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BUS. ADM.
MONDAY
LIBRARY'
Volume
New York, N.
Number 4471
163
General
RAILROAD
Alfred Decker & Cohn, Inc. (& Subs.)—Annual Report
INCOME
STATEMENT,
YEARS
ENDED
Gross
sales, less
discounts, returns and allows,
Co-it of goods sold and
operating expenses—*
Other charges
1945 -7
$5,817,838
Excess
5,431,000
14,796
Burtax-*_L_**_L**-_*-.7----———• •7-' 116,773
•' 61,200
normal' and
5,223,825
:,i'7 2,019
119,255
profits taxes—,
_.^_~*_**_*_«..*..:--„*v
Minority interest in profits of
Prior
■
years'
;
;;
_*
Stockholders
000
2¥t
Cr84,468
for year
Earned
■&*,
,'***
,
*_*
share*__*7*_*-*-7-™---.-7*..-L;
per
*3efore credit of $84,468.
k
-
,
,
$269,686
,1
85,468
.
ever
with
of
$50
100,000
expected
to
$20
value
value
par
headed
by
of
capital
of
stock
cumulative
value.
par
-
stock
common
common stock.
from
will
Operating
be
changed
1
■
•
,
Federal
160,271
8,854
—
*,*—_*,_**
and
;
6.253
!
19,321
surtax
reserve
,,1944
$253,573
166,578-
;***.
19,383
17,596
16,93ft
,
accruals**********-**.
21,777
21,800
income*—**_2*—*7**7
$26,682
$28,928
into
'
1
Utility operating
'
Co. and Dominick &
public offering of. stock, the first:
the
——
normal
Retirement
Morgan Stanley &
make
—
.
General taxes'
au¬
1945
$260,808
_**———***_——
***_**_**_—_■*7
Maintenance
$18,000,-
previously
revenue
Operation
preferred stock
The
Co.—Earnings—
12 Months Ended Dec. 31—
by the company.
Other
?
income'
Gross
Income
$2.17
(net)
—
6,802
income —;
deductions
4,148
$33,485
$33,074
.
8,4.96
8.791
$24,989
$24,233
,
Net
CONSOLIDATED
Copy
a
MISCELLANEOUS
-
Allied New Hampshire Gas
/'
stockholders have
shares
stock,
par
$20
group
is
made
42,759
*$2.22
the
increase
an
common
the
of
banking
Domlnick
$189,748
i
of
shares
shares
A
'
Profit
.'Dividends
that
1
authorized
1,050,000
thorized
3,469
<,...
*_
March
$31,OO0,OOO
to
and
64,100
8uosiaiary^ii^t''Jf\'R?-;.4,34l
!___*
adjustments
annuoced
was
'f';;^"7;7■
approved of a
public offering of common and preferred stock to provide approximate'
ely $8,500,000 for. plant modernization and expansion. —
v
$5,597,906
INSURANCE
-
Alexander Smith & Sons, Yonkers, N. Y.,^First Public
It
1944
INDUSTRIAL
.
Offering Voted.—
;
OCT. 31
'-"7..'1:7 .77-'
y ■
Price 60 Cents
Corporation and Investment News
PUBLIC UTILITY
-
Y.t Monday, March 11, 1946
BALANCE SHEET,
OCT.
**——*i_*
income
Dividends
31
—**_—__
.17,500
'
ASSETS— '
7;:i.. ,^7'v;7,7
;
7;#7'v7
Cash
IS.
1945
S,
Government
♦Trade
accounts
Vendors'
Other
debit
current
Merchandise
Cash
inventories
Claims
for
officers'
refund
of
Federal
~30~358
343,422
84,468
84,468
re-
(net)
to
11,039
■
mortgage not receivable******
officers and employees, etc
C::4~992
of
excess
assets
profits
u
:
payable
salaries,
Mortgage
Real
for
merchandise
taxes
and
$208,901
sundry
iivt;,
152.510
24,000
183,965
income, estimated (net)
payable to bank—**
(net)**—*:
mortgage
.
.*
_
514,920
Capital
surplus
,
—
surplus
Treasury
:
stock,
at
cost
♦After
$107,281
for
reserves
In
1945
and
$112,951
1945 and $27,000 in 1944.
ia
1945
and
$19,073
in
allowances
1944.
in
tAfter
1944.—V.. 159,
p.
Taxes .accrued
Interest
Other
reserve
of
$25,500
Other
a,na
otuie
oi».y
Earned
1322
Alliance Realty Co.*—Earnings—<
Dec.
1945
-V-V
7
*Nefc
income***—* —'**i— 7*7-77-7-;—-'A' $112,082
Expenses, taxes and depreciation*
i
91,385
;
._*__*
v
from sales
93,180
.
Bank
oi
vourse
xne
..
Clearings
—
of
reax
$20,696
*__*
estate
$15,640
.
par
*1^34
income
$45,391
Federal
$15,640
Auction
T- BALANCE. SHEET, DEC. 31
York City
♦New
tSecurities
NYSE
7 —," r'777;'''7'-'
'"ASSETS— '■
and
1945
real estate_*;_'*__,__*___*__'_-
advances,
bonds &
mort,
■"
1944
$291,843
839,957
880,390
(net)
Office
receivable
insurance
furniture
_**_*_77*~7
and
**_;
*-
3,149
Bond
Values
Sales
in
Dec.
at
such
1
Cottonseed
Receipts
to
•
$1,063,577
'
LIABILITIES—
cumulative
stock
Common
Accounts
Accrued
Rents
payable and accrued
$2,400,000
660,000
Deferred
and
credits
Deposit
on
Deficit
security
leases*—.
on
the
—:
account
of
contract
V
,
1,246
5,000
2,040,882
2,0*867273
:
Stores
B.
the
Earl
Puckett,
board
of
of
interests
.
Corp.—Withdraws
President
the
has
has
directors
informed
decided
stockholders
Stock
and
that
stockholders
would
it
company
to
not
be
the
in
proceed
..
*_—*
—*
-*—*—-—**____
$1,063,577
7
-
$993,146
new
* After
deducting mortgages thereon (1945 $1,077,452; 1944
$1,186,which the company is not a party,tRepresenting New York
City real estate investments.—V, 161. p. 761.
661),
In
to
letter
a
share
whether
or
to
Feb.
7
the
company
subscription for each
conditions
unsettled
holders
for
dated
not
in
stock
the
subscribe
to
decide.—V.
163,
a
seven
markets
difficult
had
shares
shares
had
one
held, but
made
for
to
the
7
many
of
stock
of
of
with
the SEO
common
stock,
Mid-Continent Airlines,
Mid-Continent
in
the
American
for
each
four
share*
the common
offer
Mid-Continent
common,
it
is
receive
can
an
and
389,398.6.
agreement dated
as
inust
the
maximum
American
of Sept.
Board
causing
acquisition
approves
The
50.75%
of
offer
the
of
the
by
Mid-Continent
provided
American
company
is
of
held
was
the
on
application
yet been entered.
prospectus
of
Feb.
of
to
common
be
28,
1946,
Jan,
on
—
■
American
American
21,
to
1946,
'•
V
refers
•
but
borrowed
from
banks
—
Under
total
a
about
are
to
be
Inc.,
for
15
American
-Corp.
the
one4
subsequent
problem
of
the stock¬
be
of
American
planned
or
the purchase of
best
will
made.
had
to
Overseas
borrow
American has made agreements
50
C-54
Inc.,
on
a
a
cAllen
four-engine DC-6
type aircraft,
of
type used
four-engine
commitments for the
other parts,
equipment,
military
purchase
of
aircraft.
additional aircraft of th*
The
company
also
163,
spare
p.
engines,
1149,
YORK
STOCKS, INC.
RAILS
DIVERSIFIED
INVESTMENT FUND
Kobbe, Gearhart & Company
PROSPECTUS ON REQUEST
Members
Established 1922
80 BROAD STREET
Telephone:
HAnover 2-2600
45
NEW YORK 4, N. Y.
-
Bell Teletype:
NY
1-573
Telephone
KFrinr
New
York
NASSAU
Security Dealers
HUGH
Philadelphia Telephone
Enterprise ««1K
W.
Association
STREET, NEW YORK 5
Bell Teletype
New Vnrk 1-K7*
has
radio equipment and
and the total estimated cost of the aircraft and associated
with cost of conversion. of C-54
type aircraft,
is ap«
NEW
INCORPORATED
which
sleeper planes and the remainder day planes.
negotiating purchase from Consolidated Vultee Aircraft
100 twin-engine, 40-passenger capacity model 240 aircraft.
'
Company
&
sub¬
lVa%
convertible
American also Intends to acquire from 3 to 8
r
Airlines,
$10,000,000
is
proximately $73,800,000.—V.
DEPARTMENT
of
with Dougals Aircraft Co.,
'
MUNICIPAL
order
no
—
temporary financing.
INDUSTRIALS
.
de-
the
ELECTRONICS
Municipal Bonds
the
conditioned
SPECIALIST IN
FLORIDA & NEW JERSEY
and
17,1945, under
American,
that
offer
1149.
p.
of
which
Mid-Continent.
bank loan.'
—
proposed
stock
its
on
its 1V2.%
promissory notes.
The company intends to
proceeds of said-borrowing as part payment for purchases of
equipment and additional facilities for which commitments have been
with
offering of 257,840 addiional shares at this time.
Total
stockholders of
common
of
$25,000,000
Offer.—
common
-
shares
within 30 days of the date of the prospectus, or
thejexchange offer may be extended.
In the even!)
consummated, America^ will receive no less,
as
sidiary, in March
Allied
the
the
common
Aeronautics
of
as
date
or
2,226
21;170
—
for
shares
Zock
The
10,169
2,653
date
of
Civil
has
5,779
9,081
all of
to
97,350
exchange
hearing
1332
660,000
6,555
i
issue
to
posited, and also conditioned upon the CAB approving the
acquisition by
American of a controling interest in
Mid-Continent.
Application for
such approval by the CAB has
already been made by American and a,
1331
30, 1945**1332
$2,400,000
expenses—*.
11,275
$1,189,714
,
197,619.7
use
interest
received
$993,146
176,809
18,764
—**
stock, (par $1)
of Mid-Continent.
Holders of
Mid-Continent desiring to accept the
later
upon
Building in November
1332
Commercial Paper Outstanding at Jan. 31**1332
Pearl Harbor Hearings Ended
1333
—
:
,
preferred stock*,.^—*_„i.*—
($5 par)
6.875
the exchange offer is
-control
Private
6%
26.2
.
415.433
which Zock agreed that he, as the
representative of holders of 50.75%,
or 197.619.7
shares, of Mid-Continent common would cause such num¬
ber of shares to be deposited for
exchange for
1331
31*__
1.214
■
.
176,809
offering
share of
one
number
1331
i
Dec.
538
440.410
Joseph A. Zock entered into
—*1324
November
is
exchange
of
than
31
;
312
liabilities
—
:**•.
deposit their stock
31———*——1331
Federal Debt Limitation at Nov.
5,308
1
fixtures**..—'
**_!:
Jan.
7.243
6,604
3hare,
per
of
stock
7:77—
Outstanding in Nov.
Hotel
1,788
■
at
12,063
1161.
p,
in
ratio
_1324f
'
—_*_*-_*
Values
NYSE
105,659
848
Sales
Share
Consumer Credit
$413,186
219,623
Accounts
Prepaid
>
System
accrued
of common
____1324
Reserve
$5
Inc„
that
Condition Statement of Member Banks of
Net
8.434
12,908
18,008
.;
$1,215,835
American
___*_—* 13247
Banks
Reserve
,24,694
*
200,000
5,482
company March 4 filed a registration statement
for 97,350 shares of common stock (par $5),
■'
v
_*___—*1323
Foreign Exchange Rates
$350,000
186,000
American Airlines, Inc.—Registers With SEC.—
_
Combined Condition Statement of Federal
Operating income
Profit
$108,820.
$350,000
—
-V, 162,
Cflls A Sinking Fund Notices_1324
Dividends Declared and Payable**—,*—**13257
1944
$1,183,714
retirement
.surplus;****-„*_**_i*——****•
Total
"
Years, ended
$1,215,835
The
onenngs and Saies
ouuu
1,603
-V7"
reserves
*
General Corporation and Investment News.1277
2625^7 7f;77'-
"V '<:K
*_i_—*i.***i—***^_**_**.
and
for
Capital surplus
1317
Miscellaneous Features
in
""
—_***—..***—****^i**i*
accrued '
current
Reserves
Transactions New York Stock Exchange**.*1304
tAfter U. S. Government tax notes of $14,189
'*—**—***_-.„*
•
1st mortgage 4%
bonds due July 1, ,1964***.
Accounts payable
*;—.w^*****
Customers' deposits
*T****_;
**—*_\*j.__.
**1321
Transactions New York Curb Exchange
1304
Stock and Bond Averages
.-*—,*.***1304
accounts,
1Q
1,^,9
Common stock
—*1320
429,016
doubtful
18,663
207R7
4,556
LIABILITIES—
1317
Dr31,369
and
:
.__*****:'
;
1317
Over-the-Counter Markets
71,485
$2,893,069 ; $2,608,042
discounts,
1315
Exchange—Curb Section—*,*1320
mock
—
1315
Toronto Stock Exchange**^
loroiuo
,10.820
Deferred debits
Total.
533,296
ir
Total —****———*, *—**i.
889,600
50
"l3" 621
1314
Dr32,769
:
——**—_—.
common
— 14,770
889,600
71,485
,
\
—***_
21,088
*
*_—.——
supplies
'
29,896
—
Prepayments
*****1311
Montreal Stock Exchange****—
Montreal Curb Exchange
!
555*940
15,961
5%, 25-year debentures, 1968-—**,.
Minority shareholders' eqhity in sub.——
Capital stock (par $10)-.-*—
Earned
,.200,000
so
280
*
receivable
and
$1,122,784
x.o.o
_—.*—__*****_*_—*u—+
;
Materials
St. Louis Stock Exchange****-*--**——*1317
187*127
120,000
212,000
V
fund
Accounts
1314
Philadelphia Stock Exchange
Pittsburgh Stock Exchange
104,898
1944
$1,135,824
—_
Temporary cash investments**
—
$186,575
,1945
*******
*
Cash
Detroit Stock Exchange
***1316
Los Angeles Stock Exchange**^**—.*1316
$2,608,042
77
on
loan
estate
'77.
^
-
etc—*—; 77
current--*,.--*—, :;
taxes,
wages,
maturities,
tFederal
Collateral
1
"
■
*
*
Sinking
*1309
Cincinnati Stock Exchange**
Cleveland Stock Exchange
16,440
1
Curb Exchange**—
Chicago Stock Exchange.
63,801
$2,893,869
f7-'•
'
-V \ .;
13,674
412,936
Totals—
LIABILITIES—
!
6L987
—.
Properties, equipment, etc. (net)—1:—t
Goodwill, trade names and trade marks.——.
Accrued
3,220
taxes
York
Baltimore Stock Exchange
Boston Stock Exchange
4,197
—
Post-war refund
Accounts
New
16,369
money
v>7-7 -,'7. Pa$re
-
/ V
,
Utility plant
New York Stock Exchange
(Stocks)**7****12937
New York Stock Exchange-(Bonds)_*__—*1305
'
ceivables
Advances
Deferred
-v.7 ' ':7';\:;7 '
1,236,710
362,961
ASSETS—•
;
BALANCE SHEET DEC. 31
Other physical
property—*
Other Investments
"
1,Q00,981
■
Purchase
"V7777;:":'7 COMPARATIVE
Stock and Bond Quotations
23,381
taxes—
tInvestments, advances and extended trade
Issue
.
586,407
'
-_**_**„*
This
85,600
353,538
Insurance
in
.
$130,351
267,155
(net)
etc.—u_-^*i*Li;4:**—********_**_1*****(''
***_*_**—_*__i—— 7
assets—
value of
$303,453
securities———————_J
receivable
balances,
1944
.
;
LONG and
COMPANY
INCORPORATED
48 WALL STREET
634 SO. SPRING ST.
NEW YORK 5
LOS ANGELES 14
'
American Business
Machine
American
(Includes Gulf,
the underwriting
has developed,
head
will
Corp.
company
The
annual meeting
group.
under its
Net
revenues
expenses
accruals
-i—L.J
railway
•Include
operating
or
212,969
Management Corp.,
1945.—V.
The AMF Automatic Pinspotter may
isting standard alley without any major
.■development of this
hew product calls tor
The
^ ^e alley.
substantial expehditures
the machine
plant and equipment with which to manufacture
and the construction of a substantial quantity of machines fPr lease
on
a rental basis, and it is intended that the proceeds irom tne sale
P°The
used for these pur-
of preferred stock will be
shares
80,000
the
and
rate
dividend
price,
offering
the shareholders voted
1945,
Co." to "Athey
accomplished.
Wheel
oe not
been
change
to
Products
be
the
2810.
p:
The
week
the output of
1945,—V. 163, p. 1151,
under
0.38%
week
of
,
goods sold
of
administrative expenses
Selling and
.
Profit
,.
|
Total
$2,383,189
$3,334,604
90,113
64,263
83,218
374,000
Federal income tax and surtax
;J:m i•Federal-' excess, profits tax—.
Provisoin
—-
2,119,000
Dividends paid
reserve
329,086
to
made
389,260
retirement,
389,260
Dec. 1/45
$898,123
2,549,890
$2,240,425
975,031.
2,085,654
and on hand—
securities-.
Govt,
receivable
Accounts
'
--
102,846
S.
*"*
Supplies
5{
<
Insurance premiums
—
-
profits tax refund bonds—1942—
equipment
t Property, plant and equh
Excess
I
?,
79,544
125,382
v
5,4"l7~ 5 04
4!:■
Notes
$160,000
530,699
*-—
payable +
and
,=■/»'• Federal and State taxes
///; Employees' deposits for income and social security,faxes and war bond3,
wages
Reserves
,
.
Capital
surplus
Earned
-—.—
,
surplus
i
-
79,544
1,464,883
tAfter
—V.
plant
162,
reserves
of
in 1945 and $9,384,275 in
$9,681,794
Total
of
,
/
•
,
•
;
1
„
.
1
Corp.—Ahnual Report
To
1945
/
;
Gross income
Net income
in
•Earnings
*The statement of income for rhe
Income
year
general
$557,135;
expenses,
profit
•;
.
,V:,
/
//
Affiliated
and
$1,48
detail:
•;
ASSETS—Cash
demand deposit and on hand, $1,139,210; U. &
$750,000; accounts receivable, $2,214,788; advances
to
Joint ventures (inch accrued fees and profits), $295,716; repair
parts and materials, etc., not in excess of cost, $145,462; investments,
$595,330;
reserves
on
land,
for,
buildings,
depreciation
on
taxes.
accrued
income,
$44,696;
and
floating
depletion
of
equipment,
$6,307,456);
etc.
pavab'e
pavroll
$215,000;
and
(banks),
expenses,
reserve
indebtedness for
lor
purchase
j
$500,000;
$40,236;
other-
(after
S5,088,348;
$215,494; total, $10,444,343.
LIABILITIES—Notes
tax
machinery,
accounts
reserve
Federal,
df 'stock of
payable.
for
State
sub.
co.
653,772
42,433
42,434
143,559
wholly
not
equipmentand
V
15,977.892
1
I
289,890
developed
advances,
.expenses,
49,000
17,793,321
leaseholds,
gas
318,126
undevel.
etc
J
$27,759,014 $25,136,056
payable
$1,672,883
expenses
taxes,. State
owned
•
by
Barnsdall
Oil
Capital stock
co.
55,355
1,351,901
not wholly
Co.:
1
14,121
Capital stock
Earned
36,860
36,387
Surplus
$2,646,567
$1,751,624
88,409
1,113,462
Federal--
and
Capital stock and surplus of sub.
250,000
590,000
106,922
477,083
.
by
^
,
607,812
49,000
Accrued
392,434
.
160",772
'
cost
stock
common
203,333
Ia4,a8l
of
LIABILITIES—
sharei
per
12,596
11,116,535
11,116,535
2,215,461
(par $5
surplus
1,977,637
11,501,756
Total
8,883,543
$27,759,014
-
•9,800 shares
in
at
tAfter
par.
and $23,262,496
1945
SUMMARY OF
Report-
-F.
Production
in
S25.i8g.056
for depreciation
reserve
of $24,613,583
1944.
PRODUCTION, WELLS AND ACREAGE
the
to
in
by
CALENDAR
FOR
1943
$822,833
$714,027
:
629,728
559,940
$193,105
$154,087
owned (net
-
90,034
income
Net
.
'
v
•
.
BALANCE
.
52.195
1,932
17,056,867
17,765,379
product
gas
;
$57,318",
Beaunit Mills,
63,664
$27,779
/
1528
the
of
SHEET.
31,
1945
U.
*
total,
$1,913,261.—V.
161,
p.
763.
./
S.
Govt,
Atlas Imperial Diesel Engine
Company
of
on
series
The
capital
net
to
convert
Philadelphia,
Pa.—V.
Ill,
BALANCE
securs—at
notes
and
Post-war
NOV.
cost
accrd.
plus
of
receivable
life
(net)
insurance
1944
-
:
$873,709
865.090
684,348
748,253
2.226,121
263,839
248,271
153,561
:
policies
profits tax refund credit
excess
investments,
(est.)
assets
etc
10,500
928.883
39,774
32,635
$6,300,167
*_
5,251
92o!o81
Total
$6,081,774
]
...
LIABILITIES—
Accounts
Accrued
payable
wages
and
$45,401
;
—
commissions
deductions
taxes
Reserve for
Reserve
for
fcr
(incl. Fed. inc.
inventories and
post-war
rehabilitation
and
Earned. .surplus,.—
•
95,999
1,033
•
520,419
1,000,000
1,000,000
' tip
^
_
'137,700
13*7,700
3.250,000 5
-i*;
4
51,739
626,169
other
r.
surplus
$23,347
43,828
"
bond
purchases
&^exc. prof, taxes)
contingencies...—..
war
war contingencies —
Capital stock ($25 par.)....
Capital
-
30
1,478,748
int
.
■
stock
$786,158
1
Deferred charges
Co.—Registers With SEC.
preferred
2,116,719
value
Capital
will be used as part of the company's working
to and engage fn' peacetime manufacture o4 its
-
495.
p.
SHEET,
hand„;.
on
Sundry
Feb. 28 filed a registration with the SEC for 30.000'
A cumulative preferred stock $50 par.
The dividend
proceeds
cumulative
6%
1945
and
Accounts
Siu*render
Accrd.
share
St.,
banks and
Employees'
pirate will be filed.
of
Inventories
* '
,
operated
on April 1, 1946, at $105 per share
Payment will be made at the office of the corporation,
CONSOLIDATED
$9,039;
able within one year, $1,364; accrued items, $35,597; notes payable to
banks, due
1947-51, $150,000;
first mortgage 6%
bonds due .I960,.
$601,000; mortgages payable (other than -current), $52,570; common
stock; (14,189 shares),
$361,030; preferred stock. $440,050; ekrned1
$207,509;
were
Manufacturing Co. (& Subs.)—Balance Sheet-
Cash .in
DEC.
145,412
336,621
net acreage
Inc.—Proposed Stock Split-Up—
outstanding shares
for redemption
Walnut
$13,341
,
mortgage 6% bonds unexfended, $2,000: notes
accounts payable, $53,052;-mortgage instalments pay¬
surplus,
79,050
16,622,539
118,126
.
ASSLTS'—
*
LIABILITIES—First
7
159,407
called
been
Boss
ASSETS—Cash,
payable,
115,9.47
interest)
Boone County Coal Corp.—Calls 6% Preferred Stock.—
have
$2,050;' accounts
| $11,651; total, $1,913,261.
ft.).
cu.
interest)
met
The stockholders will vote March 29 on
approving a proposal to
split-up the capital stock on a four-for-one basis, by changing the
par value of the shares from $10 to $2.50 each.—V. 162, p. 3187. ,
$141,409; special deposit covering unextended bonds,
receivable (net),
$30,416; ipventory/^ice,
$3,266-;
inventory-—materials and supplies, $3,388; fixed assets (after deprecia:tion of $1,090,615). $1,718,526;
investments, $2,556; deferred assets,
:
<1.000
(net
61,933
*<0,694
15
1,942
owned
amounted
to
757,295,
of
which
.688,245 were unoperated.—V. 163, p. 774.
$138,938
56,257
.
<!
83,592
-
$19,761
—
•Including^ Federal taxes.
$154,130
$193,105
4,9.469
31
:
20,636,891
17,293,562
357.702
1,954 and
Dr228
$159,315
30
1,955
All
—
39
wells
interest)
27,412,232
$139,166
.43
non-productive
Acreage surrendered
490,927
$159,315
—
21.609
$1.16
drilled
Natural
$630,093
715,299
income
$1.17
8
wells
interest)
1942
1944
$874,613
revenue
of
(net
Acreage acquired
!
YEARS
$1.19
productive
Number of well
instalments during the last five "years and
principal amount of extended bonds.
STATEMENT
26,872
Casingheadgasoline produced (gals.)
extended. Funds' have been deposited
the remaining $2,000 principal amount
equal annual
$150,000
8,982,445
27,265
average)
(net- interest)
drilled
and
off
pay
of
Number
.
the company
9,835,324
41
(daily
9,951,739
Average price received
Number
'.1943
1944
1945
(barrels)
Production
^
bonds,
deferred charges,
$1,167,645;
of
Interest.
;
total, $4,454,
balance,
and
and
Total
$780,000 first mortgage -O'/r bonds-matured.
the company offered an extension plan: ex¬
Depreciation 1——
operations,
normal tax and surtax (no excess profits tax),
balance. $450,104;
restoration
to
income
of
portion
of
contingencies, no longer,required, $300,000; income trans¬
ferred to" earned surplus, $750,104; previous surplus, $3,4700,519; excess
Government
Co.—Annual
refrigerators
associated
for
held
and dividends.
Gross
provision of reserve for Federal taxes on income of prior years, $3,916;
" "
'
" '
*
" '*
" ■
:
598,000
106,922
595,993
780,000
224,516
.
171,423
stock
Accrued
-
.
___•
Accounts
Net income from sale of
,
ment therein, 4200,000;
miscellaneous other income, $77,831;
total
$679,776; miscellaneous deductions from income (including interest of
reserve
325,557,
->
market)—
investments
Prepaid
maturity
trustee
the
Operating
$14,186),^ $14,672;
;
maturity
Total income
1945 follows in
from
Oil
1
1945
$1.73
$215,000;
.
the
terms
.
Gross
$320,463; other
companies (equity
in
aggregate earnings for the year, approximately $55,000), $80,000; other
companies, $1,432), $81,432; excess of liquidating dividend received in
1945 froni Pacific Constructors, Inc., over remaining cost of invest-
/ income-rDividends:
the
1945,
INCOME
operations (including share of "net earnings from -joiftt
$8,703,902; operating costs. $7,826,304; administrative and
'
—..
(at
"
to Aug. I, 1960, and making certain changes
bond.
$601,000. principal amount of the bonds
extended and are publicly held,
$177,000 principal amount were
the
secured
from
ventures),
13,729
27.564
oil
Bareco Oil Co.
owned
3,879
23.092
10,363
12.772
53,971
income and renego-
Manufacturing
Ice
1,
this
maturing
•Based on 438,375.6 Shares outstanding.
;
.
$1.61
___■
$700,000
19.992
taxes
—
crude
2,510,840
^
Other
....
600,000
market)
34,826
107,052
41,735
60.844
6.009
cost)
(at
^
Inventories of oil products (at markett
Inventories of supplies, etc.
(at lesser
which has not yet been presented for payment. The company's acquisi¬
tion of bonds was financed by five 6ryear bank loans totaling $150,000
776,543
653,297
of
$2,646,567
__:r—. $2,110,397
Aug.
meet
with
...
share
per
Inventories
58 8,700
383,700
2,659,130
notes
tax
Investments in
*
taxes
$7,960,778 $12,731,343
750.104
Treasury
1944
$3,759,627
cost)
(at
1.
Jan.
acquired by
1943
.
S.
48,088
Harris, Treasurer, states in part:
were
YEARS
1944
$8,703,902
j
—
—
U.
securities
Accounts receivable
•Oper. exp.. malnt. and
CALENDAR
FOR
Government
or
31
1945
S.
rt
tending
further dividends will he received.
ACCOUNT
$1.65
DEC.
'
W.
INCOME
$1.97
SHEET
',
BALANCE
Calendar Years—
in 1040, including the corporation's share
operations, total $7,098,947 for dredging and -con/
structiott in the States of Arizona, California, Connecticut, Deleware, f
Florida, Maryland, Massachusetts, New Jersey, New York, Pennsyl- •
vania, Rhode Island, South Carolina, yirginia, Washington and Oi? ?
District of ACol(imbia, On Jan. 1, 1946, unfinished contract work totals ;
$2,374,082 and there is no unfinished joint venture work oa hand. This :
figure compares with a total of $2,604,371 at Jan. 1, 1945.
The
Shasta Dam contract in California, which was completed in
January, 1945, has now been accepted by the U. S. Bureau of Recla¬
mation.
Company received in 1945 an additional liquidating dividend
of $350,000, bringing total distributions in liquidation to $500,000 as
compared with its original investment of $300,000.
It is anticipated,
some
$8,883;543
$4,778,406
U.
19,153
34,958
—
war contracts——-
Atlantic
1944.
joint venture
that
7,065
$11,501,756
!
31. 1940
CONSOLIDATED
1946.
tAfter reserve for doubtful accounts of
$4,758 in 1945 and $4,821 in 1944.
fAfter reserve for .depreciation,
of $229,058
in 1945 and $239,569 in 1944.
TAfter deducting tJ. S.
Treasury tax notes and tax claim of $159,679 in 1945 and $80,000
XT
l£11
OlyfA
J
iti 1944.—V.
162, p. 2140.
,
,
7,074
Earnings per share
338,787
1,029,973
292,635
1,780,190
1,778,646
surplus since Dec.
$235,000
_
—
•Payable
1
Contract work completed
In
'
266,824
amortization!—
(after
liabilities
accrued
•On
Arundel
6,981,907
Capital surplus
2635.
p.
$3,674,766
8:833,548
year
paid
as
bonds.
•Deposits for employees* income, social security taxes and war
of
$13,273,327 $10,656,673
tPlant
<it\AA
•
618,296
$4,389,779
to company
surplus at beginning
Earned
141,925;
338,566
052,571
—'
—
5,259,000
3,167,817
1,287
429,232
tax
Portion of dividends paid to subsidiary company
$459,607
300,728
•89,114
for contingencies
Capital stock (par $4)
—
Paid-in
surplus
Earned surplus (since July 31, 1936)-,-—
1,500,000
4,865,750
1,558,036
exp._
1,627
Federal income
profit accrued
Dividends
1944
*
'Reserve
586,775;
$16,375,472 $17,597,106
Total
basis
same
1945 $365,210
payable
tiation
281*418 {
268,603 ■
• • .f i
167,744
4,865,750
research
Total
,
contingencies
for
Capital stock (97,315 shrs. .no pat)-
1,251,481
1,473,416
512
Cash
"
...
(banks)
payable
Other
$1,800,000
,
181,280
263,675
the
011
—
Accrued general taxes
Accrued social security
36,732
5,259,000
3,480,641
,
,
.
Net
31
DEC.
bonds—
gProv. for Federal taxes on
payable
SHEET,
(trade creditors)
Sundry accounts payable....,
Salaries and wages accrued-,.—
$16,875,472 $17,597,106
Accounts
'Accrued
-
for
$2,116,397
Accounts
LIABILITIES—
Notes
1,403;585
interest)
and
deductions
purchases and geophysical
Provision
LIABILITIES—
167.744
4
'
-
62,023
$8,735,893
1,575,877
(dividends
62.699
$9,454,372
1,806,327
income
-
•Company
'
•
accounts
Total
,126,271
19,620
$3,673,870
Intangible development costs
Profit applicable to minority
'
142,447
5,762,189
2,572
amortization
Patents—less
Pronairf
and deferred
items
Prepaid and deferred items—
the
cost)
<at
improvements
charges
Deferred
524,056
"
;
assets
Leasehold
72,342
_
*Deposiu/
in
bonds
Treasury
fFlXed
6,315,748
520,570
70;Merchandise inventories
■
Lease
111.750
Inventories
120,9*26
6,186,953
charges
.'Unbilled processing
•>/<.
Dec. 2, *44
in banks
111,750
' "
profits tax refund
tAccounts receivable
COMPARATIVE BALANCE SHEET
ASSETS—v
836,788
$9,391,673
income
$208,529
Cash
U.
5,545,343
5,214,856
ASSETS—
$230,000 in 1944.
1944
1°45
$15,481,857 $15,056,006
expense
Depreciation
1,070,734
$133,169
'
ASSETS—
Excess
U. S.
surplus-
(75 cents per share)...
been
has
year
ACCOUNT
income
before
agreed upon for the previous year.
$596,832
*
•After credit of debt
the
,$6.-
were
income and renego¬
BALANCE
$702,083
Balanace
Cash
63,393
Income
The additional liability has been set up and charged
for contingencies.
Provision for renegotiation for the
year.
current
250,000
contingencies
for
to
370,000
1,319,000
i
that
1945
875,328
Non-operating
61,637
NOTE—Renegotiation of war contracts for the year 1944 has been
completed which will result in a net refund of $160,030
$20,080 (net after taxes) in excess of the amount provided therefor
in
INCOME
—
operating
Net operating
substantially
$3,398,866
.63,035
$2,478,302
—
...
'.Other- charges
\
$1,343,161
contracts
in cash
31,
holes.
operating and general
Earned
Dividends paid
Dec.
on
of liabilities.
company
Gross
43,544
85,885
taxes on
transferred
,
company
i..v
CONSOLIDATED
$1,299,617
income...
war
income
Net
—
income
of
tiation
1,718:891
1,503,810
or
-
$490,334
.
for Federal
Prov.
$|8.236.363 $31,488,862
—
operations
from
income
Other
wool grease
cloth, yarn, top. noils &
Net sales of
Cost
dry
Interest
Dec. 2, 44
Pec, 1, '45
the
1945
were
.
Ended
o.
»,C93,866
income
Deductions from
asse.s
had
year
purposes.
war
General taxes
57,736
Balance
Other
rrct.
ratio of $3.27 of assets to $1
Calendar Years
$6,455,120
expense
Depreciation and amortization
Arlington Mills—Annual Report—
Years
30
1944
3,633,771
60,039
the
for
$208,733, as permitted by the revenue
0f special plant equipment built with
off
the
and its subsidiaries produced 9,951,739
barrels of crude oil, as compared with 9,835.324 barrels in 1944.
• >
The company drilled a total of 49 net wells, of which 41 were pro¬
ducing wells and eight were dry holes.
This compares with tho 1944
record of no net wells drilled, of which 39 were producing wells and
31
$4,134,194
selling, adm. and general
Cost tf sales,
in 1945 show an increase-, of
Earnings per share in 1945 were
year.
Co:ts,
sales
Net
Electric Co., Inc.—-Output.—
the
of
90,803,000 kwh. for the corresponding
output of the electric properties of this company for
ended March 2,
1946 totaled 82.282.C00 kwh., a decrease
of
current
a
Duiing
from'-"Athey Truss
and such change has
1945
American Water Works &
charged
funds for
or
In September.
ENDED DEC.
*
$4,389,779
of
previous
balance
net
533,19.1
name
,
Power
earnings
the
compahy
the
company
$548,120
162.
the
laws,
changed.
Corporation,"
ACCOUNT FOR YEARS
INCOME
pi ice.—
should
name
net
over
compared with $1.65 per share in 1944.
These earnings
would have been slightly higher
.
the corporate
that
/
•
$1.97,
1945
directors
of. the
to issu¬
redemption prices
preferred stock will be tlxed bv the board of directors piior
ance
However, it is disclosed that the dividend rate
will
more
than 4 >4%
per . annum and that the initial
will be not more than $4 in excess of the public otfering
V.
$716,013
President, on Feb. 8, seated in part:
Lease,
774.
March 1, stated in part:
on
Barnsdall's
the renegotiation of 1943 war contract business was
completed, as a result of which a net cash refund of $195,750 was
paid to the Government.
Renegotiation of war contracts for the
year 1944 has been substantially completed and will provide for a net
refund of $160,080.
Provision for renegotiation for the year 1945 are
set up on the same basis as the year 1944,
v
Inasmuch as the former name of the corporation no longer correctly
described the equipment being produced, it was the opinion of the
be installed on any ex¬
for
F.
debentures which it
\
7'^V
.
the $496,000 series A 4%
part of
p.
the cessation 01 petroleum requirements fcr v/ar was rellected in somewhat lower earnings f6r the fourth quarter of the year,
$4,828,082
not
During
163,
Barnsdall Oil Co.—Annual Report—Jas. A. Dunn, Pre¬
Athey Products Corp.—Annual Report—
R.
>
Although
Federal income taxes in January, 1946, com¬
$11,224,000 Federal income and txcesl profits taxes in
163, p. 774.
."
next.
substantial
a
sident,
298,753
$6,613,820
income
;
City Lines, Inc., which owns 29.98% of the outstanding
and 11.51'.
of tiie common stock, has agreed to tender ail
holds.—V.
$4,076,324
with
puted
of the ball
spottex?
of
operating
tax
Other debits
known as tjhe "AMF Automatic Pinspotter
which is
machine designed ^mechanize the return
and
the spotting of the pins in the game of tenpln bowling.
The
machine is a new development and is intended to meet the demands
of tennin bowling alley proprietors for an
entirely automatic pin-
i'(l
operating
Railway
•Railway
and
1946
1945
$33,225,789 $44,958,962
23,302 229 28.373,101
6,096,771
13,459,021
'
automatic
an
March 22,
preferred
product
new
a
of January—
Railway
patents and exclu¬
own
of Bowling Patents
llcerises under the patents
Month
Colorado & Santa Fe Ry.,
Panhandle & Sante Fe Ry. •
/
;
to be held on April 16.
will
be asked to approve an amendment to the company s charter
authorizing the issuance of 100.000 shares of preferred stock.
If the
amendment to
the charter is approved the company plans *<> sell
through underwriters
an initial series of stock consisting of 80,000
shares.
It is understood that Lehman Bros, and Union Secuiities
the
at
stockholders,
•
.
American
Atkinson, Topeka & Santa Fe Ry.—Earnings.—
Preferred
•.
exhaust
to
submitted
011
/
has called for tenders of its'4% and 5% debentures
the sum of $2,500,000.
The tenders are to be
to First National Bank of Baltimore not later than 2 p.m.
company
sufficient
.
Proposed.—
Stock Issue
The
1503.
p.
The
(57,050 shs.j,
treasury
p. 185.
Foundry Co.—New
&
Baltimore Transit Co.—Tenders Invited—
for contingencies. 3200,000; capital stock
capital
f>rS570,504; total, $10,^44,348.—V. 162,
reserve
(495,426 shares, no par), $4,954,260; earned surplus, 83,797.015;
stock in
with the SEC
company
(net), $96,000;
pany
With SEC.,
Shares, Inc.—'Registers
Feb. 23 filed a registration statement
covering 1.000.000 shares of capital stock.
„
Lord Abbett & Co.. Inc.. is the selling agent.-V. 163.
The
sive
Monday, March 11, 1945
THE COMMERCIAL & FINANCIAL CHRONICLE
1278
199,154
996,832
?
-
3,250,000
H
199,154
:
853,416
Federal
and- local'
affiliated' coifl
Total
$0,300,167
$6,081,774
-V. 161, p. 563.
$jjh
j
Volume
H>3
i^u. ^v-jw c.»r
v.. ,»i
4^-Wi«
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4471
1279
Central Ohio Light & Power
Period End. Dec. 31—
.-/.-■
iK :v.
>
'^"LTirv ^;r~,7T^i;r^z^n7—"; :r3;
fcOperatmg
;
1
i4
J.1.
4
^
*
"'■*•■'
—-
(Dr)\
facility rents
—__2__——
(Dr)
NeV railway operating income
■__!
Other income
$S«S^
585.209
259,082
—__
Gross
income
interest
336,987
Net
waive
ujj
wiwim
s*a,,'inuuww Vu...;,,~
Stock will
common
preferred
to
stock
purchase
be'approximately $2/427,1B77.
Operating
45,000
shares
\ $265,177.
346,670
,
"$81,493
$278,835
"-Deficit.—V,
163,
896.
p.
of
Feb.
registration statement with the
SEC covering
10,COO shares of common stock, par $1.
The shares
are
issued and are being sold by certain stockholders.-The price to the public will be filed by amendment.
G.
H.
Walker
&
Co.,
St.
Louis
is
named
principal
under¬
writer.—V. 157, p. 438.
company
on
filed
28
a
-
Burlington Mills Corp.—Preferred Stock Placed Pri¬
vately.—Kidder, Peabody & Co. has sold to certain in¬
stitutions, corporations and trusts a new issue of 50,000
shares of 3%% preferred stock ($100 par). The price
was $100 per share and accrued dividends.
proceeds of $4,920,000 will be added initially to the company's
funds and may be applied to any corporate purposes. It is
general
expected that more than $8,000,000
additions and
condition
postpone
for
J.
be
used
in
and
1946
for
1947
accounts receivable.
f-
•
*
-
-
-
.
<<
*
*■
•
securities
the
in
stockholders
because
that
markets,
it
the
of
decided
been
has
recent
to
second pref¬
the time being the offering of convertible
the issuance of subscription warrants.
Spencer Love, President, stated that shareholders would be advised
change in the plans of the corporation.
v
Feb.
the corporation announced it proposed to offer common#
through the issuance of transferable subscription war-
8,
the right to subscribe
rants,
second
other
preferred
pro rata to 100,000 shares of convertible
with the offering price, conversion rate and
shortly before the offering.—V. 163, p. 1153.,
stock,
be
to
terms
fixed
Byrndun Corp.—To Pay Stock Dividend—
■
■
directors
The
dividends
$1.50
of
14
Feb.
on
declared
share
per
the
the
on
semi-annual
usual
participating
cash
preferred
stock,
$2.50 per share on the class A participating stock and $3.50 per share,
the
on
:
second
stock,
preferred
according
payable .March 25 to holders
the
combined
holdings of class
They
to
a
recent
announcement.
of
record
A
are
On
participating
March
7.
Shares
Total
income
Provision
class
common
stock
of
class
B
common
stock of Hat Corporation of America was declared on
courts
and
stock
common
dividend
a
of
Higbie Corp
j,
ft
Sutro' &
_______
share
one
shares.
Where less than 20 shares is involved, 57%
will be paid in cash in lieu of stock dividend.
Nodividend will be paid on fractional shares.
All stock dividends are
also payable on March 25, 1946, to stockholders of record on March 7,
per
Cohu
1946.
A
similar
stock
on
Francis. I.
March
stock
26
distribution
last
year.—V.
Burry Biscuit Co.
made
was
161,
the
on
same
of
classes
1092.
p.
—
J.
duPont
Bradford
C.
Sc
ciucas
w.
share and dividend.
Emerich
Ames,
Buckley
._
&
Scha'efer
100
1.000
100
1,000
100
1,000
100
•
Cassell
&
100
1,000
100'
1.000
100
500
Inc
50
50
Co
Grimm & Co
.
_
are engaged in the business
crackers, wafers, pretzel sticks,
biscuits and bran and corn muffins, fruit cake,'
plum pudding, candies, glazed fruits and certain related products.
Prior to 1940 a major portion of the products was sold in bulk;
Since that time most of the products have been sold in packages
under the corporation's name or under brand names.
Varied special¬
22,428,431*
$1,218,412
$1,661,878
1946
-1945''
rum
include such products as Burry's homespun assort¬
soakies, cris-bix, fruit cake, plum pudding, pre'tz-
and Simple Simon
in
sold
mixes.
earnings
$6,218,000
New President of Unit—
This
bulk.
was
2*6il seIO,
I
the
of
Products
'
Period
corporation
subsidiaries
its
and
organization
own sales
food stores.
Sales
are
sold by
are
Purchased
f<
products
sales
of
Cost
gen.' and admin,
Selling,
1944
1943.
$6,785,175
5,384,291
909,083
$5,156,020
3,892,317
814,135
1,389,093
expenses.
from
the
standard
company
and
specially
designed
machin--
and
12 Mos. '45
$475,689
37,357
282.209
320,867
135,356
1,266,821'
50,743
50,054
217,016
23,750
23,750
95,000
24,384
23,326
98,955
$33,468
$20,335
.4,147
3,728
$267,155
12,563
$37,(315
$24,063
6,.477
4,770
25,900
manufacture
14,625
27,675
ment
$26,368
$2,828
$226,143
_______
Maintenance
$2,080,303
.
Provision for renewals, replacements
retirements
Taxes-Mother
—
than income
taxes
-
Operating income
Other
income
—
•_
:___!
Gross income
Total income
deductions.
for Fed. and State inc.
Balance
taxes
to
surplus—
$279,718
6,610
,
Wrigh'fc-Zefgler Co., all of which
ASSETS—Plant,
other
notes
1945
property and equipment, $4,078,304; total invest¬
assets; $433; cash, $356,338; temporary cash invest¬
$16,277; accounts re¬
(at average cost), $100,629;
ceivable, $143,063; materials and supplies
insurance, taxes, etc., $32,165; deferred
784,326.
.
debits,
L
.
.
.
$26,093;
$4,-
total,
-
...
had
engaged in the>
b3en
arid
dated
A
back,-respectively, to 1880 and 1882.
subsidiary, Cherry-Burrell
"
wholly-owned
Corp. of Canada, Ltd.,company's products in eastern Canada.
In 1930, a
controlling interest was acquired
in Storer, Rocigers and: Hughes"
(new Cherry-Burrell,
Ltd.),
an' English
company.
This company
distributes
(U. S. government securities, including accrued interest,
$31,023;
receivable
(including accrued interest),
concerns
and distribution of
milk processing machinery,
equip¬
supplies.- The two largest of 'the joregoing companies,
J. G. Cherry Co, and D. H. Burrell & Co.,
Inc., bad businesses which"
'
CONSOLIDATED BALANCE SHEET DEC. 31,
ments
1945
(& Subs.) —Earns.
"
ments -and
$8,916,549
6,732,667
Net salfis '
BUSINESS—Corporation is one of the largest manu¬
of processing
machinery, equipment, and
The principal users of the company's
processors of milk,
butter, cheese And ice cream Who'
distributors
equipment manufactured by the company; certain complex
mentary machinery and equipment manufactured by others, and an
extensive line of dairy supplies principally manufactured by others.
7
The
dairy industry comprises
thousands of processors of ;tdAiry|77
products doing business in nearly every community in the UnitedStates.
Dairy plants range in size from the small local establishment
servicing a -limited area to organizations which manufacture and
market dairy products on
a
national scale.
Bocause of the- wido
variation in type and size of business of its customers and - the diver¬
sity of their plant layouts, much of the machinery sold by the conw
pany is specially selected arid arranged for individual customer needs
by the company's engineering staff,
In many instances installation
of such, machinery is under the supervision of this staff and the
Company's trained service, organization.
Corporation was incorporated in Delaware July 26, 1928, for the
purpose of consolidating the businesses and assets of J. G. Cherry Co., gv
D. H. Burrell & Co., Inc., Milwaukee Dairy Supply Mfg.
Co., A. H.
Barber-Goodhue
Co., John W. Ladd Co., Cherry-Bassett Co.
and
ery,
33,201
the
ENDED OCT. 31
are
purchase
*
$447,755
:
expenses
made
YEARS
Inc.
1945—3 Mos.—1944
"
revenues
power
Operating
to
also
SUMMARY OF EARNINGS,
V
End. Dec. 31—
Totaj operating
chain Stores, grocery stores
through brokers and to
jobbers.
During the fiscal .year ended Oct. 31, 1945, the total number
©f customers were approximately 9,000.
other
and
Central Louisiana Electric Co
Prov.
corporation's
AND
facturers" And
(supplies for the dairy industry.
-
-
Transfer agent, First National-Banx, Cnicago.
Regis¬
Continental Illinois National Bank & Trust Co. of Chicago,
HISTORY
,
'
the
In 1945 approxi¬
proportion of packaged items has steadily increased.
mately 90% of total production was represented by packaged goods;
and the principal significance of this development is that packaged
goods bear brand names or the name of the corporation while goods
sold in bulk seldom bear the label of the corporation when offered for
being offered to holdr-
are
.
trar,
$6,413,000
:
and
of the total poundage produced
proportion has been steadily reduced and
74%
approximately
/
April 30, 1953.
At a'meeting- of the directors of Canadian Pacific Air Lines
Lim~
ited held Feb. 13, W. m. Neal, C. B. E., was elected President and Chief
Executive Officer of that company, succeeding L. B,
Unwin, resigned.—
V. 163. p. 1153.
pie crust,
snifties,
ex--
■'
Cumulative dividends payable quarterly on last days of
January,,.
April, July and October.
Redeemable in whole or in part on 30 'days'
notice 'atr $107 per Share on or before April 30, 1949, and thereafter
aV
prices decreasing progressively every two years to $103 per share after
1945
22,090,783
earnings
Traffic
■■
'
$8,982,053.
sup¬
taxes,
•
1946
$23,309,195 $24,090,309.
Week Ended Feb, 21—
•
total,
income
equipment and supplies for the dairy industi'jfi. Executive offices are in. Chicago with plants in Cedar Rapids,"
Iowa, Milwaukee and Little Falls, N. Y.
Participating in the offering are Blyth & Co., Inc., Glore, Forgan &
Co., JHarriman, Ripley & Co., Inc,| Lee Higginson
Corp., Smith,
Railway—Earnings.-
January—
earnings ____:
Working expenses
1942 : Federal
Barney &. Co., Harris, Hall & Co., Inc., Bacon, Whipp.e & Co., Central
Republic Company, ine„ Julien Collins «fe Co., Pam H. Davis & Co..
and Kebbon, McCormick & Co.
Month of
Gross
of
distributors of machinery,
163, p. 896.
Canadian Pacific
accrue*!
Net ^proceeds ftoip- tlfe financing will, be used for' new plant cdnstruction, machinery arid equipment, for redemption of any unex¬
changed 5% preferred and tor additional working capital.
"
,
The company is "one of the country's leading manufacturers
ancV
-100
1.000
._
including
changed by stockholders under the exchange offer.
100
1.000
._
securities
of the outstanding 5% dividend series preferred and.
the remaining 26,541 shares are being offered publicly.
The underwriters will purchase any shares not ex-i'
100
-
Inc
Co
$150,669;
•
ers
500
Co.,
&
debits,
refund
registration statement, 13,549
1,000
1,000
._
estimated
100
-
1,000
._
Robinson & Co.,
Herbert
F,
.
._
Irving J. Rice <te Co.----——-
—V.
.
100
._
government
accounts'receivable, $201,239; materials and
cost), $102,886; taxes, insurance,
rents and
100
•
1,000
._
Frederick S.
&
150
1.000
:
Pitman & Co., Inc.__„— __r
F. L. Putnam & Co., Inc.—
Swain
150
150'
1.000
Co
S,
31, 1945
equipment, $7,879,240; special de-'
working funds, $308,2il; temporary
Co., Chicago, headed a banking group which
made a public offering Feb. 28 of a block of 4% cumu¬
lative preferred stock (par $100) at
$103 per fchafe plus*
accrued dividends. Of the 40,000 shares covered by the
200
.
-
Dempsey & Co.——
Laird, Bissell & Meeds
Mead, Irvine & Co
W.
200
1.500
1
average
and
including
Illinois
200
1,500
Inc.—'
plant
Cherry-Burrell Corp.-—Preferred Stock Offered—The
200
1.500
._
-.83,832; '•,
$237,818'
200
,
2.000
-
& Sherierd—
House
200
2.000
j_
'
200
2,000
._
.
Curtiss,
200
2.000
._
Brothers
Butcher
,
200
2,000
._
& Co
&• Co.,
.
2,000
Midalebrook
&
$82,748
$321,650
mortgage bonds, series A, 3%% due Feb. 1,:
$4,214,000; employees' war bond payroll savings (contra), $976;
accounts
payable, $87,971.;' consumers' deposits (refundable), $10,777;,
accrued items, $242,550; deferred
credits, $7,850; reserves for renew¬
als, replacements and retirements, $l,43Iy6i;0; other reserves,; $143,087;, v
$6' preferred shares (no par),;$1,386,765;
commo nsharefs
(no par),
$1,000,000; earned surplus, $456,466; total, $8,982,053.—V. 163, p. 1154.*
250
...
$103,703
LIABILITIES—First
manufacturing and selling biscuits,
1936
173,260'
'104,711
1974,
2,000
-
Henvyn T. Moore & Co., Inc
BUSINESS—Corporation and subsidiaries
ties now being sold
167,460'
$599,62/
53,130
$52,478
shares
com.
(U.
$145,874;
tat
$36,949;
$.37,587; deferred
.
2,000
._
•_
plies
300
;
2,500
2,000
investments
interest),
.
In
$156,836
.
40,554"
$73,436
penses,
400
3,000
'
:
^
Co—
Douglass
,
300
.-
Co
Co
&
:
400
400
;___2
Co.____
&
Nelson,' Browning & Co
Taussig, Day & Co., Inc
Johnson, Lane,. Spa.c'e and Co., fnc
McAlister, .Smith & Pate. Inc.—-—
($20 par) at $26.50 a
$1.25 convertible preferred stock
:
193,989
.
preferred stock__
$119,399;' cash
Cash
400
3.000..
Bull, Holdep ,& Co
Preferred Stock Offered—Public
offering was made March 5 by an underwriting group,
headed, by Van Alstyne, Noel & Co., New York, and the
Carlton M. Higbie Corp., Detroit, of 100,000 shares of.
ctix
taxes
BALANCE SHEET DEC.
posits,
400
'
-
A,000
-
on
JBalance available for
.
400-
...
George D. B. Bonbright &
Net
ment,
148,269
41,453
42,779
income
ASSETS—Property,
4,000.
4,000
ft
Torrey——i
as
19,000
4,000
Newburger'& Hand—
share
for
Federal
w
income
Net
of 20
cents
mixes
922,749
47,959
35,797
.
19,100
4,000
v
Co._.l__
&
*
,
4,000
& .Co—
Hemphill, Noyes & Co
Hill, Richards & Co
Johnston, Lemon & Co.__
e.
are
15,000
...
&
Emanuel
each
©f
49,202
deductions
for
Warrants
16,000
-
C.
stock,
A
multiple
397,635
'
"
'
V.
.•
Carlton M.
Nelson
any
On
$2,425,029
replacements
retirements
,769"
-
*
>-
each
by
follows:
Doolittle, Schoellkopf & Co._.^
and
shareholders,
29,268
Taxes other than Fed. Income taxes
UNDERWRITERS—The names of the underwriters and the
respective
number-of shares
and
warrants to be purchased
Coburn
Offering Postponed—
advised
directors have
unsettled
of
will
improvements to plants and equipment.
Second Preferred
erred stock
Renewals,
"
Dividends
The
239,925
a
:d to'be uSed for plant
expansion, -including the
purchase <of'new manufacturing equipment and the balance of such'
proceeds will be used to Augment the corporation's working capital,
for general xiorporate purposes,' including
inventories, and the carrying
(F.) Burkart Manufacturing Co.—Registers With SEC.
Net
249,213
.
income
The
103,858
expenses
XffiSfor
Provision
of
Assuming that only
$618,103
100,936
-
Maintenance
and
12 Mos. '45
$638,455
power1
from' the*
and
Co.—Earnings—
1,1945—3 Mos.—1944
^
47,946
Purchased
/
;
revenues
,122,418
;
$615,822
Rentals
w
operating
$142,759
126,450
«
.
wo
100,000 shares of $1.25 "convertible
sale to the ^underwriters or warrants
26,900
$489,372
___
—'.—
^«w
Of
256,989
v.
11,849 f
;
*m»fc:^Mv4>u"w*'*
Total
from thei'date of such resignation, discharge or-death* the unexercised
;^logtidn• °i the shares of - stock purchaseable under the option*,,, ■ tft>/
4914 QS'l'
.
PURPOSE—The estimated net proceeds to be received from the sale
; 488,303
"
V
u
.5,756,822
'■•'•■ i
'*
■
___:_
Equipment rents
Joint
lww
^ 4,988,530
operating.revenues
£
'*av«
Taxes
.'
expenses
f&xSa^ V
•
>
the
manufactures products of Cherry-Burred design in Great Britain which
it distributes there end in certain
European countries.
-
BACKLOG1 OF UNFILLED ORDERS—The dollar
orders
at
amount
of
unfilled
Jan.
31, 1946, for products manufactured by: the company
approximately $12,700,000.
Such unfilled orders are subject to
cancellation, at the option of. the, purchaser, inasmuch-as these-orders
have been taken on the basis of "Price in effect at date of ship-,
merit" and no definite .delivery dates have been promised because of
Abnormal conditions in the procurement of materials.
Orders fof
was
Profit
Other
from
$794,789
$491,801
$449,568
5,706
operations
48,445
40,919
income
LIABILITIES—First mortgage 3% bonds, series A, due Jan. 1, 1961,
contract payable, $9,009; 2»/2%
serial note
(due April
1„
$38,00p; contract payable, $4,000; accounts payable, '$83,799;
customers', deposits (refundable), $68,265; accrued items, $62,791; de¬
$570,000;
1946),
'
income
Gross
$800,495
11,454
$540,246
:—
Prov. for est. Federal income taxes.
48,000
40,000
70.00Q
477,000
3,076
373,500
2,200
211,500
$260,965
$104,385
$188,933
Other
deductions—,
Prov: for
est. excess profits
for -est.
Prov.
Net
State
taxes..
income taxes..
profit
CAPITALIZATION,
GIVING
TO
EFFECT
$490,487
20,161
PRESENT
19,054
1,000
FINANCING
Authorized
100,000 shs.
Outstanding
$500,000
14,177
100,000 shs,
1,000,000 shs.
1498,130 shs.
$500,000
mtge. on real prop...
$1.25 conv. 'pfd. stk. (par. $20)
Common stock (par 12Vic. per share).
money
December 1945 to State Mutual Life Ins. Co.,
Worcester ($400,000) and Schroder Banking Corp. ($100,000).
fExcluding 200,000 shares reserved for conversion of $1.25 convertible
preferred stock and 45,000 shares reserved for exercise of warrants
and 50,000 shares reserved for option to the president of the corpora¬
"Sold
tion;
1
•
privately
XT"'
:
in
WARRANTS—Corporation has been authorized to issue common
purchase warrants entitling the holders thereof to purchase
$11.05 per. Share., on" or before 3 p.m. (EST)," March 1, 1951, an
aggregate of 45,000 shares of the common stock.
OPTION—The
board
of
directors
,
by
•
resolution
-
adopted
-
-
Sept.
•;
purchased, $11 at one time or it* such amounts and at such tithes is
Mr. Burry desires, provided that no part of the option can be exer¬
within
The directors
Of
six
months,
from
Sept.
28,
1945,
and
that
no
the
on
record
oq
Co.—Larger Common Dividend.
Feb.: 28 declared
.stock, par $10,
a
common
Feb.
28.
Distributions
of
,
dividend
payable
12*/z
cents
of
15
March
feach
4
cents
to
Were
usual
The
share
stock,
on
declared,
163,; p.
-
the
on
share
on
28, May 31, Aug. 31 and NOV. 30, last year,' v
quarterly dividends of $1.75 per share Oh the 7% pre¬
$1.50 per share on the 6% preferred stock, $1.50
per
'preferred; s"tock,
the
all
$50
$6 dividend
preferred
payable April
.".... .7
1024.' *•;
stock,
1
creation
.of-
200,000
which
March
shares
the corporation
Proceeds from the sale
ahd 62V2 cents per
of
serjes,
record
were
March
afeo
V;; -;
4
of-
.
■? ' .*■"
a
new
certificate authorizing
cumulative preferred stock;
a
the
new
stock,
at competitive bidding;
with other funds, will be
^ present f><f0 ".preferred, stock,
Prfesident stated.—V. 163, p. 1024.
John
L.
,
Haley;'
.
-
stock
Certgin-teea Produtts Corp.^-Calls %%^Stock;-0.
AU of ..the outstanding shares of- 0% cumulativeprior preference
stock, $100 par value, have been called for redemption' on June 1;.
'
next, at $110 per
V. 163. P. 1154.
f
share
-
and
accrued
dividends
Of
$1
CAPITALIZATION,
GIVING
"
'
--
EFFECT
■
TO
PRESENT
per
FINANCING f
AuthOrfzed
v
Cumulative bfd.' Vtki (par-$100>-—_-_
Common stock' ($5 pan)—
"
40,000 shs..
_
"On
Feb.' 20,
and held in treasury.
~
-
'
PURPQSE—The. net proceeds will be used for new
for acquisition of additional -machinery and
share.—
exchange
for
or
redemption
of
the
5%
dividend
"
...
equipment,
for
series preferred
OFFER—Company is offering to the holders of its
outstanding 13,549 shares of 5% dividend series preferred, stockman
opportunity, to exchange their -share's' for. share j of the init ial series
of the new preferred stock on the basis of one share of, 5% dividend
iSeries preferred etpek, for :one: share of the initial series, plus $2.75,
which sum
represents the difference per share between, the -initial
public offering price of a share .of the initial series plus-the initial
dividend "to be paid thereon. April 30, 1946, and the redemption price,
EXCHANGE
plus accrued dividends to April 30, 1946, of a_ "share of .5% dividend
preferred stock, ■ v
"':'"
' ,-v^
' ;
In order to avail themselves of the opportunity of exchange, holders
Of 5% dividend series preferred stock must- irrevocably deposit ftheir
.
Publishers, 25 Park Place, New York 8, N;Y., REctor 2-9570. Herbert D. Seibert, Editor and Publisher;
--1:
nn
Mnnrtflvl
William. D..RJggs, Business .Manager.;; Published, twice a week [every Thursday (general news and advertising lasuei with a statistical issue
on^Monday I
135 S. La Salle St., Chicago 3, HI, (Telephone: State 0613)Ll Drapers' Gardens, London, E. 0„ England, c/o Edwards & Smith. Cowright 1946.by ^William B.
as second-class matter February 25, .1942, at thh post office at New York, N. Y., under the Act of March 3, 1879. • Subscriptions
in, United States and Possessions, $26.00 per year^ jn Doml
Canada,,$27.50 per »
year; South apd Central America, Spain, Mexico and Cubai $29.50 per year* Great Britain, .Continental'Europe;(except_Spain)>.A8ia^AU8uaua.ana
ljw«Utua>j
fluctuations in the rates of exchange,'remittances for
NOTE; Oh account of
foreign subscriptions and advertisements must be made in New York lunoa.
The Commercial and Financial Chronicle (Reg. U. S. Patent Office) William B; Dana Company,
William Dana Seibert, President;
offices:
Company R
*
'
-
^
•'
f
;
plant construc¬
stock and for working capital.
series
*
/Outstanding;
600,000 shs.t446,475shs;
1946, the stockholders authorized 80,000 shares oft
Cumulative preferred stock; 40,000 shares of Which, constituting thd
Initial series, are now offered.
tExclusive of 6,807 shares reacquired
;
tion,
has-'proposed to sell
of
year's production"
11.—V.
'
lpbrp.--Stock AppWv&J.-^ J
approved
one
some to. two years'
production on others and orders for itema
comprising 33% of the, backlog represents -less than one year's pro¬
duction at prevaiiirig rates.
•
Central New York Pbwtei'
on
series.
dividend
holders
to
;v'."
...
stockholders
5%
comprising 27% of the backlog represent from
on
per
this issue oh Feb.
ferred
Vogt instant freezers represent 40% of the backlog and. approxi¬
mately' three years' production at prevailing rates.
Orders* for items
holders
made
28,
1945, granted to George W. Burry (President) an option to'purchase
at any time within five years from Sept. 28, 1945, 50,000 shares 'of
the common
stock at $6 per share.
The 50,000 shares could be
cised
Central Maine Power
f
The
*
Stock:
at
credits, .$17,272; reserves for renewals, replacements and re¬
tirements, $1,015,498; other reserve's $196,618; common stock ($10 par),
capital surplus, $1,440,946; earned surplus, $478,135 total,
$4,784,326.—V.162,
p.
2637.
—
Share
•Sinking fund 4%% debs, (due Nov. 1,
Purchase
ferred
$800,000;
.
THE COMMERCIAL & FINANCIAL CHRONICLE
3280
Wthe office
i/amr
before 3 o'clock
of -First National Bank, Chicago,
CST, on March 11, 1946. - 1
p:m.;
•
-
Years Ended Dec. 31—
sales
3,597,688
Total
2,478,372
2.335,273
«>—-—
238,097
214,037
203,267
208,333
Income
deductions—-.
293,354
246,147
142,347
Income
before
950,806
1,133,435
992,366
1,065,857
V
expenses,
income
2.679,228*
•
profits
tax, less applic. credit
68-291
150,590
580,467
67.745
67.745
356,540
401,107
'
1
i
avnnrrt7aiinn
amortization
»
'
——;
164,804
217,445
496,206
213,063
:
^
-"•Sales
total
of
materials represented the following percentages of
In 1942, 20.5% in 1943, 20.7% in 1944 and 1.9% in
war
6%
sales:
I945.|^;^t^:^<
\ V':
;/
'
■:
'
shares of the
13 549
Percentage
The Illinois Co
8.5
8.5
Blyth & Co., Inc
—
Glore, Forgan & Co.——
Harriman Ripley & Co.,
8.5
Julien
8.5
8.5
•
Paul
Corp,—,.
Smith, Barnev & Co..
—V. 163, p. 897.
■Lee Higginson
directors
Davis
&
Co
on
in 1945.—V.
the
announced
was
changed
in
actions
1948'
,
liNet from railway—
135,481
385,820
377,306
227,647
222,886
the
in
previous
year.
history of the
National
This
stated that
used
the
relations
into
with
customers,
retail
store
•Operating profits
since
profits tax
the
entry
£«**-
$559,753
off
Of
third
largest
manufacturer
The
company
sale
of
bank
long-term
be
the
from
used
the
loans
for general
Cost
Other
of
100,006 shares
29,500
aggregating
corporate
259,636
$2,500,000
Net
$2,129,334
2,312,989
3,326,265
6,809,959
-
L„
charges
*
4
'
'
'
payable
customers /
Accrued Federal &
$61,000
1,113,752
2,628,024
;
323,232
..——_
8ta~te" taxes*"
""
Other. current liabilities
II~_IIZ~~~~'
linking fund debentures.
,
3,597',222
1,775,905
1,168,045
———4,183,170
&
—
"After
deducting
to
•-
January—
'.>*
J, '
•Gross from railway...
Net
from
Net ry.
-v.
railway
oper.
163.
p.
income.
1024.
'
"aul
Gross from
Net from
Net
rv
p
for
4,891
517,732
1,597,950
659,000
tax-
3.827.850
Crl43.025
1,724,800
1,720,245
1,821,350
2,693,031
200,000
2,955,500
3,623,272
surp.
2,493,031
3,623,272
pfd. stk.
pfd. stock
(50c per shr.)
2,643,500
1,932,000
830,459
537,714
$0.95
537,714
year
transferred
on
on
Divids.
on
Earnings
to
8%
earned
312,000
cumul.
966,000
$5.50 cum.
stk.
com.
537,714
$0.62
share
common
per
CONSOLIDATED
—
....^——
1,200
...
of transfer agt. and registrar—
:
inc.
2,270
1,145
369,019
———
and
tax
surtax—
Cash in
BALANCE
1,932,000
on
hand
S. Treasury notes, tax
Trade accounts receivable
Loans
advances
and
^Inventories,
1,236
370,685
to
'45 Dec. 30, '44
$7,260,107
$6,987,477
1,336,180
1,356,489
series C
Sundry accounts receivable
2,352
$1.57
SHEET
Dec. 29,
banks and
+U.
829
2,996,65?
1,260,822
143,078
215,319
10,804
10,469
6,348,586
employees
6,144,85ft
173,611
—
at cost
Sundry mortgages, stocks, etc.,
$5,781,301
5,258,837
$5,807,394
523,776
:
—
529,704
5,278.614
Deferred charges
SPIant and equipment
162,341
at cost
j
208,558
52L990
26,462,829
—
Goodwill
SHEET, DEC. 31
6,000,000
:
Total
1945
571,720
26,805,697
6,831,405
$213,412
Treasury tax notes.
©.
stock
of
216,000
Coca-Cola
Co
3,532,480
875,340
$4,787,232
$4,767,625
-—
-
160,000
3,518,940"
872,250
stock of Coca-Cola Co
stock
$3,532,480
872,250
875,340
369,019
370,685
8,727
$4,767,625
for Fed., normal income tax and
$4,787,232
surtax—
Crescent Public Service Co. is publicly inviting bids for the purchase'
of
43,750 shares of common stock (par $10) of the company, constitut¬
ing all of the issued and outstanding common shares. The bids will
be
12
V"
843,614
noon
on
March
1493,883
J.
from
railway—
railway
Net ry. oper. income—
—V. 163, p. 776.
-V- .*
^
Net
*520,225 ^
i
January— ;
Gross
2,116,612
:
by Crescent Public Service Co. at Room 1230 Packard
Fifteenth and Chestnut Streets, Philadelphia, Pa./ up tp
11,
Colorado & Wyoming
ISfft
j ;t
;;
o'clock
1946.
Each bid must be accompanied
by a deposit equal to $1.72 Vb per share.—V. 163, p. 649.
$61,000
from
Ry.—Earning©*—.
1946
$101,143.
1945
$147,137
37,295
16,744
'
57,780
28,748
: .1943
$161,719
3,883,052
$13,152,548
j,x&x,548
Week Ended—
•.
,23,910
common
March
2
189,460.000
186,281,000
202,890,000
16
182,814,000
9
202,468,000
203,937,000
r-V.
r
.
—
290,933
^ ;I
,
.
1945
.1944
$2,155,922 $2,295,996
432,168 ^ 563,088
213.711
312.44S
1943
183,
15,520,000
surplus
24,150,000
15,975~000
24,150,000
1,000,000
1,000,000
1,366,890
3,139,323
599,141
__:
surplus
Total
$49,674,645 $52,134,349
•Represented by 253,575 shares no par value. tAt face value, includ¬
ing accrued interest, tIncluding wrapping materials and cartons: 1944,
$1,112,370; 1945, $1,205,230.
§After reserves for depreciation of $24,240,974 in 1944 and $24,826,016 in 1945.—V. 162, p. 2144.
,
Continental Commercial Corp.—Annual Report—
CONSOLIDATED INCOME
ACCOUNT, YEARS ENDED SEPT. 30
1945
on
income
:—
borrowings
Operating expenses
10,773
$222,894
.2,550
;
Total
Cost of
1944
$209,572
$161,137
3,379
147,949
chgs. and interest earned
disposal of treasury common stock—
$156,440
~~4~69$
Net finance
—
Provision for State and Federal income taxes-
The
income
Common
company
10.3
86
loa
$5,617
$29,784
5,222
16,972
4,80ft
$395
...
dividends
$8,006
—
dividends
—
?! Balance surplus
on March 1 filed a registration statement with the
shares of 4% cumulative preferred stock, par $100.
;
share basis, with cash adjustment for hew ' preferred. All shares of
5% preferred not-exchanged will be called .for,^redemption. The underwriters-will purchase from the company 'Stock; not issued under the
exchange
will be
13,216
155,692
24,100
9.7
The company is offering the holders ot its ;35,000 shares, of old 6% ;
cumulative preferred the right to exchange such shares,
cumulative preierrea tne ngnt to exenange sucn snares, on a snare ior
share for
;
4,106
Minority interest in profit of subsidiary.—
Preferred
v "t 8.2 :
Commonwealth Loan Co.—Registers With SEC.—
SEC for 40,000
140,93ft
109/81
sinking fund debentures
•$5.50 preferred stock
Common stock (outstanding 1,075,429 shares of
no par
value)
;
Earned
295,357
309,223
...
reserves
preferred stock
Paid-in
3,924/18
3,057,870
profits taxes
deposits
notes
537,714
348,000
excess
—
1154.
offer and 5,000 additional/ shares3which
418,780 4the public at a price to be filed by, amendment.
$2,063,960
guaranty
&
CONSOLIDATED BALANCE SHEET, SEPT.
fL
& Omaha Ry.—Earnings
213,486
483,000
537,714
3%
Net
200,685,06011. ; 5.6.,
23
182,010,000
on
debentures due within year
Miscellaneous
l Dec.,'
1945
Feb.
p.
payable
Accrued Federal income
Serial
583,619
348,666
stock..:
Dividend
Miscellaneous
341,791
stock
preferred
Salesmen's
$1,205,363
249,505
Dividend payable on
Profit
W.
.
1946
interest
73,835
Electricity output of the Commonwealth Edison gtoupnof companies,
excluding sales to other electric utilities for the week ended March 2
showed a 5.6%
decrease from the corresponding period last • year.
Following are the kilowatthour output totals of thd $dst foUb weeks
and percentage comparisons with last year:
1,090,944
$1,377,527
357,678
486,591
:
1944
$154,825
67,797
23,149
Commonwealth Edison Co.—Weekly Output.—
1,730^905
Accrued
received
Building,
>
payable
Employees' payroll deducs. for war bond purch.
Accrued real estate and sundry taxes
8%
—
Colorado Central Power Co.—Bids Invited—
4,681,269
377,577
152,702
673,265
LIABILITIES—
Accounts
3%
$3,518,940
n
$49,674,645 $52/34,349
1944
$160,435
—V, 162, p. 2639.
Gulf Ry.)
..
r-.
362
527,722
Cr31,410
post-war refund
Federal income
of goodwill..:
liability for Fed. inc. &
profits taxes for priq'r yrs.
excess
6,000
1,100
and report fee
bank
Total
Ry.—Earnings—
Rock Island &
roiiwaw
776
27,220
income
"46
Minneapolis
or£r
'*L-V. 163
9,652,070
Additional
$6,189,596
6,000
66,288
.
441,963
Amortization
-
t°.{1'205'501 111 1945
1Q.a
mliwow
6,770,368
538,448
for
Dividends
Feb.
*'
o»
c
January—
63,575
6,084,462
9,585,782
6,706,793
46,502
,—;
Estimated
7,415
1945
1944
1943
$14,376,792 $16,258,560 $14,483,088 $13,249,353
4,590,038
6,310,456
5,461,653 5,503,949
2,560,755
2,322,122
2,102,142
3,554,158
■
—
.
0,037,960
year
Dividends
Feb.
& Pacific
[Includes Chicago
■{'
•,t
452,000
plant & equip, disposed of
Provision
1944
$6,161,764
827
tax notes—
BALANCE
Res.
—
—17—7— "i3<t>uo.yau
tar
M^_v?lSH.aSrttog
^Chicago Rock Island
606,610
485,000"
from operations
912
Treasury
Class A stock..
-,719,732522,308^\
._
^
M,204%o
762,439
pension fund—
income
Bal.
270
S.
fees
in
Common
—
Total
1,529,095
2,886,802
735,129
expenses
the
to
1,370,447
2,788,238
136
ASSETS—
Total
2,271,252
!
loans
Capital stock
Capital surplus
•Earned surplus
18,633,275
1,301,896
Premium & exp. appl. to notes retir.
Prov, for Fed. exc. profits tax (net)
529,704
expenses
Class A
$3,304,518
1,691,963
407,746
155,003
:■
LIABILITIES—
'Iteisetve
20,219,648
21,490,680
admin,
profit
Net
76
for Fed. normal
Common
$1.74
securities-!—II
Due
:
and
during
and
523,776
common
fees
:
206,209
$1.85
Accounts
:
$
96,077.505
62,835,941
2,767,316
Contribution
statement becoming effective, it is con¬
be underwritten by a group headed
p. 898.
paid "op common, stock
Dividends paid on class A stock——
76,500
assets
Bank
Dec. 30/44 Dec. 25, '43
103,925,497 101,776,132
71,107,516
69,476,567
of
General
purposes.
$605,758
459,684
T..
Dec. 29, '45
,
be
will
Coca-Cola Co. Co. class A stock—
Net income
—$15,600,980 $13,152,548
V
:
Post-war refund of excess profits taxes
'•
$601,200
Cr81,057<
$705,594
Fixed assets
■i
$3,737,912
Subs.)—Annual Report—
(&
Ended—
Advertising
presently has 630,465
Dividends
•
Deferred
1946—2 Mos.—1945
$4,557,729
possible.
than
advertising
Depreciation
LIABILITIES—
259,636
$1.62
Inventories
—
$1,867,829
'v*
goods sold
Cost of delivery & sell. exps. other
$5,658,844
franchise tax
General
Prov.
Dec. 31, '45 Dec. 29, '44
Government
Receivables ■mJ*.
1946—Month—1945
sales
Net
BALI
S.
v
;
.
as
Years
Total
stock-!-
Co.
Coca-Cola
and exps.
Fees
the
$559,753
ASSETS—
U.
$1.—
26,
$
1945
$5,637,642
U.
on
Directors'
1,500,198
898,998
$641,244.
Cr93,850
,
share
per
and Dec.
Stores, Inc.—February Sales—
Continental Baking Co.
Loss on
Retainer fee
Cash
2,054,978
1,413,734
1,092,51$
dividends
Earnings
50 cents,
ASSETS—
ACCOUNT?
1,652,271
Balance to earned surplus
.Cash
29,
mechanical reasons it is not always
to arrange companies in exact alphabetical
However, they are always as near alphabetical
position
Co.—Registrar.—
Total
U.
TWor year adjustments
Provision for contingencies
per
Sept.
Interest
will
on
Delaware
29, '44 Dec, 31, '43
$47,756,102 $42,223,447 $36,494,008
y Net profit for year
cents
NOTE—For
corn
conversion
Interest
Dec. 31, '45 Dec.
—
excess
60
1
particularly
Years Ended—
•Income and
pay
Dividends
field.
CONSOLIDATED INCOME
.
.
of
.
$2,406,269
possible
(Del.)—Debentures Placed Pri¬
country's
the
proceeds
on
,
Sales
to
balance
Stock
TO
the
.
par
cents;
.
order.
one
a
the
of
Dividends
ALDENS-MShareholders are being asked; in
connection with proxy solicitation for annual
meeting on March 26
j;/ to approve an amendment to the Articles of Incorporation?: whereby
:
the name of the corporation will be changed to Aldens, Inc;
It was
explained the name "Aldens" would be more appropriate in the com¬
pany's
.
80
30,
Period End. Feb. 28—
a dividend of 75 cents per share
payable March 14 to holders of
paid in each of the four quarters
'
Years Ended Dec. 31—
ment store in Decatur,
111., was acquired. Subsequently, in December,
the Famous Store in
Springfield, 111., was disposed of, as it did not
fit the retail store pattern now being developed by the company. The
Operations, of the Gebhardt-Gushard Co, in Decatur, and Aldens Chi¬
cago Store
in Kankakee,; the other of the company's stores, have
both been profitable.
Currently, plans are being developed toward the
opening of new stores in addition to the acquisition of existing units.
•company
June
Consolidated Retail
Coca-Cola International Corp.—Earnings-
depart-
1945 the Gebhart-Gusbard Co., the leading
CHANGE* NAME
and
Subject to the registration
including $4,442,322 in cash
Securities, against current liabilities
of $4,845,738 or a ratio of 3.01. Last year current assets were $11,$49,003 against current liabilities of $4,063,762 or a ratio o( 2.94,
;
cents;
stock,
163, p. 899.
by Smith, Barney & Co. and Newhard, Cook & Co.—V. 163,
Government
In September of
(Boston).—60-Cent
dividend
a
Payments
15.
40
templated that these shares will
assets amounted to $14,578,546
states
Trust
declared
5
$1, payable March 29 to holders of
last year were as follows: March 31,
common
V.
outstanding.
Part
in the year to $9,substantial, part of this
a
1155.
Investment
March
on
March
of
the leading manufacturers
of candies,
on
registration statement with the SEC covering 100,000
company,
shares
the highest sales volume reached
and was the fifth consecutive year in
.732,808 from $7,885,241, It was
United
was
additional shares of capital stock.
was
company
the
on
record
City Bank of New York has been appointed registrar
value common stock.—V. 163, pp. 1154 and 894.
$10 par
The
^ increase was provided .by refinancing the serial 3 Vs % sinking fund
% debentures as a result of which the interest rate was reduced to 3%
■and an additional $1/10,000 in capital was obtained, v
t
Current
the
products
1; which the sales have reached an all time high.
.'..The company's net working capital increased
and
stock,
163, p. 308.
March 5 filed
Chicago Mail Order Co.—Annual Report—
,
163, p.
.
trustees
share
Clinton Industries, Inc.—Registers With SEC—
Consolidated sales in 1945 were $47,756,102 or an increase of 13.10%
the
that system output of -elec¬
purchased)
for the week ended
kwh., compared with 177,-'
and
Other income
227,892
,
over
The
vately.—The First Boston Corp. announces that $45,000,000 2%% sinking fund debentures due 1966 were placed
privately in February with certain institutions purchas¬
ing them for investment.—V. 147, p. 1483.
375>43£
18,629
A? Net ry. oper. income—
~V. 163, pp. 776 and 897.
!;
•
193,200,000
•
1943
$1,051,654
1944
$1,109,599
1945
$1,144,628
railway—$794,960
from
declared
like amount
A
25.
14
common
Cities Service Oil Co.
tonisville Ry.—Earnings—
Chicago Indianapolis St
Gross
for
Corp.
161, p. 1312.!
January—V"?.
to
1154.
announced
to
Dividend.—
1945
Fiscal
Beginning March 4, 1946, trapsstock, without par value, were recorded under
the common
the new name.—V.
DEC. 31,
6.3%.—V.
Consolidated
March: 2 that the name of this company has
on
163, p.
174,800,000 kwh. for the corresponding week of last year,
increase of
an
in
Cincinnati Milling Machine
Sunbeam
to
Feb.
on
outstanding
record Feb.
Chicago Flexible Shaft Co^-Changes Name.—
It
10.41%.—V.
or
week
Local
pared with
6.3
The
'been
119.322
400,000
Chrysler Corp.—Declares 75-Cent Dividend—
6.3
6.3
Collins & Co
of
amounted
,
The
Kebbon, McCormick & Co.
conditions
1946
900.000 kwh. for the corresponding week of 1945, an increase of 8.6%.
distribution of electricity amounted to 185,800,000 kwh., com¬
119,322400,000
Sales
6.3
H.
SHEET,
and
6
generated
amounted
—V. 163, p. 777.r
.6.5
6.3
(Inc.)
—-i——
Inc.
■
$648,629
1946,
119,322''
Percentage
..
.
Hall & Co. (Inc.)
Bacon. Whipple & Co.—
Central Republic Co.
Harris,
19.5
—
$612,531
March
on
^electricity
3,
vision
to the exchange offer.
dividend series preferred stock pursuant
It
company
tricity
cumulative
the
5%
series of new preferred stock, plus such of
initial series as are not taken by holders of
the initial
of
sha~s
;
+930,644
LIABILITIES—Accounts payable and accrued expenses, $38,616; pro¬
for
Federal income and excess profits
taxes, $880,101;
7%
preference
stock
<17,046
shares, no par), $1,659,358;
common
stock (80,000 shares, no
par), $800,000; surplus, $1,013,047;
surplus applied in acquisition of treasury stock, Dr$88,643;
total,
$4,302,478.—V. 162, p. 1198;
/ , " ' ' '
•'^■UNDERWRITERS^—The underwriters have severally agreed to pur¬
the company, in the percentages set forth below, 26,451
chase from
•
+925,924
The
banks, $448,290; U. S. Treasury
notes, series C, $200,000; U. S. Treasury bonds re: excess profits tax
refund, $117,692; customers' accounts receivable (net), $73,218; service
.material (unused in stock), and supplies (at cost), $334,109; notes
receivable, advances, etc.
(net), $31,882; prepaid expenses, $15,560;
land, $229,906; buildings (net), $439,015; machinery and equipment
(net), $315,404; delivery equipment (net), $69,948; service equipment,
$1,007,585; contracts and goodwill, $1,019,869; total, $4,302,478.
:
:
and
hand
on
decrease of 27,317,299
400.000;
.
BALANCE
ASSETS—Cash
67,745
356,780
r
"
business
28.
compared with 262,509,204 for the corresponding
as
a
Feb.
bl subsidiaries,
energy
general
ended
Consolidated Edison Co. of New York, Inc.—Output.—
72.411
880,101 V
show
2,527.
74,254
$590,626
dividends
dividends
600,618
67,745
deprec,
for
Prov.
59,399
533,020
357,080
stock-.-
common
232,806
520,869
/ Net Income—.
r-ff Dividends paid: v;
4$ - On pfd. stock..
1945,
$1,651,684
plant and operating equipment and re¬
placement of service equipment.
tAfter deducting post-war credit of
$64,076 in 1944 and $64,356 in 1943.
/•Federal excess
-
5,740
in
♦Including maintenance of
314,649
352,500
367,609
361,646
profits tax—
this
corporation adjusted to
territory served for
the
week
$1,649,157
$1,612,710
78,340
*
income
Net
Preference
Common
Federal
than
V excess
-.
of
March
for
prov.
taxes——.—_'
income
Other
•
T^e weekry kilowatt hour output of electric
$5,856,736
; 4,207,579
$1,606,969
$1,549,067'
Depreciation < plant and equipment) *,
Fed. in. and excess profits taxes..;
Ftov. for income taxes:
?
4,930.062
income
Cdrp>—Weekly putput^—
*
1943
;
206,266
admin.,
6ther
;
Commonwealth &' Southern
;
1944
$6,176,118
'4,569,148
Operating profit !———
$1,547,585
Misc. non-operating income
///f 1,481
10,225.117
2.533.898
'-
.
' '
235,191,905
$13,822,805
and
-Selling,"'shipping
1945
>
$6,477,647,
•Operating and admin, expenses...,
'1942'
—
'
.
service—
contract
•
1943
1944 \
from
Revenue
V
$17,818,984 $17,896,968 $13,479,517
10,212,79814,133,693
14,253,051
Cost
of
sales.—.:——3,266,719
Gross profit—
3,685,2913,643,917
•Net
Chicago TowelCC,—Income Statement—' *
de^sttary/at;©*
s
YEARS ENDED OCT- 31
EARNINGS,
Monday, March 11, 1946
offered to
^
*
'J
Lee Hiffeinson Com. and Blvth & Co. Inc.. heed the underwriting
30, 1945
,
ASSETS—Cash, $19$,998; U. 8. Government obligations (at,cost)»
$180,000; notes receivable (net), $766,236; other current receivables,
$2,080; cash surrender value of life insurance, $64,017; investment at
cost in subsidiary not consolidated, $83,560; deferred charges, $4,010;
land and office building (less depreciation), $138,803; furniture and
fixtures, 41; total, $1,432,706.
LIABILrnES—Insurance
payable,
$3,311;
other
accounts
payable
and accruals, $11,824; reserve for taxes, $20,457; reserves for dealers,
$40,420; reserves for losses, $66,875; deferred income, $34,566; minority
interest in subsidiary, $13,863 ; 7% cumulative preferred stock, $74,600;
common
Old*
stock,, $240,310;
tnt.oi
*«i
av> nna
earned; surplus,
xr
ici
*v
oor
$464,245;
capital
surplus.
P
Volume 163
t>tOi
l>2
Number 4471
THE COMMERCIAL 8c FINANCIAL CHRONICLE
Crescent Public Service Co,
(& Subs.)—-Earnings—
bonds, th© proceeds, thereof,- together with company funds, to be used
redeem a like amount of outstanding first mortgage
bonds.at 107ya.—V. 163, p. 1156.
\'V i'V'\ V<*' Jv.i 1 ,r?• 'Y 'Vs, -k .,l'\
•
to
Period End. Dec. 31—
;
T0tal: operating revenues
1945—3 Mos.—1944 .12 Mos. '45
$944,534
183,217
ft 32,624
360,519
..ft 49,676
.
Purchased power
Purchased gas.
Operating
ft
-ft*
!!«.*
expenses
tjL
Maintenance
.
-----
!
;
;
$919,263
176,109
ft
34,421
327,618
43,010
Provision for renewals, replacements
*nd
'
retirements;
ftft 61,407
Pepietfei«i!'4.,"ft; rft:_!ft_ft
Taxes other
Provision for Fed. income and State
income
tax of subsidiaries
Operating income
ftft; 1,250
$149,440
>
.
Other income
51,451
-
—
stock, par $1.
common
with .the SEC
The shares
issued and
are
J.
income'
Gross
$152,366
$211,367
68,233
78,622
$639,237
274,813
$84,133
$132,745
Fixed charges of company
; :t»
82,500
84,000
Prov. for Fed. inc. tax of company
rCrl2 /ft ——
$364,424
"
165,000
/ft ;
14
income
of
deductions
subs.
inc.
before
fxd.
chgs. of Co.
-
Divco
Net
Corp.—Quartrely Statement—
Balance :vSurplus --L----i--'.-----^-'
•
-$1,645
"
;
Gross profit—-.!*-—
1——I—
Miscellaneousincome-r!-~-»——
$199,410
$48,745
*
CONSOLIDATED BALANCE SHEET DEC. 31, 1945
LIABILITIES—Total
funded debt,
"No
of
being
are
banks and
in
U.
Co.—Registers With SEC.—
offered
by
the
and
company,
34,305
hand
and
on
from
Ebaloy,
fiscal
Of
stock
common
its
share
$13.50
Total
the
of
to
For
Accounts
operating
of
45,324
112,148
National
561,849
452,022
week
'
24,605
of proceeds
General,
Paul
•
Davis
H.
Accrued wages
will be added to working capital.
1
&
Chicago,
Co.,
is
named
principal
Federal
underwriter.
income
Capital stock
Period End. Feb. 28—
1946—Month—1945
Sales
$1,098,992
—V. 163.
Sugar
stockholders
the
at
$880,305
$5,961,337
Co.—Purchase
annual
meeting
of
Hershey
held
March
on
5
terests
are
stockholders
poration
729,000
voted
authorizing
ing the authorized
amendment
an
such
of $5
shares
preferred
certificate
changing
the
stock
common
of
incor¬
Bond &
two
present
board
of
eight directors
reelected.—V.
was
163,
Francis
trustee
JB
1954.
has
for
liled
voting
stock oi
common
The voting
14.
Curlee
M.
voting
as
of Class
registration
a
statement
certificates
trust
Sales
Trust—
with
covering
the
Cost
voting
trust
terminates
agreement
the
upon
death
Prov.
tion
committee
the
of
company was approved
mailed to the stockholders of
and
the
stock, all of whom have transferred their stock
common
voting trustee, who has issued
to all of them,
The total numb'1" -f shares of class B
cate*.
is
B
26,556.—V. 160,
2182. *
p.
for
has
company
stock
common
The
accelerated
amortization
ended Oct. 31,
year
the
1945
New
shares
share giving effect
1946.
4,
of
Transfer
L,
A.
it
has
applied
the
for
listing
Freedlander,
from
Total
$1.95 a share on
the
after
Net
split-up
sales
consecutive
In
1944.
1945
President,
said
thaMf
Current
on
on
U.
Governments
$2,876,729.
S.
company's
before.—V.
Oct.
Net
163.
p.
31,
1945
of
working
history
resulting
profit
from
for
share
the
reached
U.
the
amounted
$1,883,507,
capital
and
of
compared
&
said,
some
"The
RR.
was
300,000
30
$2,443,892
$1,727,452
of
$1.53
CONDENSED
savings
BALANCE
receivable,
less
and
anteed
1946.
by
Principal,
will
the
be
premium
Delaware
paid at
the
&
refund of excess
Total
—
—
LIABILITIES—
Notes
Reserve
(if
taxes
including
and
Reserve
time of
and
The
extension.
interest
year
Earned
Extension
will
interest
The
due
extension
be
—V.
,
and
'
_
surplus.
$9,248,213
$500,000
878.
p.
325.643
187,964
principal
on
or
1,
Operating
offer has
639,528
639,528
1,727,452
$9,248,213
*
$9,476,552
v
...
-
-
"
before
(A Subs.)—Earnings—
forthwith
Commerce
and
is
not
30,
1946.
conditioned
Commission.
1
Said
offer
upon
authorization
to
purchase
is
Inc.," 123
N. Y.:
or-
So.
v
Detroit Toledo
ft The.
company
for authority
Prov.
to
ft-;'
•
ftvs) -:!<■■
y>;>
Ironton RR«-~T& Refund Bonds--;
Other
Fed;'inc.
Total
.
37.623
64,757
21,504
taxes...!-
income
income
$809,805
-
-
'
258,896
49,052
'
.
37.168
V
'
87.889
of
subs.—
11,732
14,451
1,707
.^1,936
20,573
$37,526
taxes
$28,860
$164,484
1,255
1,870
v
$36j6l
——
deductions—,>—-.-6.-.
Pfoi."fcr!FedV Jac!- tkxes ot
coast public service
,
-
Cr691
>
.
5,988
$170472
' 16.123.
58,347
•i'*'
■iT"i
.
58,240
-
WO.TOO
.U.031
3,102
■
;
r
.
$28,441
'$11,505
CONSpLlDA'KBrt«AAia7CE' SHEET DEC.' 21.
ASSETS*—Electricity u^fJ^Np^j^nt; $2,475,23*1;'speciad
;•
•;>:
caslr,- $148,^85;
ftccounts^^eivable, $36,401;
has 53.76ft""
?
ft"
•
.
1**'
[ft";
It
commitment
The
4.
this
and
adoption
With;
Chicago—Registers
estimated
is
that
approximately
will be applied to
The company has
trucks,
1,100
the
for
purchase of
150
1-ton
panel
for the purchase of an additional 600
^
.
the
Federal
Court
p.
4*>"'( Vr
on
groups
proposal.
March 28.—V. 163,
.>
March 6 said that the vote
the plan of reorganization
time for voting expired on
has ordered the trustee to report the
corporation
stockholder
of
on
The
779.
/
\
1
'\v>'
rt
v
stock (par
was
...
Exchanges.
;.;y
12.362
To
net
$99,764
1945
funds; $73,006;
^atej;la^5a^Au^lies | aJ»
proceeds
•
.
.
PURPOSE—The
$2 486 546.
are
to be hot. less than
proceeds are received bi the
estimated
the extent that such net
corporation, it is expected they will be
applied to the following pur-
P°(aS) Newtudto'°fa^Tlities,
station site, transmitter building ;and
antenna system (but not including transmitting and studio apparatus)
lor
AM
(Standard
Broadcast),
FM
(Frequency Modulation i
and
television
broadcasts are being acquired and constructed^' in
Wavne
Ind., at an estimated cost of $200,000 and it is anticipated
ftthat approximately $200,000 of the proceeds of this offering wiU toe
A manufacturing plant at Huntington, Ind., has recentl"
to
provide additional facilities to increase production
have beerv let for the erection^ of
new engineering
administrative building in Fort Wayne. Ind., and it is anticipated
b)
riurchased
contracts
approximately $400,000
'to'^^o|^.rp?!
which
stock is listed on; the
Exchanges. Corpora¬
tion has made application to list the 219,571 shares of additional
common stock on the New York, Los Angeles and San Francisco Stock
170,671
15,842
'
-
Balanced transfd.
•
46,736
—
income
Gross
/
.
has applied to the ^Interstate1 Commerce Commission
issue and sell-$9,626,009 t>f first mortgage series B
"
for
V
;«pewals, replacements
Operating income
by the Interstate
La
York. N.J83^ pr ,l 156.
—
,
12 Mos. '45
$200,637
»
48,533
7,525
expenses
retirenlents
Taxes other 'than income
^
Salle St., Chicago, III., or 35 Wall St., New York,
'rom the Delaware & Hudson RR. Corp.. 230 Park Ave., New
$175,263
—j.
and
effective
Copies of the above-mentioned offers and of certain related papers
may be obtained from:
Chemical Bank & Trust Co., trustee for the
above bonds, 165 Broadway, New .York, N. Y.; Halsey, Stuart
Co.,
1945—3 Mos.—1944
,,
mill
LISTING—The presently outstanding common
New York
Los Angeles and San Francisco Slock
i,
-
•
power
Provision for
thereof, plus the full interest to accrue thereon to
Delivery for such purpose must be made in New York
March
-
textile
headed
1,936,971
1,200.006
3,000,000
-
2.443.892
Maintenance
amount
1946.
1
-made March 6 by an underwriting syndicate
by E. H; i Rollins & Sons, Inc., . and. Eastman,
Dillon & Co.
The stock is priced at $15.50 per share;
The offered shares represent the
balance of 219,571
shares originally offered to common stockholders and
holderk Of certain options at $12 per- share on the basis
of one share for each seven shares held at the close, of
business on Feb. 11, 1946. The subscription warrants
expired at 3 p.m. cn March 4,1946.
...
ft;
$1)
284,637
'
700.000
1,080,000
—
.
?'<■;
'■
—Public offering of 12,217 shares of common
i
profits
1 ;•"
,—.
;
Farnsworth Television & Radio Corp.—Stock Offered
$9,476,552
3,000,000
—-i—
161,
Purchased
approved by the Interstate Commerce Commission.
Halsey, Stuart & Co., Inc., has made a firm offer to buy unextended bonds of the above issue, on or before March
30, 1946, at the
April
No.
v
firm
a
V
_
$750,000
excess
under-
as
aggregate cost of $1,500 each, and has also placed orders,
223,537
;T_
East Coast Public Service Co.
been
an
result by
87,116
•
par).,!
Period End. ]0eq. 31—
Total operating revenue
1,
into
March
775,613
—
94,651
for renegotiation (estimated)
inventories, contingencies, etc.__._
for
,
guar¬
April
■;
approximately
trustee* for
The
309,150
income
named
'»
<
,
Of
indicated
"
...
_
Co.
.
subsidiaries
Its
and
acquisition
of both creditor
!
Capital stock .($12.50
Capital surplus
highest
•
any)
t-|-
2.070,153
—
Federal
for
r
statement-with the. SEC
Price to the public ; will
Building, JDetroit,. are
checks.—V. 141, p. 4165.
.
2,337,374
.
...
—
liabilities
Accrued
1,161,537
,v\ '
payable
v
Inc.—Registers With SEC.~-
the Entwistle's
involves
2,518.854
•
f
——
payable
Accounts
;
com*
any
,
Equitable Office Building Corp.-~Vote, on Plan.—
383,540
profits tax...^
V'
19.2
Mt;
3,037.329
(less
;• *'
0^3
•
$723,186
1,916,556
1,025,537
reserve
••
-
Hudson
98,336
Xlcers and employees.—V. 159, p. 2195,
$322,342
.....
machinery
438
•
p 91,490
' ! 17,573
ft ! 108,427 ft!! 10.091
,
1944
2,047,440
————
1
corporation has offered until March 30, 1946, to extend the
oi thp Albanv & Susn»ehanna
RR.
first
mortgage 3 "a ft
due April 1, 1946, to April 1,
1971, with interest at 2%ft
annum.
per
Light Co—
Pet.
Amount
-
169,426
panel
NOV. 30
SHEET,
notes.!.-;
receivable
'V--:-Decrease-^—
1945
1946
168.988
1-ton
trucks at an aggregate cost of approximately $675,000.
It.',is
proposed to acquire additional trucks as soon as prices and delivery
schedules^re established.'
*
' "
«
'
%
The sale of the stock will be made through the company's own ol-
$1.68
maturity
bonds,
(in
"
13,877
trucks at
$1,601,005
$1.64
—.
.1
estate
Post-war
liabilities
the
s,-
entered
"
the
$4,291,057
Corp.- -Offer
and of Offer To Purchase.—
This
$1,901,005
240,000
depreciation).
Emergency plant facilities, at cost (less amort.)
Deferred charges
Com¬
time."
accounts
refunds
Real
463.
Hudson
$1,967,452
1945
Inventories
company
to $9,653,495,
while current
with
Nov.
capital share
Treasury
Trade
new
$6,776,766
surplus,
with the corresponding
thousands of kilowatt-hoursU
compared
as
follows
73,917
subject to price approval,
per
client
$1,200,000, or the balance of the estimated proceeds,
...
S.
Tax
high for the fifth
against $20,094,000 for
a
Co.,
as
Dolphyn. Buhl
163* p. .778. ,,,
Curtiss
to
—
240,000
Cash
the
on
Total
Delaware
1,498,341
$2,683,892
r
,
^
of
inputs
System
.
$402,664
63.779
ASSETS—
outstanding stock, also before and
year
all-out production for
assets
and
were
the
fiscal
amounting to $25,849,300, as
the outlook. Mr. Freedlander
year,
cash
in
the then
discussing
pany's emphasis will be
1,727,452
the
postreHectlve-amendment.
,-*
of '
v-.The estimated net proceeds. after expenses. wiil be $1,659,290,^ £h»
proceeds will he used to finance the acquisition of factory, and ware¬
house buildings and
in financing transactions in the form of loans
r
Cr500,000
COMPARATIVE
of
respectively.
the
for
....
reserves
surplus
Earnings
had
not elected to accelerate the amortization of
emergency facilities and
computed the 1945 Federal income taxes accordingly, net profits would
have been $939,703, equal
to $3.74 or $1.87 a share on the common
stork
outstanding, before and after the split-up respectively.
By
comparison, net profit for the 1944 fiscal year was $781,713, equal to
$3.90 or
$366,447'
l,60i;00S
-
Dividends paid
Stock
a
at
sale
1
•
the
voting trust certifi¬
stock outstanding
after
1946,
28,
28,159 shares of common, par $10.
to
stock outstanding on Oct. 31, 1945, or to
to the 2 for 1 stock split-up effective .Ian.
common
2,347,000
surplus...
Adjustment prior years
common
Exchange.
special charges
of
emergency facilities,
net
was $431,466, equal to $1.49
226.671
a
that
York
that
$0.75
1,213,000
15,054,173
.
announced
on
reported
company
Light
were
&
share*^
convertible preferred
Feb. 25 filed a registration statement; with the SEC
shares, A'M cumulative series 2 preferred, par $100, and
' '
:lL
The price to the public is $100 per share for the preferred and $10
per share for the common stock.
The company anticipates that ail of
the preferred and common will be sold to employees and oiflcers of the
company
and employees and ofiicers of Curtiss Candy Co. and Us sub¬
sidiaries,
In the event of a public offering, the company , will
a
for
prof.
earned
Earned
The
surplus
Webber-
—
public offering of
Ebasco Services Inc., which are subsidiaries
Light Co., Electric Power & Light Corp. and
ftft'iftftftftft!;*!1
ff-t
193,482
1,080,000
$392,661
exc.
Offered.
a
share;
per
an<t pa jama
343,706
153,214
inveii.,.contingencies, etc.
Previous
Dayton Rubber Manufacturing Co.—To List Stock—
Its
inc. &
io;
..
net proceeds
the
plant
The
224,263
356,232
140,707
'
Balance
stockholders assented in writing to the modification.
The voting trust
agreement has been signed by the owners and holders of 17,463 shares
of class
215,424
412,805
—
v
.
The -company on
216,280
—
income!.
Federal
;
ring spindles and 1,300 broad looms and Mill No. 3 which has 1,636
spindles ahd-275 looms.
The mills have been^ running on print cloths
-4.1943
13,153,6*6
depreciation
than
:>
v
The stockholders have sold their shares^-of outstandingvcaoital stock
to M. Lowensteln '& Sons, inc.. New York. N! Y.> large cotton goods ;
--Converters.-:(Which see.) ,■
-v
;
^
«
,r''
^
'ft • -
'
All
company.
for
other
-
from
SEC~
1944
13,091,929
expenses
for esti. Fed.
Prov.
by the reorganiza¬
the
etc.,
taxes
of
M. Curlee, voting trustee, or upon its revocation J)y hint) in I)is
lifetime.. On Nov. 15. 1944. a modiiication of (he plan of reorganization
recapitalization
sales,
outstanding
amount
'
$15,334,382 $15,507,933 $13,765,288
...
Provision for amortization
Francis
and
of
Taxes
company.
trust agreement terminates absolutely not later than Nov.
The
1945
(net)
Provision
SEC
shares
26,556
Feb.
Equipment"''Finance'-'1 Corp.;
899.
p.
four-f or-»
a
Entwistle Mfg. Co,# Rockingham, N. C*—New Control
Dwight Manufacturing Co.—Earnings—
Years Ended Nov.30—
Curlee Clothing Co., St. Louis, Mo.—Voting
f.'i!
;
will be used to. retire bank loans and
■
r
Goodwin, Inc.", ^s named principal underwriter.
the
v.
Light Corp—
&
Power
McDowell
share.
a
43,908
there will be expended for additional space to
Clemens $300,000; for the purchase of additlph'ail
equipment $200,000; cost of moving machinery, etc., to new plant at
Mt. Clements $30,000, and the balance for working capital.
»
S. R. Livingstone & Co.,
Penobscot Building, Detroit, and Mercier,
Of
its
transaction.
The
Power
be $4,375
r"
; ;
being offered to the public through underwriters, and 50,000 shares
offered to warrant holders.
The price to the public on the 175,000
is $4.50
163, p! 309.
the
.
$1,796,643
,
&
&
Electromaster,
225,000
:
'141,199
1,069,954
$2,660,583
*
—
1156.
and
The company March 4 filed a registration
for 20Q,000 shares of- common stock, par $1.
:
The primary purposes of the
financing Is to retire certain existing
loans, and to provide adequate working capital for additional -research
and research facilities, new product development and to embark.upon a
program for expansion of operations on a national scale.
'v
outstanding
increas¬
and
The meeting adjourned
to April
16 with a view to electing
Hershey
representatives
to
the
board
after
consummation
oi
—
163, p.
shares offered
1,250,000 shares.
to
common
the
to
stock,
stock to
capital
par
'
—
iv!
141,199
1,351,506'
—
The company on Feb. 25 filed a
registration statement with the SEC
for 225,000 shares of common
stock, par $1. Of the total 175,000 shares
ap¬
are
new
225,000
a-
of
Power
1945
Drug Products Co., Inc.—Registers with SEC—
acquisition of the Hershey sugar and railroad in¬
in Cuba for a consideration involving the issue of $6,000,000
preferred stock and 275.000 shares of common stock.
The
$1)
Total
$4,943,313
proved the proposed
of
(par
:
:
21,972
The above; figures do not include. the:, system inputs of
panies not appearing In both periods.-—V. 163, p*. 1156. <
r
Property Approved.—
The
100,963
38,862
-
1946—5 Mos.—1945
•
—v.
Cuban-Atlantic
392,650
193,921
Earned surplus
899.
p.
61,268
$140,975
62,847
* ' 28,549
27,156
'
taxes—..;
taxes...—
Capital surplus—
Crown Drug Co.—February Sales Increased 24.8%—
•
$256,177
withholding
r
$288,659
-*
.
Inc.—Weekly Input—
ended
Power
during
Electric
$1,796,643
balances
and
;
-
4
33,322
,
l
and other expenses.
excise
shares
:. Operating Subsidiaries of—
American Power & Light Co-
9,435
>
30.875
$2,660,583
credit
1943
-
72,965
43,683
Split Stbck.—r
Common ! Stock
—
companies
American
401,205
payable—trade.
Customers'
Inc.
week
the
1,168,743
502,390
—
proceeds, company will use about $150,000 for
machinery and equipment and other improvements in connection with
the reconversion of the plant to peacetime operations.
The balance
5,000,000
from the financing
Proceeds
LIABILITIES—
share.
per
4,511
first mortgage notes, to redeem 12,139 shares of
stock and for working capital.—V. 163, p. 651,
National
are being sold by
certain stockholders.
price of the preferred stock to the public is $25 per share, and
The
1944
$340,775
.
75,000 shares ($1 par) common stock at $8 per
year
common
of the
!
the capital stock, to be voted-upon at a meeting,; to
23. < The authorized capital stock will be Increased
to
2,400.000.—V.
to
.
26,838
Simpson & Go,. Chicago, is.making
$582,542
value
Patents—nominal
1945
$304,943
April
on
1,000,000
600,000
1945
(after reserve)-,
Property, plant and equipment (net)
Dies, tools and patterns, less amortization
Prepaid taxes, insurance and other items
of
held
be
$0.38
the
$392,684
reserve)-
-^.1
March 5 recommended - to stockholders
on
of
split-up
one
earnings in excess
140,075
receivable
notes
(after
>„*V
Llnes» Inc.—To
Ebasco Services
;
such
-
directors
The
JAN. 31
Treasury notes
S.
Inventories
shares
SHEET,
of
$2,813,099.
ri-V'i;.!!
Eastern Air
$85;787
,
1946
Cash
company Feb. 26 filed a registration statement with the SEC
lor 40.000 shares 4Vs% cumulative convertible preferred stock, par $25,
and 40,000 shares of common, par $5.
The preferred and 5,695 shares
common
since
value
.'$326,064;, total,
71,847
$0.67
.
tax
Two-twelfths of any
carrying
over
company,
*
.
57,191
$-152,311 '
;
ASSETS—
The
of
profits
excess
BALANCE
subsidiaries
January—.'
'!!'• ^1946
from railway——
$312,770
from railway-.——
32,396
Net ry. oper. income!!
11,413
—V. 163, p. 778
$214,826
-
in the approximate amount of $360,000 will be subject
profits tax provision of the 1945 Internal Revenue Code.
Accounts
Cribben & Sexton
$361,866
credit
excess
als, replacements and retirements, $2,304,110; other reserves, $183,623;
$6 preferred stock (11,972 shares no par), $1,316,920; common stock,
(par $1), $60,000; capital surplus, $9,143; earned surplus,
(deficit),
$51,254; total, $12,237,820.—V. 163, p. 1025.
.
'
is made for
ends Oct. 31.
the company
of
parent
Net
1»449
114,873
' *94,682
,
—!—•1
provision
of
payable, $195,630; consumers' deposits (refundable), $85,024;
interest, $156,674; accrued taxes, $259,873; miscellaneous acliabilities, $22,955; deferred credits, $35,120; reserves for renew¬
exp,-!—
gen
common'share*—-
Eatned per
of
463,
p.
Gross
$213,377
ft.
2,780
tax---—------
profit!—'
Net
securities
books
on
163,
Duluth South.Shore &• Atlantic Ry.—Earnings-r-
643,632
$359,085
i
f
,
1,
of
value
securities
; —V.
'
■
accrued
'
•
Provision for Federal'income
accounts
crude
—
.
.
4%
$415,926; other reserves, $81,868; capital stock (par $1), $30,!
earned surplus, $647,560; capital surplus, $3.13,519; excess of nejt
000;
$757,009
i.—-!
Admin.','Selling, adv.; service.and
notes payable, $45,000;
$7,615,000;
Income—-ft
Total
ASSETS—Plant, property & equipment, $10,394,306; special depos¬
its, $436,716; cash,
$474,609;
temporary
cash
investments
<U.
S.
government securities, including accrued interest), $178,491; accounts
receivable, $321,995;. materials and supplies, at average cost, $174,104;
insurance and taxes, $44,823; estimated refund of 1942 Federal income
taxes. $54,387; deferred debits, $158,389;
total, $12,237,820.
collateral
i ments,
ft 1945 ft
$1,111,775 :i
752,690
products -sold—J
.
-
Aug.
due
f: book
f
^
1946
„
sales—
Cost of
lien
~
Three Months Ended Jan. 31—
Net
first
year
bonds, series
1948, $740,000; first mortgage notes D. S. A. (rural
electrification
administration)
$130,357;
accounts
payable,
$36,804;
customers'
deposits (refundable), ,$8,657; accrued items, $78,265;. d©~
S ferred credits, $4,078; reserves for renewals, replacements and xetir;©A,
'
Total
deferred debits,
.
LIABILITIES—Fifteen
I
'
$73,858; insurance, taxes, etc., $4,853;
$2,813,099.
•
v
.
Vr
•
total,
> $969;
"
theatres. Address,' 1212 IT Street
*
' "ftftftft '
.t
;
The proceeds will ' be received by; the* selling stockholders. !
vv
The underwriters are-First Colony Corp.; Simons, Linburn & Co.,
Inc., Courts & Co.; Johnston, Lemon & Co.; Irving J. Rice & Co.; Ira
Haupt & Co* and Coburu & Middlebrook.—V. 163, p! 1156.
/ft ftft ft ft',..ftftftC'ftft
ft! !
' ' v""*v
10,112
,
*•»}
.through its subsidiaries operates
N.W., Washington, D. C.
$629,125
1,514
i;i
cost)-,
average
series A
outstanding - and are being sold by certain stockholders.
Corporation was incorporated on Feb. 19, 1946, and acquired all of
the
outstanding stock of 31 affiliated corporations.
The company
141,009
$209,853 !
,
2,927,
1
—
26. filed a .registration statement
for 140,000 shares of
242,754
?
.
4%
Theatres' Corp.^-Registers With SEC.—
.
cbmpfcnjr. Feb.
The
•»
-657
ft —_— '•
56,141 'ft ''61,715 "" 253,097
ftftr.
taxes--—.' ;
income
than
District
.
195,447
'
64,631T
,
'
$3,568,615
•
706,233
113,029
1,287,920
1281
to
these purposes.
(c)
Radio
and
and
^that
of the proceeds; ras aforesaid, will be'applied
ft',
receivers
befen
are
'ft.'-""." •
assembled
.ft
from
.
many
compenent
'
part$.
companies purchase all of the .pitts from other, manufacturew,
whereas
the corporation itself ha<r manufacturedftsome of the .parts
Some
Used
by
It
in
the
assembling of'it3 products.
At the present (.nac
.
*
"-1" "
"•
THE COMMERCIAL & FINANCIAL CHRONICLE
'282
rr..n ti
■ "rru-u.-.i
not known how
Is
it
; manu«ictuieq by the
such equipment
<
working capital oi the corporation.
to the.
.
out. of the proceeds.
the proceeds of the issue,
<e) The balance of
v
.
Plant the
thereof#is not presently
itself for the cost oi
building in its own
and
hr designing
-
not used, will be added
■
,
Dec.
began
Corporation
-
'■>
'•
.56
$1.14
$1.16
$1.14
.
$2.30
—
reported for Federal Income Tax
INCOME STATEMENT
Interest
corporation has manufactured radio receivers for certain of its
for sale under the customers' trade marks.
These were
for from three to six months in advance and were in most
instances
manufactured in accordance with the customers
speciThe
1.943
$186,413
3,372
$169,833
$189,789
$173,604
41,103
33,412
34,043
$233,912
$156,377
$139,561
U.000
Total income
»' customer5
1944
$261,699
...
....—
1.4G1
1,866
1—
Expenses
'
John
corporation,
has
formerly
Fox,
M.
to Mr.
successor
Fox at National Research.
licensee under National Research
Foods,-a
patents
has
juice concentrate.
1945
j
bonds—....
on
YEARS
CALENDAR
5275,015
income—-_L—
Dividend
FOR
:
income
'
citrus juices,
dehydrated
and
Vacuum
13,316
Years Ended Dec. 31—
deposits,
nearly completed consarubtion of a $1,000,000 plant in Plymouth, Fia.,
to produce
a
dehydrated orange-juice powder and a frozen, orange-
purposes.
*
its
J
,
on
which was formed last year to
been changed to Vacuum Food
Vice-President of National Re¬
search Corp.,
Boston, Mass., has been named President.
Carroll L. Wilson, Excutive Assistant to the director of the Office
of Scientific
Resarech and Development,
Washington, has been ap¬
produce
pointed
pubJc under the trade name
.
Inc—Changes Name, Etc.—
this
of
name
Corp.,
.20
.20
1.70
26
The
.20
.20
-1
Sept. 25
Florida Foods,
-
Cap. Gain
.20
S
.20
$
be
!
•
$9,839;
de¬
Flint Manufacturing Co., Gastonia, N. C.—New Control
See Textiles, Inc. in V. 163, p. 1203—V. 151, p. 3236.
Long-Term
Dividends
Total
March 26
"To
;
$130,840;
customers'
Federal taxes
payable,
taxes,
estate
$1;
share
As
Taxable
Total
etc.,
total, $2,571,129.—V. 161, p. 1201.
.
tentative Federal Tax status are
[correcting previous tax notice dated
their
'Year 1945—
radio receivers were
lines of
>
>
10,328,779
As
25
real
4
.
goodwill,
(after U. S. Treasury, notes deduction of $61,614), $695; reserve for
post-war
adjustments
and
contingencies,
$229,308,v-capitalstock
(97,457 shares, no pari including 3,216 shares in treasury),. $1,165,780;
surplus, $1,019,983; treasury- stock (3,216 shares, at cost), Dr$31,294;
<
245,413
310.855
333.274;
7,743,463
.
"Amount per
June
accrued
$45,977;
1945J:
2-3,
Dec.
LIABILITIES—Accounts '
'
Outstanding
$5,237,715
-
Date Paid
manufacturing activities' in 1939.
Complete
manufactured and offered for sale to the
"Parnsworth." Radio-phonograph combinations were manufactured and sold under the trade names "Farnsworth," "Capehart-Panamuse" and "Capehart."
*
—
..
.
.
i
1945
31,
Dividends paid in 1945 and
shown in the following table
BUSINESS—Corporation was incorporated in Delaware
Dec. 13,
1938, with broad powers permitting it to engage in
various lines of business as well as with powers to deal in all kinds
of
real
and personal property,
including the holding of patents,
licenses and securities of every description.
Corporation is the successor, through a plan of reorganization, to Parnsworth Television, Inc.
(Calif.), which engaged in research.
In 1939, the corporation acquired the assets of Capehart, Inc., of Port Wayne, Ipd• •
"1 an""
facturing radic-phonograph combinations, and also ceitain plant and
equipment oi General Household Utilities Co., at Marion, Ind., the
business of which had previously been discontinued.
■
1944—————
1945
Dec.
AND
HISTORY
"
31,
June 30,
.
.
,
Net Assets
Dec.
(d)gCorporation*
transmitting and studio equipment and the cost
determinable.
The corporation will reimburse
-
.
$679,582;. patents, trademarks,
charges, $21,513; total, $2,571,129.,.
ferred
The following information relative to the recent history of
the
Fund may bav<? some interest.
All figures are based upon market
values of portfolio, securities as at the dates indicated:
Shares
Total
the precise kind of additional
whether they willbeacquired
by purchase or will bs erected by the corporation.
Approximately
SI,000,000 of the proceeds, as aforesaid, may be used for oi applied
*
$1,091,695),
Fidelity Fund, Inc.—Annual Report—
many or what kind of nddltlonar parts wll^ be
corporation in its own plants. Accordingly. it is
possible to state at this time
tacili ties which will be acquired and
not
n- - ■
■ i
Monday, March 11, 1946
;
*
rfirwi-MT -
The. Florida
:
plant will handle the 1946 corp of Valencia oranges.
the company received from the Army during war¬
dehydrated product have been cancelled.
The company,
however, is ready to make a bid for the civilian market arid it is
reported that Crosse & Blackwell will handle the distribution of the
Contracts
3,771
time
for
which
the
dehydrated citrus juices.—V.
162,
571.
p.
contracted
Income for
'
f/cations.
State
>
and
.
:
Production of new models has been
its
25,382
P/153
shock
3287,541
income,
Dec.
31
$189,575
'
148,869
of
£-16,237
munication.
$30,216
325,382
—
charged
priced
DEC.
(aggregate
cost
Common
stock
PRESENT
TO
"Net
30, 1945,
a
$236,596
$67,778
63,097
credit
73,703
Prior
17.80%
Eastman, Dillon & Co._~
17.80
10.10
Dean Witter & Co
Noyes & Co,__
10.00
Wagenseiler & Durst,
Hallgarten & Co
Ritei & Go. —;—.
8.00
W.
E. Hutlon
Hemphill,
.
■
& Co
,
■
H.
Byllesby
and
Co.
Inc.
i'
5.00
t$ 152,824
Crl5,102
adjusts
Cr28,270
(less
returns,
etc.)—
15.00
Earnings
1944
26,402,005
956,906
1,224,542
$3,320,055
$2,118,637
268,931
305,858
129,631
$3,525,914
181,801
profits, taxes,
deductions.
Normal
190,086
taxes...
Refundable
;
221,647
$1,217,672
$3,593,385.
$3,344,112
$2,132,00.4
244,000
217,000
excess
portion
profits
2,662,000
2,464,000
Cr266,0j30
Cr246,000
and in
cost
LIABILITIES—Accounts
accrued
payroll,
$131,152; capital
1945
31,
banks, $199,020;
(market
:
Cr82,000
$4,535;
payable,
other
$48,914;
accrued
$553,672
$953,385
$784,112
Profit before
250,000
•Provision
for
$467,454
gen.
$1,053,474
351,448
300,828
exp
depreciation
for
1944.
1945
charges
76,189
..
amortization
75,914
.72,007
.
70,038
reasons it is not always
to arrange companies in exact alphabetical
However, they are always as near alphabetical
profit—
1943
.
Total profit__—
income
Ferro Enamel Corp.—To
and
surtax
2,993
.
Acquire Electrical Firm—
•
post-war adjustments and
.' contingencies
1
Prior years' taxes recoverable
111.,
manufacturers
switches and gas range valves.
of
pie plan contemplates operation of Tuttle * Kift as a wholly-owned
.subsidiary-oi PerrO; Without any change in its management.' Negotiations with shareholders of Tuttle & Kift. Inc., are in progress
t-nd the plan will be submitted to Ferro
stockholders at the annual
meeting in April.—V. 162, p. 2941.
Net
jute container
into
while
board
Substantially all oi
for conversion into>
substantially
is
corrugated
quality
even
converted
and
all
of
the
folding
by the company into
fibre shipping con¬
solid
industry.
paper is available, the percentage of wootf
Prior to the fall of 1942 there was sufficient
in
the
Since
market to
that
meet
the
however,
time,
requirements of the
the supply has been
to
permit capacity operation of waste paper consuming
believed that this shortage will continue at least through
is
It
In
waste
less.
available
paper
the
grades
company
prewar period the capacity of the industry to produce
of paperboard exceeded the demand therefor.
As far as
is concerned, its boxboard miils have the capacity to meet,
operation.
board
has
been
extremely
growing for 10 years or more, and there has been
short supply of it for at least five years.
While the company is integrated for the production of jute and-solid
fibre containers, it ha$ always
contracts with southern mills.
kraft
material
After
that
obtairied its kraft container board under
The
company's
principal
expired at the end ot 1942 and could
date
the
not
contract for
be renewed.
dependent
for its supplies of this
material on various sources which, because of unusual demand conditions, and in the absence of contracts, were not always dependable
.and are likely to remain undependable for an indeterminate period
of time.
The company now estimates its probable annua! container
board requirements at a minimum of 110.000 tons.
Its Thames River
'Division mill and the mill of Gair Bogota which are primarily de¬
First Bank Stock Corp.—40-Cent
Dividend—
directors on Feb.
13 declared
dividend of 40 cents per share
tcmmoD stock, par $10, payable March 11 to holders of record
last
vpqt
wnra
OC
a
#nlI.\ we* /'IrA ii«u
■«ft'
'
n»
A«^i._
..
.
..
j
70,000
company
was
t$119;922
$35,000
f Adjusted
estimated
net
BALANCE
65,968
$0.98
:.*■■ r..".,."
;t$l.27
profit for
.
SHEET,
.
refundL'In'
post-war
1944
:■
.
DEC.
was
31,
92,241
The
$1.42
which
and
$1.31
should be kraft board,
•
1944
$123,921, or
'f"-^5^,
1945
1
$316,226;
trade accounts receivable, vand contract
($75,324, before reserve of $2,469), $443,160; Treas¬
certificates of
indebtedness,
at
cost
plus accrued
termination claims
and
interest (quoted market prices, $110,476), $109,694; excess profits tax
refund bonds,, 382,980; inventories (after reserves of $19,829), $711,906;
cas^i surrender value of life insurance, $78,9.70; estimated refunds, of
Federal
excess
profits taxes and renegotiation payments, $124,000;
miscellaneous accounts receivable and deposits, $3,095;
land,- build•'ngs, machinery and equipment
(after .reserves for depreciation-of
V)..
.
*
'
•
bonds
to manufacture jute board normally produce approximately
85,000 tons per annum (of which Thames River produces about 60.000
tons).
The company has also been compelled to produce a substantial
amount of jute board in its other mills but it is not economic to do
so
and such production has adversely affected the company's ability
to produce its requirements of boxboard.
$134,047
56.545
1943.
ASSETS—Cash,
signed
-/■
130,000
Cr72,000
S92.336
deducting
$72,000 in
per share,
^
'
51,300
profit
"After
ury
PavmentfS
items,
other important type of container material used in the manu¬
shipping containers is kraft board, none of which is pro¬
duced by the company.
It is made from wood pulp (principally south¬
ern
pine) rather than from waste paper.
The demand for this type
*648,000
■■
Earnings per capital share.
Chicago,
$982,047
76.000
"315:000
for
Dividends p,aid__^
stock of Tuttle
electric heating units,
common
$562,222
5,000
______
*^f this company's stock to be exchanged for
21.
in Delaware
company's new-
NEW SOUTHERN MILL.
$969;469
'12,57-7
.
$25,336
tax
Robert A; Weaver. President, has announced that the directors have
authorized, subject to stockholders' approval, an issue of 25,000 share's
rtfb.
fibre shipping containers.
produced is sold to others
other
.
8,117
4,938
Excess profits tax__
Prov.
the
the
The
.
S554U05 V
$20,398
,
income
Normal
position''aspassible.
The
out
facture of
$1,508,823
*
375,922
68,639
;
91,799
______
toOTE'~Por\ mechanical
no
incorporated
was
carrying
.
Gross
Inc.,
of
have as much as 60,000 tons excess capacity for the production
jute container beard after the proposed new southern mill is placed
in
reserves,
ari
Interest expenses—
$844,004
Other
Kift.
subsidiary
purpose
may
of
$38,761;
taxes,
$12,275;
accrued
liabilities,
"
&
of Bogota, N. J., and
Subsidiary), and a Cana¬
which in turn has two Cana¬
Mill
the probable normal sales demand of its customers for set-up boxboard and of its converting plants for folding boxboard.
The company
of
Years Ended Dec. 31—
—V. 163, p. 901,
possible
the
Foote-Burt Co.—Earnings—
Provision
order.
better
mills.
$150,760,
of
value
stock (66,821 shares no par), $1,259,105v reserve for
adjustment
of treasury
stock,
$50,558;
earned
surpl'is,
$256,7,39;
treasury stock (3,-900 shares—at cost), £>r$106,192; tct.'1, $1,695,847.
—v. 161, p. 1516. ';
;
of
tax—
profit.^....
hand
on
Selling, admin, and
Net
DEC.
,
620.000
125,000
•
and
paperboard
SLoss.
SHEET
480,000
328,000
tax
solid
and
will be
waste
1946.
,
1336,000
profits
and
depreciation
when
pulp
including
Federal income
expenses,
most
income tax and
surtax
JBxcess
tProfit.
$1.67
other
United States Gov¬
$2,248,269
116,264
$3,815,033
Corp.,
the
with water and chemicals.
In 1945, for example, wood pulp
the company and Gair Bogota amounted to less than 10'' (by
of the amount of waste paper and in more normal times
weight)
$150,000;
cash value—life insurance, $83,188; accounts receivable, $262,500; in¬
ventories, $117,763; other assets, $79,950; land, plant, equipment/ docks,
etc., (after reserves for depreciation of $1,441,097), $782,885; prepaid
expenses and other deferred charges, $20,541; total, $1,695,847.
»
16,163,706
*
before
deducting
and
$362,760
$2.49
$388,387
$0.04
costs
operating
Securities—at
ernment
922,032
$3,546,101
income-
Profit
+$0.63
all
before
but
ASSETS—Cash
29,071,651
1,303,194
147,543
*.
$344,141
$16,455,404 $33,920,9,47 $30,946,603 $19,204,376
.
Box
as
Waste paper is the principal raw material used in the manufacture
of paperboard, by the
company.
Relatively smaller quantities of wopd
pulp are added to the waste paper to give it strength and both are
:_
,
boxboard
boxes
used by
share
per
charging
and excess
1943
$1,260,215
Other
76,851
21,824
11,400
$256,739
maintenance
Costs
Total
76,401
2,898
and
set-up
insufficient
.
Mill
the
to
program.
folding cartons and
tainers. respectively.
$461,435
$464,788
60,546
BALANCE
14,238,282
The
for
mill
boxboard
surplus,
-Gross income from sales
of engineering &
development expenses
Sell., adm. and gen. exps.
$418,985
31
"After
1945
1945,
(referred
processed
Years Ended April 30——
Nov. 30,'45
Fibre
&
subsidiaries.
May,
set-up
80,338
62,921
paid—
earned
Dec.
EARNINGS
7 Mos. End.
Corrugated
Corp.
corrugated
228,273
362,760
388,387
$319,660
Bal.
2.50
Kuhn, Loeb & Co
OP
Bogota
Santee
the
344,140
dividend
AND
company, together with its subsidiary's, Gair Bogota and Gair
is engaged principally in the production of various types of
paperboard, including folding boxboard, set-up boxboard and jute con¬
tainer board, and in the sale of
set-up boxboard, folding cartons and
Crl0,455
t$ 102,029
t$2,329
Adjust." of prior years'
Reneg. adjust.
(1942),.
5.80'
Inc.
8.00
";iv
SUMMARY
M.
the
through a subsidiary, construc¬
pulp and paperboard mill.
The
surplus,
Total
Cash
E. H. Rollins & Sons Inc.
representing the unsub¬
Canada,
$39,583
years'
shares
subsidiary, Gair Co., Canada, Ltd,
in
UNDERWRITERS—The
principal underwriters have agreed to pur¬
chase the percentages of the unsubscribed common stock as follows:
21,396
Proceeds of the financing will assist
(New York).
southern
'
agreement.
purchased
dian
104,554
Cr535
earned
total
410,481 shares of
Gair
88,229
5,354
1
Jan.
floor
which
BUSINESS—Company v/as incorporated in Delaware
on June 20. 1932, acquired the assets of Robert Gair
The New York corporation had been formed in 19,03
to take over the
paper specialties business of Robert Gair, originally
established in New York City in 1864.
The principal business offices
of the company are in New York
City; its 15 manufacturing divisions
are
located in New York, Connecticut,
Massachusetts, Pennsylvania,
and Ohio.
In addition, the
company has two United States subsidiaries,
post-war
loss
Net
equipment
1158.
HISTORY
125,811
;
Balance
production
April 6, 1932. and
$460,964
65,449
56,046
profits
V-Loan
163, p,
Co.
1942
profits taxes
*1,662,568 sh's.
the corporation owed $6,000,000 under
$23,514
...
Excess
and
dian
1943
taxes
Excess
Machinery
company in financing,
tion of a modern kraft
Co.—Earnings
1944
1945
income
Depreciation
;
"Subject to increase by reason of the exercise of options to purchase
94,000 shares of common stock.
As of Nov.
automotive
$771,967.
Gair
Years Ended Dec. 31—
Outstanding
2,000,000 shs.-
(par
Manufacturing Co., of Cleveland, man¬
shafts for aircraft at this Dlant. The
Gabriel
scribed stock.
•
Fitz Simons & Connell Dredge & Dock
FINANCING
Authorized
Eaton
propeller
will use the plant in the production of
flexible metal hose and brass couplings.
absorbers,
have
for
payable for purchase of securities, $121,385;
payable for purchase of treasury shares, $7,927; other accounts
payable, $12,438; provision for State taxes, $500; capital stock ($5
par), $1,916,370; paid-in surplus balance (as reduced by $532,639 in
special cash distributions to shareholders), $6,436,770; excess of dis¬
tributions from gains over net gains from sales of securities since
organization (debit balance), $480,038; undistributed income, $75,604;
excess
of quoted market values over cost of securities at Dec. 31,
1945, $2,380,074; total, $10,471,029.—V. 162, p. 2817.
Income
EFFECT
and
of
account
broadcasting operations in joint facilities with the' -Tort
Westinghouse Station W0WO as had been done pi*i< r to the
corporation's purchase of the station.
The construction of the cor¬
poration's own studio facilities for this station are now under way
and when completed the station will be independently operated.
"
the
war,
crank
which underwrote the offering by the company
common stock (par $1) to its stock¬
holders for subscription at $6.50 per share
pursuant to
rights which expired on Feb. 26, announce that they
LIABILITIES—Account
on
GIVING
the
of
of
1945
quotations
market
at
31,
account receivable for sale of securities, $52,168; account
sale of capital stock of the
company, $104,383; other
accounts receivable, $13,463; total, $10,471,029.
Wayne
12
subsidiary of Reconstruction Finance
a
Gair Co., Inc.—Stock Offered—Ladenburg,
Thalm;ann & Co. and Lazard Freres & Co. head of a
bonds, $428;
receivable
in¬
Feb.
(Robert)
.
,
priority
taxes,
group
ASSETS—Securities
-
.....
normal
announced
company's lease covers land and buildings with
153,798 square feet and building equipment having a
V,
per books, $7,662,638), $10,042,712; cash in bank, $225,554; dividends
declared on stocks selling ex-dividend, $32,321;
accrued interest on
.
CAPITALIZATION,
pay
was
to
BALANCE SHEET,
:As of Jan. 1, 1945, the corporation took over the operation of radio
station WGL, an AM broadcasting station in Port Wayne, Ind., whiyh
it had purchased from Westinghouse Radio Stations,
Inc.
Govern¬
ment restrictions prevented the setting up of the corporation's own
studio facilities for this station during 1945 and it was necessary to
carry
to
costs,
the
cost,
government
approximately
$7,389,060
cannot
be
used
by
the
Gabriel company, and will be removed
by War Assets Corporation.—
undistributed income.
of
communication
of
tenant
Cleveland,
starting May
to
the
suppliers.
electronic apparatus/ including the manufac¬
ture and sale of railway and highway signalling and communication
equipment.
During 1945 the corporation acquired, in exchange for
31,000 shares of the corporation's common ■ stock, the tangible and
intangible assets of Halstead Traffic Communications Corp. (N. Y.),
one of the pioneers in the field
of mobile railway and highway com¬
field
the
at
years
subject
cost
$174,251
*159,359
$75,604
...
paid
'
?
five
$47,779.92,
maintenance
plant
war
period of
a
of
agencies,
reasonable
company
The
paid-in surplus in 1.944 and in
3945 exclusive of $197,318
charged to paid-in surplus and $418,021
charged to capital gains.
fState taxes only.
?Of capital stock allo¬
cated to income, representing payment for participation in per share
television
as electronic
apparatus I for such special uses as industrial remote control, weather
reporting, and aircraft landing and guiding control) and tubes.
The corporation's postwar program also embraces activities in the
(
for
rental
Government
ufactured
8,509
"211,937
income
"Exclusive
parts from certain
corporation also contemplates the manufacture
receivers,
transmitters and studio equipment, as welt
yearly
area
Total
Dividends
delayed, due to the corporation's
The
'*
Government-owned
a
War Assets Corporation,
Gabriel
8,220
company,
and
During
cf
24,413
of
a
Corporation.
33,201
1,057
30,216
provisions
tax
at
of
by the
beginning
1
Undistributed
inability to secure needed materials and component
at
receipts from sales (less
portion of cost cl repurchases)___
V-J Day,
receivers
By the end of September, 1945, the first month following
corporation had developed and introduced its line oi radio
and radio-phonograph combinations to the trade.
right
lease
above
the
surance
$132,694
$154,916
$232,912
:
of
year
Authorized
Ohio, to
1,
1946,
tax
?Portion of
contracts were terminated
the
of
prior
after the end of hostilities.
shortly
,
income
5,000
income
of year
Adjustment
T
Substantially all of the corporation's war
normal
for year
income
Undistributed
corporation's production of radio
plants therefor,
I
Fed.
surtax—
Net
receivers and radio-phonograph
combinations tor civilian use was discontinued in accordance with
Federal regulations on April 22,
1942.
Corporation was from July,
mo, until the fall of 1945 actively engaged in the manufacture ot
equipment for Government use and, from May 1, 1942, until the
termination of hostilities, its manufacturing operations were virtually
whoiiy unqer Government contracts, utilizing the entire facilities ot its
The
'
taxes
for
Prov.
Gabriel Co.—Leases Gov't Owned Plant—
Federal capital stock and
for
Prov.
corporation's manufacturing operations consisted of the fabriof its completed products, including some of the component
parts thereof.
Certain of the parts were manufactured for the corporation by component parts manufacturers, usually according to the
corporation's design and specification.
The
cation
.
bef. tax prov
yr.,
cqmpany
estimates that of the 1.10,0.00 tons of container board
believes
it
it
will
require
no
annually,
substantial
approximately
part of "which can
85,000 tons
be obtained
the open market at the present time.
In order to supply these
requirements, the officers and board cf directors of the company have
for Several years been considering the construction of a kraft mill t©
;rin
integrate its kraft container operations.
:
As a result of the company's investigations and studies in connection
the erection of such a mill, the company early in 1945 decided
with
to
proceed
thereon
cided
to
a
with the acquisition of a suitable site and to construct
modern kraft pulp and paperboard mill.
It was also der
with the establishment of an organization for, the
proceed
acquisition of timberlands and with the working out of pulpwood conmilt. Carrying out this program, the company
caused the Mill subsidiary to be incorporated in Delaware in May,
tracts to support such a
.
Volume 163
1945,
of
authorized capital of 100,000 shir?* (no par),
issued for $1,000.C00 in cash ar; outstanding
by the company.
The Mill subsidiary is dome?;i:ated in the
Georgia and South Carolina.
""
'
'
With
which
and
of
shares
4
The Mill subsidiary owns a
a
portion
which
of
site, containing
suitable
is
ccnstiTiction
the
tor
approximately 1,490
of
kraft
a
A year ago
acres,
paper-
board
mill and housing for employes,'on the shores of that part of
Santee-Coopcr Project near Orangeburg, S. C., known as Lake
Marion and. in addition, the company has an option to purchase a
suitable site lor such a mill on the Savannah River, about six miles
This site contains about 131 acres.
Because of
its better rail and water transportation facilities and availability of
labor and housing, the Savannah site is preferable to the Santee site,
provided an adequate supply of suitable jndustrial water can be ob¬
tained.
The Mill subsidiary has entered into a contract with the City
of Savannah for such industrial water supply from a plant to be built
by the city, conditioned, however, upon, the acquisition of said mill
Savannah, Ga.
site
by the Mill subsidiary and upon the completion of certain financ¬
ing by the city and the company.
The
Mill
subsidiary
construct
to
proposes
kraft pulp and paperboard mill with an initial
day
per
Fourdrinier
container
The
sites
said
installation of
machine.
board
of
one
on
a
initial
a
450-ton
machine,
lull
at
production, will have an estimated capacity of 135,000 tons
Jrear of kraft container board and corrugating material.
It is esti¬
per
mated
that
the
construction
the
of
mill
initial
will
machine
capital
and
also
to
two
erect
The Mill
after
years
one
or
subsidiary
box
more
owns
the
completion
the
of
shops.
than 17,000 acres of timberlands and
more
holds mortgages of Canal Wood Corp. on more than 12,000 acres and
options on other timberlands in the States of Georgia, North Carolina
and South
cords
<000
kraft
The company
Carolina.
of
estimates that approximately
225,*?
will be required 'to produce 135,000 tons of
board, the estimated output of the initial machine
full production.
Part of this pulpwood will be obtained from
pulpwood
container
when
in
timberlands which the
Mill subsidiary now owns, from additional lands
being acquired, and from pulpwood contracts, cutting rights, and othersources.
In addition. 132,000 cords per annum will be supplied by
Canal Wood Corp. under an agreement, between it and the Mill sub¬
sidiary.
Canal has been in business for over eight years, and in each
the
of
of
four
last
exceeded
shipments
its
years
132.000 cords.
have substantially
1945,
pulpwood
of
Canal has reported net assets on Aug. 31,
$85,985.
with
ment
which
the
the
cords
of
Mill
former
subsidiary,
agreed
pulpwood
dated
sell
to
and
the
15,
by
1945,
latter
beginning
annum
per
May
agreed
date
the
agree¬
terms
of
to buy 132,000
when the Mill
the
on
subsidiary notifies Canal that the mill is ready to operate and con¬
tinuing until May 15. J957, unless sooner terminated in accordance
with
rise
the
to
provisions
the
right
of
to
the
agreement.
is
terminate
the
the
Among
failure
which
events
the
of
give
Mill
subsidiary to
give the aforementioned notice on or before May 15, 1949.
Subject
to applicable statutes
and price regulations the purchase price will
be the market price at the
shipping point f.o.b. cars, trucks or barge.
The agreement may be continued after May 15.
of both parties,
but if it is not so continued
obligated
purchase
to
land
the
from
Canal
purchase agreement hereinafter referred
LAND
PURCHASE
subsidiary also entered
the
Mill
subsidiary
and
timberlands
and
North
quiring
by
in
the
80%
-to come
solely
lands
and
to
secured
the
the
in
May
1945,
15.
Canal
Canal
limited
to
80'4
moitgages.
by
foreclosure
it
Mill
The
will
the
be
enforce
or
thereby,
secured
deficiency
a
The obligation to make such loans continues to the extent
to bring and keep the acreage under mortgage up to but not
exceeding 60,000 acres of pine timberland, except that the total acre¬
mortgaged
release
The
exceed
may
and
substitution
mortgage
notes
60,009
acres
provisions in
without
terms.
If
are
the
by reascn of
the mortgages.
but
interest,
The
of
cost
if
the
mill,
loans
under
to
capital
during
the
and
organization
of
The
and
to
to
be
will
class
stances.
will
for
tioned
Wayne
For
will
chase
will
its
will
36.666
be
made
presently
shares
shares
will
capital
new
class
stock
A
11,666
machine
Fort
additional
Wayne
shares of
$4,000,000 is to be borrowed from
will
said
of
and
Fort
Wayne
The
for
also
production
be
revised
has contributed
company
$4,500,000 for
cost
$1,000,000
of
readily and
more
Boston
class
have
stock.
B
thus
making
equity
better
on
if
terms
offered
at
be
in
to
the
sale
The
for
loans
of
TRUST
Co.
of
1.
York
and
with
the
to
trust notes,
All
(1)
Mill
its
$4,000,000
note,
the
and
be
secured
stock owned
97,695
953,900
National
an
an
Bank
:
income
first
.
note,
due
1966,
int.
each Oct.
1
be
to
are
collateral
a
and April
•
issued
the
to
20-year promissory note, due 1966, int. rate
i V-i % for first four years and 5% thereafter,
Bogota'
note
Common
stock
6%
and
OF
FINANCING
BEING
authorized
100,900
shs.;
portion of
dapital $480,000)
Class A stock (par $100; no
thorized.
and
Class B stock
thorized
allocated
stock
common
(3)
and
—
of
bond
in
notes
55,000
Secured
of
■■
Cost
1961
collateral
at
trust
collateral
note
shares
of
common
portion
stock
pf
au¬
5.500,000
consideration
without
par
value
2,500,000
trust
notes-*—
stock-
common
<
•
iary to
an
to
capital
the capital
and
as
on
allocated
$80,000 to capital
and capital
aggregate of $1,000,000.
77."
http://fraser.stlouisfed.org/
-77...,:,Federal Reserve Bank of St. Louis
~
1954,
i960,
int.
sale
of
surplus
6,000
~
3J/a%
:
OF
par);
par)
:
Lazard
and
12.00%
A. C. Allyn <fc Co., Inc
A. G. Becker & Co., Inc.*
V
12,0.0
5.25
H. M.- Byllesby &
Co.,
-.-'Inc..,
Collin, Norton & Co;—_
-
.. —
~--r- ——
?.40
7;
Riter
77
7
77
$4,314,835
105,924
$4,812,348
$4,420,759
$4,832,326
2,541,000
3,040,000
for
——
_
and
adminis.
—:
Fed.
the
income
and
prf.
ex.
transferred
year
taxes.
surplus-
to
surplus at beginning of year
.
19,978
*
preferred stock
on
common
for
—
680,744
941,878
$7,762,778
$7,505,641
$0.76
7'
,680,744
941,878
$0.71
of
past
surplus at end of year
Retirement
1,150,000
Plan
share
common
8,435,93?
($8 per sh.)
cost
net
annuities
per
7,505,641■
$9:385,400 $10,278,263
(60c per sh.)
stock
estimated
under
$1,879;759 7 $1,792,326
.
—.
years
in
Federal income tax
returns
$3,000,000
1,820,000
cost)
(at
receivable
Mortgages
of
raw
—-——
materials,
1,450;000
Total
-
LIABILITIES--payable
*
■
and
'
accrued
and local taxes,
Dividend payable
'
expenses.——
^annuities under retirement plan
for contingencies
.
15,214,117
322,741
1
1
.
$30,922,760 $31,522,320'
$2,387,321
235,470
taxes
2,557,770
past service
pnDncn
-
636,750
$2,300,853
500.5W,;U;..-;..
' 235,470 7 7,
3,164,923
—
89j,j/d
Reserves
§$8
non-callable, preferred
cumulative
Common
stock
($5 par value)
surplus
tiTreasury. stcok,
7':
5.25
.'a
15,335,546
346,322
421,176
etc.
on
Reserves for estimated net cost of
284,020shs.
/ 1
t
2~74~000
<77 Dec. 29, '45 Dec. 30, "44,,/f
common stock
Fed. income and ex. pft.
Reserve for est.
1,641,924 shs.
2,465,000
1,356.660
4,276,466
98,998
Trade
Accrued State
1,340,146
4,722,459
profits tax—
excess
(Land, buildings, machinery and equipmentPrepaid insurance, taxes, etc.
marks, copyrights and goodwill——
5,500,000
&
& prod-
sup.,
—
Postwar refund of Federal
4,000,000
Dec 29, *45 Dec. 30, '44
$7,259,288
$7,613,335
)
,
-
(•Inventories
5.25
——
Total
stock—
9.077.500
.■-■■7,973,995
JSlon'lln
Pr880,000
at cost
—
-
7'=^,995
rwaKn'wl
Jpr88Q,000
$30,922,760 $31,522,320
7.40,
"After reserve of $75,000 in 1945 and 1944. tAt or below average cost
Co.—5.25
7 or market. (After reserve'for depreciation of $16,218,940 in 1945 and
Wellington & Co
5.25
$15,854,845 in 1944. £ Represented by 90,775 no par shares. !JF-ePreWerthelm At Co.——
7.40
7 seated by 5,682 preferred shares and 25,0j)2 common shares.—-v. 162.
White, Weld & Co
7.40
p. 2147.
Kuhn, Loeb et Co.—
12.00
Spencer Trask
•
5.,25
2.90
r
COMPARATIVE BALANCE SHEET
E. H. Rollins & Sons, Inc.
;
1944
45,190,591
20,052,940
—
4,000,000
—
||
$70,055,879
allowances
—
Cash
U. S. Treasury Notes
(au¬
Co.
.
1945 |
.
End. Dec. 30
47,790,226
21,233,437
2,450,000
Carl M. Loeb, Rhoades &
Freres & Co.—
53 Weeks
lo
$73,338,498
for est.
Accounts
,
52 Weeks
: End. Dec. 29
'
10,000,000
—$6,000,000
7
(authorized 300,000 shs.)—
(authorized 1,900,000 shs.)—.
SURPLUS
EARNED
AND
.
deducting such costs for those
FINANCING
i
INCOME
of the company. The estimated net cost of past service annuities, after
giving effect to estimated tax reductions, was charged to earned
surplus in the year 1944.
(author-
I
-
of
for; estimated Federal Income and excess profits taxes
include $189,000 for each of the years 1944 and 1945, representing that
portion of the cost of past service annuities under the retirement
plan which is equivalent, to the reduction in taxes resulting from
names of the underwriters and the percent¬
of unsubscribed stock to be purchased by each are as follows:
Co.
by the Board
surplus.. -This in¬
the Mill subsid¬
of
rate
principal
amount)
int. at rate of 2%%
capital
"Provisions
*
PRESENT
TO
pre-war
future commitments for flour and
.
Earned
.
allocated
EFFECT
latest
'
adver.
±.
"Accounts
-
the
working
net
*
Earnings
$13,950,000
——,,
were
charged to operating expenses.
service
of
at
Ladenburg, Thalmann &
received
were
"Appropriation
UNDERWRITERS—The
Directors.
was
due
option
incl. profit on sale of non-oper. land
inc.
Earned
;
$6,000,000
$4,000,000)
6 pfd.' stock
($20
Common stock ($1
; On or about Dec. 6., 3 945. the companv purchased 4.000 shares of
common stock of the Mill subsidiary for $400,000 of which sum $320,-
vestment "brought
7
'notes due
trust
notes
an
due
the company's
and collateral trust sinking
principal amount—i„_—
Iubsjldiary of
ized
age
a
'
holds
exp,-—
seiling,
Total
and the
$13,950,000
thorized
Serial
$600,000 $12,000,000
♦Representing
and
'
goods sold
Balance
Misc.
and (2) the
unchanged
a $3,000,000
sinking fund bond,
——
promissory
•
Collateral
to
outstand. 25,000 shs.)
year,
STATEMENT
sales, less returns
of
Delivery,
the issue and sale of
CAPITALIZATION GIVING
(par $100: no fixed div, rate; au¬
36.666 shares;
the books,
en
the previous
Gross
exchange for $1,-
$1,351,400
leaving
r.
1945.
principal amount——
Common stock*i^.4£~--~--~Addition to company's working capital--*-1
Adjusted
shares)
as carried
Earned
under
16,
1941,
for
.
first, mortgage
due
Purchase from MjU
480,000
fixed div. rate;
outstanding
etc.);
; other
Cash dividends-on
Total
L———
taxes
$5,601,737,
.
no
consideration
to
'
PROGRAMS
proceeds of the sale of 410,481 shares of
fund
fixed dividend rate;
shares; outstanding 6,000
par;
direct
'
RAISED—
income
retirement
and
mortgage
Canada,
commission for selling of 25%.
a
with
amounted
COMPARATIVE
APPLICATION OF SAID FUNDS—
$120,000
(no
Toronto,
gating $1,192,860 was charged to operations
and compares with.
$1,347,140 for the previous year. Repair costs, which increased $462,594
dated
subsidiary
Mill
the
of
$4,000,000
surplus
compared
as
'•'Prov.
shares of
notes
7§7;.
bank
indenture
(rust
-
-'Capital
Street,
Bay
371
ASSETS—
rate
Outstdg.
Ltd.—Registers With SEC.—
materials were not above replacement market prices at the
close of the year.
•
*,
- <
*
<
Capital additions and improvements to plant and property amounted
to $2,018,089 as compared with $593,889 in 1944. Depreciation aggre¬
1, begin¬
the company of Gair
by
promissory
AND
40-.vear
Retirement
p.
$9,540)i56. Inventories of raw, materials and products $3,057,652 and
supplies.$i,664,807 (including,.-wrapping materials, advertising supplies.
a
Total
of
sale of
etc.
gorup.—V. 162,
$73,338,498, the highest in the history of the company.
Direct taxes, including provision for Federal income and excess
profits taxes, amounted to $3,951,638, equal to $2.51 per common
.liabilities
mature April 1, 1966.- The
the 3V2 %
notes is the pay¬
for
notes
by
Proposed sale of $10,000,000 of
.
.
.
underwriting
the
year, of $2,178,290, equal to $1.37 per comon share.
Current assets at the close of 1945, including cash $7,259,288 and
U. S.. Treasury notes $1,820,000,
amounted to $15,141,893.7 Current^
issue pf $6,000,000
aggregate principal
$1,500,000
for
further plant
Gatineau Power Co.—Partial Redemption.—
The company has called for redemption on April 1 next $320,000
share,
of
to
are
plan of recapitalization1 dated Feb.
redemption
for
equipment,
General Baking Co.—Annual Report—
Approximate net amount raised in 1945 financing, consist¬
ing of
(1)
issue of 97,695 shares of preferred stock
10X00 shares of common stock were issued on or about Dec. 6, 1945);
sale of 45,000 additional shares of the class A stock and of 25,000
shares of the class B stock, are as follows:
*
promissory
Daniels,
Profit
FUNDS RAISED
the
20-year
heads
Chicago,
Cash dividends
and
proceeds
George L. Morrison, President, on Feb. 14, stated in part:
Net sales for the 52
week fiscal year ended Dec.
29, 1945
table summarizing, in round amounts, the net funds
and. being raised by the company, together with a statement
purposes for which such funds are being used, viz.:
the
the
machinery,
first mortgage 3%% bonds, series B, due 1969, at 102 V2 and inter¬
Payment will be made at the Bank of Montreal, in Montreal,
Toronto, Halifax, Winnipeg or Vancouver, Canada.—V. 163, p. 192;
V. 161, p. 1094.
provisions of two
with the Mutual
First
notes in
16
on
serial
SUMMARY
Following is
of
of
of
1966.
the
exchange
share
additional
for
heater,
Co.,
their
for each 9 shares held.
new
its
use
*
33,720 will be first
preemptive rights,
,
waived
expansion, - Including the development and
Total
Port
.
company
est.
After-acquired stock and other after-acquired property of the
company with certain exceptions set forth in the indenture.
raised
\
The company March 4 filed a registration statement with the SEC
300,000 shares of capital stock.
The price to the public will be
50 cents per share.
1
shares
Net
promissory
will
brokers and allow them
between the company and Old Colony Trust Co., trustee,
be pledged:
1,
7
'
"777^:777^)777
Mark
in
subsidiary.
$4,000,000
The
April
&
will
the
of
share of
one
company
over
2?A%
of
will
1946,
',
on
300,000 shares of capital stock of the company.
His plan of
distribution is to allot the stock optioned by him to different American
.
value
face
which
283,455
$1,001,080
for
cash, against the bank's advance in current
New York funds,
and will be dated April 1, 19*16.
The 2%%< notes
are to
bear interest at the rate of 234% per annum and will mature
serially as follows: $175,000 on Oct. 1, 1946, and on each April 1 and
Oct.
1
thereafter, to and including April 3, 1950; and $325,000 on
Oct. 1,
1950. and on each April 1 and Oct. 1 thereafter, to and in¬
cluding April 1. 1954.
1.
ratio of
Garthack Mining Co.,
*■
1954.
notes
223,670
$1,350,965
stockholders who have not
to
2641.
1946,
22,
the
will concurrently authorize
by the company
$4,000,000
The
£23,670
340,147
'
7
720,014
$1,508,205
$1,527,477
$1,770,557
p. 1158.
1,001,080
340,147
,
surplus
Hickey
$10,000,003,
NOTES—Pursuant
New
dated April 1; 1946, and
sinking fund requirement
their
for
machine's entire output.
of
226,343
automobile
an
business.
its
$250,000
Oct.
a
The
with
collateral
of
ning
debt, capital stock, and capital surplus of the Mill sub¬
of Sept. 30, 1945, and as adjusted to give effect as of that
as
divs.
19,000
$788,191
•;-
$1,914,782
$2,091,294
223,670-
divs.
improvement and
the above men- >
of $4,000,000.
to
April
provision
1,527,477
'
54,979
$913,702
equity
new
the company
3>/2%
are
option to pur¬
The remaining
an
surplus
.
other
among
for' use
tinder
and
earned
1,350,000
-
$740,329/
1,350,965
,
340,435
1,816,500
20,744
$469,423
being sold by certain stockholders.
Of the 80,000 share3 to. be sold by the
held by Mutual were paid off at the same time.
The
obtained commitments from Mutual and from the First Na¬
Insurance
ment
in certain in¬
The company
$4,500,000,
1,670.500
3(fo,818
are
purchased by Mutual 4for
be applied simultaneously
to the retirement of the $3,000,000 first, mortgage and collateral trust
'sinking fund bonds due 1961, now held by Mutual.
The notes pur¬
chased by Mutual are to bear interest at the rate of 3Vi % per annum,
10,000 shares of the new class A stock for 10,000 shares of its presently
common stock (4,000 shares of the presently outstanding
OOO
and
CrlG8,l84
7
The company Feb. 27 filed a
registration statement with the SEC
'for 200,000 shares of common stock (par $3).
Of the total,,120,000 shares
This
$12.is to
$6,000,000 of 3>/2% notes are to be
$6,000,000 in cash, of which $3,000,000 will
outstanding
of
ton
per
upward to
Crll5,605
18,633
334,798
7
:
.
Galvln Manufacturing; Corp.-—Registers With SEC.—
;
The
the company.
purchase 40%,
the
to
588,488
w.;7-,,'.7:V7
1,025.000
exp..»
L—
—
:r:V. 163,
(the
funded
sidiary
date
will
addition,
program
'265,971
237,318
14,000
Profit
to the Mill subsidiary secured by a mortgage
properties which, in turn, would be pledged by the
together
amount
Wayne and
the sale of the intial
the
117,900
$2,917,930
v,
to loan it
borrowed
Boston,
the company have entered into an agreement with
respect to the financing of the Mill subsidiary and also providing
for the purchase of the entire output of the Mill
subsidiary's initial
machine for a period of 20 years, of which the company will
purchase
60%
machine
450-ton
$2,800,030
138,290
$3,296,365
165,265
75,000
320,000
—
taxes
"taxea
Earned
mortgage
COLLATERAL
Life
shares of common stock (no
class A stock and will purchase
the
the
substantially similar agreements dated Jan.
working
have
inc.
Preferred
things, upon the company's raising at least
capital.
The company proposes to raise this
additional funds, by. the sale of the common
stock now offered.
This will provide the $500,000 required to permit
the company to buy the remaining $4,500,000 of the stock of the Mill
subsidiary and will also provide the company with additional working
purchase 25,000 shares of class B stock for $2,500,000.
of five years after the commencement of the operation
initial
Fort
All
777'; ',*}(jj <;'r77
$1,996,900
have
$2,000,000 in
commis¬
55.000
for
Previous
could be obtained on more favorable terms
borrowed by the company, rather than by the Mill
Therefore,
the company decided 'itself to borrow the
conditioned,
10,000
the
of
E.
class
;
of which $3,000,000
will be used to pay. off the bonds and $4,000,000 will be loaned to the
Mill subsidiary,' leaving $3,000,000 in cash for the company (in addition
to the $500,000
in cash which the company still has available from
the previous program plus $500,000 of working capital).
The loan is
supplied
(Ind.).
voting powers where,
for voting by classes.
held
of
shares
be
except
powers,
10,000
period
a
the
of
Co,
$100), of which
(par
•r
bonds
(3i
stock
common
and
A
be
te
hy
ProV; for exc, profs, tax
Renegotiation — net
of
were
Bank
tional
carrying charges
has already been
$1,000,000
is
Paper
installation of
In
collateral for the loan to it.
The company. and the Mill
entered into an agreement dated Jan. 22, 1946. pro¬
as
company
the Mill subsidiary will be amended changing its
Paperboard Corp. and changing;its-authorized stock
and
additional
45,000
$1,000,000.
the
subsidiary
be
could
(2)
provision
exchange
par)
Mill
by the com¬
The certificate
shares of
rights
same
and
and
retired
notes
Prov.
for such loan and mortgage and for other appropriate action
carry out the southern mill program.
The company also determined
through conferences with lending institutions that the additional funds
necessary
ann
$2,030,000;
expenses
Sll.ooo.ono
Corrugated
of
cost
by
money
principal
Agreement
Corp.),
♦
80,262
prinof income
over
Prov. for finane.
to
operation
and
cost
of
cipal amt.
viding
of
Southern
91,666
Purchase
Wood
development
period,
Wayne
incorporation
name
Canal
remaining
Fort
Land
Wood
of
and
construction
furnished.
pany
Canal
expenses
raise
the
subsidiary
together with adequate provision for
working capital, is approximately $12,000.0%. allocated anproxi'^nteiy
as
follows:
Plant and
equipment, $9,000,000; timberlands (including
sions
the
made
additional
$4,000,000 and
all
machine
initial
the
income
Common
desirable.
which
an
subsidiary.-
timberlands.
of
acreage
and
total
of
to
was
the
estimated
$3,022,322
$3,158,075
■
capital and Fort Wayne
is tp contribute $2,500,000.
The Mill subsidiary will raise the balance
-of $4,000,000 by a mortgage on its properties.
This revised plan neces¬
sitated the company's raising $1,500,000 more than under the original
plan.
Later it developed that the $4,000,000 which the Mill subsidiary
pulpwood purchase agreement is extended after
May 15, 1957. the Mill subsidiary agrees to extend for the same period
all notes and mortgages without interest.
minimum
the
contribute
unpaid balances
on
the mortgage notes shall be applied in reduction of the purchase
price.
If Canal arbitrarily defaults under the pulpwood purchase
agreement, the Mill subsidiary has an option to purchase upon the
same
the
000,000,
subsidiary agrees to
for its security
necessary
of
Exc.
,
larger machine would be less than that of the smaller.
the
judgment.
age
subsidiary.
109,300
,7
-V/;'"'."•,■■■■
Total other, deductions.
$1,000,000 of
the stock of
of
•caused
evidenced by mort¬
notes
seek
not
the company's other working capital.
since been used to buy 10,000 shares of
$2,913,022
77,617
$2,148,950
other:income—
Total
.
1942
.
$2,071,333
c—
H
mortgages
the
of
.Total
interest of $4,000,000
machine)
appraised value, and
loan would be limited to
to
Trading profit
;
of
balance
the
initial
the
of
acquired the
Said loans were
property covered by
the unpaid balances
Mill
»daymachine
lands
pulpwood
on
an
that
the original plan was revised.
The other corporation
(referred to above) decided not to participate.
Meanwhile, Fort Wayne
had: become interested.
The requirements of the company and Fort
Wayne substantially exceeded the estimated output of the 350-ton per
land
and
would also acquire
and
mill
exp.i. -
gen.
1943
$27,640,324 $26,576,096 $23,633,021
17,705,859
22,618,032 r. 21,197,442
18,772,201
1,759,943 - 2,115.285
2,217.356
2,057,377
>
273Pr6,015,'y
3,223
3,413
Prov. for doubtful accts.-
"
Years Ended Dec. 31
1944
$21,537,408
sales--.-.-:----. 5'
of
Adm., sell. &
of
cost
customers.
Subsequently,
the terms of which
by
funds
agreement
estimated
from
has
amount,
thereafter
payment of
in the event of
and
the
were
cash
the
by Canal in the States of South Carolina
loan Canal money for the purpose of ac¬
future. * In the case of lands then owned
purchase price.
notes
Jook
in
to
an
loan
to
held
and
leans
of
the
gage
and
iands
the
case
of
agreed
then
Carolina,
such
Canal
into
provided
total
a
to
sales
Cost
$1,500,003 would be
borrowed.
In order to raise its share the company sold to the Mutual
Life Insurance Co. of New York $3,000,000 first mortgage and collat¬
eral trust sinking fund bonds; due 1961, secured by a mortgage on
most' of the company's tangible property and by pledge of certain
assets including the stock of Gair Bogota and (subsequently) the Mill
subsidiary.
Mutual also agreed to purchase an additional $2,000,000
.of these bonds on or before April l
1946, conditioned on the company's
obtaining at least $2,000,000 additional equity capital.
This condition
was met
by the exchange of $1,953,900 of the company's 40-year 6%
income
notes
for
preferred and common stock.
In retiring unex¬
changed notes the company paid $1,418,970.
This financing left the
company with about $1,500,000 additional cash and the right to obtain
$2,000,000 more.
The balance ($500,000) of the necessary $4,000,000
to.
AGREEMENT—On
Mill
1957, with the consent
the Mill subsidiary is
as
proposed
company
an
at
expenses
necessary
9 Mos. End.
Sep. 30,'45
.
Net
.
the
on
PULPWOOD PURCHASE AGREEMENT—Canal entered into
other
lieved the other corporation
^in
this
least
and
$9,500,000.
The estimated annual output of this mill was 105,000 tons
of which the company was to take 7o,000 tons and another corpora¬
tion (not Fort Wayne) 30.000 tons.
The company at that time be¬
financing pro¬
gram and that the Mill subsidiary will probably not attain full pro¬
duction with the intial machine until one year thereafter.
At a later
date it is planned lo add to the mill another machine with facilities
lor .bleaching and/or improved processes of wood pulp manufacture;
at
f'$ <-,'J*''/■ «<•■»
> •
• '-V
;
in a new soutnern kraft mill.
The plan then under consider¬
contemplated the initial installation oi a 350-ton per day Fouraiinier container board machine and provision for timberlands, working
was
quire
interest of $4,«;
an
ation
re¬
ana
CONSOLIDATED INCOME STATEMENT (ind. Domestic Subs.)
the company was planning to acquire
600,000
,
the
above
1283
FINANCING PROGRAMS
presently
a
10,000
held
States
^HE COMMERCIAL & FINANCIAL CHRONICLE
Number 4471
*
THE COMMERCIAL & FINANCIAL CHRONICLE
12 84
STATEMENT FOB CALENDAR YEARS
INCOME
1945
20.321,717
Zu,800,431
*S'JS'I7S *2!'SHSi
2,290,077
2,692,750
128,327
112,500
10,933
446
$2,635,788
117,952
$2,439,167
24.497
$3,381,792
$2,6-17,836
$2,463,664
$3,381,732
1,327.418
1,186,494
312,000
1,773,828
350,000
$965,170
350,000
$1,295,964
350,000
591,228
591,228
945,964
$1.33
$1.30
$2.00
adm. and gen. exps._i—_
Employees retirement plan expense
(net)
expense
Balance
Profit
—
Total
prov.
profit
for
taxes
for
,
——^—-
esti.
Provision
Net
properties
sale of secur. &
on
income
on
312,000
contingencies-—-----
$978,418
income
Dividends
on
Dividends
on
Earnings
preferred stock
common stock-
%'•,* including
1944,
share——
common
per
DEC. 31
1945
$1,419,188
350,000
CONSOLIDATED BALANCE SHEET,
Cash
*U.
securities
Government
—
-
-
„——
S.
————
receivable
1 Accounts
inventories
{Sundry,
Goodwill,
#
*—
—
—
assets
——
trade-marks, patent rights,
etc.
(Land, buildings, machinery, equipment, etc.—
Cost of license to use cigar machines operated
-i under lease and royalty contracts (portion
unamortized)
ii—
Deferred charges to operations
50,441
—
payable
payable
Accrued
of
Accrued
the
for estimated
Provision
insurance
reserve
reserve
taxes,
and
withholdings).
638,295
1,400,336
income...
taxes on
-
—
($1
The preferred stock
accrued dividends
par).
ifi
certain
200,000
Bank,
York.
3,899,658
Trust
Transfer agents
events.
and
for
stock,
common
3%
$30,157,038 $30,747,345
Total
1944 and $250,000 in 1945 on deposit as collateral
*$1,000,000 in
in
taxes
$2,190,121
in
1944
§ After reserve for depreciation
in 1945.—V. 162, p. 3072.
of $135,000,
1944
$2,204,096
and
General Instrument Corp.—Adds
GIVING
the
for
war
General
the
manufacture
Instrument
aviation
of
EFFECT
additional
an
.
121,000
.7
assemblies
feet
square
,,Vv
of
On
stockholders
The
(dividend
The
to
and
offer
on
give
operating
and
of
U.
involves
General Public Utilities
corresponding
It
1946
Operating'revenues—
—V.
163,
(B.
1158.
p.
F.)
Co.—Unit
or
"
1945
West
on
,
Feb.
IS0,
14
all
thp
^Goodrich Co., Mr; Richardson said.
of
the
board
cteir. who is Chairman
of
of
the
new
the board
of
small
a
a
(Mich.).
-
"Oravson's"
Grayson
stores
under
secured
L
Wi'low Bun
as
with
and
In
cities
principal
of
registration statement
with
agreement.
'
$8,0C0,C0J of
lixturts; $2,500,000 for machinery
for
for
1944
of
earnings
deducting
21,394
1945,
it
Net
.
*.
:,
■
■"
!'
—No.
*
*
Courts-&
the SEC
"
_i_/.f.(i,coo
—
.
Co.
First
Colony Corporation
Higbie Corp.
gHirsch & Co.
Johnston, Lemon & Co._
Laird, Bissell & Meeds
Maxwell, Marshall & Co
'
.
6i Shares-
j 7,500
2,000
;
3.500
1,750
"I
"
7"""'
_■
z
1.500
1,500
1,500
2,500
2,500
3,500
:
2.000
1.500
Z~"*'
2,500
1,500
tX
1.500
-
1:500
all
shares of its
in the hands
then out¬
the
of
on
the
to
which
funds
the
stock
common
with
the
otherwise
of
that
have
been
Alter
company.
transactions
during the year, the
31, 1945, consisted of only
183,403 shares of common
Dec.
and
The
of
might
stock
common
stock
various
Tool
Geometric
five
of
exception
the
provision set
profits
for
the
been
not
is
Co.
owned
qualifying
directors'
The amount of any
undetermined, as renego¬
corporation.
that company.
by
up
1^45
year
commenced
still
is
either
for
STATEMENT
INCOME
CONDENSED
1:1945
1944
1943
$4,338,897
$3,964,952
$4,752,162
2,025,170
1,683,724
1,670,859
$2,313,727
$2,281,228
$3,081,304
i&.JaO
41.Z42
3l.,oa4
$2,349,117
Dec.
$2,322,470
$3,112,938
31—
expenses-
income
$6
to
for conting.
100,000
200,000
$422,751
$442,811
81,924
1*14,582
125,525
16,737
18.198
104,806
36,496
72,965
______
______
.
—T
dividends—.™
$1.50 preferred dividends
Common dividends
prior preferred
Employees'
of
1,500
7%
"
stk.
subsidiary
6,386
>
"After
deducting postwar refund of $75,000 in 1944 and $180,000
in
1943.
tlncluding refund due to renegotiation.
^Consolidated
statement, including Geometric Tool Co. acquired in December, 1944.
CON SOLDI ATED CONDENSED BALANCE SHEET,
%
i 1944
$2,109,747
1,261,015
.
receivable
Accounts
U.
S.
to
(less
profits
excess
1,851,818
reserve)
refund
tax
(due
bonds
•
;•
■
'
Jan.
1946)
1,
Claim
for refund
Other
current
Inventories
of prior years'
Federal
taxek
6,135
*
—
2,538.212
275,428
6J,8j2
—
c»?
—
« mauraoce...
*otal
2,032~642
facilities—
charges
postwar refund of excess profits taxes <est.)__
Cash surrender value of ihsuraiice__u__—_—
;
237,608
.
_______
plant
(Emergency
1,629,918
1,517,268
—
Property, plant and emih*n*>nt (less reserves*
preierred
319.271
256,567
assets—
1
Treasury stock
*
-€8.479
-
437,919
40,a03
35,905
$8,234,289
$9,191,171
-
xL'iA,,.;..
-
a,
-w
LIABILITIES—
payable to
payable
—.—
taxes
Advances
.«.
—
from U. S. Govt,
—
on
332.339
$270,603
109,705
97.219
178,621
Accrued payroll,,
Accrued
£165,511
bank_____——__—.—rV--
Accounts
108,745
300.000
sales contracts—
sinking fund note_—'
8457000
for Fed. inc. it exc. proiits taxes (est.)payable to bank-:—-•_-«Reserve for conting. & postwar adjustments—
1,607,374
15-year 3 % %
$ Prov.
(no par)—/
Preierred stock of suosidiary
Surplus
«nn
1,934^033
f.Captial stock
>J-'
*"
2,288,954
...
to
secure
$8,234,289
(After deducting U. S. Treasury tax notes
.
(Virj
2,126,531
$9,l91f17L-
by U. S. Government
reserve
for-amortization of
advances
iS44,t; (After, deducting
193,984
3,242,304
nr,.(»50
-
—
restricted
1,576,488
:■
Notes
1944.
:
DEC. 31
$2,742,725
1945
"Cash
cash
and equipment
450.127
2,020.000
$410,314
& postwar adj.__
profit
preferred
239,720
1,560,000
323,803
(1,615,000
renegotiation™
prof. tax.
inc. & exc.
L
.
com¬
outstanding shares of the employees' prior
Geometric Tool Co. were either purchased or
income
Notes
7^00.
tv.
2,000
-
S
—
Carlton M.
companies
1,161
profit from sales
Net
a
'
Co.——____—
those
of
"Prov. for Fed.
.
leased
are
-
.
>'
&
two
the
until
with
The
Prov. for refund
California,
.
acquired
preferred stock, which amounted to only
10,697 shares which during the year had
shares of common stock.
In November
Other deductions J*
CNDEBWRITORS-TOe
^underwriters—The -nam, of each ondarwl.ar ,na thft number'V
name of each underwriter §nd the, number •
0 snares which each has. agreed to purchase are e&;.(ohows: \ '
01
.r®s
" ®acl1 has
as*toliows:
~ Y ^
Emanuel
the
as
use
Ended
Gross
_
.
not
was
consolidated
redeemed
the
special
not
and
$410,314.
to
available,
not
are
were
renegotiation
amounted
subsidiary,
profit from sales
Other
name
the production of the
follows; -$3.500.000
including
taxes,
corporation redeemed 9,004
18,004 shares outstanding
6,
Selling, general and adm.
New York and Ohio.
At the Grayson and Robinson stores, merchandising is devoted to volume distribution -of popular-priced women's
clothing and accessories except for shoes, gloyes and millinery. Some
these stores also sell children's clothing and accessories.
Among
Rrt,fi at
RemS sold at these stores are dresses, coats,,< wraps, hosiery,
lingerie, housecoats, robes, blouses, sweaters, skirts, jackets, sportswear, handbags, legging sets, pinafores, lumpers and a variety of
_
stock
for depreciation,
provision
after
profits
owned
of
COMPARATIVE
de-
a
under the
■—-7.-^
convertible
Of the proceeds, $2,500,000 will be used to
pay in full the note of the
rbrporatu-n in such amount to Bank of America
National Trust &
Sfevjngs Association. Alter payment of this note, the
expended In connexion
City
of
Berger had
company.
ASSETS—
itNnFRWRTTi?Rc__'rhft
A
an
lu1 K- PUlto a proposed standby
fat
As
to independent merchants.
**
rttly estimates that approximately
York
Ltd.,
debentures due March 1, 1956.
indeterminate number of common shares
re"erved icr issuance upon the conversion of the
debentures, and
15,000 shares of common, which shares
may be issued to Allen & Co.,
covered
1945,
earnings
the
out
the
the
has
Years
the
to the
(N. ,Y.).
"Robinson's,"
name
New
S.
dividends
for
than
Gross
28, 1946, company acquired
in) the outstanding debentures
Inc.
block
a
Samuel
management. Mr.
succeeded
by John
B.
was
the
charges,
1944
Dec.
corporation,
tiation
Feb.
the
located
are
Graham-Paige Motors Corp—Registers with SEC-
a no
its
The
into
of
the
by
^(excessive
company and-such subsidiaries now
stores, of which 28 are operated under
Allen & Co.—-1
$12,000,000 4%
the
less
v»
as
British Tire & Rubber C
>er Co.,
.
itm
wholly
convertible
stock
All
Prov,
Square,
that
by
Renegotiation proceedings were concluded in 1945 with respect to
the year 1944, and no refund was require'd of the corporation.
