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1344
m13
MONDAY
t &nt£
ommetciaL an
Financial
Reg. tJ. S. Pat.
Volume
New
Number 4263
159
General
RAILROAD
(no par) offered through the issuance of rights to com¬
stockholders was subscribed through the exercise of
such rights, it was announced march 7.
The remaining
2,262 shares were distributed by the underwriting group
consisting of A.: G. Becker & Co., Inc.; F. S. Moseley, &
Co.; and Shields & Co.
/
'
.
for
each
old
consolidated
that
"
reading in part as follows:
basis of the data submitted,
the
distributions
these
tor
distributions
were
of
are
100%
non-taxable
made.—V.
159,
Carl
President.
]ts
it
as
is
held
**'»
*.•
"
dividends
the share¬
to
p.
New York Stock Exchange
New
545.
postponed
D.
the
Newton,
fJ
.*•
''
A Ilis-Chalmers
1 v'.':
V'- .\
Co<—-TG, Vote
Mfg.
-,
a
on
is
issue
and
increase
from
as
in
2,500,000,
approved, the offering will
market conditions justify."
the
authorized
in order
to
provide
done
be
"as
Toronto
Toronto
to
sufficient common
......1069
Stock Exchange—.....
1069
Stock Exchange—Curb Section___1070
Exchange..
Curb
State and City Bond
Dividends Declared
The Course of Bank
provide funds for possible acquisition, now or;
after the war, of additional plants and equipment, and for post-war
requirements.
'
'
•
The offering price of the. new preferred, dividend and convertible
rates, cannot be set until; after stockholders*
approval, the proxy
statement said, but it is contemplated that the offering price will be
no
less than $100 a share, -dividend rate in the neighborhood of $4,
and
convertible rate in excess of the market value of the common
stock at the date such a rate is set.—V. 159, p. 729.
American Bosch Corp.—To Pay 25-Cent
the
on
March
since
>It
$1
7 declared a
Conditio^ Statement of Federal
Banks
—-4—1079
Condition Statement of Member Banks of
Combined
Stock and Bond Averages........
Dividend—
'
Car
&
Foundry
Motors
engines, chiefly for the U. S. Government.
As stated in the annual
report to stockholders for the year 1942, the production of motor
coaches is restricted by the War Production Board and this is re¬
flected in reduced sales and an operating loss of approximately $24,650
It has been The
income of
Net
renegotiation
to
be
repeated,
orders
$319,541
$1.19
the three months period ended Dec. 31, 1943,
$1,489,627; selling, advertising, administrative
cash discount
interest charges, $9,395;
$625,819;
taxes, $475,547;-balance surplus,
paid, $50,205.—V, 159, p. 929. ;
Federal
and
American
divi¬
$254,725;
Food
New
Corp.- -Forms
Products
Home
of
Formation
as
in
and
election
the
division
division
food
new
a
Vice-President
a
charge
of
of
Henry W,
was
Roden
announced
v
on
Alvin G. Brush, Chairman of the .board of directors, vThe
is another step in the carefully-planned integration of the various
March
move
6
by
£
recently by the corporation..
/
companies—Harold H. Clapp, Inc.; G, Washington Coffee :
companies acquired
Three
food
Refining Co.
and
Duff
P.
Inc.—Will be included in the new
Clapp. company,._ of .which Mr.
& Sons,
Mr,- Brushy .explained......Thq
..
.•
■
■
_
American Home;.
Products Corp. in 1939.
The G. Washington company was required in<
May, 1943.
Negotiations for the acquisition by the corporation of
has
Duff
P.
Sons
&
II,
of
exchange
an
of
food
new
a
1933,
completed
were
with
Formation
since
President
been
summated
was
acquired by
in January and have just been con¬
capital shares.
as
American Home*
company—known
a
charter granted by the State of New York, was
by Mr. Brush.
American Home Foods, Inc., may.,
corporate name and administrative body of the new food
pome future date.
Officers of the new food company are: 4
Inc.—with
announced
the
at
Roden, .President; R. B. Thomas, Clarence Mark, William H. Duff,
Waiter F. Silbersack, Vice-Presidents, and Herbert E. Carries,
and
Offices will be located at 22 East 40th St.,
Secretary and Treasurer.
York, N. Y.
New
The American
In
which
Brush
-
will have six operating divisions
Products Corp.
Home
subsidiary companies will be grouped, Mr.
In addition to food, the operating divisions arc:
foreign;
of
all
said.
varied
the
pharmaceutical,
biological,
and
nutritional
vitamin;
.
household prod¬
packaged drugs.
division of the corporation will offer the public
lines
of
products in the food field.
The Clapp
company manufactures 17 strained foods for infants, 15 junior foods.',.
for
the
growing child and two pre-cooked cereals.
The principal,
product of the G. Washington company is a soluble powdered coffee.
cosmetics,
ucts;
The
:-
The
and
food
new
several
diversified
Duff
#
is
company
leading
a
of
manufacturer
baking
mixes,—
V, 159, p. 930.
directors on
Feb.
23
action
took no
on
a
dividend
on
the com¬
value, which ordinarily would have become pay¬
1944.
Distributions of 10 cents each were made
on March
30, June 30, Sept-, 30 and Dec. 30, last year, and in each
'quarter during 1942.—V. 158, p. 2462.
.f" i.
stock
of $1
about
March 30,
par
Dec.
Dec.
31,
The
livery
31,
1943....:
'
A.C.F. Motors Co
1943.
unfilled
of
orders of The
which
is
restricted
by
the
War
1
include orders the de¬
Production Board in the
vY-'-'/ T
Active consideration of a plan for integrating the activities of the
underlying companies with The Brill Corp. has been resumed, but it
is in the preliminary stage and an estimate can not be presented at
this time as to when a definitive plan will be ready for presentation
to shareholders.
In the opinion of the management progress-is being
made and the intention is that a plan will be submitted just as soon
.amount
$7,324,548.
conditions
as
;
of
warrant.
