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MONDAY
Reg.
Volume
New
Number 4183
157
S.
Pat.
Office
Price 60 Cents
York,N. Y., Monday, June 7, 1943
CITY
AND
STATE
U.
7 1943
JUN
Copy
a
DEPARTMENT
BOND PROPOSALS AND NEGOTIATIONS
In This Issue
Corporation News
City News
smaller
Stock
York
pieces of property.
Exchange
The
levee
district,
organized
1893, to build a levee
system along the Mississippi River
Feb.
the
on
Arkansas
of
Bridge
Alabama
ration
Finance
$4,178,000 semiann. refunding bonds offered for
sale on May 28—v. 157, p. 1897—
were awarded to a syndicate con¬
sisting of the First National Bank
of
Montgomery,1 First
National
Bank .of -Mobile,*. First National
Bank of Birmingham, Merchants
National Bank of Mobile, Bir¬
Bond Sale—The
The
18,1936, between
Bridge Corp. as
State
Corpo« mortgagor,
Ala.
and
both
of
Birmingham,
Equitable Securities Corp., Watkins, Morrow & Co., Mark & Co.,
both of Birmingham, RobinsonHumphrey Co., of Atlanta, and
Hendrix & Mayes, of Birmingham.
Due $133,000 Jan. and $134,000
July 1, 1944, $136,000 Jan. and
$137,000 July 1, 1945, $139,000 Jan.
and $140,000 July 1, 1946, $141,000
Bank
inden¬
mortgage
under
ture of said Alabama
Jan.
July 1, 1947,
$233,000
and
Jan. and $238,000 July
1948, $240,000 Jan. and $242,000 July 1, 1939, $245,000 Jan. and
ment
levee
on
outstanding, such redemption
redemption date.
Said bonds with
exercised
contained in the agree-
the option
Page
ns:
Stock Exchange
,..2113
ork Curb Exchange.........2129
Stock Exchanges
......2134
id Securities
...2139
Markets—Listed and
an
2137
ted
City
td
Department:
Proposals and Negotiations. 1997
Dorp, and Investment News.2141
s
Declared and Payable.. .2103
ion Calls ahd Sinking Fund
...2103
>
rse.
of Bank Clearings..■. .2140
Rates
2108
Condition Statement of
•/
■
I
Reserve
Banks
Sales
Banks..
Condition
"
2108
State-
principal
4
was
all unpaid in¬
office
order
to
B.
ROBERT
BROWN, Treasurer.
1940.
4, Ark.
1,10% Rural Credit Deficiency Fund
Supreme
Certificates of Indebtedness
Court
suit
its
of
return
with
-
the
These Certificates
or
validity.
certain
attempted
challenge
right
the
issue
000 314s
$716,000 3s, maturing se¬
rially, and $2,304,000 314% term
St.
Bond Issuance Not
Levee
District, Ark.
Francis
suit
Cherry has ruled
filed
by landowners,
mostly residing near Blytheville,
never
Scheduled—
Supervisors,
con¬
June,
by the dis¬
1935, were
Bond
Centro), Calif.
Redemption—It is
confirmed
the
St.
Francis
Levee District
eight Northeast Arkansas
ties:
coun¬
0.760%
0.969%
100.875
0.804
0.992
July
1,
1952
100.875
0.804
January
1,
1953
100.75
0.844
subject
whose
be
to
offered when, as and if issued and
the approval of legality by Messrs. Thomson,
opinion
District
Court
District
of
the
for
United
the
California,
0.998
1.017
obtained
such
only
ing
these
in
received by us and
Wood & Hoffman,
be furnished upon delivery.
The offering circular
any
state in which this announcement is circulated
will
may
from
registered dealers and are offer¬
with the securities law in such state.
of the undersigned as
securities in compliance
are
STONE & WEBSTER AND BLODGET
Incorporated
HEMPHILL, NOYES & CO.
EASTMAN, DILLON & CO.
stated
B. I. VAN
INGEN & CO. INC.
BACON, STEVENSON & CO.
,
:.r
T.
by
%v;
These Certificates are
HALSEY, STUART & CO. Inc.
Imperial Irrigation District (P. O.
by, Anna
101.00
1952
1940, has
McManus, District
Treasurer, that pursuant to law
trict
in
September,
and the proceedings of the Board
void "because the board failed to
of Directors, all of the bonds of
give proper notice to the land¬
Imperial Irrigation District sub¬
owners."
The decision affects landowners ject to the plan of composition
that assessments made
1951
1,
.
been ordered.
El
1,
authorized at the
in
Maturity
July
District
that the sale of the $650,000
held
Yield to
Yield to
j
It is reported by G. A. Pequegnat,
Clerk of the Board of
Approximate
Approximate
Optional Date
Price
Maturity
January
Sch.
High
in the
be issued for refunding purposes,
on
(P. O. Riverside), Calif,
election
Francis
a
Union
struction bonds
Assessments Ruled Void—Chan¬
cellor
Corona
in
of the
assessments
passed
were
CALIFORNIA
the
;
July 1, 1940,
date thereafter upon 20 days notice.
opinion of counsel will constitute valid general obliga¬
tions of the State of Minnesota for the payment of which
the full faith and credit of the State are pledged.
by the
Federal Court, and the, Arkansas
Supreme Court contended these
questions had been set at rest.
consists of $6,748,-
subject to redemption at par on
payment
These Certificates, to
was
,
1993—it is now reported
157, p.
that
are
years, ago.
to
This
and
bonds
district
of
interest
any
Legal Investment, in our opinion, for Savings Banks
New York, Massachusetts and Connecticut
limited
of
1, 1953,
inclusive
by law to 30 days after
of Irving
forming of the district.
Validity
City and
sale
$675,000 semi-annually July 1, 1951 to January
Due
The district
several
formed
The
$9,763,000 State Highway refund¬
ing bonds by the RFC to Halsey,
Stuart & Co., Inc., at 104.00—v.
2108
........2108
I, 1943.
for re-
of Walnut Ridge,
fused
Arkansas (State of)
,
in
,
has
$2,700,000
Additional Information—In con¬
in
no¬
July
an
Street
;
Exchange
d
further
same
Company
in
of Ed Turner in favor of
Improvement Dictrict No.
Ark., and re¬
erty
ARKANSAS
in
•
foreclosing liens against the prop¬
coupons
the
ork
are
the.
that later
tiled in
to alleged assessments.
bonds.,
INDEX
come
May 24 affirmed a decree of
the
Lawrence
Chancery
Court
applicable thereto
should be presented for payment
terest
nection
separately and severally
tified to present
York
New
the American Manu¬
declared the regular
quarterly dividend of $1.25 per share on the
Preferred Stock
and a
dividend of 50c per
share on the Common Stock of the Company.
Both
payable July 1, 1943, to stockholders of
record at the cose of business June 15, 1943.
The stock record books will be closed for the
purpose of traasler of stock on June 16 until,
The holders of said bonds here¬
inabove described
COMPANY
Streets
West
and
on
and
interest thereon
unpaid
plus
No.
Arkansas
—The
of New York.
Corporation, and the Alabama
Bridge Finance Corporation have
'
Noble
The Board of D'rectors of
facturing
com¬
.',/'>/•
/
-
op¬
instituted
was
District
payment to be made in the sum
102% of the face value of the
bonds so called for redemption,
State
Redemption Option Exer¬
cised—The Alabama State Bridge
after
provided in said plan of
• v
Supreme Court Affirms Decree
of
Company, in the
Bond
as
position.
-
Brooklyn,
at
Secretary.
MANUFACTURING
AMERICAN
.
••
. *'
LOHMEYER,
F.
Walnut Ridge Street Improvement
1,
Dec.
at
1953.
to
charged
board
The suit
ville.
Bridge Corp., numbered 2944 to
5000 inclusive, which now remain
:
date
H.
.
Trust
$265,000 July 1,
/
given for farmers
plaintiffs
for
1,
$260,000 Jan. and
close.
equalization program with some
city lots, particularly in Blythe¬
State Bridge
$235,000
$247,000 July 1, 1950, $250,000 Jan.
and $252,000 July 1, 1951, $254,000
Jan. and $257,000 July 1, 1952, and
said
CO.
the second quarter of 1913
share on Preference Stock,
A, and of seventy-five cents per share
$25 par common stock w:ll be paid July 1,
1943,
to stockholders, of record
at close of
business June 8, 1943. Transfer books will not
said date at
on
to
AND OHIO RY.
Boston
protests if they wished.
the
dated Dec. 1, 1928, to call
redemption on Dec. 1, 1943,
and has separately and severally
called for redemption and pay¬
Corp.
said
an
acre
framed,
was
was
The
1943, all of the
mingham Trust & Savings/ Co., bonds dated Dec. 1, 1928, hereto¬
Messrs.
Ward, Sterne, Agee & fore issued by said Alabama State
Leach,
per
that
other landowners
and make
and The First Na¬
of Montgomery as
contended
resolution
portunity
Myron C. Lobman as
the committee,
trustee,
board
the
M.
Rushton, P.
Pay
Nicrosi and
tional
levied
cents
paid
thereon
per
St.,
on
the coupon rate specified therein
eight counties in¬
volved, as of 1935. The resolution
was
approved on Sept. 18, 1935.
ment dated Sept.
(P. O. Montgomery),
side,
25
be
for
dollar
1943.
Series
value thereof and accrued
interest
lands in the
on
will
the par
15,
assessment
Alabama
and
dividend
one
17,
1943,
Federal
24
CHESAPEAKE
THE
sue), consisting of $13,815,000 prin¬
cipal amount of bonds, are called
for redemption on July 1, 1943,
the date set out."
on
25,
June
7, 1943
A
of
July 1, 1943.
payable in New York
tion
The
1542
sidered
Mississippi, Craighead, Phil¬ (mciuaing all unpaid bonds of the
Principal and semi-annual interest, January,
City or St. Paul, Minn. Coupon certificates in
reliable,
and
while
believe
June
STOKES & CO.
1 and July 1,
the denomina¬
of $1000 reglsterable as to principal 'only, or as to principal
information contained herein has been carefully compiled from
States
Southern
No.
EDWARD LOWBER
Dated
7,
1943.
not
it
to
a
share
per
to share¬
record at the close of
of
business
June
said
the assessment of bene¬
on
approved
(See Index Below)
holders
may
cents
20
of
declared
have
Trustees
dividend
payable. June
Issue, all of which are subject to
plan of composition, and in¬
cluding all unpaid bonds of the
District of its First Refunding Is¬
enjoined from col¬
fits as.made and equalized by the
said
assessors
and
subsequently
Miscellaneous
The
any
which
issues
four
FUND *
BALANCED
the District of its First Refunding
based
Unlisted Securities
EATON & HOWARD
of said
be
hereafter exchanged for bonds of
lecting or attempting to collect
from plaintiffs any tax or taxes
Out-of-Town Listed Markets
ALABAMA
ing unpaid bonds of
first
restrained and
NOTICES
DIVIDEND
Jan. 1,
St. Francis Levee District will be
Exchange
Curb
York
New
and Lee.
Chancellor Cherry's ruling said
that the "board of directors of the
QUOTATIONS
New
Cross, St. Francis,
Poinsett,
Crittenden
State and
District
of its First Issue, dated
1915, and its Second Issue,
The landowners contended that dated July 1, 1917, and its Third
the assessments were not legal and Issue, dated Oct. 1, 1919, and its
were
levie$ on an unequal basis. Fourth Issue, dated July 1, 1922,
heretofore
They charged that in some in¬ not
exchanged
for
stances the tax rate went up from bonds
of
the
First
Refunding
1,000 to 2,000% on town lots and Issue of the District, but includ¬
lips,
guaranteed
be correct
.
as
as
to eomp:f,teness
of this
date.
,
or
and interest.
sources
accuracy,
con¬
we
Monday, June 7,1943
THE
COMMERCIAL &
FINANCIAL CHRONICLE
£098
sealed bids until 10 a. m. on June bonds enjoy greater security under"
approved by both branches of the 28 for the
purchase of $211,000 4% the present set-up than at any
Court has ruled
Legislature and is now awaiting
other time."
; *,
demption and payment on July* 1, in a case involving the Everglades
refunding bonds, as follows:
the Governor's signature. Meas¬
A
constitutional
amendment
1943, at the office of the Treas¬ Drainage District of Florida that
$107,000 Spec. Tax Sch. Dist. No.
ure provides for a ratifying elec¬
ratified
by
electors last year
urer
of Imperial Irrigation Dis¬
the lower courts, in examining re¬
15
bonds. •
Due July 1, as
tion on Sept. 21.
established the State Board of Ad¬
trict, in El Centro, Cal. If any of
follows: $3,000 in 1944, $4,000
organization plans under the mu¬
ministration and turned over to it >
said bonds hereinabove described
Hillsborough County (P. O.
nicipal bankruptcy law, must de¬
in 1945 to 1949, $5,000 in 1950
for 50 years the revenue from two
are not presented for payment on
Tampa), Fla.
termine "in such detail and exact¬
to 1954, $6,000 in 1955 to 1959,
cents a gallon of gasoline tax' to
July 1, interest on all such bonds ness as the nature of the case per¬
Plan To Refinance Paving Cer-^
: $7,000
in 1960 to 1962, and
will cease from and after said
pay
county and
district road
mits" the relative claims of credi¬ tificates Tentatively Approved—
$8,000 in 1963. All bonds ma¬
bonds. Governor Holland said it
date.
'
''
*> ' •: i;-i
tors to the municipality's reve¬
The County Commission on May
turing on and after July 1,
would remove the necessity for
imperial Irrigation District, Calif. nues. The ruling sent back to the 18 tentatively approved an agree¬ V ; 1954, are subject to redemp*
District Court the Everglades plan ment calling for the payment of f-A tion before maturity at the levying any ad valorem tax to
Acquisition of Utility Proper¬
retire such bonds.
•
'-Aw
on
the ground that the findings $125,000 to the Sterling National
option of Board of Public Inties Not Scheduled—District Pres¬
(Previous reference to the above
there were inadequate.
struction on any interest payBapk & Tfust Co., New York, in
ident Evan T. Hewes reports as
Court
ruling
appeared ; in
our
The Supreme
ment date on and after July
Court cited its full settlement of the bank's hold¬
follows:
issue of May 27 in an item cap¬
1953 at par and accrued inrecent ruling as to valuation in ings of $287,336 of so-called boorriThere has been introduced and
tioned "Florida, State of,"- which
Lme paving certificates, according ;?X"'teresfc;:'' Enclose
the reorganization of the St.' Paul
a certified
passed by the California Legisappeared on page 1993.)
and Western Pacific railroads.
to press reports;'
v
I. .■; >
■_
check for $5,000.
Alature, legislation making it pos¬
"Exactness of findings is like¬
The
sible for.a private utility and a
$125,000 needed by the
104,000 Spec. Tax Sch. Dist. No. /VWauchula, Fla.
16 bonds.
Due July 1, as fol¬
Debt
Refunding
Particulars—
public agency, such as an Irri¬ wise not demanded in cases of county would be raised through
lows:
$4,000 in 1944 to 1949, Wilbur W„; Whitehurst, attorney
gation District, to define terri¬ municipal bankruptcy," the court the issuance of refunding bonds
ruled.
"But where future tax by the State Board of Adminis¬
tories
in which they mutually
'$5,000 in 1950 to 1955, $6,000 for the city, reported under date
in 1956 to 1961, and $7,000 in
tration. The bonds would be re¬
of May 27 the following informa¬
agree not to compete in the dis¬ revenues are the only source to
which creditors can look for pay¬ tired by the State with gasoline
tribution of electric power.
fl
1962 and 1963. All bonds ma¬ tion pertaining to the refunding
There is no date fixed for an ment of their claims, considered
turing on and after July 1, of the city's debt:
tax revenues under provisions of
election in connection with ac¬ estimates of those revenues con¬ a constitutional amendment ap¬
"The plan of composition was
1954, are subject to redemp¬
tion before maturity at the confirmed
stitute the only available basis proved by the voters last Novem¬
by the United States
quiring the private electric power
for appraising the respective in¬
ber.
properties of the California Elec¬
' option of the Board of Pub- District Court, Southern District
;;; ■' .
:,'«i
:• .y /, V \
>■; i;/*;.•■ ;
tric Company, and of course there terest of different classes of credi¬
The county would have until
r;;:;/ lic Instruction on any inter¬ of Florida, upon consent of the
est payment date on and after holders of approximately 75% of
is insufficient time left in May or tors.
v.;" ■
r .viv-'ju'
next Jan. 1 to pay the $125,000.
June to hold an election even if a
July 1, 1953, at par and ac- the outstanding debt to be re¬
"In order that a court may de¬
The settlement would bring to a ;;
crued interest. Enclose a cer- funded.
deal was completed at this time. termine the fairness of the total
An interlocutory decree
close .the banks' isuit againthe
tified check for $5,000. V
was entered in these bankruptcy
county, started in 1936.
A;
San Francisco (City and County), amount of cash or securties of¬
Dated July 1, 1943. These bonds proceedings
fered to creditors by the plan, the
Calif.
in February,
The
W. F. Himes, special attorney
court .must have before it data for the county for several years in are to be general obligations of bonds were executed and on de¬
Bond Issuance Urged—The sale
which'will permit a reasonable, handling various litigation involv¬ the School Districts, secured by posit with the First National Bank
of $500,000 Civilian Defense Aux¬
of Chicago, Chicago, 111., prior to
and hence an informed, estimate
ad valorem taxes on all the tax¬
ing old paving liens, recommended
iliary Water Works bonds is said
of the probable future revenues
able property in the Districts, and the entry of the interlocutory or¬
that the board accept the settle¬
to have been recommended todhe
der. Within a few days after the
available for the satisfaction of ment
are issued under the provisions of
proposal. At the same time
Board of Supervisors by the Civil¬
creditors;
V/,_"'kV
•••; • he said that because the paving Chapter 15772 of the Laws of interlocutory order was entered,
ian War Council.
-' V-'- ■ ■; ^ .■
"And where, as here, different suits involving the county were Florida, 1931, Chapter 132, Florida on Feb. 18, 1943, funds to pay the
(These bonds are part of the
classes of
creditors assert prior being brought to a close, \ the Statutes, 1941, and all laws there¬ first coupons which matured Dec.
$3,000,000 issue approved by the
claims to different sources of re¬ county
would have no further unto enabling, for the purpose of 1, 1942, were deposited with the
voters last June.)
Supreme
States
"
.
,
•
^
.
.
v
.
.
,
■
.
..
•
(
•
,
..
.
principal amount First National Bank of Chicago,
indebtedness of the Funds will be transmitted not ;
Districts.
The bonds will be sold later than May 28, 1943, for pay¬
each class
New Britain, Conn.
Inverness, Fla.:
V:
ment of the second coupons. These
to the highest and best bidder at
a
particular source, and of the
; Bond Issuance Not
Scheduled—• fairness of the allotment to each
Refunding Plan Approved By a price of not less than par and funds are in hand and ready to be
a
^
City
Treasurer C. L. Sheldon class in the light of the probable Bondholders—Stockton, Ulmer & accrued interest.
The successful transmitted.
states that the Legislature passed
"There is now a reserve in the
Murchison,
of
Jackso n v i lie, bidder will be required to accept
revenues to be anticipated from
bills calling for the issuance of
Fla.,
reports
that the United delivery and make payment for interest fund of approximately
each source.
$500,000 public
improvement
States
District Court, Southern the bonds on or prior to July 1. $10,000. The 1942 tax roll which
"To support such determination,
was
bonds, none of which will be isopened for collection about
District of Florida, has not yet 1943. The right is reserved to re¬
there must be findings, in such
used for the duration; also $500,May 1 has produced only a part
entered an interlocutory decree ject any or all bids. \
•
detaii and exactness * as ..the na¬
000 sewer and subway bonds, some
of these funds, leaving approxi¬
approving the new refunding pro¬
ture of the case permits, of sub¬
Osceola County Special Tax School
of which may be issued this year.
mately $30,000 on the 1942 tax roll:
gram for the indebtedness of the
sidiary* facts on which the ulti¬
District No. I* Fla- v;!:.
uncollected, with the probability
City of Inverness, Fla., but the
FLORIDA
mate! conclusion of; fairness can
Bond Call—It is stated by Sam of a substantial collection of the
program has been accepted by all
venue,
CONNECTICUT
must be a deter¬
to which
is entitled to share in
there
mination
of the extent
need of his
30
or
services after
another
refunding a like
bonded
of
60 days.
■.
.
.
i*.
rationally be predicated."
■
'/;■>, >
bondholders who have come into Brammar,,Secretary of the Board amount left.,
Florida (State of)
"The refunding bonds are dated
the suit and which constitute the of Public Instruction, that the fol¬
Terminated—Malowing 41/2% refunding bonds ag¬ June 1, 1942, and are bearing in¬
Certain New Enterprises Held requisite
percentage under the
bry,
Reaves, Carlton & White,
$134,000, are being terest at the rate of 2% for the
j
V'v
< gregating
Esqs., of Tampa, Fla., reported Exempt From Bond Tax Levies— Bankruptcy Act.
called for payment on July 1, at first five years."
under date of May 26 that the The May. issue of the Florida "Mu- j
Largo, Fla.
the place of payment named in
final decree was entered by the nicipal Record" reported the fol¬
Winter Garden, Fla.
i
Bondholders Request Action In the bonds:
court on May 24, discharging the lowing:,, '.
: v.?■
Tenders Wanted—E. M. Tanner,
Series "A," Nos.,6 to 71, in de¬
Tax
Proceedings—Circuit Judge
Florida manufactories covered
City of Brooksville from bank¬
City Clerk, reports that the city
.
ruptcy. The total amount of bonds by
the
State's . constitutional T. Frank Hobson has taken under nominations of $500 each.
Series "B," NOs. 75 to 151 and will receive sealed tenders until
advisement a request from Giles
to be delivered for the old debt amendment which • exempts cer¬
154 to 177, in denominations of 8 p.m. on July 6 of outstanding
was
$316,490.31. Of this amount tain new enterprises from taxa¬ Patterson, attorney for the City
general refunding bonds of 1936; ^
$247,400
have
been
delivered, tion do not have to pay special of Largo bondholders, to either $1,000 each.
Dated
July 1, 1937.
Interest
leaving a little over $42,000 yet to bond taxes or any form of excise certify to the State Supreme Court
IDAHO:5
the case against the outlying prop¬ ceases on date called.
be delivered.
;
V,
tax which may be levied to pro¬
Idaho (State of)
''
erty holders or to order them to Sarasota County (P. O. Sarasota),
duce revenue.
In so ruling, the
Ellentcn, Fla.
State's Supreme Court, on April pay taxes to the Town of Largo,
Note Offering—Myrtle P. EnkReport on Present Debt Status— 30, reversed a previous decision.
Fla., for payment on bonds, ac¬
Supreme Court Refuses To Or¬ ing, State Treasurer, will receive
The above city, which was dis¬
to
Florida news dis¬
The
American Can Company cording
sealed ' bids
until
1:30
p.
m.
der Ad Valorem Tax Levy For
solved by legislative act on Oct.
patches.
v,A/1
1
sought to restrain the City of
Road Debt Service—The Florida (Mountain war time) on June 7
1, 1940, entered into an agreement Tampa from collecting any form
for the purchase of $43,000 not to
H. L. Thompson, Brannon eas¬
Supreme Court held on May 4 that
between Manatee County, Florida, of license, excise or advalorem
ier, Ralph Richards and White- tax levies for bonds cannot be exceed 3 V2% interest Idaho Code
as liquidating agent of the affairs
taxes against its property. It con-^ hurst & Whitehurst, of Brooks¬
Fund
Treasury
notes of
1943.
compelled so long the the bonds
of the City and several parties, all tended
a
19 2 9
constitutional ville, representing outlying prop¬
Dated
June
15, 1943.
Interest
or their interest coupons are paid
creditors of the City. At that time amendment providing tax exemp¬
J-D.
Denominations to suit pur¬
erty owners, with H. L. Thomp¬ with gasoline taxes or other funds.
the City was indebted to its cred¬ tion for 15 years after their estab¬
son doing the pleading, argued at
chaser. Due $3,000 June and Dec.
It affirmed Circuit Judge W. T.
itors for principal and interest in lishment
applied to all forms of a recent hearing that the court
Harrison who had declined to or¬ 15, 1945 to June 15, 1951, and $4,the amount of $76,475. The debts taxation.
had no. jurisdiction to hear the
Printed and
der an ad valorem tax
levy in 000 Dec. 15, 1951.
of the City were reduced by al¬
The Hillsborough County Cir¬ case.
Sarasota County on a mandamus engraved notes will be furnished
lowing a discount of 80%.
By cuit Court ruled the excise taxes ; Town Attorney George L. Brown,
by the State, at the actual cost
by the American United Life In¬
mutual agreement each bond was were not exempt, but denied the
with Mayor H. C. Robinson and
to exceed $50.00,
surance Company. The Court de¬ thereof,^not
reduced to $184.78 as of Oct.: 1,
city's motion to1 dismiss the whole Town Manager D. R. Judkins,
which expense shall be paid by
clared the record showed suffi¬
1940, and bear interest at the rate case. Both the city and the com-,
were
present at the hearing.
the purchasers.
Legal opinion of
cient money in the hands of the
of 1 % for the first five years after
pany appealed.
: •' ■
the Attorney-General of the State
Cyril Pogue, of McMullen, Met State Board of Administration to
date, 2%-for the next five years
The Supreme Court ruled last
will be furnished without cost;
thereafter and 2V2% for the next December that the- constitutional Mullen & Pogue, representing a pay Sarasota County's immediate
number of property owners with¬ maturities; with provisions made but any further legal advice must
five years, and mature as to prin¬
exemption did not apply to license
in the present town, asked Judge for future retirements and no in¬ be procured by and at the ex¬
cipal as originally provided in the and excise taxes, and that new in¬
Hobson to rule on the liability of dication that any defaults would pense of the buyer. Notes will be
bond. To date there has been for¬ dustries
must
pay
advalorem
payable to bearer and holders
warded to the Manufacturers and taxes levied to liquidate public the people within the town limits. occur.
shall have the right to registra¬
Mr. Patterson objected to this, but
Traders Trust Company of Buf¬ debts..
-A bondholder, the Court said,
tion, 1 The notes-will be sold to
falo, N. Y., $1,494.38 for principal
On rehearing, the Court said Judge Hobson took the question hwill not be allowed to refuse
', payment from a source other than the best bidders for par and ac¬
and interest due on bonds.
In¬ it had reluctantly reached the under advisement. ' "
Enclose a cer¬
Mr. : Patterson, in asking that that expressly pledged to him. crued interest.
terest is paid to Oct. 1, 1943.
conclusion that this holding was
tified check for 2% of the amount
the case be certified to the Su¬ Neither
may
he
prevent the
erroneous.
bid- for, - payable
to the State
1
Escambia CountyFla. O.
(P.
The new ruling is that the com¬ preme Court, Stated that he de¬ county from obligating itself else¬
Pensacola),
^
;
sired that the seeming conflicts where to obtain funds with which Treasurer.
Plans Bond issue—The Board of pany is subject to excise taxes
of the Supreme Court's decisions
to pay him." The insurance com¬
levied for regulation but not for
ILLINOIS
County
Commissioners recently
with reference to municipal bonds
pany had contended that a guar¬
revenue,
and that it is exempt
adopted resolutions to issue $1,345,be clarified.
<
^
anteed ad valorem levy would add Cook County (P. O. Chicago), III.
from special bond taxes.
*
000 bonds to finance purchase of
Bond
Call—County^ Treasurer
to the. marketability of the bonds,
Mandtea County Special Tax;
the Pensacola Bay Bridge.
Cir¬ Greater Miami Port Authority, Fla.
but the Supreme Court said that Victor Sclaeger states that vari¬
School Districts (P. O.
cuit Court will be asked to ap¬
Bill Approved By Legislature"in the light of the history of bond ous refunding bonds of 1936, Se¬
Bradenton), Fla.
Brooksville, Fla.
Bankruptcy
■
,
.
..
«>
.
.
.
prove
the program.
..
.
•
.
.
District, Fla.
Supreme Court Clarifies Bank¬
ruptcy
Procedure—The United
Everglades Drainage
Bill creating the above
authority
providing for the issuance of
construction and acquisition re¬
and
venue
refunding bonds has been
Bond
,.
Offerings—Jessie P. Mil¬
ler,- Secretary of the Board of
Public Instruction, will receive
.
and
tax
decade
escape
problems over the past
this State, we cannot
the conclusion that the
in
ries
A,
ment
are
on
being, called for pay¬
July
1,
1943,
at
the
^Volume 157
20931
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4183
tion for approval of the issuance 24—V. 157, p. 1610—was awarded
May 1
1943. Due $7,000 about the proposed refunding plan
to Scharff & Jones of New Or¬
of new refunding bonds.
1, 1944 to 1958, but all bonds being rejected.
Marshall County (P. O. Benton), leans, as 2s, at a price of 100.029,
called.
maturing in 1948 to 1958 will be
Johnson County (P. O. Paintsa
basis of about 1.994%,
Dated
Ky.
optional for redemption prior to
ville), Ky.
June 1, 1943 and due June 1, as
INDIANA
maturity on any interest payment
Proposed
Refunding
Disap¬
Bonds Approved—The State Lo¬
follows: $4,000 from 1944 to 1948
date on or after May 1, 1948. Prin¬
I
Muncie, Ind.
cal Finance Officer has approved proved — County's petition issue incl. and
$5,000 from 1949 to 1953
cipal and interest payable at the
Bond Offering—Sealed bids will
the county's application to issue $50,500 bonds to refund defaulted incl.
Second
high bid of 100.3
City Treasurer's office. - Bidders
road and bridge bonds and
in¬ for
be received until 10 a.m. (EWT)
$8,000 3s and $37,000 2s was
should
specify
interest
rate $50,000 $Vz% funding bonds.
terest has been disapproved
by
on
June 12, by John DJ Lewis,
made by Glas & Crane of New
and all other circumstances being
Kentucky (State of)
the State Local Finance Officer,
City Controller, for the purchase
Orleans.
equal preference will be given to
School
Property
Indebtedness according to report.
of $24,000 refunding of 1943, Se¬
the most favorable bid of par or
Louisiana
(State of)
Refinancing Plan Approved—The
Owensboro School District, Ky.
ries B bonds. Interest rate is not
better specifying the lowest in¬ Court of
Appeals on May 28 ap¬
Certificate Sale Details
The
to
exceed
Seeks To Exchange Bonds—J.
4V2%, payable J-D. terest rate. The City will furnish
proved a refinancing plan for J. B. Hilliard & Son of
Denom. $500. Dated June 15, 1943.
Louisville, $1,550,000 certificates of indebted¬
the approving opinion of Chap¬ school
ness
property ; : indebtedness,
recently sold to the State
Due on Dec. 15, 1951.
Rate of man &
Cutler, of Chicago, the pur¬ thereby paying the way toward recently entered into an agree¬
interest to be in multiples of 1/a
ment with the Board of Education Teachers' Retirement Fund, as re¬
chaser
to
furnish
the " printed an estimated annual tax saving of
of 1% and not more than one rate
of Owensboro, Ky.,
looking to¬ ported in V. 157, p. 1898—were
bonds, and all bids must be so $350,000 in the State's 140 inde¬
issued as 3s, at par, and^ mature
shall be named by each bidder.
ward
a
voluntary refunding of
conditioned.
g
,
pendent and
120 county school
Said bonds will be awarded to the
$146,000 principal amount of its May 1, as follows: »$250,000 in
Bond Sale—The $50,000 semi- districts under existing tax laws.
school
highest qualified bidder who has
improvement 5%
bonds 1947; $300,000, 1948; $450,000 in
ann. sewer bonds offered for sale
1949 and $550,000 in 1950.
The seven judges unanimously dated
The
submitted his bid in accordance
April 7, 1922, and maturing
at public auction on May 27—v. concurred in Commissioner Osso
with the notice of sale. The high¬
$450,000 certificates placed with
serially April 7, 1944 to 1952.
157, p. 1898—wc(re awarded to W. ^Stanley's opinion, which af¬
the Free School Board were sold
est bidder will be the one who
The exchange will be on the
Fayette
Circuit
Judge basis of the earliest maturities and as 4s, at par, and mature on May
offers the lowest net interest cost Halsey, Stuart & Co., Inc., as Is, firmed
at a price of 100.23, .'a basis of Chester D. Adams' validation of
to the City, to be determined by
'•,■■■" ' •
numbers of the bonds outstanding 1, 1951.
about 0.937%. Dated May 1,1943. the
plan,-. ./;■><■
Vjv;V;:
computing the total interest on all
for the earliest numbered refund¬
New Orleans, La.
Due $5^000 from Nov. 1, 1944 to
Fayette County's Board of Edu¬
of the bonds to their maturities
ing bonds of April 7, 1943. Each
Certificate Call—It is stated by •
and deducting therefrom the pre¬ 1953; optional on or after Nov. cation obtained the declaration of
refunding bond will bear interest Jesse S. Cave, Commissioner of
its refinancing rights—which af¬
mium bid, if any. No conditional 1, 1947.
at the rate borne by the outstand¬
Public Finance, that 2%% semibid or bids for less than the par Polk County (P. O. Des Moines), fected the other school units—in
ing bond to be exchanged there¬ ann. Refunding Paving, Series B,
a
test case brought against the
t % '■
Value of said bonds, including in¬
'-■r':'?y Iowa : U .-p g
for to the maturity date of the
certificates of 1939, aggregating
board by Mack J. Morgan, Fay¬
terest from the date of said bonds
bond being exchanged, and there¬
Bond Offering—County Treas¬
$205,000, drawn by lot, are called
ette taxpayer, and others.
to the date of delivery, at the in¬
after at 314%. - For the conven¬ for
urer J. F. Bailie will offer for sale
payment, at par and accrued
:
George L. Evans, State Director
terest rate named in the bid, will
ience of the bondholders and for
at public auction at 10 a.m. on
interest, on July 1, 1943.
of School Finance, who worked
be considered. The right is re¬
reasons of marketability each re¬
June 7 (today), an issue of $81,Dated July 1, 1939. Denomina¬
on the refinancing plan, estimated
served to reject any and all bids.
000 coupon funding bonds. Inter¬
funding bond will bear two sets tion
the annual tax savings which will
$1,000. Due Jan. 1,1951. Said
Ift the event no satisfactory bids
of coupons. One set will be at the
est rate is not to exceed 5%, pay¬
certificates should be presented
accrue
to the county and school
are received
at the time and on
rate of 314% for the period from
able M-N.
Denom. $1,000. Dated
for payment, with all unmatured
districts.
the date fixed, the sale will be
May 1, 1943. Due on Nov. 1; $50,April 7, 1943, and will cover the
coupons attached, at any of the
continued from day to day there¬
Mr. Evans explained the county
000 in 1949, $25,000 in 1950, and
whole life of the refunding bond
places of payment designated on
after until a satisfactory bid has
and district schools had an estiof April 7,-1943.
$6,000 in 1951.
The other set the face thereof.
been received for said bonds.
m a ted
" $5,500,000
outstanding will cover the period from April
KENTUCKY
school revenue bonds. They were
The bonds are being issued for
Orleans Levee District, La.
7, 1943, through and including the
issued' to
provide for building maturity date of the bond being
the purpose of refunding certain
Bond Call—It is stated by W.
Barbourville, Ky.
•
construction and improvements.
outstanding bonds of the City
exchanged and will be at the rate lVt. Duffourc,
Secretary of the
Bond Issuance Approved—The
Today's decision upheld local of 1%%,
which mature on June 15, 1943,
The present refunding Board of Levee Commissioners,
and will be the direct obligations Court of Appeals has approved a fiscal agencies' power to issue re¬ program has been designed by the that
5% semi-ann. Levee bonds
$30,000 bond issue. The City Coun¬ funding bonds, which under pres¬ Board of Education so that, upon
of the City.
numbered 1601 to 1700, aggregat¬
cil on Sept. 4 1942, approved the ent law are tax-exempt, in ex¬
its
completion,
the
maturity ing $100,000, are called for pay¬
Richland Township School Town' issuance of the
bonds, bearing 4% change for the original school schedule of its debt will be so ar¬
ment on July 1.
ship (P. O. Newton), Ind.
interest, to meet obligations bear¬ revenue bonds which are subject ranged that an annual payment
Dated Jan. 1, 1909. Denomina¬
^
Bond
Offering —T.
G.
Mc- ing 6% interest, the Court's opin¬ to taxation. of approximately $10,500 will be
tion $1,000. Due July 1, 1943.
Knight, Township Trustee, will re¬ ion said. It added that creditors /• The Fayette education board or¬ sufficient to pay all interest and
Holders
of
these
bonds
are
ceive sealed bids until 2 p.m. on agreed
to
the exchange.
The ganized a non-profit organization, to retire these bonds by April 7,
notified that the same are payable
June 23 for the purchase of $11,000 obligations, the Court said, in¬ the Fayette County High School
1963.
By spreading the indebted¬
at
the
State Treasurer's office,
not- to exceed 4^2% interest build¬ cluded "a long overdue balance" Company, to finance building con¬
ness over 20 years, instead of 10,
ing bonds. Interest J-J. Dated May on the purchase price of the util¬ struction, the court opinion re¬ annual payments, which are be¬ Baton Rouge, and the office of the
Fiscal
Agent of the Board of
1, 1943. Denomination $500. Due ity plant, money borrowed to pay cited. The company issued $84,000 coming burdensome, will be re¬
$500 July 1, 1944 and, Jan. and city operating expenses, for street worth Of bonds.Jan. 15, 1939, and duced approximately $10,000. The Levee Commissioners, the Whit¬
July 1, 1945 to Jan. 1, i955. Rate construction and fire department since' .then the maturing bonds bonds will be dated April 7, 1943, ney National Bank of New Or¬
Interest
ceases
on
date
of interest to be in multiples of apparatus. „4
.'". >',*-Y •. •.« have beeri paid, leaving a $75,000 and will be Redeemable at the op¬ leans.
called.
balance outstanding, it added.
Va of 1% and not more than one
tion of the Board of Education.
Clay County (P. O. Manchester),
Under the refinancing plan, the
rate shall be named by each bid¬
The bonds will be issued with the St. Landry Parish, Coulee Croche
Ky. ■
outstanding holding company
der.
The bonds will be awarded
Gravity Drainage District No. 22
Judgments Ordered — Federal bonds-will be turned over to the opinion of Chapman & Cutler, of
to the highest responsible bidder
Chicago, approving their legal¬
(P. O. Opelousas), La.
District Judge H. Church Ford on
County r Fiscal
Court by their
who has submitted his bid in ac¬
ity.
Under the terms
of the
Bond Offering—Maysie B. Kerr,
May 21 granted judgments total¬ present holders, who agreed to
cordance with the notice of sale.
agreement entered into, J. J. B. Secretary-Treasurer of the Board
ing more than $160,000 to bond¬ the exchange, the opinion related.
The highest bidder will be the
Hilliard & Son will act as ex¬ of
Commissioners,
will receive
holders,
warrant
holders
and
The Fiscal Court in turn will
one who offers the lowest net in¬
clusive agents in collecting and sealed bids until 6 p. m. on June
other creditors of Clay County, issue similar revenue-liquidation
terest cost to the School Township
obtaining exchange of bonds, in 22 for the purchase of $40,000
Ky., but withheld the entering of county bonds to replace the hold¬
to
be determined by computing
accordance with the plan.
They drainage bonds, due in 20 years.
an order distributing county funds
ing company bonds. These county
the total interest on all bonds to
will reecive from the Board of The bonds Were authorized at an
now impounded in a bank at Man¬
government bonds will be exempt Education a commission of 2% of
their
maturities
and
deducting
election on May 18.
chester.
under present law from Federal
therefrom the premium
bid, if
the principal amount of each bond
The judgments were granted in taxes on income from the prop¬
MARYLAND
tendered for exchange.
J. J. B.
any.
No bid for less than par and a series of
suits, now consolidated erties.. The State never has made
■accrued interest to date of de¬
Hilliard & Son will assume the
into one action, which had been an assessment against the hold¬
Allegany County (P. O. Cumber¬
entire cost of the
presentation
livery will be considered.
The filed
against the county during ing company bonds.
land), Md.
1
bonds are being issued under the
and operation of the plan includ¬
the last 10 years.
The suits in¬
The property will be conveyed
Bond Sale—The $40,000 Memo¬
provisions of Section 65-313 Burns volved
The plan will
highway
bonds,
bridge to the county by the school board's ing all expenses.
rial Hospital, Issue of 1943 bonds
Statutes 1933 for the purpose of
remain in effect until March 1,
bonds, warrants issued for the holding company, under the plan,
offered for sale on May 28—v.
providing funds to complete the
keep
of county prisoners
and and the county will lease it to 1944, but may be1 extended by 157, p. 1794—were awarded to
mutual
agreement between the
payment of the costs of remodel¬ other obligations the county had the board for
operation.
v
Board of Education and J. J. B. Newburger & Hano of Philadel¬
ing and improving the Newton failed to meet.
Bonds issued by the county to
School building in said School
Hilliard & Son.
There will be phia, as 1.60s, at a price of 100.796,
the
Judge Ford, referring to the redeem
holding
company
a
basis of about 1.555%.
Dated
no
Township and the construction
charge to bondholders mak¬
county's financial condition, said: bonds will not constitute a debt
July 1, 1943.
Due $5,000 from
and
equipment of an addition "Someone should take definite of
ing the exchange.
the county, their "sole security
July 1, 1962 to 1969 incl.
In addition to the opportunity
thereto. Said bonds are the direct
steps to take care of your coun¬ being revenue and obligations of
to exchange offered to bondhold¬
obligations of the School Town¬
MASSACHUSETTS
the
trustees
of mortgages
and
ty's obligations."
ers, J. J. B. Hilliard & Son offers
ship payable out of unlimited ad
An order for distributing the
bonds to collect the revenue apd
Boston, Mass.
to
valorem taxes to be levied and
purchase, subject to change
impounded funds was withheld pay the bonds out of the rentals,"
without notice, outstanding bonds
Note Sale — The issue of $5,collected on all of the taxable
at present when it developed that the opinion said.
which are eligible for exchange, 000,000 notes offered May 25 was
property
within
said
School the Clay Fiscal Court recently had
Bond Call—It is stated by J. L.
at prices obtainable on applica¬
awarded to the Chase National
Township. The approving opinion
proposed a plan for refunding the Donaldson, Commissioner of High¬
tion.
of Matson, Ross, McCord & Ice,
Bank of New York, Salomon Bros.
county's indebtedness and ending ways, that various State 1, lVz,
The necessary bond resolutions & Hutzler, and R. W. Pressprich
of Indianapolis, will be furnished
the prolonged litigation.,
1%, 2%, 3 arid ZVz% bridge rev¬ have already been passed by the &
to the successful bidded at the
Co., all of New York, jointly,
The court was told, however,
enue refunding bonds aggregating
School Board and the new re¬ at 0.53% interest, plus a premium
expense of the Township. No con¬
by representatives of the bond¬ $610,500, are being called for pay¬
ditional bids will be considered.
funding bonds have been vali¬ of
$5.
Other bidders:
Halsey,
holders that all persons .holding ment on
July 1, 1943.
'
<
dated in the Circuit Court.
The Stuart & Co., .60% plus $57 pre¬
Enclose a certified check for $500,
securities of the county had op¬
payable to the School Township. posed the refunding pl&n. Coun¬ Leslie County (P. O. tiyden) Ky. plan is now effective and the mium; and First Boston Corpora¬
holders of approximately half of tion and Chemical Bank & Trust
sel for the county reported-to the
-Hearing On Proposed Refund¬
IOWA
the bonds have already consented. Co., jointly, .59% plus $78 pre¬
court that refunding suggestions ing—Holders of 4% road refund¬
American National Bank of Chi¬
cago.
Interest
ceases
on
date
Dated
Nov.
■
—
~
.
,
.
r
'
•
■
,
-
■
.
.
-
"
Council Bluffs, Iowa
4
offered by
the bondholders were
"outlandish."
bids will
Representatives from the Fiscal held at the office of the State
until 7:36 p.m. on
Local Finance Officer at Frank¬
June 7 (today), by Nels Hansen, Court, attending the hearing, told
fort, at 10 a. m. (CWT) on June
City Clerk, for the purchase of Judge Ford that it was the first
time
they had heard anything 10 • to consider the county's peti$105,000 flood protection bonds.
Bond Offering—Sealed
be
JBUliaing
Company.
Reentered as second-class matter February
and
( x eiepnone
ouiue uoxo;«
Iota and Long Point
District
Drainage
La.
of $45,000
Bristol
County (P. O.
improvement bonds
jjuuuull—XiUwaiua oo ouiiwi,
•
^
rV
\L
*
Note
Sale—A $250,000
notes was, offered
„
TT-ni+pri
issue of
for sale on June
arirt
l^S-SubscriptioMin. United
Asia Australia
™ *!+ i mflde !ii New York funds,
advertisements must he made m new
of March 3,
Mexico and Cuba, $29.50 per year; Great
remittances for foreign subscriptions and
offered May
Taunton),
Mass.
(P. O. Iota),
Bond Sale—The issue
25, 1942, at the £ost office at New York, N. Y., under the Act
in Dominion of Canada, $27.50 per year. South and Central America* Spain,
Africa, $31.00 per year. NOTE: On account of the fluctuations in the rates of exchange,
$26 00 per year;
LOUISIANA
.
received
BDaria
mium.
ing bonds, dated Jan. 15, 1941, are
advised that
a
hearing will be
Britain, iSfl?
,
Bridgewater,
Sale
Note
Mass.
purchased on May 24 an
issue of $60,000 notes, due. in 6
Trust Co.
months, at 0.415% discount. The
National Bank of Brockton, sec¬
for the pay¬
of operation and
maintenance, and will be secured
by a first lien on such revenues.
Bids shall be conditioned
upon
high bidder, named a
ond
0.42%.
rate of
/;T;
Canfield, Paddock & Stone,
Bond Sale
—
will
The issue of $20,-
Somerville, Mass.
a
The First
cost
Mass.
notes
awarded to
the Merchants National Bank of
Boston, at 0.424% discount. Dated
May 27, 1943 and due Dec. 9,
1943.
Other bidders: First Na¬
tional
Bank of
Boston, .43%;
Leavitt & Co., .459%, and Brew¬
ster County Trust Co., .483%,
Note Sale
—
The $200,000
offered May 26 were
Worcester,
Sale—The
Mass.
$500,000 notes
awarded to
of New
York, at 0.37% discount, plus a
premium of $9. Dated June 3, 1943
and due Nov. 22, 1943. The Mer¬
chants National Bank of Boston,
second high bidder, named a rate
offered June 2
the
Bankers
were
Trust
Co.
of
Township Clerk, will receive
until 8 p.m. (EWT) on
June 15 for the purchase of $180,000 not to exceed 4%
interest
coupon water and sewer system
refunding and extension bonds.
Dated May 1, 1943. Interest M-N.
Denomination $1,000. Due May 1,
as follows: $5,000 in 1945 to 1951,
1961, $7,000 in
$8,000 in 1965
to 1972.
Redeemable on any in¬
terest date before maturity,
in
inverse numerical order, at par
and accrued interest.
The bonds
are-".registerable as to principal
only. Principal and interest pay¬
$6,000 in 1952 to
1964, and
Manufacturers Nation¬
of Detroit. Award will
the bidder whose bid
be made to
produces the lowest interest cost
to the Township, computed from
1, 1943, to date of
after allowing for the
maturity,
will be received.
The
for the purpose
$95,000 of the $118,-
bonds are issued
of refunding
000
outstanding
System
March
extensions
the
Water
Water
Supply
bonds, dated
1941, and constructing
and improvements to
and Sewer System of
Revenue
15,
premium will
157,
p.
and
ter
Newv York
the
at
62, 65, 114, 124,
and 156; Series
B, Nos. 33, 62, 109, 202, 219, 245,
251, 252, 260, 262, 273 and 275. The
certificates should be presented
for payment on or before
date
called at the City Treasurer's of¬
fice or at the Ferndale branch of
Hall
each of said bonds
all
Weeden
National
Co., New York City,' the
principal thereof, together with
accrued interest to date called.
Trust
V" Interest
ceive
sealed
will
Clerk,
Township
bonds
are
V
until
bids
7
m.
p.
City Bank of New York,
Bank of New York, Northern
of The
& Co., Inc. and Associates
public re-offering of the cer¬
tificates
at prices
from 101 to
100.75, according to maturity. The
certificates are redeemable on and
1,1946 at par and rep¬
general obligations of the
State of Minnesota for which the
after July
resent
full faith
bonds.
April 1, 1943. Denom. $1,system
and credit are pledged.
Dated
MISSISSIPPI
calling for the issuance of the fol¬
lowing bonds aggregating $47,000:
shall
bonds
J-J.
be
whose
bidder
Due Jan.
to
the
produces
the
awarded
bid
1, as
lowest interest cost to the Town¬
after allowing for the pre¬
mium or discount, if any. Interest
on the premium will not be
con¬
ship
sidered
as
be received.
for
now
dealers
outstanding,
constructing
and
improvements
and
sewer
system
are
extensions
dated
Feb.
5,
provision for the pay¬
Jefferson
City School Dist. (P. O.
City), Mo.
Jefferson
Bonds Sold—It is
bonds
reported that
semi-ann. school
have been purchased by the
$50,000
lJ/2%
Charles),
Mo.
operation
Bond Call—It is stated that Les¬
and maintenance. These bonds are
lie Hoffman. Clerk of the County
ment
of
of
equal
'
I
expenses
standing
of
with
NEW YORK
Greenburgh (P. O. Tarrytown),
N.
Y.
Bond Sale—The $90,000 coupon
or
Greenville
registered
25—V.
May
157,
p.
Sewer
offered
bonds
1899—were
Weigold,
awarded to Roosevelt &
Inc., New York, as 2s, at a price
the Marine Trust
Co.
of Buffalo and R. D. White &
Co.,
mitted
jointly.
Herkimer, N. Y.
Issuance
Bond
Planned—Th<
be plan-
Town Council is said to
payable
Interest
by
ning to issue $15,000 bonds, to paj
the county for moneys due and
It is expected that $599.17
paid at once from current
surplus funds.
owing.
will be
Dewey approved the
Governor
legislative bill providing that the
town
could issue $15,599.17 for
the above purpose.
Neb.
York, N. Y.
Business
piled
and
let
form,
District improvement
Interest rate is not to ex¬
bonds.
ceed '2%%,
payable
Compiled
D.
Tax
Regulations
Jo¬
has com¬
published in book¬
regulations
de¬
—
Comptroller
McGoldrick
signed to guide and assist the tax¬
payer to report his true tax lia¬
Dated bility under the General Business
J-J.
July 1, 1943. Denominations to be
designated by the purchaser. Due
and Financial Tax law
(common¬
ly called the "Business or Gross
$6,465 July 1, 1944 to 1953. Prin¬ Receipt Tax") in effect since May
cipal and interest payable at the 1934.
Important changes from
office of the County Treasurer of
prior regulations are set forth in
Lincoln County.
Enclose a cer¬ the
booklet, and as the need there¬
tified check for 2% of the bonds for
arises, the Comptroller will
bid for, payable to Frank J. Mil¬
amend, revoke or supplement any
ler, County Treasurer.
:
part of these regulations, and will
issue
HAMPSHIRE
special
rulings
relative
to
H.
The business tax is imposed for
$150,000 notes the privilege of carrying on or
offered June 2—v. 157, p. 1995— exercising for gain or profit with¬
in* the City of New
York any
were awarded to the Nashua Trust
Nashua, N.
Sale—The
Note
Co., Nashua, at 0.404% discount. trade, business, profession, voca¬
or
Dated June 2, 1943 and due Jan. tion or commercial activity,
12, 1944. The Indian Head Na¬ of making sales to persons within
Bank
tional
high
bidder,
named
a
second the city, during a specific privi¬
rate of lege period, or any part thereof,
National and is based upon the gross re¬
another bidder, ceipts or, in the case of a finan¬
cial business, upon the gross in¬
rate of 0.41%.
The
0.405%.
Bank
Nashua,
of
Second
of Nashua,
a
come,
sys¬
after
Due in 5 years.
26, by Theo. H. Berg, City Clerk,
for the purchase of $64,650 Special
named
ship, and will not be a general Central Missouri Trust Co. of Jef¬
obligation of the Township, but ferson City. Dated May 15, 1943.
are
payable only from the rev¬
St. Charles County (P. O. St.
enues of the water and sewer
tem
22,000 fire truck purchase bonds.
seph
NEW JERSEY
MISSOURI
is¬
to the water
of the Town¬
being
$300,000,
No bid
These bonds
are
1938, and callable on Aug. 5, 1948,
or
any
interest date thereafter.
The bonds are part of an issue of
deductible in determin¬
for less than all of the bonds will
sued
Bond Refunding Plans
Bond
Due in 12 years.
specific questions.
Miss.
Invited—
advised
follows: $2,000 in 1946 to 1950, and that the above
city will receive at
$3,000 in 1951 to 1955.
Register- 4 p.m. on June 8 bona fide and
able as to principal only. • Prin¬ feasible
propositions and plans for
cipal and interest payable at the the
refunding of
$175,000 par
National Bank of Detroit.
These value of Industrial 3V2% bonds
000.' Interest
purchase bonds.
$25,000 building
Bond
NEW
Natchez,
revenue
City
ordinances
v
Assessment
100.03
on
sewer
Authorized—The
Bonds
Commission has passed
and
issued
^
:
Orange, N. J.
Offering—Sealed bids will
be received until 10 a.m. on June
Stuart
June 7 for the purchase
of $25,000 not to exceed 4% in¬
terest coupon series 2 water and
(EST)
1960,
to
Lincoln,
■
made
re¬
said bonds ceases on
New
,
Syndicate Re-Offering—Halsey,
Offering—Edith H. Beck-
Bond
man,
1946
m-n.
.100.119
First
Co
Co., Chicago, and Bank
Manhattan Co., New York
IS 145
Detroit), Mich.
Road,
Beech
&
on
called.
date
of 100.33, a basis of about 1.962%.
payable on June 30, 1944, Dated May 1, 1943 and due $5,000
and the sum of $1,000 will become on May 1 from 1944 to 1961 incl.
payable on the same day each Second high bid of 100.44 for 2.10s
year thereafter until all of such was made by Ira Haupt & Co. and
bonds are paid.
Sherwood & Co., jointly.
Third
The bonds, whether amortiza¬ bid of 100.15 for 2.10s was sub¬
National
Bank.
appurtenant coupons due on or
1, 1943 attached), at the
of the Chemical Bank &
come
..100.149
3
&
(upon presen¬
with
office
$1,000 each; the sum of $1,000
of the said serial bonds will be¬
Bank
& Trust Co.
of
and Associates...
100.19
& Co.,
Inc., Harris,
and Shields & Co., and
Trust
Township (P. O.
Red ford
Trust
re¬
after July
of
June 2—
Savings Bank, Chicago,
Chase
National
Bank of
New
York,
First National Bank of
Chicago, and
14, 26, 41, 42, 48,
140, 143, 149, 152,
the Wabeek State
Co.
&
of
date
to
demption but without premium
and on July 1, 1943, there will
become due and be payable on
Ripley
Associates
Harris
interest
accrued
they will be in the amount
sold
Rate Bid
National
Minneapolis,
Harriman
are
District
serial
If
of)
Certificates
offered
$97,000,
tation and surrender thereof
1795—were awarded to
composed of Halsey,
Co., Inc., Stone & Webs¬
Blodget, Inc., Eastman,
Co., Hemphill, Noyes &
First
on
premium, ing the net interest cost.
Interest on premium will
not be considered as deductible
in determining the net
interest
cost.
No bid for less than all of
if any.
the bonds
or
of
of issue.
Bidder—
sealed bids
June
Louis,
Co., New York, at the op¬
tion of the holder.
V
syndicate
considered as
O'Donoghue calls for pay¬
July 2, 1943, certificates
indebtedness, Series A, Nos. 8,
ment
son,
al Bank,
V.
H.
T.
Township (P. O. Ink•
able at the
St.
Trust
numbered 11 to 107, to
deductible in Dillon &
tion or serial bonds, will be re¬
determining the net interest cost. Co., B. J. Van Ingen & Co., Inc.,
Bids shall be
conditioned upon Bacon, Stevenson & Co., all of deemable in full on any interest
the unqualified legal opinion of New York, and E. Lowber Stokes payment date from and after 5
Miller,
Canfield,
Paddock
& & Co. of Philadelphia, as 1.10s, at years from the date of issue. En¬
close a certified check for $200,
Stone, of Detroit, approving the a price of 100.319, a basis of about
legality of the bonds.
The cost 0.99%. The certificates are dated payable to the District Clerk.
of said legal opinion will be paid July 1, 1943 and mature $675,000
NEBRASKA
on
each of the following dates:
by the City and of the printing of
Battle Creek, Neb.
the bonds by the purchaser.
En¬ July 1, 1951, Jan. 1 and July 1,
close ^ certified check for 2% of 1952, and on Jan. 1, 1953. They
Bonds Authorized—The Village
the par value of the bonds bid up¬ carry an optional feature. Among Board is said to have authorized
other bids for the issue were the
the issuance of $42,500 3%% elec¬
on, payable to the City.
following, each of which specified tric light revenue bonds. Dated
Ferndale, Mich.
an interest rate of 1.10%:
May 15, 1943. Due on May 15 in
Certificates Called — City Clerk
Offering—Jay A. Patter¬
to
(State
Credit
of indebtedness
for
ster), Mich.
1962
semi-ann. toll
refunding bonds,
First
$2,700,000
rural
credit deficiency fund certificates
Bids will not be considered
less than all of the bonds is¬
on
revenue
presented for payment at the
National Bank
St. Louis,
be
Awarded—The
Stuart &
MICHIGAN
Bond
offered, if
Minnesota
Rural
a
of 0.37%.
Dearborn
from
maturity, after de¬
Interest
2Vz%
30,
bridge
bonds.
Revenue
the amount
being called for
Denomina¬
numbered 301 to 350, aggregating payment on July 1.
tion $1,000.
Dated July 1, 1939.
$50,000, part of an original issue
Due July 1, as follows: $10,000 in
of $1,950,000.
1944 to 1946, $16,000 in 1947, and
Dated May 15, 1941. Due June
$17,000 in 1948 to 1950.
30, 1956. Said bonds will be re¬
Said bonds will be redeemed at
deemed at par and accrued in¬
terest on date called and should the principal amount thereof and
June
period of 12 years from the date
any.
sued.
j
MINNESOTA
„
City, computed
the premium
ducting
not be
Taunton,
the
to
-
1,
and security with these
bonds and interest
limitation as to
The bonds will
be awarded to the bidder whose
bid produces the lowest interest
July 1, 1943, to
"
designated 1 by the Tow n s h i p
Board and approved by the hold¬ Flathead and Lake Counties, Joint
ers of all outstanding bonds that
A School District No. 38 (P. O.
'
the
estimated
earnings
of the
Vs:?
Bigfork), Mont.
:
'
Water and Sewer System, includ¬
Bond Offering—Sealed bids will
ing the extensions to be - con¬
be received until 8 p.m. on June
structed, will be sufficient, at the
15, by Gertrude Jaqueth, District
rates then existing, to provide for
Clerk for the purchase of $12,000
the requirements of operation of
refunding bonds. ■ Interest rate is
the System and for principal and
not to exceed 3%, payable J-D.
interest of all bonds outstanding
Dated June 30, 1943. Amortiza¬
and to be issued. • Bids shall be
conditioned upon the unqualified tion bonds will be the first choice
and serial bonds will be the sec¬
opinion of Miller, Canfield, Pad¬
ond choice of the School Board.
dock
&
Stone, of Detroit, ap¬
If amortization bonds are sold and
proving the legality of the bonds.
The cost of such opinion and the issued, the entire issue may be put
cost of printing the bonds will be into one single bond or divided
paid by the Township.
Enclose into several bonds, as the Board
a
certified check for $1,000, pay¬ of Trustees may determine upon
at the time of sale, both principal
able to the Township.
(These are the bonds originally and interest to be payable in semi¬
annual
installments
during
a
offered on May 1, and not sold.)
thereon, without
rate or amount.
ly, .562%.
Note
to pay the
sary
National
Bank of Boston purchased on May
25 an issue of $500,000 notes at
0.469% discount.
Dated May 25,
1943 and due Dec. 21, 1943. Other
bidders: Leavitt & Co. for New
York delivery,
.4625%; Second
National Bank of Boston, .538%,
and National Shawmut Bank and
Merchants National Bank, joint¬
—
' t
.
MONTANA
offered May 600, payable to the Township.
1898—was awarded
East Grand Rapids, Mich.
to the National Shawmut Bank of
Bond Offering—Louis F. BattBoston, as IV4S, at a price of 100.159, a basis of about 1.20%. Dated jes, City Clerk, will receive sealed
June 1, 1943 and due $4,000 on bids until 5:30 p.m.
(CWT) on
June
1 from 1944 to 1948 incl. June 7 for the purchase of $51,Arthur Perry & Co. of Boston, 000 not to exceed
4% interest
only other bidder, offered 100.127 coupon special assessment refund¬
for VAs.
ing bonds.
Dated July 1, 1943.
Interest A-O.
Denomination $1,Plymouth County (P. O. Ply"
000.
Due $17,000 Oct. 1, 1950 to
mouth), Mass.
1952.
Rate of interest to be in
Note Offering—Avis A. Ewell,
multiples of V\ of 1 %. Principal
County Treasurer, will
receive and interest payable at the City
sealed
bids
until
11:30
a.m.
Treasurer's office.
Issued on the
(EWT) in June 7 for the purchase
general faith and credit of the
at discount of $150,000 tuberculo¬
City which is authorized and re¬
sis
hospital maintenance ; notes.
quired by law to levy upon all the
Dated June 1, 1943. Denom. $25,taxable property therein, such ad
000.
Due March 15, 1944.
- ; ,
valorem taxes as may be neces¬
.
.
Jan.
bonds, but only on a statement by
the Chief Engineer of the Water
Board of the City of Detroit, or
some
other registered engineer
of De¬
25—V. 157, p.
Note Sale
System
standing
bonds
defense
000
'
right is reserved to issue ad¬
ditional revenue bonds of equal
paid by the Township.
certified check for $3,-
be
Enclose
"
N
The
printing the bonds
and the cost of
•
equally with said Water and
Sewer
troit, approving the legality of the
bonds.
The cost of such opinion
Bedford, Mass.
New
tem
unqualified opinion of Miller,
the
r
-
Sewer Revenue bonds
Township 'dated
1941, issued under Ordinance No.
2,
adopted
Dec.
20,
1940, as
amended, and are secured by a
lien on the revenues of said sys¬
ment of expenses
The Bridgewater
—
*
'
.
the
of
ship after provision
East
'
Water and
awarded to the National the Township, and will not be a
Shawmut
Bank
of Boston,
at general obligation of the Town¬
0.40% discount, plus a premium ship, but will be payable only
from the revenues of the Water
of $1.25. Dated June 2, 1943. Due
and Sewer System of the Town¬
on Nov. 12, 1943.
1 and was
Monday, June 7, 1943
CHRONICLE
COMMERCIAL & FINANCIAL
THE
2100
$350,000 Court, is calling for payment on
Mountain Lakes,
as
N. J.
for a specified basic
set forth in the
period
respective local
laws.
The following rates are in ef¬
fect under the current law: oneregistered semi-ann. general
twentieth of one per cent (1/20
refunding bonds offered for sale
of 1%) applicable to persons en¬
on May 28—v. 157, p. 1899—were
gaged in business and professional
awarded to Julius A. Rippel, Inc.
of Newark, as 1.30s, paying a price endeavors. One-tenth of one per¬
of 100.07, a basis of about 1.285%. cent (1/10 of 1%) applicable to
Dated June 1, 1943. Due on June persons engaged in financial busi¬
Bond Sale—The
$68,000 coupon
or
1
in
ness.
1947 to 1950 incl.
must be filed by every
Clerk
A return
Myrtle L. Hillman states that
3V2%. refunding of 1939 bonds,
individual,
partnership,
association,
joint stock company,
Bond
Call—Borough
,
society,
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4183
157
corporation,
estate, receiver, Vandewater, Sykes & Galloway, of
trustee, assignee, referee or any New York, will be furnished the
other person acting in a fiduciary purchaser., Enclose
a
certified
or
representative capacity, check for $337.20, payable to the
whether appointed by a
otherwise,
and
Village,
court or
combination
any
ercising
trade
or
of
tax due is payable on June
15, following the close of the cal¬
endar year normally serving as
the basic period. However, where
filed
be
1.
to
use
1, he
a
a
later date
issue
of
$219,338 registered certificates of
indebtedness
the
1
was
and
offered for sale
awarded
was
Trust
plus
Co.
a
of
at
Buffalo,
is
to
interest
0.56%.
of
1, 1943. Due on June 1, 1944;
callable at any date on or after
courts
Plants—Federal
asked
to
drastic
and
mately
decline
a
in
decide
whether
be
deferred
made;
met;
will
ulti¬
maximum
borrowings .necessary
funds
to
to
out the
carry
The
held by the
Authority will be re¬
stored, all within the eleven year
war
ment
are
period. The esti¬
which the plan is based
the best
however,
we
get. No one,
dogmatic about
can
be
predictions which involve war,fed¬
eral regulation of production and
transportation and other factors
can
subject
result
to
fluctuations
Authority's
in
the
program,
letter,
the
the
limitations
Bond
in
Resolution
the
fronting
sult
of
the
of
Revenue
use
that
bondholders
war-time
of
General
funds
make
to
as
proposes,
some
and
changes." Total revenues from all
five bridges operated by the Au¬
thority amounted to $4,554,365 in
1942 as against
$6,846,506 for 1941.
arising
on
in the usual
shall
June 1, 1943.
De¬
$1,000. Interest J-D.
Due June 1, as4 follows:
$11,000
from 1952 to 1957 incl. and
$14,000
No in¬
course.
restrictions
gasoline
Loeser's
total
traffic
and
letter
or
be
in
payable
of said bonds after July 1,
re¬
County
Bonds
(P.
O.
rubber,
may
one
name
two
for the earl¬
-
for the balance of the issue.
Ashe-
ville), N, C.
vr/Cy,;,'..
j
Purchased—In
tion with the
connec¬
call for tenders
on
.
following
bonds
were
chased by their respective
funds:
Prin¬
cipal and interest payable in New
York City.
Bonds are unlimited
tax obligations of the
county and
the
approving legal opinion of
Reed, Hoyt & Washburn of New
York City will be furnished the
purchaser. A certified check for
sion Curtis Bynum advises us that
pur¬
$1,600, payable unconditionally to
the State Treasurer, must accom¬
sinking
:.y'; .
pany the bid.
County of Buncombe refunding, McDowell County (P. O. Marion),
$33,000 at 67.22.
N- c-
SS:
3"
City of Asheville general
funding, $26,000 at 65.81.
Bond
re¬
Mary
the
Asheville Local Tax School Dis¬
trict
Various Sanitary Districts re¬
funding, $5,000 at sundry prices.
Burgin
July
1,
Bonds Nos.
pleted—F. B. Garrett, County Ac¬
dated
countant and
1950.
Auditor, reports that
county's debt refunding pro¬
gram was approved by the United
the
July
Carolina
181
1,
and
1920,
184
due
to
189,
1,
July
<
1,
Nos.
316 to 330, dated
1921, due July 1, 1951.
July 1, 1943.
Bond
Offering—W.
E.
Easter-
ling, Secretary of Local Govern¬
ment
Township (P. O.
Franklinton), N. C.
E.
90,
1,
County (P. O. Rutherfordton), N. C.
Franklinton
Offering—W.
July
Rutherford
practically all of the
bonds have been exchanged in ac¬
cordance with the provisions of
the plan.
Bond
due
All redeemable
that
North
July
Bonds
States District Court for the West¬
of
1919,
1949.
Bond Exchange Virtually Com¬
District
are
City:
dated
.
ern
that
Bonds Nos. 84, 85, 87, 89 and
•
and
announces
following highway bonds
York
Clay County (P. O. Hayesville),
N. C.
V
•
Call—County Accountant
G.
called for payment on July 1, 1943
at the Chase National
Bank, New
refunding, $6,000 at 44.25.
on
indicates
Bidder
interest,
iest maturing bonds and the other
Buncombe
the
1959.
rates of
con¬
the
as
any
accrue
Dated
nomination
1943. :
emergency
mates upon
gasoline and rub¬
through modification of
will
bonds.
payment, or, if detached from the
bonds, may be presented for pay¬
provide
plan will
As evidence of the situation
outlined
re¬
be fully repaid and all operating
and operating reserve funds now
bridge
revenues
be
funds
originally
contem¬
plated in the Bond Resolution will
be provided for and short-term
which
as
will
serve
Approve
bonds,
occur
toll
from war-time
Seeks to Tax Government-Built
be
the
to
premises
are
sinking fund payments
temporarily
of the August 1, 1943
the
maturities
minimum
ber restrictions.
Rochester, N. Y.
War
on-
the
traffic
1, 1943.
!
Asked to
would otherwise
premium of $13.00. Dated
June
Dec.
traffic
amendments,
serial
designed to prevent default in
the payment
Traders
&
Manufacturers
of
1948
asserting "We
adopted this plan believing that
under it, interest payments and
borough
Niagara Falls, N. Y.
June
the
Debt Service Plan—Holders of the
time.
on
as
Bondholders
period beyond May
file his return on the
and pay the tax at such
Sold—An
by
mend that bondholders consent to
Bridge
Authority
are
urged in a letter of May 29, 1943
from
General
Paul Loeser, the
General Manager and Secretary,
to give prompt consent to a plan
submitted by the Authority td its
bondholders for meeting its finan¬
cial situation arising from the ef¬
fect of war restrictions.
The plan
Certificatee
level
isterable as to principal only,
highway improvement refunding
on July
1,
the appurtenant bonds
be attached to the bonds for
of
may
by 1947 and
war
The
—
$98,500,000 Revenue Bonds of Tri¬
on
restoration
1941
for interest due
May 27, of refunding bonds, Sec¬
retary of Sinking Fund Commis¬
S ale
August
filed
The end of the
the
Triborough Bridge Authority, N. Y.
on
basic
may
-
N. Y.
taxpayer is required
be
may
Thus, if
1943,
likewise be avoided.
gold, Inc., New York City.
June 15, because the basic period
conflicts with the due date, the
return
pons
terest
jointly,
100.30,
The tax return with the. amount
cannot
in¬
will
on
maturities
.
may
return
serial
1.60s, at a price of
a
basis of about 1.55%.
Dated May 1, 1943 and due on
May 1 from 1944 to 1958 -incl.
Second high bid of 100.44 for 1.70s
was
made by Roosevelt & Wei-
gain or profit any
profession.
The booklet
be obtained
from
Special
Deputy
Comptroller
George Marlin, Bureau of Excise
Taxes, 350 Broadway, New York
City, contains many comprehen¬
sive outlines regarding the gen¬
eral and administrative provisions.
the
and
upon which the traffic estimates
$132,000 are based.
coupon or registered new capital
In a covering letter to bond¬
bonds offered on May 25 and de-!
scribed in detail in v. 157, p. 1899 holders, Robert Moses, Chairman,
and George V. McLaughlin and
—were
awarded to Blair & Co.,
Roderick
Stephens,
the
other
Inc. and George B. Gibbons & Co.,
members of the Authority, recom¬
Inc., both of New York v. City,
Bon d
for
which
terest
:};
Tcnawanda (P. O. Kenmore),
of individuals carrying on or ex¬
alized, subsequent defaults
2101
Commission,
sealed
leigh,
bids
at
his
will
office
receive
in
Ra^.
until
11 A.M. (EWT) on
June 8 for the purchase of $53,000
Easter-
not to exceed 6%
ling, Secretary of Local Govern¬
ment
Commission, will receive
interest coupon
for
all
five
refunding bonds, as follows:
bridges operated by the Authority sealed bids at his office in Ra¬ $31,000 road, bridge and general
for the year 1941 amounted to
bonds.
Due June 1, as fol¬
39,- leigh, until 11 a.m. (EWT) on June
and principal requirements dur¬
114,832 vehicles, producing total 8 for the purchase of $16,000 not
lows: $6,000 from 1960 to 1963
ing the estimated war emergency revenues of
incl. and $7,000 in 1964. V
erected for use by Eastman Kodak
$6,846,506, whereas in to exceed 6% interest coupon road
period. It involves consent by the 1942
only
but the Assistant U. S. District
24,943,386 " vehicles, refunding bonds. Dated June 1,
22,000 school bonds. Due June 1,
holders of two-thirds of the out¬
yielding total revenue of $4,554,- 1943. Interest J-D. Due June 1,
as
follows: $4,000 from 1960
Attorney promises a court fight
standing bonds to six amend¬ 365 used the
to
1963 incl, and $6,000
bridges, although as follows: $1,000 in 1944 to 1953,
in
against it. The city contends that ments to the Bond
Resolution, gasoline restrictions were in
ef¬ and $2,000 in 1954 to 1956. Bidders
1964.
while federal property can't be
which was adopted in February, fect
during only a part of 1942,
All of the bonds are dated June
are requested to name the interest
taxed, the two plants can be as¬
1940, when the bonds were issued.
The Authority,'
sessed
because they have been
Denom. $1,000: Bidder
according the rate or rates in multiples of 34 1, 1943.
The Authority has discussed the
subleased to private companies by
letter, has accumulated $418,000 of 1%. Each bid may name one may name two rates of interest,
emergency, program. \yith
bond¬ in its operating reserve funds as rate for
the government.
The properties
parf".of the bonds (having one, to apply to the earliest mar
holders, including insurance com¬ of Jan. 1, 1943. In
have a total assessed valuation of
addition, it has the earliest maturities), and an¬ turities and the other to the bal¬
panies and the New York State a balance in its additional
other rate for the balance, but no ance of the bonds. Not more than
oper¬
$1,715,000.
If successful, the city
Comptroller, owning over $40,,- ating fund for the Bronx-White- bid may name more than two two rates may be specified. Prin¬
will take similar action against
000,000 principal amount of the, stone Bridge
other war plants built with fed¬
amounting to $797,- rates, and each bidder must spec¬ cipal and interest (J-D) payable
bonds, and with Dillon, Read &, 000, which cannot be used for its ify in his bid the amount of bonds in New York City.
The bonds
eral money and leased to corpora¬
Co., manager of the original un¬ original purpose because of war¬ of each rate. The bonds will be may be registered as to principal
tions.
Similar situations exist in
derwriting group,
according to time restrictions on critical ma¬ awarded to the bidder offering to only and are unlimited tax obliga¬
cities all over the country, offi¬
General
Loes/r's
letter.
These
A certified check for $1,terials.
Such funds, aggregating purchase the bonds at the lowest tions.
cials point out. holders informally indicated that
$1,215,000,
can
be
temporarily interest cost to the Township, such 060, payable unconditionally to
the program would receive their
Sloan, N. Y.
spared for debt service, although cost to be determined by deduct¬ the State Treasurer, must accom¬
assent at the appropriate time.
the entire amount will eventually ing the total amount of the prem¬ pany the bid.
Legal opinion of
Bond
Offering — Florence
L.
The amendments contemplate a be needed for
bid
from
the
Thorndike,
Palmer
&
aggregate Storey,
operating expenses. ium
Kistowski, Village Clerk, will re¬
ceive
sealed bids until 2
p.m. program for the war emergency, However, unless the Bond Resolu¬ amount of interest upon all of the Dodge of Boston will be furnished
under which the Authority would tion is amended as
bonds until their respective ma¬ the successful bidder.
proposed, none
(EWT) on June 23 for the pur¬
be empowered to advance oper¬ of this
No bid of less than par
money can be used for the turities.
chase of $16,860 not to exceed 6%
OHIO
ating funds and operating reserve debt service.
and accrued interest, or for less
interest coupon or registered re¬
funds for debt service,, to with¬
Names of holders of slightly less than all of the bonds, will be
funding
bonds. Dated June
1,
Akron, Ohio
••«• ;Y
hold from the debt service Trustee than 50
per cent of the revenue entertained.
Principal and inter¬
1943. Interest J-D.
Bond Offering—Sealed bids will
an
additional $500,000
annually bonds are known. The Authority est payable in legal tender in New
Denomination
be received until noon (EWT), on
$1,000, one for out of revenues
which, with short- is accordingly taking all possible York City. Not registerable; gen¬
June 21, by J. C. Mong, Director
$860. Due June 1, as follows: $5,- term loans secured thereby, may'
eral obligations; delivery on or
steps
to
bring
the y situation
860 in 1947, $5,000 in 1948, and $6,- be
of Finance, for the purchase of a
used
for
debt
service
and
promptly to the attention of other about June 25, at place of pur¬
000 in 1949. Rate of interest to be restoration of the advances from
$570,000 issue of 3% refunding
holders, in order that default of chaser's choice. The bonds are pay¬
in multiples of 34 or one-tenth of
bonds.
Denomination
$1 000.
operating funds, and also to defer interest on Aug. 1 may be pre
able from an unlimited tax to be
Dated July 1, 1943.
1% and must be the same for all minimum sinking fund payments
Due $57,000
vented
levied upon all the taxable prop¬
through consent, as re
of the bonds.
Principal and in¬ during the emergency to the ex-:
from Oct. 1, 1944 to 1953 incl. In¬
quired, by holders of at least two
erty in the Township.
The ap¬
terest payable A-O. Bidders may
terest payable at the Marine Trust tent
deemed
necessary
by the thirds of the bonds;
proving opinion of Masslich &
bid for a different rate of interest
Co., of Buffalo, with New York Authority.
Mitchell, of New York, will be
in a multiple of 34 of 1%. Prin¬
NORTH CAROLINA
exchange. The bonds will be valid
Any surpluses over the require¬
furnished the purchaser.
Bids to
and legally binding general obli¬ ments for the plan are to be ac¬
cipal and interest payable in law¬
on
forms
furnished
Bladen County (P. O. Elizabeth- be
by the
ful money at the office of the
gations of the Village, all the tax¬ cumulated up to but not exceed¬
above Secretary. In the event that
town), N. C.
able real property within which ing
Director of Finance.
Issued for
$5,000,000 instead of being
orior to the delivery of the bonds
Bond Redemption—It is stated
•will be subject to the levy of ad used for the mandatory sinking
the purpose of refunding general
the income received by private
'Valorem taxes to pay said bonds fund payments, but when the ac¬ by D. N. Calhoun, Clerk of the
holders from bonds of the same obligation bonds of the City here¬
•and
interest
thereon,
without cumulations exceed $5,000,000, the Board of County Commissioners,
tofore issued for sundry purposes,
type and character shall be tax¬
inside the limitations of Section
.limitation as to rate or amount. Is¬ excess must be applied to sinking that the county has exercised its
able by the terms of any Fed¬
sued pursuant to the Village Law, fund payments.
2, Article XII of the Constitution
When the Au¬ option to redeem and will redeem eral income tax
law, the success¬
and Section 86a of the Charter of
:and the General Municipal Law, thority is satisfied that it is safe at par and accrued interest on
ful bidder may, at his election, be
the
to do so, it can use the accumula¬ July 1, 1943, at the Chase National
.as amended, and pursuant to the
City, which mature during
relieved of his obligations under
Bank of the City of New
1943. The bonds will be awarded
York,
approval of the State Comptroller, tions for the sinking fund even
the contract to purchase the bonds
all of the outstanding Road Re¬
on the highest bid based upon the
for the purpose of refunding a like though they are less than $5,000,and in such case the deposit ac¬
lowest rate of interest and the
principal amount of valid and 000. The whole program is limited funding bonds, dated July 1, 1935,
companying his bid will be rebonds "will be sold for not less
•outstanding bonds of the Village. to a war emergency period end¬ payable July 1, 1950, of the fol¬
lurned.
Enclose a certified check
than par and accrued interest to
In the event that prior to the de¬ ing Dec. 14, 1953, but this period lowing Townships: Abbotts, Beth¬
for $320. payable unconditionally
date of delivery.
The bonds will
livery of the bonds the income re¬ can be terminated earlier by the el, Brown Marsh, Carver's Creek,
city can tax government-built war
plants operated by private com¬
panies. The city is moving to place
on
its tax rolls two new plants
•
>
available to avoid
the impending
interest default and cover interest
...
.
ceived
by
private
holders from
and char¬
Authority at its option
holders
bonds of the same type
acter shall be
"If
by the
the
or
cent
per
of
the
proved
terest
Central, Cypress Creek, Elizabethtown,
Frenchs
Creek,
Hollow
Lake
amendments
promptly,"
are
General
ser's letter asserts, "default
tion, be relieved of his obligations
.under the contract to purchase the
bonds and in such case the deposit
51
bonds.
taxable by the terms
Federal income tax law, the
.successful bider may, at his ejec¬
of any
accompaning his bid will be re¬
turned. The approving opinion of
of
ap¬
Loeon
payable in 1943 will not
cur."
It
also
Authority's
states
estimates
that
of
'
volume
in
future
years
if
v
in¬
oc¬
the
traffic
are
re
¬
Creek,
Creek
and
The
hereby
them
called
for
above.
Turnbull,
White
holders
of
Whites
Oak.
said
upon
redemption
to
the
State
Treasurer.
be furnished by
Bond
Offering.—W.
E.
Bids
Easter-
to
as
are
surrender
provided
Air bonds must be
accom¬
ment
Commission,
will
receive
11
a.m.
(EWT)
on
June
be
approving opinion to be paid for
purchaser. Enclose a cer¬
sealed bids at his office in Raleigh
until
to
purchaser at Akron.
made subject to the
approval of the bidder's attorney
as to legality of the issue and the
ling, Secretary of Local Govern¬
bonds
the City and der
livered to the
Surry County (P.O. Dohson), N. C.
bv the
8
tified check for 2% of the amount
panied by all coupons for interest for the purchase of $80,000 not to '• bid for, payable
accruing after July 1, 1943. Cou¬ exceed 6% interest coupon, reg¬ of Finance.
.
to
the Director
THE COMMERCIAL & FINANCIAL CHRONICLE
2102
Columbus, Ohio
lina
Issuance
Bond
way
Propose d—
Mayor Floyd F. Green states that
the
City Council has been re¬
quested to approve a $70,000 issue
of building repair bonds.
Sale—The
funding
$152,000
offered
bonds
its high¬
"We should
reduce expenses and
begin to reduce
said.
debt," he
continue
under
to
condition allow the
no
Debt limit of the
2—
Caro¬
finances
in
1948
from
and
1950
100.172 for l%s was
high bid of
made
bus
Second
incl.
1957
to
and $15,000
1949
000
the * department's
"very conservative"
the
12 months ahead,
National
the
Bank, of
jointly,
Portsmouth,
semiann.
real estate
bonds
offered for sale on May 29—v. 157,
p. 1797—were awarded to the Cit¬
izens National Bank of Ripley, as
2s, at a price of 100.32, a basis of
about
1.96%.
Dated
March
1,
1943.
Due $500 cn Sept. 1 from
$7,500
purchase
•
1958 incl.
OREGON
Reedsport, Ore,
Bonds
Not
bids
Sold—No
were
the
submitted for
$35,932 3% se¬
ries
B
refunding, improvement
bonds offered May 3—v. 157, p.
.1515.
•
V'
V-
Vale, Ore.
National
of
Bank
Continental
Lake
Salt
PENNSYLVANIA
|
;
Bond Ordinances Pending—The
considering ordinances
pro¬
viding for the issuance of not ex¬
$1,000,000 4V2%
bonds,
of which $300,000 will be used to
fund
existing unfunded indebt¬
ceeding
edness and $700,000 for a
general
improvement pro¬
gram.
Sale—The
Bond
im¬
$75,000
provement bonds offered June 1—
157,
E.
1797—were awarded to
p.
H.
Rollins
&
Sons
of
Phila¬
l%s, at a price of
101.514, a basis of about 1.62%.
Dated
June
15,
1943 and due
$3,000 on June 15 from 1944 to
delphia,
1968
as
incl.
100.78
Second
for
l%s
high
bid
made
was
Webster
Dougherty
Philadelphia. *
positive I voice the senti¬
of Chief Highway
sioner
J.
Co.
&
of
by A.
of
assistants
and
and
his
majority of the
members of the present highway
commission when I say it is now
time for South Carolina to begin
to reduce its highway debt.
"While I do not have authority
to speak for the entire highway
commission, I am sure a large
majority of the commission is
thoroughly sold on the idea that
a
.
should
we
not
tempt any
this
at
time
.
.
at¬
construction, ex¬
cept for defense, that we should
new
reduce
to
to exceed the
the
revenue
Sold—Phillips, Schmertz
George G. Applegate,
of Philadelphia, jointly, pur¬
March
on
1
an
issue
of
$20,000 street improvement bonds
as
l%s, at a price of 100.825. Other
bids:
(for l%s) Glover & MacGregor, and S. K. Cunningham &
Co., 100.18; (for 2s) E. H. Rollins
&
Sons, .100.706; Singer, Deane &
Scribner, 100.626; First National
Bank
necessity for properly main¬
taining the State highway system.
This,
of
would
course,
in¬
not
debt."
the
crease
of
Erwin,
RHODE
Note
New
holders
their
Bank
ISLAND
June
3
been
from
reduced
4,510
em¬
default
Martin,
Bond
months
four
named
a
rate
high
bidder,
of 0.45%.
35%
Carolina
(State
and
payment
Third
from
of
1941
on
National
terest
on
"The
State
from
income
forth
so
well.
the
Bond
"It is
now
time for South Caro¬
levied
property
lo¬
County (P. O. El Paso),
Texas
Bond
curities Corp. of San Antonio pur¬
chased as l%s the $82,000 refund¬
ing bonds offered May 25—v. 157,.
1900. Sales consisted of $55,000
p.
county
road
bonds
and
$27,000
Paso-Hudspeth Counties Road
El
District bonds.
The bonds mature
serially in 6 to 10
optional in three
of
and
years
are
from date
years
has
held
up
remarkably
May
15,
slightly
there
these
than
more
has
receipts
off
While
are
2%.
been
20,172 fewer ve¬
registered there has been
actual increase in truck
regis¬
Interest
Mercer
County
(P.
O.
Sold—It
4%
3%
semi-ann.
stated
is
been
June
2—v.
been
1, 1943.
County (P. O. Marshall),
that
funding
locally at
sold
reported that
although
Barcus, Kindred & Co., of Austin
had contracted to purchase
$27,000
l\4% State Aid road refunding
bonds, the State gasoline tax col¬
lections
have improved to such a
point that the county will not be
required to issue any bonds for
1943 State
County
Aid
maturities.
(P.
1943.
Due
on
'
O.
K.
ture
in
bonds
offered
157,
p.
1900—were
Halsey, Stuart & Co..
is
now
$20,000 3%% road
bonds sold at par to
&
Co.
of
Austin,
Sept. 10, 1941, and ma¬
April 10; $3,000 in 1945
1946, $4,000 in 1947, and $5,000
on
and
interest
1949.
(A-O)
Principal
and
payable
at
the
National Bank, Austin.
American
,
San Antonio, Texas
%
$15,000
E.
Ripley & Co.,
Cumberland
'All
for
certificates
Mueller
of
of
indebted¬
of
Hazen,
according
Amherst
Bond
tion
3%
bonds
will
voters
on
to
semi-ann.
be
funding
submitted
June
15.
to
the
Dated
July 1,
July 1; $500 in 1944
1949, and $1,000 in 1950 to 1963.
Due
on
Yankton, S. Dak.
Bond
Election—City
Anna M. Goetz states that
tion
will
order
to
100.16
100.109
Details—In
sale
maturing
to
Dated
be
held
have
the
on
an
June
voters
elec¬
15
in
pass
on
the issuance of $55,000 not to ex¬
of
connec¬
the
Shelby County (P. O. Center),
in
Denom¬
3V2%
Co. of San
$1,000 and $500. Legality
by John D. McCall of
Dated
April
of
prescribed
procedure
the
to
Texas
Sold—County
the
the
states
Federal
Report
contained
the
Raylor
July
County Road District No. 1
(P. O. Dallas), Texas
recently
of
court
proper
followed
in
the
in
debt
on
an
readjustment
the subject is
item
carried
in
Florida section
referring to
Everglades Drainage District.
Catalpa School District,
County, Va.
Co.
of
purchased an issue
of $89,000 1%% refunding bonds,
at a price of par.
Dated April 10,
1943.
Interest A-O. Due April
follows: $17,000 in 1949, and
Culpeper
.
Call—The
1:
City
the
by
resolution.
Payment
Due $75,000 Jan. and
1944
1963.
to
Payment
Plan No. 2: Said bonds to
become
due
and/payable as specified in
Plan
No.
1, provided, however,
that ,the City may, at its option,
call all of any of the outstanding
bonds for redemption on Jan. 1,
1954, or any interest paying date
thereafter, upon 60 days' advance
Bids
will
be received for
said bonds to be issued under each
above
designated payment
bidders may submit bids
plans;
under either
or
bids
each
under
separate.
Rate
both of said plans;
of
be
must
■
t
rates
or
plan
•
-
interest
to
be
in multiples of 14 or one-tenth of
Bids
1%.
bonds
may
for
the
issue
entire
of
bearing one rate of interest
be submitted; bids for the
bonds
bearing
different rates
of
submitted.
The purchaser must pay accrued
also
may
be
interest to the date of
the bonds.
tire issue.
the
and accrued
Bids must be for the
interest.
to
delivery of
No bid will be consid¬
ered for less than par
en¬
The bonds will be sold
highest
and
bidder.
best
The approving opinion of Thom¬
Wood
son,
&
Hoffman, Esqs.,
of
New York will be furnished. The
bonds
for
will
be furnished and paid
the City and
by
will be de¬
livered to the purchaser on or be¬
fore
August
made
be
1, and delivery will
Tacoma.
in
check
certified
able to the
West
for
Enclose
$40,000,
a
pay¬
City.
VIRGINIA
of)
(State
Virginia
Bond Offering—Sealed bids
be
received
until
1
will
(EWT),
June 8, by Governor Matthew
Neely, for the purchase of $1,~
on
4%
inations,
p.m.
Interest
road bonds.
Dated April 1, 1943.
bonds in $1,000 denom¬
convertible
into
fully
registered bonds of $1,000 and $5,000 denominations.
Due $40,000
from
April
1
1944
14
of 1%.
bear
may
will
bid.
one
to
be
The
bidder
bonds
rate
incl.
multiple
a
A part of the issue
one
different rate.
rates
1968
to
Rate of interest to be in
of
and
rate
Not
more
a
considered
bonds
offering
part
a
than two
in
any
will be sold
take
to
the
bearing the lowest interest
and
offered
VIRGINIA
Bond
have
approved
by
1,
rate.
114 s, at par.
Sale—Crummer &
Council
payable A-O.
filing of bankruptcy
petitions by municipalities under
laws.
Auditor
and
bids,
Coupon
Court
be
the
the
M.
Supreme
and
with
following two
by the Sinking Fund Board
time
of considering the
upon
000,000
UNITED STATES
that $95,000
as
Antonio.
become due
plans of payment shall be decided
general
matter of the
8
of
that
15, 1942.
by R. N. Eddleman & Co. of Hous¬
10,
semi-ann.
refunding bonds have been pur¬
chased by the Ranson-Davidson
States
amount
accordance
WEST
United States
1964,* as 4s.
March 10, 1942.
the
the fiscal
of the State in New York.
bonds shall
'Texas
Bonds Sold—It is reported
$95,000
approved by the voters
May 25 have been purchased
Dallas
the
Supreme Court Prescribes Bank¬
ruptcy
Procedure—The
United
10,
road bonds
Dallas
of
revenues
March
(P. O. Angleton),
as
pay¬
3V4S, and $18,-
$1,500
Dallas.
ton,
net
V
Brazoria County Road Dist. No.
on
from
.
approved
A.
Interest
Principal and interest
health center. Legality
approved
by John D. McCall of Dallas.
Independent School Dis¬
Sale
and accrued interest.
A-O.
able
bonds.
with the
Bond
Auditor
par
and
Corp.—
$26,500
refunding, Series 1942 bonds to
William N.
Edwards & Co.,
of
Fort Worth, as noted
here last
July, it is now reported that the
bonds were sold at par as follows:
$8,500 maturing March 10, $500 in
1945, $1,000 in 1946 to 1950, $1,500
F.
Bond Election—The issuance of
1943.
1 Vt %
Inc.
TEXAS
inations
issue
recently awarded to H,
was
$17,000
Securities
in
12176, for the same purposes of this
Payable at the office of
interest
;
the
the
issue.
of the
Details—It
Dunbar
1948
created
for
bonds in an amount of $4,000,000
designated as "Series B," issued
pursuant to
Ordinance No. 12140
as
amended
by Ordinance No.
dated
are
1941
12037,
paying
bonds
notice.
Hillsboro),
that
refunding
and
(State of)
Sale
reported
R.
No.
$4,000,000 designated as "Series
A," issued pursuant to said Or¬
dinance No. 12037, and an issue of
Plan No.
now
Bond
Bond Sale—The $100,000 county
Stanton),
Sale—An
of
issue
payable
Texas
"Hill
is
principal
interest of this issue, and an
Sold—It is reported that
Bonds
Texas
semi-ann.
have
reimbursement
000
N. Dak.
Certificate
of
purpose
agency
its
of
Fund
Power
Ordnance
The
on
date.
in 1951 and 1952, as
DAKOTA
and
Estelline, Texas
is
rate
the City Treasurer or at
issue.
$32,295
Interest
4%, payable J-J.
Denom. $1,000. Dated July 1, 1943.
These bonds will be an obligation
only
against
the
special
fund
known as City of Tacoma Light
and
Sale—The Columbian Se¬
bonds.
exceed
to
by
El Paso
date called.
Tennessee
motor
For this fiscal year, through
Highway Department,
indicated by Chairman R.
L. Osborne of the State Highway
Commission in a statement May
20 in Orangeburg.
Nashville.
any in¬
Bank,
trict (P. O. Amherst), Texas
vehicle division from licenses and
of)
was
514%.
to
callable
are
payment
Bonds
1944—Retirement of
10% of its $61,000,000 bonded in¬
debtedness by May 1, 1944, will
be attempted by the South Caro¬
314%
Rutherford, Tenn.
were
Plankinton, S. D.
May Attempt 10% Debt Reduc¬
taxable
cated therein.
It
1935, are called for
July 1, 1943 at the
1,
Said bonds
to report.
tion by May,
all
an un¬
tax
Bond Issuance Not Scheduled—
T enn.
Call—City Recorder M. D.
announces
that all out¬
5%
less.
SOUTH CAROLINA
South
have
standing refunding bonds, Series
bearing interest from 3%
the
$4,000,000, as they were a year
ago, but for the same 1943 period
they were down to $2,600,000, or
ness
second
against
valorem
thereof.
A and B.
1953
The First National Bank
Boston,
shall
Co., jointly
for
revenues
the
months.
ad
not
Harrison
unless
work.
were
awarded to
Washington Trust Co. of Wes¬
terly, at 0.4% discount. Due in 5
payable from
are
limited
ployees in April, 1941, to 1,686 in. awarded to
Bond Sale—The W. K. Ewing
April of this year, and the pay¬
Inc., New York, as 114s, at a price Co. of San Antonio has purchased
roll for the last half of April was
of 100.766, a basis of about 1.13%., an issue of
$40,000 3% health cen¬
48% less than that of the same Dated
June 1, 1943 and due Dec.1 ter revenue
building bonds. Dated
period in 1941.
1, 1951.
Among the other bids April 15, 1943.
Denom. $1,000.
"The
personnel has been re¬ were the following:
Due April 15, as follows: $1,000
duced in an orderly manner and
Bidder
'Rate Bid
from
1944
to
1948 incl.; $3,000,
100.46
those leaving the department have Commerce-Union Bank, Nashville
1.949 to 1953 incl. and
$4,000 from
First National Bank of Chicago.100.419
largely entered the armed forces
1954 to 1958 incl.
Equitable Securities Corp
l__
100.27
Optional after
or
have gone into essential war Harris Trust &
Savings Bank, and
five years from date of issue, at
J. E. Bradford &
SOUTH
notes
obligation of the entire Dis¬
trict and
C
Series
called,
been made in the payment
equipment
of employees has
Dis¬
lower rate of in¬
terest, constitute a direct and gen¬
a
at
Dated Jan. 1,
number
Road
March
1, 1954.
"The
1, at
of
Dated
Jan.
shortages of mate¬
and labor, Mr.
trict No.
outstand¬
voted
indebetedness
Aug. 1, 1943, and subsequent cou¬
pons.;; Interest
ceases
on
date
par.
to
bonds, issued to refund
amount of
whichever
tailed
;due
These
like
refunding
purchased by
Rauscher, Pierce & Co. of Dallas.
the construction program was cur¬
rial,
las.
payment.
have attached thereto
(PWT),
p.m.
City
purchase of
$3,000,000 coupon or registered
Light and Power Revenue of 1941,
have
ing
trations."
$100,000
for
2
June 29, by L. W. Craig,
bonds
should
and
bonds
and
Depart¬
until
received
be
Comptroller, for the
National
paid at par and
accrued interest to Aug. 1, 1943,
Harbor,
rationing
Trust
American
Nashville
$30,000
gasoline
however,
Said bonds will be
when gasoline revenues were fall¬
from
the
to
the
of
City;
Trust
requested to forward
are
of
&
Bank
York
bonds
ment
ceases
Pearl
since
partment
hicles
par.
Sale—The
offered
it
Co.,
$125, Nos.
$1,625.
payable at the
are
Hanover
been done to "streamline" the de¬
Westerly, R. I.
lina
bonds
Citing figures to show what has
an
Of
Said
Central
Briggs
and
174,
Highway Refunding, dated April
1936, due Feb. 1, 1949, in de¬
dated Jan,
first
and
chased
to
Wash.
Tacoma,
Bond Offering—Sealed bids will
the
at
on
151
to
of the reduced
J.
payable
WASHINGTON
office.; Legality
approved by W. P. Dumas, of Dal¬
ag¬
165,
167, and 169
gregating $11,000.
ex¬
revenues.
by
interest
State Treasurer's
eral
stated
to
Harriman
Bonds
Co.
is
nomination of $500 each, Nos.
and
expenses
condition allow the
no
"Gasoline tax
Trafford, Pa.
both
Call—It
Highway Refunding, dated June
1, 1936, due Feb. 1, 1949, in de¬
Commis¬
Williamson
S.
Taze¬
Kyle Kivett, County Judge, that
the following 5% bonds are called
for payment on Aug. 1:
be
must
*
am
ment
.
&
interest
O.
(P.
well), Tenn.
Bond
Osborne said:
Ridley Township School District
(P. O. Woodlyn), Pa.
v.
taxes
sure as
County
1,
Council Finance Committee is said
works
as
Claiborne
and
ing
nominations of $250 &nd
518 to 524, aggregating
"I
the
supersedes
.
TENNESSEE
obligations from time to time be¬
Vi
Pittsburgh, Pa.
public
notice
report given in our issue
of May 31—v. 157, p. 1997.)
duced.
cause
to be
pal
election
"After April, 1944, it will most
probably be necessary for the de¬
partment to refinance some of its
City
price of 100.24, it is stated.
a
The
death.
penses
purchased recently $45,500 semiann, refunding bonds as 2%s, pay¬
ing
now
expendi¬
department is the debt
ture of the
under
Sale—The
Bond
between
May 1, 1944.
"The only real fixed
continue
,V
(This
ma¬
years.
paid, th^ principal should be re¬
Sale—The
v
due
debt
and
and
1944 to
Highway
service and that is
j{;
Ohio
Ripley,
Bond
State
the
on
which becomes
by the Ohio Co. of Colum¬
and
turity after 3
$18,000 in 1950 to 1953, optional on
April 10, 1946 or on any interest
payment date thereafter.
Princi¬
a
157, p. 1900—were awarded to
Halsey, Stuart & Co., Inc., as l%s, Mr. Osborne said, it "can meet its
at a price of 101.183, a basis of ordinary
expenses,
including
about 1.62%. Dated April 1, 1943 $2,000,000 interest, reasonably
and due Oct. 1, as follows: $16,- maintain the roads and pay $6,000,000
date and to be callable before
a
on
for
basis
v.
ceed 3% airport bonds. Due seri¬
ally in not to exceed 20 years from
Estimating
re¬
June
ex¬
exceed the revenues,"
department was
to
penses
fixed at $62,300,000 by South
lina's 1939 Legislature.
Portsmouth, Ohio
Bond
to
Monday, June 7, 1943
to
for
pay
the highest price
bonds
bearing
such
Principal and interest
pay~
able in lawful money at
the State
Tresurer's
County School
tional
office, or at the Na-.
City
Bank,
New
York.
Board is calling for
payment on
July 1 all outstanding bonds dated
July 1, 1928. Said bonds will be
thority of amendment to the Con¬
redeemed
State Road Bond Amendment and
on
presentation
surrender at the Central
Bank & Trust
and
Hanover
Co., New York City.
These bonds
stitution
are
issued under
known
as
au¬
$50,000,000
under
authority of
an
State
Legislature,
1941
Act of the
Regular
iVolume 157
THE COMMERCIAL
Number 4183
Session known
becomes
Enrolled Senate
as
due
and
The
payable.
Bill No. 20, passed Feb. 24, 1941.
par
the
• secure
payment, of
bond, principal
"when
other
and
and
.
chasers
and interest,
sum
funds
this
accrued
will
to
to
taxable by
tax
shall
be
hereafter
livery.
be relieved of his
purpose, it is agreed that,
within the limits prescribed by
New York
der
the
cates will be furnished
sufficient 'are
not
for
available
Delivery will be made in
City. To expedite de¬
livery if desired interim certifi¬
that
Constitution,
Public
Works
of
annually
cause
collected
an
all
the
the
to
in
State
State
bonds
and
the
principal
un¬
prior to the de¬
proving legal opinion of Caldwell,
purchasers.
by private holders; from
same
type and char¬
acter shall be declared to be tax¬
able
under
tax
come
sum
thereof within the time this bond
Federal
present
laws, either by
New
the bonds is required....
Gf the Bureau of Internal Revenue
:
j
;v.
.ft :.v;1
■.
•
'
;
..
1
,
,
.
:■
Sold
.,
Page
Alleghany Corp., collat. trust
bonds, due 1944.July
American Bemberg Corp., 7% preferred stock
July
American, British & Continental Corp.— :
5-V debentures, due 1953_:
_____Aug.
American Central Mfg. So., 4% cumul. conv. pfd. stock-July
conv.
3
1
5%
1
1
American
51/2 %
•
International
American
1522
Utilities Service Co.—
Collateral trust 6%
38
*
1
2008
1
1737
bonds, due 1943——-Sep
Axton-Fisher Tobacco Co., elass A stock
Baldwin Locomotive Works¬
op
ref.
—July
Agricultural Chemical
American
Alliance
1
1
"
1
1
1553
*
1
1
.American
>25-year 5%
debenture bonds, due 1952—
Commercial Investment Trust Corp.— <;
$4.25 series of 1935 convertible preference
6%
1
■
Hair & Felt
stock
30
.6%
1647
1
Jun
1741
i
■
/.
<
•
-
-
•'/
i
j".
1
-
1959—July
,
Aug
1
July, 1,
July
July
Aug
1
25c
7-15
—50c
7-1
——
7-6
6-16
•'
Co.,
:
6-15
6- 5
7-
1
$1.50
common
'
7-
1
1
Corp
6-21
:
6-28
1
Sl'/a
." 7-
1
1
6-15
7-1
6-30
20c
6-2.5
6-19
5-31
6-30
6-19
7-1
6-11
7-15
7-1
7- 1
7- 1
7- 1
7-15
7-1
6-30
6-15
6-15
6-11
6-11 ;
7-1
7-
1
$1
6-25
6-15
6%- preferred (quar,)
75c
Bishop Oil Co, (quar.)
.
2'/2c
iBloch Bros.'Tobacco, 6% pfd...(quar.)I.$iy2
Bond Stores, Inc.
(quar,)
40c
7-1
6-15
preferred
preferred (quar.)
iquar.i
(quar.)
Co.
Trust
(N. Y.)
7-
6-15
7-15
preferred. (quar.)
preferred
(W.
.1%
Bell
$1%
:
common
(quar.)
25c
Sl'A
^
180c
J25c
class,A (accum.i___
A (interim)—
Brothers, class
preferred (s-a)___—
Aircraft Corp.
(irregular)—.
Bessemer "Limestone
&
Bower
~
Brandtjen
2046
1747
■« *
British
'. 6%
Electric
1
.
series A^ due. 1969--i4---—
America,-"B" preferred stock
Richmond: Light .& RR. Co., ;lst & collat. purchase-money .
.
•s mtge.
4% 50-yr. bonds, due 1952——
--July
Scovill Mfg. Co., 3 'A"k debentures due-.1950—July
Shawinigan Water & Power Co., 1st mtge. & collat. trust
i - sinking fund 4% bonds, series F, due 1961————Oct
Sioux City Service Co.; 1st mtge. 6% bonds, due 1951—July
Socony-Vacuum Oil Co., Inc.. 2%% debs, due 1955
July
Southeastern Greyhound Lines, Inc.—
6% convertible preferred stock—
—July
6% non-convertible preferred stock—-—-——July
Southeastern Greyhound Lines, $20 preferred stock—__July
Standard Bleachery & Printing Co.—
15-year
bonds, series A, due 1946;
-July
Tennessee Coal, Iron & RR. Co., gen. mtge. 5s, due 1951_July
Thompson Products, Inc., conv. prior preference stock—Jun
United Grain Growers Ltd.—
5% 1st mtge. gold bonds, series A, due 1948—.
July
.4u,% 1st mtge. bonds, series C. due 1949
July
•'
•
debentures extended at
—
"
.
Jun 16
Juiy 1
5% to 1947_l_Nov
-July
•
.
1
1653
1^.;; 2052
s.
Cycle & Motor,
Extra
'
1565
*,
2052
„„„„
1
1
1
2052
2052
1853
Oil
Canadian" Wirebound
(Accumulated)
Capital
Cariboo
Case
>7%
1
1
2
2
1
1
(J.
Transit
Gold
I.)
903
-903
2056
2056
2nd
prior
common
preferred
6-28
7-
1
$53c
t
6- I;
6-10
6-10
6-14
•
6-4
6%
$iy2
Ecuadorian
7-15
jSlMt
7-1
6-4
7-1
6-19
(s-a)
$62'/2c
10c
I
Emsco
Fear
7-1:.
6r21
50c
7-1
A
class
(quar.)
7-
1
6-22
25c
6-10
6- 2
6- 2
6-15
________
50c
Equipment (irregular)-.
(irregular)-;
6-29
75c.
;
6-25
(B.
Brewing, 6%. pfd.
C.)
Brewing
1
,
annual)-
I
(s-a)
Co.; common
preferred :)quar.)__________—______
Food Machinery Corp. iquar.)
I
Foreign Light & Power 6% 1st pfd. (quar.)
Ford Motor Co., Ltd. (interim)—
Foster & Kleiser Co., 6% class A pfd. (quar.)
Foundation Co. of Canada, Ltd. (quar.)
____
Brewing
(Peter)
(quar,)_r—
Extra
Frankfort
/
Natural
Gas
(Ky.)
.
■
iquar.)___—
Fyanklin County Distillipg .Cq.„ Jjn.c.—
.60c
convertible preferred (quar.)_
Fulton
Bag & Cotton Mills
Gannett
15c
(irregular)——
pfd. !.quar.)—__
Co., "class; B conv.
General American Investors,
$6 pfd.
Electric
(quar.)
American Transportation-—
General
6-15
—J$l34
6-30
.6-15
1
6-18
General
Co.
iquar.)
(quar.).__
General Telephone Corp.,
$2J/2
(quar.)—
Tim.e Instruments,
Gii'dler
Corp.
(quar.)—
Tubes Co.--
.
—
common
pfd.
•'
1
Mills, 5%
General Refractories Co.---.
General
3c
60c
.
7- 1
:,7" 2.
(quar.)—
75c
SIVa
$iy2
$1
35c
$l'/4
30c
40c
62!/2c
$6 pfd. (quar.)
$l1/2
___________
25c
—■
% \
25c
—
%
6-30
5-31
7-1
7- 1
7-1
7-26
7-1.
6-29
6-25
7- 1
7- 1
6-15
6-12
$37y2c
7-
1
6-11.
Globe
7-
1
6-14
J2c
-" 7-
1
6-2
$3
7-
1
6-12
$1%
7-
$13A
5c
$iy2
62V2c
20c
17'/2c
7- 1
6-30
7-1
7- 1
7-15
6-25
25c
7-15
(irreg.)___.—
50c
$iy2
$15c
$2.25
6-15
7- 1
7-1
7- 1
.
6-12
6-30
6-14
7- 1
6-14
$1%
iquar.)_____;
1
50c
•.
cornmon_____
7-
1
6-14
preferred (quar.)——
(quar,)
Gold & Stock Telegraph
(quar.).__
Goldblatt Bros., Inc., $2»/2 conv, pfd. (quar.)
Golden State Co., Ltd. (quar.)__
Granite
City Steel
(irregular)——
Great American Insurance
(N. Y.)
(quar.)
$1%
7-
1
6-14
Green
Western Ry.,
7- 1
Co.
Brewing
(Daniel)
Co.,
preferred
6-17
Greening
Greenwich
(B.)
7- 1
6-15
6-21
6- 5
Guaranty
7- 1
6-20
Gulf
pfd.i_r—
6-30
6-16
Halifax Insurance
$iy$
.
Trust
Corp.
Co. ;(N. Y.)
(quar.)
—
(accum.)
(quar.)
—
___!—
(Nova Scotia)
6-15
5-27,
6-15
6-18
6-11
6-25
6--10*
6- 8
6-15
6-15,
6-18
6- 5
6- 2
6-21
6- 9
6-30
6-10
6-30
6-15
6-18
6- 1
(s-a)
—
$3
7-1
6-13
6-1
6-11
6-9
25c
Wire iquar;)___
System 6% pfd.
Water
5c
Oil
common
(quar.)__;___.—
$lVi
50c
(quar.)___;
5%
7%
Goeble
6%
$1
______
pfd.
.
$1V^
(irregular)
(quar.)
5%
Steel
Globe-Wernicke,
..
25C
$4'/a
Fox
6-15
6-15
6-15
>'7- 2 .•6-15
50c
7- 1 #.;■ 6-21
25c
6-15
6-10
$ll/a '
6-15
6-10;
35c
6-30
6-15
$iy2
7- 1
6-20
6%>
6-28
6- 7,
37V2c
7- 1
6-15
$35c
7-23
6-30
25c
6-30 ; 6-15
50c
6-30
6-15
$1
6-15
6- 1
is-a)
Fidelity &, Guaranty Fire Corp. (Bait.)
./■ ■■.i-
6-15
6-15
6- 1
5-20
6-19
6-30
15c
—_—
1
6-15
-6-1' 7- 1
(quar.)
•
50c
Federal Compress 1 & Warehouse Co.
(quar.)
,50c
Fedeial Insurance (Jersey City)
(quar.)—35p
Gas_
6-17
6-10
7- 1
25c
(quar.)
&
1
6-30
& Co.
(Frank)
6-15
6-15
6-15
6-10
6-12
3c
$1%
ordinary
Utilities
Co.,
Water
-
7-
(quar,):
(Fred)
6-30
25c
(Bahamas),
pfd. 1 quar.)___________
Co.__i^___._^._i.
Derrick &
6-15
(quar.»____
6-28
$l'/2
Faultless Rubber Co.
6-30
A
,
6-28
::
25c
Ltd.
Corp.,
Drug
B
6-30
class
7-15
Egry Register, 5ya%
t25c '
7-
6- 1
Lead' Co., common
preferred iquar.)'
6-22.
-t$2
5-25
12V2c
General
.
1
6-
6-11
1
$$1.75
preference
.1st
£ Flintkote
6-30,
5-25
1
6-15
7-
;
*5%
Fernie
6-21,
6- 9*
6-
•
25c
Eagle-Picher
7-10
(quar.)__
$ 1 >/4
Ltd., .common,, (quar.)$$1.25
■kjiik Extra
6-19
Bank & Trust (N. Y-)-—
Chesapeake-Camp;
Great
6-30
6-30
6-1
6-10
Corp, .6% pfd, (quar. 1 ______75c
Dunlop Tire
Rubber Goods Co., Ltd.—
Class
;
1
6-15
$1.50
(s-a.)
(qqar,)_
Household
rx'3
■
Chapman-Valve Mfg.' (quar.)
Chefford Master Mfg.
(quar.)__
Chicago
6-19
6-15
J50c
(quar.)
preferred
Quarterly
Textile
Emerson
t
6-
6-21
Diavo
6-30
J$1 Vi
(quar.)____
(quar.i
Hanover
50c
$3 partic. pfd.
iquar.
Electric
5-29
.'
preferred
(quar.i_____________
(quar.)
Co.,
Auto-Lite
7-15
7-15
10c
______—_
Corp. of America,
7%
Central
Glass
Dominion
.
6-17
6-21
1
7-,
6-15
25c
20c
5 %
Co.
Electric
6-10
7- 1
,
$lJ/a
.
quar.i__________
50c
prior preferred
7%
1752
*
■
■
5c
preferred
7-1
75c
t30c
Co.
Quartz Mining Co.
preferred
Ceianese
,
(quar.)
_—
Co.,
7%,
7-
.
•
(quar.i_
Harvester
Dominion
/•,!
Fehr
■
(quar.)_
(quay.)
Giorgio Fruit Corp.,
6-10
6-23
6-15
6-15
6-15
6- 4
-'il-'
preferred
Boxes,
Eye
(increased
Electric
i25c
.
Fund
6-15
■
(irregular)___
iquar.)
Long Hook &
6-21
7- 1
6-30
7-1
7- 1
7- ?
|$1.25
preferred
8%
6-1
6-15
6-22
Federal
$50e
r__,
Cos.,
6-29
6-5'
$iy2
(quar.)
,,17%', participating preferred (quar.)
5%
30
L
„
25c
2%'
pfd.
(accum.
.
Records
6-15
Inc.—
Canadian;! Ceianese,common
f
6-15
6-10
2y2 %
Cor^.,. Ltd. (interim)
;.$2.10'participating
6-15
1$3.50
preferred
$$I V2
(quar.)__._J
^Co., Lcla:—» ■'*
Canadian
1
1
1
common
Canada;Steamship Lines,
5% preferred (quar.)
:
6-30
•/Dixie Ice Cream
•
-
f,,.lst' preference
Canada Machinery
-
,<i;X948
1366
5'/r~
6-12
6-12
$25c
25c
Ry.—
prior, preferred ; (s-a)__
British Power Corp.; class-A (-quar.)
Brown ;&.*Sharpe Mfg/ (quar.)—
Buloya:Watch-Co;, (quar>)l_L._^_;«_^_^_u,__;u
Burd Piston Ring
(qualr,,)
Calaveras'rCement. CoV T%". pfd. (accum.)—
Canada
t
6-25
5y2%
preferred
o-xo
6-30
6-15
50c
.
.
31V4C
$4
(quar.)
convertible
6-19
6- 1
6-24
6- 8 1
6-5,
35c
20c
5'?
,
6-15
6-22
Di
'
.
6-29
30c
50c
25c
&
Columbia
6-15
$13A
preferred
10c
(irregular)________
Columbia JElectric Bower & Gas—
preferred. (quar.)..
British
6-29
'62V2c
^ s-a)
Roller
Water.Co.
Beaying I—
Kluge (quar.)———
Bridgeport Gas Light.Co.
1_.
Brillo Mfg., common
:.$2 participating.pfd.. A jquar.)
British American -Oil (quar.i
1746
<
Brook
6-9
6-19
(quar$1%
(quay.)
common
(s-ai
8preferred
Bondholders Management, Inc., olass A
Bound
1
Co.,
preferred
'/ Detroit
Cement—
,
<.
.
;
$$13.4
40c
(quar.i___
& Sons,
D.)
35c
•
7%-pfd. <s-a)
tquar.)-
common
6-19
Tissue
Dempster Mill Mfg.,
37J/2C
$l'/2
$1J/2
(quar,)__
6%
6-18
15c
De
6-18
pfd. A
6-30
Extra
7-1
& Sons,
$lt2
Delaware
75c
6%
(s-aj
Decca
'.
6-30
(B..F.)
preferred
j: Deerfleld .Packing ;(stock dividend)
6-16
Beatty
1745
[
•>
1
$3 preferred
6-18
3rd
7,%■
7-15
15c
$l'/4
6-18
6-30
5-25
$lJ/2
;
4-29 :
,..,,$2
Delta
common.
4-29
5-15
6-30
<quar.i__
David & Frere, Ltd., class A (quar.)
De Havilland Aircraft of Canada, Ltd.—
.
iquar.i
5-15
A
(s-a)
5%
5-25
6-
;
preferred
.77®
6-10
6-1
$1%
-
(quar.>
5c
.
9
pfd.. 1 s-a"$2y2
1st
.
Davega Stores Corp., common
>
6-10
$l3/i
.•
5%
Cuban-American Sugar
6-15
7-
6-
2nd
8%
6-15
10c
5-28
6-15
3-6%
.
j
6-15 / '
15c
class
6-15
25c
J
(quar.)
6-30
4-6%
6-14'!'
60c
/
v
(quarj
common
Glass,
6-15
1
(Boston)
Extra
6-21
7-1
25c
(quar.)
(quar.»____
Hocking
6-15 "
7-
r'^:- 7c
6- 5
.
Trust
Ltd.,
6-15
I2V2C
(monthly)__
Tissue Mills,'7"/ preferred
preferred
Investors,
Craddock-Terry Shoe,
Crystal
1st preferred, (quar.)
$5
.Pennsylvania RR.,$gen. mtge; 4Vis, .series E, due 1984—Jun 30
*
Pere: Marquette Ry.—
«*»
;
„-Y
/'v. 1st mtge. bonds, series A & B, due 1956—
—Jun .,7> , 2050
Phelps Dodge Corp., conv. '3Vt'/o debentures due 1952—Jun 15
1653
Phoenix Securities Corp., $3 conv. pfd. stock, series A—Jun 30
2050
Philadelphia Transportation Co.—
'< t.. <■
t *"-:
3"/f6% consolidated mortgage .bontjs——
Jun 15 , . J088
i
Consol.:mtge.
bonds, series A, due 2039—-Jun 11 v .; 1850
Radio Corp.vof
Corporate
6-16
6-15*
preferred
6-15
7-1
$1
(ReadingU*
5- 3
1
;
Gas
7-1
7-
C.o.,
7-1
$1.12V2
30c
5-24
$lJ/4
Republics
Investment
25c
(quar.)_
Co.
90c
$1
6-15*
<
6-15.
t
$1V2
1
preferred
7-1
Power
(quar.)
Consumers
7-
Beath
bonds, series A,' due 1958—
—July X '; 1652
Investment Trust—"
4 iSeries A, 4y2 % debentures; due: 1947___-_-_—-------July 1 - , 1850
Panhandle Eastern Pipe Line Co.—
.
1st mtge. & 1st lien 3% bonds, series C, due 1962—July
1
*
Paramount Pictures, Inc., 4% debentures due 1956——Jun 23
2049
stock
pfd.
75c
(Baltimore)—
Cornell-Dubilier Electric
50c
Beatrice Creamery. Co,,
Prior, lien
Preferred
$3
&
(quar.i
7-1
25c
6-30
■
Manufacturing
$5Mi
Old Colony
^lS-vr16?^gold
Securities,
Electric. Light
7- 1
$3
(quar.)____
Barber & Ellis Co.* of Canadar
'.<>
.
•
Coke
&
Gas,
Consolidated
Co.-^-
Products
Bastian-BJessing,
1745
of Indiana— ~
Gas
J
6-18
6- -841
Bankers
2045
2046
Co.
7-20
8%.
7-15
Common.
1847
1847
1
1
Secured sinking fund 6^2%
>ist mortgage 4s,
-
,
s/isq/fl/T-lS;;!
(quar.)____
iquar.)
6-23
6%
184T
bonds dated 1925—
—July 1
Montana Coal & Iron Co., s. f. gold bonds due 1947——July 2
Mortbon Corp. of New York—
Collateral tr. mtge. bonds, series D, due 1956July 1
Nanaimo-Puncan Utilities, Ltd.—
Y"
'
1st mtge. 5'/aS, series A, due 1964
—July 2
National Power & Light Co., $6 preferred stock
Jun 16
New York Central RR., 3%% secured bonds due 1946—Jun 30
Marcy unstamped bonds—"
Mercantile properties, Inc.—
Public Service
com.
(quar.)_
$1%.
Baldwin Co.,
*
—Aug
Long-Bell Lumber Co., preferred stock—
Louisville & Nashville RR.-—
3,/2% extended unified mtge. bonds due 1950
1
Unified mtge. 4% bonds, scries B, due 19G0_
i
Alcohols, Ltd.,
preferred class C
pfd. (accum. )____
Autocar Co.,
*
7
July
|nc,, 4% preferred stock
Lehigh Valley Coal Co.—
'
1st and ref. mtge. 5% bonds, due 1944
■
7-20
preferred class B
Locomotive, 7%
$5
*
2044
New York Railways Corp.—
8-15
.Common
6-18
$6
899
;
6-19
6-30
Anchor
*
1
1
t
7-1
,
1st mtge. 5s, due 1946——
Kresge Department Stores,
$iy2
(quar.)_„
4%
1%
preferred
(accum.);_
American Water Works & Electric Co.—
2043
1
—Aug
Keith-Albee-Orpheum Corp., 7% cumul. conv. pfd. stock. July 31
Kline Brothers Co., 5% sinking fund notes due 1952—..Jun 17
Gas Co.,
7-20
A
pfd.
(quar.).
6-20
8-15
Co.
7-
Avery
Central America—
bonds due 1947-
ref, mtge. 6V2%
mtge., series A, 414 % bonds, due
prefer,
8-15
6-10
10c
6%
2042
prior preferred and 7% preferred stocks
Jun 21
Houston Oil Co. of Texas, 414% debentures, due 1954—Aug 1
' 1st
6-30
.
20c
American
2042
61 Sat 'v
Kansas City
5%
$l*/4
$1JA
Consolidated
(quar..)__________
American
1459
Higgins Industries. Inc., 6% preferred stock—— -Aug
1
(R.) & Co., 1st mtge. bonds due 1944
Jun 24
t
Gas'& Electric,
4%.
preferred .(quar.i___u
American ^Snuff
2042
Hoe
Kankakee Water Co.—
2nd
1st .&
5%
\Z
2042
■■
bonds due 1952————i—July 1'
10-yr. serial debs., due 1950_Jun 21
of
7,1
6-10
—
American ^Optical
fv' •J• V*?
f'1742
'
bonds, ser. G, due July 1, 1946—July
■
*
1941
Inc., 3'/2%
Rys,
6-20,
6-20
$ia/4
Quarterly
6-11
American
1
1st Hen &
1
preferred (quar.)__i_____
6-15
American
Georgia-Carolina Power Co.; 1st mtge. 5s due 1952—July
International
of Rec.
Insulator Corp.,
1843'
4% %
1
7-
6-15
—
American .Home
2041
2042
1st mtge.
3-31
7-
1
6-30
preferred (quar.»___
'/!;|10cU;:i:/'7-15,'::;:v:;6":30"-.
Shearing &• Stamping---—10c
6-30
6-15
Commonwealth Water, 5ya% pfd,
(quar.)__ 'I. $13'8
7- 1
6-11
Commonwealth Water & Light—
$6 preferred
iquar.i—
$1V2
7-1
6-11
$7 preferred (quar.)
$1%
7-1
6-11
Conde
Nast
Publications
1 irregular)
50c
6-30
6-15 ;
Holder»
American
July
1
Hartford Times,
5-28
$2
$iy2
convertible
common
30c
American
7
Corp.—
1V2%
Ice,
6-15 "
.
7-10
Ltd.___
Factors,
'?/.
debs., clue 1953—July
conv.
pfd.________
redeemable:
Ltd.—
6-29
—_______
General; Insurance
General Public Service Corp.,
Realty
6-23
iN. Y.)_____
Co.,
30c
(quar.)
Corp.,: <irregular)
American
1
1
'Gen. mtge. 4%
6-30
Commercial
6-15 '
*$3
Enka
Common
<■
Hartford-Aetna
pfd.
American
10-year conv. 5% notes, due 1949—
July
Empire Power Corp., $6 cumulative preferred stock_i—_July
Finance Co. of America at Baltimore, 5\'i 'k pfd. stock—Jun
X
50c
Bottling
Development
pfd. (s-a)
Pipe 6'Jo
*
1
July
1st & ref. mtge. 4y2s
Ry.—
7-
iquar.)_;.____
,t30c
Central Mfg., common
convertible .preferred (quar.)^
American.Crystal .Sugar, common.
Du Mont (Allen B ) Laboratories, Inc.—
Northern
7-15
pfd.
(quar.)25c
Insurance
Cast Iron
American.
23-year 5% debenture bonds, due 1952—____________July
Great
6-10
$1%
7%
'6%
7-1
6-11
35c
(Del.>
/i4%
Electric Corp.—
conv.
1
Connecticut
American
____
5%
1
7-
iquar.)
Supply
•5% 'cum.
6-29
—12V2C
American
x
7-
Corp.
Builders
Columbia
75c
,
2037
2037
1260
Corp.—
20-yr. s, f. 3'4% bonds, ser. F., due 1959_July
Burdines, Inc., preference stock
July
Caibarien-Romedios Water Works Co., 1st 6s, due 1945—Jun
Chicago & Western Indiana RR. Co.—
1st & ref. mtge. 4%% series D bonds, due 1962——Sep
Citizens independent Telephone Co.—
1st 4'/4S. series A, due 1961——
July
Colonial Steamships, Ltd., 6% gen. mtge. bonds due 1954_July
.
Payable
——
(quar.i
Akron Brass Mfg. (quar.)
Steel
Connecticut Ry, & Lighting Co.,
.
15c
Express
Co.—
Agricultural Insurance (Watertown, N. Y.)—
Steel_-__—J
^
Allegheny. Ludlum
Allegheny & Western Ry. Co., gtd. (s-ai—
Amalgamated Electric Corp., Ltd., /interim!
Aug
1950.
Consol. mtge.
•
When
share
Name of Company
Adams
1645
*
Columbia Gas &
&
•
Bros.
Bethlehem
rec¬
are:
Per
.
,
Corp.,:.5!&%).•■preferred stock—_______
Baumann (Ludwigi & Co., 7% 1st preferred stock
_Jui) 22
Barker
due
6-19
;
6-15 J
1
Commercial
*
bonds,
mtge.
6-11
7-
pfd. B iquar.)
$7
pfd.; (quar.)___-___-_________j___w_
/
2
conv.
7-1
S6
Y
-
Atchison, Topeka & Santa Fe Ry.—
California-Arizona Lines, 4Va%
A
iquar.$1.25
(Wash., Pa.). 7% pfd, iquar.)
Sl3-^
Mahoning Ry.. is-a)
$l»/2
6-15
6%
1737
30
Jun
6-9
Co.—
50c
Colonial
in the week when
The dividends announced this week
-
bonds, series A, dated 1934—
Associated Investment Co., 6cumul. preferred stock__Jun
Further details and
News Department"
and: Investment
declared.
I—June
1949
6-19
Electric
25c
Colon
dividend payments in many cases are given
under the company name in our "General Corporation
Corp.—
convertible debentures due
paid.
9
6-
$134
iquar.)
&
Water
Coca-Cola
ord of past
1417
5
•
which have not yet been
of Rec.
6-19
Clinton Water Works,
In the
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
Holders
$1
preferred
Cleveland
we
When
Payable
(quar.)___ti_i_
common
Clearing Machine
Dividend? aire grouped in two separate tables.
Per
share
,
Name of Company
Gas
Clearfield
DIVIDENDS
1737
1737
Due in 1944 to
.„
!
•
preferred
Cincinnati
Announcement in this issue.
Citizens
Page
Date
1
.
.
.
Chicago Towel,
5%
Company and Issue—
Co., of Toronto.
1953.
The issue
,,
1656
Below
}
bonds were purchased re¬
cently by Harris, Mac Keen, Goss
,
Date
2056
/
is reported that
semi-ann.
improve¬
5%
-.-v.,; -,:■■■ ri-'
1
first
$10,000
&
$7
will be found a list of corporate bonds, notes,
preferred and common stocks called for redemption,
including those called under sinking fund provisions.
The date indicates the redemption or last date for mak¬
ing tenders, and the page number gives the location in
which the details were given in the "Chronicle."
Provincial
—
funds, have been sold.
15
Notices
Ont.
ment
Virginia-Pulp •& Paper-Co., 1st mtge. 3s, due 1954-Jun
*
4V2%, and
Bonds Sold—It
$1,185,000 2% refunding deben¬
tures, payable in United - States
Weyenberg Shoe Mfg.-Co., 4-1/2%• debentures due 1945—.Jun
West
of
Township (P. O. McKim),
Y
Treasurer S. S. Garson states that
Company and Issue—
Redemption Calls and Sinking Fund
in the
which
year,
part
ONTARIO
(Province of)
Debentures
of
..
the
a
the remainder in 1941 at 3%.
McKim
MANITOBA
Manitoba
®
.;
in
States,
issued in 1928 at
were
issue
$55,000,000
principal amount which
later
average yield of 0.497%. Dated
May 27, 1943. Due on Sept. 3, 1943.
for
pay
Certified check for 2%
same.
ruling
a
York;City, but must
in¬
Sold—A
due
an
Trimble & Mitchell of
Marshall,
same
United
of Treasury Bills has been sold at
chasers will be furnished with ap¬
bonds of the
the
Bills
to
received
on
State, until
said bond is fully paid, sufficient
to pay the annual interest on said
;
obligations
Canada (Dominion of)
,
purchase the
bonds and in such case the deposit
accompanying his bid will be re¬
turned.
The1 purchaser or pur¬
In the event that
and
tax
contract
livery of the bonds, the income
of
shall
levied
be
annual
property
Board
the
the
fall
enacted, the suc¬
cessful bidder may, at his election
de¬
2103
CANADA
the
of any Federal income
law
pay
of
date
Federal
any
or
terms
Pur¬
-
required
interest
accrued
revenues
be
interest.
decision of
a
Court
bonds cannot be sold at less than
To
by
or
& FINANCIAL CHRONICLE
7- 1
6-17
40c
7- 2
6-19
"
•
"Hale id
(quar.)
Co.
Oil
Hancock
B
Class
A & B
(extra)
(extra)—
—
(stock dividend)—___.____.v_..,
5%
preferred
57c
preferred 2nd issue
Gas, 77o pfd.
,
.
iquar.)
common
(quar.)
(quar.)
___
____—'
$1(4 pfd. (quar.)
—
Henkel-Clauss, $6 preferred (quar.)——
Hillinger Consolidated Gold Mines, Ltd.—
Furniture,
Haverty
preferred
67c
Ball
Hoover
Hoskins
Hdbble
(Harvey)
Huyler's
*,$6
preferred
Indiana
Indiana-&
—
(quar.)
General
pfd.
6%
Elec.,
(quar.)
,
preferred
participating
Minerals
(quar.)
Chemical-
&
(John)
Supply,
(quar.)
(quar.)
preferred
7'7c preferred
Works, 6%
Ltd
Joplin Water
6-15
6-15
6-15
7-1
6-
1
6-
1
1
;
6-15
3
3
5
Co.,
pfd.
Kerlyn
Kevstone
6-18
6-30
6-18
1
6-30
7-1
6-15
6-15
5-29
6-30
6-15
Loan
& Co.
(irregular)
Lehigh & Wilkes-Barre
Leland Electric
Common
Little
•
Corp.———-
Loew's
(Marcus)
Louisville
Corp..
Car
-
Quarterly
7%
4%
Progress
6-10
Proprietary
6-10
Provident
1
6-10
Marion
6-5
Oil
5%.
Assurance
Equipment
Class A
Riverside
/
6-14
6-22
6-
2
Roeser
6-
7-
Utilities,
7-
•
6-30
7-10
6-
1
■
1
6-15
6-10
$1.75
40c
6-
6-20
7-
6-10
7-15
76-
1
7-
1
7-
1
1
6-15
7-15
6-11
7-
6-11
5-31
Nashua
Mfg.,
;
(quar.)
7%
preferred C (quar.)
National Enameling & Stamping
National
(irregular)
Products
O l
National
Refining Co. $6 prior pfd.
Nat'onal
Supply,
Corp,
$5.25
$2
common
1st
6-15
1
6-15
6-15
,6-
6-28
6-
—
1
40c
50c
6-19
7-
1
6-19
7-
1
6-19
6-25
6-15
6-29
6-22
6-15
6-
6-30
6-18
4
6-30
6-18
6-30
6-18
1
5-26
6-
6-15
6-
7-
6-15
7-
13c
7-
1
1
5
6-15
1
6-15
preferred (accum.)
75c
$7 nrior lien preferred (accum.)-———87(4c
New Hampshire Fire Insurance
(quar.)—
40c
6-15
5-29
New'-
New
England
New
England Public Service—
$6
New
Fire
Insurance
lien
prior
pfd. (quar.)——
—
^V4% pfd. (accum.)—
Laundry,
New Method
York
Niagara
Telegraph
Mutual
Share
(Irregular)
class
6%
preferred
Northwest
6%
2nd
preferred
&
Worcester
.
Brass
Class
Corp.
Co.,
1st pfd,
RR,
——
8%
pfd.
A——
(quar.)*
——'
(quar.)—
■
—
6-11
6-17
5-31
7-
1
6-16
6-
6-14
$13A
$1(4
$1(4
4 V
1
5-25
6-
1
5-25
7-
1
6-15
50c
6-15
6-
$2
50c
7-
1
6-15
7-
1
6-15
5
Ohio Edison,
,$7 nreferred
$7.20
Elec.
(quar,M
—_
(quar.)
(quar.)
preferred
—_
6-19
6-19
7-
1
.
6-10
,A
A
6-30
,
When
Per
Holders
Payable
6-10
Allied
6-21
6-10
6-15
6-5:
f20c
...i, /.;■: f$l3/4
(s-a)
12(4c
..A: 12(4
6-30
6-10
6-30
6-10
6-15
6-
6-15
6-10
•
(quar.).
(quar.)
6-30
50c
7-
$1(4
f75c
J22c
25c
:.
<quar.)_—
(quar.)
"A VA" "V'"
■
6-
5%
(quar.)__.
of Rec.
6%
Aluminum
Common
5
7%
5-31
5-15
preferred (quar.)
7% preferred (quar.)
6-30
6-
7%
6-30
6- 8
6-
5-11
8
6-24
Amalgamated
7-
6%
6-15
7-
1
6-15 -!
7-
1
1
6-30
7-1
6-30
7-15
6-20
7-15
6-20
7-
1
6-15
7-
1
6-15
American
1
7-20
6-30
6-16
1
6-30
American
A—12 (4 c
Sundstrand
Machine Tool
(quar.)v'A«-;
iA- "iK
65c
Sun Glow Industries (quar,)
A; 12.(4c
Supersilk Hosiery Mills, 5% pfd. (s-a)
$2.50
Tamblyn (George), Ltd., common (quar.)..
f20c
5%>
preferred (quar.).—
A^4—....
J62(4c
6-30
6-16
6-19
6-10
7-15
6-30
7-
2
6-18
$2
7-
1
6-11
5%
7-
1
6-11
Terminal RR. of St. Louis (s-a$3
7-
Tex-O-Kan
Twin
D!sc
Union
United
United
6%.
Fuel
class
Standard
on
Guarantee
Potash
U.
S.
Co.
Hotel
Ventures,
Victor
Chemical
8
Victor
Monaghan,
WJR,
The
Shoals
$3
7-
1
6-11
$1(4
7-
1
6-15
7-1
6-15
7-
1
6-15
7-
1
6-15
We«t
7-
1
6-15
8%
7 7c
Waukesha
Mfg.,
Motor
com.
.
&
,
Illinois—
of
Co.
American
7- 1
7- 1
6-10
6-30
American
.
Machine
&
Foundry
6-26
&
Metals
6-10
6-15
6-15
5-28
5-17
5-27
5-24
i. $$1.75
7-15
6-30
7-
6-15 V
American
7%
50c
75c
7-
1
6-15.1
(quar.)$75c
(reduced s-a).
$4c
7-
1
6-10
American
Rolling
6-30
6-15
American
Ship
Stamping
preferred
American
Corp.,
Ltd.—
Radiator
Standard
&
6-30
6-15
American
6-11
American States Insurance
6-
...
...
.....
Station
(quar.)'
(quar.)........
(quar.)!
(quar.)
Co.
—
...
6-15
1,
American
Steel Foundries
American
Stores
■
6-10
American Sugar
6-30
6-10
American
Sumatra
50c
6-10
6-
American
Surety Co.
7-
6-10
$10c
$134
7
5*
1
American
American Tobacco Co.,
50c
6-15
50c
$134
6-15
6-
5
6-15
6-
5
7-
6-15
25c
1
9
Co.,
$2
7-
1
6-15
6-14
6-30
6-19
30c
7-1
6-15
50c
6-15
5-29
25c
$l3/4
7-1
7- 2
6-
5*
25c
6-15
6-
1
$i'/4
7-1
6-4
$2.25
7-15
fi-15
(s-a)_
12(4c
7-
preferred (quar.)
$1(4
(quar.)_:
;
pfd. (quar.)__
Corp.
5%
6%
preferred
Amoskeag Co., common (s-a)
$4.50 preferred
(s-a)
Copper Mining____
Andes Copper
Mining___—
Anheuser-Busch
Inc.
4
(Indianapolis)—
Anaconda
Anglo-Huronian, Ltd.
of Ala.—
preferred..;
Thread
6-19
6-
5-14
(quar.)
6-21
1
6-
(s-a)
6-30
,■
5-29
6-30
Tobacco
7-
;-:
6-15
Refining, 77c
& Tel.
A
6-21
6-30
,
American Tel.
3
12-15
-
$1
Co."
6-30
fr-
12-
,
15c
________
15c
$1%
25c
preferred
7-
(quar.)
•6-15
3
20c
Co
4
$1
4
9-
A,
Co._________
6-25
$15
6-
9-15
Sanitary
(quar.)_
Co.
Building
________
1 A
6-15
$i3/4
________________
M 11
6-
$1.75
I2(4c
common
6-30
r
9-25
6-15
$1.75
—-—__—
$4c
-
6-25
$1.75
\
—
COI—^"A/AA, /A- AA a
Service
(accum.)
40c
(quar.)——
10-1
50c
(quar.)_—________
6-
American Public
7-1
50c
; :/ ...A.
(quar.)—________
6-3-
7 %
6-10
5-28 A
—
__:—A A
(irregular)
American Paper Goods Co., 7% pfd. (quar.)
;
6-10
6-30
6-15
Finance—
National
preferred
preferred
6- 1
6-22
25c
$1 non-cumulative preferred
7%
6-15
6-15
25c
______________
—
6-15
com..
20c
Co
Quarterly
10c
25c
(quar.)
Quarterly
1
1
5-28
50c
(quar.)__—___
62(4c
Laundry Machinery Co. 4A__-__-- ! :A
50c
Locker Co., $1(4 noncum., class A
30c
American
1
75c
12 (4c
25c
6 -4
,
—
(quar.)
convertible preferred
7-
A
5-18
7- 1
preferred
6-21
1
6-15
Corp.
American. Investment
7-
$3
5
6-30
Leather,
6-15
common
non-cumulative
40c
Hawaiian
Hide
6-15
(quar.)__j
Bevlston Mfg.
(quar.)____ ; A
■
5-21
A 6-
(quar.)
25c
7- 1*
6-12
Steamship
75c
6-30
6-15
6% pfd. (quar.)_
75c
6-30
6-18
American Insulator Corp. of Delaware—
:"A" A ,,,%/■.
Convertible prior preferred
(s-a)
75c
6-15
6- 1
5
6-25
Works
Goodwill
preferred
6-15
(quar.)
$1.1834
Corp., common_____—. A: r 15c:
50c
7%
25c
—_________
.
1
6-1
7- 1
6-15
AA
6-12
6-15
National Bank & Tr. Co. (Mobile)
—
(interim)
8
Electric,
$1(4
90c
American
a. '•
6-
&
25c
(N. Y.
(N. Y.)
6-
Gas
50c
—....
Co.
6-24
Hoe__
A
.
(quar.)
Heating..-:
Ltd.
6-15
5-21
$1
■
$1.05
Machine
preferred
Car
8- 9
Meter
Van de Camp's Holland Dutch Bakers,
Vapor
6-
8-16
6-12
American
Co..
$0(4%
6-12
American
Co..
Trust
Utah
50c
$l>/4
6-14
common
S.
11-25
5-15
(quar.
preferred
S.
8-25
12-1
pfd. A
6-25
Equities of Can.
U.
9- 1
$l3/4
&
'
(quar.
U.
$l3/4
Fork
$134
Investments
A
Gold
(quar.)
7%
5-31
Co.
(quar.)......_______
Manufacturing Co. (quar.)
Carbon
6-12
7-1
10c
Corp.
Rope
6-12
7-1
20c
(irregular)....
.
7- 1
5-15
Clutch
Wire
15c
6- 5
6-15 I. A;6- 1
12J4c
6-15
(quar.)
Unexcelled
6-25
;
__
1
Louis)
1
6-15 %;
(quar.)___
A
5-31
common...
(St.
class
$134
(liquidating)......
Treesweet
Products Co.
(irregular)
Tuckett Tobacco Co., 7% preferred (quar.)
1
6-
6-30
$1
...
Co.
6-
6-15
Co.
(accum)..
(quar.)
6- 2
6-2
6- 1
15c
Hardware
American
6-17*
.
(quar.)__________ii____
General
American
6-10
6-15
•
A'
preferred
American
1
6-10
15c
American
6-
1
6-30
6-
$1(4
(quar.)
7-15
6-16
7-
$1(4
!___—_
of Alleghany
Co.
8-
5
6-15
RR
50c
$1(4
(quar.)
6-
1
Tunnel
Chicle
6-12
6-12
Axle
$l3/4
common.
Export Lines, common
preferred (quar.)
Felt, Co.
(irregular)
.
67c
preferred (quar.)
A
American & Foreign Power, $6 pfd. (accum.)
$7 preferred
(accum.)
;
6-30
Yukon
Cable,
57c
7-
pfd.
15c
75c
American
6-19
Treadwell
-
American
1
Packing,
7-1
7-15
7-15
6-15
7- 1
7-1
7-1
6-15
6-15
6-15
$1.06(4
$1(4
(quar.)____ ^
25c
(quar.)
preferred
43/4%
Tobin
5c
6-18
6-16
Colortype
7-
7%
&
Cyanamid Co.,
B
American
Timken-Detroit
6-28
common
preferred (quar.)
American Envelope Co.,
SS,—
pfd.
50c
!
Insurance
•/ 5 7o
6-15
7%
9-15
12-15
(accum.)
preferred iquar.)
Class
6-15
9-30
12-31
pfd. (quar.)_
pfd. (quar.)____
conv.
6%
American
6-19
Co.
Chain
American Coal
6-19
1
Common
pfd.
Extra
6%
-
1
Mills,
(resumed)
,
9-15
$1
6%
$4.25
Automobile
pieferred
5%
6-15*
7-
6-30
Flour
12-15
6-30
preferred
American
A:
7-1
2
12-31
$l3/4
A.
(quar.)
—____________
American Can Co., 7%; pfd. (quar.)
1
7-
Thermoid
Leather,
Airlines,
American
6-10
7-15
7-
&
50c
$1%
I.
(quar.)___
American Asphalt Roof,
7-
6-15
$1%
•'
5-29
6-30
9-30
.
——
Amalgamated Sugar Co. (quar.)
8-
6-15
50c
.50c
preferred
American
$3
;
6-30
6-25
A 6-10
7-1
(quar.)__ I
common
(quar.)
5
A- 7%
Serv.
6-17
6-10*
6- 1
5-19
6-10
$1
$1.50
A
(quar.)______________
6-
,
37(4c
3434c
$1(4
$1(4
7- 1
15c
common!
(quar.)
American
»
(quar.).
Fruit
Industries
Manufactures,
Common
i
10c
10c
;
"
6-
2
6-10
6-10
6-30
25c
Co.__—
America,
(quar,}__
6-15
i
5-26
25c
Co.___
Cement
preferred
4-"
6- l/ :
6- 4
6-15
50c
Mfg.
of
'f 6- 1
1/ 6- 1
6-11
6-11
7-16
6-19
6-21
6-21
9-21
12-18
7-1
7-1
7-20
$1.25
(quar.)_
Portland
7- 1
5-14 \
6-15
6-22
3-31
6-18
6-1
5-31
6-15
433/4c
15c
American Cigarette & Cigar..
(resumed)
Pub.
50c
(quar.)
common
Aluminum
3
4-19
6-15
/
California' Edison—
A
preferred
6-8
6- 8
A
50c
Corp.,
Co.
7-15
6-12
6-30
7-10
10- 1
7-1
6-15
7- 2
1
25c
30c
37(4C
35c
$$1%
$4(4
6-26
$4'4
6-26
$l3/4
7-1
$1V2
7-1
$1(4
8- 2
$3.70
7- 1
$l'/«
7-1
$1(4
7-1
$1(4
10-1
$1(4
12-29
$2'4 A
7- 1
$1(4
6-19
15c
7- 1
Inc
Stores
6-26
6-26
20c
(quar.)
American Bank Note,
..._■
preferred
preferred
preferred
A
Aluminum
GaS--AiAAVx',A:/
&
(quar.)
Allis-Chalmers
Alpha
5
6-16
.
5-25
,
Ltd.—
Allied
6-16
A
1
6-30
jr,
—...
Products Corp. common
Class
50c
(quar.)—..V
40c
$1
75c
(quar.)___.—.
common
D.)
Allied Mills,
6-10
6-21
30c
■/
convertible
6-24
$1.65
$1%
$1.80
1
1
Greyhound Lines—
non-cum.
$1(4
$6 pfd. A (accum.):—<
$5 preferred
preferred (quar.);
$6.60 preferred
(quar.)
$6
5
(quar.)
Power
preferred
Ware
Ohio, Cities Water,
6-
7-
15c
iquar.).
Carolina
prior
United
6-
6-15
6-22
6-15
6-30
1
6-14*
V
6-30
6-30
7-15
1
6-15
6-11
1
15c
Paper Mills,
35c
——
6-18
5-25
:
7-
25c
35c
Class A_.
B
6-15
7-
50c
(quar.)
(s-a)——v'
:
6-14
1
6-30
10c
$1.50
—
(quar.)——
Yeast
Novadel-Agene
Ohio
7%
5-29
7-
B
————
Telegraph Co.
Northwestern
Norwich
(quar.)
Industries
Publications,
Northwestern
common
—————
—
A
Noblitt-SDarks
(s-ai— „_—
Md.,
of
Corp,
6-15
15c
$13A
$154
75c
Idea,Inc.—„———'iJ-77
Jersey Water, 7%
New
(quar.)
1"
6-15
6-18
Stetcher-Traug Lithograph Corp
6-19
$1.31(4
preferred
7.
Co.
(J.
partic. preferred (accum.)
75c
Standard Fuel, 6(4% preferred (accum.)
.
t$2
Stetcher-Traung Litograph Corp
12 (4c
Strouss-Hirshberg Co..
-______^A: [7
35c
7
1
&
7-
$3
6-15
6-25
7-
'
5-29
6-30
Standard
1
7-
$1:50
50c
$4(4
$4(4
d; 25c
$3(4
12 (4c
(accum.)
preferred (accum.)__„
5'/2 % prior preferred (accum.)
6% prior preferred (accum.)—-————
Naval
Stores Investment Co.
(quar.)—:—
Nazareth Cement, 7%
pfd. (s-a)—————
Nehi
1
50c
———--A',.
preferred
6-
7-
$13A
(quar.)
5-29
$1(4
Co.„,com. (irreg.) '.Ay: 25c
6(47c
preferred iquar.)..
$1.62(4
Square D Co., common
50c
57c
convertible preferred
(quar.)
$1(4
Squibb (E. R.) & Sons, common
50c
$5 preferred Series A (quar.).
.....
$1.25
9
6-17
.7-
25c
pfd.
1st
Extra
2nd '
50c
"12 Vic
$1JA
—.
'
7-20
$6
5-20
Corp.
:
7-
50c
/.
Brewery
preferred
Class
6-14
■
a;-:a' -a - A
a-,
AAA.":''- r'AA^/Av'- share
Name of Company
Mfg.'Co. (quar.)__^_______
Addressograph-Multigraph Corp.
APW Properties class B
Aero Supply Mfg., class A (quar.)
"
Aetna Ball Bearing Mfg.___
:
Agnew-Surpass Shoe Stores, 7% pfd. (quar.)
Alabama Great Southern RR, Go. ordinary,
6% participating preferred ___A4__^_^__^A
Alabama Power, $7 preferred
(quar.)
$6 preferred
(quar.)
77 $5 preferred (quar.)
—:—
—
Albany & Susquehanna RR. (irregular)
Alberts Super Markets 6% pfd. (quar.)
6% preferred (quar.)______
6%
preferred (quar.)
6% preferred (quar.)—
Algoma Steel Corp., 5% pfd. (interim)____
Allied Chemical & Dye (quar
•_—______
Allied Laboratories, Inc. (Irregular)
5-21
$1 1/a
$1(4
1
& Sens, Ltd., com.
Southwestern
5-20
5-31
(quar.)
& Bros Co.—
>:
5
original preferred (quar.)...!
5(4% preferred series C (quar.)—
Southwestern Associated Tel., $6 pfd. (quar.)
Southwestern Gas & Elec., 5% pfd. (quar.).
Southwestern Light & Power—(AAA:y--vV A/':-
6-15
7-
6-29
(F. E.)
6-10
6-
::5%
6-15
' A'A a
10c
Steel
Adams
25c
(quar.)....
class
(Howard)
Southern
6-12;;
^ A:a a Ia. Aa/
preferred (quar.)
Acme
6-15
(quar,)
6%
1
1
B
€ %
•
1
6-10
83
Nash-Kelv nator
4
.6-21
(quar.)
Corp.
Water
Southeastern
1
6-15
2
6-19
.:
I;,
4%
$1(4
South
Penn
Oil
Co,^A.u._.i^.A^-i:^V^V_.i.';i(V';V': 40c
South Pittsburgh Water, 4(4% pfd.
(quar.)
$1(4
South Porto Rico Sugar, com. (interim).
50c
8% 1 preferred (quar.) /
AA---„■
$2
South West Pennsylvania Pipe Lines
;
50c
5-25
1
9-20
7-1
Extra
.t$l(4
$6
8
6-30
7-
7-
10- 1
6-11
we
Abbott. Laboratories,
37(4c
(quar.)
(Wm.)
South
6-15
6-
1
/'V;?/A 50c
AA.aA A.
10c
Corp.—
(quar.)
-•
60c
Electric,: $6 preferred (quar.).....
Holding, 6% non-cum. pfd._
(H.)
6%
5-27
6-
7-20
give the dividends announced in previous
paid. The list does not include divi¬
announced this week, these being given in the
AA
5
6-
7 !
7-
__
1
1
7-
(s-a)
6-
6-10
$1(4
(quar.)__
(quar.)
Co..
Royalties,
Smith
6-15
7-
$1(4
$1(4
50c.
(s-a)
6-15
6-
25c
10c
—
1
6-15
$13A
15c
_
6-15 <■'.
6-30V
7-
Cement
preferred
preceding table.
6-10
1
7-
2c
T15c
77c. preferred (quar.).A4^.A—t$1.75
Singer Mfg. Co., Ltd.—
V ./ A"; .AA[7
Vr'-i"
Amer. dep. rets.- for ord.. reg. (interim)
19 l/10c
6-15
1
8- 2
7
6-25
A
6-15
;' $1(4
;
(increased)
Inc.
Simon
6-11
6-10
$$1
(quar.)—
1
7-
(irregular)
(George D)
Simon
5-20
1
7-
50c
common....
5-25:;A'
6-15
7-
....
Corp.
Bros.,
Shawinigan
6-21
7-
$1V2
$1(4
25c
$13A
$1.50
A
6A
6-15
$4
.....A
Myers,
Pendleton
Securities
7-15
20c
common———
I
1
Co.,
Portland
dends
V
(s-a.)-_
Works, 6% pfd.
Co..—...—.
Metal
&
Scranton
6-15
6-7
$3Mi
..
7-
37V4C
(quar.)—
RR
(irregular)
Water
Pump
Signal
$$1.50
10c
pfd. (quar.)
(quar.)
Finance, $5 pfd.
Myers
preferred
Saratoga
Co.
Cable
Rome
6-30
7-15
$13A
$$1(4}
25c
(irregular)
Co.
IV
$1(4
Mount Vernon-Woodberry Mills— /A/'Av''A:/
A
■7% preferred (accum.)———————
$3(4
Murphy Paint/Ltd., common (quar.)
20c
5(47c
preferred (quar.$1%
Muskogee Co.v'..'-- 25c
nfd.
6%
&
&
Romec
1
Roos
;
6-11
weeks and not yet
.
6-10
1
A•6-15
$1.25
Inc., $1(4 pfd. (quar.)__
$1(4
preferred
(accumulated)
:
Rochester Telephone, ; common—......A
4(4% 1st pfd. A (quar.)..
1
6-18
AAA
9 2/5c
.
Morgantown Furniture, common
Motor
'
6-21
7-
$$2
20c
$2
50c
50c
$lVi
—
—
Montgomery:Ward & Co., com.
$7
6-21
Richmond
Bobbins
pfd. (s-a)—$2
Co.,.————-A A'/A 50c
(Canada) (s-a)
$$1.20
preferred (quar.)
preferred (quar.)
6%
Richardson
Rensselaer
'
Class
(quar.)
pfd.
Monongahela Valley Water, 7%
Montana-Dakota
6-21
1
Jr.,
non-cum.
Below
.
'
RR., 4%
Manufacturing
Chemical
5-27
1
Mfg.
(quar.)
5
6-21
9-15
50c
12(Ac
V;
(quar.)
(quar.)—:
Scoville
6%
6-
.
'
—
preferred
common
5%; convertible
5-31
6-10
J^-AAA A-A $1
Ltd
Co.,
Mobile & Birmingham
Monroe
(quar.
$2
Inc.,
Stores,
6-15
common
Corp.
Auto
5-31
Reliable
Lock
Co.,
4%
12-15
7-
'
Schlage
^—______————
Michigan Associates Tel., 6% ofd. (quar.)—
Michigan Consolidated Gas, 6% pfd. (quar.)
Midland Oil Corp., $2 conv. pfd. (accum.)—/
Milwaukee Gas Light, 7% pfd. (quar.).-——
Mississippi River Pwr* Co., 6% pfd. (quar.)
Monroe
Rayonier,
,6-15
7-
|134
20c
17c
of Oklahoma—
7% pfd. (quar.)
St. Louis Bank Bldg. & Equipment
Natural Gas__——a'
Merchants Refrigeration' 7% ■ pfd.
(accum.)..
Monarch Life
6-10
1
7-1
6- 5
A:
9-15
$1(4
preferred
6-10
7-
5-29
6-10
6-25
7-
(quar.)—-i--
6-16
Memphis
Modine
5%
7-1
7-
6-24
6-24
6-15
6-1
-7- 1
15c
(Wm.)
Yosemite
12-15
$1(4
Public Service Co.
5
7-1
4c
(extra)—————'
(Robert)
6-
$6
5-31
6-11
7-
7-1
7-1
7- 1
I
Common
6-19
Hampshire—
5-26
6%
5-31
6-11
6-15
(quar.)—
preferred
preferred
6-15
Ltd.,
Mitchell
$5
New
1
Corp.
Oil
1
of
6-30
Masonite
Messer
Service
6-30
Marven's
McColl-Frontenac
2
7-
w
V-AVAiAA—-iiVi'AVV 'V,v 15c/.
■
50c
$$1%
pfd.
preferred
7%
Water,
Wrigley
7-
6-15
-A—
Russell Industries, Ltd., common
(int'rm)
(quar.)—.__A_——
Extra
6-30
$1
(quar.)
6-16
for ord. regis.
6-15
50c
Mines, Ltd. (interim)—.A—A... V
& Savings Society (Det.)—
7-15
Ltd.—
Amer, depos, rets,
7-.
(quar.)
pfd.
6-28
preferred
(quar.)_
J
Marathon Paper Mills, 6%
pfd. (quar.U—
Marconi International Marine Communica¬
tion Co.,
6-
Co.
7%
75c
(N. Y.),
6-15
w;—
Roper
Co.
7-
,
7-20
7-20
7-15
.
_____
Loan
.''Quarterly
Public
Co., Ltd.,
Laundry
6-15
A'
(quar.)
6-14
convertible
$2
Power
Porto Rico
RR & Canal—
———____2———_--/ v'A
6-15
A
6- 8
8- 1
8- 1
Timber
pfd.
Huron
1
6-10
7%
preferred (quar.)
preferred (quar.)
Sulphite & Paper—
preferred
(quar.)...—:
7%
Port
Co.,
6-
(irregular)
■
Trust
_.
6-10:
6-
6-5
6-15
6-11
6- 4
Sewing Machine, $2 prior pfd....
conv.
■
6-15
7- 1
7- 1
——
7-
$13A
$1%
$13A
;;iix
Paper Box
6-30
v
1
7-
.7- 1
iquar.)->^^4.^-.wv-,i^iA----A^AvV":: $1%
Common
5-31
Corp. (irregular) ———_
Theatres, 7% pfd. (quar.)
Co., 8% part. pfd. (s-a)
$4
'
7-
;:7.-;l:/:V' ,6-21'
$1
....
*
—
50c
50c
(accum.)___—50c
Wichita Water Co., 7%
pfd.
iquar.)
$1%
Wieboldt Stores, $5 prior pfd. (quar.).;
$1(4
6% pfd. (quar.)
_l—_
75c
Winters & Crampton
A
6c
Winter & Hirsch, 7% preferred (quar.)_i__.;
35c
Wiser Oil (quar.)
—
25c
6-10
A
Ry.—.
7-15
Provision
Manufacturers
Chicago
&
6-15
A %■'
Aircraft
Wayne
6-10
Navigation
6-28
$1.50
(quar.
Pollack
1
7-15
7-15
6-18
6-15
6-18
25c
$1(4
Coal....
Inc.
Westmoreland,
::C;V,V,Aj.vVV"My
50c
,/A
(s-a)
Lockheed
I
(quar.)
6-28
,
—
pfd. (quar.)
$1.30
__A-AA--_A---A/A 60c
—
(quar.)
Schuylkill
Magor
-
;——-
Fort
7-
Telephone Co., 5.2%
Lexington
;
;
.
Pittsburgh Metallurgical (increased)—
(Ont.)—
Co.
Investment
&
(Increased s-a)i«__—:
-
Leath
;
i
Co.
preferred
prior
7-
Mills
Lambton
(quar.)
(irregular)
Exploration
7-
————,—
—
$1-30
(quar.)^——u__I.——$2
Knapp-Monarch Co., common__
20c
S2V2 preferred
(quar.)
62Vic
$2.70 preferred
(quar.)___
67Vic
Co.
-A—.—.
6-30
(irreg.)
K-2
Series
Kdburn
Traffic
Pittsburgh
6-15
——2 V4c
Custodian Fund series B-l (irreg.)
77c
Class B
,
'..V1J
Philadelphia Dairy Products Co.—
6-15
6-30
'
—1
—
Companies, corpmon
(quar.)
Extra
6-15
common
(quar.)
preferred
Chemical
$6
15c
25c
Oil Co., class A (quar.)—-_—8%c
Kendall
Aggregates—:
Service
5-20
6-15
6-10
Holders
'
6-16
1 -i
6-30
Kekaha Sugar Co,,
White
25c
6-19
6-15
———5c
(quar.)
$1(4
Shoe—
Brothers
Johansen
Weyenhaeuser
6-30
:15C
1
7-15
______
,—
6-18
Petroleum
Penh
6-25
$1(4
$1%
6-10
6-
5-24
.
67c
6-19
6-3
.
of Rec.
6-1
6-30
6-25
7-15
7- 1
6-30
(quar.)
:
Westmoreland Water, 6% pfd. (quar.)___...
6-10
Park
6-16
common
Westmoreland
6-15
1
4%
8
6-11
preferred
67c
Shoe,
Water
6-15
1
7-14
3
6-
7-1
(accum.)
37 (4c
(quar.)—50c
$5 preferred (quar.)_
—-——______.A
$1(4
Jersey Cent. Pwr. & Light 5(47c pfd. (quar.)
$1%
Irving
1
7-
5-20
6-
7-
6-1
7-
7-
Public
(s-a)
Panhandle Eastern Pipe Line
6-26
(irregular) ———————w-—50c
preferred (quar.)
A$1
Ocean Telegraph (quar.)
$1V4
International Shoe Co.
(quar.)
(
45c
6-10
7-24
Coast
Pacific
6-18
7-
4.7c
1
(irregular)
•
Pennsylvania Edison Co., $5 pfd. (quar.)___.
$2.80 preferred (quar.)
Pennsylvania Sugar Co., 5% pfd. (quar,)..
12(4c
Pennsylvania Water is, Power, com. (quar.).
$1
$5 preferred (quar.)—
$1.25 A
Peoples Telephone Corp.; 4(4 %• • preferred., v' ;;:
$1
Peoria Water Works, 7%
pfd. (quar.)..
$134 A
Perfection
Stove
(quar.).-..^„._A_-i.A^^-,_,V
37(4c V
Petroleum Corp, of America
20c
Pacific
6-18
5-29
Common
6-
1
Telegraph
5-20
6-17
International
V
Z
7-15!
(quar.)___—;
1
$37 (4c V; ■7-15
_
6-15 "
6-
6-15
series
Atlantic
&
1
7-
5-31
.
luc
10c
$1.25
./ 70c
1
7-
5-31
6-10
When
Payable
Coast-Telephone, 6% preferred
...
Penn Electric, class A (quar.)——
West
$1(4
50c
3c
10c
50c
50c
$1
dividend
$4(4
Pacific
d:; 7-
,
Company
37(4c
$134
West Penn Power, common.....—25c
4(4% preferred (quar.)_..j.^
........$1(4
West Texas Utilities, $6 preferred (quar.)— ■
$1(4
Western Tablet & Stationery,
com.
(irreg.)
50c
57c preferred (quar.)
$1(4
6-15
6-10
(accum.)
—A*.$$3.
Tail Power, com. (Minn.)^__A-n--v-^-,;i VAv: 50c
1
7-
V
,v.
1
Per
Name of
\
West
5
6-
share
••
of Rec.
7-
preferred
6-15
■
(irregular).—
V.
V
pfd.
Plantation—
Tobacco
V--A
Holders
6-15
50c
$2.50
15c
15c
common
partic.,
non-cum.
Faraffine
$1(4
$1(4
(quar.)—
Brewing,
7-
Internationa^ Bronze Powders— . »'<'/A'A;.'-/ "A
'.A
Common
(quar)__________v—! $2Qc
Jamaica
Otter
6-30
6-
When
Payable
Mississippi
&
7-
77o preferred (quar.)
_____—_————
$13A
Indianapolis Railways — __w_~—J-A.AAA50C
Indian Motorcycle, 6%
non-cum. pfd./(s-a)
30c
Inter-City Baking, Ltd. (interim)—$$1(4
67c
6-15
7-
$1.50
:
pfd.
6%
Service,
M;cnigan
International
7 7c
Telephone Co.—
Commercial
Illinois
'
(accum.)
Ontario
6-15
40c
SI
Co.^——■
(quar.)
preferred
1st
6%
6-15
50c
20c
(irregular)——
Co.
& Bearing
Manufacturing
6-15
7-15
(increased)—
com.
Olympia
6-25
_____.■
Rapid Transit,
6-15
6-25
5c
35c
(quar.)—__-_L_A-' 15C
Monthly
Honolulu
.
Ohio
.
Machine (irregular)
Telegraph (annual)-,—.
Ohio Forge &
6-15
6-25
$2(4
37(4c
$1(4
Hathaway Mfg.
6-15
6-30
,
25c
Chemical
Harshaw
1
6-30
$1(4
$1(4
$1%
.—-
(quar,)—1
(quar.)
——
Harrisburg
Per
Name of Company
of Rec.
6-30
7-
20c
25c
25c
2%
15c
—
______
Corp,,
Harnischfeger
When
Payable
I.
———
class A
Co.,
Class
Company
share
Holders
per
share
r
,
Name of
•
Monday, June 7, 1943
THE COMMERCIAL & FINANCIAL CHRONICLE
2104
(s-a)_____—
1
7- 1
6-10
5-31*
6-10
75c
7-6
6-19
$2.25
7- 6
6-19
50c
6-28
6-
25c
6-25
6-11
f$l
$1
8
7-22
6-10
5-27
ki
Volume
THE COMMERCIAL &
Number 4183
157
Sha'e
prior
preferred
Applied Arts
7-
1
6-21
7-
1
6-21
5c
6-30
6-15
Canadian
____.
Arnold
Constable
Metal
Art
Asbestos
Corp.
Works
_
6-16
5-31
$1.50,
6-16
5-31
pfd.
conv.
6-
6-28
6-14
*,6%
15c
6-21
6-11;
Capital
$20c
6-30
6-
1
6-30
6-
1
6-30
6-21
_____
$10C
Ashland Oil &
5%
pfd.
Associated
7%
Refining,
(quar.)
pfd.
quar.)
6-12
$174
6-30
6-12
6-22
6-
'
:____
;
Astor Financial Corp.,
5-31
37 tec
(reduced)—
com.
5-31
6-30.
75c cum. 1st pfd. (s-a)
1
Co.,
common--
preferred
Ho
6-30
7-
B
67*
preferred A
1
6-11
:,67*
preferred B
$2te
7-
1
6-11
Central
5%
preferred
Atlanta
Gas
(s-a)
Light, 6%
Atlantic
Coast
Line
Atlantic
Coast
Line
Atlantic
Gulf
5%
___________________
&
pfd.
RR
West
Indies
non-cumulative
7-1
6-11
6-28
6-
2
$172
6-30
6-
4
$272
•»
~;
(irregular)
6-15
6-
1
Central
>'
67*
.
62 720
Rayon Corp., $2.50 prior pref (quar.)
prior preference (quar.)
$2.50
Refining
Atlas
Imperial
Atlas
Powder
Atlas
Tack
11-
627ac
.
Atlantic
8-
2
Central
20C
Co._____
L___
6-19,,
6-, 1
6-10
5-28.
20c
6-
15c
Engine
(irregular)
6-15
y
Corp., 47*
6-30
6-21
Extra
6-30
6-21
6-19
6-19
7-10
6-23
6- 4
5-21
'
.
6-19
6-19
5-21
(quar.)
6-15
6-15;
$15
6-15
40C
6-17
West
7-
$1%
77-
1
7-
1
62 tec
:
7-
1
Co.—
*
•
Automatic
Fire
Alarm
Avondale Mills,
Common
Co.
common
7-
1
6-21
6-21
1
convertible preferred (quar.
i: $17a convertible preferred (quar.)—_—-
'
7c
7-15
Chamberlin
6-2iy.
6-30
$26.25
Weather
$3.20 preferred Class A
Baldwin
Locomotive
Works
Scotia
Nova
Bankers
National
Common
75c
Investing
Basic
Bayuk
Cigars,
Beattie
Gold
Beech
V:-7-v;17.
6-10
Corp.-—
y '
6-
6-15
5-31
8
6-
10c
6-15
6-
3V/»c
(interim)
Corp.
Bensonhurst
Harbor
Berens
River
Steel
1
5-31
7-
1
5-31
Christiana. Securities
7-15
6-23
6-15
6-
75C
6-30
6-10
;
30c
627aC
6-30
6-15
6-30
6-15
pfd.
(quar.)
preferred
(quar.)
(quar.)
(interim)
Brothers
Bon
Tobacco,
Aluminum
Bohn
Ami, class A
Class
B
Booth
(F.
1
4
Clark
6-20
6-20
Cleveland
7-
1
6-15
Climax
7-1
6-15
6-
9-
1
9-
1
preferred
6%
1
6-29
1
6-15
$1
7-31
6-
(E. J.)
Brach
75C
,
preferred
Breeze Corp.
67,
Corp.
Brewing
(quar.)_
Light &
:•
(quar.)__
Budd
6-30
6-16
6-15
6-
■nwz
6-15
5-31
15c
6-10
6-10
tlOc
6-15
5-14
—
Ltd.
(quar.)
(quar.)—___.
pfd. (accum.) —
common
(resumed)-—
Co.,
Steel
Bush
69*
Terminal
Co.,
(quar.)_————_—
(P. H.), 5% conv. preferred (quar.)_
Water Co., 77* preferred' (quar.)
Butler
Butler
Ink
California
Calumet
&
(reduced
Co.
v
quar.)
preferred
67*
A
6te%
shares (quar.)——_—
Power, common (quar!) __
7% preferred (quar.)—"——-——
Canada Packers, Ltd.
(quar.)
_________
Canada Permanent Mortgage (quar.)—_—
Registered
Canada Wire & Cable,
Canadian
$3.40
6-11
1.
6-11
7-
•
7-1
6-15
6-
6-21
6-10
$2
—
preferred
(quar.)__
Controller .&
Co.
(quar.)
5
472%
preferred
472%
preferred C
6-10
7-
1
7-
1
$$l7a
1
6-10
-$$174
6-21
'5-26
,$10c
6-15
6-
15c
:
"
,
y
'
$50c
115c
$$l3/4
$5
Continental
Assurance
6-19
Continental
Can
6-19
Continental-Diamond
6-
2
6-15
6-15
5-31
6-15
5-31
6-15
•
Continental
7-
1
1
1
1
1
8
6-
(quar.)„_
9
6-
y
6-15
6-30
5-27
6-15
5-27
preferred
'
6-15
5-14
;
Corp.,
(quar.)
Investment 87* pfd. (quar.)
:
6-15
preferred (quar.)
Copperweld Steel, common
6-15
6-30
55c
7-
1
5-12
1
6-
5
10C
6-23
6-
1
40C
6-15
5-
7
8-
2
6-30
7-
.
1
6-10
•'
7-
1
6-15
7-
1
1
00 : to
1
10-1
Financial
7-
1
6-15
6-26
6-11
6-11
50c
7-
1
——
$i>/4
7-
1
6-11
,
50c
6-30
25c
6-15
20c
6-15
6-
4
15c
6-25
6-
4
25C
6-28
6-
7
20C
7-
1
6-15
7-
t.
Crown
$$17a
7-
2
6-
4
Crucible Steel, 5%
$$2
7-
1
6-
4
common
convertible pfd.
(quar.)
preferred
Extra
(Syracuse,
N.
First
National
Bank
5-25
First
:
12- 1
6-15
11-20
7-1
6-30
6-15
6-30
6-30
8-30
10- 1
7- 1
6-30
9-30
12-20
6-10
15c
-
:
_______,y_————
(quar.)
•
•
6-
&
Dyeing
Security
Corp.
of Ogden
common
Co.—
6-5
6-15
5-4
8-16
9-16
6-10
6-15
9-15
12-15
6-11
9-11
B
common
(s-a)
——
———
6-15
Fleet
Aircraft,
6-10
6-
1
Food
Fair
1
—
6-
5-14
6-15
6-
1
Ford
Hotels
50c
6-24
6-14
Ford
Motor
56 tec
6-15
5-28*
t$l
6-30
25c
7-
,
—
Stores
6-10
$2te preferred
Foote-Burt
Class
B
(initial)—
(quar.)
com.
Co.
—
——
6-19
6-15
6-
50c
$1%
25c
6-15
7-15
6-10
-
——
-
(irregular)
of Canada,
1
6-10
•
6-10
y
5-26
6-15
6-15
6-15
6-15
6-
5
6-
5
5-31
5-31
6-15
7-1
6-
50c
7- 1
6-25
5
6-25
$1
6-30
6-23
50c
50c
6-10
6-10
6-
1
6-
1
25c
6-10
6-
1
$1%
$1%
class A
(quar.)
(quar.)—
—
6-30
6-19
9-20
9-30
6-15.
5-15
6-15
66-
1
6-
5
6-
1
$25c
6-15
6-15
6-10
6-19
6-19
6c
6-30
6-15
7-
1
6-15
10- 1
9-15
$25c
25c
6272c
(quar.)
Co.
25c
50c
$25c
1
5-29
5-29
6-23
Foresight Foundation,
1
—
———-——
Ltd.
5
6-30
—
Quarterly
7-1
6-12
6-
.
(quar.)—
Special on class A & B common,
First State Pawners Society (Chicago)
Quarterly—
6-12
5-28
(Utah)—•
(s-a)
Class
5
6-15
10c
;.
(Jersey City)
A
1
25c
f
——
—
Class
6-15
-
3-21
65c
15c
75c
25c
$772C
Y.)—
——
6-15
,
'
6-15
—
9-1
$1.25
—
——;
20C
(quar.)—,
(quar.)
$1.25
Extra._______1c
Fund Indemnity (Cal.)
(quar.)—
60c.
(Chicago) (quar.)——.
$27a
$lte
4
6-1
Firemen's
6-14
6-15
6-
6-15
First National Bank
$1.62 te
62V2C
6-10 /
6-15
50c
•:
of America, class A (quar.)—
15c
(quar.)
—-—15c
Fund (quar,)————
17ac
1
(quar.)—
6-
Co.
5-29
80c
50c
:
Industrial
$1.75
1
Forster, 8%
;
B
7-1
$lte
:
5-31
—
—_
Cleaning
(quar.)
Co.
Class
6-15
$iy8
2
&
Finance
.9-18
1
(quar.)y
(quar.)_
6-14
6-15
$25c
(quar.)—
7% preferred (quar.)
Fiduciary Trust Co. of New York—-——Field ..(Marshall) see under Marshall Field. -
7-
(quar.)„—
7-
Crum
United
43 tec
—
6-14
1
20c
Truck
Motor
Common
7-15
•
7-
Crowell-Collier Publishing (quar.
Crown Cork & Seal, $2.25 pfd. (quar.)—
Crown Trust Co. (Montreal) (quar.).
Corp.,
Fenton
6-19
$2
(quar.)—_
1
7-
y1.
—
Federal
6-15
$1.87te
(irregular)
7-
$172
'
;
interest
(quar.)
6-22
y
6-14
Co.
Insurance
25c
7-
9
>
(quar.)
Corporation
1
7-1
Site
:
;
Federal Screw Works
6-15
7-
I
,
5% convertible preferred (quar.)
Copper Range Co
Crane Co., 5 7* pfd.
(quar.)
Zellerbach
preferred
7-
$174
—
$ 1 te
• •'
—:
$$1
gt.
6-22
7-1
; ;
.
6-1
8- 2
11-1
35c
56V4C
(quar.)—
(quar.)
:
beneficial
1
6-10
3c
Fanny Farmer Candy Shops (quar.)—___
31Vzc
Fansteel Metallurgical, $5 pfd. (quar.)
$17»
$5 preferred (quar.):
$174
:; :
$5 preferred (quar.)
—yyly $174
Farmers & Traders Life Ins. (Syracuse, N. Y.)7i-y; -•
■••y
Quarterly
$2 7a 7 7- 1
Quarterly
$272
10- 1
Federal Bake Shops* common (quar.)—
25c
6-30
57*
preferred (s-a)——____________
75c
6-30
Federal Mining & Smelting
-■
$1
6-21
v Federal
Mogul Corp. (quar.)
25c
6-15
12-24
\ 6-
7-
50c
Inc., common (irregular)—
preferred (quar.)
Falconbridge Nickle Mines (interim)
—
Falstaff Brewing
Corporation (quar.)——_
6-25
12-31
3
3
30c
5%
'
com..
of
Plantation
Excelsior
9-25
'
7-
7-
$17a
__
___
Pittsburgh RR., 7%
Railroad, common
$5
5-25
$1
(Del.)—
(quar.)
(quar.)
Ex-Cell-O
6-15
7-15
(accum.)_
Canada—
of
5-21
7-15
(quar.)
$5 preferred (quar.)
6-30
y'-
Corp
Co.
A
Certificates
(Bait.)—
-
stock
&
Erie
"
non-cum.
class A
6-14
6% prior pfd.
67* prior preferred
(quar.)
$7 conv. preferred (accum.)
Foster Wheeler
$174
6-30
6-16*
$2
6-30
6-18
'
Canadian Foreign
Erie
'
4
6-14
6~-15
25c
(Chicago)
preferred
(Dallas)
(quar.)
Co.
5
6- 1
30c
$6 preferred
6-10*
6-30
7-1
$6
Engineers Public Service, $5 pfd.
$5.50 preferred (quar.)
Class
7- 1
—
(quar.)
partic;
9
6-
$3
(s-a)_,
Corp.,
cumulative
6-19
6-
25c
$37a
(quar.)—
com.
Emporium Capwell Corp., common
'
4te% preferred A (quar.)
6-30
$6c
———_
Fibre
preferred
English Electric
$lte
:
1st
Goods,
5-26
9
7- 1
6-30
6-21
25c
Quarterly
9
6-
9-30
,
7%
6-15
7-
790
Dry
6% 2nd preferred
;
'
6-15
7-
Employers Casualty Co.
^
Continental Telephone Co., 67a 7* pfd. (quar.)
6-15
7-
6-
t$ite
common
Steel
7%
5-15
7-
Oil
Continental
5-31
$127aC
Empire Power
nite
Co., (interim)
Continental Motors
1
2
6-12
(irregular)
Y.
(quar.)—'
5-15
7-
6-12
y:y 6-12
1
Walker
75c
50c
(quar.)—
6% preferred (s-a)_—________
—
$4.50 pfd.
6-15
7-
1
25o
Power & Paper
7-15
$$2
Ely &
1
t$3
(quar.)—
7-26.
$$1
$$1%
preferred
Manufacturing Co.——
7-
nite
$1.75 preferred, (quar.)_
Consolidated Water
1
6-15
'
6-12
1
Elgin
(quar.)_
common
•
7-
90c
Corp.,
Co.
Co.,
Eversharp,
87e preferred (quar.)__i^__—_
;
6-
N.
(quar.)—
Consolidated Steel
Gas
7-
$3
62 tec
■
5-26
6-15
$7.50 preferred
Natural
Storage Battery
National Watch_.
5-25
40c
(quar.)—————
B
Paso
Ewa
(quar.)—
of
(Texas)
7-
Consolidated Retail Stores, Inc.—
y
V 87*
preferred (quar.)_—
—_
6-1,
9
'
'
$3
-
Consolidated/Laundries Corp.—
6-10
7-
6-15
$174
—
6-1
J627aC
6-18
1
;
Power, com.
Co.
Co.
•
.
,
$5c
preferred (quar.)
Electric
'
6-
$5c
—
7-1
—_
Consolidated Gas Elec. Lt, & Pow.
'
6-12
$15c
1st preference (quar.)
Participating
———
60c non-cum. conv. preferred (quar.)
Participating —
57*
Boat
30c
4c
(accumulated)
6-16
$25c
-
Electric
Electric
Paso
$472 preferred
Industries—
25c
$85c
(quar.)-.
(quar.)—
6-11
5 7*
El
$5.55
(quar..)—
Film
preferred
Common
Breweries, Ltd.—
Canadian Cottons, common
preferred
Consolidated
1
$$1
—
(quar.)
convertible
$5
6-21'
$174
$25C
class A (quar.)__
(interim).——
Canadian Canners, common
69*
6-28
20c
$50c
Canada Northern
'
Consolidated
Consolidated Edison
Consumers Power Co.,
(quar.)————
preferred
Connecticut Light &
6-15
\
-
6 y2%
4-30
1
$377aC
(quar.)——
B
5
7-
3174C
•
;
Class
6-
$17a
yy
6-
6-25
87* pfd.__
Association (Ontario) —
Biscuit
6-11
50c
El
-
.
4
6-30
6-15
3174c
(quar.)_
6-10
6-
6-30
60c
6-25
Amusements, Ltd.,
2
6-30
6-30
7-15
6-15
15c
7-
1•
tlOc
——
(quar.)
Co.,
shares
Bearer
6-3
6-15
7-15
6-18
(quar.)
20c
Canada Malting Co.,, Ltd.—
:
y-y
V"'
Canada Crushed Stone, Ltd.
Class
6-
6-17
7- 1
7-1
—_
15c
:
B
6-11
i
5-29
$17a
$1V2
$l3/4
6-30
—
Quarterly
Quarterly
Quarterly.
Congoleum-Nairn
(quar.)
Coniaurum Mines, Ltd. (interim)
.
Copper
pfd. (accum.) __
(interim) —
Canada Dry Ginger Ale (quar.)————
Canada Foundries & Forging—
Cement
5-28
50c
Consolidated
57*. preferred B (quar.) •
Canada
6-15
(quar.)__
Confederation Life
5-29
6-15
25c
vyV-';^ -.L.-y
$1.0674
(Indianapolis)—
75c
-
_
Hecla
Campbell, Wyant & Cannon Foundry
Canada Bread Co., com. (resumedl)
i
20c
5c
79*
preferred
6-
6-15
6272C
20c
75c
$27> convertible preferred
.
627aC
(quar.) ____________—<-•
El Paso Electric (Del.), 69* preferred (quar.)
7 7* preferred (quar.)
(quar.)
Confederation
1
6-15
25c
.■
Terminal Bldgs.,
1
5-29
6-18
y
(final)—
preferred
Community Public Service (quar.)
