
Croft
Cork
Crown
Drug Co
Jan
27
Mar
Apr
12
Jan
%
Jan
12%
6%
1%
1%
20%
800
1
3,300
11%
800
9)% Jan
12%
Feb
8,400
11% May
3%
Jan
10% Mar
106% May
6
6
130
100
Mar
350
12
Apr
1,150
106%
13%
13%
13%
6 %
105
106
/
1
:
common
preferred
2
30
14
Jan
1%
500
87
84
Jun
6% May
Jan
12
1%
86%
87
-
13%
5% Feb
%
1
Apr
2% Mar
Jan
Jun
87
Mar
2%
2%
700
2
Feb
2% Mar
26%
26%
100
23
Jan
29'A Mar
24%: 25%
2%
SO.__
3,300
24
1
(Md)
1
1
•
9%
9%
1%
2,400
'
3%
1,800
•
12%
13
2%
25o
convertible
preferred
Crystal Oil Refining common
$6 preferred
13
2%
Jan
10 %
400
Jan
1%
Feb
10% May
4%
14
Apr
Mar
Jan
2
1,000
24%
—25
.
Jan
3%
10%
28% Mar
Apr
% Jan
5
A
common
8% Mar
7% Apr
y
25%
—
3
International
Crown
Mar
10%
Jan
9
_•
Petrol
11% Mar
100
3%
2,200
*
Milner & Co
105
400
May
4,200
9%
12
50
Cent
Jan
500
4
1,100
3%
9%
dep receipts (ord reg)—£1
80
%
May
3%
•
Brewing 'Co
Crown
11%
Apr
May
3%
100
Petroleum
Crowley
%
2
12
9%
12
—*
Petroleum
14% Mar
Feb
115
9%
1
Varnish Co
convertible
48% Mar
Jan
1%
;
Courtaulds Ltd—
8% May
Feb
43%
71
Jan
20% Feb
% Apr
10c
.
& Reynolds
preferred A
% May
Feb
200
Co_
Cor; .on
Apr
900
4%
~4% ~5
*
Coro Inc d
Apr
6%
Jan
3^
350
66'A
116
-10%
Range Co
Cornucopia Gold Mines
35
6%
56%
400
100
Oil
Corp
preferred
prior
Feb
11%
160
.
65%
•
1
Fdy & Machine Co
Cook Paint &
4 % Mar
50
21%
4%
66 %
1
Copper
23% May
700
2,300
■■/;
3*2
•
Continental Gas & Electric Co—
May
Apr
12
47% Mar
May
% Mar
Ltd—&
Stores
Steel
Consol
14% Mar
14% Mar
21
11%
%
-•
2% Mar
Apr
25 % Mar
Jan
Apr
Jan
■
-
Jan
35
_100
Smelt
&
Royalty
Continental
Jun
9
Apr
12%
11%
3
Apr
9%
100
preferred-
24
•
common
Jan
5%
4% May
7%
13%
•
Jan
2%
33 %
•
Utilities
Consolidated
Apr
Apr
1,100
2%
48
96
•
•
common
Brazilian Traction
Breeze
8%
3% Feb
Jan
2,400
14%
9%
*
9%
900
"
16 %
4%
65
-
1
preferred series C
30
30
132
25
1st preferred
$5
8% Mar
2%
50
12%
Scrymser Co
7%
40
200
100
Bourjois
Co
common
Mining
8v
Feb
400
•
preferred
Jan
•
common
Bowman-Biltmore
series B
Feb
8%
1st preferred
Borne
Biscuit
6%
72
Feb
10% Mar
6%
•
common
;
39 %
20% Feb
3%
Jan
Jan
4% May
6% Apr
1
1946
Coke Secur
preferred
50
%
2% May
100
.
6% May
Compo Shoe Machinery—
40 %
14%
1
common
66%
21 Ve
8,500
35%
14% Mar
1
1
optional convertible preferred
Blumenthal (S) & Co
64
Water Service
•
$3
66
100
Southern
&
1,900
132
17% May
Jan
1,800
Community
23
com—*
;
37
Jan
14%
1
Birdsboro Steel Fdy & Mach Co
Blauner's common
35%
9%
23
1
;
36%
25
May
14%
•
common
3
3*2
*
Berkey & Gay Furniture
7%
21%
23
100
preferred
7%
25
1
;
;
common
37%
Feb
10
wan ants-
10
common
Hedges
7%
2%
preference
6%
8%
Apr
11%
,
2,600
Service
5%
Commonwealth
23%
72
1
Tel of Canada
Bell
Benson
4%
Public
20
common
convertible preferred
$1.50
2%
4%
Community
Jan
2%
4%
100
Ties—
Mills Inc
Beaunit
2%
4%
Apr
6%
•
31%
50
2,900
•
5
•
1st preferred—
Beau
2%
1
—
17%
*..
Arms
15%
7%
—5
common
common
33
17
'
warrants
Consolidated
Refractories Inc
Baumann
Co
33
17%
Jan
100
6 %
33
*
4
11
6 %
5%
Mfg—
convertible
$1.20
Basic
1
common
Jan
Mar
9
Electric—
40%
1
Co
Jan
%
Apr
Mar
8% May
Jan
%
200
*
common
Consol G E L P Bait
-30
6% Feb
May
22%
Jan
12 Vs
Jun
12'A May
110
Jan
1
&
115%
Jan
Feb
Gas
Consolidated
23
Jan
7
4%
"•',"11
6%
Jan
85%
100
8
9%
4 %
—
Jan
8%
150
18
ordinary
Fire
92%
600
12%
8
1,000
8
23%
common
3,600
11%
107% 110
1,300
Baldwin Locomotive—
for
f7% Mar
8%
b
warrants
53% May
11%
$3
Purchase
Jan
Jan
Columbia
Jun
8% Mar
Feb
May
8% May
94%
13%
1 %
Conn Gas &
Babcock & Wilcox Co
113'A
100
Airlines
Patent
fs Mar
Jan
975
5%
25
1
—
Ayrshire
Colt's
Jan
2
Jan
Jan
23,600
9%
•
5
Avery
Illuminating—
Colorado Fuel & Iron
47"% May
Jan
6%
600
16%
4,700
2
1
Automatic
8% Jan
31
82
500
43%
4
common
Co
225
8%
■
1
Utensil
Plow
94%
Jun
116
1
Corp
Development
Jan
15%
3%
1
Corp—
Automatic
Jan
Coal
Aluminum
lVa
3
2% Mar
75
50
Co
Atlas
Electric
Clinchfield
8% May
97
40
•
:
Lights Inc
& Lambert Mfg
Cleveland Tractor
•
Jan
50
Apr
10
Co
Neon
Clayton
Apr
—
—
Controller
Jan
8
14%
111% 115%
109
10%
7% Mar
'A
17%
„
4
£1
reg
Coast
15%
•
8%
A
42%
10
% Mar
9% May
Apr
Jan
X116
8%
—100
common
preferred—
116% May
Apr
Feb
13%
&
3%
105
50
91%
4
1
Jan
May
7%
200
X116
4%
106
7%
14%
9%
99% Mar
10
% Jan
100
7%
13%
5
*
8 V4
Jun
6
3,400
13%
!
3%
'
Birm
Service
Cities
Mar
110
Co
Mining
§Childs Co preferred
8%
13%
21% May
4'A Jan
96% May
8% Jan
8%
-25
Consolidated
.
7% May
180
112
3%
4%
Feb
2,000
8%
Co__5
Chicago Rivet & Mach
Jan
May
3% May
1,600
8%
_5
Chesebrough Mfg
Chicago Flexible Shaft
7%
98
5Qo
10
Jan
17%
8% Mar
10
100
common
3%
•
Atlanta
ofd
3%
1
Co
class
7%
97%
common
100
•
Tel
7%
97%
l
4
107
Feb
16% Mar
3,800
•
Utilities
4
107
May
111
I
3%
Associated
&
Corp
117
Jan
20
$6
Associated Laundries of America
Tel
West
Jan
Jan
1,000
pfd—100
com
5%
Co
4
Industries—
dep rects
Elec
Prooucts
Metal Weather Strip
Cherry-Burrell
13%
~4% ~4%
4%
l
Light 7 %
South
A'rcraft
Chamberlin
Jan
111
&
&
Power
Steel
Power
&
Cessna
A Jan
Gas
York
May
12%
2,400
10
America
Hudson
May
Apr
1
22%
100
of
15%
12%
13%
•
& Co
Corp
Feb
9 %
48%
8% Mar
15
15
—1
com
Products
(A M)
Apr
Jan
89% Feb
2,700
26
Co
Castle
25%
26
W)
25
Jan
May
114 % Mar
•
I
3
new
Metal Works common
Oil
(J
Feb
108%
•
common
Casco
Jan
26%
Corp
35%
20
Light $7 preferred
preferred
Jan
2
14% May
Feb
7%
Co
2.50
preferred
Ashland
41
Carnation
144
Jan
X23
•
Class B
37% May
17%
Apr
Apr
5% Mar
12% Jan
_•
6 % Mar
Jan
29%
5%
Jan
1%
1,200
A
class
Jan
15%
1%
1%
common
Co
5%
17%
97
1%
•
10
non-voting
Equipment Corp
&
Products
34%
200
97
1%
•
City
106%
2%
Arkansas Power & Light $7 preferred-*
Aro
100
Capital
250
Feb
4%
4% Mar
Canadian Marconi—
300
17
100
144
28 %
6%
17%
4%
•
•
Arkansas Natural Gas common
Common
voting
17% May
37%
21%
Industries Ltd—
Jan
Chief
Apex-Elec Mfg Co common
Appalachian Elec Pwr 4%% pfd
Argus Inc
-———-I—
non
45/8
•
Jan
Apr
High
Jan
Alcohol-
voting
15%
6 %
1
Angostura-Wupperman
B
Low
21
26%
Xl08% 109%
15%
common
Class
Range since January 1
High
23
6,600
37%
•
3
*
preferred
Paper
A
Canadian
Jan
1%
Apr
Industrial
Class
41% Feb
preference
400
27%
6VB
*
5%
%
27,100
Canadian
Feb
45
Feb
3 6 % May
37 %
__————2
Writing
1
17
26%
*
*
American Meter Co
American
6,400
%
100
Corp common.—lOo
preferred
1
$2.50 convertible preferred
1
American Hard Rubber Co
25
6%
2% Mar
37%
16%
General
American
41% Mar
Apr
3,300
36%
26%
convertible
$2
Jan
400
2%
38%
10
preferred
4% %
American
35%
39%
Low
Shares
& Foundry Ltd—
Participating
44% Mar
2%
"
common
Electric
&
38% Jan
for Week
of Prices
Par
Car
Sales
Range
Last
Hnin
100
class A
non-voting
American
41
38
39'A
Cyanamid
American
39%
23
25
-1
A—;
A
Class B
Low
Week's
Friday
Exchange
Sale Price
Canadian
Class
American
New York Curb
Range since January 1
& Light—
Power
class
Convertible
STOCKS
Sales
Shares
Hiah
Low
Par
Cities
American
EXCHANGE
WEEK ENDING JUNE 2
for Week
Range
of Prices
Sale Price
FOR
2329
19%
Xll
% Mar
10
Feb
11%
Jan
23%
20,400
19%
Apr
23%
Jun
8%
900
3%
Jan
8% May
2 %
Apr
3
Feb
8% "May
9
May
10
•
.
18%
Jan
17% Mar
Cuban
Atlantic
Sugar—
5,
Jan
3 % Mar
Cuban
Tobacco
common
♦
Apr
Curtis
Jan
21
Brewster. Aeronautical
1
2%
2%
Bridgeport Gas Light Co
•
21%
Jan
Bridgeport
Oil
•
11
10%
U%
500
9%
Apr
13%
class
•
10%
10
11%
3,700
6%
Feb
12%
1%
100
1%
Jan
650
8
8'A
2.50
common
-
0
common
8
Apr
128 %
4
Feb
Brill
Lighting Inc
Curtis Mfg Co (Mo)
22%
23%
Corp
Class
1%
Co
A
I
B—
•
preferred
Brillo
Mfg
100
Co .common
2%
1%
Feb
125
128 % May
81%
Jan
12%
125
•
i
1% Mar
22
Jan
14
Feb
18% Jan
Mar
'
Class
A
•
Am
Co
Celanese
British
Amer
£1
B
reg
A
A
Wire
1
Burco
Inc
Burma
Rurrv
&
$3
Butler
(P
3%
1,300
3'A
Feb
16%
100
14%
Feb
17% Mar
Jan
26
22%
24%
84%
85
2%
23%
2%
3,300
17%
220
77%
1,400
1%
Jan
Jan
Jan
21
85
2%
May
Jun
Apr
24% May
Jan
9
•
9%
9%
9%
800
23
16%
15%
16%
10,500
14%
100
97%
•
Sullivan
2.50
preferred
H)
Apr
9%
Feb
Apr
17%
Jan
Feb
104%
& East Power—:
Corp Am dep
Biscuit
4%
•
preferred
1st preferred
Hill
Apr
1% May
3%
*
$1.60
$5
4% Mar
17%
16%
3%
5
Buckeye Pipe Line—
Niagara
Jan
May
1% May
1
common
Co common
Bruck Silk Mills Ltd
Bunker
3%
17
•
prior preferred
Buffalo
Feb
1
;
common
preferred-.
(E L)
Feb
17
•
Brown Rubber Co
Bruce
20
Jan
•
Forman Distillers
Brown
Feb
15%
10a
.-
class
—
Brown Fence &
'.{■ Class
20
£.1
Ltd—
Columbia Power
Class
•,18
Tobacco-
dep rets ord
British
•
101
9%
34
100
9%
34
101
9%
34
600
25
9 % May
31%
Feb
12
34
Jan
Jan
Jun
1%
rets
Corp
12V9o
.
1%
1%
400
1
Apr
1%
Jan
3%
3%
4,600
3
Apr
4
Jan
5%
Jan
4% May
25c
common
Petroleum
Rubber Mfg
III
A
Dayton
Dejay Stores.
Dennison Mfg class A
1
-50
8%
Derby CR1 & Refining Corp com_
A convertible preferred
Detroit
Gasket
6%
Gray
Iron
Detroit
Mich
Stove
Detroit
Steel
Products
De Vilbiss Co
7%
Foundry
Co
Distillers
Co
Voting
Cables
trust
&
certificates
dep rets 5%
Sugar Estate
Calamba
California
Camden
Canada
For
1
1%
800
% Jan
1,500
May
3%
Jan
Jun
4% Mar
72
20
65
Jan
77
Mar
130
30
113
Jan
135
May
8%
5,800
5'A
Jan
8% May
72
Jun
79%
12%
Feb
13% May
19
Jan
20%
Feb
Apr
74
74
n
3
4%
22%
4%
22
100
Feb
600
%
Jan
IVb
4%
5,800
3%
Jan
4% May
22%
300
20%
Jan
23% Mar
1
25% Mar
22
-10
-10
/
Jan
10%
Feb
10%
Feb
13% Mar
,
common
14%
Apr
14
Feb
Ltd—
13
.£1
Corporation
„1
Dobeckmun
.
Mar
8
Co
7%
800
Domestic Industries class A
Dominion
Steel
com
&
Coal
B
100
5% May
6% Mar
250
22% May
23 % May
6%
Test Corp
Feb
6%
Jan
6% Mar
7%
71
25
10
Feb
67
Feb
72% Mar
26%
71
Co
Feb
"5%
23%
—25
Corp
Harris
7% May
13%
"5%
Dominion Tar & Chemical Ltd-
Draper
Jan
Jan
23
-1
•
Bridge Co Ltd
Dominion
Mar
5%
1'0%
7%
common
Feb
29%
Feb
79% Mar
74
3%
Jan
200
2%
Jan
300
9%
Jan
common.
2%
common
3
Jan
5% Mar
3%
Jan
10% May
3% May
»
Duval
Texas
Sulphur
10%
10%
Wireless—
American
Callite
50c
1%.
100
4%
36
72
8
•
dep rets ord reg-
Am
Divco
~7%
Jan
1% Mar
3% May
1%
1% Mar
*
'
-10
common
Shoe
4%
Jan
6% Mar
1,450
Jun
Mar
130
72
—1
common
preferred
Diamond
~7%
19%
19%
-20
Mfg
Detroit
Driver
Jan
4%
18%
26
III
preferred
&
Dul^e Power Co
Hosiery class B
700
II
.100
debenture.
Duro
50o
—3
common
$6 prior preferred
II
37%
Jan
15%
2,600
-35
convertible
Durham
Cable Electric Products common
37%
Jan
33%
36%
17
24
3754
Davenport Hosiery Mills
Class
•
dep rects ord bearer
dep rets ord reg
Am
$5
Oil
American
British
•
——
British American
D
Darby
Electric
Tungsten
Fire
£1
_I_1
Power
Cement Co
Ltd
see
io
7%
7%
7%
5%
5%
6
Assn
I~6
6%%
pfrt„100
page
2333.
7%
Feb
5%
" .*]
III
Corp
Insurance
footnotes
pfd
Apr
400
5%
Jan
7% Mar
1,500
4%
Jan
6%
Jan
East
Gas
4%%
6%
TT*r% n*-
-
& Fuel Assoc
Twftn
common
100
1%
Feb
100
66%
64%
66%
425
56%
Jan
100
prior preferred
preferred
37
36
37
400
27
27
25
_•
98}
1%
1%
1%
2V2 Mar
Mar
70
40
Mar
28
Mar.
Monday, June 5, 1944
THE COMMERCIAL & FINANCIAL CHRONICLE
2330
NEW YORK CURB EXCHANGE
RANGE
Last
Exchange
Curb
Sale Price
Corp
Low
100
*
$6
Watch Co——-—
Mfg———--—
Electric
8%
89
90%
Jan
•
Pipe Line common
Jan
48%
Jan
Feb
6
Jan
93% Mar
2,100
88%
Jan
95
Apr
65% Mar
150
59
"9% •:-%V
46 %
•;
% May
10% Mar
,
Feb
1% Mar
!!
"9%
..15
31%
4
13%
31 % x32
12%
14%
6,100
8%
Jan
117%
170
103%
Jan
8%
Jan
8%
Jan
12% May
11% May
1 % Mar
117
-
1%
1%
1%
36%
36%
36%
475
5%
5%
5%
1,300
8,800
31%
Apr
Mar
14% May
117% May
Mar
38
6%
Jan
Apr
Mar
34%
Apr
Feb
23%
Jun
18%
400
23%
22'%
33
Jan
4%
..50
10%
Jan
31
23%
Feb
30
1
Camera & Inst Co—
Fairchild Engine & Airplane
Falstaff Brewing
Fansteel Metallurgical
Fedders *Mfg Co.
Fairchild
1%
1%
1%
-2,200
1%
Jan
15%
15%
15%
1,600
12%
Jan
17 V*-
17%
800
14%
Feb
5%
6%
2,000
60 %
1
1
60 %
10
*
Warehouse Co—25
Association (Phila)
-10
Federal Compress &
Fire
Ltd—
Am dep rets ord reg
Ford Motor of CanadaClass A non-voting-
Preferred
$3.50
5%
International Petroleum
.
Iron Fireman Mfg
*
4%
5%
Jan
70%
Feb
Jan
2%
95
600
3%
May
Feb
4
Jan
16% Mar
3%
18
23% Mar
90
109% 109%
110
Mar
106
Jan
56
50
42 %
Jan
66 %
Feb
56%
30
46%
Jan
70
Feb
1%
200
1
Apr
1% May
Jan
.32 % May
1%
31
32%
125
27
82%
83%
400
77%
Feb
14%
Jan
Apr
84%
:
;i7% Mar
400
7%
Jan
10% Mar
18
19%
300
15 %
Jan
19%
8
8%
900
7%
Jan
4,200
16%
Apr
19%
Jan
16%
Apr
19
Jan
8%
19
17%
9
Xl7%
~7%
"7%
18
~7%
8% Mar
,i 2
700
18% Mar
29
100
A
Jun
9% Mar
7% May
1 % Jan
sVMar
800
29
26
28%
Feb
Jun
Jan
Jun
37%
35%
38
850
24%
49%
49
50
550
44
Feb
1
1
200
1
Feb
1%
Feb
25%
Feb
Jan
12%
Jan
:
Jan
25
"9 %
10
3
.
50
May
% Mar
Jan
A May
225
17%
Jan
8%
500
7%
Jan
9
1%
300
%
Jan
1% May
3%
3,100
2%
Apr
8%
38,100
2%
8,
»
,
7
600
400
19% '.19%
19%
8
200
,
{<!
7'<T
1
1
A
Engine Co
Co
Jeannette Glass Co
'
1%
45
Mar
Jan
X68
20% Mar
Mar
8
Jan
70%
Feb
77
May
1%
Jan
3
Feb
1%
Apr
'
•'
.
2%
94
50
94
5
5an
3%
Jan
2Va
Jan
8% Jun
V
2% Mar
..
95
•*87% Feb
May
92
Feb
100% May
100
Jan
106%
Apr
18
70
99% 100%
100%
100
100
—•
Jan
20%
Apr
Mar
Feb
7%
2%
7
Lt 5%% pfd—100
preferred
preferred
6%
■'
7%
*
:
Jersey Central Pwr &
14% Mar
Feb
58
15
63
Jan
7%
preferred.——.—100
10%
37
63
Feb
Feb
,
1
-—.*
:—
(F L)
Jacobs
Jan
3
100
13%
13%
13%
10
21
Jan
Jacobs Aircraft
90
90
Jan
52
voting trust ctfs—•
21% Mar
2
100
9
9%
Jun
May
19%
50
Apr
Jan
100
9%
Royalty———.-—-—1
Investors
Irving Air Chute
Feb
Mar
Jan
12%
55
*
•
1
*
•
preferred
prior preferred
Interstate Home
EquipmentInterstate Hosiery Mills
Interstate Power $7 preferred—
63
19% Feb
300
20%
20%
20%
France*—
Amer dep rets bearer
Fox (Peterj Brewing Co.
o
Franklin Co Distilling
1
Froedtert Grain & Malt common.,.—1
Fuller (Geo A) Co
J
$3 conv stock—.—
convertible
7%
12 %
Apr
109%
•
10
*
•
*
$3.50
25% Mar
Apr
Apr
11
22%
shs_„♦
coupon
shares
Products
International Safety Razor B—
International Utility class A
Registered
International
56%
Motor of
Ford
Jan
Jun
19% May
10%
200
-———-—..
5 % May
25% Mar
3,900
20%
5
5% ~-
£1
voting——
B
2%
15%
V
Apr
7,000
International Minerals and Chemicals—
B
6%
11%
11%
1%
50
•
series.—.
International Metal Industries A
Warrants
High
Jan
5%
Electric—
International Hydro
Italian Superpower
Ford Motor Co
Class
10% May
Jan
100
xll% xll%
11%
100
Industrial Finance v t c common
.1
7%
100
preferred—L
Insurance Co of North America..—10
International Cigar Machine
•
$1.75
7%
2,100
Low
6
preferred—
Class
10%
10%
10%
6
Range since January 1
High
£1
Ireland
1% Mar
.100
8%
100
300
Shares
Low
Indianapolis P & L 5%% preferred.100
Indiana Service 0% preferred
100
7 %
Sales
for We«k
of Prices
Par
Imperial Chemical IndustriesAm dep rets regis
£1
Imperial Oil (Can) coupon
—
•
Registered .—
—
-•
Imperial Tobacco of Canada..
5
Imperial Tobacco of Great Britain 81
15% Mar
Jan
I!!i
—1
common—
Jun
14% May
7% Jan
1
—
Jun
42'A
83%
58%
„
42%
100
1
common
convertible preferred
Inc
——
Esquire
Inc
1
Jan
5
40,500
9
89
91%
.100
Equity Corp
Eversharp
1,400
8%
Empire District Electric 6% pfd—.
Empire Power participating stock.
—5
Emsco Derrick & Equipment
Eureka
I
Jan
35%
1,625
57/8
89
91%
•
Elgin National
$3
40%
„5
common—
Light 2d pfd A_.
Option
warrants
Electrographic Corp
Emerson
33 %
38%
39
Power &
Electric
1,225
„•
& Share
preferred
preferred
$5
1,600
42%
5%
v
Bond
Electric
42%
33%
39%
41%
1
t c
Easy Washing Machine B
Economy Grocery Stores
preferred
$5
% Mar
39%
preferred series A
preferred series B
;
Eastern Sugar Associates—
Las*
Exchange
Sale Price
High
—
$7
Curb
Week's
Range
Friday
STOCKS
York
New
High
Low
$6
JUNE 2
Range since January 1
Shares
•
States
Eastern
WEEK ENDING
for Week
of Prices
Par
FOR
Sales
Range
Friday
STOCKS
York
New
Week's
Julian & Kokenge Co
K
Gatineau
Co
Power
100
preferred
5 %
Gellman
•
common.—
1
Alloys Co
Gen Electric Co Ltd—
preferred series A
5%
Fireproofing
& Elec $6
100
1
100
10
-
convertible
$6
preferred
$3
preferred.—
(A C)
Preferred
Gilchrist
Class
$7
B
Mfg
Gray
Great
Great
Gulf
Pacific
&
May
106% May
11
40%
40%
11
10%
11
Feb
11% Mar
Apr
15%
37%
100
40%
Apr
9
Feb
104
300
;;
Jan
34,800
%
5%
Jan
7
Mar
Feb
40%
Jun
11%
Apr
106% May
Jan
900
A
7
.
A May
"7%
May
74%
82%
650
56
Jan
82% May
31%
74%
32%
150
30%
Feb
32% May
6%
1,100
4%
Jan
7
Jan
6%
6%
:Ji; 8%
.
400
9
87%
100
84
Jan
132
132%
75
132
Jan
86%
86%
7
Mar
11%
Feb
93% Mar
136
Mar
33%
33
33%
1,500
29%
Jan
33%
Jun
•
7%
7
7%
1,100
6%
Feb
7%
Jan
3% M**r
4%
Feb
common..25c
$0.50
108%
pta—
& Alabastine
20
113
113
.*
llU
Apr
lViar
111%
xilb
Jan
May
•
Lamp
Co
500
X8
7%
8
5%
Jan
Co
Bridge
Hamrnermili
Electric
Hartford
Rayon
Harvard
Ltd
Paper
Hartford
*
voting trust
Brewing
>
10
Co
ctfs
50
(D
Hearn
Corp
b%
Helena
.
Brewing
2%
5%
-
Lane
Wells
Co
Class
„
A
Apr
Apr
3%
Jan
41%
Jan
6%
Jan
43%
43
43%
60
25c
7%
7
7%
3,500
.
Convertible
Leonard
Oil
Line
May
Mar
84%
Feb
95
Feb
13%
13%
100
9%
9%
100
Hewitt
Rubber common..
Corp
Brothers
58
640
37
Jan
59
May
14%
5,100
12
Jan
15
Jan
2%
200
Jan
3
Jan
2%
Jan
4% May
Feb
110
Feb
Jan
13
May
Jan
26% Mar
2%
3%
12%
6% Mar
Jan
30
5% May
47
•
May
7% Mar
Loblaw
Locke
Groceterias
Steel
•
new
%
,4
Jan
1%
27%
500
26 % May
29%
Jan
11%
900
10
Apr
11%
Jun
11%
11%
100
10%
Feb
11% May
25
22 %
Feb
25
1%
Jan
18%
Jan
20%
250
15
Feb
17
Apr
6,600
8
Jan
9
May
Feb
1%
11%
17
5
9
3/.
:'4
.
*
100
100
17
8%
8%
10
common
%
1,000
66%
61
200
51
27%
28%
500
1%
7%
27%
3,300
2%
7%
5,400
$5
Manischewitz
Consolidated
Mapes
Marconi
2%
preferred
(The B)
Mfg
—
28%
10
28%
12
.
J4%
Mar
Jan
18
May
600
24
Feb
28%
23
May
Co...
Consolidated G
Holophane
Horder's
Co
M
8
9
!•
common
Inc
—
.
Horn
& Hardart
12
(Geo A) Si Co common.!!!!—•
(A C) Co common
_l
Horn
9%
8%
1,800
13% Mar
-
-
-t.'-
Steam Shovel
•
Mass Utilities Association
Radiator
v
t
c
Mfg B—
McWilliams Dredging..
*
■
Mead
Johnson
&
Co
Mercantile
30%
Feb
Merritt
Stores
Chapman
common..—
&
Scott..
•»*.
'4%
■
Horn
0%
&
200
4%
*
Hardart
Hubbell
(Harvey) Inc
Humble
Oil
&
Hummel-Ross
Hussmann
Huyler's
1st
Ligonier
Corp
Jun
13
Mar
Jan
40
May
3%
50
27%
19
10
*
45%
44%
5Va
5 V4
—
Jan
45%
6
Securities
Jan
Jan
119
Apr
27% May
113%
Apr
150
17%
Apr
20% Mar
38%
Jan
45%
1
4%
4%
1,000
10
600
154
9%
10
154 ;1
Textile Corp.
Michigan Bumper Corp new—
Michigan Steel" Tube..
30
Preferred
—:
For
footnotes
Jan
8% Mar
Class
page
2333.
4%
Feb
10%
Jan
3%
6%
41
Jan
x63
200
6
Jan
8
Feb
Jan
1%
Apr
103 %
Jan
2%
3,400
c_.
5%
4%
5%
250
%
%
6%
500
8%
8%
1,500
13%
900
2,000
2,400
1
3%
3%
3%
5
10%
10%
10%
2,500
2%
Jan
3%
Feb
Middle. West
100
20%
Jan
28%
Apr
11%
12
1,600
9%
Jan
13
common..
Mar
77/.
common
Abrasive
Oil
—
w*
9%
8VB
4,000
4%
Jan
8%
Apr
Midwest
49%
700
43%
Jan
49%
Apr
Mid-West
2,500
9%
Jan
15%
Apr
Mining Corp of Canada
9%
50
9% May
11%
Jan
Minnesota
Piping
&
Supply——.
Jan
&
May
Mar
3%
4%
5%
Feb
7%
Feb
8%
Jun
Apr
Mar
Jan
Feb
~
6
Jan
5%
Jan
8
Jan
13% May
1%
Jan
3 % May
9%
Jan
11% Mar
Jan
10
Mar
22%
22
22%
250
20
Jan
23%
26
24%
26%
725
?-3% Apr
26%
Apr
F<eb
1% May
2%
Jan
.50
•'
..
~
1%
Mfg
1%
400
"2%
"2%
100
1%
700
64% x64%
175
1%
*
*
8%
15%
*
1
Refineries
Mining
116
•
10
Co
13%
77/aw
4
42 % May
•
$2 non-cum dividend shares
Co
v
Jan
9
Midland, Oil Corp $2 conv preferred..*
Corp
Jan
100
6%
8%
May
2% Apr
12%
10
vtc.l
•
2% May
Jan
110
2.50
_3
1%
36
:
24
4% Mar
Jan
50
'
1
Bvtc
Apr
159
Jan
138
Midland Steel Products—
lV/a
9%
see
—
Jan
Jan
8% Mar
2%
1%
2%
'
.*
—1
"2%
"Sn
Co
_
.......
7%
Feb
2%
%
.
Middle States Petroleum class A
Midwest
•
,1.1
Micromatic Hone Corp
6
400
100
15
7% May
1% Mar
99% Mar
6%
•
—25o
Jan
Jan
'•
3%
x63
x63
Sugar Co.
Mid-West
..
[
Participating' preferred—..
Metropolitan Edison $6 preferred
Michigan
154
3%
8
*
1
Messabi Iron Co
Metal
Midvale
Illinois Power Co
common
5 % conv preferred
....
Jan
26
Feb
4%
.
preferred
Jun
Jan
•
!!!!!!b
Sygrade Food Products
A
Jun
4
6%
4,300
6%%'
Jan
33% Mar
6%
_•
24
—!!!!!!l
!!!!!!£
—
25%
Apr
4% Mar
4,700
19
•
■
■
Co
119
111
5
common.
Hydro-Electric
27%
—
Refining
Fibre
preferred
—
•
!!!!100
!!„5
preferred..
Jan
12
'
Baking Co
15%
Jan
Jun
8 % Mar
81
Jan
500
1
4%
1
—•
•
...
Memphis Natural Gas common
Jan
2%
Jan
Feb
19
400
•
&
1%
5%
•'
6%
*
16% Mar
10%
May
May
28 % Mar
—
*
22
33
200
12
12
Hormel
8% May
Jan
81
—
—
Margay Oil Corp
Marion
100
•
Com-
Warrants
Hollinger
8
113
&
Feb
26% Mar
31% May
Ltd
Co
28%
—rf'''
Jan
61%
..
.
Marine
International
munication
—
Co
Jan
1,000
6%
Apr
69% Mar
Feb
Jan
7%
Apr
2% May
Jan
49
Jan
M
Massey Harris common
:
i
1,600
109%
x7%
7%
1
•
8
1
McCord
f#
10
1,025
66%
60
GO
optional warrants
Stores.
convertible
12
19
35 % Mar
•
A
common
13% May
18%
Apr
5% Mar
Feb
10%
1
Long Island Lighting common..
7 % preferred class A
6% preferred class B
Louisiana Land & Exploration
Louisiana Power & Light $6 pfd
Corp
6%
Mar
26%
li
25
•
'
Corp
9%
*
Chain
Lone Star Gas
19
Apr
'v 500
5% Feb
preferred
Class
Jan
May
12%
1,400
25
10
Inc 6%
Jan
May
4%
2%
21
common.——
Jan
ilw
Apr
9% Mar
Jan
105 Vs
...
(Thos J)
Lipton
9%
19
2.50
7%
14
4%
.8
11%
*
8
Heyden Chemical common
Hoe (R) & Co class A
13%
12% Feb
55%
'
Henry Holt & Co participating A
Feb
3
...
200
26
21
106
2%
Material Co
Lionel
Lit
Inc
300
.
Apr
Jan
Jan
14%
1
—1
preferred
(R G)
12
.
9%
8%
,
Development
Le Tourneau
13%
^
12% Mar
100 %
...
10
25
,
Jan
16'A Mar
200
12%
12
'
—
%
Feb
Mar
300
'
13%
•
Preferred
Feb
Apr
5%
"~2
common.
1%
4%
26 %
•
...
Co
Feb
Jan
200
5%
101% 102%
102y4
J an
1%
2,900
Jan
5% Mar
16
common
Manati Sugar
5
3
Jan
10
Mangel
28
Feb
4%
9%
9%
...
B
Mar
4%
6
2%
400
55%
Lefcourt Realty common
Mar
27%
400
Langendorf United Bakeries class
5
5
6%
•
Feb
3
% May
Lakey Foundry & Machine
Lamson Corp of Delaware—-a.
Lane Bryant 7% preferred
50
►i.—
*
55
12
Mar
8
2%
900
66
15%
(N J)
Lake Shore Mines Ltd.
24
Jan
Feb
Feb
Jan
Jan
-1
Co
Jan
L
RR
Lackawanna
Jan
47
300
50
...
Rubinstein
Class
Heller
3%
6%
3%
3%
5
common
preferred
Mining Co
Hec.a
;
—
Dept Stores
30
1
Hat Corp of America B non-vot com__1
Hazeltine
5
100
1U%
45%
50-50
2%
100
,,V
..100
special preferred
(S H)
17%
Feb
1
M Co Ltd
'
Kreuger
Jan
30
Emil) Co common,
(I B) Rubber Co
Koppers Co 6% preferred
Kresge Dept Stores—
4 % convertible 1st preferred
Kress
9%
56
•
Kleinert
10
Knott Corp common
1
Kobacker Stores Inc———.—.——*
Klein
xl9% Mar
—-
23
— -
i
.
w—.\
50
"
23
25
.
Light
150
-
'
Hamilton
12%
10% May
111%
100
100
1
1
Petroleum
Klrkland Lake G
Lynch
H
Hall
12%
.100
pfd
—
Kings Co Lighting 7% pfd B_
5% preferred D
Kingston
Products
Feb
124
Jan
9% Mar
——
Kimberly-Clark 6%
Kirby
100
Mar
16
13%
1,600
Key Co common
10%
12%
*
Ken-R.ad Tube & Lamp A
51% Mar
Jan
25
Products
Utilities
Lime
113
9%
300
14%
13%
14
m
preferred
Gypsum
Jan
May
Jun
May
10%
100
Paper
Stores
Mar
85%
Tea—
stock
common
preferred
States
111
100
12%, 13
—8
Northern
$6
48 % May
51% Mar
1
Greenfield Tap & Die
Grocery
12
Jan
100%
•
Atlantic
1st
Jan
113
113
10
Co..
Non-voting
1%
Jan
8%
•
Grand Rapids Varnish
Mar
41%
50
common
1
2% Mar
75%
1
Mines
Co
class A
Mfg
78% May
310
•
preferred
$3
Gorham
Jan
85%
82
85%
•
Mfg
Jun
Feb
•
—
Inc
96
*1 Apr
•
Consolidated
Goodman
Gorham
Jan
1%
•
preferred
Goldfield
Jun
100
•
class A
17% Mar
1%
1%
*
Godchaux Sugars
Mar
124
10
Coal
4
>vj 8% May
79%
160
*
Co.—
Alden
96
common
Gladding .McBean & Co
Glen
95
1%
•
preferred
$5
Gilbert
May
Jan
115
10
•
Power $6 preferred
Georgia
<124
96
_•
1
-
Jan
14
74
124
preferred B
Gen Water Gas & Electric common
Jan
14%
200
17%
17%
Feb
8
common
Jan
3%
500
4
.*
General Outdoor Adv 6% pfd
100
General Public Service $6 preferred
•
General Rayon Co A stock
•
General Shareholdings Corp com
1
Jas
Gen
11 Jan
12%
1
General Finance Corp common
General
2%
1.
£1
dep rets ord reg
Amer
.
2%
•
Mfg Co common
General
10%
5
Inc
Kennedy's
121%
preferred—100
Kansas Gas & Elec 7%
64%
Jan
Jan
8% May
17
Jan
Feb
2% Mar
1% Mar
111 Jan
2
52
Mar
65
May
Volume
Number
159
THE COMMERCIAL & FINANCIAL CHRONICLE
4287
2331
NEW YORK CURB EXCHANGE
FOR WEEK
RANGE
York
New
Curb
Week's
Friday
STOCKS
Last
Exchange
Sale Price
;
Pwr &
STOCKS
High.
Low
pfd—
97%
Jan
102
pfd—
109 V2
Jan
114%
Public Service common..
8Va
Jan
Jan
—-
18%
14
Ward
171
.
«
Producers-—
Gold
2%
Feb
4% Mar
1%
200
1%
Feb
2 % Mar
Pitts Bess
;
360
165
10%
7%
Feb
173
May
Apr
16 Va
Jan
18%
34%
150
28%
Feb
Jan
34% May
9% Jan
"1%
1,600
1%
Jan
1% Mar
6%
1,700
5%
Jan
6% May
21% Apr
6
18
::ioo
;—
Feb
127
Apr
Feb
131
Plough
Inc
50
;
1%
1H
2,200
7%
8%
1,900
16
60%
59%
100
13%
Jan
50
11%
Jan
6%
Jan
10% Mar
Jan
80
common'
:iioo
64
13%
.
& Lambert
Gold
Prentice-Hall
Mar
Inc
Metals
Pressed
Co
Jan
Jan
4
4
200
3%
3%
3%
7
6%
"
*•
29%
'
30%
400
%
~7%
100
%
ft
Jan
Jan
8V4 Mar
40%
Jan
62% Mar
12%
Feb
115% May
4Va May
Jan
17
May
15
Mar
Jan
3Va
5%
5%
Jan
7V4 Mar
Jan
6
26 Va
Jan
7%
8%
300
Til*
Jun
Jan
30'/a May
At Jan
1
Jan
48
6 %
Jan
32
Jan
May
7% May
Jan
2,300
•
—
-
2%
Feb
43
~7%
;
Gas——
Jan
17%
2
500
i
Corp of Nevada
Prosperity Co class B
Providence
600
•
Producers
N
15,300
X7
If
TIIi
America
Jan
Jan
7%
29 Vi Mar
14%
Till
common
of
3%
High
33 Va
13%
29%
n
Jan
11
'
Mining
55%
95
•
Premier
Apr
100
—10
5
Pratt
Jan
390
60%
-7.50
Alexander
Jan
300
4
._250
7
11%
114
1
common
Apr
22% Jan
12% Jan
1% Jan
114%
11%
114
Power,Corp of Canada
Mar
15
13
31% Mar
37%
10
common
&
700
—25
Polaris Mining Co
Powdrell
15%
:ii5o
Glass
Scale
Pneumatic
3,200
"in
—
Meter
RR
Plate
28%
8'/a
Ltd
Pleasant Valley Wine Co
Feb
13
~3~Vz
—
E
27%
*
«...
15
Ohio Mfg Co
Muskegon Piston Ring
Pittsburgh
Pittsburgh
Jan
850
Low
225
32
15%
28%
_•
common
Pittsburgh & Lake Erie
Metallurgical
Feb
18%
—Till
common
Postage
& L
32
32
Range since January 1
Hiah
5%
Mines
Pitney-Bowes
common-
preferred
Pioneer
8% Mar
—25
pfd
Shares
Co
Governor
3,700
"1%
Vk
Murray
Co
Pierce
May
18
—10
.—
Mountain States Tel & Tel
Muskogee
20
9
Mountain City Copper common— —50
Power
Securities
5,200
Mtge Bank of Col Am shs
States
Phoenix
3%
168 % 171
18
Moody Investors partic pfd
Mountain
10% May
33%
& Power—
Mountain
Packing
10%
7%
A
Montreal Light Heat
Phillips
3% 1
3%
Utilities
Dakota
Montgomery
6%
Phila Electric Power 5%
Apr
for Week
of Prices
Low
Par
May
Sales
Range
Last
Sale Price
i%
Molybuenum Corp—
Monogram Pictures common—
Monroe Loan Society A
Montana
100
■9%
9%
18%
Week's
Friday
Exchange
High
Light 1%
Mock Jud Voehrlnger common
Curb
Range since January 1
Mississippi River Power 6%
Missouri
2
New York
Shares
'
Minnesota
JUNE
tor Week
Range
of Prices
Low
ENDING
Sales
6% Apr
7% Mar
Va Mar
8%
Jun
8
Jan
Public Service of Colorado—
Nachman
Corp
14%
National
Bellas Hess
National
Breweries
preferred
7%
National
nil
common
Jan
Jan
44 Va Mar
12
Feb
14% May
50
Jan
58
Apr
12
Jan
Jan
7
50
1,150
11%
0,000
4%
n%4 n%
National Tunnel & Mines common —-1
100
12
18%
Feb
9%
9%
125
8%
Jan
12%
12%
12%
300
11%
Jan
1%
1%
1%
400
1%
Feb
3%
3%
4%
1,200
28%
28%
200
6%
100
•
.
Clock
I-
•
Zinc
25
Land
& Arizona
Mexico
1
525
57%
Y
Auction
N
Y
N
Y
&
N
N
N Y
11%
11%
19
19%
57%
55%
57%
3
3
800
500
3
N
Water Service
6%
5%
Nipissing
Noma
North Amer Light
$6
6%
North
American
Northern
North
RR
Penn
Mar
35
Mar
Richmond
Jan
10% Mar
Jan
29
4
-
Jan
78%
Jan
14%
3®2
74%
Feb
May
83%
%
5%
Jan
500
4,500
10%
Jan
2%
Feb
4%
Jan
6%
Jan
%
Jan
States
9,700
275.
103
300
A
%
120
31
105% 106%
25
12%
12%
13
•
25%
25
25%
Jan
4%
Jan
7
Jan
Jan
87
104
Jan
108
113% May
7% Jan
116
23
Jan
1
Mar
Ohio
Brass
Ohio
Edison
Co
class
B
22
preferred
Ohio Power 4%% preferred
Ohio
6%
7%
1st pfd
25
70
18 Va
109
Jan
Jan
22% May
112% Feb
115% 115%
50
112
Feb
115%
20
115
Jan
118%
111%
110% 111%
30
108
Jan
112
Feb
15
common-
Oliver United Filters B
23
*
23%
600
18%
—•
24
May
8%
8%
7% Mar
Feb
9
6%
200
Apr
8
1
-
Jan
5% Mar
6%
—-1
Securities
'
5% Mar
23%
Jan
4%
Feb
Jan
15%
Jun
4
7,300
14%
15 %
2,600
%
200
U May
2%
2%
800
%
14"%
"2%
%
500
2% May
% Jan
107% 107%
40
11
105 Va
Jan
Jan
lVa Mar
3%
Jan
% Mar
108
Apr
13 Va
50
13 Va
Apr
15%
11%
11%
100
10%
Jan
12% Mar
2%
2%
100
2%
Feb
6%
6%
800
5
Apr
17%
10
1,500
200
3%
Jan
2%
Feb
Jan
6% May
Mar
19
Jan
18
Jan
8
Jan
10
May
3Va
Jan
4%
Jan
5%
4%
5%
800
4% May
5 %
Apr
2
1%
2 Va
900
1%
2Va
Feb
Jan
Jan
8%
Mar
Jun
2% Mar
47a
8%
3%
common.:
•
(D
preferred
1,500
900
25
2%
300
17%
300
•
preferred
$6
Steel
Scullin
Co
1
&
Co
Shoe
10% Mar
2%
Jan
Jan
32
14
Safety Control
Serrick Corp class B
Jan
50%
Jan
31%
500
27 %
74%
250
64
10%
500
9%
3%
3%
200
2%
Apr
3% May
3,500
Jan
Mar
Feb
81
Apr
Jan
12% Mar
Mining
40
Jan
1,200
1,300
1
Jan
1% Mar
6%
Jan
8% Mar
17%
17 y4
17 y4
100
I6V4
Feb
17J/a Mar
n
n
3,000
%
Apr
6%
8%
74 y4
72
9
74 y4
900
450
Silex
Co
of
iy4 Mar
25
100
Canada
9
May
Jan
77
Mar
Jan
75% Mar
if Feb
%
Jan
3%
Jan
4%
6%
3%
1,000
Apr
Feb
7% Mar
2%
12
Apr
Feb
3%
Apr
13%
Jan
100%
100
100%
200
91%
Feb
102% May
114
114
114
120
110 %
Apr
115%
25
13%
Feb
12
Feb
13 Va May
13%
13%
•
•
common—
Feb
67
500
ft
•
pfd series AAA
Sherwin-Williams
Jun
300
1%
7%
5
Shawinig'jn Water & Power
Sherwin-Williams common
cum
47'Va
47%
1%
7%
47
•
5%
74% May
x32
1%
1
1
Denn
3J/4 May
1%
1,225
3
69
25
Seton Leather common
Shattuck
May
2% Mar
17 Vat Mar
7%
5
$5.50 prior stock
Allotment certificates..
Sentry
4% Mar
41
Feb
Jan
1%
72%
2%
70
1
Inc common
Convertible stock
"
47
1
•
•
Hardware
Selected Industries
~3%
•
Bros Inc
Lock
Feb
162% May
ioy4
74
•
common
Securities Corp General
5%
Jan
8% Feb
146
71
2%
71%
$6
3%
275
11% May
4% May
31
1
25
25
•
Electric
9%
41
17
common
Manufacturing
3%
21/4
17
30,200
5
162%
8%
41
preferred
A)
4%
X159
2% Mar
HV4 May
1
*
common
Co
Apr
Feb
T
5
Gas
3%
3%
4
Apr
Scranton Spring Brook Water Service—
Feb
116% 117
Omar Inc
Overseas
22
4%
116%
common
Natural
12% Mar
5
Scranton
Apr
—100
preferred
Ltd
Oilstocks
Oklahoma
Jan
Co
Scovill
27% Mar
—100
Public Service
1st
—100
3 % May
13,600
109% 110
110
11%
Oil
Selby
common
$6
Corp
.
Convertible
O
4
75
1
Co
Mills
Seiberling Rubber common
3%
24% Mar
12%
5
100
—
United
Schulte
5% Apr
10% Mar
14%
Oil
Dome
Segal
3%
Feb
12
Schiff
Mar
200
2%
21%
Savoy
Mar
1,000
Jan
1%
400
•
Paper common
Samson
Jan
150
135
12%
51% May
30% Jan
2,000
_•
50
preferred
Seeman
Ogden Corp common
1,500
Mar
2%
nil
pref
conv
Sanford
54% Mar
87
106
Salt
$2
A
Regis
7%
Mar
%
9
St
Feb-
3,400
5%
8%
Jun
48
i& Jan
22%
8%
Lawrence Corp Ltd
Class
31% Mar
Jan
52% Mar
5%
St
Apr
27% May
—.——100
class
Power
Corp—
Jan
May
28
~9
Feb
18 Va
13% May
10
300
.
X40%
Jan
6% Mar
106% Apr
Jan
5%
7/a
Feb
Mar
5%
28%
25
24
Jan
2%
2%
3%
Petroleum
A
Jan
28
120
9%
Ryereon & Haynes common
Jan
28%
51
3%
Co
Consolidated
Ryan
Jan
1%
118%
24%
18%
1
Jan
9%
%
ft
18%
51
18%
15%
'
400
-2%
3*2
Apr
Jan
x40Va
'
T~
17
Ryan Aeronautical
Jan
77
1/128 Feb
500
Jan
1%
15% Mar
'
'
-20
Russeks Fifth Ave—
6%
118
Jan
Royalite Oil Co I^td
105
118
Apr
*12%
1
Jan
3S3
6%
.
12%
1%
50
13%
Co
Jan
12%
13%
10 V 10
—
9,900
—5
3%
,400
May
10% May
TIb
convertible preferred
$1.20
1%
14 Va
1——
.100
pfd D—
Field Inc
75:"*
1,625
78 % May
157
22%
1
1
t c
v
common
Apr
65
3*2
Corp
Petroleum
Root
17% Mar
111
100
pfd_100
Cable
1%
''wT
Pendleton Inc
Roeser &
Rome
May
50
preferred—
Novadel-Agene
Rochester Gas & Elec G%
Apr
May
81
Apr
Jan
%
Radiator
Rio Grande Valley Gas Co
60
2%
,71% Jan
149...
14 Va
1%
warrants
40
•v
13,300
1/128 1/128
5
Co
Oil Corp.
May
1,200
———_1
Nor Indiana Public Service 6 </o
Northern
80%
170
5
1
•
—
109
64
2%
157
•
1
Co
V-AlO
109
8%
10%
Aviation
Dry Goods
Stix
Richfield
Jan
•
Oil
—
440
77%
Co
Rice
13
109
50
Texas
Airlines
78%
Power
153
preferred
Red Bank Oil Co
105% Mar
•
Utility Securities
Central
Northeast
Jun
Republic
1%
•
prior preferred
Jun
12 Va
Feb
1%
•
North American Rayon class A
Class B common
13 Va
Jan
Reed Roller Bit
116 J/4 Mar
& Power common—1
preferred.
Jan
Jan
1
Electric
11
1,500
3%
5
—
350
12%
59%
Jan
—1
.
13%
10%
Apr
Jan
100
Mines—
13
12%
Roosevelt
-
Nineteen Hundred Corp B
13 Va
-10
Jan
Mar
11%
II
•
—5
Reliance Electric & Engineering
102
63%
5
May
19% Mar
112%
100
preferred
17
Jan
40
>2%
Niles-Bement-Pond
Mar
Jan
109% May
11% Jun
30
2%
Niagara Share class B common
A
1
60% Mar
20% Mar
104% 105
63%
100
preferred
optional warrants
B optional warrants
Class
Apr
Apr
115% 116 %
10
A
Class
Jan
7%
21 %
100
2d
Class
:
100
pfd_100
pfd
Niagara Hudson Power common
5%
1st preferred
101
11s
Radio-Keith-Orpheum option warranta.
Railway & Light Securities
Voting common
10
Railway & Utility Investment A
1
Rath Packing Co. common
10
Raymond Concrete Pile common
•
$3 convertible preferred
•
Raytheon Manufacturing common—50o
Feb
/
1
shares
Jan
600
6%
Feb
9
2%
10
.
& Light 7% preferred—100
preferred
_•
Shipbuilding Corp—
Y
7%
Jan
3%
29
93 %
17
Quebec
Mar
35
28%
175
16%
Quaker Oats common
Feb
7
6%
Feb
99% 100%
16%
54
1,400
Power
Founders
Apr
13%
•
•
18% Mar
100
19
10
Rosario
N Y State Electric & Gas $5.10
Jan
Jan
7%
Merchandise
Y
Y
$6
Honduras
Jan
10%
Jan
87%
Feb
12%
29% Mar
114
Jan
104
90
12%
Jan
Apr
18
108% 109
City Omnibus warrants
common
4%
Jan
47%
_•
N
Jun
6% May
•
New Process Co common
Co
56%
•
Co
Inc common
New Jersey
New
Tel
57%
12 Va
Jan
1%
Jan
Jan
.10
—-—
Pyrene Manufacturing
Apr
13% Mar
May
3
——.—.—-
$5 prior preferred
Puget Sound Pulp & Timber
Pyle-National Co common
9%
5%
100
preferred
&
200
Common
Jan
22%
4%
600
7
•
preferred
England Tel
6%
-
i
Associates
v'
85%
6%
7
class A
New England Power
Haven
3%
26
110
—•
—15
Corp
11%
Apr
4,300
Ilioo
preferred
1st pfd
Nestle Le Mur Co
116
114%
5,400
-100
Puget Sound Power & Light-
Feb
13%
Apr
12%
22%
28%
—,30o
Co
(Herman)
108 % Mar
12% Mar
Jan
12%
—10
Radio
Union
New Idea
10
21
22%
Neptune Meter class A
New
100
9%
•
12.50
$2
; 11%
—I*
National Transit—
Nehi Corp
56%
11%
—.
Til*
Oil
56
•
Sugar Refining
National Tea 5%% preferred
Navarro
56
•
National
National
1st preferred
Apr
Mar
—50c
11%
Nebraska Power 7%
108
_100
1st preferred
7%
Jan
35
35
Rubber Machinery
Steel Car Ltd-.
National
6%
Jan
30
Jan
Mfg & Stores common—
National
1%
Jan
Feb
National Refining common
New
1%
35
National Fuel Gas
.
10,400
Candy Co
National
6%
1%
28
City Lines common
convertible preferred—
Nelson
1%
•
—25
common
.—
National
$3
1%
Feb
17
Jan
Feb
16
Jan
Simmons-Boardman Publications—
Pacific
Co
Can
6%
15
25
25
Pacific
preferred
Public
$1.30
1st
Service
•
♦
;
preferred
Page-Hersey Tubes
Parker
Motors
Parkersburg
Patehogue
Rig &
$1.40
1
& Elec class
Penn
Power
$6
Penn
&
Traffic
Penn
Water
Pepperell
Perfect
Mfg
Circle
—
7%
42
■'
70%
„
Co
loo
Co
Feb
82
Mar
Apr
9
Jan
6% Mar
24
5%
163
102% 102%
97
163
—
64%
130
130
Philadelphia Co
footnotes
common
see
page
I
Soss
Coast
Penn
Oil
22
May
South
50
Mar
Southwest
Jan
37% May
29
Apr
33%
Jan
Jan
5%
Jan
4%
64%
Jan
Mar
70% Mar
43
Mar
Southern
Jan
Jan
104% Mar
Southern
310
90
Jan
100% Mar
Southern
163
25
.
65%
450
131%
100
161
•
Mar
2% Mar
X165
Feb
Feb
2% Mar
125
Apr
68
Mar
Jan
61Vs
135
Apr
7%
Colorado
Southern
Southland
Spalding
Power
Line
Royalty- Co
& Bros
1st
Apr
preferred
Spanish & General Corp—
7%
7%
200
7
.Tan
R% Mar
Amer dep rets crd bearer
9%
9%
200
8% May
10% Mai
31
.
Jan
33%
Amer dep rets ord regis
Jan
x35/a
Apr
Jan
111
Jan
15
Jun
3%
800
2%
Jan
3% May
900
3%
Jan
6% Mar
3V4
5%
5%
2%
2%
2%
Feb
4%
4%
4%
600
VA
Jan
4% Mar
3%
3
3%
3,100
2V2
Jan
3 % Mar
25
———.25
-——25
class
A
Telephone
Co
(AG)
Apr
3%
1,300
41%
42
200
40
Apr
44Va
Jan
30
100
28
Mar
30%
Apr
40
40
180
37
Mar
43%
Jan
31
31
200
29%
Apr
32%
Jan
29V*
Jan
31%
Feb
1V»
40
Jan
1%
29%
30
800
25
Jan
75
Feb
123
May
130
Jan
5% Apr
10
X9%
6% Mar
9% Mar
100
8%
9%
X9%
500
9 % Mar
5%
6
300
5%
42
10
9
10
1
Feb
67
100
5
Apr
30
42
100
England
Phosphate
Pipe
Feb
2%
2%
10
preferred
New
25
2%
Jan
26
275
12% Mar
108
Edison—
original preferred
6% preferred B—
5%% preferred series C
Southern
15
Apr
6
25
Line
Pipe
5%
%
1V8
Pa
California
3%
Jan
1
1
1
Corp common
Jan
>
10
229
1
Co
common
South
15
*
Corp
May.
Jan
111
•
100
1
32
94%
98
Paper
Manufacturing
111
70
255
£1
pfd
Mills—
Co
Manufacturing
Solar
Sonotone
251
42
9
40
Jan
Apr
Jan
■
1
•
2333.
(Howard)
Aircraft
Solar
300
•
—
For
Smith
City
Jan
2V4
255
Co Ltd—
dep rets ord regis
Gas & Elec 7flfr
Amer
320
—
64%
-
Jan
43
1
:
Sioux
16%
25
__
—-"7,,
8% Mar
Singer Manufacturing
26
•
1
100
common
Singer Manufacturing Co
34%
5,200
70%
Feb
preferred
Simplicity Pattern
32
10
500
__
•
Pharis Tire & Rubber
6%
——
1
97%
»
70%
80
6
20% May
'
—
102%
2.50
.
5%
Jan
1,700
—
5%
.Jan
__
22
Feb
5
„
■
37%
105
19
15,100
—
37
Jan
—
i
21%
50
,
Co
96%
May
100
20%.
42
•
& Power Co—
32%
■
7
21%
•
Co
109% May
—
•
com
Light $7 preferred
Mfg
Penn
Jan
106% Mar
—
25
preferred
Salt
200
—
•
common
A
34%
36% May
34% Jun
•
Mills
Corp common
i
Pennsylvania Edison Co $5 series pfd_*
$2.80 series preferred
•
Gas
Jan
7%
Pennroad
Penn
35
20%
l
Reel
Telephone
preferred A
1,100
%
—
10
Plymouth
36%
„
Corp
Peninsular
15
—
common
Co
Pen
.
Jan;
—
•
Pantepec Oil of Venezuela Am shs
Paramount
—
13
—
34%
100
1st
200
347/a
36%
Pacific Lighting $5 preferred
Pacific Power & Light 1% pfd
15
36%
—.
1st pfd
5% %
convertible
$3
common
Pacific Gas & Elec
% Mar
y4 Feb
10%
Jan
6%
Jan
45
Jan
ft Feb
ft Feb
2332
THE COMMERCIAL & FINANCIAL
CHRONICLE
Monday, June 5, 1944
NEW YORK CURB EXCHANGE
RANGE
STOCKS
New
York
Curb
Week's
Friday
Last
Exchange
of Prices
Low
Par
•
Spencer
Shoe Corp
Stahl-Meyer Inc
Standard Brewing Co
Si. (50
convertible
Oil
Oil
Standard
Power &
14 %
4
24
...10
2,200
3 %
2%
Jan
preferred
22%
18%
I
.—10
Light-
9,300
25%
18%
"%
1
—
Preferred
1,200
17%
Feb
Jan
16
btanett
Tube
class
B
(A)
5%
14%
Stetson
(J B)
Scinnes
(Hugo)
(S)
Co
6'/4
_1
4,000
5
~1%
-1
preferred
Superior Port Cement class B
3%
Jan
5%
2%
6%
deposit
1%
Jan
8%
%
Feb
36
1,150
1,100
17
200
%
Jan
3%s
s
f
3%s
s
i
Curb
Technicolor Inc common^—
Texas
Power &
Texon Oil
Light 7%
•
15
Amer
Mar
Feb
52 ii May-
Apr
15 Va
Thew
Co
common
Allied
Writing
Appalachian
Tobacco
Product Exports
III—•
Security Trust Co Ltd—
dep rets ord regis
•
dep recs def reg
Amer
Amer
Arkansas
May
.100
Paper
Elec
Pr
&
Trunz
8
1,600
6Va
1,000
Elec
Gas
&
60
60%
130
1
3%
3
8
Jun
60
IB
109%
~6Va
6%
11 Va
ll'/a
11%
1
May
4%
Jan
1,800
4
2°0
10
Jan
10%
111
6s
Unexcelled
Manufacturing Co
Union
Gas
Union
Investment
Union Stk
of
Yds
4
2%
Jan
5%
3
5%
5%
600
&
cum
United
5%
Option
~i% 1%
-
88%
class
1%" ~1%
l
A—
IV
8,900
xll4
Machinery
Preferred
—U
%
Feb
ftr Jan
ft Jan
54
*"""
•
:
1,700
;
United Specialties common
S Foil Co class B
Graphite
and
$5
7%
7%
7
6%
7
Wall
Class
%
70
7
Jan
74% Jan
44% May
7% Jun
x43 !/a Mar
900
4%
Jan
5%
Jan
-
Jan
Mar
Feb
-
3%
100
2%
Jan
1%
1%
3% Mar
800
1%
Jan
iV
%
2% Mar
2%
2%
90 %
ft Apr
May
Pictures
14% May
Jan
2%
9
20%
100
20
Feb
23
23
18%
Jan
26
1%
Jan
2% Mar
1
Products Co
Utah-Idaho Sugar..
23
22
20%
22
18
Jan
23%
23%
23%
50
23% May
20 %
Jan
2%
2%
2%
2%
Jan
57%
325
51 %
Jan
Hi
common
.10c
$5.50 priority stock—
57%
57
7%
.
7%
7%
1,400
6,300
4
1
1%
1%
1%
200
1%
3%
Jan
Hydro-Elec
Service
1%
A7s
A 7s
Jan
79% May
A7s
r.onvertiole
Venezuelan
Vogt
5
l
preferred
Petroleum
Manufacturing
1%
1%
38%
37%
38 Va
90
27
10%
10
10%
2,400
8
-II*
9%
9%
1,500
1%
200
8
Feb
Aircraft
Co
Waitt & Bond
Class B
Wayne
9
3
300
,
—
—
•
__
«
Knitting MUlsIIH
Wentworth
■
1
~aIyIand Ry *** IsFp/dllxoO
Tablet &
Stationery com
•
Coal
footnotes
see
H~~20
page
18%
4%
•
2333.
18%
100
4%
4%
800
109% 109%
~8%
8 Va
8%
7%
7%
8
121
20%
121
Feb
L
1
F-A
;
Jan
18% Mar
Minnesota
Jan
3,100
5 Va
Jan
400
7%
Apr
9% Mar
108
Apr
10
84
20%
20%
50
18% Mar
27%
28%
125
23
M-S
Jan
Jan
124
20%
May
Jun
28% May
&
98%
102
68
New
1941
103% 103%
97
101%
104 Va
123 Va 123 Va
1
123
123%
103% 104
12
102%
98%
19
102
; 60%
97%
98%
63
4
101
42
F-A
$104%
J-D
$105% 106
$100% 102%
104
101%
27
103
J-D
106%
106%
58
98%
103% 103%
102
99%
103
58
102
97%
103%
98%
102%
1
100
105
3
101
103
103
103
108%
105
103%
106%
102%
102%
105&
105 Va
107%
1949
$70%
A-O
A-O
Af-S
106
105%
Al-N
J-J
100
F-A
101%
M-N
1955
coupon)
1957
-1952
1941 coupon)
J-J
—1963
Power
3%s„
Af-S
68%
108%
J-D
M-S
1966
A-0
1948
Af-N
32%
93
1
—
25
-
16
25
30
1
109
28
21%
;
33
25
Yi
„
101%
106%
28%
/
23
,
25
32%
30
32
26
22%
32
91 Va
92%
54
88 Va
95 Va
67%
68%
23
36
13
28%
36
11
107%
109
106%
107
108% 108 7/a
$ 107 Va 108%
120
«...
7
60
77%
120
122
111%
112%
109 %
2
107
109%
108% 108%
1
106
108%
1
103
'99%
103
"107% 107%
108% 108%
A-O
1
106 %
110
1
108
110%
102% 102%
J-J
1963
1967
35
105%
103%
100%
93%
103
108%
Af-N
1943
to
33
109
F A
1971
E
35
31
104
21
$111% 111%
J-J
1965
4s
107
120
J-J
'
101%
1
102%
103%
$68
69%
62 Va
69%
108
108
108
J-D
104%
104
1955
4%s
Af-S
i—1978
104%
J-D
105%.
105% 106
9
105%
108
J-J
103%
103 Va 103%
13
102%
1043/4
Af-N
105 &
105&
105 %
8
105 A
110%
1957
1951
J
___194J
:
f-a
5s
1981
J-D
2022
A
M-S
1948
J-J
101
109%
8
107%
1083/4
11
103%
106
101 Va
7
100%
1013/4
109% 109%
13
108
111
4
116
120
111%
113
120
120
$111 Va 115
.
102%
34
92%
J-J"
2022
100
70,
28%
J-J
1952
6s
25
16
30
'
1957
43
99% 100
28%
J-J
,.1952
5s
32
104% 105%
$102% 103
$33
*
64%
104%
106
$33
33
F-A
"
106
74%
107
J-D
1955
—1957
Gas
'■
105
coup)
5s
Amsterdam
93%
102
6s
Power
series
217
$—
1970
Mississippi P & L 5s
Mississippi River Pow 1st 5s
Nassau & Suffolk Ltg 5s
Nebraska
99%
101 Va 102%
105
105
1957
Gas Light 4%s
P & L 4%s
ref
103%
90%
58
1958
Middle States Petrol 6%s
Midland Valley RR—
1st
120
99
12
$106% 107
J-D
M-S
99
85
97%
97%
<
103%
6
,
97
102% 102%
103%
:
115
125
$101
—
at 4%
122
—
108
104
111
3%s
F
118
110%"
105%
123%
110
,
99 Va
1950
G
Extended
109
109%
B
stamped
series
Milwaukee
4% May
110% Feb
8% Apr
10
4s
94% May
18% Mar
VA May
3%
,
1963
Metropolitan Edison
94% May
14% Jan
Feb
97%
Af-S
,
1966
9% Mar
15
102%
1953
Lake Superior Dist Pow 3%s
Radiator & Mfg—
3%
110
102
A
Superpower
Feb
Va
115
F-A
McCord
May
7%
1
,
~~~~H
■
Manufacturing HI""*
foi
Westmoreland
For
'
i0(«
West Texas
Utility $J preferred
West Va Coal &
Coke
Western Air Lines
Inc
ZlTTD
Western
9
110
$122
J-D,
1965
6s
— —
ext.'*
claus A
&
102
102%
9% May
•
Wagner Baking
voting trust ctfs
7%
preferred—.
102%
116%
107% 107%
M-N
1970
V
V
Waco
110
A-0
1969
■'
98%
Af-S
Kentucky Utilities 4s
Apr
11%
10
J-J
Anr
40 %
Ffb
102%
.
J-D
Apr
2%
Jan
Va
103
97%
101% 102%
$116
118%
Af-N
J-D
J-J
Kansas Gas & Electric 6s
Kansas Power & Light 3V2s__
Feb
99%
98%
24
102% 102%
102
J-D
Jersey Cent Pow <fe Lt 3 %s___—
1%
2
210
102 %
102%
102
A-O
,
105
109% 109 %
5s
Power
102
104
104 Va
J-J
Kansas Electric
1
102
79
101%
~1
105
F-A
%
62 Va
103%
A-O
\
304
$102% 104%
5s
1941
(July
Interstate
Debenture
$4
Af-S
..
,
A-0
E—
series
Altallan
I
common
1966
65%
J-D
5s
(Dec
(Aug
100%
100 '
1966
(International Power Sec—
A6V2S series C
series
98
...
62 Va
J-J
Jan
Indiana
A6%s
',;1
100
65%
Jan 1949
5%s series
A 7s
45 %
Light Corp—
Indiana,
T
44%
37
105
1963
B
Indianapolis P
36%
1958
ser A
series
V",
109
181
1950
6s
ref
Feb
7%,', Jun
Feb
Jan
Mar
61
Jan,
74%
—-
Valspar Corp
West
& ref
107
43%
44%,
$102
.1941
3%
1st
...24% Mar
700
i:5
Power & Light $7 preferredR»dio Products—
Pow
os
1st lien
105%
42%
43 Va
A-0
1978
stpd
ref
&
103
43%
J-D
1965
5s
Power &
105% 105%
99%
43%
J-J
;
.
21% Mar
200
100
„_1
.
series
25
■*: 1
M-S
1950
1st &
Apr
2%
20%
-10
common
Jan
Feb
1,100
2%
Universal
Utility Equities
2%
% May
2% Apr
6s
Illinois
102% 103
J-J
.
1948
4s
Hygrade Food 6s
3%
,
103
105%
A-0
Houston Lt & Pwr 3%si
Jan
,
Af-N
Grocery Store Prod 1st mtge 6s~_1953
&
,v
103 Va
-1953
4%s series A
Power
Guantanamo
104%
101%
.—1969
A__
106%
102
14
M-S
West 4s
Mountain
105%
13
Af-S
Jan
Apr
78%
—-
Insurance
Green
110
102% 103
Af-'N
Jan
%
375
-10
Voting trust ctfs
Great Nor
$107
115%
120%
150
102% 102%
1952
1%
1,000
7
Oil—
Cooler class A
B
Coal
(Adolf)
113%
119
150"
102%
J-D
2030
5s
109
102%
5%s——1954
Mtge Bank—
3%s
95%
107
J119% 121%
tl50% 170
A-0
1961
Serv
Grand Trunk
,85%
1
Af-S
.--1956
—
29
29
;
3-D
1956
5s
9%
"if
1,900
Alden
22%
23
29
.
-.113% 113%
Af-N
1953
Jun
90 Va
.1%
iV
& RR
El
7
12
-.2
Universal
Utah
69
Glen
§AGobel
Feb
9
•
]500
Paper
Universal
Utah
800
May
89%
III
Reclaiming
Universal Consolidated
Universal
5
"%
90
Stores common
United
%
8,100
5
International Securities
Rubber
44
7%
—1
preferred with warrants
S Radiator common
S
43%
—1
common
1st
United
Feb
,
J99
J-D
„
1944
AGeneral Rayon Co 6s ser A
Georgia Power & Light 5s
4
.
^1958
Apr
93
6M2 Mar
-25
-
stmpd
5s
General
•
71%
5s
Gatineau
Feb
'
88%
;
1954
Textile
Power
.
9
,
108% 108%
J-D
1969
Jan
100
M-S
2
80
24
92
1976
stamped
Pub
79%
(Bait City)—
63% Mar
Apr
25
23%
91%
;
1971
37
r-
70%
N
Residential
6s-5s
23%
24
91%
..,
L..
1951
50% May
100
-25
A
mtge 3s ser P
ref mtge 2%s ser Q
Finland
:
25
F-A
Q-F
(Bait)—
33%
'
5
7s
& Pr
5s
Federal Water Service
Jan
6,000
A-0
•
-1969
Pr
23%I II J
M-S
-
M-S
Jan
&
Elmira Water Lt
% Mar
Feb
25o
common-
121%
%
90
U
S
May
As Mar
600
54
29
1950
Empire District
88%
29%
29%
1952
Eastern Gas & Fuel 4s ser A
Electric Power & Light 5s
Mar
iV
51%
5
-10
3
106
23
^1955
—
Continental Gas & El
16% Mar
Apr
108%
128;
23
1927
Cuban Tobacco 5s
Feb
1,600
Ltd—
preferred
Shoe
38a
Feb
1%
550
54
Sharing
U
16
'
May
3*2
dep rets ord regis
10%
United
U
is
lV
iV
tV
;
United N J RR & Canal Co.—
United Profit
U S
100
116% 116%
v
—-
U
sV
3*2
common
preferred—
Co
94% Mar
80 %
'
l%
B
Molasses
Jan
270
107%
125 %
104%
3
23
1953
2 Va Mar
,
Milk Products
Amer
18 % May
62
Mar
15
109 %
104%
101 Va
;
21
——1958
Lt
AConsolidated
87%
23 /•■
1964
3%s
5s__
series
108%
99
132
=
5s
Gen mtge 4%s
Feb
Jan
Power
ref
1st
May
9%
Feb
1%
participating preferred
United
Apr
Jan
7,200
89
3*2
16
1st
United
7%
66
59
"1%
warrants
Light & Power
May
14M2
Stores
warrants
■
100
participating pfd
Corp
United Gas Corp common
1st $7 preferred
non-voting
Common
Feb
1st
-
United Elastic
United
Feb
6%
3 %s
2
24%
.1968
5s
El
•'/
.
24%
1962
5s—
Gas
103%
23%
1970
Gas
Consolidated Gas
66
"7% _7%
common
Cigar-Whelan
corp
May
7%
Feb
Consol
—
Products
preferred
United
Jan
Feb
Omaha..
Chemicals
$3
4Mi
-r-
United
46
Jan
1,500
—
common
of
Aircraft
$5
2%
2%
Canada
United
$3
2,100
2%
57
88%
1998
5s
Debenture
3%
~2%
Corp
;
2%s
Connecticut Lt
3%
Realization
deb
108%
107%
23%
1957
B.——
Debenture
105
106
1
108
1960
Service
102%
1
104% 104%
J
6s
El &
series
Cities
High
24%
1947
JAChicago Rys 5s ctfs
Cincinnati St Ry 5 %s A—
Jan
Low
104
24%
(ACentral States Electric 5s——1948
11% May
January 1
F-A
.
B
Northern
Conv
Ulen
•:
C
Steel
Edison
Range Since
Sold
No.
Af-8
A5%S
1954
Central States Pr & Lt 5%s
stpd—1953
Jan
u
Udyllte Corp
Jan
J-J
1964
F.)—
warrants
series
series
Central
Apr
7%
Jan
5s
Canada
24% May
1% Mar
Mar
M
Bonds
■;
High
125% 126
104%
jr-J
,
1977
Birmingham Electric 4%s
May
U Jan
Friday's
100% 100%
A-0
-1955
Telephone of Canada—.
Boston
Feb
9% Mar
I
Mar
3 Va
6
J-J
1968
_
(B.
without
5s
Jan
1,900
11
~6%
deb
Bethlehem
62% Mar
Apr
3
10
Jan
1948
Bickford's Inc 6%s
11% May
1% Jan
Feb
18%
Jan
1950
5s
1st
Jan
115
3,300
7%
~2%
4% May
Jun
1949
;
5%s
Bell
Jan
4%
113
1,700
23%
13%
r
4%s
5s
Apr
Feb
4,200
3%
22%
-11
preferred
10
Jan
109% 109%
103% 104
103%
-
Co
4%s
deb
Avery & Sons
107% May
113% 113%
1
%
Jan
7
108% 108%
J-J
1953
Jan
7%
Jan
58
3%
104
109%
.2024
Elec
deb
104
J-D
-1970
4%s
Jun
Jan
1%
Jan
Apr
Week's Range
or
J-J
1956
6%
Jan
9%
—
3%s
5s
AConv
Mar
May
X23% Mar
57% May
3% Feb
300
—
23
warrants
convertible
4
6%
100
Last
M-S
-
1961
Assoc T & T deb 5%s A
Atlantic City Elec 3%s
Mar
1
6s
10%
Feb
6
—-
II
Inc
1
25
16% May
119
Apr
19%
6%
'•
--
1
-10
Tung-Sol Lamp Works
80c
7%
500
11% Mar
4,000
J-J
-
v
2016
—
Pow
Lt
A Debenture
'
--
1
Corp
Transwestern Oil Co
Tri-Continental
1,600
2,300
.100
preferred
Tonopah Mining of Nevada
Trans Lux
Jan
6%
4
■
—
7%
v
Jan
22
Mar
111
Apr
Sale Price Bid & Asked
J-J
1970
,
AConv deb 5s
5% May
Feb
12%
5%
5%
Todd
Shipyards Corp
Toledo Edison 6% preferred
23%
114%
1950
Appalachian Pow deb 6s
Apr
11
Jan
10
«
—-
Tobacco
200
'
2,900
7%
1
Stocks
5
10%
9%
21%
——
1
Realty & Construction.
&
10%
s
Roofing Inc
Tishman
Tobacco
6Va
1
1
Shovtl
16
117% 117%
2
Textron Inc
Tilo
2,000
24%
15%
15%
pfd— —.100
& Land Co
9%
Interest
1960
A Conv
5%
9%
Friday
deb 6s
A Conv
5%
200
2,000
~2% ~2%
2%
Exchange
debs
& Lt
(Associated
24%
4%
13%
—
•
deDS—
Amer Pow
Jan
9% Apr
.
Be
Jan
4
£1
York
Associated
«
receipts
American Gas & Electric Co.—
2%s s f debs
Jun
51
1
Feb
Low
Feb
36
15
common—
13% May
Jan
12%
12%
yV
Period
20% May
May
12%
Jan
4%
1
BONDS
11% Mar
Feb
20%
20%
8%
3
9% Mar
5% Mar
10
Preferred
New
Feb
900
-15
Taggart Corp common
3%
Jun
com
Tampa Electric Co
100
200
13
;
3%
110
Feb
.50
Corp
American
Apr
14
10%
500
14%
,3%
•
Portland Cement
May
Jan
19%
conv
52
Jan
1%
10
pfd—100
Petroleum
(F W) Ltd-
Apr
Feb
10
13
_•
B
18
Jan
—1
Light 7%
High
Jan
8%
8
Woolworth
May
6% Mar
Jan
11%
14%
100
15
Jan
34%
II
%
Apr
y
la
Co
Heating
common
&
9
1% Mar
55
Jan
5
Low
16
•
Wright Hargreaves Ltd
200
5%
11
36
Swan Finch Oil
Jan
13%
Range since January 1
High
9 %
Jan
600
10
1%
common
Sunray Oil 5%%
ft
1%
Apr
Shares
10
Co
Inc
Power
Wolverine
Woodley
Va Mar
12
9%
Co
Drug
9
15 Feb
100
6%
Wisconsin
Mar
43%
Machinery
Ray
14%
6
-1
Corp
71
i,oop
.20
—
Stroock
„
Corp
&
Products
Winnipeg Elec
% Jan
% Jan
Jan
1%
300
C>
for Week
Mar
7% Jan
% May
.50
preferred™
2d
Sullivan
1%
Apr
(R
Low
1
Oil-O-Matic
Willson
18% Mar
53% Mar
Ii
preferred
Sterling Aluminum Products
Sterling Brewers Inc
Sterling
Inc
8un
A 1%
v,'
1%
& Co common
1st
19%
114
Jan
54
900
_•
—
Bterchi Bros Stores
6%
1%
(The) Corp voting trust ctfs ..1
Steel Co of Canada
Stein
750
9%
2,100
,_1
.—.
Jan
■ft Apr
68
1
Standard Silver Lead
Standard
Williams
Williams
Sales
Range
of Prices
10
Mfg
2% Mar
108%
%
9
Weyenberg Shoe
«1.%
25% May
25
63
Mar
Inc
Jan
100
5,100
Westmoreland
Apr
15% May
1,700
9VH
1
Co
4
Week's
Last
Par
Jan
Jan
18 %
Friday
Exchange
Sale Price
Jan
18%
64'/a
Products
Curb
Wichita River Oil
6
Common class B
Standard
4%
& Feb
17 y*
17%
109% 109%
%
%
17 '/a
.-100
pfd
500
15%
York
High
May
2
20
2
STOCKS
1
.
(Ky)__.
(Ohio)— 5%
13
JUNE
Range since January 1
Low
1% ~VA
1
ENDING
New
'
Hig-*
3%
l2~78
Standard Dredging Corp common-
Standard
Shares
•
Standard Cap & Seal common
Convertible preferred
Standard
3%
""
WEEK
for Week
Range
Sale Price
FOR
Sales
,
.
Volume
Number
159
THE COMMERCIAL & FINANCIAL CHRONICLE
4287
NEW YORK CURB
/
Friday
BONDS
New
Interest
Exchange
Curb
York
Last
deb
Conv
New
5s
England
New
No.
High
' 81
January
Low
England
Power
A
N
Public
Orleans
Income
fis
82%
Toledo
82%
Twin
Elec
Y State
& Westchester
N Y
Debenture
North
Ohio
Gas 1st
81%
108% 108%
3
100%
100% 100%
104
J-D
102%
102% 102 y8
1949
J-D
M-N
.2004
Ltg 4s
72%
80
,
107
.1945
40
97%
101%
105.
5
109
Ill
mtge 3 Vis-.—.
107%
94%
A-0
A-O
104%
i
110ft 115%
103%
19
105 %
Public
Oklahoma
Service
.1962
.1948
Power & Light 5s
Park Lexington 1st mtge 3s___
Penn Central Lt & Pwr 4Vis
,
f-a
.1955
Water 5s
Power &
Pacific
F-A
F-A
.1964
:
.1977
.1979
Philadelphia
Elec
Portland
5s
Gas
4Vis
of
Service
103
3
102
108%
103% 104
41
103
104%
6s
series
Harbor
Safe
San
Utah Power
108%
6
106%
A 5s
105% 105%
13
104%
151% 151%
13
137%
105%
income
A-0
1979
102% 103
111% 113
112%
J-D
A-0
104%
A-0
104%
5
54
A-0
—->-1970
Coal 6s
Power
1947
5s
Southern
Counties
Gas
Gas
1957
Indiana
1965
L
109%
1
104
113
128:
80
86%
104%
104
73%
92
103%
105%
104%
103%
104%
105%
104
105%
105%
$107
—
108%
O
++
F-A
86
109
103%
104%
'
:
•
86
10
72%
1
106%
108%
103
86
Af-S
1989
M-N
—
89
89%
5
83%
——May 1948
May 1948
A-O
96%
94%' 97%
144
86%
97%
A-O
96
94%
114
87
97%
F-A
96%
95
6s
New
1951
4
103% 103%
—.
91
97%
97%
55
86%
97%
1966
J-D
96%
95%
97 %
47
86%
97 y4
F-A
95%
94%
97'A
127
86%
97 »A
F-A
96
94 %
97
44
86 y4
ACauca
AStarrett Corp
A-O
30%
30%
31%
12
29%
Dec 1
Inc 5s
Corp—
A7-4s 3d stamped
J-J
1946
—
$21%
of
(Hugo)
stamped
F-A
118
100%
101%
$99% 100%
F-A
96
94
96
J-D
$97
100
1947
Service
5s
1960
$21%
J-J
1956
-
Light 5s
York
Curb
J-D
$97
100%
Friday
Exchange
Interest
M-N
J-J
105%
22
85
96
96% 100
96% 100%
or
Friday's
$56%
J-J
$56%
J-D
$21
M-N
1953
F-A
J-D
1947
Af-N
21
14
104%
106%
105% 106
28
105
108%
—
117%
118 %
..
1927)—
(State)
de
6%s
Government
6%s
A5%s
Cash
par value,
sale,
63%
19%
21
17
22
34%
38
25%
25%
23%
38
25%
18
$39
1947
A-0
J-D
1972
J-D
M-8
J-J
1919
J-D
6%
6
J-J
6%
6%
a
$Friday's bid and asked prices;
ABonds being traded flat.
SReported in receivership.
no
$39
36
37
37
$16
18
16%
17%
$55
.
—
65
58
71
37%
37%
3
33
37%
38'/a
d Ex-Interest,
sale,
25 %
33%
__
1931
Deferred delivery
Ex-dividend.
x
21
72%
38
1959
7s
Janeiro
ARussian
16%
62
60
1921
AParana
A Rio
55
20
1958
A Mortgage Bank of Chile 6s
Mortgage Bank of Denmark 5s
24%
105% 105%
1927)
57
54
$60%
—
High
51%
64
1951
(issue of May
A7s (issue of Oct.
Low
—
$20%
A7s
No.