■/':/
/
<
Consolidated
■
Z
American Can Co.—Large
Beer
-■
of the various companies has not yet been
therefore the income figures referred to in the following
are inclusive of estimates for taxes which have not been reviewed by
the auditors.
Also, as above indicated, -renegotiation of sales to the
Government in 1943 by Hall-Scott Motor Car Co., a wholly-owned sub¬
sidiary, has not-been completed,
Provision for the effect of such re¬
negotiation-has .been made according to the estimate of the manage-'
releasing
It
is estimated
that
-
for
Calendar Years
1941
1942
.
,
*
duty, according to W. C. Stolk, Vice-President.
will require a billion cans from
the Government
industry this year for overseas' shipments of beer.
While this is
equal to. the i number used by the entire country in the peak
before wartime metal restrictions suspended canned ber for civil¬
ian us, Mr. Stolk said, ^considerably less tin will be required than would
the
1940
/
.:
$5,065,209
$5,770,886
2,911,070
1,944,224
1,830,205
' $8,347,160
$6,907,572
1,549,899
$7,601,091
$7,957, 160
565,977
1,711,827
1,377, 586
*1,482,369
'
—
income
Total
$4,963,348
1,681,659
income
$5,436,090
charges.:!
-
Adm.
<te
gen.
U.
&
etc._
taxes
Deprec.,
deple.,
& write-down
1,213,830
for
Pfd.
10. 484
Cr2, 675
$3,135,495
398.220
1,836,877
$3,689,956
399,120
2,143,108
$900,398
$2.24
$1,147,818
$2.69
______
_—___
500,000
398,220
profit
$2,624,477
398,220
1,836,877
1,836,877
$824,314
$2.17
$389,380
$3,059,411
_
divs.
divs.
Common
Surplus
tEarns. per share
-
*No
quired,
1,632, 782
163,313
jDr5,325
post-war con¬
tingencies
Net
1,150,499
944,893
234,956
Drl0,978
\ \ 847,110
taxes
Prov.
.
194,675
plan
annuity
Other
1,434,632 <; 1,249,027
amort.
of inv,- '
Contingent res. _______
270,454
Minority interest
Dr3,559,411
Payts. und.
retirement
deduction
for
from
United
income
States
excess
$1.82
"made,
profits tax.
has been
-
is believed to be re¬
tOn 1,224,585 no par
or
shares of common stock,
Consolidated Balance Sheet, Dec. 31, 1943
'
nearly
year
haverbeen necessary-for
the
same
number of cans before the war.
Assets—Cash,
counts
$12,805,334;
receivable,
$6,930,328;
$7,420,804;
U. S. Govt, securities, $11,650,000; ac¬
inventories (less reserves of $453,306),
advances against ores, smelting materials, etc.,
•
2,891,951 !
foreign income
S.
exp„
Government Order—
production lines of this company were today being readied
minute under the new WPB order
metal for canned beer required by the Army overseas and
rate of over 300 cans per
the Navy on off-shore
Account
J943
before
can
a
Income
'
Profit
r.
.[See also The Brill Corp. below].—V. 155, p..1826.
to roll at
(& Subs.)—Annual Report
American Metal Co., Ltd.
$1,567,943 $21,757,311
2,027,522
17,575,605
1943
-
at
the
it appropriate'to present to shareholders tenta¬
for 1943, preliminary information with respect thereto
being now available from the accounts of the respective companies.'
Included is a report of the effect of the results of 1942 renegotiation.
$254,724
$0.90
''
7,424,548 18,055,626
Inter-company transactions are excluded from the foregoing net
sales billed,
and included in orders booked and unfilled orders at
figures
The audit of the accounts
'
/
Division—•
compared with net
■
management has felt
completed;
in
booked
Unfilled
Co.—Preliminary
is
—A-
1942
$1,183,973
589,432
275,000
for
Hall-Scott
sales billed
orders
in a letter to the stockholders, dated
1942
1943
$730,272
475,547
.....—__
share..!
income,
declared
Other
basis in the form of consolidated
examination by the auditors ap¬
pointed by the stockholders.
These reports are not normally com-,
pleted and distributed until a short time prior to the annual meeting
in May.
This year, however, in view of the probable substantial ef¬
fect of renegotiation upon the-1943 results of Hall-Scott Motor Car
of
as
A.C.F, Motors Motor Car
practice in the past to issue reports to shareholders
effect
.'•
•>
provision
dends
$235,821 in 1942,
,
at yearly intervals and on aft annual
financial statements only/ after the
drastic
;
.
by the subsidiary, The A.C.F. Motors, Company,
■
Hardy, President,
1
common
able
a
Earnings, for 1943;—
J.
'•
contingencies.*..-...._—__
mon
^he directors have declared an extra dividend of 10 cents per share
and
the regular quarterly
dividend of 25 cents per share on the
common stock, both payable-March 31 to holders of record March 17.
Extras were paid in 1943 as follows:
June 30 and Sept. 30, 15 cents
each, and Dec. 28, 50 cents,—V. 159, p. 833.
American
'
....
.taxes.^ AA-A-4 A.
Federal
American Insulator Corp., New Freedom, Pa.—Omits
1
Distribution—
divi¬
a
$56,450; provision for doubtful accounts receivable, $13,200;
for; reserve for depreciation, $53,409; miscellaneous, $1,083;
The
based on 1942
immediately after renegotiation for 1942 was
,
the
...1055
—1055
of
Co.—Earnings—
Distilling
charges
for
sales,
dividend of 25 cents per share
American Brake Shoe Co.—Extra
if
——,__1079
—1055
Transactions N. Y. Curb Exchange
April 3, 1942,
explained that the Feb. 23, 1944, payment was
was
546.
tive
System.^—
Reserve
Federal
Transactions N. Y. Stock Exchange
completed.
The March 31, 1944, payment is based on 1943 business,
although renegotiation for last year has not been completed.—V. 159,
Co.
...
capital stock, payable March 31 to holders of record
A similar distribution was made on Feb. 23, last, the first
17.