Renegotiation proceedings for The Geometric Tool Co. for the year 1644:
were
also concluded
in
1945 and
the refund
required was slightly
with
accessories and in two of such stores millinery departments
_«
*
...
distillers Co.!
of the board of Distillers Co.,
Ltd.; Maj. C. J P. Ball. Managing Director of F. A. Hughes
.v.,"*,-";;.
-vi * ,
n.
Co., Ltd*/,
Co,-.: Ltd..i/
hho H. H
Woolvcridge. Managing Director of British Resin Products
LW.—V1P3. p. 1158.
The statement
On
of
a director,
York, were
New
be
conditions permit,
as
SinSin
Sir
^Jsood and^C,^ G. Hayman, membej-s
a
together
-proceeds,
1947.
shares.
Oregon and Washington and the Robinson stores are located in -prin*
;;:cipal cities of Illinois, Iowa, Maryland,. Michigan, Minnesota, Nebraska,
hers: include
filed
net
minority interest
Klein On The
chain of 45 retail
name
The
*
is
rdson
The company on Feb. 21
will
Co.,
lirst
the
number
corporation's
and
of
excess
figures
1945,
after
effect
stock.
capital
used
outstanding
alrond
Walrond
company
board
capitalization of the corporation at
shares of $6 preferred stock
cf "S. Klein On The Squ
.
F,
the
BUSINESS—Company, formerly known
lhe nam« '.'Grayson's," :17
-
B.
the
of
partment store which is operated in
__
of
balance
capital stock of S.
operate
•
British company, with capitalization of
500,000 pounds
$2,010,000- will engage in the production and sale of Geon
.,
,
__
— - —
in the United K.ngdom,
Geon is a discovery and develop-
Chairman
board
the
to
9,000
and $450,000
&
announced
the
on
other
and
On
December
giving
result of such acquisitions, the
"
(about
The
Apparel, Inc.
(except
Q and
Ltd., for the manufacture of plastic
the United Kingdom—by B. FZ Good-
materials
the
and
stock,
$1.50
.available
the company's 3% note to Walter Kirschnenfor the purchase
the remaining 50% of the outstanding capital stock of that
Women's
and Distillers Co., Ltd., of England—was announced
W. S. Richardson, President of B. F. Goodrich Chem-
by
16,
converted
redeemed
The Gray¬
son Shops Inc.
(of Calif.), was organized in California March 11, 1932,
Present corporate name was adopted Feb. 14, 1946.
On Dec. 21, 1945,
the company acquired all of the outstanding capital stock of Robinson's
^Organization of British Geon,
materials
in
of
of
the
formerly
Bragg,
Anthony
recently
close
earnings for
Co.,
public.
National
HISTORY AND
„
copolymers
E.
in
in
outstanding prior to the stock dividend of Dec. 20, 1945.
Sept.-
preferred
purchased by the company; 10,000
preferred stock ($100' par), authorized, of
increase
Thomas
They also
from
beginning
After deducting dividends paid
preferred stocks, the balance applicable to the common
the corporation was equal to $1.84 per share on the 174,676
shares
by
March,
an
Tucker,
Comptroller
all
year
the
working
corpoa-ation.
in
Co.
of
in
meeting
the
on
standing
been
replaced working capital, will be devoted,
purchase of inventory for existing stores.
*
Forms British Company to Produce Geon Materials—
bh
Chase
price
..
■
and
cumulative
to prepay
The plant will have
storage facilities for more than 30,000 gallons—
the equivalent of 150,000
pounds of dry rubber
Chemical
8%
have
Tool
of
Bank; approximately $188,288 will be used to
capital which, together with the proceeds of the
expended in the purchase of all (except a small minority
interest in* the outstanding securities of S. Klein On Tne Square, Inc.,
and in the payment of $50,000 to Herbert D. Stone;
$900,000 will be
used to replace working capital expended in the purchase from L. Alan
.
rith
of
replace
manufacture of all types of latex products,
i-Uch as rubber-covered metal
articles, rubber sundries, cord dipping,
paper And textile coating and impregnating, and
casting and molding,
in full production it will turn out about.
4,000,000 pounds of finished
Ifetex compounds
annually.
A complete'■ tesUng'Taboratory wilf"be""in-■
tJuded.
'
„
$18,000
approved
nine.
from
and
earnings
preferred
456
additional 50,000 shares;
an
annual
Wednesday
interest
and
$6
The
but
by
the
of
with other directors reelected.
corporation.
of
On
above loan was
Anode.
use
stock
Square, Inc., a subsidiary of the company, has
20-year 8% debentures, authorized and outstanding, of
of
Directorate
and
however, amounted to $497,753.
shares
PURPOSE—Company will receive from the sale of the above shares
approximately $3,902,275 in cash.
It is presently
anticipated that
$2,241,000 will be used to pay a like amount borrowed on Feb, 28, 1946,
$3a8,755
Plant
the
which 2,000 shares are outstanding, all but 45 of which have been
purchased by the.company; and 14,000 shares of common stock (no
par), authorized and outstanding, all but 916% of which have been
purchased by the company.
v
'
■
the
authorized
6
date
to
income
that
1945
in
the company has outstanding
principal amount of $450,000,
On
Corp.—Stock
Report.—Donald G. Millar, President, on Feb.
part as follows;
for
in
bined,
per
all
from
1946
to Build
of
presently contemplated that the note will be
net proceeds of the sale of the shares now
the
shares
Inc., of Akron, Ohio, a wholly-owned subsidiary,
will construct a
manufacturing and processing plant in Los Angeles,
Cfelif., expected to be in operation late this year, it was announced
hh Feb. 21 by B. F. Stauffer. President
of the company, which makes'
fhbber products by electrolytic
deposition of latex.
The new unit, Mr. Stauffer
said, will serve the West Coast in mak¬
„
is
late
annum,
per
52,132
represented
consolidated
Geometric
from Chase
payable within 60
sum
40,989
President,
resigned
Comparable
secured by $1,241,000
81,000,000 of U. S. Treasury savings
1%
and
bonds
that
in
Harrison-and Gertrude K. Harrison of 50%
stock of Robinson's Women's Apparel. Inc.,
£ODastr~£ £,X;"7;'
ing latex mixes for
note
tne rate of
which
.
Goodrich
American
its
23,074
Die
Payne,
group
Secretary
The
$2,241,000
borrowed
company
$212,172
£2,067
"
$330,310
$46,175
It
of
warrants
the
issued
1643
79,477
March
on
seven
acquired
reserves
its note, dated Dec. 21,
bearing interest at the
annum, payable in 18 equal quarterly installments to
30, 1950, the first such installment being due March 31, 1946.
presently contemplated that the note will be prepaid with part of
the
3%
$800,000
—Jan. 1 to Feb. 1—
1945
$w,i50
C.
exercise of such warrants and
was correspondingly reduced.
upon
1944
$240,943
64,952
19,788
&
the
B.
Millar,
a
Annual
shares
42,530
1945
.$238,358
bringing the total authorized to 300,000.
board,
G.
by
Roys,
;
a decrease of 4,573,285 kwh.,
of 1945.—V. 163, p. 1158.
—W**k End. Feb. 21—
1946,
and
part
Klein
S.
Georgia & Florida RR.—Operating Revenues.—
Period—
28,
addition,
is
the
to
D.
held
been
of
from
Frederick
added
Farmers
conversion of
and
RR.—Earnings—
56,949
to the fourth
stockholders
also
amortization
price
12.07%
1946—2 Mos.—1945
$236,818
Tap
stock,
50,000 shs.
conversion
29,263
$242,794
income—
change
directors
and
the net proceeds from the sale of the shares now offered.
Corp.—Weekly Output.--
weex
to
-532,470 shs.
32,530wts.
for issuance upon
45,000
$419,403
1946
stockholders
The
si,000,000
42,530wts.
59,055
$638,881
1946—Month—1945
Wednesday
and
In
output of this corporation for the week ended March 1,
from the
initial
issued
Government
1945, 'in
the
p46, amounted to 121,350,422 kwh„
8-S%
25,149
oper.
50,000 shs.
par)—
—
the
outstanding
with
rate
outstanding preferred
for
shares of a new $4 dividend convertible series of
preferred stock, plus
shares of common stock, together with the waiver or surrender of all
faccrued dividend arrearages,—V. 163,
p. 651.
The electric
ex¬
779.
1,000,000 shs.
(no
shares reserved
at
were
Bank
series
paid
an
of
and
Grant Ccl—February Sales Increased
19 said in
warrants
674,153
1158.
common
Outstanding
$1,000,000
60,689
1,105,900
1,607,866
163, p. 780.
The
offered.
Corp.—Exchange Approved.—
exchange
of
S.
notes,
.
March
permit
stock
days with interest at
4 approved a revision in the company's
exchange offer to holders of present $6
$5.50 dividend preferred stock,
»
amendments
of 69,500
Feb.
National
June
•'
1945—i
par)
purchase
stock
number
Since V-J Day
General Public Service
(SI
preferred
common
the company has also added 50,000 square feet to its
| fP&in plant at 829 Newark Ave., Elizabeth, N. J., which now totals
VPSO.OOO square feet, and acquired the F. W. Sickles Co. of Chicopee,
Mass., producers of colls for the electronics industry.—V. 163, p. 1158.
-
141.232
Greenfield
FINANCING
PRESENT
TO
46,971
63,155
68,491
Increased—
reserved for issuance upon exercise of stock purchase warrants expiring
April 30, 1948, entitling the holders thereof to purchase an aggregate
of 42,530 shares at $7.50 per share, subject to adjustment in certain
events.
Between Dec.
31, 1945, and Jan. 25, 1946, 7,605 shares of
New Facilities—
ignition
pfd. stock
conv.
stock
"Exclusive
of
dated May 3,
stock
Common
Ehe corporation announces the third major step in Its post-war ex¬
pansion program with the purchase for cash from Defense Plant Cor¬
poration of a three-story brick industrial plant, plus the adjoining
boiler house,
storage and : shipping buildings and railroad sidings at
72o Frellnghuysen Ave,, Newark, N, J.
The premises were used during
Ihfe
cum.
Common
payable; (Including miscellaneous accounts: 1944, $64,504; 1945
$105,822, after reserve for doubtful accounts of $200,000 in 1944 and
$200,000 in
1945.
(Including estimated post-war
refund of excess
profits
bank loan,
$2.25
for
rotes
v;
ry.
—V.
Co.
CAPITALIZATION,
5,598
railway
railway
from
Berger
1,000,000
8,936,536
13,679
from
Net
and
adjustment
Bank
City
Authorized
,
7;666
260,522
excess
$486,573
T.)
Net
for preferred stock, Chase National
stock, Guaranty Trust Co. of New-
common
Registrar for preferred and
$1,053,872
taxes
been
York,
New
$1,639,057
$11,971,139 $10,682,104 $23,467,334 S21.431.623
voted
5,298,410
$2,387,974
taxes
inc.
Fed.
163, p.
of
5,000,000
206,387
$321,145
deducts..
Fed.
163, p.
Gross
1952;
to
$847,484
215,978
Green Bay & Western
at
taking each share of the preferred stock at $50, subject
$1,423,079
247,582
January—
at $51.50 per share if redeemed thereafter and on or
before Feb. 1, 1953; and at $50 per share if redeemed thereatter, plus
accrued dividends in each* case,
Convertible at any time on or before
the fifth day prior to redemption into common stock at $36 per share,
1,
$2,140,392
83,341
—
was
per share
and
at $31 per share.
4.496,486
$837,803
Period End. Feb. 28—
stock
notice,
200,000
preferred stock ($100 par)
stock'(472,982 shares, no par)
Capital surplus
Special capital reserve
Darned surplus
Offered
Stocks
—
788.312
4,909,156
income
(W.
$55
5,000,000
5,298,410
3,899,658
1,000,000
8,973,726
.—-—
—
—
cumulative
Common
V.
Feb.
624,000
—
stock
$52
at
common
days'
611,810
1,296,741
936,000
tax
Inc.
850,886
5,293,436
taxes
Net
—
is redeemable, at any time upen not less than 30
$56 per share if redeemed on or before Feb. 1, 1949;
per share if
redeemed thereafter and on or before Feb. 1,
1950; at $54 per share if redeemed thereafter and on or be/ore Feb.
1, 1951; at $53 per share if redeemed thereafter and on or before
$30,157,038 S30.747.345
income
{including
accruals
Contingencies
2+kc,
than
other
taxes
other
>
etc
cise
offered
6
common
priced
$2,250,000 $3,500,000
442,159
229,437
118,454 '
150,723
(trade)
salaries, wages, commissions,
Stores,
856,435
1,251,761
profit
franchise
State
an underwriting syndicate which
50,000 Shares of $2.25 cumulative
convertible preferred Stock (no par) and 50,000 shares
March
on
at
Accounts
130,462
for
profits
%
P#
$23,716,691 $21,517,433 S17.839,981
%fJ2z.ao'2
ly,42o,-*27
I4,334,3i0
ll,1G7fb93
income
for
Prov.
'1944 >#■'■& 1943
1945
$6,242,879
—.»
income
Prov,
Emanuel & Co. headed
LIABILITIES—
<Notes
—*•*.
oper.
Total
—v.
167,587
'
income
Total
debentures,
Preferred
Total
Net
Other
in the near
Grayson-Robinson
77,403
176,961
sales
Sales
2,165,067
!*-—-—Years Ended Sept. 30
Dec. 31/45
expenses
the company intends to call for redemption and
future the outstanding shares of its 5'*
convertible
Such standby agremeent would provide generally for
the sale to Allen & Co, at $9.16% per shaie of three shares of its
common
stock lor each share of 5%
convertible preferred stock re¬
deemed by the corporation.
Such transaction would take place simul¬
taneously with the redemption of the 5% convertible prelerred stock,
and the proceeds therefrom would be used to pay in full the obligations
of
the corporation to holders of its 5 %
convertible preferred stock
upon such redemption.
The statement said the corporation hopes to
effect the retirement of the outstanding shares of its .v;
cumulative
preierred stock A, whether by exchange for shares of common or by
redempetion.—V. 163, p. 1158.
1
2,112,721
the
retire
178,254
^
ior
Net
JSC.)
3 Mos. End.
;,>;v
Sell., gen. and adm. exps.
ana
preferred stock.
1944
$1,106,028
1,050,000
2,645,932
23,3o 7,070
2*343,320
23,672,152
32,254
1
——*
EARNINGS(GRAYSON-ROBINSON- STORES,
V
Cost
of goods sold—
Purchasing and distrib.
of
3l2,000
and $189,593
ASSETS—
capital,
velopment and production of additional farm implements; and the re¬
demption of outstanding shares of the corporation's 5''
cumulative
preferred stock A. Subject to the authorization by stockholders of any
necessary additional shares of common stock and to the negotiation
of a * satisfactory standby agreement with Allen & Co., underwriters
and amortization, $209,650 in
provision for depreciation
in 1945.
tLoss.
working
mobile;
the manulacture of certain component parts of the Frazer
automobile now being purchased from unaffiliated suppliers; the de¬
21,146.126
2,370,956
*
Rolling,
lor
general corporate purposes,
which may include any one or more of the following: the installation
of additional automobile assembly lines in the Willow Run plant; the
development and assemuiy of additional body styles for the Frazer auto¬
.i»U
■
16,987
*CoX oaf "a/e/8 diSCOUnt8' etC
interest
1*44
•'
availaole
be
Of
SUMMARY
and charges prior to production.
The remainder of the pro¬
ceeds. together with the present working capital of the corporation, will
expenses
Subs.)—Annual Keport-
Co., Inc. (&
General Cigar
CONSOLIDATED
Monday; March 11,1946
'
.
of $2C4,074 "
Volume 163
in
1945
and
preferred
1944.
^Represented by 22,5d1 shares $6
$1.50 preferred and lo3,712 shares common
1344, and 9,000 shares . S5 preferred and
common stock in
1945.—V. 162, p. 2942.
$831,750
in
Home Insurance
shares
13 573
stock, all of no
183,409 shares of
in
par
The company
New
to
of Public Utility Commissioners has
approved tne company's application to execute a first mortgage to the
Hudson Trust Co. of Hoboken and issue $15,000,000 of bonds due in
1976.—V.
Jersey State Board
163.
1159.
p.
Harrisburg
-V,/■■■•_ {
.{.
"V-
■
;■
■-
•
rC V
The report to stockholders for the year 1945 states in part:
The Penn-Harris Hotel Co. leasts
narnsourg
Hotel- Co.hotel
building,
Loans;
at
the
iurnishings
from
first
banks
of
the
reduced
were
the
equipment.
and
from
$45,000
$150,000 outstanding
j
year.
For more than 25 years the directors have
considered the desirability
acquiring for the company's own use when and as occasion might
demand, the lot adjoining the site of the Fenn-Harris on the east,
but opportunity to that end never .arose, ■ until "the latter
part of
last year.
On Dec. 20. title to that property passed to the company
f#r $325,000.
The
required
funds were borrowed on satisfactory
terms from local banks thus accounting for net increase in bank
of
loans
"Co;
at
end.
year
has
been
to pay
its' own
V-:-':
'
'
of
A lease
this property
way;
-
INCOME
'''ix
\j '»•
{{'
YEARS
V
<
DEC.
'
*
31
1945
2-
'
■
within the Dominion—V.
—Hood
Chemical
1944
-'
f-,
"
.
9,656
21.050
Depreciation
Amortiz.
6,064
17,671
52,668
43,957
40,812
'Taxes
-—
bond
discount
&
financing
40,812
expense—43
43
4,000
3,000
$66,164
$66,827
18,705
13,218
$84,869
$80,045
2,989
321
Contributions
surplus
to
Surplus beginning of
Jan.
year
1—
Total
TaX and other adjustments
Dividends paid and/or declared
61,019
61,019
$20,861
$18,705
BALANCE
SHEET
DEC.
31
1945
buildings and
United
States
Other
equipment
investments
$1,246,867
182,550
securities
183,274
—
Deferred charges
Cash
•
48,169
355
398
74,115
4,370
Accounts receivable
Interest receivable
.
1,020
8,490
31
Total
83
$1,832,661
$1,491,652
LIABILITIES
First
33i%
mtge.
Notes
loan
unpaid
payable
Accounts
(orig.
-
Capital stock
430,000
150,000
75
3
4,001
52,302
taxes
47,171
871,700
share)
per
—___
53,351
871,700
—
(par $50
75
4,371
—
Dividend payable Jan.
for
$400,000
—
interest
Provision
$400,000
—
payable
Accrued
$650,000)
Surplus
20,862
18,706
Total
$1,832,661
$1,491,652
1945
for
reserve
and
depreciation
$1,050,399
in
1944.—V.
and
157,
amortization
p.
of
$1,091,211
in
2348.
Interest
the
on
for
*
debentures
SEC
for
issued
215,000
and
The
Feb.
being
are
215.000
shares
filed
27
of
sold
a
common
by
registration
stock
certain
($2
with
statement
The
par).
shares
are
stockholders.
shares of Hayes common are
offered by the prospectus,
a party providing for its
outstanding capital stock of American, En-,
gineering Co., of Philadelphia.
The agreements
provide
for the
transfer
and
delivery to Hayes by the stockholders of American
Engineering of all of the latter company's outstanding shares in ex¬
change for 215,000 shares of Hayes common.
The net proceeds of
pursuant
to
acquisition
the
sale
agreements
of
of
the
stockholders
tingencies
sale
of
of
which
Hayes is
entire
215,000
shares
will
of
Hayes common will be received by
Engineering, except that upon certain con¬
American
Hayes
15,000
Laird,
the
to
receive
all
or
part
of
the
net
proceeds
of
the
shares of such, stock.
Bissell
&
Meeds
heads
the
common
stock
underwriting group.—V.
163,
p.
1159.
daily capacity of 150 tons
will
paper
moved
the
to
used
be
to
expand
are
Lee Higginson
Shields .&
7
20,000
Co. Inc;{;
12,000
10,000
10,000
Corp;
Co., Inc
Central Republic
Bellows
underwriters,
be
them,
by
Piper, Jaffray & Hopwood.
Jonn*on, : Lane, Space :oc
Co
-
i
3,000
M.'Simon
I.
5.000
' ;
Inc
Co"111
&
2.5C0
'
7,500
Richard W. Clarke &
;;
7,500
Francis I.
duPont & Co.
5,000
Harold
Wood
R.
Staats
Bateman, Eichler
Co..
& Co.
Maynard H. Murch &
Co.
of
Co;ft 5^000
Calif
the
and
purchased
Shuman, Agnew & Co..—
:
tape
or sold as
at
,
Co.—...
A. C. Allvn &
the several
.of
preferred stock to
follows:
as
kraft
of
gummed
mill.
.names
shares of series A
respectively,
directly
1944
!
1
1943
E.
&
Co.J;
2,000
2,000
Co—
2.000
Co.-i--I
Grubbs, Scott "A
1,500
';|L5<
5,000
taxes—
Hunt Foods, Inc.—Registers With SEC.—
7 {
■;
The
SEC
v
1,556,579
531,425
549,250
365,659
366,639
$502,032
*$72,753
1,487,336
302,171
,
,
=
$526,010
175,000
Cash
U.
S.
^
hand
on
SHEET,
balance will
4
1945
banks
:
treasury savings notes
receivable, (net)
Accounts
Inventories
Trade
advertising
564,340
113.011
contracts—^—-.
":v
1
charges
Due
N.
$9,913,516
$605,435
on
92,446
taxes,
withheld
bond
Sundry
accrued
82,882
134,109
9,144,000
366,380
1,608,428
Total
2,514,804
$9,913,516
2,874
Dec.
and dividend 100,000 shares of 5%
Subject
to
annual
an
retire
par
to obtain
in
each
value
of
the
of
5%
March
1,
June
1, Sept.
States
of
first collateral trust gold bonds,
on May 1, 1946, at 102 and
redemption
made
at
the
Montreal
the. currencies
America
of
Great
or
Trust
the
Co.,
trustee,
Dominion
Britain
as
of
Can¬
de¬
be
may
2587.
p,
^
1949-1953.
funds
needed
tc
meet
.
<
of
$3,500,000
sinking fund debentures
2% %
serial
notes
at
at
lOl-Va,
100.
The
the
and
to
the
amount
re¬
such
-—
meeting of the stockholders held on Feb, 9, the fol¬
unanimously by the stockholders to replace the
Board of Directors
appointed by; the Court at the reorganization last
lowing
sinking fund,
years
the
for
be
At the annual
1
were
elected
year:
cumulative
balance of
the
not to exceed par and interest.—V. 158,
cumu¬
beginning in 1949,
inclusive, 1% of
preferred stock, series A,
previously issued,
the sinking fund increasing
1%
each
five-year
period after 1953 to a maximum of 5% in each year after 1968.
Re¬
deemable, at the option of the company, at any time in whole or in
part on 30 days' notice, otherwise than for the sinking fund, at $27.50
per share on or before March 1, 1951; redeemable on like notice for
the sinking fund at $26.25 per share on or before March
1, 1953; with
successive reductions in the redemption prices as described herein, in
each case plus accrued dividends.
Transfer Agent. Chase National Bank of New York.
Registrar, Guar¬
anty Trust Co. of New York,
i
■
j
PURPOSE—The net proceeds to be received by the company will
amount
to approximately $2,293,800.
Such proceeds will be used to
finance, through advances to or investments in its wholly owned Flor¬
ida subsidiary, a portion of the cost of
constructing a kraft pulp and
paper mill, with converting facilities, outside Palatka, Fla.
The total
cost of this project
is presently estimated at $6,000,000.
Company
to
greatest
Co.—
Indiana Limestone Corp.—New
Board of Directors
on
to
to
allocate an additional
the .company's dried-fruit
redemption and payment, exclusive of accrued
interest,
is ^54,852,578,
Any- balance will be added tq the
company's treasury
founds.—V. 163, p. 1159.
stock, Series A.
dividends payable quarterly
1.
to
of
by the holders of the said bonds
respectively.—V. 124,
;
- - - \,:
,\
•..
payment
Cumulative
will
$5,842,500 30-year 5%%
Hudson Pulp & Paper Co.—Preferred Stock Offered—
Lee Higginson Corp] and Associates on March 6 offered
expects
United
quired for
($25)
option
„
163, p. 903.
lative preferred
the
company expects
to
the payment
Illinois Bower Co.—Registers With SEC—
10,272,000
366,380
operations
funds
The company Feb, 27 filed a
registration statement with the- SEC
for $45,000,000 first
mortgage bonds due 1976, and $9,000,000
sinking
fund debentures due 1966.
The securities will be offered for
sale at
competitive bidding with the price and interest rates to be
named by
the successful bidder.' '
*
'
The company intends to
apply the proceeds from the sale of the
bonds and debentures to
the redemption of
$43,400,000 first mort¬
gage and collateral trust bonds, 4%
series due 1973 at 104.66 and of
468,901
a
the
such
of
■..
67,021
417,410
$10,087,779
from
have been called
the
manded
&
Debenture interest withheld
purposes,'If
exercised,
the
option, { and
.working capital for
Payment
21,292
200,361
receivable
Advertising due-bills outstanding
5% sinking fund income debentures
outstand'g
Capital stock (SI par)—.
i.
-V.
,66,188
22,253
ada,
117,716
31,758
accounts
under
Montreal, Canada, in such of
expenses
unearned
rent,
other credit balances
Deficit
series A,
interest.
151,284
taxes.
corporate
is
AU of the. outstanding
30-jrear 5 %
and
taxes
Unemployment insurance
Federal retirement tax
Deposits,
subscriptions
Co.,
$1,500,000
Hydro-Electric Bond & Share Corp.—Bonds Called.—
56,645
359,520
302,171
war
income
sinking fund inc. debs,
general
&
of
tho^sum of $26,424, at - prices
receipts, utility and capital
gross
the
$546,901
^
228,600
tax
income
5%
for
Huntington- & Broad Top Mountain RR. & Coal
(land¬
:
Interest accrued
with
The Land Title Bank Si Trust
Co., trustee/Broad and Chestnut. Sts.,
until 10 A. M. on March 22, 1946, receive bids
for tho sale to it of 6% first
mortgage bonds of 1854, series A. > and
6% first mortgage bonds of 1857, series B
(formerly known as 6%
second mortgage bonds cf .1857)
to an amount sufficient to exhaust
LIABILITIES—
Accounts
payable
Y. State Realty & Terminal Co.
statement
Philadelphia, Pa., wilt
" 10,300
* 457,205
.-
used
maximum
a
commitments
^
3,121
374,867
.10,300
(less amortization)
registration
a
as a result of the
Guggenhime acquisition.,
Blyth h Co., Inc., heads the underwriting group.—V.
163,, p., 1159.
7,359,551
$10,087,779
Deferred
1934502—
V
7,052,649
leasehold
of
fied
.{ 941,204
490,228
-
108,093
book value
27
$1,000,000 to provide
division which it will obtain,
'*
a $464,783
1,156,254
—_
Prepayments
Net
1944
-
$655,389
240,000
:
be
Guggenhime
allocate
DEC.
'
in
and
Feb.
shares
,
its
BALANCE
'on
company
■
for
cumulative preference stock, series A
5(i, par
$10, and $125,000 common, $6.66%
par. value.:
;
"
" The proceeds will be used to redeem
presently outstanding 6% -cu¬
mulative preferred at $10.25
per share,
to improve plants located at
Hay ward. Oakdale and Mountain View, and in other
sections.
The
,
Deficit.
the
the
tnis
William
471,650
•-360,843
——
'
Fed.
profit
sufficient
company
estimated
an
of
UNDERWRITERS—The
purchase
Net
and
Hayes Manufacturing Corp.—Registers With SEC.—
Th3
City—Registers with
1,665,142
at par
♦After
Y.
1945
Rent
stock
1944
$1,531,055
43,536
have
portion
Falls,' will be
Gross, sales and other oper. income $13,973,052 $12,733,338 $10,896,082
Operating exenses ———7
9,989,783
9,122,901 <
7,944,534
Taxes, insurance, - etc.——
657,452
654,742
621,078
Cabaret, sales
ASSETS—
♦Land,
will
A
Sroduction. ' The balance will be converted into paper bags
raft paper,:
Bag manufacturing equipment, now located
Calendar Years—
Federal
31_
1159.
p.
mill
Hotel Waldorf-Astoria Corp.—Financial Statement—
;
lord)
Net surplus as of Dec.
The
paper.
Pacific
Investments
Balance
installation.
in-
of
.
46
$178,374
expenses
163,
fpr general corporate purposes.
•The company is undertaking to distribute Its
to the public. ;
/
''V
551
52
interest
Fleet
$163,077
$194,394
Administrative
Home
already expended to de¬
fray costs of designing packages, etc., to purchase new
packaging ma¬
chines. to purchase new trucks and'"trailers.
The balance will be used
14,700
—
entire
The company on Feb. 26 filed a registration statement with the
SEC
for 205,010 shares of common stock, par 33 cents
per share/ Price to
the public $5 per share.
The proceeds will be used to replace funds
Prov.
385
income
the
ol
number of
ASSETS—
Total
activities
Co., Inc., N.
Amortization
14,700
—
sold
5
-
$178,756
—————
—
Interest earned—
Profit on securities
ENDED
'
-
received
the Penn-Harris Hotel
v"H;
•
ACCOUNT
-Rent receivable
Dividends
to
terms which will enable the investment
agreed to upon
the
cooperation
7:77'^
Hotel Co.—Annual Report—.
(Pa.)
•
Companies doing business in Canada.. It will augment service
with Provincial Managers and production sources
and
'
1946.; Of the total cost, including amounts for labor, building mate¬
rials and supplies and similar
items, it is estimated that approximately
one-Sixth will represent cost of
buildings and approximately five-sixths,
the cost of equipment and
;
appointment of Norman" G.- Bethurie-aS1
gost which has been recently created. This
a
involve
will
office
new
Approved—
Co,, N.Y.City—Supervisor for Canada
announces the
Supervisor lor Canada,
aurance.
Ilackensack Water Co.—Bonds
The
7
E COMMERCIAL & FINANCIAL CHRONICLE
Number 4471
William G.
Riley of F. H. Koller & Co., Inc., New York, Chairman
the Board; Eugene F.
Olsen, President, Stearns Manufacturing
Co.,
Adrian, Mich., President and Director; Donald W. Hayden of Baumgartner & Co., Baltimore, Md., Director; Charles T. Penn
of Wash¬
ington, D. C„ Director; Abraham Watner,
Industrialist, of Baltimore.
of
The
for
old
board
reelection
of
with
directors
the
appointed
exception
of Mr.
by
the
Olsen
court
as
did
not
stand
President.-r-V.
2787.
p.
161,
Insuranshares Certificates, Inc.—Annual
ReportAs
of Dec. 31, 1945, the
-liquidating value
stock, valued at the, bid side of the market,
INCOME ACCOUNT.
^
v
share of the capital
per
was $11.91,
x
;
.->1945
Dividends earned
-
?
•
1944
V—
$151,118
$152,524
227
1,289
$151,345
27,550
$153,812
$123,795
Interest on U. S. Government bonds.-..
cost,
;
12 MONTHS ENDED DEC. 3J.
$126,547
652,218
658,601
—
in excess of the
Hein-Werner Motor Parts Corp.—Registers With SEC.
company on March 1 filed a registration statement
SEC for 40.000 shares of common, par $3 per share. ■•*■■•
The 40,000 shares of common stock are being offered for
tion
the
to
subscribed
stock
and
price
Holders of
stock
common
for each 2'/2
common
,
shares
will
be
offering price
at
the
rate
of common held
sold
will
to
be
of
on
with
8.
underwriters, and the
filed by amendment.
the
subscrip¬
share
one
March
of
new
The
un¬
subscription
Proceeds
will be added to working capital. The
company contem¬
expansion of the floor area of its plant by 50% to cost
$150,000, and expects to expend about $50,000 for additional produc¬
tion equipment.
plates
The
an
Wisconsin
Co.
heads
the
underwriting group.—V.
from
proceeds from the sale ol' the series A preferred stock,
general funds and from a construction loan or long-term debt
its
161,
p.
1203.
to
be
of
The
It Is contemplated that from $1,000,000 to $1,250,000
funds of the company will be used and from $2,500,000
to $2,750,000 of such loan or debt will be incurred.
CAPITALIZATION
Helvetia
Coal
Mining
Co.—Partial
Redemption.—
company has called for redemption on April 1, 1946, $82,000
of first mortgage 5%
sinking "mri gold bonds due Oct. 1. 1958, at
105
and interest.
Payment will be made at the Central Hanover
Bank & Trust Co., 70 Broadway, New York, N. Y.—V.
161, p. 987.
(R.)
Hoe
Co., Inc.—Independent Group to
&
Oppose
An
pose
independent committee of -stockholders has been formed to op¬
the present management and it will seek to elect its own nomi¬
nees
as
directors
at
the
stockholders'
meeting to be held on April 9.
W. McCune, Vice-President of
Adams & Co., Chicago:
Morton Jenks, Philadelphia, and Harold W.
Danser, Boston, with Guggenheimer & Untermyer, New York, acting
The
committee
consists
of
Thornton
Counsel.
as
The committee is filing proxy solicitation material
with
the Se¬
curities and Exchange Commission, and thereafter it will solicit
proxies
from all stockholders, it was said;
,
.'
I ■ > '
.
,.
The
Auer.
company
March 6 announced the election
Vice-President
and
General' Works
on
formerly
President.—V.
163, p.
of
Joseph
Manager,
L.
as
311.
Hollingsworth & Whitney Co.—Registers With SEC.—
'
The
for
company
42,000
shares
The
of
net
March 5
shares
of
common
(no
$4
filed a registration statement with the SEC
cumulative preferred, (no par) and 12,594
par)/
proceeds
will be added to the general funds of the com¬
pany.
The company Intends to use ajjproximately $2,000,000 for the
improvement of the manufacturing facilities of its plants in Alabama
and Maine, approximately $500,000
to acquire additional woodlands
-
in
the So"th
and the balance for
working c««it.«L
jt-.v
The underwriting groups for both the preferred and common stocks
headed by Paine, Webber, Jackson &
Curtis, and Harriman Ripley
are
-
At
Co., Inc.—V. 161, p. 1543.
.
''
EFFECT
"V
.
'
V
TO
Common
stock
SUMMARY
of
11
OF
Portion of
Net Bef.
Dividends
22.778 shs.
Balance,
31
Federal
Taxes
4.328,075
891,605
71,768
t266,757
553,080
6,572,046
1,188,720
+547,000
+264,000
551.948
349,792
3.394,322
$49,024
$28,857
47,750
47,828
150,716
624.479
724.816
6,104,034
768,632
117,347
+298,000
723,454
-+262,000
200,863
+71,000
99,880
Total-; tr
LIABILITIES—
Capital stock
^
AND BUSINESS—Company, an outgrowth of a paper Job¬
bing business established In 1896, was- incorporated in Maine Nov. 6.
1937, to merge four predecessor operating companies into a single
enterprise;
The merger was effective as of Oct. l, 1937.
Company and
such predecessors have been under the same
management and family
ownership for many years.
,
' •
% »
has
for
DEVELOPMENT—The
company
many years planned to expand its kraft operations
by con¬
structing a pulp and paper mill in the South. - A site of approximately
acres, located near the St/Johns River outside Palatka,
Ha.» has
500
been
acquired at a
(Southern Division),
*
-V.
'
;
$421,600
3,941,286
656,454
,
$440,000
£: 3,371,663
t 652,218
Pr4,328
$5,500,974^
162, p. 2944.
'
-
■
,
Indianapolis Water Co.—Earnings-f
$4,459,553
-
■
•
'
.
-:'.Jv
'
-
■
12 Months Ended Jan; 31—
Gross
Oper., maintv- Ac retirem't
All
Federal and
Net
local
Income
or
deprec.
taxes
—
——
—
1945 ;
1946
$3,443,544
revenue
1944
1,062,592
$3,436,158
1,149,022
:
1,143,170
{'1,061,995
$1,179,621
$1,143,967
$1,100,689
1,201,332
$3,285,959
.1,123,275
"
nominal
Interest
a
Other deductions
cost by
Hudson Pulp & Paper Corp.
wholly owned subsidiary.
On this site will be
erected a complete modern
sulphate pulp and paper mill, including
facilities
for
wood
preparation, pulp making, paper and convert¬
ing, power generation and related activities.
Clearing of the site has
already begun, and subject to current construction hazards, completion
of the mill is expected
early in 1947.
The aggregate cost of the
project is presently estimated at $6,000,000, of which approximately $350,000 had been expended as of Feb. 15,
/
$4,459,553
-
■
Total
.
MILL
$5,500,974
'■
v
(par $1).^.....;
Dri8,365
Notes payable (secured)—————u—r 350,000
Notes payable (unsecured).—..—.1—.......
-150,000
products.
PAPER
.
Capital surplusUndistributed operating income—.————.
Treasury stock
HISTORY
AND
S
•
31, 1938.
+Includes excess profits taxes
1941, $66,185; 1942. $297,000; 1943, $33,000;
1945, $27,000; three months ended Nov. 30, 1945, $7,000.
FLORIDA PULP
1945
.
months ended Aug.
The company is engaged In producing and
selling paper and paper
It manufactures kraft paper and tissue paper which are
converted, resectively, into gummed sealing tape and into toilet tissue,
towels and napkins.
Its three mills, with an aggregate annual capac¬
ity of approximately 37,000 tons of paper, are located at Bellows
Falls,
Vt.: Augusts, Me,, and. Lansdowne, Pa.
$0.2$
■
postwar refund);
'
$652,218
$0.29
•
■
$4,054,774" $4,067,358
U. S. Treasury bonds
iat'^cost)i^-^:-i/ii^v-;
-350,000 "
Unrealized appreciation
1,081,171
388,851
Cash in banks and on hand
;
14,280 '
3,344
Accrued interest—purchased U..S, Govt, bonds.
* 500
Due from brokers-...—
250 ^
342,918
1,762,229
118,536
29,983
$656,454
-
32,796
Securities in portfolio:
Insurance stocks (at eost)
353,285
6.378,029
•
100,146
ASSETS—
198.721
61,219
1944, $66,000;
+Three months ended Nov. 30.
Dec.
stock.
COMPARATIVE BALANCE
SHEET, DEC. 31
$91,774
89,772
111,024
5,881,678
■
Profit
5,257.494
Deprec.'
treasury
(22'/2 cents)
$785,159
Net earnings per share
Net
12
;
'{$776,263
24,512
95,298
canceled
paid
27,266
.250/
.
Total
100,000 shs.
;
Charges
$169,655
294,299 *
836,414
.
$3,071,760
—
operating income.
Adjustment for dividends claimed
Outstanding
EARNINGS, YEARS ENDED AUG.
'
Previous undistributed
FINANCING
40,000 shs.
Net
income.
150,000 shs.
par)
Sales
+ 1945
(net
($10
PRESENT
Authorized
J".
Cumulative preferred stock ($25 par)—
5%
series
A
♦For
Management.—
GIVING
•
•
*1938.
The
Expenses
the general
incurred.
charges
511,208
Balance available for dividends—
BALANCE
ASSETS^-Utility
$9,413;.
cash,
76,991
66,260
$554,098
$562,101
$529,554
JAN.
31,
1946
U.
S.
Government
fund
securities.
$222,156; materials and supplies,
504.875
;
plant, $25,130,570;" investments and
$1,477,678;
accounts receivable,
SHEET,
504.875
114,315
—
accounts,
$1,550,000;
$124,876; special
"Monday, March 11, 1946
;
THE COMMERCIAL & FINANCIAL CHRONICLE
1286
prepayments,
$14,805'; total, $29,307,901.
LIABILITIES—1st mortgage bonds, 3 02 0 *e«fes due 1966,
1st mortgage bonds, 30
series due 1975, 5l,000,0CK):
vthrough ifhe development! of 'special./precision-7products,, and
equipment not only for aircraft but for the automobile,-refrigeration
and air-conditioning industries as well."—V. X61, p, 2788.
'
,
gram
miscellaneous suspense,
uccrMeo,w$l^lOS»^42,
tributes
:
.
International Great Northern
163,
—V.
Earnings—
RE
1943
1944
l<i4«
$2,495,963
727,364
*
$2,382,117
1 790,587
$2,385,672
1,088,698
317,545
$2,099,50?
460,724
2QJ.78S
railway-,—Net from railway
Net ry. oper, income—
from
Gross
301,796
loo.ooo
has called for redemption on April 4,
■««*—&.
outstanding 50 cumulative conv^tiblepre-eued stock
at $105 per share and accrued dividends.
)ndde
the Bankers Trust Co., 16 Wall St., New York, N. Y,
■
The shares are convertible into common stock, on t^eJ,a'is
?hg
shares of common for each share of preferred, any time up to the
close of business on April 3
at the Bankers Trust Co.. New York,
and The First National Bank of Boston, and at the Montieai
trust
Co., Montreal,* Canada.—V. 163, p. 1029.
qt its
.
^
*
•
.
'
Central America- .Report—
ioai?
International Railways of
'
Years
Total
End. Dec, 31—
.
$7,447,799
1,203.324
1,334,787
•
Maint. of way
1943
1944
1945
$8,932,751
revs.—
& struct..
equipment—
oper.
ry.
$7,285,649
1,045,559
$6,200,630
1,045,559
805,815
805,815
1,003,680
855,150
33,281
2,308,036
33,113
1,819,520
456,991
289,213
$3,339,012
669,819
$2,809,759
461,331
Ry. oper. income
Total rent inc. net rents
$2,660,194
$2,348,428
$2,661,600
561
1,414
2,973
$2,024,888
•
: 1.950
income-
$2,660,755
$2,349,842
213,2X7
220,581
$2,664,573
59,581
$2,026,838
42,987
$2,874,002
$&579;423
337,438
318,825
$2,724,155
133,901
$2,069,825
128,737
$2,536,564
$2,251,598
536,832
Traffic
Transportation
MisceH, operations
r—
,
Net
accruals
tax
32,268
31,216
1,501,206
qt the
Net
oper.
ry.
income
income
Total
;
deduct, from inc.
Misc.
261,798
charges
•Fixed charges
253.762
$3,241,855
$2;439,836
414.943
"
;"•" 580,256
"
by
Common
Capital
Richard
Buck, &
J.
2644. "
'
is
Co.
'
—y;
lei,
outstanding
568.
p.
20-year
/- p
-
~
junior
60
;
250,000
$1,786,313
' 250,000
Blosser, Chicago,
$1,825,991
$1,539,765
$1,536,313
p.
A.
conqes-
(net), $2,457,708;
$390,811;. cash
property,
physical
tem¬
cash investments <U. S.,Treasury Savings Nqtes, series C),
$150,000; special deposits, $260,570; net balance receivable from;agents
and conductors, $102,079; miscellaneous accounts* receivable, $477,996;
material and supplies, $1,134,660; interest and dividends receivable,
$499; deferred assets. $2,227; rents and insurance premiums paid in
.
advance,'$28,264;'discount on funded debt, $5.04,146; other unadjusted
f. ' debits, $20,949; "total, $86,059,424., '
LIABILITIES—Common stock, (509,000 sharps no pari,. $31,441,144; .
prefercred 5# cumulative participating stock ($100 pari, $10,00.0,000;
funded debt unmatured-, $9,107,487; audited accounts and wages pay- able, $192,129; miscellaneous accounts'payable, $75,868; interest ma: r>; tured unpaid, $348,927; "dividends matured unpaid, $39,864; unmatured
interest accrued,'$88,936; .unmatured dividend? declared, $125,000;-accrued tax liability," $663,133;
other VcuirentV liabilities, $5,500; insur- <
ance
and casualty
reserves,
$6,696; maintenance reserves,,.$6o3,988;
other
unadjusted credits, $199,487; accrued depreciation. $6,3/7.837;
Grocery
.
'
the
Of
the
the year 2009 to
amortization' of properties reverting'in
of Guatemala
and El Salvador
for
(net),
Governments
for contingencies, $1,501,295; corporate
887,781; total, $86,059,424.—V. 163, p. 1029.
reserve
Interoceanic
Ry. of Mexico
59,394,352;
$15,- '
(earned)
,
'
Expansion—
nlsn
Thev
.
declared
n
first
final
and
Davment
on
ds-
the
estimated
&
-
-
average
ended Feb.
•
—V.
163,
p.
1945
,
Svn<Rr>nt<» HI
of
Amfrln
oBwUfili
f«i» ^.PA-oriefore
Registers
28,
At
M.
the
of
Lake Shore Gas
All
v
company
has been
first
■
1296. ;■
p
•
:>v. ~
and
New
,
160,
-•
the
terms .of*
surrendered
The
erg,
new
and
company
j
Superior & Ishpeming RR- Earnings—
1943
•-•
1945
541,476
*65.514
§3.9,093
*S3,'615
"65,373
*81.213
1946
January
Gross from railway.„~
1944
'*32.233
"82,245
,
346,765
'••'63,221
Net from railway
Net ry. oper. income.'•■80.482
.
$39,533
gages
and
made
Lpath &
Co.
*.
(Del.)—Annual Report—
May
current
in
taxes
tax
liab lities
of
$836,520.
include a provision for
the amount of ^1,075.000,
a
of
tatio
3.5
Tax Savings Notes, in the same amount are.
I
Dividends of $1.87 Mi per share were paid on
to
1.
Current
'
shown .as an offset.
the preferred stock
addition
60
dividends
cents
per
22> 1945, payable Jan. 1, 1946,
CONSOLIDATED
rr-\
and. In
stock
of 624 cents- per share *bn. the preferred
share on the common stock were declared
INCOME
•
•'
'
reasons
companies
in
it
is
**
y
not
always
Company an¬
privately to Lehman
shares of 41/2%
preferred stock (par $100) at
selling
:
the
stock on the New York-Curb
its common
of
listing
and
23.
.."an.
194.6,
the
to
increasing
preferred
'1
!l_
$1C0»
06,500$hs
6,500shs
"the
of
1945
company's
.
»
of
bank
have
loahs. ' which
Of Feb.
as
1946. '
15,
above, bank' loans
the
-
increased' since
- :*• ' 0 (
-
used
were
finance-iti
to
*
PURPOSE—The
from
the
sale
of
cash
net
the
proceeds
185,000
to
be
shares* of
received
by
the
stock/ and
common
Company
from the
private sale of 61599 shares of-'4Va0i cumulative convertible preferred
•
will amount to $2,517,713.
Such proceeds will be applied "as
fO.llOWs:
'.
■.
'• .•' • Is
- ■ ■'
.
•
.
""
■•■* t ■
(1)
To retire 6,410 shares of outstanding 50 cumulative
* *
; preferred stock lat $105 per share$
673.050
stock
*
-
-
-
reduce
.
(2i
To
(3)
-
To purchase all
cla!6
■'
<4>
1 :
.
$1,634,750
to
proceeds
-part.,the increased volume'of business of the. company, the payment
of excise taxes upon the
withdrawal of. whiskeys in bonded warehouses, and the financing of accounts receivable.1
,
■
.
To:
loans
.
Distilling
pay
a
Maxwell
;
.
.
payable to banksc—
the outstanding • capital stock of PennCo.
loan^owed
by
11 _!/
Penridale
*
1,000,000
""
247.716
^
^
Distilling
Co.
Milstone
to
w
80,009
-
To construct' and acquire additional facilities:
,-,.Fenhdale\plant
Transport
plant
(6)
To beadded to working
•-..(§)
from
!$l,283l664
operations
incojne
(net);
.
/ ?09,886
—.
!vg953,Q72
212.772
'
provision for -Federal texes--l--X^'L4937p^d/™{?l»d$5.844.
Prov. for Fed. income & excess profits taxes__ /./l^M^i000
Profit
Special
•
before
appropriation'for
ventory price
decline'
possible
_i
future
*/-)"■ 70.000
in.
*"
'
'
—■
$260^44
' 68,953
$9,313
* ' $1.92
.
$1.38
'
'
' EARNINGS
YEARS
ENDED
*
less
Sales,
"Cost
of
discounts,
goods sold
return,
etc.
General
expenses
.1944 i^--
v«'
1943
$4,525,665
$1 333,670
5,181,905
4,093.566
1,045,507
Y'._Ji
['■■■■■. Net operating profit
0 Oilier income
i
40-
Total
364,589
...
281,943.
:
$232,021
.j.j_
■
0 :6,uo
.
income,
.52,904
63,256
Additional
amortization
of
;
,
1,697
$203,060
$238,131.,
Interest
178,694
$109,469
$450,156
$111,166
: 54,676
23.909
war
"
"
-
Income
and
82.839
facilities
emergency
;.
excess
profit
taxes_^__
47.084
30,647
j
?
~m
■
$25,361
-
$47,282
saI?s and <?ost of goods sold include substantial
excise
bond.
taxes
Such
payable
taxes
v/aen
on
withdrawal
paid'
were
r6 readlY determined.
of
whiskeys
chatted
the exac- amount thereof included in sales
J1/0
~5~S~896
$70,653
44,754
income
Federal
fnnn
V-
1089 601
"46,947
$5,778,515
.
.
1,412,323
200,000
*
Net
.....
270,000
OCTOBI^v31
*.1945
r
55,000
-
: 119.6X7
„
*
•:
,
$341,550
*41.163
"
.
.
f
include
•"-•'■'••"
Y
alphabetical
exact
share.
$11.25
at
also
is
convertible
(par
The
..
Oct.
YEAfcS.,
ACCOUNT FOR CALENDAR
w
or
amounts of
and
spirits
to ipventoxies0.Andi
cost of goods
sold
can-
The.amounts Dai.d during the.respective
;3®^ig42rS Were as f0ll0WJ: 1943; $349,814; 1944, $2,647,152;
present time the Cleveland plants of the companv
•1
10*
Bank
N
privately at $101.25 per share plus d:v. from Feb.
Oct: 31,
,
Federal income and excess profits
against" which-XJhitcd'States/Treas¬
ffl^TpRY" & BUSINESS—Company
Ing some 1,500 workers. Mr. Jack said, "but plans now under
acquisition of other companies and new products to incr-
■■
York
»
...
-
at
Hanover
New
.
^
••
1, next
Central
Broadway,
■
•
*
ta
in¬
Fe,b. 14, said in Part:-1*
:>.of Chicago and .were pyidenced :hy, demand-and short, term, notes bear¬
Sales for 1945 set a new high for the company -and representan
ing interest at the rate of 4 0' per annum pr'pf to Jan. 1,1946. and
Improvement of 21.50: over the preceding year, while met profit,
thereafter at the rate of 30
per annum.
$1,000,000 of the proceeds
before
provision
for
Federal income taxes
(also "a new record)
from the sale of the: stock. of the company hcyill be applied to the re-,
fractional'
fother accounts and notes* receivable
electric
motors,
ball
and
roller
bearings,' electronic'" Merchandise '• inventories,"' valued at- lower "-of
measuripg devices, precision machine tools and other
cost or market •
!
.1.
is
1, .1945..
As of Oct.
31. 1945, the company had outstanding bank loans, in
the amount of $1,241,950.
These ioans were payable to Tradesmen's
National Bank & Trust Co., Philadelphia, and First National Bank
^
will
'
used
it
Hartman, President,
I, H.
will
_
be
group.
on
the
at
70
mechanical
cumulative convert ble
stock
"Sold
products.
At the
for redemption
be
p)
it
amendment
of
412 o
.
103, p. 781.
the'merger the small residue of class A stock
Jack & Heintz, Inc.. associates will be
stock
'; r
and other
in addition its peacetime production
horseoower
horsepower
underwriting
by
generators
war,
will
$290,800.
stpek and the 12 500 shares of Claps B cbhimpn stock were reclassif ed into 128,750 sharps of comihpn stock.
The capitalization as adjusted to give effects to the foregoing is as
follows:''
°
Authorized
Outstanding
r
Lake
•«!«tl,r depreciatlon ot s25-640 in
yet
$300,000
remaining
filed
28
common
share.
per
the stockholders adopted arti¬
company's charter for the purpose of
the CQmp.any'a papital stock pursuant to
plan of refinancing.
Th's plan provides .in general for the purchase
by the company Of all its outstanding 50 'cumulative preferred stock,
the private sale of 6,500 shares of new 402 0
cumulative convertible
preferred stock, the reclassification pf outstanding Class A and.C'.ass
B
common
stocks into shares- of new common stock, and the public
sale of the 185,000 shares of new common stock now offered.
Upon filing of the art'cles of amendment the 7,43i shares of Class
A common stock were reclassified into 76,539.3 share's" of comtfion
--
changed for preferred
Jack's announcement.
$3
agent:
reclassifying
series due
"Represents charge for three ouarterly div'dend? only. The- dividend
paid on April 2, 1945/ Was declared in 1944 and charged to surplus
Under
is
share and dividend.
per
for
cles
RtifJ/trH -Horlii-w '1T*
Af
and Edward R. Legg.,
not
the
trustee,
CAPITALIZATION—On
pf National Dairy-Products, Electric Autq-Lite and Chrysler Corporations; Harold C. Richard, a director of Manufactux-ers Trust Co.,
tor
the
Of
called
will
arrange
(par
that
apply
r
bonds, 5Vi .0
mortgage gold
jMuumuoi
Ac'.•Heint$,rlnb.^»vbeing:/.ittergeil;0:^yron:'(<3.;'-^ k•.'direc-'
public
'^Exchange.
,
Balance surplus
-1
Dividends $2.50 cumulative preferred stOQfc__._
Common dividends
Earnings per common share
.....
which Jack
162
Commercial Nat.onal Bank & Trust Cq. of New
Bankers Trust Co.
LISTING—Upon written request of the .underwriter company/ Will
f
acquired'
lurvoivjj,
iiiuiuuius
/p.
by a grqup of individual investors, including B. v. mimer, "Jr.,' inC. Milner, jr., industrial engineer and Chairman of Precision Products Corp., into'
successor
Trust
Registrar:
the purpose
1950, have been called, for redemption on May 1. 19|5, at 191 la
Payment will be made at the Guaranty Trust Co.-oi
York, successor trustee, 140 Broadway, New York; N.
Y.—V.
Profit
new
&
possible.
as
York.
Co.—Bonds Called.—
outstanding
the
of
Other
A financial interest in the
the
to
approximately
heads
Inc.,
to
stock
$101.25
.
interest.
1543."
March 6 plans for the
merger to this company with a newly formed Delaware corporation
yhich will be known as Jack & Heintz Precision Industries, Inc. ,
Bank
However, they are always as hear alphabetical
cumulative
!
of
and 30 €?nts BQr ****** °.u *the «QmmQn stock during 1945;
on
National
Brothers and certain of its directors 6,500
has been elected to the new .post
directors, while Joseph B. Hall, Execu¬
has been made President.
' -v
shareholders held on Marcn 6, toe name of the
board
was officially changed to the *Krbger , C*v
for
•streamlining," it was explained,—V. .163, p. 1160.
series 10 certificates, $25,000.000:*.se-
Sla.ck; President, announced
City
163, p. 905.
nounced
President,
Robertson,
of
meeting
a
Jack & Heintz, Iixc., Cleveland—Consolidation—
wmiatn.
at. the
used to acquire one-half of the capital stock oC
$35,000 for plant additions, and balance for work¬
corporate
position
ii
159, p.
redemption on April 1. 1946, at 100
sinking fund 60 • gold bonds
loans.
NOTE—'For
_
company
of
Lies *5 certificates, $100,COQJ),QO( and series 20 certificates, $75,009,000.
writer.—V.
proceeds,
Payment
Co.,
'
*
■
-
i
mortgage
made
The price
have been
mon
Changed—New President, Etc.—
Chairman
and
series 6 certificates, $15,000,000;
included
1944 —V
+<? ■•
*
possible
Higher—
with
Wltn
The company on Feb. 25 filed a registration statement with the SEC
for-the following face amounts: Single payment certificates $8,025,000;
-
be
.
ury
urj
SEC—
basis
will be
order.
1946—8 Wks.—1945
$38,730,938 $34,287,933 $77,005,870 $67,336,149
number of stores in operation* during the four weeks
19'46, was 2,722, as against 2.669 in the same period of
1946—4 Wks.—1,945 /
'
710.
tnve«tor«
$38,440
collection
on
Logansport Distilling Co., Inc. — Stock Offered—Leh¬
Brothers on March 4 offered 185,000 shares of com¬
tive Vice-President and Treasurer,
Decreaseliabilities
$2.90,0.518
1944)
2C8 So. La Salle Street, Chicago. Ill —V
1959,
1,
—V.
•
Charles
of
with
1946
year
1945 and 2,742 shares in
'
for
first
bank
Goodwin,
Trust
&
;
$2,662,078
of
interest.
and
auction
Interstate Department Stores, Inc
in
Litchfield & Madison Ry.—Calls 1st Mtge. Bonds.—
of the outstanding first mortgage 5%
sinking fund bonds due
.
Mqnth of February—
tIncluding
AH
t
Sales
$2,722,893
1944.
$4,252
capital.
Nov.
(Acapuico to Vera Cruz)
,
.3139',;
ensumg
called
share.
sales corporation,
a
below.
Co.
ftroger Grpcery & Baking Co.—Sales
^Deficit.—V.
—Pays Final Dividend in Liquidation.—
' Th.e Joint liquidators recently declared a first and. final return- of
capital, payable' Feb", 18, oh the! following stocks; First preference
stock, 1.25780
recond preference stdck, .61.9^; and ordinary stock,
in
and
formerly called Oneonta Linn Corp., on Feb.
with the SEC for 250,000 shares of
per
outstanding
repay
*
feserye
1945
statement
10 cents
par
principal underwriter.—V. 163.
is named
& Baking
Period End. Feb. 28—
.
.
in
'
will
trustee,
company
regiatration
879.
Name
porary
in
1 '
' "
Payment
Transfer
cellaneous
(S7.007
man
1945.
:
payable
of Chicago,
The
Kroger Co.—New Name, Etc.—
7 "The
wharves,
641,701
fir 73,810
.
Limi Coach & Truck Cprp.—Registers With SEC.—:
The necessary,
Sales
>1"
1945
31.
DEC.
SHEET
218,861
822,471
Dr75,859
1172.
.
that it will build a new plant in Hammond,
land has already been purchased.' Machinery for
the plant will be mcved jtrom the main plant at Waterville,-Me., and
hew machinery will be purchased for installation at Waterville.
It is
estimated that the whole operation will cost about $1,300,000.
To provide this new money and to redeem $1,800,000 first mortgage
4.'/*% bonds due Oct. 1. 1959, the company will' issue approximately
$3,100,000 of new bonds,
It is expected the company will file applica¬
tion with the SEC this spring.
It was stated that the addition cf the proposed plant in Hammond
will increase
the company's
capacity by ah "estimated'* one-third'.—
$691,632
BALANCE
taxes
company has
interest $68,300
Co.
Inc.—Registers With SEC.
The company -announces
Sl.C86.632
375,000
o
1934
1
1945 and $110,705
In
balances
The
series
ing
Kroger
of $115,703
1214".
p.
Bond
See
Balance
such
tended $25,000
p.
since Jan.
treasury
for depreciation of $169,396 in 1945 and $164 6?4 in
deducting U. S. Treasury Tax Savings Notes amounting
$1,075,000 in 1945 and $750,000 in 1944.
fAfter deducting amount
and
the company. •
162.
548.633
Lincoln-Boyle Ice Co.—Partial Redemption.—
653.
Ind.
78,061
548,633
value 1
par
218,861
current
of
&
no
SAfter
,155,
..; >. :
•.
155,Q00
247,095
Feb. 28
company
Straus
of
accumulated
reserve
a
p.
shs.
stock held in
filed, a registration statement with the oEC
for 60.000 shares cumulative convertible preferred stop,;,
$22,50 par
value.
The dividend rate will be filed by amendment.
The price to
the public Is $25 per share.
•
•
•
Of the net proceeds! $600,000 will be paid to the First National
Bank, of Chicago in reduction of its bank (debt.- The remainder of the
net proceeds, estimated at $737,499, will be added to the general funds
874,456
$1,664,765
125,000
(149,522
above. *'Represents 2.792 shares in
mortgage
v " '•; }. * *,
'
Kerr-McGee Oil Industries,
The
225,000
247,096
<24,761 no par shs.>
tAftqr reserve
bonds/ due
Feb.
1, 1953, have been called for irqdemptlon on April I.
next
at
1C0 and interest.; Payment will be made at The Caase National
Bank of the City of New
York, il Broad St.. New York, N. Y.
the
339,235
$3,107,026
1944.
of
of
28,714
208,231
Total
-After
83,490
;
155.000
surplus
employees'
Jpnes Estate Cprp--~C?ins 6% Junior Bonds.—
All
stock
"""Cost of pfd.
162,
underwriter.—V.
principal
named
" ""
"
32.321
76,073
Earned.surplus
replacement of
and for additional
subsidiaries,
its
to
taxes
excess
MttsicraxL Corp.;
its subsidiary,
company
&
reserve
,
$2,075,991
approp,.
a
/.• 132,332
103,443 '
income
$2.50 cumul. preferred stk.
working capital.
V.
Div.
General
372,075
fixed
for
avail,
Inc.
of
and
company
advances made
1,272,266
•
*
Other
shares
30.000
filed
27
Keyes Fibre Co., Waterville, Me.—Plans
from ry. op.
rev.
Railway
.
:f0' 50,776
181.842
profits taxes
^Reserve for Fed. inc. taxes on accrual basis
Reserve for possible future inventory price dec.
130,0p0 shares of common (par 25 cents).
The common shares
reserved for conversion of the preferred.
The price to the public
is $25 per share. '
,vv
"*■*•"'"
Proceeds will be used for the prepayment of outstanding bank loans
General expenses
•
,
social security
general and
Fed.
$117,758
137,823
compen.
payable
for
gProv.
registration statement with the SEC
$1.25 cumulative convertible preferred (no par)
Feb.
company
for
Dividends
and
$1,941,088
460,573
$2,590,254
803,940
of
Maint.
.
Provision
to
oompany
The
shares
"
for
p.
next,
,
The
Preferred Shs.
Calls 100,000
International Paper Co.
.
*
Jefferson-Trav|s Corp.—Registers With SEC.—
,
449,070
780.
p.
\
Inc.# above.
$331,091;
deposits
:
Accrued Salaries, commissions & extra
are
1946
January—
,
teMUgra.
earned surplus, $-,430,o23, total,
$2,023,564; other reserves, $26,462;
$29,307,901,—V. 163, p. 1023,
/
•
See-Jaek & Reintz,
:■.'ypl!;
/
...
.
1
payable.
Customers'
Inc.—MergerA
Jack & Ileintz Precision Industries,
'
LIABILITIES—
Accounts
..
.$14,425,000;
5'if
cumulative preferred stock, $1,054,900,
deposits, $121,351; matured interest, $l,253i taxes
interest accrued, $70,926; other current and accrued liabilities, $146,302;
revenues billed in advance, $7,659;
unamortized
debt,
$45,705; customers' advances for construction, $i93,574, con
In *id of obstruction, $2,591,8*2; reserve
$4,000,000;
sales pro¬
manufacturing and
well-balanced
out and
well-rounded
a
profits tax, $48,700;
and exPenS^*693'301'
refund of Federal excess
deposits, $23,783; postwar
*•
was
incorporated
in
Ip!
Pennsvl-
the; distilled spirits busi-
^.
.
Volume' 163
Number 4471
THE^COMMERCIAL
& FINANCIAL CHRONICLE
1287
from/jgfairi;-ferment
procuredv
/' to the .escrow -agent '-under the • terms of the agreement shall be
used
to
reimburse
McAleer's
treasury for capital expenditures inlivestocfcandpoultry feed.trade through brokers. •
-'
5
multiplied. by. $810,'* and that the difference between the
eiderit to expansion and diversification of
resulting
the company's activities.
Vln* 1941, pursuant to the -terms of- an agreement between/ Perin-v Vligure
aahd/l$2,592,shall^be; immediately; returned by the -escrow ' '
Among post-war products added to McAleer's so-called
sylvania Distilling Co., Inc./' (Md.l, and Samuel S. Glass the com-,
automotive
agent/to ;the company.
;• / '//// - >/
'vV-Sj'V- ■>'>.. f line are wheel chocks, side car carries and a
.compressed air vacuum
pany purchased the plant arid equipment of Pennsylvania Distilling
-The /difference between $810 per share
cleaner, all being marketed through existing outlets for the
and $750 per share, namely *
Co., Inc., together with certain items of inventory, including distill-%
polishing
and
..$00 per ■share/Vis' to be held by the escrow
buffing .compounds,- waxes and abrasives.
agent-under the termsA
war-time
log and bottling supplies, whiskey in process of distillation; grains,r
activity
-
.
-•
'
■
of., the
;
bottles,
<orks;
distillers. dried grains. Company also*,
trade marks and brands of Penrisyl-%
vania Distilling CO;, Inc., The consideration paid
by the company to
Pennsylvania Distilling ; Co./ Ine,., lor the foregoing property "Was*
caps,
cases, and
of the labels,
purchased certain
$251,542, represented by cashr in the
money mortgage of $200,000,
amount of $51,542 and
which the
sisting of 2,500 shares
$247,716; which is equal to
goodwill).
Under
share of
per
the
Long Island
the
contract
Penndale
railway..
railway—
income.—
from
ry.
purchase price
163,
163,
Levins
is
(exclusive
equal
to
1945
$3,286,091
465,583
*47,576
'
Electric output of
this
Maddox,
$3,144,846
the
public
for the
week ended March
the
several
of
to
be
and
sold
60,000
to
for
and
shares
100,000
to 'other
issuance
-Eastman,
have
been
during
several .amounts
underwritten
by
be
Co.
and
1946
to
Eastman, Dillon & Co. headed
which
Stocks
—
stock
at $21
In
the
to
above
are offering
to certain
securities
share.
Of
being sold by the:
certain
ia)
aggregate of
an
HISTORY
(
1,
Union
established-
//The
in
and
convert
subsidiaries
and
bleach,
print
be
of
the
finished
goods', into
fabrics
to
goods.
Some
cotton
and
manufacturers and
purchased
by
and
of
the
for
90%
converted
are
by
of
the
fabric
for
into
Dillon
•
1928
the
The
subsidiaries
its
bulk
of
subsidiaries
-
company
all
engaged
to
the
U.
of
sales
the
company
period,. 1939-1944
six-year
women's
children's
and
decorative
and
S.
in
and
inclusive,
was
apparel,, men's
articles, 20%
1.823
977
10,000
1.823
977
'10,000
H.
Lynch,
1944
to
shorts,
to
handkerchiefs,
chain
The
company's
been renegotiated.
for
1942
and
19-13;
However,
the
company
the
to
stock
of
of
or
The
made
were
remainder
reimburse
in
part
of
the
the
on
account
of
going
concern
value,
proceeds
of
to
the
the
will
company
company
for
the
cents
18,
to
date
and
be
used
the
stock
an
and
provides
that
a
dividend
of
$50
per
share
$160 000,
holders out.
and
Howard
Hecht,
per share,
purchase at such
can
dividends)
the
of
preferred
stock,
sale
such
price
the
to
series
A,
stock
offered
shares
-/
stockholders
to
Such
&s
not
are
c
.
for
and
lieu of
purchased
to
an
&
of
to
as
-
an
f
-
Co
have
of 40,000 shares
authorized
but
shares
10,000
by
50,000
stock¬
The
two
shares
shares
of
warrants
provides that until May. 15, 1946,
of
Entwistle
may
deliver their certificates for Entwistle to the escrow agent for transfer to the
when such certificates are so delivered, the escrow
company.
stock
As
which
which
four
of
two
any
of
similar
of
purchase
stock
common
six
warrants
warrants
and
Union
covering
years
.
rt'
covering
of
-
adopted
resolution reserving 60,000
a
unissued
be
may
be so granted.
may
?
"■
/
-
-
v
and
undertaking
for
not
months
six
from
from
distribution
thfc
date
and
will
of
such
Jan. 1 to
—
Nov. 2,'45
Sales
iz
finishing
chgs.
—
&
gen.
adm.
>
.
<
Profit from operations
agree
purchased
resold
and
for
a
obtain
to
a
option.
-Mifc
uicu
pri-
pnoto-'
uiu-
standards
mese
ui4iuguisned.
are
cu.
lw,,
s.jju.aj
tne
uq„ines.s
■
users, .with
~—-Years Ended Dec. 31
1944.,
..
2,641.390
1943
-
1"
hi
2,909,008
-■■■
<
■
1
rri.
1
a.-
1
i
,
1
-.
1
1,1rin
stock
common
will
amount
to
buus/uinml portion*
a
.ti.
'
1
11
1
.
11
r
tunds lor.Wv company; -ts
$4,660,000.
Tne
the outstanding- preferred
'
Sucli' funds'- together
will
stock.
general
funds
income /.—-.J:'
$5,265,195
charges
$4,856,635
40.870
taxes
047,800
-
-
2,935,200
;
income
206,200
—$1,435,124
paid in cash.
434,849
$5,894,453
86,347
774,920
2.171?744
••
•;
pfd.
cum.
Common; stock
On
stock
pfd.
(no
r
;
>750,503-n-770,472
2.984,288
409,577;^
$1,414,046 )
479,799
4,301.254
.'231,466 .3 153,538
1
$1,932,104| $2,246,711
779,799
1,679,799
'■
MeAieet /Manwfacturiiig: Co. ^Stocks Offered—Public
offering Was inade, March: 4 byi ^ison & Cc^ pf. Detroit;
Jlicb;; of-)S0,000 shares of 5 % cumulative convertible^
^refer^ed;stock ;($10^ par)^^)und )50,00d shared
Stock, ($1 par)/ 'The securities
$5 per share, respectively.
'
are
.
in
of common"
priced at $10 and,
-
-
,
Each! share of preferred stock, entitled td cumulative dividends at
the
rate
of
50
Cents
ble, share for share,
a
year
and callable at
$11
per
shtre, is
convertl-
into common stock at any time until redemption,
proceeds from the financing, estimated at $675,000, approximately..^ $345,000 will be utilized to acquire the balapee of the
outstanding -capital -stock of the Bronson Reel Co., BronSon, Mich.,
manufacturter* of fishing reels, and the remaining. $330,000
will be
r
Of
net
be
1 ti
lb
i*ure
'■
..
the
company
arid),
t.M.,atmu
-
:r.
.
of
dairying
u«v
r
.
;
.
EFFECT TO PRESENT FINANCING /
par)—
150,00o
buUtanding
»-
id..
stock.
"r
120,000
(par
8ns.
I,xov,ouu
1,200,000 shs.
sns,
29, 1946, Merck & Co. Ltd. entered into a bank loan
agreement with the Bank of
Montreal, providing lor uie borrowing in
Canadian funds on or before
May 1, 1946, of no.
i.wa o.tou,ouo
iior more than $600,000, to be
repaid $100,000 on Oct. 1, 1948, $100,00Q
on Oct. 1,
1949, $100,000 op pet;; 1, J950, arid
on/ucli. l;
1951, wtth* interest at the rate of 3% per amm«i.
Tnis loan is
intended to enable the Canadian
•
Jan.
subsidiary to
expansion program without obtaining; tunas; from
ou»
w
present
blVIDENPS
.
its
W COMMON STOCK—Company has
paid dividends on
stock' at .the annual' rate of $1
ptr ^ie. t zi cents
common
in tne years 1942 tnrough 1945,
A
per share is payable March 29 to homers ox recur*
quarterly)
of
named
common
agreed
to
oi
slock
^
tento
;
sell
and
each
below
has .agreed
to" purowu
and the percentage of Suui
shares pi preferred stock as are not issuea
the excha:
oner'set opposite'the name of
in
ox
the
u'umucr
-ji
t*»c
oi
120,600
Vi.,vUuil,
*,./»
ociuw,,/
tne
;
.
Com. Snf.
To Be Purchased
...
-.
184,182
$7,514,824
to
4.^41,222
to
Authorized
'
Cr3,90942.848
•-»
♦iitri
Of
applied by the company; to the acquisition,
equipment of manutacturing and other facilities,
inventories end,to other corporate purposes/ - »
-
Cumulative
sale of
JCK/j
t»i.
.
'
with 'Other
be
CAPITALIZATION, GIVING
trie/
>uocw,:Ub
by the company from the sale of the pre
estimated, would provide tne company with not mu.'c
noi less; than:.$832,027 over, and aoove the
amounts
..
„
...
,
.
.,
%■
*/.;^
Peruaxitage
;;;/oi fy-f
Common.
Goldman, Sschs & Co.--Lehman Brothers—.
10.000%
ld.UwO
Merrill Lynch,
—r——.-
* 5.833
Jaifray
Hopwood-:'""i*
-•
;<*v t
-K,
Smith,1; Barney;.'&
1.250
Stone &
Union
G.
H.
T
1,050
5.0u0%
;
900
3*3-3%
;
2.0a> V-
2.063%
'V375
'
f
',600
.
*5.836%
1.oio
2.08*'r
,
,
/>:
3.3i3%
600
1.050
l.2c0'"
L..84
•
-Wertheim
&
&
Corp,..—- ' 4.584
.Corp.—,—/-—4,584
Co.—-1,250^
Co
White, Weld & Co
x.--.
—
——
%
.
...
-.
.
i
<•
.864%.
-•
225
-
825
150
.
825
.4.584%
.
:825
•
i—.
;;
3,333
>063.
825
.
-; 5.«.>»»%
-
:
375
4 584 %
// ;
%
'
//■•. 375
;.
,
,
900
Webstef Securities
Securities
Walker
600
.
.5.6^ %.
4,584
Smith, Moore & Co.x—a——834
2x.o
825
t'-v
ouo
•
.
Pierce,-Fenner & Beane;; 3,333
'Co.*—- 5,833
&
x.d^o
/•:'
////
4.584
;
1,800
Z'C»
»
Morgan Stanley
Piper,
/
4.584'f
(Laird/Bissell "'Sir: Meeds—2,083
Securities / Corp.
nop:
Sioch.-
',f
'
4,584
Prexel & /Co.—
:
>,333
First Boston Co, 5,000
Purchased
v;
holders^
1,250
"Glore, Forgan Ac Co.,
3,333
Harriman Ripley |& Co., Inc.—;——5,000
(Hemphill, ,Noyes & CO.a—-w..
2,083
•Horhblower & Weeks—2,083
Kiddeiv, Peabody & Co..i-,-^—3,333
Kuhn,-Imeb & Co.-—5,833
10 Be
Preferred
10,000 "*/
10,000;/ '
...
Baker, Weeks & Haraen__-,_-_^„„
Blyth. & Co., Inc
Dillon, Read & 'Co./—'J-
Mellon
-
-r-r—from.Coniy../j-—r-
v.)
v.'.,,;,■
...
Shares
Gross
i.t,
received
$7,330,642
146.800 "
issues' of preferred stock
etfewt. fc'#AV 7*: V uA iVliifUkU 01
anu
v>4
cumulative
the company irorn
3,143,909
$5,747,652
; :
4 Vs %
/The net proceeds to he received by
the
shares
1942
'
3,041,048
$4,705,282
> 151.353
of
preferred,stqck'and.tp provide; additional
•
$5,153,693
^. .111,501
purpose of the proposed
shares oi' comnion. stock is to
100,000
presently. outstanding' shares
underwriters
..
"
PURPOSE—The
\
and
the
-
-
V
Muninueturers,
f iooa processors, and various industrial
UNDERWRITERS—Company Has
:
- :
J
•
$41,8.16,13.0 $39,544,060 $47,628,948 $47,749,451
34.022.046
31.929.769. 38,840,246
37,274,899
exp.
Other income
to
be
be
not.
of'issuance
transferee
any
will
required
—V. 163, p. 906.
agent is obligated
uame
ui»
n,i\uiuny years
xri !present
-
Securities
aggregate
an
;
CONSOLIDATED INCOME STATEMENT
Net
and
businesses
separate
conoucteu
Powers-Weightmam-Rosengarien
meeting the exacting
purposes,
$3.50
to
holder may, it is anticipated, be
stock purchased pursuant to his option
Dividends
tcT pay
-
is the outgrowth
medicinal chemical tieid
name
from
years
-
option
investment
gtate
-
td- the-ownors thereof eut of th^
^$750 for each, share of 'such, stock.
The agreement further provides that at the close
of business on
JMay 15, 1946, the number of shares of stock which have been delivered
the
The more' important product,
groups are synthetic vituniris, par¬
ticularly those in the B complex, narcotics,
oa
niti
SUUOr.amides, quinines, antibiotics (primarily
penicillin), anq insecticides
(primarily DDT)."; Other product groups iricluue i«.„uUb,
curates,
iodides, mercurials, .salicylates, silvers, and a
large
o.
uincr
'Iorganic, and inorganic cnemicals. /More than onvn»^ w tue com%
pkny's sales is being made directly to pharmaceutic*
the
common
stock to meet options for
issued during 1946 -to certain officers and
employees of the company in the discretion of the board.--No deter¬
mination has yet been
made as to the exact number of options, if
stock
Fed. exc. pro. taxes (net)
other stockholders
common
and
are
from
years
of 30,000 shares
aggregate
•
agreed
OPTIONS—The Directors have
of
of
of
share,,
per
10,000
aggregate
thereof.
Dillon
aggregate
an
$21
at
company
aggregate
agreed to purchase
shares of common stock,
such
shall
©f the escrow deposit the sum of $750 per share..
i
,
and
,
in Canada.
shall
as
and
The agreement
inc-
t.i
aad;
Company," as a manufacturer of chemicals, is io
manufacturers- of pharmaceutical
products,
ampng-the larger customers -of the company.
MeitW
company's principal subsidiary, conducts a
geneim.,
100,000 shares of
—
distribution,
have
shares
L
^
pt.
from
offering an aggre¬
$ucli; holders of first %
of. $19.50
price
stockholders
'
►
share prior
per
uses.
..
as;
are
#tock; i& f
cerutin
-
at $107
packages/ are handled*
The prooutw oi the
mai'lly ;tor; medicinal; /nutritional,;:industrial,
;
EMPLOYEES—Leon, Lowen¬
Stuart
SftObk; 0ili
V4 *)€>
O
intends to' apply for the listing o* it's common,
cumuta!tlve pretelrea Stock on iuo «.t<v Luik bMcic"
$3.50
the. fine
graphic
J.5
..
AND
M.
6," 1946, Eastman, Dillon
Corp. have agreed to purchase, for 10
thereby,- • or • an aggregate of $5,000, trans¬
entitling the holders thereof to purchase for in¬
an
as
date
aggregate
Income
that all- of the preferred stock of Entwistle shall
immediately be retired- out of the assets of Entwistle at a cost of
$258 200
(par) plus dividends due on preferred stock in the total
amount of $3,766. ' On Feb. 25,
1946, the stockholders of Entwistle
signatory to the agreement delivered to the escrow agent for transfer
to the company,
and the company acquired 1,7,18 shares of common
"«>tock of Entwistle, and by the escrow agent paid to such selling stock¬
of
]1
Fed, norm, tax-surtax
immediately be paid out of the assets of Entwistle to the common
stockholders of Entwistle as of the date of the agreement, at a cost
-
)
666
-
preferred stock as have agreed to sell toGuaranty Trust Co. of New York, as agent,
f or purchase^ prior to A * date pot
100,000
thereof,, and
the
10,000
.
outstanding..
agreement
date
Corp.
ex¬
Under this agreement
the" company -has deposited
in
with American Trust Co., Charlotte, N. C., the sum of $2,592,006,
'
i
2,500
—
common
common
the
of
to
as
Eastman,
Sell.,
1946, between the company and certain stockholders of
%
2.500
'3,000
Securities
(net)
to
3,000
'
Uio
ptf tu/u.
$102
.
Tne company is engaged primariiy; In the manutactuie,; processing,
purchase, and the distribution,, of fine and medicinal cucmicais anddrugs. and is* trie 'principal long-line house in uuc
ovei
i,2uu"
individual; chemicals ana/aru^s, wnich .are Sold Li Vwi%ius .*urms; and
5.000
332
share,
per
or
covered
not-
thereof,
period
the equivalent of $810 per share for each of; the 3,200 shares
of common stock of Entwistle represented in the agreement as being
The
Union
warrants
expire
that
being
.issued
of
the
share
vestment,
for
-Entwistle.
escrow
of
and
per
ferable
good¬
amount
$107.12Vii
j
5,000
271'
purchased-by such stockholders.
COst of sales & oper. exp.
treasury
issued;
prior .to the combination of .the businesses
((Ompany was incorporated in New Jersey Dec. 28,
8.000
"
WARRANTS—By agreements dated March
&. Co.
1946, to
the mill
pended and to be expended by the company in the acquisition of com¬
mon
stock .of Entwistle Mfg. Co. (N, C.). pursuant to an agreement
dated Feb.
shares
such
"Each
other intangibles.
•
^stockholders by the company in
any,
accepted by the board of directors of the company and $1,300,000
paid as an advance against the inventory of the Huntsville plant.
-
12,000
*"
S.
property of Merrimack Manufacturing Co. at Huntsville, Ala., and a
brokerage commission of $80,000 in connection with this acquisition.
Under the
terms
of the contract $1,700,000 of the purchase price
was allocated to* the land,
buildings and machinery, which valuation
"
>
Abram L. Lowenstein
such
holders and employees.
based on the company's experiences
does not believe that such renego¬
14,
at
1,
and
Merck
second
as
stock
BUSINESS—-Company
,
from
the company for the sum of $3,000,000 paid on Jan.
-Merrimack Manufacturing Co., Boston, for the purchase
payments
and
Shares
100,000
tration
profits were realized.
was
as are not
•
stock will-be offered one-half by Lowenstein; and one-half
by tthe ? trustees.'.. If all * of such shares ■ of common stock should be
purchased by
stockholders and employees, the aggregate net cash
proceeds to Lowenstein and the trustees would be $1,950,000.
The
company intends by appropriate amendment to remove from regis¬
1945 have not
of
4,/a%
Exchange.
12,000
322
1,234
underwriters' through
not have been,
large
U.
-
OFFERING TO STOCKHOLDERS
and Leon'. Lowenstein, Milton
the
FURPOSE—The
net
proceeds from
the sale by
the
company
of
49,017 shares of the preferred stock will be approximately $4,923,984.
Of this amount $3,080,000
will be used to reimburse the treasury
No
offer such of the
preferred stock
new
LlSt7NG--Compahy
stock
"
common
will result In any material changes in its financial
statements—for 1942 the renegotiation proceedings resulted in a refund
of
$110,000
to
the Government
(amounting to
$30,800
net
after
deducting applicable Federal taxes on
income)
and
for
1943
the
renegotiation proceedings resulted in a determination that no excess
will
oversub¬
"'shares, bnd (b> to employees of the company in such
;//of the remaining sale3, principally prescription chui%v».i> arm
amounts:<es^shaU be determined- by the board -of
bpttmJdirectors, for pur-,
ties lor medicinal and househoia
use, rieing maoe It. VttiiUUo qpt'oi of
chkse,• at"the price of $1^.50 per.share, after the offering to' stock-'"
distributors, mainly for resale to cirug stores anu
»•,
holders, and prior to a date riot later than May 20, 1946, such of
tiation proceedings
was
The underwriters will
=
fractional
approximately
of toal volume
governmental contracts for 1944 and
yet
has been
.
!
1 0,000
•
332
the ^proceeds
<exdluding accrued
Underwriters ? by such stockholders of
with amounts"paid to; such
and
and
stores
,
10,000,
977
618
Co
with
the approximate dis¬
subsidiaries during the
50%
to manufacturers of
approximately 27%
of total volume.
end in 1945 to approximately 20%
issue
1948, with successive reductions of $x
price onr Jan. 1, 1948,-a'na on each secona Jan. i
including 1956.'
10,000
332
"
Jari.
to
)
20.000
•
____
-
in
offering March 4 of
T'he'rietv. prefe^red stock will be redeemable
^
!
20,000
977
618
number
-
its
During the war years substantial sales were made
Government and its agencies, amounting in 1943 to
volume,
an
outstanding stock being sold by certain stock-..
company.
The
The company is also
valuing'the
in
shares- of preferred -stock,- series 'A,
later«than April 20, v 1946, at. the
converting
26,000
*
&
-
977
1,823
Eichler
40,000
Fenner
Richter.Co.-
common
total
*
1.823
1.823
Pierce,
Beane
S
the
.
Roebuck & Co., and-Chicago Mail Order Co., etc.), 10%
to whole¬
salers, and 5% for export.
The relative distribution of the company's
products in the year 1945 was approximately the same as in the sixyear period
1939-1944 inclusive, excluding sales to the U. S. Gov¬
of
Inc._
Rolling' & Sons Inc
preferred
Hill
V
outlets (including F. W. Woolworth Co., McCrory Stores Corp..
Kresge Co., J. C. Penney, Inc., S. H. Kress <fc Co., W. T. Grant
Co., J. J. Newberry Co.,. and Interstate Department Stores, Inc., etc.)*
15% to mail-order houses (including Montgomery Ward & Co., Sears
23%
Offered—Goldman, Sachs
$116.31 Vi per share arid -the new; stock at
cash adjustments will be paid.
V;;..
10.000
Co.
gate of 100,008 'shares? of
S.
■
7
Holdefs of the outstanding preferred stocks, Until March
11, may
deposit.their shaies in exchange lor new $3.50 preiti.w, ua inc basis/
•
ol
20.000
977
&
trustees .under the Will of
Government,
household-
ernment.
1,954
1,823
Becker
v
retail
S.
3,646
G.
f
..
sales
of
2,954
First .Boston Uorp._-_i
stein
enlarged in 1938 in order to provide facilities for like operations
on rayon fabrics., In addition-to the bleaching,
printing, dyeing and
finishing operations at this plant for the company, the plant, to the
extent of approximately 20%
of current operations, bleaches, prints;
dyes and finishes fabrics for others.
...*
i
i
Excluding
3,646
•
was
tribution
1.954
McDonald &'Co,——_—
sold
Rock
and merchan¬
dising cotton and rayon fabrics.
In that year it organized Rock Hill
Printing and Finishing Co., a wholly owned subsidiary, which con¬
structed a plant- for bleaching, printing, dyeing and finishing cotton,
fabrics, at Rock Hill, S. C.
This plant was completed in 1929 and
.<
3,646
—
such
fabrics
the
at
-
was
.1
Jaffray Atf/Hopwood——
618
First of Michigan Corp
618
Hill Richards & Co._—329
Bingham,-Walter & Hurry——
Rogers'.Ai Tracy, Ihc—J;
pieco
of the
..
Until
preferred stock and 250,000
additional common shares re¬
.
Piper;
greige
*
86,000
*
J
Bateman,
finished
of
*
6,651
3.273
Scherck,
goods,
merchandise
sale
by
grey
rayon
and
and
the
produced
sales.
and
company
plant.
/
all
Corp
Selling *
2,437
;
constituting
approximately
Inc,—Stock
I20,000 shares of
in exchange.
St'kholders
First'California CO.
;
goods
grey
outlets
are
are
ferred stock.
%
6.127
issuance
Eastman,
cotton
raw
fabrics
rayon
goods
grey
Securities
Merrill
the.
(bl
From
Selling
Shields ,&' Co.lL-i.i--
stock?
company and some are-purchased from independent grey goods mills.
Over 95% of the sales by the company and its subsidiaries consist
of.
Cotton
and
rayon
fabrics,
the sales of cotton fabrics
.
the
Purchased
St'kholders
12,416
Nelson Douglass & Co
cotton
to
and
4,563
E.
stock-
selling
common
stock
common
process
dye
or
of
50,000
preferred.
offering to the holders of
outstanding 4J/2% and 5Y4% cumu¬
lative preferred stocks an
opportunity to exchange their
shares for shares of a new $3.59 no
par cumulative pre-v
Com. Shs.-
A,
operate
company
shares
with
the
its 100,000 shares of
^follows
as
&) Co.,
scribed.
and
Smith,-Barney.&,;Co.i_-*__.-.W. C. Langley & Co
.
of the"
Lowenstein.
•
Merck
18,000
meet"
•_
The
BUSINESS—Company was incorporated in New York
the textile merchandising business originally
1889
by Morris Lowenstein and his son, Abram L.
to
are
-
Company
»
Dillon & Co.
Kuhn, Loeb & Cp.__
Blyth & Co.* Inc.1
AND
1918,
to
several underwriters
them, respectively,
Hemphill, Noyes & Co.__-
100,000 shares of
company'is reserving 50,000 shares of its
June
All
stockholders and employees at $19.50 per share,
upon, the exercise of warrants to
& Co. and Union Securities Corp.
50,000
of
holders of the
the '
officers
From
Name—
Eastman,
stock is being sold by stockholders.
addition
l?olders_
em¬
Securities
From
per
stock, 49,017 shares are
and the balance by stockholders.
common
ol
outstanding cipita'.iza- '
118,000 shares of common, stock of the company at $50^
per share.;/Of these shares 100,000 are of new issue and
50,000
of
issuance
certain
of underwriters
group
the preferred
company
the
stock,
conversion
McAller's
*
a
public 75,267 shares ofJ
preferred stock, series A ($100 par)
and 325,000 shares of common stock
($1 par).
The pre¬
ferred stock was offered at $104 per share and accrued
common
Union
Preferred Shares Purchased
cumulative
dividends and the
of
common
financing,
& Co. and Lehman Brothers made
'
Offered—
March 7 offered to the
on
4V4%
and
exercise
for
-
Inc.
while,
tubing
Net sales for the 10
"
being
are
outstanding,
the
&
the
consist
of
for
—
of
metals,
metal
80,000 shs.
stockholders
to
reserved
••
names
welded
high
*1,000,000 shs.)
shares
upon
Dillon
will
shares
served
their
-
1,000,000 shares
•
Sons,
for
being registered, of which" 325,000
stockholders are being offered to
stockholders
the
to
reserved
UNDERWRITERS—The
-
-
&
tion
addition
$25,000
1,500,000 shs,
underwriters
powdered
'•
Upon completion of the
1946,
2,
kwh., as compared with 28,883,000 kwh. for the'
corresponding week last year, a decrease of 8.0%.—V. 163, p. 1160.
"
Lowenstein
each
are
options- which; may -be issued
employees of; the company.
26,560,000
(M.)
for
In
agreement.
sum
/
selling
~
selling
addition
have-been
warrants
•
-certain
certain
In
shares-
by
by
by
ployees.-
306,487;
*187,469,-
owned
offered
$2,986,110.
'
par)
series A____
pani*—a—.u.j,—.
of
make
to
months ended Oct, 31, 1945, were at an all-time
of $6,529,654, contrasted with $4,731,836 for all of
*
^
1944, while*
net income, for the 10 months in
1945 amounted to $91,182,
against
Authorized-*^ Outstanding %;
$78,410 for 1944 as a whole.—V.
163, p. 314.
150,000 shs.
'
1>
($100
cumulative,
Common stock ($1
*72,582
$3
GIVING EFFECT TO PRESENT FINANCING
•
stock
'4V4
403,482
-
of
amount
"company has paid William
acquisition.
production
"
the
the
the
the
proposes
small diameter,
/..yv;*..:,
Building, Atlanta,
the
Jr.,
.
Preferred
of
1943
.
company
brokerage fee,
F.
is being continued -is
additionally-, .the company
v
v
Louisville Gas & Electric Co. (Ky.)—Weekly
Output—
;
and
Robert
CA PITA LlZATION
Corp.,
totaled
and
services/in bringlng about this
.
$99.09
1944
148,999
•
commission
shares
665,793
781."
p.
this
"Only 475,000 of these shares
$3,335,567
oper.
; *Deficit.--V.
contract 'foith*
a
654.
p.
*1946
from
Net
into
Penndale
assets-of
net
this
stock.—V.
January—
Net
to
A.
RR.—Earnings—
"
Gross
purchase
a
that
application to certain adjustments
provided
and to payment - to William A.. Levins
and
both of 22 Marietta Street
Jr.,
Ga., of commission and brokerage fees in
share of stock sold under the terms of
Distilling Co., pursuant to*
purchase Penndale's entire capital stock con-'
(no pari, on
or about March
15, 1946,' for
will
company
Robert F. Maddox,
which has since been paid in full.
: EXPANSION
PROGRAM—Company has entered
the
present
stockholders of
Penndale
agreement for
.the .agreement'
for-.In
22.>
3;.-33%
.
2.0.3,%
LOO
.
-
; 3'.5
'
;
*
Monday, March 11, 1946
m'-r
V CONSOLIDATED INCOME STATEMENT
K
Dec: 31-^';/
/Years Ended
ST*<gfe TiS Woo
5,SS0.J22.■•:5,232,010
3,438,279
2'4]2.578
admin, expenses——
Research tnd development expenses
JProv. for doubtful notes and accts.,
end
Selling
48,115
,
S3,3ou
—*
Income-
Income
ircome
federal
excess
,
«»f
M, ?22>S™
1,137,273
ocducllons—
Jfi-rf/ral
?K«If
1,154,840
tax-—4^083,913
3,693,941
8,950,740
553,234
536.756
575 426
cm.m
»profits"
crmToo
Sales.
, m'457
1,133,40/
cwffiS
tax
>
,
income.------^----—
income
Divs. on S1/*#
Net
Divs
Divs.
pfd—...
ago.—V. 163. p. 783.
824 a year
49,000
256.0QO
241,608
oai'inH
241,608
1,000,000
1,000,000
-
-—.1.—
'
5
241,608
,•
income
Gross
in. February; 1946^ operated 199 stores, as against
in the "same month last year.—V. 163, p. 1031.
'
COMPARATIVE
1946—Month—1945 $3,632,146
$1,971,664
:
<•
retail.*
at.
163, p.
782,^.:i#;;;^'-!-K:c:; •:
supplies
and
Materials
1
y
-
• •
.c.
68™*™-.*
—v.
163, p.
*
Accounts
Other
■
:
r
;
in aid of construction—
-
railway.*....
from
Net
—V. 1.63? p.
:
1663,534,000
v^
907*1
Mira-Mar Hotel
'
"
All
293,287
386,720
363,702
132,277
193,866
' '
in
: ;
'.
Co,,
these
as
from
Gross
'
Net
'•
■$» «-w
railway
railway
from
1
Building Corp.; Chicago..T^Cans Bonds*
—V,c163,
bonds due
called for redemption on April 1, next,, at
will be made at the City National Bank
trustee, 208 So. LaSalle Street, Chicago, 111.-—-V., 121,
p.
$210,268 iV
45,556"
j Mission- Appliance; Corp.—Registers
With' SEC.—8
and
The company-on Feb. 26 filed it registration statement with the SEC
133,000:shares of common stock (par $5), Of the total 102,150
are being sold by
the company and 30,850 by certain stock¬
holders;^ The price to the public will be $8.25 per share.
v
Net-proeeedsnto the company will be used to purchase Teal property
for
8,071
108
»
r
t-
•
.J
1943
,
$454,5lb
$125,000
200,000
$125,000
175,000
25,000
1,352
■
1,12T
Contributions
construction
'13,363
84,097
■.
aid of
in
335
281
—
surplus
167
-
——
liabilities:
accrued
k
2,655
.
-*—■
Customers'advances for
Earned
549'
,
$464,205
4,581
current
453
.
accrued
Reserves
.-
15.011
2,972_
789
...
-
accrued
147,773
;
:
3,510
—
-
4.06O
'100
"
16,989
—
Other
>
3,000
;
Capital stock: (2,710 shares no par)—*
1st mtge. bonds 1972
*
Notes payable
Accounts payable—
Interest
1944
>
10Q
-
—
33/4#
100,750
construction
14,818
'
'
475
r
77,557
i
475
35,282,
32,158
$464,205
^
—
$454,510
—
783.
been
have
called
Redemption—
—V.
—
_—
162, p.
1288.
v
r
"
"
'
for
.
„
3,388
$428,272
——
-r
LIABILITIES
V
100
r—
Pennsylvania RR.—Earnings—
January—
Gross
^Net
1945
1944
1943
railway,— $68,462,415 $76,283,661 $79,533,293 $73,500,244
railway——
11,787,645
12,734,045
18,055,049
19,539,900
from
Net
1946
from
•
.7
"
-
supplies
Total
redemption on April 1, 1946, at 100
and Interest, $14,000 of first and general mortgage 5# income bonds,
series A, due April 1, 1964.
Payment will be made at the Harris Trust
& Savings Bank, trustee. 115 West Monroe St., Chicago, 111,
This corporation is successor to Northern Indiana Ry., Inc., under
plan of reorganization dated March 27, 1939 and declared operative
Jan/4, 1940 (see V. 15.0, p. 1608);
'
'
V
:
Pr 83.
$6,924
-100
,
——
receivable
Total
There
7,231
<
1
$434,530
-i—
receivable
$216,655
Northern Indiana Transit, Inc.—Partial
Payment
1945
"
'
..
—
461,139
,
-
-
25
31
——
Prepayments-
-
-
investments
cash
123,593
,
».*
8,401
DEC.
—
$241,695
98,715
.161,944
7,525
SHEET
••
.
.
$14,155
$11,736
BALANCE
•*'>
deposits
Taxes
-Earnings—
1945
VV': 1944
-104$ : :
$173,672
_'L
r;
—
plant
Materials
*
income—. 135,409
Net ry. oper.
$14,130
$19,261
—i
-
Notes
Connecting ^
-
2,441
7,334
26
appropriations
Accounts
com¬
•;
'
y it r-
;
:
$19,235
investments
Special
the New England Gas and Electric
...
.
33,924
™_?
*
ASSETS--'
Utility
Other
cu.
'
^
•* -;v'.
N<iw York
'
have been
and interest.;
&. Trust? Co.,
:
ft.,
299,018
-<■
-
$508,538
at the outstanding first mortgage sinking fund 4%
April..!,. 1950,
100
■
14,971
[*
-
$517,654
Power
1
;
COMPARATIVE
•'
1946, is reported .at 690,115,000 cu. ft.,
ft., or 4.01#" above production of
the corresponding month a year ago.—V.
26,581,000
cu.
163, p. 1162.
$1,132,494
,
-^v
International
1944
$57,829
29,218
income
Dividend
1943
1944
$1,285,429
201,342
63,835
- *;;
;
Net-ry. oper/income
and
.
14,824
the Association reports electric
1946,
System. ■;(
Gas output for.February,
of
'
$61,087
income
deductions
Cash
28,
working
inventory and
'» '■".-v" '
IncMPartial Redemption.
«net>.
income
Net
Electric Association—Output—
ended Feb.
and
operating
income
Income
1,832
16,432
'
'
*
panies are no longer members of
increase
-■
8,156
11,750
.
Electric, Co.,
Croix
y.
1886.
—
7,009
of 50,467,841 kwh. This is a decrease of 1,023,810 kwh, or
production of 51,491,651 kWh. for the corresponding
a year ago.
These kwh. totals do not include the output for
month
St.
Increase
161, p.
4,479
Gross
below
2.00^
to
v.:
revenue
normal
Utility
1287.
the month
For
.
output
and
named.—V.
6#
Temporary
,
branches
existing
; v/
underwriter
surtax
122,843
-—
—-
p.
6,483
11,750
.—*
y ;; j,
162,
expand
Other
.
time to
$1,252,122
to
Retirement reserve accruals
1,875
12o
129,791
1,940
14,824
"
retirement
for
surplus
v'
—V.
vV'c..
expedient.—V. 163» p. 907.
1945
with the company to purchase at
capital stock offered which are not subscribed in accordance
terms of the offering. Union Oil told Pacific that the shares
be purchased by it will be acquired for investment and, not lor
Federal
242
and accrued liabilities
credits
Total
:
;
as. may be fixed by the directors, such
in the aggregate the sum of $7,500,000 or
1946 ■
$1,225,521
•.
railway.—
from
the
3,466
1,875
reserves
..Earned
Minneapolis & St. Xouis Ry.-^Earnings—
January—
Gross
Union Oil
of capital
outstanding shares, has
the subscription price all
of
Pennsgrove Water Supply Co.—Annual Report—
:5;., V ! -f "
■
1945
562
342
3,630
—
Capital surplus
an
■
42.45#
12 Mos. End. Dec. 31—
12,042
200,000
accrued
Contribution
'
Mining-Corp; of Canada^Xtd.—-To lncrease Stock^*
March 18 on increasing the authoilised
capital stock-of no par value from 2,000,000 shares to 2,500,000 shares.
syclrgreater amcunt' as the board may deem
constituting
the
Operating
$117,000
12,042
200,000
1,543
payable
deposits
Reserves
Thet stockholders'will vote
consideration
$117,000
accrued
Taxes
New England Gas &
'time tot such
consideration not to exceed
$508,538
1960—
Customers'
$1,892,458
from
Pacific,
Operating revenue deductions nJ.
($25 par)—r»——;
stock
^Deferred
$4,636,042
'There-are 1,754,006 shares outstanding at present.
The additional shares
may be issued and allotted
of
20-year
382
$517,654
-
'
•
$6,528,500
-
536
1st mortgage bonds,
33/t(/o
Increase
782.',</
share for each share
one
capital stock held at a price to be filed by amendment.
of California, the beneificial owner of 212,234 shares
Payment will be
24
2,645
4,403
—i,
Premium on common stock-—
1945
subscribe for
called^fmr^^Teiieihptiott^"oh'ApHi. 5, 1946* 830,00$ of
debenture bonds due Jan. 1, 1960, at par and interest.'
made, at the Tradesmens Natiohal Bank & Trust Co.,
sinking fund agent, 1420 Walnut 'St., Philadelphia? Pa.—V. 161* p. 1099.
14,000
14,670
•'
■
Common
1946
%
"
right to
There have bteh^
8,927
14,319
LIABILITIES—
Sales Rose»-~
Mercantile Stores Co., Inc.—Febr\iary
Month, of-February—
*
the
for
with the SEC
statement
stockholders
(Joseph RX) Paiterson &
$467,889
,,
.,.
Total
Interest
\."r
its
to
capital.
1944
receivable
Interest
to
29,398
*
Prepayments
*
.
'
$468,998
;
—*
cash Investment-^.-—
Accounts receivable
—ei*--—--r
1946—2 Mos.—1945
$6,998,530 $4,086,508
---J. ^
-V;,-.' -
filed a registration
capital stock, par $1.
offers
company
No
1945
Utility plant
202
Corp.—February Sales Up 84.21 %♦—
Period-End; Feb. 28—
Sales*
7,020
31
DEC.
SHEET
BALANCE
Cash
,
Melville Shoe
**-V.
$7,721
——
^Temporary
1946—Month—1945
1946—2 Mos.™1945
$5,289,321 $4,746;742 $10,212,838 $9,482,196
..
1032.
the purpose of resale or distribution.
'
;.
-,. :
Part of the proceeds will be used to. discharge a- bank, loan due the
Bank' of' America National Trust "k Savings Association.
The company
contemplates the balance will be used as follows in part to establish
new branches in Alaska, Washington, Oreogon, California
and Utah;
6,552
——
——
Other current
f
so
$15,302
7,581
ASSETS—
Corp^February-^ales Up 11.43 %--r,
The company
„
shares of
$8,012
—
appropriations
'
$482,192; total, $36,352,070.
LIABlLrnES^-Account» payable, (trade), $3,139,371; payroll deduc-.,
tions for war bonds and tor taxes, $252,766; Federal and Canadian
income- and
excess
profits taxes accrued, $4,859,909; other taxes
accrued,- $137,386; accrued payrolls, $379,657; miscellaneous accruals,
$11076' due to subsidiaries, not consolidated, $89,786;
reserves for
war
and postwar adjustments, $1,613,125; reserve for contingencies,
$496,995; reserves for self-insurance, $153,161; 5V*'/c cumulative pre¬
ferred (par $100), $4,631,000; 4»/2# cumulative preferred <par $100),
$5,369,000; common stock (par $1), $1,000,000; paid-in surplus, $4,058,013; earned surplus, $10,160,820; total, $36,352,070.—-V. 163, p. 907.
fc»les
income
Net
Dividend
•
End. Feb. 28—
banks
Corp^—Registers With $EC.—
agreed
$15,596
7,583
'
—
——
deductions
Income
jOther assets,:
McCroryrStdm
be-
'
commercial
to
sell
t^nied fy. tb^
has
company
stock
87
for
'A, Period
and
then
~
depreciation of $5,421,027), $13,709,022; goodwill, trade¬
marks, etc., $2; prepaid expenses and other deferred charges, $267,172;
stores
Co.
current
reserves
'
of
excess
assets, $845,981; capital stock of subsidiaries not con¬
solidated (net), $27,000; indebtedness of subsidiaries not consolidated,
(net)
$2 000; other investments (net), $31,893;- fixed
assets (alter
other
fas
Pacific Airmotive
$15,215
156
(net)——'-
income
plus-accrued dividends,
issue
146,478
exchange
t
the company,
$15,439
operating'"income_™-™-_-
Utility
the
would
serial notes, not for resale to the public and bearing
1%#, payable over a period/of 7V* years.
\
proceeds from ^the^vsale,:witn; treasury funds,. will: be vsedl to.
retire 33,978 shares of old preferred in the amount of $4,247,250, and
prepay outstanding serial notes aggregating $4,875,000.
v
»- Oklahoma's request for an order nullifying an undertaking entered
Into by the company and approved by the Commission in 1943„ regard¬
ing a restriction on the payment of dividends on the capital stock of
7,550
'•
in
preferred
The
with
Other
to
outstanding
tendered
old
of
its
of
stock
150,000 shares on the basis of three-tenths of
7,586
•
share
a
-■
'
$9,075,000^of
1944
$48,279
23,015
2,499
.
accruals
Retirement reserve
$125
proposes
shares
shares
of Rule
r.L\ :
requirements
■,;
interest at
The
1045
$49,417
.'Operating revenue deductionsr-^
—
23,574
Federal normal and surtax—^——2,817
941008
112,500
preferred
33.978
the
in future
shares of cumulath'e preferred
675,000
first
at
from
precedent
any
as
y-r
V'.
the
par)
($100
also
matter
exemption
offer
remaining
Oklahoma
Co.—Annual Report—
; 12 Months Ended Dec. 31—
ASSETS—-Cash, on
-
the
7#
redeemed in cash
1946—2 Mos.—1945
$5,114,470 $4,791,442
Operating revenue ™——,.i—.——
hand and demand- deposits, $4,467,168; U. S.
profits tax refund bonds, $1,458,985; Dominion of,
Canada bonds $370,993; accounts receivable (after reserves for doubt¬
ful accounts receivable, $252,589), $4,070,180; Inventories, $10,619,482;
-
Government
for
The
-
The
New Canaan Water
1,000,00(1
•
of
163. P. 783.
DEC, 31, 1945
CONSOLIDATED BALANCE SHEET,
-
will
150,000 shares of
82,242,108^ $3,596,269
oli'^no
,-*,<
.
—V.
-
Gas
exchange
offer.
/
1946—Month—1945
$2,733,038
$2,499,207
Period End. Feb. 28—
the
grant
-
shares
Sales Up 9.3%—
Neisner Brothers, Inc^-February
$3,852,269
pfd..— ...
common
on
$2,291,108
$2,283,970
———-
4%#,
on
82,388,970
105,000
Net
in
operation, as against
Feb. 23. 1946 had 746 stores in
will
we
Oklahoma
.$7,502,615 $20,314,438 $14,833,414
$10,532,641
—
The company at
Sales
-
cases,
without considering this
U-50."
National Tea; Co* Chicago—Current Sales Up 40.4%—
Period End. Feb. 23— SI 1940-4 Wks.—1945
1946—8 Wks.—1945
and credits-.**-?-- ,J
income
^ Total
v
88,0<0.005 «MH *",597,718
225,550 r
230,048
- 282,718
WoHt——:
Cros,
Ofber
7,55$
;
and
case,
authorized common shares to 1,000,000 from 200,000.
There are 149,494 shares outstanding.
^ H
Ralph W. Bolsinger, Secretary, in a letter to stockholders, said
the increase in the authorized common stock is intended to provide
shares for future financing if and when the desirability shall arise. .
The corporation has no present intention of undertaking any such
financing, stockholders were told.1
Under provisions of the charter
all authorized but unissued shares may be issued in the discretion of
the directors.—V. 163, p. 315.
■
•
increase the
to
ry.
oper.
income™
-
6,591,513
6,237,713
6,978,437
7,730,860
—V., 163, p. 1032.
.
shares
Mission Water
and fixed-assets from
additional, acreage;
Heater Co.,
$250,000;
v';":
principal underwriter is Lester & Co.; Los Angeles, .Calif.
•'
:
'v.:. V'^
-
V
T
1946
$131,653
railway—♦14,051'
Net ry. opej. income*-*
*35,395
♦Deficit.—V. 163, p. 782.
January—
-
,
Gross-from railway^*-:
Net
from,
1945
$226,333
,41,557
' 4,263
and dividends.
Payment of the full redemption price, plus accrued
dividends to April l, 1946, will be made on and after March 18, 1946,
v.
Northern States Power Co.
1944
^177,623
37,392
7,759
1943
$162,367
/ 30,829
; :
6,479
47,799,000
kwh.,
as
the week «ndedt March
compared
with
46,351,000
kwh.
Norwalk Tire & Rubber Co.—Calls 7%
January—
v Gross
from
Net from
Net
ry.
railway*-*-
railway
±*i
income™
oper.
/—V. 163, p.
782.,
1946
$605,939
321,281
158,867
for
the
Organization
$492,287
233,626
1944
$574,920
306,436
96,719
126,337
.
1943
$597,030
323,935
133,376
:
^
Stock,—.
Mr.
Period End. Feb. 28—
-
Salesk—v—^-
1946—Month—1945
prior
share.
would
the
:
v-:
stores,
Elcctric
ferred Issue.—Adopts More
as
Co.—SEC
A
new
emption
.
March
6
and
more
from competitive
by the Securities
that
,
the
bidding requirements was disclosed on
and Exchange Commission- with the an¬
the outstanding common
holders of record March
made
in
each
20.
r
1945.—V.
162, p.
2821..
view
that,-as
a
matter of future
The Commission said that it had changed its
point of view since ap¬
proving without competitive bidding the preferred stock financing and
exchange in the case of the Cincinnati Gas and Electric Co.v
.
:
The Commission
added that since the Cincinnati decision it had
declared a dividend of 50 cents per share
stock, no par value, payable March 30 to
Distributions of 75 cents per share were
quarter during
the
ordinarily be submitted to competitive bidding
involve exchange offers."
;
,
.The commission made known its position in approving an applica¬
tion filed by the company requesting exemption from competitive bid¬
ding- with respect to the proposed issuance' of 675,000 shares of 4#
cumulative preferred stock,
($20 par) for purposes of an exchange.
National Enameling & Stamping Co.—Reduces Div,—
1
"now of
Act should
whether or not: they
which also includes; J. W. Farley, Robert Amory, Paul A.
Draper, A. W. Hunnewell, Serge Semenenko, J. Arthur Warner and
Robert B. Hamblett, the latter being a new director.
Robert Amory
was re-elected Treasurer and Walter Whipple as Clerk.—V. 163,,p. 196.
The directors on March 6
is
•
"given xonsiderable study to the general problem of competitive bid¬
ding on preferred stock issues."
"However," it said, "the present issue was the subject of informal
'discussion with the staff of the Commission prior to the formulation
-
,
;•
policy.
The proposals have been approved by the
National Radiator Co,—Stock Split-up Proposed—: V : »
'Oklahoma State Commission as to the accounting entries, and the
--issuance of the securities has been submitted tQ and approved by the
The stockholders will vote March 14 on a plan already approved
'Under all the circumstances of "this
by the directors to spilt the Common stock on a 2^-for-l basis and -.-Arkansas State Commission.
of
the
above
Accruals
on
are
the
get
stocks
with
an
■■
:V"
■
indicated
—
value
of
$103.—
'
V
i.
Iiic^Diyidencls.^
March 5 declared a dividend" of $1 per share
non-«iumulative second preferred stock, no par 4ralue, and
quarterly dividend of $1.12% per share on the $4.50 cumu¬
lative first preferred stock, both payable April 1 to holders of rec¬
ord March 20.
Like amounts have been paid each quarter sTnce
The
requests for ex¬
directors; pa
the
$4
usual
and Including
policy, preferred stock issues under the Holding Company
board,
on
it
would
Philadelphia Dairy Products Co^
'
nouncement
Royal 8, Little, President of Textron, Inc., which recently acquired
a controlling interest in
the Nashau Manufacturing Co., was recently
-elected a director of that corporation. : Two other Textron officials,
Charles. H. Dyson and J. LJnzee Weld, were also added to the Nashau
.
dividends.
the merger, he added, the prior preference stockholders
get stocks with an indicated value of $119, and the holders of
preferred
on
with regard to
■'
Marquette preferred stocks
accrued
—dvr;" —. v-
Stringent Policy Regarding
stringent policy
plus
163, p. 1201?- — ,i" '
Approves Pre¬
Competitive Bidding—
",^1-
Nashua Mfg. CO/—New Directors—
.
&
share,
a
preference are $36.25 a share, and on the preferred, $72.50 a
According to the proposed exchange of shares, which would
s...
1946—2 Mos.—1945
The company in February. 1946, had in operation 209
against 207 in the same month last year.—V. 163, p. 1161.
?-
V.
Gas
points out that the Pere
$100
at
consummate
payable to stockholders of record March 15, 1946,—V. 163, p. 657.
Oklahoma
$6,659,G16$6J330,244 $12,978,313 12,288,866
..
;
:
Berse
callable
(G.C.) Murphy Co.—February Sales Hose 5.19%.—
v
Ry.—Group To Oppose Merger.—
protective
a
issues.
cumulative preferred stock, par
;value $50, have been called lor redemption on April l, 1946, at $57.50
Payment will be made at the Guaranty Trust Co. of New
'per share.
York, 140 Broadway, New York, N. Y.
•'
;
: The regular quarterly dividend of : 87% cSnts per share payable On
these shares on April 1, 1946, has been declared by the directors and
Is
of
committee representing the holders of
prior preference and preferred stocks which would oppose ^this com¬
pany's 'proposed merger with the Chesapeake & Ohio Ry. has been
urged by A. G. Berse, a stockholder, in a letter to holders of those
;
All of the outstanding shares of 7%
1945
Baltimore St., Baltimore, Md.—
253.
p.
Pere Marquette
2,. 1946.
corresponding week last year, an increase of 3.1#.-r-V.;i63r,p. 1162.
Monongahela Ry.—Earnings—
151,
(Del.)—Weekly Outputi—
Electric output of this company for
totaled
.
.:
the Baltimore National Bank, 25 E.
at
l
'
.
Peoples Water Service Co.—Calls 6% Stock—
All of the outstanding shares of 6# cumulative prior preferred stock
have been called for-redemption on April l, next, at $107.50 per share
from
.
Missouri & Arkansas Ry.—^Earnings—
.
Ry.—Earnings-
V.
1946
.
1945
M944
1943 railway—-- $10,844,170 $11,973,775 $11,628,183 $10,071,525
Net from railway——
2,364,327
3,028,191 : 3,156,113
3,185,522
Net ry, oper. income—*
1,539,553
1,659,079
1,569,576
1,996,966
—V, 163, p.. 783.
January—
Gross
to general
and balance of approximately $411,154
funds;^v,:.>-:j:.;.;:^:s^ '
l>c The
Northern Paciifc
:
purchase
ApjU 2,
I9,^*^y«:4$2f, p., 2518,;...^
PhiladelpMar Suburban, i^ater
Operation
All Federal
Co^—Earnings— '
'1946
V12 Months Ended Jan. 31—
—I
(incl. maintenance).—_
Gross revenues
—*_
and local taxes_4—*
Interest
charges
Other deductions
Balance available for dividends..
:
1945
.
"1944
$2,929,515
$2,901,428
1,247,387
1,224,246
1,084,131
.578,46?
549,521
465,329
Crl0,567
$575,985
BALANCE SHEET* JAN." 31,
ASSETS—Jtilitv
mept. securities.
,
$2,951,092
CV264
—!
519.956
551,621
$698,886:
' 553.146
: >
;
Cr45.561
$789,7
1946
plant; $29,299,986; cash, $1,820,503; U,
$1,324,216; accounts receivable. $132,645;
Gover
materii
and^'xapplies, $135,844; other current assets, $210,444; prepaymen
$13,8^0' unamortized discount, expense and call premium on retii
bohds,,,$103,721; unamortized expense on outstanding funded -de
$145,720; unamortized cost of past service benefits—emn'ogees' reth
Volume 163.
tnent
income
Number 4471
;
debits,
$121,5481 ? undistributed
plan,
$33,321,570. ^
;
THE COMMERCIAL & FINANCIAL' CHRONICLE
v
■
:
*
$13,092;
' / '
total,,
STOCK PURCHASE
$2,500,000;
bonds, 3series due 1971, $16,375,000L
to
1-31-47, $675,000;
common
stock;
preferred stock, $3,200,000; serial notes ;•
cumulative
1
rlnW'L
C1KA Iliin-
Sonntlt'C
onnmimori!
fttt'
WARRANTS—Company will
issue
150 000 stock
purchase warrants, each warrant entitling the hSSer
purchase at $6 per share, at any time after Aug.' 1,-1946
before Feb. 1, 1951, one share of common stock (par $1).'
7
LIABILITIES-—1st mortgage
serial
notes
due
subsequent
In conftection with
nthor
l.ha'
nn/lai>ni<l)',»
this financing; the
....u
or
.
The 'tnistees have declared a dividend,of 15 cents per share, pay*
able April"20 to holders of record March, 30. Payments in 1945 were,
: as follows^ April 16, July 20 and Oct. 20, 15 cents each; and Dec. 13?I
,
^li
to
r**»+
ift
(George) Putnam Fund of. Boston—15-Cent Dividend
-
.9i'
.
Rs>ctAM
*
to
bri
and
aWed
has
comnanv
,tAAl>
tS(?
1283
35
CentS.—7-V. 163, P.
820.
!
Raytheon Mfff. Col—Consolidation Approved.-
321,570.—V.
163,
the
electric
Week
March
2,
one.
n
its
subsidiaries for
128,051,000 kwh., a
i.!
*
w
.,
in
certain
are working on the legal details involved, and ,a$
,,soon,as.these;,aref completed special meetings of; stockholders will b9
called to vote on the plan.—V. 162, p. 1807.
;
'■
15 managmg nnderwrlter,-;1iorbocn companies
•
,
^
5 ,° purcb&se the shares and warrants has been
Other dealers in securities have become parties to the under-
made.
Five shares of Raytheon
with the latter
special situations. Counsel
of Submarine Signal;
share
interest
an
the
company
and
1946 amounted to
for
output
ended
announced on March tt.
was
for
Philadelphia Electric Co.—Weekly
The
.
it
companies,
945.
p.
decrease
of
1945
Shoe Co.—Stock Offered—As mentioned in our
No. of
for redemption on March 30, next, all of
lts: outstanding SV*',>
cumulative preierred stock, par $100, at $105
pet share and dividends —V. 162, p. 3198.
The
has called
company
H,+;Ji
R.
Pittsburgh Steel Co.—Exchange of "B" Stock—
j.
c.
200
Bradford
&
6oo
4 ioo
'
,
4aoo
fifin
>st
exchah^p
of
that
nreviouslv men sent to?eachholder Of mass *
previously be*n sent to eacn nomer 01
has
The transfer agents are:
Wood
St., Pittsburgh,
McAlistersmith&Cp»!?e
}
163,
Pfi-V.
1201.
p.
,>•.,,
•
,;; ? ,
Vivian
lie Offering Of 4o0,000 shares, ($1 par) common stock Was
made March 5 at $6 pet'share by an linderwritilig group
Sltities
neaaea by K. M. Jonnson & L.O.
fered as a speculation. •
:
;
cS
incorporated
New;York on Aug.t 4;-1932, as Pratt's Fresh-Frozen Fruits, Inc.. and
adopted- its present name in 1934. Company commenced operations in
J932 on a Iiinited scale; acting as « wholesaler«and coprocessor of a,
jiftstrleted number of cold pack, fruits, and selling to institutional
consumers
and food manufacturers, such, as ice
cream raanufacturers, commercial pie bakers and in similar commercial channels. By
1935, additional items of quick frozen foods, principally vegetables,
were
being processed.
Although business continued to be operated
^ .aJery hniita#stole, the company also began-operating as a primary 4'atyihtttiEi^''$ieltU9ijg. ^.phc««sald^ '.Ming-: the Period between
1935 and 1941, which was one of further development in freezing
.technique and consumer acceptance of quick frozen foods; the com.*
managing
was
?a?«fS"iS,lt^n<i "amei 3nd StJ"eS W"h reSPeCt
As
Jan?
of
stockholder,
used
mark
and
1941I
1;
the
containing
tradename
sold
company
its .trademark and
therewith
the
"Gem
to
George
Edwards,
the
and
emblem
used
:
^
"
;Npf
Sell
een
book
at
of-
stock
its
having
a
*a:r
*
•
ss
Mof
Th.
engaging
on
junction
;
sales of fresh produce.
It had, however, added frozen
vegetables to its sales line and was in a position to carry
development effort in a full line of frozen foods in con-
with
In. the
its
early
sales
part
able
to
on
transferred
were
ventories
of
produce.
\.7
developments in thc industry, .coupled
in frozen foods, made it. desircompany, and to resume operations as .r.pri.
scale.
Pratt-Smith
foods
packaging supplies and
The
interest
increased
an
from
frozen
fresh
1943,
consumer
the
reactivate
distributor
mary
of
of
-with,an increase in
p
in
As
Produce
warehouses
Feb.
of
its
Smith
saler
In
of
the
on
the
became
Corp.,
and
ers
Inc..
New
of
On
Nov.
30.
company
an
York.
acquired
The
distribution
to
known
Pratt-Smith
stockholders
$9,999.
•
of Aug. 1, 1945, except for the sale of
in
the
New
York
Metropolitan area.
_
frozen
Pratt•
On
Feb.
6.
shares
30,000
of
common
stock
(10c
par).
;
,
rnManrmi-ron
used
arid
packaging
be
to
added
materials
to
working
earthing
the
and
capital
of
to
be
Feb.
1,
1946,
-•
r
v.
+100,000 shs,
iasfohbe'ilH exercise of
jwwd for
entitles the
ner snare at
holder to
time
any
purchase One
or
at
prior,.to
of
York,
New
7
registrar
the
and
u
,
PURPOSE—Th^
3?0 000
the'60
ih*v
of
cfli„
«S«S£d
"
v
$2,142,333
3%
per annum,
'
'
'
s
^..r
.
Sltv
.
is Bank cf .New York, New
4
E,
1,169,408
the
ftf
to
total
shares
si ooo
be
net proceeds to the company frofn the sale
betog- offered by the underwriters, from the
being sold to the underwriters and from
shares being sold direct by the company are
warrants
000
tl*33S*^S*ny^wUL^'tecelve;: substantially
,
are
.
expectedto
..
fr„
applied
be
„rf
cnr„
To reimburse the trea;sury in piafp falr JJf. ®()5;a!patfS^a
«i
.
,
156,679
132-500
Sl.532.-5CO
!«»<•
MsfSSSJink
To,IeJ™bS£—?2rSS^(Smt STloh^■pmHtt? •
31SM7
conv
the bank loans.; The,
substantially as follows:
fnr thp r0st ol
nurchas- ;
temooraneousiy $490 000 net'as the proceeds of
nroceeds
.1,177,659
'
ill each Year
o
ofVhc
'
•
each year from 1946
will bear interest at the rate of
and
'
•
9975C0
17,500 shares Of common stock, which a0gregacear-^-r-. ■
The above iigures exceed the total proceeds from the. imancing Dy
approximately $406,000 which will be provided by corporate funds,
^
1,663,319
20,252
,
and
accrued
.-
664,188
expenses
of sugar and
molasses—
U.
S.
income
interest
taxes
'
Long-term debt of sub.
'
*
22S2
a
-
,
,
surp-us
,<
v
,,
sub.
cos".
t
—I-
'•
'
a
42.825
.
1
4 070
^
"" "
co»
«
.
,
*
,
996 905
946 887
debt" of
-
TrmwwwTTiroM^Th#* undeiwrlters are'Van
-UNDERWRITERS—The
1 *1
and COhu & Torrey.—V. 163; p. IJ&. • '
4 070
' 42,825
—r~~
*
7
'
'
*•—'
*
-
-
7,328.086
6,064,283
$,
?
..
—V;
.
•
.
-
-
^
to March 3i; 1246.
'oSm
paysbfe-April t » h°Ide" °f
preVi0Usly the company paid
fn
Noel, & Co.,
Alstyne,
>
'
,
T
„'A
Reliable Stores Corp.^—Quarterly Diviaena lncreasea,
Tll: rfiVectcVi^bn^^kirch 5 &eciai^dk regular quarterly dividend of
stock Tor the period from Jan. 1
.41,549,140.JlI,549.140...;,253^i^;0^^
M>
commissions In
the entire proceeds of $6
.
L500
386 701
,
and will.be made, only topper-...
Investment and not for resale.
There are no underwriting discounts or^
with such offering the company receiving
per share. '
674,834
148,169
363,299
59,316
_
long-term
on
teaistration statement.
Such offering, will be at $6. per share,
'sons who will purchase the shares for
;
" $700 000
'
addition
an
extra
of.<50
12 */a cents /per share each quarter^
cents was
and
disbursed on July..I. la t, year.
"
Authorized
Notes And trade
comnios
•Stock,
Mock
acceptances
($1
payable^\C
p»rr..I.:..,.; •
imrchase,
lSsA®)S«.
^
Total -*—-■—'—
Outstanding
%. i' ;
P^S^zjgq':'
1.560,050 5hi. ;t
*
s*
action : of its stockholders taken bit
the issuance of 100,LOO common stock
-purchase warrants entitling the holder thereof to purchase at $6
p(jr share at or before 3 p.m. (EST), Jan. 31,1951. cne share of common stock.
;Of the 100,000 warrants; 60,000 Will be. sold by-the cornpany
to the underwriters at 10 cpnt.s nfir warren*. > T^"* *«-^«ining
40,000 warrants were issued upon reclassification of the company s common stock (no par) and were acquired by Jonn J. Daiy, the rresident
.and a director of the company.
v
\
--A
$0.88
.
—„
Deferred credit
'Peneria Wervit
■
t
$«
u
WARRANTS—Company, by
22
1946
has authorized
280,174
•
Liens (censosh^^on properties
-
,
and
,
Accrued
capitalisation of. the. company adjusted to
which are to result ;lrora this financing^ are "
<
ship. exps.
for
*
'
(per contra)
:;Frovisioh;ior;;Cuban profits and interest taxes
CAPITALIZATION—The
give effect to {changes
"as' follows -'
'
payable
prov.
m of which $150,000 Was due-to a commercial bank And $100,000
.
«t
?,
*750tS22Su8^100,000 shs.
Jan
$361,509
Sinking fund note payable to bank (1945)
amounted
nw.
stork
-
-
.
$21,704,042 520,647,255
....
Accounts
of
gradual reduction of its commodity loans
to $1,039,711 and were obtained
.from a financing orgap:sation and from«trade creditor 'and to elim*
inate unsecured ioansP which as of'the same date amounted to $250,of
warrant
«i
ri
.
:S1tpackers ^gainst^fiRurc^^;d^iver:es.f The^om^
to make a
as
.
'
o
FINANCING'
,
^
pa.ny also intends
wiiich,"
S§70
'y^'
««
io
PRESENT
TO
$500,000
<hares afe
tEach
sale
.»
'-,7n
tNet fixecL assets^——^.._^^.^,; t3>652,127>13,947,203 5 s^mpamv'A GFFERlNG^6moanv:ls olfering 25:006 Ahares of Com^
,
40,767; ^';51,555/ ■
the
■
'
' ,,
3 ; :'
—
Zom aUfihl j Dalv PreSt- shall determine within the period
Total
warehouse
al?o>.-fhe 1 granting
%
loans)-.!
100<^0
York, N. Y.
111
$4.77 ;
;um,
*
Vetm* charges
exercise ofi the stock purchase
principally
71
,
EFFECT
i
4
(bank
inclusive
.«==
Co.
341,275
898,623
.
Company frok; thb sale of the ;v UABILITIES--i, ,
'
ofpommon stock dnd'of the 150,000^warrants offefed, V"Notes payable to bank
at $2,236,500,
are
general
purposes,
for
inventories
"
$1,178,432
195,474
CONSOLIDATED BALANCE SHEET, SEPT. 36
.....
estimated
D„
1 *
64
otvino
Y
*
.
The transfer. agent for the common stocky is Ma:r:me
44,218
$1,955,465
$4.o9 v«
;5.242
,
'
-
June 30^ and^Dec
31
Payable on June 30 ana '« • 31
$6,827,996
5,605,347
••"r
■
$1,877,963
'
i »
•
$669
$918', . $1,116
^ro-
Jv $o«5
c^mon
of
navable
-
stbpk!$0^1^500,000 -shares;, :LIpon such; issued 1,350,000 Shanes of
4o0,000 shares,
■,;■■■ ^■>
...
fir„7
6.627;
' '
■
each on June 30 and $12,500 each on Dec. 31 of
'
-Vr"
Cash in banks and on hand.^—$3,286,841
-Accounts receivable —
613,221
Sugar and molasses on hand—
840,888
Advances to planters..............
R»
Supplies in commercial stores, at cost-_......s
135,296
tU. S, certificates of indebtedness (per contra)
702,042
Total working assets——
1—.
1,507,891
Investment?
'
337,752
were
upon
"-v
''
'
the 100,000 shares of common stock (10c par) then
recapitalized by an amendment to the company's
incorporation into 900,000 shares of common stock (10c
pan.
Simultaneously with the issue of the 430,000 shares of common
stock now offered,
the certificate of incorporation is to be further
amended so as. to increase the par- value of the common stock from
10c to-$1 ^per shaifo- and to increase the authorised shares of com-
mm
-
■
-
^
warrants
share
^No. U. S. excess profits taxes payable. { '7
certificate of
i;wmnm^lp;aup^^
stock will be reserved for issuance
^ ;
.
n^haS
Earn;s' pcr ^arer—
1946,
outstanding
w.;
'
6.230
< v
^ft4
,0f which
the
—
Earns
cumulative convertible preferred stock
($10 par) all of
outstanding and 100,000 shares of common stock (10c par)
of which 70.000 shares were outstanding and 30,000 shares were reserved for;jssuance ui)on conversion of the preferred stock. On Jan.
23,; L9<6>; |he 25,00a shares pf ;5%/ctimulative- convertible preferred
into
:"
—, -
were
converted
7
r
..
taxes an%y. S. inc. taxes—946.437*.,,
,shares of 5%
were
'
7,320,581
91,715
•
^
..
•
1
'
"notes
428 628
-
T
Corp., has since conducted solely a fresh produce busijqess, except iof thevsaie oL frozen foods to institutions in aucJYarea.
On Oct. 31, 1945, the company's capitalization consisted of 25.000
stock
,u
J'
V '
T
1943
$12,320,452 $10,894,503
8,9(XJ,638
103,530
19421941
,
/c
....CAPITALIZATION GIVING effect.to
$6 399 369
2,317 024
'
)t
lSSH5S£,f!rfS#®
$8 577 479
'*
revenue
Omitted};
(030
YEARS
T943, 1,
,
;
• 1
5,177 ^ 5,911
—' <<
Fed.-
bef.
^apttat T7ATTON
.
.
;
1 *
,
-
Common stock- purchase warrants
1944
1,225,877
;
*
.v
^
^et -'Income
No* 01 stores °Pej'-
v
Profit on operations.^-.—
$3,315,284 $3,482,207
4"X.. f- i
Cr3.378 ikz 94,333
,,Z? '
494,262; 7 533,786
5 * Ior Cuban profits and int..
-
Produce
which
%T
ENDED SEPT. 30
.1945
sources——
for
appro.*:
taxes
.
$11,094,576
Operating expenses ——-—
charges, less credits (net)—„
Pratt's Distribu-
Corp., was formed
corporation were and are
inc;
taxes
^
f
sugar—
other
^
£
Annual Report-
.
Total
as
institutions
.
«
«
■
Revenue from
Revenue from
Pratt-
Produce
such
of
as
•
1944
Common stock ($1 par)
,
the acquis!-
1943,
at
as those of the company.
Pratt's Distributors,
Pratt-Smith Produce Corp., all of its frozen food
business
Smith
of
amenrim-nni
-i—l
Fed. inc. & ex. profs.
* ament,ment ~v-^^ 163,
*♦
rV
n
lOMos. 45
$5,752
exps.,-'
1
other, charges
,
;; Net
- j
•
t
same
from
foods
corporation,
new
a
,
CONSOLIDATED INCOME ACCOUNT, YEARS
.
1945,
;u
Punta Alem sum Corp.
.
outgrowth
We
^nfet)
^
Sr
rnitt*
x»»hi;„
list
principal secondary distributor or wholeand continued to sell to institutional consum-
company
-
rttDlIC Utility Engineering & Service Corp.—Output—
1^di Jrihtrto?<?Wi'iIn.riin7 a
the
!
,
Electric output of the operating companies served by this corporation for the week ended March 2, 1946, totaled 181.432.000 kwh., as
retailers.
substantially the
Inc..
books
- m
contracts
business amoanted.to;
CALENDAR
FOR
EARNINGS
Net sales
Cost of sales,
\
'
U~.V'
'
i-
the
September,
tors.
in
entered
was
4i
OF
i
,
m«ui»uup~^negiLicrs witfl
.
hirections' and?!
4.
$2,645
,
,
?
5
SUMMARY
,
$20,033,$15,833
,,• ,
: ;, 1 ./
:
V
1
in-
wholesale distributors, including
wnolesale distributor customers.
tion
671
:
NcW^Hampshire-^Reeisters^^^^
.,
su^SaWen"
If
problems.
products,
equipment.
The
food
raw
aM^S^h
in
tL
haJ^ had^ no^ serious^^reconSion
facilities. ^Accordingly the company has had. mo. serious reconversion
3,829
17,279
underwriters will-be filed hv
,1 V
-
£%J£t7£
neflofWsen1nayfro7ei?0food^Vf,o
of selling
ft^zen foods to
ne^s
.
rtni?rS
The remaining-•
^aU S^d^wSS^^hoes scld are^
a
onvprnmpnt
.»
,
'
at-its
t'h-
i-SLi!!
oni! registration with the SEC for
^.ar' Thc sfc°ck is to be offered
e bidding, with the dividend rate supplied by amendment.
names ..of the
.p.. 820.
1943:" there
28,
the company
to
processing
small amount of
a
of
Corp.
certain
,
sh6es
.aPpr.°*^aS ,S
v
share? nf!fr^wSrt til
rnn?n^Htfvf
.
if R1IS1.W wholesale "Thi
iu Sf S njfsJS^beiM ^Kv^tilizS)
Whitman^
,'.$7,146
,
«**• —
.
,
*
knowh
nvin
Tho stock will first be offered to the holders of the company's $6
55 dividend preferred stock on a ^hare for share basis, with cash
adjustment. The unexchanged shares of the new-preferred are to be
underwriters for resale to the public. AH shares of old pre"rrea not exchanged will be called for redemption at $107.50 for
tlie S6 and $105 for the $5 preferred, plus accrued dividends.
in
and
sales
a
102 000
of
11,300
'—
$9,813
;
....
'
,,
25.500
"7,
SEC-~
value,
r
'
.
—.
21.195
Ptthlie Service Cpil)!
1'
at
time, the company sold to Pratt-Smith Produce Corp.,
—
$54,308
,
the company's' business
sales approximately 80%
of
^£ade name of "Regal," which is a registered trade-mark, owned .by
the^ company.
.na,
.
chQDt>inff areal
TBie company's stores are Bhuated ij
of me cities in which they ate located and are modein n de gn a
appointments.
•
'
,n
u_
f„rtnrv
lfleilted
as
in
®l ols S shS'
$MS"
98
H'775
■
»,*
percentages have not yaried^ubs^^
July 31,'43
$43,109
p- 318.
.
80%
.
JuIy 31,'44
6'686
~—
g
^^ub»
'•"'•All Sales afe'on; a'cash-'ba$isvaiid no credit Is extended.
The company markets- its shoe products under the nationally
will
•
$42,000
9,;""
'Approximately
stores.
shoe
1,124
234
—-
-
in„„m
'
Co.
-
1
"
>
.
.
Oregon
8
——-—~—
inc- and
Pr0IlCs taxes.
J? °
v
equipment valued at $1,662. and inventory valued at
$16,142.
The company's personnel, then cons.sting of approximately
40 employees,
was'employed by Pratt-Smith Produce Corp., and the
company temporarily ceased operations.
Pratt-Smith Produce Corp.,
had been organized in New York in 1939 for the primary purpose of
fruits
•
—
^
,
^
-"YearsEnd .111^3!—
y 31,45
500
,
...
lnJ°rtaI.
therewith
Beginning
value of $10,000.
par
a
«vn
jjad.m^ W
0ther
of ^$10,000.
These assets were subsequently sold by Mr; Edwarc|s to Pratt-Smith fioduce Corp., an aiiil.ate of the company,
>i»; consideration of the issuance by the corporation to Mrv Edwards
same
EARNINGS
1-^
»
"'J-■■
amount
the
420
&
in
$'55'31^ ^,608,232 $1,500,279'$429,535
iAil' 2'?76'001 * 1.260,712 - 362,987;
3?'8?2 ••
}f2,67?
130,550
41,069
AI,317.
335,422
55,312
20,358
°rov- *°r abtful. accts.
related goodand a list of the company's customers, in consideration of the
cancellation: of notes of the company pavable to Mr. Edwards, in the
shares
EARNImc<»
!;
®
oDeraSnp Slinll
£ frfm-
Total
Johnson
,\zj
.
rwHtSf*
,
p!*'
•
will
about
liv
'
,
;containing the words "Fresh Frosted," together with the
;-of
^,50°
-
.*
.
of.the dollar volume is from:;the,:$ale:^^
women's shoes.
The other 20%- of- the company'^- business; consist*
of the sale of accessories Other than shoes above_ referred to.
The
.
SUMMARy'.OF
•,
s
tradename "Pratt's" and the emblem
words "Fresh Frosted," and the trade-
Brand"
"IT"""""
•
.
* '
consists of the sale of shoes; of which shoe
.500
possible**futmre^°I
rYA^s' 45^00'
th?S
to itself for its services
n,ana^Y ^ oriering herein,
3 W'dCr
T,
sold
Inn
^rnn
.
ouw
••
c°9Sin;:»bd ^he.;Dist;.p1^
850
3-COO
oth5T »ft«l«writers R.- H.
?
additional
AND
]
IV
»ic
••
1000
;for oy ft. H. Johnson & Co., 25,975 are
6'■'**#**! common stock
#11;®"®;°!;?®?^ -applicable, to allot the other "underwriters. "By
in
HISTORY
u
wro
ana women t> ©mwo
-T/
>
l.iso
'oori^te^hUsettSi^.Michigftilif' Micrsouii^:. New Jersej, Nev YorK, vnio,
Pennsylvania, Rhode Island, Texas, Virginia, Washington
'-i
ft QQQ!'t>fr
I~
•.'»
■<
-v- •
chain of 64 retail st^es located
.Alabama, California,W';VOhio
"
Manning
; v
;
^fSnoes^j ivxen s
fh'
lfle securities are 01
DEVELOPMENT—Company
M.
.6,900
fx«•/'*
•
2,300
gS
5'100
'
—
w> p- Cdey 8t Co., Inc.
O. H. Crawford Co., InC
"PuK
qwl
r««
.
Co.
comntnv°'Tip
&
Fresh Frozen Foods, Inc.—Stock Offered—-Pud-
4.
B; Hanauer ft
Chemical Bank ft Trust Co., 165 Broadway,
«?«^w
13,800
t«
v
■■■
.V?
inn
d
r'.'in uuur^^'Kr'^*z suti
Y-i-•
l
lie, the company offered also at $6 a share, .25,000 shares
of common stock.withoutunderwriting, directly to cer^>
taih officers, employees and others associated with the
joo
Co.,
uuu
are Issued,"$46.75 ift cash for each sh*re of such prior preferred stock,
firstisSPediftekcnahgb; *B4i*accbid»nc*^A t«q
300,000 shares ($1 par) common stock by Van Alstynev
Noel & Co. and Cohu & Torrey. The stock was priced
at $6 a< share.
Coincident with the offering to the pub-
000
Buckley;-
-
was undertaken
company
shares
Newburgi
.
public financing.on behalf of the
Feb. 28 with the offering of
March 4 initial
Phillips
r ' +At
•
; able
$21,704,042 $20,647,255
cost and accrued interest, .deposited as collateral for notes paybank. : *AIter reserves" for depreciation of $8.748.625"In 1944
to
payments in 1945 amounted to $1 per
;
share, the same as in
The ucual. quarterly dividend of-.37cents per sharei pn tne
shares of convertibte preferred stock was also declared, pajaLle
j -j;-wt
Ap.U
™
THi; COMMERCIAL^MNANCIALCCHRONICtK
1290
of
render
Tucker,
Inc.—Secondary Offering
Rand,
Remington
Anthony & Co., on March 5 made a secondary offering
of 25,000 shares of common stock (par $1) at $36 per
share with dealer's discount of 60 scents.—-V, 163, p. 318.
(less
for
The
dividend
ol
and State
beer
taxes-*-----—- ——
,
Sl,7b5,Jo*
y»5,<50tJ
038,957
592.6U5
®®,9b4
93,677
4»,*jy
iQ «' ^ ' •"/£'* V
'
Net
"
—-
Income—.—.——
Dividends, 10%
51,300
51,300
capital stock
on
%' * :■:
l_—w-—
Jan.
surplus,
Earned surplus—.
Earnings
—
share..—
per
64,539
$86,755
$37,208
mmjkr.e*
^~
$22,216
-S453 *
86,755
Increase in earned surplus
Earned
$0.14
$0.10,
*
:
.
!'■•>
r-M
,
ASSET3—
-
$61,139
deposits in banks and cash on hand—
U. S. savings bonds (defense series "F")_—
Trade receivables (less reserve)—Other -receivables
$114,623
119,508
Demand
The
23.032
67,754
—
Prepaid
56.000
—
14,750
10,957
1
—
shares
filed
4
registration
a
cumulative
of
will
rate
be
filled
by
$742,747
Dividends
Contract
Taxes
•
declared
payable
(for plant,
Customers'
Capital
Income
on
cash
deposits
stock
of
61
New
York,
—V.
from
to
outstanding
Life
The
.
from
Net ry,
railway
bondholders
1943
$327,578
*106,258
*137,382
*12,018
6.060
*31,458
*12,353
Y.—V.
N.
161,
N.
Corp.,
have
who
first
Clinton
163, p.
*55,448
The
.
th
Co.
bonds,
will
to
April
163,
V.
stock,
to
in
always
are
it la not always
alphabetical
reasons
companies
arrange
However, they
position as possible.
Y.
Feb.
Plan
City.—Refinancing
for
of
Redemption
same.
26
be
made
1946,
1,
821.
p.
called
for
Southeastern Gas
June 1, 1951, at
of
interest.:. Immediate
and
100
the
INCOME STATEMENT 9 MOS.
sales
(manufacturing
receivable
under
operation
Other
;
operation,
CPFF
$200,825)
ENDED JULY
including
contracts
and to continue the operation of such
The company was organized by J. C.
per; share.
J. C. Beaven»has agreed* to purchase an additional
common
shares and Wm. C, Engel has agreed to purchase an
tional
pay¬
2,500 common
share.
per
after
Southeastern
above.—V.
Corp.
Period—
$43,003,680
■
paid
—V.
$43,077,816
40,787,062
The net book value of the common
expense
—
earnings
FORMA SUMMARY
-J!
327,161
*
Previous earned surplus
Total
income
17.058,36$ *
628,735
1,107.360
1,167,814
____
paid
Profit
2,459^074
—
of
—Jan. 1 to Feb. 28—
Less
deduct.
Fed.
Profit
ASSETS-~Cash,
ceivable,
$1,980,502;
cash
in
special
account
for
Prov.
from
United
accounts re¬
Government
(unreim-
States
subsidiary
and
amortization
of
■*'
'
**
\
,J
»%\ >/-•
1r
.
refund
>
than
for
Federal
income,
and
repairs
taxes
$572,4l8;
under
on
jfj
>
other
contract
income, $1,258,029;
liabilities,
*
>'l
«
$513,439;
accrued
12,939.140
8,627,317
79,361
79,345
63,780
earned
Best
.•
taxes
231,372
$807,205
$630,990
$940,605
$461,065
85,752
152,386
244.781
$716,742
$1,092,991
$705,846
85,000
288,811
Dr55,877
Drl31,687
Dr450,000
Drl87,452
$344,180
$585,055
$727,991
$807,205
of
profit
elim.
of
for
prov.
Fed.
taxes
253,625
______
plan
and
•
875,000
980,000
t3.*95,000
?5,225,000
of
war
1,500,000
'X ? "■
Dividends
•
3,555,737
on
Dividends
on
preference stock._
Milling Co.
corporation, which was incorporated in Delaware in 1932.
by acquisition, merger, consolidation or otherwise,
among others, of Hecker-Jones-Jewell Milling Co. (N. Y.), incorporated
in 1907; Northwestern Consolidated Milling Co. (Minn.), incorpcrated-
■■••••
is
,
_I_i—
16,730
*
common
After deducting
deducting
debt
8235,000.
refund
refund
of
prior
rebates. estimated
900,000
^
provision for renegotiation ol,
retirement
iAfter
post-war
stock..900,000
credit
deducting
of
$100,000.
years'
at
of
debt
$720,000
retirement
war
and
taxes
The
;
related claims- for
and
renegotiation
'' V;' 3 • 3
income
on
$2,365,000
Milling Co.. Inc. (N. Y.), incorporated in
corporation and its predecessors since 1929 have
Inc. and its predecessors.
corporation's most important activities during
many
selling
selling
has been the production and merchandising of flour and feed.
important development in the selling corporation's business toOic
•years
and
$480,000
and Southwestern
The
owned by The Best Foods,
been
business.' ! tAfter
refund, of
of
successor
'
postwar
credit
§After-.i deducting
Federal
> 675.000
;
1891.
1915.
■
*
the
in
•
I.,,
2,174,856 " 2,362,380
210,000 M '
210,000
167,992 '
preference stock.
new
of Hecker-Jones-Jewell
v
___:
'
v
■
old
—
The selling
587,714
profit
on
W
plant
(net)
selling corporation is engaged in the
general business of manufacturing and selling flour, feed and ground
grains and in the general merchandising and storing of grain.
The
selling corporation's origin dates back a little more than 100 years to
,the flour milling business conducted in New York State by predecessors
900,000
9,000,000
profit
HISTORY AND BUSINESS--The
441,714
*
______
surtax.
profits tax
•
Net
cost
$727,991
41,084
Inc
contingencies
Adj. of prov. for
8.944,722
,15,629
Dividends
$1),
644.000
$585,055
$400,057
Div.
income
13,249,856
other
(par
$2,638,091;
1,770,000
$358,973
(Del.)
Flour
Foods,
Total
etc.
239,339
xi
capital stock
surplus,
•
13,518,451
facilities
stock
held
by wholly owned subsidiary,
total, $16,655,652,~Y. 161, p. 1248,
■■■;-■>; :r-
tJr5o3,819,
interest,
Accelerated: amortiz.
$144,352; reserve for service
$42,777; reserves for contin-
guarantees,
'Sm1™-*?1!? *J0f-war adjustments, $621,744;
pairt in surplus,
,
2,178,279
2.646,330
(net)
Excess
for
reserve
$321,121; total, $16,*
, w
purch.,
$2,497,991
972,000
and
2,082,344
2,702,386
4,695,218
Total income
patents— (un-
LIABILITIES—Notes payable—banks—regulation
V-Lban, $8,500,000;
accounts payable,
$1,550,706; salaries and wages payable, $458 723*
provis on
2,397,080
Milling
Family
*13,492,529
604,589
/jProv. for postwar adjust., & conting.
receivable.
(after
$1,327,530), $742,843;
balance)? $1,285; deferred charges,
655652
•
59.9,172
investm'ts.
Cooperative retirement
Federal normal income
■
Investments,
!»^4n-Pmon^rf/ plant rec5ivabl[e* $552,798; cost
iuncl and
tax
$45,340, pioperty,
equipment at
depreciation
*13,637,777
610,030
^Expenses of idle plant
CPFF contracts. $7,629,077; other
contracts,
inventories. $3,611,826; investment in and adnot
consolidated,
$16,762;
other
$7.940 516;
Stand.
21,150,829
from
$1,451,205
$1,557,055
370.C00
inc.
Net profits per books:
j
Net
tax redemption bonds, $300,000;
due
g
,
13,199,251
received
^income
-
$714,180
Fed.
profits tax
excess
regula¬
,r
2,213,662
excess
tax
-
Add
U"der
$^11,439
operations
on
3,721,655
for
prov.
and
inc.
profits
1943
-1944
1945
profit
Dividends
'Discount
under
•An
when the selling corporation entered the commercial elevator
through the operation cf grain elevators for public storage
general merchandising of grain in Buffalo in 1938 and in Kansas
•place
business
and
*
*
V,
.
•
v
'
'
4
"
'<•
-J'
'
\%
'
''/
vi-;
V.-;'
-I,.}-
<' •
,
"}
i
»,t
''
v
_
Sagruenay
Power
Co.,
Ltd.
(Canada).
Planned.—
Reduction
planned
of
of
by
debt
this
preparation
The
long-term
company in a
and expected to
—
$27,995,000 to
financing transaction
be
undertaken
later
Financing
..
$23,200,000
now
this
in
is
course
month.
Accounts
U.
provides for the sale of $23,200,000
25-year first mortgage
bonds
to
be
offered
publicly in the United States by a grout? of
underwriters
headed by Mellon Securities
Corporation.
Registration rv:of the new
issue was filed with the Securities and
Exchange Com¬
the
March
on
redemption
ootained
of
through
debentures.
1.
The
all
remainder
of
the
funds
to
company
Canada,
mills,
on
are
to
be
supplies
named
by amendment
electric
the
Shawinigan Water
long-term contracts.—V.
power
&
to
Power
163,
p.
the
Co.,
bonds
maturity.
to
pany
rring
New
be .filed
will
con¬
for
tCapital
several
Treasury
Accounts
of
^
1034
receivable
facil.
installed
and
York
1,
on
Curb
April
1951.
Exchange
1,
fixed
1946,
has
on
interest
received
the
of
income
$15
per
notice
,
4^3—
___
mortgage
$1,000
bonds
bond
on
com¬
ma¬
Sir-
•.-i*.'.-".552,-224!i
12,423,427'
1,799,682
283,668
94,328
$36,395,605 $49,955,710
^.^1."
Stock
.
$6,028,750
__JDrl,046,582
:
taxes^_;___—
*
.
^
1,696,503
depreciation
tRepresented by
of
$8,233,722
in
1945
$7,936,546
in
selling corporation's flour mills.
the commercial
elevator
the sale
at $6,407,325. after
of such net proceeds,
PURPOSE—The amount tn be received bv the company from
of
the
debentures and
.deducting
1,545,350
and
years
-
11,329,398
estimated
common
expenses
shares is estimated
of' $68,050.
All
together with the proceeds of the sale of 7,500 common shares to J. C.
Beaven: and Wm. Cl Engel
at $11.05 per share and the proceeds of
bank loans to be made concurrently with the sale by the company of
'
common shares, are to be used to pay the purchase
to be $7,557,937 (excluding an estimated $405,574 of
ipayable and accrued iva ges to be assumed by the company).
the debentures and
price; 'estimated
1944.
'
70,000 no par shares of cumulative preferred stock,
five
*
.
$36,395,605 $49,955,710
past
materially to the earnings of the selling corporation.
2,500.000
16.323.321
,
...
During
business has contributed
The gross income
•from the selling corporation's commercial elevator business for the five
fiscal vears ended June 30. 19*5. and fcr the six months ended Dec.
31, 1945, was approximately 3.6%, 5%, 3.9%, *2.9, 3.2% and 3.4 <»
of the total net sales for the respective periods.
JiV.." "
V
The selling corporation produces two major types of flour, namely,
family flour for household-use. and-bakery flour.
During the war pe¬
riod it commenced > production of granular flour for use by distillers.
Feed produced by the selling corporation is primarily mill feed, a by¬
product of its flour manufacture.* The dollar volume of net sales of
manufactured products for the six months ended Dec. 31, 1945. was
divided into approximately 92% of sales of flour (including mill feed)
and approximately 8% of sales of milo grits, barley grits and ground
.grains.
Its family and bakery flour and mill feed are merchandised
in a highly competitive market.
*
the
6,410,365
,
two elevators is for outside customers as contrasted to grain
handled for the benefit of the
: -7,465,913
10,464,916'. 22,132,881
Total
"After
$1,500,000
stock
payable, and sundry accruals
i| j
this
i_
1,958,4383
Reserve for conting, and postwar adjusts
-
that
11.403,854
2,499,499
'
.Earned surplus
'.V
_
7^75.194
(net)i-
advances..:
^4
?
7,834,841
by U. S.' Govt...
of prior year's taxes
7,147,932'
•
2,477,833 > 6,568,421
; 5,246,140
charges
Reserve for
paper
.
•
LIABILITIES—
;
Price
Co.
^
,,
in these
•
'
$4,530,360
$4,731,013
__—,
Estimated refund
Investments
:
notes
*-' 1944
■
City< Mo.; in 1940. * The largest portion ed the grain handled and stored
)
~
1945'
Capital surplus 3——
pay
Oct.
Receivable
Deferred
later..
Aluminum
and
Steel Co.—Interest
Payment.—
AUG. 31
9,324,409
and
Inventories,
for
.£>■'
ScuJIin
The
SHEET
S.
Total
by
rate
CONSOLIDATED BALANCE
Treasury notes, tax series.^.
Claims under terminated war
contracts__.„
:
coupon
The
used
outstanding mortgage bonds is to be
placement in Canada of 2% short-term
Sinking fund provisions of the new first
mortgage
template the retirement of 70% of the bonds
and
be
presently
the private
■
V1,
ASSETS—■"
§ Cash
'
plan
mission
.
'.v*
«Land, buildings, machinery and equipment____
:|War plant facilities
from
,
$34,617,185 $38,092,967 $19,764,668
2,388.733
(& Subs.)—Reportg
from
Gross
$2,638,091
$1039,299;
V-Loan,_ ^9-884;
.
$34,257,468 $39,928,323. $22,580,391
$344,180
of war plant facilities
Administrative and general expenses
CONSOLIDATED BALANCE SHEET JULY
31, 1945
tion
893,212
Fed.
subsidy
before
Fed.
.
65,879
—
Earned surplus July 31, 1945
3,361,553
!
goods sold-
Before
first
Deprec. of plant & equipment
$2,703,969
—
17,452,201
$18,040,561
1945
1945
redemption on April 1, 1946, at 106 and
mortgage 314% bonds, series A, due Feb.
Payment will be made at the City National Bank & Trust Co.,
208 So. La Salle St., Chicago, 111. —V. 162, p. 2686.
of
Amortiz.
surplus
Dividend
$244 836
——1—I IT
'
$1,267,256
19,158,-867
$16,356,018 $30,895,530 $35,879,305 $19,764,668
'/*■'
■
'
1943
1944
,
$2,149,441
2.983,713
products
1202.
Years Ended Aug. 31—
■
———
-Years End. June 301945
$7,524,104 $44,857,509 $59,100,220
Spicer Manufacturing Corp.
128,094
'
Net '■ income.-—
share.
19,053,827
10,767,583
$700,150
Federal normal and surtax
Federal excess profits tax (after
post«war refund $41,766).
—L,
per
EARNINGS
$18,744,751
Cost
1945
$5,8X7,708
$160,000
1, 1970.
136,334
profit
AND
$3,328,693
12,482,775
Total
company has called for
trustee,
Operating
OF SALES
6 Mos. End.
others
Elevator
Southwestern Gas & Electric Co.—Partial Redemption
interest,
1,235 839
_.
...
5.000.
addi¬
in each case at $11.05
shares of the company
completion of the present financing will be $9.30
War
Earnings—
Week Ended Feb. 28
163, p.
The
218",430
———
Interest
Gross
74135
—L
operating expense
General and administrative
the Company,
Regular products—
Dec. 31, '45
Govt, war purchases
$1,945,338
Co.—Weekly Output—
1946
Total Income
School
Southern Railway—Gross
—
shares from
sales—
Net
174.
p.
1.8$ .—V. 163; p. 1202.
1945
— —
"
Cost rof: sales,
162,
of this company for the* mek ended March 2. 1948,
as compared with *2,044,000 kwh. for; the corre¬
sponding week last year, an increase of
school
income
business.
Beavcn and Wm. C. Engel who
them presently owns 5,006
from the company at $1
the promoters of the company.
Each of
common
shares which they have purchased
are
full redemption price,' plus .accrued interest
presentation and surrender of. said bonds.—
amounts
$42,802,855,
on
totaie'd 2.081,000 kwh.,
.NE# 6
31,
men¬
which
•
Southern Colorado Power
.
of underwriters
COMPANY—The company, originally named Bengel Milling Co., was
incorp. Oct. 31, 1945, in Illinois.
It subsequently changed its corporate
name-to Standard Milling Co.
Company was organized to acquire the
operating properties and certain other assets of Standard Milling Cot
(Del.), related to its business of handling, storing and milling grain,
the
upon
offered: to
group
public $2,500,000 15-year 3V2%
sinking fund debentures, due Feb. 1, 1961, and 357,500
shares common stock (par $1).
The debentures were
offered at 103 and interest, to yield 3.25% to maturity
and the common stock at $12.50 per share.
1, , next,* all of
Hen collateral
redemption on April
& Water Co. first
Securities Offered—As
the
York
due
—
issue of March 4 Stone & Webster Secur¬
a
Electric output
M
Net
Milling Co.
our
Corp. headed
All
Ryan Aeronautical Co, (& Subs.)<~Keport—
the
a
2683.
tioned in
•
See
alphabetical
near
Corp.—Registers With SEC.—
common
stock are offered in units, consisting
principal amount of $1,000 and 30 shares of
price of $1,050 per unit.
in
at
Standard
Southeastern Gas & Water Co.—Bonds Called—
exact
as
■'%
nated debentures in the
PRO
NOTE—For mechanical
,
$7,607,973
.
The proceeds will be used to redeem company's outstanding subordir
principal amount of $616,832, and the balance
to working capital.
- ,
Sills, Minton & Co., Inc., heads the underwriting group.—V. 162,
.
2489.
p.
subscribed
New
corporation has
outstanding
trust
1202,
order.
Higher.—
1946—2 Mos.—1945
$4,479,361 $10,485,683
and
debenture
common
mortgage
Trust
ment
income.— V-
opcr.
-Deficit.—V.
,
1944
$371,872
.
822.;
p.
debentures
Of one
Southeastern Corp.—Calls Another Bond Issue— /
1945
$329,637
163,
Standard Factors
income
certificates
will * be
made
at
City, N. Y., on April 1, 1946 at
$105
for
each
$100
of
principal
amount,
together
with interest.
First mortgage income certificates and. voting-trust certificates pre¬
viously attached to one another may now be detached and transferred
separately.—V. 161, p.
1811.
$724,470
1946
1946—Month—1945
36,072,902
The company Feb. 27 filed a registration statement with the 8EQ
$750,000 4%%
15-year convertible subordinated debentures, due
Dec. 31, 1960, and 22,500 shares of common stock,
par $1.
; '
mortgage
86,755
$414,990
*26,926
raiiway
only .65,000
be
for
RR,—Earnings-
January—
Gross
.Net
rate will be filed by
.
corporation
65,188
p. 920.
Rutland
statement with the
consisting of 65,-
The dividend
issued
will
Consolidated net sales__
proposed
new
513,000
$742,747
registration
preferred stock,
Spiegel, Inc.—February Sales 35.56%
announces that its security
holders have approved
refinancing of its first mortgage income certificates.
for $3,500,000 will be placed with the Metropolitan
Insurance
Co.. and $249,000 of
income
notes
will be
issued
the
A
87,208
Total--
161,
Broadway
The
8,322
the
-V.
163,
the
513,000
—
for
reserve
1944.—V.
been called
65.188
(par $1)
Mfo'iis——
Paid-in
of
be
to
are
preferred
ities
2.079
Earned surplus
a
50,000 shares, respectively.
Period End. Feb. 28—
instalments of $10,000 beginning July
1, 1946, will be
the company as additional working capital.—V. 163, p. 1034.
Broadway,
6,051
4,736
13,207
in
shares of both classes Of preferred
at this time.
Holders of the outstanding 4^ %.
given the opportunity to exchange the old pre¬
ferred for the new preferred on a share for share
basis, with cash
adjustment.
All shares of old preferred not exchanged wiil be re¬
deemed.
Unexchanged new shares will be offered by the under¬
writers to the public at
price to be filed by amendment.
Dillon, Read & Co., Irtc., heads the underwriting group.—V. 163,
p. 1035.
.....
,
Approved.—
containers
on
par shares of- :
no
SAftet1
stock.
$5,681,402
:
aggregate
stock
old
p.
20,675
improvements)—
(net)
and
amendment.
corporation has borrowed $100,000 from the Union Trust Co. of
The: proceeds of the loan, which is payable in ten equal
25,650
(other than Federal income)
Federal taxes
preferred
1945
company on Feb. 27 field
two classes of cumulative
-%-An
outstanding 10-year 4 % debentures due Jan. 1, 1949,
for redemption on April 1, 1946, at 100 and interest.
Payment will be made at the Marine Midland Trust Co., trustee, 120
17,425
38,732
-
in
for
000 and
Shippers' CaT Line Corp.—Calls 4% Debentures—
All
$724,470
—
: vsy'
The
SEC
amendment.
LIABILITIES—
Accounts payable—.
shares of
$12,829,334
Southwestern Public Service Co.—Registers With SEC
with the
$100 par.
statement
prior preferred stock,
230,000
of
added
have
—
March
r,n
35,000
used by
1
_
amortization
(1944 $3, dividend) and 300,000
1945
stock.
common
,
56.000
Goodwill
| ■ Total
$2 dividend in
$30
cou*
seml-annuai
81,597
246,536
(net)—
—
—
expenses-—
87,915
246,615
1
Land
interest
'%:';
Pittsburgh.
71,261
77,627
Inventories
—
of
payment
income
Shamrock Oil & Gas Corp.—Bank Loan—
1,925
"
——————
Net packaging and distributing equip,
Building and equipment (net)
of
;v--v
118,537
8.030
3,407 *
-—
Excise stamps,
additional
An
surrender
on
,
outstanding shares
stock the right to
exchange such shares for shares of new. prior preferred on the basis
of two
shares of prior preference for one share of prior preferred
plus a cash adjustment.
Any shares of old preference stock not ex¬
changed will be called by the company for redemption. * The under¬
writers .will purchase from the company any of the 7,378 shares of
new preferred
as are not issued on the exenange, as well as the re¬
maining 27,622 shares which will be offered to the public at a price
to be filed by amendment. /
Net proceeds will be utilized to retire the $1,300,000
15-year 4%
sinking fund debentures, and to retire, either pursuant to the exchange
offer or
by call for redemption, the outstanding 14,756 shares of
prior preference stock.
The balance of net proceeds will be added to
company's general funds. It is expected approximately $700,000 will
be used to complete the-purchase of certain machinery installed in the
company's plant during the war by Defense Plant Corp;, and the pur¬
chase of additional necessary equipment.
The company also expects
to enlarge its plant at a cost of $100,000.
V ' "
V
E. H. Rollins & Sons, Inc., heads the underwriting group.—V. 162,
p. 3199.
;
•
„nndn'
Income—
for Federal taxes on
Provision
^
$1,898,961
1,055,609
•
mfg„: bottling,
made
The company is offering the holders of the 14.756
of its $2.50 cumulative convertible prior preference
*1
racking, sales, delivery.
general admin., financial expenses—
—
Provision for depreciation—
——
Cost
company
SEC
O.—Annual Report—
allowances).^——-
and
returns
Government
19.
coupon
be
will
Seiberling Rubber Co.—Registers With SEC.-—
;
*
Sales
interest
bond
163,,p. 1034.
p. 232.
The
(The) Rcnner Co., Youngstown,
Years Ended Dec. 31—
'J "
'
'f
fixed
$1,000
per
pott 9.—V,
Mondays March 11, 1946
accounts
*) "v.f
■
*
*'i
*>'•
of. the
-vi \V
«l\'
Vs
Vv
*.
•.
•
'
••
•'
-.*•
selling
Stokeiy-Van Camp, Inc.—To Vote
corporation's milling business; to purchase attd install
apd conveying machinery and equipment in the
at Kansas City, Kansas, and Minneapolis at a cost of ap¬
proximately $300,000 and to provide working capital.
;
additional
packing
0.'A special meeting of .stockholders has
Hour mills
authorize
Columbus
banks' in
to
incur
ah
.
and
an
7.500
See
It Is estimated that the
aggregate of such bank loans will be $2»E3o.ooo/> :
h'K-f
UNDERWRITERS—The
names of the uftdeH'rlters, and the principal
amount of debentures and numbef of common shares to be
purchased
'
Debentures
Glore,
Forgan
&
Co—
Thalmann & Co..
Lee Hlgginson
Corp
;
340,000
'■
340,000 *'
'
—
Paine, Webber, ijackson
340.000
————
-—-—
Ladenburg,
Com.,shs.
60,000
26,000
26,000.
26,000
$800,000
340,000
—
& Curtis..
26,000
;
•
11
•
'
•
-
9,000
9,000
'
.
9,000
■'
■
J
•
(Ohio)—Listing Of 33/4% Preferred- !
Privately—Acquisitions—
-
-
Stock Placed
•••"•
-
m^rlals
J
Thd New York Stock
Exchange
Net
of
3%(f; .cumulative, preferred
stock,
,
On Jan.
30,
1946, directors authorized the issuance and sale by
placement of 11,335 shares of 33,4-%' cumulative preferred ^
stock,. Series "A," of the company ,at a price to yield the
company,nqt cash proceeds of $105.65 per; share. Pursuant to this
authority, ;
the company has made
arrangements to so dispose of said
shares.
private
The
transaction
of said
will
not
shares.
involve
any
public
offering .by
the .company.
-
v
attention'of
the
properties
.On
of
1945,
has.
company
Margay Oil Corp.
and the
acquired all the
Canfieid Oil Co.
assets
,
the
Clasif
Under
of
date
organized
Kansas.
of
•
Dec.
12,
1945,
Sohio-Fleetwing,
Inc.,
owned
the
also
company
Ohio
an
caused
corporation
,
and
*
•
purpose
Corp.
of
ness
above
operation
mentioned .truckload
furnace
.$245,000. The capitalization
of
authorized
for 2,500
common
at
.
of the
oil
stock,
shares of said stock
'
business
for
approximately
subsidiary consists of 3,000 shares
of this
voting
$10).
(par
$100.
Company
share.
per
date, of Nov. 19, 1945, the company caused to be
organized
corporation under the name of The
Canfieid Oil Co. This is
an Ohio
corporation and is a wholly owned
subsidiary of the company.
This subsidiary was
formed fof the'purpose of
ness
formerly carried
were
the
inventories
the
close
of
by the Canfieid Oil Co.
on
acquired
of
business
above stated.
as
petroleum
products
Nov.
on
30,
has
of
This
conducting the. busi¬
(1886), the company
subsidiary purchased
the
Canfieid
In
J945.
■
addition,
Oil
Co.
as.
of
the:, company
leased to this subsidiary all of the
fixed assets acquired
by it as
stated
from The Canfieid
Oil Co.
The Capitalization
of this
subsidiary consists of 3,000 authorized common
,voting shares (pgr
$10), of which 2,000 shares were subscribed
by the company at $100.
per share and are issued and
outstanding.
•
';
6, 1945, the number of authorized
shares of 33i'/r
preferred stock. Series "A," of the
company was
On
Nov.
($10
the
14,
part
with
Since
shares
acquisition
11,
stock
of
of
dividends
cumulative
assets
common
>
in
were
properties
of
issued
in
Margay
treasury)
May
120,000 shares
the
present
6
upon
of preferred stock of
850
intention of the board of
100,000 shares,
or
$5,000,000
It is anticipated that
the
par
new
company
31,
1945,
a
par,
proposal
issuable in
directors
consolidated .net
$1,731,504,
equivalent
profit
to
provisions of $13tS02,500 for/ the taxes
renegotiation of profit and $100,000 for
to
on
for
inc.
fr.
$1.19
per
109,212 shares
stockholders
were
of
subscribed for
a
sources
inc.
taxes
fHo
——
15,900,000
12,980,000
2,940,042
2,542,797
219,893
I
998,473
593,007
"I ':'
r——,
20,833
,
21,387,456
:
798.4t3
1,161,536
35,049
23,219,610
896,096
.
803,167
$68,867,518 $67,866,54'
$437,257
Reserve for
taxes_
—
8,518,431
132,500
190,000
2.541,660
26,175,000
26,175,000
30,706,862
30,313,836
•
contihgencles__^
—___—
Capital stock* (3,840,066 shares, hO p&rI---—Earned surplus
'
$403,931
8,974.240
/
for. current
;t4abilitie9 not current' (net)—
;
Total
2,265,322
$68,967,518 $67,866,543
—
•After reserve fbr amortization Of $14,956,407 in 19'45 and $13,550,481
in 1944, and after reserve for depreciation of
$7,601,049 in 1945 and
$7,063,615 in 1944;—V. 162, p. 2687.
'
iviexic'&ii fe—rEarriingS—
Texas
January—
Gross
1946
from
1945
1944
1943
$171,054
$156,075
"36,921
"62,650
$161,336
68,113
42,920
$199,803
66,110
34,936
railwg'y.—
Net from railway,______
.
^xas Pufeiic Service
Bfown Brothers Harrlmftrt
for 278,748 shares
t
116,869
99,292
Co.—Transfer Agent—
Co.
&
has
been
appointed
of.tdrnmori stock.—V. 163;
transfer agens
1203.
p.
Tray lor Engineering & Mfg. Co.—Tenders.—
Fidenty-.P^iiadeipfiia;'
Tht
,
Co., trustee, 135 So. Broad St.,
o'clock" noon of March
22,
1946
of a sufficient amount of -p'referred
stock to exhaust the sum
of $10,048 at prices not
to include the
accrued dividend due and payable April 1, 1946, which has already
been declared.—V. 161, p. 1029.
-
Philadelphia,
Pa.,
receive, bids
%
will
the
for
.Trust
until
sale
to
12
It
•
NbTE~-For
:•
possible
.
order.
Mechanical
it is not
reasons
always
alphabetical
alphabetical
t& arrange
companies in exact
However, they are always as near
position at possible.
It
"
Annual
RCport'for Calendar Year 1945—L. K.
President,
.
.frtrn
2,659,922
1,832,084
provisfon for renegotiation of 1944 war business which was not
required.
This is equivalent to. 64.9 cents per share.
Provision for
Gil
iUCUXiie
Federal taxes on income l\JA AOAD amounted to $732,000.
for 1945
Net earnings
"$685,046
1944_'___i_-___________/
.
$1,983,770
$1,063,954
"$685,046
^ 82,0261
Not stated ~
,
dividends
1,757,700)
i
-
v$l,95
•
'
*
Nil
$1.01
.v
7
'
■
' '.
•
"/ \
CONSOLIDATED
Years End. Dec.
$3,295,379; land, buildings and equipment, at cost (after
reserves for depreciation of $3,286,038), $3,577,816;
patents (after re¬
serve ibi amortization), $56,313; deferred charges; etc., $54,169; total;
$20,379,863.
accrued expenses, withholding taxes/etc.,
other., than Income taxes, $146,677;
reserve
taxes,
'•
-A':
.i..
_r.
/Ane
sales
Net
for
taxes
^
ndf
V
postwar
Ry;—Earnings—
January—
Gross from
Net
1946,
railv.ay____
from railway._:___
Net ry. oper. .income,__
"Deficit.—V.
$263,927
7,375
"29,164
1945
1944.
1943
$460,874
103,982
138,123
$333,133
74,778
42,541
81,551
36,315
L
p. 2991.
$5,99,2,57$^
112;; 7 u/
Tainpa Gas CO.—Calls 5V2% and 5% Bonds.—
corporate
trustee, Broad and Chestnut Sts., Philadelphia, Pa.
The company has also called for redemption on the same
of its outstanding shares of 8te
date all
preferred stock at $110 per share and
$1,982,497
1,083,070
1,034,387
803,443
$991,703
4,420
$948,110
$768,595
13,697
10.348
$996,123
$961,807
$778,943
of
25,000
2^000
1,434
Net
48,409
^
"
1,591
$1,572,043
2,833
3,322
prop.--
25,000
25,000
64,000
42,000
45,000
47,900
taxes___
668,000
694,800
659,160
525,600
for renegot—
cm,200
$232,889
$227,734
$177,610
100.000
80,000
40.000
taxes
&
profits
res.
tAccelerated
surtaxes
amortiz.
__
2,170
profit to earned
surplus
Cash
$1,523,634
$2,074,773
-
Prov. for est. Fed. norm.
+Est.
/The company; has called for. redemption ori April !, next, all of its
outstanding first mortgage gold bonds (Ste*/' sinking fund series due
1956 and 5'y
sinking fund second series due 1961) at 105 and interest.
Payment'will be made at the Real Estate Trust Co., of Philadephia,
$1,928,717
53,780
'
$2,031,374
43,399
$994,020
for post-war cont.
Excess
con¬
1942
$6,831,736
5,308,102
7,208,328.
:
13,662
expenses
sale
on
Prov.
inc.
163, p. 822.
1943
$9,137,045
1944
26,487
$2,261,266
Interest on bank loans.
Loss
j
$8,646,109
6,614,735
,v
$1,007,682
Operating
Total
$384,267
f-$
$9,545,928
7,284,662
1,293,733
Total
Balance
Tennessee Central
OH
Subsidiary, Bright Nickel Corp.]
I.'- 1945
7
t
Other income
)
taxes
$2,287,753
from
•
accrued
income
/\bet
sold_'____
-U
royalties._
Balance
Income
.
$174,725;
31—
;
COst of goods
;
<
LIABILITIES^-Accounts payable (trade), $253,09(); accrued payrolls,
$210,264;
Ppripral
INCOME ACCOUNT FOR CALENDAR YEARS
[Including Whqlly-Owned
inventories,
is
fnr
after deducting
for the year/1945, was the highest in the company's history.
of, business
;Ahd;-'qh; hahd, $9,64'2,424; irivestmerit In
$2,490,006; estimated refunds of Federal taxes
on profits,
paid in prior years, $292,646/ accounts and notes receivable,
leSs reserve,
including claims under, terminated contracts, $971,115;
8. securities, at cost,
U.
nr\n
after provision
1944,
year
and
,
240,000
dividends
*r,no
the
incOme
310,000
$1,063,954
estimated
to $259,712, including $11,200 representing
1945. amounted
of $708,000 for Federal taxes
$6,160 additional net provision for 1943
renegotiation,
amounted to $215,529, equivalent to 53.9 cents per
share.