23%
M-S
stamped
Mortgage Bank of Bogota—
Range Since
January 1
Sold
__
64
M-N
7s
7s
Bonds
High
A-0
1958
20
22%
120
Week's Range
Last
Sale Price Bid & Asked
1955
5s
AMedellin
r
19
22
$118
Period
1948
Valley 7s
5%s
•No
20
—
A-0
—1946
A
23
•V--
2022
&
Power
series
105% 109%
114%
116
$17%
w
■:
deposit-——-—
Industries—
'V;
Electnc
Texas
Texas
6s
1950
.
2nd
7-4s
45%
116
J-J
37
Stinnes
24%
105% 105%
116
Danzig Port & Waterways—
A External 6%s
stamped
1952
ALima City (Peru)
6%s stamped_1958
97
I
A Certificates
J-D
Agricultural Mortgage Bank (Col)—
A 20-year
7s
April 1946
A 20-year 7s
Jan 1947
Bogota (see Mortgage Bank of)
104%
108% 108%
gold debentures.—-1957
Standard Power & Light 6s
1957
(Hugo)
A-0
46
38%
Foreign Governments & Municipalities
Extended
107
—
y-* O
85
F-A
6s
Stinnes
109
110%
37%
AMaranho
28
& Electric-—
6s
106%
108%
38%
1937
Rys Co 5s stpd
AStamped 5s
104%
105
105
2022
(stamped)Conv 6s stamped
Debenture
107%
$109% 109%
2030
IA York
Danish
$105'/a 106
105%
J-J
1970
8s
6s
Debenture
$102
J-D
.1960
5s
j-d
1964
Newspaper Union—
6s unstamped extended to 1959
6s stamped extended to 1959
105%
$104% 105%
'
——
A-0
-1971
1951
Spalding (A G) deb 5s
Standard Gas
Traction
M-S
1951
Low
(Calif)—
Rys 4s—
&
P
115%
116
103
127
2
90
90
M-S
1970
Southwestern Gas & Elec 3Vis_
Southwestern
Penn
99%
98%
__
79%
79%
J-J
3s
mtge 3s___
Southern
$125%
J-J
3Vis
Edison
California
1st
6s
D
California
114%
111%
1954
>
1951
Carolina
Af-N
BONDS
1967
Southern
dabs
>
Scullin Steel inc mtge 3s
Southern
2022
Ry & Elec 4s__.
151%
J-D
Shawinigan Water & Pwr 4Vis
South
A
105%
108
M-a
series
series
Water Power 3%s
Penn Electric 5s
109
108
M-N
4 Vis
Estate
Wyoming
114% 114%
$115% 115%
Light Co—
6s
112
92%
J-D
4%s
F-A
-
110% 111%
111%
2
109
99%
1951
1st
1952
&
Debenture
110% 110%
102%
99%
109
1952
Sheridan
100%
106
J-D
1952
Water
Real
99%
.
117
108%
.1949
Joaquin Lt & Pwr 6s 3
ASchulte
4s
A
Colorado—
A
series
J
107%
4
m-a
Queens Borough Gas & Electric—
5 Vis
101%
102
108%
113
103
.1959
4 Vis B____
New Jersey—
certificates
perpetual
109%
106
$106% 107
t: a-o
.1964
(Can)
Sinking fund deb 4s
6%
$101
M-N
.1956
mtge 3Vis
Public
J-J
86%
102
108
107%
76
107%
.1961
Public Service Co of
1st
$107
21
103%
107 %
106%
112% 113%
112%
m-3
99% 100 %
A-0
N
Western
106
$107% 108
109 Va
A-0
50%
105%
~3
106% 106%
104%
107%
Light & Power. Co—
West
40
$109% 113
106%
f-a
.1950
:
F
Corp
8
101%
3
Co—
E
5s
106% 106%
18
108% 109'/a
1st lien & cons 5%s
1959
United Lt & Rys (Delaware) 5%s_1952
United Light fit Railways (Maine) —
West
104%
105%
~1
103% 103%
109%
j-d
109%
103%
M-N
J-D
.1962
6s
extended
Edison
series
Power
Coke
&
stamped
Potomac
Transit
107%
102 %
50%
High
103%
j-j
Waldorf-Astoria Hotel—
110
$104% 105
50%
Low
F-A
1968
J-D
106%
$102% 104
J-J
5%s—, .1972
Power
Rapid
';:
M-N
.1970
20
107% 107%
J-J
Pennsylvania Water & Power 3%s. .1964
Philadelphia
107%
January 1
1949
Wash
4s
Range Since
Sold
NO.
1979
City Rapid Transit 5%s
Wash
Ohio
Bonds
High
104%
108
105%
109% 109%
$104
Friday's
or
1952
95%
86%
$103 % 104
109%
5s
3%s
Electric
107%
9
32
95%
Power
Edison
United
103
7
110 A 110 A
m-n
.1968
3s
107
107
J.J
Water
United
101%
105
Week's Range
Last
Sale Price Bid & Asked
108%
95%
109% 109%
109%
J-J
.1971
1st
mtge
104
J-J
.1954
.1948
Utility 5%s
5s
Power
1st
V 80%
108%
A-O
.1964
5s__
Continental
Ogden
81%
M -N
V
Nov
A
Gas 3%s__
&
m-n
—;— .1954
81%
82%
81%
Friday
Interest
Exchange
Low
72%
80%
Curb
High
72%
81%
■
York
Period
Service—
series
New
19
81%
.1961
Debenture 5'As —!
New
2
1
26
M-S
J-D
.1950
5s_;
Assn
JUNE
Tide
.1948
—
3 Vis
Power
EXCHANGE
ENDING
Range Since
Sold
.1948
v.
WEEK
BONDS
Bonds
Friday's
or
Low
New Eng Gas & El Assn 5s
FOR
Week's Range
Sale Price Bid & Asked
Period
.1947
RANGE
2333
39%
6
34
39%
6%
46
3%
6%
21
3%
e Odd-lot
sale,
n
Under-the-rule
7%
7%
sale,
sales being transacted during current week.
...
Abbreviations used above—"cod," certificates of deposit; "cons," consolidated; "cum," cumula¬
tive; "conv," convertible; "M," mortgage; "n-v," non-voting stock; "v t c," voting trust certificate*;
"wi," when issued; "ww," with warrants; "x w," without warrants.
•
OTHER STOCK EXCHANGES
RANGE
Baltimore Stock
Friday
Last
STOCKS
Sale Price
Par
Arundel
Corporation
Bait Transit Co
Preferred
t
v
t
Chemical
of Prices
Low
Shares
815
1.25
775
7%
9
1,899
10
66
116
116
1
Cities
Range since January 1
14
%
Service
Copper
*
Fidelity & Deposit Co
20
Range
Jan
Eastern
Jan
—
Fidelity & Guar Fire Corp
Houston Oil of Texas 6%
Maryland
10
pfd vtc
lOVa
Jan
4%%
Apr
69
116
126
115
Jan
14
145
Feb
10
142
May
15% May
Jan
150
Jan
May
45%
100
1.35
45%
4
43
Jan
46
30%
260
27
Feb
30 V2 May
a.35
1.35
24
1.00 May
2.00
Eastern
Moore
Mt
(Tom) Distillery
25
85
Vernon-Woodbury Mills pfd—100
Amsterdam Casualty—
2
Street
Mass
Fidelity & Guar
50
Jan
30
92
17
16%
17
150
13
*
10%
10 y4
11
185
•
30
29%
30
87
1
11%
11%
12
227
SS
Employers
Lines
Group
Engineers
100
Inc
common
Association
Public
Service
National
Stores
•
May
10%
10 y4
10%
A
4s
-—1975
59
885
81
Jan
85
Apr
Isle
50
57%
59
67%
-1975
—
68 ,*.,
24
Apr
26 V*
Jan
Kennecott
$68,000
"
15,000
Copper
Associates
Util
v
t
,
.
.
v
BTOCKS—
"
Par
American Sugar Refining
American Tel .& Tel_«*
American
Woolen
Boston & Albany
-100
—'•
-
50
RR
.100
Edison
Jan
59
Mar
Mergenthaler
59%
Jan
69
Mar
Narragansett Racing Assn Inc
Linotype
40%
,
160%
7%
Tunnel
112%
&
Mines——:
71
—
40%
160
•
Low
41%
180
161%
•
7%
Apr
24%
Feb
27% Mar
.
115% May
112% 115%
,
40%
May
United
Drug
74% Mar
United
Fruit
Jan
19
32% Mar
4 Va May
12%
12%
6%
6%
12%
—5
-
-
4 Va
1,200
2%
Feb
4%
200
3%
Jan
32
35
23%
Jan
1
200
60c
Jan
—*"
1
32
32
l
1
r
55%
50
25.
*
22% Mar
United
8
Shoe
55%
14,
Machinery
common
Rubber
Jan
41%
Feb
1%
Jan
4%
Feb
Warren
5
Jan
8%
Feb
Westinghouse Electric & Mfg
17
-5
-Jan
8%
Jan
78
12
Apr
50
6
May
7
450
632
11%
5c
300
5c
•5c
Feb
1% Mar.
Jan
56% May
Jan.
10%
Feb
14% May
15c
May
1%
100
1
230
103%
Apr
Jan
1% Mar
Feb
108% 109%
Apr
1%
109%
6
36% Mar
109%
Jun
Mar
35c
40c
1,535
30c
Jan
46c
25c
35c
125
10c
Jan
45c
Feb
40%
37%
40%
245
25%
Jan
40%
Jun
29%
29%
25%
Jan
86c
Fee
30% May
1% May
35c
1%
"
1%
30%
928
1%
1,000
150
11
10%
■1%
1%
200
14%
14%
14%
540
11
.
9%
1
12
Jan
Jan
'
12%
Jan
7% Apr
Mar
1% May
14% May
9%
Feb
8%
161
90%
90 %
10
90
Mar
91
Mar
50
32
May
36
Mar
8
*
5
33
33
33
15%
14%
15%
82%
82%
82%
25
72
'
71
72
48%
48
48%
85
11%
11%
45
26
26
26
150
99%
99% 100%
278
"
338
12%
Feb
15%
T
497
75%
Jan
82% May
:
6oo
69%
Jan
74
Jan
40%
Feb
48%
Jun
10%
Jan
12 yB Mar
20%
Jan
26
91%
Feb
100%
Jan
108
Jun
Feb
5
;
9%
14%
10
—
Co—,
47%
110
56%
9%
13%
9%
.*
100
2.50
-
*
Inc
13
—
3%
4%
4%
100
8%
Waldorf
805
8%
3%
Jun
Jan
Feb
—*
106
40%
8'/a
3%
1%
1
30
——10
——
Co
36
Jan
.100
2339.
Torrington
Jan
Jan
67
100
Jun
Jan
11 Va Mar
Jan
100
Stone Sc. Webster Inc_
32%
21%
7%
41'/a Mar
34
37%
.
449
Suburban Elec Securities $4 2nd pfd—*
96%
40
—
—
Machine—
Machine
Assn.
509
21%
—
Co
Folding
255
7%
i.u—.
Reece
Shawmut
2,303
7%
Personal Prop Trusts-
RR
Mining
Button Hole
71%
7%
9% Mar
Reece
35%
7%
page.
-
Pennsylvania
70%
.100
see
161%' Jun
5
454
.100
class C 1st pfd stamped—-.
10% class D 1st pfd stamped
footnotes
Jun
7%
7%
For
41%
155%" Feb
Feb
1%
—-——*
Mills
Quincy
U
.100
Hecla
Feb
20
26%
.100
&
2,539
High
7%
preferred stamped
8% class B 1st pfd stamped—
Calumet
Range since January 1
v
prior preferred
6%
Boston
Pacific
for Week
Shares
Jan
33% May
31%
100
Colony RR
34%
35
—•
*
Old
25%
26
.100
Range
35%
31.18
y
1%
Cos—————1
Service
Sales
of Prices
Jan
13% Mar
30%
-5
England Tei & Tel
—
North Butte Mining———
Low, High
r:
-25
Boston Elevated Ry._—
Boston Herald Traveler Corp
Boston & Maine RR—
•
7 %
:
-100
—
Anaconda Copper
Boston
Sale Price
32 Va
Jan
1%
c_———1
51
Stock Exchange
-
Apr
30%
5
common
New
Week's
Feb
21% Mar
12 V2
•
—
Corp (Del)
National
Last
105
Jan
Jan
National
Friday
Apr
Mar
15
Royale Copper
Nash-Kelvinator
*
69
39% Mar
Jan
8%
160
Corp———i
5% preferred —.I——.——100
Transit Co
10
*
41
;
29 Vb May
155
39%
Gillette Safetv Razor Co
Mass
series
39'/a
90
Jan
*
;
Jan
8V4
1,464
Bonds—
5s
39%
34
Capital
Maine Central RR common——
Baltimore
102
101
100
'
Eastern
2 Va
Jan
32 %
36%
Jan
35%
56 V4
275
34
65
80
370
37%
35%
8
37%
Feb
66
36
34
85
36%
1%
100
1%
64
37%
Ry—
ISt pfd series A
Lamson
U S
1%.
66
36
32
25%
6% Mar
*
Jan
85 4:
Jan
—1
30
25%
17% Mar
5%
General Electric
240
85
New
High
Feb
400
Mar
31
.
Low
13%
100
pfd adjustment
General
31
Range since January 1
89
16%
6
6
*
6%
First
West Penn Pub Serv—
preferred
25
Shares
High
Feb
Monongahela
7%
6
*
15%
Sales
for Week
100
prior preferred
6% preferred
Mar
'29 %
25
Pa RR
&
Low
15%
,,
Range
Fuel Associates—
Common
Apr
64%
Co
Gas &
1.75
250
15 Va
144
Week's
of Prices
High
18
Apr
1.00 May
7
1C
5%
.15.
Last
Sale Price
Low
15%
100
i.„
Friday
STOCKS—
High
1.00
66
Co
2
Par
15%
•
com
JUNE
Sales
1.25
9
ENDING
for Week
Range
15%
100
preferred B
Davison
Week's
•
c
c
Consol Gas E L & Power
4%%
v
WEEK
Exchange
*
common
FOR
30
26
9%
14
7%
Feb
Jan
Feb
System
(S
D)
Inc-
Co—.——
*
*
50
Jun
Jun
Bonds—
Eastern
6s
Mass Street Ry—
series
D
1948
108
108
$150
107
May
THE COMMERCIAL & FINANCIAL CHRONICLE
2334
Monday, June 5, 1944
OTHER STOCK EXCHANGES
RANGE
FOR
WEEK
ENDING JUNE
2
Friday
Last
STOCKS—
Chicago Stock Exchange
Friday
Week's
Last
Range
of Prices
Sale Price
STOCKS—
Low
par
Advanced
Aluminum
Laboratories
Allis
Chalmers
American
Armour
Mfg
Co
Co
14 Va
16 Va
37%
100
200
10
1%.
1%
6'/a
6
6Va
400
3%
3%
15 Va
15 Va
24
26
Radio
Corp
Co
—1
,
(E
5%
L)
&
Co
Gentral
111
6% Mar
3%
Feb
16
Jan
26
4%
Feb
14%
350
May
15%
8%
Jan
9%
33%
Jan
38%
Jan
11
750
8
300
16%
34%
Jan
3%
300
3%
Feb
41/4
'
' *
'•
..
150
6%
900
10%
29V4
22
Jan
26%
4%
Jan
lien
1,250
9
Jan
200
28
Jan
21%
100
91
100
1
preferred——
ft
Preferred
ft
Cherry
Co
20
.
Jan
Va
Burrell
Chicago Flexible
Chicago &
Shaft
4%
Jan
91%
70
79
Jan
93
18%
100
17
Feb
%
80
29%
30%
50
951/4
i
w
Corp
*3%
Jan
116%
63 %
Co
.
'
Jan
18
Apr
18
Commonwealth
Edison
100
12%
Jan
14%
6,550
46%''
4% May
45
400
Swift
28
300
25
50 Va
Mar
58%
95%
Common
shs
part
vtcB
200
51 %
Apr
58%
Works
Jan
88
Jun
Oil
Common
16%
2,100
13%
Cudahy Packing Co 1%
26%
6,300
24%
4%
500
4 Vb
3%
of
Indiana
26%
Jan
Apr
5Vb
Jan
Feb
10%
50
■
4%
5
200
2%
JaU
Cunningham
150
20
Feb
24%
24%
1,100
19
Feb
24%
98%
99%
99
93%
Jan
26'A
26%
26%
50
21
21
50
22% May
20 Va Jan
50
15 Va
18%
Dayton Rubber Mfg common.!—.——_1
Decker
v
■
(Alf) & Cohn Inc—
Co
&
,
common
Dixie-Vortex
Co
8%
*
42%
Domestic Industries Inc
Paper Corp
Electric Household
Fox
Corp
5%
9
31%
—100
Hall
Printing Co common—;
Harnischl'eger Corp common
Inc
%
9%
700
8
Jan
10
32%
V.; 250
Jan
32% May
250
50
92
400
4
2,750
V
8%
60%
400
750
International
Interstate
Jarvis
(W B)
$6
95
4
Jan
60%
Jan
20%
16%
17
200
15%
Apr
17
9
YY. 400
8%
Apr
9
9
8%
15%
16
1%
"""
8
Jan
11
5%
9Vi
15
Kentucky Util jr
La Salle Ext Univ
300
13
Radio
Corp
13%
Jan
16
Jan
3,300
YY 700
4
Mar
300
19% Jan
16%
16%
350
16
1
6
6
550
10%
Jan
Iron
May
5% May
May
17% Mar
6%
Feb
6
YYY
Corp
Standard
(The)
Brands
Studebaker
Corp
U S Rubber
Baldwin
25 Va
50
51%
52%
450
125 >/4 125
,7
Y
29%
'vv
27% Mar
23%
Jan
50%
Apr
55
Mar
Jan
127
May
120
%
50
7%^
3,500
3%
Jan
100
26 Va
Apr
29%
100 >/4 100 %
Jan
May
7%
Jun
,
100
91vb
29% May
100 % May
Feb
12%
12%
350
11%
Apr
101% 101%
30
98%
Jan
101% Mar
3%
700
2%
Jan
3% Jan
10%
34,300
12
12 'A
3 v4
\
10
4%
5
66
350
5
100
66
6v4
6v4
500
37%
38%
650
10
10 V8
1,000
25%
26 Va
850
•
Jun
4%
5%
Jan
10% May
5% Apr
Apr
8 Va
62
69
Jan
34
Jun
39% Mar
Feb
9
Jan
6%
Feb
58%
57%
5
5
7%
common—.
36 Vb
7%
20
Co
Feb
10% Mar
24%
Jan-
27% Mar
56%
10
1
Jan
68% Mar
600
56%
Jan
60%
VB
200
5
Apr
6Vb
Jan
36%
400
35
Apr
37%
Jan
7
Jan
8% Mar
Jan
20% May
58%
5
7%
400
20 Va
150
16%
Jan
13%
6,900
11%
Apr
14% May
18%
400
15%
Jan
20% Mar
26 Vb
14
14%
17%
.—5
1,800
23%
27%
45 Y
Feb
27% Mar
45
250
37%
Jan
45
May
•
16%
16%
16%
350
15%
Feb
18
Mar
»
—
9%
9%
9%
400
16%
17%
1,550
27%
•
25
56%
56%
100
1
,
common
16%
17%
1,400
48%
48%
150
17%
10
common
10%' Jan
8% Apr
16
18% Mar
Apr
28% Mar
*
common
Champion
15%
600
13%
Jan
15%
Jun
31% Mar
52%
Feb
56% May
14
Apr
17 %
Jun
40%
Feb
48 %
Jun
Sale Price
■/''■" /Y
.
Range
of Prices
Par
'
_—20
8
Low
29'/a
29 Va
Sales
Shares
'
■'
.
•
Range since Jannary 1
Low
120
High
Feb
30
May
7% May
9
Mar
25 V4
7%
7%
7
6'A
200
25%
25%
15
22%
103% 104 %
203
100%
108% 108 VB
50
7%
*'
«
High
29%
'
for Week
6%
1
Paper & Fibre
Cincinnati Gas & Electric preferred. 100
N O & T P
50
:
200
4%
Jan
6%
Jan
Cincinnati
Telephone
7%
1,150
6%
Jan
8 V4 Mar
Cincinnati
Union
49 V*
10
47%
Jan
49 %
May
Jan
3% May
Apr
8
4%
Jun
5
4%
4%
100
27%
27%
50
32%
230
*
5
McCord Rad & Mfg class A
*
30
4% May
27
Mar
5
Dow
Drug
16%
16%
200
9%
9%
100
22%
Jan
16% May
8% May
33
33
•
15%
14%
15%
950
32% May
13% Jan
1
6%
6v4
6%
600
5 Va Mar
5
10%
2,400
10%
10%
100
10
10
100
10 y4
9%
100
9%
108%
8%
8%
50
Stock
76
!*
Yards
9%
*
Crosley Corp
.6
Mar
6%
Jan
19
——
100
preferred—
100
—
9
150
76
85
99
7%
72
26%
Feb
Jan
104%
Apr
Jan
108% May
Apr
Jan
9
Mar
Jan
78
Mar
9%
79
8V4
Jan
11
Apr
20%
220
17 %
Apr
21
Mar
May
100
May
Apr
12
Jan
35
Jan
36
% Mar
100
5
100
Apr
Apr
.
27%
Eagle-Picher
Apr
Formica
33
_10
.
Insulation
11%
11%
31
*
;
31
13
10%
30
May
Art
0
34%.
34 V4
50
29
Jan
40
—
40
50
34
Jan
43
33%
34%
122
31%
Jan
35% Mar
Mar
c43 %
Jan
Hatfield
9%
Feb
Kroger
34
11%
100
Jan
Gibson
—
Week's
Last
■
if
6
1%
--
•
C
6%
32%
••••
Brewing
Burger
49'A
McQuay-Norris
.
—_—.——
Jan
200
& Hart
25 Vb
*
Laundry Machine
10
1,000
Miller
14
Feb
74% May
3,800
lien
49%
Jan
common
'."////':;'"Y
American
Jan
4%
West' Corp capital
Util 6% prior lien
Feb
12.
50
'
Apr
7%
prior
45%
Friday
4%
68
3%
7%
150
13%
5
STOCKS—
10
4%
Middle
49
13%
—
36 %
.::
100
7%
Midland
49
May
Cincinnati Stock Exchange
7%
3V4
*
32% May
•
common
7%
1
common
31%
Jan
10 v*
•
common
Standard Oil of N J—
74%
7Va
Prod
Jan
v^Y';;;
28
50
Corp
6
7Vb
50
capital
14
27 Va
500
com—100
Republic Steel Corp common
14%
common
Jan
14% May
18 % Jan
Jan
600
3 v4
1
7%
__
3V4
Mfg
com
Inc
Jun
6
5
Field
San
Fe Ry
Co
(Glenn L) Co
17% Mar
23
—7
Consol
34%
12 Vt
650
*
1% Mar
common—
Marshall
Apr
32% Mar
Jan
14%
1
Electric
74%
—
Printing Co common
Lindsay Light & Chemical com
Lynch Corp common
:
Mapes
2%
43
Jun
Llbby McNeill & Libby common
Mickelberry's Food
Jan
♦
.
Copper Mining
*v
16
—
Apr
2
Stocks—
Radiator & St
Mar
iv4
23
Manufacturing__*
McWilliatns Dredging Co common—*
27%
100
2
32%
*
common
Apr
500
6
Feb
100
1%
12 V*
15%
Lincoln
780
Feb
8% May
30%
2
capital
43 % Mar
'22%
—
.
11%
22%
preferred-
cum
32%
Feb
6
Jan
Jan
15%
1
2,050
Mar
Jan
•
common——*
8%
14
*
common—.
Radio Corp of America common
Mar
37
100
Co capital.
Switchboard
24
32 %
L*
.
common
Cincinnati Street
Kellogg
13% May
JUn
Mar
.
1
Katz Drug Co common
Jan
20%
May
;■
12%
*
10%
650
30%
7%
«
common.
Co capital
Mach
Pure Oil Co
Jun
Jan
12%
*
1,000
14
52%
Pullman
8% Mar
Feb
13
30
common
13%
30%
125 %
Paramount Pictures Inc
Mar
19 %
500
preferred—
Apr
21%
650
New York Central RR capital
May
Jan
150
10
Harvester
Power
8
51%
Feb
400
11%
common—
May
Feb
"
40%
Indianapolis Power & Light common—*
Products
3%
14 Va
'
Steel
39
Jan
20
11%
t c_—
5
650
__*
Nash-Kelvinator
17% May
12% Feb
May
14
12%
common.
v
10%
19%
200
40%
capital
Indep Pneumatic Tool
17
20
10%
11%
1
29%
6% Mar
Jan
10%
40%
—
Jan
23%
Bankshares—
Industries
Martin
Feb
8%
Y
Indiana
Inc
Oil-O-Matic
Interlake
Mar
5%
10%
10
Hershey class B—,
Hupp Motors common (new)
Co
30
25
Houdaille
Illinois Central RR
Jan
—1
common...
common
Illinois Brick
25
59%
10
Heileman Brew Co G "cap
Horders
8
*
•
40
11%
3%
_10
*
250
17%
90
4
1
3%
300
14 %
1
Products common
Stores
General
Jun
6
11%
5
May
33%
.5
Curtiss-Wright
Jun
9
29
17%
n%
91
14
•
Atch Topeka & Santa
Bethlehem Steel Corp
1*6% Feb
29
Y
4%
2
100
preferred
prior preferred—
Unlisted
42% May
Apr
13 V4
common
common
Spencer Bartlett
'6% May
36%
Jan
Gillette Safety Razor common
Gossard Co (H W) common.
Great Lakes Dr & Dk com
Hibb
;C
Jan
—5
—15
*
Motors
550
200
15%
10
Preferred
General
9
42%
10%
Auto__
13%
Feb
33%
2
common
Anaconda
18% May
Jan
100
31 Va
Jan
14 vt
5
common
cumulative
American
Feb
750
1
—
Corp
21%
16%
Brewing common
Finance
18%
Jun
13%
*
Util Corp
Drive
(Peter)
General
Steel
Zenith
Mar
16%
Metallurgical ———*
Four-Wheel
S
Yates-Amer
27% Mar
12%
class A
Elgin Nat Watch Co
Fansteel
;
102
*
(The)__—
Jan
11
85
Jun
—*
common..
21v4
50
100
YY
13.14'
33%
25
Common
■
—
Dodge Mfg Corp common
Eddy
i
—-;_10
Common
Deere
;
,
100
23
91
31
—
25
Woodall
5% Mar
Jan
24%
——2%
Stores
Drug
8% May
25
capital—
(The)
Wisconsin
12V4 Mar
99
-30
4% May
Jan
__5
capital
Co
Williams
Jan
24%
pfd—100
cum
———
——
Jan
6%
7%
8v4
—1
Corp
Cum
17% Mar
Feb
2% May
24
25
common
'Common
24%
—20
——
Co
3%
150
20%
.
capital
Co
Wieboldt
Container Corp of America-
Crane
300
22%
capital.
Walgreen Co common
•
Westinghouse Elec & Mfg common—50
Jun
78%
200
■'4%
4%
*
4%
8%
4%
——'—
Utah Radio
Jun
500
2%
10%
10%
Apr
Dredge—
&
1%
Jun
28
58%
4%
50
Jan
13%
Wrigley (Wm Jr)
Com part shs v t c A
4
May
13% Mar
2%
90%
15
U
Co—
Consumers
May
11%
13 j/4
United Air L Transp capital—
Jan
88
26%
26%
1
35
50
■
common—
Texas
6% Mar
Jan
2%
25
30 % May
Jan
4%
23
common
Swift International capital—
Apr
6%
28
15%
common
Feb
Jan
8%
4%
__
Corp common—
Sundstrand Machine Tool common
Apr
14%
Jan
10
Consolidated Biscuit common
1 Vb
26
31%
*••
capital
Co
&
•'
Stewart-Warner
Feb
58%
150
82
common—*
Club Aluminum Utensil Co
May
19% May
Jan
Jan
111
200
86%
Cities Service Co common—
%
12 V4
12 V4
••:
Lathe
Bend
Standard
Jan
95%
—5
,
3%
3 Va
.
Jan
ft
91%
58%
——
—
common—
Y 1,300
33% Y:';V:Y, 10
3% YY/-' 100 '■
33%
Corp class B common—
Common
ft May
Va Mar
:
95'/a
i——
29%
common
Cummins
Standard
29% Mar
Jan
28
common
w
common
Preferred
Chrysler
5%
46
*
5
2,100
4%
18%
%
—
Northwestern Ry—
for
c
i
230
18
14%
*5%
1
—
61
30
17%
common——5
Corp
3,100
113
60
18
Jan
90%
Spiegel Inc common..
._2
St Louis National Stockyards capital—*
21% Mar
»88% Apr
1,100
%
113
—*
common
Chicago Corp common
Convertible preferred
V t
Va
*
Belt
Chain
%
*
24
4%
Trane
Prior
200
18%
Sinclair Oil Corp
South
6% May
10% Mar
21%
—50c
Mar
32V4
common-
V
■
Roebuck
Serrick
38% Mar
Corp—
Central S W Util common—
Mar
34
20% Mar
Jun
26%
90
———————
118
Jan
90%
common
Steel Car
Schwitzer
Apr
10 VB
pfd
Jan
22
5
capital
Co
Sangamo. Electric
Jan
850
29%
10%
Jan
95
100
150
18 Va-
—10
A
Raytheon Mfg Co 6% preferred
Mills common
Sears
18 Va
5%
--
16%
: to
32%
107
32% May
4%. May
—10
Rollins Hosiery
Jun
38%
20 % Mar
32
32%
(The)
(The)
High
38% May
Jan
"
May
3%
—10
$6
Serv
Co
Pressed
Jan
200
Potter
Feb
350
38%
10%
A
RR
Circle
33%
17 Va Mar
32%
18 V*
common—
class
Elec
Pennsylvania
50
Jun
14
&
Perfect
Apr
20
300
Jan
37%
6%
30
common
Pub
Secur
Common
Jan
12%
50-
10 Va
26
10
Illinois
4%
Gas
250
107
-100
common.
B
Switch
Penn
Jan
Elec
.
—
-1
common.—
(A M)
Central
1%
Penn
•
5
common—:
Ring
convertible preferred
Castle
Jan
9%
9
3%
Brothers
Butler
Jan
Wire—
&
Piston
Jan
Low
38%
17%
-100
(The)
■Peabody Coal Co
6% preferred
Feb
6
1
1,750
38%
37%
common—
Common
Bruce
14 Va
39%
112%
18
5
5
Inc common
Corp
Fence
Brown
common
Corp
Bliss & Laughlin
Borg-Warner
26
\ 14%
9
38%
10 %
*
_5
1
Corp—
Aviation
Berghoff Brewing
Burd
—
Apr
Range Since Jannary 1
High
38
._100
i
_■
Shares
17%
38%
—
common
lien pfd—
pr
preferred
Parker Pen Co
Jan
Apr
4%
Util
West
7%
5% Mar
May
108
2,400
3
Bendix
33 %
3,950
1 %
&
Belmont
20%
5
Nor
17% May
Jun
5%
5%
Seelig Mfg A common-.
5
Bastian-Blessing Co common—-—*
Belden Mfg Co common—
10
(De)aware)
Jan
•I6V2
„_4
Mfg Co common
—
Athey Truss Wheel capital——
Aviation Corp
12%
800
1
Asbestos
Barlow
Jan
Low
.—20
Northwest Bancorp
High
4%
110 Va 110'/a
o
common
400
36%
1100
pfd
5%
16 Va
16'/a
.—
Service
Public
&
«
common
Range since January I
Low
4%
4%
1
Aetna Ball Bearing common
Allied
Shares
High
14%
5
Castings
Noblitt-Sparks Ind Inc capitalNorth American Car common-
for Week
for Week
of Prices
Par
Sales
Sales
Week's
Range
■
Sale Price
V
Feb
15%
Jun
—100
pfd
•
*
Procter & Gamble
34%
Feb
55%
54%
56%
220
52%
Apr
58 Vb
Jan
11
10%
11
203
8%
Jan
12%
Apr
8
Jan
8%
Feb
Jun
6%
participating
■
Feb
300
5% Mar
350
5% Mar
11% May
11% May
S.
*
Printing
11 % Mar
10
10'/4
U,
'
Western
Bank
8%
8%
500
Inc—
*
Common
$1
2%
prior
Modine
Monroe
common
Chemical Co
Common
I———10
preferred.
Mfg
preferred
Cylinder
Gas
common
National Pressure. Cooker
common
National Standard cap stock
For footnotes
:
see
page
2339.
2%
600
10
10 Va
300
28 V4
'
—*
28
200
48
*
common—'•
A
——
28%
V4
1%
9Vi
28
Jan
2% May
Jan
10 v4
Feb
30
Jan
Unlisted-
American
*
1
2
io
2%
12
13%
20
40%
Jan
48
300
2v4
Apr
2% Mar
450
41%
Apr
*
Fuel
13%
13%
19%
20
14%
20
568
25
12
15
Jan
Jan
14 V4
Feb
20 V4 May
48 Va Mar
29
50
27%
Jan
30
12
.
&
Jun
2%
46%
28%
—
—
48
45
46%
25
Rolling Mill
Mar
City Ice
™
_.
Montgomery Ward & Co.
Muskegon Mot Spec class
National
*
.
12
200
13 V4
13%
100
36
36
50
11%
12
32%
Feb
Feb
12% Mar
Apr
13 Va
37
Fefc
General
•
~
Motors
Standard
10
Brands
_•
•
60%
—
4v4
150
Apr
5V4 Mar
60
60%
212
51%
Jan
60% May
30
30%
33
28%
Jan
31% Mar
30
43%
Apr
48%
4%
——
•
4
Apr
Jan
Columbia Gas
Timken
Roller
Bearing
*
—
46 V*
46%
46 v4
Apr
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4287
Volume 159
2335
OTHER STOCK EXCHANGES
RANGE FOR WEEK ENDING JUNE 2
Cleveland Stock
Last
Manufacturing™.
50
Brewing Corp of America.——
Low
3
Akron
Brass
City Ice & Fuel
Preferred
Corp
Eaton
Apr
Feb
15
Jan
20% May
Apr
105% May
104%
7
1
20'/a
20'/a
18%
Jan
22
Jan
—*
76 V2
77
159
63
Jan
79
May
16
16
100
13%
Apr
16% May
__—
common
5
i—
Manufacturing
Aircraft
Accessories
50
aii3%ali3%
1
a44V2 a44'/2
25
42%
59
50
t—
50
Electric Controller
50
50
Barker
Corp
preferred
B
Goodyear
Halle Bros
Jones
&
_
A
Medusa
30
45
Mar
Central
57
Jan
Cessna
Inc.
1.95
2.00
1,567
1.85
1.85
900
16
16
16%
640
15% Feb
16 %
22 %
335
21
Apr
22% Jun
45
Jan
6
Apr
22%
Apr
Investment
Aircraft
.100
Corp..,
Co
Corp
71
-1
—5
71
a87%
72
Jun
May
Consolidated Steel Corp....„—
Preferred
—*
43%
Jan
50
Mar
Creameries
—1
8%
202
—
4
12%
345
12
111/2
12
37
37
25
17%
18
21
v
May
22% Mar
11
110
Cement.
Mar
12%
Jan
38
Jan
36 V2
Jan
1.30
475
9
_*
37
35«
1.80
75
8%
a86 % a87%
8%
—l—
—_
48
221/z
15% May
48 3/4 May
1.85
50
49%
Fen
Jan
Jan
2.00
Feb
22 i/s
6%
12%
44
1
Feb
49%
Jan
4 % May
—2
com.
40%
class B
G
Portland
250
36 s/8
49%
Jan
43/4
1,820
34
Kelly Island Lime & Tr__„
McKee
5%
15%
483/4
130
preferred—————100
High
2
Jan
2.00 Feb
1.95 Mar
Jan
Apr
Apr
5%
15%
a47% a48
Laughlin—_—
Low
48%
—...
Broadway Dept Store,
Byron Jackson Co.
114
5%
a49% a50
:•
8,335
♦
•
F-_—.——
4%
.—50
i
•
Tire & Rubber
Range since January 1
High
3%
-
—1
common—
—
Blue Diamond Corporation——.
Bolsa Chica Oil Corp.
...
Chrysler
Goodrich,
-50c
Petroleum Company—„
Bros
5 % '!o
Feb
113
Corp
Shares
Low
51% May
40%
115
al04%al04%
$4.50 preferred—
111
Electric
61/4
Feb
of Prices
Par
Bandini
.100
Cleveland Cliffs Iron preferredCliffs
5%
32
al9% a20
—,
Clark Controller
50
g%
Sales
for Week
Range
Sale Price
High
LOW
a50%a50%
...—
—
Last
STOCKS-
Range since January 1
Shares
High
m.
Week's
Friday
for Week
Range
Par
Angeles Stock Exchange
Sales
of Prices
Sale Price
8T0CKS-
Los
Exchange
Week's
Frlday
Mar
18%
153/4 Mar
Apr
12
——_
of
America..
Douglas Aircraft Co, Inc..——.
Electrical
Products Corp
A
11%
12%
1,380
1-
■
23%
24
440
9
9
100
a49
a49
14
&
9% Jan
20%
Jan
7%
Jan
—
Radio——„1
12%
12%
254
12
Jan
a485
10
460
Jan
12%
12%
315
12 %
73
May
9 % May
85
12%
May
Jun
24
May
9% Apr
...
a480
Farmers & Merchants Nat'l Bank—100
Farnsworth Television
84 3^ May
9%
13% Mar
485
Jan
14%
May
Jan,
v
18
May
12
Apr
General
Metals Corp_..
.2.50
a59% a60%
a60%
Acme
National
Prior
Nestle
new
LeMur
Nineteen
12
—
6%——
Class A
Hundred
17% al8
a
———.
Refining
preferred
Richman
Bros
„—
200
14%
Jan
Feb
10%
110
116% May
Mar
6%
8'A
8%
200
29%
29%
30
29 % May
29% May
22%
22%
25
20% Mar
22
—
35%
35
35%
90
90
35
17
.
Sparks-Withington preferred
17
125
.100
642
32 Vo
90
May
36
Dorn
Warren
«
Works
Iron
Refining
«
Drug Stores—___
Weinberger
2%
21/4
2%
12%
12%
121/4
275
205
Western Res Inv Corp preferred-
"loo
105
White Motor
-50
a26% a26 %
153/4
May
8 3/4
593% May
12% Jan
Jan
46
—»
11%
12
820
8%
Feb
12
Hupp Motor Car Corp
—1
1%
1%
150
1%
Jan
.IOC
12
15
2,000
4c
Jan
41c
30c
Feb
Feb
—
Co
Rubber
Co
Hudson Motor Car Co..——.
Oil
Co—
Lincoln
Petroleum
Lockheed
Jan
Feb
Menasco
Feb
Merchants
Co
Magnin (I) & Co
105
Jan
20
Jan
38%
12%
Jan
100
35
10
84
2%
Jan
100
105
Jan
250
&
Jan
19%
Jan
2
52%
12
a48
McBean &
Tire
24 % Mar
Nordon
Aircraft
—10c
•
Corp
Mfg Co.
ijY'-
Unlisted—
;■
Cleveland
Graphite Bronze
Firestone
Tire
,
com—
Co
1
a43% a43%
»
& Ruober
a36
New
common———
Iron
York
Ohio
Oil
s
48% May
35
Feb
377/a May
98
18%
Apr
20% May
148
35%
Apr
40%
a40
Steel
Steel
a40
Apr
7%
7%
100
7
18%
100
17
Feb
18%
100
161/2 al7%
109
a52% a52%
50
al8V8
common—
a
common—,
8
Apr
18%
common—
common
Republic
U
393/4 Mar
70
—.
Central
Jun
38 y8
140
a20% a207/a
.
Industrial Rayon common.———
Interlake
43%
:V20"v
48%
a36V2
48%
common-
General Electric common
Glidden
Pacific Gas
/'0.
..
a
17%
Jan
Mar
20% Mar
19% Mar
Feb
15% May
18
Mar
503/a
55
Mar
Apr
Ranch
Ryan
Elec
97 %c
1.00
97 %c
Jun
39c
100
30c
Jan
39c
8c
2,000
7c
Feb
14c
Jan
38c
39c
3,600
36c
May
48c
Jan
—25
33%
33%
223
common..
1st pfd
25
Oil
,;
Jan
20% Mar
53/4
300
53/4
100
1,007
3%
3%
900
a48% a48%
20
Calif
3%
._*
39%
39%
*
13%
135/a
13%
.——1
3%
3%
3%
350
22%
22%
30
—
'•
Ltd.——25
Edison Co
preferred class B—
Calif
'
-w
.
22%
25
—
12
'
729
5%
Apr
7
Jan
May
28c
33c
May
10
Mar
8%
Feb
3%
Jan
4y$ Jan
47% May
36% Jan
103/4 Jan
48% May
3
Jan
Co
6%
2,238
22%
Apr
24%
Jan
313/8
363
30 y8
Apr
32%
Feb
30%
"459
29%
Jan,
36%
845
34%
Jan
29%
•.'
_——*
303/b
.*
36
Calif—
ox
:
Oil Corp....
Feb
31%
4
25
Pacific Co..
Oil Co
pfd A
40%
•13% May
3'/a May
30 y4
,
J-,.
31%. Feb
36 Va May
3lV4 Mar
'
Gas
Jun
363/a
..
preferred C———25
Taylor Milling
Transamerica
Oil
Union
DETROIT
Ford Building
Van
Telephone: Randolph 5530
30%
653
241/4
37
37
743
35%
Jan
Feb
6
6»/a
462
5y8
Feb
BY* Apr
13%
13%
230
Feb
8%
9%
2,309
8%
Jan
13% May
93/4 Mar
105
18 y4
Apr
18%
2,342
18%
Feb
19% Mar
all all %
1
de
13%
Corp..
Corporation
of
&
West
2
Air,
Inc.—5
California—
Kamp's
H
"v
9%
a
68
10%
Apr
10 %
38 ya
Jan
Unlisted
Amer
5%
for Week
Range since January 1
LOW
High
&
Stan
Sani
Corp——.—*
Co.—.*
100
50
Atchison, Topeka & Santa Fe Ry~ 100
Aviation Corporation
——3
®
Baldwin Locomotive
Works vtc
8%
8%
100
6
Jan
8% May
Bendix
7
500
6%
Jan
7%
Bethlehem Steel Corp
50%
50%
'
100
48
May
1 % May
300
5,000
8C
1,000
10
10
'
Refining
&
7
Jan
l%c
8c
*-*r
—
—
••
al60%
Apr
10
572
6%
Jan
5% May
%c Apr
2c
Apr
Jan
8c
May
2c
Aviation
50 V4
Jun
Boeing Airplane
1%
Feb
Borden
Brown, McLaren common.——„
1
1%
1%
510
Burroughs Adding Machine—
*
12%
12%
160
12%
Jan
l
6%
6%
400
4%
Jan
6% May
5%
300
4%
Jan
6% Mar
18% Jan
20% Mar
Jan
1.00 Mar
Commonwealth
Co
Commonwealth
10% Mar
37%
Apr
36%
Feb
156%
Jan
158
Apr
Mar
26
26
265
245/a
Jan
27
a68
345
56
Jan
67 y8 Mar
3%
3%
640
35
19%
3% May
Feb
4>/4 Feb
21% Mar
36
Mar
83
34%
Jan
a59
150
573/8
Apr
603/4 Mar
al2%al3%
88
13% May
13% May
a32y8a32y8
95
30
30% Mar
a38 a38 %
5
*
5
Jan
9
20
566
a573/4
al2%
Mar
13% Mar
Continental
_
——
al60al61%
a20% a20%
—13
Corp
a37% 8373/!
a66 %
26
..
^Shares
High
5%
1%C
10
American Tel & Tel Co—
Anaconda Copper Mining Co
Sales
of Prices
19% Mar
Stocks—
Rad
American Smelting
Detroit Stock Exchange
Low
13 y8
Mining Stocks—
—
Range
18%
Inc....*
Imperial Development Co Ltd—25c
Zenda Gold Mining Co.:
•
Week's
al8%-a,18'%'
18%
18%
.25
Bakers,
D
Alaska Juneau Gold Mining Co
Bohn Alum & Brass common——5
19
31c
Transcontinental
1
43%
25
'
Chicago Stock Exchange
—5
33 % May
493/a Feb
9%
Sunray
New York Curb Associate
Drop Forge common—
Jan
Jan
31c
Southern
New York Stock Exchange
Atlas
47 y4
40 y4
a21% a21%
,--l
250
210
93/8
Company
323/4 Mar
48
31c
Corporation.
33% Mar
43%
9%
Oil
30% Jan
48
*
—
May
.
Detroit Stock Exchange
Baldwin Rubber common
40
1.25 Mar
43%
-r—
*
common
2,500
a333/4 a333/4
V
10
;
.....
Standard
Last
Mar
17% Feb
16% Apr
Jan
8c
Co—.—...1
5%%
Sale Price
44c
15% Feb
10
39c
1
Oil
Aircraft
6%
stocks—
20
97 %c
Safeway Stores, Inc.—
Security Company
So.
142
Corp cQmmon—
•
Aeronautical Co.——1
Richfield
Southern
Watling, Lerchen & Co.
&
Republic Petroleum Co
Rice
500
16% al6%
1
Indemnity Co
Sinclair
Friday
Mar
.1
Pacific Lighting Corp common—
Pacific Public Service 1st pfd..
Solar
Membera
Jun
1% Mar
21c
—.....1
——
Ltd—.
Pacific Gas & Elec 5%%
Pacific
41c
al5% al5%
a
Petroleum Co—
Corp,
41c
1
common—
Oceanic Oil Co
.
May
Mar
90
Jan
May
'
Van
509
12
Gladding,
Goodyear
Feb
9
Jan
—._
A—
class
Brass class B_—.
Ohio
80
100
12
115% 116%.
a47%
Jade
National
Motors
common—
Co
Canadian
——15
—...
Pacific
Case, J I Co
Detroit
&
Cleveland
Detroit
Edison
Detroit
Gray
Nav
common—10
5%
5%
common——20
19%
19%
20
86c
86c
86c
iron——.
Detroit-Michigan Stove
Detroit Steel Corp
Divco
Twin
.5
1
common
4%
common——5
Truck
1
:
7%
common.—.
75c
2,550
3%
Jan
4% May
1,405
17%
Jan
21 % Mar
7%
100
6% May
7%
7%
7%
Federal Motor Truck——_*
500
20
19%
20
2,461
4%
4%
710
5%
Jan
4%
Jan
7% May
5% Mar
52%
Feb
60
Jun
Caterpillar
Columbia
Tractor
Gas
Commercial
Gar
Wood Industries common—
common
3
5%
5%
59%
60 >
2,420
1,626
.1
:-v3%
3%
600
2% Jan
4
1
1%
1%
600
1%
1% Mar
5%
...
,———10
Goebel Brewing common,.—.
Graham-Paige common——
Hall
Lamp common—
Houdaille-Hershey B—
7%
*
15%
11,
67c
73c
Lock & Mfg common.!
1
Products common
1
Kinsel Drug common.————1
72c
Kingston
7%
; '2%60c
*
Mar
11% May
50c
73e
100
200
2%
62c
200
6
12
87/b
Jan
103/a
a373/a a37%
45
343/4
55
45 %
Apr
Jan
35% Feb
a48% a49%
a43/8
40
Co
Corp.,
*
Corp.———*
Edison
Company—25
Co
General Electric Company
General Foods Corp—,.
Goodrich (BP) Co
A—
.......
Graham-Paige Motors Corp...
Great Northern Railway Co.
McClanahan Oil common—,
1
1%
27c
27 c
—I
Michigan
Sugar
Products.——,
Jan
2% Mar
57c
Packard Motor Car
May
Parke,
•
Davis common
2%
70c
May
Jan
Shelter
Mfg
Jan
36c
Feb
2
Mar
Jan
May
175
5
Jan
595
16
Jan
1,075
9
Jan
.4%
-4■
28%
■.
P/4
,
.10
811
29
3%
Feb
26% Apr
13/a Feb
1%
33/4
2,820
140
3j/b
Jan
10%
10%
552
9 3/4
Apr
100
33/4
Jan
100
2% Mar
.1
4,
■■rn.tr-
2,220
.3%
—-r
10%
._i
4%
4
:2% -2%
■
Feb
15 V2
Apr
26% May
%
Feb
Jan
10
30% Mar
305% Mar
al6
25
16
192
a63/8
al6
a6%
common
1%
1 %
1%
313/4
29%
313/4
466
.
..l
2%
,
-i
United Specialties
——
7%
-
U S Radiator common.
Universal
Cooler
class
_i
Wayne Screw Products,
see
page
—
„
.....
2339.
"'7',
3
6% Feb
88c
8%
Mar
w
May
17
Jan
37% Jan
20
50
43
13/4
100
l3/a
a33% a33%
9
a26% &26%
165
14%
14%
31%
31%
7%
7%
530
Apr
7% Mar
45
45%
398
42
Apr
473/4 Mar
20% Mar
•
a42
a42 a42V'8
a50
1%
P/4
42
Feb
May
4T% Mar
l3/4 Mar
28 y»
Jan
34% May
25%
Apr
366
12
Jan
360
30% Feb
27% Jan
14% May
32% Mar
Mar
—*
4% Mar
30%
a26%
Kennecott copper Corp—...w——*
Libby, McNeill & Libby
....
7
.*
7%
800
1% May
,17%
Feb
6%
RR—„
18
18
302
15%
Jan
Nprth American Aviation, Inft
73/4
73/4
110
73/4
Jun
9% Feb
16% Jan
18% Mar
18
19% Mar
New
York
Central
North American CompanyOhio Oil Company...
——
17%
al8% al8 %
40
4%
17%
-
222
4%
550
a27
17%
Apr
Jun
19% May
10% May
Jan
Packard Motor
.......
Pennsylvania Railroad Co——„
Phelps Dodge Corporation
Pullman Incorporated
-1
.50
a27
a29%
.25
20
3% Jan
25% May
30
May
292
26%
Jan
30
May
91
20%
Feb
22% Mar
May
43 % May
972
a44
——...
12
Jan
Radio Corp of
Republic
8%
Apr
10% Jan
17%
490
163/a
Apr
a90 a9iy8
134
88% Mar
a44 a447/a
America17%
Steel Corp—
4y4 Mar
23% Apr
Sears, Roebuck Ac
1% Mar
Socony-Vacuum Oil Co..
313%
Jun
200
2%
Jan
3% Mar
200
23,4
Jan
3%
Feb
Jun
73/4
1,100
$3/4 Jan
73/4
3%
200
3% Mar
1,038
23/4 Jan
1% Jan :
3
290
41
a90%
Co—
6
Feb
7
May
98c
Jan
1% Mar
3% Jan
4V2 Mar
18 y#
Jan
883/4 Apr
13 V4 May
13%
678
12
Feb
Co.-,
_*
0,24 ®/s a24%
20
22 y*
Jan
Brands Inc.—
22
29% Apr
30
Standard Oil Co (Ind).
-I*
~25
a30 a30 y»
143
323a Mar
33% Mar
Standard Oil Co
-25
a56y$
194
55
-1
17%
17 y» May
31% Feb
Southern
Railway
(N ,J).
13%
.15
a33%
a33% a337/a
a56 a56%
17%
30%
1,756
53% Mar
13% Apr
147
27% Jan
a48s/8 a49%
32
a345/a a35%
295
27% Mar
Apr
Mar
Mar
225
4% Mar
a27
a29% a305/a
a21% a21%
Car Co——
Paramount Pictures Jnc
1% Mar
3% May
3%
2%
*
,
Warner Aircraft common
,
3%
3%-
"B".
Walker & Co class B._..
For footnotes
;
5%
a50
a36 a36J/2
Int'l Nickel Co of Canada..,
International Tel & Tel.—~**---?
Standard
Tivoli Brewery common——
70
35% Feb
40 s/8 May
a36%
'
Tube "B"
_i
.*
Standard
Jan
% Jan
6% May
Jan
Jan
8%
.
common
5
65c
1%,
Jan
10%
_i
Simplicity Pattern common.
250
1%
19%
8%
4%
——.
River Raisin Paper common.
Scotten-Dillon common
1,000
70Ci
24c
Jan
18
10
common.—,
1,650
■
.
1%
10!
:
*
Corp——.——
Murray
5
1,600
2
70c
common——.....—.*
Micromatic Hone common
1—
i
Motor
27c
1%
§
Michigan Die Casting common.—.—1
Stl Tube common.
2%
Mich
600
1%
14%
253/b
a
a31% a31%
1
1
Feb
Feb
50
48
al5%
*
——*
...
Montgomery Ward & Co Inc.—
Masco Screw Products common.—
15%
a26%
*
—
5
4%
15%
300
a
1
(Del)—.......—5
Curtiss-Wright Corp class
Feb
45% Jan
a263/4 a263/4
a43/^
Electric
Solvents
Oil
a9%
Jan
1,555
11%
Hurd
8
16
100
16
Hudson Motor Car common—*
Jan
14% Jan
8% Feb
7,200
—5
—
Feb
May
May
a9%
& Southern Corp.
Continental Motors Corp .......
Continental
General Motors
&
Co..——25
100
_*
Railway
23/4
7
7
.
._i
1
1
iy8
335
..4
4%
4%
43/8
700
Studebaker
Swift &
Corp
Company......
Texas Corp (The)..—.
Texas Gulf Sulphur Co
Tide Water Associated Oil Co
.25
a34%
10
163/a
30%
-25
15
15%
230
Apr
46% Feb
33 y* May
33 y» May
46%
131/4
Jan
15
May
Monday, June 5, 1944
CHRONICLE
THE COMMERCIAL & FINANCIAL
2336
OTHER STOCK EXCHANGES
RANGE
Friday
Range
*
Air
United
Aircraft
United
Corp
Corp..—,
1—5
—
U
Western Union
_100
1
97/a
„10
Co
Willys-Overland Motors Inc—
Westinghouse Elec & Mfg
—
a38%
W)
Woolworth Company (P
:
Apr
477/s May
53% Mar
14
Mar
42% Feb
93
Feb
6% Feb
47% Mar
95
Mar
10
Jun
37
39% Mar
190
109
2,466
a38%a39%
142
Jan
Federal Corp
Penn
10®
13
Tel & Tel
American
Works v t c
Baldwin Locomotive
&
Navigation
Valley RR
Lehigh
_
Pennroad Corp
—
...
•
.
y
.
Dome Oil
Scott
Sun
Paper
125
2
364
41
10
25
114 y4
*
5Va
United
$3
39%
59%
60%
2,148
517/a
9%
10%
1,118
8%
5%
5%
10
4%
Jan
6y8
60
5%
6% Mar
5%
5%
1,082
4%
Apr
Jan
29%
13% May
Jan
30%
26
2,574
Apr
43
Feb
60%
10% May
5%
Jan
Members
1,275
23%
Jan
25%
10
116%
32
32%
30
30%
166
Jan
118%
.
Phone
Feb
30 y2 Mar
Jan
16
20
27%
Jan
30%
8%
Feb
90
38 %
Jan
43
55%
116
54%
Apr
60 %
100
%
Jan
%
Apr
i7<r Mar
%
Jan
30%
30%
30%
270
9%
9%
25
39%
40 %
55 Va
%
557/a
8
i7<r
nr
1%
1%
1%
1
iy8
885
1
34%
27%
27%
36%
American
Shoe
Burkart
Griesedieck-West
*
Brew
for Week
3%
Low
3%
3
10
Prod
Feb
W
St
3% Mar
Louis Pub Serv
168
7%
Jan
9 % Mar
Scruggs-V-B Inc
130
4
Apr
5% Mar
Stix, Baer & Fuller common..
% May
LISTED
FOR
WEEK
common—
Electric
Wagner
1% Mar
RANGE
Sale Price
Abitibi
2%
36%
280
35%
10
Feb
6%
6%
763
5
Apr
22%
65
12
Feb
22
V:i
Consolidated
Pacific
Aldermac
Algoma
Steel
Aluminium
Aluminum
Ltd
10c
19c
21c
5%
Aquarius
Area
Gold
Mines
99
Arjon
Gold
Bread
Bear
:
Ltd
Class
Biltmore Hats
11c
18%c
,\
94%c
Gold
Bralome
Apr
11c 11 %c
—
■,<
14%c
1
18c
1.01
263,500
3,700
"
86c
3.55.
14c
3.75
17c
Gold
.
„
May
Apr
3.20
Apr
Jan
iiVaC Jan
12c
Apr
1
1.04 May
7 4.15 Jan
23c
24c
Feb
May
...
18c
22c
19,766
148
13
3
3y8
650
2%
Apr
3%
39
150
38%
Jan
44%
Feb
Jan
1.43
1.70 Mar
2.45
Jan
1.10
1.43
1.75
1.90
30
30
21
148
36c
10
21
400
__
153
"
152
676
41c
40c
9
42c
9
__
157
Jan
Jun
Jan
31
Apr
15'
Feb
21
May
Apr
157
Jan
19£
41,800
May
9% May
37c
Jan
10
8% May
6%c Mar
10 %c
Jan
Feb
28 %c
Apr
151
258
1
May
21%
1,500
9%
9%c
11,368
70c
9%
1
439,900
'
154
9%
..
50c
9c
9%c
45
4,512
27c
27c
2,700
20c
11 %C
12c
11%
12
5
—
140
16
Apr
17%
160
32
Jan
44
Mar
250
11
Jan
15
Jun
vy 3
Brazilian Traction Light & Pwr com—•
23V4
20%
23%
British
American
•
22 %
21%
22 %
1,449
British
Columbia Power class A
•
20%
20%
20%
1.00
Jan
3
90
2% Mar
10
200
9% May
Class
"B".
21%
Broulan
Brown
Jan
Apr
—15
common
Buffalo
Gold
Mines
Canadian Gold Mines
Building Products Ltd
For
footnotes
Steel
1.85
190
190
190
15
1.27
1.24
1.34
55,783
69c
Mills
2nd
Calmont
Class
17
Mar,
350
»:/'•. 9
Feb
11% May
34
110
31
Jan
35
Class
Canada
see
page
2339.
for Week
Range
Low
High
4c
35
11
11
25
1.80
1.75
1.80
1,150
17c
20c
1,600
4%
4%
70
111% 111%
3c
2,000
8%
10
17c
*
100
...
Range Since January 1
Shares
8%
*
"B"
1111
50
Cement
58
•
common
Preferred
Canada
58
7%
Jan
8% May
11
Jun
1.72 May
17c
Jun
4% May
: ;
High
Mar
4c
9%
11
Feb
Jun
2.24 Mar
25c
6%
Feb
Jan
May
112
Mar
57% May
61
Jan
110
25
7%
7%
835
Canada
Canada
Packers
Canada
Permanent Mortgage
Canada
Steamship Lines
7%
Jun
Apr
25
103
May
107%
95
18
May
22
Feb
46
46
15
43 %
Jan
46
% May
96
96
.100
96
15
90
Jan
99
Mar
151
59
145
Jan
153
Mar
151
'
...
152
.*
10
10%
344
9%
Jan
12% Mar
50
common
Preferred
Jan
18
106% 106%
*
...
6%
18
100
Foundry & Forging A—.—™*
Malting Co...
;
*
Canadian
Bank
Canadian
of
Commerce
34%
35%
613
31 %
Jan
35%
Breweries
100
z
,
130 131%
7%
7%
7%
•
common
V
128
30
10,435
5
Apr
Jan
136
Jun
Mar
8% Mar
'
Preferred
Canadian
common
1st
preferred
Conv preferred
....1'.
*
43
30
40%
Jan
45
11
11%
1,305
8%
Jan
11% May
23%
11%
24
250
22%
Jan
24
Mar
14
Mar
:
20
...
14
2,120
12
Jan
*
8%
8%
8%
695
8
Apr
25
26%
25%
26%
300
24%
Jan
28
•
38
37%
38
115
35 %
Jan
39%
♦
—
Canadian Car & Foundry common.
New
42%
•
Canners
preferred
Canadian
Celanese
common
Preferred
Canadian
13%
■
v
;__100
Dredge
Canadian Food
Dock Co
•
Products—
Locomotive
Canadian
67c
Jan
Castle
9
Pacific
Gold
70c
Ry
97/a
Mar
Feb
Mar
Trethewey Mines..
Central
Patricia
Gold
15
Jan
55
55
44
Mar
.
,5%
510
50
57
395
*
75c
72c
75c
2,800
60c
25
11%
10%
11%
4,044
10%
1.50
1.50
600
91c
91c
91c
500
1
1.67
1.65
1.68
1,275
_1
1
14% c
14 %C
17c
29,200
100
98
98
98
7
28c
35c
5,200
24% Mar
Chesterville Larder Lake Gold Mines—1
1.26
1.25
1.31
4,300
22%
Chromium
1.40
1.51
200
24%
Apr
1.40 May
Mining
Corp..
& Smelting
*
Jan
3.00
Jan
93c
Jan
Cochenour
Cockshutt
Coin
Willans
Plow
Gold
Jan
Mar
Jan
1.50 May
17% Mar
55
6%
May
Apr
57
Jun
80c
Jan
12%
Feb
1.90
Jan
8%c Feb
4.35
Jan
Conduits National Co
9%
Jan
Coniagas Mines
17%
Jun
Coniaurum
Commoil
Ltd
Mines
Mar
1.15
Feb
1.62 Jan
1.92
Feb
90c
8%c Jan
21c
98
Jun
98
17c
Jan
48c
1.25
Apr
1.26 Mar
1.72
May
Jun
Mar
Feb
1.65 Mar
1
1.69
1.68
1.80
Jun
2.08
Jan
12%
12%
12%
500
11%
Jan
12%
Jun
35c
633.^30
15 %c
Jan
35c
Jun
20c
7,500
20c
Feb
22c
Apr
5
May
1
3.55- Jan
15%• Jan
5% Jan
27
150 Va Mar
•
Mines
Co
Lake
4%C Apr
5%c Mar
Z
5%
28C
May
Mar
141% May
56
1
Jan
Research
800
485
45
150
Chemical
5,100
9,500
143
16%
12% Mar
18,600
7%c
Mines
Central Porcupine Mines
77c
171/2
142
16%
Feb
Jun
4.00
7c
...
Quartz Mining
5%c
17
:
53
___*
;
Canadian Malartic Gold Mines
Cariboo
--
1
Canadian Industrial Alcohol A
Canadian
'
».
*
&
75c
__
M»>
Sales
Week's
of Prices
3%c
l
....
3.90
_y
Jun
365
11%
11
common.
"A"
4%c
•
20%
20%
Low
pfd—
Oils, Ltd
Bread
Canada
76c
•
May
33
4c
Calgary & Edmonton Corp Ltd
4%c
__
Jun
10
11%
33
*,
1
•
Z;
20
20%
Sale Price
—
•
Corp
Ankerite
Mar
19% May
*
Porcupine Mines, Ltd
Oil
Buitalo
60
21
•
Dominion Oil
Feb
2
Linen
Caldwell
Feb
•
British
15
10
—10
Chartered Trust & Executor
1,725
2,010
Oil
Apr
115
17
Jun
•
Ltd
Mines,
58c
24c
148
1.39
I
Mines—.
May
38%
__
—<■
—:
Apr
28c
,
16,250
5
.
I8V2C
35c
18
16% May
17
43
25 %c May
8%c Jan
9,000
157,700
1.75
1
...
1.09 May
v.
10%cMay
2,500
48c
45c
Jan
6.75 Mar
5.75 May
500
15%c 20y2c
3.55
100
—
Bobjo Mines Ltd
Eonetal
70c
58%c Feb
5,800
\
10%
Jan
__r
Mines
Bidgood Kirkland
130
99
62c
6.15
May
.
& Sons
Jan
Jan
1
Bell Telephone of Canada.
Bertram
99
99%
17c
*
River
Jan
Jan
1
& Radium
B
Berens
88
96
55c
50
Beattie Gold Mines Ltd
Beatty class A
100
3,000
common.........*
...
Exploration
May
25,600
100
_
Preferred
21c
95c
1
Mines
Bankfield Cons Mines.
Barkers
Jan
20c 23 %c
45c
Montreal
May
8% Mar
90c
1
May
92%
60c
6
May
22% May
1.79 Mar
Feb
20c
.1
Mines
14c
14C
95c
_
of
15c
:
Jan
1
:L—
Aumaque Gold Mines—.—_———_1
Aunor Gold Mines
:
1
Bank
1.10
1
—:
Quebec Mines
Bagamac
7%c Jan
10c
9V4
6.00
Armistice Gold
Astoria
Jun
16,881
60
97
62c
Mines
Jun
76
91
92
—*
Ltd.—
Jan
36%
Jan
9%
__
pfd._100
i
Ltd..
3%
Apr
58
2,900
1,300
10c
,yZ.Z;Z,
Apr
2%
14,300
10c
•
Canada
Huronian
12c
1.30
20V2c
Anglo Canadian Oil—
Anglo
76
High /y
27
1,390
1
common
of
Range since January 1
7,275
115
1.25
__
common.........*
Corp
Co.
3
May
11% Mar
17
16%
14%
Hill Extension Mines..__
Burlington
^yyZ-ZZ
High
36%
—•
Copper
Bunker
75
10%c
10y2c
1
Oil & Gas
Sales
tor Week
35
38
42%
16%
17
Last
Low
Mar
May
9% May
Jan
100
6%
Par
2%
'
—
Oil Co
Acme Gas and
Alberta
Low
—*
common
preferred
preferred
7%
Par
100
——100
Power & Power
6%
Ajax
:vyVyy,;.yy
i
8%
3
stocks—
Shares
Jan
11%
c
Funds
of Prices
7
38
Friday
Range
"
MARKETS
ENDING JUNE
Exchange
Week's
80c
90
-
9
Last
Apr
6%
11%
common.— —1
"A"
4y8
Friday
8
45c
8%
37%
Dry Goods common.—
8%
Toronto Stock
Jan
'
High
4%
1
31% May
28
15
67
314
8
70c
11%
•
8%
100
Feb
7%
Z_l3
4%
1%
15% May
12
38
10
common
common
*
1%
Jan
70c
.100
25
•
com—1
Apr
5% Mar
31%
Candy common
Rice-Stix
May
30
Apr
8
III5
com
&
National
Range since January 1
High
43
Feb
5%
31
it
*
Supply'
Jan
23%
310
common
Equipt
40
60
15%
common..—
Piping
20
15%
•
Midwest
Bldg
251
50
«
McQuay-Norris
Bank
Shares
Machine
7%
5%
common
Jan
30
5%
common
Clay
6%
48% May
7% May
Apr
43%
7
1
—
Shoe
Monarch
46%
4
48%
—10
common—
High
Low
High
30
30
Hydraulic Pressed Brick common- IlOO
27% May
Range since January 1
Shares
43%
*
common- ZZZi
Hussmann-Ligonier common
Sales
of Prices
Low
48%
—50
—
common
Manufacturing
Preferred
Range
Low
1
common..
Century Electric Co
Falstaff Brewing common..
Jan
Feb
Inv
preferred
5%
Brown
Jan
2%
CANADIAN
}'x
Sales
for Week
//v,v- Par
■■■•' '■
Jan
Apr
22%
64
Week's
Canadian
'•
SL 893
Exchange
'
'
Feb
1% Mar
4,157
27 y2
Jun
1% Mar
Jan
31%
260
1%
Mar
2
1% Mar
152
.
1%
STOCKS—
Bell Teletype
'
of Prices
Sale Price
STOCKS—
Jan
%
50
34 y8
common
;
Week's
Friday
10 y8 Mar
17%
1%
_
CEntral 7600
i
7
St. Louis Stock
Feb
34 y8
Jan
17%
Sale Price
Corp
-
Last
Par
Electric
1871
4th St., St. Loui* 2, Missouri
Jan
25%
85
17%
STOCKS-
&
Feb
25% Mar
Feb
22
31% Mar
223
Last
Commercial
% May
33%
Feb
117% 117%
32%
Friday
Co
;f
30% May
161% May
18% May
Pittsburgh Stock Exchange
Gas
Apr
u■ s" -! 1
New York Curb Exchange Associate
Landis
Continental
21%
1% Mar
Apr
191
24%
Chicago Board of Trade
Cbloago Stock Exch.
Laclede-Christy
Columbia
23%
Associate Member Chicago Mercantile Exchange
Knapp
Blaw-Knox
32
24%
9% Mar
r
May
31
May
5% Mar
Feb
1
St. Louis Stock Exchange
Jan
24%
34%
common
Feb
6%
80c
'
New York Stock Exchange
International
Co
>
100
120
32
Established
Jun
Jan
30
—20
Gas
20
iv
7
7c '. Feb
Jan
100
1%
1%
32
..4.—.* V
300 North
Feb
2,421
*
*
—
Westmoreland Coal
Nat
'
8%
1%
1%
;
Zi—
Jan
24%
117%
common-.
United
Arkansas
.i
'
3%
•
Jan
14% Mar
20 y8
1
_.
6%
"46%
Apr
19%
24%
25
-25
—.—
Corp
Mar
40%
161% 161%
*
common
8%
8% .V
1
__i
Jan
4%
2c
160
1% May
Edward D. Jones & Co.
7V4 Mar
1
preferred
:
Gas Improvement
:
common.
5
125
2
May
50% Jun
114% May
5% Mar
Jan
Feb
4%
7,900
V,
St. Louis Listed and Unlisted Securities
87% May
57
*
■
Preferred
J Em
42%
-1
—
Transit Invest Corp
5
42%
50
Corp——
Mining
1
Springs.
Glass
5c
5
5
7
4c
./•/.
Feb
Jan
95
205
5%
6%
■'
common
5%
'
1
69
114% 114%
May
1%
May
2,105
50
Oil
Tonopah
78%
300 '-i
30
i). ■
Reading Co common
2nd preferred
Salt
110
8
Jan
14%
29%
—3
'
■■
87%
5%
14
19%
common
*
preferred :__y——-*-100,'
Pow 8% pfd
.
25
'
•
1,272
166
—50
common——•
Corporation
8
6%
1%
Phila Elec
Philco
May
8% May
21% Mar
6
preference
$1
4.4%
Apr
5%
50
Pennsylvania RR
—
Salt Manufacturing
Penna
Philadelphia Electric Co
18
9%
'
-1
.
110
60%
—50
—r
National Power & Light
9
Jan
-
10
-*
Motors
Lehigh Coal &
Jan
20%
42%'
Electric Storage Battery———
General
Apr
1%
.—
2
.
50%
#
Steel
301
1%
common
161% May
46%
•
13
Light (wd)
16%
Jan
5%
■
Feb
7%
6%
1,132
High
14% Jan
156
86%
——
46%
—--
Delaware Power &
LOW
104
44%
■
preferred
Prior
#
Jan
17% Mar
Range since January 1
428
7%
87%-
5
*
common—
Curtis Pub Co
•
2:
Bros
States
C
T
'
May
4%
:
104
48%
Bolt Corp
Westinghouse Air Brake
Shares
16
20%
7%
*
(E G) Mfg Co common
Budd
Chrysler Corp
20%
;
;
Jan
101
1%
Vanadium Alloys Steel—I.
161%
160
160%
V
High
15%
,•
American Stores
Apr
for Week
Range
Low
Par
8
Jan
50%
*
Toy Mining
United
Sales
of Prices
Sale Price
stocks—
:,;;
9
8
•
.IIIIIIIs
Brewing
Pitts Screw &
Philadelphia Stock Exchange
Last
8%
}
:'
common...
pfd—
Pittsburgh Oil & Gas.
Pittsburgh Plate Glass
Pittsburgh
Standard
.
3%
125
9
-—10
Shamrock Oil & Gas common.
7
102% 102%
Feb
16
15%
120
100
17% May
14%
1,070
4
16%
16%
'
102%
10
—
16
15%
' V
Jan
.16%
'
Reymer
Week's
~n'a
High
Low
165
17%
4,
"
'
•
1Z—1100
Fuel Supply—
Mountain
San
Friday
'
16
1
♦
Gas
Star
Lone
Range since January 1
High
17%
-5
Refrac.—
Co pfd
Koppers
43 Va
10
8%
.
1% Mar
50% May
11% Apr
200
Walker
Harbison
Low
10
-—.......
Duquesne Brewing
—.
Fort
Pitt Brewing-
160
46% 46y2
a997/a al01%
—
__50
l%May
Oil
Devonian
108% May
24% May
27V4 Apr
■
''''''
Par
Feb
288
13
13
13
5
Inc—
Telegraph Co——-
Pictures,
Bros
Warner
;
a48% a48%
a51%a52%
a52%
United States Steel Corp..—-—
al%
al%
a48 '/a
.10
Company——
Rubber
S
—
108% May
22% Apr
' 27% Apr
10
a25 a25%
a29
a27 %
a27%
♦
__
(Del)
100
20
135
78 %
Shares
of Prices
.
High
78% Feb
96
1085/a
al08
.
_„5.
Transport
Lines
United
IlOO al08%
for Week
Sale Price
stocks—
Range Since January 1
Low
a80
a79%
a79%
Sales
Week's
Last
High
Low
Par
Corp
Union Pacific Railroad Company
2
ENDING JUNE
Friday"
for Week
Shares
of Prices
Sale Price
stocks—
Carbide & Carbon
Union
WEEK
Sales
Week's
Last
FOR
34c
20c
*
....
28c
17,675
1.68
5% May
l
5%
5%
25
5
1.15
1.25
450
1.15 May
1.42
Jan
1.35
1.38
2,650
1.35 May
1.70
Jan
•
1.36
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4287
Volume 159
LISTED MARKETS
CANADIAN
RANGE FOR WEEK ENDING JUNE
Shares
STOCKS—
Range Since January 1
<
15
15 %
143
15
41%
43%
775
15%
38% Jan
Jan-
McColl
Feb
:—-----——*
Consolidated Mining. & = Smelting5
4314
(Toronto)——;——100
132%
132
133
104
Exploration———'-——-'—*
1.90
1.86
2.00
28,450
86
86
10
84
Mar
91
Feb
35 %
50
34
Mar
37
Apr
70C
150
5%
15
Consolidated Bakeries
Consumers Gas
Conwest
Corrugated Paper Box pfd—-----—10.0
35%
Coai————-—*0.0
Crow's Nest Pass
60c
Cub. Aircraft
common ——
*
Petroleum-———-——*
Nickel Mines—x—;—
1
Distillers Corp—-Seagrams common.—-*
Dome Mines, Ltd-—--————x.*
Dairy
Corp
70c
33% Mar
42
25%
27
910
25
May
51
155
Jan
24%' 25%
24'/e
685
Apr'
21%
36%
36%
5
7%
7%
969
""7
10%
10%
11
491
II
.
8%
»180
■
Jan
3%
Jan
9C
Jan
32c
May
8%c
9,000
7c
May
12 %c
Jan
1.66
Jan
1.95
2.05
18,900
8%
8%
100
8
Apr
9
33%
5
-29
Jan
34
Apr
"A"—-—-——*
21
20
21
38
19% May
22
Mar
—-—v-—'*
4
4
4
30
3
Jan
4
May
6%
6%
bu
6%
Feb
7
Apr
Electric Class
English
Class
B
Equitable
Insurance—x—.——25
Life
3.65
Players Cdn Corp
Famous
33
33%
4%
83
90
6%c
7c
21,500
Mining
3%
*
Ford Co of Canada class A——-—
..x.,—-x.—x.x——. —*
Francoeur Gold Mines———.-x—. —*
52c
Power common—-t——
Gatineau
15%
67c
9
3
15 %
54c
61,800
1.90
4,475
1,500
1.75 May
7ya
*
1
20c 20 %
12,615
Loan
Ontario
4
5lC
20%
655
18%
Apr
22%
52 %
490
46%
Jan
53 % Mar
11%
11%
11%
1,100
89
35
84
Jan
91
94
35
93
May
95
Mar
13%
13%
525
18
14%
,15 %
1,865
Apr
13% May
1.48
,1.62
132,500
59 %c Jan
2.10
2.25
1,700
1.89
Jan
2.80
48%
Jan
56%
Apr
Apr
28% Feb
20
15% Jan
1.71
12 %c
15c
4%c Jan
17c
63c
68c
18,345
63c
May
87c
49c
I,000
45c
Apr
69c
-2%
100
5
Apr
5%
.50
20,500
43c
1.20
25
1.68
41c
33c
5%
1.62
1.62
Debentures—
3,300
32c
36c
9,192
105
109
14 %
4%
„
Jan
14 %
6%
3o
3%C
24,000
80c
75c
90c
11,500
June
14% May
9
Jan
95
97
70
6,700
8c
8c
2,217
6c
6C
6%C
36c
35c 36 %C
15,500
14,075
95C
Gold
Mines—
Gold
.1
Mines—,
7c
28c
Jan
10c
Feb
Mar
1.45
3%c Jan
Jan
99
1.15 Mar
1
1.07
93% May
1.27
Mar
4%cMar
Jan
1.21
Jan
Jan
109% Mar
Jan
68c
Apr
53c
Jun
50
7%
3c
1.95
70c
Mar '
105
Jan
5% Mar
Jan
May
25 %o
4x20
14%
7%
*.
Jan
1.37
40c
24
30
—
x
.
Feb
2%
'..J
Malartic
May
49c
.x.x
Cadillac
Feb
1,929
11,500
66C
...1
1
Feb
56
Feb
Feb
7%c Jart
43c
Jan
Jan
May
93%
27%
100
Paymaster Cons Mines Ltd——x.—.1
9% Mar
13%
110
95
Pandora
Mar
18 %
1.25
Partanen
May
Feb
12
28%
*
15% Mar
93%
9% Jan
,.*
67c
89%
Mar
28
*
preferred
36c
18%
lis
—
Page Hersey Tubes
Pamour Porcupine Mines Ltd.
Jan
May
5% May
83% Feb
57c May
49c
Pacific Oil & Refining.
Feb
25
May
Jan
74% Jan
20%
51%
Steel
Crush
3
24c
51c
•
common—
&
-
May
52%
•
Mines..
.......
Orange
ux.—
89%
11%
Penmans
Gold-Minesxx——1
Lake-Porcupine Goldx————_l
6.40
5.50
6.40
8%c
8%C
9%c
Gold Mines—x—-——1
5c
5c
5c
14,500
2,500
God's Lake Mines 'Ltd—-x——x*xx*
21%c
19%C
23c
51,000
27c
1.99 Mar
68,765
36,700
Giant Yellowknife
Gillies
Glenora
6.40 May
Jan
12%cMar
5c
3%c Feb
8c
16 %c May
23c
May
27c
May
15c
Jan
_—x_—_x->-x———1
27c
25c
Gold Eagle Mines—'--—x.x-l
'Golden date Miffing*.-—x~x—1
3%C
3-%C
4c
13,000
2%c Jan
9c
9c
10c
21,400
7%c Mar
2%c
2%c
9,100
87%
87%
53%
53%
Goldale Mine
Goodfish Mining
• "w,
J. — U. mm
—.*•
s^m mi. -*•
fi,
fc- ~nr>
»-
.
1
Goodyear Tire & Rubber common—.*
.-Preferred..
—-x-—x.—x*-l——.50
53%
5c
Bousquet- Gold Mines.-.-—1
Graham
5c
84%
27
Gr
—a—
6%c
100
4
preferred —u—i.—.__.—*
22
395
x*.—x—*
3%
3%
30
3%
common—-i~i—1——xr—?
i
Common
Preferred
24
*
—*——*—x—.
3%
22
7%
Saddlery eommon.x-x._xxV
Great West
Greening Wire'
12%
—x—-•
Jan
56% Jan
6J/2cMay
5c
4%c
5c
19%
5%
28C
Lime >&■<Aiabastine—
V
6%
7
Swayze Mines.
6%c
7c
7,000
Gold Mines—.
1
5%'c
6%c
1
3.00
3.00
5
5%
1,175
2
2
41
7
4
5% May
.7%
Jan.
Halliwell
Mines.
*
Hamilton
Bridge
Hamilton
Theatres,—-
5%
.
l
Robertson
Apr
Roche Long Lac
(P L)
Co
7c
May
7%
Jan
49c
52c
5
Jan
,3,000
10,540
.
Mar
4
May
.4%
Jan
6
Apr
2
83c
175,100
Mar
1.29
May
Feb
Jan
Feb
9
35
Jun
38
Jun
41c
Jan
75c
Feb
lie
16%
10
10%
4,275
3.10
3.10
3.20
4,300
4c
3lc
x
,
500
4c
30%c31%c
29%
10,325
28%
29%
1,100
18
Howey Gold Mines—.
x.
1
Hudson .Bay Mining &;Smelting
•
Hunts Ltd class A..—'
——r_..*—*
18
125
■'■5-
„
Feb
16%
66
10%
HoWnger Consolidated Gold (Mines....?
————*
Homestead Oil & Gas
;——1
-Home Oil—i———
lie
500
lie
16%
Hinde & Dauch Paper Co__*_*_——
Jan
10
3.3c
3%c
20c
Russell
St.
Industries
——
Preferred
May
Jan
30%. Jan
18
May
72
Jan
79% Mar
Jan
169% Mar
76
169
20
13%
13
13%
6,340
11%
11%
11%
725
7
7
7%
575
10%
10%
25
7%
7%
70
6%
Jan
75c
78c
6,150
54 %c
Feb
••
x—
Preferred '
x—-x———xxx——
Imperial Varnish common
Inglis (John) Co
—-——
Inspiration MIn & Devel
international Metals
preferred
Jack
lL
Kelvinator
of
Canada
Lake
Mines,
1,070
15
Jan
22
95
99
May
103
Apr
120
97% May
103
Mar
'
29%
29%
29%
3,925-
8,085
19%
23
Jan
31%
31%
140
-22%
Feb
31%
Jun
20c
25c
1,020
20c
Apr
30c
Jan
20C
'
17c
21c
12,900
Jan
24c
3%c
2,102
3c
Apr
6%c Jan
28c:29 %c
7,500
5,500
23c
Jan
40c
4%c
16
16
10
8.80
9.25
2,563
60c
Lapa Cadillac
Gold Mines..
May
10
Feb
12,025
1.67
3,100
32,290
5
16%
26,100
16
5.90
6.00
725
14%
»._——*
16
Jan
1.38
1%
7%C Jan
Jan
8.75
30c
1.60
15
200
ll%cl2%c
6,000
1,275
Feb
14
90c
1.19
May
3%c Apr
3,100
60c
95c
1.60
5.90
5c
May
Apr
1.25
1
___*
5%C
92c
—
94c
—
—
28
May
3%c
.
4%C
1
1.51 May
80c
Jan
1% May
14%
Jan
5.75 May
14
May
..
1.94
5
May
17% Jan
6.45
16
6c
Jan
15
745
13%
Jan
15
1.08
1.15
7,700
1.03
Apr
Macassa
•
—.x-,%*——1
Madseh Red Lake Gold Mines
...1
Fields
...1
»
Manitoba & Eastern Mines—
preferred.x...I10"
#
Maple Leaf Milling Co common
Maple Leaf Gardens
1.00
1.00
5,200
Jan
1.24
Jan
25
24%
25%
850
21% Feb
25%
Apr
23%
150
22 Vs
24 %
Apr
Preferred
3.50
3.60
2.15
2.20
1.78
1.75
1.80
7,700
3.75
3.60
3.75
11,400
2%c
2c
2%c
14,970
2,484
3.40
1,700
2.12 May
1.60 Jan
2.55
3.35
3.95
'
Jan
Jan
1%C Mar
3.95 Feb
3c
9
9
25
7%
Jan
10
6
5%
6
250
5%
Apr
14%
14%
15
50
8c
2,700
8%
8%
21%
22
—
see
naae
2339.
13
Feb
May
Jan
7
-X
Jan
2.04 Feb
22
x;
For footnotes
Jan
8%
.
common
24
20
20
Apr
28
Feb
29
10C
46C
137
136%
137
19%
20
25
26%
3%c
ClaSS
B
(N)
'>
•
jX'
95c
*
Co
of
Canada
10
Apr
Apr
11%
25
Ja,n
38
12
8%
230
9%
22
Apr
22
45
105%
Jan
110
65c
30,427
42c
Feb
69C
55c
59c
4,300
52C
10
Apr
20% Jan
770
21%
3'Ac
1,500
3c
May
1.40
13,680
65c
Jan
3%
163
13
75
1.31
3%
8%
x^
•
64
3.15
Sudbury Basin Mines
Sudbury Contact Mines
64'/2
2%. Jan
3.15
200
5%C
500
1.65
1.70
2.18
23
5c
Jun
Jan
Mar
Jun
Mar
May
Jan
Mar
Mar
1.40 May
4'/a
Apr
May
10,330
2,295
13
Jan
8%c May
61
27,625
3.08
Feb
Jan
5'Ac
80
2.63
2.15
2.60
2.55
5%c
,'x.