Charles
Reserve
•
par
business and was declared
p.
1080
Foreign Exchange Rates
the declaration
provision
on
Mr.
Redemption Calls &
omit
to
355.
p.
Total
division
Investment News.1033
Offerings and Sales. ..1083
Sinking Fund Notices.1074
and Payable
—..1074
Clearings....
_.__1072
General Corporation and
and
The directors on March
voted
7
par
general expense,
become
Miscellaneous Features
stock to meet.',
sinking fund debentures, due in 1952, the company's only funded debt
except a $75,000,000 V-Loan, credit arranged recently with a group
of banks.
The remainder of the proceeds will be used to supplement
capital
and
Foods,
shares,
eliminates break¬
The detailed figures for
follow:
r1071
...
conversion
working
on
after
Roden
as
soon
2,750,000
March
on
$10
158,
division,
Exchanger.
Over-the-Counter Markets
company now
.
.1068
—.1068
■
common stock at the present time because of
high taxes in 1943. Distributions of 25 cents each
this issue on April 1, July 1, Sept, 30 and Dec. 28, last
the
made
also
stock
common
Montreal
;—__
Exchange
Stock
Stock Exchange.1068
Montreal Stock
requirements of the preferred stock. Is proposed. The <
has. outstanding 1,776,092 common shares.
0:T'VOAO
Part of the proceeds from the new preferred stock,
if authorized,
will be used to retire the outstanding $15,000,000 of 4%
convertible
the
Angeles Stock Lxchange..^..—___AA1067
St. Louis
will be held on March 30 to vote
.'..^.1067
*
Philadelphia Stock Exchange
Preferred
proposal of directors to create 300,000 shares of $100 par value
convertible preferred stock.
The certificate of incorporation now does
not provide for a preferred
stock issue.
The directors have proposed an offering to the stockholders of one
Share of the new preferred for each six common shares held, which
will result in total outstanding preferred stock of $29,601,500.
If the
preferred
Exchange.
Stock
Cleveland
Los
a
practicable
....1066
——_A--1067
Detroit Stock Exchange
OA •'! '
-A
_____1065
—...1065
Exchange
Cincinnati Stock Exchange—A—
Commerce
Pittsburgh
special meeting of stockholders
directors
on
were
Chicago Stock Exchange...—___—______1066
and because of the
Interstate
its
Pi".'
Stock
Boston
Exchange—•____
Stock
Baltimore
—1056
_____1060
(Bonds).
Exchange..—
Curb
York
•
•
earnings and
profit
Earnings per
AA; AAt/A Pa&e
(Stocks
____1045
O •A :
New York Stock Exchange
Issue—,
An
low
Reserve-for
Stock and Bond Quotations
that
tentatively
•
American Crystal Sugar Co.—Omits Dividend—
The
Net
•
'
'
„
Provision
III This Issue
of
instance,
Quarter Ended Dec, 31-—
A"
made
be
the cans will
since canned beer requires only half as much shipping space,
measure,
Net
investigation of control of that com¬
pany, the New York Chicago & St. Louis, and the Pere Marquette Ry.
by the Alleghanv Corp. from ■MArdv;T<> until May 16.—V. 159, p; 929. ,";
Commission: has
A
approximated $350,214.
''
-
this
in
year.—-V,
Alleghany Corp.—Inquiry Postponed—
on
1943
that
is
needed materials were released for beer can manu¬
Mr. Stollc said, as a shipping conservation
other
and
American
♦
At the request of the Chesapeake & Ohio Ry. Co.
,
for
income
stated,
weighs only three-fourths as jnuch as bottled beer and
age.—V. 159, p. 929.
'
dend
the manufacturing subsidiary, Hall-Scott Mo¬
Co., continued to be actively engaged in The manufacture of
Car
holders, pending the final audit of The corporation's income tax return
for that year (1943).'
• - - ' ►
*
>
1
)>
"Non-taxable dividends received should be applied in reduction of
the cost or other tax basis of the stock with respect to which the
illness
Steel
is
A During the year 1943
he
this,
industry,
facture
Non-Taxable—
1944,
'On
net
information
for
reason
tinplate, development of which, with its application to
manufacture,. was a joint wartime accomplishment of the steel
can
for
foregoing
the
to
Gillies, President, in a notice to the stockholders,"said:
"During the year 1943 this company paid dividends to its stock- '
holders as follows:
June 29, 1943, 15 cents per commcn share; Dec. 29,
1943, 35 cents per common share,
;T-r'
"We are in receipt of a letter from the Treasury Department, dated i
18,
The
electro-lytic
M.
George
Feb.
other purposes.
qualifications, preliminary
specifically, ear-marked
Subject
shares
Adams Express Co.—Dividends
Copy
a
MISCELLANEOUS
-
application of that-portion of the provision for-contingencies in 1942
not
right to buy one new share of stock at $45
the
eight
have the effect of reducing the increase to the consolidated sur¬
plus for 1942 net income by approximately $988,000—from $1,427,195,
as
reported prior To renegotiation, to approximately $439,136 after
held.
Rights expired March 1.
The stock closed March 7 on the New York Stock Exchange at 54 Va. . <• •
Net proceeds from the sale, amounting to more than $4,000,000, were ,
added to the company's general funds with a view to their eventual'
employment in carrying out post-war expansion plans.—V. 159, p. 833.
share
the renegotiation of the 1942 trans-/■> ':.• A'' /OO-:
"AAAAA.AOO'v: A :A- 'A
/ -Regarding the. 1942 transactions, for the reasons stated in the annual
report for that year, no provision was made in the statements at that
time for The renegotiation of war contracts.
The adjustment resulting
from the renegotiation of such transactions by Hall-Scott Motor Car
Co., if consolidated with the results of the other companies for 1942,
would
it
Stockholders received
INSURANCE
-
actions.
mon
per
INDUSTRIAL
-
ment of that company based upon
■
94,439 shares of common stock
of the
97%
Cents
60
Corporation and Investment Mews
Subscribed—
Stock
Laboratories—Common
Abbott
More than
Price
York, N. Y.; Monday, March 13, 1944
PUBLIC UTILITY
-
Office
$1,097,958;
$24,988,711),
.:
total, $81,559,931.