In each of the years 1942, 1943, 1944 and 1945 provisions of
$25,000 for post-war contingencies have been charged against earning.*;.
Renegotiation proceedings for the year 1944 have been concluded
and no refund was required.
It is the opinion of your management
thdt profit on war business for the year 1945 has not been excessive
and therefore no provision for renegotiation refund has been provided.
A dividend of 34 cents, per share was declared In November, 1945,
ahd paid Jan. 3, 1946. [In 1944 a dividend of 25 cents per share was
paid.—Ed.)
,,v.....
The plant expansion program commenced during
1945 has nowbeen completed
and the additional facilities already put to use In
meeting expanding research and production requirements. The vo!ume
$837,038
18,696,241,'
renegot—.
Lindafil,
Feb. 9, stated:
on
^Consolidated net .earnings of Tlie Udylite Corp. and Its wholly
....
for the year ended Dec. 31,
owned subsidiary. Bl ight, Nickel Corp., for tne year euucu
for
1943
1944.
$4,678,876
.
$22,370,011
BALANCE SHEET, DEC. 31, : 1945
share, after
statutory '
of
(The) Udyllte Corp:i—Mergei4 ApprcvBd—
"Thfe stOfekholdCrS of this corporation and of the Parker-Wolverino
latter into Udylite Corp.
Corp. on Feb. 20' rtppr6VCd the merger of the
(see V. 162, p. 2400).
.
mnnil-
"Loss..,.
year1 ended
p.
and
Earnings per common share____—
Decembef • 15,,!:
Bights expired January 24.—See also V. l{33,
fr>,.
products.—V. 163, p. 1203.
.1945
sales & other
Profit for; yea
a
163,
totei of
_rm ■
955,000
Preferred
income -and
record
_
1,930,000
Common
] State Strcei; Investment i^orpbt^idft.
Stock Subscribed Foi*.—Of the total offering of 12^.411 shares of
to
At-Li-.S.-_
.
—_
for
made in
authorize
to
the
adjustments.
This compares with
solidated net profit of $1,610,434 or $1.11
per share.—V.
made
1944
1945
—
v
profit --'-in—'—$1,743,770
Reversal of provision for conting.
1
Corp.
series.
issue
contingencies and
revised
figures for 1944
stock
31
13,132,741
3,250 sh^;
per
-Calendar..Year*—*.'
Prov.
series of
value, of convertible preferred stock.
preferred stock will be offered to the
.reports
of
3D(j
Net
it is expected that the conversion
price will .-be at.-:oih'i)ear"th'6.:-iji$f;ket
price of the common stock at that time.
The proceeds would be used
primarily -for the expansion of the
company's manufacturing facilities,
particularly those for thd manufacture of automobile
bumpers.
,The.
$2.07
dec.
sheet
certificates
opeiv lhcdmfe_u_
"Deficit.—V. 163, p 822.
iYAREANT^—Cdmpany ,1s to deliver to, Edward R. Barker Co., iris.,
onle purchase warrant for each share: of Class A stock sold at tec pet-'
warrant share; t6't6tai $283.75.
The purchas'e warrantsi may be exer¬
cised during the period beginning one year after the fifth day following
the filing of the letter of notification in connection with the public
offering Of this iSStlfc ahd • terminating five years after the fifth day
following such filing of letter of notification, at-6/p.m. New York
time, at $5 per share net to the' compdny of Class A stock s6 purchased.
'■
Dec.
$7,965,732
8,640,000
w,au
■;
balance
Net ry.k
,
Talon, Inc.—Annual Report—
2,685 226 shs.
_
vote
Issued'
-
outstanding shares of Class A and Class B share and share alike.
Upon (he dissolution of the corporation or a distribution of assets,
the outstanding, .Class. A stock shall .reecive $5 per share before any
amount shall be paid on the Class B stock and the Class B stock shall
Total
Standard Steel Spring: Co.—New
Issue Proposed.—
will
$9,620,172
$2.bU
-•
liabil1ties-
j
connection
Oil
469.
The... stockholders
:
826,t)69
Provision
;
share on the outstanding Class A
stock before / any dividend^ are paid upon itne Class B
stock^' After
payment of SOc per shart to such, Class A stock,, the. Claps B stock shall
'
cumu¬
1945,
stock
p.
comparative
net
company also issued 8,665 shares of
preferred
stock
and
36,729 shares of common stock
in
connection
with the
acquisition of the assets and
property of the Canfieid Oil Co.
As of Feb. 1, 1946, the
date hereof, the total
number of shares of
stock the
company outstanding is as follows:
23X'?r cumu. preferred
stock, Series "A" (par $100)
238,665 shs.
Common stock (par $10)
outstanding, or issuable with
respect to outstanding
certificates
representing $25 *
'r
par value and $100
par value common shares of
the '
company (inclusive of 8,842 full
shares of $10 par
—V/ 163,
70,000
150,000
$9,993,023
—
Accqunts payable
;
60,000 shs. ^
of warrants with 3,250 warrants' '
Exercise
Expenses
company
and
of
-
shares.
the
2,510,000
55,uo
155,000
Total
120,U0'0 shs. ' /
i proceeds are, to be used for working capital/ for
proceeds are to be used for working capital, m
? a"d, Equipment and for the manu-
increased
238.900
;85,000
Investm'ts Jfl & a'dvs. tO1 sub. .& auxiliary cosi.
'
Pdstwar refund of excess
prdfltS tax (est.)—.
/
Miscellaneous assetk'—
V
PURPOSE—Net
1945, 30.000 shares of preferred stock
and 37,500 shares
common
Oct.
to
,
100,000
receivable
(customers)
Miscellaneous receivables and advances
tl^e .corpbratioir declare^,^a^diyidcrids by the board or directors, vnoh-
Nov.
200.000
4,300,000
Cr430,000
«c'nno
2.555.000
■'
outstanding. ;; ' ;.; ,5 "v /y
The Class- A stock, shall receive in. epcli- fiscal year out pf earnings of
-
On
for
'
*l"20,OCO shs.
*
par)^____w___.-i__
jactunng and promotion of the sale of »ts
.
lative
5,100,000
-r--—
A(Tcounts
v
Authorized
:-(l6c
above
from
5,582,000
2.533.000
.
new
whose assets
profits tax__—„
excess profits tax
income
be entitled to receive all of the remaining assets.
All voting rights
shall reside in the Class B stock, and the Class A stock shall have no
preemptive, right of subscription.
V:
«
subscribed
Uhder
a
546,751
$14,565,732
•Capital assets'
Deferred charges
some
thereupon receive in each fiscal year out of Earnings of the company
declared by the board of directors as dividends, dividends of ari equal
amount per share ori the outstanding Class B stock.
After payment
of such dividends to the Class A and Class B stock, d,ny additional
earnings declared as dividends shall be divided pro-rata among the
to; be
wholly
subsidiary of the company. This corporation was formed for
of conducting that part of the business
of the Fuel Oil
Detroit, Mich., consisting of,its truick-load furnace oil
busi¬
in and around
Detroit, Mich. This subsidiary acquired 'all the
real estate,
tanks, motor vehicles arid, other equipment and invenlories formerly used by the said
Fuel Oil Corp. in the
the
B /stOck
^se.iso shares feserved
and
from
State
615,415
-
Inventories of shlphur aboVe groUhdi---k,_/-^_13,178,206
Inventories of materials and:
sqpplles—659,135
..
■
ClOss'A stoek? ( $T. pat
Jan.-.25, 1946, the company acquired for approximately .7
William Whitman.
Inc..
(formerly National "Refining
interest of William Whitman, Inc/ in certain oil and
gas
sometimes known as the Appleinan leases, covering real estate
leases,
___
assets—
Jong been
•
-cAPirALlzAtlON'
■
about
or
$670,000
Co".) ; the
Jn
11.
agencies.
^
.
$1,197,543.
Oct.
government
/-V.
■
issuance;
is. td .obtain,, fuiids to reimburse the
company's treasury for recent capital expenditures made
by it and.fof
additional working capital. The net cash
amount to be received by
the company under the above
transaction Will be
Since
_
Production; .of-, Surgitube was not
large ^enough,.oj; sufficiently advanced, to warrant solicitation of Army
and Navy orders, therefore there- is nb govcrnmerit surplus-fcootis inve'ntory of Surgitube,'
v
,,,,
.
: '
.....
of
__
594,832
J—__ $18,293,023 $16,975,172
-—-
Cash and time deposits
U. S. Treasury notes and
,surgical/supply deajers throughout the. Uuite.'d. States;
Surgitube ;
bein^ expprted 'to CahKda, ;Mexicd' and S.v/eden) ;ahd export; ac- ;
tfyftles are;;exp£cted ;to. be expanded., Surgiinoe lias been brought ^o thq •
company to consummate the above transaction.
purpose
___
400,000
refund of
'i
ls also
company's
additional shares, plus 235 shares of
this, serfes heretofore authorised
byt not previously issued, will provide sufficient shares to" enable the
•The
-a——
1,139,055
2(K)
•—v
Jan. 30,' 1946,-the board of directors authorized an
11,100 shares in the authorized number of shares of the
3cumulative
preferred
stock.
Series
"A."
Thdse
of
«...
537,504
1,293,696
1,641,121
1946.
Diiring.TS^a^the/compariy/has/established distribution.through
."
'Under date.of
increase
*
A*»V
566,567
$17,698,191 $10,359,757. $14,018,981
*
Earnings per capital share—-
CDOttUUCUVU,.
established.;^ The-production Of lairge quantities of Surgitube will require g very small amount of labor all of wfiictt'lS unskilled, except for '
supervision. * '-t '
' *'
...
In 1943 an exclusive arrangement was made between the compalny -V
and a national distributor to sell Surgitube to the
Amejrioan market., '
However,
this - arrang'emfent proved unsatisfactory to the company. (
Early-in 1945 the company began its own marketing under the direction'*'
op. ^tecognired: tfdvertisittg; atrtf marketing: exports. •. The- product was
aqnourrced ?.irt Pleading- medical. an.d / hospital Journals and by mail _tb •
hospitals/.surgeons/ physicians;,and : nurses as well as to. Industries
havlng ^ their/ own;; medical - units,/
Professional conventions were at-,
tended and demonstrations of Surgitube were received enthusiastically.
\
has authorized the" listing of
11,335
Series "A,
(par $100) upon official notice of
issuance, in connection w^tb t-ne
disposition of said shares by the company,
making the total _33/4 /o
cumulative preferred stock, Series "A."
applied for 250,000 shares.,
additional' shares
have
400,000
^—
was
high sheed machines expected to be delivered early ih
1,680,752
554,703
Federal capital stock tax_
.
additional
excess
Pdstwaf
,0n a timlted basis.-. The ,ihaiiufactura of Sfurgltube ;
VentfrCIy rhade pn automatic, high-gpeed machines Which," have .b'ben
espefiigdy designed'for.^he purpose. A.battery ot 42 of these machines,
are; presently used' in the factory add" tftfe COmpahy has Oh Order 36
•
31
1943
400,000
Federal rncome tax.;.———
Other income taxes
is
Oil Cb.
1944
'
1,331,264
~-wr—
income
Federal
"f
'
..facture^^asVbegun
•
9,000
1203.
p.
v:
.
•
12,500 :
-
Gross profit
.
;
1,783,025
^
i
—
Amortization J—,-.,
Total
■
1945
Selling, general and admin, expenses
Provision for contingencies—.—
the
Miscellaneous income
.
COMPANY-HCorporation-
>
from
revenue
sulphur sales__ $33,965,017 $32,459,347 $28,345,743
Operating and delivery costs
—12,197,835 *12,158,575
10,609,086
organized' In Ne# Y6rk in Nov^mbfeft
1942.
The principal • office and factory are located at 1516 Jarrett
Place,'';Brbhjt,r New. York,'. Company owns the trade liifttk vSUfgitube"
and. uses the patent, United
States, No. 2,326,997, granted in August/ "
l943*J,ahd 'running to August, i960, Which has'been licensed to the
cdmany: byvL6ufs-HdcKmait, the present President Of the company, for ;
the -life/ off ther paten t vf or / sale and/ exclusive mattUfattUrb and distribution in 'the U/ S. A.' and possessions.
Surgitube .was. originated through the collaboration of a doctor and ■„
an expert in textiles. The dofctor was
searching lor a simplified surgical <
dressing matOrial./ Development has taken about four years as manu-
17,000 v.,
_______
Gross
Surgitube Products Corp. — Stock Offered—As mentidnfed in our is&ue of March 4' Offering of 59,75(1 Shates
of Class *A: &tbpk;28 by Edward
R/Parker & - Co.; Inc.; at $5 a share.
The offering ineludes :3;000 sharhs already issued- and outstanding.
:
37,000
_
—:-V. 163,
,
^.17,000,
——
1
-
,
17,ooo„
HornbloWer & Weeks.———-—
F. S.
Moseley & Co
The Wisconsin Co.____
BOsworth, Chanute, Loughrldge & Co.———
The.Illinois Co
Kebbon, McCormick & Co
Mltchum, Tuily & Co
Co..,
v
.
Hemphill, Noyes & Co.-—1-
Riter
.
26,000
17,000 0.
17,000 "
17,000
340,000
Central Republic Co. (Inc.)——
Coffin' &, Burr/ Inc.---------------------Harris, Hall & Co. (Inc.).——
of predecessor company of
Report—
comparative income accounts, years ended dec.
Raytheon Mfg. Co. above.—V. 159, p. 1596.
»
by each of them,
respectively, are as follows:
Corp..—
shares to stockholders
See" Chicago*Flexible Shaft Co. above.
-£rj*'
-* "* *
r
,:
.
& Webster Securities
Blyth & Co., Inc.-—-
Texas Gulf Sulphur Co.—Annual
Sunbeam Corp. —New Name.—
/". >;'
Stone
384 common
vAwV/Vr--:.
.
1,000,000
Foods
Submarine Signal Co.—Directors Approve Merger.—
shares^ will exceedHhe aggregate amounts initially pay¬
able by the
company to the selling corporation by approximately $1,**
£00,000.
./-'V- ■
.
to
Depreciation.
.common
,
from
26
Roach' company.'—V. 163, p. 1203.
•
aggregate amount which, w?hen added to the net proceeds of the
by the company of the securities now offered and an additional
sale
March
pany,/6,048 -priorr preference and 4,854 common, shares to minority
stockholders" of the Roach-company, and about 557 prior preference
amount 6f $l0,00O,00o.
Company
borrowings from such commercial banks
aggregate
short-term
for
stock
common
dividends end 7%
preferred stock at $105 per share and dividends.
Payment of the stock will be made at the First National Bank of
Tampa, Tampa, Fla.—V. 163, p. 1203.
Acquisitions.-
on
been called
authorized
'The.company.proposes to issue 38,044 prior preference shares and;
7,228 * commons shares to minority stockholders of the Columbus com- ,,
CREDIT—Company, has arranged lines of credit with various
commercial
in
the
ning £Co.
_________
intends
In
shares and to approve a merger into the company of
Corp., the W. R. Roach Co. and the Hoopeston Can¬
to; 1,150,000
CAPITALIZATION GIVING EFFECT TO PRESENT FINANCING
15-year 3tete sinking fund debs., due
Authorized
Outstanding
Feb.
1.
1961
$2,500,000
$2,500,000
Capital stock ($1 par)
500,000 shs.
375,000 shs/
BANK
Increase
an
dividends
:___
pa id
$259,712
______
....
post-war refunds and debt retirement credits.
tOf
business not required ($40,000) less net Federal taxes thereon
•After
?Of war facilities applicable to prior years,
1944 war
($23,800).
less related claims.
^ft^ran WW <Hcw30»wawww».^
jw>xww<
;%
THE COMMERCIAL & FINANCIAL CHRONICLE
1292
tmm*
*
ASSET8
COMPARATIVE
31
DEC.
44-^
v:
'
SHEET,
BALANCE
CONSOLIDATED
.
Inventories
the
a*
ol
lower
co*t
and
Reiundable
822,214
&
,
assets/ accost(after::reserve)---^»--^«i
Fixed
Intangible assets
Deferred
——■—-
SS
Total
193,257
104,152
Accounts
$3,516,021
$3,028,108
within 12 mos.
$50,000
$50,000
Accounts
payable, trade-—--—
payab e o« Jan.- 3,'1946-:;———- - Accrued expenses and misc. accts. payable
Accrued
ollicers'
compensation—
638,073
533,357
Dtviden4
■'
136,000
Total/.4//-«---"4
v
!•
T.TARTr.TTrESU-
iBank loans,
Reserve
Bank
——
v
■
instalments matur.
Federal
tor
income
864,346
25,000
17,283
100,000
148,200
Total
•After reserves for
and $30,354,814 in
148,200
724,984
$3,516,021
—•
Florida
has applied to the Interstate Commerce- Commission
for authority tojssue 881,602,000 of refunding mortgage bonds series
C and to use the proceeds, together with company funds, to redeem
company
the
road's
bonds
will
issued
be
the
under
and
railroad's
refunding
will
mort¬
dated
4%* bonds,
exceed
and
105
series
B,
interest
for
both
due
the
series
Jan. 1, 1951,
A issue and
of
prices
at
United
Gas
The
not
Corp.—Calls $3,895,000 of Bonds.—
has called for redemption on April 1, next, through
sinking fund, $3,895 000 of first mortgage and col¬
lateral trust bonds, 3 % series due 1962, at par and interest.
Of this
amount, $1,935,000 fs applicable to the April 1, 1946, sinking fund and
$1,960,000 in anticipation of the sinking fund payment to become
due Oct. 1, 1946.
Payment will be made at the Guaranty Trust Co.,
of
New
York, ' cornorate
trustee,
140
Broadway,
New
York,
Y.—V.
163,
1036. "
p.
'
Years End. July 31—
'
1945
:
for year, before
-charges ::v———:~
'
of
amount
counsel
and
Contribution
capital
105,953
119,534
11,555
0,875
9,280
8,980
'■
Profit
for
for
♦And
38,500
32,300
34,400
as
—;
501,665
the
486,103
225,000
to
hand and in
on
written
of
off,
$67,202;
capital assets
(after
reserve
$5,209,202; publication establishment
$6,773,913),
(net),; $93,276/ total,
LIABILITIES—Bank
grain
cash
and
profits
tickets
accrued
taxes.
dividends,
Kinking
fund
bonds,
$5),
earned
V<
Fidelity
payable
share and
per
April
15
Jan.
16.
on
to
6
an
$2,988,757;
of
record
of
March
25
cents
were
^warrants
has
has
as
fixed
at
$43
yet been made.—V.
per
163,
share.
p.
/
•
J945
'/get profits from operationL^-»^-/_-l..^i._/,.
Provision
for depreciation
profit!
Income
from
from
were
and. depletion-^
^
share
securities
-
Royalties and miscellaneous income (net)...*
Total income
Federal
and
Excess
income
$28,596
taxes———
profits for year.
Palance at beginning of
.
$29,676
$40,863
28,693
for
reserve
year_.^...._
was
of
founded in
$4,227,187
and
Deduct—Preferred
Common stock
sto-k
dividends
share.
boats
.
was
$36,696,292
ing
547,554
2,394,210
inboard
of
time
were
given
S3.18
-
$3.07
at
gen.
Hill
as
part
his
of
an
Kobbe. Gearhart
underwriting
&
agreement
Co.,
witbi
OPERATIONS
FOR
CALENDAR
1944
YEARS
'
1943
1942
.
'
$2,281,107
$1,949,713
$1,683,852
1,764,392
1,745,350
1,523,553
51,864
$60,286
$21,537
$19,700
(profit
taxes
(Federal
company
tax
no
; $71,564
the
the
changes
for
6
1945
operating loss carryback.
announced
Sofskin
Co.
direction
in
163,
credit
Co.—Acquisition.—
March
on
of
under
I
1,500
excess
after
stock
88,734
$71,564
,
on
sold)
of
of
C.
H.
operations
are
that it has acquired all the
Findlay, Ohio.
Operations will
Glessner, President of Sofskin,
contemplated
in
the
:
immediate
1204.
p.
directors
June
March
on
common
stock,
share
per
5
the
on
and
30
a
$5,
an
the
Sept.
163, p.
and
3Va%
30 to
29,
dividend of 30 cents per s'tare
initial quarterly dividend of
cumulative
holders of
stock
common
last
preferred
record
year
25 cents each;
1204.
March
were
and
m-v
Dec.
stock,
31,
par
20.
follows:
as
a
March
year-end of
.
Earnings—
i|!:
from
ry.
declared
par
on
payable March
railway
railway
1946
1945
$2,538,168
1944
1943
$2,639,035
1,005,203
$2,638,722
$2,245,441
983,563
1,224,626
650,066
income,..
oper.
Definitive first lien
May 1, 1995, are
579,608
621,604
1,071,130
; 661,743
the
and
$20,360
Pearl
some
the
General
:
(
110
foot
after, the
during the
in
by
for
both
100 vessels to
subchasers
end
were
war
of
for
hostilities,
terminated.
for
83
four-year
in
boats
the
Retirement
designed
racing
reserve
104
the U. S, Armed
all
The
Since the termination
of
tax
1,425
accruals
To~553
9,939
income
$20,378
$22,977
(net)
41
-'•/ 4
$20,382
deductions
Net
$23,018
•
4,786
income
4,784
$15;596
declared
ASSETS—
$18,234
5,859
13,237
-
:
-•
.
.
1-
—
•
1945
1944* V
$281,379
$295,164
'
Other
physical; property
943
ii.—/
943
Other.investments
"674
-Cash
17,269
Temporary cash investment
:
Materials
supples
and.
prepayments
Deferred debits
.
-
4,758
■n*
5,ooo
3,967
dividends
and
531
V J
receivable
Accounts
Interest
17,213
T_6"724
*4 3,615
18
receivable„i_^_—i.-*./r._rr,
2.806
•———^
;
—
1,430
————
2.421
.
1.849
*
<
$328,835
$317v867
$43,400
$43,400
75,000
75,000
4.000
4,000
foot
aircraft
built
Forces, includ¬
business
done
was
by
subject
the
to
cor-
Government contracts,
rene-
the corporation
.
Capital stock j ; i4,340^hares no par)-_^^—•
20-year first 5Va« 1949 —
*
and
Navy Department.
Government contracts held
the Armed. Forces
its
6,411 >
5,330
COMPARATIVE BALANCE ' SHEET DEC. 31
and
gotlation.
.
pro*its
9,496 '
!
surtax
,
associated
from
Advances
classes.
period, the corporation
the
vV
15,047
9,679
income
Income
1944
31,784
Gross income
.
payable
Customers*
deposits',
"Accounts/
patents.
and
.
-
$37,079
17,163
and
Utility operating
Other
building
of all. national
various
foot
B,
New
-;
$102,925
taxes
normal
excess
Dividend
the corporation was building a num¬
vessels/for the Army Air Corps, These
built and completed and the corporation
the last
St.,
39,821
Federal
|g§| '
Harbor,
over
cornoration
protected
are
contracts
Within
records
series
temporary bonds
1945
revenues
Maintenance
-•
•'
rescue
satisfactorily
well
boat
time
nearly 95%
bonds,
William
22
>
successful
present
bold
trustee,
Operation
LIABILITIES—
the
3%
exchange for
(The) Walden Telephone Co,—Annual Report-
preferred stock
common stock
-
mortgage
in
Co.,
12 Mos. Ended Dec. 31
Operating
Utility plant
>
refunding
available
Y;'/■
.
as
particularly
at
motor
now
City
Bank Farmers Trust
York, N. Y.—V. 163, p. 823.
..
«
and
due
Atlantic City,
been
designs
further
vessels.
Shortly
by
$36,040,829 $33,754,458
.
.
v
has
craft
rac ng
the
At
porat bn
Balen'-e
per common
1902
•
corporation's
rescue
547,554
into
and
*.$40,663
prof,
from
-y
custom
corporation
many
The
v
2,395,024
dividends_.____.T_._.__.
Hano,
51,343
Net
Offered—Offering of 59,-
....
in New Jersey
■
international
32,469,105
$38,983,407
&
$72,882
Gross
designing,
and delivered
Total
" '
'
constructed by the. corporation
M4L000
876,765
B.
567,241
Virginian Ry.
■%';
and 59,880 shares of
' /
incorporated
stock
the
The
2 415 000
—33,754.458
OF
January—
4,368
$5,707
;
ber of 83 foot a"rcraft
contingencies
Harold
252.010
both
i
$24,727
23,969,4
$12,170
....
customers.
.
$7,783,187
$4,352,183
'
2,312
built pleasure boats;
specializing particularly
engineering and building of high-speed boats and
special types of boats.
.Corporation. has designed and constructed
spec'al
types of
boats for
the; Sun Oil Co., for the Fish and
Wildlife Service of the Department of. Interior and for
many other
in
242,175
2,195,000
,
the
under-
the
-
and
cents
$22,415
1,080
preferred,
was
both
233,999 *:
2,480,000
taxes...._._w._.
of
$312,297
the
31,
N. J.
In 1936, the busi-,
Ventnor Boat Works, Inc. In
January of 1946, the corporation's certificate ot Incorporation was
amended to change Its corporate name to Ventnor Boat Corp.
Since 1902, the firm has continuously,
engaged .In .the building, of
.
Canadian
of
ness
-
S9,027.183
Net
Earned
341,045
purchase
direction
Newburger & Hano 5,400 '
Gearhart and Co., Inc., and
*$178;236
Payments
HISTORY & BUSINESS—The business to whiqh the corporation sue-
ceeded
.
>1944
403,091
...
...
profits
Transfer of
,,
war¬
$7,302,014
to
underwriters
the
to
employee of Newburger & Hano.
entered
..
$100,
preferred stock is redeemable at any time at $5.50 per share
accrued dividends. The preferred also is convertible at any time
into common stock on the basis of two shares of common for each
^
$8,283,047
have
bonds
87V2
The
$10,569,095 $9,592,57^ /
2,286,048 / 2,290,558
operations..-..
delivered
an
of
warrants.
131,481
plus
Subs.)—Report—
Kobbe,
of
Victor Chemical Works.—30-Cent Common Dividend.—
135,740
2,952
at $5 per unit.
common
disbursed
offering of such
to
period
a
price of 5c per warrant
designate pursuant to the
$72,881
The
on
1942. yf
$37,911
736
(par $5 per share)
948.
United States Gypsum Co. (&
Calendar years—•
No
delivered
stock
a
they
be
the
holders
204,417
S.
and
used
(par 10(5) was made March 6 by Newburger & Hano
and Kobbe, Gearhart St Co., Inc.
The stock was offered;
in units of one share of preferred and one share of
has announced that the price for the
exercise of the
been
&
35 cents—V.
125,901
880 shares of 6% cumulative convertible
U. S. Industrial Chemicals Inc.—Stock
Price Set.—
The company
be
Hill is
the
common
any
time during
the aate of issuance
persons
will
authorized
of
$312,297
The
$154,497 r/ $158,156
118,677
Ventnor Boat Corp.—Stocks
shares
amounts
to
has
entitling
at
delivered at
sold
Federal
$139,p. 696.
also
on
old
of
222,281
continue
,
1946.
$139,820,
Jan. 15 and July 16, 1945.-*-V.
162, p. 3121,
Net
will be
Vandalla RR. consolidated martgage bonds to the extent
at prices not exceeding par and interest.—V. 161,-p.-1139.
of
1,
(Baltimore)—
Like
30.
each
stock
share
*$179,736
capital
Schotter,
W.
of
declared the usual'quarterly dividend of
dividend of 25 cents per share, both
Extras
share,
and
delivered
Vick Chemical
Treasurer of the Pittsburgh, Cincinnati, Chicago &
St. Louis RR, 380 Seventh Ave., New York, N. Y., will until noon of
March 30,
1946, receive bids for the sale and delivery as of April
extra
holders
last.
163,
the
exp.
"Loss.
thereafter
1943
y
p.; 819.
163,
H.
surplus,
'The directors oh March
cents
—V.
for
dividends; $2,300,000; shareholders'
mortgage (3Va-4%) bonds, $1,000,000 ; 4«/a%
$1,400,000;
class
A
non-cumulative
preferred
& Guaranty Co.
Declares Extra Dividend of 25 Cents—
rants
1944
$156,588
$28,910
income
Net
patronage
surplus, $598,458; total, $17,159,752
each
of
was
and
+Crl37,573
at
outstanding, $2,256,111; accounts pay¬
$1,085,302; reserve for income and excess
shares, (par $20), $2,848,860; class B
(membership)
$257,325; general reserve. $1,647,057; capital
shares
stock
.$609,787
goods
Federal inc.
STATEMENT
IgpiVandalia RR.—Tenders Invited—
overdrafts—secured,
1,748
common
for
share
one
after
or
will
Mr.
York,
Total
"
first
United States
on
and
51
deductions.
Income
orders
liabilities,
$470,242;
$168,602;
and
be
income
U.
ac¬
$17,159,752.
loans
and
redeemable
paid
share
a
$28,858
income
Net Income
$200,000; accounts and bills receivable, $605,283;
grain,
twine, coal and sundry merchandise—at cost, $649,795;
prepaid charges, $92,328; investments, (at book values),
employees' pensions, $225,050; bond discount and
expenses-
amounts
for
prof, before taxes
Other
and
depreciation
pre¬
under¬
Definitive Bonds Ready-
banks, $310,798;'Dominion of Can¬
bonds,
$98,492;
of
Net
Calendar Years
89,083
!_
Other
per
sales
Net
$9,608,326;
count
INCOME
$117,941..
Operating expenses
new
warrants
warrant,
one year
warrants
will
future.—V.
the sale of stock
from
Sept. 30, '45
*
T
,
$12.50
9 Mos. Ended
!S
into
agreement at the time the
stock now offered.
Pursuant to
Sell., adm.,
new leases
and oil properties and to explore, equip and
properties so acquired and to find new producing areas.
$220,810
$245,153
Cost
acquire
COMPARATIVE
Officers represented by directors of the
engaged in the management.
tUnder Do¬
purchase
1945
•
receive
the
to
capital
stock
sold
be
underwriters
New
dividend
to
of
reserved
dissolution, the holders of the class A
entitled
executive
company
deferred
be
first
sold
be
authorized
common
each
corporation.
Gross
at
130,000
$244,769
„"*
to
WARRANTS—Corporation
$1.50
STATEMENT
at
or
of liquidation
495,195
230,000
$290,511
year__
of
493,273
225,000
class.
a
PURPOSE—The amount realized
18,095
CONSOLIDATED BALANCE SHEET, JULY 31, 1945
_
the
in any further distribution of the assets of the cor¬
the rate of 80%
to the holders of the class A shares
class and 20% to the holders of the class B shares as a class.
develop
taxes....
ASSETS—Cash
35
Inc.,
non-cumulative.
is
been
outstanding
reclassified
new
UNDERWRITERS—Newburger
participate
^
68,509
17,637
dividend
event
shall
shares
shall
38,225
96,665
20^629
19,061
a
of
will
warrants
Net
receive
to
had
above
was
of
stock
beginning
finder's fee.
1945, authorizing the cor¬
and 30,000 class B shares,
thereof
price
warrants
prop¬
amended
were
warrants
^prefeirwit
share
one
have
/
writers, 5,400
per share
per
annum
when
before any dividend
is declared
such
poration
actively
minion Income and; excess'profits taxation
(estimated).
B38;
producing
gas
incorporation
Aug. 16,
A share
then
purchase, .for
years
unwritten
cents
the
In
respect
salaries
parent
60
V
as
legal fees
in
$1,233,388'
of
the holders
entitle
A shares
B shares as
$ 1,112,383
131,568
—
paid
assets
tProvision
(par
oil and
the
for
shares
12,000
underwriting
and as declared by the
and paid on the class B
If in any year after the
payment of the dividends to the class A shares to the extent of
60 cents per share, there shall be further funds available as dividends
as determined by the directors, such dividends shall be payable at the
rate of 80%
to the class A shares as a class and 20%
to the class
1943
$1,137,189
of employees' pension
Annual meeting expense
Provision for deprec. of
able
of
the
shares
12,000
warrants
the
to
value.
par
class
directors
,
$1,186,302
articles
STOCK—The
without
The
Subs.)—Report-
1944
*
i;
all
shares;
991,000
Interest on bonds./
Directors' fees •—z
•Total
less
The
present time
132 producing
Kansas, 70 in Oklahoma, and
the
at
meeting of the stockholders
poration to issue 360,000 class
Profit
ada
three
the
to
the
1,200
development
and
of
stock
common
Corporation's certificate of incorporation
for
PURCHASE
of
thereof
incorporated In Delaware Sept. 24, 1925.
principally engaged in the produc¬
and to that end has engaged in the dis¬
a
the
United Grain Growers, Ltd. (&
:
stock
for
was
petroleum
of
corporation
par).
provide
of
STOCK
oil wells, of
which one is located in
61 in Texas,
on
oil and gas leases covering
1,956 acres of land, 80 acres being
in Kansas, 945 in Oklahoma, I and 931 acres in Texas,
These wells
produce approximately 18,609 barrels of crude petroleum gross per
month, or a dally gross average of 664 barrels.
After deducting
the royalty and outside interests, the net production to the company
is 9,813 barrels per month, of which
1,171 barrels are produced in
Kansas, 1,330 barrels in Oklahoma, and 7,312 barrels -in Texas, or
a net daily production
of approximately 350 barrels.
company
of
the
(no
150
from the beginning,
owns
CAPITAL
operation
to
issuance
registrant.
exploration
Company
exceed
to
recently,
stock
basis
erties.
101 and interest for the series B issue.
The trustee had on deposit
$213,905 for this purpose.
Interest will be paid to delivery and payment date of accepted bonds.
—V. 161, p.: 1030.
*
N.
to
crude
covery,
not
exercise
*now offered.
share.
a
shares
additional
an
common
Old
mortgage
two
.
59.880 shs
t28?,200shs
common stock. The present stockholders have donated back to the
corporation 160,000 shares out of the 262,200 shares of common stock
.owned by then^ for sale with the 59,880 shares of preferred stock
made
hpinff
is
and
Valley Osage Oil Co.
United Electric Rys. Co.—Tenders Invited.—
•v
is
nar)
(nn
in case of newly acquired properties when
1945, or
acquired,
Company has,
Colony Trust Co,, trustee, 45 Milk St., Boston, Mass., until
noon of March 6,
1946 received bids for the sale to it of general and
refunding mortgage 5% bonds, series A, and general and refunding
*
priced at $12.50
16,
remitted
be
tion
to
ctnrlr
for the entire life of the lease and is
to cancellation.
It provides that the lease will be oper¬
ated and managed by the Gilcrease Production Co. at its actual cost
of such
operation and management,
which will be deducted from
receipts from sales of oil, and the remainder of such receipts will
e
The
Aug.
property is
nfct subject
substantially
4 The old bonds were sold to bankers in 1945 at 103.3599'/*.
Their
maturity date was Oct. I. 1990.
The company
has sent out invitations for bids to be considered
March 13 for its proposed offering of $81,602,000 refunding mortgage
bonds, series C, maturing March 1, 1991.—V. 163, p. 1203.
4
of
the
Offered—Offering of
Stock
—
A
activities of the company will be devoted entirely
to finding
building up new production and building and expanding the com¬
pany's assets and \business, as ^ its properties will be operated bv
Gilcrease Production Co. under a written contract.
This contract is
the same provisions as the bonds being re¬
except that the interest rate to be named in the accepted
be lower than the 3% Interest carried by the old bonds.
deemed
bid
Co.
Place
Outstanding
60,000 shs
*600,030shs
.
.
v>
(Until
amended
The
company
gation
nf
*
.
common
and
dated June 1, 1940, and will mature on March 1, 1991,
The
stated that the new bonds have the same sinking fund obli¬
gage
Oil
Osage
Authorized
preferred
par).......
shares reserved for issuance upon zoonverslqn
rate
at
writers.
Foods, Inc. above.—
The issue is
refunding mortgage bond series B.
new
The
1945—V. 162, p. 3121.
charge
small
/
....
(10e
stock; and
issuance upon the
113,468 |nareJ Of. C-lass* A stock (no par;. IS pemgTnaae
by the New York office Of Gllcrease Oil CO. Ot lexas.
Union Pacific RR.—To Issue New Bonds.—
107
stock
convertible
par)
stock
old
Valley
'
at
($5
Common
$3,028,108
tio/eo
and
runabouts,
CAPITALIZATION OIVING EFFECT TO PRESENT FINANCING
stock
1944
and depletion of $30,368,497 in
depreciation
utility
expected
are
working oapital,.
6cumulative
$81,078,327 $79,352,900
-
powered
>
added to the
Vacuum F>ocls Corp*—New Name, Etc.—
163, p. 69S.
The
have available
ferred
See
-V.
—
—
400,000
837,496
—
—————
a
dollars.
will
*120,000
Total
75,000
400.000
surplus
Earned surplus
20,357
(unearned
surplus
Paid-in
*
manu-
*
928,795
200.000
royaitj )—•.
Ressrve for post-war contingencies
Capital stock ($1 par value)----.Capital- surplus.
-.i—
Earned
.
92,414
30,000
12 mos.
alter
5,831,447
33,754,458
—-—
—
stock
the
cabin
23,950,220
5,831,447
36,040,829
stock
Preierred
in
bars for home use.
books' totaling over
Its
on
***■
available
to be used
as
follows:
fi)
$125,000 will be used to pay of j a bank loan in that amount when-it
matures on
March 27,
1946; (2) Not in excess of $40,000 wUl be
used
for constructing
a small
plant addition and equipping it fdr
painting and finishing operations. (3) Not less than $80,000 will be
$2,201,231
136.888
1.216.025
3,336,685
1,103,745
7,822,200
$1,477,663
.
I-i-——
payable,
Common
103,623
income (est.)
taxes on
loan, instalments maturing
Deferred
V
21,000
^
—
....
—
136,889
1,044,244
4,527,908
239,448
7,822,200
23,957,700
payable
Accrued expenses
^
Income and excess profits taxes——
Reserves (incl. reserves for depl. & deprec.)—.
weTe
boats* and
items—chiefly,
orders
which
or
lb size
PURPOSE?—Proceeds
$81,0/8,327 $79,352,900
——
—
of
reconditioning
initial
board
hulls,
inboard
cruisers.:
1,562,911
.
LIABILITIES—
22,189
Dividends
■
,1,773,061
and
furniture
has
hand
It-is expected that by spring of 1946, the corporato its dealers and the public 22 models, rangfrom 11 ;Vleet to 26 leet. and covering the'-/four -. 'basic'/I/
designs of boats - that are in popuia r demand; namely, sailboats, but-
32,561,537
(net).J-I—*32,052,652
equipment
-eiutrgei/^vn^
moil
326,403
'88,529
26,920
———•
.—
charges
Deferred
12,075
2,526'
prior years income taxes-
Other, assets'.
repair
certain
'mmr-
had 'on
it
materials
corporation
million
tion
Jng
taxes—.—
'
re*unds of
Estimated
what
the
of
The
6,333,241
.7,498,340
5,964,006
.6,8.10,026
(net)-——--—--
—
prolits
excess
and
Plant
676,031
receivable
notes
———
facture
25,611,551'.. 24,294,997
U. S. Government securities.——.^—,---——Accounts
Inventories
for
it
to
r\'■ ',?■
4945>
//1944 ^
***$■$' *8.867;032 >$6,183,873
•
$440,124;
600,000
1,104.2*7
market-—
or
ASSETS—i - ■
' s; « ♦'>
"cash- z-H4*;,4-*;■47/vr
1944
1945 4
hand..-;—$273,884
U. 8. tax notes, at cost
L
500,000
Exc. pro*, tax reiund bonds, due Jan. 1, 1546
/ 54,319
Accounts
receivable (after reserve for doubt¬
ful accounts)
—1,081,418
Cash in..b^nks and on
utilized
has
31
DEC.
SHEET,
BALANCE
CONSOLIDATED
Monday, March 11, 1946
•
-
Taxes
company
•
and
accrued liabilities
current
deferred -credits
-V.
construction /
68l
85,074
11,489
--
V
11,613
.
p.
1328.
h
79,663
$311,867
—
-
:v: f.
89,937
$328,835
surplus
162,
•i t-f.
of
345
379
90.990
—
in aid
344
796
.i.-—
Total
*
344
——--r—
Other
Earned
10,927
*
Other
Contributions
42
6,564
—~.~
accrued
'.Reserves
6,779
292
—-T~—•-
—
accrued
Interest
5,646
—-—-----—/-i-—
(Continued
on page
1330)
.
Volume 163
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4471
Stock and Bond Sales
New York Stock
«»
liMMMKiMDA1 LV3iSWEEKLY
United States Government Securities
k.
furnish
we
YEARLY
-
Haracardad in the daye range. onleee tbey ara the only transactions of the day. No account la kakan ot snob sales
NOTICE—Cam and delarrnd daUrwry mlm an
Below
on the New
tn
the
computing
for the
range
year.
York Stock Exchange
daily record of the transactions in Treasury and Home Owners' Loan coupon bonds
a
Exchange
on
the New York Stock Exchange during the current
Figuret after decimal point repreitnt one or more 32d of a point
-
Daily fteeerd ef U. ». Bend lWeew. %
Dully Beewl «f XI. 8. BmI Prteen
Mar. 5
V
Mar. « ;
f. Mar.
Mar. 7
■
t
tmivy
«%«, 1947-51
■
fHH
f High
2Vis, Sept., 1967-72—————{ Low;
A:-' ,/v?-■■■iCloae.,
Total sales in $1,000 units—
J
j
; y /\ f High
2Vis,; Dec.; 1967-1972—^.——l Low
iWy%: ?>%;«;• I Close
'":-"• ::r-V.; ft f Lc
•
{Cloi
'•
' >
.
W^VTbtaLjlill^
:
fHlj
[High
.] Xo
Low
[close
3%s, 1946-58.-Total
sales
in
$1,000 unit*.
U 104.28
104.28
104.28
104.28
I
2'..
V
:i.fM'-\ f High '
2 Vis, 1951-53—
{ Low
r
yi-*■[Close
_-{ LOW
[Close
y
Total sales in $1,000 units
Totalsales In 81,000 twitii•'
104.28
104.28
Total sales in $1,000 units
Tm*h
3%s, 1946-49
8
Tmgo
>%yi949-sa^..i,
.1
Low
Low
Close
Total saies- in $ 1,000
sales
,\ Low
[Close
i
In
fHlgb
100.18
<
J Xo^
[close
av^a,
100 18
{25
$1,00C unit*
""[High
J Low
*>
'
Total
-
111.15
[Close
3s, 1951-55
units——.
100.18
fHign
3s, 1946-48
Total
(High
[Close
Total sales In $1,000 units.
•
Bales In
$1,000 units
111.15
'
A***?•
2%S
111.15
$0$,k<;$
Total sales in $1,000
2
Total sales In $1,000 units.
f High
105.13
{ Low
[Close
$%», 1955-60
;fr-"'I
V
1936-59—
105.13
*
■.,
-
units
-
.
105.13
Total sales in $1,000 units—
.
g-
'
*
.
—
[High
Vis, Dec.,
.
.
-
vC
J
...
Total sales in $1,000 units
Total sales in $1,000 units
.
1959-1962
[High
Low
[Close
2
LOW
[Close
.
i——
fHign
[High
.
2s,
1 Low
3%s, 1951-54
/
[Close
Total sales in $1,000 units
.
J
1%* 1948-51
[High
2Vis, June, 1959-62—Low
1947
;
Low-
—.
"
(Close
[Close
Total sales in $1,000 units
Total sales in $1,000 units
[ Hign
\
s%s, 1956-59—
I Hign/2s, March: 1948-50—Low ■
LOW
[Close
Total
Total sales in $1,000 units
[High
,\ Low
2%s, 1958-63
fHign
Low
.
.
\
as. Dec. 1948-50
[Close
[close fl
'
Total sales in $1,000 units
Total sales in $1,000 units—
f High
Hig5
2s, June, 1949-1951—Low
[Close
1
] Low
2%s, 1960-65
{Close
sales In $1,000 units——
"
[Close
Total sales In $1,000 units
Total sales in $1,000 units
[High
2 Vis,
Low
iWtgK :
i Isnr
1948
Total sales
[High
2
■
2s, Dec.,
Low
Vis, 1949-53
in
$i,oou
*
;
units
—<
f
v.-
1949-1951-
Total sales In 81,000 units
[High
fHlgb
■
2s,
Low
—
March,
1950-1952
j Low
(Close
[Close
[High
2a,
[Close
104.12
[High
Low
[Close
(High
Low
Total sales in $1,000 units
Total sales in $1,000 units-
[High
—
< Low
106.25
[Close
1962-67
106.2-5
1951-55
Sa.
104.12
fHlgb
{ Low U
[Close U
106.25
Total sales in $1,000 units
10
Total sales in $1,000 units—
104.12
Close
1
1956-58
2 Via,
Sept^
Total sales in $1,000 units
Total sales In $1,000 units
2 ViS,
[High
1950-1952——{ Low
{ close
.
j Low
1952-54
v
Total sales in $1,000 units
V
vvyi/;-.
Total sales in $1,000 units
2 V'aS,
.
[Close
Total sales In $1,000 unite—
1950-52
SUgxi
\ Low
Close
2 Vis,
&
Close
[Close
Total sales in $1,000 units
—
104.21
fHlgb
(High V
Low
[Close
Total sales In $1,000 units
Total sales in $1,000 units
2
(High
Low
104.26
Close
Total sales in $1,000 umts
Total sales in $1,000 units
106.4
106.8
106.4
106.8
5
[Close
15
Total sales in $1,000 units
Is
104.26
^■rl
[High
{ Low >
106.3
106.4
[High
.{ Low
2Vis, Dec., 1964-1969
104.21
104.26
[High
i Low
[Close
Vis, June, 1964-1969
104.21
Closa
i Low
2Vis, 1963-1968
1953-55
[Close
Total sales in $1,000 units
—-
*
105.29
High
106.2
106.5
105.29
Low
1965-70
2 Vis
105.31
105.31
106.2
106.5
105.31
106.2
Close
105.29
[High
105.30
i Low
106.5
105.30
106.5
5
■■■<■
>
.
■
'•
•
Total sales in $1,000
115
units
[High
8
Total sales in $1,000 units
102.13
Total sales in $1,000 units
104.30
( Low
[Closa
102.13
[Close
1
fHlgb
102.13
{ Low
l%s, 1950
•
[dose
2Vis, June 1967-72
i'lfi
106.5
3
Total sales in $1,000 units
2Vis, 1966-71
U
[High
{ Low
[Close
1948
106.5
105.30
l<9is
'
;
,,,
104.30
♦Odd lot
sales.
.
{Registered bond transaction,
1
flregistered bonds sold at
106.5.
104.30
4
Total sales in $1,000 units
NEW YORK STOCK RECORD
LOW
AND
SALE
HIGH
PRICES
Monday
Tuesday
Mar. 5
S per share
STOCKS
Mar. 6
Mar. 2
$ per share
95%
S per
97%
96
*95
$ per
share
97
96
96%
113%
95%
•112% 113%
*112% 113%
*112%
113%
114
*112
*114% 115
*114
118
*114
118
16
16
16
16
96
*95
'112
114
16%
16%
32%
>
*32
115
15%
16%
32%
32 y8
6%
16%
32%
19%
20 %
19%
2oya
*46%
52%
*46%
34 y2
35%
16%
17
20%
19%
20 y«
52%
*46%
52%
34
34
*34%
17
17%
35
17%
51%
17%
'51%
50%
6%
9%
9%
6%
6%
6%
57%
56
57%
69
72.:-
41
41%
112
,
21%--21%
194
24%
34%
34%
23%
58
51%
134
:
58%
;
118
v
32%
.Abbott Laboratories
20
20
118
:■■■
Abraham & Straus
ACF-Brill Motors Co
1,400
32%
20%
52%
35%
35%
36%
1,800
17%
17
17%
2,300
51%
132%
8,500
51%
52
9%
9%
6%
6%
70
9%
6%
7
57%: 57%
58
72
5,700
35,700
59%
72
Adams
72
♦69
"106%
112
*108
21
21
*20
192%
190
42
192
•24%
23%
24
34%
34%
34
42%
112
21%
41%
•107
72
71
71
42
42 Y*
42 V*
*20%
112
21%
196
194
194
25
24
24
34%
33%.
33%.
12
Jan
2
128
2.1
15
Feb
25
1,000
•108
*20%
X192.
23%
34 y8
112
x42
42%
♦108
112
195
2,600
197
500
20%
193
24
34%
•23%
24 y4
34%
-34%
•
1,500
,i,
600
1,400
:
19
4
Address-Mutigr Corp
32
Jan
3
Admiral
16
Feb 26
_No
Corp.
Allegheny
p
50
Feb
li
22
;
Corp
SVa % pf A with $30 war
ll
*12.50 prior conv preferred-No p
Alghny Lud Stl Corp
Alleg & West Ry 6% gtd
No pt
1(
Allen Industries Inc.
\ Allied Chemical & Dye__
Feb
60
25%
58
9
134
3
12% Feb
6
3
8% Jan
Apr
17
Dec
38%
7
82
Jan
28
38
3 *
48% Feb
Feb
18
Jan
,05 -Jan
21
Mar
25
108
25
2
7
Allied Mills Co
33
Feb
26
V
Jan
30
210
5
85% Jan
22% Jan
Jan
17
29% Jan 28
39
Jan 30
Dec
34% Nov
21% Dec
/
56
122
9%
Nov
2%
Jan
6Vi
Dec
Jan
60%
Jun
56
Jan
74
22 Va
y
Jan
Jan
Jan
34%
Jan
42%
91
-
6
,
y
6%
:
69% Jan 28
68% Jan
47%
-
98%
1
52% Jan. 3
Jun
Dec
Dec
35
Dec
21% Dec
Apr
22%
Hoy
....
114
17%
Jan
28
Mar
.115
~ r
13 Vi Mar
V 32%
1
25
Jan
Apr
Jan
9% Jan
18
Jan 29
41% Jan 28
20% Feb
1
57
8% Jan
Allied Kid Co
No
111%
Feb 18
24% Feb
>
5% Jan
No
Alabama St Vicksburg Ry
Alaska Juneau Gold Min
i
P
t per share
60%' JanV:v..;:V 88
Jan 10
Feb
1
38
26
Corp
Highest
Vj $ per share
;
30% Feb 26
19% Feb
3,100
j
11
44% Jan
-
•70
tper share
4
.11% Feb 19
.
Express
Adams-Millis
135
9%
57%
14,900
82% Jan
Year 1945
——No p
Air Reduction Inc
•132
•
$ per share
Lowest
r
99% feb
5
116
Jan 24
Acme Steel Co
20%
•46%
51%
..
No p
4 %;.'Preferred^,^-:->■
1,900
";i6.:'ia«%
32%
P<
20%
•131
6%
57
.800
.
Range Since January 2
Lowest
;
Highest
Shares
17V4
9%
6%
;,f!■
•95%
98
•112% 113%
STOCK
EXCHANGE
35%
134
9%
t per share
Range for Previous
NEW YORK
527/8
19%:
50% t 51
v134
9%
6%
32%
the Week
,
4iya." 51%
►192
17
50%
134
9%
70
57%
"69%
"106%
51 Va
134
134
10
6%
9%
34 %
16%
■
135
'134
32%
113
32y8
32%
*46%;-52%
19%
*46%
34
113%
Sales for
Mar. 8
Mar. 7
t per share
share
Friday
Thursday
Wednesday
Mar. 4
Saturday
Jan
13%
Jan
153% Mar
15%
108
25%
194
Dec
Dec
Dec
Dec
Dec
Dec
Dec
Jan
24%
Dec
27% Aug
36%
Dec
4
For
footnotes see
page
1304.
"Monday. March 11,1946
FINANCIAL CHRONICLE
THE COMMERCIAL &
NEW YORK STOCK RECORD
STOCKS
iv/,}?'/
Mar. 2
$
|
per there
48%.
tper share
47%/
36
H 47%
-'
36
47%
36
50%
51,
"105
49
50%
-
137%
136%
*38%
73%
#
34
24
23%
53 ^
*23%
'51%
78
••
50%
23%
51%
133%
13%
134
*133%
13%
-
'* 94
93%
'
59%
120'%
A 144
144%
64
53%
13%
94-4
9o
200%
200 Va
200 Va
201
62
61
36 %
138
138%
138%
135%
115%
*134
H 142%
143%
66
'»
-6
108
-
*62
27
*26%
108
53%
9%
18%
18%
19
39
-10%
51%
50 H
10%
10%
35%
*108%
111
50
*49%
34%
10%
.
-
-
*55%
6,800
Amer
2,800
Encaustic Tiling
Amer European Sees
American Export Lines Inc
100
17 %
19
43%
44%
I
6,600
10%
10%
:
f
*50
10%
10%
60
♦54%
60
104%
105
35%
51%
'
400
\
200
11
$7
f
57%
200
*103
•105
*103
13
.
12%
-
50
*49%
13%
13%
13%
13%
s
12%
12
12 V*
12
12
I 1,100
49%
49%
.*49%
36
37%
36%
36%
118%
118
118%
37
"37%
37%
38 %
37%
37%
18%
18%
18%
18%'
19,
34
34%
34%
-
.
•
33%
145%
16
*145
;
146
88
89 %
86
16%
17Va
16%
2,ooo
Amer
3,500
Amer Metals Co
89
16%
Amer Mach
1
35%
34%
34%
17
15%
146
146
1,970
15%
15%
109%
110%
110
113%
115
119
Xll7%
118%
5,700
$6
109%
99 %
100 %
100
103%
105%
106%
Xl05%
108
9.400
$5
98
;
20%
20%
29%
30%
30%
-31 Va
30Va
'30%
98
98%
100
98 Va
39
-
28%
:i
*39
39%
29%
-
49%
30
50
50
179
,60%
179%
-
-
175
H 29
29%
29%
32%
51
51
29
51%
51%
*151Va
153-V*
51%
51 Vz
51%
51
*50%
~
,
LOW
Saturday
.
$.per share
188 %
188%
83
82%
82%
•
161%
161%
;
23%
V
189
82%
24y8
'
63%
63%
•
•23*8
62
152 Va
23%
12 Va
12%
12%
*82
82 Vs
82 Va
82 Va
12%
12%
12%
.*81
•
45
•A5
86
"28%
'28%
13%
: -
48%
*130
*-
112
130%
130
•
*24%
*20%
24%
HS
,'.::*45,;/% 45% .v,;
21
7
"
*46%
96%
117%
68%
38%
*80
36
J
H
25
H
*108
-
38%
.125
*26
*15%
*48
106
-
112
■£
38%
*80
87
•8r
36
' 37
38%
118%
;
25%
80%
125
30%;
16%
25
125
H
80%
' H
125
*27%
30%
■
-
16%'VH
16%
*23
*15%
*30
32
31%
12%
12
12%
73
70
footnotes
114
114
see
.
70
page
30%
16% ".
114
%
>
31
v'
\
:'H;
12%
71
7i
1304.
12
■r
*70%
"
91
9
12% Jan
28
5
63
Jan
28
47
Mar
58
Dec
Feb
26
112
Feb
7
Jan
109
Dec
68%
17% Feb
8
21
103% Feb
8
70
Jan
103
Nov
26
15% Feb
4
9
Jan
15
Dec
Mar
12
2
7%
Jan
14%
Jan
11
48%
Apr
54
Oct
Jan
41%
Dec
51
26
.
35 Va Feb
25
44% Jan
15
26
115% Jan
15
118% Jan
3
108
Jan
123
Nov
21
Mar
41
Nov
34% Feb
25
41% Feb
Feb
25
20% Feb
11% Mar
19%
Dec
4
41% Feb
24%
Jan
39 V*
Nov
Mar
130%
Jan
'89 % Mar
41%
Jan
86%
Dec
2%
Jan
13%
Nov
104%
Dec
Dec
17
140
Jan
24
par
73
Feb
13
par
10% Jan
3
33% Mar
146
.20%. Jan 24
180
14
6
15%
26
100% Mar
6
75
Jan
99
Oct
5
40 % Mar
8
18%
Jan
38
Dec
33% Feb
6
17%
Jan
31%
Nov
28
Nov
3
95% Feb
35% Jan
Feb
26
27
39 % Jan"
5
.50% Feb
32
Aug
44%
4
,73% Jan 29
40%
Jan
68%
15
164%
Jan
50% Feb
6
41%
Apr
Jan
31
Feb
160
131% Jan
14
46% Mar
7
170
40% Jan
4
50% Feb
4
27%
Jan
43%
27% Jan
2
33
Jan
17
17%
Jan
29
23% Jan
2
36
Feb
16
22%
Jan
31
Dec
100
49% Feb
26
53% Feb
6
41
Aug
60
Dec
151
Dec
Jan
155% Feb
8
47 % Jan
8
147
par
51% Mar
21
128%
Jan
5
29%
Jan
-
$ per
par
$ per
share
26
93 Va Jan
17
65%
Jan
91%
Oct
—100
—10
2
170 % Jan
30
145%
Jan
161%
Dec
23 V8 Feb
26
Jan
14
13% Mar
24%
Dec
61% Feb
69 %
Dec
—14
Viscose Corp
——100
No par
Elec
.No par
-No par
———100
:
;—1
Smelt
—25
Mining——_—50
'
*114
71% Jan
10
18
120% Jan
16
116 Va
Sep
25
27% Jan
15
8%
Jan
104
25
25
9% Jan
3
15% Jan
29
79
Jan
J -'
70%
Jun
49
60% Jan
51
Jan
10
8
114
Feb
57%
Dec
Jan
45
20
113
Dec
Jan
24%
109
4Va
Jan
Archer-Daniels-Midland ——No par
27% Jan
4
30Vz Jan
31
23%
6
6%
Jaa
-
^
....
—No par
preferred
$3.73
Arnold Constable Corp
-
23%
Artloom
4634
Associated Dry Goods—,
-
V15%
t
Corp.'—
9
—No par
1
-118
1
>'
Santa Fe
1-100
100
100
preferred—
5%
RR_
Coast Line
5%
non-cum
Atlantic
100
preferred
4%.i: jconv- prefaeries
■
25%
78%
128
79%
4128%
*28
30%
15%
117
;
u-
31%
11%
.
No par
preferred—^.;
100
Atlas Tack Corp—.—,——-No par
5%
conv
-v •
'.Z-:,
136
Jan
4
143
51% Feb
26
2
112% Feb
13
106%
Nov
108
Nov
8
27% Jan
9
11 %
Jan
x29%
Dec
132
107% Jan
..
7
Feb
9
111
60% Jan
17
23% Mar
$5
Feb
$2.25
Corp of.
conv
* fTbev
preferred
?
:
3.
No par
j
;
Nov
;i
59% Nov
,-/
141
Mar
42% July
25% Feb
15
10
Jan \
19%
Dec
U
Feb
26
52
Feb
16
18
Jan
48
Dec
j !
131 % Jan
2
145
.Feb
6
113
140
Nov
139 Va Feb,
8
55 1 Jan 15
18
44
Jan"
2
133,
Jan
3
Feb
27
Jan
3
108
*
Feb
111
*•'
Jan,
Jan
-
45
.
139% Nov
,
Mar
.
76%
Dec
108% Mar
105%. Dec:
13
52%
Jan
113% Nov
Jan
120
; j
H
.?"{
> ;
j-
26
llOVaJan
11
115% Feb
21
120% Jan
12
Dec
>
67% Feb
26
81
Jan. 16
48 Va
Jan
83 %
Dec
Jan
3
43
Feb
5
33%
Feb
45
Nov
)i
H
Nov
Hi
96
Feb
84% Jan
26
14
89
28
33% Feb
115% Jan
"
26
78% Mar
120
Feb
25% Jan
15
108
Mar
Feb
26% Jan
Co.
Autocar
127% Nov
102 % Mar
-
Feb
40% Jan
123
101
71%
18
8
15
12
83%
Sep
42%
30;% July
9
Jan
110
31
14%
120
Apr-
29
18
60
113
Jan>
32
Feb
15
18%
9% Jan
59% Jan
7
13
3
3
3
20% Jan
126
Jan
37% Jan
14 '
10%
77
-
Jan
5%
Jan
in 00 }S
Dec
14% Feb
15
83% Feb
2
'
-
h
20% ttefc
131
Nov
29
-
Jan-
14%
ii
Dec
27%' Dec
Jan
11
Dec
130
Jan„
29 *
Dec
94%
Jan
15
Dec H i
Nov
27%
Jan
28 Vz Jan
97% Jan
133% Jan
'
Nlchote—L—-No par.
prior A————No par
Austin
; Airtflttor.
70%;.:
—
Dec- ft
3
10
•
Atlas Powder■
i
15
12% Jan
24% Feb
Atlas' Corp————
25%
;-i
Oct
122 % Jan
37
^eflntng-^—^125,
r.
30%
,
1st preferred—,::
.—100
-2d prefenred-w-lu— —^100
Atch Tope! a &
-
-
41
9% Nov
Sep
15% Feb
i
.
j*
23% Nov
12% Aug
.
»;
49% Nov
38% July
8
5
"
j
,
Dec
July
38%
14
28
Feb
5
Co of Illinois———_5
prior preferred——No par
,"7% preferred i X-.—————100
Armstrong Cork Co——No par
,
Nov
10% Feb
24
i. .70
83
Jan
49% Mar
37%:
70%
Jan
29 Va
Feb
Mar
Dec
60%
40
4
i
Dec
11% Dec
6
H2
45% Mar
140
4
24% Feb
Atlantic
12 % .'
-
^
Nov *
82 V» Mar
4
•
Dec
51% Feb
9
43 Va Jan
I
31%
31%
5% Mar
7
112
H':H
112
100% Mar
4
■
*115
26%
Jan
Jan
Jan
Dec
121% Mar
Jan
9,
57
150
8
39
H 11%
99%
9
3
3
7% Jan
Ati a ft; W ft 8S Lines-
31
110% Feb
27
Jan
i8
-,-87 %
20%
-
Feb
29% Jan
128
43% Jan
•
15%
90
43% Mar
26
Jan
22% Feb
120
Co——___21%
20
Paper Co Ine
——5
Copper Mining-
70
V 117
29
Andes
56
shar»
80% Feb
Anderson, Clayton Ac.
V J-v-
.
Jan
48%
98% 100 '
15%
65
158% Jan
105
39 %
6
17
26
No par
15
Feb
92 % Jan
196%. Nov
Jan
26
$6 conv
118
Highest
$ per
share
80% Feb
Assoc Investment Co—
*27 Va
share
185% Feb
5'. 3% yrelerredl.-.--^--—,1—,^.-.>100
r
$ per
157
195
1945
Lowest
25
25
preferred——-—
139
Dec
100
class B_
—r
Dec
53% Nov
gear
Range Since January 1
Lowesx
Highest
""
preferred
Type Foundries Inc
A P W
Aug
No par
Armour ft
■/-
164
8
Tobacco—
Wks As
Nov
50%
Feb
153
Dec
Dec
181
Jan
>
Water
Dec
30%
Jan
60% Mar
177
Telep & Teleg Co
,
Dec
Mar
184
Jan
176
tea
36% Feb
iviar
27% Jan
28 Vz
■
142 Vz May
"
ft'Cable
-No par
Corp——12.50
$4 preferred-'--————-No par
8%
Oct
13%-Jan
7
49% Feb
18 V3
,
Dec
14%
Jan
6%
22
12% Feb
'
.*1-26 ;:r.: 128
Dec
7
'
*
Dec
10%
3
,'55%
79%
56 V*
Jan
,107%
97
109%
Jail
38%
11% Jan
Anchor Hock Glass
*118% 119
12%
73
6
99% Jan
Anaconda Wire
114%
Dec
Mar
Feb
97
1
51V*
*30%
12% H- '
H"*'
114
Nov
9% Jan
100
,
Anaconda Copper
/■y>137%vT37%^'
25%
15%
15%.
Nov
40
55
*48
36%
30%
>114
Nov
Xll7Vz
Jan
2'/a
Jan
*106
*36
130
•28
.
8%
Jan
20%
30
55% Jan
21
55%
.481
81
*126
113
25
47% Feb
107%
25
127
43% Jan
107% Feb
Jan
96
29
124% Feb
43
39
*80%
Jan
33 % Jan
—10
1
50
1
S5 prior conv preferred^
;
140% 140%
137%
69%
37%
II8V4 II8V4
24%
MI/, .T<m
6% Jan
113
7
Range for Previous
46
139
137%
67
25%
Jun
YORK STOCK
22 Va
*117,118%
69%
8034
•
125%
■■■*:?'& .114
3V'i
31
H;
For
98
!
43%
58
No par
No par
23Va
?1%..23
45%
46%
97%
36%
118%
24%
80%
24%
80 H
114
*70
.
Jan
*48
117%
*37
■■&£!
87
27
*106
55Va
97
44 % Mar
100
46%
* 108
-
~
139
h
106
117%
69
■
70%
36 Va '-'2
*111
12
98%
118%
-
69%
Jan
Foundries—
Preferred
'
138
136%
166
**117
'
46%
,
Dec
37
——100
25
Amer Zluc Lead ft
100
Dec
57
Nov
Sumatra Tobacco—_—No
14
m 56
.
V
•
>37% 137%
155%
98
97 V."'
117%
'
80
45%
106
>
118 V2
♦117
-
.
21%
Jan' 23
9%
Sugar Refining
*136
s
56
56
25 Va
21 %
*46
52Va
69
-46
'
135% 435%
137% 137*4
...
*105% 106%
*24Va
;
21%
45%
138 *
.139%
*134
*136
24%
20%
25%
Feb
19 Vz
Stove Co
130
.•
f.
Jun
Jan
preferred
non-cum
*129Va
-
■
-
Dec
109%
109 Feb
No par
48
28%
hr- 133«
.•r28%-iv28%,
13 3/i
14 ;
*136 x 139 f!
-
27 Vz
Apr
32% Jan
2
Building Co
51
8%
55%
54
*108
13%
18 Vz
139
55
Jan
105%
3
Smelting ft Refg
$6 1st preferred—
Woolen—
;
12
85
48%
132'
112
53%
-*109
-
*129%
18 Va
16
24 V8 Jan
Jan
—
American
-
500
"
14%
*136
*
140
14,100
8%
13%
133
*137
' ■
800
S
19
28%r28%
r
13%
}
50%
.47%
113%
8Vit
28
18
l'do
5%
Am
14,200
45%
114%
48%
Dec
Jan
/
7
American
142 Va
x457a
-
•18
Nov
69
70
Jan
Rolling Mill—
conv preferred
4,700
107%
13%
44',.
113%
29 V*
Dec
29% Jan
3
19%
65%
*81)
"
49 Vz
,
Jan
3
Jan
105% Jan
Oct
13%
69
9
24% Jan
64
Jan
Common
:•
Dec
149
112% Mar
11%
6%
119
•
24%
-13%
*82
45%
•
49%
-
14
16
Amer
44%
'
.
155 % Jan
Feb
Amer
580
142 Va
P
142 Va
-12%
12%
;• 85 <ii
*81
85
25
Nov
156% Dec
23
3,800
23 ?e
~
107
43%
142 %
141: r
'
,12
Jan
3
24%
107%
24 %
106%
"■
43%
141
110
40% Jan
17% Jan
American
3,700
*117
120
237.1
•
86
V65
64 V.
.
85
23%
24
*117
105 Va
-43
1
42
Jan
Feb
137% Feb
Feb -I'. 5
132
3%
No'
.No
No
No
Light
EXCHANGE
900
161% 162%
162%
162 V.
64
105%
45%
27
150
127
Jan
10
21
No par
100
10
100
18,50
No par
No par
NEW
8,800
85
i
24
'i
191
85
,84
,84
v
120%
23 Va
~
190 Va
190%
189%
23%
63%
144%
*142
;
^
163
*117
96
20
10%
Shares
Sper share
share
84%
23 Va
5
Feb
35
'
84
161 Va
Mar
134% Feb
Dec
95%
the Week
Mar, 8
Oct
Dec
67%
Jan
Sales for
Friday
•
.Mar. 3
$ per
84
Jan
■
54%
.
84
*
104
"
43
:
189%
Jan
'•
39
30%
Preferred
Am
•.* 120
26'
80%
American
100
Feb
7
American
100
i
53
183%
H
199
"
59
STOCKS
share
189%
24
104
"H
44%
155
*52
Thursday
Mar. 6
$ per
400
21
16
112y»
:
Feb
15
American Stores.;
1,200
Feb
70% Jan
207
10
Dec
17
10% Aug
<89%
8
Amer Steel
600
SALE PRICES
Wednesday i
23% -237/a
*151%
53
*52
«
52
52
*151Va 155
53
*52
63%
*
140
xl40
138%
138%
152%
,
120%
104 Va
41%
42-
51%
162%
63
23%
104 Va
104
52
51 '/a
84%
*117
120
23
52
?
!
29
196% Jan
100
Ltd-
American Snuff
9,200
32
83
23%
63%
-
*117
29
32
189%
161%
24
•
29
33
HIGH
84.
1623/4
161
29
-
'
83%
-
42%
15
100
Preferred
170
42%
*32
share
-83-
82
82%
120%
23%
23%
104
189%
189
82
*118
H 41%
t per
$ per-share
*
*165 Va
175
>165%
42%
1
106% Jan
Mar
6%
29
Mar. 5
Mar. 4
Mar. 2
AND
900
33
Tuesday
Monday
,
47%
29
•
33 V*
i
290
*32
29%
'
*32%
*151% 554 %
-
51%
*50%
41%
■
180 Va
46%
46%
46%
175
*165 Va
43
29
-
*50
-
-
175
41%
*
32% .33
*
157%
*153%
*165%
42
-v.::
180 %
•
180*%
17% Feb
25
Mar
Amer Ship
Amer
25
Feb
28
8afety Razor
American Seating Co
4,600
Feb
93
119
4% %
590
13
■
Oct
Jan
135
11% Feb
American
64%
64
180
47
47
47
47
-
175
*165%
v
-
42
*32
47
47
48
63%
180 Va
180%
179%
,178
63 Va
Oct
57% Feb
Dec-
55%
Mar
128
27
xl68
2,500
63%
"*■
I
62
63%
62%
61%
179%
62%
f'
X41
21
Feb
Jan
23%
20% Jan
American
2,200
16
25
Jan
136
Jan
2
3,210
30 Va
Jan
2
14,900
50
15 Va Aug
30
88% Jan
40%
30%
69%
14
81% Jan
97% Jan
30%
48%
50
,
" '
f
40
39 Va
Dec
28
Jun
Jan
par
par
100%
40
41%
80
7-
No par
No par
No par
preferred
preferred
99%
100
<30
29%
50
29%
-
49
.
•
20% Jan
2
Jan
—
News Co—'
Preferred
50
42%
9
26
50
,
Dec
9
41
7
Feb
Jan
Am Rad & Stand San'y
38,000
21
181%
Jan
86% Jan
Feb
Jan
30%
30%
99%
38 %
100 Va
39%
38
•
20%
181 Va
30 Va
97
%
21
181
20%
180
184
*181
186
*181
20%
20%
21%
20%
-
186
•181
'
Dec
94%
No par
& Metais
Amer Power ft
Dec
43
8
preferred
American
29,900
15%
-
161
Jan
132
50
& F.ly Co
Mach
6%
510
,
j
109%
50
preferred
100
4,800
7%
Aug
28
43
conv
5
19
*18%
19
12,100
38 Va
of 111
preferred
American Locomotive
5%
!
119
37 %r
88
87
86%
36%
Internat Corp
Amer
American Invest Co
240
49%
*118%
37%
34%
34%
145 %
84%
85
-•
80
145
145
145
144
37%
xl8%
34%
.
119
118
118
*118
18
49%
36%
49%
-37%
*118
2,300
13%
103
30
Jan
21% Jan
43% May
10
45% Jan
33
No par
—100
No par
1
preferred
6%non-cum
100
13 %
.
50
36%
36%
35%
12%
50
.
i
Jan
153% Jan
78
No par
Ice
American
14,200
15%
105
*103
*
*12%
-13 %
*12
13%
13%
12%
103
103
105-
15%
16%
16%
17
v
71
No par
No par
No par
'
15 %
15%
14%
v
25
Mar 1
18
SS Co
American Hide & Leather—
6% conv preferredAmerican Home Products
| 1,500
26
39
20
1
American Hawaiian
4,400
109%
106'/a
106
55
3% Jan
Dec
No par
1
preferred
2d preferred A—
preferred
$8
Feb
128% Feb
100
stamped
Distilling Co
$7
2,500
j
57
60
*55
*104%
1
51%
10%
10%
10%
35%
108%
*50%
110
110
50 Va
108 Va
35%
35%
35%
108%
17
preferred
1st
Amer ft Foreign Power
1,300
50Va
Dec
71
American
25,400
119%
71
17
10
>'
9%
Dec
11% Jan
Crystal Sugar.
6%
119%
108%
105%
104
103
American
54%
Sep
11%
26
50
190
...
35
9V« Feb
preferred
800
10%
11
*54%
60
•
103
4%%
118%
50%
10%
10%
100
10 Va
121
35
36
111
34%
*107%
¥
I
Va
Jan
100
No par
—10
—
;
V
9
44%
42%
\
66%
118%
10%
10%
*118
120
il20
42%
41 Va
10%
10%
-
118
;
42
41
40%
-
V8
10-
118
Colnrtvpe Co
preferred
conv
25%
54
19
"17%
18%
*17%
American
5%
107
*
Dec
23
8
-100
H 27
9%
56 Vs
37% Mar
No par
27
54
a
Jan
1
00
& Fdypreferred
Chicle
700
38 Va
Cable Inc——No par
&
107
108 %
52%
9 Va
9
non-cum
American
25%
27
"26%
*107
53%
52 Va
54%
9%
*62
27
108
107
7%
1
*62%
Dec
15
5
-100
148
470
104%
4
—.
Am Chain
146Va
66 %
.
Preferred
American Cai
.
137
*132
....
26
66
66
27
108
*62
,
-
26%
-
145%
26
*25%
25%
*25%
145 Va
143
144
25%
26
139
_
5 2,600
I
130
36
Dec
55
47Va Mar
Radio Corp—1
American Can_
——25
500
123%
Jan
102%
Amer Cable ft
.
420
3,200'
62 V*
36
148
1'
202
*120%
121%
J'5,100
20 Va
6
.
'11.500
95%
62
36
30
14
•
201%
201
-
*120
9Vs
H
94%
36%
121
120
♦
54%
60
13%
120%
■
103
14
95%
36%
34%
103
13%
95%
''
133%
133 Vz
201
3,700
51% ' 52%
53'/*
♦132%
61
60%
61 Va
I 60%
59%,
1,300
,
J
134
*133Va
•170
24%
29
107% Feb
Corp—No par
Amer Agricultural Chemical-No par
American Airlines
5
American Bans Note
10
6% preferred
——50
American Bo schCorp.
—.—1
Am Brake Shoe Co—„
No par
5%% preferred
—100
2,000
79
"
Jan
3
Amerada Petroleum
4,500
35%
134
120 Va
108%
*54
52%
36%
*50%
,
24
51%
75%
26
104% Jan
31% Jan
preferred-
6%eoav
share
45% Feb
48 V»
58% Jan
Amalgam Leather Co Inc—
1,400
> 500
139%
•
Highest
$ per
$ per share
No par
Alpha Portland Cm
/
100
41%
139%
36 Va
108%
34
24
51 Va
-94 .'£
25%
10%
23%
24 V*
13%
*63
118
24
24Va
14%
36%
40%
40
40%
*116
79 .7'
95%
9%
19
9'a
*17
79
80
*79
79 V2
93%
*107
54
79
34%
13%
120%
20
108
35%
34%
134
*25%
64
■
26
*107
75
35
75%
34V2
24
202%
-
142
:v
26
*25
76%
34%
73%
13%
'136
143
75%
74%
•133%
x30%
37%
37%
*138%
41V*
133%
120%
,
42
-52
59%
60%
120%
202
•
*41
42
*41
51%
93%
—
203%
202%
139
$ per share
No par
Mlg
Aliib-Cnaimers
4,700
a*50:,4,..-60a::
65
*58
«
£2,400
10
io
Highest
Sper share
Par
•
No var
100
preferred
4%
12,900
37%
36%
•
*133
42
34%,
'
9%
9%
^
Allied Stores Corp
200
52%
65
72%
.
37 Va
'
105%
138
40%
■
*79
78
79%
;
37 V*
Lowest
Lowest
"H;."
Shares
6,900
51%
Year 1945
Range Since January 1
,
50%
;
105%
V
51%
9%
9%
136%
_
.
34%
♦78
50%
37%
"58
65
138
137%
106%
*105
50%
9%:'
r:;
9%
*58
59
136
M39r-P*4
,71%
72%
33%
34%
40
*72%
49%
37
,
9%
59
v136
62
*105
106 %
50
Range for Previous
•
STOCK
EXCHANGE
NEW YORK
the Week
$ per share
50
49%
51
106V*
49%
'
;§
^
Sales for
Mar. 8
S per share
36%
9%
10
9%
*59
$ per share
there
'
106%
48%
*105
106%
Mar. 6
Mar. 7
■
$ per
.
49%
48
49
*105%
Mar. 5
Friday
Thursday
Wednesday
Tuesday
Monday
Mar. 4
Saturday
PRICES
HIGH SALE
AND
LOW
Dec
10% Dec
63 '
Dec
.f
Volume 163
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4471
new york stock record
low
< Monday
Saturday
Mar.-2
$ per share
high
<<</'Tuesday<.<.
"Mark 4
a
and
sale
...
Thursday
<•> Mar. % •
i Mar. 6
$ per share '<
;•«' Friday
i
Sales for
Mar.#
■'
$ per share s
$ per share
«'Vf<A">
stocks
—
Wednesday
\
('■*<<"Mar^jSt-iiv'-^
$ per share
-ivs %<■ \
prices
new
the Week
'
$ per share
V:-
york
Range Since January 1
Highest
v
v:
«
Range for Previous
'
stock
exchange
■
J J
Shares
Par
$ per share
v,-
'
•'
•
t
\
r>'; ?.
^
Lowest
v
Highest
$ per share
$ per share
\
»
.*
Year 1945
.Lowest
,
S per share
v.
•> •'
'
-
31%
32
;
23 Ve
23%
40
411/2
1
31%
22%
-
V 32%
32%
-
24%
41V-
22
41%
/
33%
23%
41 »
23%
40
i
32%
22
23%
w2T
23%
33
V
33% 7
233A
33
3234
33
\ 23
24%'
14,100
J.
,
20,000
.
Baldwin; Locomdtive Works——.-13
Baltimore dt'Ohio^-—40&
:
31% Feb
*21%
21%
21'A
X78%
79%
38%
38%
22
.<.78.,<
78
i
"
*38
39%
52
*50%
54%
*50 y»
*79%
'
52
54%
233a^.-
54%
23%
23%
34%
33
33%
44%
44%
44%
*44%
,
58%
:
58%
108
r
t
51
3334
34%
34%
343/4
44%
44%
*43%
44%
59
*58
•
58:
*109
51
:••••'•>
••
..
*50
.
r
58
34%
34%
35%
443a
61
61 ■»?<•
"22%
*40
<:•
*1307/»
22 '
'
42%.
-*40
1
132
22 •' '
21%
'
42
*129
109%
110
109 Va
•
i
:
132
22%'
21%
*40%
132
*40%
••42%'. <
132
-
*129%
22\
u
:
i,
21%
♦1293*:
<;
19%
;
19%
27
*109
19%'
27
111
;
19%
*26%
1978':'
27%
27%
27%
•26%
27%
27%
27%
•
22
51%
*109'A
110%
;
111
*109
ill';
51'A
.iv
*30%
303a
29 %
3oy«
36%
36%
36
36 '
25
25
25
51
;
25%
51%
51 Va
20
30%
30 y*
,30%
.37%
37%
37
25%
26%
26'
101
100%
102 Va
*161
163
163
163
-
i
(
<
3Q%
36%
267a
101%
Bell
Aircraft
600
Bell
&
99
100
*160
163
98%
;
26 Va
99%
101
101
*159%
163
6,700
30%
66
66
67 Va
67 Va
37%
35%
36
35%
36%
36 %
26
25%
26%
26 Va
26%
26
26%
31%
*67%
•
69
*29%
31%
*31 %
32%
*31%
32
31%
*41
43
*41
42%
*41%
43
*41%
43
*111%
112
-*1117a
112
63
109
•111%
28 Va
27%
27 Va
111'A
112s
28 Va
28 Va
'
63
62
109
109
60 Va
62
60
38
38
38
'*175
190
*170
190
50
51
46%
46%
8%
8%
•
-.
62
"
63%
111%
64 Va
64 Va
109
:1,600
1,900
*59
38%
.
31 'A
:
*111% 112
i
29
;
^
"
<
8,800
'
900
63%
*63
64 Va
*109
109%
59
60
39 Va
39%
40 Va
-
:
50
•
50%
46%
'
47
*8%
•
9'A
'
38'
■
*170
*175
190
39
38%
38
H CO cd K?
189%
(
,52%
53 Va
'
"6,200
51
52%
52%
46%
47
46%
46%
47%
<
5,100
9'A
'
900
54
(
600
27%
:
52%
46%
9%
8%
52%
46 Va
53%
*9
190
*180
190
46%
"9
9V*"v-
8%
9
,
^
.-
4%
*53%
'
56
'27%
26 Va
53%
26%
'
*65»A
78
*68Va
53%
*53%
27%
26 34
76
*70
55
53%
27%
26%
*66
75%
*53 %
53% "
X53
53%
26%
27 Va
27 Va
27%
*71 Ve
78
*68
75 vb
'
f
16%
47%
16%
47%
r
16%
16%
17
16%
10 y8
16%
46%
46"a
47 Va
47Ve
47%
47'Va
47'/a
"
17%
r
,
:
48%
f
5,400
;
.
'
:
58
'
•58
43
43%
*112
-
115'
*112
60
44
43%
43
'
115
60
60
'
*58
*112
60
45
'
45
47
•
5,000
1
1,400
*31 Va
*34
'35%
*34 Va
-
110
*108
■
31%
32%
*32%
32 %
35 Va
*34
109
*108
31%
'
•32%
31%
109
32%
•'
31%
32%
32 %
<
<
k
(
34
35 Va
35%
109
*109
32%
*109.
32%
3%%
'
32.%
:*32%
'
;
:
*!
37
*109% 110%
110%
32%
-
*36
36%
*35
35 Va
110%
32'A
33%
33%
32%
32'A
26% Mar
16%
Jan
25
4
39% Feb
18
4
47
17
(Del)
No
'
60
(The)
;
<; 36
Jan
5
X106
Feb
!
Dec
47
Nov
8
23% Feb
'43
5
15 "
14
23% Jan
28
26
;
.
114
< 12 %
■
Jan
17%
Dec
Aug
42
Dec
Jan
35
.
4
Dec
55%
110
9%. Apr
27
Jan
140% Feb
7
Dec
h
24%
Dec
Mar
3
35% Jan 28
33% Jan
112
136
Dec
24%
Dec
29%
Jan
; 12% May
.'v. 18
25
Nov
,Jan
35
Aug
6
103%
17- '■?" 47%
Jan
58
paf
Sep
19%
Jan
preferred
Dec
Dec
109%
63
Jan
Nov
2
163
Co
toe
$3.60 preferred
6
Mar
127-
5;
Dec
Dec
98%
^
Jan
155
.
Nov
77% Jan 29
48
Jan
2
41% Feb
15
23
Jan
21
30% Feb
1'6
13% Jan
25 Va
Feb
26
35>/4 Feb
8
20'A
Jan
32 %
Dec
38% Jan
3
46% Jan
23
18% Jan
109% Jan.
2
6
X108% Mar
42%
112
Dec
33% Jan 28
>17% Apr
4
49% Jan
34%
Dec
78
Dec
109
Dec
27
72%
'
38
Dec
Dec
Dec
'
29
113
Jan
Dec
•
'
26 % Feb
26
'73% Jan
Feb'26
104% Jan;
9
;; Feb 28
7
109
8
68
95
Feb
*
59:
Ma^
36% Jan
179
12
190% Jan
6
4
11% Jan 23
Mar
72
62
7
26% Mar
-
85'
Jan
Jan
8
■
4
■
?
-
Feb
4
461/* Feb'28
Dec
Dec
Dec <
191
45%
Oct
36% Apr
• 5 % Apr
42%. Jan
55
Nov
10%
Jun
59%
Nov
37'A
Dec
80-
-
Apr
Jan
Dec
10% Mar
Dec
52%
Nov
40'A Mar
35% Dec
53% Jan
h-
19%
37% Mar
29% Feb
18% Mar
Jan
33%
:S 34% Jan
2
21
Jan
40%
17% Mar
564
25
x63
4
67%
47
26
8V2 Feb
;
114
17
44% Feb
r-
52% Apr
24% July
14
54% Jan
3
Jan
Jan
140% Feb 18
7
44% Jan'
59%
'
Feb
53
•
y 61% Mar
13
35% Jan' 10
;U0% Jan'
.40
Mar
8
112
Feb
14
<106
21
.^.15
.
:
Feb'21
108
313A Mair
109
4
18 % Jan
par
Dec
Nov
Jan
.
Mar
3
35%;Npy<-
5
37% Jan
.
Dec
36
112'
July
35% Jan 15
,39% Jan 15
9
31% Feb 26
35% Feb 26
'
—No par
.—No
Dec
28%
33% Jan
63% Feb
100
new.*.
——
Dec
35 Va
v
22% Jan
-
—No par
Bruns-Balke-Collender.
30
22% Aug
•,4- 17 < Aug
65 4 Jan
17
14
149% Jan?
—8<
».
16
40% Jan
•"28% Jan
26
113% Jan
—————to
-
32% Feb
Jan;
vFeb
3
No par
Corp—
Brown Shoe
.
1,800
(
7
Feb
67}/4 Feb
93% Jan
par
-No par
Brooklyn Union Gas
100
:
.
33%
2,900
Jan
:
14 % Aug
33% Jan
110 '
3
Jan
Jan
;
8
110
Feb*2r
31% Jan
Nov
23%,Jan
40
12%. Mar
\l
'
20% Dec
:
'
"19%
19%
*124
18%
125
19%
19%
125
•124
'
*124
19%
19 Va
125
125
125
23
37
21%
21%
22%
21%
95%
96%
97
97
23%
23 Va
24
23 vb
23%
*35%
35 V4
37
37%
37 Va
37%
v".
^
'
39%
*37%
37%
39%
40
,
'
40%
40%
'*108% 111%
17%
39%
*40
40 V4
40%
♦108% 111%
105
106
40 Va
>
39%
25%
26 Va
s
9,100
38 Va
38 Va
<
500
•
*37%
39%
*105'A
*
106
«
41%
41% (
41
"
41 Va
lllVa
17%
12 Va
17%
17 Va
17%
173a
i
;
i
\1& G>
Buldva Watch
12%
12%
12%
13
<
3,400
93
!
5,800
.
17%
*92
93
*92
93
92
92
85
85
85
*85
4%
87
85
85
85
85
28'A
28%
28%
28%
f
150
27
27
*108
111
27
27
*108%
8
29
29%
106%
•
'
106 Va
30%
27%
11T
*108%
27%
109
111
'
*
8
8J/a
8 Va
28%
28 V4
29%
28 Va
28%
29 V8
29%
io6v4
106%
106%
106%
*105.%
106%
30%
31%
31%
107
31 Va
31
LOW AND
Monday
Saturday
31
HIGH
Tuesday
Mar. 4
$ per share
$ per share
'
•
Terminal;.—-a.,'
6% preferred
Bush Term
,
41%
41
41%
*41
42%
56
56
56
56
*56
57
41%
*56
6%
6%
6%
10%
10%
lOVa
10%
10%
10%
10'A
10%
31
31%
30%
30%
31
31
31 Vs
32
43%
44%
124%
53
44
44%
••
124%
*123
53
53
44%
44%
124%
*53 VA
124
•53
58
19%
39%
19%
19%
20
19%
19%
19%
63
63
63%
63'A
63 %
64
64
*64
16%
16%
16%
56
*55%
133
132%
28
27%
16%
16%
56
16%
*16%
55%
55%
*55%
*132%
133%
*132%
45 %
45%
45%
27%
27%
27
•
28%
*45%
27%
73%
*69
86
*56
57
*56%
57
56%
57
57
57
57
-
8%
-
8%
8%
68%
*8%
43%
43
43
*175
180
69
70
68%
43%
*175
69%
8%
*8%
43%
42%
180
*175
70
400
7,000
28%
'
73%
58%
.59%
*107
107
158%
156%
158%
59%
59%
208
107:
157
157
59%
108
>
57%
8%
42%
157
156%
25%
70
!.
61
Case
1,800;;
25%
21
20%
21%
20%
21
#
27%
26%
26%
26%
27
12 %
11%
12%
21%
21
21%
20%
27
27%
26%
27
27
27%
26%
11%
11%
11 %
11%
12%
11%
11%
11%
*115
116%
*115
18%
18
*37%'
11%
11%
11%
116%
18
18
39%
39%
*115
39%
*18%
39%
12%
11%
11%
.
11%
*115
116%
*18
19
39%
40
,
40%
32
32%
32%
33%
34
Id
32%
44
42%
43%
43%
44%
43%
44%
17%
mi
.
'
18%
18
17%
112
17%
112
*111
*111
17%
28%
112
,
•111
45
45
18
17%
18
400
1,100
V] 45
:?
*110
46%
>
112
f*.'
-
t
2,600
v
18%.,
17%
class
Clinch & Ohio Ry
4%
I)
Co
2,700
A—1
series
81
Nov
27%
Dec
-
1
Mar
Mar
37% Jan
■ 1
Dee ,<
Feb '
101%
Nov !
;
58>
>
21
57
134
■ 53%
34
56
107
154
22%
20%
25%
10 %
Nov
20
Mar
32%
Nov
31
11
•
■
Products————1
100
Mar
Dec
;
Ocl
49
Dec
33%
NOV
<82% Nov
48%
Dec
J75.;.;
Dec
<71
Nov
-66%
Dec
37% Jen :
104% May
127
110
159
>Jan.;
14% Jan
25%
18%' Jan
20% Apr
'4% Jan
•
<21%
Dec
Nov
13%
115%
•20%
Mar
<40
Feb
Jun
Nov
if 32% Dec
10% Jan
50%
.Jan
Nov
Dec
16%
33 < Jan
108
Sep
Dec
11%
11% Nov
7
Dec
Dec
31%
10% Apr
25
Jun
:
109% Jan
<
Dec
Jan
Jan
.
47% Jan
.
119% Jan 10
10
5% Jan
35%
152
4'4'<:<;
Jan 15
Jan 14
Jan 3
Feb 16
Feb 16
Jan 15
13% Feb 16
Feb 25
5^
;i35«:Noy;
59% Aug
Jon i5
;
13% Jan 24
Jan
7
116
Jan 29
17% Jan
3
23% Jan 17
37
Feb 25: v <42% Feb 16
28% Jarr 24
35% Mar 8
42% Feb 26
51% Jan 16
14% Jan
3
20% Feb 16
109
Nov
21
Jan
52
8
Dec
180
Sep
'
*37%
*44%
37%
45
38
45
38
45
112
112
112
95
"93
♦38
*45
•
38%
37%
*45%
46%
♦111
113
98
*90
96
19
17%
17%
*17%
19%
55%
56%
55%
56%
13%
14
13 vb
13%
110%
95
*17%
23
;
;
23% v
13%
13% •<
30
30
; 23
22 vb
r
-
30%
<
<
♦111
98
*18
19%
23%
30
70%
■'
36
36
30
29%
30%
72
-
For footnotes
70%
see
36
37%
13%
13%
<
23%
30%
73%
page 1304.
72%
38
•
'29%
72%
14%
.<;/
X38%
30 va
30
72%
72%
•
38%
50"
1,100
14.%'
5,900
14 &
30%
39
:
30%
1
40
500 ">
2,200;
30% (
:
74
5,600
class
4,100,
14%:
31%.:
•
Chic & East 111 RR Co
•
23% f
14
*30%
I
Checker Cab Mfg
Chesapeake Corp of Va.
Chesapeake & Ohio Ry—
.
15,900
23%
30%
Champion Pap St Fib Co
$4.50 preferred ...
400,
.
58% ,59%'
•
Chain Belt Co————No par
1,200
900
'
18%?
v>18^'-
14%
13%
30%
.
'
92
92
f
22% -23%
13%
30%
38
<
92
58%
;
37%*
:
18%
13%
*30
37%
30
:•
x57%
22%
13%
30%
72 y*
;
58%
'
36
29%
91
*18
13%
13%
23%
13%
U3
113
<
37%
48
47Va
*111% 113
47%
46%
57%
59 >v
13%
-
113
*91
'f
57
13%
13 Va
♦30
'
46%
<
*37% -37%
38
17,800 ;
t
9,300 £
75
A
-
-
>
45
•;
5%
preferred
43
7
,
—50 <
9%
50
29
Chicago Mall Order Co.
—8 <*. 31%
ChiO MilW St PI P vtc
No par < 28%
< Series A preferred
——100
69ys
Chicago Great West RR Co
r
29% Jan
Feb 26« 51%
108% Feb 26
114
91
Mar 7
111
.-5
17% Mar 4 « 21
—28 < 54% Jan
5 < 63%
No par <
9% Jan
2
18%
40
:
20% Jan
2
26%
No par
No par
5
Jan 2 < 17%
Jan
3
33%
Feb 26;;
43
Feb 26 ;
38%
Jan-• 3
82%
Jan 31
33
21% Mar
Oct
Jan
15
28%
Jan
55
Dec
Jan
17
108%
Oct
112
Nov
11
.41
:
Jan
14%
307:
Dec
Jail
2
Jan
22
Dec
Feb
16
47% Mar
58
Oct
Jan
23
15%
26
Jun
12%
Jun
12%
Jun
Jan
Jan
28
■.
20% Dec
72
116% Jan
2
66%
109%
161%
29
21%
29
Oct
Dec
Dec
10% Jan
2 ?
Feb 25
Mar 2
Mar 8
Jan
3
Jan
2
Feb 26
Feb 26
Dec:
4
47% Jan
77
.
48% Jan
2
7
10% Jan
Jan
Apr
.
56
Jan
183
.
128V2
Jan
21
Feb
,
4
45%
Jan.
47
112
"
i
113% Feb
7
9
-
Feb' 26
11
9V2
56
Sep,
Jan
Mar
Feb 26
66
Apr
5y
Jart 34
Feb
Deo
Jan
32
60
<
43
27%
52%
<1%
6%
4,
16
Jan 30
81% Jan 28
175
,
Jan
Jan
Highest
$ per shareSper share
22% Feb 18
67% Jan 10
41% Feb 26
Jan
3
100
Jan
;
Year 1945
:
Lowest
49'A Jan 17
131
Jan
6 ?
6
4
8% Feb 19
'
—25
8% prior preferred—
Feb 29
<
Dec
7%
28
39
1
<
oct ?:'
110
Jan
Aug
22% Mar.
12% Jan 28
1.
Feb 28 v
Jan
2
Mar 5.
.
Feb 26
< 70% Jan*
3 .*
55% Feb 26 •
—50
—
-
7% Feb
Dec
Nov
Nov
87-
,7-
57V4 Feb 11?
55%
126%
45'A
?6%
Co..5
—
——10
4preferred—100
tCent RR of New Jersey—
100
Central Vloleta Sugar Co
——
Century Ribbon Mills'—
Nxr par
Cerro de Pasco Copper
No par
Certain-teed
15,900
20%
15%
3% Jan
Jan 29
47% Jan
-
16% Mar
10
100
.< '
Celanese Corp of Amer
$4.75 1st preferred
''<
f>.
2
7
Dec
Dec
95
15
t per share
19% Jan
3
82 % Feb 20
Central IU Lt
40% 5.
35%:'
;;
112
•111
112
:
18%;
32%
32%:;
*32
33
43%
,
...
18%
40%
40%
—25
Mills———^-No. par
Steel
Sep
105 % July
3
Highest
r-
41% Feb 26
Central Hudson G & E Corp.No par
1,710
:
40
'
19
*18%
(J
Jan
124
53
3,400
3,800,
♦115 W 416%%
116%
*115
19
11% \ll%f
11%
11%
11%
116%
f
<
7
3,100 <
9,100
I;
20%
< 32% Jan 29
26
?
Dec
.
14% Jan
9
Jan
42 ve
39%
111 %
Apr
13% Jan
7% Mar
77 % Aug
59% Mar
•
8
91% Jan
3
8% Jan
No par
—No par
7% 2d preferred;
—100'
Celotex Corp—
No par
■5% preferred
;—
—20
Central Aguirre Assoc—.No par
Central Foundry Co——j—
1
<:
140.
f
11%
20%
21
25%
156 %<
154
25
25%
105
9% Jan
6
"35% Feb 16
5
patfrpillar^ Tractor—-No, pat
500
/
25%
25%
20%
9
94% Jan
,7
-
Preferred
6,800
"i 107
25%
25%
Jan
109% Jan
Lowest
39
'
Ginger Ale common__5
preferred
—No par
Southern Ry Coa100
.Carriers & General Corp
4,300
*
•107
158
*156
156%
25%
26
30% Aug
14
14
'36
x30
Preferred
1,800
i
60%
61
107%
107%
108%
25%
Feb 18
Jan
20
4
54
Jan
3% Jan
4%% preferred —4—50
43%
180
& p Fdy_
Carrier Corp
1,300;
69%
69%
60
60
*107%
,
45
109'
No par
Carpenter
<
*175
180
69%
70
(
Copper
$3 preferred A
■
59
107
Dec
•
Range for Previous
Capital, Administration
Carolina
90;
-
?
8%;
8%
43
42%
*175'
Cannon
50
'
46
57
57
*8%
8%
43%
180
69%
39~%
Oct
4
Range Since January 1
Canadian Pacific Ry—
900
56
28%
*70
$4.25
Canada
900
133%
46
28%
73
180
Oct
18%. Jan.
Mar
45% Jan 29
99% Jam* 2"
■;*
Canada Dry
"
80
27,900
17%
16%
45%
28
*69%
19 7 8 '
*132%
Campbell W
1,100
64 'A
"55
45%
28%
72
8%
37%
2
ftSK SsM 29
3
1
Calumet & Hecla Cons
2,400
•
19%
17%
133%
*69
47
*66%
42%
Dec
22% Jan
29% Feb
.•
STOCK
Zinc-Lead
Callahan
1,200
•
44%
65
56
*55
„
58
65
133 %
74
*
Jan
Jan
24% Jan
California Packing——No par
5% preferred
—50
26,300
12,400
126
19%
*16%
17%
'56
133%
*69
*175
'44%
124%
*53%
■
132%
*44%
46%
*45
32%
58
*53%
19%
133
32%
124
124
63
-55%
10%
45
44%
45
10%
6%
*31JA
124%
*53 Va
10
46% Jan
tper tihate,
20
6%
33
10 Va
125
Dec
28% Feb
Jan' 24
5
EXCHANGE
.
900
.
59
6%
10%-
6%
*54
25 VA
;>97w
<24%
109
10
25% Jan
.109 '
Shares
;
42%
42
*56
59
*56
57
6%
YORK
NEW
the Week
$ per share
41%
41%
41%
,6%
Sales for
Friday
$ per share
6%
125
Jan
Noy
Jan
KTfiriTfl
6%
*43%
i
^75%.lJak'¥2;:
1
1,800
Mar. &
Mar. 7
6%
>
31 Va '
31%
:'
10% Feh 25
90
128
-Jan
74% ,Jan
106
<
16% Feb. 25
*
4%%: preferred.
i...——100
Copper & Zinc
;
—fi
Byers Co (A M)———No par
Participating preferred
100
Byron Jackson Co
—No par
'
6
Feb 26
Feb, 25
38
,
10%
99% Jan
<•45% Feb
,
Butte
90
>
3»
I; 38% Jan. 3
loav« Jan' ' 4
:
.
3,700
106 y8!
*106
.
100
3,600
29%
28%
Thursday
$ per share
41%
1,900
(
t
*
Mar
35
—10
common—.
.
21% Feb--26 '. if
105
—100
—
■
.120
Jan
26% Jan
3-
1
1
a—1
130
2
Jan
30% Jam
'
Sld'g 7 % preferred—100
Butler Bros
SALE PRICES
Mar. 0
$ per share
.
31%
31
32
Wednesday
Mar. 5
Mar. 2
-
8%
8
7Va
106 %
8Va
*109 ;it 111
111
7%
*109
109
8
7%
28 V4
8%
:
;
Burroughs Adding Mach——No par
Busk
.
30:
'
28 V4
"
common
Jan
23 % Feb
20% Feb' 25
93
preferred100
'
28
;
—.Nd/par
Co. .'toc;.i..—.1^.5
Burlington Mills Corp
,
*108% 111% (
93
,120
•
Mlg^—i.No 'par ^
$&
Bullard Co
: 8,300
12%
-
v
3
preferred
No .par
Budd Wheel—...i,,„mu,no par
Buffato' Forge co;.a——■
Buff Niag El Corp $3'.60 pfd_—100
1,300
t
40%
*108%
41
93
*
-
"
110%
12%
*92
Budd
1.000
37%
41 Va
;
Co
7 % preferred,...-..—. .,—-..-lOflt
i
.
700
;
.
<.36%
41%
38
40%
17%
85
24%
20
*108%
12%
84
620
13,900
41 %
17 %
84
f
llOVa
41
12%
94
97
: 106
106
39%
22%
40
•
*38
•
124%
21%
96%
*108%
'
17%
*92
38
*123 vb
Bucyriw-Erle
"
23%
105%
37%
38'A
17'A
12%
'
105 V2
X37%
37%
12
17%
12%
'
*
106
106
37%
*
5,100
<
97-
*96
'
19%
22 Va
123
-
21%
;
21%
96:
35'A
22 VA
"
X123
•
20%
95%
95
21%
95%
19 lA
19%
xl9 %
19%
22%
21%
1
'
2
28
%^preferred)■&£***»»——.:10a;
*
'•
"
54
50% Mar
Brigga & Btratton——.....No ■; «ar
Bristol-Myers Co New———2.50
2,400
49
115.
*112
-
Dec
"
61%
47 V2
•
-
115
*112
115
60 v*
60%
46 %
45
*112*
115
60 %
eo%
52 '/a
22
(assented) .100
Bower Roller Bearing Co
3
Braniff Airways Inc
»
2.50
Brewing Corp. of America
iff
Bridgeport Brass Co___
No par
Brlggs Manufacturing
—No par
78
17
".
55% Jan 23
108% Jan
Boston & Maine RR
'
48
17
46%
16%
9
par
1
Co—————.No
Borg-Warner
'
6,000
;
Jan
Jan
'
preferredi—10ft:
Borden Co
'
;
42
25% Jan'
Bon Ami Co class. A—No par
.: Clasa B———i.——No par'
Bond Stores Inc. common—
3,000
106
530
'
'
Jan
Bohp Aluminum & Bi ass____——5< f 60
60
61
"60
Dec
17 %
19% Feb
Laughlfn Ino
B
Bloomlngdale Brothers
—No par
Blumenthal & Co preferred
.108
Boeing Airplane Co
5
;
Dec
28
25 % Jan
-
Bliss &
20
29%
•
Steel
Blaw-Knox
•11IVA 112
v
109 Va
63%
*109
61
32
.••"43% •'44%
29
28
64%
32
<
43
.
'
400 *
9,800
52 'a
Jan
Mar
54
1
Blgelow-Sanf Carp Inc.
Black & Decker Mfg Co
1,000
:
,
27
No
—'
...
800
„
37%
r?
Loan
v
7%
29% Aug
'
1
400
)
66
9
2
14%
—100
Poods
Bethlehem
12y«
'4
39% Jan
—.5 "
Indus
Best
11,200
71
37%
-26%
Beneficial
9
Feb
49% Jan
Jan
127
_10
preferred
Jan
84
4
,_No par
_1 *'
«
.
Aviation
Best & Co
6,100
166
*69
<
-
>
102%
*162 %.
26 TA
*41 VA
109 Va
*109
60
38
60%
109
60
109
36
26 %.
31%
28%
28
2834
68%
36
36%
25%
-.
<
f.
26
,
101%
68
67
37%
37
.
^ 25%.
,
Bendlx
Co
25
3
26
10
.
20
Corp—
Howell
4%%
v
'52%
37
•
162 %. 162%
66%
'
-
"37%
<
110% •0-
30'/a
30%,:
26
1,000
3,300
Dec
Dec
25
Jan '
56% Jan
50
>.
•
Jun
81
104
1
i
23
•
106% Jan
.100'
Corp
RR-—.:
Packing Co
Belding-Hemlnway
t/
'
-
-
Aircraft
Creek
i
19%
52
;< rv
52'A
Beech
Beech-Nut
Nov
40% Jan
23
4%%'. preferred
Beech
27'A
*109
110%
36 Va
30%
19%
27
Creamery—
Shoe
Jun
447/a
20% Jan
t '
$4.25 preferred———..i.—No par
Beck
200
.
7<29'V:<29.%
27 ,<<'•;.
x5i%
Beatrice
6,000
<
129% 129%
■
28%
*109
:
52
700
28%
Jan
21% Jan
Bayuk Cigars toe....——.No par
I
42 Va ■k«.
*40
:
28'4
'
51
22'A
—
Jan
19 %
53
.
—5
Corp-t.—
11%
28
38.
;„50
»
35%
16
^7% Jan
37% Feb
w<i par
,.„,r,
Co
Oil
Bath Iron Works
20
<
27
,,
.
f
24% Aug
30% Jan
3
75'
100
,_10T
r,
I.;-; 38% Jan 30
4
20% Feb
50
preferred
%%■■ preferred-——
Barnsaali
■c
140
-
135
■
*19%
27%
27%
50%
*109
<■ 19%
20 r
20
27%
-*26 %
•
4
6,300
2,300
<
'
?•
27
27
(■
61'/a
>
110
42%
21%
..<♦40 ?<
42%
135
44%
7
'110
1097a
'
•
r
5 %
,r
47,200
..
*108% 110
110
109%"
Conv
100
Barber Asphalt Corp—
Barker Brothers
:.
260
267/a
*59
600
-.1,300
i'
55%
26 Va
*43%
preferred
Bangor & Aroostook
200
*54%
.
.;
4%
350
'
<?
55 Va
■<.
•
M
■v:
51Va
:
263a
r
22-
;
t.
'
25%'
:
5,100
H
;; 80
39% " 39%
34 Vi
>%>
;
22'
80
i
:
*109
109%
>
.7
*108
110
*108
51
•21%
:
'
;><; iV
40
-,.,55%
25%.
-
80
39 Va
;
44%
55'
25 Va
i
108
108
r
..:<
55
24
2IV2
.......,.80.':>.,
f «
< «42%v*42%.
42 Va
21%
>
79%
39
51
110..
*109%
108
21%
■■■39
253b<
55
*54
58% '•
*57%
*109'4 110
21v*
r.<-.,40.afe
40%
:<< 7934
;<
so
39%
52
*51
54%
23%
34
'♦
38%
•
<
40
26
22% Mar
39% Jan"
'
•'
Jan
6% Mar
5% Jan
Jan
25
Feb
16
Jan
8
Jan
29
24%
Oct
33
De"
Jan
28
66%
Oct
74
Nov
24
Jan
15% Jan
:
34 % Jun
27
Dec
,
Monday^ March 11, 1946
FINANCIAL CHRONICLE
THE .COMMERCIAL
-
a296
NEW YORK STOCK RECORD
LOW AND
Mar. 1
t per
>
)■}
39
'
•56
V.
•
*20%
'
118%
*73
*107
j"
j
;
51%
X5I%
33%
*32%
73
21%
60
'
V.
*106%
103
*56%
•'/:/37-v'/
%
-
*155
*183
18%
19
191
65
21%
21%
34
34%
30
30%
*188
30
30 '
46 %
47%
107%
107%
*42
11%
11
41
8%
8%
33%
17%
47
:
P
y 39%
-1
39%
41%
32%
*46'%
33: >
*39%
'
28%
40%
13%
13%
*106%
42%
"•V 15%.
57
56%
56%
19%
19%
20%
35%
36
53%
S6Ye
23%
62 y4
62
;
22%
25%'
>22V*
,
23:
-64
*
:
55
54
106
64%
64%
64%
lO'/a
103/4
6%:
57»/4
19
T9
6
6%
19
.
38%
39%
■4
36%
36%
106%
204
v
Jan
May
Oct
115
Jan
Jan
68%
Nov
Nov
110%
Apr
16
100
41%
Jan
35%
Feb
11
Jan
11
42% Feb
26
104% Feb
4
;
Nov
Sep
53%
Jan
140
67
Jun
59
34%
Oct
Dec
155
Apr
Oct
May
183
Dec
130
72
Nov
49
Dec
106
Dec
59'/2
,
preferred-
3%%
101%
o»t
16
34%
Jan
116% Jan
17
110
16% Jan
23% Jan 29
14
21% Mar
24% Feb 16
'56
Feb
41
Preferred
160-
3,500
28% Jan
46%
Jan
14
25%
46.%'Jun.
Jan
29
31
Mar
47
Jan 28
31
Mar
14
Jan
Feb
20
3
Dec
NOV
106% Feb 20
19
41%
Oct
Dec
28
Dec
39
Jan
53%
Sep
12
110
Dec
116%
Dec
15% Aug
25%
Dec
,4% Feb
42% Jan
6
Feb
1
132
2
2
35% Jan 10
55
Jan
29
37
7
Jan
17
46% Jan 19
26
6
6
10% Feb
4
36
Feb
109% Jan 28
1243/4
Jan
,
Dec
Jan
34% Nov
22
Jan
48
Nov
26% Mar
39%
29 y2
50
Jan
Oct
Nov
7%
3% Mar
Dec
Jan
34% Nov
Sep
24%
106
109 % May
Dec
11% July
22
5
3iy» Jan
17% Jan
45Dec
48
Feb
33Y8 Jan 17
Feb
4y4 Nov
% Jan
89
28%
19% Jan 16
18
47
26
112% Jan
4
37
Nov
26
16
26
38
36
8
Feb
2
Jan
Feb
42% Jan
Oct
29
25% Jan 11
■
6j/4 Jan
107%
Jan
Jan
56
5
Feb
Mar
84
118% Jan
Jan
•
NOV
11%
110 V*
19% Feb 26
38% Feb
50
474 Jan
30'/2Feb
47
-
NOV
90% Jan
41
112
2% Jan
50 %
24
23
31
Jan
.110% Feb 16
4.
Jan
26
Jan
8
115% Mar
45
8
28
Jan
17% Aug
Jan
26% Apr
108 y4
35 V*
Dec
45
Dec
v
/Feb
115
.
40% Nov
Jan
4
,12% Feb
26
15% Jan 12
8y4 Jan
17%
Dec
Feb 25
109% Jan 10
93% July
37% Jan
109%
Dec
102
•
40'/* Feb
26
48% Feb
6
110% Jan
2
113% Jan
15
21
18% Feb
15
Jan
54
Jan
Jan 29
:
Jan
8% Jan
20
Doc
29% July
43
Nov
7
29% Jan
44% Nov
30% Feb
1
16
Jan
28% Dec
>Jan
19
21
61% Feb
6
Dec
24
Jan
22% Mar
17%
63
3
26
53% Mar
.
Sep
Dec
113
106% July
10% Apr
41% Jan 14
5
17% Jan
40
50
8
Jan 18
35% Feb
8
,
59%
46
Oct
55% Nov
Dec
23% Feb 16
57% Mar 4
47.% Feb
12% Jan
19 Vz
49% Jan
533/4
Jun
27% Jan 18
67% Jan 21
16% Aug
26%
Dec
61Ve Feb 26
52 y8 Mar
64%
33% Feb 20
38% Jan
11
30
38%
58
'
17 Vb Jan
3
Jan
14
22% Feb
26
52
1
20
5
100
.
1
182% Jan
199
Dec
Jan
13
Dec
3
63% Feb 26
70
Jan
5% Feb
205
Mar
6
12% Jan 28
7% Jan 29
26
Oct
29
Jan
Jan
2
loy8 Feb 26
Oct
Dec
108
109
199
Jun
101% Aug
58 J/4 Jan
5
105% Feb
1
Ooty Intern at Corp
Jun
14
38
Feb
25
——100
Refining
Products
Corn
Dec
50%. Jun
Jan
47
9% Jan
32
Jan
18%
Nov
28
Dec
115
Aug
.
20
29 V4 Feb
123
Jan
18
50%
Feb 26
30 a Mar
40 V*
Jan
39
Mar
34
,.5
50
*
31% Feb
7
?Feb
112
900
6Va
50% Jan 14
107% Mar
45% Jan
71
Oct
-
7%
3% Jan
Dec
•
*>y
HIGH SALE
Tuesday '
'
$ per
share
.
-tf.
t
S per share
39%
39%
J
40%
38
'
*108
31%
31%
110
521/4
52%
52%
52
52
52%
52
52
32%
51%
32
52%
32%
108
108%
.
124
125
125
*45%
y
,
45%
109%
45
32
109%
Crosley. Corp (The)
900
Crown
523/4
52%
1,000
$2
32.
31%
32
32
3,700
Crown
*10714
'*123
128''
'
•'
125ya
451/4
3,700
600
110% llOVe
;
200
31
38
26
Jan
109% Feb 25
35% Jan .14
43 y4
99Ye Aug
108%
Dec
283/4 Mar
Jun
37
59%
Dec
Dec
Jan
r
6
49!% Nov
53
8
20%
30%
$4.20 preferred
$4 2nd preferred—
No par
No par
107
Jan
21
115
Jan
3
No par
■43% Feb 28
prefemd-..-.—1«.~-«~100
109
100
—10
100
38
Feb
110% Feb
5
Feb
16
54% Feb
16
130
•
114% Feb 16
Feb 25
Dec
41
Jan
35
3
Dec
343/4
24
54% Feb
27
5%
.25% Jan
14
Jan
>
$ per share
Jan
Feb
Zellerbach
1
.
Pfrshare
62
29
-
C
30% Feb
3
51
No par
preferred
Feb 16
2
4
Mar
Crucible Steel of Amer
:
44
$
49% Feb 26
No par
A Seal
Feb
107% Jan
(The)—__-2
——No par
Corp—8■
260 /:
108
'
44%
45%' .'45%
*109% 111
110%
*109
600
521/2
Cork
38
.100
38%
52
*123
—25
common
preferred
38
-
523/4
107% 107%
107% 107%
*122% 126
45 Ve
45%
33/4%
Cream of Wheat Corp
400
52%
38%
♦37
Co
Crane
4,800
4o3/4
31»/2
Highest
Lowest
$ per share
$ per share
Par
110%
31%
'
52
31%
401/4
*108%
?
31%
*30%'
39-0f
*37%
38'
*108 J/4
313/8
sy
40%
*40
40%
112 ♦
39%
112
*108
Year 1945
Bange Since January 1
Lowest
Highest
Shares
$ per share
pershare
STOCK
YORK
EXCHANGE
the Week
Mar. 8
Mar. 7
NEW
Sales for
Friday
Thursday
Mar. 6
share
Range for Previous
STOCKS
PRICES
Wednesday
•
Mar. 5
*30%
109
5
60% Jan
.
:
200
No por
Corning Glass. Works common
3,600
10%
10%
10%
•r
11
20
Copperweld Steel Co—
Conv pref 5%
series—
Cornell-Dubilier Electric Corp
Corn Exch Bank Trust Co.
.
130
2043/4 204%
£ 6%
6%
4
156
'v Dec
105
93% Jan
5
2
Dec
205
53 %. Jan
10
44% Feb
23
$3 prior preferred—.^——No par
3,100
64% .^64%
.
'204
*10%
10%
6
36 y4
107
*106%
.
643/4
64%
-
36%
•
107
204
2047a
10%
6Y4
*106%
65
64%
65 %
204
r
36%
36%
106 Ya
36
-//.
107
*51
110
350
62
»5iy2
110
3,900
62%
24
62.
52%
•44
24%
23%
10%
39
124-
260
61 %
6Ys
;
52
31'A
2,200
56 3/4
23%
$ 10%
10%
112
*108'
112
*108%
19%
*55%
-.S
*55%
-
.6.
'
*37%
80
62 y«
*201
6%
$ per
t per share
19
56%
1
26:
72%
Feb
109%
57% Jan
■
Nov
Jan
106%
100% Jan
.
4
Jun
25
Jan
89-
/44
Jan
100
No par
Cooper-Bessemer Corp—
5,600
53%
103/4
23%
64%
643/4
Mar. 4
Mar. 2
:
24%
53%
62 %
LOW AND
*31 /
23%
23%
*106
Monday
Saturday
39%
•>
62
56
;
700
r#
■■/.■:,:>
24'.."
35%
35 y4-
y •■' ZJ.V.Vy
*108
57
56%
:
8,400
38%
.24 f '
54
v-
*53%
■
37%
54%
23%
,
205
205
208
10%
38%
62
57 Ya
23%
106%
106
20%^. €
57;
7
♦203 %
24
.
•v
54%
*54
54%
*54
19%
-
62%
35 Vn
35 %
*105%
% *54 '
19%
•
23Yn
35»/2
>
'
38 y4
38%
37%
53%
55
,'f 19%
v'c-
*56% ' 57%
6i%
38
53%
57-
19%
'
19%/i 19%
23%
35%
/
25%
54
12,400
19
53%:
25
42%
56%
19%
3
102% Jan
—No par
Continental Can Inc
,..20
$3.75 preferred
No par
Continental Diamond Fibre
—9
Continental Insurance:
10
Continental
Motors
.1
Continental Oil of DeL—
—8;
Continental Steel Corp
No par
200
*56
56% Feb/19.
62
$5.50 preferred
2,500
1,700
39,600
35%
•T-"-
42
15%
35%
pfd.;
Consol RB of Cuba 6%
^Continental Baking Co.
113%
-
99% Jan
178V* Jan
Consumers Pow $4.50 pfd-—No par
^Container Corp of America.
15%
20%
5
16% Feb 26
200
*112%
56%
18
108% Mar
26% Feb 26
3,900
15%
,
10
66% Feb
—3
lb
1,900
109%
20
170
8
25
13%
X15%
56%
:
•42
49
27
Jan
2
/
par
18
Feb
3;
105
98;, Jan
9% Jan
113% Jan
31:
Jan *
Jan
36% Mar
Dec
Dec
106
:
26
42
*107%
15%
25%
42'
41%
111% Jan
30
68%
71% Jan
2
Aug
Jan
Jan
205
27»
-
32% Feb
107%
i
Jan
107% Feb
13
42
•
26
Feb
No par
*307
13%
107
Feb
—No par
42%
13%
107
-V
8
•:
preferred series———No par
Commonwealth Edison Co.
23
Conde Nast Pub Inc—
—No par
Congoleum-Nalrn Inc
-No par
Consolidated Cigar—
JNo par.
Con sol Coppermlnes Corp
S
•
'41% >.
41
13%/
24% Jan
-104
66
Consol Laundries Corp
Natural Gas.
500
15%
19%
55
114%; 115%
;
Consolidated
7,800
113%
55%
.
40%
107
5
Consolidated Vultee Aircraft—t
13,900
45%
.
43%
s
15%
19
.'
114%
114%
114,%A,
;
/•
*112%
55%
V. 25%"
42%
r
—10
100
Credit
preferred
$5 preferred
4.600
29%
29
29%
42:4/
-
15%
20%
:'•:"•••
i
108% Mar
24% Feb 26
Consol Edison of N Y
1,500
17%
46%
113%
57
54%
17%
46%
113%
19%
*52
17%
28%
42
8%
47
17%
*46%
v
28%
*106%
<
57
15%
"•
17%
47%
3
37
1,300
13%
13%
15%
m i?%
13,000
16,700
40%
40%
107
42%
42'
113% 113%
113%
'
34
108
8%
8%.
8%
"
107
40%
■
33%
*114%
113% 114%
100
107%
28 Ye
42%
2,500
41%
33 %
41%
29 %
40
32%
107%
17%
-
'32%
*40%
33%
46%
47%
32%
41
107%
8%
107%
18
46
100
49
*47
•
27,100
33%
33%
33
39%
*105%
33%
107%
8%
8%
33%
*17%
.
33%
48%
1
-
58
20%
15
Jan
140% Dec
31
35% Feb
109
$3.60
4,200
-
Jan
42% Jan
86% Feb
-.57%
Commercial Solvents
—No par
Commonwealth ft Southern—No par
118.900
*40%
91%
1
15
3
X40
Commercial
11,700
20%
4
32
40
30
Feb
56% Jan
4
-100
100
A_
"
126
32%
Dec
Nov
68% Jan
2.50
No par
100
3%
*47
48%
32%
40
8%
5.700
32%
33
15
48
Jan
Columbia Pictures New.
J
33
40%
33%
52%
125%
4
Jan
Jan
1
Columbian Carbon Co. (new) -No par
1,400
126%
3%
4%
29%
114
No par
6% preferred series
5% preferred
;
2,800
20%
20%
20%
-No
.
Class B
150
•
125%
125%
*47
48%5
107% 107%
'
*112%
33
28
13%
:
106
41
124%
..
8
18
25
50
Dec
Jan
.
141
.
X23
Jan
15
49% Feb
Feb
50% Feb
(The).
16
22% Feb 16
5
5 v
6 ;
152% Jan
Columbia Gas A Elec
3,600
118%
*116
llb%
2,7CK)
26%
51%
52
50%
*116
>
38
26
26%
—25%
104
-
38
38
38
118%
104
104%
104%
21%
3% •v!'4
125
39
13Ya
13%
*104
*109%
20%
4%
-
32%
m>' 113% 114
*>/ -39%
40%
114%
114
11%
109%
10
109%
52
51%
i.
21%
3%
124
27%
y
39
11%
109%
109%
♦116
122
20
.
17%
46%
46
28%
27%
T'.39./
;
52%
51
33%
*17%
18
//47/-:
11%
26
108
107%
;
43
25%
8%
33%
•107% 109
1,200
173.300
42%
*42
XI1%
26%
32%
8%
33%
42%
460
32
.32
11%
38
39%
*39
'•
105
49%
32%
33
43%
38
32%
*46%
48%
*32%
•40
42%
105
/ *116
4
32
32%
42%
38
20%
3%.
29%
42%
25%
116
20
29%
106
123% 124%
-
30%
38
'
4
32
*29%
,
51%
x50%
36
*34%
'36
*31%
43
109%
109%
330
*34%
*105
106
-
*116
20%
48%
*109%
1,900
43%
42%
43%
26
.
:
44%
5,200
■
22
31%
34%
31 %
*29
Dec
,205
No par
No par
Collins St Alkman
—No par
6% conv preferred
100
Colo Fuel & Iron Corp new— No par
5% cum conv preferred
20
Colorado & Southern100
4% non-cum 1st preferred—100
4% non-cum 2nd preferred—100
Columbia Br'd Sys Inc cl A
2.50
900
30%
34%
34%
31%
30%
11%
25%
424
32%
21%
42%
37%
3'/#
18%
21%
27:
/105
t
40
.
114%
18%
21%
11%
37%
50%
20%
19
21%
43%
105
120
124
18%
21%
42
27
50
18%
43%
38
•115
18%
.
21%
*29%
109%' 109%
■104%; 104%
*26%
114%
11
*109% 110%
114%
*112%
Jan
:
18% Feb 26
Colgate-Palmolive-Peet
63.50 preferred
2,200
•
49
■
*112%
*112%
114
42'
■
*48
48
15%
—.—No par.
A
Class
710
*1185
"46%
107%
48 '
2
26
Coca-Cola International Corp No par
46%
48
43
41%
38
21%
34 X/'
30
47%
Dec
25 % Jan
—100
Coca-Cola Co
600
64%
107%
109
Oct
64
117% Feb 26
.
Preferred
191
64%
65
*1185
*107%
19%
19
35%
*29%
*28%
11%
11
t
190
64%
45%
,45%
109
47
♦112%
Z;
21%
*34%
?•'
42%
42%
41%
:
-190
—
Cluett Peabody dt Co
2,000
158
•
*1185
47 '
19
21%
30
•29
*54
*155
65
46
46
114%
18%
.
♦188
•
158
59%
Jan
104
Molybdenum
Climax
10,000
■X52V4 "- 53
*155
158
65
*107%
48
47
48%
♦112%
i/;
53'
'
*112% 114
:/
36%
52*
*155
158
*1185
1
46%
109
*107%
109
48%
.
38
'53
150
38% Z-
37%
38%
52iy2-
•
Jan
54
28%Jan.
Bronze Oo (The)——1
preferred—
100
Clev & Pitts BE Co 7% gtd
50
Special gtd 4% stock—
v
59
*57
49
17
7% Mar
,
t%
*100% 103
59
11
67% Jan
48% Feb
Clev Graph
300
v
100%
37%
38%
ISO
70
'■
65
107%
•-
*57
58
♦56%
58
52%'";':52%
65
112% 112%
*106% 107%
100%
186%
112
:
59% Jan
114
No par
dark Equipment.
a O. C. A St. Louie By. CO.
10O
5% preferred—
100
Clev El Ilium 64.50 pfd—.-No par
200
65
3
6
42 : Jan
-100
—8
preferred-
5%%
City Stores
700
62
•192
*106
://
64%
*106%
100%
.
10
1,800
.
•
107%
*155
65
46%
46%
45
*107%
.
112*2
64%
♦100%
37%
•1185
•1185
*112
62
*106%
185
64%
.
112
62
,
185
64
112
111%'
100%
•'••:
158
189
64
112
63
*56%
53%
•155
158
61
205
*106
107%
"
37%
36%
51%
37%
53%
*52%
61
*192
112
loo y8
58
:
58
*56%
61
205
*106%
107%
♦100%
*106% 108%
>100% 103
111%
*61.
64%
"
:.
22
61
61
*192
*106
,
109
21%
205
61
40
-■
112
.
♦106
112%
*61
64%
*192
112
*106
//.Mil./:
112%
*61
60%
61
205
112
•111
City fee * Fuel—
City Investing Co
*106
21
>192
61%
205
*106
,
*107
:
21
tn
■
1,300
32%
*72%-;-'74
♦73
106%
21
*60
*192
C I T Financial Corp
Dec
Jan
X19% Mar
serles.^100
-No par
No .par
No par
4%
Cinn G &E Co pfd
8.100
33%
73
-
Chrysler
15,800
.
32%
53
33%
*107
;
Dec
>Mar
20% Feb
,
23
—3:
—
•
Jun
66
37%
Jan
1974 Jan
56
-
Chile Copper
54 ?.
6
49%
25% Jan
16
37% Jan
•
59
-—No par
—^
Oo
Corp—
IChllds Co
44
51% '! 53
52
106%
;
'21%
?
■
:/
600
51.500
>
*
51%
6'
17
76% Feb
4
•
pf ($2,503 cum div_—No par
Chicago Yellow. CaO
:—No par
Cblckasha Cotton OH
10
300
hK
.
Highest
t per share
$ pet share
43% Jan
Feb 26
25% Mar
Pr
370
•113% 116%
118
33%
"■
9
123% 125%
123%
121%
*113%
;!-6%
*43
44
*113%
34%
74
*43
120
'■■'"■
9%
'<V
;
22
19%
19%
20%
"•*.
9
118
52%
*33%
v;
*19%
*20%
•20% (*22
*113%
.■/' 51%
59%
37
69% Jan
<
Lowest
S per share
$ per share
,
Chicago & Nortbwest'n w 1 -JNo par
5% preferred wl
100
Chicago Pneumat Tool.——No par
63 conv preferred
No par
3.000
14,900
56
*59%
59%
*43
'/ '418%: 120%
118
*53
-56%
59
8
44
W. *43
.1
119%
:
•Per
6,500
40
,74 '. • 74%
26% ; 27
27
*52
19%
13%
8%
73%
20%
?
39%
*39 %
25%
26%
57%
*53
653
V
21%
JUL'
*43
•113%
56%
21%
*20%
13%
13%
27%
26%
39 V*
73%
Range Since January 1
-Lowest. ///•// -,/ Highest
'
'.Shares
t per share
73%
39%
59
20%
M *20%
38 '/4
EXCHANGE
the Week
J
Mar. $
Mar. 7
fper share
Range for Previous
yearT945f/Si:n
J'C-xM
STOCKS
''YmmiiEW VOKR STOCK
.
■
73%
25%
25%
...
66
65%
-
73
;
y j. per share
:
39
73 3%
>53
'
21%
20%
-
56%
r ,,*54
66%
*65 V*
,
v
57%
=■-:
36%
39
72%
31%
31%
31%
/ 31 %
'.i; f per sha re
72%.
......
{t%
Sales for
!
Friday
Thursday
Wednesday
M»r,« V
-
i/k Mar. 5
•
37%
■
73
;
Mar. 4
tper share
share
37 %
I;/ 72
Tuesday
Monday
Saturday
HIGH SALE PRICES
106%
Jan
35%
Dec
112
Nov
/124
Nov
Dev '
Oct
106
52%
Jan
Nov
•?
Nov
111
/87% Jan
'■■•■■r-'-Y
'
38%
38%
38%
24%
25
25% ;
*165
39%
33
41%
41
42%
2,080
Cuba RB 6%
.24%
25
25%
24%
25%
4,300
Cuban-American Sugar.:
*165
:
39%
39%
*103%
38%
49%
*48 y2
/•
40%
21
■75%'.
75%
9%
9%
93%
31
30%
30%
*'■ 137
*127
35%
24
49
21%
75%
'
48%
,20%
*142
'.
10
137
35
24
30Va
*127
35%
24
75%
9%
31%
*127
36
*23%
40
*37
38%
% %
49%
21%
143%
■:
75%
76
75y4
'■';
*74y4
23*1
:
'/ '
9%
9.%
31
30%
*&
600:/
21
49%
'
21%
,
.
t
ioy8
32%
137
1,900'
35,900
vy
6,900 /
;
:
Class
36
2,200
24%
24%
►111
•24%
*111
1121%
54%
25
25
1121/2
V/
54%
54
481/4
47
40
47J/4
•39%
24
39%
-
mi
25
v
55
55%
543/4
55 y4
50%
48%
493/4
393/4
39%
39%
39%
& *32%
34%
33%
42%
43'/4
43
*77
'
32
'
121/4
26%
85
1
32%
*77
V
311/4
55
12%
26%
33%
44
*431/4
44
23%
,13%
12%
24
500
26%
82
33
33
♦77
323/4
•
12%
'
111
111
w: "?
'59%'
66%
v-
*33
34%-/-
43%y.
13
15,900
Deere
ft
300
.13%
-
12,500
'V
85
*77
33 V»
X33%
*77
»
4,400
Devoe
,J
34%
41%
41%
46%
46%
*28
For
28%
footnotes
411/4
*45
see
42
*41%
42
41%
*44%
47%
♦44%
47%
28%
28%
♦27%
28%
41%
41%
•
-27%
48
27%
page
1304.
*44%
~
28 V*
41%
47
•
>y/
28%
-
/;
*44%
28"
900
42
-:
28%
100
1,100
Jan
Feb
15
99%
Dec
Jan
30
293/4 Apr
51
28
Jan
56
9
Mar
Jan
2
Jan
24
5
122%
102
Jan
4
4
43
Jan
29
29
Feb
5% Aug
Nov
Sep
' Dec
Oct
154
75%
r
Oct
Nov
9
125 /
Oct
Oct
37%
Dec
30 Ys
18% Jan
/ Sep
118
25%
-
24% Oct
Apr
59 y4
129 J/2 Jan 30
ft
Raynolds
Apr
Jan
2
A
new
preferred
Diamond T Motor Car Co
30% Jan
42
25
Dec
114
Dec
33
49% Nov
Jan
50% Mar
34% Aug
37% Feb
22
47% May
39% Mar
40% Feb
4
50V2 Jan 29
Feb 26
Aug
Jun
25%
Dec
3
27% Feb
18
75 "
Jan
14
28'
Jan
3
35% Jan 28
3
44% Feb
33
27% Mar
15 Z
4
-
Dec
Jun
Jan
43% Jan
Dec
16%
16
Feb 25
33%
7% Mar
16 % Jan
77
40%
;
57%
40% Jan
,
-
.34% Jan '
12% Feb 26
par
25
2
.28
Sep
'
12.50
No
28
16% Jan
108%
Jan
59% Mar
5
Dec
27% Dec
28% Feb
113
1.
11
20
Match
Dartlr
26
42% Jan
10
Edison
Diamond
6*
Jan
25%
34 yB Feb
•
Feb 19
Mar
37% Jan
-
42
Feb
par
Detroit Hillsdale ft 8 W RB Ck>—100
:
34
82
•33%
45
100
50
Hudson
Delaware Lack A Western
Detroit
24
—20
-No
Deisel-Wemmer-Gllbert
A
23
111
1
Co
Delaware
6,300 1
■; 26%
27
r
3
145%
12'/a Feb
33% Feb 26
_1
100
(The)
Preferred
1,600
-,43%-y
12%
■
r-
42%
2
Jan
Dec
Sep
51% Nov
8
!
76% Feb 15
129% Jan 30
NY———5
Corp
Records Inc
700
26 (
Dec
29
146% Feb
17
7% Jan
No par
Dayton Pow A Lt 4%% pfd
Decca
39%'
34%
/ 56
42
U
Chemical
Davison
3,700
50%
39%
Jan
27
Davega Stores Corp,
40
41
7
73
pfd—-100
Cutler-Hammer Inc
1,300:
'
49%
'
27
*77
V
55%
25%
25y«
39%--
*43 V*
12%
26%
,
50
-*32 3/4
,
26%
y4
49 y4
-*39
34%
12%
"
82
32%
*32%
24%
/
112%
♦111
48%
43%
13
x24%
25
54 %
33%
24%
*23%
112%
39%
43%
26%
*24%
*111
47%
33%
12%
26%
H2y2
/
104
3
/
X150
Aug
•
14
Jan
50% Jan
142
A
Cushman's Sons Inc 7 %
*35%
2
Jan
5
20% Feb 26
Jan 21
No par
No par
No par
,-.—-1
preferred
Curtiss-Wrlght
165
4
48% Feb
Inc—2.50
—
Prior
;
:+ *23%
Drug Stores
$7 preferred——.—.
♦
'
35%
35%.
e%
31
*127
137 "
50
Cunningham
Curtis Pub Co (The)—
17,400
16
Mar
25
35
8
Inc
Press
8
28 Ye Jan 10
99% Jan
preferred—-^—-:--100
Cuneo
46% Jan
160
Jan
'39/'Mar
Packing CO——. .—...,-30
4
100
preferred
*€udiahy
400
*143
49%
20%
*127 '
23%
•37
' 143y
49
143
.
31
35%
104
2,700 V:
26
Feb
22% Feb 26
'
75%;
•
9%
35%
'•
44%'
104
38%
*37
49
51%
137
"
42%
104
*103
38%
143%/
7%
—v
'•
104
142% 142%-
144
75%
,40
104
*48%
21%
21%
*143
40%
103% 104
*37%
38%
\
>04
♦37%
f
'>165-
*165*. £;£&:
40%;r41'w
'
'
'
/
preferred—
39
24%
*165
40
24
21
Jan
67
Jan
25%
75
Sep
Dec
29%
Dec
45%
Nov
4
Aug
40% Jan
48
Nov
34% Jan 14
1672 Jan
35
49% Feb
;
8
-
Dec
Volume 163
Number' 4471
-
THE COMMERCIAL & FINANCIAL CHRONICLE
NEW YORK STOCK RECORD
LOW AND
-:
v
:
v
Saturday
Mar. 8 ^
Monday
-
105%
110%
t per share.
f per share
88*4
89*a
87*4
88*4
110%
*41
*1051a
110*8
*105*4
110*8
53%
28
28
28*4
27
27
91%
92
93
113%
115%
25%
:
26
...
184
^
130
130
115
115
20%
*220
94%
96
160
25
*112"
25
129*4
129%
♦115
129'/«
116*4
*112%
129*4
*32%
33 %
223
30%
common—No
62
31%
33T«
33%
21%
21%114
34%
33%
33%
34%
234
1,200
63
1,500
Eaton
2,500
Edison Bros Stores
60
34
34%
113%
1,800
Inc
Ekco Products Co—.
4%%
—
69%
24%
70
70
24%
.
24%
X70
70
v,
25
25%
-
2,300
Electric
Auto-Lite
25%
26
5,500
Electric
Boat
Electric
Emerson Electric
Emerson Radio &
Kit
Mfg Co
Phonograph
22*4
22*4
27*4
15*4
62
62
69
♦61*4
69*4
108
*57*4
Evans
Mar
> 29*4
Jan
Vacuum
59*4
70%
15*4
61*4
107 Mi
59%
72
108*4
59%
•
59%
59%
35%
36*4
35%
36'w
114*4
•112%
-45*4
**44
17%
44
*14%
*43 *4
43
46
16%
!17
*43%
45
75%
31
156
51
:
Mar. 4
t- per share
tper share
22%
1
59%
13%
221a
2014
*22 Vs
23%
>30
^
14%
■
•
■
23
24'.' i
14%-
59%
59%
?
>
14%
•'
-
-
24
14%
14%
59
•
*
;
r
38
109
17 Ma
12%
-
109
">
/
>
60%
12%
188
138
23
23
11%
•
1214
37%
37%
•>"35 *4
•
145
145
■
2314
33
.33
*175
?■, 177
17*4
■
-
107%-
"
s'
♦106
-
;
>
17%
V
•
0
":
17
Feb
15
95
22% Jan
12%
20%
j
1>600
*22%
{
'
2314
2414'
24%
*72'/^
"
•
59*4
—10
Mar
108
—^100
-
No
var
No par.
com
1214
4' "-:
143
V
*32
33*4
*17514 177
-
'■
-
149
148%
'
110% Jan
39 % j
600
63%
00
/
240
41%
116
50%
18%
50
26
•
.
•
11%
67%
33%
72%
37*4
.10
.
46%
47%
51%
52
51%
52
51^'.
5114/
'
4614
*"
100
\ 2,000
>
63% 0?
4,200
M.*-
23.14) 23%(>4b ' 1.000
12% a 13%
4,700
9.*4 ii 41- co f i
3,000;.'
■
.
:-49%
50%
47%
10*4 Jan
.
*119
124
70%
•119
71*4
129
128 Mi
20
-:20
20*4
34*4
34%
5%
5%
j
5%
:
128*4
•
*128*4
'
18%
18%
18%
19
40
38 *4
*142-
9%
28
23
ei**'
;.•*
f
■
For
27*4
V-4 i
see
130
129%
-,f
20%
35%
35%
#v20%'
;
19
'
.
2734
•>. t
•
50%.
•130
132
71%
129 Ma
129%
50.
..
;
*120%
iv
.
7%
.
>
Jan
60
Feb
124
Jan
^
129
21
>
35%
36
2,900
'
♦20%
44.800
/•
*128%
129%
'
40
*142*4
.
1304.
.18%
4014;.'*%
•40
26
19%
•40.i (
t
>
2«%.r
...
^'
li
: 9
28
%
*
<
-
•
..
.
700
19k
>.40
5%.;v.
19%
.
"A
4ft-.
.
r
/v..>-
9% :■/,
28%
2.700
'
■
26%
—■
'
20
'-• 27.500
.
f-'r
J-'*J42%,»/■/;/:
.^;v
28 4
193'8.
X40v >.',41
-9%% ■
9%'
f x38% tv28%
a
1,800
'.
h
k
Year 1945
1,
t per share
•
Jan
.
19 Ma Jan
28
-
28%
16% Mar
24
26
29% Nov
A 86
Jan
24
^
preferred
58
Dec
Jan,
40%
Nov
58
Jan
80*4
Dec
24 Ma
Dec
t
,12*4 Jan
Apr
109*4
Dec
68*4 Jan
28
Jan
01 Ma
Dec
26
14
Jan
15
8%
Jan
14%
Dec
Jan
28
190
108
5
1043/i
14
Jan
49
;
.
7
160Ms
27% Jan
10
17 Vi
Jan
11% Feb 26
15M4 Jan
8
3
44*4 Feb
6
2
152*4 Jan
8
185*4
Jan
2
Mar
-
Mar
23
33% Jan
7
Jan
139
45
..
Feb
5
26
52
Feb
2,200
general Refractories—-
—100
-10c
No par
•
-
4
6
56% Feb
20
20
Feb
i
;
51
Feb
135'4 Jan
123
Jan
80% Jan
Nov
145*4
Jan
36
Oct
Oct
172
May
153 /
37%
/
Jan
49%
40
Feb
56
43 Va
127
Aug
134
114%
Oct
123
62
125
Aug
Jan
May
Sep
Nov
52% Aug
4
8
14
30
•
Oct
27*4 Mar
8
Feb
49 Ma Feb
•
114%
I
180
8
Dec
Dec
2 38%
1» i' Jan
;
Dec
27%
15
6 V Mar
'
35 Mi Feb
Jan 7 2
32Ma Mar
171
Corp——10j
——
Dec
Nov
23
.
26
182
77'/a
Mar
Dec
Dec
130
Mar
Feb
5
23% Jan
29
10
23
Dec
33% Feb
26
40'4 Jan
14
22%
Jan
36 Mi
Dec
4% Feb
26
7% Jan
15
1%
Jan
7%
Dec
28%
Jan
46Ms
Dec
Xl28
20
Gen Outdoor Adv common—No par
Gen Precision Equip Corp
No par
-
Dec
Dec
Feb
60
26
6 %
14*4
12 Ma Feb
107*4 Feb
.
70% Feb
10e
4en public Utilities Corp
13
ren /Railway Slghal——No pair
Dec
Apr
7*4
Jan
51
101
14%
51 Mi
Jan
4
14
.fcen.Fubltc Service..
Dec-
19Nov
Feb
j
Jan
par
12%
1 10=%
Jan.
r16
18
122
No
iV
■:/,
.Highest
Jan
4 Mi
18
Feb
JenJE^ahy «fe Utilities—
Dec
44
Jan
66%
16% Feb
43
preferred
Oct
Dec
■18%
Apr
28
65% Feb
17% Feb
Corp—^1—No • par
15.700
/
T 53
Mar
Jan
Deo
Jan
5
130
$5
Oct
60
111% Nov
Mar
Jan
Jan
Aug
Jan
6'4
15
Jan
3
—-—100
100
General Motors
/
500
.
:*142.% •/--
*142*4
~9%
,
J'
19% ;
5%
w5'4:-;;.
36%
Foods
preferred
33/« % conv preferred
Dec
Nov
38%, Dec
,
% per share
share
;
8
78
-
per
85
Jan
r;35'Ma' Jan
•
100
——No par
5%
'
73%
63*4
70%
lowest
29% Jan 29
25
12 Mi Jan'
/•;£,. 54 *4
I
26
27
General Mills common—-i-No par
,
Apr
110% Mar
10T»»July
41-v Jan
16% Dec
30 4 Feb
16
6%
2
47Ma
13
15%
7 /
59*4
17
! 25
9
25
28
14
28.
118
28
34
29
35
20*4 Jan - 28
2
•
Feb
75
——
preterred
Dec
Nov
'
X23% Jan V 3
Co
Amer
General
4,700
700
71%
*20% .21
X36%
W
44
130%
72 ^v-V
20*4
51
130%./
44
•
-
*120% 124
36
36
>'•.
•-5*4
--
page
49%
.".-44*4 .•4414
-■
71%
72*4
20%
9%;;^9%;
footnotes
♦119'4
45
131*4
124
-
39 %
914
131
5.%
39%.
*142
124
\:'7l'";
20*4
34*4
34%
*44*4
133
*119
124
'
44*4
*131*4
129
.
44%
133-
70*4
71*4
•
4t 45*4
59*4
34%
42*4 Jan
23*4 Jan
5
16
11% Jan 29
26
(The).:
General Electric Co
25,900
Dec
.
107%
Jan
50
15 Mt Feb
3
8*4 Feb
cum preferred—100
General Cigar Inc—
No par
60
48
Nov
18
.
>400
*175% 177
47%
1
-I
:47ft
730
/
t per-share
—
240
>/
Co
preferred
Dec
32*4
Range for Fvevhms
t)<y*
-
Dec
"42%
53% Mar
105% Apr
Rauge Since January 1.
■'
Highest k
-
Investors-;-—————-!
$4.50 preferred
———100
Gen Amer Transportation
-9
General Baking
8
$8 preferred—
—-No par
General Bronze Corp—
i-9
General Cable Corp
No par
Class ^A—^--No par-
.
177
46%
46%
9%
42% -Jan
<
22
'
46%
Nov
,
Feb 16\;
Jan 18^
Jan 15 •>
Jan 14 v
Feb 6
21*4 Feb
86
Feb
48
Feb
77% Mar
49V2 Jau
28
Feb
35% Jan;
150
Feb
55% Jan
45% Jan
Jan 2
Jan
4
Jan
2
Feb 26
Feb 26
47' Feb 26
34% Jan
4
——1.
Feb
64
o
16% Jan
3
41
Jan 11
19
Gen
6.600
<,)>
15014 150%
32*4
32Ma
32%
177
177
177
vi
1
Dec
63%
Jan
Mar
18*4 Mar
4'
38% Mar
*'
4"
142*4 Feb
27
7:
?022 % Jan
47 *4 Jan
144
Feb
24/
15
27
Jan
3
11% Feb
8
26*4 Feb
26
33% Jan
15
4v' 7 Ma
•-
132
4
2
-
!
1
7
Feb
70
2;
Feb
42
-7Ma
preferred-——
Gamewell
.3,700
■jj-Ao
12*4; 12%
183% 188*4
.
151%
*31%
33
109
•
12% ::fi •
"36 %;
.
*106%
23%
12
;
-
18
■V
190
23*4
3614
17%
•
Dec
20%
28%
-
80% Jan 29.,
109*4 Jan 17
.34'4 Feb 26
.
—,1
No par
.——No w
(Robert)—
Gardner-Denver
6,700
,
45%
90
63%-•
12*4
190
12
'
109*4
12%
<-
j
/
Jan 28
30% Feb
5
19% Jan
9
4
-Ao par
No par
20
Gar Wood Industries Inc1
4Maconv preferred-—^
—50
Gayiord Container Corp—..——9
conv preferred
50
300
1,400
.
-14%
59%
89
"
Nov
30
73
2
15
29
6%
>
S3
45-i
V
•
I
v-
Gabriel Co (The) common
Gair Co Inc
>
80
14%
•
•
17%
63*4
.
2314
36 Mi
,
.
143
,
190
-
2314
91.
t;
Dec
if 92
63*4 Jan 15
3
27% Mar
!
Jua j
86
14
32% Jan
'• July
4%-Nov
20 %
10% Jan 23
61% Jan
.
Par
3,600
"
45*4
n
109
•
si
-Jan 17
Jan 29
93
0
8% Jan
-
6
28
23 Ma Jan
•
-
108' /July
5%Jan 30
<
3
{
Dec
" July
;
8
111% Mar
17% Feb- 26
2.50
Mar
110
Dec
106
2
/ 106% Jan
Dec
37
107 M»
Jan 24
40
3 i'V
Jan
23% Jan
EXCHANGE
"
5914
107
V
63
*188
23%
46
45
81
111
2
$1*4 Man 8
A
NEW YORK STOCK
14,800
♦2014
14%
17*4
109
6214
12%
183
46%
133
27 *4 Dec
1
25 >
'80% Mar 4
94
Feb 21
—5
Shares
9%
-
5914
*89
12%
4614
-
6
.
•
Freeoort Sulphur Co
Fruehfiuf Trailer Co new—
Sales for
13%
■'
;.
80
45
'45%90
83
/17%
63
;
12%
*32*4
4214
••
•
36%
146*4
•
*
..>•'•
i
12
33
177
•
3614
146
33
12%
188
36
♦175
17%
•
•
83
61%
.
■
12
,
188
23
12
"42
-
-107%
^;
61*4
12%
-
42
♦82
-17%
♦107*4
61 Mi
2
37*/a Feb
.85% Feb
4' >
31
Machinery Corp— ——10.
Food
the Week
-
1314
-
•
'
*80*4
5
:
; Foster-Wheeler Corp—18
;
" 4%: prlof preferred——-<—28
26*4 Jaft 9
Francisco Sugar Co^—u-No pafr ' 27 - Jan
2
F'k'n Slmon ft Co Ine Tfr pfd—180 .142
Jan 19
4,400
>'■ 9 M»
*
.
24%
14%
-
-
-
:•
23
-
*72
v
Mar; 8
$ per share
13%
•22*4
«
30
59
■
9% ' ; 9?»
•20%.- 20%
24% ?
^72
>
;
13%
9'%
,23
24*4
:
-
Friday r
4
t per share
.
20%,-
*22
i
60
Mar; 7
13%
s
X20V4
'
80
59*4
■*
13*
9*4
•
14%
42
'
24% *
*72
>
42
87
30% Feb
.
Jan
8
11
Jan
55
3% Jan ; >2
<
Follaosbee 8teel Corp—
—10
5% conv preferrtd
100
Food Fair Stores Inc——1—1:
•
-
2
-
.75 *. Jan
par
r.-?
STOCKS
Thursday
•
-•
$ per share
9-%
•20%
Mar; 6
•,
13%
9*4
20 Ma
*72
'
46% Jan
8
Mar
55% Jan 18
4
105*4 Jan
Natioual 8tores
PRICES
Wednesday
•
.'
1
t per share
"9%
23%
.
1
<
''
' r'
-Tuesday
'ftlar.5.
*
13
22 V.
4
■
Monday
? Mar. t ;.
20%
Mar
26y«Jan28
10
Fibrsneim Hhoe Class A——No par
1,900''"
.
2014
158
25
-
900
38
r)
Florence Stove Co
-
914
172% Mar
3
104% Jan
Florida Power Corp
59
13
3
54*4 Feb
2,200
<■-'*
7
Jan
7
'•>
Flintkote Co (The)
i -* S4 preferred -zl
■
2,300
27%
•9%
5
24
7% Jan
9
4,100
38
13*4.
5
27% Feb
-
26
.
3
5
50
HIGH SALE
80% Feb
Jan
2,900
LOW AND
16% Jan 28
3
Jan
—
Feb 25
114
3
24% Feb 25
-50
4%Yr preferred
First
200
:
Saturday
4
Jan
Feb
"
6,600
45
39% Jan 10
4
104
Cleaner
2
Jan
.24 '
•
r
No par
100
Co
28
110
Feb
-
16
Feb
71
9
11
Mar
2
Feb
32% Feb
5
Feb
61
900
17*4
.
>
140-
46
,
16%
19
199
Jan
Fidel Phen Fire Ins N Y-
4,500
•111*4
44
133
Oct
5
Jan
8
' Firestone Tire ft Rubbbr——-23 4 x66
600
35%
*42*4
133
192*4
9
Jan
106
Fairbanks Morse ft Co.--.—No par
400
45
*45*4-46%
Dec
18
2.
38% Feb
Feb 26
.256
Feb
> 32
Exchange Buffet Corp.
2,900
*107%
24*4 Jan
123% Jan
13
No par
—No par
flrtip
800
71*4
108
.
No par
Products
Feb
17 '4 Jan
Pajardo Sug Co of Pr Rico——20
114*4
Xl6%
145
'-Feb
117
148 Mi Jan
Fsmworth Televis'n ft Rad Corp-1
35 M»
<;■
129
5
1
Erie AT Pitts RR. Co-
.
Eureka
*111*4
23
8
100
Bldg——No
Office
1,900
63
70
108*4
108*4
*136
2
Jan
116 % Feb
5% Feb
5
-
common-
•i1'-:
12%
Feb
132
4
.
28
30% " 30*4
61*4
204
17
113
•
58*4
*107*4
26
Jan
28
25V» Jan
12% Mar
63,000 1 <> Rights
---i
; <
% Feb I3>
'.a^/Feb 16
—w
1,700s / -Federal Light & Traction_——*13::#^22:l^Mari;4V;:V':i20%;Jan:10 /.:,
17•, Jan
10 -?/<;• (6 preferred—i«—--^——Nd par V'iio% Jan' 2,
112% Feb 13
104
Mar
100 ; Federal Mln ft Smelt Co—..
w—2
1 41% Jan
4
54% Feb
7,25% J an
700
Federal-Mogul Corp——l———fl .! 26
Feb 26
32% Jan 10
23% Jan
2.500
Federal Motor Truck
No par
•
14'4 Feb 26
18*4 Jan 14
9% Jan
4,600 1 Federated Dept Stores
No par
50% Feb 26
64% Jan
9
28% Jan
80
4Mi%
conv
preferred———100
106' Jan 21
108 • Feb
7
103
Jan
800
Ferro Enamel Corp————1
.28 *4 Feb 26
34
Feb 16
21% July
in
*107*4
/
Dec
p 19% Jan 21
4
-
Service-
Public
5% pre! series A
1,800
*47'"4; 48*4
'
17%
Dec
34 %
a
67% Jan
;
50
85% preferred
86 preferred—.
2,700
'
111
1714
Jun
-
'
./•; .;42*/4
Oct
33%
30 %
11
..—3
$5 preferred—
*
1,400
42
33% Jan 17
29
50
2,000
*80
Dec
115
28
No par
20.700
•;
167%
Jan
137
preferred
Engineers
lEquitable
•
14%
Jan
Jan
Jan
33
No par
No par
Endicow Johnson Corp—
1,600
?
Dec
31
—No par
v
Storage
Erie RR;
;
; 14*4
110%
Nov
38% Jan
111% Jan
5
Battery
El Paso Natural Gas—.
J—
7*53%
122%
7
Oct
29%
100%
:
.115
28
3
S6 preferred
14,600
-
(The)
$7 preferred
"
800
80
8
108% Jan
—1
Electric Power ft Light
150
1
15
116% Feb
:
Jan
Mar
.
3
Eleo A Mus Ind Am share*—..
21,800
-.24
169% Jan
n
22%
65
2
61% Mar
•
100
...
69%
1
-
v
191'
—.—5
preferred ——
Stop Nut Co.
69%
i
650
24
16
215
100
Elastic
90
*72
6
101 *4 Feb
I
30% Jan
1
new
;
2,300
120
22%
29% Feb
'
21
29%
Jan
98
4
.-
com
prefetred.
13
8,600
20%
4
"
Jan
Jan
114
A
12%
.
300
:
25*4 Jan
.Mar
.
.
181% Feb
4
Manufacturing Co
AVi%
3,600
9%
Dec
19% Feb 26
Itic.
5.600
13
56 "
18
128% Jan
-No par
109
Co—-1^—
Airlines
31%
*112
4
12%
70
-
800
•v "
47
15
25
Eastman Kodak CO—-——-.No' pat
,
6% cum preferred————10U
1,00a
37%
Dec
31
30
1st pfd
Eastern Stainless Steel Corp
109%
31
109%
113%
12%
a-n.crn
: 100
195
62*4
:
31%
*112
13
•
195
110
laftle-Plcher
8.000-'
;
35
228%
62
*
31%
3.000 \
-114%
1,700
>51
Mar
50
'
21%
*34
3,400
*30
Dec
109
108*4 Feb
.
14.50 preferred-
17,700
*143
98
Jan
17% Mar
8
4,800
38
Jau
105
14
24% Mar
Duquesne Light 8*
.115%
*109%
114
12%
21%
62
31%
110
*112
13%
24%
75
38
5
50% Jan
143*4 Feb 26
International.
x
Duplan Corp
No par
Du P de.Nemours (EI) ft Co
20
2*1%. 224 %
194% 194%
195
*109Va
69*4
*26*4
29
109*4 Feb
-
6
Dunhill
$ per share
15 i// 56% Jan
3 /
31
Feb
Jan
90% Jan
par
Jan
Highest
t per share ~
'
26
113% Mar
129*4
*33%
224%
*61%
•
114
13
43%
•
No par
;
116%
115
.
33
195
31%
♦112
115
*223
110
33%
114
*.«?•'
61%
31
110
33%
*112
112%
33
195
61%
30*4
110
*33
224
♦192
62%
*109%
No par
,
Chemical Co
25
103
Lowest
;
18
52*4 Feb
par
5
Mines Ltd
25
Feb
Dresser Industries^———-----50c
3%% conv preferred-———100
114%
*115
No
_
39
54 preferred series A—.—....No par
25*4
*112*4 114%
116%
A
Feb
83
105% Feb
100
■
"
108%,
196
.
Dow
♦11314 115%
24%
-
102%
'224
62%
Dome
S per share
No par
common.;:
Douglas Aircraft—;
25%
129 */8
*115
33
*193;
26%
>
155%. 156%
Highest
% per share
No par
preferred
Cup Co
■*
Lowest
Doehler-Jarvls Corp
26
26% „
-26 ,4 26%
.33%
:*31% ■;;33:::'r"^*32;:''S33%'
184% »' 185
485%
184
187 4
183
Corp-Seagr's Ltd
5%
Dixie
99% 100%
155
114% 114%
114% V
'•••?•
29%
26
96% 100
25*4
5.000
44
Ranre for Previous
I
Year 1945
'
Range Since January 1 /'■
•.
Par
Distil
110%
29%
.
'«■•//,>;;U
/
Shares
''
'
Class
29%
26
155
"
113% 113%
103
*31%
r
183
28%
20%
,103
*105%
■
EXCHANGE ' 'Ik /-'/;■;
>/'- -
53 *4
26
26
the Week
92
■'
STOCKS
./NEW YORK STOCK
'26%'
33*4
130 ;
,116
-182*4
'
28%
*153%
.
114
26%
"
130
■
*112
33*4
183
116
110*-:,
52
Salesfor
'
tper share
"< 91
903«
J
*103*4
53
29*A >^28%
26%
26
25%
25%
26*4
*32%
53
*113% 115%
25%
*111% 113%
26%
32%
„
&
93%. 96 ".
*153% 160
\%
152
25*4
113%
26%
"*31 *4
28*4
♦I13%-115%
26
'110%
94
-
54
•
28%.
.
152
j
$ per share
83
,
Friday
Mar. 6
44;-..;
*53
54%
28%
26%26%
160
.
-
■■■
:
Thursday;
" MarsJ r
41%
;
53%
150%
-
Mar. 6.
-
87%
*105%
42%
,.
*53
PRICES;:;#:,'
Wednesday
Mar. 5
'5 per share
85%
*41
SALE
Tuesday
Mar. 4.
>$ per share
HIGH
v
4 Jan
123
3Ma
21
Feb
Jan
Jan
140
8 74
34
Oct
Dec
Dec
.;
Monday, March 11, 1946
THE COMMERCIAL & FINANCIAL CHRONICLE
NEW YORK
LOW
1 per
:
.'36.
*
36
■:
$ per
share
35%'
120%
K;36%/;-3634
36%
36%
37%
*3734
37%
38%
♦108
111
♦108
29%
105
105
40%
41%
105
105
42%
42%
*103
;
39%
6%
*105%
*105%
61
61
110%
40'/a
57
*54%
74
107
12%
12%
13
9% IK 9'%
9%
33
39%
12%
13%
12%
93*
9%
*110%
75
75
12'%
H'%
11%
9'%
9%
9%
9%
12
:.;i2'%
9%
,
m
,
31
21%
30'A
30'%
30'%
30'%
30%
22%
*28
21'%
22
21%
21%
21%
22
22
33'%
32%
32'%
32%
33%
33%
104,600
.
:
v;.
34%
2,400
22%
32'%
31'%
31%
*30'%
*112
115
♦111 '/a
114
*111
113
♦111
500
31
'31
700
"
114
*111
2,900
2,200
.
115
59%
36
10%
Feb
18
12% Mar
16
Oct
Oct
63%
115
Nov
39
Dec
12% Aug
Jan
30
6% Jan
4
12% Jan
19
434
Jan
7%
Nov
30% Mar
5
34% Feb
16
1834
Jan
33%
Dec
19% Jan
3
27% Feb
8
14'/a
Jan
•21%
29% Feb
26
34% Feb
13
25%
Sep
33%
Dec
Sep
109%
Nov
109
3
Jan
Jan
112
Feb
21
8
Feb
534
18
Jan
105
Dec
14%
Jan
21'%
Dec
54% Feb
26
63% Jan
16
46
Aug
65%
Nov
Feb
27
34% Jan
28
28 %
Jan
39%
Nov
Jan
17
3
4
Feb
5
64
Jan
75
Oct
16
52'A
Jan
86
Dec
30% Feb
26
36
Feb
16
2234
Jan
x35
Dec
108% Jan
14
110
Jan
31
104'A
Jan
108% Mar
Feb
25
52
Jan
2
28 Va
Jan
10% Feb
25
13%
.Jan
25
91% Feb
26
Jan
25
33
1
11%
*11 Va
11%
*93
95'%
96
96
24%
25
24%
25
25
25
*72%
74%
73%
73'%
73'A
73'A
23%
*106'%
25%
2534
*156
22%
22%
*110'%
113%
25'A
43%
1334
1334.
102%
102'%
*102'%
15
13'%
127%
34%
1334
13%
126 y4
3434
'J
108
86%
Y
191
♦186
191
*186
191
;
*84%
15
13%
122%
*
Hecht
108%
160
34
12234
123
85%
*186
2634
2634
*136
123 34W'
*79'A
82
*79%
83
13934
*139%
*2634
27%
25%
83
139 %
26'A
900
•
27
35% Feb
i
28% Feb 26
preferred
100
5%
900
Hewitt
Rubber
No
par
5
Corp
Jan
23
33
Jan
Jun
35% Jan
17
20 %
Jan
43% Nov
15'A
Jan
27T
39
26% Jan
8
117 % Jan
1.7
103'A Aug
Dec
105
Feb
28% Jan
9
Feb
8
152
Feb 26
12'A Jan 4
45% Jan
14
X3Q
16% Jan
16
Feb 19
14% Feb 25
12% Jan
106% Jan
24
17% Feb
4
Jan 17
155
37
102
108
160
Jan
1834
Oct
Apr
Jan
7%
Apr
43%
Dec
14
Nov
Dec
Dec
Dec
16%
6
14
108
Mar
134'%
15"% Jan 28
Feb
5
Feb
5
20%
Jan
11
100'A
Oct
v2
Feb
19
Jan
9
71%
170
Apr
Jan
Nov
Dec
Dec
35
103%
Nov
92%
Aug
189
22%
Jan
Dec
39%
Feb
1
82
Jan
28
130
Feb
138
.Tan
29
72
Feb
146% Jan 21
123
Dec
115%
136% Feb
Feb
131
no
Dec
Mar
108% Feb
jan
Jan
29%
155
Jan
9%
Jan
lau
110%
104'%
38
82
Mar 5
135
Jan
2
25% Feb 26
Dec
Dec
121
Oct
98
140
32%
103%
100
No par
preferred
Hershey Chocolate
$4 conv preferred
,
1434 Mar
5
No par
No par
Hercules Motors—
..'
■
121
100
25 ■;>
100
W)-
non-cum
220
...
139
Dec
25
Co
Hercules Powder
80
83
Glass
27%
139
2534
r
(G
7%
1,100
137
*79%
139
26
139 34-"
138%
'
1
122'%
Jun
61%
-.1
?
preferred
Helme
50
-
34%
*136
82
Jan
100
Co.
3%%
100
191
121%
137
**136
137
-r
Jan
49%
15
Hazel-Atlas
900
'*33'A
33'%'
33'%
12334
' -
'A 136
82
:
v-
10,200
1334
360
34
Jun
58
16
100
Hayes Industries Inc
Hayes Mfg Corp
'
34
124
-
136
84
139'%
13834
26 34
124
136
*79'A
84
•*
125
136
135'%
*33 '/a
32%
32%
33%
126
2,200
34
191
30%
28
—No par
preferred
129
*84
85%
*186
28
78% Jan
24 % Feb .26
108%
109
*84
85%
191
60
Dec
63% Feb
3
No par
34
33%
*108
300
Dec
30% Jan
Hart, Schaffner & Marx
10
Hat Corp of Amer class A
1
'4%% preferred (modified)—100
2,300
:
15.
128%
33'%
108 a-
190
,
13'%
129'%
129
34
*84
85%
13%
13%
129
108
108
108
,108
84% >84%
■
15
33'%
35
103
15
*127
128'%
*101%
1434
103
13%
1334
127,
*34%
14
Dec
12'%
7
pfd„No par
6%
44%
1334
55%
100
26
Refrac
«-«•
44%
14
Oct
57% Feb
22% Jan
22% Mar 6
.111% Feb 26
105% Jan 16
Harbison-Walk
1,900
5'A Mar
82
May
175
71% Jan
10
-
45
103
1434
15'A
'
26
*156
«.
.
108
16134 Mar
6
SB
Co
preferred
conv.
Mar
par
Water
Printing
4%
30
108%
181
14
21
Hamilton Watch Co.
600
43%
103
103
103'%
—
Hall
42
No par
No par
No
Corp
Hackenaack
Jan
Hanna (M A) Co $4.25
23
2534
Oil
700
112%
*107
25%
Sugar common
preferred
300
■
<
*1334
42'%
1334
*1334
23
*110%
108'%
25%
*156
42
42%
14 r
-
*107
108%
*156
.
42%
15
37'%
22%
Gulf
6,800
31
25%
41'A
15
*35%
X31
112'%
26
*1334
>
37'A
30%
*106%
108%
60%
30%
85
300
.
172
1
1
$5 conv preferred
Gulf Mobile & Ohio RR
3,800
37 %
22%
113%
60'A
Guantanamo
3,700
30
No par
100
Grumman Aircraft Corp
170
30%
%
*110'%
23
*2234
*110%
108%
30
60%
11%
37
*35
30%
x60 %
60%
60'A
36
113%
'
100
94%
36
2334
;
5,600
11
Ore
West RR
Co Ine
Greyhound Corp (The)
4'A% preferred
Green
17,800
45'A
94%
603a
*3C%
30%
33%
25%
.
2,300
*109
45%
44'%
11%
59'%
36
*35:
x33 'A
333/a
1C9
43%
74%
24%
*723'a
59%
59%
33
109
4334
313 a
31
113 a
10%
93
24%
42
433a
31%
95'%
103a
93
74
33%
110
*109
111
42'A
43'A
32%
33%
*109
111
xjl
^5734
'
26%
3
43
74%
105'A Mar
Jan
25'%
109
138
Apr
July
107'A May
79
1334
135'/a
July
48
88
128%
*79%
113% Jan
3
53
102 1
6
30
7
15
138
26
16
Mar
25
:
r
Feb
34 % Jan
109
79% Feb
Mar
103%
3234
71% Jan
107
Feb
*156
*124
3
77
*106%
14
*84%
4
65
40'A
♦186
26
1
25%
*108
Feb
58% Jan
Nov
100
r
35'A ':;.35%
K
68
102% Jan
Oct
Jan
40
(H L)
83'A
82
*
31'%
30%
31%
*110%
233a
112%
13%
7%
165'%
Feb
25 %
Green Bay &
30%
127%
Jan
147'A July
16
50
'
:;
3%
8
42% Feb
40
/:
*156
v
29
151% Jan
3
2.300
31
14%
8% Jan
6
Mar
35% Jan
85
KK
•102'%
19
6% Jan
149
85
24%
59%
39%
May
85
*72%
74%
*1334
Oct
57
8434
*90
93
! i ♦106% 108'%
-
39
Jafi
83%
32% "33
74%
25%
Jan
52'%
82
10%
,
25%
5
80%
*109
*30%
H
16
67
333a
*22
Feb
184
80'%
lit
112'%
45
56% Feb
67
.10%
1
Dec
3
4
Mar
*182
3034
•
*65
*35
i
104%
65
31
31
31%
177%/
42%
■
Sep
6
36% Jan
Great Northern Ry 6%
43%
•
Dec
96
49% Feb
105% Jan 25
181
Great Nor Iron
8,800
35
■
105'%
65
3.500
"90
Dec
Mar
X181
18'// 18%
57
79
:
,
Dec
90
13
70
18'%
57%
10%
r
Dec
26 %
181
18'A
563'a
a
*42%
t
Mar
46
13'A Mar
8
Feb
106
9
111
111%
Jun
181
18%
563a
323%
26
Jan
107
*65
18'/a
56'A
70
/•■;
2
Nov
26
70
18%
5734
°1C9
f
Jan
105'A
9
181
18'/a
56%
79
4
15
Jan
34% Mar
4
Jan
Feb
45% Jan
118
Dec
*65
18'A
56%
31%
111
1
Dec
133%
*179
18%
56
*65
22
26
Mar
Mar
178% 178%
70
/
1834
5634
177%
Jan
Jan
99
31
Prop—No par
pfd—No par
Great Western Sugar
No par
Preferred
100
18%
-
38%
—
56%
K*
27 % Aug
46
Jan
54
$5 preferred
3,100
,
28
104
No par
No par
Goodyear Tire & Ruba
No par
$5 convertible preferred—No par
Gotham Hosiery
—No par
Graham-Paige Motors
1
Gran by Consol MS & P
~5
Grand Union Co
No par
Granite City Steel
No par
Grant (W T) Co
5
3%%
preferred
100
(B F)
Goodrich Co
4
;
44% Nov
39% Feb
100
10
Telegraph Co
Gold & Stock
7,900
40
25% Mar
103
1
IGoebel Brewing Co
200
110%
>39 /
3
22 % Jan
Goodall-Sanford Ine
65'%
s.
100
1,500
<
10
40 % Jan
37% Feb
3,700
v
! 130% Jan
6
19
.
6,400
'
106
*110'/a
38'%
100
•
20
65%
110%
38'%
11%
•
9%
6%
-38%
*104
64'%
38'%
>■
150
38 r
74%
106
110%
37%
39'/a
6%
100
3.000
57
*148%
■-«
-
7,900
<
41
6%
63
110
110
39
:•>";
40'%
37%
*104
63
62 %
45
7
110
No par
85 conv preferred..——No par
Gimbel Brothers new
No par
84.50 preferred
No par
Glldden Co (The)
No par
4%% conv preferred
-—50
800
■
Dec
2
108
-~5
preferred
Highest
$ per share
39% Feb
Jan
36% Feb 26
Safety Razor
Gillette
36,200
105
*55
150
X73'%
74
m
•
S per share
14
36% Mar
100
preferred
4 'A%
34%
*103%
57
37%
37%
107
62%
110
39
38%
*149
149
37;
109%
44
104'%
40'A
x6%
6%
6%
149
-
106
Y
61
110%
*110
110%
!.
40
4%%
General Tire & Rubber Co
2,200
*104% 105
44
43%
600
41%
33%
105%
104'%
40%
6%
106
61
105%
*54%
37'%
74'A
Z
73
107
60%
108
37
37'%
71'%
37%
71%
105
7,800
>
Lowest
118% Mar
—1
preferred—No par
General Telephone Corp
20
Gen Time Instrument Corp—No par
Gen Steel Cast $6
111
40%
*109
33%
31%
■
43%
♦ 151
*149
151
♦149
31%
104'%
57
6%
6%
6%
7
♦148% 151
3734
3734
71%
71:%
40%
110
42
40'/a
*54
110
39
*110 :
111
*40
*109
*103
104'%
39
54
54
57
•54
*103%
40
105'A
106
*110
111
38%
*38%
«
$ per share
29
General Shoe Corp
710
•'
Highest
$ per share
Par
1,600
120
.38
38%
'»•-•■
•
Year 1945
Lowest
EXCHANGE
Shares
/ 37
119'%
38%
30%
43
39
39
37
38'%
*109
30%
42
37
39%
110
*105 %
104%
♦103
1C4'A
39%
share
per
Range Since January 1
STOCK
YORK
NEW
Sales for
the Week
--^37
<
38%
*110
*
40%
29%
29%
29%
29%
$
36%
120
36%
-
111
•109
110
36%
118'%
38%
37%
40%
36
119
38%
*108
40
*109
"1105*
36%
38%
111
39%
39%
39%
*
$ per share
120
35%
36
119%
119
119%
Mar. 7
9 per share
share
Range for Previous
STOCKS
Friday
Mar. 8
Thursday
Mar. 6
'•
36
122',i
"120
•
9 per
share
STOCK RECORD
PRICES
Wednesday
Mar. 5
/
Mar. 2
HIGH SALE
Tuesday
Monday
Saturday
AND
94
30
Jan
Nov
Dec
Dec
21'/a Aug
19
37
July
'A':---f
"
34%
<
*34%
29%
34 %
30
^
-
34%
'34%
34%
34%
34%
34%
34%
900
Hlnde & Dauch Paper Co
2934
34%.
*29'%
34%
29'%
;
29%
*29'/a
2934
30%
30'%
3034
3034
600
Hires Co
63
63
63 'A
64
*60
62
60%
62
65
1,500
Holland Furnace
26
24%
24%
25
25
*24%
24%
X24'%
24'%
24%
24%
1.000
30
*28%
29 %
*29
30
28%
28%
*28%'
29% "
29
29
60%.
:
62%
.
53%
54%
5334
54%
53'A
53%
X5234
53'A
52'%
53
22%
2334
24
24
2334
2334
*2334
23%
24
24%
30%
*110
30%
.
58
*56%
110
/
2334
23 3a
2334
24
*50',4
50'%
50
50%
11
11%
11%
*21
1
22
8634
24
:
700
31%
600
Household Finance
110%
150
5734
3134
110
85
83
84
83
2434
•25%
25%
25%
25%
26%
51
5134
51%
51%
2.700
11
11
11%
11%
1134
*20
2034
20%
213*
37%
38
29%
2934
11%
11
20
2034
*20
■
37%
36%
37
3634
2834
28%
29
29%
; 9%
83 a
.