Compo Shoe Machinery Corp.— <
6-19
1
6-15
Stores, common (quar.)„__
convertible pfd. series 1937 (quar.)—_
cum. conv. pfd. series 1941
(quar.)—_
$2.25
Trust—
50c y
U5C
7-y
Burroughs Adding Machine Co.
Bush
7-
Investment
vtc.
20c
Brothers
6-30
57*
3
5-21
Common
5
6-15
6-
& Southern Corp., $6 pfd.
Subject to the approval of the SEC—
.
5
6-
6-30
u_—
5-28
5-15
preferred
6-
3772c
$174
(quar.)
5-28
Commonwealth
1
10c
—
Co.
Burlington
6-
6-15
25c
$1.25
Buffalo Ankerite Gold
Bullard
5 7*
6-16
6-30
75c
(irregular)—
Mines, Ltd. (interim)
Wheel Co.
25c
7-1
7-1
common
6-15
6-10
Loan
6-1
S172
Co.,
67*
6-15
6-10
Commonwealth
5-25
6-15
Kodak
5
.
6-15
Commonwealth Investment Co. (Del.) (quar.)
5-25
$17a
v
,
common
Line—_—
Pipe
6-10
6-10
Iron
Edison
Commercial Solvents Corp._
1
6-
50c
(accum.)$172
Malleable
preferred
6-1
6- 7
6-30
6-30
Common
4-27
6-15
2
6%
6-14
'
6-12
6-10
6-15
6-15
6-30
convertible
7-1
6-30
V
9
5-25
6-15
7
6%
preferred (quar.)
Eddy Paper Corp.
;——— y
Commercial
6-15
5-25
$174
!
$1%
(quar.)—
1
$474
prior
Eastman
^$1
$3c
"
75c
convertible preferred (quar.)———
$1.0674
Arms..——
Co.
1
6-15
1
75c
Fire
6-
'
Buck Creek Oil Co.
Buckeye
y
-
5-25
Carbon
6-15
7-
6-
6-15
yV,
Command Oils, Ltd.
7-15
37tec
:
-50c
common-
7-24
6-15
$1.50
Corp.,
6-14
$174
50c
1
6-
-•
5-24
$1
$17s
(quar.)—_
Eastern Massachusetts Street Ry.—
6-30
6-12
Patent
■}
•
7-
6-30
■:
5-27
8
6-15
6-15
30c
(s-a)—
6-
80c
.
11-15
(s-a)
International
6-15
7-
t75c
;
8-16
1
5-29
7-
pfd. (accum.)
75c
preferred—$1.12te
75c
6-30
1
Eastern
1
(quar.)—_—
(irregular).;
:
Commercial Credit Co., common (quar.)
50c
(quar.) ______—
(resumed)
preferred
;>:
30c
—-
(interim)
Bridgeport Brass Co.. common (quar.
5te% convertible preferred (quar.)—
Briggs & Stratton Corp.
Bright (T. G.) 6% pfd. (quar.).—_____—.
Broadway Market Corp. (irregular) ________
Bruck Silk Mills; Ltd. (interim)——
$5
1
■
8
6-
9-
——
7-
-
6-24
4te %
—$1.0674
9 .'..y' $$2
Columbia
y:
47*%
i
Brunswick-Balke-Collender Co.,
5-29
7-
r
tnvz
Amer.
Colt's.
5-28
6-10
5-20
12-
———
6-30
50c
(quar.)
of
6-15
1
(quar.)
Co., common
A
Eastern Gas & Fuel Assoc.
Electric
Colgate-Palmolive-Peet—
$474 preferred (quar.)_y__;—_r_
Colonial Steamship, Ltd.—
8
y7y
:
Power
7-
6-15
$3
& Sons
Brazilian Traction
Class
7-15
6-15
Coca-Cola
6-19
67*
Elec.-r—
?; $3, preferred class A
y
/;
7-15
7-31
Coca-Cola
Chemical, com.
preferred (quar.)
Mahanoy RR. Co. (s-a)
East1
?
6-10
87*
(quar.)____—
&
9-15
1
6-15
25c
75c
7-
1st. preferred
Plastics
preferred
5-24
6-14
(quar.)
&
7-15
7-1
;-
r
5%
6-15
;y
7-
-
7-
y.' 59*
Gas
5-25
$2
:y:
preferred
10-15
25c
_
—
6-15
Counties
6-15
50c
6-30
627aC
(s-a)
Durez
6-15
7-31
75c
6-25
$174
;"n: 50c
(s-a)__——
6-16
8
6-12
1
7-1
$1.25
6-30
'
4
40c
Hose & Rubber Co.—
7-15
—
Coast
-
Wharf Co.
Woven
25C
50c
6-16
»!':•'
$1
Co. (irregular 1
$272
Albany: RR.L_ __ll__LL-~* LL LLL_LL*::
■SK $1V4
Elevated Ry.
(quar.)_______—
Boston
Duquense Light,
30c
f30c
V-V'y
5-25
6-
7-
6-10
y
de Nemours, common (irreg.)
(quar.)
6-18
$47a
(irreg.)
common
(quar.)__
(E. I.)
1
common—
Co.
Co.
preferred
y-
6-25
30c
(quar.)_—
Corporation,
15c
$l7a
(quar.)—____________
Du Pont
Bradstreet
30c
6-
20c
—.
6-18
&
6-15
$174
6-28
40c
■'
1
7-
y.
.,$174
6-30
V
_________L__.___-._y
7-
75c
Corp.—
Chemical
6-18
6-15
5-29
$1%
6-18
Cluett Peabody & Co., common (interim);
l(/o preferred (quar.)-—————!—
'-7
(quar.)—
Co. $3 pfd. (accum.)
Boston
Clorex
•8-25
&
Boston
Co.,
Molybdenun .(quar.)
Coal
;,7
$1
5
6-
1
37tec
1
(quar.)
Quarries
"
7-15
7- 1
—_y__«_y_—
7-
:
8-25
$172
preferred
Clinchfieid
1
40c
Borne-Scrymser
Boston
,
5%
5-24
7-
Electric Manufacturing _i—_____
Duniop Rubber Co., Ltd., ord. reg. (interim)'
,
6-15
$17a
—,____
Corp
Equipment
6-
6-10
6-19
Duncan
$4
6-
1
(quar.)
6-15
__—_
6-15
1
preferred
6-30
—
7
1
7-2
5
75c
87*
1%
5-
7-
6-30
————
6-19
—
6-10
7-
Co., common
6-30
$17
5-31 9'
$1%
I-
Inc.
E.)
■
-
7-
6-
7-30
60c
Duplan
y
5
$i
6-15
6-10
J*.
Dun
Cincinnati New Orleans <fc Texas Ry., com.
5 7* preferred (quar.)
$1
6-28
>9
(quar.)
6-21
>
Chrysler Corp.
1
$1%!;
_
(quar,)——_______ ________7
Bond Stores,
(quar.)
Co.
12 tec
6-30
•'
6%
Brass
&
preferred
7 9*
Co. -(increased s,-a)__
6-21
75c
common
5-29*
1
Power
627aC
6-15
v"'-
pfd. (quar.)u_
Blue Top Brewing, 6% pfd., class A (s-a)__
Blumenthal (Sidney), 7% preferred (quar.)
Bloch
77*
6-10
75c
7-1
(quar.)
6-30
$1%
—
_______________
preferred (quar.)
Birmingham Water Works, 67* pfd. <quar.)_
Black-Clawson Co., common (quar.) ________
6%
preferred (quar.)
_—:
Co,
•
preferred
7-
50c
7* preferred (quar.)—
Cincinnati Street. Railway—
City Auto Stamping Co. (quar.)
City Ice & Fuel Co., common————
Clark Controller Co.——
•"<
$7
Blaw-Knox
:
1
$$134
:
50c
25c
$6
Black & Decker Mfg.
v
7-15
7-
$10c
30c
15c
(Interim)
(quar.)
Electric,
5
convertible
2
$$17»
_________
$174
$1
(quar.)—
7-
"■
Birmingham
pfd.
6-
(irreg.)
77*
Corp.,
prior
1
(quar.)
Ltd.
Manufacturing
convertible
7-
$3
6-15
v- $1
—
t3c
(Bklyn.)
•
———_
•'9 $272
Dresser Mfg.
4
Duke
Chicago Rivet & Machine-—-—
Chic,kasha Cotton Oil Co.' (quar.)
yr Quarterly
;
Bibb
Driver-Harris
6-15
Berghoff Brewing Corp.
Bethlehem
6-
5-12
■
,
Industries
Malleable
Mines.
6-28
7 9*
1
8-
$35c
6-28
—
5
25c
(increased)
$1
(quar.)
:;y - 5
■
;____
Draper Corporation (quar.)
t$i
^_______—_
National Bank
Benton
class
(s-a75c
:
Stores, Ltd. (interim)Textile, common (quar.)
preferred (quar.)
6- 8*
mte vC
Industrial Loan, common——
$2V2 prior pref, series of 1938 (quar.)
6-
1
$1
Beneficial
6-11
6-15
Car——
7-
5-31
,
6-25
Motor
pfd.
preferred
$1
1
15C
8-12
(quar.)—
6-30
Corp. (quar.)
1
50c
part.
6-
7-
■;
9-
67*
1
6-15
.
1
5-27
7-
tiC
t$2
1
6-16
75c
Eastern Illinois RR.—
A (irregular).—____j—_—_
&
6-10
6-30
(quar.)
Dominion
8s
5
6-25
5-28
Common
•
8-
8-16
6-
(quar.)—
50c
(irreg.)_
Packing Co. (quar.)
Belding-Corticelli, Ltd., common (quar.)
7%
preferred (quar.)
Bell Telephone Co, of Canada (quar.)
Aviation
$2
5-1*
15c
:
6-15
1
6-19
5
7-10
(quar.)___
Dominion
Chicago Daily News, com. (irregular)
"k preferred (quar.)
Chicago Flexible Shaft
Chicago Mill & Lumber
—_y__—
Chicago Pneumatic Tool, common
5
*12teC
6-15'
-
1
12-23
6-
25c
5
6-
(quar.)_______
1
5%
1
25c
25c
com.
Chesebrough Manufacturing
\
6-30
6-30
Inc.
1
50c
(quar.)___
common
preference
series
non-cum.
Chicago
772c
(quar.)
7-
7-
6-10
6-15
6 tec
Nut
Bendix
;;
1
1
.4%
'
_________
Mines
Belmont Radio
7-
$lte
1
(Toronto)—
Chesapeake & Ohio Ry. Co.,
7-
.
t$27a
—_
(quar.)
Inc.
Refractories,
Beech Creek RR.
6-5
$1%
v;
Co.
7- 1
$172
________
Oil
6-15
$2 7a
(quar.)
Barnsdall
6-30
Executor
Quarterly
6-15:
(irregular)-.
(quar.)
67* pfd. (quar.)
Barber-Ellis of Canada
6-25
6-12
t$l
Chartered. Trust &
50c
—
of
1
'
Bangor & Aroostock RR., 5% pfd. accum.)
Bangor Hydro Electric, 67* pfd. (quar.)
; 7%1st preferred (quar.)
.—_i.___._C
Bank
7-
$20.80
(accum.)_u__
This dividend clears all arrears.
Badger Paper Mills, Int. (quar.)__;
6-19
6-30
25C
—
7-
Corp.-Seagrams, com. (quar.)____
$5572c
(quar.)________—_____
$1 »/4
Dixie Cup Co., class A_
62 72c
Doehler Die Casting
(interim)__—_________
37tec "
Doernbecher Mfg. Co,-,'y
5c
Dome Mines, Ltd.
(quar.)
;
$40c
Dominion Foundries & Steel,
9-20
6-
$2
Distillers
•
710-
7-1
6-15
Co.,
6-10
11-15
6-15
Match
9-30
;
15c
A
8-16
12-1
6-15
Diamond
5-29
6-10
1
25c
Co.
5-29
6-25
9-
IQ-
•
6-19
.
(quar.)__—25c
B
Alkali
6-30
37 tec
Stripy__„_____
Champion Paper & Fibre, common——
67*
preferred (quar.)__1
*
..
Metal
pfd.
!
* 12-23
'
(s-a)
6-10
yy
*35c
Diamond
'
37 tec
-■;$I72
6-15.
1
8-
v. 7c
:
"<
^
Axton Fisher Tobacco Co., 67* pfd. (accum.)
This dividend clears all arrears.
6-
5%
Devonian Oil Co. (quar.)
Dewey & Almy Chemical
Diamond 'T
$1%
$lte
6-24
7-1
$l3/4
■
Corp;
.
(accum.)—_____
fc
6-22
$13/+
•
South Western RR
5-31
(accum.)----
$6 prior lipn preferred
Chain Store Products,
5-21
7
&
6-10
6-30
t3c
(quar.)
V
6-22
$l3/4
*
Michigan Stove,
Class
4
1
7-1
75c
Products___..__—
6-10
x
6-
7-
3772c
—
—
Detroit Steel
;'y 6-10
••
6-15
25c
$$2Va
—
Detroit
Steel
4
$1
(quar.)
(quar.)
Detroit
7
6-
y-f).yy,:
Canada—
(quar.)
preferred
preferred
Hillsdale
6-15
75c
7 7*
Detroit
3
5
$1%
(quar.)
preferred
4
66-
:
,
(quar.)—
6-10
1
$17a
Corp.
common
77*
5-15
;
1
—
Utilities
77*
:
6-
6-15
25c
—___
___________
6-19
6-
$17a
;___
$7 prior lien preferred
Common
7-1
6-15
25c
—_
—
Corp/of
(s-a)______
Supply,
75c
(irregular)
Corp.
Securities
Deisel-Wemmer-Gilbert
Dentist's
6-15
-
&
1
50c
—L.
57* preferred
6-30
(quar.)____ '
pfd.
(quar.)__y__
Corp.
Chemical
Debenture
7- 1
(quar.)
6-21
25c
__
Davidson
7- 1
(quar.)__
7-1
(accum.)__
Hosiery Mills, common
preferred (quar.)__
7 7*
■'
(liquidating)
pfd.
prior
Davenport
pfd.-^
int.
77*
Petroleum
7- 1
7-1
7-20
7- 1
6-11
'
•
Corp.
$3
<
(quar.)—
$lte
Power,
South
&
Darby
25c
Central Patricia Gold Mines
5-21
75c
Diesel
Co
Maine
preferred
•
6-21
$172
60c
beneficial
of
preferred
;y,':59*
1
6-15
15c
Co.____
Coke
preferred
; $6
'
Atlantic
—
Central Cold Storage Co. (quar.)
Central Illinois Light, 4 7a 7*
Pfd.
SS.—
preferred-————
6-30
common—
&
Certificates
$ite
$172
(quar.)_______
(irregular)
(Conn)
Coal
(interim)
6-
(quar.)
$1
127*
127*
(quar.)
Carthage Mills,
6-25
8- 2
Curtis
50c
$1
(interim)—
7-22
11-19
6-15
(s-a)—_____
15c
$174
(quar.)
;7-
prior preference
Publishing, $4
Cutler-Hammer, Inc.
$2
$2te
;
5
A
Daniels & Fisher Stores
$17t
$2 V2
.7
6-
class
6-19
(quar.)
Atlanta Birmingham & Coast RR—
5%
preferred (s-a)
__________
6-15
6%
6- 1
tquarj
ordinary registered
5-31
of Rea.
11-29
$iv8
Press, 4 7a 7* preferred (quar.)
Cunningham Drug Stores, Inc.— '
6-ld
1
Holaert
8-16
10c
6-30
Ry.
Atchison, Topeka & Santa Fe Ry. Co.—
57* non-cumulative preferred (s-a)__—__
'
6-30
When
Payable
]0c
—
$17a
Ohio
&
(s-a)
6-10
Telegraph
&
Telephone
RR.
Extra
7-
$1
(quar.)
Carpenter Steel Co. (irregular)
Carreras, Ltd, A ordinary regis
5
6
Port Clinton
25c
1
(quar.r
Clinchfieid
Carolina.
Culver &
.
thare
$17a
—
(quar.)__j.
1st preferred
Carolina,
5-
Name of Company
6-12
6-30
J50c
City
.
7; 1
$3772c
(quar.)
,
37 tec
$25c
(quar.)__^
Westmgnouse Co.
Oil
Per
of Rea.
Cuneo
Products (quar.)
Carey (Philip) Mfg., common
57*
preferred (quar.)___
67* preferred (quar.)___
Carnation Co., common (s-a)
6-15
$$l3/4
(quar.)___.
Investment,
•
$174
Breweries of Canada, com. (quar.)
preferred
Associates
57*
10c
(quar.)
com.
_____
A
2105
Holaert
Payable
Products—
class
Canfield
1
6-15
12 tec
(quar.)
______
(quar.)
Silk
Canad.an
$1
___
___________________
(quar.)
Corp., Ltd.
25c
$lte
common
6 %
When
„•
thare
•
$1%
Corp.-
Power,
preferred (s-a)
Armstrong Cork Co., 4%
Company
25c
(quar.
Arkansas-Missouri
fer
Name of
of Ree
Pav'blt
Canadian General Electric (quar.$$2
Canadian Malartic Gold Mines (interim)
$2c
Apex Electric Manufacturing, common.7%
Holaert
When
Per
Name of Company
FINANCIAL CHRONICLE
Corp.,
(quar.)
S772c
3772c
$8te
7-
1
6-15
share
■'</.
AjA._-.-_-_
preferred (quar.)
Gair (Robert) Co., 6%
preferred (quar,)—
Garfinckel (Julius) & Co., com. (quar.)
.Extra
—
_
7%
Fuller Brush Co.,
Special
convertible preferred
Gatineau
Power,
common
Extra
preferred
5(4%
(quar.)-
Brewing
Corp.,
Co.
(quar.)—
;
(quar.)—.——
(quar.)
General
Box
General
Candy Corp.
General
Cigar Co., common-—-—:
General Fire
General
$5
.
.
(quar.)—:———-—
Extinguisher
$4.50 pfd.
—-
—
(quar.)—
Foods Corp.,
General
Motors
Corp.,
common
General Railway Signal, common..
6%
Glen
Coal
Co._
(quar,)—_—_—
4(4%
conv.
(interim)
preferred (quar.)___——
Golden
Cycle
Corp
Glidden
Co.,
Goodrich
common
(B. F.) Co.,
Fisheries
Mills,
(quar.i—
prior pfd. (s-a)
5%
(irreg.)_—
Indemnity
Great
American
Great
Lakes Engineering
Great Lakes Paper Co.,
Works
(quar.)
Ltd.—
....
$6 pfd.
& Die,
preferred
8-
77-
preferred
Hackensack
Water
Hall
(W.
Hamilton Cotton Co.,
$2
pfd.
class
(irregular)——
Watch
Hammermill
4>/2%
'
Co.,
7-26
7-10
5-28
7-
1
6-11
7-
1
6-12.
7-
7■
Hanna
A.)
(M.
Co..
6-15
ferred
7-
Harrisburg
Steel
Schaffner
Hart,
Haapl-Atlas
Heath
(irregular!
C.)
(D.
6-21
7-
preferred
Oil &
Hiawatha
5%
Co.
5%
77c
Hilo
B
6-30
6-
&
(monthly)
Co.
common
-
__________
2
7-
2
6-15
6-15
(Canada)
Paper Co.
6-15
6-
6-21
7-
5
Furnace
Hollander
Home
Co.__'_
___
(A.) & Son
Marine
&
Fire
6-
(Quarterly)
6-12
6-
Lake
Home
Oil
& Electric,
Gas
Home
Co.,
Honey Dew,
Honolulu
Honolulu
pfd...(quar.)
(quar.i
...
Oil Corp. (quar.)„
Plantation Co. (irregular)—
6-26
6-15
6-
5
6-15
6-
5
7-
6-18
6-
6-15
1
1
6-30
Inc.
Drugs,
6%
pfd.
6-15
7-
6-21
1
7%
6-
1
La
.•
Class
B
6-25
(Texas), 67c
pfd.
r
Huron & Erie Mortgage Corp.
—
6-5
25c
6-15
6-
Roi
1
1
—
6-
5
1
6-
7-
1
6-
5
7-
1
6-10
7-
1
6-16
6-15
/
6-
Lincoln
6- 5
1
6%
6-21
6-15
5-10
7-
7%
4
6-15
6-
6-10
5-25
6-30
6-11
7-
1
1
6-19
4
6-12
6-28
37V2c
7-
6-
■>,'t$l
7-
1
8%
12-20
1
6-15
6-30
6-18
Imperial
Tobacco
Steel
$2
of
Canada
ord.
(int.!—_
.
Indianapolis Power & Light, common—
International Cigar Machinery
(quar.)
4-16
tlOc
i2(4c
$1.31 (4
20c
$1V4
$1(4
$3
Ingersoll-Rand, 6% preferred (s-a)
Inspiration Consolidated Copper
Machines
8
30c
5(4% preferred (quar.)_
__
Indianapolis Water Co., class A (quar.)
57c preferred A (quar.)—
Industrial Silica, 6(4% preferred (accum.)
International Business
7-
6-30
6-
7-15
17c
5-20
1
6-11
6-10
6-
1
1
6-
7
7-
6-28
6-11
6-10
5-21*
6-26
6-10
6-15
6-
5
9-
6-
5
6-
1
9-
5
9-
1
6-15
6-
1
7-
8
6-20
7-
(P;)
—
Co.,
^
Land
6-25
1
6-12
v 37j/2C
7-14
$1
7-1
5-14
.!,
10-
$1
A
6-15
&
M
M
Truck,
Macassa
v
*
5-23
6-10
A
6-
A 7-4
6-
7-
1
6-
7-1
6-11
A
6-15
6-
7-
30c
8-
1
30C
(Quar.)_
11-
1
.A 10-25
6-12
5-31
*
7-26
■•'•
6-15
6-15
7-
1
6-15
6-10
A 6-12
37,4c
A
•
•
5-31
>
87Vac
17 Vac. A
5-31
6-124:
6-15 :
7-
$1%
6-5
1
25c
7-
1
8-
1
7-15
50c
.
.
—
8-25
11-24
6-10
5-25
$1.10
9-10
$1.10
—-
12-10
8-25
y
preferred
;
7-
1
6-11
1
6-12
commoh
1
6-12
50c
6-10
&
$3
Consolidated
———25c
(s-a)——
y4d
11-24
Mines, Ltd.
$1
—_
(quar.)
——
*
16c '
6-
2
5-25
•'
6-10
30c
$1 (As
7-
6-
3
6-21
1
7-
1
7-
Mills
6-19
'
Fuel
9
7-
1
87V2c
-A $5
tSl
7-
1
6-15
7-1
6-15
6-15
5-31
6-15
5-31
■
(quar.)
Auto
________
A 5-21
7-
1
10-
1
7-
1
10-
1
1-3-44
1-3-44
9-
1
8-26
12-
•
15c
25c
!^- 40c
$2
20c
11-25
5-20
6-15
5-15
6-29
G-18
6-15
6-
6-30
V
1
6-15
$1
(irregular)
I
6-
6-10
$1(4
;
Supply
5-30
6-15
$1(4
$1(4
—
i—
6-15
■
6-15
20c
!
———_____
Ring
5-25
6-
Mortgage
—
A 5-22
50c
(N. Y.) (s-a)
(quar.)—
Dry Goods,
6-17
5-27
1214c
!
commoh
Cottons,
Loan &
6-17
1
6-15
6-10
1
Co. of America—
6%
Fibres
conv.
pfd.
6-28
$114
$114
9-28
9-16
12-28
12-16
1
8-10
1
A11-10
9-
15c
(quar.)
15c
(quar.)—______
preferred
A 6-17
$114
(quar.)_!
A.;
(quar.)—
(quar.)_!„_______________
•
12-
7-15
30c
Co., common-
•
6-U
2
(quar.)—
f50c
7-
1
6-
f44c
7-
1
6-4
Ltd.,
Breweries,
common
preferred
National
Container
Corp.
(quar.)_
7-15'
A. 25c
5
6-30
25c
5-28
6-15
5-29
8-
1
7-17
75c
25c
-
—
•A 6-15
25c
50c
8-
1
7-17
6-15
5-20
20c
6-10
5-12
20c
7-
6-
1
6-22
National Discount Corp., common (quar.j—
25c
6-10
5-31
6-U
A$114
6-10
5-31
5
1
(quar.)
5%
preferred (quar.)
;
National Electric Welding Machine
•
r
8-20
9-
i
1
11-20
12-
6-17
6%
Folding
Box,
preferred B
preferred A
7-
■6-15
7-
6-15
6-
1
6-15
6-
1*
6-15
5-31
National
7%
—
& Steel
National Paper & Type, 5%
Radiator
6- 5
National Rubber
6-10
National
Standard
National
Steel Car,
1-3-44
12-24
National
Steel Corp.
7-1
6-15
preferred (s-a)
6-
Sugar Refining
National Transit Co.—
1
6-1
'
Neisner
^_^__!
Bros., (quar.)
Nestle-Le Mur, $2
class A (accum.)
6-24
7-
.A
1
6-
1
7- 1
6-
\
6-30
6-11
8-2
7-23
6-15
6-
7-
1
4
6-21
6-
5-
quar.)
,
6-19
8-16
15c
Co.
(quar.)—
7-23
10-30
1
$1(4
^
Machinery Co.—!—!
(quar.)_
Ltd. (increased
2
25c
—_.__!
National
6-15
5- 3
$1%
*
Casting——!__
Co.
9-21
5-31
f40c
f37V2c
12(4c
$1(4
National Linen Service Corp., common—25c
National Malleable
1
6-15
—
.
7
7-
8-
50c
common
1
1(1-30
2c
<?c
(quar.)-_
(quar.)—
10-
6-10
<quar.)_
common—
A, 7- 1
6-15
.
*
National Lead Co.,
6-
6-15
;
A. National Grocers, Ltd., com. (interim)—4$1.50 preference (quarterly)
;
11-20
7'
National
8-20
12-
—
Inc.
v
1Art \
National Dairy Products
7-1
Mortgage
5-15
6-15
National Cylinder Gas (quar.)
9-
25C
(interim)—_—
5-15*
6-15
6-30
$1V4
:
6-11
7-
A 7-
6-20
.7-
75c
25c
$2
25c
$134
" $6
10c
1
'i.;
6-30
$l,-4
—
6-11
•
—
Onflrtorl"
(quar.)— i.—
—
1
•>-
6-
$1(4
—.-i—
6-15
7-
;
•
50c
——
$2
.
1
6-21:.
$1
A.
1
7-
(quar.)———.
National Cash Register (quar.)
:!i._!x'„_
National Casualty Co. (Detroit) (quar.)
National City Lines, Inc., common (quar.)_
Class A (quar.)—:
—"
$3 conv. preferred (quar.)!
5-25
9-10
'"•
$1.10
6-25
7-
Service
convertible
National
A 7%
12-10
50c
60c
6-10 A
-
4
A $1
(quar.)$1(4
(irregular)' :
20c
Ltd. .(interim)——'$2c
(quar.)
National Biscuit
6-15
$1(4
A
6%
A. 6-15
6-
6-15
6-21
preferred
preferred
preferred
6%
National
1
6-19
1
$1(4
Mutual Chemical
6%
6-
7-
6-15
Quarterly
Quarterly
:!•!•• 6%
25C
5-25
6-12
15c
10c
60c
20c
$3
1
Muskegon Piston
—
6-15
1
1
V 4c
(irregular)
Mountain Producers Corp! (reduced s-a)_
Mueller Brass Co. (quar.)__
Muncie Water Works, 8% pfd. (quar.)—___
6-12
6-26 A
1
1
Quarterly
6-.1
1
1
7-
Morris Plan Industrial Society (quar.)_!____ A$1
5-21
1
7-
50c
Lynchburg & Abingdon Tel. (s-a)
Metal Products (quar.)—
3
!
•
6-21
1
7-
7-1
(Win. R.)
Moore
6-1
5-22
37 (4 c
———
(Ind.)
6-14
6-15;
-
15c
(monthly)—.—
Lyon
Mack
A 9-14
1
6-
6-30
7-
—AA '
Wheel Corp...._——
Motor
6-16
6-10
preferred (quar.)—!_^.___
Montreal
5-28
7-1
t$l34
(quar.)———J31(4c
Morgan (J. P.) & Co., Inc.'_____
$1(4-,
7%
6-15
Expioratioh
Co. (s-a).—10c
Ludlow Mfg. & Sales (reduced)
!—
tV/2
Lunkenheimer Co., 6%% preferred (quar.)—
$1.62V2
6V2% preferred (quar.)
$1.62%
6V2% preferred (qiiar.)
:
$1.62V2
M
6-12
7-
(4C A
1
6-19
7-
'
—
Molybdenum Corporation of America..———
Monroe Chemical, $3.50 preferred
(quar.)__
Montreal
6-19
6-19
7-
Mohawk Carpet
6-15
812
preferred (quar.)———1
Packing Co. (liquidating)———
Title
1
7-
1
$134
Public
Models Oil,
1
7v
preferred B
6%
Missouri
1
7-1
50c
50c
37'/2C
'
(quar.)
Common
-
3
6-25
6-30
20c
(quar.)—_—
!—__———!—
Louisville
6-16
7-
_____!
Montgomery County Trust Co.
;■—
preferred
Cement—
participating
Louisiana
6-30
1
6-10
7-
$1(4
30c
17 (4 C
participating .preferred
Lorillard
2
25c
—
12- 3
Loudon
5-28
6-12
(tiuar.)-_!_
——
(reduced)
Oil, common
:Mountain
Participating ^
—A
Lord & Taylor (quar*)74-——-—-
6-11
5%
Products
12-11
$134 *
(quar.)__________!
Participating
.
Indiana
9-11
9- 3
(quar.)_
(quar.) —
(quar,)"—
12-30
5%
-I
12- 4
25c
Long-Bell Lumber. 5%
5%
9-4
50c
(Tenn.i
commoh
Pipe,
preferred
Longhorn Portland
(s-a)_
(quar.)
preferred (quar.)
Mining & Manufacturing.—!!
Power Co., $6 pfd. (quar.i _____
preferred (quar.)
Mississippi River Power. 6% pfd. (quar.)„J
Mississippi Valley Public Service—
—
9-20
gtd.
1
7-
f40c
50c
$2
$7
6-
//A' 35C
Lone Star Cement
-
9-15 A
;
50c
6-21
Lines, 4%
4
5-21
$1(4
Mississippi
5
6-
6-11
—
Co
Match
6-15
1
I
6-
6-11
$l(/2
$1V4
Minneapolis
11- 5
t50C
—
guaranteed (quar.)
Special guaranteed (quar.)_——
Original capital
(quar.)
Original capital
(quar.)
Original capital
(quar.)
—
Joint
8- 6
,
6-15
6-10
(quar.)—.—
—;
Light & Chemical," 7% pfd!(quar.)_
Co., 6'/2% pfd. (quar.)—!_
Lion
8-16
11-15
V
5-26,
62
,
1
7-
6-
6-15
30c
^$1
_—!__——!-
preferred (s-a)
"
!—_—_*_.
& Hart, $1 prior preferred—!.
Minneapolis-Honeywell Regulator-
7-2
!:
6-21
7-
6-15
6-17
9-
8%
6-15
prior preferred
Lock
1
6-18
1
7-
$134
(s-ai
Ont.)
1
6-30
6- 5
Tube
Miller
12-15
Special
A-
5-28
6-
12-
25C;
25c
30c
,
(irregular)
Co.
Midwest
5-15
150c
Liquid Carbonic Corp., comriron (quar.
4'4% preferred A (quar.)—.
__!
—
Little Miami RR. Co., special gtd. (quar.) —
6-21
7-
Midvale
25c
Belt
Link
6-15
—
(Wash.f D. C.)
partic preferred
Lindsav
6-15
1
6-
$1
_!
9-30
Leased
8% preferred
$2 non-cum.
J50C
—
Service Corp.
Common, (quar.)
7-
1
5-31
A
common
Midland Steel Products, coinmbn
''*[
$1(4
——
(quar.)__
Nat'l Life Insurance
!. Quarterly
Lincoln
5
6-15
1
9-
6-14
.f A
(quar.)
Steel
(Port-Hope,
5
6-15
—
Casualty Insurance
6-30
Imperial Chemical Industries, Ltd.—
Ordinary shares (final)
i_
5-29
17 (4 c
:
Lily-Tulip Cup Corp. (quar.)
Lima Locomotive Works —!_
5
,
6-11
$1(4
(quaf.')___"—
6-30
•
5-20
6-5
25C
Liggett & Myers Tobacco—
77c preferred (quar.)——„____——
'
7-
;
5-29
$1(4
•
$2.50 preferred
Co.
Salt
&
Life
6-19
6-15
6-
6-30
Products (irregular)—
Mickelberry's Food Products (s-a >.,_!„
->AA
$2.40
pfd.
(quar.)___—1
Middle West Corporation (irregular)
•A Midland Grocery Co., 6% preferred (s-a) —!A*A
Midland Loan & Savings Co.—
*20C
!___ ■'
—
Fink Products Corp
&
Leslie
6-19
7-
6-30
pfd. (quar.i__
preferred (quar.i
(quar.)
(quar.)
6-21
25c
!_
Company
$1(4
$1(4
7%
$1(4
Hyde Park Breweries Assoc.—
1
50c
Illinois Bell Telephone (irregular)—$1(4
Illinois Central RR.—
;
preferred
preferred
1
preferred
7%
■
Michigan
Corp.—
Finance
6834c
7To
6-15
7-
A
1
1
50c
»1,
—
Libby-Owens-Ford Glass _!_—^
5
7-
6-18
Hussinann-Ligonier Co., 5(4%
Huttig Sash & Door, I7v
6-
25c
———
Quarterly-
Lehn
(London, Ont.)
Quarterly
6-15
6-
10% '
:
•
t$l
Bay
1
6-15
A 6-12
Lehigh Portland Cement, common (quar.)—
4%> preferred (quar.)—
4%
preferred (quar.)_.
—;
7-20
75c
(accum.)
Mining & Smelting Co., Ltd—
Humble Oil & Refining
—_____!_
Hudson
7-
A
1
10c
!_
Industrial
Salle
Le
6-15
7-30
25c
:
_____i—
Houston Oil
6-15
7-
»
6-10
6-15
v
25c
dividend)—_
(quar.)—
(quar.)_
(quar.)—
:_!__.
Co.
Leath & Co.,
5
6-15
25c
62V2c
—
1 A
11-15"
11-30
Sl^
$1%
$134
7-
$1(4
cumulative class A (quar.)———_
Landed Banking & Loan (Hamilton, Ont.)—
1
6-
1"
8-16
$l'/4
,
(quar.)—'
—
(quar.)—!—!—_:
.'!!'!.
$6 prior preferred (quat.)
„!_!_A!!__
$7 prior preferred (quar.)——i—L—
Michigan Public-Service— AAAAA!
6% preferred (quar.)__!__:
!_'.
A 6% preferred series 1940 (quar.)—i_——,
$6 junior preferred (quar.)
—
6-10
7- 1 •!
V-
■
87!4c
■
;!/ 70c
5
6-12
8
6-
6-30
$1(4
1
75c
convertible preferred (accum.)
7%
r.
6-14
6-
8'
6-
30c
$7 preferred
6-15 ; A. 5-29
$1(4
(John A.) & Sons (quar.)—
Langleys, Ltd., 7% conv. preferred (accum.) _
77o convertible preferred (accum.)-—_—
"
7-
6-
6-30
A 6-15
15c
621/2c
——
;!( $6. preferred
7-
.
62 (4c
Lang
6-5
1
5-28"
6-5'
6-30
20c
t3c
$1.3IV4
preferred (quar.)—;—$134
Metropolitan Edison, $5 preferred (quar.)—
$1(4
Machine,
Lane-Wells
1
7-
6-21
25c
1
25c A ■A
__——
(quar.)
A
5
6-
6-15
$1V2
(quar.)—
(quar.X—
Houdaille-Hershey, class A (quar.)—
6-
25c
__________
(quar.)
V 7%
.
5-18
6-
5-15'
6-21
.A! $7
43%c
4334c
4334c
5% pfd. (initial—s-a)_
5% partic. pfd.;
—
1
5-29
6-10
8-31
6-15
6-29 \
A >7-: 1
70c
•
6-18
6-15
6-
6-15
7%
Common
preferred
preferred
preferred
7%
6-30
6-25
25c
10c
;
6-
5-25
47c
(interim)—-
& Co! (s-a)
Ltd. (quar.)—
Mines,
Common
6-12
$50c
___'
Ltd.
—
6-30
6-10
-
Common
6
5-25
fl5c
Electrochemical,
Hooker
Hooks
6%
Ltd..
Shore
Landis
7-
6-15
6-11
■
5
6-21
50c
15c
——
1
25c
"
(B.)
Kuppenheimer
1
(Calif.)—
Insurance
1
25c
common——
Rubber
B.)
6-
6-30
;•
.
6-15
1
6rl0
.
Holland
(I.
6-15
6-30
common
-
5-28
50c
(quar.)
& Co.,
D.)
'6-19
6-30
;
6-19
7-15
—
'
$1(4
J25c
_____
6-18
6-15
7r 1 >
preferred (quar.)———.—!!" !$1(4
6- 1
6-11
25c
Kresge (S. S.) Co. -(quar.)!
.
5-21
6-14
40c
Kress
(S. H.) & Co., common,..._!!—__ A>t"
v
5-21
6-14
15c
6% special preferred (quar.)*.—!____—!_
50C
A 5-11
A 6-1
Kroger Grocery &. Baking, common (quar.)J- !*
6-17
$1(4 !'■ A' 7- 1
6%
1st preferred (quar.j—„„!_
7-19
8- 2
$1(4
7% 2nd preferred (quar.)!
I
:
6-15
7-
6-30
25c
(quar.)_
1
Koppers Co.,, 6%
5
7-20
25c
6-18
7-
.
preferred
Hinde & Dauch Paper Co., common—.
7-1
Service, $2.80 pfd. (quar.)_
Knight Screw Products (stock
Kobacker Stores, common!
5
12 (4 c
15c
15c
25c
(quar.)
lEmil
Kleinert
prior preferred
Hinde & Dauch
6-
50c
Corp., class A common.
preferred
6-16
6-15
(quar.)——31V4c
(quar.)
___!.
$1(4
Electric Light (irregular).
27c
5%
6-
25c
——
.
Oil
Class
common..—
(quar.)—
Monthly
,Hickok
6-15
50c
$1.25
$134
25c
25c
20c
25c
$1
$134
Corporation..—,
Bartlett
Spencer
6-21
Co.—
preferred class A
Hibbard
6-15'
6-i5
1
6-21
7-; 1
____—
2
1
1
6-19
25c
.
7-
A!
to,,
6-10
7-15
(irregular)—! !
(Chicago) (s-a)—
S3
(quar.)!——!
!_— A ' ' 29c
4i/2% preferred (quar.i—A
SIVb
514%! preferred (quar.) _!___!——_i_—
$1.31(4
Mergenthaler Linotype —__!
'
A
$1
Mesta Machine Co._-_
:
62'/2c
Metal & Thermit Corp., common (quar,)—
35c
Stores,
Mercantile
Merck &
6-18
6-30
25c
Klein
7
1
6-15
37'/2c
.
—
(irregular)
6:
1
7-
37»4c
—__
2
6-25
6-25-
6-
(quar.)__—
—__—
Gold Mines
A
Ax 6-15 A
20C
Kimberly-Clark Corp., common
—
67c- preferred (quar.)
—
Kings County Lighting—
4-;"
57c
preferred "D" (accumulative)—
6% preferred "C" (accumulative)—.
7%
preferred "B" (accumulative).^—__
Kinney Mfg. Co., $6 non-cum. preferred--—
Kingston Products Corp. (increased)-——
6-17
6-
$1(4
1'
•
1 A
6-1511
1
Merchants National Bank
County Land Company
Kern
1
30c
$1
$2
(accum.)—
.___
Gas
6-
6-15
$1.50
*3c
..
,
Corporation
7
Special
7-
25c
$l!/a
10c
(quar.)
Powder
Rubber
6-15
pre¬
(George
77c
2
1
5-20
1
7-
>
1st preferred (s-a)__
Mercantile Acceptance Corp. of Calif.—
5%
preferred (quar.)—!—.——!
5% preferred (quar.)
—
6% preferred (quar.)—.
—
A A 6% preferred (quar.)—
——
'
:
Corporation
Copper
6-
7
7-
1
common.—;
Distilleries,
Melchers
'
7-
25c
Corporation,
Meadville Telephone,
4
6-14,
6-15
6-
$1V2
Mengel Company,' 5%
$134
_—________—
Kennecott
7.
25c
Helme
Hercules
6-15
6-
$$1(4.
20c
Rubenstein, class A (quar.)——___
Hewitt
2
7-
25cs>
110c,
J5dc
—
Company,
6-
B
1
,
Helena
W.)
Class
5
6
6-28
6-
7-. 1 :!
A'$1:(4 '
—!
1
class A
Wheel,
Kelsey-Hayes
5
1
(La Crosse. Wis.)
Motor, Parts
Hein-Werner
6
7-
4334c
20^
(quar.)—
Brewing Co.
(G.)
6-
Kellogg Company
5-24
7-
7-
Co.
Hecla Mining Co.
Heilman
Kelley Island Lime & Transport
7-
(quar.)——
& Co., 7% pfd. (quar.)—
Glass
2
1
—
$4 prior pref.
Electric
6-
7-
(irregular)—
Marx
&
Hartman Tobacco,
Hawaiian
2
Keystone Steel & Wire
(quar.)
Corporation
2
9-15
.
6-15
$1(4
(Julius) & Co
Keith-Albee-Orpheum Corp—
7% convertible preferred (quar. 14.
6-19-
31(4c
$1(4
$1(4.
$l3i>
(interim)—!__
Ltd.
6-
10-1
15c
$1(4! A! 7- 1 !■A/ 6-15
Kayser
8
1
_!__
(quar.)
Hard Rock. Gold Mines.
6-
2
1
*
________
5-20
•
,50c
— —
67<
1
6-15
7-
1
6-
6-15
•
Drug
7-
—
Co.,
11-
6-
•!
1
Kaufman
6-21
-S11-15
6-
1
Mead
Co., $4.50 preferred (quar.)^___
Departmeiit Stores—
.'.i.. 5% conv. preferred (quar.)
Kaynee Company, 7% pfd. iquar. 1
Katz
1
6-15
$2.95'
;
City Power & Light—
$6 preferred B <quar.l__J__
1
6-17
7-
.
4
6-10
6-24
20c
■-
Kerr-Addison
common...
Refractories
Harbison-Walker
6-
1
6-
-
•
5-25"
6-/3*
.
Sl'/a
7% preferred ;(accum.)
..!:V 7% preferred (accum.).!—„——_
McClatchy Newspapers, 7% preferred (quar.)
7% preferred (quar.)——_—
—
77c preferred (quar.)—
McCrory Stores Corp (quar.)——————
McGraw-Hill Publishing (increased)---——
McKenzie Red Lake Gold Mines (quar.)!—_
McKesson & Robbins, 5'/2% pfd. (quar.)—!
A
:A A 6- 4
A 6- 4
7- 1
6-15
Kansas
5-15
•
6-15
6
6-10
6-10
10c
'
8-5
11-5!
11-15
A!
7 -1
•
A 50C
'
-
7-
■6-5
6-5
$1V2
Parchment Co
Vegetable
A
6-10
•75c
Semi-annual
Kalamazoo
6-10
5-281
5-29
8-14
}17J/2c
tl7V2c
preferred,
A Mastic Asphalt Corporation (quar.)
Mattiessen & Hegeler Zinc—
'
$134
;
5-27
6-7
r
■•,$1(4!- r>.
Co
;
Allegan & Grand Rapids RR. Co.—
7-19
•;
6-21
$1(4
..
——
Manufacturing
Kalamazoo
1
5-31.
6-17
.
50c
,4
:
common
5-31
2 >
30c
preferred (quar.)
1
Joslyn Mfg. & Supply, common (quar.)__—_
6% preferred (quar.)
Joy
8-
6-15
6-15
"$l,/a '
Maryland Fund, Inc.
;!_—!!!_!!!__—
6c
Masonite Corp., common (quar.ji!!——- ;v A! 25c
Massachusetts Investors Second Fund. Inc.8c
Master Electric Co. (quarterly)
35c
Mathieson Alkali Works, common—25c
■A'
7% preferred (quar.)
—'^
$134
5-31
'
Shovel,
Steam
second series (quar.)——
Martin.(Glenn L.) Co. (irregular)—————
5-31'
1
,20C
7%
'
6-15
Corp.;
!•
5-31
2 !
7-' 1
30c
common____-______
__________
fl-
2
7-
25c
1
Johns-Manville
:
5-29
6-15
$l'/4
' $1%
preferred!————
Maritime Tel. & Tel., commoh .(quar.)
—
7% preferred (quar.)
Marshall Field & Co., 6%'pfd. (quar.)— !_■
8
6-12
6-15
5%
Co., Ltd., ordinary reg. (final)———
Reserve Power, $5 pfd. (quar.i—!!
Marlon
'is 5-29'
:;A. 7-; 1 -A
1(4%
—_____.
Keystone Public
(quar.)___
common
(quar.)—
Instrument, common
57c
5-25'
6-10
•
7-
1(4%-
.
preferred, class A (quar.i
preferred class B (quar,)-
Marion
11-10
6-
7-
.
*_L__o:- 1%.%'A!
—
Laughlin Steel,
&
6-19
1
preferred
Hammond
5%
6-15
(quar.)
pfd. (accum.)
common
Paper Co.,
Jones
1
1
United Theatres, 17c
Hamilton
8
7-
A
(interim)
com.
preferred
convertible
5-24
6-
1
7-
'
Hamilton
Special
6-10
8-
!
6-10
$134
,
6-30'
1
17c
Co
B.)
(W.
6-30
(quar.i
Printing
F.)
6-15
1
7-
1.06 V4'
25c
——
—
77c
Lamp Co.
M.i
6-15
1
:
(quar.)
25c
13(4c
—
(C.
1
1
12-
tion
6-15
8-10
6%
(quar.)
________,r $
—-1—
*"
A
Jewel Tea Co., common (reduced qiiar.)___*_
Jones & Lamson Machine (quar.)
Jarvis
8*
7-
$1%
(quar.i
Hall
6-
9-
A A 50c
■
preferred
■■;4(4%
6-10
1
7-
50c
$3
—
Co.,
..
,
5-15
.,
(quar.)
1
5
6-10
7-15 A
5-29"
20c
Co.___!
&
8 v
6-12
$1'4
R.)
(P.
5-31
6-
1
7-
15c
____!__
Stores Corp., $5 pfd!'(accum.)!!—
Marconi
International Marine Communica¬
6-15 A
A. 7- 1
15c
Company
preferred A (quar.i :
7% preference B (quar.)
57c preference C (quar.)
5% preference D (quar,)*_
6
6.
6-15
$134
<quar.)_—
Gulf States Utilities, $6 preferred (quar.)—
$5V2
7-
2
6-15
1.
'
6-15
30c !
(quar.!__
common
7%
5-13
6-12
6-
AA
!_____
Co..
Mangel
Public Service Co., Ltd.—
Common
6-15
7% pfd. (quar.)
(quar.)
$6 pfd.
Co.,
7-10
6-22
(s-a)„_—._
—
Power
2
8-
No. 1 Oil Corporation—$50
Gruen Watch Co., common (quar.)———
15c
5 cio
Jaeger
Jamaica
1
t75c
(quar.)
Machine
5-12
5-28
Mallory
6-
of Re0,
6-15
&
C.)
(R.
6-
6-15
30c
Mfg.,
Mahon
1
6-15
'
25c
LJ
67c"conv. pfd. (quar.i
Irving Trust Co. (N. Y.) (quar.)
6-10
6-15
6-15
Group
Gulf
Common
6-
—
Common
6-10
6-21
J25c
t25c
$1
175c
J75c
50c
,
,
1
7-
Corp.
Fireman
Iron
6-19
:;,!;"!.'•
Greyhound Corp. (Del,); common (quar.)_„
5(4% preferred (quar.)
—_——___
Griesedieck Western Brewery Co.—
Griggs Cooper & Co.,
6-15
5-31
Greene Cananea Copper Co.—
Tap
6-30
6-30
A partic.
Greenfield
Investment Foundation
6-15
(interim)
(interim*—
Great Northern Ry. Co., preferred
Great West Saddlery, 6%
1st pfd. (quar.)—
6rio 2nd preferred (quar.)
Great Western Sugar, common (irregular)—
7% preferred (quar.)—.!___——
class
Investment Co. of America_'____
6-10
preference
$2 class B partic. preference
$2
6-19
6-15
6-15
50c
75c
62V2C
16c
15c
:_
75c
7
6-30 •!
!'
si
25c
(quar.)
1
6-30
$1(4
50c
$1(4
,
(Phila.)
5-28
Investment
7-
.
H.)
tioiaert
Ltd.-r-
Co.,
preferred
' (R.
6-15 ;
25c
—
—.____
■A 6-16
1
8-
1
6-17 !
7
7-15
■
Macy
'
6-15*
1
1
•
•
$1%
(irregular"
Gas
7-
Steel
Struct ion
When
Payable
(initial)
—-1$1!4
Co. (quar.)':____i!—— ■
.! 50c i;
Magazine Repeating Razor, common (quar.)
25c
$5 preferred
(quar.)____!_!_!—_!__—$1V4
Magma Copper Co. (reduced)
25c
Magnin (1.) St Co., common (quar.)_!___!!_A"
15c
'r
6% preferred (quar.)—_!__
$lVa
6% preferred (quar.)
$lVa
5%
6-19
,
6-
% 7-
25c
Corp.
6-12
——
Gorham Mfg. Co.—
Gosnold
Natural
Intertype
1
Goodyear Tire & Rubber, commoh—______
; $5
convertible preferred, (quar.)—.——
Gorton-Pew
Interstate
5-28
25c
$5 preferred (quar.)__
,
5-28
56 (4c
25c
common
;
7%
40c
40c
30c
—
Insurance Co.
Glen Falls
6-
$ 134
A
6-30
V
■
50c
—
pfd. (quar.)___
7%
Interstate
15c
$ll/2
(quar.)
Alden
2.
Dept. Stores, cdmmon______
preferred (quar.)____
Interstate Hosiery Mills (quar.)—
7-
$1(4
preferred (quar.)______———
Brothers, common
(initial)—
pfd.
1
*
50c
25c
Gimbel
$6
1
6-
Co._
6-15
$1V'4
$1(4
Power, $5 preferred (quar.)
(quar.)—————
—
Gilbert (A. C.) Co. (resumed)—;—— A
Gillette Safety Razor, common (irregulart—
$5
6-
2
Salt
6-15
50c
$6 preferred
.
International Silver Co.,
7-
$1(4
—
Reinsurance Corp.
Georgia
International
6-15
7-
25c
25c.
.—__
(quar.).—
(quar.)—.
preferred
6-15
6-30
$1.25
Precision Equipment Corp
General
Quarterly
6-15
6-30
1 '
:
t50c
6-30
50c
______—
(quar.)—
pfd.
General
6-16°
Mackinnon
6-19
1
7-15
!";
A 50c
6-19
1
-7-
121/2 c
—
—
Harvester; common (quar.i___
International Nickel Co. of Canada, Ltd.—
6-30
$2
25c
15c
IV2C
25c
25c
25c
$lVa
,
(initial)--
common
preferred
convertible
6%
....—
Baking Co., $8 preferred
General
Extra
7-
Per
share
A A'
•■!!•!•
v
Name of Company
of Rec.
Payable
37 (4 c
(quar.)
International
,
preferred (quar.)
!.
-_
5Vi%
preferred (quar.)—
_________
Gaylord Container, common (quar.)
__
57o
General
5
6-21
1
6-30
17Vic
10c
37V2C
fl5c,;
t$l(4
$$1.38
I2V2C
12Vic
683/4C
—
—
(quar.)
(quar.)
6%
6-
7-
2%c
■
International Cellucotton Products
5
6-15
$1(4
30c
(quar.)
Co.
Brewing
6-
6-15
2 (4c
Frankenmuth
■':
A'iv'.-A
Holders
When
share
Name of Company
of Rec.
Payable
.A
Per
Holderi
When
Per
Name of Company
June 7, 1943
FINANCIAL CHRONICLE
THE COMMERCIAL &
2106
7-1
25c
50c
f$l
75c
25c
I
6-15
7-15
6-15
1
6-15
50c
6-15
5-29
25c
6-15
5-31
100
6-15
6-
6-15
7-
6-14
7-
.7-31
11
6-
5
3
.
^Volume 157
Number 4183
THE COMMERCIAL & FINANCIAL CHRONICLE
Per
1
"J;
••
Name ot Company
Newberry (J. J.) Co.,
Newmont
Mining
Jersey Power & Light, $6
New Jersey Zinc Co._____
Newport News Shipbuilding &
Prosperity
$1V2
City Omnibus,
Class
A
*
$1.25
v
8- 2
$2Va
7-
1
(quar.)__
50c
6-25
6-11
*50c
(quar.)
'6-10
,
50c
6-
4
"
"
50c
.
(quar.)
8-16
8-2
50c
(quar.)
Norfolk & Western
Railway Co., com.
North American Co.—
11-15
6-15
5-14
$2Va
(quar.)
6-10
of N.
Common
(one
share
Electric for every
stock held) !_
6%
preferred
5% %
Prior
7%
preferred
River
20c
7-1
6-20
;
V<VVv
(quar.).---.—;
prior
Power,
Corp.
pfd.
7-26
7'/2c
_!_____!_
!_y
5%
Oil
Ohio
Seamless Tube,
Co.-——
$1.75 prior
J25c
,
T_~
$1V«
preference
(quar.)
6-11
5-29
6-15
5-29
Oliver Farm Equipment
Onedia, Ltd.,
7%
35c
6-30
6-30
Ontario Loan
&
6-15
6-15
Debenture
6-
(interim)
preferred
t$lV4
6-21
™_™_-
t25c
__
ii:
i
8-16
-?$1.75
8-16
Oppenheim Collins As Co. (irregular)—80c
•Orpheum Building Co..(irregular)—
•
20c
Otis Elevator,
common
20c
'6*30
6-10
5-20
5'/2%
'
•
7-
t$l
7- 2
40c
9-
8
.
Class
6-17
(quar.)
(Phila.)
40c
—
Corp.,
12-
1
Swift
1
11-15
Ul5/e
6-15
6-15
6-10
7"
l
6-10
8-
2
7-15
common
Pacific
7%
8-
2 *
7-15
Tamarack & Custer Cons.
(quar.)
—
7 %■ 2nd
preferred
25c
...
pfd.
(quar.)
Company,
6-15
1
Telephone
-
*7(/o
10-
1
9-15
1
6-15
Texas
1
9-15
Texas
Texon
participating
class
Robertson. (H. H.)
Rohr
(quar.),
Aircraft
A
pfd.
(quar.)
7- 1
6-19
5-10
St.
6-10
St. Louis
Tage-Hershey Tubes
Panhandle
Eastern
(quar.)
Croix
Paper
Joseph
Co.,
Lead
6%
$3 preferred
y .7-1
6-18
Thew
7-
2
6-10
6-12
6•
1
6-
IV
6-15
7-
1
6-21
6-15
5-29
7-
1
6-23
Time,
6-10
5-28
Timken
7-
1
6-15
Tip-Top Tailors, Ltd.,
12-23
50c
$3
6-15
6%
1st
6-15 ; .!/ 6-1
3%
2nd
preferred
(s-a)
3%
2nd
preferred
(s-a)
Parker
Appliance
:
30c
7-1
6-15
25c
30c
6-30
6-19
6- 5
$1
6-25
6-16
——!_——
Enterprises Consol., Inc.—
6-18
/
6-15
Shares
—
—
*
Paul
Inc.
(Peter)
(quar.)—
Peabody Coal, 6% preferred (accum.)—
.Peck, Stow & Wilcox Co. (irreg.)
_—
f$l
$$1%
6-15
•'
6-15
5-31
6-10
5-25
$1V2
6-10
5-29
15c
6-21
$4%
Tilo
v
6c
7-28
6-26
6-14
6- 1
Peninsular
50c
7- 1
6-15
50c
10- 1
9-15
50c
1-1-44
Telephone,
Common
(quar.)
$1.40
cumulative
_
Penn
—
_
cumulative
$1.40
•.
cumulative
$1.40
-
(quar.)——
common
(quar.)
class
A
class
A
class A
(quar.)
(quar.)———
__
$2.80
preferred (quar.)
Pennsylvania Glass Sand Corp.,
__
;——
_
common—
,5% .preferred (quar.)
—
Pennsylvania Power & Light, $5 pfd. (quar.)
$6 preferred (quar.)
$7 preferred (quar.)—
Pennsylvania Railroad Company (irreg.)—
Pennsylvania Salt Mfg. (irreg.)
;_—!!_
•Peoples Drug Stores (irregular)
/.Peoples Gas, Light & Coke
;
Pepeekeo Sugar Co. (irregular)
——
.
—
Circle
Perfect
Gold
Perron
Pet
Milk,
Mines,
common
4(4%
Pfizer
Company
preferred
(Charles)
Phelps
Dodge
(quar.)
—
——-
Ltd. (quar.)
(reduced quar.)—.
—
(quar.)
Co.
&
—
(quar.)
——
preferred
(quarterly)
—
Philadelphia Electric Company (irregular)—
Philadelphia Electric Power, 8% pfd. (quar.)
Philadelphia Transportation—
Participating preferred (irregular)
Philco
Corporation
•Phoenix Securities,
Pickle
Crow
—
$3
50c
$11/4
70c
25c
6-15
pfd. A (quar.)Ltd. (interim)
conv.
Gold Mines,
Pilgrim Exploration Co.
Pittsburgh, Bessemer & Lake Erie RR.—,
7-1
6-15
$1(4
$1(4
$1%
$1
$2
40c
7- 1
6-15
$1
30c
50c
t2c
.
25c
$1.06V4
35c
$1(4
$1(4
20c
50c
50c
20c
75c
t5c
10c
6-15
7- 1
<
7- 1
,
,
.yrV- 1
6-10
6- 1
5-25
6-1
<6- 1
6- 9
6-10
.
:7- 1
7- 1
6-30
7- 1
6%
.Pittsburgh
Forgings Company
Pittsburgh & Lake Erie RR.
(quar.)
(irregular)__^«
7%
Simonds
$6
6-15
7- 1
Snider
5-21
6-10
7- 1
6-15
6-30
6-15
6-30
7-15
7-15
6-17
7- 1
7- 1
Powdrell
&
Alexander,
Inc
——
Power Corp. of Canada, common
■
6%
(interim)—
preferred (quar.)
—
6% non-cum. partic, preferred (quar.)
Preferred Accident Insurance (quar.)
■
1st
6-19
Pressed Steel Car, common—
*
5%
5%
Price
East
Dome
Brothers & Co.,
Mines
&V»%
20c
25c
pfd.
—-
(quar.)_.—.
preference
Solar
Aircraft
-50c
Soss
5-28
Union
Pacific
$1
8-
1
7-20*
Union
Sugar
8-
1 V;
7-20*
Union
Trusteed
Southeastern
6-^8*
Common
6-1
6%
Co.
Corp.
Co.
"C"
Prelerred
7-
1
6-10
7-
1
6-10
6-30
6-16
United-Carr
6-15
Fund
5-29
Stock
$5
7-
7-
1
6-22
6-22
6%
10c
6-21
6-
5c
6-21
6-
7
5-15
6-30
5-14
$3c
$$134
7-
2
1
6-10
7-28
6-15
6-
5
6-15
6-
5
6-15
5-22
$$2
6-15
6-15
Merchants
^United
6-
6-11*
7-
6-10
'
6-10
1
6-
1-
6-10
6-
1
6-19
6-12
46c
6-19
6-12
6-19
6-12
6-19
6-12
6-15
6-
6-15
6-
25c
6-15
6-
1
6-15
6-
5
8-16;
7-15
30c
-
$38c
35c
1
1
3
6-24
6-
10c
6-30
5-28
$1V4
6-30
5-28
7-
(monthly)
6-11
1
6-15
7-
53c
1
7-'.
50c
58 Vac
Molasses,
&
Mfrs.,
Ltd.,
ordinary
1
6-15
50c
7-1
6-15
50C
6-10
6-10
5-25
12% %,
2 Va %
6-19
5-
7
6-19
5-
7
7-10
6-21
(s-a)__
common
(final)
—
'United New Jersey RR. & Canal Co.
United Public Utilities Corp.—
$3
/?/
.
6-
$2.50
(quar.)_
6-
5
10c
6-15
5-31
25c
7-15
6-30
5C
6-25
5-28
6-15
6-
10c
7-
$iy2
«•
1'
L,
1
6-15
'
5-25
Gypsum,
preferred
S.
Leather
common
7%
5-31
6-15
6-
50c
7-
1
6-15
—
$1%
7-
1
6-15
(quar.)__
$l34
7-
1
6-10
(quar.);
prior pref.
Quarterly
50c
9-20
8-31*
Quarterly
50c
12-20
11-30*
50c
U. S.
Playing Card Co. (quar.)
U. S. Potash Co., 6% preferred (quar.)
United States Printing & Lithograph Co.—'
(accum.)
U. S. Rubber Co., common (resumed)
8% non-cum. 1st preferred
$3
preferred class A
Steel
S.
United
Corp.,
States
common..
•
——
8-16
6.4% participating conv. pfd. A (quar.)
8-16
$5
preferred
—
(quar.)
s,—
Southern Colorado Power, 7% pfd. (accum.)
$6 1st preferred (quar.)—
!_
mvz
7-15
6-19
Universal
5-29
Upper Michigan Power & Light—
6% preferred (quar.)—
6% preferred (quar,)—_—___—__—
•
$i
6-15
,7- 1
6-15
25c
6-3(1
6-16
10c
6-30
6-16
&
preferred
(quar.)—
Wire———
Products
*
Company
_______
6%
6-19
5-20
6-14
preferred
(quar.)—
40c
6-10
5-25
7-15
7-
6-15
6-
6-15
6-
1
15c
6-15
6-
5
40c
'7-20
$iy2
6-11
$1
43 %C
8-16
non-cum.
Steel
6-15
6-28
6-25
30c
common
$20C
United
f;15v
7-1
$m
(quar.)—.—
Co.,
(quar.)
7%
6-15
Sugar Corp.—•
1
1
Tobacco
$1.50
$2
9-
S.
1
25c
9-
U.
7-
5-31*
$1.50
:
5-20
.
6-19
50c
6-15
preferred
1
Quarterly
$iya
t
5-31
6-15
20c
—
_____—
(quar.)
Co.,
6-15
683Ac
(accum.)
United States Pipe & Foundry Co.—
U.
8-16
75C
(accum.)_
preferred
Graphite Company (irregular)
S.
U<
•
1
6-15
S.
7%
6-11*
6-15
preferred
$2.75
U.
•U.
1
6-21
37%C
Phosphate Corp._—___—
6-22
25c
(quar.)
Bonus
5-12
6-15
6-21
$iy«
________
Southern
6-22
$1% /
75C
5-15
$l'/2 '
Greyhound Lines—
5-31
6-10
$1 Va
prior preferred (monthly)
prior preferred (monthly)
.United
6-28
50c
(resumed)_
7- 1
6-10
1
"
$30c
(s-a)
+$1%
1
7-
23c
5-24
______
Gas____
4
7-
30C
6.36%
1
25c
Natural
6-10
*6-
1
15c'
Illuminating Co
& Railways Co.—
prior preferred
7-
(quar.)
Southern
6-18
6-30
7-
$V/z
—
$3
50c
6-15
1
United Light
25C
7-15
6-15
6-15.
7-
——
Improvement, common
(quar.)—__
7%
6-30
6-25
10c
preferred
United
6-15
5c
—,
United
5-25
1
6-30
75c
(quar.)
5-29
5-25
1
1-
48c
5-29
6-19
6-
50c
Fund
6-19
1
6-15
47C
1
6-15
5
5
6-
V
7-
6-15
66-
7-24
2
75c
—
6-15
Gas
6-15
6-15
8-
6-
"A"__.
Fastener
9-10
11-10
6-10
;—__
United Corps., Ltd., $1.50 class A
United Elastic Corp. (quar.)
ny2c
7-1
1
6-
8-14
11-15
37V2C
United Aircraft Corp., common (irregular)—
United Aircraft Products, com. (quar.)_„__
30c
(quar.)
partic.
6-10
5-17
25C
"B"__—
Fund
(accum.)
com.
7
Inc.—
Fund
IOC
!
Power,-Ltd.,
6-
95c
62C
Power Co., $6 1st pfd. (quar.)
Canada
2
6-15
common
37j/2C
6%
.
Funds,
Bond
"
Southern
6-
20c
$ 1V4
common
(quar.)
1.
f: 6-15
$P/4
_!__
—
Bond
:
preferred
6-
$1%
i2y8c
2nd
1
6-
$5
•
Bond
2c
A
1
1
6-15
20c
:
Union
_
5
25c
.!
:
Union
40c
Co.*. common
preferred
7-
t66c
(quar.)
Union
Steel_.
Iron,
6-
50c
(quar.)
common
(quar.)
RR.
1
50c
&
5-20
1
75c
t
Southern California Edison Co., Ltd.—
6% preferred class B (quar.)____
6-^3
Mfg.,
$6 preferred
5-20
y
Ltd.
(Interim)
(Canada) —
6-
•7-
—
Union
Extra
6-10
6-19
6-19
Union Metal
(quar.)
5-10
:.
convertible
Carolina
preferred
'
(s-a)
5-25
Corp. (quar.)
Company, common
6-
preferred (s-a)
7-
5
(quar.)_
(initial)_______
6-10
(quar.)
1
XIVzC
(quar.)
6-15
6-15
1
6-
6-
Corp.
6-14
75c
6-
1
5-25
Carbon
Investment
7.6%
;
Manufacturing Co.
South
common
5-28*
Corp.___
Packing
Inc.,
Carbide &
6-10
43 V4C
1
6-15
7-
6-10
(quar.)_____
Street
Tybor Stores,
22C
(quar.)
(A. O.)
Union
preferred
Co.
Salle
6-12
*■
6-
6-10
(s-a)
37V2C
(quar)
$5c
^-4—
(quar.)
prior
pfd.
Sonotone Corp.
$"21
,
class A
6-10
6-10
6-10
Gkc
—62>/2c
(quar.)
2nd preferred (quar.)
1st preferred
Preston
——
15c
$15c
UlVa
J75c
5%
Steel
preferred
Smith
Assn.
10c
Simpson's, Ltd., 6V2% preferred
Sisco Gold Mines, Ltd. (quar.)
Skilsaw, Inc.'
Sloss-Sheffield
Union
5
'./>;/'•■
Mines,
&
6-25
La
6-15
(quar.)
Saw
6-
1
Clutch
6-15
20c
6-21
6-15
1
(quar.)
(s-a)__
25C
(quar.)
Sigma Mines, Ltd. (Quebec) (interim)
Signal Oil & Gas, class A (quar.)
B
RR.
convertible
Disc
South
$1.12
preferred
Class
208
6-12
$75c
2
7-10
6-15
(quar.)_
(Dallas)
75c
Co.
Gordon
Twin
6-15
5-31
(quar.)____
Corp
Lead
$1.50
6-15
5-31
(quar.)
convertible preferred
(F. G.)
(quar.)
Mfg.
6-15
6-15
_!!
Sherwin-Williams
6- 1
6-25
Co.
6-
4*
25c
Twentieth-Century Fox Film Corp.,
45C
______
7*
6-15
$l3/4
Greenbush
6-15
•//,
6-
50c
Coal, common
% preferred (quar.)_„—
50C
—
1
6-28
6-15
(quar.)"
common
&
Troy
25C
——
66-
35c
(quar.)
Bennington RR.
12VaC
(quar.)
6-15
1
6-15
t$l34
50C
(Del.)
&
Company,
preferred
&
7-
,
6-30
7-
10c
Truax-Traer
6-15
V
•
$1 Va
(irregular)
preferred
Steel Forging
Williams
&
$1 38
(irregular)
B
Sherritt
5-31
$2/2
Plate Glas'? Cc
75c
.Pittston Company, class A pfd.. (initial s-a)
$2!/2
.Placer Development, Ltd.
(interim)—
$25c
Plymouth Oil Co. (quar.)——25c
50c
$1%
—
Co
Co.
convertible
Sherman
9-15
6-15
Pittsburgh
1
'
.
10- 1
1
7-
Corp., class A (quar.)
Sheller
10- 1
r 5-28
75c
25c
1
v/,.7-
$2
Shattuck
.
(s-a)
Lace
7-
$ 1 Va
(quar.)....
Shamrock Oil & Gas, 6%
6-10
10-22
6-12
6-30
6-30
6-12
9-15
12-15
$ 13 4
preferred (quar.)
Inc. _____—!____.
Class
Trion
Troy
9-30
-
(quar.)
Seiberiing Rubber
$2.50
6-15
6-15
12-31
Seeman Brothers,
6-10
•
7*. 1
6-10
preferred
Serrick
1
1
8
25c
5 Vz
preferred
71o
6-15
6-15 r
6-
6-30
7-
5-28
25C
(quar.)—
514%
Trinity Universal Insurance
—
Co.
Elevators,
Transue
$1%
6-15
$1V4
Pump Co.—
1
(quar.)
(quar.)
&
1
•
6-
75c
1
(quar.)
Company
Tank
9-
'
<
5-25
5-15
7
6-15
50c
,
common
12-
7-
6-15
6-
3c
50c
9-15
__
6- 5
5-28
6-8
6-21
6-14
6-15
5-31
6-29
6-15
7-1
7-15
6-21
7- 1
6-30
6-15
Bearing
12-15
$1
(quar.)
Securities Holding Corp., Ltd.—
6%
non-cumulative
(preferred)
(irreg.)
Security Engineering, common (resumed)
'
Common
Lock
Roebuck
6%
6-10
1
35c
preferred (quar.)
Shipyards Corporation
7%
(quar.)—!
B
Securities Acceptance Corp.—
Common (reduced quar.)
6-10
611/*
C
preferred
Seaboard Oil
5-29
7- 1
7- 1
7- 1
7-
25c
(quar.)
50c
37 V2C
preferred A
Scranton
6-1
6-10
40c
Corp.—
Philadelphia Co., $6 preferred (quar.)
i'.'/ $5
6-15
6-30
6-15
68%C
(quar.)
preferred (quar.)___
(interim)
Tokheim Oil
Association-^
Power Co.—^
Co., common
preferred (quar.)
Sears
Pennsylvania Edison, $5 preferred (quar.)—
r
30c
75c
6-17
1
common
25c
•
6-15
2
7-
(quar.)—
25c
37V2c
Paper
$4
12-15
37 V2C
deb
$4.50
$1.20 preferred class A
Loan
•«»
8-15.
8-
common...
;
Schenley Distillers Corporation, common..—
5Vzr/b" preferred
(quar.)
Schiff Company, common (quar.)
Scott
Todd
6-J5
6-26
v*-««!«
1
10c
$1%.
y
...
&
Schwitzer-Cummins
5
Electric Switch—
Penney ,(J. C.) Co.
——
Pennsylvania-Dixie Cement Corp.
j
$7 conv. preferred series A
(accum.)—
Remedial
deb preferred
Schlage
2-5-44
8-
$1V2
quarterly
Elec.
deb
7%
6-15
Co.,
Roller
"Toronto
deb. preferred D (quar.).^.
7J/2%
12-15
Service
5 Vz %. preferred
11- 5
35c 2-15-44
(quar.)—
8-15
11-15
/
_____
12-15
35c
35c
(quar.)
%
87c
/
20c
convertible
Inc.
1
7-
preferred
conv.
Roofing
$1.40
.
12-23
$1V2
Quarterly
-.y- 6%
_7%
6-10
75c
$3
...
Class
Francisco
Savannah
5-31
Pend Oreille Mines & Metals Co. (interim)—
Penick & Ford, Ltd.
(quar.) _,
Common
and
Quarterly
50c
com. .(quar.)
San
A
Reduced
-
American
Paton Manufacturing Co., Ltd.,
7% preferred (quar.)_
Public
(s-a)_._—
Company—
B (Irregular)
___!
Class A and Class B (irregular
Class A and Class B {irregular)
Safety Car. Heating & Lighting (quar.)
6-15
..
7- 1
Louis
Class
-
$1.40
Company
Patino Mines &
••
L
(quar.)—--—
Company
Parker-Wolverine
■"-i
.
St.
preferred
5-25
7-15
Tidewater Associated Oil—
6-28
$3
7-15
9-
$l'/4
(quar.)__
Thompson Products, Inc.,
$5 convertible preferred
50c
(s-a)
6-19
$3c
<quar.)__:
15c
1st preferred (s-a)____
7- 1
preferred
1
5
1
75C
Co.—
25c
Co
Bridge, 6%
50c
._
J3c
;
(irregular)
common
Land
Shovel,
6-
7-
50c
Thermoid Co.,
25c
pfd.
50c
—_____
preferred
(quar.).*.
Paramount Pictures, Inc.
(quar.)
25c
25c
10c
6-18
6-15
(quar.)
—
Line—
Pipe
$5.60
pfd.____
25c
1
37V2c
———
6-19
4x/2%
1
50c
7-
50c
Co..
Corp.
Company
(Helena), class A (quar.)
Manufacturing Company
St.
$3%V.-/6-30
^;!J$1%; v:. 7- 1
6-
(quar.)
6-
7 %
Ituberoid
5-10
——
4
7-
(accum.)
6-15
$1V4
Rubinstein
.^6-19
4
5-29.
Share—
&
25c
{irregular)
common
convertible
1
6-
Corp.
&
6-15
1
6-15
Mining Co. (irreg.)
Company (quar.)
Gulf Sulphur Co.
Oil
7-
30c
(quar.)
25C
5
6-11
6-
25c
preferred
Tennessee
7-
10-
5-15
1
6-30
6-15
L
Bond
1st
$l3/4
$l3/4
(quar.)
(quar.)
Corporation (quar.)
Paper
.
5-25
7-
■•
7-
30c
——
Inc.
$ 13/4
preferred
2nd
6-15
$1%
—
6-14
6-
Tappan Stove Co
Mfg.
6-15
5-25
6-15
1
Talon,
—
(quar.)
6-15
1
6-15
37 V2C
common™
9
7- 1
preferred series B (s-a)
shares
9
il5c
V6-30
bearer
9
Russell
$3Va;
1
7-
;
6-
5-25
—
7-
37VaC
6-
6-1
Company (quar.)
(quar.)
Mfg., 7% pfd. series A (s-a)
(quar.)!
(quar.)
6-
5-25
Indemnity
5-29
10c
preferred (quar.)____________________
(James), Inc., common (quar.)_____
5%% partic. preferred (quar.)
,
1
6-10
30c
1
$2
840
6-20
6-24
Talcott
/■;;• 15c
6-20
1
68 %C
5%
—
7-
25c
$l»/4
__
(quar.)
Salesbook, class A
Paper Co.
A
1
6-30
Co.
Class
15c
(quar.)
9-16
7-
10c
Syracuse Transit Corp., common
Tacony-Palmyra Bridge Co.—
$!.'/•
(quar.)
5
75c
(quar.)
Common
6-16
12-17
Sylvanite Gold Mines (quar.)
5-21
1
&
6-
6-30
9-30
J75C
(accum.)
Common
5-31
30C
_
B
6-15
.
tl5c
(irregular)
(quar.)_
Sylvania Electric Products,
8-16
25c
(s-a)
pfd.
preferred
Mining Co.
Sutherland
6-17
'
Pacolet
convertible
5-31
12-31
(quar.)__
common
1
7-1
Pacific Mills
Corp.,
Sunset-McKee
(quar.)...
50c
preferred
common
Superior Steel Corp
50c
6-15
Oil
2
tSl'A
(quar.)__—3c
Aggregates
6-15
Sunray
7-
6-21
tquar.)_
Sunshine
1
(s-a)_„—
preferred
-/.Riverside .Silk Mills—
-
Pacific Coast
r
-
6- 5
25c
7-
6-21
—
com.
,
•.
preferred
6-30
6-21.
$1V4
7-
t50c
Electric Ry.
(quar.)
preferred (quar.)_
•Ottawa Light, Heat & Power,
5% preferred (quar.)
;
?6%
6-15
7-
Co.
5-15
6-15
7-15
10c
(quar.)
1st pfd. (quar.)
!
25C
Ritter
6-
6-25
50c
Oil
5-31
5-15
6-15
$l'/4
$1V2
Riegel
6-10
5-28
6-25
!
(Canada)
7%
7-15
.
6-15
25C
.
Sun
6-15
6-15
37 VaC
(quar.)
(quar.)
(quar.)
25c
1st
25c
preferred
37V2c
—
Steel
J$lVa
Ottawa
■■■
;/•
1
7-15
:
$5
1
1
50c
preferred
6-
5-15
60C
Strawbridge & Clothier, 5%
10-20
5-15
6-15
$1 Va
$1V2
6-11
v
1
1
6-15
$1V4
Bros.
6-10
•
6-
$1V4
Stores, 6%
Stix, Baer & Fuller™.
6-11
6-10
6-10
6-15
50c
(s-a)
common
Ltd.,
convertible
6-21
6-21
45c
preferred (quar.)
67o
1
5
7-15
2
25C
—_
(quar.)
preferred-.(quar.)
5%
;
(quar.)™_
11-
25c;;
Ohio,
Brothers,
66-
8-
'
50c
;
prior preferred
6-15
•.
5%
,
6-15
6-12
$1 Va
,
7-
$2 V2
:
1
of
'
,•
preferred class B
P.heem
5-29;;.
7- 2
50c
(quar.)_i*
__
$1.25
Rice-Stix Dry Goods, 7% 1st
7% 1st preferred (quar.).:
5-29
6-15
7-
Oil
Stedman
Slerchi
87 V2c
Jersey
6%
6-15
18%c
5-29
1
•
(quar.)
6-15*
1
'
50c
(quar.)
:___
6%
i
:
6- 4
20c
Mfg. Co
Ontario Steel Products Co., Ltd.—
7%
6-18
% 7- 1
v.
433/4C
_
(quar.)
Co
Ontario
'Common
$1
8- 2
6-15
7-
4
$ 1 Va
preferred (quar.)
5% preferred (quar.)
5-29
6-
25C
'
;
—
preferred class A
6%
6-15
$2
6-15
8-31
6-
$1.12
5%
'
6-25
Co., 5% preferred (s-a)
non-cum.
Republic
6-15
6-30
preferred (quar.)_
common__!_______:
Sugar
preferred
'V
5-22
Quarterly
Stecher-Traung Lithograph,
6-10
$1
preferred (quar,)„._—
6%
6-15
75c
$l3a
___
partic. preferred
Onomea
y
5-28
'•'
6-10
6-15
Southland Royalty Co
Standard Wholesale Phosphate & Acid Works—
6-10
1
New
preferred
5
40C
(quar.)
(quar.)
(quar.)____
Kentucky
of
;
Standard
,
of
Oil
Extra
57o
Remington-Rand, Inc., common (quar.)
H; $4'/2 preferred (quar.)
Republic Investors, Fund, Inc.—
6-10
$1%
6-18
preferred, class B
Estate Loan
.$1.60
5
6-30
1
20c
6-
6-15
7-
$1V2
6-15
6-19
Standard
.
6-10
$1
preferred (quar.)
$5% convertible prior preferred (quar.)__
•
1st
-/
-
Indiana
Standard Oil
10-
12 VaC
California™.
of
6-18
7-
10-15
5-15
$1V»
of
6-14
:>;$1V2
$1
Co., common
Oil
6-14
l;
7-13
(quar.)
Oil
$l3/4
Reliance Grain Co., Ltd., 6V2% pfd.
(accum.)
$3
conv.
America—
Mfg.
Standard
1
6-15
7-15
$1V4
Standard
.
7-
7-
8-14
35c
;___
Brands, $4.50 preferred
6-25
Regent Knitting Mills—
/•
$1.60 non-cum. preferred
(quar.)
6-10
$1V2
_
Omnibus Corp., 8%
of
(A. E.)
$5 preferred
Standard
9-20
Reliance Insurance Co.
________
6-25
50c
10-15
43%c
-
50c
preferred A
$l3/4
50C
40c
Ohio Water Service, class A
Oklahoma Gas & Elec. 6% preferred (quar.)
■)
7%
preferred (quar.)
Oklahoma Natural Gas, common (quar.)_
5-28
$ 1V4
5-11
(irregular)___
5-28
$1V4
6-10
Vv
6-30
y 6-30
%
7-1
25c
5-14
-
(accum.)
6-15
$1V2
-
6-15
5-14
6-15
$l3/4
57c
non-cum.
2nd
Real
6-> 5
-
Staley
7-15
$1V4
preferred (quar.).
4%
5-28
1
S 6-15
7- 1
7- 1
20c
—
common
7-
25c
quar.)_
prior preferred (quar.)—
preferred (quar.)—
6%
Ohio
,
(reduced
6- 5
$5
$2
9-15
Spiegel, Inc., $4Vz conv. preferred (quar.)
Squibb (E. R.) & Sons, common
6-18
Reading Company—
6-15
6-15
5-14
7-15
cum.
Extra
8%
75c'^%^6-<28::,:V;6-14!;
____
common
6-30
15c
(quar.)—;
6-15
$l3/4
•.
Raybestos-Manhattan, Inc.
Ray-O-Vac Co., common (quar.)..!—!
5-21
5-14
$1V4
Corp.
cum.
6-15;
6-10
y 6-1
6-15
(accum.)
Rath Packing
Common
•
6-30
7- 1
.
6-30
7-26
87VaC %
(quar.)
Ogden Corporation (initial)Ogilvie Flour Mills, common (quar.)
Ohio Confection, $2Va class A
(accum.)__-—
.
5-29
$12c
Co
Co.____
Ohio Finance Co.,
5-25
6-25
15c
preferred (quar.)
Norwalk Tire & Rubber, 7%
(
•Radio
6- 3
6-10
t$l'/2
common
6%
Pharmacal
£;/ 6-10
6-30
6-15
—
!
(quar.)
,!■.
$5
$1
6-21
preferred
prior
$3.50
50c
—-
1
.
preferred
Oil Co.,
6-20
7-1
25c
(quar.)!
Gas
Ontario
87Vac
_
RR.
Insurance
Natural
Sugar
6-10
7-
V2c
50c
Quaker Oats Co.r common (quar.)__
6'/o preferred (quar.)____.
Quaker State Oil Refining Corp
6-10
7-1
Corp.—
(quar.)
North
Nu-Enamel
7- 1
717/«c
________
<quar.)_
Pennsylvania
Oahu
6-2
1
1
50c
preferred (quar.).
6% preferred (quar.)
Pyrene Manufacturing Co.
•
preferred
Norwich
7-
75c
(quar.)
North
Northern
>
6-
Springfield Fire & Marine Insurance
(monthly)..
preferred
Pure
N
6-15
of Rec.
6-15
$l>/4
(Dallas) (quar.)
Spalding (A. G.) & Bros., $1.50 pfd. (irreg.)
Spencer Kellogg & Sons..
Spencer Trask Fund. Inc. (irregular)
_!__
$1V*
;:
8%
$5
5-22
1 1 J,
J
&
8c
Holders
$1V4
Southwestern Life Insurance
25c
Pullman, Inc.
Gas
100 shares of common
Finance
preferred
Northern
Pacific
(quar.)
preferred
North American
•
of
1
Payable
Railway Co. 5% non-cum. pfd
non-cumulative, preferred.—
5%
,
J.—
preferred (monthly)
preferred (quar.)
$5
.
.
Corp.
'
■
6-
37
....
11-1
J$1
___
6-15
When
share
Company
Southern
Y.)—
—
(quar.)
preferred, (quar.)
Publication Corp., common voting
(quar. >
Common non-voting (quar.)___
/.Original preferred (quar.).—
\h 1%-1st preferred (quar.)..
Puget Sound Power & Light—
5-31
6-15
5
.
(N.
"7%
■
7-
8c
Public Service Electric & Gas, $5 pfd.
6-11
6-25
r
7-15
Name oj
5-25*
(Phila.), original .stock..
7%
t
6-15
$1V|
(quar.).
Per
of Rec.
$1V4
preferred-(quar.)
6%
6-11
(quar.)
Hoiaere
*
$5
5-21
7-15
•
Service
6'fo
6-14
Payable
Common
•
6-15
$1%
preferred
rvnen
share
■
■
-stock
Quarterly
6-15
1
50c
...
Mines, Ltd.
Cashable
*;■
preferred
Public National Bank & Trust
7-15
7-
$2V2
5%
Co.,
Investing Co.
Public
50c
Corp.,
(quar)..
Class A
Noranda
■
5-20
_
Nineteen Hundred
''
6-10
$1
common
Extra
'■
6-15
6-1
(irregular)
Niagara Lower Arch Bridge
Niles-Bement-Pond Co.
'
1
Dock—
;—V!
RR.
7-
7- 1
5%
Gamble,
Public
.
Central
&
5-28
$1%
Dry
(quar.)
Name 0/ t'omponir
;•
Procter
6-10
_________
York
r
6-16
6-15
New York & Queens Electric
Light & Power—
>
Common
(irregular)
York
Per
of Rea.
6-30
(quar.)
New York & Harlem RR., common (s-a)____
10% preferred (s-a)^__
New
v
1
$1V4
(irreg.)
pfd.
-.1
New
7-
37 Vic
:__
New
ttoiaere
Payable
60c
__.
New England Telephone & Telegraph
New Haven Water Co.
(s-a)____
'[ ■ $5 preferred
When
Share
(quar.)
common
2107
6-30
6-16
75c
75c
75C
'7-1
10-
2
1
6-26
1
9-27
1-1-44
12-27
Uppressit Metal Cap, 8% pfd. (accum,) __ —
Upson-Walton Company ______
Utah Home Fire Insurance (Salt Lake C.ty).,
Utah-Idaho Sugar, 600, class A pfd. (quar.)_ '
Utah Oil Refining Company (quar.)_
Utah Power & Light $6 pfd. (accum.)
(accum.)
preferred
$7
___.
_L
Iron Works
Van
Dorn
Van
Norman
;__
:
Machine Tool
(quar.)_—_—
preferred (quar.)__l______
Veeder-Root, Inc.
—
Victor Equipment Co., $1 conv. pfd. (quar.)
Viking Pump Co. (Del.), common
—
$2.40 preferred (quar.)..—_I
_________
:
7%
Vinco
Corp..
i.^
$6 pfd. (quar.)—
Virginian Ry., common (quar.)
preferred (quar.)_.____
_____—;—
Detinning Co., common.—
-
Vulcan
$1%
$'1%
preferred (quar.)—:
7% preferred (quar.)
_
Wabasso Cotton, Ltd. (quar.).
7%
—
—
50c
20c
Wailuka Sugar
(interim).
—
" .
Waldorf System, Inc. (quar.)_:___;
Walgreen Co., common (quar.)—j.,
4 Va %
preferred (quar.)
:___
_'
Walker (H.) Gooderham & Worts, Ltd. (quar.)
'
$1 preferred (quar.)
—.*_— Walkerville Brewery (interim)—
Ltd.
Amulet Mines,
Mills
preferred (accum":
& Swasey Co. (irregular)
_______i
Brothers, class A (s-a)
B (accum.) _'
Baking
Ward
Warner
Warren
Class
$7
Co.,
-
(quar.)
Westinghouse Air Brake Co
Paper,
Whitaker
preferred
&
Willson
*25c
(quar.)
Hosiery,
Winstead
(quar.)__
common
Extra
>
10c
20c
—
$1
$1 Va
$1
i
(quar.)
Common
___
Extra
Electric
Wisconsin
Power
(quar.)_____
Michigan Power 4'/2% pfd. (quar.)
Power & Light 7% pfd. (quar.)—
Wisconsin
Wisconsin
k
common
"V
•
50c
—
)••
U.
+
+
.—
—
+
+
.
and
—
.-V
5-27
Old
11
17
Colony
$1
25c
25c
6-10
7- 1
7- 1
$134
25c
50c
$1%
7- 1
6-15
+
6-15
7-1
6-15
9-15
12-15
6- 5
9- 4
12- 4
.
:7
Truck & Coach Mtg.,
common
B
,
—
—-
preferred (quar.)
Youngstown Steel Door—
Youngstown Sheet & Tube, common
514%
preferred A (quar.)
7%
Cooperative Mercantile Institutions—
Quarterly
Quarterly
__——
;
+3,684,495
35,743
+
securities
;
Quarterly
Total
;
RR., ctf.
par)_
in
.
Co.
Canadian lunds, tax
resident tax, 7%.
15%;
87
38
banks in 101 leading cities
changes for the week
$8
—338,779
—
accrd. divs..
596,568
103,748
25,027
+
8,766
+
—139,504
191,127
—
—251,417
13,254,656
1,251,919
7,176
availability items—.
866,416
—
+105,663
+
262,792
828
+
1,600
—
+3,886,572
120,283
+
28,136,584
Total liabilities
paid in.
(Section 7)
Surplus
147,376
160,411
26,829
84,509
•
Surplus (Section 13b)
Other capital accounts
Total liabilities & cap.
accts.
+
?
36,304
+
1,209
48
+
+121,488
28,555,709
deposit &
F. R. note liabilities combined
Commitments to make indus¬
2,909
+
____
+
2,701
+ '
4
—
3,928,534
Ratio of total res. to
($100 par); $100 Boston
$9 lot
6*
.
paid in liquidation____________ $6V2 lot
.
advances
trial
76.7%
12,876
*
.1%
—
767
—
9
—
12.7%
—
Bank is now cer¬
transfers in the different countries of the
Tariff Act of 1930, the Federal Reserve
requirements of Section 522 of the
Noon
Country and Monetary Unit
.
.
,
,
..
.
.
.
:
shows the following
The citizen of tomorrow will be
trading in his house every
three
like the citizen of
yesterday did his automobile, Dr.
President
of
Technology,
predicted on May 20 in addressing
York
New
education
Davis, the
.909090
.900625
.900625
'
i':'.
.572800*
-1
> <■:
•
-■
■
•
-
:.572800*
.572800*
1
.•
"V
.301215
.205800
.900703
i
Holiday
,->■
4.035000
.051275*
4.035000
4.035000
.205800
/
.572800*
4.035000
.301215
.301215
.205800
.205800
.301215
:!
■/
.909090
.909090
.909090
.909090
.898125
.898125
.898125
.898125
3.244203
3.244203
3.244203
3.244203
3.980000
pound
.909090
.897708
3.244203
'
3.980000
3.980000
3.980000
3.980000
—
—-_—
—
,527100*
.658300*
.527100*
Holiday
.658300*
.658300*
.527100*
.658300*
—
be tremendous
the
*
-
.
1
war.
development after
Obviously allowing his
The
post-war
world
will
be
"very different from anything we
have
ever
had before," Dr. Davis
of
of bi¬ asserted, and will require greater
of pa¬ emphasis on science and engineer¬
Then he likened the post¬ ing in the educational picture.
imagination free play, he spoks
all-paper houses and even
cycles constructed entirely
per.
war
housing business to the pre¬
automobile business.
"After
also
saying:
housing as one
of the fields in which there will
-
.900625
.658300*
war
as
{
,909090
>
.527100*
.527100*
♦Nominal rate.
adult
>
.909090
r
:■
Controlled
Dr. Davis listed
>
.051275*
'
Noncontrolled.
thus quoting Dr.
.
.060586*
.060586*
.909090
,
.060586*
f
.205800
Uruguay, peso—
New York "Times" of May 21
~
"
.301215
Zealand, pound
truck," he surmised.
.t
3.228000
3.228000
.051275*
•K
'
Union of South Africa,
front door in packages on a
i
.251876*
"
.051275*
4.035000
:
.251876*
3.228000
.909090
.572800*
-HrtT—'
"What's more," said
indicated him
.
FTP?*
Davis, "the new house model
will be delivered at his prospec¬
In
<
—
England, pound sterling.'
India (British), rupee
Mexico, peso
Newfoundland, dollar—
Official
;
Dr.
tive
/. V.'
•').
'*
.297733*
.297733*
~
.900312
Henry Hudson Hotel, New
City.
>
"
$
$
x
"...
.060586*
.060586*
June 3
June 2
V
.251876*
•"
1930
New York
.297733*
Holiday
■
.251876*
.051275*
Colombia, peso
deposits-adjusted.
Commercial, industrial, and agricultural loans de¬
clined $18,000,000 in New York City and $33,000,000 at
all reporting member banks, and increased $10,000,000 in
Changes Are Forecast
:
V
-
$
$
:
Free
$533,000,000 in demand
in the
'
June 1
May 31
$
3.228000
r
banks, and an increase of
Housing
V
.297733*
.251876*
v.V
->•
Canada, dollar—
Official
principal
on
,
3.228000
pound
Free
member
conference
$
.297733*
Free
Australia,
ended May 26: Decreases of $120,-
a
UNDER TARIFF ACT OF
Buying Rate for Cable Transfers In
Value In United States Money
May 29
May 28
v
Official
deductible at the source. Non¬
a Less British income tax.
deposits credited to domestic
of
+4,488,596
—
.
in holdings of Treasury bills, $567,000,000 in
Government deposits, and $195,000,000 in
Davis,
+3,928,534
+ 218,100
224,429
Capital
$31 lot
—
of Maine
:
+ 266,865
967,582
tifying daily to the Secretary of the Treasury the buying rate for cable
world.' We give below a record for the week just passed: >
FOREIGN EXCHANGE RATES CERTIFIED BY FEDERAL RESERVE BANK TO TREASURY
•
MAY 28 TO JUNE 3, 1943, INCLUSIVE
United States
Institute
121,488
12,056.525
6,120
Total deposits
1 Pennsylvania
Argentina, peso—
statement of weekly reporting
N.
23,320
+
Foreign Exchange Rates
Member Bank Condition Statement
Stevens
+
1,689
—
216
Foreign
$ per Share
Official
Harvey
+
,
acct._
Treasurer—gen. accts..
U. S.
,
($100 par);
dep.
Brazil, cruzeiro—
years
49
—
*13,622,833
circulation.
Member bank—reserve
Wednesday,
& Co., Boston on
..
Wardner Farm Trust,
Pursuant to the
of accumulated dividends.
Vast Post-War
372,940
Capital Accounts-
dividend. ' '
not closed for this
The condition
+
28,555,709
assets
F. R. notes in act.
'
City Club deb. 4s July 1, 1945 reg.—____—___——
Massachusetts Automobile Club Trust—
.
account
23,813
111,819
+
Liabilities—
Jamaica income tax.
books
90
+
72,807
assets
3,701,861
+
38,828
premises
Other
2,245,546
5~153
—
50,027
1,535,689
Uncollected items
Bank
1,067,108
+
—
137
banks—
notes of other banks—
foreign
from
Other
6- 5
6-16
6-16
Zion's
four
36,000
+
+
(Consoi.)—
(accum.)
"
or
+
securities,
guaranteed
—
Govt,
-v.."•v.,7
STOCKS
,^v
Lunch
244,525
6,250,760
R.
F.
-
+
+ /
25
5
6-16
6-1
5-22
6-5
50c
50c
50c
(quar.)
7- 1
7- 1
Wyman
127,316
+
6,216,583
U. S.
direct and
Deposits:
5
6-19
6-10
$1%
15c
($50
+
+ 75,850
Due
'
-y
31,750
8,100
2,439,935
Total bills and
11,607
'
2,064
—
guaranteed;
Total
+ 5,674
+
476
+ 6,787
195
9
—
except
accounts,
week
Shares
+
—
./v.
510
— 1,206
+
19
533
19
567
+
+
46
Gov't
S.
U.
205
52
15,302
Bills
;
deposit accounts
demand
to
interbank
1,090
+
1,737,248
940,200
1,099,200
,
Notes
—
>
\
—
;
Bonds
852
—
25
30
—'
—
____
21,178
12,999
and
+ 4,239
+ 6,206
+ 1,862
+ 5,458
;
—
1
:
Transacted by R. L. Day
'7*2
000,000
+
—
120
3
11
13
7
5
70
—
—•.
8,728
751
June 2.
$7V2C
tax,
—
__.
Foreign banks
RR.
Wright-Hargreaves Mines
(reduced)
—
Wurlitzer (Rudolph) Co., 7% pfd. (quar.)__
tPayable
—
31,185
5,571
' * 8,325
—
1
banks
Borrowings '
6- 5
resident
—
—
Interbank deposits;
;* 6- 5
tOn
—
16.392
+
205
—
—_
direct
securities,
Govt,
S.
U.
Auction Sales
6-15
"Transfer
101
94
15
462
47
1
26
18
.—
21,088
—
74,995
191,801
—
-
:
U. S. Government depositsDomestic
21,178
discounted
Industrial advances
-
r 6-15
30%
+
—
Deferred
$ 1 Vis
xLess
:
deposits-adjusted
deposits
during
$114
Class
Banks
banks
Liabilities—
Time
623
3,074
8,489
533
2,461
,
vault
in
Demand
5-4
5-4
Yellow
:
Balances with domestic
Debits
6-7
Cab Co.
;
Reserve with Federal Reserve
Cash
+
5,465
6,880
4,189
15,741
1,818
certificates of indebtedness
securities
Other
42
49
1,332
Obligations guaranteed by U. S. Government
^
—
506
bonds
S.
33
6
—
—
1,152
■
27,209
Certificates
1,045
199
—
;
Treasury bills
Treasury
bills
Other
1,156
,
.Treasury notes
20,607,461
36,517
+
'■ ;
Gov't obli¬
gations, direct & guarant'd
Total bills discounted^
loans
Other
—
+
Secured by U. S.
carrying
purchasing or
1,279
343,088
303,313
—•
7,400
—
1,061
—
5,512
194
banks
to
Loans
6-7
A
for
loans
+
51,556
'Total reserves
industrial, and agricultural
securities
3%
Towne Mfg. Co.
173
Since
6-3-1942
5-26-1943
20,212,817
-
notes
Bills discounted:
1
+ 15,342
300
—
Real estate loans
3%
& Checker
—
9,901
loans
pref.
Class
47,068
'
Open market paper
Loans to brokers and dealers in securities
Other
!
5-27-42
5-26-43 5-19-43
.
_r__^
____
Commercial,
American
Yellow
•••"" '
'
•
.
investments—total
and
Loans
10%
,
hand and
on
due from U. S. Treasury
Redemption fund—F. R.
other cash
•
*
certificates
Gold
Increase (+) or
Decrease!—) Since
v.
Loans—total
Worthington
Yale &
,:
(
-
regis, (interim)
deposit rets
Pump & Machinery Corp.—
414% prior preferred (quar.)
414% conv. prior preferred (quar.)
10%
—
Increase or Decrease
of re¬
demand deposit
(In millions of dollars)
-
'
' !
,
5-29
6- 1
6- 1
6- 8
6-16
6-16
6-28
.1—
——
6-2-1943
Assets—
of the principal assets and liabilities
:
Assets—
7-15
6-28
Percent
; bonds
thousands of dollars)
(In
r
Other liabs., incl.
$1%
(quar.)
preferred (quar.)
1
:
Woolworth (F. W.) & Co., Ltd.—
7%
6%
"
.
•
6-15
'6-15
6-18
•
1014
Reserve Banks Combined
-
10-15
6-15
$114.
$l3/4*
30
41
—__—
—
•
'
.
7
,
10-15
$l%-j>;. 7-31
$114
$134
preferred (quar.)
_i_
—
Wood (Alan) Steel, 7% pfd. (accum.)______
6%
Woodward & Lothrop,
A summary
porting member banks, and of debits to
accounts, follows:
; "... "
7-15
11- 1
'
Corporation
Egypt Mills Club, 1st 6s, 4-1-33
Egypt Mills Club, 2nd 6s, 4-1-26
$100
$195,000,000 at all reporting member' banks, and in¬
creased $50,000,000 in the St. Louis District.
6-1
8-1
H- 1
Chelten
■/.
"■ i
Co.—
preferred (1897)
6%
,
$ per Share
:
.
and
5-27
6- 5
6- 1
6- 4
6-11
6-17.
6-17
6-10.
6-12
6-10
5-29
,
12
Deposits credited to domestic banks declined $139,000,City, $46,000,000 in the Chicago District,
6-15
5-15
6-17
7-1
6-15
6-10
7- 1
8- 1
25c
$1%
7%, preferred (quar.)
Baumer Candle
Products, Inc. (quar.)..:
Ltd.
Wilsil,
;
(Wm.),
Whitman
Will
common
Co
Motor
White
25c
$l!/4
$1
$1%
(quar.)—
(quar.)l
(quar.)_———
6-15
6-24
7- 1
7-1
7- 1
v:
Third National Bank & Trust
000 in New York
5-24
8-15
6-15
6-15
6-10
7- 2
37J/2C
Weyenberg Shoe Mfg. (s-a)
Wheeling Steel Corp., common
$5 convertible prior preferred
7%
50c
t20c
Instrument__„
(George) Ltd. (quar.)——
Electrical
STOCKS
1
St. Augustine Improvement Co., capital ($100 par)—
Co., Camden, N. J.____
8/11
21
Statement of Condition of the 12 Federal
6-19
6-15
22
$800
5-25
6-15
6-15
v r
/
Shares
principal decreases being $276,000,000 in New York City
and $76,000,000 in the Chicago District; the total decrease
at all reporting member banks was $567,000,000.
6-15
5-25
7-19
5-26
6-16
7- 1
$lJ/2
25c
—_
.
.
,
Philadelphia on
Lofland,
&
Barnes
by
1
$273 lot
deposits-adjusted increased $258,000,000 in
New York City, $146,000,000 in the Chicago District, and
$533,000,000 at all reporting member banks. United
States Government deposits declined in all districts, the
;
.
preferred
•
.
Transacted
Demand
5-15
5-15
5-14
5-14
6-15
5-11
?
6-15
7- 1
7- 1
7- 1
6-22
8-31
7- 1
7- 1
25c
15c
Virginia Pulp & Paper.—____
West Virginia Water Service—
Weston
■
$l3/4
preferred (quar.)
Oil & Snowdrift
Wesson
West
6-12
6-15
6-15
6-15
6-29
6-15
6-30
6-10
8- 2
6-10
6-25
25c
Welch Grape Juice Co., common..——_
Weston
,
50c
$1.50
50c
Wayne
$6
.
25c
,
Water Power,
Knitting Mills, common
;
6%
preferred (s-a)—
—-—-—
Wayne Pump Co._
—_______
Washington
7%
25c
40c
$1%
t$l
J25C
J5c
50c
,75c
$26 lot
20-20lA
Wednesday, June 2.
and
City and $13,000,000 at all reporting member banks,
declined $23,000,000 in the San Francisco District.
6-10 +
7- 1^ 6-18;i.
J 15c
67V2C
$1%
■■!'
25c
$6 pfd. (quar.)__
$l]/2
(S. D.) Co.____
Warren
-
t$l
(quar.)_w
Wagner Electric Co.
Wamsutta
reporting member banks.
Holdings of Treasury notes
declined $52,000,000 in New York City and $11,000,000 at
all reporting member banks, and increased $34,000,000
in the Cleveland District.
Holdings of United States
Government bonds increased $44,000,000 in New York
6- 1
6- 1
6- 5
6-21
6-1
6-24
6-18
8- 2 y 7-17
6-21
6-10
9-20
9-0
7-20
7-10
10-20
10- 9
7- 1
6-1
6-21
6- 2
6-10
6- 3
$lVa
Common
Waite
6-15
6-15
6-15
6-15
6-15
50c
25c
50c
60c
15c
$1%
62V2C
37'/2C
Sl'/a
Virginia Electric & Power,
6%
City, $36,000,000 in the St. Louis District, $20,000,000 in the Kansas City District, and $120,000,000 at all
York
6-21
5-25
6-10.;,
0- 1
9- 1
12- 1
6- 1
6- 5
25c ,
6-21
$1-75
6-10
$1.75V 9-10
$1.75
12-10
— t..
Vapor Car Heating, 7% pfd.
7%
preferred (quar.)..
20
declined $90,000,000 in New
Holdings of Treasury bills
253
($300 par)_^—
Compania Minera del Andaqueda ($1 par)—
Massachusetts Real Estate Co. ($50 par)__i—7™:__~i '
Mutual Pharmacal Co., 8% pfd. ($10 par); 72V2 Mutual
Pharmacal
Co.,
common
($10 par); 50 Kerr Lake
Mines, stamped $10 paid ($1 par); 5 Quincy Market
Cold Storage & Warehouse Co., common
;
'71
:
($25
Co.
Insurance
Boston Athenaeum
1
1
,100
•
1
Craftsman
16
•
'
$ per share
par)___i_'___—'6 <
STOCKS
Shares
declined $47,000,000,
purchasing or carrying securities
both, largely in New York City. .. j
6-21
9-21
12-24
6- 1
62V2C / 7- 1
62J/2C
10- 1
62 Vic 1-3-44
$ 1V4
6-15
$92
7- 1
$1
7- 1
50c
6-10
prior
in isecurities declined
ers
S2v- 6-11
• 6- 1
20e
6-15
6- 5*
5., /
$1
6-15
, 6-10 .
"
15c
' 6-30 ' . 6-21' *10c
6-15
5-31
$1%
7-1
6-1
$1%
7-1
6-1
preferred (quar.)
,___—
5% prior preferred (quar.)
____
5% prior preferred (quar.)__
Utility Equities, $5.50 prior stock (accum.) _
Valvoline Oil, 8% preferred (accum.)——
Van Camp Milk Co., $4 preferred (quar.)
5%
oj Rea,
.
Co.—
Knitting
Utica
Payable
Loans to brokers and deal¬
$42,000,000 and other loans for
the San Francisco District.
Holdert
When
Per
thare
Name ot Company
Monday, June 7, 1943
FINANCIAL CHRONICLE
THE COMMERCIAL &
2108
a
can
new
house
has
served its
addition
to
of
ultra-high
frequency
radio
in three or four years
transmission and of plastics and
knock it down and get
light metals.
Light metals may
one," he declared.
purpose
you
a
housing,
Dr.
Davis saw tremendous develop¬
ments in civilian use of aviation,
In
revolutionize domestic transporta¬
he
tion,
declared,
hundred times
will
be
as
saying
"one
much aluminum
produced than ever
be¬
fore."
"We have to train
and
women
tend this
and
the
to
enough
maintain and
men
ex¬
civilization," he asserted
suggested that the instinct Of
distrust tradition
scientist to
might be a good rule for attack¬
ing the ethical and moral prob¬
lems of the post-war world.
Volume
157
Number 4183
THE COMMERCIAL & FINANCIAL CHRONICLE
2109
Resolutions Adopted By U. S. Chamber Of Com. WLB Takes Initial Action As To
On Waiy Civilian Economy And Post-War Period
Resolutions
covering problems relating to the
the civilian
war,
war-time economy, and the post-war
period were adopted at the re¬
cent annual meeting of the Chamber of Commerce of
the United
States in New York City.
A general
declaration,, titled "United for
Victory," declared that the first and unalterable purpose of our people
is to win the
war, that amid the gravity of the situation there is reason
for pride in the achievements of-^
-
American enterprise as shown by
production of war materials at a
monetary
standard
to
imperative demand for leadership
of high character, and that the
war will be won
through the de¬
termination, the sacrifice and the
will
to} victory
of
135,000,000
post-war
Americans.
V
•
From the Chamber's May 1 is¬
sue of its
"Washington Review,"
take
we
of
following
"The
the
American
system
of free
enterprise. Concern
was expressed
might be the
basis for attempts to establish a
new
form of economy.
It was
that
controls
war
declared
that
continue
time
Congress
should
policy of placing a
its
limit
on
war
and
controls
that it should make clear the
tention to
soon
possible
as
all
remove
in¬
controls
when
"Opposition
was
by
the
peace
is
expressed to
Government
"With respect to Federal regu¬
lation of
business, it was declared
that any new legislation should
be clearly limited to businesses
engaged in or directly affecting
It
commerce.
was
stated that the expansion of ideas
as to
what constitutes or affects
interstate
comes
commerce
within
became
a
] and
Federal
power
thus
has
to the freedom
menace
of the people.
"In a
declaration
,
on
V
national
policy, it was maintained
experience during the war
power
that
has confirmed the Chamber's po¬
that
sition
private capital, pro¬
perly regulated because it is de¬
voted to a public service, is best
capable of supplying a progressive
development in
the generation
electric
of
distribution
and
>.;?;■ ••<!■
for
cur-
declared
was
the post-war
,;X[^y-:;•>{■.]>; V
"Several resolutions
promotion
dealt
of
en¬
in keeping with the growth
of the country and the needs' of
the public.
"Another resolution stated that
ergy
with
various
regarding other
lutions approved by the Chamber
appeared in these columns of JVIay
6, page 1689.
>
r
Any
revenues should
sought from income taxes
additional
not be
a
sales tax. ;;,V
including
•'<.
"Reductions in non-war expen¬
ditures
were
advocated at every
possible point.
Johnston Reelected
Commerce Group
"Repeal of the present war con¬
renegotiation statute was de¬
manded.
It was held that the
renegotiation of prices is a Procurement problem and that the
recapture of excessive profits al¬
ready realized is a problem of
taxation.
Chamber
elected
at
the
planning
Head
of
Commerce
annual
meeting at
war
contracts and toward
the
disposition of surplus war prop¬
erties through a new liquidation
Vice-Presidents
William
—
of
an
sub-sianctard
under
wages
line"
the
K.
The
Chamber
states
that
the
board of directors at its last meet¬
ing
:
against
to correct
inflation.
It
A survey
bor
by the Bureau of La¬
Statistics,
the
opinion
appor¬
employ¬
Engineering
granted
said,
showed that average earnings of
Everbest employees in fourteen
occupations ranged from 35 cents
to 72.3, cents an hour, with an
an average wage
an
increase
hour, to be
tioned among 68 factory
ees
of the Everbest
from
United Press
Washington
-
overall
'•£
38.4
the
which
Electrical, Radio and
of
America,
of Industrial OrganzaWorkers
affiliate.consider
The
negotiators
elimination
of
cents
small
"In
in¬
the
lies
will
-
of
the
board for final
approval.
affected,
tration's
all
determination
back the cost of
five
to
living.".
,
to
in
seven
the
fact
a
wage
that
comparable
increase
living,
the
increase
establishments
or
explained that there were
types of problem which the
board
will
face
in
dealing
sub-standard rates.
Cases
in
2.
Cases,
job
sub-standard but
by
ations
por¬
of
group
not
are
only
also charac¬
are
unusually wide vari¬
which
bear
relation
no
to
to
members elected
are-r-
note.
same
labor
markets."
It
does
not
values
and
which
constitute
al¬
adjustments, he said, to cor¬
rect
"inequalities"—which were
permitted by a Presidential Ex¬
ecutive Order issued last October.
time
accounts
at
further stated:
Byrnes said any adjust¬
(May 12)
"Mr.
ments to aid in prosecution
war
correct
or
except where
living
to elmin-
give effect to
Steel" formula, "are
"Little
to bring the wages
the
not
of the worker
the
above
of
conditions
to
or
affected
Change
minimum
of
going rates for comparable
work in comparable plants or es¬
tablishments
the
in
same
reaffirmed
the
recently received by Carl Marks
"Little Steel" wage formula and
Co., Inc., New York, from their also made clear that any wage
correspondents in Buenos Aires, changes which might furnish the
and was made available by the basis for increasing price ceilings
&
on
May 19:
"Decree-Law No. 4.791
6th
Oficial,"
October),
mines that the milreis
as
("Diario
deter¬
as
from
the
ber, 1942, by the
symbol of which
1st
Novem¬
'Cruzeiro'
is
CR$.
the
The
value of the Cruzeiro will be the
same
as
the
not
the unit
of Brazilian currency is to be sub¬
stituted
production costs could become
effective only with his approval
or
■:
milreis, but will be
the
WLB's
From
from
alone.
United
Washington
May
-Concerning the May
WLB
to
from
substituted
and
by
the
new,
12 direc¬
Byrnes, which
Di¬
re¬
is
obviously
a
necessary
possess
if
it is to be able,
circulate
in¬
However,
all
with a fair meas¬
ure of justice, to cushion the im¬
pact of rising living costs upon
amounts and references to money
the lowest bracket of wage earn¬
currencies
discriminately.
be
as
will
in Cruzeiros
from Nov. 1, 1942."
expressed
ers
to
policies in
000 for
excess
who
are
absorb
the
sub¬
a
has
"issued
of $122,000,000,-
protection against possible
damage to property, real and
per¬
sonal,
that
securities
and
money
might result from long
bombings,"
Jesse H. Jones,
merce,
in
29 from
where possible
its functions, it in¬
insurance industry to
the
work
out
would
and
be
agree
what
upon
reasonable and
such protection.
a
for
fair
A
adopted and 534 fire in¬
was
surance
companies took a partici¬
pation of 10% of the total risk and
to
as
losses
This applies both
and
profits, with a
exceeding $20,profits to accrue
to the insurance companies. Later
the casualty companies joined in
limitation
of not
000,000 losses
or
the enterprise.
"By this procedure regular in¬
agents
surance
write
the
insur¬
the insurance
companies
keep the records on an estimated
cost basis, so that the
company is
ance,
operated with
minimum of
a
ex¬
and without drawing upon
manpower
that
would
be
pense
the
necessary in a
big way if the gov¬
ernment had undertaken to write
the insurance direct.
form
insurance
of
dollar, in the
insurance
company in¬
in; government bonds,
is actively at work to help pro¬
vestments
vide
the
i
materials
of
The
war.
insurance companies must; main¬
tain substantial
met
funds out
reserve
of which losses
claims
or
can
be
as
"Now,
in
time
of
these
war,
funds are largely invested in gov¬
Last year, in¬
ernment securities.
companies in
surance
States
increased
large
the
their
investment
in
United
already
government
bonds by $3,000,000,000.
Their in¬
vestments this year will also make
a
staggering total.
And here, let
;
urge you to make your per¬
sonal ihvestment this year in gov¬
ernment bonds as large" as possi¬
me
ble.
That
is
one
way
everyone
help in winning the
"As policyholders, you
can
satisfaction
in
the fact
dollars
double-duty.
While
war.
can
that
take
your
are
doing
serving
to
protect
you against possible losses
fires, accidents, ill health,
etc., and to provide your families
from
and
loved
they
are,
to
with
security,
large extent, being
ones
a
loaned to your government, which
is under its greatest test, both fi¬
nancial
and
otherwise;
since
its
birth."
range en¬
employees least able
increasing prices."
indicated by
was
Secretary of Com¬
radio address
a
on
April
Washington to the special
insurance
session
of
the
War
April War Spending ;
$280 Million Daily
War expenditures by the U.
S.
Chamber of
Government during the month of
Commerce meeting in New York.
April amounted to $7,290,000,000,
an increase of
$178,000,000, or 3%,
over March, the
War Production
Board announced on May 13.
In
Council
of the U. S.
making
Secretary
Economic
for the Board to
Corporation,
Corporation
nance
hear
we
Board, said in his opinion:
"This
power
that
effect
sidiary of the Reconstruction Fi¬
27
100
of the
the
to
and
known
Jones
much
operation
rector James F.
with
usiiig
out
insurance
Advices
War Damage
advices
Press
affirmed the Board's authority to
centavos, or
grant wage increases to correct
cents, instead of 1.000 reis.
sub-standards
of
living,
Dr.
"Present
currency
in circula¬
tion will be gradually withdrawn George W. Taylor, vice-chairman
into
Row Over $122 Billion
In
quote:
tive
War Damage Insurance
emy
following information from market."
Rio de Janeiro Nov. 1, 1942, was
His
directive
much
line
labor
The
firm
15, page 1385.
of the
inequities,
gross
necessary
sub-standard
ate
that
the
Brazil Currency
issue of April
our
low
Associated Press
that
In
industry
carry
during
new
needed.
they arise.
In time of
a
wage structure
inherent with peace, these funds flow into chan¬
nels
of useful
activity for the
inequalities.
loans
and
invest¬
In addition to the wage question community,
ments. They help build
in the Everbest case, the board
homes,
schools
and
roll ordered continuation of a unionhighways; provide
securitv clause in the new con¬ transportation and power.
:
job
Mr, Byrnes said in a statement tract, that the new starting rate
the Convention, se¬
he** had
made
clear
the
Harriman, of Bos¬ that
be increased from 35 to 40 centsBoard's authority "to make wage ' an
ton, a director-at-large.
hour, *md that new employees
Delegates to the meeting elected adjustments within the existing receive 45 cents an hour after a
19
members
to
fill ; vacancies price structure and within exist¬
thirty-day trial period.
caused on the Board by expiration ing levels of production for the
Industry members of the board
of terms. Five of them are new purpose
dissented from the union-security
of
stabilizing
wage
to the board. Fourteen were re¬ schedules for recognized categor¬
provision.
elected.
ies
of employments in; various
The April 8 order appeared in
old
private
"Your
one,
of the rates
some
inter-related
an
a
if
the practices of the RFC in
subnormal.
are
classifications
terized
only
'
in the present
as
in which all or'
within
with
;}}} :;;
which
tion of the rates
":
in
industry," Dr. Taylor
:'..V
area
said.
1.
be
billion dol¬
one
stock
the RFC 90%.
relation to
not
two*
should
plan
plants in the same area
produced
incandescent
in
He
capital
charge
importance of this comparison
the
lars
those
-
crea¬
Corporation, and authorized
it to subscribe to
other
below
(provided it is properly
allocated among the various oc¬
cupations) serve to create any in¬
equalities as between the com¬
pany's rates and those prevailing
Of the
but
hour
an
cents
to correct sub-standards of
between^ jobs
in the
wage scale and must avoid
establishment of inequalities be¬
job rates in the plant
and
comparable rates in other
plants.
*
,<
1.6
were
that
also
lamps.
equalities
the
rates
paid for like jobs in
same
tween
"Congress authorized the
^
tion of War Damage
Corporation
the
Reconstruction
Fi¬
within
vited
cents.
showed
survey
Everbest
"Under the order the apportion¬
ment is to be based on
negotia¬
tions between the company and
United
average of 42.3
The
re¬
lected Henry, I.
The
pro¬
such protection.
nance
the<S>
Jackson, Boston, Vice-President,
United Fruit Co.; Carl D. Brorein, are women. The company manu¬
Tampa, Fla., President, Peninsular factures incandescent lamps."
The May 12
directive of Mr.
Telephone Co.; Roy C. Ingersoll,
Chicago, President, Ingersoll Steel Byrnes was formulated in re¬
and Disc Division, Borg-Warner sponse to demands by the WLB
Corp.; Bernard F. McLain, Dallas, for clarification of the policies to
Texas, Secretary-Treasurer, Hart be pursued by the Board in in¬
Furniture Co.; Albert C. Mattei, terpreting
President Roosevelt's
San Francisco, President, Hono¬
hold-the-line orq|er of April 8
lulu
Oil
Co.; Philip Pillsbury, against inflation. The Board had
Minneapolis, President, Pillsbury told Director Byrnes that the or¬
Flour Milling Co.
der was unworkable unless clari¬
v
:
Treasurer—Ellsworth C. Alvord, fied "within the frame-work of
a
realistic
and
effective
Washington, D. C.
\ <
wage
General Manager—Ralph Brad¬ stabilization program which is in
full harmony with the Adminis¬
ford, Washington, D. C.
international (CR$)
production costs.
or
amended executive order to "hold
employees
must
^"Provision
prices
follows:
increase,
Johnston, which is retroactive to Oct. 1,
1942, must be referred back to the
*■■■::'v/
Spokane.
President, undertook to
protection for its citizens
against damage by enemy bomb¬
ings, and set aside $100,000,000 for
inequities," provided; such adjustments
gross
May 27 the War Labor Board issued its first order
"Application
York held April 27-29,
President — Eric
A.
in
accordance with the dispositions
favored.
of the Ministry of Finance, but
"Immediate preparations were
for the time being the new and the
urged for equitable termination
vof
increase
On
must
tjhe Waldorf-Astoria Hotel in New
sub-divided
of public
works was recommended. Public
construction
through
contracts
with
private
enterprise
was
"Advance
correct
or
tions
The list of officers of the United
States
.
tract
not
do
Congress
highest
but from other sources,
war
Machine
sounded the
level possible
without impediment to maximum
war production and without depri¬
vation of the means for post-war
conversion of plants and facilities.
the
at
the
porting this said:
reso¬
Finance
•
of
Corp, of New York.
item
Reconstruction
vide
Byrnes, as Economic Stabilization Director, issued a
May 12 clarifying the War Labor Board's authority to
make wage adjustments deemed
necessary "to aid in the prosecution
accounts
An
the
F.
cluding the: railroads
and
American merchant marine."
the
the
Corporation, with the approval of
on
of 10 cents
Frederick P. Champ, Logan, Utah;
management
and
labor should Leonard
W.
Trester,
Omaha,
work together on those things of
Nebr.; Earl O. Shreve, Schenec¬
common concern which fairly con¬
tady,, N.Y.; Ralph L. Carr, Den¬
serve their respective interests.
ver,
Colo.;
Powell C. Croner,
"A resolution on labor legisla¬
Kansas City, Mo.
tion proposed that Congress cre¬
President
Johnston, who was
ate a join committee to examine
elected for a second
term, put
the rights of employees, employers
forward, says the Chambers' an¬
and the ipublic under the opera¬
nouncement, the winning of the
tion of the Labor Relations Act,
war and the winning of peace as
the Wage-Hour Act and the Rail¬
the■!; supreme
objectives
of
a
road Labor Act.
united
American
people.
The
"A resolution on Federal taxa¬
resolutions,
it
is
pointed
out,
tion held that war taxes should
be
James
directive
branches of private enterprise, in¬
as
with private enterprise.
interstate
essential
period.
restored.
competition
be
the
summary
other resolutions adopted:
resolutions affirmed faith
some
in
the
for
rencies of the world
unmatched in history, that
this is a time for national unity in
fact and in spirit, that there is an
pace
bor
Wage Rise
Following Order On Wage Adjustment Authority
the
noted
nowadays
between
figures
that
"we
about
co¬
government
its advices it also
stated:
"The daily rate of expenditures
business," and he essayed that
averaged $280,400,000 in March, an
"one of the finest examples of this
pared to $263,400,000 in March, an
increase of 6%. The daily rate is
cooperation for the public good is
be found in the War Damage
to
He described "this
Corporation."
character
of
war
risk
insurance"
"something that the insurance
as
not afford to unwithout
government
industry could
d
e r
t
a
k
e
assistance.
too
The risks
are
entirely
too congested and too
speculative for private companies
to
large,
Mr.
Jones'
remarks
we
also quote:
"Immediately after Pearl Har¬
on
the
checks
were
26
days
in
April
on
which
cleared by the Treas-
ury.
•.
'5
■
; '
"From
July,
1940,
through
1943,
$94,900,000,000
has
April,
been
disbursed
for
war
purposes
by the U. S. Government.
r
"Expenditures by the Treasury
and
assume."
From
based
and the 27 days in March
the
Reconstruction
Corporation
for
war
and
purposes
these figures."
its
are
Finance
subsidiaries
covered by
}
the
of
Release Of Silver For War Purposes
a
civilian
essential
May
and
with the price fixed at 77.11, instead of. 50
cents
ury
uses,
Treas¬
The recommended price is that for which the
an ounce.
777; >/!■• r.'"* .V"
buys domestic silver.
The bill, a revision of a
of Directors of the
Board
Baking
Co.,
has
food consultant to Don¬
Continental
Banking and Currency Committee approved on
bill authorizing the sale of Treasury-held silver for war
The Senate
11
Voted
> v
served
as
M.
ald
Nelson, Chairman of the
Board, for the
Production
War
past
From Wash¬
months.
seven
Monday, June 7, 1943
FINANCIAL CHRONICLE
THE COMMERCIAL &
2110
in any.way, my
dwindling
or
dim¬
inishing 'enthusiasm and faith in
the victory of United Nations.
Other
Ortiz
M.
visiting bankers were J.
Monasterio, vice-presi¬
dent of the Mercantile Commerce
Trust Co. of St. Louis,
ington advices to the New York
"Journal of Commerce" we quote:
Bank
supervise all work having to do
with obtaining allocations of stra¬
tegic and critical materials for use
in food production and processing,
and with making these materials
and the machinery and supplies
fabricated for them available to
National Bank of New York, who
and
is
proposal originally offered by Senator
As Deputy Food Administrator, president, and D. L. Ballentyne,
Green (Dem., R. I.), represented'
Mr. Marshall will organize and vice-president
of
the
Chase
serves of 'silver ordinary'
in the
a
compromise between views of
New
the so-called silver bloc and
England Senators who have
sought release of Treasury silver
at 50 cents an ounce for manu¬
facturing purposes.
The following regarding the bill
reported in Associated Press
Washington advices of May 11: !
was
approved
Under the measure as
Treasury could, upon War
Production
Board recommenda¬
the
tion,
lease for domestic
for a period not longer
sell
supply figure
"We
the
after
months
six
war*
to that
the war
further
would
effort; the Treasury would be re¬
quired to maintain at all times
"the ownership
and possession"
of
amount of silver of a mone¬
an
equal
value
all
of
amount
outstanding
silver
;,77;'/'7.- :
legislation
this
of
Enactment
urged on April 28 by Richard
J. Lund, Director of the Miscella¬
neous
Minerals Division of the
was
Production
in
who
Board,
testifying before the Senate Bank¬
ing and Currency Committee on
the Green bill, permitting the sale
of so-called Treasury "free" sil¬
ver at 50 cents an ounce, said he
feared
"an acute supply
situa¬
tion" unless the Treasury is au¬
thorized
Mr.
release
to
for
silver
of
some
the
work.
war
appeared before the
Committee on behalf of
Donld
M.
Chairman of
Board, who
had indicated his approval of the
legislation in previous letters to
the group. Mr. Lund said that if
the price of the silver to be re¬
leased under the proposed legis¬
the
Nelson,
Production
War
lation
71.11 cents instead of 50
was
WPB
the
cents
would
not
object
although the "lower price will
naturally encourage broader util¬
ization of silver in the
A
bill
ment
to
silver
facture
of
war
71.11
introduced
on
April 26 by Senator
Under
Nev.).
the
Government
sufficient
silver
to
certificates it issues.
his
testimony
lows;.
"Estimated industrial consump¬
tion of silver in 1942 amounted to
about 48,000,000 ounces for essen¬
tial uses and 73,000,000 ounces for
non-essential
121,000,000
of
total
uses—a
At the end of
ounces.
estimated
consumption
for essential uses was running at
the rate of 100,000,000 ounces per
year.'
77/
year
"For
1943,
we
now
estimate
consumption for essential
139,000,000
000,000
ounces
ounces
uses,
at
and about 30,-
for
non-essential
This estimate does not take
uses.
into
account
potential
demands
which might possibly consume an
additional 40,000,000 to 50,000,000
In
ounces.
very
addition, there are
foreign require¬
coinage and industrial
substantial
ments
for
use, estimates of which
are
neces¬
sarily difficult to
secure but indi¬
cations point at present to a total
of
40,000,000 to 50,000,000
ounces.
Total requirements would
appear,
therefore, to be a minimum of
210,000,000
tial
of
ounces
260,000,000
"Supplies in 1943
with
a
poten¬
ounces.
are
now
esti¬
mated at
tic
45,000,000 ounces domes¬
production, 70.000,000 ounces
imports,
ounces.
duction
us."
to
or
a
total
of
115,000,000
Estimated secondary pro¬
from scrap, plus Metals
Reserve Company stocks and
re-
ultimate
Marshall
Ending
Silver Buying Program
The
House
registered
its
By
a
the House insisted
and
Office
an
the
which
work
for¬
by several
on
of
or¬
divisions^! the War
Food Administration and the De¬
partment
Mr.
of
representative
is
any
ture in the 1944 fiscal year
in con¬
nection'with the provisions of the
1934
and
Acts.
'
,
The vote
Representative
111.)
ment and
motion of
Ludlow
from
recede
to
a
on
the
(Dem.,
amend¬
with Senate
concur
ac¬
in
tion
eliminating it from
$1,000,000,000 supply bill.
With
to
the
to
agree
Senate
sent
refusal
this,
change,
back
to
The
agreement
and
the
another
bill
was
Com¬
other
point of dis¬
in the amount of
was
for the Treasury's Foreign
Control.
By a roll-call
money
Funds
vote of 195 to
fused
7
of the House
Conference
a
the
to
144, the House
in
concur
allocation
of
the
$3,800,000
re¬
Senate's
this
for
agency, yvhich was $700,000 above
the amount the House had ap¬
proved for the work.'.
Regarding the silver
Associated
Press
Washington ad¬
At the present
time, under acts
vices said:
Treasury
silver
1934
and
purchases
at
price
a
and
may
eign imports at
price.
77.110
an
purchase all for¬
a
somewhat lesser
pur¬
amended
the
Treasury appropriation bill to for¬
bid
program,
the
the
Treasury using any part
funds
activities in
appropriated
connection
purchase program,
There
In
are no
with
for
the
.7/7 ;:7777,.:
funds
appropriated
for the actual purchase of silver.
The
Treasury exchanges
silver
certificates
for
silver
under
the
Coinage Act.
Mr. Ludlow, urging the House
to recede from its position, argued
that the attempted restriction on
the use of Treasury funds does not
repeal the silver purchase acts
but merely stifles the program for
represented by
also
was
Warnock, Samuel D. Yung
S.
and.Jose M. Moreno of the El Paso
National Bank and Paul H. Ander¬
M.
H.
and
son
Dougherty of the
State National Bank.
Food
and
legal
Legarreta; one by Antonio
Diaz Lombardo, president-manag¬
er
of the Banco de Transposes,
Luis
atmosphere of keen inter¬
Mexico's leading, banks and
financial institutions met
on May
3, 4 and 5 at Chihuahua City on
what is now regarded as an his¬
toric meeting, principally because
of
the
long
expected ? official
declaration made by the Secretary
of the Mexican Treasury Eduardo
will
co-ordination;
official
better
for
suggestions
valuable
with
one
lawyer Roberto Molina Pasquel on certain reforms in the
trust laws and finally the Banco
by
Comercio, which included the
de
wildly applauded resolution con¬
cerning the full co-operation of
the banks of Mexico in the war
'7■'7/7
sessions were
effort.
three
day
President of the American Bank¬
presided over by Aaron Saenz,
president of the Mexican Bank¬
ers
Association, and at the final
session
Mr.
Luis
Legarreta as
Association, W. L. Hemingway,
that,, in his opinion,, the gold
standard would prevail in world
at
3%
agricultural
indication by the
property.
The
on
ers
trade
reconstruction
siderable
flurry
caused
and
con¬
the
moved
next
yearly
held in
13 to the New York "Her¬
Tribune," it was stated:
"The
original plan for this year
equivalent of 500,new workers to essential in¬
to add the
was
000
week
over
convention will
Puebla.
forty to 48 hours all
the nation.
It was soon dis¬
from
that
covered
longer week
this matter with
ican. colleagues
it, it is stated,
dress
of
was
as
dis¬
thqinAmeiv
it carried with
danger to
Hemingway's 7 ad¬
a
grave
referred, to in
our
issue
May 6, page 1658.
The
third
item -of
importance
-
The U. S. Supreme
Although every effort is being
made
extend
to
wherever
cials
only to
must
report for
claim has been
meeting that the Mexican Govern¬
could
count
on
the
full
Court ruled
induction if his
denied by a draft
by the President on
" 'y;/ '/.7:77.7 7•/'7
Associated Press Washington ad¬
vices, in reporting this, added:
ciers of Mexico
in the present 7 "Chief Justice Stone delivered
crisis. 7/7/7.'; 7:777777:- 777:7/7 the 7 to 2 opinion, specifically in-
Hemingway, referring to
post war problems expressed him¬
self optimistically and discussing
questions and the huge
stocks of silver and gold and post
war currency plans, he stated that
"the
banking
opinion
in
the
United States is decided that gold
shall be the basis in any plan of
j volving Whitney Bowles of New¬
foundland, N. J.
and
born,
was
in
the
WMC officials had estimated
effort-for
establishment
of
the
world
re-
trade".
This last remark it is said seemed
to
alarm
the
the
bankers
and
caused
Secretary of the Treasury to
his,closing address,
refer-to it in
Of
World
this had
War
equivalent of 1,000,000 work¬
ers
to
would
taken
low
military.
"This
killed
and that
implanted within him a
to
everything
the
first
objector's case to reach the
Supreme Court during the pres¬
World
imprisonment by the
Federal .District Court for New
to
appear
fel¬
longer
working
employees,
WMC
The
has
week
hour
which
ordered the 48-
only
for
labor
have
shortages
three industries
for
basis:
wide
39
and
nation¬
a
on
areas
Steel, lumbering and
metals mining.
77
non-ferrous
Result Of
Treasury
Bill Offerings
or
for
May
28
announced
the
on
tenders for
$900,000,000,
thereabouts, of 92-day Treasury
bills
fered
the
dated
be
to
mature
on
June
May 26, were
Federal
Reserve
and
2
to
of¬
opened at
Sept 2, which
on
were
banks
on
May 28.
The details
of this issue
are
as
follows:
Total
Total
applied for—$1,320,577,000.
accepted—$904,992,000 (in¬
cludes
$61,797,000 entered on a
fixed-price basis at 99.905 and ac¬
cepted in full).
Range of accepted bids:
High—99.910 equivalent rate of
discount
approximately
7
Low—99.904
discount
0.352%
'
..
7•/••
v;;.
equivalent rate of
and
approximately
0.376% per annum.
Average—99.905 equivalent rate
of discount
(55%
approximately 0.374%
7>77;777
of the amount bid for at
the low price was accepted.)
There
ilar
War.
three years'
Jersey for failure
was
former
hours.
conscien¬
tious
ent
new
work
old
by their
over
per annum.
was
freed for
be
their
while
jobs
Half that
the labor force.
number
he
aversion
strong
a
the
per annum.
his,father was
first
^
co-operative
Justices Jackson
Reed dissented.
"Mr. Bowles said that, before
currency
limited extent to make
a
national 48-hour week would add
'■
support of the bankers and finan¬
Mr.
offi¬
used
the difference."
up
board/ and
appeal.
the resolution approved with
earnest
enthusiasm at
the. final
week
work
WMC
can be
Secretary of the Treasury Mor-
claiming exemption from military
service as a conscientious objector
was
the
possible,
expect it
now
be
May 3 that a draft registrant
on
already doing
were
others.
the City of
High Court Rules Against ,
Conscientious Objector
•
fac¬
the
work the
and that grave obstacles were
the way
of extending it to
so,
that
to
all
almost
tories that could easily
to
Mexico
work
the
increasing
by
dustry
genthau
bankers of
labor
the
May
ald
Secretary of the Treasury to appeal
the
in
made up by raising
force will be
president and Mr. Salvador Ugarte as vice-president were elected
for the coming year, when the
re-discount
yearly loans made
by the War Man¬
difference
the
and
•
The
Suarez, that the Mexican Govern¬
ment
the
by
has
country
power
Commission
because
it
would create too many problems,
in
the papers read, many
technical, finan¬
cial
War
an
ment
elim¬
W.
Among
Rediscount Farm Paper
domestic
all
of
House members, aiming at
ination of the Government
chase
the
1939,
,
City
Texas,
48-hour
the
of
entire
the
to
set aside
been
valuable in their
Mexican Gov!. To
Mexico. Mr..
in
passed
Another
W.
B.
director general
of the Banco Nacional de Mexico,
cuss
dispute,
ico
the
of
Extension
week
Richardson, manager of the Mex¬
Bankers
est
4
came
was
character, was a
Administration on the Require¬
significant and earnest study of
ments Committee of the WPB. 7
post war suggestions for Mexican
Purchase
Silver
1939
banker
designated the
ment to the
Treasury-Post Office
use of
Treasury funds for expendi¬
institution.
same
American
Agriculture.
Marshall
its amend¬
on
the
of
farms
Facilities,
consolidate
ganizational
the
on
head
merly carried
again
6
opposition to the
silver
purchase
vote of 194 to 159,
Government's
program.
May
on
users
will
Materials
House Favors
Mexican
Bernard,
For Nation Abandoned
by
Michael the quota of new workers to be
representative sought.
In Washington advices
accompanied
was
branch of the National
City Bank of New York, and a
and in processing plants.
!; 7 board member of the Mexican
To carry on these/duties, Mr. Bankers
Association. ;/ El
Paso,
the
will
of
before the
Senate Committee, Mr. Lund ex¬
plained the silver situation as fol¬
the
supplies otherwise
new
available
ounce
was
equal the face amount of the silver
In
of
than
from
met
manu¬
ounce
an
(Dem.,
retain
the
goods at not less
measure
would
Govern¬
100,000,000
for
cents
McCarran
this
to
up
of
effort."
war
the
permit
sell
to
ounces
than
an
year
possible
a
mittee.
Lund
Senate
the
face appropriation bill denying
the
to
certificates.
War
for
48,000,000 ounces
deficit of twice
that amount, particularly if the
foreign
requirements
must
be
Use would be restricted
tary
with
faced
deficit
less
not
and
United States.
which
!' "'V.
thus
are
estimated
silver held or owned by the
any
up
162,000,000 ounces.
or
purposes
than
brings the
to approximately
Treasury Department
Mo., of which Mr. Hemingway
48-Hour Work Week
was
issue
of
a
maturity of
bills
on
a
June
7
sim¬
2
in
amount of
With
$701,274,000.
respect to the
previous
week's offering of $900,000,000 of
particular significance is the
induction.
The verdict was up¬ 92-day bills dated May 26 and
Government support of agricul¬
held by the United States Circuit maturing Aug. 26, 1943, the Treas¬
argued that
tural production,. as it takes the
discard of the silver purchase pro¬
ury issued the following details on
Court at Philadelphia.
responsibility
of -the- .problem
gram will force copper mines to
•
'
•
7 •:••••••
>
"Justice Stone said that the di¬ May 24: ;
where the titles might be disputed
shut down unless a compensating
Total
rector of selective service, on be¬
applied for—$1,378,597,or local authorities, abusive. With
increase is made in the prices of
half of the ' President,
had de¬ 000.
regard thereto Eduardo Villasenor,
Total
copper, lead and zinc, produced in
nied the claim to exemption 'on
accepted — $905,310,000
the director general of the Official
combination with silver.
the ground that in fact petitioner
(included $82,364,000 entered on a
Banco de Mexico, amplifying the
A Senate Committee's rejection
conscientiously opposed to mili¬ fixed-price basis at 99.905 and ac¬
declarations of the Secretary of
of
the
amendment
withholding
tary service,; and
that he was cepted in full).
the Treasury said: "There are two
silver funds was noted in our is*
therefore not entitled to the ben¬
Range of accepted bids:
suggestions in connection with the efit of the
sue of April 22, page 1506.
77-';
High—99.910. Equivalent
/exemption prescribed
rate
re-discounting of agricultural pa¬
of discount approximately 0.352%
by the act,'- /
per.
First that the banks first
per annum.
cover 60% of. loanable capital for 7, "He said;that the ruling of the
Marshall Made Deputy
Low—99.904.
Equivalent
rate
production and second that the appeal board, which had been
Head Of War Foods
.as
erroneous,
'had of discount approximately 0.376%
interest charges to the loanees be challenged
"been superseded by the action
The
appointment of M. Lee not more than 7%."
per annum.
taken by the director on the final
Marshall as Deputy Administra¬
Concerning finances in general
Average price—99.905. Equiva¬
tor of the War Food Administra¬
appeal to the President.'
relating to the war effort, and his
lent rate of discount approximate¬
tion in charge of WFA programs recent critcism of certain U. S.
"'It is very important in rais¬
ly 0.373% per annum.
relating to supplies, machinery, policies,
Mr.
Villasenor stated: ing an army that the people called
equipment, materials and facilities "Let not anybody be under the leport for service at once,' the
(47% of the amount bid for at
used in producing and
processing delusion that the critical analysis Department of Justice contended the low price was accepted.)
food was announced on May 9 by that I have made on the conse¬ before the court, adding,
'Any
There was a maturity of a simi¬
Chester C. Davis, War Food Ad¬ quences that United States finan- other rule will simply encourage
lar issue of bills on
ministrator.
May 26 in
violation
of the draft
act
and
the next year.
Western
members
...
•
Mr.
j cial
Marshall, who is Chairman had
and
on
trade
policies
have
the Mexican market mean,
cause
delay in raising an
army.''"
amount
of
$700,206,000.
.Volume 157-
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4183
2111
Posl-War Years Offer GhaHenge & Opportniiity
For
To
Capitalism To Open New Frontiers
Change In Tax Law
Stimulate Investment Of Capital :
of
Eric. A. Johnston, President of the Chamber of Commerce of the
United States, declared on May 19 that "the adventures that open up
•
,
down the cost of
to
explore the frontiers of techno¬
advancement caused by
been
system
offered to
that
has
are
economic
our
tp
"I think that you
be
the
system
maintained,
disease
ment."
In
of
is
going
must
we
cure
unemploy¬
mass
have
of
We
"If
culture
and
the
creative capitalism is not
able to cure it, then governments
will, and governments will do for
ness
have in mind.
extravagantly what
we
might
do for ourselves better with pru¬
dence.
"I believe
that
just be¬
ginning to begin in the dynamic
development of a great United
States
there
of
are
we
America.
are
I
feel
that
frontiers to explore that
are
greater than anything that we
have ever seen before.
It is true
they
and
have
the
leaders
we
unity
leaders
of
busi¬
we are
goal that
That is the
is
useless
unless
in
as
we
have
well.
"We had frontiers of the ground
this country for thousands of
dollars
contains $41 but that
$54 in New York.
*.
/ "Food prices have skyrocketed
tributors in order to revert prices to
disgraceful heights. OPA, in so
to the level of a year ago.
far as food price control is con¬
J In Britain, he said, "using sub¬ cerned, has been a miserable fail¬
sidies and a universally enforced ure," he declared.
;
price control, they have succeeded
He
said
recent
strikes
were
in nailing the cost of
living down caused when workers "felt them¬
to
a
to'
producers
and
on
dis¬
truly stable level. For two
the cost of living in Britain
selves driven in sheer
desperation"
stupid, unrealistic
has risen less than one-half of 1 governmental
policy which freezes
per cent.. Here the cost of living their wages by arbitrary edicts
had admittedly risen more than on the one
hand, and which, on
twice
that
much
in
a
single the other hand, permits the prices
years
month."
•
because of "the
of food to rise to unconscionable
Mr. Meany said that the average
sitttng down with the
Right today we
attempting to work out a tax
program which will stimulate the
investment of risk capital after
this war is over, open up these
magnificent horizons that are all
ready to
be
explored
in
the
prime mover behind the Ex¬
change. If there were no cotton
business,
there,
would
be
no
necessity for an Exchange. Hence,
he
out
Secretary
kins said.
The
in
chief
cost
re¬
of
the
port
Secretary further explained:
the
Delay in publication of this
Per¬
reason
of
food
for
was
this rise
index
of
because
was
changes
in
noted in these columns
April 29, page 1602.
occupying it who ;;; The Office of Defense Trans¬ vance from Feb. 15 to March 15
could not develop these resources
portation on May 22 ordered a averaging 13.2% in prices of fresh
without
these
frontiers
of
the 40% cut in truck, bus and taxicab fruits
and; vegetables with in¬
crease of about 40%
mind. in cabbage,
mileage in the Eastern gasoline
"What are some of these front¬ shortage area and announced that green beans and sweet potatoes,
Cotton in the post-war world
of 18%
for white potatoes, and
iers?
One
of
the
biggest that this action was taken following
was the provocative theme of the
opens before us to cure mass un¬ lengthy consultation with the Of¬ 13% for apples.
New
York
Cotton
Exchange's
"These increases reflected heavy
employment is to raise the stand¬ fice of Price Administration and
third National Cotton Conferenceard of living of the submerged other Government agencies in an demand'' because of rationing of
Forum held on April 29V1 at the
people of America.
All econo¬ ; effort "to prevent -a breakdown in canned goods as well as shortages
Hotel Peabody in Memphis, Tenn.
mists agree that we have never essentiaJi njptori transportation in of supply flue to the cold weather.
As in the previous forums? con¬
consequence
of this
market
The reduction will be In
produced enough in the United the East."
ducted under the auspices of the
situation prices of a number of
States to provide a decent mini- effected by extending from June
New York Exchange, a represen¬
30 to July 25 the valid period for the green vegetables were brought
mum
standard of living
under
tative and highly competent group
under OPA price control on Feb.
modern conditions for all of the all current "T" gasoline rations in
of speakers appeared on the pro¬
23 and 24.
Prices of fresh fish,
the area.
people of the United States. That
gram to discuss the future of cot¬
The "stretch-out" period began which went up 8.4%, were not
will provide employment and cure
ton in those fateful days to come
of
at 12:01 a.m.,' May 24, knd the under control of the Office
mass
unemployment in America
with the close of the war.
Among
valid
period
for, third-quarter Price Administration.
for decades to come,
the speakers were: Lynn R. Ed"The preliminary estimates in¬
"We have mastered the art of "T" rations in the shortage area
minster, Vice-Chairman, United
dicate a smaller increase in food
mass production.
We must now will begin at 12:01 a.m., July 26. ;
States Tariff Commission, Wash¬
"T" coupons are allotted to op¬ prices from mid-March to midmaster the art of mass distribu¬
ington, D. C., Lamar Fleming, Jr.,
The final report for April
tion.
This is not a pious wish, it erators of all types of commercial April.
Anderson, Clayton Co., Houston;
vehicles
using will be ready in about 10 days.
is an absolute necessity.
But in transportation
Oscar Johnston, President Nation¬
"The statistics are based on ac¬
The Eastern fuel short¬
addition to this one frontier that gasoline.
al Cotton Council of America; and
tual selling prices, regardless of
I have mentioned, there are many age area embraces the 12 North¬
P. K. Norris, Principal Marketing
The Bureau of
States,
the District
of OPA ceilings.
other frontiers that open up in eastern
Specialist, Office of Foreign Agri¬
Labor Statistics report for March
the world today.
May I mention Columbia and eight counties of
cultural Relations, Dept. of Agri¬
15 -takes
into
account
recent
West Virginia.
two or three of them to you?
culture.
In addition, Major Keith
1
QDT estimated that the slash in changes in food buying because of L.
"We have only begun to explore
Morgan,
Chief
Management
the
frontiers
of chemistry and commercial vehicle mileage will rationing and other wartime mar¬ Brunch, Industrial Services Divi¬
ket
conditions,
necessitating
a sion of the War
medicine, light metals, synthetics save a net of 20,000 barrels of
Department's Bu¬
delay of several weeks in issu¬ reau of Public
and plastics.
A few weeks ago I gasoline daily.
Relations, partici¬
To
provide
additional allot¬ ing the report.
was
deep in the woods of West
pated in the program. Such points
ments of
gasoline for essential
"Rents, which are subject to as the potential utilization of cot¬
Virginia, and I spoke to the lead¬
commercial services which could Federal control in all cities cov¬ ton in a
post-war world, willing
ing chemist of a great chemical
not continue under the 40 cut, a ered
by the Bureau of Labor Sta¬ and able to work efficiently for
firm, thanking him for whaf he
bad done for the American people, priority list is now being drawn tistics reports, have varied very an increase in its standard of liv¬
and he said to me, 'Why, Mr. up by the War Production Board: little in most areas, and on the ing,
were
dramatically
high¬
The ODT further warned that
average have remained unchanged lighted. The speakers practically
Johnston, we will look back upon
the present reduction will be fol¬ since \DeCember.
Other changes ran the gamut of post-war com¬
today as only the beginning of the
lowed by a systematic "tailoring" include an increase between middevelopment of America,' and I
plications sure to make them¬
of the Certificates of War Neces¬
February and mid-March of 1.1% selves felt throughout the cotton
believe that man.
"If we want to go into the field sity of all commercial vehicle op^ for clothing, 0.8% for miscella¬ industry, including most, of the
erators in the shortage area to neous
goods and services, 0.3% for major aspects of national and in¬
Of plastics and synthetics, into the
carry the cut into the last half
housefurnishings, and 0.2% for ternational problems.
A record
field where chemists today are
of the year, i! necessary.
turn-out of cotton
fuels, electricity and ice.
people with
building with atoms like brick¬
On May 24, the ODT released
"The changes in the food index substantial
representation
from
layers used to build with bricks,
order, effective 12:01 a.m., as of March i5 will improve the every section of the Nation's great
these are some of the frontiers of an
future accuracy of the index, but Cotton Belt, is reported.
tomorrow, the frontiers that can May 27, drastically curtailing de¬
liveries ; of
such
less v essential do not affect the figures for ear¬
cure mass unemployment in a dy¬
Robert J. Murray, President of
commodities as beer, liquor and lier- months.
The
changes in¬ the New York Cotton Exchange,
namic and expanding America. <
other beverages, ice cream and volve the inclusion of seven ad¬
"But we can't do it, gentlemen,
formally opened the meeting and
flowers. Delivery of other comr ditional foods which
people are in his speech he dramatized the
unless we have a fertile field in
modities also will be limited in
buying in larger quantities,. like position of the New York Cotton
which
creative
capitalism w can
the shortage area.
hamburger^ liver and porn syrup; Exchange and its essential rela¬
grow.
We must fertilize the soil,
Subsequently, the ODT told changes in the importance of dif¬ tionship to the trade. Mr. Murray
remove the weeds. We must clear
World Discussed
.
•
.
,
.
.
.
20
the
.
after
years
He
war.
the-
pointed:
three principal and potential,
avenues
of
international
broad
economic
relationships.
Mr. Ed-
minster took the subject of what,
international trade means to the
American
cotton,
industry.
Mr.:
Norris outlined the principles
in-;
volved in the International Wheat:
Agreement
and
its
tension to cotton.
meeting
ex-i,
possible
A feature of the,
the discussion by Mr.-
was
Johnston of the potential utiliza¬
tion of cotton in the post-war
world.
Major Morgan, represent-ing the Industrial Services of the-
efforts
concentrated
to
"it is
anticipate that for
riod
after
cotton
the
upon
war.
the
war
busily
a
logical
limited pe¬
see
in filling:
engaged
substantial
shall
we
vacuums
now
be¬
ing created in civilian markets in
every nation of the World."
How¬
he added:
"these shortages
to cotton, at
best, nothing more than a tem¬
porary cushion of demand for the
ever,
and
offer
vacuums
period while immediate post-war
adjustments
ad¬
an
years, with men
.
first
of
trial
"The largest increase was in retail prices of foods, which 'went
over the month, and in^
"The
*
the
in
close
again told the indus¬
try representatives that they con¬
a major part of our indus-'
2.8%
clothing,"
the-
stituted
Living costs of city workers advanced 1.5% in the month end
ing March 15, 1943, Secretary of Labor Perkins reported on May 19.
This rise, which occurred prior to the President's April 8 "hold-theline" order, brought the level of living costs to 122.8% of the 1935-39
average, 5.9% above May, 1942, and 21.8% above January, 1941.
\
use
The first speaker was Mr. Flem¬
ing, ' who presented the question"
of
what
we
are
going to do-
Mr. Johnston said
spring
Mileage Ordered
and
in
winning the
up
Out In
business
tial note and
Living Sosts 1p Large Cities Advanced 1.5%
,
40% Truck, Bus, Taxi
cotton
conducting
that
business who in reality are
thp
Exchange.
are
United States."
said, it is the people who do"
the
Exchange
War Department, sounded a mar-,
;;
heights."
leaders of labor.
be frontiers of the mind,
but the frontier of the ground it¬
self
billion
now
we
reason
may
frontiers of the mind
'
two
the leaders of Govern¬
ment to achieve the
that
as
a
the leaders of agri¬
and
us
;
well
as
must
between
purpose
of labor
part he continued:
used
not
should.
cago and
as
subsidies
in this country.
build the foundation of
America."
it costs $48 a week to support a
family of four in Baltimore, Md.;
$51 in-Seattle, Wash., $52 in Chi¬
much
man.
States
Mr. Meany said it would be a
good. investment, in his opinion,
for the Government to spend as
ever
We must do that
just beginning to
so as to stimulate the investment
a dynamic
of risk capital, so as to form pools
will
thoroughly
agree
with
me," of capital in the future to invest
said
Mr.
Why?
To
Johnston, "that next in new enterprises.
to
We must use
war,
mass
unemployment give jobs to men.
is the most insidious, the most money and credit with the know¬
Corroding and* the most appalling ledge and the intelligence which
malady of our generation.
If has come to us, and which - we
war.
a
to say:
"We must change our tax laws
logical
We
other
living with
firm schedule backed by subsidies to
those who would be hurt by price roll-backs, according to ah Asso¬
ciated Press dispatch from Wash-3>
ington on May 29, which went on weekly pay envelope in the United
tomorrow, when at last this war is won, will surpass in challenge and
opportunity and hope, anything that has ever been offered to man
before."
Speaking at a luncheon meeting of the Bond Club of New
York, Mr. Johnston said "we are just beginning to explore the
frontiers of science, of business, of ^
invention.
We are just beginning any
Keep Costs Of Living Down
George Meany, Secretary-Treasurer of the American Federation
Labor, in a speech prepared for radio delivery, criticized the Gov¬
ernment's policy to freeze wages while allowing food prices to soar,
and urged that the United States adopt the British system and
keep
Johnston Calls For
To
who compose the cotton,
that really constitutes the
people
world
down
once
qf making
being made and
is settling'
are
strife-worn
a
world
more
to
the business
living."
a
Mr., Johnston further said that
much
significant
more
as a
part of
the long-term post-war pattern of the industry "is the disposition of
the
English-speaking
unite behind
to
about
bring
Allies
to
post-war program
a
measurable
im¬
provement in the world's standard
of living." He continued:
/
"You and I may not agree that
such
a
could, or should,
through the means of
WPA, FSA, CCC, or in¬
program
be achieved
a
world
ternational
New Peal, but we
that the end is one
greatly to be desired.
We must
further agree that any improve¬
ment in the world's standard of
must
.
agree
would
living
consequence
be of tremendous
to cotton, and that
the successful
effectuation of the
position
already
Britain
and
of
foundation
enunciated
America
as
post-war
by
the
policy
raise the consumption of
cotton to almost fantastic levels.'*
would
Financial Librarians
War Meeting June 22-24
G.
Moulton, Presi-
Brookings
Institution, Dr.
Economist^
Harold
Dr.
dent,
F.
Paul
Cadman,
Bankers
Association,
and J. H. Riddle. Economic Ad¬
American
visor,
among
Bankers Trust Co., are
the speakers who will ad¬
dress the Financial Group of
the
Special Libraries Association dur¬
ing its Wartime Conference in
New York City at the Hotel Penn¬
sylvania,
June
22-24,
according
to Mary P. McLean, Chairman of
the Financial Group and Libra¬
rian of the A. B. A.
Special Libra¬
Confer¬
is "Information for Victory."
The theme of the
ries Association Wartime
ence
The
of the Financial
emphasize those, as¬
pects which are of particular in¬
program
Group
terest
will
to
bank,
investment
and
Other financial librarians.
At the
June
22 Dr.
opening
session
on
American bus and taxicab operators that ferent foods in the index because told the audience of cotton men Cadman will speak on the sub¬
of reduced
supplies, as in the case that in reality they were the New ject of "Surveying the Financial
people must have a unity of pur¬ they must start cutting their -mile¬
pose, a unity of objective in age by 20% at once. Failure, to of canned vegetables, beef and York Cotton Exchange. He said Upheaval," and J. H. Riddle will
discuss "Plans For Currency Sta¬
reaching and preserving this crea¬ begin stretching rations now, the bananas; and increases in the that only when any one of them
given quotations from placed orders to buy or sell did J bilization." Dr. Moulton will speak
tive capitalist system which has ODT said, would leave the public weights
war production cities because
of the Exchange, function. It is this on June 23 on the subject "Postbrought a higher standard of liv¬ without essential transportation
their population growth."
participation, he explained, of the war' Economic Requirements.";,
ing, hope and contentment, than service in July.
but
the
stones.
The
2112
THE COMMERCIAL & FINANCIAL CHRONICLE
been
Sale Of War Bonds In Next Drive Will
Be
As
of
result
a
Separate For Banks And Public
the
highly
successful
Second
War
Loan
drive
brought $18,500,000,000 into the ,Treasury in three weeks,
of the Treasury Henry Morgenthau, Jr., announced on
May 27 that the method of selling bonds through volunteer sales¬
men would be "streamlined
and amplified."
As the first step, according to Mr. Morgenthau, the existing
Victory
Fund
Committees
and^
Secretary
Savings Staffs
States
ous
will
vari¬
in the
combined
be
single organization.
a
The Treas¬
announcement
Department's
ury
said:
"This consolidated
direction
will
who
Chairmen
State
organization
under the
function
will
of
'•
.
re¬
port directly to the Secretary of
the Treasury
for
sible
and will be respon¬
continuing sale of
the
Bonds through the
payroll allotment and
regular
purchase
plans.
These
State
organizations
will
also be in charge of War Loan
War
Savings
voluntary
other
concentrate
will
and
drives
amounts of
sale of increasing
the
bonds
and to
individuals
to
on
cor¬
order
"In
sale
securi¬
facilitate the
to
Government
of
issues
to commercial
ties
agents
of
institutions
separately."
Morgenthau
stated
that "we arrived at this plan af¬
Secretary
consultation
ter
of
Governors
stitute for
early this
dents
of
Banks.
Re¬
Federal
of the
the
12
Reserve
Federal
this
that
believe
I
new
arrangement makes the best pos¬
sible use of what we learned in
the
first
drives."
Loan
War
two
He added:;
"One of the chief considerations
setting up this improved plan
was to make it possible for every¬
one to concentrate on the sale of
We are al¬
individuals.
banks, mutual
savings banks, insurance compa¬
nies and Government bond deal¬
ing sold twice as many bonds to
in
Drive
Second
the
the first,
in
the
ceeded
and having ex¬
quota we set for in¬
Students Not To Be
^
„
„
Mrs.
Renegotiation | New Committee On Fair
Saved $2.5 Billion
Employment Practice
Renegotiation of contracts by
Navy Departments Created By President
the
and
War
and the Maritime
Commission be¬
March
in an esti¬
of $2,539,000,000, it
April 28, 1942, and
tween
31, 1943, has resulted
mated saving
28 by
the Office of War Information on
behalf of the three agencies.
announced
was
April
on
on
created
Roosevelt
President
May 27
a
Committee
new
ment
practices."
"It
contractors and mis¬
According
OWI's announcement, the sav¬
by
cellaneous recoveries.
Science of Catholic University
in
in
stand you
said.
why
to
the
take
"There
is
no
you
that you believe in the things
sure
the
organization
stands
willing to stand
world
know
that
them."
"The
"is
real
that
don't
•
,
in
organizations
their
be
and
members
what
to
Thus
counted.
know
never
you
are
Mrs.
Roosevelt
the
when
a
audience
stood
felt
her
made
young
of
several
joining
young
She said later that at
other
most
ideas
some
time
radical
are
and that she believes that any one
with the courage to let the world
that
know
radical
he
she
or
convictions
the
to
courage
'
"
•
entertains
also
'
would
change
i
his
'
"
be
.
fur¬
announcement
OWI
The
ther said:
'
:
•
She told the group that in her
opinion the term "liberal"- as ap¬
"Many times it was found neces¬
to re-examine original prices
as to eliminate excessive prof¬
so
its, which
were
not anticipated by
either contractors
time
the
at
officers
ment
the procure¬
or
con¬
and which
were
frequently
the result
of
large increases in volume of pro¬
duction by individual producers
tracts
of
signed
were
war
ployment
material.
reason
tional
of
any
or
of race,
origin."
in
the
in
person
em¬
in
war
Government
by
creed, color or na¬
Mr. Roosevelt fur¬
ther declared that "it is the
duty
employers, including the
several Federal departments and
agencies and all labor organiza¬
of
all
tions, in furtherance of this pol¬
icy and this order, to eliminate
discrimination in regard to hire,
tenure, terms or conditions of em¬
ployment,
"The
group,
discrimination
industries
sary
:
no
The
union membership
creed, color, or
national origin."
or
operation of the renego¬
tiation statute
approved a year
ago
gives the public assurance
that
effective efforts
are
being
evidence
made
needed workers have been barred
to
prevent the profiteering
and creation of
of 1917-18
of
crop
a
millionaires."
war
new
/
The OWI also stated:
"In
renego¬
tiate
contracts
Congress
also
recognized that, although the war
must be won regardless of cost, a
constant check on prices for war
equipment was necessary to keep
level
and
quality
at
to
and
but
it
large
mistake to
at the
To attain
volume
prevent
profits,
alone
with
a
achieve
or
fundamental
this
goal and
natural
resources.
high quality and
of
production,
inordinate
it
was
would
or
found
not
that
said
there
was
available
and
from employment in industries
engaged in war production to the
of
detriment
the
of
the
prosecution
the workers' morale
unity, solely by rea¬
their race, creed, color, or
war,
and national
son
of
origin.
The
successful
prosecution
the
of
at
least
to
any
who
tions
from
remove
power
in the Axis
one
has
na¬
had
any hand in
bringing about the present world
situation, but there must be no
revenge
for their people as a
whole."
>
-
'
Speaking
the subject of post¬
cooperation among nations
war
Mrs.
on
Roosevelt
read with
said
that
she
discouragement
had
recent
newspaper article which said that
the
attitude
of
the
a
their
old
way
men
the
on
home,
return to
of life, and forget
the rest of the world.
"It
is
discouraging,"
to
She
talk
a
world
as
it was."
that the people who
post-war isolation appar¬
ently don't realize that
coopera¬
tion in world affairs after the
may
v
said
of
a
large
and
to
exorbitant
that
taxes
effectively deal
this wartime problems."
the
not be
a
war
matter of choice.
all
cratic way of life within the na¬
tion can be defended successfully
only with thb help and support of
all groups within its borders."
The
President
ordered
that
hereafter all contracting agencies
of the Government shall include
NY
Factory Jobs Down
Slightly But Payrolls
Were Higher In April
Payrolls in most of the major
groups
of New York
in all contracts a provision obli¬
gating the contractor not to dis¬
industrial
State
increased
criminate against any employee or
April,
job
issued
because
of
race,
creed, color or national origin and
requiring him to include similar
provision in all subcontracts.
The old Committee
ployment
Practice,
on
Fair Em¬
which
has
State
of
de¬
among
meat
refiners
sugar
canners,
and confectioners.
"Aircraft plants and shipbuild¬
ers
hired hundreds of additional
Payrolls; increased
Manufacturers
of
employees.
accordingly.
also
instruments
ex¬
these
"All
announce¬
trial
of the upstate indus¬
seven
showed increased pay¬
areas
employment. The largest payroll
from
March
Department of Labor.
in
Food
the
largest employment
and payroll losses of any of the
industrial
groups.
Employment
packing plants, canneries
candy
factories
declined
and
Utica
the
to
low
of
volume
meat
handled. Reductions in army con¬
largely
were
for decreased
responsible
employment in
can-
neries.Shortage of materials was
reported by some large producers
of baked goods. Increases were
noted among plants
well
as
making pow¬
milk, cheese and ice
as
textile
breweries.
among
"Employment
mills
cream,
and
payrolls
declined
in
in
general,
with
cotton
and
knitting mills
showing the largest drops; strikes
were
reported by some of the
smaller knitting mills.
Wage rate
increases
for
accounted
payrolls
in
Manufacturers
higher
woolen
some
of
mills.
"Seasonal
declines
of
1.7%
occurred
in
the
Manufacturers
infants'
wear
ployees;
net payroll gain of 0.8%
for all
manufacturing industries resulted
from increased payrolls and hours
in war plants.
Losses were re-
In the Kingston-Newburgh - Poughkeepsie
district,
payroll advances in textile mills,
offset
losses
in
clothing firms.
Employment in the BinghamtonCity area de¬
clined because of decreases in the
Endicott-Johnson
losses
men's
did
and
wo¬
slacks
and
hired
a
not
were
busy.
so
The
only notable increase in the cloth¬
ing business was reported by fur¬
ing April include tobacco, lum¬
ber, paper, printing and leather.
Payrolls were higher in all of
them except lumber.
"Employment increases in the
furniture,
chemical,
petroleum,
rubber and stone, clay and glass
industries ranged from 0.1%
to
2.7%.
The range of payroll ad¬
in
to
these groups
3.9%.
was
from
No Further Newsprint
Cut
Before October Seen
';
A
recommended
the
its
all
elim¬
to
power
reduce
and
of
use
May 10
Board
on
Production
War
waste
non-es¬
paper" by the Fed¬
the
that
and
Government
eral
Sub-Com¬
Interstate
House
mittee
War Manpower Commission desig¬
nate the paper production indus¬
try
as
an
essential war industry.
The committee, which has been
investigating curtailment of news¬
print and plans for grade labeling,
these suggestions in
made
in¬
an
terim report filed with the House.
This action
was
taken after the
group
had
been
informed
by
WPB Chairman Donald M. Nel¬
son that no further
the
of
restriction
on
and print
paper by newspapers and maga¬
zines
"are in prospect"
before
Oct. 1, "unless the newspapers
fail to achieve" the 10% reduc¬
tion already ordered.
use
newsprint
Beyond Oct. 1, Mr. Nelson said
in
statement read
a
mittee
:
'
Assails
Govt. Waste Of Paper
riers.
Other industries which op¬
erated with fewer employees dur¬
the metals
Payrolls
House Group
sential
and
few workers, while those making
men's
furnishings and women's
lingerie
area."
reported
were
clothing
group.
higher in all industries in
were
that
inate
making women's dresses, blouses,
clothes
machinery
likewise.
men's coat and suit houses. Firms
work
industry and in
shoe
that
em¬
by
an
to
the
com¬
aide, "It is impos¬
sible to forecast at this time what
Higher Payrolls in War Industries
"Payrolls in
ing
many
materials
war
because
plants mak¬
were
higher
overtime, wage-rate
adoption of the
incentive plan whereby workers
earn more for greater output per
hour.
Many more workers were
hired
action will be
Mr.
for
the
production
planes and ships.
of
air¬
Plants making
Nelson,
necessary."
in his statement,
added:
of
increases and the
"The
several
enacted
limitation
orders,
the first of the year,
fecting the
use
af¬
of newsprint and
print paper by newspapers, mag¬
azines and books express the min¬
imum reduction compelled
by re¬
duced
supplies of critical ma¬
munitions, instruments, non-fer¬
rous
metals, electrical and com¬
munication equipment continued
to be busy.
Steel mills reported
longer hours and higher payrolls
with fewer employees.
Tin can
terials.
factories
tended and
with
;
contracts
war
stepped up production.
Payrolls
advanced 2.7% for the metals and
machinery
group
as
while
employment
0.5% higher.
whole,
a
only
was
to
The
increases in both employment and
payrolls.
"exercise
many
the
in
Albany-Schenecareas
accounted for
and
tady-Troy
off
of
laid
industries
War
group.
children's and
milliners
Seasonal
among
apparel
war
Syracuse
in
employment and 3.9% in payrolls
clay and glass.
In
plants worked overtime
stone,
ation.
rope
ment. ;
were
while textile mills curtailed oper¬
coated
fabrics,
and mosquito netting re¬
ported f increases
in
employ¬
Buffalo
in
increased pay¬
rolls in all industries except food
and
sharply.
Some meat packers ex¬
plained that the decrease was due
5 occurred
advance
where there
in meat
according to a statement
May 14 by the New York
applicant
packers,
payroll
and
noted
were
creases
rolls during the month; there was,
however, very little change in
ported
she
said,
"because
it
shows
that
they
haven't thought through the prob¬
lem of why they
probably can't
return
collection,
analysis
Decline
1.3
get
rolls.
employment
Industry
Large
the
to
and
the
Department's
vances
war,
for
ment further stated:
fighting fronts is to be done with
available workers and "the demo¬
high
volume of
time to waste money,
same
manpower
be
President
both
output is essential,
would
race,
war, he added, demands
maximum
employment
of
production.
"Maximum
of
economical
an
assure
a
The
the
giving authority to
expenditures
because
have
will
reported substantial in¬
employment and pay¬
In
the food group, large
in
creases
Upstate Districts
The
<
which
plied to ' an organization; means
to
will
inclue
six other members,
one "which goes about its work on
ings were brought about under will receive and investigate com¬
a
democratic basis, which allows
authority of Section 403 of the plaints of discrimination, conduct
its membership to express itself
National
Defense
Appropriation hearings make findings of fact,
freely, and which abides by the
Act, signed by President Roose¬ and "take appropriate steps to ob¬
will of the majority."
velt last year.
This law was later tain elimination of such discrim¬
In answer to another question,
amended by Section 403 of the ination."
Mrs.
Roosevelt
asserted
that
a
Revenue Act of 1942, extending
In his executive order the Pres¬
peaceful world can never be built
to the Treasury Department the
ident reaffirmed "the policy of
on
revenge, saying, "there is no
authority to renegotiate contracts the United States that there shall
question but that after the war we
and sub-contracts.'
:
'
Washington.
tabulation
in
hundred
people
radical organizations.
or
re¬
woman
and asked her how she
up
about
Furriers
panded their ,forpes and payrolls.;
responsible
dered
dealing with."
marks
gains were more than off¬
by declines in the coat and
suit factories and in millinery.
set
scientific
tracts
1.
trouble," she added,
expect
you
and
believe
you
certain
up
for
and let the
up
'
-,
Employment
these
reports.
Mrs.
shouldn't join a
organization if you are
radical
er
decrease.
payrolls were'slightly high¬
in women's dress firms, but
"Producers of food products re¬
of
really believe in," Mrs.
Roosevelt
reason
based
are
the
and
is
May 9, which
hurts
statements
for
sion of Statistics and Information
follows:
as
never
The sum, it is stated, represents the new Committee the President
have
$1,583,900,000 of price reductions placed Monsignor Francis J. Haas, mind.
on
contracts and $955,100,000 in Dean
of
the
School
of
Social
refunds
Roosevelt
other remarks
gave
Roosevelt
on
the head of
At
D.
"Herald Tribune" of
Fair
Employment in an effort "to
promote the fullest utilization of
all
available
manpower
and to
eliminate discriminatory employ¬
Franklin
above
on preliminary tabulations cover¬
ing >; reports
from
2,794
firms
throughout the State.
The Divi¬
her final address on May 8 in a
city-wide youth course sponsored
by the Society for Ethical Culture,
told a group of high school stu¬
dents, not to be afraid of radical¬
ism, according to the New York
stand
Contract
The
Afraid Of Radicalism
dividuals in the Second War Loan
Mr. Morgenthau has authorthe Federal Reserve Banks ■ drive by nearly a billion dollars.
ers,
ized
in
sworn
committee
Mrs* Roosevelt Tells
are
as
was
new
May 31.
also
'
individuals
Mac-
year.
chairman of the
on
in
bonds to
ian
goods.
Employment,
al¬
though higher in war industries,
dropped off considerably in the
food,-clothing and textile groups.
The Department reports that the
index
of
factory
employment,
based on 1935-1939 as 100, was
160.2, or 10.3% above that for
last April. The payroll index was
288.2, which is 32.2% higher than
in April of last year.
Average
weekly earnings were $44.76, as
compared with $37.19 a year ago.
was
S.
Negroes, who resigned
Monsignor Haas
as
Board
the
with
System and with the Presi¬
serve
inactive,
Malcolm
the Treasury
sales to these financial
to handle
ready making great progress, hav¬
porations.
of
fiscal
as
into
by Dr.
President of Hampton In¬
Lean,
which
War
virtually
headed
Monday, June 7, 1943
New York City
"Whereas payrolls
in upstate
a
small
"In
upon
In
the
expression.
of
the
is
Nelson
limitation
use
largely responsible
a
is
in¬
dual
en¬
true
of
war.
magazines
books."
Mr.
manufacturing in New York City.
was
None
exists.
greater in time of
same
The seasonal drop in the apparel
industry
none
tity. As an industry, it translates
print paper into a manufactured
product.
As an institution, it has
a definite
responsibility for pub¬
lic service, which
responsibility
and
all
10%.
restriction upon free¬
"The newspaper has
is all
for
limitation
exceed
application of each order
dom
industries, they showed
decrease
not
no
The
net
the
case
does
there is
higher
were
each
use
said
order
the
existing
governing the
of newsprint
"solely affects
(Continued on page 2160)
Volume 157
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4183
Stock and Bond Sales
DAIL^r
NOTICE—Cash
and deferred delivery
New York Stock Exchange
ecu
WEEKLY
-
we
furnish
YEARLY
-
sales are disregarded In the day's range, unless they are the only transactions of the day. No account Is taken of such sales In computing the range for the
United States Government Securities
Below
week.
the New York Stock Exchange
on
Figures after decimal point represent one or more 32d of a point. (See note below).
June 1
May 31
May 29
Dally Record of D. 8. Bond Frioes
/June 2
Juhe 3
June 4
Dally Record of
•
U. S. Bond
Treasury
2
Low
Total
104
(>
f High
{ Low
2yas, 1962-67
Close
[Close
—
Total
units
sales
in
$1,00 units
High
2y2s,
Low
100.26
\ Total
High
100.16
100.17
11
20
2y4s, 1951-53
Low
Close
Total
units.
—
sales In $1,000 units.
High
High
!
2%s, 1952-55
Low
Low
-
Close
Close
Total
units—"
—
sales in $1,000
units
(High
2%S, 1954-56
Low
sales In $1,000
3s, 1946-48—
Total
units
—•
.;
sales
In
2s,
3
[High
1947
Low
•
[Close
Total sales in $1,000
$1,000 units
High
units
(High
—
2s, March 1948-50
Low
3s, 1951-53-.
106.23
$1,000 units
•
[Close
Total
In
sales
—
f Hign
| Low
106.23
•
Close
Total
106.23
Low
[Close
High
3y«s, 1949-52.
[Close
Total sales in $1,000
Total sales In $1,000 units
111.31
(High
_•!
•
111.31
High
2s, Dec. 1948-50
112
111.31
I
—
•
Close
Total sales in $1,000
2
units
High
Low
vClose
„_
uniJs—
Total
11
sales
2s,
Low
1
(High
■{ Low
1949-1951
Sept.,
[Close
Close
Total
Total sales in $1,000 units
$1,000 units
(High
2s,
Total
(High
111.25
111.25
111.26
/:>-
1 ,/•
111.25
Total sales In $1,000 units
High
1951-55———*——————————' Low
•'
'
'•■■ V '
.
Close
23,
V
*
111.26
*1*8
Close
/
*1*4
Total
High
Total sales In $1,000 units—
Federal Farm
'
it
3V4S,
Low
(Close
—
106.29
106.29
106.31
'
106.29
106.31
Home
3s
High
Total sales in $1,000 units
iy2S,
104.9
—
Low
104.9
LOW
AND
HIGH
SALE
Monday
Tuesday
May 29
June 1
June 2
$ per share
share
61%
61*4
*111
$ per
61%
113
42
42
42%
51*4
51%
52
12 %
12%
12%
51%
51%
12%
12%
12%
30
20
48%
*75
80
6
6%
*103
108
19%
♦75
77
6%
108
48
'
20
-"'47%
77
I
*102
■
*30%
48%
V
6
12%
20%.
,
*60%
*51%
53
*75
6%,
6
-
106
12%
-
32
*301/4
20%
48
77
•
'.v
*103%
6%
108
*75
6 %
*103y4
108
2%
2%
2%
20%
21%
20%
21
20%
20%
20%
20%
201/s
37
37
36%
36%
351/e
35%
27%
28
27%
28
28
*72%
76%
*72%
10%
11%
10%
163
162
15
*14
25%
25%
13%
'
75
73%
73%
11%
10%
II
163
163
*14
14%
25%
-
25%
163
*73
76
11
111/8
X161%
14%
*14
25%;
\
24%
16iy2
14%
25
*72
11%
160%
*14
24%
2% '
76
•
v
■
J
!
1,700
•
4,300
20
-
Juneau
13%
13%
13%
13%
13%
13%
13 y8
Min___;
Albany & Susq RR Co
100
Allegheny Corp
—No par
5%% pf A with $30 war-100
5%% pf A without war——100
$2.50 prior conv preferred-No par
Alghny Lud Stl Corp
No par
Alleg & West Ry 6% gtd_
100
r
1
4
Allen Industries Inc__
Allied
Chemical
Kid Co
«Ss
Dye
—
Allied
91
90%
91
92
93
36%
37%
36%
37%
37%
37%
*19 y8
19%
19%
19%
19%
19%
19%
1%
1%
1%
1%
*23%
24%
♦87%
2
91
24
25%
24
*87%
r;
*1%
*24
19%
19%
500
.:
-
19%
2
*1%
*23%
1,700
400
2
25
10,6u9
25
200
5%
No par
Alpha Portland Cem_.
-No par
Amalgam Leather Co Inc——
1
6% conv preferred
50
85
85%
85%.
85
85%
85
86
85i/4
85%
3,600
Amerada
29%
29%
29%
29%
29%
29%
29%
295/a
29%
29%
1,200
Am
66%
68%
68%
69
*68%
69%
68%
69%
1,800
American
<spo
tiase
2123.
-100
preferred
Allls-Chalmers
85
66%
Corp
Mfg
'
Petro
Corp
Agric Chem
—
No par
("Del)
No par
Inc
10
Airlines
.
113
Dec
May
43
Jan
39
Jun
1
48%
Jan
13
Apr
7
5%
Apr
8%
Nov
Feb
2
Jan
8
Jan
8
Jan 28
Jun
2
18%
Jun
26%
Dec
7
Jan 25
Jan 11
2
2
SVsJan
13
Jan 11
18 % Jan 11
64
Jan 15
7
Jan 19
21% Mar 30
48 i/b Jun
1
75 % May 28
7 Vo Apr
102
"
6
May 15
-
16%
Mar
29%
Apr
61
Jan
1% Mar
69% July
'
Dec
41%
Dec
69
Oct
4
Nov
94%
Feb
%
Oct
4
A
4
3%
Apr
6% Nov
22% May
4
29
3%
Apr
6% Nov
40
Apr
9%
Jan
Jun
17
,
Jan
28% May 23
16
May
22%
75
57%
Nov
73%
Feb
4
3%
Apr
7%
Deo
May 29
14% May 17
118%
Apr
10
May
25% May 29
11'/a
May 26
11% Jun
27
71
Jan
10
Sep
3% May
163
52
-
22% May
9
10% Jan
8
16% Jan
4
6V4 Jan 2
73% Jan 7
26Va Jan
7
17% Jan
7
% Jan 13
13% Jan 20
x67
Jan 14
23
Jan
2
140% Jan
—No par
Stores
Deo
Mar
52
,
•
—No par
51%
May
31
31
5% Jan
No par
—5
Allied Mills Co Inc
-
104
31
Mar
43
5
85
r
37
May 27
113
6
jan
3% Jan
10
8,000
13%
36%
»
.
—100
6,200
251/s
36%
66%
Gold
par
10
-
7%
251/2
14%
38%
67
par
No
Vlcksburg Ry Co
Allied
1,700
14%
No
Inc__—
63 y2 Mar 12
Highest
$ per share
$ per share
$ per share
1942
41% Jan
'
par
*
91
♦23%
:
6,300
3,900
161
36%
2
Reduction
Alaska
500
-
11%
36%
*87%
—25
Air
16,100
■
35% Jan 23
No
Corp
Address-Mutigr Corp
''.I
21
51% Jan
4
110
Feb 23
Co
Express
Adams-Mills
18,100
•
28i/4
•
Steel
Adams
Ala &
20%
37%
28%
28
-
2%
20 ya
Acme
800
'
6i/4 '
2%
2%
"
77
21%
21
300
6,000
48%'"
•
100
No par
4,700
31
20%
47%
No par
preferred
Abraham & Straus
Lowest
Highest
$ per share
■-Par
Abbott Laboratories
'
Year
Range Since January 1
Lowest
..
60
...
8,500
20%
•••■
2%
*36%
28%
/
12%
21
37%
Range for Previous
STOCK
/
4%
45
53
12%
:
113
*40
YORK
EXCHANGE
400
61%
*111
42%
•'
*51%
v
31
31
■
61%
113
42%
NEW
for
Shares
$ per share
20%
:.v
21 y8;
21%
13%
52
19*8
\
61%
*111
45%
47%
19 ya
$ per share
113
*42%
28%
29
25%
tSale of registered bonds, all others are coupon Issues.
RECORD
the Week
June 4
June 3
61%
♦111
42%
Sales
Friday
Thursday
share
61%
113
*111
*14
2
STOCKS
Wednesday
May 31
162
102.2
I
■Odd lot sales.
PRICES
Saturday
25/a
102.2
(Close
!-
1945-1947
NEW YORK STOCK
$ per
102.2
•{ Low
*2%
Total sales in $1,000 units.
28
i
1944-1952
A,
104.9
Close
2%s, 1952-54.
21
—
:—
High
*36%
$1,000 units
Loan
Owners
series
in
Total sales in $1,000 units
Close
2%
sales
Low
2%s, 1950-52.
Low
(Close
Total
1
4
Total sales in $1,000 units
21 %
—|
3s, 1944-1949
106.31
Close
*103
Mortgage
1944-1964
(High
'I;';
Low
2%s, 1949-53.
6ya
i
1948-——.
—
High
*75
units
1953-1955
High
:
Total sales in $1,000 units
.
in $1,000
2s,
Treasury l%s,
Close
19%
sales
Treasury
Low
1943—
477/a ' 48%
•( Low
1950-1952
111.26
Low
Total sales in $1,000 units
Low
units
(Close
■
*28V2
$100
111.10
2%s, 1960-65.