$10,851,507;
accrued
accounts payable and
payable,- $89,599;
Liabilities—Drafts
$7,822,672; payable \o unconsolidated subsidiaries, $1,408,991; deposits of officers, employees, etc., $2,994,791; provision for
and
foreign income taxes,
$1,828,022; unearned treatment
freight differentials, etc;, on metals in process, including metals
treated
on
a
toll basis for others, $2,651,014;
reserves, $7,514,759;
minority interest in subsidiary companies, $247,583; 6%
preferred stock ($'00 par), $6,637,000;. common stock
no
liabilities,
U.S.
charges,
being
_
Machinery Co.—New Vice-Pres.—
been appointed Vice-President in charge
of all sales of this company.
He has served as manager of the organi¬
sation's eastern division, with headquarters in New York, since 1929
and Joined the company as a member of the general sales department
American Laundry
McB.
James
The corporation has received from the Defense Plant Corp. contracts
provide equipment at a plant in Lewistcwn, Pa., at a cost of ap¬
proximately $4,000,000; equipment at a plant in Marcus Hook, Pa.,
at a cost of approximately $750,000 and equipment at a plant in Parkorsburg, W. Va., at a cost of approximately $2,250,000.—V. 159, p. 346.
Co.—25-Cent Common
American Locomotive
payable
■
since Sept. 30, 1931
payment on this issue
paid.—V. 159, p. 834.
first
when 25 cents was
Co.—Sales Reach New Peak—
At the annual meeting held on March 8, the stockholders were told
by M. A. Morrissey, President, that 1943 proved one of the most diffi¬
cult years in the company's 80-year history, because of the tight sup¬
American News
he declared,
reached
This
together,
situation and the problems of manpower.
However,
reached a new peak of $131,385,590, while net profit also
top despite provision for Federal taxes totaling $6,664,000.
was more than taxes amounted to in the past 14 years put
it was stated.—V* 158, p. 1030.
ply
sales
new
a
the output of 80,665,600
159, p. 930.
Co.—Earnings—1943
Net sales
199,266,466 180.978,867
6,098,074
7,780,988
„—$1.42
$2.01
—
—
Consolidated
income.
net
Earnings per common
share
—
,
.—
,
159, p. 729.
—V.
Consolidated
Co.—Annual Report—
:
U
*
•,
1
$
gen.
and
Divs.
income..
int.
Total
3,616,766
etc.—
and exps._
losses
Other
and
State'franchise
;
i\'
•
cash
14,566,458
3,161,982
20*379*122
surplus—
4,805,760
4,611,352
342,756
2,437,389
6%
Common dividends,
Balance,
Shrs;
23,883,860
3,161,982
4,481,987
4,528,695
4,528,692
Earns, per shr. on com.
■
$4.28
$4.58 J
$5.55
♦After post-war refund of $1,860,000, and debt retirement credit of
$198,500. tlncludes capital stock taxes. (Of investment in and accounts
receivable from wholly-owned subsidiary located in France.
§The 1943
and 1942 consolidated income statements do not include the accounts
of American Tobacco Co. of of the Orient, Inc., a wholly owned sub¬
sidiary. jAfter post-war refund of $2,146,000.
,r
'
Consolidated Balance Sheet, Dec. 11
$25)
4,481,995
•
$4.32
-
1942
1943
$
$
20,978.538 23,043.362
236,167,931 229,355,104
'Assets—
♦Real
machinery, fixtures, etc.—
mfd. stock, operating supp., etc.—
estate,
Leaf tobacco,
Cash'
12,534,327
---__
S.
U.
Mortgages,
Accounts
Other
7,861,775
2,571,226
28,693,429
tax savings notes
Treasury
notes receiv., insur. deposits *etc.__
receivable—.
—
stockholders'
Investments of partly
settlement of
from
arising
action
receivable
10,747,568
7,511,250
2,776,545
27,113,783
921,647
580,566
accounts* receivable-———
Amount
81,818
owned domestic and wholly
15,838,746
2,058,222
15,951,746
refund of Fed. exc. profits taxes
Prepaid expenses and deferred charges
Accounts receivable from subsidiary companies
Accounts rec. from wholly-owned foreign subs.
3,876,500
3,329,623
1,860,000
2,972,292
675,878
282,653
1,270,398
trademarks, goodwill, etc—
54,099,431
54,099,431
Est.
Total
,
390,536
par)—)
Common
($25 par)
;
debentures due April
3#
15,
52, 699,700
40,242,400
78,354,800
_
40, 242,400
78, 354,600
95,350
95,350
831,250
831,250
97,045,000 100, 000,000
16,000,000
10, 000,000
bonds maturing Oct. 1, 1944—,
bonds maturing Aug. 1, 1951—-———
20-year
380,565,775
52,699,700
L
il.
stock B ($25 par)—
stock
Common
591
2,416,120
t
stock ($100
Preferred
'
—
Liabilities—
4%
——
post-war
Brands,
6%
-
-—-
—
1962
payable to bank
———
ctfs. not yet presented
v
Preferred dividend declared
:
•
—790,496
Accrued interest
;
621,816
Notes
payable
Accounts
payable
Provision
for
-■;
—
to
subsidiary
advertising,
Minority
Deferred
taxes,
income
Surplus
etc
242.629
42, 360,178
1, 063.886
212 368
201,526
66, 570,109
——_I>rlS,177,987Drl8, 177,987
Total
♦After
644,613
—71,336)555
'
;
__
390,536,591 380,565,775
depreciation of $20,508,951 in 1942 and $21,482,059 in 1943.
New Director—
to
L.
succeed
Hilyard,
the
Assistant Treasurer, has
late Tullis
T.