—...
Jan
10% Jan
900
8%'
Jan
May
11% Mar
109
13
common
79c
18
1.32
x—,
Steep Rock Iron Mines
1,08
Feb"
Jan
Jan
Feb
10
14
16
58c
3c
—,
....
130
3c
—
————
Radio
Mar
16
21%
58c
.20
— —
7c
50
65c
9
Jan
Jan
Feb
109
22
58c
.—1
—
5c
3%
3.95
16,851
8.75
May
26% Mar
May
34
y2
49c
142% Mar
21% Feb
90c
46
Jan
Mar
12'Ac May
500
,
Jan
Mar
31% Mar
,
8c
9
—x—.
Springer 'Sturgeon
...
Paving common
68C ;■
•
25
50C
lp%
•11%
9.75
6c
2%c Jan
8,600
,
34
100
...
65c
.
35
50
95c
-x,i|
Mar
Mar
34
May
1.25 Jan
:64g
13% May
34c Mar
13% May
14
€C
,
500
37c
14
ii
—x.—x.x
Standard
Standard
10
34c
66c
5c
1,000
II,600
13%
6c
Mines.
Preferred
6%c
37%
14
South End Petroleum
Steel
3.50 Jan
,—I
...x
Jan
19% May
19% Jan
200
35c
x
Co
134%
3,265
—
Miives
Malartic
Sladen
Apr
31/4
x_
;
...
7c
25o, May
3.65
35
.
May
3%
6%c
2.80 Mar
35c
4%c Jan
3.50
—1
*
Gold
30
3.50
x—
Preferred
Siscoe
Jan
;
Jan
9.50 Jan
May
2%c May
2% Apr
common_.x.xx,
Ltd class A
Simpsons
750
4,500
10%',
Dairies
8% Mar
7%
ll'/ac Jan
555
3%c
Jan
8.25 May
330
26%
T.09. Jan
2.32 (Jan
23
20
Mar
30c
17,900
38,400
29
May
6%
130
9c
40c
Pherritt-Gordon Gold- Mines
Sullivan
Mines.
COns
1.65
Sylvanite Gold Mines. Ltd
....
Jan
65
Feb
Jan
2.71 May
2.05 Mar
3.15 Jun
2.04
Preferred
General
Toronto
Mortgage
Toronto
Trusts
._.*
*
—
.
Feb
Jan
x—
64
85
86
26
80
23,450
15
Mar
15c
Mar
28
23c
24c
13
13
13
48c
53c
27,400
7%
7%
7%
740
110
2,000
7!
'
13
5
,
40c
6%
Apr
16
Apr
3.85 Jan
Jan
11
Jun
112
Jan
100
Apr
Apr
Jan
88
Mar
28
May
Jun
Mar
Jan
24C
13
54c
Jan
May
Jun
May
8 % Mar
175
12
Jan
16
Feb
34
34
34%
105
32%
Jan
38
Feb
5%
5%
5%
45
14
5c
————•
14
5c
1,000
5
Feb
4%cMay
Feb
5% May
7c
Jan
5
*
4 V*
3%
4'/4
1,225
3%
.1
2.42
2.40
2.50
1.96 Jan
2.55
9.50
9.50
9.75
10,000
25,216
6.00
9.75 May
8*/2c
8%C
9'/2c
15,500
*
4.80
4.80
4.95
3,354
—
Ventures, Ltd.
Oils
—
Mines, Ltd
Worts
&
com—59 V*
58%
59%
*
Walker-Gooderham
21V*
21%
4%
4%
Preferred
Western Canada Flour Mills com
Preferred
Westons
Ltd
100
pfd
—•
.1
Wiltsey-Coghlan Mines
——
Winnipeg Electric common.
83
843/4
125% 125'/a
16%
12 %c
6% '
Jan
8%c May
4.50 Jan
830
57%
110
20'A May
100
100
10
16%
16%
1,275
12c
14c
32,800
6
6'A
1,319
4%
75
121%
15
4c
Feb
Apr
Jan
Jan
65
64
66
315
3.15
3.05
3.20
4,125
2.95 Jan
8
8
400
30
30
$4,000
common...
*
6%
6% Mar
94 % Mar
126
16%
•
.
Jan
Mar
21% Mar
20c
6
Apr
Apr
5.30 May
63
Jan
—..100
•
19c
Jan
Apr
60% Jan
WHeht-Wa*"crri»9*N»o
Knitting Mills
84
—100
common
Preferred
21%
*
—
Grocers
York
70
100
8%
1
...
Upper Canada Mines Ltd
Waite-Amulet
HI
99
3.20
•
United Steel
Vermilata
20
21
.
*
:
—
Oils
Apr
235
6,830
9%
25
1
;
15
16
3.55
9%
7% Mar
.50
class "B"
B
1.84 Apr
2.47 Jan
3.45
23c
,.100
l
class B
Jan
15%
53c
Savings & Loan Co
Exploration Co..
United Fuel class A
United
—
50
Towagmac
Traders Finance
Classs
x_
.100
Co
Jan
86
16
3.45
100
„;
Toronto
4%
1.60
1.96 Apr
110
Tamblyn Ltd common
1—,—*
Teck-Hughes Gold Mines ——
I
Tip Top Tailors common
—*
Western
3.60
Mines
Massey-Jtiarris
90c
7c
♦
Preferred
Maralgo
Jan
1.00
.2.18
MacLeod-Cocksnutt Gold Mines..x..
Malartic Gold
Apr
May
1.27
23
A
—x
Mines, Ltd
Jan
Mar
15c
14%
B
24
9%C
Sigma
United Corp
Apr
1.46 Apr
12c
Groceterias class
2,200
1.64 Feb
6
89c
3%
Union Gas Co
1.10
Class
100
4%c
13%
1.17 Feb
14%
Loblaw
32
4V4C
*■'
Transcontinental Resources
—1
.......
25,620
30
Ill
x
80C May
Candy
.3
Leitch Gold Mines, Ltd—
———x.l
Little Long Lac Gold Mines Ltd^
—-•
Laura Secord
6,655
31c
...
Jan
21%
Apr
Apr
31
20%
>»
—
Ltd
May
22
.
Shore
8% May
87c
102
28C
Labrador Mining & Exploration—_.x_l
Lake Dufault Mines Ltd.,—
..l
Lake
Apr
102
3%c
;
—.—
Lamaque Gold Mines
Lang & Sons—
10%
Feb
20%
—.1
Keri-nddison Gold Mines..—
Kirkland Hudson Bay Mines
Kirkland
Jan
7%
101%
9.20
—
Mines
Jellicoe
9%
Jan
12% Mar
.
101%
1
——
Jun
P-—
.100
—1
_x—
Mines
Jan
7
22
I100
class A—x —X*
Jacola Mines
14%
(12% Apr
10%
21
,
,T„—..xix. -_i
Co——» x—1
—~—!,
Waite Mining
Class B
Jason
*
Co of Can.._ X.x*
Utilities
'
75c
Petroleum—.—
International
•
-X-'
-
1
—
International Nickel
International
1—6
'
———
£ 1
•p—
A—
common
Preferred x.'
A
-
88c
25c
....
Senator Rouyn, Ltd——x——
Shawinigan Water & Power,
Shawkey Gold Mining
Sheep Creek Gold Mines
Slater
Imperial
*
Imperial Oil ———
Imperial Tobacco of Canada, ordmary.5
85c
common...!
Preferred
161
76
-
500
....
Silverwoods
33c
Apr
Mar
166
*
6,270
2,400
30c
1
Mines—...
Sand River Gold Mining
Scythes & Co common
Jan
5c
Apr
100
x—4—
8.75
4%C
I—10
common——,
Anthony
3.70 Mar
12%
May
26% Mar
11
Mar.r
16%May%.
]
3.10 May
Bank. of. Canada—.— .100
Erie,
&
Huron
2,50
87c
—
Highwood'ScarceeOils.
2.45
29
Royallte Oil Co_.__x—._x._xx—
6%
4,000
38
301
...
San Antonio Gold Mines Ltd—
87c
8%
2.50
i
1.73 Feb
Jun
8
common
28c
Jan
1.20
5,400
..—i
Rouyn Merger Gold Mines
Royal Bank o)f Canada—x—....—100
Mar
3,100
135
6
94c
24
3.85
7c
1.32
6
x..
6%c May
35
X
Mills,
Apr
83c
—-x—
Silk
Jan
7c
1.20
i
2.75
37
7,935
::ioo
.
Mines—x
2%c
l
1.35
—1
300
1
1.20
31C
—...x—.
391,000
1
2.47 Feb
—;
Gold
St Lawrence Corp
Harricana
2.26
2.08 May
1.20 Jun
30c
9%cMar
Harker -Gold Mines...—.
Hasaga-'Mines.
Riverside
Jan
1.84 Jan
645
92C
—1
5%c Mar
Hard Rock Goid Mines..
84C
Gold
Jan
24
Jan
Real Estate Loan
Reno
Mar
2,745
8.50
Mines
17c
1,200
1
Jan
Mar
1
Hallnor
Dome
Proprietary Mines
Prospectors Airways
•Queenston Gold Mines
Quemont Mining Co
2%c Jan
27,200
Halerow
East
17
2!l7
6
12% May
5c Mar
11
3,000
20c
6%
24
May
.3% May
50
25c
Gypsum
Mar
10c
Preston
Jan
1.20
—
Jan
3% May
65
.
%
;—1
Mines Ltd
Voting trust
Corp
May
1.15 Jan
13%
1.25
Gold—.—.
5c
20
835
24
7%
12
Grull Wihksne'Gold Mines»xx-.-*—r-1
Gunnar Gold
Rouyn
52% May
133
Apr
2.25
2.02
Premier Gold Mining Co
-xl
...
Pressed
Metals x_—x—.
1
6%c Feb
605
.21
Lakes! vtc
Vtc
Feb
83c
20
Pioneer Gold Mines of B C_
:
-
May
125
17%
Power
3%c Apr
10,500
9c
9c
.-^xxxix;—.4-**
50
12
16,300
'17%
£.02
17%
Jan
90
Feb
15
133
90V2c 99%C
2.17
*
Mar
.
52% Mar
52%
133
—1
7c
■
Mines
Grandoro
Mines—.—
Photo Engravers & Electrotypers
Pickie-Crow Gold Mines.—.
Powell
M
52%
common
.100
Gold
15c
l%c Jan
30
..
•
Apr
-
Ltd
Preferred
13% May
Feb
Perron
.
275
May
2.15 Jan
20%
'.I*
Ontario
8
May
Mar
•
—.—*
Pacalta Oils
100
5% preferred
'
5
80
20c
.May
59c
Jan
6
Apr
30c
Mar
1
„—*
Jan
5%% preferred —___—x—_x_. 100
—*
General Steel Wares.x
x——
•
5%
80
80
55c
27C
7c Jan
15c
Jan
,,*'
Power.
—
Oil
c
5%
100
.100
.......
Pipe A
Canada
Star
61
193Ac Jan
1.80
Omega Gold Mines..
7%cMar
Apr
Jan
8
180
.
790
47%C
*
common.
Jan
5%
88
May
Apr
33c
190,300
7%
48c
1,87
Preferred
May
23%
25
-
m
34
Jan
May
4%c Jan
325
11,200
O'Brien Gold Mines—
Okalta Oils common.,
Feb
3% May
945
52c
24
24
15%
—*
3%
23%
8%
——
26
75
79,300
21c
...1
North
May
27
625
78
33%
4.30
Apr
23% Mar
485
4%
...
Foundation Co
20
—1
Preferred
Federal Kirkland
Fleet Aircraft
25
.3.10
8,150
100
Candy Shops—t— -1
Grain common—————.
Fanny Farmer
Federal
4.30
25
4,00
Falconbrldge Nickel Mines—.——-
89,934
30c
20c
Norgold Mines
Normetal Mining Corp Ltd—
Mar
33%
Co.J——*
40c
26 %c
Northern
Jan
2.12
1.97
33%
Mines———-—-—I
35 '/2c Jun
35V2C
21c
'
19 % May
40,900
——*
5%c Jan
55%
440
30c
7c
3%c Jan
55"%
19%
11
4Y4C
Noranda Mines
4%
18%
24 %C
.
4c
1.53
4%
19
4%
1.56 Jan
35V2c
—
Mar
1.34 May
55% Mar
28 %c
—
Sewer
7c
May
5,080
1,000
l
Knitting common_xx.T_
National
5c
710
1.40
2.11
106
8% Feb
106
Mar
59'A
15%
10
Apr
500
5%C
High
Apr
Mar
69
......
Corp
102
1.35
1.38
1
Gold—...
Low
6%
Mines—,.———1
Mines..—,,.
—•
Moneta Porcupine x.—
Montreal Light Heat &
Moore
5%C
,
...1
National Steel Car——x—x.*
Negus Mines x
x.
.1
Nipissing Mines
5
Jan
104
27c
Washing 'Machine
40
5% Feb
7%
50
—1
Eastern Malartic
106
National Grocers Co Ltd commonx—.*
Preferred •
^
20
Economic Investment —_xx._x_—25
Easy
105
May
Mar
Feb
Jan
———.——120
—
105
—
Lake
Preferred
Jan
11
7%
385
105
Oil
355
Model Oils Ltd
25% May.
36% May
v
'
Apr
Red
Gold
Mining Corp
Mar
163
Mar
31
7%
9
—
7%
Mines....;
Mercury Mills
Mar
Monarch
105
Mining Co
7%
Mid-Continental Oil & Gas—..
297/e Jan
161
Juaxe
Graham
McWatters
1.02 Feb
Jan
Rea
McMarmac
McVittie
Jan
18c
12c Mar
85
160
Dominion Woollens' & 'Worsteds com—*
Crest
11,700 '
100
———100
Preferred
—
McLellan Gold Mines.
Apr
5% Jan
Feb
41
& Chemical t common..*
..
High
7%
Porcupine Mines——.-5
McKenzie
90c
Feb
5
40%
Dominion Steel class B
zo
Dominion Stores ———x._—x-——.*
Preferred
60c
90o
26%
Dominion Bank
-a— .r——100
Dominion Foundries As Steel coin,.—-*
Dominion Scottish Invest pfd——--50
Dominion Tar
2.00 May
90c
90c
Delnite
East
•"
i3%c 14 %C
13 %c
Davies
Duquesne
5%
5%
Mclntyre
134% Jan
Range since January 1
Low
*
common———;
McDougall-Segur Exploration
Jan
1.15 May
128
Shares
—..—100
Frontenac
Preferred
43% Jun
for Week
of Prices
Par
High
Low
High
Sale Price
Sales
Range
Last
for Week
Low
Par
,
Week's
Friday
Range
of prices
Last
8
Sales
Week's
Friday
Sale Price
STOCKS—
2337
7%
69%
3.50
May
Jun
May
Jan
Apr
Jan
Jan
8
May
May
33
Feb
15% May
9%c Mav
1,612
4%c Apr
734 Feb
1,595
19% Jan
22
9%
Jan
May
Bonds—
Uchi Gold Mines 6s
...._—i—
—.
30
LISTED MARKETS
CANADIAN
FOR WEEK
RANGE
Monday, June 5, 1944
CHRONICLE
COMMERCIAL & FINANCIAL
THE
2338
ENDING JUNE 2
Canadian Funds
STOCKS—
<■
common
1.85
35%
Preferred
-5
Bulolo Gold
———
—
_——
Corp—
Paper
Consolidated
A
Consolidated Press
Dalhousie
Dominion
1.85
1.95
75c
10%
320
1.25
—
18%
Jan
10%
May
;'
.''•',
22c
'
'
18%
Jun
49C
1.31
Jun
3%
Montreal Stock Exchange
Rartge
Mfg preferred—
—.
—
*
100
92
98
pfd
Anglo Canadian Tel Co pfd——50
Co of Can
Aluminum
Corp
Asbestos
Breweries
Associated
———
class A
Bell Telephone Co of Canada
Brazilian Traction Lt & Pwr
Brit Col Power Corp A—
Bathurst Power & Paper
Class B
—
__
—
_____—;
Preferred
Northern Power
Canada
Canada Steamship common
preferred
Preferred
<
Canadian Bronze common
—
Preferred
8%
26%
37%
———
120
5%
5%
56%
11%
—
Dairies
Dominion
5%
Preferred
5%
»
common
35
——
__
Steel—
&
Foundries
Dominion
40%
27
•
25
——
preferred
Dominion Coal
43%
»
Distillers Seagrams common
Dominion Bridge
__
__
100
100
Dominion Steel & Coal B
25
Dominion Stores Ltd
_*
Dominion Tar & Chemical common—*
Preferred
100
Glass
Dominion
120
com
Preferred
9%
__
»
Dominion Textile commonPreferred
7%
__
—100
•
—
„
8%
1
__
*
—
Gatineau Power common——iu
5% preferred
100 V 89
Drvden
Paper
—
Elect rolux
Corp
Enamel
Heating Prod
&
.
_—IOOV*
preferred
5% %
Steel Wares
General
Preferred
__
13%
109%
•
100
common
pfd inc 1927—50
Lime & Alabastine
—*
Bridge
-•
Goodyear Tire & Rub
Gypsum.
Hamilton
Mines—:
Hollinger Gold
Smith
Howard
Paper
;
common
Preferred
Hudson
Bay
.
_„
5%
Imperial
Preferred
Preferred
International
Bronze
Preferred
com——
15
__
Co Ltd
__
—
—
Laura
Secord -Candy
Oil
(Robert)
Montreal Lt Ht & Pr
McColl-Frontenac
25%
—
-3
*
——
Massey-Harris
__
Tramways
Paint Co
Murphy
ConS—___—*
100
common
Breweries
Preferred—
National
Steel
Niagara Wire
—
—.
*
Corp
Car
100
_•
--25
*
Weaving—
*
Ogilvie Flour Mills common
*
Ontario Steel Products common
*
Ottawa Car Aircraft
—*
Ottawa Electric Rwys
*
Ottawa L H & Power common——100
Preferred
T
100
Page-Hersey Tubes
1
*
Penmans Ltd common
—*
Noranda Mines Ltd
Preferred
Development
Power Corp of Canada
Price Bros & Co Ltd common
Placer
5%
St
Lawrence
Class
St
A
common
preferred
Lawrence
For
Corp
Flour
footnotes
'—
15%
20
56
see
Mills
page
pfd
2339.
12% Apr
10% Jan
7
225
21%
440
100
13
13
24% 24%
29% 29%
33
19%
90% 93
20% 207/a
23
24
109
109
25
25%
15%
14
14
14
20%
21
14% 15
102
35
41
102
36
41
14% 15%
20
20
56%
25% 26%
55%
12
Jan
Jan
Apr
14% Apr
10
1,095
76
20
31
130
480
10
61
175
70
1,215
10
5,920
125
803
9
90
—
96
97
40
—
—
—
6
22%
12
3
14%
52
134
16
v
25
52
134
16
5%
6
21% 23
97% 98
12
12 %
100
100
2%
3
14
14%
135
135
Mar
22
28
8
25
96
4,961
.
108
Jan
9
Jan
12%
Feb
35%
Jun
Scotia
——
!
137
.100
"V
27%
Jan
29
Jun
136
Jan
May
:
3
133
130
149%
May
147% May
135
12
232;
137
234
13
232
Jun
240
Jan
160
135
Jan
142
Mar
.234
May
234
May
137
*
.
3
234
234
Jan
Jan
155
Mar
45
34%
Jan
Feb
10
28
Feb
39%
Apr
147
Jan
120
Jun
6%
Apr
6%
Mar
57
Jun
12%
Feb
12% Mar
43%
30
Jun
May
41% Mar
28% Mar
Jan
14
5%
20
Jun
May
25% May
120
May
163
Mar
8%
.
Jan
jll
May
10
Mar
105%
Apr
Feb
74
157
May
8%
9%
Jun
Jan
5% May
9%
Jan
90
Apr
95
Apr
14
Jun
110
Jan
54%
Jan
7Va Mar
6% Mar
12%
Jan
17%
Jun
108% May
30%
Jan
14%
Jan
12
Feb
7%
24
Feb
Jail
100
Jun
14
Jan
25% May
Price
Sale
STOCKS—
preferred
1% preferred
6%
•
".'.
v/e
,
3
class A——.—_____ *
Corp ctfs
*
30
30
Belding-Corticelli Ltd., cohi_
100
Brewers. & Distillers- of Vancouver
5
British American Oil Co Ltd
•
British Columbia Packers Ltd._*
British Columbia Pulp & Paper—100
90
Bros Ltd
Beatty
Beauharnois
'■
•
77
.
'
19%
Jun
26
Feb
16
Feb
14% Mar
9%
8%
Jan
Apr
130% Feb
11% Jan
5% Jun
19
Jan
93
Jan
12 May
99
Jan
1,675
1,025
10
2% Mar
13
Apr
135
Jun
50
16
May
16
May
16.,
1.55
Jan
1.95 May
Apr
780
20
Jan
21% May
345
43%
Jan
46% May
99
£9
(V
80c
& Frere,
50c
,i
Works Ltd-.
Dominion Engineering
Oilcloth & Linoleum
Paper Co Ltd
Aircraft Ltd
3%
Jan
7% May
30c
6%
6%
1.50
Jan
3% May
28
215
24
Jan
200
28%
Jan
5,353
7Va
Apr
33
8
9%
.
840
265
30C
2% May
625
24
";
26'
23
8,812
155i
21%
21
>.
90
30c
30c
21%
3
May
,
33
,
Apr
May
9%i Mar
Feb
3%
Jan
4
24%
25c
Feb
45c
Mar
20
Jan
26
May
Jan
21% May
17%
140
7
May
29%
31%
488
20
Feb
18c
20c
2,411
'.v.-
■
Jan
29%
Apr
23%
7
7:
20c
May
Jan
175
3%
_*
*
*
1
*
30c
Jan
5%
3%
3%
,
15c
200
;
Feb
8,639
26%.
■
..
-
2%
17c
May
Jan
May
7
31% May
Jan
35c
20%
it'
21
480
18
Jan
21% Mar
21%
21
22%
630
19%
Jan
22% May
7%
Jan
8%
8%
1.60
,
1.60
25
,
8%
Mar
1.60 May
20
V,
1.25
Jan
2814
Apr
32
46%
Jan
53
4
Jan
28%
28%
20
51%
Apr
Apr
52
inn
ix.
4
4
75
98%
98%
98%
55
91%
Jan
100
May
36
36
60
Feb
39
Apr
95
95
20
35%
92%
105% 105%
36
104 %
Jan
<
f-
■■
-
17c
Feb
May
Jan
22c
7.546
3%
1,100
1.75
21
21
10
20%
84
pfd
20c
3%
22c
_*
*
—*
Can Flour Mills pfd——*
Hotel
_—1
.■_——*
cum
Jan
6%
33
Limited
$1
Worts
2%
95
5%
28
"9
Southmount Inv w i
Brewery
230
.:
■:
*
$3
preferred
*
Moore
Corporation Ltd
—*
Noorduyn Aviation Ltd——i.*
Power Corp of Can 6%
1st pfd—100
6% N C part 2nd pfd
:
-50
Reliance Grain Co Ltd pfd
*
Southern Canada Power 6% pfd
.100
&
3
•25c
Refrig & Storage vot tr
V/alker-G
Feb
'
7%
6%
Massey-Harris Co Ltd 5% pfd
_100
Melchers Distilleries Ltd pfd__-10
Walkerville
May
5
100
,3
& Paper Co_
Power
Feb
52
Jan
Feb
Feb
2%
———————
MacLaren
Jan
•,
2
23%
;
7
7%>
23%
preferred^.
International Utilities class A
Jan
7
93
24
$5
Mar
67% Mar
17
—*
Foreign Power Sec Corp Ltd—
Fraser Companies, Limited——1
Internat Metal Ind .Ltd A
*
Jan
1,174
3%
Ltd A
.
Apr
2% Mar
70c
Jan
:
47%
60
:
f,
4%
*
•
—
Motor of Canada
5
40
27/s
5
—
Ltd
300
420
51%,,
%
98%
98%
Jan"
98%
4
Donnacona
Aircraft
6%
51%
15%
May
May
5% May
170
5%
,
59
2%c Mar
1.85
40c
60
6
60
Jan
61 % May
15
25
100
Jan
156
Jan
50c
275
•XV.
Jan
17%
'
May
60
25
2
■
50c
4%,
5
Limitee B___
;.
99
Jan
145% May
140
.
Feb
107
v
May
15
15
■; 2
-.
v
.
90
-
.
37% May
May
-15
153
61%
80c
u-
.
150
61%
80c
31
104% May
141
16%
150.
„
215
99
16
•
_100
Co
46
.46
84
100
84
May
4%
27
4
Apr
4/4
Jan
Mines—
Corp Ltd
Mar
May
Labrador
Mines
36
Jun
Lamaque
Gold
43
15%
'22
56%
Jan
Jan
Feb
5%
Feb
95
106% May
30c
Mar
3% Mar
Feb
21%
May
87
4%
Apr
Jan
Mar
Apr
26% Mar
14%
Feb
5% Mar
25% Apr
9
Mar
90
Jun
98
52
134
Jan
Jan
May
13% May
7% Mar
—1
Ltd—-—*
Perron Gold Mines Ltd
L—.—!
Pickle Crow Gold Mines Ltd———1
Red Crest Gold
Mines Ltd——
.*
Porcupine Mines
Mav
Ltd
—
;*
Wiltsey-Coghlan Mines ——_^_
Wright Hargreaves Mines Ltd—____*
95c
May
1.18 May
Jan
Feb
8%c
500
6c
Jan
7c
900
4c
Jan
11c
7c
May
9%c
4%c
Jan
Jan
7c
12,000
3%C
9,500
2%c Jan
2%c
Jan
8c
Mar
38c
Jan
67c
May
27c
May
6c
6%c
4,500
54c
67c
11,000
26%C 26%C
4,000
2%c
3c
2,500
7c
9c
20,600
15c
16c
6,700
1.70
2,500
1.60
'26%c Jun
l%c
Jan
3%c
3c
Jan
14c
Jan
4 Vb c
Jan
18c
May
Jan
1.55 May
1.80
Jun
6.30
Feb
3.90 May
6
Apr
Apr
6
100
3.75
1,100
65c
68c
1,500
1.65-
1.69
1,150
1.25
^99e
6
3.65
1.25
5,700
.1.24 Mar
1.45 Jan
95c
1.00
1,600
90c
May
1.06
3.40
65c
1.38
May
Jan
80c
1.95
Jan
Apr
Jan
2.00
2.00
350
Jan
2.25
7%c
7%c
3,000
4c
Jan
9c
Jan
3%c
Jan
8c
May
65c-
Jun
72c
Jan
42c
Mar
69c
May
5c
5c
2,000
r65e
Shawkey Gold Mining Co
Ventures
20%c Jun
9c
—
Ltd——1
Sheep Greek Gold Mines—'—-;
50c
Siscoe -Gold
Mines Ltd
1
Sullivan Cons Mines Ltd—:
1
1
Towagmac Exploration Co Ltd—
1
1.10 May
3c
Gold Mines Ltd-—
Pamour
Jan
95c
600
7c
Ltd —i__—*
O'Brien
15c
300
7c
_————:r—~—-1
Corp
Mining
Normetal
3,200
S5C
1.18
8%c
—_:—.——_—*
Mines Ltd ^—__—__*
Malartic Goldfields
20c 20 %C
95c
1.10
20.% C
_____—*
Gold Mines —
——1
Bear Exploration „———1
Beaufor Gold Mines Ltd
1
Bouscadillac Gold Mines Ltd—
1
Buffalo Canadian Gold Mines Ltd—*
Cartier-Malartic Gold Mines Ltd.,—_ 1
Central Cadillac Gold Mines Ltd—.—1
Francoeur Gold Mines Ltd
^
*
Goldale Mines Ltd
—
1
J-M Consolidated Gold Mines—
-1
15
-
16
•
Apr
1.21. 21%
102
Jun
49
Mar
:
Joliet-Quebec Mines Ltd-—
.•_*_«—1
Kirkland Gold Rand Ltd—.
—1
24
Jan
Jan
96
Jan
May
22
23% Feb
13% Jan
4% Feb
24 Feb
35
15
50
275
2,560
175
145
30
Jan
21
15 % Jan
48% Jan
7
86
Mar
113
13% Jan
25
100
*
*
_*
*
Feb
May
Jan
40% May
Jan
30
—*
27%
13% Feb
23
...
261
—
Aldermac Copper
102
33
60
24
22%
'.
1,575
Aumaque
20% Apr
Mar
107
j.
Windsor
20
1.85
Preferred
Western
335
36%
Consolidated Paper Corp Ltd
Montreal
Jan
22%
8%
106%
Consolidated Div Sec A
Class B
Jan
92
May
106%
Marconi Co
Nick
10%
Jan
7
1.80
Cassidy's Limited common—
7Vo, preferred
—100
Commercial Alcohols Ltd common
?
Int
Apr
90
35%
t
Ford
6
15
.
1.85
—1
Canadian Power & Paper Inv Ltd com_*
5% preferred
—
*
Canadian Vickers Ltd common*
7% preferred
.100
Canadian Westinghouse Co Ltd—
f
Fleet
60
-
35%
Invest. Trust——*
Inter
Canadian Light & Power
Fairchild
May
570
8
■
24
.
•
?
Ltd——
;____*
Canada Northern Power 1% pfd
100
Canadian Dredge & Dock Co Ltd—
(Canadian Industries Ltd class B____*
Canadian
Ingersoll Rand
Dominion
30
90
22
Canada Malting Co
David
4% Mar
Jan
Jan
-100
Calgary Pr Co Ltd 6% pfd—_
Canada & Dominion Sugar Ca__
Canadian
Jun
77
V———1
common—
Preferred
'Canadian
2%
22
Jan
36% May
8 la
8
Power
Co
Brown
:i
*. 3%
,
Apr,;,
' Jan
60
11
^'
Apr
„27.,
115
Jan
Apr
Jan
18% Apr
10
77
22%
16
2,919
77
86% May
Jan
2Vt
6,950
Jan
31
Feb
3
27/a
Jan
Jan
^
34%
—*
Ltd,
Bathurst Power & Paper
19% Apr
20
Jan
106
Mar
23
Jan
13
13%
8
6%
V* Low
36%
2%
-l;36
common—
Range since January 1 High r
Shares
High
Low
100
_____—————100
Power & Paper
Abltibl
,
for Week
of Prices
Par
•
Sales
Week's
Range
Last
8% Mar
Jan
50
90
—
14
5
7
21' Mar
60
632
—
—
8%
Jan
Jan
Mar
Jan
106% Mar
26% Mar
18%
7% Jun
13
4%
17%
22
116
85
93
11%
108%
53
Jan
20% May
10% Jan
11% Jan
39
Jan
27% Jan
33% .Feb
23% Jart
5
450
*
3%
17% Mar
"
Jan
Jan
Jan
Mar
Apr
Apr
Feb
150
Jan
7
Apr
9
Jan
8
Jan
104
Apr
'68
Apr
154
Jun
6% May
8
May
4% Jan
8% Jan
Jan
24
Feb
1,205
880
14
.5
14
97%
100
5
27
178
110
50
30 l
2,510
10
25%
—
*
50
Jan
May
Apr
365
475
6,137
100
Paper preferred
36
141%
110
5%
13%
11% 11%
7%
21
21
21
*
100
preferred
Quebec Power
Rolland
100
1
•
*
,
Apr
25
46
149
232
.100
Feb
Feb
24% Feb
Jan
108% 108%
28% 29%
7%
20
15
22
130,
130
-
Friday
16% Mar
Jan
25
1,540
36
Feb
Canadian Funds
Apr
156
32% Jan
8
Apr
5,195
8%
—
Jan
Jan
May
10%
17%
13
22%
23%
Jan
41
11
100
325
455
8%
__
_*
common
Preferred
National
15%
6%
103%
7%
995
7%
21
20%
Mitchell
Montreal
15
275
56
4
1,170
8%
*
——
5,095
110
98
29%
18%
18%
29
149%
_100
Jun
Jan
Jun
6% Apr
5
May
10% Jun
13% Jan
7
—
—
—
350
20
7
1,043
40
1,275
170
235
1
8%
5
9
9%
89
89
94% 94%
13% 14
109% 109%
53
53
6%
7
5
5%
21
__
—100
—*
International Power
common—
*
Preferred
-100
Lake of the Woods common
*
Lang, & Sons Ltd John A-—
___*
Preferred
International Petroleum
145
30
445
300
225
5
25
310
210
1,145,
1,745
30
420
290
25
1,036
45
919
170
8%
5
—
*
<
-
7%
11
11
9
9%
105
105
72% 72 %
154
154
7%
8%
—
25
Canada com__•
International Paper common
25
120
158
25
120
• 158
7
__
—
—
International Nickel of
5%
19%
10%
13%
11%
£1
common--*
100
—
26%
13%
16%
108%
29%
•
Tobacco of Can common—5
5%
57
11%
12
43%
30
40%
27
13%
5%
19%
12 •
42 ,
29%
40%
17%
*
100
Imperial Oil Ltd
Industrial Acceptance Corp
5%
—
5
•
Mining
•
Jan
115
134% 134%
Jan
50
Jan
9% Apr
31% Jan
5% Jan
170
295
220
12,040
7%
5%
5%
50'4
10%
.
85
42
43
34
34
8%
8%
25% 26%
37% 38
142
142
120
120
-
120
29
130
Jan
May
15% Jan
1,400
351/2
IVe
„
;——
—
343/4
7%
*
25
Canadian Celanese common—*
Prefererd 7%
—100
Canadian Cottons common——
_100
Canadian Ind Alcohol common
J* .
Class B
——:
*
Canadian Locomotive
•
Canadian Pacific Railway
25
Cockshutt Plow
———
*
Consolidated Mining & Smelting
5
Consumers Glass
.—*
New
.
Apr
Montreal Curb Market
100
Jan
Mar
Jan
May
1.85*May
300
20% 20%
7%
7%
107
107%
8%
8%
10
10%
__
Foundry common
Canadian Car &
145
10%
•
*
%
Breweries common-—
Canadian
.
,
47
187/s
21%
13%
151%
21%
19%
5
i*
1714
7%
__
50
.
50
167/s
__
Jan
100
21
Jan
98%
88
Jan
96% Ijan
2,258
55
1,860
141
1,386
45
725
'
—
_
Canada Cement common—_—
5%
23%
5
•
—100
*
•
Bulolo
14%
Apr
62
32
29
.100
High
10%
Jan
9
33
41
19 % 20%
22% 22%
13% 14%
152% 152%
22% 23%
20% 20%
1.85
2
__
_*
A_——
Building Products class
,
Mar
180
21%
.100
January 1
Low
.
175
9%
50
*.
*
100
*
*
-—J*
7%
69 %
May
•/.' 307
100
Banks—
Toronto
Range sine*
<
90% 92
97% 98
20
—
6
Jan
65
21
.100
Shares
High
9%,
•
6%
18%
Mar
100
25
—
Apr:
May
64
.100
L
common—
May
Jan
15,
17
75
6
Feb
17
50
715
V
17%
17%6%
Jan
52
for Week
Low
^
Algoma Steel 'Com
Aluminium Ltd _____
17*
65
.100
——'
9
Sales
of Prices
Last
Par
52
16%
4%
Jan
1
200
52
52
May
9
Feb
5j/4
122
Jan
37/b
605
9
:
7%
25
4%
Funds
Week's
Sale Price
STOCKS—
154% May
154
8
7%
.
Canadienne
Nova
*
Jan
:
Montreal
Canadian
72% May
9
Commerce
.Friday
Jan
common
Preferred
Mar
25c
Mar
69
Feb
1.72
Apr
May
3
25
3%
155
4
■.
3%
Apr
72%
•7%
Electric common
Ltd
Jan
Feb
Ltd.
Zellers
Feb
65
63
4%
;
Preferred
Woods
11
148
154% 154%
.100
Cotton
Winnipeg
May
9%
-25
;
common
(George)
Wilsils
Jan
20c
756
Feb
1.45
Jan
15c
10,750
20
20
Mar
Mar
Apr
15%
8,000
1.60
1.47
•:—
•
—
24c
Jun
41c
29
Jan
1.05 May
115
1.50
__£
Metals
Investment
Ltd common——
Weston
400
18%
;.
—I
Wabasso
Jan
24%
1.21
':'
Feb
6%
7
2,600
1.40
Jan
80
31c
27%
Jun
30c
10
26%
—-
Oreille Mines &
75c
30c
International Paper common——
Biscuit
Viau
9
72
;
_1_
Steel Corp_
-5%
200
9,490
10 V*
*
Osisko Lake Mines
'
2% Mar
Jan
140
Apr
64%
City Rapid Transit common.
United
Jan
16
Feb
46%,
64%
64 %
pfd
Tobacco
Tuckett
Twin
Jun
21
18 % May
1.80 May
27%
—-—*
Southmount
75c
6%
75c
57/s
*
Oil & Gas
t
625
6%
*
—
Bridge Co_
Thayers
37% May
.
9%
of Canada common
Co.
140
30
Power
Preferred
1.95 May
Apr
21
5
Oil Co_—
Pend
Apr
28 %
21
»
—
Copper Co
Foothills
1.40
60
100
__'
1.95
1
Canadian Marconi Co
Coast
530
35%,
—
•
Steel
15% May
14% May
50
1.90
1.75
35%
—
Jan
Canada
Southern
12% Mar
15%
1
.100
—
Co
Brown
15%
■
Pulp & Paper com.
British Columbia
5%
325
11%
10
•
10
A————
class
Ltd
Beath
High
Low
Par
Range since January 1
Low
High.
53
13% May
128
513
1,154
14%
13%
140i
1
*
51
49
14%
:ioo
High
Range since January 1
Shares
of Prices
51
«
•
Shares
of Prices
Sale Price
—100
Paper preferred
Lawrence
Shawinigan Water & Power—.
Sherwin Williams of Canada pfd_.
for Week
Range
Last
St.
Sales
Week's
Friday
for Week
Range
Last
Sale Price
Par
LOW
High
Low
Exchange-Curb Section
Toronto Stock
Sales
Week's
Friday
STOCKS-
68c
220
•60c
60c
65c
11.600
.65
1.63
1.70
5,700
1,000
24c
24c
9.35
9.35
13
13%
...
100
1,000
3.10
3;io
350
61c
2.00
1.62
16c
6.90
13
2.95
Jan
Jan
1.80
34c
Jan
Feb
May
Apr
9.35 May
May
13% May
Feb
3.30
Jan
24% Mar
98% May
Oils-
14
Feb
102
Mar
Anglo-Canadian
Jan
Dalhousie
3%
15%
Jan
137% May
East
Home
Crest
Oil
Oil Co Ltd
Oil Co Ltd
Oil
Co
Co 'Ltd
Ltd
—*
:—;—_*
_*
*
1,500
59c
Jan
■61c
May
30c
3,800
30c
May
37c
30c
Feb
8c
8c
1,500
8c
Jun
10%c
Jan
61c
3.10
„
3.20
900
3.10 May
3.65 Max
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4287
159
2339
OVER-THE-COUNTER MARKETS
Quotations for Friday
'
Aeronautical Securities—
Bid
24%
1
3.55
X14.39
6%
15.61
7'/a
15.55
Series K-2,
Series S-l
ACommon
,
—1
Inv
Bond
5%
Ltd-'
Fund
105.31
18.60
30.90
(
15.16
16.61
<
x3.05
10.53
—•
27.95
30.05
1
9.59
10.37
Securities com—100 2,450
2,550
Christiana
100
Preferred
1
-1
Commonwealth Invest
Trust
Consol Investment
5.22
41%
4.80
39%
A
2.45
2.26
Cumulative Trust Shares
1
1
1
1
*
Fund
1
Corporate Trust Shares
AA
Series
Accumulative series
Series
mod
AA
mod
Series ACC
Securities—
(Colo) series B shares
(Md) voting shares
19.43
New England Fund
„
2.74
—
x4.81
' 17.97 ;
■:
Diversified Trustee Shares—
C
/
.
,
6-30
7.41
,
X3.06
7.12
4.66
7.05
1.36
& Howard—
Balanced Fund
3.46
7.83
5.16
7.75
7.07
1
7.83
13.44
American
10
50 V*
53*4
National
10
13%
15 Vt
58 Vt
60%
35 V4
38 %
National
Baltimore American
Bankers &
Boston
10.31
-.2%
Shippers
8.70
5.39
10
9.95
Foundation Trust Shares A—1
3.75
Fundamental Invest Inc
2
22.80
Fundamental Trust Shares A—2
4.85
B
*
4.48
General Capital Corp
* X33.79
General Investors Trust
1- , 5.41
.•
'
L
.,»■
•/.\ •' >
'
-
:
-
4.35
24.99
5.60
-,
5.83
.
Building shares.
Electrical
Equipment—4
shares—
Administered
Fully
7.03
8.62
Industrial Machinery shares—
Low Price Shares
,"
6.67
6.12
>
6.25
6.32
6.95
Mining shares———
4.81
5.30
shares
Petroleum
Railroad
RR
6.07
Equipment shares
'
Steel shares
•;/•"■•..
A Huron
Foundation
1
Common
Fund
Inc
—10c
—
24c
-
21.65
2.25
shares—_—
9.18
Aviation
Group
Bank Group shares
Insurance Group
of
Co
Investment
America—10
25
,10
62 %
75
79
Travelers
27%
29 Va
U
U S Fire
2nd
Rutgers Fire Ins.
3.33
Hartford Steamboiler Inspect.,10
41V4
5
27%
preferred
American—
Great
5
—
10
•
X91.82
4.15
1
6.13
xl4.26
41.55
'V 2.40
102%
44 V*
29'/a
100
Fidelity & Guaranty Co„2
4
:
U S Guarantee,
10
Westchester Fire
2.60
6%
28%
46%
36%
121
65%
488
473
36%
47%
38%
50%
70
75
29%
32 Va
10.72
1
28%
98 *4
S
Accident—
6%
92
105%
93.68
x9.83
26%
10
Fire
Home
2%
Recent Bond Issues
15.19
44.65
Bid
Atlanta
3s
Central
Pow
1
...
6.14
Power
1
—
-6.82
74c
83c
,
,
_
1
AFlrst
Boston
108%
108 %
111%
99
106
100%
99%
106%
Diego Gas & El 3%s„1970
South Carolina Elec & Gas—
110
Mengel Co 3%s__!
—1959
Michigan Consol Gas 3Vas—1969
1972
Southern Colo Power 3%s—1968
108%
104
104 %
20.19
Lt 3s
&
Pow
National Container 5s
2%
30%
1959
101 %
1973'- 102%
3%s
103 Va
107%
104%
1974
104%
105
,,1973
103%
107
1958
104%
105%
3s
West Penn Power
Util
Texas
York
3Vas
Corp. 4'As
1961
104%
106%
West
2%s
103%
104%
Lt
&
Power
—1974
Gas
3%s
1968
Utah
(Minn)—
——
Natural
—
Virginia Elec & Power 3s—1974
Public Service
Indiana
3VaS
2%S
1
10
107
Pow & Lt 3s__1974
New Jersey
Northern
Okla
Corp
108 7/a
Puget Sound Pow & Lt—
4%s
——1972
& Light
Power
Northern States Power
ABlair & Co
13.43
106%
108%
1973
3%s series A_
San
18.47
Corporations
105%
1973
(New Hampshire)
102%
8.35
6.52
18.29
(Indiana)—
3%s series E
Public Service
101%
9.13
7.13
Public Service
Ask
101 Va
1974
Louisiana
Investment Banking
26.81
107%
100%
107%
105%
110%
23.16
.
,.
102
1979
3%s„ 1973
—
Iowa
16.20
1.70
16.65
105%
1 01%
106%
Panhandle Eastern Pipe Line—
2%s debs
—1953
105Va
1 09%
4VaS
25.97
21.18
C_
3%s
3%s
105Va
1973
1974
& Lt
Bid
Ask
103%
103
Florida Power & Light 3%s_1974
25.18
series A
1963
Valley Gas & El—
-1973
Florida
B
.
Light 3s-
Gas
Blackstone
2.35
2.23
1
Oil Shares—
Bond Fund
Series
~6.7l
'
D
ASeries A
1.15
'13.12
Springfield Fire & Marine
34%
115%
3.66
_
95c
24.67—
1
Investors Fund O
43%
10
Hartford
' Wellington Fund
xl.05
10
Security New Haven
Standard
U S El Lt & Pwr Shares A
B
10.06
86c
shares——
63%
Seaboard Surety
7.19
Series
2.54
,
St Paul Fire & Marine new_12%
19 Va
44 Va
21V4
—10
6.60
ASeries B
23.28
;
50
17 Va
19%
&
Marine
lOo
1
Union
*
Fire
42
com.
'<• Union Stock Fund B
1.57 » Union Preferred Stock Fund——
1.43
l
Incorporated Investors——5
Independence Trust Shares
•
Institutional Securities Ltd—
47
2.35
' Trusteed Industry Shares—25o
36c
'
,,
23%
5%
(Texas)
9%
«
,
21%
5
(Paull
8V4
&
15.11
•
A,.f
Holding Corp
Income
66%
0
Corp
Revere
5
Globe
Fire
Republic
26%
Globe & Republic—
4.89
A
:
24
13 V»
24%
X2.68
4.59
4.44
22
12 Va
5
55c
ASeries
4.55'
4.13
shares
10
13 %
2.50
Providence-Washington
Reinsurance Corp (NY)
6
50c
Trustee Stand
4.43
Tobacco shares.——4.16
Utility
.<■
4.38
4.02
Newark
14.05
6.68
>3.97
_—
shares—
34%
10
32%
4%
26%
87 %
5
Spencer Trask Fund
State Street Investment Corp
Super Corp of Amer AA
__1
Trustee Stand Invest Shs—
a Series C
1
,
6.73
Merchandise shares—.
16%
10
2
64
83 Va
1
Selected Amer Shares
-
7.34
5.68
—
82%
14%
Glens Falls Fire
Sovereign Investors
9.47
Investing
49%
78%
5
12%
Phoenix
Gibraltar
Selected Income Shares
7.73
,——
47 V4
10
5
Preferred Accident
150
1
;
Fund, Inc
5.51
-General bond shares
10
10c
10.07
5.00
—
Indemnity Co
62 V4
51%
i;
2 77
6.14 :• Scudder, Stevens & Clark
9.16
Food shares
Pacific
58 V4
1
Republic Invest Fund
8.03
K
5.58
of
Hanover
,6.19
7.30
.
Chemical shares
100%
Fire
River
2.10
,
6,54
..
25
Plymouth Fund Inc
Putnam (Geo) Fund
-
7.44
5.62
87%
Fire
Quarterly Inc Shares.
V
o
12.50
Pacific
-
1
Series 1956.—
.
Northern
10
Fire
General Reinsurance
_•
Series 1958.
5.94
shares—.—
shares
47%
41 *4
60
Firemen's
.
30%
32 Va
,10
6.31
Trust
28
45
38%
48
X5.73
1953
24%
,10
Casualty,—2
New Brunswick
Northeastern
144
Fire Assn of Phila
Amer
7%
26%
10
Amsterdam
47
10
Fireman's Fd of San Fran
Series 1955
57%
181
45
10
7.56
series
v
6 Va
171
North
20
Franklin
,20
Fire
19 V4
Federal
6.03
39Ye
Union
17 V4
Fidelity & Deposit of Md
x6.87
North
36.33
v
■
shares
Automobile
Aviation
Employers Reinsurance
steel
_
54%
2
21%
5
x5.47
North Amer Bond Trust ctfs
„
<
6.76
shares
10.94
x24Vt
10
19%
580
555
Group
Railroad
.
Agricultural
6.54
x9 95
York
Railroad equipment
Fixed Trust Shares A
Group Securities—
8.99
x5.94
(Detroit)—10
10
Continental Casualty
10.54
x8.17
6*4
26%
30
X7.91
—
Casualty
6%
4%
10
x9.59
Employees
5%
7%
48%
5
Fire
Electrical equipment
Insurance stock
—
4
8%
66%
New Hampshire
New York Fire
100
—
Camden
85 Va
80 %
25
New
7
6
45 Va
-
National Liberty
10
5
National Fire
25
7Va
63 V4
1
12 Va
N Y
Fire
Ins
Fire
Surety
9.00
oils
Mfrs
&
Monarch
Reserve—
7.12
Metals
Merch
Re-Insurance
33.01
36%
Machinery
16%
American
30.70
35%
.,
' 12%
7 Va
5
American
Equitable Invest Corp (Mass)_B
Equity Corp $3 conv pfd
1
1.98
6.01
11 Va
15 Va
•
Y_
Casualty—
American
Connecticut General Life,
20.48
17%
2%
8.91
.
15%
Massachusetts Bonding
Merchant Fire Assur
of Newark
x8.10
xl.81
127/a
Fidelity & Casualty_5
Chemical
xl9.02
41
Maryland
American
City of New
-
38
Knickerbocker
22 V4
American
8.03
' v^
20
74 Va
20V4
5
x7.30
.
Jersey Insurance of N
38
71
Equitable
Building supply
V.
85
11%
23.11
13.92
Fidelity Fund Inc
Financial Industrial Fund, Inc.
First Mutual Trust Fund
B
15%
82 Va
36 Vt
American
xl0.37
x6.47
_
13'A
10
51%
American Casualty
21.52
12.96
Fund
10
Fire
142 Va
49 *4
_10
Mk
Bid
Par
Insur Co of North America
Homestead
134 Va
10
Alliance^
1
1
Stock
Companies
25
Life
Agricultural
11.40
stock
Bank
.
—.
1-953
Ask
■
10
Automobile
Aviation
<
Surety
Bici
'
-
10
Aetna
1.41
8.01
12.47
„
—
Agriculture
Automobile..—.;
1.23
Eaton
Aetna Casual &
9.38
5.55
—25c
D——
Dividend Shares
Par
x8.18
.^——,—2.50
————.—
Insurance
11.40
New York Stocks Inc—
t
—-1
3.70
1.28
"
Preferred stock series
Delaware
23.28
1
—
2.26
2.74
4.91
21.65
10.60
xl0.82
•
25o
National Security SeriesLow priced stock common
Bond seriesIncome series.—
Low priced bond series
__
.
4.50
Aetna
National Investors Corp
__
Y.
Teletype NY
Bell
,
10.18
9.26
—1
10
,
40.40
Nation-Wide
145
140
DIgby 4-4950
95.30
1
Mass Investors Trust
> Mass Investors 2d Fund
Mutual Invest Fund Inc-
Tel:
6.41
10c
Maryland Fund Inc
40 Exchange Place, New York 5, N.
4.78
10c
Common
Century Shares Trust
Chemical Fund
Members New York Stock Exchange
Members New York Curb Exchange
19.22
13.65
;3.70
1
Co.
26.44
12.39
—
_
*
Fund Ltd
Inv
Canadian
21.71
x9.56
4.31
5.85
93.39
39.59
S-2—
Series
101.10
17.30
X28.58
8
8
—1
Inc_
Broad Street Invest Co Inc
Bullock
19.71
24.07
;
Series S-3„
Series S-4
Knickerbocker Fund
Loomls Sayles Mat Fund
•
Loomis Sayles Sec Fund
10
Manhattan Bond Fund Inc—
4%
4%
3.80
America——-
of
Tr
Fund
Boston
3%
—-8
10
;
preferred
Industry Shares
A6%
Basic
11.56
&
22.92
Scries B-4
Series K-l
X14.46
,
Shaskan
32.10
10.53
17.53
,
1
Oil Shares
Axe-Houghton Fund Inc
Bankers Nat Investing—
29.22
29.24
B-3
X20.90
B-2
Series
3.89
Investing.lOc
2
Foreign
Stand
Series
26
Bonds
Ask
27.86
Keystone Custodian Funds—
Series B-l
7.22
4.07
x3.72
.
Corp——10
Holding
American Business Shares
Assoc
For Quotations on Real Estate
Bid
Far
Ask
6.64
1
W*
Affiliated Fund Inc
American
2
Investing Companies
Far
AAmerex
Jun^
100%
102%
100%
101%
3 Va
317/a
Quotations For U. S. Treasury Notes
32ds of a point
Figures after decimal point represent one or more
Sep
New York
Par
Bank of New York
23%
22%-
Kings County Trust
100 1,505
Lawyers Trust
Trust
Co
..
51 %
,
.••
Conv
53%
20
38
100
100.1
t7/as Aug. 1,
100.11
100.13
100.10
100.11
t%S Sept. 1, 1944
t7/aS Oct. 1, 1944
com__20
49%
20
51 %
National City Bank
Trust
York
New
25
92%
37V4
39%
Empire Trust
74 Va
78Va
1,610
8%
9V4
First
50
National
Bank
1"" 1,570
Trust
Fulton
100
170
1
:
Title Guarantee & Trust
12
Uhited States Trust
100 1,435
1,480
180
Commodity Credit Corp—
11 Va %
Feb 15, 1945
0.85s June
15,
4s
1944
(When,
Akron Canton & Youngstown—
4s series A
1988
4%s series B
1988
as
Stocks
93%
92%
5%
95%
37 Va
,
39%
income
101%
103%
2019
65 V4
67 %
4%s
v
&
Income
Rio
Grande-
2018
.'
Minn
1st
Gen
61%
83%
income
mtge
4%s——
100%
102%
4s
1971
Common
5%
*
preferred
1991
—
mtge
4%s
Denver
100
65%
.67%
106%
108%
104
104%
1947
106%
106%
1961
132
133 Va
Bills
ft/r discount at purchase
19
June
1944
b0.37
45V4
Julv 6. 1944,,
b0.37
0.32%
Aug. 24, 1944
b0.37
0.32%
Aug. 31, 1944
June
22,
1944
b0.37
b0.37
29,
18 Va
3,
Aug.
10 1944
17 1944
Aug.
—
0.33%
0.33%
0.34%
0.34%
bO.375 0.35
b0.375 0.35%
bO.375 0.35%
19%
13%
1944
Aug.
b0.37
bO.37
bO.37
bO.37
46 V4
12%
1944
Ask
Bid
July 27, 1944—i.
y
St
Free
v
Paul &
t
Sault
Ste
c—
Optional v t c
Western
.2014
1946
3s
Ask
18
78*4
44 Vi
& Rio Grande com
Preferred
Mirth
Pacific—
are
44V4
76 V4
105 A
3s
3s
b0.37
•_
85%
St Paul & Saulte Ste M—
Western
Inc
59%
1993
4%s
1st 3-4s income.,
Panama Canal
aa
July 13, 1944
preferred
•A
Denver
U S Conversion
1021S
0.28%
0.30%
0.32%
0.32%
Chicago Rock Island & Pacific—
—1994
ist 4s
10013
July 20, 1944
Treasury bills—
June 8.
1944
104 i\
lssuet
Bid
June 15,
Conv
U S Conversion
100
100 iJ
Rates quoted
Ask
—
,
United States Treasury
Bid
—
Common
Chicago Rock Island & Pacific¬
1956-1946
102 ft
ft
103 ft
104 ft
May 1, 1956-1946
102%
Akrbn Canton & Youngstown—
90%
Jan.
3s
1,
Ask
Bid
Bonds-—
102
Other
—
and if< issued)
Ask
0.75%
b0.90
■>
1955-1945
Reorganization Rails
Bid
b0.80
b0.80
1955-1945
100 a72
1964-1944
3%s
3s
3s
—
1946-1944
43
Federal Land Bank
100.8
100.6
Bank—
Loan
Federal Home
Federal Land Bank Bonds—
Bonds—
b0.79
—-
Ask
Bid
96 %
Public Nat'l Bank & Trust—17%
•
'
1,
Obligations Of Governmental Agencies
37 %
51%
Trust
100.23
99.28
0.42%
0.57%
0.64%
0.71%
0.76%
0.77%
,0.78%
0.78%
53 Va
35 %
21 Va
&
10.90s Mar.
100.22
1%%
•
232
12 Va
49 '/a
Bank
t%s Dec. 1,
t7/as Feb. 1,
100.28
99.27
Ask
100.13
52 %
Corn Exchange Bank & Trust_20
Continental
100.6
100.27
%
1%%
1947.
tSept. 15,
1944—
1945——
1945——
t7/as Apr. 1, 1945—i
t%s May 1, 1945
■.
100.5
3/4%
1
;
1946...
15.
b0.46
b0.60
bO.68
b0.73
b0.78
1944
%%
%%
—
Bid
100.12
Indebtedness—
Certificates of
lVi%
1944.
1945,.
1945-
tDec. 15, 1945,.
tMar 15, 1946tDec
1%%
1948
41
(J P) & Co Inc.—100 X222
50 %
47%
10
25
preferred
Morgan
>r;
20
10
Manufactures Trust Co
40Va
.
15,
100.8
1,555
105
38 Va
10
Commercial National Bank &
337%
100 %
95 %
101 Va
Chemical Bank & Trust
329Va
16
,100
13.55
Ask
15
Central Hanover Bank & Trust 20
Chase National Bank
Bid
190
100
53%
Brooklyn Trust
100
tMar
Guaranty Trust
Irving Trust
51%
10
National
Grace
4.10
3.98
100
Bankers Trust
Par
Ask
Bid
of the Manhattan Co.—10
Bank
Mar 15,
tSept. 15,
__
100.6
Int. Rate
Maturity—
Ask
100
%
1
1944,.
15,
tSept. 15,
City Banks & Trust Cos,
%%
1944,.
15,
Bid
Int. Rate
Maturity—
Jun
Pacific
Preferred
M—
♦No
1%
common
2
32
34
67
69
par
value,
a
Odd
lot sales." b Yield
price,
c
Stockholders
of McQuay-Norris Mfg.
Co.
amendment changing the 150.000 no par shares of authorized
common
stock to
of $10 par common stock,
d Deferred delivery,
f Flat price,
k Removed to Stock Exchange,
r Canadian market. - s Cash sale—not included In range for year,
x Ex-divldend.
y Ex-rights,
tin default.
tThese bonds are subject to all Federal taxes.
AQuottitions not furnished by sponsor or issuer.
on
March
28.
1944,
approved an
450,000 shares
THE COMMERCIAL
2340
&
FINANCIAL CHRONICLE
Monday, June 5, 1944
Week Ended
THE COURSE OF BANK CLEARINGS
1944
$
West
Virginia—Huntington
Virginia—Norfolk.,;
at
center
Total
—
---•
!
:
301,171,276
~
'
5,794,000
+ 14.7
5,138,000
3,555,000
62,211,121
+ 13.4
49,935,012
40,992,470
1.6
1,822,735
1,434,744
141,731,383
148,209,572
4.4
99,641,937
65,326,847
Columbia—Washington—
+
—
33,329,232
32,217,423
+
3.5
25,390,758
251,230,816
+
1.5
182,545,227
140,215,216
Francisco
San
475,000,000
232,716,205
120,691,717
+
6.8
123,900,000
+
7.3
168,421,000
+
9.1
157,795,335
+ 14.0
183,829,000
—-—,
.'
179,901,967
......
—
0.5
y
cities,
day
one
——r—
1.7
$5,377,940,037
$6,531,654,497
$7,989,922,304
—
1,153,714,460
1,458,267,807
+
—
—
Total
all
cities
week
for
—
91,100,000
1,467,414
8.9
1,969,547
'I— 7.3
*1,500,000
1,312,678
48,468,748
41,775,619
+ 16.0
28,779,167
25,991,000
51,469,613
37,922,073
+ 35.7
37,679,104
27,264,571
5,310.949
4,645,484
+ 14.3
3,862,925
159,611
140,758
+ 13.4
174,634
105,906
75,956,396
73,091,985
+
3.9
48,210,845
44,247,626
365,575,797
309,626,334
+
1&.1
242,994,924
199,946,693
-
-
(10 cities).
+
2,442,914
8.4
1.2
Seventh Federal Reserve District—Chicago—
4.6
1.8
Indiana—Fort Wayne_
and the Saturday figures are not available at time of going to press.
Accordingly, in the above the last day of the week in all cases has to be estimated.
In the elaborate detailed statement, however, which we present further below,
final and complete results for the week previous—the week
ended May 27.
For that week there was a decrease of 3.2%, the aggregate of clearings
for the whole country having amounted to 9,056,730,107, against $9,375,177,482 in
the same week in 1943.
Outside of this city there was a gain of 1.3%, the bank
able to give the
2,723,133
Bend
Terre Haute-
Sioux
336,647
395,822
22.1
2,841,523
3,377,437
+
88.0
2,484,334
1,771,364
7,497,834
2,132,067
1,921,050
20,429,627
19,380,000
8.7
2,016,310
2,324,289
—
3,237,578
+
6,930,959
30,792,947
8.1
—19.7
2,964,665
28,321,000
30,978,420
_
Wisconsin—Milwaukee
Iowa—Cedar RapidsDes Moines
3.1
+
*
2,675,005
'
22,747,000
3,518,247
,
Indianapolis
South
.+
4,607,224
5,624,785
5,028,979
Rapids
Lansing
Complete and exact details for the week covered by the foregoing will appear
issue of next week.
We cannot furnish them today, in as much as the week¬
484,847
499,952
Grand
our
ends Saturday
20,009,475
72,900,000
1,893,991
Michigan—Ann Arbor
Total
24,860,343
+ 24.3
1,711,351
!
Louisiana—New Orleans
3.2
4,858,359
1.9
+
1,585,880
Alabama—Birmingham—
4.5
$7,844,658,065
Total all cities, five days
All
+
+
$6,453,881,721
1,390,776,344
—
131,473,456
106,140,530
$5,203,332,926
1,250,548,795
cities, five days
Ten
108,800,000
4,205,109
—14.5
2,062,641
,
Mobile——
107,970,082
—
—
6,072,696
33,572,377
-
Macon
Florida—Jacksonville
Mississippi—Vicksburg
137,358,150
Baltimore-
11,263,975
34,097,984
135,200,000
—
Georgia—Atlanta
Augusta
—11.8
419,000.000
Louis
St.
Pittsburgh
are
+
255,126,189
(6 cities).
Nashville
5.5
133,000,000
Other cities, five days
we
1,750,259
28,189,866
Tennessee—Kno'xville_,
5.5
231,595,980
•>
—
City
Kansas
in
716,289
616,785
"
$3,560,630,518
,128,937,022
Philadelphia
k*i
tii
4.7
+
Sixth Federal Reserve District—Atlanta
1943
1944
$3,363,871,001
317,869,724
York*—,
Chicago
bj
b;
1,048,441
6,645,000
Maryland—Baltimore
District of
Clearings—Returns by Telegraph
Week Ending June 3
New
M
$
$
for the week follows:
summary
t
1941
1942
or
70,543,997
1,779,022
Richmond
there
i.
1,097,555
-
South Carolina—Charleston
$7,844,658,065, against $7,989,922,304 for the same week in 1943. At this
is a decrease for the week ended Friday of 5.5%.
Our comparative
stands
May 27
Inc.
Dec. %
$
Fifth Federal Reserve District—Richmond-
Bank
clearings this week will show a decrease compared with 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 3, clearings for all
cities of the United States from which it is possible to obtain weekly clearings will
be 1.8% below those for the corresponding week last year. Our preliminary total
1943
+
8.2
*6,000,000
5,271,203
—
0.6
20,615,248
19,578,711
+ 24.7
1,160,953
1,170,373
1,949,288
1.562.964
12,563,092
11,982,639
+
4.8
8,227,362
9,005,070
5,806,763
5,803,110
+
0.1
5,101,738
3,506,942
City
I
521,802
438,805,341
504,349
+
Chicago
425,797,329
+
Decatur
1,646,367
1,413,570
Peoria
6,381,888
Illinois—Bloomington
of 6.8%. We group the cities
which they are located and from this
it appears that in the New York District (including this city) the totals are smaller
by 7.1% and in the Philadelphia Reserve District by 3.3% but in the Boston Reserve
362,039
451,982
322,241,308
337,430,363
1,332,654
1,012,049
+ 42.3
4,484,904
3.5
3.1
+ 16.5
3,709,515
4,317,699
clearings at this center having recorded a decrease
Rockford
1,881,323
2.959.965
—26.5
1,407,963
1,473,074
according to the Federal Reserve Districts in
Springfield
1,611,705
2,025,142
—20.4
1,322,643
1,508,057
549,600,446
536,733,670
+
2.4
401,721,931
413,895,485
183,400,000
189,600,000
+_
63.830,569
61,491,946
+
3.8
36,626,388
34,986,860
+
4.7
22,953,475
1,014,000
1.054,000
3.8
641,000
284,870,957
287,132,806
0.8
211,086,167
in the Richmond Reserve District the totals register a gain
In the Chicago Reserve Dis¬
trict the totals show an increase of 2.4%, but in the St. Louis Reserve District the
totals show a decrease of 0.8% and in the Minneapolis Reserve District of 0.1%.
In
record
Kansas
decline of 7.7% but in the
improvement of 2.3% and in the San
City Reserve District the totals register a
In the following we
furnish
a summary
1st Boston
2d
12 cities
-
-
12
"
362,344, 511
367,818,604
5,025,108,815
607,641,510
628,565, 636
279 ,974,416
259,226,562
3,206 ,567,021
<3,369,726,742
3.3
502 ,848,177
454,267,252
403 .091,005
358,832,598
182 ,545,227
2.4
401 ,721,931
211 086,167
109
+
10
17
"
"
309,626 ,334
+ 18.1
4
7
10
6
10
«
"
"
"
"
365,575,797
549,600,446
284,870,957
169,532,816
259,781,092
7th Chicago
Louis—.
9th Minneapolis
10th Kansas
City
llth Dallas—.
Francisco
12th San
536,733 670
287,132, 806
116,288, 545
481,522,415
442,007. 011
9,056,730,107
4188,962,408
9,360,067,058
4,135,944,778
1.5
+
,!
800,310
182 812,583
—111 cities
——
-
Outside New York City
40,354,939
1,202,235
North
Dakota—Fargo—
42,659,183
2,684,122
South
Dakota—Aberdeen
1,194,144
75, 836,061
8.9
300, 323,370
227,443,438
—
3.2
1.3
6,099,601,192
3,000,896,598
Total
169,532,816
5,943,602,171
2,682,767,249
(7 cities)
+
$
Clearings at—
-Week Ended May 27
\lnc. or
1943
613,629
Dec. %
+ 32.2
.
".
$
+
1.4
+
6.6
119,589
130,563
—15.8
2,538,574
2,340,854
4.0
41,866,167
29,383,017
2.5
2,211,086
74,213
88,368
2,719,598
+
4,532.682
+ 17.5
3,800,978
3,154,837
177,016,347
197,538,012
—10.4
126,658,147
103,271,917
5,943,216
5,592.625
6.3
3,964.442
'
—
+
1,747,285
3,068,647
;
895,216
745,167
682,241
259,781,092
281,567,855
(10 cities)
6.2
3,398,746
953,956
3.0
"611,276
687,777
7.7
182,812,583
144,281,033
''
—
2.221,165
+
2.5
241,463,691
219,347,214
+
4.7
716,408
654,778
402,027
364,507
+ 10.3
422.611
419,291
666.407
621,035
2,722,147
2,981,696
Fort Worth
1,213,441
1,397,134
13.1
4,119,799
3,622,865
+ 13.7
+
Rhode Island—Providence^
Mew
2,037,344
4,647,629
15,379,000
6.6
12,630,700
513,410
509,867
+
0.7
373,007
362,344,511
+
1.5
279,974,416
35,194,869
—75.3
6,635,992
7,390,651
1,175,630
+ 11.6
991,772
1,034,183
56,700,000
+ 10.9
42,300,000
38,700,000
1,311,802
ja
—
867,061
884,339
1,242,378
—
4,687,767,699
5,224,122,280
10,797,433
10,365,106
4,907,603
5,034,062
6,851",636
6,810,305
'[ Jamestown
Rochester
Syracuse
+
Connecticut—Stamford-—
•lew Jersey—Montclair_
Newark-
;—
—
*
(12 cities).—
1,031,227
323 242
—
•' Northern New Jersey
H'.1.
Total
.
62,900.000
York--
1,119,769
+ 10.7
771,739
841,082
4,360,432
4,261,860
+
2.3
5,015,348
2,740,895
125,986,032
116,288,545
+
2.3
75,836,061
73,494,404
59,587,575
43,590,090
0.6
—
1,785,000
1.807,000
Total
26,181,249
33,633,137
—.
5,025,108,815
—
(6 cities)
Twelfth Federal Reserve District—San Francisco-
8,683,614
Elmira——
2,528,000
1,239,243
—
259,226,562
Buffalo-
New
2,512,000
Falls
Louisiana—Shreveport
559,895
367,818,604
York—Albany
Binghamton
8,138,065
Wichita
Second Federal Reserve District—New York—
Hew
1,217,970
58,771,392
9,963.499
—
92,584,901
13,238,100
—
(12 cities)
1,442,641
58,835,834
2.0
2,294,015
*13,500,000
Galveston
11,736,793
4,587,648
7.6
+ 10.7
2,119,215
102,519,000
13,236,142
Dallas
2,190,432
10,400,882
0.6
'—
Hampshire—Manchester
Total
8.6
■14.7
5,881,402
14,369,400
—_
2,414,097
13,965,880
5,845,081
-
Haven
Eleventh Federal Reserve District—DallasTexas—Austin
•"
2,620,733
11,910,629
Worcester
—15.9
Washington—Seattle—.
698,889
<
609,811
—28.8
770,801
6.8
3,098,704,594
4.2
6,536,444
1,417,519
+ 21.1
969,973
990,479
Oregon—Portland-
81,049,385
67,002,725
+ 20.8
48,282,248
39,577,807
Utah—Salt Lake
24,794,594
26,794,743
7.5
15.869,391
15,732,225
—
+
2.5
3,575,625
0.6
6,554,026
City
966,448
"10,496,606
292,193
—13.4
22.039,011
2,191,762
1,981,065
+ 11.0
160,900.284
118,306,919
3,558,571
+ 54.8
2,157,857
1.530.636
,
—*
.
22,165,733
5,409,265,530
—
7.1
3,206,567,021
3,369,726,742
6,475.651
959,763
'
19,195,886
38,845,372
+ 17.5
360,820
17,467,674
+ 51.5
2,808,715
5,503,425
Santa Barbara—
+ 13.4
2 695,527
6,930,509
240,625,587
San Jose
Stockton
;—11.1
—
3,300.005
Francisco
4,802,577
29,459,173
—
267,049,000
Pasadena—.
San
5,155,325
,
—,
.
California—Long Beach
8,510,386
+
;
285,128
'
87,719.512
1,717,039
3,260,834,922
—
7.5
21,174.256
Yakima
Total
1.
(10 cities)
Grand Total (111 cities)-—Outside New York
,1,282,380
4,908,069
.
+ 19.3
'3,866,750
+ 26.9
481,522,415
-
442,007,011
9,056,730,107
9,360,067,058
4,138,962,408
4,135,944,778
+
—
830,656
868,259
3,057,973/
t
'*
< Third
' 227,443,438
8.9
300,323,370
6,099,601,192
5,943,602,171
1.3
3,000,896,598
2,682,767,249
+
Federal Reserve District—Philadelphia—
626 716
Lancaster—*
Philadelphia
-——
Scran ton
—
Wllkes-Barre
■'York
398,645
+
6.3
341,099
440,829
1.403 317
+13.0
1.288.961
1,309,083
3.1
489,000,000
442,000,000
+ 36.1
1,122.828
1.330,534
+ 26.4
1,838.405
2.090,428
7.3
891,929
1,002,170
612,000 000
2.774,489
1,252. 933
2,195 748
1,285 426
.Reading:
Mew
438.597
+ 42.7
634. 547
1,586,124
593.000,000
1.704,811
;
+ 100.3
539, 790
674,468
•Bethlehem—
\ Chester—
312. 934
770,211
Fennsylvania—Altoona—
1,387. 448
—
—
465,547
489,420
1,452.965
1,969. 119
—26.2
1.304,413
1,465,741
3,766.300
-
Jersey—Trenton-.
6.869, 800
—45.2
6.163.300
Note—Canadian Bank
of Dec.
3,673,500
607,641,510
(10 cities)
3.3
628,565,636
502,848,177
Fourth Federal Reserve District—Cleveland—
r
Association
direction
•
.
1
3,019,141
93,336.494
94,434.929
Cleveland
193.477.636
204,887,071
Columbus
16 011,500
15,321.400
Mansfield
Toungstown—.
2,255 578"
Total
(7 cities)-.
1,985.568
+ 15.4
—
—
+
2.480,962
2,749,378
1.2
72.327,502
5.6
146.093,445
121.406,106
4.5
9,902.800
not
66.273,011
9,403.300
+ 13.6
1,934,717
3.717.072
3.9
3.380,396
+
4.0
106,971,183
153,549,307
564,165,434
565,751,745
—
0.3
403,091,005
358,832,593
—
.•
-
—.
Dec.
intra-bank items'do not pass
3.355,688
242,386,564
were
discontinued
as
issue of Jan. 17, 1944, page
was
i.1
j
i
>• V
given
that
>1.1,1* .1
clearings
31, 1943, in view of the fact
some
time that the
correctly reflect business activity, for the
2 095.808
3.573.800
252,026,914
—
Par isylvania—Pittsburgh
on
that it had been obvious for
3,483.512
Cincinnati
our
454,267,252
returns be discontinued
Ohio—Canton
Clearing
As noted in
250, at the last Annual General Meeting of the Canadian
Bankers
."
Total
31,1943.
2,741,304
3.2
♦Estimated,
A
421.921
+ 20.1
—
608,534
811,656
New
*
110,925,243
$
554,825
3,588,318
Connecticut—Hartford
'■
109,800,310
66,308,377
662,067
313,796,156
Springfield
•f
0.1
247,924
Pueblo.
849,557
New Bedford
-
2,666,525
2,786,285
Missouri—Kansas City
3,367,391
;
-
818,648
2,970,873
5,327,955
Lowell
-i*
679,257
5.6
+
63,659,285
321,796,231
Portland
Massachusetts—Boston
'
772,535
3,654,696
Omaha
Fall River
'■
2,138,905
778.913
+ 20.8
146,533
148,657
Wichita
Total
810,905
—
-
2,159.482
264,325
Colorado—Colorado Springs—.
First Federal Reserve District—Boston-
Maine—Bangor
73,649.659
27,260.959
3,077,739
Lincoln
1941
1942
,
$
3,618,017
3,347,216
71,836,403
28,028,166
Tenth Federal Reserve District—Kansas City-
St. Joseph.
.
t.
0.7
—
169,552,599
Nebraska—Fremont
:
j.'
.
3.1
—
3,587,343
Kansas—Topeka
1..
•***.'
2.3
+
975,453
3,789,470
Helena.;
73,494,404
+
We now add our detailed statement showing the figures for each city for the
week ended May 27, for four years:
.'r,
'
5.7
—
2,771,214
1,178,039
Montana—Billings
f
1944
6.9
3,966,712
116,694,703
Paul
Hastings
Total
603,000
191,347,500
144,281,033
2.3
—
-
24,860,966
,
110,925,248
7.7
+
—
281,567, 855
125,986,032
0.3
—
169,552 599
46,283,534
*
■
191,347,500
0.1
251,230 ,816
—
St.
413,895,485
0.8
565,751, 745
255,126,189
—
3,691,824
114,336,034
Minneapolis
199,946,693
"
"
564,165,434
6
8th St.
—
50,691,692
District—Minneapolis"
Minnesota—Duluth
140,215,216
242 ,994,924
"
7
gth Atlanta
—
119,600,000
136,800,000
-
<:
$
7.1
—
10
•'
1941
$
1.5
+
5,409,265, 530
6th Richmond
Philadelphia
(4 clties)-
3.3
*
1942
Dec. %
S
4th Cleveland
3d
Total
;
Ninth Federal Reserve
Inc. or.
<3
1943
$
27—
York
New
Tennessee—Memphis
Illinois—Quincy
CLEARINGS
1944
Districts
Reserve
Week Ending May
by Federal Reserve Districts:
OF BANK
SUMMARY
Federal
Missouri—St. Louis
Kentucky—Louisville
of 8.9%.
Francisco Reserve District
-
Eighth Federal Reserve District—St. Lonls-
and in the Atlanta Reserve District of 18.1%.
Dallas Reserve District the totals record an
;
(17 cities)
loss of 0.3%, but
a
of 1.5%
the
Total
In the Cleveland Reserve District the totals
District the totals are larger by 1.5%.
figures did
reason
that
through the clearing houses.
-
Volume 159
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4287
Company and Issue-—
Redemption Galls and Sinking Fund
bonds, notes,
Company and Issue-: ■/ •
Hate
Mississippi Power & Light Co., $6 preferred stock___,.~.July 13
Philadelphia Transportation' Co., consol. mtge. 3%-6%
bonds, series A—
—4—Jun 15
Terminal RR. Association of St. Louis, gen. mtge. ref.
4% bonds, due'1953—:
__________Jun 5
-
it
2013
2015
——
Waltham Watch Co.—
.
-
;*
prior preference stock
__Jun 21
6%
preferred stock—Jun 21
Class A common stock———__.__.i-_,
.——Jun 21
2241
—Jun 21
2241
Date
Page
Jun 19
—-July 1
Class B
common
stock—:—T
PARTIAL
—
2241
2241
Per
...
1st St ref. mortgage 414 % bonds, series D, due
Cincinnati Union Terminal Co.—
1st
mortgage 3%%
1962—Sep
2188
1968
Houston Oil Co. of Texas, 414% debentures due 1954—Aug
Hudson River Day Line, 1st mortgage 6s due 1946——July
International
Rys. of Central America,
1st lien &
bonds due 1947—
Kansas Power & Light Co.,
—Aug
—
1860
1860
1861
2080
2197
2197
1
1
*
2084
$1.50
7- 1
6-20
20c
7-
6-14*
30c
7-15
7-
7-
1
6-10
—
Anglo-Huronian, Ltd. ———_____
Arkansas Power & Light, 7% pfd. (quar.) —
6%
preferred (quar.)—
Asbestos Corp., Ltd. (quar.)
Atlas Imperial Diesel EngineAtlantic Refining Co., 4% pfd. (quar.)——
Autocar Co., $3 participating preferred—
Axelson
Manufacturing
Bank Building & Equipment
(s-a)__——
Bastian-Blessing Co., common (quar.)
—
$5.50 preferred
(quar.)_
.....—
$10c
7-21
6-21
$1.75
7-
1
6-15
$1.50
7-
1
6-15
$4.25 preferred
Bell
1767
& Decker
Blaw-Knox
it
it
1868
1802
*
Jun
—.___
A
(quar.)———_————
Bristol
Brass
British
26
■
Columbia
mortgage bonds, series A, due 1946—
:_July
United Public Utilities Corp., coll. trust bonds—
6% series A, due 1960—*
—July
514% series B, due 1960
July
1
1
,
-
$5
1
1
1
1902
debentures,
due
1949——
Mills
30
—1—July
1
Tobacco Co., preferred stock
_July
Baragua Sugar Estates—
15-year partic. income debentures dated 1932——July
1
.;
Axton-Fisher
Canadian National Ry., 5% guaranteed bonds, due i969_July
Century Ribbon Mills, Inc., 7% preferred stock———Sep
Chicago, Burlington & Quincy RR.—
Illinois Division mtge. 314% & 4% bonds due 1949.—Jan
Cuban American Sugar Co,,
514% conv. pfd. stock——Jun
Deep Rock Oil Corp., 6% debentures due 1952
July
Duplan Corp., 8% preferred stock
_Aue.
Eppley Hotels Co., bonds.
a.
■
—July
Great Atlantic & Pacific Tea Co. Bldg., 1st 514s.
—Jun
Gulf States Steel
due
Harvill Corp., 6%
'
Co.,
1st
(closed)
mtge. 414%
preferred stock
Hawaiian Irrigation: Co., Ltd., 6%
1
.
bonds, series A, due 1953.
15
15
2195
1
2197
1973
1
Inspiration Consolidated Copper Co.—
1st mortgage 4% bonds due 1952
8
1
<*
1
1863
July
;
1
,
•
$6 preferred stock.
r
.
1447
Chateau-Gai
1659
Chefford
joint
Income
Republic Steel Corp.,
notes
1865
1976
2234
1766
*
2234
1
2234
July
1
1
1961
._
Stearns
——-—
jun
:.
Jun
1801
1801
1
6-15
$1.37 %
7-
1
6-15
.
Commercial
2014
2014
(Louisville,
Life
Ky.)
514%
T
2237
1
2124
*
2015
Water,
Water &
$6
$7
preferred
——
$2.50
convertible
preferred
common
(quar.)
1
5-23
6-30
6-
1
6-15
$1.50
7-
1
6-15
6-15
6-15
6-1
6-15
6-
40c
6-30
6-15
15c
7-10
6-12
6-15-
6-5
(quar.)
Girdler Corporation —
$9
5-26
5-23
Gisholt
$3'
6-15
6-1
Globe-Wernicke
6-10
6-
133/4C
l(4c
(quar.)—.
Fireproofing Co.,
35c
25c
6-5
5
6-15
6-
7-
1
1
6-10
7-25
6-23
6-10
5-31
7-
1
6-19
$1.25
7-
1
6-> 9*
General Products Mfg., 5%
General Refractories
1
$2.50
7%
preferred
$2.50
7%
Machine
6-19
6-15
5-27
6-14
7-
1
6-20
$1.75
—
(irregular)—.
(quar.).i..
Co., Ltd. (quar.)
7-
1
6-20
7-
6-'3
7-15
6-30
Great Lakes Terminal Warehouse
6-16
40c
6-10
50C
7-1
6- 3:
6-l5*:
25C
(s-a) —
(Daniel) Co., common.
6% preferred (quar.)____.
Greening (B.) Wire Co. Ltd. (quar,)—...
6-16
$1.37(4
6-30
35c
6-30
6-15
25c
7-
1
6-15
50c
7-
1
6-15
75c
6-15
5-31
Gruen Watch Co., common—
$40c
7-15
6-30
6-
5-20
Guilford Realty,
6-16
Gulf Power Co., $6 preferred
Hall (C. M.) Lamp
$1.50
5%
■
preferred
1
7-
3
6-
7-
1
6-10
I
25c
.
5-29'
20c
(accum.)—
6-15
7-
1
6-15
31 (4c
—
(quar.)—
6% preferred
Uompany
Haloid
6-151
7-
$ 15c
$1.50
Greenwich Water System, 6% pfd. (accum.)
Grinnell Corporation (quar.)......:
"
9
6-13
1
10c
...r—
preferred
State
6-7
7-
62 (4 0
—
common
6-16
6-24
25c
(quar.)
common
6-16
6-27
40C
;
3
25C
i—;
7-1
30c
preferred (s-a)u
...
Co.,
66C
Green
6-15
6-30
...
preferred
Golden
7-3
25c
common
(quar.)
General Telephone Corp.,
6
t$1.50
7-
1
6-15
6-30
6-20"
$1
(quar.).——.
$1.50
......
1
6-20
20C
6-15
6-6
20C
(quar.)——
7-
7-
1
6-15
3%
6-30
6-15
15C.
Hancock Oil Co. of Califomia-r
Class A and
class
B
(stock dividend)
——
6-20
6-10
noc
7-
1
6-10
$$1.50
7-
1
6-10
Harnischfeger Corp., common (quar.)
5% preferred (quar.).—
5% 2nd preferred (quar.)...
Harrisburg Gas, 7% preferred (quar.).
Harrisburg Steel Corp. (quar.)..——'—
1
6-10
Harshaw
6-20
5-25
Hearst Consolidated Publications—
7- 3
6-
1
6-
7
20c
.
$62y2C
$$1.25 '
$$1
6-15*
1
7-
$$1.50
7- 3
$$1.50
7- 3
7-
$50c
1
.
6-15
1
5-12
15c
6-30
6-15
$1.25
6-30
6-15
$1.50
6-30
6-15
6-
$37c
$1.75
7-15
6-30
30c
6-26
,6-12
6-15
6-1
43%C
6-15
6-/ 1
7%
Hickok
7- 1
6-26
25c
6-15
50c
6-16
$1.25
Chemical
Hercules
5
6-26
.....