*61
in
sales
Sept.,
2s,
111.10
| Low
'High
f per share
I.
1950-1952
(Close
5
Total sales In $1,000 units
1948—
March,
111.10
(Hign
2%s.
sales In $1,000 units—-
111.10
[Close
2%s,
Low
•
Close
111.10
'
—
/•'
ay«s, 1958-63.
1949-1951
111.10
—^rr '
(Close
Total sales
Dec.,
Total
| High
In
$1,000 units
High
2s,
$1,000 units
2%s, 1956-59.
In
■
Close
in
sales
_
Low
2Hs, 1951-54.
101.1
in $1,000 units
High
High
101.1
2s, June, 1949-51
104.11
104.11
2**8, 1948-51.
101.1
Low
Close
104.11
High
2%s, 1945-47.
Total sales
Low
112
Total sales In $1,000 units
Total sales In $1,000
units
112
Low
(Close
2V«s, 1955-60.
jlow
■
Close
v;'..
101.4
units
High
| Low
In $1,000
101.4
•
—
(Close
sales
101.4
Low
Close
,/2%S, 1967-72
(High
Total
6
High
:
:
—_
Total sales In $1,000
f. 3%s. 1946-49.
100.18
100.21
100.20
$1,000 units
—
$1,000 units—
Total sales In $1,000
100.21
LOW
■
Total sales in
units——
High
3%s, 1944-46.
n%-
1964-1969
(Close
Low
in
units
—
Close
Total sales
In $1,000
High
2y2S,
Close
»%s, 1943-45.
sales
—
Low
IHs, 1943-47.
100.26
■
—
Total sales In $1,000 units—
Total sales In $1,000
1963-1968
100.26
Low
High
Close
June 4
104
sales in $1,000 units
High
Low
June 3
June 2
June 1
104
fMn.cA
J%s, 1946-56.
May 31
(High
i Low
Va8, 1956-58
Total sales In $1,000 units—
4S, 1944-54
May 29
Prices
•*.-
[Close
High
Treasury
4V«S, 1947-52.
sales In $1,000
year.
daily record of the transactions in Treasury, Home. Owners' Loan and Federal Farm Mortgage Corporation coupon bonds on the New York
a
Stock Exchange during the current
Total
2113
149
Jan
Jan
12%
Jan
Apr
16%
Nov
13% May 27
4
Apr
6%
Nov
Jun
4
64
July
371/8 Jun
4
22
Apr
30%
Jan
14%
Apr
19%
Nov
H Au»
1%
Jan
Dec
18%
Jan
Mar
70%
93
21% Mar 10
2% May 22
25
86
May 24
May
29% Jun
11
7
43
3
18%
May 19
25%
Jun
Apr
81
Jan
Oct
24
Nov
RRiA
Dec
Monday
$
per
June 1
June 2
$
share
16
Tuesday
May 31
Saturday
May 29
per
$ per
share
16 Va
*57
16 Va
16%
57
57
57
9V4
9%
9%
9%
40%
40 Va
39%
40%
38%
7%
*132%
132
135
84
84%
84%
84%
86%
177
177
176%
177 Va
176%
176%
177%
43%
45%
44%
45%
45
45%
78
78
78%
78%
24
24
X23%
23%
*112
113
*110%
113
111
111
*109%
111
28
*22%
28
*24%
78%
79
79%
23%
23%
*10%
111
110%
111
28
*21%
28
10%
*10
10%
*16%
16%
16%
16%
16%
*103 %
103%
103 Va
17 Va
3%
27%
3%
3%
*9
9%
27%
7%/
27
7%
7%
7%
80%
80
V
80
80%
>
22 Va
21 Va
23
71
71V4
71%
72 Va
72 Va
72%
33%
33%
34
22 Va
*70
71
71
*34 Va
34%
33%
*4 Va
4%
4
*39 Va
40%
*40
68%
4%
4%
51%
*50%
.«
*50%
'
"
8%
68%
4%
'
50
49
■
50%
'
*5%
6
43
6
6
*41 Va
*42
'i
6%
6%
,
42
42
42%
17 Va
16%
V4
16%
104%
104%
104%
104%
14 Va
15%
15%
15%
15%
.15%
*9%
9%
9%
9%
V
9%
10
31%
*26
26
*121
32%
29 Va
10 Va
32
29%
10%
10%
28%
"10%
65%
64%
65%
64Va
65
64%
65
43
43%
28%
'
17
111
31 Va
111
*29%
154 Va
in
30
*29
29%
30%
31 Va
58
58
58%
59
139%
49
.
*1111/4
8
'7%
7%
101/4
10%
10%
70
7%
7%
7%
29 %
26%
55
*53%
29
29%
20%
20%
20%
114%
114%
*12%
13 %
12%
*42%
109 V8
.
5 Va
59%
5%
5%
5%
60
*68
38%
38
37%
9%
9%
*9%
9%
9%
*9
9%
•
.
27% '
27
/
27
21 >4
"-V
21%
26%
"</■
13%
*12%
13%
*12%
.2%
2%
2%
*2V2
43%
109%
5%
9%
.'•;./.
73
38%
;'.v.
5%
5%
;
*9
73
61%
73
/••/
391/4
39%
9%
9%
9%
9%
■V.
9%
9%
*96
*96
100
11 Vz
11%
11%
"11%
85%
87%
84
39
*36
39
■
104%
5Va
61%
*70
i
•
43%;
39%
39
*9Va
9%
9%
*96
100
•
11%
11%
88
84
86%
'./;•-. 11%
;
;
:•
*37
<=37
40
104%
1041/2
105
40
V/:'/.•■••'
104%
104%
,
87%
*37
:
*105
:-i-'
85%
86
85%
851/2
85
85%
84 V2
85%
85%
37 Va
37 Va
36
34
,35%
34 Va
34%
34%"
*28%
29
*28%
59 %
*56%
58%
*551/2
57%
27%
27%
27%
27%
26%
271/a
109%
109 Va
109%
12%
13%
13%
13%
53
53
53%'
54
110
12%
4%
4%
*4%
2614
210
"111
53%
53%
62
62%
60
119%
*118
4%
12%
4%
13
4%
53%
62
*53%-
•
119%
60
*118
111
/,>: ■4%
119%
*41/2
4%
4%
551%
54%
5%
51/4
19%
18%
19%
18 Va
18%
18%
18 V2
9%
9Va
9%
9%
9%
*54%
5%
1914
9%
55
5%
13%
13%
13%
*11%
ii%
11%
55%
55%
56
20
20 Va
20%
,
13%
13
13V2
9
8%
9%
13
13%
13
32,000
11
*11
Va
11 %
11%
53 Va
52%
21
201/2
21 Va
20%
20%
20%
21
Daniels
11%
11%
>
"
12,300
3,800
9%
9%
*9%
10
10
X1i'
*41%
41 Va
41i%
41%
41%
41%
*41 %
41%
200
17 Va
17%
17V2
171%
17%'
17%
17 %
17%
17%
8,900
19%
6,100
18%
18 Va
18%
18 %
18%
28%
27%,
27%
*27%
28%
28%
*30%
31
31
30%
30%
*30%
103%
*29
104%
*103%
104
30
30
30
*29
3f
105
110
*10%
104%
*29
30 Va
*105
104V2
105
105
105
*104
108
*10%
11%
111/8
10%
10%
*10%
11
,
18%
104
*29%
*104
10%
G
28%
250
31
10
11
,
•
————5
preferred"——'—.——50
Powder—
No par
conv preferred—.,——>_100
prior A—-1 i
Corp of Del
8,200
18%
38%
39
38%
38%
38
38%
37%
38%
38
38%
6,900
17
17
17
17
17
17
17
17%
16%
17Va
2,400
Beneficial
57
*56
57
*56
57
*56
57
*56
33
33
33
1,500
Best
14%
64%
119
14%
14%
64
65%
118
119
For footnotes see page
2123.
14%
64%
119
14 »/2
64
117
14%
64%
118
14%
64
X117
14%
65
117%
14%
64
116%
,
Pr
,
-100
—10
—50
-5
Bath Iron Works Corp——1
Bayuk Cigars Inc.
—No par
Beatrice Creamery
25
t$5 preferred w w.
*~~No;par
tBeech Creek RR
.—50
Beech-Nut Packing Co—
—20
Belding-Hemingway——^—No par
Bell Aircraft Corp
—1
Bendix Aviation.
———5
18%
33%
-100
—-——50
preferred
Oil Co——
18%
57
,^-13'
—100
Ohio——.
Corp
Barker Brothers-————No par
18%
33%
&
Barber Asphalt
181/2
331%
(The)——3
preferredBangor St AroostookConv 5%
preferred
18
33%
Nov
2
4%
Oct
7
Jan
Feb
23
46
17% May
6
105% May
6
15% Jun
1
11
10% Jun
27% Apr
116% Jan
29
Jan
* 4
Nov:
12%
Dec
7%
Nov
16
23% Mar
Apr
113%
7
May
91
Apr
4May
7
327/a Apr
Jan
Jun
9%
4
4
123
10%
65
7% Feb
X26
Jun
6%
20% Jan
"
40% Nov
35% Mar
•
2
119
Feb
•
.!■ Feb
24
21% May
26%
Va Mar
it
Jan
Apr
26%
Jan
Jan
22
Jan
M6% Jan
10% Jun
6 Va Jan
168
Feb
154
54
15% May 10
2
10% Jan
6%
Jan
27
145
59%
Oct
4% Mar
9%
Nov
Feb
14Va
Dec
May
35%
6%
24
29
3
Mar
2
136%
;
Apr
17% Jan
7%
V
24
Jun
2
14
6% Jan
Jan
24
27
Nov
Dec
116%
Jan
4
4
4
Nov
70%
Dec
5%
Jan
61%
Dec
76%
Jan
5%
Jan
Apr
26
26
7% Apr
7
3%
Apr
38%
Jun
8
4
29% Apr
7
24
21% Jun
3
13
'■V
3% Feb 27
5
Jan
11
17
108 % Jan
2
1
Jan
2
5% Jun
2
63 Va May
Jan
20
74
Jan
2
40
Jun
'■
9% Jun
7
27
2
4
.
111% Mar
Sep
Sep
4V«
67%
Feb
Oct
66
Jan
Jan
33%
Dec
8%
6% Mar
2%
;
79
Mar 27
101
Dec
21
2
10% Jun
9
Feb
36
40%
May 19
30
Oct
I % July
7
Apr
Sep
2%
7
49
12%
42
2
Jan
Mar
102
112% Mar 12
3
46
4% Jan
Jan
112% Mar
May
27%
May 25
44
Jan
7% May
,
Jan
Jan
30
12% Mar
7
;
28%
Dec
107
Mar 18
14% Apr
1% Jan
6% Jan
50
22% May,
116
Feb
3%
31% Apr
5
Jan
108% May
26
Apr
54% Mar 30
2
20
92
Jan
7%
1% Apr
V 39
Aug
Jan
May
143%
2
10 Va Jan
Jan
50%
33%
22
4
74
16% Jan
Jan
49%
,
Apr
3%
4
May
79% Jun
11
"
Aug
Apr
120
44% Jun
119
111% Jan
34
2
Jan
11
5
24% Jan
Jan
23
134%
:
Apr
34%
61% Jan
142
2
'
Apr
8% Apr
3% Jan
Jan
33 Va
■
2
Jun
9
55 % Jan ;
4
Apr
Oct
Jan
97%
Jan
101 %
Feb
12
'
14
42% Jan
17%
4
60
Jan * 6
432
4
27
Nov
12
Vv, 78% Mar
: Jun
Mar
21%
Jan
Mar
30% Apr
112
155% Jun.,
Oct
36%
21%
!
15
Nov
144
•;.
Jan
9%
4
17
33
91
V
:
Jan
148%
Jun
Jan
Jan
43
Jun
16%
15% May
11% Mar
12
Apr
Apr
29% May 29
19% Jan
Nov
Apr
52%
66% May 25
2
Jan
May
4%
Apr
May
.'.■
82
Jari
Nov
Oct
July
6% Jan
4
12% Jun
4
Apr
6%
72% Jan
11
88
Jun
2
61% Mar
77%
59
Jan
7
88
Jun
4
53
Jun
83
Jan
> 29
Jan
5
37
May 22
20
Jan
28%
Dec
May 19
81%
Jan
100%
Dec
Jun
27%
Jan
53
Oct
60%
Jun
72%
Oct
19%
Jun
34%
Oct
18%
Jun
34
Jan
100
Jan
4
105
105
Jun '
2
105
4%
7
58% May 27
Jan
2
86
May 28
13
38
May 26
26 Va Jan
19
Jan
8
44
Jan
31% Apr
.4
7
18% Jan
Mar 16
106
50% Jan
Jan
12
7
2% Jan 21
Jan
Feb
Mar
Jan
6%
Sep
7
1
46%
Apr
51
Dec
15
43
May
70
Jan
Apr
13
111 ;
May
13% Jun
4
7
120
■
116
Jan
2
-
Apr
9 Va
Jan
5% May 28
1 %
Apr
3%
Dec
.56% May 28
4
5
3 % Jan
Jan
23%
109%
14%
65% Feb
7% Jan
28% Jan
45%
Apr
99% July
33
27
Jun
54
Jan
113
V
13% May 29
9
52
6
111% Mar 31
4
14
6% Jan
,
May 27
60
28% May
Jan
2
44% Jan
66
Jan
15%
Apr
6% Apr
8
z
2% Jun
31
7
1
4%
Dec
Jan
B
17%
33 3i
No par
No' par
—No par-
Nichols;.
17%
33%
—25
Corp
17 Va
33%
5%
19% May 27
9%
Jun
14%
Apr
7
2%
Jun
4 Va
Jan
14% Apr
10% Jan
6
4%
Jun
7%
Jan
29
4
Apr
6%
Jan
May 26
22
Jan
"
3%
Jan'
10
6
Jan
5% Jan
57
34% Jan
12
5
Feb
Jan
4
2
23 V8 Jan'
24% Jan
Indus
5,800
Best
9,900
Bethlehem Steel
900
preferred
6%
Nov
24% Aug
8% Jan
33 Va
12%
Dec
12 Va
Jun
18 Va
Jan
Apr
x23%
NOV
11% Jun
4
4 Va
7
7
16
41% Jun
2
4
May 27
x29
25% Jan 25
30
105
•
15%
1
20
Mar 16
103
31% Jun
114
Jan 25
May
18
•20% Mar 22
Jun
2
May 14
23%
64
Apr
26
Dec
Oct
Mar
105
Oct
Jun
30
Feb
Apr
110%
Jan
9"% Jan
4
11% May 10
6% May
9 Va
Dec
Jan
2
20% Mar 16
17%
Nov
4
39% Apr
6
9% May
28% May
39%
Jan
17 Va Jun
15%
Nov
12
34% .Tan
3
9% May
56% May 27
46% Mar
54
Sep
22% Jan'
7
34% May 11
17%
Apr
24%
Jan
8% Jan
5
15
May 20
8%
Dec
8%
Dec
(Del)——No par
557/a Jan
7
-.100
110% Jan
4
Foods
14%
65%
Dec
Apr
6Va Mar
23
Loan—
No par
pfd $2.50 div series '38_No par
& Co
——No par
116%
Dec
13%
2
103% May 13
93
36
Jan
"
% Jan" 13
13% Jan
'Apr
21 Va Jun
12 V8 Jan
30
-
12 Va
—
500
<
„100
Refining——
—
500
108
——1
W I SS Lines
&
5% %
500
104
Apr
-
2/-
7% Jan r
Dec
2%
7% Feb
SV4 Jan :-'5"
——
Barnsdall
400
31
—100
preferred——
17
*56
par
gtd_.100
Ffe.
4%
360 7
10
31V2
Midl'd—-No
(Del) pf 7%
Co of Illinois——.— 5
preferred
Baltimore
3,000
41%
31
Cable--——No par
Baldwin Loco Works ▼ t c
.
300
52%
I8V2
Smelt———1
Aviation
12,300
11%
*52%
25
Oct
Jan
6
9% May
*2*
39% Jan
par
preferred—
25
Copper Mining——50
Preferred called
"$5
180
•
13%
56
28%
May
37
4% Jan
—7————100
div preferred
Austin
45.8C0
.
17 Va
104 Va
No
Woolen—
Preferred
15%
800
10
103%
& Elec.
Wks
Atlas Tack Corp
700
9 %
11
19
2
Mar
5
May 27
3
50% Jun
V
2
Jan
7
tAtlas-
90
1
18%,
55 Va
9?
Jan
2
5
:
14% conv pref series A——100
650
,
5 Va
11%
29%
1%
7.'
53% Jan
May
70
•37% Jan 11
•
3% Jan
Atlantic
430
41%
18%
Dec
53% Jan
6%
55% '
56
*28
56
~
No par
1st
•
T-t CO
Apr
5
*
preferred—-_——No par
Water
Atlas
4 %
5%
55
x36%
Jan
8
800
13%
5%
Oct
5
35
115% Jan
21,400
53%" %
61
V ■
13%
551/2
_L
36%
—-100
preferred—
5%
13,300"
13%
13 Va
5%
5%
Sep
2
Atl
V:
*11%
54%
5%
40% May 27
32%
2
-—100
5 %
preferred——100
Atlantic Coast Line RR——
100
6,300
26 ?8
12%
3 Va
43 % Jan
5%
57%
26%
'r.v; 111
May
129% Jan
class
Atch Topeka & Santa
2,300
;/
29
*55%
13%
13
*118
13
*28
57%
111
13%
2 Va
2
340
r
29
27
6
42% Jan
1
55%
55
*53%
111
*55%
62%
*118
*12%
13
i
119 Va
61%
63
110%
*28V4
29%
29%
4% Apr
—25
B__————25
:
34%
*56%
3b'/a Apr
4
'
Tobacco—
preferred
—No par
"11% preferred
*
100
Armstrong Cork Co—--No-par
Arnold Constable Corp
——5
Artloom Corp
—No par
1% preferred——
-100
Associated Dry Goods——— 1
f6% 1st preferred
_100
11% 2d preferred
—100
Assoc Investment Co—
No par
13,500
86
*28%
23
2
$6 conv prior
L"
•
Dec
Feb
2% Jan
5
""
53
35
14
Archer
:%'■■■ / to
57
Jun
Jan
Corp——12.50
-—-No par
Andes Copper Mining
.——20
A P W Paper Co Inc.
5
160
*105
57%
25 Va
21% Jan
$5
460
104% 105
't
1
55%
42%
127% Jan
Anchor Hock Glass
40
571/2
8%
Jan
—No par
Telep & Teleg
Anaconda
700
:
Jan
Co——100
Sumatra Tobacco-.:
Anaconda W &
2,200
88
Dec
1 Va
10%
4
1
•30
Refining——-100
$5 prior conv
9,100
88
Dec
23% May 10
72% Jun
151
Amer Zinc Lead &
4,300
.
-
Dec
49%
6.
Jan
Feb
American
4,100
.12%
88
Jan
Jan
——25
&
i
,
;
58%
12%
7
18%
[Dec
2
6
"
39
May 10
9
Nov
25 Va
Jan
...
12'
7 Va
.
Jun
A
x81% May 20
2
T% Jan
"46 Va Jan
16%
45
& Co
'
10Va
57%
119%
7
,
3% May
5
Apr
29% May 18
35% Jan
Armour
%.i:
; 73
-
V
8
21
144% Feb
Armour
;
10
6% Jan
24% Jan
Dec
Nov
Nov
3
Jan
132% May
3.200
61%
57%
119%
16%
%
3% May 19
2
155% Mar 15
V
■
.
5%
57 Va
*61%
100%
1% Jan
35% May
$6
■
-
May
7% Mar
"37% Jan
43,400
109%-
56%
x35 Va
Dec
92
4
15% Apr
8
18
May
4
•32% Mar 23
47% Apr
1
Am
200
2% V'
/
100
87%
V
105
104%
104%
14
2
—--7100
preferred
Co
No par
Smelting & Refg——No par
5%
•
83
104%
'/
88
84
*36'
25
Jun
31
preferred ——
—100
Amer Type Foundries Inc————10
American Viscose Corp———7-14
100
13
;
85%
*80%
conv
t6%
40
•f
109 »4
109%
109
61
85%
81%
18% Feb
104% Jun
Rolling Mill———.——25
Common
2,000
•
*43
43%
*42%
40
*68
V:
.
V
62 Va
11%
*80
2
27
15% Jan '* 8
Preferred ———————-100
"
11%
85%
14% Jan
Jan
Am
480
f
Jan
Jan
100
21%
*115
115%
Dec
12
American Sugar
20.400
v
Oct
7'/a
165
San'y——No par
7—-———100
preferred——— —100
Foundries——No par
American Stores—.——
No par
American Stove Co———No par
470
115%
21%
2%
*114
'
'
26%
26%
21 Va
61%
9%
29
'•Vf
18
>97% Jan
Amer Steel
3,800
6%
Dec
Jan
3% May
6
11% May
26
Mar
103
15
24% May 20
•
Jan
110
Mar'
22%
No par
American Snuff——.'
3,000
54%
28%
29 Va
1
20'/a
May
69
>
"tPreferred ————_——100
600
6%
May
112% May 10
4
6% Jan
16
105
Jun
500
71
71
*52%
6%
54
Feb
4
7
May 20
114
Apr
Amer
19,300
8%
"
Jan
6 % May
300
r;
5
19% Feb
96
55 Va
79 Va Jun
24% Apr
15
22
8 % Jan
I 9,300
44 54
,
Jan
•12% Jan
4,100
-
7%
114%
5%
loo
*96
100
*97
28%
1091/a
73
*37%
29%
*42%
..V
61
59%
73
*68
/
.
118%
7 Va
.
71%
6%
*52%
•Vv
109%
109
:
:
20%
.
43%
*42%
43%
109 Va
64% Feb
18% Jan
109
Dec
Apr
American
"
79%
*12%
2%
;
2%.
10%
114%
12 V2
*2%
:
114V2
*2%
6%
53%
29%
26 5%
20%
*113 V4
May
73%
6
24% Jan
•
6'A
53%
•
29%
,.
26%
26%
:
.Jan
3%
6,400
10%
:
7%
7%
71%
'
6%
6%
6%
56
33
142 Va
1.900
78%
77%
7%
V
7%
May
74%
2
Amer
61%
*118;
8
77%
71%
70%
70%
'
•
Oct
1
20
45 % Jun
Apr
Apr
4
Rad & Stand
8,400
60
43%
118%
7%
.
77
;/'■ V,
.
43%
43
8%
8
176
CO———-No par
100
139%
61
118%
118%,
77
77
i
42%
42V4
Mar
1%
56%
30% May 10
300
.
139V2
10%
8%
*76%
6%
V
155%
155%
139%
118%
159
Safety Razor——18.50
100
29
60%
139%
7%
77
72
60
61%
.
3
Seating
3,700
112
60
140V4
42%
Jun
American
1,100
31%
29
60
59%
:•;/>'
112
■
29%
154%. 155%
60
178
Jan
American
4,700
;
17.
31%
U314
*29
155V4
9
173
—
4
9% May
par
'6%
15
*16%
.
32%
601/2
120
*118%
*75"
*54
•
139%
10%iV
42%
42%
*70%
•">'
29%
4
tAmer Ship Building
:
.28
15
15
17
32
149
27%
28 Va
■
60%
139
"10%
120
7%
*16%
115
,Jun
preferred——
4% 1*
500
43%
43%,
.
*142
139%
59%
10%
*118%
43%
149
14%
,
89
12 Va
390
>
Dec
2
15%
Power &
American
7,700
,
151%
*150
151%
V'
3%
4
700
42%
41%
Feb
20
500
,
Jan
130%
4% May 10
Am
1,300
13%
31% '
Oct
6%
33
33% May 20
850
16%
.
Apr
7
par
„
A Jan
"
139%
10%
33
59%
59%
59
17
155
155 Va
3.54%
154%
15
*29
42%
27%
28%
15
*111%
31V2
*142
32
30%
ill:
*16%
31%
■43%
44%
17
"■
13%
16%
150
150V2
28%
: ' '
:V'
:
f
15
17
13%
42 Va
149
*142
29
■
14%
*16%
15 Va
:
43
*431/2
43%
29
29%
150%
149
*142
..
42%
:
152%
151
43
32%
30%
16%
'32%
16^8
14
16%
32%
'16%
152
13%
14
16%
14%
14
14%'
.
•6,400
14%
14
120
Nov
49
■
Apr
20
Col-—— No
Preferred
14%
42%
*16Va
35,500
14%
23
18% Jan
172
14 %
1
——No par
V$5 preferred-————'-No 'par
;
73,600
40% Jun
Oct1
Light——.--.No par
$6
: 3,300
10%
10%
*167%
14%
43%
*15
10%
Amer
28%
28%
28%
172
65
16%
149
31%
14%
43
'
*167 Va
13,200
News
American
Apr
3% Mar
2
12% Jan
preferred————7—100
6%
20
38%
8
81 Va Jan
—No par
Metals Co Ltd—
Amer
700
;.
3%
31%
32%
Xl0%
10%
Mach & Metals
U 380
May 10
9%
Jan
9% Apr
132% Apr
I
share
3% Jan
par
Mach* & Fdy CO——No
Amer
:V':* 7,
31
3%
-v/
3%
28%
29%
172
25%
122
31
14%
32%
43
.
14%
:
31%
*142
*167%
172
*167%
172
31
♦lioVa
31%
32%*
31%
,
25%
122
•K: 3%
28%
65%
152
*25
3Va
10%
Amer
: 1.600
V-
May' 4
60
-100
Preferred
8,700
10%
*120%
—No
Locomotive-
17%
$ per
<
71% Jan
preferred————-50
coiiv
American
2,700
•7i
15%
10
3 V4
29%
14%;
14%
•16%
15%
10
3%
32
65%
15%.
*5%
680
'5.600
16%
105 Va
31%
32%
14%
16 Va
104%
31%
32
V
16%
~6%non-cum
share
127% Jan
American
3,700
2,200
6%
105 V2
3%
.
;
43
42%
16%
31%
;
3%
=;' 9
6%
/:•
:
10
122
122
8%
42%
31%
32
32%
:
1.000
15 %
25%
25 %
122
3%
*167%
V4
26
122
*25%
*121
105
Products.——"—1
Ice—-—-—No par
preferred.
>„T00
Amer Internat Corp—.
—No par
American Invest Co of 111———_1
,2,300
S per
■
5
27% Jan
American Home
2,400
4%
50%
104%
16%
17
*104
17
68%
4 s,a
6 Va
6%
42
\
100
50 Va
68%
9
8%
9
•
.7
4%
68%
%.
4
1,300
50%
68%
4%
51
9
8%
8%
68%
68
67%
4%
'1,000
•
40
40
40%
*40
40%
*39%
40%
300
4Va
4
4
4
34
*33%
34
33%
.4
4
4%
*70
Lowest
.
J
share
•
par
7 ~$7 preferred—'par
$7 2d preferred A———^No par
$6 preferred———-No par
American Hawaiian SS Co———10
American Hide & Leather——1
'6% conv preferred——.-->—50
39.300
*
.
Power-*——-No
.
Highest
4
"
&
For'n
&
$ per
5
4% Jan
conv
Anier
900
81%
22 '
80
21%
4%
41,400
22%
80
22 %
67%
8
7
.
Year 1942
■
,
5%
Jan
47
"
21%
79%
X
100
i
2.200
80
79%
21 VA
-
7:1,200
9%
27
7%
7%
7%"
6,500
3%
*9
27
90
■
31
3%
3 Va
9%
:i
*9
3,200
'•
.
103%
30%
'
27%
7%
■
7%
3%'
••••:'
Va
30
V8
29
27%
9%
27
27 %
*27
V
3%
*3 Va
>
.
27%
9%
9%
*9
29
28 Va
28%
3%
17
16%
103%
16%
104 Va
200
10%
*9%
103% 103%
16%
103 Va
28
640
111
Car
share
8% Jan
'Note—.:———10
preferred——100
tAmerican Chicle
:
No par
Am Coal Co of Allcgh Co N J—25
American Colortype Co_———10
American Crystal Sugar
.-10
6 %
1st preferred————100
Amu* Distilling
Co————20
American Encaustic Tiling——.—1
Amer European Sees—
No par
American Export Lines Inc———-1
15%
20
*21%
111
*103 y4
2i ya
113
*111
113
28
v
: *22%
10%
10%
7' '*9%
llVa
113
1,600
~
$ per
,
1
Highest
Lowest
Par
.
Fdy——.No par
Preferred
—————100
Am Chain & Cable Inc——No par
1,600
23%
Range Since January
Bosch
American
7,900
,
79 Va
23%
113
.
Ill
44%
43%
44%
270
178
178
178
6,300
79
■
♦111
89
23%
78%
23%
.v.
40
6,300
7%
"
84
44%
3,400
7%
88
88
86
.
Corp———-1
Am Brake Shoe & Fdy.:
-No par
5Va% conv preferred——100
Amer Cable & Radio Corp———_1
American Can——————25
t Preferred
———-i—.»—,-100
2,200
*132% 135
7%
7%*
7%
7%
7%
7%
8
132
132 V4
132
134
*132
Range for Previous
>7
preferred-————50
6%
American
39%
39
39
.
<.
American Bank
8%
8%
st'„
/a
38%
39%
..V 7
60
*57
8%.
9
*8%
•
••
.
3,300
16%
16 Va
16%
16%
59
16
16
58 Va
*57
Shares
S per share
S per share
$ per share
share
V
the Week
June 4
June 3
•
STOCK
EXCHANGE
NEW YORK
for
Sales
Friday
Thursday
Wednesday
STOCKS
■
■
AND HIGH SALE PRICES
LOW
Monday, June 7, 1943
FINANCIAL CHRONICLE
THE COMMERCIAL &
2114
—
....
13% Mar 17
54% Feb
69 Va Apr
6
119% May 22
49 Va May
105
July
66%
121
Jan
Jan
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4183
157
2115
NEW YORK STOCK RECORD
LOW
'
Saturday
May 31
AND HIGH
STOCKS
Wednesday
June 1
j
PEICES
SALE
Tuesday
Monday
May 29
Thursday
■
.
Sales
Friday
•;'./
'
$
35
35%
$ per share
share
>:.
36%/'/
35%
19
rH 00 n"*
19
97/a
*17
V/;19
10
19
10
17%
*13
—
—"
mm,.S
14
-
*94
.
/
m —
.
:/'• 17
•;/
<
*17
17%
*13
14
*93
98
:,J *93
98"
98
18%
187/a
18%
18%
18
56 |
56
56%
56 Va
56
56%
56
56
92
92
.";• 92
92
92
48
48
26
26%
47%
47%
26
v
"v
27%
"mm-
+ m
'm
27%
'
mm,
;•
v';'
,
26
,
33
,
5%
*5%
5%
34%
25%
*25
25%
43%
44%
-
.:£■
■
j?f
1%
1%
16'A
16%
16%
17%
41'A »
*40 *
*17%
18%
9%.
18
A
•
44%
i9«
1 Va
1%
16%
8%:;
9%
9%
4
93A
$
8%
93/4
1%
1 Va
17%
16%
18%
9%
9%
8%
*9
110%
9%
No par
13,800
Brooklyn Union Gas
No par
Brown Shoe
6,200
110
7%
9
11,800
Budd
111
420
8%
18
18
18 %
18
18
17%
23%
X23
23
23
23
33%
33%
33 Va
33 Va
33%
33%
29
29 Va
29
30%,
30%
31
107 V4
107%
107 Va
107 Va
107%
14%
14%
14%
143/4
5%
5%
53/4
6
39%
*64
•
5%
*64
.
41
41
8%
9
*25%
25%
-•
4%
./:
•
V
4%
4%
V
17%
17%
17
17'A
17
17%
80%
80%
80%
80%
80%
*78
80%
24%
24%
:
24%
24%
24%
24%
27%
27%
26%
27
26 V2
-•',*52%
54%
4
53%
53%
*52%
1%
1%
l'A
1%
80%
4%
*4%
4%
Buffalo
Forge
No
Co
BulOva
Watch-j——
5%
400
preferred
50
,
6%
preferred
95
20
72
May
95%
Feb
2
48%Jun
3
30%
Apr
40%
Jan
8
26% Jun
4
13 Vs
May
17%
Jan
27% May 29
34% May
7
22%
Dec
Mar
2
13
9
16
35% Jun
26
'
19%
Jan
28%
1%
Jun
3%
Oct
31%
Nov
20%
Sep
25
X15
% Jun
Mar
May
1,200
>5,100
17%;.
Byers Co
'
80%
80
4
12 % Apr
7%
Jun
9%
Nov
4
29% Jun
15%
Jan
21%
Nov
20
Jan
35%
Nov
Apr
43
Jan
Jan
4
Jan
5
Jan
4
Jan
6
Jan
2
Apr 20
Jan
4
2% Jan
10%
18%
29%
35
31
108%
14%
4
25
30
:
A Apr
Jun
4
"V
1%
Jan
Apr
10%
Nov
35
Jan
28% July
9% Apr
May 15
May 27
May
Apr
7
2
1
%
1
Mar
Mar
6
Jan
Jan
May 10
2%
Apr
3%
Dec
May 10
47%
Jun
85%
Dec
1
3%
Sep
7%
Oct
Mar 31
11%
Sep
Apr
5
Apr
5
16% May
19% May
26%
Nov
Jun.
3
14% May
20%
Dec
Apr
24 Va
24%
1,000
24%
24%
27%
263/4
27%
26%
27%
54%
*52%
54%
*52%
54%
1%
1%
1%
1%
-
No par
(A M)
15% Mar
25
Oct
May 21
Jun
4
6% May
2%
Sep
18
Jan
6
42% May
9% May
6
4%
Sep
2
2
5
8
9
25% Mar
5'/a Apr
17% Jun
83% Apr
16
19%
Feb
2%
Apr
3
4
7
6% Mar
4
Oct
3%
Jan
40
2
May
~9%
6% Jan
4
5% Jan
Jan
Jan
Jan
Jan
Jan
Oct
8%
112%
21% Jan
20%
2%
9%
',73,
16
14%
Deo
75
Jan
Jan
*103% Mar
6
Mar 25
6
41
Participating preferred—-100
Byron Jackson Co
No par
Dec
Jan
Feb
1
-30
—5
\
7
May 21
-10
—
preferred
Butte Copper & Zinc
conv
.
Dec
Jan
100
Bldg 7% preferred
Butler Bros
% 5%
500
4%
4%
17%
*78
■:■'•'
Bush Term
70
3,200
/,,'
25%
43
18% Mar
6% Apr
100
-
Jan
6%
14%
19%
24%
20 %
105%
9'A
par
,
Jan
12
.
.100
——,
Terminal—
Bush
Dec
21%
May
Jan 16 '
43%
7
44%
Vs Jan 13
^
1
Jan 27
1%
9% Jan
2
17%
29% Jan
8
41
13
Jan
4
18%
6% Jan
7 :> 10%
104% Jan 12
114
3
Jan
2
..
9%
% 76% Jan
8
116Va
Burroughs Add Mach——.No par
3,600
75
25
37% Jan
—1
,
July
6
9
33
„„.No par
Mills Corp
Jan
58
Jan"
56% May
%
-1
Co
12
9
par
No
Burlington
20,100
>
9
25%
/
4%
:
100
Apr
Jan
20% Jan
'
>'
40Va
40
-
9
25%
17%
4%
17%
'
/
No par
Wheel--
Bullard
7,600
•
3
8
*
24%
•
■■'///, .:
66
,*63
66
41
43
*25%
/
66
67
9
: 25%
25%
,14%.V J
*41
67
8% '/ 8%
9
24%
v
40%
39%
8%
14 3/8 V
6Va
6
67
: ;
107%
.
143/a
14
6%
67
107 3/a
107 3A
•
14 '/a
31
Budd
800
34
30%
par
100
Mfg
1,000
•
No
:
preferred
900
5%
107%
14
*33%
>
(E G)
par
Co—
preferred
t77*
2,700
; /
17%
23%
'
•
9%
9%
23%
*107%
Bucyrus-Erie
9%
110
.—No
Co
Bruns-Balke-Collender
400
18
111%
18
'
;
5
No par
Bklyn-Manh Transit
23%
-
No par
;
•2,100
18
29%
"
700
Jan
20
No par
No par
^
Manufacturing
14 Va
13
28% Jan
15
i%
23%
34
Bristol-Myers Co—_
Brooklyn & Queens Tr
—
Jun
Dec
13% May
Feb
97
2% Jan
t
.—5
Briggs & Stratton
18
29%
Briggs
1,200
iff
23%
*33
Bridgeport Brass Co
5,100
9%
93/4
Bearing Co
2,400
111%
9
Roller
7%
21% Mar 30
22% Jan
-5
100
-
19%
11%
13% May 25
26% Jan
-.13
-
Corp
29
5
'
17'
par
Brewing Corp. of America
42
:■/ 18
9%
109
109
9%
9%
18%
V
(The)....
Apr
Apr
Sep
14%
6
38% Jan
'
—_1
17%
r;
*40
111
111
112%
109
111%
111;
"•
TuT
42
Bower
300
-
43%.
43
w
*40
1,300
—-No
& Maine RR
Boston
43
*41%
44%
par'
Inc
Borden'Co
.1
.
11%
42%
•••
No
A
18%
5
10% May 10
17% Feb 25
2
$ per share
91% Jan
5
:
*
Stores
Borg-Warner
29%
16%
18'A
•
>111
9
8%
9
110'A 111
:
9%
9%
111%
•
11%
•/: 29%
1 %
42
*18
18
9%
.
112%
26% :/
*41%
Class B
Bond
l.ooo"
26%
,
—
Brass
class
Co
"9,200
'
26 Vt
%
■
•40
111%
9%
*111
5%
Ami
11,400
;>
5%
35 Va /'
44%
*
42
*40
>/
Bon
90
V
4,700
35%
16%
1%
i.Jf.V
5% '
42%
A
&
33% >
44 JA
A
1%
27%
113A
44%
Bohn Aluminum
110
32%
29%
43%
Co—
4
Highest
$ per share
41 Ve Jan
100
5
preferred
Boeing Airplane
38% May
19% Mar
8
1942
13% Jan
5
9% Jan 26
76
Jan
9
14% Jan
2
No par
'
26%
29%
.
/
-
32%
>■ 11%
*43
%
11%
29%
.
93%
27% //
:
Co
&
5,000
/;■ 1,200
,
353/4
*25
mmm
V
26%
29%
11%
.
55
Blumenthal
•
;
48
•42 Va
11%
,
26%
5%
26%
29%
f)
:
35 3A
35
*25
*42%
■.
53/a :::•;
53/a
29%
44%
•
32 %
;
18%
47%
V8'
48
26%
•/;•. ;27
98
*91%
v
26 Va
327/a
34%
27
11%
m
29%
*41%
w
v':
53/a
,
:/.
48%
'
27%
32%
34%
34%
V—
11% •■til %
29%
;
27
33%
32%
;*•
t
273/4
27
'
34%
26%
26
•'">
.
>33
48
*47%
•'
:i
par
5
Bloomingdale Brothers
55
92
t#
No par
No
Year
Lowest
$ per, share
share
27% Jan
16
Jan
6% Jan
No pur
Mfg Co
Co
Bliss & Laughlfn Inc.
200
,
18%
18%
'*»
Blaw-Knox
14
*93
•
18%
94
17%
*13
■
Bigelow-Sanf Carp Inc—
Black & Decker
.4,200
93/4
/ *17
'
;
18%
*92
18% /
9%
$ per
Par
2,500
36
18%
>
Range Since January 1
Lowest
Highest
.
'
*93
98
'*■ ■••'•V-.
93/4
14 Va
*13
13%
18%
x93/it
:
EXCHANGE
2,900
36
36
18%
36
17% />
.17%
17
*,13 Va
"*
9%
10
35%
19
10
■
Range for Previous
STOCK
NEW YORK
V
Shares
$ per share
$ per share
$ per share
35%
$ per
per share
for
the Week
June 4
June 3
June 2
•
■
44
■
Feb
Nov
24%
Oct
6%
Feb
21'/a July
3% Jan
25% May 20
;
10%
Nov
69 %
6
Deo
95
Jan
10
Jitn
17
Deo
"
V
*1%:
1%
California
2,900
v/f 20
>
Packing
preferred
t5%
2,600;
No
4.
8%
8'A
Hi'.
83/a
8%
9,000
Calumet &
17%
17%
17%
17%
17%
17%
18
18
183/4
4,400
22 3A
22%
23
23
23%
23
23%
4,300'
38
*35
Campbell W & C Fdy
Canada Dry Ginger Ale
tCanada Southern Ry Co_
Canadian Pacific Ry
♦36%
38
*36
:
10%
9%
45%
45%
95%
31%
*5
-
5%
*120
143
•
47%
121%
48
110
48
>
41%
42
9 3/a
9%
46
46
*5
95%
29%
5 Va
5 Va
122
140
140
*140
48 Va
49
48
38 3/8
38%
39
105
300
Carpenter
Steel
Carriers &
General Corp
1
Case
t 4,600
i
104Va
124%
*123%
124%
124
124%
111
124
,111
:
*111
112
"
112
*111
170
;
,.
;
60
14%
14%
14 3/a
5,800/
320 *
5%
15
15%
15
15%
14%
15
15
15%
15%
17%
6,800
213/a
21%
21%
213A
21
21%
21%
22«A
22%
23
5,100
Central Violeta Sugar Co
913A
91
913A
91%
913/4
91%
90
9 l'A
21%
21%
21 3 4
21%
21%
21 %
23
22%
23%";
8,200
3Va
3%
3 lA
3%
3%
3%
3
3% '
2,800
105%
105%
3
it
107
♦106
*6%
106
106
•>6%
7%
>108
112 Va
39
39'A
39%
39%
6%
6%
6%
6%
:
106
111
■7%
6%
38%
6%
58
58
57%
58%
57%
18%
18%
18%
18
21
21
21
*106%
*107
107%
25%
*23%
25 Va
*25
44%
*99%
*99%
105
8
8
14%
,44%.
44%
63/4
12'/a
14%
6 Va
6%
6%
.
53 Va
52
53
53
1%
lVa
1%
.1%
1%
2Va
2%
2Va
2>/a
2 Va
2%
2%
2%
2%
1%
1%
16
16
*29
32
*29
77%
*14%
/
2%
2%
45%
5Va
*37 Va
*113%
*34%
2%
.
*29
32
78%
81
80%
81%
15,600
14%
14 Va
14%
14%
14
14 Va
1,500
>—• 0 NS
102 3A
102%
46%
*434
5 Va
.38 3/4
39
125
*73
113%
113%
35
35
39.
130
74%
113%
35
104%
91"
*52
55
35%
44%
35%
*144
♦144
1443/a
*108 3/4
35%
110
44%
*73
113%
*343/4
104
'*90%
*52
44%
5
38%-
*37'%
*130
130
*74
74%
113
1133/4
35%
36
105
104%
90%
90 3A
*52
55
44%
44%
353A
35%
144%
144%
144'/a
*144%
110
110
65
65
110
65
65
110
*64 %
*107'A
25%
25%
113
*109
35%
"
443/4
146%
18
10%
11
11
11
*10%
*103/4
23%
23%
23 V2
23%
23
*23 Va
23%
23 Va
23%
22 3A
&
100
Pacific
preferred
No
111
65
%
11 %
13%
1%
par
21%
800
/
11
*10%
23%
22 %
"223/4
22%
22%
"22%'
223A
*22%
•
City Investing Co
City Stores
Clark Equipment
4
120
C.
11
22%
■
.
22%
1.
C.
& St.
LoUis Ry. Co
preerred
Preferred
Coca-Cola
f
v
2,700
800
—J
Colgate-Palmolive-Peet
t$4.25 preferred
Apr
4
15
Apr
29%
Deo
May 24
82
Apr
97%
Deo
110
Apr
120%
Jan
1253/8 Apr
27
112
Apr
19
143/4 Apr
5
92
23 Va Jun
17
4%
&
Southern
1st preferred——
4%
2d preferred
-—
Columb Br'd Sys Inc cl
Class B
% Jun
Apr
1% May
00
4
11
82
113% May 10
-
8
4
1%
65'A Apr
1
23%
193/4 Apr
6
21% Jun
4
108
07%
15%
Deo
Deo
8%
Dec
753/4
Deo
23%
Jan
2%
Nov
110
Jan
3%
18
Oct
Jan
33/4 NOV
104
Jan
35
Deo
Oct
Apr
3%
Nov
Jan
32%
Deo
19
Jan
18%
Oct
Sep
143/1
Jun
93
May 17
Apr
100% Nov
5%
9%
Oct
Apr
36 3A
Jan
89
3
101% May 17
Apr
27%
26% May 22
45% May
Apr
42%
July
27
Apr
7% Jun
,
Jan
Jun
2%
7% May 13
41
Mar-
1%
4
Jun
Aug
Feb
10
4
15
23
>.
Apr
0%
3% Mar 12
9 Va
Apr
98
Feb
par
No par
-.-100
—No par
.100
-100
100
2.50
2.50
.
;
21% Jun
2
83A
jun
133A
Sep
13% May
3
4%
Jan
7%
Nov
22
Apr
5
12
Aug
17%
Jan
41
May
1
May 27
32
Apr
393/4
Jan
47
July
52
Jan
54
2% Mar
3
A
Jan
%
Jan
1%
1%
Sep
Jan
11%
Nov
ll1/* Jun
133/4
Feb
4
%
3 V2 Mar
3
V& Mar
153/4 Apr
30
4
5
Mar 16
Jan 12
Jan
4
Jan1 2
Mar
3% May
4
1
Deo
May
6
20
81% Jun
4
43%
>15% Apr
6
9
Jan
103% Apr
3
62
May
2
32
32% Apr
Jun
51
6
Mar
4
28
Jan
18-
120 i
39
130
673A
Apr
May 19
107%
Jun
Mar 30
90 3/4 Jun
77% May
50 Va Feb
47
3
16
48 % Mar 30
39
,
88
Jan
4
62% Jan 11
65% Mar
5
4
2
3% Jan
2
2
6
2
3
Jan
15 A Jan
15% Jan
22% May 18
108% Mar 31
26% Jun
111
Apr
18% Apr
4
13
6
12% Apr
2
34
3
39 %
Sep
Feb
Jan
Deo
Aug
Apr
Jun
Nov
125
Deo
72
Mar
112% Nov
31%
102
Deo
Deo
84% Mar
50
Apr
25%
Apr
36%
Jan
Jan
Jan
Jan
149
Nov
56% Mar
92
NOV
63%
Jan
139
'
55%
Jan
Feb
11% Mar
97 %
Apr
10% May
96
May
470
Feb
17% Nov
107 Va
18%
108
Deo
Oct
Deo
18%
Jan
Apr
4%
Sep
May
5%
13% May
%
1
% July
5
5
8%
Apr
10%
x24% May 20
8%
Apr
16%
24% May
Sep
10 3/4 Aug
09
44
143/4 Mar 15
12 Va May 12
70'A
May
470
—
2%
25
32 %
Mar 31
4
2% Jan
22
May
953/4 May
37% Mar 29
105.
8
4
Dec
May 24
Jan
7
Jun
73
Jun
103% Jan 12
Mar
114
111
17% Jan
108
Jan
14% Jan
Jan
Oct
2%
5% May
>
150
16% Jan 11
8 3/a
Mar 30
17
May 13
142
par
No par
y.—No par
preferred
Colo Fuel & Iron Corp
Colorado
•
77
06
May 26
107 % Mar
2
33% Jan 12
100
No par
Collins & Aikman
1,470
120
;
conv
No par
No par
No
—No
(The)—
Intern Corp..
Jan
84
Jan 23
50
Feb 6
38 V2 Jan 2
—50
1-5Q
-
-
Co
tClass A
4,100
350
par
100
100
1—5
stock
Climax Molybdenum
Cluett Peabody & Co
5%
/
30
39% May
8
24% Jan 30
67% Jan
7
10% Jan
2
96% Jan
4
27
Feb 10
2% Jan 13
33 / Jan 13
123
Mar 17
67
Feb
2
109% Jan
4
28% Jan 22
101 % Jan
7
25
5
No
tClev & Pitts RR Co 1% gtd
30
2,900
par
,-No par
100
100
Clev El Ilium $4.50 pfd
No par
Clev Graph Bronze Co (The)
1
5% preferred
100
C.
4,000
10%
u
10'%
\
18%
9%
No
Chila Copper Co„
Chrysler Corp
City Ice & Fuel
6%% preferred
113
18
—10
Oil
•
Coca-Cola
21%
10%
11
Cotton
Jan
Jan
Jan
11 Jan
100
100
preferred
Childs Co
...
-
2123.
Isl
Chickasha
20
*109
113
10
11%
146 Va
26%
17%
2,800
*144%
*820
103A
page
Rock
,
3,800
110%
65
"17%
For footnotes see
—
Mail Order Co—
Special gtd 4%
353/4
107%
.
170
20
443A/
44%
*64'A
110
17%
*10%
500
>
35%
36
10%
11
200
36
105%
26%
*109
113
20
55
10%
11
preferred
Chicago Yellow Cab—
5%
91%
18
11
*35%
*105
*90%
1034
11
113 3A
*52
17%
~
*113
55
17%
11%
—
74%
90 3A
11
11%'
140
107%
25%" 26%
107%
*25%
1133A
400
383/4
8
*74
74%
1,300
200
26%
1073/a 107%
253A
*107%
21 Va
*125
/>'
26%
107%
21%
5
38%
38
.140
105
51
107 3/a
21%
21V8
5
50 Va
*4%
49 v'
40 '
102 Va
102%
21%
107%
21%
21%
102%
*820
*820
213/a
*109
*37%
*125
49
5Va
35%
*780
112
,.
*102%
51
35%
110
643A
*740
*43/4
5 Va
104%
44%
49
47
*90%
443/a
*
102%
54
11
31
*29
31
79%
91
*17%
2,500
.2%
14
*90%
*110
16%
2%
78 3/a
*513A
*64
*29
16'A
2%
23/4
*2%
•
*15 %
16
16
2%
14%
104%
*104
k
400
16'A
78%
74%
*73
100
.,15%
14
130
130
2,700
.
1%
6%
78
46
Chic
2,900 /
2%
*14
:
1,100 \
2%
1%
2
14%
250
78%
102
102
14%
/
5
106
8% Jan 13
33% Jan 2
-
16 "it
32
1%
2'„
15
100
1 Va
1 Va
2%
32 Va Jan
Chicago Pneumat Tool
No par
$3 conv preferred
No par
tPr pf ($2.50) cum div_—No par
1%
16
49 % May
6
8
6
2,200
41
54
Deo
Jan
15 Va
37
48%
&
19%
*53
Dec
117
Deo
41
:
78
130
6
Jan
19%
1%
15
Apr
Nov
41%
*1 Va
*14
May 10
140
23A
19 '/a
2
123
3% Nov
23/4
19%
,
2'A May.
543A Apr
6
83A
5%
*14
Jan
5 3/a Apr
28% Nov
Apr
Chicago
&
89
Apr
22% July
Jun
1,800
•1%
77
Jun
15,800 '
15
Apr
31% May 29
%
11%
1%
Dec
x96
Feb
4% Nov
1%
21%
*14
38%
Apr
2%
11%
54
32
May 11
21%
54
37%
Jun
May
9% Apr
7% May 12
11%
*53
29% May
1% Feb
46
42
17 Va May 13
21%
*41
Deo
Aug
73A Nov
6
4
4
11%
19'A
33
Jan
7
21%
42
Dec
33A
2
12
19 Va
27%
11% May
Nov
2'/a Jan
10% Jan.
6
Jan
21%
♦41
Mar 31
38
7%
50
i— 50
-—5
Chicago Great West RR Co
4,800
6%
,
15 V8
5
12
19%
163A Nov
Apr
7% Jan
21%
42
Jan
9'/a
2% Jan
6%
19
11%
7
95V8Jan
12%
*41
53A
7
40
207/a
193/a
6
7
par
i_No
Co
A
12'/a
42
/•'-
Class
4,900 V
6%
*40
Jun
9 % Apr
19 3A Apr
•
14%
14
Nov
1% Jan
100
Chic & East 111 RR
2,600
6 Va
21
2
25
7
17% Jan 12
18
Jan
5
99% Jan 8
5
25
Mfg—
Preferred series A
8 V8
7%
7%
14 V«
Cab
Chesapeake & Ohio Ry
100%
*99
8
8Va
Deo
53%
Jun
1
23% May
4
7
13
23
9
96VsFeb
1
8V» Jan
2
76% Jan
2
16% Jan 12
1% Jan
2
973/4 Jan
4
3 - Jan 12
13
Jan
2
> ; 3
Jan
7
98
Mar 19
x33
Jan 14
3
Jan
2
No par
100
& Fib Co_
Jan
119
No par
-
preferred
Checker
12,300
45
143/4
.
6%
400
24%
*24%
44%
101
*99
10
14%
'-.t S
8%
143/4
*19%
*53
.
Cham Pap
1,000 '
'
—100
Chain Belt Co
63/4
20%
12 Va
45
Products
6% prior preferred
500 '
21%
—No par
1
20 Va
63/4
20 3/a
25
443/4
':
102
*99
102
8%
14%
/;
>
14%
25
25
45' /
44%
45
*106%
Certaln-teed
1,270
107
107
100
Preferred
18
21%
21%
107
No par
Cerro da Pasco Copper
1,500:
11,000
61 ■■■■■
18
Co
Foundry
Century Ribbon Mills
: i
-7% '
18
Central
200
38%
7
7Va
60
21
107
*106%
25
108
111
;
38%
59 Va
21%
*20%
Va
•108
*17%
18
*20 3/a
7%
i 39
preferred
Central Aguirre Assoc
130 *
;
6%
59%
593/4
18 3/a
6
,v"
106
106
111
*108
'
39%
39
3%
%
106
•
*6%
7%
*63A
7%
113
*105
*108
*90
22%
Apr
1 % Mar
40% Jan 21
26% Jan
7
95% Jam 26
No par-
series
1100
No par
_1
Central'111 Lt 4%% preferred—100
tCent RR of New Jersey
100
913/4
21%
Jan
%
56
8
3V8 Jan
8
77% Jan 11
—No par
Caterpillar Tractor
5%
*
14%
14%
14%
14%
104
127 % Jan
prior preferred—ilOO
1% prior preferred
100
7% 2d preferred."
100
Celotex Corp
No par
130
105
-
Celanese Corp of Amer
"
*103%
'
Co
16%
60%
29'A Apr
8
25V4 Jan
-100
,
1
Mar 27
7
2
.
6,900
49%
(J I)
—5
1
-.100
Co
Preferred
20
/ 39% r
39
39%
V
V
3A
1
—10
fCarolina Clinch & Ohio Ry——100
900
143
6% Jan
Jan
Jan
Jan
Feb
Jan
Jan
Jan
x85
Jan
15%
13%
29%
63/8
36%
4%
40
v
.
700
122% "
122%
121
/
% Jan
par
270 4
95%
29%
139%
*103 Va
Capital Admin class A
$3 preferred A
80
30%
6
No par
—5
—100
—25
No
Mills—
Cannon
300
'
122
Hecla Cons Cop_.
900
46
121 %
48%
12,200
9%
5 Va
*29%
5Va
103/4
47%
;:V
124%
112
14%
31%
10%
95%
95
95 %
37
*35
10%
139%
39 ;,
124%
*45%
95 %
5
' 104%
*110
J
14%
/'
143
1
104
124 'V
14
V
121%
38%
38%
110
31
*139%
*9 Va
*30%
95%
:"'Z/'3>r
,41%
*41
46
*45%
8Va
37
10%
9%
*9
4
46
V
105%
124
40 Va
5
48%
104 'A
40%
9 3/8
31
'
38%
*
40'A
95%
v
121%
*139%
1034
*45 %
95'A
31%
10%
9%
it
11
40%
40%
*9%
*35
38
>
10%
10 Va
40
r
22%
22%
22%
'
X7%
8%
53V4 Mar
1
17%
8Ve
22% Jan
par
50
Zinc-Lead—
Callahan
Sep
Sep
Deo
Deo
THE COMMERCIAL & FINANCIAL CHRONICLE
2116
Monday, June 7, 1943
NEW YORK STOCK RECORD
LOW
Saturday
May 29
S
per share
SALE PRICES
AND HIGH
Tuesday
Monday
May 81
$ per share
Friday
Sales for
June 4
Thursday
June 2
$ per
$ per share
share
4%
4%
4%
5
4%
5%
66 Va
65%
67
66%
67%
66%
67%
68
69
58
59
60
60%
61
61%
61
61
61%
62%
93
93
93
93
92%
91
91
*90%
93
600
17 Va
17%
17 %
17%
92%
16%
16%
16%
16%
39%
39'/a
41%
38%
38%
*37
41%
42%
42
*38%
Y
39%
*
40
.
40%
;40%
♦106V8
106 Va .107
*
107
106 %
107
5%
17
37
.
42%
107
Columbia Gas & Elec
108,800
4,700
17%
37
42%;
40
*106%
i' ;
4%
42%
8%
Columbia
Pictures———No
$2.75 conv preferred-—.
Credit™—™,
600
par
No par
5,600
Commercial
8,900
200
t$4.25 conv pf ser '35——No par
4%%
—10
preferred™
conv
*11014
14%
1
110%
14%
14%
43
44%
110%
111
1
59%
■
44
44
14%
1
;
44%
•
110%
14%'
44
433/8
110%
110%
1103/4
14%
Xl4%
14%
14%
14%
57«
58%
23%
24
*9%
10
1
1% V.
'
44
110 3/4
1%
57%
%
58%
57%
58%
59
23%
24%
*10%
59%
43%
110%
10%
10
10%
24%
24%
24%
i
57%
~--i.No par
Commonwealth & Southern—No par
1
172,600
$6 preferred series
6,300
No par
—.
.
;
.42% Jun
14
Jan
Jan
Jan
2
2
2
106Va
44%
111
15%
l Va
59%
2
25
Ja.i 19
Jan 15
Jan
5
31
1
25
4
10
27
Feb
45%
Jan
Mar
84%
Deo
5% Jan
11 %
Oct
35
Oct
51
24
Jan
2% Nov
54
1
Jan
'
10% Jan
91% Apr
3
Mar
Jun
Mar
May
May
May
Highest
$ per share
j
1
Sep
30% Sep
29
Sep
Jun
2
Jun
4
Jun
4
May 29
18
Apr
5
39 % Jun
1
21'% Jan
Commercial Solvents
8,900
;
$ per share
5%
69
62'%
93
2
2
Jan
2
Jan 13
Jan
7
Jan 11
Jan1
104%
29%
107y4
9'A
3%
36%
—100
•
42%
Lowest
$ per share
Jan,
25'/a Jan
Comm'l Invest Trust————No par
107
*106 y8
1%
40%
37
79%
9
30%
—100
5% preferred™.
——
..100
Columbian Carbon Co™.
No par
2,200
.
$ per share
No par
preferred series A—
Year 1942
Range Since January 1
Lowest
Highest
Par
/,
Range for Previous
/
vy...
Y ;
EXCHANGE
640
5%
Y;v,
;
STOCK
NEW YORK
Shares
64%
5
STOCKS
'•
■
the Week
June 3
$ per share
$ per share
Y.
,
Wednesday
.
,
June 1
-
20%
29JA Deo
'
105% Nov
34
Jan
Dec
109J/4 Dec
100% Mar
7% May
A Jun
10V4
Ai
Jan
21% July
44%
Jan
Oct
17%
23% Jan
3% Jan
"
237/a
10%
23%
22%
r,
24%
10
23%
•105V4
23%.
24
24%
24
;
v
24%
9%
24%
22%
22%
23
106%
*105%
108
*105%
103%
103%
103
22%
103% 103%
24%
22%
106
23
106
10
9,000
103%
;:
'
24% * 24%
223/4
23%
109
103
Conde Nast Pub Inc
25
Co—
—No par
y'r 27A
17 Va
Consolidated Cigar.
;
—No par Y
10y4
7% preferred
.100
89
6%% prior preferred
100
90
1,900
/Y'Y'Y 230
180
.
Edison
Congoleum-Nairn Inc.
3,200
.
103
103%
103%
223/4
*105 Va
109
Commonwealth
1,900
Y
"
No par
-
1
Jan 13
10 % May 27
7
V 24% Jun
2
Jan
2 : : 23% Jun
3
Jan
5
106'A Jun
1
,
Jan
v
May 21 Y
6
104
2
63A Apr
203A May
98 3A Mar
3% May
19V* May
4
May
Apr
1% Jun
12%
Jen
18%
I
Deo
89
9% Aug
74% Aug
Dec
12%
Apr
Feb
Apr
97% Feb
11%
Sep
Apr
167/a Nov
78
Apr
94
83
-
'
5%
20 Va
97 Yt
97%
'■
5%
5%
20 y4
20
98
97%
97%
Y
3%:
3%.;
3%
3%
18%
18%
3%
*3%
3%
18%
3%
.
>
.
'
25%
25 Va
3%
17%
17%
25%
3%
,18%
18
18%
25
.
■
Y
'
Va
*9
9%
9J/a
'
15%
15%
23
10%
11%
:
Y
*106% 109%
25 Va
25
9: -vY;
9
14%
11%
109 Va
36%
;
,'Y
*62
;
Y 98
..
15; Y.vi
64
"v;
25
17%
Y.
24%
24%
9%
*62
98
98
97
23%
*227/a
11
:
108
108
35%
Ya-
98
11
11%
«■
21,700
89
Continental Bak Co
1,400
110
K* O CO
x4% Jan
96
Jan
2
98%
6
23 Va
7
11%
5 Y 108
26% Jan
7
100
8%
preferred
-100
-
14%
14%
14%
14%
*14%
14%
14%
143/a
1,700
Continental Diamond Fibre
48%
48%
48%
48%
48%
48%
48%
483/4
483/4
1,300
Continental
6%
6%
6%
7%
7
7%
x6%
34,600
Continental
35
35%
:YY
35%
:
7
34%
36%
36%
8,500
6%
■"
7
35%
35%
35%
x34%
35
24%
*24%
24%
*24%
24 %
24%
24%
*24%
25
13%
13%
13%
13%
13%
13%
13%
13%
13%
48%
48%
*48%
49%
*48%
35%
*24
■■
49%
*48%
49%
44%
45%
45
45%
44%
44%
*44
60%
60%
60%
61
61%
60%
61%
178%
178%
178
178%
178%
179
179
49%
179
179%
*5%
5%
5%
5%
5%
5%
5%
53/8
5%
21/4
2%
2%
2%
2%
2%
2%
23/8
2%
20%
■Y 20%
20%
19%
105% 106%
105%
20
106
22%
22%
21%
21%
291/4
29%
29%
213/4
105%
223/4
223/4
21%
30%
30
53/8
21
21%.
400
s
Jan
3
Oct
4
2
15.
Jan
16
7
8
49
Apr
8
7JA May
6
Mar 30
3% July
2%
103% Jan
28% Dec
30%
47/8 Nov
17
6
37
2
.47
5%
,
2
2
2
5
4
25
conv
Mar
180
Jan
Jan
Jan
Jan
16% Jan
preferred.;——100
Cream of Wheat Corp (The)
—2
•••'
2
6
2%
U
Y, 14%
95
1
-1
Co—
Crane
Jan
176
100
—-
Apr
7
3
May 17
2% May 22
Jun
22
4
106'A May 29
23% Mar 12
45
Apk
Apr
Apr
:.27%
Mar
8%
61% May 21
Jan
*2% Dec
2% May
50%
Jan
8%
Apr
Apr
5
Apr 14
53% Jan 20
Dec
5
Apr
Apr
5% Sep
15
49
—25
Jan
116% Oct
21%
25% Apr y 6
Refining-—
Nov
96V*
Apr
77
37
Products
Nov
May
11% July
8
;
9
39
82
7
Del
8V4 Jan
Jan
Jan
4%
22
2
of
Coty Inc————
Coty Internat Corp™.
26,100
570;
22%
1
9
25 % Jan
Oil
t Preferred
2,500
22
367/a Jun
Jan
7
Apr
Jan
18% Jan
x9% Jan
45
Jan
Corn
3,000
106
105%
Motors—.
Mar 19
May 12
Jun
2
May 18
403A Jan
4% Jan
-5
$2.50
% Nov
% Jun
1%
5
260
2%
v
22%
21s/a
22%
21%
21%:
*221/4
20%
105%
21%
106
*22%
22%
21%
105%
100
5,600
179%
.
Continental Steel Corp™
450
45%
.-20
—
Insurance--
Continental
200
3,000
61
60%
Inc
Can
Jan
Jan
Jan
7
No par
Copperweld Steel Co——5
tConv pref 5 % series———50
tCorn Exch Bank Trust Co—20
5,900
.
133/4
*48%
45
60%
*44%
Continental
16
No par
-
141/4
363/4
,
7
Jan
7%
27'A Mar 30
Y
34% Jan
47%
,
35%
;
16
Jan
4
12
12
20
10
Apr 30
16% May 10
70
May 7
12
7.
conv
35%
i4%
36
34%
4% Jan
7
5
17
21% Mar 29
16% May 14
243A Jun
4
preferred™—™
100
tConsumers Fow $4.50 pfd
No par
Container Corp of America—25
170
23 Va
•
Aircraft——1
Preferred
5%
It
5
7% Jan 11
2 Vt Feb 10
Consol RR of Cuba 6% pfd—100
Consolidation Coal Co—i.—25
400
-
11%
23
;
64
.
5
% Jan
—No par
Corp™——5
Consolidated Vultee
3,700
63
109%
$2 partic preferred
Consol Laundries
3,600
14%
,
4% Jan
15% Jan
91'A Jan
5
par
No par
industries———1
Consol Film
5,100
9%
No
$5 preferred——
7,400
14%
Copperjmines Corp—.
Consol Edison of ,N Y™
400
9%
/ 62%
11%
*108
17
Consol
1,900
,3%
>14%
14%
98:
11
*
17%
VY;Y 9
23
;
5,300
*3%
3%
'
.
23
;
2,800
..3%.. 33/a
*17%
18
.
18%
\
17
0"
,
23%,
11
*106%
35%
22%
•
-
98
23
;98
64
98;
64
98
Y 64'
//
17% Y -Y
25
.
15%
v/ 64
■
17
;
9Va
15
.
/Y
8,800
14,000
97%
973/a
;
■
3%
18%
3%
18%
18
5%
.20%
20
20%
97%
98
,3%
.
5%
5%
20
20 %
97%
3%
*3Va
.
20
•
5%
5%
5%
5%
20 Va
51%
23% Apr
42 % Apr
159
Apr
-
Jan
37Va Dec
Dec
58
Oct
179
3% Nov
2% May
13 Apr
10% Apr
85
Deo
21% Nov
>12% Jan
% Nov
14%
Jun
Dec
98% Nov
12% Jan
16%
6% May
14% May
9%
Dec
20% Nov
32
41
.
'43
*42
.
*41%
/
30
*41%
42%
T
*21
29%
305/8
30%
42%
42
42
15
15
15%
14%
15%
15%
16
93
93
93%
94
94
94
93%
93%
35%
36 Va
35%
36
35%
36
35 3%
36%
*79%
80
79
79%
*19
19%
19%
12 %
12%
111%
111%
Y;
153/8
15%
200
36%
79%
79%
193/4
193/4
19%
,
13%
13
:
111%
12^8
*110
113%
110
♦102
110
No par
$2.25 conv preferred—
Crown Zellerbach
5,200
35%
,
Crown Cork & Seal—-—
200
Y
94
*93
Crosley Corp (The)——No par
2,800
3,600
30%
42%
42%
15
-
21%
No par
Corp---!
—5
t$5 conv preferred—_—No par
Crucible Steel of Amer
No par
'
4,000
•
79»/4
;
79%,
V
*18%
i
19l/4
;
12%
12%
12%
*109
*101
110
18%
18%
18%
25%
25%
*24%
-
*104
107
*6%
6%
'6%
'■
77%
.
*75
35%
36
*35%
12%
111%
106
*98
*75
19%
12%
111%
*109
'.*104
19%
*109
103%
19%
19%
25%
25%
*104
108
*75
35%
36
8%
'8%
8%
8%
23%
23%
25%
23%
19%
■:-'s
6%
v»;
X34%
8%
100
*86
21
105
*86
100
X20%
.21 ,:Y:'
100
21
*99
6%
*18
6%
,
22
*6%
*18
21%
6%
22
v ;
6%
18%
18%
18%
18%
*112% 113%
112%
112%
113%
113%
*113%
17%
17%
17%
17%
17%
17%
35%
36
36%
36%
Y-
36%
17 y4
500
22
5,600
117
.
20
17%
1,900
373/4
37
37%
12,800
*33
34
*33
34
34
33%
333/4
333/4
333/4
300
*19%
20%
20
20
20
20
20
20
20
20
400
16%
15%
16%
15%
15%
15%
16%
153/4
16
9%
9%
9%
9%
9%
9%
10%
10%
10%
29,000
2%
2%
2%
2%
2%
2%
25/8
23/a
23/a
1,600
18%
19%
13,000
35%
35
16
9%
Y 2%
18%
*45
•
18%
18%
*48
60
27
*33%
19
18%
*48
60
27%
27%
31%
32
313/4
40%
40
40
15%
15%
155/a
28%
28%
31%
*40
40%
•40
40%
15%
28%
28%
'93%
*91
*40
15%
28%
*91
93%
/
Preferred
4,100
8
Jan
8
Jan
Jan
Jan
Jan
2
2
2
2
Jan
2
1%
30%
.—No par
17
—1,6%
1
22
pfd——100
96
84
—
Cutler-Hammer Inc
Nopar
-
5%
—25
Corp (The)—1
Dayton Pow & Lt 4%% pfd
100
Decca Records Inc—
Detroit Edison—
Diamond T Motor Car Co———2
Distil
Corp-Seagr's Ltd—No par
5% pref wtth warrants——100
Dixie Cup Co—
—No par
21%
69%
16,100
1,700
152%
152%
152%
152%
152 3%
1523/4
2,500
Dow Chemical Co—
34%
•1181/4 120
122%
*115%
93%
*14%
32 ,V
35
14%
500
42%
42%
720
313/4
Y
3P/4
1,700
5,800
Dresser
8%
3,300
500
Dunhill
113/4
156%
157'
128
128
*127%
128%
*119
120
*119
120
*119
121
122%
1553/4
122%
3,165
156
200
No par
-
—No par
No par
Douglas Aircraft———No par
34%
*115%
129
-
Doehler Die Casting Co
8%
122%
*128
Class A—
*11%
*115%
8%
12
156% 157%
158
128% 128%
*118% 121
3% Mar
19% Feb
1
17
7
Jan
2% May
A
Jan
14% Apr
Jan
IOV4 Dec
27 V4
Dec
30 Va
Nov
l3 Va
Nov
11%
Oct
47/a Jan
I Va
Sep
18%
Jan
40
Mar
l
48% Apr 30
29% Jun
4
37
Oct
37
Oct
7
14
Jan
21
Jan
18
Apr
27Va Jan
22% Dec
1,200
2,600
68 y4
*117
Mar 31
110
87
15%
28%
21%
156%
Mar
4% Apr
18% Apr
25 V4 May
9% Apr
70
15%
70%
—f
102
9%
69%
122%
16
183A Apr 29
37% Jun
4
39 %
70%
128%
Feb
114
17% Oct
12% Nor
6% Aug
16% Mar
70%
156%
Aug
33Y4 Apr
70%
156-
8
17
preferred-——25
70%
*117
15% Jan
40% May 13
partic
71
*128
Dec
2% Apr
3
4
7
19
6
6%
71
34%
4
May 24
Mar
Y 18% Jun
Jan
100
40%
Dome Mines Ltd--
■■8%
Oct
33% Mar
21%
*11%
Nov
IS
6
21%
8%
81
Jan
21%
12%
Jan
12% Jun
26
37
20%
35
Oct
44
173A
21
8%
Jan
25% Jan
95
No par ;Y
20%
34
9 V»
5% May
No par
21 Va
*11%
'
Oct
Devoe & Raynolds A—-
20%
8%
16% Jan 12
—20
20%
Jun
Diamond Match—.
32
12%
5
12
1,500
31%
35%
2
Jan
%
Oct
32% Nov
1,480
32
8%
2
3% Jan
Dec
2 -
Jan
13% May
29%
31%
34%
83A Jan
50
Jan
19% Sep
32
*91
14%
*11%
100
3!
13 Va
100
Jun
20% May 19
17 3A May 5
103A May i0
—
Feb
Jan
34
pfd——100
Mar
18
2
iDenv & R G West 6%
8% May
13
90
80
5
Delaware Lack & Western
Jun
95% peo
Feb 10
Mar 31
21% Jun 4
12
Delaware & Hudson—
■;
24% Mar 29
100
87
Jan
32
11%
11
Jan
74% Jan
Jan
31%
35%
20
Jan
9
140
2
May 10
May 10
May 10
Apr
8
13%
Jun
Jun
7%
BlVa
37
9%
Nov
Jun
103'A
Jan
42%
8%
Jan
8% Jun
5
12
14%
8%
10
Jun
88
6
Jun
3
May 21
Jan
84
.
3
20% Apr
12% Sep
88%
63
3
26
105
;
89% Nov
Jun
29
42%
11%
2
Apr
May
77
Dec
Jan
23% May
Jun
26
No
—
14%
35
9
10
Mar
13'A
lll'A
par
—20
Co—
Preferred
42 Va
152% 153
5
Jan
Jan
1083A
.1
Jan
Jan
44
3
16 ; Jun
Jun
1
94
6
377/a Apr
Apr
6
82
20'A Apr 30.;
Deisel-Wemmer-Gilbert —10
Deere &
14%
—
33A
17
12
9
—
preferred—
42%
152% 152%
.
Chemical
14%
*31s/a
Feb 26
Feb 10
15% Jan 4
—No par
Davega Stores Corp.
Davison
42
423/8
?
——
A——
41%
143/a
par
273/4
93%
423/a
•'
No par
——No
93%
14%
>*14%
-
Jan
100
Prior preferred
Curtiss-Wright
Class
4
18
-—100
-
Detroit Hillsdale & S W RR Co—100
60
10% Jan
^——5
;
„
Jan
*393%
28%
Y
—30
Inc—
7
2
Mar 15
28%
155/a
283/a
*91
Press
4%% preferred
Curtis Pub Co (The)
22% May
303A Jun
31%
'
15%
28
*45
31%
.31%
*91
19
60
29
26%
31%
/ *15%
18%
*45
27
*3iy4
26%
19
60
27%
—100
preferred———100
conv
Conv
18%
*113%
17%
1,700
6%
6%
183/4
115
2,300
—-100
Cushman's Sons Inc 7%
$8 pref en ed
21%
; *18
183/4
3,400
19,800
/
100
21%:
22
18%
330
105
*86
Cuneo
■
19,606
preferred
preferred
Cudahy Packing Co
1,100
235/8
*99
6%
*18
18%
17
: ;
5%%
10,500
36%
83/4
35%
Cuba RR 6%
200 }
Y
conv
Cuban-American Sugar
—100
t7% preferred———
100
■
30
6%
'
23%
*86
6%
35%
83/4
100
22
:
233/4
*86
18%
6%
8%
110
21,800
75%:.;. 77%
76.%
23%
*99
*6%
110
5%
'
330
r
'
*75
8%
110
*18
63/4
6%
800
20y8
26
26
*104
23%
*99
20%
26
8%
100
20%
193/8
20
23%
,
*99
20%
v
110
25%
*104
76%.
36
79%
*102
19%
110
6%
6%
77
231/4
103%
*79
Jan 15
Jan 12
Y
Jan
6
Jan
4
Jan
2
*
Jan 11
JanY 7
Y
gy2 Jan 7
'
7% Jan- 9
105
Feb
1
92% Mar 20
9
38%
37%
11%
81%
32
713A
No par
Mfg Co———No par
International—
—1
No par
100
—20
—No par
Duplan Corp———
B% preferred..
Du P do Nem (E I) & Co
$4.50 preferred—
Duquesne Light 5%
1st pfd—*.-100
8% Jan 20
21%
83%
10
38'A
22%
15%
56
Jan
Jan
Jan
Feb
Feb
Jan
Jan
8
13
2
18
20
20
5
May 10
Aug
Feb
31
Apr
90% Apr
5
1
14% Jun
2
7% July
42% Jun
1
32 V4 May
29
Deo
16%
Apr
26
Deo
8
Apr
16% Deo
51
May
95
Apr
134% Dec
1
13 Va Mar
16% Dec
May 27
2% Apr
•33
May 20
23% Apr
8
73% May 4
153
May 28
Jan 12
Jan
8
Jan
5
Jan
4
Feb 16
Jan
5
125% Jan 8
13% Apr
116% Mar
117% Jan 13
120% Apr
130 %
16
5%
9
116
134
8
35% Jun
9
Jan
Nov
9% Dec
70%
Oct
7
10 y4
8
8
Jan
9
112
Feb
120
102% May
Apr
111% Mar
127
1
158
Jun
129
Apr 26
5
120
Oct
Nov
July
144
Jan
Nov
118% Deo
•
E
38%
8%
38%
8%
169% 169%
*183
40%
185
38%
8%
38%
383/a
383/4
4,100
Eastern Airlines Inc—...—,
8%
8%,
*8%
83/4
8%
8%
2,000
Eastern
168%
*183
38%
169%
*167%
1673/4
167%
185
*182
185
167%
:
900
8%
169
169
*183
186
41
40%
.
41%
18
41
38%
41
403/4
38% Y 38%
*182
41%
40%
185
■■■■-_•
41
3,300
Rolling
Mills
*17%
37%
18
173/4
173/4
:*17%
17%
37%
37%
37%
363/4
373/4
37%
.37%
4,700
Electric
Auto-Lite
12%
12%
12 Va
12%
12
12 Va
113/4
12
11%
12%
6,500
Electric
Boat
4%
47/a
*4%
43/4
4%
4%
5%
6
53/4
5%
5%
5%
5
5
4%
47/a
6
5%
6
64
64%
■
58%
58%
63
58%
63
59%
58%
57%
40%
40
40%
40%
40%
*40%
30
30
30
29%
29%
64
64
*59
40%
*29%
*54
56
113
113
7Va
75%
7%
77%
80%
79
*85%
87%
II
For footnotes see page 2123.
*54%
'113
7
75%
80%
"85
*11
56
115
7%
75%
*54%
*113
55%
116%
7%
*76%
7%
78
613/4
30
553/4
*113
7%
78
1,900
.
10,200
*55
*113
7%
7Va
56
8
30VaJan
4
18% May 10
37% Jun
4
20%
3
10 Va Jan
2
14
Mar 30
9%
Deo
13%
shares
1% Jan
4
1%
Nov
5
5% May
6% May
65
May
59% May
Feb
IV4 Jan
Jan
1%
Nov
—
Electric Power & Light— -No par
10
20
27
27,
4
Deo
15
Jan
Jan
30% Dec
Apr
35 Va
Jan
Apr
32%
Jan
Jan
34% Nov
30% Jun
4
19
100
Endicott Johnson Corp-.
65% Jun
7%
5,800
78
77%
78
280
81
*80%
81
80%
81
290
*85%
87
II
1
87
20
1
2,000
preferred
—50
100
-
-
t$6 preferred
Equitable Office Bldg
116%
3
V4 Apr
39% Apr
Apf 20
107% Feb
Apr 22
IV4 Apr
40
Apr
46
July
May 12
47%
7
7% May 10
78
Apr 21
57% Jan
4
82
.No par
62% Jan
5
87
No par
% Jan
8
Engineers Public Service—
.No
t$5 preferred
t$5% preferred
49% Jaii
109% Jan 11
1
par
..No par
2% Jan
54
Jan
4
*
1% Mar
1
Jan
15
7
5%
Nov
38 ya
17 y4
23% Jan
20
Deo
180
29
—-3
116%
151%
Oct
11
700
'
87
1
11% Feb
5
,-
2
*79%
86V4
May
40% Jun
*85%
1
Mar
28
2
81
1
170
5.
20
87%
1
Apr 26
41% Apr
28 Va Jan
40%
55%
183
19
31% Jan 20
900
116%
18
Jan
33% Jan
1,300
30% "30%
Jan
.No par
1,200
57%
40 Vt
Dee
4% Nov
Apr
-No par
-No par
62
57
34
108
$7 preferred—
$6 preferred--
61%
58%
41
.
16% Apr
2V4 Jan
May 19
Elec Storage Battery—
El Paso Natural Gas
63
30
Elec & Mus Ind Am
6
8% May 28
2
(The)—,
—
40% May
170
35
18
5%
2
178
37%
700
13
3% Jan
4
Eaton Manufacturing Co—
Edison Bros Stores Inc-
18
*17%
31% Jan
146% Jan 20
Eastman Kodak (N J)——..No par
100
6% cum preferred—
36%
.
1
-5
—
A
Apr
Deo
'26%
Feb
49%
Deo
112
Oct
JbS
.66
Jan
73
Jan
83
Jan
%
Oct
II
v
-ow.AiUf'tv.vi. m
nv f
tui
f
Volume 157
Number 4183
THE COMMERCIAL & FINANCIAL CHRONICLE
NEW YORK STOCK
LOW AND HIGH SALE
Saturday
May 29
Monday
May 31
RECORD
PRICES
Tuesday
STOCKS
Wednesday
June 1
June 2
Thursday
Friday
Sales for
June 4
JuneS
the Week
$ per share
$ per share
$ per share
14%
14%
15%
14%
14%
501/4
*74%
14%
14 %
50%
50%
78
8%
•74%
8%
8%
15
$ per share
14%
14%
$ per share
14%
14%
3,300
14%
14
14%
14
14%
13%
14%
50%
50%
50%
50
50%
lErle RR
30,000
50%
2,100
*74%
78
78
8%
9
♦74%
8%
78
8%
•743A
8%
11%
11%
11%
1T%
11%
11%
11%
27%
27%
37%
27%
26%
27%
*1%
2%
2%
2%
2%
2%
2%
8%
lnt
Eureka
3,800
Vacuum
163/4 May
Highest
$ per share
per share
4
4%
Jun
10% Oct
Jan
9
3% Jan
32% Jun
Oct
12
16% May 4
523/4 May 19
10
39% Jan
44
Jan
68% Jan
18
77
70
70
Dec
Cleaner
13%'
2,800
Ex-Cell-O
2%
25/#
5,100
2,100
8
___5
Exchange Buffet Corp.
Products
$ per share
9
.——-...50
26%
Evans
8% Jan
.No par
12
15,100
;
Year 1942
Lowest
.^.-,..100
5% pref series A__.
Erie & Pitts RR Co
26%
<
S per share
No par
common
Ctfs of benef
78
8 3A
12
27%
2
Par
'
14%
27%
:
Shares
50%
-
Range Since January 1
Lowest
Highest
EXCHANGE
.
.
$ per share
Range for Previous
STOCK
NEW YORK
Co
33A Jan
——-.5
Corp——
2
53A Jan
24
——3
Mar 26
9% May 19
4
13'AJun
1% Jan
4
Jan
13
$2.50
3A Jan
19
Fairbanks Morse & Co—No par
Fajardo Bug Co of Pr Rico
20
Federal Light dc Traction
—15
33% Feb
4
42
21% Jan
6
6% Jan
2
4% Sep
4% Apr
28
May 27
2
17% Jun
29% Mar 30
23/4 Jun
Deo
20
3
7%
II
Dec
28% Oct
May
Jan
1% Nov
-
F
40
40%
40
40%
40
40
27%
27%
27%
27%
27%
28
16
27%
'V
40
16-16%.
17%
16%
17
40
40%
27
28
16%
*101
17
•
■
v
;
7,400
"
16
:
*100%
,
105
*27%
•100
28%
*16 »/4
27%
17
4
105
103
«
101
101
27%
*26%
16%
27%
*15%
/
27
16%
;
5%
5%
5%
^
5%
5%
21%
22%
22%
23%
23
23%
*90%
89%
90
90
90%
*90
90%
16%
16%
17
17% ;
17%
19%
21
16%
,
48%
36%
;
'»
37%
26
41
12
35
35%
.7...;
15
?
49
:
;
-1,600
,
preferred- series
First
National
A
No
7
*35
35%
*25
27
8%
8%
433/4
11% '
12
12
48
101
May
293A Apr
13
8
01
12% Jan
27
Jan
42
6
31% Jan
par.
28%
28
.
' /
*58
5
28%
105
38% May 27
:V'
36%"
273/4
106%
3s/8
33/4
28%
2
5
86
25 3A Jan
7
2
15
8
May 19
5;
45
Jun
4
93/4 Jan
4
123/4 Apr
29
Food
39% Feb
10% Jan
3
51
5
19% May *4
139
May26
9% Apr
114 • May
,
70
Machinery Corp——.,
440
_10
10
......
...
$? conv preferred.—
6 % prior preferred—
127
.No par
25
8% Mar 26
7
Mar 11
163A Jan
Francisco Sugar Co..—.....No par
6,500
-
,
55A Jan
5
May
21
8
10%
45
27
Apr
38% Jan.
15%
Apr
18
Jan
85% Apr
97
Nov
373/8 Jan
Trailer
Co..—_1
preferred..
17
Jan
2
96% Jan
100
12
18% Nov
30
28
conv
Nov
Oct
34% Apr
Fruehauf
136
Jun
58
160
Dec
12% Jan
5
16
1,700
107
Jan
42
38
Feb
10
Jan
11%
3
50
Freeport Sulphur Co
5%
36% Mar
•
May 25
F'k'n Simon & Co Inc 7% pfd—100
1,100
Jan
21% Feb
w
14% Sep
1
May
10% Jun
Dec
27% Deo
27% Mar
Foster-Wheeler
400
.
preferred....
28%
28%
9'A Jan
Feb
16%
96 '/a
18
conv
Nov
39%
Mar
19% Jan
Dec
26% Dec
105
May
36%
106%
'
22% Jun
105% Apr
35% Jun
t5%
64
36%
28%
105%
;
7
11
2.
V
10%
*58
153A Jan
,35/a Jan
20
9%
„
,
43%
Jan
87% Apr
29% Apr
,300
,
138
•
20
10%
64
36%
107-
*105%
20
10
*58
36%
138'
13%
4
1,300
;
173/4
Jan
30% Jan
:
s
.
48
173/4
87
14% Dec
97% Jan
25
Dec
4V« Feb
Jan
100
Food Fair Stores Inc.——..1
500
;
13%
18%
Apr
3
May
28 - Aug
83A Sep
2,600
v
,
12%
> 48
.
139
*193/4
9%
64
36%
28%
.
105
173/4; ;
19%
9%
37
48 ;;iv
173/4
*138
8%
400
45
12%
•
.
48
139
19%
10
64
*36%
104
*138
,20
9%
*58
36%
*:
139
8:
.45
(The) —.—.No par.
4
7
May
Jun
7% Apr
29% Apr
2
37% May
Apr
Florsheim Shoe class A..No parFollansbee Steel. Corp.......—10
1
-
Co
8
Jan
11% Apr
74% Noy
Mar 30
1093A Jun
Jan
24% Jan
Dec
3
6
50
14
8%
93
19%
4
19% Jun
8
253/s Jan
IO43/4 Jan
29% Jan
Jun
69% Sep
5
5
6% Apr
23% Jun
37% Jan
Jun
6
16% Mar 18
4
2
Jan
27% Apr
19
t$4.50 preferred————No par
Florence Stove Co—.
No par
150
/
27
•
18%
18
>
35%
.
; 12
*11%
Fllntkote
6,400
.
.
*25
8%
44%;.
;
22%
102
*35%
'
48
*47%
-7.:,
18%
•. .'213/4
-,
102
27
44%
r
;
Mar 26
-78,% Jan
100
Stores—.
•
Feb 18
33A Jan
Enamel
6 %
600
-
•
—
Jan
20% Jan
Corp
1
Fidel Phen Fire Ins N Y—$2.50
Firestone Tire & Rubber———.—10
200
38%
—2
14% % conv preferred—_._100
Ferro
4,700
1,800
1093/4
*37%
13
86
Federated
280
' 36%
-
loo3/*
22%
35%
*25'
"
8%
20
10
28%
*36
; 105
*102
42%
139
64
104
18%
48%
•
v
.
37%
213/4
22%
105 V:'
-
11%
20
36%
*102
8%
18
10
37%
38
21'/#
-
42%
*47
20
363/4 ;
8%
140
*58
*37%
49
*109%, 109%
41%
18%
,
;
,
26
48%
*17%
*139
38
48%
36%
109 %
■
-
12 >
*47%
,
18%-
'
,
36%
48%
36%
109%
■
102
35
.
8%
f
48%
-r
21
■>
*25
34%
8%
.*40%
48%
102
*34%
90%
19%
2,100
6,300
—5
Federal Motor Truck—No par
Dept Stores—
No par
200
*
23%
91
23%
No por
Federal-Mogul Corp.!
600
*15%
16%
55/8. 53/4
53A
183/4
263A
$6 preferred—•——
Federal Min & Smelt Co—
"
21
103
*25
-
36%
109%
20%
102
-
48%
36%
•109'/#
V' 38
37%
20%
>
:
109
16%
5%
20
'
-
48%
36%
*107
/
■
16%
7,200
103
26%
21%
90%
;A 5%.
>
29% May 12
Jun
4
107
Feb
May
G
♦3%
3%
3%
3%
♦3%
3%
3%
*13%
14%
13%
13%
*13%
25%
*24%
25%
25%
,/■
*25'/#
3%
/■
"
6%
6%
6%
9%
*9%
1
*9%
*13%
14
*51
51%
"
*9%
3%
3%
6%
3%
33/4
37/s
133/4 .'133/4
*25%
253/4
25
110
6%
9%
6%
9%
14
e%
51%
9%
9%
9%
9%
*104%
105%
*1033A
>
51
51%
k
.,50 :
8%
50
50%
51
50%
7
♦51
9%
50'/4
50%
9'/8
9%
"50
<
.
'
9
>
: 143%
*142
8%
*142
9
8%
143%5
9%
*142
143
143%
83A
v
143
9%
142
;
8%
>;■> .8%
8%
7%
7%
17%
;'7%
7%
17%
,94%; 94%
:
*17
:v/ 8%
8%
8%
8%
7%
7%
17%
7%
8
.
142
4,000:
50
'
17
94%
94%
94
30%
7
17%
30%
142%
■
.*140
38%
38
38%
39%
39%
40
117%
*117
2
3"
*30
142
*131
,
132
52%
*129%
53
*107%
108
1%
■1%
'
130
1%
40%
403A
41%
*115
117
2
100
*131%
7%
54%
55%
*129
553/8
42,900
1293/4
23%
129%
■
'
2
;
26%/
5%
$6
23%
23%
24%
233A
109%
♦108%
109%
1083A
1083A
*108'/#
1%
1%
1%
1%
1%
13/4
13A
1%
41%
*40%
41%
*40%
42
41%
41%
200
22%
22'A
22%
22%
223/a
22%
22%
4,100
41
♦40
41
22,%
22%
21%
14
14
80%
78%
14
14
14
14
*13
79%
80%
79%
80
79
22%
22%
22%
22%
23
23
23 ^
23
23%
23%
22%
22%
22%
22%
22
22%
*13
v
V,
:i
9
20
20%
19%
.
*110
<112
*110
112
*110
19%
20%
:
9
8%
9%
74%
11%
11%
81
81
74
*80
21%
20%
20%
20%
47%
*463/4
473/4
*46%
47%
1%
1%
1%
1%
;"v *3
3%
3%
3%
88%
*87%
883/4
40%
40%
40%
41%
95%
95%
95%
96%
••
•88
7:'.
81
20%
•
38%
100
81
203/a
20%
*46%
■
Girabel Brothers...
$5
473/6
•
!1%
£
Safety Razor...
preferred—...
100
4% 7#
conv
43A
603A
5
59
143A
Nopar
preferred—
50
40%
3%
•
88%
3%
88 3/4
1% :
4,100
Gobel
3%'
41 %
3
7
89
1,400 '
Goebel Brewing Co
...
1
Gold & Stock Telegraph Co—.100
Goodrich Co (B F)—-——No-par
*95
.40%
96
38%
100
*99
38%
39%
96
38%-
39
99%
39'/#
99'A
99%
100
50
'
41
96
89% 1 89% '
;
(Adolf)—
—1
—
40%
:: 95%
41
7,300
95%'
1,000
-
993A
38%
.
"
'
39
8,800
'
993A
993A
-:>•
8%
■>
preferred.
No par
Goodyear Tire & Rubb.i.
No par
$5 conv preferred——No par
1,700
—
•
73/4
8
8
8
8
Q
8%
•
8 1
7%
-8
■"/:
Gotham Hosiery.
Preferred
;
2,6C|?'
'
87%
873/4
87%
87%
87%"
*86 %
87%
"
873A i 87% \
87'A
110
-
No-par
*12%
13%
2%
2%
2%
6%
*6
•
2%
6
6
5%
*12%
13%
13%
12%
12%
123/8
33
33%
*24%
24%
6%
13
33%
*12%
13%
33
33
33
*24%
*5%
6
2%
*24%
24 y4
2%
2%
5%
12%
5%'
15,400
>
123/4*
12%
12%*
3,400
32%
333A V
2,500 /
24%
24s/8
24%
:
■
100
v
Grant
;
'
5%
13%
;
31%
16%
16%
16%
16%
31%
16%
31%
31%
30%
31%
31
~
*26%
26%
26%
263/4
•145
148
147
147
*55
62
*55
62
443/4
45
26%
148%
*55
44%
26%
149
62
-
-26%
149%
*55
'
16%
31%
—..20
16%
v;
27
-
149%
16%"
4,400
Gr Nor Iron Ore
31
31% *
8,100
Great Northern
2,300
Great Western Sugar*.——Nonpar
Preferred
—..—.100
26%
26%
*149
,62
44%
44
44%.
443/4
;
90
45
20%
20%
'203/4
20%
20%
20%
20%
12%
*12%
123/4
*12%
12%
12%
12%
123/8
123/8
16%
16%
15 %
16%
15%
15%
153/o
15%
1,600
203/4
12%
4
4%
4
142%
143%
9%
9%
9%
39%
39%
142%
39%
4
143%
9%
39%
20
4
*140%
8%
39
4
143
9%
39%
4
143.%
8%
383/4
4%
15 %
.
146
144%
9%
9
39
*25
27%
*25
27
*25
27
*25
36%
35
35
*34
36
*34
36
38%
27%
*35
16%
*16%
16%
*15%
15%
*15
*104%
'104'/a
105
For footnotes see page
16%
15%
105
*16%
16%
15%
15%
104%
104%
Xl6%
15%.
►103
16%
15%.
105
4%
.
12,700
'
700
• ^
15%
4%
1,200
v
146
9%
39
*25
-
36
6,900
150
•
9,100
1,700
27%
*34
17
15%
*104
Prop
Green
(H L)
1
5 %Tr conv
Gulf Mobile & Ohio RR_.
$3
1%
Water
—
preferred class A
Printing Co„
900
Hall
500
HamUton Watch Co
6%
No par
preferred—No par
17%
30
100
No par
preferred.—
10
Grumman Aircraft Corp.
...1
Guantanamo Sugar...:
—No par
8% preferred:
—100
•
Hackensack
10
Co Inc
No par
Greyhound Corp (The)
153/4,.
105
No par
preferred.
Green Bay & West RR—
443/4
45:
20%
'
-
150
*55
62
/
preferredL
*
—25
.—25
—10
-No par
—100
-
2
8
.
21»/a Nov
Apr
Apr
132
21% Apr ;
61
116% July
I3/* Jan
,102
Jan
64% Apr
122
Apr
87
Oct
131% Feb
44% Dec
Jan
128
Apr
13% Aug
1% May
1
Jun
3
Feb
10
30
110
May 12
4
1% Jun
41% May 10
4
233/a Mar
14% Nov
107% Jun
%
31% Nov
Apr
19% Jan
5
8% May
55% Jun
4
101% Sep
23% Jun
20% Mar 30
9% May 10
74
May 20
11% May 27
82% May 10
11
Feb
10
79% Jan
13% Mar
23% May 29
Mar 13
110
Oct
Mar
14%
May 11
14% Apr
82
5% Jan
109% May
% Jan
% Mar
23
Jan
149/4 Nov
3% Sep
99% Aug
iY Jan
10% Apr
101
Apr
2% May 10
25% May 20
July
Jan
3%
10% Mar
8
109
24 % Jun
Oct
40% Jan
122
273A May 10
Nov
30%
Mar
6
20
1
Jan
16% Dec
May
110
Feb
7%
Jan
15% Dec
3
Jan
5% NOV.
,
61
x40% Mar
4
Nov
5% Jan
Jan
Apr
50
65 '/a
213/a May 27
May
12% Sep
10
Oct
47
373/4 Jan
44
Feb
Apr
9
1% May
6-
Mar
4.
93
41% Jun
1
May 10
■39% Jun
1.
100% May 5
93A Apr 29.
-873A Mar 25-
U Jan
% Jun
6
3% May
i
23% Jan
2
Jan
2
Mar 1
Jan 19
Jan
4
Jan
4
10% Jan 2
2% Jan
2
81% Jan 19
3% Jan 12
253/a Jan 2
223A Feb 11
Jun
Jan
,/
o
1% July
2% Jan
,
Nov
73
13
.
82
Feb
Jan
27
Deo
.56
Jan
10% Jan
83% Dec
60% Jan
90% Dec
1% Jan
47/» Nov
X58
27
Jan
v
;
1,
5
Jan 18
Mar 13
7.
4
May 10.
6
6
63/4 Apr
14
Apr 21.
34
:
25% Apr
22.
Apr
1
18
32% May 10
Mar
27
3/
•
A SeP
2% May 10.
133A May 29.
U
5
9
29% Feb: 3
24'A Jan 27
15
Jan
6
21% Jan
7
35
12'A
9%
104%
Feb
16%
120
30
5% May 12
Jan-11
Jan.
7% Jan
593A
31%
14 %
-11
90'/*
Dec
81'A Deo
/■•/v/V.'/:-
8
138
Jan
66% Nov
3
<
8
Jan
2
Jan 12
Jan 14
Jan
8
Jan
9
Jan 11
4'A Jan;
< :
Oct
93/b
111% Apr
% May
May 10
Dec
3%
131% May
Jan
Jan
f
(W. T) Co.—J——.10
preferred—:
'
16 3/8
80
!
....
100 '
*12%
12%
33
Graham-'Palge Motors
,..1
Granby: Consol M 8 & P/.
5
Grand Union vfi div ctfsj.^—-No<par
Granite City SteeL;
.—..—No par
1,600 1
33
•
*24%
24%
'
4%
Sep
6'A Sep
8
6
15
Dec
140-
2
55% Jun
2
:
•2%s
*2'A
12%
13
13
,
Jan
'I/.'
:V
2%
ion.
-
Jan
5% Nov
X233A Apr
96% May 26
2
4
2
4
2
5
^
1%
76
24%
83
25'A
90%
4%
No par
Jan
Jan
Jan
Jan
Jan
41
No par
Mar
Jan
463/4 Feb
Apr
2% July
3
2 3/i Apr
14
...No par
.
Dec
7% Nov
104
106
4
118% Mar
134
53
Mar
Sep
3% Jan
3
41% Jun
Jan
2
Mar 9
Jan
4
Jan 28
Jan
5
Jan
2
Jan
2
143A Jan
Feb
35
2.
19
32'A May 4
145
May 17
38% Jun
1
110
33/4 Oct
10% Feb
3% Apr
Jun
Jan
9% Nov
;
Apr
51
98 »A May
4
4
4
No par
conv
$6 preferred——
Glidden Co (The)—
4,900
■
.1%
Gillette
5,300
Co
Jan
2%
.
8%
8% May 19
185/a May 20
2
16'A Jan
15 % Jan
108
Jan
Jan
.21
May 29
83A Jun
14
12
7
2
7
2
.—5
—
Rubber
&
8,300
9%
11%
*80
Tire
par
123/8
xl04
%
31'A
15%
9%
• 60
v
143 % May 24
4
11
98
9'A Jun
9
—20
No par
100
Corp
preferred...:
General
4,400
74
•'
39
99%
6%
203/a '
Telephone
Gen Time Instru Corp—
112
8%
20%
General
800
1
———
preferred—No
all Jan
'
3
3
*87%
'
:
1,500
113/8
"
/
23%
225/8 '
*72%
^
y
47
1%
.1%
1%
11%
47
:;•
Gen Steel Cast $6
No par
General Shoe Corp
700
•20%
74
*80
20%
*46%
400
g
11%
81%
^21%
20%
*72%
11%
14
*110
..No par
100
1
.No par
General Refractories
23%
112
g
Railway Signal
preferred———
Realty & Utilities
$6 pref opt div series
225/8
,
4
51
13% Jan 25
4% Jan
2
103% Jan
5
•
1
Gen
21,000
79%
79
par
10c
6%
10
109
*135/6
79
19%
.j,a
9%
: • ■•
-
*110
20 W
7*72%
11%
11%
81
*80
•;
*72%
9%
74%
*72
•11%
112
7
——No
preferred—.
Gen
24%
*108%
1%
243/a
par
par
Gen Precision Equip Corp
General Printing Ink..,
2,600
24%
109%
24
No
—No
—
Gen Public Service—
1%
24
preferred——
Jan
Jan
Feb
Jan
2% Jan
129
44%
126%
17 %
—10
..No par
Outdoor Adv A—
Common..:
;
Apr
83% Jan
—100
——
—
4,300
24%
v.
preferred
$5
Gen
30
*108%
l%Jan
94
-No par
General Motors Corp.——
1,100
400;
3,600
5,200
7% v/8/::v{
*107% 109
'7S- 2 '
:'/v
2%
General Mills—
-
1,300
•
23%
23%
8
'
—No par
t$6 conv preferred series A_No par
50
43A ;.4%
109
1%
1%
1313/4
*25%
7%
Gen Gas & Electric A
-
60
700
4%
x23%
6,100
54%
*107'/#
7%
109
•
963/8
131
26
43/4
170
2
102
'96%
1293/4.
26
24%
7%
*107%
1%
1313/4
5
23%
24%
109
2
96%
25%
4%
•'
—
Sep
May
2% July
6% Apr
2
9% Mar 30
34
Jan 13
113% Jan> 22
cum
Jun
16.
26
105
2% Sep
lVa
8
1
9% Jun
143/4 Apr
53% Apr
j
51% May 26
6% Jan
4
102
Jan 19
37
Jan
4
" 53/4 Jan
4
General Foods Corp
..—No par
t$4.50 preferred^..i—No par
7,900 '
6% Jun
14
'
■
102
'
101
96%
130
25%
41%
No par
—
General Electric Co
31,900
1165/8 116%
*>.
"•99
>
41
■':77-
..5
No par
preferred—-—.—^100
General Cigar Inc..
—No par
7 % preferred..————;
—100
10 '
38
12
11
No par
t7%
100
142 y2'
373/a
117
o
2 "
■■
129%
5'/#
7%
7%
7
38%
95%
95%
131% 131%
54%
54%
26%"
23%
24
23%
37%
100
30'A 1
*140
38%
117
5
5%
108
54:
*30
142
Class A—
440
-
4 ■•
Jan
73A Jan
1% Jan
4
4% May 17
14% May 26
26% May 6
134
Mar 1
43/B Jan 12
2% Jan
2
v:
7 % Jan
4
713A Jan
5
• ; 20'A Jan
5
130 'A Jan
2
; 303A Jan? 2
900
94 %
•
3
93A Jan
No par
General Bronze Corp
General Cable Corp..—
13,600
3,400 v
;■
175/8
17%
303/4
T
38%
fc'"
*25%
26
*5
96%
132
130
130%
26
96%
*131%
53
96%
,;
8'/a
94%
40%
98%
'
83/4
7% >■
■'
;
94
142%
'
117%
2%
98%
98%
*94
,
*117/
2%
98%
93
95%
30%
40 %
i
i
173/4
*30
30%
142%
%37,%
17%
*140
♦30
.*140
8%
■'
11
preferred———.—No par
Gen Amer Transportation
—_5
General Baking—.,
i
..5
$8 preferred.^———
.No pair
'
.'7%
19% Jan
$6
14,400
•
6
No par
...1
(The)
Gen Amer Investors—
2,700 '
loo-;
v
2
—
50
;
50%,f"
105%
1% Jan
9% Jan
5% preferred—^
10
Gayiord Container Corp....—..._5
t5%% conv preferred
——_50
'
9% >
*104'A
Co
4% May
2% Jan 11
1
.20
Gar Wood Industries Inc
-
1,000
51 %>
;
9%
•
105%'"
*
50
-
No par
.....
preferred—
Gamewell
;
400
14
'
6%
••
10,800
9% 1
14
•
■
105%
51%
6'A
9%
14
*13%
25%
6%
9%
«9'/4
14
*51%
(The) cl A—
Gair Co Inc (Robert)
20O
25%
Gabriel Co
9,200
14
*51%
y
700
33/4
3%
3s/s
♦133/4
9%
*104%
9%
-
33/a
14
6%
9%
14
13%
105
305
3%
.
1% Nov
5% Jan
Sep
Mar
83/4 Dec
Apr
9% Nov
22% May
23
July
32
,
Apr
25
Nov
Feb
18 3/4
;
Oct
25s/#
13% Dec
193/4 Jun
223/a
•
Feb
28% Jan:
143
Jan
8
130
27
50
Apr
July
453A May 22
25
Apr
33%
Apr
14% Dec
153'A May
Jan
65
21
May 27
12% May 29
\17% May
4-
43/4 May 12
150% May 25
541'/a May 12*
-10% May
26% May 1238
v
Apr
13
10%
10
Mar
9% May
1% May
63% NOV
Jan
11 % Aug
14%
Jan
3%
Jan
86
Sep
48 3/4
Jan
2%
Jun
4%
Oct
Jun
33%
Oct
18
19% May
27
Feb
29
35
Deo
Apr
83/4 Mar
13
17% Jun
4
153A Jun
4
8
Jun
Aug
11% Nov
Jan 30
95
Mar
106% Feb
105.
2123.
■■■■■■■■■■■
LOW
Saturday
May 29 •
AND
SALE
HIGH
June 2
Sales
Friday
Thursday
Wednesday
June 1
May 81
STOCKS
PRICES
Tuesday
Monday
June 3
June 4
for
per
share
$ per
17%
*140
17%
17%
*140
143%
7%
2%
99%
100
9%
9%
9%
4,500
3
2%
3
6,500
Hayes
100
99
99 %
99%
100
620
67l/2
69
69
*158
165
69
*67
X67%
69
*159
164
*58
*109
16
*109
110
*109
110
20%
20%
20%
20%
37
36%
37%
*36%
38
*13%
14
*13%
14%
*12%
14%
15%
15%
*15%
16
20%
*20%
20%
*37
W)
4,400
1,100
Hercules Powder—
•>&!#
60
500
110
21
200
6%
400
Hires Co
600
Holland
(C E)
14%
14%
14%
400
Hollander & Sons
15%
*15%
15%
900
Holly Sugar Corp
117
*115%
*115%
36%
37%
36%
37%
117
7 %
17,066
37%
(A)—
preferred
Homestake Mining
35%
36%
36%
36%
42
42%
42%'
42%
42%
42%
*42%
43%
42%
42%
800
15%
15%
15%
15%
16%
15%
15%
15%
16%
10,000
50%
*50%
51%
51%
51%
*50%
51%
51%
51%
108 %
108%
108%
108%
*108%
108%
108%
108%
180
7%
8%
8%
8%
8%
8%
8
8%
38,300
38%
38%
38%
38%
33
38%
900
600
Hudson
50%
108
7%
*37%
2%
108
7%
39
*38
39%
*2%
2%
*8%
9%
*8%
26 %
•26%
26%
8%
*8%
8%
26%
26%
4,900
9%
10%
V', 2%
2%
9%
9%
2%
10
9%
2%
2%
46%
*
2%
30
29
30
46%
47
47
47%
37%
93%
6%
Leased
12
12
12
15%
15%
12%
12%
*11%
16
16%
15%
38
69%
14%
14
7%
;/
7%
68%
13%
14
7%
7%
*7%
93%
*168
68%
14%
14
14%
*7%
14%
*7%
94
175
69
68%
69%
38%
38%
94
*168
94%
175
*168
■■■'■
15%
38%
38%
93%
94%
175
69
69%
*38
38%
94
68%
13%
7%
7%
'
32%
31%
32%
33
113%
*112%
31%
32%
31%
31%
113%
114
114
Illinois
600
350
15%
*
16
*168
4,600
29
47%
112
114
*112%
114
'
■
39
Industrial
1,800
Ingersoll-Rand
6% preferred
1,900
;
69 Va
Inland
'••13%
y 7%
32
>*7,100
;
600
;
-
1,400
,
113
.
>
Rayon—
Steel
Co
No
.
Interchemical
Corp
8%
8%
8%
8%
8%
8%
8%
8%
6,600
9
8%
8%
8%
8%
8%
8%
9,000
*167%
168
169%
168
167%
168%
168%
168%
68%
68%
69 %
69
169%
169
169%
169%
169%
169%
167%
69%
70%
169
169%
3%
3%
3%
3%
3%
3%
3%
12%
12%
13%
*12%
13%
*12%
17%
17%
17%
16%
16%
16%
16%
*64%
65%
800
70%
12,100
169%
3
12%
6
*64%
6
6%
33%
33%
33%
*134% 136
*134%
•"
64%
65%
3%
33%
33 %
134%
12
11%
57%
58%
7%
7%
*56
42
*40
34%
34%
34%
*45
*106
*44%
47
115
*106
5,900
33
33 V2
18,400
190
..
7%
12%
12%
12%
12%
13 Va
57%
12%
57%
*40
6%
134% 134%
134V4
58%
58%
59%
59
59 %
42
46
44%
114
61%
41%
41%
34%
34%
58%
41%
*40
34%
35
35
*44%
44%
114
*106'
9%
10
58
58
57%
8
8
7%
60%
*40
35
100
45
:
1,300
;
45
114
16
15%
15%
15
15%
14%
15%
1474
15%
15%
15%
*15
15%
15
15%
♦15%
15%
15 %
*105
15%
15%
106 '
106
17
108
17%
17%
17%
18
31%
31%
31%
145%
14
*140
14 Va
141/4
13%
13%
29%
29%
30
30%
106%
*104
105%
*104
'
87%
*129%
88%
88%
129%
131
88%
89
25%
25%
25 J/4
25%
62%
62 %
62%
77%
78%
78
78 %
12
12
12
*11%
;
88%
132
130 %
25%
62%
X24%
x61%
.
x29%
/
*104
4
;'.
1,300
..,.
2,100
500
142
Interstate
Dept Stores
1
25
8.400
62
1,200
*74%
76%
800
11%
11%
400
,
5%
pref series A—.
Jan
8
Jan
151%
Jan
Apr
y 6i
Dec
166
July
%
Jan
6
574 May
12%
Jan
Mar 25
374 May
12%
Dec
57
Dec
% July
4% May 10
66
Apr
5
t 6% May 11
Apr
174
Apr
5
2474
Apr
Mar 15
126%
:
:
'
Jan
7%
.4% No.v
Dec
36% Apr
136
38
13% Apr
28
3074
Oct
Dec
.136
15%
Jan
60%
Jan
1%
Oct
3%
Nov
Jan 11
62
Jun
30%
Oct
46%
Jan
7
4
7
44
Apr
48%
Feb
35
Jun
32
Feb
Jan 15
Jan - 7
Jan
7
Jan
7
5
Jan 21
Jan 27
19%
V 54%
64%
8%
Steel-—*-No par
100
5% pref series B conv
100
Joy Mfg Co
1
Jones 6c Laughlin
Feb
10%
5% May
10974 Mar
May
Jan'
Jan
Jan
Jan
7
7
8
4
43% Mar
60 % May
•
39
Mar
26
May
48% May 19
26
May
39%
105% Mar 24
94
May
1047k
Oct
77k
Nov
16% May 10
143
4
Oct
Jan
2
Jan
77a
Nov
4
May 12
*
6%
Jun
1074
Nov
88%
Apr
95
Jan
Jun
2
7%
Apr
11
3
24%
Apr
15% Jun
105,
'
1%
116% May 10
Mar
6
14% Jun
2
33% May 5
105% May 19
Feb 19
70
126
23%
111%
1874
40
96% Mar 30
No par
_100
*
Preferred
Feb
Jan
Oct
100% Aug
5% Apr
Jun
Jan
26
6
6%
147
9% Jan 12
'
Feb
Dec
1
32% Apr
,100
Oct
16%
35
•
8
4
No par
4%
Apr 20
5
Co
Oct
Mar
71% Apr
10% Jan
135
Nov
23%
42
168% Jun
170
27% Jan
preferred,
Manville
Johns
30
Mar 29
1
1
Jarvls
(W B)
Mar 29
18
preferred
4%%
.
No par
Intertype Corp.
9%
-
10
90% Jan 14
,100
Island Creek Coal
$6
36
102%
6%
6%
9%
100
*
Jewel Tea Co Inc
2,300
Jan
Jan'
Jan
No par
—No par
No par
Preferred
2,400
88
28
•.
ctfs
1,700
11%
11%
11%
Foreign share
40
Jan
May
Feb
33
8
5
No par
50
—
preferred
Intern'l Telep 6i Teleg
14%
76%
X76
78
11%
-
Silver
International
30 %
'
*77
International Shoe
105
132
24%
61%
Salt
International
70
.
88
62
preferred—.
5%
13
Jan
1
Jan; 2
Jan
2
Jan
4
Apr
Dec
28% Jan
9
130
Apr 12
<;
1%
12%
Jun
8%
45%
3%
37%
—15
1100
——No par
100
NOV
<flg Jan
Aug
8% May
5% Apr
14% Apr
Co—
Am
5%
Jan
115
Jan 21
No par
Paper
preferred
conv
5%
20
•
*130
25%
62%
25Va
62%
*
14 Va
14%
105
88%
89%
130
130
129%
1774
5%
Inter Rys of Cent
3,900
31%
30%
29%
V *104
105
17%
145%
141/4
14%
30%
3014
*104
50.800
-
15%
30%
142
200
108
17%
*140
145%
15%
*105%
31%
*31
*140
145%
15%
108
*105%
17%
31%
*140
15%
15%
*105%
*30%
17
31%
15%
15%
106
International
Jan
74%
19
100
Dec
3%
100
5
—No par
23%
163%
5
i
tPreferred
5»/a
Apr
Apr
30
55 % Jan
3% Jan
Jan
2
May
4
100
—1
1% Aug
Jan
16%
July
% Jan
*
—
%
-
74
9% Jan
11% Jan
Corp—
1%
15%
15%
v
preferred
Oct
Feb
54
7% Apr
144% Jan 20
56% Jan 20
162
Jan
9
5
4%
34%
153
25
A
Chem
Int Nickel of Canada
•V
400
41%
15%
*
9,200
&
Min
Internat'l. Mining
4,300
}
62
*106
45%
114
*106
40,200
974
35
4%
100
65
6
34 V®
135 %
Internat
Apr
29% May
9
No par
Int Hydro-Elec Sys class
Mercantile Marine
Sep
106
May
2%
7
9% Apr
Int
Dec
Mar 31
9
100
Apr
44l/s
Feb
166% Feb
2
par
Nov
Apr
2
No
96
Oct
11%
100% Apr
21% Jan 23
—No par
30%
Jan
Sep
Jan
Machines
8%
10 %
Jan
Harvester
Feb
Jan
27
21
7
tPreferred
1,100
17
12
11%
*7%
57
*63
6%
33%
6,800
Business
Internat'l
1,300
*1674
65
6%
6 %
*134%
34 %
135 %,v.
57 %
57
*63
64 3'4
6
6%
3%
Int
450
13%
17
V
168
Jan
39%
4
6
Interlake Iron—
Dec
115
38%
8
6
106
7%
18%
V
Oct
6
6% Jan 27
/
Nov
Dec
Dec
21%
y
29%
Jan
May
8
Jan
Nov
Mar
15% Apr
10
Dec
•y 17
Jan
Jan
74
Jan
15
11-Mar
2 Va
5
62
Jan
Jan
May
17 V
40
Oct
102%
32%
——No par
Intercont'l Rubber
8%
67%
4
Dec
79Mar
May 10
-No par
8%
168%
Jan
Jan
11 Va Jan
2
32% Feb 19
88
Jan
6
158% Apr 17
100
9
%
9
% 13
No par
preferred
8%
68 V8
6
5
48
1
Ctfs Inc—
7%
68
16% May
31% May
7
20
Insuranshares
-6%
7
2
8
par
Inspiration Cons Copper
50
Jan
37
No par
.—No par
No par
.100
Indianapolis P & L Co
1,600
94
175
4
75%
134
Dec
2% May 10
18% Jan
1000
series A
ctfs
See
2
100
-100
Co
4%
lines
10% Jun
2
U Jan
Nov
48%
2% May 19
9% May 20
29% Mar 30
4
100
RR
preferred series A
RR
220
3,100
-
Central
4% Jan
1 :
Feb
6
2
5
74 Jan ' 7
«,
Apr
14%
30% Mar
12%
4
4
Apr
14%
1
8% Jun
41% Apr
Oct
Feb
158
12% Mar
«
,
8
109% Feb
4% Jan/ 8
22% Jan - 7
{Hupp Motor Car Corp
147 k
12%
37%
7,800
46%
16
93%
16,700
2%
*28%
12%
175
*168
10%
15%
30% Jan
—„—No par
2%
47%
2
100
.
Sm Ltd
Hudson Motor Car
29 %
47
16
16
preferred:.
Hud Bay Min &
Jan
-100
—No par
Manhattan
&
44
105
Mar 10
374 Jan
2
Dec
51
16% Jun
4
51% May 21
•>'
5
9%
.
-25
t C
Jan
58%
Apr
110
41% Apr
42% Jun
5
12
5
1%
94%
125
—
Jan
36% Jan
,9% Jan
Nov
Jun
10%
Jun
4
14% May 27
17
Apr
8
—
31
8%
Apr
141%
38
100
—
Oil of Texas v
15%
15%
30
47
12%
*12
5%
28% Jan 21
7
Jan
6
13
Jan 1 2
^No par
preferred
*28%
15%
30%
15%
t5%
Houston
21% May 10
22% Mar 31
Dec
May
May
45
May 27
110
Jan
88
5% May
'•
Jan
4%
Jan
80
Jan
16%
146
Apr
3% Mar
•
14% Jan
6
16% Jan 18
No par
:
Household Finance
100
26%
2%
15%
2%
8%
26%
9%
15%
*2%
8%
26 %
9%
15%
2%
*8%
26%
9
26%
2%
*30
*2%
2%
2%
2%
500
B
4
Jan
9
Jan < 5
49
100
5
No par
100
—,—12.50
-No par
Howe Sound Co
15%
Houdallle-Hershey cl A
Class
8
Jan ' 5
10
(Del)
15%
5
10
1
The
Furnace
6
Jan
12% Jan
No par
No par
Hlnde & Dauch Paper Co
20%
:
130/; May
100
f
38
%
79%
73
No par
preferred
Hershey Chocolate
$4 conv preferred
cum
3% May 10
102% Apr 10
71
Apr
2
167
Mar 9
17% Mar 29
87
Jun
2
134
Feb 2
60
Mar 9
56% Jan
—No par
Motors
2
152
100
Hercules
37%
38
'
36%
(G
Apr
X126
144% May 14
7% May 29
100
Apr 27
10% May 28
104
Apr
12%
5
l%Jan
25
25
Preferred
•Xl3%
15%
117
*115
117
*115
117
20%
20%
15%
21%
*20%
21%
20%
21%
*109
Helme
18% Mar
93 % Jan 20
2
Mfg Corp
tHazel-Atlas Glass Co
150
59%
59
*20%
*115
*58%
59
*20%
300
'V-
86%
59
21%
6% %
131%
59
*20%
36%
86%
131%
110
*109
110
16%
1,200
16%
86%
*131
131%
7%
99%
131 %
86%
87
87
131%
16%
16 V*
59
*58
59
86%
131%
*98
164
*157
16%
16%
16%
86%
7%
99%
98
107'A May 15
6
6
3
5
2
9
135
Highest
$ per share
S per share
$ per share
Feb
4% Jan
86
Jan
7
Jan
100
1
100
1
1942
Year
Lowest
,
13% Jan
par
Hat Corp
3
164
*131
No
Refrac
97k
*98
99% Jan
Co $5 pfd——No par
(M A)
preferred
6%
9%
*67
16
Hanna
Harbison-Walk
3
*159
87
60
3,700
2%
68
131%
17%
145
99%
yx
160
15%
:
106%
$ per share
par
Shares
of Amer class A
preferred
Hayes Industries Inc
68
*85%
7%
7%
7%
160
*131
17%
>140
145
•
9%
3
99
99%
106%
175, k
*140
99%
*98
10
2%
107
17%
17%
145
7Va
7%
9%
3
*106%
107
$ per share
$ ppr share
share
17%
*140
99%
*98
10%
10
*106
17%
143%
7%
7%
99%
*96
$ per
share
107
*106
107
*106
$ per
share
Range for Previous
-
.
Range Since January 1
Lowest
Highest,
>
>
EXCHANGE
'
$
-'
■
STOCK
YORK
NEW
the Week
Monday, June 7, 1943
CHRONICLE
THE COMMERCIAL & FINANCIAL
2118
89% Jun
2
133% Mar 17
127
Apr
5%
Jan
1
138
May
50% May
122
Jan
65
Apr
5
82
Apr
6
61
33 Va
107%
73'/a
129
17% May
53% Dec
'26% Apr
6
12% Mar 31
24%
Jan
Nov
Jan
Jan
Dec
Nov
Jan
64
Jan
79%
Jan
11
Jan
13%
May
'
<
y 10%-Nov
18% May
85
Dec
32%
Dec
7% Aug
K
*16%
*125
9%
16%
16%
*125
128
9!/a
9%
16%
16%
128
*125
-
9%
28
•9Va
28
*27
*11
12
11
11
*97
100
*98
100
100
15
15
14%
*108
*14%
14%
*108
110
23%
23 %
23%
15%
15%
15%
*108%
*109%
112
27
V'v
400
11
11
*10%
11%
500
101
100%
100%
80
15%
15%
3,400
*97%
15%
15%
*15
110
*108
110
*108
110
3,300
15%
15V4
15%
14%
15 Va
15% -15%
3,600
112
33%
32%
*17Va
31
33%
32%
33
17%
*1774
17%
*30%
31
-■■>
Va
4%
4%
45%
4%
45%
*4574
*4
46
23%
23
111
112
112
4%
46
23
22%
23
*7
31%
32%
17%
■■'K
10
111
31
29,500
200
17%
31
4%
45
23%
*7
«
4%
2,600
70
23
7%
*7%
30%
29%
29%
29%
29%
2974
30
30%
*30
30%
30 Va
30%
30
30 Va
2974
3074
29%
3074
16
15
15%
15
15%
3,900
100
30%
*7%
8
8
8
300
45
30
7%
■
4 %
No par
No par
100
1—1
1100
City Southern
preferred
Kaufmann
5%
Dept Stores—
conv
preferred
:
(J) & Co
Keith-Albee-Orpheum
Kayser
5
-—
preferred_100
Kelsey Hayes Wh'l conv cl A
1
.
5%
20
7%
1 83
11%
103%
Jan
2
Jan 13
Jan
6
Jan
2
Jan' 2
Feb : 1
15% Jan 2
8% Jan
4
—1
B
Class
xl2% Jan 19
122'% Feb
2
10
ft Furn.
City P & L pf ser B
*16% May
5
5
Feb
125% May 24
117
Mar
2%
10% Apr
29% Apr
v
8
6
6
6
Apr
100% Jun
4
15% Apr
5
Mar
11
108
24% May 11
16% May 11
8
Kendall Co $6 pt pfd A
Kennecott Copper
Keystone Steel & W Co
Kimberly-Clark
Kinney (G R) Co
$5 prior preferred-.
Kresge (S S) Co
Kresge Dept Stores
(S H)
& Co
2,900
•
Kress
2,400
No
No
No
—No
par
par
par
1
No par
10
,1
-
—
—No par
Kroger Grocery 6c Bak
Jan 29
-28% Jan
7
192
par
No par
'
15%
25
1%
34%
18%
2%
23%
24%
Jan
2
Jan, 7
Jan 13
Jan 12
Jan
2
Jan 11
Jan
4
Feb 26
Oct
•
81%
7
7%
Oct
May
16
12
124
Jan
29%
Nov
Apr
11%
Feb
100%
Jan
Dec
Jan
11%
93% July
10% Apr
103%
Dec
14%
Dec
4%
Jan
,9
'y."
*109%
31
*109%
17%
23
11%
100
*108
31
23 %
27
23%
*30%
23
*26 Va
23%
*17 74
*45
27
23%
17%
*4 >4
27
■
23%
31%
*45%
5,300
Kansas
Kan
9%
23%
32%
4%
1,400
128
23%
*30%
45%
8%
Kalamazoo Stove
23%
*17 Va
4
9%
9%
*125
9%
16%
"
110
32%
32%
128
*125
27
*n
*26
16%
16%
16%
128
*16
100
Sep
Dec
J
May
105%
Jan
Jun
37%
Jan
15%
Dec
Apr
24
35% Apr
8
26%
17% Apr 10
■31% May 19
11%
Apr
24%
Jun
,29
1%
Jan
>
5
30%
Sep
40%
Feb
4
17
Mar
22%
Jan
113
5
May 10
46% May
23% May
2%
2%
Jan
Feb
10% Apr
3
30 % May 29
19% May
27
Jan
32% May
22%
29%
Jan
6
Jun
Apr
3% Jan
L
310
16
16
16%
69%
70
70
70
69%
7074
69%
70
*68%
28
28
27%
27%
27%
27%
27%
28
28%
18%
19
18%
18%
*18
18 74
18
18%
1874
18%
700
38
38%
38
38%
38
38%
38
38
38
38%
2.500
Lee
23%
24
24
24%
2374
2474
23%
24
23%
23%
2,400
7%
4
72% May 21
21%
Apr
41%
17% Jan
7
28% Jun
4
11%
Jan
18
11% Jan
7
26% Jan
27
19% May
38% Jun
3
_5.
4
15%
25
Apr
6
18% May
116% Apr
7
100
Lehigh
*11274
113
*112%
1674
230
2,600
Lane
.100
preferred
5%
Lambert
Co
(The)
Bryant
Rubber Si
Tire
—
*112%
113
8
7%
8
V/8
8
7%
8Va
3,600
2%
2%
2%
2%
2%
2%
2%
16,900
19%
187k
19%
19%
21,700
.-25
8
7%
2 Va
2%
2%
17%
18%
18%
19%
19
•
113
20
—
30 Va
30%
30 Va
30%
29%
30%
29%
29%
29%
30
2,300
Lehman
19%
19%
19%
19%
19%
19%
19%
20
20
2074
5.000
31%
31%
33
33%
38
38
37%
37%
674
7%
34
3474
34%
37%
3774
37%
7%
7%
7%
35
34%
35
3774
3774
3774
7%
7%
6%
For footnotes see page
2123.
.
8
Stores
Corp
Lerner
5,800
Libbey Owens Ford G1
Libby McNeill & Libby—
119,100
Jan
4
107% Jan
27
2% Jan
ig Jan
par
2
2
8% May 19
2% Jun
Apr
8% Mar
104
Apr
13
11%
28
<23%
May
Sep
Dec
Dec
Dec
Jan
Aug
113
Jan
2%
Jun
4
Jan
W
Dec
1% Jan
1
11% Jan
6
Jun
4
8%
Jan
15% Aug
Jan
12
30% Apr
6
17%
Apr
25
—5
14% Jan
6
20% Jun
4
11%
Apr
14% Aug
par
23% Jan
8
35
3
18
Apr
26%
31
Jan
12
Jan
33%
Dec
5
Jan
2
Mar
5%
Jan
50
1
(The)
3,200
'
6%
20
4
50
No
Lehn & Fink Prod Corp—
Corp
9% Jan
35
100
,6% conv preferred-
113
113
8
70
28%
Portland Cement4% conv preferred
{Lehigh Valley RR
Lehigh Valley Coal
112%
*112%
IL
16% May 21
Jan
No par
Laclede Gas Lt Co St Louis
16
_No
7
24
20
Jun
39% May 26
8
Jun
4
20%
4
Dec
Dec
[Volume 157
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4183
NEW YORK STOCK
LOW
Monday
Saturday
May 31
May 2!) V,
$ per share
38y2
S per
65'/a
68%
178%
*28'/a
6 6'A
—
69
—
437/a
38 V2
38%
18%
20%
22 Vb
60%
61%
46%
10 '/a
10%
26 >A
26%
20
20%
160'/a
160%
*20%
20%
*74%
75%
26'A
:
— -
20
*20
2274
21%
*3874
20%
20%
20%
-1,100
21%
2274
2174
22'A
8,700
6174
60%
61
4774
47%
48
10 Va
10%
10
10
26'A
2534
257/4
26
26
26
2074 "
203/4
21
20 3/4:
21'A
21'A
•160'A
2074
*25%
*20%
74
*25%
26%
135
•
16074
16074
59
'
160%
20%
75 :;V:'
26
135
•
35%
35%
36
28%
28 %
28
28%
13%
13%
13%
19%
20
320
J250
7%
7
19%
*250
6%
7
13%
19 %
7
6 34
*9
9%
18
2%
2%
2%
2%
5%
6
5%
6
15%
1574
*2%
5%
15%
15
2%
6
57a
15%
15
15
15%
14%
15
14%
15 Va
15
22%
21%
22%
20%
21%
203/4
6 '/a
5%
5%
: 6
5%
5%
41%
41%
41%
41%
42
•
30
30:
30
29%
29%
*29
25 V?
y
*170
49'A
49%
7'A
6%
674
30
31
*106
17%
31%
17%
15%
1574
15%
111'A
111'A
♦111%
27
6%
31%
17%
15%
112
27
16
*111%
112
1934
27%
27%
16
16%
*15%
45%
45%
19%"
20%
112
*110%
♦110%
11'A
11'A
nii'A
112
93/8
112
974
20 »/8
20
112
11%
112
9%"
110%
11%
11
*112
9%
9%
*78'%
80
*78%
80
*78%
*71
72
*71
72
*71
67a
273A
*112
113
80
277a
21
80
974
80
113A
11%
11%
107a
11%
107a
11
40
40 »A
39%
40%:'
39
39
33
874
8%
25%
25%
28%
29
28 %
118
118
*71
73
118
7 39%
26'/a
26
33 %
33%
33%
.'33%
'•
'
7%
-
73
*90
*109
113
7%
*90
19
*
3
1074
9%
25%
25%
25%
89%
19%
77a
—
19
19
2%
9%
10
25%
3
9%
97a
25%
25%
25%
90
89%
2%
2%
*
;
7274
8%
:
-
89 %
'88 34
117%
*115%
117%
*116
117%
*116
120
*116
120
*116
*111
112
*111
112
*111%
114
*111%
45%
45%
46
45%
46'A
46 %
4774
473/4'
35
35%
35
35 3A
36
37
36
3674
19%
20%
19%
20 %
20'A
22%
'
1574
15%
16
15 %
17%
18
18
18
28%
2874
29
29%
29%
;//15%'u 16 3/a
157a
18
29%
6
-
-
6%
6%
5%
6%
:'
173/4
6%
57a
V
73
72
72"
72
72
2074
20%
20%
20%
20%
*67'A
68 3A
*66%
68%
*66%
68%
7
*20%
73
1
-
*115
115%
115
•
115%
9%
974
9%
41%
*40%
*115
9%
*4074
41%
9%
*41
72
683/4
*6778
115%
115%
115%
9%
107a
10%
1078
41%
4174
*1%
1%
*1%
1%
17a
12%
12%
12%
12 3/4
127a
137a
3974
38
38%
38%
38 3%
38%
39 Va
1674
16%
17
167a
17
1674
17
10
10
10 %
10
10%
1174
11%
11%
11%
11%
1%
.1174
13
12%
13
2174
21%
21%
*168
172
*168
*19%
8%
19%
20
'
9
9%
13
12%
21%
21%
172
170
20
20%
9%
27'A
27%
27%
14'A
14%
14%
9
27%
14'A
12 %
12%
217a
170
21%
l3 8
10%
11 3A
127a
'
9
9%
V
2074
20%
20%
20%
20 34
20%
95/a
13%
13%
13%
13%
133/4
13%
13%
*10
v
31%
3174
11
31%
*10
31%
11
*10
31%
31
X20%
13%
11
11%
4,200
.
400
•
V
127a
10,800
/
100
20
/
s-
9%
400
America
13% i
31%
;
32'%
1,600
25%
24%
243,4
25%
25 %
25%
25'A
-
10%
10%
107a
10%
11 %
.'10%
11%
••
86%
86%
85
87
*85 >/..
86'%
*85
86'%
Corp—
18,000
7
/
Share
Corp
Register
Products.
preferred-
18%
*144
147
21%
33%
18%
170
144%
144%
21%
21%
21%
33
33%
-
33%
18%
*169
144
21%
33
19
18 7i
170
*167%
18%
18%'
170
144%
*144%
146%
213/4
x21'/8
*169
21%
33
33
144%
21
33
19
170
60
33'%
l
3,400
-
conv
*
Co
preferred
6'A
60%
15
15%
27%
6%
60
27 34
'
14%
6%
6%
6%
60 %
61%
61%
15%
14%
15
■
•
6%
X61
•
•
14%
6'%
6%
61%
61%
6174 ;-
3,600
14%
15
9,700 i
15
:
674
!
37,100 i.
•
:
*
26%
28'%
27%
28%
79%
80%
79
80
85%
79%
79
85%
86 %
88
*27%
.
273/4
78%
79'%
88
88
28
"
77
28
5,100
v
79
87
•:
674
674
6%
6%
6%
67a
,7
9%
9»A
8%
9%
9
9 3/a
9
13%
7
93/a
*86'% (
V
88
674
Co—
preferred B__
9'%
3,500
'
Natomas Co
1374
1374
23
23
*22%
23
*22%
23
23
23
23
*89
94
*89
94
*89
94
89
89
*89
2,400
»
Nehi Corp
94
*47%
49
49
49
49%
49%
49%
49
49
13%
13%
497a
13%
*109%
11074
33%
33%
34
34
33%
34
16%
16%
16 Va
16%
16
16%
*110%
110%
109%
110%
13%
*223A
1378
110
*33'/2
34
33
155/a
1874
18%
18%
18%
18%
18%
18%
*100%
101%
*100%
101 %
*10074
101%
44'A
*43%
44
-
*43
43'%
*109%
18
*10074
43
110
V
700
1,300
7,100
18'A
4,000
101'%
43
*
;
900
-
conv
New York
1974
For footnotes
19%
see
page 2123.
19%
18%
19%
18 3/4
19'/a
187a
19
27,800
New York
Jan
Jan
374
Nov
1%
1374 Sep
Air Brake
Central
22
Nov
101
Dec
76
Jun
9
Mar
12%
Oct
10
Jun
May
14
Jan
99% Aug
.May
2174 May
May
6 Va
24'%
94 V
Apr
6
x574
Dec
9'/a
Nov
Dec
15 74
Dec
110
Jun
Nov
May 28
Jan
39
Jan
101
May 21
11'A May 27
108'A
Apr
974
5
114
113
Jan
Dec
7%
Jan
108
Jan
7'A May
Feb
26
6474
Oct
77
Mar
Mar
4
55
Dec
72
Feb
32%, Jun
2
20%
Jun
32
Jan
47%
Dec
6
Oct
22 %
Jun
29
89
76
3
3274 Mar
21
Apr
.Jan
13
341% Apr
24
Dec
4
974 Apr
5
6
2574 Jun
7
3074 Jun
16 Vb May
23'%
Oct
19
110
Apr
21
14
113'% Feb
4
8'% May 20
92% May 10
Apr
7 Va
Jan
19'%
Dec
Apr
108'%
Nov
Jan
59'%
Dec
103%
Jan
108
*10774 May
1% May
111
57%
Oct
Oct
3'%
Dec
Jun
874
20% Mar 30
67
Apr
1474
Mar
Nov
4
A
Jan
1%
6
17*
Jan
474
26
4
12%
Feb
3% Mar
12
Jan
2
Jan
7
Jan
5
Apr 13
Jan 25
Jan
2
Jan 12
Jan
1174 Apr
2
4
274
53
15
62
112
5'%
34%
108'A
33%
Oct
30'%
35%
Jun
7674 May
7
13
1
33% Oct
88'A
120
2
I
12 Va Mar
4
8
—1
No par
No par
No par
100
_10
May
9074 Feb
119
10
Mar 19
121
Apr
114
29
Mar 10
66
May
18
91
Oct
Oct
Oct
Jan
110
May
117%
Feb
112
May
120
Oct
102%
Apr
11074
Jan
48% Jun
4
23'%
Apr
34%
Dec
37
3
28%
Dec
48 74 Mar
25% Jun
4
12%
1674 Jun
4
6%
Jan
11
Oct
1874 Apr
7
9%
Apr
1274
Nov
20% Aug
2574
Jan
3%
Jan
Mar
31
Mar 29
22
3
2
Sep
May 29
50
Jan
63
11%
Jan
17
Dec
69 74
Jan
Jun
,
68 74 May 14
116
2974 Mar
Mar 29
7
73
Dec
jApr
21
49
108 :'/4
May
Sep
>
113
Feb
Dec
4
474
Jan
6'%
Nov
Feb
27
30%
Jun
39%
Feb
174 Feb
11
3 Va
July
1074 Jun
44
1
Deo
374
Jan
174 Feb
5
2
2
1374 Jun
3
7
Oct
100
674 Jan
23% Jan
403/4 Apr
29
16'% May
29%
Nov
15'% Jan
4
1974 Apr
1
13'% May
1974
Oct
5'A Jan.
2
103/4 May 20
3
Apr
5%
Nov
8% Feb
8'% Jan
3
7
117% May 20
1374 May 4
574
Jan
8%
Dec
1574 Jan
2
22
Jun
3
13
May
16'%
Oct
7
4
5
173
Apr
24
140
May
166'%
Jan
20'A Apr
7
Apr
1674
Dec
'9% Jun
4
5%
Nov
10
—5
-
162
17
>
—10
1
AOO
100
4
4
2
13
16
14
15
12
70% Jan 4
28'/a May 27
Jan
2
Jan 13
Jan
6
Jan 13
19'A May 27
.14'
160
1371474
3074
274
52
No par
4.
No par
■
.
May
8
Jan
2
5
2
4
5
Jan
; 574 Jan
14'A Jan
57 ' Jan
62
Jan
274 Jan
No par
6
:—No par
No par
1
No par
No par
Jan
Jan
5'A Jan
18% Jan
97% Jan
1474 Jan
6% Jan
9'A Mar
x25% Jan
17'% Jan
6
Jan
<
.
serial
1
18%
46%
176
Jun
21%
preferred—100
Newberry Co (J J)
-No par
5% preferred series A
100
Newmont Mining Corp
10
Newport Industries—
1
N'port News Ship & Dr Dock——1
$5 conv preferred-No par
474%
50
>
-
Nelsner Bros Inc
300
20
16%
101%
43
*
:'
33%
1674
16
1874
44
13%
*109%
*10074
44
133/a
National Tea Co
2,700
Jan
Apr
Apr
4
t
Corp———*-25
National Supply (The) Pa
—.10
$2 conv preferred
——40
+5%% "prior preferred^-/
—100
:+6% prior preferred
.100
r
;
29'%
Jan
Jan
9'%
11'%
I
Cast Co
National Power & Lt——
70
Nov
6%
1174 May 29
40'A May 29
31%
13
,/
National Steel
•
6%
9
>
1,420 i
'
*86
25 74
2
Jan
2
Jan 20
Jan
2
Jan 14
Jan
8
Jan
5
Jan
7
Jan 12
Jan
8
'
6'/a
5974
Dec
Aug
574 Jan
No par
preferred A
Nat Mall & Si'l
34'A
19
185% Jan
100
No par
10
No par
1
No par
...No par
10
No par
.No par
1.
•National Oil Products Co—2
900
r
+ 7%
+6%
60
7
Gypsum
National'Lead
15,100
144% '■
217a
33 •:
•
i
Nat Distillers Prod
$4.50
110
9
Jan 15
Feb
9
,'r 20'% Jan
106'% Jan
58
Feb
107
Feb
109
Apr
3
Jan
6474 Jan
13% Jan
■■'/ 74 Jan
37% Jan
17% Jan
-10
Co
preferred
National
Jan
Jan
1
—
Nat Enam & Stamping
1,200
"i" i
*169
A
Jan
1
Louis.—
Co
Aviation
Nat Dairy
6%
8,400
•
10%
1874
26
No par
5
Corp
National Dept Stores
11
*10
3174
25%
169
par
No par
National Cylinder Gas Co
<
Oct
1274
26 74
31
2
1074 Apr
No par
5
Si Bro
Nat
7,000
Jan ■ 4
-
60
27
4%
25
2574
'
i
2,900
207%
13
Feb 24
6774 Jan
.
;
j
3,300 .»
1074
18
6% Jan
No par
14'%
v
7
109'% Apr' 6
No par
.No par
C)_!
Biscuit
Cash
11%
Apr
162
May
163% Jun
Mar 19
•
National Can Corp
16,800
Jan
Jan
19'% July
V
18
—1
& St
3%
4
31'A Jun
113
Jan
Nov
4
Jun
107
Dec
2
Jun
474
2
7% May 29
9
104
par
...No par
conv preferred
&
Jan
50
1674
8'%
4
Jun
170% Jun
1274 Jan 16
11!% Jan
7
84
preferred—-
Bond
4
6'% Mar
42
*6%
17% May
3% Sep
2274 May
May 27
31% May 3
27% Mar 26
7
5
115
118
Nat Automotive.Fibres Inc
Nat
2
100
'
10
Liquidating Co_
1%
1
Jan
—No par
Co
Co
Nash-Kelvinator
National
Jan
——50
Corp of
National
2,400
22
2
217/a Feb
100
B—
(F E)
6%
11
2 % Jan
20
Corp
Acme
1
Jan
37
—1
Essex
/ tNash Cliatt
5
31'% May,
May
274
4
24
165 i
par
5
15
15% Jun
7
2174 Jan
par
100
$7 preferred—
National
18% Apr
2
22
Jan
Jan
11% May
74 Mar
3
5
3% Jan
•
-10
& Co—
(G
6% Jun
Jan
par
par
1
2% May
4
Mar 24
97% Jan
/
No par
Nabco
.
370
10 3/a
25'A
169
9
7% Jun
18% Jan
.
par
-100
Impl-
Myera
3,000
1074
86 %
2
No par
Mills
Murphy Co
76,400
V
25'A
*86
3'% Jan
10
Munsingwear Inc
100
-
>
Jan
27
100
'
31'A
No
Mullins Mfg Co class B
:
474
1'% Jan
No par
series
Wheel
+474 %
Jan
10
lr
1
50
preferred series C
Murray
Jan
2774
19
23%
131
Mar 15
1974 Apr
5
27% May 11
No par
27'%
*27
714 7:
2078
13%
11
Power
Chemical
&
.;■■■
1374
Dec
147a May 19
243A Mar 6
320
2
.No par
Mueller .Brass
110
Nov
Jan
Mar 15
i
—5
Motor
200
,
9%
,6
Motor Products Corp—
33.60Q
i
4
5
100
,
Jan
101
Petroleum—
300
(
21%
.No par
preferred
(J)
350 'V
Apr
27
Co—
Carpet
tMorris
15,600
i
17 Va
14'% Jan
preferred-.
2,400
'
4
100
5,100
;
2974 Jun
8
100
preferred series A
Morrell
.
2
1
1.600:
172
*19%
14%
2074
*10%
27,085
!
167a
213/4
27%
14%
39%
*168
97a
27 •/:•
38
7/10%
7/11%
'12%
20
147a
$4
Jan
2
18
Inc
Montg Waid & Co Inc..
'
3574
Apr
Deo
Oct
Corp—-—.'
Monsanto
100
Deo
15%
Jan
Mo-Kan-Texas RR
$4.50
2674
122
6%
preferred
Mission
;
6
3
27%
Trans Co_
Moline
Minn
May
May
374 Jan
5
pfd series B
preferred series C
Mohawk
900
1% v
1374
1674*
22
20
277a
*174
Xl3'/a
:
172
20%
14%
■
*168
*
27%
,7
10
*11 %
"
Jan.
Jan
14
conv
4 'A %
7%
■
,2074%
4174
■
Dec
18'A
76%
16'% May 19
50-% Apr
8
1
97a
*41
42%
V
40
17,100
"
69 5 a
10
/
72'%
115%
115%
153
Apr
8ep
2774 Jun
1st preferred
cum
Preferred
674
72!%-
68%
1674
v
■•M 6 %';;
*
12 Va
12
2974
21
39
♦174
1674
20'%
1674 Nov
1174
11
Minn-Honeywell Regu
30 ;
18
■29%;
Mar
Jan
B5%
13
Steel Prod—
1,100;
n:
114
16%
72%
'
":
117
18
30
*20
8%
290
120
'227a : 25%
.
:
18
2974
.
-
128
4
2174 May 12
75% May 27
8'% Jan
38'A Jan
Copper
Midland
1,500
!
48 %
35 '
116%
Mln
5,300
.
1st
Mid-Continent
2,400
.
883/4
112%
2074
Miami-
2,200
!,
25%
45
1974
'
'
$6.50
3
25%
120
15%
Machine
91%
10%
*116
18
Mesta
6,200
19
*115%
Jun
Apr
19% Jan
(The)—
conv
4%
117%
■-
Mengel Co
&
1,300
7',,
♦111
'
'«
934
257a
161
11%
—No par
—
Merch
1,400
120
120
*3374
/
2,400
19
Nov
Mar
7
t$5.50 pfd ser B w w__t—No
2,600
:-"*2%
10
89
89%
-
Dec
19'%
15
Jan
t$6 preferred series A
9,100
7 3/4
i
7 %
6'A Jan
100
Co
Corp
:
8 3%
*90
42%
14'A Jan
1
preferred
>5%
25'%
♦116
.
conv
'
30 34
*115'A
:
6%
*109
91%
4674
1—1
Stores
300
/
3378
7274
77a
*90
19%.
26
120
•
Jan
Jun
2% Mar
29
,
1
preferred——
520
*113
7%
91 %'
'
8%
*113
V
37
31%
par
No par
Corp
Melville-Shoe Corp—
•7,500
>■
30
72%
Dec
1
37
197% May 14
10
No
Robblns
<fc
t5%%
80
1,600
25%
>.
120
72%
109
91%
10%
89
72%
*112
2%
3
89
120
18%
1874
3
120
72%
7%
*89
91%
1874
112%
7%
7%
297a
109
112%
"
87a
257a
29
118
•109
*112%
8%
25'A
28%
28%
8%
29
Jan
10
100
:
preferred—
conv
Mead
2,600
39'%
257a
Dec
8
...No par
Stores
McLellan
7 500
11'A
257a
;
Stores
McKesson
>
-
107a
-No
Mclrityre Porcupine Mines
no;
32V*
8%
Wks
McGraw-Hill Pub Co
'
i
71
3174
24%
118
72%
*109
8%;
25%
—
McGraw Ele-c Co
270
82
70'%
27%
Oct
16'/a
24'%
19% Jan
•
'
874
25'/a
-
:
393a
*39
;
2,700
-
1
9% ;
*80
1074
33
113
Co-
preferred
5%
11,900
;
11%
1123A
70
■
21%
112
11
Corp—
<.No
Corp—
.....No
$6 1st cum preferred
2,100
95/a
Nov
1274
28 : Jan A 2
—1
$3' preferred—-
500
111%
..No
Co.:
Department
May
20% Jan
/
:
preferred—100
pr
Maytag Co
,
2,600
16'A
46'A
113
Feb
37'%
4
Jun
5
McCrory Stores Corp
46'%
207a
3274
61% Jun
11% May 10
2774 May 6
2174 Jun
4
1
Co
L)
5,500
*153A
,11%
97a
9%
27
Ry 6 74
McCall
16
111
Dec
2374 Nov
■
49
\
25
2,200
•
46
32'%
33
•
10
27%
70
V:
V
107
*153/4
31%
33
1%
•:
800
16%
72
33
30%
30%
27%
11%
177
1174 May
1474 May
\y.
par
—1
No
FieJd ii
Elec
8
320
Co-
Mathieson* Alkali
200
20'A
12
1574 Jan ' 6
59 3A Jan
I
Martin-Parry
4,300
111%
111
148% Jan
-
..No par.
10
Co..
(Glenn
Masonlte
1,400
V
v
111%
32%
*26%
7
111 %
11%
2
No par
Bros
Master
10
x-
-
50
Sugar
;
1,500
*111%
31%
28'%
170'%
Manati
Martin
2,200
:&■ 400
16%
20%
13
16% Jan
10
Sq Garden.
Marshall
8,000
.
v
177a
31%
*26
6%
4134.:C
107
31%
28
6
16%
111%
4
100
Copper—.
;
6,100
177a
46
100
:
..No
Magma
Market St
12,200
i'
16:%
31%
/
'
v
18
46
7
11
6'% Feb
18'% Jan
r
*
.10
-
Maracaibo Oil Exploration
Marine Midland Corp_„
: i,04o
15
21%
49%
__
716
31%
*26
49,200
170'%
31'A
17%
67a
25%: 7
<
42% Jan
37'% Jan
par
Mar
25% May
974 Jan
25% Mar 29
Manhattan Shirt
3,700
'./• 25
■
*7
31%
17%
45%
•
*106%
17%
16'A
45'A
31%
234
29%
49 %
67a
13,200 >
300
41%
25
-
•
49 %
7
157a
45%
*16
25
20% Jun
No par
Co Inc
Mandel
7%'
7. 2974
'
»
9%
18%
15%
; •:
■
293A
*170 v
49%
?
6
5
;
Mahoning Coal
2034
V
42
413/
25%
*106
17%
26
49%
7
♦106
"
24%
♦170
49%
*31%
A-
25 %
175
6
1,100
1474
15
4
15% Jan
...No
Trucks Inc_,
Madison
> 300
■;
15
21
May 27
1674 Jan
Forbes
&
Macy (R H)
6'%
V
Jun
44
1
..No par
-25
preferred
2,500
*2'%
6 3/a
14%
49
6%
Mack
193/4
7%
2%
22'/«
' 7
Jan
No par
preferred-——•
1.400 .7
18%
2%
Apr
7
-
Co—-
MacAndrews
300
.
1
320
*9
9%
1674
22-
;
13%
197a
18
22 Va
.
*13'A
7 7a
*9
18%
Apr
19 % Apr
100
135
*250
Jan
164'%
40% Apr
..No par
,
2974
13 %
Jan
74'%
4
Louisville. Gas & El A
283/4
19%
73%
Apr
19
Louisville & Nashville
29
*250 320
Apr
50%
12'% Jan
2574
2574
*125
*13%
19%
320
50%
34% Jan
500
28'A
•
*18
2574
7%
24
Jan
4
4
179'% Feb 18
2874 May 27
4
33
7074 Jun
73% Jun
3
22% Jan
Highest
S per share
20
'
36
9%
175
240
Apr
'
$ per share
par
V'V/vy 500
357a
18%
*243/4
;
174
Lowest
i
l
No par
Biscuit—.
Lorillard-(P)
7.800
2074
35 3/4
«q
*169%
fy:v
.No
74 %
V
35%
*18
41
Loose-Wiles
:
35
974
*29'A
161
203.4
26
*125
26%
2174
Co
Refining Co—
Long Bell Lumber A
600
38% Jun
...No par
Lone Star Cement Corp
1,400
v
Belt
4
No par
Wks
Liquid Carbonic Corp
•:2,900
26
74%
;
100
.
Jan
Year 1942
•
S per share
62'% Mar 25
"63'% Jan
2
25
Lockheed Aircraft Corp
Loew's Inc
■
5,400
i
10
•
161
2C74
75 "V
r
10
.
■
2074
*125 /: 135
6074
49
48 %
.
74%
18%
,
Lion Oil
20%
60%
75'A
Link
1,700
22'A
47%
160 »/4 V
1,000
■
;
30"
25
Lima Locomotive
.;
,
2074
*9
5%
18%
19
1074
♦125
V.
19%
1574
39
18%
y.'"
Tobacco
Series B
tPreferred
3,000
$ per share
8
Lily Tulip Cup Corp_.
/
19
,
*18
'
43'A
39
39
Liggett 6i Myers
60
28%
4274
4374
Par
Life Savers Corp..
4,700
28 74
6174
2074
320
7
19
75'A
13%
1974
3874
1874
*
28%
43
Range Since January X
Lowest
Highest
•;
,.6,000
.
177'A
48
160'4
-—
;
v,
28%
13'A
38%
*28%
7074
73 %
Range for Previous
STOCK
EXCHANGE
400
70
2074
V;
„
35'A
28'/a
43%
NEW YORK
Shares
72 %
*177
26'A
—
—
28%
,
69
7274
178
for
the Week
39
*3774
10%
K
-
135
35'A
*250
%
69
71%
177%
43'A
:
3774
61%
—
—
--
69'A
71'/4
178
•
$ per share
46 7i
--
—
3774
*28%
19
22%
-
70%
*177
June. 4
$ per share ;
39
28'%
38%
20
--
68
70 V4
18
26'A
*125
/• '
V
--
*3774
67 Va
3874
V'-ii
22%
46 %
3874
Sales
Friday
June 3
4334
43
—
Thursday
$ per share
178%
*28 Va
18%
20 V*
1
*177
__
STOCKS
June '2
383/4
RECORD
PRICES
Wednesday
$ per share
28%
43%
SALE
June 1
share
66%
67 %
HIGH
Tuesday
i
38>/2
mi
AND
2119
-
2
2
Jan, 5
9'% Jan 7
16 > Jan
4
74 % Jan . 4
37
Jan 11
106 A Mar 31
26% Jan 2
10 % Jan 12
177s Jan 2
95 % Jan 7
27 % Jan
2
10 % Jan 12
6% May
12%
374
11
Jan
Jan
6%
Sep
May 27
1274
Apr
14!%. May 26
474
Jan
143/4 May 10
21
10'A May 27
32 74 Jun
4
25'A May 29
11'A Jun
4
87
2
Jun
874 May
17 3%
974
20
974
9%
26
Sep
18
Nov
374
Apr
6%
60
Jan
72
11%
Apr
16%
10
145
May
168
129
Mar
146
22
May 27
13%
Dec
36
Jan
4
29%
Apr
674 May 12
1574 May 28
28!% Jun
2
1%
Apr
4374 May
4
974
Dec
Mar
Jan
Jan
Jan
1774 Mar
36
3 74
54
Nov
Jan
Oct
May
6%
Jan
Jun
1674
Feb
4574 May
63
Feb
51
80%. Jun
88
Nov
Apr
13
61% Mar 29
Dec
14% Mar
145
v
Dec
1574 Aug
774 Nov
171 Va Apr
Feb
Oct
70
Feb
May
274 Mar
Jun
7'% May
4
Oct
10% Apr
4%
Oct
9%
Feb
13% Jun
574 Mar
9'%
Dec
23
May 29
11
Jan
17
Dec
70% May
75%
Sep
2
28
Apr
39'A
Dec
112% Jan 30
104
Mar
110%
Dec
897% May 27
49V« Jun
8
22%
Apr
30%
Feb
16% May 29
7'A
Apr
11*"
Jan
37% Apr
Jan
217% Mar 30
15%
Dec
6
93%
Dec
109%
Jan
23% May
32'A
Feb
12%
Oct
102
May
44'A May 29
20
May
5
674
Jun
Monday, June 7, 1943
THE COMMERCIAL & FINANCIAL CHRONICLE
2120
May 2ft
I per share
Tuesday
June 2
23
24
23%
59%
58 %
23 %.
23 y2
23%: 23%
11%
11%
*9%
•24'A
►112%
50
.
3%
II
*35 Va
180 Va
ni6%
117%
*116%
*36%
37%
181%
180%
17%
115%
115%
115%
20%
20%
43
18%
18%
43
43
16%
17
:
22%
:#■ 7= 200'
820
;
•V 290
7.
19,000
117
;
15%,
15%
56
7
56%
56%
12%
12%'
.
.
Conv
N Y
?0
39
20
*37
39
20%
39
5%
North American Co_.
,
100
v
113
91 % Jan
19%
1,300
120
5%
<■>
5%
41%
40%
*39
42
11%
11%
11%
*11%
11%
18%
18%
18%
18%
18%
45
44%
44%
7%
*-—100
7% Jan
107
'8,200
Telegraph
Norwalk Tire & Rubber
2,600
7';":7; '10
No par
-——50
Preferred
36
50
-
18%
18%
*43
43%
43%,
7
7%
Norwich Pharmacal Co
Apr
4
11% Jan
85%
6
2
53
Jan
14
Jan
96
Apr
Jan
"
110%
Apr
Apr
8
8% Nov
Sep
V
4% Jan
100
15
Feb
; 52% Jan
Apr
Apr
9% Dec
'
17 Va
6
1
Jan
'<r.. 20
Dec
38
Mar
3% Dec
31% Apr
45
Apr
7
12% Mar 25
13
3"% Jan
192
i
6% Mar
20% May, 12
6
/ 29% Jan
23% Dec
Jan
116% Sep
11% Nov
•
39
15
Ohio. Oil Co————No par
Oliver Farm Equip—
—No par
% Oct
39
Feb
it" 5% May
14
Jfl.ll
.—2.50
.
30% Jan
Mar
40
8% Jan
.31
15%
108
;
2% Sep
,
Jun
Mar
Jan
x3% Jan
-
j
1
Feb
Jan
.
;U Oct
Jan
143
'
11%
.
54
t
19
115% May 27
Jan
16% Jan
-
14,700
2,500
7%
.
! Northwestern
500
■
48% Jan
tNor States Pow $5 pfd—i—No par
Northwest Air Lines
No par
109
Dec
Feb
110
% Jan
56% Jun
9V2 Jan
Northern Pacific Ry——
Dec
% Jan
...
Dec
16% Dec
Apr
55% May 20
8
14% Apr
100
May 25
18% May 6
Jan
6%
,
May
183% May 19
117 : May 12
16% May 10
9% Jan
———10.
**
.
Mar
36% Jun
23
Jan
162%" Jan
North American Aviation———1
230
4
i
Feb
15% Jan
May
12%
60%
I 80
23%
26% May
49% Jan
:
*39
14
preferred series—50
5% %. preferred series.
50
5%
*39
A Jan
■( 20% Jan
6%
14,40(f
7
39%
5%
preferred
/
1% Mar
Northern Central Ry .Co—i.——50
7
115%
19%
6
:
tAdjust 4%
4
share
51
Dec
10% Jan
2% Mar
{•
Highest
17% Feb
11% Jun
35
May 28
4
1% Jan
—l :
;
4
53% Jun
4
A Jan
„
<
/
.
2
7"
,
_100
Shipbldg Corp part stk
114
6
Jun
120
22
63..%. Jan
101
,
——100
27
7
Jan
28 y8 Jan
;[
5,200
17
39
7;
5%
-preferred—
,
2
16% Jan
.
50
Jan 27
600
11%
■
Apr 26
Apr 22
*
May 22
12
•
'
16%
26
4
i Noblltt-Sparka Indus Ittc——JS
tNorfolk & Western Ry
:
100
600
12%
.'115%
5
6% Jan
r50 :
non-cum
IN Y Ontario St Western—
*99%
if
14% Jan
.
—100 :
IN YNH& Hartford——7—*—100 ;
2,000
■■'j
24% May 20
64% May 20
par
preferred
tN Y Lack & West Ry Co_„
.
:3,300
7
37%
:
*55
115
115
115%
115
20
.
5%
18%
•• 6,100
*36%
15%
10%
i 3,500
7 180% 181%
*99%
16%
,
39
11%
1
r.
22
55%
56%
12%
■
41
11%
1%
3%
1
117
15%
7 : 2,020
3%
■,
117
*55
5% preferred^-^^
"
41
*41
1
.a.w.JVo
N :Y & Harlem RR
r
53%;
31% Jan 27
par
200
-1,260
1%
:
3%
55%
15% A
55%
*99%
*37%
5%
*11%
117
116%
12%
17%
5%.
37%
181
12%
*99%
16%
5%
22%
12%
12%
20%
21%
55
12%
39
21 %
55
55
1%
1%
;
;
100 )
par ;
'
S per share
$ per
share
$ per
100 ;
New York Docku-.
f
Year 1042
Lowest
.
11
preferred series Ai.
N Y C Omnibus Corp
■
100
v
$ per share
Par
/.
,
.
-
Vj
; 6%
i
900
-
120
53
,
3%
15%
*55
12%
53
1%
1
7
/
-
"
«
N Y Chic dr St. Louis
'2,900
4,100
*112%
3%
1%
55
55
116
,
.i'J
■
26%
*24%
-
—
3%
*36%
55%
55
116
•
50%
50%
181
15%
*55
20%
112
*112%
116%
xlb%
24%
24%
25
112%
117%
16
•37
11
21%
36%
180%
55%
16%
23%
*10
1%
15%
•115
*23
11
1
181%
181%
•99%
23
*9%
1%
"■
22%
55
%
22%
11%
1%
36
36%
-
23%
-
49%
3%
1:: J "
22%
1
58
*112%
50
1%
1
23%
58
25'
3%
23%
23 y#
22%
581/4
112
114
49%
l5/a
.3%
1%
22%
57
23
*112%
—
49
221/4
58%
■
Range Since January 1
-Lowest
Highest
7
EXCHANGE ,V,
.
Shares
23
*10%
27
,
♦111
115y*
.
11%
*24%
27
113 %
$ per share
22%
58%
'•
the Week
57
23%
59
June 4
$ per share
$ per share
$ per share
$ per share
June 3
NEW YORK STOCK
Sales for
Friday
Thursday
Wednesday
June 1
Monday
May 31
Range for Previous
STOCKS
tow AND HIGH SALE PRICES
Saturday
34
Oct
10% Jan
7% Sep
O
'7%
85%
7%
85%
85
85%
85
85
10%
10%
10%
10%
10%
10%
2,100
8 % preferred A—
Oppenheim Collins—
20%
20%
21%
21%
21%
21
21%
5,600
Otis Elevator
*148%
149%
149%
150
>
►149%
*36%
38
r
36%
38
*36%
86
*55
58
58%
56
56
59
*56
59%
59%
11%
11%
11%
10%
48
48
48
48
23%
14%
22%
23%
23%
•14
*23%
14%
23%
*14
14%
28%
29
28%
29
41
41
41
*40%
5%
155
155%
155%
156%
*155%
103
103
*102%
103%
;
4%
23 %
23
14%
28%
29
26%
26%
154%
5%
155
4%
16
16
4%
33
33%
32%
10%
10%
10%
10%
10%
10%
10%
10%
10%
*111%
111%
111%
111%
111%
111%
3%
3%
3%
3%
112
3%
3%
105
44%
*43%
*i05
*43%-
44
105
2%
*29%
2%
2%
2%
31%
31%
31%
31%
31%
*18%
18%
19
19
5%
,
5%
27%
27%
27%
*58
8%
17%
17
> 17
*16%
*109%
*109%
31%
*23%
24
24
24
*55%
55%
55%
55%
6
6%
6%
6%
44
44%
44 %
44%
15 %
15%
'
40%
*25
31%
*24
55%
8%
17
*16%
31%
X30%
24%
*24
''
55%
55%
400
1,200
1,000
'
42%
44
43%
43%
14,200
15%
15%
*14%
15
14 y2
14%
1,300
55%
•
44%
54
54%
54
54%
39
39
39
39
25
25
24%
24%
;7 ■;. 9%
9%
26
~
25%
44%
25%
25%
25%
25%
25
44%
45%
45%
45%
45
84%
*84
85
84
26%
25%
26%
89
89%
90
*109%
92
*90
49%
*5%
6%
*84%
25
*102%
6
90
*24%
49%
120
*87
24%
110
110
117%
11%
>90
95
*90
95
*90
49%
V 49%
49% ;
49 y4
49%
49%
6%
*5%
6%
*5%
6%
*5%
,95
90
'
•87
6%
*87
90
*24%
*102%
25
25
♦102%
120
90
24%
120
6%
8%
.8%
*72%
78%
*72%
78%
*72%
78%
*72%
78%
*14%
5%
~5%
*180
■:-r
5%
9%
9%
*9%
*180
•82%
49%
*68
*15
97
*82%
4%
14%
175
*14%
*160
*6%
55
14 %,
14%
*160
175;
~5%
5%
"5%
•5%
9%
9%
9%
*9%
97
*82%
•82%
97
49
49%
48
48%
68
68%
68
68
•15
15%
15%
*163
"5%
59%
59%
59%
46
20%
5%
20%
*45
20%
14%
5%
990
>
250
15%
14%
14%
*16iy4
5%
•
20%
23
13
12%
*5%
5%
"i%
20%
20%
20%
20 %
22%
*22%
22%
*22%
•22%
12%
12%
12%
12%
12%
17%
13
40%
*40%
40%
40%
40%
55%
55%
551%
55%
55%
56y4
118
17%
17%
13%
13%
*13
118
118
17%
13%
13
40 %
*40
41
55%
118
118
55%
*118
'
16 %
15%
16%
15%
16%
15%
16%
84%
85%
84%
84%.
83%
84%
84%
99%
99
99%
•108%
109%
109%
109%
109%
120%
119%
120%
119%
120%
117
117
116%
116%
38
37%
117%
38%
38%
98%
109%
119%
*109%
99%
99%
99%
,
940
110
109
110
690
119%
119%
119%
260
116%
118%
116 y4
116%
115%
116y2
250
38%
38%
38%
38%
88%
15,000
.
5
32% Apr
24% Jun
5
17% Feb;
4
56% May 10
6% May 28
'
1% Feb
45% May
28% Jan
7
16% May 18
58% May 20
41% May 20
5% Jan
34% Feb 18
Dec
11
May
May
18%
Jan
23 '/a
Jan
47%
Dec
2%
4.,
36
Jun
Apr
May
18
29% Mar 29
22
37
Jan
4
68% Jan
13% Jan
2
46V4Apr
86
Apr
14
26'A Jun
8
1
71
20
90'A Jun
3
28% Apr
49
Apr
7% Jun
55% Apr
(The)
70
Jan
102
;
Jan
8
3% Feb
8
34% Jan
5
59
,
9% Feb
9
170
Jan 21
181
Jan
13
59ya Jan
13
•
7% Jan.
4
1% Jan
8
4
14% Jan..
Jan
Jan.
.No par
preferred—,
-100
t6% preferred
—.
100
t7% preferred
-100
t8 % preferred
fPub Ser El & Gas pfd $5—,_No par
t$5
....
•
..No par
Jan
Dec
79
Dec
107% Mar
110
Nov
9
Jan
80
Oct
46
Dec
3% Dec
65
Nov
19% Oct
iep
Oct
56% Dec
68
4
7
7% Apr
9
165
May 20
165
Jan
Mar 31
Feb
r
May
Jan
10% Nov
165
Feb
175
Feb
3% Dec
5%
4
6% Jan
Jan
May
47% Apr
62
20
Jun
33%; Jan
58
Jun
70
•
6% Jun
153
July
10%
153
Oct
Feb
Jan
July
21% May 12
.11% Jun
14%
23 V4 Apr
13
Jun
,
5
15%
1
3% May
18% Oct
5% Jan
3
9%
Jan
21
5%
Jun
13
4
Jun
40% Jun
3
6% July
22% Jun
48% Jan
56 Va Jun
4
42
Feb
Feb
13
115
Feb
17% Apr
5
6
Jun
'
114% Apr
,
Jan
76%
114%
Jun
24% Jan
-50
,-No par
-100
'29)1;
Jan
22% Mar
7
6% Jan
—
pfd (ser of Feb 1
Pub Serv Corp of N J—-— -No par
3
6
40%
13% May 29
2
18
17% May
6% Jan.
5
May
15% Jan
6% Dec
32% Jan
Jan
May 18
5% May 29
61% Jun
1
46
May 29
28
43
27% Jan
4%
162
30
JUn
Feb
6%
16% Mar 29
2
150% Jan
May
'
6% May
65
May
30
Apr
1% Feb
51%
29% Jan
38%
May 19
52% May 12
75
Jan,; 4
98
103
Jan
May
88
5
241 Jan
66
Dec
Oct
Dec
7%
26% Apr
4% July
6% Apr
6
10% May 11
4
4% Jan
4
Jun
Apr
30
Mar 30
15% May
A
Jan
No par
Pullman Inc
75
175
18
5%
7% May 20
May 3
170
No par
5%
•
26
59
'9
.
14
Jan
Jan
Procter St Gamble
.
6
Jan 25
Apr
7% May 3
88% May 12
26
May 7.
10*2 - Jan
8
4
Jan
1st preferred
conv 2d preferred-
50
18
18% Jan
20
conv
4
29
20
Jan
May 28
Jan
92% May 18
3% Jan 16
—1
Pocahontas
5Mar
5
29
Creek
4
2
/ 79% Jan
44
19 %
4
12
25% Nov
% Jan
15% Mar
8
117% Jun
15
Aug
108% Feb
Apr
Jun
110
Jan
16% July
Jun
17
,
Sep
Jan
36
10
7% Feb
4
2
Jun
104
Oct
44
1% Jan
32
26% May
Apr 20
109% Jan
7
Nov
Dec
V 8
106
1%
29%
8
series—-——*100
Dec
17% Mar
82.
4
Feb
Jan
2% Jan
29%
60
12
6
17% Oct
13% Jan
23% Jan
20
.
Dec
Nov
17
Apr
56% May
1% Apr
Feb
5% Jan
Dec
44
23
6lA Jan
Oct
101
•:
A Mar
Jan 27
5 %
6,300
810
3
109% May
46% Jan
Postal Teleg Inc preferred- _No par
1
Pressed Steel Car Co Inc—
110
85%
Feb
23% Jan
■
Mar
Mar 26
17% Mar 26
13% Jan
109
.
3% Mar 26
44
Oct
Dec
2% Oct
13% Aug
19
2,300
15,100
500
;
9
,
4
.
.
.
38
Mar
preferred———100
Poor St Co class B_
5,900
119
15%
3'A Jan
1% Jan
Pond
100
56%
60% Mar
90% Apr 24
11
33% Jan
14,100
13
55%
2,500
>.
17%
13
13%
40%
.
17%
13%
•12%
13%
...
12
Jan
Class A preferred———100
Class B preferred——-——100
Plymouth Oil Co——5
560
390
»
5
Jan
Cement——No par
Pittston Co.
10,900
■
20 %
40%
99
200
V
*161 y4
58 %
13%
-
69
45%
17%'
page 2123.
'(
49%
69
57%
13%
For footnotes see
97
49
7
80
—
1,300
48%
45%
17%
37%
16,900
9%"
46
13
99%
*82%
"6%
59
*13
98%
97
6
*9%
58%
13%
:
,
*:• 7
46
13%
85
14% v
May 20
19% May 22
6% May 22
29
May 6
55% Apr 13
Pittsburgh Forgings Co
—1Pitts Ft Way & Chic Ry Co—100
7 % preferred————
—100
Pitts Screw St Bolt
—No par
Pittsburgh Steel Co—No par
7% preferred class B—100
.'
5 % preferred class A—.—100
5%% 1st ser.conv pr pfd
-100
Pittsburgh Ac West Va
100
Pitts Young Ac Ash Ry 7% pfd—100.
75
61%
17%
84%
6
23
$7 conv'pref ser A———No par
Penn G1 Sand Corp——-No par
5 % preferred
.————100
600
1.000
6%
8%
Jan.
1% Jan
$5 conv preferred——No par
400
V
56
16 *
—No par
50
120
r
Nov
.
106%
Apr
3U0
{
400
*175
9%
Jan
90
Jan
8% Jan
Jan
1,300
;
'
24%
.175
Jan.22
3
27
.
Sep
1
9
.
20% Apr
1%
t4%%
•15,400
!
90
46
13%
.
14%
*160
101
17
3% May 19
44% May 12
105
May 21
19 Va
i
6%
60%
11%
16
71%
112% Apr
Oct
•
4
Jan
32
7
50
45
17%
15%
14%
175
*sy8
7
7
7.
61%
20%
*22 y8
118
*6%
55%
■7
2
5
7
Phillips Jones Corp——,No par
1% preferred—j——100
Phillips Petroleum
No par
PnoeniX' Hosiery——-—.——5
Preferred
——*100
Plllsbury Flour Mills—t——25
Pitts C C & St Louis Ry Co
*100
Pittsburgh Coal of Pa—
.100
6% preferred————
—-100
Pitts Coke As Iron Corp
—No par
*14%
15
11%
117% 117%
6%
10% Jun
v:
11% Apr
6% Dec
2
1% Jan
—-
100
69
48%
"5%
10%
•13
*102%
95
46
*22%
23
24%
.
1
2
27% Jan
.—-—25
tPhiladelphia Co 6% preferred—50
t$6 preferred—
.—No par
Philco Corp
—
—3
Philip Morris St Co Ltd—-———10
; t Pref erred 4 V4 % series—-100
120
v.
*68%
*i6i%
~5%
*87
7
55%
*175
*175
69
44
*22 y8
56
49%
*162%
; 2,900
180
*10%
8%
*160
89%
117%
55%
14%
89%
11%
*6%
175
13,900
110
55%
14%
40
26 y4
115%
*8ya
•160
84%
24%
109%
8%
6%
56
500
*10%
8%
7
45%
115
*102% 120
58
15,000
84%
r.
.
25%
11
11%
8%
6%
4,100
45%
7
33% Jun
:
Phelphs-Dodge Corp.
6,800
v
19
101
1% Jan
2
Pet Milk Co—
No par
Petroleum Corp of America——.5
Pfeiffer Brewing Co———No par
300
■
■
24%
,
90%
8%
57
8
5V§
8
17% Apr
4
2
6%
'
.
116
114
*90
89%
>.
28
25
7%
-
110
111
*112%
*10
.25%
.
7%
11
*109%
115
11%
7%;
600
1,000
.
114
111
*113
49%
.....
•
84
25%
86%
*84
*109%
4
*24%
45
8
54
39
7,7.9%. ,!''10'.7'.7;
25%
9%
6% 7
54
.
6
Apr
16
r
12
—1
No par
Pennsylvania RR——-----.^-50
Peoples Drug Stores Inc.—a—5
Peoples G L Si O O (Chic)——100
tPeoria & Eastern Ry Co——100
Pepsi-Cola ..Co——L———*•—XPere Marquette Ry Co—-—100
0% prior preferred
——100
19,600
44
25%
*10
30%
*5%
7%
86%
r ;
24%
*9%
86%
100
■
f
w
55%
7%
25%
17
*38%
6% May 10
2
Jan
Nov
148% Nov
Apr
1% Mar
14% Oct
Penn-Dixle
i
400
24%
9%
85
1,000
6%
Apr
121.
30% May 27
2% Apr
8
Penney (J C) Co——-No par
Penn Coal Si Coke Corp
;-10
5,800
55%
7%
25%
8y4
3% 7
7
24%
55%
6%
74
8
17% Jan 22
—I
Penlck & Ford
30%
9%
85
t-
6%
6%
4
May
11% Apr
Parmelee Transportation—No par
Patlno Mines & Enterprises—10
31%
7%
*44%
>
*109%
Jan
Jun
156
27% May 10
Parker Rust Proof Co—;—i—2.50
41
*16%
17
13%
105
5
12
700
3,000
41
*109%
9%
■■
27
59%
3%
41
34
15% Jan
Parke Davis & Co—
*88%
*8%
3%
3%
41
7%
9
'
25%
24% Nov
Apr
Jan
100
Nov
Apr
35 !A Jan
100
'3,200
f 3,600
•
5%
88%
preferred—i—
21
15%
22%
Paramount Pictures Inc——1
Park Utah* Consol Mines--—
39
39
40%
27
*25
■v
18%
*58
conv
Oct
Oct
Mar 26
25
.
105% Jan
2
Jan
7
20
16/
41% Apr 28
28% May 24
2
Jan
Jan
7% Jan
1
9%. Apr
29
23% Jan 20
.
6%
25% Oct
Apr
4
.
2% Jan
Inc——;—-—No par
3,100
■'
32
15%
*54%
56
*55
8%
3%
40%
■Kf»
16% Jan
B% Jan
4% Apr
16-
Mar
48
V.57% Dec
5
Jan
3% Jan
9
---10
2,800
V
' 2%
18%
5%
88%
Mar 15
Jun
Park & Tilford Inc
31%
59%
88%
8%
3%
31%
15%
30
16.600
31
2%
•
27,
*58
89 y8
40%
31%
.
5%
27
27%
59%
8%
8%
3%
*40%
*109%
31%
7
Paraffine Cos
700
•
'
27
42
3%
3%,
41%
*16%
18%
5%
'■
*29
2%
32
18%
5%
88%
89%
8%
8%
3%
2%
:
31%
18%
5%
*58
59
89
89%
41%
2%
27%
31
148
No par
Panhandle Prod A Ref—_—
5,800
j
27%
27
'•
'
*58
59
89%
*29
32
-18%
5%;
27%
5%
!
44%
43%
13
19
Corp—-5
Pan-Amer Petrol Si Transp——^.-5
fPanhandle East P L 5.60% pfdjlOO
160
•
3% 7
*105
26%
31
*29
31
44
*105
27%
26%
27%
26%
30%
2%
44%
*105
27%
26%
*29
3%
*43
Pacific Western Oil Corp-
700
33%
44
14% Jan
.
Dec
143% Sep
27*% Deo
Mar
Apr
6% Mar
Mar 25
Jun
17%
43% Apr
13% Apr 29
50% May 20
25 V2 May 20
10
Pan American Airways
33 %
10%
:
7
12,600
2,200
32%
*111%
13
5
91% Jan
Packard Motor Car-—
33%
3%
2
5
.
42
60% Mar 12
6% Jan
tPaeific Telep St Teleg——100
16 % preferred-^---—i-'.
—100
Pacific Tin Consol'd Corp—
;i
100
132
Jan
4%
Apr
11% Mar
xl6%
7% Jan
i
Jan
79
Jan
2%
8
Apr 24
23% Jan
r
•
;
10,700
32%
112
58
23 'A Jan
39,300
33
3%
22
Jan
4
Mar 19
38
54% Jan 12
Dec
6%
Apr
151
33
•
32%
*111%
5
15
Pacific Ltg Corp-———No par
Pacific Mills——
±—r--—No par
120
,>-•
..16
4%
Jan
8
Co—---.——10
4% 7.7
16
-
4%
2
Pacific Gas & Electric——25
1,600
1;
7
5%
5%
7,
•
•
4%
21% Jun
500
•
4
105
154
8
Mar
Deo
30%
69
3
11,760
'
26%
104
10% Jun
46
t
preferred
—No par
2d preferred——No parPacific Finance Corp (Cal)
10
300
14%
Coast
90
2
28% Jan
1st
420
■
41%
104
Pacific
90
23%
41%
Paciflo Amer Fisheries Ino-—
660
•
48%
14%
-5%
4%
*15
15
15
600
11% ■*>■*
.
2
12%
Jan
2% Jan
17
2
Jan
142
preferred—100
5
tOutlet Co—No par
Owens-Illinois Glass Co———12.50
6% Apr
8
Jun
8% May 22
15% Jan
—-—-No par
6 %
100
19% May
45
3 % Jan
69
.——10.0
_No par
Outboard. Marine St Mfg
2,900
*
11% -
11%
•46%
41 y4
154%
5%
5%
15%
11%
;
<
300
60%
28%
26
*.■.
5%
57%
59%
12
10%
47%
*103%
4%
*55
>
60
170
100
:
37%
28%
-
27%
15%
5%
150
*35%
14%
,
103
155
*149%
36%
7
41
"
■
28%
4%
5%
*46
22%
41
26%
27%
27%
27
27
/' 10%
v
14%
28%
*40%
*102%
*11%
-7'
11%
49
150
57%
59%
12%
12%
12%
*11%
12%
12%
(The)—————6
10%
59
11%
Omnibus Corp
85
58
*48
*84
7%
20%
20%
*148% 149%
38
*36%
*55
:
7%
10
20
*58%
>
V
85
v
10
9%
X44
45
•7%
7
123
11% .Tan
75% Jan 20
9%
62
Jan
Sep
8% Jan
8%
Jan
29%
Jan
52%
122
Oct
Oct
Jun
14%
Jan
Mar
86%
Jan
85% Jan
2
88% May
101 % Apr
73% Mar
X99%
96% Jan
4
110% Apr
5
79% Mar
111
Jan
109% Jan
4
126% Apr
6
99
Mar
123
Jan
115% Jun
4
119
111% Mar
116
Oct
26% Jan
2
6
Mar 30
38% Jun
4
20% July
Jan
28% Nov
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4183
157
RECORD
NEW YORK STOCK
LOW
$ per
$
share
18
STOCKS
SALE PRICES
Tuesday
June 1
June 2
$ per
per share
18
18I/4
17%
18%
'
17%
18%
17%
18
"
108■
•107%
108
102i/2
1021/a
M9'/a ' 19%
*13%
*107%
108%
103%
1,600
*20 %
20%
20%
20%
13%
13%
13%
-It. *13%
13%
*13y4
* 13Va
12
'
12%
.69
11%
12%
11%
11%
ll3/4
12
69
12%
12%;
69%
68%
69%
69%'
69%
69%
693A
*100%
"100%
*1003/4
*100%
8%
~9%
;.V 9%
98%
96%
99
98
98%
29%
29%
29%
29
29%
14%
13%
14%
13%
14
30
29%
20%
29%
*29%
21
20
20%
19%
33%
33%
33%
33%
♦32%
30
30
30
*29 3/4
■
34
30 '■ ;
,
95/e
*100%
30%
92
*28%
13%
*29%
20%
20%
33%
33%
9"%
96 y8
-96%
96%
29%
29%
13%
14 »/8
14
14%
29 %
29 Vn
*29y8
19%
20 %
;
500
75
■
*5%
300
30
30
5%
Z*5%
5%
.*73
75
*73
v
•
.■
•
100
.