Harkrader.—V.
been 'elected
159, p.
a
director
for
and
mon
Stock—
Counsel
for
the
Public
Utilities
Division
of
the
change Commission recommended March 7 that the
■
$4,149;
Securities
and
Ex¬
corporation be re-
fund
3,766,285
2,436
for
purchased
6,596
——-
—
taxes-.
.
.
profits taxes
tFederal excess
Other
for taxes"
income
taxes
:
dividends
Common
Com.
17,909,964
6,537,209
J940.587
2,984,994
10,010,623
2,984,094
$3.58
$6.31
$9.35
7,677,419
share
Earnings per
reflect
to
deducting
+After
$70,000 for *1942;.
and
--------- —
Consolidated Balance Sheet, Dec. 31
1942
for
income
v
„
75,104,000
145,441,875
23,412,657
890,625
2,436,070
96,465,612
34,922,015
988,333
40,144,662
v
agencies under contracts other
for facilities (net)
'
than those
Accounts'& notes receivable (net)
1
Accrd. int. & other m iscel. accts. receiv.
und.
expends,
Unreimbursed
contracts
_
;
from
48,745
1—- -..—__—^ _
—
Invests, in cap. stks.
consolidated
■
of & advs. to subs, not
this country for the production in
miscellaneous containers and other
sheet metal
and in December, 1943, as a first
step in the complete liquidation of Atlas Steel Barrel Corp., Bethlehem ;;
Steel Co. (Pa.) acquired the plant and equipment of that corporation
located at Bayonne, N. J.
In January, 1944, corporation acquired the
remaining assets of Atlas Steel Barrel Corp. on its final liquidation.' •
In December, 1943, the facilities which had been or were being con¬
structed at certain of the steel plants of corporation under the con- i
tracts with Defense Plant Corporation were purchased by Bethlehem
Steel Co. (Pa.) in the exercise of options of purchase granted to it
in various parts of
of steel drums and
fabricated products;
advs. to ore min-
ing corporations (50% or less
Sundry securities
5,659,176
*
"
Yard, all the coal
,
(Del.)
- '
, %J"
properties owned by cor-,
2,554,312
1943.
A-,..
•
;
,
J
the year was very largely engaged in helping
requirements of the United States Government for
Corporation throughout
the
meet
many
been
under
delayed
due to war
normal conditions it
conditions and for the completion
is estimated that three years will
view
of
the
expenditures
made
for additions
and improvements
1743 Bethlehem Steel Corp., on Jan. 6, 1944, borrowed
of banks $30,000,090, of which $15,000,000 will become
due on Jan. 15, 1945, and $15,000,000 will become due on Jan. 15, 1946,
but at the option of the corporation mav be paid at any time after
a
15,
group
1945, at the face amount thereof and accrued interest.
that of the capital expenditures aggregating $151,361,-
is expected
701497,171
(trade).—
received on sales contracts
;
.
'
.
24,160,293
25,636,169:
Payrolls
Interest
.175,316,010
renegotiation-—————_
Taxes and
Other
,lor taxes coll.
others
•
183,294,568
2,033,570
4,437,229
•"
from-employees
• -
30,615,660
3,750,000
1,841,749
2,217,075
32,125,651
2,890,000
1,755,643
1,537,503
2,314,091
10,592,013
——
aggregate billings-——
(Excess of
,
2,014,457
6,264,131
—
—
'
Amounts pay.
and
56,937,212.
.708,304
1,000,578 \
*
within 1 year— v
mining corporations.. —'
& sinking' fund instals. payable
Funded debt
within
Corporation in
carriers, J
cruisers, destroyers and other types of fighting craft, a large number
of Liberty ships and other cargo vessels.
In addition, its ship repair
yards converted, repaired or serviced 7,726 vessels.
v.;;. ./■
The expenditures by corporation for additions and improvements to
properties and acquisitions of properties during 1943, including the •■facilities purchased from Defense'Plan Corporation, amounted to $48,332,283.
The estimated cost of .completing the construction authorized
and in progress as of Dec. 31, 1943, is $41,500,000.
That amount in¬
cludes $26,300,000 for the development of certain iron ore properties
and transportation facilities for use in connection therewith, work on
has
vr-
.
Special incentive compensation fund-——,.
Indebtedness
to subs,
not consol. and ore
of corporation published prior to the war.
completed and .delivered .380 ships,, including aircraft
required.
1,044,869,730 1,005,646,523
—_
.
Accident comp. & pens. pay.
ircn and steel
which
15,229,200
Liabilities—-
liabilities—
10,920,000
14,256,450
21,560,918
vessels
for replacem't of
Total
Advance paymts.
2,523,875
3,940,186,
—■
profits taxes (est.)_
refund of exc.
•Funds and. ins. rec.
--
and located in the vicinities of Heilwood and Slickville, Pa., ;
and part of the coal properties owned by corporation and located in ;
vicinity of Morgantown, W. Va., were sold during the year. The total v
price received for such properties was substantially less than their
■■
net book value and the difference ($4,777,695) was charged to income
,2,765,309
sale of bonds-
cies at cost
poration
442,114,833
with Fed. & State agen¬
Securities on depos.
Accrued
3,158,425
431,381,432
Discount & commissions on
Accounts payab'e
4,261,614
4,008,580,
owned)-—
♦Property accounts
times
Post-war
1,832,720
1,991,043;
*
'
plants
contracts.
20,568,645
168,043,705
director
a
Inventories
''Invests.; in cap. stks. of &
..
4,418,762
142,434,084
—/
agencies
Due
normal
Wilmington
562,853
for
facilities for accL of U, S. Govt, depts. of ;
?■..
several
in such
$
2,282,000
.
97,020,343
110,395,464
in banks--
at cost
Other U, S, Govt, obligations at cost
Deposits with mtge, trustees & other depos.
for payt. or rederapt. of bonds & stock—.