20'%
37%
37%
2934
37%
3734
2834
29%
28'%
37%
2934
9%
9
834
834
834
8%
LOW AND
-
■
Hudson
5%
Tuesday
Mar. 5
Mar. 0
9 per share
$ per share
$ per share
9
&
9
23'A
Jan
Jan 22
65
Mar
8
41%
Jan
63'A
Dec
Nov
Jan
2
Feb 20
Jan 21
Jan
2
Mar 7
27% Jan
3
27
Jan
16
17
Jan
26%
Nov
34
Jan
29
17'/a
Jan
35
Nov
42
Jan
60%
1634
Jan
2
106% Jan
83
Mar
Jan
11
28% Feb
6
56
55% Oct
62
Jan
14
33
Jan
30
25
Aug
111
Jan
25
102
Sep
Feb
2
3
7
93
19% Jan
3
49% Feb 26
25
6634 Jan
Thursday
Friday
$ per share
the Week
$ per share
$ per share
NEW
2
Jan
8'A
10
Jan
23'A
36'%
Jan
25
Jan
17
No par
4
41% Fel)
4
26% Aug
No par
27
Feb 26
34 % Jan
9
14'A
Jan
10'A Jan
30
3%
Jan
Range for
Lowest'
Lowest
Par
Shares
Dec
Jun
Dec
34
May
9% Dec
Previous
Year 1945
Range Since January 1
STOCK
YORK
Dec
Nov
23'% Dec
54
Dec
87'%
1234
2
Highest
«s~w
$ per share
$ per share
EXCHANGE
29%
109'A July
34%
7
3
Nov
1
8'A Jan
8% Jan
Jun
Dec
63
5
19% Jan
33% Jan
1
25'A
25
100
Hupp Motor Car Corp
Sales for
Mar. 8
Mar. 7
•
Jan
32'%
60% Feb
29% Feb
100
Hudson Motor Car
2,700
9,600
33% Nov
15
34% Jan
29%
56%
24%
28%
51
21%
56'A
12% Jan
Manhattan
preferred
Hud Bay Min Si Sm Ltd
11,500
Jan
Jan
Feb 26
32% Jan
STOCKS
Wednesday
Mar. 4
25
non-cum
HIGH SALE PRICES
Monday
Mar. 3
No par
com
Houston Oil of Texas v t c..L
1,100
9
8%
—
Howe Sound Co
3,800
.
com
preferred —;
-100
Houston Light & Power Co—No par
10,900
50'A
No par
12.50
No par
50
3%%
800
83
50%
11%
28'A
Saturday
5734
31%
110%
56%
3134
2534
11%
8%
-
110
5034
•
50'A
•::' -8%
37
r
.
8
Homestake Mining—
2,900
Houdaille-Hershey
$2.25 preferred
110
83%
22 //
*21JA
56'A
31%»
31%
110
112
*84
87%
5634
5634
'
31%
*110
87
,87*%
*85
59
*56'%
/*30%
31%
iio
♦3034
.
112
(Del)
Holly Sugar Corp
3,100
//S 8:':;:; 58%:
'•
200
24%
24
:
63
54%
*53%
v
1
10
Hollander & Sons (A)
*28%
-
.10
(C E) The
,';*24%
.
$ per
share
Highest
$ per
share
I
40%
40%
40 ¥>
33'%
34%
7234
/
73
33%
7234
♦9$
*96
*30
28
17'%
"
28
17%
•130
107
*170
34%
98
33
13 V*
18%
75%
28%
29
29
19%
75%
76
107
133
170
170
115%
114%
115%
^
18%
"77
v
,
-
'
*106%
133
>'
29
113%
19%
19
*1034
*46
1834
19 '/a
19%
1034
*46 4
10%
10%
47
iio
108%
108%
: 1034
•
*108'%
11
v
■2,600
Indianapolis Power & Lt
1.600
Industria Electrica De Mex,
,106%
5,500
106%
1,000
11
'
11%
16%
*200
20
">
48
:
'
201
*46%
48
108%:?:
; 10%; 10% •
16%
16%
88
87
v;
16%
*200
87%
198
198
198%
10%
11%
30%
31
31
98%
98%
*97%
/'■'
10%
37%
*125
40%
112%
31
41
.37%
*
41%
16%
89%
198%
10%
*97
31%
31%
"
38%*
38
136
39%
38
137
37%
41%
138
110%
'
190
•165
175
*142
:,AU5%
25%
24%
25'%
25 %
24%'
39
39%
39%
45 %
25 v/
25
*56
20
/•:
58
*57
*138
24%
:
25%
„
25%
40
*24
*42
43
41
41
41
*153
157
157
157
*154
1304.
■
.
25
41
./v
•
175
xri2%
107%
X106
.■'v. *24
,■40,
*154
%
*142
•
175
24
24%
■:
24
21%
V-V
39%
39%
•24%
24%
40%
*
40 %
*157
41
57%
%
25%
*40%
*157
Jun
25
10
19%
Jan
34 %
Dec
17% Feb 20
22% Jan
18
65% Jan
84% Jan
25
39%
Jan
69
Dec
Min
Paper
800
\
160
175
7%
71,400
f 4,600
v
1,400
300
41
1,200
V
20
140
Dec
Jun
Dec
170
Feb
13
170
Feb
13
166
Feb
174
100.
Feb
20
120% Feb
6
82
Jan
105
11% Mar
6
107% Jan
9% Jan
23
5
Chem
46 % Mar
1
.
9
14
13% Jan
3
Jan
30
195
87
42% Feb
5
Feb
6
136
3
—-—100
4
Silver,
xl06
Mar '8
19% Mar
4
inn
106% Jan
21
par
No par
55% Jan
2
No
_50
.
preferred
741% Mar
2
7
6
r
100% Feb
5
111% Mar
,
8"% Mar
6
11% Feb
39% Mar
Salt
2
Feb
98% Jan
15
-—
20'A Feb
29% Feb 20
95% Jan 30
6
43%
175
Jan
3
Jan
3
199
Mar
33% Jan
148
InternT Telep & Teleg.
Foreign share ctfs
Interstate
Intertype
Dept Stores—
Corp..
Island Creek Coal
*«
nr^f^rred
No
par
par
1
J&n
1334 Nov
Jan
343.4 Dec
17
11
75%- Jan
5'% Jan
28%
129-
Jan
Feb
99
NOV
11%
Dec
39'A
Dec
141
4834
Dec
Dec
48% Jan
2
19%
Jan
Jan
22
84%
Jan
123
9% Mar
24
Dec
122
108% Mar
25 Ye Jan
4
29
Dec
.Mar
116
Dec
25
41% July
57
Dec
60% Jan
49% Jan
30
15
92
Feb
Jan
Apr
175
Dec
151
Nov
Jan
79
115% Jan 28
204
Jan
39
137%
18%
4534
Dec
33
Dec
18% Jan
33%
Dec
17%
—No par
No par
Dec
Jan
2%
.
100
No
10034 Dec
193
178%
8
28
-
;
14%
Dec
6%t Mar
14 % Jan
Mar
Dec
16
3
36% Jan
Oct
12 Va
13% Feb
4
26
109'A
37%
1C4 %
1 5
8% Feb
Dec
Jan
Jan
Nov
14
Mar
Dec
10'A
57
26
215
19'A
Jan
Feb
10% Jan
1
Co
8%
54% Jan
110
190% Jan
No par
100
5% preferred
International
Jan
26
A
International Shoe
2,300
Sep
104'%
-No par
preferred
International
103
11% Jan
Inter Rys of Cent Am——-_-No £ar
;
400
18
14
22% Feb
——100
109% Mar
Jan
144%. Jan
107
2
Preferred' called
conv
7
26
7
Preferred
International
4
Jan
131% Feb
106
10% Jan
preferred—--——-s-*i—.-i00
7,100
46>
&
26'A Feb
17% Jan
Int Nickel of Canada
199%
40%
25%
4%
5%
20%
.
40 %
.
38
32% Jan
International Mining Corp.,
4,500
57%
54%* •*"25;/
25 '/a
24%
.———
International
•'
26,900
109%
.
.
160
113%
107%
45%
*142..'
,
40
24%
■
*169
23%
23
39%
.
,;V
%
92
Jan
No par
*
3oo
16,000
42%
19%
..
45%
199
I.
*108%
24
22%
•
.
v
*168
199%
*142
39%:
45%
*45%
*155.
Jan
18%
28
Jan
No par
100
Int Hydro-Elec Sys class
2,200
143
41%
58
3,000
:
9'%
38%
.
38%
109
/
98%
9
41%
72%
9
16% Jan
Jan
1
4% %
Preferred
7,200
32%
*97%
.
20 %
109
110
:■?
45
r
175
24%
v
i
199%
•
23
:
•
.39%
page
110
31%.
,
98%
'
45
*142
24%
-
::
58
180
113%
106%
21
.
-4,700
11
38%;
% 113
113%
112%
32%
23
37% Jan
International Harvester——No par
91
;:9%v
98
2
2
Int Business Machines new—No par
199
47'%
14
20
Int'erlake Iron
r
Jan
8
400
10%
140
X40%
40%
110%
58
98%
9%
9
92
206
,90%
198
11
85
12% Mar
*
preferred—
IntercontT • Rubber-^
9,100;
•
Dec
6
No par
S A——
Corp
2,000
"
98%
.
16%
Interchemlcal
90
'
Dec
Jan
72% Mar
-.--No par
—
insuransharis Ctfs Inc
300/
i
44
84
31% Mar
Inspiration Cons Copper
700
47%'
16%
*203
90%
198%
31%
'
47%
J.6%
10%
89
,
-
205'/a
198%
87%
•
204
106% ,107%:
*165
see
16%
•20
45%
footnotes
Inland Steel Co.
.
4,700
11%
'20%
199%
For
11%
107%
-58
24%
11%
*11%'
,
110%
58
•
109%
107%
20%
175
25%
^♦108%
112%
♦142
25%
-
47%
111%
.
•165
45%
2.800
v.
109%
19%
110%
58
11
46%
10%
198
137
41
108 %
19%
110%
58
20
*108%
16%
9% r
,37%
112%
107%
110%
19%.
*10%
47%
205% 205%
31
137
*111%
21
*20%
115%
109%
i-n io%
98%
9%
,
139
*135
41%
111%
,11%
87%
*97
98%
,37%
i
87
*31
-V 9
38
140
19%
*10%
10%
210
*196% 198
10%
11
11%
9%
9
xl9%
10%
109
:•
.
88
19%
*46%
♦108 c
201
♦196%
*114
Jan
J:
'
1034
16%
210
114
Jan
19%
Industrial Rayon
.-No par
$4.50 preferred A
No par
Ingersoll-Rand—uNo par
;■■■
8% preferred
100
;
"
10%
.
.
500
*
133
132
.
,
29'%
15
_5
80
j
7
45 % Jan
100
29%
133
43% Feb
26
Dec
Co
RR
18%
106%
21
33% Feb
1000
ctfs series A
Terminal
79
19%
10%
Illinois
18%
114%
.19%
:
RR See
3,900
Dec
38% Jan
100
preferred series A
78
*168
111
Co
RR
19
■
113%
r
Oentral
Leased lines 4%
100
13%
"
115%
114'%
6%
60
33
J-
Illinois
40 '/a
20
100
Idaho Power Co
1,000
97%
13%
*168
*168
73%
97%
13%
*132
,
7,400
*31%
12%
•106%
■;
800
34%
J
13%
18%
:
41%
34%
*31%
r
,
*40%
73
07%
33
133
133
*170
97
-
73
13
28%
107%
*106 %
•
132%'
97
*31
76
73%
t
r
28%
18%
;
*72 %
72%
13%
28
28%
132%
40%
34
*30
18
IIS 106%,
133
40 %
34%.
74
•
••#••: 74%; .75%
75'% .76.
106% 106%
40%
33%
*96'/a
13%
2734
17%
u
40%
34%
*72%
33
13%
40%
34%
98
31'%
13%
•
40%
72%
97
31%
;> 13%
:
40%
34%.
■
Jan
41%
Dec,
19%
30%
Oct
36-
Jan
Aug
46
Dec
145 '
Jan
152
Oct
'
Y
^Volume 163
\
THE COMMERCIAL & FINANCIAL
CHRONICLE
Number 4471
NEW YORK STOCK RECORD
LOW
$ per share
SALE
Thursday
Mar. 6
$ per share
$ per share
PRICES
Wednesday
•A Mar.& „•"<
Mar. 4
Mar. 2
HIGH
Tuesday
Monday
Saturday
AND
$ per
Friday
Mar. 7 i.-
share
$ pet share;
;STOCKS'
NEW YORK STOCK
Sales for
"
Mar. 8
the Week
$ per share
Range for Previous
*
Range Since January 1
%.;■ '■/ ''i*
ma4
Shares
Lowest
•'
$ per share
Par
Year 1945
Highest
•
Lowest
$ per share
>
Highest
$ per share
tper share
19% Nov
:•;.
J
'
20
19'A
*47%
*47%
49%
*110'/a
111
140%
19J/z
19%
19'A
X4 6%
49'A
111
110
19%
*48
48%
111
*110
49%
;
*110
140 »/a
*140
143
•142
145
136
*130
136
135
135
*139
*54
55
*53
55
53
53
*155
116
*115
*130
160
*130
142
116
*115
116
160
160
,- v -.
*130
49'/a
•115
116
•130
*
■&£
600
180
''
43%
•101
129%
129%
26%
44 y*
42%
102
27'/a
44
43%
102
*132
130'/«
130'A
45 y*
44%
102
102
"
102
135
43%
*101
102
•
•130
*132
132
27
27
•
*130
44%. ' "
102
*29 Va
*120
30
29%
29 y2
*29'A
29%
*121
*121
LH
•
27%
;
—
29%
*121
—' '
'
27'A
135
135
135
27'A
-
25%
26
VA
25
*34%
36%
*34
*22'A
22%
21%
22
30%
30%
30%
30'/a
22
23 »A
22%
23
52
52%
51'A
52
*57 '/a
60
25'A
25%
36
25%
29 r8
29%
122 y2
•120%
122%
26 y»
26%
61 -U-A
::u 25
60
61
34%
*34%
35%
36 /;.••■
22
22%
■
v
61
>
,
■
*35%
26
22
30
*59
61
37%
-/
14
5
114
Jan
2
150
Feb
No par
40% Jan
3
53% Feb
2
100% Jan
8
107 % Feb
6
79
Jan
3
160
*30%
31%
31
i -31'A
30%
31
23 Va
23%
23
23%
23 VA
23 % z
52 Va
53
51%
52 y2
52
52%
*35
36%
*34%
37 Mr
*59
61
*59
16%
-
37 M»
*35%
38
*36
38
61
*59
61
*59
61
*59
61
61"
61
16'A
*16
16%
*16
16'A
*16%
16%
16%
16%
87%
87
*35
88'/a
*87'/a
89%
*87%
88 y2
*88
88'/a
88
88%
38 »A
38 %
37%
38 V4
*109 »/a
110%
*109'A
110'A
35%
36%
34%
V
38%
34%
38%
38 ya
38'A
38%
38%
110'A
110'/a
*110 "A
HOMi
•110'A
36'A
36
35'A
35
35%'
15%
*14
15'A
15
14%
*45
46%
45%
46%
45%
45%
46%
48%
48
48%
49
49%
49 »A
49%
49 Va
7%
7%
7%
7'/a
7%
*14
7%
7%
7%
7%
51%
51%
'
•
36%
15'A
200
46%
■1,400
50%
6,700
7%
20,600
7%
7%
f
5,400
49
49
49%
50
51 '/a
54
55
43%
42%
42 %
42 %
42%
*42
43
*42
43%
*42
44
74
*68
74
*67
74
*67
74
*69
73'/a
*70
74
66
66
*63
66
66
66%
*63
65
65
65
66
66%
15
15'A
14%
15
14%
15
14%
14%
14%
14%
14%
15
41%
41
42
42
42%
43
43%
43%
44
44
44
Laclede
.3,900
49
12%
12%
13'A
4%
5
13'A
13
4%
4%
12%
13
12%
53
•„
58%
57%
13
13'A
57 V2
57%
52%
57'A
4%
4%
4%
4%
59'/a
58%
59
59%
52'A
59%
59
59'A
59
59
59
59
53
27'A
,
53
52%
53%
53%
53%
53%
53%
27'A
27 %
27'A
4%
*27'A
27%
27'A
27'A
32'A
32%
32 VA
32'A
32%
32%
32%
32%
33
34'A
62%
63%
62%
63'/a
63%
64'A
63%
64%
64%
64%
*27'A
12%
12 %
13 »A
13'A
13%
13lA
13%
13'A
33
33
*32%
34
34
34
*33»/a
34%
*33%
88
88
*87'/a
88%
88
89
88 Va
89
*R7%
89
89%
201'A
201
12%
71
60%
54'/a
54'/a
71'/a
71%
71'/a
60%
60'/a
61
89
89
88%
89
200
202%
*200
201
54%
*53 !A
54%
73
*71
117%
60 »A
61 >
29%
30'/a
30
30%
61%
31%
37%
37 %
37%
38
?6Va
117
117
117
117
117
13%
117
t
13%
(
:900
90
90%
202 %
"
32/t
Liveer.t
30
f 22'/® Mar
35
Nov
68'/a Jan 14
38% Jan
Sr
700
.
28
Aug
i 39 y* Jan
31
26
4
6% Jan
43 y4 Jan
2
7
4
48% Feb
9
Oct
Nov
50 y«
Oct
Jan
48 y*
Dec
Sep
39 y2
Dec
6
54%
Oct
63%
Dec
79
Feb
73
Feb
16
17'/* Jan
28
6
39% Jan
3
46
Feb
47
Jan
12
17 V4 Jan
3
4% Janr
Jun
Dec
5'A
Dec
60
.
1
62% Feb 26
18
36% Jan
54% Dec
29 * 'Jan
15
20'/a
27'A Nov
16
17y* Jan
35'A
Dec
74% Jan 28
26
11% Jan
17%
2 y» Mar
35% Jan
36% Feb
9
30% Feb
Jan
15
59'/a Jan
20
26% Jan
Dec
16
59'A Mar
56% Feb 27
49 % Feb
Dec
44
6%
28
17 y»
Jan
Feb
60
Oct,
*
Jan
29 Va
5% Jan
7"
3
72
: Jan
12
,
16
49% Jan
7% Dec
4% Apr
31'A
24%
14% Mar
.
■
6
5
Feb
65
(new)--No par
61% Jan
68
Nov
13 y*
Dec
14%. Feb
Jan
7% Jan
Dec
6
37% Jan
3
Jan
Dec
Oct
101% Oct
8
181
Jan
198
No par
47
Jan
'3
60
Feb
7
:V- 32
Mar
50;;
Dec
No par
No par
69
Feb
26
88
Jan
9
47% Jan
84%
Dec
58
Jan
Myers Tobacco—
Jan
33
5
••-•88-i-
—23
•'
26
5
•
21
28
78
24
101
-
202'% Mar
4
33 Va
33
Jan
103 % Jan
3
Feb
88% Mar
194% Jan
.100
Preferred
Lily Tulip Cup Corp
.
17%
Jan
37
9% Jan 24
Jan,14
26
61% Jan
50
35% Nov
x49 'A
59
Jan
37
Dec
Dec
Mar
112 "
/•: 8% Apr
35% July
8
Link Belt Co
500
Nov
40'A
Mar
44
Feb
78
.
100
Jan
41%
Dec
60
Jan
Dec
2
66
27% Feb 26
35
Jan
14
19%
Jan
34% Jan
Lion Oil Refining Co—No par
Lifl"id Carbonic Corp
No n/ir
116ya
Dec
19
96%
Alig
107
-42
Dec
67
Jan
72% May
4
50% Mar
Lima Locomotive Wks
1.900
93 V* Feb
3
1,600
;
8%
18% Jan 29
26
44% Jan
2,800
37
Jan
8
JNo par
Series B——————29
I
1,000
f
61%
31%
36
116%
Dec
38
15
Life Savers Corp hew
380
:
73 y2
61
51
29
Libbey. Owens Ford Glass-—No par
Libby McNeill & Libby.
>_7
1,400
'
56
73
37%
117
;
300
1
202
62
•
19,000
33%
*53'/a
31
Jan
15
ctfs
Lerner Stores Corp
A,900
88%
89
56
Jan:
Jan
of deposits
.50
(The)—i
{Lehn & Fink Prod Corp.
.9
3,200
88
32'A
61%
29%
37%
*116
64%
f
Dec
Jan
18 V*
35'A
110x/a Jan
Lehman Corp
500
35%
22%
48% Feb
—
Dec
Dec
67
6
18 y8 Jan
-
38
Jan
9
3
Co
31'A
Jan
30
—No par
No par
Light
Preferred
Preferred
1,500
:
Gas
18%
6
f
Dec
Mar
Dec
31%
124
58% Feb
Jan
•
30 y* May
3
15% Feb
-
3,100
-
*33
73
28%
>
13'/a
33%
64%
-
27%
33
34% '
88 "
73
v
27%
*
.
3,000
29
Nov
139
4
,33% Jan / 7
14% Mar ' 7
-10
-1
Lee Rubber & Tire
19,500
>
;
200
200
37%
29%
38%
116
54
*69%
60%
38
88%
201
53
71
*29'A
89%
*88
201
55
*53%
27%
:
9
16
/ 34% Jan
28
Jan
107% Feb
No par
46% Nov
3
29% Feb
Lehigh Coal & Navigation Co—10
Lehigh Portland Cement
29
Lehigh Valley RR-——50
Lehigh Valley Coal——No par
6% conv: preferred
A—5Q
6,600
59%
58
57 Va
51%
4'/a
58%
65
•
■>•22/' Mar :2;
100
.——
(The)
Bryant—
4%%
700
13%
4%
59 VA
4%
58
i
& Co
Lambert Co
Lane
—
58
58'A
52%
13'A
52
(S H)
Kroger Grocery & Bak
7,900
41
Kress
200
*68
Kresge (S S) Co.
Kreege Dept Stores
2,600
*42
Jan
40% Feb
26 ya Feb
Dec
140
105' Dec
-:;Jan
27
Dec
Nov
116;./ Dec
Jan
20
34
25
*86% Feb 26
34% Feb 26
4%.#* preferred—a———
91% Jan
Nov
,
61
19% Jan
34V* Jan 15
60% Feb 26
■
4
10
Jan
Feb
.
145
137%
'Jan
Feb
-
Feb
13
35
48'
Jan
Mar
31% Jan
21% Feb 26
par
Jan
90
117
•57
—
280
25
3
—1
Kinney (G R) Co_..
,
85 prior preferred—.—.—No par
.10
Koppers Co Inc.
2,500
46'/a
50
15%
39
110%
Feb
150
Sep
29
32% Jan
«/
110
•
15 Va
46'A
*14
1,200
.
109
32% Jan
Kimberly-Clark Corp.——No par
100
35
14'/a
46'/a
~.~No
*
15
122'/a Jan
-.5
•
:
115% Feb
Dec
Nov
314V'a May
Jan
y
6
Keystone Steel & Wire Co.. -No par
50'A
*14
*45
48'A
38
110%
37%
*110
35
*36
■
Ken necott Copper
31
118'A Aug
10
Jan
a-1
Keisey Hayes Whl con* cl A— —1
r -7TClass BLa—i-.
—1
6,200
12,300
14
2;
24% Mar
100
Jan
101
16
58% Jan
28% Feb 26
119
2
141% Jan
>
25
25% Jan
par
Kaufmann Dept Stores^
Kayser (Julius) & Co new..
'1,100
53%
.No
City Southern.4%non-cum preferred
200
24
52'/a
126
iASfc*'
Kalamazoo Stove & Purn_
-10
Kan City P & L Df ser B
..N« par
i,800
31 Ms
m > 31 Va
■V ■/ / 23%v
J.00
conv—
Kansas
400
22%
,16%
16%
87
•,/
—
Johnson..
5% pref series B
Joy Mfg
1
20
'
•
&
22%
47
Jan
27%
——100
5,400
37
22'A
Feb
26
Feb
Mar
700
-
62
*35%
'
22
154
Feb
135
'
22
138
34%
109% Aug
Jones & Laughlin Steel
5 %■ pref
series A
600
5,600
27
122%
—I''
24%
•
22'A
60
57%
57%
26%
4
•53
~
r
31
Jan
t
*29%
29%
:
27%
Jan
12%
500
,
27
27
27
52
112
——100
17,900
1
102
3
31
:
4% 2nd preferred ser A—.100
Joliet & Chicago RR stamped__100
10
44%
44
/.
102'A
46'/4 Jan
109% Jan
Johnson
"
43%
*100 y2
24% Jan 17
No par
3%% preferred
300
115
160
18% Feb 26
-——1
4% % preferred..————100
Johns Manville Corp—
No par
100
54%
:
Jacobs (F L) Co—
Jewel Tea Co Inc
800
V
135
53 V2
115
"
160 /
:
50%
112%
-
4,200
$ 142% 142%
.
■•"'
54%/>
■":
*130
'
*111
•
135:
19%
50%
142%
*53%
;i.
116
19'%'
111
*130
160
i
>.'•19%'
142
■■/
54%
*115
*130
19
111
135'/a
53'A
.
49%
111
142
*130
*:t
19%
19'A
43
Va Jan
29
29'A
Jan
4 40
Nov
19%
Jan
4 42'A
Dec
•
13
;
,
36%
Dec
118% Feb 21
VhVo Preferred
——100
116" Feb 26
Corp——.—I
35% Feb 26
45 J/4 Jan
33'/» Jan
3
39% Feb
4
3
72
Feb
2
'
37%
38
37
37%
38
38%
37%
38
38
34%
35%
34%
35 Va
35%
36%
36'A
36%
69
68
68'/a
68
36'/a
68%
35%
68%
68
68%
68%
69
69%
2,800
27
27%
26%
26%
26'A
26%
26'A
26'/a
26%
26%
27
27
1,100
79
79
76%
77'/a
78
79
77'A
71 VA
78%
78%
79%
79%
900
26'A
26%
26'A
26'A
26%
26%
27
27 'A
27
28%
29
29%
7.300
187'/a
186
187'/a
186
188'/a
*186
*29
31%
*29
63'A
29
62%
23%
23%
23'A
LOW
Mar. 2
?<"
$ per
46 Va
47%
112
34%
47'A
*110
34
34
25%
25%
25%
*410
*20%
22%
22
*20%
*37
23'/a
24'A
$ per share
*38
*38%
39'/a
6%
69%
70
71
72
3,900
47
47 Va
1,700
110
*110
35'A
111
*33%
26%
27
530
*110
35%
28%
*400
111
34%
13%
13%
13%
13 '/a
*20%
20%
*20%
22
207A
20%
38%
*37'/a
39
38%
38%
6%
6%
6%
6%
6%
9%
9%
9%
9%
9%
9%
9%
9%
9%
9%
17%
17»/a
14%
*6%
17V2
17%
40'A
40%
40'A
24
23%
43
42
116
*112
41%
23%
17'A
17%
42%
*111'/a
24%
17%
43'A
42%
*112
116
41%
42%
23%
41
22
40
%
16,200
.;i8»A
6,100
J 41
41%
24'/a
23%
24%
56
55%'
56%
55%
56
55%
56
56 Ma
56 Va
35
36
37
35%
36
*35%
36%
36%
-37%
29'A
29%
29%
29 Mi
29%
29%
X29%
30%
-3,300
: io
52
51%
*110%
114
*110%
13%
14
13%
*47 Va
50
*47'/a
52
13'/a
13%
57'/a
35
35%
35%
*113%
114%
*34
47%
26%
35
34 y2
34 Mi
65%
*64%
47%
46%
-
34
108
*106
26%
108 »/a
*116
25 Ma
*106
27 y2
27
,
*20
*24%
25'/a
111%
58 */■
*110%
13%
13%
*24 Me;
"
•116
*24 y2
25'/a
-21 y.
20%
23'/a
*23
20 Mt
107
*105
107
107
104%
104%
46
46
46'/a
46 Vz
23
23%
23
23
*104%
106%
•
108
104%
,
;
,46%
•
23
"
•20%
-
'2,200
*
121 '
*115
59
59
35%
34%
.35%
113%
113%
114 Ma
35
34
66
35
*/i
*64'/2
35%
*106
108'/a
*27
27'A
35%
"30
•
<
104%
•25
,*47
23%
70
*68
7Q
■
46%
~
54
*109
•'
109 Mi
For
,72
footnotes
,54
110
see
•■
54 Me
.
110'A
page
;
"■
•46'A
46%
£46%
54 A
1304.
4
-
70 ;•
•
.
23%
46 y2
104%
\
48
46 //.
f i 54'/-
54%
20%
107
■
2V2%
•
1,400
110 Va
110 Ma
*110
'
200
1,000
94
25%
5%
■17
20
«
200
•
104%
$0%
21
*105
i
105
.>
105
20
s"**1'" "•
v
f
ui
—100
5
par
par
par
par
310
•
50
48%
49 */.'*
1,300"
24
2,700'
Mengel Co
72
X4747
71%
■
110% 110%:
71%
I *47%
■■■''
A
.110%
55
60
v.
5%
conv
(The)——i
1st preferred
.
1
——-1 .[•.
50
-No par
110%
Merch & Mln Trans Co
1,100
-5 *
Metropolitan Edison 3.90% pfd—100 ?■
130
Mesta
Machine Co.
15
Mar
Jun
23
14
Jan
24
Jan
39% Dec
>:
29'% Feb
;
■
6
Feb
62% Jan
Jan
21%
Mar
197
8
440
4 27%
10
28
Jan
15
8%
51% Jan 10
40%
7
50
Jan
4
26: Jan
2
109% Jan 14
33% Mar 1
;3iy* Jan 22
65
Feb 26
41% Jan
106
Jan
2
10
23% Jan
3
Jan
17
116
;
Feb
10
Feb
4
*
107"% Mar
Feb
:.26'/4Jan
31
52
104
8
55
Oct
114
Sep
17
Jan
13 Va
Sep
Jan
109% Jan
2
4 17'/b
Jan
12% Mar
28
Dec
Jan
ii 24 44 Apr-
30% Jan 28
120
16%
Jan
Aug
30% Jan
19% Jan
:
16
Jan
53
Nov
195
4 55% Dec
32%
19% Jan
15
60
38
19% Feb 26
17
Jan
Sep
27% Jan
16
41 % Jan
48
Jan
30
29% Jan
103
11a
62% Feb 14
37%. Jan
Feb 25
104% Jan
104%
6
116% Jan
63% Dec
Mar
34Va July
Jan
Jan
16
Jan
Oct
46% Dec
4 24% Juu
May
53% Dec
109 Va Nov
59
112
42% Dec
111
Jan
111
Mar
Jan
22 V* Aug
176%
6
50% Feb 26
118
Sep
33% Dec
108% Jan 12
13% Feb 26
48
Feb 26
.
Apr
4 9% Mar
34% Jan'30
"28% Feb 26
195
29
109
10
Jan
45
26
7% Dec
IIV2 Dec
18% Jan
15'/a
18'A Jan
1
2
Jan
7% Mar
3%
2
Jan
Oct
32 Va Dec
14
45% Feb
525
15% Nov
4
Feb
l*V- J'i
1,000
49
"
55
9
17
28
Feb
24
Melville Shoe Corp
23%
-?'v54%:'--54I/3-:
—1
Corpi
.——No par
preferred series A.——No par
$5.50 pfd' ser B w w
-No par
23%
Dec
110% Nov
34
Nov
25% Dec
'4:4 7% May
14
Jan
20% Jan
Feb 25
52% Feb 26
i—100
;
Dec
52
6
46
34
•
96
s:
Dec
May
«j2
Feb
11% Feb
'
Mead
■
39
155
Jan
16%
112
20
McQuay-Norria Mfg.:
4<, J. *-■'
3,800
106
;
$ per share
Jan
7
8
.
Jan
Feb
4
37% Feb 20
18
—
47%
.
Highest
Jan
Feb 25
39
Co.,.—r——1
Stores
preferred
147
Jan
44% Jan
109'% Jan
—No par
preferred
McLellan
120 1
28%
22
share
31'A
26 y* Jan
.
9% Feb 26
—No par
McKesson & Robbins Inc
•70
A
110 Me
/
McGraw Elec
;
5
26
Previous. 4,
Year 1945
28% Feb
6% Feb 26
preferred——100
Co
1
Mclntyre Porcupine Mines
3,800
27%
conv.
:
McGraw-Hill Pub Co
300
107%
•116
>
■
55—:; .55
36'/* Feb
^
McCrory Stores Corp
*23%
48 :
23%
72
20%
*104/:
;*/ *70 A
45'A
70
46
'
107
"
;
preferred————-No
Maytag Co———,„, No
93 preferred
No
96 iat cum preferred
No
90
.1,300
48%
*27%
25%
•
65
107%
27%
120 'V
'
,3,300
37%
*64%
48%:
108
Va
'116'
/
104% 10$
'
47
Department Stores
McCalt Corp
-1,400
,35%
37
r
65%
48%
48
20%
20%
Alkali Wks
93.75
50
59'/a
35%
25 Ma
*104
—No par
—1
-No par
preferred
1%
May
5,200
v
*105
20% Mar
1
5
100
.*
—
$ per
liV* Jan-25
12% Feb *23
s.
prior pfd
-No par
—
_
425
—
Corp
Mathieson
Dec
Dec
106%
38
X22% Feb'25
preferred
Elec Co
68
10
2
Nov
31
20
Feb 20
Jan
51
——No par
-5
-
.
111
Dec
190
Lowest
Jan 11
76% Jan 30
20
29% Jan
'
58
34%
120
Master
'
: 14
*48%
50
121
*113
47'A
27'A
120
Bros
Masonite
Ill Ma
•
'
65%
X47 Va
*114
*115
35 Ma
47
26%
-26%
13%
35 Ma
65
*105
120
*24'A
35%
3,400
,
200'
57.
57%
*48'/a
115
34
46%
108
*105
*114
*35%
13%
59
35
114
34
65
47%
*58
36 «/2
114%
14
157
108% Jan 18
"
*110%
50
25'A
*197
56
112
118
.
*64
34%
65
118
60
36
114%
34%
33%
34%
117 Mi
*53
35 Mt
114%
13%
*48 Ma
25
*197
56%
*110%
13%
29 %
197
56
114
50
117
*114
34'/a
55 Ms
*48 y2
117
57%
59
59
53
*110%
50
*115
117
*115
52'A
114
29 V2
197
24%
1
42'% Jan
Oct
74
x32% Nov
Mar
52
$ per share
5
4 37% Dec
66% Oct
32% Dec
13 y* Aug
6
Highest
65'/* Feb 26
44'/* Feb
—
1,200
—
*
30% Jan
3
Feb 27
154% Jan
—100
Martin (Glenn L) Co
1
'Martin-Parry Corp
—.No par
"1,400
34%
29%
72 V* Feb
Range Since January 1
36
—10
100
Marshall Field & Co
8,800
55%
—
166
/Jan
23% Jan
Range for
Maracaibo Oil Exploration
Marine Midland Corp
4y*%
55%
29%
17% Jan
15%
,
32% Jan *17
•
'
34%
•195
3
26
Sugar Co—
Market St Ry 6%
940
43%
116
.
55%
*195
Jan
62% Feb
10
50
Manhattan Shirt
f
1,000
34 %
__
28
Lowest
pfd series A
Mandel
200
300
•
10
43
*112
41%
.
6%
25
*195
30
-No par
Manatl
-5,400
40.
17%'
17%
43'/a
116
X41%
41%
•
195% Jan
'
J
*6'/a
42%
27
Magma Copper——
Mahoning Coal RR Co
10,900
530
20%
116
Jan
Feb
Garden
4Va%
Madison Square
800
28 Ma
*400
®37»/2
42
187/e
No per
100
No par
100
,
34%
28
530
6'/a
*111%
18
STOCK
Macy (R Hi Co Inc
10
31% Jan
—50
Mack Trucks Inc
47
13
Jan
Feb
26
No par
Forbes
&
47
26%
40%
26 'A Feb
186-
preferred
47
37'/a
17%
MacAndrews
300
69 Va
*400
21
31% Jan 28
$ per shvre
68%
13%
87'/a Jan
Shares
39'/a
6%
41%
YORK
46%
27
3
10
69
*33%
f:5Q-:L: Jan
70% Jan
EXCHANGE
*157
37%
116
NEW
Sales for
$ per share
*157
110
25 % Aug
10
Co
Steel Co
Lukens
4,200
Jan
Feb 25
14
29
7 %: preferred^—
Louisville Gas & El A
Louisville & Nashville
,
64
25
No par
-No par
Biscuit
(P)
the Week
6%
17'A
100
Mar. 8
37%
41'/a
Lorillard
1,700
;
Friday
6%
*111'/a
Loose-Wiles
47%
530
13'A
63
—A..No par
Lone Star Cement Corp
Long Bell Lumber A
210
.
Ina—
STOCKS
39
*37%
34%
*435
13'A
Loews
29 7A
62%
23%
Lockheed Aircraft
13,000
189
*29
62%
Mar. 7
*157
112
26%
530
12%
13%
*187%
18,600
36%
x69'A
Thursday
Sper share
37%
40%
PRICES
Mar. C
__
68%
112
34
530
13%
%
46'A
*110
34%
25%
*410
37'A
*157
68%
69'A
69 %
47%
*110
36%
69
SALE
Wednesday
$ per share
*157
__
23%
23%
39
x36'A
-
29%
62'/a
62%
23'A
HIGH
*29
31
62'A
Mar. 5
share
or:%
36 Va
"a
*157
AND
*29
Tuesday
Mar. +
$ per share
187 '/a
29
62'A
Monday
Saturday
188'/a
62%
22%
23%
*186
31
62%
64
22%
188 Ms
39%
.;•>■/,
4
Dec
;■
43
Nov
36
Dec
-V
70 %
Dec
41% Dec
109 lA
Nov
27
Dec
119
Dec
30% Dec
25
Dec
98% Jan
109% Oct
107% Jan
19
94
,Jan
108% Oct
35
108
Mar
5
/
43
Feb
25
51
Jan
16
Jan
47% Dec
23
Feb
26
29
Jan
16
14% Mar
29% Nov
54y#
Jan
87% Nov
70
Feb
26
Jan
16
38
Jan
2
49 V2 Feb
15
.51% Feb 26
60VaJan
9
Jan
17
lea% Jan
11
87
111
33 Va Mar
,
45'/a May
Jan
56
Dec
106% May
111
Jun
37
THE COMMERCIAL- & FINANCIAL CHRONICLE
Mondayj March ll,1946
NEW YORK STOCK RECORD
LOW
-
Saturday
Mar. 4
/•'/'Mar. i
S per share
$ per
15%
15%
14%
15%
15%
32%
31%
32%
32
52
52
52
52
162
162
163
15
32%
52 ¥2
33 ¥■
52 ¥2
163
*160
162
21
::
82%
83 ¥2
21%
55
55 ¥2
56
110
"ICS
112
5534
*107%
110%
*110
*107%
*107%
IIOV2
115
*110
115
*42 ¥2
14%
13%
110 ¥2
•110
43
•125
56 ¥2
*107%
k115
*42
13%
135
*124'
30
*42'/#
44
43
14 %
14%
14 ¥2
15%
15 ¥2
15%
5,000
33
33%
33%
7,300
53 ¥4
53
53
*159
163
*159
163
"81
85
"107%
110 ¥2
•107% IIOV2
"110
115
*110
*125
56
14 ¥2
31V*
31V#
3,800
57
4,300
112
120
14%
42 ¥2
14%
*124
Min
Minn
31%
14%
14%
42 ¥4
41%
44 ¥4
44%
45 ¥4
46
46
47
47%
49 ¥2
51 ¥2
37 ¥2
35%
Monarch
37 ¥2
38
"37 ¥2
35 ¥2
*35
36
133%
135%
•111 ¥4
113
*111 ¥4
*113%
116
113%
113%
*106
1063/4
106
106
*37%
38
35 ¥2
134
*37 ¥2
35%
134
70*4
25%
38
35 ¥2
113
82 ¥a
140
,
*111%
1413%
81
82
25 ¥2
58 ¥2
49
83 ¥4
preferred series C
Montgomery Ward & Co
Aug
26¥4 Dec
42% Mar
58% Oct
115% Dec
114
Mar
112
Dec
Feb
57
6
Mar
Jan
116
8
16
109
May
Oct
110
Feb
4
112
Jan
14
108
Jan
14
112
Jan
14
108% Aug
49¥2 Jan
16
42¥2 Mar
6
11% Jan
119
3
Jan
16% Feb
3
128
29¥2 Feb 13
Feb
38 ¥2 Feb
Feb
Mar
343% Jan
26
8
'm
Mar
1
109 ¥i
Jan
2
22 V4
Jan
17% Jan
24
25
52
Jan
23
16¥a
51% Jan
15
36
2
44% Feb
6
26
Nov
2
43% Jan
29
25¥4
Jan
,36
2
141% Mar
8
79¥a
Jan
117
116
119
113
76
Jan
112
Jan
106
1
1116
-Jan
8
29-
116
: <Feb
26
1
111
Feb
Mar
72 ¥4 Jan
<
83% Feb
3
19
111
Sep
July
106% July
Jan
21
Dec
53 ¥2
Dec
61
Dec
Dec
Mar
54
Dec
3
29% Feb
7
62
Jan
29
(John; & Co
No par
47% Mar
4
56
Jan
15
41
27¥8
Motor Products Corp
34 ¥4 Jan
16
21%
Motor
No par
3
25¥2 Feb 26
29%
28% Feb 26
33% Feb
6
58¥2 Feb
15
20
Feb
16
109¥2 Feb
6
*47¥B
49 ¥2
Morrell
58 ¥4
473/4
473/4
*473/4
50
49
27
27
27 ¥4
27%
26%
283/4
29
28
29%
27 ¥4
28 ¥2
29%
293/4
29%
51 ¥4
Mueller
17%
Mulltns Mfg Co
$7 preferred
>
108
47
47 ¥2
39%
39 ¥«
HI3/*
111%
17%
18 ¥»
pfd
cum
Wheel Corp
.
.34 ¥4
National
28 ¥2
28 ¥2
1734
18
Nash-Kelvinator
Nashville
26
105 ¥« Feb
26
38% Jan
3
39
6
&
16% Mar
51
.
Feb
41 ¥2 Mar
2
114% Jan
Louis
St.
55¥2 Feb
64
Feb
25% Jan
3
Jan
18
39
1
Co
22
*
109 ¥4 Nov
43
Dec
Jan
__
—_
109¥4
—
„
Jan
115
Jun
21 ¥2
Dec
Nov
52
Dec
Jan
66¥2 Nov
Feb
13
Jan
15
48¥4
15
53
-
5
—1
34% Jan
2
1
20% Jan
15
5
National Airlines
Nat Automotive Fibres Inc—
Jan
47% Dec
18% Dec
Jan
9 ¥2
16
Jan
30
32% Oct
15
5 2 ¥2 Jan
50
61
Jan
33% Dec
97¥eMar
1
22
24 %
-
Jan
31%
2
4
.
>.
23¥2 Mar
6
100
Corp
Chatt
Acme
Mar
109% Feb
2
9
4% preferred
Myers tF E) & Bro
34 ¥«
25
16% Feb
No par
No par
1
100
10
50
No par
Munslngwear Inc
Murphy Co (G C) new
43/*% preferred
Murray Corp of America
52 ¥,
Jan
1
class B
63
44
1
Co
Brass
Dec
Dec
Jun
Apr
Jun
Dec
47%
Jan
*56 ¥2
.
113
X
16-
54 ¥4 Jan
$2.50
25 ¥4
58%
34% Dec
29% Jan
22
58 ¥2
25 ¥2
Jan
32% Jan
116
10
26%
25 ¥4
*56 ¥2
16% Jun
49% Jun
52 ¥« Dec
Jan
5Vi
50
2634
*56 ¥2
25 ¥2
13% Dec
124
Dec
37
Dec
Jan
27
111% Mar
Moore-McCormack Lines Inc
$4
*56 ¥2
52 ¥4
Mar
13
No pur
114 ¥4
106%
82%
*61 ¥2
Jan
53
29
No par
No par
114 ¥4
50%
173/8
137
9
Jan
No par
•106¥«
107
9
Feb
26
112
10
$4.50 preferred ser A
Preferred series B
113
14% Nov
36
Dec
63% Dec
160
Mar
75
Oct
93
513/4 Feb 25
2.50
Chemical Co
x
Jan
2
111¥2 Mar
No par
Tool
Mach
Monsanto
106%
106
79%
70%
*34 ¥2
136% 137 ¥2
*111 ¥4 113
*1133/4 115
Jan
25% Aug
26
13
7%
Mohawk
16*
7%
t per share
Jan
x45
preferred series A
Carpet Mills
Mojud Hosiery Co Inc
13%
35
100
20
Mo-Kan-Texas RR
41 ¥4
13%
41%
14%
40%
45
14%
9
No par
14
39 V2
13 ¥2
15
26
Highest
-/k
share
20 ¥4 Feb
No par
10
Corp
16
Jan
62 ¥2 Jan
70
1
Power Impl
$6.50 preferred
Mission
18% Feb
37
Feb
156% Jan 24
No par
Mfg
Moilne
14%
130
31 ¥2
31 ¥4
ii
Minn
3
$ per
50
3
100
100
J 00
Minn-Honeywell Regulator
4% conv pfd series B
4%% preferred series C
4% preferred series D
115
42 ¥2
130
31
23%
563i
43
200
86
23%
56%
*42%
130
*81%
21 ¥2
t per share
31% Feb 26
Steel Products
Midland
20
*110
21%
12%Jan
Miami Copper
Mid-Continent Petroleum
500
112
31%
31
305/a
5
10
No par
8% cum 1st preferred
100
Minneapolis & St Louis Ry—No par
Minn St P & SS M A vtc—No par
15%
32%
S per share
Year 1945
Lowest
Lowest•:J4Highest
■/,,
Shares
*52%
15%
/:///
Range Since January 1
EXCHANGE
Par
53
"110
130
*125
130
$ per share
163
86
21 ¥2
56%
112
110%
"HO
115
42 ¥2
42 ¥2
14 ¥4
14%
22
110 ¥2
peb share
STOCK
FORK
NEW
Sales for
the Week
33
*81
21 ¥1
56%
112V2
"107%
83%
21 ¥2
55%
.
"125
8234
20%
*107%
I
*161
86
21%
>82
\
Mar. 7
$ per share
15%
32%
*51%
/
Friday
'Mar. 8
Thursday
Mar. «
share
Range for Previous
,
'
Wednesday
,' //'Mar. 5
$ per share
STOCKS
SALE PRICES
HIGH
"/ Tuesday
Monday
:
AND
24%
24 ¥2
National
28% Jan
29
283/4
28%
National Battery Co
4
33¥4 Jan
28
32 ¥s
32%
National Biscuit Co
10
34% Jan
15
201 ¥»
28 ¥2
7%
201 ¥4
Aviation
Corp
preferred—
Nat Bond & Share Corp
28 ¥2
31
No par
National Can Corp
Nat Cash Register—
Jan
x34¥2
Dec
8
195
Dec
29
30
Dec
20 V8
201 ¥4 Mar
100
Dec
10
41
No par
y® Nov
Dec
1
32%
National Cylinder G »s Co__
Nat Dairy Products
.1
No par
19%
Dec
38
Nov
National Dept Stores
No par
40%
Dec
Nat Distillers Products
No par
76
Dec
Nat Enam & Stamping
.No par
_1
No par
54 ¥4
Nov
National Container
National Gypsum Co____.
*
$4.50 conv preferred
National Lead Co—
7%
543/4
9%
83%
24 ¥2
34
Nat Mall & St'l Cast Co
55
National Oil Products Co__
10¥#
National Power & Lt
10 y«
x83 ¥4
24 ¥2
33 ¥4
24 ¥2
34
10
*82 %
National
Linen
Service Corp
31
30%
30%
20%
19%
20 ¥4
31
30%
30%
National Supply (The)
$2 conv preferred—
LOW
Monday
S per
•293/4
share
30 //
•53
,54
*106
107
*34%
35%
109
$ per
13%
S per
35%
National
17%
Nat
13%
Friday
Sales for
Mar. 7
Mar. 8
the Week
$ per share
$ per share
'35%
♦108%
111
*109
111%
*110 ¥2
112 ¥2
423/0
Aiy».
31%
30 ¥4
42%
30%
27%
28
106
28
28 ¥•
•55%
35 ¥2
35 ¥2
•110
42%
*54 ¥2
56
107
34%
109
31
30%
29%
*54%
*106
*110%
/ 30 ¥2
T
109
111
113/
/ 44% " 44.%
31 ¥4
:
37
44%
45
253/a
*46¥«
49 ¥2
276/
32 ¥b
31%
-/ 14%
112%
*56
*18
*110
lllVa
►
•;' 57%
18%
111%
...
21 < /. k.21 % ;//// 20 %"'/ 21%/// k
21%
28%
29 ¥«
*27%
33%
29%
33% /
♦173Va 178
30
*94
63
28%
*112%
1153i
118%
-29.-29
r
i22% , 33%
*173%
174¥a
*31
31%'
<98
*94
98
83
83
Por footnotes
see
*112%
<-/:/'16-:
118%
30
■
;
16 ;-•■/■/. 15%--i!.''15%
118
118
28%
..
26
13
Mar
No par
48 ¥2
53
New York
No par
—100
pfd-100
10
17%
;•
:6%
3
64
108
33%
14 ¥2
*124%
40¥2
109%
111%
49'%
36%
Jan
4
Jan
10
48 ¥2
33 Vb
7,100
80
30
*112%
30 ¥2
170
3301
17 ¥2
17%
17 ¥2
*56 ¥4
5734
1.30O
•
85
t
4/
•27%
32%
*173 ¥2
31 ¥2
k
RR CO—
Airlines
Preferred
Ohio Edison
3.300
;
33%
176
98
5,200
/
31%
100
90
;
200
10
5,200
Co
4%%
-
;
■
13¥4Jan
-
■
-3
ill, . Jan
3
"28% Feb 25
112% Jan 28'
45 . Feb
7.
53
Jan
282/. Mar
* 125% Feb
35% Jan
16% Feb
'
-
.
13 ¥4 Jan
7
"
Feb 26
-
57% Jan
9
•
19% Jan
9
112 / Jan
19
9
15
14
18
11
111% Jan
15
19% Feb
-
26
--——8
8,%. cony, preferred:A————00
10
Oppenheim Colling
/Otis Elevator
r"
6% preferred
-No par
100
Outboard Marine dt Mfg—
—2.50
;
Outlet Co»
iNo
Co
par
12.50
27% Feb
112¥2 Mar
15% Feb
115
Jan
26
7
26
2
23
34% Jan
xll9% Jan
17¥b Jan
120
Feb
32% Jatt 10
39% Feb
2
27% Feb 26
32 ¥4 Feb
25;
166
Jan
Jan
2
'
2
'28*
91.
/75
Jan
7
176
34-
-
100
30
Jan
Jan
.
89.
Jan
41
Mar
162
Mar
102% Sep
14% Aug
37 ¥2
219
Mar 7
Jan 25
,
Jan
Jan
;
19% Jan
9 ¥2. Jan
105y4
.
Jan
.17%
Jan
110
" July
26% Mar
.
46
.
6%
50
.
:
Apr
Jan
107 ¥2
50 3/4
258%
126%
31%
15%
112
.38¥2
116 ¥2
63 ¥2
57
15
Oct
Nov
Nov
Dec
Dec
Dec
Dec
Mar
Dec
Nov
Dec
.
•
57% Nov
Mar
12% Jan
Jan
-
213/4 Dec
112
Oct
16¥b Aug
233k
Dec
24Va
34%
Dec
106%
11 ¥a
107
Jan
Jan
/Nov
18 ¥2
Dec
xll8%
Dec
13 ¥2
Jan
23%
Jan
155
119
Jan
Jan
Jan
22 ¥e
Jan
18
74
Jan
Jaa 30
58
Jan
Feb
-
Aug
118
Oct
Dec
Jun
Jun
39% Nov
29 - Nov
65
Nov
410
Oct
HO
Dec
24¥e Mar
Jan
17
16
Feb 26
pfdL——100
28%
29
18/
Jan
103 ¥2. Jan
19
7
55¥4 Jan 3
18% Jan 30
Jan
32
36
114'
-
7
58¥2
35%
75¥4
148
Mar
45
21%
25
Jan 11
Jan
3
56% Jan 11
Jan
xl6¥« Aug
113% Feb 21
.
Feb
-Ne par
4.40%
-
Glass
3
Jan
Aug
18%
Jan
Feb
Jan
Jan
Feb
56
2.50
No par
convertible preferred—100
ryw»,ns-Tllli)oif
Jan
Jan 11
29 ¥» Feb 26
Oct
32
17
No par /
50 .
Omnibus Corp (The)
v
246
121
•
<
Feb
Dec
35
105 ¥2
29
16
15
17
19
IIIV4 Feb 20
28% Feb 18
134
37¥4
28
62 i
325
•
•
106
6
49
Oliver Corp.
150
4,200
60i
45% Feb 25
..
-50
Norwich Ph^fmacal Oo—
Ohio Oil Co
29
120
Feb 20
35 ¥a Jan 21
28% Dec
61 ¥2 Dec
108% Mar.
37
Dec
109
Nov
U0
Nov
47¥a Dec
38 ¥2 Dec
27% Dec
Jan
30
103
Jan
Highest
$ per share
share
153/4 Mar
14
Jan 29
Jan 17
Jan
8
Jan 30
Feb
8
Jan- 9
Jan
—50.
;
m
59
,
—1
Norwalk Tire & Rubber—.
100
:
-M
..No par
•
'24 ¥2 Feb 2757
Jan
7
325
Feb 19
.
preferred——No par
Northwestern,Telegraph
50,000
117% 117%
*95
Northwest
22%
16 ¥«
' 98
-
1,100
29 ¥4
•
■
Northern Pacific Ry————100 '
Northern States Pow $5 pfd-No par
,
18 Va
par
Northern Central Ry Cc_—
,,
13,400 /
113
par
$ per
69% Jan 18
35% Jan 16
Feb 26
46
-100
—No
North American Aviation..
1.900.
r.
non-cum
Year 1945
Lowest
share
29% Feb
4
Feb 26
27 ¥2 Feb 26
* Adjust 4% non-cum pfd——IOO
North American Co—
.——10
:
18.000
14¥8
113 ¥2
,
53 ¥4
113%
/
$5
Dock.
Feb 26
29
Noblitt-Sparks Industries———8
"Norfolk. & Western Ry—
.100
.110
14 ¥2
30 ¥4
113%
1,340
125
113 ¥2
,
14%
115
-
33 ¥4
281
48 ¥2
15%
85
•
100
281
:
125
52 34
28%
2
32% Jan 30
110*/2Jan 17
40 ¥2 Feb 26
Light 3.90% pfd—100
Xl07¥2 Jan 14
N Y SMpbldg Corp part stk——1 •:
19 ¥4 Jan
2
48%
•112%
*94
/
48
282
1
—No par
.—100
preferred series A—
York
per
5
32
No par
—,
$
4
N Y Power &
4,500
.
.
City Omnibus Corp——No
N Y & Harlem
—
140
27
48%
29¥,
33¥a
1304.
,
111
112%
113%
174%
31%
New
.
320
.
Central
111%
21%
29.V
*30
18%
♦110
;16 i
N Y
100
57%
*56
;
Feb
2
7
11
Highest
108
•
N Y Chic & St. Louis Co—
61%
"
29%
'
15
8
26% Jan
106% Feb
24% Jan
32 ¥2
/
113%
29% Mar
20¥4 Feb
53 ¥2 Mar
.—1
serial preferred—100
conv
54
*113
53
106 ¥4 Mar
^
$ per share
New York Air Brake
280
/
14¥a
473/
-
22
33¥4
<
'■
83%
page
111%
'174%
-
32%
115
241
Range Since January 1
Newport News Ship & Dry Dock—1
?124¥»
29%
117% 117%
*28
1
*112%
.
18%
114
19
16% Feb
7,600
*46 ¥2
46%
125
29%
/
113'
,/ 47 y«- 48%
<4 ,// 52.%'/':'52%'
•'
17% • 17%-
58
124 ¥•
*112%
29%. 29%
47%
15%
*
31%
114%
114
46%
;27T;. 281
124 ¥b
'•
14¥»-- 14 ¥3
; *112%/115
14%
28¥8
:
278
124 ¥a
31%
111%
26 ¥1 Jan
29 ¥2
26%
tk<"53/'::"
16%/17
*110.
101 % Jan.
28%
*55
,'"*52
»
29
29%
800
•112% 115
'< 29%
29%
18%
Jan
Newport Industries
111
*56%
32
4,600
*250
463/4
3
33 ¥4
111%
•113 ¥»
18
29% Jan
32%
613/4
324
30¥«
14 Vs
Jan
Lowest
Newmont Mining Corp—
1,000
•/;
2
25
Range for Previous
2,700
.
800
•
15
91 ¥2 Feb
34 ¥2 Jan'
4
2
STOCK
Newberry Co (J J) New
3%% preferred
New Jersey Pr & Lt Co 4%
44,700
48
24
25
1,100
125;.•••>
12¥4 Jan
26
29 ¥2
276
18
19% Mar
33 ¥4
*110
*46
4%%
—
36%
276
Dec
Nov
11
29% Feb
33
*250
*124
199 ¥2
167
_1
Neisner Bros Inc
130
113
,
25%
Sep
Sep
Jan
68
80% Feb
No pat
YORK
Dec
177
10
Co
37%
152
100
Fibre
Jun
108
Jan
24
Dec
26%
<13
Jan
xl01% Aug
8
40
—
Jan
19
10
Nehi Corp
1,000
109
*109 ¥2
*25 .27 ¥2
*55
25
No par
28
29
.26
Feb
41% Feb
3
9% Feb 25
Par
10
123
:
13
EXCHANGE
300
48 ¥2
*36
NEW
2,100
55 ¥2
106
28%
121
Jan
26
Shares
56
48 ¥2
28
Mar
170
Jan
STOCKS
Thursday
'
203
8
Jan
22 ¥2 Feb
30% Jan
Pa
Natomas Co—i
$ per share
share
12
165
51% Feb
Co.—
Tea
Vulcanized
195 ¥2 Jan
1
preferred
29%
Mar. 6 '
Wednesday
53%
•106 /107
4% %
105 ¥1
,
SALE PRICES
*
29%
53%
13%
.Mar. 5
<-■
share
29%
17¥«
AND HIGH
••// Tuesday
Mar. 4
29 ¥2
17%
13 ¥2
?
105 ¥4
29%
17
Saturday
105 ¥4
27%
Jan
37
29
108¥2 Jan24
38
4
National Sugar Ret Co.
20
105 ¥4
30
3
7
3
—No par
31
*30%
Mar
No par
National Steel Corp_
'83
24 Ve Jan
32% Jan
100
100
*53 ¥2
24 ¥2
33%
54%
•
105
67% Jan
2
10
preferred A—;
preferred B
6%
Jan
48
THE COMMERCIAL 8c FINANCIAL CHRONICLE
Volume 163 ; l Number:4471
1301
NEW YORK STOCK RECORD
LOW AND
Mar. 2
»
Monday
Tuesday
Mar. 4
Satard>7
Mar. A
p
$ per
Sper share
Sper share
SALE PRICES
HIGH
STOCKS
Wednesday
Thursday
:'t. Mar.8 I;
.
S per
share
Friday
fUv'Mat* ? ztjy
:.v
Sales for
the Week
.
I per share
$ per share
share
Mar. 8
NEW YORK
IS
/fU,
Range for Prerioas
STOCK
EXCHANGE
.
>■4 Range
/'/
:V
Shares
Par
Since January 3
Lowest
Year 1945
;Highest
S per share
/
Lowest
■
Highest
$ per share
1 $ per share
$ per share
%■■■
?"l6%- M7/i:v
*16%
17%
23%
23 y2
*93 Or
•22%
23 y2
85
*80
84
sits
17% ''h
*16%
23
.
23%
04" f.
*80
:.
22
*16% S1YS
17
22%
22%
81 %
*77-
:>
44%
*57
,
*74
43%
43%
44% S
42%
43%
58%
43%
43 %
43 y.
43% i-
43 Va
43%
42%
57
57
56%
57
56%
57
57 m
76
43%
•43%
74
75
76
80S
80
143
143
178%
178%
•44%
•
»805
142
79
142% 142%
142%
142%
179 %
178%
178%
179
44
:tt?
58 ;
80
80%
1.700
S:
145 *
*145
140
178 /
178
*178
11
11%
10%
10%
10%
li
10%
10%
10%
11
"5
22
21%
21%
21%
22%
21%
22
21%
22
:
18
*17%
9%
9
26
I.110
8%
26
26
9%
■/
■
■
1,110
S
25%
;
:■
170
90
/S 9 S
26
;
•
180
21%
9V«
1.3.200
143
25
25%
43%
58 Va
179%
9
9
.
43%
142
*177%
25
25%
;
\;
43%
30
■
9%
9%
,
340
m
58%
•
25%
9%
*25
•
43%
143%
i
>-
.■OV)
17
22%
•'»8
-
v:";-
22% 7
16%
-
22%
•
82
*77%
■.,42%: 143%
■
v
7,200
0
718
Pacific Coast Co
-——>10 ; t 16%
1st preferred non-cum-—No par p ;
77
2nd preferred "non-cum—No par v/.-. 34%
Pacific Gas & Electric
-.,.25 ;
40%
Pacific Lighting Corp
No par56y4
Pacific Mills
No par 71
Pacific Telep & Teieg—
100
142 •
6% preferred—.
100
; 171
Pacific Tin Consol'd Corp
1
i
8%
Pacific Western Oil Corp
10 S 24%
Packard Motor Car——,.No pav
10%
Pacific Amer Fisheries Inc
25%
1.200
10%
10%
51.700
v
21%
22%
34,900
;Fan American Airways Corp——2%
'I-'s
?>
18
-
Z: 46 %
*110%
46 S
46%
17%
*110%
*110%. 113
113
18%
*17%
47%
47%
47%
*110%
113
,v
18%
46%
47%
46%
,
*17%
18
*17%
46 V*
,
113
113
*110%
*75
10% / 10%
11
76%
*110
70%
10%
'I 66 S
66%
65
Z
11'/a
77%
77%
77%
*110
*110
66%
65 "
11
77
76%
11%
67%
67
65 %
65
ii y8
11
*75 5:1
*110
68%
*67%
65%
65%
s
:
I" 36 Z
30%
36%
5%
6
35%
6%
36
*30 %
31
36%
14%
14%
14%
22%
23%
22%
6%
36%
35%
36%
31V2
29%
30
*3Q5A
14%
23%
14%
23
31%
14%
*73%
S'
6 ye
5%
6
23%
14%
22%
5%
■-
.'
Z 70 p
71
7; 66%;
67%
1.900
31
38 Vs
3.500
*30%
31
v
200
■;
75
53%
53%
39%
39
39
14%
14%
73%
73
*71%
52%
53%
39%
39%
73
73
x53
53 Va
'
15
14%
14%
*14%
25%
23 y4
24%
24 Ye
24%
30
30
30
30
14%
♦113
—
23%
23%
23'/a
23 Va
43'A
42
43%
23%
30
43%
39%
4.100
39%
3.000
14%
24
*28%
14%
14%
24%
25%
26
30
*14%
24
*28%
'
*113
23%
42%
600
29%
29%
*113
500
'
400
*113
23%
23%
22
23%
22%
23
5.000
43%
43%
44
43%
44
17.600
40
40%
*45
47%
96
96
96 y2
38
*36
38 >/2
*36
37
*37
34%
35
35%
34%
35'/a
x34%
35%
34%
35
27%
27%
27%
27 %
27 y«
25%
26%
26 »/2
27'A
4.800
122
122%
*124%
124%
1.900
*96
97%
40%
40%
*44%
47%
95%
*36
34%
34%.
35%
26%
26%
*26%
40%
42
42
40%
*46
47%
46
96%
42
47%
96%
96%
97
*36
39
No
Parker Rust Proof Co
41%
*46%
42
49
*46
42
1.300
49 Ya
102
103
*37
200
103.
40
98%
40
2.000
110
*108
110
10%
11
11
11
10%
11
11
11 Va
1.900
14%
14%
14
14
14'/a
14%
14
14%
14
14 y.
14%
14%
a 800
Pfeiffer Brewing Co
37%
38%
37%
38%
38
38%
38'A
38%
38%
38%
39
39%
5,200
38%
39
37 Va
38
38%
38%
38
38%
33
38%
38%
39%
14.900
73%
73 lA
73%
73%
73%
73
73%
73%
74%
73 »A
73 %
330
112'A
112 y4
*96
97
*96
97
96%
97
97
*39%
*108%
*39%
41%
110
*40
41%
121%
97
*40
41%
*108
*40%
41%
96
41 Ya
41%
*108
97
110
900
100
41%
110 y2
*109
:
*73
114 «A
*112%
114%
114%
28
28
28
28 Va
28%
28%
28
28%
28%
28%
28%
28%
6.900
28
28
28%
28 y4
28%
28%
28%
28%
28%
28%
28'A
28%
*118
120
113
113
-118
119
119
113
120
*112%
120
120
*119
120
Piizer
15%
15%
15 '/a
15%
15 y8
15%
38
38%
15%
37%
15%
39
38%
37%
38%
37%
37%
45%
46 y8
45%
46%
45%
46%
45%
46 y2
46%
47%
109%
108 %
108
108%
108 y4
108 %
T-t 0 CO
108%
*27
29
*27
29
*27
128
*125
128
*125
128
50%
50%
50%
*30%
33%
*125
109
*109
28%
*28%
53
53%
54
*31%
33
*31%
33%
*125
135
13%
34
*32
33
109
*108
109
108
108
*107%
*125
135
*125
135
135
135
*130
900
29 y«
100
*53%
13
13
13%
13
13
103%
*102
12%
21%
*103
25%
*197
"
__
103%
*101
*197
22%
21%
22%
21%
25 y2
*25
25%
25%
X25%
41%
41%
42%
11%
11%
11%
18%
18%
18%
*120
145
145
*120
83
84
81%
83
83
87%
27%
85
85
86
Hosiery
*26'A
27%
145
*198
*198
22%
22
23
*22
103%
104
18
22
7.200
25%
42%
11%
11%
18%
18%
18%
141
83
83%
*85 >/a
87
*85%
*27%
29
*131
27
*198
22%
22%
22%
29%
*28
*22 Va
22%
X21%
*28%
29
29%
*28%
xll%
22 VB
18 'A
Pitts Screw A Bolt
18%
3.500
84
*85%
86%
*27%
770
28%
20
300
*198
22%
23
Pittston Co.
2.400
—
(The)
29
29
22%
33
32%
33
*32%
33
33
33
1.600
21%
21%
22
21
21%
*21%
22%
22%
22%
2.300
Poor & Co class B
25%
25%
24%
25'A
25%
25%
25%
25%
25%
25%
25%
26
6,700
Pressed Steel Car Co Inc
*58%
59%
58%
59 'A
59%
59%
59%
59%
59%
*63 Ye
3
preferred
65%
66%
3.200
Procter &
35%
36
3,000
25%
25%
25%
26%
25%
26
25%
26y8
25%
26
9.600
pub Serv Corp of
112%
112%
112*%
112%
113
112%
112%
112%
113%
970
124
123
123 J/2
122
123%
122%
134%
122%
135%
122y2
123
910
147%
116
134%
135 Y*
*115
61
20%
20%
20
20%
*io7y2
110%
*108
110V2
146%
146%
146 Vs
116
115'/a
116
*115
135%
136%
360
146% 146%
*115
590
116
30
60%
60%
60%
60 Va
61.
21%
*108
60
20%
21%
21 y8
21%
21%
21%
*107%
110%
*107%
110%
100
35%
35%
35%
1.300
110
110%
35%
35%
35%
110
35%
*35
8.600
16.800
ser
Gamble—'
^
-7%
8%
Pub Ser El & Gas
Mar. 5
21
•20
20%
Friday
pfd $5
tper share
•
.
21
21
21
21
15%
16
*21
33%
Jan
30 Va Dec
lilt
Nov
'
Jan 24 M
Feb; 16
20% Dec
33 Va Aug ;
Jan 30
Feb
8
Jan
25
<
21'
96% Nov
Jan
43% NOV
38% Nov
Jan
y2
Jan
4 i
8
6
Dec
43%
Jun
119% Nov
v
*116%
26
Apr
105% Nov
28
Nov
■,
46 /
Jan
63:
Feb 16
49
Jan
92
7
.
46% Nov
Jan
19 y4
17
Jan
Apr
24% Dec
•v
July
14%
.
Jan 11
Dec
113
37% Mar
30%
169 :
18
Mar
Jun
41%
Dec
108
9% Jan
Mar
13'
Jan
Dec
;
Jan
21% Jan
25
Jan
111
135 'P Mar
62
Feb
106
25
85%
16
:
"' 206
48% Jan
15
Jan
30
14
3
Jan
8%
109
•:
'i -'P '
\
& 15% Dec
117%
21
Oct
69% Jun
Feb
:
91
Jan
Jun
12% Jan
Jun
43% Jun
198
'
Jun
22/
Dec
•
Feb
27% Dec
Jan 294
Jan 10
Feb 18 ;
Fel>
7
17%
Jan
30% Dec
27% Dec
24%
Jan
/ 33% Dec
12% Jan
25%
26%
I. 16% Jan
16
y
63y2 Feb
i
70
Jan
17
39% Feb
Dec
Dec
18;
4
55
126
Jan
138% Jan
150 : : Jan
117%. Feb
•" 69% Jan
3 23% Jan
i 113
Jan
66% Nov
27% Nov
■
38% Feb
115% Dec
Jan
126
110
4 "
Feb
106%
2
18
17
15 1;
15
10 3
29
2
Jan
102%
115% Jan 10 :
.
Mar
17
29y2 Jan 28 3
3
Jan 30
,32% Jan
Jan
44% Dec
12% Dec
Mar
198
30
,
26
59y2Feb 26
19% Feb 26
r
Dec
July
Jan
49% Mar
-
30%
25%
39y4
27Va
4
Feb 9
Feb .7
Jan.; 3
Jan
7
Jan 23
'fc
106
205 y4
68
*A*-.V
Jan '
39% Dec
6% Jan
99
•
Feb
Sep
I 11% Dec
Dec
190
v
28% Jan 28
.
37% Nov
108%
v126
:,(v;
>
34% Jan 18 £
I
Dec
;
59% Dec
Dec
;
;;;35
23% Nov
9iy2 Jan 30
'
124
Dec
25%
22% Feb 16 ;
Feb 27
93 : Feb 18 "
;
Sep
Apr
34%
:
20% Dec
141
^
Dec
^113
15% Jan
8
—i
3 Jan 28 -
a;
v
14:
Feb
.
Nov
74
Jan
8Va Mar
•
25% Jan 28
130
33% Feb 19
23y«
109
120
132
143%
114 »A
19%
44 Ya
Jan
;Jan
105
Sep
118% Aug
6
15% Feb; 8
26% Jan; 8
>:• x21% Mar 4
32y2 Jan 21
20% Mar
122
Mar
44 Vs
11
35y4 Jan 15
110
Feb
7
Feb. 26
18% Jan
29% Nov
29% Nov
Apr
f
Aug
12% Aug ;
31% Mar :
P 56 Va July
28
Dec
71% Dec
115 '' Oct
117
19 y
Dec
40 Va
-
'
106% Jan
Jan It "
41
7
Jan
36%
i Jan
57
;
'
Jan
15% Nov
19 Va Aug
25
36
Jan
127% Jan 29*
; 59
Jan 15
'■
Jan
121% Jan
112% Oct
47% Jan
17
Jan
106
May
*23% Jan:
;
138
Dec
Nov
Xl48% Nov
118
Jan
65% Oct
"v
24% Dec
112% Nov
:
/
35
Nov
Range for Previous
Year 1945
Range Since January 1
NEW YORK STOCK
300
23%Feb
19%Feb 20,
,
Highest
$ per share
$
tper share
15% Jan.
$ per share
$ per share
Quaker State Oil Ref Oorp———10
Lowest
Highest:
Lowest
EXCHANGE
Par
21%
17% Jun
f
Dec
107% Sep
8 v, ■P: 14% Jan
;
Piurlty Bakeries Corp——JNo pat
Shares
tper share
May
49% Dec
19 v
—
>
100
preferred
72
.
109 »A Jan 28
10% Jan
7
14 y2 Jan
3
123
Jan
7
65'A Jan 3
83y2 Jan
a
3 26*/2 Feb 26
Na oar
the Week
Jan
11% Aug
•
3
40
No par
(The)
conv.
21% Jan
203
No par
100
-100
100
No par
Pullman Inc
Sales for
Mar. 8
Mar. 7
fper share
21
*20%
Thursday
Mar. 6
S per share
J per share
Sper share
Dec
24% Mar
28 i
•
5
2
23l/2 Jan
Aia i
No par
Purs Oil
5%
2
9
BVACKS
PRICES
Wednesday
Tuesday
Mar. 4
Mar. 2
N J—
preferred
preferred
LOW AND HIGH SALE
Monday
Saturday
17%
Jan 23
71
102y4 Feb 25
•>.
No par
$5 preferred
6% preferred
•
60%
59%
20%
35
34
35
116
*115
116
60%
135
146%
145% 146%
147
62%
'
134%
135
Dec
Feb: *
49 Vs Feb •
3
Feb 2T'
10% Jan
Public Service Co of Colorado—-20
600
59 "
,-47 ^'Jan'17
•
Feb 26
Feb 26
35%
61JA
20%
30
58
34%
146 «A
Feb
Jan
121% Feb
Feb 27
Jan 10
Feb 25
,
65%
135
30
:21% Jan
42% Feb 18
Feb 26
Feb 27
Feb
7
50
A
65%
135%
Dec
39% Nov
I
1
9
98
26
Feb
35%
112% 113%
122%
Feb
23
34%
121%
4
-
65%
123%
<
1
35'A
112 Va
Feb
41% Jan 10
43
Feb 16 > t
76% Jan 22
:
No par
No par
65%
*58
Feb 27
Jan
5
35% Jan
-
5
Pond Creek Pocahontas
64-
25%
*33%
3.000
34%
25%
147%
23%
63%
*34%
*115
22%
29
35
63%
35
135%
*28%
22%
59'A
65%
64
21% Jan
14 f 122% Mar
Jan 21
Jan
/
7%
Plough Inc
Plymouth Oil Co
33
35
16
111% Feb 27 > 117y2 Jan 18 i
27% Feb *25 I 130% Jan 30 ?
27 y2 Feb 25
31
Jan 30
.1
22
*58
Dec
5%
19Vv Jan 14 ' Z 6% Mari
x!8 •
Oct
24% Jan 29 •
3
118
Feb 27
15 % Mar 4
No par'
21%
.
Dec
73 y4
129% Feb
Feb
July
57 »A
18
16'A Feb
«:
Pittsburgh Steel Co
No par
1% preferred class B—
100
5% preferred class A
100
5%% 1st set conv pr pfd
100
Pittsburgh 8s West Va
100
Pitts Young & Ash pfd
100
141
Glass
34
22%
110
Oct
2V4 Jan
3
10
7,600
84
27
Co
7.500
*125
Plate
20%
22%
Dec
32% Jan
l2y« Feb
Pittsburgh Forgmgs Co—.1
Pitts Ft Wayne & Chic Ry—.—.100
7% preferred.
100
800
33
22%
Dec
27% Mar
34
4
Oct
14%
X80%
Jan
106%
!!
2
108% Feb
69
par
12
84
22%
Co ..No
35
22
Jan
ui
p~,
Pitts
141
*198
22%
s'1
42%
42
86%
■
*28%
22%
35
Dec
*39 %• Nov
Apr
39% Feb
'
36 Va Jan 21
5
*•.
*27%
Dec
20
Jan
4% Mar
4
t
$5 conv preferred
1—...No par
Pitts Consolidation Coal Co..—^.1 ;*
50
21%
25%
11%
1
M ••••-•tmmi mm m» mm■m mm mm mmmm «J» MM
Coke & Chemical
Pitts
1.900
21%
24%
42%
83
28
*26
*198
13 Va
103%
42
*120
86
28
42%
11%
84%
*85 y«
13 Va
*205
11%
17%
20
*197
40%
*120
25%
134
*206 %
11%
18
21%
24%
22
..134
*197
42%
Dec
56
8
7% Jan 29
PUlsbury Milis lnc—25 v30% Feb 26
$4 preferred ————i J7o par . ^JOsy® Jan 12
Pitts C C & St Louis RR
—.100 ;!$ 134
Mar 8
100
80
*197
11%
17%
12
29
106% 8ep
13
14
$6 preferred—par
Phila Electric Co. comiu^s—No par
$l preferenc8 com—i..—No par
Pnoenix
108%
*206%
42
Jan
29%
Feb
87%
42 V\
105 V*
25%
"
7% preferred^.«.w»—«/.100
125
Phillips Petroleum——•JVf par W; 49
7.400
33
*32
*197
—
Dec
■'■■■ i.;:
Corp.*iAi-*.-i—Ui——-i--3
5
100
Phillips Jones Corp^——AwNo par
34
*107%
*206 ya
•»«»
♦206 Va
*206 Va
102%
104
21%
22
25%
13%
13%
33
108%
-
107
Philip Morris & Co Ltd
4%- preferred
-•
128
53
*31%
• 134
13%
104
*103
*32
*31
*32%
Aug
;
Jan
13%
:
>10% Jan
4.4%
31.500
.
38
-
•
Co Inc
&
saya Jan
c
Philco
109%
"125
34
;■
•4,800
"109
53%
*108
32%
109
3
111% Jan
No par-
11.500
15%
38'A
48%
*28%
(Chas)
'
i.'i
AMr
32%
109
70
7
:
c
109% Jan 23
71% Feb 16
^
preferrco
100
Phila 8s Head Coal As Iron——^.1
37%
128
52%
34
15%
*
30
48
29%
*125
128
51%
*31%
51%
34
*31
-CC
28%
30
*125
r-
15%
15%
230
115
119
119
38%
*
10
32%
16% Mar
lo
Feb
:
Phelps-Dodge
Corp
—25
Philadelphia Co 6% preferred
50
2.800
*112
14 »A Jan
83
9
20% Jan
5%
11
121
8
.
14.800
110
121
110% Feb
•
-
10%
120%
Jun
Jan
5'A
18
;
67 "Jari ''4"
75%
51
Feb 25 •
57%
30% Feb 26 "
45%
Penn Coal 81 Coke Corp...
10
^13% Jan
5 X : 16%
Penn-Dixie Cement Co new.i—...7>
: 23V4 Mar
4
•• 30%
Penn Glass Sand Corp—No par
j 28% Feb 25 P, 32 ^
5% preferred———100
110
Jan l2
115"'
Penn Power & Light Co.—.No pari',: - 22 ; Feb 26 •' - : 27y2
Pennsylvania '"KB—.60^
41 % Feb 26
1 47%
Pennsylvania Salt Mfg Co
10
x40
Feb 27 v
46
Peoples Drug Stores Inc—
5
43
Jan : 2
'
52
Peoples G L & Coke (Chic)
100
89% Feb 20
103
Peoria & Eastern Ry Co.
100
34>/2 Feb 26
V 51%
Pepsi-Cola Co
.J33%o •
32y2 Feb 26
40y2
Pere Marquette Ry Co
100
25V* Mar 7 :
36%
*108'A
120
Feb
i
13% Feb 26
Penlck 8s Ford—————.No parPenney (J C) Co new
No par.
10%
120
175
;
Mar
6
16%
10
49
Oct
75% Dec
149% Dec
5
27
4
Feb
28% Jan
Parmelee Transportation—No par
pattoQ Mines 8s Enterprtses^i—10
10%
120
38% Mar
v
10
19y4 Jan
Dec
Nov
X60 Va
160%
16
Jan
42
,
Jan
12iy4 Jan
U
12% Feb
.
Dec
46
Jan
34% Jan
4
11 y« Feb
3iy2 Jan
.22%
p\-rZ
35 y2 Jan
par
2.50
prior preferred
100
5% preferred—
100
Pet Milk Co
———«, —No par
4JA% 2nd preferred
100
Petroleum Corp of America———.8
120
S
3
4% Jan
v
-
Penn-Central Airlines. Corp.—.1-
5.500
43%
23%
43%
Mines—1
24
48
l
179Va Mar
3
19
57
89Va Nov
.
26
10% Feb
.1
Davis & Co
2
Feb 26
23% Nov
5
6 S» 152% Feb
Jan
Jan
45 y* Mar
Jan 24
Mar
Jan
Jan
11%
;
64% Feb 15 S
81
Feb
4
; •
3
—1
Consolidated
: 44% Mar
Jan
Feb
/' 13%
,
Jan. 15 /
'
1.300
54
32
31%
Parke
'
4.300
53%
*113
38
Utah
14%
38
—
37%
Park
23 %
*73%
*113
II.300
-
•
-./ 45%
75y2 Feb 26
108 y2 Jan 10
52 y4 Jan
3
par
100
& Tilfbrd Inc
14%
53
25
56%
Park
23%
38%
*29
6
r
14%
52%
*14%
I
ey*
preferred
conv
Paramount Pictures Inc.
34.000
23 Va
38
73%
4%
70%
85
•
6
37% Jan
108% Jan
.
1
No
4
16
19% Jan 22 S
•
.
19
Feb 26
" ;?17
100
———
Paraffine Cos Inc
14%
53%
74%
600
23
38
y4
7.800
76 y2
preferred
Panhandle Prod, 8s Ref
14%
38
76
4%
11 Va
23 %
53
*73
36
113
66
66
'
6
.
*110
67%
66
;
.
Jan
Mar
24% Feb
•
20% Feb 26
Pan-Amer Petrol & Transp
5
Panhandle East Pipe Line—No par
100
4,000
*74%:
J
78
19
47%
10%
*110
68%
66
47
*110%
'
10%
n7%
S
2
.
Jan
'
p-•.
■-
Jan
Feb 26
Feb 19
22% Dec
R
16
16%
15%
16
16
16%
15%
16
92
92
93
93
92%
93
93
93
92%
92%
18%
19
19
19%
18%
19%
19
19%
*112
112%
112% 112%
*112
18%
*112
*43
19
112%
44%
112%
*112
44
♦43
23%
23%
*37%
37%
38%
28%
28%
28%
29
44%
24%
24%
*111
112%
•100
31%
*50
/
100
■
31%
31%
32
53
52
52
35%
35%
35%
102%
*102
104%
26%
27
18%
16%
*26
26%
16
19%
19%
23%
44%
23%
4,100
38
37%
38
38%
38%
800
29
29
29
29
29
29%
2.200
50%
49%
49%
49%
*44%
45%
24%
45%
*23%
51
35%
■% *102
*111
*98 Va
99
.
.;
32
*51
51
36%; /;■• 36
104%
*102%
26%
26%
112%
*111
101
32%
*97
•32;/
51%:
52
104%
18%
18%
15%
10
15%
■
i&y4
19%
15%
>
•
19%
27
19%
18%
19%/.
16%
15%
15%
19%
19% :
19%
/
..v/ 49%
;il2%yV:,
99
32%
;
*100%
104%
18%
C/15ZZ
19%
,*111
102
- ,.
34%
26%
46%
24%
*23%
/
52%
27'
„
.
;
300
400
Radio-Keith-Orp" -)um
Ralston Purina Co 3%%
,
32%
£
34%
*51
Rets
1.100
/
52
35
-27%
18%
19%
15% '/
15
15%
19%
,19%
700
7.100
101%
*27%
non-cum
2nd preferred
Hosiery
Preferred
32%
101%
4%
Real Silk
300
-
■
/
M
700
8,700
24.600
4,600
—
(Robt) & Co 1st pfd
Reliable Stores Corp
Reliance Mfg Co
Remington-Rand
Preferred with warrants.
Reo
Motors,
Inc
Republic Aviation Corp
Republic Pictures
$1 conv preferred
Feb
23% Feb
43
106 Vz Jan
1
50c
..—10
40% Jan
49 % Feb
Oct
18% Dec
July
Aug
111
Dec
43% Deo
1
16 / Mar
25
34% Jan
38% Jun
•19% Jan
29% Mar
52
Jan
112% Feb
4
25Ya Feb 26
15% Jan 7 ;
102%
50%
8
Nov
Dec
46% Dec
28% Dec
Oct
137
69% July
17
Jan
•
143
Jun
Dec
31%
Dec
44%
Dec
•
1
' '
22% Jan
22%
Jan
39% Feb
7
105
Feb
8
31% Jan 15
15% Jan
16
7% Aug
21% Feb
17"% Feb 25
.
liy4 Jan
/
32% Mar
60
Feb
Mar
36% Jan
•
125% Jan 17
:
43
18 /
46% Jan 9
28% Feb 11
33% Jan 22
./ 101 % Mar 8
?
33
19% Dec
?; 90%
4
4
33% Feb
2
Feb 21
Feb 21
103
6 /
Jan
7% Mar
Feb
28*
/
15
19
78%
.
38 Va Feb
8
3
6
8
27
4
99
No par
10
10%: Jan
.
112% Feb 11 ;
Feb 26
27% Jan 7
100
25
1'
Jan
26% Jan
49% Mar
.50
0
100
1
19 " Jan 28
■?'93f*'-Mar '4'yj
21% Jan 28 /
,
21%Jan/3
37
Reading Company—50
4% non-cum 1st preferred
50
150
102 %
1,
pfd—100
-No par
Raybestos Manhattan
Rayonier Inc,,
1
02 preferred ———.—25
200
;
Z 112%
I9V4
19%
1.000
49%
*45%
24%
X34%
36%
'
26%
-
44%
15% Feb 26
87
Feb, 7
: 15% Jan
3
109% Jan 10
41
Jan 3
Radio Oorp of Amer
No par
$3.50 conv 1st preferred—No par
'
45%
*23ya
-
49%
45%
24%
32%
.
35%
18%
23%
112%
,/r /■A'
102%
v
44
38
32%
101
10
23%
*111 ;
99
112%
♦111
104
•
.
112%
44
*24
45
24%
52.900
*112%
1.200
29
*49
52
44%
24%
19%
:
19%
23%
*45
51
*49
*49 JA
41,400
91
38%
23J/a
*38
29
*42%
16%
113%
43%
43%
23%
23%
44
43%
24
37%
23%
15%
X91
21% Feb 21
99% Jan
36% Dec
102 y2 Aug
29
Dec
18%
Deo
Monday; March 11,71946
THECOMMfeRCTAl^T
NEW YORK STOCK RECORD
Friday
Thursday
Mar. A
Mar. 7
t per
tper share
share
X33%
33 %
33
33%
*111%
113%
miv*
113*2
20*4
20%
20'2
108*4
*108%
108%
34%
34%
34?s
'
20
'
*108',«
'
34*8
♦118%
*119V's
120
24
24%
24%
39%
39%
*43%
:
120
-24%
39%
40
44
108%
108%
*26%
62
H
*113
61%
61%
62
25%
26%
26
26 %
113%
113%
'
15'A
113%
15%
113
113%
112
112
15%
15%
111%
113%
111
55
*54
109%
31%
27 %
27'A
40
n
41%
41%
42%
20%
20
20
112%
26
26%
33%
25%
14
20
112%
♦32%
14
112%
,
*
79
23'A
72
30%
12
45
35%
15%
Simonds Saw &
18%
108 V» May
29
Nov
8
65%. Oct
Jan
3
37% Jan
77% Feb
25
32 % Jan
10
12% Jan
8
17% Feb
8
36
Jan
2
45% Jan
29
20
Mar
2
24% Jan
17
3
113% Jan
9
22% Aug
7
Mar
35%
Oct
17% Mar
107%
Oct
78
22%
23%
13 %
Aug
o% Mar
32% Jan
-15
Mines—-—5
-No par
30%
6%
57'A
32
35%
Jun
Jan
13%
20% Aug
40 Vs Apr
35%
25%
26
26
56%
57%
Greyhound Lines——5
.
155
Southern Natural Gas CO——7.50
53:
r
*17
31
52%
52'A
53%
81%
81%
83 %
83%
*93%
94%
*93'/a
98
1
38%
Jan
Jan
32% Jan
Railway ———•—No par
non?cum preferred—.
.100
Mobile & Ohio stk tr ctfs—100
Southern
=,
Apr
Jan
26%
-No par
Southern Pacific Co—.
A
Jan
•4% Aug
preferred^——.
100
Southern California Edison———25
26
55%,
29% July
8%
36%
34%:
Aug
48%
preferred-
South Porto Rico Stigaf——-No par ;
57%
179
179
Jan
15
Sdcony Vacuum Oil Co Inc..15
South Am Gold & Platinum.,
—1
13%
*31 *A
30%
179
41%
Southeastern
38
6%
Feb
14% Aug
No par
-15
Iron—.20
——No par
Smith (AO) Corp—
-10
Smith & Corona Type writer.No par
74
15%
Jan
July
24
22%
$1.20
*36
May
59
Oil Corp—.
8kelly Oil Co—
81oss-Sheffield Steel <fe
73%
Jan
12% Mar
74 '
Steel-—.—No par
Sinclair
55%
55%
109%' Nov
11
16
' Jan
110
——
40 *A
15%
30 Va
24
Jan
114
13
28
Sep
60
t" 7
*176
41% Aug
x42% Feb
Jan
Silver King Coalition
36
4
3
16%
Simmons ,Co
73
%
11
preferred
22%
72%
8% Mar
Jail
59% Jan
Steer Corp
18%
*23 %
19% July
28
26% Feb
No par
37 :/• Jan
110%. July
Jan
18
31
111% Jan
-
12
30% Feb
67
■
7%
60
40'A
Jan
24
6
Jan
-
107% Feb
1
Shell Union Oil.—
31
11%
44%
114
'
*-No par
—No par
Sharpe <fe Dohme__
No par
83.50 conv pref ser A,——No par
Shattuck (Frank G) ———No par
Sheaffer <yj A) Pen Co.
No par
79
22%
.
63% Jan
28% Feb
1
$5 conv
25%
*70 [
107
Co..—.—No par
M
$4.50 preferred
Sharon
102'A
25 *A
Roebuck
Shamrock Oil Sc Gas
34 »A
102 %
25 *A
25
113
Sears
Servel Inc common
26%
:
34'A
103
103
*112%
14
>
126%
26
23
—9
—
4
Jan
Seaboard Oil Co of Del
8eagrave, Corp
;
53
preferred series A w i
100
—No par
5%
71%
30 %
<
100% Feb
64
32%
71%
30 Vs
40%
20 *A
♦112%
.
71
30
13%
40%
20
31%
71;
15
•14
31%
31%
29%
Jan
I21/s Jan ' 3
No par
—No par
preferred...—
—No par
Seaboard Air Line ctfs w i__No par
109%
3
26
113.
Scott Paper Co
103
*103%
70'A
■
$4.50 preferred
*107
109%
31%
70%
preferred.^
Savage Arm? Corp—
Schenley Distillers Corp
56%
55
108%
*108%
109
*107%
5 %.
114%
52% Jan
24 % Feb
10
—5
100
*
2.50
Joseph Leadfii——-
Safeway 'Stores-—.
15%
15%
*107
*107%
'
St
61%
63%
26*%
*
25%
64%i Jan
80%
Jan
11%
Spalding (A G) & Bros Inc
1
oparas Wlthmgton
—No par
Spear It Co
:
1
Jan
6% Mar
-
7%
...
Jan.
I
Jio par
Spencer Kellogg 4 Sons——No pat
80
Feb
32
Mar
Sperry Corp (The) —J.—
Spicer Mfg Co-.-——
27 %
$5.^1 preferred
21%.
21%:
gSVa^.V
62%
A 82%
5-
■
-
39'A
39
4
4
'
t
22%
93%
22%
95
»
96
64%
*63 '
39%
115
114% 114%"
39%
115
j
'•>
■
44%
45%
36%
35'A
•*113
.115
*127
129
43'A
38%
65
-
43%
38%
;
.65 »A
21%
r
*113
*108
21%
108?»
20%
*41%
115
<•
•
<
■
,
36%
37%
•
;
>114% 115.
126% 127
128
128%
;• 43'A ■ 441 ' ;
• ,43%
43'Yet'
38 i. 38%.:"4>A/.30%' 39%
rf& 64% 4 65%
64%
63%
:
$,
21%
22
•
f H 21% :• 22%
.
y.*4t' A
43
"u
21%
•
43 4:4.'V4. 42
110
42%
21%
17?2, 17?«
41
*40
42%
45%
*113V4
115%
41%
39%
41%
40
119%
120
131%
43%
39%
39%
>
,
"
29%
39 «A
-
43%
/; $7 pridr preferred————No par
Standard, Oil of Calif—
-No par
39%
Standard Oil of; Indiana—-.—-.-23;
64%
65%
654®
65 3 4
Standard Oil of'New Jersey———25
21%
108%
20%
21 %
Standard
*107%
108%
21%
20%
21%
*107%
.
20%
*42%
*4234
44
42%.' 42%
♦107 V*
.J10
•
42%
*108
21'A
21%
30%
19»A
"
22
19%
29
Stone
'Sun
No par.
L S.
—No par
Webster——-
M
Chemical
—1
,
Dec
107% July
•
41% Feb 26
113
Feb
v
3
Feb
33% Nov
Dec
Dee
26
26
121
134%
26
Feb
114
125
37
s
62% Feb '26
20% Mar
107
17% Jan
3
41
Feb
Class A pfd
(4%% cum)
30
3
*40
40%
*43
45%
-37%
37%
33%
33%
106
33?S
35%
36%
36%
Syivania Elec
*10814 109 Va
*108%
111%
13 %
13%
Nov
24% Jan
7
21
8
•,
25% Dec
28% Dec
22
Oct
18% Feb
26
-'V
24
263/ Feb
26
20% Feb *26
Jan '
:
•
13%
39
*43
-.1
'-'-33;
13%
Sweets Co of Amer
45%
37%
Dec
18%
Dec
109
Dec/;.
73% Nov
;
.'T27V8 Mar
i
9Vn
Dec;/ ".'
25Vs
Dec
33
40
•
Dec
Dec
Dec
24Y2
Dec
137
",,
■
12%
(The)
an
ttwifv
3814
Vf> Par
Prod's-Int
$4. preferred—
Symington Gould Corp—
No par
1
'
LOW
Saturday
Mar.
2;;//
# per share
*13
Monday
'
'
-
AND
HIGH
Tuesday
Mar, 4 '<
:
$ per share
'
Mar.
#
0.*.",;
per share
SALE
PRIDES
Wednesday
-
Mar. 6
S per share
Sales for
Thursday
Mar. 7
f per
share
■-H
Mar. A
$ per share
10%
1.000
17%
18
2.100
109 Vs
.
YORK
Range for'Previous
.
EXCHANGE
160
$ per
Talcott Inc (James)—..
9
;
Telautograph; Corp.,-iTennesseeCorp—-—L——l—S
Tennessee Gas M Trans 5%> pfdilOO
Texas Co (The)......
25
54
12.500
9%
10
7.800
Texas. Gulf
*50%
51
3.400
Texas Gulf Sulphur—
Texas Pacific Coal *& Oil-—
23
23%
7.600
18'A
18%
10.800
900
,1.400
Texas Pacific Land Trust
Thatcher Mfg Co—
$3.60
100
The Fair
6%
see
page
1304.
Producing—,-—'—1
Texas & Pacific Ry Co-
320
footnotes
Lowest
3
53%
For
Range Since January 1
STOCK
Shares
10%
109 Vs
NEW
the Week
700
13%
STOCKS
■
conv
preferred
.,rV
preferred
No pat
-10
/
•
,
—_T
.100
.—.Na' par
—No par
;■
.yn ptir
—100
■%<
■Nov
33%
Swift International Ltd—.
34%
Oct"
45
9
No par
:
23;
,—100
-:lfl
.Superior .Steel Corp—
Sutherland Paper Col——1
39%
39Va
Dec;.
47.
t,.
26
41% Jan
105% Jan
.100
1
lot
—;
—.
Mining Co—
Superheater Co (The)—
Superior Oil of Calif
Dec
20%
No par
Sunshine
Nov
108
•
Sunray Oil Corp
Oct';.
27
:
12
A
68?# Nov.;',;;: ;
•
3
Jan
v
(
:44%.:',DeC;^yi:
•
preferred—-No par
——:
-
115V. Aug
-
28
Feb
42 Vs Feb
De,c
49%?
.
r
19
30%, Jan
—1
Corp
$4.50 series A
Sun Oil Co—
8
.
»The«
Studebaker Corp (The) —
19%
.39
Co
Starrett
124.
7?a
l^a
A*
Sterling ,t)rug Inc common———5
3% preferred ..—.I——.—100
Stewart-Warner Corp—
Stokley-Van Camp Inc.
—1
$%
prior preferred:
L20
*115% 118;
-
Ohio/——,
43
32%'
22.
of
43%
110
21%
31%
Oil
3%^ preferred series A——100
Standard Steel Spring——,
—i
.
21%
28%
39
-
21%
30%
;
$6; prior, preferred———-No par.'
135
43V3
43%
-
$4.50
Standard G ME Co $4 pref—No par
122
132%
119 %
131V*
Brands, Inc.—No par
preferred-—-——Na ear
Standard
45;%
65%
29%
29%
♦115% 118
.
*123
8
19%
29%
20
28%
43
110
45%
46 ?
*115 ?4> 115%
17%
65%,
i
124
7?*
19%,
17 •
22%-
"19%,
42%
20%
12% Mar
76% Jan
37,%>Jan
Squibb {E R» & Sopis New
L-l,
$4 preferred.:
..——No Par
r-
Jan
47.% Jan
.1
Square D.Co—
*106%: 108
65%
*123
#
i-
108%
65%
r^.;22%
28%
,
31%
: ?
28
43,
-,
*107'A
20%
i?/22«/a^.22%
#vl9 m:19%
*106%
42%
-31V.
31%
20%
.
110
*108
:T
20%:--20%
,-31, '
21%
42%
42 ?-.
-
*107%
■
*107% 108'/#
ih 108 .108 :
20*AKr 20%
:
21%
45%,
115 •,
36%
39%
,11$% 117%
130 . 130
43%
44 "
39;
39%
64%
65%
21%
21%
*107% 108%
1
No par
3ptegel In?—
2"
Cona $4.50. preferred—...No par
22 i
°V '■
35%" 36%
*114 A 114%.
0 42
:
/
■
'"" .45
?115»Vi;ll4%:,*113
V &45
$15%-/j
*112%
21%
95*A
63 %,
>*38
93%
64 .
39%
.*114% T15 «
"
-
-
share
Highest
...;
;/'• Year 1945
Lowest
.
$ per share
Sper share
Highest
Sper share
, ,
^
%
Volume 163
Number 4471
THE'COMMERCIAL & FINANCIAL CHRONICLE
NEW YORK STOCK
LOW
v' Saturday
Mar. 2
,
""
•
Monday
&
AND
HIGH
SALE
Tuesday
PRICES
Wednesday
Thursday
't
.Mar. 4
$ per share
$ per
Friday
V
■
„
share
share
$ per share
.
/'i;
Mar. 8•
t pershare
the Week
$ per share
xl4%
15'/a
*60
62
14
15%
62
14%
14%
17%
:n%
'55
62
"
*53%
5374
54 %
*108%
111
62
15%
' 17%
is
62
62
14%
17 %
:fu%
15%
17%
*58
1474
*17
15%
*106%
54%
55
108%
111
108%
14%
%
62
•14% '.?iT5%
*17% 5
.14%
•
631
Z
*: 55" r
C 55'
*109
111
*109%
110
15%
'
♦
'
'
55
109%
11
10%
19%
,
19%
*111
1174
5574
11%
55 74
55 74
11%
11
'58%
*54
11
*111
10%
56%
19%
19%
19%
11174
1974
11174'
10%
*55
111%
111 %
111%
19% .20.
>
'
1.200
109%
-
42%
41%
4274
42
42%
41%
4274
58
58%
57%
573/4
57%
58%
57%
5734
17 %
17%
17
173/h
17%
17%
17
577/b
58
59
111%
57
58%
9%
97/e
9%
1074
112%
11274
112%
11374
113%
113%
1.7%
17%
16%
17
17
17
16%
17
T 52%
52%
51%
53
53%
54%
53%
5574
10
*28
28%
28
2774
,
11474
Vv
58
26
9% : 10%
*113%
43%
:
8.100
4.100
1.500
■•,
58
17 %
'57%
29%
29%
43
58%;?'
17%,
*28%
9%
*28
42
58%
,,2074
110%
.r;58%
•
X110%
56%
26%
26
10.%:;,
10%'
113%
113%
10%
114
*
9.700
17*
13% Jan
60
19.100
___Nr
Oil
1.700
20
8
53
Feb
17% Feb
8
Feb
Jan
26
"
108% Mar
.70
'$
16
Feb
/
65%
65%
64%
108
15%
*145
*106
15%
15%
175
.
5574'
*145
.
55%
22%
23
21%
,
66
68
*106
109
15%
15%
175
55%
■
6574
108
*145
55%
15%
5574
21%
X54%
55%
*6774./ 69%
*108 r
;
68%
109
54%
*145
*-
'56 v
22
*145
56-"
175-
•
109
;
v
21%
*
15%
54
•'/;• 1974
Dec
45
Juiy
6674
Nov
Jan
29
106%
Oct
137a Jan
29
474
Jan
934
Dec
Jan
61%
Jun
Jan
25
Dec
Feb
26
68
Jan
29
18% Feb
__J.O
26
22% Jan
10
par
108
No par
57
Feb
& 16%
Jan
, -
$1.50
3
Feb
26
Jan
3
niv2 Jan
2
m Mar
'
9%
.
Feb
20
Jan
29
3474
Jan
52
15
50/
Apr-
66
"
71.
7
Twin
800
preferred
;
No
*
City Rapid Transit
2nd preferred
5%
220
2274
Twin Coach
3,300
No
14% Jan
par
100
23
Dec
26
Jan
79
•'_ Dec
1874
.
-
Co
Mar
70
Mar
8
172
Jan
Jan
3
60
Feb
2074 Feb
26
2674 Jan
;
4574
Dec
56
May
Dec
Jan
10674
974
29
Jan
16
Dec
Sep
146
J
Dec
5
1
Dec
Dec
17
112%
28
•50
Dec
v' 11274
34 74 Mar
102
187/a Jan 30
4
Dec
10%
V
Jan
26% Mar
8
/3
33
Jan-
10% Mar
10
Jan
Jan
5
103
6
147,
50
-
•
Dec
Mar
8
106 74 Jan
.1
Nov
10
Mar
56
3
16
107%
9
20% Feb
3
49% Jan
105% Jan
:
prior pfd
conv
39% Jan
par
No Par
Sep
9
Jan
33% Feb
7
12% Jan 29
114
;16% Jan ':7
i
Oct
50%
25
No par
f 31
1674
101/
112
4
26
Feb
5
$4.50 prior pfd—i
/
Nov
66% Jan
2174 Jan
3
4174 Mar,
Corp.—.No par
■
7,500.
157a
175
.
21%
•
20th Cen Fox Film
40.000
*55% '55%
f
21%
;
•
*145
*55%:" 56"
21%
2174
/
,.r?70
i
175
-
'56
56
68
*106
/t
*105
>,
.15% .1574
175
'
2174
66%
*106
Dec
1574 Mar
"v, Jan
/''
*106
Dec
Aug
/ 13
28 '
112
1574
64%
/ 10 74
28'
68'/a Jan
2
Jan
Highest
Sper share
974 Mar
4
19
'
per share
53% July
16
15% Jan
5
8:,/4 Jan :
;
par
J
Trl-Contlnental
$6 preferredM.^.M.wm^.....No par
.Truax-Traer Corp——No per
190
Jan
12
Lowest
,,
:t. $ per share
5
17
Year 1945
Highest
*:
Transue & Williams St'l__
.
1634
16%
;.u
■.-'■'■i* '"'.-J:---
>;<■ 4:
■"
?$ per share
50
Transamerlca Corp
Transconf 1 & West Air Inc
'
16%
::
1.200
10%
,114
sV
'
7.400
,
t26%
,
.7
preferred
$3.75 preferred
Tlmken Detroit
Tlmken Roller Bearing
360
17%
57%
17%
.
,
■
conv
$3.50 cum preferred
Tide Water Associated
'
20
'
Par
.
Thompson-Sfcarrett Co«-r-..No par
200
>
-
div
'
'
5.200'
*55%..'57
...
111%
X42
,
1774
57%, 59
11;
1074
58
19% V'20%
111%
42%
58%
ii
*54
.
Lowest
Third Avenue Transit Corp._ivo par
Thompson (J R)
25
Thompson Products com
No par
; :4,%fc preferred,
200
r
•
55%
$274
•
21.000-
"'
/
Range for Previous
Range Since January I
;/ / s*
,
Tbermoid Co common—1
370
'.
io
54%
\%
*.,//>
2.900
63-
*1774.
*17%': 18:
55
15 74 '
:i 14%
•i4%Ai4%r
17%
55
-
•
exchange.
Shares
}
'
15
,
*
Mar. 7
$ per
RECORD
/vV'jfSTOCKS: ■: v»"
Sales for;, V / ; e.: NEW Yvmn oTOCK V"'V'/i/''
42
14%
-
Oct
Jan
:f
52%
Dec
2574
a
Dec
>(?
'
'
ri/y
u; ://
*69%
70
70%
24%
24%
102
24
10274
*113
70
*113
113
*112%
113
108
*10674
108
23%
23%
149
23%
149
*117%
149
120
*68%
X24%
68%
800
24%
24%
24%
24%
4.200
102%
102%
103V2
103%
104%
5.900
113
*113
114
113
*112%
113
113
113
108
*107
108
108
108
*112%
108
235/a
2374
24
23%
149
148
148
148
*118
120
119
38%
32%
32
33
32%
32%
113%
*113
33%
.
*143
112
*11374
4474
150
35%
*10774
116%
'•45%
*107%
77%
*76%
80
*31
33%
79
3574
112
78
13%
1374
13%
13%
13%
25%
25%
25%
25%
2574
5%
5%
5%
5%
49%
4974
50
28%
28%
2874
1274
12%
12%
77
77
19%
*4774
19%
46%
112%
114
114
10%
24%
23 %
49%'
50 v
30%
33%
32%
33%
1374
*1274
13%
*12%
13
500
*75
80
*75
79
*75
80
10
*74
1974
*204
47
*4574
*114
109
25%
25%
25%
48%
49%
10
25
107
*10674
23%
23 %
116%
|*23%
64
*61
64
*51
53
*50%
52
%
•
U*
1/a
11%
11
11 %
10%
39
38
38
38 %
*61
1%
38 %
15%
15%
15%
16
15%
11%
12
*11%
51%
51%
52
62
62
42%
44%
*3874
52
63'/a
44%
52%
*11%
51%
*62
63%
*61
42
43%
6%
6%
64%
42%
65%
*176.
182
71%
88%
88%
81%
807/a
160
,
71%
*86
80%
160
159%
119
hlc
,
3874
43%
43%
6%
5%
6474
38%
3874
16%
8.200
2.200
64
65
400
42%
6%
53
63%
43
43%
45
1.700
5%
65
180%
17774
180%
72
72%
7274
73%
88%
81%
*86
*86
82
82%
82
160%
160
27%
27%
27%
2774
27%
27%
27%
2774
51%
51%
*49%
51%
51%
51%
50
50
88%
27%
8874
*50 -
51
400
Partic & conv cl A
8
8
7%
7%
7%
16
15%
1574
1574
*118%
120
120
120
120
Preferred
8
*7%
120%
120
16%
12074
16%
8
17
120%
*119
10.400
126
16%
119
1.700
500
Smelting Ref & Min
Preferred
—
United
Stookyards Corp.
—9
2274
2.000
14%
15
14%
147b
15%
7.000
Universal
7474
74%
74
98
*97
98
75%
260
98
*97
98
97
97
97
99
99
210
200
200
*198
*200
*200
41%
__
40%
41%
41
41
LOW
Saturday
Monday
32
32
*20
20'
21%
21%'
79
—
79
•106
110%
79
*109
*7774
2174
11074
40%
10874
974
1074
4074
974
79
41
974
84
123
*79
974
84
*122
90
•49%
4974
50
43 y4
4474
*4374
79
*109
*11174 115
90
8374
'
79
*107
*83
12274
*78
49%
50
43%
4374
/
10
t
■
90
974
83
*78
50
50
4374
10
«
50
•172
190
*172
190
*17£
190
1974
n
82
*80
19%
101
111
101
♦109 "
*9
109% 109%
101
82
-
974
51
44
164
*8074
*80
1974
♦109
112
*109
103
102
102
21
21
16
16%
15%
1574
1574
12%
13
12%
12%
12%
1274
10674
*106
37%
37%
41
*39
For
footnotes
10674
106
36%
*38
see
♦106
38
38%
13
10674
3774
1574
41
page
--
1304.
*3874
40
106
-.
16%
13 %
106
*
3774 ""'38%
*38%
41
Feb 26
120% Feb 18
Jan
204% Mar
11
11%
;
8274
;
1.300
Vlck Chemical Co
•
"
j
1074
10
8474
■
"10
i
i
85
2.200
3,500
950
5174
'
.
X5074
120%
,
70
90
5074
<
16374
f
190
*172
190
82
*80
1.000
t
44
44
-
500
10
G%
Nov
28
115
77
Jan
115%
Dec
13%
Jan
34%
Nov
28
70
Jan
14
50
Jan.
70%
Dec
6
59% Feb
2
38%
Jan
6
1374 Jan 29
*"674
Ma r
4
55%
Dec
1274
-
Dec
7
Jan
29
18 74 Feb
16
7% Jan
16%
2
1274 Jan 11
9% Jan
11%
4
60
Feb
16
35
Jan
57
Dec
12
70
Feb
5
46
Jan
67
Nov
Feb
26
5074 Jan
10
2774
Jun
48%
Dec
8
774 Feb
7
4
Jan
44
>
3074 Mar
: 39
8
Jan
Jan
187
Dec
52
Oct
176
Jan
Oct
7774
11
72
Jan
58% Jan
89
6
Feb 10
135% Jan
160
2374 Aug
46
Sep
Dec
;'-32
166
2
Jun
7374
Feb
89
3
Dec
774 Dec
.
97 74 Feb
22
4
..
2974 Jan 14
52% Jan 14 r
Oct
;
8574
Dec
Nov
.
Nov
5074
Dec
^
3
26
Feb
,9% Jan 28
Feb 25
Jan
94% Feb 26
Jan
3
39
Feb
25
200
16%
Dec
Jan
12174
Dec
16
Jan
574
39
10
Mar
Dec
Jan
25
Feb 25
11074 Jan
874
474
7
1674 Feb
Jan
9874
Jan 24
27% Feb
81
8
188
4
20% Jan 23
128
25
8% Jan 31
49
'
144% Jan,
6
84% Feb -8
21
Jan
' kV'
Feb
./
274 Mar
51% Jan
7474 Jah 15
3
21.
1
Dec
9
Dec
52
Dec
178
1
49% Jan 10
25
Jan
/ Jan
75%
Jan
110
Dec
200
Mar,
2374 Aug
Nov
48%
~
Dec
S per share
I
Jan
2
Feb
26
66
i
—8
3
26
46%
21
.
Jan
18% Feb
iv
-
.100
,,U 6%
100
.'77%
div partic preferred
Jan
4
90
Jan
28
2
112
Feb
115
Feb
44% Jan
Jan
107
1
3
13
5
3474
Mar
32
Jan
Dec
2274
13% Apr
4874 May :
v
Dec
5074
.
Nov
2474
Dec
71
Nov
8674 Mar
104
Dec
15
90%
1C-3
Dec
18
2474 Jan
4574
Dec
3% Mar
/ ~8%
Dec
Mar
12% Jan
$ per share
21% Jan
.
9
Mar
Jan
8
24% Jan 10
37% Feb 26
No par
Chemical
,
Highest
per share
Jan 28
16
; Jan
107
Feb
55
2
Jan
104
Iio
39
Lowest
23% Feb
/
■/
Year 1945
Highest
30
*
8
preferred—
19%
700
40
800
;
ii r-
10
*20%
21%
16%
13%
106%
V
1574
13%
iii
21%
16
13%
Va El & Pow $5 pref
100
Va Iron Coal & Coke 5% pfd—100
120
Jan
•
:
:
Jan
1
29
-
5974
99% Jan 28
Jan
81
De3
5
118
'Sep
124
Nov
Jan
2
.57
Jan
83
Dec
51% Feb
25
; so
Jan
21
Virginian Ry CO—atl
6 %. preferred—^^.—••*—*28.
Vulcan Detinning Co
XI61
18
MM
System
Walgreen Co
4% preferred
Walker
(Hiram)
G & W
100
No par
No par
100
No par
lb'6^ Oil je&em preferred
6.800
4.300
Walwortn
Ward
570
5 Yst%
37%
37%
37%
17.900
Warner
*38%
39%
39
39
100
-No par
go—gggi—is—No pa!!
Baking Co__
10674
X37%
106
preferred
Waldorf
preferred
Bros
Warren Fdy
Pictures
& Pipe
82
:f
Jan
4
Mar
7
Feb
2
175
.
165
,
80
Jan
4574 Jan36%
45% Jan 30
Jan 18
Jan
64
Feb 21
173
Sep
78
Nov
13%
Jan
20
Dec
3074
Jan
42
Dec
Jan
3
Jan
22
Jan
2
108
Feb
18
109% Feb
1
98
Feb
26
117% Jan
14
61% Mar
20
Jan
3
21% Feb
21
19
13
Jan
12% Mar
8
iv3% Jan
if-- Jan
38% Feb
18% Feb 16
3
4.
3
3
2?
>15% Jan
14
107% Feb 20
39% Feb 25
/
50
Jan
16
Nov
Mar
75
6
Nov
4374
145
15
42% Feb ; 4
v
Mar
18
20% Feb
55
•'
120
39
No par
—100
122',4 Mar
Feb;26
172
Wabash RR 4Vi%
82
19%
40
*20%
13%
Va-Carolina
10774
"16% Apr
Jan
Wt 77
2
117
.—100
100
Preferred
1974
109%
106
cum
Dec
103% Oct
•
-
120%
*82
*155
1574
10
Vicks Shreve St Pac Ry
5% non-cum preferred
Victor Chemical Works
3 74 %
26%
11
14% Feb
:
Vertientes-Camaguey Sugar Co.6%
—
Dec
Jan
Jan
jperthare
2,300
421
13%
33
Lowest
t
10874
Nov
Range Since January 1
22
*
112
26/
Feb
7% Jan
—2.50
103% 109
*20% 721%
2
27% Mar
No par
22'
Oct
674 Mar
21
STOCK
Vanadium Corp of Am
44
*io9
YORK
Van Norman Co
39%
20%
16 Ye
20%
Jan
29% Feb
EXCHANGE
Van Raalte Co Inc
161
1974
'
900
42
974
"
NEW
Dec
W Range tor Previous
300
♦107
~
2174
*21
108
3
v
f
;
2.300
*80
ii2
101
10274
Inc
!
*172
19%
4
Jan
50
100
1
preferred
Universal Pictures Co
i
X161--
to
1974
Feb
79% Jan
Shares
*43%
'
82
19%
49
....
8%
52
106%
16
71% Jan
ii
19%
81%
85
*43
Feb
84
No par
5074
*106%
*11074
90
*160
19%
v
122
164
41^
•
*84
*160
82
;
4174
10874
*78
164
*19%
40%
*120
90
*160
*80%
'
■
122%
190
.*172
'1
-
31
154
par
5074
81
8374
:
Universal Leaf Tob—2
Sales for
3233
-
*107
122%
.
.
22
?
*106%
•4074
3
173
.1
No
X1974
'
*110
40%
Inc
Laboratories
Preferred
the Week
$ per share
1974
51
*79
v
1
*107
85
12274
80
22
*113
41%
10874
4.100
Friday
32%
1974
*50
22%
164
•160
31%
19%
51
•2174
44%
Mar. 8
.
$ per share
32%
19%
51
22
4074
122
8374
*121
*3174
20
2174
10874
*107
33
*109
*11074
40%
*106%
Thursday
Mar. 3.
52
*51
20
4374
23
STOCKS
Wednesday
—
42%
Nov
Mar
5% Jan
conv
PRICES
iper share
19%
50
21
,
SALE
*19874
4174
Mar. 0
3174
20
*49
50
42
$ per share
3174
31/
2074
50
HIGH
99
*19874
*.«•
41
Mar. 5
.
$ per share
$ per share
AND
Tuesday
Mar. 4
Mar. it
42.74
22%
25
22
647a Mar
—I
72%
2174
Oct
13%- Jan
-
41
29
15%
2174
120
6074 Jan
—No par
preferred—
76
2174
89% Mar
51% Mar
100
United Stores class A
$6
Jan
Dec
Dec
"■
No par
15
22
110
8
Jun
17%
52%
10% Jan
—50
;
7574
2174
10% May
33% Jan'
13% Jan
—50 7/
1574
21%
15
16
36% Jan
£
-10
77
21
66
Jan 28
Jan
No par
S Rubber Co
*73
15%
8874
<
..I
U S Tobacco Co—
8
Dec
Jun
Jan
106
20
10
-
U S Plywood
non-cum
Nov
50%
29%
23
par
10
U S Pipe & Foundry
U S Playing Card Co
1%
Jan
:14%
13% Jan 29
26
Nov
Jan
119% Mar
106% Mar
199
25% Nov
Jan
21% Feb
preferred
No par
Universal-Cyclops Steel Corp——.1
21%
15
75%
*78
7%
15%
38%
Dec
13
9%
56
78
21%
-
8
1674
Dec
Dec
15%
45% Mar
I"
15%
82
36
7
16% Jan
23
Jan
Jan
26% Feb
v:
7% July
22
July
1% Jan
Jan 30
33% Mar
731/2 Jan
No par
I
U S Lines Co
1,300
140
114
66
Dec
1674 Jan 28
85
Jan 17
.
12% Jan
108
No
V 8 Steel Corp
Preferred
51
54
25% Jan
Dec
——i—
27%
27%
27%
*50
—i.
2.100
42.500
", 7% Jan 29
10% Mar
Rights
16074
83,
2674 Feb/ 21
3
-471/2 Jan
8% non-cum 1st preferred—-100
88%
12
50% Mar
'
U S
160
Jan
Nov
40
109% May
;/14% Feb 18
4% Jan
22% Mar
2
2
118
1
U S Industrial Chemicals.—No par'
'U S Leather Co
2.400
*87
Feb
35% Feb
100
U
8874
8274
86
26
£—20
6,500
73%
26
Feb
11% Jan
No par
5.G00
180
Feb
30
10
674
73
31%
9
73
UOO
i.
68%
160%
81%
160
No
Corp
$U S Realty & Impt
*177%
23
104
9
Jan
5
Faperboard
6
67%
*176
83
preferred
■
68
6
6574
73
88%
„
..
100
53
182
160
12
52'4
63%
72
82%
110% Jan
41% Jail 15
115
Jan
5
59% Feb
400
16%
*11%
176
158%
1.400
1674
71%
160
1.700
38,200
11
11%
52
63%
51%
*10%
38 74
16
52
65%
25
U S Hoffman Mach Corp———.8
5%% conv/preferred—50
'
*1174
"
5174
331/4 Feb
——3
U S Gypsum Co..
•7% preferred
2.200
1,800
116
11 r
'
16%
*62
50%
Dec
Dec
par
Cos
U.S..Freight Co
64
*62%
51%
17«
62%
200 >4
179
Foreign Secur
—.No par
$4.50 preferred —,—..—No par
110
31
64
*1074
38%
'
3174
120
*204
31
50%
12
.
119''
120
30%
10%
15%
6%
*
300
*62%
12
65%
181
220
*23%
5074
16%
6%
*176
72
106% 10674
*204
Dec
13
U S &
30%
12
65'A
6
64%
7.700
174
1074
*11%
26%
5 %
80
2474
38%
120
Jan
Jan
Jan. 18
54% Jan
2
25%
107
Aug
Sep
-
6
25%
*23% -•24%
25
37% Jan 28
119
Feb
United
106
Nov
58% Feb
1.600
24%
45%
28
1074
107
1
11
c
Aug
47% Mar
1074
108
29
23 % Jan
*
108
9
United Gas Improvement Co.—13%
United Merch & Mfrs Inc com
1
10
64
50%
4.700
Dec
42% Jan
IIOV4 Jan
108
118%
2974
4.200
5074
112%
par
24%
204
30%
'
3.000
*107
25
204
29
118
151
Jan
100
Coal
Dec
27%
Jan
100%
—100
United Engineering Si Fdy
United Fruit Co
20% Jan
109%
144% Feb
-
Jan
Jan
8
26
24
117%
7
26
>
Oct
Dec
116
111% July
27% Jan 15
20
30c
Oct
77
26 74
102Va
119% Mar
Feb
par.
"
1681/2 Feb
31% Feb
42
r
Jan
5
11174 Feb
No
Corp—J.
14%
17
Mar
26
—10*
100
:
58% Jari
•
37% Feb
Cigar-Whelan Stores
10
117
-204
28%
107%
10
24 74
115%
*61
lis
Ut
11%
106%
10%
118
500
11
16
!»
—.100
preferred
Preferred
United Electric
5.200
4674
25%
4974
19%
,
25%
49
117
8.200
13,000
119%
25%
24%
204%
1974
46 %
45%
4754
106 %
28%
19%
*
26
109
10 %
23%
45%
4874
25%
X48
116
19%
19%
46%
115%
64
*38
*45
50%
113%
53%
52%
19%
47
115
24%
30
*61%
19%
1061/4
204
*29
80
1974
'
conv
Jan
27% Feb
109% Jan 15 ? / 78% Jan
115% Feb
5
xll0% Apr
No par
Prior preferred
20
United Corporation—.—.No par
$3 preferred—
i
No par
United Drug Co
9
United Dyewood Corp
i
900
30 %
10%
*114
86.100
49%
110
23%
115
25%
5%
29%
50
2
preferred
United
17.300
49 %
23%
23%
113%
f
26
77
8
112% Jan 24
i '
No par
13%
■.
237'b Feb
140% Jan
No
*1274
IO6V4
107
5%
13 %
50
24%
*106%
5%
108
United-Carr Fast
2974
26 Va
10
25%
5%
25
United Carbon Co..
49%
114
*109
25%
5%
115% Jan
Feb
100
2874
49
10%
25%
5%
5%.
25
106
800
80 %
33%
-
*12%
25%
110
13%
80
*32%
12%
50 %
50%
13%'
25%
25%
13%
..
25
1121/4 Feb
23
23
United Biscuit Co..
1
112
*107%
78%
33%
13%
13%
-
112
33%
4%%
1.200
28%
257/4
2574
*109
13%
*77
112% Feb
United Air Lines Inc
400
,
49%
80
*73
19%
47%
5%
78
36
33%
*31
2574
5%
49%
112
*10774
33%
150
36
36
35%
*107%
10.600
*146
No par
United Aircraft Corp—ii
5% conv preferred
100
457b
3
26
No par
No par
Union Tank Car
10.300
116%
44%
149
200
1.300
-.33%
*115
45%
149
3574
33%
116%
44%
Jan
Union Paciflo RR Co..—^...Ju^lOO
A% hon-cum preferred
—100
2.100
•
39
*3774
33
32%
9.600
11974
68% Mar
98% Feb
,
Preferrd $3i70 series.:
Union Oil of California—
80
2474
-
119%
No par
No par.
No par
;
Union El Co of Mo $6 pfd
Preferred $4.50 series;
40
1
14974 150%
38 %
*115
'
150
*147
3574
79
*31
38%
44% •'45%
150
3474
112
33%
77%
*31
39
32%
*114%
116%
43%
152
34
34%
*107%
116%
42%
4474
38%
3274
•
,1;
Underwood Corp ^
Union Bag &;Paper,
Union Carbide & Carb
20
11474s
103
24
119
32%
;
*114
150
120
38%
115
*107
.
24
149
38
150
23%
*118
38
43 74
*113
115
120
38 %
113%
*113
23%
68%
*
149
*11774
38%
*143
70
24%
101%
113
114
113
7074
24%
10274
24
101%
*106%
70
7074
101 %
24%
101%
114
70
!
105
Aug
Sep
"
165
Dec
.
:
Dec
110%
Sep
110
Dec
20%
Feb
874
Jan
1474
Dec
874
Oct
16%
Dec
Oct.
105%
Dec
35%
Dec
50
Dec
9174
13 '
2974
Mar
Apr
-a
.—
•-
■■-
>
.
•
Monday, March 11,-1946
FINANCIAL CHRONIGLE
THE COMMERCIAL &
TH
1304
'
'IS# 5SIH#
lilfl
NEW YORK- STOCK RECORD
Mar.2
S per
% per share
share
!*19%
•20%
30
41
v
;ij'
13%
37
•35%
39
,
110%
38
10% *10%
34%
40%
--
15%
64
48%
94%
33%
>
37%
37%
34%,
*34%
10%
16%
17
•V
99%
19%
107
*70
75
*70
104
*98
75
105%
...
38
37%
*85
88
34%
•34
35
,
11%
*10%
ii
;
21%
17%
16%
17%
*100
142
*143%
17
19%
100%
100%
100%
400
19%
19%
19%
800
*142%
—
37
37%
40%
56%
52%
57%
53%
13,200
53%
36
36
57
55%
56%
51%
52
52
95
•95
97%
*95
97%
*95%
52%
97%
*93%
99
♦94
97%
*93%
96
*94
96
95%
94
*91
94%
51%
51%
95
i
.
98
97
•94
1^77111,77.
V
«/■'/ 78
93
94
94
,
52%
52%
"96
98
96
98
97%
1.300
400
96
i
200
94%
77%
31%
78%
30%
30
78%
31%
"52?
800
77%
77%
78%
78%
30
30%
31
30
30%
30%
44%
44%
*44
43%
44%
43%
44%
22
22%
21%
45
22%
800
44%
22%
30. ;;
63%
25%
22%
23
23%
23%
4.500
*30
3Q%
*29 %
•29%
31%
600
64%
26%
30%
64%
30%
63%
64%
9,900
26
26 %
2,000
36
36
36%
3,800
35%
12%
11%
12%
6,300
12
29%
28%
78%
77%
25%
'
29
r,
•44
22
63%
64%
63%
26
26
25%
26
36
36%
36
36 ..d
12%
62%
30%
63%
35%
29%
12%
12%
12%
12%;
26
j-
♦Bid and asked prices; bo
sales on this day.
.
&i
y
.j.
36
Xll%
*
3,900
f.
w
-
-
Totat
united State*
Government
Foreign
Bond*
Bonds
Sales
518,700
964,910
,
$175,000
256,000
16,000
4,648,000
4,137,000
159,000
12,000
3,897,000
4,956,000
335,000
10,000
4,308,000
4,242,000
331,000
5,550,000
5,280,610
.i.......
$2,381,200
' 3,429,000
4.376,000
965,570
Saturday
Monday-
ij Bonds f-
$23,176,200
1,044,660
885,550
Tuesday.
Wednesday
901,220
Thursday.
Friday
TotaL
:
277,000
.
263,000
■■
5,280,610
180,610
Bonds
/„
listed
on
'y'
InduaDate— :!••'".•/:■
March 2_
s
.
trialc
v
188.73
March 4
190.49
March 6
190.28
March 7
191.46'
March 8
193.70
Feb
25
;
Total
Rail*
tJtilW
65
2
56
Feb
2
96% Feb
ttar
Stocks
trials
'
i-
33% Feb 25
39% Jan
30
Jan
29
41% Feb
28
Feb
26
$609,867,600
$345,673,500
106
70
45
.
and bondi
& Co.
Total
10
Grade
Utili-
Ralls
ties
Bond*
7
Dec
Thursday
Friday
78
Feb
Jan
:
Dec
h
Jan
103
30
21%
28
26%
Jan
47%
Dec
8%
Jan
18
Dec
83% Jan
94
Jun
95
Jan 24
35
Jan
29
31%
Jan
30
Dec
35
12% Jan 29
6% Mar
Feb
26% Jan 16
16% Mar
26% Jun
19% Feb
10% Jan
19%
Nov
22
Dec
26
16% Feb 26
21% Feb
7
19% Jan
142
5
Mar
Feb
5
13% Jan
128
Jan
138% Dec
22'/4 Jan
37Nov
40% Jan
53%
Dec
Jan
9
38
Jan
70
Nov
98
7
Jan 29
65
26
91% Jan
Dec
59,
50% Feb 26
50
7
Mar
40% Jan 14
Feb 26
34
12
100% Feb 21
99% Jan 17
142
5
Mar
7
79
Jan
100
Nov
93
Feb
9
98
Jan
24
80
Jan
100% Nov
91
Jan
18
106
Feb
4
75
Jan
110
77
2
20% Jan
88% Feb
18
4
Mar
38
28
13
Jan
49% Jan 30
43% Feb 26
Nov
.
84
23% Dec
69% Mar
Jan
32% Jan
*
Oct
47%
Dec
21% Feb 26
27% Jan 31
13%
Jan
24%
4
35% Jan 17
19% Jan
31 %
Dec
62% Mar
4
74% Feb
39% Jan
70%
Dec
25
2
31
5
Jan 29
20
Mar
27%
Sep
34% July
5% Jan
44%
Dec
12%
Dec
28
Jan
Jan
35% Feb 26
42% Jan
15
10% Jan
13% Feb
6
3
Oct
y Ex-rlghta.
Exchange
Stocks
(ParVatus)
Foreign
Foreign
Domestic
Government
Corporate
$256,000
251,000
253,000
324,000
334.000
197,000
$26,000
416,890
$1,615,000
Total
$282,000
280,000
29,000
272,000
$3,000
16,000
402,000
78,000
*13~000
401,000
$16,000
54,000
$1,874,000
237,000
40,000
$243,000
Jan. 1 to March 8
1945
1946
1946
2,329,035
2,546,001
43,980,855
$1,615,000
243,000
16,000
$3,714,000
1,765,000
28,000
$20,400,000
3,113,000
119,000
$1,874,000
Stocks—No. of shares-
1945
$5,507,000
$23,632,000
26,839,226
;
Total
i
40
100
10
-
100
City Banks & Trust Cos.
Bid
—10
-10
's
.
i
Lawyers Trust
47%
Manufactures Trust Co com—20
50%
(J P) & Co Inc
National City Bank
22%
New
71.04
106.34
118.91
101.72
109.76
109.18
Continental Bank
71.70
106.37
119.01
101.86
109.75
109.25
Corn Exchange Bank ft Trust-20
39.36
71.63
106.41
118.97
101.90
109.80
109.27
Empire Twist
nil
119
>124
109.81
109.27
Fiduciary Trust
10
42
45
109.79
109.41
First
100 1,810
1,870
->
101.90
102.39
■
National
Bank
10
21%
61%
;,64
York Trust
Public Nat'l Bank ft Trust
100
12%
,
United States Trust
355
20%
2,000
52
61
63
325
.331
44%
25
108%
17%
.
45%
Sterling National --—-—...,'.25 ,' 89
Title Guarantee ft Trust
; 215
19%
.100 1,950
49
-25
44
38.98
Trust
346
.100
Irving Trust
Bangs County Trust
39.41
ft
'
Grace National
62.23
47%
'
190
Guaranty Trust
Morgan
.20
Co
200
>
118
Ask
eta
JL00
49%
134
Commercial National Bank ft
Trust
Trust-
.100
440
47%
129
45%
Fulton
$52,238,000
■
Far
Ask
34%
428
Central Hanover Bank ft Trust 20 .114
Chase National Bank—
15
42
Chemical Bank & Trust
:;
32%
$34,648,000
17,389,000
201,000
,
12
24
100
770
.
i. >
'
Oct
Feb 26
2,329,035
10
I
Oct
10
—»
Bank of the Manhattan Co
Bank of New York
;i
Jan
20
-
PAP- p:-P :"■■.•<- Fat
;
47%
Jan
Feb 26
85
223,715
469,585
379,935
407,200
431,710
Total
?'
ii
;:
107%
Jan
,
x33% Jan 17
61.91
119.09
87%
P:
105% Dec
101% Aug
31% Jan
16
Dec
43
Jan
11
Jan 16
32
44
14% Mar
109.21
119.01
64
45%
Oct
19% Jan 30
27% Ffeb 26
35% Feb 26
109.71
106.38
Jan
•
'■
—
-
Brooklyn Trust
Balls
,106.35
100
104% Feb 14
98% Jan 21
-
Bankers Trust
Bonds' ■/■<»
Second
72.71
28
58% Feb
3
Jan
37% May
50% May
Shares)
New York
10
72.15
Jan
72
105% Jan 19
101.83
\
(J}
42
107% Jan 31
5
,
I
Oct
Dec
30% July
27% Feb
48% Feb 11-
37% Feb"" 9
103% Jan
118.93
40.13
45
25
,
OCt
35
V 38%
37% May
Feb
106.36
I 62.631
56
-
Jan,
27% July
31% Aug
71.03
/p 62.6Q^
26%
'•
40% Jan 29
38.80
39.92
43% Aug
14
14
;
57% July
92
: Jun
Jan
33% Feb 26
40
Jun
37% Jun
Week Ended March 8
Grade
.
1
53% Jan
32% Jan
15
1
Dec
14%
Jan
64% Jan;
'
45% Feb 26
Dec
3%
13% Feb
14
31% Jan
115
-61. Dec
30%
.4
Foreign corporate
First
tadUd-
roads
4%
:■[
Dec
.
Bonds
10
10
Dec
32% Jan 17
26
87% Jan
-
$52,375,000
ii.1.1
Jan
3
32% Jan
16
46% Mar
-
49,195,300
i.ii.n.
,13% Jan
6
106
*
62.21
188.46
March 5
8
Foreign government-
k*
-i
i'„
stock*;iny.;r-'
61.86
9
Mar
Domestic^
II
:
Jan
67
9% Mar
8, 1946
—-
*100,600
-
.
30
35
2
Bonds
$25,054,700
",.;• /.
Jan
25
Jan
Dec
40
OJ
3,079,100
are
SS
115
Feb
57
AJ--.P
Saturday-Monday
Tuesday
Wednesday
I;
i ;
Oct
Dec
-
84,354,^58
the daily closing averages of representative stocks
the New York Stock Exchange a$ compiled bjr Dow, Jones
S
■
7
27
Jan
Daily, Weekly and
Stock And Bond Averages
Below
2
■
:76,200
23,176,200
,
Feb
44
112% Jan
—No par
—1
H
$413,500
13,500
Foreign.
Railroad ft industrial—.
7 -V
113% Sep
22% Mar
1945
91,705,722
8,893,222
118%
112
118%
109% Jan
101-
119% Feb 18
«Bpeclal sales, wd When distributed. x-Ex-dlvidends.
1,465,000
:65,000
O. B. Government
Total
■:
1946
1945
I
7v.'./-■;'
6
113% Feb 11
10
Jan. S to March 8
'Week Ended March 8
Stocks—No. of Share*-.——.
$25,054,700
$413,500
$1,465,000/
1946
1940
32,500
122% Feb
23
35% Feb 26
Wilcox Oil Co8
Willys-Overland Motors
1
Wilson ft Co Inc.
No par
$4.25 preferred
No par
Wilson-Jones Co—
10
Wisconsin El Pow Co 6% pfd—100
Week Ended March
$2,568,200
3,738,500
$12,000
4
Jan
h
Shares
Week Ended March 8,1M6
113% Nov
117% Jan
1
180
Zenith Radio Corp—
Zonlte Products Corp
h
Bond
f
100%. Jan
43% Feb
Transactions at the New York Curb
::
>u»
Stocks,
t} Railroad v ■■
Number of and MlsceV i
10
Yale ft Towne Mfg. Co
28
York Corp—s
1
Young Spring ft Wire.—
No par
Youngstown Sheet ft Tube—No par
Youngstown Steel Door
No par
Transactions at the New York Stock Exchange
Daily, Weekly and Yearly
37-/ Nov
Jan
115% Jan
Preferred
.——12%
Weston Elec Instrument
-12.50
Westvaco Chlorine Prod
No Par
$3-75 preferred
No par
delivery. nNew Stock. tCaSh »I».
a Deferred
Xm receivership,
23% Mar
115
Woodward Iron Co
—
10
.Woolworth (P W) Co__
10
Worthington P ft M (Del)—No par
Prior pfd 4%% series
100
Prior pfd 4%% Conv series—100
Wright Aeronautical
No par
Wrialev *Wm> Jr fDel)
No par
Wyandotte Worsted Co
1
1.800
56%
35%
56%
36%
M
•
10
*142%
—
55%
95%
*94
10.100
19%
36%
54
1,000
9.100
*99%
19%
5
3
110
.
21% "21%
17%
17%
55
53%
5,000
—
;
10%
*34%
34%
36
37
3,100 r
15%
14%
14%
f
100
.
38%
88
*85
•35%
54%
51%
•36%
29
*28%
X37%
14%
15%
88
290
V;
•; f
1
2
Jan
•
'
Wheeling Steel Corp
No par
$5 conv prior pref—
No par
White Efental Mfg (The 8 8)——20
White Motor Co——
1
White Sewing Mach Corp
1
$4 conv preferred
No par
Prior preferred—
20
2,200
103%
29
38
*28%
29
103
101
X101
103%
,
Nov
89% Nov
Jan
100
Wheeling ft Lake Erie Ry
5%% conv preferred
—
,
48%
48
48%
X47%
74%
104
■
10
107
21%
100%
19%
142
500
10%
17%
19%
500
*105
♦105
1
360
42%
"39%
"
39%
40%
*101
107
48
42;; ■c':42::-y
*42
42%
40
21%
17 Vs
*99%
19%
*142
"
10%
21%
?/'■
25.200
21
*34%
34%
10%
21%
21%
-
15
*85
10%
21%
17
100%
19%
19%
*93%
37%
88
•85
'&
21%
*28%
38%
15%
15%
15%
88
10%
•102
29
*28%
38
*34%
47%
48%
101% 102
29
10%
*70
*101
105%
48%
,
*105
75
•70
101%
34%
16%
.40
106
40%
*101
35%
42%
41%
40%
47%
88
*41%
*42%
42
41%
106
♦34
34%
41%
75
15%
34%
41%
*28%
.
34%
38%
Apr
11
Westlnghouse Air Brake
No par
Westlnghouse Electric Corp-—12%
10.300
C.,34%
34%
'34%
Jan
1
87% Feb
class A_No par
No par
Class B
;
33%
34
,41%
106
106%
101%
,
•
29
Preferred series A
Western Union Teleg
i
8.000
46%
45%
*27
33%
41%
•39
*
29
1.100
94
%
94
94%
46
Dec
24
84%
41% Feb
Western
1,700
-16%
3
Western Auto
200
26%
*49% j 50
33%
41%
•
40
♦85
—
34%
42%
;
93%
*27
1.400
47%
May
16% Jan 31
14
Supply Co
10
Maryland Ry
-——.100
4% non-cum 2nd preferred—:10O
Western Pacific RR Co com—No par
Lines,
Air
Dec
Jan
9
47% Jan 31
30%
Dec
Dec
Jan
1
preferred
3.200
25%
49%
Inc
4%%
Western
32
33%
;
36
No par
100
60
2.600
10
45%
29
V
pfd
:
Mar
112
100
.—100
100
Co
25
33% Jan
,
1
A—No par
West Perm Power 4%%
Feb
21% Nov
14 % Aug
24% Jan
20
87
No par
preferred
preferred
1
S'
34% Feb 10
13% Feb 26
"
Indies Sugar Corp—
West va puip ft Pap
2.300
28%
67 •;',
114
65
.
31%
35
41%
•85
gf *142 £f.
33%
34%
94%
46%
■*27
•
10
9%
25%
49%
48%
46
30
•27%
10.
25%
48%
94%
,
95 ;
46%
95
•;-..-v'46%
9%
*24%
50..
,
29
...
27
'46%
•10%
;
10%
10
-
130
>
38%
38%:
28
64%
ti *24%
49%
,
114
115
63%
25
90
114%
22% Feb
9
$ per share
t per share
33% Feb
40
—No par
preferred
West Penn Electric class
'
38%
38%
*114
63%
47%
L
21%
39%
115
64
*101
28Va
38%
15%
37%
•114
114
62%
••"*70"*
102
28%
38%
38%
37%
*
10%
*105
106
102
118
60.
*38
48
118
119
28%
40%
75
47%
6%
West
•
28%
*41
40%
♦104% 107
•
7%
120
•118%
34%
•38%
•101
150
111%
28%
■M 33%
41
•70
118
110%
118%
45%
42
.42
117%
.
28%
*27
34
34%
*114%
118
111% 111%
118% 118%
•93 .;
29
33%
114
118
111%
114
100
16.200
*86%
"
88
118
,
88;
■;.■ 41% ■;,42%
S4 conv
$ per Share
18% Jan 24
Jan
Highest
Lowest
Highest
■
share
28T» Feb 26
—£
Year 1945:
"
k
30
5
Wesson OJ1 ft Snowdrift
600
42%
*110%
117%
Lowest
Inc
Tobacco
Webster
41%
113%
111%
118
'
1.400
38"
*36 ,;;f
Range Since January I
" $ per
r
Par
''
Washington Gas Lt Co
No par
1100 ti Waukesha Motor Co—————5
700 V Wayne Pump Co
1
*86
•113% 114
114'
13%
>
.
88
*110%
117%
'f.P. A
Shares
41%
29%
1^-48%
46% ; 46%
•27
40%
28%
25
:^:46%-47%
94
: 94 ' • ■si
*86%
90
30%
42%
1$%
f
13%
36%
27%
?$Sl 10
-
25%
*23%
36%
42%
*
34
42%
30%
42%
' 60 v '
V("
62
*60
37
*33%
V
30%
34
*26%
-
127%
•26%
37
42%
*33%
30%
118%
115
*114
36%
AjA
2Wi ''-.vf:2i^'21%^'3.100 * Warren Petroleum Corp
13%
•113
38%
38
115
13%
41%
119 ?: 119
38
•114
13%
*86%
:
40%
110%
=
13%
36%
,
114
:
114
116% 116%
119
•118
,
ir
,110% 110%
41%
30%
41%
13%
!v
,
30%
41%
•29%
41%
;
67
39%
118
34
NEW
Range for Previous
'■i0i
-
*ptfae Week ^ ^ ^: E
per share
;
YORK STOCK
EXCHANGE
Mar. 8
^
share
"
21
*33%
30
v
37
*86%
?
% 113% 113%
117
*35%
21%
34
13%
13%
-
„
87%
39%
87%
30<
41
21%
21%
*33%
$ per
share
Sale* for
Friday
Thursday
'
■
Mar. 1
$ per
share
20%
34
*29%
vM'
% 30% ;
41
21
•33%
20%
*33%34
13%
$ per
"
Mar. 0
Mar. 5
V
Mar. 4
•
Wednesday
Tuesday
Monday
.
Saturday
•
:smsM
STOCKS *
8ALR PRICES
L0W AND 3WGB
46%
¥.112%
47%
t 93
-
25%
.800
:
r
EHTW
COMMERCIAL
Number 4471
Volume 163
Bond Record
1305
New York Stock Exchange
«»
FRIDAY
-
& FINANCIAL CHRONICLE
WEEKLY
-
YEARLY
-
defaulted bonds. Cash and deferred delivery sales are disregarded In the: veek*a: range,., unless they are the only
£ the ved, and when outside of the regular weekly range are shown In a footnote In the week In which they occur. No account Is taken of such sales la computing the range for the
The Ifollc letters In the column headed "Interest Period" indicate in each cats the month wh«n *h# honds mature.
NOTICE—Prices
are
"and
interest"--except; for Income and
...
iff
FOE WEEK ENDING MARCH 8
bonds
,
Interest
I
•
.
'
*A
Vm
Period
//-y^/*'/-
•
•
8. (nttfSUMt
Treasury 4y4S___-lM7-188t
Treasury 3%s
1948-1956
Treasury 3V«s
1946-1949
Treasury 3 Vis
1949-1953
Treasury 3s
1946-1948
Treasury 3s
1951-1959
Treasury 2%s_
,
1955-1960
Treasury 2%a
_1848-1951
Treasury 2%s
1951-1954
Treasury 2%s
1956-1959
Treasury 2%s
:
1958-1963Treasury
'
A 1
_
laso-iasa
Treasury 2%»
1948
Treasury 2%s_
1949-1953
Treasury 2Vis
;
1950-1952
Treasury 2 Vis
1952-1954
Treasury 2Vis
1956-1958
Treasury 2Vis
.1962-1967
Treasury 2Vis
'
?$>63-1968
Treasury 2 Vis
—June 1964-1969
Treasury 2Vis
Dec. 1964-1969
Treasury 2Vis
1965-1970
Treasury ?%s
1966-1971
Treasury 2Vis
June 1967-1972
Treasury 2 Vis
Sept 1967-1972
Treasury 2Vis
Dec 1967-1972
Treasury 2%s
.1951-1953
Treasury 2%s
1952-1955
Treasury 2%s
1954-1956
Treasury 2Via
1956-1959
Treasury 2 Vis
June 1959^1962
Treasury 2Vis
Dec 1959-1962
Treasury 2s
1947
Treasury 2s
Mar 1948-1950
Treasury 2s
Dec 1948-1950
Treasury 2s
Jun 1949-1951
Treasury 2s
Sep 1949-1951
Treasury 2s
Dec 1949-1951
Treasury 2s
March 1950-1953
Treasury 2s——
Sept 1950-1952
h.
^
V
Treasury l%s
Treasury
;
IVis
100.30 100.30
M-S
;
*106.1106.3
-
*116.22
118.15
M-S
*104.23
*106.17
*107.17
107.19
M-S
*107.10
107.12
107
61
60%
60 Va
61%
61%
60%
63 Va
60%
61%
60V#
63%
60%
60%
M-S
*110.7
3%s Series
106.23
*106.9'
109.11
103
10
;
106
106.4
106.8
20
102.22
105.29
106.5
15
102.11
105.30 106.5
9
102.11
104.30
104.30
4
101.16
18
108.30
104.25
104.28
'4
101.15
105.4
*107.23
107.25
J-D
*105.1
3-D
-
„
1976
1978
J-J
1960
A-O
*103.23
103.27
J-D
*103.29
103.31
M-S
*104
*104.5
'
103.9
-103.9
■
a
*104.23
104.14
104.26
104.21
104.10
102.2
101.30
101.17
107.18
*102
102.13
New
York
3%
A
City
A
125 Vi
__Jan
..:
Jan
sinking fund 6s
124% 125%
Telephone
120
REcior 2-2300
Teletype
NY
Broadway, New York
.1968
•
.1957
AGtd sink fund 6s
P-A
78%
A-O
*78Vi
M-8
(King of Norway) 4s
1968
AAntloquia <Dept) coll 7s A—.—1948
A External s f 7s series B.—
1948
AExternal s f 7s series C
1949
A External 8 t 7s series
—.—1945
AExternal s f 7s 1st series.
1957
A External sec 8 f 7s 2d series—1957
AExternal sec at'7s 3rd series—1957
Akersbus
101
3-J
—1955
79%
"97'/«
36%.
37
36%;
36%
'
*36%
*31%
37
-
36%
3-J
36%
A-O
A-O
A-O
31 %r
31%
31% *
*105% 109%-
3-D
•
1
31%
31%'
3C%
32%
31%
;
M-y
102
102*
97 Vi
A-O
.
109
Q?3;t
M-N
A-mw 109 %
:
.
>
M-S
M-N
ioiy2
102'-
M-S
.
-
:
'V
v
10^%;- S
*
.J~y:
.M.
105%
101 ^
I
38
103%
105
-20%
22%
?
•
22%
v.2ic;
v*
30%
21
.
J-D
-
69>/s
69%
■
.
64%
22V#
l
.
Stamped pursuant to Plan A
# i *
(Int reduced to 3.375% )—1979
AExternal s f b'/as of 1927
1957
Stamped pursuant to Plan A ,;;;
.
-
.
y
A-O
Stamped pursuant to
:
1978
•-i. i-:-
A-O
-
-
-
A-O
60
•,
68
'jfctp: 3 ' ;
...
.
-
-
f"
3
-
^60«%. ;
762'%:
-
A-O
«/(?»■
A-O
~2
60®/#
61%
W/s
61%
67
*50
M-y
y'
*50
F-A
——
J-D
93
;
95
89
91%
37%
M-N
38%
M-y
M-S
*103'/,
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•
■..
J-D
115
r
I
J-D
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103
162
69%
'
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;
,
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1940
A-O
1961
69 V#
2
..
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:
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,
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102%
103
102% 102%
102%
102%
_.
♦102% 110
J-J
M-S
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19%
18
A-O
17-, .17%
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100
stamped—^—.1949
1948
A 7s
—
a6s
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—1964 i
paid--
(Republic)
50
/
50% 50%
•111 0111
.
part paid—
part
*35
a
A-O
4
'
3¥*6
Series No.
■r 3%s Series
3%s Series
2—..
61%
No.
No.
?
.
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.
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No.
5
3%s
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No.
6-
**it 8eries No. 7-.
Series
Series
No.
3%s
60 Vi
0
Series
No.
3%s Series
No.
,
*77
*102%
M-y
69 '
(State Mtge Bk) 76^1957
6%s
1954
A-O
3-D
A 15%
31% ,31%
3-D
(Colombia)
7
A Assented
-
A Mexico
•*96-.99,
(US)
*
M-y
-1943
Nov* 5. 1942, agree r
extl 5s of 1899 £—1945
to
•
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f 0-0A,Vi
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13%
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mm****
;
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Q.J
Q-J
AAssentine 5s of'1899....*
—1945
a Assented
to Nov. 5, 1942, agree
*21%
*16%
'
a
III/
..
if
—
v.
62
For Financial Institutions
3%s Series No. 13—
no.:
14..
No.
15
344*
Series
No
16
footnotes see page -1309.
58;, r 58%
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61%
2
67
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FOREIGN SECURITIES
SPECIALISTS
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fr. v
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t 61,. V 63 ,.H
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113
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108
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.
112
1952
1955
96
89
108%
V'
A.1951
J-J
52
37
112
„
51 Va
51%
92 V#
115
112
:
51%
108
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61%
-
51%
.■
:
1945
ser
58%
51%
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——
82 Va
81% ' 82%
i
■■
-
60
J-D
58
60 v2v >.
17
5
68%- A A i-
,
4,
■
funding bonds of 1931 : ;
pursuant to Plan A
;
j
reduced to 3.375% )
1979
External 9 bonds of 1944 (Plan B)—
J44s Series No. 1
•
66
•
..—^.1953
Plan A
f
:
(Int reduced to 3.5% ).
61..
60%
37
81%
82%
'
-
1940
AMed'eilln
;
(Int reduceo to 3375%.).^—1979
A7a «Central By).——.
;
23%
30
,
*81
J-J
Mendeza (Prov) 4s readjusted.—.1954
M.
A-O
24%
.,18%
•
30 V#
'
lAJufedsIavia
r
-
3-D
25%
25 Va
;
>-
aikVkii
>
25/
24%
V/A" i 2
21%
25.%
UY21%
3
"
lABrasil (U S of) external 8s——.1941
: .vBtamped pursuant to Plan A 5
(int reduced to 3.5%)_.
,.1978
AExternal « f bvis of 1928-—*.1957
1
.
23%
-•'1
y'/i.
:/23%i.:i
22
A-O
1938:
f 6s series A—1952
Helslngfors (City) ext 6%s——1960
'-Irish' Free iBtate extt« t■
:
.109
106%
,107
*107%
*113;..
■>
23 V4
23%
—
,
25V/4
T
102% 102%:
Haiti
103%
25
■
"
5%s
unstamped—
Greek, Government—
,
;
23%
•;:A 21
10
.
1
24%
a; 2314
ASstonla fRepublic oiD 7s—-«^;wl967
f:
8
26 Va
French Republic 7s
49-
■
22%
A-O
I A2d
y yy
*107%
J-J
J-D
105 Vh
105.
23
22%
n
M-S
.
25
26»%
■
Hit
103.
22
•'
1962
Vv
54
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101%
7.
25
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3-J
32
102
101% 102
97:.
97% i.;'
'
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21%
24%
1
■
1948
5V2s
;
25%
:
y$y 1
(Republic of)—
78
M-y
25
Customs Admin 5%s 2d series
?
...
26%
24%
;§2i%
15
24%
—
J-D
IA Dominican Rep Cust Ad 5%s
IA 1st series 5%s of 1926
31 Va
120
113
24%
23%
24%.
21%
::
w: >
M-S
5%s
External gold 4%s
;
;-24%
-
:-
v.vsao;
23%
.
M-S
External gold
31%
31
'2.-;
24%
M-N
.1901
•36%" '36%.
36%
36%
37% ''
24 %
24%
26%
25%
26%!
■
21%
,
'
J-D
.1960
:
102 >
36 %
J-J
1948
;.,1955
,
789'B
102
36%
36%
.
'
Belgium external 6Vis.
■ External- it t;6s
External s f 7s„
79%
77/-■ 79 %
3-J
A Antwerp (City) external 5s——1958
Argentine (National Government)—
8 f external 4Vis
:
—1948
S f conv loan 4'/aS
1971
8 1 extt conv loan 4s Peb
1973
->■' 8 f ext! conv loan 4s Apr,—.—1971
Anstralla (Commonw'lth) 5s of25.1955
External 5s of 1927
—.1957
External g 4Vis of 1928
1958
H
77
33
A-O
IA Denmark 20-year extl 6s—1940
1841
1948
AGtd sink fund 6s
23%
24%;;
•
A-O
.1968
24 V4
26
1%
23
.1961
26%
26%
0:22%
?'V- 21%
f
>
23%
.1966
(Hukuang Ry) 5s
wks
V"j.;;:'-
i
24%
23%
Chinese
Public
-
23y», 240M.
^ 16
24 V4
24% - :A mm i
23
.1968
(Rep of) 8s
ASinking fund 8s series B
(Colombia)—
23%
Uyi
J-D
.1961
23
21%
•
riiii;
24
't
J-D
Chilean Cons Munlc 7s
A7s assented
Municipal
Agricultural Mtge Bank
k',
.
A
Qi;i. 8
29
J-D
.1961
A Czechoslovakia
Foreign
24%
.23 Vi
.1961
■
--
24%
.1957
assented
63%
.211/4
15
24
102.
24%
M-N
f
114%
;;,;22
M-N
1963
a6%g assented.—
111%
101 Vi
?
112%
63%
22
y/S —:
.'..'i'eiw'i.'ii'f
23%
A-O
1963
6s.!
Copenhagen (City) 5s
_1952
25-year gold 4Vis
—1953 fe|
A Costa Rica
(Rep of) 7s—
.1951
Cuba (Republic of) 81 of 1914
1949
{
External loan 4%s
u——19494%s external debt
u
1977
8inking fund 5%s
1953 W
1-1693
if if 6
if.'A'i
78
110%
A-O
; A6s pf 1928—
..:.Qct 196II
A 6s of 1927———
Jan 1961
:
3s external s f $ bonds
1970
AColombia Mtge Bank 6%s
1947
ASinking fund 7s of 1926
.1948
a Sinking fund 7s of
1927.
1947
Members New York Stock Exchange
74%
•
M-S
a
Wertheim & Co.
96
,
iff?;
'•
J-J
A
Foreign Securities
93%
31
90%
114% ; 114 A 114%
of-' 102
102
AI;
••
59%
M-S
Guaranteed sink fund 6s..
A 6s assented—...
Colombia
94 V*
90
28
ft!'
J-J
.1968
assented.
a 6s
112
F-A
1961,
1961
Sep 1961
AQuaranteed sink fund 6a.. r
1257/a
12098
199
1961
..JSep 1961
assented
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Issue—
Corporate stock..
74%
F-A
Feb
f bs
95 y#
14
,
A-O
—Feb 1961
AChile Mortgage Bank 6V4s.„
:
A 6 ViS assented
;
5
Transit Unification
s
95 y«
87
■
112%
A-O
assented
a 6s
102.17
*107.16
95%
86 Va
13
93%
M-y
fund 6s
AExternal sinking fund
a6s assented..
101.30
102.17
104.26
90
A 90%
112 V#
J-J
1948
102%
102%
104 >;
a
74 V»
M-y
.
100
.
90
•
62
102 V#
89
87
90%
J-J
f 7s___ 1948
104,29
104.26
W
s
AExternal sinking fund 6a.
104:14
104.25
104.21
86%
:'t
..
62
102
94
; 103 V#
.90 '
J-J
I960
1960
assented
a 6s
103.30
el04.12el04.12
J-D
6s
AExtl
4O3J20O4> :i
J-D
102.17
1061
1948
15
assented.
a 6s
.1
103.22
103.7.
104.7
J-D
77'r.;-
,■..
8s
(Rep) Extetttal
ARy external
'ft/..-mm
104.2,.
M-S
J-D
(City)
Aixti sinking
103.22
*103.25
J-D
:
7
..
Jan
a 6s
.
103.25
*103.20
M-S
J-D
.
AExternal sinking fund 6s_—« 1960
102,18
„
external if I bonds
A Chile
102.13
J-D
M-S
f 4%-4%s
87%
i.
60%
■
ff I 6
102%
.
61 Va
'iiLi
fvi i
i;;;i 15
102
,
.;Uew'l
v:
ii,;
0/ *95% 110
M-N
1984
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103.6
J-D
103
J-D
F-A
^7s assented—
*102.11
-
103
1950
M-S
103.9
*102.16
„
M-S
102%
101
if;
69
J
1C6.22:
103.5
F-A
1976
2%s
103.9
63%
1958
Cahada (Dom of) 30-yr
109.28.
106.22
,60%
65
'% —-v"-7*
Iv.'l *60Va
102
1977
3%
105.3
*109.26
61 %
M-S
M-S
25-vear:9t4*
J-D
60 V#
1957
1961
s
:
63%
60%
*60%
"•••''^-4
1 5s
a
62
60%
*60%
30
External
109.15
J-D
(City)
63%
60%
60%
28
No.
60%
61%
.60%
s f 4%-4%s_
Refunding s f 4%-4%s
External readj 4%-4%s
104.30
108.31
3-D
No.
Series
:
*60%
External
'
108.30
M-S
25
Sinking fund gold 6s...
Buenos Aires (Province of)
A 6s
stamped
106.5
104.28
Series
3%s
106.5
,
No.
60%
60V2
*60%
3%s Series No. 26...
3%s Series No.-27—
Brisbane
106.8
106
J-D
Series
3%s
106.8
J-D
J-D
22
*
106.19
M-S
J-I>
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3%s
107.5
104.9
M-S
21
,
106.25 *06 <25
106.25
*106.21
M-S
No.
}J 3%s Series No. 23—
3%s Series No. 24
110.9
106.25
J-D
J-D
20
Sinking fund gold 5s
J-D
63
60%
107.15
_
63%
61%
60%
Y
3%s Series No. 29—
M-S
61%
60 Va
63*
•60%
106.19
107.15
High
60%
65%
118.23 118.23
.5
Low
■
61%
104.25
J-D
II
.
January 1
No.
High
*60%
3%s
f'fV
A
How
Range Since
Sold
*60%
116.24'
*118.13
:
J-D
->.*
Bonds
Friday's
19.——...
A
109.22 109.22
a«■*—
•
or
Bid A Asked,
lb
Series No.
3%a Series No.
3%s Series No.
*15.13 115.26
II
*109.22 109.24 c
Week'* Range
"f
••Last
Sale Price
f 3-y4s
104.10
*104.8
;
'W
;
"A
J>
17.—
'
2 %
Period
f"l$
'i ''
i 3%s Series No.
j
100-25 101
100.22
100.20
V>:
' 4 '^,Vi'.
.
Brazil (Conflnued)
;
1
; ;
, ,
External $ bonds (Continued)—
High
;i'd^00.2.'"T00.2,v!!
100.2-
111,15 111,15
-*-115.13 >115.13 •:
v».
V-Jp*
1951-1955
June 15 1952-195*
Dec 15 1932-1954
1953-1956
-June 15 1943
.1950
2»
A
:f
M-S
Low
:
-*100.1
100.3 ^
I *108.27 108.29 '
*
J-D
No.
r'/'V' ■' "V
£!'
year.
,
,
A
Friday
interest
New York Stock Exchange
I
.
'H
January 1
105.30
.*100.2
-
M-S *V
Sold
High
*105.28
v
Range Since
Bonds
Friday's
Low
m-s-a
M-S
—..1951-1953
2s_.
fi'V'■*
j-d
-
—
Treasury
or
J-D
—
Treasury
Bid & Asked
A Last
wi.
„
Treasury 2s.
•
A-O
—
Treasury 2s
Treasury 2s
Week's Range
A
,
8on.D8-v,"::';;'
>
Friday
i- A >'A/AAs/:/:./,
.
Sale Price
f
I •* New York Stock--Exchange;.,'ti i
:
,
.
ifi
^
;
603#
62
60%
63.
Telephone HAnover 2-0050
.
<
Teletype N. T. 1-971
■
■
24
31%
97
;;:.:
■■..
Monday, March11
THE COMMERCIAL & FINANCIAL CHRONICLE
NEW YORK BONP RECORD
RANGE
FOR
WEEK
ENDING
MARCH 8
dealers, banks, Institutions, lawyers, executors and
To
individuals, we offer our services for quotations on
Railroad Reorganization
over-the-counter securities
SSiLik
kxox & co.
<
Teletype: NY 1-86
l
:
,
Stock
Friday
Week's Range
Interest
Exchange
Last
Sale Price
or
Range Since
Sold
No.
High
6 Absenting 4s
A Assented
15
12%
13%
*11
11%
10%
11%
>1945
*18%
18%
18%
13%
?
agree
*14%
15%
14%
15
|
assent— -1933
*24%
of 1910
...
Nov.
to
5,
10 Treasury 6s of 1913
A Assented
Mlnas Creraes
to
Nov.
1942,
1942,
5,
|
✓
—
*18%
agree
46
>1958
I
*
46
39%
43
*38
43
>1952
*125
>1959
*120
39%
"
\
Stamped pursuant to Plan A
(Ir.t
a
reduced
Monte video
A6s
New
(City)
•
mum mm
■■
Nales
Mm
m, mumm
external
f 5«——.
»
External
Municipal Bink extl
-1965
>\
'i
*■?
103%
-1955
*102% 103%
Atl Knox Ac Nor 1st
Atlantic Coast 1st
1st
?
101%
99 %
153%
F-A
107%
107'/a 107 %
74
103
—1975
A-O
107
107
107 y4
35
103%
107%
1982
A-O
105 »/4
105
105%
46
103%
105%
A-O
106 V2
106 V2 106%
51
105%
106%
1967
1995
Jan
Q-J
103% 103%
1964
M-S
107% 108
18
105%
108
A-O
137% 139
77
131%
139%
124
124
125 J/a
128%
95
92%
11
95
95
95
107 Va
103%
100'
4
Fe—
127 Va
—
7
128 % 128%
M-N
J-D
Ry—
Line
Air
"
Nov
4s
Charlotte
&
i
1963
M-N
*103y8 106'/a
104 V'a
107
July 1952
1964
M-S
111% 111%
109%
112
A.—i
J-D
112% 114
112%
117%
mortgage 3%s
General
4s
cons
unified 4%s
1948
45
J-J
*34 y8
42%
45
37
44
J-J
1948
Atlantic <fc Danville Ry 1st 4s
Second mortgage 43
35
38%
|
*101% 103
(State of)
101% 101%
loan extl s f 6s
ANat
Loan extl
100
48
40
2008
40
39
26 %
26%
25
25%
80
25
30%
1961
25
25%
37
25
3038
104% 107%
104% 105%
1st mtge gold 4s—
—July 1948
Stamped modified bonds—
.1st mtge gold (int at 4% to
Oct 1 1946) -due
—July 1948
Ref & gen ser A- (int at 1% to
Dec 1 1946) due
1995
Ref St gen ser C (int at 1%%
to Dec 1.1946) due—±
1995
33
1
RR—
Baltimore tc Ohio
\
40
ii
27%
i960
1st ser
I
42
42
—
V
i
1
-
— —
*42
A Peru %Rej» of) external7s—^-1959
ANat
99 %
*105%
.1947
7s
Stamped pursuant to Plan A
(Int reduced to 2.125%)
i
.
99%
1967
ref 3'/as series B
APernambuco
"
101%
6
143%
July 1 1995
-'July 1 1995
gold 5s1946
Scamped 4s
\
102%
"I
71
'
(Rep) extl « f 5s ser A. 1963
.1963
Stampecrassented 5s
1994
.5' Stamp mod 3 Vis ext to.
:
101%
—
M-S
146 Va 149 %
3%s series E
mtge
Atlanta
103%
99% 100
__
108%
149
102% 102 »/2
A-O
(111)—
!
103
103 %' 106%
*104
102%
1593
Co
Adjustment gold
.
*
106%
*101%
100%
General 4s
i
107
103%
>1970
*A
sec
•101 V'a
3
105%
-1963
a Panama
Ext
23
105 Vt 106%
105
.
\t
'.,Y.
101%
f 5s
s
Oslo (City) elnk fund 4
-
*
-1956
4a slnJc fund ftxtl. loan,
'?:•
2
102% 103
>1958
—
4J/a8
fund 4Vts_—
sink
103
103
>1957
nTn
(Kingdom of)
Norway
1st
1
High
1969
deb
Co
Atchison Topeka & Santa
I
.
—
—
—
—
(State)—
External a f »«
v
—
I
i
A__
series
Soutu
to
&
;
107%
debentures
Armour
Low
January
Sold
NO.
High
2
AAnglo-Chilean Nitrate deb
Arbor 1st gold 4s
48
39%
If
46
2.125%)— .2008
40
40
43%
3s
Range Since
Bonds
Friday's
51
Ann
•
*38
Tobacco
Amer
»
46
46
10
\
Stamped pursuant to Plan A
(Int reduced to 2.125% ).„ >2008
ASec external s I 6%s
>1959
or
Bid & Asked
107% 108
!
2% debentures
X
,,
—
—
—
.
108
3s—
i
—
—
Last
Sale Price
M-S
Alleghany & West 1st gtd 4s
1998
Am & Foreign Pow deb 5s
2030
American Telephone & Telegraph Co.—
3s conv debentures
—1956
2%s debentures
1980
(State)—
Sec external s f 6%s
a
i
*12%
1942,
5,
Exchange
Low
agree
.>1954
Nov.
to
Week's Range
Friday
Interest
Period
Stock
York
New
New York 6
-
»
Bell Teletype—NY 1-310
January 1
Low
High
Mexico— (Continued )—
AAssented
-
B O ND S
Bonds
Friday's
Bid & Asked
Low
AAsserulng 4s of 1904
Slock Exchange
York
New
Telephone—Digby 4-4933
Period
York
4Member*
Broadway
61
ESTABLISHED 1926
BONDS
New
pflugfelder, bampt0n & rust
......
St., Boston 9
Telephone: Capitol 8950
Teletype: BS 169
State
27
Broadway, New York 4
Telephone: Digby 4-1388
11
Securities
105
102% 103%
103%
A-O
37
102%
97%
223
92%
99
134
97%
102
.
{APoland
f 6s 2d
a
ser
gold 6s
1940
*4%
-.m^.^.1958
■':»A Stabilisation loan a f In.
1047
*17%
21%
32%
32%
19
19
of)
(Rep
\
—-
4
■
A4 VaS assented
.
A4l2S assented—
1968
—
sink fund gold 8s
a External
1950
*25
a
Porto Alegre
Stamped
(City of) 8s
1961
*43
Janeiro
27%
24
43
—
2001
45
42
*
ji.
i?
2006
43
7J/a»—1952
43
*70%
——194?
50
/
43
80
85
102 %
3
Stamped pursuant to Plan A
'
41
2012
40%
A8s extl loan of 1921-
——1940
Stamped pursuant to Plan A
(Int reduced to 2.5%
1999
,
A6s external sink fund
gold
pursuant
45
Stamped pursuant
(Int reduced to
6
45 %
45
46 %
6
42
;;
to
42
-I960
10
'
2004
45
36
—
*38
;
(Int
reduced
-
A fis
93
93%
?
i
1
~2
41
43
37 V'a
5
extl water loan——
*63
j
393i
57
65
60
70
60
63
55
•
"
A
'
V:
*63
*61
IA Secured
—
*57
*58
(Int
f
s
$
2%)—--—2012
7s
reduced
1940
to
f
59
Croats & Slovenes
A 8s
A7«
series
ASllesla
71V
s
extl
j
1958
sec
£4'<?s assented—
Sy'rrv (City)
(
64
\
External
•
External
($
j
'%
.■
14%
T33a
10
ivl4:fevi
44
102%
'■
102 3t
:
i
-X,
-9
•
102
•
104-/,.
!
.
1979
Companies
Great
1953
J-D
107% 109
Southern
1948
M-a
*104%
1947
J-D
<-103
—1948
10-year deb 4V«s stamped
Alabama
u.
^
gold 4s
F-A
—
"
—
mtge 3%s
1972
j-j
1948
A-O
1948
A-O
Albany & Susquehanna RR 3yas.*„ 1946
A-O
'99%
A-O
115% 115%'
Albany Perfor Wrap Pap 6s
6s
-
with
Gen
warrants
assented
mtge 4%s_l--w
For
footnotes
see
1975
page
1309.
106 V'a
106%
106 %
106 »/2
46
100%
104
76%
81
*106% 107
101 % 101%
101%
J -J
79%
F-A
—
81
74
75
80'/a
M-N
77
6
F-A
*106%
M-N
*105% 106
—
—
105%
107%
13
5
106 Va
106 %
&
107
M-S
105%
104%
—
—
85
75
13
104 % 104%
104 V'a
107%
107
107
106
107
M-N
106 %
106
106%
32
105%
106 V*
M-N
88%
87
88%
83
85%
89%
A-O
50
50
50%
34
48%
__
a
deposit--
of
gtd
57
57
54
2
16
55
104
98
105 Va 105%
A-O
1952
—1955
—^—1980
105%
'
J-J
100% 102
A-O
106% 106%
A-O
2
102
104%
*107
M-N
*108
A-O
123
107%
104%
108% 108%
100% 101 ;
*100 Va 102
^
-V
•;
r
2
—'
»
;
108%
Central N Y Power. 3s>_
102%
Central Pacific 1st ref gtd
Guaranteed
gold
^Zf'lst & ref series"A
114
-d-v ( 4
•••
1
116
•;
'
116
•
1987
1974
%
>
to ■ Aug 1
gold 4s_1949
-^.-1960
5s—^
1
1949 ) „:
:
121
19
101
32
102%
108%
3
116%
120%
*120% 120%
108
108
108
~
■xi-
"
•
'90 "•
90
6
107%
106%
105 V2
,l 95
*»
108
J
90%
96
.
"
78'/a
,,
;
25%
26 ya
99%
33
26 y8
25 y4
.
A-O
79%
26
79
M-N
A-O
12
103% 104
104
F-A
74%
106%
87
19
23%
85
22%
26%
12
,
76
81
26%
'
J-D
,78
;'..-78
d
J-J.
;
78
•'
12
3940
..
:'37
•
J
>108%
,
/
;
.
41
%£?..
108
108%
~8
100%
105%
71
•44%
61%
159
42%
108;
39%
56
50%
52
'
105 Va 105%
105%
J-J
1
'
50
50>
48
Y-j
.49
47
49%
44%.
46
-44%
:
.
■'
•
-
mttmm
•
a—. <■
.
A-O
F-A,:
108%
;
F-A
:•
,106%
.
,
,
,*44
50.
.107% 107% \
.
108% 1Q9
,105% 106%.
.
.
:.
v ;
~3
F-A
-
-112% Ul
60 Ye
107
108 V*
37
108%
110
25
105
106%
3
,
88 W 91V
■■
1
106% 106 Vt
J-D
-4./ ;:*v
>-2
:
-'"id
1974
124
" 123%
114%
40
118ya 120%
120%
A-O
—L^1987
A 4s., registered
-99% 100%
■
—
119
122%
31
'.
—-,-1987
t
105
117%
3 'i
?
101VI 10153
J-D
F-A
J- J
1987
of N J gen gold 5s
A5s> registered
105 3
101
1
V
f
116
116
F-A
i A Central
101%
.100%
118
i':-'■"/';) > ' t
107
18
118
122% 122%
J-J
:
125
125%
116%
"
gold 5s—J—.1946
X.; :\'K '
118%
122
5
•
J-J
.
iAGeneraT 4s———
4
ns
123% 124
107%
•6
in¬
A-O
5%s series B
^1959
5s series C—
—1959
pur money gold 4s—1951
101%
2
»104% 108
117
124
J-J
*
1st
'"4
109 ^
107%
■
123
117
J-D
A-O
105T®
103%
108%
-w
r
124% 124%
J-J
gtd. gold 4s—
105%
101 •% 101%
M-N
1st
108'/a
1
*108
106 Va
M-N
Central Illinois Light 3%s—L—1988
JACent New Eng 1st gtd 4s—.
1961
109
103
„
'
1967
Power
105%
63
3y4s
Alabama
107%
106'/a 106%
J -J
2%s_1975
-
ARcf St gen
A Mobile Civ
Adams Express coll tr
Coll trust 4s of 1907
105%
.-1981
debs——————1965
ACent Branch U P 1st gold 4s-—-1948
tCentral of Georgia-Ry— " /
^ > - *
A 1st
mtge 5s
—;
—Nov 1943
§ A Con sol gold 54
—1945
AChatt Dlv
——
102%
PO«er-31968
Celanese Corp 3s
1958
;
25
F-A
ARef & gen
Railread and Industrial
102%
105 %
105
M-S
1984
1958
fAbitibi Power It Paper—
5A5s series A stamped
lOlVa
102
Cart St Adlr)lst
1978
a4Vis assented
132%
101%
5
—
'
1978
external 7s—L
130%
2
102% 102%
A-O
M-S
El 1st mtge
-
3Va* extl readjustment
(City)
5
3 V#si-——11974
Canada Southern cons, gtd 5s A---! 962
Canadians National gold 4yaS—--H95T
Guaranteed i gold
T969 Guaranteed gold 5s————
1970
Guaranteed gold'. .4%s-lvl-*-1955
Guaranteed: gold; 4V4S-i^^^iil958 >
Guaranteed gold 4%8-r-i
1951
Canadian Northern Ry deb 6%s—1946
Can Pac Ry 4% deb stk perpetual——
JfACarolina Central 1st gtd 4s
1949
Certificates of - deposit—
3%-4Va-4-& extl conv
4-4%-4%s extl readjustment
a Warsaw
132 Va
101% 101%
Carolina^ XJllnch ArOhiO; 4s^-«-JLi-.1965'
1979
—
i
■
i 20
bonds of 1937)—
conversion
■
'
1964
readjustment—
132
.
20%
25 ' '
...,.*18
,
21
13
24%
35
1960
sink fund 6s
102'/a
*102%
Calif Oregon .Tower
t-64
1948
F,»(e»nal sink fund 6s
3»«k 4-4%
13
*iovi
1955
AD^iiKUtoy (Republic) extl 8s
/ F>»ernal
13%
:
1958
f 5V*s
s
98
1918
1950
1947
1969
5s—
Elec:
California
t
1962
extl 7s
B
17
—>—1969
f debentures-;
Bush Term Bldgs 5a
*
"5 i'4 71y»
.
*62
1962
(Prov of)
101%
101% 102 Va
;
54, f 54%
(Kingdom)—
external
secured
103%
98%
i
'
/r-..