75-'
/>";,■
49%
51%
51%
54
5 3 3/s
543/4
50 %
54y4
*9%
10%
*9%
10
*9%
10 %
*95/a
9%
18%
18%
18%
18%
18%
18%
18 %
78%
78%
78%
*77 ,Z
58%
17
17%
78%
78%
57%
*58%
57%
60
*58%
60
10
10 Va
18%
17%
100%
*100%
84%
84%
84%
83 %
8%
68%
69
8%
11%
11%
93%
93%
11%
11%
11%
11%
30%
30%
31%
31%
32%
37
29%
*36
38
38
38%
38%
10%
16%
*16 ■'
*8%
9
*8%
*8%
9
11%
93
103A
31%
37
37
10%
*8%
24%
24%
24%
25
;
25%
25%
26%
25%
18
17%
17%
17%
17%
16%
17
17%
*46%
49
33%
1%
1%
*9%
is
1%
*61/8
8
40%
111
111
10
35%
*102%
423/a
*1113/8
110%
36
*1113/8
115
1113/a
111%
111%
1%
1%
3%
33%
2%
3%
25%
26%
26
3%
3'/a
•
76%
77%
15
15%
15%
65%
65%
65%
15%
16
*71%
72
41
253/8
9%
9%
*9%
41
16
,71%
15%.
71%
1
9%
9%
4%
1%
1%
1%
l3/8
*25%
263/s
*253/4
11
10%
II
41%
41%
111%
11
,11%'
112
41%
1133/4
112%
'293/4
29%
29%
*29
21%
21%
21%
22%
29%
29%
29 s/8
29%
13%
133/4
13%
13%
*112
113%
13%
Sinclair
30%
30%
13%
14
5,100
4%
4%.
7,400
24%;
24%
243/4
243/4
1,300
S'eastern
28
28
28%
28%
29
5,000
So
146
*143
*141%
22%
*141%
146
22%
22%
12%
13
29
29%
28%
29
46%
:
•
*59
6%
6
*5%
•
.
*46
*26%
303/4
38%
:.Z.^
27%
30%
38%
6%
49%
343/4
*113%
13%
29
-.
27%
28
27%
28
27%
28%
45%
46 Va
46%
46
44%
46
59
59
59
'
6%
200
31%
303/8
273/4;;,Z
31
''Z;Z
;
%
383/4
383/4
38%
38%
:
593/4
58
58
111%
1%
r-;'.
*58
59%
6%
6
6%
48%
473/4
49
48%
4 8 3/4
36
36
36%
35%
36
-~;'z;
1143/4
113%
113%
;
*115
7
■
4—
1%
3%
.
.
*110
:
mm"' '■
4
'mm.
.
'•
'
"-'i; :
*
*113%
113%
*110%
;M%
*233/8
56%
44%
——
■
29%
63%
..
—'
i.
10
3%
23%
24
*233/8
24%
;
.
..
,
;
1%
33/4
33/4
24
28%
29 Va
283/4
39%
39%
39%
35s/a
35%
343/4
57
57 V4
57
57%
56%
5 7 Va
44%
445/s
44%
44%
73/4
30
63
63 %
Corp—
.14%
3%
."
8
63%
63%
133/4
13%
133/4
1434
14%
14%
14%
9%
9%
9%
9%
9%;
9%
9%
93/4
9%
6,600
13
131/4
25.000
57%
57%
500
127%
50
6%
3,700
21%
3,100
33/4
6,300
*125
127%
125/8
*57
*125
12%
13
*57
58%
*125
127 Vi
6%
6%
6%
213/8
213/4
21%
21%
3 3/4
3%
3%
6 %
6%
33/4
78
79
30 3/4
31%
21
3%
13
573/4
127%
6% :
21%
33/4
78
79
78
30%
30%
,
*125
6%
21
3%
*78
79
; Standard Oil of Ohio
•
2,800
L S
Sterling Drug Inc.
8,600
11,900
200
,
Stewart-Warner
Stone
<fe
Studebaker Corp
(The)
pfd (4%%
8unshine Mining Co
Class
A
cum)
8uperheater Co (The)
Superior Oil Corp
Superior Oil of Calif
Superior Steel Corp
31%
30
30%
2,900
31
*30
32
32
*30
31%
500
Sutherland Paper Co
11%
*11
113/4
11%
11%
*11
11%
500
11%
11
Sweets Co of Amer
25%
26%
26%
26%
27%
26%
27
263/4
8,100
For
footnotes see page 2123.
6%
Apr
9
Jan
4
6%
Apr
9%
Nov
9% May
8
33/4
Jan
63/4 Nov
Swift &
Co—
7
263/8 Jun
(The)
16
Feb
7
May
13%
Nov
34% May
3
47%
Nov
21%
Dec
6
18
Jan
4
49 % Mar 19
28% Jan
A Jan
% Jan
2
36% Mar 30
23
34%
Jan
6
13/4 Mar
1
A
Jan
A
Nov
2
16
9
7
7
4
3 Va Mar
1
%
Jan
1%
Sep
4
Jan
7% Jan
35
Jan
105% Jan
9% Jun
19% Jan 12
96
Jan 15
38
Jan
9
111
May 4
,
1073/4 Jan 23
A Jan
2
% Jan 2
16% Jan
:
Jan
Jan
2
6
Jan 19
15% Jan
16 % Jan
10% Jan
2% Jan
165/8 Jan
20% Jan
132
Jan
2
4
2
2
11
2
15
21% Jan 2
103/4 Jan 13
15a/4 Jan
7
163A
35%
42 Va
2%
—No par
1
-100
100
No par
—1
25
100
10
12%
25
10% Jan
4% Jan
5% Jan
5%
48%
122^
3 /4
Jan
Jan
2
2
6
6
9
Apr 2
Jan >2
12% Jan 2
172
583/4 Feb 23
14% Jan 20
26 A Jan
43/4 Feb
22% Jan
4
1
2
110
Jan
x93/a
123/4
19
Dec
19%
Jan
Apr
21%
Dec
May
98
Oct
Apr
39
Dec
109 Va Aug
116
78
May 26
25'/a
1
115
Feb
16
112
Mar 23
106%
Jan
113%
Dec
Mar
1
Va
Jun
A
Feb
4% Mar
1
3/a
Dec
lVa
Sep
10%
Apr
17 Va
Dec
I3/*
Dec
3 3/a Mar
43% May
62% Nov
2
26% Jun
3% Mar
78
Jun
Jan
11%
Dec
16% May
8
Apr
10%
Nov
673/4 May
62
Deo
60
Jan
47/a
16% Jun
Jan
16% May
4%
54%
9%
Apr
73% May
Apr
66
4 % Mar
Jun
4
30% May
35
26% Jun
4
10%
Apr
183/4
7
2%
Jun
42
5
28
Apr
1% Feb
%
18
26 3/s Jun
Nov
4
Aug
Dec
4% Jan
17
11% May
May 29
Deo
Nov
9% May 25
Dec
13%
Apr
20 3/a Aug
27
Dec
Nov
103/4 May 27
43% May
126% Apr
118
19 3/8
Apr
30%
'
Oct
4
8
65
Apr
100
Jan
Mar 31
108
July
113%
Dec
30% May
7
15% July
20%
Jan
23% Jun
4
Nov
3
9
Apr
13% May
6% Mar
15%
x30 % Jum.
10%
Dec
1% Mar
2%
Jun
13% May 27
5
Apr
6
253/4 May 27
29
143
25
v
14
17%
Jun
122%
Nov
14%
Apr
Jun
Apr
153/4
Apr
4
May 27
Feb
17
.
Jan
26%
Jan
1443/4
Jan
21% Nov
Apr
12%
Jan
30% May
10
Jun
18%
Nov
303/8 Apr
18%
Feb
493/8 May
12% May
233/4 Jun
66
Apr
343/4
Jan
50% Mar
6 3/s Jun
1 %
Apr
1%
Nov
9%
133/4 Apr
'
53/4 May 27
50
May 13
31
-
28% Apr 30
17%
35% Mar 15
21%
39 % Apr
1
26
49
Oct
39
3
Aug
3%
Feb
Dec
59
July
Apr
24
Nov
Dec
31 '/a
Jan
Sep
30
59% Jan
-
37
Mar
Mar
60
Jan
4
2%
Sep
4 Va
Jan
6
373/4 Mar 12
293/4
Sep
Jun
45%
Jan
383/a
Jan
"
6% May
513/4 May
1143% Apr 28
663/a Jun
4
1163/4 May
6
7
111% May 24
7% May
27%
108
-
Dec
40%
Apr
109% Aug
Feb
114
49%
Jan
113
Jan
Apr
5
Jan
89% May
110
23/4
A
,'A
Jan
%
Sep
2% Mar 13
Oct
■
.
Apr
2%
Oct
26% Apr 29
5% May
11%
Jan
32% Apr 30
v
2
37 Vi Jan
4
7
Apr 29
25
Jan 2
26
60% Jan
12
7 % Jan
Jun
104
Sep
Feb
2
46% Jan
Jan
7%
43
7
28% Jan
8
28% Jan 12
44
12% Mar 26
6
4
2VA Jan 26
24% Jan 2
32% Jan 18
4
5
5
Sep
Apr
29%
373/4 Apr
105
Jan
A Jan
1% Jan
9
Jan
10
29
Jan 2
Jan 9
Jan 12
Jan 6
100% Jan
Jan
1113/4 Apr
2% Jan
33
Jan
5
8
4
5
Jan
2
Jun
1
Jan
2
10% May 21
28% Jan 11
2
Mar
413/4 jun
Jan 20
Jan
7
Jan
8
Jan
4
Jan 14
Jan
May
Mar 11
9
2
Jan
8
59% Jan 12
10 Va Jan 13
9
Jan
7
54
Jan
4
8%
643A
53A
31%
173/a
23/a
16%
1%
21
May 29
13
4
57
Jan 9
3
Jan 2
35% Jan 7
33
Jan 6
109 .: Jan 28
49
Jan 10
113
Feb 17
4% Jan 2
No par
31
26%
4
17% May
2
11% Jan
—1
Sun Oil Co
31
26%
103/4 Jun
8
20 y2 Jan
No par
11%
*30
7
Jan
43
5
Corp
Webster
31% Nov
7% Jan
—10
,8tokely Bros & Co Inc
Apr
-
5% Jan
Ll
Standard Steel Spring
y2 Jun
X20
9
No par
31
'
Jan
Oil of Calif.
31%
30%
54
preferred
prior preferred
*77
*29%
2
—No par
$6 cum prior
78%
*77
38
25
25
63%
10
4
.Standard Oil of New Jersey
63%
9%
Oct
Jan
34 3/s Feb
18,200
63 V4
9%
Jan
27%
No par
-
(The)
Jan
2
7.50
—No par
-
Starrett
74
May
32 y4 Jun
No par
No par
1,100
Oct
1293/8 Mar
2
No par
No par
No par
Co
*12% May 20
Jan
73/8
.
25% Jan
—25
19,300
Jun
-10
Standard Oil of Indiana—
,'800
7%"
4%
Jan
86 3/4
Dec
Jan
1
—100
No par
preferred
$7 cum
-
5%
;
preferred
Standard
29%
9%
z
6
70
6
8%
9,500
29%
9%
Gas Co
Brands
14,000
283/4
58%
6%
•
28%
12 3/4
22
-
73/4
10
$4
863/a Apr
85%
100
SUndard Gas & El Co
800
28 %
12%
126 %
7%
4
Dec
19
100% Mar
3% Mar
No par
Sugar
'
8
Jun
6% May
75% Apr
,15
-1
5
conv
$4.50
6,600
8%
9
5%
5,000
44%
29%
'
Z "
35V4
57%,
.
39%
35
443/4
Sep
1
—5
$5 pref series A
11,100
;■
29
393/a
353/a
443/4
133/a
x94%
2
6
Dec
Nov
5 3/s
113/a May 28
Ry
Standard
300
23%
Jun
19 y4 Apr
6
101% May 24
71%
49
Jan
2%
933/4 Jun
——1
No par
-—No par
preferred
Squibb (E R) & Sons
>
30
63%
•
;
38,600
1%
1%
3%
•
'
■
7%
29%
58
3%
1%
4
1%
.
70
200
111%
35
12%
6%
1%
3%
•
7%
"
39%
58%
21%
^
:
111%
73/8
111
10
14,000
Z
116
29
*28.
—1
9%
12%
*114
115%
66%
395/a
8
14
9
663/a
35%
•
63%
13%
111
111
113%
44%
——
8%
8
113%
113%
38 y4
6
2
Square D Co
800
5,100
2,400
Z
35%
56%
*
56%
44%
'
35%
Z Z
49
293/4
'
35%
24
48%
.
6
39%
39%
353/8
1%
4 7
"
-
7%
73/8
7%
7%.
115
*114
115
114
5%
6
*64%
65%
65%
115%
5%
29
29
39%
■
33/4
24%
29
*58
593/4
3
10% Apr
7
5,800
27%
31
*27
„
Mar
58 % Jun
Jan
1,060
27%
31%
X55
Mar 19
79
4
80
No par
—10
preferred
Dec
5% Jan
par
No par
Spencer Kellogg & Sons—...No par
Sperry Corp (The)——.———1
Spicer Mfg Co.,
—No par
$3 conv preferred A
No par
Spiegel Inc2
tConv $4.50 preferred
No par
$5.50
13
—1
.100
Co———1
Spear &
'
vZ,:,
7 % May
2
5% Jan
par
No par
—100
r.
tMobile & Ohio stk tr ctfs
-100
Sparks Withington
-No par
17,200
53/4
Dec
1
4
Jan
Feb
6
May
18% Jun
73% Jan
.100
preferred
5%
20
38%
27%.
27%
% Jan
14
California Edison——25
Southern
3,900
60
55
20
95 y2 Jan
10
100
100
—100
—100
No par
100
—5 .
5
100
No par
No par
No par
No par
100
-
Southern Pacific Co
10,600
,
Z:
31%
z
•
126
*5%
„•
*46
35%
1
7%
9%
6%
6%
5%
55
Jan
4V4 Jan
No par
Southern Natural
2,200
31,300
■
'" 38%
27%
39
*46
55
*46
*65%
7
*57
5%
6
*5%
*59
41%
f
115%
*28
...
%
6%
*65%
r* 23%
6%
6%
6%
63/a
6
31%
*58
'ZZV"
v:
114%
111%
133/8
28 V$
55
38%
•
353/a
*115
13 %
283/4
60
31
:
-'.
593/4
6%
49
13%
27%
Z
Dec
7%
16
._10
preferred
Southern
5,200
'
/ *26%
*58
13%
28%:
'
56
*46
22%
13%
47%
6%
6%
*5%
22%
28%
28%
60
*59
22%
213/4
22%
'
J.
;v.
22%
22
Dec
42 Va Jan
-15
Porto Rico
8%
146
59
Z; 28%
46%
:
_'' ^
*143
146
,
Zv
13%
29%
'<
47%
'•V
>■■■'
4
>;■
22%
12%
283/4
V/Z
,
*143
146
4%
Apr
6
103/4 Mar
2
; South Am
24%"
27 5/8
■
11
May 27
7% Jan
Gold & Platinum
Greyhound Lines
4%
243/i
4
3
10
20
54
Socony Vacuum Oil Co Inc
30,800
25
.
543/4 Jun
Jan
19
273/4
4%
Jan
-10
25
4%
Dec
69
t c—No par
Snider Packing Corp——_—No par
273/a
43/8
70
12
Smith & Cor Type v
'
Nov
Jan
6
Corp—-—No par
Smith (A O)
Sep
33/8
Jan
39
20
5
Corp
23%
May
1%
25
77
111
3,100
7
29
Jan
tSloss-Sheffield Steel & Iron—100
t$6 preferredNo par
400
23%
5% Apr
.
75
Skelly Oil Co
27%
27
22
20
Coalition Mines
Oil
20
28
Feb
Petroleum
25%
4%
*25
Feb
11%
1,100
29
30%
13%
26%
2,520
112%
23%
Dec
23% July
Jan
14 y8 Jan
Simonds Saw & Steel——No par
42,400
403/4
14
X30%
■„
11 zZ
117
*28%
29
23%
30%
13%
Simms
100
10%
12
4
70
Simmons Co
1,700
*112
29
23%
30
..
150
8,000
112%
*112
1,300
1%
116
Jun
20
conv
26%
*40%
Dec
7%
29ya May
pref ser A
(Frank G)
$3.50
27%
11
22
7
Sharpe & Dohme
1%
41 %
Jan
3% Jan
No par
preferred
263/8
116%
29%
■
22%
Steel
conv
1%
10%
15%
223/4 Jan
27%
112%
*112
29%
*112
$5
26%
403/4
Dec
29% May 24
Jan
66% Jan
27%
114%
54%
28% Nov
Silver King
114%
Jun
233/4 May
1,800
41
40 3/4
112%
34%
26% Jan
43/a
11%
Z
403/4
111%
1
Jun
15% Nov
4V4
1%
99
Apr
4%
*25%.,
2
22% May 5
34 >/4 Mar 30
7,800
27%
263/8
1
143/a Jan
42
4%.
Dec
30
10 % Jun
2
30
26%
9%
3%
Dec
26 V2 Jan
26%
93/4
Dec
Apr
5
14% Jun
42
93%
Dec
90
11% Jan
No par
Inc..
Sharon
500
;
59%
Apr
2% Mar
88
1
45
l3/a
26%
400
4,900
71
46% Mar
693/4 Jun
100 3/4 Apr
21
26
27%
26%
28
1%.
.*25%
16
*70
4
4
4
Mar 16
54 % Jan
25%
9%
.
.;
4%
4
16
71
12% May
Jan
3% Jan
*41%
9%
253/a
243/4
66
290
'
10% Oct
59
,No par
Shattuck
-—No par
tSheaffer (W A) Pen Co—No par
Shell Union Oil—
-—15
■„
42
*40%
Bervel
1,800
153/4
66
15%
71
16%
16
71%
11,200
15s/B
15%
*65%
65%
65%
16
71%
16%
16
8% Mar
64 y2 Jan
Francisco
preferred—
66 %
16%
15%
6
78% July
Seagrave Corp
—
Sears Roebuck & Co
15%
13% Apr
7
Louis-San
11,100
3
3
™
Nov
18
Seaboard Oil Co of Del
2,900
•
14%
Feb
.
76%
3%
76%
15%
15%
65%
25%
76
...
3
23/4
25
*3
3%
773/8
15 % :: 15%
25%
27%
28
27
84,800
13,900
23/4
Dec
9% Mar
9% Apr
preferred
$4 preferred
tSeaboard Air Line
4-2% preferred
20
1%
1
255/a
•3
41
4%
4%
4%
112%
2%
15%
41
25%.
*110%
255/8
76%'
245/a
:
*1113/8
1 %
Dec
7
98
$4.50
50
112%
'.1
■
Dec
92%
13
Scott Paper Co
500
42 %
115
2%
15%
'■
42%
300
,
115
26 3/s
1%:
78
15
15%
1%
25%
33/8
*3
77%
423/a
104%
*110%
111%
1
7,200
*1113/8
1113/8
*110%
690
12,100
*102%
11%
106%
Jun
.100
.—
preferred
Safeway Stores
5% preferred
Savage Arms Corp
;
Schenley Distillers Corp
5%% preferred
3,400
10
80%
85l/2 Jan
No
5%
36
16
——v. .100
ISt Louis Southwestern
150
111%
2
.
Joseph Lead
6%
10 3/s
9%
>Z
103
42 3/s
110%
1%
*15%
103
JSt
35%
10
42%
115
vlll%
36%
42%
42%
1%
*25%
10
X36
103
103
105
42 3/8
42%
10%
St
4,900
>4,900
413/4
41
40%
111
36%
'
353/4
V
403A
2,000
''
8
*6%
*93/8
111
111
10
10%
*35%
105
40%
405/s
1103/4
10
10%
35%
*103
41
111
40%
41
110%
6%
10%
4% Jan
7
Apr
90% May
4
Mar
92
Richfield Oil Corp___
No par
Ritter Dental Mfg
No par
Roan Antelope Copper Mines—
Ruberoid Co (The)—
No par
—1
Rustless Iron & Steel Corp
$2.50 conv preferred
No par
1%
%
6 %
10%
*93/8
10%
—
33%
13/S
*9%
8
*6%
8
*93/8
10%
49
%
%
1%
1%
500
9
,zZZZZ;:z.-_'
26%
3,600 :
17%
4,400
33%
33%;
333/8
z..%:
m
1%
*463%
49
*46 3%
33%
33%
%,
%
''1%
I
*6%
33%
333/4
33%
%
49
*46%
''
4
.
tCommon
9,700
7;
10% Jan
19y4May
—25
Rayonier Inc
$3 preferred
_
22,700
50
15%
.10
Reynolds Metals Co___
No
5%% conv preferred
Reynolds Spring
Reynolds (R J) Tob class B
50
\,¥ 2,600
103/8
17%
49
Z,
*
15 5/8
24%
*46%
93
10%
/ 9
*8%
:
150
2,100
31%
1
21% May
...
Revere Copper
Brass
f7% preferred
rf5%% preferred-
3,400
•;
.
11
10%
16
9
69%
11%
*68%
16
10%
*16
16%
'.
2
6% conv prior pfd ser A
;
40
16%
10%
10%
10%
10%
*15%
83/4
92
31%
313/fl
*37
17,800
40
8%
13% Jan
Radio Corp of Amer
No par
$3.50 conv 1st preferred—No par
t$5 preferred B—
—No par
—1
Radlo-Kelth-Orpheum
,
100
t6% conv preferred
—..
Raybestos Manhattan.
No par
300
10%
10%
\
84
11%
*92
11%
10%
4,000
94%
11%
94%
*92
69%
69 %
11%
11%
11%
93
50
101
*91
92
*91 %
69%
*68%
70
11%
93
v
8%
8%
93
300
.
No par
—1
Remington-Rand
:
-25
-Preferred with warrants
tRensselaer & Sara RR Co——. .100
—1
Reo Motors, Inc—
Republic Steel Corp
No par
.100
6% conv preferred*
20,200
■
10
*823/4
83%
83%
.
183/s
101
101
101
83%
*91%
93
'
*68
101
8%
8%
*91%
60
97/8
173%
100%
100
783/a
*58y2
18%
101%
*91%
783/a
58 %
10
*100%
8%
78%
10
18
93
187/a
18
10
■'>
18%
18%
9%
18%
8%
19
10%
'
9%
18%
*83
*18
—
19
*18
19%
18
*18%
19%
*--■
1,080
„
102% May 27
Reading Company—
-50
-4% 1st preferred
.—
-50
4% 2d preferred
—5
Real Silk Hosiery
.100
V Preferred. ———.
.100
Reis (Robt) & Co 1st pfd
—.
Reliable Stores Corp
No par
-10
Reliance Mfg Co
1,700
\
109
2
-50
I
18,600
;
300
10
*77
.
700
34
50
*18%
.
:
20%
*33%
*9%
•
2,970
'
■
293/4
49%
Z
151,800
f.
29 %
96
29%
*73
75
*73
75
*73
„
*28%
*5% z: 5%
5%
5% Z
5%
*5%
_93/4
9%
'
1,500
'
,
30
*29%
•<>
10
9%
10%
70,200
r
3
11
R
■
*69
14
92 % Jan
Quaker State Oil Ref Corp—
100
V
Jan
104% Feb
par
conv
Highest
f per share
per share
100
.
5%
$ per share
1942
Lowest
-
_100
preferred
preferred
Purity Bakeries
500
20%
No
(The)
6%
500
*102%
20%
*13%
13%
Pure Oil
9,800
18
108
102%
108
Year
Highest
$ per share
Par
102%
108
102%
20%.
19%
,
108
*102
108
102%
102%
Since January 1
Lowest
Shares
$ per share
$ per share
$ per share
share
Range for Previous
Range
STOCK
YORK
EXCHANGE
the Week
June 4
June 3
NEW
Sales for
Friday
Thursday
Wednesday
May 31
May 29
,
AND HIGH
Monday
Saturday
2121
6
13%
Jan
6% Mar 13
,
Apr ;
Mar
29%
Dec
8
18
35% May 29
20
Apr
29
Deo
57% May 10
30%
Apr
47
Dec
45 % May
26
25%
Apr
40
NOV
9% May
5
40
May
66
May
223/4
Dec
343/4
Jan
42
31% Mar 31
Apr
Jan
62
Dec
5%
14% Jun
8% Nov
3% Mar
4 3/a
10 3/4 May
4
Apr
63/4 Nov
13% May
3»/4
Jan
6%; Nov
93/8 Jun
63% Mar 30
43
116%
Apr
Apr
55a/4
128
Jan
Jan
Dec
Jan
4
73/8 Apr
1
3 3/a May
5%
Jan
May 28
11% May
15%
Jan
127
22
4% May 10
82
May
313/4 Mar 25
273/b Jun
1%
Jan
9% May
16%
Dec
Feb
26%
Dec
7
313/4 May 27
11% Jun
Apr
1
3
2
11%
3% May
20
6ep
4% Aug
25
Jan
LOW
Monday
Tuesday
May 25)
May 31
June 1
$
$ per share
$
per share
Frida
Thursday
34%
34V4
34%
34%
34%
34%
34%
34%
34%
33
33
33%
32%
33%
31%
32%
31%
32%
8%
8%
8%
7
*4%
13%
50%
50%
51/2
5%
40%
14%
12%
12%
12%
13
26%
27
25%
25%
9%
*9%
9%
*9%
7
*79%
48
6%
2%
2%
7
7
*6Va
80
*79 Va
81
45%
*46
5%
6%
5%
6%
6
12
*11%
12
12
33
32%
33%
32%
32%
2%
24%
13 %
102%
32%
31%
32%
31%
31%
48%
48 %
49%
49
49%
*15
16
32
*9
90
"■
89%
.
*9
9%
20%
31
<88%
89%
9
8%
9%
4%
"
120
8974
*88%
,
9
8%
•1,600
;
20%
'
20%
20%
21%
21
21%
20%
21%
16,000
31%
31%
31%
31%
31%
31%
31%
3,600
9%
9%
9%
9%
9%
9%
8%
75%
75%
75%
75%
75 %
75%
75%
75%
9 74
75%
3,300
75
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
4,600
50%
51
51
51%
51
52
52%
52%
53%
53%
1,600
11
11%
11%
11%
11%
11%
11 Va
11%
11%
11%
30,600
86%
86%
86%
86%
85%
86%
X84%
85%
9%
9
■
.
310
13% May 29
5
14% May 29
7
13 Va Jun
33 74 Jan
—-No par
V 20 th. Cen Fox Film Carp_».-,.-No .par
$1.50 preferred————No par,
/ Twin City Rapid Tran_
No par
■
7 ft preferred———-100
Twin Coach Co_.
1
Truax-Traer
>.
•
Jan
1574
Nov
8%
19
1
69
.
,
I, 25.
.
Jan
674 Jan
Dec
34'/a
Jan
31% May
43%
Jan
Jan
6%
Dec
Jun
2
774 May
18%
12% Mar
6'YS
4
3174 Apr
y» Jun
5% Jun
I
„
1
16
Jan
21%
,
Oct
Jan
Nov
Nov
6
,
78%
574 May
.
Nov
26%
Jan
1%
Dec
Nov
774 Aug
Jan
19%
.
V
.1074 May 29
1
71
774
,
5
9% Jun
7574 Jun
,
2Va
56
/
.21% May 10
7
Jan
% Mar
8
May 25 V
9% May
,
7
Jan.. 5
67
/
97
May
8
874
90
6
4
4% Jan / 5
„
Feb
Mar
22
4
4% May
8
12% Jan
10%
85.,
16%-Apr
5
Jan
.
v./ 6 Va Jan
.
Jan
10'/a May
5
23%" May 19
6% Jan4
27,
.
-—
4974 Jun
15% Jan
,
Corp—
Dec
Nov
20
11% Jan
1% Jan
974
1%
40% Jan
(i
Feb
3% Sep
27%
4-No par
V
Jan
34%
JJ Mar
34% Mar 31
No par
Dec
Jan
2% July
103% May 26
i,
Mar
474
5% Jun
17% July
2
•
3
52 Va
Apr
4
14%; Apr
12
Jan
Jun
Jan
30
24
2574 Apr
Jan
Oct
9 V*
42
Nov
Mar 18
3
Va Jan
24Va
Jan
Sep
3%
May 27
12% Apr
33% Jun
87a Jan
26% Feb
Corp_———————2
Dec
2% May
6% May 24
9% Jan
8%
41
1
4
preferred-^—No par
$6
■
49
Jan
16
27
8% Jun
5
1
Dec
Apr
5
83 Va May 11
6
7
3
Oct
8%
34%
12
7 Va Apr
8
Jan
4
374
37%
May
7%
4
V Apr
2874 Jan
Tri-Continental Corp—_———1
*
11% May
46
5
;
Nov
Apr
>4%
1
28% Apr
12
Dec
Apr
5
2
Jan
42%
:
28
•,
Oct
4
974
■„
2
1
Jun
6
41% Jun
1
Apr
4
;.
94% Jan-
Transue & Williams St'l_
t.
Jan
3
51% Jun
2
30
Nov
35
7% May
2% Jan
/V 52 'Jan
10
preferred——No par
Timken Roller Bearing
200
31%
21
31
Va
90
4%
9%
5% Mar 16
8
35 "
,
Timken
Transamerica
•12,800
9
Apr
Detroik Axle——L—_10
t$4.50 conv
4
Apr
Jan
6% Jan
i
5% Nov
32
Apr
174 Mar
17Va Jan/ 7
/.
Transconti & West. Air Inc__,——5
4%
4
4%
4
.
4
3
45
2
7% Jan
.
(
—1
4,000
15%
15%
15%
15%
,'i
3,200
22
21%
r
100
Tide Water Associated Oil—
•'-
2,600
;
9V8
9 Va
22
9
90
■
••
49 74
90
4%
4%
4%
4
*88%
48 V4
9%
9
16
*15%
16
-4,200
,4-1
4—100
Co__——
'Mar 30
8
25
Jan
41% Jan
Third Avenue Transit Corp.-No par
Thompson (J R)—25
Thompson Prods Inc
—_No par
Thompson-Starrett Co,.
No par
$3.50 cum preferred
N( par
340
32
2
,
874 Jan
$3 div conv preferred———_-_10
9,400
102
31%
49 Va
21%
21%
21%
22%
*15%
9%
9
9%
9.
14 %
14
49 Va
21%
300
101
31%.
48%
9%
-3,000
14
102
32%
22
274
24%
103
13%
14 Va
102%
104
Thermoid
'i
,2%
Jan
3
4—No, par
preferred-——No par
—No par
Preferred
100
*23%
Dec
5%
5% Jan
Mfg Co
The Fair
.
2,600
2%
*23
25%
3% Aug
83/aJan
t$3.60 conv
•;
24%
2%
2%
24%
15% Aug
May 20
2
»■
4,200
6
'
May 27
8 %
13
420
47%
34
3 Va Jan
Thatcher
7,000 V
12
32%
*11%
"
103%
9%
8%
8%
8%
Nov
8
36 Va Jan
260
46 Va
8%
103%
22
4,100
■
8%
14%
14
*102
;
60
29%
par
Texas Pacific Land TrustTexas & Pacific Ry Co„
i.
••
300 V
share
19% Mar
—No par
Texas Pacific Coal & Oil—
10
1,000
-
Highest
$ per
35% Apr 22
35
•
Texas Gulf Sulphur™
35,900
7
80
24%
*23%
14
42 Va
7
2%
2%
24%
13%
42 V«
80
8%
32
32
31%
24%
42%
47
12
*11%
12
31%
9%
6%
6%
6%
*11%
12%
25%
9Va
47%
x47%
48%
12%
25%
9%
46
8%
8%
8%
8%
V#
*6%
80,
Texas Co (The)—.:;
share
per
8
4% Jan
_____5
->-25
—
$ per share
22% Feb
__9
50
——5
i Texas Gulf Produc'g Co___—No
15,700
12%
•
42%
42%
14Va
*79%
7%
7%
80
6%,
80
42%
42
42
43
*41%
13%
Corp
Tennessee
1942
Lowest
Jan
29
.—
Talcott Inc (James) —1
574 ft partic preferred—
Telautograph Corp—
:
7,500
25%
25%
*9%
9%
11,800
6
4074
<
Sylvania Elec Prod's Inc——No par
4 Symington-Gould Corpww^'--,4-l.
12,500
51%
5%
40%
14
12%
Va
12%
9%
51 Va
5%
Par
.
Year
Range Since January 1
Lowest
Highest,
$ per share
i
300
41
137/a
14%
14
27
11%
*26%
13
,
'.
Swift International Ltd—
(
2.800
13
51%
5%
40%
900
,
474
*4%
.
"
5%
41 %
.
14%
14%
8
"10,700
•
*."/,!•
\
43
13%
x50%
5%
,40%
5%
41%
.
41
14%
5%
40%
4%
12%
51%
51
51%
50%
:
13%
13%
13%
13%
13%
43
4%
4%
4%
4%
4%
4%
*774
*41%.
7%
7%
*41 Va
43
*41%
43
10,200
•
8%
8 %
8%
8%
7%
7%
7%
*41%
8%
8%
8%
7%
43
7s-.,
*41V2
-
1,700
34%
32%
EXCHANGE 7.
,'•
Shares
J per share
$ per share
$ per share
the Week '
STOCK
NEW YORK
Sales for
v
June 4
June 3
June 2
share
per
Range for Previous
STOCKS
PRICES
Wednesday
HIGH SALE
AND
Saturday
Monday, June 7, 1943
& FINANCIAL CHRONICLE
THE COMMERCIAL
2122
Nov
7% Nov
U
'
*116
117%
*116
117%'
*112%
113%
*112%
113%
*112%
19%
20 %
19%
20%
99
99%
99%
99%
117%
*116
87%
87%
87%
88
27%
27%
27%
39
112%
112%
113
27%
27%
27%
21
y
*113%
*113%
*25%
-
98%
99 Va
98%
99%
6,100
88%
87%
88
87%
88
2,800
-
27%
27%
27%
27%
27%
3974
3874
39%
113%
113%
27%
27
27%
21 Va
21%
21%
21%
69%
*26
27
*68%
X26
26
1%
1%
28%
28%
29%
12%
12%
12%
1274
12%
12%
6%
6%
*6%
6%
6%
55%
55%
*53
55%
8
8
8
■,
8%
56
8%
8%
*111%
32%
*31%
33
30%
31%
71%
72
71%
72
111%
24%
12%
95%
18%
18%
18
18%
71%
72 %
190
8%
8%
8%
9%
41
41
41
37%
37%
37%
37%
7
*6%
6%
6%
6%
*18%
17%
18
18%
*110
18%
112
112/
*110
6%
36%
37
*40
41 %
*40
42%
2%
42
44%
.
3
9%
44%
42%
4274
2
3%
126%
126%
42%
7%
674
7%
22,300
9 Va
974
9%
1,100
56%
55%
56%
55%
56%
5574
5674
27,200
120 Va
119%
1201/4
119%
119%
119%
120%
2,800
46%
*44%
46%
*44%
*3%
3%
3%
3%
3%
2%
2%
-
78
18
'18%
*68%
69
*158
160
160
*167
172
*167
2%
78
24%
2%
78
24%
24%
46%
46V/4
*44%
3%
3%
3%
3%
3 74
5,500
274
9,200
2%
2%
*76
*18%
*17%
18%
*68%
69
69
*158
160
172
172
2%
Apr
8
7
Jan
Mar 25
99
Jan
22
May
19 Va Apr
110
16
2
774 Jun
9% Jun
2
4% July
•1474 Oct
Jun
114
2
2
29 Va
13
37 Va May 25
13
41
Jun
2
26 74 May
30 % Aug
32
Jan
15
44 % Jun
2
20
32%
Dec
% Jan
2
1
Mar
25 V* Jan
.
101
Jan
5
8
;
3% May 10
43% Jun
—100
No
Co—
46
46
% Jan
5
Jan
13
1474 Jan
1
———100
Pictures 1st pfd
—100
i
6
23
59 % Jan
15
Jan
12
150 *
167% Jan
20
Mar 10
Apr
29
56
No par
preferred
8
8
174 Jan
par
<
7
6
12074 May 27
Jan
42 Va Jan '
par
--25
Tob—
May
62
21% Jan
112
1
126% May 29
No par
—
————
Universal Leaf
Universal
2Va
70
110
40
Jan
7% Apr 26
759
200
174%
Sep
34%
7
18%
*17074
41
Apr
\i
70
/ 172
Jan
24%
13
18%
30
Jan
34%
Jan
69%
160
6%
8
39 Va Apr
6'
Jan
Dec
Dec
Mar 26
43
8
108
Jan
174%
Apr
47% Jan
18%
*158
Jan
64
May
4%
6474 Jan
conv
8 %
Oct
Feb
11%
40 % May
159
17
9% Mar 25
4
4
87
6% May
72% May 26
12
1374 Jan
Jun
1
181% Apr
Jan
United Stookyards Corp—
—1
United Stores class A
L_-—'—5
$6
1674
Apr
*
preferred—„_—-No
Universal-Cyclops Steel Corp
300
106% Jan
1174 Apr
par
-No
preferred
81
*78
160
*158
172
2%
81
Feb
77%
—50
Tobacco
93% Mar
5
1874 May 29
Jan.
„1
70
78
18
172
U 8
46 74
24%
69
160
4,800
24%
*44 %
25
Dec
4
96
9% Jun
Preferred
Preferred
5%
29% Jan
preferred.——
U 8 Steel Corp.
Jan
Jun
29 Va Jan
100
U S Smelting Ref Si Min—50
7Va
72%
3%
Feb
6% Jun
U
1st
Jun
4
Dec
40
par
Co—
Rubber
3
^10
Plywood Corp——— —
8
35
4'/a
30-
20
& Foundry——
Card Co— .—-10
|U S Realty & Impt—
8%
Jan
6% Sep
Jun
574
17
400
9%
25%
*76
■i-
58%
24%
*17%
69 Va
Dec
Nov
Apr
574 Jan
600
58
*6 8 74
69%
24%
*68
1,900
69%
24%
2%
13,500
U S
8 Vs
374
'
2%
———
—
Dec
25%
48 Va
8
May
"
-50"
374 Mar
3
Apr
'
Apr
Oct
18
-
Apr
1%
33% Aug
Feb
4
19
U S Playing
58
119%
Preferred
4%
3"
20
13% May
29
—uoo
3
Jan
July
Oct
Dec
Sep
Jan
...No par
preferred——
V S Pipe
59
56%
*75
*56%
_No
3
7% Jun
*4
11
Oct
58%
274
Jan
—50
——.
Jan
Dec
6
59
Lines———
6.400
69%
120%
U. S.
1,200
126%
Co
17
113
5% Apr
173
Alcohol—. -No par},
Partic & conv cl A
'
*125%
69%
69
t
Leather
8
tPrior
10
200
.■/
4274
42
-•
1,800
3
58
*57
126%
56%
*44%
41
U
1,500
1
36% '
43 Va
3
Mach Corp—
2074
974 Mar
474 Jan
Z—5 ■' !
preferred
U 8 Industrial
1,200
V
18%
43%
conv
1,400
:
112
*110
41
3
44
119%
'
18%
.
5% %
50
6%
44 74
42 Va
56
6%
41
126%
58
674
*40
43%
4,100
974
U S Hoffman
774 Apr
16
27
20
—
Apr
3 Va Jan
100
po
preferred——
Feb
y36% Jan
10474 Jan
104% Mar
J12 Va May 26
Jan
1674 Jan
8
7%
89
3
9 Va Jun
9Va Jan
U S Gypsum
Feb
30
Jun
72% Jun
84% Jan
Freight Co—
81%
May
8% May
9
Z. -No par
U 8
Jun
37
35
57a Jan
103
Nov
1
58% Jun
12
Faperboard
10
U S & Foreign Secur——No par
$6 1st preferred——-No par
10
37%
*43%
3
330
41 Va
36%
126%
*69%
> 2,600
1
180
36%
42%
69%
71%
,<
37 Va
18
41
5,100
9
'
110
36%
7,500
1874
41%
18
36%
•41-
-
United
1274
180
9
110
126%
59
69%
*
2%
2%
43
*58
-
41'.
*
44%
43
126%
126
,'•' 37.'
-
% Mar
60
Dec
85%
26
12% May
>.
4
26% Jan
16%
Jan
Va Aug
2374 Jun
4
Nov
Jan
108
21
3
30l/< Jun
4
5'/a Jan
par
No par
No. par
Improv't
$5 preferred
38% Jan
•
United Mer & Manu Inc v t c——1
96
3774
35%
Gas
-No
-
3,800
5%
41%
18
9%
*36%
/
112
7%
Co—
1,700
96
70%
71 %
*6%
United
1.700
24
17%
190
37
-i—--a—5
Eng & Fdy
Fruit
11%
/
96
18%
87a
9 74
111%
5%
5%
18
*40%
*40 %
38
United
United
——_5
Cos
'
70
41
400
85,600
8%
24
Coal
Electric
United
7,300
-■
111%
9
220
3,700
31%
12%
*180
-
,/
72
24
12
71
31
71
111%
*95%
190
*37%
*110
32% ^
72%
*31
71
♦40%
*6%
8%
*180
.190
8%
8%
58%
5%
12%
*180
56%
'"'7%
8
5%
95%
*180
7
58%
7%'
1
2% May 10
4
2% Jan
United
5%
12%
,
774 Jan.
United Drug Co.
: 3,600
23%
95
18%
—1
13,100
7%
113%
May
63%
74%
Apr
x26
5
12%
10
Jan
Dec
83
100% Mar
2
69% Jun
2
7%
111 Vz
12%
72
Ji Jan,
—No
Apr
22% May 12
113
9%
May
28% May 18
7
17% Jan-
—_
5
Sep
108
May 27.
114% Jun
16
par
Corporation
1274
24%
95
—No
$3 preferred.——i
7%
111%
12%
—
40
2
No par
United
1274
24%
95%
18%
Co—
•:
8
16;
Dyewood Corp————_10
Preferred
100
43,800
8%
9
Jan
109% Jan
par
.——100
preferred—
18% Jan
71.300
111%
12%
71%
20
5
Co—— —No
par
174
71%
*94%.
:
17% Jan
preferred
—
Transports—
United Carbon
3074
24%
5%
—-100
4
Biscuit
29
Dec
46
Jan
7y#
58
28 74 Mar 30
8
conv
May
89% May
93 Va Jan
28%
100% May 26
6
5%
Apr
20 74 Jun
79% Jan V 6
United-Carr Fast Corp— —No par
1%
111%
5%
5%
5%
8%
9
8%
8%
113
24%
24%
-y
-100
aoa
55% Jan
29%
114
2574 Jan
United
'
2
8
900
25%
xll8
2
200
69
257a
5
24% Jan
56 Va
:
105% Jan
26
86% May 27
13
15% Jan,
Un Air Lines
29%
2
Jan;
5
6%
/
6%
71%
70
,
Jan
4
11% Feb
2
Union Tank Car——:—_•. —No.par
2.300
12
2
>
5374 Jun
18
80 V* Jan
United Aircraft Corp
9,600
28%
1%
1%
27%
par
25
preferred:,.——
5%
68%
69
27
1%
"4 ft
-1,400
:i
No
Union Pacific RR Co
*113%
69%
28ya
*31%
114%
114
*113%
1%
8
/■•
-
*26
28
i,3oo
12,000
28 Va
21%
:*
113%
28%
27%
*53
38%
39%
*113%
69%
68
67
67
Preferred $4.50 seriesUnion Oil of California—
27%
21%
113
-
~10
*10.700
21
28%
20%
*20
79
20%
99%
.
113
113%
113%
39%
par
par
20 74
38%
39%
38%
.—No
pfd. —No
Carbide & Carb—
Union
113%
20
27.
8
Union El Co of Mo $5
v
Jan
Jan
42
par
—
20%
*112%
20%
88
27%
8,200
85 Va
117
par
No
Union Bag & Paper
113%
113%
98%
1
116%
*116
20
*
84%
*116
Under Elliott Fisher Co__. —No
i
Apr
7 Mar
•
'
Apr
Va Aug
13% May
54
Mar
27%
Dec
103%
Dec
37% Apr
51%
Jan
58
71
Jan
55%
Jan
119%
Jan
Apr
44% May
107% Jun
5
15%
4
2
24
Jan
39% Mar
46%
Jan
1%
1
Oct
60%
Dec
Apr
2% Jun
1
% May
74 Apr
Jun
2
34% May
3% Jun
,78
20'A Mar 30
May 11
70160
176
•
t
May
Feb
4
10
Dec
Oct
12
July
41
May
142
Apr
152%
Dec
Apr
169
Dec
147
15% Nov
61
Oct
"
21%
51
50
21%
51%
53
53
u55 Va
3,800
II
54% 755%
400
21%
21%
21
21
21%
1,400
Vanadium Corp of Am
11%
11%
*11
11%
10%
11%
1,700
Van
31%
31%
31%
*31%
31%
*31%
32%
100
*117%
118
*41%
42%
41%
118
42
»ii7 y4
*41%
21%
118
*117%
42 Va
42
42
67%
*60
70
*60%
70
*61
70
*61
*60
67
*63
70
*63
70
*63
70
23 Va
*22%
23%
600
70
67
41%
36%
3
37%
*36 Va
37%
*36%
37%
37%
3774
600
31%
31%
31%
31 Va
31%
3174
31%
1,300
40
_100
*102
105
*102
Jun
31%
36%
32
105
105
*144
*144
*144
*102
1,700
1,400
*102
Va
104
*144
119
*32%
104
119
30
34
60
106
Vulcan Detinning Co..—
-100
Preferred
*144
25
7
11
Mar 15
Feb
35
5
59
1274 Feb
8% Jan
25% Jan
Jan
118
4%
5874
Jan
23
*32 Va
5
59
Dec
2074
57
118%
5
59
34%
Jun
51
; 5%
1,000
Jan
14%
.100
35
*118
5
59%
23
Sep
22
7
119
119
5
59%
24%
%
3
6
Jan
*32%
*117
5
59%
23%
Jan
55% Jun
23% Apr
5
—5
Co
Vlcks Shreve & Pac Ry—
%
7
4'
41
*36%
58%
23%
Jan
1574 Jan
115
32%
5
58%
33
33
*31%
.5
31
.100
32%
24%
118
*117
Vick Chemical
2.50
—
400
preferred
Victor Chemical Works——— —5
Va-Carollna Chem^
—No par
_100
6% div partic preferred
Va El St Pow $6 pref
No par
Va Iron Coal & Coke 5% pfd— .100
..as
Virginian Ry Co———
6% preferred.^—
—n
' -25
23%
5
58%
Inc—i
1st preferred
^
% Jan
par
.100
—No par
Norman Mach Tool—
Van Raalte Co
7 %
118
*60%
5
—
—<
11%
*60
*23%
No
Sales——*
Prefefred
2l%
*117
119
41%
Vadsco
10%
*31
31%
*117
51
21%
11
11
*31
n
U
%
%
50
1% May 10
33
Apr
5
117% May 21
7%
19
30
4
50
6
55
July
Sep
22
62
May
15
67% May
2674 Feb
15
18% May
2% Jan
4
5% Mar 23
1
Jan
5
5974 May 10
22
116
Jan
15
14
11% Mar
26
Dec
116% July
May
Jan
39
20% Jan
Jan
4
43
42
Dec
55
Jan
60
'
Nov
25 Va
Jan
Jan
2%
Jan
40%
Oct
110% May
117 %
Dec
Jan
21%
Nov
31%
Jan
Apr
7
34% Apr
29
Va
14
120
Jun
Mar
112%
Oct
Jan
14
38
Apr
9
24
Apr
29% Jan
2
33
Mar
19
26
May
8
108
8
70
Jun
96
Va Mar
May 12
120
Mar
138
Jan
27
80
4
Jan
144
Apr
29%
Oct
Jan
26
24% Jan
4
7 % Jan
5
1174 May 29
2
28
Apr 26
16
Apr
20 Va
Nov
10
105
May 21
97%
Jun
102%
Oct
113
W
33%
11%
*27%
*105%
32 Va
33%
11%
11%
27%
27%
*105%
110
For footnotes see
page 2123.
33%
32%
11%
27%
11 %
110
27
*105%
33
32%
32 %
32%
3274
11%
11 Va
11%
11
11
27
110
27
*105%
27 V«
110
27
*105%
2774
119
1,700
1,300
1,100
-100
No par.
Walgreen Co
—
No par
4%ft preferred with warr_—100
Wabash
RR preferred—,.,
Waldorf System—
—
2074 Jan
103
feb
36 Va Mar 29
21% July
6% Mar
30 74
Jan
7% Nov
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4183
157
Volume
2123
NEW YORK STOCK RECORD
10W
AND HIGH
Monday
Tuesday
June 1
June 2
May 29
$
$ per share
per
$ per
share
$ per share
share
June 4
June 8
$ per share
8%
87/a
8%
8%
8%
9%
47 %
47 %
48
48%
*48%
49%
48%
*18
18%
*17%
18%
*17%
18%
12%
12%
2%
12%
12%
12%
12%
21/4
13
2%
9
8%
21/4
21/4
2%
2 %
48
49%
50
501/4
491/2
50
15
151/4
14%
15%
14%
15%
81y4
81i/4
9%
1,000
18%
200
12%
12%
800
2%
2%
1900
*48%
83%
*80
84
29%
*29
31
*29
31
*29
22
*21%
22
16%
.17
83
,
29%
21
21%
22 ■
22
22
*16%
16%
16%
17%
171%
17%
17%
17%
*23%
24
23%
23%
24
24%
24%
24%
*5% '
•
23
231/2
21
6
V
,*21%
6
23
23
23
23%
75% j-
75
75
*74
.
*841/4
%:
*75%
«
20
7
16%
'76%
117%
160
15%
600
15%
107%
*1071%
27
•27%
15%
180
75%
15%
>
22
Nov
8%
Dec
«0%
Oct
24% Oct
21
39 Va
Jan
19
15% Jan
4
Jun
1
13%
Jun
4
17% Jun
2
12
Jan
14
Oct
1
17% Jan
5
24% Jun
3
11%
Jan
18
Nov
8
1% Jan
3
July
15
May
59
% May
No par
17% Jan
4
6% Apr 19
25 % Mar 29
69
Jan
21
76% May 19
•2% Jan-.
Feb
20%
Jan
*71% Nov
v
"27%
27%
t6%
20
f
\ 1,900
108
preferred
Western
Auto
Supply
Maryland
Western
Western
24%
24%
24%
24%
24%
8,700
8,200
*
97
95
97%
93%
34%
34%
93%
95
135
*135
34%
34%
34%
*28%
28
109%
109%
*57
59%
*56V8
59%
89%
*88
90//
22%
X21
90
89
•
22
63%
63%
<
63%
19 :>
7%
19
19%
Weston
400
19%
19%
*56i/a
19%
21 %
r
:
63%
*19%
"70
r
t
20
? / 500
4.
.:
19%
93
Jan
109
Jan
119
3
102
May
11% Jan
16
Mar 29
10%
Sep
18
Feb
109
May 22
97
Sep
104%
Jan
103
Jan
19
Jan
/
1
4%-
4%.
7%
4%
*69
72
4,100
.71/4
24
*23
"•«
4%
5':
7%
7%
7%
7%
7%
13%
12%
131/a
7%
,
.
•
41,700
11,000
7%
7'A
7%
76%
76%
76%
76%
76%
11%
*11%
11%
11%
11%
■
76%
15% Jan
24% May 29
13% May
21
Jan
Jan
5
136
31
Jan
12
35
52
15
Apr
83
Dee
Aug
127
Jan
23
Apr
32%
Dee
22
Mar
31%
Jan
5
100% Jun
3
Apr
Jan
9
91
18
Feb
109
1
Apr
85
Oct
19%
3
Jun
60
Mar 13
63%
Jan
30
Feb
May 12
29% May
109% Jun
4
106% Jan
No par
—
2
26% Mar
—No par
108%
Oct
42% Dec
50
Apr
80
93
Jan
July
17%
Dec
27%
Feb
67% Apr
58%
Dec
69 Va
Jan
14
19 % Jun
12% July
15 Va
Deo
1
13% Jan
12
Jun
15%
Jan
—No par
j—1
3% Jan
3
Mar
5Va
Nov
1% Apr
3%
Jan
—
White Rock Min Spr Co
White Sewing Mach Corp
f$4 conv preferred—
60
Prior
200
15
13%
» 3,200
7%
32,200
76i/2
76%
t 1,100
h
111/4
11%
?:
Wilson-Jones
Willys-Overland
.6%
:
$6
preferred
Jan
11% Ap.r
9
Jan
27
Jan
8
17% Jan
9
115
22%
Jan
Apr
2%
Dec
1% Aug
4% Apr
8% May 3
13 % May 27
2%
May
Oct
8%
Dec
6%
Jan
73%
3% Sep
51
Sep
Apr
8
77% May 10
115
100
■'v
Jan
Apr
1 %
3
8
57 % Jan
No par
,—10
pfd
■
4% Jan
No par
—
6%
8
10
—
5% Jun
53
15 Va
Apr 30
25% Apr 30
2 Va Jan
.
40
86
Jan
1
;
———
Co
May 24
5% Apr 30
2% Jan
Motors
Wisconsin El Pow
40
—5
.-
Wilson & Co Inc——
700
8
x20% Jan
preferred
conv
21% Mar 30
2% Jan
No par
Wilcox Oil & Gas Co_^
7%
Jan
———20
preferred—
16,200
17,900
*115%
21
97% Jun
81
120
Jan
8%
4% May
23% Apr
7%
11%
3%
Apr
23%
5
12%
—
2
11% Apr
3
38% May 12
2
7%
76%
*11%
5
5% Jan
26'/2 Jan
Dec
20
12% May
.
Jan
Jan
51/4
7%
*115%
*1151%
*115%
23%
6 % Apr
2 % Jan
113%
"58 % Jan
5
>
13
7%
76%
*11%
i
i
7%
13
7%
7%
5%
74%
231/4
5%
71/2
v
'4%
74'%
73
-24
•
/I 5%
13
12%
7
">
;/4%,
72
*23
4%
4%
*115%
-
24
*23
24
7%
■
74
*70
; 4%
7%
71/4
4%
4%
4%
74
■
7%
3
.100
'
*7%
Jun
27% Jun
:_50
—50
White Motor Co
19%
19%
19
Apr
Wheeling Steel Corp
No par
$5 conv prior pref
;
No par
White Dental Mfg (The S S)
20
690
7
'
36
u
7 2,500
> 21%
63%
■
21%
64
•f
v
Mar 19
Wheeling & L Erie Ry Co
—100
5% % cony preferred—
——100
59%
90
80
—12.50
Instrument
$4.50 preferred
80
Jan
-No par
Westvaco Chlor Prod
I
„
*88
-
f
28%
*1091/2
;ii8% ; 19%
19%
19%
%
63%
■
-
28%
29
109%
59%
,
-
29
29
*109
109%
Jan
Jan
57
j100
Westinghouse El & Mfg
1st
preferred—i—
Elec
91
104
:ioo
100
!
1
34%
Apr
41% Apr
.100
Telegraph—
600
951/4
145
*135
136
34%
Union
34
par
2d preferred-
4%
10% Nov
7% Aug
3
Mar 10
Mar 17
78
50 % Jan
.
-10
Westinghouse Air Brake
5 -
5
16% Jun
91
.100
Co
6,400
'
■
8% Jan
67% Jan
.100
—.
! 1,400
\ 500
22%
19%
1
.100
——
36%
63%
7%
29%
Apr
12% Jan
_No par
10%
63%
13%
Feb
May
4%
*65
Mar 26
5
class A
36%
22
•
16
1
15% May 20
32% Apr
Sugar Corp—
*9%
22
4%
50% Jun
1
preferred—J——
■':6% preferred
tWest Penn Pr Co 4%% pfd
-No
West Va Pulp & Pap Co
36%
90
*23
Nov
May
7%
50
117%
•
Indies
West
West Penn El
50
:
361/a
*56%
4%
1
No par
371/4
*89
*70
% May
27
$4 conv preferred
5%
59%
7%
Nov
2% Mar 29
84
-—
10%
109%
18%
6
May 13
.
5%
28
V
109%
191/4
Oct
2% Jun
No par
No par
& Pipe—
16 %
13% Mar
May 29
No par
*9%
*33%
34
>18%
9% Jun
79
Wesson Oil & Snowdrift-
39,300
>
85
*107
*135
27%
—5
,
Eisenlohr———No "par
Webster
"
,•
Jan
7% Jan
Pictures——;
Bros
36
50
preferred-—/,—.
5%
96%
I
96%
♦135
63
4
Wayne Pump Co
'
21%
% Jan
cl A—
*
10%
/
.
24%
*88
No par
B
24%
37
>56%
13
36%
367/a
*109
No par
5
10
51/4
10 'A
27%
Nov
4% Jan
Washington Gas Lt Co
100
75
15%
75%
26%
26%
.
5%
IO1/4
34
Nov
41%
Waukesha Motor Co
!• 3,900
85
116
116
108
*107
*5%
96
5%
Apr
Warren Fdy
300
%
75
Apr
31%
$3.85 preferred-;
i 1,700
24%
'
$7
600
!
3%
50% Apr 30
18% May 25
Warner
1,500
5%
*74
75
15%
15%
15%
24%
5
I
<
4
4
Class
300
.
y
24%
23
'
75
v
84%
75%
75%
27
*
1
5%
f
:
*72
75
84%
*115% .116%
;
108
26%
24%
v
15%
75
85 ,/
■v
116%
*151/2
*107
.
75
*74%
*74
85%
*72
85
*115%
75
15
15%
14%
75
23i/4
23
♦74
31
2
12
15% Jan
/..
15
141/2
*72
,
5%-
,-*5%
6
6
>
4% Jan
38% Jan
Ward Baking Co
340
83%
*81%
No par
Div redeem
2,300
Highest
t per share
share
per
(H) Good & W Ltd—No par
preferred
No par
Walk
16,600
15
83%
83
"
50
14%
"
Year 1943
Lowest
$ per share
$ per share
Par
Walworth Co
•26,500
481%
50
15
29
*28%
<
9%
Range Sine® January 1
Lowest
Highest
-
:
Shares
47%
(
;'
2%
49%
EXCHANGE
*17%
-
12% ;■
"14%
NEW YORK STOCK
$ per share
' 48%
18 %
*18
Range for Previous
Sales for
the Week
Friday
Thursday
Wednesday
May 31
Saturday
STOCKS
SALE PRICES
Jan
6
8
107%
23% Mar 26
16%
110"%
Jun
Deo
Jan
Oct
'■%
i
21%
*21
132
54
54
*531/4
55
56
56
'
*97%
103
67%
68
132
*52
54
X55%
55%
*97
68%
*67
68%
*67
■
102-
*97
102%
*97%
/
?116
58
*56%
132
*132
54%
132
*116
*116
54
55
22%
145
'
54
V
56:/
* 68%
68
'■<
68
400
'
29
28%
28%
28%
28%
*28%
28%
28%
29
17 Vs
17%
17%
17%
17%
17%
17%
17%
17%
17%
*127%
128%
128%
128%
128%
128%
*28
*127
14
14%
14%
128 %
14%
14
14%
37%
37%
37%
37%
36%
37%
92
91%
92
92
92
15%
15%
15%
15%
15%
15%
31%
32
31%
31%
•30%
31%
4Va
4Va
4Va
*91%
.
4
4 Va
4
•Bid and asked
prices;
no
100 to 10 shares.
reduced from
129
140
Apr
5
117
Nov
125
July
Feb
24
125
Mar 17
106
Nov
117
Mar
54
Jan
57%
Jan
900
21,300
129
Yale
Mfg. Co
& Towne
14%
15%
8,100
37
37%
7,800
92
90%
91
15%
15%
15%
15%
30%
31%
31%
31%
4
4
4
4
n
sales on this day.
tin receivership, a Deferred delivery.
A Name changed to Sinclair Oil Corp.
3,400
3,000
Stock.'
r
Cash sale,
and Miscel,
Shares
Saturday-
-
Monday
815,990
1,259.600
7,437,500
Thursday
1,310,490
1,178,560
Friday
1,254,855
9,267,100
10,495,900
8,874,900
4
,
—
Total
—
—~
5,819,495
104
Jan
4
70
Mar 23
39
Apr
62
Jan
s
Special sales,
•
>,
1
15% Jan
17% Jun
131% Apr
14 Va Nov
121 Va Dee
5
Apr
28% Jun
3
6
23% Oct
10% Apr
111% Jan
30Vo May 10
21% Jan 13
Jan
7% Nov
37% Jan
87
Oct
May
12% Jan
12Va Jan
2
118% Jan
12
7% Jan
Jan
Jan
9% Jan
0
4
92
6
5
78
2
15% May 29
1
■
•
..
l
■>.
Ex-dividends,
•
r
.
-
May
4
19% Jan
12
2
v
4% May 10
Ex-rlghta.
y
.*/
8%
32% May 28
Jan
2
x
15% Jun
39% Apr
4
30
82
Bond
Bonds
Sales
.;
•
;•
•
••
•'
.
$5,566,000
16,800
30,700
24,000
7,000
9,710,800
10,605,900
9,349,900
$81,000
Shares)
Week Ended June 4,1943
237,570
Saturday
■,
Domestic
$482,000
Foreign
Foreign
Government
379,120
848,000
72,000
9,000
341,945
819,000
73,000
3,000
Thursday
436,305
619,000
21,000
397,445
586,000
13,000
7,000
5,000
929,000
895,000
647,000
604,000
$3,354,000
$201,000
$24,000
$3,579,000
i
Friday
$43,049,900
—
1,792.385
!
Total
1943
1942
1943
shares.
Foreign
Railroad
81
industrial.
Jan. 1 to June 4
1,969,370
153,072,098
$121,300
$1,352,200
$4,580,400
$3,354,000
201,000
24,000
Domestic
2,237,000
59,252,200
05,019,500
Foreign government-
41,489,900
30,589,700
1,745,767,400
935,384,500
8,030,067
$2,886,000 $103,774,000
113,000
7,308,000
$79,452,000
$3,028,000 $111,616,000
284,439
46,295,018
$81,000
38,419,367
1,792,385
Bonds
Foreign corporate
Total.
$32,948,000 $1,806,371,800 $1,004,984,400
29,000
534,000
Stock and Bond Averages
Below
are
the daily closing averages of
1942
1943
1942
$3,579,000
5,819,495
$43,049,900
Total
$504,000
——
-
Jan. 1 to June 4
1942
Total
Corporate
$22,000
Wednesday
1,479,000
of
Government.
a
1
Tuesday
7,757,300
Bonds
S.
Dee
Jan
-HOLIDAY
Stocks—No. of shares.
U.
2%
Bonds (Par Value)
of
-
Monday
>
Week Ended June 4
Stocks—No.
20
t Unit of trading
••
Week Ended Jxine 4
1943
Feb
1% May
f Called for redemption,
(Number
$2,500
$1,479,000
$41,489,900
Jun
Stocks
Government
$149,000
—HOLIDAY303,000
413,000
146,000
468,000
-
TuesdayWednesday
Jun
80
100
Total
Bonds
$5,414,500
aun
44
20
Daily, Weekly and Yearly
Foreign
Bonds
42%
1
Apr
9
Transactions at the New York Curb Exchange
/
United States
Railroad
Number of
Week Ended June 4,1943
1
Jun
108
58% Jan
No par
Zenith Radio Corp—
Daily, Weekly and Yearly
Stocks,
Jun
56
15
Zonite Products Ccrp.
.*
Transactions at the New York Stock Exchange
54
9
Jan
No par
Door
2,800
-v,
New
Youngstown Steel
Jan
Jan
No par
No par
Youngstown S & T
t5%% preferred series A
21%
88
1
Young Spring & Wire
37%
380
7
100
Preferred—
14 Vs
14%
24% May
46
44% Jan
.
25
—
Yellow Truck & Coach cl b_
140
.
36%
X91
109
Prior
102
*97
15
Prior
200
Dec
2
20
preferred B
—100
pfd 4 % % SeriesTOO
pfd 4% % Conv series—100
Wright Aeronautical—
No par
Wrigley (Wm) Jr (Del)
No par
i; 700
31
30% Jan
16% Jan
112% Feb
6%
:
132
55%
21% May
14% Jun
3
Jan
_10
(F W) Co
—
*52
40% Jun
24
Worthmgton P & M;(Del)—_No par
7% preferred A
100
Woolworth
3,900
,
*116
102
*67
23
*145
>
10
Woodward Iron Co——
1,100
i 3,500
." 40%
40 %
23
*132
•5
21
21
40%
22%
23%
145
>52%
♦116
■39%.'
39%
23
*132
145
*132
145
38%
23%.
23%
23%
23%
39%
39
39'A
38%
*132
'
121%
21
21%
*21%
representative stocks and bonds listed
on
the New York Stock Exchange as
compiled by Dow, Jones &
—Bonds—
Stocks
10
10
Total
10
First
Second Z
Indus-
Rail¬
Utili¬
65
Indus¬
Grade
Grade
Utili¬
40
trails
roads
ties
Stocks
trials
Rails
Rails
ties
Bonds
30
Date-
May 28
May 29—
May
20
15
.
10
,
Total
*141.16
37.06
20.30
49.03
107.29
101.06
67.30
110.81
96.61
142.06
37.31
20.42
49.34
107.31
101.14
67.35
110.81
96.65
67,19
110.75
96.57
31—
—HOLIDAY—
—HOLIDAY—
June
1
2
142.39
37.04
142.43
June
•
20.45
49.35
107.27
101.06
36.66
20.30
49.18
107.46
100.88
67.05
110.82
96.55
110.84
96.52
110.75
96.40
.
June
3
142.75
36.91
20.28
49.34
107.49
100.97
66.80
June
4—/
142.28
36.62
20.23
49.13
107.40
100.69
66.79
*Corrested figure.
Co.
2,019,000
,
456,000
$81,927,000
Bond Record
New York Stock Exchange
<(»
Friday
;
weekly
-
the
interest"—except for Income
"and
are
the column headed
The Italic letters in
Treasury 4s
3%s
Treesury 3%s
Tret i try 3 Vis
Trea I try 3V4s
Treasury
3s
2%s
2%s—
2%s
2%s
2%s—
2%s
2%s
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
;
_
;—
Treasury 2Vis
1949-
2 Vis
Treasury
Treasury
Treasury
Treasury
Treasury.
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
100.4
101.4
103.3
*106.14 106.16
106.6
106.30
110.13
110.20
__
3-D
105.28
11
104.5
107.6
107.10
*109.14 109.16
108.10
109.11
104.11 104.11
-
M-S
•
J-D
.
__
M-S
III.ioiii.IO
108.15
111.10 110.10
108.21
108.26
J-D
M-S
1953
3-D
M-S
2s
.T
*
.
'
6
York
~2
17
100.6
100.22
20
100.15
101.4
M-S
104.30
105.7
101.4
: 101.4
100.26
100.3
"*106.9
__
106.11
*102.8
3-D
102.10
101.25
101.25
106.23 106.23
106.23
106.23
J-J
J-D
:
V
J-D
3-D
*101.5
100T26 10T1"
■i.-.
101.4
101.1
M-S
■"
100.14
101.7
*101.2
__
101.1
J-D
100.23
100.15 100.15
1
M-S
100~9~ 100^27
*100.23 100.25
__
,*-100.24 100.26
J-D
J-D
*104.27 104.29
__
J-D
100.12
-
100.12
103.16
*100.31101.1
__
t.
102.7
102.28
102.2
__
102.2 /
102.2
Af-N
2
102.27
101.11
*101.9
J-D
106Vi
v
■
lOGVi
74
106'; 106%
bonds
1947
A-O
1949
54
46%
47
.4
•39
52
1Q
29
Af-N
v
Af-S
F-A
r
24% 24%
*100% 102
*102%
M-N
,2
■
100% 101%
72%
93
107
106%
129
8s ser A_1951
A-O
—
(Rep of)
External
gold
1952
_1942
1st
102% 103
*102%
91%
93
21
*52
54
38%
54
52
52
1
30%
52
66
>
66%
15
47%
67
;v:,45.
42%
69%
62%
72
85%
72
86
A-O
J-J
66%
1955
F-A
60%
60%
3
—1962
A-O
53
54%
11
1942
Af-S
1940
A-O
85%
85%
1940
A-O
1961
M-S
*80%
1969
A-O
1969
*4*"V 85%
A-O
5 Vis
sink fund
5%s.
series
series
(Republic, of) 7s
Finland (Republic) extl 6s
French Republic 7s stamped—
7s unstamped
_1967
J-J
1945
26
M-S
1949
J-D
.11
part
part
paid
paid
95
f
7s series B
1945
'1
," r
f t.
• /
v
'
s
1952
—
22
23
21%
22%
18
,
A-O
♦75
f
7s series C
1945
A-O
*55
M-N
♦94%
1957
A-O
*16
6%s——1954
4s readjusted
1954
AMontevideo
1-1693
A 6s
44
A External
s
f
7s series D
1945
J-J
A External
23
24
s
f
7s
23
■
54
15%
3
4
24
23%
•
1957
series,.
es
A-O
A-O
22%
1957
A-O
*22 %
♦22%
91%
51
.—1958
(National Government)—
S f external 4Vis
1948
*22%
^
'Hm
-
J-D
25
24
f
conv
loan
1971
4Vis
15%
*10% ,.11%
*14%
14%
14%:'
14%
14%
35
J-D
10%
10%
11%
46
J-J
13%
12%
13%
57
'
"
*15
J-J
5
•
;
—
Australia
5s
1927
of
External g 4Vis of
Belgium
External
s
s
A 7s
'
23%
42%
s
83%
J-J
89%
88 %
M-S
89%
88%
1959
90
11%
15%
27%
18%
28%
28%
28%
J-D
*85%
M-N
82
94
83%
79
91
86
6
V
99
*:
98%
99
44%
A-O
42
44% d45%
42
43
A-O
42
42
84,
F-A
*85
89
1958
A-O
87
87
F-A
*101
F-A
-1957
J-D
42%
1
96%
9
96%
36%
101%
82%
28
34
50%
4
34
51%
17
97
-=
92
101
100%
101%
101% 101%
Af-S
95
85%
95
A-O
88%
89
77%
89%
1963
F-A
*86%
90
80%
1970
4%s
94%
34%
51%
"I
86%
93
93
83
87
'
89%
9*3
*80
92%
73
42
68%
78%
8
74
92%
'
Refunding
s
External
s
f
1976
1978
4%-4%s
4Vi-4%s
F-A
1975
f 4%-4%s
External readj
Af-N
A-O
75
'
'
_
69%
76
76%
*5
70
76%
77%
7
77%
75%
76%
'k
78%
45
71%
78%
'
3%
external
Canada
f $ bonds
1984
30-yr 4s
1960
A-O
1943
F-A
1961
s
J-J
J-J
1944
J-J
(Dora of)
10-year
2M>s
25-year
3%s
2%s
7-year
—.
30-year
3s
1967
3s
1968
'
*58%
—
"
'Si*
101
1041/4
—
M-N
101
41
15
1958
J-J
1954
1942
M-N
1942
M-N
6s
1960
A-O
i960
A-O
assented
sinking fund 6s
Feb
1961
Feb
1961
1961
Jan
1961
J-J
A Extl
Sep
1961
M-S
A 6s
Sep
1961
M-S
22
s
f 6s__
assented
sinking fund 6s
assented
For footnotes
see
page
2128.
24
1961
A-O
19%
19%
21%
46
13
23'/a
—1940
'
22
23
23%
22
22%
17 ■''■
14
17%
J-J
19
19
15
20%
J-J
16
12%
16%
17%
30
1950
-1963
25
J-J
23%
17%.
30
*45
50
30
35%
95
95
Af-N
F-A
1948
M-N
'm*
*
8s
Af-N
*27%
Af-N
26%
26%
—
1950
(State)
Af-S
1952
1957
1936
J-J
77%
78%
J-J
40%
extl 7s
series B sec
ASilesia
A4 Vis
(Prov
of)
assented
52%
32
40%
2
1
.
48%
29%
48%
46%
62
71
16
9
10
1958
1958
17%
42%
*15
——
J-D
12%
*90%
95
F-A
*85%
*80%
1964
Af-N
1979
Af-N
25%
AExternal sink fund 6s
3%s-4-4%s
External
readjustment
20%
26
18%
25%
3%-4%-4&
26%
4-4Vi-4Vis extl readjustment
conversion
extl conv—
3%s extl readjustment
AWarsaw
—
13
*80%
85
87
78
— —
92
84
— —
Um* "
78
85%
72%
67%
60
—
85%
64
61%
~
68
($ bonds of 1937)—
1
External
—.
17%
11%
14%
F-A
■
11
17%
*12%
*10%
Af-N
Af-N
26%
25%
41
45
v
29%
.
1960
18%
18%
34
33
2
6
_
1955
1940
18%
12
80%
18%
:
68
♦
67%
AExternal sink fund 6s
20%
25%
73%
17%
•
■
16
J-D
A 7s
104%
25%
20
30
31
Serbs Croats & Slovenes
102%
20%
78%
31%
31%
17%
:
.
67%
Af-N
7s
17
18
--r
*42%
M-S
(Kingdom)—
1962
extl—
1962
18%
33%
1
287/a
J-D
secured external—
2
20
,-\ 3
25%
28%
1964
external
24
-
30
29
29
*—■
1967
loan
A8s
21
31
12
25%
A-O
25%
96
18%
16%
27
W--
J-J
26
90%
25
J-D
1966
(City of Brazil) 8s
extl secured s f
f
5
24%
24%
A-O
1968
1940
104
•
*25%
A-O
F-A
1968
100%
16
23
(State of)—
sink fund gold
s
16
23
J-D
1946
8s
Paulo
JASan Paulo
■ v
1961
1953
(City of)
5
24
21%
16
*21%
1966
40
22%
23%
22
A-O
extl loan of 1921
%s
15
1968
Santa Fe external sink fund 4s
A6
15
15
A-O
—1947
20
22
*16
A-O
'
A Sao
(
A-O
6%s
municipal
r.
—1958
—
58
23
22%
21%
ser
—1956
20%
23%
21%
231/4
f 6s 2d
Sydney (City) s f 5Vis
AUruguay (Republic) extl 8s
—
23
•
17
J-J
ARy external
A 6s
21%
——
•
24%
12%
water loan
25
—
F-A
_Jan
*18
F-A
assented
102%
103% 104
J-J
f 7s
104
13%
90
dollar loan
101%
Jan
26
21%
extl
101%
3s
21%
19%
A7s external loan of 1926
A 7s
28
20%
extl
io
103% 104
iids
A 8s
14%
20%
§ A Secured
22
101
A Extl
1
~4
20
s
Rio Grande do Sul
24%
J-D
APrague (City of Greater) 7%s_—1952
Queensland (State) extl 6s
1947
Janeiro
24
M-S
(Rep of) gold 6s
assented
sec
24
1960
Alegre (City of) 8s
de
104
Af-S
1959
AExternal loan 7%s
A Extl
90
104
106
*104
Af-S
ser
AExternal sink fund gold 8s
A4 %s assented
ARio
84
73
1947
7s
A Stabilization loan s f 7s
APorto
70
9
A 6s
102
J-J
assented.,.
sinking fund
:[/;
73
1
84%
f 6s 1st
external 7s
s
72%
83
84
A 7s
101%
J-J
Ms
A4 %s
101%
97%
1948
A 6s
(State of)
(Rep of)
77%
83
1967
ref 3Vis series B
sec
86
72
J-D
105
101%
97%
1953
AExternal
*81%
87%
71
81
Af-N
100%
100%
2
15
s
Af-N
J A Poland
A 8s
,1
15
8s
58
101% 101%
Jan
(Rep) External
extl s f 5s ser A-1963
1963
mod 3 Vis ext to
1994
(Rep)
ANat Loan extl
109%
101% 101%
101%
Jan
(City)
*79
100%
10
104% 104%
2 Vis
Carlsbad
107%
*100% 100%
3s
A Chile
•48%
2
T' "
109% 109%
■
J-J
30-year
A
*85
A-O
ANat loan extl
91%
8
86%
J-D
—1955
Stamped assented 5s
APeru
99 %
100
87
91
F-A
73%
93
82%
100 y8
—
1965
APernambuco
53
42%
42%
*88
Af-S
84
1956
Stamp
99%
19
99%
J-D
1977
90
;
fund
A 6s external
f 4%-4%s
32%
fund 4%s
A4%s assented
42%
*99
.-
,
89%
.
sink
A
94
J-D
Af-S
16
32%
,
18 %
*80%
-1943
5s__
fund extl loan
sink
APanama
83%
7
6
J-D
1961
15%
14
27%
1944
f
s
Municipal Bank extl s f 5s
(City) sink fund 4%s
84
89%
J-J
Af-S
78%
100%
79
1952
1957
1958
1950
s
84%
30
98%
99
12%
(State)-—
Oslo
54
89%
84
M-S
96%
103
1957
stamped
External
84
83%
1955
f 5s
Sinking fund gold 5s
Sinking fund gold 6s
Buenos Aires (Province of)—
A6s
82%
83%
1955
;
6 Vis of 1927
(City)
44
83%
Af-N
15
9
sink
4s
23%
60
"
90
1941
.
(Central Ry)
Brisbane
89%
1957
f 7s_
JABrazil (U S of) external 8s
AExternal s f 6Vis of 1926
A External s f
99% 100
90
1949
f 6s
External
99%
M-,V
A-O
1956
1928
6Vis
external
M-N
F-A
5s of '25-1955
1957
(CommonwTth)
External
12%
12%
6s
Ext
1972
S f extl conv loan 4s Apr
12%
9
12%
Q-J
M-S
—1952
7s
f 5s_
s
"
—
Q-J
1959
6%s
(City)
Wales
South
M-N
Af-S
23%
16
A
22% :;■/•'
1972
8 f exti conv loan 4s Feb
91%
External
24
16
■
Argentine
S
231/4
§2%
—
*90%
External
24
15%
7
23%
♦48
15%
16
'
-
1957
1st
■
17%
15%
J-D
External
22%
"
70
97
11
17%
J-D
1958
f 6%S
s
A
series
External
54
46
23%
*22%
-
85
62%'
85
—
•
23%
—
24
68%
(State)—
A Sec external 8 f
Teletype
NY
assented
extl 5s of 1899 £
(US)
Assenting 5s of 1899
A Sec external
*50
—
23%
12
80
1960
-1943
1943
1945
AAssenting 4s of 1904
—
1954
AAssenting 4s of 1910
.1945
SATreasury 6s of 1913 assent—1933
A
i
Mlnas Geraes
*62
J-J
100
15%
82%
1960
f 5s
(Colombia)
(Prov)
22
1968
A4Vis stamped
V
-
*50
J-J
s
99
97
89%
21%
1964
'
s
28
*99
*99
'
A External
85%
18%
5
Government—
A 6s
External
A External
57
85 Vi
72
26
*60
1949
Norway external 6s—
■
37
40
*128%
5Vis
AEstonia
v
J-J
30%
4
Mexican Irrigation—
"
(Colombia)—
Af-S
1
51
J-D
wks
AMedellin
New York
A-O
37
50
1945
Mendoza
Municipal
1945
37
.
37
J-D
104%
New
1948
30%
*36%
F-A
*103% 104%
AJugoslavla (State Mtge Bk) 7s
Members New York Stock Exchange
.—1968
'.Aft:;
F-A
AMexico
F-A
'
J-J
Irish Free State extl
WERTHEIM <Sl Co.
1947
,48%
J-D
§ A2d series
Foreign Securities
Broadway,
63%
,38%
-1949
(Republic) a I 6s series A
Helsingfors (City) extl 6 Vis
120
63%
52,
47%,
,*36%
M-N
52
20
63%
47
47%
1
62%
*62
A-O
Customs Admin 5%s 2d series
106% ^
■
62%
J-J
—1970
Haiti
t
6s
A-O
1961
22%
,
..1977
,.1953
A 7s
•
».
sink fund
1961
—Jan
17%
4%s
Greek
J-D
and other
AGtd
loan
5Vis 2d
South American
&
23%
fADominican Rep Cust Ad 5Vis
§ A 1st series 5%s of 1926
100.16
We maintain an active interest in
Foreign Govt,
23
18
ASinking fund 8s series B
S A Denmark 20-year extl 6s
103.16
100.9
-
'V-:
Agricultural Mtge Bank
16%
Mtge Bank 6 Vis-—
APublic
*100.28 100.31
M-a
City
Telephone
24%
23
External gold 4Vis
102.8
REctor 2-2300
23%
17%
Oct
f $
s
ACzechoslovakia
*104.16 104.18
__
J-J
external
External
101.14
101.14
*101.29 101.31
*102.6
||
20%
v.
4Vis external debt
Sinking fund 5%s
;
*104.14 104.16
__
Af-S
Af-N
________
8
21
External 5s of 1914 series A
'
1949
Corporate Stock
20% ,'v 20%
23
.
Transit Unification Issue—
" 3%
24%
18%
J-D
ASinking fund 7s of 1926—.,1946
ASinking fund 7s of 1927_^___-^1947
Copenhagen (City) 5s
—1952
25-year gold 4%s
1953
A Costa Rica
(Rep of) 7s
—1951
Cuba (Republic of) 5s of 1904_
1944
104
100.23
100.17 100.21
:
:
4
24%
.,17%
19
20%
1931
1928
1927___—
3s
5%s
1980
20
—
20%
*19
104.9
104 '
Home Owners' Loan Corp—
New
20%
24%
(Republic of)—
of
of
102.3
series M
*22%
'
24%
24Vi
17
M-S
A Colombia
100.26 100.26
100.17
J-D
1944 1952
1945 1947
21%
25
M-S
106.20
100.10
*102
3s series A_—;
21%
<
25%
17%
21j
i,
1960
.
106.31
103.24
3
104
Ai-S
—
20%
—
Af-N
106.20
> *100.30 101
1964
3 Vis
A-O
106
104.9
,104.9
" 104
__
__
J-D
1948
20%
Af-N
(Hukuang Ry) 5s
A6s
*107.14 107.16
J-D
1955
18%
30
1960
A 6s
.
'106.31 .106.29 106.31
M-S
1955
20%
A-O
-.1962
;
21% ' 22%
26
19%
22
25%
20%
■
J-D
1961
26
18%
J-D
1961
Cons Munlc 7s
Chinese
■
1962
assented
Colombia
*106.27 106.29
1952
Treasury l%s
;—
Federal Farm Mortgage Corp—
3s
A 7s
'
104.9
*104.7
__
..
M-S
•:
1961
£
1961
assented
A Chilean
a
J-D
J:/16
22'Vi-
High
24%
J-D
1957
assented
A 6s
111.29
J-D
•
1957
Low
;
21%
22
111.10
lll.25dlll.26
A 6s
Af-N
January 1
no.
M-N
1963
assented
Range Since
Sold
High
Low
;
A-O
1963
sinking fund 6s_
Bonds
A-O
1962
AGuaranteed sink fund 6s___
110.26
J-D
1962
AGuaranteed sink fund 6s
104.26
*107.12 107.14
M-S
fund 6s
A6%s assented
112
111.31112,,
Last
Sale Price Bid & Asked
;;
—
ASinking fund 6%s__
111.13
109.9
*106.2
*111.15 111.17
Af-S
Period
•'<
A6Vis assented
106
110.3
,3
106.4
J-D
M-S
4
AChile Mortgage Bank 6%s
101.31
102.9
*110.31 111.1
J-D
A 6s
100.26
102.9
—1944
1944
Treasury 2s
Treasury
100.4
*100.31101.1
*102.7
__
Sept 1950
1951'
:—1953'
June 15
2s
Treasury
AExternal
Week's Range
or Friday's
Friday
Interest
Exchange
June
(Continued)
(Rep)
AExternal sinking
a 6s assented—
114.1
106.3
-*100.2
__
;.j_.
A-O
1945
2%s—_
19502Vis
_____
1952- 1954
2 Vis
—1956- 1958
2Vis
—1962- 1967
2 Vis
—
—1963- 19681
2Vis_
—______1964- 1969
2ViS
_.—.—1967- 1972
2Vis
1951 1953
2 Vis
1952 1955
2 Vis
___1954- 1956
1947
2s
—
2s
Mar 15 1948' 1950
2s
Dec 15 1948' 1950
2s
—Jun 15 1949' 1951
2s
—Sept 15 1949 1951
2s
Dec. 15, 1949- 1951
2s
—March 1950 1952
Treasury
113.6
105.3
*107.20 107.22
__
A-0
Chile
Stock
Ended
Week
High
*104.29 104.31
__
J-D
Low
*113.15 113:17
__
Af-a
1952
——
■'
3-D
1948
Treasury 2Vis
Treasury
No.
A-O
1946- 1949
_1949- 1952
1946- 1948
1951- 1955
1955- 1960
1945- 1947
—1948- 1951
—1951- 1954
—1956- 1959
1958- 1963
1960- 1965
3 Vis
Treasury 3 Vis
Treasury 3s__
Treasury
Treasury
High
Low
,-1947 -1952
1944 -1954
,—1946 -1956
1943' •1947
__1943- ■1945
-1944- 1946
4 Vis
Treasury
January 1
Government
S.
U.
New York
Range Since
Sold
Last
Period
Ended June 4
Week
BONDS
Bonds
Sale Price Bid & Asked
Interest
Exchange
Stock
Week's Range
or Friday's
Friday
BONDS
York
New
r
yearly
-
Cash and deferred delivery sales are disregarded in the week's range, unless they are the only transactions of
in the week in which they occur. No account is taken of such sales in computing the range for the year.'
,
"Interest Period" indicate in each case the month when the bonds mature.
v
and defaulted bonds.
week, and when outside of the regular weekly range are shown in a footnote
Prices
NOTICE
1 Vis
Monday, June 7, 1943
CHRONICLE
THE COMMERCIAL & FINANCIAL
2124
(City)
A4Vis assented
external 7s
1979
J-D
1978
F-A
1984
1958
1958
J-J
63%
63%
64
*68
70
*
66
--
♦10
F-A
F-A
67%
35
*63
Af-N
1978
67
67%
__
*12%
7
.
66
—
14%
—
66
12
«...
14%
72
52%
——
12
10%
13%
'
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4183
157
2125
NEW YORK BOND RECORD
Friday
BONDS
New
York
Week's Range
or Friday's
'
and Industrial
Railroad
Stamped
1st
1st mtge
J-D
M-a
*102%
J-D
*102
F-A
*
5s_^_1943
1st
70%
:
M-N
.—
Clinch
&
Carriers & Gen
71%
Cart &
72
Adir
*65%
—
gtd gold 4s_...
*66%
1962
99%
'V
99%
106
ACent Branch U P 1st gold 4s
1948
^Central of Georgia Ry—
A 1st mtge 5s
Nov 1945
§ A Consol gold 5s
.1945
103
109%
ARef & gen
A-O
*97
—
.
5s
modified
modified
5s
A 5s
102§i
J-D
91%
1950
.—1950
———
F-A
4-0
—
Income
102% 102 31
80%
1998
1951
F-A
Allis-Chalmers Mfg
1952
M-S
deb 5s„
.—2030
I G Chem conv 5%s.^——1949
M-a
&
Amer
conv 4s___
Foreign Pow
Corp
:
'<■
10
60%
87
39
53%
84%..
62
68
.19
102
106
15
107
110
5s
4s
1
101
57%
62
57%
2
24
101% 101%
104%
7
98
48
deb
Co
Tobacco
Amer
A-O
53
7
30%
55
82
84%
49
68%
89
50
43
42%
45%
179
23%
17%
17%
18
14
6%
A-O
16%
16%
18
62
6%
*50%
55
35
36%
20
J-D
36%
104
A-O
J-J
81%
81
81%
34
1987
J-J
38%
37%
39%
159
37
35
37%
96
34
33 Va
34%
53
30%
30%
30%
1
109 V* 109%
2
95
95%
155
92%
92%
7
71%
68%
69%
146
55%
71%
82
84
82
90
*111%
,1987
4s
1987
registered
J-J
..:
1987
,
N
Y
Power
3%s__
F-A
Through Short L 1st gtd 4s_,_„_1954
Guaranteed gold 5s
1960
JACentral RR & Bank'g of Ga 5s„1942
A-O
M-N
M-a
106
A-O
1962
3s_
103
70
F-A
Memphis Ry Bdge & Term 5s 1964
(Del) 4s B
1955
1st sink fund 4s series C (Del)-1957
95 >/4
F-A
1948
1995
Conv 4s of
Conv
.
68%
99% 100
105%
105 »/a 106
71
103%
107%
'■
1962
M-3 ?■.
1946
J-D
1944
...
*112%
110%
wi
.•/(:.f
J-J
100%
109%
105
109 %
111
114
110%
112%
109%
__
30
110
1st
92%
2
130%
132%
102%
106 %
4s.——. -.^..1948
99
87%
73
92
63.
87
88
95
74%
43%
43
32%
38
J-J
Second
mortgage
Atl Gulf & W I S3 coll tr 5s_
1953
deb 3s
Atlantic Refining
>
M-S
; ^
38%
10
lOOi/a
92%
100%
99%
93%
'
102 y8102%
40
M-3
1958
,1977
97%
F-A
1971
F-A
99
96%
97%
102%
97%
*100% 102
101%
series
5s
A
113
81
83%
84%
108
65
84%
91
92 y2
101
73%
92%
41%
42%
283
97%
84%
.92
97%
J-J
M-N
1988
J-J
74%
74%
2038
J-J
44%
441/4-44%
J-J
50%
47
mtge
inc
(conv).,,
42%
32
*120% 122
—.
45
121%
118
52
66
75%
11
38%
45%
123
31%
51%
75%
51%
114
104
106
,1947
1947
J-J
48%..
46%
50
31%
50
J-J
46%
45
47
Vs
42
29%
46%
A 1st
,1966
M-N
14
13%
143/4
44
6%
J-J
14%
&
5s series A
gen
A 1st & gen 6s series B__.__May 1966
Chicago Ind & Sou 50-year 4s
1958
1031/4
105%
31%
65
gold 5s series B
ARefunding 4s series C
40
29%
ref
/ ARefunding
»105
.
*99 I/b
1982
73
*103% 106
„
102%
JAChic Ind & Louisville ref 6s A__1947
45%
?
Y-J
115%
15%
99% 100%
1949
121
238
1997
88
42
92%
'72%
J-J
1959
•
100 vi
29
106%
118%
115%
27%
1949
;
.
102
*118
275/8
J-J
1949
;
8
™
*118%
Chicago Gt West 1st 4s series A
.' AGen inc mtge 4%s__.____„
:
93
93
72
42%
t
927/8
100%
24
Chicago & Erie 1st gold 5s
103%
1041/s
87% >
/
M-N
coll
N
95%
83
Chicago & Eastern 111 RR—
'
V J-D
J-J
&
&
AGen
1021/4
22
'
34
111
108%
110
102%
103% 103%
registered,
1st & ref 4%s series B__
•;
105%
36
16%
20
92%
105% 106%
A-O
,,1949
; 3%s registered
Illinois Division 4s
General 4s
105%'
95 %
16
*102% 103%
M-S
1964
unified 4%s A
.Oct 1952
gold 4s_
Atlantic & Danville Ry 1st 4s_ _._1948
L
■>■
4s
'
103%
J-J
Illinois division 3y2s
117
96%
110% 110%
1*107
J-J
1944
30-year 5s series B—uC-.
.July 1952
Atlantic Coast 1st cons 4s
1st
General
(
'*101
'
,1989
gold 4s
cons
JAChicago & Alton RR ref 3s__,_,1949
Chicago Burlington & Quincy RR—
.
111%
53
,*109% 110
''
,
;
J-J
1st
_
2d consol gold 4s
'V.
104% 105%
v
•
J-J
gold 5s„
Atl & Charl A L 1st 4%s A„
& Nor 1st
Atl Knox
71
106%
6
1989
38%
16%
J-J
102
*109% 109%
J-D
1958
1st 4s__
105%
..
1st & ref 4%s A—
Cal-Ariz
•
61
1946
R & A Div
102
F-A
83%
18 '/a V 40%
31
132% 132%
M-N
111%
noy8
99%
u-s
1996
1996
Potts Creek Br 1st 4s
67
103%
106
1992
impt mtge 3y2s D
impt M 3%s. series E
Ref &
;
—I960
gold 4s of 1910
Trans-Con Short L
V-
J-D
Ref &
103%
28
*100%
J-D
1955
"51%
116% 117
„
M-N
1955
1905
"'"116%'
Nov
.,1995
Stamped 4s
Conv gold 4s of 1909
98%
5
50
Z:
Adjustment gold 4s_
40
67%
Chesapeake & Ohio Ry—
General gold 4%s
c
70%
70
106
A-O
103%'
105 % 106%
J-J
1995
100%
*101%-
.106
Atchison Topeka & Santa Fe—
General 4s
115
103%
67%
M-S
Armour & Co
109
107
36
67%
Q-J
Ark &
109%,
107%
103% 103%
.
1
i:
107%
31
372
.103%
Jan
Anglo-Chilean Nitrate deb--.—1967
Ann. Arbor 1st gold 4s
1995
A
37
109%
108% 109
M-N
Wks & EleC 6s series A—1975
Am Wat
109
19%
37%
1968
A-O
105%
/; 113% 114%
19%
51
'
1961
gold 5s
gen
J-J
Certain-teed Prod 5%s A
103%
109%
.114
M-S
104%
102%
52%
Central Pacific 1st ref gtd gold 4s,1949
8
109
J-D
58%
102%
American Telephone &
•
91 VB
106%
83
1962
91"
78%
-30
Light 3yas
1st gtd 4s
registered
Central
91
105% 105%
103% 103%
'
91
105%
108% 110
-1959
Eng
AGeneral
,
.104% 105
' 104%
.
J-J
conv
89%
New
*ACentral of N J
95%
109% 110
90
103%
70
90
1
98
90%
132
105% 106
109%
/}
M-N
5%s__.—1949
Telegraph Co.—
3 Vis debentures————--^-.1961
3Vis debentures1966
3s conv debentures————1956
Am Internat
82%
; *66
Alleghany & West 1st gtd 4s
Allied Stores Corp 4%s debs
Am
86
80%
v
A-O
91%
86
A-O
91
51
23
F-A
AChatt Div pur money gold 4s,_1951
A Mobile Div 1st
gold 5s
1946
JACent
————1944
.—1949
High
*9iy8
A-O
67
93%
i
Low
M-N
ARef & gen 5s series C
99%
January 1
No.
1959
5%s series B
70
94 %
23
Range Since
Sold
104 y4104'/2
J-D
102
.62
99%
-
J-D
-
Bonds
High
83
103%
J-J
1947
Corp 3%s debs
62
—
Friday's
108% 108%
F-A
1981
Celanese
101%
—
91 Vs
M-N
Celotex Corp deb 4y2s w w__„
Central IlHnois
-
1950
102%
108
—
or
U-S
104%
Alleghany Corp—
—
1949
—1965
Ohio 4s__.
Corp 5s w w_..
1st
J-J
103%
104 Vi 105
Week's Range
Last
Sale Price Bid & Asked
Low
-
A-O
modified
Period
102
—
109% 109%
—V:
A-O
Albany & Susquehanna RR 3%s—1946
3%s registered
1946
5s
'
4
102
*104 Vi
—
J-J
mtge
assented
Friday
Interest
Exchange
June
102
A-O
warrants
Stock
Ended
High
48%
16
72
J-D
1948
with
6s
Week
J-D
1943
B—..
3Vis ser A__
Power
Low
70%
1953
1948
1967
3%s_._-1972
Albany Perfor Wrap Pap 6s_
_1948
Alabama
No.
J-D
1946
A
cons
4s series
cons
High
New York
fJACarolina Central 1st gtd 4s
—..1947
.
Southern
Gt
1st
Low
.,1953
10-year deb 4%s stamped
■
January 1
Carolina
Adams Express coll tr gold 4s
Coll trust 4s of 1907
Ala
Range Since
Sold
Companies
JAbitibi Power & Paper—
§A5s series A unstamped
A
bonds
Bonds
Sale Price Bid & Asked
Period
4
June
Last
Interest
Exchange
Stock
Ended
Week
15%
14%
15
V." 15
6%
15%
87 y8
J-J
87%
13
66%
87%
287
■
■—
:
,
^Chicago Milwaukee & St Paul—• 4 AGen 4s series A
May 11989
'
.1st
V'
RR—
Ohio
&
[
July 1948
gold 4s
mtge
Stamped modified bonds—
1st mtge gold
(int at 4% to
Oct 1 1946) due
July 1948
Ref & gen ser A
1946)
1
Dec
A-O
A-O
71%- ty
D (int at 1% to
Sep 1 1946) due——
2000
Ref & gen ser F (int at 1% to
; Sep 1 1946) due
1996
AConv
due
Feb 11960
pgh L E & W Va
75
44%
46%
65
,
75%
to
63
40%
64
691/4
201
44%
69%
J-J
67%
67%
691/4
135
45
69 Va
J-J
67
663/4
69
45 %
69 %
F-A
39%
39%
41%
2,334
18%
41%
A-O
12%
123/4
131/a
1,270
4%
14%
1987
M-N
;53i/4
1987
M-N
1987
M-N
A Mtge
J-D
J-D
5°
M-S
43%
122
32%
3 V2s
52%
50
51%
79
35%
57
46%-
38
32%
52%'-
4s
43%
46%
91
32%
52%
3y2s_
registered
AGeneral
!
4s
i
registered
AStpd 4s n
1987
43%
F-A
33
32%
34%
M-N
65%
65
67
A
473
241/4
5s
inc
70
;
1959
70
57%
j.j
59%
.57
59%
57%
60
v
v
61
.22
'
401/4
ref gold
Bangor & Aroostook RR—
Con ref 4s
———U
-1951
ref 4%s
J-J
70
69%
70%
37
69%
69%
6
59%
75
ref 4%s C
1st
Railways
60
75
45%
45%
§ A Refunding
.1951
A-O
*95%
82%
95%
-1948
J-J
102%
102% 103
-I960
A-O
130%
130% 130%
1950
J-D
-1956
Beneficial Indus Loan 2Vis
2%s debentures
—
Beth Steel 3%s conv debs
A-O
-1952
3%s series F—:
Consol mtge 3s series G
Consol mtge 3 Vis series H
Consol mtge
J-J
99%
1041/4
100
99%
27
98i/e
104% 105%
105
ACertificates
131
991/4
12
103%
10
103%
AConv
Gold
105 i/a
105%
of
F-A
102
-1965
^>A
104%
—1944
series II—
J-D
—
-I960
1967
1955
.
1961
gold 4%s series JJ_
1st mtge 4s series RR
AInc mtge 4%s ser A—
1st
'
1960
July 1970
L 1st 4s
1955
Bklyn Edison cons M 3 Vis——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 4%S B
1981
Buffalo Niag Elec 3%s series C—1967
i
XABoston Si N Y Air
99%
3%
to
modified
1946)
due
(interest at
—-—1957
102
102
12
10
100%
Income
M-S
91
91%
M-N
100
/•
A-O
85
M-N
55% ./•■
84%
55
*
F-A
M-N
100
,12
102%
104%
103
/
ACertificates of
/ California-Oregon Power 4s
104
M-N
Guaranteed
gold
91
Guaranteed
gold
Guaranteed
gold
Canadian
Can
90
Coll trust
4%
Chicago
Union
92
78
576
11%
4
44%
' 54
54
13%
46%
58
48 i/a
503/4
503/4
2
35
51
303/4
293/4
31'A
1,208
19
33%
M-S
32%
31%
33%
293
20%
36 %
M-N
11%
12%
683
521%
103/4
631
53
33%
4%
13%
J-D
89%
90
5
70
90
1951
J-D
75
75
1
67
75
J-D
70
70
1960
J-D
723/4
73%
17
62%
73%
60
60
27
49
62
59
/ 110
,110
73%
M-3
1
70
53%
A-O
1962
Cincinnati
3y4s_—..,1966
F-A
1967
Cin Union Term 1st gtd 3%s D„_1971
104%
91
32
1041/4
1041/4
106%
83%
93
21%
74
21%
16
1031/4
mtge gtd 3%s series E__
General
,
gold 4s
351/4
50%
11%
23%
Cleveland
Series C 3%s gtd
D 3'/2s gtd
71%
General 4Vas series A
'
:
88
Gen
&
ref 4%s
109%
1081/2
36
79
5s series B
s
f
4%s series C
2128.
110%
109%
112%
86
'
95
111%
1151/4
3
107%
109
113%
115%
ACertificates
Columbia
G
of
E
&
1131/4
115%
113%
116
F-A
114
114%
7
1111/4
1141/4
Columbus & H V
M-S
111% 111%
10
110'/a
111%
Columbus
112
113%
Columbus
82%
65
71 y4
101% 101%
9
100%
1021/4
5
204
105
73
91
71
89%
.85%
593/4
58
9
81%
10
65
108%
35
90
46
81%
108
46%
61
58%
-
82
106% 108%
105
108
105% 105%
2
105
105%
1961
95%
95%
49
71
95%
1972
92%
93%
49
75%
93%
83%
86%
112
64%
86%
85%
773/4
,.,1977
j
108
108
♦105
75%. 78
*1033/4
1945
162
59%
78
103%
__
104
80
923/4
91
93
30
39
39
40
130
24%
38%
38%
38%
3
25%
40%
1021/4
IOOI/2 102%
196
92%
low,
102
102 &
1021/4
30
102
102 3T2
mtge—,,,1970
t A Colo & South 4%s series A—:—1980
8
95%
20
202
58%
57
81%
1973
gtd
5s inc
2
13
87
95
583/4
1981
gtd 4s____
12
99%
108%
*111% 112 »/2
1977
series B
1st
f
115% 116
96
*1091/2.109%
F-A
102%
29
93
98%
991/4
244
88
93
1091/4
14
7
49%
M-N
,1950
s
115% 115%
99
1969
—
1948
Series
,
115% 115%
J-J
111%
109% 109%
& Pittsburgh RR—
22%
77
104
110
110%
.
*111%,
,,1991
1st 4s__^
86
58
103% 104%,
108%
1097/a
.1993
11
15
104
3
1st coll tr gold 4s,_—,1990
Cleveland Elec Ilium 3s
1970
115%
104%.
28%
St L Div
116
J-J
38
22
1977
21
112% 112%
24
49
1993
88
95
51
473/4
General 5s series B
115%
J-D
77%
59
50%
Ref & impt 4 '/as series E
A-O
1944
1954
1960
41
49
111
70%
82%
19
51
1151/2
J-D
82%
97
69
A-O
mtge 3VaS
F-A
101%
103
63
67
M-N
110%
87%
J-J
112%
101'/a
Cleve Cin Chic 81 St Louis Ry—
91
•*.'99
Gas & Elec
5s
1st
81
88%
107% 108
J-J
94%
1957
cons
110%
46%
114% 115%
M-S
'1033/4 1033/4
.1952
5s
1st
105'/a
10
44
110'A
J-J
J-J
__
J-D
j
20%
94
102% 102 %
110%
Debenture
JAChoctaw Ok & Gulf
'
45%
*109
95
102%
A-O
108%
deb 5s
Co
gtd 4VaS
Gleve Union Term gtd 5%s
A-O
M-S
41 y2
1st & ref «y«8 series
Childs
Cleve Short Line
A-O
27
56%
69%
87%
103%
1003/4 101
23%
100
t
J-J
110
100
101
39%
1
*85
107%
10
1033/4
J-J
308
7
v
20
J-J
J-J
1952
56%
111% 111%
,
'■
1963
4s
com
86%
*-_
1946
4%s_
page
12%
11%
1943
Chic & West Indiana
1951
equipment trust ctfs
Coll trust gold 5s
Collateral trust 4%s
see
44
.1963
mtge 3Vas series F__
1956
I
deb stk perpetual
footnotes
44
23
Station—
mtge 3%s series E
1st
1955
1969
—1970
5s
For
22%
101
91
102% 103%
103%
A-O
Northern Ry deb 6%s___ 1946
Pac Ry
23%
124
44...,/
503/4
80
J-D
20%
1962
—-Oct
—
28
443/8
42%
51%
A-O
73%
F-A
M-N
45%
1968
5s A
4%s
4%s
4%s
J-J
92%
106% 106%
M-N
A-O
—-—July 1969
Guaranteed gold 5s
42%
42
425/a
F-A
1
*100%
M-N
National gold 4%s——1957
Guaranteed
M-N
42
42
V
44
Colo Fuel & Iron
•
42
J-D
78
39
29%
5s
gold 5s
gold 5s
72%
deposit
1st
Guaranteed
59%
39%
85%
110% 110%
F-A
J-D
91%
*91
J-J
1952
1955
1960
Bldgs 5s gtd—
Southern cons gtd
60%
35%
Dec 11960
Coal River Ry 1st
Canada
33%
31
65
1951
guaranteed 5s
1st
Canadian
188
72%
1960
,1951
....
Memphis Div 1st gold 4s
102
102%
104% 104%
*103
1934
Bush Terminal 1st 4s—
Consolidated
60 3/4
59%
70%
1952
gold 4%s
3%s
Cin Wab & M Div
JBurlington Cedar Rap & Nor—
§ A 1st & coll 5S
ACertificates of deposit
Bush Term
58%
57%
i
Chic T H & Southeastern 1st 5s
Buffalo Rochester & Pgh Ry—
Stamped
%
,1934
1st
5s
58
57%
'
Big Sandy 1st mtge 4s
Boston & Maine 1st 5s A C
1st M
M-N
M-N
1988
deposit,
gold 4s__
Chicago St L & New Orleans 5s
1051/4
105
A-O
-1959
102%
58%
60
stpd
§ ASecured 4y2s series A_^
128%
33%
34
1927
*45%
8
12
17
J-D
5s
J-J
10
57
58%
60
M-N
part paid
J-D
'12
32
57
58 Va
j.j.,.,,-—1949
AConv 4%s series A
-1951
99% 100
56%
58%
59
1987
t A Chic R I & Pac Ry gen 4s
v
30%
33%
M-N
J-D
stpd
&
-1989
stamped
Battle Creek & Sturgls 1st gtd 3s
Beech Creek extl 1st gold 3%S—
Bell Telep of Pa 5s series B
1st & ref 5s series C
4s
32%
170
M-N
May 1 2037
May 1 2037
5s
&
25%
11
583/4
M-N
May 1 2037
&
l§AChicago
54I/8
.
1936
A 1st
>
62
611/4
46
53i/4
57
57%
,1987
stpd Fed inc tax,,.
Alst
,
.
J-J
50
1987
tax
A4%s stamped
§ ASecured 6 Vis
37%
51%
1
4%s stpd Fed
AGen
M-S
?:
67%
1987
Fed inc tax,,
p
AGen
A 1st
ref 4* A—
.
43%
^Chicago & North Western Ry—
y
43%
■
i
1975
Jah 12000
gold 5s series A
AConv adjustment 5s
V
601/2 "77%
S'west Div 1st
Toledo Cin Div
63y2
67%
System—
gold 4s extended to—-1951
M (int at 3%%
Jan 1 1947) due—:
—1950
Ref
vV
59%
156
73
73%
,c
1995
due
67%
62
67%
/ AGeneral gold
1995
Ref & gen ser
:
71%
73%
(int at 1%%
1 1946)
Dec
to
65%
62%
J-J
tChic Milw St Paul & Pac RR—
(int at 1% to
due-
Ref & gen ser C
66
J-J
gold 3yas series B__May 11989
4%s series C
May 11989
AGen 4%s series E
May 1 1989
AGen 4%s series F_,_.
May 11989
B
Baltimore
J-J
AGen
AGen
82%
104%
99%
Called
deposit
deb
May 1952
5s
bonds
Debenture
—
5s
Apr 15 1952
1961
■7 Debenture 5s
&
Sou
&
Tol
ACommercial
Income
deb
A
99
1st
extl
3'/4S
1955
13
102%
102 Va
99%
110%
*112%
108%
110
112%
1093/4 109%
1970
4s
110
*109%
1st extl gold 4s__1948
Ohio El
aa
41%
112%
Mackay Corp—
w
w
Apr 1 1969
May
93%
54
105
93%
11
111% 111%
1
110%
111%
113% II31/2
7
108%
113%
93
Commonwealth Edison Co—
1st
mtge 3%s series I
debs 3%s
Conv
1968
J-D
1958
J-J
111%
CHRONICLE
THE COMMERCIAL & FINANCIAL
2126
Monday, June 7, 1943
NEW YORK BOND RECORD
New York
Stock
Period
4
June
Last
Interest
Exchange
Ended
Week
or
Ry & L 1st & ref 4Vis
Conn River Power s f 3%s A
Sold
109 Vi
1961
F- A
1940
1948
1956
—1958
deb 3Vis-—-1951
A-O
York
Stock
3 Vis
debentures
3Vis
debentures
3Vis
debentures
.1955
debentures
3 Vis
Consolidated Oil
ADebenture
1st
mtge
1st
mtge
1st
mtge
Crucible Steel
103%
31%
1
33
J-J
*—
43 Vi
32
J-J
ioi vi ioi vi
92
—"
———-
47%
58%
48%
64
/ •' 38
23
:
—'•
'/
57%
J-J
61%
J-J
F-A
—
78
78
3
62%
77
J-D
59
59
60
255
47%
60
J-D
55%
55%
56%
173
J-J
98
97%
98%
23
61%
'
'•
*79
1 "•
M-N
111%
M-N
108 Va
111 Vi 111%
110%
7
108%
101 Vi 101%
•
7
*42%
35%
J-J
39
101%
44
39
4Adjustment 6s.series A_,_July
M-S
51
A 1st
5s
1956
42%
A 1st
gold,5s series C
48%
40% *
48
Interlake
Iron
deb
conv
4s;
V 'V1/*'
of
A-O
43%
*108%
.
.
L.~.
■
56%
13
.
series
B>
'
108%
105%
102 Va
102 Va 102 Va
1
101%
102%
A-O
102%
102% 103
7
102%
104
44%
44%
48
294
24%
16%
16%
18%,
219
6%
J-J
43 Va
43 Va
46
128
23%
46
J-J
43 Va
43 Va
46
154
23%
46
63%
•
series A. 1952
jAlntcr-Great Nor'1st 6s
42
108 Va
104%
v
'
98%
24%
6
~J-
104% 104%
•
'82
A-O
;
1952
27%
37
'
42
40%
J-J
.
'
1947
96%
42
26
48
"34%
J-D
.—1946
.1956
36
48
*45
-
30
23
38
35%
(
tAlnd & Louisville, 1st gtd 4s
27
22
39
♦43
J-D
.1950
gold 4s
93
49
39
1st
38
38
.
,
& Iowa
32%
45
35%
*47%
J-D
111
1986
Ind Union Ry 3%s series B
...
Inland Steel 1st mtge 3s series F__ 1961
1952
Inspiration Cons .Copper 4s
110
101
19
96% 96 Vi
A-O
J-D
Ind
110% 111%
107% 108%5
7
108 %
108
*109% 109%
M-N
—
109%
109%
16
110% 110%
110%
—
111 Cent and Chic St L & N O—
*
M-N
5Vis—1942
J-J
A-O
V.'
1956
y
48
18%
186
38%
65%
J-J
104%
104
104%
9
102%
104%
1955
M-S
106%
106
106%
14
104%
107%
1972
M-N
1947
F-A
1944
Ihternat Hydro El,deb 6s—
Internal Paper 5s series A &
A-O
.65 Va
37%
,
'
1947
B
,.Ref sink fund 6s series A
'
'
26%
—
96%
53
99% 100
99%
A-O
—1955
deb
Curtis Publishing Co 3s
57%
61%
57%
J-J
.1951
Gold 3%s
103
108%
*109% 110
M-N
—1950
1955
receipts
Deposit
56
—
.195J
51 Vi
extended to
B
series
A
42
—
.1951
51%
51%
Deposit
A 6s
21
.1951
St. Louis Div & Term gold 3s.
105%
5
43 Vi
receipts——
ACuba RR 1st 5s gold
-,——1952
A Deposit
receipts
'
———
A7 %s series A extended to
1946
A Deposit
receipts
——-—
A
75%
60
.1963
§ACuba Northern Ry 1st
91%
55
J-J
;
.1963
28
43%
43 Vi
f debs
s
76%
59
109
43%
3 Vis s f debs
*75
F-A
106%
—
Co 2%s
Crane
54%
85
.1951
8
J-J
—1963
3Vis
——1967
3Vis
——1970
3Vis—,—————1966
3 Vis
—1969
1st mtge
42%
73%
.1953
J-J
mtge 3Vis
1st
67%
195
-
,
93
63%
.1951
108
Power Co—
Consumers
53%
*92
58
106%
105%
104% 105 Vi
52
v
56%
27
105Va
1
108% 109
High
54
67%
•
73
23
106% 106%
105 Vi
High
72
105 Vi 105%
106%
108%
January 1
Low
No.
73
105%
J-D
Range Since
Sold
J-J
A-O
J-J
Bonds
Friday's
67
r
J-D
A-O
—1956
5s————1960
4s
Coal s f
Consolidation
52
F-A
.1950
4s—1954
4s
A Debenture
67%
102% 104%
1955
conv
fAConsol Ry non-conv deb
M-N
.1966
—
or
Sale Price Bid & Asked
Illinois Central RR—(Continued)
111
Consolidated Edison of New York—
9
Last
Period
4
Low
10a
109
102% 103
Week's Range
Friday
Interest
Exchange
Ended June
Week
High
10a
109 Vi
109
New
Range Since
January 1
Low
No.
High
*113
J-J
—1951
Bonds
Friday's
Sale Price Bid & Asked
Low
Conn
BONDS
Week's Range
Friday
BONDS
39%
Int Rys Cent
100
lien
1st
&
Amer 1st 5s B
6%s
ref
—
deb gold 4Vis- 1952
Int Telep & Teleg
Debentures 5s___
D
'
1955
...
'
78%
■
F-A
81
M-S
78
—
5
101
5
95%
55
63%
80%
119
79%
66%
85%
34
1%
v
82
80%
98
92
'
100% 101
J-J
1st Si ret 4s__— 1951
J A Iowa Cent Ry
*97%
'
6
-
5%
61%
62%
47
94%
1
/,
93%
79%
80%
64
61%
82%
79
79%
20
61
81
74%
74%
128
74%
75%
127
69%
78 Va
107% 107%
17
105%
110%
111%
114
•
*
73%
v
J-D
103%
108%
J-J
"3
101 Vi
103 Vi
108%
263
21'/«
45%
40%
40
42%
34
22%
45%
Kanawha St Mich 1st gtd gold 4S..1990
A-O
F-A
10 Vi
10
11%
39
3%
12%
A-O
to plan)—_
F-A
10
10
11%
175
3-V4
12%,
tSAKC PtS&MRy ref gold 4S.1936
A Certificates of
deposit
A-O
32%
32%
34%
137
18 Va
17%
17%
14
6%
98
98
JADes M & Ft Dodge 4s ctfs—
fADes Plains Val 1st gtd 4%s_
103
v
J-J
39%
J-J
103
"A
M-S
1947
3
A-O
J-D
106 Vi 106%
J-D
*46%
4s 1995
f§ADul Sou Shore & Atl gold
Light 1st M 3%s
50
!.
•
40
33
98%
25
85%
102 Va
103%
11
106 %
A-O
107%
107% 107%
31%
31%
1
110%
110%
110%
22
J-J
26
29
34.
v
46
85
92%
—1961
J-J
*93%
93%
93%
J-J
*82
83
83
J-J
108%
108% 108%
1
M-S
106%
106% 106 %
notes——+.1950
1959
102 J/4 102%
M-S
108
;
tAKreuger & Toll 5s ctfs
111
107
i—
5s
stamped—
Erie
~4
101
J-D
M-S
A-O
20
84
97%
Coll
109%
<
149Va
M-S
J-J
98
Firestone Tire & Rub 3s
of
Certificates
59%
•
147
101%
64
104
81%
Lake Sh
80%
92%
98%
55
61%
*94
J-J
„
97
J-D
37
M-S
99
102% 103
103
M-N
37
51
6
71
39
99
A
of
76%
;
98 Vi
19%
41
38%
Francisco Sugar
'V:
12%
36
4%
15
12
12%
5
4%
14%
*102%
J-D
Goodrich
,
'
80 Va
& Ala Ry 5s_—..Oct 1 1945
1934
'
*'
101
J-J
29%
J-J
•
(B
Nor 1st
ext 6s__
.—1956
deb 5s
Gotham Hosiery
w w
106%
100%
102 %
1%
*101
1
98%
101
95%
97
83
85%
93
96%
95%
97
22
85
97%
J-J
*101
J-D
101%
90
J-J
89
J-J
A-O
94%
V4
'
7
52
67%
89 V*
—
67%
90
20
78
92%
88 Vi
__
89'/a
11
75
92%
31
94 Va
97%
87
93
100
94%
96%
M-S
93
93
F-A
*87
75
71%
73
71%
72
67 %
74%
75
71
73
1974
5s_—2—1954
70
69%
70-
66%
71
F-A
60
59%
60%
23
44
66
J-J
74%
74%
75
31
52%
75%
M-N
38
38 2
39%
142
29 V4
42
36%
36%
4
28%
40
41%
43%
97
32%
45
14
31%
41%
82
,35%
*67
2003
..2003
4%s stamped modified
2003
4%s registered———2————2003
5s stamped modified—I——A—2003
S
41%
M-N
39%
39%
.
40-
30
55%
Lex
A-O
120
J-J
105 Va 105%
97
5s_i.——1951
& East 1st 50-yr 5s gtd..-.—.1965
1955
Libby McNeil & Libby 4s.__—
101,
Liggett & Myers Tobacco 7s——1944
5s debenture.—1—
—..1951
97
4
46%
M-N
-
:
46%
47%
•
;:'' '
7.5
55%
120
30
115
9
A-O
107% 107 %
3
-F-A
.122% 122%
105%
U 1
110% 110%
19
109
110%
J-J
111%
111% 111%
67
102%
111%
Little Miami
4s series A—1962
M-N
J-J
107
106% 107%
13
92%
107 Vi
General 4%s series D—
—1976
J-J
J-^
—1940
J-J
—_
Called
bonds
mtge 3%s
AGreen Bay
98%
83%
98 Vi
71
99 Va
105%;
103 Va
103 Va 103 ^
28
102% 103%
30
J-J
90%
B—
—
-
Feb
13
90%
90%
*57%
Feb
68%
12%
—1950
A-O
A-O
J-J
90%
88
mtge inc 5s Geries A„_ —2015
J-J
67
64%
1st
A Gen
Gulf
&
1st
&
w
,
102%
102
Gulf States Steel
M
s
5s
155
v
99
>
103%
25
75%
90%
65
13
103%
69%
9
91%
103%
87 Va
f 41/2S_.____
1961
Gulf States Util 3%* series D__ —1969
90%
78
69%
J-J
*97
fmm#
A-O
M-N
Hocking Valley Ry 1st 4%s
fgAHousatonic Ry cons gold 5s
1999
—
^
'
111
1937
Houston
1954
1962
J-D
1949
stamped.2Ji.i--—---———-1049
4Vis debs
1st
Hudson
Co Gas
Hudson
&
A Ad J
s
series A
1st gold 5s
Manhattan
income
;
f 5s
1st
68%
89
54
68%
103
103%
111
111
97
9
15
*104% 105 Vi
103
57%
56%
58
80
240
*117% 119
573i
57%
59
28%
29%
M-S
Bridge'Co gtd 4s—-1945
M-S
40 Vi
117%
102% 103 Va
J-J
1951
J-J
1951
J-J
*95%
Extended
1951
A-O
1951
jjf-s
*44
4s
1952
Refunding 4s
Purchased
lines
Collateral trust
For
footnotes
A-O
62
62
100
118
A-O
2 91
>
1st & ref 3%s series
E.i——:—2003
Called
>
bonds
Unif mtge 4s series B
245
ext—.2—1960
4s_———1946
page
104 Va
103%
107%
104%
J-J
J-J
8
38
94%
23
88%
91%
14,
85
104% 104%
4
102%
105%
3
102 Va
102 Va
12
108%
109%
104
105
90%
F-A
*104%
88
Montg 1st gold 4%s——1945
-M-S
*._
Ry joint monon 4s
1952
Atl Knox & Cine Div 4s——1955
South
97
J-J
96%
88
Va
97
92%
~3
78%
88
41
94
97%
110
110%
Va
106%
97
*110% 110%
M-N
102
!
M
Maine Centfal RR 4s series
Gen
mtge 4%s series A:
103%
100%
A——21945
1960
Sugar 4s sink fund__Feb 11957
Elec RR & Lt s f 5s
(South Lines)
.1953
4s_.___1959
f§AManitowoc Green Bay & North- "
western 1st gtd 3V2S_
:
—1941
Marion Steam Shovel s f 6s._
1947
t
Stamped '
93'A
92%
93%
26
84%
94
J-D
56%
56%
58
19
47%
59
M-N
64
63 %
65
39
49 Va
65%
45%
45%
M-S
*38%
M-N
*21'A
66
J-J
—
—
67'/a
103%
A-O
*101 Va
*101Va 103
Ry 7s series A—Apr 1940
Q-A
39
67'/a
100%
103
100
101
Q-A
—1945
—1955
97
§ A Market St
96%
60%
51%
65
(Stamped mod) ext 5s—
McCrory Stores deb 3%—j
McKesson & Robbins 3%s__
113
—.I960
1950
M-S
F-A
59%
47
59%
Metrop Ed 1st 4%'s series D
57%
18
43%
57%
Merop
59
60
37
46%
61
(Chic)
108%
—1938
58%
56%
59
W Side El
J-J
5%s
58%
57 >/a
M-N
Wat Sew & Drain
1956
*93%
A-O
94
*108% 108%
A-O
4s^
M-N
J-J
AMet
J-D
A-O
-2
1953
2128.
110%
103%
101% 102
96 ''
96
M-S
1955
see
109%
106% 107
2d gold 3si_.—'.—1980
St Louis Div
1952
3%s
gold 4s
1950
i—.————
—2.
60%
63
94%
3
—
108% 108%
96
ref 4%s
92%
64%
78%
102 Va 102 Va
102
A-O
ref - 5s
81
96
65
75
v
61%
97
•2'
A-O
29%
97%
91'A
109% 110
A-O
series
&
62%
19%
6
90%
*103%-
■—-2003
88
46%
*95%
1st
100
90%
105 Va
68
101%
'
series C——2003
129 Vi
180
21
J-J
./.1st & ref 4s series D———2003
;
h
1st gold 4s
1st gold 3%s—
gold
102 Va
110
AManila RR
Collateral trust
101%
102%
98%
122
1st
111%
M-N
29 %
1st gold 3%s
gold 3s sterling
'
107%
Unif mtge 3%s series A ext.
110
M-N
F-A
1981
10'.
98 Va
26
102%
120%
97
104
127
A-O
series A
l62%
*121 %
1st
102 Va
*129% 130%
*83%
85
A„„1957
Central RR—
102%
102
102%
*107% 108
A Manila
Illinois Bell Telep 2%s
104%
F-A
Manati
Illinois
106
103 Va
Louisville & Nashville RR—
1
—
Feb 1957
5s
5s
100
20
99%
M-S
Mob Si
M-N
Oil
103% 103 V4
A-O
-
J-J
Coal
109%
122%
Co'deb 7s„ i—1944
5s debenture.—i——_——-—1951
Louisiana & Ark'1st 5s series A—1969
90%
H
Hudson
107%
107 Va
>
*106
A-O
M-S
4s
'
•
Guaranteed ref gold 4sA———1949
Paducah & Menr Div
_
1
tori Hard (P)
103
'■
—1952
•'
75
14%
134
i
stpd
•
Lou Si Jeff
103
100% 103
Ship Island RR—
ref Term
104
'V.
50 v.!
120
Louisville Gas & Elec 3%s_—-—1966
—
1950
mtge 5s series C
Gulf Mobile & Ohio 4s series B_ ...1975
Gulf Mob & Nor 1st 5%s B
99 %
88
103 Va
"
gen-
Long Dock Co
104% 105
1967
series I.___
Ctfs
83 V*
102%
& West deb ctfs A_
A Debentures
104%
80
97%
97%
V.
9.9
J-J
.
mtge 4s series H
Gen
97%
1946
________
Gen
98%
^
Va
121%
•
M-S
.1977
3%s ext to—1950
Long Island unified. 4s.-_i
:—1949
•'
,
f
V
A-O
99%
:2
'2:'
VV.-/
—
Leh Val Term Ry ext
:
93
*69 ^ a
72.
♦73%
—
89 Va
86
88%
34%
107%
7
88%
*87
101%
*
89 Va
67%
100
Dec
F-A
Lehigh Valley RR—
4s stamped modified
4s registered—
5
93 %
80
1
F-A
_
stamped—.—
5s
101 Va
83%
89
19
165%
99%
26
93%
89
89
98
26
'
92%
J-D
u—1973
General mtge 4s series G—
J-J
100% 100%
96%
F-A
12
—
.
*97%:
J-D
A-O
General 5s series C
General 4%s series E
4
F-A
48
106 % 107%
M-S
Grays Point Term 1st gtd 5s— .—1947
1961
Great Northern 4 Vis series A__
—.1952
General 5%s series B
7
-1964
stamped.1.
& ref sink fund 5s_—
Lehigh Valley N Y 4%s ext.—1Q50
•
33
.
J-D
—.1946
1st 4%s
F)
.
•
101%
28
J-J
Caro &
AGa
J-D
.—1949
Castings 5%s_,„.
X A Georgia
108%
-__1964
1974
!
Si ref sink fund 5s~i
Leh Val Harbor Term gtd
102 Va -102%
—
*90 Va 100
M -N
Elec of Berg Co cons 5s_ —1949
Steel
Gen
106%
108%
105%
*3 %
.—,——1954
stamped—T_
5s
A:
1
Gas &
5s
1st
,
12
12
M-N
deposit—
Corp 3s debs——1956
coll trust 6s
1956
Food Machinery
170%
41
—
85
1st
—1982
(Proof of claim)
Certificates
1947
....
3
Lehigh & N Y 1st gtd gold 4s
1945
Lehigh Valley Coal Co—
•
*
5s
stamped——
,1944
tst & ref sink fund 5s
A—,1.1954
tFonda Johns & Glover RR—
§A2-4s
to
& Mich Sou gold 3 Vis—1997
% s registered—-—--——1997
Lautaro Nitrate Co Ltd—
A 1st mtge income reg__
.—1975
Lehigh Coal & Nav s f 4%s A
1954
Cons sink fund 4%s series C,—1954
Lehigh & New Eng RR 4s A—1965
,
,
103
20
deposit—....—
at 3%
5s extended
100%
83
"
97%
\
5%s series C
100%
106% 106%
—
100% 100%
M-S
deb———1961
57
61%
59%
*107
M-N
fAFla Central & Peninsular 5s_.—1943
tFlorida East Coast 1st 4%s
1959
A 1st & ref 5s series A__—1974
A
98
J-J
1995
A Gen mtge inc 4%s series A—*—2015
N Y & Erie RR extl 1st 4s—
1947
Ohio Div 1st mtge 3 Vis——,—1971
M 4s series B
cons
105
107
Lake Erie & Western RR—
Railroad Co—
1st
ref
&
65
80%
*77%
;-a-
8
—
79%
,•
extd 5s———1945
—1953
Coll & ref 5%s series D-.C— „I960
Gas Light
Laclede
f
;
102%
101 %
*106 V4
80
A-O
103
148
—
1970
.-1965
—1965
-
109% 109%
*151Va
J-J
1950
3%s
170%
*106 Va
L
*107%
M-N
1995
1st cons gold 5S
Auto-Lite 2Vis debs—...
(NY)
86
*171%
A-O
J-J
E
A-O
Ry Minn Nor Div 1st 4s—-1948
East Tenn Va & Ga Div 1st 5s
1956
East
61
65
90
Kresge Foundation- 3 %
33 Vi"
109%
*113%
75
unguaranteed.
—
1961
Kings County El L & P 6s—-——1997
Kings Co Lighting 1st 5s———1954
1st & ref 6 VaS-A—.—1954
108 Va
2
J-J
62%
*59%
Plain
98%
25
107 %
*88 Va
—
4'is
97%
74%
.74%
J-J
J-J
*
51
33
98%
102%
J-J
1
A-O
J-J
J-J
106%
r* r*
impt
City Term. 1st 4s—
86
Koppers Co 1st mtge 3Vis———1961
104%
M-S
1937
98
112%
M-N
.—1965
5s.
Southern Ry 1st 3s
1950
5s-Apr 1950
—I960
Kentucky Central gold 4s
—1987
Kentucky & Ind Term 4 Vis—,—1961
Stamped
1961
&
Kansas
111%.
102 V2 102 Va
33
J-D
89
111%
110%
33
110% 111
*93%
79
_
Kansas City
17%'
11
111% 111%
M-S
lien gold
1995
A Second gold 4s——,
1961
Detroit Term & Tunnel 4Vis—.
1950
Dow Chemical deb 2Vis
—1962
Dul Miss & Iron Range Ry 3 Vis.
Duquesne
.
38%
7
1965
3%s series G
—1970
& ref 3s series H
Elgin Joliet & East Ry
El Paso & S W 1st 5s
62%
96%
K
Ref
J-J
1966
Edison 4s series F
& ref mtge
Detroit & Mackinac 1st
Elec
46%
94
107
5
42%
B———1978
impt 5s series
94%
94%
•>;'
1
.
62%
"
1961
39%
J103
J-J
J-J
—1935
Ed El 111
J
;
1959
105% 105%
JADenv & R G W gen
A Assented
(subject
Gen
107%
56%
3°6
*104% 105 Vi
J-J
gold 4s—1936
—
1936
5s——Aug 1955
Gen
73%
72
.,72 %
M-N
f§ADen & R G 1st cons
§ AConsol gold 4 Vis
Detroit
105 Va
107%
*101%
J-D
Union Ry 3%s series B—1465
1st & ref 4s_—1943
Delaware Power & Light 1st 4 Vis—1971
1st & ref 4 Vis
——1969
1st mortgage 4Vis
,.1969
Dayton
ARef &
107
107%
J-J
l970
mtge 3s—
Dayton P & L 1st
Delaware & Hudson
89%
98%
105%
105%
108 %
108%
106%
108%
113
113
111%
113%
*90
96
*9%
10%
84
6%
90%
11%
:
THE COMMERCIAL & FINANCIAL' CHRONICLE
Number 4183
^Volume ,157
Friday
BONDS
New York
Interest
Stock Exchange
Week's Range
or Friday's
Last
gale Price Bid & Asked
Period
Ended June 4
Week
Low
Michigan CentralJack Lans Si Sag 3%S..„.......1951
1st gold 3V2S..*_■
1952
Ref & impt 4%s series C
1979
Michigan Consol Gas 4s_.........1963
M- N
(SAMidlandof N J 1st ext 8s..-,.1940
a-0
.V
M-S
88
101
21
*76
51%
J-J
78 Vi
65
26 Vi
M-N
M-S
Q-F
12
1
7 Vi
6
6
f-a
65
9%
2%
7%
2%
8
a
gold 5s.
Norfolk Southern Ry
j.j
27%
J-J
28
27
gAlst stamped 5s gtd as to int_.1938
ref 6s series A—.
1946
J-/
27%
8%
A 1st &
A
28%
16%
51
15 7A
12
4%
5Vi
5%
71%
1
99%
64%
100
55 y2
55 Vi
56%
292
41%
J-J
61%
61%
63
125
40%
40-year 4s series B_..—i.;».—;—1962
Prior lien 4 ¥28 series D——-.1978
J-J
51%
52%
14
33 Vi
1
55 Vi
56%
38
35%
35%
94
19
34
1
O-A
adjust 5s series A—Jan 1967
ACum
'
■
59%
J
j
54%
of
57
85
35%
57
56%,
si ref 5s series a—.—.
ACertificates
54%
f-a
1965
deposit.—.—....
AGeneral 4s——-——.-1975.
A 1st
56%
11
35%
127
127
5
105
105
3
103%
103% 103%
m-s
*'121
a-r— *.-11974
19 Vb
20'%
351
11
54%
54%
57'A
550
35%
54%.
55
..
5s series G——.— .1978
M-N
54%
54
57-
54%
54%
2
IDA
12%
119
5%
36 Vi
35%
(stamped can¬
guarantee)—.....1945
of deposit—
of
a-0
55
54%
57
54%
54%
57
291
53%
53%
56'A
of
a-0
*66
q-j
q-j
88
q-f
53%
40
98%
M-N
61
61%
U-S
99
17
-
63
91%
*104% 104%
101%
4*/2S-—..————I960
a-0
*111% 112%
111%
107
94%
48%
51%
50
48%
50
Constr M 4Vis series B—
M-N
45
43%
45%
Mountain States T & T 3 Vis
*110%
1978
Dairy Prod 3 Vis debs
—>.1960
Distillers Prod 3%s——.—.1949
Nat
Nat
81%
81%
M-S
Nash Chatt & St L 4s series a
31%
106
104%
27
gtd 5s.;
—1945
A Consol gtd 4s—
.———1945
New England Tel & Tel 5s a..
1952
1st gtd 4Vis series B
—1961
N J Junction RR gtd 1st 4s.—1986
N J Pow & Light 1st 4Vis
1960
New Orleans Great Nor 5s A
—1983
NO&NG 1st ref & imp 4 Vis—.—1952
New Orl Pub Ser 1st 5s series A—1952
*96
M-N
J-J
J A New England RR
80 Vi
81
325
66%
67'4
18
55%,
66s'a
67
18
55%
81
36
f-a
82%
88
95
*110%
109 %
107%
110 y4
107
110
111
.73'.'
j-d
*103% 104'%
m-n
*105% 106'%
108
18
106%
107%
93 >A
44
80%
93%
A
71
a-o
■'*.
68
5Vis series a.———.—1954
a~o
73
72
'
66%
50
71 Vi
51%
66 y2
49%
44y2
61%
119
73
73%
83
52%
73%
70
70
8
47%
70%
10-year 3%s sec s f_.—.—1946
Ref & impt 4 ViS series a—.....2013
Ref & impf 5s series C—...
..2013
Conv secured 3V4s—.—.———..1952
N Y Cent & Hud River 3ViS—1997
registered—.
——>..1997
Lake Shore coil gold 3Vis——.1998
3 Vis registered—L——1998
Mich Cent coll gold 3Vis——.1998
3Vis registered—1998
3 Vis
*104%
j-j
64%
{f-a'
a-o
51%
67%
14
99%
487
47%
65%
153
52%
67
95%
26
111% 111%
32
111
111
111'%
16
110% 112
j-d
110
110
110%
11
109
12,
103%
105 y4
j-d
18
103
105
Trans
80%
83%
176
67%
86
85
85%
56
74'A
87%
69%
80%
21
53
70%
50%
48%
66%
47%
61
*63
f-a
63
f-a
63%
63
64
59%
f-a
60
3
99
99
99'/a
a-o
Ref 4 Vis
1st
6s
C_—.1978
—1950
Y Dock
1st gold 4s—.—.1951
Conv h%
notes.—.—
.—..1947
N Y Edison 3Vis series D.—
1st lien
&
ref
a-0
74
72 Vi
f-a
m-s
105
102%
104%
77
88
,
gold 5s—1948
gold 4s..
...1949
N Y & Harlem gold 3 Vis—*—.....2000
N Y Lack Si West 4s. series a—.—1973
4 Vis series B
1973
N Y L E & W Dk Si Impt 5s—1943
(N Y New Haven & Hartford RR—
ANon-conv deb 4s—
..—1947
108
109%
109
110
*100
M-N
72%,
73%
f-a
106%
78%
43%
34
25
31%
49
6
31 y2
49%
43
45
53
33
43%
43%
45
63
32%
42%
44
6
31%
53
95
68%
37
19
28
47%
97
deb
4s
—1955
J-J
43
ANon-conv
deb
4s
__1956
M-N
J-J
J-J
50 V*
50 Vi
a-o
67
67
M-N
17 Vi
17
J-D
45%
.
45%
•
.
37%
108 74
11
88%
103%
m-n
110'/a
16
108%
110%
108
110'/8
41/2 s
*l05y2
j-d
a-o
Pennsylvania rr—
*
s
Consol gold 4s_._.j...1948
4s sterl stpd dollar—...May 11948
'l
Gen mtge 3%s "series c.—__—1970
Cons sinking fund 4y2si._—1960
General 4 y2s series a
1965
*
General 5s series b—i
..1968
a-o
110% 110%
*no'/4 110%
M-N
j-d
107% 108'/a
108 '/a
103
4y43 Series el...—..1984
deb
3y4s_.—_—:—>..1952
Peoria & Easterh 4s
a-o
Peoria &
98%
m-s
ext.4———i960
a-o
57
Apr
13%
Pekin Union Ry 5%s_—1974
.
89%
i
102% 103%
38
98
j-j
89%
81
74
1st
4s
.1954
M-N
99'a
99%
1992
M-S
11
11
1955
J-D
5%
5%
5%
8
gtd 43—1993
a-o
58%
57%
58%
62
........
AGeneral
4s
N Y & Putnam 1st
,
cons
78
8Vi
36
.
?a
21
55 '
99%
11%
13
84
90%
6%
2
41%
-
99%
.12%
7
58%
N Y Queens El Lt & Pow 3Vis
1965
M-N
*110
110%
110
lllVa
N Y
1958
J-J
*106.
107 y4
105%
106
Rys prior lien 6s stamp
N Y Steam Corp 1st 3Vis
For
footnotes
see
page
2128.
1963
b
—
105%
•:
14 va
643/4
82
13
76 %
94
57%
76%
27
104%
101ft
106%
118%
121
111
115
*101.4
*122'%
*115
..
■■.
.
83
102 W
108% 111%
Ill'/2 111%
j-d
5%
105%
j-j
gold 4y2s series c——1977
d.l———1981
90
90
58%
44%
106% 106%
90
72%
74
f-a
GeneraI 4y2s series
134
97
.103%.
95%: 303%
98%
90%
111
112%
105
m-n
—1974
19
14%
81
m-s
series
4
57%
88%
j-j
General 5s
70
98%
56%
13%
1956
Phelps Dodge conv; 3% s deb—.—1952
Bait & Wash 1st gold 4s.—1943
115
97%
96 va
gold 4%s series 0.1——.1980
Phlld
108
*101.3
f-a
j-d
108'%
52
4s series b—.......—..1956
Marquette 1st series'a 5s_.
301%
40
97
96%
111%. 112
1947
peoples Gas l Si c ref 5s
122 Va
66
102% 103%
96%
102%
j-j
119%
4
114% 115
j-d
a-o
Gen mtge
,
88%
3
121% 122
f-a
a-o
Conv
•
90
97%
96%
97
gold 4y2s—:—......1970
Debenture
..
.
,
102% 103
m-s
111%
111% 111%
6
j-d
—1961
Phila Electric 1st & ref 3%s.*._—1967
1st Si ref mtge 2%s__.l_....—1971
(Philadelphia & Reading Coal—
a ref 5s stamped..
84
103
103%
103
103'/a
16
j-j
Philadelphia Co coll tr 4%s
37%
38%
133
14'/4
15%
370
j-j
38%
...1949
m-s
15%
Philip Morris Ltd;deb 3s.——..—1962
m-n
*104% 105%
m-s
104% 104%
AConV deb 6sL——
3s debentures
i.
1973'
—1963
——
j-j
(§APhilippine ry lst
.s f 4s—-.1937
deposit
....—Phillips Petrol l%s debs.
..1931
8
7
j-j
110
109
96
103
1103/4
112
102
103%
20%
8%
39%
15%
104
"2
3 05 v*
104%
104%.
8
22
3'/4
4%
110
192
104%
110%
of
ACertificates
J-J
109
109
109 y8
106%
Pittsburgh Cine Chi & St Louis—
Series d 4s guaranteed—t
.
109'a
-
1945
Series e 3y2s gtd gold.——....1949
f 4s guaranteed gold—-1953 '
Series g 4s guaranteed
>.1957-
Seri is
Series h cons'
62%
49 V*
.
(AHarlem River & Port Chester—
(AN Y Ont & West ref gold 4s.
109
104% 105
49%
ANon-conv
4Vis series of 1927—1967
107
105
53
42%
42
1948
102%
102
f-a
4
52
42%
42
1957
52
27
43
42%
—.1940
79
101ft
44
43%
M-S
a-o
—
105 y2
106%
73%
44%
M-S
>.1947
6s
108%
106%
44
•
60
4
103%
106%
101
104
61
9
7va
*
3Vis.j...1954
§ A Collateral trust 6s
100
55%
1
107% 107%
105% 106%
m-n
1952
102%
*102% 104
j-d
3'is trust ctfs d...1944
23
117%
101%
3Vis:
ADebehture certificates 3ViS—..1956
32
117%
108'/4 108%
112%
100
»
deb
...,
115%
*
73%
78'A
78%
M-N
J-J
—
116%
■
105% 106%
*108
109
:
111
111% 111%
F-A
deb
A 1st & ref
94%
78
108%
r'
1
ANon-conv
,
86
.92
:
4
ANon-conv
4a
1
*115% 116
M-N
deb
74
109% 109%
109%
J-D
Purchase money'
AConv
105
65
105
57%
f-a
»
N Y Gas El Lt H & Pow
A Debenture
101
67
100%
.
Light 3y2s._.—..1969
debentures—^
...—1974
General
11
.
..'■•
*116%
■
-
j-j
.
15
04.
89
88
-
101
109% 109%
a-o
a-o
N Y & Erie—See Erie RR
102
99%
74
52
10
78
103% 104'%
103%
•
Pere
85%
64%
100
10
llO'/a
103% 103%
a-o
AIncome 4s.——.———Apr 1990
94%
77%
6
74
94
94
a-o
101
104% 105
105
f-a
—1966
202
101% 101%
101
101
J-D
...1965
3 Vis series E
68
83
81
a-o
series
N Y Connecting RR 3 Vis a——1965
N
81%
M-S
mtge 3Vis extended to—1947
debentures.——:
94
93
llO'/a
109
105
1st
93
99 Va
102 % 103%
1st
a-o
99
95%
103Va
*
m-n
*
New York Chicago & St Louis—
Ref 5 Vis series a—1974
96%
*109% 110'%
m-s
110%
5
109% 109%
j-j
1955
96
112%
17
,
j-d
;.._1944
-
99
j-j
'
66
24
69%
f-a;
b_,_u..^..l860
6s____
104% 105'%
104% 105
92%
Penna Power si
:
80%
85%
69 Vi
deb
95%
j-d
b..—.1^66
Gtd 4s series e trust ctfs
,
J-J
69%
103 >/4
95%
General 4y<s series d__—... —,—1981
M-N
f-a
99%
:Secured :4s-.-4.—..1963
Pennsylvania Glass-Sand 3%s-j-_. 1960
Pa Ohio Si Det 1st Si ref 4y2s a—1977
4v2s series b—.—1981
61
J-J
42
111
;■
101%
59%
64 y2
64%
79
58%
58%
a-0
65%
64%
101A 101 &
101-A
a-o
,
102% 103'%
110%.
106% 109%
111'/a
■
Newport & Cincinnati Bridge Co—
General gtd 4Vis—
—.—1945
N Y Central RR 4s series a
.—1998
109%
109
25
j-d
Pennsylvania co—
68 Vi
68%
*61
108%
109% 109 %
j-d
'
48
f f 6. ■
107%
3
109 va 109%
106
j-d
Paterson & Passaic g & e cons 5s.1949
■
64 %
56%
50
53
70
71%
k. 70
67
deposit—
ACertificates of
'
*■__
f-a
71%
'•
70
f-a
of
deposit
..—
1st 4 Vis series D_
.—1956
ACertificates of deposit..——
A 1st
41
28
106%
104% 106%
2
*109%
109%
110%
1946
0—^1964
Parmelee
;
44%
64%
109 %
j-j \
Paramount Pictures 4s debentures.1956
106%
*58 Va-
j-j
102%
106% 106 %
j-j
17%
100
106% 109%
1st & ref mtge 3%s series h....1961
1st & ref mtge 3y2s series i—..1966
1st Si ref mtge 3s series j
1970
Guaranteed
ACertificates
5s..™..1945
1st
12
100
20
debentures—.^...1946
Paramount Broadway Corp-—
1st m s f gold 3s loan ctfs
:
3
62%
62%
a-0
(SAN O Tex & Mex n-c lnc 5s——1935
ACertificates of deposit—
A 1st 5s series B_...———.....1954
ACertificates of deposit—
A 1st 5s series C———————1956
96
'
:
108% 109
108% 108%
Panhandle East p l 3s
95
92 y2
93 y8
17
*100
j-d
j-j
90
83 Vi
107%
15%
16
j-d
80
108%
:
110%
112 V*
3%s..—>...1966
'
125 .3
107% 107%
107%
J-D
j-j
9
8
,
109%
lil%
*109v'a 109%
& Elec
Ref mtge 3y4s' series c__>__^
1966
PadUcah & 111 ISt s i gold 4y2s_.,_l955
118%
8
107
a-0
1053
90
94
90
J-J
109% 109%
*111% 112'%
—
m-n-
3%s—,a.;——......197.2
Gas
Pacific Tel & Tel 3y4s series
82%
70%
122%
77
108% 109%
108%
J-J
109%
j-j
§APac rr of Mo 1st ext gold 4s._1938
ia 2d ext gold. 5s—
1938
117
7
*81
a-0
f-a
j-j
<
•
123% 124
123%
M-N
81%
68%
68%
m-s
;
319
70
117% 117'%
J-D
62%
US
107%
97
116%
31
81 Vi
80
5
85
j-j
106
95
116% 116%
116%
J-J
..—1955
series B—
103 y8
104
62 y4
Cham. 1st gtd gold 4s.1948
103%
104'/4
J-D
1st & ref 5s
101%
a-o
(ANaugatuck RR 1st gold .4s.——.1954
106
103%
102% 103 »A
Newark Consol Gas cons 5s.——.1948
New Orleans Term 1st gtd 4s
1
106
103'/a
61%
84 v*
1st & ref m 3s series k_^i_—..1971
82
30
106
62
79%
Guaranteed
110
68%
105%
M-S
50 >/a
112%
20
106% 107%
J-D
3Vis sinking fund debentures—1949
National Steel 1st mtge 3s—L1965
40'%
80
gold-5s_.-1946
stpd cons 5s.._
1946
Oregon-Wash rr & Nav 4s
...1961
Otis Steel 1st mtge 4v2s ser a—1962
46
113
82
3
66%
Ore Short Line 1st cons
51%
n
f-a
53%
50'/2
j-j
cl
Oregon rr & Nav con gold 4s—.1946
50%
108%
111%
42
49%
j-j
Pacific Gas & ei 4s series
37%
35%
—
69
177
j-j
Ontario Transmission
:
93%
89
*109% 112%
M-N
1
53%
j-j
4s
88
J-D
gtd 5s———1947
84 »/4
1st mtge
206
245
88%
84 v4
53'%)
•
q-a
Pacific Coast Co 1st gold 5s
*93%
51
M-N
50
72%
...2047
Oklahoma
113%
103%
.1955
1968
M 5s series A
Mutual Fuel Gas 1st
110
36
J-D
J-J
Essex
■'
Constr
13
106V2 107
107
1955
Tramways 5s ext——.—1951
1st gtd 3 Vis——2000
Montreal
Morris &
112 % 113
a-0
J-D
177
1st mtge 4s———;—__„._.._1967
112%
debentures——...—.—.1965
Power 1st & ref 3%s
1966
88%
m-s
104%
6s
87%
o
63
f-a
Montana
65
Ohio Connecting Ry 1st 4s__...... 1943
Ohio Edison 1st mtge 4s
1965
Monongahela Ry 3 Vis series B—1966
Monongahela W Penn Pub Serv—
1st mtge
; '
(Minn) 1st & ref mtge 3%s—.1967
(Wise) 1st mtge 3Vis—
,—.1964
Northwestern Teleg 4y2s ext
^...1944
.
99
45
25
113
;
50%
66%
(§ AOg & l
(SAMlssouri Pacific Ry—
3rd 7s extended at 4%
July 1938
Moh'k & Malone 1st gtd gold 4s—.1991
l.
55%
36%
deposit—
113
..
Northeim States Power Co*—
/
"35%: ,..'54%y;>
153
f-a
56
57
103%
120
mtge gold 5s
56%
ACertificates
11%
M-N
35%
,
Ref & impt 5s series d„—....2047
57%
36%
20
151
103
50
*107
57
38
deposit——
AConv gold 5%s—
..1949
% A 1st & ref gold 5s series H
1980
ACertificates of deposit
.....
A 1st & ref 5s series I—...1981
124% 127%
103% 105%"
Ref & impt 5s series
57
of
34
Ref Si impt 6s series b_.._.___..2047
■
14
ref
&
85%
49
119%
'
*112
a-0
Northern Facific! prior lien 4s..^..l997
4s registered.^.......
__.._1997
Gen lien ry & ;ld gold 3s..._Jan 2047
3s registered—.
.-—.....2047
Ref & impt 4 %3 series a...;
t2047
21 y*
19%
M-3
ACertificates
1
73
29%
34
48
m-s
1945
ACertificates
>"Vv
M-3
.
31
105
;...1974
guaranteed gold 5s..:
-
56 Vi
A 1st & ref 5s series P
•—..1977
ACertificates of deposit—.———
A 1st
-
ref 5s
7
Vi
f-a
52%
(Missouri Pacific RR Co—
4
83%
f-a
...»;..___.1954
Gen & ref 4%s series
38
34%
112%
(Northern Ohio ry—•
56%
34%
A-0
j-j
85
cellation
J-J
110%
110
47
a 1st
J-D
"
102% 105%
83 Vi
a 1st
1962
16
90
109% 110%
8%
22%
109
34
North Central gen &
72'A
63
'
.
% 105%
46
100
.
-
105
:
f-a
Missouri-Kansas-Texas RR—
Prior lien 5s series A_.—
•
—
171
a-0
7%
1%
15
71%
*98'/4
MS
1st 5s—..1959
MO Kansas & Texas 1st 4S........1990
"V
19%
85
.87%.
Co—
Debenture 3%s____
10
J-J
ref 5 VaS series B.......-1978
(A Missouri-Illinois RR
■
29
9
8%
•
45%
:
10%
.
rr 5s a.-..1961
297/a
J-J
SVis.—.2—..1949
25-year
A 1st &
16
23
27Vi
Vi
315
28%
27
J-J
27%
27
1938
US
,14Va
High
32
16
*109% 110v4
18
19%
*110%
*110
111
a-o
Range Since
January 1
Low
11
19%
*85
18%
m-n
N6.
42v2 1
14%
—
.
Sold
Norfolk & Western ry 1st gold 4s_1996
North Amer co deb 3 Vis_..i...;.._1949
(Minn St Paul & Sault Ste Marie
.......1938
42
14%
A'J
s
Bonds
High
*-
j-j
mtge 4 Vis series a_i........l998
Gen mtge 5s conv inc.
2014
(fANorfolk Southern
§ Alst cons 4s stamped
IA 1st consol 5s_.._.:
42
m-n
1st
10
,,
26%
59
7'/2
6'
53%
61
f-a
51
26 %
25
7%
,
77%
'60%
27%
Friday's
or
Sale Price Bid & Asked
j-j
.1940
ATerminal 1st gold 5s—.......1943
n y Telephone 3%s series b...
1967
(§an y West &,Bost 1st,4%S—..1946
Niagara Falls Po.wer 3%sJ
...1966
Niag Lack & Ont Pow 1st 5s a...1955
Niagara Share (Md) deb 5%s——1950
63
38
30
1937
1937
§ a General
108%
,
60
65
(5an y Susq & w 1st ref '5s
f a 2d gold 4%s...
75%
Vi
52%
65
■
..1949
...
49
59 Vi
.....1934
gold 4s_.
ext
106%
6
51 Vi
J-D
50-yr 5s series A...1962
ref
81
61
61
Week's Range
Last
Period
low
101
97
Interest
June 4
High
57%
5
107% 107%
Week Ended
78
2
75
61
M-S
&
1
74
J-D
A Ref
88
101
107%
MS
t AMilw Spar & N W 1st gtd 4s_...1947
(SAMilw & State Line 1st 3%s....l941
A 1st
Low
No.
Friday
New York Stock Exchange
Range Since
January 1
Sold
75
,i§AMilw
(AMinn & St Louis 5s ctfs
BONDS
Bonds
101
J. J
& Northern 1st ext 4%s..3939
AgConsol ext 4%s_..-._......—1939
High
2127
Series i cons
'
j
guaranteed 4s—.1960
4Vis—
:
—.1963
guaranteed 4 y2s__ 1964
Gen mtge 5s series a—.
1970
Gen mtge 5s series b—
1975
Gen 4%s series c
:
1977
Pitts Coke & Iron conv 4y2s a—1952
Pitts Steel 1st mtge 4y2s_
1950
1st mtge 4 Vis series b.
1950
Pitts Va & Char 1st 4s gtd——1943
Series
cons
Pitts & w Va
1st 4%s series a—1958
1st mtge 4%s series b
1st mtge 4%s series c—
1959
1960
105
losy.
*112
110
111%
m-n
*112'/a
f-a
*113
111% 111%
112% 114
119% 121 Va
119 Vi 121%
m-n
107
;f- a
j-d
121% 121%
f-a
*121%
m-n
112
j-d
105%
112%.
112% 112%
j-j
106
106
112%
105
112
a-o
112%
10O
106
105 %
M-3
100% 100%
95
100%
J-D
*99'/2 100
98%
100%
98'/a
100
*99
J-D
j-d
62
61%
62
30
55
64
62
a-0
a-0
100
*101.3
m-n
62%
62
14
53%
63%
61%
62%
22
53%
64
CHRONICLE
THE COMMERCIAL & FINANCIAL
2128
Last
Interest
Stock Exchange
Ended June
Week
or
Low
1st
gen
1st
gen
1977
1960
1950
.1966
4VaS series D
1st
Elec
Gen
Portland
1st 4%s
5s extended to
1st
El
Potomac
1st
M
1st
Pwr
3Vis—
95 y2
78
90
J-J
106 y2106%
3
106
J-J
*109y4 109%
947/a
95
M-S
J-J
98 y2
__
Tex Pac Mo Pac Ter 5'/2s A
?96
106%
Third Ave Ry
*:_
M-3
AAdj income 5s
108% 109%
95 Vi
17
99%
*93%
*109%
Af-N
*107
*221 y4
A-0
105
J-J
1997
1997
Rand deb 3'/as
1956
Republic Steel Corp 4%s series B—1961
Purchase money 1st M conv 5 Vis 1954
Gen mtge 4Vis series C
1956
Revere Copper & Brass 3Vis
1960
Remington
1st gtd 5s—1939
}§ARio Grande West 1st gold 4s—1939
A 1st cons & coll trust 4s A
-1949
Roch Gas & El 4%s series D——1977
Gen mtge 3%s series H
1967
Gen mtge 3 Vis series I
—1967
Gen mtge 3 Vis series J
1969
J§AR I Ark & Louis 1st 4Vis
1934
t A Rut-Canadian 4s stpd—
1949
i§ARutland RR 4Vis stamped
1941
f§ ARio Grande June
97%
J-J
93V8
93%
94%
93%
94 y4
J-J
104%
104'/4 104%
F-A
104%
104
104%
'104% 105
16
Af-N
13
100
79%
43
58%
50
4iy4
73
__
M-S
*112%
M-S
32 y4
11%
J-J
13
J-J
102% 103
103% 103%
108% 109%
1971
.1996
gold 5s
& Adir 1st
Lawr
-1996
gold 6s
tSt Louis Iron Mtn & Southern—
A §Riv & G Div 1st gold 4s—
1933
A Certificates of
deposit
2d
JASt L Peor & N W 1st gtd
1st mtge 5s_.
1952
22
—1944
9%
92
91 y4
92
173
77%
91%
2
78%
73%
20
44
3
91
*81%
J-J
73
374
32%
42
18%
102 %
101
101%
101
101%
M-N
♦101%
101%
1 1950
M-N
*101%
101
101%
—May 1 1952
M-N
*101%
101%
102
1 1952
M-N
101% 101%
101 %
101%
May
1 1953
M-N
*101% 102%
101%
103
1 1953
M-N
*102
101%
102%
—May 1 1954
NOV 1 1954
M-N
*102
M-N
*101%
May 1 1955
M-N
—Nov
Nov
34%
36%
90
20%
A 1st
36%
34%
36
96
96%
♦75
19%
J-J
38%.
44%
10
46%,
27 %
86
J-J
18%
18%
18%
27%
28%
80
17
104
49
49%
F-A
10%
r
10%
Coal & Coke 1st gold 5s__1949
F-A
Iron
mtge 4s series
1933
.
•
'
30%
13%
'
1961
J-J
\
1
.
15
30%
28%
293/4
758
27%
28%
216
14
43
533/4
86
31
56%
15%
30
'-f-W
,
27
'
28
*26%
5
29.
29
1711
—
Bell
Tel
44
98%
100%
101 y2101%
——
6
99%
101%
F-A
*45
1952
A-O
104
'X,
103
2
10
103% 103 %
F-A
.40
•
104%
1964
Tel
Southern
Colo
Power
6s
A-O
1962
3%s
J-J
1963
A-O
109
108% 109
1979
&
J-J
108%
108% 108%
1947
A
4s
4s
Aug 1949
_
106
106
-
'
22
registered
88
•
;
87
101%
104
107%
109
105%
16
103%
85
—1968
Af-S
65%
65%
68
44
52
75
34
45
A_—1975
1976
.—1978
1980
Af-a
A-O
*27%
1955
A-O
94%
,—1948
M-S
gen
5s series B__.
A Ref Si gen 4%s series C
A Ref
& gen 5s
Af-N
63%
63%
65%
Af-N
63
63
64%
I
1st mtge
Stamped
-1955
J-J
_1956
A-O
1956
&
gen
&
gen
Devel
61
Mem
Div
97%
J-J
^.1994
100
;
A-O
-
85
4s series A
6s____
1st
Southwestern
series
Pub
C
Serv
97%
85
104
;
Warren RR
1st ref gtd gold
*26%
1
—
—-
31
30
26%
__
27%
•
25%
28»/a
91
__
95 >
18
102% 102 %
102%
Washington Central Ry 1st 4s——1948
1st gtd 3%s_—1945
1st 40-year guaranteed 4s—.—_1945
Washington Term
96
102104
12
41%
42%
Q-Af
42%
95
31
8
95
F-A
4
F-A
,
1
45
88
♦103
F-A
95
*104
Gen
99
-1964
J-D
1113/4
-1968
J-J
107%
-1972
M-N
100V4
100
104%
90
103%
104
—1966
mtge 3%s series I
:
%
120% 120%
5
119%
120%
J-D
109%
109 y2109%
5
108%
110
Af-S
111%
111% 111%
10(1
111%
J-J
112%
111% 112%
10
110%
112y4
J-D
A-O
90%
90%
91%
63
84%
93%
J-J
98%
98
98%
15
95
99%
fAWestern Pacific 1st 5s ser A—1946
Af-S
66%
66
68
63
36%
70%
-1946
M-S
66%
66%
68%
123
36%
70%
_1950
M-N
97 Va
97%
98%
68
84
98%
50
87%
&
—1952
1st 4s_
Maryland
ref
1977
5V2s series A
assented—
._
Western Union Teleg gold 4%s__
_1951
J-D
96
95%
M-S
95
94%
95
.1951
Westinghouse El & Mfg 2yas
West Shore 1st 4s guaranteed— _2361
M-N
5s
—
West Va Pulp & Paper 3s
66
Wheeling & Lake Erie RR 4s
-I960
92
97%
87%
68%
81
98
74
92
98
23
84
100
20
89%
100%
4
11
111%
..
*111%
Wheeling Steel 1st 3%s series B.
1st 4s
M-S
89%
JAWisconsin Central 1st 4s__.—.
.1949
103
19
103% 1033/a
103%
Winston-Salem S B
Certificates
of
—_
;
\ 89%
89%
26
60
J-J
Af-N
;
593A
60%
58
23%
23%
26%
J-J
tAWor & Conn East 1st 4%s
1943
1948
M-S
1960
111%
903/4
57
47%
64%
3
47%
60%
94
14%
26%
M-N
*19y8
111%
107
'107% 108%
23%
110 Va
111% 111%
J-J
Youngstown Sheet & Tube—
Conv deb 4s
104%
88
15%
uiy4
A-O
109%
115%
___
Wisconsin Elec Power 3%s—1968
'
114%
♦115%
58
1936
».«
,
.
deposit
5ASu & Du div & term 1st 4s
A Certificates of
deposit—
•
—
108 y4
20
20
__
112%
106
49
M-S
61
41% ,56%
100
107%
107%
__
J-D
_1949
Wisconsin Public Service 3%s—__1971
;
101
98
.1954
,_1966
A
82
104%
87%
.'•v. 22
J-J
95
1013/4
43
'
100%
46
55%
101%
60
55
J-J
583/4
.2361
Registered
13
57 3/a
57%
96%
83
125
101% 101%
'
J-J
66
70%
J.
96%
,_1960
gold
5s_
68 y4
193
111% 112%
*47%
Apr
1967
_1963
1st 5s E
69%
82
107% 107%
*108%
1950
5s stpd gtd_.
mtge 3y2s
West Penn Power
86
87%
57
97%
95%
Spokane Internat 1st gold 4y2s. -2013
230
81
99
.
3%s__2000
54%'
93%
85
97%
98
4s___
86%
104%
80
J-J
A-O
178
97%
971/2
J-J
:
56
81
*
__1951
gold 4s
Bell Tel 3%s B
ref 3s
Southwestern
1st
104%
189
99% 100
—1956
1996
6%s
gold 5s
gen
St Louis Div
:_
'/ 68%
*—
j-j
Devel
&
A-O
•
Ry 1st cons gold 5s
Devel
1st
J-J
1950
1st ref gtd 4s
South Pac RR
Southern
1946
4s
Warner Bros Pict 6s debs_—
53%
174
3%s
A-O
52%
260
1981
Term 1st 4s
series D
26%
27%
*20%
*27%
F-A
55
108
1969
Gold 4Vis
secured
96
132
68
67
Gold 4Vis
A
72%
87
67
Fran
-83%
96
50%
108%
Af-3
10-year
43
95%
957/a
J-J
41%
A 5s
9
1977
San
110
50
106%
123%
10
89%
*85
1949
(Oregon Lines) A__
85
108%
40%
Western
105%
■;
Gold 4%s
1st 4%s
72%
29
50%
1st
46
123
1063/a
*123
104% 104%
J-J
J-D
34
84'A
109%
40%
30-year
coll)
Pac
1971
A
104 3/a
Pacific Co—
(Cent
84%
109% 108%
84%
M-S
95
Apr
25-year
Southern
A-O
86'/a
107%
92
29%
100%
100
100
coll tr 7s_ ___1941
debentures
3s
98
Apr
1st
South
*96%
__
1991
Westchester Ltg
1950
__
'
"7■
■
J-J
79%
104%
86 >/4
*107%
29%
"
45
M-S
*85%
__
inc 4y4s ser B—
t A Wabash Ry ref & gen 5y2s
14
143/a
272
28%
28%
M-S
__
111% 111%
4s inc series A—.—1981
Walworth Co
27%
1945
Socony-Vacuum Oil 3s debs
South & Nor Ala RR gtd 5s
112
*108%
Af-3
50
4%
8
29
«
Skelly Oil 3s debentures
110%
*108%
f 4s series B
& Pwr 3%s series B
AGen mtge
49%
273/4
296
12%
24%
24%
28
14
47
45%
A-O
debentures 4s__
100
W
124%
47
J-J
Co
101
97%
106
123
45%
1954
ASilesian-Am Corp
100
97%
67
99%
AGen mtge
3
*
2%s sinking fund debentures.
93%
63
100
F-A
1st
14
A-O
F-A
Simmons
100
M-N
103%
105% 105%
105%
A-O
1959
debs
28
101
98%
101
F-A
Wabash RR Co—
124% 124%
Af-S
M-N
Oct 1949
Oil 2%s
A-O
M-S
31
101 %
*102% 1027/a
F-A
Union
A-O
1944
1944
1968
21
6%
11
28
1935
Shell
103%
50 y4
F-A
1950
—
102
102
103
97
85
44%
1950
certificates.,
series B
102
102
99% 100
99%
1951
w w
1st 5s
66%
*85 %
A-O
JASeaboard All Fla 6s A ctfs__ ___1935
A 6s
101%
82
46%
125
64 »/4
85%
67
38
63%
J-D
deposit—
of
Certificates
A
4%s
1st & ref 5s
& Light
Virginia Pub Serv
39%
19%
79 %
96
M-N
561
50
35
—1952
J § A Atl & Birm 1st gtd 4s
103
1957
Va
38 y4
20
33
35%
35
AT43
63%
series A
6s
cons
101%
102%
1st mtge 3%s—1^72
Va & Southwest 1st gtd 5s
2003
/ 1st cons 5s____.
—1958
Virginian Ry 3%s series A
1966
39 %"
J-J
deposit—
-
s
A Ref
of
99%
*99%
*101% 101%
—
Power
Va Elec
,
Certificates
102
*101
—
Cons
35%
34%
J-J
31
J-J
Paul E Gr Trk 1st 4Vis——1947
gtd 4Vis
1941
St Paul Union Depot 3%s B—.—1971
Schenley Distillers 4s s f deb
1952
Scioto V & N E 1st gtd 4s
1989
A
104
101%
M-N
Vandalia RR cons g 4s series A—1955
33
34%
1989
AAdjustment 5s—
SARefunding 4s_—
98%
M-N
u
2.65s
36%
31%
Nov 1989
gold 4s unstamped.—
100%
94%
May 1 1950
2.35s
81
19
83
31%
J-J
35'/a
gold stamped—
107
17
86
98
1 ASt
§Alst
106%
-
100%
100
103% 104
73 Va
97%
t§ASt P & K C Sh L
§A4s
*106%
103%
91%
1990
gold 4s_1968
Paul & Duluth 1st cons
109%
92
91 Vi
97%
1978
5 A 1st term & unifying 5s
AGen & ref gold 5s series A
St
103%
106%
M-N
-1
Utah Lt & Trac
72%
1950
JSt Louis-Southwestern Ry—
1st 4s bond certificates
A2d 4s wc bond ctfs
103
07%
-Nov
i
United Stockyards
91%
Certif icates of deposit stpd
A
109%
97%
1 1943
Nov
——
2.20s
66
31%
M 4Vis series A
ACons
107%
8
11
1 1949
Nov
—
—
2.15s
Utah
deposit—
of
Certificates
A
42
107%
55%
Af-3
-1950
5s series B
lien
A Prior
103%
-May 1 1949
2.10s
103%
j-7
-1955
$ ASt L-San Fr pr lien 4s A
A Certificates of
deposit
100%
Steel Corp—
States
2.40s
107
,
(Del) 5s
J RR & Canal gen 4s
1.125s
*61
M-N
13%
105
103
Serial debentures
14
99
13
__
112%
9%
13
M-S
13%
*66
A-O
110%
—
112% 112%
112%
M-S
35 y4
9
-1948
stpd
L Rocky Mt & P 5s
*106%
J-J
1077/a
A-O
United
47%
-1959
5s__
St L Pub Serv
St
J-J
105%
109%
1953
2.60s
St
117
103% 103%
United Cigar-Whelan Stores 5s.
.
2.50s
Saguenay Pwr Ltd 1st M 4Vis—
St Jos & Grand Island 1st 4s___ _1947
,
117
*107%
A-O
108% 108%
35
103% 103%
98
102 y2
*116% 117
J-D
2.55s
A-O
98
91
100%
*12
1980
mtge 3%s series A
2.45s
-1966
87 Vb
17
124 Vb
12
13%
1
108% 108%
U N
145
12%
23
103%
_1970
2.05s
2
33
32
20
97%
103
81%
27
124%
108% 108%
97%
96%
108%
grant 4s—
3%s deb
;—.
—
108 %
97
102% 102%
97%
A-O
M-S
M-S
37%
*104% 105
—__1955
102
66
10
78%
41
21%
M-N
Ref
101%
M-S
647
J-J
land
&
1st
104%
787/a
A-O
36%
Pacific RR—
34-year
104%
*124%
J-J
76
33%
1947
debentures
105%
101%
102
62%
36
United Drug Co
101%
103%
18
101
J-D
84
36
1967
105
104%
104
104 %
84%
108%
74%
F-A
J-J
v.'
847/a
73%
A-O
(Chic) 5s
of Calif 3s deb
35-year 3V2s deb
101 y2 101%
Af-N
103%
1945
94%
102%
34
M-N
10
1959
94%
78
32
96%
108% 108%
Af-N
Union
78%
183
93%
67%
U
98
88%
21
A-O
67%
42
1971
3s
J-J
83
83%
113
73%
112
106
R
1951
83%
82%
1953
t§AUnion Elec Ry
4%s series B
82%
High
68
108%
221%
109 7/8
104%
10
105 %
105
66
deb A
-
5s—1949
1st gold
Elec
&
Tri-Cont Corp 5s conv
110%
*my4112
__
84%
148%
220
*148y2
J-D
84
107%
145%
'
J-J
,
101%
Union Electric Co of Mo 3%s
130
106%
--
107%
Gas
1st gold 4s__1946
& Buff
Ham
Trenton
93'/a
1st 4s_-,_—1950
Louis & West
St
Toronto
20%
91
Low
114%
J-D
A-O
J-D
Af-S
J-J 1;
3%s__1960
Tol & Ohio Cent ref & impt
99%
'7
■:
19%
J-J
1st ref 4s
High
*113
—
:
Tol
M-N
5s
No.
84
J-J
A-O
1980
Union Oil
Gen & ref
1960
Jan 1960
series D
1951
Reading Co Jersey Cent coll 4s
Gen & ref 4%s series A—
—1964
ref 5s series C
ref
Range Since
January 1
Sold
82%
J-D
M-S
&
ref 5s series B
&
.Gen
1st gold 5s
Bonds
Friday's
82%
J-D
A-O
A-O
&
*111%
—1957
i A Providence Terminal 4s_;
—1956
Public Service El & Gas 3%s
—1968
1st <K ret mtge 3s
—
1972
1st & re! mtge 5s—
—2037
1st & ref mtge 8s
—2037
Public Service of Nor 111 3l/aS—1968
Purity Bakeries s f deb 5s„
-1948
119%
Texas & Pacific
'
F-A
t A Providence Securities 4s
118%
—
or
High
108%
Gen
*119V2
Week's Range
Last
Sale Price Bid & Asked
Low
Gen
—
1977
mortgage 3 Vis.;
Pressed Steel Car deb 5s
Friday
Interest
Period
June 4
J-D
—1962
1974
:
C
series
■
.
■/': '
*107 %
F-A
5s
Low
107%
No.
High
Ended
Week
J-D
J-D
5s series B
January 1
Stock Exchange
York
New
Range Since
Sold
2000
1977
1979
& Ash 1st 4s ser A—1948
Pitts Young
Bonds
Friday's
Sale Price Bid & Asked
Period
4
BONDS
Week's Range
Friday
BONDS
New York
Monday, June 7; 1943
108%
41%
52
102%
104
Stand Oil of Calif 2%s debs
-1966
F-A
Standard Oil N J deb 3s
-1961
J-D
106%
106
106%
24
104%
J-J
105%
105% 105%
15
104%
101 Va
103%
95%
105%
102%
101%
38
111%
103%
24
105'/a
76
102% 103 '
106%
-1953
103%
—
103% 103%
1st mtge s f
2%
debenture
Studebaker Corp conv deb 6s____. -1945
J-J
Superior Oil 3%s debs
-1956
M-N
Swift & Co 2%s debs
-1961
M-N
110
107Vi 110
*i06y8
102%
'
—
102 % 102%
a
J-J
-1944
J-J
-1974
J-J
-1950
F-A
A-O
3s
T«xas
I
debentures
&
N
O
com
gold 5s
-1965
M-N
-1943
J-J
103
98%
98%
delivery sale not included in the year's range,
d Ex-interest,
e Odd-lot sale
n Under-the-rule sale not included in the year's range,
r Cash
99
not
sale
not included in the year's range.
F-A
-1953
.
Included in the year's range,
T
-1951
Deferred
3%s series D
125
125
125
15
112
112'%
*104
•
120
1
104% 104%
112
104
10
--
93
93%
40
106
106
106%
8
106%
106
~
*97%
106 3/a
__
40
125
105%
110%
'
113
103%
105
89
105%
93%
tThe price represented is the dollar quotation per
Accrued interest payable at the exchange rate of $4.8484.
§Negotlability impaired by maturity.
pound unit of bonds.
fCompanles reported as being in bankruptcy, receivership, or
the Bankruptcy Act,
or
105%
106%
100 Si
101%
•Friday's bid and asked prices; no sales being
ABonds selling flat.
reorganized under Section 77 of
securities assumed by such companies.
106 3/a
200-
transacted during current week.
.Volume 157
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4183
2129
NEW YORK CURB EXCHANGE
WEEKLY
NOTICE—Cash
In
footnote
in
In the
a
following extensive list
May
29,
the
and
ending
to include every
the
York
Week
Curb
Ended
; f
Friday
Exchange
June
Wire
Aero
Co
common
Supply Mfg class A
Class
1 h
B„
Investors
22
$6
:
Allied
Apr
Bohack
7;
(H C)
Jan
5%
Jan
5
Jan
8% May
Bourjois
4
4%
15,800
1%
Feb
3
200
1%
Jan
47/a May
3% May
Bowman-Biltmore
3
27%
Jan
34% May
.
—
2%
—
•
—
ft 20
93 %
Breeze
91%
108
Jan
102
Jun
110
——
Apr
110
Brill
Apr
—
(Mich)
—
25
—.
—
4%
4
26
—
1% May
—
25%
10
—
—
•
9
—
.
"
300
Apr
24%
7%
Feb
A
conv
25
common
24
29
May
6%
Industries
Aluminium
6%
•
common
Book
Box
American
Board
Co
class
B—i-i—....——
prior
American
American
Convertible
Class
class
Class
B
American
Gas
4% %
class
&
$2.50
Hard
11%
Jan
900
7%
Jan
5%
7,900
3%
Jan
2%
"5
"5
■J
--
Potash
Republics
Seal-Kap
73%'
American
Post
Common
class
A
Equipment
Metal
Ashland
Works
Oil
Jan
33
Jan
Xl06% 107%
35%
ft
37%
37%
/,ft
pfd
American
dep
&
Coast
Atlantic
Coast
Atlantic
Coast
Line
Atlantic
Rayon
24
57%
ft'.
11%
Jan
88
>18
Co
300
16%
4,300
Jan
57%
11%
May
Jan
96%
2%
Jan
16% May
3%
4%
Jan
4
1,200
r
105% 106%
4%
5%
2%
Jan
5
2
Jan
Jan
8%
Jan
Corp
Products
Voting
97%
Jan
106%
Jun
1%
Jan
5%
Jun
:
111,200
9%
2,100
8%
Jan
10%
20
88%
Apr
92
20%
3,300
10%
Jan
20%
9%
9%
300
5%
Jan
6%
6%
1,700
4%
Jan
12%
6%
Jan
7%
__
1%
•
& Sons
7%
25
class
A
7
Jan
6
"
1%
'
109
514
"
6'/a
5%
300
2%
7%
21%
18'/a
21%
Purchase
Baldwin
80%
—• ft- 24%
80%
$1.20
Basic
Seelig
6V4
common
7% May
A May
Feb
1 '/a
Feb
A
1%
(L)
80
Feb
May
Brummell
Beaunit
$1.50
Beech
Mills Inc
Jan
40 %
May
Jan
6% Mar
Jan
2% May
8% Apr
6
Jan
Jan
5% May
5% Apr
4'A
Jan
Feb
21%
Aircraft
Bellanca
Tel
Benson
Corp—
Aircraft
of
-
&
Hedges
40%
Jan
Jan
81% May
7% Mar
*
24
26
4,000
$3
(E W)
common
common
19%
Jan
26
2%
Jan
29%
Jan
39
7%
600
3%
Jan
2%
2%
3,100
%
Jan
13%
50
5%
5%
1,200
11%
13%
1,000
22%
25
1
—
__
common
5
500
1%
Jan
6%
3Va
3%
1,500
1%
Jan
25%7 27%
."'7:150
23%
Feb
27 Va
3 Vo
Jan
4%
3
Jan
3%
—
7.7;
__
414
"2%
7
4%
"2%
~2%
12
1
•
200
12
13,600
9%
22
6
37/a
112% 112%
112%
107
•
7-
107
—
Mar
16 %
1
16%
13%
Products
Castle
(A
M)
44
% May
Jan
112% May
Jan
107
V/b Jan
13,800
'
Jan
106%
7
Jun
16%
Feb
8
"
May
6%
Jan
"12%
Jun
Jan
19%
2%
Jan
4%
Apr
Feb
6
700
Jan
"
of
America
Gas
Central Maine Power 7%
Central &
York
&
South
A'rcraft
Chamberlin
Proaucts."
Light 7%
West
4,300
9%
9%
300
114% 114%
7*7 10
90
110
92
"
pfd
50c
1%
1%
1
9%
9%
A
Jan
7%
Jan
•4%
"6%
10
5
common
Jan
100
47/a
97/a
Jan
5
82
4
7
Chief
80
84%
600
64%
Jan
84%
Jun
7%
550
5 Va
Jan
7%
Jun
1,100
1
Childs Co preferred
-100
Cities Service common—
7% May
12 Va May
150
ft ..e %
Chicago Flexible Shaft Co
Chicago Rivet & Mach
Mining
Feb
1% May
10% May
f 6% May
100% 100%
__25
Consolidated
Apr
9% Mar
Jan
■—
6%
6%
•
W—;';
93
106
Apr
1,500
Weather Strip Co—5
Corp common
Jan
Jan
3,300
1%
10
9% May
114% Jun
84% Jan
102
100
Utilities
114%
7%
1
Co
Metal
4%
•
com
preferred_100
5% pfd
100
Power
Steel
4
4%
1
Elec
&
Jun
15%
12%
ll7/a
12%
10
-
Mar
102
V
♦
Co
&
Mar
23% May
7% Apr
10
1
common
13%
10
■
common
Casco
Charis
Jun
Jun
2% May
Jan
Mar
38 %
..*
Light $7 preferred—*
Co
(J W)
Cessna
Feb
Apr
3% Mar
^ Jan
25
♦
common
—10
$6
82
vt 6%
800
Jan
103
May
•ft Jan
% May
Mar
24Va May
9
18
16%
19
17%
16%
18%
95
94
98%
5,200
51%
Jan
98 %
Jun
10%
«
preferred
60c
•
preferred B„_—
11%
2,500
4%
Jan
11%
Jun
91
96 Va
90
48
Jan
96%
76
Jan
90
73
Apr
87
ft
May
May
7% May
Apr
3%
9%
Jan
4
Jan
6
Apr
1% May
13% Jun
Jan
33
Feb
7%
Jan
21% Mar
Mar
May
*
preferred BB
Cities
31,300
3% Jan
18% May
Service
&
P
L
$7
preferred.
•
96
*
■
Jun
May
'
$6
*
preferred
*
...10
Co
1
Neon
Lights Inc
Clayton & Lambert Mfg
Electric
Cleveland Tractor
Clinchfield
Club
Coal
Aluminum
Cockshutt
Colon
6%
&
Utensil
Plow
Co
Development
5%
Apr
Colt's
Jun
Columbia
23
Jan
Patent
900
11%
11%
100
6
Jan
13 Va
Apr
11
11
200
7%
Jan
11
Jun
&
1,000
•
•■■■■-_
11
...
——
6%
warrants
Mar
2%
Mar
8
Apr
9 % May
1%
Jan
Apr
Mar
6 Va May
6,600
100
4
Jan
5
7
700
37/a
Feb
7 Va
May
6,000
1 Va
Jan
3%
Apr
-25
51%
51%
53 Va
800
.100
Arms
Feb
6.Va
,
*3%
3
3%
Apr
4%
5%
4%
7
5%
8
.
>;'•/.
'
5%
.
7 34
2
——
■
5% Apr
28% May
8
■
*
1
Fire
Gas
30%
30%
f,1
preference
% May
H
ordinary
Iron
Jan
30%
"
*
*
Airlines
7
Apr
17% Mar
Jan
%
%
•
Co
common—
May
8% May
Jan
Feb
13
-100
preferred
Colorado Fuel &
5%
Corp
4%
6%
%
*
common
Va
.''