Accounts receiv. from U. S. Govt, depis. or
1943
■
116,771,725
U. S. Treasury tax notes
1943, corporation purchased 230,000 shares of the
stock of Rheem 'Manufacturing Co., which owns and operates
common
It
;
$
'Assets—-''
Cash, demand and time deposits
Corp.—Annual Report—
the 1943 report follow;
net
ship repairs.
In
November,
Jan.
;3,984.994
renegotiation and/or to revise taxes based on
post-war refund of $10,800,000 for 1943 and
910,920,000 for .1942 and debt retirement credit of $660,000 for 1943
♦Adjusted
income.
was $32,124,592 as compared with
Net income for 1943 was equivalent to
$8.58 per share on the 2,984,994 shares of common :stack'Outstanding
after preferred dividends, as compared with $0.31 per share for 1942 on
same number of shares of common stock.
The
estimated net billed value of products, shipped and of other
classes of business done by corporation during the year 1943 is $1,902,819,720, as compared with $1,495,672,299 during the preceding year.
The estimated net amount of business booked during the year aggre¬
gated $1,617,000,000, as compared with $2,562,700,000 during 1942. The
estimated net billing value of the unfilled orders on hand Dec. 31,
1943, amounted to $2,109,000,000, as compared with $2,394,500,000 on
Dec. 31,
1942.
Of such estimated net billing value of unfilled orders
on hand
Dec. 31, 1943, $1,760,000,000 was for ship construction and
from
34,457,796
6,537,203
17,909,964
25,387,760
:
stock outstandg... '
Surplus
shares of
4,000,000
6,537,209
17,909,964
dividends
58,000.000
2,800,000
115,980,000
32.124,592
Net. income
Preferred
165,367,760 119,757,796
20,000,000
24,500,000
161,724,592
16,600,000,
106,000,000
7,000,000
1943
Estimated
be
5,000
in the net inc.
before prov.
inc.
based on
$25,387,760 for preceding year.
1943
338,688
stock of
on
Co.
bds.
011
sinking
Net
Hotal, $7,692,541.
Bethlehem Steel
to
90,473
84,678
equal to 4%
Federal income
'■"
in
247,054
47,441
1526.
The
5,282,346
225,136
210,997
579,377
SO, 1943
Atlas-Thornbuig Diesel Engines, Inc. (less
$34,470; Diesel patents, $1; employees' ac¬
taken over from
amortization of $15,225),
engines
5,216,060
,
of Johnstown .Water Co
$2,552,854; obligations of the
to properties in
American Utilities Service Corp.- -SEC Defends Corn-
-
commis-
&
interest
Premium
(less provision for depreciation, $930,601 ), $695,154; credit
post-war refund of excess-profits tax, $193,904; prepaid expenses
deferred charges, $149,061; development expense of Atlas-Lanova
In
634.
1,009,198
174,707.360 125,723,793
167,410,280
4,888,718
equipment
of
^
Harry
124,714,595
2,037,754
4,777,695
bonds
of
Minority interest
and of the Dominion
which
/
—
$227,941
75,041
reports
4, 544,530
1,070,209
i———„
—
——
$475,968
640.284
45,163,294
—.
-
—
Treasury stock
3,406)729
companies——
interest
——.
790.495
;;"'
172,669,606
discount
sale
on
Rental
products, ordnance and ships.
In view of the importance
of avoiding a disclosure of information which might be used against
our country,
details are not set forth at length in this report as to
the participation of corporation in the national war program; nor is
information set forth herein such as has been included in annual
6,824
Scrip and conv. div,
Accounts
Other
of Canada, $536,631; notes receivable, $23,159; accounts receivable (per contra), $608,869; inventories, priced at ■
lower
ol
cost or market, $2,894,288;
operating plant, property and
1,432,457
foreign subsidiaries—
investments
:
owned
Other
$294,431
66,490
$415,544
54,121
Extracts from
outstdg.
common
(par
.
Liabilities-ANotes payable to banks under Regulation V Loan (less •■.■
due under war production contracts assigned and cash in
special loan account, $1,318,378), $481,622; accounts payable, deposits
received, accruals, etc., $1,640,350; provision for income and excessprofits taxes of current year, $2,112,960; provision for renegotiation
refunds, $64,000; reserves for Canadian exchange loss, contingencies,
etc., $94,329; capital stock (350,000 shares, $5 par), $902,025; capital
surplus, $659,065; earned surplus, $1,738,170; total, $7,692,541.—V. 158,
22,534,201
3,161,982
14,566,459
dividends,
Pref.
$863,062
387,094
sions
amounts
186~232
164,073,573
-
income—
Cambria Iron
banks and on hand,
20,314,106
funded debt
on
of
Amort,
64,000
in
550,000
21,805,025
income
Interest
of
Consolidated Balance Sheet, Nov;
125,000
22,525,428
other
income
Total
—
—$3,471,362
dividends
153,344
Assets—Cash
U. S.
28,311,783
3,161,982
22,712,411
income————
$1,382,513
966,969
9,457,899
125,000
—
operating
Other
75,563
27,813
■
—
income
Common
p.
Net
—.
75,928
$3,587,043
51,681
10,966,835
re¬
.
9,200,508
11,430,981
8,945,162
22.339,793
'
refund
92,942
29,130
105,365
Net
counts,
353,595
—
$397,807
.
10,796,669
4,000,000
de¬
a
accounts
sale of fixed assets
Loss on
1,534,702
1,328,031
412,745
possible
for
loss—
war
taxes.'—
bef.
for
Net
250,000
inv.
other
(Provision
$985,134
for income
$
73,797
78,406
69,126
42,500,995
1,524,394
Adj. applic. to prior yrs.
interest—
Reduction
in
value of
$328,681
51,052
_
13,653,175
.
taxes—.
administrative &
general expenses —
1,637,668
1,986,222
13,227.000
12,936,000
tFederal income taxes.;.
Fed. exc. proiits taxes- U 13,314,000 918,526,500
2,131,171
Minority
$934,082
60,927
paid
23,237,258
&
notes
ceivable
39,797,882
2,093,208
609,905
603,507
421,42 1
.