6- 9
6-
6-16
$1.25
......
preferred class A (accum.)
Helme (George W.) Co., common
7% preferred (quar.)
...
6-10
6-26
.... ...
6-9
3
$$1.25
Powder
5%
$1
——
preferred (quar.)..
prior preferred (quar.)
JDauch Paper (Canada) (quar.)
Hollinger Consolidated Gold Mines, Ltd
Honolulu Rapid. Transit, 6% pfd. (quar.)
Hooven & Allison, $5 preferred (quar.)
Hoskins Manufacturing Co
Hubbell (Harvey) Inc. (quar.).
Huttig Sash & Door, common
—
6-15
6-15
6-
7-
1
6-21
$1.75
Hinde &
6-24
31(4C
...
7-1
25C
...
7-1
50c
——_
—
$1.75
25c
Co.——
Oil, class A.——;
Class B
6-16
7-
1
6-21
6-10'.
6-10
6-13)
;
.
6- 3?
3
$25c
7-3
6-
$10c
6-30
6-3
15C
5-31
5-23
6-
5
6-24
12(4%
5-31
Common
6-24
5-31
Illinois
1
5-15
....
20c
6-26
6-10
.—
40c
6-20
6-10
25c
6-14
6-
25c
9-14
9- 5
$1.19
...
60c
7-1
6-15
75c
7-1
6-12
7-
1
6-12
Industrial
15c
6-30
6-20
25c
6-30
6-15
7-
6-. 8
International Business Machines (quar.)
International Minerals & Chemical, com.....
4% preferred (quar.)
International Shoe Co. (quar.)
Interstate Natural Gas (irregular)..
—
Irving Oil Co. Ltd., 6% preferred (quar.)..
Irving (John) Shoe Corp., 6% pfd. (quar.).
Irving Trust Co. (N. Y.) (quar.)
Jamaica Water Supply, common (quar.)—..
$5 preferred (quar.)
—
Jersey Central Power & Light Co.—
514% preferred (quar.).
...
6% preferred (quar.).—
7% preferred (quar.)
25c
7-
1
6-15
$1.50
7-
1'
6-15
$1.75
1
$25c
6-12
6-6
5c
6-15
6- 6
$1
6-
1
5-24
15c
7-
1
6-10
6-12
$1
1
7-15
5-27
6-15
7-
1
—
Acceptance, 5% conv. pfd. (quar.)
8-15
7-20
Jessop Steel, class A
Joplin Water Works, 6% preferred (quar.)—
8-15
7-20
Kansas-Nebraska
8-15
30c
7-15
,
7-20
6-30
6-30
6- 9
6-10
15c
$1,371/2
6-15
7- 1
Natural Gas,
$5 preferred (quar.)
Kansas Power Co., $6 preferred
$7 preferred (quar.)
5-31
Katz Drug Co.,
5-31
6-10
1
6-10
Kinnev Mfg.
6-15
6-2
621/2C
6-15
6- 2
Levy Brothers. Ltd. (irregular)
Lima Cord Sole & Heel Co
7-
7- 6
7-1
6-21,
50c
6-15
6-
$1.25
6-30
5-31
$1.50
6-10
5-23*
5
50c
6-30
6-16
$1
6-30
6-16
1
6-15
450
$1.25
$750
37 (4 c
7-
6*30
6-15
6-
5-15
1
6-15
5-31
15c
7-
1
6-7
50c
6-10
5-29
$1.25
6-30
6-15
7-
1
6-10
$1.50
7- 1
6-10
$1.75
7-
1
6-10
25c
6-13
5-31
$1.50
7-15
7-
$1.37 (4
1
10c
7-
1
6-15
7-
1
6-15
$1.50
;
Co.. $6 non-cum. pfd.
(qyar.).
7-
1
6-20
7-
1
6-20
$1.12 Va
7-
1
6-15
50c
6-
1
5-22
15c
6-
5
5-31
50c
6-15
5-31
6-15
5-31
$2
(s-a)
15c
7- 1
6-15
7-15
35c
(irregular)
Ltd..
Kevstone Custodian Fund, series B-l (s-a)._
Company
Series K-2
7- .1
30c
$1.31(4
$1.75
(quar.)
$4.50 preferred (quar.)
Kilburn Mills (quar.)
$1.50
5
$1.25
common
Kekaha Sugar,
6-10
$1.25
Commercial
Telephone Co.—
$4.75 preferred (initial quarterly)—
Indianapolis Power & Light, com. (quar.)
51/4% preferred (quar.)
—
Indianapolis- Railways ———
121/2%
$1.75
(quar.)
Shoe Machinery, v.t.c..
6-
$1.75
,
Light—
preferred- (quar.)—
Compo
—
5-13"
6-10
General Mills Inc., 5% preferred (quar.)—.
General Paint Corp., $2.67 preferred (quar.)
Kaynee
(quar.)
6-21
6-20
7"!
6-30
25c
pfd.
1
5-25
35c
General
Insurance
Commonwealth
6-15,
7-
2
6-15
6-15
$1150
—
7- 3
25c
$1.25
(quar.)
7- 3
50C
$1.25
Co
"
6-15-
6-15
6-23
5c
Bookbinding
6-15
6-
6-15
7-21
6-
$1,75
:—
6-30
6-12
2(4c
1
& Electric Corp.—»
Corp
6-5
$350
6-30
6-23
Solvents
6-15
2(4c
7-15
6-10
Alcohols
6-15
—
7-
10c
cum.
2
1
6-30
■
50c
6-
6-
7-
;
...
(quar.)....—.
...
General Electric Co.
7-
Commercial
Co.
6-12
7-1
%■
6-10
5c
6-12
'7-3
6-
15C
....
6-30
$1.25
6-10
2C
1
1
6-19'
25c
—
1
10 c
6-30
$60c
7-
62 (4 c
6-19
1
7-
12 (4c
7-15
9
6-20
.
$37'/ac
7-
7- 1
(Pa.), 7% pfd. (quar.)
Machine (quar.)
Clinton Water -Works, 7% pfd. (quar.)
6-20
683/40
—
35c
teoc
$1.75
Water
6-15
7-1
County Coal, 70c pfd. (accum.)..
Gannett Co., Inc., class B conv. pfd.
(quar.)
General Bottlers, 55c preferred (quar.)—
General Box
(quar.)
$1.50
Cleveland Hobbing
7-1
Franklin
7- 1
Commonwealth
30
6
(quar.).
Wines,
Commonwealth
gold bonds—Central Pacific stock coll. due 1949 .Dec
Central Pacific Ry. Through Short Line 1st 4s due
1954_Oct.
(Frederick) & Co., preferred stock
Sunray Oil Corp., 514% conv, preferred stock
——...
preference (quar.)
Cum. preferred 5% series (quar.).—
6% cum. preferred series A (quar.)
Southern Pacific Co.—
4%
7-
$1.25
5%
gen.
——
40c
7%
Co
Commercial
mtge. 414% bonds, series B,
1
jun 17
General mtge. 414% bonds, series
C, due 1956
Jun 17
due
—.
Master
Columbia Gas
1962—July 15
—Aug
1
—1
:
1
6-30
$25c
Extra'
25c
——
6-15
1
30C
of Canada
Frankenmuth Brewing (quar.)..—....
5
Citizens
*
Punta Alegre Sugar Corp.-*-
Florida
6-
1
5-31
Ltd. (resumed)——
Mfg. (quar.)————
Chicago Dock & Canal (quar.)
—.—
Chicago Mail Order Co. (quar.)___
_
Chicago South Shore & South Bend RR.—
Semi-annually
Cincinnati Gas & Electric—
5% preferred A (quar.)———
2199
19
Baragua Sugar,Estates,- income debs, and notes
July
Companies Azucareras
Punta
Alegre, S. A.,"and
Paper
1764
jujy
Otis Steel Co., 1st mtge. 414 % bonds, series A, due
Pennsylvania Co;, 4% secured bonds due 1963
Products—^
Champion Paper & Fibre Co., com.
6%
preferred (quar;)—
—
____Jun*
_„l
p.:
(quar.
B
City
Central
1
Kaufnwnn Department Stores, Inc., preference stock—Jun 15
Keith-Albee-Orpheum Corp., 7% preferred stock
.Jun 15
Libby, McNeill &.Libby,-1st mtge.,4% bonds due 1955—Jun 19
Marathon Paper .Mills Co., 6% preferred stock
:july 1
Mengel Co., 1st .mtge. 4 (4 s, due 1947
■_
Jun 21
Mississippi, River Power Co., 1st mtge. 5s, due 1951
.July 1
National City Lines, Inc., $3 .conyj preference stock—Aug 1
National Container Corp. 15-year 5 (4 %
debs., due 1952_Oct. 1
New Jersey Power •& Light Co.—
1st mortgage 414% bonds due 1960—
common
—
1863
1
.Oct
_.
1st preference
class
Ltd.,
6-
7-
3
6-15
$1.50
...
!• Foundation Co.
•
6-15
(interim)
Co.,
Carey
Illinois Power Co.—
1st & ref. mtge.
Bread
convertible pref.
(quar.)...—_—_
(Philip) Mfg., common (quar.)
5%
preferred (quar.)—
——
6%
preferred (quar.)—
Carreras, Ltd.—
Amer. deposit rets, for class A ordinary
regis,
(interim)
—
Amer. deposit rets, for class B ordinary
(interim)
regis,
Carthage Mills, common (irreg.)
6% preferred A (quar.).
—
6% preferred B (quar.)..
Case
(J, I.) Co., common (initial)—,——
7% preferred
(quar.).—..——:—
1655
2193
Oct
Holyoke Street Ry., 1st (income) bonds due 1945—July
Hotel Taft Corp., 1st mtge. 5% bonds, due
1947—July
1
6-15
7-
$1.50
30
5
7-
10c
12(40
Capital Wire Cloth & Mfg.—
.July
____
bonds dated 1909
Hecla
6-15
6-10
6-27.
50C
Co. (Syracuse, N. Y.)
Company
Players Canadian Corp., Ltd.—
Fernie Brewing Co., Ltd. (annual)—
js Foundation
7- 5
$1.31
-
Jun
75c
1
pfd. (quar,).
Consolidated Copper
pr.
1968
bonds,
1961—i—
8-
5-25
Capital Transit
25
$1
6-16
——_
6-30
—
f Fort Pitt Brewing
6-15
Capital
1858
1
1
1859
*
6-
1
preference (quar.)—
Canada Cement, 6V4.% preferred (accum.).
Canada Packers, Ltd.
(quar.)—,
Canada Steamship Lines, 5% preference—_
Canadian Cottons, Ltd., common
(quar.)—
6%
preferred (quari).——
Canadian Westinghouse Co., Ltd.
(quar.) —
2074
6-17
5-31
Power,
6-15
Extra
7-
(quar.)
Electric
7-1
(quar;).—
Fidelity & Guarantee Fire Corp. (Bait.)
"56" Petroleum Corp.
(irregular)—
7-
6%
1
1
1
25c
15c
pfd. (accum.) —
pfd. (quar.)
6-
.
Excelsibr Insurance
1
$1.25
7%
6%
5%
Jun
Autocar Co., preferred stock—
—
6-15
7- 1
75c
Famous
75c
Bldgs.,
Co.,
convertible
6-
preferred
Exolon
$1.25
Terminal
Terminal
Calhoun
Canada
American International Corp., 20-year 514%
(quar.)
6-27^
,
250
class A (quar.)
Ewa Plantation Co.—
$1.50
Bush
Bush
Page
—
(quar.)L.uJ
Steel
&
8%
Distillers—
*
Calumet
Date
(quar.)
& Messenger
•
CALLED
class A
Power,
prior preferred- (quar.)^_2—
Burlington
1902
——_——
—
Brown-Forman
California
Company and Issue—
;
Brooklyn Telegraph
514%
ENTIRE ISSUES
—
—
2237
Gas Co.—
bonds due 1973——.—■
Co.
Bondholders'Management,- class A (s-a)~Boston Garden-Arena Corp., pfd.
(irreg.) —
Boston Woven Hose & Rubber, 6 % pfd. (s-a)
Bound Brook Water (irregular)——
Brazilian Traction Light & Power—
•
6%
preferred
(quar.)_,__
*
Bridgeport Brass Co., common——.
.....5%
convertible preferred (quar.)
Bridgeport Gas Light Co—__
Brillo Mfg., common.
1768
,
(quar.).——________
Mfg.
6-30
7-15
7-15
$1.75
(initial)..
2V2c
—
..
7-15
$$1.25
25c
Emerson Drug Co.,
Class B (quar.);
5
6-30
preferred
conv.
62 >4 C
(quar.)
.....
•
Class
Willys-Overland Motors, Inc., 6% pfd. stock (par $10)—Aug
Wisconsin Public Service Corp., 1st 314s, due 1971—
.July
,
Extra
Black
1
.
(series 1938)
(quar.)—,—
$44c
1
$$1.75
......
30C
common—
6-10
1
20c
t$2
———.
Loan,
5-31
7-
15c
2 (4c
(quar.)
6-
6-15
$1.50
(quar.)
$1.06(4
$2.50 prior pfd,
-
mortgage 3%%
RR.
Bishop Oil Co.
2235
.
1st
Creek
1
1
J20c
>.
Telephone Co. of Canada (quar,)
Beneficial Industrial
..
Standard Bleachery & Printing Co.—^
$1.50
—
(quar.)—...
6-15
—
Elliott Co., 5V4%
Common
6-20
1
Pennsylvania, Ohio & Detroit RR.—
1st & ref. mtge. 3%% bonds, series D, due 1968——July 1
Phelps Dodge Corp., conv. 314% debentures, due 1952—Jun 15
Philadelphia Co., 414% collateral trust bonds due 1961—July 1
Portland General Electric Co., 1st mtge. 5s, due 1950—Jun
5
Pressed Steel Car Co., Inc., 5% debentures due 1951—July
1
Ruppert (Jacob), 5% debentures due 1950—
July 1
Schenley Distillers Corp. 514 % preferred stock
—Jun 30
Scoville Mfg. Co., 314% debentures due 1950
July 1
.Shell Union Oil Corp., 214% debentures due 1954——July 1
Socony-Vacuum Oil Co., Inc., 2%% debs, due 1955—July 1
6-15
1
Panhandle Eastern Pipe Line Co.—
due 1962—July
1
7-
1975
1
1
7-
Quarterly
$1.50
(quar.)—
6-15
12-15
Electrical Products Consol (Seattle, Wash.)—
preferred (quar.).——...
$6 2nd preferred (quar.),
——
American Home Products
(monthly)
—
American News Co.. (bi-monthly)
American Tobacco, 6%
preferred (quar.)—
Beech
—
6-10
6-20
common
5-31
6-15
12*15
25c
6-10
1
Creamery,
6-10
l'
$62J/2C
6-10
7-
(W. D.) & Sons, class A (accum.)
6-10.
...
1
12 Vzc
Beatrice
7-1
6-30
75c
1
6-15
—_
6-
7-31
$1.25
—
7-
1
1st
6-24*
6-15
20c
37 (4 c
6-20
7-
_—■
7- 3
25c
i——
Electric Ferries
6- 3
$1.50
Beath
6-20
$$2.50
$1.75
7-
$1
———
common—
1
(irregular)
$1.75
preferred (quar.)—
(irreg.)
—
American Hair & Felt,
6-20
7-
25c
50c
common
(quar.)—±
1
(quar.)
Elastic Stop-Nut Corp., common—
6% preferred (quar.)
9
6-
preferred
6-13
7-
$1.50
(quar.)—.
Dunlop Tire 81 Rubber Goods i.Co., Ltd.—
5% 1st preference (s-a)L
6-13
6%
1
$1.25
Inc., 6% prior pfd.
Electric Household Utilities
$1.50
(quar.)-—
—
Co.,
7-
$4
1st preferred—
43 % C
(quar.)
common,
Co., 7%
6-15
50c
.—...
(quar.)
Felt
Luzerne County Gas & Electric Corp.—
1st mortgage 314% bonds due 1966—
—July
New York City Omnibus Corp.—
New York Rys. Corp., prior lien 68, ser. A. due 1958—July
New York Power & Light Corp., 1st mtge. 3%s due 1964.July
—
______
1
-—-Jun 30
bonds,
—July 1
4%
series B, due I960—-.
South Carolina Electric &
A
Can
6%
July 1
——Jun 15
Lafayette Hotel Co., 1st mtge. 5s, due 1947
1st mtge. & 1st lien 3%. bonds, series C,
Baldwin
&
Allied Chemical & Dye
Allied Products Corp.,
2192
1st mtge. 314s due 1969
LeTourneau (R. G.),,Inc., preferred stock..
Louisville & Nashville RR., unified mtge.
6-
American
Georgia-Carolina Power Co., 1st mtge. 5s due 1952—July
Hartford Times, Inc., 314% debentures due 1950
—-Jun 21
refunding 614%
1
American
bonds, ser. A,
July
414%
1948
7-
(quar.)—
6-9
25c
$1
7% preferred
6- 9
$1.75
preferred
5-31,
6-30
'
Donahoe's, Inc., 6% preferred (quar.)...
Duke Power Co., common—
7-14
1
$7
6-17
6-15
15c
(initial).
7% preferred (quar.).——
6-24
7r
Alexander
Dayton Power & Light Co., 1st mtge. 3% bonds due 1970-July
Dominion Tar & Chemical Co., Ltd., 414% debs., ser. A__Aug
due
6-30
8-1
$1.50
2189
bonds, series E, due 1969———Aug
Eastern Massachusetts Street Ry.,
Detroit Harvester Co.
8
$1.25
pfd. (quar.)
(quar.).——
preferred
$5
(quar.)—.
Class
Emporium Capwell, 1st mtge. 4% bonds, due 1952—-July
General Steel Castings Corp., 1st mtge; 514%
bonds,
series A—!.——_______—
July
6-
$1.25
Power,
preferred
1
......
Of Ree.
6-22
Alabama
2188
1
Consolidated Cigar Corp., 314% debentures due 1953—July
Consolidated Textile Co., Inc., conv. 5% debs., due 1953_Jun
Payable I
12V4C
Castings—.—
$6
6-15
7-
50e
Denver Tramway Corp.,
1st preferred
Boldert
Aetna Standard Engineering, 5%
————July 31
Bangor Hydro-Electric Co., 1st mtge. 3 %s due 1966—July 1
Bethlehem Steel Corp., 3(4% bonds, series P, due 1959-July 1
Burdines, Inc., preference stock.
;
July 1
Century Ribbon Mills, Inc., .7% preferred stock
—Sep ,1
Chicago & Western Indiana RR.—
6-15
1
25C
Di Giorgio Fruit Co., $3 partic. pfd. (s-a)..
Dominion Dairies Ltd., 5% pfd. (initial)....
Dominion Glass Co., Ltd., common (quar.).
When
thare
Name ot Company
Aluminum
1
7-
Delta Air Lines Corp.,
DeWitt Hotel
1857
7-
62V2C
conv.
Delaware Power & Light, common
4% preferred (quar.)..—
Industrial and Miscellaneous Companies
Advance
Corp.—
Collateral trust 6% bonds dated 1934-,.
6-15
25c
& Securities Corp.
of Canada—
5% preferred (s-a)_—
......
Delaware Fund Inc. (quar.)———1—
;
The dividends announced this week are:
American Utilities Service
6-15
1
Debenture
declared.
REDEMPTION
Company and IssueAlabama Gas Co., 1st mtge. 4(4% bonds due 1951.
American Bemberg Corp., 7% preferred stock--
,
are
2185
7%
6-15
1
...
grouped in two separate tables. In the
first we bring together all the dividends announced the
current week,
Then we follow with a second table in
which we show the dividends previously announced, but
which have not yet been paid.
Further details and rec¬
ord of past dividend! payments in many cases are given
under the company name in our "General Corporation
and Investment News Department" in the week when
Page
•
7-1
7-
7-
433/4C
:
preferred (quar,)
rv\n<fnm<»-<!
(Reading)———.
Continental Motors Corp
Crown Zellerbach Corp.—
Crystal Tissue, 8% preferred (s-a).
De Long Hook & Eye Co. (quar.)—.
1.
DIVIDENDS
Dividends
6-30
X
$2
—
Consolidated Steel Corp., common
$1.75 preierred (quar.)—,
Consolidation Coal Co.—-
*
6-16
8-
iuC
$2.50
.
of Ree.
6-30
$1.25
*40c
"(interim)-
8% preferred (quar.)—,
•Announcement in this issue,
TENDER
Bolder•
1808
1
1
in
ing tenders, and the page number gives the location
which the details were given in the "Chronicle."
When
Payable
50c
*—(oiJP'-.t
Consolidated Press, Ltd., class A
ing CO., 5% debentures, due 1954.—.
..July
Youngstown Sheet & Tube Co., 4% conv. debs, due 1948_July
preferred and common stocks called for redemption,
including those called under sinking fund provisions.
The date indicates the redemption or last date for^mak¬
OF
Per
thare
Name of Company
Consolidated Cigar Corp....
.......
Consolidated Ectison Co, of New York—.
York Westchester Light¬
Westchester Lighting Co.-New
Below will be found a list of corporate
Page
Bate
Virginia Public Service Co.—
*
•
1st mortgage 3%% bonds due 1972————Jun 26
Sinking fund. debentures due 1957——,
Jun 26
Webster Eisenlohr, Inc., 7% preferred stock
Aug 1
Notices
NOTICES
:
2341'
6-10
5-31
$1.50
6-15
6-
7-
1
6-19
6-30
6-19
$10c
10c
1
,
%
When
of Reo.
Lima
Locomotive Works
Lincoln
^qc
----
A
(quar.)
Class B
(quar.)
Common
ZZT'"7J~Zm,Vr)~
pfd. (quar.)-
Los Angeles
Investment (irregular)
Magnavox Company
---
Time, Inc.
Timken-Detroit
1
6-15
Tuckett
6-30
6-15
Tyler Fixture Corp., common„^^_7%
preferred class A
—B'/o preferred class B
Union Metal Manufacturing, com.
(quar.)__
$6 preferred
(quar.)
;
:
7-
Extra
Hone
9-18
1
6-15
7-
$1 5Q
7-
1
$1.75
7-
1
7-15
6-20
7-15
6-20
l5c
50c
77-
10c
——
6-15
6-
6-15
1Qc
8
6-
6-15
1
6-10
Victor
$3
5-31
5-26
5L75
7-15
Electric & Power, $5
Waialua
Agricultural Co
Weber Showcase & Fixture-—
-----^
---r"~~«"7""nfd Touar.)
7-15
7- 3
6-
f$1.75
^
7-
3
6-
Corporation[
7-
6-15
6-30
7-
40c
Co.
series
dividend
$41/2
Pacific
Gamble
Telephone
6-15
6-10
4%
8
8
Adams
1
1
6-15
7-
5
6-20
6-10
6-20
6-
7-
5
9-
6-
8
6-
3
5-12
5-
8
7-25
7-15
6-
7-
1
6-10
6-30
6-20
7-1
§1.75
7-
1
5
25c
6-15
6-
7-
1
6-20
7-
1
•:
1*
6-
6-10
7-15
6-30
7-15
6-30
7-
gj
Co.
Industries,
of Canada,
Inc.
Louis)
Bank
American
6%
(J.
B.)
5%
preferred*
Stuart
Sweets
(D.
Co.
A.)
6-14
6-
7
$l.<w *
7-
1
6-21*
7-
1
6-10
'l
6-21
6-20
6-14*
6%
«0c
2?e
^
$1.62 A
^
7- 3
6-15
7-
1
6-20
7-
1
6-15
8-
1
7-15
1
6-15
5
6-15
$1
75
$L75.
3c
(interim)-
|15c
U
6-
7-
1
5-31
1
6-15
6-29
6-19
6- 3
8-
1
7-10
6-30
6-
3
6-30
6-
3
7-30
6-30
6-26
6-10
6-30
25c
*
6-15
1
7-15
7-
7- 1
$112 ¥2
5 ■
6-15
—
-w
7-15
6-20
7-15
371/2C
37/2
of
9
9
7-15
6-12
6-30
7- 1
6-15
7-
7- 3
5-31
Corp. (irreg.)-
6-20
6-28
6-15
Note,
(quar.)
America
Atlas Press Co.
.Automatic
Insurance
Co.
7-
1
6-15
6-15;
6-
6-
9
7-
6-15
American Hide
conv.
American
&
preferred
(s-a)
Manufacturing
Meter
,
9*
non-cum,
60c
6-
1
5-23
ZDC
6-30
6-20
4¥>%
$3
preferred
(participating)
1
6-24
1
6-24
—oka
+$2.50
25c
?12'/2c
15c
6-30
6-
5
6-30
8 Ac
—
6-
5
7-
6-15
3
6-15
5-31
6-15
5-31
9
5-15
6-
6-
louc
5-31
3
6-15
7-
6-15
7-
6-
5-31
7-
5-31
Packing
37V£c
37 ho
(quar.)——
Co.
Harbor
i»c
—
Corp
(Bklyn.)
Bensonhurst Nat'l. Bank
Benton
I1
(quar.)—
Corp.
Aviation
$1
10c
/i>c
(quar.)—
Malleable Industries
Berghoff Brewing
Limestone
.Bessemer
&
Cement—
6-
5
6-15
6-
1
6-10
6-30
6-30
6-15
5-3l
6-15
6-15
_
6-
6-20
7-
1
preferred (quar.)
Co., 7% preferred (quar.)—Water Works, 6fy pfd. (quar.)
Bloch Bros. Tobacco Co., 6c/o pfd. (quar.)—
1
6-15
Bon
6-29
Ami
Class
6-15
(Sidney),
Aluminum
Bohn
5-18
7-
&
Company,
B
(quar.)
Co.,
(F. E.)
(quar.)
preferred
7%
<cc
Corp
Brass
class A (quar.)
$1
62Ac
75c
—
$3 preferred
(accum.)—
Co. 4—,
Albany RR
Elevated Railway (quar.)
6-
Borne-Scrymser
1
6-
Boston
7-
Bower
6-
Brach
6-15
6-
Brandon Corp., class A
6-15
6-
Brazilian Traction
6-15
Breeze
6-30
1
6-15
6-12
6-
1
7-
1
6-10
7-
1
6-10
7-
1
6-10
9-
1
8-25
12-
1
11-25
$L2o
(irregular)
Roller Bearing———:
(E. J.) & Sons (quar.)—-—
Wharf
—
(accum.)————-
(quar.)
Bright (T. G.) & Co., Ltd., 6% pfd. (quar.)
American Oil, Ltd. (quar.)—
—
Brunswick-Balke-Collender
common
6-
6-10
5-18
Budd
6-15
7-
1
5-16
6-
2
6-30
5-29
7-
6-10
1
6-14
6-12
75c
*$1.50
+25c
25c
6-
5
Co.———————25c
Building Products Ltd. (quar.)
+I5c
6-
1
Ring
California
Ink
Co.
6-10
6-30
6-23
6-15
4-27
6-
6-10
5-25
6-15
6-
6-15
5-31*
7-
3
6-
6-15
6-
1
7-
6-15
7-
62¥2c
50c
50c
37¥2c
25c
$1.75
1
1
6-15
6-10
6-
1
1
6-
6-
1
6-16
7-
1
Mills.
•:
5-31
6-10
5-27
6-15
5-15
6-15
6-
fnc
$1-75
-uc
(quar.)
5-31
6-30
6-10
>
7-
1
6-15*
7-
1
6-15*
25c
6-15
5-29
6-15
6-
8
Campbell, Wyant & Cannon Foundry——_
Cement, 6¥2% preferred (accum.)—
Stone,
Canada
5%
s.
Ltd.
(quar.)
Ginger Ale—
Foundries & Forging, class
Class
Wire & Cable,
B
6-20
5-19
7-
1
6-13
1
6-10
7-
3
6-13
5-31*
6-
6-
2
5
5-
5
6-15
6-
1
6-
5
6-20
6-10
6-15
6-
6-10
5-25
6-
Canadian
.
20c
27 82/100c
,
6-15
5-15
6-
1
6-
1
'
(quar.)
1st
Canners,
25c
preference
1
5-25
6-
6-30
6-15
6-30
6-15
6-
8
1
5-24
6-
1
6-28
6-
1
J50c
6-15
5-15
7-15
6-20
7-25
6-20
+1®®
?$l.7b
$$1
7
fuoc
(quar.)—
**+9^!?
(quar.)—.
7- 3
6-15
6-15
5-31
6-15
5-3^
5-31
1
5-15
7-
3
6-15
7-
3
6-15
3
6*15
7-
7-
—
preferred (quar.)
Particioating
i——-—--Canadian Car &: Foundry, 77o pref. (quar.)
non-cum.
6-
6-20
6-20
6-15
pfd. (quar.)
Ltd, common
Participating
60c
.
6-14
1
*37 /2c
toOc
(quar.)—.
6¥2%. preferred
5
6-10
6-15
class A (quar.)—
Canadian Breweries, $3.40 conv.
5%
.7-15
6-15
7- 1
7- 1
U5c
^
Quarterly
5
1
Jibe
+$1.20
———-
A (quar.)
Canada Machinery Corp., Ltd. (interim).—
Canada Malting Co., Ltd, regist. (quar.)—
«.Canada Northern Power, common (quar.)—
7% preferred (quar.)
——
Canada .Permanent Mortgage (Toronto)—
Canada
+$1:25
—-
1st preference (quar.)—
f.
Canada Dry
Canada
37¥2c
25c
Cycle & Motor, Ltd., com. (quar.)—
Sanitary—
$1.12 ¥2
40c
—
Canada
Canada Crushed
1
1
6-15
7-
6-15
r
(quar.)————
preferred
6
6-10
6-14
6-12
——
Campbell (A. S.) Co
6-16
6-12
20c
7
7-
5%
1
6-10
California-Pacific Utilities—
75c
1
6-10
6-20
(quar.)
Burgess Battery
—
—
Burroughs Adding Machine Co.a
——Butler Water, 7% preferred (quar.)—^—
Cotton
1
7-
7-
$L2o
<
^uc
Wheel
Piston
6-10
1
1
48c
50c
7bC
$5
BUTd
5-31
7-
9
——
5-18
5
5-29
6-30
6-
Broadway Market Corp. (quar.)
—*.■■■■'■
loc
Brooke (E. & G.) Iron Co. (Birdsboro, Pa.)
15c
Brown & Sharpe Mfg. .Co. (quar.)
——
$L5U
Bruck Silk Mills Ltd. (interim)
*10c
6-10
1
6-15
6-15
6-
British
6-15
6-
1
7-
6-20
—
preferred (quar.)
Buckeye Pipe Line Co.—————
Bucyrus-Erie Co., common—
—
7% preferred (quar.)
6-12
7-15
6-30
——-—
—
7-15
7-31
5°c
37/2c
$1.50
$1
—
Light & Power (interim).
Corporations
Corp. of America
Briggs & Stratton Corp..
6-15
7-31
75c
Co.
Brewing
7-
fl
&
6-
68%c
15c
15c
15c
,
5
1
7-
6%
50c
(quar.)
5
6-30
Bell Aircraft Corp
7-
25c
3
6-15
7-
6-10
50c
(Initial)
6-6
7-
7-
■
(quar.)
preferred
6-15
20c
common
.
7-
Rolling Mill—
Co.,
7-1
6-15
6-15
.
Service
$2-50
$1.50
$1-75
—--—-
6-15
6-30
(quar.)——_————-
6-15
Common
American
75c
(quar.)_—
———
Boston
(s-a)
preferred
6-20
(quar.).—_—
Boston
(s-a)
convertible
6-20
1
$8'75
1
5-26
American
1
7-
6-29
1
6-30
5
1
7-
1
6-
10c
1
7-
—
7-
3
6-
1
6-15
$1.50
$1.75
7-
6-15
6-
1
2
12¥2c
7-
7-
7c
$1-50
$1.75
6-26
6-19
7-
37¥2c
———
6-
6-
6-12
6-
€-20
6-
5-31
7-15
6-15
6-30
1
6-15
7-15
2&c
6-30
6-20
*L
1
25c
6-15
$1.75
50c
5
1
$1.50
$1.25
.
6-
'5c
$L75
50c
Standard
5-31
6-10
&
$3.50
&
6-
6-10
Birmingham
(quar.)-^„
Radiator
6-17
Zc
Best
5
American Public Service, 7% pfd. (accum.)_
American Public Welfare Trust—
American
5-25
5-12
7-
American
6-15 <
5-22
6-10
5-22
1
5-31
6-30
i
6-15
500
$1
.
25c
6-
5
6-
6- 5
A
6-12
—
Co.—
6-
-
pfd.
2
$2.50
25c
(quar.)—
pfd.
6%
6-
Co
7%
5
6-
—
Works-
1
-
Paper Goods,
6-
6-28
6-15
8-
Finance Corp.—
preferred
6-30
$1.50
7-
of Illinois—
Co.—
National
6-12
$1.50
25c
$6 preferred
6-15
(quar.)_.
preferred
6-3Q
1
Belding-Corticelli, common (quar.)—*$1-00
7% preferred (quar.)—.
*$1-75
Beech-Nut
5-19
preferred (quar.)
(quar.)
Machinery
American Locker Co., class A (quar.)
American Locomotive Co., common (irreg.)_7% preferred (quar.)__
—
American Machine & Foundry—.
American
1
7-
6-15
California
Metals
8-
5-15
6-10
Laundry
&
6- 5
5-15
6-
convertible
Machine
6-12
6-20
6-
$1¥2
6-10
.
American
6-30
7-
6"
preference
American
5-15
—
$1.25
$1.50
—
Investment Co.
5-15
6-
1
(quar.)——
of Deleware, prior
6-10
6-10
$2.50
Bayuk Cigars, Inc..
—
Beatty Brothers, class A (quar.)—
7
Class B
(quar.)
7% 2nd preferred (s-a)———
Beaunit Mills, Inc., common (quar.)———
6-30
Leather—
preferred
6-
6-12
Investing Corp.—
Oil Co.
6-24
Insulator Corp.
American
Class
H.)
Belmont Radio
6-15
1
(W.
Bendix
1
1
6-15
6-30
Refractories Inc
Basic
1
6-12
1
40c
^J-.-25
———
—
6-16
75c
50c
$1.25
$1
class A (quar.).—_
6-
—
(quar.)
preferred (quar.)—
Bank of Nova Scotia (quar.)
6-30
(St.
—
5-31
7-
6-14
(quar.)
National
7-
6-15
6c
preferred
5-20
Cities Power & Light Corp—
Colortype
6-10
6-15
5-31
prior preferred
Locomotive
5-20
—
6-20
1
—
Bangor & Aroostook RR. Co.—
■V
5% preferred (accum.)—
1
6-30
B
(quar.)
preferred (quar.)—
——
—
12¥2c
7% preferred (quar.)
$1.75
7% preferred
(quar.)_.
—
$1.75
American Export Lines, Inc
———
50c
American Factors, Ltd
30c
American & Foreign Power Co. Inc.—
$6 preferred (accum.)
$1.50
$7 preferred (accum,)
—-i-—
$1-75
American Gas & Electric, common (quar.)_
40c
4%% preferred (quar,)
—.
$1.18%
American General Corp., common (special)15c
American Hardware Corp.
(quar.)—
\
25c
American-Hawaiian Steamship Co._.
75c
$1
Baldwin
20c
(quar.)
1
6-30
(quar.)
prior pfd. (payment clears all arrears)
6-10
—
7-
6-30
—
Co.—.—,
Alarm
Tobacco,
7-20
(quar.)
6-20
15c
$25c
—.
(quar.)
Fire
6-10
common
1
5-31
„
5-29
5%
American
6-15
6-15
7-
7-
6-12
—
(s-a)
Avery (B. F.) & Sons, 6% pfd.
Avondale Mills, common————
Booth
Class
5%
1
1
6
5-25
6-21
———---
——
Barber-Ellis of Canada
5-29
75c
37¥2c
30c
$2.75 class A (optional dividend series) of
1936.
Cash or 3V share of class B stk._
$2
1
1
1
6
6-
6-10
6-15
37V2c
G%
5-31
35c
15c
6-
6-23
6-28
*——
(Conn.)..
Co—1
Common
6-16
7-
$$2.50'"'
6-10
6-26
West Indies SS Lines—
&
Powder
7%
8
—
preferred
American
30c
(irreg.)
Atlas
Blumenthal
—
American
6%
Line Co.
Coast
Bankers
6-15
1
6-24
6-15
(quar.)—-
Atlantic Refining Co
„Atlas Drop Forge—
Atlas Imperial Diesel Engine
1
5-12
7-
7-
6
$2.50
Bangor Hydro-Electric
6-29
Cigarette & Cigar, common
American
5%
—
66-
7- 1
6-24
7-
6-30
12'/2C
(s-a)
B/G Foods, Inc., 7%
7-
common
Co.
6-20
6-
5-31
5-29
6
!8c
——
non-cumul. preferred
5%
6
6-30
American Envelope,
Corp.—
(accum.)
Oil
Atlantic
6-30
$$1.25
15c
$$2
$30c
(quar.)_
Corp.,
Extra
7-
(accum.)—
Strouss-Hirschberg Co
preferred
25c
Chicle
American
American
$1371/0
(accum.)
Co.,
7-15
1
77-
Topeka & Santa Fe Ry. Co.—
Atlantic Gulf
•6-
7-15
6-14
6-15
$1.50
$1
50c
50c
Corp., 75c preferred (s-a)—
Atlantic Coast Line RR. Co.—,
6-16
9
6-15
7T
—
preferred (s-a)_—
5%
6
6-
5c
•
(quar.)——
com.
6-
Atlanta Birmingham & Coast RR.—
6-29
(quar.)
American Chain & Cable, common-:——-
6-15
6-15
(quar.,
5% pfd.
(quar.)
Common
preferred
9
(quar.)
Co.,
5
1
7-
$1.25
25c
—
(quar.)—.
preferred
5%
9
6-
-
———
of Canada
6-
$1.50
——
Inc.
Investment
5%
6-15
6-
preferred
6-13
7-
preferred
(quar.)———
Southwestern Engineering Co. (quar.)
Spencer Trask Fund,
8%
6-
1
Works,
Breweries
Associates
$4.50
$3.75
(quar.)
1
1
(quar.)
(quar.)
common
Automobile
American
7-1
7-
—
pfd.
Holding Corp. (s-a)
American Agricultural Chemical
6-15
7-10
$6
Stetson
Atchison
1
Co.—
Corp.
Associated
25c
25c
$1.50
common
Amerex
Edison—
Lithograph
Astor Financial
Metals
$1.25
Ltd
Amalgamated Leather Cos. Inc.—
6% preferred
7
6-28
gQc
original preferred (quar.)
—
51/2 c/o preferred C
(quar.)—-—rr~~
Southern California Plastic Co. (stock div.)
Southwestern Associated Telephone Co.—
Stetcher-Traung
6-10
6-10
25c
„
American Cyanamid Co.,
(H.) & Sons, common .(quar.)
preferred
1
3
3
25c
$1.75
6-13
.
—
Gas
Constable
50c
Mfg.,
Amalgamated Electric
6-10
$1,50
5%
$3
6-15
20c
$4.50
(quar.)
(quar.)
preferred
Aluminum
6-10
7-
$4
t~".""7777
Standard Fruit & Steamship
1
7-
$1
$1
common
Aluminum
6-20
$1.75
preferred
Southern California
6-
7-
75c
25c
a
Aluminium, Ltd.,
—
of Canada
6-15
Art
of Reo,
Common
.
15c
(quar.)---------Smith (Howard) Paper Mills, Ltd.—
6 r/o
preferred (quar.)—
Snap-On-Tools Corp. ^quar.)—
South Penn Oil Co.
(quar.)
South Pittsburgh Water Co.—
4¥2 % preferred (quar.)_.
South Porto Rico Sugar (increased)-
5%
8
6-12
7%
Arnold
Holders
Mills
Extra
Allied Stores Corp.,
Allis-Chalmers
1
Scovill
Sherwin-Williams Co.
6-20
Barnsdall
ordinary
Alpha Portland Cement—
Aluminum Co. of America, 6%
25
Rlpayabm fo° wmmonTtockhVlders of South
St. Lo0uris0"Ban°k Sing°'& Equipment Co.-
Simon
1
6-
7-
(s-a)
Western
7-
7-
o$l
—
————
common———-—
& Co.
6-15
7-
2°c
(111.), $6 prior pfd. (accum.)
Armstrong Cork Co.,
conv. pfd. (quar.)
Armstrong Rubber, class A (irregular)
Class B (irregular)
■,
$$1.75
—
RR.,
6-15
-
Corp
(quar.)..—
preferred (quar.)—
—$6.50 preferred (quar.).--
Regis Paper, 7% preferred
Manufacturing Cm_—Seattle Brewing & Malting Co
Armour
When
—
(quar.)
Southern
6-15
-
—
Inc.
Great
6-15
^5C
Inc.,
Semi-annually
—;
1
tin
(quar.)"---"777-"""'
Mills
St.
Arkansas
6-15
Payable
/V-
1
7-
Telephone
1st
Bros.
6-10
1
Inc.
Mfg.,
preferred
6-20
(Watertown, N. Y.)
1
7-
7-
41/2%
roos
6%
Barber
7-
Riverside & Dan River Cotton
Rochester
Allied
6-16
6-30
6-20
1>5Q
(quar.)_.
'.—_—;
7-
<23=.;
A preferred
Manufacturing
6%
6-15
&
(quar.)-
D.)
(J.
Air Associates,
5-26
6-30
12%c
(hreg.)—-& Saratoga RR- is
'
•
Electrical
„rC
V* 7% prior preferred (quar.)__
.—
Applied Arts Corp. (irregular)
Arizona Edison, $| pfd. (initial quar.)—
Arkansas Missouri Power, common (irreg.)-
6-25
1
—Ijjc
Mining-———————
Mining—
Anheuser-Busch,
6-26
;«..$L\
75c
20c
37¥ac
~ 35c
6-15
$45
Corp.
6% preferred (s-a)
Metal Co._—
7-
15c
7-1
^
—
Riverside
5-31
40c
participating preferred
Albany & Susquehanna RR. (irregular)
__J \
Algoma Steel, Ltd., 5% preferred (s-a)___—
Allegheny Ludlum Steel, common
;__L
Allied Laboratories (irregular)
^
50o
preferred
6-15
6-15
$2,25
—
r.
Companies
Alabama
9-30
2Qc
$2 5Q
67o
5
share
Special
6
4Qc
pfd.
3*
6-
2
5-31
-
Reynolds Metals, 5¥2% conv.
Richmond Water Works Corp.
6-
6-
6-15
25c
Philadelphia Dairy Products-$6 prior preferred
Pittsburgh Fort Wayne & Chicago Ry.
•
Common
(quar.)
—7% preferred (quar.)——
Pittsburgh Metanurgical Co.—-r
Rensselaer
6-15
1
1
50c
?ee°odaSWatUegr Work's Co?7% "pTdTTquarT-
Steel
1
6
6-10
$L5°
•
(quar.)-
Reliance
7-
of New York (s-a)..—
Copper
Copper
Apex
6-15
$1.25
15c
Quarterly.'
5
6-
(quar.)-
Plymouth Oil Co. (quar.)
Proprietary Mines
Puget Sound Power & Fight Co.
$5 prior preference
(quar.)
Putnam (George) Fund -_—-------
6-10
(quar.)_^—1,
common
Agricultural Insurance
6-16
1
6-15
•
-
(quar.)
6-21*
1
6-
Miscellaneous
and
Agnew-Surpass Shoe Stores—
7% preferred (quar.)__.
6-15
6-
.
SugarfY#~preferred
Co.
1
7-
7-
(accum.)
Supply Mfg., class A (quar.)Aetna Ball Bearing Mfg. Co
6-15
7-
50c
Pennsylvania Water & Power, com.
Stove
6-
Andes
75c
(irregular)-—
preferred (s-a).
Metal,, Inc., common
Ampco
.
■4
"VP
——--
Tobacco
Surety Co.
Anaconda
50c
25c
$1.25
30c
$3.60
•
¥
Aero
2Qc
ranh
Co.
Acme Steel
6-
12¥2C
Perfection
6-20
$1.06'A
(quar.)
(quar.)—
preferred
6-
7-
$$1.25
~
(increased quarterly)-
$5 preferred (quar.)-
1
*—
6-24
43%c
Parker Appliance (reduced quar.)—Parker-Wolverine Co. ——
Pavonia Bldg.
(liquidating)
■---
PennsyTvania
50c
$1.75
7-
1
.
preferred
Extra
40c
(quar.)—
6-
6-10
of Company
Laboratories,
Abbott
6-10
$2.50
Telegraph-—r"777,7
Pictures
Paramount
5-22
1
1
---
Ro])i"s°"
&
6-10
7-
.
Pacific
3
6-24
V
50c
—
"(7,77777
Co (qi
.
-(Minn.), common
,
Per
6-20
.
Tl?® J°"(^arT
preferred (quar.)—-
Otter Tail Power
7%
Steel,
(Alan)
Name
&Q
$5
-
(quar.)_
pfd,
Corporation
3
*}.;g
OwfcmesVaTenleT^ (qua .)—
preferred
Sugar Co._—- -
6%
Sumatra
Axton-Fisher
6-
7-
'
prior
6-15
5-31
$150
'
Ontario Loan & Cebenture
5-31
5-31
preceding table.
7-
A__—-—40c
$13A
5-31
7-1
50c
Mississippi Telegraph Co.---
7
the dividends announced in previoui
weeks and not yet paid. The list does not include divi¬
dends announced this week, these being given in the
6-10
'
_
(quar.)"(7""77i7r7 «
Corp. <irregu a
5-31
7
7%
-
$6 preferred
Ohio Forge & Machine
$1.25
American Telephone & Telegraph (quar.)_—
$*..25
American Thread, 5c/o, preferred (s-a),
12/2C
American Woolen, 7% preferred (accum.)—
$2
Amoskeag Co., common (s-a)—75c
Co.
Refining—.
(quar.)
preferred
American
Below we give
6-10
6-30
**•
Oklahoma Gas <s-a)-—
Northwestern Telegraph (s-a)
—No-Sag Spring (irregular)——Ohio Brass, class
Onomea
6-15
6-10
o,each iuu oas ,
pacitic inuiw
Northern
5-31
7
1944.
Industrial
for
American
7%
5-31
,
1
6-17
' *111
Nortrs£rcaSilh^td,..
Ohio Seamless
York
5-26
$3.12*
(liquidating).
31,
5-31
15c
$1.75
-
N^Ki5SdCrrS?o
Ohio &
6-15
Wood
(quar.)
Noblitt-Sparks Industries
Ohio Edison Co.,
1
6-15
SKK?
common
6-15
$1.31 y4
S;; aS w" Shares
5
1
$1.12 ¥2
nrpferre^
Electric
6-
7-
--
--
5-29
1
6-15
$3 5Q
A
^quar.)^—^ *
England Public Service
$6 preferred (accum-)$7 preferred
(accum.)
6-15
6-30
6-
$1
25c
$1.50
preferred (initial quarterly)Weyerhaeuser Timber Co....
Wheeling Steel Corp., common
$5. convertible preferred (quar.)
—_
Williams (R. C.) & Co., Inc
Willys-Overland, 6% preferred (accum.)___
This payment clears all arrears to March
6-15
6-
25c
^
1
7-15
Sugar
6-
$1.25
Co.,
6-5
Stores
American
Products—
Chlorine
3
American
5
6-12
(accum.)__ ¥■■¥- 50c
$4.25
6-12
6-30
7-
6
5-15
1
6-
$1.50
New
New Idea, Inc.
Inc.
Water
Westvaco
12%c
^
$5.25 1st preferred
Westmoreland,
Westmoreland
6-
*81'Ac
_
Nehi Corp.,
5-15
6-15
6-16
7-
7
6-
75c
10c
$1.50
33 ¥30
30c
(quar.)__
5-18
6-28
5Qc
6-10
7-15
$2
10c
Coal
Westmoreland
6
5-31
1
6-10
$1.75
(quar.)
preferred
5%
6
6-15
7-
A'i
—
6-
6-15
,.
6-17
ooc
——
(quar.)_;
6-
5-31
___
—
■/
6-15
6-30
6-20
Stationery—
&
50c
pia^act
Nazareth
Tablet
6-30
6-10
6-12
.
(initial)
pfd.
preferred
1st
participating
$2
Western
Steel Foundries
.
(quar.)
Co.
25c
~
Nanaimo-Duncan Utilities,
w
Nash-Kelvinator Corp.
----Taccum.)
National Refining Co., 6% pr.
j
National Steel Car Corp. Ltd. (quar.)---
inye.'tment Co. lquar.)
Cement, 7% preferred is a;
9
6-6
3
^$1.75
^
(irre^a^1"~r"~"
Naval Stores
9
6-
7-
f55'/2c
6-
7-15
(quar.)—-- "-7 " "
77
Moore Corporation, common (quar.)—
7% preferred A (quar.)
-r~
7% preferred B (quar.)—-----Muller (Maud) Candy
Mvers (F. E.) & Brothers (irregular)—
Stamping
American
46%c
15c
$1.50
;
Virginia
1
7-
Monaghan
American
7
$4¥a
(accum.)
6-15
$3.50
—
6-15
10c
4C%c
(quar.)
S. Foil Co., 7%
preferred (quar.)
:
S. Leather Co., 7%
prior pfd. (quar.)__ '
6-20
7-
9
$1.25
6-15
$2
.,
Publishers, Inc.—
Uppressit Metal Cap, 8% pfd.
Upson-Walton Co.
(reduced)
Utah Hotel Co.
(reduced)
Utah Oil Refining Co.
(quar.
1
(quar.)
pfd.
6-30
25c
66-
7-
Circuit—
Theatre
50c
$7 class A
Nachman
U.
6-10
Corp.."po"*7cnecial)Z--I-
(s-a)
U.
6-24
1
25c
30c
•'
7%
Ltd.,
preferred
$2
6-24
1
Co.,
Printers &
United
6-20
1
7-
Tobacco
:—-
—
5% preferred (quar.)
■
j 17»/2c
Axle
United Artists
6-10
n7VaC
"I
I-
Minneapolis & St. Louis RR. ( P
Modine Manufacturing Co. (quar.)
Monarch Mills
1
InsuranCe_______
,""777
(quar.)—
Matson Navigation
1
-
(quar.)
Mastic Asphalt Corp.
7-
10-
50c
Pref"r®^n(?auar
(s-a)
6-19
^75
$1 75
„
Martin-Parry Corp.
Massachusetts Plate Glass
(quar.)
preferred
convertible
$3
6-30
6-10
1
6-15
50c
10c
75c
50c
50c
$$1.75
of Rec.
$1
Ship Building Co., common
non-cumulatiye preferred—
7%
—
Holders
Payable
thart
Name of Company
of Reo,
American
—
common
6-15
$1
(quar.)
Co.,
6-30
Co., common
(B.)
(quar.)
Company
^
preferred (quar.)—
preferred (quar- - - - - - " "
Mapes Consolidated Manufacturing <qu
.)-Marathon Paper Mills, 6%
Marion Water, 7%
)""""-Maritime Tel. & Tel., common (quar.)—
Micromatic
Thermoid
7-10
7%
preferred
Texas
6-30
6-30
——
When
Payable
to
i$1.75
■
7%
7 %
6-30
7-10
$1.25
(quar.)
Loew's (Marcus) Theatres, 7%
Manischewitz
7-10
25c
,
changed
Mills
Hosiery
name
General Products Mfg. Corp.
g0c
—*
—-——
Supersllk
6-13
6-27
Telephone & Telegraph Co.—
Class
Name of Company
When
Holderi
Per
share
-
Hol&ert
payable
Per
Name of Company
Monday, June 5, 1944
FINANCIAL CHRONICLE
THE COMMERCIAL &
2342
6-15
7-
153c
3
7-
conv.
3
6-15
7-11
6-21
Volume
*
Celanese,
Extra
7%
$25c
u
t25c
6"30
(quar.)
preferred
—
Canfield
6%
common-'
Oil,,
——
(quar.)
preferred
Co. (quar.)
Clinchfield & Ohio Ry.
Carolina
Carpenter .Steel
each
pfd. (quar.)
Light Co., 4%%
Central Illinois
Public
Illinois
Central
$6
(quar.)—
(quar.)
(quar.).
preferred
preferred
5%
Central
&
6-20
6-15
5-20
6-15
5-20
$1.19
$1.75
$1.50
$1.50
62'Ac
;
—
West Utilities
South
7-15
6-30
1
6-10
Steel
$1.50
preferred
(s-a)—
preferred (s-a)—!
—
Chapman's Ice Cream Co. of Calif,
6-20
6-20
6-20
6-15
9- 1
(irreg.)
$
5-31
6-10 /
5-31
•
Hill
RR.
Chicago Daily
common———
6-
-
6-26
6-26
6-
6- 4
7- 1
5-20
$4
2
;
—.—_
Corporation——
.
Pacific Ry.
Cincinnati New Orleans & Texas
5%
.
Clark
Controller
Clark
-
Co.—
6-20
5%
*
$1.25
30c
.
5%
Counties
1st
Class
Coca-Cola
Class
A
Co.,
,
(quar.).
(reduced).
Investment
Loan, 5%
date
of
Confederation
on
14th day
y../-"-
6-13 t! '6- 2
6-30
6-16
Amusement 8%
Life Assurance
pfd.
6-12
7-15
6-30
6-30
6-10*
6-15
6-14-
6-15
6-15
6-15
$2
9-25:
12-25
6-15
6-
6-28
6-10
7-
6-15
5-5
6-27
1
7-
6-10:
"
90c
7-
1
1
6-15
7-
1
6-15
7-
1
Co.
(interim)
Continental Diamond Fibre Co.
Continental
Steel
_________
Corp—_
Continental Telephone
.
—
'
Electric Corp.,
1
preferred
$5(4
Petroleum,
Crane
5%
Co.,
.
of
Creameries
6-12
6-
6-
5
7-
—
(quar.)—
America
Inc
...
25c
75c
50c
20c
62M2C
—
Crompton & Knowles Loom Works—
r
6%
preferred, (quar.)
Crosley Corporation
Crowell-Collier Publishing
Extra
Crown
j
5%
Cork<& Seal Co., $2.25 pfd.
conv.
6-15
—
(quar.)—
(quar.)
6-16
6-16
6-
5-12
6-
1
6-10
6-
American
Lakes
Great
5
1
6-15
6-10
5-25,
62 Mac
.
1
6-
6-24
6-10
Union
Industries,
———
1
,
6-24
6-
1
6-15
6-
1
6%
2nd
Great
1st pfd.
(quar.)
preferred
6-30
Cananea
5-15
7-
(quar.)
(quar.)—
$6 preferred (s-a)
5-31
5-31
Griggs Cooper & Co., 7% preferred
5-27
5-27'
6-20
preferred (quar.)—
7% preferred (quar.)—
Grinneil
9
(N.
6-19
6-
3
Guarantee Co.
—
(quar.)
Corp.
7- 1
6-15
6-12
of North
America
Extra
70c
"7-15.
6-30*
7-15.
6-30*
1
Gulf
$5.50
—.
Hall
56M4c
7-
1
6-22
Hamilton
7- I
6-14
Hammermill
(W.
F.)
$1.37 Ma
7-
1
6-14
414%
$1.50
7-
1
6-14
Hammond
3
6-19
5-22
6-30
5-30
5-30
3
6-15
3
6-15
6-12
6-30
6-15
7-
6-15
6-
1
5
1
6-15
7-
1
6-24
10-
2
9-25
1-2-45
12-23
7-
6-15
5-29
6-30
6-
7-15
6-30
2
7-15
6-30
,
7-
1
6-
9
25c
7-
1
6-
9
5-31
43%c
6-30
6-16
25c
6-20
6-
5
10c
6-15
6-
5
(quar.)
25c
(quar.)—$1.1214
6-20
6-
5
7-
6-15
$1.50
$1.37Vi
(quar.)
(quar.)
——
—
Paper, common
Instrument
L
(quar.)
—10c
25c
(M. A.)
preferred
Haverty Furniture, $1.50 preferred
1
8-17
12- 1
11-16
9-
Corp.,
6%
—
—
30c
7-15
7- &
7-15
7-
25c
7-
1
6-20
65c
7-
1
6-10>
(irregular)—.—
15 c
6-36
6-15
Co
Hein-Werner Motor Parts (quar,)—
(interim)——
HV20
6-28
6-
Helena
;——:
r—„■
3c
preferred (s-a)
37 Vac
(quar.).
$1.25
5
1
6-10
1
6-
6-13
8
Rubinstein,
7- 1
6-10
Hewitt Rubber Corp.
6-15,
Heywood-Wakefield Co.. common
9-15
Hibbard, Spencer,: Bartlett & Co. (monthly),
Monthly
—
Hinde & Dauch Paper Co., common
6-30'
Class
A
12-30'
12-15:
7- 1
6-16
$2.50
10- 1
9-16:
Holland
6-26
6-15
Hollander
6-36
6-10'
Holt
6-30
6-10:
7%
8-15
5%
(quar.)—
preferred
Furnace
(A.)
Renfrew
Co.
preferred
(quar.)
—
—
Corp.
—,
cT. A
1
—
(quar.)
—
Fund
Honolulu
Oil
Honolulu
Plantation
6-30
6-19
15c
6-15
5-31
50c
6-16
6-
7-15
7-10
5
2
25e
6-20:
6-
25c
6-10
Hoover Co.,
4%%
5-24
Houdaille-Hershey,
class
Houston
6-30
6-15
$1.50
6-30
6-15
15c
6-15
6-
5
6%
A
6-15
6-
5
Lighting & Power
lMae
6-15
5-31
6-15
6-
5
(Jersey City)—
6-23
50c
6-10
6- 1
25c
common
6-30
6-10-
6-
Huron
(Utah)—
(s-a)^
—
—~
:
(s-a)
50c
6-10
'
25c
6-10
6-
6-24
6-14
6-24
6-14
Ford
6-15
5-31*
Ford Motor
Inc.? common
6-15
6-
9
6-15
6-
9
$1.75
25c
6-15
5-26
62V2c
6-15
5-26
15c
(quar.)
$2M2
6-15
6-
5
50c
L.
6-10
6- 1
6%:
Hotels Co
Co., Ltd., ordinary (annual)
Motor Co. of Canada, Class A
6-20
15c
preferred (quar.)
Foote-Burt Co. (reduced)
6-30
$1.12 %
(Chicago) (quar.)
(quar.),:
6-22
1
6-13
5-15
$25c
6-1T
5-27
$25c
6-1T
5-27
5
6-
6
50c
25c
6-10
6-
1
1'
6-15
6-15
5-31
6-10
6-
Ltd., Class A
B (interim)
& Erie
1
6-
7-
1
6- 3.
7-
1
6-16
7-
6-15
6-
7-
3
6-15
7-
3
6-15
6-15
5-10
6-15
6-
6-
8
6-20
6-15
5-22
7-
1
6-20-
25c
6-20
6-10
30e
6-10
5-20
$1.00
6-30
6-16
75c
6-30
6-16
$$1
6-26
5-26
62VaC
(quar.)
J-JPII-L.
(monthly)
37'Ac
7-
1
6-
1
$1.50
6-30
6-19
$50c
7- 3
6-
7- 3
6- 1
7-
6-15
$$1
(quar.),,,
1
preferred (quar.)—
68 %c
(quar.) —
6-30
7% pfd.
6-20
$1.75
9-30
9-20
$1.75
Telephone—
12-30
12-20
$1.75
6-30
6-19
$2
—
gtd. (s-a)—•
Imperial Chemical Industries
Ordinary shares (final)
Ltd.—
j-
Imperial Life Assurance of Canada (quar.),
Imperial Tobacco of Canada, ord- (interim)
Indiana Gas & Chemical, $3 pfd. (quar.) —
General Service,
1
6-20
6-30
$1.75
7- 1
6-10
5%
7- 8
4-21
7-
Illinois Central RR. Co.—
Indiana
2
6-30
preferred (quar.)
7% preferred (quar.)
4%
5
6-20
7%
Leased Lines,
3
$50c
Huttig Sash & Door Co.,
Bell
6-20
7-18
$1'.12Ya,
30c
preferred (quar.).
Hussman-Ligonier, 544%
Illinois
1
6-30
7-28
15c
15c
25c
$1.25
50c
25c
$$3.50
2
(interim)
Mortgage
7-
5-29!
—————
1
6- 1
5-16
6-15
6-
6% pfd. (accum.)
of Texas,
Humphreys Mfg. Co.. 6%
Class
7-15
6-
6-30
Bay Mining & Smelting—
Humble Oil & Refining
Hunt's,
$1.00
...
6- .1
7-31
$1.06%
35c
Hudson
preferred
6-15
6-10
'
Houston Oil Co.
6-16*
1
(quar.),
$4.25 pfd.
^
gg
5-29
7.-
I5c
(quar.),
common
6-16
6-10
!——
Co."
Statler
$1.50
60c
—
Indemnity (quar.)_.
—
preferred (quar.)——
Co., Inc
Hotels
1
6-15
u.L,——25c»
(quar.)
Corp.
Electrochemical,
Hooker
—_
,—
Ltd
Oil
15 c
Cquar.)
—
Home
5-29
6-
7-
25c
20c
$15c
8-11
6-20
$1.75
:
:
preferred—
(accum,)
10c
:—
———,
(quar.)
Si Sons
Co.,7%
&
6-5
1
$$1.75
—_—
6-15
5
——-
—
(quar.)
30C:
—r
_•
9-30
$1.25
(quar.)
50e
Corp
at Bait.,
$1.25
$$1.50
(Canada) (s-a)
(extra)—
9-16
(Syracuse,
(quar.)
—
1
10-
25c
—
—
common
7- 6
6-15
25c,
50c
Brewing
(G.)
7-20
10-
6-16
——
Heileman
50c
—
—
^
—
(quar.)—
prior pref. (accum.)—
preferred
75c
of Amer.
Co.—
2%
6%
5-31
B
6-
6-15
Co.
preferred
Harvill
"
—„—
Y.)
First State Pawners Society
Flintkote Co., common
Class
3
7-
$1.50
$2
3c
(quar.),
3714c
Hayes Industries, Inc
25c
Hazel-Atlas Glass Co. (quar.),—.
$1.25
Hazeltine Corp
—50c.
Hecht Company (initial)——,——
30c
Hecla Mining Co
25c
6%
$1.25
(quar.)
1
6-16
3
7-
7-
Hartman Tobacco, $4
$1.25
6-15
6-30-
6-
5-31
Printing
Watch
'
(quar.)
pfd.
Water,
6-22
8
3
6-15
Co., $6
(quar.)
7% ■ preferred A
preferred
Hackensack
1
6-
7-
25c
——
—
7-
6-15
6-15
•
6-30
$$2.50
(quar.)—
Utilities
35c
1
6-30
$$1.50
—
States
6-
(Montreal)
:
:
Gulf Oil Corp.
$2.50
Gas
Stores
5-19
5-19
$1.75
$1.75
25c
$50
Group No. I Oil Corp.
60c
—
Security Corp. of\Ogden
Fair
9
6-15
6-
25c
13%c
$1.75
7%
5-31
Quarterly
Food
6-11
$3
5-31
6-30
—
:
preferred
1
6-21 '
1
50c
Co.—
Copper
6-
6-10
6-10
1
6-
7-
40c
(quar.)—
6-15
—!
common
6-
6-15
$1.75
preferred (quar.)—
;
Sugar,, common (reduced)—
Western
50c
(quar.)-
B
5-31
6-15
$1 1
Greenfield Tap & Die,
60C
————
Special
5-15
6-15
15c
——
interest
First National Bank of N. J.
Class
6-15
10c
5-31
preferred (quar.)
A
6-21
5-15
$75c
$75c
6%
1
6-
6-30
$25c
$25e
6-15
(quar.)—
Special
6-15
6-15
10c
Inc.—
50c
Fund
Class
6-12
6-12
1
Harbison-Walker Refractories Co*—
Industrial
'
6-10
1
1
Paper, $2 pfd. A (accum.)
$2 preferred B (accum.)__.
Great Northern Ry. Co., preferred
——
Hanna
Fireman's
First
'
7-
Engineering Works (quar.)——
7-
$1.25
1
7-
•
6-15
6-
6-15
7-
50c
25c
6-15
6-10
1
1
75c
(irregular)
(N. Y.)
Co.
6-30
,75c
78-
50c
6-10
1
6-15
7-
J
Greyhound Corp. (Del.), common
514% preferred (quar.)
6-10
6-14
1
5-27
Co
(quar.)
Fisheries
Pew
—
6-15
6-15
1
7-
6-20
Special
7-
/
8*
6-
7-
40c
5-26
3
6-15
3
6-10
Lakes
1 6-15
6-12
$35
5-31
Financial
1
6-10
7-
$1.25
Great
7- 3 :
1
6-20
(payment^glears all arrears—
6-15
.
6-12
7-
1
6-
—
(Marshall) «ruoM 67# preferred
Class B
6-30
6-30
Ford
—
5-22
1
10c
6-
1
5-29' '
75c
Fiduciary Trust Co. of New York (quar.) —
Finance Co.
7-10
7-
6-10
5-31
Cleaning & Dyeing
preferred (quar.)—
2nd
5-11
1
6-15
1
Special
United
6-15
of America—
preferred
6-14
7-
:
Mining & Smelting Co.—
Federal-Mogul Corp. (increased)
Federal Motor Truck Co.,(quar.)
6%
6-10
8-
5
5-19
50c
Federal
Enamel
5-12
6-
6-10,
common
&
6-10
6-15
6-17
ff-10
6-15,
Federal Fire. Insurance
Water
6-
—
6-15
62 Mac
preferred (s-a)
7%
1
6-20
1
6
6-12
80c.
,
Fenton
7-
6-20
—-———
Great American Indemnity
$25c
Rubber .(irregular)
1
6-
,50c
25c
56M4C
7-14
$1.25'/a
Federal Bake Shops, common
7-
7-15
$1.50
25c
5-26
8rl5
$1.50:,
(quar.)
Federal
6-
(quar.)
Grand
(quar.)—_
Farmers & Traders Life Insurance
5%
1
1
25c
Tubes_
Brewing Co.
Quarterly
(quar.)—
Quarterly
7-
:
$25c
Brewing Corp.,
Faultless
0-
6-
25C
Corp.
Y.)
1
6-15
6-15
—
,
N.
7-
15c
5-25
25c
(quar.)
beneficial
of
preferred
6-15
6-15
12(4c
5-19
1
5
0-
5c
Golden Cycle Corp. (quar.)
—25c
Goodrich
(B. F.)
Co., common—,
50c
$5 preferred (quar.)_
—
$1.25
Goodyear Tire & Rubber Co., common.
50c
$5 convertible preferred (quar.)
$1.25
Gordon Oil, class B
(quar.)
20c
Gorham, Inc., $3 preferred (accum.)
6-16
8-
5
6-
30c
56140
(quar.)
common——_4—
Co.,
Inc.,
1
62%c
25c
$1,25
Steel
6-
6-12
(quar.)—
(quar.)
Works
1
.
(initial s-a)—
dividend
7-
5
Knitting
7-
—
Metallurgical,Corp.,. $5 pfd.
preferred (quar.)
preferred (quar.)
Ferro
6-10
Globe
8
5
40c
(interim)
preferred
convertible
6-10
;
Gas, common
preferred A
$4V4
"(quar.)
,,
Crucible Steel Co.
Railroad
$5
■
1
5-27
1
6-
6-15
——
—
(N. Y.)
common
7-1."
(Texas)—
2nd preferred
$5
5-25*
$1.31(4
Qreole Petroleum Corp. (irregular50c
,
6-15
Co.,
5-23
(quar.)_
1941)
Fansteel
2
6-26
20c
common
A (initial quarterly)
5% conv. pfd. (accum.).
common
preferred
10c,
30c
$1.62)4
Co.-l.
Cornell-Dubilier
■
$1.75'
Copperweld Steel Co., common
5% conv." preferred (quar.)
Cosden
6- 9
6-15
r
Falls Insurance
6-15
6-10
1
1
6-15
$1.50
$1.25 %
(quar.)_
—
6-15
V:
(quar.)—
Natural
Paso
Field
participating preferred (quar.),.,
; 6(4% preferred (quar.)— _T_
Cooper-Bessemer .Corp., common,
i
$3 prior preferred (quar.)
Range
7- 1
6-30
25c
Co.—
.7%
Copper
9
25c
;—►
(reduced)...
(Del.)
Oil
Continental
6''
50c
(quar.)..
(Chic.)
Continental Assurance Co.
Continental -Can
—...
Glen
7-15
50c
Fanny Farmer Candy Shops (quar.)
6-15
preferred (quar.).....—....
$1.12(4
preferred series C (quar.)...
...
$1
Consumers Power Co., $4(4. pfd. (quar.)—
$1.12Mi
$5 preferred
(quar.)i
—
—.
$1.25
7-
4%
.
5-25
6-
Coal—
Gorton
Watch
Electric Co.
Paso
Falstaff
1
4%%
(quar.)
6-20
7-
4Ma%
6-
25c
Gorham Manufacturing
—
Falconbridge, Nickel Mines
6-12
1
Alden
Glidden
1
6-15
Co
7-10
—
& Manufacturing
Excelsior. Insurance
6-15'
6-
Glen
Harvester
6-15
!—
(quar.)
common
Battery
Storage
National
5%
6-25>
6-23
6-10
5-
6-
7-
Great West Saddlery,
Co.—
Controller
Ex-Cell-O
25c
preferred
Common
•
preferred
Boat
Stock
5-15
50c
'
7- 3
(quar.)
(quar.)
Safety Razor,, $5 preferred
Gillette
Ry.—
(quar.)
(series
preferred
conv.
5-27
25c
$4c
55c
10c
40e
(accum.
__
Consolidated' Gas Elec. Light & Power (Bait.)—
-
conv,
Eversharp
A'."
—
Gleaner
5
20c
Erie
after
Paper (quar.).
6-30
(quar.)—
$5
of New York Inc—
6-
Greene
Certificates
1
6-15
7.-29
5.
Stores,
Corp, (N. Y.)_,
Elec., $3 pfd. (quar.)
&
$5 preferred
7-25
——————
common
Gas
6-28
$1.12 V2
(quar.)—
preferred (quar.)—.
$6 preferred (quar.)
English Electric, $3 non-cum. cl. A (quar.)
Erie & Pittsburgh RR. 7% gtd. (quar.)The above payment is after deduction
of Penn. State tatf (7 (4c per share)
6- 9
12-31
Reinsurance
Water
Georgia Power,
$6 preferred
Great
Engineers Public Service, $5 pfd.
9
6-
9-30
General
General
1
6-10
$1.25
$5.50
6-30
6-30
7-15
"
Corp
common
15c:
$5 preferred A (quar.)
$$1.50
$$1.50
$$1.50
6%
6-
at
40c
$$3
1
6-10
$1.50
Empire Power, $2.25 partic. pfd. (accum.) —
Emporium Capwell, common (quar.)——
4(4% preferred A (quar.)—.
5-15:
1
6-
Railway Signal,
preferred (quar.)
1
6%
6
6-30'
General
6-15
common
(quar.)
50c
Ely & Walker Dry Goods—
7% 1st preferred (initial s-a)
5-19
7-
5-31
1
1
30c
25c
25c
75c
$1.25
25c
25c
$1.50
50c
75c
$1.25
—
Precision Equipment
7-
2
6-
6-29
6-10
Corp.,
preferred
$1.50
Co.,
$4.50 preferred
11-
1
Motors
General
7%
El
6-10
7-
$5
9
5-
El
Consolidated" Filnr Industries—
■
General
5-31
6-
Electric
6-30.
5c
'
;
(quar.)
8-11
6-
7-15
25c
1
....—.—
Biscuit
1
1
Electric
12-
Connecticut Light & Power, common.—. / i
Consolidated'Water Power &
9-
6-10
6-15
6-
7-
6214c
$2
——
Candy Corp. (quar.)
Cigar Co., common
$1.25
—
5%
6-12 *
$1.25
$1.25
,
Consolidated Edison Co.
General
75c
(accum.)——:
preferred
Kodak
5%
(Toronto)—
(quar.)..
Congoleum-Nairn
5-25
6-23
6-30
G8%c
25c
75c
,
preferred (quar.)—
(s-a)
$1.12 M»
Rolling Mill
Electric
1
(s-a)___
Coniarum Mines
8
Baking Co., 8%
7-
Elgin
60c
10c
'
.—
6-
7-
—
9
6-30
343/ac
$20c
$$1.25
$$1.38
1214c
participating preference A (quar.)
General American Transportation Corp.—
Quarterly
—
—
i..—'
General
7-
6-15
12V4c
General
3
6-15
■
(quar.):
General Bronze Corp.
6-
6-30
6-30
—
:
5-31
1
6-
Manufacturing, class B com. (quar.)
5-31
I
6-20.
(quar.)—,.,
Corp.
preferred
$1.25
6-16
6-30
7-
Iron
Container
5-31
8-
1
6-16
(quar.)—.
6-15
6-10
6-
6-30
(quar.)
6-15
7-
1
6-15
30c
30c
20c
2214c
—
6-15
$1.25
(quar.)
preferred
Edison Brothers
7-
$1.06(4
—...
Consolidated
1:6- 2
6-12
!!:
(quar.).....
Co.
Service
holders
to
5-27
$3
6%
1
__—;—.—_
order
order.
Quarterly
Quarterly
Quarterly
•
Co.
6-12
1
1
6-
$3
5
1
6-15
(quar.,)—;
common
preferred
preferred (quar.)_
————
Easy Washing Machine, Ltd—-----
5-15
7-
preferred (quar.).
business
such
Public
Confederation
•
SEC
of
of
close
date
1st
Eastman
5-25
pfd.
to be made 28 days
Payment is-proposed
the
6%.
Eastern
6-12
& Southern Corp.,. $6
Commonwealth
prior
Massachusetts Street
6-12
; 50c
(quar.)
^—
Investment Trust Corp. (quar.)
Commercial Shearing & Stamping (irreg.)—
-*
5-31
5-26
1
$1.06V4
$1
$3c
tlOc
preferred
Commonwealth
8-
40c
(accum.)-—
Malleable
5-26
:
1
.Commercial
Commonwealth
8-15
6-
6-
Corp
1
Extra
5-12
5-29
6-15
6-
preferred (quar.)
6%
Co.,
(Julius),
Gemmer
Associates—
Fuel
&
Gas
Eastern
6-15
—
preferred
common
6-12
—,—
——
—
Eastern
7-
:___
Ltd,.—,.
Credit
Community
6-15
6-1
7-
(irreg.)
com.
(s-a)..i........
Commercial
1
6-20
7-
(quar.)__
preferred (quar.)
Chemicals, (quar.)—
&
preferred
4(4%
v:
75c
$1.50
$5.60
$3
$25c
A
Alcohols', 8%
■
6%,
31YtC
(quar.).—______—.—,
__
Commercial
6-
5
$1.50.
37(4c
Picher
Eastern
1*
1
& Electric—
common...
Commands Oils,
after
1
86-
6-23
(s-a).-—
7-
6-12
Lead, common
preferred
(quar.)——
—
East Mahoney RR.
(s-a.)—.———_—.
Eagle
6%
11-15
6-
Plastics
Durez
8
8-15
1
Coclcshutt Plow Co.
4(4%
6-
6-20
Colgate-Palmolive-Peet Co., $4.25 pfd. (quar.)
Columbian Carbon Co: (quar.)
——
«
5-20
6-16
Corp.,
6-20
6-26
:
(interim)
preferred
6-14
International
Gaylord
60c
—,
Duquesne Light, 5%
1
—
Co.,
12-23
—t—
(irregular)
(increased).
-!
de Nemours & Co.—
(E. I.)
$4.50
6-20
7-
A: (s-a).:
5Va %
Goebel
Corporation
Common
6-26
preferred
Coca-Cola
9-30
,
9-15
6-10
6-15
Power, common (quar.)
preferred (quar.)—_——————•—.
12-23
9-30
6-15
2
6-15
Brewing Co., (quar.)
preferred
5%
1
2V4c
—
Gatineau
1
Globe
Co.——
(quar.)
preferred
Pont
du
5-22
6-13
■
8 %«
6-24
(irreg.),,,,—25c
;——_—75c
common (interim)..
50c
(quar.)
$1.75
(quar.).
Gas
7-
6-20
Duplan
.
Co.
preferred
11-15
1
5Va%
8-15
1
6-10
6
Corp.
Coal
Peabody & Co:,
7%
Coast
20c
\
Chemical
1
7-
1
6 ;
9-14
6-15
8-10
6-14
6-30
6- 5
50c
preferred (quar.)
Molybdenum (quar.)——
Cluett,
912-
$$1.75
75c
Bradstreet,, $6 preferred
&
Common
;
••
6-14
6-14
..
Extra
Clinchfield
Garfinkel
3
6-20
6-
6-15
7-1
6-14
1 Vic
Climax
Clorox
6-
6-15
7-
10-
12V4C
25c
;
Manufacturing
75c
$1
6-
6-15
6-15
7-10
Silver Mines__-—__*.^*_——i-;;
Cleveland Graphite Bronze. Co.—
(interim)
6-10
1
;—25c
Galvln
37(4c
5c
$40c.
(quar.)—
'
Dunlop Rubber Co., Ltd., ordinary (final)—
Dun
5-25
50c
'
Clayton
Common
6-10
$35c
——$10c
$$1.25
(quar.)-.
common
Driver-Harris. Co.—4.——-—
■
6-15
75c
$1.25
——
Equipment Co., common..
preferred (quar.)—
5%
Ltd,
Textile,
Manufacturing
Dresser
6-20.
9- 1
12-1
Co., common———_
(quar.)
25q
(quar.)———
7% preferred (quar.)-—-—————
Draper Corporation (quar.)l—
Dravo Corporation, 6%
preferred (quar.) __
Dominion
6-20
6-24
preferred (quar:)
^
;
$114
5% preferred (quar.).
$1%
Cincinnati Street Ry.!
!
35c
Citizens Utilities (irregular)—-—25c
City Auto Stamping. Co. (quar.)
15c
City Ice & Fuel, common.—
30c
City & Suburban Homes Co. (s-a)
—30c
Chrysler
v
—
.---
$1.25
62(40
—
Stores
Dominion
2
10-14
preferred
$2
25c
l—
Co.
Casting (interim)-—
Manufacturing, Ca.—,——
Mines,)Ltd...——-—w——
Dominion Foundries & Steel
(quar.)..——
8
6-
25c
$22
$1.75
75c
7%
Bridge
Dome
,
Christiana Securities
■
(quar.) ——_T-,
(quar..)—
—:—.
preferred
Co. of Michigan
(Robert)
514%
:.;A
Doehler.Die
1 '
6-
preferred (quar.)—,—_______z—-$1.25
7-1
Chicago Flexible Shaft
$1
6-30
Chicago Mill & Lumber30c , 6-30
Chicago Rivet & Machine Co._
—,
15c >•' 6-15
Chicago Towel Co., common (quar.),,—$1
6-20
$7 preferred (quar.)..:.— ,
$1.75.
6-20
Chickasha Cotton Oil (quar.)_——
25c
7-14
.
50c
(irregular)——
Western RR.—
—l——
Doernbecher
6-15
•G'/o
Quarterly.
...
Cup Co., class A
Dobeekmun
1 "
6-15
75c
50c
—WW
(quar.)——--—
News,
"
12-20.
6-
5%,
;
Dixie
9-20
12-30.
6-10
7- 1
7- 1
: 6-15
7- 1
'Extra
Chestnut
$1.75
$1.75
$1.75
~
1—
50c
Detroit Steel Corp.
35c
Devonian Oil Co.
(quar.)
25c
Dewey & Almy Chemical Co., com. (quar,)..
25c
Class B (quar.);
25c
Diamond Alkali Co. (quar.)..
———
50c
Diamond Match Co., G% partic. pfd, (s-a)—
79c
Diamond T Motor Car (quar.)
:
25c
Diana Stores.Corp., common (quar.)—15c
6% preferred (quar.)—_———.—.——
15c
Distillers Corp.-Seagrams, common (quar..)$55(4c
6-20
25c
Ohio Ry. Co. (quar.)
Chesebrough-Mfg. Co, (Consol.) (quar.)—.
Chesapeake &
.
•;
6-15
6-30
6-30
9-30
,
7%
'
6-24
—.
,
5-31
37V4e
15c
50c
$3.50
20c
75c
$1
-*
(quar.)-— '
Chapman ..Valve Mfg.„ common
75c
75c
—
(resumed)....
"Detroit-Michigan Stove 5% preferred (quar.)
6-10
Gair
& Southern
International
Detroit
6-10
1
Semi-annual:
Brewing
Luxe
Extra
_—
Tunnel
Canada
&
Detroit Hillsdale
6-10
1
7-
7-
37Vic
_______—_
(s-a)—i.————
Weatherstrip
,
Metal
Chamberlin
1
7-
27c
$1.75
100%
37 %c
(stock dividend)————
$1.50 pfd. (s-a)——
preferred
7-
$3
Store Products
;$1.50
Detroit
$3.50
75c
& Wire,
Aircraft
Cessna
Chain
(quar.)..
(irreg.)—
Indiana
com.
Co. of
Extra
9
5-19
—
prior lien
prior lien
7%
7-
Co.—
preferred (accum.)
preferred (accum.)
;6% pfd. (quar.)
Central Vermont Pub. Serv. Corp. (resumed)
Century Ribbon Mills, 7 % preferred—
;6%
Central
7%
1
$2
$2
__________
series
dividend
7%
5
G-
(Peter)
Co.,
Brewing
Preferred
5
6-
37 (4c
$2
(quar.)
preferred (quar.)
preferred (quar.)
preferred (quar.)
7%
J
6-16
1
7-
.
preferred (accum.).;——.——
.y
6%
preferred (accum.)—————
Central Kansas Power, 4%% pfd. (quar.)—
Central Maine Power, 7% preferred (quar.),
$6
6%
Common
Fox
6-
Common
6-16
1
6-15
40c
$1.12Va
Co.—
Service
6-16
7-
De
6-23
Supply Co. of New York—
(quar.).
6-30
Fox
$1
Co.
Bound Brook RR.
Delaware &
5
15c
—.—
2
9
6-15
Deisel-Wemmer-Gilbert
6-
6-
Drive
Auto
Luxe
6-
6-30
——-
De
Fox
1
75c
Dayton Malleable Iron Co.—..
Wheel
Four
1
$25c
.
(quar.)
6-20
6-15
7-
37V4C
37140
50c
12V4c
(quar.)_—,———__
prior preferred
1
6-30
6c
25c
prior preferred
6-
—
6-23
Dentist's
$1.18%
s1;''5
11-15
6-15
6-15
7-10
.
7- 1
6- 9
—
1st
11-25
$1.12Va
75c
Stores..
Fisher
&
&
of Reo.
7-
$1.50
(resumed)—
common
6%
8-15
7-
Corp.,
6%
8-25
4(4%
Frere, class A (quar.)
Davidson Chemical Corp
—
David
Foster-Wheeler
6-30
'
preferred (quar.)
prior preferred (quar.)__
Publishing,
Daniels
1
6-
6-20
share for
one
preferred (initial quar.)—
7% 2nd preferred (quar.)
Central Cold Storage Co. (quar,)——-—-'
4%%
Curtis
•»
•
,
held——
shares
70
.
6-10
Press,
5-27*
10c
10c
RR. (semi-annual)..
Extra
Cuneo
6-20
Holders
Payable
Foreign Light & Power, 6% 1st pfd. (quar.)
Foresight Foundation, non-cum. cl. A (s-a)_
6-10
•
7-20
(irreg.)-.,—:.-r^-ir-,:7;y;;;75c.
Co.-
Corp. of America—
Common (stock dividend)
Celanese
6-30
When
share
Name of Company
6-19
$1.37Mi
5Wo. preferred—-
Sugar,
& Port Clinton
Culver
8
6-
7- 3
6-10
6-30
$2
Inc._.—.—
Hammer,
Cuban-American
-
1
6-15
'
$1.25
& Telegraph Co. (quar.)
Carolina Telephone
6-
7- 1
7- 1
„_|3c
$37 Ac
$1
$1.50
Gold Mines,,
Wirebound Boxes, class.A (accum.)