4
„
Illuminating
700
■iU
8
7%
8Va
*v
—
—1
Rosenberger Inc
Colonial
'
-mr
Controller
13%
■
V
•
$6
47%
44%
48%
1,570
ft
58,700
Apr
47% May
55%
Feb
Jan
487/a
Jun
Electric—
—
8%
Feb
15
% May
800
3V8
Jan
5
Mar
100
115%
Jan
136
Apr
Community
Jan
45
Jan
35%
Jan
42
Jan
%
Jan
24
Compo Shoe Machinery—
39%
H
9
6
6
2%
Jan
5%
•
:
7,000
~9
14%
•
Apr
37/a
5%
25
A
4%
%
1
page 2133.
Co
Corp
Carter
Apr
3%
Apr
Apr
1%
5
preferred
Carrier
1%
i7ff Jan
■fy Jan
100
100
:
33
1
100
:
3%
•
15 Va
50
U
4,500
.
1
r
2% Apr
5% Mar
Alcohol—
3%
39%
;
lVa
% 7-; %.
10
Assn
14%
—
.7
1 Va
1
127% 127%
•
Corp common—
optional convertible preferredsee
Jun
7
850
39
7,400
22%
3%
•
Ridge
For footnotes
6%
13%
14%
Birdsboro Steel Fdy & Mach Co
com—1•
Blauner's common
•
Blue
6%
22%
1
Berkey & Gay Furniture
Bliss
$6
Clark
3%
'
100
-
preferred
Bickfords Inc
Carnation
21% May
5%
ftft 460
.
Jan
16
1
common
Canada
Convertible
10
>7 900
Jun
1%
51/2
20
1%
31% May
1% Jun
Apr
,
Carolina Power &
9% Mar
1
preferred—
1%
Apr
13% May
Jan
25
20
Chesebrough Mfg
Apr
Jan
100
common
convertible
93
•
Cherry-Burrell
3%
•
Ties Inc
16% May
Jan
£1
Ltd 6%% pfd
Foundry Ltd—
class
Jan
2%
13%
l
common
1st preferred
Beau
2%
5
Refractories Inc—
100
50o
Class B
Cohn
common
Jan
9%
100
111%
6%
7%
l
30%
600
Feb
City Auto Stamping
City & Suburban Homes
38
1
Steel
30%
600
>
Jan
Products
Co
&
Power
Feb
Mfg—
convertible
Baumann
Bell
Co
Stainless
&
13
Marconi
City
Ohio
16%
80%
—
Capital
New
15%
—
—.
Canadian
Carman
Cleveland
30
Rubber
Barium
Barlow
91
12%
50c
voting
Central
100
77: 200
'
non
Central
Jan
800
7%
—■
—
for common
warants
10%
82
Mar
Industries Ltd—
Hudson
3,400
7%*
__
B
Claude
preferred
Feb
10
-
4%
4%
Baldwin Locomotive—
7%
6%
Jan
Jan
preferred
Central
12%
Mar
%
400
4%
4%
7%
Jun
Jan
24,700
4
r
__
/ Class
9% May
6% May
4%
300
8
lftft—/
•
16 Va
89%
voting
Corp
B
Babcock & Wilcox Co
Jan
-
77/a
7/a
Power
Industrial
A
Catalin
28%
6%
2%
Jun
Apr
3%
ft/
V
6
7%
ft'
16,400
15 >
Corp
&
Mar
Apr
%
5%
com—10
Collieries
100
69%
5
common
preferred
Tobacco
7%
-./it
—
—
ft--
May
May
25
pfd—.
Insurance
Car
Central
:1,
2%
Machine
2
17
2%
participating preferred
Class
Jun
460
19
__
1
Automatic
>900
91
1%
Cement Co
Canadian
Mar
May
2% Jan
91 %
6
■
5
13%
9%
.20%
•
Automatic
ft
30,600
5"%
4%
Jun
May
90%
9%
„
1%
Jun
Jan
Fire
Canada
5% May
1%
50
Atlas
Apr
Jan
Jan
25o
dep rets 5%
Electric
Canadian
Jun
Jan
Jan
60
800
5
Apr
_12%o
certificates
Tungsten
Camden
24% May
3*2
—
4%
Callite
Jun
5%
1,400
1
9%
16
rets
Sugar Estate..
Canadian
4%
1
Feb
18
105
A
2,200
Wireless—
California
May
Jan
17,600
13"%
"
1%
9%
•
common
trust
&
Calamba
39% May
Jan
Jan
45
25
96%
'
■
—
<
14
Jan
Jan
80
-5
9%
2.50
preferred
A)
American
Apr
20%
17,400
"%
,'15
4%
£1
Jan
14 %
1%-
•
Sullivan
&
$3
(P
Voting
Apr
%
•
Corp
Patoka
25
10,100
ftft 500.
4%
Atlas Corp warrants
Atlas Drop Forge common
Axton-Fisher
25
jg
96%
15%
,
..*
Fisheries
(B F)
26%
37
j[|
—
RR Co pfd—100
preferred
100
Light 6%
Plywcod
.7 17 Va
Feb
10%
5%
reg
Jun
3% May
3% Mar
Mar
5%
30
V
25
preferred
Inc
Cables
Jun
2%
•
Birm
Jan
200
57%
K
11
*
Atlanta Gas
13
25%
1,600
23%
106%
Tel class A
500
*
Cable Electric Products common
27% Mar
Industries—
rects
1%
12
*
Corp Am dep
Burry Biscuit Corp
Mar
Jan
16%
%.
V 24
41
20%
12%
Associated Laundries of America
Mills Ltd
Hill
Butler
May
300
13"%
Associated
15
Feb
Jun
6
23%
80
•
Canada
Jan
5
preferred
1st
Burco
36% Mar
Jan
26%
%
107%
13%
15"%
37
1
15% Mar
11%
Niagara & East Power—
Burma
Jun
1,400
—
Y
1
Tel &
25
26%
> i
100
common
of
275
4%
__
Refining Co
&
6
34%
16
5
Electric
Ayrshire
Jan
27
1
common
Breweries
6%
Jan
3V8
28%
26
•
Corp
Associated
Avery
93 Va
•
non-voting
Associated
Atlanta
ftft 500
,1,400
—
6%
preferred
10
Arkansas Power & Light $7 preferred-*
Art
Jan
•
common
Angostura-Wupperman
Apex-Elec Mfg Co common
Appalachian Elec Pwr 4%%
Aro
10,300
19%
,
5
12%'Jan
17% May
27% May
200
27
2
Gas
^an
2
Fence
Arkansas Natural
iff
17
26%.
•
Writing Paper
$5
Bunker
Jan
100
preferred
common
common
Jun
12
16%
—.v/ft
•
Co
Jun
Bruck Silk
3% May
20
rm
Thread h%
1%
(E L)
35
44%
23 %
$6 series preferred
American
1
Rubber Co
Bruce
39
Jan
22%
10
Jun
600
97%
Jan
Apr
3%.
2%
97%
Jan
Jan
22 %
Chemical
Jan
18%
100
97%
15%
%
25
common
31
Jan
100
v£
15
•
15%
36%
7 15
1
Buckeye Pipe Line
12,400
C
j.::
•
Jan
14%
10a
preferred
Buffalo
30,500
May
12'/a May
200
14%
Feb
2'A
Apr
75
1%
—
£1
14
Jun
44%
5%
1
15%
l7/a
Jan
10 Va Mar
30%
14
8%
1%
106%
25
18%
15%
5% May
82'/a May
7% May
44 Va
-r'
*
83%
39%
v
25
—
18%
Jan
Jan
ft Feb
150
1
25
400
Mar
Jan
2%
200
--
—
1,000
74
preferred
Jan
43%
1
Co
preferred
A
Brown
3% May
39% Mar
Superpower Corp common—*
$6
$6
Jun
7%
2
—
Forman Distillers
Jan
37 Va
26%
Co
&
Class
Brown
Jun
Jun
12% May
61
4,200,
7%
1%
1%
74
£1
reg
dep rets ord reg
Jan
2%
"5%
;
w
6%
•
Brown Fence & Wire common—,
% May
21
t
Ltd—
7
12%
/
100
American
Celanese
5%
8%
2%
ord
rets
,1,400
1,250
39
_1
-
American
American
4,700
82
7%
10c
common
Maracaibo
.
i: 7 500
35
preferred
Co
400
9,500
25
34
American Meter Co——
Anchor
2
Jan
36
100
Rubber
Mfg
Preferred
1st
Jan
%
"
%
>
10
Laundry Mach
American Light & Trac common
6%
preferred
American
%
2
%
7,100
•
dep
Amer
8% May
34
•
American
American
Jan
37%
common
Corp common
preferred
convertible
American
4%
■
10
General
American
100
Mar
11%
-
5Va
•
dep rects ord bearer
Am
British
Mar
2
Tobacco—>
Am
1% May
33
2%
A
Electric
convertible
American
7%
.
23
10
Hoe
Mar
Jan
Jan
Jan
21
100
;
common
A
$1.60
preferred
American
$2
&
108
iff
25
non-voting
Fork
Jan
103%
1%
—
Foreign Power warrants
American
Mar
20%
ft
1
American
120
20
8%
Class B
Cyanamid
Jan
Feb
Apr
%
-
11
♦
Oil Co
;
Light—
A
A
American
Apr
300
2
•
&
10%
i%
1
Power
Jan
ft 86
Mar
%
9
20%
5%
♦
A
British
Apr
29%
25
Cities
1,100
700
—
Jun
,
7%
•
Mfg
16%
7%
Jan
11
•
Co
28% May
2%
20%
B
Mfg
Class
112% May
Jan
1%
10c
preferred--'
Central
128
Jan
13%
29%
1
preferred
$5.50
—
29%
Capital class A common__10c
Common
103% 106%
1 iV/
common
Jan
106%
•
100
1,200
1%
Jan
Jan
ft Jan
Mar
6
104%
100
.
105%
1,700
1,100
16%
—
•
common
Co
117
16%
100
Beverage
American
114-
111% 112%
*
Ltd-common
American
$3
Mfg
preferred
American
116
111%
100
Goods
Aluminum
•
•
common
preferred
7%
May
9% May
78 Va May
Apr
•
British American
Aluminum
6
6 Va
—
Class
Aluminum Co
23
100
1%
1
preferred
Brillo
May
28% Mar
Feb
50
100
Feb
46
27%
14
"
100
class
3 '/a
120
1
Machine
Corp
600
Jan
*
Bridgeport Gas Light Co
Class
*
pfd
conv
Lgt & Pwr
Aeronautical
"—1.
"
6
7%
7%
% '■
%
7%
*
Traction
9%
27%
%
100
800
75
•
Preferred
—
9%
•
25
Corp common
Bridgeport
v
Range Since January 1
Low
y
13%
74%
common
preferred
Brazilian
May
May
W*,
Shares
High
13%
100
:
Co
preferred
Brewster
* Jan
102
—
2d
13 Va
•
Inc
Mar
3
Jan
preferred
1st
$5
1
common
Investment
Products
—
101% 102
—
1%
A May
Jan
1st
Borne Scrymser
Apr
-
100
Inc
1%
1,100
7%
5% May
8%
1/64 Mar A
2,000
3
72
•
Investing $3
&
>;•
2%
shown
for Week
of Prices
Low
*
Co common
4%
'
are
Sales
Range
Sale Price
& Co
400
50
Power Co $7 preferred
Intl
7
(S)
2,400
&
Fisher
&
Feb
Blumenthal
21%
20%
*
Week's
Last
,
4
Par
Jun
8%
4'/e
selling outside the regular weekly range
Friday
Exchange
June
High
22
5,;:v; 5%
3
.
Southern
preferred
A lies
:
Feb
7%
10
preferred
Allied
?:
Curb
Ended
5
1
preferred
Great
Alliance
17
,
York
Week
8%
2
Allegheny Ludlum Steel—
7%
Low
180
ft
:
50c
common
Air-Way Electric Appliance
Alabama
Range Since January 1
High
21
Warrants
Alabama
New
Shares
1
Convertible
■;
21%
when
STOCKS
tor Week
5
Ainsworth Mfg common.i,
Air Associates Inc (NJ)
Aircraft Accessories Corp
Air
Sales
*
of Prices
Low
10 >-
;
or
Range
Sale Price
RECORD
a
Week's
Last
4
YEARLY
they are the only transactions of the week, and
computing the range for the year.
complete record of the transactions ontthe New York Curb Exchange for the week
beginning on Saturday,
(June 4, 1943).
It is compiled entirely from the daily reports of the Curb Exchange
itself, and is intended
bond, in which any dealings have occurred during the current year.
Friday
present
Par
Acme
furnish
we
security, whether stock
STOCKS
New
AND
deferred delivery sales are disregarded in the week's range unless
week in which they occur.
No account is taken of such sales in
and
14%
2%
42%
Commonwealth
Community
18 May
V
t
Conn
c
Gas
&
12%
Apr
100
6
Jan
10
Apr
Consolidated
6
100
3%
Jan
Apr
Consol G
14%
2,900
10%
Jan
2%
2,500
11
Jan
3
May
200
38%
Jan
45
Feb
6%
16% Mar
$3
Water
extended
~9
43
warrants—25
Service
1
10 Vs
Mar
Jan
21%
Jun
%
200
ft
Jan
1%
10 Va
%
ft
250
%
21%
1
21%
10%
250
7%
Jan
iV
Service
ft
20
1/64 Jan
14
'
9% Mar
•
Southern
&
Public
to
1946
Coke Secur
common—
4%%
Biscuit
E L P Bait
series B
1
Co
%
2%
Jan
61%
61%
.100
preferred
400
61%
2,500
56%
Jan
—
*
common
Jan
4%
"
"
•
120
-
118% 120 Va
*
4%
preferred series C
Consolidated
Gas
Utilities
-100
—
1
*.
-.V'
4%
•
130
109% 109 %
20
4%
3,000
4 Va
Apr
Mar
% May
Apr
26%
4%
•
•
preferred
II
27%
Jan
5
111
Jan
May
62% May
120 Va Jun
103%
Jan
110
2
Jan
4%
May
Jun
THE COMMERCIAL &
2130
Ended
Week
Retail Stores
38%
38%
38%
125
5%
5%
5%
900
Mining & Smelt Ltd
Consolidated
5
—1
Consolidated
Steel
10 %
300
1%
Jan
10 Vb
1,100
5%
Jan
Jan
90%
92
210
...1
137/B
13%
14%
700
~7%
2*y8
•
".V
2%
2%
2%
2%
..50
2iy4
21%
41
1,300
4%
Jan
1,200
ia
Jan
3%
%
Jan
2% May
Jan
3% May
2,300
C
Crowley Milner & Co
Crown Cent Petrol
(Md)
"
Jan
10%
Jan
3?2
Jan
Sugar.
Tobacco
Curtis
Lighting
Curtis
Mfg Co
Jan
B_.
3%
400
2%
6% Mar
8%
200
1%
1%
1,300
22%
22%
25
May
8%
Jan
2
19% Jan
Jun
24
}a
May
,
Feb
39,400
Non-voting
Jan
109%
Jun
Jan
90Va
Apr
;
9%
4%
200
~5%
Apr
Jun
Great
3%
Apr
2
May
May
12%
Jan
18%
150
26%
Jan
36
5%
Jan
12%
%
~3%
~3%
Mar
Oil Corp.—
States
4
Apr
49% Apr
22%
Jan
27%
Apr
Jan
5%
Apr
3%
250
7%
X6%
Feb
3%
1,300
Jan
7% May
"
450
27%
Jan
36
8»/4
1,300
5%
Jan
10
Jan
47'a May
37%
Jan
49% May
10
102%
Jan
20
107% Mar-
7%
v
1
47
47%
48%
-
_»
113
6,900
108% 108%
*•
pfd
May
1%
8;
25
.
82
138% May
34%
33
34%
/25c
common.
Utilities $5.50
67% Mar
275
82
127% Mar
..25
—
preferred..
Gypsum Lime & Alabastine
80%
80%
_*_._—
$6
D
Jun
Mar
Vj May
Jan
27
20
27%
27%
•
Gulf
Apr
Jan
1%
100
49
32
5,400
Apr
108
Jan
96
40
102
TOO
m,
Paper.—.—
Gulf
10
Mar
May
2,000
12%
48%
49
stock..
& Die.
Stores Products
Grocery
13
;
Greenfield Tap
Northern
6% Mar
Feb
4,000
i7%
Apr
50%
Apr
1
preferred
1st
7%
15%
21%
Feb
9% May
Jan
Jan
4%
200
36
a7a
5
common
Feb
9
5
100
Pacific Tea—
&
Atlantic
Great
Apr
Feb
2
~_~2~50
100
102
102
*•
10
Co—L——
Mfg
Gray
11
1%
common
Apr
109%
10%
...—
Varnish
Grand Rapids
6
21%
18%
21%
5
39%
35%
12%
—1
50
Co
6% May:
Jan
;i6%
17%
——*
preferred
—
Gorham Mfg common....
Jun
112
31
11
*
Mines.
class A
Jan
25
1%
•
1%
Jan
%
100
1
Mfg
Goodman
Gorham Inc
Jan
3%
37%
9
*
preferred
Consolidated
$7
Jan
103%
89%
*
class A———
—
Goldfield
52%
30
*
....—
Godchaux Sugars
74%.-Jun
170
6%.
109
*
Coal
May
2% May
200
74%
37%
■
Co
Alden
May
2
45
Gladding McBean & Co.—...—...
Glen
62
Jan
%
4% Mar
4
IIIIo
Inc common
(Mo)
4
3%
1
Jan
{J May
Jan
3%
8%
...
10%
1%
3%
*
Cuban
Preferred
1,100
5%
common..——
$3
25
convertible preferred
Crystal Oil Refining common
$6
preferred
Atlantic
15%
200
400
•
f#
Cuban
(A C)
Gilchrist
7% May
1,700
-250
Drug Co common.
Crown
23% May
24 % Mar
4
ills
International A.
Cork
10%
iV
»
Crown
23
10%
1
Co.—
Brewing
Apr
A
Jan
5,700
21%
23
Liquidating Co..—
W
Croft
.
preferred
$5
Gilbert
77/a May
13% Jan
5%
...S
Petroleum
Creole
Apr
Class
receipts (ord reg)...£1
dep
79
2,300
250
22
preferred
2%
109% 112
*
•
*
J
preferred
$3
Georgia Power $6
Jan
Va May
100
73
74%
*88% May
]§ Jan
Water Gas & Electric
1%
2%
109%
15% Mar
Jan
Courtaulds Ltd—
American
10% May
Jan
20
88
88
88
"ii
preferred
convertible
5%
7%
%
1
...
common...
...—*
A—100
common—1
convertible preferred.'
& Rubber 6% pfd
$6
Gen
Apr
61
2%
15% Mar
8%
1,100
13
7
—5c
...
Petroleum
Jan
Jan
37%
12%
12 %
Reynolds..
&
preferred A.
$6
9%
9
Copper Range Co__.
Cornucopia Gold Mines
Cosden
76
Jun
Jan
74
30
40
1%
Co
Rayon
High
Low
61%-
61
A stock—
.*
General Shareholdings Corp com——1
General
General Tire
S2
Cooper-Bessemer common
$3 prior preference*..
Service $6
Public
General
1
Range Since January
Shares
High
Low
pfd.,.
100
preferred..*
General Outdoor Adv 6%
10% Mry
92
Cook Paint & Varnish Co.—.
Corroon
2% May
2%
.100
& Steel
Continental Roll
Jan
107
9%
10
Corp—
preferred
prior
Jan
2%
Continental Gas & Electric Co
7%
5% May
Sales
for Week
Range
of Prices
Sale Price
Par
Mar
41
Jan
3%
Last
Exchange
June 4
Ended
Week
High
•
Jan
31
107
.100
preferred
:—*
Consolidated Royalty Oil
8 %
Consolidated
LOW
High
Low
Par
Curb
York
New
Range Since January 1
Shares
of Prices
Sale Price
4
June
for Week
Week's
Friday
STOCKS
Sales
Range
Last
Exchange
Curb
Week's
Friday
STOCKS
York
New
Monday, June 7, 1943
FINANCIAL CHRONICLE
—.*—
113
5%
5%
X6%
6%
300
Apr
Jun
108 Va
114
May
5% Jun
4% Mar
25
Mar
,
"
Petroleum
Darby
$6
prior preferred
debenture
Gasket
Gray
Detroit
Co
1
100
20
■■
■
•
25
9
9
5%
5%
1,000
100
9
Apr
19%
Apr
¥r
''
-
8%
1,000.
8%
69%
75
69%
150
30
29
:—
class B
•
common
•
Jan
19% May
Jun
10% Mar
2%
«
•
•
200
2%
9
Jun
9% May
3%
Jan
57%
Jun
9% May
Jan
5%
Jan
7%
21 Va
Jan
Jan
8% Feb
56%
Jan
69%
24
Jan
30
May
Jan
76
Apr
Jan
4
Mar
.
Jun
2% May
1% Jan
11%
Jan
8
'V
Hall
Apr
Co.*.
Lamp
Hartford
Hartford
Harvard
Paper
Co
common—
Preferred
Co
Fuel Assoc common...
&
$5
$6
& Share
Bond
Electric
preferred
preferred
Electrographic
Inc
24
100
10%
Jan
24% May
23
1,175
10%
Jan
31 %
Jan
42
39%
41
/
6%
5%
~7%
~8%
60
66
28%
1%
1%
*8%
Co
(AC)
Horn
& Hardart Baking
3,100
2%
.*
Oil
&
Hummel-Ross
Refining—;——
Fibre
Corp
Co—.i—
Huyler's common...
.*■
V t c for 1st preferred...*—.
7%
10Q
50
4,000
V 5%
Div
Power
Iowa
Illinois
4%
Feb
96
May
34
May
Jan
A Jan
Motor
dep
Amer
of
1,000
22 %
Jan
5%
2,400
2%
Jan
25%
Jan
30
Jan
17% May
16%
300
7
35
May
5%
■
Jun
Mar
10% Mar
Foundation
Common
10%
10%
1.200
16%
16
17%
1,100
6
600
7%
10
Mar
10% May
18% May
Jan
Jan
6
3% Jan
Jun
Jun
67
66%
67 "
60
57%
Jan
67
93%
93%
93%
100
81%
Jan
7%
(Peter)
5%
5%
5%
1,600
3 %
6
Jan
22
700
225
15%
16%
20%
Jan
22
Jan
1% Mar
12%
10c
1%
Apr
Jun
Jan
■
2
May
23% May
21
5
1
1
15
1
.•
100
Co
Feb
3% May
13% May
1
,*
Brewing Co—_**
21
100
15
11%
5%
Gellman
General
Gen
Power
Co
21
100
22
22
100
14
14%
300
Mfg Co common.
Jan
19%
Jan
22
9
Jan
15
Mar
Jan
44
Apr
Jan
Jun
61% Mar
Amer dep
$3.50
5%
preferred series A
Gas
&
Elec
2
2,400
%
80
For footnotes
see
page
2133.
*
7%
15
14%
98
3%
Jan
7%
Jun
Jun
—10
International Safety Razor B
International Utility class A——..
■/
prior
Interstate
Investors
7%
150
15
1,500
100
30
4%
Jan
38%
3
Jan
9%
450
Apr
Apr
Apr
Jan
9%
Jan
10%
Jan
1%
31
%
Jan
1% Mar
,24% Mar
; 20
400
1%
82%:
15%
10
27% May
Jan
91
20
20%
80
Feb
20
24%
20%
1%
82%
Jan
21% May
105 % Jun
20 Va
24%
May
50
15%
Jan
1,100
69%
Feb
82%
400
12%
Jan
15% May
11% May
Jun
10%
1,600
2% Jan
4%
4%
4%
3/200
1%
Jan
8%
Jan
13% May
16%
16 VB
16%
3,300
13%
Jan
17%
Apr
16%
16%
100
14
Jan
17%
Apr
9%
1,900
Jan
9%
Jun
1%
40(?
8V2
8%
I 200
12,100
3%
iff
7Va
10%
~9%
8%_
0
7 ie
18%
18%
18%
39
39%
6%
Va Mar
250
:
Jan
,Y Jan
100
—
—..—
Jun
Jun
Apr
Jan
1%
Jan
%
300
%
May
Feb
22
Feb
4%
Apr
Va Mar
Mar
375
14%
Jan
19
1,000
7%
Jan
10%
3,100
'
Va
Jan
2%
Jan
1
Jan
66
Jan
78%
Apr
Jan
86Va
Apr
Apr
17%-
18
10 %
10%
%
1%
4%
4%
5
2,£>00
2
2Vb
1,000
y4
A
.
3%
200
l7.{
io
8%
42%
Feb
;• %
II
1% May
Jan
32
2 Va May
*
trust ctfs..
,
May
19
4%
Irving Air Chute—...——
5
Jan
21%
_1
A
6% May
9%
.1
Equipment—.:—
Hosiery Mills—..—....
Power $7 preferred
Italian Superpower
Apr
1234
12%
39 V4
preferred
Royalty
Jan
400
10%
%
Home
Iron Fireman Mfg voting
16Va
1,100
12
Apr
8 % May
Jan
10
800
12%
104% 105%
'8%
preferred...—,
$3.50
Interstate
Jan
25
16%
B.————,———
Class
1
1,600
.
Jacobs
(FL)
Co
Jeanrtette Glass
*
Co**.'
Jersey Central Pwr & Lt
6%
1
—
Apr
1 % May
...100
100
1% May
Jan
Jan
7%
Feb
13% Jan
90
Apr
"
"
5% Mar
2% Mar
74'%
25
85
20
69
20
79
Jan
97
13%
Jan
17% May
115%
Jan
6%
85
74%
84%
5%% pfd_.100
preferred*—
preferred———
A.
Jan
5 Va
Jan
93%
(
93%
*
%
K
Jun
Jan
97/a
1
•
Jun
4,500
10
May
2
2
£1
10
$6 preferred B
Jun
4%
7% Mar
Jan
Jan
1
•
1
rets ord reg
22%
Jan
7,400
11%
_•
shares—.—
International Products new.
Registered
Kansas Gas &
Kennedy's
General Fireproofing common
Gen
7% Mar
Electric Co Ltd—
General Finance Corp common
Apr
Jan
1
8%
14%
11%
14% May
2%
68%
1%
4%
Apr
't%
50
series...
1
Industries Inc.—_
...*
International Metal Industries A
shs_.*
International Petroleum coupon
7%
;
;
2
4% Mar
45
100
Alloys CO
Jan
Jun
Mar
29
3%
•
common
preferred
7% May
38
v
14%
1
10
Julian & Kokenge Co—
Gatineau
5%
Mar
15
11% Mar
3%
Apr
Jan
iff
3,600
14%
—100
preferred———
Co of North AmericaInternational Cigar Machine—
International Hydro Electric7%
Insurance
$1.75
May
Indus Engineer—
Distilling.
Froedtert Grain & Malt common
Conv participating preferred
Fuller (Geo A) Co
$3 conv stock.
—_*
A% convertible preferred
Franklin
20%
•
——
'78
Jun
Apr
2,100
100
preferred
Industrial Finance v t c common
93% May
bearer..—
$1.50 preferred
Fox
10%
3
France—
rets
Apr
Jan
20%
5% Mar
£1
—
Interstate
Worth Stock Yards
Fort
Mar
27 Va
113
3
100
7%
4■
14%
•
—.
1% May
34%
15%
Co
Indianapolis P & L 5%% preferred.100
Indiana Service 6% preferred...—100
12% May
6%
6,100
29%
Zinc
Ireland
9% May
Jan
Mar
Motor
Ford
Jan
105
Jan
60
400
8%
Jun
1%
21
Apr
.3% May
Feb
14?a
2,700
1%
7%
30
1%
22
23 %
100
4%
'•'
37%
Jan
26
Motor Co Ltd—
voting.:
3% May
100
425
7%
.
4%'
Apr
Jan
B
Mar
400
37%
8
Jan
Class
34
4%
Go—...——*
—50
convertible preierred
arrear certificates—
Feb
5%
1,500
28%
•
•
Jan
22%
7%
'
Registered ....
—*
Imperial Tobacco of Canada...
5
Imperial Tobacco of Great Britain &
1%
*
29%
3%
——5
Hydro-Electric Securities
Hygrade Food Products
Imperial Oil (Can) coupon,—
7%
non-voting...
Jan
160
3%
22
May
1,500
A
20
27
4%
2% May
3,100
Class
Feb
32
•
30
Jan
32
12%
19%
Apr
17
-
i
...
Jan
7
300
100
£1
10%
400
1%
300
2%
—
Jan
5,600
75
:::: i
Illinois
9%
rets ord reg
of Canada—
29% May
6%
6%
Imperial Chemical Industries—
Am dep rets regis—......——£1
2%
dep
May
15% Jan
11% May
8%
4%
Apr
9%
Am
21
1,400
20%
H—5
71
2%
Ford
700
15% May
24% Jun
*
Ligonier
Hussmann
65% May
9%
Ford
Jan
74'%
74%
Jan
11%
5%
11%
3%
6
Inc...——
(Harvey)
Jan
33%
.
100
20%
43%
9
i.
13% May
108%
42
30
•
Apr
Jan
...100
3,200
1%
& Airplane
Mar
27
103% Mar
1,800
1
Falstaff Brewing
1
Fansteel Metallurgical.
•
Fedders Mfg CO—.
5
Fire Association
(Phila)
10
Florida Power & Light $7 pre'erred
*
Engine
9
Jan
11 Va May
19%
,
26
9% May
1
Aviation
Jan
15%
32
Hardart
Preferred
Fairchild
Jan
8%
3%
International
Fairchild
Jan
Co..—.
Jan
1%
5
6%
24%
32
2
1
common
Mar
11%
*5%
50
29,'..
18
88,100
50
common
Jun
13
29
1
10%
24%
8%
Apr
6%
Jan
Apr
88
5
10c
__1
Jan
•
common-
preferred
Apr
4%
28
•
(Geo A) & Co common-
Horn
7%
3,500
24%
"
.
Jun
44
Jan
31
120
7%
28%
30
8%
4% May
44
15%
67
30
x33 % May
Jan
7%
62
7%'
Jan
24% May
950
21%
100
•
—
.
Jun
25% Mar
1% May
22
7%
1
15
Equity Corp common....
$3 convertible preferred
38%
Jan
Jan
28%
.
Empire District Electric 6% pfd._
Empire Power participating stock
Emsco Derrick & Equipment—
Eversharp
Jan
19%
%
*
66%
...
Corp
Apr
Jan
3,300
~~n
60
•
Light 2d pfd A—*
Pipe Line
275
600
~7%
...
Elgin National Watch Co
Emerson Electric
Mfg
Eureka
58%
38%
41
—
Esquire Inc...
57%
23
—5
common
59%
42
12
warrants—
Option
2% May
37%
5%
....
Power &
Electric
13% May
Jan
24
...1
preferred v t C_
Easy Washing Machine B
Economy Grocery Stores
$5
Jan
}g
~i
*
$6
7%
1,000
20
:n.
preferred series A.
preferred series B.
Eastern Sugar Associates—
$7
3,500
2%
58
•
Corp
States
13%
37%
.100
4%% prior preferred
.100
preferred
Eastern Malleable Iron—— -25
6%
Eastern
12%
2%
13
10
Lead..
Picher
Jan
1%
Inc..
Horder's
May
3%
19%
22%
5
common—...
6
600
300
6
1—5
Consolidated G M_
Hollinger
Holophane
Humble
Gas
2% May
9
A—
Common*
Hubbell
Eagle
2
Jan
1,000
7
10%
Heyden Chemical common—'*—2.50
(R) & Co class A
10
5%
May
Jan
4%
6
42
7
Hoe
&
May
fi
25
....
Hewitt Rubber
44
•
_.i_*-—_.*..*
2
Henry Holt & Co participating
Hormel
50
33%
4%
4»/4
—
Class A—
Heller
20 Va May
Jan
VA
%
200
5%
Corp J—
Rubenstein
Helena
Feb
900
2%
33
*
—5
convertible preferred..
,.50
Mining Co—...
—_—25c
6 %
1%
2Vb
Dept Stores common—
Hecla
VA
1%
of America B non-cot com—1
Hazeltine
Hearn
Feb
6%
Jan
—
Hat Corp
Horn
East
5
—
4%
17%
42
6%
,—10
Electric Light—:
25
Rayott voting trust ctfs
1
Brewing Co
1
Hammermill
30% Mar
2%
-Uw'
1
mil
common
Sulphur.
4% May
Jan
2
14%
24
66
_•
III10
Duke Power Co
1% Mar
Jan
21%
■
'
%
,
'
♦
Test Corp
May
13
10% Mar
■
1
Corp...
Texas
,
III25
Harris Co..
1,000
19
24
3%
'
'
•
Ltd—
4
19
24
4
'
—1
common.
& Coal B_
Hosiery
72
Mar
100
1%
1%
1
common
Steel
Mar
Jan
18
common
Dobeckmun
Mar
37/a May
Jan
62% Jan
10
Dominion Bridge Co
1,200
57
111
Jan
Feb
1%
x8%
common
Shoe
3%
3%
3%
10
Truck
Duval
Jun
—10
Divco-Twin
Duro
Apr
4 %
'
-
Durham
5
Jan
50
preferred—
Driver
Jan
1%
Products
Vilbiss Co
Draper
3 Vb
110
Mich Stove Co common-
Dominion
200
2,100
—20
Steel
Diamond
4%
4%
•
Detroit
7%
Apr
4%
nil
Detroit
De
Apr
3%
•
Foundry
Iron
33
H
Jun
Jan
.
....
preferred..—.—
6%
18%
.100
Mfg
&
Jan
__50
,
preferred
convertible
A
18%
18
11%
1
Derby Oil & Refining Corp com...
Detroit
May
Jan
5
Dejay Stores—
Dennison Mfg class A common..
8%
18
Jan
24%
17%
18%
750
—35
convertible
A
8%
15
IIIi
Rubber Mfg
Class
1,500
18
*
Davenport Hosiery Mills
Dayton
17%
B
common
12%
Apr
4% May
8
16%
107
May
Apr
Mar
Elec 7% preferred—100
Inc.
:
Ken-Rad Tube & Lamp A
Kings Co Lighting
5%
preferred D
Kingston Products
Kirby Petroleum
7% pfd B
121
B
-121
14
—*
100
100
1
1
121
14%
40
350
123
May
8% May
14%
Apr
47
Jan
x48
Mar
32
Jan
37
May
3%
3%
3%
5,300
1%
Jan
3% May
45/a
4Va
4%
600
1%
Jan
4% May
Volume
Number 4183
157
THE COMMERCIAL & FINANCIAL CHRONICLE
2131
NEW YORK CURB EXCHANGE
STOCKS
New
York
Curb
Friday
Sales
Range
Sale Price
4
June
Week's
Last
Exchange
Ended
Week
Par
.Low
STOCKS
for Week
of Prices
New
Shares
High
Low
York
Week
Range Since January 1
Curb
Friday
Exchange
Ended
June
1
Va
Jan
14
Apr
Navarro
Klein
*
13%
Apr
13 Va
Apr
Nebraska Power 1%
10
9%
Apr
10
Apr
Nehi Corp
4 Vs
Jan
Emil)
Kleinert
(I B)
Co
common
Rubber Co
Knott Corp common,
Kobacker Stores Inc
Koppers Co 6%
100
in"
ltf
1
:
*
preferred
10
100
96
96
97
8% May
Feb
92
250
Jan
Feb
10
100% Mar
Kresge Dept Stores—
4%
convertible
Kress
(S H)
Kreuger
preferred
special preferred
Co
Brewing
Nestle Le
100
14%
14%
200
5%
-v.,
-
..
5%
100
14% May
121/4 Mar
} 4 Va
Mur
•
Lake
RR
(N J)
Lane Wells Co
12%
5
5%
,B
600
:
21
21
Jun
New
Apr
N
Y
Auction
4,'A
Apr
N
Y
"9
•
%
25
(R G) Inc
■;'9%
Feb
6
Mar
N
Y
&
Feb
101
Feb
N
Y
Jun
21
%
29%
14,300
29%
100
■
5% Mar
N Y
5
.
9%
.1';
Jan
9% May
v
-
% May
Jan
Jan
Lipton (Thos J) Inc 6% preferred™25
Lit
Brothers
Locke
common
1%
*
.
Steel Chain
5
l.
Lone Star Gas Corp new common—.,10
Long Island Lighting
30
Feb
Power
6%
preferred class B—
Loudon
Light T%
preferred
100
Corp
1 :■
37%
300
12%
Jan
16% May
9'A
3,100
N
Y
Niagara Hudson Power
1st
2d
9%
Jan
Nineteen Hundred
900
39
Nipissing
20
Jan
1,800
1
May
5%
•
27%
26
18%
650
,
May
;6% May
Jan
8
Mar
Jan
103
26
107%
Apr
Noma
Mangel
$5
Stores
1
convertible
Manischewitz
Mapes
preferred
(The B)
Consolidated
Marconi
Co
♦
Co™
Steam
%
79
2
Jan
57
20
'!i;
Jan
2%
100
Marine
j.
May
4%
Jan
Feb
Jun
79
26
100
v
Jan
35*
Jan
4
17
♦.
Shovel
•
6%
17 : i:
..
100
Jan
17
11
:
common
&
800
3'A
Jan
Stores
400
i3e
Jan
2
$6
8%
Warrants
6 % 7a
A
4'A
Scott
4%
Penn
7%
preferred
Apr
Corp
8%
Jan
Brass
Jun
Ohio
Edison
47/a May
Ohio
Power
137/8 May
Ohio
Public
Jan
4%
11,500
■/
2%
100
21
26
25
145
Jan
.
7%
7%
1
1
800
102 Va 103
•
Oilstocks
Oklahoma
28
May
1%
Va
—
1%V'
2%
Va'
1
*
1%
7%
'
:
l'A
7V4
5*%
6
6%
8
1%
1%
2
Middle West Corp common
5
Midland Oil Corp $2 conv preferred,,*
9%
•
$2 non-cum dividend shares
Supply
Voehringer
Loan
6%
Jan
Apr
1% May
7% Mar
2,400
:
%
-
6
4%
150
8
Jan
.
Jun
8
•
Jun
2
Jan
:
.
-
Jun
9%
Apr
9%
Jan
Mar
Feb
19%
100: :
15%
Jan
19%
Jun
30%
675
25 Va
Jan
.35 %
Apr
1%
Jan
2%
Apr
1,200
6%
Jan
8%
14
2%
*
pfd
400
Jan
1%
57
56
57%
50
1,550
Apr
8%
•
Jan
Jun
Mar
19
*
Jan
1
—
•
P.
19
1
common
:
2%
Apr
1%
• :
Apr
59 Va Mar
•
Moody Investors partid pfd___
Mtge Bank of Col Am shs
Mountain City Copper common
•
Jan
Jan
200
8%
19
/•
Jan
12
May
Jan
9
Mar
17
800
•:/ Jan
%
16,400
Uv-"-"1'"'-
•
7%
'
21% May
100
5%
3% May
,
.
Jan
1% May
.7% May
Apr
179%
Jun
21%
Jan
22 Va
Producers,,-
Mountain
States
20%
.Pf,';
Power
30
30
10
common
Jan
Murray
& Tel
States Tel
.
"l%
Jan
~2%
Mar
400
4%
Jan
6%
Apr
:V-';
-
Muskogee Co common,,'
6%
preferred
*
11%
8Va
—-
Pp
14%
11%;
100
13%
Jan
18
Apr
.•112%
Jan
123
May
•
Jan
15
May
•V/V- .r* —
•
-
14%
2'/a
class A
,
.
100
9
250
8%
10%
200
>
—
•'
Apr
14% Mar
Jan
10%
Jan
4%
57
■
■
69% Mar
National
Bellas
National
Breweries common
National
Candy Co
National
City Lines
National
common,..
B
•P1
u
•1 Va
—
Jan
?
-
15%
'
500
11
11%
12%
11 Va
7,300
4
50
4
100
Car
5%%
100
100
— —
6%
6%
12
Ltd
*
7
preferred
1%
3%
Jan
10
91
4,700
8%
Jan
8
103 Va
Feb
Jan
12%
Apr
8%
Jun
1%
1%
700
4%
2,100
3%
Jan
%
U
7,300
ia
Jan
65%
67%
750
52'A
Jan
70
28%•
29%
:200
22%
Jan
28%
29 Va
300
—
66
Feb
ii May
6% May
V* May
8%
200
tV
3%
__
U
% Jan
1% May
Jun
4 Va
% May
May
23%
—
6
Jan
Feb
53
%
>/■;
•
32% May
31 % May
51 Vt
1
6
2,200
Mar
Feb
1%
4
Feb
6
Jun
82
4%
*
Jan
97
Apr
Apr
—
__
107
107
10
102% Mar
7%
7%
:
7%
3,200
4Vs
Jan
107% May
8 Va May
26%
—
25
26 Va
400
16%
Jan
27 Va May
-
19%
19
44 Va
1st pfd
Mines
8
8
13
13
300
page
2133.
5%
15,900
2%
Jan
21'A :x21%
275
17'/2
Jan.
101V3
lOO'A 1011/2
90
91
Jan ',;•
115%
.114'A 1151/2
130
_1G0
113%
113% U3'%
30
.
«...
■
13%
Jun
1% May
May
27
Mar
Feb
15
,,50
•
19
19%
Overseas
L«.:
19%
51%
•
113% Mar
103'A Mar
•
il%
•
'
'
4
•
1
2
4'A
Pacific
Can
5 Va %
Co
11
Jan
19%
Pacific
6%
1st pfd,.
48
Jan
no
Feb
117
71/2
Feb
8
3%
Jan
8
3%
Jan
7% May
Lighting $5 preferred
Power & Light 1% pfd
Pacific
Public
Pacific
81.30
1st
Service
Jun
May
'
'
'
>P:
««
•
7
8
7Va
'
300
7V8
'
200
7Va
Feb
Jun
1
Motors
Pen
Jan
34%
35
900
31
Jan
35
30%
30%
31
300
28%
Jan
31
Jun
102 %
Jan
108
May
Jan
95
•
100
94%
95
50
17
17
17
100
~6 Vs
"5% s%
73
Co
Jan
Feb
17%
Jan
84 Va
3%
19,700
1
Jan
6 Va Mar
10
Parkersburg Rig & Reel;
1
23%
18 %
23%
100
18%
18%
1,600
14
Jan
9%
Mar
32 Va
Mar
31
Apr
32 Va
$1.40
Pennroad Corp common
Penn
25
1
Cent Airlines common
4%
Penn
Si
Power
Light $7 preferred
preferred..,™
$6
•
4%
7,400
3%
Jan
15
15%
5,000
9%
Jan
35%
15%
Pennsylvania Edison Co $5 series pfd_*
$2.80 series preferred
*
Penn Gas & Elec class A com
*
35%
4%
Jan
50
27%
Jan
35'A
1
900
%
Jan
1%
98
130
44
lv/
96%
98
:
•
92
93
Salt
Co
50
168
168
25
Sugar Prop common,..
Water
Jan
20
Penn
76
30
Penn
Peppered
Mfg
& Power Co
Mfg
*
Co
74%
62
61%
100
500
65
51 Va
115%
75
6
~6%
300
4
Jan
Philadelphia Co
*
8%
8%
500
5
Jan
Co
common
Electric Power .5%
Packing
Securities
Conv
Pierce
$3
Gold
Pioneer
&
Bess
Jan
Jan
22
56
56
56%
4,600
42%
Jan
56%
Jun
12%
12%
600
8 Va
Jan
12%
Jun
10
*
1
Meter..
RR
~1%
•
1%
56%
56
Plate
25
Glass
Valley Wine Co
Inc common
1
7.50
common
.
1 %
Pressed
Producers
5,600
100
6
Jan
50
38
Jan
42'/a
y
96
3%
1,290
47%
Jan
59
14%
250
10Va
Jan
14%
Jun
94%
97
97
Apr
3%
Providence
1,100
14%
14%
■
Jan
2%
Jan
3% Mar
100
14
84%
2,000
3%
8%
Jan
14% May
25
12% Mar
% Jan
l'A
7,500
9
3,200
6%
6%
200
4%
8%
8%
125
5%
25%
27%
600
Jan
27 Va
ii
1 :t
la
2,900
3%
of
1
*
*
of Colorado—
Jan
7
May
6%
May
7%
1st preferred
Apr
800
11
Jan
13%
Apr
May
$5 prior preferred—
2%
Feb
preferred
Puget Sound Pulp & Timber—
Pyle-National Co common
4%
Apr
Pyrene
Manufacturing
7
Apr
8%
Jun
Jan
3%
Jan
7%
100
%
26,400
6%
700
4
"7%
7%
7%
100
7 Va May
iff
41
May
7% Mar
Va May
Jan
Mar
Jun
Feb
Jan
%
7%.
%
100
100
6%
Jun
8% Mar
106
113
106
20
104
Apr
106 Va
Jan
113
113
10
109
Apr
114
Jan
113
Jun
Puget Sound Power & Light—
$6
Apr
Jan
Jan
-
1st preferred,
13
%
9%
Feb
5%
1
America
19
34
•
of Nevada
Jan
"%
Jun
1% May
1
9
*
common
6%
May
14 Va
1
~8%
Gas
Public Service
May
9
1
Apr
Jun
57 Va
^
14
14
5
Co
Jun
7% May
5
Mining
Corp
2Vs
1%
7%
25c
common
Metals
Jan
7'A May
14V4
10
Mining Co
7%
42%
7%.
10
Inc
Apr
Feb
4%
8%
50
Gold
33 Va
31%
1,900
Metallurgical
& Lambert
Mar
6% May
8% Apr
7,200
Pittsburgh & Lake Erie,,
Premier
31
22
7%
Pittsburgh
Pittsburgh
Powdrell
116% May
20
42
Scale
Jun
7%
42%
Sugar
Feb
65
21%
50
Potrero
Jun
% Mar
1
Ltd
Postage
E
Jan
Apr
_*
common
Mines
L
Jan
21%
25
common
preferred series A
.Pitney-Bowes
Pitts
pfd
Co
Governor
104
♦
Phillips
Jun
^
93
170
115
Apr
8'A
Jan
Jan
Apr
Jun
% Mar
1
Circle
98
Jan
150
Pharis Tire & Rubber,.
Perfect
Apr
4% Mar
16% May
62% May
Penn
4
21
May
35
Jan
12
44
19
Jan
Jan
Jan
23% May
Jan
28%
8%
Jan
Apr
28
2% Mar
Feb
6 Va
♦
Pratt
7
Apr
6 Va May
•
Plymouth Mills
Telephone common
preferred A
Alexander
9%
Apr
Patchogue
of Canada
100
5% May
Peninsular
&
100 May
Jun
Jun
3%
15%
72%
•
Corp
Power Corp
25% May
13% May
34%
Page-Hersey Tubes common,.
Pantepoc Oil of Venezuela Am shs
Paramount
8%
25
*
preferred
Prentice-Hall
1% May
% Jan
51%
25
preferred
3V0
200
Apr
50
290
•
common
Elec
&
1st
1,500
1,000
Apr
May
Jan
16%
1,300
'
8
1
May
;
—
1,800
108
51%
««
Securities
51% May
12% May
Jan
Jun
115V2
Jan
115%
115
115%
•»
Filters B
Omar Inc
Jan
87%
Jun
Jan
8 Va
common
prior preferred
May
25
Jan
Jun
107
V-
•
5%
22V4:May
1011/2
106'A
common
Natural Gas
9
40
19%
10
*
Radio
■'
5'A
X21%
•
100
300
12%
,12.50
preferred,.
For footnotes see
—
•
National Transit
&
450
•
Sugar Refining
Tea
Jan
1,200
12
1%
Vt
98%
3% May
1/128 Jan
500
%•
8%
*
Prosperity Co class B
Steel
Apr
5,900
^
'
'
_
51
12 %
Light $6 pfd unstpd,,*
♦
$6 preferred stamped
•
National Refining common
•
National Rubber Machinery
Union
Jan
18
National Pwr &
National
27,500
10
-
25
'
•
Tunnel
100
51
•
National
62
'
>
•
—
1
National Mfg & Stores common
•
;r
■
•
—
National Fuel Gas
National
1%
-
"
50
(Del)
•
13%
•'
P..
*
National
Jan
Jan
'
Ltd
Pneumatic
.13%
•1%
,v
common
National
42
Jan
~1G0
common
preferred
Service
United
Plough
13%
1
♦
preferred
Container
Apr
10
11%
5%
class
$6
conv
Polaris
•
Nachman-Springfilled
convertible
72'A
60
98%
Apr
N
$3
Jan
8%
•
Pleasant
Hess
54
11 %
100
Phoenix
3,600
*
Muskegon Piston Ring,,
Apr
6%
.
,
P 31
_2%
"
100
Ohio Mfg Co
■
6'A
■
•
100
.~2%
1%
5c
30
•y-
Mountain
225
—
pfd_100
preferred
$5 Va
Phila
Mountain
71%
57A
Apr
163
10
•
Jan
1% Mar
—'•
7%
179% 179%
V
Apr
8
.
3%
May
7%
4%
1,000
v
109
"
,
'J;**''
——
12
3
——
—10
1
Montreal Light Heat & Power—:,
V/a
*18%
3%
1
A
Utilities—
P-
12
V/a
*
-
.
••
—
2.50
common
—■
100%
5%
100
common.
Montgomery Ward A
2%
2%
"-"Up
—.
1
Society
Dakota
1%
Apr
% Mar
Jan
x3%
18,900
9Va
8%
'
Montana
108
100
Corp
Pictures
36%
56,900
VP Feb
30
8%
•
Monarch Machine Tool
Monogram
1
19%
1
pfd
Mississippi River Power 6%
Mock Jud
Jan
80
3%
2% May
4% Mar
1,000
•
1
;
Public Service
102%
57
May
109% May
58%'May
31% Mar
6% Mar
50
Pwr & Light 1%
Molybdenum
:-•■%
10,900
'V
8% :
8%
p 9
30
i—J—10
Co
Mining Corp of Canada,
i
Minnesota Mining & Mfg,—
Missouri
23
,
*
Abrasive
Minnesota
8%
•
common
&
Jan
18%
108%
'
$3
Parker
Midland Steel Products—
Refineries
16%
70
102
Feb
Mar
Apr
900
7%
Piping
Apr
108
Jan
300
5%
v
Jan
Jan
3,700
'
7%
:
1
Midwest
Apr
500
50
Power
4%%
Pacific Gas
10
—
1% May
Jan
1%
4%
1
c
Jan
108
Va
n
t c_l
Mid-West
1
200
8%
28
1
.
Oil
98%
1,700
:■
Jan
%
75
2%
1
5
1,300
•
.
Middle States Petroleum class A
Midwest
Apr
104
5%
5
Texas Oil
1st preferred
Jun
6% May
Jan
6%
Jun
34
Jan
.
Apr
4%
Jan
19
15
Micromatic Hone Corp,,:
Mid-West
111
Feb
3/64
50
Corp
Co
Jan
2.50
Preferred
Midvale Co
24% May
11% Jun
Jan
5%
common
Jan
34
26
...
25c
„
Michigan Steel Tube
t
Jan
O
Ogden Corp
l'A
7%
X
.—
v
IOV4 Mar
70%
•
Co
States
8
2
100
preferred,,!
Metropolitan Edison $6 preferred
Michigan Bumper Corp
B
18
100
95%
•
preferred
125
1
Participating
Class
class A
Public Service 6%
Novadel-Agene
50
33/t
26
—
Michigan Sugar Co
RR
Nor Indiana
.800
1,400
1
•
.
Messabi Iron Co,
Monroe
North
'
142
34
•
-
Textile
100
60
•
Utility Securiues
Central
12'A
12
*
.,,,600
4»A.
142
5
common
preferred
&
24%
11'A
May
10
1
American
Ohio
P':
4
♦
common
Chapman
8 Va
1
Corp B
prior preferred
Oliver
Merritt
Metal
P
.*
.
Merchants & Manufacturers class A
Participating
4% May
Jan
50
—
6 Va May
1%
8
4%
Co
Memphis Natural Gas
Mercantile
Feb
2%
3%
Apr
6%
V/a
■:
•
.
McCord Radiator & Mfg B
McWilliams Dredging
Johnson
Feb
2%
.75
Mar
6%
£■■
1
Jun
'
Mead
31
100
Com¬
'
35
Ltd
Mass Utilities Association v t c
Massey Harris
Jan
4
8
108
55%
•
'
ICO lO
3% May
3%
Light & Power common__l
preferred,,,
•
Northern
I
•
Margay Oil Corp—i.
Marion
79 A
*
:
4
'
2
Mfg
International
munication
'
Co
4
-
Jan
18'A
—
,,,,5
100
Mines
Northern
•
1%
Va
Electric
6%
2,100
4,900
101
18 Va
North Amer
North
,
Jun
2%
29% May
Jan
M
1% '"V2
Jun
20
68% Mar
109
_,
common
North American Rayon
Class B common
Manatl Sugar optional warrants-.
9
Jan
5
2% Apr
42% May
4,600
Jan
Jan
100
1
warrants
Class A preferred
Niles-Bement-Pond
Jan
Jan
1%
5
Apr
i7#
7%'
4%
13'A
57%
109
,,
100
.
Niagara Share class B
21%
1%
300
1,200
2,800
11'A
—
100
preferred
150
7%-
Feb
107% May
20
23%
—
10
common
preferred
8,900
37 %- •38%-
Jan
64%
optional warrants
1%
Light $6 pfd
i
r
B
7%
common
shares
Class
Exploration,—...,!
&
24%
-
Electric & Gas $5.10 pfd_100
Water Service 6% pfd
100
optional
6%
87Va
May
7%
N Y State
A
16%
1% v
11%
4
•
Class
2% May
42
Jan
19 %
4
preferred.,100
19% Mar
Jan
41
5>A May
5 Va May '
47
Shipbuilding Corp—
Jan
*
Land
Louisiana Power &
Lynch
—10G
Packing:
Louisiana
&
5%
%
•
Jan
Jan
2%
10
10% Mar
200
1%-
IV
preferred class A
■
1
25%
63 %
—
64
10
Jan
~2%
9%
9%
common
7 %
15
16%-
40
,,
Rosario
7%
900
•
5 Va May
11 % May
Jan
28
17l/a
10
Apr
112% May
9%
_•
common
Honduras
5%
Line Material Co
Co
Founders
16% May
Feb
V#
125
700
1
Merchandise
$6
1% May
24%
High
Jan
1%
Process Co common,
N Y
Feb
4'A
.
•
21
111/4 May
Jan
12%
9,600
%
:
t
1
a
100
16
8%
4%
46%
102% 104%
8%
9
—
City Omnibus warrants
2%
;
16
*
1
Land
14%
% Mar
'>
-k
400
4
—
39'A
19 Va May
25
x4%
46
46
*
Jan
6%
Feb
7% Mar
25
Jan
1
Lehigh Coal & Navigation
Leonard Oil Development™
Co.
Jan
100
■_
Jan
104%
"37A
common
3'A
300
5%
5%
• .'
i
;■
—
Clock
2
20 V2
8,800
12 Va
10
4%
-A
100
8Va
650
/
3%.
•
1
Lefcourt Realty common
Convertible preferred
Le Tourneau
3%
.,.,100
common
Langendorf United Bakeries class A__*
Class
A
39%
11%. 13
.
700
•
Haven
New Idea Inc
36%"
1
*
_*
England Tel & Tel
New Jersey Zinc
New Mexico & Arizona
1
Low
21
110
5% May
Jan
-
100
Shore Mines Ltd
Lakey ..Foundry & Machine
Lamson Corp of Delaware,,
Lane Bryant 1%. preferred,
L
*
100
New
Lackawanna
19%
110
•
New
9.L
—
Range Since January 1
High
5
class A
Co
21
Shares
♦
preferred
preferred
$2
Low
100
preferred
England Power Associates
6%
10
1
„
Co
1st pfd
Nelson
(Herman) Corp
Neptune Meter class A
New
1st
Oil
Sales
for Week
Range
of Prices
Par
High
Klrkland Lake G M Co Ltd
(D
Week's
Last
Sale Price
4
•
*
•
5
10
325
101%
Jan
68
66V2
68 Va
3,100
45 %
Jan
68 %
Jun
11%
11
11%
500
7'A
Jan
13%
Apr
12%
14
350
8%
Jan
14
Jun
8%
9
600
7 %
Feb
111% 113
13%
9
9 Va May
Monday, June 7, 1943
THE COMMERCIAL & FINANCIAL CHRONICLE
2132
Last
for Week
Range
Last
Exchange
Curb
York
Ended
Week
Low
High
High
,<
Stinnes
(Hugo)
Stroock
(S)
Co
Sullivan Machinery.—..
90
Quaker Oats common
6%
preferred;
Quebec Power Co
90
20
70
Jan
92
Mar
153
.100
153
20
146
Feb
156
Feb
Sun
Ray Drug Co
—
Jan
150
Jan
19'ft
900
i
74
12 3/a
13'A
Jan
197a Mar
77a
19
Jan
11'ft Mar
4%
5%'
49%
17a
40,900
49%
50
5%
1
Apr
5'/a
Jan
Jun
43
Jan
49 'A May
12 3/a
preferred
50
Superior Port Cement class B com.:—•
Swan Finch Oil Corp
15
convertible
5%%
l'ft May
600
18
19% '
173A
18
1
-7
Oil
Sunray
High
Low
,
3A
%
5
•
—•
Corp
Range Since January 1
Shares
High
Low
Par
■
Low
Par
for Week
Range
of Prices
Sale Price
June 4
Sales
Week's
Friday
STOCKS
New
Range Since January X
Shares
of Prices
Sale Price
Exchange
Week Ended June 4
Curb
Sales
Week's
Friday
STOCKS
York
New
Mar
14
\Apr
9% May
8 3ft Mar
-
R
Radio-Kelth-Orpheum option warrantsRailway & Light Securities
Voting common
Railway & Utility Investment A—
Rath Packing
Co. common
Raymond Concrete Pile common
$3 convertible preferred
Cable
Corp
Royalite Oil Co Ltd___
Russeks Fifth
2,100
%
Jan
1,300
21%
Jan
8,300
;
.ft
Jan
1V2
Jun
Tobacco
&
10%
Jan
13%
Apr
Tobacco
Product
Jan
5% May11% Apr
%,
ft.
41/2
4%
4%
11%
700
~2%
_2%
%
Apr
Shovel
Co
7%
27
.
'*• Apr
9%
.1 Jan
*100
pfd—
Tilo
37j
Jan
103%
120
91%
Jan
~9%
700
7%
Jan
2%
Jan
2 '/a
Jan
5%, May
Jan
18% May
64% Jun
2%
2%
100
4%;;
41/2;
4%
900
7a
6i%
$2%
62
104
'Jan
16
-20
Apr
3%
Apr
17,t
Mar
Mar
4
•
22
Feb
19
.
May
10
49'ft Feb-
900
Apr
6%
Jan
Apr
4 v*
4%
614
4%
700
3%
Jan
5Va Mar
6y8
6%
600
3%
Jan
'
.
5'/a
Feb
Jan
22'ft
Apr
,r„
6%
474
400
1%
700
13/4 May
Jan
55
Jan
«
5'ft
43A
63A May
Jan
7a
43
200
9,100
27a
Feb
500
6 Va
Jan
1,700
17»
Feb
55
55
"5%
...
Jan
.
Tobacco Security Trust Co Ltd—
Amer
dep
Amer
2
10%
2
>
64
67
10%
dep recs def reg—
rets ord regis
,
May
5'/a Jun
10'ft
Jun
3
May
67
Jun
1%
500
ft Jan
53
Jan
.100
102
Mar
106'ft May
.100
107
Mar
112
Todd
Shipyards Corp
Edison 6% preferred.
7%
preferred
;
Tonopah Mining of Nevada
Trans
Lux
Corp—;
Tri-Continental
Chatillon
16
Feb
May
16
Jun
6'ft
Jan
1,500
..'ftft
Jan
2,400
4'ft
Jan
10
Apr
Jun
9,100.
»
1 c;
,il
Apr
1
4
„
17a May
,
**8 %
_9%
63
93/4:
Corp.—
A.
Class
>
133/4
16
—
Inc
Tubize
..10
—
warrants
Trunz
1%
700
3-/8
3%
Jan
ft Jan >'
1,100
7a,
7a.
1
Transwestern Oil Co
/
—1
560
64
Jan
64
800
13A
Jan
10%
300
6%
Jan
5% May
103/4 May
2
Jan
3'A May
3%
300
17a
Jan
3% May
37a
4
900
3
Feb
4'ft May
6%.
"574
53/b
3%
;
Tung-Sol Lamp Works
80c convertible preferred..—..
7%
1,800
5
Jan
5%
39
200
6% Mar
1%
1
_•
"III
,•/
6%
.
Exports
• •
1%
6%
—1
•
Stocks.
Mar
May
•
—I
Allied
111
3'A
100
21%
21%
21%
...5
Realty & Construction-
Mar
137a May
17'/a
—2
Roofing Inc
Tishman
Jan
102
10
111
111
24
Jan
6%
3,200
*
common.
5'/a May
3% Mar
173/4
1,400
133A
3% May
1,900
~9%
21%
13-
-
Z; t;
Feb'
Jan
13
21
13
Toledo
103
21%
Jun
1%
12%
Ryerson & Haynes common
t.
9% Mar
900
•ft
13%
1%
Jan
-3
5,500
11%
2%
7
«r,
Aeronautical Co
Consolidated Petroleum—
Ryan
Ryan
Thew
1%
50
—
-
Texas Power & Light
Texon Oil & Land Co
Mar
26%
25
50
11%
*
Ave
Mar
51
5,700
,
—1
.s
19
13%
1%
l'A
5
L
.
;
Typewriter—;
Royal-
12%
26%
5
$1.20 convertible preferred.;
Jan
11%
'
«>
1,000
5%
47a
X
—
Technicolor Inc common
Mar
13'A
350
7a Mar-
18
•
common
Petroleum Co.
Jan
51
.
Roosevelt Field Inc
Root
H
12% May
Jan
ll\
Taggart Corp common
Tampa Electric Co common..
17%
:
pfd D— .100
Roeser & Pendleton Inc.—
Rome
7%:
200
T
Jun
51
17'ft
•
Raytheon Manufacturing common—50c
Red Bank Oil Co
1
Reed Roller Bit Co
•
Reiter Foster Oil Corp—
„——50c
Reliance Electric 6i Engineering—.
5
Republic Aviation
1
Rheem Manufacturing Co
1
Rice Stix Dry Goods
•
Richmond Radiator—_
1
Rio Grande Valley Gas Co v t c
1
Rochester Gas & Elec 6%
100
n.
H
2%
Jan
32
12 »/2
12%
12 %
10
1
10
*
2% ' 120,700
1%
1%
2% May
10%
U
Realization
Ulen
St
Class
St
A $2
pref.
conv
Regis Paper common.
preferred
7 %
Salt
Co
Oil
Dome
United Corp
Samson
Sanford
common
Mills
...—:
Savoy
Oil
Co—
Schiff
Co
common
3%
6%
7%
1%
2%
•*
Steel
Inc—
Bros
Seeman
%
Jan
Jan
38
100
25 y2
Jan
54
11%
11%
11%
2%
21/4
371/4
341/4.34'A
1
Jan
13% May
Jan
23A May
Feb
34 V2 May
Jan
1%
1%
8,300
8%
4%
8,000
iy8
8%
Jan
17
13 y8 Mar
■.'■•■v
%
Feb
Jan
"
...
Jun
-May
1% May
stock
25
68%
69
500
70
Allotment certificates
X
1
Control
Serrick Corp class B
Seton Leather common
%
:
May
300
%
% May
ft Jan
Mar
4
6%
400
5
Jan
6%
Jun
3%
3%
800
2%
Jan
4
Apr
600
15%
88%
14
Jan
16%
Apr
1,000
83
Jan
92 V*
Apr
16
87'
16
•
common
23
pfd series AAA
100
111%
Apr
•
12%
Jan
12% May
10% Mar
•13% Mar
Sherwin-Williams
cum
of
Sherwin-Williams
Canada
12%
•
common
125
121/4
Feb
116
Simmons-Boardman Publications—
convertible
$3
common
Manufacturing
1
May
2% Mar
Jan
175%
120
233
230
Co
Co Ltd—
regis
£1
Sioux City Gas & Elec 1%
pfd——100
Solar Aircraft Co
1
Singer
22
21% May
•
1
100
preferred
Simplicity Pattern
Jan
241
Apr
5
Mar
103
Jun
Singer Manufacturing
Amer
Solar
Manufacturing
Sonotone
Soss
3% Mar
dep rets ord
South
Coast Corp
South
Penn
Oil
Southwest Pa
Pipe Line..
California
Southern
49 y4
31%
23
original preferred
preferred B...—.—25
5'/a % preferred series C__
—23
1%
Phosphate
Pipe
Jan
Feb
4
37 %i
500
40
Jun
May
49%
Jan
31%
10
10
5
1
•
Co
Line
Co.
Spalding (AG) & Bros—
1st preferred—;
293A
900
29%
400
.
class A—25
Southland Royalty
Jun
28%
Amer
3/4
t..
—
..
20
121%. 121'ft
115
f-'i
—
L,—
.
297a
Jan
2
i.
May
127%
Mar
Feb
Standard
10%.
7%
Jan
6 3/a
Jan
Brewing Co
l'ft
Jan
4
$1.60 convertible preferred.
Standard Oil
(Ky)
27'A
Jan
28
Feb
60
28
,
pfd__
Standard Power & Light
9
23
7a
2 3A
Jan
4%
Starrett (The)
100
X
class
Common
2
Apr
Jan
1
May
Amer
dep
2%
127a
Jan
2 3/8
200
17a
Jan
%
150
17%
ft
*
100
8%
Jan
Jan
ft
Jan
500
i3o
9
'
27a Mar
16'A
16%
Jan
6'A
Jan
17'/a
Apr
Jun
112'A Mar
i' ft May
Jan
50
41%
May
'
12%
110
300
%
18
Jan
13
7,000
ft
%
41%
3/a
...
1,600
110
rets
Profit
common
Sharing
preferred
Shoe
Feb
37
Apr
Feb
90
May
4
713/4
71
251'A
Apr
%
Feb
46
Feb
4
63.,
190
Jan
72 % May
43
1,200
71%
45'/a
May
Feb
■ft. ft Jan
2'A Feb
wo
.•.
Jun
Jan
46% Mar
57a Apr
1
5%
5
5
7a
600
4
Jan
i
1
53A
57a
6%
11,700
27a
Jan
67a
Jun
...5
9
9
300
7'ft
Jan
9
Jun
•
1
1%
600
7a
Jan
l'A May
;
Jan
U S
U
Specialties common.
Foil Co class B
S
*
75
78% V
78'A
.
with warrants..
::io
U S Lines Inc preferred—
U S Plywood $1.50 conv preferred. ..20
307a
29
1
33A
3
37a
2%
2%
200
%
900
27a
27.
60
4,000
27a
3,000
$5
1st preferred
U S Radiator common
U
S
50c
United Stores common
Paper——
2
Universal Consolidated Oil
10
Wall
United
*
*
Corp voting trust ctfs..
1
Insurance.
8
Pictures common
_—..1
Products Co.
*
B.
Universal
Universal
Universal
Universal
Utah-Idaho
5
preferred—.—*
1
Sugar
Utah Power & Light $7
Utah
Products
Radio
7'A
2%
Equities common———.—10c
$5.50 priority stock
—
1
Utility
2%, feb
Jan
19 3/a
18
193A
57
57
57'ft
20
20
Jan
4'ft
Apr
13
" Apr
7'A
Feb
!1
t
Jun
23/4 May
193/4 May
203A May
Feb
9 3/a
6,400
3
Feb
15
Jan
Jan
250
43%
Jan
66
100
143A
Jan
20'ft May
2,600
2'/a
Jan
45%
Feb
.
27a
59
573/4
59
225
"2'/a
~2
~2'/a
600
75
72
2
.
ft May
ft Jan
200
"23A
Jun
37a Jun
17a
1%
2%
3A
30 7a
l'A Jan
"774
2
Jun
9% Mar
Jan
100
—
78%
Jan
28
.
.
11
Universal Cooler class A
Class
8
100
30'/a
„
.
500
97a
9%
Reclaiming
Rubber
Vogt
75
4'ft May
2'A May
Jan
Jun
75
Jan
49
500
:
May
63 'ft May
Jan
3/a
Mar
3
1%
3A
1,800
225
1,900
30
28'ft
7%'
71
18
7%
4%-
preferred
43/a
Waltt
& Bond
7'ft'
800
class A
*
;
Wayne Knitting
176
""%
'ft
'
i
1
ft May
Apr
43
Wentworth Manufacturing
—1.25
Utility $6 preferred,
West Va Coal & Cokes...
c.—
West
Air Lines
Western
5
1
Inc
37a
*
37a
53A
9%
97a
Western Maryland Ry 7%
Westmoreland
Coal
Westmoreland
95
20
25
Inc..
(R
C)
;
Jan
4
Mar
Jan
106
May
~4%-
200
—
12
35
Wisconsin
Power
8% Mar
Wolverine
"93/4
7"
"97a
1,900
6'A
Jan
12% May
100
1%
Jan
3'A May
1%
6
1%
300
ft
Jan
17a May
53/4
6'/8
300
27/a
Jan
7
12
May
& Light
1%
Woodley Petroleum
Woolworth
American
Wrieht
(F W)
95
Jan
18
Feb
26
13
■
Jan
Feb
15'ft May
774 May
778 Mar
8'A Apr
—T
Jan
Jan
receipts
Ltd
58
*
4'A Mar
12
May
■
"3'ft
Feb
474 Mar
~67a
100
4
Jan
7
63A
Jan
9'ft May
2
Jan
4
Ltd—
deposit
Hargreaves
13A
9
75
11
_
*6 7a
Jun
Jan
1,600
—
67a
97a
Jan*
578
10
1
Mar
May
5'ft
500
4'A
11
May
'
100
8
33/4
pfd__100
.
11'/a May
150
7
73/4
1
.
Apr
10'ft May
22'ft
250
25
•
Portland Cements
3%
3%
Inc
x38'A Mar
Jan
n
Products
43/4 May
774
11
Willson
Jan
Feb
2'A
f
Apr
67
10
95
•
Heating
6'A
Jan
9
/
..
10
Co
&
>
5%-' Jan
1,100
'.
10
1
Mfg
Mar
ft May
143/4
—
1st pfd—100
•
.—
Oil-O-Matic
~4%
1
Apr
14% May
4
Western Tablet & Stationery com
9'ft Mar
Apr
Apr
93/4 May
*
Jan
98 3/4
3,100
10
8
90
27a
300
37a
_5%
••
"5'A,
-20
Western Grocer Co—
Williams
*
.
v2
11
mm
•
Texas
Williams
,
■
ft Jan
1,100
5
Mills
Apr
Feb
57a Mar
Feb
7'ft
Min~ing~"co—IIZIIIIIIIIIIIIX
Jun
—,
May
93/4 May
Jan
57a
86'A
'V
•
Walker
May
Jan
Jan
71
Jan
3 3/a
Mar
7% May
Jan
44
300
7%-
trust ctfs ext..•
100
17a
ft
30
Jan
7%
4'A
6,900
~9
1% May
s.
Jan
Jan
4%
MM
j
2133.
100
•
pfd
7'A
69%
Aircraft Co
1%
•
common
1
Wichita River Oil Corp
17a
277a
W
Waco
7a May
"%
17a'
1%
:——5
Manufacturing
2 3/a May
1
Inc
1
Valspar Corp common
$4 convertible preferred.
Venezuelan
Petroleum—;
Jan
20
29'A
Graphite common
,
U S and International Securities..
United
Feb
■
page
7a
,
457a
——
ft
1
For footnotes see
72
-
common- -25
-.25
Machinery
Preferred
l'A
50
preferred—
Co
25
-.10
;—
—
100
Sterling Brewers Inc
B)
—
5,100
_1
preferred
(J
5,700
47 3A
250
-25c
United
14 May
% Jun
Jan
3% Mar
United
10%
Jan
Jan
.100
isa
Sterling Aluminum Products
Sterling
74
74
21'ft
ord regis
N J RR & Canal Co..
2%
'
Stetson
36%
7a.
.
453A
United
%
'
2d
%
6,700
80
•
—
2%
Corp voting trust ctfs__X
Sterchi Bros Stores
5 %
13,700
453A
u
%
473/4
1? May
Jan
67a May
Jan
350
•
1st
%
ft.
ft
Jun
122% May
Jan
115
1,000
May
4.
% Jan
1,000
%
ft May
16
Jan
Co Ltd—
Molasses
United
121%
Jan
1% May
ft Jan
10
116,200
%
121
%
%
15% May
67%
Jan
,
50
'
400
•
6%
121
Jan
Jan
%
preferred..
participating
$3
1
Steel Co of Canada
& Co
•
%
United Milk Products
4;;
4
in*
B
preferred
1st
$6
J&n
12
27,300
3,500
36%
$7
.1
B
Stein
(A)
1
Option
Weyenberg Shoe
class
Tube
i
ft
15%
33/a
—
preferred non-voting
warrants
United Light & Power common A—
1st
74
153/4
warrants
United Gas Corp common..
~1%
Jun
Jan
74
6
16 3/4
1
Standard Silver Lead
Standard
■_
"l%
1%
%
.10c
■
16
110
■
3/4 May
Jan
400
17%.
53A-
16
17%
Apr
'
2%
20
72 May
6,000
4'A '
—
•
Co
.m»
''
■
17%
1
•
■
3/a
1
53A
Preferred
Products
Corp
100
577.
Apr
7a
3
K'
17%
Common class B
Standard
~"% ""ft
4%
1
10
(Ohio)—5%
United
Stores
United Elastic Corp
6'/a
2,400
15%
May
■
,
.10
preferred
Standard Dredging Corp common.
Oil
Cigar-Whelan
13%
15%
•
ZI*
10'ft May
'
'/a
Standard Cap & Seal common
Standard
United
12%
12%
14% May
57a Feb
Apr
100
1,600
8%
10%
—....
•
*
—2.78
Corp..
Inc
Convertible
"III
common..
participating pfd...
&
Virginia Public Service 7%
Jun
5'A
~8%
-
10%
dep rets ord regis
Stahl-Meyer
Aircraft
Wagner Baking voting
dep rets crd bearer..
Spencer Shoe
common
Chemicals
Jun
73/a
•
Products
United
United
cum
•
'
4374 May
3l'ft May
Jan
Feb
Spanish & General Corp—
Amer
Union Investment
$3
Co
Canada..
313A May
Jan
40
70
;
30%
preferred
100
England Telephone—100
Southern
1"%
29
Southern New
Southern
% May
5%
..
28% Mar
40
6%
Power
May
4
49%
of
Gas
3'/a
..10
•;
5%
Colorado
4
Jan
3,100
5%
4%
40
Southern
Jan
2%
10
A
Edison—
4
2
2%
4
3%
Jan
7,300
3'A
3%
5%
1
1
25
common
4% Mar
2%
3%
4
—1
Manufacturing common
600
Jan
2,300
3%
1
Co
Corp
96
10
103
103
Manufacturing
May
May
70
6%
~6%
•
Shawinigan Water & Power..
10
71
Jan
3% Mar
5
Mining
Jan
Jan
3
400
9%
9
9%
5
stock
51%
52 'A
Convertible
$5.50 prior
Co
7%
%
l'A
Silex
May
29%
•
5%
58
100
800
1
Denn
Apr
Unexcelled
3
.10c
Corp
Union
1 May
3,200
1%
7%
26
•
100
Shattuck
Jun
Jan
1
300
16%
Safety
May
44
100
'16%
Sentry
Apr
30%
30 y4
16%
Co..
1%
•
%
22 y2
~8%
Shoe
15 % May
500
Segal Lock & Hardware————1
Seiberling Rubber common——
•
Selby
1% May
Jan
8,400
53%
—
Selected Industries Inc common
Jan
17%
1
Securities Corp General
Jun
35
y4
37
30 y4
30 %
•_—•
common
Apr
Jan
1%
'•1%
—
Co
2%
24%
200
1%
36
Brook Water Service—
—•
preferred
Apr
ft Jan
75
35
1%
1%
—
$6
Jun
8
2%
"A May
12%
33%
35
(D A)
Scullin
136
5,000
Convertible
Scranton Spring
Jan
Jan
4,500
2%
4
115
150
136
135
May
"1% Jaii
10,200
3%
3%
\
~6%
common——;.—1
preferred
.—25
Scovill Manufacturing
25
Scranton Electric $6 preferred———*
Scranton Lace
common.:
•
Schulte
2
13A Apr
•
50
——5
—100
-1
1
•
5
•
Lawrence Corp Ltd
500
...X
Udylite Corp
9%
93/a
93/a
100
3
3
3%
9,200
May
Apr
Volume 157
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4183
BONDS
York
New
Week
Curb
Friday
Interest
Exchange
Ended
June
Week's Range
or Friday's
Last
*
Period
4-
American Gas & Electric
Range Since
Sold
January 1
High
No.
s
f
debs
._1950
J-J
103% 103%
s
f
debs
..I960
J-J
*107% 107%
3%s s
f
-1970
J-J
deos
Pow
.
Lt
deb
&
—
-2016
•
J-D
'j
.
*109
•"
J-J
-1970
6s
M-S
-1961
102%
'V
92%
"
108 Va
•-.
——
Gas
St Elec
deb
deb
A Debenture
Atlanta
Gas
City Eiec 3y4s
Light
41/2S__
F-A
Debenture
M-S
1955
-1964
88%
6
106%
■
__
;
93
1st
....
1
124%
126 J/4
Ogden
16
107%
109
Ohio
46%
68%
24%
3
14%
24%
80
13%
25%
Convertible
Broad
24 Vi
34
12%
25%
Pacific
24%
13
14
25%
Park Lexington
82%
19
83
108%
106%
108%
99%
100%
1st
__
111 El &
123%
395
115
115%
11
114%
fACentral
A5
118 Vi
118% 118 Vi
■2
117%
119
108%
127%
1103
A-0
104%
J-D
->1954
102%
US
53»>_—1953
Af-N
5s
1
1964
1954
5s>
■
—
J-J
U-S
Central States P ft L
99%
107
37
36
35%
1100
F-A
Cincinnati St Ry 5 Vis A—
A-0
4%s
53%
53%
44
102%
105
1
■
107
'
•
105 Vi' 107%
1
37%
80
37%
*106
13
39
13
•
series
1955
Service
Cities
deb
Conv
Jan
5s
5s
.
5s.
V
&
97 V2
93%
•;V^
94 y4
h:,'. 93%
93%
Safe
93 y4
93%
93 ya
1952
94%
94%
95
J-D
98%
98
98%
A
1949
1951
57%
103%
San
Af-N
—
119
97%
84%
94 y4
1st
4%s
Counties
1
119
120%
1956
Af-S
89%
89
90
110
St Light 5s—,
Elmlra Water Lt St RR 5s
2030
F-A
98%
98
99
75
,—1956
M-S
__
; •
r.
94 w
'
105%
Carolina
1st
108 V2
2
101%
104 '
121
103%
93%
94%
83
123%
102% 103%
82%
1952
79
9
101
Southwestern
6s
1954
Af-N
1961
Florida Power Co 4s ser C
1966
Florida Pow St Lt 5s
—-—1954
Gatineau Power 3%s A—
1969
General Pub Serv 5s
1953
US
1978
j-d
5Vis
——
'?■
79
P
Gas
105%
6s
11
124
106
106'
•
52
:•
j-j
107%
2
105
7-4s
.
105%
29
104%
91%
i-98%
97
Alden Coal
4s—
—
JAGobel (Adolf) 4Vis ser A
West 4s
Nor Power 5s stpd
Grand Trunk
Great
Pow 3%-
Green Mountain
1965
1941
1950
1950
—1963
M-a
F-A
78%
1
97
103%
98%
18
93
%: •98%
98%
•
77
109
98%
8
78%
13
98%
90%
25
109
6s
98%
57
91
1968
6s
series B
A-0
A-O
1967
1953
1954
1950
8 f deb 5Vis
May 1957
Indiana Hydro-Elec 5s
1958
Indiana
Service 5s__
—-—1950
1st lien & ref 5s
.
1963
AIndlanapolis Gas 5s A
1952
Indianapolis P St L 3y<s>—
1970
{International Power Sec—
A6 Vis
series C—
1955
A6Vis (Dec 1 1941 coup)
1955
A 7s
series E
1957
:
A7s (Aug 1941 coupon)
1957
A78 series F
1952
A7s (July 1941 coupon)
1952
Interstate Power 5s
1957
Debenture
6s
1952Iowa Power & Light 4 Vis
1958
Altalian Superpower 6s
1963
Power
Idaho
111
3%3
Lt 1st 6s ser A
Vis series B
1st St ref 5s series C
Pwr &
1st & ref 5
:
v
Jersey Cent Pow
Kansas
1942
(stamped)
Gas
A Jacksonville
Kansas Gas &
Light 3 Vis
2nd
f-a
89
Twin
101 Vi
City Rapid
Electric
United
Light
24%
United Light St
1st lien
110%
99%
111%
91
99%
93
100
&
series
1st lien
v
&
Wash
Ry &
106
Wash
Water
Power
94%
101
West
6
101
3
89
26
13
A5s
6s
:
6s
89
Electric
Penn
Western
89
4Vis
Metropolitan Edison 4s
4s
Co
E
Milwaukee
Minnesota P & L 4Vis
1st
&
ref
28
18%
.
5sJ
Elec
Gas
New
New
deb
82
64 ya
82
A-O
31%
31%
31%,
24
32
12 Vb
25
•
-
•
J-J
k
_____
J-J
1956
A Income
26
17
16%
•
:
■
^
M-N
1968
18%
13%
107% 108 %
28
105%
5
107%
108% 109
*115
98%
J-J
117%
wWJ''
98%
1952
J-D
90%
J-D
111%
89
96'/*
5
90%
107%
40
109 %
115
11
108% 109
1949
111
25
108%
85
100
109 y3
4s
27
16 Vi
90%
19
29
112%
109
Co—
107
108%
8
106%
100% 101%
101 '/a
109
96%
117% 117%
101%
116
117%
98 Va
1944
F-A
2022
A
Af-N
98%
98%
100
102
19
3
20
95%
12
•
98%
96
102
1954
M-S
>
1951
1964
J-D
5s
2030
A-O
1960
19%
J-D
3%s
J-D
Traction
5s
64
4%
*109% 109%
*109% 111
,
24
108%
109 %
109
110%
108
108
108%
102%
108%
—
*110
117%
110
118y4
:
Rys
Co
5s
stpd
f-a
5s
97%
f-a
/
1937
80%
89
90
J-D
1947
2
97%
78
89
89
J-D
90
6
:
85%
V
■b:
1
98
-■
63%
80%
75
1
95
73%
95
29
74%
111%
28
29
111% 111%
26
27
85
82%
53
85
108
54%
>29
105% 105%
30
30%
36
4
105%
12
16%
%
54%
BONDS
108%
31
62%
2
108% 108%
18
46
New
,Z
York
Week
Curb
<"
June
Friday
■
Exchange
Ended
Period
107%
109
106%
106%
109%
ACauca
'-.109% 109%
1
19
or
Friday's
Danish
108% 110%
Valley 7s
;v;.
5%s
5s
1948
J-D
M-N
1953
^
Sold
Range Since
January 1
Low
No.
High
High
*52
A-O
J-J
1955
,•
Bonds
Sale Price Bid & Asked
Low
108%
108% 108 Vi
Week's Range
Last
Interest
4
62%
98%
f-a
98%
M-9
Af-N
1109
86%
F-A
1952
J-J
,
V
__
*52
46
*21
14%
.,44%
23%
50 y4
*46 y4
__
so vi
42
54
::
52
23%
52%
48
Af-S
59
AMaranho
102%
AMedellin
7s
stamped
Mortgage Bank of Bogota 7s
59
1
49
107% 108
j-d
j-d
111%
100%
1101% 102%
110%
109%
110% 111
Af-N
101%
108
110%
98%
100%
1101% 102
2
105%
103%
106%
AExternal
.
ALlma City
106%
105% 105%
j-j
2
62%
106% 108
12
106%
109
107% 107%
22
103 Vi
107%
110% 111
12
6%s stamped
(Peru)
Af-N
110%
f-a
6
101%
117%
101%
j-j
MS
22
1
109
MS
a-o
101%
22
j-d
109
2
108
114
101% 102
38
97%
112%
62%
13
26
20
35
16%
24%
32
36%
32
35
J-D
*29
*24
Af-N
*36
__
of May
1927
Alssue
of
1927
A-O
*36
'•
„
*20%
25
18
20%
*48%
50
45
49%
*34%
36
22%
35%
25%
1972
26
10
17
30
6%
7
144
2%
9%
6%
J-D
1958
M-S
1959
J-J
1919
J-D
6%
1921
J-J
6%
Parana
A Rio
de
(State)
Janeiro
7s__
6'/2
s
1931
_
J-D
•„■
__
ARussian
62%
62
62%
14
50%
62
61%
62
28
50
M-N
1954
j-d
1949
j-d
♦No par value,
62%
Af-N
107%
91%
92%
23
93%
94%
62%
109
76%
82%
102%
Cash sale,
*
6%
25
2%
9%
x
a
Deferred delivery sale,
Ex-dividend.
106
1
.
e
Odd-lot sale,
n
Under-the-rule sale,
.
week.
above—"cod," certificates of deposit; "cons," consolidated; "cum," cumula¬
"n-v," non-voting stock; "vtc," voting trust certificates;
"w w," with warrants; "x w," without warrants.
Abbreviations used
tive; "conv," convertible; "M," mortgage;
102% 103
d Ex-interest,
{Friday's bid and asked prices; no sales being transacted during current
ABonds being traded flat.
/
{Reported In receivership.
94%
27
r
92%
30
-
6%s
A5%3
114%
49%
62
1108% 108%
Government
102
1961
1948
Nov
30%
26
M-N
1951
117%
62
94%
20%
20
1947
AMortgage Bank of Chile 6s
Mortgage Bank of Denmark 5s
110%
1
117% 117%
12%
1113% 113%
a-0
15
11%
20%
1958
7s
Oct
1
15
19%
M-S
110% 113
101
f-a
10
15
*
CMes stamped_1958
Alssue
108%
Service—
24
-
4
■
28
31
1950
6s series A
*18
*16%
107%
F-A
123
1958
England Power 3Vis
England Power Assn 5s
Public
.
J-J
i—1979
113
1947
5s
Orleans
••
•
A-0
1960
122
1948
5s
5s
El Assn 5s
Debenture 5Vis
New
82
26
unstamped extended to 1959
stamped extended to 1959
6s
j-d
Conv
65%
80 %
112%
2022
Amsterdam
19
79%
126
1981
4Vis
A
New Eng Gas &
82 V*
80%
-79%
113%
1955
Nevada-California
New
82 y»
65%
F-A
A
series
65
12
65%
1123
a-0
Suffolk Ltg 5s
1945
SANational Public Service 5s ctfs—1978
6s
22
80 Vi
80
so y4
28
1112
1957
1951
5s
Power
82%
80'/2
80
74
28
26
•1106% 109
j-j
Nassau &
Nebraska
64%
80%
j-j
1967
1978
Gas Light 4Vis—
5s
Mississippi P & L 5s
Mississippi River Pow 1st
39
79%
US
1943
Middle States Petrol 6Vis
Valley RR
80%
79%
Agricultural Mortgage Bank (Col)—
A 20-year
7s
April 1948
A20-year 7s
Jan 1947 "
Bogota (see Mortgage Bank of)
1965
1945
G
series
104
:
Danzig Port & Waterways—
1948
1947
1971
conv
AMidland
96%
62'
72
Newspaper Union—
IA York
Radiator & Mfg—
stamped—
Mengel
4
6
108 Vi
79 Vi
•80%
-
1946
5s
debs
income
Penn
West
103
80%
80
72
106%
—
Elec 4s
99%
Extended
McCord
52%
F-A
1948
5s
series
45
62%
j-d
22
Waldorf-Astoria Hotel—
.
A-0
69 VB
.-1950
4%s
gen
6s
104% 105%
128
108%
105
1
80
a-o
107
17%
Af-S
108%
103
105
J-D
1952
111%
28
j-d
105%
106%
100 y2101
A-O
1067/e
128
30 Mi
106%
102%
1957
6s
A
AStamped
53%
105
103%
47
*107% 108%
-V
'
so y8
F-a
102
115
105%
103 Va
V 3
1966
1959
110%
108%
j-j
103%
71
F-A
5%s_1952
Railways (Maine) —
104%
112%'
Af-S
103 %
100 ya
68%
100%
A-O
">
(Delaware)
19
105%
j-j
100%
27
1957
J
18
86%
91%
21
105
A-O
5s
106% 106%
89
84%
85%
*107% 109
Af-8
5%s
cons
Debenture
124
J-J
4
Utah Power & Light Co—
96
86
j-j
91
104% 105 Va
V M-N
1-951
& Power
19%
111%
131
92
106% 106 %
1989
Transit 5 %s
N
24%
99%
89%
114
131
130
"
*104% 104%
105 Va
2022
3%s
United Lt St Rys
1107% 109
27
—-N
1
2022
88
1116
26
F-A
1970
.
Power
Edison
-
United
U-N
f-a
68%
A
Water
Toledo
78%
A-O
j-d
79
108%
103 y2 103%
F-A
8s
Service
56%
102% 102%
89
154
103% 103%
J-J
stamped
78
100% 100%
Af-N
j-j
j-d
1968
1957
Superior Dist Pow 3%s_:
Louisiana Pow & Lt 5s
«
Lake
105%
Af-S
1966
2022
1969
Electric 6s
Kansas Power &
j-d
103%
Z
1951
deposit
106% 107
106%
106
138%
98%
•
98%
1108% 110
A-0
a-0
103 j/4
(Calif)—
Light
of
44
197
j-d
1965
& Lt 3 Vis
Electric Power 3 Vis
99%
9
Industries—
(Hugo)
94»/2
till
j-d
Jan 1949
Jan 1949
Hygrade Food 6s ser A
A-0
A-0
stamped—s
series
;
6s
Houston Lt 81 Pwr 3Vis
109%
13
91
A-0
May 1948-
&
•123%
Af-N
106%
25
*91
1970
Dec 1
56%
187
90%
77
11
89%
*128
M-S
;
56%
j-j
L
Texas Power St Light
108 %; 111
1
1100% 101%
j-d
1948
98%
98
109
j-d
1945
&
98%
j-j
1958
Products
West 6s
jAGuardian Investors 5s
Grocery Store
Guantanamo
US
A-0
May 1948
Electric
Texas
103% 103%
100%
Electric—
Power
3d
7-4s
97
Tide
Glen
112
106 Va
29
96%
103%
Af-S
J-D
J-J
Corp Inc 5s
(Hugo) Corp—
Stinnes
107%
105
105
a-0
j-j
51
112
91%
87%
J-J
gold debentures
Stinnes
107
j-d
.
Georgia Power & Light 5s
|52
110%
*109% 109%
3%s
Gas
Gas
&
Certificates
stamped
J-D
1947
6s
Finland Residential Mtge Bank—
6s-5s
A-O
1957
AStarrert
103
'J
4
•
148% 148%
1965
stamped
Standard
104
106%
97%
105 % 106
148%
3s
Edison
6s
6s
99
123%
*104% 1051%
105% 105%
105%
M-N
1967
Rys 4s
&
Debenture
90
87%
'
* Z
J-D
1951
(stamped)
Conv
103%
1
•:
,
109% 109%
1951
mtge 3s
Standard
85
*123% 124%
Af-S
El 53
*90
1952
.
___
.
5s
Power
California
Debenture
Electric Power
6s B
6s
Southwestern Gas & Elec 3 Vis
95
8
76
105
111
J-D
1979
Spalding (A G) deb 5s
82
Y''-
'
109%
109%
115
.2
*111% 112
110%
124
—
•
107 V3
107%
2
99%
Af-S
1970
California
Southern
1
:
105%
105%
111
111% 111%
—
1971
Southern
Eastern Gas & Fuel 4s ser A
*122
•r.;'
iy
A-O
>
A-O
1952
_
Wyoming Coal 6s
98%
M-S
104
37
102%
>/
:JS.
106% 106%
'A
30%
■
12
__
108
99
M-N
_
D
series
86
1955
33/4S
108
104
.•
■.
■
1949
—
Shawinigan Water & Pwr 4%s
Southern
J-D
108
J-J
104%
Jersey—
Estate
South
109%
101%
■•••
__
1959
.
95,
1
101%
33
112% 112%
1964
4%s
94
F-A
J-D
—
Af-8
109
100%
Colorado—
A
Southern Indiana
110% 110%'
*109%
110%
106%
*108
J-J
1956
New
93%
.
__
__
:■
109 V*
1
,
certificates
43
119
9
105%
__
F-A
1962
y
___
85
■
;.
j-d
109%
107
15
.
*105% 106 y4
J-J
108
107%
105%
—
39%..:
105
__
Af-N
1950
6s
Co—
*37
__
M-N
<
1972
5%s
4Vis B
83%
7
J-J
1977
1961
84%
21
1958
Federal Water Service
1964
E,
120
,-/•
1944
;
.
5s
of
Real
Sheridan
Cuban Tobacco 5s
District
103% 104%
Joaquin Lt & Pwr
89
Continental Gas & El 5s__.—;
Empire
104%
1955
Transit
(Can)
series
1
J-D
Packing
F-A
5s
Scullin Steel inc mtge 3s
(Bait)—
series N
Cudahy
107%
Power
Harbor Water
104%
1971
v
1st ref mtge 3s ser P
-—>—1969
1st ref mtge 2%s ser Q
1970
Consolidated Gas (Bait City)—
Gen mtge 4Vis
1954
3 '/4 s
110%
107
A-O
109%
106
2
101 Vi 101%
F
Service
103
331
93%
Af-8
7s
Pr
110
101%
Coke
Edison
1
97%
93%
A-0
El Lt St Pr
Gas
110%
F-A
82 Vie
107
106%
F-A
extended
perpetual
5%s
100%
45%
27
104% 104%
5%s
& L
P
Connecticut Lt
J-D
"V
M-N
—;—
5 Vis
Consol
M-S
«*.-•
1969
5s
Debenture
Service
1968
1958
Debenture
Cities
A-O
1950
B
108% 108%
*106
107
54%
Queens Borough Gas St Electric—
.
100%
54%
*101% 103%
mi** "
*106
a-0
•
39
100
101%
22
1962
Sinking fund deb 4s
Public
108
107
.
27
Af-N
1968
4s
mtge 3%s
99 %
81
3%s B____Aug 1955
1948
Light
&
series
6%
85%
Gas
Corp
1st
103%
2
99%
—
80
A-O
Public Service Co of
101%
15
105 ■'!$
105
'
6s
:
1st mtge 3s
Elec
stamped
ASchulte
1952
108
1979
Potomac
104
103%
32
102% 102%
107
J-J
5Vis—_r—1953
§AChicago Rys 5s ctfs
J
1927
F-A
*112%
1970
Power
102%
105
104% 104%
105
99 Vi
J-D
1948
33/4S_
Elec
1969
5s
Portland
1150
Af-S
>—1970
Power
States
Vis
St
Power
Philadelphia
116
Af-N
Q-F
81
1945
Philadelphia Rapid
117
115
1962
Gas
115%
J-J
Pennsylvania Water & Power 3%s_1964
"
Central
115%
J-J
1948
Penn Central Lt & Pwr 4%s
107
117%
1968
2%s_
Northern
107
3%s>
Service
23%
M-9
1998
River Power
Canada
105
25%
1960
6V2S—
Edison
106%
1971
13%
1957
Birmingham Electric 4Vis
Boston
Public
5s
Bethlehem Steel ,6s
Inc
*106
3s
Oklahoma Nat Gas
of Canada—
,1st M 5s series B
5s series C'
Blckford's
J-J
5%s
mtge
High
112
2004
5s
1st
81
J-D
—1950
6s
Telephone
1st
mtge
24 Vi
uoo%
J-D
Low
111
4s
3 Vis
1947
warrants
January *
No.
113
Oklahoma Power & Water 5s
Baldwin Locomotive Works—
Bell
Gas
Power
1st
25%
23%
72%
Range Since
Sold
till
3%s series A—
69
107% 107%
Bonds
High
Af-N
108 Va
|107% 107%
—
m-s
Friday's
1964
1954
Utility
80%
J-J
or
33/4S
5s
Cont'l
23%
v
»
Gas
Westchester Ltg
23%
v
Week's Range
Last
Sale Price Bid & Asked
Northern Ind Public Service—
P.)—
(B.
without
23%
1955
Assoc T & T deb 5%s A
A-0
.
24
1977
.
F-A
■
&
Nor
24%
23%
1968
Atlantic
5s
J-J
1950
,
5V2S
Avery & Sons
Af-s
1949
_
5s
deb
AConv
&
Ohio
1948
4Vas
AConv deb 5s
Y
68%
68
68%
Period
110 Va
Co—
4yas
AConv
N
107% 108 y4
108%
J-J
Interest
4
105%
96
5
108%
Y State Elec
107%
107%
93
Friday
Exchange
June
Low
104 Va
105
60
Curb
Ended
High
103%
■
109%
124% 124%
A-0
AConv
1
— —
102% 102%
'
J-J
-1953
lAssociated
York
Week
N
3V2S
Amer
Low
New
Co.—
2%s
1
bonds
Bonds
■
Sale Price Bid & Asked
Low
2133
"w
1," when issued;
Chicago Stock Exchange
Baltimore Stock Exchange
Last
Range
Range Since January 1
for Week
Range Since January 1
Shares
of Prices
Sale Price
STOCKS-
Sales
Range
Last
Shares
of Prices
Sale Price
STOCKS
Week's
Friday
Sales
for Week
Week's
Friday
lists
May 29 to June 4 both inclusive, compiled from official sales
inclusive, compiled from official sales lists
May 29 to June 4 both
Monday, June .7, 1943
CHRONICLE
THE COMMERCIAL & FINANCIAL
2134
'
'
Low
Par
*
Arundel Corporation
510
18%
18
18
High
Low
High
16
19
Jan
Mar
Abbott Laboratories
Steel Co
Acme
Transit
Baltimore
1st
Co
11%
—100
preferred v t c
2.50
2.85
11%
1.00 Mar
2,053
11%
2.85
vtc—*
common
2.85
Jun
Allied
Jan
12%
Jan
Allls
1,973
9
Consol.
•
•
1
•.
61%
19
61%
9%
61%
Light & Power com.'
Elec
Gas
■
9%
57%
62% May
Jan
6'A
Jan
t c_——1
50
9%
Feb
Fidelity & Deposit
-.-20
10
—
Fidelity & Guar Fire Corp
of Amer A com—
5
85
135V4 135%
38 %
.40
9%
125
25 %
9'A
Jan
Jun
Jun
40
Jan
10
9%
135%
Mar
37
40
9%
Tel
&
Mfg
&
'—25
Co
Mfg
Truss
Co
Aviation Corp
Vernon-Woodbury Mills com——100
Mt
Preferred
1.80
6
3.50
3.50
—
27
Jan
3.50
Jan
May
Belden
26
77
Jan
84
Apr
—2
—.—1
26
26
84
22
Jan
26%
Apr
48c
50c
200
35c
50c
Jun
~—_—50
33
33
209
29%
33
Jun
Mar
Bliss
Fidelity & Guar
32%
Mfg
Borg
Co
Jan
Bonds—
,
54
56
$48,000
49
Mar
56
Jun
Burd
64
18,000
55
Mar
64
Jun
/'
cumul
Range Since January 1
Low
High
High
3%
3%
25
Jan
3'/a
Jun
100
31%
32%
135
17%
Jan
32%
Jun
154% 155%
1,836
127%
Jan
155%
Jun
31%
Apr
Sugar Refining
American
Tei
100
Tel
&
Anaconda Copper
155%
29%
652
110% 110%
50
-
25
29
3
& Co
Bird
100
24%
Jan
11%
12%
97%
98%
29%
29%
30
3,088
100
Herald Traveler Corp———•
67%
66%
68
18%
18%
18%
—
.
Edison
*
100
Albany RR
&
——.
Elevated Ry
Boston
Boston
9
112
Jan
Jan
225
12%
98
25
Inc—
Son
&
Boston
Boston
104
5 '/o
8%
class
8%
class B 1st preferred stmpd—100
1%
class C 1st preferred
32%
class D 1st preferred
10%
Boston Personal Prop
Service
Cities
Co.——_!
Range
Copper
——'•
12%
6%
1st preferred series A—_—-100
110
6%
preferred
class
B
100
,—100
_
5% preferred adjustment
Eastern SS Lines common—.
7
National Stores
Gilchrist Company
Gillette Safety Razor
Co
1%
Copper
*
8%
20%
Jan
Feb
4'A
ft Jan
Jun
9% May
25%
19%
Feb
Mar
83
1
Jun
Mar
l'A May
>
106
May
40
92'A
Jan
60
26
Jan
49'A May
9% May
520
9%
33A
Apr
Mar
18%
18%
50
17%
Jan
19
11
100
9%
Jan
11% May
4
7,150
2
Jan
4'A Mar
Jan
44% Apr
3%
37A
42%
1
*
—
Convertible
42%
Chicago
Yellow
Corp
Cab
110
—*
preferred
capital
_—
15
38%
150
42%
10
110
Jan
104
110
Jun
Service
Cities
Co.
110
11%
Jan
15%
Apr
434
6 7'A
Jan
80%
Jun
14%
15
80%
17%
17
18
2%
2%
1,000
1%
Feb
2%
Apr
24
23 %
24%
2,750
21'A
Jan
24%
Jan
4%
4%
550
2%
Jan
15%
15%
20
10%
Jan
16%
22%
1G
common
May
Edison
Biscuit
Consolidated
23%
277
16%
Jan
23% May
24%
25
19%
Jan
24%
\:
25
common
1
common
32%
Apr
Jun
33A
2,450
18
Jan
May
5% May
Consumers Co—
Continental Steel
15%
24%
*
common
Jan
8'A
Jun
2%
Jan
8'A
Jun
Cunningham Drug Stores
2%
Jan
8'A
15%
98
11%
Jan
15'A
Jun
34
80
23
Feb
35
Apr
Apr
Apr
May
Crane Co common
Deere
Co
&
Diamond
Motor
20'A
21%
506
14%
Jan
21%
Jun
18%
20
372
10%
Jan
20
Jun
94%
93
94%
Apr
22
22
36
37%
15%
30
—100
2%
!
Car
21%
20
25
i
common
T
Cup Co
15%
37%
*
150
83
Jan
96%
200
17
Feb
22
Jun
450
V
26%
Jan
37%
Jun
40
9
Jan
16% May
14'A
14%
123
10
Jan
14'A
Jun
*
12%
12%
12%
200
10
Jan
13%
Apr
5
15
1
6%
6%
6%
1,900
Jan
6%
Apr
29%
29%
29%
200
17%
17%
100
6%
60
33%
—2
common
——*
common
8'A
260
6%
Jan
9'A
Apr
17%
170
3%
Jan
17%
Jun
! 6%
7%
270
4%
Jan
7% May
Jan
1% Mar
Eversharp
2% May
Fairbanks Morse common
Dodge Mfg Corp common
90c
100
95c
%
100
2%
Jan
Jan
59
Apr
Jan
7
Jun
Jan
110
National Watch Co
Inc common,,—
100
42
7
845
2
106% 110
80
98
25
Jan
6
Jan
4%
%
Jun
Gardner
Jun
General
Apr
12'% May
13
Mar
31%
381
27'%
Jan
7%
300
2%
Jan
34%
30
Feb
17®,a May
Feb
41% Mar
40'A
40%
20%
20'A
150
5%
5%
1,250
16%
16%
200
14
Jan
50'A
51'/a
165
37%
Jan
4
250
2
Jan
39%
41'A
182
34'A
Jan
4l'A
52%
*
5
,1
Denver
Amer
Co
5%
*
;.
common
16%
common——
common——5
General Finance Corp common——1
Transport
Foods
General
V
55%
55%
3%
4
————,*
common,
15
20 %
Mar
3%
Jun
5% May
Jan
16% Mar
51%
Jun
4% May
Jun
Apr
General
Motors-Corp
common
10
2,122
44'A
Jan
7% May
General
Outdoor
common
*
5
5
100
3%
Feb
5% May
9
9
110
4%
Jan
9
May
Adv
55%
*
Jun
Safety Razor common—_—*
,,
Jan
38%
Apr
Goodyear Tire & Rubber common
*
Gossard Co (H W) common.-,—:
.—*
38%
39
175
25
Jan
39
Jun
13
12%
13
600
10
Jan
13
Jun
25
26.08
Jan
31.55
Jun
Great Lakes Dr
19%
19
19%
450
17%
Jan
21
Apr
30%
Jan
38%
Jun
16%
16%
40
12%
Jan
16% May
6% Mar
Jan
4
4% Jan
30
9
200
90c
52
Feb
Jan
23
31%
13
90c
3%
48
37%
9
Brewing
Mfg Co common,———.
17'A
60
31
(Peter)
Fuller
42%
8% Mar
12%
Fox
11
300
9
/
Feb
58
57%
Household Util Corp
Electric
9 % May
Feb
1.00 May
& Dk com—,:——*
Co common————10
Hall Printing
53
15c
15
37
53
Jan
Jun
Inc
Horders
1%
1%
32%
33%
313
5%
5%
1,160
450
75c
28%
3
class
Feb
Hupp Motor Car common,
Jan
35%
Apr
Illinois
.39
39
39
35
30%
Jan
39
Jun
16
16%
70
14%
Jan
16% Mar
Indiana
5%. Jun
250
10%
7% Jan
Apr
50
11%
Feb
9
May
13% May
32%
50
30
Jan
33
16%
1,050
10
Jan
16%
518
15%
2
—
Jan
6
May
Jun
2% May
13
Jan
1%
Jan
3% Mar
7%
Jan
•
3%
850
15%
870
22
22%
350
19
Jan
16% May
23% May
15%
16
141
11%
Jan
17% May
4'A
Jan
2%
2%
15
.100
Indiana
16
150
9
13%
32%
16'A
——1 1
Brick Co capital———,—. -10
Corp (Del) common——.—_5
cumulative preferred———50
9%
.2'/a
8%
__
—•
B—
1%
9%
13%
common——*
(Geo A)
Mar
Feb
,
8%
——*
common—-
Hormel & Co
,_
—10
—1
Harnischfeger Corp common—
capital-.——
Loew's Boston Theatres——.—.—25
22'A
Independent Pneumatic Tool vtc.
Power & Light common
«
100
Central RR common——100
5%
5
5%
370
2%
Jan
—-——100
30
32%
346
12%
Jan
1%
181
12c
Jan
150
35%
Jan
preferred
—
—
Associates
Util
Mass
v
———*
Mergenthaler Linotype
Narragansett Racing Assn Inc
Nash-Kelvinator
1%
-1
t c
44%
44%
4%
4%
10
13%
11%
13%
855
;—,1
5
—
2
National Tunnel & Mines———*
England Tel & Tel
New
N
——100
Hartford RR
Y N H &
100
,
North Butte Mining
-,2.50
103%
1%
60c
46
-
2
103'% 104
1%
1%
3%
.
Apr
6%
Jun
33
May
1% Apr
48% May
6%
68%
69%
250
63
Jan
73% Mar
International
68
70
583
57
Jan
70
Steel
Products
Harvester
Jan
5%
Apr
Katz Drug
Jan
13%
Jun
Apr
2% Mar
Apr
108% May
2% Mar
Kellogg Switchboard
Kentucky Utilities—
Junior cumulative
86
200
1*6
Jan
60c
67c
838
24c
Jan
35c
50c
155
15c
Jan
85c
common,.
Co
common
Mills
—
Pennsylvania
—
RR
*
,—,50
——
26
30%
26
x30%
26%
95
31%
923
19
Jan
28% May
23%
Jan
32 %
Apr
——,—25
Shawmut
—!
Assn.
Jan
12%
Jun
Marshall
10% May
Masonitc
35%
185
29%
Jan
35% May
5
33
32%
33%
420
29'A
Apr
37
5
12%
12%
12%
120
7%
Jan
Co
•
71%
69 %
72'%
961
Apr
12% May
72'A Jun
Midland United conv
60 %
72
568
63'A
Jan
72% May
56
Midland
42'A
Jan
46
Apr
25%
Jan
43%
Jun
23c
Jan
48c
Apr
&
Tunnel
1
Vermont & Mass Ry Co
System
45%
45%
30c
107
107
Westinghouse Electric & Mfg_„
1,050
•
A
Class
1
common
West
Middle
Income
Maine
mtge
15
90'A
Jan
11%
11%
135
7%
Jan
11%
Jun
,50
93%
97'A
325
80%
Jan
97'A
Jun
107
Jun
Utilities—
prior lien
7% prior lien
Miller
&
$1
For footnotes
see
page
2139.
56
%
2%
Jan
12% Jan
4% May
19%
Apr
27%
50
19
Jan
27%
15%
950
10
Jan
15%
Jun
32%
Jan
41%
Jun
13
Jan
27% May
6'A Mar
Jun
j
90
500
$8,000
40%
5%
Jan
56
Jun
6%
5,900
1%
Jan
6% May
4%
6
4%
100
3%
Feb
4'A Mar
8%
8%
2,350
4'A
Jan
3,100
8%
12%
12%
A
%
13
&
Jan
9%
13
Apr
May
% May
Mar
4,400
6
5%
6
250
1%
Feb
7% May
6
5%
6
200
2
Jan
7
2%
1%
2%
5,850
1
Jan
10'A
May
Hart—
Montgomery
National
55
Jan
1% May
8
May
8%
100
100
stock
v
t
—*
—10
c
prior preferred
National
series A—1970
16'A Mar
s
6%
Monroe Chemical
RR—
4%%
Jun
Jan
el
*
*
pfd
Co
common
Ward & Co
Cylinder
Standard
—*
common
Gas common
National Pressure Cooker common
&
1% Mar
Jan
9%
2,500
5
capital
Corp
Common
Common
BONDS—
Boston
% Feb
48% May
27%
Mickelberry's Food Prod common—„,1
Feb
•
100
Inc
common
200
Jan
Merch & Manufacturers Sec-
43%
30c
McCord
Apr
1%
el
el%
41%
Corp.
4%
14% May
5
750
150
27
34%
70
1%
4%
19
26
34%
41 %
18%
41%
*
72
4%
'
„
26
Feb
10
l'A
1%
•».»*
41%
Jan
1%
23
25
150
*
Rad & Mfg Co class A———*
5%
50
—
26,150
'
41
100
8
14
15
183
(The)
l'/a
6%
15%
common
9%
Mar
May
110
48
•
Field
2%
Rubber
Waldorf
9%
9%
United Shoe Machinery Corp
6% cum
preferred
;
Metal
380
2%
Fruit
Utah
12%
3
May
8
13%
5
Inc
Drug
United
S
Lynch Corp. ^common
2%
Drill
United
U
12
1 % Mar
5
Jan
7%
*
*
9%
Co
Twist
Union
12%
Jan
Jan
5%
13%
.—7
—
*
Electric Securities
Torrington
*
66c
3'A
200
46%
48
preferred,.—
Lindsay Light & Chemical common—*
Lion Oil Refining Co capital
*
common,*
& Webster Inc
Stone
Suburban
50
300
7%
1%
Printing $3.50
Lincoln
Loudon Packing common
Quincy Mining Co
4%
7%
*
vf—50
Common
Pacific
Jan
,
Apr
1.00 Mar
Jan
9%
20
3
14
,1
—
Ui- •
preferred
•<
Libby McNeill & Libby common
———100
Old Colony RR——
1
700
4%
14%
—1
common.,.
Mar
14%
3
Co capital—
(W B)
Jarvis
6'A
194
6%
common- —1
Interstate Power $6 preferred—.A
2
65
'
6%
6%
Inland Steel Co capital
Maine
,
May
77%
*
5
common
Illinois Central RR common
6 %
65
11
11
—5
preferred
1%
31.55 31.55
5%
Jan
Towel-
Chicago
135
37%
.-*
Jan
5'A
49
48
*
—
100
5%
——
Jan
3%
104
104
pfd—*
common,,
225
5%
Lamson
12%
25%
%
50c
com—
common
8'A
7
—15
16% Mar
100
100
1,500
16
16
3% Mar
4,400
8%
1,241
—
Apr
Jan
1%
Corp
Houdaille-Hershey
Royale Copper—
Kennecott
1%
*
8%
7%
485
preferred———*
$7 convertible
May
300
Jan
Heileman Brewing
Isle
19
50
3%
5%
17% Mar
Jan
Cudahy Packing common
7% cumulative preferred
2,380
9
Jan
18%
3
i«
8
38%
*
13
18%
69'A
8'A May
37%
Co——,—
May
15%
19
17%
Bakeries class B___——_,*
Hathaway
34
60
Jan
——*
;
Jan
33
150
14
——*
General Electric
26%
17%
150
68'A May
42%
Capital Corp-—-————1
General
600
7% May
Jan
Jan
U
Jan
8%
—*
,
Jan
4%
4
18
Chicago Corp common
Gillette
First
13%
79%
Jan
14
31%
50
17%
62%
37
1
Apr
150
32%
Club Alum Utensil Co common——,*
12'%
•
Feb
9'A
39% Mar
350
—1
Commonwealth
17
—*
Stores
Employers Group Association
Engineers Public Service ——
15%
Jan
Jan
7%
25%
May
42%
Economy Grocery
53A
!
34
79
Jan
2%
58
.■
5'A
—
May
:
^
150
V.
675
9
31
Eastern Gas & Fuel Associates—
prior preferred
100
Eastern Mass Street Ry common—_100
,
4%
101
Jan
■"
18%
pfd_,
Power & Light
Convertible
9
8%
——
Burrell
Cherry
Elgin
4 % %
Jun
1% May
13% Jan
550
15%
79
$6
1%
95c
———10
East Boston Co
Jun
6'A
1
38%
4%
preferred—
Belt
Chain
20
9
common
,'17%
7
20% May
17%
Secur
2
8
—5
—————-.10
6% May
Jan
16
200
Serv
Pub
Dixie
Calumet & Hecla
Jan
common—,,—10
(AM)
Illinois
33%
*
Trust—
Jan
3%
.
17%
.,,30
preferred—
15
Providence RR—100
&
Boston
'A
3,300
——i
Jan
60
8%
8
8%
920
5%
1
332
8
8%
stmpd—100
stmpd_100
1%
.—10
—.—
1,450
7%
8
1st preferred stpd—.100
B
Jan
33
.
.—5
common
Jan
2,328
2%
1% Mar
5%
*
328
32%
150
20%
Jan
7%
Container Corp of Amer common—,20
prior preferred
100
class A 1st preferred,———100
7%
6'A
38
.—1
24
8%
Jan
Apr
Maine RR—
30
%
9
7%
Voting trust crtf pfd part shares—50
Boston &
10
7,750
15
.
5
81%
546
3
1,250
1
; 38%
1
—5
—.
Illinois
Chrysler
——,—
Bigelow-Sanford Carpet Q% pfd
Apr
8,400
1%
20
.—,1
capital
Preferred
Alles & Fisher Inc__———— 1
American
—,
common
conv
Central States
Shares
6
Jan
5%
20%
5'A
:
:
1—5
.
Ring
Prior lien
for Week
Low
t
5%
-
Central & South West Util
official sales lists
Sales
of Prices
Par
Jun
6'A
!
*
common—
Central
Exchange
Range
Last
Sale Price
STOCKS—
155%
1%
5'A
19
•
common
Central
Week's
Jan
Wire—
Brothers
■Castle
Friday
128%
wi"/
3
-—
Piston
5 %
Boston Stock
1,226
1%
———
(E J)
&
Fence
Butler
May 29 to June 4 both inclusive, compiled from
154% 155%
4
Corp
Corp
Sons
&
Brown
63%
56
37% May
common
Bruce Co (E L)
—1975
1975
Transit Co 4s—
5s series A——
17
Jan
common-,—3
capital'
Warner
Common
Baltimore
Jan
5%
(Delaware),,;
& Laughlin Inc
Brach
U S
12%
25%
20%
capital—
Berghoff Brewing
84
25%
Oil Co———
Amer
Apr
100
465
1
Jun
83%
Amsterdam Casualty—.
North
Jun
16%
37%
5
Belmont Radio Corp
—
Bendix Aviation common—
-100
.
—
51%
9% May
Binks Mfg Co
New
62% Mar
Jan
36%
-
—
Bastian Blessing common
22%
725
27
27
pfd—25
Oil of Texas vtc
Houston
Jan
41'A
16%
—,1
—
common;
Automatic Washer
51%
100
:
16%
IlOO
capital
common,,!
Wheel
51'A
37%
*
common,,
Co
114
61%
51%
High
Low
High
61%
—'
——
Co
Tel
Equipment Co
Asbestos
Athey
Finance Co
common
Laboratories common
Armour
Aro
■
m
common.
Chalmers
American
Eastern Sugars Assoc com v
LOW
Par
common
Noblitt-Sparks Ind Inc capital—
*
1
2
10
5
10%
3'A
48
—
8%
10%
300
3'A
3%
500
44%
48%
710
14'A
14%
—
8'A' 8'A
35
35%
36%
35%
36%
60
350
300
260
8%
Jan
%
Jan
33% Jan
9%
Jan
4%
Jan
2% May
11% May
3% May
48%
Jun
14% May
8'A
Jun
26'A
Jan
35%
23%
Jan
36%
Jun
Jun
Volume
THE COMMERCIAL &
.Number 4183
157
FINANCIAL CHRONICLE
2135
OTHER STOCK EXCHANGES
Week's
Last
Northwest
Airlines
Northwest
Util
'•
Inc
Bancorp,
West
common
Parker
Corp
Pen
Peabody
6%
•
Coal
'7%
Gas
& Elec class
RR
A
—
Poor & Co
17
17
30%
100
55%
11
L,'
—
_
8%
•;
May
May
4% May
Jan
Jun
17% Mar
1% May
Jan
%
490
23%'
Jan
56
205
46'A
Jan
12%
600
4'A
Jan
12%
2'A
300
%
Jan
13%
465
6%
Jan
2% May
13% Jun
iJv 13'4
Feb
33
May
Pressed
(The)
v vv
■
_
Steel Car
Process
Corp
Quaker
—
•
_
90
V; w'*.'
50c
common
preferred
Sears
__
...
Cummins
Roebuck
&
South
Standard
Works
5
capital-
13'A
3%
Jun
Apr
,-i
Jan
21% Mai-
7%;
Jan
14
May
Jan
78
May
19
100
50
459
100
59%
23%
Jan
150
•! Mar
9%; Jan
4%
17%
17%
Jun
11%
2,700
10 Vi May
11%
Jun
23%
fll
23%
27 Va
Apr
6 Vr;.:
1
■
6
2%
common
common-
.:
3
2'A
6'A
.
23
Jan
3
300
1,450
,
2%
1 Jan
tiiim
200
; 6»A May
2% Apr
Jan,
'
Standard
Oil
of
&
Swift
International
Co
&
Cleveland
Cliffs
T
Corp
Thompson
(The)
R
B,
Co
Tire
Bros
&
a20'A
•
Hanna, M A, $5
Co
Interlake
Steamship
Lamson
&
U
S
Gypsum
United
U
Air
Steel
S
1%
Co
Portland
Metropolitan Paving Brick—
National
Acme
National
Ohio
Tile
Brass
class
Richman
Oil of
Walgreen
Wayne
Co
Prod
Co
Western Union Tel
Stores
Works
1
27
Jun
Addressograph-Multigraph
35%
Apr
Firestone
\\
35% Jun
28'A; Jan
7
1,885
195
[
Jan
14%
Jun
Unlisted—
18% Mar
Jan
50%
325
51%
'
12
12
,11%
12'A
?
-
550
>
Jan
51%
Jun
Industrial
12%
Apr
Interlake
;
12% May
'
New
&
R
84%
70%
£ 27 %
28'A
55'A
5 ':>■
86%
56%
56%
100
Williams
4%
4%
Wrigley
(Wm Jr)
*
Radio
Unlisted
American
Corp
3%
4%
m
Radiator & St San
10%
com—
lio
Copper Mining
Bethlehem
Steel
Corp
Electric
Iron
Paramount
L)
Co
26%
Jan
Jan
97%
U
S
Jan
9
1%
Feb
4% Mar
5'A
Jan
Jan
Pictures
7'A
900
4%
Jan
'
8'A
670
32%
19%
Jan
850
6Vo
Jan
1,280
24%
Jan
57%
321
45'%
Jan
•58
320
56
Jan
.69
%
38%
Feb
122
60
Jan
Members
New York Stock Exchange
New York Curb
Detroit Stock Exchange
Chicago Stock Exchange
Ford Building
Associate
DETROIT
Telephone: Randolph 5530
21%
Jan
38%
Jun
Friday
6
Jan
9%
Apr
18
Ja'n
22%
35
13%
7,210
6%
Jan
13%
19%
652
10%
Jan
20
26%
27%
571
15%
Jan
24
27 Va May
37%
common
,
38%
480
26%
Jan
38%
17%
18%
639
9%
Jan
19'A May
12'A
11%
.
•
757
18%
17%
5
2,300
Jan
14
7%
12%
13%
1,300
5%
42'A
43% ;
212
25%
Jan
...1
common
Yellow Truck & Coach class B
Jan
-10
Corp common
Rubber Co
•
17'A
17%
303
12%
Jan
13%
Jun
12'A May
19% Apr
Jan
—1
Studebaker
Jun
•:•■;•
7% May
57%
Jun
Baldwin Rubber
Biscuit
Burry
Chrysler
Corp
Week's
Friday
Last
13% May
,,
43%
Jun
17%
Jun
Detroit
&
Detroit
Edison
Cleveland
Aluminum Industries
Laundry Mach
American
Products preferred
American
20
Chuyngold
—
Crank
100
Ball
Cincinnati
Telephone
Cincinnati
Union
Stock
Preferred
Eagle-Picher
class
Jan
10'A
*
■
3
V
A,
—*
—
—
Gamble
Rapid
—
'J*
Western Bank
—
.——
Jan
Michigan
60
Jan
100
7'A
Jan
248
9%
Jan
22'A May
97
2%
Jan
3% Mar
:10
9'A
56 'A
—
13%
192
7%
Jan
32
196
16%
Jan
32
•
20%
58
Jan
75
1
75
17% May
20%
40
'
27%
l'A
20
30
10
7%
3
22 »A
83
18%
9
42
Jun
19
Jan
Jun
Jun
May
l'A Jun
2'A
7'/a
8 Va Mar
20
Jun
—10
Jan
Preferred
—25
-1' ;
Products
Motor
Murray Corp
*
Gas
Brands
•
/
._
Bearing
«
;—
For footnotes see page 2139..
79
Jun
12
Jan
15
Apr
4%
7 '/a May
Jan
3
5
Jan
Apr
Jan
19'/a
Feb
2
Jan
4'A
Apr
26
Feb
17'A
=
27% Mar
3%
'■
Jan
6
Apr
3'A
Jan
6%
Jun
Jun
35
35
Jun
100
2
Jan
4 Vb
May
Jan
55%
Jun
2,313
55%
3Va
2% V
475
850
12
16 'A
10
76c
;>
100
1,472
2,118
700
700
100
44%
1%
83c
9%
9%
4%
51c
Jan
3 'A May
Jan
2% May
13
Jan
May
16'A
Jan
10
Jan
Jun
May
83c
Jan
IV2
25c
—
3%
3V2
1%
Jan
3%
2lA
Jan
4'A
2 Va
Jan
4
Apr
Jun
3%
500
IV2
100
1
Jan
300
13c
Jan
25c
1%
Apr
May
l'A Mar
28c
Apr
Jan
2 Va
Jan
l'A May
Jun
7% Mar
Jun
*
2Va
lVa
2Va
lVs
2Va
lVa
3,638
700
—10
6'A
6 Vt
5%
7'A
5%
250
100
4%
Apr
15%
I6V2
410
10%
Jan
16 Va
Jun
Jan
10%
Jun
-1
common—
37
Jan
—
*
I6V2
■
62c
6'A
5%
6
355
9%
Jun
24%
Feb
25
1%
Jan
4% May
32
8 % May
8 Va May
56 »/4
533
48%
Jan
50
2%
Jan
4'A
50
4 %
131
30%
Jan
10
3
Jan
32
38
Jan
400
Car
common..
4'/a
Jun
Parke
Davis
Peninsular
Pfeiffer
4%
common
W)
-
325
.1,400
IV2
IV2
574
610
200
\
7%
7%
200
31 Va
"
—
32
10
—1
common
4%
3
4.045
1%
31%
.—*
common
Prd
10%
3
—•
—*
common
Mtl
Brewing
(H
9%
IOV2
3
Parker-Wolverine
32% May
56'A
6
41'A
Jun
May
10
2V2
1%
28
5%
5
Jan
5'/a
Raisin
32
May
Jan
10
May
Jan
1% May
5%
Jan
7%
76c
2V8
2
2Va
262
IV2
Jan
2'A Mar
.12
3'A
3'A
3'A
100
2 Va
Jan
3'A
common———_*
2%
2%
14%
4%
2'A
I6V4
2%
14%
4 A
2'A
16 A
1,800
100
650
300
100
1%
Jan
2% Mar
common
Sheller Manufacturing common.
Simplicity
Stearns
Pattern
(Fred'k)
Jun
common—.—_1
common.
Paper
Scotten-Dillon
May
3 Va Mar
Jan
Jan
common.
common..,
10
—
1
1
,*
—
—
I6V4
10%
Jun
14%
Apr
4%
Jun
2%
Apr
2%
Jan.
Jan"
l'A
Jan
13 »A
Jan
16'A
Jun
28%
Jan
33% Mar
Jun
Jun
5 'A Mar
50
River
May
Jan
Timken-Detroit Axle common.
Tivoli
Brewing common
Udylite common
United
S
Shirt
District
Radiator
14%
262
10%
Jan
15%
Apr
Universal
13%
14'A
215
10%
Jan
14%
Apr
Class
Jan
5'A
Jan
55%
Jun
95
4%
Jan
7% May
4
41%
Jan
48% May
B
common
—
class
A—
1%
3%
3]/a
—*
—
'3%
26%
—50
0
3/e
3%
3
26%
—
3 4
26%
1/f
.
-*
—
31|* 313/4
A
--
1
1
1
common
Cooler
10
,
2Vt
2
3/*
^
1,530
100
1,500
46
74
2%
700
1,300
1%
4%
6c
500
370
230
lVa
Jan
2
2Vt
Feb
3
Jan
3'A May
3% Jun
3%
Apr
Jun
l'A
Jan
16%
Feb
26%
Jun
3%
Jan
7'A
Jun
Jan
2% May
68c
»
Jun
44'A
5'A
2,868
55 Va
175
7%
7'A
48%
48%
2
10
42'A May
4%
41%
Motor
Prudential Investment
8%
6
—--
_—
Rickel
30%
53
55
■
Jan
200
3%
—
_1
common.——
Jun
4%
4%
10
Motors
Jun
4
9%
73c
3%
3%
>
3%
Chemical
Park
14 'A
\
10
76c
——1
—
Jun
Feb
4%
14%
*
16
—2
—
Preferred
Rolling Mill
Fuel.
Apr
35
12
15 'A
—I
common
Micromatic Hone
U
Roller
Sugar
18%
Unlisted—
Ice &
Jun
2%
68
100
1,930
2Va
2Va
—
common—
22'A
6'A
50
.
Oil
Feb
113
4'A
50
McClanahan
17% Mar
9%
40%
40%
—
50
14%
13% May
6
—
5%
3
12
common——1 %
Masco Screw Products
Apr
55%
'
—'
26%
6%
53
—
,-1
Michigan Die Casting
70
384
3 % Mar
8'A
—
—*
————
Jan
29%
30
■*
—-——_1Q
*
Playing Card—^
May
9
9%
—
Printing
98
42
•-*
—:———
Feb
18%
2.50
55%
,'r
common..1
common
Jan
21%
V—'
■'—-*
Wines
7% Mar
7%
—*
—!
—1
LaSalle
2%
3'A
27%
1
Manischewitz
1
.-1
& Machine
81%
21%
*
—____*
A_.
Lakey Foundry
193
9% f
'
____——_—12
——100
Jan
4
.
—10
Products common
Kingston
Packard
*
——
29%
35
■
_*
1
common—2V2
B
—*
Hudson Motor Car, common
—*
Hurd Lock & Mfg common
1
192
68
30
'
Jan
Jan
300
250
..125
5%
Manufacturing
Houdaille-Hershey class
1,017
75
18
preferred
VV
5
Feb
12%
'Z'i
-
3
48
V
75
32
*
:
common—
8%
67
^
--
9%
High
7'A May
Jan
75c
2,529
4
6Va
—
"A"——*
common
95%
7%
3
——10
—
Kroger
9%
95
——
21
Apr
9%
v'
-100
———J'r—
Preferred
Jun
95
——
Hilton-Davis
&
107 %
A—
Prior preferred
Magnavox
Jan
—
::—
class
99%
21%
—;
Participating
40
21%
•
Art
Hatfield
1%
3'A May
9%
—
Insulation
Fyr-Fyter
Jan
Jan
9%
——;—
—
27% May
%
Yards—.;*-—"
—,
10% Mar
Jan
1%
67 V.,
Crosley Corporation *_———.
Dow Drug—
Jan
20 'A
18
100
50
___——
High
200
7%
Street
.::;v
5 '/a
l'A
50
Cincinnati
'
•y
3'A
•
5
Cincinnati Gas & Electric pid
Cincinnati
120
V
26%
3%
19
Range Since January 1
l'A
•
k
—
Manufacturing
Brewing common
Graham-Paige common
107% 107%
'
*
—100
—*
—
_
26%
4
26%
—3
common
Finance
Motors
3%
4
common———-*
Industries
Goebel
High
10
7%
18%
—
1
—3
common
Truck
Motor
General
official sales lists
3'A
—-7
Brewing A—,—
Champion Paper preferred
Burger
—
20
coihmon
General
LOW
10
11":
common.xlO
Nav
Stove
Gemmer
Shares
26%
'ZiZ
—
Hoskins
Low
*
__
Corp
Gar Wood
for Week
Range
Par
6%
__
A.l
common
Detroit-Michigan
Sales
of Prices
Sale Price
STOCKS—
.—;
5
common—-—10
Low
628
275
1,121
100
270
100
1,120
14
—
common
Consolidated Paper
7'A
4%
'
Exchange
to June 4 both inclusive, compiled from
*
12V2C
Continental Motors common—
Federal
May 29
,
common
lists
Range Since January 1
■
29%
14%
2%
79
14%
7
29%
29%
14%
sales
Shaies
High
2%
78%
14%
7
*
official
Sale?
for Week
of Prices
Low
1
common—
Manufacturing common
Burroughs Adding 'Machine
Ex-Cell-O
Cincinnati Stock
Range
Par
Briggs
from
Week's
<
Sale Price
STOCKS—
May
May
Exchange
compiled
Last
11%
12
both inclusive,
30%
18%
17%
:
•
to June 4
150
27 »A
common
Delroit Stock
May 29
1,080
13'A
'•
Apr
8%
Jan
Standard
17%
WATLING, Lerchen & Co.
9'% May
Jan
Timken
150
a56'A a56%
38%
4'%
General
Apr
165
18%
•17%
Jan
46%
Columbia
19 'A
51%
30
a8%
18%
6%
455
American
38%
a8%
550
476
City
14 Vt Mar
49%
35
10% May
31%
18%
••
•
capital—
9
57%
S.
Apr
60
a20
Apr
■
"T%
U. S.
Mar
8 Va
65
18%
—
May
65
•
56%
U.
20
Jan
Jan
32% May
10%
8%
-
Proctor
7% May
Jan
9'/a
7
Jun
29%
8
*
Republic Steel Corp common
Hobart
Jun
239
*1.---*—*
7'A May
37%
•
common
(The)
Kahn
75
a36% a36%
»
70% Mar
8%
Standard Brands common—:—
Gibson
33 Va
Feb
4%
855
a37% a38%
3 7%
_*
—
;
Mar
58 Va
37%
—5
capital
Co
Formica
23%
100
6'/a
19
g
a20
a
common--—.--*
——
Steel
Jun
5%
Standard Oil of New Jersey capital- 125
S.
6 '/a
18%
a37% a37%
38% May
80%
•:
64
!'*
-
1
common
RR
Radio Corp of America
U.
25
Jun
150
*
Corp
Inc
Oil
May
'■
2% May
'
*
Co
Central
York
Pure
25
10'A
r
Corp common
(Glenn
Pullman
Apr
431
33Va
g
10
.
27% May
Jan
28%
:
"
„1
Nash-Kelvinator
New
Jan
18'/a
56
28%
•
common—.
Curtiss-Wright
Martin
90
Jan
1
Apr
68 V2
30%
Atchison Topeka <fe Santa Fe com— 100
General
65
Feb
Stocks—*
•Anaconda
Interlake
20%
:
59
7
7
100
234
2»A
3%
120% May
4% May
68
68%
5
common
Jan
100
8V4
8»A
a
-
Jan
Jan
5,350
.
.Yates-Amer Mach capital
Zenith
200
7 Vb May
Jun
2
185
8%
18'A Mar
Jan
28% May
47%
60
97%
71%
Jan
Jun
Jan
3%
78
6%
;__10
common.—-
Central RR
;
*
capital
37%
8%
4'/a
1
86%
112'/a
;
80
8%
a
common
Co
447
27%
25
36%
_100
common
Bankshares
128
5,600
94
'•V ''
16%
1,339
•4%
Jan
59%' Jan
275
26%
1
79%
75
K
25
27
—
Oil-O-Matic
Wisconsin
71%
119% 120%
,'i
>*•'••
1
505
Jan
16'A
90
19
common—10
common
common
Rayon
Iron
York
2%
250
:
'
Electric
8'A Feb
8 v; Jan
42
100
12'A
T
Jun
18% Mar
300
a317/a a32%
—
Feb
7
Jan
a44% a45
*
Youngstown Sheet & Tube—
35%
Jan
225
.
90
33
4
•
14%
300
a21% a21%
33%
4 4 3t
a
*
-
29
common
Apr
6 "A Mar
Jan
Jan
30%
162
7
2%
a——1
Iron
22%' Jan
—20
common
Inc
46'A
Jan
5
140
17
90
■
--
—25
Weinberger Drug Stores—
1,504
Westinghouse Elec & Mfg common- —50
Wieboldt
May
—^
1,355
15%
2%
2%
___«
27
capital
40
Mar
43'A
315
7
7
■
—*
Inc
34%
883
:
16%
*
Upson-Walton
Dorn
17
--
•
34%
•
common
Pump
33
60
34 %
15%
„*
—
25%
..
'
'
14% Mar
50
140
6
15%
—*
-
—'
26%
85%
common
Apr
^
•
Jan
alOG
6
•„
Ohio
14%- Jan
25
preferred
;
•
10'A
290
46 Va
34%
*
B._*
Bros.
Van
al06
34
l
1,500
•
Products
8
13%
6 Vb
——
Standard
Thompson
al06
6'A
—
Refining, new
National Refining prior
pfd 6%
16%
common
cumulative
Utah Radio
all3
_*
15%
capital-
71
»
Cement
16 Va
capital—
Transp
15
Jan
46 Va
*
j
...
14%
2
common
Lines
Jan
59
a20'A a20'A
„„——
_
Sessions.-
13%
-.25
Carbon
Jun
Apr
10%
123
a40% &41 Va
*
preferred.—*
cum
Harbauer
Republic Steel
Carbide &
98
373
a38% a39
'f
Union
Jan
14'A
13%
'
Jun
88
10
66%
all3
„*
Cooperage class A
98
High
5%
Feb
14%
25
Rubber
LOW
4%
66%
'
66%
13%
F.„.
a
98
*
——
14%
15
'
pfd
al4'A
'
98
5
35% V
common
common
100
*
$4.50
35 '.t
,
capital
(J R)
Trane Co
&
Goodyear
General
Texas
Ilium
5
capital
350
al4'A
preferred
5
capital
14'A
Range Since January 1
100
common
Goodrich,
Greif
5 Va
«
Iron,
Electric
Corp
General
5 'A
Fuel
Cliffs
35
capital- —25
Stewart Warner Corp common—
Sundstrand Machine Tool common
Swift
Ice
25
Indiana
50
National
16%
'
;
Mar
1%: Jan
10%
a
a
Dredging
City
Medusa
155
2%i Jan
4
Jun
'
Spiegel Inc.
Shares
High
Manufacturing
Apex Electric Manufacturing.—,
Preferred
Mar
147%: Feb
78
75%
■".,"4
4
2'A
92
50
13%
1
V
Jan
350
3%
13%
'
70
400
'
21
13%
——*
Bend Lathe
3'/a
v
340
:
13'A
21
•
capital
Corp
151'A
3'A
1
Serrick Corp class B common
Signode Steel Strap common
Sinclair Oil
:
21
capital
Co
90%
11%
_
V
:■
151
v'. "
100
2V* Z
90
;
5
Sangamo Electric
of Prices
Low
Jun
■
V. 2 'A
2'A
common
Mfg Co
Schwitzer
?•'•■ 13 v;'
1
_100
Co
Preferred
6 c/o
common..,
common.
Oats
Raytheon
2'A
1
common
Brass
56% May
'
Potter Co
Akron
Cleveland
84 Va
Sale Price
Par
...
24
Feb
14%
STOCKS—
official sales lists
Sales
for Week
'
•
class B
Jan
Feb
200
Range
Mar
99
Jan
70
400
v.'A':
Last
20'A May
2%
160
32
1
4%;
5,150
'
17 »A
*1
*
II50
Peoples Gas Lt & Coke capital
4%
Week's
14% Apr
20% Mar
Jan
from
Friday
Jan
14%
50
84%
30%
10
—
common-
capital.
23%
4%;
83
56
150
^
19
Jan
Exchange
compiled
Jun
Apr
9
,
10
7%
23%
84%
14%
90
.
94
7%;
1%
B—
.
to June 4 both inclusive,
Jun
..•18%
Jan
10%;
450
14'A
19%
;
12
May 29
High
Jan
8%
177
20'A
.
94
10
...
Penn Elec Switch class A.——
Pennsylvania
100
18
;pv
--
6
common
X".
18
preferred
Penn
19
19%-
'.'-1'• 'V
100
common
850
14
common
Co
'•
"loo
Low
18%
Cleveland Slock
Range Since January 1
High
19
•
19
„
.
preferred
Shares
is
common
7%
Prior lien preferred
Omnibus
118,
<•
Northern Paper Mills common
North
'Low
20
common
for Week
of Prices
Sale Price
Par
North American Car
Sales
Range
Friday
STOCKS-
Warner
Aircraft
common
Wayne Screw Prod common
Wolverine
Brewing common
1
4
—1
—
-
1JA
4V2
4'A
6c
4c
l'A
4
2c
Jan
1% Mar
Jan
5
Mar
7c
Mar
Mar
THE COMMERCIAL &
2136
Monday, June 7, 1943
FINANCIAL CHRONICLE
OTHER STOCK EXCHANGES
inclusive,
May 29 to June 4 both
Accessories, Inc
Bandini
Petroleum
5
,
Diamond Corp
I~50
Central Investment Corp
Aircraft Co——-—--
Cessna
Chrysler Corp
Jan
7%
20%
203/4
800
19%
5%
1,655
3%
11%
Exeter Oil
Co, common A———
40
100
Farmers &
Merchants Nat Bank—
.100
410
410
5
Corp
common-
*
Lane-Wells
Co
Co
Jan
85
May
4%
Jan
10
Jun
340
36c
38c
22 %
1
1.50
1.50
California-^—
—
Corp
6%
1,670
2.10
Jan
4%
25
4%
2,138
31%
2,063
23%
1,161
34
Jan
10%
Jan
65
7%
18%
116% 117%
2,498
16%
51
114%
4%
200
3%
Jan
41%
25
35%
Jan
42
62
32
Jan
26%
60
17 Va
Jan
a25%
Jan
32%
32%
588
30% May
25
26%
763
13%
Jan
26%
20%
20%
21%
282
14%
Jan
22% May
33%
33%
5
30
30%
380
22%
Jan
50
2%
Jan
22
38%
Jan
16
48%
Jan
.50
.
30
_50
42'%
—
57%
42%
57%
57%
30 Va
1———
3%
430
27%
30%
1,895
111%
8%
9%
19,888
111% 111%
238
preferred
—
.
16
25%
39
May
42
Jun
21
Mar
:,v
■,
,■
Par
Allegheny Ludlum Steel
Natural
Arkansas
22
Jan
35
May
Byers
(AM)
common
4
Jan
7
Jun
Clark
(D
Candy-;
3,821
21%
Jan
25
Apr
16
39%
Jan
42
May
31
31
417
30
Jan
31% May
29%
29%
347
28%
Feb
30%
Feb
34%
Jun
34%
34%
140
32% Mar
28 VB
28
283/4
948
16
Jan
30 % May
39%
39%
393/4
1,249
L)
Jan
5
400
1%
Jan
5
Jun
9
9%
2,bod
6%
Jan
10
May
a213/4
22 %
70
19 Va Mar
3,482
22
15%
Jan
20%
12%
20%
193/4
20 %
.10
12
12
12
100
8%
Jan
4
4
120
3
Jan
May
4
Jun
Apr
Mar
63/a
6%
240
3%
Jan
6%
Apr
Steel
Brewing —
—5
Fort Pitt Brewing—.——1
Harbison Walker Refrac—————*
Jeanette Glass preferred-_*
Columbia
Gas
preferred-————100
96
.10
&
new—:
Gas
Star
Lone
Machine
Mesta
—
t
Preferred
—,
Curtiss-Wright Corp
Class
A
Apr
Jun
Westinghouse
5%
5%
a57%
58%
60
Jan
56%
5%
300
3%
Jan
6%
12%
Feb
13
Jan
61%
Feb
69
42%
Jan
45
237
2
Jan
50
9%
Jan
a24
243/a
134
22%
Jan
24%
2,937
%
Jan
18
*
1
North
American
Jan
7
Jan
9%
Apr
a233/8
23%
45
7%
73/4
200
4
Mar
¥%
May
38%
353
Jan
38%
Jan
Pictures,
39
a32%
_♦
Oil
Pure
Steel
Oil
Stone &
&
250
32% May
73/4
200
5%
105
2%
.
Jan
36%
3,380
47%
Feb
1% Jan
7%
42
Tide
Oil
15%
15%
150
10%
Jan
16% May
United
Aircraft
United
Corp
43/4
350
4%
2%
Jan
5
May
1
a26%
27%
135
15%
Jan
26
May
30%
31%
185
24
Jan
31%
Jan
19 % May
Jan
12 % May
.———1*
_•
18%
18%
145
11%
12%
1,180
12
12%
5
Apr
18
183/4
300
14%
Jan
18% May
_*
25%
25%
220
19
Feb
25%
—*
a76Va
78
154
59%
Jan
76
*
15
11
11
133/4
11%
14
27%
1,885
7%
Jan
11%
Jun
397
10 %
Jan
14
16%
Jan
29%
Apr
a27%
a 73/a
73%
30
4%
Jan
7% May
a35%
35%
5
28%
Feb
34% May
*
a9%
9%
30
7%
Feb
al2
a
26 3/4
Friday
Last
7%
12%
55
5%
Jan
13
263/4
10
24 %
Feb
25%
Feb
May
Apr
Woolworth, F. W,
For footnotes see page
-
13%
16
42%
Jan
2139.
7%
preferred
168
9%
Jan
common
Huttig S & D common—j—
5
Hydraulic Pressed Brick preferred—100
International Shoe common.
—•
Johansen Shoe common
Co
Key
Laclede
Landis
McQuay-Norris
Midwest
common
Piping & Supply common
Cement common—-
Portland
Rice-Stix
15
84%
Apr
84 %
Apr
39%
145
27 Va
Jan
39 %
Jun
Sterling
1%
130
J2
Jan
42%
44
48
155
48
2 % May
Jan
58%
Apr
84%
Jan
96'%
Apr
6%
4%
Jan
6%
Apr
100
3%
5%
Jan
2%
Jan
8
395
7 Vb
100
27%
55c
365
15%
3 Vb Mar
9% May
Jan
100
8
Apr
31%
7%
1
24%
24
9% May
Jun
Jan
65
2,130
31%
Jun
1.00 May
Mar
24%
Jan
Jun
1922
ST. LOUIS
Postal Long Distance
Bell Teletype SL593
Exchange
Week's
Range
of Prices
„.
6%
—
•
25%
106
—
10%
—
„
Shares
High
5%
6%
41
41
101
101
22
22%
25%
Sales
for Week
25%
50
25
28
275
35
34%
—
1%
High
%Low
234
20
7
145
106
106
105
105
10% 11
7%
7%
8 Vb
8vb
6
Range Since January 1
150
5% Jan
31
Jan
98
Mar
-
17% Jan
23
105
98%
7%
5%
Jan
106
105
11
7%
Jan
Jan
Jan
Feb
6
30
60
481
200
l%May
5%
5%
100
4% Feb
16
10%
16%
10%
45
18 %
45
5
15% Jan
9
Jan
35
38
Jan
14 Vb
12%
14Ve
6%
8%
Jan
Jan
Jan
Jan
Jan
35
28% Jan
1%
Jun
Jun
Jun
Apr
8% May
7% Apr
7% Jan
3% Jan
35
7Ve Jan
41
Jun
101
Jun
22% Jun
26 1 Jan
Dry Goods common—
Public Service com A
Alum
common
Stix, Baer & Fuller common..,
Wagner
Electric common—
—
1
Jun
*
5%
20
25
—*
*
45
45
18
25
•
*
1
15
11%
14%
25%
9%
11%
8%
30%
12
8
30
1
10
15
26%
15
27%9%'
11%
12
100
195
1,674
110
141
8%
30%
435
420
6% Jan
6'/a Feb
24'A Jan
90%
98
$8,000
11,000
90% Feb
25
1% Jun
6% Mar
18
Feb
10% Jun
.
45
May
20
15%
27%
9%
11%
12
Mar
Mar
Jun
May
Jun
Jun
8%, May
Apr
31
Apr
56%
Jan
58 %
14%
14%
25
7%
Jan
15% May
7%
7%
165
2%
Jan
BVa May
40%
403/8
261
36
common
Steel common
Machine common
86 %
a55%
40%
1
•
Falstaff Brewing common
National Candy common
a
1
common—
j—I
*
.100
—1
Ely & Walker Dry Goods common—25
2nd preferred —
—
100
Emerson Electric preferred————100
1%
a42
common-
49% May
14% Apr
5
10
common
51
*
i
Inc
(E L)
Bruce
Coca-Cola Bottling
39%
39%
10
Corp
Motors
Investors
American
St Louis
*
Pictures Inc
Willys-Overland
155
190
Low
Par
a86 %
_*
5
1
United States Steel
13%
10
U. S. Rubber Co.
Warner Bros
a51
25
Corp.—
96%
Jun
50
*
*
Corp..
Jan
94%
Apr
inclusive, compiled from official sales lists
Sale Price
STOCKS—
Hussmann-Ligonier
jun
May
25
(Delaware)
1%
1%
St. Louis Slock
Brown Shoe common
50
Union Carbide & Carbon
14% May
Feb
Phone
Apr
Co
35
Jan
1%
Chicago Board of Trade
Apr
1
Assoc
Feb
9%
CEntral 7600
Jun
14
19
a
25
Water
31%
15
66
31%
24%
May
20 Vi
(The)——
50
14%
1
May 29 to June 4 both
Mo
Texas Corp
34%
New York Curb Exchange Associate
2% Mar
Jan
Corp
1% Mar
Associate Member Chicago Mercantile Exchange
Apr
Jan
Co
Jan
16% May
35
10%
Webster, Inc—
Jan
1
Members
Mar
Jan
Jan
6"%
30
60
10 %
Company—
5%
125
May
50
—
702
1%
St. Louis Stock Exchange
2% May
36
180
Oil of Indiana
Studebaker
Swift
35
127/s
Standard Brands, Inc
Standard
34%
15%
33%
Feb
1
19%
Socony-Vacuum Oil Co
Southern Railway
36%
al2%
Co
Corp.
35%
10
100
•
Corp
&
31%
*
of America
7%
1%
New York Stock Exchange
Chicago 8tock Exch.
170
2%
4
_•
•
Roebuck
Sinclair
2%
May
——1
Seaboard Oil Co. of Del
Sears.
a45
.5c
Co
Republic
6%
73/4
•
Pennsylvania Railroad Co.
Radio Corp.
'
153/4
Inc.——
Jun
Jun
33
38% May
Apr
38%
a33%
Company
9%
.
Jun
•
;
Apr
Jun
33
100
7% Mar
Established
7% May
135
7%
*
Packard Motor Car Co—
Paramount
7'A
—
705 Olive St..
Apr
4%
8%
Canada—*
Inc.
Aviation,
20%
45
240
8%
A*..
RR—
Central
8%
347
9%
33
Edward D. Jones & Co.
Feb
7%
—1
Libby, McNeill & Libby common——7
American
Mar
1%
96%
Brake
1 Va May
17%
a2
York
100
St. Louis Listed and Unlisted Securities
Jun
6%
6%
1
1
New
19
4%
17%
a
a.—1
41
North
Jan
14%
14% May
—j
92
34%
•
Air
Apr
17
4%
143/4
Corp
90
19% May
48 Va
Ward & Co—
Mountain City Copper Co—
Mar
97
Apr
41
Copper
62
9
-1
1
Engine
17% May
195
48
47/a
Montgomery
17% Mar
Feb
Apr
a40
Kennecott
Jan
60
Apr
53/8
al43/4
of
Jan
13%
25
5
5%
a473/4
Co
1%
135
2%
31%
*
*
& Tel Corp—
1% Mar
300
9%
United
Jun
Jun
May
1%
8
Jan
—*
Nickel
12
Jun
17%
2%
Jan
a41
International
Jan
560
2%
3 Va
Goodrich (B. F.) Co. —————*
International Tel
8%
5%
12
1
24%
65
—
5%
Shamrock Oil & Gas common—
100
a64%
Graham-Paige Motors Corp.
Jan
9%
30
.
6,014
2
7%
784
50
Co
7'A
5%
—
29 %
29
410
Corp———
Jan
7%
—
154 3/4 155%
a
29
Share Co„———5
Electric
General
General Foods
6 '/a
17%
7%
7%
Corp
Bolt
&
Manufacturing
& Foundry—
United States Glass common——,
—__1
&
17%
6%
Screw
41% May
151% May
18%
—
Bond
Electric
Jan
._—5
Pitts
Feb
41% May
38%
—
75
200
10
60
-
-25
131%
173/a
Aircraft—
10
33
-5
—
60
Commonwealth Edison Co of N Y com.*
Vultee
Jan
92%
————.
—r
303
18%
Continental Motors Corp
May
6
1%
Pittsburgh Brewing common——
Pittsburgh Forgings
10 3/4
a383/8
Commonwealth & Southern Corp_
May
100
17%
/
.10
Fuel Supply—
Mountain
41%
al73/8
Co
May
4
60
,
,.5
_—
10%
5
Elec Corp
28
115
11%
9
Koppers Co
a41%
_3
Commercial Solvents Corp
Cons
Jun
5
——
,
Jan
Jan
4
4%
12
Duquesne
10%
Corp
Tractor
Caterpillar
10%
—5
Bendix Aviation Corp
Bethlehem
Jan
-100
Co
Oil
6%
650
Works vtc—,-13
Locomotive
High
.
18%
9%
7%
—
Gas & Electric——————
Columbia
Low
50
27%
1%
17 Vb
*
—
Range Since January 1
Shares
39% May
28 Va
4%
'
9
100
(Del)
(The)
Corp
Aviation
Baldwin
Barnsdall
26
4
————*
a41%
Topeka & Santa Fe Ry
Atchison,
Feb
Jan
9%
9%
250
31
—50
Jun
May
12%
High
27%
*-
common—*
Co
Gas
._*
__—
Pittsburgh Steel Foundry common.
Copper Mining Co—
Armour & Co (111)—.———_—
Jun
May
112
Sales
Low
Co
Blaw-Knox
Ruud
Anaconda
Jun
9%
Jan
for Week
of Prices
Sale Price
STOCKS—
1,075
29%
,
Jan
103
21 %
Range
Last
■
•
■
7
22%
Mining Co——10
& Std Sanl Corp.
1% Mar
2% May
30 Vb
Jan
50
25%
Feb
4% May
Jan
5%
Apr
63% Mar
.
16
Week's
Friday
.»
5% Mar
41
.10
Smelting & Ref Co——
American Tel & Tei Co
8
,
Jan
17%
Jun
May
30 Va Mar
65
•16
.10
.20
—:
rt
Apr
43 Vb
Jan
2
25
33%
Va, Jan
500
1%
8%
common.
Coal
v..
1%
.25
1%
i
—
,
1% .V 1 %
3%
-1
preferred
—
6%.
6%
6%
—1
26
32%
Pittsburgh Stock Exchange
Jun
Mar
22
..5
Mar
118
25
May
.25
II
Jun
19 Vb May
32%
35
6%
-25
Apr
170%
Apr
18%
32 Vb
sales lists
May 29 to June 4 both inclusive, compiled from official
,
25
100
.25
Amer
>
Jan
149
15
>
1
Jun
Stocks—
Amer Rad
Jan
4%
30%
170'/a 170%
Pittsburgh Plate Glass—
Gold
Juneau
Unlisted
4% Mar
4%
Pittsburgh Oil & Gas———-
Alaska
6% May
Jan
.50
Oil Corp
4% May
Feb
25
2,658
10%
60
Stocks—
Mining
Jan V
30%
Corp common—
Westmoreland
Jan
2%
3%
18%
8% May
3%
782
! \
:_3
May
.25
—
Portland
8
6
%.
116%
Jun
41
41
—2
——_
of California—_—
Consolidated Oil
Cement pfd—
Oil
Union
Universal
46
Jan
~7
Transcontinental & Western Air-—
Yosemite
Jan
34%
35
_•
of
Co
Oil
Transamerica
39%
77
a26%
Oil Corp
Sunray
100
10%
.25
80
7%
6
9% May
Mar
46
41%
4%
22%
Jan
May
9
34%
4%
•
Standard
60c
Jan
15
Pacific Co
southern
Jan
30%
41%
Original preferred
6% preferred B__
5 % % preferred C—-——
Southern California Gas 6% pfd A.
35c
245
25
.25
4%
i——
w
United Gas Improvement
$5
Jun
2,721
8
—
preferred
Jun
55%
.25
Westmoreland Inc
1.80 May
34%
~4%
Sontag Drug Stores
.
Jan
$3
40%
Jan
1,323
7% May
29% May
41%
Edison Co. Ltd.
97 %c
2,100
Jan
a41
10%
United
Jan
44
365
55%
«
———.——100
Invest Corp
Transit
33%
40%
53
———'.—_————.
Superior
Jun
Jan
39%
•
RR common
Oil
81 Vb
1%
*
—.1
Scott Paper common——
Mar
Jan
46
46
Signal Oil & Gas Co class A———
Southern California
11
4%
a41%
—
Jan
23 Va
a41%
——-
8
100
•■■■'-
6
———*
int—
Safeway Stores, Inc—
Security Co units of benef
Shell Union Oil Corp.—
24% Mar
222
1
——
Co new com
Salt Dome Oil
Sun
Jan
463
50
—
——
2nd
67%
6%
•"
9%
preferred
—
preferred _———
Corp
_
1st
Apr
81%
8%
Philadelphia Elec. Power 8% pfd._
Philco Corporation
————
Feb
Jan
34%
—,
—~
40c
Jan
17%
562
60
common
■/./
Jun
27c
1,600
130'
100
50c
11%
Jan
6%
28%
6
1
•
Oil Co—-—_——
Warrants
,
287/a
common——-1
Ryan Aeronautical Co
1.55
50c
50c
.1
*
25
—
103/4
10%
Republic Petroleum Co
Ranch
May
57%
Corp
Richfield Oil Corp
41
250
25
———;—10
com
•
Rice
Jan
Jun
718
:
22 %
Electric common
Lighting
39 %
600
Indemnity Co—.
Pacific
Jan
10
preferred—
first
6%
Pacific
26%
80
22%
:
&
Gas
160
41
10c
1
Oceanic Oil Company--—
Pacific
Mar
10
10
Products—:
Apr
14
80
11%
—
Mfg Co
Menasco
?
10 %
6%
Pennsylvania RR———.—50
Penna Salt Manufacturing———50
Reading
10
Jan
9%
—
Corp
Phil Electric
Jun
33%
Apr
Jan
9
40 %
11%
Corp__:—."1
Pacific Clay
6%
Jan
5
Jun
34
11%
Angeles Investment Co
Los
55 %
Jan
33%
160
39 %
*
—1
——
Aircraft
Lockheed
Mar
1
—
Lincoln Petroleum Co—
415
44%
25
12%
May
*
Co——
Car
Motor
Hudson
39%
——•
Goodyear Tire & Rubber Co
Hancock Oil Co. A common—
Holly Development
123/a
12%
*
Gladding McBean & Co—
May
50
Feb
405%
544
34
a34
*
12
Jan
20
1,071
6-%
6%
common—
———'
55%
53
55%
-_10
Jan
5%
410
40
Corp
Feb
63
Pennroad
Jan
6%
77%
,
Jun
May
3
6%
55
Jun
56
535
81V8
40%
Light—
<fc
Power
155%
270
9'/8
9%
10
Lehigh Coal & Navigation—
4.4%' preferred
11%
1
Motors
Jan
5%. Jun
Feb
63
20
70 -
Apr
22 Va
Jan
69 3/8
Jun
44
Feb
53/4
20%
Apr
10 Va May
5 3/4
19% May
Feb
9%
——
-
Jan
6%
Jan
12 Vb
8%
Battery
National
870
11%
112
8%
common
Lehigh Valley RR—
10 %
275
9%
;
Motors—
10 Va May*
20%
a69%
Co
Storage
74 %
68%
5
Preferred
Pub
19
20%
♦
*
Jan
113
18%
„—-
Chrysler Corp
Electric
Jan
o
common
Budd Wheel Co..
Curtis
127%
"2
——.—
Jan
200
81%
10
10
27
Corp
Mfg ^Co
(EG)
Jan
386
10
a77%
& Equipment Co._
General Paint
Budd
8
44
10
—
General
May
Barber Asphalt
15% May
5
70 4
20
13
—10
19
42
44
a81
Corp.—————•
v Preferred
———*
Creameries of America
1
Douglas Aircraft Co
,———*
Derrick
Jun
24% May
Jan
23% Mar
20
27%
a27%
Consolidated Steel
Emsco
3c
Mar
16%
80
1.60 May
12%
Jan
lc
1,000
24%
2.00 Mar
Jan
75c
470
.
Jun
42
Jan
1.35
Tel
&
High
LOW
11% Mar
14%
155/a
154
155%
-100
—-
Locomotive Works vtc
General
—5
——
2c
2c
a243/8
a24%
*
——•
100
—1
Com
Corp.
III
Baldwin
Tel
American
Jun
30%
400
1.45
123/4
12
Jun
9%
10
1.90
1.40
1.40
—1
Department Store Inc—
Buckeye Union Oil Co v t c—~—.-i.
Byron Jackson Company—.
5
Feb
271
42
1.90
1.90
Jan
7
Range Since January 1
Shares
High
14%
American Stores
3%
400
*
Broadway
Packing
"J 42
42
2
—.»
1,300
4% May
Feb
1.80
2,000
5
9%
,
9%
,
Bolsa Chica Oil common
California
.4%
*
preferred —;
5%%
Blue
1
4%
4
4
Company
Corp common,——
Barker Bros
_50c
———
official sales lists
for Week
Range
of Prices
Low
Par
High
Low
High
Low
Last
Sale Price
STOCKS'—
Range Since January 1
Shares
of Prices
Par
.
for Week
Range
Last
Sale Price
STOCKS—
,
Sales
Week's
Friday
Sales
Week's
May 29 to June 4 both inclusive, compiled from
lists
compiled from official sales
Friday
Aircraft
Philadelphia Stock Exchange
Angeles Slock Exchange
Los
Mar
40%
Jun
Bonds—
St
i.ouis
St
L
Car
6s,
Pub Serv
extended
1st mtge 5s
1945
1959
—
98
90%
97%
85
Mar
91
98
May
May
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4183
.Volume 157
2137
Friday
STOCKS—
May 29 to June 4 both inclusive, compiled from official sales lists
Week's
Sales
Range
for Week
of Prices
Shares
Friday
STOCKS—
""
Last
Abltibi'
6%
Sale Price
!'
Par
•
■
Power; & Paper common------*
v
.
,
14
preferred;
100
7% cumulative preferred--——100
Bathurst ■ Power,&. Paper,class B—-*:
Belding-Corticelli Limited—100
Bright & Co. 6% cum. pfd
—$100
brixish
American
Oil
Co
Low
Can.
Malting Co
7%
Candn
,5%
Power
.
250
12%
Feb,
3%
1,800
2%
27 y2
Consolidated
55
80
Jan
86
5
92
May
92
675
17% Mar
19%
1,120
17% Mar
39
May
May
104
107
Jun
109
Jun
Apr
Dominion
18%
765
9%
260
153
161%
2%
'
2%
153
1.15
& Paper Inv
148
162%
41
160
3 Va
15,160
90c
8
9%
1,15
'
Jan
165
;
50c
Mar
1,550
2
1,320
Enamel
7%
6%
7%
10
Jun
Gatineau
Apr
5V2%
3% Jan
7%
Commercial Alcohols Ltd
69
Preferred
Div.
Consolidated
Paper
Cub
Aircraft
Class
Sec.
40c
Ltd——
Corp
Farmer
65c
50
11
Feb
35
22% Mar
27%
27%
328
4%
6%
13,404
32
(A.
;
14
2%
23%
950
19%
50c
23
110
25c
50C
3%
Preferred
45%
Apr
■
Jan
Jan
7%
8%
6,710
6
Mar
Jun
International Petroleum
Jun
International
Apr
Preferred
Power
Jan
3
86
2,740
8
8
94
Jan
5
Jan
5,376
25
15%
3,036
103
15
Jan
May
May
95
Jan
82
Jun
10
-
Mar
3,110
7ys
5%
103
'
11%
Jun
108
May
7%
Jun
4%
Jan
8
Jun
8.90
Jan
11
Apr
12
Jan
15% Jun
98%
Jan
103
Jun
350
27
Feb
32
Mar
2,756
12
Jan
14%
10% Mar
12%
'
30%
30 Vz
13%
14
11%
11%
701
7V4
18%,
85
600
7
Jan
225
19
13
Jan
Apr
Jan
7'/4 May
19
May
85
57
82
May
85
Jun
11
11
90
10
Feb
12
Jan
21
21
21
50
18 y2
Feb
23
Feb
37%
37%
37%...
33
Jan
39% Mar
13%
13%
11%
Feb
13% Jun
•
:
#
-.
■'
-
d
.
—
15
Paper common
Apr
11%
14%
*:
Interntaional
1.00
7%
Apr
4%
15%
435
6%
Mar
1.45
Jan
Jan
,95
106% 107
Jun
50
Feb
93%
11%
75c
Mar
8%
14>/4
538
7
Jun
18%
775,
Jun
81
Mar
50
Jan
8%
650
10
•■••i ■
50c
17 y2
1,075
-
9%
5
Jan
Jan
1,25
4%
4
9.50 9.50
International Nickel of Canada com..*
Jan
25
Apr
9% May
Feb
50C
Apr
10y4
Jan
5%
14%: 15
*
Jun
l.OO
76%
2,385
1,20
14
23%
12 %
125
8%
50c
7%
__25
12%
77
7%
May
125
Jan
8%
5%
7
corn-
...
120
1,195
11%
•
Bronze....
5
6
4,543
107
4
Preferred
167
125
9
14%
Jun
4,130
Jan
9%
—5
6%
1.00
11%
30% Apr
16% Jun
9
:
17%
33%
Jan
9%
.100
International
Jan
Jan
1,678
16
«
common1
,28
22
24%
•
650
•***•
*
•
*
Industrial Acceptance Corp
Preferred
28% Mar
920
15%
122
27V4 Mar
26
25
32 V»
29%
4%
common
Jun
28
32
28
♦
Preferred
Jun
28
'■
—
■
...*
—
18%
1.00
Jan
1.25
-100
17
;
37%
435
,
.100
16%
18%
■
—„___*
1,161
28
15
Jan
Mar
44
10
...
Jun
23
Jun
43%
27%
'77.
common..
Bay Mining
Imperial Oil Ltd
Imperial Tobacco of Can
May
4%
Jan
13%
*
Hudson
May
6%
35
Jan
8%
_._*_
Preferred
Jan
Jun
Apr
28
Jan
21% Mar ?
100
8.015
Jun
15>
Jan
63/a
Power
Bridge
Hollinger Gold Mines.
Howard Smith- Paper
Apr
36>/4
3% Mar
3,035
23
43/4
*
Foreign Power Sec. Corp. Ltd.—
._*
Fraser Companies Ltd common—-—*
Voting, Trust*
Ltd,
4%
23
-
24%
345
33
4
4%
6%
Ford .Motor of Canada Ltd A—.
Freiman
30%
''.
Fleet Aircraft Ltd—
85c
9j/2
8%
*
Hamilton
85c
Jan
15
35
,
1,780
Jan
9
•
Preferred
May
5%
13%
12
9%
...
Products-
6%
Jan
6%
1
Candy -Shops—
3
13%
;
Gypsum, Lime & Alabastine—
45c
12% May
'
♦
Canada.
Jun
7% Feb
...
of
Jun
24%
1,591
«
Co
5%
6,933
*
common..
May
3'A Jun
Feb
21,759
2,200
Apr
45c
Feb
15
Fairchild Aircraft Limited—,——5.00
Fanny
6
15c
27%
pfd—100
cum.
325
950
35
*
-
77
Jan,
Mar
2% Mar
5%
75c
"■*
—
35
Engineering Works Ltd-—*
Dominion Oilcloth & Linol Co Ltd—*
Donnacona Paper Co Ltd
15c
45c
4%
85c
Dominion
Eastern Dairies Ltd. 7%
251/2
6%
6%
5%
*
611
1,100
19,010
3%
.
35c
'•*•••
l__:__—*
Limitee A_.
2%
6%
A——_*
Corp, Ltd.——-—*—
David & Frere,
69
30c
3%
—*—5.00
———
Consolidated
65
30c
*•
common
3% Jan
24%
...*
common
General Steel Wares common*..
•
7% cumulative preferred———
100
City Gas & Electric Corp Ltd———*.
1,625
5% Jun
12%
.
—
Heating
Jun
•
Canadian Vickers Ltd common——*
&
1.15
Jan
10
Textile
Foundation
Jan
5%
Jan
12%
*
Ltd.—
East Kootenay Power
Eastern Dairies
3 % May
Jan
Stores,
Dryden Paper
Mar
Jun
85c
Dominion
9y4May
.169
4%
125
Dominion Steel & Coal B—*— —25
Jan
18%
Apr
2,782
'
'
8%
22
'
39% Jan
lS'A Mar
3%
16
.100
Dominion Tar & Chemical
109
6,395
29%
—
common
90
113
9'/4
■'L.—
Co——.——1
Glass
Jan
17%
•
Dominion
85
113
Feb
5%
32
,
*
.
10
106
19%
•4,
*
...
.....
Dominion Coal preferred.
Jun
104 % Mar
4%
*
—
common
15
8%
1
Seagrams
May
101
44
....
20
18%
class B—.'__*
Distillers
33
Jun
27%
*
—
90
-
14
'
High
Jan
13%
Mining & Smelting..*
Glass
Dominion Bridge
19% Feb
36% Jan
105
17Va
12%
——
39
107
'
Jun
101
22
...25
*
113
89%
-i
21%
...
19
■
Cork & Seal Co,—.
Crown
May
21%
365
■
Consumers
Jun
92
—
Low
30
105
5%
'
—
*
Jun
3% May
Feb
86
113
common—*
preferred-!^—i—_*
cum
27%
14'/4 Jun
Jan
19
-
preferred--——100
.
5%
Locomotive
28%
5%
*
Canadian Pacific Railway
Cockshutt
Plow
Range Since January 1
High
101
—-4
*
—*——^
—
-
——
Marconi
7,180
92
—_——*.
cumulative
Canadian
B
Canadian
1.80 JUn
Jan
86
..
7%, pfd.*$100
Industries Ltd
14%
3
■
86
100
Canada, Wire & Cable 6J/a% pfd—$100
Canadian Dredge & Dock Co Ltd—*
Candn.
Gen.
Investments Ltd.——*
Canadian
Class
Shares
105
preferred-..100
Fairbanks
■
High
Low
65c
18,350
20%
Ltd
prelerred
8%
18%"
'
'
««
Ltd———*
Corp. ,Ltd.
Pr.
No.
7%
Range Since January 1
'
27%
V
Canada & Dominion Sugar Co----—•
Canada
'
-
28%
■
Canadian Foreign Investment pfd- .101
Canadian Industrial Alcohol class A—*
High
1.80
Low
100
1
1.05 '
1.70
Canadian
for Week
of Prices
Par
Canadian Converters C6 Ltd—"
Sales
Range
Sale Price
•
Canadian Funds
<■
Week's
Ldst
■■
Montreal Curb Market
Co Ltd
18%
18%
105
300
19
700
17
Jan
1,160
6
Jan
105
27
98
Jan
110
26
270
19
Jan
26
45
124
Mar
126
11%
common.
_*.
1,165
•
105
12%
19%,
Apr
12%
Jun
Jan
■
Goodyear Tire & Rubber of Can Ltd—*
Hydro-Elec. Securities Corp.,———*
International
Paints
85
:
20
85
International Utilities Corp A
Class B
5%
4%
5Ya
3%
3%
25
*
9%
9%
170
65c
65c
6,470
15%
17%
80
900
3%
—1.00
Ltd
(Can)
^
'
536
*
A
-
17
Lake St John
Paper & Power—,
a*
MacLaren Power & Paper Co———*
Maple Leaf Milling Co Ltd—
——*
•
17%
.18
;
:
8»/4
Jan
5%
3%
Jun
.
25%
common—;*.—
Preferred
Jun
May
3'A Jan
2
.100
__
Massey-Harris
19%
Massey-Harris Co Ltd b%
pfd—100
Melchers Distilleries Ltd. preferred—10
Mitchell,' Robert Co Ltd———*—*
Noorduyn
Aviation
Scotia
Nova
Lt.
McColl-Frontenac
10% May
*
Oil
Paton
Mfg.
Power
Corp 6%
Pr.
Co.
Jan
18% May
15%
Jan
18 %
Jun
Montreal
4%
Jan
8%
Apr
Murphy
Jan
16 y»
Apr
National
Jun
■
W
.
7%
Ltd.
Stores
••
*
common—*-
Feb
2,010
16%
Jan
20
Jun
3%
Jan
7
Jun
84
May
y4 Mar
Ontario
Car
15
,
.
Apr
119
Jun
Ottawa
40
May
42
Jun
Ottawa
17
Jun
60
180
:
55 y*
100 V
;
47%
8%
3,685
6%
Jan
25%
3,051
24 y2
Jan
27
Jan
16
16
250
13
Feb
16
Jun
29%
22
Feb
33% Apr
16
30
135
11%
11%
110
11
Apr
31
3iy2
703
26
Jan
31%
53
53
55
875
38
Jan
55 y2 May
17
17
17
345
15
Feb
17
Jan
45%
45
46
546
Apr
24
23
24
1,270
16
15%
16
105
'
*
:
•
*
1
...
■
*
V
5%
Cumulaive preferred—-—-——*
$1
Mines—
,
.;v
.
' :;/
;
/
21
Ottawa
Light Heat & Power,
5 Jun
„
56
Jan
Penmans Ltd. common.
Power
...
>_
_ioo
8«/4
8%
»
#
Co Ltd common*—
10c
Bidgood Kirk Gold Mines Ltd..*—1.00
Candn Malartic Gold. Mines Ltd—;
•
27%C
Gold
10c
46 %c
Malartic
2%C
.
24C
6.00
36c
36c
500
94C
90c
94 c
74c
7%c
6c
;
75c
2.90
Jan
Apr
Feb
36c
—
Corp
•
of
of Canada
Jun
Tuckett
72c
Jan
82c
2.15 May
3.05
Feb
United
Feb
Viau
Apr
Apr
3c
Apr
Jun
6.50
Jun
38c
Jan
45c
Apr
l'/ac Feb
600
5,600
6.50
Jan
■
Steel
-
Canada
36c
Jan
45c
68c
Jan
80c
Apr
44%
• ■
1,90
Jan
3.15
Apr
Montreal
3.40
1,000
2.60
Jan
Apr
Nova
100
1.50
23c
23C
14 %c
14 %c
1.30
14 %c
1.30
3.25
?
1.07
345
-
Jun
*
'
69%
•
4.00
23c
2.-66
1.30
Jan
Asbestos
**i_* 1.**.
**—
Tel.
Assoc.
&
T
L
Columbia
Bri.
P
70
•
21%
Jan
26
„
•
Preferred
Class
*—
Canada
North.
5%
7%
4
participating
—25
preferred
■
Canadian Celanese
common
—
•
2139.
8
14%
7
100
.
-
Mar
18%
Jan
13% Mar
15
Jan
10% Mar
59% Jan
11% Jan
2,720
72
145
315
66% Jan
76
Apr
165
22
May
26
Jan
153
67
152
156
Feb
Apr
4ys
Apr
Jan
6
Apr
160
3
Feb
5
May
60
35
60
Jun
60
Jun
47
58
1,150
16,235
47
May
58
Jun
,
790'
5%
5%
5
5
6%
7%
2%
7%
Jan
Jun
50%
58
965
21
Jan
58
15
58
■
common
—
15%
100
13
Jan
15% May
128
Mar
Jun
129
15
130
Apr
157% 159
144
147
Jan
160
Mar
254
254
12
223
Jan
254% May
137
137%
41
132
Jan
141
_
—
—_——
129
.100
129
.100
158%
Toronto Stock
Week's
Sales
Rangefor Week
Friday
Gas
of Prices
Sale Price
&
Aluminium
1.00
1.80
8'/a
14 y2
Ltd
100
Bagamac
Feb
Bankfield
Consolidated
Apr
23% May
Bank
of
Bank
of
26%
Barkers Bread
152
Feb
8
Jan
15%
Jan
Jan
7%
Mar
Jun
100
Jan
May
Nova
Preferred
Base
Metals
...
...
&
Radium.
'
23%
Jun
Beattie Gold Mines Ltd
Jun
30
Jun
—
Jan
Bell
435
14 y4
232
36
349
32%
32%
5% .Apr
9%
30 y8
29%
33%
100
10
2,050
3,018
30%
32
33%
138% 138%
9
31%
670
,
242
32
-
.
7%
7%
Feb
40c
Apr
53c
25
Jun
29
10'/2c
12c
1.90
1.98
11,900
14,500
11
20
1,200
70
9%c
11c
4%c 4%'c
157y2 157%
254'/2 254%
3.00
29
1
'
Apr
25
10
Mar
Bonetal
—1
17c
I6V2C
17c
9.35.
*
Brazilian Traction Light & Pwr com*.*
Jun
Jan
Apr
Jan
29
6%
Apr
139
Mar.
3.00 Jun
Feb
19
10%
Feb
259
Mar
154
34
preferred—..—25
Jan
85c
21
Feb
Jan
Ltd—
May
Jan
Jan
Mines.
160
140%
8
Braiorne
227
Jan
Feb
95
291
29c
10c
Brantford Cordage
150
Apr
5%cMar
18
148
8
Jun
May
1.33
21%c
9%c
Apr
15c
Jan
4c
1.15
—
8
33%
8Tic
Jun
18
146V2
41c
29c
10c
30%
2.04
Jan
Apr
May
27
102,100
27,705
—
Bidgood Kirkland Gold.— ——*—1
Bobjo Mines Ltd
——1
.
12c
2%c Jan
11,016
470
10c
13
3c
3c
38c4iy2c
Bertram & Sons..——————5
Jan
Apr
20c
1,500
May
Jan *
47c
15,000
183,800
78,650
4,700
14% May
27%
Jun
29
1.35
Feb
70c
Jan
25
!
Feb
Jun
l%c Feb
%c Apr
47c
70c
46C
38
Mines.—
9%
45c
Jan
Gold
20c
42c
Jan
27%
133
.
Jan
8% Mar
''27
T
Beatty Bros Ltd class A
7%
15,630
9c
Jun
9V2c
12V8
148
Feb
25
102%
17c
29
1.25
20
100
Feb
1.32 May
Jan
10c
——1
330
101
500
1.60
——._■—*
Telephone of Canada—.—.—100
23%
7%
—
—
50
...
Exploration
,
—*—*
Bathurst Power & Paper Co class A—*
Class B
—*
Bear
11c
4J/2c
100
*
260
lc
Jan
9c
13V4C
43c
*
Mining—
133% Mar
83c
1.95
.
100
Scotia——
Jan
,1c
12c
——1
common
106
.
_i
Montreal
406
45c
—1
Mines—*._!
30
13%
9%
Jun
15%
Jan
Ltd.
22
35%
•
Mines
Mines
25
Mar
5% May
62
30
Gold
25
13%
1
Atinor
7,000
10
122
lODA 101%,
27%
—
Feb
11c
9%
10c
70c
'
—~
Jan
119
'
lc
*
—
14o
12,175
26,455
2,550
15c
101%
■
6c
Jun
14% Jun
9%
120
.——*
——
Gold
Feb
Jan
4%
Anglo Canadian
Jan
Jan
13
1
Jan
13c
—
5 %< pfd._100
1.80
Jan
5
1.26
17c
10%c
Ltd—
70c
11c
15c
•
*
Canada;
Astoria Quebec Mines—
2
.
I.
8,745
10,480
Range Since January 1
Low
High
1.10
1.20
1
.
Arjon Gold Mines.—
5%
125
of
Mines
-25%
<-
Jan
14% ''Jan
2,127
-
common*.*———.—*
.103%
;
141
235
Oils
Mar
133
Jan
12% Mar
1,511
1
Cons
Aquarius
20
23%
Jan
Gold
Amm
Shares
High
1.70
Aldermac Copper Corp—
Algoma Steel Corp common.
Armistice
345
7%
Low
13%
Oil—12c
Pacific
10% May
Jan
14%
70
Jun
Exchange
Funds
Canadian
83 % May
Feb
Apr
May 29 to June 4 both inclusive, compiled from official sales lists
Jan
21%
35%
138%
For footnotes see page
26%
165
18%
74'/a
7
common....—
(Bank of)—
Feb
100%
.
7%
Jun
345
5y4
7%
"
—
—
147
Feb
,384
25
130
,
*
101% 101%
105%
8,907
23%
Steamship common——.
preferred
—*—*——50
82
357
23%
-
*
122
26%
14%
»
8%
110
147%
'
»,
64
1,653
23%
8
:.-100
Canadian Car & Foundry common.
18
9%.
83%
26%
7%
Canadian Bronze common
120
:
156
—.—
Canada
9%
83
26%
.
Corp
70
64
3
5,275
w—
4
Jun
.100
Alberta
Range Since January 1
675
25
*
Power
-
7%
23 %
*
~
Jun
44%
69%
58
Ajax Oil & Gas Co
Sales
Shares
13%
«.■
Class A
14%
Feb
25
—
for Week
of Prices-
12%
147%
-
.
Class; A—*
B
Feb
32%
151
*
Scotia
Acme
25
*
Canada Forgings
11%
775
60
Abitibi Power & Paper common——*
6% preferred
——100
■
24%
—
Cement common
Jun
4,760
235
5%
*
Apr
25
——
Building Products class A
Jun
3%
14%
5
Jun
13%
*
-
Corp.
95
Jan
13,365
74
>
,
—
Jun
Jan
24%
Canada—.-100
'
Bruck Silk Mills
Canada
101%
»
Pa^er class A-
Power
B
120%
—50
preferred—
Teleg.,
&
*
.
Class
9%
•
Telephone Co of
Brazilian
:
————
Bathurst Power &
Bell
*
**«.
of Canada pfd—
Jun
Feb
1.75
9
11%
69%
74%
*
3.50 Mar
Jan
40
160
-Week's
6
"•
'
Corp—
Jan
.
Jun
500
Range
7%
.
„
Aluminum Co
Jun
15% Jan
25
,
100
—
Aluminum Co.
^
V
14%
17%
.
•*
—
;_**.—,
14'/2c Jun
lOVic Jan
100
24
Last
—u
Jun
82
1.64 Mar
Feb
23c
1,000
70c
24
24
1.50
1,500
>
3.25
70c
70c
Sale Frice
common-
Jun
17%
•
11
18%
com_j,._ *
Canadienne
300
'■/"Friday
Ltd
95
12%
common..
*..—*—.,
(Letd.)
1,500
'v.—■'
STOCKS—
Aluminium
92
May
10
Banks—
2,100
Canadian Funds
•
60
52
■
75c
May 29 to June 4 both inclusive, compiled from official sales lists
_
6
40%!
—25
.Preferred
Zellers
36c
Montreal Slock Exchange
common*— jL——
80
43%. Feb'".
Royal Bank of Canada——— .100
;'
Steel
Jan
14%
preferred———
Electric
Winnipeg
2.90
Ltd———.—-•
Preferred^-*
14
43%
Par
-
653
Jun
8'/2 May
Jan
9
.2%1
Last
%%
62
50
common—._.*
Wabasso' Cotton
'r
Jan
422
95
■
Preferred
6Va
Jan
..100
STOCKS-—
6
6
May
24% Jan
9y4
,3 y8
14%
'
Algoma
Feb
Jan
is y8
14%
■
Corp.—.—*—*—
Biscuit
Preferred
75c
1.50
Ltd—:—_———*
Royalite Oil Co., Ltd.————*
:
Jan
24
6
82
3
•
Tobacco preferred..