Serbs
102%
7
.
si
54 V'a
*54
71 V'a
1978
3.5%)—
14
101%
101
i
-mmm
—
Stamped pursuant to Plan A
;
103% 103%
—
M-N
Bush Terminal 1st 4s
j
•
to
103 V'a
V
2004
;_1968
■
reduced
104
A-O
Pgh Ry—
Stamped
modified
(interest at
T 3% to May 1, i947) due——1957
tBurlington Cedar Rap St Nor— ;
§ A 1st & coll 5s—
1934
•
67
65
69 V4
469
...msfl
extl dollar loan
(Int
s
Buffalo Niagara
ACertificates
*69
1950
101
Buffalo Rochester $
Stamped pursuant to Plan A
;. '
4s
I
v
.39%
26
—
—
43
40
102 V'a 102%
A-O
Consolidated
external
Stamped pursuant to Plan A
(Int reduced to 2.25%)
.
-
39%
Stamped pursuant to Plan A
'
;
(Int reduced to 2.5% )--.£—1999
A7*
v"
—
h
.
•
1999
to 2.5%)
(Int reduced
A 8s
;
.
•
42%
•$>
1 otft
.
.
*39
1957
(state) fls
Stamped pursuant to Flan
50
101 % 101%
102%
M-S
*
Stamped pursuant to Plan A
(Int. reduced to 2%)
.—2012
lASan Paulo
4'~2
95%
*47
2.375% )„_2001
to
A6%s extl secured s f
;
39
39
95%
8s---—.;—.1952'
Stamped puisuant to Plan A
(City)
Paulo
103
101%
101%
1967
-1955
II
Bklyn Edison cons M 3V4SEklyn Union El 1st gold 5s
Bklyn Union Gas 6s series A
Gen mtge s f 3%s
40
—
--
.
{ASan
88'A
JJ
1961
1st mtge 4s series RR
1960
AInc mtge 4%s.sei A
July 1970
JABoston St N Y Air L 1st 4s
1955
36%
45
~2
—
75 %
J-D
1st gold 4%s series
42
40
*38
*42
2.25%)
321
J-J
1970
I
ser
1st 5s A C
series
M 5s
to Plan A
municipal loan
--——.1967
Stamped pursuant to Plan A
(int reduced to 2.25%)
2004
Santa Fe external sink fund 4s
1984
82%
Corp—
mtge 2%s
Boston & Maine
1st
36%
45
80%
■
40
45
A7*
/
Cons
47
< 45
;
Steel
Bethlehem
)
*36
96%
82 V'a
•
1951
5s series C—1960
Beneficial Indus Loan 2V!«s
1950
2%s debentures
1956
^
,
91%
Beech Creek Extension 1st 3%s
i
-
46
153
J -J
Bell Telephone of Pa
42
33
"
1968
external loan of 1926-
a 7s
40%
*42
Plan A
( Int reduced to 2% ).
—2012
Stamped
2
14
'
(Int reduced to 2% )
Rio Grande do Sul (State of)-»
...
45%
43%
stamped
4s
f
50
40 %
45%
93'/a
95 V'a
«
1951
1951
ret 4s
Con
103'/a
45
2
41
132
93
M-N
Bangor St Aroostook RR—
Stamped pursuant to Plan A
(Int reduced to 2.375%)—2001
sec 6YaS——..^.1953
96%
95%
F-A
Pgh L E St W Va System— ;
Ref gold 4s extended to——1951
S'west Dlv 1st M (int at 3%%
to Jan 1 1947) due
1950
Toledo Cin Dlv ref 4a A
1959
93%
M-S
Feb 11960
due
A Conv
98%
96%
:
43
43
—
50
'
M-S
,
i
79
102% 103
(City of) 8s—.^.1946
>
42
45
*38
AExternal
,
(int at 1% to
due
4
2000
Ref & gen ser F (int at 1% to
Sep 1 1946) due
1998
Sep 1 1946)
!
93% 102
102
J-D
Ref St gen ser D
i
35 V'a
19'/a
—-
—
—1968
Queensland (State) extl 6*1
Ov
24
J
2.25%)
APrague (City of Greater)
arjo
32 V'a
19
20
Stamped pursuant to Plan A
to
32%
A
(Int reduced to 2.375%)
AExternal loan 7%s—:
reduced
1
Plan A
pursuant to
(Int
23
2
35
*18%
A4%s assented—.——^—.—,1963
19 Yb
94%
97%
J-D
—
"
^Volume 163
i-j-
.
/'.'"Vi -V-'V'U
THE COMMERCIAL & FINANCIAL
CHRONICLE
Number 4471
-
t\-;'-j' ■-{•/:;J;,v• JV•.'••'*'"•
|..'!vV'•)
NEW YORK BOND RECORD
RANGE
B ON D
New' ;-,ydrk
Friday
Stpck
"
■
WEEK
ENDING MARCH 8
;
'"Interest;
Last>V-iV>®t Friday's <
Period X Sale Price
Bid&Asked
Ex ch a nge
FOR
Week's Basra
Low
Bonds
New
York
Stock
Low
-■■-•■
Friday
—
Week's Range
or Friday's
Last
Interest
Exchange
January 1
No.
High
•••:r.;. BONDS
'Range Since
Soldi*-
1
'
Bid to Asked
Sale Price
Period
High
Low
Bonds
Range Since
Sold
January 1
Low
High
High
120%
No.
121 %
$ A Central RR & Banking Co—
5s
(partial
stamp
redemption)_1942
Champion Paper & Fibre deb 3s—1965
;
—1992
149% 149%
Bast Tenn Va to Ga Div
1st 5s
Ed 20 Til (NY) 1st
cons gold 5s
Ele*. Auto-Llte 2%s
1996
105% 105%
Elg... Jvliet
2996
wtewtpeaxe a uhio Ky—
General gold *y38
105% 105%
*
Ret
& impt mtge 3%s D
Ret to impt M 3%s series E
Potts Creek Br 1st 4s
Vtt
-
it A
Div
1st
2d consol
J A Chicago
1st & ref 4 % s series B
1st & ref
59%
1958
51
118% 118%
117%
119
105
106%
102
101% X03
——1970
102%
Chicago ft Eastern 111 RR—
A Gen mtge inc
.(conv)L—1987
m mtge 3%s ser B——,.1985
Chicago & Erie 1st gold 5$
:
1982
;
,
A Refunding
gold 5s
A Refunding
Alst &
r
124% 125
117%
127
'
20%
28
>101% 102%
102
103%
106
104% 105
JcJ
102 %
106
104%
106'/a
100
103%
•106
US
'
102
*—
1953
1971
106%
106
104% 105%
^
J-J
-
103
98
106% 106%
A-O
.
.
28
v:.v
,
.
.
•
.
■■■
106% 106%
M-N
*95%
j-j
1959
131
*100
'7
—
103%
103
103'A
J-D
•;
90
8i
M-N
J-D
*•
88%
85 %
"
106%
104
1063's
*105
90
81
82
*70 "•
81
H-3
Francisco 8ugar coll trust
i ■
6s——1956
.<>.
109
101% 102
J-J
Alst- to ref 5s Series
A-i———-197*
ACertificates of deposit;
23%
109
1656
Chic MJlw St Paul & Fac RR—
>
1st mtge-4s ser A
-—1994
100%
16
J-J
5s->—1943
111%
5s series A—*—
—1966
a 1st it
gen 6s Eeries b
May 1966
*122
A-0
1962 ;
Certificates of deposit
tFlorida East Coast 1st
4%s
gen
Chicago Ind & Sou 50-year 4s_.
124%
Co—
'
.1947
-
A-O
Firestone Tire to Rub 3s
deb-—1—1961
tAFlorida Cent & Peninsular
B—1947
series
4s series C
106%
-1965
Ohi0< DiV 1st mtge 3%s
Chicago Gt West 1st 4s series A_—1988
.
102%
105 %
102%
;
AGen inc mtge 4%s
r—Jan-1' 2038
tCbicago lnrt <ss Louisville Ry->~
ARefund^g 6s ser A----->—1947
1
102%
.jlj'i
106% 106%
v75%"' 88
99
—
106%
1st cons mtge 3 Vis ser
E.—r1964
1st cons-mtge'3%s ser
P—
1990
Tst con* mtge 3Vis ser
O—
2000
1st cons 2s ser H-.——-
*
;•
157
157
*102%
M-S
Geu mtge inc 4%s series
A——2015
;■
11&J4 118%
118% 119
Rrtilroad
*155
J-D
1970
Empire Gas to Fuel 3Vis
Erie
J-J
stamped.——.1968
135%
105% 105%
—1985
.
1st & ref mtge 2%s~—
135
RK—
—-V...1977
mtge 3%s
5s
r:
*109%
120"% 120%
M-N
1996
& East
Ry 3%s
El -Paso to G W 1st
5s
-
*129%—"
*125'AT—"
& Alton RR ref 3s~»—~1949
cnicago uurnngton & putney
General 4s
•
1946
i
gold 4S-.-^-1689
cons
gold 4s_-.:._.-—1989
-1958
debs-X—1950
*112
107% 109
.
105 Vi-105%
105 Vi 105%
105 %
Gen mtge 4%s inc ser A Jan 1 2019
4%s conv inc ser
B_.T
Jan 1 2044
,
94
90 Vi
■
103%
S4%
Qua to Elec
of Bef-g Co cons
5s—1940
General Realty & Utilities
Corp—
107%
>86%
96%
:,107%
106
106
A 4s
Chicago to. North Western Ry—
2nd mtge conv inc 4%s_-Jan 1 1999
1st mtge 3s ser B
—1989
<
97%
Railways 1st 5s stpd
partial redemption
1927
IChicago Rock Island it Pacific Ry—
25%
'
A General
4s
106%
deposit
62%
69%
81
i960
AConv gold 4%s
35'
28 r
38%
Chicago St L & New Orleans 5s
62%
37%
1951
no6%
1951
3%s
Memphis Div 1st gold 4s
105%
107 %
100
102
105%
106%
"100
1951
101%
—
'
101%
Gen
1st
to
ref
Income
M
2%-4%s___
2%-4%'s
1994
;
-----
*105% 107 '
1st
mtge 2%s ser
———1963
G
Chic & West Indiana
107Vi 108
4s—
15'
107% 108
107%
1963
15.
J07,-' 108%
104% 108 v-
1952
1st & ref 4 Vis series D
111% 111%
1962
com
106 "
fgAChilds Co deb 5s part paid
SADebentures 5s part paid—:
t A Choctaw Ok it Gulf cons 5s
Cine Gas to Elec 1st mtge 2%s
1975
1st
Union
1943
2%s
60%
1957
60
1952
90
.
60%
106 ? ' 107 >
13
56%
60
27
General gold 4s
u.;
General 5s series B—
!
,
.
T'
97
*
—1961
I 4%s series C
s
115%
107.
110
106%
108%
'■
(stamped modified)
1980
79%
Columbia Gas to Elec deb 5s——1961
103%
81
*106%
Columbus to Tol
109%
Conv
1st
3%s
debs
—1958
J-J
3s series L
——1977
Conn Ry to L 1st to ret 4Via.-——1951
Conn River Power s f 3%s
■
F-A
J-J
A———1961.
12
123%
108%
110
*1)1
„
105%
|
__
1
105% 105%
105%
106%
101%
103
102
104%
Consolidated Edison of New York—
—1948
A-O
—.3956
1958
A-O
3%s debentures
,
3%s
debentures
3%s
debentures
J-J
gAConsol Ry non-conv deb 4s.—1954
ADeberiture 4s
A Debenture
Consumers
4s
Power
————1956
•—"
•f
J-J
.1955
1942
J-D
receipts.
ADeposit
,
A Cuba RR
A7%s
A6s
ser
B
ser
.
105% 105%
103% 103 Va
-
'•
,
■
f
•
J-J
deposit rets
-
J-D
—1946
J-D
Curtis Publishing Co 3a deb—19ft»
A-O
-
(
*.4 ;
51%
«
VT
v
loo
2
.
,
5.100
?
;>
•;
;
•.
Delaware to Hudson 4s extended_—1963
Delaware,
107
46
1
>
106'
;
;.
ref M 5s
ser
Jf-N
Coll tr
100
U-N
f Alst
consol 4s
IA Con sol
gold
4%s
53v«
-v.?
';:v':;53"V
impt 5s series B
1978
Detroit Edison 4s series P——1965
M -N
127
>
*105% 109
102% 102%
"I
;;v
3
>
F-A
101% 101 %
.1951
J-J
J-J
102% 102%
1951
.
60
r e?
■
93 Va
V
97
102% 102%
'106
101'A 102
103
105%
105%
101
;
—
104
1
;
■
<•105% 106%
*105%
,
*105%
1963
mtge 4s ser D.
J-D
1963
:
V
J-D
VI05%
J-J
—1970
.96.
97%;
*105%
1952
-V
106% 106%
Adjustment 6s series A—July 1952
Paper 5s series A ft B
Ref sink fund 6s series A-
1947
1955
.
1955
Debentures 5a—
"5
88%
51
84
85
.
48 Va
82%
97
i; 77 Vi ; 92
83'A
97
V
-
\
107% 107%
M-S
108
■"
102'% 103%
102%
92
82%
v
7
95%
98
54%
76%
46
.
83%
•
32
90%
49 Va
J-J
J-J
114%
106% 107 %
•fVteV
88%
49%
;
106:,;
102
__
106%
t
'
J-J
V
96
104%
105 Va
111.
A-O
103%
>100
92'A
i
26
t— 110%
A-O
V
8
■
J-J
M-S
.
96
37
98
93%
94%
>105% 105%
J-J
1950
a
100
98
102%
100
102%
J-D
1963
-
J-J
>67% <7°V
;
:
A-O
21%
1;
973A\
93%
.
3 v; ,102%
103%
105'/a
108 >/a
1
'
V
102
F-A
102
105%
>101% 103%
71
,103
106 %
105
126
105%. 106 Va
100
100
Zlmd-X. X"
*100% 103
M-N
J-J
66
67
J';'
/
Jf-N
Dul Miss to Iron Range Ry 3%«—-1962
A-O
t§ADU Sou Shore to Atl gold 5s—1937
rtoouesB* Lleht 1st M 3%a__——1968
/-J
/-J
98
>101%
f •103%
11
104'A
*49%
*119%
105%
83%
Xb
.——1987
1961
—1961
19614Vis unguaranteed—
—1961'
Kings County El L ft P 6s——1997
Koppers Co 1st mtge 3s—
....1964
t AKreuger ft Toll 6a ctfa
1859
Kentucky ft Ind Term 4%s
stamped
-•> Plain
110%
63% "73%
.73%
453/, *♦ 51 *
•
J-J
-•A
—
i-84'A;
107%
107%
;i'8^k«2%;
«107 ; 107
<104
104%;
'2X
.
91
>
27
♦
.
85 Va
81
83'A
82
3
105%
107
25
103%
104%
104%
105%
105%
*120%
r+ ~
—
J-J
>72-.-..73
J-J
*106%:
J-J
*105%
122
'■
;.v
108%
;
—:
A-O
106% 107
72
108'/a
11
n
106
:
107
•
,188
A-O
,122
65%
>-»■
*■
..
*111%.
J-J
'.
v 1
M-S
26
7
1
4%
5 Va
1173* 119'
105% 106%
>50%
*107%
A-O
A-O
mtge.4s ser A
-
109-
J-D
A-O
A-O
1st
109% 110"
73 •> 73%
J-D
104
26
100% 101
J-J
3s—1950
1975
Kentucky Central gold 4s
108%; 109
Detroit .Term to Tunnel 4 Vis
J-D
Kansas City Terminal Ry 2%s—1974
24%
21% ?24%
106% .109
Detroit to Jdackinae 1st lien gold 4s 1995
A Second gold.
4J-—
' „-1995..
1961
fARefunding gtd 4s
1936
ACertificates of
deposit——,——.
•
fex-r-.
F-A
—1959
Laughlin Steel 3 Vis
Kansas City Southern Ry 1st
108% 108%
102 %
105% 107%
mm.
105% 105%
*103%
J-J
.
70
>106% 106%
1309.
100 Va
v
,
J-J
F-A
A-O
>
jr.; "
Z
A-O
page
<
104
102
»■
~
K
M-S
see
106
108
J-J
Registered
Kanawha to Mich 1st gtd gold 48—1990
J-D
footnotes
J-J
(Kansas City Fort Scott & Mem Ry—-
1966
For
J-D
B...—.^.MMWM.1956
Alst gold 5s series C
—1956
fAlnternat Hydro El deb 6s—-i—1944
71 Vi
1970
19el
■
F-A
>62%
Gen to ref mtge 3%s series G
■
S
104
106 VaV
>103 V 106%
23
V
Alst 5s series
-V-
Gen to ret 3s series H
, -
V103%
21
12
1951
•
>104% 104%
—
37
1951
.1
*66
■103% 104% ;
100% 101
Internat
^48
•104Va-
M-S
A-O
107% 107%
94 "> -95%
James Frankl ft Clear 1st 4s.
j.j
-
'i»
M-N
A
•108%
F-A
AAssented
*104%
amV
ly.V^yV: X
f'X >!.•'*'• .Kv
A-0
1936
J-J
A-O
108%
104%
9
—
100
70%
1936
gDenver & Rio Grande Western RR^—
A G en era 1. J. f5s-_______________1S55
A Ref &
A
4-68—-*--—^-—May 12042
Power to Light 3l(—1973
IDenver to Rio Grande RR—
108
*105%
J-J
-
.Alst 6s series A
»
>106% 107
1973
.Delaware
80%
45
37
1953
Jones ft
income mtge;.^1993
*' Morrisr to, Essex "division-£
113
;...
*105% 106
•
-
75
248
108%
J-J
J-J
;1951
tInternational Great Northern RR—•
>
48%
''-'i!T-''
<?-.
43
.
83
112%
;
*103%/—'
Lack & West RR Co—
1st &
42
•'
50
-
100;
•W: ?
■
42%
.
104 Va
80
V
128
.V
79
104 Va
100%
; V
113
77 Vb
79
A-O
•v 41
113
i:
..
F-A
tAInd to Louisville 1st gtd 4s
1956
Indianapolis Union Ry 3%s ser B.1986
Inland Steel 1st mtge 3s .series P—1961
'
'>>irY>Lack':to'-Western'idlT
M-N
j
V 26
82%
80:
1952
1st ref
86 V;1 86.V
49%
8'
-
82%
•
Illinois Terminal Ry 4s Ser A.
ma ill ft Iowa lit gold 4sa..__
.
; '
103% 104%
104%
J-D
V
107
S-D
A-O
;
147 I
140%
6
,7> % 100 Vi
103% 103%
1st to ret 4%s series C„
1
>102%
.
i
147
104% 104%
J-J
1955
Joint 1st ref 5s series A
i
A-0
110
■'
|47
.1952
Int Rys Cent Amer 1st 5s B
-1972
Int Telep ft Teleg deb gold 4%s—.1952
Dayton Pr to Lt 1st mtge 2%s„—1975
Dayton Union Ry 3%s series B'—-1565
Deere to Co 2%a deb&_-^--^^.,hV—1965
103'%.
104
108%
—
104
<
i
.
•
M-N
v
■
13 V ; 103% 104 ;.
' 4/
* 58
59%
5
"''■'X,
•
.
i
44
,
l"
1951
?
v
67% ■ 75.:;
23
53V4-.
53
106%
.67-V 7667% > 76
46%'"
53'A
X
■?'-.
'i
-
*109%
106%
103
7
HI Cent and Chic St L ft N O—
104%
104% .3,08%
"'ft?
>88%
46%
•
-.1
=
■tf
-•
*85
v
.
■i
'
V
48 '/st
.
•
\
-
■3
v
" 58 hi''-
(
48
48'A
'
1952
;
receipts———
A deposit rets—
1946
58
i
.
v
5
~
1+
i—•
1st 5s gold.
ADeposit
5
37
JZ.
,
J-D
f ACuba Northern Ry 1st 5%s
'
•
*:68
68
••
V
4
'
V
72
io7.% 108
—
M-S
Crucible Steel 3%s s f debs—
7
68 V.
68
—
.
J-J
2,/is—1975
'Continental. Baking ■ 3s debs———1965
„
—
J-J
1st mtge
20
102'A
104% 104%
J-J
;——1955
—
101% 102
102
——
103 % 103%
Springfield Div 1st gold 3%s
Western Xines 1st gold;4S—
^
140
15
V? 109%
102%
a^q958
40-year'
A:
jionav
Cairo Bridge gold 4s—1950
Litchfield Div 1st gold 3s
1951
Louisville Div to Term gold 3%s.l953
Omaha Div 1st gold 3s
——1951
i
109
109%
105%
T
St. Louis Div & Term gold 3s
Gold 3%s
111%
127% 129
F-A
mtge
*8
"•:'
103% 103V2
M-W
..'.Refunding
Commonwealth Edison Co—
..
—
4s.i—
Refunding 4s_
•
Purchased lines 3 Vis
4
110%
3%S
Collateral trust gold 4s..
__
*110
extl 4s——1955
.jt
108
136
16
106% 106%
h-n
-——^1951
Collateral trust gold
!
79%
8.4%
102% 104%
*115
1st
104%
f
*104% 104%
'
!
Columbus to H Y 1st extl gold 4s—1948
Columbus to Sou Ohio El 3 %s—1970
103%
15
16
196%
*
,1st gold, 3s sterling
.
.J-;- 't'i"■
■
103%
103
*75 >
A-O
Bold; 4s—1951 •
1st gold 3%s—
Extended 1st gold
•
108%
106
107%
106% 106%
Colorado & Southern Ry.—
4%s
107
j-j
—.—Feb 1957
Illinois Central RR—
116 '
106%
lOtiVi 107%
107%
104%
110%
106%
1st
107%
3
A-O
s
AAdJ Income 5«
^
—
°U6
——1977
107 V
106% 106%
108%
106.
—
106 %
105%
j-j
Illinois Bell Telep 2%s series A. -1981
*
106%
; io
106% 106%
106\;
:
93%
105%
1950
109
5
106 Va
106%;
100
„
89%
108
*106%
107%
106 Va
Feb,;./:
f 5s series; A—1962
Hudson Co Gas 1st gold 5s
.1949.
Hudson ft Manhattan 1st 5s A——1957
to
Cleve Union Term gtd 5%s
1972
1st s f 5s series B gtd
i——1973
1st
"X
98%; ■98%
:
.92%
1948
110A
106%
Hocking Valley Ry 1st 4%a
121
Cleveland Elec Ilium 3s
Pittsburgh RR—
Series C 3%s gtd
Series D 3%s gtd
Cleve Short Line 1st gtd 4Vis
109 Va
8
16
60%
107%
Hudson Coal 1st
Bt L Div 1st coll tr gold 4s——1990
——1970
,
Cleveland
19
:
106 y4
98%
1991
-
at
106% 107
Feb
Gulf 8tatea UtU 3Via series D——i960
iiivi,
118%
1977
Cin Wab to M Div 1st 4s
109
106 Vb 106%
3!i
106%
:
j-j
mtge Inc 5s series A
—2015
1st & ref 3%S Series D-—:—1969
112%
112
"112% 113%
1993
Ref & impt 4 %s series E
.
i
109 A
109
■%
JrJ
1999.
If AHousatonic Ry cons gold 5s—1937
Household Finance Corp 2%s
1970
1974
—1993
132%
j-j
1990
103%
1969
ser G_———
127%
88/' 100
103%
13
Cleve Cin Chic & St Louia Ry—
•f
;i
111%
140
23
j-j
60%
56%
2
93
107%
.:
122
136 VB
132"%
j-j
Gen
Terminal—
mtge gtd 3%s series E
1st mtge
,
15
110%
52'
107 '
106
Cincinnati
-98 '/4
97
10
121%
3
131
j-j
—
C97: ;, 98%
98%
121% 122
139% 139%
6
j-j
j-j
mtge 3%S ser M_———1980
*'51-i«<
-105% 105%
'
102% 105%
—
j-j
2000
AGreen Bay to West deb ctfs A
A Debentures ctfs
B—'——Greyhound Corp 3s debs
—1959
Gulf Mobile & Ohio 4s series B
1975
'• 99
96
34
97%
97%
1994
Craggy
Union station—
1st mtge 3VeS series F_
5
105% 106
*102%
J-D
—1973
Gen mtge 3Vis ser N
Gen mtge 3Vis ser 0~—
•
Chic T H to Southeastern 1st 5s
1960
income guaranteed 5s
Dec 11960
Tf-N
Gen mtge 3Vis ser
K-y——1960
Gen mtge 3%s ser L
1970
•
101 v*
>
105
>
>> 64
J-J
1952
-
ii6
105
•II
i,
'
Oehefal 4%s series D———1976
•GeneraV-4Vis series E
——1977
•
64
j-j
1947
General 5%s series BGeneral 5s series C__
72%
71 * " *73%
,
r
89
82%
ii
86%
m-s
1934
Grays Point Terra 1st gtd 5s
Great Northern Ry Co-
92Va
65%
1952
-1934
—
ext 6s
87%
•II:
—1969
;
11 AGa Caro & Nor 1st
106%
92%
102
fARefunding gold 4s
fASecured 4 %s series A—
debs
Certificates of deposlt-1———
Goodrich (B F) Co. 1st mtge 2%s-1965
71
91%
91% "96%
.
of
65%
•
'
—1988
—:
ACertificates
Gold
106%
69% ,70%
Inc
lAGeorgia & Ala Ry 5s__
Oct 11945
/ Certificates of deposit—-——;—--
97%
v
HAChicago
i.
93%
96
A 97%
°106%
•.
conv
105%
■49 %
104%
106%
t- 54 'V:
106 ;'
110
Lake Sh ft Mich Sou gold 3%a.
3%s
registered
4
•
115%
108
113
THE COMMERCIAL &
Monday; March 11, 1946
FINANCIAL CHRONICLE
NEW YORK BOND RECORD
8
RANGE FOR WEEK ENDING MARCH
* V
New
'
HOXOf,
Week's ■ Rang*;
or Friday's
Sale Price
Bid & Asked
VVIYlday
7'Y
Interest
York: Stock'Exchange
keriod
»
*.'■
Period
January 1
Sold
Friday
Interest
Exchange
Stock
Fork
New
Range Since
Bonds
Last
Week's Banre
Last
or
Sale Price
Low
No.
High
Lew
.
Lautaro Nitrate Co Ltd—
«•
A 1st
5s
•
104%
1970
'
■
ANon-conv
106%
100%
97%
93%
1964
99%
.... 11 Ml
I
I
-
-I:n,-n
T
r. —
1st
1st 50-yr 5s
■:63%y.;?91%,:
133%
1965
1951
gtd
Liggett & Myers Tobacco 5s
Lorlllard
4s series A
gen
(P) Co
Louisiana &
Ark
Louisville Gas
it
Elec 3Vis
106% J06%
1966
2%s
—2003
G
ser
105%
,* Atl Knox k Cine Div 4s
'71%
81
109%
111
General
4s
Southern Ry
102%
17
86%
106%
90 %
89%
90%
90%
*105% 106
106 % 106%
Gen
■
ref 4%s series
ft
68
v
75
39%
42
15
29
32%
7
97
178
V-32%
•
102
49
108%
100% 103%
59%
71
135"% 140
11
67 •*>■" 69
25
102
69
•139%
—
•137%
—
0130 Vi
,
100
108
138% 138%
—
..
'
J
.1974
A
107%
108%
105%
14
—•
—1998
2014
mtge 5s conv inc
15%
105%
—
Co—
4 Vis series A
mtge
A Gen
132
"• 132 7:
.
;1;
V7'">
127%
120
89
124% 125%
lien 48—1997
1997
Gen lien ry & Id gold 3s
Jan 2047
i
3s registered
2047
Ref ft im^t 4Vis series A
2047
108
r?'107% 108%
97
Ref
2047
2047
110
109% 110 Vi
20
110
109% 110
25
107%
110%
1975
104%
104% 105%
32
104%
106%
Northern Pacific Ry prior
r
: 4s registered
104%
it
Jmpt 5s series C
D
Ref it impt 5s series
Coll
trust 4Vis
119 *
118%
•118
23
113
23
>
11%
1937
1940
A Terminal 1st gold 5s
1943
*|AN Y West Si Bost 1st 4Vis
1946
Niagara Falls Power 3Vis—1968
102 Vi 105
—
49
" 21%
11%
26%
12%
22
1937
IS AN Y Susq & W 1st ref 5s
IA 2d gold 4 Vis
IA General gold 5s
1st
107%
100%
103% 104%
•105Va
1st 3%s
._
106% 106%
22
1992
106%
110% 112%
•112% 113
„
104%
1980
195»
gold 3s
190
•110%
1954
1863
c
ref M 3%s scries P.—.2003
50
Norfolk ft Western Ry 1st gold 4s_1998
North Centra] gen ft ref 5s
1974
106 v
104 '
106
Louisville & Nashville RR—
ref M
34%
12%
107%
118% .120
105
106%
118% 118%
•105% 106
1st 5s series A—1969
1st &
93
232
4s
106%
107%
106%
105
1st &
83
,>87%
4s
Norfolk
107%
106%
1951
————.1963
St Louis Div 2(1
v
107
deib 58——
38 debentures<
136%
118%' 120
1962
Long Island untied 4?
1949
Guaranteed rtf gold 4s——1949
4s
stamped.—.—. —.1949
Miami
Little
65%
,
32
N Y Steam Corp
Terminal Ry ext 5s_195i
Lex & Eastern
:
1940
1355
A
■
Valley
40
N Y Power & Light 1st mtge 2%s_1975
N Y & Putnam 1st cons gtd 4s
1993
N Y Queens El Lt ft Pow 3Vis
1965
■
Lehigh
67 Vi
57
•••,.72%
IAN Y Ont & West ref 4s—June
1950
2003
4s registered————.2003
4Vis stamped modified
2003
4 Vis registered
2003
5s stamped modified
2003
•
67%
53
lAHarlem River Si Port Chester—
—1954
Leb Val Harbor Term gtd 5s
LehighiValley N Y 4Vif
Lebign Valley RR—
4s stamped
modified
'
-
1957
ref 4Vis series of 1927—1967
A 1st ft
*fll7*
65%
65
249
A Debenture
"t.
'
V-
4s
4s
IA Collateral trust 6s
1st ft ret sink fund 5a..—....... 1974
tvf
deb
11
77%
75
75%
78
78 '
75
68
85
—.1958
a Debenture certificates 3%s
1956
AConv deb 6s
1948
101%
95 %
stamped—.........1964
V. Sa
3%s
deb
High
Low
15
—1947
1947
-1954
1953
3Vis
deb
ANon-conv
1954
1st & ref stnk fund 5s
•jV
deb
ANon-conv
'■■■
ANon-conv
stamped
5s
'
./V
1954
fund 5»
ref sink
it
76 &
66
1975
mtge Income reg
January 1
Sold
Wo,
High
RR—
*N Y New Haven &< Hartford
ANon-conv deb 4s—
'
Lehigh Coal Si Navigation Co/*-'
S F mtge 3Vis ser A
Lehign Valley coal Co—
1st
High
Range Since
Bonds
Friday's
Bid & Asked
Low
.
*
119% 119'%
'
—
•88
.
.71
92%
91%
92%
115% 122
85%
94%
88%
82
89
105% 108%
107
110%
Northern States Power Co—
mtge
2%s
2%s
1975
1964
1st mtge 3 Vis
(Wise)
Maine
1st
RR
Central
4%s
ser
A
*103%
1974
1st mtge
1st
105
102%
—
106 Vi
38
107% 107%
106 Vi
102%
3
106%
106
—
108
1960
mtge it coll 4s ser B——1954
Sugar 4s sink fund_..Feb 11957
Manati
A Manila
RR < Southern Lines) 4s
1959
105%
lOgdensburg & Lake Champlaln Ry—
A 1st guaranteed 4s
1948
107%
101%
Metropolitan Edison 1st mtge 2%s.l974
Metrop Wat Sew at Drain 5%a
1950
HAMet West Side El (Chic) 4s—1938
103%
28%
26%
1st
Micmgan Centra*—
Jack
Lans
it
1974
1975
Ohio Edison 1st mtge 3s
2%s
mtge.
Oklahoma Gas & Electric 2%s
1951
gold 3 Vis—..——1952
Ref it lmpt 4%s series C
1979
Michigan Cons Gas 1st mtge 3%s.l969
f}AMidland of N J 1st ext 98*-.«.1940
Sag 3 Vis
'
:
1975
Guaranteed stpd cons 5s
1946
Oregon-Washington RR 3s ser A—1960
101% 106
101% 104%
100% 101
41
15
*100% 103%
Oregon RR St Nav con gold 4s
1946
Ore Short Line 1st cons gold 5s—1946
1st
*101
rnoi
_.
101
—
—
104
101%
101
101%
104%
-103
104% 105%
105
'*
108%
107%
6
107% 108
104% 105%
104% 104%
27
23
7
.Q,23:; 23%
23
104%
107 %
Minn St Paul ft'Sault Ste Marie—
)■>.
.
A 1st
4 Vis inc ser
mtge
AGen mtge 4s
Inc
ser
A—Jan 1971
A—.-.Jan 1991
Mo Kansas St Texas 1st 4s
1990
Prior lien
v
101.
u
89
..—1962
4u-year 4s series B
*
1st
•
96%
;
1978
92%
104 %
113%
95%
102>/2
lien
4%s
series
D„
rel
it
Electric
&
1966
1970
1971
1974
I
1st Si ret M 3s series L
—1979
1st & ref M 3s series M—
{Missouri Pacific RR Co—
A 1st
it ret 5s series A
64%
1978
183
•
54%
A 1st it ret St series F
..1977
346
I
95%
103
a 1st
—1978
148
95%
103
1949
289
..1980
100
.1981
268
A General
t
it
AConv
A 1st
V
4s
ret
5t
gold
G
series
5%s
i
it
ret
gold 5s series H
A 1st it
ref
5s
series I
Moh'k it Malone 1st gtd gold 4s
Monongahela Ry 3 Vis series B
Constr M
58
Constr
4 Vis
M
series A_
series B_.
95%
911
100
1955
r'34' :
1968
..
3s
74%
89%
.76%
now*
__
107 %
1947
105
105% 105%
.
*118
:i
97%
103%
114%
125%
127-
118
YV
;
109% 109%
118
>
....
107'%
•
109%
106%
110,
•
1081
10.7%
Y
•107% 108
110
104%
111%
103%
*106% 108
ft
*106%
128
—
127
127% 128%
137
137%
24
124'%
128'%
133%
139%
£132% 133%
68
59
108%
133%
108
.
12
8A-£1-.107% 111%
8
105% 107%
t< 106%
106
!
•
107%
111
1st
■v
ref
and
95%
„
96Vi
Vi, 105%
y
106% 106%
3s—-—1962
22
^. 22 i
25
*106'.i
*
.i.,
99%
96%
97%
96 %
96%
97'%
95 %
100%
102%
111% 112
106%
114 Vi
107
107%
„
99
96%
£
97%
&3
90
89
Gen
97%
J
Pitts &
[
105%
101%
104'% 104%
103%
104%
104'%
103% 104'%
104 7
106%
106% 106%
105%
110'% 110%
109
$
106%
107
noye
110%
108
109
117% 117'%
117%
118%
115%
115%
115%
118%
.
91 Vi
101
109
—
--
92
101
•
1st
gen
1st
105%
104%
ft Ash
gen
5s
»st
4%s
1st 4s ser A
series D
series C
Potomac
El
Pwr
1st
M
1st mortgage 3 Vis
^
'
—
117
90
118%
:'v
97%
95%
103%
Terminal
4s
:,
1st &
; 1st
1st
ft
ft
1972
2037
ref mtge 3s
ref
ref
mtge
rotae
5s
8s
,
——2037
-
105'%
106
'
105%
98%
102
'
102%
98%
102
98%
105;
105%
£
'
99
102
'
100'/» 100%
>106%—.
106
106%
113 A 113
113
113;
-32
'".45 /'
108
108 V
111'%
■
.
——
..
"42
'.
<108
r
42%
108 £
.
I960
Public 8ervice El ft Gas 3%a
109
100% 100%
109
1966
—
•
A Providence
139%
>H7%;:..—
100'/e
1957
1956
JAProvldence Securities 4s
'i t
—
*121
1977
:
*125%
;
..
130
137%
134%
103%
105% 105%
;
w
126'/2
133 Vi
100% 104
>100% 101%
100% 101%
__
101%
1964
3%s—
.
100 Vi 101%
..
1948
..
*103% 106
—
-—1977
Inc deb
107
:
103 Vi 103%
105% 105%
-
...
1962
1974
5s series B
-iPlttston Co 5%
*106
""
103%
1958
W V% 1st 4%s series A
Pitts Young
:
*103%
1st mtge 4%s series B———..1959
1st mtge 4%s series C_
:
1960
"
:
105 % 105Vi
—
—1950
4y<tt series B——
1st mtge
.
105%
debentures ———..——1965
Steel 1st mtge 4%s
1950
122
105%
J39%t;i3fl.%.-
..
1st mtge
-.3 Vis
Pitts
93
104%
3%s-1964
Consolidation. Coal—
.Pittsburgh
100'
106% 107
mtge
117%
.
-130 % 130 ■:.£
'£*137%:'£ii-K;i
1970
5s Series B———'—1975
3%s ser E—
1975
Pittsb Coke&Chem
95
92"%
Gen mtge
:
:
1
..
.127% 131V
Gen mtge 5s series A
98 %
100% 102'%
•ii5%
,
H cons
Series
21
"•
122
122
26
104% 105%
,
—
*116%:
—
105
21%
20
11
*104% 105 Vi
debs—<—1964
107
6 V £105% 106%
22'/«
*14
•
107
104 Vi
103%
106 Vi 106 Vi
..
—————1963
134
104%
r-:
*104% 105
•
108%
104% 107%,
:
*106% 106%
t
139
131
5
*107%
~:
83 .r
106
20
„
£ •'
137
—
—
—
106Vi
106
'
guaranteed 4s_—1960
t:- Series I :cons ,4%s
1——-1963
Series J cons guaranteed 4%s—1964
102%
100£ '
.70.
13
*133'/b
,
—
Pittsburgh Cine Chi ft St Louis--*
£
Series E 3%s gtd gold
1949
Serlis P 4s guaranteed gold——1953
Series G 4s guaranteed
1957
91
I*:*??'*'.
94
£
106% 107
104 Vi 105%
.1
.
*138%
-1974
2%s
107-
107
:•
^7
"x?
89
•
—■••?:
72
•65 ^
105
10
90
89
89
105% 106%
8
105% 105%
105%
——1967
ref M 2%s
1st ft
Phillips Petroleum 2%s
94*%
127% 135%
128 Vz 135%
£
109 v
133
108%
•f| A Philippine Ry 1st s f 4s—1937
A Certificates of
deposit
•87
£130%
—.
VV
r
..
Eastern 4s
3s debentures
-97
106%
£
—
—
*129% 131
Pekin Union Ry 5%s
Peoria &
Philip Morris Ltd deb
*107'%
107 3
106%
5
106 % 106%
._
A Incom e
99%
112% 113
127
106%
105% 105%
ext.
.I960
4s—.~..L..Jkpr J 990
1974
Pere Marquette Ry 3%s ser p..—1980
'Phila Bait & Wash 1st gold 4®—.',:
General 5s series B
1974
General gold A%s series C——1977
Philadelphia Co coll tr 4%s
—1961
Phila Electric 1st & ref 2%s
1971
Peoria
-
127
5s——1947
Peoples Gas L & O ref
,
U-"'"
103
113
107
107
107
P——.—.1985
.Gen mtge 3%s ser
104%
104
125%
111%
■
105% 105%
•107%
:
.
105%
112%
—
105% 105%
•
—
*105%
debentures———.—,——1965
f
s
Pennsylvania RR^-.
Conso! gold 4s
——
1948
4s sterl stpd dollar
May 11948
Cons sinking fund 4%s—
—I960
General .4 % s' series A—,—.1965
General 5s series B
1968
General 4%s series D———.
1981
Gen mtge 4 Vis series E
——1984
Conv deb 3%s
1952
83%
106%
..
104% 107%
1952
1960
Pennsylvania Ppwer & Light Co.—-1st mtge. 3s—■-. ..... ...... 19 75
101%
.84.
33
1955
107%
110%
-107% 107%
1960
Gtd 4s series E trust ctfs
103
69%
*110
111% ##
107%
111% 111%
111%
Pennsylvania Glass Sand 3%s
106%
102%
..
159
108% iio% ■;
107% 110%r
'.109% 109%
Pennsylvania Co—
93:
106
1968
Pennsylvania-Central Airlines—
3Vis conv inc debs
103
95 Vi 102%
,,,
1991
Montreal Tramways 5s ext.—.—.1951
Morreil (John) Si Co 3s debs..—1958
Morris & Essex 1st gtd 3 Vis
2000
Mountain States TAT 3 Vis
Mutual Fuel Gas 1st gtd 8t—
46%
: 37
..
109% £
107%
*107% 108%
r £109% 109%
—
ref mtge 3s ser N_.
&
*
100%
108%. 109%
*108%
,
—
1977
Pacific Tel & Tel 2%s debs
1985
Paducah & 111 1st s t gold 4%s
195b
Panhandle East F L 3s B
1960
Paterson ft Passaic G ft E cons 5S.1949
1st
72
—.1968
100%
1948
Co—
mtge 3%s series
1st & ref mtge 3s series J
1st it ret M 3s series K___,
98%
A Cum adjust 6e seriesA—.Jan 1967
Prior
Gas
Pacific
96
5s series A——1962
1st gold 5s
Coast Co
Pacific
Missouri-Kansas-Texas RR—
108
.
Y
£:
108
—.>>165
—.
:
110%
108 £
108
165;;"*
160
165
250
>,250%
250 V2 250%
»
'.v
Volume
!■'.
THE COMMERCIAL & FINANCIAL; CHRONICLE
4471
163- Number
YORK BOND RECORD
NEW
FOR WEEK
RANGE
.
York
New
Friday
Interest
Exchange
Stock
Last-
Week's Range'
Low
High
8
York
New
Range Since
Sold
Bid k Asked
MARCH
RONn 6
>
Bonds
Friday's
or
.
Sale Price
Period
ENDING
Stock
Friday
,
Interest
Exchange
Low
No.
High
Tennessee
'
Ref
105 Va
105%
34
1st & ref M 3%s ser D_—1995
Texas
Xseubseiaer & Sara tog aRR Co—
(4.7*
1945)
for
tSARio Grande West
A 1st
1st
k Elec
7
gold 4S..1939
coll trust 4s A
&
cons
Rochester Gas
103
;
i960
L:'£'
37
4%s
1934
Baguenay Ewr Ltd 1st M 4%a,
108%
•>
-
1968
1st
ucu
00
_
Pacific
i83a
21%
k Elec
1st
Grand
Island
St Lawr & Adir
2d
gold 6s
& P 5s stpd
A Prior
lien
of
deposit
A Certificates
X
99 %
■
of
r,T'-„r
—
"
5658
59%
66"%
63%
67%
46
49
48 Vo
46%
-f"*
56%
t'
.
-
J-J
deposit——
'
1978
M-8
Certificates of deposit stpd
-M
■
100 '
101'/a
Union
:
63%
v
v
*
bond
4s
certificates
A2d 4s lnc bond
M-N
1989
•-
m
1
'V V5:
Cons
96%
86
89
59
86
91
99
99
99
17
99
102
St
Paul
Union
Scioto V & N
Depot 3yBs B__
E
1st
gtd 4s
— —
.^2.
1950
A-O
---
of
deposit
*
-
♦132%
—
»
vw
1959
ACtfs of dep (N Y Trust)
,Tr.
JL18
60
„
•
'
ACtfs of dep
A Certificates
W
1st
Air
4s
uitge
Gen
of
Line
A
ser
Fla
All
61
Union ;Oii 2%s
-3.,'
A
debs
60%
69
105
110
99%
F-A
19%
Southern Bell Tel & Tel Co—.
3s debentures
„2%s. debentures 44^-4/4;,,., 1985
Southern Pacific Co—A
112
J-J
—
1st 4y3s
(Oregon Lines) A
106 %
108
21
102 %
104
1
1043'a
105%
Gold 4>A«
Pran
n
Southern
Af-S
2%s
RR
—
/ .105
104%
107%
J-J
J-J
1996
Devel k gen .As——
r~r-1956
Devel k gen 6VaS——1958
1st
St Louis Div
gold Aa—;——
gold
1st
»qqq
143
36
106 Va
107%
57
♦
135 %
107'A 107%
—-
^Spokane Internal 1st gold AVaS—2013
Oil of Calif 2%s debs
.1966
Apr
Standard. Oil
—1961
M-N
„194T
Af-N
8unray Oil Corp 3% debs
Superior Oil 3%s aebs—
Swift*:Co 2%s deha
,
; ;
4.'
106
; /
;
.fcT. ♦105%
:
5
—
"104'A 104%;
:
«*
67%
106
'
—
'
Zrk'J :
9
24
107%
151
105
y^, 109
28
' 104
103
•
108%
llOVa
106 %
110>A
105'A 106%
105%
104% 105%
398
106
105% 106%
67
'♦103%
M -N
J-J
J-J
.
108 %
105%
93 %
90 Va
86%
w
104%
102 %
103%
90
M-S
♦109% 110 ;
M-S
♦104
103 >A
103 »A
105
106% 106%
M-B
3
A-O
106%
108
105%
104%
105%
1051
117% 117%
■:>:
♦118
J-J
.
83%
89
84%
87%
47%
3 37%
49%
•i'
Af~N
4s^..l936
of deposi^i^^i-^;;.'
1968
Service 3y48
1971
46
♦109%
J-J
48
36%
♦45
107
—
^d Ex-interest
108
109
107% 107%
A-0
3
86 Vb
85
J-J
1941
S* Deferred delivery sale hot included in the year's range,
the
107%
105%
106%: 107%
107
Af-S
1958
104
,115% 116%
102 ya
109%
«Odd-lot sale not
sale not included in the years range,
rCasn saie
maturity.
tThe price represented is the dollar quotation per 200interest payable at the exchange rate of $4.8484. ;
; ; %• .
JCompanies reported as being In bankruptcy, receivership, or reorganized under Section 77 of
Bankruptcy Act, or securities assumed by such companies.
*,
♦Friday's bid and asked prices; no sales being transacted during current week.
•
4
ABonds selling flat.
1
■,
"V
,
5Negotiability impaired by
pound unit of bonds. Accrued
105%
102
;
110
;
Af-N
1970
68%
64%
22
:
108% 108%
included in the year's range,
nUnder-the-rule
not included in the year's range,
y Ex-coupon.
: *105% 107
71
r
"4.^
63%
3
107
103'A
106
102%
107%
t
66 Va
107
102
F-A
Public
69%
...
J-D
1951
2361
1st/4s—.—.1980
12
^ 103V2
♦106
v
1st mortgage 3s
110%
97 y«
—
3 ♦116% 118
J-J
—..^.—2361
Co
Wisconsin
3
109 V4
103
&
106
36
107
♦67
Union
series C
102%
♦_.
105%
1st 4s
100%
♦104
1 lOt's
Mfg 2'4s
guaranteed
106 V*
6
93
""
J-D
4VaS-.—.1950
104'/2
106
A-O
Telegraph Cc—
101
97
46
♦103%
J-D
1966
i
1
35
101,.. 101.%.
F-A
3%s_>2000
113
95%
95
95 ya
May
; A Certificates
128
107%
—
65
J-D
1958
N J deb 3s
61
♦107'A
-
66%
J-D
1959
;
111%
.
106%
104% 105 *A
105'A
A-0
fASu A Du div A term 1st
123 %
122 >A
8
Ji 09
100'A 100 »A
100%
F-A
Wisconsin Elec Power 3Vis
126%, 135%
—
108% 109'A
Apr
Apr,
M-S
tAWisconsln Central 1st 4s
ACertiiicates of deposit
104% 107%
117%
34
122% 123'A
123
A-0
Stand
9
119% 120
106%
1104; 3
.
111% 111%
A-0
Power 3%s series I
Winston-Salem S B
106%
'136% 145
.
103%
—
109
109
Af-N
1st 4s.—.^..1952
Facific 4%s inc ser A—2014
Wilson
103%
142
M-N
104'A
103%
♦119%
A-O
1955
ref gtd gold
Wheeling 8teel 3V*
101% 103%
103% 106%
1
•;
♦103%
J-J
Wheeling A Lake Erie RR 4s——1949
Gen & ref M 2%s series A
1992
105 Y*
2
-
''104
J-J
1985
debs
■
•
104
J-J
Public Service 3yeS_-1974
103%
27
106
106
3f-S
3
3'As
Registered
106% 106%
104
1st
West Stiore
104% 109%
107
A-O
.
1951
4s
Pouthwestern Bell Tel 2%s
Southwestern
102
7
104
A-O
5s
105 %
*114%
—1970
Wcstinghouse El A
106%
302% 105%
113
104
A-O
i
104 %
103% 103%:: v; y~t 29
-.
jir-s
1975
25-year gold 58....^^....—..1951
30-year 5s————1960
107%,
131
♦101% 102'A
-
J-J
Mem Div
;;
106% 106%'
—
J-J
C-.44
107'A HO
13,
v-,
4s-...^.—1955
Pundirg & real estate
104
"
1994
series
104%
1037A
V 33
1037A 104
.♦115%'.-':
Western
112
104
4140
•
106% 108
A-O
109 V*
103
103 % 105
Af-N
1956
3Vis
Southern Ry 1st cons gold
Devel & gen 4s series A
"'
F-A
Western; Maryland
107%
Co—
A
ser
B
105 V/a
' *104% 107%
__
103%
Western
105
105%
%2
103% 105
Af-N
1986
1st 4s
Term
j 3%s series
;
104% 106
1961
•„
„
102%
M-N
inc ser A
Jan 1981
inc 4J/as ser B__Jan 1991
Petroleum
West Penn
78
102
t
10
107% 107 %
105%
1969
,,
_
Pacific
1st mtge
,
107%
Af-S
1950
,r
Gold 4yas
8s
F-A
1981
:
Gold 4%s
73%
1
5
>
112
1977
ip«fl
.
8;-;
F-A
;4;
.1979
—
—
104%
Q-Af
♦129%
A-0
A-O
Af-a %. v
»
Washington Terminal 2%s ser A-.1970
Westcnester Ltg 5s bipd gtd
1950
Oen mtge 3^8————....—1967
25%
9
75 s, e
75%
104% 104 Va
105 3 4 105%
J-J
J-J
■
103%
107% 107%
Washington Central Ry 1st 4s__—1948
-
South & Nor Ala RR gtd 5s
34
,*103% 104 Va
103%
4*1959
2003
5S.-.M—.1958
Warren RR
90 %
105 Va 105 y2
..1964
1963
106'A
34
'
105 Va 105 Va
J-J
Baking Co SVitS debs.
Warren
101 Vi
80
6,002
102 y2 103 %•
1021/2
J-J
J-J
.
112%
104
21
.
,
4'
A-0
(subordinated)
110
106 Va 107
Af-N
—1954
...
34
34 "
*
—
4-1947.
mtge 3y4S ser B—.1971
Ward
8IV2
"':.;Y17
24%-
24 %
P-A
—1965
110%
«4i ■#
.•—4
4
J-D
lat gold 5s..l949
Walworth Co 1st mtge
105
:
88
84'a
2%s sinking fund debentures
1961
tf A8ilesian-A*n Corp coll tr 7s_—-1941
Skelly Oil 2%s debs—;
BoconyrVacuum Oil.3s
•:v111% 112% ;-r
A-O
—1990
3%s debs-
Coal A Coke
Iron
1st
80%
♦100% 100%
86
4
ctfs._...-1935
106%
RR—
grant 4B—U.
AGen mtge
81%
32
!'r
107
•
:
69
69
'mf—
71
4
54
mam
18 ^
71
iiiej'''*"'
wi._
6s
ii
70%
—
—
Seagram (Joseph E) & Sons 3'As. 1965
Shell
69
U-S
„
-
Af-N
A-O
AGen mtge 4s
61%
Co—
mtge 4%s ser A wi
t A Seaboard
-
69
*>
deposit
RR
— —
110
105'/a
104 ya
100'/a
110;
—
Wabnsh RR Co—
129%
55
■
;:> -.54'
70
71
u-s
ACtfs of dep (Chemical Bank)
ISAAtl & Birm 1st gtd 4s
—1933
Seaboard
54
70%
•rnrnm
(Guaranty Trust)
♦109%
"
cons g 48 series A___ 1955
f 4a series B-i-»—1957
..1st.-cons
122
51
56
71
ACtfs of dep- (Chemical Bank)-—
A 1st cons 6# series A—IB45
65 y4
-104 Va
103
100%
♦104
;V
Virginian Ry 3s ser B....—1995
'
1
95
51%
132%
mM' -'•122 f
128% ■"*: t
&
*
A-0
-
128%
j.,;
*»«•«■»
fARefunding 4s
~
104Va
♦103
Af-S
RR
s
.
63%
105%
132%
'•
♦106V8
M-N
65 y4
F- A
Va & Southwest 1st gtd 5s
-
54%
105%
26
56
55
55
.
•
1989
stamped
ACertificate
Va
r
F-A
A-0
{Seaboard Air Line Ry—
JA-ls gold
93
*
'
"
♦112
J-D
1971
95"
♦100 Va
J-J
Virginia Electric & Power Co—
1st & ref mtge 2%s ser E_
97
96%
89
J-J
105%
88 Vb
93
60
v;
J-D
.4-1945
(Chic) 5s
Pictures
Vandalla
119
115
"
J-J
Nov 1989
104%
104% 10514
J-D
9
''
♦118.
'
-
J-J
ctfs
ref
&
106
♦105
4.-1955 '
1952
A Gen
Pacuic
1st A land
Universal
gold 5s series A
1990
St Paul & Duluth 1st cons gold 4s_1968
*§ASt P & K C Sh L gtd 4%».
1941
IA 1st term & unifying 5s
142 y4
103%
1,063
48%
'
1st
1975
2%s
tr
mtge 3s series B.
tSt Louis-Southwestern Ry—
;
■<
152%
8
131
150
11
48 7 a
•
106% 107
150
108 %
210
67%
'
108
A-O
4-1970
1,418
3
61%
62%
J-J
„
1950
ACons M 4%s series A
A
97 Ms
,
P: APrior lien 5s series B
106%
J-J
Union Oil of Calif 3s debs
-
A—-44—1950
4s ser
A Certificates
;
v
95
1955
<
St L Rocky Mt
*f8t Louis San Francisco Ry
coll
&
98
1996
5s
M
t§AUnion Elev By
102 Va- 102 %
1996
1st gold
105%
22
> 11
24
103% 105%
1947
1st 4s
104%
J-D
1949
1960
gold 5s
3ya debs
Tri-Continental Corp
20%
1st
&
107%
3
J-J
Tenn RR of New Orl 3%s__1974
Trenton Gas
74
.
26
1U5V4 105'A
JW-N
Union Electric Co of Mo 3%s. .-..1971
Jos
136 >A
108'A 1085/a
J-D
1965
1st
1960
Jan 1960
Tol & Ohio Cent ref k impt 3%s__1960
Toronto Ham & Buff 1st gold 4s„1940
109 V«
64 Vi
-
1949
1941
8t
129 %
104>4 104%
13614 136'A
A-O
Ry 1st ref 4s
AAdJ Income 5s
108% 108%
1967
1969
mtge 3Vis series J
Louis
High
A-0
Third Ave
;„1967
tARut-Canadian 4s stpd
SIARutland RR 4%s stamped
&
Low
M-N
2019
-.1985
_
debentures
Pac
V:'"bffl'-'to
Gen mtge 3%s series H
Gen mtge 3%s series I
Gen
January 1
Texas Pacific-Missouri— '
87 Va
•4Genmtge "4%AtSeries\D444^iW:
18AR I Ark
High
J-J
gold 5s
2000
Gen & ref M 37/«s ser E——1985
115
76
Corp—*
cotnpu.uj
Texas &
Y04^i
107%
-
16
1949
3s
108
107 Ve
4
due_1975
Revere Copper & Brass 3V48
&
imp M 4s ser C
Ref & imp 27/»s series D—
Reading Co Jersev Cent coll 4«rinsi
mtge
Sold
No.
Transmission—
Gas &
1st mtge pipe line 3s
—1965
Terminal RR Assn of 8t Louis—
Oen
Low
Range Since
Bonds
Friday's
or
Bid A Asked
/r
♦104Va 10514
Quaker Oats 2%s deb.
,
Week's Ranee
Last
»
Sale Price
Period
January 1
105 Va
104% 106
,
NEW YORK CURB EXCHANGE
WEEKLY
AND
RECORD
YEARLY
NOTICE—Cash and deferred delivery sales are disregarded in the week's range unless they are the only transactions of
in a footnote.in the week in which they occur.
No account is taken of such sales in computing the range for the year.
In the following
extensive list
we
furnish
complete record of the transactions on the New York
a
March 2 and ending the present Friday (March 8,
security, whether stock
or
bond, in which
:
•
STOCKS
New
Week's
Range
Of Prices
Shares
ACF-Brill Motors warrants
Co
5
Aero Supply Mfg class A
;3, Glass r B—
Ainswoith Mfg common
(N
9
Investors
Convertible
~6%
lireon Mfg Corp.
60c
convertible
Air-Way
.Alabama
Electric
Great
_
6%
v' $6 preferred
3 Alles &-Fisher
,
Allied
Int'l
>
Allied
ProHucts
16% Jan
300
2
5%
5'/4
100
_
10
3
5c
^
$7 preferred
i
•
:
,
■
*
1
common
Investing $3 conv pfd
(Mich)
-
Daee..3?3 4.
Jan
13%
Jan
Aluminum
Goods
22%
Jan
Aluminum
Industries common
5%
15
Jan.
7% Feb
Aluminium
Jan
19
■
$%
:■
SM'M
18%
8%
129
-
5% Feb
5% Feb
9,706
13% Feb
17%
Jan
Americon
19%
2.200
17%
Feb
22%
Jan
American
118
118
107Va 107%
mm
Feb
9%
Jan
30
128%
Jan
133%
Jan
30
116%
Jan
!' 119 V'4
Feb
107
Jan-
109%
Jan
700
8%
.
/
v"-"
'70'
,7
100
13%
59%
13%
13%
250
61
12%
Jan
Feb
48
Jan
Jan
61
Feb
Mar
14.
48
3:
;;
14 Va Jan
"
50
13%
"#
;
Jan
,6,400
■%n: 400
—v„
Range Since January
»ii)2,70O.
144% 475,
Cities
Power
I
•276%
^ 63%
Jan
,115'/e Jan
?4 r-V Jan
—
1
High
.
Feb
Feb
121
25 Va
Feb
■26
Jan
175
Mar
111
21 r Jan
116% Jan
s^ajOv^Feb.-:
2ioo
commonM.»...w..l
Co.—.--——100
Central Mfg
1
Book
'
,2'.
'
170%
f
LOW
,V\ ft"**
Jan
"
'4%:-;/4%
18
,,
54
50
*
8%
49 4
,v.:
3V»
22
4%
200
900
18%
54
18
•
-
•
& ^lght—
Convertible class A————28' '' j4 "
Class. A...-—29 '
51
Class
1
M
American Cyanamld Co common
10
' 51,4
American & Foreign Power warrants—
3 a
American
Fork & Hoe common
•
-American Gas & Electric——
10 $|4l /*
4% *
preferrea
100
h,
,1'?"
H
41 Vs
—
Ss
65
Jan
"16%
Feb
22
% Jan
50%
,
54%
Jan
Jan
51 Va
7%
Jan
10
Jan
47%
Jan
55%
Jan
1%
Jan
5%
Jan
:150
21%
Feb
26%
Jan
6,200
X40%
Feb
45%
Jan
1,150
9%
fi
2.400"
-
3,400
3%
11,100
22%
111% 111%
Jan
47%
r
42
Feb
Mar
350'
51%
51%
5%
Jan
58
58 Va ,,V50
58
--
'''
40-
13 %
222*
*
American Beverage
15
130
common
-
Shares ■*
:
18 :
129
*117%
23% Feb
;
14'
m+t;:
Ltd
Mfg..
preferred.«Mn.M...^««>-r>-
American
_•
10
2ioo
preferred-
for Week
Hiah
67.
71%
Xll7%118%
71
Aluminum Co common
Jan
iff
,
Appliance
see
5% Jan
1,500
19%
Southern
footnofe«:
7,300
19%
Aitorfer Bros Co common
For
7%
J)-3—„ |
preferred...
Alabama Power Co
l.lOO
17-
,
30%
"6%
16%
Preferred,^.
11% Feb
Jan
'•
g
common
Feb
9
Sales
;
Range
of Prices >
Lout
Par
21% Mar
6% m
'
Air
400'
9Va
Week's
Friday
Last
Sale Price
High:
LOU>
'
!
8
Range Since January 1
27%
i ;i
i-i .3.
;
MARCH
•^^Jv-STOCKg-^v';
New York Curb Exchange
,
J
..
ENDING
,
16
A D F Co--—
Air Associates Inc
Sales
£010( High. :2
9
„,
common
FOR WEEK
for Week
Sale Price
V'ire
RANGE
„
week beginning on Saturday
Exchange itself, and is intended to include every
dealings have occurred during the current year.
'
Last
Par
Acme
any
'
f
selling outside the regular weekly range are shown. ;
Curb Exchange for the
It is compiled from the daily reports of the Curb
1946.)
Friday
■i
Curb- Exehaugo
York
/
the week, and when
50
p
110%
Jaq
<
113
Jan
Jan
COMMERCIAL & FINANCIAL CHRONICLE
THE
"
NEW YORK CURB EXCHANGE
'
Friday
V-:y'."7:
§TO*RB^
Sale Price
preferred
preferred
,-1
$2.50 convertible
Laundry
6ft
preferred
Mfg C<r
Maracalbo
Potash
American
50
300
47
Feb
52
Jan
54
Feb
Central
300
24
Jan
33%
Feb
{Cent States Elec 6ft
29
29%
4%
50%
9%
9%
2%
3
—9
6%
7%
preferred
5
Writing Paper common——9
11%
11%
Chamberlin Co of America
Cnaris
ser
20% Feb
11
Angerman Co Inc
Feb
3%
Jan
121
59%
Jan
7%
Feb
Jan
changed
name
12% Feb
11%
12%
1,100
9%
Jan
•—
13%
13%
400
13%
Feb
$6
15% Feb
17% Feb
60c
^
Am dep rets ord reg
Angostura-Wupperman
5%
iiv»
preferred——
10
Equipment Corp—-——'.2.50
Oil ft Refining Co
X
Ashland
Associated Electric
Associated Tel ft Tel
pfd.,100
Co
Claude
Feb
5%
Feb
7
5%
Feb
7% Jan
10%
10%
10%
500
10%
Jan
22%
22%
22%
12
10%
12
11%
11%
100
4,200
2%
Jan
11% Mar
3% Feb
Colonial
3%
10%
25
9%
Feb
11% Jan
Colt's Patent Fire
112%
400
14% Jan
Jan
Jan
Clinchfield
Jan
115%
Clinton
Feb
11
Club
22
Feb
Mar
13%
12%
78
78
.....—.1
10%
12%
3,300
Feb
25
78
Mar
91
15,000
8
Jan
1,300
24
Jan
' Jan
..1
common
Barlow
ft
Seelig
7 ft. 1st
Beau
100
41%
Beck
Ridge Corp common
$3 optional convertible
Co——
Fuel
&
Jan
8%
—28
Arms
100
Jan
42%
Feb
series B preferred
14
Jan
Jan
Comxm ft
1,300
50.1
Jan
81
'
Mar
1,000
.21 ya
Jan
25%
Feb
2,200
6%
Jan
9%
Feb
...—9
—10u
28
34
34%
50
24%
24%
27%
5%
5%
13,600
13,200
preferred—.*
Co common
55%
9
55%
33
34%
34%
47%
Jan
,
25
65
Jan
26
Jan
1,800
23%
Feb
27%
21%
Jan
31%
4%
Jan
5%
26
5%
Feb
Dayton Rubber Mfg new com
22%
6%
6%
1,600
1%
—
■:'r
B%
■
10
Bunker Hill ft Sullivan
Burma Corp Am dep rets
Burry Biscuit Corp...
Butler (P H) common..
-12%e
2%.
9%
II
10%
7%
Feb
Detroit
44
Jan
68% Jan
Jan
Canada Bread Co, Ltd.!
Canada Cement Co Ltd
Jan
1,600
19% Feb
231,
Jan
Divco
2% Feb
4
Feb
8%
Feb,.
900
7%
Mar
200 ; 1' 4%
1.300
;
-.12% Jan
r"
V4
Feb
r; Feb
6
Feb
4% Feb
Jan
9%
Jan
13%
Jan
11%
Jan
25
dan
16
100
9
20% Jan
13%
Jan
16%
Jan
.3%
S
Feb
4%
Jan
30
111% Mar
26
Mar
30%
Jan
12%
1,600
11%
Jan
14%
Feb
J2%
2%
2%
15,000
1%
Jan
3%
Feb
47%
,46 "
900,
47%
■6%
6%
.
60
"5%
.
39%
125
Feb
108% Mar
Jan
100
5,200
;
47% Mar
7% Jan
Jan
6%
1,800
108%
.5%
31
4% Jan
37%
Feb
10%
27
24%
3%
-
3%
6% Jan,
^:43;
Jan
"
Feb
11
3%
Jan
33%
24% Mar
12,300
25,100
Jan
Jan
5V8
Feb
13
Jan
20%
Jan
14%
500
1,200
Feb
18
Jan
800
7%
Feb
9%
Jan
19%
200
18%
Jan
20%
Jan
7%
2,900
6%
Jan
8%
29%
Jan
32%
Jan
4%
4%
500
4% Mar
5%
Jan
32%
30%
33%
7,000
28%
27%
29
550
10
10
10
50
8
7%
19
8 %
,
55
*
Jan
Feb
Jan
58
Jan
36%
Feb
i
27 Va Mar
38 3 4
Jan
1
30%
8%
Jan
13%
Feb
16%
53
54
Feb
20
Feb
24
4,200
r
55
Jan
50
75
21%
Feb
21
13%
13%
'14%
20
Jan
37%
Jah
Jan
13Vk
3,900
25%
Jan
13
200
16
150
Feb
36%
Jan
15
11%
12
Jan
7 Feb
170
Jan
Jan
Feb
21%
-
Jan
20%
Feb
13 %
24%
Feb
23%
~5%';
Jan
Jan
178
"11:
1,700
Jan
17%
140
145
148
Jan
*."••7% Feb :
6%
2.400
4%
Jan
10%
2,300
8%
Jan
12%
Feb
32 % Mar
37%
Feb
10%
103i
32%
33%
300
39
43%
220
:37
i
43
Jan
% Mar
17%
19%
17%
1,800...
Co
•'
6%-'.
7%
Bridge Co Ltd
Tar
ft
Draper Corp...
65;
Feb
Mar
23
87
,
Jan
;
"
-8% Feb
41%
40 ;7 Jan
12%~Mar
Chem Co Ltd
Co Ltd
Feb: '
Feb
—45,.
'^■5% *Jan
.
8teel ft, Coal B—
Textile
24%
20% Mar
-i;68%^68%
common—
Domestic Industries class A
Jan,d
19%
Feb
29% 3an
?,.20%>23*
common
Dobeckmun
Jan
22 »/2
19%
£1
Corporation
New
Jan
-^15% ;-Feb::
:.:84!%!Feb>(
91%^ jan:
.1
,;65
Driver Harris Co.
,
.
Feb
102% --102% 103
Duke Power Co;
Dunlop Rubber Co T,td—
Am
dep rets ord reg
—
£1
Hosiery class B common.—•
Corp common—.—
1
Duval Texas Bulpbur—....
>
l
Jan X
10% Feb >
19%
Durham
Duro Test
•
16%
Feb
;i
Jan
eastern Malleable Iron;
Eastern
Feb
34
Jan
Jan
27%
Feb
52%
Feb
59% Jan
117
Jan
117
Jan
12%
Products.
"
America
j
~~100
pfd_ll00
1314,
19%
19%
100
10
14%
X14
14%
2,500
Jan
14
Jan
18%
Feb
22%
Jan
34%
19%
I
4%ft prior preferredr...—H
6%
preferred..
.u". —1<
'——J
35
32%
com moo
Cast Gas & Fuel Assoc common,
Jan
20
Class B
Jan
250
12%
Feb
15% Feb
,—•:
page
110%
27
•26
-V:
Carolina P ft L $5 pfd!
Carter (J W) Co com..
see
110
111% 111%
12%
27
"33%'
common
rets ord reg.
dep
Dominion
5
9
footnotes
Feb
Jan
34
9
——
Central Maine Power 7ft
pfd
York Power 5ft
Feb
33
'
——9
Carman ft Co class A
For
j
<
8% Feb
1
common
Central New
12%
Jan
400
Distillers. Co Ltd—
Am
3,900
9
1
20
—1
1
Jan
Jan
9
of
Jan
25 Ve
■
Jan
45
1
(A M) ft Co
9%
2,000
•
common^^,.———
preferred ,,.,;
.m.-.'.H;
Diana Stores Corp
—1
18
10
Capital City Products———
Castle
4,200
38%
;:1ft;
Dominion
4%
11'
28%
Vilbiss Co
'15%
;
voting
Casco
De
Mar
;
-
8
Canadian Marconi—
Feb
12% Jan
pfd———£1
6 %ft
preferred
Canadian Industrial Alcohol—
Class A voting——.
Corp
102%
Mich Stove Co
Detroit Steel Products.
18 U Jan
5
Insurance
Jan
■.
Dominion
5
Corp..
•
Dominion
4%
Sugar Estate
California Electric Power—.
4%
...
Jan
..
80s
Calamba
Jan
13%
8%
60c
Feb
47
10%
26%
.—...100
Jan
M' c
Cable Electric Products common
Voting trust certificates
Cables ft Wireless—
Feb
37%
—
12 «
Feb
Jan
27
33,100
V
Jan
10%
28%
50c
common——.—8
——.80
33
3%
8%
•».«.
3
9%
250
$6 prior preferred
8% debenture
,100
1,800
•
3
Jan
7%
Jan
mm
;
20
6%
35
Jan
*
2,600
13% 14
19%: 20
Jan
4%
__
50c
—
Jan
«
2,100
—
13%
Mar
9i/2
100
—;
24%
——
convertible
Derby Oil ft P.ef -Corp— ,;„r;
Detroit Gasket ft Mfg——
,■-6 ft
preferred.
Detroit Gray Iron Foundry
2,100
•-i' |-v
...
American dep rets 5%
Class A
Mar
25%
,
'
58
3,100
>
Mar
31
■:;
4;,...;:
52
;,'V 22%
•
100
-
12
5%
'5
'
"4%
2.50
Davenport Hosiery Mills
mm
Jan
Feb
Jan
,'v
83%
29%
Feb
Feb
..
Jan
Jan
<
Feb
31
Feb
11%
'
12%
Jan
•
23%
7%
1,400
r
Feb
Jan
'7%
common
33
6%
57%
Mills Ltd
Buckeye Pipe Line
Catalin
Lighting Inc
Curtis Mfg Co (Mo)
24%
..
11%
..
Brown Rubber Co common
Bruce (EL) Co common
Carnation Co
Curtis
33%
6%
112
9%
~;7%
common
8%
4
—
Brown Forman Distillers
$5 prior preferred
non
Tobacco
Dejay Stores common
Dennison Mfg class A
Brown Fence ft Wire commonClass A preferred—
Class B
Sugar.———
22%
—
Jan
22
9
Atlantic
20 %
10s
Jan
71%
9
.—.10
8
common
Cuban
24
Amer dep rets ord reg—
Power class
Fire
Crystal Oil Refining
$6
preferred..
33%
Celanese Ltd—
Jan
118%
1,525
*
A—
7%
dep rects ord bearer—
dep rets ord reg——
Jan
Jan
Jan
1,000
15,700
24%
31
_
Camden
Jan
Jan
common.
Tungsten
Jan
57% Jan
150
21% Mar
A
Cailite
39 %
Feb
Mar
39
British American Oil Co.
British American Tobacco—
Silk
56%
—8
Cork International
Cuban
Bridgeport Oil Co
Bruck
Crown
Crown Drug Co common
25©
1 ft convertible preferred——..—28
45
Inc
—
Jan
Feb
135
Jan
2,100
15%
Jan
10
91
3,000
16
6%
200
135
Feb
115%
80
10%
15 %
29%
Jan
44%
24%
82
400
Feb
27%
15%
48%
Feb
Jan
Jan
77%
15%
Feb
55
5
Mar
16%
1,300
Feb
10
76%
15%
Crosley Motors Inc
Crowley Milner & Co
Crown Cent Petrol (Md)
Jan
25%
3%
Feb
9
23%
r26%
.
77
9
1
Feb
—
Jan
600
200
■>.-
3%
Petroleum
Brewing Co
5%
*
Feb
-
23%
400
>-
47%
135
30
Jan
26%
Feb
Feb
Jan
17%
1
16%
Jan
13
3%
350
8
21%
100
300
7,900
^39 %
convertible
Croft
6
Mar
5%
105'?
Creole
40%
Mar
Jan
108%
—
Jan
Jan
4%
19%
37%
20%
-'39"
Reynolds..——
Jan
34%
37%
13%
-•
Jan
Mar
200
,400
1 *$6 preferred A———i
—9 44108 %
Cosden Petroleum common———1
' 5%
5,ft
Jan
259,700
117% 118
...100
preferred.
prior
—
*
Jan
'
preferred.—A——50
Courtaulds Ltd—
'
"V,
American dep receipts (ord reg)—£1
13,200
20
1
Fdy ft Machine Co—
Continental Gas ft Electric Cc—
.
43
44%
5%
Feb
Continental
3%
—10
Consolidated Royalty Oil—
Consolidated Steel Corp.:
Consol Textile Co—
125
40
Feb
4%
10%
Feb
Mar
Jan
%
38
20
27%
Jan
181
Feb
%
40%
4%
——1
20
Jan
100%
20%
ft Smelt Ltd—.8
—1
Utilities
Gas
Jan
165
Jan
300
100
preferred series C
Cook Paint ft Varnish Co.
400
97
99%
85%
Copper Range Co—
—9
Cornucopia Gold Mines..——
..5c
Coro Inc
—*
181
Jan
84
Feb
8%
39%
85
Jan
17%
1,000
*
100
12
200
42%
12%
'48 ' •
4
21%
17%
41%
','42%'
Jan
21
Feb
6
Jan
Jan
3%
Jan
•
..1
6%
4% Mar
7%
18%
8%
13%
Feb
Jan
27%
21
19%
20
9%
16%
1,000
———1
Co
50
13%
Jan
.Feb
7%
15
8,100
-fit
1,100
20
Jan
Feb
8%
37%
10%
5%
Jan
Jan
A
30%
{'e
20%
4%
2,000
19%
Feb
8%
37%
Feb
40
100
9
Biscuit
Consolidated Mining
49% Jan
29
wariants—
15
5
17%
.
250
5%
'4%
'5
29%
Jan
.1
9%
15%
15
1
wrnts
Iron
8%
25
——9
100
Gas ft Electric—
Consolidated
37% Feb
-15
(new)—
Airlines
13,300
176
9%
9
9
common
125
preferred————100
Brltisb Columbia
Class B
37
13%
5
Am
Mar
Jan
24
Am
33%
Mar
Brewster' Aeronautical.....—..
Bridgeport Gas Light Co—_—
British
300
12
81
(S) ft Co.—..———*•'
Mfg Co
34%
20
8crymser Co
Class
33%
Jan
Brazilian Traction Lgt ft Pwr..
Breeze Corp common
Brillo
88
Jan
7%
Blue
Bourjols
49
Jan
10%
—.1
Bickfords Inc common
Borne
Feb
60
15%
22%
Birdsboro Steel Fdy ft Mach Co com..9
Blauner's common
—9
Bliss (E W) common
1
(H C)
44
125
100
65%
Benson ft Hedges common
Convertible preferred
Berkey ft Gay Furniture
7ft 1st
25
75
17
———.—.100
Bohack
17%
45
400
1
17%" Jan
■:
17%
12
—10
1
Corp-—
Feb
73
1
Utensil
7%
xl4%
45
9%
Bellanca Aircraft common
Bell Tel of Canada
Blumenthal
Feb
preferred
$3
Jan
7ft
common
(A, 61 Shoe
Feb:
Jan
9
16%
preferred—————100
Beauni: Mills Inc
12%
Mar
Conn Gas & Coke Secur common..—9
39% Feb
2,800
42%
16
Jan
Jan
145
6%
20%
—1
Feb
14%
Feb
Jan
37,400
27%
Mfg—
Brummel Ties
155
140 -Feb
13%
Jan
,6%
12%
$1.20 convertible A commonBasic Refractories Inc.—.—,
Baumann (L) common—.—.
2,300
Feb
3434
Feb
32
12
*
149% 154%
26%
9
—
Barium Steel Corp
14,600
Jan
15%
—...———
29%
Mar
Mar
Consolidated Retail Stores...
shares—
Jan
4
175
11
22% Jan
Jan
Banco de los Andes—
American
17%
Jan
Jan
Jan
2%
150
26%
Inc
Plow Co
Consolidated
42%
Baldwin Locomotive—
Baldwin Rubber Co
15
1.700
800
Community
4ft
42%
10,500
950
Feb
26%
.—30
28
—*
preference
4%ft
preferred.
425
3%
175
1
Consol G E L P Bait common
7ft
17%
2%
152
500
Feb
500
1
40%
15%
'
2%
158
15%
17
17%
25
Babcock ft Wilcox Co
Feb
11%
25%
17%
5
Feb
Feb
160
29:
10'/a Jan
8%
—
Jan
Jan
100
Commonwealth ft Southern
27% Feb
14%
300
....—
22
22%
Feb
20%
142
11%
18%
200
9%
common
17
25
100
14%
Mar
14%
(B PI ft 80ns
100
'
26%
Jan
25%
9%
preferred—
Jan
—'9
10
Public Service
28
Community Water Set vice.————1
Compo Shoe Machinery—
V t c extended to 1946
—1
14%
25%
Feb
29
Jan
—1
Development ordinary-
5ft
11% Jan
24%
Ayrshire Collieries Corp—
Aluminum
Colorado
16% Jan
—1
Products
Voting
Jan
9%
8
10 Va
Jan
140
Corp....
Industries
Columbia
9%
Coal
Coekshutt
Jan
*>
.—50
Feb
Jan
27% Jan
10%
2,300
12%
4934
6%
'
-
10%
36
Feb
493V Feb
16%
21
146
17%
•
151%
Lights Inc.....—
Clayton ft Lambert Mfg——
Cleveland Electric Illuminating
10%
;;
Jan
-
400
17%
21
28%
Neon
1,600
Machine..........9
Automatic
Automatic
6ft
Jan
8,700
1
Atlas Corp warrants
Atlas Plywood Corp
Avery
115%
2,400
3
37
Feb
48
144
8,300
8%
21
146
„—.10
Co
6
9
Fisheries
Atlantic Coast Line
-
Jan
Controller
Colon
class A
Birm ft Coast RR Co
Coast
Clark
6%
•
Atlanta
Jan
5%
"3
Jan
Jan
.20
45
8%.
>17%
—.4
1
...100
City Auto Stamping
City ft Suburban Homes..
42%
Industries—
American dep rects reg
...JE1
Associated Laundries of America
9
Atlantic
Jan,
6% Feb
Feb
5%
Arkansas Power ft Light $7 preferred.9
>43%
Jan'
13%
Jan
37
140"
47
20 %
10%
Feb
106
400
;
Jan
117%
75
45 %
\'
———-9
9
6
11% '
29,200
142
:
6
11%
13
45%
21%
Feb
to
preferred
preferred B
preferred BB
112
"'210
113% 114
^
Aro
19%
Jan
$6
37
r~
Arkansas Natural Gas common..
9
Common class A non-voting..—..9
6 ft
Jan
18
—£1
11%
44%
135'
139%
...5
25
IChilds Co preferred
Anglo-Iranian Oil Co Ltd—
Apex-Elec Mfg Co
Appalachian Elec
Jan
18
*
Feb
9
common
Sunbeam Corp
Chicago Rivet ft Mach
Chief Consolidated Mining—
Feb
Jan
12
1
common——.—
300
Chicago Flexible Shaft
Jan
Jan
Corp
Cherry-Burrell common
Jan
Cities Service common
Anchor Post Fence.....—
'■*
5
Chesebrougb Mfg.
Jan
19
117%
10
46% Feb
56
6%
1,100
High
18%
J
common
Jan
43
1,500
12%
5ft
Cessna Aircraft Co
Jan
Jan
2%
2,400
29
Jan
8%
300
41,400
55%
52%
pfd opt div
Jan
Mar
119%
54
Conv
19
100
100
100
100
32%
5%
Range Since January 1
Low
High
—
Low
f
50c
opt div ser
41
3,700
2
10c
9
Utilities
preferred
preferred
Conv pfd
Shares
100
West
South
ft
for Week
1
pfd
50%
15%
25
18%
7ft
& Lt 4 ft
24
Jan
4% Feb
400
42%
17%
$6 series preferred
American
20
'
27% Jan
28% Jan
1,000
10,000
Central Pow
Jan
46
Jan
2,700
22
Jan
Mar
50
Mar
24%
3,600
26%
41%
Seal-Kap common—
Superpower Corp com
Thread
25%
50%
11st $6 preferred
American
41
600
-•
Republics
American
Amer
,
15%
Range
of Prices
_
Products
Steel
Ohio
49%
—10
ft
Bales
-
Last
>
Par
Central
50
Chemical...,-—.,9
American Meter Co_
American
Exchange
*
1
500
1
,
■:•••'"•
15
25
25
Co.
Week'*
'-PHdajrSale Price
Curb
High
High
25
common
York
14%
20
Trac common
American
American
Range Sine© January I
■■
14%
25
Macb,
American Light ft
New
Shares
—1
American Hard Rubber Co
American
for Week
Low
*ar
>
convertible
Sales
Range
of Prices
"
AmericanGeneralCorpcommon.--iOO
$2
STOCKS
Week's
'
JLast
New York Curb Exchange
t
RANGE FOR WEEK ENDING MARCH 8
Jan
41
Feb
13%
Jan;
16%
Feb
$7
States Corp
preferred series A
—
$6 preferred series B„
"* r
230
■■■;
'
5;
I*.;$5;preferred
^.,.: rI'•■n
Easy Washing Machine B
Economy Grocery Stores
Electric Bond ft Share
common—.
120
105%.- .105% 105%
;
lastern Sugar Assoclatee-— ^/^
Jan
120
Jan
Feb
106%
Jan
$4.20 pfd. formerly
29%
:
$6—
Jan
25% Jan
75% Feb
$3.50'pfd formerly $5
105%
56%; Jan %
*14%; Jan v
78%* Jan
—-
,1
1631
Volume
Number 4471
§gf
|1 |g"
>
||
THE COMMERCIAL & FINANCIAL CHRONICLE '
*
1311
NEW YORK CURB EXCHANGE
RANGE FOE WEEK ENDING MARCH 8
i
Friday
f
Kui«
for
■
iMt
Curb Ixtkuc*
N«v York
Sales
Week's
Iff'1
v
$ Last
Sales
Week's
Friday
8TOOK8
Raw fork Cub Xxebangs
for Week
Bangs
'
Shares
of Prices
Sale Price
Sals Price
:tow
Per
Range Since January 1
High
Low
High
'
Electric Power & Light 2d
Option
Corp.
Watch
National
Elliott
Co
common
5% y preferred Empire District Electric 5% pfd—100
Emsco Derrick A Equipment—;—
•
Equity Corp cominon
10«
$3
Esquire
17%
17%
32
32
JO
—
1
Eversharp Inc new common
,
■'"
■■
7%
■
31%
14%
65%
1
Motor
67
JLi
Class
Ford
B
..
«
voting
of
Motor
7%
7%
140
7%
26%
65%
30
-1
Co
Franklin
Stores
M
—
Grain
29%
12%
12%
19%
5V2
100
Jan
Jan
*
27%
Jan
700
20
28%
—
'"
21
Feb
25%
20%
12,300
19%
Jan
24%
20
100
19%
Jan
24%
Jan
13%
Jan
11%
6%
6%
37%
31%
32%
—
1
trust etfi—*
2%
30
28%
com
;:vV
7% :
10%
Jan
yvy 4%
Jan
36%
Feb
1,350
-
750
26
1,700
30'A;
11
•
3
itnin-r .Y
3'/»
2%
11%
1,200
19'A
Jan
23
Jan
6%
2%
2,800
Power
feif 49 •>,, Jan
43%
43%
650
30
Jan
30
31%
300
30
Mar
—
—
.188
preferred.,
w»
„
34%
96
—
Feb
100%
dep rets ord
131
111% 111%
13%
11,600
Jan
13 Vu
Feb
14
Jan
14%
Feb
93%
98%
10
97
Jan
98% Mar
10
ton
1
•
10%
900
10
8%
1,600
10%
Feb
14%
reg
14%
Feb
9%
;
111%
>
Inc
...
•
Jan
18%
14%
Feb
12%
Knott Corp common
17%
Feb
Jan
10 %
Feb
800
Jan
12%
Feb
24
Mar
29%
Feb
•
General
•
104%
preferred
Kayon Co A stock—
General Shareholdings Corp com
$6 convertible preferred
1
•
•
13%
Feb
11%
Jan
1,000
110
Jan
109
105% 105%
104
22%
24%
19
22
37%
Corp__
37%
43%
Jan
55
Feb;
Jan
23
Lake Shore Mines Ltd.
20
Jan
21%
Feb
30
Jan
Lakey Foundry A Machine.
10%
12
Lamson Corp of Delaware—
Lane Wells Co common
1
Langendorf United Bakeries class A__*
Class- B—.,.,...■1—
Lanston Monotype Machine
—5
Lefcourt Realty common...
1
Convertible preferred- ml*
•
Prior preferred
Leonard Oil Development
—
26
Le Tourneau (R G) Inc
——1
Line Material Co
——.6
12%
13%
Feb
Consolidated
25%
!
;
8%
Feb
65'
Jan
69
Feb
36%
Feb
44
Feb
Jan
105
Jan
1
2%
Jan
4
48%
Jan
50
11%
Feb
14
Jan
•
51
Jan
52
Feb
58% Mar
71
Jan
31%
47%
Jan
„
L
Gorham
-10
conv
59%
58%
59%
100
pfd—28
37%
33 Va
38%
5,200
Jan
Jan
.....1
Grand Rapids Varnish
11%
11%
12%
800
11%
Feb
13%
18%
18
18%
1,100
17%
Feb
23%
Grayson-Robinson
Stores
i
,
31
31
32%
21%
5,600
Jan
37 %
Great Atlantic A Pacific Tea—
ij:
Non-voting common stock..
U
7%
1st preferred...
£■> C*rpftt Northern Pappr,
e
_
I:
Grocery Stores
109% 113
135% 136
-100
28
.....
•
|'f Greenfield Tap A Die
113
170
135% Mar
39
40
300
39
19%
20
700
17%
14 Va
400
13 V#
Hall
Lamp
Hamilton
Co
14
—
Bridge
Co
Ltd.
Rayon voting trust ctfs
Brewing Co
1
8%
Jan
36%
Feb
41%
67%
150
67
Mar
72%
Feb
5%
stores common..—
9
QM
Rubinstein
400
21%
1,100
15%
Co
common
5Vt%
preferred w w
Henry Holt As Co common.
16%
3,100
15%
Feb
40
125
40
Feb
Feb
14%
100
14% Mar
60
107'/4-Feb
775
19 V# Mar
107% 108
19 Va
21
Heyden Chemical common—...
46%
70
(R)
& Co class A
Hollinger Consolidated G
58%
<
3,100
40
76%
1,500
65
Feb
2,000
13%
Jan
-
Jan
Hormel
Co
19%
Jan
Mass Utilities Association V
19%
Feb
44%
Jan
16%
Jan
McCord
17
Jan
111
15%
17%
22% Jan
31
Feb
21%
25
20%
Jan
40%
20
40%
Jan
44%
Horn & Hardart
Baking Co
Horn & Hardart common-..-.
6%proforrp/1
Howard
Stores
.
V ;v
Corp.
.
-
•
•
140r
39%
inrt
1
w
40
115% 115%
33
34%
37%
575
10
115
,
32%
1,200
Feb
i
140%
Jan
Feb
Feb
115% Mar
Feb
39% Jan
Metal Textile Corp__'
Participating
Hubbell
(Harvey) Inc
30%
30%
100
Humble
Oil
51%
53%
6,300
11%
11%
1.300
23%
27'
1,200
4714
47%
15
16
&
Reflnin;
Corp.
Hussmann Ligonier Co...
$2.25 preferred:
Com stk purch warrants.
Huyler's common
Hummel-Ross
Fibre
1st preferred
Hydro Electric Securities
Hygrade Food Products.
■
8%
45
28%
....
9%
K 45%
6
f
,700:
Feb
Jan
30%
Jan
45%
48
Jan
i...
100
Jan
Mar
8*
43
400
28%
55
15
350 ;
r 6%
33% Jan
14
23% Mar
50
500
30% Feb
48% Jan
11% Mar
■■
preferred
.
5
Jan,
Jan
Jan
22% Jan
17%
10%
-50
7%
32
Jan
Feb
Jan
Feb
Feb
32%
For faotn&tes
see
-
;,
32
32%
19%
page 1314.
-
68% ;f70
1,000
18%
19%
400
-
31
Feb
63%
Feb
3,000
18%
Jan
25%
27%
1,800
8%
8%
8%
1,700
■f 25
Feb
8% Jan
23%, 30
20
| 11 |
~9%
9%
;
22
11
9%
eupply
5%
conv
common
preferred
Mining Corp of Canada
Minnesota P St L 5%
pfd
—*
—50
10
*
1
1
50
——*
100
1,900
;'-*f
•
800
1 *8 |§
4%
y
5
2
-450
20
93
9%
9%
Jan
Jan
Jan
Jan
60
.y jan
9%; Feb
17%
Jan
5%
Jan
ff-llVa Jan
Jan
„
■""12% Jan
7% Feb
t., -Feb
Jan
'13% Jan
Feb
24%
Feb
15 V#
Feb
18
-
Jan
3,300
;3V2
Jan
4%
Feb
1,500
^--19
-
24,800
100
-
2OV2
Jan
50
32%
36%
11
100
33
35
Jan
Feb
400
Jan
Jan
6%
%
37
5%
4,400
34%
12,100
103-2:
9%,
450
1,000
5
47
"73
8%
107
Feb
9'A
Jan
Feb
12%
Jan
Jan
39%
-
6
Jan
*
24%
Feb
;16
Jan
100
•'2.700
11 %
:
25%
Jan
15
7%
11%
5
,11%
-100
4
7
30%
110
Jan
3,300
/
16
365/2
12Va
Jan
53
Jan
Mar
26% Jan
S... ,14
'
j p
6%
2:^, 500
25
12%
19
.
2-300
15
12%
;
Jan
7,300
Feb
-
y 30 Va Jan
5* 10
5. 30
J'A
v
4.
8
14%.
20
Feb
"109 Va
:
10%
9%
->19
:'y:S£r
"9% ""9%
-
Feb
21%
4,500
;;yy
v'".y
r
"Jan
45
"Jan
42
11,000
^
41% U
&
Jan
27
33
Co
22%
■■*
—1
40%
Piping
Feb
''? 16%*'Jatt
33
Wohl
15%
500
15%:
Co
Jan
250
25 Va
Oil
,'94%
••
29%
Jan
Jan
43
3%
Midwest
Feb
Jan
94 y2
18%
15%
Abrasive
17%
18%
23 Va
Mid-West
:yi3% Jan
1,200
42%
Corp
common
"4%
2,700
—1
Midi ale Co
Feb
20
common
8
$2 conv preferred—*
Midland Steel Products—
$2 non-cum dividend shares—*
West
■
preferred
r Dividend arrear ctfs
y
19 Vs
3%
42%
21%
6 % Mar
Feb
Jan
18%
Midland Oil Corp
Miller
conv
,
y!
6%
-*
■
—10
1
class A vtc.l
Mid-West Refineries
5%
i
1
...2.50
Class B vtc
Middle
Midwest
Illinois Power Co common.
16%
—
Michigan Steel Tube
Middle States Petroleum
Jan
12%
19%
Michigan SugarCo—... .
Preferred—■
Micromatic Hone Corp—
Jan
200
17%
100
——
1
——25o
—15
Michigan Bumper Corp
■
i
40%
Jan
94
Stores
Messabi Iron Co
43% Jan
Jan
40%
8
..
A preferred
6%%
Jan
48
26
19%
pfd—100
——*
common—.—*
Merritt Chapman A Scott—..
Warrants ^
.
i. ■■■.■ ■«--»;'
22% Jan
8Va Jan
Feb
s Jan
94
Memphis Natural Gas common
Feb
28
3% y
16'/#
preferred
Mercantile
Jan
Feb
52% Mar
1,300
15%,.
3%
t
McWllliamg Dredging——.,
Mead Johnson & Co
58% Mar
.80,
Jan
115%
Mar
6
Feb
y- 12%
Jan
100
6 V2
-
Massey Harris common
26% Jan
Feb '
'
"
6%
15 V.
common
Feb
Jan
98'A
36
Feb
40%
A Co common
(Geo A)
>
3%
107%
»
Jan
38
McColl-Frontenac Oil Co 6%
15%
450
1111/#
Marion Steam Shovel..
Corp
'
10 y# Jan ;
11%
-
Feb
27%
*
92%
97
Consolidated Mfg Co
$2.50
Feb
19 Va Jan
26
26%
21%
common.
Inc
:
Communication Co
•
Holophane
Horder's
2% Jan
96'A r Feb
warrants
Mapes
v.
Feb
30
Ja|
Marconi Interact Marine
;>
Feb
26
:
Jan
27%
Feb
Feb
y Mar
16%
25% Feb
15%
103%
Land &
Jan
w
Hoe
26%
3%
Jan
Feb
31
Jan;:',
30
'
Jan
Jan
40
«
—
22%
y 50 v Feb
26% Jan
29 % Mar
-17 '/a
preferred A ctfs of dep.
preferred B ctfs of dep.
7%
-
5% Mar
'
v.-i2-.;'FebC
26
7%
Feb
15%
16%
10%
16%; 18
'
700
21%
18
3.700
2,000
Feb
Feb i.
.41
Jan
3% Jan
21V2 Mar
Mangel Stores common—
Manischewitz (The B) Co
■
,
2OV2 Mar
26
Manatl Sugar optional,
Jan
11%
82%
Jan
42
■
Class A
14%
5% Mar
6%
5%
11%
,
Feb
21Vs
f.
-
Jan
37% Jan
2% Feb
,
3%
3
43%
.—.—10
6% preferred—28
common
——....*
Exploration——.1
Louisiana Power A Light $6 pfd——*
Lynch Corp cfommon
8
Jan
5%
•
6%
11% Feb
100
11%
5%
11%,
38
38
Feb
350
Class A..
Heller
17%
Mar
14
Jan
B
Louisiana
Jan
9%
15%
1
'
Corp
Mining Co.—-
Helena
14%
Jan
9Va
73
13%
7%
Jan
36%
14%
„,„i
Hat Corp of America B non-vot com
Hecia
Jan
18%
.
9%
31
Jan
67
Hartford
Hearn Dept
15%
116
19
13 V*
Jan
9%
Electric Light
Hazeltine
900
Jan
36%
Paper.
Hartford
Harvard
15
Feb
15
18%
9%
—
Long Island Lighting CoCommon ctfs of dep.
Jan
45
21%
Jan
113%
.100
Gypsum Lime A Alabastlne
Hammermlll
15
Lone Star Gas Corp common—
Feb
140
Mar
14%
Gulf State Utilities $4.40 pfd.
118%
Jan
14
—
20
common. -28e
Products
109% Mar
34% Mar
Jan
18%
Locke Steel Chain
400
Jan
29%
Feb
Jan
20%
17% Feb
23
Groceterias
Feb
10%
21%
Class
Feb
15%
-
31
.
20%
Loblaw
Feb
j '14
Jan
is
y
34% -
17%
34 }
Lipton (Thos J* Inc
f|
8%
yyiL-y. Jan
47
21%
Lionel Corp
Jan
Gray Mfg Co
Jan
Feb
23%
19% Feb
V
Lit Brothers
Jan
a
fi
|
i;
<;
Jan
*
Mines—
Mfg common
Graham-Paige Motors $5
>
Feb
Jan
■
class A...
preferred
—1
Co
Jan-
100
103
Mfg Co
Brewing
Krueger
Jan-
275
prior preferred.
Feb'
Jail
a
24%
Jan
Feb
16%
111
6%
Feb
f.:
103
100
Jan
1,500
Godchaux Sugars class
Class
B
Feb
31
Jan
Jan
Feb
Feb
2%
109
Mar
Feb
37%
115
}
Jan
9Va
Jan
19
Jan
11%
Feb
21%
2,800
11,300
Jan
Jan
24%
27
CoaL
15 %
29 Va
Jan
y 89
8579
19%
Harvester
y
10% Mar
22'A
1,400
53
Gobel (Adolf) Inc common
U
28
111%
■
li
200
10%
27%
Kobacker Stores new common...—1
Jan
Gladding McBean & Co..
$3
rnmmm
27%
'
Kresge Dept Stores—
4% convertible 1st preferred.
Jan
6%
Co
Feb
Feb
9%
...
Feb
Jan
9%
Jan
167/a
Feb
,
Feb
J,
25Va
114%
»
27
,
6%
700
7% MS
y
Feb
Jan
125
Feb
preferred
(AC) common
Inc
19
Jan
5
Gilbert
Goodman
200 i
110
-
Georgia Power $6 preferred
Gorham
22
23%
18 Va-' Jan
33%
7%
105%
300
1
16%
5%
5
5%
123
Jan
22
100
pfd B
100
—100
Kings Co Lighting 7%
6% preferred D
Jan
Jan
9%
9
General Plywood. Corp
General Public Service $6
7%
8
Jan
12%
600
25%
24
Jan
Jan >
-
;;
Jan
King Seeley Corp....—.———I
Kingston Products
—
——.1
Kliby Petroleum
1
Klrkland Lake G M Co Ltd—
—1
Klein (D Emll) Co common
*
Kleinert (I B) Rubber Co.—
10
2,800
Warrants
General Fireproofing common..
General Outdoor Adv 6% pfd—
V
Co
&
121%
.
21%
22
21%
Kimberly-Clark Corp—
4Va % preferred
Jan
10
9%
Jan
112%
27%
in
Co
Key Co common
Kldde
(Walter)
Jan
7%
17%
7%
preferred series A
Goldfield
Jan
111 % Mar
-
Jan
12%
General Finance Corp common
$4.50
Jan
108
107% 108
pfd—100
100
,■ r—K-r:- 1nn
1—
•
preferred
Julian & Kokenfe Co.
Gen Electric Co Ltd—
Alden
Jan
3%
Jan
Feb
Feb
—
-Jersey Central Pwr A Lt 5%%
Feb
125
,
—
—
commoi
preferred
Gleaner
Feb
13%
r.
Feb
32%
29
7%
31%
a
Jeannette Glass Co
Feb
15%
Feb
431
«
>—
Gellman Mfg Co common
General Alloys Co
Glen
Feb
32
Jan
Feb v
1
Garrett Corp common.
Gilchrist
Jan
3%
■
Jan
?
~
Jan
37%
L#\
33%
12
11%
39%
;t
y 31
8,100
Jan
7'A Mar
-j. Feb
2% Jan
300
;
x3
'
1
■,
7,800
5,300
38
32%
x2%
Corp
'
t
13%
13%
•
18
Ken-Rad Tube A Lamp
Preferred
Jan
;
Jan
Kennedy's
$5
Jan
19%
■'
5%
Feb
Jan
)
V; 600
10
Amer
Jan
68%
28%
Mar
20
20%
preferred
Royalty
Kawneer
5%
Jan
24
10
Utilities
33
1
common.,
7%
9%
Mar
3
100
13%
19%
—
convertible
uatineau
Feb
'
33%
Jan
a
58
;
■ff-
sh»—*
Products
Irving Air Chute
Italian - Superpower A
Jan
35
Mar
30
100
8
30%
*
_
Malt
A
atnrlr
r.nnv
112
-
—
Safety Razor B
Investors
Jan
8%
25% Mar
150
5%
30%
1
Distilling..^—
(Geo A) Co
4%
Jan
500
61%
58
*
A
coupon
Iron Fireman Mfg voting
1,500
30
8
—
-1.21
(Peter) Brewing-
Franklin
Fuller
Mar
103
1
shares
Interstate Power $7
7% Mar
2,100
26%
25%
30
5%
Froediert
Jan
102
France—
Fort Pitt Brewing Co
Pox
116
Jan
94
10
Co
International
Co—28
•
Class A non-voting
Jan
Jan
92%
26
International
Canada—
of
Jan
Jan
90 1
114
61%
Petroleum
International
2,300
Ford Motor Co Ltd—
Ford
14%
30%
22
Registered
38%
13%
New common
11
Jan
,
series
Investment
International
Metallurgical.
—
1
Jan
28%
Warrants
22
Federal Compress & Warehouse
Association (Phila).
Jan
Ly 12%
International Minerals and Chemicals
pfd
Fire
Jan
15%
Hydro Electric—
$3.50
International Metal Industries
Engine A Airplane.
Brewing
Fedders-Quigan Corp
15%
Jan
A
International Cigar Machine.
International
Palrchild Camera * Inst Co.
Fan steel
Feb
Jan
13%
—.100
......100
...
Jan
7%
v
51
56%
Preferred
conv
—
32%
Jan
at
preferred
Jan ;
.13%
of North America
International
$2.50
6%
preferred
Insurance Co
f..
Fairchild
25
2,200
7%
-0'.; r-r
Indiana Service
53
-1
Pipe Line common
Falstaff
29
Indianapolis PAL 5%% preferred. 100
3%
3%
Ireland
■
-
53%
Inc
Eureka
26%
29
Co
Imperial Tobacco of Canada.
Imperial Tobacco of Great Britain
ill
--1
preferred—
convertible
Zinc
Imperial Chemical IndustriesAm dep rets regis.
Imperial Oil (Can) coupon.
Registered
warrants
Electrographic
Elgin
Illinois
pfd
36%
Feb
Jan
Feb
'Feb
Jan~7"" 105
Jan } or :--ll% Jan
Feb^r: ::107% Feb
i
JVIqnday/March 11, 1946!
CHRONICLE
THE COMMERCIAL & FINANCIAL
NEW YORK CURB EXCHANGE
RANGE FOR WEEK ENDING MARCH 8
Service common—
i
Molybdenum
i
:
Monogram Pictures common—
mottroe Loan Society A.
12%
Montana
12%
201
20
4,100
5%
50
18%
5%
9
Dakota Utilities new com.
aunubgomery Ward A
—.
Montreal Light Heat & Power.—
vuway Investors partlc pfd—
;
Morris Plan Corp of America
7 Mountain City Copper common
Mountain Producers
Mountain States Power common
Mountain States Tel St Tel
Murray Ohio Mfg Co
Muskegon Piston Ring,..
Muskogee Co common...
•
17%
8%
5%
1734
Corp
7
15
Jan
,
12%
32%
Jan
6,200
7%
4
Jan
11%
-
Powdrell
Power
14
Jan
Jan
202
Jan
-10
250
6%
J
St
223/4
50
20% Jan
25
46
Mar
50
Jan
8%
9
1,300
8
Feb
10%
Jan
Premier Gold Mining
43/«
4%
6,700
4
5%
Feb
9
1,200
Prentice-Hall inc common.
Pressed Metals of America——
—
—
83/4
9
"8%
~8%
~8%
2,405
34
33%
34%
2,500
12V4
12 y*
50
52
8% Mar
10J/a
Jan
152
26'/a
Feb
28% Jan:
Providence
18
Feb
20
Feb
14%
Feb
17
Jan
Producers
J
16%
17
Gas—
.■
National Mfg & 8tores common
Radio
New
15%
Feb
7%
Jan
14
40
108%
Jan
112
Omnibus warrants.
Feb
16
16
100
12%
Jan
-19
10%
Feb
84%
Feb
100
10%
88
975
28%
25
126% 129%
310
39
41%
75%
76%
'
8
7%
8.
60
60
60
<
;
18
18%
150
57 y«
50
109
$5.10 pfd.100
pfd
100
NUes-Bement-Pond
106%
/ Noma
Electric—
t——.«*•«* m m mm
—
5%
111
Jan
93
Jan
8 Va
Airlines
Jan
123%
112
Jan
116
11
Jan
13
105
Jan
107
Feb
30%
56,000
"54
"54
10%
/ 9
19
Novadel-Agene
19%
.50
Corp
5%
25
Mar
35
Jan
146
63
66% V
3,800
7
16,100
133/4
.
•
12
14%
37
1
37
Feb
54
38
12%
ft
•
Reliance Electric & Engineering
Sfcix Dry Goods
*
8
Jan
10
Ohio Public Service 1ft
1st pfd
21%
Jan
105%
Jan
110
Jan
55%
Jan
19%
Jan
Feb
28%
30%
30 y8
31
600
30% Mar
37%
26%
26%
28%
700
38
35
38
800
25% Jan
34
Feb
.4
22%
20%
21
3% :
3%
15,600
10%
11%
Works
Art Metal
Jan
67
Feb
Feb
Feb
39
A $2 conv
16%
1st
Jan
22
Jan
5%
10
31
32%
common
-
20%
Feb
40
Jari
193/4
Jan
19% Feb
100
223/4
30
9
2,800
3%
Feb
6Va
6%
700
5%
Feb
8ya
73/4
8'/a
2,700
6
Jan
9%
10,700
7%
Feb
28
9%
-1
Steel
Co
Service- •
common
II*
III
Jan
25
Seiberling Rubber common
Shoe Co
Jan
42 y»
1,000
18,700
;
375
118
:
>
18%
19
7%
•
106% rc 7 *?0
103%
115J/a115Va
30
113%
Pacific Public Servicd—
•;
.•*' ;
—
- U- r- " —'TUX'/a
4130 1st preferred.
♦
I
II* i
-7'■1
'•«•%-•26ya
Page-Hersey Tubes new common—II*
*7 .•*.* <
/.a -1 ** " .'27 ..
Pan American Airways warrants
>
10•
■
9% 40%
28(4001 / 9%
,
-
„
•
.
.
.
Pantepec Oil of Venezuela Am sha— 11%
10%
11%
13,900
10%
"••remount Motor* Corp.
i
2:15 '
_5
5
49
42
49
1,250
39%
•atersburg Kig & Reek.
X
\
25%
25% 25%
800
25%
•
■
.
Parker Pen Co new._^__.-_„__^_
Patchogue
Plymoutn
Mills
Peninsular Telephone
•
••
^
com men
$1.40 preferred A
"ennroad. Corp common
u.
Penn-Dixie Cement warrants,.
-
—
51
,•
e
II~25
»'
\—,
179
Feb
21
17%
5%
6%
10,300
18%
1,700
25%
26%
5%
50
.*
«
*^nn Gas & Eiec class A com.
renn
l,,
f
,,,»
"7
Light 4%% pfd—100
10
Traffic Co,
2 30
w
—y;.
°enn Water A Power Co^j—
Pepperell Mfg Co
new
-
..
;i
i
v
.*
i
«
82%
—
Philadelphia Co
J
common
—
Pbila Electric Power 5%
"
pfd
—25
a
Pnlllips Packing Co.
Pierce
Governor
Johnson Ltd Am Shs_,_—
Pioneer Gold Mines Ltd
Pitts Bess & L
E
common
For "foottidtes
page
82%;
50
16%
550
,
:
1,100
—
17%
16%,
28%; 29%
15%
16%
25
25
125
22%
98
Jan
103
Jan
108
22% Mar
800
23%
9%
10
3%
4
1,200
.
,100
300
1,400
100
50
1,700
'
3% Mar10
14
.50 •
Jan
Feb'
4,700
Feb
134
135%
19%
I '25
27
Ltd
27
41
Mar
*
38
Jan
Smith
Solar
(Howard i
Aircraft
Paper
Mills,
—1
21%
20%
6
13%
x6
13%
~8
8
5"
12 y2
13%
7%
8V2
55%
40
40
43
48
48%
30%
Jan
"
31%
31%
:
,
Pipe Line—,
Royalty Co.
Spencer Shoe Corp.:...
8tahl-Meyer
Inc.
10%
Feb •
,
Brewing
Co—
V 74
9%
-2.78
9%
v..
100
14%
16
800
12
600
~3
3
2,500
2%
38%
36%
39%
2,500
39%
38
39%
500
>Y%-
^ 7%
7%
800
24%
25%
25
-I
14% Feb
..
.
91/#
-
,
.
%
7
7"Vi4%"Jan;
2,400
'.:7l3%
18 Va
-
16
V
6
Jan
Jan
24y* Feb-
Feb
Jan
Jan
12
•
Feb
v3%- Feb
;
43% Jan:
v
44%, Jan
8% Feb
Feb
Feb
Jan
150 7 .Jan
,
2% Mar
34%
24%
'
31%
Feb
35%
Feb
32% Feb
►
7% Jan
.
Mar;
51
7
Jan ;
9% Mar
,
800
10
12
1
—.—10
Standard Dredging Corp. common—Jl
$1.60 convertible preferred
2*»
Standard Oil (Ky)
—10
Standard Cap St Seal common
Convertible preferred
w
43 7
30% Mar
9%
10
Jan;
"Jan
62
Feb
15%
Southland
Jan
14 y+
Jan
30% Jan
J50 7 Jan
Jan
77%. Feb
•
44
.
Feb
15%
Jan
Jan
Feb
23%
,r"55% Marv*
57%
Southern
Feb
Jan
108
11% Jan
6%
57
Oil.
Pa Pipe Line
California Edisonoriginal preferred—
6% preferred B
23
5%% preferred series C
29
Southern New England Telephone—100
Southern Phosphate Co
10
14»/a Jan
28% Feb
15% Feb
." Jan"
7%
Feb
17%
22%
12%
13
5%
16% Mar
Feb
10
"
Southern
Feb
4lv7Mar-:
Feb
106
•
Southwest
Jan
27% Jan
■
Corp.
Boss Manufacturing common..
South Coast Corp common—
Penn
,
•
Mar;" ,/374
'7%
Sonotcne
South
-Feb
•
—J
Co
Mar
Feb
;
112
7
.
6% Jan
315
100
Co—
Solar Manufacturing
Mar
151
;
7*23%,Jattj
Singer Manufacturing Co Ltd—
Amer dep rets ord regis.
Sioux City Gas & Elec Co—-
preferred—
..
Jan
1,250
Singer Manufacturing Co—.
Jan
--:iO%JahM
23%. Mar •
..
.
25% Jan
275
21
.
common.
.Feb
3.90%
Jan
130
;*<8(XF
Simplicity Pattern common.
,
1314.
Jan
7 7% Mar-
3,100
Simmons-Boardman Publications—
$3 convertible preferred.
Jan
Breweries
Standard
^-
7%
19 %
Feb
7% Jan
25
8%
21% T 23%
23%
38
8ilex .Ce
^49% Jan
47%
;
14%
Sherwin-Williams of Canada.
Slck's
28% Jan
6% Fefr
113% Jbn
78%
Jan
8%
1,600
preferred
14% Jan
Jan
Jan
7% Feb
35% Feb
f
110% Jan
27%
.\r 15 "'Mar
80?-jifax
2irr
700
-
.
860
800
■
82%
16%
;
-
50
6% * 7
•
114
114%
8
8% ;
55
r
A-%
j
—50
.1,—.
see.
—■
~
17%
/'
117% Feb
*
""■%
com^
RR
Pittsburgh & Lake Erie—
Pittsburgh MetallurglcaL,
New
16%
*
•
,
Pinchin
Piper Aircraft Corp
Pitney-Bowes Inc
^29
•*
common,
15
—
17%
•
8
81
«
Pharis Tire & Rubber
28
53%
common^.—20
I0.7« 53%
«
.* '
Perfect Circle Co
500
8,900
50
50
28%
-
Feb
28
Jan
33/4
100
8%
Denn Mining—
Shattuck
Jan
7;-."8%
,
107%
Jan
Feb
26% Jan
*
Shawinlgrm Water & Power
Sherwin-Williams common..
Jan
48%
so
v
,
Feb
Jan
200
51%
Mar.
41%
7
22.
25% Mar
850
101% 101%
Jan
Feb
5%
10,400
29%
Jan
Jan
25% Jan
Feb
15
200
5%
28%
1
Jan
9%
6Va Jan
7%
17%
Jan
113
Jan
19
III
Feb
Feb
%
46% Jail
.
Jan
<8
so
Jan
Jan
Jan
61%
—
,28%
17%
preferred.^
Penn Power Ac
51
j
Pennsylvania. Edison Co $5 series pfd.*
$2.80 series
—
44
"38y3 Jan
106
v
^
'
14% Feb
9
150
Jan
21%
1
J
—
Jan
162
178%
Mar
34
Jan
6%
Jan
Feb
52
38% Mar
900
41%
Jan
4%
Jan
Jan
Mar
33
113
173
174%
$5.50 prior stock—
«
Allotment certificates————
Semler (R B) Inc
*
Safety Control*
Feb
3%
200
34
38%
Convertible stock
45% Feb
Jan
300
3%
49%
jt
Selby
Seiected industries Inc common
Feb
Feb
10%
8%
33
40%
9V» Mar
9%
1,200
_•
Feb
18 Vz
B
100
Feb
11%
4,600
•
Segal Lock St Hardware—
Jan
Lighting $5 preferred
& Light 1%. pfd.
.5.9%
"
33 '/a
8%
8
7%
118% 125
8
rl27
Jan
*
Jan
Feb
8%
3%
28
28
112
....:
8
.
7% Mar
49 v2
common
118%
i:43%f 44^.4 t:l,8007*it42^^Jan.
Jan
10% Feb
•
.
9% Feb
26
2,850
18,700
10%
7%
33%
—-
—
31
8
preferred
(D A)
Manufacturing,
:
Scranton Elec $6 pfd
Bcranton Spring Brook Water
$6 preferred—
16% Jan
-
Feb
11% Jan
8%
*
Jan
Jan
Mar
6%
Feb
8%
1,200
1,100
6V2
1
Feb
22
•
34
5% Mar
~8%
®
110%
Jan
25
S
25% Jan
22
700
Feb
Jan
IfA-' 43%2ft
Jan
400
J
Scovill
Feb
Jan
fi^ lst pfd..
20 V*
2,100
5
Jan
12%
Feb
Feb
16
109 %
5%
7%
118
6
39%
13%
preferred
Jan
Jan
105%
Seton Leather common
Gas « Eleo
4%
24%
BO
common
Convertible
Sentry
5%96
Feb
2% Jan
19% Jan
Ltd.
prei—
Serrick Corp class B_
Pacific
Jan
32%
20%
Sentinel Radio Corp common
V
4%
13 %
30%
32
Feb
*
Jan
Jan
23%
9%
Co
-New
Jan
12 y«
"
Jan
49
3 %
23%
53/4
Oil Co
Bchulte
14i/a Mar
Feb
Lawrence Corp
Savoy
Schiff
Jan
42 /,
Facfflft Can CO eonimari/
Jan
34% Jan
8
31%
Cable Corp common
114%
1
58
100
Jan
....1
Oversea* Securities
Jan
Jan
16%
Jan
44
39%
340
116%
43%
34
Feb
109%
Regis Paper common
Salt Dome Oil Co
Samson United Corp common
Jan
...——•
Oliver United1 Filters B
Omar Inc—
Feb
36
109
Jan
112
Feb
30%
200
109%
3%
112
"I
Feb
4%
425
37%
11,400
34%
100
1st preferred—
—100
Oklahoma Natural Gas common
..1ft
6%
Jan
32
37
.3%
St
Feb
Feb
34
115
3%
300
3%
3%
31
11%
5%
115
Jan
3
38%
36
preferred——100
Ohio Power 4% ft
;
5%
5%
*
Jan
24
3%
Seeman Bros Inc
^
10%
Feb
1
——J
Securities Corp General
Ohio Brass Co class B common..
Jan
19%
7,300
4,300
Richfield OU Corp. warrants
Richmond Radiator
Rib Grande Valley Gas Co v t c
Scullin
Ogden Corp
6%
150
55
*
Rice
Class
Feb
'10%
400
35,600
.
common—50fl
Raytheon Manufacturing
Reed Roller Bit Co
9%
20
——10
A
1
10
Raymond Concrete Pile common—...
53 convertible preferred
6t
Feb
Jan
45%
«
Jan
21%
8%
Radto-Kelth-Orphenm option warrant*.
Railway & Light Securities
Feb
Feb
45
1.050
.
55
54%
108%
25
55
Feb
Feb
13
13
Ryerion A Haynes common
Jan
Jan
104
110
103
175
Jan
103
175
Jan
18
<•
Feb
167% Jan
103%xl05
12% Mar
Feb
6%
100
53
65
15% Jan
18%
Feb
Feb
52
2,300
7
110
55
_
Jan
49%
50
9
9
18%
Jan
175
Aerooeutlcal Co
Ryan Consolidated Petroleum.
Jan
7%
800
.
Ryan
Feb
20
134
200
"54
10
—20
Northrop Aircraft Inc—
26%
Feb
28
425
50V4
10%
Northern Indiana Pub Serv 5 % pfd—100
Northern State* power class A__,
Feb
49%
1
Xorth Penn RR
3%
3%
3,900
12%
143
50
0
Northern Natural Gas
Jan
17% Mar
v 11,600
7,600
9%
Jan
20
Rotary Electric Steel Co—
Royalite Oil Co Ltd—
Russeks Fifth Ave
Feb
50
28
Mar
23
Roosevelt Field Inc.—
Root Petroleum Co
Jan
1%
500
138
108
16
Quaker Oats common.
0%
preferred
Quebec Power Co
Ronson
Feb
100
18%
112% Mar
109
Pjrene Manufacturing
Rome
12% Feb
4,700
11%
*
»*
Jan
Feb
1,175
*33/4
143
50
Texas Oil
Central
Northeast
26
Feb
Mar
common———.—*
prior preferred
Utility Securities
Northern
18% Jan
85
11%
17%
Feb
108
Rochester Gas & Elec
Feb
2%
30%
<■»«»#•*».<•#■»•■—J
Light & Power common..l
preferred
•
North American Rayon class A.
*
North American
..
11 Vk
"4%
—8
16
B
X35
17%
North Amer
Class
Jan
105% 105%
18
108%Jan
111%
4% pfd F
100
Roeser it Pendleton Inc————'*
Rolls Royce Ltd—
Am dep rets for ord reg_.
:
64 y2. Jan
2%
2%
Jan
112%
18% Mac
Feb
109
III
B
Feb
117
112"
ll3/#
—
——
Mines———
Niptssing
112
__
122
J
11% Jan
17%
33,800
11%
121
121%
preferred—.
.100
preferred.
100
Class B optional warrants
3
Niagara Share Corp class B com
.100
4Va% conv pfd—
2d
Nineteen Hundred Corp
Jan
60
87%
10%
11%
1st
j/0
5%
8% Jan
60; Mar.
100
109
.85
1
Niagara Hudson Power common
Jan
56
600
24
23%
—1
shares
Y Water Service 67#
1;.
Feb
49%
28,
—
10
——.10
„
81% Feb
Feb
9%
Jan
.32
.7% Jan
600
57 y#
i
Jan
54%
Jan
Jan
133%
Jan
72
...
10%'
9%
10
Feb
10% Jan
112
preferred.
Puget Sound Pulp & Timber,
Pyle-National Co common.
Voting common
Railway A utility Investment
CLttVU
*rAi/nuij,
Rath Packing vv, common
Co, vv.--.w-
Jan
94%
Feb
38
300
.
<■
Jan
12%
126% Mar
2,100
5,300
25
.
;
31
28% Mar,
30%
■
'
Jan
.
Feb
16%
Feb
Feb
24%
22
40
3
Jan
Mar
Feb
Feb
10%
2%
14
900
Feb
Jan
Shipbuilding Corp— :
Pounders
4%
19
85%
20% Jan
Jan
3%
18%
NY State Electric St Gas
N
13% Mar
100
Honduras Rosarto.
Merchandise...
300
♦
——•
* Auction Co common
Y
Feb
Jan
400
28%
•
N T
26
19%
128%
1
N
Jan
112
88
mja
New Process Co common
&
22 'A
20%
-25
New Mexico & Arizona Land.
Y City
Jan
400
19%
100
Inc common——...
New Jersey fine——.——
Y
19%
19%
10%
Haven Clock Co——
N
17%
24 Va
Feb
20%
*
New Idea
N
Feb
14%
100
2,600
100
Jan
10,600
♦
100
100
Jan
18
13%
111
15
Feb
16
New
N
Jan
;
85
Jan
5,500
•
England Power Associates—
preferred
preferred
England Tel St Tel—
12
14%
43
28%
1,000
16
25%
13%
—8
Corp
Neptune Meter class A
Nestle Le .Mur Co class A
6%
5,700
15%
18
25
100
Nebraska Power 7 % preferred*
New
Jail
14%
12.50
1
30c
National Transit
National Tunnel & Mines common
(Herman)
21%
18
—*
National Steel Car Ltd
Nelson
Feb
2,400
15%
-—*
Rubber Machinery
Union
-7;,
5%
24%
22%
50c
—*
1
National City Bines common
National Fuel Gas
National
Jan
18,300
41% Mar
1—23
„
Aac.onal
Jan
6%
—.1
preferred
1%
28%
Feb
Jan
Jan
—
1st preferred
Puget Sound Power A Llgnt—
Jan
Feb
3%
Jan
10
1%
23%
Corp —
■
—
National Bellas Hess common.
National Breweries common—
Macnman
2%
14%
2%
2%
$5 prior
.•
Feb
53
Jan
2%
600
17
14
1st preferred.
6%
Feb
14%
82
Prosperity Co class B
Feb
Jan
35
Jan
44
150
Public Service of Colorado—
—
—
•» +*
32
Jan
100
26%
26%
Jan
' Feb
10%
8% Feb
12% Mar
I—•
of Nevada
Corp
28 >/*
;
High
7% Jan
27% Jan
Jan
Feb
22 V«
33,800
2%
2%
144'/a
..
6%
300
23
Pratt St Lambert Co.
;
Low
6%
6%
6%
23% Feb
46
Jan
Range Since January 1
High
100
223A
"4%
Shares
50%
Alexander
Corp of Canada
1st preferred
Feb
6
;1
pleasant Valley Wine Co
Pneumatic Scale common
Polaris Mining Co.—
46
22%
for Week
1
Jan
Jan
197
50
202
...
20% Feb
10'/» Jan
Jan
4.30Q
1,100
9%
High
:
Ranee
of Prices
Sale Price
Low
LOW
29%
Cut*Exchsngo
York
Ranee Since January 1
High
29%
'
Missouri public
Shares
of Prices
Sale Price
Low
I
New
far Week
Sales
Week's
Friday
Sales
Friday
Curt, Exchang* ■
Ke« t«rk
■
.
.7 27% Feb
26
Jan
(Volume 163
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4471
NEW YORK CURB
EXCHANGE
RANGEFOR WEEK ENDING MARCH 8
i
STOCKS
•
Week's Range
Friday
Interest 7" *7
Curb Exchanft
York
New
B O N D S
■"Bonds
last y/^ar Friday's
-Bala Frlea
rami
Sold
Bid A Asked
LOW
6%* ^
Standard Power & Light—
<
Common class B
;
—
y
'-'--5%
Standard Silver Lead
'
11%
Corp———-—
3
7%
8%,
B—..........—-
Standard Tuba Class
Starrett (The)
"
3%
,
io%
6Va
145
18%
20
—-
.
138
145
Preferred
Standard Products Co———
e
6%
v.
3%8'/a
u%
Jan
18%
Feb
1%
*
Jan
47 6% Jan
7% Jan
'
2,000
Curb
|
44 7
' Jan
f
160
Jan
i
23% Jan
|
v^;1''4%"Febvr-i
;
.
9% Jan
-;!
-
14% Feb
■
f
Amer
Steel Co of Canada——
73%
—
47%
-
27
Bterhng Aluminum Products
Sterling Brewers Inc..————
Sterling Engine Co
———
Sterling Inc.—
——
Stetson
(J B)
Btrnnes
73%
20
50
27
700
25%
72%
-
950
26
25%
(A) & Co common
Sterchl Bros Stores common
200
,
f;
29
,
,
24
Elec
Pow
9%
9%
9%
7%
7
7%
5,900
'7
12
13%
19%
8,900
600
12
Elec
;
2024
A-O
1953
J-J
4%s
'vV.Jf-
•
V'.'S-;
''I'
U
-
; -
tyf5;
'
'1st M. 5s series R5s series n
„„
>.
p,:
-
381/4
Stroock (S) & Co common.—
3
37
1,600 4
3
39%
-
1,250
;
.
32
im)
28,
—
5s
/
..,v
.107% 108
'
"
108
117%
^
100
115
105 -108
97% 101
/
70%7:4
100%
:
119%
133
107% 107%
'\:'y
80%
104
98% 101%
82
104
69%
70%
66 %
106% 106%
:
104%
73
106%
h 104
104%
1969
T'f 1st ref mtge 3s
! 05V!i
109% 7110%
tll8% 119
;:w.;/,;;|ll3%:y-^4;;
103 ¥4
104%
1041-
)f>6%
105%
104%
104% 105
: 106% 106 %
-
„
—
106y4.
106%
E* (Bait)—
1971
.
26% Jan
14% Jan
Common
Swan Finch Oil Corp
124
104
107%
" ' "•
'
,'109% 110 h
—
■
,
1958
5s
Consol Gas El U &
3y«s series N
Jan
Inc-*
Superior Portland -Cement,
■■■<•
1970
.
Debenture
*
V
,•
39% Mar
——...
Co—
M-3
1962
.
Debenture
Bun Ray Drug
•
—
Jan
111%
123
101%
•
'4
;
A 5 Vis
1954
S A Chicago Rys 5s ctfs (part paid).1927
Cities Service 5s.
Jan I960
Conv
deb 5s.
1950
30% Jan
n.,,
309y«
2
50
-:*
fACentral -States Electric/ 5sL3i-i948
Jan
Jan
High
104%
103%
.<
103 V4 104
Feb
19% Mar
3:
Feb
:
124
Low
101
io
■
; „
r„
,
Bickford's Ino 8%s—
Boston Edison 2%s
124
January 1
19
no% m%
>7t/'.
Ranee Since
Sold
No.
iqxk
,
Atlantic City Eleo 3 %s«rw.w^ww.1964 §i
••-V
Bonds
High
4 7 101% 103
—
m%
j-j
m
'
19%
3
Corp
Friday
J-D
1970
Assoc TAT deb Situ A.
Jan
Jan
8
500
13%
(Hugo) Corp
Sunbeam
,
'
Co common.
Sullivan Machinery..,ll..n,
Bid & Asked
3%s
Appalachian Pow deb 6s
Associated
Jan
Jan
18
Week's Range
or Friday's
Writing paper fa—,
Appalachian
JBell Telephone of Canada-*
Stein
Last
Sale Price
r/47'4'
Exchasga
tow
%%:jan
Feb
1138
1,100
30,600
2,000
20
>
3'A
Fork
High
62,100 '~o 3% Jan
9,500
80
New
Interest
Period
Bange Sine® ' |
January 1.
ser P
1st ref
1969
1976
mtge 2%g ser Q
Consolidated Gas (Bait City)—
Gen mtge 4%s
.
«
,v
•
—7
109 7 109
^ :7
109% 109%
.4107% 108%
•
/
1954
120%
' 120% 120%
Delaware Lackawanna & Western RR—
Finland
Shovel Co common
5s
8
1
1
Tilo
Tobacco
Mtge Bank—
1961
—
Power
A General
Rayon Co 6s ser A
Grand Trunk
—J•
Product Exports
Residential
stamped
Gatineau
A Allied Stocks—.—*
Tobacco
1956
50o
-
Roofing Inc
Tlshman Realty A Construction
Thew
>
1965
Elmira Water Lt & RR S&
2
Textron Inc
t -
Eastern Gas A Fuel 3%s
100
Light 1% pfd
Texon Oil A Land Co
i
of N J Division—
1st mtge 4s ser A.——
1993 ■'«
1st mtge 4s ser B
——1993 X
—•
Technicolor Inc common
Texas Power A
Lackawanna
1
•
Taggart Corp common
Tampa Electric Co common
3%s
A
105
—1948
West 4s
106%
159
1969 *
.
63
,
108% 108%
1950
Green Mountain Pow 3%
1963
U04% 108
Amer dep
Grocery Store Prod 6s
1953
1101%;
Amer
Guantanamo
Tobacco Security Trust Co Ltd—
rets ord regis..—
—
dep recs def reg
——*
142
Shipyards Corp
•
6 % preferred
100
preferred
100
Tonopah Mining of Nevada—
—1
Trans Lux Corp
—
1
Transwestern Oil Co
——-10
Todd
116%
1%
4%
Inc..
Power
series
United
$3
jersey
—•
Cent Pow & Lt 3%s
McCord Corp deb
Reclaiming
United Stores common
United Wallpaper, Inc
6s
Universal Insurance
New
1956
1967
1981
.2022
Gas
1948
5s
deb
101%
98%
98%
101%
'
101%
; 7
1950
3y4s
Power
108
'101%
100
101 »/a
-100% 101%
107% 107%
'"100
1948
5s
England
$103
,
194?
-
1961
99
107% 108%
103% 103%
101
105
103% 104y4
103%
105%
107% 107%
106%
107%
2004
_,102 ry!03%
101%
103%
1948
r;:*46%\.-T''
New England Power Assn 5s
Debenture 5%s
1948
N Y State Elec & Gas 3%s
1964
N Y & Westchester Ltg 4s
1954
4
North Continental Utility Corp—
(part paid)
A5%s series A
1st mtge 3y4s
Ohio Power
-
1st
Ohio
•
10c
1
Utah Power & Light common
mtge
Pacific
Service
Power
&
105
106
105%
1955
1964
5s
Park Lexington 1st mtge 3s
Penn Central Lt A Pwr 4%s
104
104%
85
107
Power 5%s
Portland Gas & Coke Co—»
Philadelphia
Petroleum
Manufacturing
5s
stamped extended
Power
.
(Can)
Corp
1972
Elec
107
$105%
7
.
preferred.
85
7105% 105%
1977
1979
5s
Pennsylvania Water A Power 3y4s.l964
31/48 *
1970
common
107
$105
1962
4s
Light
107
1968
1971
38
Public
1st
Vogt
..
106% 106%
—1963
to
A—
Amsterdam
Conv
—5
Utility Equities common—
$5.50 priority stock
Venezuelan
$109%
*104% 108
—.1970
New Eng Gas A El Assn 5s
5s
Universal Products Co————*
sugar
series
New
10
10
Universal Consolidated Oil—
convertiole
*104% 108
1969
3%s
Nebraska Power 4%s
1
•
...50o
2
U S Radiator common
$4
1966
2022
Milwaukee Gas Light 4%s
—
▼alep&r Corp
106% 106%
1965
4%s.
at 4%
Extended
dep rets ord regis—.———
100
—
25o
preferred...—;
10
United Shoe Machinery common
25
Preferred
28
United Specialties common
1
U S Foil Co class B
1
U S Graphite common—
8
U S and International Securities
•
$5 1st preferred with warrants
•
Utah-Iaano
1969
6s
Midland Valley RR—
Profit Sharing.
Rubber
1957
1952
6s
Kentucky Utilities 4s
Amer
S
1952
5s
Kansas Power & light
United NJ RR & Canal
U
Power
Kansas Gas & Electric 6s
United Molasses Co Ltd—
United
10 ft
1952
Kansas Electric Power 3%s
•
50%
50.
1957
coupon)
F—
Debenture
—
participating preferred
1941
(Aug
,
1955
coup)
1957
Altalian Superpower
—10
7
Corp common
Gas
United Light & Railways
United Milk Products
—1958
1-1941
(July 1941 coupon)—,
Interstate
—
United Elastic Corp
.
E
series
A7s
Corp
10c
Unexcelled Manufacturing Co——10
Union Gas of Canada
—
—*
Union Investment Co
•
Union Stk Yds of Omaha
.100
United Aircraft Products
—1
United Chemicals common
•
——
107% 107%
a
C
(Dec
series
A7s
1
Realization
warrants
105
105
1970
International Power Sec—
17% Jan
A7s
Lorp
tl03% 104
1963
Indianapolis P & L 3%s
A 7s
United
1950
Feb
Jan
A6%s
Ulen
102% 102%
1957
1st lien & ref 5s
Feb
14%
——1
,*
—
%
-•
5s
Service
A6%s
Udylite Corp—
Co—
5%s series B
1st & ref
Indiana
Jan
30
•
Tung-Sol Lamp Works
80c convertible preferred
Illinois
Feb
Feb
5%
;
-—Jan 1949
Jan 1949
6s series B—
'
Tri-Continentar warrants.—;
Trunz
—
1958
Jan
9%
52
6s
Hygrade Food 6s ser A
Mar
111% Feb
Toledo Edison
West
&
;
—
$107%
—
V
107% 108
1950
1959
—
4%s B
Public Service Co of Colorado—
Co..
3%s
J.
Sinking fund deb 4si
—•
preferred.....
Waitt & Bond
6ft
certificates
—
Queens Borough Gas A Electric—
5%s series A1952
...100
class A
a
Class B
106% 106%
101*% 101%
—•
perpetual
106% 106%
»
Safe
g
.—1979
Harbor Water 4%s
Coal & Coke
Va
•
Western Tablet & Stationery com—•
Westmoreland Coal
,qq
,
Inc
Williams
(R
C)
A
Products
:
6ft
.
Portland Cement
(F W)
ww
•
%
ud-
<
:
7
receipts
/T*
Js
preference
For footnotes
...
3'As
1971
1994
1970
--
Debenture
r
6s
gold
8s
debentures
Dec 1 1968
1957
3
deposit
£i
T.til
see
>
.'V
7,;
:
*103 1;
10rv10££.4r
107% 107%
$107%
X
1/7
"105
105-
77111% 111^4
4l09%r^-J ;*•'
99%
107 Ve
10
101
108%
105% 107
1% 4 W
7,4
Spalding (A G) 5s—
1989
Standard Gas & Electric—
6s
(stamped)
.—..May 1948
Conv 6s stamped
May 1948
Debenture
6s—————1951
10
-
JOr'p-b*
1970
126
(Calif)—
Southwestern Gas & Elec
*
f
.
Woodall Industries Inc
Americsn
Gas
3s
Southern Indiana Ry 2%s
ip
r
Co
Inc
Woodley Petroleum
Woolworth
Counties
1951
...-fc'Jyf/';
105% 105%
126
v.:r.7,,V;■ -'»:
*
105
108 %
5
—
•'*'.
105"
.4
111%
108 V* 108 V*
3
W.'mipeg Elec common B
Wuiverine
1965
Southern
<
Wichita River Oil Corp
Willson
1951
X s 1st mtge
—10
Wevenberg Shoe Mfg
Whitman (Wm & Co.
1952
Southern California Edison 3s
Southern California Gas 3V4S
1.28
$
1st pfd—100
Western Maryland Ry 7ft
Westmoreland
San Joaquin Lt A Pwr 6s 3
ASchulte Real Estate 6s—.
Scullln Steel inc mtge 3s—
West
■
170y«
170
Ward
Baking Co warrants
Wayne Knitting Mills
^entworth Manufacturing
West Texas Utilities $6 preferred
3
:
Public Service of New Jersey—
Wagner Baking voting trust ctfs ext..*
7%
1964
1948
1st mtge
-
Waco Aircraft
„♦
page 1314.
«
Standard Power A Light 8s
1957
AStarrett Corp inc 5s
;——.1950
Btlnues (Hugo) Corp—
A7-4s 3d stamped
1945
lOffOOS
.
100%
101%
101
102
103% 104%
103
!Q4y4
THE COMMERCIAL & FINANCIAL CHRONICLE
1314
Monday;- March*! 1,1946
NEW YORK CURB EXCHANGE
RANGE FOR WEEK ENDING*MARCIL8
'
*
BONDS
Week's Range
Yerk
New
Last
Interest
Exehiau
Curb
Bonds
v
Sold
Bid ft Asked
Sale Price
Period
Friday's
or
Low
—1946
Low
Edison
Unlted
Electric
J
N
14
105% 105%
J-D
.1949
4S.
Light * Power Co—
1st lien ft cons 5 Vis
42%
6
42
--
j-j
1968
3 Vis
Toledo
A-O
Va
109
—
A-O
.1969
105
—
46
105
5s
Maranhao
106
3
108 y#
108
109 y8
114 Vz
6s
1
J-D
2030
A-O
1108%
*123%
—
5s—
1960
J-D
1959
F -A
Traction
conv
High
*
4
94
F-A
91%
91%
2
90%
'
90
-
94
J -J
$27%
34
28
32
M-S
*20
23%
21 Vi
22%
M-N
*38
J-D
*40
33%
35
A)
2008
I
stamped
1951
*50
A-0
*50
J-D
*23
1972
J-D
95
96
92
96
2008
M-S
39
39
37%
39
Mortgage Bank of Denmark 5s
Parana stamped (Plan At
Interest reduced to
108 %
122
106'/a
Interest
Last
Period
Exchange
Sale Price
Bonds
Friday's
or
Bid ft Asked
Sold
No.
♦No par value,
Low
sale,
A-0
*80
j-j
*80
—
a
J-J
1919
J-D
9%
9
10%
163
9
14%
J-J
9
9
10 %
64
9
14
Deferred delivery sale,
39
d Ex-interest,
e
40
3
Odd-lot sale,
n
37
40
Under-ths-ruls sals.
Ex-dividend.
78 Vz
traded flat.
IReported In receivership.
liquidating cash dividend of $22.50, plus stock distribution.
Abbreviations used above—"cod," certificates of deposit;
"cons," consolidated; "cum," cumula¬
—
26 %
J-D
x
ABonds being
High
fiEx
Agricultural Mortgage Bank (Col)—
A 20-year
7s—
-April 1940
a 20-year 7s
Jan 1947
Bogota (see Mortgage Bank ol)
ACauca Valley 7s
—1948
2012
2%
6Vis
^Friday's bid and asked prices; no sales being transacted during current week.
Range Since
January 1
78 Vz
High
23%
(Plan A)
to
reduced
Government
Vis
rCash
Low
50 Vi
50%
1921
Interest
Week's Range
Friday
2 Vis..;
Rio de Janeiro stamped
Foreign Governments & Municipalities
BONDS
50%
50 Vi
20%
30
123 %
101%
22
1947
81
107% 109
108
102 % 104
M-N
1931
A5
York Curb
Low
95
1947
ARussian
New
January 1
-
95
A7s (issue of Oct. 1927)
116
74
..
Newspaper Unions f debentures..
Penn
West
32
75
M-S
1964
3%»—„
West Penn Electric 5s—
Western
77%
108% 108%
76
1954
debs
Income
Range Since
AMortgage Bank of Chile 6s
3
114% 114%
114%
M-N
.2022
Debenture 6s series A—
Water Power
7s
Mortgage Bank of Bogota—
A7s (issue of May 1927)—
Waldorf-Astoria Hotel—
A5s
(Plan
stamped
No.
0
108
F-A
Utah Power ft Light Co-
Wash
Sold
High
M-N
1953
Interest reduced to 2Vis
AMedellin
(Maine)—
1952
....1958
Danzig-Port ft Waterways—
A External 6 Vis stamped.
1952
A Lima City (Peru) 6Vis stamped.1958
110
108
5Vis.
Extended:
105% 107 V*
5
105%
Bonds
Friday's
or
Bid ft Asked
Low
United
United Light ft Railways
6s series A
Sale Price
High
41%
4
109
Last
Period
Danish
Stinnes (Hugo) Industries—
A7-4s 2nd stumped
Intercut
January 1
No.
High
Week's Range
Friday
i
New York Curb Exchange
Range Since
26 y4
26 Vz
tive; "conv," convertible; "M," mortgage; "n-v," non-voting stock; "vtc," voting trust certificates)
"w i," when issued; "w w," with warrants; "x w," without warrants.
27 Vz
OTHER STOCK EXCHANGES
RANGE FOR WEEK ENDING MARCH 8
Last
Baltimore Stock
Sales
Week's
Friday
Last
Range
for Week
of Prices
Shares
Par
Arundel Corporation
28
•
Bait Transit Co common v t c
Low
•
5%
—100
Preferred v t c
Sugars Assoc com vtc
Eastern
27
—
30 %
1
20
5
Fidelity & Deposit Co
Finance Co of Amer A common
16%
--
Low
460
5%
150
32
235
16%
170
80
174
15
15
25
Jan
4%
28
Feb
Feb
15% Jan
101
168
Jan
65
14
Jan
28 Vz
6
34
19%
175
15%
cum
Amsterdam
New
96
53
53
2
—
317/8
32
437
42
42
51%
47%
51%
30
Bank
Marine
National
99
—
—*
2
Casualty
22
21%
22%
89
1
1%
1 %
1,000
Service
Jan
Old
Jan
98% Mar
53
102%
'
50
50
Fidelity ft Guar
U S
A'., A"-',
100
1,287
I1/#.
245
High
17
Jan
23
Jan
20%
Feb
25%
Jan
1^ Jan
1%
Jan
England Gas & Elec Assn—
5 % 1e
preferred
127
132
X128
130
*
New England Tel & Tel
North Butte Mining
100
128
2.50
1%
1%
100
Colony RR
9 Vz
e
560
76
245
127
Pacific Mills
Feb
10 %
1,475
3
133%
Jan
Jan
2%
Feb
Jan
75c
132
Feb
3,170
11%
Feb
.]
'
Mar
Jan
Reece
Button
Reece
Folding Machine
Mar
56
Feb
31% Mar
*37
Hole
Mach-
Feb.
*1
Feb
ii
6%
Feb
/
15
Jan
17%
Jan
!
2
Jan
Jan
(t
17
Feb
18%
Feb
80 Va
295
72 %
Feb
80%
41%
44 Vb
1,334
41%
Feb
4%
4%
4%
570
3%
16%
50
3%
2,090
*
16
3%
3%
.10
f
47%
75%
43%
-
~
Jan
80
50
25
—
I
Jan
1%
Feb
4
Jan
Shawmut
pfd
5%
Commercial
Seaboard
Cos
Pennsylvania RR
Quincy Mining Co
98%
J00
21 Vz
22%
Jan
Mt Vernon-Woodbury
6,75%
Low
21%
5
New
Jan
Range Since January 1
High
1
National
High
*'
Mills—
prior pfd
Sales
Low
Nash-Kelvinator
*
—
Shares
Week's
Narragansett Rac'g Assn Inc
Range Since January 1
High
28
for Week
of Prices
Par
Sale Price
STOCKS
STOCKS—
Range
Sale Price
Friday
Exchange
Association
40
Jan
42%
Jan
Stone
47%
Jan
52%
Feb
Suburban
&
Webster
•
pfd
18%
•
Inc
Elec Securs $4 2nd
20
Torrington Co
•
18%
115
20
160
115
22
40%
41
65
40%
Mar
40%
41%
350
38 %
Jan
28 Va
33 Va
135
25%
Jan
112% 119%
—
Union
•
17%
702
110%
Jan
119% Mar
18%
115
*
5
40%
115
19%
Feb
23 %
Feb
Jan
115
Feb
?
!f
43%
Jan
47
Feb
H
33 V's Mar
i!
1
Bond*—
Transit Co 4S—
Baltimore
1978
91%
92%
$17,000
87
Jan
92%
Jan
96
«•*
—1975
A
series
5s
96%
600
94
Jan
97 %
Jan
20-yr debentures (subordinated).
4%
*»•*»
102% 102%
250
99%
Jan
Drill
United
Drug Inc
5
United
Vernon-Woodbury Mills Inc—
Mt
Twist
Fruit
•
119%
25
80%
Co
United Shoe Mach
102% Feb
-
61c
common
—
Smelting Ref & Min
Waldorf System
Friday
Last
i'
i*!
STOCKS—
"V
Sale Price
Par
American
Agri Chem Co com
Sugar Refining
American Tel ft Tel
American
Woolen
Anaconda
Copper
100
3ifc&fc"X
*
—;
Wi •>-
■'7 f
V-. \ ;•;r
Bird ft Son
Boston ft
<
'
-
Herald
Boston
ft
7%
5%
>
tv 1
Corp
100
9%
100
Calumet
Trust
18.
45%
x80
ft Heels.—
Eastern
6%
Gas
5
..10
ft Fuel
Associates—
prior preferred
Mass
Street
'
■.
•
Ry—
V Eastern SS
Lines Inc
Public
37%
80
9%
National
General
common
Int'l
Button
Roy ale
Kennecott
Lamson
•
Maine
5%
Co
Alkali
6%
footnotes
Feb
Feb
39%
Jan
146 % 146%
Jan
Jan
Admiral
Week's
39
585
37
Feb
Jan
Advanced Alum Castings
Aetna- Ball Bearing common—
43%
15
83%
530
67
Jan
91
Jan
9%
20
8
Jan
11%
Jan
15
45
18
514
13% Jan
21
145
14
23
20%
165
Low
High
17%
500
16
Feb
20 %
5
10%
10 %
10%
1.700
10
Feb
13 %
12%
12%
600
10%
Jan
14%
Feb
20%
1.400
19
Mar
25
Feb
47%
•Allis Chalmers Mfg Co
American Public Service
14%
Jan
Jan
20%
Jan
51%
425
47%
Mar
56% Jan
pfd—
.-100
127% 130
American Tel ft Tel Co capital.
._100
189
Mar
25
Jan
Armour
Feb
20
Jan
Asbestos Mfg Co common—...
Jan
72
Mar
Associates Invest Co common—
Feb
Automatic Washer commpn.—
Aviation Cofp (Delaware).
10%
10%
415
8% Jan
28%
28%
31
26% Feb
101
f
102
&
fco
J
common-.-
,5
13%
1
6%
6%
47
Athey Products capital:
12%
34% Jan
15%
-
7%
127
60
189
Jan
Jan
14
900
6%
12%
3,600
5
20
47
17
250
.7%
600
22
12%
36
36
22
Va
15%
7
Feb
Jan
15%
Jan
Feb
7% Feb
Jan
Mar
Feb
49
19%
Feb
8%
Feb
Feb
Jan
14% Feb
9% Jan
1,100
*
134
193%
Feb
185% Feb
100
47
1
150
Bastian-Blessing
99
Jan
103%
Feb
Belden
104
105%
130
31
20
80
103Vi Feb
115
10
~
115
131
Jan
Feb
Feb
-220
30% Jan
35
665"
20
Feb
25
Jan
40%
Jan
32% Feb
46
Feb
39%
Feb
57%
60%
237
45
471^
j 016
44%
Feb
33%
-
51%
29%
34
941
22%
Jan
34
Mar
2%
1%
1% Jan
3
Feb
17%
—
'
—
..
2%
320
54% Jan
Feb
17%
17%
10O
,3%
3%
400
3
Jan
53%
405
48
Jan
58% Feb
Jan
47
Jan
14
common—
i
Berghoff
Binks
common-.
Mfg Co capital—
47
47
30
46
12%
13%
654^
11% Jan'
53
49
53
160
49
29V#
73
30
290:
74
74
85
■
V
18
4%
Jan
Feb
15
Mar
56%
Jan
Feb
34%
Jan
J&a
77 %
Feb
;
26%
Jan
57%
Jan
17%
Feb
950
14%
Feb
21%
100
20V#
Jan
31
31
100
29
Feb
Feb
27% Jan
_
3.5 %/Feb
i
,
Borg
(George
W)
.10
Corp-
Common 1
—
—
Bruce Co (EL) common-.
Burd Piston
Butler
Ring
19
900
15% Jan
22
46%
46%
100
46% Feb
05
11%
12
200
9% Jan
19
-5
39
.
,
41
150
39
Mar
.-1
common
Brothers
18%
..5
..1
Borg-Warner Corp common—.
Brown Fence & Wire—
Castle & Co (A M) common
Central Illinois Pub Serv $6 pfd
13%
13
13%
350
10%
Jan
.10
28%
27
28%
700
38
38
150
JO
•
109
107% 109
4
common—-—1
Central S W Util common—
Prior lien preferred-
Preferred
29%
15%
38%
Mar
51% Mar
,
Jan
22
150
300
21%
—
Bliss ft Laughlin Inc. common—
Central HI Secur Corp
71
34%
200
23
51% X52
,
Corp common—
Brewing Corp
Feb
51%
17% Mar
13
C
64% Feb
Co
Aviation
,
Jan
21
Mfg Co
Bendix
130
• v
1322.
Range Since January 1
High
36%
19
17
59"%
100
...
Low
37
Jan
19%
Shares
Allied Laboratories common
Jan
18
for Week
1
common
19%
10%
Jan
153
Sales
Range
of Prices
Far
Corp
56
•..
146 % Mar
$ 400
Last
49%
56
—A
page
33%
Sale Price
82%
135
100
Works
500
STOCKS—
Feb
43%
..50»
common
see
Jan
146.
80
35%
10
pfd
Mergenthaler Linotype
For
24
Jan
44% Jan
42%
15
preferred
Mathieson
Mar
224
33"%
•
Central RR
23
136
500
21
*
Copper—
(Del)
35
Feb
1,466
31
•
B
Copper
Corp
Jan
51%
Jan
350
•
Mach
34
..
Chicago Slock Exchange
Feb
56%
43%
18%
-
»
class
Feb
Jan
195%
81%
*
Stores
Hole
250.
l
Gillette Safety Razor Go
Isle
185% Feb
30% Jan
72
...
100
Service
Bakeries
Feb
20%
1956
18
102
...100
Electric
Hathaway
83%
Jan
58% Feb
16
u
First
3s_
conv
68
_—100
-Employers Group Assoc
Engineers
Jan
18
Jan
High
45 V#
—
preferred series A
preferred class B—
pfd adjustment—.
6%
71%
273
83%
-
100
1st
5%
Tel ft Tel
46%
''' 'o'-»,
4%%
175
19%
19%
12%
__
..
U00
Cities Service•;
Eastern
72%
19%
—
•
72
.
•-
Providence RR
jv'v.
Feb
17%
__
100
Prop
1,888
242
82%
-
—100
1st pfd stamped
D 1st pfd stamped
Personal
188% 191%
23
23%
138% 141%
__
100
class
Boston
50
247
100
'Boston ft
38% Mar
70
1,009
38
class C
10%
20
52%
~
;
...
Low
38%
46%
46
•
class A 1st preferred
Stamped
1%
Jan
71%
\'
Feb
74 Va
Range Since January l
51%
45%
23%
25
prior preferred
preferred stamped
61c
Shares
44%
141%
...100
Maine RR—
48
Mar
Friday
Ry__,
Traveler
Jan
64%
for Week
41%
100
Edison
Elevated
American
High
..
-•
Boston
Jan
46%
155
'
j
Inc
Boston
Range
of Prices
45%
50
Albany RR
Boston
181
78%
30
65 Va
8ales *
38%
__
650
46%
64%
Bonds—
Exchange
Week's
low
—•
100
American
81
46%
50
com
Inc
Westinghouse Electric Corp
Boston Stock
79%
25
10
preferred
U S Rubber
U S
33
Cherry Burrell Corp common.
Chicago Corp common.
Convertible preferred
..500
4
4
12%
11%
4%
12%
,
340
1,000
1,900*
25% Jan
33% Jan
Xl07>
Feb
4
Feb
10%
.
12
45%
Feb
-
Jan
Mar
Jan
16% Jan
32
Jan
41% Feb
113
Jan
6% Feb
13% Jan
119
194
*
119
100
115
Jan
Feb
124%
Feb
193
194
2,960
184
Jan
196
Feb
20
Jan
22
Feb
21
9%
64
21%
75
8%
9%
9,460
63%
64%
450
8% Feb
59
Jan
10% Jan
65
Jan
'
I
srL
'Ml;/;
,
CHRONICLE
OTHER STOCK EXCHANGES
RANGE
FOR
WEEK
ENDING
MARCH
X
V Week's
Week's;' :•$<Sales M ',... VfCi
for Week
Range Since January 1
Sale PriceV of Prices ■} Shares M
Friday
i
■
J-
—STOCKS—
blunge-
'-J-
•
Last
;
STOCKS—
vv.l
>
Of Prices
Par::
Low
■
-M■
M';
/-
Chicago Towel Co—
'V
Common capital
Chrysler Corp
'
»,
'■
common.
—1
124%
Club Aluminum Uten-Co com..
*'
Coleman (The) Co Inc
5^-
Commonwealth Edison common-^—25
Consolidated Biscuit
Consumers Co vtc
Decker
Deefe
(Alt)
Co
&
?--
■
21%
v£3%
Domestic Industries inc. class. A—>. v
Corp.—1
Elgin Hat Watch Co
\
:
..."'
Fltz
f
Simons
Dock
,
>
Flour
Co
'
,
M
J
Connell
&
"
■
■
Dredge
Preferred
Corp
common
5
A
•
.
Gibson Refrigerator Co common
Gillette Safety Razor common
lf
*
Goldblatt Bros Inc
common..
*
31V+. Feb ,;^;.35%, Jan,,'
17 ; : Feb "\;:v
25 ; Jan
45 ^ Jan ^
47
Mar.
8,200
"
-
9% Mar
25% Jan
v
,
,
Interlake Iron
KV "'r' *'"1'
10%
100
63
Mar
68 V2
19
Jan
22
f^ramount Pictures Tnc..
200
10
73%
12%
32%
18
12% Jair
100
14%
9% Jan
70% Feb
12
Mar
24% Jan
900
1,650
2,650
"
,10
20%
20
21
950
19% Jan
24% Feb
Participating
Illinois Central RR common
Churngold
20%
20%
300
16% Jan
23 Va
Jan
Cincinnati
59%
150
55% Jan
60
Jan
22
20
20
22%
Jan
Cincinnati Gas & Elec pfd
C N O & T P
42%
42%
50
40% Jan
43
Feb
Cincinnati Street
Indianapolis Pr & Lt common.^
Indiana Steel Prod common^—
S6
Jan
34%
35
29%
100
900
400
17%
750
28 Va
15%
17%
*'
.
30
28 Va
15%
131a
13
Jan
Ball
44%
Jan
39 V»
Mfg vtc^
Drug Co
Kellogg
Switchboard
Salle
La
Leath
Univ
Ext
Jan
17 Va Mar
Jan
Early
16%
14%
35
31
Feb
14% Jan
16%
Feb,
12Va Jan
15/
Feb
&
1st
Cumulative
—
9%
5
700
22
49 Va
———•
Libby McNeil & Llbby common..
Lincoln Printing Co common
Lindsay Light & Chemical com..
9%
24
—,•...
preferred
8
600
750
100
9%
14%
4%'t
Field.
common.
...
preferred
...
MicKeiberry's Food Piua coiu—.
Middle Went Corp capital.
Miller
$1
Hart
St
Ine
common
.•
__
100
1
-Jl
__
22
25
8%
vtc.^——.
10
Modihe Mfg common.;
*
Monroe Chemical co preferred...—.*
Common
—
55
*
....
National
Pressure
North
American Car
Northwest
7/.
16212
common..
V'-j-
■
■
10 ;.
v-
capital——50
Peoples Gas Lt &. Coke capital—100
Poor & Co class B_._
*'■
Pennsylvania
Art
8%
Feb
Jan
41% Feb
20
Mar
23
Jan
Mar
46,
Feb
23%
Feb
'25pA >Feb'
9%
Feb
16Va
Jan
.
50
Jan
55Va
Jan
Feb
8
83%
Feb
36
Feb
53'4
Feb
50
9
9Va
1'1'4?/4>115 •
2*^>24%
42 V«v 42%
99
99
^
32
._
'
_r;.
22%
22Va
40
200
300
?
105'
jtnnn
Packing
10
common.
>
..
derrick
common.!
Electric Co
Schwitzer
Cummiris
capital....
Sears Roebuck & Co
capital—.
Corp class B common..
21%
29J/a
20%
40* .
—
10%
i.
30
20%
42%
11
-
650
100
1.600
200
&
Gamble
•
f-
South
Spiegel
Lathe
Bend
Works
capital
-
a
2
r
Dredge—
—
18%
34
,243«
40
1
•
Jan
13'4
Mar
11%
,
200
Jan
Jan
Feb
Feb
11814
Randall
class
U S
Sterling Brewers Inc, common...
torkline Fur Corp
ftewart-Warner Corp com.
1;
common—
vSiinbeam
..6
10
common.... J
Corp
39%
10
*
fc.mdstrand Machine Tool common—^-5
Swift & Co capital.—
;
Texas
i
.25
"
19%
.37%'
,9%.9%;
800
50
21%iV2i% ,'
26
-
24%
B
40
_.
,
Playing Card
S
25s
—
55
Jan
11%
11
Mar
49%
50 V»
48%
48
50%
44% Jan
9%
65%
57
•
65%
250
Jan
Feb
250
7
-i-
Feb r
61%
'
250
6%
Jah;;
/'.
9
9%
63
250
10
Printing
Feb
6V2
.■
Jan
64%
Western Bank
62
64%
62Va Mar
38
37
38
32%
53
53
50
Jan
13
•
13%
12
Jan-
50
10
Va
Jan;.;
Unlisted—
American
City
28
Rolling Mill
Ice
Cities
&
30%
30
Columbia Gas
34 Va
28%
27%
5
28%
.......
30%
34%
*
Fuel
Service
140
11
Jan
11%
364
70%
73%
375
21%
20
21%
182
44%
45%
25
41%
Feb
58%
58%
75
58%
Feb
Standard Brands
m
Timken
*
Roller
Bearing..
34%
9% Jan
11
72%
......
Pure Oil
34 Va Mar
Feb
10
...
—
Feb
20
Feb
14 /. Jan
■
if
70
/
40 %
350
850
1,300
- -
Feb
Clfiveland Stock
"
Jan
80 '
Mar
23%
Feb
65%
Jan
Mar
Allegheny
Jan
American
Coach
106
Shares
33%
Jan
27
Jan
31
Feb
'
Feb
24 Va
Jan
45
Jan
&
50c
1
5
Body
a6%
'
8%
a6%
5% Jan.;
Jan;
Jan
Jan
75
25
Clark
1
26 Va
26 Vt
150
195
26V»
26V* Mar
•
051
Qft
103
96
Controller
Cleveland Cliffs Iron preferred
Cleveland
(UNt
Graphite Bronze
Corp common—
Cliffs
Consolidated
Natural
27
30
47
25
102%
;
86
34%-Peb
Jan
-
20Vt
Feb
RR
al8
(Un)
al8 V4
17
80
Jan
20% Jan
v
Firestone Tire <fe Rubber
(UN)
25
Feb
Jan
25 V» Jan
45
Jan
8%
Jan
j
.
Feb
■'
44%
Jan
9%
Feb
24%
37% Feb
^8% Jan
Feb
26% Mar
48%
Feb
22V;
v40
Feb
18% Feb t
37% Jan
Gabriel
Co
1
(UN»
General Electric
(Un)
a46
.
.
Jan
45
V« a46Va
A
VV/iS
80% Jan
;
10 Va
10%
al3 V8 al3V8
23% Jan
//'/■/•'■/•
Jan
/
„
.
15% Feb
Jan
Feb
52
Motors
•
10
a70V2 a72V«
70 Va
70Va
FebFeb
80% Jan
Glidden
Co
-*
a39V» a39%
36%
Jan
45
F) common
*
Goodyear Tire & Rubber common.—*
a71% a71%
Goodrich
(Un)__
Gray Drug Stores...
Lakes
Great
54%
54%
100
53% Feb
61
41
•
Feb
Greif
Bros
Jan
Halle
Bros
27%
27%
28
200
25% Jan
30
Jan
53 V4
53
54
340
51% Jan
54 Va
Jan
Feb
109%
Jan
Mar
Feb
Jan
52%
Jan
34 V4
Jan
97 J4
Jan
♦
100
24
25
72
72
72
72
0
58
58
Cooperage class A—
S3
68
a60% a61%
58
*
.5
common
Rayon
Interlake Iron
(Un)
(Un)
36
•
'
* *
—
—
35%
Mar...
Mar ,
Jan_-
„
Jan;
Jan'/
31.
36
78.
Jan
_
36% Feb
(The>
common...—
United
Air
United
Light & Ry
Line
Transp
•
83
30%
83
500
101%
44%
25%
797/a
12%
Union Carbide & Carbon
35
34
35 '
_.
105
900
10
33 a Feb 4
104% Jan
capital
*
capital
6
i.
w
__
U S Steel common
—
l6i% 101%
100
44%
_.
45
200
27.
27
100
Interlake Steamship
Jones
61
Laughlln
Island L &
Kelley
'
Elec &
Mfg—
1
Cumulative
prior
Wieboldt Stores
Wisconsin
preferred
105
106
Jan
19
Jan
•
*
—
17
9
11
10%
*
capital
--
36
.
1714
11 4
36
750
1,100
200
17
Jan
10% Feb
1214
Feb
36
42 V*
Jan
Mar
84% Jan V
13 V*
13%
Jan
Jan.
20% Feb;
Jan
Jan
45 Va Feb
Top & Santa Fe Ry com
Bethlehem Steel Corp common.
see
Mar
30%
15Va
15
/
58%
*
*
47
•
—
45
17%
Mfg
16,
15 Va Jan
15
14 Va
Jan
56
Feb
60
40
Jan
ib 47
Feb
16% Jan
19
Feb
39 f!
Feb
58%
55.>^3;'.;
47 V
485
17%
180
,
0j
N Y Central RR (Un)
Ohio
Oil
page
1322.
100
*
20%
20%
300
18
46%
500
43% Jan
104
94 %
Jan
.
,
23
Feb
...
21%
*
*
—
—
34
,
5Vi
l
"
;
140
150
35
.
-
7% Jan
Jan.
S7%
Feb
-
■;
V 33%
24
,
Feb
.-35%
:
Jan.;-'
.
Jan
27
Feb
19
Jan
C.40%
Feb
24%
al5% al6Va
69
15 Va
Feb..
248
29%
Jan()^
831
51%JPeb—. ;
;/
Jan
23
35
:
150
24
Jan
39% Feb
«#4% oan
19% Feb
30
a37%
21%
6%
621
-
.
■
Jan
A
Feb
51%
a37
*
(Un).,
Corp .*
6%
a28 Va a 28 V*
*'
class B
Brass
6%
32% Jan.
v 60
a33% a34%
6%
*
•
Jan
40%
a43%. ft44%
16
1
Tile &
Patterson Sargent
*
20 Va
44%
ft St San com
Mining
Atch
For footnotes
B
Cement..
Acme
National
Packer
Unlisted Stocks—
Conoer
class
41
A\[
45
28%
J5
—10
Metropolitan Paving Brick
Ohio
1
Anaconda
28%
—*
•
*
•
Corp common
American Radiator
G)
Portland
National
,
common
Yates-American- Machine
Zenith Radio
*
Inc—
BanksOares
(A
Medusa
J
Common
T
Lamson & Sessions
McKee
Westinghouse
45
•
Jaeger Machine
Radio
*
Corp
Jan
110
Jan
Republic
Steel
Jan
106
Jan
Ricnman
Bros
(Un)
•
—
33 Ve
•
•
52%
33 Va
52
52%
;
65% Jan
65 Va Jan*
a75% a78Vs
al6% al6Va
Feb
39 Vs
;
pfd
Towing
Feb
Feb
79% Feb
Feh
Jan
58% Jan.;. *, 71% Jan i
22% Jan
26
Jan '
(B
Jart
6
Co
.
Feb
48
Jan
■
66
a69% a69%
37 Va
208 South La Salle Street Corp com_*
Trane
.
Jan
v
43
.
Jan if?
32
Feb
Jan
57% Jan
1,408
47
30
Feb
35% Feb
26 Vt Jan
26%Jaa
10
a62V» a62 %
1
-5
15
Gas
28 Va
28%
;
.c-ie^AjaB^
Jan
JaaT
•
^
<\
9
Pek
8% Jan
'
189% Peb j
185% Feb'
City Ice & Fuel
High
-•
17
17
340
a33% a33%
v
8Vs Jan
SV» Jarii
115
17 V*
al88%al90%
__
Urn
■
50
814
17 %
__
100
Range Since January 1
High
Low
•
_.
12 Va- Jan
:
3.7%. 38
n.
for Week
of Prices
Par
Akron Brass
99
21% Mar
21
Jan
-
/
,
Bates
Range
Sale Price
•TOCO—
25
19%
;
;
Jan
48%
/
Exchange
Week'*
-
Last
Mfg;
Corp
-
21
^
36% Feb
28% Jan
27%
11%
General Motors
Industrial
Corp capital.....
59%
55%:
11
*
Feb
47%
6
100
50
39%
26
__
;
Jan
General
7%
38%
^
<
80%
.
50%
.
Preferred
Feb
.
Standard Oil of Ind capital
98
Friday
17% Feb
31Vs Jan
21
Feb
37% Mar
7%
98
/aa;
49%
Feb
'
7%.
19% Feb
Feb
17
700
100
15
Feb
30
50
34
16
21%
-j,
59%
100
Feb
800
22
,243a
37%.-40
.
\
;•
J/—j
17
18%
34
Sfpckyardg capital.
Common
17
18%
37% Mar
Feb
27
250
17
common..:
Inc
St Louia Nat
Standard
—
37%
n
♦
preferred
Erie
Signode Steel Strap Co common
dinciair Oil Corp
Mar
98
100
29
Jan
20% Mar
Jan
9% Jan
150
50
21%
423i
__
I
>
..1
100
.
-21%
Raytheon Mfg Co cdmmon—__.50c
Sattgamo
105Va
31% ,32
105
Jan
89
55%
American Tel & Tel
Quaker Oats Co common
14
21%
A
102% Jan
30% Mar
21
Feb
100
Jan
15%
104 A;
15%
89
*
—
22Va Feb
100
22%
5% Mar
111% Jan
108
..Feb
182
9
1,500
6Va
110
Jan.
170
11
3,500
Feb
22 Va
Jan
4'2&%
103 %
23
41%
90
200
Mar
s 15Vz Feb
i;
111 Va Mar
171% Jan
135
Jan
23% Jan
100
690'
Jan
6
Jan
22Va Mar
..
High
46% Jan
Jan
12% Un
14'4
5%
16
*
preferred
Procter
24'
391/4 Feb
tow
41% Feb
121
,
21%
*
Jan
14%
40
550
12
RR
Jan
Range Since January 1
■
41%
114% 115
*
Daniel
class
14%
14% Jan
46
Jan
54l« Feb
100
,
29%
11%
-
Jan
Sales
Shares
37%
-
"•
Jan
72%
for Week
110 1
*
Kahn
Mar
25
5% Jan
50
25V^.-
9
69%
';?• 34
Exchange
14%
15 Va
10
Gibson
49 Va
Jan
103
Jan
21
Jan
» 20% Jan
250
25
=115
6;?'" preferred.
Penn Elec Switch class. A
,
■
-
12
—...—1
: fjf-■
Peabody Coal Co class B com2__^i.
JB
r
Feb
17% Jan
37% J^n
*
6V4 Jan
43
20
m
Feb
27%
-
104
•
72% Jan
32J/4 Jan
45%
50
50
National Pumps
300
10
4514
;
6%
Kroger
200
71«
25%,
2Va
.
100
50
83
35
20 V:
29
",40%-Feb
-
66% Jan
Of Prices
110
Feb
22%.Mar
200
172
172
15914 163
..
62%
v
-
Range
..
20
•
_
Mfg
Oak
20^
291;
^
100
T100
Busft'ShpecomtBpnll.^^
pi
-20
1
300
Week's
-
141/4
Feb
Jan
11% Jan
11% Mar
13
Jan
6,700
2,550
700
43
•
—
45%
.
.
_*
common.
lien pfd
preferred
.Nunri
;
common—^
Bancorp
Nor West Util pr
.
10
common
7%
81^4
35
83
common—ST
Cooker
National Standard
•
--
& Co com
*'
Muskegon Mot Spec nlass A_._l.__—-*
Ward
Montgomery
500
29%
13%
20
8%
19
50
800
10
-
>16
prior preferred
65%
1%
10%
46
1,550
22%. 22%
4?V»..-43,/a
lllVa lllVa
22.
23 Va
23% 25 Vs
/8%'9
1 15 V*
16 •
I 46%' 46%
55
55 ,
v
Jan
Jan
U
snail
30
41%
7% Jan
80
1,000
400
25
49,Va
12% ,13Va
11% 12
16 la 24 ,
22%
*
McQuay-Norris .Mfg common.—
900
tlQVP.ttiQli-
6% Jan
950
48 V2
13%
12
24
7
—1
*.
Jan
33%
28%
20
100
Eagle-Picher
30
Mar
28% Mar
8
16 Vs
*
common
common..!—
Co
&
A
com
-
i
•
common
dc Lamp
Ken-Rad Tube
*
*.
i
common
19
.....
—_5
Telephone
Hobart
Fireman
Iron
Katz
Jan
Feb
.
.
Feb
31%
Crank
Crosley Corp
Crystal Tissue
10
50
30
28Va
20V4
17% Feb
34
Feb
33
Jan
28% Mar
200
34
__
—i
19
34%
35
•
—1
pfd
18%
..
23%
15%
65%
29%
_*
58%2l%
*
Feb;
900
*
20%
„
90o;If 20
16 Va
,r
8
59%
____100
Indep Pneum Tool vtc new—
Power
pfd
8
10
Feb
21%
*
Baldwin
Cincinnati
Interstate
Machinery
25
capital
Jaft
67
32%
Sale Price
Products
Feb
20%
Co
3S
Feb
15%
:
Par
American
17
1
Brick
%
1
STOCKS-
Jan
500
Heileman
Illinois
V 25%-Jan
.1 r .71'Pebr
21
21%
Last
Feb
42%
Feb
59
Feb
J; 44Jan
j
Feb
27%
58% Jan
••
'
Stock
Laundry
Jan
*
21 %
—200
4
2.
Friday
American
25%
Hormel & Co (Geo) com A
70%, 71
38% Feb
700
•Moo4.7.';'
-.50
common.—
Feb
26
_.
-
*
Jan
Jan
*
: 70 v*
,ii$|i6o
27%>,28%
33%
32%
Jan
common
,
16
14%
22%
Parts
28%
_♦
Pure. Oil Co (The) common
Feb
21 Va
Bartlett
•
1
..
Pullman Incorporated
79% Feb
300
Motor
4
Feb
1,200
common
rn-
:.
Feb
16%
24 V»
Inc
1
Weir York Central RR
enpitat
Jan
100
20%
23
Spencer
,
Feb
23 %
Werner
Feb
13% Jan
•
Feb
20% Jan
27
22%
Hibb
Feb
20 Vs
350
v,
Feb5
18
•
24 %
Hein
22 Va
51%
V
v
15%" Jan
9%, Jan
408
22%
Horders
41%
12 V»
45%. Feb
"*$
•
Brewing Co G capital
41%
7% Jan
,700
16%'
21%
1
common
fTasb-Kefvlnator Corp^
U.S Rubber Co
•
W)
(H
High
500
16 V*
Standard Brands common;_.____....*
Standard Oil of N J
^^._25
8tiKtebaker Corp common
1
common^.
Co
Corp common..—
Low
:
10
46%- 47%
•
Range Since January 1
High
.
9%
47%'
RepubliosUelCorpeommon^—
Great Lakes D & D common.
Gossard
Co
Radio Corp, of America common.*——•
600
-63
17
18
Electric
9%
:f;.. 140 / ^ Jan
-
7% Jan
1814. Feb
'
350
934 " "
10
—
1
.
Shares
100
71
12
30%
_.
73%
12%
lo,
:
Jan
350
,
22Va
20 V*
14%
..100
cOmmon
,
63
-
General
82
,
CUTtiss-Wrlght
Martin (Glenn L) Co
20 ;
16%
21 Va
5
*
—-—.1—
Motors4 COrp
General
9%
21%
-10
General Amer Transp common.1.
Qeneral Candy,class A
General Finance
Mar
.
16%
-i -/
-
''
Jan
>
16%
5
iX
Four-Wheel Drive Auto.
24
56%
' 56
&
—
mglt
,
""100%,*;
100 t 1
" 350 r
2,200
7%
6%
79;
"• •"
♦
Inc
■
47 ;
24
■
■
—
Amenca
6%
24
56%
—15
common
Mills m
5
.■Mi
'
950
;49%49%
14
14 Vis
'
4
120%'-
:
200
':33%/
24%-24%
—'
"torn
.
200
9.
18%. 21
10
common new
20
;300
21%'¥'■
*
47
! /'.<.
common.—
20%
32
„
21
4
Inc com...—10.-
Electric Household Util
r
:
partic pfd—^—50
&.Cohn
Dodge Mfg Corp
' 1 -.9'
--.'I
.1
common
80%
120% 124%%
80
4
?v-;-,
M
■
A "<
5 V;
—.
High?-,- I
' * '■
' Low
MvMM
Par
.
Sale#
Bangs
Sale Price
■
*.
60
Jan
/
Monday, March 11,1946
"THE COMMERCIAL & FINANCIAL CHRONICLE
1316
OTHER; STOCK EXCHANGES
FOR
RANGE
Friday
Range
of Prices
Sale Price
K!STOCKS—
.
Shares
Ohio
Thompson Products
U
Steel
S
*
*
(Un)
Iron Works
68%
Jan
97%
Feb
29
25
a38
a38
a63 %
a64%
100
a25% a26%
65
Jan
34%
Feb
44
Jan
Douglas
Aircraft
74%
Feb
Dresser
Industries
31
Jan
25
Garrett
WATLING. LERCIIEN & Co.
& Radio
class
Stores
5530
"V
>
Oil
Detroit Stock Exchange
Co
Manufacturing Co
Petroleum Co
Nordon
for Week
Range Since January 1
Low
Hiah
Bigh
Rubber
Baldwin
—
__
McLaren
Brown.
5%
Detroit & Cleve Navigation
10
Edison
Gray
19%
Jan
22
23
Jan
20
Feb
23%
Jan
Mar
9%
Feb
27%
Feb
Rice Ranch
Feb
Richfield
650
18%
1,920
7%
26%
26%
2,509
6
6
24
24
25
Jan
460
7
Jan
5%
100
Ale
-
—
0
27%
Feb
•5%
800
5%
Max-
0%
3%
600
3%
Mar
4
Feb
17%
100
17%
Mar
22%
Feb
71%
Feb
80
Jan
Jan
24
10
72%
71%
72%
905
1
6%
6%
6%
1,440
6%
Jan
1,490
10%
Jan
1
11%
12%
12%
17%
a
Houdaille-Hershey
common-
—
18%
500
17%
22%
2%
22%
220
8% Feb
15% Jan
1'55
7%
Feb
3%
Jan
35%
11%
11%
11%
100
8%
4%
4%
4%
1,615
3%
9% Feb
Jan
800
Jan
I
8
8
i
3%
3%
10
—
Lakey Fdry & Mach common..