Malartic
Canadian
Canadian
Cutler
5-31
7- 1
Co.
Tissue
Crystal
6-15
6-30
$$1.75
$62*40
$50c
$$2
—.
(increased quar.),
Canadian Foreign Investment Corp. (quar.)
Canadian General Electric, Ltd. (quar.)—
Products
6-15
Per
of Reo.
6-30
$2
15c
30c
preferred (quar.)
(irreg.)
——
Forster, 8%
Crum &
6-15
2343
Holders
When
Payable
thare
Name of Company
of Reo.
6-30
——
Canadian Pood
wrien
Payable
(quar..
common
Per
HOiaen
Per
snare
Name oj company
Canadian
FINANCIAL CHRONICLE
THE COMMERCIAL &
4287
Number
159
6% pfd.
(quar.) —
3
6-3Q
6-3Q
5-15
75c
7-
1
6-20
$1.50
7-
1
6-
$$3.75
$10c
2
THE COMMERCIAL & FINANCIAL CHRONICLE
2344
*«r
Indiana
&
Michigan Electric
6%
preferred
preferred
(quar.)__,__
class
Industrial
7-
1
5-20
$1.25
30c
6-31
Lord
1
6-15
Lorillard
$1.62%
$3
6-10
6-
I
1
7%
5
Louisiana
9
Louisville
Provision,
$75c
Louisville
(quar.)
$20c
$37 %c
—
7-15
Ludlow
6-15
Lunkenheimer
5-23
1
7-15
65c
,—...
7-
n——
7%
7-10
77-
convertible
—.
7-
6-
8
6-
1*
(quar.),
Structural
Steel
Radiator
Co.
5-25
National
Standard
Co,
5-31
National
Steel
6-15
6-
3
National
Sugar
7-
1
6-20
National
10-
2
9-20
Neisner Bros,
1-2-45
12-20
7-
1
Nelson
6-15
6-15
5-
6-15
6-12
5-27
Newmont
5-27
Newport News Shipbuilding & Dry
$5 preferred
(quar.),„,,,_,__
(1
sh.
of
4lA%
series
A
Razor,
(quar.)
6%
6-15
6-
1
6-15
6-
1
Copper
(I.) Co.,
25c
$1.25
common
—
25c
Common
Mahon
C)
7-15
6-15
Mallpry
10-16
9-15
4V4%
6-15
5-29
(accum)
pfd,
prior
(P. R.), common,,
conv.
preferred—
—
Mangel Stores Corp., $5 preferred (accum.),
$5 preferred (quar.)
—,
(quar.)—$1.50
37yac
(quar.)
$17c
7-
preferred series A (quar.)
1% preference B (quar.)
—
5% preference C (quar.)—————5% preference D (quar.)
———
Jamestown (N. Y.) Tel. Corp., Class A (s-a)
1$1.75
xl%%
x\xA%
xlV*%
7-
5-31
7-
5-31
7-
5-31
7-
5-31
$2.50
7-
$1.50
7-
4
3
6-15
5-31
New York
6-15
6-10
New York
7-
1
6-26
6-10
5-25
7-
6-15
$3
20c
26Ac
$2
$1.25
——
Ordinary registered
Martin (Glenn L.) Co.
8-
11-
25c
——
6%
8-15
11-15
1
6-15
6-
6-
7%
(quar.)
1st preferred
6%
Jarvis
B)
(W
4Vt%
(quar.)
common
Johns-Manville Corp.
—
■,
5-27
9
66-
7-
6*
6-
7-
1
6-
7-
5
1
6%
6-15
Mead
66-
Kayser (Julius) & Co.;
Keith-Albee-Orpheum, 1%
Class
preferred——■**.
,4—i'
Kerr-Addison
Keystone
Land
Gold
Steel
(quar.)———4."
Co.
25c
25c
6-5
6-15
7-
1
6-16
7-
1
6-16
6-30
6-
2
6-30
6-
2
6-10
;
5-25
5-30
5-31
1
6-12
7-
—12%c
7-
1
7-
1
6-12
87V2C
Emil)
Co.,
—
—
common
„
Koppers Co., 6% preferred (quar.)
Kresge Department Stores, common
4% conv. 1st preferred (quar.)
(S. S.)
H)
Co.
&
6-15
6-10
5-31
6-15
6-
7-
6-20
6-12
6-
6-12
5-27
1
'
1
1
6-20
7-
1
7-
1
6-20
$1
7-
6-20
6-12
5-26
40c
,
1
25c
__—....
(quar.)
common
1
$1.50
25c
—
(quar.)——_—
Co.,
7-
25c
,,,,
Inc.,
6-15
20c
„
Rubber Co.
Stores.
6-15
1
10c
25c
preferred D (accum.)
King-Seeley Corp.
Kingston Products Corp.
(J B)
1
20c
5%
(D.
7-
7-
62VaC
—;
6-14
5-25
special
preferred
Kuppenheimer
(B.) & Co.
Lac
Inc.
Chemical,
69-
30c
6-
5
6-
30c
9-
5
9-
50c
50c
6-15
6-
6-30
6-17
I2V2C
6-15
6-
25c
7-
1
6-20
$1.12Va
$1.31 Vt
$1
15c
7-
1
6-20
7-
1
6-20
62V2C
7-
Merchants
& Miners
Merck &
Lake
Shore
Lamson
Co., common
$2.50
Landis
Mines
Messer
Oil
Machine,
Common
1%
preferred
,1. i
preferred
preferred
preferred
Lane-Wells
1%
preferred
Middle
Midland
&
$2.50
Lee
preferred
6-
_
$20e
6-15
5-15
15c
6-15
6-
Co., Inc.
preferred
4%
&
6-
5
9-15
9-
5
12-15
12-
5
6-15
5-24
7-
3
6-10
6-20
(quarj—
25c
8-
$1
$2
—
pfd.
6-
3
1
7-14
7-1
6-14
10-
2
9-14
6-22
6-
3
6-15
5-31
35c
6-14
6-
1
7%
prior
preferred
5
5-27
5-20
Motor
Motor
Wheel
(quar.),
15c
6-10
5-26
$1.75,
7-
1
6-15
6-13
6-
1
Match
Little
1
7-26
1
10-26
—
87%c
6-12
6-12
pfd. A (quar.),
special stock
6-12
5-13
5-26
(quar.)
$1.12V2
6-15
6-
7-
6-15
1
3
6-21
6-
8-
7-15
1
5
50c
6-10
5-25
(quar.)
50c
9-
9
8-25
Special
(quar.),
50c
12-
9
11-25
6-10
5-25
stock
original
stock
,
$1.10
$3.30
original
stock
$1.10
9-
9
8-25
$3.30
original
stock
$1.10
12-
9
11-25
Little Schuylkill Navigation RR. & Coal (s-a)
Lock Joint Pipe, common (monthly)
8%
8%
preferred
preferred
Loft Candy
Corp.
(quar.)
:
(increased)
75c
7-15
6-
$1
6-30
6-20
$2
(quar.)
Ohio
Muskogee Co.,
5-13
Special stock
$3.30
Water
Murray
7-
1
6-21
$2
10-
1
9-20
7-15
6-30
15c
(quar.)
Works,
Mfg.
Chemical Co.
8%
of
9
Biscuit
6-
2
9-12
9-
2
7-15
7-
5
6-30
6-20
6-10
5-26
6-10
5-25
6-10
6-
1
7-
1
1
$1.25
$1.50
1
6-
8
6-
9
5-13
5-13
6-
$1.75
35c
6-15
5-31
6-30
6-15
6-30
6-15
(quar.),
:
—
25c
1
1
7-
1
6-15
5-29
6-10
6-10
5-26
6-29
20c
6-12
5-15
25c
6-15
5-15
6-10
6-
Building
Co.,
Mills
Co.
(quar.)
(quar.),,
——
$2
6-15
6-
7-
6-17
6-15
1
6-
1
1
$$1
$$1.75
common
Telephone,
;
(quar.)—,,,
(accum.)
Container
Corp.
f<r.-*Honpi
PvUndpi*
National
Dairy Products
National Discount,
Gas
(irreg.)
common
5%, preferred (quar.)
4
30c
6-15
6-
6-30
6-12
50c
6-15
1
6-
1
2
6-15
6-15
$5 preferred (quar.)
Pennsylvania Railroad
$1.25
Pennsylvania
Salt
Mfg.
Perfect
Circle
Perron
Gold
Pet
Milk
preferred
4'/4%
Peter
—
Paul,
Petroleum
Ltd.
Inc.
Petroleum
6-21
7-
1
6-
3
9
6-30
5-31
25c
1
6-10
$1.06V4
7-
5-25
6-10
6-
15c
6-10
6-
1
20c
—:
6-10
6-10
25c
(quar.)
common
1
50c
(quar.)
6-12
6-
5
6-
6
5-23
6- 9
5-24
1
&
(Charles)
&
Co.
35c
(quar.)
Phelps-Dodge
Corp
$6 preferred (quar.)
$5 preferred
(quar.)
Philadelphia Electric Co., common
40c
—
$1.50
&
1
6-
3
6-30
6-
3
50c
7-
1
6-10
6-
5
5-20
50c
10-21
9-30
50c
10-21
9-30
6-12
5-27
$5c
6-30
5-31
10c
(quar.)
6-
6-30
25c
pfd.
1
20c
Germantown
6-
7-
3Cc
(quar.)
common
1
$1.50
preference
7-
$1 25
Philadelphia Co.,
$1
5-29
7-15
7-
Trading Corp.—
$1.25 partic. class A (accum.)
Pfizer
6-15
$2c
(quar.)
Exploration Co.,
Extra
6-
50c
—
(quar.)
(quar.)
common
6-15
6-28
$1
;
7-
$2
—
(irreg.)
Co
Mines,
Co.,
6-10
$1
;
(irregular)
Peoples Gas Light & Coke—
6-15
6-
1
Norristown
(quar.)
Philadelphia Transportation Co.—
15c
9-
1
8-10
12-
1
11-10
7-15
6-
9
7-
6-
7
Philco
Corporation
7
Pickle
Crow
$1 participating preferred (s-a)
for partic. preferred (s-a)
V.t.c.
7- 3
6-
7-15
6-30
25c
6-15
6-5
6-15
6-
8-
1
Pittsburgh
Forgings
8-
1
7-15
Pittsburgh
#r-
6-10
5-15
Pittsburgh Plate Glass
Gold
Mines
1
Ltd.—
,
Exploration Co
Pittsburgh Bessemer & Lake Erie—
Pilgrim
Common
(s-a)
Lake
75c
Co.
Erie
Pittsburgh Thrift Corp.
5-31
5
2-5-45
2-15-45
6-15
RR.
5-31
8-
11-
7-
Philadelphia,
6-10
12-15
8-15
11-15
$1.50
Philadelphia Electric Power, 8%
6-10
1-1-45
6-15
5-20
50c
9-15
7-
6-30
$1.25
6-15
7-
12-21
5-19
1
1
7-
5
n
1
7-
10-
25c
7-15
p~
6-
$1.75
12-28
6-10
5-31
5-25;
$1.25
$1.50
25c
6-15
6-10
Pennsylvania Power & Light, $7 pfd. (quar.)
$6 preferred (quar )
37'/2c
pop,
.1
5-31
6-10
50c
(nuar.)
1
6-15
75c
——
6-15
7-15
7-
6-12
7-
25c
(quar.)
»
6-10
1
7-
7-
25c
(quar.)
(quar.)
6-27
7-15
70c
75c
City Lines, common
(quar.)
6-10
$1.25
25c
A
1
6-15
35c
preferred
9-21
3
6-
1
6-27
preferred (quar.),,
(quar.)
Pennsylvania Glass Sand Corp., com. (quar.)
5% preferred (quar.)
$2.80
$44c
(quar.)
6-15
7-
Co.—
6-28
3
5-25
1
6-14
50c
$50c
(quar.)
5
6-15
35c
(quar.)—,,
9-28
6-
6-
7-
35c
(quar.)—,.—
preferred
5
50c
—
Switch
5
5-
50c
(quar.)
(quar.)
Electric
5-
1
75c
(quar.)
A
1
1
$1.50
—
preferred (accum.)
class
6-
7-
50c
50c
$1
40c
common,
5-24"
9-15
1
7-
$$1.25
$1.50
50c
6-20
50c
Manufacturing Co., Ltd.,
preferred—
5-24
7-
—50c
(quar.)—
5-25
10-15
$50c
$15c
$$1.25
15c
—
5
6-20
6-
Company
Indemnity
7%
<
k.
1
6-16
35c
5-31
3
:
Pennsylvania Edison, $5
6-15
1
6-15
5-31
6-15
.
6-
(quar.)—
common
$1.20 preferred class A (quar.)
Penney (J. C.) Co
Pennsylvania-Dixie Cement Corp.—
6-16
7-
1
6-15
7-15
Penn
6-15
7-
7-
$2
18%c
43%c
$25c
9 '
7-15
$1.40
5-25
7-
6-10
6-30
—
$1.40 class A
1
6-
1
6-10
—
$1.40 class A
1
6-
7-
6-13
Common
5-26
7-
5-26
8-15
Common
6-15
6-14
1
7-1
Peninsular
6-20
7-
5
7-
6-15
Peabndy Coal Co., 6%
& Ford, Ltd.
6-20
7-
6-15
6-
$25c
Penick
3
'
6-10
6-30
6-15
8-15
15c
30c
preferred (quar.)
Co., common
i
Register '(quar.)
National Casualty Co., (Detroit)
National
5-15
6-12
6-20
15c
6-15
common,,.
$1.50
Breweries, common
preferred (quar.)
preferred
5-22
$$1.75
50c
1%
5-15
6-15
6-29
(quar.)
convertible
Class
6-15
America—
National Cash
$3
6-13
'
6-15
6-10
—
6-10
(quar.)
5-25
1
1
5-25
1
7-
Paton
6-15
25c
50c
I2V2C
t$1.20
87V2C
$5
$$1
t$1.75
$31 'Ac
1
6-
Tubes, Ltd. (quar.)
—^—_
Companies, common (quar.)—,
Special
„■
4%. preferred (quar.)—
Paramount Pictures (quar.),.
6-15
25c
$2
6-
—
1
7
$1.75
—
preferred
National
1
7-
6-30
$1.50
87V2C
Page-Hersey
6-13
7-
6-3
7-25
6-20
—.—
1
8-
6-26
6-30
Paraffine
1
6-29
25c
35c
$1.50
$1.75
$1.50
Gas,
(quar.)
Pacific
6-13
7-
9-11
75c
common,,,,,
Pacific
6-25
6-
1
30c
preferred
National
1%
1
7-
$1.25
30c
(irregular)—,
Narragansett Racing Association (irreg.)
National Automotive Fibres, Inc.—
6% convertible preferred (quar.)
8%
50c
7-
6-15
5-31
;
preferred (quar.)
6% preferred (quar.),,
Mutual System Inc., 6% preferred (quar.),,
National
5-22
5-16
Co
common
6-15
5-16
(quar.)
6%
6-28
50c
Co.
6-20
6-15
Corp
Brass
1
7-
6-15
;
$5 pfd.
Corp.,
5-20
6-15
;
—
Mountain Fuel Supply (Utah)
(irreg.).
Producers Corp. (s-a)
6%
37V2c
I7V2C
$1.62%
(quar.)
(quar.),.
Mountain
5-13
$$2
(accum.)
Co
Miami RR.,
Mueller
Mutual
25c
Liquid Carbonic Corp., 4Vi%
Mortgage
& Co
(J. P.)
Muncie
811-
(Wash,, D. C.)—
(quar.)
Morgan
5-20
6-10
3
5-25
—
6-15
6-10
1
6-
25c
(quar.),
Ottawa Light Heat & Power, com.
5%
preferred (quar.),,,.
Paahua Sugar Plantations,,,—
6-15
7-
8-
6-10
50c
Ottawa Electric Railway
6-15
—40c
&
Finance
5-26
Lindsav Light & Chemical, 7% pfd. (quar.),
Link Belt Co., 6V2 fc preferred
(quar.)„"
Lion
Loan
77-
7
6-10
7V2C
Manufacturing Co
Orpheum
Orpheum
6-15
$1.50
Cottons, Ltd., common
(quar.)
6-10
37V2C
(s-a)
preferred
6-15
6% participating preferred (quar.)
Lindsay (C. W.) & Co., Ltd.—
6%%
7%
Montreal
6-
30c
preferred
Montreal
10c
(quar.)—
pfd. (s-a)—
Chemical, $4.50 pfd. (A) (quar.)
25c
30c
Service Corp.
Common
(quar.)
Monroe
50c
,
Lincoln
Birmingham RR., 4%
Mock, Judson Voehringer Co.
Mohawk Carpet Mills,.
—
Molybdenum Corp. of America,,
:
Monarch Life Insurance Co. (Winnipeg) (s-a)
—
Lincoln National Life Insurance (Ft. Wayne)—
Quarterly
Quarterly
r
Montgomery County Trust (N. Y.)
50c
,
(quar.)
Corp.
(initial)
Mobile
5-20
6-
8-
Otis
6-15
20c
6-15
5
1
7-
5c
6-15
&
1
7-
3 >
6-10
—25c
Natural
'
6-10
1
20c
(irregular)—,
—$1.50
Elevator, common
——20c
6% preferred (quar.),,.
$1.50
Ottawa Car & Aircraft, Ltd., common—
$20c
1
7-
6-
7-
1
—
Steel Products,
preferred (quar.)
7%
Ontario
1
66-
7-
25c
25c
15c
—_——
common
6-
77-
1
7-1
7-
—;
Corp.,
6-20
7-25
(quar.)
Ltd
preferred
5-20
1
15c
Ontario
1
4c
Minneapolis Brewing Co. (irreg.)
Minneapolis-Honeywell Regulator Co.—
New
6-
37V2C
1
50c
•'»
Liggett & Myers Tobacco, 7%
Common
8%
1
7-
$1.62V2
preferred (quar.)
(s-a)—
Omnibus
7-
$$1.50
—
Oneida, Ltd., common——
7%, participating preferred (quar.)
;
5-17
1
5c
,
-
1
——,
of Tenn.
(quar.)
Refineries, Inc.
Midwest Oil Co., common (s-a)_,
8%
preferred (s-a)
i
Miller & Hart, $1 prior pfd. (irregular)
$1 prior preferred (irregular)
Miller Manufacturing, class A (initial quar.)
7-
6-
Leonard Refineries (irregular)—
Leslie Salt Co. (quar.)
Libbey-Owens-Ford Glass Co
preferred
Company
7-
25c
—
non-cumulative
Minneapolis Mining & Mfg
Mississippi Power Co., $6 preferred (quar.)
$7 preferred (quar.)
Mississippi River Power, 6% pfd. (quar.)—
Missouri Public Service (irregular)
$1
Life & Casualty Insurance
6-15
$2
10c
Products,,
Cup
4
——
Corp
(quar.)
62V2C
—
„
Wilkes-Barre
Lily-Tulip
5
25c
,
(quar.)
Electric
Fink
8-
11-
$1.75
preferred (quar.)
&
8-15
$17V2C
(quar.)
4%
Leland
6-21
11-15
$1.75
.
Lehigh
1
25c
i.
,
Lehigh Coal & Navigation
Lehigh Portland Cement, common
Lehn
7-
3
$1.75
Company, common
preferred (quar.)
(H. D.)
(s-a),
Midland Oil, $2 conv. preferred (accum.)
Steel Products, common,
*
Midland
8%
6-30
7-
60c
20c
$3
25c
50c
$2
50c
—
West
6-10
Lang (John A.) & Sons (quar.)
Leath
(s-a),
(quar.)
Corp. (irregular)
Grocery, 6% preferred
1
6-16
6-10
5c
$2.40 preferred
6-26
——,
.
—
common
Extra
6-15
!
(quar.)—
(quar.)—
1940)
(quar.)—.
(quar.),
Mickelberry's Food Products,
50c
—
Co
(series
junior preferred
50c
——62V2C
(quar.)
—
——
6%
1
6-
1
6-20
$6c
—
common
Service, class A
Oklahoma Gas & Electric, 7% pfd.
6-20
$1.75
$1.50
$1.75
$1.50
$1.50
$1.50
$1.50
$1.75
10c
:
$7 prior preferred (quar.)
Michigan Associated Telep, 6% pfd. (quar.)
Michigan Public Service, 6% pfd. (quar.)
$6
6-
6-10
6-30
50c
(s-a)„
Ohio Water
6-1
$I.O0
,,
(quar.)
prior preferred (quar.)
Mid-West
(quar.)
preferred
7%
,
6-13
5-22
16c
(irreg.)—
Extra
Oklahoma
6-10
$1
25c
50c
(quar.)
Gas
5-12
7-
Mills, common (quar.)
Ohio Finance, 5% prior preferred (quar.)—
6% preferred (quar.),,—,
Ohio Oil
5
6-
the
to
Norwich Pharmacal Co.,
9
2
6-15
6-15
75c
Power,
Corp.
6-
71%c
Norwalk Tire & Rubber, '1%
Spring
6-16
6
6-15
—
Ogilvie Flour
6-10
$1.25
(quar.)—
Subject
(quar.)
Sugar Co.,
5-19
7-
common
preferred (quar.),,
Oahu
25c
.—
$5 preferred
Elec.
&
held.
Insurance
Nu-Enamel
35c
$1.75
$7 preferred
Midvale
—
•'
Corp., common
(quar.)—__—
Meteor Motor Car
7-18
25c
7%
;
—
Metropolitan Edison,
6-17
(quar.)
7%
(irregular),
Metal & Thermit
1
(quar.)
common
Corp.
Machine Co
Mesta
—
(quar.)
(quar.)
(quar.)
5j/4%
preferred (quar.)
Mergenthaler Linotype
——
Sessions, commcn
preferred (quar.)„
(quar.)
preferred
—,—
&
Transportation
Gas
Natural Gas——
No-Sag
Refrigeration
7-
5
6-14
5
6-14
(s-a)
6-30
5
•-'8- 1
(initial)—
5-19
5-31
6-16
6-14
—
Northland Greyhound Lines, $6.50 pfd. iquar.)
Northwest Publications, 7% 1st pfd. (quar.)
6% 2nd preferred (quar.)
—
6-15
9-
$1.75
15c
9
1
6-30
6-27
'
5
$1.50
dividend)
Ontario
6%
3
6-
$1.50
(quar.)
7-
6-
$1.50
(quar.)
Northern
5-31
25c
—
6%
6-17
7-15
7-15
5-27
$2.50
30c
(quar.)
Liberties
1
6-15
7-15
$$1
Northern
1
25c
5-25
Kroger Grocery & Baking, 6% 1st pfd. (quar.) ;
7% 2nd preferred (quar.)———
'
6-
5%
$6
75c
(accum.)—
(accum.),__
Northern
6-19
6-10
8-
10c
50c
$1.50
the SEC
preferred
5-19
5-29
10c
B__
(quar.),,—
shs.
100
of
6-10
50c
(stock
Pacific
each
North River
6-30
class
^
North American Life Insurance, common
North Pennsylvania RR. (quar.)
11-30
5%
.
of
9
75c
(interim)
A
Co.
preferred
5aA%
Mercantile
Acceptance Corp. of California—
preferred (quar.)
preferred (quar.)
6%
preferred (quar.),.
6%
preferred (quar.)
Mercantile Stores, common (irregular),,
preferred
approval
5-15
6-
6-12
$1.50
j.
6
3
for
6%
8-31
7-
4V2V0
6-15
6-29
preferred C
(S
$1.25
25c
$1.46
37 Vic
6-15
6-
6-
15c
common
Telephone Co., 5% pfd. (quar.)—,
Merchants
6-14
1
7-
6-15
preferred B
Kress
5
30c
7%
Kresge
12-
37%c
com.
6%
Kobacker
12-15
(increased quar.)
Wire
preferred (quar.)
County Lighting Co.—
Kleinert
5
25c
$5c
Extra
Klein
9-
(interim)———
Mines
&
Kimberly-Clark Corp.,
Kings
9-15
37 Vac
—.
_
County
6%
■
A
B
Special
3
$1.50
;
;
class
Wheel,
Kennecott Copper
Kern
6-
& Light—
$6 preferred B (quar.)-—
.i—-——,
Kaufmann Department Stores, 5% pfd
Kelsey-Hayes
9-15
1
6-30
$1
Distillers, 6% partic. preferred
Mengel Co., 5% conv. 1st preferred (s-a)
6-15
6-30
6
62V2C
J30c
$1.25
Corporation,
Meadville
5-31
6-10
5
6-
(Md.)
1;
preferred A
sh.
1
6-15
$1.75
Railway Co. (quar.)
Car Corp., common (quar.)
American
7-
6-15
6-
Electric Lt. & Pwr. Co.—
Western
1st
One
5-15
6-
$2Vac
Mines
Robbins, $4 preferred (quar.),,
$6
.5-20
6-20
25c
20c
-
$6 1st
1
6-10
i
...
Ltd.
American
North
5-31
6-10
75c
Gold
2
6-20
43%c
43%c
Melchers
.
10-
Lake
6-15
$1.75
preferred (quar.)
McCrory Stores Corp. (quar.).
Publishing (irregular).
Red
6-15
10c
common
McClatchy Newspaper, 1%
1%
preferred
(quar.)
&
6-
6-15
6-30
25c
May Department Stores
McKenzie
6-12
6-30
North
&
1
7-
$1.25
,:"
*
Mines,
7-
6-30
1
6-16
$1
Omnibus—^,,,
preferred
Noranda
5-31
1
37V2C
A___„
Niles-Bement-Pond Co.
5-22
35c
25c
.
Alkali
McKesson
6-
6-15
(quar.)
McGraw-Hill
6-
6-10
—
Co.
Works,
7% preferred (quar.)
7-18
„
Kansas City Power
Mathieson
6
6-
preferred
Inc.
Electric
6
6c
6%
Corp., common (quar.)
—.——
Massachusetts Investors Second Fund (quar.)
Master
6-
City
.
Dock—
Co.—
& Queens
6-
7-
$1.50
RR
Niagara Share Corp.
5
$1.50
$1.50
$1.50
;
& Co.,
Masonite
8
6-
6-10
~
—
6-
1
Field
5%
(final),—,
Auction
5-12
6-10
13c
Corp.
Central
5
6-
6-15
$1.25
;
Common
Norfolk
preferred 2nd series (quar.)
Maryland Fund,
6-15
6-10
30c
Jones & Laughlin Steel Corp., com. (quar.)
50c
5% Preferred, class A (quar.)
—
$1.25
5% Preferred, class B (quar.)
$1.25
Joseph & Feiss Co.—i.
—
50c
Joslyn Mfg. & Supply, common
75c
6%
preferred (quar.)
$1.50
Joy Manufacturing Co. (quar.):—20c
Kalamazoo Allegan & Grand Rapids RR. (s-a)
$2.95
Kalamazoo Vegetable Parchment Co. (quar.)
15c
Quarterly
—
15c
Quarterly —*
15c
Special
6%
•
50c
20c.
—
_——
(quar.).
Lamson Machine
Jones &
Marshall
6-15
6-20
8-
$1.06(4
(quar.)
preferred
5-31
6-26
30c
25c
Co.
Jewel Tea Co.,
5-31
York
New York
5
6-15
"NCw
5-29
$1.50
Tel.
(s-a),_
Mining
$1.50
(quar.)—
Co.
RR.,
&
Jersey Power & Light, $6 preferred,,,,
New Jersey Zinc Co.___
,,1
$1.50
15c
preferred
(quar.)
(quar.)
(R
Central
Maine
6%
Tel.
Water
1
•
6-15
60c
,
New
____
preferred
England
6-15
5-31
20c
Newark
5-15
3
6-10
2
25c
Mur Co., $2 partic. cl. A (accum.)
Telephone Co. (Ohio)
Newberry (J. J.), common (quar.)____
New England Fire Insurance Co.
(quar.),
5-31
7-
6
6-15
6-
$2.25
Corp. (resumed)
Nestle-Le
5
6-12
Magma
3
(Herman)
1
6-9
Magnin
6-10
(quar.)
1
35c
(increased)
1
7-
6-14
25c
Co.
Co
7-
50c
75c
1
6-24
—-
15c
(quar.)
(quar.)
Refining
Transit
6-
2
50c
Corp.
8-
dividend
9
com.
National
1
New
6-
Ltd.,
6-20
Products
New Haven
1
preferred
6-30
Oils
1
7-
$6
7-31
25c
National
9
9
Jaeger Machine Co. „
Jamaica Public Service,
5-
8-15
6-
6-
(quar.)
common
7-21
$1.25
6-
Ltd.
1
Coal,
1
6-15
1
5Vo
Co.,
7-
Creek
6-16
8-
6-15
6-13
8-10
6-30
$1.75
6-15
6-
6-24
$1.50
6-15
Mines,
preferred
$5
11-10
6-15
1
I2V2C
Lead Co.,
common
(quar.),,
preferred class B (quar.)
preferred A (quar.)
National Oats Co., 5% preferred (s-a)__.
Marconi International Marine Communication
Island
«
8
7-
7%
7-
6-15*
1
6-
!
7-22
10-20
8'io
J5c
1
1
7-
of Reo.
1
8-
50c
'
common
$1
50c
1
9-
6-16
—
7-15
12-
11-20
pfd. for each 10 shs. of com. held)
6-10
National
11-20
7-
Folding Box Co.,
Hoiaert
10-30
2c
2c
I'$1.25
Stock
5-31
3
preferred
Magazine Repeating
175c
175c
30c
-30c
50c
(quar.).
(quar.)
preferred
preferred
Iron Fireman Mfg.
(quar.)
Quarterly
convertible
6%
1
Ltd.—
Foundation,
6%
Macy
6-30
6V2%
Co.,
(s-a)—
(quar.),
_<
Trucks, Inc
(R. H.) Co., common.,——
Mack
7-10
7-
50c
$1.75
25c
25c
75c
Co.—
6-10
1
8-
$$1.75
preferred (quar.),
Interstate Department Stores (quar.)—-—Interstate Hosiery Mills (quar.)
—*—
Investment Corp. of Philadelphia (quar.)—
(accum.)
3
8-
$$1.50
$$1-50
$40c
preference A (quar.)————
preference (quar.)—
International Nickel Co. of Canada—
International Power Co., Ltd.—
conv.
Exploration (quar.)___,,
8% partic. pfd. (s-a)—
Welding Machine
;
Payable
thare
pfd.,,
Macassa
_
J30c
conv.
Salt
MacKinnon
6-19
National
12-
preferred (quar.)
:
6V2% preferred (quar.),
—$1.62V2
Lynchburg & Abingdon Telegraph Co. (s-a),
$3
M. J. & M. M. Consolidated (s-a)—
V»c
5-31
7-
Mfg.
8-21
$1.75
10c
4c
10c
$1.50
$1.62V2
$1.62V2
6V2V0
6-21
6-12
37/zc
30c
(quar.)—
6-15
6-10
$1.50
&
Mortgage Co.
& Sales
7-15
9-
Electric
.Quarterly
25c
—
Title
(interim)
Silver,
Land
8-21
12-
(interim)
common
preferred (quar.)—
6-15
7-
Harvester—
preferred
& Co.,
Name of Company
9-
$2
When
Per
of Rec.
25c
6-
(increased quar.)
International Metal Industries, Ltd.—
International
(P.)
Monday, June 5, 1944
Holdert
National
(quar.)
6-
Common
International
Taylor
6-30
com.
Machinery
Common class A
&
Payable
$1.25
25c
$1.25
Participating
6-26.
participating preferred (quar.)
Cigar
7-
6-12
25c
Business Machines Corp. (quar.,
International Cellucotton Products
(quar.)-
Investment
2
6-10
lnt'1
7%
6-
:—-—~
Ltd
International Bronze Powders,
6%
1
6-30
Baking,
International
7-
Company
Longhorn Portland Cement—
5% preferred (quar.)
Participating
5% preferred (quar.)
—
2
20c
preferred (quar.)
(accum.)
5%
Acceptance,
International
6-
—
Industrial Silica, 6%% preferred (quar.)—
Ingersoll-Rand Co., 6% preferred (s-a)——
Inspiration Consolidated Copper.:
■
6%
1
(quar.),-.—
A
Industrial Brownhoist, 60c pfd.
Inter-City
7-
$1.50
$1.75
$1.25
*
———
Indianapolis Water, 5% pfd. A
Common
Name of
0) Rec.
—
(guar.)
7 %
Payable
When
thare
Holdert
When
thare
Name of Company
Per
Placer
25c
RR
(quar.)
Development
Planters
Nut
Pond Creek
$2.50
"
(quar.)
& Chocolate (quar.)
Pocahontas Co. (quar.)
:
75c
15c
$25c
10-
1
1
9-15
6-24
6-10
6-15
5-19
1
6-10
6-20
6-10
6-16
5-22
7-
$2.50
7-
1
6-15
50c
7-
1
6-
9
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4287
159
Class
37%c
Company *
Powdrell & Alexander,
6-
8
5-15
10c
6-15
5-15
6-15
6-
7-15
6-20
J75c
7-15
6-20
„
-
—
—
Inc
6% pfd. (quar.)—
(quar.)_,
Preferred Accident Insurance (quar.)
Premier Gold Mining Co., Ltd,
Power Corp. of Canada,
non-cumul. partlc. preferred
Preston
5-15
f$1.50
__
8
15c
(quar.)
Potter
6%
East
6-
6-16
20c
6%
Price Brothers & Co.,
stock
stock
Cashable
Public Nat'l
Public
8%
preferred
5%
(quar.)
6-15
5-31
Extra
1
6-20
7-
1
6-15
Southwestern Life Insurance
7-.1
6-15
Spalding
6-15
6-15
5-15
6-15
Springfield Fire
6-15
5-15
6-
1
6-15
$2
5-15
7-
$1.25
6-30
5-29
$1.75
6-30
5-29
50c
6-23
Products
6-23
6-12
6-20
$1.75
7-
6-15
6-
5
Standard
Oil
of
50C
6-15
1
5-26
Standard
Oil
Co.
9
Standard
Oil
(Indiana)
Co.
6-
9
Standard
Oil
(N.
7-
1
6-20
20c
6-15
5-31*
6-24
68-
1
25C
6-15
5-31
6-15
6-
1
1
25c
Inc.
6-10
6-
37V2c
——_
6-12
25c
_________.
Special
$1.12%
45c
$1
$1.12
(quar.)
•
preferred B
v
$5
1
6-15
1
8-
1
Sun Oil Co.
12-
1
11-
2
Sunray Oil Corp._:
preferred
6-15
5-31
Sunshine
6-15
5-19
Superior
7-
6-10
Sutherland
1
6-10
7-15
7-15
Swift & Co. (quar.)_:
Sylvania Electric Products—____
Sylvanite Gold Mines (quar.)_—
15c
8-
7-15
Syracuse Transit
"7%
*7%
1st and 2nd preferred
Richardson
Richman
Company-
Brothers
Co.
5%
Robertson
(H
H)
Rohr
Aircraft
Roos
Brothers,
Ruberoid
Class
Mfg.
St.
St.
Croix
Class
B
25c
6-15
6-
(quar.)—,
t30c
6-30
6-15
t$1.75
6-30
6-15
50c
6-15
5-31
————;
;
——.——.
8%
.7%%
class A
Co.,
%
Scranton
Lace
Seaboard
Oil
1
6-20
1
6-20
1
6-20
$1.37%
7-
pfd.
common
—
(quar.)
——.
common..—.___
(quar.)—1
Corp.-.;—___________
G.)
(Frank
Co.
Lead
Mines
—
of
Co.
2
6-14
5-19
25c
6-15
6-
75c
6-10
5-10
7-
6-10
7-
1
5
6-10
1
Steel
&
—
_
1
6-15
United
7-
1
6-15
United-Carr
10c
6-15
6-15
5-25
22c
6-15
5-25
6-25
United
5-25
6-10
7-
1
United
——
Coal
Standard
Improvement,
&
(irregular)
common
United
6-
1
2
Weyenberg
6-21
5-22
5-20
5-30
6%
7%
;
preferred
6-10
3
6-28
7-28
5%
preferred
United
1
7%
1
6-15
6-
$1.25
6-15
6-5
$3.50
____
(s-a)_
7-
5
6-30
8-
1
8-
1
$1.25
;
6-
1
-7%
1
6-
1
7-
1
6-15
7-
1
6-15
7-
1
6-19
25c
6-10
5-20
8-31
5
5%
25c
6-12
6-
2
6-12
6-
2
25c
6-14
6-
3
20c
_____________
7-
1
6-15
7-
1
6-15
87 %c
6-24
6-10
50c
(s-a)
6-30
6-16
6-15
5-15
7-
6-
$20c
Ltd.
37 %C
1
6-15
Co., 7%
(quar.)
7-
1
6-17
1
6-17
7-
6-10
$1.12%
6-15
5-31
$1.50
6-15
$1.75
6-15
8c
Power—
(quar.)
6% pfd. (quar,)
(quar.)
7-
; 125c
5%
preferred
183/40
(quar.)
<
1
6-
5
6%
6-20
Wiser
8-
1
7-15
8-
1
7-15
8-
1
7-15
.
$1.50
Quarterly
Wisconsin
Electric
Power
11-
1
10-16
11-
1
10-16
Co.—
!
25c
Woodward
7%
& Lothrop,
preferred
Woolworth
Machinery Corp.—
conv. prior preferred
(quar.)
prior preferred (quar.)
4V2%
A
B
Wright-Hargreaves
6-15
Yale
6-
Yellow
6-15
6-15
6-10
6-30
6-
1
5-25
5-31
5-19
10c
6-30
6-30
A
Young
Spring
&
Wire
6-15
7- 1
7- 1
7- 1
50c
SI1/*
6-13
7- 1
6-
6-17
5-
$2.50
7-10
6-20
6-15
6-15
5-22
20c
50c
$1.75
6-15
7- 1
7- 1
40c
40c
40c
6-20
5-31*
9-20
8-31*
12-20
11-29*
6-15
6-15
1
7-
1
5-25
7-
1
6-
9
6-10
6-
5
6-15
6-
1
6-15
8- 1
50c
.___
6-15
G-20
7-
6-10
$1.37%
1
25c
—
Co-operative
Mercantile
6-
1
6-
9
6-
A
75C
Zeigler Coal & Coke
6-15
25c
Youngstown. Steel Door__
6-15
53c
50c
6-15
25c
quar.)
(Initial
6-15
6-
5
Institution—
Quarterly
6-12
1
(Consol.)—
Youngstown Sheet & Tube Co., com. (quar.)
5V2%
preferred (quar.)
;__
Zion's
7-
(accum.)
(L A)
Extra
6-15
16V4c
___:
Co._
Co.
5
1
$1.12%
______
Mines
Mfg.
Checker Cab
5
6-
7-
15c
_______:
6-
6-15
$1.75
6-15
$1.12%
(quar.)
Class
5- 4
7
$1.50
(quar)
preferred
Towne
6-16
6-
3%
25c
preferred
6%
&
6-16
$1
7%
&
6-28
6-28
&
Pump
_____
4V2%
6-10
6-10
50C
& Co., Ltd. 6% pfd. (s-a)
(F. W.)
Worthington
1
7-1
$1.75
(quar.)
common
(quar.)____
7-
25c
6-15
6-19
7-15
7-31
$1.50
preferred (quar.)____
(quar.)—____
Oil
6-20
1
7-31
8-15
$1.50
quarterly-
1
6-
1
11-15
Corp.—
$1.50
Hosiery,
75C
Quarterly
•Transfer
Jamaica
books
not
income
closed
tPayable
in U. S. funds,
tPayable
in
resident.
tax,
Canadian
15%:
9-
5
12-15
12-
5
tax
for
less
funds,
resident
9-15
75c
—
30%
i,
1
5-15
12-30,
t$2.50
____
Crampton
6-
6-30
t$2.50
(initial)---
5-31
5-31
1
$1
5
6-
6-
6-17
5-31
1
$1
6-
6-
1
6-10
7-
20c
5
5
6-10
6-17
7-
$1.75
preferred (quar.)_
Quarterly
6-
2
1
$1
preferred
Winstead
8-10
11-10
6-
6"
$1.75
(quar.)_:
(quar.)
&
5
5-29
6-10
25c
Electric,
1
50C
(s-a)
convertible preferred
75c
5-24
6-17
8-11
6-15
7-
25c
common
Michigan
preferred
Winters
5-29
5-31
8-15
1
25c
Co
(Wm.)
Winnipeg
5-25
6-14
6-
8-15
J $ 1.75
common
(quar.)_
Mfg.
Paper,
2
6-20
1
7-
Instrument
preferred
Wilsil,
6-15
6
$1.50
Wisconsin Power & Light,
6-
1
5-25
$1.75
(s-a)__
(s-a)
Corp.
Ltd.
Products
4 V2%
5-19
7- 1
7- 1
6-15
50c
Brake
Shoe
Motor
Willson
5
6-15
5-31
$1.50
Wisconsin
6-
6-
7
25c
common
5-25
6-15
7-20
6-
$1.50
(quar.)
5-25
6-
7-20
6-20
$20
(liquidating)
Wisconsin Investment Co
6-
9
5
67 %C
.
(s-a)__
A
preferred (quar.)
Whitman
1
$1.50
$1.37Va
(quar.)
Manufacturers
&
6-15
50c
(quar.)
Electric
Whitaker
9
12V2%
—1—
(quar.)
tax.
this
15%
tax
dividend.
Canadian non-residents'
deductible
7%.
a
Less
at
the
British
tax.
source.
income
Non¬
tax.
6-15
Ltd.—
Molasses,
Ordinary
—
(monthly)
Merchants
White
1
5-31
58y3C
preferred (monthly)___
preferred (monthly)
5-
6-30
(accum.)___
Snowdrift'Co.,
(George)
xLess
6.36%
6-28
.Weston
5-31
5-24
50c
Illuminating Co.
6-12
t30c
Weston
United Light & Railways—
5c
7-
' ~
5-15
6-15
50c
Westinghouse Air
1
$4c
common
6-15
75c
Co.
preferred
1-
6-10
25c
(resumed).
(irreg.) _
United Gold Equities of Canada Ltd.—
Gas
$1.50
25c
30c
35c
(quar.)_
Corp
Electric
United
50c
5-15
50c
Western Light & Telephone, $1.75 pfd.
Western Tablet & Stationery, common
6-
6-
5-12
5-12
50c
6-15
6-
6-15
25c
Co.
Indies Sugar
6-15
6-
1
West Virginia Water Service—
6-12
6-15
6-15
7- 1
6-15
6-15
6-10
6- 5
7- 1
7- 1
6-10
6-26
6- 7
6-10
6-10
8-15
11-15
6-15
6-15
6-15
6-10
6-15
7- 1
7- 1
6-30
6-30
6-15
7- 1
6-24
7- 1
6-15
6-26
7- 1
7- 1
7- 1
7- 1
6-10
6-15
1
6-12
Virginia Coal & Coke (irreg.)
West Virginia Pulp & Paper Co.
$6
25c
$1.25
$1.12y2
10c
35c
50c
50c
6-
6-15
Grape Juice
&
6-17
1
406
Extra
9
6-
6-20
25c
West
9
7-
5-10
7-
7-
$1.12%
Wellington Fire Insurance
6-15
7-15
6-10
Co., common7% preferred (quar.)
6-15
6-15
6-15
6-20
common
Plate
Motor
Oil
9
7-10
10-10
425,(5
preferred
$7
Pump
Welch
9-
7-20
(interim).
.'6-1
6-10
1
6-21
10c
Elastic
registered
40c
6-15
5-20
6-14
5-25
United New Jersey
$1.50
(quar.)
Manufacturing
Wayne
6
West
50c
$1.75
—-
Fastener
$1.50
—.'—
1—;
1
9-20
10-20
t$l
Knitting Mills,
preferred (s-a)
6%
6-17
6-
6-10
50c
:
preferred (initial)
RR., guaranteed
Wesson
7-15
6-20
(quar.)
River
6-15
6-
7-15
120C
Washington Water Power, $6 pfd. (quar.)__
,
11-15
6-
1
(quar.)__
Washington Tin
8-15
6-30
—
Baking,
Wayne
6-20
9
8-
Gooderman & Worts—
(quar.)
Mills
Waukesha
5-
1
6-
(quar.)
Ware Shoals Mfg.,
5-27
6-
5
6-
6-22
$1.75
t$l
;
preferred (quar.)
6-15
30c
Corp., common__—__
Products, common (quar.)—
Aircraft
7-
t$1.75
Co..
Ward
4-27
10c
$1.37y2
(quar.)
Corp., common
Air Lines Inc
62c
(Hiram)
preferred
Wamsutta
6-20
7-
__.
United
(Quebec)-
Ltd.
Mines,
Simonds Saw
Singer
7-20*
6-
Canada—
preferred (quar.)
Sigma
1
1
t3c
Co—
Gordon
Sherwin-Williams
7%
8-
7-
^
$1.50
Inc.
C
*
lc
Manufacturing
Sherritt
7-20*
System
4%%
6-15
12-15
1
6-
6-15
(quar.)
(quar.)___:
Walgreen Co., common
'9-15
6-
6-15
50c
Ltd.
Class
United
1
8-
Mines,
I
$1.75
Class
5-31
5-29*
$1.25
(quar.)_
$5 convertible preferred
Shattuck
Amulet
Common
6
5
25c
(quar.)
6-12
6-15
6-12
25c
(quar.)_
preferred
5-25
5-31
45c
10c
Corp.,
preferred
Rayon
$1.25
Extra
A
Walker
6-
6-
$1.50
6-30
6-30
6-20
$1.50
6-15
7-15
7-15
5-31
6-17
62%c
Common
6-20
6-
6-30
25c
common
Waldorf
(quar.)-,
I
6-15
flOc
(quar.)
Detinning,
5-31
<quar.)t<_—.—u——_—
United Aircraft
._
preferred
Vulcan
5-15
Waite
5-31
6-10
37 %c
(quar.)
Security Engineering Co,, common—_
7% preferred
(quar.)
Seeman Brothers, Inc. (quar.)—
Seiberling Rubber Co.—
$2% conv. prior preference (quar.)
5% class A preferred (quar.)
Steel
—_———
1
12-
37 %c
5-15
6-15
6-15
10c
—
—
6%
5-15
6-15
5-31
50C
(quar.)—
class B
(quar.)__—;
9-
9
;
6-12
*
1
9
50c
(interim)..
6-15
6-15
6-12,
50c
6-
9-
12-
.___
1
6-10
^
$1.75
preferred (quar.)
!
Wabasso Cotton, Ltd. (quar.)i_u_
Wagner Electric Corp. (quar.)
75c
(quar.)„—
preferred
Serrick Corp.,
preferred
(interim)
Roller
Bearing.—
5%%
5-31
6-15
$1,12%
(quar.),
(Del.)
& Co.
(quar.)
common
conv.
Tubize
6-24
6-15
$1
—
6-
5-25
6-10
$1.75
7%
10c
—
5-31
1
6-10
6-20
$1.75
preferred (quar.)
7%
Inc.
Ltd.
6-
50c
25c
7%
43 3/4 c
—
1
25c
Works
5-15
25c
7% preferred
______
$1.75
Twentieth Century Fox Film, com.
(irreg.)
50c
$1.50 convertible preferred (quar.)—.___
37y2c
$4.50 prior preferred (quar.)
$1.12y2
Twin City Rapid Transit, 7% pfd. (accum.)
$1.75
Twin Disc Clutch Co. (quar.)__
—75c
208 South Lt Salle St. (quar.)
50c
Unexcelled Manufacturing Co.
(quar.)—
12y2c
Union Eag & Paper Corp
—15c
Union Carbide & Carbon Corp
75c
Union Investment Co., common
10c
7.6% preferred (quar.)—
95c
Union Pacific RR.
(quar.)——
—
$1.50
Union
Sugar Co.
______
30c
Union Wire Rope (quar.25c
12'/2c
____
_•
Co.
7-
$1.37V2
(quar.)
———
common
Acceptance,
Securities
Sherman
6-20
7-
—
Sears Roebuck
Sheller
1
7-
,.
7-
(quar.)—
$4.50 preferred (quar.)—.
Scranton Electric, $6 preferred
Class
6-15
$1.75
(quar.)—
(quar.)
(quar.)—:
Lock
Sharon
6-
6-30
$1.87 y2
$4 preferred
6%
6-15
37y2C
$1.62 v2
(quar.)——
.—
(quar.)————
(quar.)—.—
common
Paper Co.,
Scott
1
25c
(quar .)
_____
5-15
t7V2c
$$1.75
Todd Shipyards Corp.—k—
$1
Tonopah Mining Co. of Nevada (irregular).
3c
Toronto Elevators, Ltd., 5V4% pfd. (quar.)_
$66c
Transue & Williams Steel Forging—
50c
Travelers Insurance Co. (quar.)—
$4
Trinity Universal Insurance (quar)
25c
Quarterly
:
25c
Trion Co.,
common
(quar.)__—
20c
5% preferred (initial)
$0.61111
Troy & Greenbush RR. Association (s-a)__
$1.75
Truax-Traer
Coal, common—
—
20c
1
B
preferred
Schlage
6-
common
Inc.
7%' preferred
5-26
6-15
$2
Schenley Distillers Corp., 5%%
5%
6-10
25C
12-23
6-15
7- 1
7- 1
6-15
6-15
—
Tip-Top Tailors Ltd., common
6-23
50c
—
Products,
Roofing,
Timken
6-15
1
1-2-45
$1.25
Brothers Co., class
B (s-a)__—___.
(quar;)
convertible
$1.40
6-15
1
7-
D
debenture
Schiff
—
(quar.)
debenture
6%%
(s-a)
——_w,
debenture :C
7%
preferred
6-26
7-
$3
—
debenture A
Co
preferred
7%
Shovel,
Time,
5
$1
10c
(s-a) ~ —-—
Lighting Co.——
6%
Tilo
1
6-15
Electric & Power Co.—
Savannah
Manufacturing
preferred (quar.)
Tidewater Associated Oil, $4.50 pfd.
6-
62 %c
5%
Common—————
6-10
9-21
Warren
—-
Thompson
1
10- 2
Ware
(quar.)—
5-31
6-10
Remedial Loan Assn.
Francisco
San
preferred
6%
6-12
15c
62%c
Equipment, common (initial)-$1 conv. preferred (quar.)
Viking Pump Co
__:
Virginian Railway, common
(quar.)
6-10
50c
Land—
&
1
6-26
(quar.)
———
Thew
Co.,
Oil
7-
7-
common
Service,
Water
6-10
50c
Co.——
Public
Thatcher
6-10
6-21
6-15
25c
6-
6-20
5
1
5-29
_
5-27
$5
5
7-
62%c
:
Victor
5-25
6-30
7-1
6-15
7- 1
7-1
City)
1
2
6-10
6-20
;
6-20
25c
(extra):
Lead
Joseph
Louis
Texon
5
(quar.)
6-10
50c
—___
...—_—___
Paper Co.,
5
Texas
6-17
1
Sulphur
__—■_—
6-
6-
6-12
:___
25C
——
Ryan Consolidated Petroleum
St.
Extra
6- 5
6-
1
7-
Gulf
Texas
6-17
6-15
7-
.,,
common——*—
Co.,
Safety Car Heating &
1
6- 1
6-14
6-
6-10
1—
25c
_
(quar.)l_
,7%' preferred
Russell
6-15
3
6-15
6-15
6-15
6-30
9-30
12-30
7- 1
7- 1
—
preferred (accum.)
Tennessee Corporation
1st
5c
common
Russell Industries, Ltd.,
7-
6-15
7%
37 %C
——
Manufacturing
6-
$1.25
———
(Helena),
A
6-12
1
10c
———
7-15
Telephone Bond & Share—
5-25
710-
25c
(quar.)
(quar.)—
Inc.
Tecumseh
9-15
25c
1
(quar.)—„—
(quar.),
Corp.
Co.
Rubinstein
Ruud
Co.
Pendleton
Roeser &
Products
6-15
1
6-15
50c
Raisin, Paper—.
River
(quar.)
50c
———
.
common
25c
—--—
Stoker Corp.
Co., Inc., common
convertible preferred
Riley
Ritter
12-21
$1.75
—
■,
12-30
(James)
6-
Company
Veeder-Root
Ventures,
5-27
5%%
6-15
62%c
(quar.)
preferred (quar.)
preferred (quar.)
7%
7-15
6-
Talcott
$1.75
.__
A
25c
6-15
Iron
Norman
5-31
6-156-28
6-20
9-20
Preferred
—
_.
———
class
5
6-15
1
6-15
Vapor Car Heating,
6-10
6-30
9-30
I; '
——
(quar.)—
Riegal Paper
-
Van Dorn
6-15*
10c
12 %c
12y2C
(quar.)
(quar.)
Co.
Manufacturing
Rheem
;
(irregular)
preferred, (quar.)
i2y2c
Tobacco Co.—
1st and 2nd preferred (quar.)
common
—
5
6-
7-
$1
5-27
35c
25c
5%
Reynolds (R. J.)
——
6-
6-15
$15
$1
Van
10c
6-10
(irregular)
1
68%c
t20c
t62y2c
7-
'Common
6-
(quar.)—.—
$1.50
6-15
3»
75c
5-20
participating preferred (quar.)
Tamblyn (G.), Ltd., common (quar.)_
preferred (quar.)—
Reymer & Brothers, common (irregular)—
v
Common (irregular)
:
convertible
Corp.,
Common (irregular)
Tacony-Palmyra Bridge,
prior preferred A (quar.)—.—
common
5
6
7-15
9- 1
12- 1
6-30
87777-
6-10
conv.
—
8-
6-10
6%'
Co
Paper
8-
7-
6%
Mining (quar.)
—
Steel Corp.—————__—
7-
7-
Corp.,
—^
15c
25c
Steel
————
—
15c
'
6-
6-15
6-15
7- 1
$1.25
$1.25
25c
10c
10c
30c
30c
40c
25c
t3c
50c
50c
" 20c
$1.25
(accum.)—
$1.12 y2
$1.50
Republic
pfd.
(quar.)——
(quar.)
5*
30c
Co. (Salt Lake
prior preferred (quar.)
5% prior preferred (quar.)
5% prior preferred (quar.)
Utilities Equities Corp.—
$5.50 priority stock (accum.)
7-12
10-
Insur.
80c
$1.25
$1.25
$1.25
J25c
$75e
(quar.)—
Strawbridge & Clothier, 5%
79-
6-
(irreg.)
5%
$1
Fuller_-_
&
5-25*
6-19
common
25c
preferred
conv.
Stix Baer
1
30c
—
Co.
6- 5
50c
$1.25
$1.06V*
j.
30c
——-—.
6%
6-22
t$i.62y2
(quar.)_—
com.
(quar.)
Phosphate & Acid Wks.—
Wholesale
40c
Remington Rand Inc., common (interim) —
$4% preferred
(quar.)————
Republic Investors Fund, 6% pfd. A (quar.
Ohio,
5% preferred (quar.)__
4'/4% convertible preferred
5-18
6-
—
(s-a)__
common
of
40c
preferred (quar.) •
Regent Knitting Mills, $1.60 preferred (quar.
$1.60 preferred
(quar.)
—
Reliance Grain, 6%%
preferred (accum.).
Reliance Insurance Co. (Philadelphia, Pa.)_
(quar.)—_
(quar.)_—
8
Co.
7-
6-10
(quar.)
25c
25c
50c
—
(quar.)
(Ky.)
J.)
87 y2 c
7%
A
6-
7-13
6-10
7-1
6-12
8- 1
8- 1
6-10
6-20
50c
Stecher-Traung Lithograph, 5% pfd. (quar.)
5%' preferred (quar.)
5% preferred (quar.)
Stedman Brothers, Ltd. (quar.)——,—__
1
50c
preferred (quar.) ——————
Reed Prentice Corp., common ——
Fire
Hotel
7%
.—
Irregular
1
6-
50c
2nd
preferred
6-
6-10
50c
(quar.)
1st preferred
Reading Co., 4%
6-10
Oil
Standard
5-26
25c
Ray-O-Vac Company *(quar.)
Standard
1
8-31
75c
Rapid Electrotype
Packing Co.—
Raybestos-Manhattan,
75c
———_.
Home
Utah
10-16
6-15
6-10
6-15
Extra
$1.50
(quar.)—
Rath
'6%
6-
1
10c
Quaker Oats Co., common
6% preferred (quar.)—
Quaker State Oil Refining
6%
1
7-
7-15
43 3/4 C
(quar.)
Y.)
75c
7-
$1.50
Pyrene Manufacturing CoJ—
Utah
6-16
8-15
California—
$1.25
5-12
$1.25
Products
5-29
9-15
6-20
7-14
—
$1.75
—
Universal
5-15
—
Purolator
2
6-15
—
6-12
50c
.
5-29
50c
$1.25
$1.06 V*Staley (A. E.) Mfg., common
—50c
$5 preferred
(quar.)——$1.25
Standard Accident Insurance Co.
(quar.)__
62!/2c
Standard Brands, $4.50 preferred (quar.)—
$1.12 y2
Common
(quar.)
25c
Standard-Coosa-Thatcher
(quar.)
50c
6-20*
1
$1.25
6-10
common
(N.
Cooler, $1 class A
Universal Laboratories, $2.50 pfd.
Co.—
& Marine Insurance
Quarterly
Squibb (E. R.) & Sons, common
$5 preferred A (quar.)—
$4.25 preferred B (quar.)____—
5-15
6-15 '
5-26
$1.00
40c
6-
6-21
6-21
6-30
$1
,—__
(quar.)
(Dallas)
7-15
1
9
40c
Co.,
6-13
1st preferred
& Bros.,
6-
Universal
$1.25
10c
35c
Spiegel, Inc., $4.50 conv. preferred (quar.)—
Spencer Kellogg & Sons
Spring Valley Co., Ltd. (liquidating)
7-
6-30
Tobacco
5-31
$1.25
$1.25
$1.75
(quar.)
non-voting
G.)
States
50c
25c
10c
non-cum.
(A.
5-26
$2
non-cumulative preferred
Utica Knitting,
50c
Original preferred (quar.)—_—
7%
first preferred (quar.)
——
Pullman, Inc.
:—
Pure Oil Co., 5% preferred (quar.)„—
6% preferred
(quar.)—
7%
$1
—
—__
50c
(quar.)
7% preferred (quar.)—.—
Publication Corp. common voting (quar.) —
United
United States Trust Co.
-—»
______
7-
25c
___.—
5-20
7-20
6-20
—
preferred (quar.)
5% non-cum. preferred (quar.)
Southland Royalty Co. (quar.)
5%
9
10c
8-15
Railway Co.—
41%c
Public Service Electric & Gas, $5 pfd.
Common
Phosphate
Southern
50c
——-
(q'uar.)——
preferred
6-15
5-31
Oklahoma—
of
Co.
Service
1
6-15
6-15
of Rf,
6-
preferred A (quar.)
25c
(quar.)_
58 %c
(monthly)
—
6%
(monthly)——.
'.'f5%
(monthly)—,—
Public Service Corp. of N. J., common
6%
preferred (monthly)—.
6% preferred (monthly) — -i——
$5 preferred
(quar.)—.
7 %
preferred (quar.)
6.4%
Hoiien
50c
United States Steel Corp., common
U. S. Sugar Corp., $5 preferred (quar.)
6-15
7-15
6-15
Gas_—____
Co.
8%
t20c
common
37 %c
(quar.).
Y.)
preferred
preferred
preferred
Public
Pacific
Colorado—
of
Co.
Service
7%
Natural
Southern
(N.
Trust
&
Southern
Southern
7-
3c
—-—
(s-a)
Bank
5-31
5-25
10c
;—
—
(Phila.)—
(s-a)——
Investing
Original
Colorado
Co., common
non-cum.
preferred
t$1.50
(quar.)__
(quar.)__
Power, 7% pfd. (accum.)
Power,
1
7-
$1.25
37%c
(quar.)
series B
Canada
6-15
t$1.37%
(quar.)__,
8-15
1
*
6-15
When
Payable
Rubber
S.
Common
participating preferred
10c
Prudential Investors
Public
preferred
6%
Southern
Ltd.—
5%% preferred (quar.)
Procter & Gamble, 5% preferred
8-15
9-
U.
California Edison—
Southern
6-15
6-15
6-15
12yac
—
Per
mare
Name of Company
of Reo.
37y2c
Extra
Southern
Hoiaert
7- 1
7-1
7-1
9-1
—
preferred (quar.)
Southeastern Greyhound Lines (quar.)
2
7-15
7-15
50c
$1
$2
8%
1
tic
When
Payable
(interim)
com.
Special
t5c
(quar.)
Mines
Gold
Dome
South Porto Rico Sugar Co.,
6-
(resumed)
B
Hame of Company
of Recw
Payable
25c
Poor & Co., class A
Per
ehare
H oldert
When
Per
Share
Name of Company
i
2345
6-14
5-25
United
RR.
(final) __—
& Canal
Co.
(quar.)
4
Condition Statement of Member Banks
'
Extra
Skilsaw,
Inc.
Smith
O.)
Alsop
Sonotone
4.6%
$6
6%
preferred B
6-10
6-20
6-10
50c
6-10
6-
1
6-10
6-
1
—.—:
10c
6-15
5-25
6-23
pfd.
class A (accum.)_
7-
$1.50
pfd.
(quar.)
preferred
7-.1
.
•
,
•
$1.50
7-
1
U.'
S.
S.
Graphite
Pipe
Common
Common
&
(accum.)
Co.
Foundry,
(quar.)
(quar.)
6-15
U.
S.
6-20
TJ.
S.
Potash.
S.
Printing
6-15
Corp.—
(accum.)
preferred
U.
62'/2C"
•<
Co.—
(quar.)_.
Utilities
(irregular)
U. S. Gypsum Co., common (quar.)
7% preferred (quar.)
U.
6-15
1
7-1
$1
(accum.)
Public
$2.75
5-25
—
Power
1st preferred
6-
6-20
40p
Corp.—
Carolina
6-15
common——
South Carolina Elec. & Gas, 5%
South
__
5c
Co._
Paper Co.,
Sorg
common
-Corporation
Paint & Varnish
Aircraft
Solar
Iron,
preferred
(A.
Smith
&
15c
30c
Steel
$3
1
25c
(quar.)
Sloss-Sheffield
$1.20
::
—
Playing Card
ferred
6%
(quar.)
&
common
(quar.)
.
_____
5%
The condition statement of weekly
reporting member
in 101 leading
following principal changes for the
week ended May 24: An increase of $607,000,000 in de¬
mand deposits adjusted, and decreases of $584,000,000 in
United States Government deposits and $142,000,000 in
deposits credited to domestic banks.
Commercial, industrial, and agricultural loans de¬
clined in nearly all districts; the princinal decreases
were $47,000,000
in New York City and $10,000,000 in
banks
cities
6-15
50c
7- 1
6-15
$1.50
(quar.)—.
preferred
Lithograph Co.,
5-22
6-15
6-15
62V2c
7- 1
6-15
pre¬
of
the
shows
Federal
the
Reserve
System
C.
the
Chicago District, and the total .decrease at all re-
sporting member banks
and
dealers
for
Government
York
obligations
Foreign Exchange Rales
$84,000,000. Loans to brokers
was
purchasing
or
of the Tariff Act of 1930, the Federal Reserve Bank is now cer¬
the requirements of Section 522
Pursuant to
carrying United States
in the different countries of the
tifying daily to the Secretary of the Treasury the buying rate for cable transfers
world.
We give below a record for. the week just passed:
$52,000,000 in New
increased
Monday, June 5, 1944
& FINANCIAL CHRONICLE
THE COMMERCIAL
2346
City and at all reporting member banks.
V
Holdings of Treasury certificates of indebtedness de¬
•'''
/
'V'
'
CERTIFIED
RATES
EXCHANGE
FOREIGN
'
MAY
■*
'
.
FEDERAL
BY
TO JUNE
26
BANK
RESERVE
TO
OF
ACT
TARIFF
UNDER
TREASURY
1930
1944, INCLUSIVE
1,
■
clined $44,000,000 in New York
all
reporting member banks, and increased
in
the
Cleveland
declined
May 26
.060586*
Free—.
Official—
—
:
Union of South
—-
:
to
for
dealers
79
+
47
+
»
84
7
+■'
2
8
+ 2,003
16
+
Obligations guaranteed by U. S. Government
633
1
2,867
9,056
559
2,033
16
:
Banks—
—
———
Balances with domestic banks
.—
2,904
Cash
Time deposits
Net
Material
1940
$895,026
$946,808
$806,364
121,916
169,237
$773,110
$746,993
1,208;
1,462
64
567'
+
12
+
17
$703,283
$777,571
5,119
4,917
$748,454
$774,319
92,623
86,010
26
$708,403
92,861
92,090
taxes-
$688,308
$690,397
$615,541
505,000
511,500
516,339
524,393
7%
pfd.
i
+ 607
+
4,784
27
+
1,114
—584
Foreign banks-
!
8,063
—
$164,058
105,724
106,794
——_
Borrowings
Debits
to
demand
U.
Gov't
S.
$88,032,871 $85,844,696
+
——--
Total
Direct
Traffic
for
$61,084
1,235,591
$27,896
1,371,858
suiplus
(net)___.
77
+
154
11,412
Statement of Condition of the 12 Federal
Reserve Banks Combined
Unmatured
rents
Accrued
on
Decrease
60,000
Redemption fund—F. R. notes—
355,674
4,303
+
Other cash-
265,076
9,328
—
19.361,875
reserves
236,627
Discounts and advances——
Industrial loans
11,791
—
—
65,025
10,066
+
103
—
304,118
78,012
—1,245,586
215,449
+
1,208
—
and
$18,215,435
expense———"
619,662
248,176
8,465,668
+ 183,020
+
6,025,733
3,147,490
———
Bonds
+
54,000
+ 2,048,290
1,188,764
Certificates
+
25,000
+
248,564
288,481
—
1,448,767
—
561
302
receivable
—+.
—.
__
—
Liabilities—
first
stock—
$4,917,400
Due from foreign
———
Bank premises—___
34,801
—
Other assets
68,233
+
43
—
4,027
2,918
—
companies——
83,000
118,500
——a
■__
6,734
38,579
38.988
a——
27,495
29,891
1,701,477
1,767,284
____________
subsidiary
payable
Accrued
interest
taxes
—
_a
1—1.———_
Reserves
reserved
Capital
for
___—
160,000
1,515,107
1
—V.
307,484
1,553,508
accts—
Foreign
Other
392,739
Grcss
from
Net
from
ry.
—V.
railway
Total deposits—
15,299,306
Other
1,253,884
from
Malleable
Haute
Terre
43,536
26,081
after
income
charges
&
+
585,926
Total
railway
operating
revenues—
168,310
Total
lailway
operating
expenses—
-Earns.
1943
1944
$30,464
taxes
21,504
10,140
liabs,, incl. accrd. divs.
1,965
$19,775
35,095,126
Income
6,958,542
+
157,271
Surplus (Section 7)
+
tax
1943
accruals
96
+-
9,895
188,097
+
,
.
1942
1941
$15,533,048 $14,952,285 $10,987,346
10,114,353
8,987,543
6,935,066
2,591,568
2,661,436
1,360,926
26,965
+
136
Other
75,007
+
accts.35,542,466
+
$2,327,126
income
rents
Total
•
railway
other
846,869
$2,691,354:,
625,914
income
■
deductions
$4,150,175
672,447
785,663
$4,190,773
income—
$3,480,847
709,928
operating
income
Miscellaneous
$3,303,306
653,720
$4,822,622
$4,102,931
423.9'5
404,748
417,031
$3,786,027
$4,405,590
$3,317,268
27,686
Surplus (Section 13b)
capital'accounts
Total liabilities & cap.
Ratio of total
res.
to
145,366
—
+
9,502
6,986,757
to deposit &
F. R. note liabilities combined
Commitments
U77
make
Income
Total
Net
—
.5%
—
19.5%
available for fixed
fixed
applied
reserve
2,625,428
r
to sinking
funds
&
2,670,440
$3,679,016
2,648,820
$1,160,599
charges
charges
income..
Income
57.2 %
$1,735,150
$1,030,195
233,580
229,200
228,025
$927,019
$1,505,950
$802,170
other
indus¬
trial loans
3,956
—
1,703
—
8,920
issue
was
for
The
3%%
New
and
Co.
and
a
York,
and
refunding
159.
p.
company
mortgage
to issue not exceeding
series A, to be
like amount of
bonds,
in exchange for
a
2015.
Pacific Terminal
RR.
of
New
Offered—A group headed by The
awarded
Income balance
through
associates,
for
competitive
bidding
May
Three other bids were received viz:
coupon."
101.871
31 at
Bank
White, Weld & Co.-Glore, Forgan &
for 3'/is; and Halsey, Stuart & Co., Inc.,:
3V2s;
100.52
associates, 101.52 for 3%s.
Dated
June
1974.
Guaranteed by endorsement
principal, interest and sinking fund by
A. Thompson, as trustee of Missouri'
Pacific RR., and not individually.
Coupon bonds in the denomination
of $1,000 registerable as to principal.
Redeemable either as.a whole,
or in part at any time upon 30 days*
notice if such redemption be on
an interest, payment date or 60 days' published notice if such redemp-r;
tion be oiWa date other than an interest payment date, at the foil'
ahd
&
1,
1944;
severally
Pacific
Ry.
due June 1,
as
to
and
lowing redemption prices:
Guy
to
including June 1,
and
thereafter to and including June 1,
1949,
at 1057/a%; l
1954, at 104%% ; thereafter to and
including June 1, 1959, at 1031/2%; thereafter to and including June 1,
thereafter'to and including June 1, 1969, at 101'/a%;'
1964, at 102%%;
Railway operating
Total
Capital AccountsCapital paid in
Statement, Years Ended Dec. 31
Calendar Years—
2,964
+ 144,093
first
Pacific-Missouri
Texas
Texas
Terminal Railroad Association of St. Louis—Earnings
Net
authorized the
19
May
bends.—V.
prior-lien
jointly
156, p. 1158.
Net
Total liabilities
of
delivered to the Southern Pacific Co.
133,497
Manufacturing Co.
&
—
2,044,650
on.
$16,178,0G0
100.879
301,364
+
Authorized—
ICC
of
+
+
3,200,295
gener.
81,277
+
5,548.424
5,297,213
253,189
190,537
—
442
10,676,007
9,652,162
917,425
483,182
income
989,050
18,605
26,485,001
23,151,226
5,874,392
1,211,831
276,252
136,707
1,748,122
railway_
railway..—
oper.
+
49,353
43,453,454
20,260,541
1,462,876
415,699
222,085
32,219
+4,908,963
+
44,619,652
income—
1941
45,428
—
17,342,418
railway—-—
railway.j.____
oper.
$213,123
211,609
—
2,273,125
1
1942
income—
oper.
Railway
Deferred availability items
income"—
$4,544,581
1,471,994
889,678
$367,988
112,891
61,671
+
+
6,059,400
1,483,908
$6,990,833
2,978,159
1,482,303
1943
4,574
8,000
4,653,157
railway
1941
1942
1943
$381,280
105,193
48,240
87,606
railway
159, p. 1902.
—V.
—Earnings—
1944
-
railway— $10,926,188 $11,277,196
1944
Ry.—Earnings—
Central
April—•
+
+
170,582
$392,424
159, p. 2125,
Tennessee
Consolidated
U. S. Treasurer—gen.
232,285
1902.
First
Boston Corp. on June 1 offered $6,040,000 3%% mort¬
gage bonds, Series A, due 1974, at 101.95 and accrued
interest, to yield approximately 3.27% to maturity. As¬
sociated with The First Boston Corp. in the underwriting:
are: Kidder, Peabody & Co.; Shields & Co.; R. W. Pressprich & Co.; Harris, Hall & Co. (Inc.); Lee Higginson
Corp.; Merrill Lynch, Pierce, Fenner & Beane; Auchincloss, Parker & Redpath, and Walker, Austin & Wag-
+6,986,757
13,045,575
The
1,371,858
$19,226,161 $19,317,128
liabilities-^.——
145,366
18,531,796
398,525
256,186
.760,798
Orleans—Bonds
Total
Deposits:
Member bank—reserve acct—
361,544
212,352
$405,335
128,172
89,536
45,890
566,762
531,828
——
————j.
Liabilities—
Federal Reserve notes
$577,077
Bonds
3,906
160,000
contingencies-
general
surplus
surplus
Net
+
35,129
$754,608
;
1941
$118,511
'
0
railway
from
9,357,000
-
—
Quarter Ended March 31—
35,542,466
Gross
9,259,000
ry.
—
63,213
oper.
ry.
from
55,893
30,202
p.
from
Net
—
——
ry.
Net
1
14,389
21,791
72,933
V '
From Jan. 1—
Net
—
+
income—
railway
from
Net
82,771
Surplus
82,047
from
450,000
136
1,513,898
—
Gross
452,771
to
1942
$171,881
121,067
Texas & New Orleans RR.
82,771
Due
1943
$221,736
April—
450,000
debt
1944
111,510
:
operT income—
159,
452,771
Gross
8,574
Total assets
ry.
stock
Net
Uncollected items—
from
Net
—V.
stock—;
+8,034,106
—
17,830,673
$217,330
from
common
+8,248,347
64,416
76,263
13.677,204
$83,032,371 $85,844,696"
railway
oper,
common
+271,983
F. R. notes of other banks
ry.
B
+262,020
•—
70,217
39,646
'
from
A
14,499,107
banks
v
14,325,669
.
From Jan. 1—
$4,917,400
From Jan. 1—
-
88,429
;,v1
preferred
14,250,689
(incl. guar, sec.)
34.332
2,009.054
,
________j
railway-
from
Gross
Net
Net
$19,226,161 $19,317,128
Total' assets-.—~—
Net
Total U. S. Govt, securities
Total loans and securities
46,588
1,884,444
accrued
liabilities—
Texas Mexican Ry.- —Earnings—
4,981
working funds
U, S. Govt, securities:
Bills
104.167
2355.
p.
April—
228,573
Earned
Total
19.053
807,185
104,167
-
157,
Net
1942
$18,308,713
__
discount
debt
Accrued
$
—1,471,692
18,741,125
437,716
804,057
—
liability.—
Total
Gross
———5,036
Accounts
June 2, '43
due from U. 5. Treasury—.
—
(Company Only)
1943
.__
deposit and
Funded
$
hand and
accrued
liabilities
Class
(—) Since
certificates
tax
current
Class
or
1.602,232
32,904
18,913,445
$1,170,128
Assets—
Participating preferred—-
(In thousands of dollars)
Assets-
$531,828
Comparative Balance Sheet, Dec. 31
7%
Gold
$1,141,360
28,7'68
573,399
Due from subsidiary companies^-—92,797
Cash in banks
'
—
245,655
(+)
45,875,000
wages
.
-interest
1,143,241
$1,371,858 / $1,235,591
867,925
31
Dec.
Unamortized
Increase
and
payable—
payable
Miscellaneous
accounts
payable—.
Interest matured unpaid—
Net
Surplus,
Accounts
,
accounts
__
balances
Dr$l,881
$57,030
1,170,128
$1,227,158
8,433
$1,296,675
75,183
$1,399,753
,
Investments
May 24, '44
__i__—
car-service
$3,293,600
45,698,000
441,434
:
debt
and
$3,293,600
2,360,490
stock
Long-term
282
items
Special
May 31, '44
:v,• •'
Liabilities—
—V.
surplus.
surplus
•_
135
accounts,
——i
during week———:
+
accounts except
deposit
and
interbank
886
200
665
—
5
—
4,436.378
92,748
235
3,272,244
4,406,800
____.
$91,148
122,935
535
2,181,289
,
debits
Unadjusted
1.046
283
assets
Unadjusted credits
divs
—2,805
—142
7.588
848,019
79,526
_______
428
—
Balance
+
1,168,574
>8,763
.
.
assets
Deferred
10,000
$166,808
divs
pfd.
$3
current
Other
$150,831
income—_
1,449,498
878,379
supplies
dividends. receivabile—
Unmatured
$655,831
10,000
of
receivable——
accounts
and
Audited
$782,487
reserve
Balance
930~966
receivable
Other
■
contingent
to
848,572
3,030,000
583,650
103.W
deductions—
Approp.
*926,927
investments———.
:___
from agents & conductors
receiv.
and
Capital
;
company-
Rents
$72,951,928 $73,888,865
441,910
1,135,830
_________
cash
balance
Interest
Years
—
j
deposits
Miscellaneous
"200,633
earnings
Interest
207
—
Interbank deposits:
—1
.529640*
„a
Temporary
*\
Domestic banks
.529640*
____i._j.-__
Special
$947,626
adjusts.___
income
Previous
35,969
6,685
5,520
deposits-adjusted
U. S. Government deposits
.658300*
.529640*
.
.658300*
Comparative Consolidated General Balance Sheet, Dec. 31
1943
,1942
1941
1942
—1,185
LiabilitiesDemand
3.980000
.
.658300*"
Deferred
income
Net
+ 2,399
Cash in vault-.
3.980000
■
-
Assets
•
—3,030
52
27
Reserve with Federal Reserve
3.244203
Investments
applic.
Oper. exps. and
10
18,138
Other securities
by
Total
80
—
16
—-
—
.909090.903.750
.903750
3.980000
-^29640*
91
+
———-
—
_
'
3.244203
<
.529640*
—
—
int. and divs.
of
reed,
2,433
8,886
7,094
—_—
U. S. bonds
.909090
•:
3.244203
.658300*
undistributed,
Amt.
86
3
1,072
39
1,333
—-.
subs,
misc.
Other
310
indebtedness
Treasury notes..——
.909090
.903541
.658300*
—
to securities owned by
Tel. Bond & Share Co.
Portion
287
—
!
of
Earns,
199
+
17}
___
_____
Other loans-i,—,
.205860-,
.205870
,.205820
U
3.980000
52)
—
Treasury certificates of
V,
■.■••••.
1943
288
570
Treasury bills
.301215
3.244203
'
incl.
Other securities
Loans to banks
.301215
3.980000
_______
Earnings (Company Only) for Calendar
*
Other loans for purchasing or carrying:
Real estate loans
.301215
3.244203
——
3,172
672
Other securities
4.035000
.905000
Telephone Bond & Share Co.—Earnings—
5-26-43
5-17-44
5,906
obligations
.572766*
.
4.035000
/ .909090
Corporation and
Investment News-'§;;
pur¬
obligations
U. S. Government
.906250
.572766*
4.035000
.205820
v
General
of
chasing or carrying:
U. S. Government
•
HOLIDAY
•«
(Continued from page 2312)
50,240
10,189
—
and
.909090
.906250
.905892
.572766*
■
'Nominal rate.
agricultural
i.
brokers
.051275*
.909090
'■
.
debits to demand de¬
5-24-44
Assets*1—
loans
.051275*
■
..
■"
'
Africa, pound
Uruguay, peso—
Controlled
Increase (+) or
Loans
'•
V
.905208
New Zealand, pound
Decrease (—) Since
and
v
;
(In millions of dollars)
industrial,
■-//'■rV-;:
.301215
.-
.909090
posit accounts, follows:
Commercial,
'
.060586*
$142,000,000 at all re¬
of the principal assets and liabilities
Loans—total-.
....
.251247*
3.228000
4.035000
.205820
'•
t
.
—
Free
domestic banks declined $101,-
investments*—total
.
,909090
,
.907500
.301215
Noncontrolled——
reporting member, banks, and of
Loans and
<
.
.297733*
.060686*
:.
.051275*
V
.572766*
4.035000
—
Newfoundland, dollar—
porting member banks.
*
'.060586*
,
1
.907578
Mexico, peso
Official
.909090
v
.572766*
*_
^
England, pound sterling
India (British), rupee
000,000.
summary
'
.
.051275*
:
.909090
a
Colombia, peso
being $245,000,000 in New
York City and $89,000,000 in the Chicago District; the
total decrease at all reporting member banks was $584,-
A
!
'3.228000
3.228000
.060586*
.051275*
...
Free
tricts, the principal decreases
credited to
$
$
.251247*
.251247*
.251247*
3.228000
June 1
May 31
.297733*
v
;
'
Deposits
1
,
VVv-'.v.1
$
.297733*
Canada, dollar—
deposits declined in all dis¬
000,000 in New York City and
May 30
,
York
in New
Money
'
$607,000,000.
reporting member banks was
at all
crease
United States Government
May 29
.297733*
3.228000
Official
the total in¬
outside of New York City;
District
.297733*
,_i,
—
States
United
$
$
j '
J
.251247*
:
Brazil, cruzeiro—
dis¬
tricts, the principal increases being $277,000,000 in New
York City, $81,000,000 in the Chicago District, $54,000,000 in the Cleveland District, and $53,000,000 in the New
York
\"
Free
Australia, pound
adjusted increased in nearly all
Demand deposits
,
Official
Government
States
United
and
May 27
"
Argentina, peso-
$27,000,000.
in
Value
$11,000,000
for Cable Transfers
Buying Rate
Country and Monetary Unit
Holdings of Treasury notes
District.
$16,000,000
bonds increased
Noon
City and $52,000,000 at
together with accrued interest.
the sinking fund upon any Dec. 1
to and including Dec. 1,1949, at
1027/8%; thereafter to and including Dec. 1, 1954, at 102 %%; there¬
after to and including Dec. 1, 1959, at 10iy2%; thereafter to and in¬
cluding Dec. 1, 1964, at 100%%; and thereafter at 100%; in each case
together with accrued interest. •
>
'
»
Annual sinking fund of $200,000 per annum is provided, the' payment
of which is to be guaranteed by
Texas & Pacific Ry and Guy A.
Thompson, as trustee of Missouri Pacific RR., and not individually.
and
thereafter
at
100%; in each
case
redeemable for the purposes of
at. the following redemption prices:
•
Also
Issuance—The
to
authorization
issue,
sale
and
guaranty
of
by the Interstate Commerce
these bonds
Commission.
are
subject
.
•
■
•
Purpose—Proceeds to be received by the company from the sale of"
bonds together with funds provided by the company will be de¬
posited with Guaranty. Trust Co., New York, trustee under the com¬
pany's first mortgage dated Sept. 1, 1924, and will be used for rethe
Volume 159
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4287
•
first mortgage 5V2# bonds
Sept.. 1, 1944.
Terminal Facilities of the-Company—The terminal facilities oper¬
ated by the company are located in the City of New Orleans, La., and
on
the west bank of the Mississippi River opposite that city in the
.Parishes of Orleans and Jefferson, Louisiana.
Under an agreement
dated Sept. 1,
1924, as amended, Texas & Pacific and Missouri Pa¬
cific are obligated to use these facilities for a period expiring June 15,
2013, and to pay, among other things, all sums for principal of and
interest on all bonds and other capital obligations of the company
issued with the consent of the proprietary roads as well as sums due
for rentals, taxes and all expenses of management, operation, renewal
and repair of the terminal facilities after deducting revenues derived
demption on Sept. 1, 1944, of the $6,040,000
due Sept. 1, 1964, at 10734 and interest to
to
4
Post-War Markets
In
.
planning'/)
based
and Missouri
!
-
Westwego Ore Tipple, Inc., stock——
stock 20,000 shares (par $100 per share owned in
equal share by Texas & Pacific and Missouri Pac.)——
Open account,
of
Operating
Operating
our
cooperation of
cost
total
locomotives
such
of
instalments to Aug.
7, 1948.
of
Purchasers of Bonds—The purchasers, acting through The First Bos¬
representative, have agreed severally to purchase from the
company at 100.879#
and accrued interest, the principal amount of
series A bonds set'opposite their respective names:
1 ;
ton Corp.r as
Prin. Amt.
Prospective Purchaser—
•
.
Corp...
The First Boston'
Other
for
certain amount of international
,-Kidder,
Shields
;
& Co
972,000
cooperation on a basis
Auchincloss,
—v.
p.*2125.
159,
——.
V'
•'
'
'
'
'
:
*
' !
'
'*
'
■
■''' ?'
•" '
•
V,"
'
•
•
of the Board of Directors, the Executive
appointed J. T. Suggs as General Counsel of
'this company succeeding S. W. Lancaster, Vice President and General
Counsel, retired.—V. 159, p. 2238. ..
' "-;1 j^
/.
25
May
—
455,533
1543
1942
$14,757,774 $12,550,751
direct taxes—--5,825,655
5,308,242
Ended.Dec. 31—-.,y
,1 \v.."