3.40
Oils
Acme Glove Works Ltd common—
4
110
70
.9
v
...
...
Brothers
15 y8
...
Canada' Power.**—
Preferred
ll%c Jan
May
60c
500
40c
1.03
Jan
7c
200
6.50
36c
75c
1.00
Calgary .& Edmonton Corp Ltd———*
Commonwealth Pete. Ltd.-:——
*
East Crest OiL Co. Ltd,.*.*—;——.*
Foothills Oil & Gas Co., Ltd.—-——*
?
16
225
17 y2
*
common
Williams
Steel Co
Tooke
Oils—
.
25% Feb
3,955
4,920
80
'
„
...
Paper preferred
Water & Power
Shawinigan
Apr
..100
preferred.^
A
2.68
Ltd.——1.00
Mines Ltd——*——*!
Co
_*___*.
Lawrence
Sherwin
30c Feb
1.22
63'Ac May
300
.
2%C
2%c
Wright Hargreaves Mines Ltd—*-*——*
Oil
St.
6.50 May
Jan
78c
1,000
75c
40c
Okalta
Lawrence
Class
May
1.33
Jan
32c
4,500
2.90
70c
Ltd.*———1.00
Home
St
52c; Feb
lVsC
Jan
4.90
79c
3,920
74c
10 %C
63%c
10 %C
Mines
Mines
'
48y4
Jan
'
Gold Mines Ltd—————1.00
Cons
Apr
Feb
21c
2.016
Siscoe
Hughes Gold Mines Ltd..
Feb
Jun
Southern
50
1.00
Sigma
Sladen-Malartic
Feb
1.13
500
24C
6.00
24c
6.50
Teck
20c
preferred
Quebec Power —.___—...
Regent Knitting common.
Rolland Paper preferred—.
400
97C ;;; 1.00
Ltd-^—1
Madsen Red Lake. Gold Mines-*—>1.00
Moneta- Porcupine; Mines Ltd
*_1.00
Normetal Mining Cofp Ltd---——*
O'Brien Gold Mines Ltd
—1
Ontario Nickel————1
Pamour Porcupine Mines Ltd.-——*-*
Pato Cons Gold Dredging Ltd—-—1.00
Red Crest Gold Mines Ltd
—*
Sullivan
5%
'
Mar
2c
900
94c
Jan
Jan
10
'
May
2Vkv
Jun
Jan
lc
4,300
1.22
93C
Kerr Addison .Gold Mines
(Quebec)
21
Jan
40c
'
1.22
w +*■:.■
Ltd——..*■*——1
Mines Ltd——
*
Mines
Gold
Francoeur
12c
1,100
29,500
lc
23/4C
2%c
1.00
Limited-
Mines
Gold
10c
3,500
6,000
46 %c
lc
lc
'
East
10c
27 %C
25c
46 %C
Cadillac Gold Mines Ltd,—1.00
Central
Eldorado
19'A
-
Ltd—1.00
Mines
75
;
8%
15 y4
17
Jun
40
10'
9V4
Mar
22 y2
52 '
52
9%
'
24
24
__
Canada..
Corp of
Price Bros &
May
C
Aldermac Copper Corp. Ltd.—^—*
Cartier-Malartic
21
12
925
6
5%
24
Rwys._*.._—...
"
105% May
Jun
31%
:.v
'
y
8%
■
10
Apr
Jan
.102
2% Jan
1
•
5
Jun
6%
*
common-
Aircraft.
Electric
Jun
May,
9%
♦
Weaving—.—
Noranda Mines Ltd.
116
Jan
24%
30
Corp
Products
5%
8%
*
common.
Ogilvie Flour Mills common.
77
10
.
14
25
,
17
■
55 y4
55 y*
Walker-Gooderham & Worts Ltd. corn.*
275
.
104
.
4
-
Car
Steel
6
42
104
''
'-*.». '■
Wire
5y2
119
17
104
Niagara
300
42
.
Steel
19%. Jun
6'A* Jun
119
-
v.
NC
National
Jan
77
7,697
-25%
'
14%
77
,'V"
Breweries
2,650
20
5%
6 V
•
9%
•
Tramways..
Paint Co. common.......
6%
>■:
'
Light Heat & Power Cons—
Montreal Loan & Mortgage..
—25
11
i: '4
126
8%
9%
*
75c
19%
19
J- '
'
common—*
preferred—'——>—$100
Part 2nd Pfd—50
Sarnia Bridge Co.,Ltd.A—__——_.*
Southern Canada Power 6% pfd-1^-100
Thrift
6
""
,
126
•-
^
.........
Mont
Jan
10
115
15
18%
6%
*
Ltd———
&
15
'
>
——
25%
'
>
Preferred
A
'•'
*
;
...
15c
900
18%
•
8%
.
1.50
Lake of the Woods
Jun
85
May
.
—
23J/2
-
212,602
15,500
5,500
8%c
12
11%C Feb
Apr
15
Mar
2C
Jan
70c
Apr
3c
Apr
10c
15
9'/2c Jan
8c
Jan
9%iC Jan
Jan
9.30
9.50
1,165
7.40
25J/4
23%
25%,
23%
55
7,485
23%
Jan
14 y2
Jan
'
Feb
Jun
41 %c
Jun
1.33
Jun
Apr
29c
Jun
12c
Mar
19 %c Apr
9 85
25 Vi
23%
Apr
Jun
May
'
THE COMMERCIAL &
2138
CANADIAN MARKETS
of Prices
Sale Price
Vancouver- —5
6%
20%
21%
26
27%
•
Oil—
American
Columbia
class
Power
.
21%,'
27%
A
B
Class
Oil—
Dominion
British
-
•
Mines
Gold
Buffalo
Canadian
6,000
4%c
Jan
13c
Feb
Lamaque Gold
1,700
1.60
Jan
2.55
Apr
Lapa
9c
Jun
Laura Secord
15%
Jan
Lebel
•
14%
10
10
260
1.62
1.47
14
1.66
30c
35c
common—
6%
380
————————:
IIoo
Lines
Preferred
I100
———————
Canadian
Canadian
Bakeries
20
39%
80
36 %
102
6%
Feb
150
34%
36%
%.''/■ 521
60
55
5%
I100
6
85
134
3%
,
135
3%
395
8%
450
common—— —_*
8%
8%
II20
preferred
—
preferred——— —*
Canadian Car & F'dry Co Ltd corn- .—*
12
Canners
Convertible
Preferred
—
H25
138%
m
Canadian Dredge
——
Malartic
Canadian
Oil
Canadian
Pacific
Co
Wirebound Boxes
Canadian
Trethewey
Castle
Central
M
■
,
'
12
600
Stores
Jan
13%
.
1.05
1,905
85c
Jan
12
490
1,238
37%
50c
May
85c
Jan
23c
Feb
4Y4C
4%c
2,000
3V4C Mar
47/8C
Apr
33
20
25%
Jan
33%
Apr
25 y2
Apr
25
2,065
18%
Jan
162
162
20
142%
Jun
11%
22
20%
16
22
22
40
26
25%
26
425
9%
9 Va
9%
1,249
Co
8%
9%
7%
8%
2,471
6%
Jan
100
45
90%
Jan
1
7c
14 %C
;
6C
1.29
5
26
28
270
99c
14,167
25
*
90c
0
..m
■J
.
25
'
*_"»
III
4%
-
4.00
■'
4%
5
4.10
645
22%
24
24
50
23
;
24
'
23%
670
4%c
3c
4V4C
6%
1
4%
6%
18
18
22%
23%
'
I
23%
11%
1.35
12
Jan
16
5
<■
—
Jun
Co—
-*
—
—.—
,—--—-——.——-
—
.
3%c
.
19%
Jan
4c
5,000
'
May
-
9%
Jun
May
Bank
Oil
Imperial Tobacco ordinary
—
Apr
13 %c
Feb
13,500
3c
Jan
6%c
Feb
62
Jan
85
May
51%
Jan
55
Mar
207
<
5
19%
254
17
11
25
5%
10%
v
100
common
ft
3%
35,480
38
65
40c
!
Mines
96
'.
98
80c
3%c
2%c
19c
—1
2'%
77c
3c
2c
1
18c
18c
1 '-y}.:
Gold Mines.Mines
Apr
Feb
9c
;
22c
Jan
43
88 Vb
Jan
98
May
1,700
57c
Jan
92c
Apr
3c
Jun
4c
Jan
2c
Jan
17,700
4%c
82
5
Jan
105
May
Jan
5
Jun
200
Feb
23c
17%c May
5,900
2,400
May
*
5
5
5
1.40
1.38
1.28 May
1.90
2.00
1.89
1.44
2.00
3,840
_1
Mines of B C„
5,680
1.25
Jan
2.10
57c
56c
60c
56c
;9%
10
540
__
80c
79c
70c
6,000
2.05
1.98
2.09
14,800
58c
trust
*
—1
-1
Mines—1
52c
3,000
—
—1
Gold Mines.
certificates
Apr
•
il
I
Mines—
Dome
May
4
2,666
85
82
May
ll%c Jan
6%c May
700
Jun
72
Jan
Apr
.
May
25c
Jan
8%c
4,564
Apr
4
76c
Mar
61c
May
Gold
East
1.30
Apr
3% May
100
4 %c
'/ 35c
'2%c
40c
2%c
43c
5,251
2%c
25
6,000
Apr
21%
1
Apr
17% May
r
Feb
6c
Jan
Jan
2%
Feb
Mar
14%
Jun
1%
75
12
350
Jan
<25%
Jan
2c
12,510
Jun
4%c Feb
142
Jan
15
370
•
25
132% May
15
15
9%c Apr
Jan
3%C
1,000
Jan
44c
Mav
2c
Apr
2.25 Mar
Jan
22
105
Jun
91 %c
Jan
31c
May
10
Jan
Jan
1.72
May
57c
Jan
6
58c
Feb
Anr
65c
Apr
50c
500
Long Lac Gold Mines
———*..™——.1——1,
*
33
■
Apr
Jun
295
12%
7c
Feb
Toburn
Jan
7%
Jun
Toronto
55
34
4
4
264
47c
3,400
34
May
May
4
Jun
Toronto
Mar
58c
Jan
Towagmac
Feb
Transcontinental Resources
2,000
2c
17c
17c
2,000
17c
May
15c
15 %C
4,000
10c
15
15
55
3%c
Apr
17c
14
9.50
9.25
9.60
1,545
8.50
3.35
3.20
3.40
14,595
2.65
3c
25c
Feb
Twin
Gas
Feb
Union
Jun
United Corp
11%
Jan
Apr
3.60 'Apr
5%c
Apr
Feb
Class
United
B
class
Jan
21c
30%
30%
26%
Jan
32% Mar
United Steel
12%
11%
12%
145
11%
12
Upper Canada Mines
Ventures, Ltd.
16% Mar
Jan
12
Jun
25
175
Jan
7
157
Jan
175
May
13%
13%
6,593
11
11%
240
7%
200
28c
28c
600
14%
—
14%
50
115
114% 115
37%
37%
19
18%
10
95
95
s
37%
'
75
397
11%
10
10%
90
112%
33
2,020
17
50c
50c
55c
800
20
7%c
8%c
8,200
18c
19
18c
19c
1,200
11%
12
40
6c
—
—
—
Oils
Oils
Mar
12%
Feb
Waite-Amulet Mines,
7%
Jan
Jan
Jan
Jan
May
Mar
13c
Jan
10
Jan
Apr
35c
•
Feb
16
Apr
99
Mar
115
Apr
39%
Apr
19 %
Apr
55
Jun
10c
Feb
21 %c Mar
12
May
Walker-Gooderham
Ltd
&
Preferred
Worts com—„*
——*
1
Preferred
Ltd
Preferred
Winnipeg
—
common
—'i
Ymir
-
—
Mines
Yankee Girl Gold Mines
Wrieht-Hargreaves
—
86
100
;
—/
100
•
—*
57%
3.45
7%
:
—
23
12
13
33 % 35
4
4%
8c
8c
5%
57/8
.
1.11
!
1.18
5.90
Apr
45c
>
Jun
45y2c
Jan
Jan
' 4,500
l%c Mar
3 %C
Jan
19,600
.
3%c
Jan
7c
Mar
25c
Feb
35c
Jun
10
Jan
2,200
I"':.'-' 246
94
•
1,600
1,500
-
May
3
Jun
9% May
4% May
4% Jan
7
330
210
17
Jan
Jan
1.10
1,945
v
..
59%
Jan
73
Apr
66
Jan
76%
Apr
1.51
1.46
65c
Jan
Jan
Jan
2.14 Mar
2.10 Mar
82c
1.78
Apr
Jun
4,680
1.38
Jan
10
10 V4
Jan
12% May
Jan
3.20
720
90c
Jan
1.94 May
100
6
Mar
8% Jun
5,790
100
1.85
;61c
Jan
72c
Apr
Feb
25
23 y2
Jan
30
50
50 y2
Jan
52% May
75
Mar
68
Jan
1,200
10c
May
18c
Feb
38,325
35c
Apr
53c
Jun
Apr
10%
Jun
2
50
6%
8,173
6
Jan
60
22
8'/4
May
Jun
May
23
275
7.%
Jan
13
Jun
210
32%
Jan
37
Feb
3%
Jan
101
300
3,155
21,900
5V2c Jan
4
Va
95c
Jan
May
4'/a Mar
9c
Feb
6
Apr
Feb
Jan
1.28
6.25 May
6,289
4.40
Jan
24c
23c
30c
4.55 4.65
54% -55%
20% 20%
90,400
9'/2c
Jan
24c
Jun
Mar
36c
Feb
22c
2,000
5.60
19%c
.—i
14V2
4
Electric common
Preferred
.*
100
■
.
w
24c
29c
4.55
54%
20%
1
„*
■
Wendigo Gold Mines Ltd
Western Canada Flour common
Westons
23
1.18
5.90
1
Vulcan
Jan
*
——
Ltd
Apr
4
8c
8%
7'A
..
5%
_>*
14 %
Mar
.
Ltd—_i„___:—i-l
Jan
6% May
26c
Vermilata
8%
• — •
25
**.
L*
4——-
—
-
Oils
17%C
795
7%
10%
—-—13
A———^———50
35
12,200
80
48%c
——*
—
10c
40c
53c
10'A 10%
,40c
,
——-—
Fuel
Class B
United
class A
21c
175
Mar
—
—-—1
of Canada————.*
Co
17c
Jan
Trusts
———*
City Rapid Transit common.--*
15
Jan
Mar
—
—.
Exploration Co
30
137/a
52%
50
Corp.™—100
Mar
3
40c
8%
65c > 65c
.28 28V2
52% 52%
73
73.
;
—
1.90
8%
—
65c
33
3c
3c
1.90
———1
General
8,100
100%
May
29c
76c
1.78
Elevators Ltd—.
Preferred
36c
Apr
7% Jun
Jan
11,050
Apr
Jun
12%
Jan
.
12V2 12%
2.86 2.92
Feb
3%
2.00
1.94
...
9
Mar
867/a
75c
1.65
2.90
6.80
Jan
8
10
230
1.73
1.85
1.78
'
435
.60
Gold Mines.—
5.75
225
107,840
Tailors Ltd common..——*
Tip Top
Feb
4%
Apr
75
5c
3c
Feb
1.03
74%
-—————,-1>-1——25 -l.->
Tamblyn Ltd common—
—1—.*
Teck-Hughes Gold Mines ——
——1
Texas Canadian Oil Corp.±—i.;.2,—.5
4c
4c
Jan
9%
4%
70%
Jun
Feb
May
.^1—9%
—._—..*
4%
4%
common....
*
69%
69%
7%
3.600
33
■
Jan
2c
67c
425
100%
Rock Iron Mines
—
—_*
Basin Mines——•
Cons Mines Ltd—
1
Svlvanite Gold Mines. Ltd—1
4,770
46c
Canada
of
Co
Preferred
208,500
4
15c
Steel
7 %
47C
Radio
Standard
5c
4c
5%
Preferred
6%c
3V4c
7%c
ft
5% May
17c
1
-
Jan
12% Mar
■
:
Apr
May
18 Va
1,500
9
—
Jan
7%
•
31c
19,420
6%
...
—1.——.l.__^——li...l00
3.25
-
16% Mar
10
6.25
6%
7%
'/■ V; 98 100%
Siscoe Gold Mines..
i
43%c
40c43%c
Sladen Malartic Mines
1
37c
34c
38c
Slave Lake Gold Mines.
;
.1
—l'-'
2%c 2%c
South End Petroleum Co..6c
5'Ac
6c
Southwest Petroleum
35c
: 35c
35c
Standard. Chemical Co——1—,'. ."—■ •'
17
17
Standard Paving & Materials com.—.*
2%
2%
3
——*
Jan
Mar
18c
8,500
11%
'll;
12%
1.86
6,350
6.25
8%
.1,1
,
"
1.98
1.92
Feb
■
1
2139.
1.00
660
2.00 Mar
Apr
25,000
Steep
Jan
7%
ft
Canada
1.25
150
3%
;
Feb
1.04 Feb
-
6%c
43c
1
Apr
8%c
-
May
74c
5%c
40c
6%c
•
Sullivan
5
95
Mining Co_
3V4c
2%
Sudbury
10%
I100
-
B--
2,200
46,206
preferred———3%
Gold
1.65 May
48 y4
;V
Jan
40
Jan
50c
Jan
1,056
Apr
Jun
155
>
1.05 Jan
1,500
Jun
55%
'
Feb
35c
100
Jun
11 %c
_ft
Petroleum
Jan
13,522
Jun
5
—
preferred
125
■
Jun
19
Jan
10
27%
'
Jan
334,450
May
2,800
a
International Metal common A—
19%
17
2,875
14,000
1
Feb
14C
4%c
Co_
5
Feb
7%
——
Preferred
3%
14%
16% May
13c
4c
•
May
29%c Mar
12 %c
6%
— —
Imperial
4c
Jan
Jan
10c
19c
—
3c
1,000
20c
a
Imperial
12
38
5,600
1.30
4
76c
69c
7c
Ltd
Preferred
Feb
32c
17,800
4%c
■
May
Jan
11c
———10 %c ':/■/
Malartic Gold
Class B
23% May
18c
23c
1
•
class A
Jun
9
Jan
,
16cl9%c
Simpsons Ltd class A—
11% May
~~~1
Gas—
Gold Mines—;
—
—
Bay Mining & Smelting—
16c
Sigma Mines
Apr
Feb
10%
.
a
•
Oil
For footnotes see page
22
7
—1
Hollinger Consolidated Gold Mines- II—5
Mines
69c
Silverwoods Dairies preferred.———._*•
Jun
Feb
13 %c
—
class
6%
Jan
3%
12
8
57/a
.'--V
1
Dauch Paper Co
of
2%c
Apr
665
18
'
nil
Highwood-Scarcee'Oils Ltd———_
Utilities
Jan
4%c Mar
11%
3c
International
23% May
90
17
«
International
Mar
Jan
4%
19
*
5c
Nickel
24
21
Mar
'
common-
6%c
International
22% May
8
86
—.———
International Milling
Feb
77
100
_
5'/4
4.20 May
Jan
10
55
a
—
Jan
3.10
190
85
& Develop
4
32% Mar
May
10,600
54
——
Jan
1.20
Apr
23
90
81
—1
Preferred
1,323
—50
Bridge Co Ltd-_2—
Hamilton Cotton Co preferred- 1130
Mining
10
of Can com—*
Hamilton
—
Jun
28
Jan
80c
12 %c 12 %c
12 %C
& Alabastine—_
Swayze Mines Ltd—— in
-
1,325
,
4!/aC
Harding Carpets Ltd
Hard Rock Gold Mines--.
20
9%
21 %c
22c
Lime
Oil &
38.400
4c
Halliwell Gold Mines
76c
—*
May
25'A
—
May
Jan
rt.V-'-a'
Ltd——*•*■'...
24
—_1
—
3%c 3%c
Royal Bank of Canada
—
—100
1.37
1.37 1.37%
Royalite Oil
——
•
' 24
23%
24
Russel Industries common.—.—
10
17
17
St Anthony Gold Mines—
1
4%c
3c 4%c
St Lawrence Corp Ltd common——r*
2%
2%
Class A
-.—.A-;W™—-.50
r
-J--1 13% 14%
San Antonio Gold Mines Ltd—
.1
3.00
2.85
3.00
Senator Rouyn, Ltd
——1
28c
26c
29c
Shawinigan Water & Power——.
*
"
18
18
18
Shawkey Gold Mining Co————.1—1
—
2%c 2%c
Sherritt-Gordon Gold Mines
1—1,," '.
90c
89c - 92c
Roche
Apr
"v<: 3%
1.10
4
63c
66c
,
Mines IIIi
•
Kelvinator
Feb
1
*
Riverside Silk Mills
Jun
1.09
93c
.1^
1.30
4
Jan
48
50
75
4c
6c
87c94%c
1.25 1.25
6c
.
Queenston Gold Mines—L.—l
Mines————1
Mar
14%c
11%
•
ft
Jason
10c
Jan
20c 23 %c
'
„
Greening Wire Co Ltd-———
nil
Gold Mines Ltd
Waite
Jan
..
Ltd—™——*
27
Jan
Jan
405
45C
1.60
:-v:'/45';V;Y:'l45 : 46 'A '
Reno Gold
Feb
155
-
6
,
100
May
Mar
24%
2,170
Feb
Apr
40c
Jan
28c
322
1.80
80
Mar
65
10
34,225
43c
1.53
98
Preston
14% May
9%
9%
•
Gunnar
Jack
6
155
.
45c
.*
Corp of Canada
Premier Gold Mining Co———
Jun
85%
23c
__*
IIoo
——_ _—
Hasaga Mines
5
3.90
i>
__*
*
Inspiration
50
90c
in
..
*
Class B
100
5
.
155
,
80c
Voting
'
—
Great West Saddlery
v;
—1
Preferred
,.
: .V.
.
.
•
trust preferred
Hunts Ltd
14
14
—100
Power
Jun
4c
19,250
1.18
14
1
Mining—-—-—.
Paper v t
Lakes
Hudson
8%
4%c
15,500
'
121,800
'
——
——
27%
19
55
37c
25 Y4
,,
MineS-A,——-A-—iU_L,V'
Powell Rouyn
Jan
100
1
—.—
Goodyear Tire & Rubber
Howey
7%C
12%C 14 %C
1.26
1
*
Ltd
8%
—
Ltd-———*
Pioneer
9 % May
Jan
Jan
Ltd-———™— nil
Mines
Gate
Homestead
5%
590
Jan
»
Home
10V4
8% Mar
8%
•
Mines
25
Ltd——
Pickle-Crow
'
2%
—
Lake-Porcupine Gold
44%
126
common
Porcupine
Penmans
hJun
97
loo
Wares
775'
50
9
:
J
2y2c Feb
Jan
1.22
50
8%
Peoples Credit Securities
Jan
26
479
common——
:
■
,50
Paymaster Cons Mines Ltd...
May
23
Jan
405
Mines———--
Gold
Steel
Hinde &
16
Jun
8
*
Halcrow
Jan
4%
A
Jun
—
common——*
Ltd—™,
Oils
Partanen
Jun
9%
—
Canada class
Power
Gypsum
.
162
11%
preferred
Voting
35
15'A
I-
#
Great
Jan
23%
•
Aircraft Ltd
7
6
/
48
Corp
Nickel
Pamour
Jan
10c
33
80
4
Fleury-Bissell preferred
Feb
Mines———.———.1
Pandora Cadillac
Apr
300
4%
Federal Kirkland Mining———~
Preferred
Apr
93,114
4%
Nickel Mines—
Canadian Corp
Candy Shops—
Mar
4
Page-Hersey Tubes Ltd— _———♦
45l/2 Mar
130
Jan
11%
Players
Golden
Jan
123
-20
Farmer
18c
285
4,135
,
25%
Pacific Petroleums Ltd-—
Jun
———-
Falconbridge
Goldale
37%
32 :
com--*
—
Jan
21,900
7
5'
Gold
Pacalta
1.20 Mar
12
Jan
37
''
—.—
God's Lake
9%
22c
-100
Mines—
7c
13c 14 %C
Jan
.'
1.55
5
Mining
Orange Crush
Feb
70c
'
——
Gold
Apr
47%
.
Star Oil Ltd
Ontario
Jun
27c
9%
34
,162
.
—25
—
5c
11c
14%c
—.———1—*_--™«!!''
Oil
O'Brien
Mar
65c
•
24%
IlOO
English Electric of Canada class A_.
Gillies
98c
Jan
75c
18 %C
I,-*
r
—
Co
l%cMay
4,500
48
'Preferred
Jan
Jan
37
"
21 %c
"III
—__
Steel
General
North
May
20c
a
5 %■
47c
32%
.100
—
2,000
'
Apr.
750
44
———
Oil
2.15
8,550
130
.
—
Mining
Gatineau
Apr
3,000
43%
-
l%c
6%C
70
40c
Northern Empire Mines Co
May
1.34
11c
Jan
25c
127%
Chemical common
Tar &
Francoeur
7%c
13%
44
0
class B_
Steel
of
85c
Jan
1.00
■
Woollens & Worsteds
Co
Jan
500
2,115
8c
,130
*
Ford
54c
85c
1.15
.100
Easy Washing Machine Co—
Economic Investment Trust Ltd——125
Fleet
1.20
Normetai
Ills
Malartic Mines————
Fanny
Nordon
Feb
11%
—
———
Preferred
Famous
Feb
1.35
1.00
1.05
—
Canada—.
Fabrics
B
19%
23c
25c
»
Class
Apr
Jan
8C
13%
——
Ltd—:———
*
Eldorado
16%
95c
90c 92 %C
90c
._i
—25
preferred-.——
preferred---—— —*
Dominion Foundries & Steel com—
Eastern
135
^
————
1%C
6%C
70
33c
24%
Noranda Mines
Oils
Bank
Feb
l%c
6%c
'
500
20c
Dominion Coal
Crest
Jun
Gold
Mines—_—_——.—~——
Eastern
10
19
85c
;
12% May
Jun
Omega
Mines—
Apr
99c
1.55'
Nipissing Mines
Feb
7%
10
Okalta
—'
56
Jan
.
Mines—™-il
iNegus
1.32 May
—
Feb
83c
1.45
Ltd
Trust. Co
National
Feb
Apr
2.65
•
East
10
10
r
Jan
15
40
7,926
56c
22
Mar
Apr
Pass Coal Co Ltd-—
Preferred
18
1.10
'■
*
Duquesne
14,104
Jun
Jan
Nickel
Dominion
50c
24%
Jan
Petroleum
Dominion
Jan
12%
'
Distillers Corp—Seagrams common-
Dominion
10
10
'r--*
•
Dominion
1,866
65c
Aircraft Corp Ltd
Dominion
22%
10 %c
Smelting——,
47
,
200
Consolidated
Dominion
Jun
Jun
•
14,500
Mines^
550
4,265
'—-—™———————20
Preferred
Feb
54
common———
Cafeterias
lie
,93c
_*
'
Jun
Mar
100
Jan
5%c Jan
52
*
,
Jun
8%
<
90c
1
Mine?—
2,000
Jun
19 Va
Jan
92 %
41
8%C
Apr
93c
1
/
99
8%C
Apr
16 y4
9%
Jan
6
Apr
8%
v
52%
1
—1
14%
1,817
8%
98%
'I'-™'
■■,
,
———_1
Light Heat & Power———V,
Corp
10,300
Consumers Gas (Toronto)-
Dome
5%
5
18
"-aft.
*
Davies
Jan
'
*
Denison
Moore
29c
Co
Mines—
Mines—
6%
„
Porcupine Mines
Montreal
'■
1.20
Bakeries of
Cub
Apr
Jun
Moneta
Apr
33%
2.25
Consolidated
Crow's Nest
30%
138%
45c
*
Coniaurum
Apr
Jan
100
,
8
9%
19%
8%
—•
Corp of, Canada
—*
Knittings preferred—,L—_100
1.14
Petroleum
Commoil
Jan
Monarch
2.20
Plow
Cockshutt
Gold
29c
Mines—
5%
Lake
Red
1.20
Gold
Jan
9%' •A',':: 5,394
V2'
2,990
19%'
18%
7
Jan
10%
,
Jan
4%
1,065
Gold .Mines
Graham
1
—
Willans
Cocnenour
10.
is
1.10"
Chesterville Larder Lake Gold
Chromium
McKenzie
McLellan
Mines—I
*
& S Corp Ltd-—
Research
4%
2,934
16
Exploration———_*
Mining
Feb
1.20
1
Mines—
Porcupine
Chemical
50
8%
15
Mercury Mills Ltd—
3%
18%
1
Mines—.—
6 V2
7%
—
Porcupine Mines—i—_5
May
3
10
—1
—————
Gold
Pat
Central
6%
—
May
>
30
12%
%c Jan
8%
common——
Segur
Mclntyre
5
—ft.'
Apr
1.65
—16
26%
National Sewer Pipe Co class A———*
v18
National .Steel Car
:
* '•, 54
-
Feb
2%C
'-A:': l%c
■
Natl Grocers common™^———wwt—•*
.
2.09
70c
1,000
Jun
12%;
Apr;
Apr
1%C
*
Ltd
——
McDougall
Feb
27%
36c
1.25
1.51 Marj 1-
17,400
Apr
48c
Apr
Jan
1.76
18%
22%
Apr
1.84
1.08
McColl Frontenac Oil common—„*
McWatters
27% Mai
133
2,465
Jan
3.40
1.72
30
5% '
21%
Jan
1.10
Jan
5
Feb
2.30
1.73
Jan
4%
19%
1
Mines
15
5
1
170
1
Gold
Mar
3,125
,
„
1.12
22
Gold Quartz Mining Co— —_1
Cariboo
•
135
II*
—
1.65
795
-
A-;——
Ltd
Canadian Wallpaper class
Jan
30
—25
——
1.00
18%
>»
common—
Ry
7,895
May
17
5%
*
Canadian Locomotive Co
Canadian
Jan
60c
28%
—;——
Ltd—
Gold' Mines-
60 %c
30
■
<*
Class B
2,500
7,300
Muirheads
"A"
class
Alcohol
Industrial
Can.
2c
73c
20
Preferred
Apr
2c
82c
18%
.
—
Products———r
Food
Canadian
85c
2c
Preferred
Feb
7% Mar
140
Leaf
9
12
400
2%c
Apr
83c
Gardens preferred———10
Milling common
'•
Leaf
Jan
6%
590
Jan
,
5.30
„1
Fields
Eastern Mines
&
McVittie
22
V
Gold
Apr
Jan.
33
Lake
Red
39
Jan
30%
Apr
lc
15,970
Massey-narris
3% May
Jan
19
32
Feb
11
11,325
Jan
10%
138% 138%
9 '/a C
Jan
1.65
Preferred A—»:
Mar
140
Jan
1.35
28
145
33
IIoo
Preferred
85
530
29%
30
common——
Jun
9%
.
1.58
Jun'-
6
Jan
129
780
3%c
235
■
73c
Jun
Jan
12
10
23,800
11
3.25
Mar
21%
9%
6%C
21'%
Maple
May
65
11%
9%
»
Celanese
Canadian
38
2iy4
1st
5%
Jan
2%
2,035
37
3 %C
11 V 10%
3%c
69c
Maple
Jun
Jan
66
39
3%
36%
135
—si-
—
Jan
3.00
14% May
Jan
31%
10
'
Jan
3.65
20%
Man
Jun
59
241
85
—
10%
412
3.20
Jun
150
Jan
8%
'
1,525
4.80
■
124
800
35%
*
Jan
79%
38
14%
37
Preferred
50
91
7%
14%
21'%
Jun
91
13%
.
72%c
Malartic
39% May
Feb
7%
59%
—50
common—
.
40c
•
Madsen
24% Mar
Apr
3,000
45,100
4.75
Mines,
Jun
100
Apr
13%
—*
Breweries
of
231
140%
145
Commerce--— -100
Bank
Canadian
23
Jun
7%
Jan
91
D>
common
———
Canadian
92
39
__
class A—
Wire & Cable
Preferred
93
7%
common-
103
Jan
4%
100
91
Mortgage-.
Steamship
1,448
39 '
*
Canada Packers Ltd
Permanent
7%
22%
.
♦
25
Feb
16
10c
66c
__*
Macassa
Jun
71c
10c
50c
Ltd—1
MacLeod-Coexshutt Gold Mines™——1
Jun
6%
102 % Mar
103
98%
100
:~
Corp„—
3
Jan
Apr
May
Mar
——1
Ltd-
Gold Mines,
Little Long Lac, Gold Mines Ltd
Loblaw Groceterias class A_.
Jun
35c
Jan
V'
7%
A—*
class
Ltd—!
Power
Northern
IlOO
——
1.66
Jan
21c
-
103
7%
Canada Foundry & Forgings
Canadian.
1.15
17,940
5%
Feb
12c
57c
„*
„1
3
—.
Candy
Mines Ltd
Oro
70c
Jun
10c
14%
1
Ltd_™
Mines,
Mines Cadillac Gold Mines-'
Leitch
11% May
Feb
9%
13,100
34c
Mar
13
400
10
—
Jan
3%c
258,000
6%
Canada Malting Co
Canada
9C
4c
Jan
10c
———1
.
Lake
Shore
55c
7,530
Lake Dufault Mines Ltd.—1
62c
Mar
Jan
40c
500
61c
Apr
2.20
2.15
1
Preferred ———^
32C
59c
1
;
Jun
33
Jan
10 %c 10% C
8c
Canada Cement common—.
32c
Townsite
Kirkland
5 % May
46c
.__*
Bread
Class A
Can
Jan
6.50 May
20c
32c
59
KirkJand Lake Gold Mining
Hudson
Jan
4.75
13,725
Bay Mines—„—l
Kirkland
High
Low
6.25
5.95
Jun
3,450
-*
Calmont Oils Ltd——-—
Canada
2%
Range Since January 1
High
6.00
Jun
32,600
*
Canada
300
of Prices
Low
'
■
Shares
1
21%
33
;—
Steel Co.
—
Calgary & Edmonton Corp Ltd—-
Burlington
.
5%
,
52c
>
Products Ltd—
Building
Jan
Par
Mines
Gold
27'/a
Jan
23%
■'
Kerr-Addison
28
2.20
u
Mines
Gold
17%
235
19%
''
Apr
52c
10%c
Corp
Ankerite
936
,
'''
'
■
7%
Feb
33
*
Oil
Brown
Buffalo
5 Ve
50
52c
'
>
—
Porcupine Mines, Ltd— IIIi
Broulan
',r'
High
for Week
Range
Sale Price
STOCKS—
Range Since January 1
Low
6%
5
Distillers of
British
British
Low
Sales
Week's
Last
High
Par
Brewers &
Listed and Unlisted
-
Friday
for Week
Shares
Range
Last
-
Sales
Week's
Friday
STOCKS-
Monday, June 7, 1943
FINANCIAL CHRONICLE
.
22c
7%
86
8
91
14
14%
100 100 V2
6%
7V2
50 59%
3.40 3.55
9c
9c
4,700
1,185
20c
3.40
325
47
224
19
Jan
4.95 Mar
Jan
56% May
Jan
21
May
19c
Jan
24c
Mar
480
3
Jan
8
1,070
40
Jan
91
Jun
685
12
Feb
15
May
62
94
Jan
101
May
5,340
1,840
7,366
1,000
3%
20
2.50
8c
Jun
Apr
7%
Jun
Jan
59y4
Jun
Jan
4.20
Apr
Mar
10 %c May
Volume
Number 4183
157
THE COMMERCIAL & FINANCIAL CHRONICLE
.
2139
Week's
Friday
Toronto Stock
Last
Exchange-Curb Section
Canadian
Sales
for Week
Range
Sale Price
STOCKS—
of Prices
Shares
Range Since January 1
Par
Low
High
I. —5
1.30
1.40
300
4'/a
5%
22,014
5
5
100
1.25
1.25
70
35c
Funds
May 29 to June 4 both inclusive, compiled from official sales lists
Friday
Week's
Sales
Last
Range
for Week
Range Since January 1
STOCKS—
Sale Price
of Prices
Shares
Coast
Copper Co Ltd.
t
Consolidated Paper Corp
5'A
...
LOW
1.20
High
Jan
1.80
3
Jan
5'%
3
Mar
Feb
Jun
'
Low
Par
Beath & Son
Brett
Bruck
Silk
Canada
Oil
8%
50
6'A Mar
lc
3,000
% c Mar
iy2c
Jan
Foothills Oil
7%
8
475
6%
Apr
9%
Feb
Oil
10 Va
315
6
Feb
8%
25
8%
—
2%'
Canadian Marconi
3
2%
10% May
8%
6^j Jan
85c
3,700
Apr
3 Va May
Jan
A—J—.
Co
&
Selections
Osisko
Pend
—..
Ltd...
Lake
Co
45c
5
1.25 May
6,808
29'Ac 29'Ac
com.
25
May
1.25 May
29c
Jan
45c
Jun
25'Ac
Jan
30c
Apr
78c
Jan
1.65
1.21
1.75
15,250
5c
4%C
7c
3,500
2%c
Jan
7
-..1
7'Ac
7'Ac
9c
3,500
7'Ac
Apr
19c
Jan
Metals—. ...1
1.72
1.66
1.75
Jan
1.75
Jun
—1
7C
5'Ac
8'AC
3,900
20,268
1.05
5'Ac
Jan
8%c
Jun
Co
Gas
Ltd.
—
Mines
Oreille
43c
—
Construction
Steel
10 %
8
,
Vinegars. —:
Disher
7%
Bud Breweries Ltd
Canada
Jun
8 V2
Mines———.
class
Press
Crown Dominion Oil Co
Dalhousie
High
Low
High
lc
class A.
Ltd
Trethewey
*
Consolidated
Ltd—....
Mines &
Temiskaming Mining Co—
...
1.75
Jun
Jun
MARKETS
OVER-THE-COUNTER
Quotations for Friday June 4
Insurance
Investing Companies
Bid
Bid
Par
Ask
10
134%
7.74
l'A
Affiliated Fund Inc
3.38
10
Corp
Holding
AAmerex
American Business Shares—...1
Foreign InvestingllOc
American
B-l—
13.53
Series
B-2
Series
B-3
14.55
6'A
Series
24%
3,64
14.24
7
13.13
1
Axe-Houghton Fund Inc..*
8.41
Keystone Custodian Funds-
3.70
22%
3.32
2
Oil Shares
Stand
Assoc
,
;■
*
-
9.43
preferred
5
Shares—*—.10
A6%
Basic
4'A
3.85
—5
16.66
26.76
14.85
Industry
Inc..
Fund
Boston
Inc—5
Broad Street Invest Co
Ltd.
Fund
Bullock
1
—
S-3
Series
5
18.78
24.55
14.14
10.20
11.24
6.42
S-4
12.84
»'
91.34
93.20
5.08
•4.58
-
.
Fund
Loomis Sayles Mut Fund
Loomis Sayles Sec Fund—:
39.20
38.42
Manhattan Bond Fund Inc—
3.05
Ltd-...—1
Fund
Inv
Canadian
.
.
37'%
35'%
Consol Investment Trust——1
Common
3.70
—• % 27.68 ; 29.76
a.—1
10.02
10.91
Christiana Securities com—1012,470
2,570Preferred
——.—100
1.42
1.46
Commonwealth Invest—
1
4.62
5,03
Century Shares Trust
Fund
Chemical
1
...__1
Accumulative series
AA
Series
ACC
1
mod—
Forster Insurance—
&
.100
preferred.'—
A7%
•
Cumulative Trust Shares
2d
1
10.10
10.86
10
11.08
(Md)
Inc
Low
C
1
—2.80
..25c
——
...
£>
.
Dividend Shares
30'A
32
111
4.91
American
Re-Insurance— —10
American
Reserve
American
Surety
29.85
19;33
1.83
2.01
5,67
Metals
Bankers & Shippers
Boston
Camden
25
3.75
2
23.54
Fundamental Trust Shares A__2
4.76
5.67
•
—10
18%..-,: 20%
Connecticut General Life
—10
36%
38%
5
Continental Casualty—
•
34.20
1
5.05
5.44
4.86
6.00
7.37
12.33
13.29
10.52
5.82
—
.9.71
7.56
—
11.24
—
10.50
8.09
Steel
——.
39%
North Amer Bond Trust ctfs-
Fire
10
78%
Newark—
of
Fire
Glens Falls Fire.
9.51
5.50
50c
Great
5
American—
.
Merchandise shares
—
Mining shares—
RR
Inc Shares——lOo
Republic Invest Fund———1
3.74
27%
99
Hartford Steamboiler Inspect-10
43%
46%
Home
4.11
91.73
9.59
10.46
1
4.23
Shares
—1
——•
State St Investment Corp
:.•
Super Corp of Amer AA—.—1
6.23
X14.41
Spencer Trask Fund
15.33
78.54
A
———1
Foundation
Fund
5,92
-i
7.02
34.39
4.91
Trustee
19c
125%
129'%
Standard Accident
12.75
L—__
82c
1.12
1
U S
Fidelity & Guaranty Co__2
Bid
■/
Class
of
Manhattan
Co„
National—
10
21%
—Feb
—
Bankers
,
Series'
B
36%
13.55
100
100
ui
——
10
—:
100 :;
—
■%s_
1,
1943
Par
38%
National City.
23.11
193
201
Bid
4s
12.11
12.41
Bid
3s
3s
1955-1945
1955-1945—
Jan.
May
1,
1956-1946
1,
1956-1946;
..
—
33%
35%
17%
31%
33%
Companies
Par
.47%
I 79
49%
83
Irving
Kings County
Lawyers
——
Bid
10
14%
1,360
100
.—25
—
27
43%
20
common—
Ask
13%
30
46%
Chemical Bank & Trust
10
46
48'A
Morgan
—100
198
208
10
16%
18%
New York
25
83
87
Exchange Bank & Trust_20
;
50
44%
60%
47'%
Title Guarantee & Trust
12
Empire J
Fulton
>
64%
—100
165
296
304
Preferred
20
——
(J
P)
Co_
&
52%
'
54%
5%
6%
175
»100
———
i.4.
Guaranty
Bid
Int. Rate
1%%
15,
15,
1943
1943
15,
1943—
1%%
83c
1
,
1
Upited
States—^
100
*
1944—
15,
%
Ask
100.1
100
1,185
1,225
1944—
100.7
tMar 15,
1946—
100.14
100.15
tDec
1946
Mar 15,
8.08
tMar
—
1
15,
...
1
A 16.26
100.15
t%s Aug 1,
100.29
99.29
%%
100.19
1 'A %
100.14
99.31
100.21;
100.16
Bid
Macy (R H)
Penn
1
t%s May
10
Corp.
100.6
2%
17%
106%
98
3%s,
98%
100%
1972
101'A
108
2%s 1952^
Electric
109
1944————i.—.
1,1944———
3
19%
b0.75
0.60%
tiy8%
Ask
July 15, 1943
Apr
U
3
15. 1944
Housing Authority—
notes
Feb
1,1944
1%%
103 ft
June
103%
100.17
100.20
U' 104%
105jg
106
106%
106%
Other
100.2
100.5
100.17
100.20
3s
U S Conversion
3s
Panama Canal
3s
1946
—194?
——1961
1943
1943
1943
—
1943
July 14, 1943
0.72%
b0.74
0.72%
—
—
0.30%
0.32%
0.32%
b0.37
b0.37
0.32%
0.32%
Ask
105%
Puget Sound P & L 4%s 1972—
Southern Natural Gas Pipe Line
& Co 3s
—
104%
105%
106'%
100'A
1958—
Pwr & Lgt
105%
3'As,. 1971
100%
106%
107
Bills
at purchase
Ask
Bid
b0.37
0.33%
b0.37
July 21, 1943—
July 28, 1943Aug. 4, 1943—
Aug. 12, 1943Aug. 19, 1943Aug. 26, 1943—
Sept. 2, 1943-
0.34%
b0.37
0.34%
bO.37
0.34%
b0.375
0.35%
b0.375
0.35%
b0.375
0.35%
value.
«>. Odd
lot sales,
b Yield price, d Deferred delivery, r Canadian
Cash sale—not Included in range for year.
x-Ex-divldend.
y Ex-rights,
tin default.
•No
s
0.28%
b0.37
b0.37
b0.37
b0.37
1943
23,
June 30,
100.3
100.7
par
market,
tThase
106 Va
106%
108'%
108%
all Federal taxes.
(I Name changed to Sinclair Oil Corp.
AQuotations not
fum'"**"' hv cnnnsrvT or issuer.
e After declaration of a $6 liquidating dividend by
the London Packing Co. to common stockholdero ui recora June
1, stockholders on May 21, 1943 approved sale of company's assets to
Standard Brands, Inc.
f Stockholders of the Consolidated Oil Corp. on May 19, 1943 approved a
128'/2
130
change in name to the
Issues
U S Conversion
16,
July 7,
104
104
9,
June
103%
104%
0.68%
b0.74
105%
1972
Ask
Treasury bills—
Finance Corp—
—
0.65%
b0.70
Bid
3%s
quoted are fcr discount
Bid
June
3, 1943 at 100%—
Reconstruction
0.58%
b0.67
Public Service of Indiana
Wisconsin
1944—
l%s Jan. 3,
—
*
0.40%
b0.60
3'As, 1956
Rates
Bid
100.8
100.21
b0.44
Ask
106%
1971
Wilson
Boston
99.28
100.19
Quotations For Recent Bond Issues
17.88
Corporations
AFirst
1
99.21
99.26
1943—
t%s Dec 1, 1943——
t%s Feb 1, 1944
—:
t%s Apr
Ask
99.19
t%S NOV 1, 1943
%%
1945—
%%
1
%
1%%
Indebtedness—
100.18
100.13
19^4.
—
Investment Banking
Co
of
100.16
100.27
Empire Gas & Fuel 3%s, 1962—
Blair &
Certificates
——.
%
%
1945-
JSept. 15,
20.60
1945
100.6
15,
Bid
Int. Rate
Maturity—
tDec. 15,
%%
1944
15,
Sep
25.57
1.70
—
Ask
103 U
1964-1944
3'As
3s
1,525
12%
Public National—.
Ask
374
364
25.12
'
1
1,495
15
Shares A_
Wellington Fund
1.23
Federal Land Bank Bonds—
1946-1944—
Ask
Bid
.—100
99%
18.84
-
7.39
tl%
4s
34%
96%
23.40
——;
B
91c
Banks—
Oct.
78'%
32'%
20
Mar 15,
74c
C
Call July
Federal Home Loan
53%
74%
Central Hanover
Federal Natl Mtge Assn—
15, 1945
34%
51'%
2.50
First National of N Y-.
New York Trust
Jun
42
25c
B
1.3.97
Commodity Credit Corp—
tl'%%
32%
4
Guarantee—
Ask
19%
par
1
Obligations Of Governmental Agencies
■
67'%
518
—10
U S Fire-,.*.————
United States Treasury
;
508
New York Bank Stocks
■: >v
Sep
6.36
Trusteed Amer Bank Shs—
A
;—
65
Westchester Fire
Jun
Ltd—
Insurance Group shares—
Investors Fund O
—10
100
41%
Cent HI Pub Serv 3%s,
America—10
—
Travelers
38%
20
Maturity—
Trusteed Industry Shares—25c
U S El Lt & Pwr
2.52
of
Springfield Fire & Marine. —25
Jersey Insurance of N Y
Dec
31c
2.23
Co
41%
...
Quotations For U. S. Treasury Notes
5.82
A———----A—1:
A Series' B—
A
1
1.56
Investment
5 l'A
39%
U S
21.46
;
2.96
49'A
83%
4.11
Inc
shares
2.86
10
18%
Stand Oil Shares—
■A .-ASeries■
4.11
4.65
1.43
shares
26%
Figures after decimal point represent one or more 32ds of a point
3.60
19.96
Bank Group
6%
27%
25'%
32%
2.23
——.—10c
Securities
5%
26%
.—10
Security New Haven
81%
6.31
Incorporated Investors-———5
Independence Trust Shares—•
Aviation Group
Seaboard Surety———
16%
2.32
5.73
Series
Income
2
10
.ao
—
__
31
5
——
A
C—
United Bond Fund series A—-
1
15'%
37%
2.42
D——.—_—4-—1
4.22
Holding Corp
'
35%
10
Corp (NY)_—
Republic
(Texas)
(Paul) Fire
Revere
Fire————10
Corn
6.89
A Series
3.73
A Huron
89%
14
Continental Bank & Trust
89.91
2 '/a
ASerles
4.46
*
shares
Institutional
Providence-Washington
Insur Co of North America—10
Homestead
Brooklyn
6.55
3.73
shares
Common
31 %
94%
Bank of New York
7.39
3.26
shares
Utility
10
%
26'A
7.04
6.72
6.38
Equipment shares
—_5
47%
7.76
5.38
•
sharesshares—
Tobacco
29
10
14.34
6.33
—
Steel
44%
9
,
10
Fire
55c
13.34
Plymouth Fund Inc
—10c
Putnam (Geo) Fund————1
5.95
.—
Price Shares
109
45'%
86%
10
2.28
.1
—
7.58
v
105
10
St Paul Fire & Marine- .62%
5
Chase
2.67
Series 1956-.-—Wi—it- .1
Trustee Stand Invest Shs—
investing
Railroad
42 %
—_5
Globe & Republic.:
Commercial National-—
8.31
7.06
.25
;
2.73
-1
7.56
8.65
•
5%
103'%
81%
Bank
r
2.14
;
Selected Amer Shares—
4.99
.<
5'%
99'%
Indemnity Co—
siiares
6.33
Food shares
Petroleum
—
Pacific
6.74
7.19
6.92
5
——,
Northern
Phoenix
5.53
6.54
Electrical Equipment—•_
General bond shares
A
Northeastern
Pacific
11.54
6.12
.
Scudder, Stevens & Clark
Fund, Inc
——*
6.29
26'%
7.38
7.35
—_
Selected Income
16 »A
24%
——2.50
8.94
6.70
Sovereign Investors—-
Chemical shares
Low
River—
8.32
8.13
6.89
—
Building shares
n
North
68'%
6.41
5.02
Quarterly
48 »A
15
5
—_
42
Hartford
—.
Series 1958
34'%
45%
12.50
Fire
66%
6.61
6.67
10.23
1953——
28
32'%
10
Reinsurance
5.75
shares
shares
shares.
Aviation
York
Manufacturers
Group Securities—'
Automobile
Hampshire Fire.-
New
10
20%
-—.
Series
26
9'%
10
40
52'%
8.83
Trust
185
—
40
18%
stock
Amer
8
180
Casualty. —2
Amsterdam
New
37%
Par
31.81
2
—20
10
-
49 %
Railroad equipment-
North
8'A
63%
6.27
22%
City of New York
4.37
Agricultural
20%
8
5
—
Railroad
4.35
21.48
Capital Corp
General Investors Trust
6.07
—100
Fire—,——
89%
10
Series 1955———.—
General
86%
General Reinsurance Corp..
Gibraltar Fire & Marine
.
_
7'A
61%
New Brunswick
7.47
9.86
B
New
,
8%
3.67
9.49
6.35
10
Foundation Trust Shares A—1
Inc
57%
7%
—2%
7.52
12.07
34'A
17.96
Invest
X55
.—25
Baltimore American—
3.25
8.63
32.10
«A
Fidelity Fund Inc.——•
Financial Industrial Fund, Inc.
First Mutual Trust Fund.
8
Fundamental
National Liberty
National Union Fire
13
6.79
Machinery
4
Y__
31%
—.
Chemical
50'A
15%
11%
Inc—
Oils.
:
59'A
28%
10.98
12.84
Equitable Invest Corp (Mass) .9
Equity Corp $3 conv pfd—-1
N
14%
5
stock———.—
21.25
11.95
Fire
56'A
10
5
1
—
78
46%
National Fire.
I
4.39
—
74%
—5
—10
Mfrs
&
16
•
Firemen's
9.57
Aviation
,
6%
,12%
Fire Assur
Preferred Accident—.
Building supply———
Bank
6.25
1.3C
19.79
Fixed Trust Shares A
15
Franklin
Fund—
Automobile
5%
20%
American of Newark——.—2%
Merch
24%
19
1.43
series—.
New England
20.74
'.
1
32
23%
5
—10
Hanover
—1
Fund
Equitable
7.31
priced bond series—
Insurance
Fund
Stock
Alliance
American
6.84
New York Stocks
3.70
;, 5.55
1.24
_
'
American
1.31
series
Income
.
& Howard—
Balanced
Merchant
6.81
Electrical equipment—
Eaton
74 %
—1
Agriculture
■
71'/a
^25c
priced stock common
Bond
29'A
Diversified Trustee Shares—
25
Casualty—
Massachusetts Bonding
National Security Series—
Low
19.18
Agricultural
Maryland
3.60
Preferred stock series—-
—...——1
Fund-
Delaware
36%
Federal
Securities—
series B shares
voting shares-
9%
—1
57
34%
Fireman's Fd of San Fran
Fund-;
National Investors Corp—
V
shares———10
B
ACommon
4.85
22.34
Fund
Invest
Nation-Wide
118
—100
preferred
A8%
...
28'A
& Forster common—10
ACrum
Crum
.1
mod
Series
2.29
2.29
2.76
2.76
54%
—10
—
Fire Assn of Phila
i.
2.43
1
AA
Series
4.30
20.78
Investors
Mutual
(Colo)
Corporate Trust Shares—
—10c
Trust—-i._—1
Investors
Mass
8.89
8.08
10c
———.—
Maryland Fund Inc—
Mass
—10
——
Aetna
7.09
*
10
...
Ask
8%
Knickerbocker
26.95
—
Knickerbocker
,17.91
28.93
16.27
17.18
S-2—
Series
4
10.35
-
K-2
17.00
K-l__
Series
Series
3%
19.71
15.68
B-4
Series
•
—1
ACommon——
28.59
17.96
*
Scries
Series S-l
Bankers Nat Investing—
26.03
—
——■u—
Surety—
Life.
Aetna
32.77
29.86
—
Bid
5
Par
139%
Ask
Aetna Casual &
1
Aeronautical Securities
Companies
Ask
Par
Bid
Par
bonds
are
subject
to
Sinclair Oil Corp.
'
Monday, June 7, 1943
CHRONICLE
THE COMMERCIAL & FINANCIAL
2140
Week Ended May 29
CLEARINGS
THE COURSE OT BANK
this week show an increase compared with a year ago. Prelim¬
inary figures compiled by us, based upon telegraphic advices from the chief cities of
the country, indicate that for the week ended Saturday, June 5, clearings from all
cities of the United States from which it is possible to obtain weekly clearings will
be, 1.8% above those for the corresponding week last year.
Our preliminary total*
Bank clearings
center there is a gain for
mary
;
for the week follows:
Week
York__
New
—
301,171,276
Kansas
123,900,000
139,400,000
168,421,000
173,754,000
—
157,795,335
171,885,414
—
131,473,456
Ban Francisco-
144,986,646
106,140,530
—_—
.
Pittsburgh
i 104,003,044
+
$5,376,257,950
-——;
BaltimoreTen cities,
five
$5,378,140,037
days——1
Other cities, five days
Total all cities, five
1,213,411,675
1,158,874,860
$6,591,551,712
——
days
Total all cities for week
1.2
""Estimated.
•
■'
•
-
•
—
■
33,572,377
3.1
8.2
In the following we
furnish
105,906
73,091,985
48,210,845
+51.6
44,247,626
309,714,983
242,994,924
+27.5
199,946,693
Orleans
—
>
4.7
+
0.9
+
(10 cities)—
SUMMARY
OF
BANK
—
6.2
Rapids
Lansing
_a.
+ 1.8
6th
6th
7th
6th
0th
10th
11th
12th
502,848,177
"
10
7
0
—_—-10
Chicago
—
17
St. Louis
4
Minneapolis7
Kansas City——
10
Dallas
;
6
San Francisco
10
Cleveland
1th
279,974,416
3j206,567,021
628,356,089
565,751,745
'♦
12
Philadelphia
3d
362,344,511
5,409,265,530
12 cities
York
New
——
Richmond
-
Atlanta
+ 60.6
Total
"
"
**
Iowa—Cedar Rapids
309,714,983
Sioux
29.4
259,226,562
1,170,373
9,005,070
8,858,568
f+ 13.7
3,043,781
362,039
+ 39.3
3,506,942
451,982
425,797,329
322,241,308
> 32.1
337,430,363
304,029,878
1,413,570
6.1
1,012,049
4,317,699
,V
Chicago—
:
504,349
—
—-
+
4,484,904
1,332,654
3,709,515
Rockford—.——
2,959,965
1,407,963
Springfield-
2,025,142
1,322,643
401,721,931
t
+ 110.2
.
Peoria--—-
Total
+ 20.9
"
536,733,670
(17 cities) —
'
404,863
.
828,297
3,952,602
•
1,473,074
1,182,346
>53.1
1,508,057
1,148,833
+33.6
413,895,485
371,593,699
+ 38.6
>
Eighth Federal Reserve District—St. Louis189,600,000
136,800,000
119,600,000
94,700,000
61.491,946
50,691,692
+ 21.3
46,233,534
29,111,326
34,986,860
22,953,475
>52.4
24,850,966
10,704,376
1,054,000
641,000
+ 64.4
603,000
468,000
287,132,806
211,086,167
+36.0
191,347,500
140,983,702
3,966,712
3,347,216
+ 18.5
116,694,703
71,836,403
+ 64.5
73,649,659
55,743,531
40,354,939
28,028,166
+ 44.0
2,159,482
+ 28.3
27,260,959
2,138,905
22,829,331
2,771,214
1,202,235
778,913
+ 54.3
772,535
975,453
679,257
+ 43.6
818,648
671,247
2,970,873
+ 20.8
2,666,525
2,824,290
169,552,599
Louis
Missouri—St.
109,800,310
+54.4
110,925,248
87,399,331
Kentucky—Louisville
Tennessee—Memphis
Illinois—Quincy
(4 cities)—
Total
—
Ninth Federal Reserve
District—Minneapolis-
Minnesota—Duluth
Minneapolis
(7 cities)—.
Total
3,369,726,742
25.0
454,267,252
3,051,148,528
361,456,581
+
+ 40.4
358,832,598
2,719,725
3,618,017
1,841,263
*•
+
37.6
140,215,216
Hastings
769,944
v
+ 27.5
199,946,693
152,477,243
536,733,670
401,721,931
+
33.6
413,895,485.
371,593,699
287,132,806
;211,086,167
+
36.0
191,347,500
140,983,702
169,552,599
109,800,310
+
54.4
110,925,248
87,399,331
281,567,855
182,812,583
75,836,061
+ 54.0
144,281,033
111,741,795
131,398,969
73.3
73,494,404
55,904,413
442,007,011
300,323,370
+ 47.2
227,443,438
,-r—
Lincoln
:
V
Wichita
...
-
Missouri—Kansas City.
—
88,752
130,563
107,446
+ 44.0
.
2,211,086
2,340,854
2,402,599
+ 58.4
2,538,574
29,383,017
23,593,613
1,334,235
1,747,285'
4.1
—
2,458,044
3,154,837"
3,800,978
+ 19.3
126,658,147
+ 56.0
103,271,917
78,845,064
3,964,442
+ 41.1
953,956
—21.9
3,068,647
421,921
2,277,745
107,003
611,276
+ 11.6
687,777
527,294
182,812,583
+54.0
144,281,033
111,741,795
210,905,839
+
9,375,056,584
6,099,601,192
+ 53.7
5,943,602,171
+ 38.3
2,682,767,249
2,223,203,225
524,084,371
358,723,802
+46.1
310,122,617
305,828,392
—
Pueblo
!■
5,592,625
745,167
St. Joseph,
Colorado—Colorado Springs
682,241
-
.
281,567,855
(10 cities)——
5,176,710,339
3,000,896,598
detailed statement showing the figures for each city for
our
74,215
+ 107.3
41,866,167
2,119,598
.
4,532.682
197,538.012
—
.
+ 65.8
119,589
';■■■
3,654,696
66,308,377
-
Omaha—.
Kansas—Topeka
Eleventh Federal Reserve District—Dallas-
2,294,015
the
Fort Worth—
+ 59.0
1,217,970
1,232,658
58,835,834
9,963,499
+ 57.4
58,771,392
43,018,000
+ 35.5
8,138,065
6,243,177
*13,500,000 ;
—
1,807,000
+ 39.9
1,119,769
771(739
+ 45.1
3,015,348
+ 64.2
1,785,000
841,082
2,740,895
2,031,000
793,306
19,372,284
131,398,969
Galveston.
75,836,061
+73.3
73,494,404
1 55,904,413
43,590,090
2,528,000
—
Falls
Wichita
four years:
—
1,442,641
92,584,901
Texas-—Austin
Dallas—
week ended May 29 for
f
88,368
146,533
247,924
■
137,806,515
242,994,924
City—
Nebraska—Fremont—
276,510,894
182,545,227
V
Tenth Federal Reserve District—Kansas
218,781,799
+ 68.7
+
"
32 cities
add
+ 34.6
>45.6
5,101,738
•'
1,160,953
■
5,803,110
—
Decatur
5,335,078
v
8,227,362
1,562.964
'11,982,639
City—„—.
1,717.909
19,578,711
$
4,150.934,304
Canada
now
>50.3
3,587,343
"
"
"
M
"
New York City
We
+ 15.5
20,615,248
'
17,810,237
1,078,256
-
Moines.
Illinois—Bloomington
1940
403,091,005
251,230,816
——111 cities
—
*6,000,000
6,930,959
<
2,324,289
5,271,203
30,978,420
Des
1,771,364
1,921,050
19,380,000
2,016,310
Haute
Total
Outside
229,333
'
Boston
«
152,477,243
2,823,743
1,318,110
1,521,863
10,310,000
7.7
3,237,578
Bend
1
+
+ 38.6
Montana—Billings
$
Dec. %
2d
2,484,334
20,429,627
South
1941
Inc. or
$
35,191,699
...
395,822
2,132,067 ".'+39.1
2,964,665
CLEARINGS
1942
137,339
,
3,377,437
+ 44.0
+ 62.1.
28,321,000
Indianapolis
South Dakota—Aberdeen
$
2,497,842
2,442,914
2,841,523
2,675,005
SL.
Indiana—Fort Wayne
North Dakota—Fargo——_—a.
1943
20,681,073
27,264,571
•
Grand
336,647
484,847
4,607,224
Michigan—Ann Arbor
,
Week Ended May 29
1st
"
District—Chicago—
73.3% and in the San Fran¬
Federal Reserve Districts
'
72,900,000
'•■■■. 1,467,414
1,312,678
"
by Federal Reserve Districts:
a summary
*1,500,000
28,779,167
',
-
140,758
Terre
.
91,100,000
1,969,547
•
3,642,647
17,439,556
52,200,000
1,119,856
796,231
16,771,000
4,205,109
20,009,475
"
—19.4
; :
—
Seventh Federal Reserve
Reserve District of 54.4%.
improvement of 54.0%, in the Dallas Reserve District of
cisco Reserve District of 47.2%,
; '".
-
*"
•
174,634
Total
33.6%, in the St. Louis Reserve District of 36.0% and in the Minneapolis
In the Kansas City Reserve District the totals show an
increase of
^
+25.0
+35.0
+19.4
— 3.8
+20.0
4,858,359;
24,860,343
25,991,000
Chicago Reserve District the totals record an
In the
137,806,515
1,134,743
9.3
the Saturday figures are not
of 27.5%.
District
140,215,216
+45.2
+ 0.6
+20.3
v
;
—
Louisiana—New
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
we are able to give the final and complete results for the week previous—the week
ended May 29. For that week there was an increase of 53.7%, the aggregate 6f
clearings for the whole country having amounted to $9,375,056,584, against $6,099,601,192 in the same week in 1942. Outside of this city there was an increase of 38.3%,
"the bank clearings at this centre having recorded a gain of 68.6%.
We group the
cities according to the Federal Reserve Districts in which they are located, and from
this it appears that in the New York District (including this city) the totals register
an expansion of 68.7%, in the Boston Reserve District of 29.4%
and in the Phila¬
delphia Reserve District of 25.0%. In the Cleveland Reserve District the totals show
a
gain of 40.4%, in the Richmond Reserve District of 37.6% and in the Atlanta
Reserve
+37.6
3,862,925
our
ends Saturday and
182,545,227
108,800,000
1,893,991
-
Mississippi—Vicksburg
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 the week
in
23,859,297
37,679,104
Mobile
i"
,<
75,521,372
28,189,866
'>
Wisconsin*—Milwaukee
!
65,326,847
+ 26.9
4,645,484
—11.1
$7,871,242,101
$8,009,862,054
;
;
+ 48.7
25,390,758
6,072,696
-
y
Macon—
—15.1
$6,535,132,810
1,336,109,291
1,418,310,342
All cities, one day
99,641,937
37,922,073
0.1
Cleveland-
2,481,000
34,266,925
1,434,744
*1,800,000
41,775,619
2.1
+
.
3,555,000
40,992,470
4.0
+
Alabama—Birmingham
—
r——
—
;
12.8
+ 24.6
—
Florida—Jacksonville-
122,123,847
—1
City
St. Louis
(6 cities)-—,
Augusta
7.7
—
—
148,209,572
32,217,423
-
Maryland—Baltimore
—
District of Columbia—Washington
Total
5,138,000
49,935,012
1,822,735
.
Carolina—Charleston
South
—16.1
515,000,000
274,232,934
120,691,717
Boston—
1,048,441
5,794,000
62,211,121
1,750,259
—
s
Georgia—Atlanta
232,716,205
*475,000,000
——-
——
Richmond
Nashville
5.6
+
$3,372,116,398
358,755,667
$3,560,830,518
$
543,178
716,289
+ 70.0
616,785
251,230,816
Virginia—Huntington
Virginia—Norfolk
%
1942
1943
.—
Philadelphia-™.
West
Tennessee—Knoxville—
5
Ending June
$
Sixth Federal Reserve District—Atlanta—
Clearings—Returns by Telegraph
1940
1941
Fifth Federal Reserve District—Richmond-
i
,
$
$
week in 1942. At this
Our comparative sum¬
$8,009,862,054, against $7,871,242,101 for the same
the week ended Friday of 5.6%.
stands at
Inc. or
Dec. %
1942
1943
'
Louisla na—Shre veport
2,586,272
Week Ended May 29
1942
1943
Clearings
$
$
at—
1940
1941
Inc. or
$
$
Dec. %
First Federal Reserve District—Boston-
Maine—Bangor
*
—
219,347,214
184,908,650
716,408
+ 13.3
654,778
504.199
—13.8
419,291
304,537
666,407
+ 109.6
621,035
510,902
3,622,865
2,722,147
33.1
2,981,696
2,974,530
2,414,097
2,037,344
+18.5
2.190,432
1,677,196
——
13,965,880
10,400,882
+ 34.3
11,736,793
———
5,881,402
4,587,648
+ 28.2
4.647,629
10,396,615
3,991,080
15,379,000
12,630,700
+ 21.8
13,238,100
10,627,400
———
Connecticut—Hartford—
Haven—.-
Island—Providence-
+
—
(12 cities)
509,867
373,007
+ 36.7
559,895
528.200
—
Hampshire—Manchester
Total
+ 30.0
422,611
——-
Worcester
New
241,463,691
364,507
Bedford——
Springfield
Rhode
1,839,237
+
1,397,134
Lowell
New
519,253
2,221,165
811,656
..
Fall River—
New
608,534
5.6
554,825
3,398,746
313,796,156
Portland
Massachusetts-—Boston.
1
Twelfth Federal Reserve District—San Francisco+ 10.6
613,629
3,588,318
—-
362,344,511
279,974,416
+29.4
259(226,562
218,781,799
,
35,194,869
Buffalo
,
+ 18.5
1,034,183
+ 34.0
38,700,000
+ 47.6
609,811
770.801
+ 61.2
3,098,704,594
6.536,444
5.034,062
3,575,625
6,810,305 '
6,554,026
31,600,000
458,573
:
966,448
2,953,507,114
+ 58.6
+ 40.8
4,802,577
4,192,525
+
3.9
—
5,155,325
San
Jose
Stockton—
Total
Grand
———.———
(10 cities)——
—
—
7,131,172
■■■v
4,663,567
Montreal——
Winnipeg——
u
i
—.
Vancouver
2.4
360.820
437,397
20,015,272
20,268,291
Halifax—
465,547
——
3,051,148,528
—
342,211
Edmonton
398,645
+ 35.4
489.420
422.921
+ 24.6
440,829
265,012
8.9
1,309,083
1,129,346
442,000,000
351,000,000
:
+ 25.2
489,000,000
1,122,828
+
11.6
1,330,534
1,231,158
Moose
1,838,405
+ 19.4
2,090,428
2,368.937
891.929
+ 55.6
1,002,170
897,692
York
1,969.119
1.364,413
+ 44.3
1,465,741
1,339,804
6,869,800
6,163,300
:
Scranton
New Jersey—Trenton^
+ 11.5
3,673,500
(10 Cities)
—.
628,356,089
502,848,177
+25.0
454,267,252
2,459,500
361,456,581
2,480,962
94,434,929
72,327,502
Cleveland
204,887,071
Columbus
Cincinnati
+ 21.7
2,749,378
1,895,595
30.6
66,273,011
53,625,809
+
146,093,445
+ 40.2
121,406,106
91,196,562
15,321,400
9,902,800
+ 54.7
9,403,300
9,643,300
Mansfield
1,985,568
1,934,717
+
2.6
2,095,808
Youngstown
3,717,072
3,380,396
.+ 10.0
3,355,688
1,235,857
2,232.060
242,386,564
166,971,183
+ 45.2
153,549,307
116,681,711
565,751,745
403,091,005
+40.4
358,832,598
276,510,894
Pennsylvania—Pittsburgh
Total
(7 cities)—
210,905,839
5,943,602,171
5,176,710,339
38.3
2,682,767,249
2,223,203,225
+
Ended
May
4,403 ,441
6,536 ,284
1940 *
$
■
ri¬
89,918,668
al,056,526
85,276,082
9.4
+
$
76,955,210
102,395,842
+31.3
37,002,442
> 53.2
43,059,114
60,779,995
17,952,207
+ 55.1
14,511,391
36,946,561
4,069,157
+ 221.6
27,700,741
15,023,891
20,751,250
4.438.262
4,359,452
+ 30.6
32.2
3,330,544
<
+ 14.7
5,422,637
443
+
5,698,430
,
2,805,687
3,131,590
2,414,534
6,526,347
4,706,004
+ 22.9
6,341,339
3,681,269
—12.3
1,952,857
1,750,046
,
1,773,882
+10.9
1,578,116
1,532,280
2,363,851
+ 27.8
2,117,516
2,074,331
4,977,668
+ 50.6
4,250,267
3,292,100
+
4,067,887
31.1
4.151.263
344,963
+ 23.3
353,807
677,465
+
8.5
430,507
374.287
1,350,659
+ 31.1
1,215,806
1,126,919
424
597,442
+ 34.0
540,698
399,599
994
926,471
+ 15.5
836,289
740,847
8.7
1,089,750
540.684
987,623
—23.1
756,963
645,587
241,317
+ 74.0
221.315
185,586
630,384
+ 46.0
516.512
467,272
779,521
+ 14.6
877,273
800
1,069
.068
332
Fort William
159 811
419 ,870
920 ,599
893 262
Westminster
Hat
Medicine
Sherbrooke
Prince Albert—
1,190 ,665
4,136, 272
504 ,733
1,048, 630
.
910,860
—
270.512
810,787
1,001,432
+ 18.9
1,023,190
921,011
3,630,315
+ 13.9
3,467,361
2,527,622
380,677
+ 32.6
315.939
302,182
Kingston
—
—
Chatham
——
—
Sudbury
(32 cities)
♦Estimated
1
—
901,918
+
16.3
773.417
679,244
145,
458
641,851
+ 16.1
598,253
542,399
638, 913
672 ,251
582,538
381,257
+ 76.3
385,811
275,328
1,102
Moncton
Total
-
.
4,390,504
Jaw
Sarnia
113,358,300
;
27
'1941
Inc. or
Dec. %
—
Saskatoon
New
1942
616
Windsor
Fourth Federal Reserve District—Cleveland—
3,019,141
227,443,438
+ 53.7
3,149,844
,003
Kitchener
Ohio—Canton
+47.2
873,444
135
1,770 .251
Peterborough
Total
300,323,370
6,099,601,192
3,000,896,598
'
435 ,684
Brantford
Wilkes-Barre
2,195,748
1.387,448
Reading
2,233,092
5,754,
:
Lethbridge—
612,000,000
1,252,933
Philadelphia
1,227,653
3,057,973
2,741,304
2,695,527
7.0
,
—
Brandon
+
868,259
+ 26.4
2,459 ,656
1.966 ,735
3,021 ,779
1.496 ,164
Regina
341,099
1,288,961
+ 54.4
—-r.—6,663,
+—
John
*425,000
1,403,317
—
2,148,953
830,656
5,312 ,826
—
Calgary——
539,790
Lancaster-
959.763
56,689 ,377
27,835 729
—118,790 ,456
London
438,597
2,157,857
+ 64.9
v-v:
Quebec:
22,165,733
312,934
123,068,954
—.—
Ottawa
19,195,886
Third Federal Reserve District—Philadelphia-
Chester—
2,748,598
118,306,919
124,040 921
134,436 ,287
Toronto
Victoria———
Bethlehem
1,981,065
49.5
+
$
St.
Pennsylvania—Altoona
+ 28.2
+
160,900,284
Week
+ 76.3
—28.7
+ 68.8
2,191,762
1943
Canada—
+ 68.7
3,369,726,742
15,869,391
6,475,651
1,282,380
3,866,750
—__——-
Total (111 cities)
292,193
+68.7
26,794,743
6,930,509
11,694,646
442,007,011
—;
—
Barbara
Santa
22,039,011
3,206,567,021
30,269,995
15,732,225
9,375,056,584
4,150,934,304
San Francisco-
17,467,674
5,409,265,530
39,577,807
2,808,715
240,625,587
3,558,571
—_
*————
Pasadena
Hamilton.
(12 cities).
+ 38.8
>
California—Long Beach
285,128
—
990,479
67,002,725
Utah—Salt Lake City
38,845,372
;—
Northern New Jersey
+ 46.1
-
762,690
3,260,834,922
8,510,386
+ 68.6'
>47.2
969,973
48,282,248
—_
—
Oregon—Portland
29.459,173
Jersey—Montclair——
Newark-
991,772
698,889
5,224.122,280
10,365,106
—
Syracuse
.
Connecticut—Stamford-
—
7,049,885
1,062,042
7,390,651
1,242,378
—.
Rochester
Total
%
42,300,000
1.175,630
Jamestown™^
New York
New
"
+ 430.4
56,700,000
—
—
—
Elmira
6,635,992
1,031,227
Blnghamton
Yakima
33,490,660
59,587,575
1,417,519
87,719,512
Washington—Seattle
Outside New York
Second Federal Reserve District—New YorkNew York—Albany-
(6 cities)-
Total
769
1,269,397
—13.1
1,311,973
1,271,293
524,084^,371
358,723,802
+46.1
310,122,617
305,828,392
+
9.7
454,200
502,458
■A
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4183
.Volume 157
General
RAILROAD
Corporation and Investment
PUBLIC UTILITY
-
Abbott Laboratories—Extra Dividend of 10 Cents—
The directors have declared an extra dividend
in addition to the usual quarterly dividend of 40
common,
both
stock,
Like
amounts
each
were
June
payable
disbursed
were
holders—
r;".--'-.;'/-1.'>'.-y^■!
Distribution of $9,170,730
June
on
Ontario, it
30,
St., ■ New York, N. Y.—V. 157,; p. 5.
This
American
All
be
.v-rTv.!;-'
in Canadian funds to bondholders will be
to an order of the Supreme Court of
by the bondholders'
May 28
on
the
third
distribution
to
be
protective
made
The June
30
rate of $190, Canadian funds,
$1,000 original principal ainount of first mortgage 5% bonds
held.
The second distribution, made April 15, 1942, aggregated $4,826,700, equivalent to $100 per $1,000 bond and the first distribution,
made Oct.
15, 1941, - aggregated $6,274,710, equivalent to $130 per
$1,000 bond.
•
:
Y.y
payment will be at the
88%
of
in
order
participate
in
the
cents
;
American Cyanamid Co.
cents
Provision
the common stock, payable June 29 to holders of record
This compares with 30 cents paid on Dec. 22, last, and
15 cents
June 26,
on
for
~.;S
1942.^-V. 157, p. 1520.
Net
foreign taxes
P
$1,790,049
—
preference
on
stock
i
1943
.
railway-—
Net from railway
,
Net
ry.
income—.
oper
194328—
From January l—
-
Gross
J
from railway
Y
Int.
Divs.
3,823,473
$1,438,236
138,336
$1,299,900
-:
574,519
710,935
250,000
$673,235
deducts...
P.
$316,876
189,082
$4,599,586
2,268,986
,
$127,794
$2,330,600
The
the
$957,584
vertible non-cumulative preferred stock into common stock.
Present business of company is conducted by its two major
and
Electric
Co..
Electric Bond and Share owns 17.51 %
ities
of
should
be
authorized
,
to
YY:
do
business
;
y
Capitalization
as
in
the
District
of
Columbia
v:.'-'■ Y Vy•-'■V y Y;Y :-r.; .V:';.
at Dec. 31, 1942
/ y-y,'.
fifteen
absence
an
and
Gas
directors
of
Less Returned
Year—
with
Premiums
,
—
'""'.'o
...
157, p. 1235.
—
Ceded
Written
$363,419
375,801
537,239
869,572
739,272
$3,525,764
4,102,425
4,564,073
4,590,944
5,414,074
6,153,346
...
:
percentage of women
y„. y'. 1 y.':
in
the
•
total
labor
y.'.
"Despite
y
;
.y■ y:
prevailing uncertainties,
the
;
the
:
faces
management
the
future determined to meet its responsibilities—to our nation at war, to,
the millions of consumers of our products, to our thousands of em-,
classified
has
and
two
one
on
of the outstanding voting secur¬
representatives
its
executive
on
the
committee
Other income
Total
$7,819,487
405,937
2,349,109
Cr234,911
287,788
3,585,205
2,738,42rr
excess
income
Net
*366,644
673,785
1245,072
$4,364,560
$5.02 ;Yy;!i $5.35
$4,286,246
—
JEarnings per share_.
—
representing over accrual of manufacturer's excisev
charged to earnings in prior years, reversed and restored
income in
1941.
-(Represents provision for Federal excess;
'Includes $151,705
tax liability,
to
War Effort Now and Post-War Problems Later—
other
profits tax charged to earnings in 1940, not required due to retroactive;
change in the Internal Revenue Code, and applied to reduce the pro¬
visions required for Federal income and excess profits taxes due on
1941 earnings.
$On average number of shares outstanding. '.YyJy
of drugs, foods and household prod¬
companies in the last year in a long-range expan¬
manufacturer
seven
$10,391,586
profits tax,.
profits tax refund
Provision for Federal income and foreign income
and excess profits iaxes--:.iyyyyx-.-!^---—
Excess accrual of 1940 Federal excess profits tax
Post-war
Corp.—Acquisitions During
1942r—Expansion and Diversification of Activities to Aid
sion
program with the dual aim of increasing its aid to the nation at
and of preparing for the peace to come, Alvin G. Brush, Chairman,
reveals in the corporation's year book for 1942. YyY.,Y;, Y.y;
4-
—.—
—
Other! deductions
American Home Products
ucts, acquired
income
$7,452,842
Provision for Federal excess
application for an order declaring it was not
/
$10,131,821
259,766
Operating profit
.
five
subsidiary of Electric Bond and Share. The Commission held, how¬
that the management or policies of American Gas were subject
a
controlling influence by Electric Bond and Share and denied
the application.
The Court of Appeals for the District of Columbia
upheld the ruling.—V. 157, p. 1803.
corporation,
1
35,007,602
337,471
—.
:
to
s
3,231,004
3,836,662
V ■
ministrative expenses
;—;
49,270,673
Depreciation393,984:
allowances, etc., and delivery
;—
Cost of goods sold, advertising, selling and ad-
latter's
of
1941
1942
$63,633,139 $46,028.918'
sales
Gross
Returns,
ever,
war
As
result
a
tion's
war
of
role
these
is
acquisitions, Mr. Brush said, the corpora¬
showing a constant growth, and will increase still
new
further
when additional plant facilities, now under construction, are
completed.
A parallel expansion is under way in Latin America and in Canada
as part of the corporation's post-war planning policy.
- y Y y ,! „J
v
The new acquisitions are listed as follows:
! '! ! !'
■
Harmon Color Works, Inc., manufacturer of organic pigments: Reichel
Laboratories, Inc., producer of biological products; Ayerst, McKenna &
Harrison, Ltd., of Montreal, leading Canadian manufacturer of pharma¬
ceutical and biological products; J. B. Shohan & Co., manufacturer of
organic chemicals; Waxolite Products, Inc., manufacturer of synthetic
waxes, and Dexta Co., Inc., maker of a powder cleaner for aluminum
ware.
y
Y.yyyYY
J : YY:''Y";: ■' !!"■■ Yv !-Y'-': !'■!■'
!:;Y
v^'
In addition, American Home Products acquired the outstanding 50%
interest in Samoline Corp., manufacturer of a household paint cleaner.
In recognition of the corporation's war role, two subsidiaries—John
Wyeth & Brother, Inc., of Philadelphia, and The Anacin Manufacturing
Co. of Knoxville, Tenn.—have - received the Army-Navy "E" award.
"Products being turned out on Government orders to meet the needs
of our fighting men mirror the diversified nature of the activities of
American
Home
Products
and
its
subsidiaries," Mr.' Brush stated,
"They range from such vital medical supplies as dried blood plasma
pharmaceutical and biological products to vitamins, waxes and
.oils.
At the same time the corporation is maintaining a Steady supply
of its products to regular civilian channels to meet the essential needs
and
of
the
home
y.v;.Y;v.; !■';■ yy .:Y...Y";
!;'
,
acquired it
converted 100% to
war. work, and its facilities greatly
expanded.
It is producing large
quantities of dried blood plasma and typhus vaccines for the armed
forces, and production facilities are now being increased again.
"Harmon Color Works also is being geared into our corporation's
war
effort while continuing to meet all demands for its pigments.
Part of Harmon's plant has been converted
to the manufacture of
quinacrine hydrochloride, the synthetic chemical for the anti-malaria
factor of quinine, and this will supplement the tableting of quinine
dosage forms at the Anacin plant in Knoxville.
More new plant
facilities are being rushed at Harmon for the production of sulfa drugs,
was
was
Consolidated Balance
Sheet Dec. 31
Assets-
Cash
U.
S.
foreign tax notes
and
accounts
receivable
inventories
Other current assets
Investments
28,024
*
(net^
trademarks, formulae,
Goodwill,
'
3.1,0711
$32,273,819 $25,382,070
Liabilities—
YY- \
Y'Y.Y
>■;
payable (banks)——
Accounts payable and accrued expenses—;
Accrued Federal and foreign income and excess
(current)——-
profits taxes
-j
due cur-
yy
170,474
•
,00
—.72,751
debt
—
5,134,125
4,944,625
—.—.—
300,212
(contingent).,.—1,827,741
Reserves for other contingencies
————
262,768
Capital stock (par $1)~
—.
.^879,549
Earned surplus
—:—.——v
—r—
11,618,813
.285,815
for foreign losses
Capital surplus
Shares
Total
-V.
in
„oc
188,625
$0,843:
189,500
Accrued foreign income taxes-—
Reserve
lc?
3,26-.,484
liabilities—94,461
income
Long-term
•:
Hon ao?
4,029,033
175,812
Sinking fund and mortgage payments
rentlv
Y— ———'—current
yyy'y■'
———5,789,4533,208,973
Dividend payable
Other
------
53,193
assets—
^
235,714
' 250,401
profits tax refund
Total
Notes
4,653,663
^
344,601
Miscellaneous other
•
(
5,678,582
patent rights,
Deferred expenses
Other assets:
Post-war excess
•
(net)™—6,415,809
16,205,842
198,843
assets
Fixed
^
34,228
300,600
4,551,037
12,687,734
181,679
37,620
183,820
*——
and
Notes
Merchandise
'1941
$2,598,807
' $2,877,081
Marketable, securities
.
1942
'
in banks
hand and
on
Deferred
front.
"After Reichel Laboratories
Premiums
$3,889,183
4,478,225
5,101,312
5,460,516
higher
a
get
we
at this time.
a
Net
Premiums
—
.........
1940.
—V.
Reinsurance
Y
...
shortages of materials and supplies.
Regarding man-power, h«
approximately two-thirds of the employees are women andi
"As
v
V
control.
American Gas filed an
.
Gross Premiums
individual
100 to 200 shares.
No one
the outstanding capitalization.
from
of
that
.
.
3%
as
deeper into the war," Mr. Brush continued, "further
restrictions and regulations will undoubtedly be imposed on all busi-«
nesses.
It is difficult to gauge the probable effects of such action'
if more than 10% of a company's outstanding
voting securities are held by a holding company the former is a
subsidiary of the latter unless the Commission, upon application, finds
v
:r".;
"V1
Authorized
Outstanding
Capital stock (par $5)-i........
200,000 shs.
150,000 shs.
On Feb. 2, 1943, the stockholders, at their regular annual meeting,
unanimously voted to - increase the authorized capital stock from
200,000 shares (par $5) to 400,000 shares (par $5); therefore, after
giving effect to this offeriing and assuming that the 50,000 shares
offered hereby are all sold, the capitalization of the company con¬
sists Of 400,000 shares authorized and 200,000 shares outstanding.
The purpose of this financing is to increase the capital and sur¬
plus of the company to enable it to retain & larger portion of its
standard limit business without resorting to reinsurance.
The net
proceeds to be received by the company from the sale of the stock
offered hereby Will be used for the purchase of securities which arequalified as legal investment for insurance companies organized under
the laws of the Commonwealth of Pennsylvania.
Volume of business done by company for calendar years:
'■
•
1,382 owned
much
maintained
The Act provides that
and
■
provided for those who go to war include
;
force.
y-'V
members, attorneys said.
The
recently offered 50,000 shares of capital stock (par
$5) at $10 per share to stockholders of record April 15 in the ratio
of one new share for each three shares held.
Subscription rights
expired May 15.
Company, incorporated in 1902, is Pennsylvania's oldest multiple
line
casualty company.
It conducts a general casualty insurance
insurance business, including accident and health, automobile public
liability, automobile property damage and collision, workmen's com¬
pensation, burglary, plate glass and practically all forms of public
liability and property damage insurance and, in addition, issues
Fidelity and surety bonds.
It transacts its business through four
branch and ten service offices which serve approximately 3,500 agents.
American
board of
divisions,
company
Y "V
Gas
and
as
stated
Court
decision that
Benefits
that the management Is confident the efficiency of operations can be
apply separately to its, own system," but if it is a subsidiary,
added, the fate of American Gas "would be subject to such
action as the Commission might deem necessary to limit the opera¬
tions of. the Bond and Share holding company system." yYyYYY
Both
companies are registered public utility holding companies.
American Casualty Co. of Reading, Pa.—Stock Offered
is
American
a
stated.
seniority status.
in the
above does not include the equity in
associated companies (50%
owned
Supreme Court, refused June 1 to review
war on
connection with the
The war, Mr. Brush said, has created numerous problems for AmerJ
ican Home Products as it has for all American business, particularly'
*
S. Supreme
S
of
shares,
they
supplied by amendment.
The preferred stock will be initially offered by the company for sale
at $25 a share to holders of company's common stock on the basis of
one share of preferred stock for each full 10 shares of common.
The
period within which holders of common stock may exercise their rights
to subscribe to shares of preferred stock will expire 10 days after the
initial date of offering.. Thereafter any remaining shares of preferred
stock will be offered to the general public at $25 a share, or the com¬
pany may offer any remaining shares to underwriters for sale to the
public at $25 a share.
Proceeds will be applied to finance the company's operations under
its contracts with the U. S. Government and to discharge certain of its
outstanding obligations.—V. 157, p. 2006.
*
States.
S.
accom-,
Number of stockholders at the end of 1942 was 9,893, an average or
shares per stockholder.
Of these, 7,733 owned from one to 108
owns
"will
with SEC—'
Air Transport Division and the Manufacturing Division.
•, YYyYYyYy
If any offering is made through underwriters their names will be
32
U.
Notable
well.
^
The company on May 28 filed a registration statement (2-5147) with,
the SEC covering 26,218 shares of convertible non-cumulative preferred
Stock (par $25), and an indeterminate number of shares of common
stock (par $1), to be reserved for issuance upon the conversion of con¬
It
of
as
■
1645.
All American Aviation, Inc.—Registers
The
as
income
"
science
conducting important experiments'
are
by the SEC
as
a subsidiary of Electric Bond
ployees, and to our stockholders.
Our basic policy of expanding and,
and Share Co. in administering the
Public Utility Holding Company Act.
diversifying our activities will be continued to further increase the;
/
\
!:
'
s
Counsel for American, Gas said the question was important in view
corporation's strength and stability so that; when victory comes, Amer-,
of the so-called death-sentence provision of the Act requiring "each
'ican Home Products Corp. will be better prepared for the new obliga¬
tions that transition to a post-war economy will impose on all Amer-i
registered holding company and each subsidiary company thereof" to
take
whatever action the Commission finds necessary to limit the y ican business."
y. ,:,y! y;::y vy;y
-.y.y>:'.y.,;..vy
<■';
operations "to a single integrated public utility system."
;
y
Consolidated Income Account for Calendar Years
Y
If American Gas is not a subsidiary, the attorneys said, this provision
$3,275,480
2,317,896
y
net
we
89.08
,
American Gas & Electric! Co.—U.
Refuses to Review. SEC Decision—
$9,552,803
Y 6,277,323
$197,363
stock...
Balance Y
6,320,175
746,343
$386,445
189,082
.
pfd.
339,521
$1,063,219 $10,919,761
286,790
The net income
undistributed
less),
1942.
(2) ,No provision has been made for the effect, if any, of renegotia¬
of Government contracts and subcontracts under the applicable
Federal statute.—V. 157, p. 1521.
2,830,924
1,116,161
2,034,986
shares in
common
in
Brush
tion
Y
tion
10,576,070
-2,907,095
2,714,584
1,031,465
taxes
income
Mos!—1942
8,858,088
3,062,400
335,127
prof, taxes.
income
*~V.. 157,
1943—12
$0.49
JOn the combined 2,639,026 shares of Class A and
in 1943, and on 2,618,364 shares of combined
Class" B
medical
to
field
payment of a severance bonus plus earned vacation pay,; hospitalization'
benefits for their dependents at the corporation's expense, and preserva¬
2,618,364
stocks
common
Class A and
$2,359,281 $28,621,284 $27,322,575
265,600
924,554
Income
on
tion and depletion.
Class B
439,925
the
:
expenses
other
7. f Net
$2,437,909
taxes
excess
&
2,427,107
655,828
.
J.
but
the latter
.
250,000
•After retroactive adjustments for tax provisions as reflected in the
audited statement for the year.
tAfter deduction of plant, selling and
administrative expenses, but before deduction of depreciation, amortza-
or
depreciation.
for
Gross
651,942
1943—Month—1942
revenue
Operating
Fed.
634,841
„
fEarnings per share
203,712
131:254
Co.—Earnings—
Period End. April 30-
Federal
3,156,884
1,077,966
<
176,423
Notes—(1)
Alabama Power
Prov.
5,140,878
2,209,530
.
Net ry. oper. income.'.^
—V. 157, p. 2006.
General
$643,714
$7,327,438
3,603,383
874,805
Net from railway——
Gross
1940
$860,075
319,037
1942
In
growth of malignant tumors, and oi\
penicillin, a powerful germ-killing substance.
In addition each year
we make grants for
research projects in universities, medical schools
and hospital clinics."
:• .' t
y-y*,
A basic part of the corporation's industrial relations program, Mr#- ■
Brush revealed, is a group benefit plan which provides employees with
"group life insurance, weekly sickness and accident benefits, surgical'
and hospitalization coverage, and retirement annuity.
More than 20% of the corporation's male employees are in service,
215,927
161,673
•
business
our
biotin
on
'Mr.
1941
$1,559,257
755,836
177,590
.-V.-'-
■
$1,882,433
1,012,247
201,432
to
plishments have been made in the field of nutrition and in the
879,756
:
$1,628,376
2,639,026
$0.62
Net income applicable to common stock
Common shares outstanding (held by public)
v
April—
Petrogalar Laboratories, International Vitamin Corp.,
Kolynos Co., S, M. A. Corp., General Biochemicals, and the cos¬
units." y-Yy
'•
only
5,500
Alabama Great Southern RR.—EarningsGross from
•"
aiding the
are
The tone for the year book is set at the start in a personal message
to stockholders.
Emphasizing the corporation's social
responsibilities, he listed four principal obligations as follows: helping
to win the war; planning to insure a stronger, more effective business
in the post-war world; keeping in; the forefront of scientific and techno¬
logical developments, and making the business a source of human satis^
faction to all who work in it and. for it.
11
"American Home Products maintains 15 laboratories," Mr. Brusht
disclosed, "and from them have come developments of significance not,
$8,009,311
1,401,919
987,608
:193,612
250,000
5,245,846
income.
on
income
Dividends
1,431,437
{
contingencies.
Prov. for Federal and
which
subsidiaries
from Mr. Brush
$7,750,957
184,089
.68,765
6,367
Research and process development expenses
Interest charges on funded and other debt
per share on
15.
! $9,579,875
;
177,920
s
134,390
depfetion;
1\
•.
Products
.
—i
$9,898,552
and
^
v'-. ■.;
Home
are
metics
disease.
amortization
war
the
American
effort
The
*1942
1943
our
\
"Other
war.
v
Products
to
came
rations.
the record
'
.
Depreciation,
June
yY.Y:- Yy
•
Dividends, interest and discounts
Royalties, licenses and service charges™
Other earnings (net)—
'
The board of management on June 1 declared a dividend of 15
;
(& Subs.)- -Earnings— yyY^'y;
3 Mos. End. March 31—"
distribution.. Transfer books will be
until the opening of business
was the medium for an entirely different con¬
effort.
Out of this company's synthetic wax
development of a waterproofing compound called
impervium.
Containers impregnated with impervium and packed with
live ammunition passed "such rigid Army tests as being thrown into the
sea
and allowed to wash ashore, kept under showers all night, and
soaked in water-filled drums for 48 hours.
As a result, imperviumcoated corrugated paper containers are being used instead of vitallyneeded metal ones for both ammunition and Army and Navy food
"Waxolite
tribution
process
share, payable July 15 to holders of record July 6.
A
was
made on April 15, last.
Distributions of 35
made on May 21 and Oct. 1, 1942.—V. 157, p. 1045.
V
per
were
tNet operating
Adams Express Co.—To Pay 15-Cent Dividend—
,
in certain branches of the armed forces.
V;
Pay 25-Cent Common Dividend—
convertible
distribution
cents each
from the close of business June 9
July 2.—V. 157, p. 1937.
cumulative
company also on May 28 announced the declaration of a divi¬
the common stock, par $1, for the quarter ending May 31
similar
Payments to which the depositing bondholders are entitled
by Montreal Trust Co.
to
4%
of 25
the
among the registered holders of record On June 30.
The holders of
certificates / of deposit registered in names other than their own are
being advised to haVe their certificates transferred into their own names
closed
y;
on
Will be disbursed under the committee's direction
On
'!Yy.
the
The
outstanding bonds are on deposit with the
bondholders' protective committee, of which H. J. Symington, K. C., is
Chairman.
the
dend
.
.
than
More
y
Corp.—To Redeem
able July 15, if they remain common stockholders on July 6,
date fixed by the directors.
yyYY.'
../■■'.'/■v.''.'': '..?';
for each
■
.
time up to and including June 16, 1943, when all conversion rights
preierred stock expire.
All preferred stockholders who exercise
their, privilege of so converting their preferred stock into common stock
of the corporation will receive the dividend of 25 cents per share
pay¬
of
bring total payments on account of principal of the
bonds to $20,272,140, Canadian funds.
V
•
-<l c T
any
bond¬
to
Y ./Y'
.
Central Manufacturing
preferred stock of $50 par value
has been called for redemption on July 1 at $51 per share, plus the
accrued quarterly dividend of 50 cents per share payable on that date.
The preferred stock is convertible into common stock at the rate of
six 'and two-thirds shares of common for each share of preferred at
will
will
■;;
way
157,
pursuant
announced
was
committee.
holders and
products are being turned out for the Chemical Warfare Service.
was abie to aid thb war effort in still another and unique
in the field of camouflage.
Working with Army authorities,'
Harmon research experts, worked out methods which measure what
various pigments, paints and coatings will do under the new photo¬
graphic techniques, particularly the all-seeing eye of the infra-red
sensitive film, i Many of these methods and results are already in use
"Harmon
Preferred Stock—To
made
MISCELLANEOUS
-
and
corporation has called for, redemption on Aug. 1, 1943, $173,000
of its 15-yeai' 4 %>% debenture bonds, due Aug. 1, 1951, at 101 and
int.
Payment will be made at the Bankers Trust Co., trustee, 16 Wall
Abitibi Power & Paper Co., LtdL- -Distribution to Bond'.
INSURANCE
-
The
cents per share on the
also paid on March 31, June 30 and Dec. 24, 1942.—V.
• v 'Yy.Y;.
■'"y Y.
V/ ' yyY,yYY-Y yyY,.', "Y'V
p, |1803,Y
INDUSTRIAL
Allied Stores Corp.—Bonds Called—
10 cents per share
to holders of record June 8.
31, last.
Extras of 10 cents
26
March
on
of
2141
—
treasury
;
157, p. 1737,
—
—:
-
-———.
1,228,847
———
Drl07,396
f
1,431,586
416,426
$52,857
9'$$$>242
715,057*
Drl41,405
$32,273,819 $25,382,070
American Insulator Corp., New
directors
The
Freedom, Pa.—Div.—
payable June 30 to holders of record
""June 18.
A similar distribution was made on March 30, last, and in
each quarter in 1942.—V. 157, p. 1142.
$1
the
cm
s,
stock,
common
par
basis
American Locomotive Co.—Accumulated
accumulations
of
March
23,
31,
1943
861.
1522,
Co.—50-Cent Common Div.
American Manufacturing
directors
The
the
a
usual
the
dividend of 50 cents per share on
quarterly dividend of $1.25 per
both payable July 1 to holders of record
paid on April 1, last. Payments on the
as follows:
April 1, July 1 and Oct, 1,
each; and Dep. 31, $1.50—V. 157, p. 986.
amounts
Like
in
stock
common
cents
50
and
were
1942
of
stock,
cents
25
Inc.—25-Cent Distribution—
per
share has been declared on the capital
payable June 15 to holders of record May 28.
made on March 15, last.
Distributions in 1942
16 and June 15, 50 cents each, and Sept. 15
15, 25 cents each.—V. 157, p. 861.
value,
par
no
and
March
follows:
as
were
Dec.
Light Co.—Capital Structures of
Electric Power and Light Called "Mess
Power
and
American
&
Any Viewpoint"—Their
From
Terming
structures
capital
the
from
Prof,
Other
credits-
system.
Share
income
; •
■
of
voice
and
Bond
with
Share
338,621
for
income
Refund
1,500,000
4,765,704
.
with little or no investment."
Commission argued, was inescapable
realize huge profits
Net
the
invested, and controlled ten
"Here
in
the
on
Divs.
on
Surplus
"After
11,228,475
2,024,731
2,024,652
„
2,868,689
stock
of
■.
for
■
2,869,560
of
of
shares
Consolidated
briefly, these structures are a mess from any
.
which it acted under the Act.
1,800,000
the SEC stated.
"What will be destroyed is the useless, can¬
cerous growth which exists in the Bond and Share system
by reason
of the legal mechanisms called American Power and Light Corp. and
Electric Power and Light Corp."
1 :, ■
States
United
-
American Power & Light Co. and the Electric Power
& Light Corp. argued June 1 that the Securities and Exchange Com¬
mission should not have ordered the dissolution of the two holding
companies because some other remedy could be found which would
retain for the companies the rights which they have under the Holding
Companies Act.
+
As a hearing opened before a three-judge tribunal in the U. S.
Circuit Court of Appeals at Boston, on the SEC's order for dissolution
of
the
twp
sub-holding companies, attorneys for both petitioners
asserted that a revamping of the! structure of Bond and Share, of
which both companies are a part, would have accomplished the same
results as the order for dissolution.
Presiding at the hearing were
Chief
Justice Calvert Magruder
of Massachusetts, Judge John C.
Mahoney of Rhode Island and Judge Patter Woodbury of New Hamp¬
tax
Treasury
Trade
(less
reserves)
;
American Republics Corp.—10-Cent Distribution—
—
Total
Interest
plant, and
patents
tProperty,
Deferred
charges
...
(less res. for cond.).
3,669,263
deductions
available
for
Assets—
payable (foreign opers.)
taxes
salaries
wages,
11,650
17,831
$221,152
Other
interest,
operating
reserves..
506,183
Common
358,842
364,803
.—
—:
2,500.000
—■
pref.
—
44,993,000
(paid-in)——
surplus
Earned surplus
Capital
*
"Less reserves for
.
Other
Week End.
1943
8
77,204,000
15.
78,948,000
22—
80,022,000
157, p. 2006.
29
—V.
78,980,000
,„
51,331,000
■
credits
:
—
52,597,000
49,369,000
dividend
of
Anchor Hocking Glass
payable June 28 to holders of record June 15.
This compares
with 25 cents paid on Dec. 28, last, and 10 cents on June 30, 1942.—
stock,
V.
156, p.
2093.'
',
,
1
,
American Rolling: Mill Co.—Annual Report—
largest tax bill in Armco's history, higher labor costs and a
of $2,500,000 to the government as the result of renegotiation
contracts, accounted for the decline in earnings to $7,780,988 or
The
for 1942 and from the $11,228,475 net income,
equal to $3.21 per common share, reported for the year 1941.
The company and most of its subsidiaries enjoyed a record yolume
of business for the year 1942, with net sales reaching a new high of
$180,978,867, compared with $169,178,239 in the preceding year.
Charles R. Hook, President, reported that most of the major con¬
struction work started by Armco during 1940 was completed last year,
and is presently producing vital war steels.
Discussing the outlook, Mr. Hook stated that if the war continues
on its present intensive scale during
1943, indications are that Armco
will continue at a high rate of operations,
"If it is our good fortune to have this trafic conflict terminated
during 1943," Hook stated, "Armco and its subsidiaries can convert
to peacetime production promptly and be ready to serve the civilian
$2.01 per common share
International Corp., export division of Armco, has entered
contract to construct and manage a fully integrated steel plant
Armco
a
being built at Monclova, Coahuila, Mexico, by
A., the report disclosed.
This plant is
S.
Altos Hornos de Mexico,
being constructed with
capital and no Armco money is involved in the project.
During 1942, the parent company reduced its own funded debt by
$5,500,000, to $15,500,000.
The
Sheffield
Steel
Corp. of Texas, wholly-owned subsidiary,
in
continuance of the construction program of its plant, borrowed $7,-
payable
distribution
of
70
cents
The
was
July
made
15
record
holders of
to
April
15,
last,
and
also
declared
usual
the
the $5 dividend preferred stock, payable July
of record June 16.—V. 157, p. 1645.
per share on
of
$1.25
1 to holders
William
of
this
A.
Weaver,
company,
President—
has been elected President
adhesives, succeeding the late
Treasurer since 1938,
of
manufacturers
Mr.
Weaver
Federal
was
Electric
formerly
and
Home
Treasurer and operating officer of
Farm
Authority, from which office
the
Operating
Federal
Other
financing
its
with
arrangement
the
Reconstruction
and
700,000
under
Finance
$365,426
next
In
twelve
properties
to
during
new
plant
1942
construction,
which
acquired new coal
bolsters the company's
Armco
importantly
$339,732
$275,219
55,094
8,267
118,972
87,749
29,063
"3,769
*42,710
72,206
97,000
95,000
Other
oper.
railway.!..
2,557,549
1,623,881
1,408,802
1,189,521
934,852
290,044
237,568
108,960
income—_
365,992
49,925
13,460
*87,068
157,
1737,
p.
Atlanta & West Point RR.—Earningsfrom
Gross
Net
from
ry.
railway—
income—
oper.
From January 1—
from
1942
Gross income
Inter.,
etc.,
Net
Dividends
*—
1,034
r
5,526,271
1,238,426
855,919
1,397,000
$13,595,944
5,907,319
1,511,711
908,688
1,292,000
$2,959,438
141,047
$3,976,226
10,604
$265,232
$222,511
$3,100,485
—V.
157, p, 1645.
51,373
16,696
47,692
15,510
*8,501
1,063,043
748,552
623,220
348,999
200,652
113,455
60,391
85,893
*10,504
■
.
Atlantic Coast Line RR.—Annual
Statistics for
Traffic
1942
Revenue
Tons
carried.
tons
carried
Passengers one mile—
-
Report—
Calendar Years
1941
34,311,333
\
Increase
24,949,147
% Inc.
9,362,186 *
37.53
freight 1 mi. 7,282,991,170 4,351,181,955 2,931,809,215
rev,
Rev. passengers
;
5,782,730
1,416,841,214
2,816,574
693,262,065
67.38
2,966,156
105.31
723,589,149
104.38
tax accruals for 1942 aggregated $27,900,000 as compared
$7,650,000 for 1941.
Railway tax accruals for 1942 and 1941
as follows:
■ /;
,
'•
Railway
with
compare
,
.
1942
railroad retirement
tax—
railroad
unemployment insurance tax—
prof, taxes & State inc. taxes
franchise taxes..—
Property and
All
other
Total
taxes..—
——
Condensed
Income
Statement
for
$867,384
867^477
3,074^008
1,115,232
■
22,133,803
2,859,677
674,256
$27,900,000
....
——
1941
$1,117,029
-
Calendar
.
2,660 156
18o',972
$7,650,000
1
Years
1941
1940
$115,108,820 $67,404,253 $50,087,984
62,947,631
46,859,449
39,567,509
——
Net operating revenues—
Railway tax accruals—:
Total
$52,161,189 $20,544,803 $10,520,475
27,900,000
7,650,000
4,550,000
—
operating income—
$24,261,189 $12,894,803
(Dr)
...)
J
1,983,484
rents (net) (Cr)——j
3,065,G22(
169,634
$5,970,475
$21,195,567 $11,080,953
$3,757,234
Equipment rents (net)
Net
162,769
1,863,953
1,973,559
$122,371
$59,742
$1,236,532
$2,013,271
railway operating income
income
.
8,369,955
2,254,146
40,904
7,380,388
5,215,041
$29,565,522 $18,461,341
$8,972,275
$3,986,830
142,861
Total income
Miscell.
applic. to pfd. stocks for the period
Balance
$152,377
126,911
railway..—
...
Other
deductions-
income
$221,477
910
net.
income,
1940
$196,119
,
1,695,880
Net from railway
780,463
Net ry. oper. income—
167,226
"Deficit.—V. 157, p. 1737.
t
1941
$306,480
1943
$429,686
199,275
42,749
railway.—
Joint facility
$264,322
revenues
*
.
railway-
Operating revenues
Operating expenses
947,986
949,265
$288,546
$1,064,006
months.
addition
1940
$432,762
264,006
...
1943—12 Mos.—1942
$904,044 $11,977,054
371,271
145,533
70,763
111,591
taxes
Corporation bringing the year-end balance to $11,410,000
made the total consolidated funded debt of Armco $26,910,000 at the
end of 1942.
Of this, approximately $2,082,000 matures within the
1941
$663,424
railway..—
oper.
he
Co.—Earnings—
1943—Month—1942
Crl79,693
expenses
taxes
Prop, retir. res. approp.'
Net
Date
1942
Arkansas Power & Light
3,152,042
$9,272,434
1942
resigned in 1938.
Period End. April 30—
29,145
2,818,361
Fed. inc. & excess
Henry Kohler.
479
1,914,708
29,869
$9,878,574
Federal
Mexican
v
41Q
Federal
Arabol Manufacturing Co., N. Y.—New
27,320
2,041,680
——
April—
on
1942, a year-end dividend
quarterly dividend
29,089
—_I—.
—
"Deficit.—V.
15 cents per share on the
on
share was paid.
per
directors
Operating revenues
market."
into
value,
par
no
similar
A
April 30 and July 31, 1942, while on Dec. 31,
,
refund
of
stock,
30.
June
75
241,784
1943
from
Net ry.
Corp.—15-Cent Common Div.—
directors have declared a dividend of
The
common
11,027
26
,*■
—
declared on the common
cents per share has been
10
44,402
715,441
13,074
529,818
———
railway
Net from
39,154,006
43,150,000
44,616,000
42,790,000
621
10,800
/
42,787
...
liabilities———.
liabilities
from
Gross
the
51,895,000
4,200
—
Net
1939
1940
1941
62,196,000
62,098,000
61,948,000
59,994,000
,
'
5,180,300
621
576,819
payable—
liability
from
Gross
Net
Gross
72,053,000
70,495,000
71,055,000
70,068,000
$4,248,414
5,180,300
:
payable
wages
interest' accrued—————
tax
Net
1942
...
May
May
and
ry. oper. income.._
From January 1—
for
$4,248,414
Earnings for April and Year to
13,423,655
energy
$9,272,434
construction-^—_r—-
April—:.
200,155,212 189,111,467
electric
$.9,878,574
:
150,000( shares)—
$100)—i————_
(par
accounts
current
Total
responding
of
98,592
106,790
Additions to property through income & surplus
Profit and loss balance (Dr>—
_r
electric energy of the electric properties of this com¬
pany for the week ended May 29,
1943, totaled 80,022,000 kwh., an
increase of 14.21% over the output of 70,068,200 kwh. for the cor¬
output
1,402
993
93,546
201,030
1.—^
—
of
accounts
Unadjusted
of
week of 1942.
Comparative table of weekly
last five years follows:
342,808
383,422
bills payable——.and car-service balances (Cr)__——j
Deferred
reserves
'.
66,635
190,153
■
American Water Works and Electric Co., Inc.—Output
Output
110.418
and
Accrued
impairment of investments of $606,227 in 1942 and
fLess
1941.
aid
Unmatured
for depreciation and depletion of
$57,184,181 in 1942 and $51,541,421 in 1941.—V. 157, p. 1803.
\
in
$918,511
696,295
428,299
97,945
(no par,
stock
in
Miscellaneous
4,795,002
16,425,647
—
—
•
$7,237,773
108,581
——
Traffic
71,739,009
4,795,002
($25 par)!—————
stock
Loans
44,993,000
71,739,009
—
1941
••
470,490
—
88,117
104,427
par)
($100
*
692,987
assets—————
■
assets
Preferred
560,332
——
stock
1942
$6,994,340
supplies
current
Grants
1,000,000
784,147
:————
reserves
credits
1,049,591
——
contingencies
cumul.
506,183
23,300,000
1,266,423
—■
—
reserves
for
1,500,000
24,827,954
—
Current
3,180,305
iV
i,
•
and
Audited
1,188,936
2,474,575
2,082,046
—
etc.——
Dec. 31
-1. •'
Liabilities—•
786,900
12,840,595
1,326,045
Sheet,
V"
•
Deferred
2,500,000
portion of funded debt-——,—.
payable on pref. capital stock—
—
debt
(less current portions)
Reserve
; $238,983
$317,978
-Unadjusted -debits-
6,937,310
13,457,633
Current
Divs.
:
debt—.———————'—
and
Material
720,619
711,791
—
—.————
and
$329,628
1,028,509
'-."V
resulting from reneg. of war contr.
excess profits taxes payable.
accrued
10,346
9,693
.1
charges
receivable from agents and conductors- •
Miscellaneous accounts receivable-.;—-—
200,155,212 189,111,467
1,067,068
Accrued
35,541
$249,332
income———
from
Net bal.
94,148,957
1
1,061,530
—
8,372,529
Other
33,709
$339,321
;
equipment property.
—
Miscellaneous physical property
Investments in affiliated companies——^—
457,081
9,935,987
payable:
and
i
Investments:
Liabilities—
pay.
388,486
$213,791
,—„!———
fixed
Total
Income
396,382
$305,611
——,
transferred to profit and loss
unfunded
on
Common stock
Refund
404,020
$602,271
$701,993",
—„
income-
'V.%'<■V*','■ General Balance
3,219,467
634,533
—-
—
and overdrafts
$1,006,292
595,326
——:
Income balance
15,529,353
685,289
14,932,203
13,572,794
————————10,418,995
equipment
j.
' 101,438,786
*
1
—————.—
951,155
(net)
"Investments
Goodwill, and
$1,297,319
...—
———_——
Miscellaneous
Income
738,557
19,789,834
21,412,823
15,003,869
accounts)—
transit,———
in
$4,662,498
3,656,207
income——
operating
income
Road
——————————
stools, etc.
moulds,
railway
Other income
24,005,574
7,504,400
3,796,376
262,455
750,000
1,315,104
__
Rolls,
1941
4,737,770
———
railway operations——
Revenue
A
,
■
16,124,092
7,908,200
,
and
May
: ■'
from
revenue
1942
$6,035,090
;;.
.
A————
$
in-process products,—
materials and supplies,,—
Raw
of
1943,
the Bank of New
made at
be
1
——
operating
Net rents (Dr)
:
1941
notes
for doubtful
(less reserves
Other
will
Payment
Calendar Years—
expenses
and accounts receivable:
Notes
May
776.
dividends.
revenues
31
$
States Treasury
bonds—
Other marketable securities.—.
SEC.
Attorneys for the
and
Railway
including
stock,
Dec.
1942
Total '1—————————————_
Holding Companies Contest Dissolution Order of
Called—
3uhe 30,
of
as
$0.69
■
Cash
4V2%
and Electric will not destroy anything of
share
redemption
for
cumulative preferred stock, par $100, at $105
4,011,909
•"
'
Insurance
question of
by the SEC
appeal, the Commission defended the statute
value,"
.
'•
called
has
Operating
V*
v.
-
Funded
American
p.
net
2007.
p.
Operating
807,062
2,211,909
Sheet,
Balance
1
Deferred
157,
157,
for
report
Corporation
Electric
&
Gas
electric output of the Associated Gas &
units (kwh),
This is an increase of
above production of 113,718,271 units a year
28,
York, transfer agent, 48 Wall Street, New York, N. Y.—V. 157, p. 1938.
post-war refund
common
..V;..
Comparative
Other
shire.—V.
'
' ;
.
3~77~826
$1.96
and
$727,515
....
until it went into court on
.
■'
131,272,556
per
3,663,009
'5,187,697
$3.21
$2.01
retirement
debt
the
fOn
$182,086.
point of view and wholly repugnant to the statute."
Pointing out that the companies had not raised the
constitutionality of the legislation and interpretation of it
of
Associated
May
was
company
Net
are
in
of
ended
group
165,951
7,642,714
3,262,546
717,159
4,016,126
.
2,887,568
share—
per
credits
Notes
"Dissolution
7,780,988
—
fEarnings
Accounts
option warrants.
"To put the matter
The
Net
Total
capital structures of the two companies, the Commission said:
holding companies, almost all of whose assets consist of
operating companies. These common stocks of oper¬
manner
Trustees
week
15,000 of its shares of 5%
7,094,024
common
are
the
:
''
676,886
public utility subsidiaries through Electric
could not be more
preceded in asset and earnings claims by large
amounts of outstanding preferred stocks (sometimes as many as three
different issues)
and by mortgage bonds and sometimes debentures.
"Thus these common stocks are sometimes a fourth or fifth claim
against the earnings of the operating companies.
Upon these slender
(and ofttimes nonexistent) junior equities the petitioners have reared
their own monstrous structures
consisting of bonds, two and three
issues of preferred stocks, common stocks, and, in the case of Electric,
and
1938.
p.
ago.—V.
6,039,635
2,506,911
5,821,208
*8,795,174
stock
pref.
Divs.
stocks of
companies
ating
no
Railway tax accruals.——
Light by means of an investment that
than 8.72% of the total amount invested.
and
Of the
question
17,554,285 units, or 15.4%
3,625,883
2,413,752
.;
j._—_
income
Materials
light of the admitted fact that Bond and Share controlled 16 public
utility subsidiaries through American Power and Light by means of
an investment that could not be more than 3.42%
of the total amount
common
negotiate
to
in
—
—
;
—■
Finished
Power
bonds
Atlanta, Birmingham & Coast RR.- -Annual Report—
eign income taxes
i:
Prov. for Fed. exc. prof,
either functional or financial," and "were created and are used
by Bond and Share as pyramiding and leverage devices to enable
Bond and Share to control billions of dollars in operating companies
conclusion,
the
from
2,500,000
Assets—
two companies, American
and Electric with a total
pose,
That
369,366
charges—
resulting
United
to
1,000,000
269,669
conting——
of war contr..
Fed., state, & for¬
Prov.
capitalization of $653,981,088, Aug. 22, 1942.
Petitions for a rehearing
were
denied by the Commission, and the matter was taken to the
Court on appeals by the companies.
The court was told May 20 that the Commission had ordered the
dissolution of the two companies because they "serve no useful pur¬
and
157,
The
147,883
525,724
296,887
——2-.
607,137
1,351,425
'' 625,547
————
Other
destroyed."
not be
capitalization of $729,143,155,
total
a
8,066,562
11,579,375
27,490,045
27,098,903
-
Prov.
the
which pleads that the instruments of its
Commission ordered dissolution of the
The
attempts
the
Associated Gas & Electric Co.—Weekly Output—
2,160,763
1,148,747
(net)
prop,
Interest
scrip.
Light existed largely on Bond and Share's books and charts, adding:
"No amount of
ventriloquism can conceal the fact that it is
wrongdoing should
V.
retirements of
on
tax
two companies and their parent with some of the
strongest language it ever has employed, the Commission said in its
brief that both American Power and Light and Electric Power and
•J-'
its
that
83,045,335
and Light
the
Assailing
a sale have been hampered by the
are outstanding in
the hands of the
funds with which to meet their immi¬
nent maturity.
Aelec believes that its negotiations for sale would be
facilitated-if it owned all of Ohio-Midland's outstanding securities.—
that
but
94,885,663
9,418,611
2,229,485
.
Associates Investment Co.—Preferred Stock
and
Power
Electric
the
25,260,560
25,190,370
1,908,533
operations
income
Aelec owns all
Ohio-Midland.
diligently tried to dispose of its holdings in
Ohio-Midland in compliance with the divestment order of Aug. 13, 1942,
$
■
approving the
6% bonds due
its subsidiary.
that .it has
states
Electric
Dissolution Asked—
the American Power
of
Light Corp. "abominable" and "a
mess from
any point of view," the Securities and Exchange Commis¬
sion asked the First Circuit Court of Appeals in Boston May 20
to
affirm an order
requiring dissolution of the two concerns, both of
which are intermediate holding companies in the Electric Bond and
and
Co.
I
Ohio-Midland
of
securities of
Aelec
1939
$!'■'$
—r
180,978,867 169,178,239 112,363,529
Cost of goods sold__—. 144,996,401 131,874,098
94,371,066
Sell.,
gen.
&
adminis.
expenses—
10,635,843
11,871,003
8,487,847
rrov. for doubtful accts.
156,253
172,579
86,005
•
by Aelec,
par,
1943,
public and Ohio-Midland has
1940
1941
$
1
.
reneg.
American
the
of the
Years
Calendar
for
sales
Losses
similar payment was
A
Account
Income
1942
,*■/
'
r
Gross
dividend
With
fact
Consolidated
Net
1,
issued
28
May
on
were
American Meter Co.,
A
June
activities.
and
ucts
its findings and opinion
of $372,500 first mortgage
Light & Power Co.,
exception of the $372,500 of bonds mentioned,
SEC
purchase at
face-hardened armor plate, aircraft propeller
steel, and prefabricated ship parts.
The report states that wartime
restrictions made it impossible to include an all-inclusive list of prod¬
the preferred stock,
on
15.
June
declared
have
stock
common
share
account
The
report
of
production
preferred stock, payable June 23
similar distribution was made on
A
8.
a
Co.—Acquisition of Sub. Securities
Associated Electric
will permit continuous operations on the
period of the next fifty to sixty years.
titled, "The Second War Year" the com¬
and
the
pany's progress in helping the nation's war effort is reviewed. I Among
the work cited is research on cartridge case steel, the development of
an
all-wood culvert to conserve iron and steel for more urgent war
cumul.
7%
June
and in each quarter during 1942. Arrearages as at
amounted to $42.75 per share, it was said. —V. 157,
last,
March
p.
the
on
record
of
holders
to
Dividend—
declared a dividend of $1.75 per share on
of
section
a
fuel
the
planned for
now
In
needs,
The directors have
of
reserves
declared a dividend of 10 cents per share
28
May
on
Monday, June 7, 1943
CHRONICLE
THE COMMERCIAL & FINANCIAL
2142
deductions
Interest and
Net
from
income
379,621
income
dividends
—
908,200
939,792
6,566,546
rentals——
Preferred dividends
Common
.
6,420,669
6,208^946
$22,619,355 $11,132,472
$1,823,537
9,835
9,835
1,646,854
823,427
9,835
2143
General
■r.
Assets-
Sheet,
Balance
/■;
■
•.
Dec.
31'
"
bonds and $481,659 of RFC
'
1941
/7" 1942
•
'
and
liens
!367,708,294
investments'
357,927,551
10,044,923
Cash;
: 17,207,710
Temporary cash investments/_i-iU^i^-V---:'''' 9,115,685
2,000,000
/
" 2,148,579
1,191,988
Traffic and car-service balances
v' :
529,117
113,349
Net bal. receivable from agents and conductors :
,2,221,987; v
803,376
Special deposits
.V
.accounts'; feceivable^J-4-r-iii»~^«..iA-',:12,'164,143-.. .'i4,704,737 <
supplies__L"__^__-i,___.l-_^,^-i__-.
7,561,443
6,148,886
Miscellaneous
Material
and
Interest
1
Other
100,737
receivable.;...——•—
dividends
and
assetS^-J~CiLiwF.-_^u._i-J.iil:^r'
current
Deferred
assets
l_:
...
Unadjusted debits
4,219,631
—_——
—
7-;%
'■
/;
Class
%
//v;//// ,// i
7S
'stock'l^ij^t-_i---^i'4*^-^r---
Premiums
Grants
81,342,700
1,000,000
196,700
81,342,700
stock-
RR. Co
4,836,989
1,253,085
capital stock—„
on
aid
in
Long-term
1,000,000
—196,700
& Petersburg
Richmond
A
•'/ Preferred ..stock
of
construction
.
accounts
and
interest
Unmatured
•Unmatured
7 Accrued
Other
rents
tax
Deferred
14,856
23,897,454
credits
and
-•..-.r
Jt
surplus
40,538,688
7,186,893
-
property through income
loss, credit balance————
109,319,758
_
"In
the
opinion that
authority
the
7/7 7;.. 7'7777 ■'v:;7.'7,,;
able
not
approval is
our
cost
In
the
short,
applicant
427,988,735 394,042,832
investment
favored
certificates
be
will
.f
tax
same
months
two
same
and
70%
of
all
cheese
made
for
the
corn
sugar and corn syrup and other sweetening agents
only limited by the ability to secure them, and since Ices do
use
additional amounts of this type of product
7
:.
1941
1940
$295,134
$259,707
287,637
131,116
121,945
88,638
197,030
70,405
68,064
3,241,767
1,116,822
1,081,560
1,539,918
2,183,556
1,181,597
492,215
523,162
386,106
railway
834,155
245,364
285,516
income—,
.
1645.
p.
Bell Aircraft Corp.—To Pay
dividend
A
-Earnings—
1942
$545,029
381,734
railway.'—.
oper.
'
1943
railway...;
157,
be manu¬
$790,672
railway-— 7-;
from
ry.
can
long as sweetening agents are available.—V. 157, p. 1804.
so
from
Net
—V.
of
$1
$1 Dividend—
share has been
declared on the capital stock,
payable June 25 to holders of record June 15.
This compares with $2
paid
the
presently enjoyed by equipment trust
as indicated by the
fact that despite
rate borne by any
equipment trust in recent proceedings before us, only one firm out
Atlantic Refining Co.—Secondary Offering—Blyth &
of 29
bankers, brokers and insurance companies solicited submitted
:
Co., Inc., on June 2 made a secondary distribution of 12,a
bid.
This bid, 100.125% of par and accrued interest, is equivalent
000 shares of common stock (par $25) at $27%' per share.
to an approximate annual cost of 2.98% .
!
7
"Since Nov.
1, 1942, we have approved the assumption of obliga¬
Concession to NASD members is 50 cents a share.—
tion and liability in respect to $30,110,000 of equipment trust cerV. 157, p. 1804.
7tificates, representing 76.7%
of $39,240,706, the cost of the equip¬
.
ment
to
be
purchased, or an initial cash payment of $9,130,706.
These
certificates bore
coupon
rates varying from a low of 1 % %
Baldwin Locomotive Works—To Redeem Bonds—
to a high of 2 Vz %
and were sold at prices ranging from a low of
All of the outstanding refunding mortgage bonds, 6%
convertible
99.091
to a high of 100.771
with an effective average annual rate
series,- due 1950, have been called" for redemption as of Aug. 2, 1943,
of 2.03% for the total amount issued, which may be compared with
at 105 and interest.
Payment will be made at the Fidelity-Philadelphia
the effective cost to the applicant of 2.98% on its proposal to make
Trust Co., trustee, 135 South Broad St., Philadelphia, Pa.
•
\
"7
'
no.initial cash payment. 7;7: „.:7'7..77v-,;
:7
7:; ■•'' '!.7; -'V-lv/!
Holders have the right to convert said bonds at any time prior to
"In an attempt to justify this proposal the
applicant states that
the close of business oil Aug. 2, 1943, into voting trust certificates for
it has purchased through its wholly owned subsidiary, the New York
fully paid and non-assessable shares of the $13 par value common
Transit
and
Terminal
Co.,
Ltd.,
$68,759,350
principal amount of
stock, at tile rate of $1,000 of bonds into 65 shares of common stock.
system bonds
and notes and that expenditures of this character
■All holders wishing to exercise this conversion privilege must present
will
result
in
greater
savings than would be produced from the
/ said bonds at the office of either of the agents of the company, viz. r
making of an initial cash payment in respect to the proposed equip¬
,Drexel & CO., 15th and Walnut Sts., Philadelphia, Pa., or J. P. Morgan
ment
trust.
As
the
debt retirement has been made, any savings
& Co. Incorporated, 23 Wall St., New York, N. Y.
Holders of bonds
resulting therefrom ' already have been achieved and can in no way
exercising their conversion rights on or before June 15, 1943. will
justify the unnecessarily expensive financing, here proposed, • especially
receive a common dividend (see below),
•
/ w
v
by an-applicant which in 1938 had to seek our . aid in obtaining
Declares Common Dividend of 75 Cents—
)
7 relief from its own creditors.
"Furthermore,
on
the
basis of a 20%
cash payment, ; $700,000,
The directors on May 27 declared a dividend of 75 cents per share
and the current effective interest rate of 2.03%, the applicant would
on
the $13 par value common stock, payable June 30 to holders of
save
approximately $252,800 in interest payments during the life of
record June 15.
A distribution of $1 per share yvas made on this
the proposed certificates,
which is equivalent to a return of nearly
issue on Dec, 29, 1§42, the first payment since plan of reorganization
3.6'v
on the initial cash payment.
7:
7-..:
7.
was consummated on Sept. 23, 1938.—V. 157, p. 1737.
"Under
the conditions presented, I cannot find that the proposed
assumption of obligation and liability as requested by the applicant
;
is
Baltimore & Ohio RR.—Equip. Trust Ctfs. Authorized
compatible with the -public interest or reasonably necessary and
appropriate therefor."—V. 157, p. 2008.
.7.7'7\V
The ICC on May 31 authorized the company to assume obligation
and
liability in respect of not exceeding $3,500,000 of equipment
trust series M certificates to be issued by the Girard Trust Co., as
Barber Asphalt Corp. (& Subs.)—-Earnings—
'trustee, and sold at 100.125 and accrued dividends.
V
:
Quarters Ended March 31—
'■■''-'7" 1943 •
1942
The report of the Commission states in
part:7/
fNet profit 4-r$149,934
*'$21,379
"The applicant proposes to acquire the present use
and ultimate
7
.f After allowance for depreciation, amortization and depletion;
'Loss.
ownership of the equipment through the medium of equipment trust
series
T. Rieber, President, in letter to the stockholders states:
M,
together with
such additional,
substitute, or replacing
These earnings are
; equipment as may be acquired
derived from new uses of our properties and
for the trust, at a total cost of not
>tv'to exceed $10 767 244.
r •»'••■'•vv
V • V;\v;i, *' ■•'-y.'.-ui
'■
V
facilities.
As
the
stockholders know, we discontinued our refinery
"Hardie G.' Hain and John C. Holinger,
as vendors,
will procure
operations approximately a year ag"o, when we could no longer obtain
the
than for the
of
fats,
from
Net
V.
purchase-price of the equipment by interest-bearing debt.
Should
this, practice become general, it will be only a question of time until
—-v?li57, jrioir
President,
1.
the
In this department operations are not as
1 the company has been setting aside
ry. oper. income.—, -77
From January 1—
sought of the assump¬
evidence
to
years
May
Net
Gross
to
Since
manufactured
April— ' 7 ."7
Net
sought herein*
;/7 ■■ 77 7,7;, '-'V./-/.'.//-;/
proposes
butter
Gross from
applicant
$3,521,080.
both
Beaumont Sour Lake & Western Ry.
4
Porter, dissenting, states:
application
to
are
use
factured
of obligation - and liability in respect to an
$3,500,000 of equipment trust certificates, the proceeds from
are
to
be
used
in
the
purchase of equipment estimated to
which
90,316,739
pending
last year,
as
that
type of financing to which I cannot give my approval',
involves, a threat, to the future of the preferred position
the
Haskell,
H.
meeting held on June
Speaking of ice-cream, Mr. Haskell said that despite the
70% of 1941 usage of cane and beet sugar and 65% of
year's usage of butterfat and milk solids, the company has been
last
of
issue
Clinton
4.8%,
annual
alter, adjusting
few cents per share more
a
of all
.
limitations
by
by-the
tion
6,862,498
v
of
their
Government.
equipment trust certificates, the single class, of railroad
securities which always has enjoyed a preferred position in the mar¬
ket, survived intact depressions, receiverships and bankruptcies.
1,224,500
35,283,614
3.137.779
are
increased
at
profits
in the butter division.
good
50%
the
.it
enjoyed
4,012,787
..125,631
—
__———
_
Additions to
Profit
because
14,856
accrued—
we
that
will be
cept
$5,002,000,
1943,
granted."
"This is
337,278
117,232
318,395
liabilities—-A.—./..—— :_-_i..77-' 1,000,729
liabilities
Unadjusted
7
371,244
debt
Commissioner
1,190,995
liability—:
current,
-'7
-v
accrued——.—...,v-r/7.—j/7 1,087,503
'
in
should, be
2,112,757
3,
added
of last year but warned that if Congress should raise taxes on this
year's operations, further tax adjustments might reduce these earnings.
Operations in all departments have been satisfactory, he said, ex¬
,
$10,760,000, the entire amount of certificates provided
equipment trust, series M.
In view of this continued reduc¬
in
tion
1,251,066
2,270,846
rate
adjustment.
of
period
same
the stockholders
He
exceed
for
4,836,989
.
5,960,016
wages
also
158,261,100
5,555,389
*144,255,100
i7-«—7
debt
payable—
Miscellaneous accounts payable
Interest matured unpaid
:
Dividends matured unpaid—:
—
Audited
;.
39,815
Liabilities—
Common
told
principal amount of notes, were
for the sinking fund created under die
These notes have been cancelled.
The
remainder of the securities held by the Transit & Terminal Co. are
available for sale to the sinking fund and it is contemplated
that
at least $25,000,000, principal amount of such bonds and notes, will
be acquired by the sinking fund and retired during the current year,
such
bondSf to
be
acquired to include at least $4,772,000 of the
applicant's refunding and general mortgage bonds/series F.
From
the
foregoing,,-it appears that the applicant is continuing during
1943
its practice of debt
retirement and that the amount already
retired
and
which
will
be
retired
not
only exceeds the $3,500,000
of equipment trust certificates involved in this application, but will
May
on
plan
the
for
retired; and in 1942, $12,266,000
of
purchased,
sp,
acquired
'1938
427,988,735 394,042,832
■
Total
x-
-
were
notes,
$6,117,400
securities
.
;// 13,385
,3,241,099
7,813,722
44,678
4,966,730
'
loans
$74,241 of RFC loans, $2,500 of ground-rent
4% and 5% bonds were discharged;
In the
first part of the' current year the applicant invited tenders for its
bonds and $481,659 of RFC loans were retired; and in 1942, $1,266,000
principal amount- of system bonds and notes, which were assigned
to the-New York Transit & Terminal Co., Ltd., a subsidiary.
Of the
7 of-4secured
Nov.
on
157.
25,
1523.
p.
per
last,
initial
an
$2
paid
operating
revenues^.
Railway
operating
expenses
Net
revenue
'
Railway
tax
Net
Total
$2,730,080
1,533,981
940,334
$1,693,755
$1,789,746
438,396
258,756
$2,132,151
operating income—:
$2,048.50l
67,529
$2,116,031
7
available
income
income...
fixed
for
2,168
charges
Dividends
848
--7
$2,199,397
charges
Net
69,414
$2,201,564
Miscellaneous, deductions from
Fixed
*
$3,227,737
income
Income
1941
*•
3,873,870
Other income
-
7
4,268,445
from railway operations
accruals
railway
,
$6,603,950
7hents 7,^'7.iU27-^
Net
1941.—
24,
$7,496,181
Railway operating income
^
Dec.
•
77-'77;1942
Railway
,
on
Chicago—Annual Report—
Calendar Years—
greatly impaired, if not lost,
the 3 %7 coupon, the highest
of
",.7' 7
Belt Ry, Co. of
position
and
$2,115,182
1,623,343 7 1,612,612
for
year
$576,054
.
appropriation of
$502,571
'
surplus„i_^^U—i':
General
Balance
566,600
Sheet, Dec.
....
.77
31
*
.7777;77-7 :'>'''7;;77:;y'7:.7'',.;
Assets—
1941
1942
vlnvesMients'" •
$2.587,188'' $2,498,793
.
i
636,814
Temporary cash investments^-*^'-—7-,;
968,713
400,000
Traffic
274,142
and
balances
car-service
Net bal. receivable from agents
and conductors-
2~63~208
43,168
18,136
Miscellaneous
accounts
652,560
557,760
Material
supplies.....—461,797
405,600
Interest
and
receivable-..
dividends
and
receivable
625
•
——7—77-:'7.
6,619
——v—^i7———72—77; 44,400
Unadjusted debits' 7_a.—..^7.——_^r;—.7_v. ;
1,050,730
Rents
receivable
Deferred
—
assets
1,668
987,436
■
$6,158,042
77
the
to
equipment
dated
be
from the builders and will enter into an agreement,
1, 1943, with the ;Girard Trust Co., as trustee, and
Audited
which $3,500,-
proposed to be issued presently,
"The vendors will, at one time or from time to time, after the
execution
of the
agreement, and prior to the respective deliveries
000
.
is
deposits ate sufficient to pay, when due, the cost of the trust
equipment then delivered.
Upon such deposit the trustee will execute
and deliver to or upon the order of the vendors trust certificates
in equal
amounts of the several maturities not then matured, for
an
aggregate principal amount equal to the amount deposited by
the vendors;
In no event will the trustee execute and deliver trust
; certificates
of
a
then earlier maturity , date.
From such fund
V
with any additional and advance rent which may
by the applicant under the terms of the lease, the trustee
the cost of the equipment as delivered.
•
-77' Company, Incorporated in 1902, is Pennsylvania's oldest
Notice has been
company
mental
cure
for
restrictions,
it
may
the transportation
railroad equipment which will be included as part of the
equipment by supplemental instrument or instruments.
The
will further provide that in the event any of the
equipment is not acquired by the vendors on or prior to April 1, 1944,
or
such later date as may be mutually
agreed upon between the
vendors, the trustee, and the applicant, such equipment will be elim¬
inated from the trust agreement and lease, and the total principal
amount of certificates that may have been issued will be reduced to
7/ an amount equal to the nearest multiple of $1,000 greater than the
estimated total cost of the equipment not so delivered.
''The
applicant solicited bids for the purchase of the certificates
trom 29 bankers, brokers and insurance companies,,, and received in
response thereto one bid, that being from Halsey, Stuart & Co., Inc.,
on
behalf of itself and 16 associates, at 100.125 plus accrued divi¬
dends from May 1, 1943.
At-this price the average annual cost of
the proceeds would be approximately 2.98%.
"As the, proposed equipment is
to be purchased without making
the customary down payment,
the applicant furnishes the following
in explanation of its reasons for this procedure.
By omitting such
payment, which in this instance would amount to approximately
$2,000,000 for a 20%
down payment, the applicant could use this
sum
to purchase
$4,772,000 of its refunding and general mortgage
series F bonds, bearing a higher interest
rate, and selling currently
much below par.
Such a purchase would effect an annual interest
reduction
of
$238,600, or $2,386,000 for the. 10-year life of' the
equipment trust certificates.
However, as the bonds mature in 1996,
the reduction would continue beyond the life of the certificates and
greatly exceed the amount indicated.
Deducting the dividends pay¬
able, on the equipment trust certificates would make the net differ¬
ence
for the 10-year period $1,797,500.
"During the past two years the applicant has used Its cash funds
to
retire
indebtedness aggregating
$18,558,255, of which $5,825,284
were
retired in 1941 and $12,732,971 in 1942.
Equipment obligations
accounted
for
$5,273,325 of the 1941 total and $5,272,830 of the
1942
total.
In 1941, $8,000 of 4%
secured notes, $62,300 of 4%
will
Beatrice
The
on
the purchase of shares of, its
1,
Holders of $5
The underwriters are:
Report—
/ /
•
.
r
$5,864,060
$6,455,934
1,048,095
695,460
Net railway operating income.
7-7
$3,432,070
$6,912,154
110,417
140,226
$7,151,394
172,012
Total income
$3,542,486
57,641
$7,052,380
-77 51,151
$7,323,406
43,133
$3,484,845
$7,001,229
$7,280,273
885,301
878,688
796,816
$2,599,545
$6,122,540
4,422,221
$6,483,457
4,922,226
Miscellaneous deductions 7.^
Glore, Forgan & Co.; Hayden,
Income available for fixed
W. E. Hutton & Co.; Mellon-Securities Corp.;
Fixed charges
"7 Net
•
charges
-
income
1,421,389
7.--i~;«-.
Dividends
Kirkpatrick-Pettis Co., and Burns, Potter &
Co., Omaha,
Offering price to the public will be supplied by amendment.
'
/ /" /''/"V'. 7"
7'
' '.',l ;' '■ '7'
'"'."7
Proceeds from sale of any stock to underwriters, with other funds of
the company, will be used to effect the redemption on Oct. 1, 1943, of
all of the then outstanding $5 cumulative preferred stock at $102,50
per share plus accrued dividends..
Consolidated
Comparative General Balance
7
Assets—
of
New Issue
Preferred Stock—Sales
"
By
a
amend
substantial
majority,
voted
certificate
the
of
to
issue
of
stockholders
incorporation
so
as
on
to
June
create
1
an
91,317 shares of $4.25 cumulative preferred stock, which will be offered
"
to present holders of $5
cumulative preferred stock on a share
/share exchange basis.
That portion of the stock which is not
changed will be sold to underwriters.
Wallace Thompson of Galesburg, 111.,
have
the
was
been
elected
President,
elected
,
directors.
- was
elected
Secretary
to
Herbert
Treasurer
fill
the
7
Lincoln,
and Earl Cline,
W. Post, formerly
and
vacancy
Walter
caused
for
ex¬
Neb.,
Assistant
to
Dilger, counsel,
by the death of
L.
road
-
equipment property—...
physical property
and
Miscellaneous
—.
Sheet, Dec. 31
1942
1941
$96,627,996 $91,920,299
486,333
468,193
30,636
—7...——...
30,636
Deposits in lieu of mortgaged property sold——
Investments in affiliated companies..——
7,536
100,909
25,545
167,266
Sinking
Gain—
the
Total
Other
/.
1940
cumulative preferred accept¬
Co.;
Creates
'
^:7'-
1,145,458
77
■
'
1941
$2,286,612
.7
Maynard H. Murch & Co.;
'
$49,423
$21,473,389 $20,379,750 $18,026,227
14,039,272
10,457,623
8,377,040
5,147,504
4,058,068
3,193,253
Other income
Lincoln,
&
7,358
$76,804
v.
1942
,
Railway operating income-
Blair, Bonner & Co.; Farwell, Chapman & Co.; G. H.
/Walker & Co,, Boettcher & Co.; Bosworth, Chanute, Loughridge & Co.;
ple
7,932
2037.
Net rents 7.
First Trust
Lincoln, Neb.; Central Republic Co., Inc.; Kehbon,
McCormick & Co.; Lee Higginson Corp.; Wisconsin Co.; Bacon, Whip-
,
receipts over cost of service
p.
157,
Railway operating expenses
of exchange will receive the quarterly dividend, payable
with respect to their shares of stock.
shares of $4.25 cumulative preferred not exchanged have been
of
Co.
of
99,497 17
99.497
7 /
Railway tax accruals.
r
1943,
& Co.;
Stone
324,165
.7/
items
Calendar Years—
:
basis/
3,761
234,598
312,082
—
./.7
195,504
3.761
253,623
w.
Railway/ operating revenues
m.
preferred is offered for exchange by the com¬
holders of its outstanding $5 cumulative preferred stock
the
7 underwritten.
•
p.
1942
(Including Leased Lines)
Co.—Registers with SEC—
Creamery
share-for-share
a
The
'
-
3
246.561
accruals
tax
:
Bessemer & Lake Erie RR.—Annual
1
for
$80,000
until
tenders
1,717,802
Pre-
ing the offer
July
'
,
*
$2,632,110
2,101,749
bonds.
on
Miscellaneous
cumulative
$4.25
to
pany
.
,
-
7 /;/>;77'V;7 :/77 '■•"vV-/7/7-H 7/, 1943
r7w-^_7«« $3,102,009
'
Dividends
value.
par
agreement
1915.
leased : roads
for
Interest
registration statement (2-5146) with the
covering 91,317 shares of $4.25 cumulative preferred stock, without
SEC
112,466
$5,701,315
Subway and rapid transit line rentals.—.7—
cumulative first preferred
receive
.
if
Rent
Company on May 27 filed a
ard-gauge
trust
'trust
■
Redeem
Co.- -Seeks to
prices not exceeding $40 per share.---V. 157, p. 1523.
be deemed necessary or desirable to pro¬
services of the applicant and include in the
126,923
operating expenses
Federal, State and municipal
stock, par $100.
The corpoJune 22, such tenders to be
made to Guaranty Trust Co. of New York.
Offers will be accepted at
trust, other railroad equipment, the vendors may acquire or contract
to acquire, and substitute under the trust, other new standard, stand¬
4,354
80,648
1,065,468
^7----77 $6,158,042
received by the New York Curb Exchange that this
appropriated
has
convertible 7%
ration
929;475
41,208
7' '7-7—77
1,006,612
Total
Excess
&
ferred Shares—
. •
...
Boston Elevated Ry.—Earnings-
—V.
multiple
pensation, burglary, plate glass and practically all forms of public
sists of 400,000 shares authorized and 200,000 shares outstanding.
,
"The agreement will also provide in the event that, due to Govern-;'
,
—
Total receipts
1523.
p.
Baumann
(Ludwig)
be paid
will pay
;;
—
Month of April—
in character.
Administration.—V,'; 157,
the
;
•
together
7
tanker, connnissioned in Dec., 1942, was
requisitioned by the War Shipping Administration, and we are now
operating it for the Administration under time charter,
As general
agent for the War Shipping Administration, we shall shortly com¬
mence
the operation of additional ocean-going tank vessels owned by
such
'
,
-V. 155, p.
Navy determines.
Company's
16,000-ton
deliveries,
1,491,327
credits' -7--.-^7_-7-—7i_..__-^„7*
surplus
24,635
56,760
:
Total 77777.7.
Company's storage facilities have been leased
to the Navy and have become a part of the military supply system.
We undertake to store,
and deliver as needed, such stipplies as the
completed
such
Corporate
364,269
315,212
payable
a
important
units of the trust equipment, and in anticipation of
deposit, or cause to be deposited with the trustee:
all or portions of tne fund of
$10,760,000 at such time or times
and in such amount or amounts as they may determine,
provided
of
of
sels
payable...
wages
liabilities
Unadjusted
undertook,
M,
exceeding $10,760,000 of equipment trust certificates, of
Deferred
and have recently completed, a contract to build war ves¬
special type for the Navy, and we have now undertaken
another contract for additional vessels of the same standard type.
This is now the principal business of the corporation.
In addition,
there are several income-producting activities, small in themselves, but
applicant,
series
and
accounts
liability
current
liabilities
Other
Venezuela.
creating the Baltimore & Ohio RR. equipment trust,
and will sell and transfer the equipment to the trustee.
The agreement
will provide for the lease of the equipment by the
trustee
to
the applicant
and for the issue by the trustee of not
the
>
accounts
Accrued;, tax
transportation for our asphalt from Trinidad or our crude oil from
Through our subsidiary, New Jersey Shipbuilding Corp., we
.
May
$3,120,000
Miscellaneous
•
7
$5,701,315
')
7;V7;
'v;.' 7-,l7- 7-: v'-'"; 7/7
stock;._2.I.^_.__7-I.-^--.7—7-iv : $3,120,000
Liabilities—
Common
.
funds
investments
——
(general) 7_———i——-v———
cash investments—
——
Special cash deposits..:—
Net bal. receivable from agents and conductors.
Miscellaneous accounts receivable
——
Material and supplies.—.-—
Interest and dividends receivable..
...
Cash
Temporary
Other
current
Deferred
4,245
1,813,688
30,000
1,510,900
302,155
249,830
57,219
97,103
78,310
81,001
1,504,935
1,288.401
432
-~
616
assets
_.—
...——
—
18,557
27,359
33,584
assets—.———
Unadjusted debits
600
2,180,042
75,285
936,798
704,992
Clyde T. Hays, who had been Secretary and Treasurer.
Sales
for
year—were
March
22.8%
and
April—first
two
months
of the
current
fiscal
above the same two months of 1942, and unit sales
Total
...
.$102,320,680 $98,540,722
Liabilities—
'
-
-
•
California
•
The
Co.—Earnings—
Service
Water
$500,000
Operating
revenues
Operation
,_™
24,652,000
—
RR.
lor conversion-.;
liability
Meadville,
Co.
—™_™™™—-
Conn.
Bessemer
unmatured
Pittsburg,
Funded
debt
Traffic
and
—
—»,
unpaid—u.
matured unpaid
Dividends
Accrued
_
:
interest accrued
Unmatured
liabilities-
Additions to
loss
15,521,821
29,589,939
through income & surplus-surplus not specifically invested(credit balance)
———-
prop,
Appropriated
and
19,511,299
9,933,632
737
—
™
General
28,402,288
9,933,632
173 846
General
Total
$102,320,680 $98,540,722
—i—
revenues
—
Gross
oh
Interest
on
66,338
648,163
Interest
Loss
64,424
797,519
752,046
67,833
50,000
671,332
600,000
309
309
3,707
3,707
limited-term
Net
$155,697
$138,387
$1,983,139
$1,568,106
1,037
revenues-
oper.
572
10,883
7,218
net
income,
income
$1,150,868
Railway
8,357
Railway
$1,234,407
475,280
$1,159,225
462,486
438
3,349
991
34,546
1,382
35,418
23,270
3,000
note———
—
—
!—
;
during construction
-
(Cr)———
and
expense-——
disposal of Redding Property—
on
deductions.
income
for Federal
Provision
'm
,
—-
income
"■
•
income
^
•
•'
•
preferred
on
157,
208,502
stock
$10,533,271
$6,309,496
2,508,296
1,623,110
$8,024,974
$4,681,386
Net
$138,959
$1,994,022
Interest
42,000
45,750
537,750
directors have
declared
an
Ltd.—Initial Dividend—
quarterly dividend of 53 cents
initial
♦Combined
of
$2.55
share
per
and
in
increase
an
$2.10 per share per annum.—V.
to
the
■
Other
6.006
4,963
60,409
57,729
$108,728
$88,246
$1,395,863
$968,595
stocks for the period
427,996
429,174
directors
addition
share in
income
Net
Dividends
——
to pfd.
applic.
the
on
Cash
$539,421
$967,867
——
announced several changes in the list of
officers, as follows:
Benj. J. Friedman, from President to Chairman
of* the
Board; Barney Rubin, from Vice-President and Treasurer to
President; Irving Cohen, from Vice-President and Secretary to VicePresident and Treasurer, and James W. Connors, from Vice-President to
Vice-President and Secretary.—V, 157, p. 1805.
directors
Co., Ltd.—Earnings
Brazilian Traction, Light & Power
Period End. April 30—
1943—Month—1942
1943—4 Mos.—1942
$3,768,023 $16,166,376 $14,753,561
.
deprec.
$7,774,147
$8,850,389
$2,006,491
$2,237,973
amort.)
&
157, p. 2037.
from
Gross
Net
Wilson
finance.
He
Official—
Net
previously
elected
been
has
of Kaiser
division
Fleetwings
the
with
was
of
charge
in
Vice-President
Bristol-Myers Co.
Secondary Offering
—
ry.
Offering
share.
a
was
Commission to NASD members was
50 cents a
oversubscribed.—V. 157, p. 1806.
The offering was
share.
—V.
April—
from
Net
ry.
Gross
from
ry.
631,227
Miscellaneous
Interest
450,646
Unmatured
562,161
1738.
1941
1940
$117,130
income—
*22,209
450,280
*137,048
Net ry,. oper. income.—
*277,657
♦Deficit.—V. 157, p. 1738.
442,461
437,047
*77,685
985
*203,791
*111,434
from
Net
Working
expenses
—™
earnings
—V.
*141,648
Federal
taxes
—
320,510
185,371
————
125,000
approp.
res.
$92,057
Net
*5,167
Other
1942
$4,960,000
965,841
^95.202
359,574
420,719
360,074
72,870
*590
4,317
*57,709
*48,702
♦Deficit.—V.
.
1,424
Interest,
$6
$3,964,353
129,501
1,594,906
$2,369,447
directors
The
declared
dividend
a
common
May 2,
1932;
20
cents
per
1419.
since.—V. 157, p,
none
of
share
on
28 to holders of record June 11,
share was made on this issue on
stock;, payable June
distribution of 62y2 cnets per
the
A
have
157,
1,254,239
1,255,237
The
Butler Co.—Quarterly Earnings—
of
Cost
selling,
sales,
general
(excl.
expense
of
2,272,901
$84,991
$78,874
Period End,
1943—4 Mos.—1942
April 30—
;
Gross
profit
Discounts,
Net
sales
on
—
_™„
and other
commissions
22.542
income——
for
depreciation
and
premium-funded
Interest
and
expense-secured
Provision
estimated
for
taxes
come
(no
and
2,715
—
—
State
—
income™!
♦Federal
$56,024
—
taxes
income
are
calculated
at
rates
provided
t After
:6,236.604
$3.31
For the month of April, 1943, net profit was $782,094 as compared
with $377,411 for April, 1942 and net sales were $16,284,300 against
1942
The
157,
deducting proportion of tax reduction resulting from credits
on realty sales in 1942.—V.
157, p. 989.
directors
the
on
record
p.
Net
from
from
ry.
1940
1941
1943
1942
$165,995
$181,596
$7,919
1524.
84,048
*77,274
39,607
*60,613
63,066
697,652
507,519
521,835
railway
oper.
income—
From January 1—
Gross
from
Net
from
Net
ry.
railway
245.884
income—™
Canada
157,
p.
Gross
157,383
233.437
298,675
249,555
379,802
1738.
Northern
Power
Period End. Mar. 31—
earnings
Operating
331,714
174,829
railway.™™
oper.
♦Deficit.—V.
Corp.,
Ltd.—Earnings—
1943—3 Mos.—1942
1943—Month—1942
$362,515
expenses
A
earnings
,—_—
Note—Operating
taxes.—V.
157,
p.
expenses
1
June
stock,
14.
no
„declared a dividend of 50 cents per share
par value,
payable June 30 to holders of
was disbursed on March 31, last, and
amount
like
the
usual
quarterly dividends of $1.25
cumulative series prior preferred stock; of $1.75
cumulative series prior preferred stock, and of
$1.75 per share on the I'M second preferred stock, all payable July 1 to
holders of record June 14.—V. 157, p. 1939.
share
share
on
on
the 5%
the
7%
149.542
$384,335
$1,165,110
$1,093,035
450,524
436,578
151,510
Central Arkansas Public
$212,973
do
not
1419.
$232,825
include
$714,586
$656,457
income
and
excess
•
•
profits
»
Service Corp.—Plans to Sell
Four Subsidiaries—
application to the Securities and Exchange
Commission, proposes to sell its four subsidiary companies for a total
cash consideration of $4,546,672, use the proceeds to pay and discharge
all of its indebtedness and preferred stock, and distribute the remain¬
ing assets to Federal Light & Traction Co., its sole common stockholder.
The company will then be dissolved.
Action is being taken to comply
with Section 11 of the Public Utility Holding Company Act.
The
corporation,
in
an
The company proposes
the
Electric
Co..
It
Hot
Springs
Water
Co.,
and Hot Springs Street Railway
in cash.
will sell to Arkansas Louisiana Gas Co.,
securities
in
to sell to Gus B. Walton of Little Rock, Ark.,
of the following three-subsidiaries: Citizens
securities and accounts
Co. for $3,746,672
Net
>
.
America—50-Cent Common Div.—
The
22,989
68,125
689,138
railway:
7,655.352
$4.07
$112,380
56.658
April—•
Net
1,504,413
$0.80
2,157,317
$1.14
each quarter during 1942.
directors, also declared
in
per
Cambria & Indiana RR.—Earnings—
on
common
June
per
Gross
if>
cash.
of its
an
affiliate company, the
remaining subsidiary, Consumers Gas Co.,
for $800,000
Dividend—
quarterly dividends of $1.75 per
?
revenues
!
_™™
Power Co.—Earnings—
.™™
1943—12 Mos.—1942
1943—3 Mos.—1942
$562,123
354,758
$507,462
314,945
$2,024,632
1,280,922
$1,910,571
1,203,050
$207,364
$192,517
; $743,710
$707,521
4,477,
5,648
$564,826
$713,170
1,320
1,018
$161,704
$148,837
46,678
45,000
183,361
50,883
™—™—™
52,511
205,224
199,669
$64,143
$51,325
$176,241
$338,000
renefr., replac.
retirement
1
—
deductions
—™—,
to
175,500
42,984
42,200
85,604
81,432
$67,837
$54,126
$273,998
$256,568
deductions
Balance
surplus—
Balance Sheet,
March 81, 1913
Assets—Property, plant and equipment, $7,731,836; sinking fundfirst mortgage 4% bonds, series C, $247; cash, $339,657; temporary cash
investments—U. S. bonds and tax notes, $13,755; accounts receivable,
$167,350;
able
notes
discounted
receivable—merchandise contracts, $249;
(merchandise
contracts),
$96;
prepayments—insurance, licenses
ferred debits, $478,212; total, $8,872,802.
$115,453;
profit after taxes
and charges —
Earns, per com. share™
$74,847
in the
Revenue Act.,
for losses
■' '■
Net
Celanese Corp. of
Net
1943- -12 Mos.—1942
35,241,644 158,275,601 104,372,940
51,348,395
._
114,533
*40,653
regular
157, p. 2038.
■■
$
$
sales
Net
$8,999,536,—V.
in¬
profits payable)—™
excess
12,045
2,025
debt
loan
Federal
$106,166
10,855
——_™—
Interest
27,292
$107,532
operating profit before depreciation—™
Provision
;
Caterpillar Tractor Co.—Earnings2,520,985
deprec.)
paid on Dec. 24, last; $3 on
Dec. 24, 1940.—V. 156, p. 2034.
on
„
preferred stock, $150 per share on the preferred stock,
and 62'/a cents per share on the $50 preferred
dividend series, all payable July 1 to holders of record
Net income
$2,351,775
and
delivery
warehouse,
Dividend—
June 12. This compares
Oct. 1, 1942; $7 on Dec. 24, 1941,
and $3
declared
also
dividend of $3 per share on the com¬
declared a
have
directors
with $4
Mar. 28,'42
and
23,611
26
income
Income
stock, payable July 1 to holders of record
mon
(P. II.)
$1,551,203
2038.
.
5,356,040
616,464
38,686
series,
Gross income
Other
MM
Quarters Ended—•
April 3,'43
Sales
———_$2,605,976
$1,115,208
——
p.
(J. I.) Case Co.—To Pay $3
I
May
Operating income
Prov, for
-V.
1,638,928
1,037,866
$2,806,440
$158,031
Balance
Dividend—
on
Oper. rev. deductions.—
1,618,919
$160,047
stocks for the period
.
income
.
Bush Terminal Co.—Resumes Common
2,013,461
1,400,514
'
364,974
6,674,590
2038.
Per. End. March 31—
Operating
$4,425,359
133,934
-
1738.
157, p.
5%
Other
Net
461,978
the I'M
10.—V.
June
24,618
$289,548
190,303
the common
directors
on
dividend
stock,
$4,400,741
24,254
$291,965
deduct..
etc.,
$3,940,099
%140
•
$1,358,365
495,411
declared an initial dividend of 12'/a cents
stock, payable June 1 to holders of record
This is the first dividend of the consolidated company.
directors
share on
share
19.830
212,471
,
!
income
$290,541
net—
income
Gross
p.
1940
$1,777,518
8,090,367
income—
159,
1941
1942
601,220
,
railway-™
oper,
of that date.
1943—12 Mos.—1942
$28F™408
revenues-
;
$2,178,187
Central Maine Power Co.—Initial Common
*19,635
income,
9,461,978
124,974,719 115,183,132
4,843,288
3,208,407
a
railway—™
Central Ohio Light &
oper.
15,724,972
12,278,033
income.™-
oper.
from
Net
$1,232,930 $16,444,283 $16,244,131,
444 803
5,821,421
7,060,959
2 lo, 900
3,436,118
1,788,612
173,819
1,821,645
1,713,819
110,000
1,425,000
1,280,000
445,098
—
—t.—
taxes
24,999,043
17,120,653
6,395,757
—™-__—
1943
$3,317,356
1,386,162
918,051
railway™™.-
$3,556,147 $12,468,312 $13,540,158
$1,366,520
J.,
101,950
27,558,921
__
„.
_™
(deficit)
railway.—
from
Net ry.
1940
$95,796
ry.
The
Operating revenues
Operating expenses
—
From Januaty 1—
1943—Month—1942
130,798
credits
from
from
Gross
Co.—Earnings— >
& Light
311,100
1,197,731
—-
.
April—
The
Carolina Power
255,586
Earnings for April and Year to Date
per
Period End. April 30—
49,222
587,265
824,459
liabilities—
*32,515
1939.
p.
72,637
597,345
.
——
™_——__—™_i—™__™_™™___™—
Net
1943
—_———$5,600,000
!
earnings
157,
1,461,188
266,921
♦Combined corporate, receiver and trustee accounts.- ;
412,657
.
Gross
$3,790,870
—_
——
710,091
1,158,513
140,516
liability™-
♦Deficit,—V.
Net
payable
accrued™
liabilities
Total
1943—Month—1942
1943—4 Mos.—1942
$24,045,596 $20,621,507 $87,328,253 $78,?fi6.'*Sl
20,254,726
17,065,360 74,859,941
64,726,193
Gross earnings
864,892
2,468,769
payable-
payable
unpaid
Corporate surplus
Canadian Pacific Ry.—Earnings—
Period End. April 30—
balances
wages
6,101
From January 1—
railway—
railway———
tax
Unadjusted
$112,645
*32,046
oper.
314,146
58,998,735
860,942
accounts
interest
current
Deferred
1942
from
tr_™.
payable
and
20,000,000
197,808
™——
matured
Accrued
Other
-Earnings$102,791
*4.717
3,411
railway
301,412
59,041,383
Unmatured rents accrued
*11,497
*10,070
railway
' 156,004
,
20,000,000
——
construction—™
accounts
598,157
*43,259
*5,556
oper.
50,741
41,436
;;;■
490,861
——
car-service
and
1,405,901
6,414
*23,845
from
Net
Traffic
739,503
*19,455
73,678
From January 1—
Net
835,178
$138,349
116 830
$95,963
;™—__™i__-™™-™™™.X;
of
bills
and
Loans
87,407
railway—T._
$283,410
income—
,'.
\
—
aid
Long-term debt
118,832
railway——
ry.
stock
in
Grants
$308,523
1943
from
Net
railway-—.
oper.
54,791
43,681
25,305
—
124,974,719 115,183,132
1,750,566
1,923,143
861,995
686,797
1,932,426
income—.
p.
from
Gross
railway——:
from
Net
157,
Prop, retir.
1941
1942
1943
.
assets
_
1,679,340
1,838,061
supplies.™.
:
receivable——
dividends
assets'.
Audited
Canadian Pacific Lines in Vermont-
Other
Burlington-Rock Island RR.- -EarningsGross
247,627
203,177
Week Ended May 21—
Offering—R. S.
Dickson & Co., Inc., on June 2 made a secondary offering
of 3,241 shares of common stock (par $1) at $30y4 a
share.
and
and
Common
$463,636
193,564
152,847
$547,336
213,740
railway
railway—
oper.
Traffic
Corp.—Secondary
Mills
34,308
246,656
,2,176,578
Unadjusted debits
1940
1941
268,231
-
from
Net ry.
oversubscribed and books
closed.—V, 157, p. 1939.
Burlington
income
oper.
from
Net
Lehman
—
Co. on June 1 offered 6,183
of common stock (par $5) as a secondary distri¬
at $44 Vi a share.
Concession to NASD members
$1
was
145,367
4,955,917
Net
Brothers and Hallgarten &
shares
of $1.75
From January 1—
Gross
Cargo, Inc., at Bristol, Pa.—V. 157, p. 1646.
bution
dividend
quarterly
1942
$586,994
railwayrailway——
from
>.'■
Stuart
regular
1943
April—
Net
Brewster Aeronautical Corp.—New
Ira
the
422,232
receivable——™——
accounts
cumulative participating preferred stock, payable
157, p. 1738.
April—
(before
earnings
Net
-V.
declared
receivable.
231,493
current
Other
balances
car-service
16,013
7,188
—————.....
receivable from agents and conductors™
Interest
Canadian Pacific Lines in Maine—Earnings—
6,979,414
7,315,987
1,761,532
1,850,026
Operating expenses
and
Material
$4,087,999
from oper.
earns,
also
$
600,000
2,170,355
———- —
holders of record June 15.—V.
to
*1941
106,391,948 106,417,951
3,511,107
8,149,106
investments—™__
—
Miscellaneous
holders of record
last, and in each
payable June 30 to
paid on March 31,
were
cash,
receivable™—
Deferred
share on the 7%
Gross
Gross
both
*1942
—
-
—
bills
and
Net bal.
cents per
25
$1,393,987
Sheet, Dec. 31
Balance
-X™——
——
Traffic
quarterly dividend of 25 cents per share
usual
27
May
on
of
3,634,676
$3,983,779
*
accounts.
corporate, receiver and trustee
Special deposits
dividend
4,473,069
profit and loss
Liabilities-
Inc.—Changes in Personnel—
Bond Stores,
the
stock,
amounts
directors
The
per
June 30
The
Like
extra
$5,028,663
$
Temporary
during 1942.
quarter
—V.alia5n7?p.~26377
to
common
15.
June
an
643,602
$8,456,847
■;
157, p. 1738.
declared
1
June
on
$4,385,060
744,868
Assets—
Canadian Celanese Ltd.—Extra Distribution—
The
$7,711,979
—
11
Investments
rate from $1.75
dividend
118,319
income—
gross
General
share on the $2.10 cumulative participating preferred stock, par
$25, payable July 10 to holders of record June 22.
Under the plan to eliminate dividend arrearages on the $1.75 pre¬
ferred stock,
which was recently approved by the stockholders, the
accruals of $9.55 per share were eliminated through a cash payment
178,007
124,012
income———.
-----
balance transferred to
Income
188,983
_™———™______—.
per
549,000
mtge. bonds
inter. & deduct.
on
income
income
Gross
Loans
$156,734
operating
railway
Deductions from
Canadian Car & Foundry Co.,
The
from railway operations.—
accruals™—™—™—_—
tax
Non-operating
1806.
p.
___™
;^-XXfUXXJl™ "'18.969,814
Railway operating income—_
Equipment rents (net) (£>r)_____—™™_—
Joint facility rents (net) ■ (Dr)™——_
,
.
operating
operating" expenses"
Net revenue
$533,972
208,501
$504,400
—_
—
revenues
Railway
100,154
216,718
tax-———
■
——
*1941
*1942
$29,503,084 $22,336,739
16,027,243
1,959
————————
bonds
mortgage
discount
$1,223,285
11,122
$1,575,324
Gross income
3906.
-Annual Report—
Central of Georgia Ry.
——
c-'
__—.
interest
of debt
Amort,
634,654
68.362
investments
Other
first
installment
Miscellaneous
$9,307,664
5,749,151
68,232
-—
—-——™-■
retir. res. approp.
of
315,367
1,017
operation-
——i.™__
corporate
Interest
—V.
$817,500 $10,702,748
498,042
6,598,888
600.210
expenses
taxes
taxes
Prop
from
earnings
1943—12 Mos.—1942
1943—Month—1942
$960,643
follows:
as
$184,332; total, $4,745,008.—V. 147, p.
100,678
249,921
328,128
depreciation
income
Other
Dividends
Birmingham Electric Co.—Earnings—
Period End. April 30—
Amort,
45,846
113,613
-
for
.
Other
1,163,212
38,681
will be applied
Calendar Years—
Net
Net
Federal
:
—
taxes
Provision
$2,934,200
chargeable
—
—
funds
totaling $4,546,672, plus other
the sales,
from
proceeds
Redemption of its $2,834,000 of 5"to bonds at 101, $2,862,3401 retire¬
ment of its 15,000 shares of 5%
preferred stock, $1,500,000; payment,
of other liabilities, $198,336;
and to distribution and liquidation to
common
stockholders'(Federal) and payment of estimated expenses,
2037.
152, p.
Operating
Operating
___™
expenses.
249,828
Maintenance
Miscell.
-V.
.'
and
engineering
construction (Cr)
to
^
249,592
279
60,525
3,769,940
226,944
4,791,992
171,226
.
———/-—
.i—
credits
Unadjusted
—
™
liability———————
tax
current
Profit
payable
matured
Interest
Other
and wages payable——.
accounts
Miscellaneous
226,636
556,694
13,924
253,462
250
52,187
payable--,—™
balances
car-service
accounts
Audited
1943
$3,103,718
1,227,545
*
■
w—
Lake & Linesville RR.
& Lake Erie RR. Co. pfd,
9,999,200
800
74,650
2,000,000
26,762,000
286,265
578,846
95
Co.
Bessemer & Lake Erie
Pittsburg,
The
$500,000
9,999,200
800
66,700
2,000,000
& Lake Erie RR.
Bessemer
Stock
1
Central Arkansas,
of
1942
-
April 30—
12 Months Ended
'Common stock:
Monday, June 7, 1943
CHRONICLE
THE COMMERCIAL & FINANCIAL
2144
materials
and
rents,
notes receiv¬
and
supplies,
$25,946;
de¬
$4,505,000; 3Vz% serial notes, due Aug.
1, 1943, $100,000; accounts payable, $57,293; consumers'1 deposits—re¬
fundable, $7,854; notes receivable discounted (merchandise contracts),
$96; accrued interest, $29,189; accrued taxes—State, local and Federal,
$137,841; other accrued items, $15,669; deferred credits, $6,519; re¬
serves, $1,048,565; $6 preferred shares—cumulative (13,972 shares no
par), $1,301,480;
surplus appropriated for increasing shareholders'
equity, $62,350; common shares (20,000 shares, no par), $1,000,000;
earned surplus, $600,946; total, $8,872,802.—V. 157, p. 1646.
Liabilities—Long term debt,
Central RR. of New
April—
Gross
from
Net
from
Net
ry.
railway
railway-——™
oper.
income—
From January
Gross
ry.
oper.
income
♦Deficit.—V.
1942
$4,977,461
1,825,027
998,303
20,686,185
5,792,086
2,140,802
17,142,622
4,931,816
2,074,756
1941
1940
$2,976,209
$2,712,705
560,964
543,570
107,086
*61,212
12,754,247
11,553,840
2,927,958
2,752,288
346,134
1—
from
railway.™-™
Net from railway
Net
Jersey—Earnings-
1943
$5,381,016
1,709,608
627,364
157,
p.
426,220
1738.
Charleston & Western Carolina Ry- -EarningsApril—
Gross
Net
from
from
Net ry.
railway™,
railway
oper.
income
From January
Gross
from
Net from
Net
—V.
ry.
railway
p.
1,491.034
660,780
351,361
1941
1940
$252,586
$240,480
96,214
77,095
60,057
46,914
1,268,341
497,071
1,061,926
904.416
437,380
253,332
312,535
284,363
138,621
1—
railway
oper.
157,
106,656
1942
$341,762
142,640
92,538
1943
$388,911
178,680
income
1738.
.Volume 157
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4183
General Balance
Chesapeake & Potomac Telephone Co. of Bait.—Earns.
Calendar Years—
service
service
Toll-
—!
revenues
revenues--;
*
Miscellaneous,
Uncollectible
$16,485,086 $15,207,100
5,652,334
4,056,596
925,950
846,715.
*
***—
revenues
,**<.**!...-—*■
operating revenues
(Or)*
59,028
68,866
-
Total
operating revenues—-:
Current maintenance
—
—
Depreciation
$22,994,505 $20,051,384
3,907,929
amortization expense—----J.
and
Traffic -.expenses.
Commercial expenses
Operating
rents
3,507,446
3,186,891
—-
2,867,030
3,879,710
1,702,323
177,575
5,058,129
1,889,615
—
182,682
,
General and miscellaneous expenses:
Executive and legal departments——
benefits
under
license
184,776
159,735
contract——.
319,007
279,091
240,385
173,310
128,779
1——
—-
Expenses charged to construction (Cr )-*_*..-
rCvenues--J-^:w-^i;^-*.--;---.
Net operating
- income
'
Federal
206,403
$6,225,336
1,049,351
$6,786,642
1,585,445
taxes--.—
***—***.*!——****'
2,215,294
2,174,742
operating income—;.XX—-***——
Other income ****X„**:_*—*———*—***/:
$2,985,904
$3,001,242
Other, taxes
———
Net
Miscellaneous
deductions
from
income—.
income
Earnings
transferred
to
surplus——
.—'*_*_
share*—.
per
.**——*i.
16,077,686
18,898
12,260
4,650
281,564
"76~995
.1,759,348
6,658,773
1,935,989
5,026,053
Deferred 'assets
supplies
receivable
Other
current
1,918,279
3,243,932
17
assets--———
assets
Unadjusted debits
— *__
***—**„_—
—
—
—
Total.
XV'; .'!•
shares)
*_*
105,088,834 105,088.721
1,190,073 shares)—— 119,307,300 119,307,300
Grants in aid of construction—*—**—*^.*
2,582,047
2,479,559
Funded debt unmatured-*-*—**——****—** 434,061,154 435,5a7,119
Long-terra debt in default**—13,895,662
14,033,462
Loans
(no par,
stock
stock
(no
1,174,060
and
24,053,000
20.019,000
—
bills
payable—*———
3,500,000
Traffic and car-service balance Cr—2,934,287
Payrolls and vouchers—:
1
.**
8,298,721
Miscellaneous accounts payable.
——_*****
263,852
3,500,000
1,782,777
—
8,733,741
257,882
—
75.705
26,538
542,168
Interest
$2,518,773
$5.04
$2,508,240
$6.27
Accrued
matured
unpaid.—:———****—**
Unmatured
interest
rents
Other
tax
1,001,280
431t935
2,462,684
.*_**—
2,518,934
accrued***!;.*'***—-**-—*X "X .304,660''
liability.——*.—*****—*!*.
291,394
12,132,037
5,178,474
1,652,725
i.*—185,762,366
765,148
183,909,863
90,926,827
73,981,568
163,482,052
liabilities
Unadjusted credits
<
—
*_
—
Corporate
Liabilities—Capital stock, $50,000,000; advances from American Tele¬
phone & Telegraph Co., $8,475,000; notes sold to trustee of pension
fund, $1,486,766; advance billing and customers' deposits, $517,934;
accounts
payable and other current liabilities, $1,736,265; accrued
liabilities not due, $2,210,671; deferred credits, $18,388; depreciation
Gross from railway.*!.* $17,703,182
Gross
and amortization reserves, $16,404,810; contributions of telephone plant,
$14,900; unappropriated surplus, $2,574,683; total, $83,439,418.—V. 153,
p. 1360.
" ! 4 '
'' '' ; -''V - :X.
X'.'
—V.
(deficit)
surplus
7%
——
—
6%
Common
Grants
Year to Date
Earnings for April and
April—
Net
1942
1943
from
railway-—**_
Net ry. oper. income—
1943
Audited
Net
from
7,089,929
5,326,117
Net
$17,016,858 $11,258,435
7,306,348
3,453,433
3,628,337
1,674,679
railway***.
from railway.—*,
Net ry. oper, income**.
From January 1—
Gross
from
Net from railway**.**.
66,596,465
31,146,251:
Net
15,624,083
ry.
—V.
railway.**.
income...
oper.
.
44,267,456
15,855,562
7,510,673
1940
$7,173,520
1,696,878
673,668
1,278,381
33,323,788
29,860,835
9,950,538
2,637,055
200,672
9,770,189
5,704,911
157, p. 1739.
1,931,700
income.**
51,357,239
39,385,892
34,420,687
16,394,748 .11,876.171
7,630,126
3,314,443
9,450,901
7,753,988
N.
dividend
A
of
$1.25
accumulations on
per
share
has
been
declared
account
on
of
the 5%
Chairman of the Board,
Brown,
states in part:
gross revenues, $137,067,138, were less than in the years 1926
to 1929, inclusive, but the amount available for interest, $35,764,323.
after
accrued
taxes, exceeded by some $10,000,000 the comparable
figure for the highest previous year, 1929.
The heavy movement of
traffic
was,
of course, due to the war emergency, and the Rock
Island, like all the railroads, has been doing a splendid job in the
national crisis.
But the ability to translate such a large proportion
of gross revenues
into net income is the result of most efficient;
"The
connection with an improvement program which has
efficiency of the property to a very remarkable extent.
operating expenses to operating revenue in 1928, which
lowest in the decade prior to the depression, was 73.12%;
operation,
Chicago Great Western Ry.—Accumulated Dividend—
increased
in
the
The
was
the
of
ratio
cumulative preferred stock, par $50, payable
June 30 to holders of record June 16.
This compares with 62J/2 cents
in
share paid on March 31, last, and on Sept. 30 and Dec. 28, 1942,
the only payments made Oh the aforementioned issue.
/
approximated
per
The stock carries cumulative dividends at the rate of 5%
from Jan.
per annum
1, 1941, whether or not earned, until dividend accumulations
not exceed 15% .•
total but do
,
Earnings for April and Year to Date
1943
$2,661,108
1,061,038
303,975
April—
railway
railway
-**
Net ry; oper. income..*
From January 1—
Gross from railway****
Net from railway
Gross from
Net from
Net ry. oper.
—v.
157,
9,758,187
3,694,697
1,164,172
income.**
1739.
p.
7
,
1942
1941
1940
$1,936 405 $1,623,128
$1,436,809
640 840 ;
506,402
360,388
249,142 7
191,155 /
85,710
7,723,131'
2,384,045
859,156
;xxx
6,474,755
1,972,473
743,968
1942 it
"At
61.71%.'
was
end
the
of
Unmatured interest accrued.**—**
Unmatured rents accrued
—
Accrued
Other
the year,
cash
about
$25
March
share
a
the
15
Western
U.
Pacific
1942
1943
April—
railway—*
$1,152,216
$936,332
Net from railway—*—
459,401
311,542
Net ry. oper. income—. y. 330,987 y 198,774
From January 1—
; ',7 yX:';
.X,:X-"'"'X":
Gross from railway—
4,409,474
3,7.05,555
Net from railway**.*—
1,712.330
1,211,340
"
Net ry. oper.
—V. 157, p.
1,174,608
income*—
1739. Xy-.X
...
721,456
1940
1941
$732,897
196,248
$731,961
:
7:
88,158
7,
201,410
63,665
..'■■'••'X
3,290.157
1,013,531
468,941
3,091,800
848,384
288,785
X.\
the
decision
Court
:
(
1943
1942
railway—. $13,149,186 $10,695,381
3,293,175
Net from railway***—
5,106,291
1,771,068
Net ry. oper. Income***
2,887,210
1941
$6,504,896
1,322,078
"37,429
689,092
From January 1-^!XX:\,
Gross from
Net
49,445,724
17,128,503
railway—-
railway—
from
Net ry. oper. income—
9,444,367
"Deficit.—V. 157, p. 2038.
38,971,046
9,372,211'
5,014,703
30,682,514
26,188,915
7,210,377
2,727,102
"745,860
3,716,759
the
result
the
Government
securities
on
hand
its existing
Supreme Court
the
-Report—
Income Account for Calendar Years
,
.1942.'.
$
Ry. oper. revenues;
Freight
—;** 146,466,550 117,246,205
9,646,900
Passenger *.—*_*—
17,772,714
3,377,247
Mail ::******-***-i**-X. • 3,260,298 :
'
■
Express *****
**X—:
Switching *—_*—*
All
Other
*_*—*_—
Total
*.**
Maint. of way & structs.
Maint.
of
Traffic '
equipment—*
—*
Transportation
Miscell. expenses
**—*
General expenses
******
Transportation
Net
1,718,915
$
95,113,461
8,100,381
3,184,284
1,570,701
3,003,575
3,579,379
3,312,140
2,959,990
5,784,764
4,344,715
3,446,772
1939
$
88,622,160
7,893,798
3,112,376
1,521,840
2,654,757
3,070,449
179,867,280 139,646,122 114,375,589 106,875,380
25,559,185
26,065,126
2,822,846
55,400,318
1,587,866
4,527,923
20,043,659
22,782,449
17,989,750
18,293,695
20,560,370
19,816,655
2,819,676
4,153,625
2,774,772
41,292,552
960,560
3,884,748
2,739,990
40,267,212
945,121
3,800,744
Cr281,682
Cr292,608
1,219,351
rendered
Interstate
its
Commerce, Commission
decisions
these
of
that
is
was
final.
63(904,016
41,880,586
25,701,000
9,236,000
27,205,445
8,720,000
456,818
2,129,168
2,039,741
21,363.566
8,297,000
2,438,838
under
a
reorganization
this
estimate
results
Commission
Court
in
of
to
as
the
justify
for
Court
reconsideration.
was
in
so
sending
These
points
the matter
the
actual
plan back to the
presented to the
The Court at this,
were
,
1942
1941
expenses
—*—„_
_*
3,241,544
2,333,443
2,600,060
2,503,534
Net
oper.
income—*
34,504,654
28,181,975
8,124,194
Total
1,124,193
1,159,422
13,845,644
1,142,225
188,270
401,678
120,876
100,645
35,440,577
14,122,061
28.939,719
14.866,993
9,455,449
income
—.*■—
avail,
Inc.
for
chgs.:
accrued
mtge.
•
Net
—
charges
Conting.
on
Hire
of
14,549,830
14,739,147
adjust,
—
use
other
balance, and
tracks,
:
9,143,685
12,174,831
5,531,334
"Deficit.
9,143,685
9,143,685
*8,826,522 "14,427,383
1,119,648
1940
$9,754,046
2,955,836
2,029,990
$7,495,344
$6,106,449
2,244,207
1,145,784
1,362,848
.243,420
57,069,563
25,241,545
36,874,220
28,479,439
24,580 392
11,166,220
8,020,170
4,459,017
15,563,613
7,679,397
4,741,049
898,581
railway.*—_
6,852,409
Net ry. opei\ income—
From January 1—
Gross
1941
1942
railway—* $15,212,934
3,600,924
••
.
from
railway!—
Net from railway*
Net ry. oper. income—
*
Plan
A
invest,
Interest
5,551,493
income- $36,557,111 $17,616,381
$8,133,477
and
5,822,167
sources
transportation oper.*
Net
income
"Dificit.
other
from
548,788
736,584
•"
Commerce
Commission for reconsideration.
Judge Igoe's ruling said disapproval centered on two phases of the '
plan—a financing proposal and the effective date of reorganization*
.
The
plan
provided for issuance of $11,000,000 of first mortgage
might be sold or pledged to provide new money.
Judge
greatly increased amount of cash on hand since the
plan was certified by the ICG would make this sale or pledge unneces¬
sary,.'!'