Masco
Screw Products
8
4
Jan
Jan
39
Jan
Jan
35
135
2%
Die
Sugar
3
11% Max-
...;
*
common
/
Murray Corp common-
■
i
I
I
Feb
3%
Jan
Jan
7
Feb
5%
17
—
1
Park Chemical Co common
Parke,
17%
250
17
Max-
21%
Jan
10%
560
10%
Jan
12%
Feb
36
common
i
Prudential Investors
1
Rlckel
•
-its
-
6%
763
36
4%
414
4
Jan
5%
7%
5
620
7%
5
•&,
10
359
Mar
16
1,137
15
Mar
19%
Jan
8%
250
8
Jan
9%
Jan
Feb
385
13
13%
300
Jan
13%
Feb
70%
73%
1,239
70% Mar
79%
Feb
150
61%
Feb
64%
Jan
169
84
Feb
91%
Jan
83
1.45
83
83
1.45
1.45
32%
33
200
a29% a29%
a29%
20
100
35
1.20
36%
774
1.20
361
1.35
2,800
10%
1.40
Feb
1.90
Jan
' Mar
29%
Feb
32
Jan
27
Jan
39%
Feb
1.05 Jan
1.55
Feb
4,300
20c
Feb
3,450
1.15
Feb
39%
39%
100
37%
Feb
42%
1.50
1.50
700
l.Oo
Jan
1.50
Feb
6%
77/8
8,430
8%
Jan
40c
7
21c
1.30
45c
1,400
8%
28c
13%
2.10
9%
400
1.45
1.50
600
6%
Feb
30c
„
'
Jan
37c
Feb
55c
Feb
8
Jan
10%
Jan
Jan
1.50
Jan
1.00
27c
29c
6,800
25c
Jan
37c
14
1,380
11%
Feb
14
1.95
2.10
11,205
13 78 a 13%
a
Jan
1.50 Jan
13%
10
1.45
13
Jan
Mar
Feb
Jan
2.70
Jan
16%
Feb
Jan
42%
43%
614
41
Jan
44%
43%
43%
100
42%
Feb
43 y4 Mar
20
39%
a40% a40%
Jan
40%
a35% a35%
40
36
Feb
36 %
Jan
a56% a58%
212
59
Feb
63%
Feb
27%
300
27% Mar
27%
Feb
10%
3,170
57 Vac 57%c
400
55c
Jan
65c
Jan
16%
16%
435
14%
Feb
17%
Jan
3%
3%
1,300
3%
Feb
26
26
285
25%
Feb
27%
Feb
53%
Jan
65
Feb
10c
Jan
27 %
9%
9%
1
57 %c
•
Corp
33
20c
27%
Oil Co
32% Mar
1.20
1
Oil
.
a60% a65%
Republic Petroleum Co commoncommon
Warrants
—
•
Inc—
Stores,
Safeway
__
30
Security Company
Trading Corp
8%
400
60
60
202
11c
11c
12,500
69
69
100
69
a20c
a20c
500
20c
13%
18%
645
17%
21%
21 %
120
34%
35%
940
31%
31%
30%
30%
40%
41
60
25c
Sierra
c
Oil & Gas Co A
Petroleum Co (Cal)
Signal
_
Signal
Jan
10%
Feb
Feb
Sinclair
Oil
__
_1
Coro
Aircraft
4% Jan
14c, Feb
77
Jan
Feb
25c
Jan
Feb
20%
Jan
21
Feb
23%
Feb
33%
Feb
39% Jan
537
31 %
Feb
32%
Feb
365
30% Mar
31%
Jan
1,700
40% Mar
42
Jan
Mar
_
a20c
•
18%
Zi
Co
~
25
Southern Calif Edison Co Ltd
6%
preferred class B
25
Calif
southern
Pacific
•
57%
57%
57%
685
56
Feb
65%
•
Company
43%
43%
44
1,403
42%
Feb
49%
Jan
8%
3
8%
1,070
7%
Feb
9%
Jan
30
Jan
30%
Feb
16%
Feb
21%
Jan
23%
Jan
21
1
Oil Corp
Sunray
—
25
pfd A...
ti'i
Gas
31%
25
preferred class C
5l/2%
Southern
»
Western
Jan
Feb
Yosemite Portland Cement
3,031
25
24%
23%
24%
2,013
10
25%
24
26 %
3,470
33 %
34
200
1st pfd—*
1
Inc
Lines
17%
—
pfd_—
a28 % a28 %
50
75c
200
10
75c
Feb
27
Feb
26 % Mar
33% Mar
35% Mar
33 '/a
Jan
33%
Jan
75c
Jan
1.05
Feb
Feb
4%
Feb
„
Co—
Weber Showcase & Fixtures
Air
160
17
—
Jan
39
30%
17%
—
Corporation
of California
Consolidated Oil
Oil
Union
30%
2
Corp
Milling
Taylor
Transamerxca
7%
Jan
4%
—
13
359
a58%
7
5% Jan
5% Jan
160
36
6
6%
*.*3<sr ' 3
Co
(H W)
514
6%
6%
—-
*
Davis
Peninsular Metal Products
Jan
•
•
Universal
—
1.25
85c
Jan
4% Mar
300
10%
o
i
•
Packard Motor Car—
Mar
Lighting Ccrp common
Pacific Public Service 1st pfd
Jan
2%
2,100
4%
5
5
16,988
6
4%
I
Casting
Michigan
Michigan
2%
5%
4%
McClanahan Oil common
9,325
15
25
25
25
pfd
Standard Oil Co of Calif
I
Feb
1.05
Feb
28
Mar
3%
35%
Kingston Products
Drug
18%
22% Mar
Kinsel
Kresge (S S) common—
20%
Pacific
Solar
Hoskins Mfg common
Feb
Feb
3%
17%
—
1st
5V
common
preferred
Feb
Jan
32% Jan
16%
8%
10
25
1st pfd
5% r/c
17%
8%
1
Brewing
Graham-Paige common
1st
21 %
5%
10
Goebel
6%
210
7%
——
Frankenmuth Brewing
class B
Feb
Co
Gas & Elec
Pacitlc
215
26%
5
General Motors common
5
Jan
3%
Jan
19%
20
common
Iron
Gemmer Mfg
1,453
19
17%
7%
1
Detroit Steel Products
Friar's
Jan
4'%
7%
Jan
15%
17%
10
Detroit
4%
700
22
«
Burroughs Adding Machine—*.
Consolidated Paper
Continental Motors
Detroit
900
16%
4
4
1
.
6%
15%
6
Electric
Feb
Ltd
Inc
Finance Corp common
Pacific
'
Oil
Feb
517
359
15%
1
Mng & Dev. Co
Aircraft,
Oceanic
25%
17%
85c
1.05
110
17%
1
1
1
1
Corp
Pictures
Corporation,
Northrop
a24% a25%
1
1
1
Co
Mt Diablo Oil,
Sale*
a24%
10c
10c
10c
1
Lockheed Aircraft Corp
Monogram
Allen
Feb,
222
~
Merchants
Shares
26%
a95%al00%
*
*
10
Co
Menasco
Range
Feb
1
—
Petroleum
Mascot
of Prices
22%
.•
Co
Petroleum Corp
Oil
Lincoln
,
Lou)
200
com——•
Motor Car Co
Hudson
Jade
Last
Feb'
24
72%
"A" common
Honolulu
Intercoast
Par
31
a65%
Hunt Foods Inc common
STOCKS—
Jan
10
DETROIT
Week'a
30%
a99%
2
Development
Oil Corp
Holly
Chicago Stock Exchange
Friday
640
24
1
common
Goodyear Tire & Rubber Co
New York Curb Associate
.,.
31
1
A
Corp
Hancock Oil Co
Telephone: Randolph
Feb
30%
Nat'l Bank—100
Television
Motors Corp
General
Members
Ford Building
45%
30%
4
1
Oil Co, Ltd class A
Fitzsimmons
Detroit Stock Exchange
Jan
Jan
50c
(new)
Electrical Products Corp
Psrnsworth
Stock Exchangt
23%
34%
•
Co
Farmers & Merchants
New York
17% Jan
1,025
Jan
62% Mar
Exeter
?
540
39
Feb
35%
395
High
19%
37%
1
Inc
America,
of
Low
No.
13%
*
Preferred
Creameries
32%
32%
Feb
—
Range Since January 1
Low
39
•
•
Colorado Fuel & Iron new
Jan
Shares
High
Consolidated Steel Corp
79%
156
fer Week
m
Feb
25%
53
10
a80% a82%
High
21% Mar
754
a53% a53%
*
White Motor
«
1
Voungstown Sheet Sc Tube common—•
Youngstown Steel Door (UN)
Dorn
Van
Low
22
22
10
Inc.
of
Oil
Standard
Range Since January 1
High
tow
Par
~
Range
of Prices
,
Sale Price
STOCKS—
Sates
Week's
Last
for Week
Last
'
Friday
Sales
Week'a
,
WEEK ENDING MARCH 8
6%
Jan
Feb
6%
Jan
Scotten-Dillcn
11%
11%
12
886
11%
Max-
13%
Sheller
10%
10%
11
251
10%
Mar
13%
8
600
6%
9%
Jan
Jan
12%
Feb
-10c
16c
12c
18c
31,000
12c
Jan
13c
Feb
.10c
19c
19c
19c
2,000
15c
Feb
19c
Feb
12c
Jan
20c
Jan
9%
—10
Feb
7%
BflntngStocks—
9%
110
8%
Jan
River Raisin Paper
!4-
——
Mfg new common
Standard Tube
B
1
common
'St *v'i
8
■"
v
•J
8%
Jan
Feb
Cardinal
Gold
1
Co—
Mng
12 %
Tivoll
Brewing
Udylite Co
V
—
6
5%
JL
.
l
I
Radiator common-
S
12%
1,605
12%
12%
14
--
14
5% Mar
8
Jan
13% Jan
13%
350
4,600
2.10
2.10
1,100
\
7%c
7%c
8c
5,000
6c
17c
15c
17c
14,600
14c
Jan
12
3,144
12c
2.10
1
Jan
16%
-25c
Feb
25c
f
*
Walker & Co class B
i
Aircraft common.*;
Warner
4
Screw Products
Wayne
13%
5%
6%
9%
Jan
4%
Jan
9
Jaa
5,215
9%
6 %
—
13%
150
285
13%
—
14
6%
12
Jan
Unlisted
Rad
&
&
Mining Co
Anaconda Copper
(III)
Armour & Co
A T & S F Ry
Atlantic
COMPLETE INVESTMENT
Aviation
Listed
Corporation
BROKERAGE
Baldwin Locomotive Works vtc
FACILITIES
Exchange
—
Co_:
Refining
Barnsdall
Bendix
Unlisted Issues
Oil Co
Aviation
Corp
Bethlehem Steel Corp
Boeing Airplane Co
Borden Company
Direct Private, Wires to
ALLEN & CO.. NEW YORK
Borg-Warner
Corp
—
—
SCHWABACHER & CO.. SAN FRANCISCO
a
188%
a
191
a62% a63%
625
14—TRinity
Case
4121
(J
I)
Tractor
Commercial
360
13%
50
5
14%
880
a97% a99%
151
a36 % a 36%
a99%
Friday
Week'i
109
Range
gf Prices
for Week
Par
Alreon Mfg Corp-..
——_50c
Bandinl Petroleum
Co
Barker
common
Bros
Corp
Barnhart-Morrow
i
;
Consolidated
Diamond
1
.
Corp
r
2
Chlca Oil Corp.
Broadway Dept Stores Inc
common
California Packing Corp mmmnn
Central Investment Corp
Cessna Aircraft Co
Chrysler Corp
For
—
footnotes
...
page
•
Low
14
100
14
4%
3,400
4
v.Feb
50%
100
42
Jan
75c
75c
85c
800
4%
4%
17%
*
Jan
67/#
310
7
6%
7
3,450
5%
5%
2,790
50
48
50
4% Mar
1,146
6%
Feb
5% Feb
48
Jaa
loo
145
140
145
8%
Feb
1.00 Feb
Feb
15%
109
36%
Feb
Jan
Feb
1,085
9%
Jan
14%
Feb
32
477
32%
Feb
38%
Jan
26%
605
340
22%
Jan
26% Mar
98
Feb
112% Feb
40
102
102
50
a27%
a28
ao3
a53
108
33
Jan
33
Jan
52%
Jan
51
Jan
6
a46% a46%
19%
19%
685
19
Feb
22%
Feb
a42% a43%
35
45
Feb
47
Jan
a68% a69%
75
26%
Corp
19%
Feb
33% Feb
all%
all all%
95
10%
Jan
a20%
a20% a20%
128
21%
Feb
13% Jan
22% Feb
a33 a33%
'100
31%
Feb
28%
28%
143
32%
Feb
4
7,617
2%
Jan;
4%
Feb
a27% a27%
95
27%
Feb
32%
Jan
20
425
18%
Jan
23% Jan
a35% a37%
120
3%
19%
20
a31% a31%
a32%
100
10
2,418
a30% a32%
225
9%
10
a21
a21
50
46%
*6
Jan
"
General Foods Corp.
*
Graham-Paige Motors Corp
—I
Great Northern Ry Co pfd———•
30%
Jan
31% Feb
Feb
Jan
12 %
27%
Jan
33% Feb
21
Feb
22
8
46%
620
Feb
46% Feb
51% Feb
a50%
a52
98
50%
Feb
50%
11%
12%
1,510
11%
Jan
15% Jan
a55% a55%
—
25
12%
Feb
7% Jan
6%
54
Jan
Interlake
Jan
International Nickel
41
Jan
45
Iron
114
Jan
176
Jan
Kennecott
Feb
Libbv.
Corp
Tel
16%
200
13%
Jan
20%
Jan
a38 a38%
a23%
a25
155
39%
Feb
41%
Feb
83
25 Y*
Feb
31% Feb
a51% a53%
320
16%
i—
„
&
Co of Canada—*
Tel Corp
•
a38%
...
Jan
30
*
Jan
34%
a69%
General Electric Co
55
8%
465
;
6%
Jan
9%
'
120% 123%
Jan
Feb
Feb
12%
a51% a517/a
Electric Power & Light Corp..
-
&4l% a41%
12%
109
51
Jan
53
-
&
Jaii
Feb
a43%
1
——1
5
——5
1
Corp
Curtiss-Wright Corp
International
i
1322.
75c c Feb
Zellerbach
43%
23
194%
High
Mar
4%
14
.♦
~_5
_
see
Sigh
5%
Bolsa
Range Since January 1
50%
4%
*
Berkey & Gay Furniture Ca—.
Blue
tow
Crown
Shares
Aircraft
Feb
25%
26%
•
Continental Motors Corp
Continental Oil Co (Del)
Sales
Last
Vultee
Jan
25
Company
Corp
Edison
17%
186%
12
5
15
5
& Southern Corp
Commonwealth
Sale Price
Jan
32
13
5
5
*
10
*
*
25
*
Electric Corp
Solvents
Commonwealth
Cons
Co
Co
Service
Columbia Gas &
Los Angeles Stock Exchange
Co
Co
Caterpillar
Cities
STOCKS—
Jan
150
46%
4
West 7th Street—'LOS ANGELES
8c
24c
25
*
Canadian Pacific Railway
210
Feb
Jan
90
647
46%
100
25
3
Co
21
a62% a62%
al9l
100
14
Corp
Viscose
American
20%
Corp
—*
Refining Co—•
San
Stan
Smelting
American Tel & Tel Co
Member Los Angeles Stock
Jan
Stocks—
Jan
American
AND
2.60
Jan
Jan
Amer
FAIRMAN & CO.
2.15
365
120% Mar
133%
Feb
Loew's,
Copper Corp.
McNeill & Libby.
Inc
J
a52%
55%
Feb
12%
13%
545
11%
Jan
14%
Feb
36%
36%
350
33%
Jan
39
Feb
80% Jan
.Volume 163
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4471
OTHER STOCK EXCHANGES
RANGE tor WEEK ENDING MARCH 8
^Friday
Last
Sale Price
Magnavox
13%
Central
York
Mew
American
North
American
Ohio
283a
366
27%
14 V2
130
14 V4
Jan
33 Va
Co
31%
33 Va
225
31% Mar
a20% a22%
Pictures,
Radio
"
10%
Jan
12%
70
60%
Jan
70
47%
43
Jan
47
37%. Feb
42%
* 4
21%
20%
Feb
America-
15%
16%
15%
Feb
Corp
Corp of
33 Ve
33 V4
31
Jan
Steel
42 V2
42%
36 Ve
Socony-Vacuutn Oil Co
Standard Brands, Inc.——
15%
16
15%
Feb
44%
Jan
Co
&
Columbia
47Va Jan
a44% a45%
Standard
Oil
Co
(Ind)
Oil
Co
(N
J)
Feb
a65%
a
Feb
65%
Feb "
68 Va
Harbison
Feb >
23 V
■
al9% al9%
18%
Studebaker Corp
a28% a28%
30%
Feb
33%
Swift & Co
38 Va
Jan
39%
Mar
53
Texas
Co
Texas
Gulf
50% Mar
Sulphur Co—
19%
Carbon
Union
Carbide &
Union
Pacific Railroad
United
Air
United
Aircraft
United
Corporation;
U
S
Lines,
Steel
Warner
Feb
San Toy
45%
common.
11%
11
•
'11%'
.
22%
9%
24%
134
48Va
Jan
Jan
Feb
15% Feb
31
■
24% Mar
25%
Jan
' Mar
9%
Jan
24%
15%
Jan
Corp.——.
6%
Jan
:
1
W' 28 Va Feb
Jan
10%
—
Feb
6%
-
1
Jan
490'
-
—.
Supply—
Fireproof!ng
Feb
19%
v
Brewing commonPlate Glass new
Screw & Bolt Corp.—
Steel Foundry pfd—
,
40
United
Oil
&
Steel
Gas
Glass
vtc
—_
Feb
Jan
14%
Jan
^
,
65 % Mar
2%
'
Feb
1
——
Steel—!
Westinghouse Air Brake
Westinghouse Electric Corp
45%
.
1
common—
Vanadium Alloys
a32% p733'4
•
1
common
Springs.:
States
Common
Feb
t.
48%
Feb
% Mar
2
'
6% Feb
Va Feb
9
Jan
2%: Jan
Jan
65
Jan
9%
>
Mar
4%
Jan
12 Va
s
Mining—
Standard
al47%al48%
Co
Inc
Corp
115
8
Gas
Shamrock
Feb
50% Mar
22 V* Jan
100 Va
25%
High
>
Jan
1
*
•
.
12 %
com
(Del.)
Corp
Union
Tel
a38
Inc
Pictures
Bros
Western
al01%al0238
Corp.
Feb
100 Va
Tide Water Assoc Oil
25%
—
V
Low
15% Mar
Renner Co
58%
Webster, Inc
25
24%
Fuel
Pittsburgh
Pittsburgh
Pittsburgh
Pittsburgh
Feb
&
?'• 5%
37%
.-,/r
Jan
a38 Va a38 Ve
Stone
220
w—
Electric
Ra nge Since January 1
,
,
42 %
VQ\i.,sX'X--'5%
common—,
Ohio Oil & Gas
Jan
;
High.
40%
Walker Refractories
Star
National
Jan
■
Co
Shares
?
Brewing
Mountain
47Va Jan
43% Jan
38
65%
Co
tow
Steel
Gas
Gas &
Pitt
Lone
Feb
39%
39
Standard
of Prices
Devonian Oil
Fort
i-ik, 17% Jan
■
Nat
Bmw-Knox
18% Jan
39% Feb
(new).
Sears Roebuck
Ludlum
Arkansas
23% Feb
38%
38%
Sale Price
,
Allegheny
ao0%
21%
Sales
■
!VvLa8t;/V!X;;f;.c^
Feb
abU
Co
Friday ?■/ "Week's
:■.
STOCKS—
Feb
Feb
43%
Inc
Republic
95
Feb
68%
Phelps Dodge Corp
Oil
19%
1G%
Inc.
Car
"
Feb
14 Va
Pennsylvania Railroad Co.
Pure
Jan
28%
10%
Pullman
76%
79'a
Co—
Paramount
360
50
Jan
80
Feb
35 Ve Jan
16% Jan
34% Jan
* 22% Jan
14 Va
Inc.
a22%
Motor
13% Ma'?
Jan
45
RR
Aviation
Oil*Co
Packard
High
Low
13% Mar
125
Montgomery Ward & Co, Inc..
North
Ranee Since January 1
47
13%
79',a
a48%
Inc
Bobbins,
tor Week
Shares
High
a48% a48%
Co
&
t'
XV
•..
salt*
(
of Prices
low
''
■
*«crk.eb&on
'
vw«*k*u
Banc*
Willys-Overland
Motors,
34%
St. Louis Listed and Unlisted Securities
35
a21% a21%
Inc..
•-v'r-v
.
'
*
■
a54%
(F W>
Woolwortb Company
a38
a45% a46 %
A
Co
Westinghouse Elec & Mfg Co—
u57
":V '• ■' T
..*
vj
V:' V > !*'I;
•
Xy 'r' >V.
■:£\ '
■
■
'•>
"•
*'■'■*,/, ;•
■
Edward D. Jones & Co.
Established 1871
North
300
4th
\
2, Missouri
St., St. Louis
' "
i
' '
Phone
CEntral 7600
Bell Teletype SL 593
Members
New
St.
Sales
Range
for Week
of Prices
Shares
Pot
Stores
American
& Tel.
Tel
American
r.
.i
—
t£
Budd
Mtg Co common—
Wheel
G)
100
low
New
Low
High
„13
•
Co
'
Louis Stock Exchange
York
Exchange Associate
;
530
27%
Jan
32%
185 Va
Feb
195%
33 Va
148
31% Mar
38%
21 %
22%
360
20Ve
Feb
26 %
Jan
23%
26
305
21%
Feb
28%
Feb
*
Friday
General
A
Motors.—
Power
Pennroad
Aloe
Co
88%
12%
300
Dr
Electric pfd
Feb
Falstaff Brewing common
Jan
Griesedieck-Western
Brew
21
22
50
preferred
Oil
Dome
Paper
33
32% Jan
75
115
10
Jan
lO'/a
^ 40.
'35 %
- 44
.115
: 26
■
Jan
35
114
International
Key Co
Shoe
22
.
Jan '
Jan
.
Jan
Jan,
Feb
Feb
Feb
68
Feb
„
21% Mar
125
56
15
250
22%
23
26
27
49%
50
45
45
;
43Va
10
7
170
5
200
10
405
135
24
50.',
'
Mar
Laclede-Christy Clay Prod
Laclede
Steel common
Mining
Tonopah
Transit
Corp
Invest
United
$3
St
Corp common—
Pub
Louis
Aluminum
Sterling
preferred
Westmoreland Coal
CANADIAN
RANGE
WEEK
ENDING
Canadian
MARCH
Week's
for Week
of Prices
Shares
Par
Power A Paper
Abitibi
6V*
preferred
7%
preferred
Acadia-Atlantic
71%
714
—10Q
98»/2
96%
100
182
181
•
23
—
Sugar
common
Preferred
Gas
Acme
_*
Co
Oil dt Gas
Pacific
Alberta
•
J
Consolidated
1
Alger Gold MinesAifeoina
ottfc.
22
734-'
__
1,92
99%
182 '
23
15c
39c
9
9
30
30
1.90
Low
1.97 "
15c 15 %c
SVe
Jan
2,755
93
Jan
100%
Jan
65
176
Jan
182%
Feb '
855
20%
Jan
10
103V2
Jan
1,000
8V2
Jan
40
24
,
Jan
106% Mar1
11
.Jan.":
17,400
22
1,025
Ltd
Aluminium
American
Anglo
of
—•
Yellowknife
190
100
pfd.
29c
•
1.03
Week'*
Geld
of
Bank
Nova Scotia
Barcelona
Traction
Base Metals
x_
Bros
class
& RadiumA
Yellowknlfe—
—
TAiPObone of Canada
Belletei re. Quebec
Warrants
footnotes
Montreal
of Toronto
Beaulieu
For
;
Mines
Bagamac
Bankfield Consolidated Mines.
Beattv
Argus Corp Ltd common.
*%% conv preference.
Mines
Berqps River Mines —!-
set
page
1222,
Range
of Prices
;
40
Feb
49
Feb
»
Btlei ^
" lor Week .;
r
-
^
-
"
*
"
«
.
Range Since January 1
Shares
-/'-*'
High
idio.. \
^
High
16,400
31c
Mar
'
^55c
Jan
12,600
72c
Mar
V
95c
42c
46c
40.025
42c
Mar
Jan
Jan
12%
13
13c
13c
71c
38c
43c
38c
45c
65c
1.25
74c
1.45
6.00
6.40
.
,
.
119,662
36,560
12,300
86,100
52,658
10,251
62c
13% Feb
12% Mar
12c
Jan
975
3,500
16c
60c
1.28
Mines
Beattie Gold Mines Ltd——-
Mines
I
6.00
Aubelle Mines Ltd
Aumaque Gold Mines—.—
Aunor
Bear Exploration
Porcupine Gold-.
Feb
•
80c
67c
Bathurst Power class A
Ansley Gold Mines
28% Feb
Jan
44
72c
38c
Mines.
108%
—1
Canadian OH
Anglo Huronian —
Anglo-Rouyn Mines
Aquarius
Yellowknlfe
Atlas
Bank of
common
Canada
32-
Feb
Jan
3l!c. ^ 37c"
38c
Mines
Athona
Bank
Aluminum
-
13
"
3,000
41c
Jan
560
270
64c
Ashley Gold —
Astoria Quebec Mines
11,900
38c
18 Ve
35Vs
.
21
'
42c
Mining
Ashdown Hardware
Feb
10
19% Mar
74c
High
7
21V2
tOiBiutu.
Arntfield
1,685
•
29
32c
Mines
Armistice Gold
High
106Va IO6V2
9
Agnew-Surpass Shoe common
AJax
Low.
common.—*
——
Gold
Arjon
Range Since January 1
-
-
45
L(tw
Sales
Range
Sale Price
ITOCIvfi-
JLast
Sale Price
Funds
List
24% Jan
8
Exchange
Friday
28
^.
35
45
Friday
Toronto Stock
25%
85
Feb
25% Mar
Jan
MARKETS
LISTED
FOR
20
25%
Jan
-
18% Feb
16% Mar
25% Mar
65
75
45
common
StiXj Baor & Fuller common
Wagner Electric common
United Gas Improvement.
19%
20
cl A com
Serv
25%
25»/4
common
Cement com
Mo Portland
17%
26
25%
25%
25%
McQuay-Norris
common
Preferred
16%
25%
17%
com.—.
Jan
.Jan
9
15
*
-
Oil
Sun
Feb
25% Feb
Jan
52% Jan
,4
Jan
10
..
32
,
Jan
6
10
6
common
;
.
22V*Mar
J
* 25 ^ Feb 4.
47% Jan
150
common
Mar
56
72
49Ve
Johansen Shoe common
Corp
common
%
26 Va
Hyde Park Brewing common.
Hydraulic Pressed Brick pfd
JL—
common.-
8% Jan.
205
56
common.
Huttig S & D common—
Area
37% Feb
: •
Jan
Feb
—
Co
"•
34
44
115
27%
—
Corp
Scott
Jan
;"/• 48
525
35
33%
44
28 Va
preference common
preferred
Phila Elec Power 8% pid
4.4Vr
2nd
140
34
33%
common
118%
$1
Salt
88% Mar
13% Jan
09% Feb
8
405
10
Feb
Feb
35% Mar
20
49%
9%
10
common.!
Bottling
Pepper
Emerson
Mar
20
Philadelphia Electric Co common.
Reading
-
20
35V2
49
Clinton Industries common—
Coca-Cola
4QVe Mar
Salt Manufacturing
Philco
9
9
35%
49
common
High
85
12%
20
12%
Mfg
1vr5
Low
High
88%
Electric Co
Century
Light—i
&
Pennsylvania RR
Penna
" % ''
Range Since January 1
Shares
common
—
Burkhart
■
common
Bank Bldg. ^Equipment common
Brown
Shoe
common
Ligni
,
Range
Corp
Power
Penna
&
S
American Inv
Lehigh Coal & Navigation
National
■
of Prices
LOW
Light—
Salea
lor Week; '•
Week's
•:
common
Power &
"
Feb
22%
Storage Battery
Electric
<-v v
"
Jan
31%
-
Last
Delaware
.
Jan
791
28%
Sale Price
Pub Co
"V
Chicago Board of Trade
Curb
Chrysler Corp
Curtis
»
High
293 8
188 Vb 191%
28%
191
,
Exchange
Range Since January 1
25%
Baldwin Locomotive Works v t c.
Budd
—•
Stock
Chicago Stock Exch.
Week's
Last
Sale Price
Friday
York
"
20c
Jan;
Jan
87c
Feb
49c
55c
75c
1.55
7.25
Feb
Jan
Mar
Feb
Feb
620
32c
Jan
3.8c Mar
60c
Jan
■ 1.23. Jan
4.50 Jan
x
Monday, March 11, 1946
CHRONICLE
THE COMMERCIAL & FINANCIAL
CANADIAN LISTED MARKETS
RANGE
Last
Sale Price
STOCKS-—
WEEK
ENDING
MARCH 8
m:
Shares
STOCKS—
Range Since January 1
Low
80c
8,560
70c
Jan
92C
Jan
Dominion
32c
31c
33c
32,625
3lc
Feb
45c
Jan
*
1(>
16
14
56
579
12
Jan
14%
Feb
58
135
56
Jan
60
Jan
Dominion Steel
26c
23,000
21c
Jan
30c
Feb
Dominion
Stores
34c
36c
18,800
33c
Feb
SOc
Jan
Dominion
Tar
22c
28c
4,200
20c
Mar
30c
Feb
Dominion Woollens common
*
26c
20c
26c
2,100
26c
Mar
39c
Jan
Donalda Mines
*
16%
27%
1634
26'/a
17%
27%
2,235
16% Mar
18%
Feb
3,915
26
Feb
30%
325
22
100
21V8
Feb
105% 105%
10
104'A
Jan
Jan
13%
13%
14
1,230
13%
Jan
14% Feb
'
*
50
Ribbon common
Preferred
.
Gold
—
35c
1
Mines
1
•
Bonville Gold Mines
Boycon Pershing Gold Mines
24c
25c
i
Boojo Mines Ltd
t.! Bonetal
—
—
J4
14
Feb
17
105%
Preferred
Jan
class B
Ltd
Mines,
—
•'
British
American
Columbia
Packers
16
400
1.23
1.38
40,600
1.25
1.38
9,450
32c
30c
36c
31,400
2.74
Class
Feb
38
Jan
51
243
28
Jan
31%
800
4
Feb
5
Jan
Jan
55c
Jan
Elder
Broulan
40c
—•
Oil
40c
43c
11,820
40c
60c.
—1
Gold
60c
60c
62c
18,825
1
1.40
1.33
1.50
14,500
•
Porcupine Mines, Ltd
Buffadison
3.00
8.00
8.60
2,350
Mines—
;Buffalo Ankerite Gold Mines
1.58
Jan
36c
12,700
33c
Mar
45c
44c
47,300
40c
Jan
97c
Burlington
32
34
1,250
7%c
7%c
8%c
10,400
•
Steel
34
•
13 V*
13 V*
13 %
190
13
Jan
15
Mar
26
Calder Bousquet Gold
Linen 1st preferred
11
Mar
15
4.50
Feb
15-
132,700
SOc
1.20
1.27
191,371
27
27
25
90c
Mar
1.00
Jan
27
Mar
36
Jan
5
9
Mar
13
Jan
10
10
Jan
13
Feb
5.50
5.25
5.65
3,030
5.25
Mar
6.35.
Feb
common.
15%
15%
16
475
15% Mar
16
Mar
57%
54
57 %
1,075
48%
Jan
60
Jan
7%
7%
600
5%
Jan
107
104
108
105
17c
16 %C
18C
35,400
5%
6%
575
29
28%
29%
2,160
31
31%
50
.25
Life
22 %
23
11
12
244
Jan
4c
Jan
34
9c
Mar
Feb
Players
Grain
Federal
new
:
30c
30c
30
18
—
6,900
Kirkland Mining..
30c
Feb
44c
40
28
Jan
32%
Feb
Fleet Aircraft
*
55
37c
30
18
7%
*
100
1
common
Preferred
17
Jan
19
Jan
Ford Co of-Canada class A
*
*
*
90
Jan
16 %c Mar
Feb
2.20
2.20
2.40
Jan
36c
44c
36c
Mar
44c
Mar
Frobisher
37 %c 37 %c
500
35c
Feb
51c
Co
60c
58c
65c
10,400
*
5.00
4.80
5.25
2,200
*
Gold
Ftancoeur
36c
13,200
27,750
2.95
1
2.15
Jan
Exploration
18 %
16%
18%
240
Power
Gatineau
Campbell Red Lake
1
2.63
2.63
2.75
5,200
2.40
Jan
3.30
Feb
5%
Canada
*
8%
8%
8%
625
6%
Jan
9%
Jan
—
107% 107%
79
80
5
102%
Jan
New
preferred
110
110 110%
111
Class
B
preferred
50
—
160
75
Feb
80
Steel Wares
Canada Cement common
•
17%
17
17%
1,100
Canada Malting
•
56%
53
56%
210
•o' Canada
Jan
7%
Feb
Feb
32%
Jan
30
Jan
32
Jan
56c
Feb
75c
Jan
5%
Packers
Class
Jan
18%
105
Jan
110% Mar
20
108
Jan
111
Mar
10%
Jan
11
Mar
common
*
100
19
19%
990
18%
Feb
26%
Feb
Jan
107 %
Jan
Jan
8.70
Feb
105
107
11
835
11
Mar
14%
Feb
Gillies Lake-Porcupine
38
39%
200
36
Jan
40%
Feb
Glenora
20
20
21%
600
17%
Jan
21%
193
20
196
20%
25
*
195
20'A
642
17%
Jan
23
50
51%
50
51%
415
47%
Jan
52
8.10
5,536
20c
22c
20,100
18c
Jan
25c
Feb
10c
14c
127,500
10c
Mar
22c
Feb
Feb
100
Gold*
10
7.75
12c
Giant Yellowknife Gold Mines
107
7.75
20c
Jan
38 %
12%
Feb
18% Mar
50
•
11
Jan
110
*
Power
class A
B
14
5.55
11
Preferred
Feb
Jan
111
62
Mar
4.15
11
•
Northern
Canada
14%
53
Jan
Jan
Jan
111
Mar
General
24c
*
preferred
preferred
General Products Mfg
107% Mai-
119
class A
100
100
5%%
100
common
9%
28
Jan
37!/2c
J.
common
Jan
9
•
Bread
Jan
1.45
11%
Caiman
Flin Flon_
Jan
1.38
9
Calgary & Edmonton
Calmont Oils
Feb
11%
Famous
Jan
23
12
-1
*
*
preferred
Jan
11%
1
Foundation
2nd
3.50
3,215
—
Federal
Caldwell
Jan
Jan
48,550
2.60
Fanny Farmer Candy Shops-
Jan
*
Class B
13c
3.35
12
1.05
Feb
Feb
Mar
9c
4.40
1.15
Jan
Jan
Jan
22
23'/a
125
*
Burns & Co class A
62c
Feb
Feb
•
Products
Jan
38c
1.60
46c
4.00
1.21
Falconbridge Nickel
Building
Bunker Hill
Mar
11%
B
Equitable
Jan
40c
6,900
7,500
Feb
1.20
30c
12,975
}
——
Gold Mines
Class
10% Feb
33c
Jan
2 .SO
English Electric class A.
Feb
41c
K Buffalo Red Lake Mines
Gold
Eldona
72C
Mar
1.20 Jan
6.10
Feb
33c
•
Buffalo Canadian Gold Mines
r;
4
Jan
1.85
4.05
Eastern Steel new common
—
17%
2.60
„1
26
1,540
30
•
Dominion
East Malartic Mines
East Sullivan Mines
21 %
51
30%
28%
Jan
Mar
1.23
11%
Jan
Mar
26 %
49%
1,460
50%
57c
10c 10 %c
10c
-1
26'/2
B
British
56c
Gold MinesOil
•
31
4%
30'A
13
15%
1.36
*
common—*
Oil
British
British Columbia Power class A
Feb
Feb
23
1
Crest
Feb
105
J
Mining Co
Gold Mines
East Amphi
Feb
16%
25
Duvay
East
50
24
24%
Duquesne
•
1: Brazilian Traction Light & Pwr com—*
Brewers & Distillers
5
Bralorne
Jan
Jan
545
16
Feb
Jan
Jan
2,485
23
1.28
Feb
13%
15
14%
24%
common—*
& Chemical
25%
106
45
48
13%
22 %
48
High
15
21
48
13%
22%
50
2b
pfd
Investors
Scottish
Dominion
Jan
12%
Dominion Malting common.
*
215
Low
7%
12
75c
—
Range Since January 1
High
22
Magnesium
75c
Blue
S
Shares
High
Biltmore Hats
•
for Week
Par
Low
High
Bldgood Kirtciand Uoio—
:
Week's
Range
of Prices
Friday
—1
Gold
Bevcourt
Salee
Last
Sale Price
fer Week
of Prices
Low
Par-
FOR
Sales
Wetk'i
Range
Friday
Gold
7.55
God's Lake Mines Ltd
% Canada Permanent Mortgage
Canada
Steamship
Preferred
v?
common
Canada Wire class A
Class
•
B
Jan
178
196
67c
60c 67 %c
43,900
57c
Jan
88c
Jan
Goldale Mine
34c
34c
35C
9,190
28c
Feb
39c
Feb
Goldcrest
68c
75c
34,200
59c
Feb
87c
Jan
68c
Gold
17c
16 %c
19c
15,900
9c
Jan
25c
Feb
Goldhawk
1.00
1.14
14,550
90c
Jan
Feb
88%
88 %
20
84
Jan
89
Feb
25
26%
270
25
Mar
28
22
23%
2,740
22
20%
22%
4,040
25c
1.05
Jan
23%
Eagle Mines
—
*
25
10
•
64c
40,700
53c
Jan
79c
Mining-
31c
30c
32c
30,325
30c
Feb
40 %c
Golden Manltou Mines.
2.25
2.20
Bank
Canadian
Breweries
Commerce
common
Rights
££
1st
2.26
5,200
21c
25c
6,000
21c
Mar
73c
74c
1,100
69c
Mar
9%c 12 %c
88,467
7c
Jan
Golden
23 % Mar
20% Mar
28%
Feb
Gate
40c
45,022
25c
Feb
23
255
22'A
Jan
24
—
26
26
100
25
Jan
26% Jan
*
Canners
23
22%
23
265
22
Jan
23%
Jan
•
17%
17
18
1,515
17
Mar
20%
Jan
21%
23
Feb
Graham
Feb
Grandoro Mines
*
common
preferred
Conv
Jan
22%
25c
Canadian
18%
—
20
preferred
70c
Class A
y,r
Goldora
*
Canadian
common
$1.75 preferred
22
21%
22
1,870
•
64
63
64
340
59%
Jan
68
loo
Ceianese
43%
43%
43%
170
40%
Jan
Mines
Goldvue
_.
73c
Canadian Dredge
Food Products
Canadian
Class
26%
26
27
584
24%
Jan
29
Jan
Vtc
13
*
12%
13
905
12
Jan
15
Jan
*
20%
General
Canadian
Industrial
20
20 %
525
—
275
275
10
A__*
19%
17%
19%
3,695
*
Canadian
15
15
15
125
Electric
104 105%
common5
50
Alcohol
com
B
Canadian Locomotive
Canadian
*
Canadian Oils
33%
33'%
35
19%
275
Paper
vtc
l.n
l.io
1.20
7.275
*
Pacific
Ry_„
16%
16%
Jan
Greening
18%
Jan
Gunnar
Canadian
Tire &
Rubber
Canadian
Wirebound
Feb
39%
Feb
Cariboo
•
Gold
Jan
1.35
Hahn
Mines
Brass
13%
Jan
18
21%
Jan
24%
Feb
28
260
26
Jan
29%
Feb
27%
29
27 %
25%
Jan
29%
3.50
3,400
2.80
Feb
4
Feb
Hamilton
1.65
1.78
3,335
1.65 Mar
Feb
Harding
„
...1
Trethewey
Central
Patricia
__
1
Gold
50
■
l
2.48
2.60
12,850
33c
33c
38c
36,200
37c
Central Porcupine Mines
2.55
1
Mines
35c
42c
7,600
Centremaque Gold Mines
Halliwell
Chateau
Gai
% Chemical
Wines.—.
Research
*
10
1
75c
Chesterville Larder Lake Gold Mines..1
Citralam
v—
Mines
-sVJ
Hallnor
2.10
Coastal Oils
Cochenour
_I
10
60c
Gold
Mines
2.48 Mar
3.00
335
44 %c
Jan
Hard
Mar
50c
Jan
Harker
1,020
15
Jan
34
Feb
115
42
Jan
55
Feb
13%
Jan
6 %
220
50c
50c
5.500
15
;;
y
■
Feb
;
5,000
Class
4.10
Feb
6.00
9%
10%
603
9%
Jan
12%
19%
25
18%
Jan
19%
Feb
11%
12
835
11'A
Feb
14%
Jan
75c
Feb
1.23
1,000
30c
Jan
400
2.58
11,425
18y
83%
176
Distillers-
Diversified MiningDome Mines
Dominion
v—.
1.20
176
Jan
1.95
Jan
Mar
22c
Mar
30c
Jan
3,200
43c
Jan
69c
Jan
17,800
24c
48c
54c
105,700
9'Ac
2.50
Feb
3.60
47c
Feb
63c
9c
Jan
Jan
9 %c
3,200
Feb
14%c
Jan
22
23
80
22
Feb
25%
Jan
16%
17%
4,490
15
Jan
19%
Feb
3.05
3.35
4,160
3.05 Mar
4.40
Jan
25c
27c
19,400
25c
35c
Jan
6%c
7%c
37,300
6%c Mar
10c
Jan
57c
62c
19,400
57c
Mar
74c
Jan
51 %C
55c
20,800
44c
Jan
73c
40
41
605
37%
Jan
45%
Feb
18c
22c
25,600
30c
Jan
40
Feb
67c
Feb
86c
Jan
Mar
18c
Mar
105
31
Feb
40
40
15
40
Mar
104
105
44
95
Jan
40
—
48
Feb
Jan
48
Jan
105
Mar
Feb
1.38
20c
Hunts Ltd class A
Feb
70c
Gold. Mines
Hugh Malartic Mines.
Feb
32
Mar
1.67
Class
Huron
Jan
50
50
35
43%
Jan
96c
1 06
Jan
2
18,700
1,100
86c
2
15c
Jan
29%
Jan
31%
14
Jan
16
B
&
Erie
.—1—100
common
—
paid
19
19
1
17
Jan
19%
Feb
27%
28
260
26
Jan
30
Feb
--
28
Imperial Bank
10
Imperial Oil
:
*
Imperial Tobacco of Canada ordinary_5
Feb
Feb
55
1.15
1.65 Jan
3
Feb
Feb
17c
10,000
31
313/,
300
15%
16
81
2.40
2.55
5,900
20%c Jan
1.85
Feb
3.05
16
15%
16
8,235
15%
Feb
17%
Jan
14%
14%
15%
2,050
13%
Jan
16
Jan
58c
6,651
50c
Feb
Indian
15c
31^
Inglis
gc
9c
9c
13,200
6c
Jan
10 %c
Feb
1.65
1.75
27,050
1.55
Jan
1.90
95%
101
230
87c
12,900
51c
52c
1
Lake
13
13
75
1.20
1.25
1,760
38
38
20
6
Internat'l Bronze
1.20
1
Powders
pfd——25
Feb
80c
Jan
9%
Jan
14
Feb
1.20
Jan
30
Jan
30
1.65
38
Jan
Mar
Jan
100
Red
(John)
Inspiration Min & Devel
Feb
1,66
1
International
Metals
class
Feb
32%
Jan
105% 105%
45
102%
Jan
105%
Feb
41
41%
2,730
40%
Jan
47
Jan
31
—*
A
—100
105%
International Nickel Co common.——*
41%
International
Preferred
32%
265
'
;
v
-85#
85c
.
28%
25%
26
15
14
15
15
{5
27
27
91% Feb
77c
^
,
Dominion Foundries & Steel
com—33
>
32%
34/
Jan
94c
Jan
Jan
972
*
28% Mar
32%
Feb
355
24% Jan
13% Jan-
27
Jan
Feb
"
22%
22'/a
22%
10,950
22
27%
Jan
1
1.38
1.32
1.52
27,600
1.32'Mar
1.90
Jan
Mines.
-50c
2.15
1.99
2.15
4,200
1.92
Feb
2.30
Feb
Mines—L
*
1
30c
33c
24,600
30c
Mar
40
31c
35c
6,900
30c
Jan
40c
Feb
6c
7C
7,000
5%c Jan
9c
Jan
49 %c
58c
Jan
65c
Feb
Petroleum
Mining
Jan
15%
'
——«♦
113
International Uranium
^29%
26
Jan
2.75
20%
10
page 1322.
5,400
SOc
2.95
Hudson Bay Mining & Smelting
53c
25
see
22c
2.60
53c
Howey Gold Mines
28%
Bank
For footnotes
Jan
59c
Hosco
Feb
80
8,400
Ltd—^.1.T28%
preferred
2.70
7c
Gas.
Feb
5,550
Dominion Coal preferred
Dominion Fabrics common
2nd
&
Jan
32,916
i6%c
X
Oil
19
64c
*
common-—^——*
1.98 Mar
27c
Yellowknife
91%
156%
41,450
—
Jan
Jan
Feb
Jan
1 75
75c
__
Seagrams
2.85
Jan
oq3a
145
__
20,699
Jan
31c
35c
17
Oil
Homer
Jan
59c
—
•
Home
Jan
2.00
1 50
70c
•
35c
Jan
3ny9
98c
2.22
1.24
Jan
Mar
3.30
16%
142
1.38
,*
17,900
1.98
Mar
20c
22c
23
78
1,640
1,40
■Delnite Mines-^;..^*—ii.—.'
Denison Nickel Mines
l
:
2.40
500
85
173
60c
30,600
26c
9%c
Oil
Scarcee
Dauch
&
Homestead
1.51
37.275
26c
49c
Highwood
Jan
32c
__
1.07
22c
46C
Hollinger Consolidated Gold Mines.
1 00
2.70
l8
96c
96c
24 %c
Jan
32c
2.30
Feb
22c
Cadillac
Hinde
Jan
1.05
2.51
85
Feb
2.68
Mascot
Hedley
5.00 Jan
18%
Jan
32c
2.35
Lake Mines——1
Jan
Jan
Feb
70c
2.52
,
•
Red
Jan
23,286
17,400
•
A
36c
Feb
15%
1
—
B
Dickenson
35c
Feb
180
100
,
Davies Petroleum
Davis Leather class
29c
12,800
70c
—...
Jan
10c
4.70
Jan
Heva
30c
17
—....X
Crow's Nest Pass Coal—
18c
Mar
500
Headway Red Lake Gold-
29c
_
Crowshore Patricia Gold
Cub Aircraft
Mar
6c
22,600
Heath Gold Mines
Mar
4 70
•
Pershing Mines
llc
36,500
Mines—
Jan
24c
4.25
.1
£re?taurJ»«* Mines
Croino*
19% Mar
2.05
Gold
28,200
....
'
Mai-
7c
Hasaga Mines
Jan
28c
Jan
16%
Consolidated Bakeries
*
Consolidated Mining & Smelting
5
Consumers Gas (Toronto)—
—..100
—
19
25c
1.90
1.30
4.40
5
Mining-—
225
23c
2.14
*
Cournor
Feb
19%
97c
1.90
80c
y
17%
14c
Mines.
Jan
81c
Con west Exploration
Cosmos Imperial Mills
14%
Feb
5.25
Mines
1.60 Mar
l
'.
:
16
Gold
Gold
43c
16%
•
Feb
15 V*
755
5%
19
200
Colomac Yellowknife Mines
—
Feb
60c
11%
11%
12,326
85c
Mines—
Feb
7
Feb
325
6c
11c
Cotton
55,773
70c
—
14
Jan
49c
14
10%
1 74
7ic
Coniagas Coal Mines
H
Jan
57% Mar
715
29
5.25
1 35
1
Coniaurum
7%
Jan
43
57 %
52%
51
7c
l 25
Common Ltd
;
Feb
13c
Carpet
Rock
Jan
35c
1
^ Coin Lake
34
15%
Bridge
Jan
30c
.
—•
Co...
Jan
Ltd
24c
30c
Willans
15%
27
Mines—
Mines
1.60
24c
—
Cocksnutt Plow
1,085
-m
•'
■
Feb
29
52
Ltd
i 30
.
*
Malartic Mines
fry-"- •. :•;>
-'
10
1.61
Chromium
20c
preferred—
Gold
Harricana
;
Jan
Feb
2.95
Jan
Hamilton
Castle
.
15c
Feb
705
*
Quartz.
3,500
14
Gypsum Lime & Alabastine.
28%.
"
Boxes
2,650
20c
Wire
Gold
4,552
Jan
18c
19
22
17
Feb
26c
6%
Feb
22%
56%
Jan
50c
Preferred
21%
Jan
Jan
27
Jan
'
22 %
25
115
53%
17c
52
Hal.crow Swayze Mines—
Canadian
Mar
18c
Mar
1.10
Jan
81c
52%
21
33
35c
12 %c Mar
27
preferred
275
Jan
Jan
Jan
15C
common.
Jan
15
Mar
104
Jan
20c
Mar
17%
220
•
—
—
Malartic
103
2.65
Feb
Jan
Feb
18c
Great West Saddlery com—
Class
•
35
'55%
55
55
Common
•
common
A
Rubber
&
Bousquet
Lakes
Great
;
10c
Mining
Preferred
'
!i
22c
Mines
Goodfish
43% Mar
Feb
Jan
2.00
Feb
Jan
Goodyear Tire
Canadian Car & Fdry common
58c
60c
Golden Arrow Mines—
Canadian
1.30
415
115
14
Jan
25
Mar
Island
Mountain
Jacknife
Gold
15 %
Jan
Jack Waite
27
Mar.
JacolaMines
-
——
-
20
811
31% Jan
,,
.
39
-
;
30c
33c
6%C
-1;
"
Jason
Mines
i
-
i
53c
.
..
28,000
40c
Feb
I
.
-
.
.Volume
-
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4471
163
■
:v;
.
.
it; ■ ^
CANADIAN LISTED MARKETS
Week's
WEEK ENDING MABCH $
BANGE FOB
:
Friday
'
Last
Sale Price
STOCKS—
Par
Jellicoe
Mines
'Shares
Low
13c
i
for Week
Range
of Prices
12V2c
Range Since January 1
13c
12c
11,540
of Prices
Low
Low
High
Jan
21c
Photo Engravers
Jan
Sales
for Week
Range
Sale Price
STOCKS—
i
'
•
Last
Week's
Friday
Sales
Shares
Range Since January 1
High
'
High
26%
26%
20
40C
36c
45c
& Electrotypers-
24% Jan
M
1
Gold Mines
Quebec
7c
7c
73Ac
1.41
1.20
2.05
4.15
4.35
14,599
6,058
7.30
6.25
7.70
46,685
6
50c
50c 56 %c
9,250
50C
45c
45c
47c
3,100
6c
564,930
Jan
9c
Jan
Plcadilly
1.01
29.100
1
Consolidated
Joliet
4.20
Pioneer Gold Mines of B C
J
Jan
2.25
Feb
Pickle-Grow
Porcupine
Mines—
Gold
Gold, Mines
1
24c
30c
10,800
24c
Mar
37c
Jan
Canada
•
26
26
15
26
Mar
30
Jan
Porcupine Peninsular
Porcupine Reef Gold Mines
Kerr-Addison Gold Mines
1
16'A
16%
5,526
15
Jan
17%
Feb
Powell
River
Kirkland
Hudson
1
1.70
1.75
700
Jan
2.30
Jan
Powell
Rouyn
Kirkland
Lake
5
2.34
2.20
2.36
36,995
2.90
Feb
Kirkland
Townsite
1
32c
32c 35 %c
27,300
Kayrand
Mining
Kelvinator
Labatt
of
Co
•
i
(John)
Labrador
& Exploration
Mining
Lake
Fortune
Shore
Lake
of
25'A
25%
8.00
7.10
8.30
1.15
1.34
15c
1
Mines, Ltd
22'/*
1,832
31
31
31
11
Jan
Preston
1.10
14,000
23
Jan
,1.46
Jan
Proprietary Mines
21
33,965
12c
22'A
75
1.18
28
Jan
Mar
12c
Feb
Jan
55c
19c
Feb
26%
Feb
30
Jan
31
Jan
East
Mar
La
Luz
common
*
6.50
8.00
Lapaska Mines
tsecord Candy
2,975
6.80
6,35
Jan
8.00
7.80
Jan
8.75
Lexinden
Gold
Loblaw
class
Groceterias
A
Jan
20c
Jan
Quebec
54c
22%
119,400
Jan
70c
Jan
21
22 3A
520
19%
Jan
24
Jan
7%c
Yellowknife
Lynx
Jan
5 V2 c
6c
12.399
5 %c
1.35
1.45
12,250
1.35
27c
25 %C
28c
5,500
20c
Jan
Feb
Jan
Milk
1.21
1.18
1.33
73,600
1.05
Feb
2.90
2.75
3.10
18,225
2.70
Jan
3.45
29%
29%
31%
307
27 %
Jan
29 %
28%
29%
428
26%
Jan
1.50
1.45
1.60
8,150
1.39
Jan
48c
46c
60c
10,200
41c
38c
43c
9,300
40
Riverside
Silk
250
15
55c
17c
17c
17c
500
14
13%
14%
1,385
—
class
51%
52%
200
1.80
1.80
Gold
1 70
1.05
1.13
18
17
18%
45c
Feb
Roxana
r
5.00
Jan
7.50
3.10
3.35
15,000
3.10 Mar
3.75
Feb
4.60
4.35
4.80
22,310
4.35 Mar
5.45
Jan
*
1
Marlon
71c
70c
79c
4.35
3.35
3.25
3.40
19,900
•
4c
4%C
Feb
15
15%
892
11c
11c
13c
1.30
1.10
1.41
McColl Frontenac Oil
Rush
Lake
McDougall
95c
5%c
Jan
17
3,250
10c
Jan
15 %c
28,000
98c
Jan
2.20
Jan
32c
35c
32c
Jan;
40c
Jan
13c 14 %c
7,100
7%cJan
18c
Feb
62c
Feb
76c
34
Jan
McWatters
Gold
Mills
Mercury
Oil
1
9,500
26c
26c
30c
5,000
25c
Feb
51c
63c
68,800
51c
Jan
1.18
80c
Knitting
Feb
Jan
11c
1,000
6%c
5%c
7c
1
35c
35c
38c
19,010
35c
Feb
•
30c
30c
33c
14,210
26 %c
19
19%
1,255
17%
12c
15c
21,500
12c
Mar
10%c 10%c
4,039
9c
Jan
100
1
11%
155
100%
70c
Mar
Feb
37
38c
38c
42c
16%
16%
60
1.10
1.25
Mines
4
—
Moore
Light
Corp
Mosher
Heat
Sheep Creek
Pberritt-Gordon
Sicks'
Feb
14c
Long
,
Dairies
Silverwoods
Jan
Silverwoods
5%c Mar
8,664
8%c
Jan
Class
Jan
36c
Feb
25
440
21% Jan
25%
Feb
68c
47c'Jan
70c
Jan
1.70
1.65
1.86
352,160
3,700
Sewer
Jan
19%
Feb
Siscoe Gold Mines
17c
Jan
Ltd
common
new
preferred
new
National
New
A
13%
155
273
100 100%
69c
11
17,010
138
120
73c
95
69c
15,950
Feb
B
2.28
293,500
44
46
195
37"%
Jan
46
Mar
42
45
465
35%
Jan
45
Feb
•» —
13
13
160
14
Jan
12%
13%
13
Feb
29
108
Feb
•
4
155
29%
Calumet
22%
Jan
26
25
26
1,033
107
108
150
1.10
1.00
1.11
1
80c
68c
29
Mines
—
Jan
77%
35c
37c
16%
5%
31c
85
29%
29%
29%
75
13c
13c
2,000
Jan
45c
Feb
Standard
Feb
18
Jan
Standard
28%
13c
Feb
Mar
Feb
30
16 %c
43c
40
29
Feb
32
100
Paving
2,195
24
Jan
29%
Jan
249
7
245
Mar
2.85
3.25
147,525
43c
44c
1.50
2,800
43c
Jgn
Feb
Steel
5,870
1.24
16,354
12
865
25c
60c
4,720
102% 102%
60
100
Jan
8
1,064
7
Jan
Canada common
21
21
Jan
60c
7%
60c
Jan
95c
Jan
Sturgeon River Gold
Contact
22c
Jan
30c
Jan
Sullivan
Cons
22c
25c
16,800
21c
Jan
29c
Feb
Surf
3.70
Jan
•5.65
Feb
Sylvanite Gold Mines
63
Jan
72%
Jan
Feb
1.05
Jan
Tamblyn
2,900
80c
400
27c
27c
1.500
27c
Mai-
35c
13c
15c
24,500
llc
Jan
15c
Mar
1.51
1.65
40,180
•
Gold
Inca
25 %c
1.03
61,800
29c
25c
12c
12 %c
12c
14c
82.400
1.15
1.10
1.17
10,440
1
Preferred
Okalta
Mines
Gold Mines
Exploration
1.10
Crush
93,700
8
1,450
6%
6%
40
Jan
2.08
Gold
Consol
Inlet
—
Feb
Mar
Feb
2.95
2.85
45c
Feb
7% .Feb
5% Jan
2.85
,
Thurbois Mines
Feb
33c
Jan
22c
1.40
Toronto
Elevators
Feb
64c
8%
Toronto
General
Jan
Toronto
Mortgage
6V4 Mar
3.85
Finance
Mines
Jan
Traders
2,090
55c
Feb
90c
fJan
Transcontinental Resources
7,100
28c
Feb
37c
Jan
Twin City
30c
26c
.
Jan
43c
Feb
Union Gas Co
Jan
Union
14%
14
Lake
54c
53c
60c
1
Jan
17
15
Mining
United Corp
Jan
Mar
' Feb
15,800
35c
Mar
57c
22,150
52c
Feb
71c
1.87
1.70
2.00
33,375
34c
Rights
Pacific
Page
•
Petroleum
Hersey
1
(new)
•
31c
36c
25,900
31c
13c
11c
14c
23,000
7%c
1.27 Jan
2.56
Jan
United
Feb
United
Feb
Mar
36c
Porcupine
Mines
Ltd
95c
95c
1.05
7,500
33
31
33
480
95c
25
Paramaque
Parbec
2.10
2.30
36c
35c
40c
25,424
33c
22c
19c
22c
34,900
19c
1
Gold
2.12
X
Mines
Malartic
•
1
Pandora Cadillac
Malartic
3 85
Jan
18c
Oils
Steel
23%
25
4.90
59c
70c
77c
77c
Mar
Jan
1.65
35
Vermilata
Vlcour
Jan
Feb
25 %c
25c
28c
416,100
19c
Feb
Mar
Jan
—
Mines
Gold
Villbona
Mines
Ltd
1
9c
9c
10c
13,000
1
92c
88c
97c
50,364
6%c Jan
76c
Gold Mines
1
30c
31c
25c
17,800
1.37
—
Gold Mines
.1
1.56
150
1.60
7,800
1.45
31c
footnotes
see
page
1322.
200
1.95 Feb
Waite-Amulet
Walker-Gooderham
29c
Feb
&
Jan
lie
1.05
Jan
Feb
36
Jan
46%
Feb
:45
52
Jan
:53%
Feb
152
V*K 10
120
10
27c
29c
1.35
1.49
16,700
16%
12
Mar
40c
Jan
Westeel
Jan
1.95
Jan
1.30 Jan
15%
10
1,750
33c
13,800
10
26%
40%
47
415
7%
30c
1,230
Jan
30
Feb
1.80
.
Jan "v
20%
Jan
Feb
12
Mar
Jan
Jan
45c
Jan
31%
Feb
10%
,31%
46%
•
Feb
Feb
50
Jan
•
11
11
2.73
2.71
14%
Jan.
9',
9c
Feb
14 %c
8,890
8% Jan
13 V8
Feb
11,630
2.85
14%
6
,2.55. Jan
3.98
Jan
500>,
12
9%c
J
57c
;
14%
88,200
62c
.
25c
38c
25C
25c
120
4.50
4.75
23
*
—1
1.40
110% 120%
23
22%
1.49
1.36
41C
41c
37c
36c
;
45c
42c
.
:
Products
..•;165
(i'-'i. h
27
165
-
67c
Feb
25c
Mar
40c
Jan
Jan
4.25
977
22
:
Feb
5
Feb
129
Jan
23
1.36 Mar
12,401
'
41c
Mar
■.%
„
235
25
60
145
Jan
Jan
Feb
Jan
45c
??;.
Jan
165
1.69
A
Mar
60c
Jan
30
Mar
36c
27
.
Jan
Jan
Feb
109
3,500
31,300.
15c
87c
Mar
981
„
w-
Mar
Jan
35c
4,315
/
9c
57c
;
6,300
> 1,600
3,000
Feb
.16% Feb
13% Jan
2,222
9C 10 %c
57c
36c y
1
4.65
Wfe&'efn Grocers common
Mar
25
30c
10
Feb
Mar
39C
Feb
26c
177
16%
,
155
120
Jan
145
104% Jan.
4,150
25
9%c
Consolidated.
Malartic
Feb
390
-
Wekusko
Jan
2.40
43
9%c
•
Preferred
Feb
52%
6%
46%
at.
For
2.05
.
Jan
99c
20% Feb
22%
Mar
21%
79c
Jan
77c
335
31%
10%
"
Perron
52c
80,800
25
—
Worts com—-•
Mines, Ltd
Feb
Jan
1.94 Feb
25;; Mar
5.35 Feb
Jan
Jan
21,200
Feb
4.10 Feb
J
4.70 Mar
87c
Jan
Jan
120
■
Pen-Ray
21%
Jan
21
2.85 Jan
46c
West
25c
1.40
4,000
1.00
152
,
*
35c
3.25
Jan
Jan
40
*
Oils
20C
Jan
Feb
Mar
52%
*
Oils
45c
2.05
21%
4.45
23
Jan
3.35
16,765
Feb
Feb
40c
Jan
Jan
2.70 Jan
48c
650
4.70
62c
*
Upper Canada Mines Ltd
Jan
2.10 Mar
11,215
1.60
1.50
24
50
25
*
*
B
Wasa Lake Gold Mines
Partanen
Paymaster Cons Mines Ltd
3.60
3,000
4,700
Mar
Vulcan
Pamour
94c
Feb
Feb
85 ;iy
Mar
10c
93c
35c
4.80
*
class A
"A"
United Fuel class
Ventures, Ltd.
Oils
Pacalta
9,500
10,900
*
70
1
1,000
15c
3.15
—
*
30c
60
42c
34c
2.95
:v
Jan
87
Mar
3.00
18%
34c
•
Jan
15
35c
Rapid Transit common
22c
14%
37c
565
93c
1
•
1
22c
15
52 y
Jan
29c
16,420
23
14c
*
25,600
14
Jan
80
13,700
4.00
23
1
15,985
41c
23c
8%
1.29
78% Jan
42
29c 34%c
Jan
24
Jan
Jan
34c
*
*
A
6,300
60c
31c
1
Orlac Red Lake Mines
Osisko
class
3.00
30c
86%
3.85
1
Exploration
Towagmac
57c
4
Gold
Trust
28c
23c
390
1
*
50
100
100
Toburn Gold
Feb
Class
Orenada
Feb
Jan
9%
Jan
2.95
*
60c
*
common
Preferred
Feb
103
48%
Jan
30c
1
Feb
84
82
86%
1.55
(G)
•
1
Omnitrans
Orange
62c
8
1
*
Feb
1.60
6%
110
23
1
•
Oils
O'Leary Malartic Mines
Omega
56c
8
5
-
Gold
O'Brien
62c
•
,
16%
85c
27,800
52
3.95
1
50c
Mines
common
Teck-Hughes Gold Mines
Thompson-Lund Mark Gold Miaes
Jan
14c
1.60
27c
1.18
51
84
Taku River Gold Mines
80c
67%
80c
1.02
86%
"
4
Preferred
North
Mar
Mar
18%
5
1
3,682
65%
•
North Star Oil
Jan
1.48
11
25c
130
.7%
30c
Steeloy Mining Corp
Steep Rock Iron Mines
Stuart Oil .preferred
41,600
80c
7%
52
*
•
25
Brothers
of
Co
24c
26c
Mines
1.50 Feb
Jan
1.00
Feb
20
Jan
1.12
—
Preferred
3.25 Mar
•
Mines
1.12 Jan
toe: Jan
;-y
W
Jan
1.25
1.40 Jan
Mar
249
1
Canada
Mar
18%
21
80c
66 %
Mines
Northland
Jan
6c
110
1.30
8
Tip Top Tailors
Northern
45c
1,500
7%
22c
1,790
1
Norseman
85,052
7C
19%
11
common.
22c
4.25
•
Corp Ltd
87c
19
1.25
102%
Radio
Olson Co
Starratt
Jan
29%
245
2.92
32
28
4.05
1
Mining
Feb
Feb
32
29
4 25
Nor don
Mines
91c
1.10
60c
preferred
16%
7,100
16%
35c
S
Noranda Mines
Normetal
39,450
1.27
22c
Mines
Norbenite Malartic Mines
Norgold
J
Jan
1.14
80c
1
Oil
Jan
/ Jan 3
Feb
t
Nipissing Mines
27%
24
|
11%
*
Standard Chemical common
Sudbury
Nicholson
' Feb
101%
6c
—•
*
Mines
Stadacona
Feb
70
1
Mines
Jan '
10
105
25%
107'A
Sturgeon
Springer
Feb
91c
1,295
1
Nib Yellowknife
13
10
4
Petroleum
End
South
100% Mar
5,685
100
Bidlamaque
3.65 .Jap
1 85
*
new
Malartic
Sladen
Mar
Jan
Jan
Mar
75
•
Trust
Jan
46
13% Mar
25 %
•
Mines
Negus
New
class
2.08
1.65 Mar
2.02
100
1
Simpsons Ltd class A new
12%C Jan
73%
25c
Car
39,300
1
Preferred new
*.^T
Stedman
National
National Steel
1.10 Mar
Jan
23
58c
Jan
50c
24 %
20
Petroleum
.1.63
25
45
Jan
73 %
•
Preferred
National
Feb
16% Mar
Jan
60c
trust
1.75
25'A
1
common
Jan
Mar
15
•
common
76%
•
Lac
Grocers
38c
.
1.18
Preferred
National
Jan
Feb
50c
Jan
1
Gold Mines
Brewery
1.40 Mar
71% Mar
•
& Power
common
6
14c
5.10 Feb /'
10c
•
1
50c
Rights
Montreal
4
Mar
556
30
Sannorm
Feb
10%c
100
59
Mar
Jan
Gold
Porcupine
Jan
556
6,200
12,500
Shawkey
1,025
preferred
44
10
1,150
Shawinigan
New
1,570
6,650
Senator Rouyn, Ltd
Preferred
Moneta
38,700
59
556
34
Feb
10c
Jan
62c
50c
556
5.50
Jan
20
Mar
46c
55%
— —
11c y i3c
Jan
106
46c
46c
58%
5.15
19%
Jan
Jan
31%
35%
Jan
Feb
25
12c
45c
16'A
25
Mar
5.30
Jan
104%
,Jan
21
33%
Feb
80
20
125
1
Jan
325
685
1
preferred
A
River
27%
17%
92,471
25
21
Gold
Sand
24c
105 105%
1.55 Mar
Jan
1.55
21
Jan
14%
13%
Jan
Mar
1,980
100
Jan
64c
10
Scythes Ltd new common
17,130
new
38c
%
25c
Southam Co
Monarch
14%c Feb
Jan
4,060
14c
Jan
Feb
30,600
10%c
Mar
8
34c
•
Feb
38
22c
18c
Mar
1.54
Gas
150
17c
;
1,480
46c
72%
&
38
15c
3,500
Feb
1.40
Corp
Mining
59,500
10
29%
•
Mid-Continental
75c
18c
18 !A
•
67c
18c
30c
71%
*.
>
1.70 Feb
8%
common
87,200
72
Mines
Jan
18c
Corp
46c
1.43
Lake
Red
Feb
Jan
5%
9%
Lawrence
Class
1
1
McLellan
McMarmac
7%
60c
San Antonio Gold Mines Ltd
Jan
4c
Mines
Lake
Jan
•
50
St
Jan
Feb
14
1
Rec}
23%
-•
'
Jan
25
37%
Jan
Voting
McKenzie
Mar
-
1.25
;
6,115
7,800
Ryanor Mining
Jan
3.75
17
17%
17c
Jan
1.00 Jan
Jan
7%
100
29
*
Mclntyre Porcupine Mines
1.85
Jan
73c % Feb
1.03
1
common
27c
•
Segurs
75C
10
Mine
Gold
Preferred
18
100
Preferred
,
24%
29 %
27c
.
73c
<
1.50
21
•
common
Preferred
Feb
7%
1.55
20
Martin-McNeely Mines
Massey-narris
38c
1
Jan
3.25 Mar
19,600
15'A
1
Gold
4c
•
1
Rouyn
70c
16,520
1
Gold
Marcus
.yJan
•
1.40
70c
Co
Oils
Russell Industries
-—
53
Jan
3.25
Gold
Feb
'14% Mar
%
—
Royalite Oil
1
Maralgo
Jan
22 %c
Feb
1.40
11,625
74c
1
Jan
1
& Eastern
17c;
53c
*
Mines
34c
■
Lake
Manitoba
Feb
Jan
Jan'
Feb
i 72c
11% Jan
51
10,700
4,450
7,600
Rouyn Merger Gold Mines
MacLeoa-CocKsnutt Gold Mines
Maple Leaf Milling Co common
17
Jan
Mar
4
A
Feb
3.10 Mar
Fields
3.45
'
1
Mines
65c
8,455
Gold
2.70 Mar
35c
Feb
69,420
Consolidated Gold
22 %
;
1.50
42c
5 30
Malartlc
Jan
Jan
4.65
Magnet
8,700
500
__
Roche Long Lac
Feb
1.70
3.10
Mines
2.85
16
13 %c
Feb
32
4.35
Gold
Jan
3.35
17
55c
Gold
Gold
4.25
Red
122
55C
Regcourt Gold Mines.
Richmac
4.35
Madsen
Jan
17%
Jan
2.40
iy- vV'io
Jan
1
Mines
19%
14
Feb
1
MacDonald
5,950
18
Royal Bank
Macassa
1.65
; Feb
1.20 Mar
45
2.75
15%
•
*
Products
Reeves-Macdonald
Jan
37c
1.46
•
Gold
Jan
Jan
1.55
6c
1.35
1
Mines
Gold
14%
1.06
Queenston Gold Mines
Quemont Mining
Rochette
Lundward
1.75
16
*
1
10
Manitou
15c
41c
1
Goldfields
Jan
1.30 Mar
2.70
1
—•
11,300
•
Class "E"
Louvipourt
Jan
33
2.85
40
16c
•
Lac Gold Mines Ltd
Mines
Mica
56c
1
•
Lingman Lake Gold Mines
»
15c
Reno
Little Long
A 52c
Feb
29»/a Feb.
1
Mines
49c
1
Ltd
1.35'
14
2.63
•
18,
1
Quebec Gold
1
Gold Mines.
9,000
5,900
Jan
75c
.
45c
*
Dome
Jan
7.70 Mat
Feb
1
Mines
Oro
Leitch
1.45
1.20
4.95
Febfs
•
"
Preferred
Quinte
Lebel
1.30
—.
Purity Flour Mills common
Feb
5,715
3^5 8.40
1
1
3
Lapa Cadillac
Laura
6 75
•
Mines
Lamaque Gold Mines
4.05 Feb
590
2.69
1
Prospectors Airways
Purdy
Woods
31
1.30
Feb A
;.V 47c
Jan
21%
30%
1.35
Premier Gold Mining Co
Pressed Metals
7,10 Mar
22,045
*
Mines
Gold
25%
Jan
2.00
32c
27% Feb
;
Jan
■
31
Co_
Gold
Voting trust certificates
Power Corporation
1.70
585
13 %c
1
*
Lake Dufault Mines Ltd
Lake
16V2
35c
Jan
165
Feb
.
THE COMMERCIAL & FINANCIAL CHRONICLE
•1320
LISTED MARKETS
CANADIAN
:
,
Ltd
Westons
Preferred
7
100
.
__——
Wiii^ey-Coghlan Mines
Winnipeg Electric common
Mines
Gold
Combing
99
Feb
16%
17
375
35
84
85
1.825
44
43
44
395
49
49
49%
Smelting.
Co
Crown Cork & Seal
17"fe*ia
99%
16%
Consolidated Mining &
Consumers Glass
J$.
Jan
26c
Feb
24
26
15
5.85
2,545
43c
Class B
Feb
125
31%
Jan
26
Jan
6.55
50c
64c
24c
23'/a c
27c
21,500
15
15
15
32c
24,300
1,105
•
Jan
15
Dominion
Feb
3s% Mar
$1,000
38%
Jan
42
Voting
Exchange-Curb Section
for Week
Shares
Loio
Par
•
National
Andian
Aabestos
Corp
20%
20%
31%
•
_
23
Feb
35
Silk
Bruck
60
Jan
Power
Dominion
&
Canada
Vinegars
Sugar
Marconi
:
Canadian
Western
Lumber.:
Consolidated
class
Press
A
Dalhousie
Oil
•
Dominion
Oilcloth
Dominion
Textiles
•
•
common
100
•
65
(Charles)
Foothills Oil & Gas
Humberstone Shoe
Preferred
Jan
Jan
23%
Jan
22%
25
20%
Jan
24
Feb
Bridge
Howard Smith Paper common-.
25%
25
25% Mar
29
Feb
Hudson Bay Mining
'15%
115
14%
16%
4%
1,770
3.15
2,800
Gypsum, Lime & Alabasttne
•
Hamilton
Jan
Jan
Mar
4
2.95
'*
2.60
200
2.10
Jan
4.00
15%
Feb
18%
*
*
24%
10
21
Jan
25
1,210
40c
Jan
85c
16
55
7
Jan
16
118
5
118
Mar
119
525
45
15%
16 V's
14%
100
Atlantic Sugar A com.
39%
.
Canada
preferred
33
Jan
38
4,351
40%
Jan
47
Feb "
Feb
International Paper
Preferred
46%
43%
47
3,135
43% Mar
53%
Jan
Jan
15
common.
100
15
1.85
4,075
1.60
50
23%
Jan
23%
23%
40
2.15
Feb
31
23% Mar
18%
4%c
3.65
4.00
109
2.60
1,130
109
5
15c 15 %c
30
30
53%
104
14%
12%
Jan
15
25
Jan
29
Jan
27% Jan
31% Jan
157
PftPer Cla8S
Mar
33c
30
Legare
Jan
Mar
—•
Ltd
25
pfd_
•
•
SS^^S^SSiuinB8
? ' ®
Dredging
43
Shares
191
158
109
109
22%
Feb
195
349
130
Jau
195
Mar
10.9
95
106
Jan
109
Mar
56%
56%
45
9%
9%
1,610
101%
280
101
2%
2%
55
1,448
20
.
1,610
192
17
201/2
299
•
.
19
30%
31
320
30%
Jan
33
Feb
Jan
180
Feb
Jan
26
27%
26% 27%
2323% 2430%
4
21
26% Feb
-22
Jan
27
Jan
630
80
y.475
—
255
■«,
a
17%
~pr^ferred~""™^25
Canadian Foreign Investment-^.«.«.».
>
*
RaUwayZ—ZTlZas
1322.
.
64%
64
185
2,455
194
g* g*
..
.
49
S
^
28%
49
17
14
22 %
10
23
140
5
•
Inn
91314.
23%-Jan1
20% Jan
105
19%
2,835
16
33
33
33 %
22%
21%
22%
1,440
306
-
3.016
*
100
—100
7
175
21%
Feb
—
55
60
16%
16%
50
15
102
12%
,
Co
Feb
72
Jan
150
Feb
151
21
Feb
23
Jan
33% Jan
470
30
Jan
70
71
300
70
150
—
*
...
30%
150
2
21
150
21
25
30%
31
30
1,030
13%
13%
14
55%
58
1,695
100
101%
101
101%
135
-*
17%
17
17%
100
•
20%
20
20%
565
20
20
100
.
preferred
..
—
•
.
.y.v
•
.
Transport
Knitting common—
Paper
•
—
17%
Jan
Feb
61
Jan
Jan
102
Feb
13
Feb
13% Mar
55
100%
■
—
Power
-
:
—
-*
common—.———-—*
—
—
—
Saguenay Power preferred
;_100
St Lawrence Corporation commou—•
A preferred —'
—50
-—
St
■
■'
"
w»k
22%
SS
52
Feb
17
59%
18
~
'
.
13
Jan
L_-
Preferred
Feb
18%
Jan
103% Jan
7% Mar
105%
Feb
33%
30'
1,306 '
'
Jan
»
39
Feb
94
Jan
21%
Jan
25
Mar
101
29
Jan
32
Feb
985
37%
Jan
46
Mar
33
90%
25
30
30
46
42
46
i—-.
32
32
100
105
105
5
32
—
:
100
1,417
"6,174
30
15%
»'8tand&rd ChethltaW common^^u..
'Rights
:S% preferred
11%
30
19%
Power——
Canada
■
•
Jan
33
Jan
102
Jan
105
Mar
30
Mar
30
Jan
20
714% Jan
16
31%
19%
500
15
15%
56
50
18%
"
Mar
Feb
':
Jan
50c
11
80c
102
35c
9,637
20
7
Preferred
-
100%
——~
1.75
Mar
Jan
83
common
——
16
11 f Mar
3.895
12
35c
102
82
83
436
79
Jan
86%
86%
87%
115
84
Jan
34%
34%
102
-
86v
Jan
Feb
Mar
Feb
87% Mar
Feb
Tooke Brothers
7o„
7Tuckett Tobacco preferred
United Steel Corp
16% Feb
22
13%
Feb
18% Jan
Viau Biscuit
Mar
39% Feb
Wabasso Cotton
Jan
1.—..
Feb
Preferred
176
77
-—
% 180
11
12
15
ii
common
15
76%
31
30
165
63
77
;
-
2,495
•.'7.7:
1
-
.'7
8V4
15
Jan
Jan
Mar
13%
Feb
Mar
16%
Feb
77
Jan
74% Ja n
150
34% Mar
180
Jan
'
Walker Gooderham & Worts com.
24%
Jan
36% Jan
83
37%
85
23%
.
Steel Co of Canada
47
36% Jan
Feb
.—
30^
9% Mar
*••
4,273
25
:
.
Feb
67% Feb
Jan
21% Jan
31%
5
90%
cl
dv•.
Simpsons Ltd class A-y—
Southern Presto—%
Feb
28%
33
32%
Jan
Jan
Jan
17
75
105% 105%
7%
9%
21
20%
"19%
••wv%v';
-
Sicks' Breweries common—
Simonl" (H.) & Sons common—
♦t-'
Feb
20%
vv.
~9%
com—5—-*
Lawrence Paper preferred—
Shawinigan Water & Power...
Sherwin Williams of-Can common..
■*86utbtehi
Maf
T&
27%
60c
•
-
Mills
Lawrence Flour
'St
*
Feb
' Feo
15% Jan
17% Jan
950
57%
Regent
' lib
lav
18% Jan
Jah
mI*..
Jan
Jan
33%
*
Tor,
14% Mar
47%
41
Feb
Jan
103
34%
32
71
—.—:
Quebec
Jan
»**£
Jan
20% Feb
25C
Feb
56
Feb
16 % Mar
33%
——————
River
Provincial
Mar
24% Feb
19
9^ Mar
■■
Feb
18%.
Jan
50
55
102% 102%
16 %
8%
Mar
7
470
7%
*
i
" 32
»)»•
■
7
Corp of Canada——i—
fuv.
6,957
64%
28%
??2
316'
391,153
18'
,
page
Feb
14% Jan
S
V49%
17
CacradianBInd A1C0h01 COramon—r—19%.
Class B
16
see
Powell
*2V SS
»'
17%
W*
176
176
—
-
3,320
21%. 22%
28c 30c
::
Feb
29
24% Mar
212
Price Bros & Co Ltd common
Power
30% Jan
24
Mar
31% Feb
'g*1^
49
♦
footnotes
4 •
20
32. 33 '
--iJIS
7 22% 22%'
23,17
176
—•
—
—
Preferred
Rolland
22
22%
Canadian Celanesc common
Aircraft
Car
Placer Development
Peb
4,931
-
30%
4
#
common
Tubes.
Penmans Ltd common™—i
Mar
19
•
Canadian Pacific
100
Products
Page-Hersey
22% Jan
200
Feb
ITS?
51%
"
Feb
Jan
51%
For
31
Feb
i7i/2
1?^
51%
cSSSS ^m0tlVe
3%
181%
&
Cottons
35V* Jan
Feb
85
—50
Canadian
Jan
•
tjj'
•
29% Mar
72
Ottawa Electric Rwys——
Ottawa Light, Heat & Power.
101% Mar
12
433
i7i/3
152
Canadian Car & Foundry common
Jan
46% Mar
Jan
Jan
5%
30c
51
Jan
24
56% Mar
30 «• Feb
,
375
3y% 32
Feb
9
Feb
98% Jan
2
Jan
410
common™
Feb
44%.
66
4,430
63%
Preferred
12%
Bronze
44
46%
29%
Ogilvie Flour Mills common
Feb
21
.14%
—.
617
46%
46%
Jan
495
9%
it
24
*46%
28 %
—
1,319
Ottawa
Jan
'461,2
25%
Feb
21
13%
Canadian
Feb
Feb
67
26
21
9%
C8pflIfcn BrewerIes common—
56
24'%
—
Preferred
•
C0mm0n
Jan
65%
Ontario Steel
Canada Northern Power Corp
preierrea
30
"...
:
•
™
100
25
Jan
14%
25%
66%
Mar
.
Jan.
•
31
10
20%
5o
.
c^^rt"ra,me*
Preferred
———
•
25
r
Wire Weaving
105
-■
Feb
Mar
22%
•
*
Niagara
High
106%
oSffifeKdSxzrzrf?it
32%
145
Jan
141
"29
Jan
32%
2,030
Noranda Mines Ltd
Range Since January 1
Low
—
National Steel' Car Corp
Jan
"17%
Feb
48
29
.
29%
_1
100
V-**—--J
—5
Feb
30%, Feb
1
Preferred
!
High
.
——.
20
Jan
15,348
31
common-.—-#
Jan
25
105
>21
Feb
16%
27%
31
31
BlUck 611k Mills—
19%
520
430
4,261
18%
145
105
:
4
Jan
18%
30
17%
24
Jan
—
14%
17 %
30
preferred
Feb
29
18
18%
—
145
103
(
Jan
25
-
....
Feb
26
25
20
120
w
23%
Jan
22
25
145
605
'
Jan
23%
22
25
•
23
__
19%
3
225
100
Cottons
106
D
r»
•
Breweries
22
££?!!!*$
f Power-—*
r2S?
? V
!
ill? ^olumb1^ Pr CorP A~—•
Class B
"
!
—
(Robert)
105
20
30
21
Montreal Lignt'Heat & Power Cons—•
Montreal Tramways
-~W199
for Week
of Prices
197
22
20 %
Mar
23
♦
160
Jan
21
3
Secord
105
**-=£
Mar
Jan
13%
160
160
100
Lang & Sons Ltd John A
*
——109
Ltd—
14%
•
com
———
Laura
Sales
R»ngo-
.
Feb
Jan
26
Preferred
Exchange
Week's
32
Jan
Fundi
Low
-
43%
30%
Ltd
Serv
Feb
30
10
Jan
Feb
25
Public
(John)
Feb
13c
11,100
30
109
Jan
376
Feb
5.00
Feb
55%
30
Feb
7c
,n
27%
•
Jamaica
Labatt
Jan
24
Jan
Corp
133%
Feb
40
89
Lake of the Woods Milling common—•
23% Mar
Feb
1,000
Utilities
Feb
47
122%
2,543
Jan
39
44% Mar
1,210
2,820
-•
common
22%.Mar
34
Jan
1.71
28
.
'
126
123
126
42%
•
—
Feb
Mar
260
42
40
101%
22%
33
40
100
Jan
41
International
9%
17%
38
22%
—50
Jan
106
205
50
__
38% Feb
Jan
Feb
42
25
Preferred
48
...
32 %
105
20
21%
22%
•
pfd
mf,UA,Corp <W2X?on--T—1
4%% convertible
.
21
50
100
------—
—
220
22%
•
common..
Cement
35
105 % 105%
•
/
Anglo Can Tel Co pfd—
Canada
'
—
•
15
■
,
3% Feb
International Power
6%#? pfd—100
Agnew-Surpass Shoe common—.—*
&
15% Feb
International Petroleum Co Ltd
Acme Glove Works Ltd
Mines
17%
Jan
7% Jan
34
35
Jan
13%
225
International Nickel of Canada coin—*
100
preferred
Jan
15%
2,997
Jan
Sale Price
45% Feb
6,928
Feb
Par
112% Jan
Jan
3
41% Mar
STOCKS—
Jan
33
Jan
Feb
37%
15
18
Friday
30%
110
738
Feb
8
•
'National Breweries conimorfl
Bralorne
2,850
95
Last
Corp
33
112
Feb
Montreal Stock
Asbestos
12% Feb
14%
Montreal
of
Jan
16%
£1
—
Molson's
Ltd
111
9%
354
McCoII-Frontenac Oil
Co.
31%
33
1,075
Jan
£..%
„Mar
10%
41%
Mitchell
Aluminum
9%
40%
Massey-Harris
Aluminium
10%
Feb
Canadian
Jan
17%
39%
i
9%
110
Mar
Feb
91%
*
Jan
55
Jan
8% Mar
110
14%
10
3.b5
55
40
1.110
100
l
Feb
Feb
Mar
108
15%
15
15%
100
—100
Jan
106
6
16
5c
Steel
95
8%
110
94
46
Algoma
8%
41%
Preferred
Jan
19%
5%
20
18% Mar
Feb
43
5c
•
20%
111%
Industrial Acceptance Corp com——*
Mar
18%
,7
110%
*
Jan
50c
44%
-
Jan
Feb
Jan
5c
...
Jan
18%
100
Feb"
19%
Acadia and
14%
105%
Imperial Oil Ltd
—•
Imperial Tobacco of Canada common_5
Jan
5,573
*
preferred
'iiisJtamms
Mining
Thayers preferred
2,202
Feb
Jan
" Jan
5
3.80 Feb
Jan
16%
13
—
16% Feb
1,171
55
55
110
20
..8
Grain
Feb
Feb
175
Jan
103
103
—
55
90
International Paper common
Oil Selections
J Feb
35
41%
23%
Jan
13
28%
18%
19%
16
100
165
265
110
18%
110
22
W* 'inesota & Ontario Paper
;|i
110
—
'
31
41 Vt
1.75
95%
Feb
7%
•
Oreille
16%
18%
—
19
*
—_—100
96
•
—
112%
Jan
440
18
93%
•
Hayes Steel
rend
17%
—
*
Donnacona——;
Reliance
—
•
common
90
5
13%
24% Feb
Jan
Feb
109% Jan
323
769
175
13%
50
1927
Inc
common
Feb
42
41%
175
175
23%
2,025
95
Jan
Jan
42
*
92%
Feb
Feb
118
100
Bridge
23%
24%
110:40 110.50
94%
34
6
*
Preferred
Diminion
Feb
30%
56
46c
46c
32%
31
84
15
*
—
Feb
M-r
International Bronze common
UeHavilland Aircraft
23%
16
210
24%
*
_
2,415
16
510
16
16%
•
—-
25
20%
1,114
2.60
5
Copper..
24%
Mar
100
Preferred
Coast
Feb
24%
15% Mar
preferred
Goodyear Tire Pfd
"
consolidated Paper
24
10
91
3.00
3.15
Jan
17% Mar
65
4
_2
16% Feb
21%
110
15
15
13% Mar
150
300
6%
1
•
3,830
1,035
25%
"
Canadian
Jan
175
14
23
16
Canada
of
Co
633
183%
13%
22%
11
Preferred
Canada
182
37% Feb
.183 % Mar
15%
22 >/4
5
Bulolo Gold
Jan
10
21
•
Mills
31%
16
6
100
75
17%
58
6%
common
Preferred
Jan
33
1
*
*
90%
66
1
Co
Brown
11%
new
Canad Corp
Preferred
Gurd
British Columbia Pulp ti Paper com—•
Jan
Jan
Mar
57
85
10%
•
General Steel Wares common
Jan
30%
230
32
5%
High
20% Mar
75
58
57
Atlas Steels
Low
20%
176
•
Players
Gafcineau
Range Since January 1
High
Jan
10%
—
Corporation
& Heating Products
Foundation
Range
15%
10%
13%
.——
Enamel
Sales
Week's
13% Jan
24
*
-—100
Famous
of Prices
932
——100
Electrolux
Canadian Fonda
Last
1.116
14%
13%
trust
Preferred
Friday
45% Jau
42%
23
Preferred
Dryden Paper
Sale Price
Feb
Jan
13%
183%
Ltd
Dominion Tar & Chemical common—•
•
STOCKS—
40
Mar
114
33
common-
Dominion Textile common
Toronto Slock
Feb
Feb
16.'
Jan
41%
Foundries & Steel
preferred—
Dominion Glass common
38%
13%
92
31%
Jan
380
655
10%
Coal
Dairies
Dominion Stores
6%_
29%
16
Jan
19
Bonds—
Ocm
535
31%
14%
Dominion Steel & Coal class B—
:
Jan
41%
Dominion
Feb
39c
Jan
Jan
43
50
Jan
41%
Feb
67c
23 %c Mar
Feb
78
102
94
102
Dominion
50c
31%
15%
-
Distillers Seagrams common
Dominion Bridge —
Mar
Jau
16%
Feb
Jan
5.05
Low
High
4
rm
30c
13%
117
26
1
•
York Knitting common
103%
Jan
Feb
Shares
Cockshutt Plow
Feb
94'%
10
125
5.65
5
•
Ymir Yankee Girl
20c
17,700
38C
36c
Sates.for Week
of Prices
Low
High
30
Jan
Davis Leather Co Ltd class A—
preferred
—
104%
90
24c
125
Mines—.
Yellorex
14%
93%
—
27%
5
13%
1
Wright Hargreavea Mines
low
745
26,700
3.191
21c
14
-•
100
Alexander
Wood
Wool
—A
——
Preferred
Vlnora
—
22c
•
Week's
Range
,
Sale Price
STOCKS—
Range Since January I
High
28 %
29%
108% 108 '/a
29 %
—*
common
XT ,u..'
;
Last
Shares
Low
Par
.
WEEK. ENDING MARCH *
for Week
of Prices
Sale Price
'
STOCKS—
FOR
Friday
Range
"Last
7
RANGE
Sales
Week's
Friday
.
11, 1945
—;
120
109% 120
23
23
635*
-•
65
'•"■.
.
109
22%
Feb
Jan
127% Jan
23
Feb
-Volume 163: 'Number <471
THE COMMERCIAL & FINANCIAL CHRONICLE
CANADIAN
LISTED
RANGE FOR WEEK ENDING
Friday^,-"Week'*
Mast
.
Sale Price
:
Sales
^^.,4
,'^.Raiife 1, for Wedk •'":l
of Prices
MARKETS
MARCH S
Shares
Y
.
'Friday
; 1Week's
Last
■
Range Since January X
,
A
STOCKS**
,
,1
Sales
'
for Week
Range
Sale Price
Prices
Shares
Range Since January 1
'
Low
High
Low
Par
High
Low
High
Low
;/
;V
'
Weston
(Geo)
30
common———
Preferred
30
108%
30
i,
;;r
- •
27
Jan
75
108%
108
:
10
105
Feb
r''V
.\'-y
-
-
,
1
V"1
•
Feb
30
108% Mar
1
'
*;
McColl-FrontenaaMil
Melchers
pfd—100
6%
Ltd
Distilleries
Preferred
10S
•
'
9%
common
L:
10 '»r;
106 106 %
■
17
16%
19l/s
18'A
r..
'
Wilsils
Ltd
25
—
Winnipeg Electric common
Pnferrf*} ..j-.r. .■ ■...;n ^
•
25Mi
>.:,14y4'-M;14 / AJ4%
;
98%
98%' 99
24
2Q0
.
1,221
.
*
,
>
235-
Jan
25% Feb
13%> Feb
95
Jan
Minnesota & Ontario Paper Co—-—.5
'
1191
"
17
447
Vj f-.
9»/a
8,
645
104%
High
Jan
106%
Jan
HVa
15%
Feb
18
Jan
18
Feb
23 Vb
Feb
i*
8
Jan
Jan
.V:';-17%:: Jan
•
100
Feb
19 V»
3,585
Montreal Refrig & Storage 2d pfd—20
Moore Corporation Ltd
*
Mount Royal Hotel Co Ltd———*
Nuclear Enterprises
-
Zellers Ltd
common—-
5 ft
preferred
6ft
,
preferred
——
".i'-'A'*''.::1
''-^v':
Power
Corp of Can. 6% 1st pfd
Purity Flour Mills Co Ltd
Banks
Canadienne
Commerce
Quebec Pulp & Paper 7%
Reliance Grain Co Ltd
AAA:.-':';
.
100
10
red pfd—100
*
common
.Th
•
Sangamo Co, Ltd—
—•
Barma Rrldge COj X»td-i—.—•:
Southern Canada Power 6ft pfd
100
,
Montreal
Nova
Scotia
Royal
-
Ltd.———1-
Southmount Invest/ Co.
Standard Clay ■'
BONDS—
Stoweli Screw
Co
Ltd
class
A
Montreal Power notes.
Thrift
'Stores
1.
Ltd—
•
.United Corporations■ class A-//,.—/./*
United Distillers of Canada Ltd-:
*
Windsor
Ltd
*
Woods Manufacturing Co———
•
Hotel
Mining Stocks
Alger Gold Mines Ltd
Arno
Canadian Fonda
Friday
Week's
Last
Range
of Prices
Shares
Par
-
Low
High
•
7%
7%
734
4,465
7
Jan
9
Jan
100
98%
96%
99%
1,320
93
Jan
100 y*
Jan
Bathurst Power & Paper class B
*
5%
5%
6
350
7
*
43 %
43%
43%
25
43% Mar
43 y» Mar
14
33%
14
140
15%
Feb
18%
18%
18%
250
13% Mar
18% Feb
19
Feb
15%
15%
15%
55
10
Jan
15% Mar
14
14%
27
13
Jan
14%
Gold
Abitibl Power & Paper common
6ft cumulative preferred
I
.1
Ltd—...—
Brewers
com
Henderson
.*
Distillers
&
of
Van
Columbia
Eritish
Columbia
Packers
P &
—_•
Ltd
Ltd
P
5
Ltd
British American Oil Co Ltd—
British
*
com
Company common—
&
64
Red
5y* Feb
Lake
Gold
.1
!
Bonville Gold Mines Ltd
Mines
Gold
2)c
4
18c'
Gold Mines Ltd.
.1
.1
Centremaque Gold Mines—.
Century Mining Corp Ltd—
.1
Cartier-Malartic
Cournor
Mining
^
,
10%c
55C
—
21c
13'Ac
10%c
.
27
672
East
Malartic
Mines
805
East
Sullivan
Mines
64
64
5
170
25
1
6%
6
6%
90%
91%
25%
25
25%
1,495
111
110
111
90
11
11
11
20
16
16
50
22
22
22%
575
26%
26*%
50
Ltd
11c
Sugar
Canada North P Corp Ltd 7% pfd—100
Canada Starch Co Ltd common
100
40o
40C
420
.5
59c
58c
64c
.
—
Mines
Falconbridge Nickel Mines Ltd.
29%
Feb
12
Mar
Fontana Mines
(1945) Ltd
Formaque Gold Mines Ltd—.
Found Lake Gold——
-
Canada
Vinegars
—100
Canadian Car & Fdry class A
Canadian Dredge & Dock Co Ltd
20
•
Canadian
General Investments Ltd
•
Canadian
Industries Ltd
•
7ft
class
B
preferred
100
Canadian
7ft
Ltd
180
8
62
200
6%
' 100
12%
12%
4 Va
4
4%
•
2%
2%
2%
14%
14
14%
1,642
•
common
15
16
200
118
70
' 3.20
3.05
3.20
7,425
60
59
60
20.
1
14
13%
14%
150
16%
16%
85
50c
55c
•
com
55c
100
Sec
15
—
Heva Cadillac Gold Mines Ltd
Collieries
Consolidated Paper Corp Ltd
Cub Aircraft Corp Ltd
•
•
—
16%
60c
5
5
5%
725
85c
—2.50
—
Ltd
Hollinger Consolidated Gold
;—
Indian Lake Mines Ltd
J-M
Consolidated Gold Mines Ltd-.
Lake Mines
Jack
Waite
—r
^
«
Joliet-Quebec Mines Ltd
Kerr
Addison
85c
18%
109
16%
16%
9,491
2
2
Explor Co Ltd.
Lamaque Gold Mines Ltd
Lingside Gold Mines
Lingman Lake Gold Mines Ltd—
Goldfields
—
9
18
Gold Mines Ltd
Labrador Mining &
Louvicourt
60c
5
A
class
...
Gunnar
2,100
116
25
Alcohols Ltd common—*
Preferred
1,175
•
Preferred
Consolidated Div
Mines
25
1,887
116
;_2
Westinghouse Co Ltd
Cassidy's Limited
Catelli Food Products 5ft pfd
Adv
Mines—
Boldora Mines Ltd.
Jack
com
Canadian Western Lumber Co
Commercial
180
62
100
General
180
—
568
6%
.1
Canadian
Neon
220
212
*
preferred
Claude
17%
205
—
100
:
Vickers
16%
212
•
Pow & Pap Inv Ltd
preferred
Goldbeam
Goldvue
•
Canadian Light & Power Co
Canadian Marconi Company
5%
Lake
Hillcrest
Canada Ingersol Rand Co.
Canadian Int'l Inv Trust Ltd
Canadian
God's
250
Macdonald
Ltd
Mines
Negus Mines
;
New Louvre
—
Normetal Mining Corp Ltd.
Norseman Mines
O'Brien Gold Mines Ltd
Dominion
Engineering Works Ltd
Malting Co Ltd
Dominion
Cadallic Gold Mines Ltd.
Pandora
Dom Oilcloth & Linoleum Co. Ltd—.
Fato Cons
Dominion
Pioneer
Square
Corp
Pitt
Gold
37c39%c
Ltd
6.40
6.50
C
6.40
6.40
25c
Gold Dredging
Mines of B
30c
30c
30c
Gold
Mines
Dominion Woollens
Donnacona
Paper Co Ltd
Eastern Steel Products Ltd
Fairchild
Fleet
new
com.
Red Crest Gold Mines Ltd
Aircraft Ltd
Aircraft
Roohette
Ltd
Foreign Power Sec 6%
Fraser Companies
red pfd
Shawkey
*
Bheep Creek Gold Mines
100
(1945)
Sherritt-Gordon
Mines
Mines
Paper common
*
VTC,—
/
Hydro-Electric Securities Corp
Mines
Gold
Sladen-Malartic
Btadacona
Ltd
Mines
Ltd-
Mines 1944 Ltd
—
Standard Gold Mines
Inter-City
Baking Co Ltd
International Paints
(Can)
:
Ltd
*
—
Siscoe
Lakes
Common
Gold Mines
•
.Ford Motor Co of Canada class A
Great
Yellowknife
Quebec
100
Ltd A
*
...
Sullivan Cons Mines Ltd—
Surf Inlet Cons Gold
Investment Foundation 0%
Journal
Lake
conv pfd_50
Publishing Co. of Ottawa Ltd.*
St
Villbona Gold Mines
Paper & Power
Lambert (Alfred) Inc
Lowney Co Ltd——
•
1
•
Oil Stocks
Dalhousie Oil Co Ltd
East
MacLaren Power & Paper
Co
Maple Leaf Milling Co Ltd common
Maritime
Tel
&
Tel Ltd
common
Massey-Harrls Co Ltd 5% pfd
For
footnotes
see
page
—
Wiltsey-Coghlan Mines Ltd
John
Oil
Co
Ltd
10%cl0%c
•
•
10
200
1322.
Crest
Home Oil
Co
Ltd
Homestead Oil <fe Gas Ltd
Royalite Oil Co Ltd
10c
405,142
45c
Eldona Gold Mines Ltd
111?/* Mar
21c
13c
4,600
50c 60%C
36c
3.20
3.30
7c
7%C
21
20%
.
,
4,500
22,500
14,298
87c
Feb
49c
Feb
Feb
74c
•
39 %Q Feb/
21,100
.
Mines-/—
Gold
25c
5,000
637
•
Gold
Elderidge
2,786
91%
Elder
28,000
1,000v
Feb
51
Jan
Jan
1.25 Jan
Jan
,ll%c Jan
33c
23c.
18c
52c
Jan
Mar
62c
600.
44c
.1
1—
—
.
Mar.
7c
3,000
30c
,44c
40c
65c
17,500
72c
1.35
250
—
.1
Ltd
42c
1.35
.
1,000
12,100
51,000.
700.
66c
:
.1
*.
Beaucourt Gold Mines
39c
39c
40c
8%c
Duquesne Mines Co Ltd
26
49%
100
—
Dominion
Beatrice
Bouscadillac
170
100
Preferred
Canada
26%
50
Preferred
Brown
High
Central Cadillac Gold Mines Ltd.
Belgium Glove & Hosiery
5% preferred
Brandram
1.0X0
65c
I- A
—
Mines
Jan
Beatty Bros Ltd class A
Aumague
7%c
65c
1
Aubelle Mines Limited
Range Since January 1
40c.
w
.
7%c
-
Quebec Mines Ltd
Athona Mines (1937) Ltd
Sales
for Week
Sale Price
STOCKS—
I',-
.—___
•
Mines Ltd
Astoria
Mar
1.50
34c
y / 57c
Feb
Feb
Feb
Feb
30c
Jan
Mar
18c
Mar
Jan
13c
Jan
33c
,
Mar
36c
35c
Mar.
Jan
43c
Feb
58C
Mar
72c
Feb
60%cMar
49c
Jan
Monday, March 11, 1946
THE COMMERCIAL & FINANCIAL CHRONICLE
1322
OVER-THE-COUNTER MARKETS
Quotations for Friday, March K
/'
For
Specialists
.T'<«
Quotations
Real Estate Bonds
Shaskan
..
OVER-THE-COUNTER SECURITIES
-IE
t.
?
Co.
&
:
■.
.
Members New York Stock Exchange
Mefnbers New York Curb Exchange
Trading Markets
Firm
on
in
40 Exchange Place, New York 5, N.
ISSUES
ACTIVE
250
Tel:
Y.
Bell Teletype NY 1-953
Dlgby 4-4950
120 Broadway. New York
Wabd
&
Co.
Members New York Security Dealers Association
1926
Established
2-8700
Tele. NY 1-1287 & 1-1288
REctor
Phone:
Direct Wires to
CHICAGO
—
Reorganization Rails
PHILADELPHIA
(When,
Bid
Bonds—
Chic Indianapolis &
1st 4s
Investing Companies
'
Mutual Funds—
American Business Shares
Foreign Investlng-100
Assoc'ted Standard Oil shares—
1
Axe-Houghton Fund Inc
•••■.•
,v.:
••
12.75
8%
20.14
Series S-l
Series S-2
Series S-3
30.99
8
5
1
107.18
24.58
42.85
22.43
111.65
26.43
46.32
24.58
1
4.20
4.90
•
35.08
37.73
America
Broad Street Invest Co Inc
Fund Ltd
Bullock
Century Shares Trust
Chemical Fund
13.92
15.06
2,920
3,020
1
Christiana Securities com
100
f
.Preferred
——100
Loomis Sayles Mutual Fund—•
Loomis Sayles Second Fund—10
Commonwealth Invest
Dividend Shares
„
.
•" "v
—1
Fund—
V*'
sr.
10
•
28.01
30.16
8
Fundamental Investors Inc
2
Fundamental Trust shares A—2
2.44
8.19
33.49
6.50
2.68
9.11
36.70
7.44
•
47.21
—
1
6.29
Financial
First
Mutual Trust Fund
General
Capital Corp
General Investors Trust
—
^Agricultural shares
Automobile shares
■,
—
11.15
Building shares
—
—
7.16
12.86
—
8.32
7.57
6.41
9.60
8.17
10.67
6.17
9.81
10.84
7.08
8.98
6.91
5.46
6.37
6.07
8.28
7.46
17.09
17.99
15.86
14.44
8.75
16.60
18.29
11.45
12.58
10.30
—
11.32
14.94
M
Electrical equipment
—
stock
Insurance
9.84
9.62
10.51
% Industrial Machinery shares—
9.28
10.72
11.25
11.74
14.30
15.70
15.99
11.24
12.35
17.56
13.25
oils
Mining shares
steel
13.10
8.73
10.45
Railroad equipment
10.65
11.92
11.49
9.06
12.00
9.69
—
10.27
7.94
-
Railroad
-
10.93
—
Price Shares
Low
9.34
—
9.96
12.47
Petroleum
6.85 '
7.53
Putnam
W
shares
6.33
3.90
4.30
Republic Invest Fund
Equipment shares
6.02
6.62
Scudder. Stevens & Clark
6.66
7.33
6.06 *
6.67
Selected Amer Shares
5.10
5.62
Sovereign Investors
7.00
7.70
Standard
Railroad Bond
RR
f| Railroad stock shares
*
Steel shares——
:
fs Tobacco Bhares
Utility shares
&
Trading
18
Fund—
(Geo)
1
1
18.52
4.77
5.23
—•
112.02
114.28
2%
14.46
15.76
1
Fund, Inc
7.63
8.35
-
•
a,
'
,jl
Foundation Fund Inc
lOo
Utilities
Common
'
State Street Investment Corp—
91c
1.01
10c
—•—
1.93
30.44
32.73
Union
18.75
:
20.54
Union Common Stock Fund B—
Trusteed Industry Shares
Bank Group
;i:
shares—..
98c
Insurance Group shares—
,
,
-
I
1.08
1.19
1.32
16.86
of
America—10
33.40
36.30
-1
16.61
10
15%
17%
89
92 %
Insur Cor of North America—10
108%
111%
20
39 V2
Jersey Insurance of N Y
10
Automobile
American
Casualty
American Equitable
23%
35
Maryland
12
13%'
Massacnusetts Bonding.
1
12 %
98%
23%
25%
Merchant Fire Assur
8
32%
13%
Merch & Mfrs Fire N Y
4
29.01
30.38
B-2-,
B-3
28.52
31.23
20.56
22.56
i
12%
y4
Re-Insurance
—10
34%
36%.
Reserve
10
21%
23%
National
Surety-
—25
73
76
National Fire.
45%
48%
National Liberty
Amer
10
Automobile
21
Boston
May 1, 1956-1946—
1950-1948
1, 1955-1953
l%s Jan. 1,
101.10
105%
103
101%
;•
1953-1951
100.12
101.6
-
2
32%
New Brunswick—
10
30%
32%
New Hampshire Fire
10
51%
54
0
14%
16%
2.50
26%
28
10111
April 15,
Amsterdam
23%
25%
North
21%
23 %.
20.41
Northern
City of New York
Connecticut General Life-
10
73%
76%
s
58 V*
River
IMar 15.
1946—
tDec
1946—
15.
1
.
tSept. 15, 1947_
tSept. 15, 1947_
tSept. 15. 2948-
%
1V2%
tMar 15 1947
1V*%
100
100.1
100.17
100.18
10
•
Employees Group
Employers Reinsurance
10
12.50
37%
Pacific
43%
Pacific Indemnity
Phoenix
68
72
Federal
10
58
20
171
Fire
Fire Assn of Phila
—10
Fireman's Fd of San Fran-—10
64
Reinsurance Corp
67
101
~1V*%
100.20
-1%*
101.20
,
15%
41
43%
0
16%
17%
5
24%
26%
St Paul Fire & Marine
37%
40 y2
21%
Security New Haven
57
59%
Springfield Fire & Marine
11%
Travelers
32%
26%
Standard Accident
42
Newark...-
Gibraltar Fire St Marine—
10
0
0
Globe & Republic
15
& Rutgers Fire com
—15
2nd preferred
Globe
0
Great American
Hanover
10%
39
10
32 %
30%
—10
126%
—10
25
100
U S Fidelity & Guaranty
U S Fire
Co—2
U S Guarantee
101%
34%
—10
—
Fire
12%
10
36%
97%
4
10
2.50
Westchester Fire
131
8%
30%
24%
Seaboard Surety
19%.
of
Fire
7
—2
10
.
General Reinsurance Corp. —10
7.65
78
.
55
81
58
37%
131
39%
135 %
37%
620
40%
635
50%
52%
59%
82%
88
91
39%
42
'
Security Issues
Bid
Ask
Pub
Bonds—
8.65
109
106
111%'
112%
3.26
Cent
1975
,1975
105
(Indiana)
Serv
22y4
Arkansas
Vt
Lt
Conn
RR
Pow
Pub
&
&
3y8S—1974
Lt
Serv
2%s
K—1980
ser
Page 1304
106%
111%
1953
Pwr 3s
109%
1974
Texas
108%
108%
Western
103
105
105%
108
Kans Okla & Gulf Ry
Montana
3%s_1980
1975
1975
Power
2"%s
102 y2
1975
106
106 y2
Light 2%s_1975
&
105
105%
27/aS
1986
108
108%
TeL 3s
1975
104
Preferred
105 %
106%
:
1975
3s
1974
110%
110%
3y8s
1975
106%
107%
Eleo
Stocks—
&
Lt
\%
Par
100
105
100
100
100
Sioux City G &
Union
Oil
(Cal)
4'/2%
E 3.90%
$3.75
*
108%
109%
111%
112%
105 y2
Monongahela Power 4.40%
Potomac Edison $3.60
Ruppert (Jacob)
109
Narragansett
Portland Gen Elec
b0.90
Lt
Central Pow
108 V*
Mountain States Power 3s
Ask
104%
104
1965
&
Pacific
109%
106 y2
104
Service 2%s
Power
Union
Ask
108%
106
102 V*
Gas & El 2%s—1975
27/8s
1986
Texas Elec
112%
1975
Pacific
Southern
101 y2
2s
Sioux City
3V8S—1975
(Okla) 2%s
.Public Serv
105%
3.10
106%
108%
106%
10714
109%
107%
108
0.80%
■
102.6
133
134
Rates quoted
Bid
1946
are
March
Bid
.0446
t7/8s May 1,
101.1
t7/as June 1. 1946
100.21
t.09%
101.21
t7/sS
.0686
April 4.
Bid
Ask
1946
1946
9, 1946
16, 1946
April 25,
b0.375 0.28%
b0.375 0.33%'
b0.375 0.33%
b0.375 0.33%
b0.375 0.34%
b0.375 0.34%
14, 1946
March 21,
March 28,
Ask
.0359
Bills
for discount at purchase
Treasury bills-
Dollar Price 100 Plus
1,
99
137/8
—10
(Texas)
(Paul) Fire
Revere
1974
of Indebtedness—
April
64%
95
10
(NY)
Republic
112%
108%
California Water 3%s
1961
Maturity—
t%B
107
61%
176
Birmingham Electric 3s
S Conversion 3s——1947
Certificates
95%
10
—8
Co
Providence-Washington
61
Fidelity & Deposit of Md_.
103%
10
Preferred Accident
.
92%
28
35%
41%
Recent
100.15
100.14
-\V2%
Ask
9
8
60%
Continental Casualty
Crum & Forster Inc
Qnoiations For Ur S. Treasury Holes
Bid
8
—
22.26
Flgures after decimal point represent Qne or more 32ds of a point
'Int. Rate
—
Northeastern
United States Treasury
Maturity— i
Casualty
New York Fire-
»
3.76
1946
Panama Canal 3s
New
10.58
Banks—
Other Issues
•u
34%
7%
11.75
Bid
0.50%
100.10
1%S Oct 1,
2 ViS Feb,
>
28.44
Obligations Of Gbvernmonlal Agencies
38
208
76%
0
Monongahela Power 3s
;
'
7%
6%
198
85%
Minnesota Pow &• Lt 3y8S—1975
7
30'A
71
2
20
6»/8
28%
68
6%
10
Laclede Gas Lt 3%s
Federal Home Loan
-10
74
Camden Fire
Houston Lt & Pow 27/sS
Federal Land Bank Bonds—^
(Detroit)—10
Casualty
82%
..._10
—
2.77
Ask
8
7
5%
—
20
Bankers & Shippers—
1
FOR NEW YORK CITY BANKS & TRUST COS.—See
34%
-2%
Baltimore American—
•
Series 1956
U S El Lt & Pwr Shares A
103
23.97
10.19
shares—
'
Monarch Fire
National Union Fire
I
Trust
Series 1955
18%
17ya
22%
American
Erie
Bid
Casualty—
American Fidelity & Casualty.B
American of Newark
~a%:
Bid
2.50
D
42
25%
32 y2
B
Alliance
American
4
5
American
Diversified Trustee Shares-
North
B-l—
Fire
1.17
26.02
1
Independence Trust Shares
Keystone OustcMan Funds—
>sil Series
,%• Series
Homestead
25.80
9.67
Union Preferred Stock Fund
Wellington Fund
16.99
,'•(/"
>,
57
Unit Type Trusts—
Investors Fund O
Series
55
...20
_
_
18.48
v
Investment Co
1.05
25.02
A
0
Ltd—
Stock and Bond Group shares-
series
B
Series
25o
21.93
Fund
Bond
Series
■
Securities
Institutional
,fVAviation Group shares———
10
-
Agricultural
Hartford
1.88
—8
Incorporated Investors
61.50
58.50
32%
Hartford Steamboiler Inspect-10
Home
B
Glens Falls Fire
'
Income
Life
Franklin
17.22
49
30%
57%
Aetna
Aetna
Firemen's
6.96
$ Petroleum shares
46
96
55%
13.70
17.84
Bid
Fas
Ask
92
_
♦iK
16.25
11.35
Investing
I? Merchandise shares
Bid
10
10
Aetna Casual & Surety
16.41
12.47
Merchandising
Metals
61V*
Insurance Companies
Far
.
12.06
Machinery
10.20
Institutional bond shares——
75-year 4%s
9.62
10.68,..
Diversified Speculative
7.01
8.95
Food shares-
26'/8
59%
American
1
'
Fully Administered shares—
General bond shares
71
24%
17.18
4.93
5.46
Chemical
14.12
Electrical Equipment
-
^Diversified Investment Fund—
7.87
shares
series
Equipment
Business
8.80
Chemical
;
1
Aviation
Bank stock
Building supply
11.70
10.65
10.15
—
69
St Louis & San Francisco com—
American
10.16
8.01
——
1
shares
Aviation
12.14
13.12
New York Stocks Inc—
Agriculture
Automobile
6.61
9.25
—
Income
34
102%
86V*
50-year 4s
16.76
Stock series
'
;
15.62
New England Fund—>
-'
;
Group Securities—
100%
84%
78
37%
com
Francisco—
San
18.17
Selected series
Speculative series
Industrial Fund, Inc.
Fidelity Fund Inc
16.62
Low priced bond series
Low priced stock common
Preferred stock scries
|
102
Grande
Rio
10.45
28.89
18.15
27.02
16.97
1
Fund
Balanced
100
&
32.30
15.98
series
Industrial stock
Eaton & Howard—
mi Stock
9.51
30.04
series
Income
1993
47%
76
56.10
1
National Investors Corp
National Security Series-
,
83
45 y2
123.90
121.42
54.98
1
Balanced shares
Bond
81
Denver
Preferred
Louis &
1st
7.94
—.106
Mass Investors 2d Fund
Mutual Invest Fund Inc
' Nation-WIde Securities—
24.18
1.91
22.36
1.74
1
25c
Delaware Fund
7.12
6.55
I
—
98%
100
preferred
Preferred
4j/2s
1st 3-4s income
8t
8.83
Manhattan Bond Fund Inc—
Mass Investors Trust
153
146
96 %
Grande-
Rio
Income
19.71
16.81
15.29
7.95
Common
Inv Fund Ltd
Canadian
Denver &
34.04
4%s
•
Common
1061'2
2018
Income
104%
—
Chicago Rock Island & Pacific—
5%
1994
-
Conv
24.06
32.63
FUDQ«.»-.—i ,&<S
KHlCft67DOCK6r
of
Tr
Fund Inc
Boston
86
—
Series 8-4-——
41.95
102
84
2019
ist 4s
12.58
11.44
21.94
29.66
•;.
Inv
Bond
Scries B-4
Series K-I
Series K-2
39.01
Houghton Fund B
••
11.14
7.28
5.50
11.75
7%
18.73
IV*
1
Affiliated Fund Inc
American
100
Chicago Rock Island & Pacific¬
—
10.16
6.65
5.02
1
Aeronautical Securities
Axe
(Cont.)
Keystone Custodian Funds
1983
12003
Ask
Bid
Stocks
Louisville—
2nd 4%S
Bid
Far
Ask
Bid
Par
and If Issued)
as
Ask
1946
1946
1946_
May
May
May
2,
May 23, 1946
—
b0.375
b0.375
b0.375
b0.375
b0.375
b0.375
b0.375
Ask
0.34%
0.35%
0.35%
0.35%
0.35%
0.35%
0.35%
.0805
t7/as
t7/as
t7/aS
t7/aS
t%s
t7/aS
tV&s
1946
.0525
—
July 1, 1946
Aug 1, 1946—
Sept. 1, 1946
Oct. 1, 1946
NOV. 1, 1946——.—
Dec. 1, 1946—
Jan. 1, 1947—
Feb. 1, 1947———.
March 1, 1947
—
—
.0610
.0547
.0615
.0582
.0675
.0635
.0748
.0667
.0795
.0754
.0898
1946
1946
May 31, 1946
June
6,
1946
.0729
.0637
April 11,
April 18,
.0680
.0753
.0724
.0842
f
a
to
b Yield price,
d Deferred delivery,
e Ex-interest, f Flat price,
Exchange,
r Canadian market,
sCash sale—not included in range for year,
(Un) Unlisted issue,
jc Ex-dividend,
y Ex-rights.
Odd lot sales,
Stock
dividend.
k Removed
t Ex-stock
'
.0933
*No par value,
tin default.
.0918
?Formerly
Chicago
the
tThese bonds«are subject, to all Federal taxes.
Flexible
Shaft Corp*
-
-
THE,-COMMERCIAL & FINANCIAL CHRONICLE
Number 4471
Volume 163
:
»*.
\r:y
..\i
•;
v
.
'
••
•
'
•
.*&
?•,i*V
.Preliminary figures compiled by
>cities of the country, indicate
•V'-'.-\v%':'V&v;'>&v ■ *A'
,„
stands
Pennsylvania—Altoona.__L
for the week follows:
:
;;•■■■:
.
''
923,458
608,901
.
+
1944
$
■
+ 51.7
680,083
1,152,387
—40.9
744,631
1,051,808
—29.2
2,669,438
2,223,894
3,575,631
4,245,734
v
"
y?
Lancaster-
obtain weekly clearings
-
,
M
—^
Chester
.
638,230
1,056,743
584,693
+20.0
2,013,376
1,780,911
698,000,000
+ 12.8
647,000,000
620,000,000
■
1,937,021
+ 84.6
1,088,973
1,383,434
3,336,239
+ 27.3
4,069,862
2,000,880
+ 20.2
1,725,753
2,704.652
1,521,202
2,561,685
2,095,324
+ 22.3
1,880,657
■:» 2,105358
5,336,900
4,696,000
+ 13.6
4.233.300
4,791,900
664,233,690
~
.
Wilkes-Barre
" _•
II
636,021371
York
Jersey—Trenton—I—Ill-
New
510,891
,
558,723
#
: 2,404,107
M
Scranton
-
606,903
'
—
Philadelphia
Reading
year.JrOur preliminary
week in 1945.
ended Friday of 14.7 %! Our comparative
gain for the week
At this center there is a
"summary
II''
787,000,000
•
: Bethlehem
clearings
$11,689,524,890 against $10,453,306,624 for the same
at
March 2
Inc. or
Third Federal Reserve District- -Philadelphia—
us,"based upon telegraphic advices from the chief
that for the week ended Saturday,. March 9,
for all cities of the United States from which it is possible to
will be 11.8% above those for the corresponding week last
total
1945
Dec. %
-
,
I:
1946
this week will show an increase compared-with a year ago.
Bank clearings
^."'•Week Ended
:v;
THE COURSE OP BANK CLEARINGS
Total
(10 cities)-
—
£
-
Clearing—Returns by Telegraph
Week Ending
.
1946
-
1945
%
$5,365,812,301
March 9—
New York
$4,679,362,188
+14.7
Fourth Federal Reserve District—Cleveland
404.924,146
442,010,306
+
9.2
556,000,000
+
Ohio—Canton——
Cincinnati—.
5.4
Boston.
Kansas
586,000,000
*
•„;
-
171,600,000
~
r
San Francisco
Columbus
3.5
108,272,383
104,211,245
4.3'
199,984,893
189,374,209
22,456,500
18,697,500
+ 20.1
2,381,773
3,522,387
—11.5
239,950,290
2,279,224
3,980,485
282,012,062
+17.5
259,674,000
+
633,564,428
677,633,850
5.5
Total
(7 cities)
-
131,401,100
$7,838,962,657
$7,026,400,514
+11.6
Other cities, five days
1,902,308,085
1,520,137,320
+25.1
$9,741,270,742
$8,546,537,834
+14.0
K,^r^^CharleSt0n-^-"-
1,948,254,148
1,906,768.790
2.2
Columbia—Washington-
—_i_
Ten cities, five
Total all cities, five days
All cities, one day
Complete and exact details for the week covered by
in
ends Saturday
+
VjSnTirgwla~,?Untln8t0n
239,385,693
6.5
610,252,413
560,263,051
—
Total
+11.8
1,507,568
f
1,124,516
-r
6,940,000
79,378,887
6,405,000
,
65,636,609
2,539,466
2,303,468
177,889,737
173,009,074
146,887,288
58,534,118
45,117,016
35,536,713
21766,495
(6 cities)
343,111,277
Sixth Federal Reserve
District—Atlanta—•
Tennessee—Knoxville
time of going to press.
13 112 685
Nashville
of the week in all cases has to be estimated.
Augusta
Macon—.
detailed statement, however, which we. :present
41,392,054
41,019,127
35,727,614
164,300,000
143,100,000
116,900,000
2,108,592
1,784,947
4 1,856.377
1,951,857
49,436,283
43,429,613
48,823,180
35,958,943
Florida—Jacksonville
72* 229
852
Alabama—Birmingham
657041749
54,630,771
Mobile
5'lis'919
'375251
Total
the cities
according to
from this
it appears that in the New York District (including this city) the totals show a gain
of 5.5%, in the Boston Reserve District of 9.1% and: in the Philadelphia Reserve
District of 13.0%.
In the Cleveland Reserve District the totals are smaller by 6.5%
but in the Richmond Reserve District the totals are larger by 11.2% and in the
Atlanta Reserve District by 28.2%.
In the Chicago Reserve District the totals record
increase of 14.2%, in the St. Louis Reserve District of 14.0% and in the Min¬
neapolis Reserve District of 30.9%. The Kansas City Reserve District registers an
improvement of 22.0%, the Dallas Reserve District of 20.1% and the San Francisco
4,534,132
•197,909
4,923,983
233,094
48,737,689
85,068,311
79,851,837
497,316,505
387.893,569
+28.2
342,809,124
328,532,136
,497,043
6,281,129
+ 114.1
7,500,834
+ 19.4
5,42i;i21
5,049,134
4,945,382
3,882,928
+27.4
3,907,327
3,188,774
+ 11.9
3,200,380
30.6
30,523,000
3,902,352
—
Louisiana—New Orleans
having recorded an increase of 5.9%. We group
the Federal Reserve Districts in which they are located and
5,179,533
107,709^969
Mississippi—Vicksburg
country having amounted to $12,557,950,826 against $11,611,513,503
week in 1945.
Outside of this city there was a gain of 11.1%, the bank
2,182,241
2.673,632
53,968,284
3,423,009
2 221,755
_
7,298,031
11,157,868
14,993,565
40 *77 tic
m5&000
17.11—"I
Georgia-Atlanta
ings for the whole
in the same
271,949,043
714407
_
DlJrwtrBaltimore
District of
further below,
we are able to give the final and complete results
of * the week previous—the week
ended March 2. For that week there was an increase of 8.1%, the aggregate of clear¬
In the elaborate
4,083,110
—14.9
8,127,000
2,079,520
—
—
Kicnmond
the foregoing will appear
much as the week
and the Saturday figures^ are not available at
Accordingly, in the above the last day
2,054,527
*•
•
We cannot furnish them today, in as
issue of next week.
our
——
$11,689,524,890 $10,453,306,624
Total all cities for week
17,901,600
2,248,050
3,614,360 *
r
Fifth Federhi Reserve
District—Richmond—
138,590,678
days
Baltimore
+
19,747,100
4.5
+
0.2
+
Pennsylvania—Pittsburgh—
9.3
—
Youngstown
2.9
—
165.582,913
165,297,493
Cleveland
146,100,000
209,879,945
*
IIH'
Mansfield—
+13.2
3,252,665
0.1
+
;
'
173,476,222
\
190,336,047
—
:300.<K)0^p(>
+ v
267,177,000
—
Pittsburgh
'
I
196,380,413
+
+
131,711,999
234,124,627
4,833,866
III""
;
'
1
:3i§,f5sjti9
-————
City
St. Louis
Cleveland
4,436,584
4,827,953
136,260,329
224,150,233
v
'
Philadelphia—
(10 eities)
308,017
clearings at this center
Seventh Federal Reserve
2d
3d
4th
5th
7
9th
452,454.486
+
9.1
392,350,808
+
5.5
5,637,782,017
717,102,454
+
13.0
664,233,690
636,021,271
677,633,850
6.5
610,252,413
560,263,051
11.2
284,494,688
28.2
342,803,124
—
308,501.011
+
497,316,505
387,893.569
+
(
694,133,488
+
14.2
625,285.773
Outside New York
+
14.0
289,350,159
266,236,002
203,336,140
+
30.9
216,063,869
313,073,429
+
22.0
313,902,301
166,292,562
138.435,385
+20.1
124,757,511
594,753,195
559,602,231
+
6.3
488,183,937
11,611,513,503
+
8.1
9,989,466.290
.8,655,956,352
5,549,566,107
4,996,033.654
+
11.1
4,551,551,626
detailed statement showing the figures for
2,505,465
1,978,418
2,000,532
+14.2
625,285,773
565,961,390
5,979,391
.
+
1,989,274
i..j-
>. ..
9.4
156,400,000
62,638,129
+38.0
38,692,361
1,285,729
1,518,503
—15.3
358,887,538
314,902,160
+14.0
187,400,000
205,000,000
(4 Cities)!
.
—
—
+
1,073,000
289,350,159 M
258,803,490
Minneapolis
St,
331,597.595
1,431,923
1,116.303
576,424
—
3,877,768
312,948
7.7
3,346,556
+40.6
1,298,990
5,021,407
+
7.9
4.243.717
+ 30.9
216,063,869
r
341,902,664
358,864,951
835,817
842,701
84.2
396,505
+
11.7
1,447.562
+
38.8
4,175,879
16.8
2,774,600
+
17.2
14,481,309
,
7,666,042
:
19,111.000'
•
831,114
577,842
452,454,486 7
6,920,755
+
20.2
14,858,000
14,604,000
+
5.6
577.542
474,156
+ 35.4
4,782,070
+ 26.7
79,266,112
265,930
Joseph
2,556,702
250,960,359
6,826,573
542,713
1,361,903;.
City
+ 33.6
+ 37.3
+ 19.9
5,791.978
191,145,716
—
4.4
5,826,191
—28.2
1,033,623
+
+ 42.6
765,269
;? 291,907!I47
313,073,429
+ 22.0
5,093,429
2,384,222
+113.6
2,081,780
132,566,000
(10 Cities)
113,977,000
+16.3
101,792,000
91,701,642
12,365,941
+27.6
11,120,291
11,859,938
382,057,617,;
—
313,902,301
.
Eleventh Federal Reserve District—Dallas—
•
Texas—Austin
549,071
+
9.1
.
392,350,808
.
Dallas
Fort Worth
-
Galveston
Wichita
409,202,236
29,458.723
Elmira
1,255,211
1,369,924
—
Jamestown
1.219,743
9,071,624
1,709,448
—52.2
1,847,884
24.3
0.1
69,896,055
(6 cities)-:
1,108,909
7,008,334,719
16,012,425
.
+11.7
?
....
7,288,378
14.332,336
+
396,329.
+
124,757,511
113.6355937
+
5.6
80,544,467
+
85,442,926
2,829,711
$
7,167,203®
10,102,216
10,569,264
345,916,000
337,222,000
10,317,838
Francisco
-
8an Jose.
6,301.778
*2,300,000
'
—.
Stockton-^--
2,958,763
5,914,039
/
tl
5,334,659
93.171,923
1,828,654
19.2
2,036,117
+ 11.4
73,346,799
70,629,616
20.3
26,236,200
26,186,376
+
—
4.4
10,564.513
5,816,760
+ 34.4
4,672,625
3,452.704
+
2.6
280,218,000
248,960,852
+
63.7
4,559,703
4,533,944
12.1
+
28.6
1.945,897
1,365,386
+ 16.6
4,059,616
3,822,261
559,602,231
+
6.3
488,183,937
459,768,476
11,611,513,503
+
8.1
9,989,466.290
8,655,956,352
+
7.8
+
5.5
6,844.445,300
5,549,566,107
4,996,033,654
+
J1.J
4,551,551,626
4,223,669,711
;
Sf'PA
'
*
Grand Total (111 cities)—
„
+Dutside .ilew York^
■-'t!:
.^•Estimated.::::--'-::
'':
''
'■
5,072,586
12,557,950.826
58.3
+
41,474,963'
.
+ 20.1
1,096,731
7:7
33,247,141.:
44,707306
7,219,273,560
>'
Pasadena
'
627,228'
37,283,272
1
3,371,898
California—Long Beach
34.0
+
90,188,118
'
:;V Santa Barbara
6,338,644 "*
138,435,385
;
District—San Francisco-
23,649,490
12,482,452
6,767,171
8,495,284
4,075.837
32,059,482
San
2,372,970
1,253,460
:77,879,817.
931,881
2,985,700
; 5524.280
86,757,638
5,437,914,664
■
+ 53-4
+ 294
Utah—Salt Lake City__
'
5.9
+
+ 29.9
2,528,275
1,260,175
166,292,562 •
—
Reserve
Yakima
1,115,095
1,577.365 *- —22.7
6,615,479,849
Federal
2,660,000
^
5,788,047
1,932,431
7,469,526
Oregon—Portland
56,600,000
8.4
Fails.,-
Washington—Seattle
"
+
15,776,176
3,455,000'
Louisiana—Shreveport
Twelfth
64,305.856
+ 68.5
10,193,070
Wichita
Total
6,663,258
+19.6
64,211,000
citie6)
+
517,704
Pueblo
14,214,819
—
KcrtLarn New .Jersey—
2.5
342,097
Colorado—Colorado Springs
2,884,802
17,511,005
1,998,769
Jersey—Montclair
185,671,089
4,478,089
3,592,800
+
57,156,953
Newark
203,336,140
339,108
+
2,484,141
Syracuse
266,236,002
1,368,697
6,079,268
Missouri—Kansas
St.
7.6
+28.3
+
.
,
27,304,848
Connecticu t—Stamford
(7 cities)
100,858,282
4,375,048
Total
New York—
3.734.716
'
Hastings
District—New York-
Rochester
35.7
+ 30.2
2,356,468
Lincoln
3,899,672
1,165,275
493,833,559'
Buffalo-
+
2,008,426
Helena
777,282
933,619
43.7
4,725,829
22,973,700
York—Albany
51,274,383
4,364,768
1,084,483
9,170,175
Blnghamton
12.5
Montana—Billings
Kansas—Topeka
+
20,530,629
cities).—;
4,149,841
149.993.525
+
North Dakota—Fargo
South Dakota—Aberdeen
$
4,197,514
Islandr-Providence
6.2
+ 39.2
—
192,559,231
Paul
55,936,062
1943
1,301,154
Hampshire—Manchester
*
3,939,640
Nebraska—Fremont
6,557,877
Haven
District—Minneapolis—
Omaha
946,807
421,281,152
Connecticut—Hartford
(12
6,016,248
18.5
+ 11.4
each city for the
$
Dec. %
$
3,579,192
Bedford-
Total
+20.7
+
2,261,031
694,133,488
,
792,478,516
Ninth Federal Reserve
1944
Inc. or
1945
1,360,971
Worcester
Hew
7,109,052
2,869,279
3,399,285:
Minnesota—Duluth
District—Boston—
Springfield
Hew
511,091
Tenth Federal Reserve District—Kansas City-
$
Second Federal Reserve
1,937,880
.v,
,
+1.1.6
March 2 for four years:
:
(12
441.249,120
1,977,229
30,472,043
4,223,669,711
River—1
Total
490,323,557
+33.7
716,211
45,511,614
Total
459,768,476
12,557,950,826
Portland
Rhode
706,137
+ 11.6
2,024,318
'
Massachusetts—Boston
New
+ 50.7
£50,823,447
«
39,789,317
113.635,393
Maine—Bangor-
New
Il,079,209
2,239,342
62,812,492'
"
Clearings at—
New
| 8,188,414
Kentucky—Louisville
291,907,747
1946
Lowell
15,562,838
8,216,255
Tennessee—Memphis
Illinois—Quincy
Week Ended March 2
Fall
18,312,572
+ 35.7
8,578,427
185,671,089
382,057,017
City
Reserve
+ 24.3
8,536,876
2,518,806
(17 cities)
Total
First Federal
*18,500,000
.
8,133,212
+
258,803,490
We now add our
week ended
T 2,681,535
33,818,796
.
565,961,390
314,902,160
HI cities
Total
+ 44.2
+
Eighth Federal Reserve District—St. Louts-
328,532,136
10
6
10
Francisco.
2,501,737
•
Missouri—St. Louis
257,893,624
^
llth Dallas
37,387,678
2,707,190
—,
r
4,588,296,449
792,478,516
Minneapolis
19th Kansas City
7,810,650
+ 19.1
614,639,583
—
Chicago
409,202,236
6,844,445.300
358,887.538
Louis
I2th San
493,838,559
4
7th Chicago
+ 15.8
38,908,679
3,606,646
,
343,111,277
0
10
17
6th Atlanta
—
3,621,021
10,513,159
11: 22,995,243;
-—*^1,11.581.637
£,eS M9I1"€S
$
7,219,273,560
2.861,359
29,045,000
/
46 322 273
.
'+'-v
TllS^l5!iy"7--7
Illinois—Bloomington
Total
$
Dec. c/o
633,564,428
10
Richmond
«th St.
$
810,141^667
12 cities
12
Cleveland
+ 15.4
+
586,212
12 177 169
+
Iowa—Cedar Rapids
1943
1944
Inc. or
1945
$
Districts
Philadelphia
-1III™
SnrWf^M
Springfield
•
York
New
3,623,823
417,649
1
CLEARINGS
•1946
Boston
3,407,776
31,877,000
4 itm 143
Peoria—
March 2—
Reserve
Federal
3,813,385
41,369,000
Terrc Haute
by Federal Reserve Districts:
SUMMARY OF BANK
1st
I
—
Decatur
following we furnish a summary
Week Ended
Bend
Wisconsin—Milwaukee
District of 6.3%.
In the
1,064,304
>•
Indianapoiis
South
an
Reserve
Distr!ct*~Chlcago—
Michigan—Ann Arbor
Grand Rapids
Lansing
Indiana—Fort Wayne
594,753,195
'
'•
—
:
'
Monday, March 11,1946"
CHRONICLE
THE COMMERCIAL & FINANCIAL
1324
Redemption Galls and Sinking Fund
foreign Exchange Rales
TK,reliant
tn
tlf^g d^ly to the Secretary
We give below a
world
Country and Monetary
FEDERAL RESERVE BANK TO TREASURY UNDER
1946 T0 MARCH 7, 1946, INCLUSIVE
CERTIFIED BY
\
Noon Buying Rate for Cable Transfers In
Value In United States Money
Unit
Mar. 2
$
Mar. 1
$
;; Argentina, peso—
$
The date indicates the redemption or last date for mak¬
Mar.
Mar. 6
.297733*
.297733*
.297733*
NOTICES
TENDER
OF
.251247*
.251247*
.251247*
ing tenders, and the page number gives the location in
which the details were given in the "Chronicle."
t
$
$
$
.251247*
.251247*
.251247"
a list of corporate bonds, notes,
preferred and common stocks called for redemption,
Including those called under sinking fund provisions,.
TARIFF ACT OF
Mar. 5
.297733*
.297733*
.297733°
^
Below will be found
New York
Mar. 4
Notices
•
the
buying rate for cable transfers in the different countries of
passed.
1930
of the Treasury the
record for the week just
EXCHANGE RATES
: FOREIGN
•.
is now cer-
the Tariff Act of 1930, the Feder*+ Reserve Bank
of Section 522 of
the requirements
3.214113
3.214113
3.214113
3.214113
3.214113
.022845
Australia, pound
Belgium, franc
3.214113
.022845
.022845
.022845
.022845
.022845
Company and Issue—
.
Aroostook Valley RR., 4Va% sterling bonds due 1961
Baltimore Transit Co., 4% & 5% debentures
.060602*
.060602*
.060602*
.060602*
.060602*
Chesebrough Building Co.—
% Brazil, cruzeiro—
.060602*
Date
Page
Apr 12
.Mar 22
774
Apr
1
Mar 22
1154
«
,
1st
.051802*
.051803*
.051802*
.051802*
.051802*
mtge. 25-yr. 6% gold loan ctfs
Heller (Walter E.) & Co., 5%%
preferred
.909090
.909090
.909090
.909090
.909090
.909090
.906875
.906875
.906375
.908875
.907500
.906375
.569800*
.569800*
.569800*
.569800*
.569800*
.208766
.208766
.208766
.208766
.208766
.208766
Huntington & Broad Top Mountain RR. & Coal Co.—
6%
1st mortgage bonds, series A & B
Mar 22
Mount Hope bxidge Corp., 1st mtge. 5s, due 1969
...Maris
Oregon RR. 8s Navigation Co.—
+.v!
4% consol. mortgage bonds due 1946
Any time
§2322
Oregon Short Line RR.-—
Consol. 1st mtge. 5% bonds due 1946
Anytime
§2822
Anytime
§2824
.051803*
:^!(piinadA .dollar—
5
Colombia, peso.
Denmark, krone
—————
Tr,—
(British),
India
—:
.008410
.008410
.008410
.008410
.301215
.301215
.301215
.301215
.205800
.205800
.205740
.205800
.205800
.377893
.377892
.377392
.377392
.377892
.909090
.909090
.909090
.909090
.909090
4.033750
4.033750
.377893
Newfoundland, dollar-
:
4.033750
.008410
.301215
.205800
rupee
Mexico, peso—
Netherlands, guilder
4.033750
.008410
4.033750
——
'
:
.569800*
4.033750
.301215
pound sterling—-.-—-—
(Metropolitan) franc
France
•
—
—
England,
:
,
.909090
.904375
.904375
.904375
.904375
.905000
3.227000
3.227000
3.227000
3.227000
3.227000
.202020
Portugal, escudo
Spain, peseta
.
.202020
.202020
.202020
.202020
.040501
.040501
.040501
.040501
.040501
.091324
.0.91324
.091324
.091324
.091324
.238520
.238520
.238520
.238520
.233626
.233626
.233628
.233626
.233622
.233626
4.005000
4.005000
4.005000
4.005000
4.005000
4.005000
Sweden, krona
Union of
pound
South Africa,
General
and
mortgage
5%
bonds,
1951
and
Mar
:
refunding
mtge.
bonds,
4%
315
series
series
6
B,
1951
due
Mar
.658300*
.658300*
.658300*
.658300*
.658300*
.562900*
.562900*
.562900*
.562900*
.562900*
.562900*
Non controlled
Engineering &
Traylor
Co.,
Mfg.
preferred
PARTIAL
.238517
.238520
.658300*
Uruguay, peso—
due
A,
General
refunding
652
6
.091324
,
Switzerland, franc
& Grand Island Ry.—
1947
mortgage 4% bonds due
United Electric Rys. Co.—
.202020
.040501
Norway, krone.
,
1st
.904375
3.227000
New^Zeafandr'pound
St. Joseph
stock
stock—Mar 22
REDEMPTION
Company and Issue—
Alreon
Date
stock
Blumenthal- (Sidney 1 & Co., Inc., 7%
Buycrus-Erie Co., preferred stock
Corp.,
Mfg.
preferred
Apr
Page
30
1149
preferred stock—Apr
1
1153
Apr
1
§2636
bonds, series A
Apr
bonds, series B_
Apr
bonds, series C
Apr
Commercial Discount Co., .5% debentures, due 1947—Apr
Duiuth, Missabe & Iron Range Ry.—
1st
mortgage 3!2s due
1962
Apr
Cleveland
1st
Union
Terminals
Co.—
$87,000,000 at all reporting member banks,
$76,000,000 in New York City.
Time de¬
posits increased $30,000,000 in the San Francisco District
and $43,000,000 at all reporting member banks.
United
States Government deposits increased
in nearly all
trict, and
Reserve Banks Combined
thousands of
(In
districts.
dollars)
Increase (+) or Decrease
(—) Since
Mar. 6,
R.
fur.d for F.
Redemption
1946
17,306.565
Gold certificates
Mar.
Feb. 27,
1946
Assets—
771,633
and increased
40,000
+
—
7,
.
1945
130,694
10,734
+
•
Other
346,219
cash
29,266
—
442,880
advances
1,538
Industrial loans
U. S. Govt, securities:
Bills'
:
7,025,414
-——*
+
96,639
+
62,805
51
—
+
ber banks was a
summary
+
Total V. 8. Govt, securities
22,526,363
Total loans and securities—
22,970,781
—445,672
R. notes of other
Uncollected
Bank
143,671
banks—
1,934,765
items
premises
33,222
—
Other assets
56,063
—
3,358
185,180
+
3,176.131
+
6
—158,443
35
—
—
9,632
74,191
7,303
—532,416
+
for
,
24,125,712
+
1,403
+1,861,215
—111,280
+
U. S. Treasurer—gen. acct.-
611,790
—214,367
+
750,585
Other
403,050
—
—
30,065
19,008
1,236,390
323,441
—
456,089
+
24,050
+
1,131
691
+
11
—
33
—
—
55
92
+
35
25
—
1,747
2,866
+
—1,306
45
—
623
—
34
—
7,900
461
+
3
+
12,860
16
—
9
—
1,517
Treasury bills
1,183
+
+
1,129
Treasury notes
U. S. bonds
+
4
^
438
46
27
2,032
obligations
Other securities
Treasury certificates of Indebtedness
15,444,181
+
97
1,655
obligations-
Other loans
Member bank—reserve acct.
4
5,019
+
3
3,452
+
37
+
497
9,992
—
27,234
7
Obligations guaranteed by U. S. Government
Other securities
+
350
—
—
—
r
Reserve with Federal Reserve Banks
Total
deposits
Deferred availability' itemsOther ilabs., lncl. accrd. divs.—
17,209,606
1,608,414
11,581
—374,720
—161,935
+
1,127,792
202,503
887
+
12
+
432
24
+
32
7
+
104
87
+
582
2,395
+
Cash in vault—
597
—
Balances with domestic banks
+
2,268
—
liabilities—-
42,955,313
—534,360
+3,193,905
+
285
27,428
41,200
14,086
+
358,355
+
130,202
+
+
L659
—
263
40,502
serves
to
43,563,029
—532,416
+
3,297,954
—
9,659
+
43
+
1,651
16,527
+
94
+
5,960
38
+
1,141
+
263
deposits—
Interbank deposits:
10,056
1,214
Foreign banks
Borrowings.
to
—
5
—
275
22
—
13
—
Commitments
trial loans
to
combined
make
during week
+
A%
1
1958;
series
bonds,
A
Transit,
1
and
1
1
5%
bonds,
income
series
A,
Apr
Refunding
mtge. 3% bonds, series A, due
Patterson (Joseph M.) & Co., Inc.—
bonds
debenture
Co.,
Southwestern
Apr
1
Apr
5
1960
1
1034
1
1034
1956-Apr
1
1202
Apr
1
Apr
1
1962 .Apr
1
Co.—
«
Electric
&
903
1032
1st mtge. 4V2s, ser. A & B..Apr
bonds due 1951
Apr
income
Gas
1
1960
due
pipe line bonds,3%%
mortgage
1
1961—Apr
series,
due
Co.—
3'4s, series A, due 1970
Terminal Refrigerating & Warehousing Corp.—
1st mtge. 4%s, due 1948
mortgage
Untied Gas Corp.,
1st mtge. & collat. trust 3s due
695
Company and Issue—
Page
Date
preferred
stock
Apr
1
Corp., serial debentures, due 1946-1952_Apr
1
Boone
County Coal Corp., 6%
preferred stock
Apr
1
Butte Electric & Power Co., 1st mtge. 5s due 1951
Any time
Canadian International Investment Trust, Ltd.—
Corp.,
Steel
Bethlehem
5%
+
125
—
Auction Sates
1,795
Condition Statement of Member Ranks
States Government deposits.
Loans to brokers and dealers for
purchasing or carry¬
ing
United States Government obligations increased
$99,000,000 in New York City and
at all re¬
Holdings of Treasury certificates of indebtedness de¬
clined $11,000,000 each in the Atlanta and San Fran¬
cisco districts and $34,000,000 at all
reporting member
banks.
Holdings of Treasury notes declined $20,000,000
in the Philadelphia
District, $15,000,000 each in the
Boston and Chicago Districts, and
$45,000,000 at all re¬
porting member banks, and increased $15,000,000 in New
York City.
Holdings of "other securities" increased
$37,000,000.
Demand deposits adjusted declined
$95,000,000 in the
Ban Francisco District,, $36,000,000 in the Chicago Dis-
&
Lofland,
Philadelphia
STOCKS
$ per
The Diamond State Steel Co., preferred
The Diamond State Steel
Co., common
62
50
Universal System of
50
Transacted
Chester, Inc.,
on
Share
$1 lot
__
$1 lot
—
preferred..?—
by R. L. Day & Co., Boston,
8
on
Wednes¬
day, March 6:
Shares
STOCKS
:12
Myles Standish Co.,
South
common
55%
—
Pemberton
500
7
.
Street
Norfolk County Trust
10
.
$ per share
Trust (par $100)---III——II—III
Building Trust (par^ $100)
Fawn Mining Co., Ltd. (par 50 cents)
4nn.-j
Champion-International Co. (par $100)-:
County Bank & Trust Co., Cambridge (par $10)
7
8
$97^)00,000
porting member banks; other loans for the same pur¬
pose declined $29,000,000 in New York City,
$10,000,000
in the San Francisco
District, and $46,000,000 at all re¬
porting member banks.
Barnes
Wednesday, March 6:
The condition statement of weekly reporting member
^
S, Federal Reserve System in 101 leading
cities shows the
following principal changes for the week
ended Feb. 27; A decrease of
$87,000,000 in demand de¬
posits adjusted and an increase of
$94,000,000 in United
by
Shares
,
r,
.;:
Unsubscribed stock
Co.,
$10)_
1st
1023
775
Mar 15
1025
Corp., $2.75 preferred stock
Mar 18
Machinery Corp., conv. preferred stock—Mar 15
Corp., 7% prior pref. stock-Apr
1
1025
bonds,
series
A
Apr
cumul. conv. preferred stock
Corp.,
6%%
mortgage
Columbia
Compo
prior
6%
pref.
leasehold
bonds
Pictures
Shoe
Continental
common
30
Maryland Apartments
Pacific
Power
Co.,
common
Charles St. Garage non-interest
reg.
150
49 65-80
New
V
25%
II"!
395
Gas & Electric
778
68
Apr
1
1156
1
1026
Publishing
3%
Co.,
Hosiery
Davenport
debentures
due
1955
Mills,
debentures
Eversharp, Inc.—
15-year
Apr
5%
convertible
Northern
4%%
income
debentures due
778
1157
Mar 23
1027
July 1, '47
§1513
1965
gen.
5%
1st collat.
Corp.—
30-year
1
15
Ry.—
mtge. gold bonds, series E, due 1977
Hydro-Electric Bond & Share Corp.—
bonds,
trust
junior
20-year 6%
mortgage bonds
Kresge Department Stores, Inc.—
4%
series
due
May 1
A
Apr
Shore
Gas
Co.,
1st
&
Madison Ry.,
Inc.,
5%s
mtge.
1950
1
—IIIIIII—I
"(par $15)"f~$72Q
(par
A
Apr
5s due
1959
1
May
1
Apr
mtge.
stock
1
Utility Corp. A
Guanajuato
Reduction & Mines,
1944 coupon.
7-1-1930 sub.
on
$i30lot
395
—
$10 lot
—$2 lot
Per Cent
1st
mtg.
July,
Apr
Phillips Packing Co., Inc.,
Edison
Potomac
Co.,
5%%
and
1%
I
preferred stock—_Mar 30
6%
preferred stocks-
cumulative preferred stock
Reading Co. Jersey Central, coll. trust 4s due 1951
Republic Drill & Tool Co., conv. preferred stock
Schulte (D. A.), Inc., preferred stock
8%
*
781
*
§1516
§3078
§2822
§2822
908
§2187
945
»
784
784
784
♦'
1
819
Mar 15
Apr
1
1034
May
Apr
1
Mar 15
§1678
820
660
Seattle Gas Co.—
1st
&
ref.
Shippers'
61
:.
I
1967
653
mtge.
Car
Broadway
5s,
series A, due
1954
Line Corp.,
Corp.,
4% debentures due
1st mtge. income ctfs
Apr
1
1949—.Apr
Apr
1034
1
1
*
Southeastern Gas & Water Co.—
bearing note 11-1-62
$300)
England Duplicating Co., Inc., catnmwi
Public
20%
due
bonds
905
Inc.—
1st
class
due
1
May
convertible 1st preferred stock
1
Apr
1953
Building Corp., 1st mtge. 4s due 1950-Apr
1
Morris Plan Corp. of America—
Collateral gold notes, series of 1929 due April. 1946-Apr
1
Norwalk Tire & Rubber Co., 7%
preferred stock
Apr
1
Niagara, Lockport & Ontario Power Co.—
1st mtge. and ref. 5% bonds, series A, due 1955
Apr
1
Northern New York Utilities, Inc.—
'
1st lien & ref. 1% bonds, series A, due 1946
Any time
1st lien & ref. 6% bonds, series B, due 1947
Any time
Oregon-Washington Water Service Co.—
1st mtge. 5s, series A, due 1957:
Apr
9
Pacific Telephone & Telegraph Co.-r
Ref. mortgage 3%% bonds, series B, due 1966
Apr
1
Pennsylvania Sugar Co., 4% debentures due 1952
July I
Peoples Water Service Co., 6 % prior preferred stock.Apr
1
Philadelphia & Chester Valley RR., pfd. 1st mtge., 4%-bonds due
1948
Apr
1
1st mtge.
(not preferred), 3% bonds due 1948
Apr
1
Philadelphia, Newtown & New York RR., 3% mtge.
25%
BONDS
$1,500
30
II
———^
Athenaeum
Central
25%
I
Regent Co.
Boston
165%
37%
III
_
10
I
*
Inc., 7%
conv.
pfd. stock—Apr
Dominion Tar & Chemical Co., Ltd., 5%% pref. stock
Apr
Elastic Stop Nut Corp. of America—
Curtis
$1 lot
I
Thomson Electric Welding Co. (par $20)
Boston Athenaeum
(par $300)
Sierra
14%
_
11
Co.,
16%
Brookline—
(par
Roosevelt
5
*
Chicago-United Artists Theatre Corp.—
Rand's,
10
1
1153
§2142
1
trust
4% %
Products
Certain-teed
1022
Mar 14
stock—Jun
1
collat.
1st
Carrier Corp.,
Mira-Mar Hotel
1,772
652
4
Apr
Inc.—
mtge.
6s,
Natural Gas
Steel
1
Apr
mtge.
pfd.
series A
Co., 1st mtge. 2%s due
Oregon-Washington RR. & Navigation Co.—
1st
Apr
stock..Apr
convertible
1st
general
Lyons-Magnus,
0
Transacted
l969_Apr
due
5s
1964
Litchfield
43.7%
5%
Langendorf United Bakeries,
6%
preferred stock
12,933
indus-
—_
and
Oklahoma
Lake
demand deposit accounts except
and
U.
S.
Gov't
accounts,
Interbank
deposit and F. R.
liabilities
1st
Co.,
Indiana
Northern
Co.,
due
B,
ser.
mtge.
Jones Estate
Domestic banks
Debits
Total liabilities & cap. accts..
Ratio of gold certificate renote
37,600
U. S. Government deposits
180,733
Ice
Great
Demand deposits adjusted
Time
Capital AccountsCapital paid in
Surplus (Section 7).
Surplus (Section 13b)-.—
Other capital accounts——
Lincoln-Boyle
4% %
Liabilities-
Total
3%s,
1st
ENTIRE ISSUES CALLED
Loans to banks-.
Deposits:
mtge.
Co.,
63
3,544
—
690
U. S. Government
1st
Paper
Atlas
Real estate loans
Federal Reserve notes
+
Other loans for purchasing or carrying:
3,297,954
Liabilities-
3
pur¬
Other securities
v
43.563,029
Total assets
9.647
—
7,382
dealers
and
U. S. Government
1,170
—
+
chasing or carrying:
37,551
+
—
34
and agricultural
industrial,
brokers
$
a6
15,178
loans
to
1945.
1946
—
68,143
Investments—total
Feb. 28,
Feb. 20,
$
,
Loans—total
Loans
Co.,
Mining
Hygrade Food Products Corp.—
1st and ref.
mtge. con v. 6%
series B,
due 1949
1st
Decrease (—) Since
1946
Assets—
3,312,163
+
1156
Coal
Halvetia
Southern Natural Gas
Feb. 27,
306,350
—
—
—
1
Power
Gatineau
Saguenay Power Co., Ltd.
Increase (+) or
Commercial,
—382,918
110
banks
foreign
649
Scullin
(In millions of dollars)
1,614,903
+
.
63
6 'v
follows:
2,232
Loans and
F.
of reporting
of the assets and liabilities
member banks
+1,440,058
75,125
—520,797
946,892
Bonds
from
change at all reporting mem¬
decrease of $38,000,000.
Chicago District; the net
138,264
—
1,372,700
Notes
Due
City
000 in New York
0
13,181,357
*
-
Certificates
•\y
214,106
+
7,296
declined $45,000,and increased $28,000,000 in the
—
and
Discounts
•
v'
+
—
68
1
1
International
Deposits credited to domestic banks
A
18,078,198
ctf. reserves
Total gold
1
mortgage 4%%
due
344,800
—
1
mortgage 5%
1st
Statement of Condition of the 12 Federal
mortgage 5% %
1st
•Nominal rate.
1st
lien
Southern
collat.
trust
Pacific RR.,
bonds
1st
due
mtge.
1951
3%s,
ser. B, due
—.Apr
1936_May
1
1
1202
Southwestern Bell Telephone Co.—
1st & ref. mtge. 3%%
bonds, series B, due 1964
Jun
1
Standard Fruit & Steamship Corp., $7 pfd. stock—Apr
1
Stanley Works, 5% preferred stock.
.May 15
Syracuse Gas Co., 1st mtge 5% bonds due 1946
Any time
Tampa Gas Co., 8% and 7% preferred stocks
:
Apr
1
$11 lot i-~Tampa Gas Co„ 1st mtge.? 514s and s*
Apr
$
§1930
1035
320
§2862
1203
«
T^'1' ."i""
■*»MtHmtoW&et***}**■*>«Mu,w rtwv>»11HM<****** wi-nwWM-WrtvVd W»MiV
Volume
Number 4471
163
VV:^:
.-■■in,'
___—■■
Taylor-Wharton Iron
Steel
&
"J'
•
due
1958
mtge.).7Vi% cumul. inc. bonds
1st
mow
•—
______
Texas Poweir «& Light Co.—
1036
1
gold debentures
t^oh/?adfiit^®R.—
6%
*
•
'
•
'
•
(quar.i
" 25c
37 %c
Hanover Bank
*
& Trust
Co.,
1NY.1
4-
99f:
$1
Central Illinois Electric & Gas Co—
iiS
4.10%
823
1204
691
■
*4>
,
preferred A
4.10% preferred B
(quar.)
$1.02%
(qua,r.)—$1.02Va
Central Maine Power Co., com. (increased)15c
5%
preferred (quar.)
62 Vic
$6 • preferred (quar.)
—
$1.50
6%
$1.50
preferred (quar.)
7% preferred (quiar;)—
$1.75
Central Telephone Co.—
62%c
$2.50 preferred
(quar.)
10c
Cehtury Electric Co. (irreg.)
.
—
"d
grouped^ in two separate tables. In the
bring together all the dividends announced the
are
Then
follow with a second table ia
we
which we show the dividends
previously announced, but
Further details and rec¬
in many cases are given
under the company name in our "General Corporation
and Investment News Department" in the week when
declared.
'
which have not yet been paid.
ord of past dividend payments
are:
#v
Share
Name of Company
Akron Canton
59
B
30c
Allen
Electric
Allied
Cincinnati
4%
Equipment
District
Common
6'.'
Gas
Coca-Cola
Co.
International
Telegraph
American
Fruit
American
6%
Hair
1st
2nd
69
Co.
tquar.i
common
Bancohio
Bartgis
Corp.
4-
1
3-11*
Decca
4-
1
3-14
4-
1
3-14
4-
1
3-18
3-31
3-15
&
$4.25
$1.30
&
Ltd,,
Electric
iquar. 1
British-American
Co.,
preferred
L.i
Extra
Building
conv.
3-16
50c
3-30
3-15
25c
4-
1
1
3-15
(s-a>
$$1.50
4-
1
3-26
(irreg.t
7 vsC
3-
6
4-
1
3-20
Gas
&
Ltd.—
Ltd.
B
First
3-15
4-
1
3-
8
4-
1
3-
8
4-
3-19
1
3-19
4-
1
3-15
4-
1
3-18
31V4C
4-
3-15
1
3-15
4-
1
Ltd.
3-15
9
3-
9
General
Finance
3-
9
General
Instrument
4-
1
3-
9
General
4-
1
3-
9
$50c
3-31
3-15
3-31
3-15
Corp.,
Carter
(J.
44U9
3-29
3-29
4-15
3-15
$$1.75
™
quar.i
$15c
__
5-
5-15
(J.
I.)
50c
___
preferred
•
iquar.)
50c
(initial >
3-29
Great
Lakes
4-15
3-
$4
40C
common
of America, com.
$4.73 1st preferred (quar.i
Corp.
tquar.i
3-12
4-
50C
3-12
1
1
3- 2
Great
3-31
«■
3-18
$1.18%
4-
1
3-18
$1.75
4-
1
13-18
$2
Engineering
2nd
Central
$4.75
-
preferred
Electric
&
preferred
(quar.i
Gas Co.—.
A
t quar.i-
■
!:
59%c
1 "M .,£<11
3-30
7
3-41
preferred
Co.
Co.
R.t
(Ky.i
:
■■
.I-
■
1
3-14
Manufacturers
4-
1
3-14
4-
1
::
$1,567
5-
8
V&r
-
3-20
•
3-20*
3-30
$56
;
3-
3-20
1
4-
1^9
$1.50
1
3-23
$50c
5-1
4- 5
$1.25
30c
4- 1
♦- 1
3-22
J20C
4-15
3-23
3-
Trust
4-
'
3-21
(quar.)—
(quar.)___
Marine
Midland
3-30
3-30
3-30
"50c
common
.
3-15
3-30
,
%:
1
50c
Co.
Trust
4-
$1.25
(quar.)
Co.
Y.)
(N.
4-
60c
Maple Leaf Milling, Ltd. (initial)
Marathon Corp..
5% preferred iquar.)____
9
Common
3-27
3-18
79
4-
1
3-15
iquar,)_
3-15
4-25
4-15
iquar.)
____:
>
3-20
.
3-15
|
4-
1
3-16
4-
1
3-16
4-
4-20
5
preferred B (quar.)—
Basket, common
Preferred
series
Marlin-Rockwell
A
Marshall-Wells
Co., 6% preferred
Maryland Drydock Co., common
79
preferred (quar.i
Mascot
Oil
4-15
3-30
Matson
Navigation Co.
4-
3-15
McColl-Frontenac Oil.
4-
1
3-15
3-30
3-15
4-
1
3-20*
4-
1
1
3-20
1
3-15
4-
3-29
3-20
3-15
3-
9
3-15
3-
1
4-
1
3-19
3-
1
2-20
59
1
3-20
4-25
3-15
4-15
4-
4-
4-
1
3-16
2
3-25
3-15
3-29
3-11
4-
1
3-15
4-
1
3-15
3-20
1
4-
1
3-15
3-
5
Gas
Service
Corp.,
(s-a)
com,
Pwssure
Baker
&
Cooker
Co.
3-20
3- 7
3-15
(irreg.)„
15c
(accum.)
$25C
4-
X'
3-15
J25c
4-
1
3-15
I
3-15
1
3-U
3-11
50c
37%c
4-
1 I
3-18
4-
$3
3-13
1
60c
4-15
4-
15c
4-1
3-21
1
$1.25
3-31
3-26
3-30
4-
3-15
1
*37 %c
.3-15
4-15
1
3-2®
15c
3-25
$1.75
4-1
$1-62%
10c
$1
3-18
3-20
4-1
$45.20
3-15
3-28
I
3-16
4-1
3-12
(quar.).--:
Jersey Water Co., 79
pfd, (quar.)
Method Laundry Co., Inc.—
_
,#3-11
^
Industries, Inc
(qu
North American Bond Trust, ctfs. of int.__
North Star Oil, Ltd., 7 9
pfd. (accum.)
Noblitt-Sparks
$2.50
conv.
*8%C
62 %C,
preferred (quar.i 2.
Northwestern States Portland
Cement oC.—
4-
4-1
8
4-
Tire
3-1
3-
9
3-15
3-21
Pennsylvania Edison Co,, $2.80 pfd,
$5 : preferred
iquar.)
Pennsylvania Forge Corp.
iquar.)
(quar.)
$1.25
4-1
3-20
4-2
2-28
.
—
Ky->
■mm
:■
*
-
'
:■...
3-16
3-21
1
,v# 4- 1
&
-
.
.
3-21
4-
Rubber Co., 79 preferred- <y. 87 %C
$$1.50 #1'4- 1
Nova Scotia Light & Power Co. (quar.)
50C
-:14-.'.1
Novadel-Agene Corp. (quar.)
4-1
$1.10
Ohio Edison Co.. 4.40% pfd. (quar.)
$$1.25 ,'v4- 1
Oniario Loan & Debenture Co. (quar.i
3-28
Pacific Public Service Co.
(quar) -—-—- yv%y 10cNorwalk
If'
'
3-31
37 ViC
.
tquar.'_
3-15
4-20
3-15
1
11
6%^'
3-15
4-
4-:.
25c
3-29
4-15
8
3-. 8
4-
Co
4-15
1
8
3-
1
4-
preferred (accum.iNew Vork Auction Co., Inc.
New York Trust Co. (N. Y.)
(quar.)
1
3-
1
4-
J20c
Ltd. (increased)
3-15
1
4-
$0.59375
i
1
4-
3-20
1 y# 3-20
3- 9
3-20
*55%C
50c
National Steel Car Corp.,
3-21
3-21
25c
506 :
Reduced
National
3-21
,y,.
4-
.
$1.22%
Paint Co., Ltd., com. (quar.)____
preferred
(quar.)
Murray Corp of America, 4%
pfd. (quar.)_
Mutual System, Inc.; 6% preferred (quar.i.
Nathan Strauss-Duparquet—
6%
convertible preferred (quar.)
National Enameling & Stamping Co.
4-
4-
$1
5% %
$1.50
30c
tquar.)
______
Murphy
New
5-
1
■
6
3-25
1
4-
9
3-7
4-
15c
New
20c
4-
3-
#
$1.75
3-18
31V4C
3*12
$1.75
(quar.i —
preferred B
(quar.)
Moore Drop Forging Co.. common
4%%
ccnv.
preferred (quar.)
3-20
933/4C
IOC
35c
preferred A
3-18
3-3!
3-12
__—-
7%
1
4-10
3-13
(quar.)—)
1
20c
3-6
40c
(quar.)
Modine Manufacturing Co.
(quar.)
Moore Corp.,
Ltd., common (quar.)
4-
3-15
3-13
62 y2c
4-1
2-28
3-30
12%C
preferred
4-
3-30
3-15
3-
4-15
'
lc
$1.75
(increased)
3-15
•;
3-15
12%C
1 quar.i
common
$1
3-15
1
3-25
30c
$$1.50
6%
Nelson
>
4-
,
3-15
.
preferred
4.90%
1
$1,75
(qiiar.i
(quar.)
Missouri Gas & Electric Service
3-20
5-
Co.,
conv.
Mobile
4-
,
3-26
;
preferred
3-15
1
37%C,
.
Extra
Miller-Wohl
3-20
t
4-
(quar.)__
Co,
Ltd.,
§
$1.50
pfd. (quar.)
Merchants Refrigerating Co,, class A (quar.)
Class B
(quar.)
Meyer Blanke Co., common
3-25
4-
4-. 1
3-20
1 ..■■?:
:
3-11
1
1
4-
50C
.
—
4-
25c
Corp.
1
4-
3-20
20C
(quar.).;—
3-20
*
4-15 1
117y2C
Market
3-25
-
'■
4-17
3-15
4-25
$1.62%
3-14
$1.75
,
.
3-16
I
(quar.i
3-20
62VzC
;
4-
.
3-11
4-15
1
10c
>
3-11
%g4-15
■
i'.J,
3-15
$1.25
3-30
.
.
s
31 %C
9y'rr-f;9
••.
3-30
37 'Ac
com.r
prior pid.
RR,, 69
X9
:
1
3-16
3-29
(quar.)
Inc.,
-
:9::
3-16
I4"'1 1
m
•
*
6-21
1
$$1.75
3-30
$24-1,
'
# $2
5- 1
Export Co., .Ltd
6l/2% preferred—
4-
$1
pfd.
4-20
7-
4-
■
preferred
Maine Central
$1.25
$5
4-30
25c
$1.12%
(quar.)
Harris-Seybold-Potter Co.,
Hart Battery Co., Ltd.
3-20
$2
30c
preferred
6J/2%
Publications,
(H.
3-16
$1
r.t
.
3-15
1
3-30
$1
»
par)
Electric
&
partic.
3-31
4-
256
37V2C
Madison Gas & Electric,
25c
—
2nd
3-13
506
par)
3-22
$1.25
—
Guaranty Trust Co. (N. Y.) (quar.)_
Halle Bros,, $2.40 preferred tquar.)
Harnischfeger Corp.,
oemmon
5% preferred (quar.)
5%
3-31
(interim.)
Electric
3-U
25C
—
Works
.
79
&
1
15c
(quar.)
(quar.) —
Lakes Paper, $2 cl. A pref.
Class B preference (accum.i
12'/2c
10C
com.
3-30
20C
Y.)
3-20*
3-20*
(quar.)
4-
7%
—
—
4-
$$1,75
—
— —
4-1
$1.75
preferred
(quar.i
Cassidy's, Ltd., 7% preferred (accum.)
5
Macmillan
Gas
$1.50
4-20.
4-12
_.__u
_
Lunkenheimer Co..
3-15
40C
(N.
3-21
4-12
Corp.—
Co.,
Gas
1
50c
-
common-
Insurance
1
:i
preferred ($100
preferred ($25
59
4-
$1.06*4
American
3-14
$5
Lynn
$1
—
Great
4-
Louisville
MacFadden
$1.06 J/4
3-15
4- 1
$1
—
79
Celanese
|
50c
(quar.i1st preferred
(P.)
3-11
25c
——
3-18
3-15
_
T#%*eferred
3-21
20 c
1
3-20
3-21
1
_
(Marcus) Theatres, com. (interim)
preferred
(quar.)
Lord & Taylor, common (quar.)
8 9 2nd preferred (quar.)
:
3-21
5c
7%
preferred
Inc., class A
»'■O'St-- "I".1
2-27
25 c
Loew's
1
$1.25
(quar.i
4-1
3-20
1
^
1
37 Vic
preferred (initial quar.)
Gordon Oil Co,, class B tquar.)
Graham-Paige Motor Corp.—
5%
preferred A (quar.)
5% conv. preferred (quar.i
Grant (W. T.) Co., common
3%%
preferred
(quar.i—■_
1
(quar.)
Aircraft
4-
40c
Sugars'
i" U '-i
1
5-
(monthly
4-
2 V2C
(quar.i
4-
4-
"
3-11
•I;
3-22
15c
preferred
iquar. I
Steel Chain Co. (quar.)
7%
(quar.)
Corp.
4-23
6-1
106
3-31
$1.12 %
(quar.)
$5 pfd.
Co.,
4-15
12V2c
Extra
3-15
$$1.50
4%
4-
3-25
75c
(quar.)
(quar.)— —
State
89
3-22
$12 Vic
preferred (quar.)
& Stock Telegraph
(quar.i
1
4-1
?$2"
$50c'.
Co.—
Co.,
preferred
4-1
75c
.
,
3-15
$25c
$2
•
3-22
(quar.)
_
Common
3-15
25c
$4.50
Golden
4-
$$1.25
Ltd
1
40C
(quar.)—
Corp.
Godchaux
1
5-
5-15
.
1
4-
3-25
3-25
2
4-
t5c
--.aVt
j-
3-11
4-15
5c
3;50C
__
3-15
3-15
#
4-15
?25c
-
3-21
.
'A.
1
Paper
(interim)
&
—
Locke
3-22
4-
50c
Corp
Globe-Wernicke,
Gold
(quar.i-
49.
Common
Girdler
4-30
$$1.50-; Ii 4-30
______
(quar.i—
W.)
Paint
Lock
4-10
50c
Refractories Co—
General Time Instruments Coip.—
4-15
t
"
1
$25c
Gillette Safety Razor,
$$1.50
__
5-
62'/2c
4WJ" preferred (quar.)
General Tire it Rubber Co.—
.
3-U
50C
$2
(quar.i-
General
4-15
1
4-
,.
9
<3-21L
3-25
$1.50
(Thomas J.i,
25c
tquar.i
Corp.
3-
1
1
conv.
25c
(quar,)—.
Co. (quar.)
1
"
Carrier
Co.
4-
(quar.)
(quar.i
preferred (quar.)
Inc., 69
pfd. (quar.i.
Joint Pipe Co.,. common (monthly)
$1
Lipton
20c
Co.__
Electric
1
$15c
Westinghouse Co.,
Mills Co. (irreg.)/—
49
preferred
$4.50
4-
Ltd.—
1
3-
3-
1
(irreg.)_
Co.
Power
pfd.
25c
1
Kentucky Natural Gas Co
Fuller (Geo. A.)
Co., 4% pfd. (quar.i—
Gary Railways, Inc.
General American Investors Co., Inc.—
4-
—
Capital Transit Co.
Brewing
4-
Maritime Telegraph & Telpehoiie Co., Ltd.—
Frankfort
$4334C
Investment.
3-
fr
4-
tquar.i
3-11
Ltd.—
Wallace,
Light
$15c
(quar.i
2
3-15-
%
■4-1#:
5c
79
$1.37%
—
$5c
(quar.i
4-
1
3-22
4-.1
v
67 >/2c
(quar.)
Lipe-Rollway Corp., class A
3-28
5-
m
4-1
$1.75
(quar.i____________
$1.25
Inc., $3 class A (quar.)Power Co.—
69
1st preferred
tquar.)
Foster & Kleiser Co., class A pfd. <quar.)_
Fostoria Pressed Steel * Corp
&
Foreiga
4-
$1.12y2
12'/2C
B
$27 %c
—
4-15
50c
Corp. tquar.i
Foothills Oil & Gas, Ltcl (initial)—
Forbes
Co.
$3.50
Machinery
$10c
(increased
Carnation "Co.,
Class
Food
pfd.
3-15
;
62V2c
$2.70
—-
„
4-1
;
25c
15c
Co.
Extra
3-9
3-28
Oil
25c
(interim)
Co., class A
$25C
tquar.i
1
4-15
50c
Ltd.
Aircraft,
General
_
(quar.)——:
preferred
3-18
4-
25c
1
3-30
$20c
.(increased)
preferred
Cannon
/
1
31 »/4c
$1.06%
Canadian
Case
Floisheinr Shoe
Lion
3-30
4-
25c
—
Inc.
Stores,
1
$1.50
(quar. 1
•»-*«»
1
4-
B.
15c
com.
o-^a
4-
•
preferred
Lorillard
(quar.i
Rubber
&
Fleet
3-15
4-
Tire
National
3-19
3-30
4-30
$3
Firestone
3-19
15c
1
Co.—
3-15
3-15
$1
$15c
Co,
1
3-15
2
4-
40c
tquar.)
1
3-30
3-
4-15
20C
Corp.,
Inc.
1
2c
$1.50
'
50c
3-18
3-12
$1.50
Fund,
4-
3-31
3-30
Class
$1.25
Light & Traction Co
Publications, Inc
4-
2-27
6-15
$25c
(initial)
of
—. —
(quar.)
Light
John
Lockheed
Federated
4-
3-11
1
10c
Pennsylvania,
1
7-
$35c
tquar.)
M*
25c
Langendorf United Bakeries, Inc., 6 9
Lehigh & Wilkes-Barre Corp. (quar.i
Liberty Loan Corp., class A
3-15
$$1.25
T—
Co.