Operating expenses, excluding
Federal
Other
1,969,073
773,935
ry.
,1,200,000
investments-^— ",) • 6,381
1943
1942
1941
$407,274
$196,975
$224,386
255,850
248,570
79,878
82,221
200,482
219,189
54,162
34,497
1,802,881
1,520,299
621,075
870,808
railway
income—
oper.
from
from
ry.
railway
1,057,745
886,309
77,136
350.825
833,787
railway—
765,266
*19,526
132,507
income—
oper.
V.
159,
1902.
p.
'.';••■■■■■■
the
record
Nov.
and
15
share,
Dec.
25
May
on
The previous
1943.
27,
Union Pacific
"Taxes
net
Net
$4,982,730
$4,112,714
'Property retirement reserve appropriations-—
280,581
694,519
841,809
3,165,742
3,712,073
1,941,111
,325,547
10,920,047
facil.
chargefrom trans¬
income
917,862
290,293
3,997,455
18,213,591
4,589,344
.*2,858,973
1,174,624
6,615,840
14,917,502
4,697,701
22,802,935
4,754,085
1,684,349
5,439,684
10,219,801
18,048,850
portation operations
Amortization of limited-term
revenues
—
7,037
52,888
$4,133,655
2,308,162
Interest
!■
,
$2,749,237
deductions (net)——.—-
other
and
.
$1,825,494
(retired
in
income
Net
7%
.
$6
;
-
—-
preferred stock__--__^__^-;_-i-_-i_--^-^
preferred stock-.
stock
■Common
V!
;
453,978 * J:>453.978
411,072 "
411,072
725,000
:
.
Sheet, Dec. 31, 1943
"v
V.
accrued
159,
liabilities,
*
'
,
Co.—Annual
Thermoid
*'
,
$21,685,677.
of
Sales
and
all
March
those
this
sales
'mortgage
A
of
part
bonds," due in 1958, and 124,250 shares of common stock.
the proceeds of this financing was used to provide funds
of the Joseph Stokes Rubber Companies of Trenton,
for the acquisition
J., and Ontario, Canada.
Various
$1,161,226,
;
'
taxes
or
;
J
About
Taxes
»
$2.32
per
share
■
.
for
the 500,000
1943
amounted
average
shares
to
out-
standing, and $1.93 pel- share for the 600,000 shares of common stock.
the past
1941..——————
—
"
676,224.21
.___
1.79
1.13
555,573.54
——
1939———.—
.92
'317,192.84
1940
:
$1.93
1,078,079.18
__.
.53
1942
'Cash in banks and on hand——_—_„
$554,716
Treasury tax notes, series C_—_____
•'Notes and accounts receivable.:—
—_
105,000
$376,597
125,000
1,223,129
876,158
2,838,184
2,585,613
U.
1
■■
S.
said
of life Insurance
^
policies
50,281
company
43,208
30,000
value
30,000
secured by capital stock of sub¬
53,000
(not consolidated)__
Other notes and accounts receivable
sidiary
J_
(not
cur¬
tProperty, .plant
excess
profits tax
and
deposits
equipment—,
and
Goodwill, patents, trade-marks and processes—
until its acquisition,
1943
4
Much
remains
volume
of
yet
Stokes
.products and 18#
Vw
<
Stokes
to
of
be
and
a
any
Notes
notes
Accounts
Due
other
the
Trenton
is
divided
in
that
between
factory.
82#
The
in-,hard
sales
rubber
of
Canada
.Canadian
and
Division
is
divided
banks—
to banks
before
Serial
for
notes
2
—872,993
;
wages,
Federal
contingencies
payable
to
are
between
49#.in plastics products.
.
,
51#
in
hard
rubber
products
the
liquidate the $52,925,000 indebtedness of United to Bond and Share.
Questions had previously been raised by our staff and communicated
the
15.
collateral
1951
trust
bestos
1,165,824
maturing
due Oct. 15. 1958bonds, due Dec.
;
9,219
296,920 '
315,220
600,000
475,000
1,555,668
953,978
883,655
$9,608,846
$7,475,543
doubtful accounts, rebates, allowances
cash discounts of $185,010 in' 1943 and $142,617 In >1942.
tAfter
deducting
.1943. and
insurance
12
an
and
(b),
deducting
reserve
reserve
for
for
depreciation
$2,599,597 in. 1942.
and
the
of the
record
companies
the
for
sale
of
agreement with respect to
After the filing, on June 12,
certain
12
amortization
of
$257,645
in
subsidiaries
for
of
under Sections
United
11
(b)
(2),
18 (a) and 18 (b) of the Act which were
with the proceedings on the above-described
12 if),
hearing
(c),
consolidated
The purpose of these "cross proceedings" was to ensure a com¬
of all factors relevant to the recapitalization
refinancing of United including a determination of the respective
claims and equities of its various security holders in connection there¬
prehensive investigation
and
to
and
give notice cf
view
the
of
proceedings
background
and
history together
Electric
in
that
facing
the
to
the
resolution
consolidated involved
of United
so
organization
connection
During
our
full
thorough
a
statutory
raised by
study
of
the
and
its
entire
corporate
played by
Bond
and
Share
and
extensive hearings were necessary
the roles
therewith,
with
exercise
company.
of the problems
the
course
of
these
hearings
various
made to separate the refinancing problems from the
surrounding the proposed use of the proceeds, i.e., the problem
were
the status
the
fact
undertaken.
were
attempts
of
intention
our
to resolve the problems
powers
We
reasons
to
expire.
the
of
completed
accounts
failure
companies
to
and
and
Bond
the
of
previously
the
subsequent
phases
rank
and
have
for
undertaken
insurance
allowed
2,353,182
».
held by Bond and
claims
developed in
with
the bonds but had not
the precise method and
terms of sale.
1941, a contract fixing a
price of 99.34%, an interest rate of 3(4# and other terms of sale
was
entered into with 14 major insurance companies and the filing
was amended to bring this contract before us.
In view of the questions
previously mentioned above arising from the history of the relations
among Bond and Share, Electric and United our Order of May 31,
1941, for hearing on this declaration together with a declaration filed
by Bond and Share for the use of the proceeds to be received by it,
also instituted proceedings with respect to Bond and Share, Electric,
1942,
7,039
—
debt
facts
of
(2)
the
direction
2,104,000
________
*After
and
2,500,000
interest in Southern As¬
stock (par $10)
basis
the
on
proceedings of Bond and Share and Electric.
time of the filing, United has been negotiating
(b)
to
United.
5%
surplus
Total
766,800
an¬
300,000
convertible pid.
stock
Common
United
11
secured
yet
issues
Co.
cumulative
Earned
in¬
—L
Minority stockholders'
$3
on
respect* to the
companies with
in
certain
and
316,782
443,015
;
banks,
649,199
15,894
,
interest, etc
and State'taxes
nually
4 \\ c/o first mortgage bonds,
First'lien
in
seeking permission to issue and sell $75,000,000 of first mortgage and
collateral trust bonds and to use the major portion of the proceeds to
$7,475,543
$100,000
payable
taxes,
and
these consolidated proceedings.
application of United requires a brief summary
financing. On May 5, 1941, two days
effective date of Rule U-50, United filed a
declaration
order
filings.
195,862
$400,000
:
Capital surplus
in plastics.
of
increasing steadily.
At present two
divisions of the plant are being expanded for important war products
in cooperation with the Canadian Government.
Those same products
will be major peace-time products.
The cost of this expansion is sub¬
stantially provided by the Canadian Government.
The business of the
Sales
to
filed two days before the effec¬
history of the proposed
12,470
3,191,617
payable
to subsidiary.—
Accrued
it believes the proposed issuance and sale are not
provisions of Rule U-50 since the original declaration
the
payable
Serial
among
Consideration of the
of
12,390
3,234,770
206,195
'
2
2,979
52,700
Liabilities—
profit was earned in the last quarter.
accomplished
United's
amendment to
an
concerning,
these
that the
with
Total
Pipe Line Co., have filed
consolidated proceedings
Gas
in
however, in the event that we
proposed sale is subject to the provisions of Rule U-50
that it be exempted from the
competitive bidding requirements of
Subsections (b) and (c)
thereof.
It has further requested that we
rule on these matters at the earliest possible date and in advance of
date
find
United
••>..
for plant purposes
Prepaid expenses and deferred charges—
come
holders will recall that Stokes of Trenton had operated at a loss in
subsidiary of Electric Power & Light Corp., a
Electric
a
present filing amends was
of that Rule.
It requests,
tive
15,762
5,700
17,555
—
Federal
of
refunds
29,
May
that
the
to
the
which
$9,608,846
rent).
Post-war
Provision
Acquisition of the Stokes Co. of Trenton provided company with an
expansion of its Industrial Rubber Products Division.
Company now manages and supervises the sales o%the Stokes Co. of
Trenton.
Improving its manufacturing processes and reducing manu¬
facturing costs are active problems of the management today.
Stock¬
Corp.,
United
filing
subject
Prior
1,245,500
1
—
.
receivable
Note
(not
advance to subsidiaries
and
surrender
Affiliated
—
—
in
consolidated)
Cash
Benefits of Merger
-.opportunity for
issued
Order
and
things, a proposed issuance and sale by United of $100,000,000
mortgage and collateral trust bonds. United has stated in the
Section
1943
'
Assets—
PerSh.
$1,161,226.27
1942-
Opinion
Competitive
From
Exempts
first
Share
Comparative Consolidated Balance Sheets as of Dec. 31
Investment
.
of
In
...
1943-
'
1943, $25,500,000.—V. 159, p. 1806.
Corp.—SEC
declaration
other
'
.
Gas
subsidiary,
to
$1,256,360.
^Sundry investments
for
Taxes paid per share on the greater number of shares for
five years are indicated in the following tabic:
v:
:.
;• ■ "
Total
T
by
in
equity
Co.'s
Real estate not used
$2 a Share
and subsidiaries
Thermoid
of
the latter
in
Inventories
including
-
*
N.
in
the net assets of its subsidiaries—not
consolidated, as shown by their statements as of Dec. 31, 1943,—
exceeded the cost of Thermoid Co.'s ^investment in such subsidiaries
...,
;
were
Thermoid
;Ari
period,
this
for
and $320,000
wholly-owned subsidiary, Precision Roll & Rubber Co., and
Joseph Stokes Rubber Co., Ltd. (now a wholly-owned subsidiary of
Thermoid, Ltd.).
Report—
Combined
year.
in 1943
its
and
This compares with $17,035,496 on the same basis in 1942.
divisions continued at a high rate in January, February
of
of $450,000
tax
statements include the same sub¬
The following sub¬
part of 1943 have not been included,
operations and accounting not yet having been coordinated with
of Thermoid Co.: Joseph Stokes Rubber Co. (95.67#
owned),
acquired
their
both Stokes plants, amounted to $5,515,234 as compared with $4,637,793
on the same basis a year
ago, an increase of about 20# v*
"
In late October company effected retirement of its 5# first mortgage
bonds due in 1951 by sale through bankers of $2,500,000 4V4#
first
,
profits
$0.72
$0.87
included in the preceding year.
as
sidiaries
Schluter, President,
E.
287,528
292,405]
consolidated financial
Note—The
sidiaries
states;.in part;
''
},
•
Consolidated sales of company and subsidiaries
(exclusive of Jos.
Stokes Rubber Companies) reached the highest point in the company's
history
and amounted to
$16,278,526 for 1943 as: compared with
$12,094,841 for 1942, an increase of 34#.
Including sales,pf Stokes of
Trenton and Stokes of Canada for 1943, combined sales ^mounted to
p.
9
.'
!_:
excess
follows:/For
month ended
as
four
$8,500,000;
registered holding company, which in turn is a subsidiary of
and Share Co., also a registered holding company, and
their
after deduction of debt retirement credit of $3,000 in 1943 and
$30,000 in 1942, and post-war refund credit of $47,000 in 1943 and
$5,700 in 1942.
'
V*-.'.".' '
par),
($100
91,859)
;
.
dividends
^Including
$434,445
$457,887
dividends
'1942,
$163,587;
'
1902.
P.
1,247
1943,
granted the company an exemption from the competi¬
tive bidding requirements of Rule V-50 in connection
with the proposed sale of $100,000,000 bonds, The opin¬
ion of the Commission follows:
United
1,184
Earnings per common share——_—
deferred credits, $177,237;- reserves,
$6,914,862; contributions in aid of construction. $107,414; consignments
(contra).
$10,597;
earned surplus, $3,769,393; total, $92,454,077.—
and
16,222
15,057
4,625
9,528
527,884
$7,000,000;
1944,
Gas
United
Southern Asbestos
income
Common
*
$6,500,000;
$6 cumulative preferred stock (68,786 no par shares), $6,943,976;1 com¬
mon
stock (4,000,000 shares, no
par), $20,000,000; long-term debt,
$43,650,000; accounts payable, $239,534; matured long-term debt and
"interest (cash in special deposits), $4,322; customers' deposits, $725,135;
taxes accrued,
$2,526,117; interest accrued, $721,903;' other current
stock
preferred
cumulative
Net
.Preferred
-'y.-'
Liabilities—7#
April,
Bond
and equipment, $85,250,342; investments,
$14,615;
cash in banks (on demand), $1,598,866; special deposits,
$64,322;
working funds, $63,801; „U, S. Government securities, etc.,
:
$2,071,162; notes receivable, $2,252; accounts receivable, $1,371,889; ma¬
terials
and supplies,
$698,999; prepayments, $32,352; other current
.and accrued assets. $81,614; deferred debits, $l,151,007;«*reacquired
capital stock, $42,260; consignments (contra), $10,597;
total, $92,454,077.
15,673*
and expense—__
applicable to minority interest
Co.
of
month
Memorandum,
18,889
:
^Proportion of net income of
Balance
taxes
Bidding Rule Sale of $100,000,000 Bonds—The SEC in a
property
Assets—Plant,
excess-profits
and
income
Federal
107,537
/-# 101,525
———*_—
debt discount
of
—
April 30, 1944, $27,000,000;
15,316
Unamortized debt discount and expense, etc.—
177,781
State income tax_________—15,500
^Federal income and excess profits taxes—__
652,950
l,500,00(f-
————
___,
_____:
interest
'Amortization
——
"r"Includes
all
from
income
•
sources
25,140
250,052
221,043
4V4#
1943)
Other
'
1943)_
——y
first mortgage bonds (issued
in
Net
6,000
depreciation.-,.*.—_____
267,808
charges (net)____*.__.—224,583
first lien collateral trust 5#' bonds
Interest on
1,176,156
2,024,993
for
•Interest on
j.
income
Gross
—
___
2,506,349
-.Miscellaneous
20,941
$5,035,618
2,286,380
(net)———___——i——
'Other income
income
Fixed and other charges
—
—
Selling, general and administrative expenses—
Provision for doubtful accounts
Provision
Net operating
Total
$15,017,527 $11,056,213
of Sales;'_U—10,556,081
7,418,438
■Cost
141,540,138?
87,189,511
34,674,280
32,424,963
767,987 107,175,252
8,927,829
—
joint
and
rents,
$
$
215,924 155,935,321
37,961,932
26,398,473
1,038,629
1,260,999
—
1944—4 Mos.—1943
1944—Month- -1943
$
Equip,
15 cents per
also
RR.—Earnings-
Railway oper. revenues
Railway oper. expenses-
$16,278,526 $12,094,841
—
payment,
made on Dec. 11, 1942.—V. 159, p. 2016.
was
Period End. April 30—
-1942
1943
—
sales'.
Net
Dividend—
declared a dividend of 15 cents per share
capital stock, no par value, payable June 26 to holders of
June 17.
A like amount was paid on April 17, last, and on
directors
The
■
'1,200,000
—_____
———
:
RR.—Earnings—
Union Bag & Paper Corp.—15-Cent
Returns, freight and discounts—
1,140,120
782,638
taxes
taxes
sales
Gross
*
—,——
—
*$33,777
$434,938
railway
Inc. from invest, sources
revenues
452,637
$110,068
Years Ended Dec. 31
Consolidated Income Statement,
■
12 Months
$486,414
1944
from
from
safety belts or harness
"
Operating
3,810
$345,465
..
—
Toledo Peoria & Western
on
necessity for further expansion
Co.—Earnings—
& Light
Texas Power
$482,603
1,938
(net)
—
♦Deficit.
of our American free enterprise
system, which means the job to produce more goods for more people
at lowered costs, is the obligation of business ^management.
While that
is an obligation, our Government should do everything to aid produc¬
tion and employment by creating a favorable business atmosphere and
with a basis to expect lower taxes and less regualtion after the war.
direction
to
on
14,621
488,029
$343,527
income
April-
war.
of our
one
manpower
V
The
Ry.—New General Counsel—
Texas & Pacific
Pursuant
Committee
and
areas
16,323
"Profit.—V. 158, p. 2088.
Net
can be used for brake lining
Trenton is still one of the acute labor supply
major problems today is getting the necessary
rather than the finding of customers.
the
after
tape
loss
Net
but their plans depend upon some
webbing for
for
250,000
J
vv^1
,-j ■■■
502,610
(Or)—
taxes
From Jan. 1—
problems are practically non-existent in Thermoid
since its war-time products are its peace-time products.
Looms used
'••• 250,000
v.
—~—-—<—
Net
Gross
Reconversion
350,000
Lynch, Pierce, Fenner & Beane
Parker & Redpath
Austin & Waggener—.——,
Merrill
.Walker,
66,363
552,572
—_—
profits
excess
deductions
Income
Net
„
business
*
taxes
548,569
of
income
Net
like to provide more post-war jobs in
realistic assurances on
these
considerations.
They affect the amount of export
to be expected and influence our own market potentials.
of
some
960,000
——i
Harris, Hall & Co.,'Tnci^-i-———•—800,000
Lee Higginson
Corp.-—:_
500,000
254,837
377,640
84,035
——,—
!
income
Gross
of> business would
production,
972,000
Co.'-—!——----—-———-————
&
Pressprich
W.
R.
Co.—i——.
&
Peabody
profits
refund
Operating
Gross
products, but business manage¬
equitable consideration for American
in America is
asking about the
Managers
944,283
517,739
taxes—
taxes
Other
Post-War Jobs
$986,000
•
—~——-—
—
—
excess
Post-war
limits to be expected in the
advocacy of "economic" internationalism and "free trade!"
But we
have an American standard of living and wage standards to protect
in competitive international markets after the war.
While Uncle Sam
has never played the role of Shylock, we don't think he should begin
to play Santa Claus to the whole world at serious risk to American
production and employment.
;:
•'
income
Federal
ment
in monthly
$120,902 payable
was
1,620,642
for resale—
depreciation and
Federal
.
The
for
American
war
We all favor a
—
amortization—
,—
purchased
Provision
.
2,000,000
"Represents unpaid balance as of June 30, 1944, on two diesel switch¬
ing locomotives being purchased under conditional sales agreements.
1943
$4,606,206
1,504,463
301,452
expenses
Maintenance
its citizens.
The illustration poses a
post-war planning.
.
,
production genius and mechanization of
processes enabled management to compete in foreign markets against
foreign labor which received only 25# or 50# of the American wage.
But we must face the probability that that wage differential between
the
United States and foreign nations may be much greater after
the war.
'•
'
There is also the additional heavy tax load which has been thrown
largely upon business and production as a result of pre-war spending
and necessary war costs.
This burden raises costs for the international
markets and for the domestic market as well.
.
1944
$5,533,809
1,581,598
revenues
Electricity
deal in'facts and figures.
employment
the
1944—4 Mos.—1943
$7,238,515
$6,432,409
1806.
Tide Water Power Co.—Earnings—
They must be realistic. We
'have discussed
some
of the purposes behind the acquisition of a
Canadian subsidiary because of the high tariffs there and in the British
Empire.
This comment is not critical.
It is a statement of conditions
we
face
in considering
export potentials.
We admire Canada for
Before
1944—Month—1943
$1,723,480
$1,795,236
—
159, p.
12 Months Ended March 31—
problem, important in any
•••
Capital
about the necessity of bigger and better
trade."
On the other hand we remember
made by a high Government official to the ef¬
.
.
protecting
$6,040,000
*74,749
.,,728,410
717,176
■ ;.
10,000
mortgage bonds series A due June 1, 1974—
Equipment obligations
Invest. & working fund advances from Texas & Pacific
Invest. & working fund advances from Missouri Pacific—
"free
objective
world
Business men
Financing
Capitalization Upon Completion of This
i
.
soldiers
.
3%#
and
:
—V.
post-war finance and economic life
social governments, not of industrial
"
Such a policy' would not make jobs for our returning
and our millions of Americans in industrial production.
'a
be
ones'.
'
and their connections have access to
Pacific
newspapers
"the
that
fect
■must
Through these facilities Texas &
the
Various industries*1 wharves and dock facilities served by the company
and facilities for switching and the interchange of freight and passen¬
ger traffic of the two proprietary roads are provided.
terminals
the
statement recently
the
April Sales Lower—
Period End. April 30—
Sales
as he thinks of some of the "global plans"
theoretical than practical reasonling.
On the one hand
internationalism
roads.-
these
for
senger
in
a
shudders
he
more
on
read
we
These facilities provide Texas & Pacific and Missouri Pacific access
the City and Port of New Orleans and constitute freight and pas¬
Pacific
When
one cannot help but think of inter¬
business man is asked to discuss "post-war
plans
post-war
discussing
national markets..
company's operations.
from the
)''■
.
2347
and
described
of
the
immediately
Share
in
most
after
in
and
against
formulation
the
effort
In
in
were
thereafter
held
with
and
this
February,
this unsuccessful attempt, the contract with
which had been several times extended
Hearings
Structures
of
certain
the
of
subsidiary
respect
the
was
to
all
proceedings until September,
1943, when they were
concluded with respect to all matters except as to the
United.
companies
of
.
Following
the closing of the record on the
proceedings, the present Section 11 (e) plan
veorganization
United,
claims
detail
comprehensive
Pearl Harbor.
Electric
of
and
United
Bond
and
and
the
major
was
settlement
problems
filed,
of
all
in
providing
claims
the
for
amongL.
Share
arising from the organization
and history of United.
This plan contemplates the issuance by United
of $100,000,000 of
first mortgage and collateral trust bonds and is
conditioned
upon
the
ability of United to issue and
sell
such
bonds.
in
the
the
present
the refinancing
respect to
present
quirements
case
from the competitive
appropriately be granted.
exemption
an
U-50 may
Rule
of
bidding re¬
.
,
the
upon
proposed
Utah
Light Co.—Annual
&
Power
the annual
from
Extracts
fees and expenses
paid
in
p.
\
v
Report—
Net
during
Refinancing
•
of Utah Power & Light Co., ; consisting of
$28,119,000 of 5% bonds, and $4,068,000 of 4V2% bonds, due Feb. 1,
1944, and of Utah Light & Traction Co. (unconditionally guaranteed
as
to principal and interest by Utah Power & Light Co.) consisting
of
$11,813,000 of 5%
bonds due Oct. 1, 1944, making a total of
$44,000,000 for the two companies, together with interest in full to
the
respective dates of maturity, were paid on Dec. 14, 1943, by
depositing the amounts required with the mortgage trustees.
Funds
for these deposits were secured by the sale of $42,000,000 of Utah
Power & Light Co. first mortgage 3%% bonds dated Dec. 1, 1943, and
due Dec, 1, 1968, and from cash in the treasury of the company.
The
.'
v
debts
mortgage
Sale of Transportation
•
*
The Nov.
1943,
29.
findings
and Ex¬
that the electric
properties of Traction Co. (which are now leased to and operated by
Utah Power 8c Light Co.) should be acquired by Utah Co., and that
such acquisition can and will be effected in the near future.
It would
seem to be equally clear that the transportation properties of Traction
Co. are not retainable by Traction Co. or Utah Co."
In accordance with this provision negotiations have just been con¬
cluded with Salt Lake City Lines, owned by Pacific City Lines, Inc., of
Oakland. Calif., for the sale of the transportation properties of Utah
Light 8c Traction Co. for $675,000, delivery to
its
in
SEC
The
dated Nov. 29, 1943, retained jurisdiction in
initiated by the Commission under Section 11 (b)
section has to-
the company.
While certain definite requirements were laid down, the specific plan
for the recapitalization is yet to be determind.
The following para¬
graph from the Commission's order will be of interest to all stock¬
do
"Net
"It
is
further ordered,
pursuant to Section 11 (b) (2) of the Public
Holding Company Act of 1935, and in accordance with the
and opinion herein, that Electric Power & Light Corp. and
Utah Power & Light Co. shall effect a change in the present capitaliza-tion of Utah Power & Light Co. to one class of stock, namely, com¬
mon
stock, in an appropriate manner, not in contravention of the
Utility
findings
applicable provisions of said Act, or the rules, regulations, and orders
promulgated thereunder."
Because
of
their important effect upon the
restatement of the
for the preservation of the pre¬
ferred stockholders" equities, it is hoped that, further proceedings in
accordance with this part of the order will follow the transfer of the
electric properties of Utah Light & Traction Co. to Utah Power &
Light Co. with the consequent accounting adjustments, and the final
determination of the Utah rate case, with its effect upon both prop¬
erty values and future earnings.
stock
capital
the
of
and
company
Statement of Income, 12 Months Ended Dec. 31
v.
•
,
;
Operating revenues
.
Operating expenses, excluding direct
Federal
taxes—
1,725,897
1,457,921
Other, taxes
and
Depreciation,
retirement
property
Net
"<■
lease
1,147,605
$5,112,000
Operating
Other
!
revenues
of
$4,053,865
428,779
746,392
plant
_____
Gross
Interest
income
and
_
other
deductions
$4,365,608
256,565
$3,625,085
249,546
$4,622,173.
income
(net)
income
"After
$3,874,631
2,281,828
(net)
income
of
$6
preferred stock
Dividends
of
$7
preferred
$1,769,596
125,763
251.526
1,453,235
;_
stock
726,617
u
...
income
Subs.)—Earnings—
Interest
1944
1943
$2,312,899
$2,458,752
and
and
March
Wylie,
net
—v.
1,093,302
1,090,981
'
******■•."
"I
"
$3,562,813
45,245
$274,442 V$3,795,413
901,996
$3,608,053
877.349
.-$203,015" $2,893,417
$2,730,709
-
$294,174
71,427
of
300,000
"
•.
y. -;
;
.
-
,
■
■
$2,730,709
622,518 v
stock for- period—
to pfd.
,
$2,593,417
$203,015
$213,095
159, p. 1903.
•.
■..
622,518
:
y..../ r.;
has called for redemption as
company
its outstanding 7% cumulative preferred
dividends.
Payment will be,made at, the
shares
Virginia Electric & Power Co —Merger
The
Public Service Co. into
26.
of Virginia
merger
Power
Co. was
Effective—
set
stock.
this
of
'
-
->
present said stock certificates at any time prior to
redemption and receive $105 and dividends to Aug. 1,
Virginia Electric 8z
made effective on May
$15,419,466 $14,565,990 $58,937,095 $54,904,232
5,148,378
4,502,056 19,987,774 17,506,774
1,066,013
" 913,606 ■ 4,299,764", 3,770,560
Fed. taxes on income—
2,849,570
2,654,440 10,378,930
9,496,987
Other taxes
1,167,431
1,205,575
4,620,253
4,620,745
Prov. for deprec., etc.—
,1,426,856
1,540,774
5,473,664
5,490,840
Operating expense
by the officers
Securities and
.
years
many
possible.
public, the consumers and
both companies are proud that
basis
a
which
•
it has been recognized that the
into a single operating unit would
the
on
should
prove
adjustments
Operating
,
—
combination of
tax
adjustment
♦Special tax adjustment r
be- beneficial to
incl.
income
Net
cial
tax
facilities
under
See
from
ry.
-Gross
from
from
Net
ry.
—V.
1
$2,369,892
$2,175,704
1,039,102
593,485
1,013,826
593,252
♦245,258
846,099
V.
p.
4,479,180
4,485,148
3,897.403
2,461,754
2,482,118
2,525,740
2,115,542
Washington Gas Light Co. (&
April 30—
V
cause
of
—
—
deferred
charges
operating
conditions
Operating
_
Net
Other
income
operating
and
profits taxes
excess
revenues
Interest
Net
and
income
on
$14,030,520 $13,031,115
8,115,673
7,729,734
934,258
622,792
229,369
i.
840,944
' 813,985
737,000
*
deductions
*
...
$2,243,740
1,952
10,006
$2,258,842
929,632
...
other
1,725,976
755,203
220,187
'
for
Years
Report-
Ended
Dec.
7
31
1942
1941
$34,706,316 $30,639,650 $22,810,110
21,956,061 .19,156,610 14,784,972
—
revenue—$12,750,254 $11,483,040
5,523,118
-"4,400,799
$8,025,137
2*525,223
$7,227,137. $7,082,241
$5,499,909
51,735
232,075
417,280
52,449
225,823
402,981
54,369
206,683
447,424
$7,464,076
$7,311,848
$5,795,020
333,084
200,815
114,123
$7,797,160
operating
accruals
$7,512,663
$5,909,148
_—
Operating Jricome
—
facility fent income
,
'
Joint
rent deductions, Dr.—
of
net—
equipment,
Net
Other
income—
operating
income
_i—_—_
income
$2,253,746
.903,056
$1,329,210
$1,350,690
470,015
366,813
$859,195
preferred stock..!,
Dividend
on
$983,877
gross
3,287,720
3,350,433
3,354,794
$4,509,441
from
income
$4,162,230
$2,554,354
income.—
—
preferred stock—
1,241,947
1,241,947
1,241,947
profit and loss:..—_
$3,267,494
$2,920,283
$1,312,40?
first
Balance to
♦ General
•_
779,92*0
865,985
$2,256,890
.
income
income
Account
expenses
Net
891,345
taxes
for Fed.
Prov,
183,241
revenues
be¬
:
Depreciation
General
1943
1944
—
war
714.468
150,992
70,252
16,558
1903.
p.
Deductions
Subs.)—Earnings—
revenues
for
Provision
1,133,454
407,359
138,910
>
2126.
12 Months Ended
Maintenance
.
'
653,427
income—
>v"*
1941
.
1943
Gross
Operating
r
>
;;
i-
$183,641
34.688
1,792,388
railway—
income
7,779,388
9,036,203
9.110,842
4,688,056
159,
'
Joint facility
10,252,719
„
income..
167,669
49,684
''
railway
159,
Hire
railway.
T
'
;
;
v
/
487!
$431,061
$331,196
w 193,725. i ? 144,885
56,587".
71,043
$440,886.
income—
oper.
p.
$601,610
$2,134,181
1,008,587
621,593
From Jan. 1—
railway..
Acquired—
Western Maryland Ry,—Annual
Net
income—
railway
railway.*.
:
railway.^—_
oper.
Net
Tax
1941
1942
1943
1944'
oper.
$4,285,857
840,135
Alabama—Earnings—~ ..-py v 7.
1944
1943
1942
From Jan. 1—
Operating
Earnings—
Virginian Ry.
from
s
railway
from
Net
...
April-
ry.
1,163,0757*
$5,014,905 .$5,125,992
amortization of cer¬
certificates issued by the War Depart¬
•
.y*'
v.!
Warner-Kenny Corp.—V.-159,
Sprague
Net
Redemption—
2241.
from
necessity
April—
obtain immediately the full
redemption price, including accrued interest to June 26, 1944, upon
presentation and surrender of the said bonds or debentures.—V. 159,
Net
$3,851,830
income due to
taxes on
Western Grocer Co.—Control
Holders of the bonds or debentures may
Gross
$5,014,905-, .$5,125,992
$1,479,409
$1,044,742- $1,220,420
,;!: 382,064 .258,989 '
ment.—V. 158, p. 2089.
Gross
N. Y., or at The Central National Bank of Richmond,
trustee, 219 East Broad St., Richmond, Va., and of the
debentures at the Manufacturers Trust Co., trustee, New York, N. Y.
oper.
: 289,237
$l>426,806v $1,479,409
in Federal
Western Ry. of
Effective-
New York,
from
8,412,592
8,388,730
276,050-
73,004
s
spe-*
adjustment
♦Reduction
tain
corporate
ry.
2,141,329-;
$1,426,806
Co.)
Net income before spec.
•
.
65,132
inc., incl. special
tax adjustment ___
the outstanding first
from
$3,693,742 $13,679,685 $13,827,821
2,139,702
Net
mortgage 33/4 % bonds, due Feb. 1, 1972,
and all of the outstanding sinking fund debentures due May 1, 1957,
have been called for redemption as of June 26,
1944, the bonds at
HlVs and interest and the debentures at 104 Va and interest.
Payment
of the bonds will be made at the Manufacturers Trust Co., 55 Broad
Net
$3,631,640
—
(West
;___—
El.
Virginia Electric & Power Co. above.-
Bonds and Debentures Called for
Net
$3,654,782 $13,410,387 $13,640,569
38,960
269,298
187,252
subsidiaries
Penn
Deductions
Stock—
Virginia Public Service Co.—Merger
Gross
•
$3,565,743
65,897
___
income—
income
Gross
Deductions,
authorized the listing of 289,491
shares of $5 dividend preferred stock ($100 par), upon official notice
of issuance after the consummation of the proposed merger of Virginia
Public Service Co. into the company.
See also V. 159, p. 2239.
p.
;
377,757
Stock Exchange has
New York
All of
income
195,475
■;
—
Non-operating
the employees, and the organizations of
this combination has been finally made
beneficial to all concerned." " r
•
Listing of $5 Dividend Preferred
The
py.,.,' •;
94,757
766,320
Amort, of prop, account;...
are
have otherwise been
would
_____
Maintenance
residents of the State of Virginia.
A
majority of the board are citizens of Virginia not otherwise connected
with the company and whose primary purpose in serving is to con¬
tribute to the welfare of the area served.
All of the officers of both
companies will continue to serve as officers of the merged company.
"More than
90%
of the customers of
the merged company are
within an air-line radius of 100 miles from the headquarters located
at
Richmond.
In our opinion
the merger will result in a strong,
sound, integrated company capable of providing the area served with
the most reliable and adequate electric service at lower rates than
whom
of
1944—12 Mos.—1943 »''
Operating revenues
the Federal Power Commission, the State Cor¬
poration Commission of Virginia, the Utilities Commission of North
Carolina and the Public Service Commission of West Virginia.
All of
these commissions have approved the merger and it was approved by
an overwhelming majority vote of
the stockholders of both companies.
"The board of directors of the merged company will consist of 19
17
J
Subs.)—Earnings—
1944—3 Mos.—1943
Period. End. Mar. 31—
Exchange Commission,
members,
date
1944.
159, p. 2126.
West Penn Electric Co. (&
a
actively under consideration since the Summer of 1943
and boards of directors of both companies and by the
for
—V.
joint announcement, J. G. Holtzclaw, President of the company,
and W. E. Wood, President of Virginia Public Service Co., said:
"We are pleased to announce that all steps necessary to consum¬
mate
the merger
have been successfully completed and it became
effective as of midnight on May 25,
1944.
The merger has been
In
•
Retire 7% Preferred— -
of Aug. 1,. next, all of
stock at $115 per share and
Chase National. Bank of the
City of New York, 11 Broad St., New York, N. . Y.
There are re¬
ported to be outstanding in the hands of the public a total of 525
The
v
states:
$213,095
„
Holders may
*
i'4
■
$3,749,476
45,937
$272,195
2,247
Webster Eisenlohr, Inc.—To
1082.
p.
»'
-■
respect to Government business for
the last fiscal year which ended June 30,
1943, have resulted in a
determination, by the Government, that no excess profits were rea¬
159,
III. 1.1'.
81,079
Balance
"Renegotiation proceedings with
lized."—V.
I
income
Dividends applic.
Treasurer,
-
______
reservations
Miscel.
$3.74
<
$1,385,976 in 1942.
Calvin
charges
income-
Net
° 681,180
$3.40
$3.61
provision for Federal and foreign income and
681,180
681,180
stock
provision for estimated Federal, State and foreign income
profits taxes charged against income for the nine months
31 amounted to $3,643,289 in 1944, $3,543,316 in 1943 and
excess
-
_______
*>•
i
$291,478
*
2,696-
1942
$2,542,473
****** ■■«"»'
(net)
income
91,451 '
90,406'
—y
revs.——
oper.
Other
Balance
^
Sheet, Dec. 31
1943
1942
$
Assets**™"
$
180,628,173 180,113,274
4,871,225
3,670,577
4,500,000
2,600,009
Special
_i_
1,212,333
898,917
Net bal, receiv, from agents and conductors—t.
1,735,351
848,983
Miscellaneous accounts receivable—
2,544,176
1,637,767
Material
and
supplies..*.
2,175,801
1,992,148
Interest and dividends receivable.——
24,374
11,722
Other current;assets
56,287
56,562
Deferred assets, wu_-;
65,879
10,761
Unadjusted debits
;
2,944,255
2,827,422
Property
investment
Cash
———
*.
cash
deposits
Temporary
—
...
investments
—
—
,
1943
Assets—Plant, property, and equipment, $60,634,900; investment and
accounts, $23,143,930; cash in banks (on demand), $1,167,784;
fund
taxes
taxes
Net
Note—The
Dividends
Balance Sheet, Dec. 31,
Ratified—
159, p. 2126.
share of capital
depreciation
(& Subs.)—Earnings-
Prop, retirement reserve
2,105,035
$2,340,345
Dividends
Other
profits taxes, etc.
excess
Gross
Net
12,770
Operation
1,192,600
operating
for
,
2.152,362
1,495,253
reserve
appropriations
Rent
•22,955
1942
$15,701,715 $14,433,842
6,213,297
5,584,757
taxes
Federal
63,320
—
per
"Deficit.
1943
-
43,224
49,686
outstanding———
shares
Net
.
expenses
83,077
March 31—=
profit
Earnirtgs
St.,
holders:
Operating
259,312
•-
404,460
Vick Chemical Co. (&
Common
always
not
1S44—Month—1943
1944—12 Mos.—1943
,$1,057,429
$999,629 $12,945,796 $12,219,463
' 429,946
,
384,017
5,147,477
5,121,256
135,185
143,469
1,737,206
1,303,525
110,414 * '
108,497 " 1,220,656
1,138,567
revenues.
Gross
9 Months Ended
is
possible.
as
period End. April 30—
131,550
above.—V.
Co.
it
reasons
companies in exact alphabetical
are always as near alphabetical
arrange
Washington Water Power Co.
119,448
514,602
Camp Milk Co.—Merger
Pet Milk
See
see
the Public Utility Holding Company Act.
This
with the restatement of the capital
structure of
to
However, they
■
be made July" 1, 1944.
of
(2)
♦21,384
120,566
..
mechanical
NOTE—For
522,124
railway
corporation's
contract pro¬
1193,
appropriation
order
further proceedings
erty.—V. 159, p.
Operating
railway
Renewal-
Sugar Corp.—Contract
position
9,744
♦4,335
oper.
Van
Restatement of Capital
I
..
12,731
these two companies
and opinion of the Securities
change Commission contains this observation:
"It is entirely clear; and conceded by
everyone
.
ry.
"For
Properties
25,952
7,975
income__
"Deficit., V. 159, p. 1902.
the amount as to
present time are nearing completion and will be presented
May, 1944, with the hope that final determination of this problem
concerning the recording of the plant accounts of the three companies
can be
reached.
$125,161
19,896
from
fronl
Net
■*'
'
share
15 to
From Jan. 1—
Gross
Net
under way since 1937.
During 1943 stipulations were entered into by counsel for
Power Commission and Public Service Commission of Utah,
sentatives of the Utah companies as to the reclassification
which there is to be a rehearing.
On Nov. 23,
1943, the Commission ordered Utah Light & Traction
Co. to charge'to surplus from plant account similar items of approxi¬
mately $1,916,000.
Entries were recorded on the books of the Utah
Light & Traction Co.. in compliance with this order.
•
On
April 4, 1944, the Commission, ordered-The Western Colorado
Power Co. to charge
to surplus approximately $4,179,000.
In 1943
entries were
recorded on the books of the company charging off
approximately $4,167,000 of this amount.
The company has 30 dayswithin which to petition for a rehearing with respect to the remaining
item of approximately $12,000.
The
total
plant account for the Utah Power & Light Co. and
subsidiaries which has thus been charged to surplus as the result of
the
above-mentioned orders is approximately $31,645,000, and an
additional amount of about $269,000 has been transferred from plant account to capital stock discount and expense.
The orders of the Federal Power Commission require that further
studies be made with respect to all items included in plant account for
each company, and that the results of such studies be submitted to
the
Commission on or before June 1, 1944.
These studies at the
$108,542
income
railway
2,795,190
1941
railway____
oper.
ry.
30,565,918
13,193,114
3,895,466
$15,992
$84,222
from
Net from
567,679
viding for the operation of the Warner company's properties in Cuba
from July 1, 1944, to June 30, 1945, and for the expenditure of $50,000
of funds on hand for capital improvements to Warner's Cuban prop¬
V
1942
1943
1944
17,648,845
5,218,059
2,775,903
Judge Samuel Mandelbaum has althorized the
reorganization trustee to renew with Lowry & Co., Ltd., a
possible
Utah Ry.—Earnings—
21,493,722
7,355,041
1,162,524
2126.
p.
Warner
2297.
Gross
the Federal
with repre¬
of amounts
in plant account, designated by the Commissions as "write-ups."
On Aug. 2, 1943, using the amounts in these stipulations, the Federal
Power Commission
ordered Utah Power & Light Co. to charge to
surplus approximately $25,562,000 from plant account and approxi¬
mately $2,685,000 from its investment in the capital stock of The
Western Colorado Power Co.* and to make certain other small adjust¬
ments.
On Sept. 1, 1943, the company filed with the Commission
its application for rehearing, and on Sept. 30, 1943, the Commission
issued its order denying the application with respect to the above
amounts but granted a rehearing with respect to an additional amount
of approximately $1,027,000.
Thq, date for this rehearing has not yet
been
fixed.
The company has made entries giving effect to the
requirements of the Commission's order and has created a reserve
159,
share
during 1943.—V, 158,
in each quarter
last, arid
15,
March
on
3.
June
April—
report for 1943 follow:
This work has been
for
record
of
for
stock,
income..
$4,312,669
•
31,743,151
12,863,571
3,130,807
railway
1941
1942
$5,947,699
2,256,079
810,637
Federal
Dividend—
declared a dividend of 10 cents per
the second quarter, payable June
This compares with 20 cents per
May 26
on
capital
-
railway
oper.
order.
Determination
The Uniform System of Accounts
adopted by the Federal Power
Commission, effective Jan. 1,
1937, requires that plant account be
restated so that electric plant in service will reflect the original cost
incurred at the time the physical property was first put to public use.
*
the
holders
Commission—Original Cost
Federal Power
directors
The
on
—V.
deferred credits, $89,510; reserves,
total, $106,109,665—V. 159, p. 2017.
Upson-Walton Co.—Reduces
the
the
approval
exerciese of our jurisdiction
Net'ry.
$21,733;
liabilities,
$13,521,055; deficit, $28,886,350;
pending Section 11
(e) plan for United to which
financing is a condition.
Any contract resulting from
negotiations will,, of course, be subject to our
proposed
of the proposed financing, as such, and the
over
the terms and conditions of sale and all
connection therewith.—V. 159, p. 2016,
accrued
and
at
passed
par), $30,000,000; long-term
no
from
Net
debt,
$47,000,000;
accounts payable,
$423,129; long-term debt called for
redemption and interest, $16,634,109; customers' deposits, $212,304;
taxes accrued,
$1,935,419; interest accrued, $199,970; other current
stock (3,000,000 shares,
from
Gross
stock (41.921 no par shares), $4,178,568;
stock (207,605 no par shares), $20,780,219;
preferred
cumulative
common
income..
oper.
ry.
From Jan. 1—
cumul. pfd.
Liabilities—$6
$7
railway.-...—
from
Net
railway
from
Gross
Net
1943
$8,078,949
3,613,734
1,113,759
1944
$7,889,877
3,006,315
725,739
April—
$106,109,665.
total,
$268,536;
this time, as requested by the company, only
on
the question of the method of sale of the bonds, if made.
We
have not yet had before us the substantive questions under the Act
which will determine the propriety of the sale nor have we passed
have
We
Wabash RR.—Earnings—
and interest), $16,634,109; work¬
(Securities, $926,000; notes receiv¬
able, $4,435; accounts receivable, $Ll84,786; materials and supplies,
$772,987;
prepayments, $61,370; other current and accrued assets,
$19,208; deferred debits, $1,267,584; capital stock discount and expense,
special deposits (redemption of bonds
ing funds, $24,036; U. S. Government
amendment to its previous declaration with
was filed by United seeking approval of the
proposed Issuance and sale of the bonds, as increased from $75,000,000
to $100,000,000 principal amount,
Joe H. Gill, President of United, has testified that if the company
is permitted to carry on negotiations, it will not limit such negotia¬
tions to the 14 insurance companies with which the previous contract
was
made although he would anticipate that they would purchase a
substantial portion of the issue.
We have determined that in the light of the several unique factors
Accordingly,
Monday, June 5, 1944
CHRONICLE
& FINANCIAL
THE COMMERCIAL
2348
Balance
—V.
—
159, p. 2018.
,
1
•
t
'•
Liuij.vn
.'..jt.-I,
Total'J j_
t
200,757,855 194,668,134
—
,
>
if
;<i
7
■+
••
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4287
Volume 159
Liabilities—
General
stock
Common
—««—.——'~•
53,286,898
53,286,898
17,742,050
6,138,200
First
preferred stock.™.,-.!.,—17,742,050
Second
preferred stock-,.———.—
6,138,200
Grants
construction—.—
of
aid
in
r—,
balances
service
car
—
Unmatured
Accrued
Other
accrued—
rents
tax
Unadjusted credits
Profit
loss
and
Other
——,—i
——
——
Total
1- 200,757,855 194,668,134
——
Period End. April 30—
Operating
expenses—
2,130,755
237,353
245,118
322,547
receivable.
755,947
24,983
406,953
over
693,568
——.
1.833
3,212
693,091
—
stock,
727,492
was
'
Grants in
aid of construction
Taxes
—
''
'
'
•
i
$1,216,091
and
17,20~l"000
18,013,000
1,392,668
941,629
payable.
payable
unpaid.—
wages
673,000
489,000
—
•'
'•
.
,
'
■
Operating income—.
Equipment rents :
Joint
facil,
'
:
;
/r
■
u-
■
'r
■
.
'j
Ml
■
Unmatured
Accrued
-
$481,263
$727,091
$2,511,068
10,091
172,637
Other
$2,960,569
32,709
88,842
(net)
Drl4,635
Drl5,697
Dr62,326
income.
$499,337
$721,485
$2,621,379
14,622
oper.
income
ry.
Other
19,482
100,852
113,995
Funded
I:
Gross
Fixed
income
Profit
$527,880
$740,967
$2,722,231
$3,102,753
271,929
271,457
1,080,717
Net
income
$1,641,514
$469,510
$255,951
—
taxes
2,038,340
Net
378,000
revenues
revenues
—
ry.
ment
17,905^537
of
Net
121,950,567 120,849,424
...
4
and
Months
1944
$2,862,978
1,183,517
417,192
901,546
949,313
221,030
from
from
Net
ry.
—V.
Ended
April 30
13,074,518
9,954,365
5,311,341
3,208,293
Gross from
Net
6,063,520
1,427,324
1,895,291
2,750,955
2,185,599
from
ry.
645,199
income—
oper.
—V.
for
'
fr.
State,
misc.
tirement
Federal
income
Stock
'
.
and
'
re-
•
taxes
&
operating
(Cr)
'
■
June
income
income
12
carried
deducting
months
to
earned
Net
ry.
oper.
income
1,650,000
660,749
debt
ended
retirement
March
the
1,408,107
1,822,196
Other
$3,744,663
206,680
-
■
$2,410,772
1,561,670
$3,781,160
106,796
Total
Misc.
income
deduct,
from
$3,951,343
;
18,770
5,903,432
1,941,229
1,018,763
1,190,556
834,142
1,336,000
similar
also
directors
The
1,124,001
retirement
$4,344,733
$4,125,651
; n
revenues,
credit
and
credits
$306,800
Statement, 12 Months Ended
$43,192,157;
operating
of
for
March
expenses,
$398,360
months
12
31, 1914
$18,797,191;
Federal normal and
surtax,
$468,660 for debt
State income taxes,
deducting
post-war refund,^,217,940;
income, $8,413,270;
appropriation for contingent
subsidiary, $500,000; net income,
deductions from gross income,
$3,812,173;
on investment in
transportation
losses
$4,101,097.—V.
158,
2089.
p.
distribution
declared
5%
the
preferred
this
on
1943.
No
issue
other
on
The corporation has called for
common
of
quarterly dividend of $1.25
$100, payable July 1 to
$250,000
of
at
usual
stock,
made
was
30,
\yisconsin Public Service Corp.—Bonds Called—
106
interest.
Bank
and
of
the
Its
"
redemption as of July 1, 1944, a total
first mortgage 3 (4 % bonds due 1971
outstanding
Payment
will
be
made
at
the
Chase
National
City of New
York, 11 Broad St., New York, N. Y., or at
Savings Bank, 115 West Monroe St., Chicago, 111.,
or at the First Wisconsin
Trust Co., trustee,
Milwaukee, Wis.—V. 159,
p. 682. .4.
■'
par
the Harris Trust &
159, p. 52.
on
May 26 declared
dividend
a
stock
to clear up accumulated
will be payable June 10 to
payment was
a
of
$3.60 per
dividends
holders
quarterly of 15 cents
share
i'.\"
record
June
Gross
Net
6.
outstanding
by lot.
of
May
26.
149,276
The
The record
shares
132,707
date
of
shares
for
the
preferred
to
stock
1942
$2,857,198
737,209
1,113,979
income--
oper.
1943
$2,485,907
1941
$2,461,125
1,149.591
redeemed
503,521
280,905
505,566
856,860
11,656,994
12,367,622
9,308,728
4,404,791
5,051,962
4,361,177
1,601,485
2,354,638
3,347,450
372,307
;
from
Net
ry.
—-v.
unre¬
be
called
will
income—
oper.
159.
1903.
p.
A,.
5,165,167
1,479.651
724,441
^
,
June
is
be
6,
1944.
York
-
$1,481,852
,
be
to
stock
railway
railway
railway
Net from railway
$1,393,427.
were
selected
14,074
Gross
*'■
•
,,
From Jan. 1—
1
as
ry,
•
1944
from
from
Net
on
'
•.
Mississippi Valley RR.—Earnings—
April—
on
through March
of
•'
•'
Yazoo &
the
There
$4,514,423
22,205
post-war
and
500,000
$3,992,101
$736,000; provision for depreciation, $4,409,435; net
operating revenues,."*
$7,959,684; non-operating revenues, $453,586; gross
directors
with
•,?-0169.689
...
2,391,636
April 1, 1938.
also voted to redeem
preferred stock in accordance
mandatory provisions of the certificate of incorporation on
at $10.50 per share plus accrued dividends of that date.
The
requirements of the redemption provision amount to
$3,220,732
.153,209
22,332
inc.
A
The dividend
The previous
■
$3,972,442
$3,947,956
6,985,457
3,845,313
and
194'4
'
31,
taxes other than income
taxes, $4,498,907;
$2,573,000; Federal excess profits, after
May 25 declared a dividend of 50 cents per share
stock, no par value, payable June 30 to holders, of
the
on
deemed
1
8,808,564
2,733,044
16.
preferred
31.
'
-
$1,958,964
Operating
500,000
$4,067,821
,
2,425,000
' •
-
229,628
Willys-Overland Motors, Inc.—To Pay Accrued Divi¬
dends—Preferred Stock to be Redeemed—
403,812
.
1,712,200
4,775,000
_-
1,809,980
income
2,517,481
$4,492,101
surplus—
31, 1943.
325,303
holders of record June 20.—V.
Aug.
,
2,520,603
$4,567,821
————;
for
Consolidated Income
:
*
474,597
$1,934,683
rents
$7,009,582
on
directors
share
The
•
-
824,343
201,244
7,819,544
income.
common
The
$5,693,400
681,273
540,608
.
998,582
320,268
3, last, and on June 30 and Sept.
payments were made in 1943 or 1944.
;
5,440,000
-
Ry.
v.
742,945
'
1,645,625
(Note)
1
Net
-
$7,703,842
$1,349,329
1903.
p.
directors
record
cap.
—
tax
.
604,969
taxes
Excess prof,
•
$9,667,517
798,656
—
Unemployment
H
$10,423,933
opers.
and
local
taxes
ry.
$2,087,038
662,838
railway
oper.
the
per
rev.
$2,237,140
Jan.
Calendar Years—
1943
1942
1941
1940
Railway oper. revenues. $26,128,224 $24,241,702 $21,221,641 $16,997,566
Railway oper. expenses
15,704,292
14,574,185
13,517,799
11,304,166
Net
1,326,633
j$7,088,424
income—
gross
Income
ended March
1941
268,359
....
income..
railway
159,
The
on
,
1942
Western Tablet & Stationery Corp.—Dividends—
2241.
p.
Wheeling & Lake Erie Ry.—Annual Report—
$1,978,026
.
railway
oper.
Net
16,172,335
6,219,721
:
railway
1943
From Jan. 1—
' '
'
railway.
railway
159,
ry.
$1,686,882
1,643.846
from
Net
1941
$3,666,868
2,173,265
574,775
From Jan. 1—
Gross
Net
1942'
1943
$4,681,363
1944
:
from
Net
railway
income..
$5,682,949
1,323,016
contingent losses on invest¬
transportation subsidiary—
in
"After
Gross
railway..
oper.
2,797,454
—_
______
from
Balance
Appropriation
120,260
18,228,106
loss, balance—
Earnings For Month
April—
Net
505,400
2,857,443
—
income
Deductions
$1,999,066
Western Pacific RR.—Earnings—
from
1,611,100
596,400
$5,765,409
——
"
from
..I———
2,761;300
1,587,000
657,000
...
April—
Net
3,483,377
1,862,500
—3,585,240
taxes..——.,
depreciation—-——
operating
Gross
2,435,834
1,799,000
through inc. & surplus
through income & surplus
profits tax, estimated
excess
r_—i
159, p.-1808,
Gross
3,205,860
surtax
profits
1943
1,103,687
charges——
Total
—V.
income
and
tax.
for
Non-operating
348,657
14,172,022
property
retired
income
l
229,799
15,759,071
surplus
and
7,648,145
142,679
229,142
than
excess
Provision
3,103
...
Post-war refund of
Unearned
State
8,629,276
31
$32,825,390 $29,458,030
14,952,538
12,616,450
105,272
liabilities-^
to
debt
17,412
3,428
accrued
liability
Statement-
;
expenses
normal
38,402
104,365
revenues
other
Federal
"Federal
—.
liabilities
Taxes
36,051
Unadjusted credits
$2,988,758
28,543
tax
Additions
Net
;
unpaid
interest
current
Deferred
Dr60,653
rents
matured
Power—Income
1944
Operating
Operating
1,430,053
accounts
matured
Dividends
$5,001,569
2,041,000
$5,022,068
2,511,000
Electric
Earnings (Companly Only), 12 Months Ended March
10,213,958
...
J.
accounts
Miscellaneous
Interest
$1,154,263
operating revenue
payrolls for the period were $18,454,777, an increase of 18%
the same period last year, while
average
monthly employment
14,176.—V. 159, p. 1903.
Wisconsin
33,772,300
"
Net
Total
11,609,300
10,213,958
33,772,300
...
Long-term debt
Audited
11,609,300
cumulative
stock
,
President.
1,689
121,950,567 120,849,424
cumulative.....
pointed
Payrolls Expand—
1,503,378
receivable
——
outlook
A new peak in
employment and payrolls has been reached by this
corporation in fulfilling its war contracts during the first six months
of the
1944 fiscal
year
for "Jeeps," shells, aircraft assemblies and
other armaments, it was announced on
May 29 by Ward M. Canaday,
457.577
1,428,869
...
stock, 4%
Preferred
1944—Month—1943
1944—4 Mos.—1943
$3,021,879
$3,009,729 $12,627,241 $12,097,371
1,867,616
1,793,638
7,605,173
7,095,802
revenues-—
Operating
and 4 Months Ended April 30
347,562
assets
debits
present
5,205,360
2,408,042
...
lien
Common
Earnings For Month
6,000,000
conductors..
assets
2349
backlog of orders in some departments has increased materi¬
ally," Mr. Canaday said, "while cancellations of war contracts have
been negligible In volume."
Liabilities—
Prior
;
accounts
&
■
"The
'
Total
24,339,991
agents
dividends
current
Unadjusted
18,926,528
22,287,141
27,728,773
•
-
——
$
(Dr)
supplies
and
Deferred
from
rec.
and
Interest
balances
i
company was formed in 1936, and that the
to a continued high volume of
operations.
1942
105,669,733 107,413,054
3,680,443
2,441,433
■—
...
car-service
balance
Material
2,017
1,487,043
Net
and
Miscellaneous
4,001,545
457,941
37,064
liabilities————i—w—--——36,592
Deferred
,
2,232
„
liabilities
current
Traffic
5,035,474
—
—
liability™,
31
Temporary cash invest.—U. S. Treas. tax notes
Special deposits
32,906
382,082
1,834
518,043
——
...
Cash
1,118,431
1,092,996
—
Dec.
$
Investments
66,163,866
bonded and secured
and
Sheet,
1943
425,742
-——
debt
—63,017,866
payable—,
1,945,474
Audited accounts and wages payable
1,176,549
Miscellaneous
accounts
payable
39,309
Interest matured unpaid™-—_
335,939
Dividends payable, first preferred stock—
2,898
Unmatured interest accrued———
495,417
Mortgage,
Traffic
Balance
Assets—
*
Corp.—Dividend No. 2—
■
"1
-
Income
available
fixed
charges
Fixed charges
Inc.
bal.
"
'
'
Preferred
f
for
....
$3,925,624
551,356
542,443
$4,103,446
549,169
$4,500,348
540,719
any
New
Note—Allowance
has
$3,390,129
been
$3,374,269
made
for
$3,554,277
estimated
$3,959,629
post-war
credit
of
time
York
City,
Republicans Plan 50% Post-War Tax Reduction
goal of
a
50%
overall tax
reduction
Associated Press dispatch from
After
a
a
is
now
from American taxpayers.
prospective post-war budget
variously at from
$18,000,000,000 to $22,000,000,000.
"A reduction in present taxes
should be evolved to bring down
the burden of taxation to approxi¬
mately post-war budget require¬
year
the
said
a
an
May 17, which added:
(R.-N. Y.), the
basis
of
the
maximum
duly
problem
revenues
burdening
and
is
raise
to
without
un¬
stifling
in¬
dividual and business enterprise."
How and where the reductions
should
be
distributed, Mr. Reed
if taxes
Cleveland Foundation $227,946.
are
tions
to
community
during the
of
ume
The most sizable vol¬
new
program.
committee
is
made
up
Foundation.
The
.
resources
'
.
of
■
-
circles expect its work to have
reported
$367,610
Chicago
Community
gifts,
a
!
trusts.
year.
Of
(111.) Foundation
1943, 29
aggregate
community trusts in the United States
the
summary
New York
of
a
Community
$56,036,144. According
announcement, community foundations in Chicago and New
York remain the largest of such organizations.
The former reported
gross holdings of $10,846,070, in-^
eluding $2,500,000 in deferred as¬ Winnipeg Foundation, $3,543,210;
sets, and the New York Com¬ and Indianapolis Foundation, $2,munity Trust .had funds
of 587,000. It is added:
$10,658,917, all available. Next in
"Disbursements by community
the
nent
the Cleveland Founda¬
$8,362,173;. Boston Perma¬
Charity
Fund, $5,936,736;
trusts
will
An
last.—V.
Co.,
reached " an
aggregate of
$1,739,619 in. 1943, compared with
$1,725,095 in 1942.
Last year's
on
the
on
20.
159,
May
p.
years
of
the
were cre¬
after the
first
es¬
commu¬
resources
of the report¬
ing agencies passed $40,000,000 in
1934
and
$50,000,000 in 1939 and
declared
26
capital
initial
stock,
All
of
have
the
been
Payment
outstanding
called
will
for
be
New
To
date
of
the
the
"Combined
Cleveland
Foundation
"Composite
New York
handling
are
Fund"
Fund"
in
the
and
the
within
the
Community Trust for
smaller unit gifts than
usually acceptable
cial institutions
as
to finan¬
separate funds.
2)
of
made
15
holders
of
cents
record
Jan,'4,
on
into
Each
each
common
due
Sept.
1.
/
1948,
July 1, 1944, at 101 and int.
Guaranty Trust Co., 140 Broadway,
debenture
is
shares at
common
debentures for
the
at
debentures
of
as
convertible
the
rate
of
on
before redemp¬
principal amount
or
$713/7
share.—V; 159,
p. '2241,
l
•.
•
•
•
Are Essential
Support Oar American Life Under Freedom
Upon the occasion
on May 24 of the
presentation to him of the
gold medal awarded by the Institute of Social
Sciences, Bernard M.
Baruch dwelt in his speech of
acceptance on many of the happenings
in the country's
progress and those had had a part
therein, incidently
stating that "only the other day I was jolted with a realization of how
young this country is when I recalled that I have lived
nearly half
of the
time this Government has<8>———
been in existence."
In his remarks Mr.
try of
all, this coun¬
makes it possible for
ours
every man to work out his salva¬
tion
in
"Free
his
rock in
to be
foundation of
our
eco¬
itual structure." In concluding his
address Mr. Baruch took occasion
to
declare
that
charge
posed
and
way"—adding
own
enterprise continues
"this
the
on
our
a
life
that
American
against
strong
learned.
It
through
the
has
been
crucible
of
under
pursuit
freedom,
standing
and
are
of
Spiritual
our
standards,
purposes
and become
Unless
we
it
are
plain
able to
force.
Never
to be unprepared,
presentation
was
made by
of
the
medal
at
sides Mr. Baruch
the
~
were
dinner
Mrs.
be¬
Henry
P. Davison, a member of the Cen¬
tral Committee of the American
we
swerving,
maintain, without
moral
—
with
reason
are
we
Waldorf-Astoria. Other recipients
pillars
which support our American life.
These pillars are:
"First:
make
Gen. George C. Marshall at a din¬
ner
of the Institute held at the
con¬
happiness,
keep
four
strong
to
thousands."
experi¬
must
we
Military—We must be
resulting in the needless deaths of
filtered
to
end..
and all that
The
the people,
not embittered by
must constantly seek
enough
one
back
have
I
hap¬
from
is
we
"Fourth:
to
lesson
readily
more
our
own
conditions,
help the rest of the world to
same
to
the
im¬
improve
and
the
earth, of which we are a part, is
living on, worth fighting
for and worth dying for."
"My final words," he said, "have
with
Economic—Since
flows
hardship,
to
responsibilities
by our Americanism
humanity.
us
"Third:
piness
worth
do
—
"Second: Educational—We
must,
equip our minds to better dis-'
Baruch ob¬
served that "above
"If we,
tinue our
development of
(No.
to
was
15
amount
convertible 4%
redemption
made
York, N. Y.
tion
approximate $18,000,000.
ministrative
July
like
1903.
ence:
past year was the inauguration of
of
Youngstown Sbeet & Tube Co.—Calls Debentures—
1
their cumulative grants since 1930
An ad¬
dividend
a
payable
distribution
nomic philosophy, but there is a
the Duluth larger free enterprise in our spir¬
these,
.
21 by
and
directors
share
per
June
Baruch Cites Four Pillars
a
Community Trust and the Cenated in
•
Trust
"The survey reflects data from
74
platform this
Their funds at the close of 1942 totaled
were
in
Charity Fund $244,484.
tralia
$57,135,194, according to the
year-end survey published May
tion,
Haven
new
definite bearing on the tax plank
to be written into the Republican
excessive.
and Canada have risen to
size
New
Foundation
of
Republicans, and political
Community Trust $57,135,194
.
to
was
by the Philadelphia
nity foundation in Cleveland. The
Resources Of
Trust.
funds, $436,740,
recorded
tablishment
Charitable
founda¬
totaled $2,-
year
nent
The
&
Ohio
Trust $246,000 and Boston Perma¬
House
cannot be maintained (after
war)
Toledo;
mittee's
•
the
Co.,
said, constitutes one of the prime
objectives of the Republican com¬
present
estimates, that would mean a tax
reduction of approximately 50%.
This prospect may change but for
the moment it is our goal.
"A high level of national in¬
come
Trust
The
may holdings Into
for conversion at
Bank
Charity Fund appropri¬
ated $249,653, the Chicago Com¬
munity Trust $228,525, and the
016,582.98.
Thus,
their
shares
Chemical
manent
"Gifts
'-♦>—
estimated
On
May 17,
exacting approximately $46,000,000,000
Our
ments.
on
ends,
war
Toledo
the
largest distribution, $550,816, was
made by
the New York Com¬
munity Trust.
The Boston Per¬
statement which said:
"The Government
is
the
on
Committee meeting, Representative Reed
Chairman, issued
a
when
Washington,
the
convert
preferred
agents,
announcing the board's action, Ward M. Canaday,
President, said
that the management has consistently
sought to achieve a strong
financial structure through
the. elimination of long term debts and
other claims to-assets and income ahead of the common
stock.
He said tha.tr Willys prpductfom is &t the
highest peak since the new
1943 and $530,000 for 1942. of which $325,000 for 1943
and $152,000
for 1942 are applicable to reduction of tax liability
through retirement of debt, leaving $279,000 and $378,000, respectively,
for which bonds will be Issued by the United States Government.
Republican Post-War Tax Study Committee set
and
to
their
transfer
In
,
$604,000 for
The
the
desiring
present
may
with
receive in exchange for each preferred share
VA shares of common
stock plus an amount equal to
unpaid preferred stock dividends which
will accrue prior to Aug. 1, 1944.
transferred
to profit and loss—
stockholders
stock
common
$3,932,572
our
Red Cross for 20 years until 1942,*
and James G. K. McClure, Presi¬
ideals
and
dent
our
will
empty.
lose
since
1920
of
the
Farmers
nobility Federation, Inc., and organizer of
I
the "Lord's Acre Movement."
2350
11999013254.
THE COMMERCIAL & FINANCIAL
United States
11199922430876
January
Earnings of the railroads of the United States for the month of
January continued the trend of the past several months, of sharing
larger gross earnings over a year ago but smaller net earnings, due
to higher operating costs.
Gross earnings in January are smaller
than those reported in December and below the all-time high of
$800,232,157 reached in August, 1943. Net earnings in January, while
higher than in December, were also below the record figure of $332,944,921 attained in August, 1943.
January, 1944, were $740,671,564 as compared
$671,322,168 in January, 1943, an increase of $69,349,396, or
10.33%. As the ratio of expenses to earnings increased to 68.05% in
Gross earnings in
with
January, 1944, from 63.18%, in January, 1943, net earnings were
$236,658,766 in January this year from $247,146,242, in
January a year ago, a decrease of $10,487,476, or 4.24%.
We now
give in tabular form the results for the month of January, 1944, as
compared with the month of January, 1943.
lowered to
Incr. (+) or Deer.
Operating
of
Ratio
$236,658,766
589
229,385
$671,322,168
424,175,926
(63.18%)
$247,146,242
—
expenses
..
.
roads...—228,796
$740,671,564
—.—
504,012,798
expenses to earnings
(68.05%)
of 132
earnings
Milage
Gross
Amount
1942
1943
—
(—)
%
0.26
$69,349,396
+10.33
79,836,872
+18.82
earnings
in groups or geographical divisions,
When the roads are arranged
region. In the case of no net earnings all regions in the Eastern and
Southern districts record losses while in the Western district every
region records increase although small, the highest being 3.02% in
*the Northwestern region. The greatest loss is in the New England
Commerce Commission.
Interstate
and regions
are
boundaries of the
The
SUMMARY
GROUPS—MONTH
BY
OP
11199943332827
38,128,677
England region (10 roads)
region (23 roads)—...
roads)
Inc. (+) or Dec.
24,421,550
26,179,750
(—i
$
$
%
+
1,758,200
Great Lakes
119,754,690
107,807,286
+
11,947,404
Central Eastern region (18
142,440,959
133,654,770
+
8,786,189
+
6.58
288,375,399
265,883,606
+
22,491,793
+
8.46
7.20
+
+11.09
307,961,074
999012201830467—
.
294,002,791
469,784,542
469,195,808
500,816,521
501,497,837
467,887,013
1925——
483,195,642
480,062,657
484,022,695
109,150,743
103,554,098
+
5,596,645
+
5.41
36,537,678
—
roads)
(4
33,387,979
+
3,149,699
+
9.43
—
roads).
(30
145,688,421
136,942,077
+>! 6.38
8,746,344
+
Western District-
Northwestern region (15 roads)——
Central
Total (50
Total
69,675,487
8,699,657
166,958,327
143,851,973
23,106,354
69,973,930
63,668,682
6,305,248
268,496,485
+
38,111,259
+14.19
740,671,564
671,322,168
+
69,349,396
+10.33
(15 roads).
region (20 roads)
roads)—
all
60,975,830
306,607,744
Western region
Southwestern
districts
(131 roads)
+ 14.27
+ 16.06
9.90
+
-Net Earnings—
District and Region
Eastern DistrictNew
1944
Mileage—
1944
England region..
Great
1943
1943
$
Incr. ( +) or Dec. (—)
$
$
6,596
6,602
6,882,301
8,386,879
Lakes
region.. 25,591
25,770
32,085,715
35,123,144
East,
region. 23,939
24,044
33,938,980
38,096,651
56,126
56,416
72,906,996
81,606,674
Central
248,477
3.95
240,040
248,238
239,882
232,655
232,710
232,511
6.61
232,492
231,513
235,395
234,236
235,678
235,627
238,698
235,886
—
75,303,279
+ 105,816,364
+ 26.79
33,610,824
—
+
3,960,036
+
6.70
—
15,866,417
+
—
232,210
+ 25.90
—16.05
33,226,587
—
467,329,225
1926
+ 15.29
—
+ 101,778,760
395,000,157
235,498
3.40
236,149
0.82
■236,944
236,105
1.28
237,846
236,590
239,476
238,808
—
+
485,961,345
479,841,904
1928—
456,560,897
486,722,646
1929
486,201,495
457,347,810
+
28,853,685
1930.—.
450,526,039
365,416,905
274,976,249
486,628,286
—
36,102,247
450,731,213
—
85,314,308
365,522,091
—
90,545,842
—24.77
244,243
242,365
1933—
228,889,421
274,890,197
—
46,000,776
—16.73
241,991
1934.
226,276,523
+
31,443,332
+ 13.90
1935
257,719,855
263,877,395
241,881
239,444
257,728,677
6,148,718
2.39
238,245
239,506
1936—
298,704,814
263,862,336
34,842,478
+ 13.20
237,078
238,393
298,664,465
1927—
993410
6,119,441
30,161,749
6.20
—
240,417
6.31
240,833
7.42
242,350
242,175
—18.93
242,677
242,332
+
—
+
241,337
32,303,592
+10.f(2
278,751,313
330,959,558
52,208,245
—15.77
235,422
236,041
305,232,033
278,600,985
26,631,048
+
9.56
233,824
234,853
305,232,033
39,486,247
+ 12.94
233,093
233,820
31,769,210
+
330,968.057
—
1939——
344,718,280
236,857
235,990
376,628,399
344,859,189
232,431
232,825
480,688,115
671,334,151
376,530,212
+
104,157,903
+ 27.66
231,638
232,441
480,688,115
+ 190,646,036
+ 39.66
229,693
231,644
740,671,564
671,322,168
+
69,349,396
+ 10.33
223,796
229,385
9.21
%
1,504,578 —17.94
3,037,429
—
8.65
4,157,671 —10.91
Total
—
10.66
8,699,678
Southern District—
Southern
region
37,386
region-
_
Total
37,470
41,583,245
44,525,379
6,002
6,025
15,356,771
15,970,537
43,388
Pocahontas
43,495
56,940,016
60,495,916
„
2,942,134
6.61
613,766
—
3.84
—
3,555,900
—
5.88
Western District—
Northwestern
region. 45,641
45,455.
18,996,545
18,440,621
+
555,924
+
3.02
region 54,971
55,226
58,671,864
58,272,576
+
399,288
+
0.68
region. 28,670
28,793
29,143,345
28,330,455
+
812,890
+
2.87
+
1,768,102
+
1.69
West,
Central
Southwestern
Total
129,282
129,474
106,811,754
105,043,652
dfstricts_.228,79G
229,385
236,658,766
247,146,242
.
Increase
Year
of
Preceding
$49,900,493
$40,841,298
56,393,506
50,062,699
+
50,946,344
53,280,183
—
52,960,420
—
45,496,387
+
j
(+) or
(—)
all
Note—Our
Commerce
groups
of
grouping
Commission,
and regions;
the
and
roads
the
conforms
following
to
the
indicates
—
classification
the
confines
10,487,476
of
of
the
the
—
4.24
+
$9,059,195
6,330,807
2,333,839
+
22.18
+ 12.65
—
4.38
*
45,940,706
-
7,019,714
18,781,777
64,277,164
—13.25
12,451,572
'
913
--19.10
+ 41.28
65,201,441
—
52,473,974
—
51,552,397
+
27,347,413
+ 53,05
87,748,904
79,069,573
+
8,679,331
+ 10.98
918
17,038,704
83,475,278
—
36,222,169
85,908,709
36,099,055
28,451,745
88,803,107
57,421,605
28,331,956
93,279,686
58,266,794
83,953,867
101,022,458
93,366,257
926..
102,270,877
83,680,754
101,323,883
99,428,246
102,281,496
93,990,640
99,549,436
*52,749,869
51,582,992
914.
915
-78,899,810
917—
v.
-
13,881,674
890,982
—
+ 160.94
+137.99
—67.96
+ 102.67
+ 60.09
35,012,892
9,412,390
—10.08
17,341,704
+
—
5,558,796
—
117,764,570
—
94,836,075
—
45,940,685
72,023,230
—
45,603,287
45,964,987
—
62,262,469
44,978,266
+
51,351,024
62,258,639
—
936
67,383,511
51,905,000
+
77,941,070
67,380,721
+
46,633,380
77,971,930
939—,
72,811,019
46,609,996
+
88,052,852
108,463,461
72,810,660
+
15,242,192
88,299,414
+
20.164,047
__
942—
131,949,179
+
Interstate
different
Great Lakes
England
and
from Chicago
Region—Comprises the section on the Canadian boundary between New
the westerly shore of Lake Michigan to Chicago, and north of a line
via Pittsburgh to New York.
Central Eastern Region—Comprises the section south of the Great Lakes
Region east
a line from Chicago through Peoria
to St. Louis and the Mississippi River to the
of the Ohio River, and north of the Ohio River to
of
mouth
Parkersburg, W. Va., and
line thence to
the
southwestern
corner
of
a
Maryland and by the Potomac River to its
mouth.
of
the
Region—Comprises
the
section
east
of
spring work on the farms
and have already necessitated ex¬
tensive changes in cropping plans.
In a large central area the rains
cold weather have
Mississippi
River
and
south
Ohio
River to a point near Kenova, W. Va., and a line thence following the
boundary of Kentucky and the southern boundary of Virginia to the Atlantic.
eastern
Pocahontas
Region—Comprises the section north of the southern boundary of Vir¬
ginia, east of Kentucky and the Ohio River north to Parkersburg, W. Va., and south
of a line from Parkersburg to the southwestern corner of Maryland and thence by the
Potomac River
to
its
mouth.
of crops that can
be
planted.
Just
what
crops
farmers will plant in such areas
hard
wild
evaluate
to
ducks
Northwestern
Region—Comprises the section adjoining Canada lying west of the
north of a line from Chicago to Omaha and thence to Portland,
and by the Columbia River to the Pacific.
west
of
Western
a
from St.
Region—Comprises the section south of the Northwestern Region
line from Chicago to Peoria and thence to St. Louis, and north of a line
Louis
to
Kansas
City and thence to El Paso and by the Mexican boundary
to the Pacific.
Southwestern
Region—Comprises
the
section
lying
between
the
Mississippi
River
j5outh of St. Louis and a line from St. Louis to Kansas City and thence to El Paso,
and by
the Rio Grande to the Gulf of Mexico.
In
mary
conclusion, we now furnish in the table which follows a sum¬
of the gross and net earnings of the railroads of the country
in comparison with each year back to 1909 in¬
for the present year
clusive:
this
time
Corn Belt
planters should be running. Some
Southern
were
States,
where
farmers
plant¬
month's
far behind with cotton
on May 1, have had a
rainfall in the last 10 days.
ing
15,478,511
10,560,349
26,201,023
seeding had made excellent prog¬
ress
by May 1, but some areas
will
need
rainfall
more
best
for
equipment will enable those who
it to make rapid progress
have
the
late
start
of
field
work
great increase in the
plowing and planting that must be
a
done in the next few weeks.
usual
called
gencies
to
The
of labor that could
reserves
help
are no
try it
115,183,651
out
in
much of the coun¬
accomplished. only
permits and
be
can
the
weather
where
the
tractors
can
emer¬
longer to be found.
ord number of cattle
on
and the late start of
new
States
most
serves of
hay
the farms
grass
in
exhausted
have
re¬
whole
a
farms.
On
on many
the lowest since
were
the drought
spring of
—
10,487,476
where
general rains give assur¬
a good growth of grass in
pastures and hay fields when the
weather warms up enough to per-^
mit growth. With fair rains dur¬
ing the rest of the season another
good hay crop may be expected in
practically all States, with pres¬
ent prospects least promising in
California, Montana and the Dakotas.
A good hay crop is im¬
portant this year because the rec¬
of
1
23,649,302
+
—
be expected. In
be
kept
working night and day. This will
require not only long hours of
labor on the farms, by young and
old, but also will require com¬
parable efforts by those whose job
it is to bring supplies to the farm
front. The battle during the next
few weeks seems likely to be the
toughest the farmers of this coun¬
try have ever fought. Up to May
1 the battle against the weather
has been an uphill fight in the
States that normally produce
whole farm¬
to have finished less
spring work by May 1
than in any season in many years.
If
the
weather permits,
power
be
largely in areas where
grain did not sprout last fall,
is estimated at 662 mil¬
lion
bushels, not far from thh
average
production
since
the
drought years. The principal
spring wheat States have had a
rather dry
planting season and
the crop
—
17,284,203
10,907,615
three-fourths of the nation's crops.
appear
their
but
DISTRICT
Great Lakes Region,
Central
at
still
paddling
fields where corn
are
around in many
means
WESTERN
continued
May and threaten to reduce
the total acreage
of
lion acres,
period ending in the
1937, and feeding will
—36.21
continue unusually late into May0.79
because
of
the
generally cool;
+ 3k43
weather of March, April and early
—17.52
+ 29.82
May apd the resulting delayed
+ 15.67
growth of grass in pastures and,
—40.19
ranges.
Looking
ahead a few
+ 36.21
weeks, pasture prospects appear
+ 20.93
+ 22.84
good to excellent rather generally
+ 21.84
except in the areas where the
+ 87,29
rainfall has been too light, chiefly
4.24
the Pacific Coast States; a norths
ern
strip extending from North
Dakota
westward, and a strip
along the Mexican border from
—24.13
26,082,545
361,700
+
131,949,179
247,146,242
with
ers
the
expected to total six mil-
doned is
the
as
country the widespread rains of April
improved prospects for crops, pastures and ranges,
said the U. S. Department of Agriculture in its general crop report
as of May 1, issued on May 10.
The report in part is as follows:
Prospective winter wheat production is 60,000,000 million bushels
greater than it was a month ago. In the eastern half of the country
the too frequent rains have been<&
favorable for hay crops and pas¬ these conditions a full acreage of
tures but have seriously interfered crops in all sections can no longer
In the country as a
SOUTHERN DISTRICT
Southern
rains
spring
dry,
were
May 1 hay stocks in the country
In the western half of the
for in the heart of the
England Region—Comprises the New England States.
winter k
have given winter grains a good
start.
Although the area aban-r
5.58
Agricultural Department General Crop Report
As Of May I
is
EASTERN DISTRICT
New
aged about 200,000 acres of wheat
in
Missouri
and Illinois but in
most States where the fall and
2.79
—19.53
31',338,550
108,299,877
247,132,860
236,658,766
0.93
+ 25,04
23,578,213
23,005,176
22,883,171
94,151,973
94,75a,394
71,952,904
+ 20.72
,
946,994
2,853,250
—
1.70
—79.59
66,436,574
22,340,495
49,809,654
60,351,362
29,089,649
+
117,730,186
into
sponsible for the improved winter
wheat prospects.
Improvement
was particularly marked in Texas
and Washington where the crop
was buffering from drought in late
March. Floods destroyed or dam¬
ance
Decrease
Year Given
912..
and
Total
and in the
largely re¬
The
substantially
—
:
yields.
-Net Earnings-
935.
Total
247,159
+ 39.21
11,608,126
+ 111,420,819
503,011,129
393,892,529
40,845,785
—
392,927,365
494,706,125
1921.^..
46,840,040
+
267,115,289
932—
(26 roads)—
region
246.958
247,620
—
+
284,131,201
1922—
931a.
Southern District—
Pocahontas region
234,469
246,959
—
16,598,551
—
220.203,595
938—11
Total (51 roads)
Southern
243,732
7.01
16,884,807
—
236,880,747
922..
Earnings
1943
$
Eastern District—
New
JANUARY
-Gross
1944
6.76
+ 21.27
+
925.
different
indicated in the footnotes to the table.
District and Region
235,179
229,204
919—
region fwhere a decrease of 17.94% is recorded. As previously ex¬
plained, we group the roads to conform to its classification of as
groups
235,607
208,535,060
January
record
Pacific Northwest are
+ 18.28
—
267,043,635
gains in gross, the increases ranging
from 5.41% in the Southern region to 16.00% in the Central Western
districts
southern Plains States
239,402
+
2,440,307
Month
these
225,941
237,888
4,982,454
282,394,665
395,552,020
;
according to their location, it is seen that all of the districts—Eastern,
Southern and Western as well as all its different regions grouped
under
225,292
225,862
1.15
26,424,228
+
—
249,958,641
\
during April both in the
Wheat Belt of the
Winter
2.50
+ 14.61
+
199,186,255
233,073,834
general tendencies can be meas¬
ured at this time.
main
213,145,078
220,282,196
-
219,515
222,456
5.41
+
204,168,709
1940
4.24
$10,487,476
—
$9,286,841
210,704,771
246,663,737
—
Year,
Preced'g
Monday, June 5, 1944
•
Rains
+
$181,027,699 $171,740,858
180,857,628
207,281,856
1941..
Net
f—Mileage——.
Given
Dec. (—)
Preceding
Given
Year.
Inc. ,( + ) or
Year
Year
of
:i
.
-Gross Earnings
Month
Gross And Net Earnings Of
CHRONICLE
After the wettest March in
more
than 20 years the farming areas of
the country have had 45% more
In the
south Texas into Arizona.
latter two
much will depend
areas
late
spring and summer rains.
Owing to these local shortages of
on
rainfall
late
the
on
and
condition
May
1937
1
of
Western
the
was
have
been
ranges,
since
calves
above
and
areas;
lowest
of
losses
and
lambs
cold weather
to
in other range
storms
and
average:
Range cattle and sheep have also,
shown some loss of weight in re¬
cent weeks.
In the Corn Belt the
cold
weather
able
for
has
unfavor¬
been
early pigs and for milk
and egg
production.
Winter
oats
in
the
South
and
such
spring
oats as
could be;
planted at the proper season have
been helped by the spring rains
but about half of the oat crop is
usually produced in States where
wet weather has reduced, or de-J
layed, plantings this spring.
stead of the 8%
In-:
increase in acre-'
age
planned
by
farmers
two;r
months ago the acreage planted
seems
likely to
be
smaller than;
that of last year and where plant¬
ing
late yield prospects have
was
been
were
Where
reduced.
farmers
unable to plant the intended
acreage of oats before the plant¬
in April,"
ing season ended, most of the
April excess as in land
will be used for crops which
1927, the year of the great Mis¬ can be
planted in May or June.
sissippi flood.* The April rainfall
From
than
normaT
about the
was
above normal in 38 States and
temperatures
in
about
central
the
rainfall
same
below normal
equal
an
and
Corn
were
had
times their normal
Some
portions of
area.
western
Belt
two
or
three
April rainfall
combined with temperatures rang¬
southward
Nebraska
thet
sorghums are
likely to be increased, with acre-*
ages
of
forage
sorghums, and'
acreages of corn and
sudan
somewhat
supplies.