X,
'
■■
bonds
Igoe
which
said
the
-
The effective date of the plan was Jan.
in view of the time which
must
1, 1942: The court said that
elapse between the date on which the
which it could be put into effect, the
plan was certified and that on
effective; date "might well be left to be fixed by the reorganization
committee in the light of the time when the reorganization securities
be
will
available
for
be earlier than Jan.
delivery."
It said the effective date should not
1943, nor later than Jan. 1, 1944.
1,
The
opinion added that the court believed that to insure fair1 and
equitable treatment of all creditors the appointment of the reorganiza¬
tion managers should be subject to ratification by the court.
The
1941
court
was
of
because
that
reported
$96,962,498,
and
interest
actual
leaving
dividends
deductions
but
for
gross
revenue
a balance of
providing for
carrying
of
the
$18,149,929
income
no
company
in
available for:
tax
liability
losses.
over
Judge Igoe said the road Would need an annual net income of $14,980,000 for interest and other mortgage requirements and for full
preferred stock dividends before having funds available for common
dividends.
stock
"While
the
as
a
present earnings are considerably higher than $14,980,000,"
opinion stated, "wartime earnings cannot be considered to serve
reliable criterion for the indefinite future."—V.
441,629
sources.*•_*
14,871,674
13,708,383
$8,575,107
14,179,271
Condensed
'v
Income
Account
for
X'v:!-'X;';''';!. 11'' y'-X'X-'.
Calendar
1942
$4,644,583 "$5,604,164
Years
1941
X
,!
1940
Operating revenues—Freight
$19,453,502 $17,072,537 $15,301,579
Passenger **—**—2,692,345
1,670,441
1,584,827
Mail
•
531,247
575,191
467,028
Express
427,766
271,619
262,315
All other ---*^*-**-*!*******_*
625,254
544,734
463,217
—_
*
*
——
Total
operating
revenues
Non-operating income
*
_—*
Total income (all sources)_*__*.
Railway
oper.
expenses
.*
$23,730,124 $20,134,522 $18,078,966
67,771
79,128
67,135
$23,797,895 $20,213,650 $18,146,101
17,658,059
15,624,555
14,952,323
1,517,903
1,443,013
1,372,104
1,372,840
*
1,363,222
2,488,539
2,544,636
*
year**!
for
Income
*
*
Railway tax accruals**'—*—!
Equip, and jt. facll. rents (net)**:
Int., rentals and miscellaneous.*:
$704,457
1,347,670
2,520,881
"$705,679 "$2,046,877
"Deficit.
-XGeneral Balance Sheet,.Dec. 31. ;XS
'^X:!'';:,l'.;
!', !■'•!-'!
1942
:X!:XX.;;X=
Assets—
1941
$89,916,803 $89,086,515
Cash *_**_!.^—*_**_*****—___*__**.*_***
5,343,490
1,921,168
Special deposits _—*__:
105,875
785,395
Net bal. receiv. from agents and conductors—*
451,727
,364,662
Miscellaneous accounts receivable
796,153
330,232
Material and supplies
1,810,285
1,663,284
Investments
*-*_*!——-*—_*_**—-;**—-
*
Other
current
assets
:
—__—*_
56,776
.
assets
Deferred
42,669
43,920
77,472
469,454
debits
Unadjusted
623,835
$98,994,483 $94,895,232
'!',X!!'!;
Liabilities—
Capital
Stock
stock
and
scrip
in
aid
'!■
V^XiXXXX
outstanding******—* $29,816,067 $29,816,067
liability for conversion
Grants
Audited
:
2,879
of construction™****-********
car
service
balances*
accounts
payable—**********
Dividends matured unpaid*********—*******_
Unmatured
Accrued
interest
accrued—.;—
*_**:
liability*—_**___—*_.—***—
tax
current
liabilities—*
******—*—*_—.
liabilities
*—**!——*—*******
Unadjusted credits
—
Deferred
Additions
to prop, through income and surplus
loss—Debit balance*
and
—
*
2,879
175,649
992,263
•
175,725
53,997,610
**********
accounts and wages payable——*—
Miscellaneous
52,917,332
648,240
1,396,174
1,612,068
72,917
52,432
8,072
8,072'
773,046
605,427
771,326
389,578
25,600,682
10,559,556
1,205,964
26,601,401
505,040
129,101
23,003,272
10,407,418
1,211,354
26,365,094
$98,994,483 $94,895,232
—
Earnings for April and Year to Date
1943
April—
Gross from
Net from
railway-
railway-
oper.
income—
1942
1941
1940
$2,147,610
642,572
472,601
$1,695,056
$1,393,541
285,707
225,948
76,813
51,775
8,135
"128,084
8,459,983
6,977,898
1,310,627
5,659,157
5,272,992
2,245,626
942,554
553,105
1,471,408
388,373
50,456
"340,783
$1,235,406
From January 1—
Gross
from railway
Net from
$22,234,225
157, p. 2039.
Chicago St. Paul Minneapolis & Omaha Ry.—Report—
y
Net ry.
$37,105,898 $18,352,966
charges.
all
xxx!';'iX x:
of reorganization of the company under Section 77 of the
Bankruptcy Act was disapproved June 3 by Judge Michael
L. Igoe at Chicago.
The cqurt announced that it would, on motion
of interested parties, order the plan referred back to the Interstate
5,713,412
income
and
Rejected By Court—
plan
Federal
Total!
joint
operating
from
than
of
terminal facilities****
railway
Income
Total
9,143,685
1,092,995
*
,Dr72,961,163 Dr88,401,046
$42,379,278 $23,167,875 $13,846,889
i—
equip.—debt
for
yards and
Net
14,264,700
income
interest
bonds
income
1,431,900
from
Net
Profit
rents
i
fixed
charges
Fixed
Rents
from
deducts,
1943
from
Other
debit
income
_
surplus.
********
—*——**_;.**X**—_—*X_i—** 574,931,241 537,159,085
Traffic and
'
net
Miscell.
*
Long-term debt _*—,—_***_**_***—__*—*:,
———*-$137,067,138 $96,962,499 $80,701,923
—*
:
84,589,244
69,105,057
62,391,444
11,465,449
5,860,230
5,568,229
revenues
*
*
the
of
Calendar Years
1943
Taxes
short
far
and briefs on the plan.
under consideration."
argument
our
writing has
Commission
the
Railway operating income******* $41,012,445 $21,997,212 $12,742,248
from
use
of
joint tracks,
1,366.833
.1,170,663
1,104,640
yards and terminal facilities
*1
Other
*
—
.*•:**.*.
*■———,
April—
The
the
Operating
Operating
from
revenue
railway operation—
Raiway tax accruals.*
Equip, rents—net debit
Joint 'facility
rents—
liabilities
liabilities
to prop, through income &
and loss——„'«*—**•
Gross
However,
on
decisions in the
stockholders; and that, when prosperity returns (during
the very pendency of the proceedings)
the stockholders are denied
all benefit of the increased revenue, on the ground that the
'up¬
swing' is 'temporary.'
The 10-year depression, ended only by ' our
own
entry into the war, was considered to be temporary, but its
results were crystallized in a capital structure entailing in our case
the destruction of some $150,000,000 of actual investment.
The war,
we hope, is temporary; but the 'up-swing' should be reflected
in any
estimate of the capitalizable value of the company's properties.
"So far as the stockholders are concerned, the Rock Island case
differs in one respect from the Milwaukee and Western Pacific cases.
In our case, the Commission found that, on gross revenues of $100,000,000, a normal year would produce earnings available for interest of
approximately $11,000,000.
As a matter of fact, in 1941, gross earn¬
ings of $96,962,498 produced a net income before interest of $18,149,929, which is about 65% in excess of the Commission's estimate.
In reaching
this estimate of $11,000,000, the Commission not only
closed its eyes to the existing earning power, as the current earnings
proved, but, gave no consideration to the increased efficiency of
operation resulting from
the expenditure of some $50,000,000 in
.additions and betterments to the property and in the purchase of
new equipment.
The very remarkable earnings described above are
in part attributable to this improvement program, as well as to the
increase
in
traffic resulting
from the war.
It seems to us that
ating
Consolidated Income Account for
*—
*
*
Unadjusted credits
Profit
stock.
common
that
Cr351,603
47,028,458
.»*_—.
*
***——*— *V-
Additions
Milwaukee, St. Paul and Pacific
regret to inform1 you that in each
rates)
in¬
for
vestment
.
1940
1941
current
*
:*.
—*
Chicago,
.
Chicago, Milwaukee, St. Paul & Pacific RR,
liability.—
■
designed for the relief of debtors, a company may be recapi¬
by the Interstate Commerce Commission (the body which fixes
on the
basis of its depression earnings, thereby elimin¬
talized
$8,464,062
2,287,914
of
also
held
statute
April—
>.'■
changed circumstances resulting from war-time
earnings were not sufficient to overturn the judgment of the Com¬
mission as to proper capitalization.
Chicago & North Western RR.—Earnings—
Gross from
.
proceedings.
We
of those decisions it upheld the findings of the Interstate Commerce
Commission, that the stock of the debtor railroad had no equity
in
the property, and stated in effect that the order of the Com¬
mission fixing a maximum capitalization for the new company con¬
stituted an
adequate valuation of the property for reorganization
purposes and was a matter affecting the public interest in
which
"The
1940
and
on
S.
and
reorganization
Gross front
tax
Deferred
"Under ordinary circumstances,
this picture would be most en¬
couraging to the stockholders.
The 1942 earnings were approximately
three
times
the
interest charges on the company's funded
debt;
stated in another way, the system in 1942 earned the fixed charges
on
its old debt,
full dividends on its present preferred stocks and
:xxx
Chicago Indianapolis & Louisville Ry.—Earnings-
.
.
$40,000,000, after the payment by the trustees during
the
year
of $9,831,116 of their equipment obligations.
Since that
time the cash has susbtantially increased.
^
"The property is in excellent physical • condition, considering the
amount of traffic it has handled during the year.
On account of
the manpower shortage and the difficulty in obtaining maintenance
materials, it was necessary to defer a certain amount of maintenance,
which the trustees have protected by a cash reserve.
5,743,842
1,265,655
163,449
wages
157, p. 2038.
E.
$8,515,720
—
—
payable
Miscellaneous accounts payable.*
Interest matured unpaid.——
1940
$8,525,491
1,481,466
418,424
2,603,113
1,666,237
3,814,561
68,912,660
28,552,171
18,899,829
railway**.*
oper.
and
.
from railway—*1.
Net ry.
construction
accounts
29,416,889
29,416,8891
25,115,900
25,115,900
74,359,722
74,359,722
3,999,184
4,019,281
317,628,101 321,749,413
5,822,635
5,822,696
692,592
540,445
98,896
89,410
407,960
453,264
233,957
288,571
8,531,799
3,075,676
998,510
636,061'
120,881,198 108,352,062
58,612,066
50,521,092.
Earnings for April and Year to Date
1941
$13,162,980 $10,045,774
Chicago, Rock Island & Pacific Ry.—Annual Report—
1941
1942
aid of
in
—
*—
*_*****—___—**
*
From January 1—
Chicago Burlington & Quincy RR.- -Earningsfrom
stock
Long term debt***.*——*—*!**_*—*,*;**1
***
•
April-—''1"':
,—****—
—
840,711,384 807,935,045
:**—**—
......—
—
574,931,241 537,159,085
—
———
preferred stock***——
preferred stock—*———
Total
Total
,
954,596
2,884,282
173,975,830
liabilities—
current
Deferred
accrued
1,646,143
8,699,998
i—**—*
:.*
Liabilities—
—
par,
securities
Trustees'
:: Total
':
Liabilities—
Common
Preferred
_*
;*—*•***—*—*.
—
L*.**—840,711,384 807,935,045
******—**-;*——*******•
.
—
.
.**
Unadjusted debits
Assets—Telephone plant, $78,963,924; miscellaneous physical property,
$108,972; other investments, $50,100; cash, $239,810; special deposits,
$76,080; working funds, held by employees, $13,998; accounts receiv¬
able, $2,862,450; material and supplies, $820,868; prepayments, $269,480;
other deferred charges, $33,737; total, $83,439,418.
Gross
$
——1—*—**__'_
and
Material
72,494
.
1941
$
Investments
Interest and dividends receivable——
Rents
4,318^321
4,026~965
,*„
Due from agents and conductors-*-.
Miscellaneous- accounts receivable—*.
329,911
Balance Sheet, Dec. 31, 1942
.
3t
8,468,707
17,271,725
2,839,590
receivable.
bills
Unmatured
Net
Sheet, Dec.
1942
5,00U,00U
*„
—
and
209,714
—-
deductions********i*i.-X*.X_i*X***!.*'.
Interest
■
Balance
Assets-
742,273.511 739,851,774
52,107,651
35,473.7 U
—
Temporary cash investments
Special deposits
—***<—
538,541
*****_»_*:—* •
:
——.
Services received
Other general expenses-:
640,526
502,174
Accounting and treasury departments
—*"
Provision for employees' service pensionsEmployees' sickness, accident, death & other
$
506,954,975 503,421,398.
16,445,942
16,848,913
Temporary cash Investments*—*1**—"—**—■ 22,401,458
Special deposits 1
1*
1,181,245
9"2T,392
Loans and bills receivable
I—I
317
3,119
Traffic and car service balances (debit)—*
865,775
581,078
Net bal. rec. from agents & conductors1,513,585
830,458
Miscellaneous accounts receivable*—;
5,438,701
2,7.77,293'
Material and supplies—*
.———v.*
9,614,365
7,836,921
Interest and dividends receivable———*—*
65,026
16,018
Rents receivable
*———**.
15,428
16,647
Other current assets
85,481
66,773
Deferred
151,694
150,400
759,187
**'*
Investments
Loans
'
General
1941
$
Assets-
,
Local
Sheet, Dec. 31
1942
1941
1942
"
2145
Net ry.
*
railway
oper. income—
"Deficit.—V. 157, p. 1739.
Monday, June 7, 1943
THE COMMERCIAL & FINANCIAL CHRONICLE
2146
of Re¬
Southern Air Lines, Inc.—Director
&
Chicago
important steps in the evolution of plans toward integration and
simplification of corporate structure/
.'/• v.,"\[\
are
,
,
search and Planning—
William
District Traffic Manager,
has been ap¬
of Research and Planning.
He will be succeeded by
New Orleans District Traffic Manager.
Th,e newly-created office of Research and Planning established In
Chicago on June 1 will handle all phases of company research and
planning activities and will deal directly with an immediate subject
of post-war
air cargo transportation and the planning of post-war
expansion of new routes, it was announced.
Burrell <yveber,
Shreveport District Traffic Manager, assumes the
duties of W. R, Gillen at New Orleans.
Forrest Campbell, City Traffic
Manager at Houston, takes over Mr. Weber's duties at Shreveport, La.-—
V. 157, p. 1940.
; V:'.; '"""
jv.y
: V;
R.
Gillen,
Subsidiary Companies—
Gross
revenues
a—4—
and
other
Taxes,
income
Federal
Fed,
4,471,876
Hearing
of the corpo¬
of $4,446,000. v
dividend was-,
declared on May 25, 1943, and is payable, on the 28th day after ap-;
proval by the Commission, to stockholders of record at. the close of,
9,782,454
10,075,616
The
of Sept. 1, 1943, for the
fund
sinking
2,689.243
2,685,663
3,897,286
5,485,171
8,805,397
6,771,166
5,087,528
15,223,144
11,214,726
income
oper.
1943—3 Mos.—1942
Period End. Mar, 31—
Total
operat.
7,909,943
5,612,098
52,373
23,200,928
18,946,344
34,434
157,673
246,070
7,944,377
5,664,471
23,358,601
1,199,838
1,332,538
615,862
4,754,370
states, tact
2,457,078
19,192,414
5,271,909
2,455,520
4,188,902
17,396,409
13,290,033
ment incidental thereto of the
taxes
t
■
corporate Inc..
fixed Chgs,
Pfd. div. & minor, inter.
oth.
&
Bal.
applic.
tric
615,988
6,508,775
corp..
,
3,10.377
859,706
1,180,923
473,654
3,505,114
3,446,860
2,545,988
11,461,116
7,544,470
paid y—6,453,640
share of common stock
6,459,665
75,503
819,613./,
■
Inter, & oth. fixed chgs.
1943—12 Mos.—1942 /
Consol.
net
7,474,189
26,442,235
26,475,954
$1,467,381
4,229
$1,205,919
$5,358,674
$4,093,791
2,360
16,098
14,343
Consol.
5,233,434
income—
dividends
Preferred
7,824,083
earnings
revenues-
income
inc.l
$1,471,610
$1,208,278
$5,374,772
$4,108,134
chgs...
389,344
376,454
1,484,866
1,551,498
.....
$1,082,266
$831,824
$3,889,906
$2,556,636
500,000
500,000
2,000,000
2,000,000
$582,266
$331,824
$1,889,906
$556,636
corporate
and
amort,
&
divs.
paid........
or
and its
Bankruptcy
of
Corp
Gasoline
Pipe Line Co. or its sub¬
Fuel & Power Co. has
neid by a trustee under the
bankruptcy have also been ap¬
American
assets
Trustees
Act.
&
Eastern
charter
former
Oil
are
—V.
.......
in
Columbia Gas & Electric Corp., and Panhandle
Co./ certain of whose securities were owned by
Corp., had been held by an Order of the
Securities and Exchange Commission to be subsidiaries of the corpora¬
tion as defined in the Public Utility Holding Co. Act of 1935, but it
157,
Div.
Cincinnati, New Orleans & Texas Pacific.Ry.—$4
directors have declared
The
mon
stock,
Like
amounts
were
$5
to holders of record June 8;
24 and Dec. 19, last year,
20, 1941, and $3 on June 25,
payable
June
24
disbursed
on
June
$20,
par
with
compared
dividend of $4 per share on the com¬
a
share on
per
1941,
Dec.
■
Earnings for April and Year to Date
from
Net
Net
ry.
—V,
1940
$1,491,166
719,540
545,858
369,698
441,211
382,984
12,045,600
5,913,659
8,746,237
6,925,730
6.017,105
3,461,508
2,873,163
2,207.866
1,854,122
railway
1,618,090
1,953,312
1,641,458
income—
oper.
1740.
157, p.
RR.—Earnings-
Clinchfield
Net
ry.
$705,147
$743,485
619,421
362,271
405,694
502,997
4(74,891
300,767
335,023
$1,137,713
railway...—i.
from
Net
$1,009,797
574.973
railway..—
income...
1—
from
oper.
1940
1941
1942
1943
AprilGross
1941
1—
railway..—
from
from
Net
$1,760,906
1,066.808
income...
oper.
ry.
1942
$2,444,926
1,437,240
298,673
railway..—
railway.......
From January
Gross
>
1943
$3,014,940
April—
Gross
Net' from
*
From January
Net
from
Net
ry.
-r-V.
1,781,726
1,763,695
1,739,862
1,473,756
income—
1740.
p.
3,104,927
2,016,488
2,060,451
railway
oper.
157,
3,919,996
2,174,135
3,445,712
2,527,225
4,519,087
railway
from
Gross
Oil
Gasoline
&
of the corporation to consolidate in its income
companies wherein the majority of the common stock
is not owned directly or indirectly by the corporation.
On March 30,
1943, Columbia Oil & Gasoline Corp. transferred all its investments in
its five oil subsidiaries to the corporation and otherwise disposed of
its investment in Panhandle Eastern Pipe Line Co.
The oil subsidiaries
now
become direct subsidiaries of the corporation and their income
is
the
not
accounts
earned
practice
any
subseyjnt to March 31, 1943, will be included in the consoli¬
dated
Div.—
declared an interim dividend of 50 cents
per share on the common stock, payable June 25 to holders of record
June 11.
A similar distribution was made on March 25, last.
Pay¬
ments in
1942 were as follows:
March 25, 75 cepts, and June 25,
directors
27
May
on
50 cents each.
4
rthe usual quarterly dividend of $1.75 per
preferred stock, payable July 1 to holders of record
Sept. '25 and Dec. 24,
share
the
on
157,
18.—V.
June
of
All
bonds
and
interest.
general
in
Commerce
any
Winnipeg, Canada.—V. 137, p. 4364.
>
mortgage
20-year
sinking fund
of July 1,
Payment will be made at The Canadian
of the Cities of Toronto, Montreal or
'
•
.
is
Co.
no
designed to settle the various problems associated with
the
corporation's interest in
Columbia Oil & Gasoline Corp. and
that company's interest in Panhandle Eastern Pipe Line Co.,
was
consummated on March 30, 1943.
At that time, Columbia Oil received
from Phillips
Petroleum Co. $10,500,473 in cash for its holdings of
Panhandle
common
stock and $1,015,000 in
cash from Panhandle
for its holdings of Panhandle class B preferred stock.
Columbia Gas
received $8,886,533 in cash from Columbia Oil in payment of $8,800,000
principal amount of Columbia oil debentures, plus accrued interest, and
$2,084,491 in cash, the latter sum being the balance of Columbia Oil
cash after depositing $2,336,826 for distribution to Columbia Oil com¬
mon stockholders upon
surrender of their certificates for cancellation,
and leaving
$300,000 with Columbia Oil pending the completion of
The
Columbia
of
all
received
also
Gas
'
•
.
.
Oil's
interest,
repre¬
1
-
■'■*._
_
r
.
•_
.
Operating revenues
Columbia Gas in Columbia Oil, representing
had invested in Panhandle.
In February,
1942, the investments of Columbia Gas in Michigan Gas Transmission
Corp. and Indiana Gas Distribution Corp.
were liquidated in full.
During the period over which these investments were held by Columbia
Gas its annual return from all of them average approximately 6%.
by
made
investment
all the funds which the latter
by the rules of the SEC under
Utility Holding Co'mpany Act, the corporation has acquired
for cancellation, since April 1, 1943, $862,000 principal amount of its
25-year 5%
debenture bonds, due May 1, 1952 and $915,000 of its
debenture bonds 5%
series, due 1961.—V. 157, p. 1940.
---v :V.
granted
exemptions
to
Public
Operations
...
Maintenance
..
,
taxes—
$416,692
180,896
37,880
18,317
33,790
—-
——
33,400
15,338
34,108
——
———
Federal income
1942
$443,124
203,969
—-—
______——
taxes
Gross
operating
Utility
accruals———
$97,865
$60,980
—
$158,246
60,381
$91,343
30,363
—
———r
reserve
$152,950
5,296
$153,470
62,127
——-—
—
income
Retirement
$149,167
4,303
income.....——.......
Other income, net
Gross
—-——
——
1942
1941
1940
$127,788
$107,054
$106,182
Net
railway——
from
24,548
"6,349
26,622
27,438
Net
income
$67,533
—__
.
deductions
—_—
ry.
income___
1—
9,332
'"11,186
14,216
17,212
railway——
519,842
Ll 123,656
50,039
412,199
409,053
408,310
36.055
81,220
80,072
"7,582
40,879
24,363
oper.
from
Net
from
ry.
30,332
,
railway.
income-—
"Deficit.—V. 157, p. 1741.
oper.
income
Utilities
r-V.
from
subsid." applic.
Corp.
to
Colonial
———
Columbus
Southern Ry.—Earnings—
railway——1
1943
$1,112,538
428,510
income.—
248,262
4,265,379
1,687,646
2,891,950
873,438
1,016,711
550,510
railway—
from
from
ry.
1940
$498,329
90,154
4,371
oper.
2,353,931
-674,103
301,070
2,029,573
410,713
From January 1—
from
Gross
Net
from
Net
ry.
—V.
railway...v
railway
oper.
157,
1943
—^
revenues
Operation
—-
Maintenance
1942
$16,011,948 $14,454,810
5,727,674
5,040,601
952,580
1,159,065
—---■—-—
the
on
increase of. 29.1f;r.
Local distribu¬
electricity amounted to 175,100,000 kwh., compared with 133,-/
kwh. for the corresponding week of last year, an increase of
30.9% .—V, 157, p. 2039.
.
corresponding week of 1942, an
tion
of
800,000
Consolidated
Electric
Gas
&
Liquidaf
Co.—Step In
The company has
petitioned the Securities and Exchange Commission
for authority to sell to Texas Public Service Co. all the 4,950 shares
of common stock (par $100), of Peoples Gas Co.
The proposed pur-"
chase price is given as $1,246,000, subject to adjustments for dividends
and net income after April 30, 1943.
Consolidated will use the proceeds
to
and
acquire
and
collateral
tion
Southern Cities Utilities Co,, 30-year first lien5% gold bonds, due April 1, 1958, assumed by
proposed sale is described as a step in the liquida¬
retire
trust
Consolidated,
The
157,
Consolidated.—V.
of
Consumers Power
Period End.
Gross
1943—Month—1942
$4,639,357
Operating expenses ■'
1943—12 Mos.—1942
$4,287,562 $54,015,240 $51,475,018
1,389,056
19,964,118
18,903,144
1,647,658
567,290
561,040
1,328,864
1,342,833
Deprec. & amortizationtaxes
\
780.
Co.—Earnings-
April 30—
revenue
General
p.
y
7,499,324
Fed.
income
$1,095,545
—
Int. & other deductions,
3,347,302
4,011,112
7,361,624
profit taxes
excess
6,650,817
3,080,095
2,749,705
Federal income taxes
5,054,934
$994,634 $13,360,373 $13,507,708
387,730
5,690,907
4,577,096
:/•
387,701
Net '-income
Divs.
on
$707,844
pfd. stock
$606,904
$7,669,467
285,389
285,389
3,424,817
•_
$8,930,613
3,424,816
:
Amort, of pfd. stock ex¬
pense,. etc.
,-yy^iy
./ Balance
—V.
,
65,278"
^
-
$422,455
„
$256,237
$3,722,423-
Continental Gas & Electric Corp.
$4,722,458
p.
_
income
1740.
32,322
Net
1943
1942
, ;
Subsidiary Operating Companies—
,,
$41,631,423 $40,195,736
Operating revenues
Operating expenses
23.283,901
and
income
excess
22,543,575
3,524,568
State, local and miscellaneous Federal taxes-—
State
income
taxes.—
Z
3,552,553
'
88,166
98.251
4,474,508
profits taxes_____—
earnings from utility operations..—:
Other income, net
3,589,145
$10,260,281 $10,412,212
Total
net
53,950
:
earnings—
Interest & divs.
securities held by
on
70,182
$10,314,230 $10,482,394
public, etc,
3,682,703
3,945,544
$6,631,528
Balance
Continental
Income
$6,536,850
Electric Corp.—
Gas &
from
interest,
dividends, etc
48,375
—
30,488
$6,679,903
—
$6,567,339
Interest on securities held by public, etc.______
2,913,227
2,969,323
income—$3,766,675
prior preference stock.—_______
1,320,053
$3,598,016
Consolidated
Dividends on
net
Consolidated
balance
;
____——
$11.41
1,798,410
Consolidated earnings per share of com. stock__
1,402,569
—V.
$3,375,725
1,162,654
$3,725,778
428,135
—-t—
$4,538,378
58,578
$4,153,913
21,473
—
$4,596,957
937,211
$4,175,386
1,030,784
—
$3,659,746
827,548
$3,144,602
827.548
—
$2,832,198
$2,317,054
156, p. 2039.
1,320,053
$2,446 622
1,534,871
Other
earnings from operations-.——______
income,
!—
net—
Net earnings
Net
deductions
other
and
Interest
income
Preferred
dividends
——
$2,277,963
'
$10 G2
.
Continental
Income
Columbia Gas & Electric Corp.—Reduces Debt—
corporation has called for redemption as of July 1, 1943, at 102
interest, all of the outstanding 23-year 5% gold debenture bonds
April 1, 1952, and $10,281,000 of outstanding 25-year 5%
gold
debenture
bonds. due May
1, 1952.
Payment will be made at the
The
"Difference
affiliated
due
to
inclusion
company.—V.
holding
in
consolidated
157,
p.
Guaranty Trust Co., trustee, 140 Broadway,
An authoritative announcement says:
New York, N. Y.
total of $14,467,900
principal amount of its outstanding debentures.
The current. calls,
together with open market purchases made since Jan. 1, 1942, amount¬
ing to $13,188,800, reduce the funded debt of the corporation by
$27,656,700,
or 26.4#
to $7G,914,000.
This indebtedness is repre¬
sented by 5% debentures, of which $32,000,000 are due May 1, 1952,
and $44,914,000 are dye Jan. 15, 1961.
The saving in annual interest
charges effected by this reduction will amount to $1,382,835.
The
corporation has no bank loans.
4
corporation announces the redemption of a
Telephone
Other
Co.—Earnings—
Surplus Accounts for the 8 Months Ended March 31,
from
received
subsid.
Total
income
Operating
Net
companies
'
income
4 722
'
;
and
expenses
•
"CII
taxes—
income
—•
1943
$43 034
'
$47~756
h!515
*
$3^241
Dividends accrued:
Preferred
6'/2%
—
'
_
Preferred
8 7c0
"
—
/'
13;406'
Federal tax return of
1176.
Balance
and
due
and
Income—Interest and' divs.
7%
:
for
surplus
Surplus—January
Corp.—Secondary Offer¬
ing—Dillon, Read & Co. on June 1, made a secondary
distribution of 9,000 shares of common stock (no par)
at $44.50 a share.
Concession to NASD members who
are not members of New York Stock Exchange was 50
1,
$11084
—2—111—
1943—
189131
Commercial Investment Trust
cents.—V.
157,
p.
Total
■
—
Credit from sale of pfd.
Total
stk. of subsid.
co.
$200 215
for"retirement!'!'
—
_
Write-off
of
balance
of
defd.
exp.
in process
2039.
of a"mortiz!22
138.251
$338 466
164,428'
,
"Debt
retirement during
the last
16 months has been made possible
largely by use of funds received by the corporation through the sale of
Western
subsidiaries,
mainly Michigan Gas Transmission Corp., in
addition to proceeds from
now
in
Eastern
Pipe
and
out
the dissolution
in
&
Southern
Corp.—Weekly Output—r
of electric energy of subsidiaries of
this corporation adjusted to'show general business conditions of terri¬
tory served for the week ended May 27, 1943, amounted to 229,546,384
as compared
with 197,049,044 for the corresponding week in 1942, an
increase of 32,497,340, or 16.49%.
accordance
Surplus—March
Approved by SEC—
,
conditions the SEC on May 28 permitted a com¬
preferred stockholders to solicit authorizations from such
stockholders to represent them in the integration and simplification
Subject to certain
mittee
for
proceedings
for
the
company
now
pending before
the Commission.
1943
Assets—Investments,
banks,
$185,781;
special
total, $2,632,879.
Liabilities—7%
$486,700;
Stockholder Group
31,
stock
6V2%
(par
$5),
$1,828;
fund
31, 1943
$2,425,130; deferred charges, $1 533deposits, $19,351; accounts receivable
'
'
cumulative
cumulative
$1,047,350;
accrued
benefit
$174,038
—
Balance Sheet, March
weekly kilowatt-hour output
liquidation of Columbia Oil & Gasoline Corp.,
and settlement of the latter's interest in Panhandle
Line Co.
The sale of the Michigan Gas Transmission
progress,
of the Columbia Oil & Gasoline Corp. were
with orders of the Securities and Exchange
Commission.
According to officers of the corporation, the disposition
of these properties and the substantial resultant retirement of debt
Corp.
carried
Commonwealth
The
cash
in
Si ori-
^'UW'
participating preferred stock (par $100)(par. $100),
$802,900: common
debt, $35,400;
accounts
pavable
preferred
funded
taxes, $15,725; accrued dividends, $22 370' employees''
$4,786; capital surplus, $36,783; surplus reserved
contingencies, $5,000;
earned
surplus,
$174 038'
total
$2,632,879.—V. 153, p. 985; V. 154, p. 862; V. 156, pp. 692' 1771
for
;
(& Subs.)—Earnings?
12 Months Ended March 31—
;
'783,339
522,226
157, p. 1554.
1,844,160
1,388,004
—
_____
Balance
"The
vy
>,
company
2,517,320
;——
State, local, and miscellaneous Federal taxes—
Federal income and excess profits taxes—
"Difference
1941
$585,569
137,576
39,739
1942
$774,513
258,902
178,866
April—
Net
Ohio Electric Co.—Earnings—
Southern
&
12 Months Ended March 31—
Balance
Net
'.y
.'V
•
of New York, Inc.—
2096.
156, p.
Colorado &
Gross
.y
,
Company
Total
Depreciation
Net
•'
From January
Gross
Operating
Gross
Income
'
Edison
$105,770
from
Net
Other
•.*
June 2 announced that system output of electricity
(electricity generated and purchased) for the week ended May 30, 1943,
amounting to 176,800,000 kwh., compared with 137,000,000 -kwh. for
The
Net
1943
railway-^—
April—
1943
:
Dividend—
a
common
,?:
Subs.)—Earnings—,
31—
'
*:
.
.
Output—
Federal
Colonial Utilities Corp. (&
12 Months Ended March
;
.
value
par
loans
Columbus & Greenville Ry.- -Earnings,
no
Gross
companies,
the
Act and the one
The application
carrying value of Commonwealth's assets, <
declared
directors have
the
Consolidated
.
and common stock, in its" oil subsidiary companies
accordingly, have been operated as a part of
Columbia System since March 30,
1943.
General releases were ex¬
changed between Columbia Gas, Columbia Oil and Missouri-Kansas
Pipe Line Co. dismissing all pending litigation between them.
The effect of the foregoing transactions
was to liquidate in full
by
which
the
1942.
9,
special dividend of 50 cents per share »■.
stock, payable June 30 to holders of;
record June 15.
This compares with 40 cents per share paid on'
Jan. 31, 1942, and 25 cents on Jan. 31, 1941.—V. 157, p. 1553.
plan
Pursuant
1954, have been called for redemption as
1,
Jan.
1Q2
of
Bank
Ltd.—Bonds Called—
6%
outstanding
the
due
at
1077.
p.
Steamships,
Colonial
1943
,
directors also declared
The
Line
Pipe
presently
is
Corp.
Columbia
Cluett, Peabody & Co., Inc.—Interim Common
The
Eastern
(as above defined) and Columbia Oil & Gasoline
taking the necessary steps toward its dissolution
and liquidation.
Y,
:
In a letter accompanying the quarterly statement the share-hqlders
are
advised: .v"'
,y-:y,'v.; YYc/;f;'' :'■ Y'f
./-f.
Y/fy/2.
subsidiary
a
sented
t
Panhandle
statements.
income
longer
liquidation.
■„
.
Line
Pipe
Columbia
1647..
p.
Eastern
(2) of the
April
plan
Conde Nast Publications, Inc.—Special
The
on
pointed for its subsidiaries, except Kentucky Drilling Co., whose assets
are
of little value.
Columbia Oil & Gasoline Corp., certain of whose
securities were owned by
Balance
the
qualify Commonwealth's earned surplus account as to subject the
dividends to the provisions of Section 12 (c) of the Act
and of Rule U-46.
The proposed dividend payment is to be in lieu of
the cash payment of $3 per share on the preferred stock provided for
in the plan, and upon payment of the preferred dividend Common-/
wealth will amend the plan to eliminate therefrom the provision for
the $3 cash payment to preferred stockholders.-r-V. 157, p. 2039, 1940,
include-American
not
does
Columbia
subsidiaries,
Panhandle
corporate
The
repealed
beeu
dated
the: Commission
of
(b)
11
Section
of
provisions
order
filed by Commonwealth with the Commission qnf
April 20, 1943, proposing to change Commonwealth's capitalization to j
one
class of stock, namely common stock, and the necessary restate¬
$0.27
$0.30,
statement
income
its
or
subsidiaries
sidiaries.
Fedral
income
Net
Fref.
Co.
Power
its
or
Gross
Int.
consolidated
"This
Fuel
the
stock
.
per
..outstanding (12,223,256 shares)
Net oper,
Other
of
Rule U-46
payment of
income,.
misc.
and
Act
approval.
\
r 1
the'proposed dividend is sought under Section 11 of/
as a step toward compliance by Commonwealth
14th day after such
Authorization
the
so
;
Corp.—
less
Exps.
and
....—
to
Columbia Gas & Elec¬
$8,680,107 $31,800,910 $30,569,744
$9,291,465
__
exp.
Gross
Inter.
hearing June 7 on the application
a
dividend of $3 per share, an aggregate
shares of its preferred stock.
The
2,747,683
business on the
Net
interest..'
Wall St.,
Co.—Earnings—
Cincinnati Gas & Electric
Gross revenues
4Vi%
first and refunding mortgage
bonds, due Sept. 1, 1962, at 100 and
Payment will be made at the Bankers Trust Co., trustee, 16
New York, N. Y.—V. 157, p. 1739.
■
'■
D
series
hold
a
profits
Other income
Co.—Bonds Called—
has called for redemption as
company
sinking fund, a total of $356,000 of
pay
outstanding
taxes..
exc.
with
Chicago & Western Indiana RR.
to
the
on
prof'taxes
61
income
excess
Y4
Dividend Plan—
on
will
SEC
The
ration
Fed.
than
Philadelphia.
and Clarence A. Warden, all of
124,811,700 122,605,972
16,235,398
56,434,300
59,072,121
14,491,768
4,259,849
14,685,702
37,777,821
15,572,009
maintenance
Prov. for retire. & depl.
Oper.
$
40,161,920
.:
.
1943—12l Mos,—-1942
-1942.,
1943—3 Mos,
Period End. Mar. 31—
Director
7.
Edward Hopkinson, Jr.. Chairman,^
The members of the committee-are
partner in ;Drexel & Co.;. James J3. Gowen, President of Girard Trust-'
Co.;
Marshall S.. Morgan, President, Fidelity-Philadelphia Trust Co.,-
"Consolidated Income Statement
Chicago
Burks,
C.
pointed
William
capitaliza¬
Hearings on the company's recent application to change its
tion to a single class of common stock lias been set for June
,
general
reserve,
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
157; Number 4183
Creameries of America, Inc.
"
3 Months End. Mar. 31—
Net
1943
of
$5,441,063
sold
goods
;
includ.
exp.
and
Period End. Apr. 30—
1941
1942
Operating
$2,743,182
$3,500,824
expenses—
other oper.
depreciation——
Federal
2,571,170
3,154,459
4,588,389
Other
Other
profit
income
income —
Income
deductions
for
Prov.
„
„_
31,245
$199,574
34,182
Fed.,
taxes
175,929
60,542
39,146
:
and
State
income..
on
dividends
paid-.
Common
dividends
paid-
Int.
income
allocated
$154,484
21,861
21,861
47,786
:
_——
1,262,272
726,532
690,388
53,401
803,689
710,502
$181,087
$2,399,936
$2,311,322
1,970
640
57,731
•:
$197,500 :
revenues
—
254
.
income
$197,754
interest
and
Gross
$181,087
$2,401,906
46,667
560,000
Net
Net
40
1,000,364
"64,432
"66,850
8,178,613
7,459,785
4.011,602
1,187,992
970,060
2,974,805
293,994
"83,775
Denver &
218,740
154,444
104,651
7-V.
12,913
28,286
64,555
$121,507
$1,491,803
Operating
507,386
Mail
$1,687,407
applic. to pref. stocks for the period
507.386
$122,801
—
—
—
Cash
hand
on
Accounts,
in banks
•.—$1,132,491
$611,946
contracts
receivable-——— ^ 1,220,186
1,116,746
1,218,296
and
notes &
Inventories
1,147,389
Marketable
securities
Receivables
ether
„_
Post-war refund of Federal
Investments
and
Dairy
\\
—
—
:
herd "
(depreciated)
equip,
Cost of trade routes
Prepaid
Debt
•
—
V
291,394
233,752
3,164,546
$3,733,379
68,758
13.342
14,074
2,535,372
548,531
17,859
retire,
-Net
,192,290
Rent for
/
•
1
160,058
59,429
appro.
75,033
33,419
$39,436
$53,763
$549,599
$548,386
15,505
84,028
way
;
General
$38,258
$465,571
$362,323
lease of plant.
income
435,005
772,248,
$39,436
income—-—
$39,436
::
22,652
;
.;v' V,:
;
;
Accounts
payable
payable (banks):--_-^-—
Rotes and contracts payable (others)—'.—
$491,238
$362,323
23,515
279,414
"V
5,021
Dividends
213,683
applic. to prel
$12,790
$206,803
$55,363
stock; for
...
the period.
26,901
103,901
'
Accrued
interest
payable.-
Accrued
county, State and Federal taxes.—
Deben.—ann. sink, "fund due Nov. 30, 1943.
3(2% debentures due Sept. 1,
Mortgages payable
Notes payable "others).
1
Deferred
income
Common stock
Paid
in
Earned
i
,■:■•;
30,558
7,430
6,901
482,275
.-793,612
2,301,226
1,662,558
——:
directors
the
on
1,077,908
482,275
/; 787,612
surplus
dividend
stock,
Dec.
Operating
revenues
Purchased
1943—3 Mos.—1942
power
gas
Operating
expenses
Maintenance
Provision
!.w—^u—
— —,
—
for
162,403
,
Purchased
renewals,
43,914
257,234
32,077
63,900
other
Taxes
Prov. for
254,168
838
1,626
Federal
66,459
55,278
$179,865
railway
Other
income
9,221
Gross: income
$189,086
$681,052
79,739
81,751
321,451
b:-
deductions
Income
subsidiaries—
of
■■'
.
collateral
on
series B
for Federal- income
Crescent
Public
Service
transf'd
Balance
interest
"The
accordance
to
*
;'7;'
<■31,
cents
on
'•'".V
and
1943
31,
650
$125,299
surp.-
1942.
1943,
inc.
the
.
$168,390
$107,336
discounted,
contracts
and
current
neous
$96;
Net
V
1
.
$6,550;
$41,375;
reserves,
(deficit),
156,; p. 1468.
surplus
—V.
>
8,104,729
receivable,
and
the
discounted (contra), $96; ac¬
interest, $141,064; accrued taxes,
transitory provision of the constitution of <
for deposit, payments were made on June
1943,; of $4.85 per
$1,000 principal, amount- of first mortgage
igold bonds,'S'.V/fc series of 1942, due 1942, upon presentation of bonds
stamping
of the rider
attached thereto;
and of
$19.33
per
$1,000
deposit receipt for said bonds ($4.64 interest payment, $14.69 principal
payment) to holders of record at the.close of business on May 21,
1943.
New
is
and
-v',-:.
$89,000
$312,672
York.—V.
157,
the
1555.
on
p.
Accrued
Other
It
taxes.
bonds at
office
of
National City
Bank,
Cuba RR.—InterestCuba,
and
1943,
1,
with
the
of
$5
a
effect
the
1,
the
Unadjusted
provision
of
the
constitution
for deposit, payments were made
$1,000- bond on surrender., of the June
procedure
on
per
I,
of
June
1943,
from the first
lien" and refunding mortgage gold bonds,
A, 7!/2%, and series B, 6%, extended to 1946; and of $19.33
coupon,
series
$l,OO0 deposit receipt for said bonds ($4.64 interest payment,
$14.69 principal payment) to holders of record at the close of business
011
May 21, 1943.
Interest is payable on the bonds at office of National City Bank,
New York.—V. 157, p. 1555.
^
per
properly
16 Weeks Ended April 24—
income
before
income
and
taxes—
excess
Net
*
profit
After interest,
-
.
profits taxes—
1942 .
$268,985
107,594
——
$231,114
$161,391
depreciation and all other charges,—V. 157, p. 1842.
459
261
105,035
—
Audited
$3,044,708
6,008
98,519
$19,931,788 $19,564,190
105,093
$5,317,104
136,294
12,500,000
payable—payable
218,290
186,342
unpaid———-—
43,395
39,559
660,000
440,000
281,383
263,454
and
wages
accounts
matured
interest
tax
accrued
—
liabilities
37,262
—'
liabilities
Unadjusted
550
3,218
liability
current
$2,299,568
450,011
$5,317,104
construction—„
accounts
Miscellaneous
751,148
par)—_!
no
12,500,000
of
debt
•
31,677
6,510
7,596
1,326,535
1,269,460
70,456
70,456
*Dr637,459
Dr698,302
$3,050,716
222,430
(50,000 shares
aid
Other
"$1,849,556
period ended
months'
period
ended
March
such
in
10%:
and
31,
Act;
consequently, the
1943, include amounts of
the entire 15 months'
31, 1943.—V. 157, p. 1941.
Additions
credits
to
and
through
prop,
loss
income
balance——
and
surplus
———
Total
$19,931,788 $19,564,190
.'
April—
Gross
1943
1942
$215,505
$118,830
$84,871
railway-——_
44,035
"23,905
"39,282
"8,570
income
60,557
2,790
"17,254
16,348
from
Net
from
Net
ry.
oper.
From
Gross
railway
1941
1940
V
$122,094
January 1—
from
Net
ry.
railway——
railway
income—
from
Net
1,048,344
"Deficit.—V.
157,
755,621
654,512
803,655
320,440
166,719
116,178
245,852
373,465
—
oper.
257,898
201,826
323,475
Detroit
1741.
p.
to
period
in
2%
&
stock
common
June
that
2
the
on
June
on
the above
to
22
stock
stock,
common
on
holders
of
this issue.
dividend
the conversion price of the first
Normal
tax
Excess
and
profits
-Stock Placed
declared
have
not
will
on
Interest
1943
Gross
1941
$4,513,895
ry.
157,
of
1,200,129
927,357
1,175,277
709,841
437,367
595,342
1842.
p.
%
Net
railway.—_
railway
from
Net ry.
1941
1940
$261,884
$306,533
109,878
148,976
'78,023
55,155
27,588
58,564
1,634,920
1,525,469
1,505,787
1,421,888
976,001
845,404
881,834
810,331
371,038
311,198
393,685
389,573
;
January 1—
from
Net
from
ry.
—V.
1942
$365,301
190,636
193,242
income.—
oper,
From
Gross
Earnings-
1943
$360,290
from
railway-
railway
p.
—
income
oper.
157,
1648.
Domestic Finance Corp.—Changes
This
corporation, whose
Industries, Inc., and 94%
Name, etc.—
changed
May 28 to Domestic
of whose common stock is owned by Mer¬
Manufacturers Securities Co., has announced the acquisition
&
name
was
on
*21,956,863
18,213,927
17,242,015
6,665,752
4,971.349
3,683,969
of all the outstanding stock of Service Caster & Truck Co. of Albion,
Mich., and its subsidiary, Service Caster & Truck Co. of New England,
3,057,842
3,081,756
1,650,624
located in Somerville, Mass.—V. 157, p. 2040.
p.
1648.
Rio
&
Grande Western
RR.
—
Petition
Sub¬
See
Junction
from
the
trustees
bonds seeking changes
5%
Ry.
bonds
of
in
the
treat¬
the
in
Denver
Rio
&
Grande
for
rental
to
the
leased
claim
of
the
original
were
estimated
upon
the
ground
for
lack
& Rio Grande lease
of consideration and absence
and their trustee.
payment of the sums due
on account of 1935-'43 -operation will enable Junction to pay the prin¬
cipal of these bonds with unpaid accrued interest (a total of "$2,800,cash,
for Junction
in
by
full,
the
bondholders
that
disregarding the provisions made by the I. C, C.
bondholders
in
the present
plan-
per
share on
the
announced.—V.
157, p.
1079.
(Allen B.) Du Mont Laboratories, Inc.—Notes Called—
The corporation
a
total
of
Trust Co.,
&
close
their
10-year convertible 5%< notes due May 1, 1949,
Payment will be made at The CommerciafNational
46 Wall St., New York, N. Y.
of business
said
1943,
of
of any of
Holders
the
May 26 called for redemption as of July 1,
on
$100,000
at 110 and interest.
that
Junction-Denver
invalid
bondholders
consent of
sums
Co.—Larger Distribution—
May 27 declared a dividend of $1
on
1943, H. N. Mallon, President,
Bank
these
directors
Junction
1924.
bondholders
1924
(Del.)—New Name—
Corp., above.
capital stock, payable June 18 to holders of record June 8.
This com¬
pares with 75 cents each
paid on June 29 and Dec. 21, last year,
This increase in the dividend was due to the higher earnings from the
record breaking volume of business for the six months ended April 30,
(a minimum of $500,-
and an accounting of all the earnings of the Junction railway
operated by the trustees, without lease, since 1939.
The petition sets out further claims of the Junction bonds against
Denver
&
Rio Grande
and
the
trustees
under
the
lease, including
in
Finance
Dresser Manufacturing
The
000),
Junction
Industries, Inc.
Domestic
Reorganization Plan—
railway lines for the period of 1935-'39, inclusive
in
Cr72,676
4,184,801
pending plan.
Percival E. Jackson, counsel, says that, in addition to the D. & R.
G. W. bonds allotted under the plan, the group hopes to show that
Rio Grande Junction holders have additional rights to receive rental
000)
4,931,315
_
.
9,104,783
Grande
is
4,881,755
Crl39,323
expense-
Detroit & Toledo Shore Line RR.-
petition for reopening of the reorganization proceedings has been
with the Interstate Commerce Commission by a group of holders
the
debt
and
25,944,344
accorded those
It
unfunded
construction——.
discount
280,829
income—
ment
of
83,401
$13,034,874 $16,679,452
$8,292,442 $11,225,471
Domestic
attempted
and
to
debt
April— y-,%;;y
chants
mitted to Reopen
Rio
income
railway
railway-—__
oper.
157,
$12,951,473 $16,398,623
income
Gross
$4,156,729
2,249,823
1,263,886
from
from
Net
2,920,000
utility operations.—
1940
$6,097,095
2,621,469
Januaiy 1—
Net
—V.
%
1942
:
-Earnings—
$6,971,627
inqome
4,435,000
'
——
income.^—5—Ci
funded
charged
Amortization
Net
quarterly
a
income from
011
Interest
$1 Annual Div-
Delaware Lackawanna & Western RR.
From
2,830,000
——9,760,000
—
—
corporate
Net
oper.
surtax
(closed)
dividend of 25 cents per
share and a special dividend of five cents per share on the common
stock, both payable July 15 to holders of record July 1.
Previously the
company paid a regular dividend of 20 cents and a special of five cents
per share each quarter.
In addition a year-end payment of five cents
was made on Dec.
24, 1942.—V. 157, p. 815.
Net ry.
1942
1943
tax
miscellaneous
Gross
Basis—:vv-,:'W'/'V;'.
directors
Subs.)—Earnings—
earnings from utility operations:
$80,307,722 $74,423,413
Operating and maintenance charges—54,766,249
50,669,790
—V.
The
(&
12 Months Ended April 30—
Gross
sinking fund bonds due Dec. 1, 1954.—V. 157, p. 991.
Delaware Fund, Inc.-
idend
Co.
Stock Dividend—
.dividend
No other distributions have been made
on
Edison
,
present change in
modifications
1943
$469,606
238,492
'
•
in
Long-term
Accrued
$883,709
three
March
ended
declared
payable
17.
announced
any
The
"Net
74
'
360
—
1,574,475
post-war credits equivalent to
Accruals of Federal income
applicable
March
to
have
$1,500,000 accrued
Cushmaii's Sons, Inc.—Earnings—
Federal
80
4,554
debits
2,151,591
$882,368
months*
12
specified
months
12
1942,
value>
mortgage 5%
of
transitory
receivable—„
assetS——
assets
Unmatured
eight months of
1942 were adjusted subse¬
1942, to give effect to the increased rates and
provisions
credits
was
A
accordance
interest
current
Deferred
first
31,
directors
par
filed
In
19,165
173,944
.
the
for
for
estimated
profits
the
Denver
payable
16,250
340,213
1,113,653
1,340
':."■■■#
includes
Aug.
Jan.
The
no
*
Interest
conductors-
receivable—
Earnings for April and Year to Date
from railway
Net, from railway——
*1,
for
and
178,338
Interest
'112,502
April—
procedure
agents
1~12~364
462,668
materials
$293,448;
accrued liabilities, $18,086; deferred credits,
$2,237,512; common stock (par $1), $60,000; earned
$57,879; capital surplus, $9,143; total, $12,696,445.
with .a
accordance
in
from
166,670
—i—
2,027,682
—
Gross
Cuba,
39,559
receivable-
balances
4,832
accounts
and
813,982
$661,279
refund
record June
Cuba Northern Railways—Interest—
..
426,188
43,395
supplies__„_.^^,j_—'—,—————.
Other
miscellaneous
$238,221;
receiv.
430,950
—
Deerfield Packing Corp.—2%
*■
contracts
accrued
1941
Miscellaneous
.
insurance,
bal.
service
car
Balance,
equipment,
accounts
receivable—merchandise
crued
and
804,000
revenue—
excess
for
to
from
Liabilities—Capital stock of. subsidiary, outstanding in. hands of
public, $1,316,920; funded debt, $8,363,400; notes payable, $113,333;
accounts payable, $106,945; consumers deposits—refundable, $101,678;
notes
1942
—$18,290,770 $18,353,444
Liabilities—
profits taxes for the eight months' periods ended Aug. 31, 1942,
at the rates specified in the Revenue Act of 1941 and, in
696,445.
.
$14,432
658,835
421,000
profits taxes—
excess
—
1943,
accruals for
$140,407;
prepayments—Insurance,
$25,026;--miscella¬
assets, $8,005;, deferred debits, $565,330; total, $12,-
supplies.
917,955
$83,910
Material
made
post-war
trust
$10,965,420; investments,
$1; special deposits, $73,064; cash, $593,742; temporary cash invest¬
ments, $31,184; notes receivable, $720; notes receivable—merchandise
and
1,128,650
Cash
576,104
taxes
and
representing
post-war
bonds is computed in
indenture for the
income
in
,
property
$932,387
General Balance Sheet, Dec. 31
:'V;:>-;■!:v.\
<
■
Grants
12 Mos.
2,408,252,
—
profits
income
accruals
Consolidated Balance Sheet, March 31, 1943
Assets—Plant
17,052
$1,'212,560
income—
—
Assets-—
provision amounting to 31% of the accruals was made for
anticipated increased Federal taxes for such periods.
Because of the
retroactive enactment in October, 1942, of the Revenue Act of 1942,
periods ended March 31 and Sept. 30.
Such interest
requirements for the six-months' periods ended March 31, 1943 and
1942, were accrued in the quarters ended Dec. 31, 1942 and
1941,
and
therefore
no
accrual
was
required during the quarters ended
if.-;*:'
other
and
Investments
six-months'
March
$915,335
13,213
——
income
Capital stock
3 Mos.
"$548,776
Federal
were
190,560
:
Co——
consol.
$1,199,347
,«■:
24,564
583,285
addition,
requirements 011 the
a formula
contained
with
income—.
————
Total
dividends
31,
quent
;
and 30
1941,
income
March
of
taxes
30,
Balance
6%
——_
Dec,
on
taxes
"
$359,600
$107,336:;
$125,299
charges.
trust
bonds,
Prov,
-
fixed
before
income
Net ;
1555.
retirements.
Fed.
Preferred
of
Net
for
income
.excess
Interest
299,793
608,020
Deductions
Profit
12,573
$205,038
——'-*«•
operating
operating
193,403
operating-
"Net
.;
cents
p.
Gross
corporate
income
:
Interest, other fixed charges and misc. deducts.
$668,479
1,811
338,308
Cr8,283
127,366
$203,227
——
quarterly
$5,716,079 $18,830,823
excess
Other
251,763
55,087
$656,406
1,482
—
Deferred
income
income
Other income ——2.1—
40
157,
„
Other than
Net
Operating
regular
the
share
per
1,474
66,508
■■
—
taxes——
income
and State
against
income
Net
subsidiaries—
of
taxes
than
Federal
cents
183,168
64,845
and
22,
30
per
revenues
Federal
replace-
;.and retirements
Depletion —————a.
cents
as
June
of
25,
1941.—V.
Provision
144,643
990,783
55,224
.
ments
t
last,
25,
payable
dividend
a
Maintenance
$3,205,492
583,644
46,261
— -
$921,352
investment—Cr—
Special deposits (to pay matured bond coupons)
Special deposits (employees' war bond fund)
share on the 5% cumul. conv, preferred
both to holders of record June 12.
A dis¬
per share was made on the common stock on
June
50
declared
2
Operation
'260,170
1
—————
of
24,
Gross
12 Mos. 1943
$836,743
136,391
$914,563
———————
*$48,538
\
Dayton Power & Light Co.—Earnings—
(& Subs.)—Earnings—
Period Ended March 31—
.
I'
Period Ended March 31, 1943—
,
Crescent Public Service Co.
stock,
cents
31%
payable
tribution
$7,036,131
$7,668,181
of
June
011
common
March
—vfi56,"p."T86T~"
1648.
p.
Davega Stores Corp.—To Pay 30-Cent Common Div.—The
...
3,936
1,077,908
j—
for
operating revenue
Tax accruals _j—u——L,Hire of equipment
Joint facility rents (net Cr)——_—
Traffic
35,744
r„
a——■—
119,444
—
31,868
subsidiaries—————.
—
157,
960,000
6,233
4..——
14,978
in
"Deficit,—V.
80,000
880,000
1954——1
$179,902
512,656
80,000
surplus
■
r
988,964
■
Minority interest
Preferred 'Stock
4.709
1,107
—;
773,458
116,797
—■
Net
24,780
income
Net
425,000
133,441"
31,655
915,580
——
282,180
1,953
;1;
———
$745,283
$876,449
Notes
;
$38,258
$16,784
deductions
Other
547,568
31,154
25,667
„—
mortgage bonds.
Gross
Int. on
332.830
550,728
structures-
-
Transportation
Net
$7,036,131
$7,668,181
and
—_——_—
expenses
Total
Liabilities—■■■ •'
$2,459,879
345,148
equipment——
186,063
res.
Operating' income —
Other
7,939
47,731
.
52,220
162,396
'
revenues-
oper.
56,459
i-
Transportation
59,976
1
•
$5,227,214
taxes
Prop,
—----
1943—12 Mos.—1942
$348,350
taxes
Other
3,546,347
84,046
—.—.——..i—163,771
—43,186
expenses
expense
Federal
65,017
i—i——16,412'
$2,880,759
other.
Traffic
$492,480
revenues—
Operating expenses.;
25,111
154,177
122,847
72,717
3,540,635
91,276"
taxes.,
(fixed)
Plant
25,111
108,571
—"
,
current—.
than
Co.—Earnings
1943—Month—1942
60,518
57,656
'
———„
'
Total
Period End. Apr. 30—
Operating
„
„——————■
Maintenance of
Dallas Railway & Terminal
1942
$2,278,615
—
Maintenance of
1943
*
1941
$2,676,789
73,442
-
—„——————1.
Express'
1648.
Comparative Consolidated Balance Sheet, March 31
Assets—
Report—
1942
revenues—Freight
$1,180,021
$984,417
157, p.
Salt Lake Ry.- -Annual
Calendar Years—
Balance
199
207,787
12,988,011
All
438
$1,824 367
161,305
1,525,031
560,000
350,103
1940
$1,996,623
railway——
21,942,736
Net from railway———
9,572,319
Net ry. oper. income,—
5,469,693
"Deficit.—V. 157, p. 1941.
de¬
——
income
1941
$3,591,398
1,248,780
2,760,726
from
Passenger
v
to Date
1942
$5,902,193
From January 1-*-
Gross
$2,311,962
46,667
1943
from
railway
from railway
ry. oper. income,—
Net
—
*
Minority interest in subsidiary.— ;
Creameries
of America,
Inc.—-
<
1,228,884
59,367
appro.
res.
ductions
$104,850
21,861
—
to—•
80,475
mortgage bonds.
on
Other
Dividends
♦Net
2,910,295
121,138
income
Gross
$219,178
—
Preferred
oper,
Other
;—
•
income
$7,884,779
3,049,345
62,016
retir.
r
639,512
-
'
"'Net
$8,208,386
229,742
27,562
$377,611
47,198
•
—
normal
territorial
45,162
$897,836
__T_—
Total
$604,072
256,651
taxes
Prop,
$172,012
$346,365
$852,673
April—
1943—12 Mos.—1942
$695,036
taxes
Net
Operating
Earnings for April and Year
Co.—Earnings-
1943—Month—1942
revenues-.
Operating
sales
Cost
Dallas Power & Light
(& Subs.)—Earnings—
'
2147
the called notes have the option at any time until
on said redemption date, July 1,
1943, to convert
into
notes
full-paid and non-assessable shares of the pres¬
ently authorized class A common stock (par $1 per share) at the rate
of
one
amount
share
of
of
each
such
note
of
class A
therefore
become
shares
non-assessable
class
so
effective,
shares
of
A
stock
to
newly
stock
common
converted
common
on
(or,
the
convert
if
the
basis
said
authorized
for
each
proposed
of
10
notes
class A
for
into
$25 principal
split-up of the
one
shall
full-paid
common
have
and
stock,' par
of such newly authorized
amount of each note so
converted) upon presentation and surrender at the office of the trust
company of the notes so to be converted,
with all interest coupons
maturing subsequent to the date of surrender and, in the case of a note
registered as to principal, accompanied by instruments of transfer duly
exerted in blank.—V, 157, p. 2040.
cents
10
A
class
income-
consolidated
________
4,891,649
4,774,627
Depreciation and depletion —5,436,844
4,740,914
$6,675,367
584,989
$6,174,765
2,531,012
596,989
$3,651,597
$3,046,764
taxes
Provision for income
:
;
;_™
_™
™_™
__™_.
2,438,781
Iron Range Ry. -Annual Report—
Duluth Missabe &
™_-_—
other
Net
$43,880,824 $36,532,417
structures™-™--
4,368,623
7,909,548
:
expenses
734,809
___———_™™_„™_.
operating revenues
(net)—-.
equipment
of
Hire
15,093,175
Cr53,614
———:—
Dr28,136
.
(net)—
rents
facility
Joint
2,677,993
6,552,116
Cr41,622
Dr26,550
3,235,144
Div.
$9,441,861 $14,437,514
50,139
324,448
railway operating income—.—
income
Non-operating
—
™.
——
—
_—___
__—™_™.
charges
Fixed
Bal.
1
'™___
and
(surplus)
loss
of
•Exclusive
—
—
loss
retirement
on
or
75
cents
share
per
have
quarter since and including April 1,
preferred stock each
this issue.—V. 157, p. 1742, 2040.
payments were resumed on
oper.
oper.
Taxes
160,252
:
*
.
Other
income
$68,899,992; deposits, in
respect of funded debt, $661,809; miscellaneous investments, including
advance to RCC, $118,159;
cash, $6,273,705; U. S. Treasury notestax series 1943
and 1945, $15,273,527; sundry deposits, $86,405; net
balances
receivable
from
agents and conductors,
$63,340; miscel¬
laneous accounts receivable, $269,157; materials and supplies, $2,322,360; interest receivable, $22,578;
unadjusted debits, $276,151; total,
$94,267,183.
V
'
-V/.
Liabilities—Capital stock, $20,562,500; premium on capital stock,
$500,000;
grants in
aid of construction, $2,141,583; funded debt,
$28,320,000; accrued taxes, $17,058,483; traffic and car service bal¬
ances payable, $122,052; audited accounts and wages payable, $634,881;
Assets—Investment
income
$187,529
$171,187
$806,466
4,153
16,224
$175,340
; $822,690
$766,182
28,198
inc.
funded debt,
corporate
Gross
Interest
on
etc.;
rents,
32,553
116,956
for
Avail,
depr.,
x,: $164,377
$142,787
$705,734
97,523
314,167
384,680
Provision, for conting.™
unpaid,
matured
interest
$258,278;
payable,
accounts
retire,
for
—V.
share has been declared on the common
stock, payable June 29 to holders of record June 15. - This compares
with 35 cents paid on Dec. 15, last, which was the first payment made
since Nov. 25, 1938.—V. 157, p. 1843.
.
-
revenue
losses™
Operating
.,
Net
Fall River Gas Works
Only), Quarter Ended March
$872,898
,
*
31
Net
$504,872
245,432
225,149
$116,375
57,661
2,547
railway
operating income,™
$946,969
$627,466
"$279,723
Other
income
(net)—_—-—------
17,233
7,954
charges
$964,202
$635,420
919,130
$31,317
20,625
______
on
funded
on
unfunded
income
debt—.
20,625
——
'
-
••$637,485
* $283,710
$60,833
'•
: 1
3,283
Consolidated
General Balance Sheet, Dec
.
Assets—
funds
—
in
Investments
investments
taxes—__—______
—
103,326
1,504,881
Interest
100,502
Amort,
debt
of
Preferred
and
discount
funded
146,035
25,827,371
unfunded debt—a
Amort,
A—
,
of construction,^
in. aid
debt
$12,000,000 $12,000,000
10,000,000
10,000,000
-
—
stock
Funded
—-„——i.—
Additions
credits
to
prop,
_____j.__
250,000
450,519
26,323,028
1,652,266
20,100
.
through income and surplus
23,000,000
992,962
443,385
26,990,023
—_
liabilities
Unadjusted
,
23,000,000
1,037,461
debt in default,
Non-negotiable debt to affiliated companies—
Deferred
:.
—
liabilities
196,737
196,744
-—-
unmatured
Long-term
Current
Total
1,508,277
19,504
$75,339,980 $74,741,028
—
April—
"Loss—V.
and
20,625
>
from
ry_ oper.
railway,-—_
income-—
1942
$340,177
1941
expense,
from
Net
from
Net
ry.
105,889
of
stock,
75
cents
112,507
declared on the no par
15.;
This
has been
share
per
payable June
holders of record June
to
25
Light & Traction Co.
(&
Subs.^"—Earnings—
1943—12 Mos.—1942
1943—3 Mos.—1942
exps..
T
$3,028,331 $11,513,597 $10,501,905
$3,317,671
,/
revenue
maint, &
taxes, excl. Fed. inc.
& exc. prof, taxes™
Prov.
for
deprec. and
V.
,
,,
.
6,503.303
1,926,507
1,844,195
6,809,780
221,054
219,051
852,516
783.341
$1,170,110
$965,086
$3,215,262
204,381
206,191
322,374
230,654
$3,851,301
748,919
933,265
$643,355
$528,241
$2,169,116
1,623
6,606
1,804
$644,978
$534,846
$2,170,920
214,184
195.800
839,269
45,454
45,454
181,813
182,188
115
108
408
37S
retirements
Operating
income™
tax__™__
inc.
Excess
profits
,
tax—
715.302
.
369,299
Operating
income™
income
:
$2,130,661
20,222
,
$5,713
"$1,260
income
Gross
2040.
of
Services Inc.—Weekly Input—
ing
of
companies
American
National
Power
Power &
121,706
£6,914
66.851
Ebasco Services, Inc., which are subsidiaries of
& Light Co.,
Electric Power & Light Corp., and
Light Co., as compared with the corresponding week
$2,150,883
"1,102
railway
oper.
income
157, p.
"Deficit.—V.
144,851
38.678
78,953
1,176.300
302,761
207,209
1,245,793
291,538
188,342
1741.. /
•
railway
625,264
."23,812
subs
of
divs.
Divs.
stocks
oth.
on
Int., disct.
^
695,727
chgs.
Light
&
& oth.
Federal
of
90
185
515
$385,134
Co.
Traction
—Thousands of Kilowatt-Hours—
Net
/.-—Increase—
Light Co.
National
Power
&
129,912
Light Co.
22,426
$293,299
$1,148,910
65,814
66,561
265,368
—
27.0
22,329
20.8
do not include the system inputs of any companies
205,654
Gas Co.
<
$1,066,938
Light
Co.______
earned
to
after
266.244
1942.
share
per
■'
...
.
$319,320
:
on
$883 542
M
_™__
shares
524,903
of
$800,694
$1.68
$1.53
/
stock.—V.
common
' ;
-
,
$226,738
.
share™--
per
"Amount
"
surp.
pfd., div.™™
•Amount
P.
157,
J
(& Subs.)--Earnings
Florida Power Corp. (& Subs.)
1943—12 Mos.—1942
1943—Month—1942
-
divs.—Fed.
Traction
Bal.
appearing in both periods.—V. 157, p. 2040.
Period End. March 31—
income
15.0
20,780
107,583
97,647
Power &
&
150,409
76,867;
172,835
American
Pfd.
Pet.
Amount
1942
1943
Operating Subsidiaries of—
Earnings—
12 Months Ended March 31—
$697,101
Maintenance
Depreciation—prov.
retirements
195.744
2,224.180
1,625,047
Operating
revenues
$4,854,560
$4,765,723
16,740
246,322
285,886
Operating
expenses
2,054,652
197,827
1,856,414
104,867
__i
$7,013,781
103,087
1,147,521
936,177
158,352
Operation
$7,987,854
19,007
revenues
$729,769
200,670
Operating
831.652
subs.
Pfd.
during 1942 were as follows:
14,985
46,070
/
27, 1943, the system inputs of client operat¬
For the week ended May
$173,117
From January 1—
Gross
6,334
$118,521
•
___
Period End. March 31-^
3,190
3,283'
etc.—
1940
$263,037
109,315
83,903
railway——
from
5,262
$142,802
;
40
39
j
——____________
___
157, p.
Ebasco
•
not
1943
$334,552
,
Net
545
$11,531
■
3,619
-.i'20,625
—_____—
discount
debt
of
income
The above figures
Earnings for April and Year to Date
Net
'
Federal
debt
Electric Power & Light Corp.
Gross
$124,855
Int., disct. & oth. chgs.
stock
Grants
255
declared
Operating
:17,923
Liabilities—
Preferred
______
$10,512
dividend
Other
$75,339,980 $74,741,028
Common
$10,768
'
Net
Total
60,000
-,_
$148,064
$12,076
_______
charges
Federal
:
80
3,511
etc.—.
Parent Company Deducts.—
i
25,962
.
17,929
expense,
on
173,106
9,650
$77,159
25,962
requirements..
dividend
on
26,972,751
35,880
4
'
992
Interest
—________
'
$71,082
-
unfunded debt_
on
Interest
debits
$184,855
Faultless Rubber Co.—75-Cent Distribution—
36,126
9,850
Federal income
income
Gross
852
loss___—_™™™__™™™™_™:
income
Dividends
7,442
8,666
32,803
132,224
and
76,000
157,655
1,834,835
1,513,179
Electricity
for
1943
for resale™
purchased
__________
1942
-
279,825
"
——_
Maintenance
323,223
324,956
494,442
___—
456,827
.
Taxes
________
Provision
for
depreciation™__i._i;„_________„_
Federal income taxes™™-
Missouri
East
Power Co.—Earnings-
Period End. Mar. 31—
1943—3 Mos
Net
1942
Operating
revenues
—
$100,855
expenses
—_
67,231
55,946
1943—12 Mos.—1942
$403,595
$85,752
Operating
inc.
&
Federal
Fed.
$303,157
263.074
excess
17,726
16,742
4,728
22,662
4.103
26,098
—
'
3,061
12,048
3,061
income
$13,739
$13,315
140
income
operating
$61,988
53
340
—
Amort.
Gross
7,164
91,744
$1,307,249
10,037
$1,254,662
$1,317,286
$1,277,502
507,143
518,712
127,559
157,729
18,886
22,391
9,688
7,617
35,813
$665,768
$610,015
88,061
$249,379
$2,443,252
7,114
1,999
47,778
$2,565,430
30,281
$13,879
$13,368
$62,329
$251,378
$2,491,030
$2,595,711
401,738
400,094
$218,352
income
debt
of
-
33,305
32,577
—
,
discount
788
12,430
19,712
800
6,618
65,126
$209,735
$2,011,737
$2,117,473
8,632
2,147
2,969
10,328
12,015
8,632
103,579
—
$11,732
$10,399
$52,001
$53,963
divs.™
1,487
1,487
5,950
5,950
div'.
require.
Balance
l
$201,104
$1,908,158
$2,013,894
—V.
income
stock
1943
Assets—
Plant, properties,
—
—
-
Investment
$10,245
$8,912
$46,051
$48,013
accounts
913,346
808,187
1,545,555
100,000
481,571
20,722
27,334
1,517
3,042
Accounts receivable
837,621
829,841
Materials
282,753
254,366
U.
S.
fund
Treasury notes
Special
To Redeem Preferred Stock—
The
its
850
company
shares
ing, on July 1,
connection
of
has asked the SEC to approve a plan to redeem all
1% cumulative preferred stock (par $100) outstand¬
1943 at $105 per share plus accrued dividends.
In this
proposes to
pay
the full redemption price to
their shares for surrender on or after June 3, 1943.
company
—
C).
(Tax Series
deposits
;
_.
Notes receivable
and
Prepayments
Deferred
supplies
31.707
:
debits
Reacquired securities
;
:
33,348
167,811
337,929
25,967
156, p. 1047.
to
construction,
I
income
Cr„__i.__:.I_
"
,
_____!
deductions
^
income
156,
p.
-
4,467
2305.
Corporate—The reclassification plan of the corporation became effec¬
31, 1941, and its consummation placed the corporation in a
tive Oct.
where its available
position
earnings from
paid to its stockholders as dividends.
for
dividends
resume
the
were
a
leng period
dividends
new
stock
of
amount
10
of
as
it
promptly
was
as
that
date
forward
cou'd
be
As stockholders had been without
desire of the management to
the
possible.
The
initial
dividend
upon
ther. corporation
cents
per
was paid
in January, 1942 in the
share and thereafter four additional dividends
paid, in total amount of 60 cents per share, so that the amount
disbursed to stockholders was 70 cents per share during the
year 1942.
actually
25,967
calendar
Integration Plans—The management of Federal Water and Gas Corp
contemplated for several years past that the water securities which
had
holders who present
—V.
expense
Federal Water and Gas Corp.—Annual Report—
1942
$30,099,896 $28, 315,203
pipe lines & equipment
Cash
Balance
and
Christopher T. Chenery, President states in part:
Comparative Consolidated Balance Sheet, March 31
Net
Preferred
charged
Miscellaneous
_™™______~
debtdiscount
charges
22,840
103,579
$175,555
income
stock
debt
of
interest
Other
_________
58,433
$184,186
income deducts.
1,720
long-term
on
Amortization
Interest
expense
—™_™™___„_
income
Gross
$65,978
deduct.
income
____
Operating income
Net
Net
Pfd.
Interest & other
328,252
$65,747
231
290,154
Interest
Gross
Interest
Miscell,
Net
2,967
$211,238
——
—
Other income
4,103
lieu
264,787
Other taxes
Other income
and
Other
$2,653,492
22,661
9,950
of inc.
profits taxes
4,599
5.500
profits tax_
in
costs
$2,534,996
187,013
develop,
&
190,843
4.434
taxes™
income
excess
Charges
&
-
$256,542
$214,204
revenues-
oper.
Exploration
Balance
than Fed.
excess
profits
other
Taxes,
>*.»
compares
38,683
_s—in¬
1,198~935
Profit
$224,084
5,000
1942
________—__——_™,
6,429
Unadjusted
$17,076
6,333
$303,498
137,241
145,544•
Subsidiary deductions—,
on
funded debt——
102,854
___—___™—
$17,101
accruals
income
Oper.
92,646
-
assets
65,469
—y. 157, p. 1843.
31
March
—————-i.—
Res. for.adj. of invests, in securs.—__—_—— Drl,088,895
1,850,449
Current' assets
———-—
Deferred
$119,386
28,549
with 25 cents paid on April 1, last, and 50 cents paid on
Jan. 1,
1943.
Disbursements during 1942 were as follows:
Jan.-l,
75 cents; April 1, 25 cents; June 25, 87V2 cents, and Oct.T, 25 cents.-^v
V. 157, p. 864.
.
■
• '
Interest
__——»—
$195,515
8,382
$306,628
income)
other
taxes
and
1,510,748
property™™——
affiliated companies————
$8,694
1,097
$7,462
.—.—i.—____j—;—_—
—_—i
Maintenance
state
1941
1~15~685
sold™
physical
Miscellaneous
Operation
$45,696,000 $45,628,034
7,075
——
——
—™™-
Deposits in lieu of mortgaged property
Other
"1942
■■
-
road and equipment—
in
Investment
Sinking
'
;
Net
3,190
y
$2,814
Ended
Quarter
Account,
Income
(incl.
revenues
General
St.
.
$16,004
common
_______—_——_______
Depreciation
'
revenues—
income—net-
40
39
debt
919,163
—_—™_
"Deficit.-: /■/
64.300
207,196
1943
income
Gross
Net
230,259
res.
Interest
A
$281,678
903,369
—
19,439
oper.
Gross
2,106
of debt discount and expense, etc
Amort,
Net
for fixed charges^.-
avail,
Income
75,073
.....
14,491
—
1,955
Fixed
6,736
20,361
Retire,
10,800
$26,761
™—
earnings
Interest
Interest
Net
$980,777
589,895
5,645
Balance
1942
$112,077
'
._
Depreciation
(Dr)_—
and taxes
(Company
11,347
Maintenance
311,652
58,909
Non-oper.
11,988
1940
$1,258,621
revenue
1943—12 Mos.—1942
$1,158,013
657,166
$100,919
Taxes
Corp.—Earnings-
59,435
$2,620,309
2,115,437
2,494,352'
■;# •!<
;
Co.—Earnings-
1943—Month—1942
30—
revenues
Maintenance
$249,912
1943
1941
2,972,068
',/■ ■ '■//
^
$85,343
50,475
Operating
$291,567
$45,264
$51,388
earnings
$3,367,250
expenses
rents
Net
Account
income
1942
.
;'/■:. ;:''r
of manufacturing.- ;;
charge
Period End. Apr.
-
prov.
Eastern Minnesota Power
$4,230,683
___™„™.
Vice-President
Staples of New Bedford, Mass., has been elected
W. F.
100,000
Atlantic Ry.- -Earnings—
Calendar YearsGross
Inc.—New Vice-President—
j'""' Esmond (R. I.) Mills,
157, p. 1941.
Gross
Duluth South Shore &
Dividend—
Equipment Co.—25-Cent
dividend of 25 cents per
Net
unmatured interest accrued, $240,750; other current liabilities,
insurance
and
casualty reserves,
$874,783; unadjusted
credits,
$41,845:
appropriated surplus, $2,667,486; profit and loss
credit balances, $20,648,617; total, $94,267,183.—V. 157, p. 2040.
•
.
1943
§$134,682
Nil
Emsco Derrick &
$3,357;
$192,570;
.■
(& Subs.)—Earnings—
-
Operation
before
inc.
Net
profit
A
$634,592
77,989
35,000
etc.
.
.
Oct. 27, 1941, when 15 cent3
payment made on this issue since
157, p. 1080.
con-
__™_~™_
divds.,
tingen.,
-f
1942
1941
1940
*$191,777
t$432,916
t$521,424
JEarnings per share—
$0.15
$0.35
$0.42
"After $241,900 for Federal income taxes, including $92,000 in an¬
ticipation of increased taxes; $50,000 for contingencies arising out of
war
conditions,
tAfter all charges,
including provision for Federal
income tax.
fOn 1,237,500 shares capital stock.
§Loss.—V. 157, p. 602,
in
Depreciation
May 27
Quar. End. Mar. 31—
Net
131,590
.____
5,138,092
Corp.—25-Cent Dividend
Household Utilities
Electrolux Corp.
14,869
$192,575
road and equipment,
in
4,830,681
8,317
disbursed.-—V.
was
$751,313
5,046
__
__™_™
108,048
,
$34,026^895 $31,116,783
directors on
the first
$3,160,729
1,849,663
559,753
——
1,395,509
declared a dividend of 25 cents per share
on. the
common
stock,, par $5, payable July 1 to holders of record
June 22.
A similar distribution was made on April 1, last, which was
1943—4 Mos.—1942
$4,705,053
$795,152
463,713
277,197
expenses
347,031
______
—
™
—__
Electric
The
1941 when
'.• • '
2,721,448
1,177,139
$1,123,936
659,210
revenues
Ry.
???*292
—-—
-V. 157, p. 2040.
■Earnings—
1943—Month—1942
April 30—
Ry.
Operating
1942
Total
6%
the
on
13,676,323
.—„__™_
to holders of
1
made
been
Eastern Massachusetts Street Ry.
Sheet, Dec. 31,
Balance
miscellaneous
of
$126,162 in 1941.
$267,227 in 1942 and
■
both payable July
$100,
par
per share on
3.497.21l
stock—™_____™™-_
debt _™™_—1™-.—.___——/
payable to bank——
.
payable
—
—----—
15.
June
Distributions
Period Ended
$8,203,322 $13,561,652
5,140,625 14,393,750
sale of road amounting to
-
-
paid
Dividends
stock,
preference
par $100,
the 4Va%
stock,
preferred
cumul.
6%
regular quarterly dividend of $1.121/2
the
prior
dividend of 75 cents per share on ac¬
a
the
on
$1,479,700
notes
_™___™™™__.
1,017,275
966,722
™___;™™
accumulations
of
$5.18
$5.99
.•
declared
directors have
The
transferred to profit and
net income
of
183,035
321,957
$9,170,043 $14,578,927
fixed charges™™——,
for
available
Income
$1,938,035
pfd. stock—_______
_
™
accrued-——^—-—-————1,603,613
Interest accrued
148,93^
Deferred credits
J--';—
Reserve for I depreciation—retirements—
—
5,959,180
Contributions im aid of construction——8,317
Earned surplus
——•—
5,501,774
1,108,729
prior pfd. stock
Accrued Dividend—
r
$9,492,000 $14,761,962
from income———
Miscellaneous deductions
1,108,729
pfd. stock before
dividends——$2,242,868
share of 6%
per
™
.
3,497,211
___™u™-"
par)— i™—
Taxes
6%
to
available
State taxes on
Earned
record
income
Gross
Serial
($3
common
on
Long-term
$3,046,764
requirements on 4V2%
Balance
'
.
$3,351,597
for dividend requirements—
Net income avail,
count
Net
300,000
Provision for contingencies
$27,744,703 $23,652,551
^
tax accruals
——,^_™_™;.:_™.
for Fed. inc. and excess profits taxes
Railway
Prov.
3,052,630
3,368,181
5,999,320
459,736
3,123,141
equipment——
Transportation
All
-
-
__™
revenues —
•Maintenance of way and
Maintenance of
Debt discount and expense—r™-.
1941
1942
Calendar Years-
Operating
Premium
Accounts
Balance
-
stock
Common
$1,479,700
1,804,782
(par $100)-
cumulative preferred stock
7%
1943
1942
$17^003,860 $15,690,306
12 Mos. End. April 30—
Total
Liabilities—
Fuel Associates—Earnings—
Gas &
Eastern
share, at the rate of 10 shares
stock for each $25 principal
per
common
Monday, June 7, 1943
FINANCIAL CHRONICLE
THE COMMERCIAL &
2148
Total
$34,026,895 $31,116,788
it
held
in
its
portfolio would be sold from time to time
and
the
pro-
11
.Volume 157
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4183
properties which could be served by its principal
subsidiary, Southern Natural Gas Co., as this company was then con¬
stituted or as its lines may in. the future be extended.
The annual
reports of the corporation have fOr several years past foreshadowed
Purchase of Properties—On Dec. 1, 1942, the corporation acquired all
the common stock of Mississippi Public Service Co. for $420,000.
ceeds reinvested In gas
developments.
such
of
This
natural
owns
distribution
gas
,
■
SEC, on the other hand, proceeded with the reorganization and
integration of the public utility holding companies under its jurisdiction
and brought proceedings against this corporation and its subsidiary,
New1 York Water Service Corp., to redistribute voting power of New
York Water Service Corp.
The staff of the SEC further advised of¬
ficials of this corporation that the Commission had caused orders to
be prepared requiring Federal Water and Gas Corp. and its subsidiaries
to conform, to the integration provisions of Section 1Kb) of the Public
Utility Holding Company Act of 1935, and instituting proceedings under
Section 11(b) .(2) of the Act to enforce a recapitalization of ScrantonSpring Brook Water Service Co.
'
'
1942
•
,,
*—
'
Net earnings'
-1—'; $4,620,477
Gross income
—*—*
—
**_
of net
Balance
income
—
,/
Income—Dividends
Interest
*—■
.
Total '.income
General and
•
.*—***___
——
Dividends
_*_/.
Accrued
its
first
mortgage pipe line sinking fund bonds,
1956, at 102.78% of the principal amount
31A%
Series due
thereof.
^
Properties—On Nov. 13, 1942, the corporation sold all of
the common stock of Pittsburgh Suburban Water Service Co. for ap¬
Sales
of
proximately $475,000.
This stock was stated on the books of the
corporation at $405,000 which was the value determined by the board
of directors as of Oct. 31, 1941, the date of reorganization,
On Dec. 19, 1942, the corporation entered into a contract providing
jfor the sale of all of the .preferred and common stocks of Union Water
Service Co. for a cash consideration of $1,200,000, which was. the
amount at which such stocks were carried on the books of the corpora¬
tion,
The sale was consummated on Feb. 13, 1943.
On Dec, 31, 1942, Alabama Water Service Co. sold its Jasper plant
to the City of Jasper for $350,034.
The money was deposited with the
trustee of that company's first mortgage bonds and will be used to
retire bonds.
At the time of the sale, Alabama Water Service Co. en¬
tered into a 30-year contract with the city to supply its entire water
,
requirements from the company's Cordova,
plant.
^
,
.
•
$504,658
$6,251,691
8,076
$5,667,244
$5,722,645
4,257,725
1,449
(net)
1,574
$6,259,767
$1,986,871
**_!*
income
Int„ etc., deductions*.
4,272,898
55,401
1,153,008
Balance
$1,464,920
1,153,006
$833,863
—_*.*—
--Y. 157, p. 2041.
$311,912
Florida Public Service
Co.—Earnings—
12 Months Ended March
31—1943
Operating revenues _*i
_'*
—*._/_
*J $2,742,880
Operating expenses >*_—-*—^——.**.*■_***
1,301,186
Electricity and gas purchased for resale*****/*.
97,187
Maintenance ■-**—--—-***_,Li**-^**•'
262,131
81
308,644
$525,962
98,203
10,387
2,262,668
111,990
Federal
for
depreciation***
'
*_i_»_^***j*
1942
$2,754,003
1,328,269
incdme-taxes*—*****'**!;*******—
68,353
-
253,926
359^220
1
400,583
taxes-'^/*'_*i*w_*_***:_^w_**C**j**_*I'jII-
..--1951490
Crl5,392
214,028
Operating income
income, net-;*-**----.-'********/**.-.***:*-*
$527,666
$504,236
Other,
.
******
Other
Gross
income
-J™*.****-*—*
Materials
and supplies**
Prepaid taxes, insurance, etc
—
•
*
Debt discount and expense in process of amort.
Premium, discount and "expense—Z—***^—*—;_
Miscellaneous deferred charges
_**_
_*
Commission and expense on capital stock**—**
3,799
3,750
$531,465
362,930
Liabilities—
/
1,442,653
119,693
564,873
600,166
397,693
216,497
Other
$507,986
Net
.
—
and directors of constituent
co.
54,050
593,886
Customers'
Accrued
items
•"
Miscellaneous
Deferred
liabilities—**.——*-_*_*_
current
liabilities
*
;
—
r.
290,102
—
18,719,787
3,534,959
Depr. retirements & replacements reserves
Property reserves—
———*—
Other reserves
—**._;**_****/_—^***—**
Contributions in aid of construction
3,319
924
1,232
$153,494
:
$128,074
^
r
.Treasurer,
Detroit—President, Etc.—
and
Assistant Treasurer.
H.
E.
Schlechter,
Assistant
«•
...
The new Board of Directors consists of:
Secretary
and
.
Henry Ford, Henry Ford ID,
Benson
Ford, Charles E. Sorensen, Mrs. Eleanor Ford
(Mrs. Edsel
Ford), Harry H. Bennett, M. L. Bricker, B, J. Craig and R. R, Rausch.
Henry Ford II. .and Benson Ford are sons of Edsel Ford, who was
the
only son of Henry Ford; founder of the company.
Edsel Ford, Mr. Bennett,
Mr, Bricker, Mr.
Mrs.
584,543
2,183,637
169,702
319,560
15,867,760
3,471,826
427,238
389,551
—
.Assistant
Rausch-are
3,388,485
124,157'
*■—
1642."'
3,027
15,980
418
/
**********
362,993
3,027
11,508
Henry Ford on June 1 was elected President, to succeed his som
Edsel Bryant Ford, who died on May 26.
Other officers elected are Charles E. Sorensen.
Vice-President; B. J,
Craig,- Vice-President and Treasurer; H. L. Moekle, Secretary and
2,786,300
45,852,983
375,000
1,476,008
'
313,190
313,190
of constituent co.
deposits and accrued int. thereon**
•
—
deductions**
Ford Motor Co. of
9,662,366
to officers
income
income. *—**_*-«_*_i*i.*
—V. '157, p.
10,953,588
242,423
9,998,635
2,286,300
43,571,500
700,000
699,234
-
Miscellaneous
*
10,985,777
1,027,563
long-term debt——_*******_—*
on
interest
charges****—***j.*
Interest charged to construction, Cr
*
153,893
■'V;-:1//'-/;../'■
$4,881,512
$4,910,154
•'
**4.—*—1/-'—■—
Amortization of debt discount and expense
._*/——*****^_——*——*—****$101,985,927 $99,908,063
Total
.
Interest
2,278,651
1,374,455
144,610
467,107
528,012
402,620
215,292
/^*-__*^^****_**i.___;i.„__
utility revenues****
Mr.
new
Bennett
Craig
and.
Mr.
members of the board,
has
been Personnel Manager;
Mr. Bricker Plant Man¬
Ford-operated Willow Run bomber plant; Mr. Craig has
ager
of the
been
Assistant
Treasurer and
Mr,
Rausch
in
charge
of production
In
the Rouge plant.'
Henry Ford returns to the Presidency of the Company he founded
after a lapse of nearly a quarter of a century.-—V. 157,
p. 2041.
/.:
t
.
302,046
436,977
General American Transportation Corp.—$1 Dividend
Total
**$101,985,927 $99,908,063
_—_*——
—
'■>
Balance Sheet—Dec. 31,
1942 (Corporation only)
and advances, $19,547,064;
Assets—Investments
A dividend of $1
par
1
special funds, $266,-
on
General Electric Co.—Line of Electronic Heaters—
$5,387; office furniture and fixtures, $27,417; total, $21,678,675.
par), $4,881,512; paid-in surplus;
$10,985,777; earned surplus since Oct. 31, 1941, $242,566; due to officers
and
directors
of
constituent
companies, $313,190;
long-term debt,
stock,. ($5
Liabilities—Common
per share has been declared on the common stock,
payable July 1 to holders of record June 11.
Like amounts
July I and Dec. 28, last year, as against $1;50 each
July 1 and Dec. 29, 1941.—-V, 157, p. 1942.
$5,
were disbursed oh
140; cash, $1,559,937; U, S, Government securities, $245,843; due from
subsidiary companies, $26,887; miscellaneous accounts receivable, etc.,
,
A line of electronic heaters for high-frequency induction heating of
metal parts for brazing, soldering, and selective heat
treating has been
announced by the company's Industrial
Heating Division.
Essentially
,
accounts payable, $2,514; due to dissenting stockholders of
constituent companies, $54,050; accrued interest on long term debt,
$42,497; accrued general taxes, $6,655; accrued Federal income taxes,
power oscillators which convert
$56,681; accrued reorganization expenses, $32,246; accrued miscellaneous
items, $23,131; reserves, $401,855; total, $21,678,675.—V. 157, p. 2041.
an
$4,636,000;
at
60-cycle power to high-frequency power
approximately 500,000 cycles, the electronic heaters are available in
standard sizes—one having an output of five kw, and the other
output of 15 kw.—V. 157, p. 1558, 1843.
> /
'■}
two
General Gas & Electric Corp,
Florida East Coast Ry.—Annual Report—
12
'
...
:".V'
Calendar Years—
Railway operating revenues—
Maintenance of way and structures
Maintenance of
'/;'.//
1941
1942
$20,838,086 $11,499,121
Transportation—rail
line
operations
2,048,088
365,174
3,901,264
321,986
♦Federal income
483,446
fFederal
._*
■
Net revenue from ry. operations—*
Railway tax accruals **_-_—_-*_**/—*——*—
Railway operating income
of equipment—net debit**—_—__*—*■
facility rents—net debit
1,567,269
$2,846,108
719,097
$8,371,503
$2,127,011
554,915
Cr8,431
'
450,804
46,739
Hire
Joint
Provision
for
Net
ry. operating
income
;
:———
;
$1,580,527
$7,873,959
income
>
126,290
v
'
■
Gross income
Deductions
on
from
$8,000,250
gross
income
********_*—_**,
*__—_*—*'*
funded debt**—
Net income carried to surplus******—**__—»
profits taxes****—___*___*___*
86,257
$1,652,098
119,432
2,830,980
2,823,280
11,500
$4,510,894
; ; 30,262
$4,034,206
136,459
;
$4,541,156
$4,170,665
Subsidiary operating companies——**__**_*_*»
3,143,580
3,290,607
Other income
■
*
(net)
,
.Gross income-Z_——Z**Z..**lZ—/*„,*_**.
********_t_*********.Z_;
********
$1,397,576
and merged subs.
138,198
**_*—**_*—_——**—*————
$1,259,378
General Gas & Electric Corp.
income
$37,500,000; grants in aid of
construction, $112,475; long term debt, $60,238,000; traffic and car
service balances payable, $2,725,066; audited accounts "and wages pay¬
able, $1,066,543;
miscellaneous accounts payable, $109,387; interest
matured unpaid, $102,287; unmatured interest accrued, $801,494; ac-,
crued tax liability, $364,554;
other current liabilities, $23,615;
de¬
ferred liabilities, $79,995,305; unadjusted credits, $8,193,937; corporate
surplus, Dr$37,991,708; total, $153,240,955.
stock
(common),
Interest—
The interest due Sept. 1, 1932, on the first and refunding mortgage
gold bonds, series A, due 1974, will be paid beginning June 10,
1943, and payment on bonds represented by certificates of deposit
will be made to. holders of record at the close of business on June
5%
3, 1943.
Interest on bonds is
Co., Incorporated, New York.-
$880,059
v
228,529
payable at office of J. P. Morgan &
$651,530
♦Including $287,919 (net) in 1942 apnlicable to prior years, t Federal
profits, including, in 1943, credit for bond retirement ($31,500)
refund ($14,621).
;■
excess
and post-war
$5,083,012 '"$1,290,614
Sheet, Dec. 31, 1942
Assets—Investments, $82,603,529; cash, $&,273,795; special deposits,
$498,335; traffic and car service balances receivable, $288,484; balances
receivable from agents and, conductors, $637,836; misc. accounts receiv¬
able, $1,625,691; material and supplies, $2,356,545; interest and divi¬
dends receivable,. $483; other current assets, $29,554; deferred assets,
$54,286,863; unadjusted debits, $4,639,839; total, $153,240,955.
Liabilities—Capital
•'
1,200,406
2.221,948
*****
Operating income—!—*_—-/—*•__**———
■
2,206,342
16.741
667,973
487,989
■
Statement of Income (Parent Company Only)
12 Months Ended March .31—
Balance
2,306,562
..taxes—*/——*—„—_**//—***'
71,571
♦Deficit.
General
1942
2,102,496
Net
Interest
i***./*^*****.
depreciation*—(*
excess
Other taxes
.Balance
Other
1943
*
Amort, of fixed cap. under certif. of necessity—
34,214
$9,356,879
985,376
(& Subs.)—Earnings—
3l—
——
546,564
.*^_***__-*-i^*_.**—:
***.*w-*-****-/r/>.*—
General expenses ,*—*/***—Z—_—**——*
Transportation for investment—Cr—**———ZMiscellaneous
Months Ended March
Operating revenues
„,*f._;*/—.**• $20,655,223 $19,404,504
Operating expenses
*_*__*_*__
7,879.843
7,651,272
Electricity purchased for resale (net)**/——*.'
1,317,309
835,694
Maintenance __*_*____**__*.**__
:_*
/**—*;
1,365.416
1,243,136
2,084,304
2,377,874
406,197
5,605,371
460,897
.*__
;_*
equipment
._*
t
of
$643,898
$506,232
358,477
20,088
29,600
584,435
securities
receivable
Accounts
Due
'
.
.
$779,015
Due to dissenting stockholders
$900,000 in the provision for Federal income
.
$5,665,795
$644,760
356,738
259,458
48,500
-
$1,376,819 for special amortization of certain pipe lines and
constructed or acquired by the company in 1941 and
cost of $7,730,092 which are being amortized over a period
assets of the company.
$6,251,691
862
Gross
$1,143,833
Minority interest in common stock and surplus*
Pfd. stocks of subs, at minimum liquid, value*
Long-term debt ':_**_—****—*—*—****—**-—,
Notes payable to banks—**-_*:
^l*__
Accounts payable
facilities
current
$504,658
plant
14,517
293,020
stock outstanding—**_*-**/***;
surplus
—-*_****—__—_***—
Consolidated earned surplus***
1 ;
Co.—The
On Feb. 5, 1942, Southern Natural Gas Co. issued and sold to The
Northwestern Mutual Life Insurance Co. an additional $970,000 amount
.
Paid-in
operating revenues of Southern
Natural Gas Co. in 1942 were $12,255,316, an increase of 16.7% over
1941.
Net income was $2,091,345, a decrease of $995,944.
The major
the
Other, income
152,682
$1,332,032
203,901
1,442
/'
6,154
***—_,
$643,898
revenues***
***************
Operating income
;
$976,634
15,721
.
declared
Marketable
for such
property located in the Bear Creek gas field, Bienville Parish, Louisiana,
purchase price of $1,798,800. Funds for this purchase were
provided in part by the issuance by Southern Natural Gas Co. to certain
banks of 3% notes in the aggregate amount of $700,000, such notes
Imaturing July 31, 1943.
The balance of the cash was provided from
oper.
.(net)"
.*__—
proceedings, not inconsistent with the opinion, as may be
appropriate.
As a result of this decision the corporation anticipates
that appropriate action will be taken to secure the approval of the
Commission to the issuance of additional common stock in exchange
for a total
Net
Rent from lease of
$87,781,379 $86,851,627
3,036,480
3,026,129
Cash
*___***_i_.——*:"f 4,074,749
4,256,188
Investment in U. S.- Government securities
1,576,177
further
compared with $822,859 received as dividends and interest in 1941.
On Nov. 2, 1942, Southern Natural Gas Co. acquired certain gas and
oil leases together with 5 producing gas wells, gathering lines and other
*
taxes
Prop, retire, res. appro
Property, plant and equip., incl. intangibles
and special funds—
——;
On Feb. 1, 1943, the U. S. Supreme Court refused to sustain the
Commission/ sending the case back to the U. S. Court of Appeals for
District* of Columbia (which had previously overruled the Com¬
mission) with directions to return it to the Commission for such
stock of Southern during 1942 were $879,775 as
Other
1943—12 Mos —1942
,
Investments
the
Investment in common
Federal
31 (Including subs, consolidated)
'Assets— ,i/■:/," /•.VV::;/V;v/.-;'^::>-':1942'
1941
Commission's action.
dividends totaling $1.15 a share.
Corp. from its
expensestaxes
$1,560,704 $17,646,120 $17,295,513
558,481
6,437,977
6,728,043
232,687
1,923,917
1,980,860
89,878
932,535
954,149
175,000
2,100,000
1,966,666
Consolidated Balance Sheet, Dec.
the reorganization on an equal footing with similar
The Commission required that such preferred stock
corporation upon payment in cash of cost plus
4% interest.
Accordingly, a liability for such payments at Oct. 31,
1941, amounting to $313,190, was set up on the balance sheet of the
corporation.
However, the parties affected sought court review of the
During the year 1942, Southern paid
/
.**__**._*—***^*_—***,;——
depreciation**,**./
/# Net income
Earnings—
1943—Month—1942
$1,755,061
596,928
252,099
87,138
175,000
revenues—*.
Provision
surrendered to the
The total dividends received by Federal Water and Gas
Operating
Operating
1941
$1,296;311
' 20,000
,*
•.—_*...;—*———*—*;*_*——_.
Federal income taxes
——*_****
Other charges', '/./u-i,**.—/—****:.
;
of the SEC, dated Sept. 24,
of Federal Water Service Corp.,
by officers and directors from
months.
Florida Power & Light Co.
98,203
1942
General taxes
participation in
preferred stock.
Of 60
1,187,166
$2.06
'
miscellaneous expense^——.
for
Provision
U; S. Supreme Court Decision—The order
a
1,739,157
$288,022
$147,755
Dividends applic. to pref. stocks for the
period.
$1.50
—
„
**_**_*;—_**—**—,.*—«;
Miscellaneous
excluded certain preferred stock owned
at
2,063,690
1,402,928
oper, income—
157, p. 1942.
/
Period End. April 30-r-
Earnings of Corporation for Calendar Years
Corp. will be distributed to the stockholders of the corporation. There¬
if any, will be sold for
cash or, in the alternative, such investments will be distributed to its
stockholders and .it is expected that Federal Water and Gas Corp, will
be either dissolved or merged into one of its subsidiaries.
1942
2,592,639
2,033,584
from railway
Net income
after the remaining assets of the corporation,
other
6*449,003
3,692,492
$2,027,366
Earnings per common share——*——
.
taxes and
4,881,899
Net ry.
$6,012,046
3,676,036
308,644
$1,468,855
584,435
—
Common dividends declared—*
,
Increases in expenses were
$4,865,056
3,103,181
293,020
.*
Charges of subsidiary companies.
li¬
tharges of Federal Water & Gas -Corp.-
Common
Gas
156,218
5,329,538
—V.
187,638
Proceedings Under the Plan—The corporation is proceeding under the
to dispose of the securities which it owns of
water companies, and on Feb. 13,M943 sold the securities of Union
Water Service Co. for the sum of $1,200,000.
The proceeds of this sale
and of other sales/ if and when made, will be used to retire the de¬
bentures of the corporation and it is presently contemplated, although
the plan cannot be consummated without the approval of the SEC, that
the remainder may be used to purchase additional common stock of
Southern Natural Gas Co. to put that company in funds with which it
can round out the present system of production/ transmission and dis¬
tribution of natural gas.
Upon the conclusion of these steps the stock
of Southern Natural Gas Co, then owned, by Federal Water and Gas
Natural
266,682
6,370,322
$5,824,407
order of the Commision
Southern
*735,811
11,993,185
.
looking to a voluntary plan of compliance
by the corporation with Section 11, for itself and for its subsidiaries.
As a result of such conversations, application was made to the SEP
for approval of a plan under which the corporation would divest itself
of certain securities and other assets, pay its indebtedness and dis¬
tribute its remaining assets to its stockholders, and, as a final step,
either dissolve or merge into one of Its subsidiary companies.
Such
application was filed with the Commission on Dec, 31, 1942 and the
Commission entered an order for a hearing on the plan and instituted
1 proceedings against Federal Water and Gas Corp. and all of its sub¬
sidiaries under Section 11 (b) of the Holding Company Act. • Thereafter
a ,hearing was held on Jan.
18, 1943 at the office of the Commission in
Philadelphia and on Feb. 10, 1943 the Commission handed down its
findings and opinion and order approving the matters presented at
such hearing.
'/./";v /:///
preferred stock on the same basis as common stock was issued
to similar preferred stockholders in the said reorganization.
The number of shares of additional common stock to be issued would
be 73,859 with an aggregate par value of $369,295. . It is believed that
the officers and directors, upon the issuance of such stock would be
entitled to receive payment on the above shares for all dividends de¬
clared since Oct. 31, 1941.
Such dividends at Dec. 31, 1942 aggregated
70 cents per share or $51,701.30, which amount when paid would be
charged to earned surplus.
323,374
—_*
'Other income */——****.**———.—*——/■• 244,579
officers of the corporation
be
$1,076,986
433,139
From January l—
from railway*—.
■
sale of securities which it owned of Pittsburgh Suburban Water Service
Ccj. and the sale was consummated in November, 1942.
In view of the favorable consummation of this sale, and'the interest
shown by other prospective purchasers in the securities of subsidiary
companies of the corporation, the officers had reason to believe that
the other sales which would be required under a plan such as that
proposed could be made at advantageous prices.
Conversations were
entered into between members of the staff of the Commission and
reorganization
1940
$1,231,183
905,665
*
'"•/
The management made an investigation to determine if it would be
practicable to conform to the views,of the Commission without detriment to stockholders of the corporation.
General conditions were con¬
sidered to be somewhat propitious if a market could be found for the
securities to be disposed of under such a plan.
There was an excellent
piarket for securities of municipalities and districts and such munici¬
palities and districts were potential buyers of water properties owned
by the corporation. And further, Supplement R of the Internal Revenue
Code had been amended by the Revenue Act of 1942 to permit special
treatment for gains realized by public utility holding companies and
their subsidiaries which sell or exchange properties or securities of their
systems in compliance with the' integration provisions of the Holding
Company Act and an order of the Securities'and Exchange Commission.
During October the corporation received a favorable offer for the
the
1941
$1,848,856
Net
..
reorganization would have followed.
approving
1942
$3,145,944
1,702,298
953,251
Gross
31
Operating revenues-**
*—
,*—*; $20,059,003
$17,745,425
Operation ——
:,
*—**/**_——*:
4,551,682
4,653,313
Gas purchased
—*
•*—
3,445,398
3,239,598
General expenses charged to construction*—
Cr91,159
Crl49,504
Maintenance
****—:
627,601
557,272
Depreciation,—***_
—.—
3,076,079
1,711,022
Retirements ***—/—,—*—*_*—
——. ■
130,950
133,477
General taxes '*/—_—
—"__**—*—.;*:**—*—/ '■ 1,469,937
1,379,119
Federal income taxes*—:
;*■
;_—*—»
2,047,477
888,959
Federal excess profits tax———*_*————.
42,944
; 72,253
State income taxes—.;
i*__«*_.;
64,818
108,307
The contemplated proceedings against Federal Water and Gas Corp.
would have required it to conform to the integration provisions of the
Holding Company Act by disposing of the securities which it owned of
all water companies and of such other securities as the Commission
should determine to be non-retainable under the provisions! of the Act.
Scranton-Spring Brook -Water Service Co. would have been required to
redistribute voting power of its securities and doubtless an accounting
1941,
railway***.
from railway*;
Net
1941 '
•
1943
from
Net ry. oper; income**.
to
Statement of Consolidated Income for. the Years Ended Dec.
The
.
AprilGross
another
'
-
Earnings for April and Year to Date
'
properties in Mississippi
similar, properties owned by Peoples Water , and Gas Co,,
subsidiary of the, corporation.
Mississippi Public Service Co.
purchases all of its gas requirements from Southern Natural Gas1 CO.
adjacent
The management did hot contemplate that the year 1942 would be a
year in which substantial progress could be made on any such plan,
believing that the energies of the country would be sufficiently absorbed
fn the war effort so that there would be little time for other activities.
*,
company
2149
Income
General
Provision Or
——.
_—**„__—***——*——
depreciation——
Provision for taxes other than
Gross
1943
'
*
—*
expenses
income
_*.———
Federal income*
1942
$875,276
$561,324
155,092
174,588
1,317
19,766
$679,605
—
:
727
86,249
$319,256
Other deductions from income*—*.—*__**—
138,198
104,052
income taxes——.—
$541,407
41,000
$215,204
33,886
$500,407
$181,318
Balance before Federal
Provision for Federal income taxes
Net income
—V. 157, p. 2041.
*
——
*
*
;
General Precision Equipment Corp.—Secondary Offer¬
ing—A group headed by White, Weld & Co. and includ¬
ing Blyth & Co., Inc., Hallgarten & Co. and Merrill
Lynch, Pierce, Fenner & Beane made a secondary offer¬
ing of 63,300 shares of capital stock (no par) at $24^4
per share, after the close of the market June 1.
The
issue was
oversubscribed.—V. 157, p. 1844.
declared a dividend of 30 cents per
28
May
directors on
The
meet the unprecedented
share
order,
in
1942
25
cents
were
each, and Dec. 22, 35 cents.—V. 157, p.
Ry. operating revenue—
Ry.
fr. ry.
Net rev,
1943.
$104,735
4,722
tax
4,804
18,779
2,087
9,381
8,658
8,422
$12,781
$87,609
Drl9,679
Drl,897 '
income.
$11,726
$6,509
$59,999
18,801,376
16,628,547
13,230,789
of
26,300,208
21,236,550
17,436,498
2,509,275
2,492,003
2,359,067
28,501,753
814
1,170
868
& struct.
equipment—„
after the deduction of expenses incident
will amount to approximately $9,250 to
proceeds, which,
transactions,
subject
improvements
41,672,967
34,862,432
1,506,469
2,528,181
1,001,720
836,991
859,003
2,317,214
2,161,732
2,284,773
215,100
157,774
149,737
71,887,555
46,721,517
35,841,423
31,320,703
30,727,340
16,867,023
12,273,206
10,121,469
41,160,215
29,854,494
23,568,217
21,199,234
Net
1,359,935
1,223,884
629,075
1,361,148
1,314,181
Other
400,005
300,458
expenses
Transp.
for
——r
invest.—Cr
fr.
rev.
Subs.)—Earnings—
X,"/)';/'V.V'/
1943
Honolulu Oil Corp. (&
v,
line
General
Net
15,431,415
to
be
additions, extensions and permanent
to the plant and property of company.—V, 157, p. 1459.
placed in a special fund for future
opers.—
Miscellaneous
3,880
the
28 issued an order
May
on
2,276,335
30,034,420
$31,781
income-
11,259,128
of way
Transportat'n—rail
Dr7,758
Dr7,931
such
of
.
91,783,373
Maint.
Dr29,136
Drl,937
$
$
101,743,146
Maint.
$68,676
Dr4,375
8,071.68
8,068.72
$
125,044,883
165,206,031
Traffic
$18,098 "
oper.
rents
1939
1940
8,071.53
8,094.73
—
revenues—
oper.
Years
1941
$
8,422
2,087
Dr4,435
income
(net bal.)
Joint facility rents (net
balance)
—'—
Railway
of revenue earned.
road
of
mileage
operated
Ry.
19,216
2,221
accruals.
accruals-
tax
(Railway
transportation of troops
Calendar
for
1942
Aver.
2,406
regular
•"Railway
Equip,
$588,605
483,870
$124,428
$21,759
$27,446
oper._
Account
Income
510,427
$634,855
the government, for
cents out of each dollar
18x/%
to about
accruals—
tax
Railway
l-j'
expenses
oper.
years.
freight, which were made for the most part to equalize land grant
rates of competitive railroads,
amounted to approximately $4,500,000
in 1942.
The railroad's taxes totaled $30,727,340, which was equivalent
1943—4 Mos.—1942
1943—Month—1942
$162,795
$142,045
135,348
120,286
April 30—
13
for two
reductions granted
SEC
The
and
Georgia & Florida RR.—Earningsperiod End.
had
some
Rate
A similar distribution
June 8.
has
road
value capital stock, payable June 29 to holders of record
was made on March 30, last.
Payments
as follows;
March 30, 35 cents; June 29 and Sept. 29,
the no par
on
Co.—Issuance of Securities—
granting the application of the
company regarding the issuance of one or more 3'/4% 20-year notes
■in the aggregate principal amount of $450,000 and the private sale
thereof to John Hancock Mutual Life Insurance Co. at 103.5%
P'us
interest from the date of such notes, namely, June 1, 1943, to the
date of the consummation of such sale, and the issuance and sale by
company to Greenwich Water System, Inc., its sole stockholder, ol 400
shares
of
common
stock (par $100), for a cash consideration of
$60,000, and the application of the proceeds of such sales of securities
to
the
payment of the $375,000 first mortgage bonds of company
maturing June 1, 1943, and to the payment by company of its $136,500
indebtedness to Greenwich Water System, Inc., the estimated balance
Hingham Water
said, were especially needed to continue ..to
demand for war-time transportation.
The rail¬
5,400-horsepower road freight Diesel locomotives on
he
replacements,
Power
Co.—30-Cent Distribution—
General Refractories
Monday, June 7, 1943
FINANCIAL CHRONICLE
THE COMMERCIAL &
2150
opers.
ry.
V
3 Mos. End. March 31—
Gross
1942
$1,715,888
$1,468,297
570,264
income
operating
547,677
than Fed
Costs, operating expense, taxes (other
eral income) and general expenses
amortization, surren
abandonments, etc
Depletion, depreciation,
',.■•■ dered leaseholds and
oper.
ry.
Non-operating
income
Gross
to
applic.
Surp.
Insurance Act of
322
1937.
Act
—Jan. 1 to May
Week End. May 21
revenues
157,
39,445,076
-
21—
Total
1942
$735,954
$32,800
$683,255
income
Fed.
(
depreciation.
prof,
taxes—
306,371
$585,670
$411,142
223,005
$6,135,632
2,676,064
$5,390,520
223,005
$362,665
—
Balance
-V.
305,663
$188,137
$3,459,568
available
604,881 1
926,706
42,765,017
30,701,079
charges
13,710,996
13,915,920
14,212,128
income
29,054,021
16,785,159
10,208,194
8,686,425
24,420,322
sink,
to
other
&
Inc.
• .■
in
phys.
Miscel.
'
/
:
•
',.372''
transf.
bal.
and
profit
Dividends
28,802,399
16,510,260
4,997,790
9,930,131
1,249,448
$11.63
$6.72
$4.09
$3.48
~
Sheet, Dec. 31
General Balance
:
1942
1941
(
Operating revenues
205,791
221,676
576,093
390,310
67,250
1
—————
77,741
189,055
145,423
Operating expenses
————
purchased for resale
—
—
Electricity
Maintenance
;
——
of fixed capital
(deprec.)
retirement
for
Prov.
Federal income taxes
92,697
66,350
104,805
104,032
————
————j_~—_—_
...
—
•"■'
1942
Traffic
Operating income
income
Gross
Interest
Amortization
on
and
receivable
bal.
Net
Miscellaneous
Material
and expense——
7,367
Net
from
Net
ry.
7,070
446
356
1,419
.
——
458
$48,080
$29,227
,
1941
1940
$694,076
$396,729
$335,748
315,318
289,345
64,548
54,058
96,216
379,501
80,061
from
from
Net
Net ry.
~~V.
3,584,036
railway.,.—
railway...—_
1,648,900
income
1,438,533
oper.
2,517,581
1,001,660
897,350
f
1,252,379
207,408
173,800
406,747
350,770
from
1942
1941
1940
$630,722
$206,304
31,505
'.1,176
905,007
184,208
69,839
__
288,308
$330,676
108,599
income—
73,213
19,742
$257,545
59,748
11,700
railway—
railway
From January 1—
Net from
Net
2,449,645
1,394,276
1,355,980
1,219,671
453,922
482,932
income.—
329,384
181,494
228,821
oper.
ry.
—V.
railway-
railway—
from
Gross
157,
1743.
p.
directors
The
common
and
Dec.
have
declared
distributions
26, 1941.—V.
a
dividend
of
17 V2
cents
per
share on
15. This
Dec. 24, 1942,
of
157, p.
35 cents each made on
1943.
Great Northern Ry—Annual Report—
Railroads
are
that
is
anticipating
wearing out,
plies and manpower.
more
further
increases
in
traffic
before
the
and
of obtaining necessary materials,
This problem, he warned, is continually becoming
holds
and
Gavin said,
demonstrated
an
peace.
passenger
traffic
which
with 300 fewer locomotives and 5,000 fewer
freight cars. Mr. Gavin attributed a large measure of the credit for
this achievement to "the cooperation of shippers, the armed forces
and the Office of Defense Transportation.
.
"The railroad's capacity has been increased by expediting repairs,
modernizing equipment, adopting numerous conservation measures, by
the fine cooperation of employees generally, and the extraordinary ef¬
forts of many of them."
Despite advancing costs of materials and supplies, higher wages and
taxes, the railroad's net income, $29,054,021, was the largest in its
liistory, and Mr. Gavin pointed out that' this has helped the Great
Northern "partially to recover from the setbacks suffered during the
depression years."
The Great Northern, during 1942, reduced its net funded indebted¬
1929,
and
was
handled
.
ness
nearly $20,000,000, and spent $14,275,000 for additions
provements.
Mr, Gavin, however, stressed the fact that it
been
of
(The earnings for
90,001,
at the 1942
V".
•
Balance Sheet, March 31, 1943\
post-war refund of $25,000.
the first quarter of 1942, as adjusted, were
71,703,845
prop,
3,692,608
3,673,628
59,073,024
36,444,149
imate
market,
250,000
250,000
bonds,
130,736
152,013
$105,704;
$10,090; other assets,
equipment (less depreciation reserves of
$1; deferred charges to
operations, $22,857; total, $2,770,011.
—..
——
__.__._i_.
through inc. & surplus—
through inc. & surplus-
retired
reserves.
!
reserves
surplus
not
specifically
3,252,851
invested
'
,
y_:
3,252,851
116,771,743 115,401,668
$0.20
or
share, after providing $156,000 for income taxes
a
■rates..
•
,/.%
*■'-■
three
first
of
months
U.
accrued interest receivable,
$39,262;
etc.,
land,
buildings and
goodwill and trademarks,
$484,360;
$318,625),
future
customers' accounts receivable (less $3,500
inventories, adjusted for transfers made during
1943, $317,340; marketable securities at approx¬
S, Govt, securities, $868,465;
railroad, municipal
$292,175;
reserve),
■
$629,756;
Assets—Cash,
v
872,147,860 845,208,220
not
aggregate net profit and loss deficits to Dec. 31,
include
payable $128,940; accrued payrolls, taxes and
provision for Fed. income taxes,. $522,669; reserve
$103,000;
capital stock
(par $2.50), $1,200,000)
surplus, $626,495; total, $2,770,011.—V. 156, p. 1865.
or
of subsidiaries in which this company
indirectly a majority of the outstanding capital stock.
From January
Gross
from
from
and im¬
had not
possible to secure all of the equipment and materials needed.
1940
1941
$9,211,269
$6,550,619
3,213,098
1,790,491
2,300,940
968,828
1—
railway.—
income—.
39,076,449
28,067,184
unanimously
unade
by
to
6,471,981
4,973,223
the
3,110,783
1,713,602
5,000,195-
157, p. 2042.
1942
1941
$186,698
$156,168
55,699
50,114
37,637
24,788
25,912
>18,789
-
from
Gross
Net
from
Net
ry.
—V.
1—
:
misdemeanor."
.
that upholding of the Supreme Court ruling might
throughout the United States" and
might "seriously impair the operations of licensed lenders who have in
'good faith attempted to comply with statutory requirements."
The Appellate Division ruled that the statement given to the plainiff
"was sufficient to comply with the statute,"—V. 157, p. 1559.
income
628,301
244,274
129,937
'
558,218
209,891
731,739
868,858
329,401
208,071
railway
157, p.
162,386
110,674
87,136
Net
from
ry.
railway.—
oper.
Net
from
Net
Earnings—
1941
1942
1940
$204,512
$135,646
$160,522
"2,057
"38,984
10,982
50,038
ry.
*19,184
3,024
648,784
163,391
565,463
421,095
146,759
30,654
*54,886
income_._
railway—:
oper.
income.
—
157, p.
38,166
42,779
1943—12 Mos.—1942
$44,947
$598,500
$554,077
31,969
29,180
383,456
358,646
......
Taxes
30,055
operating
Non-oper,
revs.—
2,403
1,799
29,893
8,304
Maintenance
Net
1943- -Month—1942
$50,803
revenues
8,083
96,818
86,153
$5,885
$88,334
$79,222
$8,126
.
Balance
net-
316
1,087
4,843
10,572
;■
income,
$8,442
$6,971
$93,177
$89,794
2,917
2,917
35,000
35,000
Gross
income
$5,525
$4,055
$58,177
$54,794
Interest
charges
51
531
519
Retire,
Net
res.
accruals-
income
Dividends declared
r-V.
157, p.
1559.
a
t
total of
sinking fund debentures due May 1, 1954,
Payment will be made at the Maryland Trust Co.,
Baltimore, Md., or at the Bankerk
16 Wall St., New York, N. Y., or at the Boatmen's National
Trust Co.,
Bank of St. Louis, St. Louis, Mo.—V.
\
157, p.1944.
of
<
Huyler's—$1 Accumulated Dividend—
directors
have
accumulations
on
declared
the
$2
a
dividend
cumulative
,
"
"
"
43
made
this issue
Feb. 25, last,
payment
was
Sept.j 25, 1942.—V. 157, p. 817,
on
$4,011
$57,646
$54,275
49,140
46,683
on
on
V
.
A similar
compared
—
with
50
»
Illinois Central RR.—Annual Report—
The
operating revenues of company for the year 1942 amounted tb
revenues greater than those of any previous year in its
The increase over 1941 was $70,588,096, or 49.56%. This rec¬
ord traffic was moved with 572 locomotives, 1,075 passenger cars and
<18,458 freight cars less than the number in service during 1926
;
Freight revenues aggregated $178,969,303 in 1942, exceeding that of
the previous year by $58,497,874, or 48.56%, and the previous hiah
(1926) by $33,920,485.
K
Tons of revenue freight increased 33.60%.
Revenue net ton miles
increased 55.93%, the average haul per ton being 291.30 miles, an in•crease of 16.72%.
The average revenue per net ton mile was 0.807 cent
$213,026,422,
history.
compared with 0.847 cent in the previous year.
revenue
fective
$5,474
;
of $1 per share on aocount
participating first preferred
•stock, par $1, payable June 25 to'holders of record June 15.
cents
1649.
Period End. April 30—
of Aug. 1, 1943,
4(4%
15-year
102 and interest.
The
953,570
120,487
*29,918
Haverhill Gas Light Co.- -Earnings—
Operating
Operation
of
as
28,254
26,253
1—
railway—..'
"Deficit.—V.
called for redemption
have been
trustee, Calvert and Redwood Sts.,
$121,788
railway
from
..
.
consequences
Houston Oil Co. of Texas—Debentures Called—
There
at
1943
from
a
"widespread
$490,500
1743.
Gulf & Ship Island RR.-
Net
guilty of
.
railway—
oper.
1940 V'
$139,269
for the corporation maintained that the
"not only forfeits all similar loans by Household
lenders, but renders these companies and their
The attorneys said
have
'
'
.
attorneys
by
licensed
other
and
officers
-Earnings-
■:
lower court judgment
f
Green Bay & Western RR.
April—
1 ;
1943
Gross from railway....
$218,374
Net from railway.——
74,552
Net ry. oper. income
;
43,653
filed
brief
A
technical grounds that the statement
comply with the requirements of the
corporation upon
borrower did not
the
given
23,369,534
11,120,904
52,071,760
16,156,510
7,082,032
Corp.—Small Loans Held Valid—
Appellate Division of the New York Supreme Court on May 28
reversed a Supreme Court decision invalidating a loan
The
State banking laws.
railway—
oper.
contingencies,
Household Finance
Earnings for April and Year to Date
1943
1942
Gross from railway.... $14,242,480 $11,174,799
3,642,468
Net from railway—
4,745,020
Net ry. oper. income—
1,708,084
1,956,132
$188,906;
expense,
for
From January
is
transportation, and in addition had taken over the
formerly moved by intercoastal steamships.
The Great Northern's freight traffic in 1942 was 65% more than in
and
$149,279
$0.31
$143,518
$0.29
($92,581
t$0.19
"After deduction
81,949,179
to
:
April—
Gross
critics
large volume of war
of
855,383
380,154
directly
noteworthy that the railroad industry, depending wholly upon
its own resouroes, rigidly regulated and heavily taxed, has discharged
its obligation so successfully to a nation at war."
The railroads, he said, had been able to handle the increased traffic
incident to the war while meeting civilian requirements for freight
times
"It
profit
6,546,611
liabilities
"Profit and loss credit balance—
Gross
in
$117,119
$0.24
Net
7,117,567
400,934
Appropriated
"the railroad industry has
ability to handle an ab¬
traffic with the same dependability as
normally
6,237,868
839,376
6,129,507
liabilities..
April—
"During the past year," Mr.
its
Net profit per share....
137,450j
25,000
for
2,208,238
sup¬
critical.
confounded
107,000
32,100
excess
tax y—
conting...f_
314,526,313 334,740,550
payable—
payable
wages
liability
From January
peak of war-time requirements for transportation is reached, F. J.
Gavin, President, advised stockholders in the annual report.
The railroads' immediate problem, he said, is that of replacing equip¬
ment
Federal
9,493
55,380
tax.
139,038
Miscellaneous fund
—V.
stock, payable June 25 to holders of record June
with
compares
7,892
8,529
58,540
"227,225
inc.
12,878,896
371,479
debt
Net ry.
the
$190,871
credits
Unadjusted
Net
City Steel Co.-—17 ^-Cent Dividend—
Granite
Prov.for
1942, amounting to $10,552,070,
1943
oper.
ry.
$288,861
Liabilities—Accounts
Georgia Southern & Florida Ry.—Earnings
Net
$263,490
8,716
for Fed.
Reserve
Total
AprilNet
4,908
$436,600
—
26,363,046
1,108,081
current
"Does
from
881
139,647
deferred
157, p. 1742.
Gross
3,444
132,896
Sinking fund
1,567,612
$185,963
7,458
accrued———
Other
Funded
$260,045, y'$287,980
$429,142
•
unpaid.....—————
interest
tax
Additions
59,026
Depreciation
249,092,150 249,092,150
unpaid...
matured
Other
1942
From January 1—
Gross
4,980,715
2,057,901
—'
and
accounts
matured
Interest
Dividends
par).__.
—
accounts
Audited
1940
$244,989
83,160
items
Profit
872,147,860 845,208,220
construction......—
of
Long-term .debt
Unmatured
425,363
income—
aid
1941
$371,140
80,514
■
and
bonds
on
profits
shares/no
1942
$340,560
100,951
229,844
1,645,274
5,942,006
(2,498,922VSs
stock
Miscellaneous
._
...
$917,603
railway
oper.
285,040
1,660,038
inc.
miscellaneous
Liabilities—
~4~753
•V*
_.
1943
railway..
—
1943
$530,093
-
profit-
Operating
Net
'
Prov.
Grants in
Georgia RR.—Earnings
from
40,990
_______
assets
....
Accrued
Gross
11,986,751
38,653
Unadjusted debits
Capital
r
April—
29,463
41,387
assets
3,567
companies
—
>
Deferred
3,176
deductions...
—
current
4,322,032
14,317,044
receivable...——
receivable
Other
10,001,627
_I.__.__.
depreciation and amortization of $20,$20,481,219 for Dec. 31, 1942.—V. 157,
y.r.
Manufacturing profit
Sell., gen. and adm. exp."
7,849
charges—-———————
157, p. 993.
2,243,237
supplies—
dividends
7,248,620
Co.- -Earnings-
Mfg.
3 Mos. End. Mar. 31—
840,360
4,754,634
agents &
receivable..:
accounts
and
and
Interest
1,010,767
conductors.
from
depletion,
y
Hoskins
20,921
4,638
balance—Dr.—_____
car-service
158,584
2,157
discount
associated
income
income
Net
$227,365
157,118
;
charged to construction, Cr
Interest
"Miscellaneous
—V.
$200,532
debt
interest—
debt to
interest
Other
debt
on
2,484
—
—————_—
of
assumed
Taxes
Interest
$224,881
1,807
——
long-term
on
$198,725
——————
net—
income,
102,720
f
receivable.—:
bills
and
Loans
1743.
p.
$608,190
:1,811,579
9,285,945
47,500
6,005,400
Special deposits
Rents
Other
13,014,000
investments
for
reserves
871,677 for March 31, 1943, and
30,967,878
101,980
cash
Temporary
!
*.
$19,357,686 $19,001,834
"Less
$
28,397,676
125,280
■
$571,630
Total
792,587,560 781,783,445
—
.
153,926
16,908.218
-''/y.-v
accrued property
payable,
obligations —
1,785,600
Capital .^Atock—, 9.285,945 .
Capital surplus (paid in)
:
47,500
Earned surplus
7,667,011_
8,408,425
4,997,795
loss.
$
$1,230,414
■
accounts
and
Long-term
share....
per
Investments
1943
17,150,382
91,896
$19,357,686 $19,001,834
Liabilities—
Notes
_
$1,814,409
special funds
.•
receivable—.-—...'/y; 113,884
Total
to
declared
Earnings
$1,434,416
accounts
lands, leases,
and: other taxes
Inc.
Georgia Power & Light Co.—Earnings—
$2,001,524
companies,
other
in
deferred
'42
inventories,
supplies—....——
intangible drilling costs, etc.
Prepaid and deferred charges.
15,000
15,000
■•/-
$0.52
Mar. 31, '43 Dec. 31,
and
materials
and
'.vs'.'J,..';
of
—
Assets—
12 Months Ended March 31—
and
234,436
Sheet
Consolidated Balance
banks, accounts receivable,
in
Cash
••'■•V
'
15,000
1,250
prop.___.___
_
263,000
263,063
259,899
250,000
for invest;
approbations
..income
$484,888
Condensed
"Oil
v
■
funds
res.
approp.
3,850,380
2,676,064
-r
•
1742.
157, p.
Other taxes
Cash dividends paid
810,048
Net
applied
46,986
$652,431
■■
234,436
share—$0.70
taxes—.
Assets—
.
$531,874
49,378
—
Federal income
before
income
Earnings per common
22,902,195
14,215,770
Income
—
income..
from
deductions
Total
for
$2,714,456
stock
pfd.
on
$9,240,900
$892,041
Income
Net
Divs.
1,028,479
$9,876,222
3,740,590
$716,805
deductions.
oth.
&
23,712,243
25,025,203
31.627,785
44,037,954
1,272,937
charges
3,124
income..
$525,507
6,367
income
Investments
8,374,193
income
Gross
Int.
1,316,993
——-
taxes—
exc.
operating
395,113
$698,684
4,127,648
Fixed
1943—12 Mos.—1942
$3,345,057 $44,362,084 $38,436,421
16.254,319
17,851.016
1,252,716
4,184,040
4,571,200
374,250
3,531,376
3,859,067
1,001,285
2,600,610
1,427,083
1,327,714
394,300
expenses
income
Federal
3,218,139
—
fixed
1943—Month—1942
$3,931,047
,
taxes
General
3,626,250
Miscell. deductions from
Earnings—
Co.
Power
revenue
for
19,584,595
4,592,878
——
,
1943
1942
$34,450
—
Period End. April 30—
Prov,
21,807,064
income
Other
Income
Operating
28,001,535
2042.
p.
Georgia
Gross
355,204
facil.
Jt.
Net
1943
—V,
oper.
Equip.
1.344
'
incomerents—net Dr.—
rent—Net Dr.
Ry.
$35,662
>
a
1938.
Period—
Operating
'
'
$7,357
$59,504
$34,318
(Federal Railroad Employment
$12,196
Taxing
$60,867
1,363
$7,*679
344
int._
Railroad
"Federal
$12,540
_——
income-
from
Deducts,
tax
Ry.
446,940
$701,808
Net
ume
of
volume
This decline in
average
mile, notwithstanding the increases in rates ef¬
of the year, is accounted for by the large vol¬
government freight transported at land grant rates and the
of low-rated commodities.
Approximately one-third of the
per
the
net
ton
early part
freight revenue was derived from coal, stone, petroleum and petroleum
r
Volume 157
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4183
products, which accounted for more than 50%
■
"'
'
' r
'
;
miles of carload traffic.
•
•
Preferred
.the
tation
of civilians
needs
well
the
as
military,
Taxes
in
and
1942, exclusive of
the indirect
Unmatured rents accrued
Accrued
supplies
purchased by company, amounted to $26,580,212,
•an increase-of $13,113,221,
or 97.37%.
Federal income taxes account
for $10,827,97.9 of the increase; Federal unemployment and retirement
taxes, as
the result of additional
employment and higher wages
State,
some
Funded
Debt
Transactions
Other
1942
debt
funded
by the total amount of $26,208,340.
This sum is equiva¬
lent to 7.11% of debt outstanding at Dec. 31, 1941.
The ICC recently
figures
debt reduction for 1942, compiled from
This publication shows that the
Illinois Central RR, stands second highest in the dollar amount of debt
retired, and in third place in the percentage of debt retired as related
to total debt outstanding Dec. 31, 1941.
;\'r'. x X'-X .X'X*XX'
A payment of $10,000,000 was made to the RFC on the note dated
May 31, 1939, reducing the amount of the loan to $25,140,000.
Applica¬
tion was made lor extension of this note to May .31, 1949;: The notes
dated Nov. 1, 1940, were reduced to $1,888,320 by sinking fund cash
■payments of $39,340.
.yxX- 'X ■■■;-%■"'•
V-/XXX ■-X
.published
the
railroad
on
of 35
reports
Class
I
carriers
—
cluded.
difference
The
carried
the
on
between
books
Of
the
the
the securities and items are carried
General Traffic Statistics for Years Ended Dec. 31
X. operated—
.
•% '<■ 194lX'r.
1942
;
6,517 'XX
6,433
.
■
here
1940
-'XX 6;546X%;!
6,556
carried
76,149,545
frf.
rev.
car'd
1
56,999,930
"■•; X,1
Gross from railway. 4
April—
......
42,106,006
44,923,860
X
ton,
.8470
.8070
ry.
1943
•
1942
1,747,915
from
from
Net
ry. oper.
reserves for depreciation, $5,153,817; reserve for amortization of unused
right of way, $310,242; reserves for injuries, damages, workmen's com¬
pensation, etc., $499,868; deferred liabilities, unadjusted credits, etc.,
$343,029;
1940
Other
$7,613,124
32,635,004
68,560,065
income,
15,860,579
37,267,042
10,869,313
11,955,856
.4
51,099,379
23,993,240
.4
railway....
7,218,324
X 7,938,318
X
car'd 1 mi.
1,242,019,560
XV:-v;
mile-.;
pass,
33,181,137 "
31,146,427
X'.,..'XVX.
786,984,207
634,101,103 .
'XX XX'X'-v x:XX;
1.6040
.
1.5670
x
Aver. rev. per.
...
.Earnings of System
39,605,808
1
1.8140
:
30,386,365
x
596,534,568
from
Net
from
Net
ry.
1.5960
Income
Statement
Calendar
for
1942
Sixcess baggage
22,531,696
X-__ X'X" 22,805
.;
Parlor and chair cfer„_
Mail
2,571,733
—V.
$
1941
$8,795,502
1,676,576
2,609,689
1,677,140
641,502
80,927,687
60,408.107
42,432,209
37,420,665
29,045,202
20,221,977
12,348,964
10,588,426
8,698,410
revenue
17,290
X
2043.
Total
ry.
3,558,373
rev._*
oper.
filed
' X
1943
1942
1941
1940
railway___X
$846,126
$719,277
$525,429
12,494,864
15;394,788
29,354,199
23,545,610
2,920,573
-2,797,155
61,317,476
48,952,052
913,831
>
1,612,347
4,890)164
General
>
388,853
272,073
188,931
119,459
Net
ry.-oper.
114,944
155,536
110,837
63,372
railway—*
3,118,237
2,549,900
2,046,647
from-railway.!,X-X-i
1,366,868
948,215
725.867
1,923,061
607,392
459,419
557,726
416,297
335,244
Gross
>
Total
oper.
ry.
exps._
3,746,414
■
^
income_*_
from
,
.
1—;
income._x
1649.
: .
—V.
157, p.
bfcer.
Indian Territory Illuminating:
72,032
85,966,278. 81,646,703
.
29,724,149
28,300,131
40,709,260
73,545,053
16,691
$2,190,583
$3,243,586,
—.
345,623
541,231
77,423
62,539'
1,167,786
761,666
572,031
303,392
253,789
60,972
——
269,674
18,000
323,081
$402,600
252,007
$274,358
$150,594.
$597,439
operating income—.
333,245
157, p.
188,510
$58,886
v_.
--XX———X.
Deficit
$37,916
1083.
Bakeries Corp.^-Bonds
Offered—Offering
$2,500,000 first (closed) mortgage 5% refunding bonds,
due on June 1, 1958, was made June 4 by a syndicate
headed by H. M. Byllesby & Co., Inc.
The bonds were
of
the
Of
proceeds
$2,067,000
approximately
will
used
be
for
the
re¬
demption on Sept. 1,
1943, at 105% and accrued, interest, of all of the
outstanding first mortgage 6% sinking fund gold bonds, due Sept. 1,
1945, issued by Schulze Baking Co. and subsequently assumed by In¬
terstate; $151,875 to the prepaymeht of the real estate 5% note, pay¬
able Sept. 7, 1945, originally issued by Western Bakeries Corp., Ltd.,
and subsequently assumed by Interstate,. an% as an! addition, to, working;
Oil Co.—Delisting-—
Kansas City
28 announced that a hearing has been set for June 14
the application of the Chicago Stock Exchange to strike from listing
and
Central System)
XX Income Account, Years Ended Dec. 31 (Illinois
'(Excluding offsetting accounts between Illinois Central RR , Yazoo &
Mississippi Valley RR, and Dunleith & Dubuque Bridge Co.)
157, p. 2043.
Capital.—V.
The SEC May
139,481,368 101,729,066
1—
684,385
3,915,701
53,732
Net
registration the $1 par class A common stock of the company.
application states, among other things, that the subject security
under suspension from trading on the Exchange since Oct. 1,
The
Net rev, from ry.
''.'Xx"'
Net, ry. oper.
41,665,249
733,829
.
on
:
from
Gross
11.260,765
21,698,547
2,663,375
42,532,851
:
4,257,115
63,492
•^ransp." for invest. (Cr)
—
Fixed charges
$441,478
from. railway—___
April— ;;X
1,967,027
2,056,726
3,040,084
Transport., rail line—*
Miscell. operations k*_X
-
2,428,095
28)820,890
39,800.408
—
'Lw—
priced at 100 and accrued interest. In the syndicate are
A. C; Allyn & Co., Inc., the Central Republic Co.,
Inc.,
Farwell, Chapman & Co. and Stern Brothers & Co.
;■.'
Illinois Terminal RR. Co.~ -Earnings-
From January
Ry. Oper. Expenses— of way & struct;
of equipment-_x
'•Traffic
1—'
Maint.
28,052
13.715
—
Interstate
The SEC. has
tion
213,026,422 142,438,326 114,266,410 111,370,852
•Maint.
$2,145,840
Taxes'w:XXX-XX^X_X—XXXX-XXX_^
-V.
permitted the withdrawal by the company of an applica¬
July 15, 1942, relating to the proposed acquisition of all or
part of the publicly held preferred shares of Kewanee Public Service
Co.—V. 157, p.-1650.
22,381
2,358,256
2,060,589
hotel,
.
1942
$3,195,934
33,936
^X__„,:X_—i.
Operating income before taxes
4,671,228
1
Net
etc.,
Operations)
8,674,619
14,319,145
;4
income.
p.
Bus
operation
Conducting transportation jl.
General,
including accidents.
Depreciation ■;
XXX-iXXiXXXRetirements
X__——
Net
railway-
157,
and
1940
Illinois Iowa Power Co.—To Drop Stock Purchase—
1,930,618
-;X 112,021 ->!' 126,973
206,605
183,728
1,710,759
1,583,870
195,623
2,007,154
•
3,370,360 ;
railway..
ry.- oper.
9,529,182
118,797
236,726
2,249,033
from
Net
'
9,943,008
X'•'
income.
from
$22,107,576,■
93,521,556
1,916,628
142,546
Other passenger train __
Switching :
Dining & buffet,
$
X, 19,661 ' ;X 17,340
24,333
22,684
2;714,109
2,350,654
2,709,634
:
'Milk
1939
'
95,915,992
12,542,496
34,573
•
,Express
,
$
rail way— .4
Net
1940
178,969,303 120;471,429
—-
Passenger 'r
1941
$
Ry. Oper. Revenues—
Freight
Years
revenues
Power
7,370,061
4,179,785
%
1942
.
$19,903,954 $16,130,221 $10,492,207
' 6,868,507
/ 5,961,156
2,669,356
railway—
oper.
■
TOtal'
554,781
From January 1—
Gross
X
j:
1943
April-
Gross
total,
1,373,850
'
X
'
carried
$6,039,350;
1943
Passenger revenues;'
Freight revenues
'
Revenue pass.
surplus—deficit,
Earnings for 8 Months Ended March .31
.
Revenue pass.
1943
31,
Maintenance -'U—
railway-
Net
$512,006
common
which
$9,010,355.
2,165,835
1,295,921
4,541,565
v
,
83,226
$554,683
Liabilities—7% cumulative preferred stock ($100 par), $1,609,700;
stock (167,075 shares, no par), $2,194,851; funded debt, $16,104,000; conditional sales contracts covering purchase of buses, $1,042,935; audited accounts, wages payable, etc., $307,549; accrued in¬
terest, $80,934; estimated liability for resurfacing pavement, $500,000;
-.'
24,650,953
1941
$17,046,756 $13,669,096
December
45,040
28,573
coupon interest, etc.x $352,804; unamortized discount, etc., on bonds
outstanding,
$614,920;
other
unadjusted
debits
and
prepayments,
$32,887; total, $22,107,576.
506,000
36,055
52,949,894
From January 1—
Gross
.9130
.8780
3,982.475
XX XX-Xx
of company only
from
Net
...
mi.
1 mile
11,440,200
at
949,230
44,979
Assets—Investments, $19,788,209; cash, $922,870; materials and sup¬
plies, $308,187; accounts receivable, $84,375;
other current assets,
$3,324; special deposits—workmen's eompensaUori and li&bil. insurance,
by the bwning companies is entered
.14 ; v5,754,528
railway2,864,882
oper. income.
Net
22,182,444,688 14,225,924,549 10,924,403,823 10 245,927,314
Tons all frt.
.'r'
-V•. •- /r-v-XxxXX1'^" X X';%
,
car'd 1 mi. 23,895,015,000 15,704,462,000 12,352,721,000 11 564,034,000
Aver. rev. per
•' '■
— '
■■■'■">!■
•
amount
Sheet,
121", 469
175,479
t
Balance
527)36$
77,560
.
—
and face value of such items
the
$1,214,327
,
(Rail
Earnings
Tons, freight
Tons
Net' '.loss
j.—X-
772,475,073 765,164,752
and
$350,972
579,063
to balance.-
1939
-
par
subsidiaries
5,878.223
right of Way
—
Depreciation—other physical property i——*„
Depreciation on real and bus property
Amortization of bond discount and expense,,—
Miscellaneous net rentals, taxes, etc.:
;X; * Does not include .Alabama & Vicksburg Ry. and Vicksburg Shreveport & Pacific Ry..
XXX;
..X'XXx;- •'■•"X :X";X:'X r 'XX"X! '
'■ X'"'-'"
X ; Note—As Xtliis .;,cohsoiidated balance sheet excludes inter-company
items, securities and accounts among the system companies are ex¬
as
1941
$7,092,550
9,592,817
„————
Operating income
■
,
Average miles
—
1942
$9,943,789
expenses
Amortization—unused
17,534
29,558
reserve
i_————_*——
Total,
■
—
Operating
947,768
4,745,313
—
Years—
——X
110,098,595 107,057,378
11,921,547
17,047,261
———X*———!*;—*——_
Dr6,346
Premium; on funded debt—_—X—**_—22,115
Additions to property through income and surp.
11,468,987
Sinking fund reserve™-————
4,184,218
Miscellaneous fund..reserve.—*—*—*—X—*_Xl ;
506,000
Appropriated surplus not specifically invested-,-'
40,074
Prbfit and loss—X_*
—X_—56,684,065
Difference between par and face value of interi company items (see note)—*—.*——;
24,650,953
Due to higher earnings,
Year—During
During
516,285
depreciation) equipment owned—*__.X-i
unadjusted credits-
Maintenance
reduced
was
Revenues
,2,314,108
435,499
6,092,142
projects.*—4,684,014
amortization of defense
Accrued
and miscellaneous taxes increased $536,954, notwith¬
decreases in assessments.
;'%;/.x\;:' '"■';X:XX " x XXX'XX
county
standing
——;
tax
Accraed
granted in the latter part of 1941, added $1,209,411 to the tax bill;
and other Federal taxes account for $538,876.
2",182,§97
_*_—
liability-—19,046,405
Other current liabilities———
1,555,617
Other deferred liabilities.-.-.-—
_*—*_—
4,906,587
the costs of mate¬
taxes in
(Rail and Bus Operations)
Calendar
—,.
Unmatured interest, accrued-——
,
rials
135,799,492 135,799,492
18,645,700
18,645,700
_u___
on capital
stock—;
138,755
138,754
debt"!'-—- 342,394,325 368,602,665
Grants in.;aid--of construction^-.-!
__XV
2,479,793
2,476,825
Traffic and car-service balance payable*__J_;.___
Crl,031,372
Audited ^accounts and Wages payable*—.;
12,832,970
9,271,169
.Miscellaneous accounts .payable.*,606,791
309,761
interest matured unpaid-_L_——_*_*_**—.X-~
1,989,420
1,762,590
,
.
A____
Funded
augmented by war
activities, by improved economic conditions and by tire and gasoline
rationing.
The 10%
increase in fares, effective Feb. 10, 1942, also
contributed to the larger; revenues.
The number of passengers in-•
-creased 1,980,220, or 62,27%
each carried an average distance of 175.85
.miles, 13.61%
more than in the previous year.
The average revenue
per passenger per mile was 2,012 cents compared with 1.836 cents in
•-the'previous'.year.
/%•
'X;,;.."
v'.'"-.'"X.-X1;'■;;1
as
series
Premium
and exceeding that of the previous year by
Such increased revenue reflected the transpor¬
highest since 1929
.$9,220; 119,. or 102.05%.
stock,
By., Buffalo—Annual Report—
International
stock
Common
.
,
"" •'
Liabilities—
of the revenue net ton
•
.
Passenger revenue from through passengers amounted to $18,254,921)
..
2151
(Mo.)
Gas Co.—Bonds Called^—
There have been called 'for redemption
$5,000 of first mortgage gold bonds, 5%
^
of Aug. 1, 1943, a total of
due 1946, at 101 and
Payment will be made at the City Bank Farmers' Trust Co.,
trustee, 22 William St., New York, N. Y.-—V. 156,..p. 2132.
interest.
successor
as
series,
has been
1941, because of the discontinuance of stock- registry facilities and
Xthat the company is in process of final liquidation with few shares
available-for trading.—V. 157, p, 164. '. ■ X'-XvX;. X
"'';XX'X ■X-;;
Kansas, Oklahoma & Gulf Ry.—No Pref. "C" Div.-^The
directors, on May
■
of
3%
each
the
on
27 declared the regular semi-annual dividends
A 6%
series
cumulative
preferred'stock,
par
$100,;
■
1941
1942
'
V...
1940
,v.;
•••'
.}■"■
Operating
^Operating
Xx'-,,".'
,•
7j :• '
,.
revenues
Taxes
___
expenses
—
—
x .-J
.
*
• •' $
•
27,242,269
46,964,842
income—Rents from use of joint
oper.
'■
Stock
213,026,422 142,438,326 114,266,410 111,370,852
139,481,368 101)729,066 85,966,279 81,646,703
26,580,212
13,466,991
10,053,207
10,157,597
'
Ry.
1
.
1,524,156
28,766,425
19,710,382
1,511,002
1,635,600
1,243,009
1,209,321
to
as
provide
preferred
record June 21.—V.
"■
Total;
-X.
of equip.,
Rents for use
deb.; bal
Hire
of
48,775,821
.
5,957,986
.,■
v
facilities
,•
Net*
inc.
1,257,193
Railway
Maint.
from trans¬
portation
oper."
26,012,414
41,007,920
—i
.
April 30—
1943—Month—1942
$1,384,289
$1,312,511
'
revenues
oper.
-Xlio,3951
<
830,259
1,408,289
-
Struc.-'
equipment—i.
of
Traffic—
17,914,099
16,865,461
'
876,101
$1,50
90,282
121,436
148,090
32,615
——
Transportation
on
42.416,210
.'Miscellaneous rents xxRent for leased roads-.
•
.
.Miscellaneous, charges
.
-
26,842,672
17,741,562
X
689,053
X 38,806
602,355
37)652
2,808,452
160,613
2,698,479
152,907
oper.
$365,330
$428,983
$1,520,385
15,046,053
14,837,678
14,860,837
X 21,0.33
584,579
177,441
582,935
.
474,680
„
.—.—*_
Dalahce, surplus ___X
-
•;•/,;X'
•
...
Miscellaneous physical property__X
Investments in affiliated companies:
X
'Stocks IX—X__^_—*_X
X—X__.
.
of
1941.—V.
157,
j
*
X
;
Bonds and notes_X___r*----XX'--*--^---—,
f
Investments
In
other
companies: XX
"
.
"f
'
Special deposits
X—_
—
Temporary cash investments_X___X
'Loans and bills, receivable--:
and
;Tralfic
: Net
•„——
balance receiv. from ageiits & conductors-Xadcounts receivable—:
X.——
supplies—l__
Materials and
Other
dividends;receiya.ble_?-———
current., assets——-
Working fund advances.-———'f
Other deferred assets—
;
X
"
Rents and Insurance
X———
premiums prepaid.——
——
10,505,7^4
53,863
,
---X_
—
income
Total
avail,
Inc.
charges
fixed
—V.
1,464
14,530(291
3,810,334
3,779,131
"
Pacific
and
20,641
$131,820
$486,295
$411)715
2,680
12,087
11,897
$129,140
$474,208
$399,818
42,097
41,998
170,323
168,029
$87,142
$303,885
$231,789
X
fixed
■
r ^
•
,
on
JUne-2
announced the purchase of
a
on
in
''X.'x '.
2044.
this
1942
received
stock
on
June
a
;
■:
'
2
dividend
1.
of
Dis¬
and Dec.
V
1,
;.
Preferred
.
Stock
Kendall Co.—25-Cent Common Dividend—
•
declared a dividend of 25 cents per share on the
stock, no par value, payable June 11 to holders of record June
distributions were made on this issue on June 11 and Dec.
Similar
5.
Coast territory.
,
Poughkeepsie,
N.
X;'XX'
year.—V. 157, p. 1460.
■.
XXxxi
;v;.x
Keystone Ctistodian Funds, Inc.—Distributions—^
corporation
announces
semi-annual
distributions of
77
share oil the Keystone business men's investment bond fund,
$1.30
and
a
share
on
the Keystone appreciation preferred
cents
:
a
series B-l
Stock fund,
K-2,
Of the total payment on the series K-2 shares, 30 cents a share is
payable out of investment income from dividends received by the fund
and $1 a share is a special distribution out of realized profits.
The
distribution on thfe series B-l shares is payable Entirely out of invest¬
ment income from interest received by the fund.
The distributions are payable June 15, 1943, to Shareholders of record
at the close of business May 31, 1943, and are at the same rates per
share that were paid on June 15, 1942, when the B-l fund paid 77
cents a share from investment income and the K-2 fund paid 30 cents
a share from investment income and $1 a share from realized profits.
On Dec. 13, 1942) 77 cents a share was paid on the series B-l shares
and 35 cents on the Series K-2 shares.—V. 157, p. 1945.
factory
Other IBM plants are at Endicott, Rochester
Y.,' and Washington, also in Toronto, Canada,
countries.
Kresge Department Stores, Inc.—Tenders Sought—
it
was
anhoiiftced
directors held
$325,000 for
on
on
May 28
that at
meeting 6f the
a
May 18 it was decided to ttiake available
the purchase and retirement of
stock
plant will have pfodiictlve capacity to meet the entire present
requirements of IBM customers on the Pacific Coast and in adjacent
territory as far east as Denver and, in addition, provision will be
made for expansion to meet anticipated future demands.
Operation of the plant will be started at the earliest possible mo¬
ment, the r announcement said—V. 157, p. 1944.
■
board of
the sum of
shares of 4%
preferred
\
Teiiders
6f preferred stock from the stockholders Will be received at
the office of the company, 7l5 Broad St., Newark, N. J., until July 7,
1943, at 2:30 o'clock p. m. (E.W.T.)
Stock tendered at the Idlest prices Will be
to
the
extent
that
said $325,000
purchased by the company
will permit.
The
company
reserves
Internatiohai Minerals & Chemical Corp.—50c. Div.—
3,676,392
the right td reject any and all bids, if in the discretion of the board
of directors it seems advisable.
In the evfeftt that tWo.br more, stockholders offer stock at the same
hfeve declared a dividend (No. 2) of 50 cents per
common
stock, payable June 30 to holders of record
An initial distribution of like amount was made on Sept. 30,
price, and the fund will not permit of the purchase of all of the stock
So tendered, stock shall be purchased from said stockholders In propor¬
tion to the nurnbCr tif Shares offered by them at said price.—V. 157,
^The 'direetbrs
*
share'on-the
1
772,475,07^ 765,164,752
•
The
50,841
18,186
3,255,782
2,309,378
2,807
-
*•
corporation
fend other
-
4,235,424
for
charges.—
157, p. 1650.
'
19(761
49,550
3,046,758
4,192,384
2)500
$118,274
——•*
inc. £tft.:fxd. chgSv
The
3,000,000
2,468" 130
5,896,825
11,862,517
'
,7;553
:
104,999
made
The directors have
building at San Jose, Calif., in which it will establish a card-manu¬
facturing plant to produce electric accounting machine cards for the
■
12,833,011
10,324.
97,103
5,377
•
New Plant—
1,075,369
10,702,776
were
stock
and one of $3 per share on Dec.
corporation
common
479,280
$395,691
16,024
International Business Machines Corp. — Purchases
'
3,810,254
3,388,449
27,026,480 ;
471,796
$465,654
$73,370
.
income —
Total
53,863
3,852,478
1,218
11,140,449
23,027
X_l_-_—
Discount on - funded. de'btXXX--—x-----tXX^_lXX
Other unadjusted deb it s u _ '.'X X _X—-----Total.
*
23,600)611
7,171,435
21,267
car-service balances receivable——
'Miscellaneous
(Interest and
1941
*
1
Bonds, notes and advances—*———
; Sinking funds—-——?—
122,222
$129,320
$115,467
-
Net
•
Stocks
•
!
'
115,703
$112,897
,
Miscell. deducts, fr. inc.
5,126,360
7,171,435
11,070,309
p.
1,
announces that it has called
for redemption on
1943, a total of 700 shares of its 7% cumulative convertible
stock at $110 per share and dividends.
Such redemption
will take care of the corporation's sinking fund requirement on the
preferred stock for 1943, it was stated.—V. 157, p. 2043.
series
2,220,403
659,853,104 667,158,850
3,724,802
1,851,512
•,
'
preferred
Keith-Albee-Orpheum Corp.—1943
Sinking Fund Requirement—
The
..
•„
ry.
opec.- income-
ry.
Other
X 1942
' Assets-—.
"
*ihVestmeht in - rodd and Oquipihent—
fr.
rev.
'Net
/
* General Balance Sheet, Dec. 31
'
,
357,644
.
1,174,130
10,426,009
24,773,391
:X
v
$3 each
tributions
1,260,349
1,234,124
.
765,249
1
C
566,860
expenses
; Net
21,112
20,949
20,782
1,070,432
2,002,176
series
stock, par $100, both
record May 27.
No action was taken
c
6% non-cumulative preferred stock,
$1,441,831
136,730
,
(rail)XX
31,803
.
:v
1943—4 Mos —1942
$5,555,029
$5,213,150
371,352
299,846
563,149
494,354
131,078
125,733
—
18,720,345
14,549,i77
.
t
funded del.
the
of
■
series
share on June
per
11 last
XXi.XX.
income
Total
holders
on
•
of
non-cumulative preferred
preferred
Railway tax accrualsEquip. & jt: facil. rents
806,246
Other
Interest
to
'
$100.
Holders
The
156, p. 2132.
Maint. Of way &
;
a
Indiana Harbor Bfelt RR.—Earnings—
Period End.
1,809,915
.
on
dividend
a
par
1
June
6%
July 31,
1,866,582
joint
;——
payment
stock
21,037,874
;
yards & term¬
tracks,
inal
for
payable
on
voted to amend the articles of incorpora¬
of dividends on the $3 dividend
quarterly basis instead of semi¬
annually;
No change was made in the provision that dividends on
this stock shall be cumulated only to the extent of the consolidated
net earnings of the corporation and subsidiary companies for each year.
At the directors meetings following
the stockholders meeting the
regular semi-annual dividend for the first half of the current year
of $1.50 per share was declared payable on July 1 to stockholders of
1,471,322
1,463,458
1,810,979
Corp.—To Place Preferred
Quarterly Dividend Basis—
on a
so
cumulative
•
tracks, yards & termX
X inal facilities XXX;
.
Chemical
&
The stockholders on June 2
tion
19,566,552
18,246,924
Gas
Indiana
1939
'' * $•
;■
'
and on.the series B
June 18.
last;
none
since.—V. 157, p. 1845.
,
P.
1460.
•
Kroger Grocery & Baking
Period End. May 22—
Sales
____
__
number
average
1940
$145,001
$382,927
from
from
Net
Net
240,325
15,997
184,249
$530,802
405,319
340,600
252,409
railway.—.
626,132
626,213
190,978
railway—
income...
oper.
ry.
From January 1—
.
191,004
170,598
266,406
256,559
ry. oper. income-—
Deficit.—V. 157, p. 1744
Net
*
141,686
128,777
39,918
7,905,146
1,935,997
1,934,326
1,741,100
7,224,397
1,027,721
31,521
168,105
96,837
•358,789
income
paid on June 30 on
V.
156,
Net
sales
Net
income
eral
Net
——__
524,610
402,050
———
168,119
156,041
10,811
127,334
$0.35
$0.32
$4.70
require.
div.
stock
stock
common
...—__
Note—Subject to final determination,
an
estimated amount has been
Net
ry.
from
Net
Net
ry.
—V,
522,758
1,157,205
1,105,565
645,363
557,246
540,926
232,978
170,677
177,808
99,619
67,424.
income—2
127,043
.
from
from
Net
income-—
Net
•••
157, p.
......
income-
1651.;
.;
.
;
$296,735
110,891
■:
holder,
Wall
Net
51,101
87,002
1,787,159
1,371,476
1,343,091
Gross
598,800
473.688
435,665
Interest
356,185
338,951
366,597
;
first
..
?
..
■ •
...
railway-
Net
ry.
-V.
income.
oper.
157,
earnings
28
72
128
income
♦Deficit.
55,681
12,265
218,616
33,673
$1,630,669
$1,237,053
$6,370,327
21,462,126
6,328,233
2,845,922
10,322,978
—
4,641,479
—
and
872,965
3,870,642
156,
147,095
130,253
571,208
$516,967
$233,834
$1,928,477
(1,087,920
$3,967,692
1,859,475
1,779,342
23,544
313,641
291,531
662,853
485,333
215,537
222,353
454,363
404,110
ry.
$220,071
$16,857
$840,557
$390,462
From
income
profits
$220,122
$17,183
$840,996
ry.
16,733,644
15,262,156
51
438
5,403,875
3,235,145
1,660,913
$220,122
$17,183
$840,996
$390,907
51,540
67,469
243,679
Net
income
—V.
1942
taxes—--———
$175,871
debt
& Arkansas
$173,435
of $729,500 for
■
(
,
$33,808
$110,394
per
$653,905
355,735
$115,844
41,600
41,600
1942
193,028
208,499
193,219
121,140
:
$74,244
4,000,216
3,194,576
1,315,480
912,330
income...
795,851
706,400
511,322
Provision
791,594
•
f.
,Y.
'
1941
$628,430
$483,883
$399,811
26,930
18,135
42,718
41,613
$610,295
$441,165
$358,198
■
■
on
155,452
$477,677
$432,740
$289,911
$202,745
88,391
136,785
for
per
38,254
$442,891
$388,442
$0.14
$0.15
$0.13
share...
'
railway— $17,964,510 $13,700,367
5,928,849
8,494,560
1,552,707
oper. income—.,
2,355,913
railway......
16.
$277,787
38,055
..
$239,732
■
A like amount
900,000
1,808,883
$9,473,534
for
taxes-.
—
2,849,830
$6,764,651
1,623,516
♦Company's share net profit after
$6,376,228
taxes
to
reserve
share (after
(
on
restricted, and to year-end
$5,292,541
$5,141,135
$3.83
$2.91
$2.80
account of such foreign
audit.—V. 157, p. 1084.
31,
1943
2,657,340
> ~
$4.30
-7
;
on
(less amount written off), $1; plant and equipment (less
depreciation of $5,579,553), $456,999; shares of and advances
companies, $389,273; supplies, prepayments and deferred items,
total, $22,636,380.
payable,
for silicosis assessment, $209,537;
Mathieson
The
1940
Alkali Works
(Inc.)—Transfer Agent—
Manufacturers Trust
Co., New York, N. Y., has been appointed
and dividend disbursing agent for the common and pre¬
stocks, effective June 1,
Middlesex
$7,688,590
1,945,503
Boston
&
$7,688,696
1,978,771
1,091,569
1943.—V.
157, p.
1560,
3
47,196,180
35,363t037
11,097,064
6,951,117
March
31—
'' 7
-
$75,872
passengers—_.....5,145,147
2,888,690
-
——
•After
all
charges.—V.
9.45c
156, p. 2134.
7
1943
1942
$879,575
$792,198
386,098
'
78,667
148,253
50,676
47,320
$135,256
$147,123
406
465
of
payable
50
cents
July
1
to
63,399
158,144
Dividend—
per share has'been declared on the capital
holders of record June 12.
A like amount
was
disbursed on April 1, last.
Payments in 1942 were as follows*'
April 1, 60 cents, and July 1, Oct. 7 and Dec. 19, 50 cents each—V
157, p,. 1847.
dividend
stock,
—7—
Maintenance
9.57c
—
4,760,590
—.——
—
1942
$33,639
fare
Average fare
7,344,105
7,032,101
1943
loss
Rev.
31,446,725
16,586,443
Street Ry.—Earnings—
Months Ended March 31—
•Net
1,378,706
456,832
(including income taxes)—.
Provision for retirements and replacementsTaxes
revenues..—
Non-operating income
.....
...——
income
$135,662
Minneapolis, St. Paul & Sault Ste. Marie Ry.—Earnings
'
,
Period End. April 30—
Total
revenues
.—...
46,239
$86,907
428
557
$86,478
$100,796
7—
.....
Amortization of debt discount and expense.
;—*—-
Balance
funds as may .be
plant
Sheet,
and
March
equipment,
31,
1913
railway
materials
and
$1,741;
1943—4 Mos —1942
$5,944,056
5,939,607
5,167,610
$776,446
Net
of
Joint
$3,750,716;
investment
in
supplies,
$173,933; insurance and special
deferred charges, $23,305; total, $4,046,384.
Liabilities—Long-term debt, $950,000; notes payable—banks, $61,500;
accounts
payable, $130,988;
balance due on authorized instalments
on
serial
obligations assumed, $241; accrued interest on long-term
debt, $3,562; accrued interest on other debt, $4351 accrued taxes—
local, State and Federal, $77,020: other current and accrued liabili¬
ties, $5,696; consumers' meter and extension deposits, $53,364; unad¬
justed credits, $15; reserves, $770,446; contributions in aid of con¬
struction, $1,451; capital stock (par"$25), $1,524,050; earned surplus,
$467,615; total, $4,046,384,—V. 156, p. 1866.
516,977
452,933
$911,347
equipment......
Cr30,212
Cr7,873
Crlll,586
$323,513
Cr20,504
Drl3,886
£rll,428
£r60,236
£>"66,543
$7,729
$962,698
$277,474
Cr8,338
Cr7,843
Cr20,376
Cr29,329
rents....
income
oper.
$447,480
(net)...'.
avail,
$455,817
charges
fxd.
aft.
•Includes
$11,284 1
fxd.
for
charges
Net
109,609
$431,154
Other income
Inc.
$1,428,325
taxes
facility
tFixed
$120,894
135,572
after
$566,726
revenues |-
taxes
Net ry.
capital stock of affiliated company, $2,440; long-term appliance con¬
tracts, $12,658; cash In banks and on hand, .$18,344; accounts receiv¬
able
(less reserve for uncollectible accounts, $28,124),
$63,247; mer¬
deposits,
.
$7,367,931
$101,353
-
Net
Other
Balance
1943—Month—1942
$2,023,762
$1,473,847
1.457,036
1,352,954
$147,593
48,755
— ~—
—
...
Interest deductions
interest
$8,142,371
March
Midvale Co.—To Pay 50-Cent
Operating revenues
chandise,
before
$15,238,999
8,862,771
Sheet,
deposit and
on
transfer agent
A
Assets—Property,
1,730,743
....
1,473,276
$3,432,105
hand, $213,587; bullion in transit and
$434,912; Government bonds and other marketable securities,
hand,
Hire
2,600,000
profit
1,366,654
$3,012,201
—
$0.03
Lowell Gas Light Co.—EarningsYears Ended
—I
$107,114; accounts payable, $107,897;
provision for taxes, $1,003,193;
provision for sundry liabili¬
ties, $155,414; capital stock ($5 par), $3,990,000; earned surplus, $16,369,411; capital surplus, $250,924; total, $22,636,380.—V, 157, p. 641.
1945.
Net operating
year.—V. 157, p. 994.
depreciation—
802,027
$4,905,382
3,100,230
Liabilities—Payrolls
1—
railway
68,442,987
railway..30,803,525
oper. income.—,
8,777,375
p.
1941
1942
from
Gross
to holders of record June
773,963
$4,378,855
7
.(Excluding Wisconsin Central Ry.)
directors of the
■
(net)————
taxes—
Jr., Cyril
:
$4,103,355
dividend payable, June 1, 1943, $442,890;
156, p. 2226.
from
157,
179,635
$3,604,891
108,561
Nashville RR.—Earnings-
&
1943
ry.
109,202
—
$848,287;
75,042
$426,696
78,240
$416,710
—
$521,131
138,099
from
—V.
4,630,567
171,286
,
Balance
to other
151,254
2,963,806 shares of capital stock.—V.
Net
Control—
1942
$9,022,110
equip.
......
properties
reserve
177,555
$554,810
income
Net
.
$20,158,064; accounts and accrued interest receivable, $135,256; mining
-'h
243,419
.....
From January
,
of like amount
777.7
extra
7
revenues
Assets—Cash
'
77,132
Louisville
Gross
•
an
"
of plant and
profit for the year
1940
...
depl. & amort.
ry.
-
7
paid
costs
;
1942
$748,026
income
gas
expenses
income
Net
10, last year,
157, p. 1182.
Sept.
on
Earnings per share—$3.77
1943
—
from
;
extra,
•
$721,097
Net
an
and June 10 of this year.
10
Total
AprilGross
-
2,621,261
1,561,609
ferred
New Wells—
1,793,512
•Subject
$321,385
declared
depreciation
Non-operating
6,422,363
and
•Earnings
15.
Operating profit
2,732,391
oper.
oil
par
for
Provision
railway....
157, p. 1651,
Deprec.,
$12,473,114
dividends)
$248,167
$20,347
dividend of 25 cents per share
value common stock, payable July 10 to holders of
Regular quarterly distributions of 25 cents each were
company
provision
Company's share oper. profit after"
preferred dividends of subsidiaries $19,632,511
Reserve for contingencies——7——
2,600,000
preferred
$30,567
for
213,211
income.^.
Mar. 28, '43 Mar. 12, '42 Mar. 13, '41
♦Earnings per common
161,530
Mclntyre Porcupine Mines Ltd.—Earnings—
1940
$863,595
424,996
Other income
share has been declared on the common
28 Weeks Ended—
Reserve for Federal
$482,915
161,530
Corp.—Extra Common Dividend—
Administration
1941
$1,072,533
Net income
taxes
$409,697
13,461
,
$1,601,254
rentals,
taxes, leases aban., etc.
March 29, last, prior to which $2 was paid on Nov. 14,
the only payment that
Federal
$44,028
13,461
stock
March
railway...:—
from
•On
cents
share
1,436
Years Ended March 31—
' '
/
7 '7 7 :
* ! 7
1943
Earnings—bullion recovery (net).
$8,122,056
Mine operating costs—4,236,676
'
expenses, lease
50-Cent Dividend—
•Company's
3,382
$5
the common stock.—V.
and $129,000
1943
no
Loew's Inc.—Earnings—
for
'340
$122,877
$597,317
*$50,285
has
payable June 28
Reserve
29,424
333
♦Total expenses
1942,
271,250
24,932
1560.
June
The
63,579
$68,794
the
on
on
649,016
railway....
Geophysical and admin.
$179,423
63,041
■>
on
$785,025
271,250
....
directors have
made on
Ry.--Earnings—
'
£rl,832
Chappellet and Corson W. Ide have been appointed as
Pacific Finance Corp. to fill existing vacancies.
disbursed
$709,260
2,246
_____
available
Masonite
The
2044.
Profit
$181,255
£r2,436
i
...
stock
157, p.
Dividends
638,528
by the retirement of not to exceed 182,852 common shares.
Robert E. Gross, Courtland S. Gross, Charles A. Barker.
stock,
;
22,604
Vs 1.872
,
(net)
accrued on
preferred
49
.
was
$69,218
22,604
notes
deductions
Other
Louisiana Land & Exploration Co.—-Earnings—
$819,783
__—-
50
>■
16,937
36,193
$58,617
serial
268,030
__
••_.
1943
Operating
685,752
dividends———;———
of
115.205
earnings
Net
Net
.
dividend
.
41,292
7
...
...
mtge. debt_
397
12
'
—V.
purchased the controlling interest in Pacific
Finance Corp. for $3,750,000
for the purpose of financing private
plane sale? when the war ends, it was announced on June 1.
The
acquisition was made through the purchase of stock holdings of Transamerica Corp. and associates.
.
, ;
? • 7
The Pacific Finance
Corp. has called a special meeting of stock¬
holders for June 23 to make callable the series A and C preferred
stock and to authorize the reduction of the capital of the corporation
A
■
-
48,860
60,434
taxes..
on
3,937,651
1943
Lockheed Aircraft Corp.—Acquires
To Pay
!
■
on
$390,907
314
railway..
from
—_—i.,——
corporation
and
Interest
January 1—
Gross
the Nea North Stark Field, Pratt County, Kansas.
Additional locations are being made for continued development there.—V.
157, p. 1744.
23,516
Prov, for retire, reserve,
49
12
157, p.
oper
Net
696, 2133.
pp.
.
161,766-
....
taxes
23,078
(468,580
(Includes income taxes
from
from
798,676
producer in
1
$4,215,130
143,202
$361,831
revenues
*
$859,041
216,978
April—
Tlie company, it is announced, has completed its No. 1 Davis Well
as
a
producer in Reynolds Lime in Mt. Holly Field, Union County,
Arkansas.
This well extends the limits of the field and has given
rise to more drilling.
The company has also completed its second
The
$337,954
Gross
Operation
511,844
_____
Louisiana
Co.—Earnings
Lion Oil Refining Co.—Completes
'
$4,188,095
27,035
$3,944,614
1,779
3,398,368
:
267,804
.—
balance
Income
$336,175
1,978
$4,769,254
966,607
__
'
Net
—V.
$359,853
Net
$168,582
1942.—V.
for
699,827
—:—r—.———
stock
1943—12 Mos.—1942
1943—Month—1942
April 30—
155
Net income
Total
Net
■..'■•7,
.
Co.—Earnings—
revenues—,'
Maintenance
1943—4 Mos.—1942
$4,735,427
rev..
funded
on
Net
$861,623
Interest deductions
Preferred
Period End.
Operating
General
$6,161,583
Profit
Net
shares of
$1,224,716
income
income
1,211,034
revenues
expenses
.7". •
.
...
Marion-Iteserve Power
Non-operating income—
».i;i $1,574,960
..,—
Net
operating income
income (net)—_—
Other
$11,069; accrued
stock tax, $206;
V
$3,532,66;
$4,003,722
Years Ended March 31—
Net
appointed agent of the
of Boston has been
the
excess
1943—Month—1942
Bond
:"j
1943
record
1940
i 1941
$6,099,029
2,143,764
1,049,458
29.144,022
„
^Lexington Telephone
Operating
*$8,719
Corp.—Earnings—
3 Mos. End. March 31—
Operating
VV
'.■"'7
receive offers for the sale of first mortgage income
Springfield-South Main Realty Co., at 25*^ of their face
value, and to make payment therefor if sufficient offers are received
of
payable, $19,516; reserve for estimated Federal
total, $24,119; net assets, March 31, 1943,
1744.,
p.
Co., Springfield, Mass.—-Makes
company, to
$4,602;
revenue
income
Net
1942
1,350,866
income.
1—
railway——
from
Net
deferred
.—!
Gross
mortgage sinking fund
and refunding
3,092,149
railway-
from
*$44,778
dividends receivable,
Federal capital
$19,516;
$4,186;
Miscellaneous income
;;
Redeem Bonds—
$7,947,271
...
railway
oper.
ry.
$433,572
;
and accepted.
operations
Interest
Interest
From January
Oross
*$96,576
net.
296,896
100,571
1943
from
'■
$740,590
•'
.
The First National Bank
,
April—
from
42,226
transp.
operating
Gross
Gross
38,624
:
v.
from
634,702
612,109
:•
$102,621
$201,759
common
Lehigh Valley RR.—Earnings—
Net
154,272
■
Balance
Pa., or, at the option of the
the City of New York, Two
New York, N. Y.—V. 156, p. 2040.
St.,
34,861
other railway
Operating
and Walnut Sts., Philadelphia,
at The First National Bank of
15th
152,655
——
Malone Knitting
Operating expenses
Depreciation
gold bonds, 5% series of 1924, maturing Feb. 1, 1944, have been called
for redemption as of Aug. 1, 1943, at 100 and interest, out of moneys
in the sinking fund.
Payment will be made at the office of Drexel &
Co.,
$256,893
$1,068,274
Offer—
$348,170
69.491
;
outstanding
the
of
19,516
revenue
coach
Net
218,551
Lehigh Valley Coal Co.—To
All
$33,507
Taxes
1941
$539,596
2,042,210
720,544
450,817
railway—'—-
oper.
ry.
—V.
1—
railway—
from
from
•$6,154
payable,
Operating
1940
1942
1943
$556,359
222,366
135,824
railway--
From January
Gross
•Net
165,386
$1,352,699
(rentals,
p. 2045.
Dividend
railway..
oper.
ry.
*$61,714
1744.
p.
April—
Net
$65,635
taxes,
State
and
Lehigh & New England RR. —Earnings—
Gross
:
receivable,
Other rev.
15,967
206,619
*2,405
$3,499,986.
Rev. from
42,919
19,742
$902,883
44,841
_
'
railway-
oper.
157,
i,
Interest
railway-!—
from
•42,685
$46,119
Passenger
51,402
From January
Gross
1940
$129,346
$147,175
$301,519
162,526
:" 158,270
35,106 V
49,844
income...
1—
oper.
♦102,618
Period End. April 30—
X
1941
1942
$324,295
railway....
railway——2
from
Net
44,722
equivalent to $89.05 per share for the 39,033 outstanding
capital stock of no par value, $3,475,867.—V. 156, p. 2225,
Earnings-
1943
from
sold
Los Angeles Ry.
Lehigh & Hudson River Ry.
Gross
—
etc.)
Federal
April—
$1,146,080
income
$35,912
Liabilities—Dividend
.1.
(
$36,532
secur.
dividend
total,
provided in respect to renegotiation for deliveries in 1943 on Govern¬
ment contracts based upon results of renegotiation for 1942.—V. 157,
2044.
$40,903
tPrior year's
interest
$5.30
£r87,361
$212,052
income
interest,
Assets—Securities, $3,138,279; cash in bank, $326,730; cash on deposit
for
£r76,841
(514
Statement of Assets, Liabilities and Net Assets as at March 81,
and
p
income
Deductions
26,855
$20,913
____
income
•Loss.
121,975
>
.of
Net income per share
$63,281
20,361
--
Gain
6,605,633
2,506,187
5,799,874
2,240,589
10,348
taxes
y-S/y't-
Fed¬
before
$56,892
13,593
'
income-
bonds
1943—12 Mos.—1942
£rl33,474
£r22,104
53,832
—
rents
oper.
ry.
Gross
1940
$54,497
7,427
inc. taxes
Dividends paid
rents
facil.
>
1941
1942
1943
$28,340
._
gain on
Total
$2,009,875 $34,244,192 $23,041,882
$3,277,357
—
income
Pfd.
Earnings—
Subs.)
1943—Month—1942
April 30—
Period End.
Equipment
Joint
above
(R. G.) Le Tourneau Inc. (&
,
Payment—
jDr30,819
$300,582
—
Net
v'
2307.
p.
Fund Inc.— Earnings—
Second
...
Prov. for Fed.
interim interest of 1% would
its first mortgage income bonds due in 1975,—
$1,814,739
691,016
£rll3,013
1,005,758
1847.
157, p.
Expenses
June ,2 announced that
$2,339,790
1,003,856
$431,767
259,177
Dr23,274
£>•21,031
revenue—'
oper.
Taxes
—v. 157,
Co., Ltd.—Interest
Lautaro Nitrate
Net
3 Mos. End. March 31—
Total
Net
166,792
$1,437,525
$604,064
expenses
9,588,243
Net profit
The company on
Operating
Other
*216,071
be
294,486
34,357
Loomis-Sayles
*108,221
56,419
railway——'
from
Net
532,009
$5,809,981
3,995,242
$354,414
665,081
12,250,233
Mos.—1942
56,527,132
4,187,342
$1,619,476
1,015,412
revenues——
Net
25,193
*20,599
;
railway-
from
Gross
Operating
$106,295
32,710
AprilGross
$1,825,492
598,282
from
♦Deficit.—V.
1941
$2,080,566
income...
1—
oper.
ry.
Net
1942
$2,645,690
railway......
1943—4
1943—Month—1942
April 30—
$5,161,276
railway
From January
Net
1943
Period End,
111,636
Gross
Ishpeming RR.—Earnings—
Lake Superior &
RR.—Earnings-
Maine Central
1
1940
1941
1942
railway
:
from railway.......
ry. oper. income
Net
1846."
period last year, a decrease of 9%.—V. 157, p.
from
Net
four weeks
in the same
of
from
Gross
'
—
1943
April—
1943—4 Wks,—1942
1943—20 Wks.—1942
$31,917,811 $29,607,116 $161,968,807 $138,062,766
stores in operation during the
ended May 22, 1943, was 3,074, compared with 3,379 stores
The
Long Island RR--Earnings'
Co.—Sales Show Gain—
Monday, June 7, 1943
FINANCIAL CHRONICLE
THE COMMERCIAL &
2152
$15,572
$983,073
$306,803
....
4,026
4,981
16,772
22,347
chgs...
$451,791
$10,591
$966,301
$284,456
$181,618
$181,975
amortization
of
defense
projects:
Equipment (in excess of
normal
Road
depreciation)
prop,
tDoes
deprec
not include
$45,431
46,144
interest being
$45,643
184,605
accrued on corporate
being paid currently.—V. 157, p. 1947,
books but not
Volume
Number 4183
157
Milwaukee
Electric
Ry.
THE COMMERCIAL
Transport.
&
Co.—Further
with
line
In
directors
The
policy of partial liquidation, company has proposed
to the SEC that it purchase for cash at par for retirement 8,000 shares
of its capital stock (par $100)
from Wisconsin Electric Power Co.,
owner of all of its outstanding securities.
Both comparies are a part
of the North American Co. holding company system.
$10
the
earnings
12
statement
months
also V.
ended
published
March
31
March
(not
12),
"Chronicle"
1943
and
is
1942.
increased
'
'
1942
1941
1940
$982,261
$777,900
$724,270
from
208.086
85,263
Net
ry.
122,479
118,175
30,308
1943
railway—-.-." $1,235,797
railway.— V
413,982
oper. income—
292,104
From January 1—
Gross
4,835,642
Net
railway.—
from railway
Net
ry.
income—
1,299,001
—V.
oper.
157, p. 1745.
'
1,700,231:
12,427
.
.
3,065,211
583,617
259,622
488,557
'
,
The
Light Co.—Earnings—
Period End. Apr. 30—
revenues..
Operating
expenses,.—'
Federal
Other
...
$9,493,119
2,722,441
106,169
130,670
1,638,518
74,431
935,435
62,500
62,500
750,000
percentage
571
net
oper.
•
,
to
2 ,852,806
•
__.__.___
1942
income
Int., etc.,
$3,439,854
taxes
were
Net
7,812
$258,748
$224,296
$3,447,666
/
137,160
1,613,406
1,662,787
Income
tax
license
$1,554,207
Total
Net
ry.
From Jan.
Gross
Net
Net
1942
$113,382
$98,105
$65,619
32,175
32,187
9,510
29,291
22,064
19,016
518
ra.lway
railway
ry.
1940
436,128
396,101
1942
144,948
which
Y'Y
85,591
Y
April—
Net
Net
from
railway....
railway.—__
from
Net
Net
$95,576
19,088
15,341
13,384
3,428
504,273
444,271
382,473
109,067
100,497
81,504
157,
of
39,884
Missouri
39,293
;
;
,
131,406
45,512
642,369
538,741
$5,106,842
$1,914,240
18,432
post
a
bonds
excess
from
revenue
to
profits
tax
of
representing
:
■
of
accrual
reduction
a
Average
mile—'►
haul
*Y
-
j
of
of pass.
rev., to
total
97,553,321
116.6
miles
Average
Statement
operated
of
Income
—V.
157,
p.
charges
103,982
3,175,489
1,300,810
1,874,679
418,437
Calendar
for
YY
5Va%
Gross
from
Net
from
Net
ry.
From
Gross
railway
railway.
January
from
Net
from
Net
ry,
$18,723,922 $12,538,759
1,855,540
$8,106,197
2,213,874
$6,371,819
4,920,267
3,721,895
1,316,902
282,012
1—
$6,218,138
$3,685,070
M.
P.
.734,354
563,549
from
187,897
$5,702,914
$3,309,419
$2,069,426
198,298
189,350
$3,498,768
income
A—
$2,251,807
$1,888,517
$703,444
511,963
$4,319,615
„
_A--——Y—..