4-
1
4-
10c
(quar.i-
Canadian
Players
3-16
$1.12%
Corp
Finance
$2%c
59
8%
Products Co.,
common
3-30
$1.12 V2
tquar.i
5-13
25c1
Lamaque Qold Mines
Lang (John A.) & Sons
3-20
75c
preferred
(quar.i
preferred (quar.i
New
3-20
1
25c
$5.50
Famous
3-18
4-
Ltd.—
Co.
3-12
$25c
preferred
Canadian OH Cos,—
Common
Utilities
Battery
1
$1.75
——
preferred
Storage
$6
1
4-1
35C
Emporium Capwell Co., 79
pfd. ts-a)
Engineers Public Service Co., $5 pfd. tquar.)
4-
$1.75
Industries, Ltd.—
A
(increased*
Common
Household
Electric
Evans
4-
25c
Gas
St.
10c
Sons
25c
Ltd., common
3-13
common
(Wm.i
87 Vic
—
1
(quar.)
A
Filene's
$1.50
(quar.i
4-
Fund-
3-30
$1.25
tirreg.i--
3-18*
$1.50
4-15
$25c
Common
Electric
15c
tquar.i
3-16
3-15
Fund
Ltd.
Co.,
class
Frankenmuth
(quar.)
Canadian
Stock
Corp.,
partic.
20c
common—
1
Ry.
1
4-
3-25
9
tquar.i
—
——
La Crosse Telephone Corp., 6%
Labatt (John), Ltd. (quar.)
3-29
—
i«W.
iquar.)
2-28
4-
tquar.i
5
4-
$1.75
3-15
4-
(quar.i
■)
3-15
25c
—
a.
Corp.
69 ' preferred
1
$1.62 %
75c
Co
Manufacturing
5%
$1.25
Corp.,
(quar.i
General
Elder
1
4-
1
$1 10
is-a)
preferred
Creamery
3-2®
1
1
Co
Co.,
3-15
;
5-
—
preferred
&
preferred
Lake
taccum.i
$25c
tquar.i
Ltd
Celanese,
Ecuadorian
Knudsen
Laclede
•
Balanced
Howard
3-15
3-15
(initial)
Fidelity
15c
preferred
preferred
Howard
&
Federal
Co,
Cm—
"Participating
Eaton
3-29
3-15
Steamship Lines, Inc., com.
preferred tquar.i
&
3-15
1
convertible
$2
Eaton
1-23
$$1.50
Eastern
3-15
4-
15c
convertible
Regular
3-15
3-16
common
Canners,
Canadian
3-15
1
4-
50c
Co.
preferred (quar.i
Participating —
$1,75
3-14
4-
3-20
5%
Canadian
1
3-30
3-31
(quar.)-
preferred
Canadian
3-14
$1.37%
preferred B tquar.i
Cycle & Motor Co., Ltd. tirreg.i
Dry Ginger Ale, common
$4.25
1
3-31
r.on-conv.
Canada
Canada
4-
4-15
Co
H.i
3-16
1
1
•
Street
4ya%
3-18
vi
4-1
$1.75
83/4c
.
6%
1st pfd. iquar.)
& Shinkle Shoe Co.—
79
Co.,
Kidde
1
3-36
Ltd.—
—
(Walter)
Knapp-Monarch
.
■A9ti
4-
Telephone,
Quarteily
Kaynee Co.,
25c
com.
common
Johnson Stephens
3-26
v
45c
&
3-15
$$1.75
Iron
79
4-30
?75c
25c
.
I s-a I
(s-a)
,.
3-15
4-1
$1.03>/a
Canada,
Engineering
Light Co.,
preferred
tquar.i___
Manufacturing Co.
B
Power
4-
...
of
w.
Royalty,
3-15
4-
6-29
9-30
12-30
20c
Mills, Inc. (quar.)
America (quar.)
of
1
4-
$25c
Malleable
Iowa
4-
(initial!
Steel
Co.
4-1
4-
,
3-30
•
75c
——
Co
&
Hosiery
preferred
30c
tquar.!
Shoe
i/i ciciicu
$$2
pfd.
certificates
Massachusetts
3-16
1
3-20
common
Products,
1
4-
4-15
•
(P.
3-20
4-
3-U
30c
$40c
.79
preferred tquar.iBucyrus Erie Co., common
79 preferred tquar.i
Wheel
3-30
3-30
3-27
8%
o J'j
3-30
4-15
;:y.3- 5
$1.25 fit
dividend
Investors
$1.37%
(quar.)
tquar.)
preferred
4-15
$30c
Eastern
6%
3-14
3-12
tquar.)
(quar.i
Ltd.,
Stock
Investment
tquar.i.
Pa.)
pfd.
(quar.)
Duff-Norton
#
3-14
—$1.25
Co.
Aircraft
Interstate
..■
3-15
(quar.i
&
Co.,
trust
•
3-26
25c
(resumed)
Eastern
15c
Corp.,
Co.,
Voting
4- 1
3-14
$2.50
Ltd
preferred
Common
3-23"
1
$12%C
(quar.i
Co.,
4-
-t32%C
Power
Distillers
preferred
3-20
30C
__
(interim)-—
preferred (quar.i:
Sharpe Manufacturing Co.
(E.
3'/a9
1
75c
iquar.)
prior
Brown &
4-
35C
_______
Oil
5
25c
(quar.i
Power
Columbia
79
5
4-
37 %e
tquar.i--
preferred
4-
1
3-15
tquar.i
com.
Celanese, Ltd.—
deposit
receipts
British Columbia
1
5-
$1.06 %
Corp.
American
Durrell
3-15
5-
$1.50
tquar.i
Corp.
British American Assurance
Brown-Forman
3-30
$1.37 V2
Manufacturing Co. tquar.i
Brillo Manufacturing Co., Inc., common
$2 partic. preferred A (quar.i
3rown
Glass
$1
common
Brass
Cordage,
A
Foundries
Dominion
3-30
Briggs
Class
Dominion
37 %c
(quar.i---
preferred
British
Dome
7
3-15
20c
tquar.i
Industrial Loan
Ltd., 69
7
3-
$1
Bridgeport Brass Co., common
5%9 conv. preferred tquar.i
British
3-
3-30
90c
preferred
Brantford
.
Mines,
3-31
3-31
'
Nickel
International
.
3-15
.
25c
Co.
Inc.
Co.,
1
43 %C
Dominion Tar & Chemical Co.,
tquar.i
Bohn Aluminum
-
Cork
50c
—
Lomb
Beneficial
■
Dodge
f#
3-15
1
3-29
1
5-17
$1.25
preferred. ($100
Kendall
Co
Car
4-
4-
$1.12%
tquar.i-'-
& Sons
$20c
tquar.i
com.
(initiall
B
Beatrice Creamery Co.,
79
Motor
T
3-11
Power
common
Inc. (quar.i
Denver Dry Goods Co., 4'/2%
4V2% preferred tquar.i(Henry 1
79
Jamestown
—
preferred
Sugar
International
(Boston,
Ont.i
?
par)
(quar. i
79 preferred' ($5 pari
(quar.i
;
3-11## International Ocean Telegraph (quar.)
$10c
Records,
Disston
I:
60c
Hosiery Mills, Inc
Long Hook & Eye Co., new
De
•>;
3-15
6-1
^ $1.25
3-16
$5c
(quar.i__
Trust
Davenport
3-14*
3-26
$1
$5.50
Corp.
Cuban-American
1
Co.—
preferred
60c
Zellerbach
1
15c
Cooper-Bessemer Corp., $3 prior pfd. tquar.)
Crown Cork & Seal Co., Inc.
tquar.)
Crown
4-
3-30
;
30c
tquar.)
3-1®
<;.<
common
Indianapolis Power & Light Co.—
.5V4: preferred (qui
Inter City Baking, Ltd.
(quar.i—Interlake Steamship Co._.
3-16
Co.—
&
B
(Reading,
6%%
<Peter),
1
75c
Light
(Toronto,
Baking Co.,
$1.25
Co.,
Co., G% pfd. tquar.i
Optical Co., common
Bros.
Bausch
59
3-15
Cooper
3-15
4-
10c
Corp.,
Co,
3-30
$5.60
—_
Securities
tquar.)
Co.
Gas
Gas
Continental
Diamond
—
59
Steel
2-26
$1
——
preferred
2-26
1
30c
Corp
Investment
Consumers
4-
$1.50
tquar.i
Refining
preferred
Butler
1
3-30
12V2c
Co
preferred A (quar.i
Avery ,(B. F.) & Sons Co.. 6%
pfd. tquar.i
Baker (J. T.i Chemical, 5%9
pfd. tquar.iBaldwin Co., 69
preferred A
Budd
4-
$1.50
,
Bnrce
$1.73
1
3-
!
3-11
:
10c
v
Indiana ti Michigan Electric Co.—
4V»% preferred tquar.)
Interstate
tquar.)
(irreg.)
3-20
3-
y
3-22
75c
preferred
4Va9
preferred C
Consolidated
50c
___—
(quar.i
Investment
preferred
$3.60
$5
3-20
3-20
^
1
;;
3-15
'
Imperial Paper & Color Corp
Incorpoiated Investors
.
:
1
$1.75
Corp.-
Coke
&
$ 10c
Ltd.
Corp.,
Atlantic
59
1
3-15
3-26
1
1
"
3-11
4-
3-23
44-
$1.50
common
tquar.)
3-30
'
3- 5
3-15
50c
tqixar.)
preferred
Co.—
(quar.)..
Gas, Electric
Consolidated
25c
Extra
49
4%
20c
tquar.i
Gas
Western
Associates
49
3-20
Works & Electric Co., Inc.—
preferred
Asbestos
59
4-
2
4-
1
$1.75
__
tquar.i—,
Water
1st
Arkansas
3-15
4-10
4-
$1.50
pfd. 1 quar.i
(monthlyI
new t initial »_
Corp.
Snuff
American
1
4-
25c
$1.50
American
Co.,
3-15
$1.50
tquar.i
Products
3-
4-15
12 %C
tquar.i
com.
tquar.i
Rubber Co.. 7'<
preferred
1
3-15
preferred
preferred
4-
$1 #
preferred
(Baltimore),
Consumers
—
tquar.i
Manufacturing Co.,
$6
J.)
tquar.i
American
69
(N.
preferred
Hard
American Home
$3
Consolidated
3-20
$1.25
Felt Co.,
preferred
American
3-21
$1.25
Growers
&
1
5'>
3-25
62 %c
,—i.l
Gas
Connecticut
3-20
3-28
,;vs 59
75c
Alcohols, Ltd., common tquar.)
8%
preferred
tquar.)
Commercial Shearing & Stamping Co.—
1
4-15
25c
(quar.f
(quar.i
Express
American
3-
1
4-
$1
Co.
Iron
&
Corp.,
preferred (quar.)
Huttig Sash & Door Co.,
5%
preferred tquar.)
3-11
30c
—————
Fuel
Mass)
Y.i
Electric
&
Fibre
69
3-U
'*■'
$1
Commercial
Inc.—
Cos.,
(quar.i
preferred
,3- 1
4-20
4-
40c
Corp.--:
Leather
(accum.i
Alliance insurance iN.
American
3-15
2%C
(quar.i—___
preferred
American
3-15
.19:9
6-1
9
3-2®
3- a
50c
—
preferred
(quar.)-.,
Molybdenum Co. .(quar.)—.
Climax
1
3-
3-15
15c
A
(irreg.1
&
Stores
Amalgamated
6%
15c
30c
class
Law,
_____
preferred
3-15
1
3-11
Hummel-Ross
59
■
3-
3-15
3iy4c
1
1_".
Co^ of Hawaii. Ltd—
■3-1.1.
$1
Chicago Towel Co., common
$7 preferred (quar.)
Irregular
4-
$2.50
<s-a)_
Frank-Guenther
Class
0/ Rtc.
Payable
4^'IvS;:
50c
Chicago Mill & Lumber Co. (quar.i
Chicago Pneumatic Tool Co., $3 pfd, (quar.)
$2.50
preferred
(quar.)
Youngstown RR. Co.—
preferred
Albert
*
&
Holder*
2-28
1
3- *
1
4-1
25c
tquar.)——.
(quar.)—
J
CO.
(quar.) —'—:
Furnace
Home Insurance
I'm 3-20
4
$2
Colorado
When
Per
4-
$1.25
—
.Coca-Cola
Industrial and Miscellaneous Companies
1
Holland
,
Products Corp.—
6% prior preferred
Chapman Valve Manufacturing Co. (quar.)
Chicago Daily News, Inc., 5% preferredChicago Dock & Canal (quar.)
common
of Km.
1
4-
$1.75
.
'
3-20.
4-
B
preferred
59
4-
4-
—
current week.
Class
3-20
3-
:.:v
-
we
3-18
4-1
32%c
———
UdOtem
4-
(quar./—
'
Hercules Motqrs Corp. ' tquar,!,.±;—V
Hickok. Oil Corp.; class A common (quar.)
' 25c
3-15
1
Payable
(George W;> Co., common,
preferred (quar.:) -v—
79
•
Common/•■% quar.
Certain-teed
first
3-15
r
—
Dividends
"
4-1
Where
Share
Name of Company
—
Quarterly
1036v
•1036
§In Volume 162.
tin Volume 161.
issue,
this
Per
Payable
Helme
tquar.i
preferred
Central
:
34-year 3%% debenture bonds due Oct. I, 1970—-Apr
1
35-year 3%% debenture bonds due May 1, 1971—-May 1
Vnited Air Lines, Inc., 4%% cumul. conv. pfd. stock—Apr
1
Universal Laboratories, Inc., pieferred stock
Mar 30
Utica Knitting Co., 5% class A preferred stock
-Apr
1
Walworth Co., 6% preferred stock-—-——
—Apr
1
Wilmington & Northern BE. 49 gold stock trust ctfs.-Mar 29
"Announcement in
Common
##■#;:#;•:;# ###*■
bonds, series A, due 2022——July 1,'47 * 32490
—
Holder*
wn*«
Share
Centraf Fibre Products Co.. Inc.—
,
-Apr
—
'
Name of Company
■WMffr.'
Co,—
Per
•
Page
Date
Company and Issue—
Collat. trust
Mf^<Jt(W^'MWi!ifcl-f VW!WVtifif .jjjl
tlWf#
-,,
70c
4-
i
3-15
3-14
3-21
3-15
3-15
3-18
3-15
$1.25
4-: 1":
3-15
:10C
3-29'
3-15
,
COMMERCIAL & FINANCIAL CHRONiCLE
THE
When
Pennsylvania Telephone Corp.—-
Universal
$2.10 preferred (quar.)
A-.
Peoples- Telephone Corp. (quar.) —
Pepsi-Cola Co. (quar.)
Utah-Idaho
Petroleum
Exploration
Co.,
Inc.
60c class
(qoar.)~_
Philadelphia Dairy Products Co., Inc.—
3-20
'1; 14.50 1st preferred (quar.).
'f&. $1 2nd preferred J tquar.).—
3-20
Insurance Co.
Pittsfield
Coal
Pittsburgh
Plate
preferred
50C
Co.
Glass
preferred
preferred
preferred
5%
Public
",.,$6
Service
preferred
57c
$1.50
_____
$1.50
Richman
Rieke
Metal
Riverside
Products
Dan
&
Cotton
20c
Mills,
4-28
1
1-
75c
1
3-21
ClAss
-
B
150c
4-
$50c
participating A
$1.75
(quar.)
common
Bobbins b Myers, Inc.—
$1.50 partic.
preferred
Robertson
L.)
(P.
Common
(accum.)
(increased
T7o
Co.:
&
Wisei*
Oil
Co.
Yates-American
Machine
pfd.
Ltd.
W.)
67c
Cab,
3-20
4-
3c
4-
1
3-11
_____
$1.50
$20c
4-
1
3-
common._
10c
pfd._
12'/2c
4-
2
3-25
(initial quaf.).
37 %c
5-
1
4-20
being given in thi
Companies
2-28
3-11
20c
Laboratories,
Extra
4-
$$1.37%
1
3-23
4 7c
preferred
Acadia
1
Share
1
3-15
1
'3T-T5
6
3-29
$1
Calif.)__
Seiberiing Rubber Co.___
Sharp <fc Dohme, Inc._.
Sheep Creek Gold Mines, Ltd. (quar.)
Manufacturing
Corp..
Sheilmar Products, common
1
3-11
3-15
3-27
25c
,
3-15
4-
25c
3-
8
4-15
4-
1
Barber Asphalt, Corp.; (quar.
Barber-Ellis Co. of Canada
3-15
Casualty
Surety
&
3-29
3-19
Co.
(quar.)
3%c
4-15
3-30
$25c
4-30
3-30
$$1.50
4-20
3-30
(quar.)
Cb.___
1
3-12
25c
3-20
3-
6
12%c
3-15
3-
5
100%
3-15
3-
1
Ccmmon__:,._________
25c
3-25
3-18
$1.50
Southern New England Telephone Co.
iquarZj"
Southern Railway Co. M. & O. Stock Trust
4-15
3-30
i
$2
4-
1
3-15
50c
Lines____I~
4-
1
3-15li'
$1.50
4-
$1.50
3-15
3-
20C
3-15
2-28
50c
(quar.)
3-30
3-18
SpraguC Electric Co._______
Square D Co. ; (quar.)iLi
1
3-15
5
Corp.—"
(quar.)__
75c
4-
4-
+$2
1
3-
1
1
3-
1
3-15
3-
3-31
3-23
1
3-20
4-
1
2-28
1
3-15
$1.50
4-
1
3-
2
$1.75
4-
1
3-
2
preferred (quar.)*
Vicksburg Ry. Co. (s-a)„:
Ludlum Steel Corp
Allen Electric & Equipment Co. (quar.)
Alexander & Baldwin. Ltd. (quar.)
$1.50
4-
1
3-U
$3
4-
1
50c
Allied
$1.50
preferred
Aluminum Co. of Canada. 5'c pfd. (accum.)
Aluminum Goods Manufacturing (quar.)
American
Bakeries
American
Bank
Life
Assurance
American
Can
Co.,
(quar.)I"I
7V2c
7%c
quar.)
3-16
4-
1
1
3-15
25c
3-20
3-
9
•
31 %C
5-15
5-
4
4-
1
3-18
.211
$1.13
4-
1
3-18
15C '
__
4-
1
3-15
4-
1
3-
Bloch
$$1.25
:
Tool.'
5-
1
4-
1
3-15'
Bobbs-Merrill
3-15
2-21
Bohack
75c
4-
1
3-21
Bond
30c
3-28
3-14
■;•.
Instrument
Taylor
Milling
Teck-Hughes
Corp.
Gold
$2.75
class
A
1
3-14
15c
4-
3-
5
3-15
3-
$1
3-15
3-
1
$1.20
3-15
3-
2
$1.50
3-30
3-15
$1.25
5
Light Corp.—
div. series)
share
68%c
4-
3-
1
9
25c
3-15
33-
1
Metal
Mfg. Co.,
Aircraft
United
Y.)
S.
S.
(quar.)"!!!
S.
Plywood
Inc.
3-23
4-
common
4- 1
?
Corp.,
common
preferred
(guar.) _T'
(quar.)
2
1
American
3-12
3-22
3-12
6 7c
Hide
&
convertible
American
Ice
SS.
3-22
American Insurance
5-
1
4-15
Americin
4-15
3-30
American
K
25c '
50C
20c-
(quar.)___..I
15C
preferred
new
1
3-16
American
1
3-16
4-10
American Machine &
Metals, inrv
American Meter Co., lnc._
3-20
American
3-20
American. Optical Cb.'< quar.
American Paper Go0ds» 17c
4*20
IA 4-
1
:
1
4-
3-15
;
3-
8
News
Co.
&
2-11
3-30
3-20
3-30
3-20
3-30
3-25
4-25
4-15
$1.75
4-
1
3-20
$1.12%
4-
1
3-20
S3.50
35c
$1.12.%
3-12
3-
3-12
3 -A
1
3-18
4-
1
3-19
3-30
2-28
1
3-
9
50c
3-20
3-
8
3-30
3-
1
4-
4-
4-
37%c
(quar.)
& Pov/er Co., Ltd.—
3-30
1
3-15
*,
4-
$$1.50
3-11
3-
$50c
Distillers
(Vancouver)
5-20
4-19
—
$20c
5-20
4-19
62%c
35c
Extra
(quar.)
3-11
2-2$;
3-30
3-15
2-26
5
2-26
4-
5
2-26
4-
5
2-26
4CC
Brass Corp.
1
Note
(quar.)
8
5
3- 2
3-14
4-15
4-15
3-
5
4-
1
4-
•'
1
25c
4-
1
3-
1
4-
1
3-
1,-
50c
3-11
3-
If
35C
20C
;____
25c
.
44-
I
Quarterly
Ordinary
bearer
(s-a)
7d
lOd
7d
2% %
$$1
3-15
10c
$1.02
3-15
2-28
4-30
4-19
$20c
3-15
2-15
25c
$1.25
20c
3-15
preferred (quar.)
Buckeye Pipe Line Co
Bucyrus-Erie Co., common—
77c preferred (quar.)
15c
$1.75
Columbia
(increased)
Packers
<E. & G.) Iron Co.
Brown Shoe Co., InC. $3.60 pfd.
Brooke
,
(initial)—
Silk Mills, Ltd.—
Brunswick-Balke-Collender Co., com. (quar.)
$5
3-15
35c
3-12
4-
$1.75
1
3-15
Bulcva
3-
3-30
50c
;
3-13*
2-28
1
3-11
Burd
9
Buffald
Bolt
Watch
Co.,
Piston Ring
;
Inc.
Cb.
(quar.)_
(quar.).:
2-21
S
Burlington
3-2
A'
1
British-American Tobacco Co.,
(quar.)
Bullard Company
3-13*
,
4
Co., Ltd.—
5—preferred bearer
3-
3-14
$1.50
preferred
American Bank
British
British
3-15
75c
(quar.)
3-
3-15
4-
Light
Gas
2-20
2-18
2-28
$1.50
(quar.)^
1
40c
Corporations
4-
3-U
3-15
$1.75
pfd.
3-9
3-30
$1.50
(quar.)
1
2-15
1
(bi-monthly)
1
50c
Ltd.—
(final)
Ordinary registered
(interim)
Ordinary registered (final)
Houston
Foundry
1
5
common
4-
Machine
3-11
25c
37%c
$1.50
4-
(quar.)_.
!, 4-
-
3-
3-15
2-18
(quar.)
3-30
preferred
Sons
Brewing Corp. of America
Bruck
4-15
7%
3-12
3-15
„
4-
1
3-15
Bush
Steel Co., Ltd. (quav.)
Terminal Bidgs., 1% pfd. (accum.)—
3-15
Bush
Terminal
3- 5
Butler Water Co., 17c
Co., 6 7
pfd. (Guar.)
preferred (quar;)____
12%C.
50c
37%c
3-
1
3-20
2-21
1
3-
8
4-
1
3-
8
3-11
2-28
3-30
3-
6
v 75c
3-15
3-
I:,1
JU5c
3-28
3-20
,
12%c
$1.50
$1.75
2-28
4-
•
Co.,
(quar.)
1
3-
3-29
$25c
3-15
3-U
(Newark, N. J.) (s-a)
Locomotive
3-15
4-
75c
Machinery
3-15
1
4-15
1
10C
Laundry
1
4-
93%c
5
4-
;:.:Extrtt
-
$1.12%
67c
4-
3-
(quar.)_
preferred
(initial)
2-21
2-20
$1.75
67c
3-20
1
Bristol-Myers Corp.—
3%% participating
Co
preferred
&
preferred
&
3-20
l
4-
40c
(quar.)
Brazilian Traction Light
67c
2-25
4-
$2
$1.25
RR.
Ry.
Brandon Corp., class A
Breeze
.1
1
Leather—
Co.,
J.)
3-16
3-
3-15
Bearing Co
Brager-Eisenberg Co. (quar.)
<E.
i:1!
75c
75c
$1.75
$1.50
$1.75
Bower Roller
Brach
1
4
25C
American Hawaiian
2-28
3-15
(quar.)
3-15
1
4-11
3-15
25c
Co.
4-
8
75c
$1.18%
Insurance
3-20
Uv
3-22
.
Texas)
General
2-28
50c
$1.50
(quar.)
3- 5
U.18% ;
3-
American
preferred
3-15
$1.75
.
Co., Inc.
3-15
4*A7o
3-29
32c
I
iquar.)_
Wire
4-
9
1
Bristol
$1.50
& Foreign Power
Co., Inc.—
preferred (accum.)
preferred (accum.)_r
American Fork & Hoe, common
American Gas & Electric, common
4-
Briggs & Stratton Corp
American
25C
Z~~
(quar.)
preferred
1
5
3-
3-'5
12 %C
Ffcit Co., common
preferred (quar.)—
50C
(quar.)
(quar.)
3-
3-7
15c
(quar.)___„_
4Va 7c
&
25c
$1.50
4
United Steel
4-23
25C
preferred
3/47c
3-
1 *'
$1
(quar.)
^
Gypsum Co.,
7%
17,
■
9
$8
_
Fidelity & Guaranty Co.
Extra1
U.
Products.
36-
40C
____
(N.
$7
10c
Cigar-Whelan Stores Corp.—
prior preferred (ouar.)__
$1.25
U.
r
(quar.)
(resumed)
common
$6
2-28
1
1
4
3-
1
3-15
44-
3-14
2-28
9
3-15
3-
3-15
3-15
3-15
1
3-15
3-
1
1
1
50c
3-
2-28
4-
4-
4-
30C
1
3-15
3-15
4-
3-
4-
3-15
4-
1
3-15
3-15
t
25C
3-13
3-20
3-1
1
$1.50
50c
67c
2-28
3-15
4-
Bridgeport
Export Lines. Inc. (quar.)
American
Factors, Ltd.
(quar.)
$5c
pfd.
$6
preferred (quar,)
Union Twist Drill (quar.)
United
4
3-15
10c
1
3-15
3-
$24.75
(interim)
pfd. <quar.)___I
Temple Coal Co., $6 conv.
Tennessee Products Corp.,
Texas Electric Railway Co.
Union
3-
Albany
Annual
56 %c
%; preferred
(quar.)—
(quar.)
conv.
Brewers
Colortype Co., com. (increased)__
(quar.)
American Crystal Sugar, 67c pfd. (quar.)__
American Cyanamid Co., common
(quar.)
57c preferred (quar.)___
4 Vz
9
22 %c
(quar.)
common
4-
(quar.)
(opt.
Inc.,
$1.75
American
25C
,
(liquidating)
Mines
Torrington • Co.' :(quiaf
Underwriters Trust Co.
3-16*
Stores,
4,/2'^>
Elevated
3-15
3-15
2-28
$1.50
40c
5c
1st pfd. (accum.)
&
(quar.)_
—
7'r preferred (quar.)
4%'»
pfd.
(quar.)
Co..
Boston
50c
3-15
3-9
(Sidney).
Boston
common
1
3-11
3-30
Inc
3-15
Cable,
4-
1
25c
(quar.)
preferred
67c
(H. C.), 17c
American Cities Power &
50c
r~~'
linitial)I~~Z:IZ
Cos.
1
3-15
Blumenthal
Co.,
Bros.,.
20c
6%. preferred (quar.)
25c
Tqlofl, Inc.
Taylor
4.-
%c
Tobacco
15c
3-21
3-11
3-
Co.
Bloomingdale
1
1
1
50c
Bliss & Laughlin, Inc., common
57c convertible preferred (quar.)
3-U
American
Canada—
Blaw-Knox
2-20
(quar.)—_
44-
15c
& Decker Mfg. Co.
Blackhawk Brewing Co
1
3-15
4-
13%c
(quar.)
1
Black
3-11
<quar.)„
4-
$1.75
45c
3-23
(quar.)_
8
4-
American Cigarette & Cigar, common (quar.)
4-
preferred
3-12*
American
87 %c
$7
3-12*
preferred
1
5
4-
2-15
Corp., !'■
pfd. (quar.)__
Birmingham Electric, $6 pfd. (quar.)
4
3
3-
$1.25
3-15
Steel
1
9-16
12-16
Bethlehem
3-
4-
1
4-15
(quarj
1
6-15
12-31
preferred
3-
3-14*
1
3-
3-15
j—__
Cement
1
17c
Co.
67c
&
3-20
8
1
4-
Corp.—
4-
3-15
Chicle
Limestone
3-15
4-
3-
4-
$10c
Corp.
Brewing
4-
3-30
5J$> preferred
Aviation
Bessemer
3-20
9
3-15
$25c
$$2
(interim)
1
4-
2-26
Tr—
Mines
4-
casualty (Reading Pa.)
Chain &
Bendix
Quebec
75c
9-30
American
8
2-28
1
$1
$81
$$1.75
Telephone of Canada (quar.)
50c
6-29
37
Machine
iOc
3-30
3-20
4-
3-11
$17%c
25c
3-15
$$3.75
Sunstrand
3-15
3-11
50c
(quar.)
(quar.)
3-15
$1.25
of
37%C
25c
25c
75c
30c
25c
2-13
2-21
50c
$50c
Birmingham Water Works Co.—
67c
preferred (quar.)
40c
(quar.)__
3-30
common
Co.
3-18
3-13
$1
(initial)
57c. preferred
Bell
common.
Co.
Note,
preferred
3-
American
Sun
3-13
3-30
20c
preferred
Borg-Warner Corp.
$1.25
•
2-11
(quar.)
3-U
«50c
Industries, Inc. (quar.)
Amalgamated,Leather, 6fi conv. pfd. (quar.)
American Agricultural Chemical (quar.)
$1.25
I""""
$1.25; preferred (qukr.)
4
Belgium Glove & Hosiery, Ltd.—
$1.50
(quar.)
1
1
3-15
Ties
50c
Laboratories, Inc
Products Corp. (quar.)
Allis Chalmers Manufacturing Co. <quar.)__
Aluminum Co. of America, Common (quar.)
Allied
1
3-15
3-25
$50c
25c
Chemical, & Dye Corp. (quar.)
3-
$1.37%
3-30
2%c
3-
3-15
3-
(quar.)
Corp.
Berghoff
40c
$1.25
$125
<quar.)__
1
—
67c
3-20
3-20
3-15
40c
Packing Co. (quar.)
Belding-Corticelli, Ltd., common (quar.)
Tjc preferred (quar.)
Belleterre
Alabama &
1
1
25c
!2V2C
(quar.)
(quar.)
Creek RR. Co.
Common
1
12 %C
common
common...
44-
4-
American
(quar.)__
1
75c
6'v
Fuel
common
3-
Aluminum
|Sf S6 preferred (quar.J:1
(initial
3-15
$$1.75
67c
Southwestern Associated Telephone Co.—
(quar.):
(quar.)i
Beech
$1.25
(quar.)
3-11
4-
4-
$1.06V4
—
—
Beech-Nut
25c
Power, $6 preferred
preferred (quar.)
3-29
$12V2C
$12V2C
(quar.)
increased)
1
Brummel
1
1
30c
17c
preferred
(quar.)
Agricultural Insurance (Watertown, N. Y.)
Quarterly
^
Allied
(N. C.)—
Beau
B
3-
Allegheny
4-
Class
3-
(quar.)
3-11
3-12
Bayuk Cigars, Inc. (increased )
Beatty Brds., Ltd.:, Clas*- A (interim)
3-15
Co.—
preferred (quar.):
Agnew-Surpass Shoe Stores, Ltd.—
$7
$5.50 preferred
Iron Works
3-15
(quar.)
Engineering
1
:>
Bath
62'/2c
Co
57o
Insurance
6-22
6-22
3-30
25c
——.
4-
Aetna
3-15
5
1
j
3-20
Common
4
(increased)-—
Y.)
3-15
3-15
3-
,{N.
4-10
____
,
3-15
2-28
Co.
3-30
4-
12%c
31 %C
Mfg. Co. (quar.)__
1
50c
A
3-80
Trust
20c
(J. D.J
4-
Quarterly
Corp.,
Bankers
40c
1
7-5
7-
$1.50
(quar.)—
preferred
17c preferred (quar,)
8
Addressograph-Multigraph Corp.
25c
Aero Supply Mfg. Co., class A (quar.)
37V2C
Aetna Ball & Roller Bearing, common.^.—J11'
I5c
5f!o convertible preferred (quar.)
25c
Aerovox
12»/2c
Coil), (quar.)
3-30
1
67c
3-
2-15
Life
3-15
Manufacturing Co. (quar.)
Bangor & Aroostook RR.. $5 pfd. (quar.)__
Bangor, Hydro-Electric Co.—
1
(quar.)
Standard
4-
(Hartford) (quar.)
4-
Preferred
Aetna
25c
(quar.)
2-15
Aetna
•
preferred
of Ree.
Alarm
Fire
1
Alabama
Pfd.
—
4-
3-30
$$1.25
(Howard) Paper Mills, com. (quar.)_
17c
preferred
(quar.)
Smith (L. C.) & Corona Typewriters, Inc.—
Corp.,
Refining Co, (quar.)
Atlas Corp.,.common (s-a)
6 7c preferred
Atlas
Powder
Co.___
2-20
3-18
4c
Smith
preferred
Atlantic
Extra
(quar.)
Adam Hat Stores, Inc., common
9,
5*
3-15
$1
3-30
Ltd.—
Co.
4-
3-
1
4-
RR
Line.
3-12
Steel
25c
preferred
Co.;
Ccast
Basic Refractories
Acme
3-
4-
$1.50
__c
Bastian-Blessing Co., common
39c
f^l!n5 £rugl lnc->"0Va7c
Atlantic
(quar.)
(quar.)_
pfd.
3-10
4-15
Signal Royalties Co., class A (quar.)
SilVertfood Western
Dairies, Ltd.—
preferred
Holden
Payable
t25c
$$1.25
3-20
10c
Refining,-
2-20
3-2SI
Brewing & Malting
5%
&
1
7%c
(initial)
preferred
,—
Oil
3-15
$3c
Sheller
preferred
(quar.)
conv.
$1
(quar.)
Atlantic Sugar Refineries,
(quar.)
preferred
(quar.)
4-
5%
$6
pfd.
67c
15c
(quar.)_
common
1
3-20
,
(quar.)
40c
:
4-
5 7c
Wnen
Per
Name of Company
$1.75
Chemical
prior preferred (accum.)
Armstrong Cork Co., common (interim.)—
Arnold Constable
Corp
preferred
3-19
Abbott
3-20
4-
3-15
1-31
3-
Miscellaneous
1
3-15
7
21%
67c
Arkansas Natural Gas,
Co. (111.) —
3-U
$1.50
Corp.,
3-15
4-
Armour &
1
1
Stecher-Traung Lithograph
%, 57c, preferred (quar.)
4-15
3-30
3-11
'
preferred
Co., Ltd.—
preferred
(accum.),
$2.50
$2.25
81.37%
3-11
3-30
3-11
1
1
Adams
participating
1
3-30
15c
2-28
4-
4-
3-15
pfd.
3-
15c
3-11
4-
$1.06
3-15
Pipe
3-13
3-
1
(interim)..
Co.—*
IbdUstr&l and
1
(quar.)
Simplicity Pattern Co., Inc.—
5%% convertible preferred
1
25c
til
3-15
3-19
1
(quar.)'
(quar.)ii
5*
3-
(quar.)—
(quar.)
1
4-
Standard Fruit & Steamship
Smelting Co.
4-
15c
5*
3-
$1.25
99%c
—
(quar.)
3-15
10c
$1.12»/2
^___
8
3-
3-13
(quar.)__
;
—
Inc., common
$5 preferred (quar.)—
_
Arizona Power Co., $3.75 preferred
Arkansas Fuel Oil Co.—
4-
4-
$4.50
3-
2-16
,75c
$2.25
10c
50c
25c
$1.75
25c
25c
com.
Arizona Edison Co.,-.
$$1.75
25c
$1.25
5c
Sun
1
1
2
Axelson
40c
Wells
4-
Apex
Automobile Insurance Co'.
Manufacturing Co. (reduced)
Corp. General, common
conv.,
3-25
Automatic
Securities
55c
1
3-15
Scovill
StrUthers
3-11
4-
$25c
4V27c
3-15
$2
3-15
3-16
Engine
9
Manufacturing Co.,
prior preferred (quar.)
77c
3-20
2-28
2
$2
Mining Co
Cooper
Apex Elec.
3-30
1
Sterling
8
3-30
4-
6%%
Anaconda
3-15
announced this week, these
25c
$3
3-U
3-
3-28
4-
:
dends
3-16
Standard
3-15
Amoskeag Co., common (s-a)——
$4.50 preferred (s-a)
Ampco Metal, Inc. (year-end)
1
3-16
3-15
75c
3-
3-15
1
3-15
3-30
25c
3-20
4-
3-15
6-
3-30
4-
(accum.)—
3-15
preceding table.
1
Spa'rks-Withington Co.; 67c
pfd.
4-1
$1
1
3-15
4-
Wringer Co._l.-_—
Extra
7-
$1.50
pfd. (quar,)—
30c
25c
3-15
4-19
87V2c
67c
7%
$1.2,5
5
1
J
CO.—
(quar.)
American Tobacco Co.,
American Woolen
Co.,
3-13
4-
Pennsylvania
Bottle
3-15
$25c
Semi-annual
Thermos
3-15
Mines, Ltd. (Incrd. quar.)
Ltd. (quar.)__
Southern Fire Insurance Go.
Stock
dividend
Superpower, $6 1st pfd. (accum.)
Telephone b Telegraph (quar.)_
(quar.)—
American
3-22
4-
—-
________
1
3-
Corp.
Extra
3-29
(initial
Manufacturing
American Sugar Refining Co
American Sumatra Tobacco (quar.)
i40c
pid.
(quar.)
(quar.)
4- .1
Co., Ltd.—
preferred
Co.
(quar.)—
7preferred
Below we give the dividends announced lit previous
weeks and not yet paid.
The list does not include divi¬
6
West
4-16
Foundries
preferred
Ashland
4-
-
3-18
5-15
5
1
Antonio Gold
South
3-18
3-30
25c
5
$10c
.
1
$1.50
(quar ).
(F.
57c
SoSs
Stores
$1.75
Common
Snap-On-Tools
Steel
American
4-
$$1.75
:
3-22
Seattle
American
3-15
1
17c
—
(George), Ltd. (quar.)
Bauriier Candle Co., rnc.,
3-22
SiCk's
3-19
4-
(quar.).
15c
(quar.)
(Los Angeles,
Steamship
3-30
20c
—
Insurance
Life
4-15
4'7476
American
3-15
4-15
Security Co,
1
4-15
$75c
preferred
4-
$$i.7$
$25c
$6
4-15
3-15
Sarigamo Electric Cd,____
v
$1.25
3-15
(quar.)
W* & Preferred
6
4-15
(quar.)_
Co.,
3-
4-15
3-
4-
20c
preferred
Sangamo
3-11
22«/2c
4-15
15c
64c
SI
12%c
S2
50c
25c
$1.75
$1.75
25c
$3
$$2
3-
3-20
quar.)___
St. Lawrence Paper Mills, 67<>
■/
50c
Service Co.,
$1.12%
(quar.)___
St. Lawrence Corp.—
:7 47c
class A convertible preferred
;
American
$75c
3-15
1
50c
pfd. participating
Ship Building Co.—
American Stamping Co. (irreg.)____—
;
3-15
4-
quar.)
St. Helens Pulp & Paper Co.__
St.' Johns Dry Dock & Shipbuilding—
Sail
American
3-18
3-30
WoolWorth
$62 %c
—
(quar.)
Inc. (quar.)
preferred
5V*7c
3-18
1
83V3C
3-13
2
$50C
preferred
(quar.)
Rochester Telephone Corp.
(quar.)
4%%preferred A
(quar.)
Rome Cable Corp.
(quar.)
Russell Industries, Ltd.—
•
1
4-
Common
$2.50
preferred
Sstfeway Stores,
57c preferred
Saguenay Power
4-
2-15
3-15
(quar.).
American Seal-Kap Corp. of Del.
Mfg. Co., Ltd.—
(quar.)
Common
15c
9
4-15
Co
Americah
Yellow
preferred
1
Screw
American
3-26
Extra
Riverside Silk Mills, Ltd.—
$2
15c
4-
5
4-1
87c. preferred (quar.)
Wilsil, Ltd.
(quar.)__
Wisconsin Michigan Power Co.,
4Vi7c preferred (qu&r.)—
Inc.—
—-
3-16
$$1.20
(quar.)
2-21
25c
American Thermometer, $5.50 pfd.
Will
_
River
Increased L:*
3-
3-26
American
1
4-
3-14
American
preferred
2-28
3-30
—
3-18
,
3-
3-20
1P<?
$1.12%
common-
(quar.»
American Safety Razor Corp.
3-U
i.—
3-11
3-20
&0c
Mill,
4-16
4-
3-30
(accum.)
4%preferred
4-15
Weston
Co
Brothers
pid.
3-28
1
10c
Rolling
Tc
25c
37VssC
________
American
3-20
Service
$1.75
4-
(quar.)
3-20
3-30
$1.37%"*
Corp.—
57c. preferred <quar.)_
Westgate Greenland. Oil Co.
(quar.)
Westmoreland Coal Co. (quar.)
Westmoreland, Inc., (Ouar.)__
Westmoreland Water CO., $6 pfd. <qUar.)__
3-30
50c
Co.
3-30
35c
30c
preferred
3-11
1
Radiator & Standard Sanitary—
$1.1272
25C
(quar.)
Insurance
Public
American
Western Tablet & Stationery
3-30
25C
American
(increased).
17c
4-25
$1.25
1
3-20
3-15
4-
5-15
Extra
1
<quar.)__
non-eurii. preferred (quar.)
57c
30c
preferred
4Vi7<t
4-25
<quar.)___
3-
(accum.)—
87'/2c
£0,,, 6'c preferred
Baking to., common
preferred (quar,)—
Washington Oil Co. (quar.)
Weatherhead Co., $5 preferred
(quar.)
Wellington Fund, Inc.—'
Wells Fargo & Co., V/iVo coriv. pfd. (s-a)__
West Kootenay, Power, & Light Co., Ltd.—
7 7o
preferred (quaf.)
West Penn Electric Co., class A (quar.)
67« preferred iquat.)_
Western
4-
25c
2-28
1
4-
'
President Lines—
(quar.)
Westerfi Assurance Co. (Toronto) (s-a)___
Western Condensing, 57c
preferred A
Westerh GrOcefs, Ltd., common
1
4-20
87 %C
(quar.)
preferred
American
1
Ltd
<quar.)
West Penn Power Co., common
!:&
15C
(lrreg.)__
574, preferred
Co.. (quAr.)
conv(i preferred
Island
5
1:1
$1.25
___
Reliable Stores Corp.—
Common (increased quar.)
Rhode
4-
41%C
.
Car,
Bit
3-
Hampshire—
__
Corp. Of America;—
cony. 1st preferred
Roller
3-25
1
3-15
50c
;i
$3.50
Reed
4-
58%C
J
RafttfAy Equipment b Realty Co., Ltd., com.
Ralstort Steel
3-15
3-15
50c
Walworth
17c
______
New
of
preferred, (quar.)
1st
3-15
1
H
preferred- (qudr.j_
Putnam (George) Fund of Boston
6'c
1
4-
30c
$5
Radio
4-
Colorado—
(monthly)
(monthly)
(monthly)
Co.
4-20
3-11
4-
3-22
$$1.25
—
(quar.)—_
Laundry Co.
<quar.)
176
3-11
10C
(quar.)
7$:<4% preferred
6\<>
1
15C
Manufacturing Co.
Port Huron Sulphite b Paper Co.—
Public Service Co. of
3-16
50c
(quar.)
-
Plume b Atwood
Progress
3-23
20C
(initial)—
Pittsburgh Screw & Bolt Corp.
Plough, Inc. (quar.ji __r__
3-15
3-29
10c
Ward
1
4-
$1
(quar.)
3-15
1
3-30
$1.31 %
(quar.)__
5'/# 7*
(Hartford)
Co.
Gas
4-
62 %C
^ 5%
Phoenix
Agricultural'
15c
4-
SI.25
$4.75
American Power & Light, $5 pid. (accum.)__
$6
A
of Rec.
$1.25
$1.50
Name of Company
3-16
3-30
HoUUri1
Payable
Share
of Bee,
Co.—
preferred (quay.)
Utah Oil Refining Co.
(quar.)
Veeder-Root, Inc.
Viau, Ltd., 57( preferred (quar.)
Victor Chemical
Works, com. (increased).
Vklt preferred (initial quar.V__
.
W J R The Goodwill Station, Inc.
(qUaf.)__
Waialua
Philadelphia Suburban Transportation—
Steel
Sugar
—
Extra
preferred (quar.)
Phillips Packing Co., Inc.,
Cyclops
When
Per
Holdere
Pavable
name oi company
Monday; Marfcii 11, 1946
,
3-15
li
3-15
4-
3-15
9
3-11
3-
1
'
,j».u
Volume 163
Number 4471
1337
Per
*VV '
:
;
Share
' Name of Company
When
Holier 1
Payable
of
shares
20
Byrndun
partic.
preferred Class A (s-a).
5% partic. pfd. Class A (stock dividend).
V, One share of Hat C?rp. of America
Class
B
for
stock
common
$2.50
partic.
2nd preferred
I. T. Financial
$7
C.
3-
7
Quarterly
3-
7
Quarter.V'i-------r—-—
sT.io
3-25
3-25
3-
7
3- 7
.
(quar.)
50C
4-
1
3-
9s
+5C
4-16
3-
9*
50c
3-15
3-
5
50c
3-15
Elec.
Power
California
Water
Service
Quarterly i
Congoleum-Nairn, Inc. (quar.)
Compo Shoe Machinery $2.50 preferred
Conn (G. C.) Ltd., 7% prior preferred
Connecticut Light & Power (increased)
Consolidated Bakeries (Canada)
(quar.).;
(quar.)
1
3-
8
Consolidated Gas
2-28
Consolidated
3-15
2-28
Consolidated
4-
3-11
Common
1
preferred
$2.75
1
1
2r26
Continental Air
Continental
Canada Crushed Stone, Ltd. (quar.)
Canada Cycle & Motor Co., Ltd.—
"5%
1st preferred (quar.)
^
Foundries &
$10c
"Class A <quar.)__
Canada Malting Co., Ltd.
preferred
$$1.23
3-20
2-22
3-20
3-
1
3-15
3-30
1
$37V2c
3-15
3-
$50c
;
3-15
2-15
(quar.)
Ltd.—
3-20
Coro,
3-20
Coronet
4-
3-
1
Cottrell
1
Crane
$75c
1
3-
3-15
3-
1
Creameries
+25c
3-15
3-
1
Crosley
3-15
3-
1
Crowell-Collier
$S1
Funding rights (year end)
Canadian
Pacific Railway
1
3-
1
3-15
Case
(J.
I.)
Co.,
;
$6
6%
4-
3-23
Dan
Davenport Hosiery Mills, Inc.,
7%
David
preferred (quar.)
4.15%
preferred
Century
&
3-15
Davidson
4-
1
3-12
$1.75
4-
1
3-12
Dayton Malleable Iron (quar.)
Dayton & Michigan RR. Co., com.
10c
3-20
3-
5
30c
3-15
3-
5
$1
3-15
2-15
3-15
3- 1
3-20
$1.12 Vs
4-
1
3%
Chemical Corp.
Quarterly
Quarterly
Deep Rock Oil Corp.
Co.
3-
$6
2-28
3-20
3-
2-28
4-
$1.50
1
9
5%
preferred
Detroit
3-
4-
1
3-11
4-
1
3-11
Class
1
Devoe
&
5%
2-28
3-11
2-20
Dewey
3-11
2-20
Class
preferred
Diamond
5-
1
4-12*
4-
1
3-15
3-22
Doernbecher
2-25
Inc.,
3-14
2
8-15
Dow
3%%
3-15
2-26
3-15
2-26
50c
4-
1
1
3-15
50c
$1.25
15c
3-12
3-
3-
2
25c
3-15
3-30
-
3-
$4.50
5
preferred
3-25
3-15
50c
3-25
3-11
Duval
4-
1
3-18
Eagle
3-15
2-25
Plastics
3-
3
3-
4
3
3-
4
3-15
3-
1
5-
4
6-
1
5-
$25c
12-
1
11-
4V2%
6%
1
3-
I$1.75
4-15
3-20
4-
3-
#
IOC
4
(final)
25 Vic
(quar.)
3-
5
3-30
3-
5
5-
1
4-
5
6c
(Del.t
2-28
3-30
35c
(quar.)
2-25
3-10
90c
Co.
3-11
50c
(quar.)
4-
1
3-14
$6
pid.
(accum.)
on
the
14th
3-15
1st pfd.
Eddy
Bros.
Corp.
Electric
Electric
15c
$1.25
3-15
5-
$7
2-25
3-ipfei3-29
6-30
3-31
2-17
4-
1
4-
1
4-15
3-15
1
3-21
4-
4-15
3-
4-
6% preferred B (s-a)__
—
Fireproofing Co., common
:—
7% preferred (quar.)
General Mills, Inc., 5% preferred (quar.)__
General Motors Corp., common__
$0 preferred (quar,)—
General Outdoor Advertising, common
General Faint Corp., $1 preferred (quar.)
$1 conv. 2nd preferred (quar.)
General Phoenix Corp., common
General
1
4-15
4-
1
1
3-
2
4-
1
3-22
3-15
3-
1
3-12
3-
1
4-
1
4-
+
3-20
(quar.)—
4-25
$1.25
4-14
3-15
—
(quar.)
20C
3-15
(quar.)
25c
3-30"
3-15
3-11
2-25
Co.,
4-
1
3-15
4V2c/p
Gleaner
1
3-15
Glen
3-20
$1.50
Ferries,
Power
6-20
9-30
9-20
12-21
12- 9
3-15
2-26
$6
3-15
2-26
4-
$1.50
1
4-
1
4-
1
4-
1
3-30
$1
3-
4-
1
25c
3-U
$1.06'A
(quar.)
& Mfg.
75C "
prior preferred
Light. $6
(accum.)
3-20
75C
&
1
pfd.
$1.50
(quar.)
$1.50
(accum.)
_________
\$1.75
(Texas), $4.50 pfd. (quar.)_
$1.12%
Watch
—
(quar.)
(quar.).—.
——
60C
___
,
25c
.
3-
Tubes
Gorham
8
Gorton-Pew
Gossett
Fisheries
Grace
3-11
1
3-15
3-15
———
Co.,
Ltd.
,—r—
National Bank
Graniteville Co.
■
Kytra,
(N. Y.)
(quar.)
"
3-
6
(stock div.)__•;
3-13
3-13*-
3-31
3-29
3-29
75c
3-22
3- 8
3-30
3- a
3-15
2-15
50c
.
•
,
-
+62 vie
3-23
'
•
.
quar.)
1
,3- x
2-15
I'ol
,
0-1
3-20
•
6-28
^
*
3-U
2-18 .
4-24 -
30c y
5- 1
30C
o"
i
•
»%.
'
srores ("increased
3-15
3-30
_^.c
9.09,^
35c
v
'ifl
4-1
3-15
75c
/•'
——
~
,
Grayson-Robinson
3-13
3"1f
$L25
n
.
3-1
2-28
3-13
25c
5c
50c
(quar.)—_5
.
3- 5
quar.)—^1
3-15
3-25
40c
56V4C
A
—
3-15
3-31
3-15.
3-15
(irreg.)
Grand Union
I,;;
4- 1
4- 1
3-20
3-30
3-20
3-20
4-1
4- 1
4-1
;
4-20
$1.25
$1 50
21ViC
$1.12l/2
30c
•
4-20
—
Co., common
Mills
3-20
4-
3-11
3-1 i
3-15
Inc., $5 preferred (quar.)
$1.25
Manufacturing Co.
(quar.)—" 50c
1
4-
4- 1
3-27
4-1
Goodall-Sanford.
2-28
4-1
3- 5
3- 8
3-11
50c
40c
(quar.)—l__
——
(increased
3-30
4-
3-15
3-15
4-1
5- 1
(quar.)
5% preferred (quar.)
2-28
4-
Co.
Brewing Co.
(quar.)
Manufacturing Co,
Common
3-15
4-1
4-1
3-15
5- 1
Goodyear Tire & Rubber Co. of Canada—
1
3-12
25c
(initial)
com.
Steel
_____
$5
preferred (quar.)
Goodyear Tire & Rubber, common——
3-15
$$1.20
—
Goodman
3- 5
25c
(quar.)
Corp.-
(quar.)
,
-
$1.50
40c
62V2c
25c
Co.
Coal
Goodrich (B. F.)
3- 5
$1.50
_
6%
GloSe
Goefcel
$1.50
—
Harvester
convertible preferred
4Va7o
Ry.—
preferred
Natural Gas Co,
Elgin National
6-29
$1.50
preferred
Alden
(quar.)__
—
Gletts F$Hs Insurance
Glldden Co., common
3-30
$1.50
Class A
preferred
Co., $5
(quar.)
Gerber Products Co., common
4-
(quar.)
5-10.
6-10
2-27
3-20
3-1*
2-14
4-8
2-25
3-15
3-15
3-5
25c
75c
Inc.
2-14
5-25
5-25
3-11
4- 1
4- 1
3- 9
5- 1
3-12
3-23
25c
25c
B
Georgia Power
$6 preferred
.
(quar.)
(Rochester),
$1.12%
Co.
preferred
Paso
Class
2-20
20C
Co,
$2.50 preferred
Genesee Brewery
4-10
$1.12%
(quar.)
Auto-Lite
El Paso Electric
El
2-25
3- 9
3-1
3-5
3-15
{■
3-1
3-15
25c
25c
(quar.)__
4-
General Railway Signal Co., com.
6% preferred (quar.)____.__
General Telephone Corp., common
pfd.
1st
4-1
4-1
4-1
3-12
25c
General
1
3-15
4-1
25o
25c
Precision Equipment Corp
3-15
2-25
3-14
,
3-15
30c
25c
$1.75
$1.25
75c
$1.25
Class A common
3-15
1
3-10
$1.25
Stores, new
Boat
(quar.)
common
General Finance Corp.--.
6% preferred A (s-a)_—25c
5
4-
$1.12%
(increased)
4(4% participating
Electric
50c
1
1
3-15
50c
(quar.) (clears all arrears)
Electric Controller
:
5-
75c
,
preferred (quar.)
Paper
Electric
day
8-
50C
Eastman Kodak Co., common (quar.)__
6% preferred (quar.)
Economy Grocery Stores
(quar.)
Economic Investment Trust (irreg.)
2-28
$1.75
(quar.)
(quar.)—
1st
Edison
(Kentucky)—-
3-31
$1.50
6%
3«>c
Co
1
$1.75
Eastern Massachusetts Street
3-18
23 c
new
common
5-
$1.75
_________
6%
preferred
5
3-30
60c
(quar.)
(accum.)
Quarterly
Quarterly
6
9
9
3-
(increased)
com.
(quar.)
Co.,
67c
Fuel Associates—
Magnesia Talc
Quarterly
2-28
3-30
3-
1
(quar.)__
__
prior preferred
preferred
3-1
3- 1
3-1
3- 4
3- 4,
3-22
& Co.,
(Julius)
Power
preferred
6%
Co.,
5preferred
1
3-11
93%C
Chemical
Eastern
3-12
87 Vic
3-
4-15
$1
common
5%
3-15
4-1
4- 1
4- 1
Co.
(Robert)
Gatineau
4-13
4-
75c
(quar.)_
Texas
Sulphur
Picher Co.__
1
53 Vac
1
3-26
75c
(quar.)—
Co.,
it
3-30
Garfinckel
3
4-
$$1.25
(interim)—
Duquesne Light
34%c
$22c
preferred
(quar.)_m__
«
t$1.25
5VteVo
preferred (quar.) _________—$$1.37
Gaylord Container Corp., common (quar.)25c
5V2 % preferred (quar.)^
68%c
Gemmer Mfg. $3 partic. pfd, A <quar.)___
75c
General American Transportation (quar.)...
02 %c
General Baking Co., $8 preferred (quar.)__
$2
General
Box
Coj
(quar«)
IV20
General Bronze Corp.
(quar.)
20c
General Candy Corp. (quar.)
__________
25c
General Cigar Co_ common (quar)___—__
25c
2-28
$93c
common
Inc.,
3- 7*
3-15
3- 8,
3-15
3-11
$20c
(quar.)
preferred
Common
Durez
15c
preferred
4!/27o
3-20
after the date of such order.
$5
Co.,
preferred
3-1
4- 1
4- 1
3-20
3-30
30c
22c
Galveston-Houston Co. (quar.)..
Garrett
Corporation
—_____—
6
t
•
3-19..;'
3-15
Gair
8-12
4-
3-15
4-1
,5-1
30c
20c
10c
40c
Gabriel
4-
$20c
(initial quar.)__
$1
5
3- 5
3- -5
3-30
,2-23
2-23
10c
2-28
3
4-
3-15
3-15
3-15
4-25
3-15
-.
12J/2c
12!/2c
t50c
^
$1
;
$2 r
.
4-15
3-1
9-
$43c
(quar.)
,
'
3- 5
-3- 5
3-15
4-20
$55»/2C
__
3-15
—
50c
(quar.)
& Bradstreet,
Eastern Gas&
Compo Shoe Machinery, vtc. (quar.)
Consolidated Edison Co. of New York, Inc.—
.
3-15
—
DuFont (E. I.) deNemours & Co.—
Corp.—
Service
Co.
Power
7%
3-20
1
is proposed
Public
Duke
Dun
2
3-12
4-
to be made 28 days
after the date cf the SEC order to holders
,
9
Frink
75c
Industries, Inc.—
preferred (quar.)
Driver-Harris
3-15
4-
?25c
Corp
business
9
.
3-15
I2y2»
Fraser
2-28
(quar.)
3-5
12y3o.
-a-*—•
20c
(quar.)
3-15
12*/20
3-15
—
4-18
25c
—
Extra
>.
J35c
•
6
$3
3-15 ^
3-15;
'4-1
4- 1
■
*
;;
3-153-15;,
6-15
9-16
3-30
_______
Fox. JDe Luxe Brewiqg Co. of Indiana (quar.)
Ehrtra 1_2—;
Fox De Luxe Brewing Co. of Mich. (quar.)_
5
25c
common
preferred A (quar.)
Corp.
(quar.)—
Dravo Corp., 4% preferred
Dresser
$1.25
Co.,
(quar.)
- 15c
75c
37y2c
(quar.)
(quar.)
2-28"
$4
2-28
Canada, Ltd.
1
Draper
3-18
$1.12Va
Quarterly
Community
Textile
preferred
1
4-
of
Brewing
1
preferred-
3- 5
(quar.)_
3-15
(quar.)
Drug Co., 7% preferred
Chemical Co., common
3-14
$1.37 V2
_——
of
5- 6
$$1.75
3-20
preferred
9-
preferred (quar.)
close
3- 2
5-15
$20c
1
*
the
3-30 *
i-iEeterj
Extra
5
$$1.25
4-
31 Vic
Commonwealth Life Insur. Co.
at
3- 1
t$1.25
Dominion Stores, Ltd, (quar.)
Dominion Tar & Chemical, 5 %%
5-15
com.
4-
(quar.)
3-15
(quar.)__
4-
(s-a)
15c
common
class A pfd.
Co., Ltd. (quar.)„___
Corp., common______
5%
preferred (annual) _____—
Fuller (George A.), 4% conv. pfd. (quar.)__
Fulton Iron Works Co., 6% non-cum. pfd.-_
Fundamental Investors, Inc.
(quar.)
6
Dow
(s-a)
_
Payment
Common
1
& Electric—
Commonwealth &>South..
3-
3-15
25c
2-25
Dominion
>_
Inc.. 4V2% pfd, (quar.)
Colgate-Paimoiive-Peet Co., $3.50 pfd. (quar.)
7f/o preferred (quar.)
:
3-25
50C
1 irreg.)
3-
30c
(interim
com.
(quar.)—
Investment
Fox
1
3-
Co.,
Corp.,
Foundation Co.
3-11
3-
3-20
2-25
2-28
25c
3-15
3-
20c
62y2C
4- 1
3-15
3-15
4- 1
7- 1
10- 1
3-30
62 '/a C
3-
$1.75
Commonwealth
3-15
8-
3-20
$1.18%
4- 1
2-26
3-
ll-20t
3-21-.
2-25 3- 1
3- 5
25c
3-15
8-15
,
0%
3-20
3-15
3-11
3-15
preferred (quar.)__—37y2c
6% preferred (quar.)
37Vao
6% preferred (quar.)
37V2c
4
50c
3-15
2-25
Wheeler
s
4- 1
4-1
30c
(participating)
4-15
1
(increased)
(quar.)
Edison
1
Foster
Kleiser
*
5-20^
8-20 T "•
20c
_____—
$1.06 V*
3-15
25c
Commonwealth
4-
&
50c
Dairies/Ltd., 5% pfd. (quar.)
Dominion
Malting Co., common
)quar.)__
6-
Corp
Coleman Co,,
3.60%
3-11
.12V2ft;
_
_
Dominion
*
.
3-
3-25
3-15
(quar.)
(quar.)
Electric Illuminating Co., com
preferred
(quar.)
Cleveland Graphite Bronze, common (quar.)
5% preferred (quar.)
Cleveland Hobbing Machine Co. (increased!
Cleveland Quarries Co. (quar.)
Co.,
3-18
Foster
2-28
3-15
6-1
9-1
12- I
1 *
Co.—
Inc.,
Dairies,
-preferred
7-10
3-11
75c
(quar.)_
preferred
Co.,
Foremost
4-10
10-10
3-29
30c
Bookbinding
3-16
25c
7%
$4,50
Carbon
2
25c
Cleveland
Commercial Credit
4-
$1
pfd. (quar.)
(quar.)
4-15
3-20
$1.50
15o
$1
(quar,)_
25c
S22
preferred
Clark Equipment Co., common
Commercial
3-16
Dobeckmun Company
20C
3-30
„
preferred (initial quar.)
_____
Food Fair Stores, common (quar.) ________
$2.50preferred(quar.)—_*__-__-__t_
Foote-Burt Co.
2-22
2
Doehler-Jarvis
9
Columbian
3-11
3-
$1.25
$1.75
.
4%%
8
3-14
3-
convertible
3-
3-29
3-31
$2.75
3-30
Dixie
40c
Columbia Pictures
(quar.)
Corp..
Utilities
3-20
$1.25
Electric
Power
3-30
$1.25
preferred
Public
35c
Pacific
.
10c
25c
Texas
&
$4
Florida
5%
Ice
&
>
Florida
3-20
5%
.
(qttar,)-____—17Vic
3-15
15c
(quar.)
Corp.
Mfg. Co.
3- 8
2-21
preferred
$1
Corp.-Seagrams, com.
preferred
(quar.)
Cup Co., common—
A
3-15
3-11
3-15
-
Fran¬
.preferred
25c
Distillers
Class
3-15
3- 9 ; '•
3-15 ^
2-13
2-11.
(quar.)
—_______
17y2c
(quar.17-Vae
3-15
1
9
3-20
4- 1
(Chicago)—
.
5- a
3- 8
77o
1
' 3-'
3-26
preferred
3-30
4-
3-10
-
-
••
3-8
3-10
•
30c
15c
15c
15c
——
3-30
4-
Clark Controller Co
Gas
4-
3-15
50c
7%
1
$1.25
City
Columbia
4-
8*
1
(San
25c
preferred
3- S.vA.
2-28
(quar.)-
Flambeau Paper Co., 8% preferred
Fllntkote Coi, common (quar.)—
3- 2
37V2c
(initial)
B
3-18
25c
Quarterly
8
25c
Co., 6% partic. pfd.
Diana Stores Corp. (quar.)
Di Giorgio Fruit, class A
(initial)
participating
3-30
cl. A (quar.)
Indemnity Co.
Fitzsimmons Stores, Ltd.—
8,
3-
3-
1
Semi-annual
3-
1
3-14
1
$1.75
Ltd.
1
4-
4-
4
Plow Co..
4-
75c
3-
preferred
6-18
$3
4-
Fund
3-16Hv,
-
3-15
cisco (quar.)
^—
75c
First Bank Stock Corp, (s-a)*—40c
3-18
1
Class
3-
5%
1
7-
8
3-14
Cockshutt
4-
3
3-15
Coast Counties Gas
3-15
3-
75c
Chemical Co.
3-15
3-30
3-
(quar.)
Stamping Co. (quar.)
& Fuel Co. (increased)
preferred
3-30
3-30
15c
7%
Firemen's
15c
Match
35c
Clorox
Finance Co. of Amer. at Bait.,
Class B (quar.)
1
87V2c
(increased)
30c
Cluett Pcabody & Co.,
4-15
>'
?
3-16
10c
(increased)—
3-
3-18
3- 8
3-20
25c
4-25
■ '■
1
12y2c
Corp.
N. Y.
,
3-12 /f
3- 1;
3- t, •*'
50c
Enamel
..I
3-11 -1 ^
•
(quar,)
3-15
25c
A
■
—
$25c
B
$4.25
3-20
Auto
Coal
Almy
&
3-13
City
Clinchfield
(Los Angeles)
$1.75
(quar.)
Chemical
1
4-
Cincinnati Street Railway Co.
5%
of
Fifth Avenue Stores
3-30
common
5% %
Fiduciary Trust Co,
2-21*
SI
(quar.)
Orleans
City Investing Co.,
Co.
3-30
15c
(quar.)
New
3-13
3-15
62V2C
preferred (quar.)
preferred (auar.)
5%
3-25
Ferro
25c
.___
Chrysler Corporation
Cincinnati
3-11
45c
iquar..i_
Chicago &' North Western Ry., 5% pfd. A__
Rivet & Machine
Chicago South Shore & South Bend RR.—
preferred
4
50c
Class
(increased)
Oil
40c
Chicago
7%
3-
$1.75
(quar.)
Raynolds.
B
Devonian
25c
(quar.)
Co.,
3-15
Extra
$2
(quar.)
Corp.
^r3-22
Eeriton United Cleaning & Dyeing Co. (quar.)
9
25c
Steel
3-15
50c
Chicago Great Western Railway Co.—
57c
preferred (accum.)
Securities
Federal
1
3-
$1.25
International Bridge
(irreg.)
Detroit-Michigan Stove Co.—
5%
preferred (quar.)
3-15
$1.12 %
Ry. (quar.)
Chicago Daily News, Inc., 5% pfd. (quar.)__
Chicago Flexible Shaft Co. (quar.)
Quarterly
Chickasha Cotton Oil
8
3-
50c
Detroit
3-20
3-15
SI. 12'2
& Ohio
Christiana
3-
3-30
90c
(s-a)
Detroit & Cleveland Navigation
Detroit Harvester Co
2-28
3-20
75c
15c
Inc.
100%
75c
30c, ■;
—„
3-15
$1
Delaware Power & Light Co., 4%
4
Stores,
-
4-
'
3-8^ V
,3— 9
3-151
'
3-18
-3-30
3-30
_______
3-25
35c
4-
1
Co.___
(quar.)
Gas Corp.
25c
Delaware Fund.
Inc. (quar.)
Delaware & Hudson Co. (quar.)
(quar.)_
(quar.)
Chicago Mail Order Co.
&
Corp.
(quar.)
(increased)
Dejay
:
Chesapeake
Water
Truck
Motor
v
•
25c
(quar.)
3-20
15c
Y.)
Works
25c
2-20
(quar.)
(N.
Screw
1
25c
2-20
25c
Mfg.
Federal
(quar.)
Decker (Alfred) & Cohn (quar.)
3-30
27c
$4.50 preferred
(quar.)
Charleston Transit Co. (quar.)
Chase National Bank (quar.)
Extra
Federal
3-20
preferred
3-15
$1.04
Chemical Bank & Trust Co.
3-15
4-
(quar.)
3-15
$5.14
,
Chesebrough
3-30
$1.50
Welder
&
25c
1
common
com.
3-12
pfd
4-
Ltd., Cla$s A
+3c
(accum.)
(accum.)
pfd. (quar.)
Champion Paper & Fibre Co.,
3-25
Mining & Smelting
Feideral-ftfogul Corp. (quar;)
Machine
+25c
Frere,
y
2-20"
',,250
.
(stock dividend)
Federal
3- 9
■
4-1
Federal
_____
15c
America
Extra
3-15
75c
Extra
1
3- 8
'
50c
-
,25c
1
Mills__
$1.50
(quar.)
of
•
$1
3-15
17-A--f:
3-
3-30
2-27
50c
—k
3-22
Deisel-Wemmer-Gilbert
Mills, lnc
Certainteed Products, 4%% prior pfd. (quar.)
6% prior pref. (quar.)
Co.
1
30c
3-15
Co.—
Service,
4-
3-15
75c
1
Ribbon
Chamberlin
Cotton
River
$1.50
6%
Vermont Public
3-14
40c
initial prefei.*ed
initial preferred
prior
1
■
3-
4- 1
7%
1
Mines,
Central Steel & Wire,
1
(quar.)
Federal Bake Shops (quar.)
$1.75
4-
Ltd. (qua
Central A* South West Utilities Co.—
$7
4-
3-11
•
4-1
,4—;1".
-$2.50
—^____
Co.____
& Co.
3-
—
40c
preferred (accum.)
preferred (accum.)
Paper Co.,
lnc
Central
4-
Rubber
(Fred)
First State Pawners Society
4-
Central
$6, prior
Fear
3-12
(quar.)
$2
(quar.)
Central Patricia Gold
4
4-15
Steel Co.. 5% pfd. (quar.)
Crum & Forster 8% preferred (quar.)
60c
Illinois Public Service
Central
3-
20c
Crucible
50c
Central Illinois Light 4V2%
Faultless
3-25
5c
3-15
common
Storage
8
$1.20
3-15
2-25
3-30
3-16
".'37Or;
37 V2C
100%
Quarterly:i..——'
3-
$1.75
(accum.)
3-30
28c
(quar.)
Catalin Corp. of America (quar.)
Central Bag & Burlap Co
Central Coal & Coke Corp., 4% preferredCentral Cold
&
3-15
37V2C
i.v
$1.31 »/4
Seal, $2
Crown Drug Co. (s-a):.—
6%
;
3-18
$1.62%
(increased quar.)__
preferred (quar.t__
Co.
1
3-15
20c
____
25c
$1.50
preferred
,7%
Pub.
.
3-14' 1
3— 5 ix.v.'
Farmers & Traders Life Insurance, Syracu6«
3-15*
quar.)
3-30
(quar.)
Mills, common
preferred A (quar.)
preferred B (quar.)
6%
2-25*
1
4-
(quar.)
(quar.)
93 %C
(increased
$1.25
(quar.)
Carthage
6'fo
3*15
A
$1
3-11
+37 Vic
,
5%.
,
25c
__
(quar.)
1
75c
preferred
(quar.)
Carolina Telephone & Telegraph Co.
Carrier Corp., 4'/2% preferred
Fanny Farmer Candy-Shops (quar.)
Fansteel
Metallurgical
(stock
dividend)-.
40c
Sugar Co.—
7% preferred (quar.)
7%
preferred (quar.)
Curtis Publishing Co.—
$4 prior preferred (additional)
$4 prior preferrd
(quar.)
Cutler-Hammer, Inc., (irregular)
Manufacturing Co.—
(Philip)
3-15
preferred
$1.50 preferred B (quar.
Cuban American
:
(accum.)
3-29
$1.50
5
10c
15c
-(irreg.)
Common
.
1
4-
3-
99 %c
pfd.
Overall Mfg.—
prior
preferred
4-
3-15
_*&.
Crown
1
3-15
1
-
3-14
»
4-
15c
1
3-14
4- 1
"3—15
10c
Company (quar.)
Family Finance Corp., common
■,
4-15
65c
Exolon
—
(interim)
5-17'
8-16 '
11-15V
3 —.4-,
4-15 '
r
(quar.)
1
Co
(quar.)
12-31
Wirebound Boxes—•
A
Corp.
3-15
3-
3-15
■
2-28J
6- 1
30c
__________
{■
i
30c
—.—
30c
com.
Inc.
Cork
1
1
Co.
Corp.
Exchange Buffet Corp.
Special
4-
(quar.)
Crown
4-
4-
Plantation
Ex-Cell-O
-
3-22
3-15
25c
4-
(quar.)
Amer.
of
2-28
l$2
(quar.)
Co.—
preferred
1
+30c
General Electric Co.
Canadian
$45c
(increased)
Ewa
8
3- 1
1
^
20c
4-
Co. >(Del.)—
common
1
1
3-15
Canadian Celanese, Ltd.—
Canadian Cottons, Ltd.. common
.67o
preferred (quar.)
Carey
Co.,
4-
4-
4-
3-15
l-
3-15
3-15
4-
3-13
,
15c
(Chicago)
Fibre
Phosphate Co
Sons, 6%
$S1
♦25c
3- 1
4-
2-23-
4-1
9- 1
12-1"
(quar.).,
$1
$$2
6Va% preferred (quar.)
Canadian Breweries, Ltd.
2-
3-15
(quar.)
Inc., common
Extra
5%
preferred
•
2-2$>
3-11
12 Vac
Corp,
68 %C
——
(C. B.)
3%%
3-15
3*'JL.
of Ree.
3-11
$1.25
$1.25
$1.12 J/2
(quar.)
Inc.
+$1.62 V2C
i
Mortgage
3-18"
40c
Tel.
$25e
(s-a)
Class
Oil
Eversharp,
3-30
$2Qc
Co., 6%% --pfd. (quar.)__
7% partic. preferred (quar.)
Cornell-Dubilier Electric Corp., common
$5;25 preferred
(quar.)
4-25
(quar.)
$1.50
Continental
$$1.75
(quar.)
Permanent
Ordinary
_
Continental Can Co., Inc.,
$3.75
preferred;«(quar.)
4-15
Canada Wire & Cable Co., Ltd., CI. A (quar.)
/ Class
B (quar.)
,
L-
Quarterly
$15c
Class
Canada
Canadian
'
3-5
3-23
12 Vac
(increased)
.
(s-a)
B
9.
Continental
Canada Packers, Ltd.. Class A
,
3-10
3-
4-1
'
1__
Co.
Eureka-Williams
3-8
25c
$4.50 pfd.
Continental Diamond
,
77»
2
2
Forging, Ltd.—
Canada Northern Power Corp.,
Common
(quar.)
.
44-
i
'
Lines-—-if*
Assurance
>
1
4•
preferred A (quar.)
$5 preferred A (quar.)
$5
4-
-
1
5Cc
A_
Inc.—
(quar.)
Consumers Power.
3-
25c
Ltd., Class
Stores,
(increased)
3-
50c
Co—
Copper
Utilities Corp.
Press,
Retail
3-
Canada
$20c
3-
3-l'6
Insur.
12*10
3-15
Payable
A
.
3-15
75c
3-20
3-15
Life
12-15
$1.75
3-15
3-12
Cons.
9-10
*
25c
50c
(increased)
5c
Hecla
9-13
Consolidated Biscuit Co. (increased quar.)__
Consolidated Cigar Corp. (qUar.)_____
_
Consolidated Edison Co. (N. Y.)
(quar.)
25c
Campbell Wyant & Cannon Foundry
Canada Bread Co., Ltd., 4%% pfd. (quar.) t$1.12Va
.5% class B~(quar.)
$62%c
:
Canada Cement, Ltd., 6V2% pfd. (accum.)__ $$1,62 V2
Calumet &
7 6-10
62V2C
50c
_—
California-Western States
3-10
6-15
class
Drug,
Holder*
When
Share \
(quar.)25c
Class
B
(qU&r.).___.:-wl*,+V_—:—«»..-»25c
8%
preferred
(quar.)
"
50c
Empire District Electric Co., com. (quar.)__
; .1 28c
Emporium Capwell Co. (increased)
1 50c
English Electric Co. of Canada, Ltd.—
*
$3 non-cum. Class A (quar.).._.
....
125c
Erie; Railroad Co., $5 pfd. A (quar.)
$1.25
3-15
3-13
t$1.50
45c
(extra)
com.
com.
1
I $$1.50
_____
——
25c
Co.,
California Ink Co. (quar.)
California Pacific Utilities,
,5Ye preferred (quar.)
4-
+$1.50
__—
Name of Company
-
ot Rec,
—
_______
3-7
Calgary & Edmonton .Corp., Ltd
California Cotton Mills (quar.)
California
90c
—
3-25
$3.50
(s-a)
Corp.
Per
Holier*
Payable
Emerson
common
3-25
20
each
Corp. held
preferred (s-ai
When
Share
$$1.50
shares Byrndun
$3
Baltimore,
3-25
held
Corp.
Name of Company
iquar.)
Confederation Life Association (Toronto)
America Class B common stock for each
5%
1
Consolidated Gas Electric Light & Power Co.
Byrndun Corp., common and Class A (stock
dividend). One share of Hat Corp. of
,
71
Per
^
of Rec.
«;;
■
25c
4- 1
,
3-20
■■■■■,-.
,
THE COMMERCIAL & FINANCIAL
1328
Monday, March 11, 194S,
CHRONICLE
.)
': y
Quarterly
Lakes
Great
*7
*■:
Power
preferred
v
6%
Common
Ltd.—
Co.,
4-15
3-30
Common
3-30
2-28
Common
<quar.)
77
3-
4-
2
3-
9
4-
1
3-15
25C
Copper
preferred
Grlesedieck
vr
1st preferred
57
preferred
1st preferred
R7
Grinnell Corp.
Group No.
3-U
1
3-U
4-
1
3-13
6-
343/aC
$1.25
4-
1
1
6-25
1
3-20
2-28
$50
3-29
3-
25c
4.
10-
(quar.)
(quar.)
77®
Jewel
4-
1
25c
4-
1
3-
3- 3
Jonns-Manville
Jones
'
$4.40
Stores,
Inc.
:>
A%
15C
(quar.)
Glass
Hazel-Atlas
Co.
Corp.,
$1.75
4-15
3-29
25c
Huron
Erie
&
57
0 Common
(interim)
Indianapolis
Indianapolis
1
Klein
1
47
;
preferred
4-16
3-
8
3-30
3-
4
Kopper3 Co., Inc.,
common
4%%
preferred
(quar.)
3-12
2-25
3-
9
3-
3-12
1
1
1
,
I
3-20
1st
8-21
9-
12-
6%
7%
2nd
-
$2.50
Corp.
of
7%
1st
$6.50
$7
preferred
preferred
1st
preferred
6% %
6%
preferred
preferred
2-
4-
Leath & Co., common
?
$2.50
3-19
k
"■
preferred
Lehn & Fink
3-15
1
3-19
Leslie Salt Co.
9-20
12-30
12-20
3-25
3-15
3-30
3-19
Lima Locomotive Works,
4-
3-30
$1.25
National
3-30
2-12
3-30
2-12
3-30
2-12
Life
Inc.
pfd.
(quar.)
Insurance
$7
2-15
Muncie
4-15
43-
5
4-
3-12
.
Star
Gas
1
"*
2-28
Lunkenheimer
25c
3-25
3-8
2%C
3-31
Lyon
2-28
*20c
4-15
3-15
4-15
3-15
:
Corp,—
'
$1.50
3-11
2-21*
30c
3-11
2-28
G5c
4-15,
Mines, Ltd.
3-15
$1.75
6-
1
5-15
$1.75
9-
1
(quar.)
Mahon
3-30
2-28
4-1
3- 9
Marshall
3-30
3-
Martin
8
25c
1
3-15'
4-
y ,.$1.75
3-11
4-
1
3-15
3-15
WSi81
3-15
*75c
4-13
33-
Gardens,
,
.
$1.25
Mastic
1
;
3-20
3„20
3-15
2-28
j
;
57
3-11
3-20
3-
4
3-
1
3-13
2-
1
2
3-
1
3-15
3-
2
4-
Merchants
preferred
3-21
4-
1
National
Miners
1
TV
if:S, i:i<M TV
3-
1
1
,3-
3-15
a
4-15,
.
.
2-25
25c
4-
1
3-15
30c
(quar.)
3-29
3-20
8-15
7-3L
3-15
3-
:
stock
series
2-20
2-28
ij$2 partic.
4-
3-12
New England
(2 *23
6
Co.
Corp.
2-23
3-15
12c
A-
Refining
1
*
—
3-15
50c
3-14
35c
4-
1
3-14
SI
Co
4-
7oc
(quar.)___;
(quar.i
Co., S2 pfd. (accum. 1
4%7 preferred (auar.)___
National Tea Co., 47*7 pfa. (quar.)__,
Nehi Corporation
Neisner Bros., Inc. (quar.)
3-15
3-15
$1.50
Sugar
3-15
3-
Delaware, Inc—
National Supply
1
3-25
Series—
Standard
National
3-15
1
4-
25c
(quar.)
preferred
National
2-23
3-15
lc
25c
series
National Steel
4- 4
_
Machinery
National Shirt Shops of
$6
$1.25
(initial)
Co
4-
1
3-13
4-
1
$1.1272
53 %c
4-
25c
1
3-
S
3-15.
1
2-23
3-15
,
7
3-13
5-
5-15
.
127aC
6
Class A
15c
(accum.)
3-15
3-
5
3-15
3-
5*
New
60c
4-
3-15
3-29
2-26
.
3-15
*50c V
3-
3-15
$1.25
*71
40c
4-1
_
(quar.)
3- 7
1
3-10
2-15
3-20
2-28
*25c
4-15
*6272c
5c
Power & Light, 47
Omnibus Corp
pfd. (quar.)
Hundred' Corp.,
Nineteen
Class
5-29
f
v
8-30
Class
A
class A
A
(initial)'
(increased)
..
•
'
1
3-.6
:
3-20
.
5-15; J:
50c
.
.5-
1
3-
1
11-15
11-
1
*50c
3-10
3-15
2-15
tqusir.)_____:— n<* 30c
-3-11
3-1
3-29
3-14
North American Co.—
Car Corp.
*
Ltd. (quar.)'
—1—
-
7
-
,
•
2-23
-
•
79c
4-
3-12
45c
.7.; 3-15
gj
4-15
3-30
'•
3-6
.
4-
common for
lr«c
iiV 3- 1 7
1
Transportation Co.—
..
-50c
.
American
0
TVVfcvVTT.:
3-30
3-8*
•
■
5%7
^brth
fexas
-
1
A''*? I T
'.yiVyy:
3- 4
:
'
-
preferred
< accum.)
nreferred
1 accum.
■
v.
common
^*orth American Investment—
t
3-12 *
one share Pacific Gas 81 Eleceach 100 shares North'•My&iSiM.;
Quarterly,
3-14
1
25c
(increased quar.)
3-12
V 3-31
,
50c
-25c
i
1
4-
30c
..
;
North
American
1
4"
(quar.)—
(quar.) 1——
Niagara Lower Arch Bridge Co.,
Noranda Mines, Ltd. (interim)
:
■.3-1
8-14
3-14
11-29
.4-
*25c
50c
3-15*
t
3-16
1
3-15.
3-19
$1,067*
(quar.
3-29
11-30
-
3-8
3-21
4-
30c
preferred-^initial quar.f_r_._
3-29
62%«t"
9
3- 5
3-28
,
37 %'c
-7—
(increased)—
common
Niagara Wire Weaving (quar.)—^
Nicholson File CO.
(quar.)_____
3-11
8-31
43%c
3-
4-1
25c
25c
;
,
3-30'
.$1
75c
City
3-12
1
3-20
25c
(quar.)
Industries,
474 7
6
3-11
5-31
4-
45C
37 %c.
M ining. Corp
Newmont
Newoort
3-1
3-30
433'ic
—
_*i
8
3-20
3-
3-30
433^
.
v
3-15
25c
.3* 8
'
3-15
$1 75
—
Inc.
New Jersey
New York
9c
_Z
2-28
3-30
Newberry (J. J.) Co.—
New
(initial qu'ar.jt
3-
;
2-23
3-15
$1.50
Co
3-15
3-18
25c
(initial)
Idea.
Clock
3-16
3-31
75c
3- *
-
3-15:;
■
Si.75
Fire Insurance—
quarterly
Haven
New
1
$1,067*
(irreg.)_
$1.50
Hampshire
New
3-15
*
3-15
Public Service—
lien (accum.)
lien (accum.)
New England Tel. & Tel. (quar.)
prior
$7 prior
$6
$4.65
^$4,267,
-
25c-
11
■
3-15
3- Li
5-
(increased!
Corp.
Cooker
Securities
Income
•
81
1
1
12c
National Rubber
3- 5
3-15
4-10
iqc
.Quarterly
4-20
-7-22
10-22
3-30
(s-ai__
Petroleum
Increased
*
(quar.)..-
*
4-
$1.50
com.
-> s-
.
4-
$1.75
Corp..
Products Co.
National Pressure
2-15
3rl5
Oil
National
8
3-11
•
Mengel Co.
2-28
Service
1
National Paper & Type Co.—
3-29
(quar.)__
preferred (quar.)..,
•
Corp., $2.50 preferred (quar.)
McCrory Stores Corp., common (quar.)
preferred
Linen
1
8-
10-30
12 %c
(quar.)
National
3-22
(quar.)—
Co.
5-
—2-13.
4-1
(quar.)
2-28
2-15
3-11
*15c
(quar.)
common
preferred
3r 2
0
Nestle-Le Mur Co.—
(s-a)_
McKesson & Robbins, com.
2-28
3-15
National
Co..
B
3-15
3-11-
50c
(quar.)_
2-23
3-15
>
*37 %c
2-23
3-11
(quar.)
common
25c
25c
common
10-26
1
(initial)
Fund
r
3-20
4-15
2c
(Hartford)
1
4-
40c
—
$4
Lead
*3c
_
2nd
3-
.
35c
25c
Ltd.
ZVaTo conv; preferred
McGraw-Hill Publishing
'
3-15'
1
2-28
$1.50
1
:
(quar.)
3-12
$1.62Va
7
4-
44c
25c
t25c
3-12
88c
4
8*
3-
(quar.)
25c
Extra
3-20
1
'
preferred A
preference
$$1.25
Works, common (quar.)
77? preferred (quar.)—.
McClatchy Newspapers, 7__ pfd, (quar.)
4-1
4-
7-26
77
10c
7To
'4.4
Class
1
3-30
preferred (quar.).—
4-1
67
11-
*1272c
33-
1
(quar.)
Ltd.,
Co.,
4-25
$1.50
'
common
Corp.
Insurance
Grocers
5-
3-
Mathieson Alkali
3-15
3-20
National Fire
National
1
3-, 5
4-
2c
3-13
3-15
3-15
1
4-15
2c
3-12
3- *1
.
30c
Quarterlv
1
,
3-29
*50c
Corp. (Dei.)
Products (quar.)
Welding
2-13!
?
3-15
Quarterly
1
3-20
1
1272c
Lines; "(quar.)
National Dairy
National Electric
/
3-22
.
4-
*25C
(s-a)_
com.
(Detroit)
Co.
City
3-
8-
1
Ltd.,
Container
3-27
20c
preferred
conv.
Asphalt
Casualty
3-15
1272c
Massey-Harris Co., Ltd.,
1
4- 2
j.
25c
Utilities.
National
1
3-12
(quar.)
Massachusetts Investors
4-1
4-1
4-
(quar )
(quar.)
National
Ltd.—
Field & Co., 472% pfd.
L.)
Co, quar,)
Corp.,
$1.18%:
3-
3-15
25c
^
$1.50
3-
3-15
(Glenn
Masonite
.
preferred (quar.)
-3-15
1
25c
Marlon Reserve Power Co., $5 pfd.
Marsh (M.) & Sons, Ltd. (quar.)
50c
3-30
'3-11
4-
Corp.
National
3-15
2-28
2-22
75c
^ Increased quarterly
50c
$1.25
3-15
3-15
25c
C.)
Co
Stores
Corp.—
Leaf
8-15
3- 11
3-15
$2
Breweries, Ltd., common (quar.)__
77
preferred (ouar.)
National Cash Register Co. (quar.)
3-2
1
(R,
Maple
;
Co.—
Nash-Kelvinator Corp. (quar.)
National Biscuit Co., common
(quar.>
Mapes Consolidated Manufacturing Co.—
3-15
Ltd.—
___i
Company (irreg.)
(F. E.) & Bro. Co
Myers
5
3-14
$2
(quar.)
,
.
l.v
(quar.)
National
1
4-
(quar.)
(quar.)
Macy (R, H.) & Co.
Magma Copper Co
:Magor Car Corp
3-16
preferred
MacKinnon Structural Steel,
5% preferred (quar.)
Mangel
3-29
6727>
Lumber Co
Metal Products
Macassa
*
*37 %c
4-
4-15
4-
^ Common (irreg.)
Co.,
3-29.
6-
Murray Ohio Manufacturing Co.
Piston Ring Co
Industrial
3-15
1
40c
3-28
Exploration
3-15
3-15
3-15
3-15
$1,75
75c
5-15
20c
3-30
3-
1
3-15
3-21''
1
3-12
6272c
$6
3-31
4-
50c
2.-23;
.
3-20
4-
3772c
(increased)
(increased)
3-1
r-
3-30
3772c
(quar.)
Louisville 81 Nashville RR. (quar.)
Lowney (Walter M.) Co. (quar.)__
Ludlow Manufacturing & Sales Co. (quar.)_
*$1.25
4-
$1.25
(quar.)
preferred
(quar.)
Murphy (G. C.) Co., 4%%
Angeles Shipbuilding & Dry Dock—
&
6272c
25c
Initial
Land
3-25
30c
1772c
Corp.
Co.
3-15
20c
1
$2
Lone
2
3-15
3-15
25c
Muskogee
25c
8772c
(quar.)
Cement
S2
*$1.50
(resumed)
Muskegon
30c
(quar.)
Loew's,
Star
3-15;
4
30b
Lone
2-23'.
4-15
3-21
—
Inc.
2-15
3-16
(quar.)
Works
Water
National
3-U,
5
3-15
*48c
'
(quar.)
3-
30c
3-14
2-
*■)
4-15
(Fort
3-20
2- 5
3-15-
4-
3772c
50c
3-29
3-14
3-14
*$1
*$1.75
87
$1.75
<quar.)_
prior preferred (quar.)
6%
participating preferred (quar.)
Lindsay Light & Chemical, 7% pfd. <quar.)_
Lock Joint Pipe, 8% preefrred (quar.)
.(.(
1
3-15
3174C
1272c
Lincoln Service Corp., common
Louisiana
t
3-15
3-13'i
2-15V,
$317*c
(quar.)
(quar.);
3-19
*",
9-30
$1.25
j
1
5-
40c
preferred
(quar.)
Liberty Fabrics of New York
Liggett 81 Myers Tobacco, 77.
Lily Tulip Cup Corp, (quar.)
$1.12%
^ J.
$7
preferred
preferred
preferred
4-
25c
Libby-Owens-Ford Glass
Liberty Aircraft Products—
Quarterly
Quarterly
Quarterly
1.
2-15
(quar.)
6-19
Lincoln
3-15*;
4*
Mullins Manufacturing—
2-19
$7
6272c
35c
(quar.)
3-20
5
l
'
3-13
Lines, common
Co.
r
4- 1
3-15
pfd._
McCord
().
Brass
4-
c:
4-15
3-15
(increased)
3-
1
6%
(quar.)
Products
6-29
$1.10
Mueller
1
3-12
3-12
■
15c
$2.50 convertible preferred (quar.)_,
Finance Corp., $5 preferred (quar.)_
7c
50c
(accum.
4-
3- 4,
50c
$1.75
Co.
3- 1,
'
$r.25
(quar.)
Motor
2-20
(quar.)„_
Lanett Bleachery & Dye Works
Langendorf United Bakeries, Inc.,
Le Roi
Co.
(initial)
3-30
(accum.).
2-22
1
4-
3-30
Co.
3-14
$1.18
3-12
3-14
1
3-30
'
1
2-20
3-30
$1.75
4-
8772c
(quar.)
,
preferred
67
3-15
3-U
' '
3-15
$3.50 pfd.
& Co.-
P.)
(J.
Corp.,
Moore-McCormack
3-12
25c
$1
75c
Lane-Wells
4
3
$1.62%
I
Nachman
30c
"
2-22
(Springfield,
Mortgage Co.
Nanaimo-Duncan
18c
"
Morgan
Moore
1
4-
5
50c
(quar.)
3-
5
2-
*$3.75
(quar.).
,
9-20
12- 2
3-12
&
7-
77-7
Iowa Southern Utilities C6.—7% preferred (accum.)
1
12-23
Loan
10-
3-11
:*, $1.50"
10-
Montreal Telegraph
7%
8-15
$1.25
"
Montreal
11-15
q
15c
6-20
25c
3-
$1.75
3-20
25c
3-20
_____
3-1S
4-1-46
Cottons, Ltd., common
preferred (quar.)
3-29
1
1
Commoi.
-
quar.)
(quar.)..!
4- 1
4- 1
*$1.25
Montreal
1
4-
Common
3-20
50 c
Iowa Public Service—
Common (increased
$6
preferred
$1.25
Light Co., 67 preferred.
preferred
127?c
$$1.75
*20c
25c
6272c
25c
(quar.)
30c
Iowa Power &
3- 8
(quar.)
pref. (quar.)
America
Co.—
7-
Co., Inc.—
common
$1.25
___
of
(quar.)
(quar.f
8
2%%
(quar.)
3- 4
3-15
3-27
20c
Ltd.
Co.,
$1.25
Investment Foundation, Ltd.—
$7 Class A
1
3-
20c
y/,«7' convertible pref. (quar.)
6
3-20
4-
$1
Phila.
(accum.)
(quar.)
Landis Machine Co., common
3-U
■
3-25
3-11
1
;
preferred C (s-a)
Montana-Dakota Utilities, common
57
preferred (quar.)
Montgomery Ward & Co., Inc., com.
3-30
37 %c
" ~~~
5-
$1.50
$1.75
$1.50
7%
(quar.)
3-
^
_
Shore'Mine's,
Lyon
77 pfd.
(quar.).—
4-15
4-
25c
62%c
*25c
(s-a)
3-20
*40c
Corp.
Investment
3-15
40c
$1.183/4
preferred (quar.)
Quarterly
Los
International Silver.
Intertype
3-20
$4
3-15
4-
$1
30c
preferred (quar.)
Industries, 6%
pfd.
3-
Mass.)
2
3-
Co..
3-29
1
50c
Insurance
3-
3-26
::
Life
1
4-
$1.25
Corp.
preference
25c
25c
(quar.)
Plant-Choate Manufacturing
Lake
■••3-'l
3-11
.■
5%
Monarch
25c
La
3- 9
*50c
A
1
4-
Co.
Monarch Knitting Co., Ltd., 7%
1
3-
2-27
Co
France
2-25
3-15
•*3-11
Rubber
B.»
La
U-21
•
Salt
(I.
5-21
1
6-
40c
International Paper Co., common (resumed)
5% convertible preferred (quar.)
3-
1
Kresge Department Stores—
$4
convertible
1st
preferred
Kresge (S. S.) Co
Kroger Grocery & Baking Co.—
9
Quarterly
Molybdenum
3-15
1
3-30
3-30
3-16
'
3-15
3 '7o
Canada,
Mojud Hosiery Co., common (increased)
57
preferred
(quar.)
Molson's Brewery, Ltd.
(quar.)
3-15
.
Kleinert
*10c
of
Mohawk
3-11
3-
25c
(s-a)
1
(quar.)
Nickel Co.
3-15
3-30
172c
$1.50
*2c
25c
(quar.)
(quar.)
3-
_
Rubber
3-20
t30c
*$1,37%
(quar.)__
common
(quar.)
3-15
20c
25c
*
3-30
3-
International-Ocean Securities—
47 preferred (s-a)
Internalional
Mining
Co.
4-26
$1.50
•
"vS-ft,
Gold
Emil)
2-25
*$1
_
International
Lake
(D.
Quarterly !
Quarterly
Quarterly
3-19
1
International Cigar
Machinery Corp., (quar.)
International Harvester Co.
(quar.)..
International Minerals & Chemical—
Ltd.,
1
5-10-.
3-1&
(quar.)
40c
International Business Machine
J;: iNew (initial quar.)
preferred
4-
I
3-29
56 7* c
—
Containers,
$1.50
(quar.)
6-
$1.50
(quar.)
3-15
57a7
preferred
$6
$2
25c
participating preferred
Modern
Power.
3--9r
3-12
•
67
3-15
2-28
4-
2-23
1
preferred
Kirkland
>
1
1
2-23
3-15
4-
50c
Group shares, class A
International Bronze Powders, Ltd.—
Common (quar.)
1
4-
1
3-15
1272C
1
Bank
4-
Mississippi
4-
25c
ll/*c
(irreg.)
3-15
3-15
3-15
$1.1272
472 7c
1
Institutional Securities—
•
B
3-.4
,
3-22^,
$1.25
5-10
35c
(quar.)___
Class
3-14
3-14
$1
(quar.)
;
Missouri-Kansas Pipe Line Co., com. (irreg.)
1
4-
20c
Mining & Manufacturing Co
Valley Canning Co., Class B_^__
preferred
1
*15c
A
57
6-
Industrial Acceptance
preferred
Minnesota
3-
$2.25
$1.12%
Ingram & Bell, 67 preferred (annual)
Inspiration Consolidated Copper (quar,)-—
Minnesota
3-15
,
3- .1
3-1
(s-a.'
Indianapolis Water Co.—•
^ $4.50
3r
3-
3-15
3-19
4-',5.
B
3-23
A (quar.)
Corp., Ltd,—
,57 convertible preferred (quar.)
Industrial Rayon Corp., common
(quar,)
3-15
3-15
25c
$1
preferred
$1,067*
,;i# 57 preferred Series
3-
Brewing Co
Minneapolis & St. Louis Ry.__
44.50
3-
_
Minneapolis
3-12
Lamson & Sessions
feIndianapolis. Railways, inc.—-,
3-
1
2-28*
& Share Corp.—
Power & Light (quar.)
1
i-
4-
3-11
Bond
4-
3-16^
.
,
..
4-15f,
3-14
3-15
5-10f
15c
Ireland, ordinary shares—
Ordinary shares $ (final)
Independent Pneumatic Tool
15c
Co.
1
25c
■r), Si
Miller Manufacturing Co., common
Convertible Class A (qular.)
Midvale
I
6-
4-
——
3-
$2.25
3-15
(s-a) -ii.—
Imperial Tobacco of Great Britain
3-
1
y
(s-a)
3-
Preference
(quar.)
5
4-
r
A
4-
Common 1: (final)
3-
4-
$2
——
preferred
Co.—
Telephone
3-li
(quar.)
$4.50
25c
Imperial Life Assurance (Canada) (quar.).
Imperial Tobacco Co. of Canada, Ltd.—
8 To
3-; B
3- 3
3-:8
3-12
3-14
25c
—
3-29
2-28
preferred
2-23,
1
1
(quar.)
common
3-15
50c
_
4-
""4-1
4- 1
4- 1
5c
(quar.)—
4-
Corp.,
3-25
(quar.)_
3-15
50c
50c
common
(quar.)
3-15
Kimberly-Clark
1
$1
(quar.)
377aC
50c
shares
3-15
377ac
25c
25c
King-Seeley Corp., common (quar.)
5'«
conv.
preferred (quar.)__„
Kinney Coastal Oil Co
Kinney Mfg. Co., $6 non-cum. pfd.
Co
—
(quar.)
^xuducts,
30c
3772c
3-
2-25
(increased)
preferred
Oiccl
dividend
$2
$1.50
15c
$1.25
I2V2C
$1.1272
Keystone Steel & Wire (quar.)
3-15*
1
$1.75
—
Munanu
6
4-17
Monsanto Chemical
2-15
-
3-
1
Monroe Chemical Co.,
3-15
—
Convertible
3-11
2-23
2-28
3-15
25c
(quar.)
Breweries (irreg.)
Bell
1
5-
3r20.
2-28
3-15
(quar.)
preferred
Park
Illinois
4-
3-20
,i 1
(quar.)_
common
4- 1
3-20
60c
5c
2-28
*10c
___
-
*
3-11
(quar.)
Mid-West Refineries, Inc.,
3-15
15c
—
Hyde
1
preferred
$2.40
3-15
25c
-
4-
2-26,
Mickemerry's Food Products—
45c
50c
(quar.
3-11
3-15,
3-15,
34c
•
preferred
1
Funds—
63c
Huttig Sash & Door Co., common (quar. )—
57 preferred (quar.)
5% preferred (quar.)—
&■ 57
4-
3*157
B-4
25c
Mortgage Corp,
3-11
2-28
$1.50
$1.50
$1.50
15c
(quar.)
S-l
4-
15c
Houdaille-Hershey $2.25 preferred <quar.t_
Hubbell (Harvey) Inc. (quar.)...
Hudson Bay Mining it Smelting Co., Lcd.__
Humble Oil & Refining Co. (quar.)
c__
Humphreys Manufacturing Co., common
lUM&S:
2-21
25c
—
pfd.
Series
3-
HOmestake
preferred
3-15
(s-a>_
preferred Series 1940 (quar.)
$6 prior preefrred (quar.)
Michigan Sugar, 67 preferred (accum.)__
3-1
2-18 3r 4 ;3-13*
Series
3-15
'H$l- class A (quar.)
f 67
3-30
Co.
6T0
20c
75c
.
Manufacturing
Michigan Public Serv. Co., 67
10c
25c-
(quar.)
Miami Copper
3-15
^
20c
preferred
(quar.)—
Holophane
Company
(increased)
Holt (Henry) & Co., $1 class A (quar.)
\'i $1 class A (quar.)
^$4.25 preferred (quar.)
Hoover Co., common--
2-23
2-20
(quar.)
50c
Hooker Electrochemical
1
9
Extra
—
Mining Co, (resumed)
Honolulu Oil Corp
Honolulu Plantation Co
4-
3-
»
2
3-
25c
Hcllingsworth & Whitney
(George W.) Co., common
2-28
,
2-15
3-16
3- 1
3-20
3-22
25C
Holme
2-28
1
'
7
4-1
3-11
3-29'
3-15'
3-11
4-1
3-29
4- 1
4-1
4- 1
3-11-
2-15
3-12
43%C
(quar.)
Mines
1
&
7To
Metals
15c
common
50c
Gold
4-
4-
Special
Keystone Custodian
62V2c
" ,35c
$1.75
15c
25c
97V2c
,
Thermit Corp., common (quar.).i
preferred (quar.)
______
Disintegrating Co
Meteor Motor Car Co. (quar.)
Metropolitan Edison, 3.90To pfd. (quar.).—
(quar.)
Corp.
(quar.)
2-28
Metal
^
"J".
3-11
1
4-
25C
'(V77
Co.
A
Copper
Co.
2-28
Wheel—
class
conv.
Kennecott
Machine
2-26.
3-26.r>.
3-25
3-» ^
2-25
25c
(quar.)
Consolidated
Statler
3-22
$1.50
1
Inc.—
-
Hollander (A.) & Sons, Inc.
Hoskins
1
4-
50c
.
Hotels
3- 5
37 %e
—
preferred
3-
75c
Beywood-Wakefield Co., common (irregular)
Hibbard Spencer Bartlett & Co. (monthly) —
Monthly ■
Hinde & Dauch Paper Co., $4 conv. pfd
4% 7
3-12
3-15
3-15
Gas,
Co., common
preferred (quar.)
Company
(Julius) & Co. (irreg.)
Kayser
Mesca
.
2c
Drug
Kelsey-Hayes
3-26
$1
Natural
2-23
,
$1.62%'.
7ac
50c
$1.25
$1.25
75c
$1.50
(quar.)
Kawneer
6
25c
Co.——
---
Katz
3- 4
4-
(initial)-—
Hein-Werner Motor Parts—
Rubber'Corp.
$5 preferred
$4.50
preferred A (Accum.).Co. (quar.)
Brewing Co
Powder
Kansas-Nebraska
4-20
$1.25
common
new
3- 9
2-25
1
3-15
4-
,
preferred A (quar.)
3-11
Uurp.
1
4-
GVaTe
3-15
1
&
3-11
3-12
Mining
Hollinger
3- 9
1
1
11- 9
1
—
25 c
Heileman• (G.)
Common
4-
4
$1.50
(quar.)
Hearst Consolidated* Publications,
y
2-20
10c
(quar.)
preferred (quar.)
Harrisburg Gas Co., 7% preferred (quar.)—
^Jarrisburg Steel Corp. (irreg.)
Harshaw Chemical Co., common (quar.)
Hartman Tobacco, $4 pr. preference (quar.)
>$3 ' non-cum. preference (quar.)—
Haverty Furniture Cos., Inc., corn. (quar.)__
.J $1.50 preferred (quar.)r_f
Hawaiian Electric Co., Ltd. (quar.)
Hewitt
3-11
$1.2159
$1.2159
Co.
Instrument
67
Hercules
3-15
3-
$1.12%
(M. A.) Co., common
Harbison-Walker Refractories Co.—
77
3-1
$1
Hanna
Hecla
3-15
25c
—
4%7 preferred (quar.)
47*7 preferred (initial)
Hazeltlne
3-
3-U'
preferred (quar.)
conv.
Hammermill Paper Co., common
Hammond
3-15
3-20
___
8-10
2
10c
(quar.)
(s-a)
Laughlin Steel Corp., com. (quar.)
preferred A (quar.).
5% preferred B (quar.)
Joslyn Mfg. & Supply, common
6%
preferred (quar.)
Justrite Manufacturing Co. (quar.)
Kalamazoo Vegetable Parchment (quar.)
Kansas City Power & Light Co.—
$6 preferred B (quar.)
I
2-28
25c
25c
(quar.)--
9- 3
12-
ol Ree.
.
,
1
5%
3-15
$1.10
(quar.)—
preferred
Bros.
(W. P.) Printing Co, (quar.)
Hamilton Watch Co., common
Hall
5-10
4-
Johnson
&
3-20
Utilities—
Gulf States
Hale
.
(quar.)
Inc., common (increased)—
preferred
Johnson
8
6-10
—
$1.37'/a
$1.50
$1.75
3oc
$1.0674
(qi?ar.)
uo.,
4-1
'
$1.50
preferred (quar.)
$6
xea
4%%
^l
25c
Co.,
preferred
7
2-26'
4-
(s-a)
preferred
3-15
3-15
%W Special
Power
6'»
1
$1.25
(quar.)
preferred
Holder*
r,
Payable
r,
25c * 3-29
$1.12%,-4-i I;.7
$1.31 V*
4-1
$1
3-21
4)
50c
$1.25
15c
35c
(quar.)
Jersey Central Power & Light—
5 Va CA
preferred (quar.)
9-25
25c
Gulf Oil Corporation (quar,)
Gulf
7%
3-25
7-
$1.25
preference C
preference D (quar.)
Water Supply Co., com, (quar.)—
$5 preferred (quar.)
Jefferson Lake Sulphur Co., Inc., common..
5-15
1
Inc., common (quar.)
4VaTa preferred (quar.).
57*% preferred (quar.)
Mergenlhaler- Linotype CO
Merritt-Chapman & Scott Corp.—
4-
Jamaica
When
y
Share
Hame ot Company
7
H7c
x$1.75
xl3k'f»
xlV4%
xllA%
5%
$1.25
Sugar Co., $5 pfd,
Guantanamo
1
4-
—
Oil Corp.
1
Watch
Gruen
5Vo
4-
(quar.)
(quar.)
(quar.)
1st
1
50c
tquar.ju
5%7
conv.
preferred
Griggs Cooper & Co.—
57
4
3-
35c
(irreg.) —
Brewery Co.
r
>
3-
4- 1
$1,067*
(quar.)
Western
3-U
*5c
.
(B..t Wire, new common <quar.)__
Greyhound Corp., common (quar.j— -*
Greening
'0. 4%7
Irving Air Chute Co, (increased)—
Irving (John) Shoe, 67? preferred (quar.).
Irving Trust Co. (N. Y.)
(quar.)
Jamaica Public Service, Ltd., com, (quar.)__
7% preference A (quar.)
'
7c/o preference B (quar.)—
9
r
Cananea
Greene
30c
2
$1.75
—„
Co
4-
50c
preferred (quar,)
Green (D.)
2-28
3-30
*75c
3-14
30c
3oc
30c
30c
25c
37%c
15c
——
(quar.)
*75c
2nd preferred
Great Western Sugar Co., common
7
Merck & Co.,
(quar.)y«..w(quar.)—
*$1.75
i-s—
67 1st pfd. (quar,)__
(qUar.)
Per
"
0/ Rto.
Payable
Fireman Manufacturing Co.—
Common
-2-20
3-15
10c
—
(quar.)
Great West Saddlery,
,
Holdert
When
<4-'ret
Van* of Company
Share
■
-
Iron
—*
rr
J
ol Rec,
Payable
(N, y,>—
American Indemnity
Great
Holaere
When
Per
Share
name of Company
'"'y'"::'? :yy:;-
^
2-23
3-20 *
3-20
4-1
2-23
:
t;
3-15
Jfolume 163
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4471
:P:
Per
•
of Company
\
r-
Northeastern
Water,
She"
.
Northern
Natural
Northern
Mills,
Paper
;v
3-15
3-
3-15
3-
4-
1
3-21
87%C
4-
1
3-15
25C
"r
—
preferred (quar.)
—
Co. (quar.)—
Manufacturing Co—
Ogilvie Flour Mills, common (quar.i
Ohio Brass Co., class A. (increased!
Finance, 4%% preferred
5% prior preferred (quar.)
Ohio
Water
Line
Life
8%
Corp.,
Sugar
Ontario
Steel
1
3-23
3-
3-23
3-
8
(quar.)
Extra
3-
3-20
9
8
$1.75
3-15
2-28
15c
4-1
10c
v,
3-30.j
V
'
3-30
25c
3-15
2-28
37 %C
3-15
2-28
3-18
3-
t25c
5-15
4-15
$$1.75
5-15
4-15
—
•
4
20c
3-20
2-19
1
2-20
$15c
4-
$$1.25
4-
1
2-20
3-10
50C
2-28
$1.06%
4-
1
3-15
$1.12%
4-
1
3-15
25C
15C
3-
3-
3-12
4
5c
3-22
33-
1
50c
4-
1
1
3-15
1
3-
40c
(quar.)
4-
5-31
5-25
Pet
(The)
Gold
Perron
Class
Rochester Button Co.
2-28
5-10
4-10
A
Corp.
Nut
3-14
4-1
3-15
3-15
3-
3-30
3-11
4-
3-11
4-
3-11
4-
$1.12 %
4-
3-15
3-15
2-28*
3-15
3-15
3-15
San
3-
4
$1
4-15
3-22
San
Francisco Remedial
$1
4-15
3-22
San
Jose
3-
Sarnia
8
Scranton
25c
3-31
3-
1
Seaboard
50 c
4-
3-
8
Sears
3-12
37 Vic
4-15
4-
1
4-15
Seeman Brothers,
1
4-15
30c
3-30
3-15
Seiberling Rubber—
5% class A preferred
1
3-11
$1.75
3-11
25C
3-23
3-7
12 %C
3-15
3-
8
3-30
3-11
4-1
3-15
3-28
3-
3-25
3-20
62 %c
15c
4-
$1.50
5-
1
Silverwood
33-
1
Western
&
35c
3-15
3-30
3-
;
3-15
3-30
3-
Kjfi'l
3-
2
Am
3-
(quar.)_
Gold Mines
(quar.)
Bridge,
$3c
4-
3-25
75c
common...
A. 4____
3-14
3-30
3-14
W5em
$1,25
5-1
,
4-1
3-6
3-15
■
15
3-
8
3-
—
8
3-
(quar.)
Stove
-4-1'
1
2nd preferred (accum.35c
Tellurtde Power Co., 7% preferred «quar.)__
$1,75
3-15
2-26
4- 1
3-15
3-25
Corp. Xquar.)__
iquar.)C__—_____
Texas <5uif Sulphur Co, <quar.)
Texas Hydro-Electric; $3.50
pfd. (accum.)
Texas
3-15
1#
3-25
$1
Texas Southeastern Gas Co.
Texon Oil & Land Co,—_______
lOc
3-15
3- t"
10c
2-28
3-29
3- 7"
Thermoid
15C
3-15
3-
5 '
4-
1
-
Company (quar.)
Thew Shovel, 7% preferred
(quar,
Thompson products, Inc., comm
1
3-11
3- 1
4-
4% preferred (quar.)___
Thrifty Drug Stores, common—.
-
2-23
4-15
5
3-15
3-
4%% preferred A (quar.)
Water Associated Oil Co.
$3.75 preferred (quar.)____.
3-1
3-15
Tide
1
4-
1
3- 6
Tilo
4-
1
3-
6
Timken-Detroit
4- 6
3-
4
Roofing Co., Inc,
Axle
Co.,
<quar;).
Tip Top Tailors, Ltd. (quar.)_______
Tobacco Securities Trust Co., Ltd.—
?,
t
American dep. rets. ord. reg.
(interim.)
American dep. rets. def. reg. (interim.)
Todd Shipyards Corp.
6-15
—
3-30
3-15
-
Tooke
Brothers,
Ltd. .(interim)
3-15
3-11
Toronto
General
3-
Toronto
Iron
3-15
4
.
3-30
3_-20
3-12
2-26*
5-
1
4-19*
5-
1
4-19*
3-14
33-
3-14
3-
3-11
4-
1
1
3-15
3-
$25c
1
1
5%
4-
1
Co..
.63c
1
1
3-15
4- I
<
3-20
common—.
—
—___
—
Coal
Co.,
Twin
Disc Clutch
v
Hi
-
(quar.)—
3-
$1.25
■
,,^3-15?*$-.■ 3-,5
,
22 %C
^
commo
2-25
5-10
5-15
J:15
25c
—
•' 3-15
25c
3-11
-
preferred (quar.)——,
Tuckett Tobacco, Ltd.. 7%
pfd.
3-15
25c
4^
common
3-16
56Vn tii
preferred
Truax-Traer
3-15
4-
3-14
4-
-15
(quar.)
Tropic Aire, Inc., 6% conv. pfd. (quar %
6
$1.25
3-15
3-30
$156
—_
4-3
$15c
Insurance
Quarterly;
Quarterly :■
Trlon Company,
3-10
3-
■
$25c
(quar.)_
Co. (quar.)
Trinity Universal Insurance (Dallas) (quar.
2-11
4-
3-4
(annual )_—
$2.25 preferred
Travelers
2-26
3-15
2-15
3-11
(initial)
common
A .(initial)
Trailmobile
7
1
Class
4-18
$1.50
—
Insurance Co.
Works,
11% %y;
8%
Traders Finance Corp.. Ltd.—>
4% %
preferred (initial)_
7
4-
10c
SlVic
3-
2-28
3-
$1.37%
(quar.)—
3-11
3-
2
208
20c
3-11
3-
1
Twentieth Century-Fox Film-—
23c
3-15
2-25
3-15
2-25
1
4-
3-16
1
3-21
25c
3-
1
1
3-
Corp.
(quar,
quar,)_
25c :?
3-15
3-8
50c
3-30
3-14?
%C
4- 2
3-20
15C
3-18
3- 9
Union Asbestos
&
Rubber
(quar.)
Union Bag & Paper Corp.
Union Carbide & Carbon
8
4-
Union Investment
50c
3-15
3-
4
50c
3-15
3-
4
Union Pacific RR. Co., common (quar.)
4% preferred (s-a)
3-
X
;
*
Co.
1
.
4- 1
$1.50
—
2-28
4- 1
Union
Bond
1
3- 3
Union
Bond
3-15
2-21
Union
Preferred
Fund
Aov
25c
3-20
3-12
Union
Common Stock Fund.
6c
$$1.12%
3-15
2-16*
$1.50
3-14
2-21
Company
,
4-
1
,
3-4
Union Bond Fund A
Dairies—
$$1.25
...50c
3-
3"i
mtr""
Union Sugar Co, (quar.)
Union Trusteed Funds, Inc.—
2-28
1
3- 8
4- 1.3-15
—
3-15
4-
gy:
3-29
2-28
$50c
$30c
$20c
3-29
$1.12%
convertible preferred (quax
prior preferred (quar.)
Underwood Corp. (quar.
3-30
]
?
%c
$4.50
4-10
4-
Street
(increased
$1.50
1
5-
$15c
$$1.75
$40c
Salle
Extra
3-16
4-
25c
$1.25
South La
Common
3-12
3-30
$1.12%
—
3-11
3-10
3-15
—
2-lf
1
12%c
(irreg.)
6
3-
50c
3-11
25c
25c
$1.25
62V/2c
.
,25C'V
.
Co.,
3-15
4-
$1
..
,
3-16
1
7%
3- 9
-
¥\
2-
1
Telephone Bond & Share Go.—
.
9
10c
50c
(quar.)—i__
(quar.)
Co.
rl
3-15
5%%
(quar.)
Steel
3-20
Simpson's, Ltd., 4%% preferred (quar,)
3-20
Singer Manufacturing Co. (quar.)
3-15
$30C
2-19
45C
%
4-1
3-15
20C;
3-19
3-
4-1
15c
5
3-20
3-15
$$1.50
& Co., Ltd., common—
$$1.37%
preferred (quar.)
$1.25
Prosperity Co.. Inc., 5% preferred (quar.)__
'■
:25C
Providence Washington Insurance Co. (quar.)
Public National Bank & Trust Co. (N. Y.)—
3-22
'41
56 Vic:
4-10
5-
1
4-
1
3-
1
4-15
Bros.
4-
5
3-
2-15
4-15
6%
2-15
3-15
't
3-20
3-15
K, 3-15
ri;(2rl5
3-15
3-15'.,
3-15:
*.
—
.;
1
'
$1.25:
$1.75
(quar.).
3-29
3-29
^
^
*
n.2-28
2-28
Inc.
(quar.)
$1.50
3-14
3-11
3-
'
Fund
B
190
1%
Stock
5-9
3-20>
'
11
3-20
Fund C™_____
3-9
'
3-21
3-11
United
3-15
2-16*
United-Carr Fastener
3-15
2-28
United
15c
13%c
3-12
3-
United
.
5-15
5-
1
5c
4-1
3-
5
3-29
3-15
$1
$2
4- X
3-14
.
Southern & Atlantic Telegraph Co., Ltd. (s-a)
62%c
-
original preferred (quar.)
—37%c
5%% preferred series C (quar.)—
34%c
0% preferred B (quar.)
4-
X
3-30
3-14
2-14
4- X
3-16
4-15
3-20
4-15
3-20
.
3-15
2-20
Elastic
Co.
-
I
5%
& Mfrs.,
common
50c
50.
'
(quar.)
(quar.)
0
U.
6.
Leather,
$1.25
$1.25
—_______
________
Co.:
liSli
$2 *0
15c
•
$4 non-cum.
50c
class A—__
''if:x?:■
„
'
i.-f •
■
30c
United New .Tersev rr. & Canal Co. (quar.)
U. S. Graphite Co.
Guarantee
53c
3nc
(quar.)
_________—,_w_—
preferred
preferred
3-15
;
3-11
2-28
.3-11
^
•
i#i:
(quar.)
(quar.)..
Corp.
Fuel
Extra,
U. S.
37%c
Carbon
United'Merchants
5%
Ltd.—
;
3-1
Investments, Ltd.—
6% class A preferred (quar.)—
United Illuminating: ——
United Light & Railways (Del)—
6% preferred (monthly)
6.36% prior preferred (monthly)
7% prior preferred (monthl;
>
5%
Southern California Edison Co.,
X
40c
.
2-28
quar.)__
United Artists Theatre Circuit, Inc.—
5%
preferred (quar.)__
1
15c
Southern Advance Bag & Paper Co., Inc.—
„ '
Common (quar.)
'—25c
^
(initial
25c
(interim)...
(quar.)_———__—....
Southern California Edison—
Rope Corp.—
common
30c
'
_
South Porto Rico Sugar, com.
preferred
New
,
,
—
Union Wire
2-21
25c
-
Iron—
$1.20 preferred
(quar.)—
Socony-Vacuum Oil Co., Inc
(quar.);
.Solar. Manufacturing Corp.,. com.. (quar.)..
55c conv. preferred. A (quar.)
......
Sonotone Corp.
South Penn Oil Co. (quar.)
.....—...
8%
-j.—______
*
•
Solar Aircraft Co.
7
4-1
J., $5 pfd. (quar.)
(quae.)-..
Extra
Skilsaw,
Sloss-Sheffield Steel &
,
3-29
25C
5%» preferred
Tappan
I
—
Saw
'
"
'
—.———a
3-
25c
4-15
$75C;
4-15
^referred
3-12
B.),
preferred
Simonds
i"
;
Preferred
3-20
25c
4-15
$$1.5 <t
$3 C
*"%
5%
1
3-15
I''
'
3- 2
.
11-30
4% %
preferred? (quar.)
Tamblyn (G.) Ltd., common (quar.).
3-20
1
Sllknit,
Simmons
(quar.)
c"rt-*ice Electric Ap Gas-Co.—
1
4-
Sllverwood
40c
5
4-
25c
Ltd., 5% preferred (quar.)_.
Dairies, Ltd., common (accum.)
participating preference (s-a)_
3-20
3-12
L^ftrred
4-
25c
B
3-15
3-12
• - #•"
Class
1
3-20
.8-31
(quar,).
10c
1
3-15
5%%
,
2-25
4-15
B
4-10
25 c
Tr*
preferred ^monthly),
preferred (monthly)—.
preferred (quar.)
;^referred- (quar.)
1
3-11
_____
1
5-
1
5
Sharon
3-20
3-25
62 %c
5*
5
33-
Shoe
Class
1
2
3-
3-15
3-23
—
25c
$1.12%
37V2c
Servel, Inc., $4.50 preferred (quar.)
Steel Corp.,
common
(quar.)
$5 conv. preferred (quar.)
1
Shattuck (Frank G.) Co. (quar.)__
Sherwin Williams (Canada), com. (quar.)—
7% preferred (quar.)
Sick's
Breweries, Ltd
Signal Oil & Gas Co., class A
4-
3-15
(quar.)__
(quar.)___________
Serrick
4-
2
$1.50
2-28
$1.75
3-
(quar.)
Semler
<R.
3-
2-26
(quar,)____:—
Taggart Corp., $2.50 preferred (quar.)
Talcott (James),
Inc., common
■
$1
Selby
62 Vic
(quar!)
7%
9-15
Class
■
3-12
.
50c
4-
1
•,
10- 1
Inc
conv,
•
13-20
Co.
Tacony-Palmyra
:
$1.12%
2-25
25c
Preston East Dome Mines (quar.)—
.
6-15
45c
3-15
1
——.
3-15
10c
1
4-
quarterly
9-15
1
7- 1
&
Co.
$1.87%
3-12
12 %c
1
4-
10c
71/2c
preferred
Co.
(quar.)
Inc. (quar.)
Corp., class A
$2.50
"■
v
3-12
(irreg, s-a)__
3c
4-15
35C
10-
$1.75
25c
3-12
4-
Increased
$1.75
Ltd.
Mining
I2V2c
4-
$1
Sylvanite
of Del.
(quar.)
& Co.
(quar.)
Corp General, common
5-
$1
6-15
Oil
5-
75c
Swift
7- 1
Roebuck
$1
,25c
(quar.)„_____
$1,75
50c
preferred Class A
3-10
12-12
3-15
Co.
90C
$2.50
Sjteel Car, 4%% pfd. A (initial quar.)
Public Service Corp. of N.
5%
1
60c s,
.
divi*
4-1
3-11
1
Securities
•
'
(stock
$1.75
2-28
3-
2-28
)
Superior Steel Corp. (quar.)_.
Sutherland Paper Co. (quar.)___
1
3-31
1
3-30
9-12
Sunshine
G-30
30c
Lace
M
common..
Sunset Oils.
3-15
Scranton
pfd.
Stoves, Znc.j
2-22
4-
1
$6
2-28
2-28
H
4-15
1
3-11
75c
3-
Co.,
2-11
•
3-15
:
_
2-21
25c
1
Electric
25c
Bros., Ltd. (quar.)__
1
50c
4-
$1.50
2-15
3-11
-3-15 :
Ltd.—
3-18
-
1
1
3-20
'■'
3-15
50c
J
-
4-1
93%c
3-15
(s-a)__
3-
3-11
'A.
;
■
'25C
common
lc
$10c
Works, common
Bridge Co., Ltd.
3-
4-
•
:v- 4-30
1
•
A - (quar.)
Sunset McKee Co;
(quar.)—
Assn.
Water
3-12
$1.06%
preferred
6-
4*; 1'
;■
:
25c
90C
—
Loan
(Ohio)
4-15
3-15' •■'.r 3--1
50C
:?;
2-28
1
3-15 ' K!H 2-15
•r-
$$1.25 ■H.
(quar.)
3-15
3-29
$1.75
25C
(quar.)—
1
3-11
25C'
Pri^e
,
"Hi 5-
400
»
v
*
1
3-12
$1
preferred
4-
Ltd.—
4-
1
$1.25
2-28
10c
—
3-15
(quar.)__
3-29
4-
(quar.)
3-15
2
$1.25
3-12
3-11
;—,
(quar.)
s-a
4-
25C
$1.12 Vi
Common
4-10
2
4-
$1.25
25c
1
$1.75
Inc.
1
4-
Schiff Company, new common (initial)
Schlage Lock Co. (quar.)
Schmidt
Brewing-- Co.—
Schulte
(D. A.) • Inc., preferred
Schumaker Wall Board (irregular)—
Scott Paper, common (quar.)
$4.50 preferred
(quar.)
$4 preferred (quar.)_—
;
Scott & Williams, Inc
3-22
3-30
4-
(quar.)
5-
12 Vie
20 c
Pratt & Lambert—
Preferred Accident Insurance
Prentiss-Wabers Products Co.
Common
Increased
4-1
$2c
Ltd,—
6%
1st preferred (quar.)
6 % non-cum. partic. pfd. (quar.)_
Powell
River
Co.,
Ltd., ord.
reg
f'
$1.31%
B
Gold Mines,
4-Jl
3-15 h;-3- 1
% $1.13
(quar.)
3-15
4-15
$1.12%
Stokely-Van Camp, Inc.—
;
5% prior preference (quar.)______^
Strawbridge & Clothier, $5 pfd. (quar.
Studebaker Corp. (s-a)
Sun Oil Co. (quar.)
50c
1
1
3- 9
(quar.)
1
$1.06%
~.
1
25c
Antonio
35c
1
Tennessee
1
3-30
3- 9
4-
37V2c
Public
Louis
4-
1
•.-H3- 1
Sterling Aluminum Products
30c
4-
15C
...
4- 2
Co.
Class
common
Sterling Motor Truck
-
25c
4-
Corp of Canada,
Pressed
St.
Inc.,
(Ky.)
.
Works, Inc.—
Inc.
V;
5-15
8-15
3-15'
$1.25
:■
2-15
;
„
(quar.)__'
4-
25C
(quar,!
3-11
(quar.)
$1
1
4-15
25c
.
$1.25
4-
4-15
25c
12 %C
50c
1
1
$1.75
Service, class A
(quar.)
St. Regis Paper Co., 5% 2nd pfd.
$2.50 prior preferred
(quar.)
'
1
4-1
quar.
Brothers,
3-
:
Extra
Sterchi Bros.
Common
5-
$1.50
Co
Co.
3-15
10c
preferred Iquar.).
Stedman
15c
20C
& Chocolate
—,
H.)
3-1
$1.06 Vi
Standard Wholesale Phosphate & Acid
25C
(Helena), class A (quar.)
(Jacob) Co., 4%% pfd. (quar,)___
Manufacturing Co.
Ruud Manufacturing
Safety Car Heating & Lighting Co., Inc.—
Quarterly
Safeway Sieel Products, Inc. (quar.)
Saginaw & Manistee Lumber Co
3-15
-40c
5-
3-15
■Common
Ruppert
3-15
4-
.
4-
15c
9-16
12 Vic
quar.)
Standard Paving & Materials,
Partic. conv. preferred
8
4-1
13%c
Russell
3-15
4-
20C
3-
Gas
Brands,
3%%
2-28
1
6-15
Co._^_
&*Elec., 5%
Standard Oil Co.
3-25
Rubinstein
1
25C
_________
preferred
& Alexander,
Increased
1
3-15
(initial
Standard Oil Co.
4-19
4-
■vy 3-15
$1.25
Standard
3-19
1
$1.25
$1.25
Standard Oil of California
(quar.)
Oil Co. (Indiana)*(quar.)
1
3-29
37 Vic
Co., 5% preferred (quar.)
preference (quar.)—
prior
Roos
70c
(accum.)
Powdrell
5%
Paper
(H.
Rockwocd &
2.-28
3-15
$1.25
Plymouth Oil Co. (quar.)
Polaroid Corp., 5% preferred (quar.)
$2.50 preferred (quar.)
Porter OH.-K.) Co., Inc., common
5%
preferred (quar.)
Potomac Edison Co., 6% preferred
Power
Robertson
7
30c
—
Extra
8
3-
50C
Philip Morris & Co., common (quar.)
4%
preferred
(quar.)
3.80% preferred (initial quar.)
Pieroe Governor Co., Inc
Fillsbury Mills, Inc., $4 preferred (quar.)—
Pittsburgh Bessemer & Lake Erie RR. (s-a)
Pittsburgh Brewing Co., $3.50 pfd. (accum.)
Pittsburgh Consol. Coal Co. (initial quar.)_
Pittsburgh Fort Wayne & Chicago Ry.—
Common (quar.) __L1
7% preferred (quar.)
Pittsburgh Forgings Co. (quar.)
Pittsburgh Metallurgical Co., new (initial) __
Pittsburgh Thrift Corp. (quar.)
7%
3-
3-15
35c
Brewing Co
Philadelphia Co., $5 preferred (quar.)
$6 preferred (quar.)
Philadelphia Electric Co., com. (quar.)
$1 preference common (quar.)—
Philadelphia Electric Power, 8% pfd. (quar.)
Planter
3-29
Raisin
Ruberoid
(quar.)
Company
Mines.; Ltd.
Pfelffer
Philco
4-15
3-15
5-
4-1
(quar.)_
(quar.)
River
75c
Milk
$1.25
Riley Stoker Corp.
1
Ronson Art Metal
;
Co., common, (quar.)—
4%% preferred (quar.)
4%%
2nd preferred
(quar.)
Petroleum & Trading Corp.—
*
Riegal Paper Corp.
3-11
$$1
.
8-1
$7
5-
$1.75
50c
3-15
$$1.75
...
:
3
$1.12 Vi
(quar.)
1
$1.25
(quar.)
7%, 2nd preferred
4-
30c
25c
7% 2nd preferred (quar.)
Richardson
Co.
(irreg.)
1
$4.50
IOC
3-28
-
(quar.)_
preferred
$1
L.
...
9-
4*
2-15
'
Standard Chemical Co.,
Ltd., 5% pfd. (quar.)
Standard-Coosa-Thatcher
(quar.)
Standard Fruit &
Steamship Corp.—
3-15
<: 0-1
$40c
50C
,
Pennsylvania Power & Light Co., common..
4%%' preferred (quar.)
Pennsylvania Salt Manufacturing
Pennsylvania Sugar Co., 5% pfd. (quar.)..
Pennsylvania Water & Power, com. (quar.).
?
$5 preferred (quar.)
Peopled Drug Stores,.'Inc.—
—a—
Peoples Gaa Light ;& Coke Co
—
/ Extra
—■
$40c
(quar.)
2-28
3-
vi
■,;.4- 1
preferred
Standard
3-15
(quar.)
$1
Ford, Ltd; - (quar.)—;
Peninsular Telephone Company—
.Common (quar.)——
Penn Electric Switch, class A (quar.).Penney (J. C.) Co., new common (initial)..
Pennsylvania Edison, $5 pfd. (quar.)
$2.80 preferred (quar.)
Pennsylvania Glass Sand Corp., com. (quar.)
Circle Co.
:■
4
3-
3-15
$1
Staley. (A,, E.): Mfg., $5 preferred-i.-_ii.-._i.: $1.37%
2-21
.,
1
preferred
3-15
4-
$1
&
(quar..)
$1.75
4-
preferred
5
4-
tic
preferred
$1.25
non-cum.
3-14
40C
—
Interim.
Permutit
8
3-15
1
t
Pictures, Inc. (quar.)
PatchoguerPiymouth Mills Corp
Paton Manufacturing Co., Ltd., com. (quar.)
7% preferred (quar.)
Paymaster Consolidated Mines, Ltd.—
„
4-
50c
Perfect
6-
6-15
$2.50
$31 %C
< quar.)
& Transport Co.—
62 %c
5%
2-25
Rheem
3-15
3-15
Paramount
-.
3-21
3-15
Reynolds (R. J.) Tobacco, 3.60% pfd. (quar.)
Manufacturing Co., coipmon (quar.)
Rice Ranch Oil (quar.)
Rice-Stix Dry Goods Co.—
7% 1st preferred (quar.)
1
7% 1st preferred (quar.)___
7% 1st preferred (quar.)
7% 2nd preferred (quar.)
6
3-15
'.•4% preferred (quar.)
Paraffine Companies, Inc., common ( quar.)_
5% preferred (quar.)
-•
4-11
15c
Extra
2-23
5
25c
(quar.)
Penick
50c
55c conv. preferred (irreg.)
Republic Investors Fund, Inc.—
6% preferred Class A (quar.)
6% preferred Class B (quar.)
Republic Pictures, $1 preferred (quar.)
Republic Steel Corp.; common6% prior preferred A (quar.)
Revere Copper & Brass, Inc.—5%% preferred (quar.)_
Reymer & Brothers, Inc
3-30
2-19
75c
common
(quar.)___
preferred
(quar.)_
Reo
Motors,
Inc
:—
Republic Drill & Tool Co.—
1
5-
$1.50
Mills
Inci'6&»sG(i
<
3-14
3-14
$4.50
3-20
$35c
(quar.)—....—_—
Panhandle East. Pipe Line,
1
:
4-
(initial quar.)
52 ViC
Reliance Grain Co., Ltd., 6Vi% pfd. (quar.)_ $$1.62Vi
$$1.62 Vi
Remington Rand, Inc., common (quar.)
30o
;
Stock dividend ^
5%
3-15
1
IOC
Petroleum
3-15
non-cum.
New
50c
Pan-American
1
50c
Reliance Electric & Engineering Co.
9
3-15
4-
$2
"5% preferred (s-a)
Page-Hersey Tubes, Ltd.
4-
50c
Mills, Inc., common
prior preferred A (quar.)
preferred (quar.)
3-
3-25
;>'"?■ 75c
Co.
Quarterly
60c
Hosiery
3-12
yr: 31 vie
conv. pfd. (quar.).
Springfield Fire & Marine Insur. Co. (quar.)
Squibb (E. R.) & Sons—
vvV:,
f* New, common (initial)
:• $4
preferred; (quar. 1
1st preferred (quar.)
preferred
Co._
Spiegel, Inc., $4.50
2-28
$1.60
;
3- 9
18%C
_L—
(quar.)—
Manufacturing Co., common
3-12
Gas
pld. (quar,)
Southwestern Life Insurance Co. (Dallasi—
1
37 V2 C
2-15
Pacific
Southwestern
1
3-15
3-20
Natural
Southland 'Royalty
1
12 V'2C
4-19
4J/i%
Regent Knitting Mills—
3-15
3-
'
(quar.).
\
3-30
$1.50
.
Pacolet
3-
of Reo.
3-1-46
40c
Southern Union Gas Co., common^..._L..»
3-1
3-15
$1.60
7%
preferred
(quar.)——
Orange Crush, Ltd., 70c conv. pref. ( s-a)__
Otis Elevator Co., common—.——
—
6% preferred (quar.)
Ottawa Light Heat & Power, com. (quar.).
5 % preferred (quar.).—
*
Otter Tail Power Co. (Minn.)1, com. (quar.)
$4.25 preferred, (quar.):
$4.50 dividend series iquar.)
„
Ox Fibre Brush Co., Inc.-.———-——
Paauhau Sugar Plantation Co._
Pacific.Coast Aggregates, Jnc. (quar.)..
Pacific Coast Terminals Co;, Ltd. (s-a)
Pacific
3-
3-15
^
Silk
5%
7%
J
3-
Co,
Co.
Reai
5 t
3-15
HaMert
Payable
4-15
preferred
.^>5% preferred (quar.)_
3-12
IOC
When
Shore
1
$$1.50
partic.
com,
(quar.)
;
Southern Railway Co., common
(quar.)____
5% preferred (quar.).
;____
5% preferred (quar.).
,;.3- 1
1,
2%C
...
Reading Co., 4%
3-
4-
1
5-15
Southern
1
37 Vic
;
3-11
-
3-12
'
$20c
Southern
3-12
3-15
Power,
(quar.)
11.
Southern Greyhound Lines (Jncreas
5* 1
2-28
93%c
2-28
3-11
3-15
1
Canada
(quar.).
6%
3% 1
,
5-31
-
Southern
: 3-15
.
4-IO::
25C
1
4-
1
3-29 J
....
(quar.)
(quar.)
4-15
3-
1
4-
30c
________
common
75c
$1.50
Raybestos-Manhattan Co.
(quar.)
Raytheon Manufacturing Co.—
$2.40 preferred
(quar.)
Rayonier, Inc., $2 preferred (quar.)
3-15
43 %C
—
Co., common
preferred
2nd
(quar.)
Pacific Indemnity
.
2-26
1
'•
Co.
Products,
3- 8
8
20C
—
Oneida,
Ltd., common
(quar.)
6% preferred (quar.)—_______
Onomea
3-
4-
pfd. (quar.)
conv.
(quar.
Rand's
(Pittsburgh)
common
8%
preferred
(quar.)
Rapid Electrotype
(quar.)
5
3-
25c
:
common
preferred
3-
3-i5f;
$1.25
—
•—
Quarterly
Omar, Inc., common
6% preferred .(quar.).
Omnibus
3-15
50c
(increased quar..).
& Electric, 7% pfd. (quar.).
Insurance Co. of America-
Oklahoma Gas
Old
3-15
(quar.)
"
3-20
37 %C
4-
$1.12%
quar.)
preferredt
Service
50C
$1.25
Co., 5%
Oats
3%%
2-20
•
50c
(quar.)
Co—>.
prior
3-28
preferred
preferred (quar.)
Quaker State. Oil Refining
?
15c
Ohio Seamless Tube Co.—
$1.75
4-15
$4.75
2-20
3-15
15c
(accum.)__
$2.50 cl. A
(reduced
5
50C
Ohio
Match
3-
25C
(increased)
Common
$1.25
Industries
6%
8
3-15
v
15C
60c
2-
3-15
V
30C
*
Oahu Sugar
Ohio
3-15
Quaker
,
3-11
15c
Oak
Ohio Confection Co..
y
93%C
iquar.L
Co. (quar.i.
Corp., common (irreg.)
B
$1.18%
3-15 *.
2-28
Pure Oil
1
-
Class
i' 4- 1
Puget Sound Power & Light Co.—
$5 prior preferred
(quar.)
Pullman, Inc.
;
1
$1.75
No-Sag Spring
Nu-Enamel
$1.75
Publicker
1
$1.50
$3.75 preferred (quar.).
Norwalk Tire & Rubber Co., 7%,.pfd.iquar,)
Pharmacal Co.
i 3-15
:
.
7%. 1st preferred (quar.)—.
«7% original preferred (quar.
Per
Name of Companv
$1.75
common
V-'
ot Ret
3-25
v
Lines, Inc.
Northland Greyhound
Norwich
3-
Payable
500
publication Corp;,
?
2-16
3-25
,
:„./3-l5; ■:
25C
<quar.).
common
preferred
(quar.).
preferred (quar.i
7%
A 65C
,
y Share
4% pfd, (quar.)
(quar.)^^-^
4- 1
2- 4
.
1325
Roiaert
.
Vame of Company
,
When
$1
'
(increased)-
Gas
3-11
60c :f
—~—
5-15
1
6-
$1; V
,
?~-
Liberties Gas——
Northern
6%
(quar. I
v
,
ppbHe, Service Co. Of Okla.,
^11,
'
$4 preferred
per
nf Fee
pawthig
-
,35c»
common.
Holdert
When
2-19
3iSiM
VftWwiit* I*!*W1 ■O H'rtr** H'
i^fc®!^^:';:
.1330
II
THE COMMERCIAL & FINANCIAL CHRONICLE
-
■
r
Pipe & Foundry
40c
(quar.)
Quarterly
ww ?"* *
**"" ~T^'"" •* s* ** •"*
3-20
2-28*
6-20
5-31*
;U/^S. Playing
y
40c
9-20
8-31*
40C
^
12-20
11-30*
50c
4-
1
3-16
$1
Card Co. (quar.)——
M*
4VUVMVJ.
W»J
-»
»
Tobacco,
S.
4-
1
3-16
1
Vulcan
P. S.
|
Joints
Universal
3-15
3-
4-
(irreg.)
Co.
3-
2-28
40c
3-14
3-
1
62 %C
(quar.)..
3-11
3-
1
.
62 Vic
7-
1
62 Vic
10-
1
9-20
3-20
3-11
25C
.
3-
50c
•
preferred
$5
6-20
3-
9
.*
7-15
3-10
13 tic
3-15
3-10
9
$1.50
3-20
3-
$1.75
common
4-20
6-10
6-
$1
4-19
3-30
4-
1
3-16
3-15
2-16
50c
3-15
2-16
Wagner
50C
3-20
3-
25c
4-
Ltd.
(quar.)
Bldg.
—
(s-a)
Electric Corp. (quar.)
Waldorf System, Inc. (quar.)
Walgreen Co., common (quar.)
4 %
preferred
(quar.)—
Walker
<H.)
$1
9-
1
$1.75
12-10
12-
1
7C
3-15
3-
&
Mills
preferred
8
West
Co.
4-
$2.50
3-
1
1
3-
3-15
3-
5
20c
3-11
3-
1
25c
3-15
3-
5
25c
3-15
3-
I
$1.25
3-20
3-
8
4-
8
$4.50
1
1
5-15
2-23
3-15
1
4-
1
3-
50c
—
4-
1
3-19
8-15
193678425%
preferred
1
3-15
$1.50
4-
1
4-
1
$1.75
<s-ai
Certificates
vj? National Bank of Boston, 45 Milk St., Boston 6, Mass.
tyM This stock was Issued in 1937 as a stock dividend on the common
company.—V. 162, p. 3122.
stock of the
Western Auto Supply Co. (Mo.)—Annual Report-
6%
Lester Hutchings,
President, on Feb. 20
stated In part:
*
at
Dec.
Through
~A.
?!
Davis
private sale in September,
a
has
a
beneficial life
interest,
1945, a trust in which Don
100,000 shares
disposed of
of
holdings In the company's common, stock to Gamble Stores Inc.
At the time of such disposition, Mr. Davis resigned as Chairman of
the .board of directors,
but will continue to serve as a member of
the board.
The trust in which Mr. Davis and his family are ben¬
its
5
interested still retains substantial holdings
Supply stock.
eficially
of Western Auto
B. C. Gamble;' President of Gamble
Stores Inc., of Minneapolis,
Minn., was elected a member of tne board of directors in September,
1945.
Through the acquisition of the 100,000 shares of common stock
just mentioned, and 43,500 shares which had been acquired previously
on
the open, market, Gamble Stores Inc. is now the largest single
stockholder in Western Auto Supply Co.
INCOME ACCOUNT FOR YEARS ENDED DEC.
t':
(net)——
(net)—
Retail sales
.
$31,414,178 $25,413,998
Wholesale sales
■'■w-'f"Cost of
' Total
27,391,504
het sales.;.,.—
sales, incl. certain occupancy and buy-
43,635,418
132,889
319,675
1,278,632
1,218,317
20,569
Taxes, other than taxes on income
35,772,921
265,779
379,334
.
23,938
—•
Rentals
debts
Other
21,739,217
$58,805,682 $47,153,214
ing costs,,
—
^Maintenance and repairsDepreciation and amortization—
Bad
1944
1945
.
selling, general and admin, expenses-—
100,478
377,122
8,622,494
7,649,748
operating
,! Other income
profit
$1,691,016
404,680
$4,470,568
529,002
Total
—
Interest
«4,999,571
183,083
—
debentures—
on
Amortization of debenture discount and expense
Other interest
$2,095,696
192,021
27,293
24,997
!
■;■!>;
—
for Federal
Provision
;
.;,
Provision for Federal
for State
Provision
normal
income
4y2%
Net
:
income
~2~5~833
(est.)—„
Crl74,461
income
Earnings per
$2,718,306
—
:
paid
share———
$1,302,731
939.210
$3.62
751,368
C
$1.73
■
■'
SHEET, DEC. 31
ASSETS—
Cash
on
mand
'
11945
J
1944
,
$8,838,342
;,314,000
Woodley
Woodward
7%
s
,
..
tlnventories,
tFurniture,
.
972,180
.
representing physical inventories-
jAfter
debentures,
$1.12%
4'/a%
conv.
prior preferred
(quar.)_,
$1.12%
Wright-Hargreaves Mines, Ltd. (quar.)
Wrigley (Wm.) Jr., Co. (monthly)
ibc
Young
21,937
16,447
15,958
18,565
3,545
-r——
'
*
-
•
<
30%
769,353
62.021
8,140
Cost
of
1
1
2-21
4-
1
3-20
25c
Corp
3-15
3-15
,
;
2-28
___
not
15%;
less
sales,
closed
resident
for
tax.
discounts,
3-
1 •
this dividend.
7%.
Less British
a
Non¬
Income tax.
returns,
and
allow.
Net
$72,615,174 $90,318,157
expenses
due
$93,454 in
interest
Profit
$482,947
7,513,680
Gross
of securities—net
Federal
in
1945
Net
and
Commission]
591,716
as
373,209
65,920
221,363
262,029
for
$13,839,718 $22,801,812
contingencies
deductions
normal
excess
and
500.000
—
377.629
income
net
taxes
surtaxes
profits
taxes
1944
$4,177,091
1,796,214
554,329
216,560
412,000
—
650,000
1,885,000
1,750,000
7,040,000
(net)
14,355,000
replace¬
or
income
Cash
678,171
634,999
834.494
income
income
Provision
Miscellaneous
Earned
1945
$4,821,152
2,030,029
389.885
,750,261
sales
on
5,450,000
949.
Commerce
68,852,503
$11,643,715 $21,465,654
investments
on
Royalties
1945 and $116,809
first-out)
depreciation of
60,971,459
profit from operations
Dividends and
»
1944
distribution, administration,
and
general
1943
$2,898,578
1,043,969
514,924
for
surplus
year
at
$4,125,089
beginning of
i$1.25
per share)
Earned surplus at end of year
per capital share
CONSOLIDATED
ASSETS—
'
Cash-
.14,610,159
$20,100,866 $19,940,411
3,964,634
3,964,634
—
$16,136,233 $15,975,777
Earned
,
$5,330,252
15,975,777
year
surplus before dividends
dividends
$1.30
BALANCE
SHEET,
DEC.
$1.68
31
:
1945
:
1944
;
$13,731,418 $17,936,102
*U. S. Govt, and other marketable
securities—
15,963,036
16,825,132
tNotes and accounts
receivable
12,327,687
14,565,181
Accrued interest receivable,
1
33,953
34,231
mechanical
it
reasons
is
not
receivable, not current—
Capital stock of European subsid.—at
Other
capital
Total
property—net
Patents
to
which
$72,615,174,
is
(at
Sales
;J
5,573,538
taxes-
3,626,011
8,331~579
value
value)
7,747,732
1
1
670,396
charges
Advances
Accrued
869,678
$77,258,875 $84,608,368
$3,828,680
on
uncompleted
taxes, royalties,
Deferred
credits
to
$3,683,388
18,990^509
26,351,389
contracts
292.101
etc
income
47,136
conting., workmen's compens., etc
Minority int. in cap. st. & surp. of subsid
Capital stock (3,172.110 shares no
81,321
3,360,510
for
3,328,716
2.589
34,893.218
16,136,233
surplus
2,458
34.893.218
par)
Earned
-Net Profit
15,975,777
Total
Taxes
$22,139,397
prof.
—
taxes, and profits for the past ten-year period are shown
comparison with the current year.
Year—
excess
1
5,393,634
etc
Accounts payable
Res.
Total
book
nominal
852,851
1
LIABILITIES—
about 80%
$1.30 per share.
Net
bonds,
16,577,910
594,348
val.
nom.
Total
of
the record high sales in 1944.
This decrease is due to cutbacks and
terminations resulting from the end of the wars in Europe and the
Pacific.
Net profit in 1945 was $4,125,089, which is equivalent to
amounted
stocks,
Reiundable portion of Fed.
possible.
1945
20,212.822
—
Notes
always
Deferred
for
1
3-
$1.12%
Coke
books
sales
and
200.281
to arrange companies in exact alphabetical
However, they are always as near alphabetical
in
3-
3-15
Jamaica income tax.
resident tax
Westinghouse Air Brake Co.—Annual Report-
$5,548,782
$1,541,133
Total
33,180,562
2,002,445
6,253,381
$77,258,875 $84,608,368
14,153,415
1,212,634
993,816
reserves—1945, $159,450, 1944, $157,786 (quoted market
value—1945, $16,461,281, 1944. $17,102,625).
tAfter reserves for doubt¬
ful items 1945,
$255,694; 1944, $359,336—V. 162, p. 3240.
18,114,331
1940—
4,967,079
5,591,606
54,938,631
11,385,227
6,058,635
62,428,773
11,690,877
69,339,323
14,514,270
4,232,911
4,514,914
90,318,157
1945
the sale of
in
1945
18,287,809
1 0,668,352
4,125,089
includes
securities.
book
a
cost
The
cents
profit of $834,494 realized on
'
19.
directors
in
the
uncollected
connection
with
appropriate
claims
terminated
government
amounted
to
pected that these claims will
collected
States Government
and
10
the
At
Dec.
$1,990,000.
have
1945,
31,
is
It
been
war
and
established
share
quarterly
a
March
cents
30
to
represents
dividend
stockholders
share
per
is
a
(No.
of
65)
record
of
20
March
from
ordinary net income
special dividend from net
profits.
during 1945
Sept. 29, 20 cents each; and
were
Dec.
as
follows:
March
31,
27, 90 cents.—V. 163,
June
p.
30
and
949.
Wilmington & Northern RR.—Stock Trust Ctfs. Called
other material
years
reviewed
its
per
securities
Distributions
10
ex¬
1942, 1943 and 1944
by the War Department as required by
the
Renegotiation Act. The War Department determined for each of the
above-mentioned years that the company had not made an excessive
profit on said sales and ho refund was required.?? The company
been
cents
declared
payable
full.
in
sales of
for
contracts
agencies.
approximately
be
RENEGOTIATION—The company's
United
war
have
share,
per
Approximately
realized
claims
with
less
Wellington Fund, Inc.—20-Cent Dividend.—
5,330,252
72,615,174
—
"At
2,765,629
1.655,541?
32,513,454
1941.i
policy of making voluntary price adjustments
All of the
Z,
outstanding 4% gold stock trust certificates, dated March
beep called for redemption of March 29, 1946. at 105
Immediate -payment" of the full
redemption price will
1900, have
and
interest;
be made at Girard
Trust Co.. trustee, Broad and Chestnut
Sts., Phila¬
delphia, Pa.,'upon presentation
V.
and
surrender
of
said
certificates.—
141, p. 773.
1945,
INCOME
TAXES—The
almost
three
Federal
quarters
and
of
State
the
profit
payment of income and profits
taxes amounted to $9,337,000.
taxes.
once again
during the year
provision for these
■ V ^
governments
earned
The
Although corporate profits in
1946
will not be
subject
profits tax, Federal and State income taxes will be
excess
on
stockholders
pn corporate
85when the
38^
the
of
a
result
profits,
plus
remaining
this
prompt
as
double
of
an
net
a
combined
individual
profit
taxation
of
is
normal
a
and
income tax
to the
heavy
surtax
of
19%
received in dividends.
Income should
corporate'
attention of Congress.
.
CORPORATE OWNERSHIP—Company was owned by 25,664 stockholders at Dec. 31, 1945. Included among these stockholders are 37
insurance companies, 30 investment trusts, 31 educational institutions,
132 >theh non-pi'ofit organizations, 1,496; trusteeships.^ 466 brokers,
172
$34,619,070 $30,570,568
„
&
Inventories
sales
i
4-
25c
(L. A.) Spring & Wire (quar.)
preferred (initial quar.)
4V2%
Miscellaneous' other
$3,982,282
1,378.797
NOTE~—For
receive
.
3-15
'
'
tPayable in U. S. funds, less 15% Canadian non-residents' tax,
JPayable in Canadian funds, tax deductible at the source, v
186,746
(first-in,
cost
Interstate
with
income
1204.
724,959
310,624
43,833
25,727
Total
of
for
p.
oper.
808,036
—
163,
railway
railway
Consideration
310.624
3-16
3-
3-20
7,513,680
1946
931,895
Employees' travel advances.
—
4
4444
Employees' miscellaneous loans and advances.4
Sundry other assets—^
J.
3-28
3-20
1
5,175,000
lower
reserve
[As filed
10,393,296
Recoverable Federal taxes on income Jest.)
Postwar refund on Federal excess profits tax—
$1.75
37 t'zC
Pump & Machinery—
(quar.)
prior preferred (quar.)
Common
-Earned
860,424
——
the
at
1944.—V.
position
3-15
3-16
9
21,611
doubtful accounts of
for
tPriced
163, p.
3-30
3-28
Worthington
Federal
order.
to
10c
50c
(quar.)
common
(quar.)
3-
$34,619,070 $30,570,568
in
4
3-20
2,113,641
income
on
(par $10 per share)
possible
0f
Lothrop,
1945
liabilities
reserve
11,527,042
fixtures, equipment, etc
Deferred charges
6c
preferred
Gross
income
on
from
burden
3-
15c
59,042
State taxes
in
$7,902,062
2-28
3-15
608,907
30,127
from
hand, in transit, and unrestricted de¬
deposits
3-30
15e
__
x Less
1,216,003
56,305
January—
took
BALANCE
^
+50c
(quar.)
3-15
Western Pacific RR.—Earnings—
during
Ltd.
Industries, Inc.Petroleum Co. (quar.)
Pennsylvania corporate
followed
Cash dividends
■•!
148,330
35,847
2-28
Light—
(initial quar.)
3-15
$275,000
value.
the
&
Manufacturing Co.,
Woodall
1,885,989
1944.
have
Power
preferred
,
972,000
to
taxes
on
1,075
721,204
income
profits tax
excess
Recoverable Federal taxes
taxes on
45
1,888,961
,
v
3-15
.
4
12,795,070
All
'
$1.1212
1
3-
972,000
filed
4-15
3-11
$275,000
Other income
Net
4-30
25c
14,574,166
below
3-
$1.50
(quar.)
Products
Net sales,
31
3-11
'
surplus
ry.
20c
1
2,455,876
accrued
3-25 f
1
3-
surplus
Net
Grocery Co
preferred
•Transfer
interest
Net
3-18
$1.06)4
(quar.)
3-15
Paid-in
—V.
preferred
25C
payable (sundry)
Net
2-28
4-
<quar.)
$4.25
Coal
(trade)
Common stock
Gross
3-21
1
3-11
CONSOLIDATED INCOME STATEMENT YEARS ENDED
DEC. 31,
payable
$530,105
1
4-
3-20
4-
$1.25
15-year 3 Va %
sinking fund
Sept. 1, 1955 (not current)
ment
operating 235 retail stores and 13 wholesaleyhouses
31, 1945.
One new retail store was opened and six stores
%\ re closed during the current year.
These stores were closed because
t - our inability to secure satisfactory lease renewals.
New stores
Hill be opened in the same general localities as soon as suitable
locations can be secured on reasonable terms.. We were serving 1,515
dealers at Dec. 31, 1945, as compared with 1,481 dealers a year ago.
Postwar plans call for a substantial increase in both company owned
retail stores and
dealer outlets.
There is greatly increased interest
in
the
independently owned dealer stores as Is evidenced by the
I increasing number of applications and requests for information re¬
garding this program. .Approximately 260 registrations are on hand
lor dealer store Installations at the earliest possible date.
Arrangei ments
have been completed for opening new wholesale houses in Bal¬
timore, Md., and Wichita, Kan., which are expected to be in operation
The company was
;
4-
Zeigler
2-25
in
Co.,
Wisconsin
2-15
"After
75c
30c
-
Wisconsin Electric Power—
Stationery Corp.—
(quar.)
Total
%
3-21
3-15
Earned
endorsed.
be
3-21
1
3-15
3-tf
Sundry
1
4-
1
4-
2 tic
payrolls
Accrued taxes, other than taxes
has called its entire issue of 6% preferred stock, par
$10 per share for redemption on April
1, 1946, at the redemption
price of $10 per share plus accrued dividends to that date, amounting
,V to* 15 cents per share. Certificates are now redeemable at the First
-
4-
1
4-
25c
quar.)
Accrued
The company
3-11
30c
$1.06 V*
(quar.)
2-2»
3-15
Federal and
3-25
3-15
40c
Accrued
'
*
25c
3-20
$1.121/2
(initial
15-year 3%% sinking fund debentures (current)
due July 15, 1946 and 1945, to retire deben¬
tures Sept. 1, 1946 and 1945
Stock.—
Walworth Co.—Calls 6% Preferred
8
3- 8
3-18
50c
25c
Accounts
3-
1
X
Youngstown Sheet & Tube Co. (quar.)
Youngstown Steel Door (quar.)
Weston Electric Instrument
Corporation and
1
44-
10c
Products
&
4-
;
3-20
Zonite
25c
Westinghouse Air Brake Co
(quar.)
25c
Oil Co
Winn & Lovett
8-12
4-
20c
(quar.)
Department Stores
Exploration Co
Accounts
not
Rte.'
of
$1.25
preferred (quar. )i„„___..
Wilson
5-15
6-
$1.50
(quar.)_
preferred
Western Tablet &
(Continued from page 1292)
need
*
*4-1
$1.50
4Vt%
6-
$2.50
Water Service—
Western
—
5
3-
$1.25
Snowdrift Co., Inc. <quar.)__
Utilities Co., $6 pfd. <quar.)_
Virginia
Western
—
3-
4
4-
Pulp & Paper
8
25C
$2.50
(s-a)
3-15
50c
&
Texas
6%
Wilcox
Willson
5
25c
West
8
3-
(quar.)
West Virginia
Co.—
2-
2-12
3-15
$1.25
(quar.)
Washington Railway & Electric Co.—
6% preferred (quar.)
5% preferred (semi-annual)
Wesson Oil
8
3-15
3-15
50c
(quar.)—
Pictures
Motor
8
50c
common
(quar.)
Brothers
Warner
2-
J25c
Co.,
Wayne Pump Co. (quar.)
Wellington Fire Insurance Co.
Investment News
.
Holders
Payable
(quar.)
Co.___
Stores. Inc., common
preferred (quar.)
$4.25
LIABILITIES—
>■
When
.
75c
quar.)
(increased
Wieboldt
2-15
3-15
Paper Co.
Motor
Woods
(quar.)
Mfg.
2-15
3-15
Ltd.-
preferred (quar.)
Ware Shoals
3-12
$i
Worts,
White
3-15
1
40c
(quar.)
Wamsutta
4
f$l
Gooderham
Whitaker
3-30
4-19
50c
Wells
Waukesha
1
9-10
(interim)
General
Per j :
Shan
$5 convertible prior preferred
-
4-10
—
Washington Water Power, $6 pfd.
1
$1.75
Virginia Electric & Power—
.
3-21
$1.75
(quar.)
Victor Products Corp., common
II conv. preferred
(quar.)
-4"
1
3-15
t»l
5%
1
(quar.)
Viking Pump Co—.—
f
Co.,
Cotton,
Wacker
1
4-
Victor Equipment Co., common (quar.)
,
2-20
4-
V
?{/
1
$1.25
prior preferred (quar.)—.—...
Vicksburg Shreveport & Pacific Ry
Common (s-a)
3-
62 Vic
preferred (quar.)
prior
preferred
8-
13 tic
preferred
Wabasso
3-15
1
3-15
$1.50
(Salt Lake City)
5%
$%
4-is:
$4.50
Railroad
4% %
Common
3-12
15c
Viceroy Manufacturing Co.
.;r
4-
$2
—
Vapor Car Heating Co., Inc., com. (irreg.).
:'y?Y\7% preferred (quar.)
'
7% preferred (quar,)
—
It
6
3-27
r
-
1
3-15
—
r
$2.50 pfd.
5%
y
3-
25c
Company
1
3-15
1
3-15
50c
Utah-Home Fire Insurance
preferred
4
5-
Extra
% Utica Knitting Co., 5% class A preferred.—
f 6(4? prior preferred (quar.)..
f:£:
4
10c
Upressit Metal Cap Corp.—
8%
preferred
(accum.)
Norman
Wabash
5-20
3-15
U Upson-Walton Co.
Van
2-18
6-10
$8.75
(quar.)
Corp
Products Co
Universal Laboratories,
<■'
3-11
30c
Match
Universal
7%
3-
United Specialties Co.
Universal
2-18
43 %C
(initial quar.)
New common
3-
3-11
$2
-
preferred
(N. Y.)~
7^' non-cum,
Wheeling & Lake Erie Ry. (quar.)
Wheeling Steel Corp., common (quar.)—__
37 tic
Detinning Co., common
preferred (quar.)—
3-15
$2
common
p, S, Trust Co,
/j;-
Name of Company
3-11
-
}tmM.•4>:.:
U.
of Rec.
37 %C
Visking Corp., class A (monthly)
Class B (monthly)
;
50c
"■:<>>%:V. S. Rubber Co., common (quar.)
"SiSt^a'S 8% 1st preferred (quar.)—
8% 1st preferred (quar.)
#»;
Holders
3-21
62 tic
Virginian Railway (quar.)—
6% preferred (quar.)
6% preferred (quar.)
50c
'
Shan
.
40C
U. 8.
When'
Payable
Per
Same of Company
utRec.
Payable
Shan
••
Holders
When
ra
^*«»*0/Company
Monday, March 11, 1946
'"I
II
I
I
I
"I
corporations
Wilson Brothers—To Do
Eugene J.
Hynes, Chairman of the Board of the
company, men's
manufacturers, has "confirmed a report from the
Secretary of
at Springfield, 111., that this
82-year old privately owned
company expects to do public financing soon.
V;
State's office
.
The
company is a leading maker of shirts,
well as of hosiery, sportwear and other
established in 1864 as a partnership and
:
as
,
.
pajamas and underwear,
items
for
It
was
1898.
In
men.
incorporated
in
August 1943,' control was sold by the Wilson
family and Northwestern
University, beneficiaries under the estate of Milton H.
Wilson, to a
headed by Mr. Hynes.
In June 1945, it
purchased the Elliott
Manufacturing Co., of Manchester, N. H., and in
November 1945,
acquired the 50-year old Wright's Underwear
Company of Troy and
group
Mr,
Hws
s*M
1*1"
and
2,196 joint accounts;
Public Financing—
'
wear
that
the. company .xpectt
*)ecuE^tiea
to
file
EiirfcsnKe Commission
a
registration
y. 1C2,
soon.
H
•!
...
"US
v
*
/it;
!
9K
Volume 163.
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4471
Marked Value pf Sloops 911 liigw ^Tdj-R
1331
HpIbI Sales in Nmnber
Horwath
ABA Distributes Home
and
Exchange announced on Feb. 7, that as of
the close of business Jan. 31, there were 1,2.76 stock issues.aggregat¬
Horwath, New York public' accountants, in their
January,4946 "Hotel Bulletin," announced that "again in November
occupancies held the spotlight in the hotel
industry, with the lowest
again 92% among the cities and sections
represented.
And this time
ing 1,614,374,017 shares listed
{w0 attained 98%, New York City
Stock
Exchange in January
The New York Stock
the New York Stock Exchange, with
a
total market value of $78,467,733,341.
This compares With the
figures as of Dec. 31, 1945, of 1,269 issues, aggregating 1,592J11,825
"The rises in average room rate
' :•«.7W /
In making the announcement on Feb. 7 the Exchange-said:
As of the close of business Jan. 31, New York Stock Exchange
member total net borrowings ^mounted to $882,927,940 of .which
$520,165,016 represented loans which were not collateralized by
U. S. Government issues.
The ratio of the latter borrowings to the
market value of all listed stocks, on that date, was, therefore, 0.66%.
As the loans not collateralized by U. S. Government issues include
all other types of member borrowings, these ratios will prdinarily
exceed the precise relationship between borrowings on listed shares
in
.
the
*
-
4
-.
:
each:
for
•
•
Amusement
Market Value Av. Price
'
building.
j—I
Business and Office
Equipment
Chemical-...
—
Electrical Equipment—
Farm Machinery
1,035,023,987
6,197,725,271
30.08
46.17
49.94
643,237,280
49.06
78.89
8.639,133,955
2,270,268,640
last
36.84
1,293,330,630
1.015,846.012
74.09
52.96
30.79
46.33
1.005,647,910
Financial.
1,519,587,814
30.76
5,129,407,840
' 96,548,351
; 75.475,141
15.67
59,202,687
12.27
367,289,993
41.96
328,767,905
39.69
2,941,601,493
beverage gains
38.62
3,014,445,168
which
37.44
Garment.——
Land & Realty
Leather
Machinery & Metals
Mining (excluding iron)
Paper & Publishing
55.77
-+
\
NOVEMBER,
991,596,220
♦Total
38.26
7,936,307,651
6.528,163,974
57.58
6,108,523,057
Retail Merchandising
5,092,628,714
884,994,811
46.81
4,613,102,054
823,098,553
159,368,126
29.25
36,372 194
69.38
3*211,993.692
986,546,620
1,733,710,536
60.43
1,725,173,634
37.45
3.240.605.766
22.91
1,862,925,087
4,830,807,990
92
+
10
+
14
+
11
+ 18
95
91
95#.
89
+
4 V*
in
^
11
+
27
+ 27
28
96
89
+
3
+
9
+
14
+
7
+ 28
98
95
+
5
now
3
+
4
+
2
+
1
+
4
93
91
f
2
All others
+ 15
+
lo
+ 19
92
84
—
+ 14
+
+
3
+
■
T:+!
lengthened to 90 days, which
which protects the veterah from,
+ 4
+
Total
+
13 f!r
+
ii'.;
+
1.
*f
*1%
+
0%
+
Vk
+19#
+14 %
94%
88#
+
4#
4.#
91#
88#.
+
MONTHLY TOTALS
32.$3
196,548,720
31.90
42.23
3#
+14#
+
19#
94#
88#
+
4%
+
9
+
12
+ 11
+
14
95
90
+
3
8
+
8
+
9
+ 10
+
7
93
89
+
3
+
5
92
89
+
ii';
+16',;
r
Market Value
for
1945—
48.396,650,695
32.47
Feb.
28-
59,680,085,110
7
+
7
+
8
10
+
7
+
8
+
7
87
82
+
4
structiohof
+
6
+
h
+
8
+
6
91
88
4
3
not be started in 90
and
to
the
restaurant
tThe
only.
room
"rates"
term
wherever
used
refers
apd not to scheduled rates.
Market Value of Bonds
39.84
29.
48,494.092,518
32.51
Mar- 31Apr. 30-.
57,383,487,905
38.15
61.496.723.658
40.68
Mar.
31.
49.421,855,812
33.12
Apr.
29.
48.670.491.772
32.59
3
,
,
May
31-.
62,430,603,026
31.
50,964,039.424
34.14
June
30--
62,636,685,716
35.55
July
31_
67,065,130,865
43.17
Sept. 30-
52,929.771.152
35.75'
Oct.
31--
69,560,968,600
gating $138,085,021,336 par value listed on the New York Stock Ex¬
change, with a total market value of $143,110,515,509.
This com¬
41.55
35.49
•July 31—
31Sept. 29_.
61,242,460,874
64,315,140,586
31.
53,067,698,691
52.483.254,469
53.077.487.3:08
35.07
A-g
44.23
Oct.
31.
Aug.
39.65
35.84
Nov.
30__
72,729,703.313
30-
53.591.644,063
36.14
Dec.
31—
73,765,250,751
46.33
30-
55,511,963,741
with the figures, as of Nov. 30, 1945 of 996 bond issues, aggre¬
gating $125,054,939,986 par value; total market value $129,156,430,709.
pares
46.13
Nov.
Dec.
'37.25
53,086,843.093
Jan.
Jan.
31.
56,585,846,293
following table listed bonds are classified by governmental
In the
and industrial groups
1946—
1945—
31_-
with the aggregate market value and average
price for each.
48.61
78,467,733.341
Decj. 31,
37.84
1945
-Nov. 30,
Average
Market Value
$
I
$
The
-
Board
of
J.
Outstanding in December
Governors
of
the
Federal- Reserve
System
V
Aviation
;
the total amount outstanding was about
At the end of the
above the
14%
•
.
122.00
—
2,954.000
105.50
3,876,000
12,850,000
"3,180,000
20,500,000
102.50
20,525,000
7,743,750
102.00
"Instalment
Retail
continued:
loans .outstanding
,
102.63
104.13
20,109,375
nearly
during
6%
December, a somewhat larger rise than in other recent months.
the end
these lqans
of the month
level.
year-ago
"Instalment
were
-
.
more
than 20%
105.45
102.71
89.45
102.61
102.33
57,186,649
286,805,997
13,670,678
8,733,249
8,742,210
62.420,732
93.42
103.91
43,980,165
103.36
104.37
528,265,899
103.78
8,314,012,488
————-
98.21
8,230,947,743
96.80
r
93.05
62,598,869
further during December, or at about the same rate as in
rose
out
gram outlined by Mr. Wyatt
announced
102.03
104.06
105.25
41.900,000
252,254,548
105.92
10.7.03
111.69
110,932,383
81.08
2,738,334,192
59,864,255
1,173,211,340
109,879,203
163,904,566
97.53
164,163,003
97.86
24,150.000
103.00
25,150,000
105.00
101.25
utilities
companies
oper.
abroad—
Total
8.
U.
14,228,777,459
1,427,669,621
685,019,835
143.110,515,503
103. 64
129,156,430,709
MI listed
of 1943.
J
about the customary
son
bonds..
The
103.28
——
following table, compiled by
listed
on
the Exchange:
* '
V
In millions of dollars.
(Short-term credit.
.
.
♦Tptal
consumer
Instalment, eale
tt;?..
Increase
••-.v..
credit
'
^utoniobUe
Other-
.
v .*
+326
227
676
——
loans
accounts —f?----
Bingle-payment .loaps
•" •'
*inciudes service credit not shown separately.
loans, £ r?'"
"
•
+
1.514
.
90
+
-
+
27
41
79.'
+ 266
+
172
+ 267
,.:-r
•
f Includes repair and modernization
:
-
-
■
:;'++
=
,.
Jan.
29-
.
,t
90.544.387.232
99.78
30-
101,377,604.946
112,620,708,662
lows
100.32
Apr. 29----^.
May 31
;
95,305,318,075
100.31
93.849.254.814
100.62
Apr.
June 30^1.—.bwJb
96.235.324.054
100.53
102.284,657.208
100.71
102.328.885.992
100.74
1006t
Dec.
M
July
31
Aug. 31
L
Sep, 30—_.i.
Oct.
31-
102.017.012.414
101.801,493,498
;
*01.91
know,
we
are
doing
riglif now to
cqntrpls qn' build¬
wer can
supply.
"I think you can assure build¬
the
Aug. 31_
100.71
—
you
necessary in order to get faster
production of a large volume of
the materials jvhich are in short
and
that
1945—
100.21
95.713.288.544
b
'
say) according to Asso¬
strengthen our
ing materials -1 and^^ contractors*
services.; At the same time, how¬
ever, we are making quick adjust¬
ments wherever they appear tq
be^
ers
100.92
31
.96,837.573.171
Mar. 3li-C>.;
Price
Nov.
99.38
•;
31
Feb.
Average
Market Value
1944—
Dec.
31
1944—
Dec. 31. 1944
95,;,
•+
f
+—
Dec.
decrease from:
v
pyef
w-
j
+815
8
+
—
fInstalment
Charse
or
Nov. 3D. 1945
6,605
_
credit:
'Market Value
.
Figures estimated)
-
.
Dec:. 31. 1945
.
1943—
CONSUMER CREDIT OUTSTANDING
us,
Average
'
<
75.98
gives a two-year compari¬
of. the total market value and the total average price of bonds
approximately 10% higher than on the corresponding date of 1944.
-
"As
100.44
1,42G,464,545
ta
everything
99.62
76.11
companies—
on
ciated Press Washington advices:
80.31
'
seasonal amount during December and at the end of the month were
*
went
109.67
100.64
14,118,929,462
government—
indebtedness resulting from instalment sales was larger than at any
"Charge accounts receivable increased by
107.23
685.807.300
companies
foreign
At the close of the month consumer
*
pnd
by President Truman
cqurageous gnd realistic approach
to lone Gi the most critical prob¬
lems we'face today" Mr. Bowles
106.38
108.25
'
pro¬
Callingjjthe^ prpgrain^a
qn
104.75
106.47
J
time since the middle
103.91
950,172,147
8.
support" tp 'fhe housing
108.68
42,100,000
(operating).
(holding)...
foreign
Creased sharply in December.
previous sales may be added to
the maximum sales price. A max¬
imum sales, price of $17,000 is set
by the new regulations for twofamily dwellings. The maximum
shelter rent for any unit remains
at $80, a month.
':
Feb. 10, that the Offic.e of Price
Administration would give "all-
V
Miscellaneous: b'u 31 pe ssesl—
usually shows considerable expansion at this timp of the year, in-
or com¬
of resales;
101.52
2,843,954.002
51,771,645
U.
Other instalment sale credit outstanding, which
preceding months.
case
the amount of commissions paid in
connection with the sale and. with
103.3Q
Miscellaneous
the two
pf $1.0,000' ipust
In the
5,294,500
Communications
4%
a
include brokerage fees
missions.
79,607,500
19,528,785
245,527,888
19,638,525
—
'.
■;
and electric
Gas
automobile sales
on
of
sale
114.00
245,612,354
—
Utilities:
...
outstanding
first
the
103.59
253,580,947
TextilesTobacco
-
in
sale price
2,561,010
Shipping services———
At
that
79,765,000
——
Steel, iron and coke——
above the
vide
dwelling by the builder; the maxi¬
mum
Price
Administrator
Chester
Bowles wrote the Housing Ad¬
ministrator Wilson S^iYyatlf on
84.92
44,215,738
531,062.464
--———
Gas and electric
credit
builder mey later file n supple¬
mentary application covering the
remaining units.
;;
The new regulations also pro¬
Support for Housjng
103.13
102.30
merchandising
Rubber
increased
cases, approval will be given for
the number of units that can be
Sfarted )vithin'90 days/^and t^ie
Bowles Promises OPA
128.50
'
announcement
can¬
In such
106.00
105.02
14,399.153
Railroad
Board's
The
-
days.
102.50
'
231,193,136
—
Machinery and metals
Mining (excluding Iron)
Paper and puhllshlpg
Petroleum
1944 level."