From
limited
souri eastward to
meadows
and
by seed
and
Iowa
Ohio
some
Mis-,
hayt
h i c hThousands of farmers have found
ing from two to 6 degrees below
farmers had intended to plow will'
it difficult to plan ahead because
normal
for
"the
month.
Under
be. left but corn and soybeans are'
of uncertainties as to when they
these conditions the acreages
the crops that are expected to beor their sons may be affected by
the draft, and there are unprece¬ planted to the various crops will most extensively substituted for
dented delays and uncertainties depend more on the weather and the unplanted oats where farmers
in
securing
vices,
needed
supplies
repairs,
and feed.
ser¬
Under
on
when farmers
fields than
on
can
get into the
earlier plans.
Only
are
able
labor
to
and
pastures
meet
the
equipment
w
additional
require-
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4287
159
ments. In most of the South farm¬
ers
May
on
apparently
1
still
•there
may
„
be
shifting
some
to
•peanuts, soybeans, and other late
planted crops or some reduction
the
in
total
planting
.time.
crop
where
completed in
acreage
cannot be
•
,
The fruit crops are
still in dan¬
ger from late frosts in Northern
States but prospects for the coun¬
try as a whole seem substantially
better than, average for this time
of year. Vegetable crops for can¬
ning and processing have been af¬
fected
>
locally
unfavorable
by
planting condition and the acre¬
ages that will be grown are still
uncertain. Vegetables grown for
market show rather general in¬
the
and total pro¬
likely to be large.
A
record
aggregate tonnage of
spring-season commercial truck
crops was in prospect on May 1,
despite unfavorable weather in
many sections during April which
lowered
earlier indicated yields
per
acre.
On an acreage 20%
greater-! than that harvested in
is
and
6%
the
above
10-year
(1933-42) average, total tonnage
is expected to be 15% more than
lima
beans, snap beans, and carrots. Increases
over
last year of more
than Vz are indicated for water¬
except
crops
.
beets,. green
melons, cantaloups, and eggplant;
V3 to Vz for honeyball melons,
honeydew
melons
and
onions;
1/5 to lh for green peppers, to¬
matoes, lettuce, and cabbage; and
2 to 11% for asparagus, cucum¬
bers, cauliflower, shallots, spinach,
green peas, and celery.
The to¬
tal of air such
vegetable acreages
estimated to date
(winter, spring,
portion of summer and a por¬
tion of fall) shows an increase of
a
25%
age
over
the correspondnig acre-?
in 1943 and
above
an
increase of 6%
the 1933-42
average.
less
been
total for corresponding months
the
than
.
,,
The indicated 1944 winter wheat
.productiofi is 662,275,000 bushels,
one-fourth
larger than the 1943
/crop and 16% above the 10-year
(1933-42)
The acreage
remaining for harvest of 40,943,000 acres—is 1/5 larger than last
year and the largest since 1938,
The p r o s p e c t ive abandonment
1 from all causes is placed at 13.1%,
This compares with 15.2% indi¬
cated on April 1, 10.3% for 1943
and 19.5% the 10-year (1933-42)
average.
c •
\
.
,
.
average.
.
,
'
;
Precipitation since Jan. 1 has
replenished the soil moisture sup-
"tply and has offset to
t
tent
the
a
great ex-
deficiency of soil mois¬
seeding time last fall in
1 much of the great plains area. The
soil moisture supply was further
ture
at
•
•
.
improved during April over practically the whole of the winter
wheat
-
.
'
Abandonment,
area.
due
principally to dry soil conditions
at seeding time and failure of
] wheat to germinate
i survive,
failure to
been heavy in the
portion of the Southern
has
western
Plains
or
States.
Elsewhere
loss
of
is relatively light except
flooded areas in the Missouri
and Mississippi river drainage syst
acreage
; in
'
] terns. Sunshine andable
: the
temperatures
more season¬
are
needed if
present improvement is to be
maintained.
Frequent
.
spring
rains
-
.
;
over
much of the country resulted in a
rather
.
,
!
•
lush
A
shortage of soil moisture.
relatively large acreage in the
western Great Plains area,
where
germinate until
after late Jan. and Feb. precipita¬
tion occurred, now shows small
plant growth with irregular stands
wheat
•
development
and an improvement in the yield
outlook in practically all States.
Only in Montana is there any
material
;
plant
did
not
and the
outcome of much of this
acreage
is still in the balance. The
inability
to replace
some
of the
(Continued on page 2352)
April Business Indexes
Board of Governors
of the Federal Reserve System issued
monthly indexes of industrial production, factory
employment and payrolls, etc.
At the same time, the Board made
available its customary summary of business conditions.
The indexes
for April, together with comparisons for a month and a year
ago,
May
on
23
its
follow:
t
BUSINESS
1935-39
average =
100
for
volume
of
the
or
same
report went
during
started
work
all
Labor's
of
Secretary
$254,000,000,
lor
less than the
25%
months
three
the
"the total
say,
quarter of
first
A
1944 was
Federal
of dollars)
construction
254,101
.
97,921
.
residential
New nonresidential
92,330
f
change
81,612
225,380
92,594
127.045
—36.8
17,343
—34.9
60,241
and
63,850
repairs
5,741
4,028
+ 57.8
40,473
242
237
*239
239
236
*258
260
256
*257
258
*362
367
356
*362
366
356
*174
175
175
*171
171
173
*139
139
131
*138
133
127
*38
40
63
*43
40
—52.6
—29.8
Comparing Feb. and Mar., the figures show that a decrease of
of permits issued and Federal
construction contracts awarded for buildings in urban areas. How¬
though Federal contract awards fell off 26% in valuation, per¬
mits issued for private buildings rose 18%.
ever,
•Percentage change fromMarch 1943 to March 1944
Other than
Other than
Class of construction-^All construction
———.
residential.——__
nonresidential
—:
Total
Federal
Federal
Total
Federal
+ 20.5
+18.2
+
26.3
—12.1
+
39.3
+ 31.3
+16.2
+158.8
—27.4
+
6.9
—67.2
11.7
—20.2
+138.4
—42.5
50.2
+59.5
70.7
-38.6
+
7.6
+
1.2
Federal
+
—52.4
Additions, alteration and
repairs
„
+23.4
+31.4
+
»
Minerals—,
—
All otheF—;
_l__
were
a
year
18
39
58
98
*161.9
164.2
168.4
*161.2
163.7
167.7
225.3
225.8
*221.5
225.0
225.6
*114.8
116.0
123.2
*113.6
115.4
122.0
t
;
.-
324.5
309.7
t
454.9
430.4
t
196.9
Factory payrollsTotal
—-i.—
Durable goods
-
'
Nondurable goods,,
Freight carloadings
a
4
tDepartment store sales, value,
§Department store stocks, value
4Preliminary.
JA
in
the
revised
June
§This
tData
index
not
with
—
140
136
135
132
132
*140
154
128
♦140
143
133
87
t
103
90
building construction cover the entire urban
States, which, by census definition, includes all
incorporated places with a 1940 population of 2,500 or more and by
special rule, a small number of unincorporated civil divisions. The
yolume of privately financed construction is estimated from the
building permit data received from a large majority of all urban
places and these estimates are combined with data on building con¬
struction
contracts
awarded as furnished by Federal and State
on
of the United
All figures for the current month are preliminary. Upward
revisions in Federally financed nonresidential construction may be
yet available.
the
recomputed
to
carloading,
and
addition
contracts
awarded
during Mar. 1944 for the
following Federally financed projects containing the indicated num¬
ber of housekeeping units; Chambersburg, Pa., $419,900 for 172
units;
Evansville, Ind., $234,919 for 100 units; Indianapolis, lnd., $128,730
for 73 units; Inkster, Mich., $577,700 for 198
units; Muskegon, Mich.,
$330,000 for 100 units; Rittman, Ohio, $218,000 for 100 units; Kansas
City, Mo., $239,990 for 100 units; Tampa, Fla., $1,569,847 for 480 units;
"VVmslow, Ariz., $243,590 for 100 units; Caldwell, Idaho, $139,107 for
were
average
base,
department store
INDUSTRIAL
as
the base will appear
will
in
appear
the
indexes based
sales
June
on
PRODUCTION
(1935-39 average
=
100)
Without
Adjusted for
—Seasonal Variation—
-1944-
Seasonal
1943
Adjustment
1943
-1944-
Apr.
Apr.
Mar.
Apr.
214
209
*213
214
209
t
206
198
t
206
198
238
235
236
238
235
192
.-
Apr.
236
Iron and steel
Mar.
*213
Manufactures—
191
186
192
191
186
Pig iron___——_—.—-
549
Electric
MachineryAutomobiles
570
441
*447
*454
441
717
*785
*745
717
*234
206
*230
*234
206
t
286
259
t
286
259
*289
297
262
*128
129
Lumber-
*119
Furniture-———.,
.
Lumber and products.,
Stone, clay and glass products-
297
262
130
*127
124
130
119
121
*118
110
14.9
149
*146
149
149
*163
—.
*289
*146
Smelting and refining—
Plate glass—
*166
175
*160
*162
172
59
59
;—i
Cement
59
39
120
39
59
t
83
135
t
68
128
*128
142
*123
*124
138
*182
—
*194
204
*181
*187
202
*305
*306
313
*305
*306
313
*152
products.
Textiles and products
/
*126
.—
Clay products.—
Gypsum and plaster products.
Abrasive & asbestos
580
570
*454
*745
*230
..—
Nonferrous metals and products
t
549
580
*447
*735
—-—
Transportation equipment.—.
151
157
*152
151
157
166
151
150
166
151
*150
*197
191
181
*197
191
t
155
157
t
155
157
t
112
119
t
112
118
t
107
122
106
121
Cattle hide leathers——.
t
113
132
t
t
113
132
Calf and kip leathers—
t
79
91
t
77
Goat and kid leathers™—.
t
86
88
t
85
90
Sheep and lamb leathers—
t
155
166
t
150
162
116
117
Cotton consumption——
Rayon deliveries—
Wool textiles
;
•
Leather products
Tanning—
expected due to late notifications of contracts awarded.
"Principal centers of various types of building construction for
issued or contracts were awarded in Mar. 1944;
except projects which have been excluded because of their confiden¬
tial nature were: Hoboken, N. J., 4 piers to cost $450,000; Kearny,
N. J., 6 public utility buildings to cost $417,000; Allentown, Pa., 60
units in two-family dwellings to cost $180,000; Chicago, 111., 161 onefamily dwellings to cost $747,700 and 110 units in two-family dwell¬
ings to cost $453,800; Des Plains, 111., 68 one-family dwellings to cost
$342,000; Indianapolis, Ind., 61 one-family dwellings to cost $162,175;
Hammond, Ind., 38 one-family dwellings to cost $200,000; Detroit,
Mich.; 388 one-family dwellings to cost $2,080,150; Dearborn, Mich.,
44 units in two-family dwellings to cost $176,000; Pontiac, Mich., 1
factory to cost $152,013; Wyandotte, Mich., 51 one-family dwellings
to' cost $255,000, Melvindale, Mich., 34 one-family dwellings to cost
$165,000; Cleveland/Ohio, 104 units in two-family dwellings to cost
$501,500; Akron, Ohio, 1 school research laboratory to cost $750,000;
Euclid, Ohio, 21 one-family dwellings to cost $100,000, 192 units in
two-family dwellings to cost $960,000 and 6 apartments providing
108 units to cost $420,000; Garfield Heights, Ohio, 52 one-family
dwellings to cost $273,300; Omaha, Nebr., 90 one-family dwellings to
cost $340,400; Atlanta, Ga., 130 one-family dwellings to cost $393,800;
Memphis, Tenn., 82 one-family dwellings to cost $235,800; New Or¬
leans, La., 92 units in two-family dwellings to cost $224,900; Dallas,
Texas, 101 one-family dwellings to cost $154,574; Houston, Texas, 94
one-family dwellings to cost $318,658; Denver, Colo., 15 apartments
providing 114 dwelling units to cost $324,000; Pocatello, Idaho, 51
one-family dwellings to cost $205,000; Berkeley, Calif., 85 one-family
dwellings to cost $360,300 and 40 units in two-family dwellings to
cost
$120,000; Burbank, Calif., 304 one-family dwellings to cost
$1,276,700; Long Beach, Calif., 185 one-family dwellings to cost $571,450; Los Angeles, Calif., 600 one-family dwellings to cost $2,159,024;
San Diego, Calif., 128 one-family dwellings to cost
$547,400; San
Francisco, Calif., 171 one-family dwellings to cost $584,900; San
Leandro, Calif., 160 one-family dwellings to cost $480,000; Portland,
Ore., 1*07 one-family dwellings to cost $538,200 and 7 apartments pro¬
viding 62 dwelling units to cost $261,600; Seattle, Wash., 133 onefamily dwellings to cost $533,850 and 98 units in two-family dwell¬
ings to cost $331,500.
-
the years 1935-39
1935-39
a
——
■
"In
of
average
daily
averages.
To convert durable manufactures, nondurable manufactures, and minerals
indexes to points in total index,
shown in Federal Reserve Chart Book, multiply
durable by .379, nondurable by .469, and minerals by .152.
Construction. contract indexes based on 3-month moving averages, centered at second
month, of F. W. Dodge data for 37 Eastern States.
To convert indexes to value
figures, shown in the Federal Reserve Chart Book, multiply total by $410,269,000, resi¬
dential by $184,137,000, and all other by $226,132,000.
Employment index, without seasonal adjustment, and payrolls index compiled
by Bureau of Labor Statistics.
agencies.
which permits were
"
BULLETIN.
index,
Note—Production,
"The 12,349
family dwelling units covered by permits issued and
contracts awarded during Mar. represent an
increase of 37% from the Feb. total, but are only two-thirds of the
Mar. 1943 figure.
Twenty-seven percent, or 3.327 units, put under
construction contract during Mar. were in Federal war housing proj¬
ects.
The 9,022 privately financed dwellings started were 15% in
excess of the previous month, but 3% less than in the corresponding
month of 1943.
v:f''
' ■//.';;//4
101
t
•
Open hearth—
construction
191.7
138
BULLETIN.
ago.
figures
♦21
*62
*221.6
Nondurable goods
the total for Mar. 1943.
Federal
33
87
39 % greater than in
The dollar valuation of all new residential build¬
ing fell off 27% and of new nonresidential structures 20%. Valua¬
tions for additions, alterations, and repairs, however, were 60% above
Mar.
17
59
Factory employment-
Labor's report continues by stating, "the total
Mar. volume was 12% less than that of Mar., 1943, because of a 52%
decline in the value of Federal construction contract awards. Permit
buildings
71
*18
*55
Residential,™
The Secretary of
valuations for other than Federal
255
,
————.
about 20% occurred in total valuations
February 1944 to March 1944
_
Construction contracts,value—•
Total
—81.3
154,902
141,808
Apr.
*240
Durable
—63.8
337,183
Mar.
Durable goods
of dollars)
change
1943
Apr.
Nondurable
Percentage
—24.6
Adjustment
1944
Apr.
Total,
(In thousands
Additions, alterations
New
Without
Seasonal
1943
Mar.
Total
1943
1944
Percentage
(In thousands
■
carloadings;
Apr.
Manufactures—
-First 3 months
1943
1944
Class of construction
Industrial production—
Total___.
private
in
increase
54%
Total
New
freight
Adjusted for
1944
$337,000,000 valuation reported
1943.
of
to
on
First 3 months-
New
and
1939= 100 for factory employment and payrolls;
1923-25 average = 100 for all other series
of the previous
building was more than compensated by a 64% decrease in Federal
building. Total additions, alterations, and repair work continued to
rise in importance showing a 58% increase the first quarter of 1944
over the same quarter a year ago, while new residential building was
37% less and new nonresidential valuations fell of by 35%."
All
production
-Seasonal Variation-
The
,
INDEXES
industrial
year."
area
Winter Wheat
The
however, was more than offset by sharp curtailment in Federal
building construction. In fact, for more than a year the total monthly
valuation of all buildings put under construction in urban places has
"The
<a
the total value of private
eighth consecutive month
in
1943, exceeding the 10-year
". average by 12% and the previous
record, established in 1938, by 8%;
Increases over 1943 production
are indicated for all spring truck
Secretary Perkins Reports
building construction started in urban areas of the United States was
greater than that for the same month a year ago, Secretary of Labor
Frances Perkins reported April 29. "This gain in non-Federal work,
in acreage
creases
duction
1943
Below February,
For
Federal Reserve
Permit Valuations 20%
Harch Bailding
hoped to plant about the intended
.acreage of cotton, corn, tobacco,
rice and other crops but locally
2351
•
181
88
t
Manufactured food
116
117
t
*158
products—
159
142
*144
142
109
*108
111
105
130
*113
114
Meatpacking———
*200
202
147
*184
187
136
Other manufactured foods
*160
*161
146
*141
*142
130
Processed fruits &
*155
*158
129
*94
*87
126
123
132
120
117
125
89
92
103
89
92
103
161
154
143
149
Wheat
Tobacco
flour.'
vegetables.
products
Cigars
Cigarettes
79
150
73
86
73
73
t
137
141
t
137
141
152
products—
Paper and products.,
—
Paperboard
;—
.;
160
73
.—
Other tobacco
147
150
152
-147
150
86
Newsprint production—
t
77
88
t
77
89
Printing and publishing™.
Newsprint consumption.
Petroleum and coal products
*100
100
113
*103
101
116
84
83
101
89
86
107
232
t
171
t
171
232
t
Gasoline
—
Fuel oil-
—
241
171
t
241
171
*130
Petroleum refining
*128
101
*130
*12g
101
163
144
t
163
144
t
Lubricating oil
t
130
U4
t
128
118
Kerosene
t
130
121
t
132
124
t
174
169
t
174
169
Coke
——
159
165
t
488
519
*467
488
519
*337
*341
382
*339
*343
384
*234
*231
210
*234
*231
*403
*403
350
*403
*403
350
*237
*242
222
*237
242
222
165
t
—
Chemicals
Rayon.
159
*467
Byproduct
Beehive:
—
—————-.—
'
Industrial chemicals
Rubber
210
Minerals—
142
141
131
142
141
131
*155
155
151
*155
155
151
Anthracite
*129
123
129
*129
123
129
Crude
*138
137
124
*138
137
124
*124
126
130
*112
85
105
—-
*180
76
132
133
Fuels
Bituminous coal—
—
petroleum
Metals
Iron ore
!GHT
CARLOADINGS
15-39 average==: 100)
141
Grain
—
Livestock
Forest
140
186
187
136
140
108
125
124
120
131
118
107
103
105
141
products
141
138
141
141
138
Merchandise, l.c.l.—
♦Preliminary or estimated.
174
163
168
145
144
142
67
62
68
67
106
<
143
63
tData not yet available.
convert coal and miscellaneous
in the Federal Reserve
183
51
149
67
—
*190
146
Ore
Miscellaneous—
60 units;
141
186
—•
r
1
Note—To
133
185
123
Coke-
140
190
Coal—
indexes to points in total Index, shown
Chart Book, multiply coal by .213 and
Roundup, Mont., $61,896 for 20
miscellaneous by .548.
units; Long Beach, Calif.,
$1,883,793 for 1,000 units; San Francisco, Calif., $1,421,721 for 784
units; The Dalles, Ore., $87,189 for 40 units.
"Federal contracts were also awarded for dormitory accommoda¬
at Clovis, N. M., to cost $47,478; for 240 persons
Riverside, Calif., to cost $128,299."
tions for 62 persons
at
THE COMMERCIAL &
2352
Monday, June 5, 1944
FINANCIAL CHRONICLE
The 1943 crop was small,
bushels.
Agricultural Department General Crop Report
As Of May I, 1944
Fairchild Retail Price Index Unchanged
For Third Consecutive Month A§ Of May I
i
—30,781,000 bushels, and the 193342
yield is 11.8 bushels
per
acre on 2,525,000
acres re¬
maining for harvest.
The indi¬
cated acreage is considerably
acre
lower than 1943 and the 1933-42
(Continued from page 2351)
Index as of May 1 again
16.2 bushels per harvested
during the month, it is announced. thin wheat with other crops be¬
compared with 15.6 bushels last
At the present, says the announcement from Fairchild May 15, the cause of lateness of the season
year
and
an
average
of 15.0
index is 0.2% above the May, 1943, index, 63.4% above the level and shortage of labor may result
bushels. Above-average yields are
of May, 1933, 29% above the low of 1936, 17.4% above the high of in a substantial acreage of wheat
indicated in all of the important
1937 and 27.6% higher than the pre-war level. The advices also state: being harvested that would oth¬
winter wheat
The Fairchild Publications Retail Price
showed
change for retail prices
no
prices of the major groups of commodities in
remained unchanged.
However, there were two minor
recorded in the women's apparel group.
Furs, which
"All
the index
differences
have been
gaining steadily since April of last year, further increased by 0.1%
last month; of all the items included in the index furs still show
the greatest percent gain over 1933, 117.2%.
Over the low of 1936,
it also reflects the largest gain of all the subgroups, 49.4%. Women's
dividual
stores
have been
case
of the year.
linois.
The first forecast of
...
.
The indicated
yield
Income
May 1 is
on
of
is
1944
for
rye
production
29,711,000
Payments To Individuals During
The Office of War Information called attention on
May 11 to the
stabilization
following facts pertinent to the Government's economic
pected to equal or exceed last year
in all States east of the Missis¬
sippi River, while in Minnesota,
Iowa, and Nebraska and most of
the Mountain and Pacific States
Two Years Of War
has granted slight
expected yields are below a year
ago.
The proportion of the total
acreage to be harvested for grain
is somewhat larger than a year
slightly below the 10Increases from a
in some of the North
but
ago
year
program:
"After two years of war, during wliich incomes of Americans
of the General Maximum Price Regulation kept
for eight months, various subsequent price regu¬ underwent a greater increase than did their taxes, living expenses
lations permitted adjustments of ceiling prices in addition to allow¬ and investments combined, the buying power of individuals in this
ance of individual adjustments, and thereby caused slight fluctuations
country in the highly fluid form of cash and checking accounts, had
in the index.
A continuation of restricted movements is expected reached an all-time high of some $33,000,000,000, not counting funds
and only minor changes in individual items are to be expected, ac¬ belonging to business enterprises, according to the Federal Reserve
cording to A. W. Zelomek, economist, under whose supervision this Board.
"Statistics of the Department of Commerce and the Securities
index is compiled."
1
and Exchange Commission indicate that net income of individuals
THE FAIRCHILD PUBLICATIONS RETAIL PRICE INDEX
JAN. 3, 1931=100
(including unincorporated business) in the United States, after taxes
and expenditures for goods and services, during 1943 exceeded indi¬
Copyright 1944 Fairchild News Service
May 1, vidual investments in United States bonds and other forms of savings
May 1,
May 1,
Feb. 1,
Mar. 1,
Apr. 1,
"After the effect
the index stationery
average.
year
ago
Central States
1944
113.4
113.4
112.2
112.2
1944
113.2
113.3
113.4
112.2
112.2
112.2
105.3
105.3
105.3
105.3
105.3
71.8
112.7
113.6
113.7
113.7
113.7
76.4
108.1
108.2
108.2
108.2
108.2
70.2
115.5
115.5
115.6
115.6
115.6
69.4
Composite Index
65.1
70.7
►
—
Piece Goods'
——-—
Apparel
Women's ApparelMen's
—
—
:—
Infants' Wear
Home
1944
1944
1943
Furnishings—
Piece Goods
'/y
84.7
84.7
84.7
84.7
Woolens
69.2
108.0
108.0
108.1
108.1
Cotton Wash Goods
143.8
143.8
143.8
143.8
65.0
126.8
126.8
126.8
126.8
126.8
Blankets & Comfortables—
72.9
135.0
134.9
134.9
134.9
94.1
90.1
90.4
90.4
90.0
Aprons & House Dresses——.
Corsets & Brassieres—
75.5
140.5
140.5
140.5
140.5
Oats
(10 Southern States)
Condition of oats in 10 Southern
States
well
is
83.6
111.2
111.2
111.2
111.2
111.2
66.8
135.5
144.3
144.5
145.0
145.1
69.2
102.7
102.9
102.9
102.9
102.9
76.5
92.4
92.4
92.4
92.4
.,,92.4
57.4
Silks
__
84.7
Fourth Quarter
Full Year
1943
(In billions of dollars)
142.3
'-Income
taxes
over
110.0
124.0
25.2
82.0
91.0
9.2
9.2
spending
and
32.8
23.1
(disposable income)
Spent on goods and services
116.6
32.3
—
38.4
5.6
7.6
28.0
33.0
3.3
after taxes
33.6
1.3
,
(Federal, State and local)—
Personal taxes
Income
Women's Apparel
payments.—;
income
Total
Domestics
18.3
6.6
'
.Savings and Investments:
2.
—
•;
..
Additions
13.8
2.0
9.9
.7
.8
2.4
.7
1.4
.9
.5
.2
3.3
1.1
5.2
4.4
16.5
22.5
9.2
7.6
28.0
4.4
16.5
22.5
insurance and pension reserves
to private
deposits
_1
Other savings (excluding currency sand checking accs.)
Savings
Men's Apparel
Hosiery—
64.9
——.
108.1
108.1
69.6
~r
Underwear
114.8
,
108.1
108.1
108.1
114.8
114.8
114.8
114.8
99.3
99.3
99.3
94.3
94.3
94.3
Shirts & Neckwear
74.3
99.1
99.3
Hats & Caps
69.7
94.3
94.3
—
investments
and
106.0
105.9
105.9
105.9
105.9
and
109.6
109.6
109.6
109.6
109.6
♦Income
114.9
114.9
114.9
114.9
Underwear
74.3
103.7
103.7
; 103.7
103.7
106.0
106.0
106.0
106.0
69.4
129.2
129.2
129.4
129.4
146.9
146.9
Furniture—
Floor Coverings
146.9
66.8
66.8
66.8
66.8
94.9
94.9
94.9
94.9
94.7
60.1
—
146.9
66.8
50.6
■_
Luggage
146.9
79.9
.
-
Radios
72.5
Appliances
China
Note—Composite index
metic
averages
is
a
93.5
93.5
93.5
93.5
93.5
81.5
Electrical Household
110.6
110.6
110.6
110.6
110.6
weighted aggregate,
taxes
over
10.5
11.5
3.2
4.0
Department Store Sales In New York Federal
Reserve District In April I % Above Year Ago
17
of New York announced on May/
The Federal Reserve Bank
April sales of department stores in the Second (New York)
District increased 1% over a year ago.
The com¬
bined sales for January to April, 1944, were up 5% from the same
depart¬
period the previous year. Stocks of merchandise on hand in
ment stores at the end of April, 1944, were 12% above the
ginnings for the crop of 1943 totalled 11,127,957 running
bales, according to a final report on cotton ginnings issued on April
27, by J. C. Capt, Director of the Bureau of the Census. The statistics
on cotton ginnings were compiled from the individual returns col¬
lected from 10,089 active ginneries located in 867 counties in 18 states.
The final figures of 11,127,957 running bales, counting round as half
bales, are 7,445 running bales greater than the preliminary figures
issued March 20. The ginnings for the 1943 crop are equivalent to
Cotton
April, last year.
The apparel stores in the New York Reserve District reported
no change in the net sales in February.
Their stocks on hand at the
close of the month were 24% higher than the same month in 1943.
The
following is the bank's tabulation:
STORE
DEPARTMENT
TRADE
Reserve
APRIL,
LOCALITIES
BY MAJOR
Federal
Second
1944
are
shown in the following
in both running
tabular statement.
bales, counting round
Quantities
are
given
half bales, and in equivalent
as
500-pound bales.
Stocks
April
1944
+
__
1
+
+
New York City
—
♦Northern New Jersey
♦Newark
-
Bridgeport
—
-
8
Poughkeepsie__
_
—
*'
•
—
OF
1943,
Utica
1942 AND 1941
Running Bales
(Counting round
State—
as
1942
1943
States—
United
11,127,957
12,438,033
half bales)
1941
1943
1942
1941
10,494,881
11,428,151
12,819,506
10,741,589
_
—
.
+
———
;
Southern New York State
955,987
921,540
788,033
178,337
130,843
191,999
182,719
1,086,963
Arkansas
California
774,441
187,703
1,427,890
399,361
1,381,214
1,125,480
1,495,249
1,437,605
395,569
340,965
404,497
402,122
931,573
333,051
.
14,146
__
Illinois
14,536
14,885
13,852
14,349
14,367
848,522
Florida
Georgia
853,348
637,469
850,744
860,143
629,770
_
Louisiana
_
_
_
15,238
17,127
10,800
4,527
14,914
310,501
741,692
594,589
5,474
2,052
Missouri
New
_____
Mexico—
North
Carolina
Oklahoma
South
Carolina
Tennessee
Texas
Virginia
1,782,989
1,886,981
296,366
414,286
1,387,558
471,019
1,838,589
290,264
1,967,978
411,311
_
INDEXES
OF
1,423,908
shopping days
103,285
104,943
Federal
(1935-39
735,292
559,466
Sales
373,470
687,465
692,303
379,747
712,140
Sales
692,780
694,577
408,098
695,545
702,046
698,517
602,538
574,121
492,438
622,301
2,917,035
3,047,128
28,333
2,557.702
24,026
2,832,252
19,710
19,535
28,183
4
+
4
4
—
—
__
■
+ 11
+11
2
+ 12
4
+ 13
+ 24
daily), unadjusted
(average daily),, seasonally adjusted—
(average
403,387
596,113
2,663,004 Stocks, unadjusted
23J85 Stocks, seasonally adjusted.
23,785:
the
Kern
the
(1923-25 average
Apr.
-1944-
114
138
136
141
157
139
100
119
121
112
99
125
120
111
129
127
=
harvest
probably
100)
of May.Florida,
County, California, most of
badly frosted acreage was
by May 1 and digging
way in fields where
under
expected
Mar.
main
production is heavier.
heavy daily shipments
STOCKS
District
100)
Feb.
Lower
Texas
was
digging was estimated to be 75%
completed by May 1 and ship¬
ments were expected to be light
after the first week in May.
In
was
SALES AND
Reserve
average =
97,621
604,081
479,791
4
1943
96,059
568.978
2,701,195
6
+
+14
5
+
1
the
of
crop
will begin the latter part
In the Hastings area of
1943.
DEPARTMENT STORE
471,490
104,374
Mississippi, Florida, Texas, and
is 2 to 5 points below
■
—
1+5
Apr.
735,079
the 1933-42 average, and
as
harvested
26
Second
102,132
5
9
York City)__.
♦Preliminary.
25 shopping days 1944.
only
condition is the
In Oklahoma,
and
—
+ 24
8
+
Apparel stores ((chiefly New
610,848
4
.
—
.
Mississippi
+ 11
__
313,475
4,484
_
the
is
completed the
last
week
in
April. Shipments
from other Texas spring produc¬
ing sections is expected to become
general shortly after mid-May,
+ 19
1
+
3
1.
same
Harvest
4
9
+
5
Rochester
16,863
572,347
_
♦Niagara Falls
Louisiana-
showing a better-than-average condition on May
Valley
?
+
+
+
—
York State
cold
delayed planting and
retarded growth in most southern
areas, but prospects are relatively
worse
in North Carolina, South
Carolina, southern Georgia, Ala¬
bama, and Arkansas than in other
2
6
_
♦Western New
5,721
11.267
712,534
2,081
Kentucky
—
+
7
Binghamton
Elmira
—
+
_
_
and
rainfall
weather has
in
6
+
+
in these States.
areas
Excessive
average.
4
8
+ 13
-
commercial
California
6
+
+
been
6
_
_
there is no change during the
period. Growing conditions have
especially unfavorable
in
age
8
8
—
t
—
1, there was a decline of 2 points
year, whereas on the aver¬
this
+
—
Buffalo
__
892,458
128,539
_
Arizona
May 1, compared with 78% on
1,
1943, and the 10-year
(1933-42) average of 77%.
Con¬
dition this May 1 was the lowest
since 1936.
Compared with April
+ 14
__
—
Alabama
early
J944
in the 10 South¬
States and California was 71%
ern
+
+
Valley
♦Northern New York State
Equivalent—500-pound Bales
(Gross weight)
the
of
Irish potato crop
4
+ 15
Syracuse—
(Linters are not included)
Condition
7
+ 15
Mohawk River Valley__
THE CROPS
sown oats is partly due to
wintering of the fall-sown
crop, reducing the necessity for
spring seeding.
2
+ 17
1
Albany
Schenectady
+ 12
+14
•
—
_
—
hand
April 30, 1944
5
+11
River Valley_
Upper Hudson River
—
4
—
Counties
—
Lower Hudson
8
—ii
;
Westchester and Fairfield
on
Jan.-April
1944
♦Second District
Central New York State
COTTON GINNED FROM
Winter losses were rela¬
State in the group
Net sales
figures of cotton ginned by States for the last three crops
late
tively light and progress of the
crop has been good.
Farmers in
these States report 60% of their
acreage fall-sown compared with
55% last year and the average of
45%.
This apparent decline in
States.
Percentage change from preceding year
"
Final
.
District
The Bureau of the Census will issue soon the annual bulletin on
This bulletin will show the
ginnings for the crops of 1943, 1942, and 1941, and production for the
crops of 1943 and 1942 by States and by counties. It will show also
the ginnings to specified dates throughout the season, by States and
by counties, for the crop of 1943.
;
extent.
amount
in
11,428,151 bales of 500 pounds each.
Cotton Production for the crop of 1943.
in
rains
May
Federal Reserve
On Gotten Ginning
conditions
crop
by
In other Southern States,
rainfall was ample to excessive,
and
apparently reduced spring
seedings below intentions to some
on
that
Census Bureau Report
relieved
Early Potatoes
spending
and
Excess
Major group indexes are arith-
of subgroups.
dry
Texas,
better
129.4
•
In
spring
106.0
114.6
74.0
——
year
4.5
103.7
80.9
Socks
in production over last
in that area. Condition was
reported at 74% on May 1, 1944,
compared with 63 a year ago
and the 1933-42 average of 68%.
increase
3.1
,
Infant's Wear
Shoes
year
Individual Checking Accounts:
70.1
—
savings
last
Excess—Additions to Cash in People's Pockets
3.
76.3
Clothing incl. Overalls
Shoes
tTotal
average.
is slightly larger
and much larger
than average, this relatively good
condition of the crop indicates an
33.0
5.2
"Underwear
than
were
1942
1943
1942
above
Since the acreage
April.
Expenditures and Taxes of Individuals:
Income,
140.5
Furs——.—
1.
1942.
134.9
59.2
after taxes and expenditures, was $3,200,000,-
000, as compared with $4,000,000,000 for the last quarter of
The following summary is made available by the OWI:
143.8
Sheets-—_—;
able individual income,
108.1
68.6
by $10,500,000,000. This, however, was $1,000,000,000, less than the
excess of $11,500,000,000 in 1942.
"For the last quarter of 1943, the excess over savings of avail¬
than off¬
more
are
decreases in other areas.'
set by
,
1933
region
except Minnesota and Wisconsin,
and in New Jersey, New Mexico,
and California.
The yield is ex¬
-
.
above aver¬
rye-producing
in the major
States of the North Central
producing States ex¬
replaced by other crops.
the end of cept Nebraska and Colorado.
the month seriously damaged low¬
Rye
land wheat in Missouri and Il¬
increased price which the OPA
readjustments to in¬
on specific merchandise, but1 these changes in no
great enough to cause a change in the index.
time, to time OPA
Yield prospects are
age
Floods occurring near
of
From
average.
erwise be
hosiery declined from 94.0 to 90.0%. This decrease is evidence
the fact that it is becoming more difficult for the stores to sell the
heavy denier rayon hosiery at the
allowed to retailers at the beginning
40,446,000" bushels.
is
average
The expected
from
this
Fairly
may
area
be
during
Shipments
from Louisiana started the latter
the
next
few
weeks.
part of April and should become
heavy by May 15. In Alabama,
digging was delayed and was just
getting under way about May 1.
-
I
!
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4287
Volume 159
2353
Changes In Holdings Of Reacquired Stock
Of N. Y. Stock & Curb Listed Firms
the
Company's "Business Bul¬
letin" of May 15, were preceded
by remarks by Brig.-Gen. Ayres
that "we have reached the period*
ABA Issues To Banks Sales Manual For
5th War Loan Drive
The importance of the 5th War Loan Drive is dramatized with
the* following
tabulation of companies reporting changes in the amount of stock held action photographs of actual battle scenes in a 12 page booklet en¬
titled, "5th War Loan—A Major Selling Job for America's Banks,"
The New York Stock Exchange issued on May 16
Shares
Shares
Per Latest
Previously
Reported
Company and Class of Stock—
a
13,912
79,700
5% preferred-—
American-Hawaiian Steamship Company, capital——
American Hide and Leather Company, 6'Jo cum. conv. pfd.
American Locomotive Company, common—
m
7% cumulative preferred
American Radiator & Standard Sanitary Corp., common-
80,000
2,000
1,800
(•U
5%
preferred
cumulative
Bros.,
:—_——
180
1,899
———;
1,400
pfd.—
common—
•
145
—
35,224
35,724
(The), capital—-———:—
Corporation, common——
113,880
125,758
7,766
10,166
(J. I.) Company, common-——---————
Collins & Aikman Corporation, 5% cum. conv. pfd.——
1,127
3,776
Corporation (The), $5 prior pref—
9,179
Copperweld Steel Company, 5% cum. convertible preferred
4,100
Crucible Steel Co. of America, 5% conv. preferred——
V;:\: 17,350
Davega Stores Corporation, common.
76,975
Electric Boat Company,
capital—
—.—
303,119
Firestone Tire & Rubber Co. (The), common——
Fiintkote Company (The), $4:50 cumulative preferred1,860
885,412
General Motors Corporation, common—^
———
1,450
Jewel Tea Co., Inc., 414 % cumulative preferred——
1,700
Barnsdall Oil Company,
Borden
Company
Burlihgton
Mills
common
Case
(2).
10
Cooper-Bessemer
1,200
employees, number of sales, sales
employee, dollar sales, and
per cent of sales to deposits (less
interbank and government depos¬
its). "Savings banks are in a dif¬
ferent
category and should be
listed separately on a quota basis
of sales per employee and com¬
parison made with previous rec¬
(4)
17,550
per
79,375
303,124
680
(3)
892,712
1,600
•
'■
Common-
Madison
34,200
Corporation, capital.———-—
Mead Corporation (The), $5.50 series B preferred——
Minneapolis-Honeywell Regulator Co., common
—
National Cylinder Gas Company, common—.
Newport News Shipbuilding & Dry Dock Co.—
$5 cumulative convertible preferred
——Norfolk and Western Railway Company, adjustment pfd—
3,657
63
242
.
292
28,800
29,900
Sheaffer
(W. A.)
common.
7,735
7,835
34
Wilson & Co., Common—.
available
'
*
•
7,072
7,062
5,438
6,524
103,295
105,995
7,856
——————£
Acquired and cancelled 4,300 shares.
Par value changed March, 1944, from $100 par
Acquired 370 shares; retired 1,550 shares.
Acquired 1,200 shares; retired 4,100 shares.
(2)
(3)
(4)
7,862
;.
common
to
$25 par common.
has made available the following
list of issuers of fully listed securities which have reported changes
in their holdings of reacquired stock:
Shares
Shares
Per Latest
Report
Previously
Company and Class of Stock—
Air-Way Electric Appliance Corp.,
Corp.,
General
American
;
'',
common—1.—
community
time
to
all
Reported
,
1,867
1,872
385,436
common....—
and
of the
by the manual are meetings in the
banks to acquaint staff members
national
385,444
43,762
Paper Corp., common.—
Company, common..—
& Co., Inc., class "A"__
...
Carman
595
Inc., common..
Oil Company,
Navarro
55,073
,
55,398
39,663
8,309
8,852
25,044
25,444
46,524
41,065
18,969
19,369.
1,205
"A" preferred-
l,28(f
Public Service Company,
Company,
Sterling.. Inc.,
common
Inc.,
3,§84
80,472
24,764
80,470
(first preferred—_——
common—.
24,761
——
161
~
'
650
750
8,500
8,700
75,200
86,225
18,864
common.——
—_——
—
common.
——
—-——~—-—
well
as
as
The purpose of the manual is to
banks to set up their
stimulate
*
quotas and organize their selling
plans now in advance of the drive
and prepare a program
for carry¬
ing through.
There is no inten¬
tion, however, to limit them in
the methods they employ or to
divert
them
from
clearly
can
or area
bankers
state
in
from time
will
associations,
maintain
the
close
War
State
liaison
the action
of the
the outcomes of the invasion."
local
19,164
According
31,696
"Herald
12,232
12,238
new
11,725
of
to
for
the
been
the
trained
York
May
of
22,
a
constitution says the purpose
CPA is "to secure to its
the
membership adequate information,
education
State Tax On Northwest Air Lines
and
organized partici¬
pation in the politijcal life of our
country in cooperation with other
Upheld By Supreme Court
Americans."
From
and
transported to
Their
zones.
war
have been
weapons
produced and shipped
Now
overseas.
sults of the
await the
we
re¬
efforts that
supreme
,
impend.
"Under
these
conditions
not
Finance
munitions contracts continue to be
reported, and
commit¬
orders
Communist
.
the
committee
to
same
pa¬
also take the following:
Communist
leaders
failed
to
per we
The
was
referred
after
heated
placed.
or
of
There
are
materials.
firms
would
,
A
like
to
to increase production of
Civilian
goods,
particularly
lines of durable
in
items, but with
few exceptions the military serv¬
ices frown upon any conversion of
factory outputs to civilian produc¬
tion, and they will continue to do
until
so
know how the inva¬
we
sion goes.
"In
recent
ments of
weeks
the
move¬
security prices have
con¬
sisted in the main of rather minor
brief
fluctuations,
umes
of
limited.
| of
There
money
and
transactions
the
vol¬
have
been
large volumes
are
awaiting investment
op¬
portunities, but not really seeking
them
until
the grave
to
answers
questions that impend
avail¬
are
able.
Even retail trade is rather
slow
because
stocks
secure
merchants
of
the
cannot
goods
they
would like to offer customers, and
reluctant
tutes which
to
purchase substi¬
might
move
slowly
a
little later on."
the floor.
on
basic
many
begin
are
admission.
The matter of dues
back
good
increased
or
new
shortages
.
and any
for
being
rarely there
more
reports of
are
tees.
discussion
New
the
Tribune"
of
1
constitution provides
"organized participation in
political life of the country."
11,575
prior stock
Article
elections.
In
part he also said "The troops have
who
other persons" who sign
ticket into the field under the up before July 4. It was explained
hammer and sickle emblem—or its party members do not automati¬
hammer and hoe variant—intend cally become Association * mem¬
to campaign actively in national bers, but must individually apply
nists, while not putting a national
new
we
with
Party of the United
States at its 25th National Convention in New York, in voting itself
out of existence as a political party on May 20, steps were immedi¬
ately taken to form a new organization, designated as the Com¬
munist Political Association.
Earl Browder, who since 1930 had
been General Secretary of the Communist Party, was elected Presi¬
dent of the new organization on^
The preamble to the new con¬
May 22. In the New York "Times"
of May 21 it was stated:
stitution said the Association was
"a
Mr. Browder, the party's Presi¬
non-party
organization
oi
dential candidate in 19^6 and 1940, Americans
basing itself upon
the working class." It invoked the
urged the re-election of President
Roosevelt.
The convention later traditions of Washington, Jeffer¬
adopted a resolution calling for son, Paine, Jackson, Lincoln, the
"the continuance of Roosevelt's Declaration of Independence and
leadership and the election of a the Constitution and its Bill of
Victory Congress."
Rights,
The wording of the resolution
A lure was held out in an offer
and of the Association's constitu¬ to cancel the initiation fee, as yet
tion, which is to be adopted today, unfixed, for "all former members
made it clear that the Commu¬ of the dissolved Communist Party
and
until
so
and fairly judge
see
such
Communist Parly Dissolves, Replaced By
Communist Political Ass'n With Browder Pres.
the
affairs of all .of us.
It will continue to do
few
34,733
Tung-Sol Lamp Works, Inc., common__
——-:
United Cigar-Whelan Stores Corp., common——
Utility Equities Corp., $5.50 div.
34
3,184
Inc., $5.50 div. prior stock
Seton Leather
Trunz,
.,•*
447
—_i_———_—
ficullin Steel Company, common
Selected Industries,
A
414
—
Pacific Public Service Company
Pacific
11,081
77
■;
common.—————
12,045
11,445
11,755
————
Limited, capital
Oilstocks,
46,579
'
29,465
Nehi .Corp., first preferred
Ogden Corp.,
26,449
26,421
——
———
common
8,966
37,763
——-
Hydrate Food Products Corp., common—
Interstate Hosiery Mills, Inc., capital—
Products Corp., common
Co.,
18,806
10,966
——
Kingston
(D. Emil)
597
18,706
—
__
Equity Corp., $3 convertible preferred
—
Esquire, Inc., capital...
—.—
Fedders Manufacturing Co., Inc., common
Hearn Department Stores, Inc., 6% preferred
Klein
290
1,222
Dejay Stores, Inc., common..-.—....:—
Detroit Gasket & Mfg. Co., 6% preferred—
Merritt-Chapman & Scott Corp., 6'/a &
Midland Oil Corp., $2 convertible pref
7,835
i
Petroleum Corp., common—
Central
Crown
—
46,962
1,435
American Writing
:
job
bank's part in it.
own
.
Atlas Drop Forge
recommended
made
banks
during the drive so that
Following
The New York Curb Exchange
■.
the
to
activities
57,331
NOTES
(1)
these
collected
Other
crisis affects the personal
war
and business
814,211
52,931
.—_—
manual
that
be
4,334
813,961
capital——
——
(The), capital
—
Twentieth Century-Fox Film Corp., preferred——___
United States Leather Company ( The), prior preferenceUniversal Laboratories, Inc., preferred—————
Willys-Overland Motors, Inc., 6% cumulative conv. pfd—
should
1,104,119
preferred.—
Inc.,
Texas Company
12
2,647
,
487,795
cum.
the
is
idea
period of considerable dura¬
In widely varying ways, and
in differing degrees, this condition
of being at the entering edge of
a
tion.
selling
many important business decisions
practices as they have found ef¬
are being
made, and few devel¬
fective in the past.
Management
of the drive will be a matter of opments of note are taking shape.
local autonomy.
General direc¬ The volume of industrial output
states.
The tion of the campaign will be left is
moving sideways on a sort of
score
cards to state banking chairmen, to be
appointed in cooperation with the production plateau. Cutbacks in
15,584
2,637
Pen Co., common
Schenley Distillers Corporation, 514%
Sinclair Oil Corporation, common
Sterling Drug,
•
11
■
Iron and Steel Corporation,
ords,"
9,107
9,007
14,284
Plymouth Oil Company, capital
Rustless
2,434
36,100
3,687
2,506
——————————
Square Garden
their
keeping of reports of sales
by each bank for pur¬
poses of comparison.
These pro¬
gress reports would be in the
nature of score cards showing for
commercial banks the number of
9,609
-
with the
progress
44,806
Atlantic Gulf and West Indies Steamship Lines, 5%
Barker
115,447
44,299
to those of other institutions.
a
12~900
,
.
be
the
its results in relation
may see
goal in dollar volume of sales
and a goal in number of sales
made.
It also suggests that the
efforts of banks be stimulated by
the
io~400
common.————
Associates Investment Company,
sales manual, is devoted to
bonds in the forthcoming
a
war
for itself—' each
set up a goal or quota
it \
——
—
which the American Bankers Association has mailed to the nation's
15,000 banks.
This booklet, which is
"plan of action" for the selling of
campaign. It urges every bank to*-
Report
8,612
Allied Stores Corporation,
>.;
of crisis in the war.
We have
reached it, but we have not
really
entered it. We know that it may
the
unit of
county, State
district organi¬
or
zations.
In the "Times" of
Brig.-Gen.
Associa¬
tion, according to the constitution,
Will be the club, followed by
"more
finds
in
our
the
May 22 it was
as
gain¬
before
ever
^
history." As to this he has
following to
"Of
that
now
are
fully employed than
stated that under the constitution
membership to the Association is
open to any resident of this coun¬
try over 18 years old interested
in "the advancement and protec¬
Ayres
Americans
say
that
course
actual numbers
but it is
true
are
of
the
so
far.
concerned,
true that
also
proportion
in part:
is
a
greater
population is
Justice Felix Frankfurter the
United States Supreme Court on May 15 upheld a personal property make completely clear just how tion of the interests of the nation gainfully employed than ever be¬
tax which Minnesota levied in 1939 against the entire fleet of far their supporters would go in and its people." The constitution, fore.
Employment as here dis¬
Northwest Airlines, Inc., which has its headquarters in St. Paul. their
new
role, Earl Browder, it is added, provided also for the cussed
includes
both
civilian
General Secretary of the defunct expulsion from its ranks of any
Pointing out that the Court, in this, its first decision involving State
workers and those in the armed
taxation of interstate air commerce, laid down the principle that the party, told delegates "we need to one who seeks to "subvert, under¬
forces. The total is about 62 mil¬
home state of an air line has the**emphasize that non-partisanship mine, weaken or overthrow any
of Arkansas is not required to does not
orall institutions of American lion persons, or some 45% of our
mean for us non-politi¬
right to tax all its property which
In
5-to-4 opinion by Associate
a
does not remain
of
continuously out
the state during the tax year,
Press
Associated
advices
from
Washington on May 15 added.
Chief Justice Harlan F. Stone,
pay
ders
the states 2% sales tax on or¬
obtained by solicitors or by
telephone and mail. The 5-to-4
opinion by Justice Frankfurter
declared that for Arkansas to im¬
.
by Associate pose a tax on such, transactions
Justices Owen J. Roberts, Stanley "would be to project its powers
F. Reed and Wiley B. Rutledge, beyond its boundaries and to tax
contended the tax violated th/e an inter-state transaction."
2. Upheld an Iowa law imposing
commerce clause of the Constitu¬
tion. The court's decision, he said, a 2% tax on personal property
in
dissent joined
a
hew and important in¬
dustry
bought for use in the state and
making a retailer responsible for
subject and which it was the very
Frankfurter also wrote the court's
7-to-2 opinion in this case.
subjects
a
to essentially discrimina¬
tory state tax burdens "to which
other interstate carriers are not
purpose of
to avoid."
It
was
the commerce clause
also stated in the Asso¬
ciated Press accounts, that the de¬
collection
of
3. Upheld
the
an
levy.
Indiana
Justice
measure
was one
!of
a
.
Indiana
branches
of
a
company
.
.
■
democracy."
..
.
population.
First
Prosperity thai Ever Before,
Despite Business Hesitation: Brig. Gen. Ayres
U. S. Has Greater
World
In
1918,
during
War, about 43%
the
of
the population was gainfully em¬
ployed in cviilian work
armed
forces.
or
in the
...
"In 1918, in the earlier war,
Brig.-Gen. Leonard P. Ayres that "by total civilian and military employ¬
ordinary standards of measurement this is a period of greater mate¬ ment was as much as 15% greater
rial prosperity than we have ever before experienced." According
than the civilian labor force. In.
to Gen. Ayres, who is Vice-President of the Clevland Trust Co.,
this war the
disparity is still
"production is at higher levels than at any earlier time. There are
greater, and it is probable that
more people employed, and fewer unemployed, than ever before in
our history," he notes, and he adds
total employment in -1944 will be
The statement is made by
the
case
of the International Har¬
"our national income exceeds all
Agriculture is
Company, of Chicago, that previous levels.
where a State seeks to tax gross flourishing." "It is a strange an¬
receipts from interstate transac¬ omaly," he says, "that this should
vester
providing for an income tax on
gross receipts from sales made by. tions
series on State incorporated in other states. The
Taxation in which thb Court also 7-to-l opinion by Associate Jus
1, Ruled that;a company outside tice William O. Douglas said in
cision
cal."
as
much
as
20%
more
than the
,
within
consummated
its
borders, "its power to do so can¬
not be withheld
grounds
where
on
it
constitutional
treats
local transactions the
wholly
same
way."
also be
tation
a
period of business hesi¬
and
but that
civilian
of the
labor
last
force.
war
The
record
clearly indicates
that millions of people now em¬
restricted speculation,, ployed will not seek to be mem- *a
is the way it
is." These comments,
inevitably
contained in
bers of the labor force after peace
returns."
1
I
''
■
'
.
'
^
State and
:
'.
Agents
/. /
•
Named
'
' t
<\
■
NEGOTIATIONS
Panama
Bond
Tampa), Fla.
—
Invited
—
Newbern, City Clerk, will on or
Bond Sale—The $130,000 cou¬
composed of Baker &
before 10 a.m. on July 1, receive
Co., New York City, R. S. Dick¬ pon SBA refunding, Series 1944, sealed tenders of refunding Series
ney
General, Not Liable for
son
& Co., Inc., Charlotte, Fox, bonds offered for sale on May 30
A, B, C, D, E and F bonds. Issue
Legal Action—Alabama city of¬
Reusch
&
Co., Cincinnati, and —v. 159, p. 2128—were awarded of
1942, dated Jan. 1, 1942.
ficials now may ask advice of the
Heinzelmann & Ripley, New York to the Union Security & Invest¬
The city, in accordance with the
State Attorney General on any
ment Co., of Tampa, as l%s, pay¬
City, has been appointed fiscal
resolution authorizing the bonds,
legal problems under a law passed
agents for the city in connection ing a price of 100.026, a basis of
determined that it has in its re¬
during the last legislative session. with the
proposed debt refunding. 1.747%. Dated July 1, 1944. De¬
This service already was available
Due July 1, funding bond interest and sinking
Holders
of 314%-5%, 214%-5% nomination $1,000.
fund the" sum of $125,836.91 in ex¬
to municipalities only when issues
bonds of 1937 will be requested to 1957.
cess of the
amounts required for
involved county and State legal
surrender them for payment at
Holly Hill, Fla.
the payment of the next two semi¬
fields, according to information to
par and accrued interest on July
Bond Call — B. M. Bass, City annual interest coupons upon said
the American Municipal Associa¬
1, 1943. They may exchange them
tion.
Clerk, reports that the City calls issues, and that it will apply said
for new refunding bonds in ac¬
for redemption on Aug. 1, 1944, surplus money to the purchase of
Significance of the new privi¬ cordance with an exchange offer,
lege, however, is that Alabama details of which may be obtained $286,000 refunding bonds. Dated refunding bonds of said issues.
Feb. 1, 1936, maturing Feb. 1,1966,
All
holders desiring " to make
municipal officials, acting accord¬ from Heinzelman & Ripley, 40
being all presently outstanding tenders of said refunding bonds
ing to an official opinion of the Exchange Place, New York, man¬
bonds of said issue.
Said bonds for sale to the City are advised
Attorney
General, are relieved agers of the refunding group.
will be redeemed
at their par that the
from legal liability for their action
City Commission will, on
Everglades Drainage District, Fla. value and accrued interest to date
July 1, meet in open session for
regardless
of subsequent court
Refinancing Contract Approved called, on presentation with all the purpose of acting upon all
decisions.
This protection means
appurtenant unpaid coupons at¬ tenders of said refunding bonds
city officials no longer need fear —It is reported that the District
tached, at the Chase National which may be received on or be¬
has approved and executed a con¬
legal consequences of doubtful
Bank, New York City.
Interest fore the above time on said date,
.procedures if they consult the tract for refinancing approximate¬
ly $5,300,000 of debt held by the ceases on date called. Holders of and that it will act upon the same
State Attorney General first.
said bonds who may have pre¬
RFC, by the issuance of $4,500,000
by purchasing bonds from those
Many opinions have been hand¬
bonds maturing over a period of viously agreed with the City's re¬
tendered, such purchases to be
ed down by the Attorney Gen¬
25 years, the balance of the debt funding agents to exchange them made at the lowest prices offered
eral to cities in years past, but
to be paid off with cash on hand. for refunding bonds, Issue of 1944, to the extent and sum of $125,000,
they were in the nature of un¬
may do so by surrendering said
The average interest rate on the
which is available for such pur¬
official opinions which did , not
bonds in accordance with the in¬
refunding issue would be less
chase,
unless
the
Commission
legally protect the recipient. The
structions of said refunding agents.
than 314%, and the bonds will be
should be dissatisfied with any or
new
law
(State of)
Opinions of Attor¬
Alabama
Cities
Use
A
Fort Meade, Fla.
forth the facts
official nature
Bond Sale
The $275,000 re¬
of the question involved.
funding, Series of 1943, bonds of¬
Several cities have requested fered for sale on May 29—v. 159,
legal advice since the law was p. 2242—were awarded to B. J.
passed, but only a few met the Van Ingen & Co., of New York,
legal requirements for submitting and Allen & Co., of Lakeland, as
a question, the Association reports.
3s, at a price of par. Dated Dec.
nicipality setting
and showing the
—
Bond
Spivey,
Invited
Tenders
City Clerk,
—
June
20
H.
will receive
sealed tenders until 8 p.m.
on
J,
of Series A,
(EWT)
B or C
Issue of 1943.
the price at
such bonds are offered to
refunding
bonds,
Tenders to designate
which
City, which offering must
the
be
subsequent to the
opening such tenders.
firm for 10 days
date
Indian River County,
Wabasso
Bridge District (P. O. Vero
Beach), Fla.
Bond Sale—The $60,000 coupon
Optional July 1,
bonds.
Holders of these
tified
to
at
ment
bonds are no-,
them for pay¬
the First National Bank,
present
Chicago, on July 1, 1944.
County Forest Preserve District, III.
'■
Bond Call—William J. Gormley,
Cook
for pay-!
various 4%
refunding bonds, Series A of 1936.
Treasurer, calls
District
ment
of said
Holders
same
ican
July 1, 1944,
on
bonds to present
payment at the Amer-!
National Bank & Trust Co.,'
for
date
Interest ceases on
Chicago.
called.
Cook County (P. O. Chicago), III•
Bond Call—Victor L. Schlaeger,
County Treasurer, calls for pay¬
ment on July 1, 1944, certain 4%-
refunding bonds of 1936, series A,
in denominations of $1,000 and
be presented
$500. Bonds should
payment at the American Na¬
Bank, Chicago.
for
tional
Decatur, III. '
-44
Offering
Bond
bids until
the
—
will
Clerk,
City
10
a.m.
Davis,'
F.
D.
sealed
receive
on
June 8, for
of. $280,000. not to
purchase
bonds.Denomina¬
$1,000. Due on Sept. 1, as
cise the option given to it to re¬
follows: $5,000 in 1945 to
1948,
ject any or all of said tenders.
$15,000 in 1949, $25,000 in 1950 to
In the event of acceptance of
1958, and $20,000 in 1959.
Re¬
deemable prior to maturity, at
any such tenders, the bonds so ac¬
cepted by the city shall be deliv¬ the option of the city, in whole or
in part, on March 1, 1954, or on
ered to it within 15 days from re¬
ceipt of notice of such acceptance any interest payment date there¬
by the owner of said bonds mak¬ after. Principal and interest pay-!
able at the First National Bank of
ing tenders thereof.
Chicago. The city will accept the
tenders
all
Inverness, Fla.
construction
1944.
125,000 214 Series I,
group
provides that private,
callable.
The
Ranson-Davidson
personal and moot questions may
not be submitted. A request for Co., Inc., B. J. Van Ingen & Co.,
an
official opinion must be ac¬ Inc., and John Nuveen & Co., co¬
operated in working out the pro¬
companied by a resolution adopted
posed program, it was said.
by the governing body of the mu¬
C, refunding
Optional Jan. 1, 1944.
bonds.
S.
J.
Series
2%.
30,000
City, Fla.
Tenders
Hillsborough County (P. O.
Cocoa, Fla.
Refunding
•
City Department
BOND PROPOSALS AND
ALABAMA
Monday, June 5, 1944
FINANCIAL CHRONICLE
THE COMMERCIAL &
2354
received, in which
so
exceed 2 14 % water revenue
Dated
event the Commission may exer¬
Fla.
St. Augustine,
!
Hyden, City
Call —Edna
Bond
March 1, 1944.
tion
best bid of par or
better,
specify¬
statute 1, 1943. Denomination $1,000. Due
ing the lowest rate of interest.
Auditor and Clerk, reports that
Payable solely from the revenues
became effective, only 11 official June
1, as follows: $5,000 in 1946,
the following general obligation
to be derived from the operation
opinions had been given to mu¬ $3,000 in 1948, $6,000 in 1949 to
refunding bonds, dated July 1, of the municipally owned water
SBA refunding, Series 1944 bonds
nicipal officers.
The failure of 1952, $5,000 in 1953, $7,000 in 1955
1937, maturing July 1, 1967, are works system, and the bonds may.
offered for sale on May 30—v. 159,
cities to use this new assistance and
1956, $8,000 in 1958 to 1961,
p.
2128—were awarded to the called for payment on July 1, 1944, be registered as to principal only,
and protection may be caused by
$9,000 in 1962 to 1965, $10,000 in Florida National Bank and the on which date interest ceases:
in the name of the holder on the
the
general reduction in legal 1966 to 1968, $11,000 in 1969 to
Series D bonds Nos. 263 to 313.
Clyde C. Pierce Corp., both of
books in the office of the City
business in wartime, the natural
1971, $4,000 in 1972, $12,000 in
Series E bonds Nos. 16 to 135, Treasurer. The bonds will be de¬
Jacksonville, as 1.90s, paying a
hesitancy to utilize new proce- 1974, $13,000 in 1975 to 1977, $14,price of 100.025, a basis of about 140 to 174, 180 to 188, 194 to 796, livered with the approving opin¬
dures and the failure of municipal 300 in 1978, and $24,000 in 1979.
1.897%. Dated Jan. 1, 1944. De¬ 799 to 813, 819 to 834, 839 to 874, ion of Chapman & Cutler, of Chi¬
officials to submit their requests
Fort Pierce, Fla.
nomination $1,000.
Due Jan. 1, 876 to 918, 920 to 935, 945 to 954, cago, said opinion to be paid for
in
the
proper
legal form, the
956 to 993, 1107 to 1124, 1128 to
Refunding Contract—The City 1959.
by the city and all bids must be
Association said.
Commission on May 15 entered
conditioned.
The purchaser
1612, 1638 to 1667, and 1678 to so
Marion County (P. O. Ocala), Fla.
CALIFORNIA
into a contract with Thomas M.
1692.
will be required to furnish the
f
Bond Sale
The $368,000 cou¬
Cook & Co., West Palm Beach,
Said bonds will be redeemed at necessary printed bonds. Enclose
South Gate Acquisition and Im¬
a
certified check for 1% of the
empowering the latter to proceed pon SBA refunding, Series 1944
plus
accrued interest, on
provement District No. 4, Calif.
bonds offered for sale on May 30 par,
with the refunding of $3,500,000
presentation with all subsequent par value of the bonds, payable
3;.
Bond Call —Louise Workman,
—v.
Nine
after
months
the
,
,
—
City Treasurer, calls for payment
on July 2, at par and accrued in¬
bonds Nos. 337
358,
and their appurtenant
coupons.
The sum of $18,419 is
available for redemption of said
bonds.
Interest ceases on date
terest, refunding
to
-
;;
called.
Bradford
County
(P.
subject
date,
new
to
call
on
according
to
interest
report.
The
any
bonds would be dated Jan. 1,
O. Starke),
to
p.
2128—were awarded
National Bank and
the Florida
Clyde C.r Pierce Corp., both
of Jacksonville, as 1.70s, paying a
the
mature serially to Jan. 1, price of 100.009, a basis of about
1984, and optional after 20 years, 1.699%. Dated Feb. 1, 1944. De¬
$1,000. Due July 1,
and bear interest rates ranging nomination
from
of
3%
to
3.507%.
3%%,
This
or
an average
compares
Public
Bond
County Board of
Instruction, Fla.
Call
—
H.
H.
Hancock,
■
Clerk, reports that all outstanding Series 1938, dated Jan. 1, 1938,
refunding bonds of 1935, dated which may be still outstanding on
Aug. 1, 1935, part of an author¬ July 1, 1944, have been called for
ized issue of 732 bonds, numbered
redemption and payment on that
1 to 732, are being called for pay¬
date.
Said
bonds shall be re¬
ment on Aug. 1, on which date
deemed and paid on July 1, at
interest ceases.
Said bonds shall
par
and accrued interest
evi¬
be redeemed at par and accrued
denced by coupons due on that
ILLINOIS
Election
—
Clerk
Village
reports that a special
election will be held on June 22
L. A. Frank
of $14,000
to vote on the issuance
construction
well
to the
pumping
and
bonds.
IOWA
Dsccrah Independent
District, Iowa
Call
Sale—The
J. B. M
c
C
a
III.
h
e y,
1955
1,
to
other bidder was
of Educa¬
tion, calls for payment on Aug. 1,
at par and accrued interest, $22,-
Henry
President of the Board
$15,000
build¬
Co., of Des Moines, as 114s, pay¬
ing a price of 101.173, a basis of
about 1.15%. Dated May 1, 1944.
Denomination $1,000. Due $5,000,
for
lips Co.,
101.166.
—
School
ing site bonds offered for sale on
May 24—v. 159, p. 2020 — were
awarded to the Carleton D. Beh
Nov.
Chicago Board of Education,
Bond
City Treasurer.
Bond
1957. The only
the White-Phil¬
iy4s, at a price of
County
(P. O. Mount
*
Pleasant), Iowa
300,000, 414 % revolving fund
bonds of 1934, Nos. 1 to 22,300,
Bond Election—An election has
Aug. been called for June 5 to submit
1, 1954.
Said bonds should be to the voters an issue of $75,000
;
presented
and surrendered on county hospital addition bonds.
Aug. 1, 1934, maturing
dated
date
interest cou¬
called with all
appertaining thereto due on
Orange County (P. O. Orlando), and after Aug. 1, 1944, at the City
Fla.
Treasurer's office, or at the Guar¬
Bond Sale—The $637,500 coupon anty Trust Co., New York City,
SBA refunding, Series 1944 bonds fiscal agent of the City of Chi¬
offered
for
sale on May 30— cago in N. Y. Interest ceases on
~.
v.
159, p. 2128—were awarded to date called.
the Florida National Bank and the
Chicaao Sanitary District, III.
evidenced by coupons due date, upon presentation with all Clyde C. Pierce Corp., both of
unmatured
coupons Jacksonville, as 1.60s, paying a
presentation with subsequent
thereto attached at the Chase Na¬ price of 100.008, a basis of about
all
subsequent unmatured cou¬
De¬
tional Bank, N. Y. C., and inter- 1.59%. Dated July 1, 1944.
pons
thereto
attached, at the
nomination $1,000, one for $500.
est^ on said bonds shall cease on
Chase National Bank, New York that date and all coupons matur¬ Due July 1. as follows: $150,000 in
1958 to 1961, and $37,500 in 1962.
ing thereafter will be void.
City.
that date, on
New York
Bond
Okeechobee
at par and accrued interest, evi¬
paying a price of 100.05, a basis
Hardee County (P. O. Wauchula), denced by coupons due on July
of about 1.389%.
Dated July 1,
Fla.
1, 1944, on presentation with all
1944.
Denomination $1,000. Due
Bond Call—Mrs. I. M. Taylor, subsequent
unmatured
coupons
July 1, 1949.
Clerk
of the Board of County attached, at the Chase National
Eustis, Fla.
Commissioners, reports that court Bank, New York City.
Interest
Bond Call—Ed. R. Carter, City house and
jail refunding bonds, ceases on date called.
on
at the office
and Collect¬
Chadwick, III.
with
ing from 214% to 5%. The pro¬
gram
is designed to effect an
over-all reduction in current in¬
year.
interest
coupons
at the Chase National Bank,
City.
or, or
1960.
Superintendent Board of Public
Instruction, calls for payment on
SBA refunding, Series 1944 bonds, terest charges of $2,663,440." The July 1, 1944, $120,000 high school
offered for sale on May 30—v. contract, it was said, requires that refunding bonds Nos. 1 to 120.
Dated Jan. 1, 1940. Denomination
159, p. 2128—were awarded to the the bond house effect exchange of
Due Jan. 1, 1970.
Said
Florida National Bank and the at least $2,000,000 of bonds with¬ $1,000.
bonds shall be redeemed and paid
Clyde C. Pierce Corp., as 1.40s, in one
Fla.
Bond Sale—The $25,000 coupon
unmatured
of the City Treasurer
1944,
present average of 4.60% as bonds
now outstanding bear rates rang¬
FLORIDA
158,
refunding bonds of 1937 which are
KENTUCKY
pons
'
Bond
Call
—
ment
on
July
O. Birney,
calls for pay¬
the following
Frank
District Treasurer,
1,
Kentucky (State of)
Bond Call—J. S. Watkins,
on
of
Highways,
July 1, 1944.
Lee
County (P. O.
Ky.
Bond Call—J. E.
bonds:
$1,100,000 4% Series B,
OrvH rural
refunding
1
1 Q4-4
.Tnn
Com-!
reports
that
various
1 %,
114 %, * 1 14 %,
1%% and 3% bridge revenue re-,
funding bonds aggregating $388,000, are being called for payment
missioner
Local
that 5%
Officer,
reports
and bridge refund-
Finance
road
Beattyville),
Luckett, State'
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4287
159
Illinois
nental
Trust
-
•
National
Co., Chicago.
'
^
•
;
ered
that of the past few years, when
the effects of the depression have
charge.
for
been felt the hardest in
Treasurer.
municipal
to
:
Maysville, Ky.
Bond Sale—The $90,000 funding bonds offered for sale on May
•29—v. 159, p. 2130—were awarded
to Walter, Woody & Heimerdinger, of Cincinnati, as 2%s, paying
a price of 105.33, a basis of about
1.60%. Dated June 1, 1944.
De¬
nomination $1,000. Due June 1 as
follows: $4,000 in 1945 to * 1947,
$5,000 in 1948 to 1953, and $6,000
in 1954 to 1961.
The next highest !
$40,000, payable to the State
Pascagoula, Miss.
Bond
MICHIGAN
-
v
without
purchaser
Enclose a certified check
finances everywhere.
&
Bank
the
retirement will still be far below
'ing bonds Nos. 23 and 24, dated
Jan. 1, 1940, are being called for
; redemption on July 1, on which
date interest ceases, at the Conti¬
Issuance
Pending
A
—
meeting of the City Council will
take place on June 10 to author¬
Charlevoix, Mich.
Bond Sale—The $16,000 airport
ize the issuance of
$30,000 paving
site bonds offered for sale on May
program bonds unless a dissent¬
29—v. 159, p. 2244—were awarded
ing petition is presented to the
to Braun, Bosworth & Co., Inc., as«
Council before that time by 20%
Is, paying a price of 100.075,. a of the qualified voters.
basis of about 0.968%. Dated June
1, 1944. Denomination $1,000. Due'
$4,000 June 1, 1945 to 1948.
The
next highest bidder was: Charle—
MISSOURI
School
Brentwood
District, Mo.
Bond Offering—Harold R. Jor¬
voix State
Savings Bank, for Is, at
price of 100.00.
dan, Secretary Board of Educa¬
bidder was: Pohl & Co., at a price
tion, will receive sealed bids un¬
of 104.70.
til 8 p.m. on June 8 for the pur¬
4
4 Michigan (State of)
of
$55,000 school bonds.
Drain District Legislation Up¬ chase
Whitley County (P. O. WilliamsDenomina¬
held—The United States Supreme Dated June 1, 1944.
burgh), Ky.
<
Bond Call—J. E. Luckett, State Court on May 22 last concurred tion $1,000. Due 11,000 April 1,
1958 to 1962. Bidders are request¬
Local
Finance
Officer,
reports in the decision of the Michigan
that road and bridge refunding Supreme
Court
which
upheld ed to bid for bonds maturing as
bonds Nos. 149 to
178 for $500
constitutionality of legislative acts, above stated, without option of
a
-
each, dated Jan. 1, 1940,
for
redemption
are
July
on
of 1937.
called
1, on
at the
sale
which date interest ceases,
Continental Illinois National Bank
& Trust
a
for unpaid taxes and
assessments
Salle
Parish
School
District
Russell, Jr., Superintendent of the
Parish. School Board, reports that
date of sale has
title
free
been.fixed
as
yet for the $225,000 3% construc¬
tion bonds.
Court
preme
U.
S.
Orleans, La.
Bradford, on the
ground that the legislation im¬
paired the obligation of certain
special assessment drain bonds is¬
in
1927.
of
1939, drawn by lot, are
being, called for payment, at par
and accrued interest, on July 1,
which
date
interest
ceases.
Dated July 1, 1939.
$1,000,
Denomination
for $1,020. Due Jan. 1,
one
certificates should
Said
1951.
Bond
District, La. },
Call —W.
M.
Duffourc,
Secretary, Board of Levee Com¬
missioners, reports that $100,000
'5% levee bonds Nos. 1501 to 1600
are
called for payment on
Dated
1944.
nomination
Jan.
July 1,
1909.
De¬
July 1,
1,
$1,000.
Due
Holders of these bonds
1944.
notified
the
that
at the
able
are
same
are
pay¬
State Treasurer's
of¬
fice, Baton Rouge, and the office
of the Fiscal Agent of the Board
of
Levee
Commissioners,
the
Whitney
National
Orleans.
Interest
Bank
ceases
of New
on
date
called.
MAINE
„.■■■
Sale—The $100,000 per¬
improvement and equip¬
bonds offered for sale on
May 31 were awarded to Halsey,
Stuart & Co., as Is, paying a price
of 100.46, a basis of about 0.91%.
Dated June 1, 1944. Denomination
$1,000. Due $10,000 June 1, 1945
to 1954. The next highest bidder
was: Harris Trust & Savings Bank,
Chicago, for Is, at a price of 100.339.
;;
.V;
County School District
O. Zumbrota), Minn.
of
an
Education
is
planning
election to vote
an
to
call
issue of
Surveyed—
While the financial picture for the
immediate, future
is
none
too
bright, a study of the city's out¬
standing debt shows that 1944 and
1945 are the dark spots, with con¬
ditions certain to take on an
im¬
proved outlook in 1946 and there¬
after, providing new bonding is
kept within a normal figure.
This year $160,000 must be re¬
tired of the city's $688,000 total
indebtedness.
In
ing
indebtedness
000
must
be
1945,
outstand¬
totalling $149,-
retired,
or
pal and interest payable at a bank
designated by the purchaser,
to be
subject
the
to
approval
Board of Education.
furnish
will
&
Charles
the
of
the
The District
legal opinion of
Trauernicht,
of
St.
but in
1946
figure drops to $120,500 and
the
following year
to $86,000.
These are
the present fixed
this
charges. Assuming a normal
amount of borrowing does take
place in the next few years, the
Delivery will be made
Auditor.
before June 15,
on or
certified check for
a
St. Louis,
election
4
f
Mississippi (State of)
Offering—Greek L. Rice,
Secretary, State Bond Commis¬
sion, will receive sealed bids
til 10
un¬
the primary
on
various
civic
improvements
and
repairs, to provide post-war
employment.
4
June 8 for the pur¬
on
a.m.
Mo.
Aug. 1, the voters will
be asked to pass on the proposed
issuance of $36,000,000 in bonds
for
Bond
MONTANA
chase of $2,000,000 highway re¬
funding, Third Series bonds.
Dated July 1, 1944. Denom. $1,000.
Due $500,000
Feb. and Aug. 1,
Fergus County School District
No. 74
Bond
as
Offering
—
Ellen M.
order
rates
of
interest
such
are to bear in multiples of
one-tenth of 1%. Each bid¬
der must agree to pay not less
than par and accrued interest to
Aug. 1, 1944. Principal and in¬
terest payable at the State Treas¬
tion held recently.
office
or
at
the
Chemical
& Trust
Co., New York, or
the National Bank of Commerce,
New Orleans. Payable as to both
principal and interest from such
portion of the gasoline or motor
fuel tax levied by the State as
may be necessary and fully suf¬
ficient for such purpose, in ac¬
cordance
with the
provisions and
contained
definitions
130,1 Laws
of
in
Chapter!
Mississippi,
terms
of
and
1938.
Under
the
mitted
by the act, the bonds, to¬
as
per¬
portion of the revenues as may be
necessary
for the prompt pay-q
ment of the principal of and in¬
terest on the bonds, and it is re¬
cited, covenanted and agreed that
the taxes to the amount necessary
as
aforesaid, shall be irrevocable
until
all
of the bonds have been
in full as to principal and
interest. It is anticipated that the
bonds will be ready for delivery
on or about 30 days from the date
of sale and bidders may take de¬
paid
the bonds are
ready for delivery, but must agree
to accept delivery not later than
Aug. 1, 1944. The aproving opin¬
ion of Chapman & Cutler, of Chi¬
cago, to the effect that such bonds'
are valid and legally binding ob¬
ligations
of the State payable
solely as aforesaid will be deliv¬
livery
as
soon
as
(P. O. Columbus), Nebr.
Dated July
headed
by Smith, Barney & Co.,
Blyth& Co., both of New York,
First Boston Corp., Harriman Rip¬
ley & Co., Inc., and Lehman Bros.,
the
Mellon
Trust
or
Bank
Co., of
Continental
the
at
of
American
Lincoln, at the
NEW JERSEY
Atlantic
City, N. J.
Refunding
Opera¬
Planned—According to City
$22,119,000
tion
Commissioner
Daniel
S.
Director of Revenue and
Bader,
Finance,
ordinances
providing for the re¬
funding of all of the outstanding
callable bonds of the City were
introduced at the meeting of the
Board
of
City
Commissioners
June
adopted at first reading
over
for public hearing
and final adoption on June 29.
The $22,119,000 of new bonds
1,
set
with
accordance
in
issued
be
to
are
plan of refunding prepared
for the City by Stifel, Nicolaus &
a
investment bankers of Chi¬
and Wainwright, Ramsey &
Lancaster, municipal finance con¬
Co.,
cago,
sultants of New York City.
not less than
save
and,
as
bonds
time
stated that the
Bader
Mr.
will
over
at
the
of
two-thirds
callable
are
City
$3,250,000
par
from
time, if the City's credit
or if excess funds be¬
available, the City will have
to
improves
come
the
for
opportunity
large
tional savings.
addi¬
•
+
interest cost of
the outstanding bonds is 4.221%,
and the average interest cost of
the new bonds is 3.185%, a re¬
"The
average
provide for
$20,433,000 of gen¬
eral refunding bonds and $1,686,000 of water refunding bonds. The
the issuance of
1946
1, 1944. Due in semi¬
from Jan. 1,
Jan.
to
other bidder
&
general bonds are divided into
issues, one a serial issue and
the other a Term issue. The serial
1972. The only
Halsey, Stuart
1,
two
was:
Blair
Co.,
Co.,
&
Inc.,
John
3% interest for the first two years
&
Offered—Smith,
turity in 1967, and all maturities
are
callable at par after Dec. 1,
1959. The term issue is $7,500,000
Co., Inc., and Lehman
made
public
bonds bearing
under¬
associate
and
re-offering
financing is divided into
issues—$36,324,000 of Con¬
Eastern System bonds
and
$5,209,000
Securities
Corp.,
of
principal; however, it is
that $750,000 become
callable each year so that if there
(
The bonds of both
carry
for
coupons
maturities
January,
! by call at
3V2%
1946,
through July, 1949, 2V2% for ma¬
turities
January,
1950, through
July, 1961; 2%
January, 1962,
through July, 1969; 1%% January,
1970 through
July, 1971; 2*4%
for bonds due January, 1972.
All of the bonds due 1946-1954
reported to have been placed
with institutions. The remaining
bonds are being publicly re-offered at prices scaled to provide
to maturity yields from 1.80% for
bonds due January, 1955, to 2.25%
are
for bonds due 1972.
Sale of the new bonds
will en¬
all the
able the District to redeem
presently outstanding bonds of
the District, consisting of
eight
"divisional" issues.
than
par
by tender at less
if the market for the
par or
bonds is below par.
"The $1,686,000 new water re¬
funding bonds bears the low rate
of 214% and matures serially to
1963.
The
bonds
mature
4%
1967 and thereafter 414%.
to
The
Outstanding
in
outstanding
Missouri
Public
Power
Valley Division, Neb.
Bond Call—V. M.
eral
000
District,
Johnson, Gen¬
1973
water
and
bear
general refund¬
bonds bear 314%
through
1945, then 4% through 1951 and
thereafter 414% to 1973. They are
ing
July 1, 1952,
become callable
calable at par up to
after which they
103.
at
"The
the
I
refunding
plan will give
taxpayers the benefits of not
only
life
a very
of the
large saving over the
bonds, but an imme¬
continued reduction in
diate
and
debt
costs,
which will undoubt¬
edly be reflected
Consumers
available,
that amount may be retired either
Systems will
follows:
as
funds
additional
are
dated
,
for
000
System
Western
Both issues will be
interest and
provided
solidated
bonds.
314%
maturing in 1967. The retirement
schedule of the term issue pro¬
vides for an annual levy of $375,-
The
two
314% thereafter to final ma¬
and
Barney & Co., Blyth & Co., Inc.;
The First Boston Corp., Harriman
Brothers
$12,933,000 bonds bearing
issue is
Co., and Associates, at
net interest cost oi 2.326%.
&
Nuveen
consisting of July 1.
Pittsburgh, Lazard Freres & Co.,
Shields & Co., Phelps, Fenn &
Co., Union 'Securities Corp., Kid¬
der, Peabody & Co., R. W. Pressprich & Co., Goldman, Sachs &
Co., Stone & Webster and Blodget,
Inc., F. S. Moseley & Co., Paine,
Webber, Jackson & Curtis, Estabrook & Co., Glore, Forgan & Co.,
all of New York, Central Republic
Co., Harris, Hall & Co., both of
Chicago, Eastman, Dillon & Co.,
Hemphill, Noyes & Co., Hornblower & Weeks, Tucker, Anthony
& Co., L. F. Rothschild & Co., all
of New York, W. E. Hutton &
Co., of Cincinnati, Alex. Brown
&
Sons,
of Baltimore,
Merrill
Lynch, Pierce, Fenner & Beane,
of New York, Illinois Co., of Chic a g o
Wisconsin Co., of Mil¬
waukee, A. G. Becker & Co., of
New
York, Whiting, Weeks &
Stubbs,
of Boston,
Schoellkopf,
Hutton & Pomeroy, of Buffalo, W.
C. Langley & Co., of New York,
Yarnall
& Co., of Philadelphia,
Hawley, Shepard & Co., Hayden,
Miller & Co., both of Cleveland,
Chas. E. Weigold & Co., Laurence
,
&
option of the holder. Dated July 1,
1941.
Denomination $1,000.
Due
July
1,
1945
to 1971. Interest
ceases on redemption date.
of the issue on June 1.
and
Bank
National
installments
annual
writers
revenue bonds offered for
May 31—v. 159, p. 2244—
awarded
to
a
syndicate
York,
the
said: "The ordinances
Ripley
Sale—The $41,533,000 re¬
on
New
at
Chicago,
1972.
sale
of
redeemed at
& Trust Co.,
Bank
or
National
$10,673,000 2*/4s, maturing Jan.
1'
funding
were
York,
and
Bonds Publicly
Consumers Public Power District
Bond
be
may
Chemical
$10,970,000 2s, maturing $620,- duction of over 1% in the aver¬
$625,000 July 1, 1962,
age rate of interest for the entire
$630,000 Jan. and $640,000 July 1, debt of the City," he said.
1963, $645,000 Jan. and $655,000
"Annual budget appropriations
July 1, 1964, $665,000 Jan. and with
principal and interest on the
$675,000 July 1, 1965, $690,000 Jan. debt will be reduced $120,000 or
and $700,000 July 1, 1966, $710,more
in each of the next five
000 Jan. and $720,000 July 1, 1967,
years and approximately $85,000
$730,000 Jan. and $745,000 July 1, a
year thereafter to 1964, after
1968, $755,000 Jan. and $765,000 which total annual costs-decline
July 1, 1969.
to
the
year
of final maturity,
$3,180,000 l3/4s, maturing $775,- which is 1967."