255,981
767,946
——_
r
in
road, equipment
benefits
Net
ry.
Net
ry,
2,063,553
Net
—Y 127,108 Y
deposits
and
bals.
bills
receivable
receivable
from
Miscellaneous
accounts
supplies
and
.Other
1941
1942
1940
railway..—
319,052
358,990
*22,798
and
current
Deferred
YY
77,318
143,554
*80,424
2,321,386
1,729,129
1,033,334
558,292
1,330,968
1,356,145
ry. oper. income
""Deficit.—V. 157, p.
370,229
493,172
389,438
1745.
Y
Period End. March 31—
Operating
revenues
Operating
expenses
■
taxes
for
Provision
and
%:Y 'yYY':''
1943—3 Mos.—1942
$4,030,600
1,721,948
1943—12 MOS.—1942
Premium
6,202,951
Traffic
capital
on
in
aid
of
Interest
unpaid
Unmatured
interest
833,924
Unmatured
rents
1,072,000
Accrued
375,000
379,500
1,498,500
1,416,700
Other
317,114
1,236,484
1,125,866
Dr3,138
6,327
income
$741,133
$735,016
$728,689
$2,961,631
tax
—
—'
projects—road
Accrued
depreciation—misc.
1,580,582
1,630,254
127,701
510,803
$874,994
$907,805
10,773,408
10,528,218
property
———
6,056
2,361,662
2,392,648
property through income and surp.
Appropriated surplus not specifically invested.
424,418
430,160
unadjusted credits
Additions
physical
—...
to
and
loss
182,624
182,624
12,645,332
balance
9,877,596
-V.
$81,530,868 $74,965,971
157, p. 2046.
dividend
Co.—Resumes Common Dividend—
per share has been declared on the common
payable July 1 to holders of record June 12.
The
this issue was one of 50 cents on Dec. 24, 1937.—V.
of 25
cents
The
on
the
directors
no
stock, no par value,
record
last
payment
March 31,
151,
p.
on
Security
2518.
amounts
Program
of
retirement
and
65,
age
contributions
by the
The
com¬
income
in
approximate 30% to 50%
'1
'Y ,YY'Y;..
will
Act,
;
157,
of
;YY/.;:
1746.
p.
railway..
-Earnings1941
1942
1940
$59,701
$44,784
25,975
13,706
40,909
YY 11,582
7,097
30,342
233,547
$59,056
railway......
28,371 '
income
6,336
railway
railway
income...
$66,930
219,251
235,660
112,611;
94,060
129,375
49,808
225,572
113,345
59,219
92,108
Y
48,211
Y,
...
Co.—Notes—
•
Association, has filed with the SEC a plan to issue and
of serial notes, fourth series 3%, due on May 31, 1958.
$750,000
it
would
the
use
proceeds
and
par
June
on
last.
June
value
15.
This
2
declared
common
a
stock,
compares
dividend
payable
with
Payments in 1942 were
Sept. 30, 37J/2
cents each;
to
reduce
Boston, which it
37 V2
as
its
indebtedness to
■'Y.YYY'; Y:;Y%^';;Y:y.:
now
owes
New England Gas & Electric
For
of
the
week
11,895,198
above
ended
kwh.
First
$1,050,000, by $750,000.—
Y'V-YYY'%
of
50
June
cents
follows:
and Dec, 24, $1.—V.
cents
25
per
Dividend
to
per
share
holders
share
paid
May 28 this Association reports electric output
is an increase of 1,068,041 kwh, or 9.86%'
the corresponding week a
,";,VY ■/'
■'•'
%
reported at 110,529,000 cu ft.,
an increase of 11,567,000 cu. ft., or 11.69%
above production of 98,962,000 cu.'ft. in the corresponding week a year ago.—V. 157, p. 2046.
year
of
10,827,157
the
May 28
kwh
for
ago.
Gas
output
for
is
week
'
New England Public
The
to
directors
stocks,
June
15
on
equal
to
one-half
to
holders
of
dividends
14
are
to
in
15,
of
a
May
dividend on the prior lien pre4
dividend, payable
is applicable
full
quarterly
29.
This dividend
1934, being the first quarter for which
Checks
arrears.
stockholders
of
record
the quarter ended March
June
Service Co.—Accrued Dividends
May 27 declared a
lor
record
the
May
dividend
29
on
will
the
be
mailed
following
on
basis:
75 cents per share on the prior
lien preferred stock, $6 dividend series;
and 87 V2 cents per share on the puffor lien preferred stock, $7 dividend
series.
Similar payments were made in preceding quarters.
Accruals after the current payments will be $56.50 per share on the
$6 prior lien preferred stock and $65.62J/2 per share on the $7 prior
lien preferred stock.—V. 157, p. 1562.
The
cents
directors
per
on
share on
Distribution—
declared a quarterly cash dividend of 15
the common stock, payable June 30 to holders of
May
26
of
record
on
year-end extra distribution of 50 cents per share was made
March 31, June 30
157, p. 996.
Association—Output—
This
production
New Idea, Inc.—15-Cent
National Enameling & Stamping Co.—Larger
A
5,469
157, p. 167.-
Chemical
trustee
become
to
program,
1939.—V.
157, p. 2046..::
on
510,803
$202,085
1931,
of future service.
years
additional
oper.
said
ferred
$1,418,608
127,701
derived from
be
V.
213,721
66,733
and
Total
Balance
Monroe
sell
77,576
533,67.9
105,567
$1,385,797
Y
____________
$3,048,862
405,230
326,422
1,417,550
...
4,748
$227,658
dividends
defense
317,656
66,733
541,789
-_
...
1,260
3,265
4,439,374
77,831
>
$2,966,379
$329,786
2,000
'
liabilities
of
2,927
3,363
...
liabilities
amort,
248,955
1,574,915
____Y'.
accrued
accrued
depreciation—equipment
$355,359
will
New Bedford Gas & Edison Light
21,706,000
598,826
1,638,315
...
A
.......l...——...
Accrued
Profit
income
20,971,000
36,870
$2,943,295
385,774
Deductions
—
liability
current
Accrued
Other
___—.
1,
Company, a unit in the holding company system of the New England
299,451
payable
unpaid
matured,
5,366,977
350,932
Resigns— %y
individual
as
June
10,480
299,451
payable
wages
accounts
matured,
Dividends
Deferred
10,480
—
and
955,151
$744,271
—V.
630,018
.
;—_
balances—Cr___.
service
car
accounts
1,790,800
depletion
dated
National Bank of
stock
debt
and
188,082
deprecia¬
resignation
trust
157, p. 1848.
which
Social
—V..157, p. 1746,
3,723,325
'
construction
455.000
income..—
Non-operating income-
Perferred
Y
692,905
—$25,600,000 $25,600,000
583,100
1,539,449
$35,200,892
4,039
Capital stockY-v-
255,349
on
Operating
Net
15,643
M
equipments'
Gross
_s,—13,027
$81,530,868 $74,965,971
Miscellaneous
$3,607,834 $14,645,517 $12,758,762
his
of
1943
from
ry.
Total
Audited
Y;:Y; ,YY;;;
1943.—V.
from
Net
Y_a-~1,436,257
———
taxes
Gross
Net
—
income
Maintenance
tion
253,306
1,021,891
2,703.987
i
assets
Long-term
Other
242,766
10,302
receivable
assets
Liabilities—
Grants
Monongahela West Penn Public Service Co. (& Subs.)
-Earnings—
1943—20 Wks.—1942
$35,567,570
$7,089,478
January 1— ;Y.Y
3,249,539
It
ail way
1,410,395
; : 803,768
Gain—
Gas & Electric
:
1—
deed
Northern Ry,
oper.
2,865,891
Unadjusted debits
122,557
2,354,356
income
Net
Federal
agents & conductors.
...
238,564
railway
tendered
and
provide
May,
from
From
1,550
—
.
receivable
dividends
\
decreased from 994 in 1942 to 907Y
announced.—V. 157, p. 1848.
April—
Net
5,741,874
$393,952
i
since
Nevada
81,062,
10,889,091
January
from
1941
from
Special
the
31
Net
,15,681,397
$73,294
from
of
2,100,000
Loans
$628,359
oper.
From
Gross
Dec.
to
retirement
3,457,000
5,442,996
Y
$7,229,568
in the majority.of cases.
Gross
27,166,880
prior
which is being administered by the Metro¬
politan Life Insurance Co., is in addition to a group life and accident 1
and health plan underwritten by the same company which has been in
$55,065,738 $52,045,627
——,;A_Y_A_A,A—u_—_
investments
6%
recognition of service prior to Dec. 31, 1942.
The monthly income
becoming payable to employees upon retirement, plus the old-age
3,701,248
9,281,162
$565,074
the
on
Y
1943—4 Wks.—1942
•
has
income,
intends
pany
8,684,274
32,281,764
railway—
$1.50
thus
5,119,885
15,423,802
1943
from
from
Sheet,
life
a
9,250,450
44,812,276
April—
Net
of
one
plan provides that members may retire normally at
Cash
Interest
Gross
General Balance
1942
Investments
Other
34,795,322
Monongahela Ry.—Earnings-
and
employer and employees during the
182,381
\
1,610,252 ,1.548,363
1,581,597
Assets—
71,828,409
1947.
stock
has arranged for the installation of an employee retire-;
program, effective May 1,
1943, according to an announcement'
by Fred Neisner, President.
The
income
the
on
The company
165,782
$5,901,212
gross
on
ment
478,725
219,129
—
—
Material
157, p.
share
per
2046.
p.
was
mortgage
effective June 30,
pay
income—
oper.
—V.
$4.12V2
stores in operation
Callaway
the
under
$2,382,369
income
income
Deduction
f
railway.—.
railway..
of
1943, it
22,
Temporary cash investments
1,092,251
157,
•
at May
.
1940
3,797,727
of
1,100,371
1,162,836
9,271,376
income...
oper.
preference
May 22—
The number
12,149,893
1,455,292
1941
Accumulations
Out
dividend
a
Nebraska Power Co.—Individual Trustee
14,128,157
__
Comparative
1942
Co.—Wipes
declared
National Tea Co.—Sales Show
force
'
January 2 and April 1, last,
2, 1939.—V. 157, p. 900.
1940
19,662,787
operating income
Non-operating
Dividends
1943
have
prior
Period End.
1,110.77
5,047,943
rents—Dr.__.__
RR.—Earnings—
April?—aYYYY'
on
6%
receive
Net
Pacific
Supply
Sales
Years,:.
1941
1,110.90
10,355,707
2,618,128
made
was
.
the
$30,928,868 $19,668,767 $15,632,633
expenses—
facility rents Cr
Net railway
1652.
Missouri
,
declared a dividend of 25 cents per share on the
value, payable July 1 to holders of record June 15,
par
preferred stock.—V.
7.44
8.67
1,107.42
railway operating income-
Gross
780,939
,
Neisner Brothers, Inc.^—Employee Retirement
Total
1943—4 Mos.—1942
362,501
1273.
p.
,
r
$4,303,632 $25,767,493 $14,911,797
318,051
157,
prior preference stock,
The
RR.—Earnings—
have
distribution
directors
the
659,114
Equipment
422,033
share.—V.
per
on
the 5y2% prior preference stock and on the 6% prior
pre¬
stock, and reduce arrearages on the' $2 preference stock to $9
share.
w-YY.: YY:;
YOn March 31, last, a distribution of $1.37V? per share was made on
-V
———
railway operating
Railway tax accruals
Joint
Y1'
Ltd.—$1 Dividend—
ferred
117.0
1942
—V, 157, p. 1651.
fixed
$1
per
$1,163,813
550,392
64,249,197
15.05
176,318
charges
made
was
,
.
■
199,055
aft.
account
value, payable
no par
distribution
accruals
82.56
'
$1,706,194
837,825
...
190,673
charges
similar
par $100; a dividend of $4.50 per share:
prior preferred stock, par $100, and a dividend of 50 cents
per share on the $2 cumulative 10-year preference stock, par $40, all
payable June 30 to holders of record June 18.
This will wipe out all
'
282,924
Inc.
A
51.17
oper.
766,651
366,657
Fixed
4.
last.
Payments in 1942 were as follows.
March 10„
Sept. 15, $1.50 each, and Dec. 10, $4.
Arrearages as at
1943, were said to amount to $27.50 per share.—V. 157,
directors
The
52.66
1940
,
17,948,512.
preferred stock,
June
Two Issues—
-v
1940
,
82.66
150.2
414,380
2,934,352
record
dividend
5% %
1941
YY'YYY'
pass.—miles
per
Total
4,871,278
dividend of $1.50 per share on
a
the $6 prior
on
15,
National
of
debt
of
■.-V;:'-,,
-
1,601,699
240,468,654
passengers._
35,280
$6,259,864
assets
which 'were the first payments since Oct.
$1,»
$144,681,
40%
$4,654,316
passengers.—_
pass.—one
42,077
revenues.—
of the remaining available
National.—V. 157, p. 2046.
of
and
similar
A
refund equal to 10%
to five years
46.77
56,905
expenses.
avail, for fixed
distribution
stockholders
capital stock, no
7.38
9.73
war
:
line„_:
on
revenue
No.
originat-
56,882
Income
y
maturing two
77.75
traccif
ry. oper. income...
From January 1—
Operating
Operating
subsequent
holders of
15,
The
:.
.
revenues
freight
Comparative
1943—Month—1942
: ..Y
■
National Sugar Refining Co.—25-Cent Dividend—
$30,928,868 $19,668,767 $15,632,633
V )
YYY
Total railway operating revenues:
Period End. Apr. 30—
of
with
par
on
62,574
Missouri-Kansas-Texas
to
15
tion
from
Number
29,867
1941
907,938
together
of $1 per share has been declared on the common
stock,;
value, payable July 15 to holders of record June 15.
Previously,;
the company paid regular quarterly dividends of 50 cents
per share on
this issue, and, in addition, on April 15
last, made an extra distribu¬
$1,153,861
1942
87,740
V
will:
stock
common
National,
1746.
no
497,831
1
120,716
1,037,559
495,459
154,577
by
President,' told stockholders that plans were under
he hoped
would permit the retirement of the
company's preferred stock liability in the near future
the
the
March
A
1,199
,
145,336
ralway—railway—
Net ry. oper. income—
of
March
246,336
currently,,
railway.!—..
from
of
sale
recent
owned
will
share
a
stock
which
common
15
June
246,336
subject
taken
be
$161,178
from
the
$100
This
$144,923
1,202
The
therefore
is
$198,973
Gross
Co.,
paid
16.
Sawyer,
for
the
on
288,850
16.51
$253,085
Net
B.
June
revenue
Illinois
Net
of
Power
be
June
•
of accumulations
-
288,850
taxes..
'$281,979
from
proceeds
&
will
to
National Refining Co.—Accumulated Dividend—
rev.
of
%
RR.—Earnings—
':V% ■ '■ 1943
1942
the
preferred stock to be retired
thereof
dividends
The directors have declared
•
•
$751,086
...
railway..—
Net
<
; Y
.
'
April—
from
to
—...
provides for
revenues
Gross
with
holders
funds.
excise,
hostilities.
will
Revenue
1745.
p.
unpaid
National Steel Car Corp.,
evidenced by
':!■)'V Y'.''
ing
'
from
ry.
Act
tax,
above,
as
operating
%
2,125
1—
the $6
the
and
retired
and
Traffic Statistics for Calendar Years
1940
$112,494
30,190
from
—V.
1941;;
$132,829
27,007
From Jan.
by
plan
and
balance
freight..—
24,045,988
16,257,795
12,906,131
freight—11,656,436
8,665,696
6,220,085
freight—one mile— 2,193,145,909 1,497,371,056 1,118,299,466
Average haul—-miles
188.2
>
.
172.8
179.8
%
of
freight
rev,
to
total
'--Vi .-V""-:";.-
62,474
income—
oper.
share
397,945
—
Revenue
;
Tons
$215,484
,
retirement
lot
P.
1940
—
—
207
railway
:;;;170,907
railway—.—"'
205,918
oper. incomeY—
73,626
ry,
Gross
1943
-Earnings—
1942 v'V'.'v
the
accumulated
consideration
$144,923
"
franchise,
profits
Revenue
Ry.
Exchange firm
announced.
Lighting
1941
1941
tax..^
operating revenues
$100,000
Tons
Missouri & Arkansas
in
$751,086
retirement.
36,569
88,422
Stock
This retirement will reduce the preferred stock liability
to $1,200,000 represented by the remaining 12,000
is
Houston
ex¬
1,446,815
A;
cessation
446,815,
157, j>. 1745.
Gross
ins.
it
drawn
(employes'
miscellaneous
268,951
136,187
118,798
operating
$2,089,158
1
revenues
excess
after
581,429
income
oper.
—V.
1941
238,890
" :Y
York
company
Under
be
plus
of stock.
Net
Dividends paid
share
per
per
share.
per
1—
from
from
$19.95
$16.87
$3
surtax.
payable to states
taxes to
The
59,585
income.—
New
of
meeting held on June 3, the stockholders voted to
capital stock and capital by retiring on June 16, 1943, 138,of the 150,000 shares of $6 preferred
stock outstanding
by the public, and to amend the charter of the company
treasury
by
consumed
1942
act
cents
of
1943
oper,
to
or
or
——
Operating
$563,382
$148,944
"■
...
the
.
equivalent
and
the
shares,
were
397,945
and
Ratio of
railway—_
railway
Corp.—Directors, etc.—
of
Atkins
990,825
$844,712
from
from
A.
annual
the
held
and
of
Y
was
:
;
April-
they
1941
$4,319,615, whereas
$2,431,098, or 128.73%
of
$767,946,
unemployment
Capital stock tax
Mississippi Central RR.—Earnings—
Net
Jones
R.
shares
accordingly.
was
$3,535,973
taxing
pension)
per
Gross
1942
.—.—
Carriers
$3,216,994
127,139
_i—v—...
„
157, p. 2046.
for
the
C00
p.
1,260
income
>
$131,609
$87,136
$1,834,260
applic. to pfd. stks. for the period—
Y.Y.. 989,548
Balance
—V.
for
profits tax
excess
Railway property,
Divs.
performance
39.17%v,
or
revenues,
$4,319,615,
was
were
Federal normal income
$3,215,734
35
deductions
At
reduce
,v;rv
"■
•
$19,662,787;
were
increase
an
income
stockholders
Federal
$224,261
S.
Co.;
National Power & Light Co.—Stock Reduced—
the
be
1942
income
Railroad
Gross
of
7,128
593
Y'
history
Comparing Taxes with Operating Revenues
'
6,871
$258,155
revs
company's
.|>vY
■
operating
corporate
Total
Net
the
'/YY
limited-term
Other, income
for
of
$1,888,516,
was
The
783,333
investments
whoie,
a
increase of $5,534,630,
an
921,796
______
the
in
most
traffic has been tremendous, but most de¬
accomplished in a thoroughly competent
As
expenses
1 ,405,086
75,898
...
in
and
met
V
corporate
$9 ,185,883
205,031
reserve
appropriation
of
$697,464
167,958
________•
Prop, retirement
Amort,
.'$671,254
574
taxes
taxes
it
1943—12 Mos —1942
1943—Month—1942
Operating
eventful
most
dropped from 71.8% in 1941 to 63.6% in 1942, notwithstand¬
ing the fact that payroll increases, effective Sept. 1, 1941, approximated
$2,000,000 for the year,
The
Minnesota Power &
the
operations,
penses,
159,125
V
.
&
the Stock Exchange
firm of
Hammill & Co.; L. A. Crosby and A. S,
Kirkeby have been
elected directors.
A. S. Kirkeby has also been elected
President and
Managing Director of the hotel.—V. 143, p. 2689.
states Fitzgerald Hall,
manner
Operating
2,802,170
'
from
emergency
been
$14,128,157,
4,238,656
1,320,129
£53,670
" :V;-
Wertheim
Sbearson,
Gross operating revenues for 1942 of $30,928,868 exceed the previous
high record of $24,801,787 in 1923 by $6,127,081 and exceed the 1941
operating revenues of $19,668,767 by $11,260,101, or 57.25 ft.
)
from
qf
instances, exceeding
President.
The burden
manpower, operatiiig units and facilities to transport the
war
have
of
one
excellent.
Net
from
was
results
efficient
and
April—
the
imposed upon
See
mands
Gross
anc*
-
common
those of any past period,
for
157, p. 2045.
Minneapolis & St. Louis RR.-—Earnings—
1942
year
company,
last week's
in
National Hotel of Cuba
declared
May 27
value
par
Nashville, Chattanooga & St. Louis Ry.—Report—
The
Correction in Earnings Statement—
The
on
a dividend of .25 cents per share
stock, payable June 15 to holders of
record June 1.
This compares with 50 cents per share paid on Dec,
1,
last, and 25 cents per share on June 1, 1942.—V. 156, p. 1955.
the
on
its
2153
To Pay 25-Cent Dividend—
Muskogee Co.
Redemption Planned—
& FINANCIAL CHRONICLE
June
15.
A
like
amount
was
disbursed
on
addition to four quarterly payments of
during the last year.—V. 157, p. 996.
1942,
in
March
15
31,
last.
A
on Dec,
21,
cents each made
Dividend
$5,179,905
1,977,155
of
tdeprec.)
income
taxes
484,492
499,856
income
Dividends from associated
Miscellaneous (net)
$1,611,893
$1,813,020
53.209
54,371
15,159
i,:-
From
$973,911
$437,562
$259,493
585,769
278,429
222,106
129,370
92,473
35,473
Net
ry.
railway,,.
563,444
157, p.
—V,
railway—..—
'
712,610
358,464
140,912
382,830
,,
1941
1942'"..
$481,151
268,915
254,039
a
v
railway-
from
ry.
130,788
.157,
p.
87,617
971,946
947,461
391,765
378,037
400,421
395,836
director, succeeding
J
a
1943—
Period Ended Jan. 31,
,
.,■*;
157,
—V.
April—
oper.
over
Net
p.
1940
$313,329
$346,826
.255,144
229,614
$195,869
204,382
1,019,585
1,398,897
819,930
700,764
1,067,528
1,014,416
210,225
'
'
865,449
351,133
;
449,951
•712,877
York, Lackawanna
& Western
126,507
89,095
,565,771
424,903
RR.—Tax Terms
Reached—. -v/"AA
157, p. 996.
ments.—V.
'' '"'A-v-'A
'
Ontario & Western Ry.—
New York
April—
1941
1940
$422,243
$428,910
railway——
78,182
$684,931
160,204
31,351
83,347
"91,896
"76,795
income.—
From January 1—
Gross from railway—
2,486,351
2,228,795
1,760,995
1,645,727
191.991
265,454
41,148
"70,643
"62,670
"5,378
"259,415
"370,078
Net
from
Net
oper.
ry.
from
Net
Net
$639,717
railway——
from
Gross
railway—.
income;.—
oper.
ry.
"Deficit.—V.
157,
'
"6,669
5,880
.
Susquehanna & Western RR.—Earnings—
1942
1941
1940
$460,215
$323,719
209,359
132,029
62,143
70,838
$282,324
126,021
56,193
$247,168
87,387
39,276
railway-
1,948,493
railway—...
919,166
income—
1748.
34,267
1,272,453
468,133
213,231
1,193,607
476,499
205,812
1943
April—
Net
railway-
from
Gross
Net
from
railway.;
income....
oper.
ry.
From January
from
Gross
Net
Net
—V.
from
oper.
ry.
157, p.
SEC
1—
Water Service Corp.—To
will hold
a
hearing June 17 on the
summarized as follows:
Federal
•
1,054,232
405,060
180,326
,
New York
The
,
Water
&
Gas
Corp.,
Reduce Capital—
following transactions,
:
the owner of all of the outstanding
stock of New York Water Service Corp., such stock consisting
of
26,015 shares (par $100),
proposes to donate 21,015 shares of
stock to New York Water Service Corp.
New York Water Service Corp., upon acquisition of the stock so to
be donated to it, proposes to retire said stock and to reduce the amount
of its capital by $2,101,500, after first obtaining the consent thereto
of the New York P. S. Commission.
New York Water Service Corp.
pommon
first to credit to its capital surplus the said amount of
resulting from such reduction of capital and then to transfer
said amount to its reserve for possible adjustments of utility plant and
reserve
for depreciation,
any portion of such reserve not hereafter
proposes
$2 101,500
required for such adjustments to be returned to capital surplus.
It is stated that the proposed reduction in capital by New York Water
Service Corp. is designed solely to permit the payment of dividends
on
its preferred stock and that the proposal will be abandoned in the
event that any holder of preferred stock objects to said reduction of
capital and asserts a possible statutory right of cash payment
stock.
It is further stated that such proposed reduction is an
unissued
such
proposed are summarized as follows:
debentures
(totaling
for his
interim
pending compliance with this Commission's order of Feb. 10, 1943,
requiring a recapitalization of New York Water Service Corp. in which
no
recognition should be accorded to its common stock.—V.
157,
1849.
5,193,166
23,161.667
16,168,915
1,938,892
2,362,546
1,594,622
2,159.242
27,463,104
3,808,654
19,922,778
2,746,272
31,271,758
income™
operating
w
••
M
Net railway operating
income
22,669,051
income
■:
Other
Total
income
Miscellaneous deductions from income,
AAA
.
pursuant
$21,977)
318,959
337,744
30,952,799
14,648,882
22.331,307
14,574,288
16,303,917
7,757,019
;
•
the
to
subsidiary,
and
will then cause Loeb & Eames, Inc.,
be
Eames,
distribute
tions,
dissolved
to
&
Loeb
the
in
after
cash
remaining
~
m
its
for
in the form
V-1"'V.-'
'
1
■
^!
817,663,120 811,567,639
31,659,464 20,549,329
9,282,000
1.745.0Q0
10,297.029 12.216,783
Loans and bills receivable
U- .•
1.271,
Traffic and car service balance—Dr
376,951
1,673.790
Net balances receiv. from agents and conductors
4,214,255
1,228,703
Miscellaneous accounts receivable
;
9,018,762
4.363,468
Material and supplies
' 11,209,284
8,935,452
Interest and dividends receivable
51,180
31,584
Rents receivable
1,507 ■
3,697
investments
Temporary cash
Special deposits
Other
assets
current
debits
unadjusted
Total
its wholly-
899,358,003 866,207,042
—
247,982,600 248,000,000
—
will
2,241,551
1,890.169
324.458,500
323,982.000
6,044.261
6,260.282
surrender for cancellation
payable
Miscellaneous accounts payable
Interest matured unpaid
Unmatured
Unmatured
Upon
of
dividends
rents
Accrued
$5,878
carried
(now
in
which
debentures
a
special
account)
unissued,
remain
on
the
April
2,
Total
*
plan by this Commission.
'
•
from
Net
ry.
distribution
the
Co.
Ice
or
18,203.680
131
189,993.966
176,251,275
899,358,003 866,207,042
2,585,766
1—
15,361,571
1,409,288
9,198,949
income—.;
•
■
928,959
19.368,186
3,893,667
2,425,203
3,435,500
V;;
(Del.)—Weekly Output—
States Power Co.
Northern
1,202.061
21.856.975
5,002,523
7, 835.182
5, 843,470
railway-.™—
157, p. 2047.' v 'VV
5,426,677,
'
.
31, 245,404
from
1940
1941
$6,021,538
1,659,216
2, 115.396
1, 562,369
railway™-.. 43,166,424
ry; oper.
North
the Northern States Power Co. system for the
1943, totaled 38,755,000 kwh.. as compared with.
kwh. for the corresponding week last year, an increase of
Electric
output of
May 29,
ended
week
33,962,000
14.1%.—V.
157,
2047,
p.
"
,
s
the
to
Northwestern Pacific RR.—Earnings—
railway——
86,537
from
Net
from
Net
ry.
income
oper.
from
Net
from
Net
of cash,
fractional
ry.
44,624
.
1941
$250,055
786
1940
-$273,747
"1,179
55,638
"41,430
*32,407
1,293,468
:
135,556
*15,939
957.807
*50,879
918,181
"159,588
*194,677
*281,769
.
!
1.827,431
;
394,145
railway—
railway—™.
income™:
197,322
157,. p. 1748.
oper.
•
1—»
From January
Gross
1942
;
$381,921
93,654
1943
$460,635
railway.—
April—
Gross
the publication North American will pro¬
and of shares of common stock of
scrip certificates therefor among the
following
Immediately
with
ceed
Colonial
and
debentures
1,335.793
18,699.328
485
4,449,154
income™
January
from
Net
holders of old debentures,
coupons, and notes of North American not yet surrendered under the
1937
plan of reorganization, which will be in such a form as to
adequately describe the plan of liquidation and distribution; such
notice will also fix July
1, 1945, as the last date upon which the
holders of the old debentures, coupons and notes of North American
not yet surrendered under the 1937 plan of reorganization may receive
their pro rata shares under the plan of liquidation.
income
7,729.648
69,550,745
1,328.252
reserves
railway™
Net
—V.
will
cumulative
6,084.429
fund
oper,
From
Before making any distribution of cash or securities North Amer¬
cause
to be published a notice to the holders of. the S%
(8)
ican
254,324
Earnings for April and Year to Date
Gross
f
877.950 yk
76,438,757
Gross
American, pursuant to the 1937 plan of reorganization, to receive com¬
mon stock of North American shall terminate upon the approval of the
6,424,226
16,282,297
:
——————————————————j-—7,————
Net
:
~ 1.384
1
1,319
.
.April—■■1943 fI 1942
from railway— $11,592,653
$8 ,228,613
1937,
417,512
2,479,710
—
i'iA
liabilities
:
according to further provisions of the plan...V
The right of the owners of unsurrendered old securities of
declared
accrued
'and'.,loss'vbalahce;'*v-^iA:i^iiu'v^
profit
464.894
5,440.980
434,553
liability
Miscellaneous
;
Section 77 (b) of the Bankruptcy
Act, will be made by paying $26.75 for each $100 of such debentures
outstanding to the holders of unsurrendered old securities, for a period
of six months after the first publication of a" notice to be published
as provided for in
the plan; thereafter, any balance of such unclaimed
interest remaining unpaid wilT be deposited with the Continental Bank
& Trust Co. of New York as liquidating trustee to be held and disposed
(7)
573,018
5,437,026
-L
accrued
Unadjusted credits
Additions to property through income and curp
Funded debt retired through income and surp
in the amount
the 6%, cumulative
under
wages
liabilities
Deferred
(totaling $21,977);
■> v■■■'%:';■
for the payment of unclaimed interest
Provision
tax
current
Other
plan of reorganization effected under
of
interest
Unmatured
the sale and. redemption
(c)
debt
accounts and
Audited
the realization by North American of the cash proceeds
of the aforedescribed securities and upon
the liquidation of Loeb & Eames, Inc., North American will cause such
cash, together with all other cash held by it, to be applied and dis¬
tributed
(after
first
deducting a reasonable estimated amount for
expenses incidental to the consummation of the plan) as follows:
(a) To the payment in full of all current obligations, including all
taxes due or payable;
/W ■.-•
".V"
(b) The balance to be paid or distributed pro rata to the holders
of outstanding 6%
cumulative income debentures of North American
and to the lawful owners of the unissued 6%
cumulative income de¬
from
in aid of construction
Grants
Long-term
3,491,615
,
Capital stock—common
of a liquidating dividend.
324.603
..
4,676,532
-
^
—
Liabilities—
to
536,856
—4
-
-
74,117
371,063"
——————
wl—
assets
Deferred
and without re¬
ceiving any consideration all the common stock (100.000 shares) it
holds in Washington Gas & Electric Co. to Nathan A. Smyth and Leo
Loeb, as trustees of Washington Gas & Electric Co. which is under"^
going reorganization under Chapter X of the Federal Bankruptcy Act;
the application states -that such common stock has no.value..
,5;:
North American
(5)
1941
1942
'
'V■
■
,■T:>
31
Dec.
Cash
1937
liquidation,
'n '
""
payment
realized
Balance' Sheet,
General
Investments
proceeding for dissolu¬
of all Its obliga¬
voluntary
a
will,
Inc.,
—
\
small amount of investments in non-affiliated com¬
a
income
Net
.V'
and to present for redemption in cash $16,800 XJ. S.
at current redemption value of approximately $13,132,
North American
(4)
tion,
----
Fixed charges
,
panies for cash,
own
for fixed charges-,—1
Income available
its wholly-owned
will cause Loeb & Eames, IncM
North American
subsidiary, to sell
,
,,
"Deficit.—V.
-
registered owners of the outstanding 6% cumulative income debentures.':
(10) For a period of six months after publication of the first notice
American will make the distribution of cash and securities in
the
already
manner
described.
after the publication of notice,
the
Upon
expiration
of
Ogden Corp—To Buy Laclede Power Stock—
cash, shares of common stock of Colonial Ice Co. and fractional
scrip certificates then remaining undistributed, with the Continental
Bank & Trust Co. of New York as liquidating trustee for North Amer¬
and
the
trustee
shall
hold
cash,
the
securities
and
fractional
scrip certificates for distribution-to the lawful holders thereof -until
July 1, 1945, on which date all rights to claim the balance of the
undistributed cash, securities, and fractional scrip certificates will
.terminate.
soon
as
Northeastern
^
Period End. Mar. 31—
.
revenues-
Operating
expenses-:
and
Divs.
38,259
143,558
-148,954
57,864
,208,684.
<
232,860
of
expense,
etc.—
facilitate consummation of the dissolution plan,
'
-'Ogden also asks the approval of the Commission for the payment of a
will
„
income
stock-—
i
cents
1943.
•.
14.
board
,
.
•
on
•
Its common stock on June 28 toi
The proposed dividend of $2,552,789 was
share
per
June
the
by
31,
May
75
record
of
declared
on
May
20,.
1943,
of
out
r
/ "
the
•'•'.?
surplus
••
of
.•%
of liquidating a-large majority of its holdings,'
Commission having on May 20, 1943, approved in part an amended
Ogden
the
in
is
process
filed by the company-earlier this year.
Ogden contemplates the
disposal of the securities or physical- properties, qf Missouri
one of .Its subsidiaries, the result of which will be to
increase considerably its cash position.—V. 157, p. 2047.
•*■■■
,
.
'
plan
early
Natural Gas Co.,
$153,474
$537,416
$695,691
45,327
218,818
184,727
$198,801
$756,234
$880,418
47,194
180,877
193,817
691
,
806
'
385
Ohio
Associated Telephone Co.—Earnings—
1,250
4,252
660
603
3.152
2,904
$149,063
$567,146
$676,803
85,422
91,579
355,094
revenues——
Uncollectible oper.
rev.
$57,484
$212,052
$310,486
111
54,501
expenses—
$77,460-
1943—3 Mos.—1942
$270,870
$233,187
91
334
48,290
v.-
157,427
142,628
•
274
366,317
$23,612
$88,402
Operating
Operating
1,037
1943—Month—1942
Period End. Mar. 31—
6,509
Net
oper.
$33,790
Net
oper.
income
income™_
•
————
"Loss.—V.' 157, p. 2049.
$29,079
$113,109
$90,285
34,728
revs.——
Operating taxes^—•
Net
157, p. 901.
of
245.813
$109,034
interest
":%v
$8,600,000.
Ogden states that .it will retain its holdings in Laclede Power only
qntil the .dissQlution of that company pursuant to ii voluntary plan now
before the Commission.
The proposed purchase of stock, it is stated,
268,370
255
Balance
—V.
1943, Ogden asks
petition Is pending before the Commission for the sale of
fhe electric, properties of Laclede Power to Union Electric Co. of
Missouri, a part of the North American Co. system, for a base price
-
52,684
-
discount
pref.
agreement for sale terminates on July 15,
for. prompt action on the proposal.
A separate
-
44,193
—
debt
qn
the
As
/;■
218,868
81,900
$155,179
interest
of
Laclede Power has outstanding 35,933 shares of common, of which
Ogden owns 32,391 shares, or about 90%, while North American bene-t
ficially owns 3,336 shares, or about 9%, leaving 266 shares in the
hands of scattered public holders. vV'.:;'.
335,971
63,632
71,170
$102,494
;
income
Minority
Net
1,122,900
44,546
taxes
Operating income
Other
$2,714,587
1;015;753
45,317
Other income
Amort',
$2,460,250
277,512
28,573
Bond interest
*•
$672,641
—
Proy. for Fed. inc. tax—.
Gross
American
subsidiary of Ogden, for $330,000
J.'
cash.
holders
1943—12 Mos.—1942
$493,054
retirements-
Maintenance
General
1943—3 MOS.—-1942
200,953
Operating
for
North
petitioned the SEC for authority to purchase
Co. 3,336 shares of the common stock (no
has
corporation
the
par) of Laclede Power & Light Co., a
dividend
Earnings—
Prov.
from
the Commission
\
practicable after July 1, 1945, and before Aug. 1,
1945, the liquidating trustee sh'all convert all securities and fractional
scrip certificates remaining in its possession undistributed! into cash,
and as soon as possible thereafter shall diseribute the proceeds thereof,
together with all other cash remaining in its possession pro. rata to
the registered holders as of July 1, 1945, of the<6%-cumulative income
debentures.—V. 157,. p. .643; -V
(11) As
The
months
six
North American will deposit all remain¬
ing
step
p.
5,515,717
..-.L—
notice of filing of a plan
North American will distribute the 4,250 shares of common stock
it owns in Colonial Ice C. among the holders of the 6%,-cumulative
income debentures of North American and
among the lawful owners
ican,
New York
railway operations™
taxes
taxes
.Railway
North
1747.
p.
"
Co.—Liquidation—
a
(2)
(9)
-Earnings—
1942
1943
4,074,526
125,450
investment—Cr-kr---'-
for
from
'
income
Lackawanna & Western RR. on June 2
accepted the compromise terms offered by the Delaware Lackawanna &
Western RR. in settlement of the litigation over Federal income taxes,
according to th New York "Sun" of same date.
' •
Holders of the New York Lackawanna & Western 5%
stock will receive 3% in first mortgage 5%
bonds and 2 k in second,
mortgage 5'k
contingent: interest bonds, which will Lave preference
over other contingent obligations of the Lackawanna, the
Sun ^states.
The D
L & W., it is stated, will issue $6,000,000 of the first mort¬
gage
5s'and $4,000,000 of the second mortgage bonds. A special
sinking fund will be established for the retirement of these bonds
until such time as the Lackawanna can reach agreement with its other
leased line roads and a general sinking fund provision can be set up.
Under the sinking fund agreement 18% of net earnings will be applied
to retirement of the bonds with a decrease in the sinking fund rate
every time $1,000,000 of bonds has been retired.
.
The Lackawanna,
it is said, will pay 50% of the accrued Fedeia
income taxes on the New York Lackawanna & Western stock
andjhe
leased line company will pay the balance out of the contingent interest
paid on the second mortgage bonds.
It is estimated that for about,
four years all the contingent interest will be devoted to income tax pay¬
the New York
of
Directors
25,436,607
——
Equipment rents^—net credit
Joint facility rents—net credit
Pursuant
bentures
New
■■/r,
North
(6)
1941
76,781
income—
1747.
oper.
157,
231,767
1942
1943
42,081,454
13,404,070
—♦.
■
$2,281,690 $13,463,455
—
$234,123
75,451
—
January
ry.
—V.
exp
.
railway
railway
81,047
recently served upon company
North American
31,804
:
—
oper.
ry.
From
462,991
bo.uby
Connecting RR.- -Earnings—
income.—5,
1—
Gross' from railway—
Net from railway——.
Net
$71,521,027
57,826,347
r'
Gross: from
from
;
$2,249,886 $13,231,688
1464.
p.
New York
Net
Month
•:
—
—
operations--—
Non-operating income
rev.
127,237
bonds
and to liquidate all of its remaining assets consisting of furniture ancl
fixtures, accounts receivable, etc.
• ::A;'y.' ;■">
7 Mos,
,
1,671,335
2,912,507
16,366,946
2,077,340'
27,508.121
1,095,501
2,605,738
2,122,379
34,040,267
.
(3)
BMT Divisions)
from
of
274,436
plan of reorganization, pro rata at the rate of 1.02346 shares of such
for each $100 principal amount of such debentures outstanding;
(
System—Earnings—
City Transit
Operating revenues
Operating expenses
Operating rentals
Excess
319,959
stock
DirectorJoseph T,
Omnibus Corp.—New
(Includes IRT, IND and
Income
114,453
income—
1748.
savings
New York
334,223
..
been elected
1848.
has
157, p.
Lehman
McCarthy—V.
:523,594
American proposes to convert the assets into cash as
A'A'A
;:V.A,
...vA'A' A;
:.AA,A,A>. [ ./A' vA/'V
to an interim order of authorization by the Commis¬
sion, $19,000 Southern Utah Power Co. 6%
debentures will be sold
to Southern Utah Power Co. for $18,000 in cash plus accrued interest;
(b) $7,000 of U. S. savings bonds will be presented for redemption
at current redemption value of approximately $5,550, and the redemp¬
tion price will be received in cash;
(c) $7,000 of notes payable and $13,900 open accounts payable by
Loeb & Eames, Inc., will be collected from Loeb & Eames, Inc., in cash-
of
.
New York City
Allen
628,222
income—
2046.
oper.
1940 4
21,494,530
~™__
1,339,453
tions
(1)
137,850
1,977,569
1,145,749
1,098,921
2,858,719
1,792,530
railway
from
Net
Net
Federal
liquidation and dissolution.
Hearing in the proceedings under Sec¬
11(b) and 11 .(e) of the Public Utility Holding Company Act of
was held May 27.
1 A A/A VA,V
'A; A-A ';AA/
of
follows:
$230,234
86,112
$269,861
January 1—
From
Gross
.
144,275
income—
oper.
ry.
V
$702,537
440,275
railway—_
from
p.
SEC
(a)
: •-1943
April—'1,
Gross
Net. from
1,619,133
711,979
The transactions
Texas & Mexico Ry.- -'Earnings-
New Orleans
oper.
157,
The
1,030,515
1,529,170
2,963,939
1,602,855
596,857
2,609,200
income—
1747.
oper.
2,080,801
1935
railway——
from
Net
232,010
_
4,584,108
from
Gross
ry.
1940
689,219
income—
January 1—
9,840
■
1941
railway
oper.
61,551
41,586
2,641,746
railway
expenses-
revenue
Other
North American Gas & Electric
1942
$1,181,174
railway-
from
ry,
98,210
Net
RR.—Earnings—
1943
from
65,445
railway
from
Net
—V.
New Orleans & Northeastern
Gross
from
Net
$1,170,497
$968,013
150,908
income™
oper.
■
■■
10,381,525
$367,463
From January
Gross
kZ
April-
Net
ry.
equipment
_
,
1
85,346,327.
i
Transportation—rail line
Miscellaneous operations
Transportation
$426,224
$584,861
185,294
115,015
$647,511
railway
from
Net
2042.
156, p.
Net
Net
-
Maintenance of
Traffic
General
$
$
_
119,310,557
14,988.084
Railway operating revenues—
—,——,
Maintenance of way and structures— \^rA,
Ry.—Earnjngs-
railway-
1941
'
,1
share on the class A preferred stock, par $100, payable June 16 to
157, p. 2047.
/J.rV'V,.'V-
Gross from
Years
28
Norfolk Southern
$1,882,549
712,052
$1,663,832
695,819
,
,,r——
income
Net
Drl,270
A
deductions
Income
—V.
companies—
-
income
Gross
——
May
on
Report-
Calendar
1942
declared a dividend of 10 cents per share
on
the class B common stock, par $5, payable July 15 to holders of
record
June
15.
This compares with 15 cents per share paid on
Dec. 30. last, and 20 cents per share on Dec. 30, 1941.,
■.
The directors also declared the regular quarterly dividend of $1.50
directors
The
—
operating
—V.
per
plant and
prop.,
,
for
Account
Income
holders of record June 4.—V.
—
taxes '
Other
Net
542,346
—
—
—™———
retire,
for
Prov.
Federal
470,067
318,214
expenses
Maintenance
301,744
473,475
Operating
$5,242,936
1,615,903
314,676
March 31—
12 Months Ended
Operating revenues
1942
Northern Pacific Ry,—Annual
10-Cent
Pay
Class B Common Stock—
on
1943
1943
Monday, June 7,
CHRONICLE
of Maryland—To
Corp.
Share
Niagara
Earnings—
Power & Light Co.-
New Jersey
*»>
FINANCIAL
THE COMMERCIAL &
2154
16,851
66,230
40,575
*$938
$12,228
$46,879
$49,710
"6,780
6,657
29,196
32,856
Volume
Number 4183
157
THE COMMERCIAL &
Ohio Brass Co.—35-Cent Common Distribution—
The
directors
A
common
holders
issues
Were
have
and
of
record
June
March
on
declared
B
common
dividend
a
stocks,
8,
no
similar
A
cents
of 35
value,
par
share
per
payable
distribution
Previously dividends of 50 cents
each quarter.—V. 157, p. 901.
paid
2*1
to
Operating
these
pn
last.
24,
Pennsylvania Edison Co.
12 Mos. End. Mar. 31—
the
on
June
made
was
Maintenance
Edison
$2,277,132
Operating
expenses
Deprec. and amortiz...
Fed.
taxes
exc.
Gross
Net
3,115,028
587,297
income
2,083,600
2,171,300
$559,612
$458,969
$6,662,317
Gross
290,302
3,492,123
3,455,065
$168,667
$3,170,195
$3,717,928
155,577
155,577
1,866,923
1,866,923
Taxes
;
$1,851,005
on
$2,480,090
21,639
$2,501,729
bonds)
imtge.l
1,265,250
1,265,250
___
5,153
and
interest™,
Railway tax accruals
690,254
Ohio Water Service Co.—Earnings—
" "
12 Months Ended March 31—
Operating
revenues
Operation
—I
_■
_____
v"
Gross
income
82,986
General
205,889
184,877
Cr2,118
Cr6,617
27,654
28,051
______
charged to construction
Maintenance
Provision
$820,372
i
for
depreciation.————:
53,782
taxes
•
Federal
44,950
Fixed
charges
20,522
Other
4,582
249,096
Net
$1,214,297
taxes
•
Net
$1,062,557
—
income
Dividend
2,417
ry.
108,300
Net
earnings
Other
Gross
Miscellaneous
Amort,
of
*
___
deductions
debt
_
.
6,084
discount,
149,119
1,200
"48,065
"113,443
$2,359; other
debits,
"108,007
"171,729
"202,631
"258,504
3,019,694
2,233,532
1,733,964
1,543,579
192,895
13,899
(Excludes L. I.
2,394
13,923
and expense
K-
income
'
—
$232,923
_
,
Apr. 30—
March
Sheet,
Ry. operating
RR.
way
struc.
of
equipment...
14,012,668
&
A
long-term debt,
deposits and
$47,864;
long-term
tomers'
tion,
accrued
debt,
for
P.. S01.
payable,
construction,
of
Railroad
Jt.
..vvL -';V:'
\
i;
items,
$3,658;
$8,418,729.—V.
Fed.
&
•
—
State
—
4,084,769
taxes;..
2,322,710
profits
exc.
Utility
Other
income—<—
income—net
ry.
Tenders
July
not
V.
$5,051,473
1,731,798
of
as
/:-■• 26,186
$4,842,243
1—.
$3,110,445
$3,610,917
845,955
____—
—
,
income
-_A_—
__
$5.50 convertible
Preferred
885.392
$2,725,525
stock
pref.
319,000
—V.
p.
157,
stock
common
stock
and
Net
surplus
$2,133,360
770,000
770,000
dividends———————
Public Service Co.
Pacific
Months
3
.
Ended
March
Operations
„
trustee,
receive
_j —
and
—
"Taxes
only
Other
income
——_
income.
1941
Tax
1942
Total
income
profit
172,792,501
accruals
—:*
37,868,127
26,271,822
Gross
income
Net
Dividends
taxes
1.
bids
for
the
sale
and
11
a.
delivery
Miscellaneous
Interest
427,752
$2,150,976
$2,082,153
deductions
.Consol.
Per
net
profit
Net
per share
share.—l—
earnings
common
"Other
Federal
than
of
m.
to
;*
sinking
to
transferred
/
,
laneous
other
current
profit &
cash,
$348,723
$0.75
total,
material
'
'
'
*
\
'>
!.v.''
,
a
The
New
York
Stock
;
profit
$9,032,751
8,695,215
$7,297,500
7,178,847
$161,173;
unmatured
195,894
180,695
$458,124;
other
207,416
$584,533
$141,642
"$62,041
2,765
2,768
1,660
1,403
$143,216
$587,301
$143,302
4,396
4,574
tax
...
,
/i.
545
$30,500,000;
J
C*/£l
I'.
60,544
731
9,506
664
$77,520
42
f
"$87,612
30,919
110,339
for
such
purposes
as
"$112,091
$78,449
tax
Balance
notes,
banks and
110,339
"$32,818
-
"$197,951
Sheet,
March
31,
1943
228;
additions
fund
to
liabilities,
liabilities,
$1,000,000;
(less
for
reserve
doubtful
deferred
$831,347;
and
for redemption as of July 1, 1943, a total
of $500,000 of first mortgage and first lien 3%
bonds, series C, due
Jan,
1, 1962, through operation of the sinking fund, at 101'A and
■interest.
Payment will be made at the City Bank Farmers Trust Co./
corporate trustee, 22 William St., New York, N. Y.—V. 157, p. 2049.
„
The
charges
Penn Traffic Co.—To Pay
A
with
dividend
of
payable
12V2'
10
sale
on
to
operations,
$218,937;
total,
wages,
sundry
excess
accounts
profits taxes
payable,
(less
U.
$263,131;
S.
':3Mos.
Sales
on
on
the
common
liability,
transit,
in
$4,251,524;
1943
1942
1941
$7,983,934
7,106,288
operating
6,639,298
$6,783,162
5,610,727
672,342
revenues..—.
587,712
569,643
sales
of
gen.
and admin,
for bad
Provision
expenses
debts——
24,788
29,185
14,895
159,883
150,749
141,451
$837,393
$576,991
$446,446
97,893
90,636
54,537
—$935,286
than Fed.
(other
Other
$667,627
'$500,983
34,324
178,360
incs
tax.).
prof.
bef.
deprec.,
etc.——
income
.
income
expense,
Deprec.,
dcpl.
and amortiz..
income taxes..—_—
24,028
172,046
40.690
158,527
387,738
187,002
78,015
minority stockholders..—
14,890
56,794
70,173
$224,613
$140,111
Fed.
Prov., for
for
Prov.
less
int.
earned.
The
•
of
stock
capital
surplus,
arising
from
premium
re¬
4(4%
cumulative preferred stock (less premium on
for redemption of $1,800,000), $58,200; earned
total, $22,418,620.—V. 156, p. 2228.
called
directors
the
on
June
20
on
capital
10.
20,
declared
$5,
par
compares
June
on
May 28
stock,
This
cents
called for
dividend
a
payable
with
1942.—V.
In
for
■called
P.
is
$5,000,000
15
157,
June
cents
p.
of
25
paid
20
to
on
cents
24,
last,
(2)
The
March
the
which
The
time
addition
to
the
redemption
were
converted
right
to
conversions
debentures
into the
convert
covered
debentures
were*
called,
converted
into
$91,500
2,006
that
common
expired
at
$4,853,000,
Pittsburg Shawmut & Northern RR.
ry.
Gross
1943
from
railway
railway
oper.
January
the
from
ry.
on
debentures
"Deficit.—V.
157,
1940
$98,634
"17,248
29,466
20,083
"27,800
14,520
those
to
assets.
available for the payment of dividends op
The
Co.,
Pittston
holders of
class
the
A
will
it
When and
become
if re¬
available lor
preference stock.
under
terms
(par $100) of class B
of common stock.
These
of merger with United
63,241 shares
stock,
preference
issuable
are
of
(par $1)
agreement
Distributing Corp., effective Dec. 31, 1942.—V. 157, p. 2051.
loss
"After
Co.—Earnings—
/.,
taxes,
N0te—No
interest
provision
been
made
:
,
$107,152
-
current
for
1941
1942
$65,151
$11,410
depreciation;
and
has
>
1943
—
—
—
income
or
excess
156, p. 1612.
profits taxes.—V.
Radio-Keith-Orpheum Corp.—New Chairman, Etc.—»
annual
the
held on June 2, the by¬
directors to nine, and the
the stockholders,
meeting of
amended to reduce the number of
were
individuals were elected to serve for the ensuing year; Ned
E. Depinet, Frederick L. Ehrman, L. Lawrence Green, L. Boyd Hatch,
Floyd B. Odium, Richard C, PatteVson, Jr., N. Peter Rathvon, George
H.
Shaw,
All
519,093
115.143
430.881
428,523
115,188
143,428
146.479
62,341
53,793
85,431
86,262
and
At
the
Executive
H.
first
was
was
the new board
past year,
George
Odium
who
the
the
Whitaker.
John M.
members of
during
and
1749.
by
proportion. of
following
-Earnings-
20,128
p.
the
A preference
not
$44,218
493,104
of class A
States
157,
36,529
,
of the
the
period ended
attributable
class
in
stock and for its retirement.
preference
dividends
represents
that
%:/•■"//'•'■ >//•'■■
months
Capital stock at the close of 1942 consisted of 37,036 shares (par
stocks
capital
$138,214
income...
A
as
benefit
three
subsidiaries
included
are
Quarter Ended March 31—•
1—
railway
railway
oper.
considered
not
106,378
shares.—V.
1941
certain
of
which
this amount became
class
ceived
the
"Net
33,712
from
Net
Net
1942'
is
the
which
$95,883
income
stocks
for
income
net
includes
net
their
of
None of
were
noon
or
it
and
$128,647
income
1943
31,
combined
shares
At
April-
consolidated
Plaza Operating
1%%'
profits tax returns and
excess
filed,
being
returns
at
companies are liable for Federal excess profits taxes.
laws
from
computed
was
preference stock and 576,645 shares
per share
of
record
holders
Dec.
such
on
for the three months
the rate of 50%. on
The corporation and its subsidiaries
of subsidiary companies.
1851.
Gross
March
1943
profits
premised
1364.
convertible
on June 1
announced.
by
29,
the
redemption
it
stock,
$336,585
periods.——
31,
ended
$100)
Phillips Petroleum Co.—Conversion of Debentures—
all
the
Provision for Federal taxes on income
(1)
Notes
'
Nearly
for
Net-income
period
(3)
From
to holders of record July 14.
This compares
Jan. 25, last; 10 cents on July 25, 1942, and
Jan. 24, 1942.—V. 157, p. 45.
24
tax
credits,
$8,800,694
Ended Mar. 31—
and
Cost
Treasury
Petroleum Corp. of America—20-Cent Dividend—
Net
10-Cent Dividend—
cents per share has been declared
July
cents paid
12Va cents on
of
$2,605,169; accrued salaries and
$288,576;
$7,798,534;
surplus, $7,002,468;
Net
•stock,
discounts
has called
company
accruad
forwarded
and. surplus, $156,050; sinking
loss, credit balance, $7,936,946;
will file consolidated Federal income and
shares),
par
shares.
'
and
notes, tax series C, of $1,200,000), $1,012,031; reserve for insurance,
$279,330; minority interest in subsidiary company, $1,617; 4V'4% cumu¬
lative preferred stock (par $100), $2,910,000; common stock
(441,354
May
Panhandle Eastern Pipe Line Co.—Bonds Called—
accounts
'
income and
preferred
157,
prepay
unadjusted
income
profit
$1,027,520;
$114,035;
$898;
$4,900;
through
property
reserve,
accrued,
interest
current
deferred
Interest
hand, $3,230,287; U. S. Treasury bonds
customers' accounts receivable and notes
Federal
ceived
*
construcr
car-service
110,339
on
estimated
the
the Board of Directors may determine.—V.
1948.
of
and
fIncludes $135,000 excess profits and surtax.
taxes,
no
capital surplus account.
The net proceeds of the sale will become
a
part of the general funds of the corporation and be used by it, or
advanced to and used by subsidiaries together with their general funds,
aid
traffic
payable, $112,134; audited accounts and wages payable, $333,miscellaneous accounts payable, $27,407; interest matured, unpaid,
Taxes
110.339
—
accrued
' *
,
in
grants
$19,'608,000;
debt,
7,026
10,400
$188,788
$29,166
_______
$199,563;
the
p.
miscel¬
$411,100;
"$60,638
....
t393,387
111,700
.
dividends
goodwill,
156/
stock applied for 1,993,261 shares. ;•//./</./
All of the. shares to be listed are to be sold for cash under the plan
at $12,50 per share.
Assuming that all of the shares are taken up,
the cash proceeds will amount in the aggregate to $698,825.
Of the
amount to-be received by the corporation for each of the shares to be
issued $5 is to be credited to the capital stock account and $7.50 to
capital
$281,789;
and supplies,
(The) Pittston Co. (& Subs.)—Earnings—
...
dividends
$22,418,620.
" $0.18
taxes.—V.
'
has authorized
Treasury
balances
$2,878,541; miscellaneous accounts receivable, $27,256; due
agents, $20,102; inventories, $4,839,333; investments
advances, $746,612; capital assets, real estate, buildings, machinery
,and equipment (less reserve for depreciation of $8,807,767), $8,626,206;
listing of 55,906
additional
shares
of
capital* stock
(par $5), on official notice of
issuance pursuant to the corporation's
Management Stock Purchase
Plan dated July
1, 1938, as-amended, making the total amount of
Exchange
S.
$155,391;
.
stock,
long-term
1940
and
Pan American Airways Corp.—Listing—
:
U.
deposits,
deferred assets, $2,902; unadjusted debits,
$2,620;
$64,947,802.
$153,987;
1941
from employees and
^
•
special
conductors,
$124,788),
$284,194
$0.61
$0.27
profits
excess
1912
total, $64,947,802.—V. 157, p. 2051.
Consolidated
44,460
—
and
income
$700,335
$1,197,616;
and
$125,446;
474,459
$750,569
Sheet, Dec. 31,
agents
528,398
.
loss
$200,000;
C,
from
receivable,
assets,
of
Balance
series
notes,
_.i—
$62,267,125;
receivable
accounts
$303,812;
$140,451
_
//
Assets—Cash in
and
$328,654
2138.
p.
$1,174,794
...
fund..
credit
Assets—Investments,
Total
59,105
44,460
pfd, stock..
1st
30,048
877,311
—
debt
income
Oper.
238,300
$393,183
subsidiary....
to surplus——..
26,912
845,097
$1,278,967
funded
on
Liabilities—Common
1942
.
229,526
Liabilities—Accounts payable,
Estimated
66,824
$1,654,401
chiefly dividends...363,389
•
Appropriations to
tion,
1,805
"Loss,
$626,053
320,400
....
...
preferred stock of
on
(est.)
$1,587,577
69,185
21,966,404
$17,091,906 $15,177,261
16,721,929
14,385,312
Surplus
15,259
$770,288
-
& excess prof,
$1,718,402
'
$1,787,587
income
Sell.,
$610,799
income—.—56,705
inc.
3.422,613
272,924
'
■
operating income.
Hire of equip, and joint facility rents (net Cr).
143,123,811
45,729,176
Philadelphia, Pa., will until
1943
income
116,973
45,528
—
___——
from
1941
$5,283,114
4,176,188
565,609
Railway
in val. of invest, in
Common
$1,731,343
755,554
53,824
194,191
—
prov. for Fed.
7,
1940
-
expenses.—_
receivable
Deductions
June
$6,460,199
————_v—__
'
Operating
the
on
record
,
revenues
Non-operating income,
1942
(& Subs.)—Earnings—
income
Net
$724,759
——-.— -
repairs..——————.——
and amortization
depletion
Company
2050.
and
Preferred
1942
$2,073,872
991,546
41,951
187.068
'
share
per
cents
15, 1943.—
Net railway operating income—
principal amount (exclusive of accrued interest).—
Minority interest
1943
.
25
share each
General
Co,,
1943,
sales
Total
(& Subs.)—Earnings—
:
of
21,967,614
___________
157, p. 557.
/
31—
—
/
—
Maintenance
30,577,301
30,
-/ subsidiary
Federal income
128,545
Operating revenues
Depreciation,
11,599,219
Interest
above—V.
cents
holders of
to
per
'
expenses
saving
Operating
1850.
Lockheed Aircraft Corp.
15
this rate having been paid on March
at
one
dividend of 50
a
payable June
made distributions
Pittsburgh & West Virginia Ry.—Earnings—
$101,873;
Pacific Finance Corp. of Calif.—Control—
See
937,223
1943
exceed their
declared
$10.
Calendar Years—
Operating
Operating
balance
p.
have
par
1333.
p.
net
157,
Red.
-
943,919
Depreciation—______
273,165
$1,672,325
dividends-
156,
July .1, 1943, of general mortgage 41/4%> bonds, series E, due
1, 1984, to an amount sufficient to exhaust $250,000 at prices
Other
for
Balance
Common
3,108,869
276,209
3 Mos. End. March 31—
319,000
273,165
prior
dividends
V.
tax
to
deferred assets, $2,247; unadjusted
$21,741,178.
company
quarter, the last
it
Costs
Net
4,021,137
1,098,658
Trust
June
re¬
receivable,
1,440,557
$2,264,490
——'
deductions
directors
stock,
Previously the
Sought—
Girard
(E.W.T.)
23,540
reserve
,'Gross income
824,690
737,715
229,552
11,691,111
Pet Milk Co.
Income
1,010,075
/
oper.
The
857,615
total,
deposits,
accounts
interest
stock, $8,584,500; grants in aid of construction,
long-term debt, $6,450,000; audited accounts and wages pay¬
Income
299,992
assets, $3,040;
special
miscellaneous
$270,272;
3,064,204
3,173,911
3,178,372
3,590,523
railway.... 303,605,955 237,843,914
railway.——
86,340,316
63,299,523
income...
30,666,606
23,671,629
from
Net
$5,025,287
—
inc
Gross
Retirement
3.710,758
from
Net
$4,818,703
—
—...
824,689
,
952.340.
862,789
•
operating
30,311,587
bal.
;
$1,648,981;
$2,483;
Pittsburgh Metallurgical Co.—Larger Dividend—
63,159,230
43,931,400
income.
oper.
$200,895;
The
from
Gross
/;
;
Fed.
&
86,293,384
8,990,517
933,243
bal...
current
common
3,565,337
307,572
—,
inc.
taxes
23,613,982
13,030,000
taxes..
cash,
receivable,
1942
31,
able, $45,400; miscellaneous accounts payable, $499,375; matured inter¬
est and dividends unpaid, $6,896;
matured funded debt unpaid, $500;
4,041,029
Earnings of
$12,396,543 $10,700,571
------
Maintenance
Other
5,477,896
railway...*. $82,787,598 $69,691,561 $42,472,767 $34,521,246
Net from railway..—
27,650,591
23,659,579
11,624,847
10,375,594
Net ry. oper. income.__
11,721,988
12,108,143
6,025,764
5,832,542
From January 1—
:•
1942
1943
30—/./ /:////;
revenues-/A;!;———
•
retire,
ry.
Gross
:::'i;/V-/'
t
12 Mos. End. Apr.
.
999,008
taxes
rents—Dr.
•/April—
157,
•
—:
116,507,053
4,793,161
89,388,637
802,505
27,631,696
oper.
...—__
cus¬
Oklahoma Natural Gas Co.—Earnings—
Operating
Operation
23,253,013
1,185,920
1,258,594
rents—Dr.
facil.
Net
,
:
ins.
Equip,
$3,155,-
3,174,656
____
ry.
taxes
general taxes,
accrued interest on
total,
$105,892;
fr.
rev.
Unempl.
customers'
3,685,573
expenses
Railway
$5,264; reserve for deprecia¬
construction, $48,666; capital
etc.,
aid
shares),
$10,592;
Net
•
809,121
29,672,799
_
operations
$19,489,559;
notes
Dec.
Liabilities—Capital
<j»
909,433
General
and
of
as
$115,122; material and supplies,
$82,089;
1943—4 Mos.—1942
accrued
$150,318;
miscellaneous
accrued
in
40,522
par,
$27,289;
taxes,
earned surplus,
'!
..
thereon,
contributions
$213,900;
(no
accounts
income
$49,347;
advances
$899,041;
surplus,
interest
Federal
accrued
stock
common
$3,701,000;
E. RR.)
' v; .••.
loans
Sheet
accrued interest and dividends
payable, $62,995; other current liabil¬
ities, $17,753; deferred liabilities, $2,819; unadjusted credits, $1,080,269',
add. to property through surplus, $58,918;
profit and loss, credit bal¬
ance, $4,849,665; total, $21,741,178.—V. 152, p. 2871.
69,808,433 304,143,171 238,264,309
7,459,139
33,544,779
25,248,087
12,871,665
53,841,325
50,188,466
8,258,625
Miscell.
t
Liabilities—Class
898;
B. &
$
of
Transportation
Assets—Property, plant and equipment,
$7,588,610;
miscellaneous
investments, $1,650; cash, $231,096; U. S. Govt, securities, $150,627;
bonds of affiliates, at cost, $26,495; accounts and notes receivable
(less
reserve
of $2,154),
$71,226;
accrued utility revenues, $20,611;
materials
and
supplies (priced at average cost).
$39,331; prepaid
taxes, insurance, etc., $8,800; deferred charges, $280,281; total, $8,418,729/
»
'
&
82,929,735
revenues.
Maint.
$217,439
1943
31,
"375,993
"945,900
1943—Month—1942
Traffic
Balance
"261,829
"806,547
'•••■/v'.'j..-'
Maint.
Net
"71,508
"714,105
1749.
p.
Pennsylvania RR.—Earnings of Regional System—
Period End.
150,272
2,292
-V
premium
ceivable,
income—"486,101,
$384,028
.
—
1940
$394,951
$377,944
5,337
.
long-term debt—
on
$392,896
$398,233
___
income
Interest
-V
I
income
oper.
"Deficit.—V. 157,
-V
•
1941
$499,848
92,606
from
$742,984
300,457
171,690
Assets—Investments,
1942
$633,564
$6,223;
2,212
$664,311
_________
appropriation
$827,623
_
January 1—
railway.,—
from lailway
Net
77,622
146,400
——
___
1943
railway_,__
railway______
oper. income...
ry.
250.410
55,761
From
Gross
$995,607
deductions
deductions.———j—/;
from
Net
50,195
81,159
income
Net
66,133
$915,824
_
33,290
construction
1563.
April—
Gross from
1942
$905,663
^
—
....
General expenses
I943
$929,474
Non-operating income
85,782
Pennsylvania-Reading Seashore Lines—Earnings—
*
^
\
-
643,374
$832,838
Operating income
,
Balance
t
$1,572,848
4,185
from
revenue
43,887
to
income
p.
123,106
502,502
expenses-
7,850
85,782
expense
Net
miscellaneous
and
(cr.)
charged
157,
124,002
455,690
—
General
Transportation for investment (Cr).
Dr8,265
debt
357,818
$1,523,093
....
575,674
$2,594,026
discount
income
—V.
Traffic
106,301
211,602
359,827
Transportation
493,118
charges
debt
assumed
Net
$1,303,272
$13,090
$115,887
_
681,517
299,245
112,791
205,767
Power
$2,585,660
Miscell.
1562.
p.
of
1941
$3,169,237
276,977
„
523,756
(net)_____
interest
Amortiz.
Maintenance of way and structures
Maintenance of equipment
431,000
long-term
on
1942
$3,058,147
2,188,308
789,724
—
taxes
Interest
__—_—
157,
_
Years—
Conducting
income
Interest
$7,172,993
288,148
stock—.
489,063
calendar
property,
income
income
2,387,532
1,133,800
$271,464
pref.
of
_
Operating
Other
3,754,200
——
income
Ealance
—V.
7,586,957
3,352,760
2,375,649
613,456
__
518,752
———_____
taxes
Other
income
on
8,813,717
335,028
taxes.—
-Int. and oth. deducts.—
Divs.
651,222
280,676
taxes
prof,
Other
18,183
Ry.—Earnings-
$6,925,952
$2,032,516 $26,092,443 $24,517,411
823,388
___
income
Fed.
1943—12 Mos.—1942
1942
24,616
(deprec.)
equipment—
2155
Piedmont & Northern
1943
$7,224,447
2,342,575
—
retirement
and
Federal
1943—Month—1942
revenue
General
plant
Co.—Earnings—
Period End. Apr. 30—
Gross
for
CHRONICLE
(& Subs.)—Earnings—
.
,
—
—_
share
per
revenues.
Operating expenses
Electricity purchased for resale
Prov.
Ohio
FINANCIAL
except
Shaw.
meeting
elected
served
as
directors of the corporation
Messrs. Odium and Hatch, the President
respectively of Atlas Corporation,
Vice-President
of
the
Chairman
of
elected Vice-Chairman
newly
elected board of directors Mr.
succeeding Mr. Patterson,
the Board,
of the Board.
Mr.
Patterson
will
con-
Account, Years
Consolidated Income
activities as the New York State Chairman of the War
Savings Staff of the United States Treasury.
.
All other
officers were re-elected as follows: N. Peter Rathvon,
President:
Ned E.
Depinet, Vice-President; Gordon E. Youngman,
Vice-President and General Counsel;
Leon Goldberg, Treasurer; J.
Miller
Walker, Secretary; Garrett Van Wagner, Comptroller W.
H.
Raybestos-Manhattan, Inc.—Earnings—
his
tinue
<'
O.
Raymond Bill, a member of the previous
association with RKO in a consulting capacity.
157, p., 1949;.'v
/
,/«•
<■ <•
revenues
for
251,645
309,426
1,136,827
692,555
656,444
2,687,686
586,946
601,144
2,061,081
2,245,883
—1.
362,267
336,400
taxes
397,740
1,318.867
397,740
1,184,855
x—-i.
miscell.
—
Federal inc. taxes
Federal
(nor¬
surtax)
and
prof,
exc,
"As
prof, taxes
516,863
64(1,400
2,363)463
operating income
income (loss) —
$1,516,731
$5,920,459
54,940
Drl56,185
$1,536,110
760,819
$1,440,623
808,681
$5,975,399
3,127,504
$6,328,775
3,357,608
$775,291
$631,943
$2,847,895
$2,971,167
income
Gross
deducts.—
other
&
Int.
income
Net
.-■/
'■
..:
(1,107,777
stock
mon
157, p. 1948.
157,
1565.
p.
Co,—Earnings—,
1943—Month—1942
Period End. Mar. 31—
Sleeping Car Operations—
%
)
; v-
.%/'
,
Miscellaneous
-1 '
■
*
Sales
1941
Preferred
292,829
Prefrered
Net
$10,398,124
5,359,710
Cost of sales and services..^
57,977
Total
Int.
1,302,514
1,065,239
$7,297,473
$3,545,064
358,579
$962,763
294,956
993,718
861,884
217,558
712,676
__:
payable
& notes
debentures
debenture
of
discount—
tax
liability
86,795
23,936
300,000
tEarnings per share—
State
♦Excluding
————
825,687
261,596
103,373,658
104,418,659
_x
54,473,855
1,978,721
50,735,105
liabilities
$2,705,802
$1,040,162
662,581
$7,578,515
6,259,521
$3,777,841
2,151,994
Richmond
gasoline and oil taxes.
tOn
capital stock.—V. 157, p. 1852.
and loss
$377,581
$553,809
$1,318,994
Net
from
Net
$1,449,205
ry.
1943.—V. 157, p. 2051.
.
.
. ,
Net
Total
a—L—
ry.
'
Apr. 30,'43 Oct.
collateral trust bonds—
pref. stk., series A
of common stock—
Per $100. of
/■■v.'"'' ■■■.■:.
V31/42 Apr. 30/42
$206.82
202.17
13.24
$233.49
252.64
19.78
,
share of Q7&
157, p.
of
equipment-
1,525,331
2,678,872
2,165,735
10,891,787
478,850
398,810
1,879,976
8,551,875
1,541,154
$2,162,008
$1,275,605
>/:/ 17,848
$ 8,071,786
$4,980,597
17,461
aa—
$2,179,470
$1,293,453
$ 8,140.888
Deductions from income
3,827
11,666
20,594
$5,045,265
V.
28,860
$2,175,642
$1,281,787
$8,120,294
$5,016,405
Other
for
Earnings
Months
6
$188.52
167.52
8.75
expenses
452,524
152,919
/
ry.
14.
June
compares
p.
2139.
1943
1942
1941
$96,412
148,624
$93,354
$96,265
169,101
151,044
$245,036
$262,455
taxes....—38,220
36,077
$247,309
31,144
87,041
and
bonds
notes.
received
Dividends
253,947
29,003
4,563,898
1,774,168
Total
3,495,499
995,373
389,593
income
900,957
avail,
♦Bal.
deductions of
1,
January
to
and
Expenses
amortiz.
and
Int.
on
/u..'a—.i—.
dividends
Preferred
dividends
Common
$138,921
63,408
48,942
$158,484
funded debt—
income
Net
67,894
67,894
•
—,———a~
Net
ry.
a.v
Accrued interest receivable—a—-a
from
from
ry.
280,539
Net
payable
Accounts
6%
interest accruedliability —————...i.—_a.._.a
cumul. pref. stk. ($100 par) series "A'
Capital surplus
(par
28,128
515,047
515,348
456,397
227,333
—
1,631,400
515,047
j—--——
17.465
2,113,600
1,631,400
$10)—.
__—
surplus
Earned
3,601
54,167
2,113,600
surplus
Special
$4,000,000
217,813
$9,089,281
stock
Common
$4,000,000
4,257
Coupon
Tax
$9,009,489
54,167
...a_—..a—
—V.
157,
Total
a;
157,
$9,009,489
Other
revs.
Total
&
1943—3 Mos.—1942
$20,850,087 $77,823,783 $55,095,214
324,634
245,635
797,822
676,388
$29,342,441
income..
$21,095,722 $78,621,605 $55,771,602
11,178,475
40,971,434
32,943,061
988,544
755,968
2,863,229
2,251,484
& income- $29,667,075
14,335,758
—
revs.
Operating expenses
Express taxes
Int. & discount on
debt
(& Subs.)—Earnings-
1943—Month—1942
Period End. March 31—
Charges for transporta¬
tion
)
fund.
98,019
93,600
2.94,058
11,758
i
;
Other deductions
transport, rev
♦Payments
p.
to
rail
5,519
22,137
283,027
21,860
$14,232,996
$9,062,160 $34,470,747 $20,272,170
other carriers—express privileges.—V. 157,
and
2051.
-
1—
•
V'- 1942
157, p. 2052.
Net
from
ry.
366,935
6,017,412 " 4,320.393
3,695,628
2,058,232
3,036,371
ry.
304)550
224,020
280,358
83,401
47,943
15,620
♦|34,07l
1,444.233
756,193
541,627
402,428
752,300
225,964
128,564
*9,997
361,935
income
157, p. 1750.
83,985
♦3,893
*141,862
railway
oper.
1,449,952
1,150,495
income
Louis-Southwestern Ry.—Objections to Plan-
St.
1,341,930
963,637
3,031,082
1,259,070
900,316
Federal
mission
Judge
Francisco
Railway—Annual Report—
>
of
increase
—V.
result from
an
during
the
year
of
the
'Frisco
Transportation Co.,"
in 1937
continues, "a wholly owned subsidiary organized
conduct
coordinated and auxil'ary motor truck and bus
highways
of
These
of
adjacent
$37,562,
operations
passengers
service
the lines of the ra'lroad resulted in a
provision of $27,300 for estimated income
to
after
more
expeditious and economical
merchandise traffic and have enabled a
rail service."
provide
and
substitution for more costly local
157,
1749.
p.
April—
Gross
:,0
ry.
Gross
$98,103
*5,255
income
46,206
*32,701
*12,254
*36,891
809.959
526,112
431.061
427,243
J
1
30,765
I
1—
railway— ;
oper.
214,896
31,964
35,647
36,896
income..a
*Deficit.—V.
*136,256
*91,218
*97,168 <
157, p. 1653.
Schenley Distillers
The
1940
1941
' $1*31,265
22,157
railway..
from
ry.
*
$132,302 '
9.839
from
Net
1942
$258,244 V;
80,002
January
Net
Gulf RR.—Earnings—;/i-.
1943
railway.
oper.
From
Corp.—Public Relations Director—
corporation on May 28
announced the appointment of Thomas W.
director of public relations, effective June 1.
He formerly
was a partner in the firm of Ivy Lee and T. J. Ross, with whom he has
been
associated
for 13 years.
During the past year he has also
served as Executive Vice-President of Allied Liquor Industries, Inc., a
Casey
as
public relations association for the
national
V.
157,
p.
2052.
i
Seaboard Air Line
ship Recommends
,
distilled spirits
industry'—.
-
Ry.—Special Master in Receiver¬
Capitalization of $196,870,000—
Capitalization of the reorganized Seaboard company as.of Jan. l
at $196,870,000, with total annual charges, interest and divi¬
amounting to $6,808,500, was recommended June
1 by Taze¬
well Taylor, special master in the company's receivership,
A draft
of his report on reorganization was distributed to counsel and filed in
the District Courts in New York, Baltimore, Richmond,
Norfolk and
Jacksonville, Fla.
The company was placed in receivership on Dec.
1944,
dends
23,
1930.
*
railway...
from
Net
1
..'■.-ri.
x
from
Net
and betterments.
report
taxes.
)'•/•;
1943—4 Wks.—1942
> 1943—20 Wks.—1942
$44,026,959 $47,233,356 $219,427,126 $229,211,82801
San Antonio Uvalde &
,
$17,541,118.
of the year of
)
Sales
previous reports," the statement, continued, "the trustees have
to their continuing policy of so improving and maintaining
handling
Commission.—V, 157, p. 1750.*%
Stores, Inc—Sales Lower—
Period End. May 22—
,
property as to effectively
over
George H. Moore at St. Louis has taken under sub¬
to the plan of reorganization for the road as ap*
objections
proved by the Interstate Commerce
1653.
"Operations
to
4
.
provide for any operating requirements
increased volume of traffic or other condi¬
tions.
Freedom from
operating disabilities in handling the heavily
increased traffic of 1942 has justified this policy and demonstrated
the effectiveness with which it has been carried out.
This policy has
been maintained throughout the year and will continue."
The 'Frisco,
the report stated, carried more revenue freight than
ever before in
its history.
The increase'in tons carried one mile over
its previous high record, made in 1929, was 39 per cent.
...
.
During the year, the report adds, the 'Frisco paid a total of $24,170.818 for discharge of funded debt, principal and interest, and for
the
49,143
'
$94,795
♦2,646
♦Deficit.—V.
referred
additions
1940
...
244,141
x
income—
I—
railway......
from
Net
$741,817
1941
$151,567
January
Net
1940
1941
;
1942
$232,303
123,880
railway......
oper.
from
Gross
-Earnings-
1943
$431,040
railway..__
from
Net
$794,834
operating
revenues
to $90,079,600, an
end
14,157.559
1,497,259
289,823 4
-•♦' "
St. Louis San Francisco & Texas Ry.Gross
-
the
17,416,785
4,225,577
3,124,860
1
'April—
.
the 'Frisco Railway during; 1942
of $28,244,396, or 43.7% over
report issued by J. M. Kurn and John
,
;
/;/.,/■/
Of this sum, the report stated, a total of $70,354,504 was accounted
for by freight
revenues, an increase of $18,356,394, or 35.3%
over
1941.
Passenger revenues amounted to $13,317,275, an
increase of
$8,393,229, or 170.5% over the preceding year.
Operating expenses last year, the report sets forth, amounted to
$57,002,999. Taxes and other operating charges were $5,802,679. With
other relatively small deductions and credits for non-operating items,
the amount available for fixed charges of $12,503,006 was $27,270,245.
Surplus over all charges was $14,767,239. They report a cash balance
at
-
22,704,486
■ 6,192,576
7,569,119 : 4,769,917
income...
oper.
From
1941, according to the annual
G, Lonsdale, trustees. , \
surplus
♦Rail
153,350
$1,559,444
$1,042,262
971,559 /
490,551
280,795
341,443
income...
p.
likely to
Railway Express Agency, Inc.
77,064
1943
1,200,268
■/'-
1—
railway....
33.444,819
railway—11,878,877
Safeway
the
1467.
p.
1,139,736
railway.—
St. Louis-San
"In
-V.
V: 44,299
67,952
''■■*>
54,756
t
bonds due Dec. 1, 1955—
;;:V
oper.
Total
;;
—V.
1,099,178
127,179
♦18,911
in period
compared
45,539
52,819
ry.
27,511
1,331,133
219,642
railway——/a
from
ry.
amounted
Liabilities—
$280,891
32,659
1949.
p.
railway
Net
78,629
$9,089,281
Collateral trust 3V4 7c
$296,586
2,006,231
income—
oper.
from
from
104,172
72,840
Total
83,276
1,448,692
149,174
railway
oper.
from
Gross
57,648
-
disc, and expense.A..
Unamortiz. bond
157,
From January
7,148
——
';
Aprll—
Net
1942
1942
$355,563
St. Louis Brownsville & Mexico Ry.- -Earnings—
Net
$8,491,393
ry.
Net
1940
18,172
income...
oper.
81,570
5,478,916
receivable
Accounts
ry.
♦Deficit.—V.
*
taxes,
\
1941
;
1940
$4,347,529 $3,471,655
954,937364,447
640,163
^ 27,407
;
1942
$6,180,056
1,930,191
From January
Net
1—
railway.
railway......
from
48,942
472,729
Investments
Net
...
income
January
from
63,408
1943
\
railway
oper.
From
Gross
Gross
30
1943
$396,674
54,742
38,073
ra'lway.
from
from
63,408
Comparative Balance Sheet, April
Assets—
$129,124
from
Net
:-j/;
April 30, 1943 for estimated income
in month and period last year,*
from
Net
Gross
1941
$845,940 in April 1943 and $2,902,071
O
1943
railway—
$8,619,328
railway.—;
3,199,942
April—
Gross
.
April—
64,663
■
Earnings of Company Only-
May
Rutland RR.—Earnings—
69,102
fixed
for
charges
♦After
*
Net
dividends..—
and
interest
Total
on
income.
oper.
income
sr."'--
1,607,722
1,404,024
Net
Other
Co.—60-Cent Distribution—
J
28 declared a dividend (No. 3) of 60 cents
on the common stock, payable June 21 to holders of record
This is the same as paid on Dec. 21, last year, and also
with an initial of like amount paid on July 20, 1942.—V. 156,
share
per
Net
Ended April 30
'
on
967,058
struct.
$789,094
522,377
•,.
income
1653. ..
directors
The
Gross
Interest
$6,482 449 $35,279,214 $23)752,332
3,659,738
2.652,649
704,072
6,009,775
4,450.679
1,171,332
Transportation expenses
Maint.
1940
1941
railway
oper.
'
market quotations ' (after allowance in 1943 for possible
Federal income and surtax if the indicated appreciation were realized),
the. following summary
shows the aggregate of assets available for
each class of security of the company outstanding as
at the dates
upon
share
"
1943—4 Mos.—1942
1943—Month—1942
way &
Riverside Metal
Co.—Earnings—
Railway & Light Securities
Per
463,670,285 463,040,409
1
of
Maint.
with $400,000
Per
,
$9,145,863
revenues—
oper.
1.951,884
101,659,738 102,338,535
Earnings of System—
the
$1,175,663
12,112,634
7,590,405
railway——' 7,254,921 / 3,910,317
from
Net
,
1942
$2,199,997
1,230,775
January 1—
from
Gross
a—
income—
oper.
From
—V.
1943
$3,094,321
1,830,298
302,392
*
railway
railway
from
Gross
payroll taxes of $296,678 for the month of March 1943
and $818,509 for the three months ended March 31, 1943; also U. S.
Government income and excess profits taxes of $1,666,492 for the
month
of' March
1943 also $4,881,475 for the three months ended
shown:
income and surplus.
(deficit)—
Total
RR.—Earnings-
Fredericksburg & Potomac
April—
2,328,635
*Includes
Based
—
$232,776
——a
$281,042
$0.16
Federal
and
4,010,000 shares of outstanding
1,988,339
——aaa————_a—-
Profit
$723,442
$0.18
$539,394
$0.13
$654,596
;
125,745
3,123,420
,
liabilities
current
Other
Deferred
$1,064,356
90,679
.25,235
225,000
$950,125
_
.aa---—.---
12,503
2,405
20,268
Unadjusted credits
850,000
for Fed. taxes on income
prov.
-
accrued
interest
482,453
878,836
—
Unmatured
$1,039,242
25,114
17,205
$1,545,440
40,844
——
Net profit'
629,108
$77,398
accrued
March 31,
-
900
49,157,400
886,906
1,435,256
279,360,892 284,686,062
4,871,819
4,822,676
256,288
332,824
———.
wages
Period End, April 30—
$104,953
Operating income
"i
income
on
Est.
revenue...
net
(net)——
$932,920
$1,531,285
14,155
__
Non-operating income
Amort,
241,257
'
revenue
♦Taxes
173,761
346,210
——jr—
266,481
and
payable—..
Miscellaneous accounts payable
Interest matured unpaid
Dividends matured unpaid
2,233,973
1,536,557
228,642
1,564,301
debt——,—
900
49,157,400
6%
accounts
Accrued
8,003,449
10.433,498
Auxiliary Operations—
Total expenses
Total
2,151,675
1,629,661
286,316
and amortization
hole losses and abandonments-
Profit
$20,179,695
7,392,181
1,087,445 .'v.
2,732,114
$2,600,849
revenue
Net
_
Sell., gen. & administrative expenses
Audited
65,543,226
65,543,226
teC'-V.'
A.^-xx/aa
Additions to prop, through
$6,654,423 $27,451,162
2,542,989
7,330,232
—
Total revenues
—•_
1,707,496
463,670,285 463,040,400
Grants in aid of construction
operating revenue-
15,557
215,947
v/
—a———
series
stock,
3,423
4,635
73,331
609,687
;
_a«—a—a-
f
_)
stock,
2,528,548
4,817,107
4,697,366
assets
stock
$10,105,295
Long term
Total
—_a_—
686.000
V
4,598,036
—___a—__a
$13,998,348 $12,644,263
8,399,411
7,345,964
2,534,597
Other operating revenue
541,177
Unadjusted debits
$13,796,838 $12,350,056
201,510
294,207
a_xx.__.aa-;
conductors
receivable-
Liabilities—
1942
1943
from agents and
supplies
47,278
962,770
1,997,676
890,271
3,495,953
>/V"
$
1943—3 Mos.—1942
42,278
assets -a——a—a__aaa_a'a-;---—li,
Common
7t
1941
1,667,706
;_a
(Dr)
dividends receivable-
and
current
Deferred
ir*.
;
.
424,734,656 422,822,350
14,322,321
3,317,571
14,370,428
17,541,118
L__
property
accounts
and
Interest
)
*
.
cash investments 1
balance receiv.
Net
Subs.)—Earnings—
(&
Corp.
Quarter End/March 31—
■
Operations)
i.
$9,508,745
Maintenance of cars—.
2,505,229
All other maintenance.
332,216
Conducting car oper.._
3-607,625
General expenses
/%,■ 462,826
Total revenues
.V;-
;;
of Car and Auxiliary
.,
.,
Traffic and car-service balances
responsibility for operation
for the Long Island factory.—
plant, as well as
■••.'■••v.
Deprec., depletion
(Revenues and Expenses
....
Temporary
Total
Dry
Pullman
♦$223,663 ♦$7,264,519
.
' *
■
Cash"- aaV--~
Promoted—
12,626,118
Sheet, Dec. 31
Other investments
net earnings—V. 157,
:■
''
/•/
$5,301,609-/
S
Assets—*
Road and equipment
accrued
—V.
Balance
1942
■
post Mr. Marchev will assume
Richfield Oil
debt,
notes, $576,000; accounts payable, $1,049,885;
customers'
deposits,
$695,560;
accrued taxes (State, local, etc.),
$1,886,622; Federal income and excess profits taxes, $3,323,968;
interest, $534,036;
miscellaneous current liabilities, $62,990; deferred
credits, $921,523;
reserves, $13,242,067; contributions in aid of con¬
struction,
$546,968; earned surplus,
$1,306,902; total, $136,876,555.
.
the Evansville, Ind.,
of
com¬
unsecured
$70,217,000;
$120,750,000, or 65M»'% of its
■' - "
■"
'i
General
Consolidated
Other
V.
8,737
,/•'/ 17,961
12,681,030
12,479,368
———L—— $14,767,239
"
surplus
♦Deficit.
Material
''//i.
%•■■/-
.
preferred stock (par $100), $14,818,590;
shares, no par), $27,694,445; long-term
Liabilities—Cumulative
Balance,
\
his new
64,022
,
$27,246,607 $12,457,367
interest
for
charge obligations
fixed
on
the company
and common stock¬
"
the period 1924 to 1942, inclusive, the company has been an
company and out of its net earnings of $181,466,000 it has
Republic Aviation Corp.—Official
In
$2,300,169; total,
debits,
deferred
$222,929)
etc.,
taxes,
$136,876,555.
in mind also that
available
Balance
Interest
President.
construction fund, $4,000,000; in¬
vestments,
$421,314; Cash,
$4,535,716; U. S. Treasury obligations,
$4,515,000; accounts receivable (less reserve of $177,557), $1,977,039;
materials and supplies (less reserve of $34,928), $2,306,427; prepaid
Assets—Utility plant, $116,597,961;
insurance,
1936, to
the period Jan. 1,
Appointment of Alfred Marchev, Vice-President and General Manager
of the Farmingdale plant, to the position of Executive Vice-President,
a
newly-established post, was announced on June 1 by R. S. Damon,
81, 1943
March
Sheet,
Balance
Miscellaneous
Special deposits
;
$5,452,328 1
$27,465,797 $12,550,931
66,332
58,449
9,007
,i
9,073
tax accruals——.143,830
v' 26,043
income charges
•
Miscellaneous
dividends to its first and second preferred
all the years of the depression.
operating
paid in dividends
p. 2052. ;'K':
173,037
%
*
.
wise policy during
said it should be borne
227,322
$5,279,291
income
Rentals
holders during
During
Other
,
.
non-operating income
Gross
1943,"
Scheer
Mr.
$6,484,961
19,379
$1,462,525
Dr 21,901
exc.
"
;
•
l
Cr385,187
$27,273,921 $12,297,655
191,876
253,276
incomeA—
operating
railway
Total
/
he added, "the publicly-held bonds of the company
have been reduced to the extent of $22,190,000, effecting a reduction
in fixed charges of $1,167,301 per annum.
This policy of debt reduc¬
tion has been of benefit to all security holders of the company.V
1,161,147
inc. &
Net
"
of this
result
a
1,
June
paid
Fed.
in lieu of
Charges
operating
—
agreed
annum.
per
'
$9,040,489
3,919,063
revenue
$33,076,600 $16,618,659
accruals.........'.^..-::/ 5,405,514
4,278,045
Hire of equipment, net———
■ ! 210,679
Crl80,815
Joint facility rents, net
186,485
223,775
a
$1
or
5,095.20
$48,180,971
39,140,432
Railway tax
stockholders at the annual meet¬
President, told
Scheer,
W.
,
June
on
upon
1,289,805
2,510,064
taxes
Federal
expenses——
Net
1 that the board of directors several years ago
policy of debt reduction rather than increase the common
dividend which has. been for a number of years at the rate of 2%
ing
——a—
State, local and
mal
2,807,673
—
^
depreciation.
Maintenance
Prov.
Edward
$6,418,137 $26,375,414 $24,224,703
10,489,291
9,347,994
2,402,799
$7,132,424
operating
1940
1941
5,046.53
$90,079,600 $61,835,203
57,003,000 45,216,544
revenues-.—a—a_
Net
Debt—
Reading Co.—Reduction of
1943—12 MOS.—1942
1943—3 Mos.—1942
_a_
:
Indiana, Inc. -Earnings—
Public Service Co. of
Period End. March 31—
Operating
Operation
appointed auditors for 1943.
'.V. '/."
/
Waterhouse & Co. were
Price,
Messrs.
—V.
board will continue his
$0.75
Ended Dec. 31 /
1942
operated—a—4,998.74
mileage
operating
Total
1940
1941
$485,619
t$468,532
1 :
■-
Total
$573,283
$434,441
$0.77
•
$0.91 1 ,
$0.68
♦After providing for depreciation, income and excess profits taxes
and contingencies.
tAfter providing $1,877,750 for estimated Federal
income and excess profits taxes.
No credit has been included for post¬
war refund of excess profits taxes.—V.
157, p, 1949, ,.//
f-y-jr'. '/'y'i-V*
—
sh. on cap. stk.
income
;.r
Average
1942
1943
•Quarter End. Mar. 31—
♦Net
Earn, per
E. Newcomb, Assistant Treasurers; R. H.
William P. Whitman, Assistant Secretaries.
R. McMahon, H.
Dann, Kenneth B. Umbreit,
Clark,
v"
Domestic Subsidiaries)
(Including
1943
Monday, June 7,
CHRONICLE
& FINANCIAL
THE COMMERCIAL
2156
Volume 157
THE COMMERCIAL
Number 4183
hearing to be held at Norfolk, Va., on
any suggestions relating to his draft
confined to suggestions from persons or
interests who have participated in hearings before the special master.
The new capitalization as recommended would replace $330,381,125
In "total principal and interest of claims in hands of the public ad¬
justed to Jan. 1, 1944."
-V' V}-'
The new capitalization would leave undisturbed receivers' equipment
trust obligations amounting to $11,870,000; first mortgage 40-year 4%
bonds, $32,500,000; income mortgage 50-year 4 % % bonds, Series A, $52,500,000; preferred 5% stock ($100 par), $15,000,000, and 850,000 shares
of common stock, set up with a paper value of $85,000,000.
There are, other securities and claims against the road, but they
do not participate under the reorganization plan, including $61,179,262 (book value) of common stock, preferred 6%
stock, $37,300; pre¬
ferred 4-2% stock, $23,894,100; general unsecured claims not entitled
to priority or payment ahead of mortgage liens (as of Jan. 1, 1943),
$1,191,579; Georgia, Florida & Alabama RR. first preferred 5% stock
(including unpaid accumulated dividends as of Jan. 1, 1943, $600,000),
$1,600,000 and. of the same road, second preferred 4-5% stock (in*-eluding unpaid accumulated dividends as of Jan. 1, 1943, $295,000)
Mr.
Taylor
16
June
ordered
has
receive
to
report.
$795,000.
A
will be
stock.
Of
107
in
Of
be
$192,918,312
in
bonds,
stock.
common
total
Local
Toll
service
from
Net
from
Net
ry.
v
'
■
'
*
$1,854,462
Gen'l
Net
ry,
—V.
oper.
and
j
stock
preferred
in
&
for
service
:
1940
Period End. Mar. 31—
Operating
Operating
3,330,984
1,155,399
and
20,474,917
48,268,590
30,032,652
21,109,874
9,725,537
5,653,994
42,500
vV 194,641
183,006
175,092
790,520
689,104
15,067,598
income.
157, p. 1750.
$9 ,019,780
,4 ,316,686
profits
219,112
214,694
877,606
844,029
taxes—.
201,400
228,783
983.417
980,593
172,900
119,637
562,263
119,637
29,610
96,390
232,089
$554,013
$2,163,054
$2,526,745
Dr4,968
Dr8,148
Dr2,825
$549,045
$2,154,906
$2,523,920
other
&
than
excess
Federal
income
in
Fed.
lieu "of
and excess prof,
Net
income
taxes
Operating
revenues
inc.
Gross
after
,y $530,863
Net
.
stock
divs,—
93,750
93,750
3.75,000
:_1V———1 j
$227,179
$243,909
$966,353
_
213,946
268,198
benefits
242,327
163,723
164.591
133,494
Southwestern Light & Power Co.—Resumes Dividend
on Class A Common Stock—
559,135
315,558
290,944
283,601
208,973
240,578
194,360
152,770
14,411,128
13,571,838
*2,149,241
1,694,940
157,
The
to
(C?/J
1093.
p.
of
able
$3,907,898
Drl94,567
$4,314,308
$4,352,208
July 1
Drl84,768
22,074
May 27 declared
A
$203,087
$2,536,791
A
stock
common
$3,713,331
$4,129,540
830,000
$4,374,282
:;
$4,109,231
830,000
June
830,000
stock
155,049
81,764
61,491
3,218
3,218
3,218
30
to
cents per
3,218
Net
income
—V.
157,
49,569
—y
40,758
671,574
declared
income
(for
holders
share
32,501 ,*■:
568,364
648,489
for divs.—
♦The
Revenue
Simms Petroleum Co.—Div. Action Postponed—
trustees
StSLUCCH t
'
•
Petition
,
and
a
V"!
'
'
\i("
■1"
i-j
j*
■
Internal
of
outcome
the
for
amount
by
of
the
of
at
for
discussions
prior
has
made
was
157,
now
400,000
400,000
$8.10
$8.05
$6.56
$7.87
1940.
taxes,
tlncludes
tlncludes
$1,017,784
$1,494,586
provision
under
Investments
with
way
1
.;
"
:■ •
,
in
yv'y;
v
,
._
physical
—_1
property—
subsidiary companies——
The
'
Accounts
-
and
Bank
V.
157, p.
Total
Smith
Corona
&
Common
Funded
_
Typewriters,
stock
The
*
John
1943.
This
period of 1942.
decline
both
in
same
earnings
during most of last year,"
Vacuum
Nation-wide sales of all products in the first four months were about
ahead of the similar months of last year,
5%
gasoline
down
were
32%
by
where.
Mr.
in
the
East,
reported
but sales of automotive
and
costs
V.y;
.
Brown
were
vV
every-
up
••''■.■V'v'.'
slight improvement in revenue from the com¬
a
the West Coast and in the Midwest.
Refineries
of the Rockies as a whole are unable to operate at capacity be¬
pany's operations on
east
in
other section,
any
Commenting
the
on
were
East
sharply reduced because of rationing.
situation,
Coast
Mr.
Brown
said
line,"
the
manufacture
the
of
100-octane
aviation
is building should be ready to operate in August of this
and that the Government has authorized the company to build
plant, with the necessary priorities, to manufacture the new bead
should
quantity.
large
in
in
result
marked
a
The
TCC
unit
improvement
in
with
the
the bead
quality of
Discussing
catalyst
need
"We must continually
for new crude reserves, Mr. Brown
find large additional supplies of crude.
in common with many others, is making every effort
to develop new production.
Since the first of the year we have been
fortunate in completing a well in West Texas at a depth of 10,700
Our
v
critical
the
company,
which is a
feet,
With
storage
and
to
Socony-Vacuum's
transportation systems
work
in
setting
up
read
a
be
a
31.956
8 Months
$7,057,701
2,832.215
of
—
and
excess
profits taxes
It has permitted the movements of aircraft many months be¬
they could possibly have been accomplished otherwise, and should
will always be proud."—V. 157, p. 2052.
15,044
36,000
\ 168,200
$293,158
$2,365,082
62,608
1,812
—$294,970
66,667
$2,427,690
533,333
12,954
110,505
3,217
bonds__
discount
and
19,422
152
expense—,
;
2,773
7,978
—
63.469
594
—
11,261
deductions
$203,409
divs.
on
6%%
applicable
cumul.
to
pfd. stock.:
644,720%
$1,686,928
32,229
258,537
l.
shares
of
stock
common
-V.
$171,179
157, p. 2053..;
telephone
Sperry
25,000,000
5,100.000
.
$1,428,390
.
Corp.- -Chief Research Director of Subsidiary
plant
23,644
Chief
Research
Director
made
Net
of
The
public
succeeds
Hugh
Willis,
who
is
General
now
Sales
re¬
Man¬
24,393.920
93,320
Frische
post, Mr. Frische assumes charge of the company's
L. I., laboratory which employs more than 1,500 tech¬
design, development and test of military, marine and
aircraft precision instruments.'—V. 157, p. 1566.
.
nicians
new
City,
for
the
j'
,
Spokane International RR.—Annual Report—
Calendar
4,557~987
4,548,521
his
In
Garden
16,119
surplus
named
of the company.
ager
84,482
143,784
Mr.
3,573,688
V
reserves
been
has
'
668,789
81.264
22,100
Frische
A.
Sperry Gyroscope Co,, Inc., according to information
cently by R. E. Gillmor, company President. -v'V;
2,110,732
26,856,477
debt—
Carl
136,539
816,368
—________
Years—
1942
Railway operating revenues
1941
$1,701,198
Railway operating expenses
110,603,454 105,743,101
859,849
Net revenue from railway operationsRailway tax accruals—
$945,424
'
$841,349
638,923
$306,501
373,831
58,711
$467,518
$247,789
-Earnings of Transportation Sys•
v;:-
^
V,
Railway operating income—
Rent
1943
Month—1942
1943—4 Mos.—1942
48.506.857
33,887,944
27,883,392
21,225,435
20,623,465
from ry. oper.
rev.
Unemploy.
12,662,508
78,787,237
186,210,095 127,320,243
107,422,858
81,677,700
insur.
taxes
525,275
45,642,543
1,695,859
414,887
2,060,794
569,226
414,833
2,227,688
1,701,053
State, county & city tax.
1,181,016
1,011,845
income
2,646
Net
±
railway operating income—
2,842
88,380
52,928
$381,784
..Rents', payable
$197,702
Other income
5,026
8,447,437
2,781,692
Total
income
12,551
$386,811
$210,253
6,763
—
52,619
4,063,099
Federal
4,861,401
28,814,512
Federal
retire,
Equip,
Jt.
taxes
taxes
—
Miscellaneous
rents
facil.
taxes
♦Before
62,167
7,058,761
371,349
325,117
7,928,725
for interest
income
6,516,590
charges
on
33,330,565
April—.
:
railwayfrom railwayry. oper. income.
—
Net
Net
from
ry.
—V.
of
Company
oper.
vestments,
$100,000;
1940
traffic
and
car
wages
payable,
terest
1942
tax
$2,846,400;* long-term debt, $2,846,400;
balances—Cr, $245,993; audited accounts and
miscellaneous accounts payable, $1,040; in¬
$8,538; unmatured interest accrued, $128,088;
unpaid,
Lability, $329,056; other current liabilities, $3,397; deferred
64,086.560
51,154,131
come
20,1.16.885
10,816,982
12,157,501
3,245,215
vested, $50,000;
V. 157, p. 2053.
157, p. 2053.
$91,684;
$90,528;
and
stock,
service
matured
accrued
23,683,975^ 18,267,793
income.
31,
agents and conductors, $325,352; miscellaneous accounts receiv¬
$240,632; material and supplies, $113,723; other current assets,
deferred
assets,
$2,543; unadjusted debits, $153,525;
total,
$7,650,892.
35,111,968
55,641,437
Sheet, Dec.
$2,894;
Liabilities—Common
1941
Balance
$5,798,102; cash, $861,855; temporary cash in¬
special deposits,' $52,267; net balance receivable
able,
Only
1942
142,755,170 100.826,451
.
income—
.General
liabilities,
railway-
12
$157,622
.
from
:1'.
$37,229,208 $26,895,777 $16,957,441 $13,365,185
14,564,545
9,700.243
5,460,370
3,215,906
5,651,107
5,049,855
3,378,076
1,206,045
From January 1—
Gross from railway-
1,620
$378,427
____
Assets—Investments,
other
or
,
1943
from
charges
Available net
23,419,423
outstanding debt,
items.
Earnings
.
Gross
Fixed
5,638,382
44,959
Miscellaneous deductions
26,846
1,470.445
125,422
(net Dr)
provision
non-operating
7,257
1,825,817
(net Dr)__
rents
8,772,764
20,547
♦Net railway oper. inc.
Southern Ry
—
surplus,
unadjusted
$11,887;
profit
and
credits,
$778,334;
appropriated
loss
balance,
additions
surplus
through
in¬
specifically in¬
total, $7,650,892,—
not
$219,548;
Gross
1943
from
Net
ry.
—
from
Net
railway-
railway
oper. income.
Spokane Portland & Seattle Ry.—Earnings—
-Earnings—
April-
—
from
Net
ry,
railwayrailway
income.
oper.
■
1941
$20,355,595 $15,323,445 $10,217,607
9,511,435
6,073,376
3,651,709
2,457,761
3,082,300
2,318,581
1940
from
$8,226,577
Net
from
2,412,317
Net
ry.
1,482,330
railway—
railway ______
oper.
income
1942
1941
1940
$1,867,985
$1,470,359
$961,597
$706,470
945,168
662,525
260,351
151,319
495,121
461,948
181,678
29,881
7,324,536
3,417,370
2,694,391
3,731,659
5,341,840
2,328,021
1,120,443
698,176
2,435,561
1,500,474
600,354
241,074
From Jan. 1—
from
79,436,290
55,326,201
41,276,337
33,539,290
Net
from
37,554,773
19,841,976
14,862,570
9,547,285
Net
ry.
10,816,523
10,348,319
9,543,057
5,760,524
—V.
Wk. End. May 21
1943
1942
$
—V.
Gross
railway
railway
oper.
157,
p.
income
1751.
*
Period-
Gross
1943
Aoril—
1942
Gross
from
Net
letter
record of which you
325,194
739,815
debt
Balance
40,000.000
2,062,657
credits,
Army
fore
206,151
4,319,625
funded
on
Railway operating revs.
Railway oper. expenses
Gross
petroleum
for the Allied Armies in Africa,
written by Col. G. F. Lewis, Assistant Chief
of Staff of the Air Transport Command, stating that this work "has
been of incalculable value to the Air Transport Command and to the
Brown
Mr
1,252,871
From Jan. 1—
good indication of a promising new field."
reference
1943
Month
aviation
gasoline."
declared:
to
$915,238
income
Accrued
2,635,765
6,600.000
Co
due
not
Period End. April 30—
,
Net
year
a
1
Named—
and other current liabilities
reserve
tem—
Net
first
catalyst
& Tel.
Southern Pacific Co.
gaso¬
company
deferred
Unappropriated
Brown stated, "the stockholders will be interested to know
of the seven TCC units (Thermofor catalytic cracking)
Mr.
the
that
with
connection
,-'w.
been
612,150
50.000
"the
present acute shortage in this area is undoubtedly a keen disappoint¬
ment to the consuming public in the northeastern area, and indicates
how delicate is the balance between supply and essential demand."
"In
Income, April 30,
income
amortization
Net
757.173
25,000,000
premium
Contributions
general conditions resulting from the war, he declared.
Sales
eastern area, where Socony does a larger volume of business
the
in
than
173.352
-V
136.539
Depreciation and amortization
of
cause
also
Aug.
include
not
do
years
has
payable
80,731
40,000.000
—V0t157,~"pr~1469.~
reflects much the same situation as pre¬
Mr. Brown said.
"The figures for
the company's 50% equity in StandardOil Co., operating! principally in the Far East."
•; yy, •
"This
vailed
■
1950.
p.
after taxes, for the
with $11,000,000
compares
share
stock,
——
1st mtge. & coll. trust
on
serial notes—
of
Other
110,603,454 105,743,101
billing and customers' deposits
Insurance
company's earnings for the first four months of 1943 are esti¬
at $9,500,000, after deducting taxes at the 1942 rate, President
A. Brown told the stockholders at the annual meeting on May
27,
the
on
payable
of 16%
taxes)
78,307
taxes—'
1,832
Miscellaneous
f.-'
($100 par)
liabilities
Unamortized
Other
•'
capital stock
on
Advance
Socony-Vacuum Oil Co., Inc.—Earnings, Etc.—
mated
share
1943),
21, last.
per
interest
Amort,
282,105
—,
debt ,-^jl
Accounts payable
Inc.—Special
trade and 16 the smallest.—V. 157,
V;[-;,
Advances from American Tel.
Offering—Baker, Weeks & Harden on May 27 made a
special offering of 3,500 shares (no par) common stock
(v.t.c.), at $2J per share, with a commission of 40 cents.
There were 23 purchases by 17 firms with 370 shares
the largest
Dec.
on
per
30,
distribution
———.——
than
income
on
Other
$
42.291
_
„
Premium
v?-;' .V'yv
C.)
J
1,276,146
__
_
p.
91,263
income
Interest
3,095,204
—.
Liabilities—
Co.—Bonds Called—
Accrued
(L.
157,
-
has called for redemption as of July 1, 1943, a total
mortgage 6% gold bonds, due 1951, at 101 and
Payment will be made at the Continental Illinois National
Trust Co.,
trustee, 231 South La Salle St., Chicago, 111.—998.
y ;.yyy":
;
&
Statement of
cents
June
initial
Net operating revenues
Non-operating income
de¬
Int.
70,000
—_
supplies
Prepayments
25
An
this issue
on
of
ending
15.
retirements
(other
Federal
1941
807.321
■...Deferred, charges'.
first
of
June
_____45,084
for
State income
ex¬
after
163,052
—
receivable
Material
company
$125,000
Federal
tax
79.231
—
——_
interest.
Taxes
104,435,021 100,216,456
353,082
338,644
Other investments
Working funds
or
1932.-rV.
■
plant
Miscellaneous
been
duration
the
for
profits
excess
_
,
Sioux City Service
of
..
Cash'
predict
•
558.
p.
400.000
.
per
'
expense
Provision
$420 958
that its earnings for the
year
will not
profits tax under the provisions of the Second
Assets—
Telephone
that a
years might
the year 1942 the trustees indicated their
intention to present to the Court the question of whether substantially
all of the accumulated funds might be distributed to the shareholders.
—V.
400,000
$440,736
1942
covering
report
of
$347,709
$3
quarterly dividend
369,792
revenues
Operating
Comparative Balance Sheet, Dec. 31
'■
to
present
dividend
a
months
.
Operating
Gross
therefore
six
record
..
$3,220,958
2,800,000
considers
excess
dividend of
usual
December,
quarterly dividend of $1.62%
6%% cumulative preferred
record July 20.
holders of
'■
notice
gave
petition
Revenue.
unable
discussions.
these
taxes
the
on
outcome
the
are
Revenue
income
Court
the
Internal
of
Act
profits
$23,385
share—__
an
a
of
pending
trustees
2,800,000
ducting $162,271 postwar refund.
said in sub-
May 29
on
,'
•
$3,240,736
2,800,000
Chancery
Bureau
Action
Bureau
The
make
to
of
substantial
postponed
In
stockholders
Court
the
the
date
made.
the
the
'' '' '
•>
authority
with
in
claim
be
'"
■
-i
to
cess
distribution of $1.35 per share
of New Castle County, Del.,
hearing thereon was scheduled for May 14, 1943.
Shortly prior
that
to
letter
a
''•*'*
•|f'
for
filed
was
In
$3,147,709
2,600,000
company
subject it to
The
$2,623,385
stock
Earnings*per
1853.
p.
in
the
on
225,000
Bal. carried to surplus., K;
Shs. outstdg.
(par $100).
747,147
41,196
....
the
The-usual
on
_
directors have declared
common
263,164
—
common
and
made
was
Maintenance
$2,584,476
'
accruals
reserve
avail,
semi-annual
a
.stock
common
Southwestern Public Service Co.—Dividends—
The
830,000
of
class
on
class
share on the $6 preferred stock, no par value, both
pay¬
to holders of record June 19.
The previous payment on
per
,
$4,108,310
921
for
iCr.)
the
on
$1.50
1653.
income.-
premium
directors
share
_
1943—12 Mos.—1942
retire.
375,000,
$1,289,578
286,019
charges
on
$1,664,578
expenses-
reserve
Divs.
859,342
$1,'341,353
324,118
long-term debt
Misc.
813,553
$337,659
319,970
charged
of
211,385
$320,929
%
362,555
interest
Release
income
Balance
interest
Bal,
$199,297
...
1,382,
.
under
available
fixed
Co.—Earnings-
1943—Month—1942
$529t481
(net)—_
Consolidated
Period End/April 30—
y,
inc.
operating income
Other
•
V '
Sierra Pacific Power
1943—12 Mos ,—1942
4,572,308
Preferred
operating income
Bond
2,096,114
3,457,152
6,963,300
,
$2,306,592
611,249
934,019
taxes
Income
4,124,026
oper.
—
$9,255,039
the
17,707,390
22,667,365
___
expenses
Federal excess prof, tax
19,072,065
28,000
1943—3 Mos.—1942
revenues
—V.
death
gen.
Operating
Other
railway.—-
151,136
244.766
353,144
construction
376,077
railway...—.
2,946,179
203,923
396,369
ree'd
Expenses
830,516
654,310
3,190,380
327,712
$2,216,687
1,069,951
1940
2,567,999
8,791
*145,432
*145,583
1,183,700
inc.
22,992,339
47,500
empl.
pensions-
Net non-oper.
3,845,990
1,470
'"5,572
Southwestern Gas & Electric
Co.—Earnings
1939
Empl.'s sickness, acct.
Other
5,923,419
*29,568
209,934
license contract i*±-
$4,145,615
income—
15,245
$675,223
Calendar Years
1941
213,211
.
Provision
in
1941
*6,140
*15,568
:
de¬
—
Accounting &
treasury departments
v.y■-
$5,048,853
46,130
*5,427
railway....
railway...:
oper.
exps.—i
law
partments
Services
$10,732,077
and
1940
$703,753
*15,895
*507
income...
'"Deficit.—V. 157, p. 479.
revenues
misc.
Executive
of
railway.—
from
Account for
ry.
1941
$1,333
"480
,
From Jan. 1—
Net
from
from
Net
1942
$452
„
ry. oper, income
From Jan. 1—
$25,945,991 $22,944,839 $20,446,917 $19,029,565
Current
maintenance—,
5,215,823
4,463,989
4,205,254
3,971,773
Depreciation
expense—
3,708,013
3,505,793
3,369,082
3,299,458
Traffic expenses
4,187,944
3,418,210
2,996,241
2,796,929
Commercial expenses1,900,474
1,638,693 ' 1,507,976
1,502,133
Operating rents
116,066
135,030
123,493 '• ,123,210
V.
-
1942
$8,399,440
oper.
Gross from
revenues.
railway
railway•
from
Gross
Telephone Co.—Report—
—$25,973,991
Uncollect, oper. rev..—
28,000
Seaboard collateral trust obligations, there would
in first mortgage bonds, $6 636,1*6 in
<^0me
>!'
1943
railway.... $12,313,202
April—
Previously the
$17,034,753 $15,572,271 $14,079,533 $13,261,707
7,993,297 > 6,503,723
5,540,140
5,039 426
945,941
916,345
855,244
770,932
revenues—
1943
from
Net
1942
revenues-
service
Net
I
dividends of 37% ."cents each, and in
1942, an extra of $2.12% per share.-t-AT. 157.
22,
Total
Earnings for April and Year to Date
Gross
April—
Gross
A
Taxes,
general
Seaboard
in
•
debt
10.
-
Miscellaneous
subsidiary rail and terminal companies of $25,215,806 held by Seaboard, $493,205 would be paid in cash and there
would be issued $1,165,289 in first mortgage bonds of the new com¬
pany,
$1,672,572 in income mortgage bonds, $489,579 of preferred
stock and $2,777,889 of common stock.
y v'%:'Vy'";7y
a
capital
June
quarterly
Income
"
Of
26, last.
Southern Pacific SS. Lines-Earningsthe
on
record
Net
Calendar Years—
$12,223,856 in first mortgage bonds,
stock.
$3,134,281
mortgage
declared
of
Net
Seaboard
issued
common
been
holders
com¬
'■
$37,194,943
has
to
March
on
Southern New England
mortgage bonds
$27,520,626
mortgage bonds, $8,598,903 in preferred stock and $50,098,-
issued
24
made
was
regular
share
per
June
Charges
in
of
would be
income
cents
1751..
Total
:
total
a
there
In
40
payable
addition paid, on Dec.
p.
underlying divisional bonds, there would
be issued $6,958,901 in first mortgage bonds, $16,637,936 in income
mortgage bonds, $4,047,690 in preferred stock and $21,338,968 in com¬
mon
paid
pany
$24,711,600 6f obligations of the receivers, $11,870,000 would be
assumed by the new company from the receivers' equipment trust cer¬
tificates and various receivers' certificates, amounting to $12,841,600,
would be paid by $3,852,480 in cash or replaced by $8,989,120 in first
mortgage bonds. 1
;-.';,vy'vV'v." v',
;■
v
of
$25,
par
similar distribution
'
$49,467,520
dividend
stock,
Of
Of
2157
South Penn Oil Co.—40-Cent Distribution—
a
counsel
from
hearing
The
& FINANCIAL CHRONICLE
earnings
157, p. 2053.
6,509,755
$
Jan. 1 to May 21
1943
1942
$
5,115,213 125,836,168
$
90,060,999
Springfield-South Main Realty Co., Springfield, Mass.
—Offer Made to Bondholders—
See
Malone
Knitting Co., above.
■t?"
'"
share on
the common stock, payable June 12 to holders of record June 5.
A like
amount was paid on March 15, last.
Distributions during 1942 were as
follows:
March 14, 62Va
cents, and June 15, Sept. 12 and Dec. 12,
27 declared a dividend of 50 cents per
The directors on May
Sales
(net)
Costs
and
share
the
on
Total
15.—V. 157, p. 1854.
record July
holders of
(The)
Called—.
and interest.
2141.
p.
•; ■.:
•
•.
y
:
<",v
965,264
237,926
230,433
Net
227,611
3,817,038
360,000
leases—
200,000
225,000
,,,'113,980
inc.
tax_
invest,
of
1,914,900
442,800
undeveloped
Stand¬
output of the public utility operating companies in the
system for the week ended May 29, 1943,
Credits
Net
profit
Power
Standard
Light Corp.—Asks to Sell Hold¬
&
ings in Standard Gas & Electric Co.—
The corporation has asked the SEC for permission to sell, from time
to
time, all or any part of 1,160,000 shares of common stock of
Standard Gas & Electric Corp. owned by it on the New York Stock
Exchange for cash,
Standard Power said, in its application, that
:
Earns,
of
as
June
such sales would be part
dated
Commission
the
with
25,
March
Gas
who
the holders of a
stock series B of Standard
■:
manufacturers of war
materia] to receive the Army-Navy production award, has just recently
received the "E" award for the second time "for meritorious services
on the production front."
The original award was made Sept. 8', 1942.
corporation,
with
conformance
In
revenues
V.
.
L
118,006
income
person
1,173,345
1,165,345
1,210,575
1,196,336
95,217
94,502
1943
/
1941
1942
.
'
:
&
earns.—Divs,
•
•
1940
"
•■
that
the
depletion
Net
;/%•%/'■
'
contingencies,
rofit
net
:
'
,
$184,565
$184,539
$172,218
26,844
26,288
28,262
earnings—.—
$159,244
$157,695
$145,930
$149,043
116,782
118,565
119,199
122,217
10,006
10,167
10,242
$32,456
$28,963
»;;■ $16,489
1,371,858
1,235,591
1,170,128
1,143,241
surplus
10,053
11,491
1,688
8,213
Int.
and
expense
Surplus
1
Jan.
credits
Misc.
•
.
to
pfd.
,
10,438
73,399
#
$1,258,834
$1,397,156
31—
income
other
of
$300
1943,
in
Balance Sheet, March
r
Net
252,911
181,669
$3,159,456
$7,696,528
$7,106,651
^
s
to
earned
•'
con-
surplus
$2,453,988
157, p. 480.
Co.—Weekly Output—
for the UGI system companies for the week
ended May 29,
1943 amounted to 127,391,835 kwh,, an increase of
20,348,764 kwh., or 19.0%, over the corresponding week last yeac.
:
output
electric
|
Net
ry.
47
$1,152,338
$308
$1,014 in
1942,
in
31, 1943
first
participating
A
stock
common
$196,975
79,878
219,189
54,162
from
from
Net ry.
1,520,299
870,808
765,266
Neal
of Montreal
$31,489; reserves, $1,767,284; capital surplus,
for general contingencies, $160,000; earned
surplus, $1,397,156; total, $19,399,746.—V. 157, p. 1567.
$154,950;
accrued
surplus
Transwestern Oil
Co.—Earnings—
620,778
—
from
from
Net
ry.
$381,380
$367,988
$213,123
$208,507
105,193
112,891
45,536
44,346
48,240
railway.—
61,671
26,081
16,965
railway.
income...
oper.
From Jan. 1—•
from
Gross
Net
from
Net
ry.
1,211,831
917,425
891,130
415,699
276,252
253,189
231,413
222,085
136,707
133,497
2054.
Net
ry.
1941
1942
$171,881
$118,511
$83,834
121,067
82,047
45,890
24,413
income—
30,202
63,213
35,129
14,981
754,608
398,525
256,186
577,077
232,285
170,582
405,335
280,261
128,172
from
from
railway.—
railway..
income...
ry, oper.
.
-
89,536
10,506
157, p. 1752.
Operating income
-Earnings—
1943
Gross from railway.— $11,277,196
Net from railway
6,059,400
Net ry. oper. income...
2,278,125
Net
from
ry.
364
cies,
Federal
income
157, p.
Crl2,377
30,000
$216,503
$169,490
—
1951.
company
Net
y.
/
.
•
:
;
Dividends—
on
United Air Lines Transport Corp. (&
operating
1941,
1940
$4,544,581
$3,727,146
1,471,994
893,365
1942
$4,519,084
509,451
—
....—;
Depreciation
2,978,159
1,482,303
889,678
348,147
17,342,418
14,955.453
10,676,007
5,548,424
5,297,213
3,200,295
1,488,173
Products,
Inc.—Prior
Preference
Net
(see
par
at
St.,
Each
value,
The
called
...
285,550
436,222
Cr842
'Crll6,792
Property,
Gasoline
franchise and other taxes——45,000
and old age benefit taxes
101,411
oil taxes—
86,479
101,093
Net
$1,778,463
$152,851
186,316
earnings
from
(incl.
operations
net income
on U.
31,043
80,871
S. Army
_i—_——
Total
for
redemption
as
of
June
30,
1943,
of
above
share
be
2:30
o'clock
the
converted
sion
price
rate
of 3l/3
stock.—V.
Euclid
Ave.
p.
of
m.
$30
at
any
stock
per
(having
time until
(E.W.T.)
in
share
shares of common
157, p.
163,196
6,581
(net)
contingen¬
4,917
700,000
175,000
70,000
250,000
165,000
45,000
$824,632
$342,391
$206,807
in-
500,000
._*«
.
$685,309
1
profit
1951.
for
the
a
and
shares of
conversion
value
of
including June
common
common
stock
stock.
at
25,
$100)
1943,
at
the conver¬
This
is
at
the
stock for each share of prior preference
other
income.—V. 157, p. 903.
V. 157, p. 2043).
.
(Exclusive
Earnings
—
$207,002
$982,779
$143,002
$0,655
—
$0,095
64,000
per
v
.
share
Statistics of Commercial Operations
3 Months Ended March 31—
Revenue
Mail
Revenue
—V.
passenger-miles
ton-miles
Express
of
"
.
Improvement Co. (& Subs.)—
Plaza
"Net
loss
"After
1943
...—.
taxes,
Notes—(1)
interest and
The
above
;
Operating Co.)
Quarter End. Mar. 31—
mortgage
$37,124
1942
1941
$45,390
;
$26,324
depreciation.
figures
include interest payable
011
the first
bonds of Trinity Buildings Corp. of New York at the fixed
per annum, and also the additional Interest of 1% accrued
payable before maturity except out of "available net earn¬
rate of 3%
but
not
ings" as defined in and provided for in the mortgage indenture of
Trinity Buildings Corp. of.New York.
(2)
No provision was made for current income or
excess profits
taxes.—V. 157, p.
903/
Universal Pictures Co., Inc.—Mergef
....
ton-miles
plane-miles
157, p. 1951.
...
1943
1942
69,951,605
57,968,945
2,366,290
1,197,635
" 730,331
6,037,649
847,635
4,902,978
Gets Court Ap¬
proval—
Justice William T.
Net income
East
and
$1,964,779
982,000
...
taxes——.
a
prior preference stock,
dividends.
Payment will be
City Bank of Cleveland,
income
income
Ohio.
may
$489,920
50,516
1942
54,151
and
Federal
at $105 per share and
National
Cleveland,
$739,488
44,323
United Stales Realty &
3,247,725
—
equipment sold
salvage on
Stock
total Of 995 shares of outstanding convertible $5
made
1940
$1,818,955
38,155
The Manufacturers Trust Co., New York, N. Y„ has been appointed »
Registrar for the preferred and common stock of this company, which
is
successor
through consolidation of the United States Lines Co.'
(Nev.) into International Mercantile Marine Co., the parent company1*
586,071
—
3,794,847
9,652,162
Called for Redemption—
Sixth
1941
$1,223,465
United States Lines Co. (N. J.)—Registrar—
'
.
23,151,226
has
ij
ij
(& Subs.)—Earnings-
1943
vy
Subs.)—Earnings
1943
$5,769,355
2,963,843
...i.
revenues.—
—
Other income
corporation
f
1957.
30—
taxes
"Includes
'
The
V
Earnings—
contracts)
without
5
yj
—
•
income
May 27 paid a dividend of 40.8 cents per share
on the 7%
cumulative pfd. A stock (par $10) and a dividend of 46.7
cents per share on
the 8% cumul. pfd. B. stock (par $10), both to
holders of record May 20.—V. 157, p. 824.
v \
The
$6,990,833
1752.
Thompson
p.
taxes, etc.
and State
come
1,360
Cr2,213
——
Fed.
and
Maintenance
26,485,001
income
of
$205,487
Unemployment
railway.
oper.
157, p.
$197,640
for
Reserve
3,421
—
credits
Operations
43,453,454
railway.—
outstanding, 166.7 shares of common
$1 now authorized and outstanding and
stock of the company held for exchange
now
common
•Profit before charges-
Depreciation
Interest paid
161,732
taxes.—:—
charges
State
for
Prov.
1942
From Jan. 1—
Net
3,876
—
Miscellaneous
Total
Texas & New Orleans RR.-
from
268,810
209,892
Quarters Ended March 31—
April—
Gross
246,918
47,041
From Jail. 1—
Gross
33,927
113,931
34,552'
...
Tyler Fixture Corp.—Preferred
1940
$221,736
...
railway
railway
oper.
;
157,
6 Mos. End. Apr.
:
Net
1943
from
from
taxes...
Ry.—Earnings—
April—
Gross
Net
other
depl., deprec. and amortiz. on pro¬
properties
-l..—%.
Prov. for deprec. on miscell. field equipt
Other expenses and charges—
.
—V.
Texas Mexican
value
the
]
certifi-r
T105,949
income—
157, p.
and
shares
United States Leather Co.
59,100
for
Miscellaneous
1,462,876
railway,
railway—
oper.
tificates.—V.
$787,933
112,651
operating expense_^^-._^ir.-_-_--ii,H_v^,
ducing
1940
1941
1942
1943
April—
Gross
y
47,405
$804,904
Prov.
|
listing of 600,000
in exchange for voting trust
par)
$728,833
taxes,
Lease
par
of
($1
15, 1928,
f
The voting trust agreement dated as of June 15, 1933 under which
|
599,672 shares of outstanding common stock of the corporation were
1
deposited, terminated by- its terms as of the opening of business on
5
June 1, 1943.
The holders of the voting trust certificates upon sur*
.
render thereof at the office of Commercial Trust Co. of New Jersey,
1
15 Exchange Place, Jersey City, become entitled to receive, as soon
f
as practicable thereafter, certificates of common stock of the corpora- # |
.tion for the number of shares represented by such voting trust ceri
602,839
$757,499
(barrels)—..—
Production
Net
1942
1943
v ^"y'"
%
3 Months Ended March 31—
reserved
Central Ry.—Earnings—
Tennessee
107,892
has been elected a director to succeed
139, p. 458.
(par
$566,752;
247,682
132,507
Ry—New Director—
Toronto, Hamilton & Buffalo
income
the
stock
voting trust agreement, dated Oct.
the late Sir Edward Beatty.—V.
Oil
Inc.—Listing—
conversion of the following upon official notice of issuance
by the company: 67 shares $100 preferred series A stock; 5 shares
$100 preferred 6% stock; 6 shares $50 6% preference A stock; voting
trust certificates for 19 shares of no par common stock issued under a
758,741
350,825
621.075
77,136
"19,526
:
•
886,309
income.—
"Deficit.—V. 157, p. 1854
oper.
$1), $450,000; funded debt, $9,297,000; due to sub¬
sidiary companies, $118,500: accounts payable, $3,664; accrued interest,
stock
of
shares
,
preferred cumulative stock (par $100), $4,preferred cumulative stock (no par), $82,771;
(78,437 shares, no par), $452,771; class B com¬
599,672
161.3
13,483
<
,
railway
M.
for
stock
;
|
1
died at Phila-
upon
railway
William
common
43,281
34,497
From Jan. 1—
Net
of
shares
J
157, p. 2055.
Board,
York Stock Exchange has authorized the
cates
82,221
income...
oper.
Chairman of the
Zimmermann,
United Merchants and Manufacturers,
Th£ New
$183,016'
$224,386
railway
Edward
delphia, Pa., on May 30, following a long illness.—V.
1940
1941
1942
'
Obituary—
John
•
,
.
Liabilities—7%
917,400;
—V.
63,246
158,053
United Gas Improvement
declared on the common
railway——_
from
15,458
unamortized debt discount and ex¬
pense, $605,705; due from subsidiary companies, $87,735; cash in banks,,
$332,748;
special deposits, $4,980;
accounts receivable, $300; total,
$19,399,746.
•,y
;.y.
yy.; ....... -
—V.
$7,288,320
carried
./ The
Distribution—
$407,274
248,570
from
$1,167,842
Assets—Investments, $18,368,277;
Net
$7,949,439
mi¬
to
interests
sol.
$34,245
$4,523
Bal.
.
—V.
RR.—Earnings-
1943
April—
$1,172,801
17,211
1941, $1,114 in 1940.
Net
$3,222,702
applic.
nority
cents
$1,188,306
15,458
$1,276,045
dividends.^
Mar.
"Including
:
25.G96
construe-
j,—
Toledo Peoria & Western
Gross
Bal.
—V.
54,637
48,750
375,000
107,644
June 21 to holders of record June 10.
This compares
paid on March 20, last.
Payments in 1942 were as
follows:
March 20 and June 20, $1
each; Sept. 21, 50 cents, and
Dec. 21, 75 cents.—V. 157, p. 1854. ' 75
47
dividends—..
pfd.
1st
mon
45,311
to
(Cr)
Portion
$843,392
——
,
_
57,214
25,048
——..:/' $2,612,041
chgd.
tion
,
$866,344
etc
cents per share has been
of 50
dividend
A
with
$1,414,367
17,211
Total
class
|f
$4,273,471 $11,660,314 $11,218,308
$3,472,747
48,750
' ■
375,000
458,903
23,364
127,117
deductions
Int.
stock, payable
Gross
;
H
195,000.
1,500.000
2,090,233
,170,451
Other
,
Net income
7%
2,853
,
453,960
61,397
10.606
/
195,000
1,500,000
2,013,298
debentures
on
interest
Apr. 24,'43 Apr. 25,'42
■
Timken-Detroit Axle Co.—50-Cent
discount
debt
of
Amort,
$3
11,381
$16,388
i—
Interest
■j-
12,002,364
$10,825,745
524,950
collat. trust bds.
on
Other
$177,305
25,321
163,956
deducts.-
income
Gross
Balance
;
68,742
64,219
1
share
$3,311,644
^
income
12,671,974
3,431,652
^....f'^-y^yy
charges below
taxes,
3,638,463
4,638,036
■
$4,087,920 $11,311,948
196,932
358.972
3,562,341
approp.
income
Other
Notes.—
(& Subs.)—Earnings—
'
for
res.
y
operating revs...
Other
purchased
had
company
$2,465,000 as Tax Anticipation
o-: y,. —
■
$50,370,335
19,265,727
—
Property retirement and
unprecedented world¬
t$0.18
t$0.05
"Including gross income from service fees oh operation of subsidiary
finance company.
tOn 25,000 shares of $1.40 convertible preferred
stock.
|On 462,126 shares of common stock.—V. 157, p. 2054.
j
and taxes-
interest
Oper. exps.
Net
and
revenues.*^.
—
Int.
announced
also
1854. '
p.
Consolidated
3 Mos. End. Mar. 31—
'y
■
1943—12 Mos,—1942
$15,659,764 $15,631,593 $55,964,518
expenses*,:-__
5,306,964
5,176,386 20,301,632
Federal taxes
'/_■'• 2,249,590
1,614,503
7,120,420
Other taxes
1,229,225
1,321,132
4,558,544
Operating
Operating
Of the 500,000 outstanding
proxy.
investment
an
as
157,
Prov,
Telephone Bond & Share Co. —Earnings—
.
Vast Post-War Petroleum
shares of
represented and of the 6,376,043 common
by
(1943
Subs.)—Earnings—
1943—3 Mos.—1942
End. Jan. 31—
Period
of the 6,876,043 outstanding shares of pre¬
stock owned by 32,789 stockholders were repre¬
or
contingencies
United Gas Corp. (&
/
•/
:
87.51%
common
Earnings per
"Gross
s
.
"Sales
'
'
$0.50
-;//
Profit before
157, p. 2054.
"
$0.36
16 Weeks Ended—
$5,363,252
$6,106,930
$462,839
117,273
accruals
reserve
Net
—V.
1943—12 Mos.—1943
1943—Month- -1942
$561,091
—
$0.41
Tilo Roofing Co., Inc.
retire.
after
inc.
$0.33
accruals, Federal
$298,414; reserve
quarterly
1943
Humphrey Sees
Humphrey
carried
1950.
Period End, April 30-
Gross
$2,522,516
•
taxes),
$483,500; minority interest, $39,559; common stock (397,885
no
par
shares), $11,952,538; earned surplus, $4,351,659; total,
$40.132,741.—V. 156, p. 2142.
.-yv'-V-i^yy-y':' 1 i,::
$5,000,000 of U. S. Goverhment securities during the Second War Loan
campaign just concluded, thus bringing the company's present holdings
of these securities to a total of $12,465,000, of which $10,000,000 are
Tampa Electric Co. —EarningsOperating
in
Mr.
official ceremony
no
$1,372,653
State
depreciation and depletion, $20,457,501; reserve for
and
taxes,
$793,630; reserve for income taxes and
expenses
William F. Humphrey informed
and
Chicago
first
the
War Department request,
a
157, p.
be held.—V.
will
of
one
$1,214,086
payable (includ. provision for
$1,755,941; dividends payable,
Liabilities-Y-Accounts
preferred stock, 71.06% were
shares 88.80%
were represented.
"E" Awards—
Corp.—Receives
Stewart-Warner
ferred
Sheet, March .31, 1943
i,
notes, tax series C, $600,000;
for
on
above
meeting
sented
This
562,500
are
the
At
and State taxes.
operations),
.
willing to work and will create an
wide demand for American petroleum products.
transaction will require the consent of
'"The proposed
955,883
956,313
stockholders at the annual
meeting held May 6 that the vast rebuilding of bombed cities and the
flood of orders for new automobiles and airplanes which will follow
immediately upon the ending of the war will provide employment for
all
majority of the common stock and common
Power.—V. 155, p. 2463,
.-
and
1,593,708
562,500
Demand—
will not participate in the
the recap plan of Standard
common stock of Standard Gas
and will be eliminated.
Hearings on
were commenced
May 5, 1943.
present
plan
260,134
$4,040,354
562,500
955,338
products.
President
397,885
$1.25
$1,245,298; inventories, $2,087,045; investments,
$1,246,157;
other assets, $800,712; land, buildings, equipment, etc.,
$32,667,180; trademarks, contracts, etc., $1; deferred charges, $152,996;
total, $4o,i32,74i.
.
\;.yy-y
'%///'/\;
'v.; V;,y /':./' y-.
31,086
$1,168,435
share
President
filed a voluntary recap plan
1943.
Under this plan the
notes that Standard Gas
company
$1.36
receivable,
accounts
$2,891,036
stock
other
and
1942.
19,
The
137,873
.
statement does not include the
amount of $4,778,420 collected for Federal, State and municipal gov¬
ernments in the form of taxes on sales of gasoline, lubricating oils,
designed in the opinion of the directors to realize
highest price for the common stock of Standard Gas in anticipation
the liquidation
and determination of Standard Power's existence
directed by the Commission in a
"death sentence" order dated
the
$1.41
Balance
Consolidated
$3,'370,294
562,500
•
:
Note—The
of a general program
397,885
$1.27
deducting Federal
"After
$2,687,248
L—
per
common
298,414
397,885
share
per
153,934
dividends,.,.
Surplus
<
$495,184
298,414
397,885
171,256
dividends
Common
$540,028
298,414
par)
80,451
(net)
Preferred
345,000
$522,111
outstdg.
stk.
com.
151,857
acreage
totaled
153,273,000 kwh. for the corre¬
of 14.3%.—V. 157, p. 2053.
.175,261,000 kwh., as compared with
sponding week last year, an increase
393,000
Assets*—Cash, $1,333,352; U. S. Treasury
dry
Electric Co.—Weekly Output— //;///
Gas &
Standard
Electric
Cr 3,246
298,414
'.yy
Prop,
ard Gas & Electric Co.
383,245
Dr5,388
$507,139
.1.
(estimated)
Earnings
4,016,009
.
437,376
Dr5,86l
and
Fed.
for
Dr6,599
profit
(no
'.
360,581
236,242
3,631,091
Amort,
476,125
!
Dividends
ShS;
amortiz.
,*$875,182
"•$983,265
$1,348,624
$1,394,315
487,577
741,216
1,115,141
217,517
■
.
716,575
1,173,128
3,701,774
1,155,600
Prov.
156,
N. Y.—V.
New York,
Wall St.,
■■■;.■
40
trustee,
successor
_
774,543
1,324,196
retirement
and
hole losses (net)
Rentals of undeveloped
mortgage bonds, series A, due Jan. 1, 1946, at
Payment will be made at The Bank of the Manhattan
15-year 5Vfe %
Company,
taxes
of
fund, debt exps., etc.
Depreciation & depletion
July 1, 1943, a total of
for redemption as of
taxes
exps..
Insurance
Interest,
been called
$9,400,859 $10,686,400
852,430
1,376,422
436,262
admin,
Ordinary
Co.— Bonds
Printing
&
.
,
.
There have
$6,300 of
100
Bleachery
Standard
income
and
Gen.
&
gen.
expenses
& depletion...
Minority interest jv—'-/;
Fed. inc. & exc. profits
Deprec.
$10,862,639 $12,553,450
!
Other income '<
$1.25 per
$5 cumulative preferred stock, series'A, payable Aug. 2 to
the usual quarterly dividend of
also declared
directors
The
sell.,
mfg.,
admin,
$9,195,665 $10,418,930
205,194
267,470
1940
1941
deduct,
Oper. profit aft.
$10,643,608 $12,362,112
219,031
191,338
Profit
cents each.
50
—— —
selling exps,.
J
1942
1943
3 Mos. End. Mar. 31—
1940
$40,926,141 $36,988,606 $34,927,272 $35,289,340
30,282,533
24,626,494 25,731,607 24,870,410
1941
1942
1943
3 Mos. Ended March 31—
-Earnings—
United Carbon Co,
(& Subs.)—Earnings—
Tide Water Associated Oil Co.
Dividend—
Squibb & Sons—50-Cent Common
(E. R.)
1943
Monday, June 7,
FINANCIAL CHRONICLE
THE COMMERCIAL &
2158
Collins of the New York Supreme Court on June 2
approved the proposed merger of Universal Pictures Co., Inc., into its
parent company, Universal Corp.
Approval will terminate an account¬
ing suit brought by Samuel I. Posen, a director of Universal Pictures,
and minority stockholders of the Picture company.
Under the terms of
the merger the minority stockholders will receive three shares of the
for each common
Justice Collins said
of Universal
prospect of an immediate return on
—V.
157, p. 2055.
parent
company
they now hold.
common
stockholders
share of Universal Pictures stock
as a result of the merger minority
Pictures would have a reasonable
their investment for the first time
Volume
Utah
Number 4183
157
Light & Traction Co.—Earnings—
Period End. Apr, 30—
operating
Operating
Federal
THE COMMERCIAL & FINANCIAL CHRONICLE
1943—Month—1942
,
$188,379
revenues.—,.
taxes
$138,298
140,880
expenses-
1,632,222
770
7,115
$1,354,516
1,194,237
8,126
$2,099,434
118,703
11,039
■;
,*..1—
Washington Gas Light Co.
6,108
96,706
82,647
12 Months Ended
•
1943—12 Mos.—1942
Operating
taxes
Net
—
oper,
Rent lrom
revenues.—
lease of
$29,345 '•
.
v
•
$12,717
31,258
plant
68,205
$287,859
$83,948
jfht,
income
373,736
on
Other
&
$52,313
$661,595
$623,641
49,221
50,518
595,904
7,729,734
Maintenance
"
-
—
2,116
25,303
income
$9,319
"$321
$40,388
Period End. Apr, 30—
;
Net
Federal
Other
taxes
—
6,058,866
5 ,436,140
144,437
2,539,534
1 ,472,536
141,242
—
414,557
191,025
165,986
1,527,943
1 ,647,951
Deprec. and prop, retire.
res.
101,500
150
1,235,705
:
1,800
,196,534
150
oper. revenues
for lease of plant
Net
Rent
$389,463
$338,013
$4,364,833
„V
Other
:
Income
Gross
Int.,
373,735
'539,693
$3,991,098
19,711
16,580
$4,010,809
V
1,229
1,115
.
.
176,617
2,085,710
$122,914
$1,925,099
etc.,
157,
Taxes,
applic. to pref. stocks for the period.
1,704,761
84,472
903,056
Net
earnings
per
$1,102,433
'.v-.v
•Utah
124,278
113,514
ry.
railway
railway
from
Net
■
139,000 ;
113,591
>
516,762
591,779
253,124.
Federal
$492,310
$2,235,126
1,366
11,327
9,337
other
$524,251
$493,675
$2,246,453
216,756
225,522
870,275
$1,376,178
106,717
107,280
427,297
$160,874
$948,880
Net
''Deficit.—V.
*21,384
*19,448
;
•
Taxes
$5,693,400
$4,782,586
660,749
628,652
540,608
474,597
403,812
348,435
1,650,000
1,712,200
1,408,107
600,973
$3,204,526
cap.
—
tak—Note.
4,775,000
2,425,000
$1,958,964
$3,220,732
1,822,196
$2,410,772
1,561,670
1,124,001
879,234
$3,781,160
$3,972,442
$4,344,733
$4,083,761
inc..
166,796
153,209
169,689
143,134
$3,947,956
$4,125,651
$4,514,423
$4,226,895
22,332
22,205
14,074
22,175
$3,925,624
$4,103,446
$4,500,348
$4,204,719
551,356
549,169
540,719
626,437
$3,374,269
$3,554,277
$3,959,629
$3,578,283
—
income
deduc.
from
inc
charges
514,602
*3,863
Other
43,224
57,142
Total
12,770
23,791
Interest
excess
1943
-V.
1942
;
...
157,
1368.
:
1
;
'
'
'
;
.
I
.
'
■■
for
divs.
The directors on
the
A
&
Western
Gross
Net
income
follows:
June 2 declared
made
was
on
March 31, last.
Payments in
&
1942
ry,
Federal
Net
1943—12 Mos.—1942
$2,270,815 $31,064,630 $25,527,209
the
on
9,376,797
of
2,302,423
2,003,706
the
225,321
2,753,688
2,569,387
618,027
392,000
6,531.973
2,493,729
been
:
$398,665
$6,055,422
2,415
Dr2l3,376
862
$5,617,285
Dr45,909
$493,705
$401,079
$5,842,046
$5,571,375
157,824
amort—
151,390
1,845,987
dividend
-V.
for
$249,690
$3,996,059
1,171,602
•
requirements---.
common
157, p*. 1855.
$3,766,300
1,171,602
stock
surplus— -f
and
$2,824,457
other
from
Net
ry.
$601,610
$1,962,692
1,018,826
1,008,587
*245,258
1,057,865
,
from
Net
from
Net
ry.
railway-railway
.V.
'
9,110,842
-
'
4,479,180
income—_
2,482,118
"Deficit—V. 157, p. 1752.
; -v.,/■.
the
846,099
7,779,388
3,897,403
oper.
2,115,542
of
Vulcan
Detinning
that
hearing has been set for June 18
a
York
facilities
Manhattan
ry.
Stock
are
Exchange
to. strike
from
for
registration
this
of
security
no
preliminary to liquidation, certificates for shares
would not be accepted for transfer on the books of
April 29,
on
1943,—V.
157,
.
1943
of
1941
1940
—
$1,462,640
$1,251,409
$1,308,582
ry.
$148,210
193,725
144,885
34,688
56,587
71,043
16,558
8,344.
1,725,976
1,133,454
714,468
etc.-
1.188,374
1,010,495
1,022,182
539,059
income..—
oper.
Other
$274,266
$240,915
$286,400
Material
income
755,203
407,359
150,992
220,187
;
138,910
70,252
24,328
Other
and
Deferred
&
Stationery
Corp.—To Pay 50-Cent
*
and
$2
May 27 declared a dividend of 50 cents per share
payable June 30 to holders of record June 18.
$1 paid on Sept. 30, last; 50 cents on June 30, 1942,
30, 1941.
stock,
The
Sept.
on
directors
share
also
on
the
June 21.—V.-
157,
declared
preferred
the
stock,
48.
p.
21,885
39,941
28.806
64,497
income
Taxes,
etc.
Applic.
of
ization
$296,151
....i—
deductions—
$29,463,034
8,821,890
31,650,282
.
$280,855
$315,206
Grants
160,608
125,900
$3,317,970
$3,202,884
inc.—
155,981
186,653
$1,864,137
$1,538,920
$3,473,951
$3,389,537
ordi¬
income
Crl4,8l9
reserves
Dr40,427
Crl5,373
489,796
485,225
1,475,486
1,456,967
$1,053,695
$1,998,465
from
$117,586
profit
net
$135,066
$148,879
516,000
391,000
765,000
619,000
$858,341
$662,695
$1,233,465
Common
Earns,
,
■
.
dividend
per. com.
"Includes
for
Federal
...
income
Balance
Condensed
$3.47
-
taxes
replacement reserve of $26,088.
,
Sheet,
.
.
of
$3.89
$130,000,
March
1943
Assets—Cash,
(less
$672,465:
reserve,
marketable
$25,000),
securities, $2,264,404; accounts
inventories, $827,180; com¬
application of Western
Inc., for approval of
employees on home mortgages, $22,759; plant and
depreciation and obsolescence reserves of $2,894,602),
$1,344,280;
processes and intangible
assets (including goodwill), $2.544,677; deferred charges and prepaid expenses,
$12,328; post-war
excess profits tax credit
(estimate), $20,000; total, $8,160,208.
equipment
loans
presumably
a
it
Union
merger
Will
be
a
hearing
on
Telegraph Co. and Postal Telegraph.
plan.
during
No date was fixed for the hearing,
latter
the
half
of
June.—V.
157,
Interest
Liabilities—Accounts payable and accruals, $413,669; dividends pay¬
able, $22,834; reserve for income and excess profits taxes and other
governmental charges, $615,316; reserve for contingencies and in gen¬
eral. $363,366: reserve for governmental charges (not current), $75,813;
inventory replacement reserve,
$91,116; post-war excess profits tax
credit
reserve
(estimate), $20,000; preferred stock ($100 par), $1,522 300; common stock ($100 par), $3,225.800;-capital surplus, $107,925;
earned surplus, $1,702,069; total, $8,160,208.—V. 157, p. 1568.
1,430,053
payable.
interest
liability.——-
Deferred
accrued—-—
debt
and
.y.—-'A——
retired
loss,
106,172
4,744,852
231.053
229,799
through
income & surplus
profits tax. estimated
13,017,103
2,435,834
& surplus
146,866
14,172,022
2,428,041
1,587,000
1,382,000
378,000
17,905,537
17,817*905
120,849,424
balance.——..——
115,444,159
—-i
'
yA——.A—-;——
Total
105,272
348,657
credits
Post-war refund of excess
Profit
2,640
7,648,145
liabilities..
liabilities
9,435
11,020
3,103
Unmatured
current
858,461
38,402
17,412
-
unpaid—-—
Accrued tax
Other
17,663,000
941,629
——_
payable.—-—:
unpaids.
matured
1,430,053
18,013,000
...—
accounts
matured
Dividends
wages
10,213,958
33,772,300
33,772,300
—
and
accounts
Earnings for April and Year to Date
/
April—
y:,
from
from
ry.
railway——
railway...
1943
$2,237,140
income...
oper.
Net
from
157,
369,537
201,244
229,628
288,824
6,985,457
5,903,432
4,903,746
2,391,636
1,941,229
1,567,617
834,142
1,336,000
1,255,537
/:
ry; oper.
—V.
1940
$1,166,548
325,303
8,808,564
3,845,313
1,190,556
railway—
Net
1941
$1,349,329
824,343
,
320,268
From Jan. 1—
from
1942
$2,087,038
998,582
railway
income.—
1752.
p.
(II. F.)
Wilcox Oil &
Statement
Gas Co.—Earnings-
for
Quarter
Ended
March
81,
1943
$881,789
— ....
(exclusive
of
items
below)
shown
sep¬
635,705
;
Taxes other than
taxes
on
—64,589
income————.......
16,790
—$164,704
——
Depreciation and depletion.—
Canceled leases, dry hole costs,
of
well
1—70,270
exploration costs and costs
abandonment;
for
doubtful
—
—
—
10,256
—,
accounts
Provision for contingencies
268
38,090
—
Profit
i—
34,905
———w-
—
$45,821
...
...
Discounts
allowed
———————y—
on
income......—
■'
$80,726
income
5,668
10,000
—
——
$65,058
—i—
——
stock.
431.579
Earnings per share ________—$0.15
"No
tThis
provision
compares
Considered necessary for Federal excess profits tax,
with a net loss of $6,559 in the March quarter of the
previous year.—V.
156, p. 2232.
Wisctmsin Hydro
Westmoreland Coal Co.—To Pay $1
to
(less
construction-
11,609,300
10,213,958
1952.
p.
$192,154;
pany's own preferred stock (2,175 shares), $259,959; other investments,
including
of
11,609,300
....
Outstanding shares of common
The Federal Communications Commission has ordered
the
31,
'
Merger Hearing—
inven¬
.
aid
Miscellaneous
tNet
$3.32
and
but
receivable
—
48,387
$2.94
share..
reserve
income
560,702
120,849,424 115,444,159
—4
"Provision for taxes
Net
32,745
727,492
$1,313,570
$130,477
23,359
■
...
3*707
1,689
Long term debtAudited
Total
'
dividends
Preferred
1,658,757
1,833
cumulative.-—,
5Va %- cumulative.;.1—
Non-operating Income
Deductions
1,503,378
$1,932,570
;
income
Net
123,231
107,423
nary
391,879
—;
4%
stock
in
Provision
$222,527
*178,565
125,418
270,026
457,577
26,260,150
$1,415,689
$1,374,341
—
2,124,007
322,547
Selling and general expenses.—
$34,968,252
10,942,972
126,235
from
2,502,400
237,353
•
—
stock
arately
1943—3 Mos.—1942
$12,680,874 $10,237,579
equal¬
price
5,205,360
notes
Or—
and conductors--——
Gross operating income
Cost of sales and services
Co., Inc.—Earnings-
1943—Month—1942
revenues..—
ordinary
2,323,572
—
income
income—non¬
Gross
tax
105,450,948
406,953
...
Common
'!.v
$1,737,902
Ordinary
$
!
107,413,054
assets
Preferred
regular quarterly dividend of $1.25
payable July 1 to holders of record
■
Western Union Telegraph
Operating
Oper. rev.
Treas.
assets
lien-stock
Gross
on
comihon
issued
2,130,755
S.
balances,
agents
Unadjusted debits
Net
Tablet
directors
the
oi
through
be
1941
$
dividends receivable———
current
Gross
This compares with
Deductions
Total
y-.""L-
receivable.——
supplies—
69,490
;
1752.
p.
will
1942
accounts
and
Net
on
from
Miscellaneous
20,044
$158,030
income
81,
———
578,231
oper;
157,
1940
$183,641
income—
communication
Net
'O'".1-
car-service
rec.
—
railway..—
railway.—
from
Net
1941
$331,196
railway.—
$697,088
products
deprec.,
tory
bal.
Funded
1942
$431,061
from
Net
■>
1942
and
Balance
•Snips
Sheet, Dec.
Additions to property through income
Alabama—Earnings1943
oper,
cream
available
bonds
;:yyi942
as
railway.!
From Jan, 1
per
8,369,198
Co.—Earnings-
Quarters End. Mar. 31—
New
;...y
from
Net
3,580,354
•
,
•:
Net
Prior
4,643,336
-•
which
Liabilities—
Corp.—Delisted—
the $100 par 6%
convertible preferred stock
the
corporation.
The
application
states,
Period End. Mar. 31—
:
49,466
.v
from
810,872
621,593
9,036,203
4,485,148
2,525,740
593,252
income—
oper.
,1940
1942
$2,134,181
From Jan. 1—
Gross
1941
1943
railway
699,048
645,199
April—
Gross
The
Net
1,427,324
Common Dividend—
$2,175,704
'
currently
for
$3,576,226
post-war
2,441,433
Interest
of
things,
Western
'
$378,000,
Investments
Unadjusted
"
froui railway—
45,322
4,862,909
May 28 that
by
Western Ry. of
"
April—
221,030
6,063,520
$2,594,698
Virginian Ry.—Earnings—
Gross
949,313
security
corporation after the close of business
-V.
Balance
227,042
9,954,365
5,311,341
3,208,293
2,750,955: ';2,185,599
RR.
12*% )
borough
1752.
p.
1,805,075
———$335,881
Preferred
to
determined
Gross
Balance
$1,388,684
417,192
13,074,518
registration
such
2,174,134
$492,843
Balance
Interest and
$1,686,882
3,785,900
193,829
_—
v;
""77,"'1'-:
:
7
Traffic
1940
longer available, and that the
corporation has advised the Exchange that, in view of the resignation
of the registrar and theTinancial condition of the
corporation, it had
10,927,396
revenues-
$3,959,629
estiinaieu
is
2056.
p.
announced
and
Net
•
157,
Pacific
(cumulative
209,358
income—net
901,546
1941
■
application
listing
851,642
234,983
oper.
The SEC
180,093
taxes—
$2,387,261
leaving
General Balance
530,513
Special deposits
.7
$2,862,978
1,183,517
'1,643,846*
.
income—
oper.
in
218,937
income
$2,816,487
1942
$3,666,868
income
Western
968,509
taxes
$617,875
1943
railway-—railway
from
i——
Depreciation
debt,
iur
$152,000
by the United States Government.
$2,917,773
,
RR.—Earnings—
.v
railway.—
railway.:.—..
oper.
ry.
$2,713,392
:
$3,554,277
muue
which
Temporary cash invest.—U.
Pacific
from
Net
—
revenues
Maintenance
Other
$805,256
From Jan. 1—
among
the
Co.—Earnings—
1943—Month—1942
Period End, Mar. 31—
——
Power
of
upcu
of
—
•; •
from
dross
on
March
Virginia Electric
Operating
Operation
544,231
Total
dividend of 25 cents per share
a
31, 30 cents: June 30 and Sept. 3Q,.. 25„ cents
each, and Decf 26, 30 cents.—V. 157, p. 2056. '
;
'
as
Other
suplus
from
Net
:.■>■..
distribution
similar
retirement
1942,
depr.
April—
capital stock, par $5. payable June 30 to holders of record June 19.
were
$3,360,719
134,833
168.
p.
Victor Chemical Works—25-Cent Distribution—
>
$752,707
136,098
for
Assets—
avail,
"Deficit.—V.
■
43,232
$941,354
.
expense
156,
Net
for estimated Federal, State and foreign
.
.
163,515
$3,374,269
$530,000
Cash
profits taxes charged against income for the nine months
amounted to $3,543,316 in 1943 and $1,385,976 in 1942.
P-
165,761
2,658,064
1941
•ended March 31
,—V.
$2,754,258
50,97.9
earnings
res.
(& Subs.)—Earnings-
etc.
Note—The provision
and
$3,194,958
1752.
————
$2,312,899
$2,458,752
$2,576,881
outstanding
;
681.180
681,180
682,380
$3.61
$3.78
Earnings per share of capital stock$3.40
"After depreciation provision for Federal and foreign income and ex¬
taxes,
815,912
v$709,475
una
shares
profits
2,057
5,730,501
294,123
259,312
83,077
22,955
profit
cess
911,837
5,480,129
2,921,858
income
404,460
9 Mos. End. March 31—
"Net
1,362,975
y $890,375
Operating profit
;•
131,550
Vick Chemical Co.
Common
1943—12 Mos.—1942
$2,888,362 $11,596,945 $11,142,824
1,295,203
394
-
63,320
157, p.
1943—3 Mos.—1942
$3,097,416
—-
——
Bal.
-
1939
681,273
$837,209
Misc.
exps.
$49,327
$15,992
9,744
*4,335
„
12,731
income
oper.
1940
re¬
&
oper.
ry.
Fixed
revs.
Operating
1"'::
railway
railway——
from
ry.
1941
$7,703,842
rents—Credit
Total
157, p. 1471.
1940
$84,222
25,952
...
from
Net
'
2144.
p.
430,063
-A.—41
Balance
$0.19
156,
$9,667,517
—
„
Other income
$1,267,272
cum.
stock
and
income
prof,
Net
917,069
$268,154
$200,777
require, on $6
-V,
misc.
taxes
taxes
Net
$2,184,341
$307,495
.i.
$0.21
and accrued.
1942
Ry, operating income
$2,175,004
3,145
....y...
deducts.__
due
742,945
Excess
178,053
$521,105
Period End. Mar. 31—
From Jan.
Gross
$78,866
$24,241,702 $21,221,641 $16,997,566 $14,919,230
14,574,185
13,517,799
11,304,166
10,136,644
opers.
and
stock
(net)—
income
fr. ry.
tirement
476,980
lieu of in¬
taxes U—v——
preferred
$211,551
1941
1942
$125,161
income
oper.
22,533
$84,510
$0.30
interest
—
Unemployment
income....
all
revenues-
local
taxes
Fed.
income
&
Div.
3,230,107
taxes..
for
expenses
rev.
State,
$6,313,269
3,310,378
prof.
income
Net
$6,654,046
803,559
oper.
oper.
Net
1943—12 Mos.—1942
$1,522,974
in
Gross
Int.
than
oper.
Other
Co.—Earnings-
1943—3 Mos.—1942
.
1943
•
from
Gross
22,528
$121,326
Wheeling & Lake Erie Ry.—Annual Report-
Ry.
830,744
excess
Operating
Net
$101,399
,
Ry,—Earnings—
Aprils—
67,266
$107,038
common
Western Massachusetts Cos.—Earnings—
:
71,360
—
calendar Years—
$1,615,127
——
expenses
income
come
.Net
1,704,761
,,
$220,338
.
76,498
431,567
—
share-
common
"After reserve
■' /
revenues
on
1941
$245,163
76,340
$143,854
22,528
(estimated)
dividends
1942
$254,738
81,140
—.
835,126
$1,350,690
1856.
other
Charges
—V.
—_—;.y;—:
1943
$656,567
profit
Net
$1,937,559
deductions
-
p.
income &
$1,916,312
$299,531
$188,554
157, p. 1951v.-
10,006
Period End. March 31—
$4,028,117
deducts.—170,879
Balance
—V.
39,597
.
„$359,433
income
Dividends
.
V.
1,800
$4,044,697
2,128,385
etc,,
Net
.
income
•
$358,204
(net).;—
'
$298,416
31,259
Operating income
Net
Preferred
$1,853,087
$2,253,746
income
Operating
Operating
$4,567,810
of
687,425
$2,243,740
^
income
Federal
105,525
ltd.-term inv.
appro.
,
Amort,
revenues
West Texas Utilities
1943—12 Mos,—1942
481,802
_
Income tax
793,377
813,985
profits taxes.——;
excess
Toronto—Earnings
profit—,
680,920
840,944
—_
Railway
$1,164,643 $15,728,681 $14 ,322,771
$1,309,207
expenses-;—
taxes
779,920
•
■
—
Co.—Earnings
1943—Month—1942
revenuesrevenues.—.
operating
Depreciation
*$3,858
157, p. 1655
Utah Power & Light
Operating
Operating
573.999
income
Gross
-V.
,l
.•
and
operating
Other
18,594
-
Aiy;
"Deficit.—V.
622,792
:
taxes
Federal
6,966,614
—■
Depreciation
Interest,
Balance
;
"Net
608,905
2,063
.
deducts...
$13,031,115 $11,555,422
—__
539,693
39,596
$60,603
bonds....
mtge.
int.
(George) Weston Ltd.,
3 Months Ended March. 31—
1942
■
Net
Gross
1943
L
General
Other
(& Subs.)—Earnings-
April 30—
revenues,
2159
The
directors
capital
A like
1,
1942.—V.
1942,
157,
Westmoreland
The
on
the
June
and
on
directors
15.
in
capital
A
payable
disbursed
was
15 and Dec.
15,
$20,
par
amount
Sept.
Dec.
stock,
May 28 declared
on
on
March
par
15, last, and
an
per
of
on
3
share
record
on
the
June
5.
April 1, July 1,
was paid on
extra of $2
904.
Inc.—25-Cent
28
holders
to
and In addition
p.
May
stock,
similar
on
15
June
Dividend—
dividend of $1
a
declared
$10,
a
payable
July
1
to
Gross
cents per
holders
of
share
record
was made on
Jan, 2 and April 1, last,
In addition, an- extra of 25 cents was paid
p. 1096.
Ended
earnings
Electric Co.—Earnings—
March
1943
$194,551
*
86,109
:
Maintenance
—a
Depreciation
General taxes
—:
——
—
taxes, State
Net earnings
Interest
31—
—
Operation
Income
Dividend—
dividend of 25
Months
——
——,—.——
and Federal—,—.
charges
79,580
6.119
5.336
27,337
—
....
1942
$187,123
25,326
20,815
21,389
9,850
—
9,650
$44,321
$45,842
30,466
—:
29,662
$13,856
$16,180
distribution
preceding quarters.
Dec. 15, 1942.—V. 157,
.
Net
—V.
income
157,
p.
—
648.
——i—
*—
Central Ry.—Earnings-
Wisconsin
1,097,635
*Total
expenses
—■
ry.' revenues—__
$691,484
167,752
101,976
Other
101,585
95,965
Net
taxes
of
Net
income—net
Other
C?"4,688
—
380,040
$1,027,802
Crl5,968
Cr7,995
Drl,162
h
„
charges
$307,993
14,445
in¬
prof. tax.
& exc.
166,900
177,200
669,700
1,064,884
$708,481
$685,940
$2,941,690
18,515
$2,960,205
Other
$687,460
$2,856,313
-326,180
310,544
-1,288,889
$407,494
income
$1,068,649
58,174
Net
$1,010,475
—
$376,916
$1,567,424
$1,587,049
278,931
278,931
1,115,726
1,115,726
4-
income
stock div.
.
Capitalization as of Dec. iU, 1942
'.:;;7V. 7'
7,,...777':.\
7 .• "
•;
*•;/.'V 7
;. 777 V:: .Authorized
Common stock ($1 par)
'
300,000 shs.
:
.
de-
other
and
ductions
Pfd.
$293,548
1,520
7 $733,674
(net)^„__
income
Gross
Interest
$997,000
25,192
$2,799,935
56,378
the
of
facilities
which the
of
Net oper. income
Drl21,333
46,770
$383,104
lieu
in
of the company's
the
eral industry, 25 7C; conductor and eave troughs and other metal parts
produced for tinners and plumbers; 10%; and jobbed items
company purchases from others,
40%. Jobbed items included bath¬
tubs, insulation material, brass and iron pipes and fittings, radiators,
furnaces,
boilers, hot water heaters, air conditioning units and a
general line of builders', household and plumbers' supplies.
Parts for
the automotive industry were manufactured for original equipment
and replacement purposes.
■
:
7
' ; /
166,200
166,200
Drl45,375
$1,043,770
11,180
_
fixed charges
aft.
Net
$394,284
—w—--
charges
tFixed
-fixed
for
avail,
-
excess
income taxes
profits tax_
$1,060,654
.
w
Inc;
&
1,671,921
excess
come
$309,156
$389,596
income
221,900
Dr30,782
Dr29,241
oper.
ry.
457,268
1217600
$1,327,362
Dr32,935
facility rents
Jt.
451.069
inc.
Fed.
$1,156,817
Drll,674
Drll7,341
$372,873
Dr 3,309
equipment
1,622,518
345,706
profits--
Federal
Charges
$422,147
taxes—_—.
after
Net
Hire
,
1,791,224
751,100
$3,286,171
$1,976,110
403,512
415,781
$570,814
Federal income taxes—~
$11,433,381
5,458.483
Operating revenuesOperating expenses ___
Taxes, other than Fed.*
$1,925,023
217,621
4,426,710
total dollar sales volume,•
_
,
company were converted to the present
wai.* production, the total dollar sales volume of the company was
divided approximately as follows: Parts for the automotive industry,
25'/; miscellaneous' drawn, stamped and pressed production for gen¬
Before
$2,979,942 $12,369,120
1,437,635
6,190,961
$5,999,066
4,074,043
$6,402,820
$1,660,428
1,089,615
$1,789,119
revenues,
requires.
::
1,373,157
.
:
"Excluding 3,234 shares
*
of defense projects:
Includes amortization
;
$10,788 i
25,189
113,349
73,493
26,171
interest being accrued on
being paid currently.—V. 157, p. 2056.
Michigan Power
Wisconsin
104,563 . (
corporate books but not
"'..v.,/ '■
•>:
1942
1943
Net
ry.
depreciation-.:,.—...,-—,
for
Non-operating
Gross "income
from
Deductions
Net
gross
572,923
—V.
credit of $14,000 for
(Will.) Wrigley Jr.
May
on
506,858
Assails
of
preferred
of
common
reasonable curtail¬
not
impairment," he
editor,
is
ment
added.
1902.
12,
Nov.
of its salaried
district
.
same
date,
employees to suffer
unduly from the unstabilizing ef¬
fects of the war.
V
Concludes U.S. Visit
Signs United Nations Pact
Morse:
however, loans to
finance
the purchase of homes
constituted the bulk of associa¬
of Mr.
comments
the
to
as
say
V.'
>"
t-•
his
Following
the
United
official visit in
- President
En¬
States,
the living
have
will
the
rect
or
anti-inflation
the
con¬
Government succeed
of the
reached
Mexico
the United
from
(May
indirect," he said.
"Unless
trols
adverse effect upon
an
effort whether it be di¬
war
holding the economic line, the
white-collar workers with fixed
in
faith
While
in
the
by
City
plane
which
the
in
Havana.
in
United
States
he
signed the United Nations' decla¬
in Washington on May 5,
ration
.
for
principles
Nations
United
the
are
fighting and their complete cer¬
tainty in the final triumph of
right and justice upon which the
peace and prosperity of the inter¬
national
community
must
be
based."
States, and later
arrived
26)
according to tions lending during March—$55,pledging his country's full re¬
promised to 005,000 of the $87,000,000 total.
sources for use against the Axis.
incomes are bound to suffer to a
recommend legislation to enable
The Bolivian soldier-statesman
"The relatively increasing ac¬ much
greater degree than organ¬
WPB to "crack down" on Gov¬
tivity of savings and loan associa¬ ized labor, which through collec¬ affixed his signature—the 32nd
ernment paper-users if board offi¬
on the document—at a state din¬
tions in supplying the funds for tive bargaining powers can more
cials
believed
legislation was
the sale of homes in crowded war readily secure wage adjustments ner given in his honor by Presi¬
necessary,
but
Representative
dent ROOSevelt,
,7:
7'7:/7:(7 7V7
industry areas, where houses are to meet inflation trends."
Boren
(D., Okla.)J head of the at a
premium, is indicated by the
President; Penaranda,
whose
Uncontrolled increases in the
group,
said WPB officials ex¬ fact that for the past twelve
country has decreed a state of
pressed the opinion that "Con¬ months loans for this purpose cost of living would also inevita¬
war with the Axis, was an over¬
gressional backing" in the form have constituted over half of their bly lead to the creation of an ad¬
ditional
manpower
shortage in night guest of President Roose¬
of a committee recommendation
committee,
The
the Associated Press,
governments.
"Finally, the President of Bo¬
and the
President of the
United
States
have
reaffirmed
their
unreasonable decline in rique Penaranda of Bolivia con¬
conditions of tnis group cluded his trip, and on May 22
"Any
sub¬
two
is
also had the following to
taken
class
livia
foregoing
the
which
from
9
which its outstanding shares
and common stock will be converted into a single
stock has been filed with the SEC by the company, a
Bolivian President
'• yV
;7
Co.—Files Recap Plan with SEC—4
The New York "Times" of May
loans
'
the
Electric Corp.
The plan includes the following steps;
"The surrender by Pennsyl¬
vania Gas to York, without any consideration being paid, all the com¬
mon capital stock of York consisting of 120,000 shares, par $10.
The
conversion by York of its outstanding capital stock of two classes into
a
single class of capital stock consisting of 30,000 shares of common,
par
$20.
Each holder of presently outstanding 7% . preferred will
receive two shares of new $20 par common in exchange for each share
of preferred."—V. 157, p. 1656.
'• y ■ .
y
parts. During the peace time years which
this part of the business was expanded.
It
I,
War
excess
sidiary of Pennsylvania Gas &
and sale of pressed,
of operations to include the manufacture
World
began,
gram
Pennsylvania
in
post, war
voluntary plan of recapitalization by
The
for construc¬
ice of the newspaper as an in¬ tion increased 87% nationally in
stitution in the matter of printing March over Febraury, the total of
news
and comment and in pro¬ such advances was still 61% less
than in March 1942.
As in pre¬
moting the war effort."
"To
the
competent publisher vious months since the war pro¬
and
0.60
692,482
estimated
deducting
York County Gas
and stamped metal
:
197,121
3,510,858
A
the plumbing
and steamfitting trades, were carried in
supplementary line.
To aid in the World War I war effort the company in 1917 broadened
and Nevada.
*495,361
0.30
7 ' <y y
y y<; y .■■■••
aggregate book value of all assets of the
charges), less the amount of all liabil¬
ities,
which is equal to approximately $7.87
per share for each of the 190,906 shares of common stock now out¬
standing.—V. 157, p, 1472,
y- yyyyvy "-y 7;
v, '
7:74y 77^f77;;;Vv7
incorporated
was
a
"Although
0.60
(other than deferred
amounted to $1,502,803,
roofing.
used by
stock as a
drawn
219,751
-
company
supplies, such as metal gutters, downspouts, leaders, siding and
Certain jobbed items, including standard parts and fittings
followed
280,288
expanded and continued without interruption to 1917,
principally in the manufacture of
tinners' and roofers'
consisted
its scope
0.60
500,039
per share. '
As of the
which
gain over last year for
the quarter was the |Los Angeles
region,
embracing
California,
Arizona
4,785,661
1,304,558
457,791
Corrugating Co.—Stock Offered—Floyd D. Cerf
drop of 14.5% from the first
months of 1942.
The only
a
reporting
(Continued from page 2112)
the newspaper as an industry, and
does not impair the essential serv¬
p.
Company
Federal Home Loan Bank
Govt, Waste Of Paper
157,
business,
Co.—Declares Two Dividends—
three
724,441
represent new financing.
27 declared two
000,
House Group
1,479,651
3,347,450
Co., Chicago, recently offered 50,000 shares of common
stock ($1 par) at $6.50 per share.
This offering does not
dividends of 50 cents each,
payable Aug. 2 and Oct. 1, 1943, to stockholders of record on the 20th
day of each preceding month.
Payments so far this year have been as
follows:
Jan. 2,
25 cents; March and May 1, 50 cents each, and
June 1, 25 cents regular and 25 cents extra.—V. 157, p. 1656.
directors
The
5,165,167
4,361,177
2,354,638
income—
1856.
oper.
York
42,559
$1,250,561
————-
deducting
ry.
$1,208,002
7—_7_7--A7~-7' $1,175,630
1
.
503,253
856,860
9,308,728
311,656
191,192
>
profits tax refund of
$45,387.
y ■
7;y.y; c ■ .<*
y .y
Financial Position and Book Value—As of Dec. 31, 1942, the company
had
current,
assets
of $1,597,536 as
against current liabilities of
$667,678.
Cash and Government bonds alone amounted to $733,567,
and
all liabilities other than taxes of $565,639,
amounted to only
$102,039.
The net current assets amounted to $929,858, or $4.87
$1,182,378
302,726
76,808
12,367,622
5,051,962
railway
railway.-—-
from
Net
$672,377
$743,703
debt' retirement credit of $42,363 and post-war
12 months ended March 31, 1943.—V. 157, p. 1280,
income
"After
income
Net
60,464
Dr4,147
revenues
1,113,979
505,566
503,521
372,307
income-
2,761,607
;
1942
1940
$1,481,852
1,149,591
railway—
oper.
from
Gross
205,810
$1,179,777
operating revenues'
Net
1941
$2,461,125
47,064
131,594
3,574,778
1940
1941
From Jan. 1—•
353,580
67,938
623,434
-77—___—-
income taxes
Provision
*
618.532
1942
$2,857,198
0.25
13,323
36,458
2,278,360
"After
1943
from
$184,840
120.464
60,387
1,979,580
1939
Mississippi Valley RR.—Earnings—
railway
from
After Taxes Per
$89,954
168,052
1938
cumulative
April—
1,530,298
revenues __——7-.™-..-.^-.,-' $4,795,184
expenses and taxes—1,495,768
than income taxes__„—611,214
Federal
normal and surtax__„_—361,454
"Federal excess profits tax—455,599
State
•
Gross
Net
other
$274,794
Paid
Share
$0,35
'
Net Income
Income
on
Before Taxes
$2,458,050
26
May
on
6%
the
$4,549,609
Operating
Operating
Taxes
on
Yazoo &
Co.—Earnings—
End. March 31—
12 Mos.
Net Sales
1937
share on the 7%
per
share
for Calendar Years
s
.7.•'■'
Dividends
Taxes
Year
7-
declared regular quarterly dividends of
cumulative preferred stock, and $1.50 per
preferred stock, both payable June 15 to
holders of record June 1.
All dividend accumulations on these isslues
were paid off on Marbh 3, last.
See V. 157, p. 2056.
~
> ; ' '
directors
The
$1.75
-_r—
not include
tDoes
•
Regular Dividends— 77.
vv
$1,782
28,337
deprec,-
prop,
$1,782
of
Equipt.
(in
excess
normal deprec.)
Road
$2,697
—
Amount "
-Outstanding
*190,906 shs.
,.
held In the treasury of the company.
77; -VSales, Earnings, Taxes and Dividends
y:.77;'7..'-7; '7:,7•,,77■
.......jj'"V v
$471,323
$451,698
$97,985
$128,562
Balance
'
,
Net Income
Road
In 1942 for approxi¬
approximately 50%, and
for
1941
in
mately 55%
1943—12 Mos.—1942
1943—3 MOS.—1942
Period End. March 31—
1943—4 Mos.—1942
1943—Month—1942
Apr. 30—
Period End.
Total
accounted
Wisconsin Power & Light Co.—Earnings—
"
Monday, June 7, 1943
CHRONICLE
& FINANCIAL
THE COMMERCIAL
2160
On
the Bolivian Presi¬
6
May
dent addressed the Senate and the
House
inter
suggesting '
-
American
union
"to
an
parliamentary
strengthen our ties of friendship
and understanding."
In his ad¬
Penaranda
Mr.
dress,
the
that
said
legislative bodies of
had
lived apart,
until
now
this
continent
except for the bond of "our demo¬
cratic
ideals," adding:
■"Now that
an
era
of closer po¬
litical, cultural and economic in¬
terchange has, fortunately, been
initiated, it is the task of the law¬
making bodies of the New World
the white-collar professions, the velt at the White House on May 5. to strengthen our ties of friend¬
Speaker declared.
He pointed to He had been welcomed earlier in ship and understanding by play¬
the fact that already the ranks the day by the President.
ing an ever-increasing role in the
The White House issued a joint external relations of our coun¬
of many professions
have been
seriously depleted because of the statement on May' 14 regarding tries. This could be accomplished
the
conversations held between through an American inter-par¬
large number of workers that
have deserted their white-collar the two Presidents. The statement liamentary union."
,
the committee
itself through in¬
said
Boren
Mr.
satisfied
had
that there was consider¬
and
non-essential
quiries
"waste
able
use" of paper by the
and
able
Government
restrictions applic¬
civilian
and industrial
that
felt
to
should
Federal agencies.
uses
to
of
paper
that the "Government can
authorization of this in-
; vest igation was noted in our issue
of May 6, page
was
34%
more
for this purpose
1%
the
below
1941.
relation
"In
in 1940 and only
similar total in
.y
*
lending for all
to
have jobs for
loans
purchase
purposes,
steadily
risen
from
construction have fallen from one-
high as 42.3%."
House
purchase loans in 1942
than the aggregate
home
$36
per
hundred during 1940, to $56 per
; :
May 11 hundred in 1942 and $63 for last
In contrast, loans for new
save as March.
apply also
Mr. Boren estimated on
for
advanced
The $574,000,000
total.
would suffice.
of the
third
total
than one-tenth in
in 1940 to
March."
less
v
,
1686.
Savings & Loan fiss'n
Homo Financing Up
decline that began
home financing
by savings and loan associations
totaled $87,185,000 in March, a
more
than seasonal gain of 38%
over the February total and prac¬
Reversing
about
a
a
year ago,
equal
tically
March
1942,
Bank
Loan
nounced
to the figure for
the Federal Home
Administration
an¬
May 8.
"March was
month since
January
on
the
first
1942
in which loans by thrift
in¬
the level
year" the Bank
statement
said,
stitutions approximated
of
previous
the
Administration
adding:
"For
the
first quarter of
1943,
savings and
loan associations totaled $208,365,home
financing
by
Morse
Forgotten, Says Morse
Wayne L. Morse, dean of the
University of Oregon Law School
and
public
tional
War
of
ers
800 delegates
of
sion
the
at the opening ses¬
two-day
National
Conference
Wartime
of
the
pro¬
fessions, sciences, arts and whitecollar fields at the Hotel Commo¬
dore
in
New
declared
afford
to
that
York.
the
permit
Mr.
nation
large
Morse
cannot
numbers
re¬
the WLB
employers seeking approval
increases
wage
to
off the movement of work¬
the
of
out
white-collar
pro¬
fessions.
nized
plight
low-salaried
the
of
of the Government's whiteworkers
brackets
in
the
passing
by
for
providing
low-paid
legislation
substantial
salary
increases," Mr, Morse said. "It is
my
opinion that such increases in
the
low-paid brackets are not in¬
flationary in nature, when granted
in
the
*~d
of the Presi¬
President
amounts
worker
of
of
the
necessary
to
living
decency."
to
maintain
and
of
a
enable
stand-
health
a
as
guest of the
States
United
the
occasion
for a
has
been
dial
exchange of views between
two Chief Executives on a
the
cor¬
of subjects of mutual
Bolivia, as the latest
of the
wide range
interest.
adherent to the declaration
United Nations, is
engaged in the
production of strategic materials,
including especially tin, tungsten,
rubber and quinine, which are
increasingly
contributing
to
the
defeat of the Axis powers.
"Matters
"Congress itself has just recog¬
collar
planning, production and strategy.
His
remarks were made before
have been
requests
dent of Bolivia
final
member of the Na¬
Board, said on
and that there is a grow¬
of
voluntary
head
Labor
ing tendency to lost sight of this
group
in the rush of wartime
growing
a
ceived in Washington by
vital part toward the war
program
of
scarcity of teachers.
During re¬
cent months, he continued, thou¬
many
a
field of
is being
the
in
because
evinced
May 9, that the vast army of
white-collar workers are contrib¬
uting
particularly true.
said,
education, where concern
from
follows:
"The recent visit
This exodus is
Mr.
sands
While Dollar Workers
lucrative occupa¬
more
tions.
relating to the prose¬
well as prob¬
cution of the war as
lems of the
post-war period have
given special consideration,
particularly in so far as they af¬
fect the long-term economic in¬
terests of the two countries.
The
been
the Pres¬
States have
President of Bolivia and
ident
of
the
United
The Bolivian
President made
a
brief visit to
Ottawa, the Cana¬
dian capital, on May 12, and ar¬
rived in New York City on May
13 for a five-day stay.
He was
welcomed
by Mayor F. H. La
Guardia and a reception commit¬
tee at Pennsylvania Station. Later
the same day President Penaranda
was the guest of business leaders
at luncheon and received
hon¬
an
degree of Doctor of Laws
at Columbia University.
orary
At
conference
on May
Commis¬
is studying the Bolivian for¬
a
press
13, he disclosed that
sion
eign
a
debt problem and hopes to
the Summer as to the
report in
possibility of resuming payments.
Boliva has been in default
dollar
on
its
bonds since 1931.
President Penaranda visited the
U.
S.
Point
Military Academy at West
on
May 14 and in the
eve¬
agreed as to the desirability of
devising methods of intensifying
the cooperation between their re¬
guest of honor at a
dinner given by the Pan Amer¬
ican Society in New York City.
spective
countries , in order to
make possible a continuing sup¬
On
tary facilities and
ply.of their products and raw ma¬
terials on a stable and durable
ing day received
basis.
These matters are
being discussed by
rurrer>Uv
officials of the
ning
was
May 15 he inspected the mili¬
on the follow¬
come
at
New
an
official wel¬
City Hall.
York's
His week's visit to New York was
completed
on
May 21.
@FedFRASER