,
$1,426,951
profits
1940
•
in¬
taxes——
come
Interest
1,052,364
26,839,631
plan)
corp.'s
Selling,
50,321,787
1,608,707
2,815,409
62,573,070.
1,966,282
3,787,375
1,941,047
Interest, discount,
$
'
470,404
127,132
42,604
500)431
3,500,000
Doubtful
47,518,853
2,302,249
500,685
1,475,495
89,355
63,514,011
income
Depreciation
,*.V
61,008,220
233,367
Other income--———
V,
586,472
& amort
Deprec.
381,143,984 289,419,812 245,954,996
62,002,011
1,278,634
profit—„^
Operating
t
442,152,203 336,938,665 285,752,878
etc.— 529,422,104
of
sales,
selling*
and admin. exps._ 467,420,093
Sales, less discts.,
Cost
$
t.'
.
3,224,468
659,478
$1,487,878-
4,100~000
—
(the
retirement
road
$2,824,759
2,025,674
$3,732,707
Provision
1941
§1942
§1943
'
$4,745,022
income
5,520,000
*
i
—
ducted below)
47,289
Provision
domestic subsidiaries)
(including wholly-owned
•
,
Total
4,130,000
15,000,000
invent.
All other taxes (except taxes
$3,685,418
—
24,104,707
12,950,000
2,800,000
in
Unemploym't, old age and rail¬
1940
1941
.1942
$7,710,894
5,624,465
admins
&
13,500,000
3,000,000
3,336,707
Contingencies
Subs.)—Earnings
813,267
sales—
Of
22,767,519
23,500,000
emergency
..Insurance
$14,132,289
10,633,604
sales
Net
Profit
for Calendar Years
Consolidated Income Account
.
Income Account
1943
Years End. Nov. 30—
23,662,894
val._
and
decreases
Poss.
Pension
Atlas Imperial Diesel Engine Co. (&
depletion
facils._
Depreciation
Amortization
81.
Miscellaneous
American Tobacco
Provision for—
their holdings in the Andrews Steel Co. and
its
subsidiaries,
including the Newport (Ky.) Rolling Mill Co., to
Charles H.-Stamm, who has been President of the Andrews Company
since last June.
Details of the transaction are not available.—V. 158,
p.
■
(excl. biH'gs between
incl. >
1, 902,819,720 1,495,672,299 961,240,737
of billings shown above—1. 604,418,830 1,221,780,675 742,813,891
billings
Cost
Stock Holdings-—
Andrews Steel Co.—Change in
Lehman Bros, have sold
other income
$
$
Calendar Years—
Net
corps,
Operating profit—
•
-<$
681.
p.
Cost
1.942
Board,
Production
War
1941
■'1942
1943
the
153,
is
Calendor Years
Statement for
Income
Vice-President—
chief of the steel casting section of
has ' been ' elected a Vice-President—V.
1941
since
Weaver,
L;
the rated capacity for the production of pig
with the result that the rated
1944,
1,
increased by 864,000 net tons,
was
for the production of pig iron and ferro-manganese
9,654,000 net tons.
.
American Wire Fabrics Corp.—New
B.
Selling
American, Rolling Mill
Effective Jan.
iron
annual capacity
Consolidated
Div.-—
declared a dividend of 25 cents per share on the
common stock, no par value, and the usual quarterly dividend of $1.75
per share on the Ti«: cumul. preferred stock, par $100, both
April 1 to holders of record March 17.
A distribution of 50 cents per
share was made on the common stock on Dec. 28, last, which was the
in 1942.
the week
of 3.80%
kwh. for the corresponding week of 1943.
March
over
directors have
The
$$£■;-
Inc.—Output-
output of the electric properties of this company for.
4, 1944, totaled 83,732,000 kwh., an increase
power
ended
—V.
158; p. 736.
Cincinnati in 1922.—V.
in
''\'y
?
(V/' ^
American Water & Electric Co.,
,">•
has
Garvey
Corp.—Contracts With' DPC—
to
$81,559,931.
total,
$12,263,725;
surplus*
shares); -$38,101,775;
159, p. 546.
Ella Jay Sturgell,
"be found to be:;.
inequitable" and that the Commission reject it unless the
company files within 30 days an amendment allocating
15 % of the
new common
stock, issued in place of outstanding preferred and com¬
mon shares, to holders of the present common stock, for which no pro¬
vision was made.—V. 159, p. 106.
j
and
unfair
American Viscose
cumulative
(1,224.585
par.
V.
years 1940-1943, inclusive, approxi¬
amortization for tax purposes. ;;.
of income in 1943 for amortizing the
cost of emergency facilities is $23,500,000.
It is estimated that, in
determining taxable net income for 1943, $14,500,000 will be allowed
as a deduction for amortizing the cost of emergency facilities. j," The aggregate amount paid or provided out of income for the year
1943 for taxes of corporation (not including that part of the estimated
amount that will be payable as excess profits taxes for 1943 in respect,
of which a post-war refund will be allowable and bonds of the United
States will be receivable) is $167,236,300.
Such aggregate amount in¬
cludes $26,839,631 for unemployment, old age and railroad retirement
taxes for 1943, as compared with $23,237,258 for 1942.1 Such aggregate
amount also includes $129,600,000 for Federal income and excess profits
taxes and other
taxes based on income.
The corporation estimates
that the amount of such post-war refund in respect of 1943 taxes is
$10,800,000, in determining which a debt retirement credit in the
;amount of $660,000 has been deducted.'
„
1
Operations of the steel plants of corporation for the year 1943 aver¬
aged 100.9% of their rated steel capacity, as compared with 98.0'%
the
in
corporation
The total amount provided out
,
and the
(less allow¬
plant and equipment
and amortization of
depletion
depreciation,
for
ances
$14,209,739;
subsidiaries,
solidated
Wisconsin Southern Gas Co.