000 Jan. and $785,000 July 1, 1970,
In setting forth some of the de¬
$805,000 Jan. and $815,000 July 1, tails of the new bonds, Mr. Bader
a
NEBRASKA
or
premium of 3% and
on July
1, 1944.
a
interest
bonds
New
follows:
bonds
V\
the
1971.
for
or
Said
1961.
(P. O. Roy), Mont.
The bonds are op¬ Plumb, District Clerk, will receive
redemption in inverse sealed bids until June 30 for the
on Aug.
1, 1949, purchase of $25,000 not to exceed
and on any interest payment date 5% building bonds. Dated July 1,
thereafter at par and accrued in¬ 1944. Due in 20 years. These are
terest.
Bidders shall specify the the bonds authorized at the elec¬
rate
plus
accrued
$3,615,000 3V2S, maturing $430,000 Jan. and $440,000 July 1, 1946,
$445,000 Jan. and $450,000 July 1,
1947, $455,000 Jan. and $460,000
July 1, 1948, $465,000 Jan. and
$470,000 July 1, 1949.
$13,095,000 2V2S, maturing $480,000 Jan. and $485,000 July 1, 1950,
$490,000 Jan. and $495,000 July 1,
1951, $500,000 Jan. and $505,000
July 1, 1952, $515,000 Jan. and
$520,000 July 1, 1953, $525,000 Jan.
and $530,000 July 1, 1954, $535,000
Jan. and $540,000 July
1, 1955,
$550,000 Jdn. and $555,000 July 1,
1956, $560,000 Jan. and $565,000
July 1, 1957, $570,000 Jan. and
$580,000 July 1, 1958, $585,000 Jan.
and $590,000 July 1, 1959, $595,000
Jan. and $600,000 July
1, 1960,
$610,000 Jan. and $615,000 July 1,
1960 and 1961.
tional
numerical
at par
Marks & Co., both of New
York, Watling, Lerchen & Co., of
Detroit, R. II. Moulton & Co., of
Los Angeles, Kaiser & Co., of San
Francisco, Harvey Fisk & Sons,
Reynolds & Co., A. M. Kidder &
Co., all of New York, Nashville
Securities Co., of Nashville, Wil¬
liam R. Staats Co., of Los Angeles,
Rambo, * Keen, Close & Kerner,
Butcher & Sherrerd, both of Phi¬
ladelphia, J. J. B. Hilliard &
Son, of Louisville, John M. Doug¬
las, of Omaha, Curtiss, House &
Co., of Cleveland, City Securities
Corp., of Indianapolis, Cohu &
Torrey, of New York, Stix & Co.,,
of St. Louis, Schmidt, Poole & Co.,
of Philadelphia, J. R. Williston &
Co., of New York, Scharff
Jones, of New Orleans, and Seasongood & Mayer, of Cincinnati.
The successful syndicate paid a
price of 100.001, a net interest cost
of 2.178%, for the bonds divided
M.
000 Jan. and
Election—At
Bond
MISSISSIPPI
1944. Enclose
$1,000, pay¬
able to the District.
con¬
act, enjoy a prior pledge of such
Peabody, Mass...
Outlook
for bonds of both
types.
Bidders to name the rate
of interest in multiples of onethereafter,
struction bonds.
gether with the other bonds au¬
thorized and permitted under the
MASSACHUSETTS
Financial
on April 1, 1954,
interest payment date
any
tion fee at the office of the State
Plan Bond Election—The Board
Bank
; Tond
manent
ment
Goodhue
urer's
Lewiston, Me.
4
on
inverse
and will pay for the print¬
ing of the bonds and the registra¬
No. 68 (P.
coupons
Levee
di¬
was
MINNESOTA
be !
payment, with all
attached, at
any of the places of payment des¬
ignated on the face thereof.
Orleans
The action
against Earl L. Clark, Oak¬
for
presented
unmatured
or
in
par,
by
Keefe and W. D.
sued
payment, at
numerical order,
land County Drain Commissioner., Louis,
reports that $225,020 2%%
re¬
funding paving, Series B, certifi¬
on
encumbrances,
for
Michigan Su¬
appealed to the! eighth of 1 % v and must be the
Kenneth M. same for all of the bonds. Princi¬
was
tribunal
Certificate Call—Jesse S. Cave,
Commissioner of Public Finance,
cates
all
The decision of the
rected
New
of
,
including assessments for drain
projects
previously constructed.
No. 5 (P. O. Jena), La.
; !
Sale Date Not Yet Fixed—J. D.
no
i
provide that the purchaser receive
Co., Chicago.
LOUISIANA
La
prior payment, or for bonds so
maturing absolutely, but callable
These statutes permit the
land
subject to special
of
2355
in further im¬
values
provement in property
throughout the City.
"Prior to final
approval of the
Manager, reports that $559,-
ordinances, the plan, as required
234%, 3V4%, or 3V2% revenue
by New Jersey law, will be sub¬
mitted to the local government
bonds, Nos. 17 to 575, are called
payment in both principal
for
board in
and interest and will be redeemed
thority
Trenton, which has au¬
over
all
aspects
of
re-
funding in New Jersey, including
maturities, interest rates and
<TCOSts."
•
Lodi, N. J.
Bond
Sale
Postponed — Reed,
Hoyt & Washburn, of New York,
report that owing to an error in
the notice of sale as contained in
local newspaper,
the sale of the
$384,000 refunding of 1944 bonds
scheduled for June 2, will be post¬
poned to a date to be fixed later.
All bids received will be returned.
a
Report of the offering apppeared
in V.
159,
2244.
p.
Dated June 15,1944.
Bidders are
requested to state the denomina¬
tions in which they desire the
certificates to be issued, which
must be in multiples of $5,000.
15, 1944. Bidders will be
required to name one interest rate
on the entire issue and at such de¬
finite rate of interest expressed
Due Dec.
of any fraction of 1%,
but at no hgher rate of interest
than shall be required to insure
the sale of such certificates at par.
in multiples
Comparison of bids will be made
Dated
lows:
fered for sale
and $13,000
2246 — were awarded to the
Power City Trust Co., of Niagara
$1,000. Due April 1, as fol¬
$12,000 in 1945 and 1946,
in 1947 and 1948. Rate
of interest to be in multiples of
V4
and must
one-tenth of 1%
or
be the
for all of the bonds.
same
to Section 5-b of
Chapter 782 Of the Laws of New
York of 1933, as amended, for the
purpose of paying the cost of ma¬
terials, supplies and equipment
for public works projects in the
Issued pursuant
is
which
of
fulness
5
years or
respective
bids
and
deducting
Call—Joseph D. Pacello, therefrom the premium offered, more. Principal and interest pay¬
Borough Clerk, reports that the if any. No bid will be accepted for able at the City Comptroller's of¬
Borough has determined to re- less than the par value of the cer¬ fice.'" Valid and legally binding
standing
$1,823,000 general re¬ tificates, and bids must be uncon¬ obligations of the city, for the
deem on July 1, all of the outditional.
Principal and interest payment of the principal of and
interest on which the city is em¬
funding bonds, $197,000 general
payable at the City Comptroller's
refunding
(water)
and $49,000 office or at the Central Hanover powered and obligated by law to
water refunding bonds, dated July
Bank
&
Trust Co., New York. levy on all taxable property of
1, 1940, and that said bonds will Since certificates for any fiscal the city such ad valorem taxes as
be redeemed at par and accrued
may be necessary without limita¬
year may not be issued in excess
interest, at the Lodi Trust Co., of the amount of taxes for such tion as to rate or amount; the pur¬
Lodi, on presentation and sur¬ fiscal year remaining uncollected chaser will be furnished with the
render.
Each bond surrendered
at the time of the delivery, the opinion of Sullivan, Donovan &
must, unless it has been convert¬
into a bond registered as to
both principal and interest, be ac¬
companied by all coupons for in¬
terest accruing after July 1, 1944.
Coupons for interest due on
July
may be atached to the
bonds for payment, or, if detached
1944,
1,
the
by
bonds
the
from
holders
for
be presented
payment in the usual course.
^thereof,
may
In¬
called.
terest ceases on date
Manasquan, N.
J.
Bond Offering—V. Miller Pres¬
Borough Clerk, will receive
(EWT) on
June 20 for the purchase of $49,000 not to exceed 6% interest cou¬
ton,
sealed bids until 8 p.m.
pon
to reduce the
certificates awarded for
reserved
is
right
amount of
fiscal year accordingly.
such
de¬
furnished to the purchaser on
livery. The certificates will be de¬
livered to the successful bidder
only
bonds, registerable at payable to the City Comptroller.
option
as
to principal
Buffalo and Fort Erie Public
as to both principal and
Bridge Authority, N. Y.
or
1, 1944.
interest. Dated July
nomination
July
1945 to 1951 inclu¬
and interest (J-J)
Manasquan National
from
1
De¬
$1,000. Due $7,000 on
sive. Principal
at
payable
price named by
the bidder must be not less than
Purchase
Bank.
$49,000 nor more than $50,000.
Legality approved by Reed, Hoyt
& Washburn of New York City.
Middlesex County
(P. O. New
Brunswick), N. J.
Sale—M.
Bond
Freeman
M.
Co., of Philadelphia was the suc¬
bidder for the
$423,000
cessful
and B
A
Series
improvement,
general
bonds, offered for sale on
1—v.
159, p.. 2245—taking
June
$422,000, as 1.10s, paying a price
of
100.249,
a
basis
of
about
1.064%. Dated June 15, 1944. De¬
nomination
1945
$1,000.
The
1959.
to
bidder
Blair
was:
Bond
Call—Harry Yates, Chair¬
Authority, reports that
pursuant to the provisions of Sec¬
man
tion
June 15,
next highest
Co.,
2, Article II of Trust Inden¬
Inc.,
Goldman, Sachs & Co., and Mac-
Buffalo
of
ture
facturers and Traders Trust Com¬
Lynn
and
pany
Spencer
B.
issued
the following series and
numbers, have been drawn by lot
for redemption on July 1, for the
account of the Sinking Fund:
Series
A
bonds
Nos.
1974.
Series A-l
bonds Nos.
Bond
Offering—E.
*M—45,
*All
bear
bonds
letter
"M"
of
$1,000.
will
Clerk,
No discount
readvertise.
or
com¬
mission will be allowed or paid on
the
sale
of
the
bonds.
Principal
1944, upon sur¬
the Manu¬
and Traders Trust Co.
interest to July 1,
render of said bonds at
facturers
payable at the office
of the City Treasurer.
Enclose a Hempstead Union Free School Dis¬
trict No. 17 (P. O. Franklin
certified check for 5% of amount
and interest
Square), N. Y.
bid, payable to the City Treasurer.
Bond Sale
The $29,000 school
NEW YORK
site bonds offered for sale on June
1 were awarded to the Franklin
—
Buffalo, N. Y.
Certificate Offering—Frank
M.
Davis, City Comptroller, will re¬
ceive
sealed
chase
not
to
bids
until
11
a.m.
June 6, for the pur¬
fthe following $3,175,000
(EWT),
on
o
exceed
6%
certificates of
indebtedness:
Square
National
Bank
as
IV2S,
paying a price of 100.127, a basis
of about 1.48%. The next highest
bidder
was:
First
National Bank
& Trust Co., Floral
at
a
Park, for lVzS,
price of 100.10.
Mount
Bond Offering—John
Lynn, City
Series
1939-1940.
600.000
Series
1940-1941.
Comptroller,
625,000
Series
1941-1942.
bids until 11
650.000
Series
1942-1943.
receive sealed
(EWT), on June
7, for the purchase of $50,000 not
700,000
Series
1943-1944.
to exceed 5% coupon or
The enactment,
be
may
Comptrol¬
at any time
prior to the delivery of the
his
from
the
under
obligations
of sale and
terms of the contract
the
entitle
purchaser to the re¬
deposited with
Enclose a certified check
turn of the amount
the bid.
lows:
Registerable as to principal
City.
only; general obligations;
ited tax; delivery at place
Bidders
choice.
chaser's
unlim¬
of pur¬
are
re¬
quested to make the interest rate
Co., Buffalo (plus a premium of, or rates in multiples of xk of 1%.
Each bid may name one rate for
$5.00), at 0.44% discount.
part of the bonds (having the
Rochester, N. Y.
earliest maturities)
and another
Note Offering — W. Raymond rate for the
balance, but no bid
Whitley, City Comptroller, will may name more than two rates,
Manufacturers and Traders Trust
cnase
to
each
the basis of total
on
deducting
after
cost
interest
his
local
The award is
15, 1945.
be made
any
Bids must be submit¬
premiums.
in
bonds of
will be
awarded to the bidder offering to
ted for all or none. Bidder to state
designate denom¬
desired, and to whom
shall
be
made
payable.
will be made payable to
bidder must specify
each
and
pur-
special
Dated June 15, 1944.
works notes.
Due Feb.
noon
for the
on June 6
of
$875,000
(EWT)
until
bids
sealed
receive
the
bid
of
amount
bonds
The
rate.
purchase the bonds at the lowest
cost to- the Town, such
interest
cost to be determined by
amount of interest upon
inations
bonds
notes
Notes
request. No bids will
accepted at less than par and
bearer upon
be
computed
the
to
on
The
interest and will be
with
deliverable
basis of 360 days
notes will be
a
year.
drawn
Interest will be
interest.
accrued
payable at the
Bank & Trust
and
Hanover
Central
deduct¬
ing the total amount of the pre¬
mium
bid
from
the
aggregate
rate of interest,
until
No
turities.
and
all of the
their respective ma¬
bid
of less than par
interest will be en¬
accrued
The
tertained.
approving opinion
Reed, Hoyt & Washburn of
York, will be furnished the
purchaser. In the event that prior
to the delivery of the bonds the
income received by private hold¬
of
New
from bonds of the same type
ers
as
(P. O. Liverpool), N.
Bond
Offering —
George
Salina
Mutual Life Insurance Company
New
Offers
York
$17,565,000
and Municipal Holdings
State
the
of
evidence
L.
Supervisor,
Town
sealed
receive
Y.
will
until 2
p.m.
bids
(EWT) on June 8 for the purchase
$150,000 not to exceed 5% in¬
of
—
im¬
terest coupon or
Secretary-Treasurer, reports that
refunding bonds are
called for payment on July 1, 1944
at par and accrued interest:
the following
$2,000 water and sewer bonds, j
8,000 water, sewer and municipal
building bonds.
registered Matty-
dale
clusive. Bidder to name one
1, 1960.
made
company's offices, 34 Nas¬
Liverpool Bank, Liverpool, with
New York exchange.
Bonds are
cash payment
taxes
valorem
ad
upon
be
1944, on
Fayetteville, N. C.
Bond
Offering
—
W. E.
Easter-
ling, Secretary, Local Government
Commission, will receive sealed
bids at his office in Raleigh until
company
in New York funds ited
will
called.
St., New York 5, until noon general obligations of the town,
in first instance from
on June 6.
Bids will be consid¬ payable
against
benefited
ered only for the full amount of assessments
the
bonds
said
after July 1,
presentation of the bonds, with
1, 1945 and subsequent cou¬
pons attached, at the Chase Na¬
tional Bank, New York City. Cou¬
pons maturing July 1,
1944 and
prior will be paid on like pre¬
sentation. Interest ceases on date
sau
each lot and
or
on
Jan.
rate
York, of an offering of $17,565,000
of interest, expressed in a multiple
holdings of State and muni¬
of Vi or l/10th of 1%. Principal
cipal bonds.
The offering con¬
(J-D) payable at
sists
of 40
individual
lots, on and interest
which sealed bids will be received
of
amount
of its
at the
July 1, 1935. Due July
Payment of the principal
Dated
S^wer District, second series
forthcoming Fifth
bonds.
Dated June 1, 1944.
DeWar
Loan
drive, which opens
nominatiW $1,000. Due June 1, as
June 12, is seen in the announce¬
follows: $5,000 from 1945 to 1953
ment on May 31 by the Mutual
inclusive; $7,000, 1954 to 1968 in¬
Life Insurance Company of New
minence of the
N. C.
Rhyne, Town
Bessemer City,
Bond Call—M. L.
to rate or amount.
Traister,
New York
of
payable to the State Treasurer.
required, if necessary, to levy ad
taxes without limitation
valorem
$1,000, payable to the city.
for
and
all
on
each lot.
of Detroit, $2,000,000 State
Highway bonds, $1,-
City
of Louisiana
City of Chicago Water
$1,000,000 Boston Metro¬
politan District, $1,000,000 Nash¬
ville,
Tenn.
Electric
Revenue
bonds, $840,000 State of Illinois
Highway bonds, $805,000 City of
Los Angeles Electric Plant bonds,
$605,000 City of San Francisco
and $500,000 State of Tennessee
Highway bonds.
800,000
Works,
The offering is
of
transaction
the largest single
its
kind
ever
an¬
nounced and is being undertaken
Life presumably
of permitting re¬
the
coming Fifth War Loan offering.
Operations of this character have
by
the
will
Mutual
order of the
to
town, is required.
rather
numerous
in
recent
particularly when war loan
in the offing. They
have been proved profitable to
both sellers and municipal deal¬
years,
programs are
ers,
the former cashing in on ex¬
otherwise
available
because
of
war-induced
restrictions
on
State and local borrowing.
new
as
Bond Sale—The
*1949, $6,000 in
$3,000 in 1954
and 1955, $6,000 in 1956, $5,000 in 1957, $6,000 in 1958,
and $3,000 in 1959.
follows:
1,-1945
(o 1954 inclusive; $40,000 series B,
due 1945-1954; $7,000 series C, due
1945-1949; $21,000 series D, due
1945-1949; $30,000 series E, due
and
1944
1,
divided
as
to
1950
$248,000 public
$150,000 series A, due June
follows: $6,000 in 1946, $3,-
000 in 1947 to
•
improvement bonds offered June
1—v. 159, p. 2246—were awarded
to Glore, Forgan & Co., New York,
as
0.75s, at a price of 100.066, a
basis of about 0.734%. Dated June
1953,
35,000 street improvement bonds.
Due June 1, as follows: $2,000
in 1947 to 1949, $4,000 in 1950,
$2,000 in 1951 and 1952, $4,000
in 1953, $2,000 in 1954 and
1955, $3,000 in 1956, $4,000 in
1957 and 1958, and $2,000 in
1959.
Dated June 1, 1944.
Denomina¬
$1,000. Principal and inter¬
payable in New York City.
General
obligations;
unlimited
high bid of
100.026 for 0.75s was made by the
Mercantile-Commerce
Bank
&
tion
Trust
tax; registerable as to principal
alone; delivery on or about June
1945-1947.
Second
Co., St. Louis.
NORTH
CAROLINA
est
1944, at place of purchaser's
A separate bid for each
issue (not less than par and ac¬
crued interest) is required. Bid¬
22,
choice.
Bond
Apex, N. C.
Williamson,
Call—W.. T.
Town Manager,
reports that sewer
dated July
bonds Nos. 1 through 3,
1, 1935, maturing July 1, 1969, are
called for payment on July 1, at
par
and accrued interest. Interest
ceases
on
date called.
Asheboro, N. C.
tax-exempts and the latter find¬
ing them a source of activity not
1
.
Utica, N. Y.
investment of the proceeds in
been
a.m.
-■
for the purpose
a.m.
registered
payable
$3,000,
<
Among the blocks of bonds in¬
cluded in the sale are $2,394,000
11
in
property
delivery will be made in that taxable
tremely high prices prevailing for
Vernon, N. Y.
$600,000
f
which
forms
on
of
value
obtained from the City
ler.
The made
above bonds will be redeemed on
date called, at 101 M>% of the prin¬
receive sealed cipal amount thereof, plus ac¬
bids until 8 p.m. on June 30 for crued interest to date of redemp¬
the purchase of $30,000 1%% air¬
tion, upon surrender thereof, with
port acquisition bonds. Dated May all unmatured coupons attached,
1,1944. Denomination $1,000. Due at the Manufacturers and Traders
$3,000 May 1, 1945 to 1954. The Trust Co., Buffalo (5) New York.
bonds will be sold at not less than On arid after July 1, interest will
par and accrued interest on the cease to accrue on the above men¬
date of delivery for cash only, to tioned
bonds.
Holders
of
the
the highest and best bidder, sub¬ aboye bonds may at their option
ject to the right of the City Coun¬ receive immediate payment of the
cil to reject any and all bids and
principal, premium, and accrued
City
desired
par
Falls, at 0.41% discount, plus a
premium of $.92. Dated June 1,
1944.
Denominations $25,000 and
one for $30,974.
Due Dec. 1, 1944.
The next highest bidder was the
$1,000. Due June 15, as fol¬
$1,000 in 1952 to 1959, and
$2,000 in 1960 to 1963. Principal
and interest payable in New York
tion
(EWT), on June 6, for
the town.
the following $100,000 not to ex¬
approved by Vandecity on June 13. No good faith Legality
ceed 6% coupon bonds:
the
distin¬ deposits will be required of bid¬ water, Sykes & Galloway of New
and are in ders and individual bids must be York City. A certified check for $65,000 street bonds. Due June 1,
Roberts,
A.
the
bonds, or if conditioned other than
upon the notice of sale. Bids are
than
less
at
May 29—v. 159,
on
p.
purchase of $16,000 not to exceed
6%
coupon
refunding
bonds.
Dated June 15, 1944. Denomina¬
states property in the sewer district, or
458, that all awards will be made for in the alternative, from unlim¬
105, 127, 157, 178, 221, 310,
504, 578, 698, 765, 1009, 1072, 1104,
1178, 1261, 1448, 1521 and 1732.
denominations
Carlsbad, N. Mex.
}
*M—239,
312, 498, 510, ,720, 884, 1105, 1139,
1153, 1205, 1219, 1389, 1562* 1609,
1619, 1692, 1700, 1777, 1925 and
guishing
MEXICO
desig¬
thereunder,
nated by
Co., for 423,000,
price of 100.10.
NEW
all of the bonds, or
for less than
Additional
as
trustees, dated Jan. 1, 1934, due
July 1, 1 954, $40,000 principal
amount of First Lien 5% 20-year
Bride, Miller &
1.10s, at a
Fort. Erie
and
Public Bridge Authority to Manu¬
Due
&
of the
bonds
&
Heenehan, of New York, to that
Bids will not be considered
efect.
of
and character shall be taxable by
bonds,
Co., New York. The notes will be the terms of any Federal income
of Federal legislation which, in
at the City Comptroller's office
delivered on June 15, or as soon tax
law, the successful bidder
terms, by the repeal or omission
or at the Central Hanover Bank &
after that date as notes can be
may, at his election, be relieved
of exemptions or otherwise, sub¬
Trust Co., New York
(the pre¬
prepared. Legal opinion will be of his obligations under the con¬
jects to a Federal income tax the
ferred place of delivery to be spe¬
furnished by Reed, Hoyt & Wash¬ tract to
purchase the bonds and in
interest on bonds of a class or
cified in bid), on June 15, 1944,
burn, of New York, and will state such case the deposit accompany¬
character
which
includes these
that the nofes are valid and legal¬
upon the payment of the balance
ing his bid will be returned. En¬
bonds, will, at the election of the
due, plus accrued interest.
En¬
ly binding obligations for the pay¬ close a certified check for $320,
purchaser, relieve the purchaser
close a certified check for $63,500,
ment of which the City may be
sewer
holder's
as
The
legality of the certificates will be
examined by Caldwell, Marshall,
Trimble & Mitchell, of New York,
whose favorable opinion will be
of¬
indebtedness
tion
Bond
ed
Certificate
certificates
the city, the period of probable use¬
by taking the cost named in
Niagara Falls', N. Y.
Sale —The $105,974
works projects bonds.
April lj 1944. Denomina¬
public
Monday, June 5, 1944
& FINANCIAL CHRONICLE
THE COMMERCIAL
2356
Bond
Offering —W. E. Easter-
ling, Secretary Local Government
Commission, will receive sealed
bids at his office in Raleigh until
11
a.m.
(EWT) on
ders
are
terest
of
requested to name the in¬
or rates in multiples
rate
V4 of 1%; each bid may name
of the bonds of
(having the earliest
maturities) and another rate for
the balance, but no bid may name
more than two rates for either is¬
one
rate for part
either
sue,
issue
and each bidder must
specify
bidf-ithe.^arpfiunt of the
bonds of each-.rate.,- The bonds
June 6 for the will be awarded to the bidder ofin
his
Volume
fering
the
the bonds at
purchase
to
the
to
cost
interest
lowest
THE COMMERCIAL &
Number 4287
159
-city, such cost to be determined
by dedutting the total amount of
premium bid from the aggre¬
gate amount of interest upon all
of the bonds until their respective
maturities.
Bids must be on a
form to be furnished with addi¬
tional information by the above
the
.
The approving opinion
& Mitchell of New
Secretary.
Masslich
of
the
purchaser. In the event that prior
City, will be furnished
York
delivery of the bonds the
income received by private hold¬
ers from bonds of the same type
to
the
taxable by
Federal income
and character shall be
the terms of any
able
at
as to principal only; delivery
place of purchaser's choice. The
interest rate
rates, in multiples
Each bid may name
or
of V\ of 1%.
rate for part
bonds will be awarded to the bid¬
one
der
another rate
offering to purchase them at
lowest
the
interest
cost
the
to
FINANCIAL CHRONICLE
or
Town, such cost to be determined
ance, but no bid may name more
than three rates, and each bidder
by deducting the total amount of
the premium bid from the aggre¬
of bonds
gate amount of interest upon all
of the bonds until their respec¬
maturities.
tive
N§ bid for less
interest will
than par and accrued
In the event that
be entertained.
prior to the delivery of the bonds
the income received by private
holders from bonds of the same
character shall be tax¬
able by the terms of any Federal
income
tax
law, the successful
bidder may, at his election, be
relieved of his obligations under
type and
must
bonds will be prepared under the
direction of the city, the cost of
of the bonds and printing the
rates for the bal¬
2357
to
reject
and all bids is
any
Enclose
.
of each rate.
tive
maturities.
The
be awarded to the bidder
low¬
such
by deduct¬
ing the total amount of the pre¬
bid
from
the
aggregate
amount of interest upon all of the
mium
turities.
and
their respective
until
bonds
ma¬
bid of less than par
No
interest will be
accrued
en¬
bonds
Ohio (State
of)
Municipal Market Improves—J.
will
offering
to purchase the bonds at the
est interest cost to the City,
cost to be determined
...
Each rate
bonds
A.
& Co., Cincinnati, re¬
May 31, as follows:
Although the tone of the Ohio
Municipal Market has improved
during the past week, this im¬
has
not
of
bonds
the
yield
remained
1.31%,-; The
for
20
for
sold
for
less
not
accrued
interest.
the rate
name
is'Villing
accept the bonds at par.
est
The
designated in the bid accepted.
bidder will be required to
add to his bid
net
cost
statement of the
a
the
to
city if his bid.is
accepted. The right is reserved by
at
the
be
and
par
The
Ohio
unchanged
indices
of*
ac¬
bonds will bear the rate of inter¬
through to higher prices, and our
index
with
of interest at which he
to
carried
yet
numer¬
payment
thereof
Each bidder should
on
provement
value
will
than
White
ported
face
the
upon
interest on any interest
paying date at or after 5 years.
Principal and interest payable at
the City Treasurer's office.
The
specify in his bid the amount for 2% of bid.
must be bid for bonds of consecu¬
1958, optional in
crued
re¬
certified check
a
to
order
the
to be paid by
bidder.
The right
same
the successful
served.
1945
ical
the
Common
10
Council
to
accept
any bid or to reject all bids in
successful bidder
bonds and the
10
tertained. Bids must be on a form high grade
the interest of the city. The prior
may, at his election, be relieved of
lower grade bonds likewise re¬
to be furnished with additional
legal approving opinion of Teal,
his obligations under the contract the contract to purchase the bonds
main
unchanged at 1.16% and
and in such case the deposit ac¬ information by the above Secre¬
Winfree, McCulloch,, Shuler
&
to purchase the bonds and in such
1.46%, respectively, but the de¬
companying his bid will be re¬ tary. In the event that prior to the
Kelley, of Portland, will be fur¬
■case the deposit accompanying his
mand recently appears to be more
nished the successful bidder. En¬
bid will be returned.
Enclose a turned. The approving opinion of delivery of the bonds the income pronounced for
higher grade close a certified check for
received by private holders from
2% of
certified check for $2,000, payable Storey, Thorndike, Palmer &
names.
bonds of the same type and char¬
the bonds, payable to the city.
Dodge, of Boston, will be fur¬
to the State Treasurer.
tax
the
law,
the
nished
Hyde County (P. O. Swan
Quarter), N. C.
Bond Offering—Bonner R. Lee,
,
Clerk, Board of County Commis¬
sioners, will receive sealed bids
until 10 a.m. on June 5 for the
4%-5% coupon
(non-callable) bonds as
certified
to the State Treasurer.
Polk
refunding
ment
$1,000 bond No.
1946. V
1,000
/'V
1,000
1,000
Easter-
Commission,
will
receive
bond No.
^
a.m. (EWT) on June 6, for
purchase of the following
until 11
the
coupon
refunding bonds:
V
-
T
,
Due July 1,
7.
$18,000 road, bridge
and general
bonds. Due June
1, as follows:
,
Due July 1,
bond No. 8.
1947.
,
E.
Local j Govern¬
Due July 1, $24,000 not to exceed 6%
bond No. 6.
1946.
-
Due July 1,
5.
'
1946.
1,000
:
•
Offering—W.
Secretary,
sealed bids at his office in Raleigh
follows:
-
Columbus)t
County (P. O.
Bond
ling,
'
.
N. C.
purchase of $7,000
•*:
purchaser. Enclose a
for $120, payable
check
$4,000
■
,
Due July 1,
bond No. 9.
in
1963
to
1965,
and
6,000 school bonds. Due June 1,
1947
1963 to 1965.
Due July 1,
1,000 bond No. 23.
1949
Dated June
1, 1944. Denomina¬
tion
Due July 1,
$1,000. Principal and inter¬
est payable in lawful money in
New York City.
General obliga¬
Dated July 1, 1939. The bonds
"bear interest at 4% per annum to
tions; unlimited tax; registerable
1,000 bond No. 26.
■
1949.
>
as
to principal only; delivery at
1, 1944 and 5% thereafter. place of purchaser's choice.
A
Payable in New York City; gen¬ separate bid for each issue (not
eral obligations; unlimited tax. A less than par and accrued inter¬
separate bid for each bond is re¬ est) is required.
Bidders are re¬
quired. Each bond will be awarded quested to name the interest rate
to the bidder offering to purchase or rates, in multiples of lk of 1 %;
July
the
at
same
price plus
dollar
highest
the
accrued interest.
The
each
be
taxable
by
the
Portsmouth, Ohio
Seaside, Ore,
'
Bond Offering—James D. Wil¬
Bond Voted—Gault Patton, City
liams, City Auditor, will receive
Auditor, reports that the election
sealed bids until 2 p.m. (EWT),
held recently resulted in favor of
ligations under the contract to on June 14, for the purchase of
issuing $65,000 hospital bonds.
purchase the bonds and in such $128,000 not to exceed 6% refund¬
case the deposit accompanying his
ing bonds. Dated April 1, 1944.
PENNSYLVANIA
bid will be returned. The approv¬ Denom. $1,000.
Due $5,000 April
Erie County (P. O, Erie), Pa.
ing opnion of Masslich & Mitchell, and Oct. 1, 1949, $6,000 April and
of New York, will be furnished Oct. 1,
Preparation for Sale Made —
1950, $8,000 April and Oct.
the purchaser. Enclose a certified 1,
1951, $12,000 April and Oct. 1, Harvey M. Willis, County Con-*
check for $6,000, payable to the
troller, reports that preparations
1952, $15,000 April and Oct. 1,
State Treasurer.
1953, and $18,000 April and Oct. for the sale of $200,000 refunding
1, 1954. Rate of interest to be in bonds were made recently.
NORTH DAKOTA
multiples of V4 of 1%; Said bonds Lackawanna
County (P. O. ScranDevils Lake School Cictrict, N. D. are issued for the purpose of ex¬
ton), Pa.
Bond Sale
The $128,000 re¬ tending the time of payment by
Bond Sale
The $400,000 re¬
funding bonds offered for sale on refunding certain General bonds funding, road and
bridge im¬
in the amount of $128,000, under
May 25 —v. 159, p. 2022 —were
provement bonds offered for sale
awarded to a syndicate composed authority of the general laws of
on May 31—v. 159, p. 2133—were
the
State,
particularly
Section
of Kalman & Co., J. M. Dain &
awarded to a syndicate composed
2293-5 of the General Code, and
Co., and the Allison-Williams Co.,
of Stroud & Co., of Philadelphia,
in
accordance
with
Ordinance
of Minneapolis, as lV4s, paying a
Deane
& Scribner,
of
Number 23, passed on May 17, Singer,
price of 100.976, a basis of about
Pittsburgh, Dolphin & Co., and
1.10%. Dated July 1, 1944. De¬ 1944, $26,000 of said, bonds to be
refunded are payable from taxes Schmidt,, Poole & Co., both of
nomination $1,000, Due July 1, as
lV4s, paying a
levied within the 10-mill limita¬ Philadelphia, as
follows:- $10,000 in 1945 to 1954,
tion and $102,000 of said bonds to price of 101.229, a basis of about
$13,000 in 1955 and $15,000 in 1956.
0.97%. Dated June 1, 1944, and
be
refunded
are
payable from
The next highest bidder was the
will mature in $20,000 blocks each
taxes to be levied beyond the 10Bank of North Dakota, Bismarck,
mill limitation. Principal and in¬ year beginning June 1, 1945 and
for 114s, offering a price of 100.terest of all of said bonds shall be continuing to June 1, 1964, Other
any
Federal income tax
law, the successful bidder may, at
his election, be relieved of his ob¬
—
—
$6,000 in 1966.
,
shall
acter
terms of
972.
■■
payable at the office of the City
bid may name one rate for
OHIO
part of the bonds of either issue
Auditor.
The
bonds
will
be
bidders
to the highest bidder, at not less
right to reject (having the earliest maturities)
Coal Township School District
than par and accrued interest. All
the bids for any or all of said and another rate for the balance,
(P. O. Coalton), Ohio
bids must be unconditional and
bonds. Delivery will be made on but no bid may name more than
Bonds Defeated—At the primary state the number of bonds bid for
or about June 12, at such bank or
two
rates for either issue,
and
election held recently, the $15,000 and the gross amount bid and ac¬
trust company specified by the each bidder must specify in his
construction
bonds
failed
to crued interest to date of delivery.
purchaser in his bid. A certified bid the amount of bonds of each
■■.■ .The
aprpoving opinion of f Peck,
ccopy of the approving legal opin¬ rate. The bonds will be awarded 'carry.
Shaffer
Williams, of''Cincin¬
ion of Storey, Thorndike, Palmer to the bidder offering to purchase Geauga County (P. O. Chardon),
nati, who have supervised the
& Dodge, of Boston, may be se¬ the bonds at the lowest interest
Ohio
proceedings authorizing the issue
cured upon request from the Lo¬ cost to the county, such cost to be
Bond Issue Proposed—An issue
of said bonds will be furnished to
cal
Government Commisison at determined by deducting the total of
County Fair Ground bonds has the successful bidder without ad¬
Raleigh. Confirmation of sale will amount of the premium bid from been
proposed.
ditional cost.
Printing of bonds
be made by mail on June 5 and the aggregate amount of interest
will be furnished and paid for by
Lima, Ohio
each bid will be considered firm upon all of the bonds until their
until June 8.
;
,
;
respective maturities.
.
No bid for
Bond
less than all of the bonds will be City Auditor, reports that a syn¬
C.
dicate composed of Siler, Roose &
Call—C. H. Whitlock, entertained. The approving opin¬
ion of Storey, Thorndike, Palmer Co., of Toledo, Braun, Bosworth
.Town Clerk and Treasurer, re¬
& Dodge, of Boston, will be fur¬ & Co., Inc., and McDonald & Co.,
ports that 3% and 5% refunding,
nished
the
purchaser.
In
the of Cleveland, recently purchased
Series "A," bonds N6s. 1 to 5, ag¬
event that prior to the delivery the $500,000
2% first mortgage
gregating $5,000, are called for
of the bonds the income received water works revenue bonds of¬
payment on July 1, on which date
fered for sale on May 31.
Dated
interest ceases, at par and accrued by private holders from bonds of
the same type and character shall May 1, 1944. Due May 1, 1945 to
interest. Dated July 1, 1935. Due
These bonds are part of an
be taxable by the terms of any 1962.
July 1,1965. Holders shall present
Federal income tax law, the suc¬ authorized issue of $850,000.
The
their bonds for payment at the
cessful bidder may, at his elec¬ above syndicate has been granted
Central Hanover Bank & Trust
an option to purchase the balance
.Co., New York City, with Jan. 1, tion, be relieved of his obligations
under the
contract to purchase of $350,000 at the same rate and
1944, and subsequent coupons atthe bonds and, in such case, the maturity.
t
tached.
a.-v..
deposit accompanying his bid will
Lorain, Ohio
Parkton, N. C.
be returned. Enclose a certified
Bond Offering — Earl Frank,
Bond Offering —W. E. Easter- check for $480, payable to the
City Auditor, will receive sealed
ling, Secretary, Local Government State Treasurer.
bids until noon on June 12, for
Commission, will receive sealed
the purchase of $18,000 not to ex¬
Wilmington, N. C.
bids at his office in Raleigh, until
Bond Offering — W. E. Easter- ceed 3% Longfellow Park addi¬
11 a.m. (EWT) on June 6 for the
tion bonds. Dated July 1,1944. De¬
purchase of $6,000 not to exceed ling Secretary, Local Government
nomination
$1,000.
Due
$2,000
3V2% coupon municipal improve¬ Commission, will receive sealed
bids at his office in Raleigh, until from Nov. 1, 1945 to 1953. Rate of
ment refunding bonds. Dated June
11 a.m. (EWT) on June 13 for the interest to be in multiples of V\
1 1944. Denomination $1,000. Due
purchase of $300,000 not to exceed of 1%. No bids for less than par
$1,000 Dec. 1, 1945 to 1950. Rate
6% interest coupon water works and accrued interest. The bonds
or rates of interest to be in mul¬
extension bonds.
Dated April 1, to be delivered at Lorain. Prin¬
tiples of y4 of 1%. Each bid may
1944.
Denomination $1,000.
Due cipal and interest payable at the
name
one
rate for part of the
Oct. 1, as follows: $4,000 in 1945 office of the Sinking Fund Trus¬
bonds
(having the earliest ma¬
to
1948, $6,000 in 1949 to 1954, tees." A complete transcript of the
turities) and another rate for the
balance, but ho bid may name $8,000 in 1955 to 1960, and $10,000 proceedings relative to the above
in 1961 to 1980. Principal and in¬ bonds to*be approved by Squire,
more
than two rates and each
terest payable in New York City. Sanders
& Dempsey, of Cleve¬
bidder must specify in his bid the
Maxton, N.
...
Bond
■
..
amount
.
of
bonds
•
breach
as to principal; gen¬ land, will be furnished the suc¬
obligations; unlimited tax; cessful bidder upon the day of
The legal opinion expense
delivery on or about July 3, 1944, sale.
at place of purchaser's choice. Bid¬ of such transcript to be paid by
The blank
ders are requested to name the the successful bidder.
rate. Registerable
Inters#: payable in
lawful
monejh> at^thei Scottish
Bank, Lumbertotf^ General obli¬
gations; ■ unlimited tax; registerPrincipal and
eral
Int. Rate
Noyes
&
Charles
Clark
&
Price
Co.;
Co.;
Schmertz
Phillips,
and
Co.,
Geo.
^
&
Ap-
G.
......
plegate
and
I U/o
__*
Stuart
&
Co.,
Leonard &
Halsey,
Lvnch
100.439
v .•
Moore,
.
v? .v.
.
IV*
—
100.40
Webster
A.
Dougherty &
Butcher & Sher-
:
Sale—George A. Bagoon,
follows:
as
Hemphill,
Board reserves the
.
were
Bidder—
sold
Co.;
,
rerd, and Rambo, Keen,
Close
&
First Boston Corp.;
&
Co., Inc.,
100.328
V/i
101,071
Blair
H.
and E.
Rollins & Sons
—
New Castle,
Bond
v>\:'■
,.
;;
l'A
Kerner———
Pa.
Offering—C.
Ed. Brown,
receive sealedbids until-10 a.m. on June-12, for
expense
of the purchaser.
En¬ the purchase of $60,000 not to ex¬
close a certified check for 1% of ceed 3% sewage disposal bonds.
the bonds bid for, payable to the Dated July 1, 1944. Denomination
$1,000.
Due July 1, as follows:
city.
$3,000 in 1946 to 1961, and $4,000
the
Delivery of bonds will
be made outside of the city at the
city.
West
Union, Ohio
Bond Issue Approved—An issue
of
$5,000 water works bonds has
been approved by the voters.
City
Clerk,
in 1962 and 1964.
be
registered
and
full
the
the city
The bonds may
to principal only
faith
and
of
credit
interest and the taxes
Award will be made at
assumed.
Bond
as
is pledged for their pay-=-
rtfent with
OREGON
Astoria, Oregon
will
the least interest cost to the city.
Sale—The $1,800,000 cou¬
The
bonds
will
be
sold
and
de¬
Series A, bonds livered to the purchaser only if
offered for sale on May 29—v. and after the
proceedings author¬
159, p. 2247—were awarded to izing their issuance have been ap¬
Blyth & Co., and Associates, as proved by the Department of In¬
2%s, at a price of par. Dated ternal Affairs. Enclose a certified
July 1, 1944. Denomination $1,000. check for $1,200, payable to the
Due July 1, as follows: $81,000 in
City Treasurer.
1945 to 1947, $82,000 in 1948 to
Whitaker School District, Pa.
1950, $60,000 in 1951, $61,000 in
Bond Resolution Passed—A res¬
1952, $62,000 in 1953, $63,000 in
1954, $64,000 in 1955, $65,000 in olution was passed recently by the
1956, $66,000 in 1957, $67,000 in Board of School Directors calling
1958, $68,000 in 1959, $69,000 in for an issue of $10,000 lVz% re¬
pon
refunding,
1960,
1962,
1964,
1966,
1968,
$70,000 in
$72,000 in
$74,000 in
$76,000 in
and $78,000
1961, $71,000
1963, $73,000
1965, $75,000
1967, $77,000
in 1969.
in pair and equipment bonds. Dated
in June 1, 1944. Denomination $M
in 000. Due $1,000 June 1, 1946 to
in 1955. Principal and interest pay¬
able
Salem, Ore.
Offering—Alfred
Bond
Mundt,
City Recorder, will receive sealed
bids until 8 p.m. on June 5, for
the purchase of $35,000 sewerage
refunding bonds. Dated Aug. 1,
1944.
$500.
Denomination not to exceed
Due
$2,500
from
at
the
Trust
Monongahela
Co., Homestead.
Aug.
RHODE
ISLAND
Newport, R. I.
Bond
pon
Sale—The
"*■
{,■
$175,000cou¬
road widening and improve¬
ment bonds offered
June
1
were
1, awarded to Harriman Ripley
&
THE COMMERCIAL &
2358
,Co., Inc., and Goldman, Sachs &
Co., both of New York, jointly,
as
IV4S, at a price of 100.32, a basis
of
about
1944
1.22%.
and
due
June
Dated
1,
1, as follows:
$5,000 in 1945; $7,000 from 1946
to 1955 inclusive and $10,000 from
1956 to 1965 inclusive. Principal
and
$8,000 in 1945 to 1947,
$9,000 in 1948 to 1951, $10,000 in 1952 to 1956, $12,000
lows:
.:
in 1957 to
ity
Storey, Thorn-
by
approved
dike, Palmer & Dodge of Boston.
Arthur Perry
National Bank
Other bids, for iy2s:
& Co., 101.10; First
of Boston, 100.41.
TENNESSEE
Chattanooga, Tenn.
$6,040,000 elec¬
Bond Sale—The
tric
refunding
power
revenue,
offered for sale
Series AA bonds
2247—were
May 31—v. 159, p.
awarded to
syndicate composed
a
Equitable Securities Corp.,
Higginson
Corp., of New
of the
Lee
York, John Nuveen & Co., of
Chicago, Straeahan, Harris & Co.,
Inc., of Toledo, Alexander Brown
& Sons, of Baltimore, Coffin &
Burr, of New York, Ryan, Suther¬
land & Co., of Toledo, Harris, Hall
of Chicago, Kean, Taylor &
Harvey Fisk & Sons, Newburger, Loeb & Co., all of New
& Co.,
Co.,
York, Dempsey-Tegeler & Co.,
fit. Louis, Townsend, Dabney
of
&
Tyson, of Bo^on, Robin&Qn-Hum^
^N^vman
1960, and $13,000 in
1961 to 1969.
interest
(J-D)
payable at
City Treasurer's office or at First
National Bank of Boston. Legal¬
on
$5,000 in 1950 to 1964, and that no definite date of election
has been arrived at, but it is be¬
$6,000 in 1965 to 1969.
275,000 gas system improvement lieved that it will be held in the
bonds.
Due June 1, as fol¬ next three months.
,
June
tion
$1,000.
1%.
of
y4
but
William
to
N.
$118,000
Edwards &
homes
dependent and
construct
To
for
schools
delinquent children.
.
1944.
dicial decision on these
in
multiples of
A single rate is pre¬
a
split rate basis on
that
learn
we
the
follows:
as
issuance
the
authorize
statutes
the
types of bonds which are
fied
construct
To
Purpose:
of
"None
poor
hereinabove
able
4. Poor House—Farm
bonds mature
said:
these attorneys
1911, or Chapter
18, R.C.S.
of the trend of ju-questions,'
In speaking
;
Statutory Authority: Chapter 1,
Title
the
right of redemption was ex-'
pressly reserved at the time of
issuance."
*'
which i
of the-
classi¬
non-call-*
contain
as
provisions which,
bonds mandatorily:
such
make
$12,000 2% refunding, Series 1944 houses and farms.
bonds.
Due June 1, as fol¬
Statutory Authority: Chapter 1,
lows: $3,000 in 1945, $1,000 in Title 18, R.C.S. 1911, or Chapter
total interest cost to city. These
1946 and 1947, and $3,500 in
2, Title 22, R.C.S. 1925.
are
the bonds authorized at the
1948 and 1949.
(The foregoing are all limited
election held recently.
Principal
20,000 2y2% refunding, Series tax bonds).
1
and interest payable at the Corpus
1944 bonds.
Due $4,000 June
NON-CALLABLE
Christi
National
Bank.
Interest
1, 1950 to 1954.
payable semi-annually except
24,000 2 %%
refunding, Series 1. Special Roads (county wide)
coupon No. 1, which will be for
1944 bonds.
Due June 1, as
(unlimited tax)
one year.
The city will within a
follows: $4,500 in
1955 and
Purpose: The construction,
reasonable time secure approval
1956, and $5,000 in 1957 to maintenance, and operation
of
of the Attorney-General and fur¬
1959.
macadamized, graveled or paved
nish the successful bidder with
62,000 3% refunding, Series 1944 roads and turnpikes or in aid
approving opinion of Vandewater,
bonds.
Due June 1, as fol¬ thereofr •
Sykes & Galloway, of New York.
lows: $5,500 in 1960 and 1961,
Statutory Authority: Chapter 2,
In the event such approvals are
$6,000 in 1962 to 1965, $5,000 Title
18, R.C.S. 1911 or Chapter
not secured, bidder's good faith
in 1966 and
1967, *$7,000 in
16, Acts of the 39th Leg., 1st C.S.,
check will be returned, and the
1968, $6,000 in 1969, and $4,- 1926.
city will not be liable for-any
000 in 1970.
2. Special Roads (Road District)
damages for failures £0 secure
Dated May 1, 1944. Denomina¬
such approvals or faijrire to de¬
(unlimited tax)
tions $1,000 and $500. Bonds ma¬
liver the bonds fon.4hat reason.
Purpose: The construction,
turing in 1955 to 1970 are optional
Successful bidder /'must pay acmaintenance,
and cperation of
on June 1, 1954 or on any inter¬
crued interest to date of delivery. est payment date thereafter. Prin¬ macadamized, graveled or paved
Payment for bonds' and accrued cipal and interest payable at the roads and turnpikes or in aid
their fixed,
of the7
Revised Civil Statutes of 1911.
redeemable prior to
early and late maturities, will be
considered.
All bids must show
of the Revised
720
and Article
1925
of
Statutes
Civil
611
Article
maturities.
the.
are
;only general statutes in effect,
since 1911 regulating the issu¬
ance
of
county bonds which
have the effect of writing into,
bonds an option of redemp-:
operation of law. Those,
statutes
expressly limit theirany
tion by
application to bonds authorized
by the Chapters in which the
statutes are found, and the Su¬
.
Court by its decision has.
a disposition not to ex¬
tend their ; application to
anyother bonds unless compelled to
preme
shown
do
by clear and unequivocal
so
mandate.- The
legislative
trend
dical
this
on
juri¬
subject
is
.
clearly defined and the uncer¬
tainty which has arisen as a re¬
sult of various questions raised
in
thereof.
,
......
....
able before maturity unless
v
3. Juvenile Home
Purpose:
and
connec¬
Co., c
1\fpw nrWrW~~interest must, be made within 5 First National Bank, Jacksboro.
Brown & Co.,
^'
a^-after^pproval by the At¬ These
bonds, issued for the pur¬
H. V. Sattley & Co., Crouse, Bentorney-General and bond attor¬
pose of refunding a like amount
nett, Smith & Co., both of De¬
neys,
and
registration
by the of
voted obligations at a lower
troit, C. H. Little & Co., of Jack¬ State Comptroller's office. The
rate of interest, constitute a full
son, J. R. Williston & Co., of New
purchaser will pay all delivery and direct
obligation of the entire
York,
and Bullington-Schas
& costs. Enclose a certified check
Co., of Memphis, at a price of for $8,000, payable to the Mayor. District, payable from an ad val¬
orem
tax levied against all tax¬
100.00,
a
net
interest cost of
property
located
therein
I.7406%, as follows: For $2,450,000 El Paso County (P. O. El Paso), able
within the limits prescribed by
Texas
maturing July 1, $530,000 in 1960,
law.
A tax rate of only 35 cents
Bond Sale —E/W. Haight,
$540,000 in 1961, $560,000 in 1962,
within an 85% collection, based
$570,000 in 1963, $250,000 in 1964, County Auditor, reports that
as 2s, $1,580,000 maturing July 1,
Emerson & Co., of San Antonio, upon present valuation will ade¬
$340,000 in 1964, $610,000 in 1965, purchased in December, 1943, the quately service the total debt re¬
$630,000 in 1966, as l%s, and $2,- following $769,000 2% refunding quirements. Legality approved by
John D. McCall, of Dallas.
*
010,000 maturing July 1, $650,000 bonds:
phrey
18, R.C.S.
.
tion with the sale of the
bonds
rate
interest
ferred
trict, Texas
Details—In
bond laws in 1926, are redeem-;
,
1911, or Chapter
2, Title 22, R.C.S. 1925.
Independent School Dis¬
Sale
Bond
Statutory Authority: Chapter 1
Title
Denomina¬ Co., of Fort Worth, report of
2, Title 22, R.df.S. 1925.
Bidders will specify which appeared in v, 159, p. 2135,
Dated June 1,
the
Jacksboro
Monday, June 5, 1944
FINANCIAL CHRONICLE
18,
Case appears to
dispelled by
the
Bexar 1 County - and
Jefferson
County decisions."
have
3. General Funding
warrants
fund
To
issued
scrip and
general
against
fund.
Statutory Authority: Chapter 3,
Title
18, R.C.S.,
1911 or Chapter
5, Title 22, R.C.S.
and
Warrant
1925 or Bond
Law
of
2368a, Vernon's Texas
tutes).
(Art.
1931
Civil Sta¬
County
ran
1926.
Purpose:
of county
the Coch¬
bonds not covered by
R.C.S. 1911 or Chapter
16, Acts of the 39th Leg., 1st C.S.,
Title
callable fea¬
the
to
regard
tures of certain types
Statutory Authority: Chapter 2,
•
•
been
This series of suits in the Texas
Court has served to
and settle an important
question in regard to the effect
of Article 720 of the present Texas.
Supreme
clear up
Statutes
Revised
1911
classes of
of the
certain
611
Article
and
Statutes
on
county bonds. When this
came to our attention
years ago, we imme¬
$420,000 court house, jail and poor Kleberg County (P. O. Kingsville),
Purpose:
To
fund
scrip and diately sought competent legal ad¬
Texas :;r
'
farm, Series of 1944 bonds.
warrants issued against road and vice and were informed that all
June 1, 1944. Denomination $1,000.
Due Feb. 1, as follows: $38,000
Bond
Sale—Russ & Co., and bridge fund.
bonds issued
under Chapter 1,
in 1945, $39,000 in 1946, $40,Bond Call—E. D. Bass, Mayor,
Dewar,
Robertson
& Pancoast
Statutory Authority: Chapter 3, Title 18 of the 1911 Revised Sta¬
000 in 1947, $41,000 in 1948, both of San Antonio, purchased
reports that the City has elected
Title 18, R.C.S. 1911 or Chapter tutes and Chapter 2, Title 22, of
to redeem on July 1, 1944, $6,040,$42,000 in 1949 and 1950, $43,- recently at par, $68,000 2% and
5, Title 22, R.C.S. 1925 or Bond the 1925 Revised Statutes were
000 in 1951, $44,000 in 1952,
000 electric power refunding rev¬
21/4% court house and jail re¬ and Warrant Law of 1931 (Art. redeemable after not less than
$45,000 in 1953, and $46,000 funding bonds. Due in 1945 to
enue, Series A, bonds, dated Dec.
2368a, Vernon's Texas Civil Sta¬ five nor more than ten years from
in 1954.
1, 1943, bearing interest at 2%
1955, optional in 10 years.
date
of
issuance
regardless of
tutes).
and
369,000 road, Series I of 1944,
214%, numbered A7161 to
whether or not an option was ex-!
Texas (State of)
bonds. Due Feb. 1, as follows:
5. Permanent Improvement
A13200, both inclusive, in the de¬
pressed 011 the face of the bonds.
Funding
Redemption Features of County
nomination of $1,000 each and ma¬
$33,000 in 1945, $34,000 in
We were also advised that the un¬
Purpose: To fund scrip and war¬
1946, $35,000 in 1947, $36,000 Bonds Discussed — The following
turing July 1, as follows: $530,limited tax road bonds of coun¬
in 1948 and 1949, $37,000 in circular letter dealing with the rants issued against the perma¬
000
in
1960,
$540,000
in
1961,
ties and road districts and many
1950, $38,000 in 1951, $39,000 callable provisions of all types of nent improvement fund.
$560,000 in 1962, $570,000 in 1963,
other
classes
of
county
bonds;
in 1952, $40,000 in 1953, and Texas county bonds, has been re¬
$590,000 in 1964, $610,000 in 1965,
Statutory Authority: Chapter 3, were not affected by those sta¬
leased by B. V. Christie & Co. of
$41,000 in 1954.
$630,000 in 1966, $650,000 in 1967,
Title 18, R.C.S. 1911 or Chapter tutes.
Dated Feb. 1, 1944. Denomina¬ Houston, as being of interest to 5, Title 22, R.C.S. 1925 or Bond
$670,000 in 1968, and $690,000 in
We felt that we could not con¬
investors
and
dealers in Texas and Warrant Law of 1931 (Art.
1*969.
Said bonds must be pre¬ tion $1,000.
Bonds maturing in
tinue trading in these bonds at the
sented for payment at the Guar¬ 1950 to
1954 are callable after municipal bonds:
2368a, Vernon's Texas Civil Sta¬
prevailing high premiums as long
The Supreme Court of Texas on
anty Trust Co., of New York, or Feb. 1, 1950 on any principal or
tutes).
as
the possibilty that they were
at the Hamilton National Bank of interest date on 30 days' notice. May 10, 1944, rendered decisions
6. Hospitals
redeemable
remained
unsettled.
Chattanooga, with Jan. 1, 1945, These bonds are a part of the $1,- in four test cases brought by Jef¬
Purpose: To establish, enlarge We therefore took steps to deter¬
and all subsequent
coupons
at¬ 786,000 issue originally offered for ferson County in which several
and equip hospitals.
mine the issue in a manner that
classes
of county
bonds, repre*
tached.
sale on Nov. 23, 1943.
Statutory Authority: Title 29a, would disturb the market as little
senting a vast majority of all
Elizahethton, Tenn.
Gonzales County (P. O. Gonzales),
bonds
now
outstanding against 1914 Texas Civil Statutes; Chap¬ as possible and would cause no;
Bond
Call
R.
B.
Texas
Su¬
Moreland,
the counties of Texas, were held ter 5, Title 71, R.C.S. 1925; Article loss to bondholders if the
City Recorder, reports that 4%%
Bonds Awarded — An issue of not to be redeemable before ma¬ 835c, Vernon's Texas Civil Sta¬ preme Court should fail to agree
1967, $670,000 in 1968, and
$690,000 in 1969, as IV2S.
Dated
in
4.
question
Road and Bridge Funding
about
two
—
water
revenue
bonds
Nos.
143
to
158, dated July 1, 1938, maturing
July 1, 1953 and 1954, are called
for payment on July
accrued
interest
interest,
on
1, at par and
which date
^
ceases.
TEXAS
Bexar
County (P* O. San Antonio),
Texas
refunding bonds turity unless an option of redemp¬ tutes.
7. Airports
jointly—1& Dewar, tion was expressly reserved at the
Robertson & Pancoast, and Russ time of issuance. When these de¬
Purpose: To condemn, purchase,
& Co., both of San Antonio, as cisions were handed down, we re¬ improve and equip land for use
2%s. Dated April 15, 1944. Due quested Vinson, Elkins, Weems & as an airport.
'
on April 15, as follows: $9,000 in
Statutory
Authority:
Article
Francis, municipal bond attorneys
1945, $4,000 in 1946, $11,000 in of Houston, to analyze this opin¬ 1269h, Vernon's Texas Civil Sta¬
1947, $6,000 .in 1948, $11,000 in ion in the light of the Courts' pre¬ tutes.
:
" ;
1949, $12,000 in 1950, and $5,000 vious decisions in Cochran County
8. Parks
$68,000
was
-
in
Bond Sale—A
syndicate headed
by Dewar, Robertson & Pancoast
of
San
Antonio, recently pur¬
chased the following $110,000 re¬
funding bonds:
2%
bonds.
bridge,
Series
Due $10,000 from
1944
April
10, 1946 to 1952.
40,000 21/2 % permanent improve¬
ment bonds.
[■;
Due
$5,000 from
April 10, 1946 to 1953.
Corpus Christi, Texas
Offering—T. Ray Kring,
City Secretary, will receive sealed
10
a.m.
we; purchase
of
on
June
the
3, for
following
$400,000 bonds:
and
1953.
vs.
road bonds was sold on March
l%s.
Dated Feb. 1, 1944.
13,
De¬
nomination
from
cipal
quin.
issue
$1,000.
Due
$5,000
Feb. 1, 1945 to 1949. Prin¬
and interest payable at Se¬
These bonds are part of an
of $100,000 authorized at the
election
Bond
bids, until
1951
held
Nov.
16, 1943.
Legality approved by Chapman &
Cutler, of Chicago.
on
Houston,
Texas
Election Date Not Set As Yet—
In connection with the
Mann, Attorney General,
legal advice we had re¬
with the
ceived.
We
with
cooperated
Cochran
County in bringing a test case
Texas
the
of
which
the
question
we
under
issued
bonds
named
all
to
as
bonds
had been advised were
The court held that all
callable.
chapters
decision
This
di-'
Supreme Court of
to obtain a quick decision"
in
rectly
the
were
was
above,
callable.-
severely criti¬
it is.
generally recognized by some:
in the stated
now, as a matter of law, callable
(Except for items 1 and 2, the
and which are non-callable. Their
and by many of the nationally
foregoing are limited tax bonds.
opinion classifies the general
In regard to the unlimited tax recognized municipal bond attor¬
types of county bonds as follows:
special road bonds, we quote from neys that the decision is basically^
which classes of county bonds are
cized
in
some
quarters but
now
tutes.
of the ablest lawyers
their opinion as
CALLABLE
1. Courthouse and/or Jail
Purpose:
and
jail
or
To
erect
courthouse
either.
Statutory Authority: Chapter 1,
Title
1911, or Chapter
2, Title 22, R.C.S. 1925.
18, R.C.S.
proposal of
the City Council to submit to the
voters
an
issue
of
$14,000,000
$125,000 fire stations and equipbonds. Due June 1, as water
revenue
bonds,
W.
H.
follows: $4,000 in 1945 to
1949, Maunsell, City Controller, reports
*'lment
:
172
Purpose: To
purchase and/or
S. W. (2d) 689 and Bexar County improve lands for park purposes.
Guadalupe County (P. O. Sequin),
vs. Sellers, Attorney General, 178
Texas
Statutory
Authority:
Article
Bond Sale—An issue of $25,000 S. W. (2d) 505, and to advise us 6081e, Vernon's Texas Civil Sta¬
as
$70,000
bridge
awarded
2. Road and Bridge
Purpose: To improve and main¬
tain
the
public roads
struct bridges.
or
to con¬
"The
sound. It was also discovered that-
follows:
Jefferson
County
deci¬
sions, in our opinion, definitely
establish that no 'special' road
either original, refund¬
or
compensation
bonds,
bonds,
ing
which
have
been
issued under
general laws of Texas by
counties, road districts, commis¬
sioners' precincts or justice prethe
cints, whether issued before or
after the
rewriting of the road
the
court's
statutes
al
as
construction
involved
W.
Assistant
was
of
the-
not origin¬
Harris, a former
General
of
M.
Attorney
of the bond divi¬
practicing munici-r
Texas in charge
sion and later
a
pal bond attorney at Dallas, wrote
treatise under date of August
11, 1922, in which he said:
"The Statute*
Article 611, ab¬
solutely reserves the counties of
State the
this
all of
Weslaco, Texas
Details—In connec¬
right to redeem
series of bonds
a
at any
Bond
Sale
tion with the -sale of the
$350,000
from the
date of their issuance, and this refunding bonds to R. A. Under¬
wood & Co., of Dallas, and associ¬
right may be enforced, regard-'
less of what recitations to the ates, report of which appeared in
v.
159, p. 2023, V. C. Thompson,
contrary the bonds may express
City Secretary, reports that the
upon their face."
time
10
after
years
Despite the fact that the Coch¬
ran County opinion was limited to
bonds
the
under
issued
named
raised
of
.
the callable features
to
as
other
of Texas county
bonds. Wide publicity was given
to these questions with the result
that substantially all trading in all
Texas county bonds came to a
standstill.
• ■■■ *:'> '/<
,.«
•
types
After
waiting
months
several
bonds
were
sold at par.
Wheeler County (P. O. Wheeler)t
above
and no
other
bonds were either expressly or
impliedly held to be callable by
it,
numerous
questions
were
chapters
Texas
Call
Bond
James O'Gorman,
County Treasurer, reports that the
county has exercised the option
granted by Article 720, Revised
Civil Statutes of Texas, 1925, to
redeem all bonds outstanding now
of an original issue of $45,000
5%%
bridge
refunding
bonds
numbered 1 to 45, Series of 1931,
dated Jan. 1, 1931, in denomina¬
tion of $1,000 each, maturing Jan.
1,-as follows: $1,000 in 1932 to
1944, and $2,000 in 1945 to 1960.
—
Dallas,
$20,000;
Fort
edge, where, in Missis¬ $52,000;
sippi new sources that appear to Wayne, Ind., $19,210; Los Angeles,
be important are being developed.. $8,900; Memphis, $71,000; Min¬
$4,000; Oakland, Cal.,
Millions of dollars in lease and neapolis,
royalty money is being paid to $5,600; Rochester, N. Y., $48,000;
landowners.
The effects on the Waco, Tex., $3,000,
western
General tax
where
the
Within
last
year,
18
new
pools have been opened in Mis¬
sissippi, stretching from the east¬
ern
b or d e r to the Mississippi
River.
Of this number, the Gulf
Refining Company has discovered
raised and
.
that;the
Cochran
County
modified
but
Case
instead
was
not
re-af-
was
firmed in both the Bexar County
and Jefferson County Cases' and
it is
now
the well established law
of the state.
A
large percentage
deavor to. meet needs of the
ket
and
shbuld
be
given
mar¬
every
reasonably aid to reach as far
down the income scale as possible,
the report said, adding
that it is
the responsibility of the public to
been called and in many cases the
,
.
i
provide housing for families not
adequately served by private en¬
terprise.
refunding of these bonds has been
completed.
It is obvious that
usual
of the callable bonds have already
/others will be called in the near
future.
It is to the interest of in-
,
,
vestors that this entire matter be
disposed of
that
all
as soon as
possible
which
bonds
are
so
made
callable under the Cochran Counj
ty Case will be-removed from the
market.
»
t
While
there
have
been
regret-
able individual losses to investors
»
;
and
disturbances
temporary
in
market, conditions, it is apparent
that these decisions .of the Su¬
Court of Texas serve to
strengthen the legal foundations
for the issuance of bonds by the
counties of Texas, and will be of
preme
To
attract
private capital, un¬
housing invest¬
hazards in
ments must be
reduced, the report
say.
Tendencies to¬
ward neighborhood deterioration
should be controlled, variations in
went
to
on
With the end of the
should
be
an
end
of
war
except
fact, investors can
purchase bonds issued by the .provide
in
curity than
*
struction,
We shall be pleased to
»
B. V. CHRISTIE & CO.
FRANK J.
CORE, Manager
Municipal Department
Titus County (P. O. Mount Pleas•
ant), Texas
Bond
Sale—C. N.
Burt
&
Co.,
of Dallas, purchased recently an
issue of $68,000 3%% general re¬
housing,
may
connection
the
answer
inquiry
concerning
Texas
Municipal Bonds and to furnish a
copy
of the
above mentioned
opinion of Vinson, Elkins, Weems
& Francis upon request.
Very truly yours,
any
with
federal
projects, such
report stated.
as
con¬
dams,
While the
ac¬
tual
planning and provision of
housing is a local responsibility,
the
federal
government should
require evidence of need and of
the existence of an adequate com¬
munity plan and adequate stand¬
ards as justification for expendi¬
ture of federal funds.
sidiaries
is
should be made
D.
McCall, of Dallas.
•;
collected.
The
ices.
■
a
wartime
arrange¬
ment.
thought production in the area still
is strictly limited except in. its
speed
service, inauguration
low-cost
downtown
shuttle
service for, patrons of
parking es-s*
tablishments and the general pub¬
lic.
A
bile
prime problem as to automo¬
parking facilities is the in¬
creased demand in central dstricts
that
will
new
highways
follow
completion
and provision
of
of
facilities to meet the entire park¬
ing need, not just the needs of
patrons of certain business estab¬
lishments, according to the report,
VERMONT
Enoshurg Falls, Vt.
Bond Offering—M. A.
Village
Treasurer,
bids
sealed
until
Aseltine,
will
4
receive
(EWT)
purchase of
$85,000 public improvement bonds.
Dated July 1, 1944. Denomination
$1,000. Due $1,000 July 1, 1945,
$1,000 Jan. anc^ $2,000 July 1,
1946, $2,000 January and $3,000
July 1, 1947, $3,000 January and
July 1, 1948 to 1957, sand $4,000
January and July 1, 1958 and
on
June
8
for
p.m.
the
Nearly all of the 44 cities which
supplied information in the sur¬
vey have a sliding scale for land¬
ing fees per month; these cities
include Birmingham, Boston, Chi¬
cago,
Columbus,
Detroit,
Fort
Wayne, Kansas City, New Orleans, 1959.
The rate of interest to be
New York City, Oakland, Phila¬
determined by the rate shown in
delphia, Pittsburgh and others, the
accepted bid, said bonds pro¬
but
there
is
a
wide variation
in
viding for local payment and an
alternative place of payment to be
determined by the accepted bid.
of rentals for office space and
All bids shall specify the pre¬
plane storage, and the charge for mium
offered, if any; the rate of
space occupied by the CAA and
interest, and the alternative place*
the amount and method of charg¬
ing, which also is true in the case
the weather bureau.
Report
Anticipates
of payment.
Significant
Developments In Highway, Trans¬
portation Fields — Developments
VIRGINIA
Purcellville
to
in the
fields
lack
the
of
reliable
information
on
present, production has
trends in air transportation, plan¬
chiefly encountered either
on the
piercement type dome or ning present and future airports
salt domes.
This type of struc¬ so they will relate to other trans¬
ture has produced fields of lim¬ portation facilities and to future
planned developments of the ur¬
ited size. /
been
area, and protecting airports
Southern Georgia and northern
Florida, in the minds of some against flight obstructions, which
geologists offer the best chances requires selection of an adequate
ban
ble, subsidiary of Standard Oil to consider all local transporta¬
Company (New Jersey), and Gulf tion facilities together and in re¬
lation to future urban develop¬
were earliest in the play.
In response to local demand, the ment in order to be able to deter¬
Survey mine the actual need for any one
1
named, Paul A. Applin, of Fort kind of service," the report said.
Major street and highway prob¬
Worth, an outstanding indepen¬
dent geologist, as survey geologist lems, the report said, include lo¬
cation and planning of routes in
for the region.
The survey just
has issued a bulletin on "Geol¬ metropolitan districts with their
ogy
of the Coastal
Plain of multiple jurisdictions, planning of
highways to fit other urban de¬
Georgia."
Few Cities Make Profit On Mu¬ velopment, acquiring or reserving
nicipal Airport Operations—There in advance land needed for high¬
is little
fol¬
and
power revenue refunding bonds
of 1939, are called for payment on
July 1, on which date interest
Treasurer, reports that the
lowing
city special light
ceases:
Series F bonds, Nos, 171 to
Series G bonds, Nos.
Series H bonds,
Series I
bonds,
bonds,
Series K bonds,
Series L bonds,
Series J
Tacoma,
Bonds
uniformity in methods of
ways,
and provision of adequate
reports.
Among
the cities reporting a
profit on 1942 operations •— the
year covered by the study—were
Austin, Tex., $12,585, with a gross
income
including
merchandise
sales of $72,371; Cleveland, $4,000,
with a gross annual income of
the society
said; the report then
developments in
the transit field, including im¬
provements in the rqgtor bus, ex¬
panded urban service through
listed anticipated
feeder connections to main tran¬
sit lines, increase
lar
service
and
of speed of regu¬
inauguration of
Nos.
Nos.
Nos.
Nos.
Nos.
206
241
276
211
346
281
to
to
to
to
to
to
205.
240*
275.
310.
345.
380U
415.
Wash.
Authorized
—
The
Council is said to have given
City
final
approval to an ordinance authoriz¬
ing the water department to issue
$400,000 revenue bonds to match
Federal funds for five improve¬
ment
projects
to
the
municipal
water system.
CANADA
States Geological
now
the southeastern coastal states al-
Legality approved by John
is
charging for services at municipal parking facilities.
The transit industry is facing
airports and comparatively few of
for a permanent federal housing them are breaking even finan¬
problems such as financing mod¬
agency so.it can be ready and cially.
e°quipment,' reducing rush
This is shown in a survey ern
functioning when war ends. The by the Toledo, O., commission of hour demands, changing burden¬
present position of the National publicity
some franchise provisions, elimi¬
and
efficiency,
the
Housing Agency and its three sub¬ American Municipal Association nating other duplicating services,
Provision
funding, Series 1944, bonds. Dated
Southeastern V o a s t a 1 States
May 20, 1944. Issued for the pur¬
Brought Wealth by Oil—Oil is
pose of refunding not less than a
bringing increasing prosperity to
like par amount of outstanding
bonds.
tax
high
of
(P. O. Purcellvilte),
highway and transportation
Va.
which
planning officials
Bond Sale—The $25,000 general
must watch during the next few
obligation water bonds offered for
years were outlined on May 17 in sale on
May 29—v. 159, p. 2136—
a report by the American Society
were awarded to Mackey, Dunn &
of Planning Officials' committee
Co., of New York, as P/ks, paying
on highways and transportation.
a price of 100.10, a basis of about
Anticipated
developments
in 1.487%. Dated May 1, 1944. De¬
air transportation, the report said, nomination $1,000 and $500. Due
include a "tremendous" post-war Nov. 1, as follows: $1,000-in 1944
increase in private flying, a five¬
and 1945, $1,500 in 1946 to 1949,
fold
increase
in
air
passenger
$1,000 in 1950 to 1952, $1,500 in
business within five years, and
1953 and 1954, $2,000 in 1955 to
some increase in air freight and
1957, and $2,500 in 1958 and 1959.,
express business,
and "develop¬ The next highest bidder was:
ment of superior, more efficient, Alex. Brown & Sons, for 1.80s, at
safer planes of all types—some a price of 100.22.
private planes being comparable
Mississippi which has seen the
WASHINGTON
to medium-priced automobiles in
most drilling. In the latter state,
first cost and operating cost."
Centralia, Wash.
oil production ranges from 400
Problems in this field include
Bond Call—B. H. Johnston, City
feet to more than 10,000 feet. Up
be necessary to
residential communities United
as
counties of Texas with greater se-
before.
there
federally-
constructed and operated
ever
the
$50,000 cost of operating the two
Salt Lake City airports is met en¬
tirely from this gasoline tax, the
airlines paying nothing for serv¬
for
the great /so-called
strati- airport site, both as to location
and size, and comprehensive zon¬
graphic trap type of field. Such
•
•'
\
structure responds to no known ing.
politan area equalized and high
The society's report said cities
type of geophysics. However, ,as
title
costs
and
uncertainties of
must be free from serious street
a result of the efforts of the more
foreclosure
proceedings mini¬ radical
geologist, more is being congestion to become good places
mized. The system of local taxation
in which to live and do business,
learned of this type of structure.
should be modified to balance the
Nearly every major company in and that this can be achieved only
disproportionate load on real es¬ the Mid-Continent has entered if each form of transportation is
tate, building codes should be re¬ the
play in the Southeast. Sin¬ planned and provided for that
vised and adequate means of land
clair, Gulf, Humble, Sun, Superior, part of the job which it can do
assembly and of removing obso¬ Stanolind and- Carter have been best.
lete buildings should be provided.
"It therefore becomes essential
the leaders in the big play. Hum¬
the future.
now
not
were
tax rates within the same metro¬
substantial benefit to investors of
In
revenues
region may well be the greatestconsidered income in determining
prosperty since the advent of the
profits, according to the survey.
mechanical cotton-picker.
Memphis, which showed a large
Mississippi has been producing
profit in 1942, received $69,271
gas for many years and a little
from gas tax and $34,458 from
oil chiefly from 400 foot wells
concessions,
In Utah the state
since 1930. The big strike in Mis¬
levies a 4 cent a gallon gasoline
sissippi came in 1939 with the dis¬
tax on aviation gas and threecovery
of the Tinsley pool in
fourths of the revenue from this
Yazoo County, in the west cen¬
source is returned to the airport
tral part of the state.
ten, Freeport Sulphur Company
Said bonds have been called for of
Texas, three; Sun. Oil Com¬
publicized these ques¬
redemption on July 1, 1944, at the pany, two; The California Com¬
tions to get them settled, we of¬
Central Hanover Bank & Trust
pany, two, and Love Petroleum
fered to cooperate with Jefferson
County in bringing test cases on Co., N. Y., or the State Treasurer's Company, one.
office, Austin, at the option of the
the
The 18 pools have been scat¬
principal
types
of
bonds
which had been questioned. With holder, where they will be re¬ tered over 14 counties. Jefferson
deemed at par and accrued in¬
the County Attorney and other
Davis County in the south central
terest.
County officials, we worked out
part of the state leads with three,
a plan to obtain a court decision
Copiah * and Lincoln have two
UNITED STATES
without the necessity of calling or
each, and the following counties
one
each:
Adams, Claiborne,
disturbing any of the bonds in¬
United States
volved. These decisions have now
Green, Jasper, Jefferson, Jones,
Report Outlines Post-War Hous¬
been obtained with the result that
Lawrence, Madison, Marion,
ing Program—Private enterprise
our original advice On the ques¬
Smith and Wayne. «
•
and public housing together must
tions presented was sustained.
Three factors brought about the
produce from 1,000,000 to 1,500,It
is
unfortunate
that
these 000
dwelling units a year to bring fast-spreading oil play in the
southeastern states.
There were
questions were not settled years the nation's
housing supply up to
ago; when the inevitable adjudica¬ a satisfactory standard within 15 soaring profits through depletion
of reserves necessitated by un¬
tion of the meaning of these sta¬
years after the war, the National
tutes would not have resulted in Asociation
precedented war demands; neces¬
of Housing
Officials
a financial loss to some bondhold¬
said on May 20 in a report on sity of replacing the depleted re¬
serves
as
the
ers.
threat
of crude
Ho\vq.ver, since this was not post-war housing needs.
done, it is generally beneficial to
Already, the association noted, shortage grew, and the cheap
all concerned to have a definite there is a
prices of acreage.
strong backlog of de¬
Millions of acres of land have
decision
of
the
state's
highest mand, supported by wartime sav¬
been leased at from 10 cents to
court on these important matters.
ings for home purchase, by ample
50 cents an acre, chiefly at the
In fact, after attention had been
mortgage money, by improved
former figure.
Royalty was pur¬
directed to the question which was techniques' and
by increased atchased at the same price. Com¬
later settled in the Cochran Coun¬ tetion to
lower-priced, quantityty Case, it was absolutely neces¬ produced dwellings—d evelop- panies were able to procure solid
blocks of a million acres making
sary to have this question settled ments which are
keying the home
at once in order to prevent fur¬
building industry to expanding easy geological and geographical
ther sales of callable bonds at
exploration.;
y■
post-war markets.
Little is known of the geology
high premiums.
Private enterprise should
en¬ in the southeastern
states, even in
It is a known fact
avail for those who had
without
2359
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4287
Volume 159
QUEBEC
Montreal, Que.
Readjustment Plan ApprovedIt is understood that at the meet¬
ing held May 30 in Montreal, the
plan of readjustment for the in¬
debtedness of the City was ap¬
of
of
$228,000,000 of debt involved
proved
by
holders.
Holders
only a very small percentage
the
in the
proposal failed to approve
proposed re¬
of the terms of the
organization.
DIVIDEND NOTICE
IRVING TRUST
COMPANY
June 1, 1944'
The Board of
Directors has this day
de¬
quarterly dividend of fifteen cents
per share on the capital stock of this Compary^
par $10., payable July 1. 1944, to stockholders
of record at the close of business June .7, 1944.
clared
a
STEPHEN G. KENT
Secretary
This is under
s
NEW ISSUE
no
circumstances to be construed
as an
~
'
'
Monday, June 5, 1944'
CHRONICLE
THE COMMERCIAL & FINANCIAL
2360
offering of these Bonds for sale, or as an offer to buy, or
The offer is made only by means of the Prospectus.
as a
solicitation of
an
offer to buy,
:
:
////■■-va
'
:
v;'"'"r-.'C
^ $41^33,000
CONSUMERS
PUBLIC
of such Bonds.
any
POWER
DISTRICT, NEBRASKA
Refunding Revenue Bonds
$36,324,000 Consolidated Eastern System Bonds
$5,209,000 Western System Bonds
To be dated
The Bonds
To
July 1, 1944
mature
January 1 and July 1,
as
shown below
redeemable at any time on thirty days' notice in part on and after January 1, 1945 in inverse order of maturities and as a whole on and after July 1,
from 104% during the period January 1, 1945 to and including July 1, 1949 to 100% after July 1, 1970 in respect to the Bonds due
January 1, 1946 to July 1, 1971, inclusive, and at prices ranging from 103% during the period January 1, 1945 to and including July 1, 1949 to 100% after
are
1949 at prices ranging
1
July 1, 1964 in respect to the Bonds due January 1, 1972. In the event
Bonds to be redeemed shall be selected by lot. Coupon Bonds in the
and interest. Principal and semi-annual interest (January 1 and
Columbus, Nebraska (as to the Consolidated Eastern System
"
...
No
of. redemption at any time of part only of the Bonds of a maturity, the particular
denomination of $1,000, registerable as to principal only or as to both principal
July 1), payable in New York City, Chicago, Illinois, Lincoln, Nebraska,
Bonds) and Scottsbluff, Nebraska (as to the Western System Bonds).
is made
representation
the Underwriters that interest
on
these Bonds is exempt from Federal income taxes.
by
AMOUNTS, MATURITIES AND PRICES
,
'*
.'-J
,
..
'yw
(Accrued interest to .be added)
-
Yield
Yield
Interest
'Amount
$430,000
440,000
445,000
Rate
D«e
1946
1946
Jan.
July
Jan.
July
Jan.
525,000
1947
1947
1948
July 1948
Jan. 1949
July 1949
Jan. 1950
July 1950
Jan. 1951
July 1951
Jan. 1952
July 1952
Jan. 1953
July 1953
Jan. 1954
530,000
July 1954
450,000
455,000
460,000
465,000
470,000
480,000
485,000
490,000
495,000
500,000
505,000
515,000
520,000
Interest
to
Amount
Maturity
■
31/2%
31/2
31/2
31/2
31/2
.3%
31/2
3V2
21/2
2l/2
2Vz
21/2
21/2
2J/2
21/2
21/2
2/2
21/2
* v
*\
$535,000
540,000
550,000
555,000
560,000
565,000
570,000
580,000
585,000
*
590,000
*
595,000
600,000
610,000
615,000
620,000
625,000
630,000
Pt/
Jan. 1955
July 1955
Jan. 1956
July 1956
Jan. 1957
July 1957
Jan. 1958
July 1958
Jan. 1959
July 1959
Jan. I960
July 1960
Jan. 1961
July 1961
Jan. 1962
July 1962
Jan. 1963
Rate
2Vz%
2/2
2/2
2/2
2/2
2/2
2/2
21/2 /
2Vz
2/2
2/2
21/2
2/2
2Vz
.
o-eot to:, v.
v
to
Interest
Maturity
(or price)
Amount
1.80%
$640,000
1.85
645,000
1.90
655,000
1.90
665,000
1.95
675,000
1.95
690,000
2.00
700,000
2.00
710,000
2.05
720,000
2.05
730,000
2.05
745,000
2.10
755,000
2.10
765,000
2.10
775,000
2
100
785,000
2
100
805,000
2
100
815,000
10,673,000
Arrangements for the sale of these Bonds have been made and they do not constitute
a
part
Due
Rate
Price
July 1963
2%
993/4
993/4
99/2
991/4
2
1964
1964
1965
1965
1966
1966
1967
1967
1968
1968
1969
1969
Jan.
July
Jan.
July
Jan.
July
Jan.
July
Jan.
July
Jan.
July
Jan.
July
Jan.
July
Jan.
2
2
2
99
2
983/4
98i/2
9314
2
*
2
2
98
2
973/4
97/2
971/4
2
'
2
■
2
97
m
m
m
l3/4
2l/4
1970
1970
1971
1971
1972
921/2
921/4
92
92
100
of this offering.
These Bonds
are
offered when, as and if issued and received by us and subject to approval of legality by Messrs. Wood, Hoff¬
King & Dawson, New York City, Bond Counsel to the District and Clarence A. Davis, General Counsel to the District.
man,
!
-
SMITH, BARNEY
Copies of the Prospectus which should be read prior to purchase of these Bonds
& CO.
BLYTH & CO., INC
may
THE FIRST BOSTON CORPORATION
be obtained from the undersigned.
V...
MELLON SECURITIES CORPORATION
UNION SECURITIES CORPORATION
STONE & WEBSTER AND BLODGET
LAZARD FRERES & CO.
KIDDER, PEABODY & CO.
F. S. MOSELEY & CO.
,•
/
.incorporated
CENTRAL REPUBLIC COMPANY
HARRIS, HALL & COMPANY
GOLDMAN, SACHS & CO.
ESTABROOK & CO.
*
(Incorporated)
HEMPHILL, NOYES &.CO.
.
;
Incorporated
June 2, 1944.
PHELPS, FENN & CO.
PAINE, WEBBER, JACKSON & CURTIS
Incorporated
GLORE, FORGAN & CO
^■
SHIELDS & COMPANY
R. W. PRESSPRICH & CO.
,
LEHMAN BROTHERS
HARRIMAN RIPLEY & CO.
■
••
*
.
HORNBLOWER & WEEKS
•
EASTMAN, DILLON & CO.
TUCKER, ANTHONY & CO.
@FedFRASER