,,,
57,171,798
20,304,375
——
Laud and realty
year
December,
t
104.25
7,687,500
102.00
12,200,000
„i
Food
loans showing the largest percentage gains.
103.25
3,876.000
—
equipment
Financial'
:>
Price
112,814,963,794
———
Farm machinery—,
i'.
104.35
126,879,314.202
:
Electrical
stantially over the year-period with instalment and single-payment
Y.
N.
cc
_
Chemical
A monthly rate of increase
of 1045, says
the Board, which stated that "all types of indebtedness increased sub¬
.
though poh-
of the units
companies:
Ajnusement——
Automobile, —
on
6,605 milliqns at the end pf the month.
of ardund n% has prfivaB^tto
8.
7.
an¬
(lncl.
ete.)_——
Statei' Cities,
Jan. 31, total consumer credit outstanding increased by
about 325 million dollars during December to Rh estimated total of
nounced
Government
8.,
1945
Average
Price
Market Value
aroup-
Consumer Credit
some
of
made
be
;
40.68
June 30.
New York Stock Exch.
on
The New "York Stock Exchange announced on Jan. 14 that as of
the close of business Dec. 31, 1945, there were 982 bond issues, aggre¬
40.64
May
pyen
+
+
daily rent per occupied
average
$
33.
Feb.
priority
a
7
7
+
number
a
may
9
Price
Jan.
provide ^hat
project comprises
+
jAverage
Price
regulations also
when a building
units,, application
and the average price of stocks listed
Av
*
amended
+
1_:——
^Rooms
two-year compilation of the total market value
on the Exchange.
FOR LAST SIX MONTHS
+
The
+
July
46.33
+
+13',;,
_
August
33.91
40.22
9',;
+
+ 11
1945
September
36.33
1,255,084,981
1.408.633.767
417,120,300
36.88
1,524,073,709
Market Value
losing ^isi priority
the rpsult of
delivery and other unforeseen cir¬
cumstances.
date
39.03
1944—
purpose of the amend¬
18
544,174,958
a
87
95
■,
The chief
12
Year to
73,765,250,751
wise said:
+
November,
October
48.61
existing
buildings
for
housing*
The Association like¬
+
Pacific Coast
110.54
78,467,733,341
We give below
93
0
+
Detroit
June
.
+ 27
9
to
or
convert
60 days, from its issuance if
construction had not been started
in the meantime.
The' period is
zfifl,$$$,293
Listed Stocks
20
+
+ 12
20.12
112.91
Miscellaneous Businesses
All
+
6
+
1,328,342,394
Operating Abroad
Foreign Companies
22
+
5
.
35.88
„
S. Cos.
+
4
nipderate cost
accommodations '
housing
regulations is to amplify and
clarify the requirements by which
priority ratings will ; be granted.
iorpeci.'
In the old regulations the right to
+. .5#
60.14
4,943,912,477
Miscellaneous Utilities.—
U
10
+
+
53.09
3,483,178,459
2,235,141,383
(Operating)
Gas & Electric (Holding)__.
Communications—
94
+ 16
Utilities:
Gas & Electric
+ 19
private builders,
and others to build
ed
61.54
56.80
98#
16
10
20.30
1,069,979,878
Tobacco..——
35,001,559
3,587'456,926
—
Textiles
21.09
+15',;
+
Housing Program,
designed to assist indi¬
is
vidual veterans,
Texas
25.85
180,683,540
1945
20'.;
17
+
74.71
Ship Building & Operating...:
Shipping Services.
Steel, Iron & Coke
which
Rate
1944
Beverage
+
+
Food
conversion
Increase
Nov:
+18',;
8'.<
-
+ 13
Cleveland
45.13
80.32
Rubber—
Rooms Restaurant
+ 13'.
City__
Washington
38.31
54.14
7,924,898,630
Railroad—
of : priorities
for
critical
building materials under the Re¬
ance
tRooni
Occupancy
Nov.
The regula¬
tions it is stated govern the issu¬
'
40.62
Petroleum——
Decrease-
'
York
New
Chicago
Philadelphia
34.26
41.82
in the United States.
•;
1945, COMPARED WITH NOVEMBER, 1944
or
on
a
new
and distributed to all of the banks
isthp best showing
' " r.
"
Total
Association, which
digest of
regulations, which be¬
came effective Jan. 11, 1946, ha3
been prepared by the Association
these
in food
those
■
—Sales, Increase
41.72
2,182,808,955
38.03
2,423,855,317
1,021,038,112
—
exceeded
'
53.63
47.21
m
Bankers
Jan. 26 indicated that
In
29.48
Food
1,447,619,416
4,917,276,352
85,322,481
Real Estate Finance of the Ameri¬
can
either monthly decreases from
"A general increase of 13% in total
sales
this year, the next being 11% in October."
43.33
73>48
istration, according to the Departmnt
of Research Mortgage
and
increase of '27 %*, Philadelphia coming next
City third, with 1&%. ' And whereas during
were
important changes in the
building priority regulations
of the Civilian Production Admin¬
November the gains were 14% for food and 19% for
beverages, while for the 11 months of 1945 they are 9% for food and
4% for beverages.
43.89
1,047,117,480
year's trend
business.'
49.70
70.57
—
by New York City
smaller increases than in food sales,' that
changed recently; and there has been $ reversion to
condition has
S
•; $
40.76
6,626,377,678
1,330,734,771
1,063,728.826
668,818,184
9,201,294,773
2,432,752,961
Automobile
Dec. 31, 1945—
,
$
S
1,145.953,056
an
with 22% and New York
the first half of the year there
1944 in beverage sales or
3
-Jan. 31, 1946-
Aviation
far out in front with
•
Market Value Av. Price
Group—
mojipJaces, led by Cleveland jwith 6%, followed
the
one
the
home
"In total restaurant
sales, an over-all increase of 16% is decided¬
ly the best for the 11 months qf 1945,
In this respect Detroit was
.
.'
of
little larger than usual
a
pacific Coast with 5% each.
For that significant group,
All vQlhers, which. consists of the scattered hotels fromC all Sections,
the average rise was 4%.
"The consequent improvement in room sales was 11% for the
country in general, the largest
for this year so far; that last morjth
was 9%.
And it is worth noting that the
biggest gain was for the
miscellaneous group, (All Others)—14%.
The smallest were those
of 4% each for Washington and Texas.
;
listed stocks are classified by leading
with the aggregate market value and average price
industrial groups
for each:
j
were
and
table
following
erans' homes remains valid is
.
shares; total market value $73,765,250,751.
In
The new longer 90-day period
during which HH priority rating
for building
materials for vet¬
and the Pacific Coast. The coun¬
trywide average wa^ 94%, which i§ apwii ohe pqint; from the month
before."
The advices added: *
?
*
1
on
and their total market value.
Building Rules to Banks
prospective home owners
they will* be protected from
kind of skyrocketing
prices
for materials
had after the last
Jam. 31^.—
,
;
114.019.500.p04
Reb.
28
114,881,605,628
102.58
Mar. 31
102.53
30
114,831,886,516
113.280,044.243
103.10
May 31——-
114,857,381,979
103.01
June 30—.—.
114.767,523,198
103.45
July 31
130,074,758,528
102.97
129,748,212,202
102.49
long
shortages threaten to
put decent shejter out of the reach
143,110,515,509
103.64
of veterans and others. '
31
—
we
war."
.
The
v
price chief said rent
trols would be continued "as
as
severe
con¬
1
THE COMMERCIAL & FINANCIAL CHRONICLE
1332
made public recently its monthly
report showing that the face amount of public debt obligations issued
under the Second Liberty "Bond Act (as amended) outstanding on
Nov. 30, 1945 totaled $275,658,562,613, thus leaving the face amount
of obligations which may be issued subject to the $300,000,000,000
Department
Treasury
another table in the
report, the Treasury indicates that from the total gross public debt
and guaranteed obligations of $265,894,473,502 should be subtracted
*1,022,977,037 (outstanding public debt obligations not subject to debt
limitation), and to this figure should be added $10,787,066,148 (the
unearned discount on U. S. Savings Bonds). Thus the grand total of
public debt obligations outstanding as of Nov. 30 1945 amounted to
at $24,341,437,387. In
statutory debt limitation
$275,658,562,613. &&
r, u te
'
Sect/on 21 of the Second Liberty Bond Act, as amended, provides
that the face amount of obligations issued under authority of that
,
/
:
guaranteed as to principal
such guaranteed obligations
as may be held by the Secretary of the Treasury), "shall not exceed
in the aggregate $300,000,000,000 outstanding at any one time/'
The following table shows the face amount of 'obligations out¬
standing and the face amount which can still be issued under this
Act, and the face amount of obligations
and interest by the United States (except
''
limitation:
-v/;-/'
•
be outstanding at any one
Outstanding Nov. 30, 1945—
face amount that may
Total
Interest-bearing:
,
,
Treasury
—
•Savings (maturity value)
Depositary
Adjusted service
$109,370,910,000
58,259,849,400
497,174,500
500,157,956
bills
Prepayments
Treasury
-
f
Exc.
occurring in additions, alterations, and repairs, which
down from 64 million dollars in October to 54 million dollars
The Bureau further says:
in November.
building construction as a whole, while small in relation
to the twenties, maintained an unusually high level for this time of
year, dropping only slightly from October, the peak month in 1945.
Valuations totaled 260 million dollars this November, as compared
"Urban
with
267
million
in
preceding month and only 92
the
local
and
work,
government)
well
non-residential building (covering military
new
139,356,470
1,131,126,038
$275,105,912,039
1945
•construction—
(not held by Treasury):
Guaranteed obligations
$1,720
All construction
-
.
of
change
+67.8
First 11 Mos.
Class of
1944
$1,025
of Construction,
First 11 Mos.
1945
$241
1944
$320
of
change
—24.7
First 11 Mos.
1945
1944
$1,479 $705
of
change
+109.8
Interest-bearing:
A.—.™—
P. H.
Debentures:
29,120,936
C.
497,304,363
C.
obligations;
Demand
,
C.
ceased.
interest
Matured,
''
'
Balance face amount of obligations
■
■
$24,341,437,387
issuable under above authority—
public debt™
Guaranteed obligations not owned
'
•
^
(Difference
redemption
v
Deduct—Other
subject
not
:
.
.
,
and
limitations
debt
552,650,574
$265,894,473,502
*
t
7
•
—I
»*.
+ 229.9
were
20,396
17
+56.7
293
new
431
+64.7
276
+
56.2
family dwelling units placed under con¬
with 19,496 in October, 1945,
one-fourth of the total."
9.764,089,111'
.+/ "
the totals for the last two years:
$
162,400,000
1945—
1946Jan
rights,"
added, "are and should Jbe con¬
sidered
and
173,700,000
31.
Jan
paramount rights—
include the right to>
our
these
property and use and en¬
joy that property. We* are faced
stilj with the ^age^old conflict be¬
possess
tween those who would rule their
fellowjqenr—dominate
them
by
their might, and those who would
help others Jive their own lives,
"There
would
forces at work which
are
make
totalitarian
ours
a
centralized,
destroy
of life,
way
individual initiative and make us
mere men. instead of a collection
of Strong people. Make us a na¬
tion of weak people perhaps, and
remove us from citizenship to be¬
subjects.
rights
come
■"
"Human
where
free
prevail."
:
During
exist
cannot
government does not
(the
evening
othcfrf
frequently referred to
as "possibly our next
speakers
Mr. Bricker
President.".
'
:
.
Caribbean Conference
the
opening
three-weeks
meeting
session
Indian Conference in St.
Islands,
President
which
United
Caribbean
stated
policy
area
from
read
was
President
States
a
Thomas,
letter
a
Truman
the
of
the West
of
would
in
that
the
in
be
aimed
at the progressive
development of
economic,
educational
political,
social matters.
Delegates of
15 Caribbean
territories, assembled
to work out common problems,
were
told by Mr. Truman, ac¬
cording to the Associated Press
in its Washington advices, that
this country would also be guided
by these basic tenets:
1. To support the work of the
Caribbean Commission to the end
Bank of New York from
commercial paper dealers show a total of $173,700,000 of open market
paper outstanding of Jan. 31, 1946, compared with $158,900,000 on
uDec. 31, 1945, and $162,400,000 on Jan. 31, 1945; the Bank reported on
Reports received by the federal Reserve
The following are
1,022,977,037
•
+
154
Feb. 19.
$10,737,066,148
value) .~™™_.—™,
—....
outstanding public debt obligations
to
—
Bonds:
current
Savings
value
'
*
.
S.
maturity
between
$265,341,822,928
guaranteed obligations™.
Total gross public debt and
Add—Unearned discount on U.
275
508
Commercial Da|ief uiilsianding^
*—
the Treasury
by
540
-28.0
units started were to be
Dec. 1, 1945)
—
-38.8
254
in November, 1944.
For the third consecutive month, all
built for private owners.
A year ago Fed¬
and 8,460
Outstanding Nov. 30, 1945:
Total gross
49
183
struction in November, 1945, compared
DEBT—HOV. 30, 1945
RECONCILEMENT WITH STATEMENT OF THE PUBLIC
< • . - ■*
(Daily Statement of the United States Treasury,
30
69.4
erally financed units accounted for
redemption value $47,472,783,252.
♦Approximate face or maturity value; current
75.9
+
459
"There
275,658,562,613
—
he
and
and repairs-
552,650,574
outstanding—2—
total
Grand
+
408
Additions, alterafns
16,225.275
,
324
691
nonresidential-
New
96.4
570
residential
New
536,425,299
of
of Government." "Human
Virgin
Other Than Federal
Percent
Federal
Percent
Total
foundation
-
legislative branch
our
and naval
(in Millions)
-Value
—
integrity in
At
Started in Ail Urban Areas, by Class
First 11 Months of 1944 and 1945
Value of Building Construction
the
"return* to
a
dollars.
fell from 49 million to 30 million
integrity
"and independence of courts" and
1945, and new residential
183 million dollars in
better
a
;♦
Mr. Bricker called for
dropped from 254 million dollars in
construction
industrial projects)
as
Federally
work.
than offset by the decline in new
was more
Percent
%
84%
dropping from 30 million to 5 million dollars.
"During the first 11 months of this year, urban building con¬
struction started totaled 1,720 million dollars—two-thirds more than
1,270,482,508
Total
62
255 million dollars this Novem¬
in urban areas, on the other hand, fell off
Federal building
ber.
rising from
quadrupled,
which
million dollars in November, 1944 to
1944 to
202,586,375
£
\
million in
1944.
The 168-million-dollar gain over, the year is at¬
tributable entirely to the increase in non-Federal (private and State
November,
as
105,004,751,300
ceased---
Savings Stamps
profits tax refunds bonds
War
decrease
went
repairs
Bearing no interest:
•:'i
est
financed
$273,632,843,156
interest
4% higher than in October 1945.
All other classes of urban
building construction declined from the preceding month, the great¬
and
1944, with all classes of building construction sharing in the gain.
At
same time, Federal activity was one-fourth less than a year ago.
The 11-million-dollar increase in Federal additions, alterations, and
$168,628,091,856
interest-beating
Total
a year ago
the
44,027,307,000
17,026,348,000
191,971,000
Certificates
in November
1,025 million dollars reported for the corresponding
months of 1944.
Non-Federal work, valued at 1,479 million dollars,
was more than double the volue achieved during the same period in
43,759,125,300
notes
of indebtedness—
Treasury
'Private residential building in American cities, responding to
the present urgent demand for housing, continued an unseasonable
advance in November, the Bureau of Labor Statistics of the U. S.
Department of Labor announced on Jan. 12.
Permits granted to pri¬
vate builders during the month for residential buildings amounted
to 96 million dollars—five times the amount
light in
a hew
1945
worlC'
the aggregate of
,
1
Bonds—
Matured,
$300,000,000,000
—
Second Liberty Bond Act, as amended:
7 ' 7 '
Obligations issued under
>■
time
ica "Will- be
i Private Building in November Increases;
Statutory Debt Limitation as of Nov. 30,1945
The
Monday; March' 1
31
that problems of the
be
approached
not
region
whole
may
piecemeal.
2.
as
a
and
+■-<>
assist by
To
appropriate ac¬
tion, in carrying out the economic
objections recommended at the
first meeting of the conference
held at Barbardos in March 1944,
•'1944
$275,658,562,613
'■
j
•
• .*^y•-1-V >•''*'•'
V'}J:f-'V •
Cottonseed
*
-r,)-•
v, y
r.
i
y. jv?*-
•
2945—
Receipts to December 31
31
31„
Sep
t©>
30
Oct
4
Dec^
Nfov
'Jfa■*•"j.'-.-y.,j
Dec
28-
-
—
RECEIVED,
• Received at
i State—
CRUSHED,
Aug. 1-Dec. 31
.
//'•/..
.1945-46
;
United States
Jun 30
136.500.000
100,800,000
May 31—
May 31
102,800,000
118,600,000
Apr 29
150,700,000
171,500,000
Mar 30
Alabama
146,700,000
Feb
Feb 28
Arizona—,
253,307
35,101
.
Arkansas——
*
250,184
94,874
California™.™™.,.
(TONS)
157,300,000
Jan 31
1944-45
2,120,749
1,678,690
166,703
83,949
93,741
23,962
199,059
19,317
11,516
97,451
Bricker Would
225,431
44,643
35,764
52,324
33,249
254,868
319,127
192,043
218,287
81,278
120,692
Louisiana™..^.™
Mississippi™
100,860
486,377
135,291
147,057
92,289
106,441
10,327
42,591
634,261
.332,110
204,411
317,717
129,739
54,370
113,677
—.
Texas™™.™——.
All other states—™
*Includes 992 and
173,989
110,113
24,077
191,306
116,376
132,505
35,965
64,473
143,029
159,302
59,272
154,435
dinner of the Chamber of Commerce
793,111
447,988
406,522
41,674
213,674
358,235
Maplewood, at East Orange.
14,938
74,360
115,473
115,473
40,082
,
.
24,640 and 44,056 tons
tons
hand Aug.
on
reshipped during
the
-•
,'
seasons
1945-46 and
Stocks
.
"
v
-
,.
at beginning
-
of Season
Products—
"
Season
v
'•'=-•• /"//"/'
respectively,
1944-45.
;/■+•,:
(thousand pounds).
-1944-45
.
Shippfed
Dec. 31
598,299
1945-46
(thousand pounds)
_
Oake and meal
29,759
1275,625
1944-45
Refined oil
239,934
52,253
1945-46
7
1944-45
(tons)
1945-46
Buns
563,989
492,302
/•
649,147
'
603,193
144,145
11359,143
>
52,827
454,300
490,322
**580,293
495,215
(running
61,929
618,120
561,846
118,194
323
9,751
11.907
1944-45
bales)..
*
1945-46
(600-lb. bales)
Grabbots, motes, Ac.
1944-45
476
1945-46
2,451
bales)
1944-45
-
.
„
10.025
•
,
9,023
22,188-
1,051
1.,681,000
mill
must
be
he said these forces
are
"most
'
re¬
18 122
uai
14,091
der the banner of liberalism. True
office, any
'liberal'
who
<
532,861.000 pounds of crude oil.
145'156 bales first cut, 372,975 bales second
ai
i
or any
greater voice in Government for
Government.
the individual.
r
This has been dis¬
ecent years."
"Instead of thinking in terms of
cut and 62,162 bales
—'what can I do for my Govern¬
ment?'—the
theory > has
been,
run >
Government
Communist or any man
office,
principles of a freely constituted
establishments and
t tlncludes 44,267 bales first cut, 52,571- bales second cut ^ and
6,816 bales mill
ment
government means more
individual
opportunity
and
a
torted in
"
un¬
'what
can my
Government do for
continued,
reported:
>
Asso¬
the
C
■
he
"it
said,
United
has
the
to
mended
States
by
means
been
recom¬
Congress
the
of
that. it provide a
the people of
which
Rico
Puerto
.
.
Rico,*
their
might choose
form of government, an
ultimate
status' with respect to the
Unveil
States."
The
territories/ represented
at
the conference include:
Great
Britain—Bahamas,
bados, Jamaica;- Trinidad,
-
Bar*
British
taken out of the Guiana, British Honduras, Lee¬
costly bureau¬ ward Islands and the Windward
to drive out of any high Govern¬
0
although masking
in¬
an
hands of arrogant,
actionary,
imin3Hc5'S00i0 po,,unds and in transit.
refining and manufacturing
pounds held elsewhere
ings
to
of self-govern¬
"With rbspect to Fuerto
accumulation of power, be it
in organized labor, in industry or
in Governments The. policy mak¬
935
S.,nrtJ'S.M00? po^nds and r.efinin6 and manufacturing establishments
at. in transit.
elsewhere
from
any
10,971
18,034,000 pounds held
{Produced
States
"We must be on guard against
Govern-*
by the people of the Virgin
ciated Press
dominate the lives of the people.
11,448
reunm0 ana manu
tt
United
strong
GbveimmehL
14,606
*Licludes
ll,323t000 pounds at oil mills, 37,297,000 pounds at refining and manu¬
facturing establishments and 6,501,000 pounds in transit.
tlncludes 45,633,000 pounds at oil mills,
51,270,000 pounds at refining and manrfacturing establishments and 17,574,000 ppunds in transit.
Ip
the
a
.reach into new fields and seek to
,
23,126
>3-v>Vi
to
central
seek
forward
measure
President
Islands.
Netherlands—Curacaoand Dutch
"News"
50,815
tt 103,654
"looks
stated
letter
States
United
Islands of the United States.". The
and
58,887
14,793
Hull fiber
in¬
forces
These
Senate,
78,107
459,936
18,576
'
don't
don't
me?'
spoke extemporaneously, crats and put back in the hands
according to the
Newark of the people and their elected
he had the following to representatives.
say:
>
7+
"Otherwise the Bill of Rights is
Hitting at "so-called liberals," undermined. The hour has come
849~061
921,173
1944-45
'
"we
we
and Civics of the Oranges and
Mr.<^
adopt the philosophies
election
275,614
•
1945-46
(tons)
that
to
enemies and
our
457,126
.
averred
intend
971,230
.
61,697
'
Llnters
Bricker
of
849,630
'28,050
7
tU4,477
§486,336
;
remarks
philosophies of
allies, necessarily, either."
Mr. Bricker, former Governor
of Ohio, who was the Republican
Vice-Presidential nominee in 1944,
and who is reported to be seeking
Stocks
Aug. 1-Dec. 31
*55,121
This is learned from an account of Mr. Bricker's
in the Newark "News" of Feb. 20, as presented at the annual
our
'
,"
Produced
the
"you keep yours."
tend to adopt the
•„...;
,
Aug. 1-Dec. 31
Aug. 1
1945-46
(600-lb.
1945 and 1944,
1,
COTTONSEED PRODUCTS PRODUCED*, SHIPPED AND STOCKS
•'
Crude oil
,
65,938
6,500 tons destroyed during 1945-46 ahd 1944-45, respectively.
Does not include 219,340 and 118,256
-
government" and tell other nations
303,960
i 89,297
8outh Carolina
Tennessee
>
N. J. on Feb. 19, the declaration
that this country has been free and
577,463
52*797
"
Oklahoma.™.™™
nor
made by John W. Bricker
we're going to keep our free
President's
*
ment
In an address in East Orange,
was
299,372
96,051
66,347
236,029
that
Expel Forces not in Accord
188,111
..
.
-
creasing
147,829
Carolina...
The
194.800.000
29
With Principles of Freely Constituted Govt.
14,151
202,272
Georgia
Worth
operation with each other to im¬
prove standards of living.
213.700.000
208,900,000
Mar 31
Dec. 31
943,552
,
3. To
support
any
suitable
plan which would bring the nonself-governing territories of the
Caribbean region into close co¬
ment
1945-46
163,041
33,341
417,903
68,819
Jun
—
Stocks at mills,
Aug, 1-Dec. 31
1945-46
1944-4$
•
■
1944-45
236,434
—
STOCKS
Crushed
3,687,683 7 1,924,282
2,649,486
140,800,000
140,900,000
142,900,000
:
Aug 31
July 31—
Apr 30-
AND
mills,
Sep 29
29
the month ended Dec. 31, 1945 and 1944.
COTTONSEED
:
31
July 31
Aug 31
•
L;
Nov 30
Oct
110,200,000
106,800,000
following state¬
ment showing cottonseed received, crushed and on hand, and cotton¬
seed products manufactured, shipped out, on hand and exported for
On Jan. 15 the Bureau of the Census issued the
,*'V;
-
-
158,900,000
156,100,000
127,100,000
111,100,000
166,000,000
166.900.000
141,700,000
30
doesn't
agree
with the free
7
^Theri hiiitian
-
iiberty
ascend—for all of
us
will again
and the peo¬
ples of all other nations.
recapture
We will
faith in ourselves and
faith in God
Almighty and Amer¬
Guiana.
.
//'^
France
—
Martinique,
Guade¬
loupe and French Guiana.
United States—Puerto Rico and
the Virgin Islands.
+
,
Conference conclusions vdll be
submitted^ to the Caribbean Com-*
mission, made
ernments
submit
up
which,
them to
of tbe four gov¬
in ' turn,
the Netherlands and ; the
States.'- *77
will
Britain, France,
United
.Volume
163
T"-"
Number 4471
THE COMMERCIAL & FINANCIAL CHRONICLE
itored Japanese calls, was uncer¬
tain prior to Dec. 7,
Pearl Harbor Hearings Ended
i
1941,•;of the
whereabouts;; o f
Japanese ships,
'
The
Joint Senate-House Pearl Harbor Investigating
Committee
Feb. 20 formally closed its three months' hearings necessary to
the task of determining where responsibility lies for the
Japanese
attack on Hawaii, Dec. 7,1941. After the evidence received has been
on
Richardson
ceived
,
by the ten-member Congressional ; group, a report will be
prepared which must be submitted to Congress by June 1.
The last
witness
to
be
neard
said
the
December
on
he'had
Navy
re¬
intelli¬
an
1
and
had
found
this sentence underlined with red:
Colonel* 1
was
from
major
many
gence report submitted to Kimmel
assessed
"The fact that service calls lasted
G. W,
Bicknell, who testified that,}
Nimitz advised the Navy that only one month indicates an addi¬
as ah
intelligence officer on the with the 109 planes "it is not tional
progressive step in prepare
staff of Lieutenant General Walter possible simultaneously and
ef¬
ing for active operations on a
C.
Short, the Hawaiian Army fectively to maintain necesary
long-range search operations, < to
keep available a useful air striking
force, and to meet constant re¬
Hawaii. If he had, Colonel Bick¬ quirements for special missions,
nell
such as covering submarine con¬
said, according to Associated
Press
Washington
advices,
he tacts and guarding convoy ap¬
might have "made a strong case" proach and departure."
for an all-out alert
He
said
that
daily searches
by the Army
forces instead of an alert
only varied, "but the over-all result
against sabotage. He said he was is that only four-fifths of the
certain that the Hawaiian forces circle
(of waters about Hawaii)
would have been on an
all-out is being covered to a reasonable
he
never
received
much of the information that was
available to the naval forces in
alert if they had had all the in¬
formation available in
Washington.
Colonel Bicknell warned his
and
efficient
intelli¬
When
"So far
get
bearings began
permit the
of
the
joint
on
new
W.
counsel, Seth
Richardson, to become ac¬
quainted with the volume of ear¬
lier testimony, reopened its in¬
quiry. On that day its most im¬
portant witness was Rear Admiral
Husband E. Kimmel, who read a
'.25,00 word statement to the
mittee
and
Admiral
marine vessels
and
Late
dispatch
Harold
from
department has
no
attack
on
district.
Allocations
Washington. The Admiral declared
aircraft squadrons
that had he been
kept abreast of
all the information held in Wash¬
available in
ington
ments
the
1941, it
afternoon
was
his
of
Dec.
6,
"present convic¬
tion that I would have ordered all
fleet units in Pearl Harbor to
sea,
arranged a rendezvous with (Ad¬
miral William F.)
be
as
the
future
on
his
same
18
witness
as a
session this proposal
was
3
the
investigating
on
Jan.
committee
re¬
inspection
of
Knox's
Harbor after
upon
Pearl
the Dec. 7, 1941, Japanese attack.
Highlight of the report as given
Associated
by. the
Washington,
ment
new
that
Jan.
by Mr.
the
Knox to the
"initial
success"
Japanese attack
will
Press from
4, is a state¬
•
effect
of
the
due to
the
the damage done, was
lack of a state of readi¬
a
against such an air. attack
by both branches of the service
This statement was made by me
to both General Short arid Admi¬
ness
second
day's testimony,
Jan. 16, Admiral Kimmel re¬
vealed that since the Pearl Harbor
instant readiness to repel
at¬
an
is m.y
conviction," the Ad¬
miral asserted, "that action
by the
Navy Department at any one of
these significant dates in furnish¬
ing me the information from the
Intercepted messages would have
altered the events of Dec.
"The Pacific
fighting chance.
It
to receive from the
ment
the
able*
Such
7,1941.
Fleet deserved
a
entitled
was
Navy Depart¬
best information
avail¬
information had been
urgently requested.
"I had been assured that it would
be furnished me.
We faced our
problems in the Pacific confident
that
such
would
assurance
be
faithfully carried 0111."
During the
course
sion
from
lantic,
his
first
division.
'
>
he
had
the Pacific Fleet
but
Harbor
was
ington
tell
mel
the Associated
by Admiral Chester
Who succeeded Kimmel
as
Pacific
fleet commander when the latter
Was relieved after Japan's Attack.
In this communication, Admiral
Nimitz said that
a repeat air raid
probable-And the Army and
Navy had on hand 109 long-range
planes and needed at least 150.
Kimmel, in a statement to the
committee,; had said thaf before
was.
the attack
there
were
forty-nine
finable Navy and six Army planes
§ in Hawaii
suitable
for
long-dis-
lance reconnaissance.
From the J Associated Press
:;v quote:
ation.
'
,
on
the situ
J
;,
the hour had struck and that
felt that
was at
stationed at
defend
in
the
event
were
on
security
cifically
according to
Press, that he had
on a
reasons
why
he
an
all-out alert
as
spe¬
he did
false alarm in 1940.
3<i,THe
action
in
dispatching
unarmedbombers from" fhe main*
land to Hawaii on the night of
patrol in all directions from the
Hawaiian island of Oahu and felt
that he could not afford to place
surface units on patrol in an arc
Dec.
tb the north arid west oi Pearl
Harbor. The Japanese struck from
the north.
'
probable."
nave
kept
my
opportunity
forum
was
of
presented
:me."
j...
During the course of his testi¬
was
vindication
a
of
the
ate President Roosevelt's disputed
policy of keeping the fleet based
at Hawaii instead of on the West
Coast.
On the subject of his liai¬
With AdmiralTGmmel, Pacific
son
fleet Commander at the time, Gen¬
eral Short said: "I think I knew
all I could have been expected to
know
(of Navy operations). As
what the Navy didn't know
to
about
my
have
been
operations, that must
due to faulty staff
work."
On Feb. 1, Capt. L. F. Safford,
1941 head of the Navy Department
Communications Intelligence Unit,
before
the
investigat¬
ing committee to declare that in
went
the week before the Pearl Harbor
attack
the, Navy
Japanese
"winds"
intercepted
code
message
knew
which "meant war—and
it
we
Capt. Safford tolc
the committee, "I saw the winds
message typed in page form on
yellow teletype paper, with the
was
not
continued, turned to the fact that
'■>\ 5. Had he been given by tele*
phone Gen. Marshall's December
7; message, which arrived too late,
Nov. I and again on Dec. 1, 1941
Navy, witnesses have testified; (we
he would have had four hours to
i prepare
j
6.
for the attack,
The
War
had
ine
nine days after the November 27
Department
of
eight"
false
a message in the Ja¬
winds code had been re¬
ceived, he added.
That he is confident that Navy
ile
JD-1:7001, which the commit¬
tee
has
only
single sheet of paper bear¬
the words, "File canceled,"
ing
been
informed
contains
a
contained
never
"winds"
a
mes¬
"
sage
.
On
Feb.
12, Admiral Royal E.
ngersoll, who
was
Assistant Chief
of Naval Operations when the war
told the committee that the
Degan,
United
neld
States
secret
and
Great
Britain
conversations
about
the; > possibility;' of
volved
in
becoming in¬
with Japan, the
reported from
war
a
Associated
Press
Washington. The admiral stated
that, while on a secret mission to
London in early
1938, he con¬
ducted the conversations with his
opposite
number
Admiralty.
that
the
in
•
British
"Everybody
sooner
later
or
we
knew
all
were
going to be involved in war in the
Pacific," Ingersoll said
Another witness, Col. Walter C.
Phillips, on Feb. 19, told the com¬
mittee that Army men in Hawaii
before
Pearl
Washington
foolish
Harbor
"would
believed
be
not
so
to withhold vital intel¬
as
ligence from us." Phillips, who
Chief of Staff to Major-Gen.
was
Walter C. Short, backed up Gen.
Short's contentions, • according to
the Associated
Press,; on the fol¬
lowing points: '
;
1. T h a t Washington
did not
send any information which indi¬
cated an attack on Hawaii;
2. Washington did nothing to
correct
sent
the
a
situation
when
Short
in late November,
message
1941, stating that he had gone on,
alert only against sabotage. ;
Phillips's statement said:
"Our enemy intelligence came;
from Washington. We knew they
had more than they gave us, but
we
assumed,: quite reasonably*
that they would not be so foolish
as
to withhold vital intelligence
an
from
meant war".
us.
"After
alerted
we
to prevent
reported to them,
sabotage and
so
they sent
three
us
sabotage
more
im¬
We were absolutely sure
they meant sabotage and not some
mediately forwarded this message
other unmentioned form of 'hostile
to
action.'"
translation written below.
I
commanding officer
my
(Rear
messages.
Admiral Leigh Noyes), thus fully
The Pearl Harbor investigation
responsibility in had been scheduled to end Feb*
the matter." Safford, in the course
15, but on that day, without dis¬
of Miis testimony on Feb. 1, went
sent,
the
Senate
and
House
oh to declare,-according to the As¬
adopted a resolution extending
discharging
my
sociated Press Washington
report
of the hearings, that from his rec¬
ollection and from circumstantial
evidence
winds
a
execute
mes¬
sage was part
On Feb. 2,
continuing his testi¬
Capt. Safford told the com¬
mittee that "there is the apearmony,
ance" of a War and Navy Depart¬
ment conspiracy to blot out re¬
ceipt, of a tip-off on war with
Japan. He also said that a rep¬
resentative
of
of
Secretary
the
Navy James Forrestal had tried in
a
previous inquiry last year to in¬
duce him to change his testimony
that had been "unfavorable to any
in Washington."
:
I
,
On Feb. 7, however, conflicting
testimony came to the investiga¬
tors when Capt. A. D
Kramer,
attached to the Chief of Naval
Operations office in 1941, asserted
that he never heard of any order
the deadline to June 1.
Churchill LL.D.
An
of
honorary degree of Doctor
Laws
British
ida
resort since
also
part,
the Associated Press
said:
That
he
believes
v
now
:
.
an
"ap-
parent winds message" he saw on
Dec. 5, 1941, was a "false alarm.
January, but in
speech accepting the honor
the University conferred on hinv
he expressed
the "desire to soon
return to England because of "thn
accounts I read of the severity of
life" there*
Commenting on the
value of a full education, Mr.
•
Churchill, according to the Asso¬
ciated Press account from
went
on
to
say
Miami,
in part: ;
;
"It is, the glory of the United
States that her graduates of uni¬
versities
are
millions
numbered not by the
but
by the tens of mil¬
certainly any young
who has ;;tbe*e
and
or
woman
laid be¬
the mother
advantages
measureless
fore them and has not
bv them to* the f»d*
right to complain if he
makes only a mediocre success of
wit to profit
has
no
liJf
"
:"t.
have
.
Millions of young men
had:'their
rupted
by
been
flaming
sure
•
Kramer also testified:
Winston
the
have
attack.
former
to
Minister
Feb. 26 by the Uni¬
Mr. Churchill
vacationing# at the Flor¬
has been
lions
In
on
versity" of .Miami.
man
the
given
was
Prime
Churchill
for Navy
Department personnel to
memoranda
concerning
events preceding the Japanese at¬
tack of Dec. 7, 1941. He said, ac¬
cording to Asociated; Press ad¬
vices, that he was "astonished"
when he learned that Capt. Saf¬
ford had testified that such an
order from V Admiral Harold R.
j
;
Miami University Gives
destroy
Stark, Chief of Naval Operations,
they had definite information of Was passed orally through the
the location of Japanese carriers." Navy Department a few days after
the Japanese changed the radio
call signals for their warships on
that
raid
December 6- to aid in reconnais¬
sance and "to me thiS meant that
sel; the, Associated Press report
Press)
air
Army planes from November 27 to
Before the day's inquiry ended,
Asociated
an
4. The Navy did not ask for any
'
because of these changes, American naval
intelligence, which mon-
6,1941, "confirmed me in my
belief that
Mr. Richardson, committee coun¬
the
public
one
tion he should have directed
to
insufficient submarines to conduct
a
hand."
could -not be given thi& informa¬
of War
Japanese. He went
war
<2. .If General Marshall felt there
Hawaii,
the committee,
quote
We
available information
there to conduct offensive
with the
began,
W. Nimitz,
to
never
was
I
the
waii after their attack had the
United States Pacific fleet been
absent
from
Hawaiian
waters,
Washington had sent him all the
During the following day's ap¬
In his longer, main statement
before the committee, in General Short
contended, accord
telling about the "war warning"
ing to the Associated Press:
he received from the Navy De¬
1. He was not given the infor¬
partment on Nov. 27, 1941, ten
mation
from
intercepted Japa¬
days before the Japanese struck
nese messages by which he said
the base (which warning, he said,
the War Department "knew defi¬
added little, if anything, to previ¬
nitely at 9 p. m., December 6, that
ous
messages), Admiral Kimmel
that
and
me
until
of a news broadcast
from station JAP, Tokyo, at 8:30
all-out alert" if a. m. Washington time, Dec. 4.
pearance
operations
war
have gone on an
ing Japanese spies in Hawaii "in
the jug," but the Army objected.
said
to
waii would be attacked and would
The Navy recommended throw¬
day's testimony, according to As¬
;f 2942/ a month after the
public.
In
a
separate
opening
statement the general asserted thai;
the At¬
and
sociated Press advices from Wash¬
on that day, Admiral Kim¬
produced a dispatch sent to
the Navy Department on Jan.
7,
Pacific to
carried to President
Roosevelt a protest against the he was "sure that I would have
proposed
shifting of a
second arrived at the conclusion that Ha
Pearl
of
the
;o
"which included
almost all
ral Kimmel and both agreed tha*.
Halsey's task attack he has been receiving» lettera it^ Wa^AhtiiM^true^l •
force returning from
Wake, and threatening his life. Other disclos¬
On Jan. 22," the commanding
been ready to intercept the
Japa¬ ures by the admiral, according General of the Army's Hawaiian
nese force by the time fixed
for to the Associated Press, during the
Department in 1941, Major Genera
the outbreak of war."
day's inquiry were that:
Walter C. Short, went before the
Even if he had been notified on
1. The Army and Navy in Ha¬
investigating committee, the Asso¬
the morning of Dec. 7, Admiral waii co-operated to a "higher de¬
ciated Press reported, and declared
Kimmel went on to say, that Ja¬ gree" than in many other areas.
that the War Department in four
pan was delivering its diplomatic
2. But, he didn't know that the
years of silence had attempted to
reply at one p. m. Washington
Army had alerted orily against single him out as "the scapegoat
time, such notification would have sabotage
just before the Dec. 7, for the disaster" at Pearl Harbor.
permitted him to move his light 1941 attack.
'
This was the first time the 65-year^
forces out of Pearl Harbor and
3. He futilely opposed the pre¬ old General has had art opportu¬
have "all resources of the fleet in
war transfer of a
battleship divi¬ nity to testify on the attack in
tack".
buck'
"six
were
alarms that
panese
>,
ic, in the long run and even at the
time.: Instead, they 'passed ' the
which
President Roosevelt
by the require¬
strategic 'situation
it develops."
In
to
port of the late Secretary of the
Navy Frank Knox to the late
determined
of
;
,
mony on Jan. 24, General Short
declared that the Japanese might
lave
landed successfully in Ha¬
5,
which become
near
the
made public a hitherto secret
addi¬
of
-
Gen¬
the
There
am
silence
Before going into recess
tional
val
Japanese surprise
unable
were
rejected, 6 to 2.
Admiral
the
he
we
WinstonyChurchUl be called
Jan.
Stark, then Chief of
Naval
Operations, on Nov. 25,
1941, which advised:
com¬
it is stated,
"I
..
immi¬
not
as
have been understood by the pub¬
during his stay in this country.
However, during the committee's
a
put the blame for the disaster of
which,
Staff's.
eral
was
same
anticipate the surprise raid would
concerned there
was
before the committee
airplanes available for as¬
signment to the Fourteenth Na¬
in
the
ihis
ter
R.
"The
attack
that former British Prime Minis¬
during 1941.
them
to
was
day, proposals
were made by a
Republican mem¬
ber of the investigating committee
anti-sub¬
The documents also included
air
a
fleets he said. "There
ships
were
C.
planes
more
the greatest danger and
was
"that
nent"
General Staff of their failure to
identify."
Kimmel gave the committee other
fo
session
I
as
ho lost
was
range, and this with mediocre ef¬
Jan. 15, when
"the committee, which had
recessed
final
tage
to
referred
Japanese ships as
fleet," Kimmel protested.
"lost
reciting efforts he
C. Bloch, com¬
mandant of the Fourteenth (Ha¬
waiian) Naval district, made to
The
Richardson
the unlocated
communications
service."
gence
message to change the
anti-sabotage alert which he noti¬
fied Washington he had put in
effect, but did nothing.
7. He now realized that "my
decision was wrong" to alert only
against sabotage, but thinks his
judgment at the time that sabo¬
,
fectiveness,
although
available
material and personnel are being
listeners that the United States strained to the limit."
must expect "another Pearl Har¬
Along with the Nimitz letter,
bor" unless it
developes a "co¬ the Associated Press reported,
ordinated
warning
sure," General Short as¬
large scale."
serted. in his 13,000-word state¬
The Admiral said he; did not ment to the investigating com¬
recall whether he had underlined mittee,
according to the Associ¬
the sentence, but that he
certainly ated Press, "that an honest conhad seen the. report.
j fession by the War
Department
commander,
"It
1333
'
slashed
sword.
that,
in
inter¬
education
Their lives
the war.
by
across
both our countries,
for
they do not suffer needlessly
this
its
We must make
particular form of the sacri¬
fice they have
made."
-
.
•
THE
1334
City Department
State and
NEGOTIATIONS
BOND PROPOSALS AND
bids until 11 a.m. on
ALABAMA
March 18 for
purchase
of school
bonds
amounting to $250,000, not ex¬
ceeding 5% interest.
Dated Feb.
the
Gadsen),
Etowah County (P. O.
Monday, March 11, 1946
FINANCIAL CHRONICLE
&
COMMERCIAL
Mission
70,000
Angeles County Bell-Flower
(P. O.' Los Angeles),
Los
School District
April
$5,000
Due
bonds.
Sch. Dist.
1,
1%,
lowest
the
at
rate obtainable when sold at par,
3%, when sold to the bidder
pay the
highest price
at
or
1947 to 1960.
Calif.
of
twentieth
will
who
Denomina¬
therefor.
Principal and interest
of construction and athletic im¬ tion $1,000. Principal and inter¬
Bond Election —- An issue of
18,
1946.
Denomination $1,000.
payable at the Florida National
court house bonds amounting to Due $50,000 in 1947 to 1951. Prin¬ provement
bonds amounting to est payable at the County Treas¬
Bank & Trust Co., Miami.
The
the urer's office. Legality approved
: $500,000 witf be submitted to the cipal and interest payable at the $800,000 was submitted to
voters
at
the election held on by O'Meiveny & Myers, of Los payment of said bonds and the
voters at the primary election to
County Treasurer's office.
Bids
interest thereon will be secured
Feb. 7.
be held on May 7.
Angeles. Enclose a Certified check
will be received for all or any
by a pledge Of and a first and ex¬
for 4% of the bonds bid for, pay¬
Los Angeles County Compton
portion of said bonds. In the event
clusive lien upon all rentals and
Gadsen^ Aid.
able to the County Treasurer.
Alabama
:
Held—An
Election
Bond
Union Secondary Sch. Dist.
—
Ah issue of that the bidder submits a propo¬
(P. O. Los Angeles), Calif.
installation bonds sal to purchase a portion of said
Bond Election—An issue of con¬
amounting to $230,000 will be bonds, the bids shall designate
bonds
amounting
to
submitted to the voters at the specifically the bonds bid for. All struction
bonds sold to a bidder bidding $985,000 will be submitted to the
election to be held on March 26.
for a portion of said bonds shall voters at the election to be held
bear the same rate of interest, on
ARIZONA
May 17.
and bids for varying rates of in¬
Los Angeles County, El Monte
Maricopa County Elementary Sen. terest for the same block or por¬
Union High Sch. Dist. (P. O.
Dist. No. 1 (P.O. Phoenix),
tion of said bonds will be reject¬
Ariz.
Los Angeles), Calif.
ed.
No bids for less than par and
Bond Offering—F. J. Fountain,
Bond Election Planned—An is¬ accrued interest.
Enclose a cer¬
Business
sue of construction bonds amount¬
Manager, will receive
tified check for 10% of the bonds
Election
Bond
ing to $1,750,000 will be submit¬
ted to the voters at the election
to be held in the near future.
bid
for,
Los
(P. O. Phoenix), Ariz.
Bond Election — The following
Bond
.
$168,000 will
bonds amounting to
be submitted to the voters at the
election to held
-bonds.
5
»
No.
District
School
105,000
No.
District
14
bonds*
Maricopa
County Glendale Union
Htgh Sch. Diet. (P. O. Glendale), Ariz.
Election
Bond
issue of
An
—
building and grandstand construc¬
tion bonds amounting to $125,000
will be submitted to the voters at
the election to be held in the near
| future.
Maricopa County Sch. Diet. No. 31
(P* O; Phoenix); Ariz.,
Bond Offering—J, E, De Souza,
Clerk of the board of supervisors,
receive
sealed
until
bids
10
April 1 for the purchase
of $20,000 school coupon bonds,
not exceeding 4 % interest.
Dated June 1, 1945. Denomina¬
tion $1,000. Due $4,000 June 1,
1958 to 1962. The purchaser will
be required to furnish and pay for
the printing of the bonds. No bids
for less than par and accrued in¬
terest to dats of delivery will be I
considered. Delivery to be made
at Phoenix. The purchaser will be1
furnished with a certified copy of
the transcript of the proceedings
so that the same
may be passed
upon by the attorney for such bid¬
der. Enclose a certified check for
on
5% of the amount bid, payable to
the County Treasurer.
.
CALIFORNIA
Beverly Hills, Calif.
Bond
Election—The
following
bonds amounting to $525,000 will
be submitted to the voters at the
general municipal
held oh April 9;,
election to
be
$300,000 metropolitan outfall sew¬
age disposal plant bonds,
225,000 incinerator bonds.
Contra Costa
County Canyon Sch.
DisC (P. O.
Martinez), Calif.
Offering—W. T. Paasch,
County Clerk, will receive sealed
Bond
bids
until
11
a m.
for the purchase
March
on
18
of $7,000 school
bonds, not exceeding 5% interest.
Dated April 1, 1946. Denomination
$1,000. Due $1,000 in 1948,
1952, 1954, 1956, 1958 and
bid
No
^accrued
sidered.
1950,
1960.
for
less: than par and
interest will be con¬
Principal > and interest
payable at the County Treasurer's
office.
The approving opinion of
Orrick, Dahlquist, Neff, Brown &
Herrington, of San Francisco, will
be
furnished.
check
for
5%
Enclose
of
a
certified
the > bonds
bid
for, payable to the County Treas¬
urer.
Kern
County, Standard Sch. Dist.
(P. O. Bakersfield), Calif.
Bond
Offering
—
R.
J.
Veon,
County Clerk, will receive sealed
to
the
above
Water
Angeles, Calif.
Sale—The Department
and
Power
Electric
sealed bids until March 19 for the
purchase of building bonds
amounting to $900,000, not ex¬
ceeding 5% interest. These bonds
of
Plant
v.
163, p. 1205—were awarded to a
syndicate composed of Glore, Forgan & Co., C. J. Devine & Co.,
both of New York, Stroud & Co.,
of Philadelphia, Otis & Co., Maynard H. Murch & Co., both of'
Cleveland, Francis I. duPont &
Co., First of Michigan Corp., Don¬
ald MacKinnon & Co., all of New
York, W. H. Newbold's Son &
Co., of Philadelphia, L. F. Roths¬
child & Co., of New 'York, J. C.
Bradford & Co., of Nashville, Ira
Haupt & Co., A. M. Kidder & Co.,
Lobdell & Co., Mackey, Dunn &
Co., all of New York, Municipal
Bond & Investment
Co.,* of Mem¬
phis, H. V. Sattley & Co., of De¬
troit, Swiss American Corp., Tripp
& Co., both of New York, E. M.
Adams & Co., of Portland, Bar¬
ret, Fitch & Co., of Kansas City,
Bioren
&
Co., of Philadelphia,
Bosworth, Chanute, Loughridge &
Co., of Denver, C. C. Collins &
Co., of Philadelphia, Foster &
Marshall, of Seattle, Fox, Reusch
& Co., of Cincinnati, Julien Col¬
lins & Co., of Chicago, Julius A.
Rippel, Inc., of Newark, Thomas
Kemp & Co., of Los Angeles,
Lyons & Shafto, of Boston, Moore,
Leonard & Lynch, of Pittsburgh,
Newburger & Hano, of Philadel¬
phia, Newhard, Cook & Co., of St.
Louis, Peters, Writer & Christensen,
of Denver,
Raffensperger,
Hughes & Co., of Indianapolis,
Ranson-Davidson
Co., Reinholdt
& Gardner, of St. Louis, Roose &
Co., of Toledo, Scott, Horner &
Mason,| of Lynchburg, Chas. W.
authorized
were
held
refunding revenue, issue of 1946
bonds
amounting to $19,750,000
and offered for sale on March 5—
March 23:
on
School
$63,000
payable
clerk.
Sch. Dists.
Maricopa County
a.m.
other
the
at
election
until
sealed bids
March
for
7
p.m.
on
the
purchase of
sewer bonds amounting to $40,000
not exceeding 4% interest.
Dated Oct. 1, 1945.
Denomina¬
tion $1,000. Due Oct. 1, as fol¬
lows: $3,000 in 1946 to 1955, and
$2,000 in 1956 to 1960. Rate of in¬
terest to be in multiples of V\ of
1%. Not more than one rate shall
be named. Principal and interest
11
payable
at
the
Treasurer's
City
opinion of
O'Meiveny & Myers of Los An¬
geles, will be furnished. Enclose a
The approving
office.
check
certified
bonds bid«for,
Riverside
3%
for
Bond
Elsinore Union
O. River'
side), Calif.
County,
Offering—G.
A.
Peque-
County Clerk, will receive
sealed bids until 10
11
the
a.
m.
on
Mar.
of $150,000
school bonds, not exceeding 5%
interest.
Dated
April
1,
1946.
Denomination $1,000. Due April 1,
as follows: $5,000 in 1948, $10,000
in 1949 to 1962, and $5,000 in 1963.
for
The
purchase
bonds
than
less
will
par
be
sold
for
not
and accrued inter¬
Principal and interest payable
the County Treasurer's office.
est.
at
Enclose
of
the
a
certified check for
5%
bonds bid
for, payable to
the Chairman Board of Supervi¬
sors.
Riverside County
Sch. Dist. (P. O.
Riverside), Calif.
Bond Sale—An issue of Corona
Union
High School District bonds
Scranton & Co., of New Haven,
amounting to $525,000 and offered
Shuman, Agnew & Co., of San for sale on March 4—v.
163, p.
Francisco, Stein Bros. & Boyce, of 1079—was awarded to a
syndicate
Baltimore, Townsend, Dabriey &
composed of Halsey, Stuart & Co.,
Tyson, of Boston, M. B. Vidk & C. F. Childs
& Co., of Chicago,
Co., of Chicago, J. G. White & Co.,
Milwaukee
Co.,
of Milwaukee,
of New York, and Lawson, Levy
and Thomas Kemp & Co., of Los
& Williams, of San Francisco at a
Angeles, as l%s, at a price of
price of par, a net interest cost of
100.413, a basis of 1.209%. These
1.17183%, as follows:
bonds are due $25,000 April 1,
For $2,290,000 maturing March 1947 to
1967. The $250,000 Corona
1, $440,000 in 1947, $450,000 in School District bonds also offered
1948, $455,000 in 1949, $465,000 in on March 4—v.
163, p. 1079—were
1950, $480,000 in 1951, as 5s, $1,- awarded to the Harris Trust &
010,000 maturing March 1, $495,- Savings Bank of
Chicago, and the
000 in 1952, $515,000 in 1953, as
Southern County Bank, of Ana¬
3/4s, $9,640,000 maturing March 1,
heim, jointly, as D/4s, at a price
$535,000 in 1954, $555,000 in 1955, of
100.898, a basis of 1.14%.
u J
$580,000 in 1956, $605,000 in 1957,
Dated April L 1946.
DenOm.
$635,000 in 1958, $670,000 in 1959,
$1,000. Interest A-O.
$700,000 in 1960, $730,000 in 1961.
$750,000 in 1962, $755,000 in 1963, San Bernardino County Sch; Dist.
$765,000 in 1964, $775,000 in 1965,
XP» O. San Bernardino), Calif. v
$785,000 in 1966, $800,000 in 1967,
Bond Offering—Harry Allison,
as
Is, $5,035,000 maturing March
County Clerk, will receive seal-,
1, '$805,000 in 1968, $820,000 in ed bids until 11 a.
m. on March
1969, $835,000 in 1970, $845,000 in 18 for the
purchase of the follow¬
1971, $860,000 in 1972, $870,000 in
ing bonds amounting to $204,000,
1973, as iy4s, and 1,775,000 ma¬ not
exceeding 5% interest:
turing March 1, $880,000 in 1974,
$134,000 Barstow Union School
and $895,000 in 1975, as Is. These
District. Due Aprilbl, as folbonds are dated March 1, 1946.
lows: $6,000 in 1947, to 1968,
Interest M-S.
and $2,000 in I960:v
.
000
at
bonds amounting to
March 26.
COLORADO
derived from the
revenues
operation of the toll bridges and
approaches thereto and toll high¬
ways and any other property of
the district, including the 80% of
the
fuel
excise
gasoline
surplus
other
or
accruing to the
credit of Monroe County, under
Section 16 of Article IX of the
taxes
Constitution
of
the
State, and
Las Animas Sch. Dist. paid by the State Road Department
as a part of the rentals, pursuant
(P. O. Las Animas), Colo.
Road
Bond Election—An issue of con¬ to contract of the State
struction
bonds
amounting
to Department with the Overseas
$160,000 will be submitted to the Road and Toll Bridge District,
dated Dec. 29, 1945.
voters at an election to be held in
Bent Copnty
60 days.
of
mu¬
Grand
Sulphur
Hot
County,
Springs Sch. Dist. (P. O.
Sulphur Springs), Colo.
Bonds Voted—An issue of con¬
Hot
bonds
struction
was
voted at an election
ordinance
Hammett,
receive sealed
bids until 7:30 p.m. on March 26
for the purchase of $262,000 water
Clerk, .will
extension
works
not
bonds,
ex¬
ceeding 2% interest.
Dated March 1, 1946. Due March
1947 to
1960, and
$22,000 in 1961. Bonds maturing
March 1, 1961, shall be redeem¬
1,
follows:
as
$10,000 in
1955, $30,000 in 1956 to
able at the
option of the City 10
after date of said bonds, and
interest date thereafter in
inverse numerical order, at par
and accrued interest upon 30 days'
notice. Principal and interest pay¬
able at the City Treasurer's office.
No bids will be considered which
name more than one rate of inter¬
years
on
any
purchaser will be fur¬
nished with the approving opinion
of
Pershing, Bosworth, Dick &
Dawson, of Denver. Delivery will
be made on or about April 30,
The
est.
1946. Enclose a certified check
for
$3,000, payable to the City.
FLORIDA
of
sue
bonds
may
an
sewer
and
amounting
water main
to
$1,000,000
be submitted to the voters at
election to be held on April 9.
Overseas Road
and Toll Bridge Dist. (P. O.
Monroe
County
Key West), Fid.
Bond
Executive;,• Director,
has
an¬
Board of
Administration.: will receive seal¬
ed bids at its office in Tallahas¬
see, until 3 p.m. on Mariih 19 for
the- purchase of series of 1946
SBA
coupon
refunding
bonds
amounting to $3,150,000.
Dated
April i, 1946. Denomination $1,000.
Due
April
1, as follows:
$i85,000 in 1947^ $190,000 in 1948,
$195,000 in 1949, $200,000 in 1950,
$250,000 in 1951, $275,000 in 1952,
$300,000 in 1953 to 1956, $325,000
in 1957, and $330,000 in 1958, op¬
tional April ly 1952, or on any in¬
terest payment date thereafter, at
par arid accrued interest.
The
bonds' to bear, interest in mul¬
tiples ofone-tenth or one-
board
the
reserves
unqualified
ex¬
right
to
determine who is the best bidder
and
to
reject
any
all
or
bids.
and
issued
be
will
bonds
Said
by the State Board of Ad¬
ministration,
a
body
corporate
sold
composed
of
the
Governor,
Comptroller and Treasurer of the
State,
created by and existing
under Section 16 of Article IX of
the* Constitution of the State, and
and
pursuant
applicable
the
to
statutes of the State and a resolu¬
tion
and
by said Board
judicial
duly adopted
will be validated by
said
to
Reference
decree.
Con¬
provision, statutes and
resolution may be had for a more
detailed description of said bonds.
stitutional
The approving
opinion of Giles J.
Patterson, of Jacksonville, to the
effect that such bonds are valid
binding obligations of
of Administra¬
and legally
the
State
Board
tion, acting for and on behalf of
District and, if requested, a
said
copy of the transcript of the pro¬
ceedings involved will be deliver¬
ed
the
to
said
of
purchasers
bonds, without charge. Enclose a
certified check for 2% of the par
value of the bonds bid for, pay¬
the
to
State
of Ad¬
checks
Board
Certified
ministration.
require Documentary Stamp Tax
at the rate of 10 cents per $100 or
fraction thereof.
Separate bank¬
able remittances to cover such tax
should
each
accompany
if
check
stamps
tax
such
not
are
at¬
tached.
'%
Palm
.
V
.
Beach
Offering-—Ralph A* Pott$,
nounced that the State
part
a
aid
clusive
able
Daytona Beach, Fla.
Bond Election Planned—An is¬
bid will be consid¬
of a specified
no
calling for an issue of
Bond Offering—W. A.
City
the
to
the first day of
The
plant
premium
maturity date
April, 1946.
Separate bids may be submitted
for any bloc or blocs of bonds,
or for the entire issue of $3,150,computed
from
for
bonds amounting to
$60,000 was given final reading
at a recent Council meeting.
water
after de¬
offered, if
any.
Interest on the premium, if
any, will not be considered as de¬
ductible in determining the net
interest cost.
In determining the
net interest cost, interest will be
bloc.
—
produces
the
ered
Bonds
to
bid
interest cost
lowest
ducting
An
Waier
awarded
be
whose
bidder
000, but
Colo.
Greeley,
Issue
To
favorably
held recently.
the
will
bonds
The
the
Collins, Colo.
nicipal
sewage
plant
bonds
amounting to $250,000 will be
submitted to the voters at the
election to be held on April 2.
the
of
payable .to the City.
Sch. Dist. (P.
gnat,
construc¬
$1,500,will be submitted to the voters
the election to
be held on
tion
Bond Election—An issue
M.
Vonderembs, City Clerk, will re¬
ceive
—
Calif.
An issue of
drain and sewer
Fort
Ojai, Calif.
Offering — Harriet
Bond
Election
Bond
storm
Jan. 29.
on
Ana,
Santa
system
sewer
will
Dated April 1, 1946.
issue
.
County
(P.
O. West
Palm Beach), Fla.
-
Election—The
Bond
bonds
following
amounting to $850,000 will
the voters at tho
be submitted to
election to be held on March
19:
$450,000 prpperty purchase bonds.
400,000 park development bonds.
i.
-X:
t
*•••*••■
*.•...
•*';
GEORGIA
Georgia (State of)
on Recent
The State "Su¬
\ Attorneys Comment
Court
Decision
—
Court recently passed on
of the new Georgia
constitution in decisions involv¬
preme
the
validity
legality of school bond
: in
Clinch j and ■ VWalker
Bounties;
Im these decisions the;
court ruled -that the new docuf
ing
the
elections
ment does not alter or
change the
Volume 163
:
Number 4471
THR COMMERCIAL £ FINANCIAL CHRONICLE
"status of previously existing laws
in inverse numerical
Bethany, III.
order, op
Certificates' Purchased—Ahvis- any interest payment date after
covering the issuance of local
school bonds—-v. 163, p. 1206. F0I7 sue of electric light, plant and issuance, at face
value, together
lowing the court'si decision, system certificates of indebted¬ with the following premiums;
if redeemed on or before
Brooker, Tindall & Co.; of At? ness amounting
to
$63,000—v. 8%
lanta, asked their attorneys for an 162, p. 2712—was purchased re¬ July 1, 1951; 5% if redeemed after
i
interpretation of the ruling andf, cently by Benjamin Lewis & Co., July 1,1951, and on or before Jam
under date of Feb. 26, received of Chicago.
1, 1960; 2%% if redeemed afteif
Jan. 1, 1960, and prior to matur¬
the statement reprinted herewith;
Centralia Township HighSch. Diet.
ity; plus in each case accrued in¬
"You have asked for an interr
No. 200 (Pi 0.*Centralia), III. ;
terest to the date fixed for re¬
pretation of the decision of the
Bonds Voted—An issue of con»
demption; provided notice of such
Supreme Court of Georgia handed struction
bonds
amounting
to
down on Feb. 20 dealing with,
redemption shall ^ be % published
$250,000 was favorably voted at at
least .20 days prior, to the
among other things, the right of the election held
date
recently. * -:
fixed for. redemption at least one
local
school
districts
to
issue
time in a newspaper of
Clinton, III.
\
bonds,
•
general
Bonds Pufehased^An issue of circulation
published in Grrant
"The Court in a unanimous de¬
w$ter revenue bonds an\ounting Co., Ind., and a newspaper or
cision held that: 'The Constitu¬
to $27,000—v. 162, p. 2156—was financial journal of general circu¬
tion of 1945 does not abolish local
purchased recently by the Mid¬ lation published in the City of
school districts
or
local school
land Securities Co., of Chicago. J
Indianapolis, and a like notice
trustees; neither does it change
sent; by mail to the holders, of
oralterthe, statutory law with C.pob County Sch. Diet. No. 124
such bonds as are then registered.
reference to local school bonds/ t
(P, Ov Evergreen Park), III.'
Rate of interest to be in
multiples
Bonds Purchased—An issue of
"The Court in the body of the
of V\ of 1%, and not more than
construction bonds amounting to
opinion dealing with the above
one rate shall be named
by each
subject states: 'It seems clear to $150,000 was purchased recently bidder. No conditional bids
wijl
us
that the statutory law with by Edward Benjamin & Co., of be considered.
Principal and in¬
reference to local school districts, Chicago.
terest payable at the Twin
City
their trustees, their power to issue
State Bank, Gas City. Said bonds,
Homewood, III.
bonds, and the manner of provid¬
Bonds Purchased—An issue of will be awarded to the highest
ing a tax for the retirement of $71,000 water revenue bonds was
qualified bidder who has sub¬
bonds, remains in full force and purchased
recently by A. C. Allyn mitted his bid in accordance with
effect, and will remain so until and & Co., of
the notice of sale. The highest
Chicago.
unless changed by the General
bidder will be the one who offers
Loda, III.
Assembly.'
1335
highest bidder
R. S. Dickson
was
Carlisle County (P. O. Bard-
:
:
Bonds
'
IOWA
■
•
,
Branson
•
.
Consolidated
$13,000
School
Dec.
17, 1945, was awarded re¬
cently to Charles A. Hinsch &
District?, IowaBond Election—An election will
be held
on
the voters
Co., of Cincinnati, at a price of
105, a basis of about 2.918%. In¬
March 11 to submit to
an
issue of gymnasium
.
bonds
"The
Legislature at its recent
session passed a statute which in
my opinion has the effect of abolT
ishing school districts, although
in
certain
the
instances
of
education
county
appoint
local
trustees
for
individual
schools scattered throughout the
board
These trustees can only
advisory capacity and
the statute clearly indicates that
such trustees have no authority to
in
act
building addition
ing
to
$150,000
voted
Feb.
an
Bill
No.
the
known
March -12
1206—were awarded to the Carle-
793
called
was
following
the
had
to
No.
Bill
793,
approved
In the instant case
1, 1946.
the
bond? in question had been
upon
and authorized and
had been validated by a judgment
of the Superior Court, and
the
•
voted
•
had
bonds
tax
and
issued
been
the
We will
give the above referred to
of the Legislature such retro¬
levy actually made.
not
Act
effect
active
to
as
have any
Ordinance
ance
doubts
some
to what
as
the Court meant by the last sen¬
tence of the above quotation in
the
immediate
preceding para¬
.
$36,000
as
being
•
that judgment was
considered by the Court,
only
then the trial court had committed
no
On
error.
be
bonds
had
validated
the other hand,
construed
.might
and
that
tax
it
where
authorized
been
issued.
ment.
'
-
"Therefore, in order to clarify
the holding of the Supreme Court,
a motion for rehearing has been
motion
this
on
for
rehearing
.
its
and
opinion
whether
sued; I feel
\that
no
definitely
state
not bonds can be is¬
or
refunding
Co., of Des Moines,
Security Savings Bank, of
Eagle Grove, jointly, as l%s, at
a price of 100.40.
The next high¬
est bidder
Township (P. O.
Jerseyville), III.
Voted—Arj issue of road
improvement bonds amounting to
$20,000 was favorably voted at
Bonds
the election held
Paxton
Jan.
on
29.
constrained to hold
school district can legally
No.
Bonds
*
117, III.
Voted
construction
—
The
bonds
$150,000
favora*?
were
bly voted at the election held
Feb.
on
16..
Jackson
Bond Election—An issue of
city
hall bonds amounting to $1,220,000
will
voters
at
April
on
be
the
submitted
to
the
election to be
held
9.
Bonds Voted—An
$11,000
issue of
con¬
bonds
amounting
favorably voted
was
the election held
to
at
Whiteside County Community High
Sch.
Dist.
No.
306
(P. O.
Bond
Purchased—An
construction
issue
of
bonds
amounting to
$200,000 was purchased recently
by
William
Blair
&
Co.,
of
Chicago. These bonds were au¬
thorized at
Aug.
25,
the
election
held
on
1945.
air terminal, county
park
and
improvement
amounting
to
$1,000,000
home,
bonds
will
at
an
near
be
submitted
election
to
to
the
voters
be held in
the
future.
Bond Issue Authorized—An is¬
sue
of site purchase, construction
and
equipment bonds amounting
$1,000,000 was authorized on
Feb. 18, by the Board of School
to
These
bonds
due
are
Aurora, JU.
Bond Election—An
Gas
City, Ind.
Offering
Wesling,
City
— Robert
A.
Clerk-Treasurer,
will receive sealed bids until 7:30
(EST) on March 12 for the
purchase of $90,000 water works
p.
m.
revenue
ZVz%'
bonds,
interest.
not
exceeding
Bated
Nov.
1,
Denominations
$1,000
requested
the
as
by
or
pur¬
cinerator
bonds
Due Jan.
1, as follows:
$3,000 in 1943 and 1949, $4,000 in
issue of in¬
amounting
to
$160,000 will be submitted to the
voters at the
on
election to* be held
April 9.
rate
and
to
the
1950
and
1951, $5,000 in 1952 to
1.957, $6,000 in 1958 to 1960, and
$7,000 in 1961 to 1964. Said bonds
shall be redeemable at the option
.
of said
City in whole or in part,
the
at
held oit March
election
to
and best
Indep. Sch. Dist., Iowa
Offering—Alberta Mun-
and
son, Secretary of the Board of
Directors, will receive sealed bids
until 7:30 p. m. on March 15 for
the purchase of $50,000
W%%
school
close
a
Hammond, Ind.
Bond Offering—Keller H. Coch¬
City Controller, will receive
ation
These bonds
to
not
than
more
named
by
one
each
rate
bidder.
shall
Bonds
water
Payable
Feb.
for
Enclose
$1,500,
a
sealed
bids
for
1, 1948 to 1972. Rate of interest to
be
in
not
multiples of Va of 1%, and
more
than
interest
one
rate
shall
be
bi^fe/Principal,
tl^e City, but shall be and
constitute the in<febtedna^ of tho
Sanitary District aa a special tax¬
ing district. Said bonds, with the
interest thereon, shall be
payable
of
the
special taxes
levied
Chicago, Will be furnished.
a
En¬
c^ifiedv.clteoit/fex:^^"' of
offered for sale
$95,000
ers
Election
March
on
—
11.
issue
Ah
of
the vot¬
be submitted to
-at the election
March
to
be held
on
•
Bonds Voted—An issue of water
amounting to $9,506
favorably voted at the elec¬
on
Feb. 26.
v
,
p.
on
1079—was
awarded
New
on
light
Feb.
Iberia
National
Bank, of New Tbcria—-v. 163, p.
1207—were sold as 1.05s, at a price
of 100.093, a net interest cost of
1.33%. Dated April 1,1946. Denom
$1,000. These bonds
000
March
on
are
due $13,-
1,
1947 to 1956.
Other bidders were as follows:
Bidder
price Bid
White, Hattier & Sanford,
For $39,000, 2s, and
Scharff & Jones,
For $130,000, iy8s
-100.051
(Net interest cost 1.115%.)
Equitable Securities. Corp.,
for $26,000, 4s, and
$104,000, Is
1^,100.0008.
(Net interest cost 1.163%.)
*
KANSAS
Edwards County (P. O. Kinsley),
Kansas
Election—An issue of
$150,000 county hospital bonds
:
B,ond
will be submitted to the voters at
the election to
be held
on
April 2.
KENTUCKY
Breckenridge County (P. O.
Hardinsburg), Ky.
i
Bond
Call—W. L. Knuckles, Jr.,
State Local Finance Officer, calls
March I—v. for payment on April 1, 4% %
awarded to road and bridge refunding bonds
Nos. 45, 47,48, 49, 51 and 52, dated
Raffenspergerv Hughes & £o., of
Oct. 1. 1941. Payable at the Cit¬
Indianapolis- Dated Jan. 1, 1046.
izens Fidelity Bank & Trust Co.,
Denom.
Louisville. Interest ceases on date
$1,600./These bonds are
due from 1948' to 1954. The next called.
163,
the
^
i
works bonds
tion held
j
to
$91,000, Is
...100,119
(Net interest cost 1.007%.)
11.
Thor, Iowa
was
on
Details—The $130,-
bonds
revenue
25
will
bonds amounting to
$150,000, not exceeding 5% inter¬
Portage Township School Town¬
ship (P. O. Gray), Ind.
Sale—An issue of school
bonds amounting to $15,000 and
to
Sale
000 water works and electric
equipment
construction
the bonds bid for.
Bond
and
District, Iowa
est will
mature
Abbeville, La.
of
issue
City Independent School
Bond
upon
taxable
property in the
Sanitary District. The approving
opinion of Chapman 8c Cutler, of
close
Sioux
will
LOUISIANA
on
be submitted to the voters at the
payable at the City
Said
bonds,
pf
ness
bonds
future.
An
—
amounting
office.
shali not be in any respect the
corporate obligation or indebted¬
placed
near
election to be held
the purchase of $175,000 sanitary
district bonds, not exceeding *4%
interest. Dated April 1, 1946. De¬
nomination $1,000. Due $7,000 Jan.
These
School District, Iowa
construction
time, Mr. Cochran
receive
of
Bond
bonds
also
the
Election
Bond
City.
At the same
bonds will be
Scranton
payable to the
:
>
March 15, 1947 to 1959.
These
certified
George-
Lexington, Edward G. Taylor &
Co., and Fox, Reusch & Co., both
Cincinnati, at a price of 102.61,
were
14:
the market in
nished. No conditional bids will be
.' • •;
building bonds amounting
to $188,000 was awarded recently
to J. D. Van Hooser & Co., of
$12,000 revenue bonds,
v
6,000 general obligation bonds.
City. The ap¬
proving opinion of Chapman &
Cutler, of Chicago, will be fur¬
8c
Bonds Sold—An issue of 1%%
favor¬
ably voted at the election held on
be
Hays
school
— The
following
construction bonds
amounting to $18,000
out of unlimited ad valorem taxes
considered.
Skaggs,
town), Ky.
Voted
system
not
the date of their delivery
Scott County (Pi O.
me¬
New Providence, Iowa
1956, and
$7,000 in 1957. Rate of interest to
be in multiples of Va of 1%, and
bonds
on forms which
may be secured
from the County* Clerk. Enclose a
certified check for $2,000.
»
the election held on Feb. 20.
$1,000.
said
on
legal opinion
Fahey, of
Louisville.; The County will fur^
nish said opinion and printed
bond forms. Bids must be made
Of
building bonds amounting
$15,000 was favorably voted at
due on Jan. 1, as
are
on
morial
amounting to $43,000,
not exceeding 3% interest. Dated
Denom.
interest
Jr
MontezumW, Iowa '■'£
Bonds. Voted—An issue of
ment bonds
1946.
bidder at not less than
the final approving
,
sealed bids until 2 p.m. on March
25 for the purchase of fire depart¬
Co.,
consid-
to the successful purchaser and to
are
1960, and $4,000 in 1961
to 1965.
Bonds maturing in 1963
to 1965 are callable at any time
on or after Nov. 1, 1957.
Bidders
to 'satisfy themselves as to the
legality of the issue.
,//
certified check for $2,500,
1,
bonds
due $2,000 in 1948 to 1956, $3,000
payable to the City.
April
These
be
being subject to Federal or Ken¬
tucky ad valorem or income tax¬
in 1957 to
bonds.
Trust
10.2^5
provided, ' however,
the
County reserves the right to reject
any or all bids. Said bonds are to
be sold subject to the
principal of
18.
Bond
said
of
the •' Firsts
&
only for the entire $238,000
of
bonds having
the foregoing
specifications and none other. Said
bonds will be sold to the highest
be
Monroe
derived from
be
voters
at
Bank
Bids will
i ered
Manilla, Iowa
de¬
payable
Owensboro
building bonds amounting
to $20,000 will be resubmitted to
the
a.m.
.the
Owensboro.
|j|K
>.
interest
morial
City within
the provisions and limitations of
indebtedness
all
$500,
y
Feb. 19.
on
Clerk,
for
shall be equal to 2y2% of the face
value of the bonds. Principal and;
Bond Election—An issue of me¬
maturities
the operation of said waterworks,
and do not constitute a corporate
out
chaser.
"
_
■
interest
therefrom
Treasurer's
Evansville School City, Ind.
«...
1945.
ILLINOIS
their
to
named M ^ach
INDIANA
Bond
Election Planned—An is¬
bid
revenues
and
*
of road,
sue
the
will
Fulton), III.
Bonds
Colum¬
•
to
premium
paid,
if
any.
The
approving
opinion of Ross, McCord, Ice &
Miller, of Indianapolis, will be
furnished
the
purchaser.
Said
bonds are payable solely out of
check
Feb. 23.
on
Jan. and July 1, 1948 to 1958.
County (P. O.
bus), Georgia
held
able property in the
struction
price of 100.361
,
,
to be levied and collected on tax¬
Silvis School District, III.
a
County (P. O. Maquoketa), Iowa
ponds. /Voted — An issue of
County
hospital - construction
bonds amounting to $100,000 was
favorably voted at the election
follows: $4,000 in 1948 to
Peoria, III.
Trustees.
issue bonds at this time."
'Muscogee
bonds
the
ran,
Community High Sch. Dist.
Wheeiock & Cum¬
was
mins, for l%s, at
the constitution of the State. En¬
improve¬
system
I
capnbt give you any definite opintop. ff the Court does, not clarify
.
of
ment bonds.
Until the Court has acted
made.
ordin¬
issuance
works
sewer
and
However, I must emphasize that
it does not make any such state¬
:
the
Otter Creek
actually
levy
made, the bonds could be
-
Passed—An
for
water
30,000
correct at the time it was entered,
and
the
at
following bonds amounting
$76,000, was passed recently by
the City Council:
trial
the
calling
cost
Beh
and the
City, to be determined by
computing the total interest on all
of
on
to
It could be construed that
court's judgment
was
graph.
"
held
the
ap¬
plication to the issues in this case.'
"I have
election
and
'Our attention has been called
House
to
Feb.
favorably
Monticello, III.
the
to
attention,
Court's
Court
"
bonds amount¬
was
interest
D.
County
will receive
(CST) on
purchase of
$238,000
1 % % / school
building
revenue
refunding bonds. />• :K;;' -;,.W
Dated April 1, 1946. Denomina¬
tion $1,000. Due April 1, as fol¬
lows: $19,000 in 1947, $21,000 in
1948. $20,000 in 1949, $21,000 in
1950 and 1951, $22,000 in 1952 to
1954, $23,000 in 1955 and 1956, and
$24,000 in 1957. Subject to prior
redemption only in inverse nu¬
merical order on any interest due
date upon 30 days', published no¬
tice at the face value, plus accrued,
interest, plus a premium which
Eagle Qrove, Iowa
Bpnd Sale—The airport bonds
amounting to $25,000 and offered
for sale on March l—v. 163, p,
ton
Owens-
O.
Bond Offering—Katherine Grif¬
25, 1946.
said
ducting
House
as
relative thereto:
say
of
bonds.
statute
Supreme
issue
An
16.
issue bonds.
"This
the
at
can
county.
—
(P.
sealed bids until 11
•
Voted
County
///>;boro), Ky.
fin,
•
Bonds
of
will be submitted to the voters at
election to be Held on 'March
«•*
net
issue
an
r
lowest
Election—An
$215,000 memorial building bonds
,
the
Daviess
Cedat Rapids, Iowa
,
.
terest J-J.
atpounting toi $40,000,
Bond
well), Ky.
issue of ZV\%
bonds
amounting
to
and offered for sale on
Sold—An
refunding
Jphn Dane,
Felfx
Rives, and
M. A. Saunders & Co.,
.jointly,
For $117,000, 1%'s, and
-
$13,000," iy8s
—100.0008
.(Net, interest cost 1.227%.)
,
Walter, Woody &
Heimerdinger, and
Ernest M. Loeb Co., /
jointly, • - '
1
' * ^
'
For $104,000, iy2s, and
$26,000, iy4s
...100.012
.
(Net interest cost 1.4113%.)
Acadia Parish Road District No. 6
.
(P.
Bond
000
O.
Sale
Crowley),
La.
Details —The
$65,improvement bonds awarded
-
Feb.
13 to the Equitable Se¬
Corp.—v. 163,' p. 1080—
were sold at a
price of 100.019, a
net interest cost of
1.288%, as
follows: for $57,000 maturing Feb.
1, $3,000 in 1947 to 1961, $4,000
m 1962 to
1964, as 2%s for the
first year, and IY48 thereafter;
and $8,000 maturing $4,000 Feb.
1, 1965 and 1966 as 2*/4S for the
on
curities
first
ar(d Is
Feb.; 1, 1946.
thereafter.
Dated
Denomina¬
tion $1,000. Interest F-A.
;
*
'
Town
Secretary,
sealedbMs until I
26 for the
Aucoin,
receive
will
Inc.,
ing bonds amounting to $375,000,
not exceeding 2%, interest:
$225,000 street paving bonds. Due
April 1, as follows: $7,000 in
Stone
to
1956, $9,000 in 1957 to
19^1, $10,000 iii 1962 to 1967,
and $11,000 in 1968 to 1971.
Enclose
certified
a
.1966 to 1971.
Enclose
a cer¬
tified check for $1,000.
50,000
provement bonds.
„,
April 15,
close
Due $5,000
1956,
notes
check
certified
a
for
$1,000. 5
Dated April 1, 1946.
Denom¬
ination $1,000.
The bonds will
not be sold for less than par
interest.
accrued
The
and
approving
opinion of Charles & Trauernicht,
Louis,/will be furnished the
Iwrchaser. /
*
*
nf St;
Franklin Parish (P. O. Winns7'
'
'
/
Bond
•
000
J
"
Sale
awarded
and
Jan.
on
2
bonds
the
syn¬
by Barrow, Leary
Co., of Shreveport, at a net in¬
terest Cost of 1.316% -r-V. »164,
p. 236—were sold as 2s, l%s, and
Is.Dated Feb. 1; 1946.
These
bonds'.mature in 1947 to 1963.
"Legality approved by Charles &
Trauernicht, of St. Louis.
6
Trout-Good
Pine
Sch. Diat. No. 21 (P. O.
Jena), La.
Bonds Not Sold —An issue of
€00,
was
not
amounting to $80,4% interest,
exceeding
not sold.
,
West,
'
.
were
Bidder
to
election
authorized
held
Day Trust Co., Boston ____0.57%
Lee, Mass.
Sale—The $160,000 water
Bond
bonds offered
Feb.
on
at
the
1946. Denom. $1,000.
due
1976.
to
bonds,
Bidder
building
bonds
awarded
Nov. 20 to the Bank of Winn¬
& Trust Co., of Winnfield—
162,
2564—were
p.
price of
par,
a
net
sold
at
interest
a
1.587%,
as
follows:
$30,000
maturing $3,000 Aug. 15, 1947 to
1956 as 3s, for the first,
year and
IV4S thereafter; and $20,000 ma¬
turing $4,000 Aug. 15, 1957 to 1961
as
3 %s,
for the first year and
lYts thereafter.
,
Trust
&
,
Boston ———————101.00"
&
Co., and
Day & Co., jointly__.100.809
R. Mostly & Co.,
Coffin & Burr, and
Lee Higginson Corp.,
f jointly
100.70
First National Bank,
1
Boston
ly.
as
1.70s, at
a
price of 100.0699,
163,
basis of about 0.6908%—V.
a
p.
1080—were also bid for
lows:
as
fol¬
' '
BHder—
Rate
Price Bid
Co._
3/* %
W/o
ney &
Co., Jointly
Guaranty Trust Co., New
Wo
,
-
York,
; :
and
.
Laidlaw
City
York.
&
L.
&
Leominater, Mote,
$200,000
temporary notes offered for sale
recently was awarded to the Sec¬
ond National Band of Boston, at a
discount
are
of
due
on
Co.,
New
York,
These notes
.1946.
Other
__
.0,408%
Day Trust Co., Boston ^...0.41%
Lexington, Mass.
Bids—The
$80,000
,o
a
Feb.
18
of Boston,
nistabrook & Co.,
0.75s, at
fire
as
on
price of 100.45,
basis
a
of about 0.-35%—V. .163, p. 1080—
also received the following other
bids for 0.75s:
Bidder
Price Pd.
Second National Bank,
Boston—100.137
First National Bank,
Boston
100.074
Tyler & Co
100.07
—1
.100.033
-
Lexington Trust Co. —u...100.00
-
-—100.00
Sale—An issue Of tempo¬
notes amounting at $600,000
and offered for sale recently, was
rary
awarded
to
the
First
Bank, of Boston, at
0.39%.
Dated
These
notes
are
1946. The next
National
discount of
March
8,
1946.
a
due
on
Nov.
highest bidder
7,
was
the Second National Bank,
Boston,
at a rate of 0.40%.
Other bidders
were as
',
-
Rate
Day Trust Co., Boston ....0.404%
Security Trust Co., Lynn__0.413%
..........0.42%
:
Note Sale—An issue of
100,139
notes
Mef'on
Securities Corp.,
Pittsburgh, jointly,,.„
Wo
J
100.025
'I
,,
...
// I /
revenue
amounting to $400,000 and
offered
and
bidder.
the
was
Bank, Boston, at
Other bidders
First
Bidder
National
rate of 0.385%.
as follows:
a
were
;
Rate
n
1
Second National Bank,
Boston, and;
Boston Safe Deposit & Trust
Co., jointly %...
_.0.39%
Day Trust Co., Boston
0.393
Merchants National Bank,
price of
100.037, a net interest cost of
I.061%, as follows: for $10,000
maturing April 1, 1952, as 2s, and
$100,000 maturing $25,000 April
1, 1953 to 1956, as Is—v. 163,# p.
Detroit, jointly, at a
1207—also
received the following
0.394
County Trust Co.,
-__-___.-0.41
Note
Peabody, Mass.
Sale —The $500,000 tem¬
porary notes offered
for sale on
March 1—v. 163, p.
1207—were
awarded' to" the" National Shaw¬
mut
Bank,
of
count
Boston, at
of
0.49%.
Denom.
1946.
These notes
Dated
suit
to
are
a
dis¬
March
4,
purchaser.
due $300,000 Nov.
8, and $200,000 Nov. 29, 1946. The
only other bidder was; the First
National Bank, Boston, at a rate
of 0.52%.r
'
>// W;
/';/;// /t; Quincy, Mass.,, i;V;//,
Nptp Offering—John R. Shaugh-
First
bids until
11
(EST)
a.m.
March 11 for the
purchase of
$1,000,000 temporary notes, at a
Dated March
discount.
12,
1946.
These notes are
due $300,000 Nov. 8, $200,000 Nov.
15, $300,000 Dec. 6, and $200,000
Dec. 20, 1946.
Issued in anticipa¬
Denom. $25,000.
tion
of
the
for
revenue
year
of
at te© i Natibpai
Bank, of/ Boston,: a$d
Payable
Shawmut
will be ready for
about March
12,
delivery on or
1946, at said
bank. The notes will be authenti¬
cated
to
genuineness and valid¬
ity by the National Shawmut
Bank, of Boston, under advice of
Storey,
Thorndike,
Palmer
&
Dodge, of Boston.
as
of
Michigan
Corp.,
For
$10,000, l%s,
$25,000, lVzs, and
$75,000, Is
—100.04
(Net interest cost 1.14%.)
Alhdny^ Minn.
Voted—An' issuri of bonds
Bonds
■
amounting to $10,000 was favor¬
ably voted at the election held on
Feb. 28, for the establishment of a
./
municipal liquor store*
Anoka .County Sch.' Diat. No. .30
(P. O. Bethel), Minn,
/
Bond
Sale—The $17,000
r
build¬
ing bonds offered for sale on May
14,1945, were awarded recently to
Co. of St. Paul, at:ja
price of 100.147f a 'basis of about
2.233%. Dated June 1, 1945. De^
nom. $1,000. These bonds are due
$1,000 on Dec. 1, 1947 to 1963.
Kalman &
Goodhue
County Indep. Sch. Dist»
No. 11 (P. O; Cannon Falls),'
—
a:/' Minn.
-
■
Bond Offering—Wilbur H. Sco-
field, District Clerk, will receive
sealed
Until
bids
March
for
19
11:30
a.m.
on
the
purchase of
$125,000 building bonds, not exStranahan, Harris & Co.,
ceeding 2% interest; Dated March
I, 1946. Denomination $1,000. Due
Inc.,
March 1; as follows: $5,000 id.
For $85,000, 1J/4S, and
$25,000, Is
.....100.012 1949 to 1959, and $10,000 in 1960
(Net interest cost 1.1180%.)
!
! to 1966. All bonds maturing ort
March 1, 1960, and thereafter to
Braun, Bosworth & Co.,
'
|
be subject to prepayment at par
Inc.,
on March, X, 1959,. and on any sub¬
For $85,000, IV4S, and
«
;
sequent interest/date; riPrincip
$25,000, Is
100.001
and interest" payable at; any suite
(Net interest cost 1.181%.)
able^^/bank; br^^ trust company the
Watting, Lerchen & Co.,
bidder may designate. Rate of in¬
For $35,000, Is, and
terest to be in multiples of lA or
$75,000, lV4s —
100.015 one-tenth of 1%; The approving
(Net interest cost 1.183%.)
opinion of Dorsey, Colmah, Bar^
Crouse & Co.,
ker, Scott & Barber; of Minneapo¬
For $110,000, II/4S——>.100.452 lis, will be furnished. All. bids
must be unconditional. Enclose a
(Net interest cost 1.195%.) v
.
,
■
sealed
■
-
.
Norfolk
MINNESOTA
both
Halsey, Stuart & Co.,
For $85,000, 114s, and
$25,000, Is —
—__ 100.016
(Net interest cost 1.179%.)
.
$110,000. general obligation boridsi
65,000 special assessment bonds.
bonds awarded
1946
and McDonald-Moore & Co.,
of
.
Feb. 26 to H. V. Sattley & Co.,
bids:
.
tion
certified check for $2,500,
Hazel Park, Mich.
!
was
passed
on
,
.
Feb. 25, by the
Hennepin
at
the
general
election
on
bonds
of land
purchase bonds amounting to $!,200 was favorably voted at. the
election held
Port
Bond
ori:Feb.-J/-?;:u:^'
^-r
Huron, Mich.
Sale—The
,
Bond Election—An issue of con¬
struction,
site
and
equipment
,
bonds amounting to $1,200,000 will
be submitted the voters -at j the
Leonard, Mich.
Bonds Voted—An issue
aide Sch. Diat.
the vot¬
April 1. an issue of sewer
amounting to $416,000.
County
Edina-Morning•
(P. O. Min-i-'iSiS
neanolis), Minn.
"
City Council to submit to
ers
payabje
to the District Treasurer.
A resolu¬
Resolution Passed
garbage
election to be held
on
Mar.
\2^x,
-
Koochiching County Sch. 'Diat. '
'"f: '■Np.y (P. O?Jdbller)l MinnVf '-f
Bond Election--/Ari Issue dfepristruction bonds amounting to $19,-
dis¬
posal and sewer system revenue
bonds amounting to $1,600,000 and
offered for sale on March 5—v.
000 will be submitted to the voters
at the election to be held on
Mar.
25.
Marshall
DistMinn.
Sch.
163, p. 1080—were awarded to a
Bond Election Proposed — An
syndicate composed of the First election was
proposed recently to
of Michigan Corp., Watting, Ler¬
submit to the voters an issue of
chen
& Co.,
both of Detroit:
construction bonds amounting to
Somerville, Mass.
Stranahan, Harris & Co., Inc., of
/ *
*
* />
Note Offering—Walter" E. Col-, Toledo, McDonald, Moore & Co., $450,000.
lins, City Treasurer, will receive H. V. Sattley & Co., Crouse & Co., / Pleasant ;■ Grove: (P. O.. Stewart*?' ■
sealed bids until noon (EST) on and Bennett, Smith & Co., all of
^/////;/;. ville), Minn, /-//v.
March 6 for the purchase of $500,- Detroit, at a price of 100.035, a net
Bond Offering—W. C. Dickin¬
000 temporary notes, at a discount.
interest cost of 1.349%, as follows:
son,
Town Clerk, will receive
Dated March 6, 1946. Denomina¬
For $613,000 maturing March
1, sealed bids until Mar. 23, for the
tion $25,000. Due Nov. 8, 1946.
$39,000 in 1949, $41,000 in 1950, purchase of road and bridge bortda
Issued In anticipation of revenue $43,000 in 1951, $44,000 in 1952,
amounting, to $35,000.
for the year 1946. Payable at the $45,000 in 1953, $46,000 in 1954,
St. Louis Parh, Minn.
*
National
Shawmut
Bank,
of $47,000 in 1955, $48,000 in 1956,
Boston, and will be ready for $49,000 in 1957, $51,000 in 1958,
Bond" Sale Details—The $100,^
in 1959, $53,000 in 1960, 000
delivery on or about March 6,; $52,000
water department, reservoir
1946, at said bank.. The notes." will; $55^000 in 1961, as l%s, and $987,- revenue bonds awarded* recently
be authenticated as to genuine¬ 000 maturing March 1, $56,000 in to- a
syndicate headed by Kalman
ness and validity by the National
1962. $58,000 ip 1963, $59,000 in & Co., of St Paul—v. 163, p. 1080
Shawmut Bank of Boston/ under 1964, $60,000 in 1965, $62,000 in —were sold as 2s, at a price of
advice of Storey, Thorndike, Pal¬ 1966, $63,000 in 1967, $64,000 in par.
These bonds will mature
mer & Dodge, of Boston.
1968, $66,000 in 1969, $67,000„ in $10,000 Jan. 15, 1952 to 1961. Dated
1970, $68,000 in 1971, $69,000 in Feb. 6.1946, Denoin. $1,000. Inter¬
Worcester, Mass.
1972, $71,000 in 1973, $73,000 in est J-J.
Note
Sale—The $500,000 rev-= 1974, $75,000 in 1975, and $76,000
MISSISSIPPI
enue
notes offered for sale ori5 in 1976, as l&s. /
;;
/
March 7 were awardedr tb' trie
Dated March 1, 1946. Denoms.
Newton, Miss.
: *
-
for
sale
on
March
5—v.
163, p. 1207—was awarded to the
Merchants National Bank, of Bost
s,
.J
.
Guaranty Trust Co., of Nev^York*j $1,000 and $1,600. The next high-j
and
follows:
Bidder
Melrose, Mass.
Wo
March 5—
on
on
re¬
Bond Election: —The following
sanitary* sewer// system- bonds
amounting to $175,000 will be sub~
mitted to the voters at the election
to be held on Mar.- 20: >
.
W. E. Huttori & Co;
100.14
Trust
Bids—The $110,000
163, p. 1207—was awarded to
Bidder
Price Bid
the Guaranty Trust Co., of New
York, at a discount of 0.38%, plus Paine, Webber, Jackson &
;/ Curtis, ///;//swn'
a premium of $15.00. Dated March
5, 1946,- Denoms. $50,000;- $25,000 / For $60,000, l%s, and
and $10,000. These notes are due
$50,000, Is
—.100.01
on Nov. 8f 1946. The hexf highest
(Net interest cost 1.062%.)
v.
1946.
Kate
Boston
New
Charles
Co... jointlv„_
&
0.39%.
Nov. 7,
First National Bank,
v
Boston ——^——^—.0.397 %
Merchants National Bank,
Rothschild-*
Bank
and offered for sale
on
Co., " and
Clark
Chemical
•
P.
issue of tempo¬
rarynotes amountingto $450,000
nessyj City Treasurer, will receive
Co.,
100.43
Boston
Wo
Bank,
&
Merchants National Bank,
&
Co., jointly,...
National
100.259
Mass.
Sale—An
Note
t
jointly
100.261
&
Co^ arid
Robert" Hawkins
100.394
Fir~t National Bank, Chic.
Bankers
Trust
Co., New
York, and Smith, Bar-
Shields
100,55
Weeden &
Note
Boston, joint¬
' :
County (P. O. Dedhdm),
W'
Tyler & Co., and O
Harriman Ripley & Co., Inc.,
t
jointly s -.-—-—;
101.333
National Shawmut Bank,
Maine (State of)
bonds awarded Feb. 19 to the Har¬
ris Trust & Savings
Bank; and
L. Day & Co.; of
..0.41
Day Trust Co., Boston... ..0.41
Norfolk'
Other
;
funding of
..0.395%
First National Bank,
Boston
101.399
Lynn, Mass.
$600,000 Wal¬
Bridge vt retunding
State Street Trust Co.,
Boston
Co., St. Louis,
jointly
Other Bids—The
do-Hancock
Rate
Dedham
Robert Hawkins & Co.
MAINE
Ferndale School District, Mich.
Mercantile-Commerce Bank
cost
of
•.
Bid
MICHIGAN
follows:
were as
-42%
H. L. Robbins 8c Co..
National
Second
the
was
Bidder
Co., and
station notes awarded
Sale Details—The $50,000
bidder
Boston
Price
-
r
&
1Y4%
follows:
as
*
Laidlaw
These bonds
1, from 1947
•
bidders for
Other
were
Other
field
v.
March
on
26.
Winnfield), La.
on
March
on
163, p. 1207—were awarded
to Halsey, Stuart & Co., as l^s,
at a price of 101.629, a basis of
about 1.118%.
Dated March 1,
.
Bond
for sale
Oct.
Sylvan:Luke (P. O. Pontine), • j
'Michigan)
'zpfr:
Boston
Bank, Boston, at a rate of, 0.39%,
1—v.
Winn Pariah Sch. Diat. (P.O.
school
Hate
,
Bidder
on
$700,000,
"
-
bidders were as follows:
April 11 for the purchase
improvement bonds amounting
of
••
B. M. C. Durfee Trust Co.,
Fall HiVer^-L--«--.:-^0.55%
due $100,000
are
at
follows:
as
Bankers Trust Co., New?■
York (Plus $11.00) -—.40%J
Dated
0.493%.
6, 1946.
Denom, to suit
purchaser.
These notes are due
on Nov.
8, 1946.
Other bidders
Monroe, La.
Bond Offering—The City Clerk
will receive sealed bids until 11
a.m.
to
Note Sale—An issue of
Pariah
school bonds
March 4~-y,
for sale on
of
These bonds
25, $200,000 Nov. 8 and $100,000
Dec. 17, 1946. The-next hignest
100.099
March
$350,-
jail
to
dicate headed
Ca Salle
VaW
Jointly—
p.
1207—Were awarded
Leavitt & Co., of New York,
discount
National Shawmut Bank,
Other bidders
ft. L.
Details—The
house
court
;\|v
amounting to $1,000,000 and
Estbrook
bora), La.
o
Se-
163,
En¬
1947 to
Co.,
and
Fall Riper, Mast.
Sale— The
temporary
/. Note
are
public im-
excess revenue
100.032
MASSACHUSETTS
check for
$2,250.
100,000 street drainage bonds.
Due - April 1, as follows: $3,000 in 1947 to 1952, $4,000 in
1953 to 1965, and $5,000 in
0.80%
Webster
tc
curities Corp.,
-
.,,1947 to 1950, $8,000 in 1951
W
Boston
First
and
Corp., jointly
Kidder,
Peabody Sc
Estabrook
& Co.,
a
purchase of the follow¬
100.107
Jointly—-—--- 0.80%
Ripley & Co.,
falo,
Harritnan
offered
Franklin, La.
Offering —C.
*
ton, at a discount of 0.363%. Dated
March 6,- 1946.
Denom. $25,000.
Halsey,
Stuart
&
Co.,
:
Blair & Co., Inc., and
Marine Trust Co., Buf-
year,
Bond
.
Monday, March 11, 194(3
THE COMMERCIAL & FINANCIAL CHRONICLE
1336
.
v-
'■
,vV-i'
it,.
iKi
the
First
National
Boston/ jointly, at
0.369%.
Dated
B^nkj of
discount of
a
March
8, 1946.
Denoms. $50,000, $25,000 and $10,000.
These bonds are due
on
est bidder was:;;
Braun, Bosworth &
Co., Inc,
-
'
Nov.
MISSOURI
Miller, Kenower & Co.,
Eldredge & Co.,
Nordman & Verrall, and /1.
Bidder
Ratej Channer Securities Corp.,*
Day Trust Co., B6sfon__._._.387%!
Chicago, jointly, / >
r
4.
1946.
Other bidders
follows:
::,
t
;1
.
'
;1
were- as
; - ;
•
_
_
.....t
Merchants National
Bos ton;;,. -
_rr
•i-"
Cameron. School District,
-
Second National Bank, ?
/:-. Boston
bonds amount¬
ing to $150,000 was i approved re¬
cently by the City.
r /
Paine, Webber, Jackson
& Curtis,
Bond Issue Approved*—An issue
of industrial plant
For
$353,000, 2s,
Bond
irig bonds amounting to $50,000
>
$260,000, l%s, arid
\
Bank,;,; ^*:/,: ./• $987,000,1 y*s.;
.338 % (Net interest cost J,3697^/):// :•
-
-
.387 %
Mo.
Sale—Ari issue of build-
and
was
offered
for
sale
awarded /to
on
the
Zahner Co.. of Kansas.
at
par/plus
a
■/■>///':.
Feb.
25
Sodert-
City*/as Is
premium'of $305#
Volume i 63
THE COMMERCIAL & FINANCIAL CHRONICLE
Number-4471
•
cqualCt^; :100j63i/:;-Pated Mardi?T4
3.946^ r; These bonds-are : due -on
March 1, 1947 to 1953. .Other-bid¬
ders Were as follows:
^ '
-
Custer
'>
Bond
Piersoi
.Co.
$302.50
i
Jomtly
Lucas, Farrell & Co—Xc/o
Commerce Trust Co,,
Kansas City
,_i—Jy 1%
: v;-253.00
82.00
■•»
28.00
Stem
Bros
fc
Co.^~—
<
Stft
«. <• y*—«
Mont.
,/
v
Sale—An issue? of court
V.
.
of "private
utility
expressed opposition
before the Senate Municipal Cor-
companies
^orations Committee hearing re¬
cently on the proposed bill to au¬
thorize all cities to issue, revenue
(P. O. Saco), Mont.
Bond Sale—The building
bonds
amounting to $57,800 and offered
for
sale
Nov.
14, 1945, were
awarded
recently to the First
State Bank of Malta, as 2%s, at a
price of par. Interest J-D. These
bonds are due on Dec. 15, as fol¬
lows: $6,400 in 1946 and 1947, and
$2,500 in 1948 to 1965. All of said
on
or acquire water,
electric light plants, heating
or
power
plants ; arid airports.
Among those who spoke against bonds
maturing after Dec. 15,1955,
the measure, according to report,
being subject to redemption on
Was A. Z. Patterson, Kansas City
said date and any interest pay¬
attorney, "who expressed the view ment
date thereafter.
that "cities should not be deluded
into thinking they can make a lot
Shelby, - Mont.
Bond Election Postponed—Bruce
of
monOy
through * municipal
bonds to build
gas,
-
ownership of utilities."
Mr. Pat¬
terson is reported to have pointed
to several "fatal defects" in the
permit
would
proposal, * which
bonds for
cities to issue revenue
desired after the prop¬
approved by
four-sevenths
of the
qualified
the project
had >been
osition
provision for a maxi¬
mum interest rate on the bonds
and failure of inclusion of a ma¬
turity date for the bonds issued
were cited as prime objections to
Lack of
w
-
.
Patterson look :the position
that proper safeguards for assur-r
ing payment of the bonds were
not included.
He said there was
<
provision
sinking ' fund
"
an¬
the election sched¬
nounced that
uled for March 2 to submit to the
issue of
voters
an
storm
sewer
sewer
main and
bonds
amounting to
postponed.
These
bonds will be placed on the ballot
some time in April.
$127,000,
was
NEBRASKA
to
guarantee redemption of the bonds
and that the measure also failed
to provide for issuance of serial
Anselmo
School
District, Neb.
Bonds Voted—An issue of con¬
struction and
improvement bonds
amounting to $40,000 was favor¬
ably voted at the election held on
Feb. 18. Dated Mar. 1, 1946. These
bonds
are
due in not
years.
than 30
more
#
Hershey, Neb.
Bond
follows:
W,1'
Election
—
An
:
%
<
r
.'
system
construction
bonds
amounting to $120,000 will be sub¬
;
issue
of
,
■yy..,y Raton, New Mexico
Election
An
—
\
issue
of
water system improvement
National Bank of
mitted
,.L..IG0>02
For 1.20%
Santa
*
Newark
—_100.141
——,
Burdge,; Borough Clerk, will
until
8
tion
Arthur H.
Submitted
Date
—
Ferris, Secretary of the
reconstruc¬
one-tenth of 1%, and must
the
be
for
same
all
the
sealed bids until 7:30 p.m.
bonds.
Mar. 14, at
coupon or registered
bonds amounting to
which
specifies a rate
higher than the lowest rate stated
in any legally acceptable proposal.
Each; proposal
must state
the
fire truck
not
$1,200,
exceeding 5% interest.
Dated April 1, 1946. Denomina¬
tion
amount bid for the
bonds, which
$90,000 nor
than $91,000.
As between
$240.
1951.
shall be not less than
Due
multiple of Vi or
must be the same for all of
and
legally • acceptable
proposals
specifying the same rate of inter¬
est, the bonds will be sold to the
$240 in 1947; to
to be in
one-tenth of 1%,
interest
of
Rate
Local Finance
Law and the Town
thereof.
Law and Acts amendatory
bidder complying with the terms
of sale and offering to accept for
The
proceeds realized
from further sales of the bonds
sewage system and" plant ahd city
garage and storage 'yard -bonds
utility rates after some of
ries were retired.
■*
lower
the se¬
constitutionality
by Mr. Patterson,
The question of
brought
was
who said
that the measure went
contrary
to the code in permit¬
to be made from
during the period of
construction,
improvement of a
utility and for six months after¬
ward.
He said the constitution
required such interest be paid
amounting to $135,000. ft*
extension and
only from revenues derived from
actual
-
operation of the utility.
provision for a con¬
the
bond issue was voted was given
The lack of
test of the election at which
by the lawyer as violation
*,
Fizzell, of Kansas
City, attorney for the Missouri
Municipal League, appeared in
support of the bill and said there
was no demand for election con¬
test provisions.
He said the con¬
tests would be used "just for pur¬
pose
of delay by adding another
of litigation." c
source
-
;Mr.
Fizzell
measure
that
asserted
the
carried out a provision
of the new constitution
prescrib¬
ing the method of issuing revenue
bonds
to
municipally-
1 obtain
owned utilities.
but" accepted
no-action,
Embodying Mr; ;Pattersoifs
arguments.
awarded to the
Wachob-Bender Corp., of Omaha,
was
2s. All of said bonds shall be
optional
10
years
from
date of
Monett, Mo.
York, Neb.
Bonds Voted—An issue of air¬
port bonds amounting to $28,000,
not exceeding 3% interest was fa¬
vorably voted at the election held
on Feb. 26. These bonds are due in
20 years,
optional in 5 years.
sewage
disposal system-
$20,000 highway bonds. Denom.
$1,000.
Due $5,000 July 15,
1947 to
to
'y
will
be
opinion
the
,furnished
ally
Borough. Enclose a certified check
for
$1,800, r payable
to
the
;
a'U
Rochester,
<
These bonds are due
follows: $1,000 in
1947 to 1972, and $1,500 in
$500.
Jan. 15, as
1973 to 1975.
Issued pursuant
the Lo¬
to the Town Law and
cal
Finance
struct
4
•••
Bank,
of which is five years.
30,500 Hartsdale Sewer District
bonds.
Denoms.
$1,000 and
ticipation
notes
amounting ' to
$175,000 and offered for sale on
March 5—v. 163, p. 1208-rwas
UJ
y.y j
•' -;\ y.1' y *
' r.f.'
awarded to B. L. Day & Co., of
Boston, at a discount oil0.46%. 'VHlW MEXICO
Dated March 7,1946.; These notes
Albuquerque, N, Mex.
are due on Dec. -23, 1936.
TOe
Bond Election—The following
next highest bidder was First
price of 0.509%.
public Town Highway,
period of probable useful¬
ness
calling for an issue of improve¬
ment
and
equipment purchase
bonds amounting to $92,000 was
favorably voted on Feb, 25, by the
Borotigh Council.
-
statuory
nue, a
the
Bonds Approved—-An ordihance
Note Sale—An issue of tax an¬
General
authority
for the issuance of such bonds,
to reconstruct Hartsdale Ave¬
the
tutes
bonds are valid and leg¬
binding obligations of ; jth$
Spring Lake, N. /.
Law,
34 of the Laws of 1936
that the
7
O. Dover),
New Hampshire
5
Town
amended, which said Chapter
consti¬
of
bidder
the
1950. Issued pursuant
Municipal Law, and Chapter
34 of the Laws of 1946, as
Hawkins,
Delafield & Wood',of New York,
Stafford County (P.
pay¬
107 of the Local
Section
In
Finance
the event that
prior to
delivery, of the bonds the in¬
received by private holders
same
type and
terms of any Federal income law,
the * successful
bidder
may,
at
his
election,
relieved
be
proving -opinion of Vandewater,
Sykes & Heckler, of New York
City, will be furnished the pur¬
chaser.
for
Enclose
certified
a
check
$1,010, payable to the Town.
Larchmont, N. Y.
,
Note
Sale
,
An issue
—
of
amounting to $100,000 and
offered for
sale
recently, was
awarded to the County Trust Co.,
of White Plains,
at a rate of
0.35%, plus a premium of $1.11.
Dated March 8, 1946. These notes
are due on July 8, 1946. The next
highest bidder was Bank of West¬
chester, Larchmont, at a rate of
0.39%.
;
v
.
.
,
1
NORTH CAROLINA
Cabarrus County (P. O. Concord),
North
Bond
Carolina
Election
i
Planned
Ah
—
issue of bonds amounting to $775,000 will be submitted to the vot¬
ers
at
near
election to be held in the
an
future, for the purpose of a
school
improvement program.
;
-
Hickory, N. C.
v
$700,000 water
improvement bonds
Feb. 26 to a syndicate
Other Bids—The
and
public
awarded
on
'
a>
Law,
sewer-
to recon¬
system in
Hartsdale Sewer District, the
period of probable usefulness
of which is 30 years,
and the
for ;the
$52,000 as 5s, $376,000 as VAs, and
$272,000
as
Is—v. 163, p. 1209—
bids:
also received the following
?
Price Bid
Bidder
B. J. Van Ingen &
Co.,
J. G. White & Co., and
Kirchofer & Arnold,
jointly,
-For
$700,OOOvl^S——100.25^
(Net interest cost 1.235%.)
First Securities
Corp.,
Durham,
;
;
yyy
■
Commerce Union Bank,
Nashville,
Campbell; Phelps & Co.,
Branch Banking
" f
Wilson, and
-yi'r
McDonald-Moore & Co;,
jointly,
For $65,000, 5s,
$363,000, Is, and
$272,000, iy4's
(Net interest cost 1.24%.)
,
"
.
R. S. Dickson &
*.;
H y:
& Trust Co.,
100.00
Co.,.
First of Michigan Corp.,
John Nuveen & Co.,
Wachovia Bank & Trust
.
y y. yyyy y
Vance Securities Corp.,
:
power to accomplish such ob¬
Greensboro, and
;r
•:
ject or .purpose being 'the
bori(^'Amounting to $717,000 Will
C. S. Ashmun Co., jointly, ;•
'be submitted to the; voters at the
Town Law.
For $65,000, 4s,
^
;
election to be held on April 2:
Dated Jan. 15, 1946. .Hate of in¬
statement
authority
Co., Asheviiie,
.
,
$299,000, Is, and
t
$336,000, iy4S
—100.00
1%, and must be the same for all
(Net interest cost 1.2449%.)
of the bonds.
Principal and in¬
70,000 sanitary sewer bonds.
terest payable at the Washington Equitable Securities Corp.,
50,000 public library bonds.
Irving Trust Co., Tarrytown, or Braun, Bosworth & Co., Inc.,
20,000 fire equipment bonds.
andyyy■'■■■$..r -;
at the Guaranty Trust Co., New
10,000 park development bonds.
York City.
Bonds will be valid Stranahan, Harris & Co.,
Inc., jointly,and legally -binding general obli¬
Gallup, N, Mex,
For $65,000, 2s 6nd >
Bond Election — An issue of gations of the Town, all the tax¬
$635,000, iy4s
100.04
able real property within which
sewer
and^fjstreet ^improvement
(Net interest cost 1.26%.)
will be subject to the levy of ad
bonds amounting to $485,000 will
valorem taxes to pay said bonds Estabrook & Co.,
be submitted t(> 'the voters at an and interest thereon, without limi¬ Trust Co. of Georgia,
tation as to rate -or amount, ex¬ \y Atlanta, and
election to be held on April 2..
,
$500,000 civic auditorium bonds,
bonds
amounting to $143,000 and offered
on Mar. 1—v. 163, p. 952—
awarded to Campbell & Co.,
were
Mar;, 1, 1946. Denom,
The next highest bidder
Dated
tax
notes
,
*
NEW JERSEY
Ocean City, N. J.
Bond Sale-r-The following
$1,000.
his
of
-
^
The following
bonds.
with
NEW HAMPSHIRE
•
50,000
Federal income tax
Borough.
bonds amounting to $114,000 were
;
registered bonds amounting to
$50,500, not exceeding 5% interest:
ligations under the contract to
purchase: the, bonds and inr such
case
the deposit accompanying
cesful
of Newark, as Is, ; at a price of
100.179, a basis of about 0.953%:
favorably voted at the election $78,000 jetty of 1'946'bonds: Due
Mar. 1, from 1947 to 1953.
held on Feb. 27:
;
65,000 improvement of 1946. Due
$64,000
golf course
purchase
Mar. 1, from 1947 to 1953.
'• bonds.
—.
type and char¬
by the
taxable
his bid will be returned; The suc¬
issue.
for sale
Bonds Voted
be
Oct.
by the Mis¬
souri Association. of Public Utili-
same
law, the succesful bidder may, at
his election, be relieved of his ob¬
consideration
for
amendments offered
shall
acter
terms of any
amounting to $20,000, au¬
thorized at the election held on
National
#
The committee took-
airport
bonds
as
down
no
required by Section 6
Municipal Law, as
amended.
Said sewer improve¬
ments
are
exempted from
the
down
payment requirements of
was
payment of the purchase price. Duell, Town Supervisor, will re¬ headed by Fox, Reusch & Co,', of
In the event that prior to the de¬
ceive sealed bids until 10 a.m. Cincinnati, at a price of 100.0002,
livery of the; bonds the income (EST) on March 19 for the pur¬
a net interest cost of 1.1,792%/ for
received by private holders from
bonds of the
Bonds Sold—An issue of
provision
B,
Robert
Wilber, Neb.
9, 1945,
ment
chase of the following coupon or
'
of a
which
says, he stated, that such contests
shall be conducted as provided by
law and that there is no such law.
constitutional
*>"■
for which
agency
period of probable usefulness
ting interest payments on bonds
bonds which would permit
Said
of the General
pursuant to the
the bonds. Issued
bonds
amounting
to the amount bid the least amount is 5 years. Principal and interest
payable at the First National Bank
$15,000 will be submitted to the' of
bonds, the bonds to be accepted
of Herkimer. The approving opin¬
voters at the election to bC held
being those first maturing, and if
ion of Moore & Moore, of Her¬
on April 2.
two or more bidders offer to ac¬
kimer, will be furnished. Enclose
cept the same least amount, then
Sparks, Neb. /
.
a certified check for $200, payable
to the
bidder offering to pay
Plans Bond Election—On March
to the Fire District.
therefor the highest prieb.
The I7.'-.,"..';'
11 the City Council will meet to
purchaser
must
also
pay an
Greenburgh (P. O. Tarrytown),
pass a resolution calling for an
amount equal to the interest on
New York
election sometime around May 1,
the bonds accrued to the date of
to submit to the voters an issue of
Bond
Offering — William C,
funding
district.
sewer
improvement
was
an
emergency .improvement
necessitated
by ' a
destructive
(EST)
the offices of Moore
& Moore, 152 North Main Street,
Herkimer, for the purchase of
on
Principal and interest payable at
the First National Bank, Toms
River. No proposal will be con¬
more
Avenue
secretary of the Board: of
Commissioners, will receive
rnan,
Fire
multiple of
a
a
Hartsdale
has obligations under the contract to
announced that a probable date purchase the bonds and in such
of issuance for the $150,000: fire case
the
deposit accompanying
house bonds is July 1, of this his bid will be returned.
The ap¬
,
be in
in
Law
Board of Fire Commissioners,
coupon
or
Town
character shall be taxable by the
or registered bonds
year.
- /
* to C $90,000 not " ex¬
East Herkimer Fire District (P. O,
ceeding 6% interest. Dated April
R. D. No. 1, Herkimer), N. Y.
1, 1946. Denomination $1,000. Due
Bond Offering—Le Roy Crist$9,000 April 1, 1947 to 1956. Rate
1A
the
come
amounting
of interest to
of
tenance in
Law.
Fire Dist. (P. O.
Tuckahoe), N, Y.
March 15 for the pur¬
boardwalk
amounting
^ Eastchester
p.m.
on
of
March
the issuance
provided
manner
from bonds of the
re¬
(EST)
the
202-a
for assessment of the cost of main¬
the
H.
chase
NyMex.
on
$40,000.
Probable
William
on
,
NEW YORK
Seaside Park, N. J.
—
Fe Sch-
The Board
—
bonds
construction
of
to
For V,i % Bonds
E. H.. Rollins & Sons.
.100.06
sealed;-bids
2,£$?yr^
Santa
County,
12 to take action
Boland, Saffin & Co
100.096
Campbell, Phelps & Co.-..100.07
ceive
Fe
the elec¬
at
Apr.
on
Plans Bond Issue
Ingen & Co..wuil00,13
Offering
voters
of Education' will meet
W. H. Newbold's Son & Co.100.129
Bond
the
•Dist* (PJ O. Santa Fe),
;w-^#«wJ-^»w--lb0i20
National State Bank,
B. J. Van
to
tion to be held
Bonds
Fidelity Union Trust Co.,'
Newark
-
<
t
in
Section
Mackeyi Dunn & Co:v.i-t£l0(f.239
*
bonds
first instance
trict
April 2.
on
bonds
amounting to $500,000 will be sub¬
Ocean City w,
the
from assessments upon benefitted
land in the Hartsdale Sewer Dis¬
Bond
~
$30,500
District
to be held
Stroud & Co. "
For 1.10% Bonds
payable in
are
said
that
Sewer
mitted to the voters at the election
J. B. Hanauer & Co..::.... 100.135
-
however,
Hartsdale
sew¬
er
f " ' For 1% Bonds
.
Julius A, Rippel, Inc.;-^*100.167
-
cept,
-
Bond Election—An issue of
Price Bid
r
Hobbs, N. Mex.
•
sidered
a
the measure.
no
McNamer, City Clerk, has
election.
voters at an
'"
R.
as
Bidder
163,: p. 952-^-was awarded to
the First National Bank, of Miles
City, as VAs, at a price of 100.933.
Dated April 1,1946. -.Interest A-O.
The next highest bidder was the
Northwestern National Bank, Min¬
resentatives
were
-
-
neapolis, for l^s, at a price of
Missouri (State of) >
: ,.v\
100.90*
Municipal Revenue Bond Proj¬
Phillips County Sch. Dist. No. 12
ects- Legislation Opposed —? Rep¬
C l'
Cf
Rippel, Inc., for Is,
price of 100.167. Other bid¬
a
ders
and. offered'for sale on March 4
■>-'
*
jtacal Bank*
at
house bonds amounting to $300,000
Baum, Bernheimer Co., 'and
E.
-
Bond
Rate -Premium
J.
-•'
Julius A.
was
vMOMTAi^
County (P. O, Miles City),
1337
terest to be in multiples of xk of
,
,
„
67,000 storm sewer bonds.
.
,
THE COMMERCIAL & FINANCIAL CHRONICLE
1338'
jointly,
Roth &
r
$70,000,3s, and
'Y
'
$630,000, l%s
—-.100.107
(Net interest cost 1.286%.)
For
_
price of 100.61.
,
Halsey, Stuart; & Co., and v
Phelps, Fenn & Co., jointly,
; For $39,000, 6s,
$101,000, l3/4s, and
$560,000, iy4s
—100.108
(Net interest cost 1.338%.)
Townehip. Local Sch*
Dist. (P. O. R. R* No. J>
Hamilton), Ohio «
Fairfield ■:
Northwestern Bank, North
for sale
offered
at the First National Bank of Nor¬
on
wood.
ton, as l%s, at a price of 101.649,
basis of about 1.09%. Dated Feb.
M $320,000, l%s, and
$240,000, l%s (Net interest cost 1.587%.)
Bond
Offering—Fred
District
cer,
P.
(State of)
Strong Bidding for New Issues
Spen¬
—J. A. White &
receive
wiil
Clerk,
-
sealed bids until 8 p.m. on
different
a
Election
Bond
—
are
the
bonds authorized
check
Ohio
for
$1,250,
sta¬
amounting to $1,250,C00 will be submitted to the vot¬
ers at the electibh to be held on
Bond Election—An issue of
These
offered
which
Feb.
25,
originally
the sale of
Sale
Bond
ScheduledNtn re¬
water mort*
bonds recently au¬
gards to the $450,000
gage revenue
thorized in an
ordinance passed
by the ,City Cduncil^-v;; 163, p.,
1209, C. E. Duncan, City Auditor,
has announced that the probable
da.e of sale is April 15.
Dated
May 1, 1946. Denom. $1,000. These
1, as follows:
bends are due Dec.
$25,000 in 1951 to 1956, and $30,000
as
.
■
Beliefontaine,Y
: '
Election —* An issue. of-,
1%
1%
'
hospital bonds will be
$296,000
submitted
to
the
at
voters
.
.
,
Offering—F.
$110,000 hospital bonds. Due $5,500 Sept. 1, 1947 to 1966, De¬
nom. $5,500.
65,000 hospital bonds. Due $3,250
Sept. 1, 1947 to 1966. Denom.
$3,250.
Dated Mar, 1,1946. Bidders may
a different rate of interest
Dated
to
certified
a
check
for 1% of the bonds bid for, pay¬
able
to
the
above
Secretary-*
'
Treasurer.
East Liverpodl,
Ohio
Bond Election—An issue of fire
at the
held
on
primary election to be
May 7.
all
or
none.
authorized
These
at
the
$66,000 public
improvement special ■■ assessment
bonds amounting to $66,000 and
offered for sale
Mar. 1—v.
163,
p. 1209—were awarded to Ryan,
Sutherland & Co., of Toledo, as
iy4s, at a price of 100.313, a basis
of
about
on
1.20%.
1946. These bonds
Dated
are
due
Mar.
on
1,
Dec.
1, as follows: $6,000 in 1947 to
1950, and $7,000 in 1951 to 1956.
on
March
1960. These
the bonds
are
au¬
a
Pitt
Harpster),
Township
Bond
truck
Sale
bonds
March
(P.
certified
of
The
—
to
163,
the
fire
$5,500
for
sale
on
Harpster
These bonds
from
1947
are
to
highest bidder
&
due
The
1951.
was
Sept. 1,
on
J.
A.
next
White
District,
construction
of
and
equipment
amounting to $35,000, not
exceeding 5% interest was sub¬
bonds
mitted
the voters at the elec¬
to
tion held" 6h Mar. 5.
due in
are
These bonds
$125,000 park
playground bonds offered for
on March 4—v. 163, p. 955—
and
$638,000,
terest,
will
voters
at
transportation equipment bonds
amounting to $7,500 was approved
recently by the Attorney-General.
Vermilion, Ohio
Nov.
submitted
the election to
Beaverton), Ore.
the
to
be held
Bonds
Voted—An issue
Ordinance Passed
held
$280,000
the election held
on
sanitary
275,000
PENNSYLVANIA
disposal
sewage
bonds.
burgh), Pa.
Bids
Other
10,000 park purchase and equip¬
ment
Township School District
(P. O. R. D. No. 6, Pitts-
plant
15,500 fire apparatus and equip¬
ment purchase bonds.
7,500 traffic signal purchase and
These
Jefferson
system
sewer
and
bonds.
bonds
due
are
in
25
school
to
27
The
—
the following bids:
been
.
An
—
in
November,
submitted
were
the election held
electric
1045.
t,
Bixby, Okla.
November, 1945*
Claremore, Okla.
Bonds Voted
Bond Offering—G. fi. Lyle, City
Auditor, will receive sealed bids
voters
•
distribution sys¬
system
sewer
due in 25 years.
McCurtain County
Sch. Dist. No. 4
(P. O. Idabel), Okla.
Bonds Approved — The Attor¬
ney-General recently approved an
issue of refunding bonds amount¬
Muskogee, Okla.
following
bonds
amounting
to
$2,300,000
were defeated at the election held
Feb. 26:
$1,800,000 water works bonds.
500,000 storm and sanitary sewer
»-*-
'
'
:
—
The following
bonds amounting to $115,000 will
be submitted to the voters at the
election to be held on March 15:
$100,000 hospital bonds.
/
15,000 airpoH site bonds.
until noon
,5
!
County (P• 0.
Shawnee), Okla.
Voted—An issue of high¬
bonds amounting to $800,000,
exceeding 3 % interest was
not
voted
favorably
at the election
These bonds
were
defeated at the preceding
election in Nov., 1945, lacking the
held
on
Feb.
necessary -
26.
'
.
1V* 7o
100.913
101.003_
1 Va %
•
On
—
of public improve¬
$78,200,000
and
paved the way for a vote on theproposals at the May 21 primary
election. The legislation embodies
four loan bills, the proceeds of
the
program
ments
costing
will
which
used
be
than
score
a
to
of
finance
projects
from completion of the
disposal system to escala¬
City Hall annex,
■
' >
ranging
sewage
tors in
The sewer loan bill authorizing
the
expenditure of $34,000,000 for
is the largest-
construction
sewer
single item, although this sum willnot be a lien against the City's
borrowing
capacity, the
courts
having held that the investment in
sewer
construction is self-liqui¬
dating.
A $10,000,000 appropriation was
approved for expansion of the
City's two airports. This is in ad¬
dition to
a $5,000,000 couhcilmanic
previously proved, most of
which will be used to purchase:
loan
land for
airport purposes.
Another $25,000,000 loan will be
used
to
finance
new - hospital
buildings
new
and
house of
health- centers,
provements, flood control,
of
the
a
detention, port im¬
remov-.
Pennsylvania Railroad
"Chinese
Wall"
along
Filbert
Street, extension of Market Street
subway underground, and instal¬
lation
of
express
service
North Broad Street
The
fourth
creation of
bill
in
the
subway.;;
authorizes
the
loan of $9,200,000 for
a
of City Hall elevator
service,, police signal/ fire' alarm
=...
$248,000 Water ] lipeS ahd ifilte^
plant bonds.
Co.--
28, the City Council approved
faVobabie ,majority r td improvement
The .following
.
Feb.
Pottawatomie
.
&
Election Approval
Bond
al
bonds amounting to $362,000 were
Seqhoyhh Vetitity Uniah fcrjaded
favorably voted at the election ';MSc
held on Feb*
v.■ YY;
Y/Y- *' tisdtA)iiOhluWy'W*v.
•
Powell
E.
more
Okeene, Okla.
Bond Election
way
...
Held—Ah 'issue
system bonds amounting
to $4,500, not
exceeding 3%% in¬
terest was submitted to the vot¬
ers at the election held on Mar. 5.
Norwood, Ohio"
at
Mar. 5:
are
101.361
-
Applegate, jointly
G.
Elmer
more
These bonds
1%%
and
Geo.
fol¬
50,000 park improvement bonds.
10,000 fire equipment bonds.
Bonds
Bond Election
at the general election held
the
on
sanitary
15,000
ordi¬
of water
future. These bonds failed to
to
$164,000 water system bonds.
34,000
& Sons,
Rollins
H.
jointly
Leonard & Lynch,
Phillips, Schmertz & Co.,
Moore,
Philadelphia, Pa.
Held—The
lowing bonds amounting to $273,000, not exceeding 3% interest
>
-
E.
Frederick, Okla.
Election
Bond
Bid
Rate •
and
follow¬
amounting to $84,000
approved by the At¬
torney-General:
$60,000 sanitary sewers bonds.
24,000 storm sewers bonds.
have
bonds.
OKLAHOMA
,
Feb.
on
Steele & Co., and
S. K. Cunningham & Co,, both of
Pittsburgh, jointly, as Was, at a
price of 101.516, a basis of about
1.07%—v. 163, p. 1210—received
Fauset,
Singer, Deane & Scribner,
bonds
ing
,
$197,500
$120,000;
awarded
bonds
Price
Edmond, Okla.
Bonds Approved—The
on
to
at
Feb. 23.
March 12:
municipal water system
improvement bonds.
May 1, 1946. Denom. $1,000.
Bond Election Planned—An is*
sue of
building, site and equip¬
will be re-submitted to the voters
at an election to be held in the
of im¬
bonds amounting
was favorably voted
provement
$330,000
nance
Dated
Na¬
as
Washington County Union High
Sch. Dist. No. 10 (P. O.
following
amounting to
exceeding 4% in¬
be
Portland,
1966.
to
The
—
First
the
to
Was,'
at a price of 101.125, a basis of
about 0.993%. Dated April 1, 1946.
Denomination $1,000. These bonds
are
due on April
1, from 1947
bonds
not
awarded
tional Bank, of
Durant, Okla.
semi-annual
Ore.
Sale—The
Bond
20 years.
Election
Bond
of-
OREGON
Salem,
were
issue
Bonds Defeated—The
Okla.
of
the
(EST) on March 11 for
the
purchase of 4% series No. 1,
issue of
1946, water works bonds
Held—An
ing to $3,054,
Co.
tion
in
Election
issue
water improvements, $50,000 for
airport maintenance, $50,000 for
bridges and drainage, and $100,-.
000 for sanitary sewers.
Bank,
Harpster.
Dated March 1, 1946.
Denomination $1,000, one for $500.
NelsonHlle City School District,
carry
Duncan School District, Okla.
Bond
1083—were
p.
calling for the issuance of
the $34,000 filtration
plant and
will be furnished the purchaser water works system
bonds, not
without cost. Enclose a certified 'exceeding 2%
interest, was passed
check for 1% of the bonds bid for, recently by the
Village Council.
These bonds carried at the elec¬
payable td the Coiinty.
near
Feb. 26.
on
bonds.
general
\:Yo/h<yyy Y;
eleetionlield
tem bonds.
O.
offered
4—v.
awarded
mul¬
are
struction
bonds
amounting
to
$73,000 was favorably voted at the
Ohio
•
Bond Sale—The
noon
Bank, Pandora. Enclose
check for $500.
6, 1945. All bonds
are payable from unlimited taxes.
The approving opinion of Peck,
Shaffer & Williams, of Cincinnati,
on
ment bonds amounting to
Euclid, Ohio
until
re¬
Nov. 6, .1945. Principal and inter¬
est payable at the First National
tiple of Va of 1% , Bids m&y be
made separately on each issue, or
station bonds amounting to $69,000 will be submitted to the vot¬
ers
bids
will
Bond Issue Approved—An issue
electioil
Enclose
Clerk,
different rate of interest in
in
terest.
Village
Tribbey Consolidated School
for
upheld.
was
An
—
amounting to $1,610,000 will be submitted to the,
Voters at the election to be held,
on April 2.
These bonds include
$185,000 for a sewage plant, $100,-.
000 for an incinerator, $80,000 for
years.
thorized at the general election on
Treon,
a
opinion
installation bonds.
1, 1946. Denomina¬
tion $1,000. Bidders may bid for a
bonds
multiple of % of 1%. No bid
for less than par and accrued in¬
Ohio
Dist.,
15, 1946. Denom.
$1,500 and $1,400. These bonds are
due on Sept. 15, as follows: $1,500
in 1947 to 1950, and $1,400 in 1951
Bid
Dated Mar.
bid for
a
Sch.
sealed
ceive
500,000 Detention Home bonds.
Due $13,000 June and $12,000
Dec. 1, 1947 to 1966.
500,000 Tuberculosis Hospital
bonds. Due $13,000 June and
$12,000 Dec. 1, 1947 to 1966.
000:
being
March 23 for the purchase of $20,000 Wz% fire department bonds.
primary election to be held on Clerk of the Board of Education,
will receive sealed bids until noon
May 7«
on Mar. 21 for the purchase of the
Cranef Mifflin, Pitt and Salem
following Wz% bonds amounting
Township8 Joint Hospital Dist,
to $3,000,000:
(P. O. Upper Sandu'
$2,000,000 Court House bonds. Due
sky), Ohio
$50,000 June and Dec. 1, 1947
Bond Offering — Jay Parker,
to 1966.
Secretary-Treasurer, will receive
sealed bids until 2 p.m. on Mar.
15 for the purchase of the follow¬
ing 3% bonds amounting to $175;-;
away,
26.
macher,
101.33
100.899
E.
his
if
•"»:
s
bonds
Claremore Sch. Dist., Okla.
Bonds Voted—An issue of con¬
Pandora, Ohio
Bond Offering — Glenn Schu¬
Montgomery County (P. O.
Dayton), Ohio
Bond
the
that he would vote in favor of the
issue
various
Bidder
„
Bond
far
2%
Feb.
Price
Rate
as
that on the city
by casting his ballot,
an opinion would be asked of the
Attorney-General.
He indicated
vote
a
hall bonds
was
improvement
bonds
amounting to $720,000 was ap¬
proved at the election held on
follows:
Miller & Co.
Halsey, Stuart & Co.
not
was
Pfxinesville
.
such
Election
Bond
on
Bond Issue Approved—An issue
of
lumbus, as 3/4S, at a price of 100.057, a basis of about 0.739%.
Dated April 1, 1946.
Denomina¬
tion $1,000. These bonds are due
$20,000 Oct. 1, 1947 to 1956. The
next highest bidder was Braun,
Bosworth & Co., Inc., for Is, at a
price of 101.38.
Other bidders
were
bid
second
sale
101.38 for Is.
—
terest
The
The
torias
$200,000 build¬
ing bonds offered for sale on
March 4
v.
163, p. 954 — were
awarded to the Ohio Co., of Co¬
Principal and inr YvT
Bidder
payable at the First Central
Hayden,
Trust Co., Akron.
ih 1957 to 1966.
pool bonds failed to
and a tie vote was cast on
the
$118,000
city
hall
bonds.
Mayor Elmer Tanner stated al¬
though
he
had.
an
unofficial
opinion that a mayor can untie
* 1
"
*
"v."'" "Shawnee,
swimming
The second bid for the Fos-
ket.
Bond Sale—The
Barberton, Ohio
un¬
high for such issues, at least
for the recent upsurge in the mar¬
Fostoria, Ohio
May 7.
mar¬
are
new
postponed.
was
bonds
Tuesday of
$200,000 Fostoria bonds due 194756 at 100.055 for %% bonds set a
payable to the
bonds.
';Y>./v>Y -ytime, the .$59,500
same
carry,
on
101.60.
the bonds
are
on
Ohio
1947-67.
of
Board of Education.
dium bonds
indices of the
our
all
was keen for $225,000
Township School Dis¬
trict, Butler County, bonds which
were sold Monday to a local bank
at 101.65 for 114s with maturities
general election on Nov. 6, 1945.
No bids for less than par and ac¬
crued interest. Enclose a certified
OHIO
'bonds.
At the
Ohio
this
new
stronger
Fairfield
the
at
'
Bidding
a
of the Board of Education. These
Apr. 1.
Alliance Sch. Dist.,
interest in
for
little
a
changed again today, for the sec¬
ond successive week, at yields of
1.16% for 20 Ohio bonds, 1.02%
for 10 high grade bonds and 1.30%
for 10 lower grade bonds.
Va of 1%. Principal
and interest payable at the office
bonds amounting to
•$450,000 will be submitted to the
voters at the election to be held
'
of
was
week but
ket
* sewer
bonds.
sale
Bidding for two recent
issues
multiple of
A* issue of
water system
ron
rate
as
follows:
4
4Grafton, N. D.
Co., of Cincinnati,
reported under date of March 6
March
18 for the purchase of $125,000
3% building bonds.
Dated April
building program.
1, 1946. Denomination $1,000. Due
Wingate, N. C.
Oct. 1, as follows: $5,000 in 1947
Bond Election — An issue of
to 1949, $6,000 in 1950, $5,000 in
municipal water system bonds
1951 to 1954, $6,000 in 1955, $5,000
amounting to $50,000 will be sub¬
in 1956 to 1959, $6,000 in 1960,
mitted to the voters at the elec¬
$5,000 in 1961 to 1964, $6,000 in
tion to be held on April 9.
1965, $5,000 in 1966 to 1969, and
$5,000 in 1970. Bidder may bid for
NORTH DAKdtA
.
disposal v plant have> been approved ^fecently]?by
Y-Y'- -fYY-: "
the Attorney-General: ;
> ? ■
*
50,000 electric light plant re- $3,500 building ahd repair bonds.
modeling and "improvement
4,500 trahsportation equipmeht
64,000
:
Ohio
Ohio
—
of
certified check for 5%
a
the par value of the bonds, pay¬
able to the City Treasurer.
Zanesville),
(P. O. Route No. 3,
An
issue of bonds amounting to $500,000 will be submitted to the vot¬
ers
sometime in August for the
purpose of a county wide school
Election Planned
close
was
Township Local Sch. Dist.
Falls
North Carolina
Bond
bidder
Ryan, Sutherland & Co.
Albermarle),
Stanly County (P. O.
successful bidder at his cost. En¬
highest
next
The
Peck, Shaffer & Williams, of Cin¬
cinnati, Will be furnished to the
1947 to 1967,
bonds are due from
100.00
satisfy
must
These
$1,000.
Denom.
1946.
bidders
bonds before bidding on same. No
conditional bids shall be accepted.
The
favorable
final
opinion of
a
1,
All
themselves of the validity of the
162, p. 1082—was awarded to the
Second National Bank of Hamil¬
Wiikesboro,
'
of building
$225,000 and
March 2—v.
bonds amounting to
For $140,000, Is,
?
.
Bond Sale—An issue
,
j
amounting to $48,000. Dated Jan.
1, 1046. Denomination $1,000. Due
Jan. 1, as follows: $5,000 in 1948
to 1956, and $3,000 in 1957. Bid¬
ders may bid for a different rate
of interest in a multiple of Va of
1%. Principal and interest payable
highest bidder was Weil,
Irving Co., for Vks, at a
The next
p
F. W. Craigie & Co.,
■:;
Monday, March 11, 1946
and
traffic
controI^irstefiiS; lor
extension of the City's recreation
■
Approved — Th^/follow¬
bonds amounting•' i"'' I**""''
$8,000
s.Bonfe
ing
.
'
1
,
V
■<
V ""
"
facilities snd for street paving and
t;-" •"
"
•'
V
i
-
<
>f-'
Volume 163
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4471
on
Aberdeen, S. D.
Election
Bond
issue of
An
—
repaying
bonds
amounting to
$75,000 will be submitted to the
voters at the election to be held
// /'
April 16.
on
Harriman, Tenn.
,
No Bids—It has been announced
that
the
bids
no
for
received
were
purchase of water works and
revenue
bonds amounting
sewer
to
1, 1945. Denomina¬
$1,000. Due Nov. 1, as follows:
$3,000 in 1965, $15,000 in 1966,
$16,000 in 1967 and 1968, $17,000
in 1969 and 1070, $18,000 in 1971;
Datect Nov.
tion
$19,000 in 1972 and 1973, and $20,000 in 1974 and 1975.
Principal
payable' af the First
arid interest
National Bank of Harriman Or at
& Trust Co.,
Bank
Chemical
the
the
balance of a total issue of $400,000
authorized for the acquisition of a
bonds
Said
York.
Beeville, Texas
Bond Election
are
improving and extending
system of said City, in¬
cluding the acquisition of a sewer¬
age disposal plant, , and are pay¬
able solely from the net revenues
sewer
and sewer system.
The bonds now to be sold are to
said
of
water
issued solely for the acquisition
a sewerage disposal plant under
be
of
revenue
Bonds numbered 91
to 400, in¬
total
authorized
issue
verse
the
of
callable for redemption
are
the
at
option of the City in in¬
numerical order on Nov. 1,
thereof plus
to each bond
as
tion
plus
and
demption,
accrued in¬
for re¬
fixed
date
the
to
premium
a
called for redemp¬
maturity computed
prior to
follows: As to each bond called
as
prior
or
on
premium
of
-
v
May 1, 1955, a
$40.00; as to each
to
prior to May 1, 1960, a premium
of $30.00; as to each bond called
thereafter and on or prior to May
1965, a premium of $20.00; as
thereafter and
1,
to each bond called
prior to May 1, 1970, a pre¬
mium of $10.00, and without pre¬
mium
as
to
each
bond called
or
on
thereafter.
will
purchaser
The
supply
approving
opinion
of
Chapman & Cutler, of Chicago,
and will supply acceotable bonds
for signature and seal.
Tenn.
Lewisburg,
sewer
public auction
on March 5—v. 163, p. 1084—were
awarded to the Hermitage Secur¬
at
IV4S, at a
basis of about
ities Co., of Nashville, as
101.66, a
1.076%. Dated March 1, 1946.
price of
De¬
$1,000.
These bonds
$2,000 March 1, 1947 to
The next highest bidder
nomination
due
are
1981.
bonds
I960,, and optional April 1,
1946, or any time thereafter. In¬
terest
ceases
.Morgan County,
.
Bond
Call
—
date called.
County (P. O.
San Antonio), Texas
Warrant Approved—An issue of
2Vz% refunding warrants amount¬
ing to $50,000
approved on
by the Attorney-General.
Jan. 28
was
Borger Indep. Sch. Dist., Texas
Bonds
Purchased—An
of
issue
series of 1946, school house
Bond
Election
of
construction
to
$300,000
and
Held—An
issue
amounting
submitted to the
on
Feb.
26-
Gonzales County (P. O. Gon*
^■0j&'.zales)r Texas;
;/
Bond Issue Approyed—An issue
thereafter,
Bonds
3%
bonds
ings, and the approving opinion of
W. P. Dumas, of Dallas, without
cost. If the purchaser requires also
an
approving opinion of other
bond counsel, then his
proposal or
bid shall name a firm of nation¬
ally known bond attorneys and
that road district bonds
shall
2
stipulate that fee of his said
attorneys which shall be paid by
the purchaser. The bonds will be
delivered to the purchaser on or
about
April 10,1946 at Dallas Na¬
tional
Bank,
Dallas.
of
part
are
Said
bonds
authorized
an
issue
amounting to $7,000,000, author¬
ized
wood
to $445,000 was pur¬
recently by R. A. Under¬
Co., of Dallas, ;as 2V2S.
&
Dated Feb.
15, 1946.
proved by McCall,
Crowe, of Dallas.
Legality ap¬
Parkhurst &
Caldwell, Texas
Bond Sale Details—The $25,000
sewer
improvement bonds offered
recently and awarded to
for sale
Crummer
&
Co., of Dallas, for
$9,000 as 2*/2S, and $16,000 as 2%s
—v. 163, p. 1211—were sold at a
price of par, and mature on Oct.
15, 1946 to 1965.
Cameron
County (P. O. Browns¬
ville ),' Texas
at
an
election
held
on
Aug.
25,
a
Bank & Trust
1946, and subsequent coupons.
dated called.
In¬
terest ceases on
Heights,
Bonds Approved
on
Constitutional
Fund
Tax
Public
Building
authorized
by Section
9, Article 8, Texas Constitution, as
Enclose
amended.
check for 2%
the bonds,
certified
a
of the par value of
and
ton, County Judge.
Dcwell Indep. Sch. Dist.,
Bond Issue
Texas
Approvedr^An issue
of;
2V2 %
construction
bonds
amounting to $12,000 was approvec
on Jan. 28 by the
Attorney-Gen¬
El. 'Paso,
Bond
3*/4%
house
court
of
issue
and
Election
Texas
Planned
—
The
following bonds amounting to $1,100,000 will be submitted to the
voters at
jail
refunding,
series
of
1946, the near
bonds amounting to $110,000 was
purchased recently by Rauscher, $750,000
150,000
Pierce & Co., of Dallas.
Dated
100,000
Jan.
15,
1946.
Issued for the
100,000
purpose
of
refunding
a
like
amount
of
outstanding
bonds.
Galena
Legality
approved
by
McCall,
Parkhurst & Crowe, of Dallas.
an
election to be held in
future:
storm
bonds.
sewers
$60,000
recreational bonds.
street bonds.
airport bonds.
Park
Indep.
Sch.
Dist.,
T exas
was
bonds
amounting
to
favorably voted at the
payment
urer's
tem bonds.
2%'%
improvement bonds.
2*4%
189,000
;
C
>
and
Austin,
R. A. Underwood & Co., of Dallas.
Issued for the
purpose
of
refunding
a
like
amount
of
outstanding
bonds.
Legality
approved
by
McCall,
Parkhurst & Crowe, of Dallas.
Bond
Tosch,
Dallas),
Offering
—
Charles
County Auditor,
will
ceive sealed bids until 10 a.m.
The
expects to hold an election
—
of refunding not less than
of
outstanding in¬
Legality approved by
amount
&
Crowe,
of
/,/
? Bond Issue
of
*
,
3 */2 %
Texas u'/;
Approved—An issue
water
system
revenue
bonds
amounting to $60,000
approved recently by
Attorney General.
has
the
been
Llano,
at
Bonds
revenue
000
the State Treas¬
office, Austin,
'
Texas
On April 1
Series of 1941, road district No.
thorized
Series of 1941
A.
re¬
on
and
un¬
cost
No..
$18,000 in 1972,
The Board
will consider an option bid on the
bonds.
All bonds maturing after
April 10, 1962, become optional
on
April 10, 1961, on 60 days'
published notice prior to any in¬
March 7 for the purchase of series
of 1946, road bonds amounting to
bonds authorized
held
Denom.
to
due
The
in
Dated April 10, 1946.
$1,000. These bonds are
April 10, as follows: $7,000
1947, $8,000 in 1948 to 1953,
on
$9,000
in
1954 to 1959, $10,000 in
1964, $11,000 in 1965 to
1969, $12,000 in 1970 to 1974, and
$13,000 in 1975 and 1976. Principal
to
and interest payable at the State
are
the
election
of interest
be in multiples of
*4 of 1%.
approving opinions of the
& Cutler,
ojf
and
Chapman
Chicago will be fur¬
nished. Enclose
for
at the
Rate
AttorpeyrQenerai
a
certified check
$10,600/ payable to the Dis¬
trict.
election
;
on
dates called.
burg), Texas
.
of
about
1.486%
Bidder
&
X
Trust Co.,
National Bank, J3t.
Paul,
First National Bank,
Minneapolis,
Cruttenden & Co.,
13 for the
Texas Batik &
Oakes,
A.
:
bonds;
Inc.,
!.
Columbian Securities Corp.,
San Antonio,
Barret, Fitch & Co.,
Weil, Roth & Irving Co.,
Hatcher & Cp., and
Walter, Wopdy &
Heimerdinger', jointly,
i
Enclose a certified check
2% of the par value of the
60 days.
for
bonds
payable
to' Otis
Howard County
Junior £ollege
Legality Approved—An issue of
and 2 ¥2 % school house,
2 ¥4 %
series of 1946 bonds amounting to
$200,000 was approved as to legal¬
ity by W.. P. Dumas, of Dallas.
These
1946.
bonds
are
dated
Jan.
1,
[
Ralsey, Stuart & Co.,
Paine, Webber, Jackson
& Curtis,
f
I
'
C. F, Childs & Co.,
Dallas XJnion Trust Co.,
Dallas,
Dittmar & Co.,
Fort Worth National Bank,
Fort Worth,
and
C. Edgar Honnold, jointly,
For $402,000,2%s, and
$1,098,000, %¥2S i-l,-—100,003
(Net interest cost 1.60909%.) ;
Mineral
Wells,\Texas
Purchased—The follow¬
ing series of 1946 bonds amount¬
ing to "$200,000 were purchased
recently by the ■ Louis B. Henry f
Investments, of Dallas, as l%s and
Bonds
;
2s:
' r:/:
r
$65,000 street improvement bonds'^
35,000 sewer extension bonds.
75,000 municipal building bonds.
25,000 park improvement bonds.
Dated Feb. 1, 1946.
proved by McCall,.
Crowe, of Dallas.
Dist. (P. O. Big Spring), Texas X
•
;
$297,000, 3*/2s, and
$1,203,000, 1V2S
100.06
(Npt interest cost 1.596%.)
Massey, 1
Mayor.
\
For
New
provisions
eral obligation bonds for at least
./
//
R. A. Underwood & Co.,
Bank,
the Mayor and
v
William N. Edwards & Co.,
for registering principal and in¬
terest. The Approving opinion of
written request to
-
Jointly,
$246,000, 3s, find
$1,254,000, lfts
.100.006
(Net interest cost 1.55%;) '
Kebbon, McCormick & Co.,;/
April 1, 1946. Denomina¬
tion $1,000. Interest rates to be in
multiples of % of 1% only. Bid on
only one interest rate on each is¬
sue. Rids must be for all or none.
PripcipM and interest payable at
City Council. The City will hot of¬
fer for sale any additional gen¬
j
{
»■
/
,
.
First of Michigan Corp.,
50,000 Flood Control bonds. Due
$2,000 April 1, 1947 to 1971.
50,000 Traffic ' Sign bonds. Due
$2,000 April 1, 1947 to 197L
50,000 Park
and Recreation
bonds, Due $2,000 April 1,
no
„
Otis & Co.,
400,000 Sanitary Sewage Disposal
System bonds. Due $16,000
April 1, 1947 to 1971.
National
Trust Co.,
John NuVeen & Co.,
E. H. Rollins & Sons,
1971.
City has
|
j
For
1947 to
Chase
j
W. Snyder & Co.,
„.
1947 to 1971.
Sewer
j
' •'
.
Dallas, and
James/ Stayart & Pavis,
$1,000,000 Per ma n ent Paving
bonds. Due $40,000 April 1,
$40,000 April 1,
i
E.
purchase of the follow¬
ing bonds amoubtingxto $2,550,000,
not exceeding 3% interest
York. The
'
St. Louis,
First
Controller, will receive
sealed bids hntil iO a Jn. on March
Storm
fol¬
Price Bid
Barcus, Kindred & Co.,
J. Roe & Co.,
R. J. Edwards, Inc.,
Due
as
B, J, Van Ingen & Co.,
Bonds Approved — An issue of
and 3¥2% refunding bonds
amounting to $2,089,000 was ap¬
proved on Fob. 20 by the Attorn
ney-General.
Houston, Texas
Bond Offering—Roy B.
163,
—v.
Harriman Ripley & Co., Inc.,
Mercantile-Commerce Bank
3%
1,000,000
on
lows:
.
ceases
held
«
1211—were also bid for
p.
1960,
Feb. 23.
the
Bids — The $1,500,000
awarded on Feb. 28 to a
syndicate headed by Braun/Bos- ;
worth & Co., Inc., as 1*/2S, at a
price of 100.186, a net interest
1
Series of 1916, road district
1 bonds Nos. 363 to 375.
interest
by
bonds
Series of 1935, special road re¬
funding bonds Nos. 501 to 550.
~
recently
Lubbock, Texas
On April 10
On May
of
Other
bonds, Nos. 654 to 753.
in
and
on
at
district No.
road
issue
Co., of Dallas, as 23/4S
These bonds were au¬
Oct. 30, 1945.
$22,000 in 1961, bonds change after the opening of
1962 to 1964, $25,000 the bids and before the date of de¬
in 1965 and 1966/ $27,000 in 1967, livery, the successful bidder may
$43,000 in 1968, $46,000 in 1969, withdraw his bid and recover his
$47,000 in 1970, $48,000 in 1971, good faith check, upon making
1959
purchased
and 2*/2S.
Reed, Hoyt <& Washburn, of New
purchase of school bonds amount¬ York, will be furnished. Bids not
ing to $500,000, not exceeding in strict conformity with the no¬
$23,000
Purchased—An
bonds amounting to $400,-
was
Crumer &
follows:
as
til 7:30 p.m. on March 11 for the
terest payment date. These
1960
Texts
Bon& Election Expected
City
street
to
purchased recently
Ranson-Davidson
Co.
1 bonds Nos; 286 to 298.
the
tion, will receive sealed bids
issue of road
Dated Feb. 1, 1946.
—The follow¬
$11,000 2*4% sanitaiy sewer sys¬
of
re¬
was
Jefferson,
Dated
Offering — J. L. Massey,
President of the Board of Educa¬
Collingsworth County (P. O.
Wellington), Texas
Texas
eral:
1945,
amounting
McCall,; Parkhurst
1947 to 1971.
Bond
Texas
;1 by the Attorney-Gen¬
issue
of
City
paybple to Al Temple
$300,000.
Feb.
like
Dist. No. 9 (P. O. Edin-
Texas
Purchased—An
for
of a continuing direct annual ad
valorem tax on ell taxable proper¬
ties in said County out of the
Camp County (P. O. Pittsburg),
Dallas County (P. O.
ing bonds amounting to $200,000
that carried at the election held
on Dec.
18. 1945, were approved
1
Dallas.//;;..:
Hidalgo and Cameron Counties
Water Control and Improvement
called.
TEXAS
Alamo
series
bonds
debtedness.
2%% interest.
Dated March 15, tice of sale will not he considered.
announced that election held on Feb. 26.
1946.
Due April 10, as follows: The bonds are issued under au¬
to
Crosbyton Indep. Sch. Dist., Texas
$1,000 in 1947 and 1948, $2,000 in thority of City Charter, Article 4,
$109,000 and dated April 1, 1941,
Bonds Purchased—An issue of
1949, $4,000 in 1950, $6,000 in 1951, Section 1. Delivery of bonds with¬
part of an original issue of $175,3% and 3*4% series of 1946, re¬
$7,000 in 1952, $8,000 in 1953 to in approximately 50 days. The
000, are called for payment on
funding bonds amounting to $77,April 1. These bonds mature seri¬
1955, $11,000 in 1956, $12,000 in City agrees that should the Fed¬
000 was
purchased recently by
ally in 1946 throughout 1951. Pay¬
1957, $20,000 in 1958, $21,000 in eral Income Tax status of these
able at the Citizens
No.
Dated Nov. 1, 1945. Issued for the
purpose
funding bonds amounting
Co., Wartburg. The bonds should
have
attached thereto April
1,
3*/2%
$400,000
by
the
called
are
1945. Both principal and in¬
terest being payable by the levy
Bond Call—W. R. Jones, County
Treasurer, has announced that the
series of 1941, protection bonds eral.
Nos. 834 to 858 amounting to $25,Eldorado, Texas
300, are. called for payment on
Bonds Voted—An issue of sewer
April 1, at the State Treasurer's
system and paving bonds amount¬
Office,
Austin.
Denom., $1,000."
ing,, to $200,000 was favorably
These bonds mature on April 1,
"'pted at the election held on Feb.
1969.
Interest
ceases
on
date
24.
•
-rrv
construction
McCartt,
Dist.
Purchased—An
and
funding
County Judge, has
4%
Reclamation
(P. O. Sierra Blanco), Texas
bonds
was
voters at the election held
the bonds of said series
in the years 1957 to
amounting
Bonds Voted—An
Tenn.
H.
J.
on
Bexar
101.15.
IV4S, at a price of
for
due $2,000 April 1, 1941
are
to
Nashville Securities Co.,
the
was
Hudspeth County Conservation
—
3%
$30,000
Sale—The
offered
bonds
payment date
School
.
BPnds
Bond
interest
Independent
District, Texas
.
and.on or
bond called thereafter
<
,
Garland
maturing
1976, both in¬
of road const ruction bonds
clusive; (b) to submit proposal or
amounting to $200,000 was ap¬
bid for the purchase of said
bonds,
bonds//.; .vp
j//, .;PPtfJP| or bid for the purchase of said proved on Feb. 18 by the Attor¬
Ben Bolt Independent School ;
bonds, with maturity dates as ney-General.
•;
-:;v>
•'
hereinabove stated, but without
District, Texas
Hamlin School District, Texas
Bond Call—Alberto Garcia, Sec¬ option of prior payment or re¬
Bonds To Be Issued—The 3 */4%
retary of the Board.-"of Trustees, demption; and (c) to name in each construction bonds amounting to
has announced that all the out¬ proposal or bid the rate or combi¬
$125,000 will be issued as a result
standing 2!4% and 3%; school nation of two, rates of Interest the of the election held on Feb. 23.
house bonds Nos. 1 to 80, amount¬ bonds are to bear under p^ch pro¬
Hidalgo County Road Districts,
ing to $40,000 are called for pay¬ posal or; bid;;: stated in multiples of
T exas
ment on April 1, at the Alice Bank
¥t of 1%. The County will furnish
Bonds Called
B. F. McKee,
& Trust Cop Alice. Dated^April .1, the
printed
bonds,
a
certified
J940.
Denom.
$500 each. These check record of the bond proceed¬ County Auditor, has announced
1950, and on any interest payment
thereafter at the principal
terest
.
$300,000 pentraj ppiyer and light
company water works bonds.
50,000
sanitary
sewer
system
date
amount
',
bonds, with maturity dates
as hereinabove
stated, but with
option reserved by the County to
redeem or pay, in whole or in
part, on April 10, 1956; or on any
chased
the terms of the resolution.
clusive,
,
field :r~:The.fol~
bonds amounting
to $350,000 were submitted to the
voters at thp election held on
lowing
and for
the
bidder
Bach
required: (a) To submit
proposal or bid for the purchase
of said
by said City
works system
water
office.
be
:,
$180,000.
New
will
May 1 to submit to the .voters
issue of improvement bonds
amounting to $7,149,590.
March 5:
TENNESSEE
.
Treasurer's
an
DAKOTA
SOUTH
1339
Legality ap¬
Parkhurst &
Newton, Texas
Approved—An issue
of 33/4% and 4*/4%' electric light
and power system improvement
/-/K.
Bond Issue
bonds amounting to $120,000 was
annroved on Feb. 21 by the Attor-
THE COMMERCIAL &
-..r' -V'
1340
(P.
Bonds
amounting to $200,000, authorized
at the election held on Dec. 15,
the
Dec.
Hanson-Davidson Co.: Dated
15, 1945. Legality approved
VIRGINIA
amounting
Bristol, Va.
Purchased—The follow¬
ing 3% and 3%% bonds amounting
bonds amount¬
$400,000, not exceeding 3%
provement coupon
bonds.'"
10,000 fire station
1, 1945.
P. Spauld-
15 for the purchase
of
building and public im¬
March
school
water works and sewer
Dated Dec.
submitted
ing, City Manager, will receive
sealed bids until 4 p.m. (EST) on
and sewer
bonds.
revenue
Offering—F.
Bond
$115,000 was purchased recently
by C. N. Burt & Co., of Dallas:
to
40,000
ing to
bonds.
Legality ap¬
Denomination $1,000.
interest.
to
to
$200,000
will
be
Dallas.
No.
District
the
and sewer revenue
amounting
to
$300,000.
issue of water
bonds
These
Pulaski, Va.
authorized at
were
Bond
held on Feb. 26.
the election
Red Rider County
Offering—Lottie R. Run-
Town Clerk, ; will receive
sealed bids until 2 p.m. on March
21
for
the * purchase
of water
works coupon bonds amounting to
ion,
Community
(P. O. Box'
elder), Texas
Sch. Dist: No. 2
Dist. No. 401
County Sch.
Pierce
-2 y2%
of
1%%
the
repair bonds amounting
No.
District
District
O. Upalde),
Texas
Voted
—
of
issue
An
construction
hospital
bonds amounting
to $175,000 was
favorably voted
held on Feb. 2.
at
_
■.
-
Weslaco,
election
the
-,'•/
/s):
lf-y- "
■■
Texas
Tenders Wanted—V.
or
No.
,
./V:
der and
C. Thomp¬
son, City Secretary, will receive
sealed tenders until on or before
deducting therefrom any
offered. Principal and
payable at the Chase Na¬
tional Bank, New York City; To
premium
interest
of all
pay the principal of and interest
outstanding refunding bonds, Nos. on said bonds as the same become
90 to 187, series of 1943, presently due1 and
payable, there shall be
redeemable, and also outstanding levied in each year while said
refunding bonds, Nos. 301 to 350, bonds are outstanding and unpaid
March 19 for the purchase
series
It
1944.
of
nounced that the
has been an¬
above City has
$15,000 surplus funds in its inter¬
est sinking fund account for the
purchase of these bonds. /No ten¬
der, unless for less than par and
accrued
interest
will
be
accept¬
able, and the City reserves the
right to reject any and all tenders.
Redemption of the bonds, will be
made
on
May
1,
through the
Guaranty
City.
Trust Co.,
interest,
N.
New York
taxes upon all the taxable prop¬
erty within said Town, within the
E., bond No. 16.
a
As given
follows in the New York
as
"Herald Tribune":
"The President has given me a
assignment together with,
tough
his full support in carrying it out.
"There will be
line
new
on
retreat to a
no
prices and rents. The
wage-price policy will require
price increases; These will
Interest
ceases
on
dates called.
the following matured
trict No. 3935, No.
No.
4037,
bonds: Dis¬
31; District No.
District
73;
4484,
No.
No. 21.
Oconto,
Bonds
enue
issue
of
water works mortgage rev¬
bonds amounting to $150,000
a
is¬
of water system improvement
bonds from the amount of
$75,000
$190,000 will be submitted to
at
the
election
to
second
County Sch. Dist. No.
(P. O. Cheyenne), Wyo. ■
Bond Election
1
Planned—An is¬
ing to $125,000 will be submitted
held immediately.
,
war
powers
neces¬
the
for
to
the
assist
Administration
Price
in
forces of inflation.
"
'Priorities and allocations pow¬
will be used vigorously wher¬
to enforce increases
necessary
prices. There will be a strict
Local
Improvement Dists.,
The
of the Treasury and /
resources
Departments will be called
when necessary to assist in
Justice
upon
Wash.
Bonds
Called
—
H.
Bills Sold—An issue of
L.
Collier,
Treasury
$75,000,000 was
sold on Feb. 28 at an average yield
of 0.363%. Dated March 1, 1946
and due on May 31, 1946.
bills amounting to
City
Treasurer, has announced
that the following bonds are called
prescribed by law, suffi¬ for payment at his office:
cient to provide for the payment
\
On February 21
7 :
i
of the principal of and/interest bh
District No, 5414, West Orchard
said bonds as the same respective¬
Street, bonds Nos. 9 and 10.
ly become due. The bonds are regOn February 24
;
isterable as to principal only. The
District No. 5537, First Ave.,
Town, in conformity with Section
3090, Code of Virginia, covenants Northeast, bQnds Nos. 10 to 12.
and agrees with the purchaser and
OnFebraary 26
District No. 3460, 53rd Avenue,
subsequent owners and holders of
the bonds, their successors or as¬ Southwest, bonds Nos. 361 and 362.
Interest ceases on dates called.
signs, during the entire life of the
issue, that all revenues derived
Bonds Called—, H. L. Collier,
from the Town's operation and
City Treasurer, has announced
ownership of /the water works that the following bonds are called
plant or system will be segregated for payment on Feb. 17, at his
limits
President
to
the
in
hilt
Greater Vancouver Water District,
"I
am
pleased vwith
appointment as ad¬
certainly
Paul Porter's
ministrator of the OPA.
He has
well mund^d; experience in/tho ;
not only as
deputy administrator
Debenture Offering
—
An issue
of 2%, 2&%, 2%% and 3% con¬
struction debentures amounting to
Ad¬
ministrator for the, War Food Ad¬
ministration under Marvin Jones
Associate Director of the
Office of Economic Stabilization,
and as
under Secretary
"I
know
/
Vinson.
OPA
sure
—and I include
people
welt
that all of them
our
volunteers—will
thousands of
give
him
the
vigorous, and loyal support
same
ilijliKlKB-c-
his
fight to protect the na¬
tion from the grave economic dan¬
gers we face. T
-v:
courageous
enough to be
BRITISH COLUMBIA
j
enforcing these controls.'
"It is up to all of us to back
OPA's first
Canada (Dominion of)
■
enforcement of inventory controls*
for rent but also as Deputy
Seattle
to;
Office of 8
meeting
government's
responsibility
retaining control over the (
act,
ers
stabilization program,
CANADA
be
act
emergency powers; .delegated to
them under the second war pow¬
a
certified
check for 5% of the amount bid.
production. Price
be used only as
't
/
stimulate the flow of goods;,
"The President made this clear
when he said: T am directing that;
all administrative agencies use
their full legal powers, including
of construction bonds amount¬
to the voters at the election to be
can
maintain balance'$hd
to
sary
the
Laramie
sue
be
future.
near
to
answer
vigorously used wherever
in
Bond Election Planned—An
voters
.
"Clearly Congress intended that
the
ever
Afton, Wyo.
held in the
'«
inflation. But let's get
to
last resort.
ers
WYOMING
the
with
their main job of getting out the
goods.
"Let's get it unmistakably clear
that all-out production is the only
adjustments
purchased recently by Mullaney, Ross & Co., of Chicago.
Dated
April 15, 1945. Denoms.
$1,000 and $500. These bonds are
due on April 1, as follows: $1,000
in 1947 and 1948, $2,000 in 1949,
$2,500 in 1950 to 1954, $3,000 in
1955 to 1959, $3,500 in 1960 to 1964,
$4,000 in 1965 to 1969, $5,000 in
1970 to
1975, $5,500 in 1976 to
1979, $6,000 in 1980 to 1983, and
$5,000 in 1984. Principal and in¬
terest payable at the First Na¬
tional Bank, Oconto.
to
ahead
move
it equally clear that inflation is
Wis.
Purchased—An
can
stable and that they need not be
diverted by speculative risks from
not the
was
sue
men
confidence that costs will be held
answer
WISCONSIN
2V2%
be made promptly so that busi-.
ness
12th Avenue,
Nos. 29 to 31.
Cash is also available to apply on
prin¬
sufficient in
Enclose
5640, 50th Avenue,
District No. 5405,
S. W., bonds
purchase said bonds at par.
Legality approved
by Preston,
Thorgrimson, Horowitz & Turner,
Seattle.
price increases."
some
will
of
prices
on
by the United Press, the text of
Mr. Bowies' statement was pub-;
new
On March 11
the payment of said bonds,
and
5570, 37th Avenue
bonds Nos. 4 to 6.
District No.
until 2 p.m. on March 26 for the
purchase
of1 $175,000
terminal
bonds, not exceeding 3% interest.
Dated May 1, 1946. Denomina¬
tion $1,000. Due May 1, as follows:
$10,000 in 1948, $11,000 in 1949 to
1952, $12,000 in 1953 and 1954,
$13,000 in 1955 to 1957, $14,000 in
1958 and 1959, and $15,000 in 1960
and 1961. The Port reserves the
cipal
*
line
following sentence that: "The new
wage-price
policy
will
require
lished
5486, West Myrtle
a new
rents", and the remark in the
some
On March 9
rates), in a multiple of Va or amount with other revenues of the
one-tenth of 1%. The bonds will said Port applicable to said pay¬
be awarded to the lowest respon¬ ment, to pay the principal and in¬
sible bidder on the basis of the terest of the said bonds as the
lowest interest cost to the Town, same accrue. Bidders are required
but no bid will be considered for to submit a bid specifying either
Jess than par. In determining the (a) the lowest rate of interest and
best bid, the interest cost to the
premium, if any, above par at
Town will be computed by deter¬ which said bidder will purchase
mining the interest to maturity at said bonds; or (b) the lowest rate
of interest at which said bidder
rate or rates specified by the bid¬
$385,000 was approved on Feb. 1
by the Attorney-General.
Bonds
rate
and
Street, et al., bonds Nos. 28 to 30.
West et al.,
retreat to
no
;
5592, Alley, Block
et al., bonds Nos. 76 to 79.
nue,
by the State as 2%s-^
v. 163, p. 516—were sold at a price
of par. ; These bonds mature on
Jan. 1, as follows:
$2,000 in 1948
to 1954, and $3,000 in 1955 to 1966.
1945
17,
two
to
county
Bidders to name
rates (not exceeding
numbers.
their
Approved—An issue
V if aide Counfy (P.
•
District No. 5262, Franklin Ave¬
.
Bond Issue
Stabilizer
,
On March 8
(P. O. Tacoma), Wash.
Bond Sale Details—The $50,000
school bonds purchased on Dec.
Approved—An issue $550,000. Dated April 1, 1946.
Denomination $1,000. Due April 1,
construction
bonds
as follows: $9,000 in 1947 to 1951,
amounting to $3,000 was approved
$14,000 in 1952 to 1956, $15,000 in right to redeem any or all of the
by the Attorney-General Oh Jan.
1957 to 1961,$22,000 in 1962 to 1966, tsaamatured and outstanding bonds
12.
and $25,000 in 1967 to 1976. The of this issue at par on any interest
Slaton Indep. Sch. Dist., Texas
bonds maturing on and after April payment date in inverse numeri¬
Bond Issue Approved—An issue 1, 1961, shall be redeemable on cal order on and after five years
of 2Vz% and 3% refunding bonds any interest payment date on or from the date of issue by giving
amounting - to $110,000 was ap¬ after Oct. 1,1960, upon payment of 30 days' notice of such intended
proved on Feb. 1 by the Attorney- the par value thereof plus a pre¬ redemption by publication in a
mium of 2% and accrued interest publication in a daily newspaper
General.
to the date fixed for redemption of the City of Port Angeles, and
Smith County Tyler Junior College
(provided that the amount of pre¬ interest, on any bond so called for
Dist. (P. O. Tyler), Texas
mium payable in connection with redemption shall cease on said call
Bonds Approved—An issue of
the redemption of any bond, shall date. These are the bonds author¬
iy2% and 2% construction bonds
not exceed the amount of interest ized at the general election on
amounting to $500,000 was ap¬
Nov. 7, 1944. The Port, by reso¬
to the maturity, date of the bond
proved on Feb. 18 by the Attor¬
called for redemption).
In the lution of its board of commis¬
ney-General.
These bonds were
event that less than all the bonds sioners, has irrevocably pledged
favorably voted at the election
outstanding are called for re¬ itself to make annual levy of taxes
Jieid on Oct. 13, 1945.
demption, the same shall be re¬ upon all of the property in the
Tyler Sch. Dist., Texas
deemed in the inverse order of said Port subject to taxation for
'Bond Issue
of
,
Nos. 1 to 4.
,,
bonds
10
Nos,. 8 to
3, Mt. Baker Park Addition bonds
McCall, Parkhurst & Chesterfield County, Manchester
Magisterial Sanitary Dist. (P. y
O. Chesterfield), Va.
Port of Port Angeles (P. O.
* § '
Raymondoille, Texas
Port Angeles), Wash.
Bonds Voted—An issue of water
Bonds Purchased — William L.
Bond Offering—David Burrows,
Schupp, City Manager, has an¬ system bonds amounting to $100,nounced that the Ranson-David- 000 was favorably voted at the. Secretary of the board of commis¬
sioners, will receive sealed bids
son
Co., purchased recently, an election held on Feb. 19.
proved by
Crowe, of
3636,
South bond No. 1.
voters at an
election to be held on March 12.
Quitman, Texas
Bonds
v
No.
—
Dallas|i|^|||gJ|^||;;
$65,000 water works
District
become due.
they
„
Parkhurst & Crowe,
•;
by McCall,
of
as
,
purchased recently by
1945, was
bonds
the
purposes.
Policy
2y2% series of 1945.
construction bonds
house
school
;to be used for
revenue
O. Pharr ),!.Texas
1 -U
Purchased—An issue of
and
4y2%
electric light
Monday, March;'lij; 1946
-
Economic
The approving opinion of Wood, ;;
bonds.
Dated Feb. 1,
i^hd Caitll. L] Collie^ City
1946. These bonds are due $12,000 Hoffman, King & Dawson, of New
Gives
Feb. 1, 1947 to 1956, callable for York, will be furnished the pur¬ Treasurer, has announced that the
chaser without charge. Enclose a following bonds have been called
The new Economic Stabilization *
redemption in inverse numerical
certified check for ,2%
of" the for payment at his office;
o^der at the option of the City
Administrator, Chester Bowles, .r
bonds, payable to the Town,
on any interest payment date on
On February 28
former OPA b^ad, released a for- ^
;
and after 5 years, from date of
mal statement of policy on Feb.
WASHINGTON
District No. 5396, Graham Street,
bonds at par and accrued interest
15, which, according to the United
et al., bonds Nos. 29 to 31.
King County Sch, Dists. (P. O.
to the date fixed for redemption
Press in its Washington dispatch,
Seattle), Wash.
On March 5
indicated some disparity between
plus a premium of $2.00 for each
Bond Election
An issue of
$100.00 of bonds redeemed.
District No. 5590, 32nd Avenue the assertion that "there will be;
School
District
No.
408
bonds
are
Dist.
Sch.
Juan-Alamo
Pharr-San
FINANCIAL CHRONICLE
which they have
given me.
"The task of co-ordinating
whole
crucial
stabilization
this
pro¬
$1,250,000 is being offered for sale
gram is huge. No man can do it
by Lauder Mercer & Co., of Van¬
couver, and Burns Bros. & Den¬ alone. Certainly I can't. It can be
Wylie, Texas r
ton, of Toronto, jointly. Dated done only if everybody pulls to¬
Bond Call — The above City's
March 1, 1946. These debentures
series of 1936, refunding bonds
gether—the public, management,
ere due on March 1,1048 to 1971,
Nos. 9 and 12, denomination of
arid constitute joint and .several labor, farmers and Congress, This
$1,000 each, and Nos. 5, 7, 8, 10, and.
kept segregated from other office:
obligation and liability of the Dis¬ job needs the understanding and
11
and 13, in denomination of
Town funds, and that the rates to
trict arid of the City of Vancouver
support of all of us because we
$500 each, are called for payment be charged for water shall be District No. 5485, West 77th Street,
and the other municipalities With¬
et al, bonds Nos. 138 to 154.
on April 1.
have such a large stake in the
Said bonds with all fixed and maintained at a level
in the District.
District No. 5569, 34th Avenue,
unmatured coupons attached must
that will produce sufficient rev¬
.outcome of our fight to lick infla¬
N. E., et al, bonds Nos. 6 to 8.
be presented for payment at the
enue
under the requirements of
tion and to get production rolling*
QUEBEC
District No. 5571, 34th Avenue,
Mercantile National Bank, Dallas.
clause "b" of Section 127 of the
"We'll just have to face the fac|
S. W., et al, bonds Nos. 7 to 10.
Interest ceases on date called; /
Ste. Therese, Que.
Constitution of Virginia, to pre¬
i
Interest ceases on date called.
Bonds Purchased—An issue of that this is a war-born emergency*
vent said bonds from being in¬
,
cluded in
Murray, Utah
Bond
city
to
Sale—The
bonds
Edward
$120,000
awarded
L.
V
last
Burton
&
>
,
2%
month
Co.,
of
/Salt Lake City—v. 163, p. 1084—
determining the limita¬
tion of the power of the Town to
incur indebtedness, and said revnues
will be
necessary
the
applied to the extent
to meet the payment of
principal of and interest
on
-
Cash is also available to apply
the following matured bonds:
on
District No. 3809, Nos. 121 and 122
:
bonds.*1
District ; No. 4312, Nos! 78 to
^
bonds, -Vw';;:..'.> ■;
-VV-
.
81
:u
bonds amounting to $70,000 It requires many Of the same real¬
purchased recently by Sav- istic measures we used to solve
ard, Hodgson & Co., of Montreal,
the same tougb^bilizatiori jprob^
at a price of 100.53, a basis of
about 2.952%. These bonds are lems while the shooting war wa$
3%
was
due in I to 25
years.J.
on."
■
-
I
@FedFRASER