The opinion, prepared by Harlow B. Lester,and
recommended that the plan filed by the company
by
mately $117,000,000, will be subject to
the -Minnesota
with
made
613
recapitalize on a single stock basis and sever its connections
Utilities Co., the Northwestern Illinois Utilities
quired to
prepaid expenses, $264,653; deferred accounts receivable, loans, claims,
etc., $281,314; investments in various mining and metallurgi¬
cal enterprises,
$16,048,293; investments in capital stocks of uncon¬
charges,
Monday, March 13, 1944
CHRONICLE
COMMERCIAL & FINANCIAL
THE
1034
Bonds
and
Preferred
Funded
year_____^_x.i_'—6,726,250
stock called
stock
Accident
payable after one year-.—_—
comp & pensions payable—r—
Contingent
Insurance
reserve.28,099,448
Common
644,802
162,171,365
4,577,890
13,099,448
9,500,000
9,500,000
93,388,700
|283,574,430
9,838,969
93,388,700
283,574,430
121,344,499
107,842,981
—
cumulative preferred
Stock
stock ($100 par)—
—
Surplus
f 6,500,000
' ; 1,634,302
reserves.j—9,557,804
reserve
Vessel replacement
7%
625,752
1,619,602
156,502,865
4,864,939
for redemption—
dividends payable-——
debt
—
Total
'
—
1,044,869,730 1,005,646,523
reserves in 1943, $453,497,013; 1942,
\ ;
.
" .
ship-construction and ship-repair contracts
with departments or agencies of the U. S.. Government over aggregate
costs incurred and profits taken under such contracts.
(Represented
by 2,984,994 shares, no par.—V. 159, p. 731.
♦After
.
one
deducting
depreciation
$413,165,768.
'
(Under
uncompleted
.
Associated Electric Co.—Petition
The
application for an exemption from
Denied—
the Securities and Exchange"
Volume
Statement
to Joseph B. Wilson, a non-affiliate, for approximately $1,950,000 has been denied by the Commission."'■■/■• /.
The Commission held compliance with the rule is not inappropriate
because Ohio-Midland's present securities are unsuitable, for public dis¬
tribution and said the advertisement for bids should contain a provision
that the securities are not offered for the purpose of public distribution
will
bid
no
accepted
be
depreciation
The
Profit and Loss
1
income
taxes,
Expenses,
building
For Year
Provision
Net
The
income
tax_
•_
March
week
leased
count,
Electric
Group
units, or 6.3%
8,392,325
ago,—V.
Corp. report for the
;
930.
159, p.
tenants
to
$12,829;
RR.-~Earnings—
$622,800
1943
$630,981
1942
$423,300
1941
$353,613
Net from railway......
146,318
209,540
88,598
59,797
29,456
82,867
29,878
6,691
from
Net ry.
—V.
1944
income
oper.
159, p. 931.
Baltimore & Ohio RR.—Pays $8,887,421 Back
•
Jas. A Dunn, President, reports in brief:
a
crude oil producer,
the company's
As
activities
are
confined
to
exploration for and production of crude oil, natural gas and casinghead gasoline, all, of which are vital war products.
During the year
,the company, therefore, found increasing opportunity for participation
In
the
production figures.
The company is not subject to any renegotiation of contracts
crude oil is an exempted product under Federal regulations.
effort,
war
evidenced
as
The company, having
enabled to increase its
The
$5,029,454
heretofore
cash
the
during
and
as
retired all of its funded debt, was
bonds from $1,777,986,
wells
equipment and
drilling
well
requirements,
program
to
New
wells
total
extensions
and
of
developed
old
fields
amounted
in the United States during th year, as reported,
of the oil produced.
Barnsdall, however, through
53.6%
to
the
over
excess
has added to its reserves a substantial
produced.
In other words, the company
research
and
development
amount
it
replaced the 8,982.445 barrels it produced during 1943.
the close of Barnsclall's 25th year as a publicly owned corporastockholders numbered 16,705.
To them goes the assurance that
has more than
At
lion.
unaided
V.
159.
principally
used
be
Virginia
fields
2.C00
in
tons
hauling heavy coal
East.
It is powerful
for
the
to
train
one
the
over
the B. & O.
trains
from
enough
to
Allegheny
the
haul
Mountains.—
931.
p.
^ i'•
.
A
.•
.«
1
f\
I
\
'■
)/
{■,
,
V-v '■
\ I V\":
■£.'
Realty Corp., a subsidiary, and declared operative by it
date of April 27, 1936, said corporation has deposited with the
certain funds amounting to $25,017.21,
to be used for the retirement of Ludwig Baumann & Cb. Warehouse,
trustee
designated in said plan
N. Y., first mortgage 6M>% serial bonds (modified).
plan of reorganization the Continental Bank &
York, as successor trustee, will until March 22, 1944,
Long Island City,
Pursuant
said
to
of New
Co.
Trust
proposals stating the bond numbers for;
the sale and delivery to it as such trustee on April 1, 1944, of bonds
of said issue in an amount sufficient to exhaust as nearly as may be
the funds available for the retirement of bonds as required by said
written
receive
o'clock,
3
Interest at the; rate of 6%
said bonds through March 31,. 1944.—
plan at not over par and accrued interest.
V.
will be
1127.
paid
annum
per
158, p.
on
•
/
every Barnsdall officer and employee is alert to the opportunities
lie ahead.
,.
Income1 Account for Calendar Years
that
Oakland.
and
Independent
of
tion
company
.
Oper. and gen.
Gross
Other
4,457,856
4,421,962
4,351,156
$9,370,017
3,990,446
$8,532,467
$6,704,005
$6,707,441
$5,379,571
exps
income
■
_—
18,938
89,966
139.850
contracts
1942
$6,793,971
$6,847,291
$5,521,321
85.104
85,104
229,824
274,133
1,340,843
1,411,094
954,792
973,410
1,302.297
1.175,634
593,002
1,009,883
510,787
—
affects
Brill
The
duction
stock
the
in
income
Interest
Depreciation
Lease purchases
1,110,8Q6
develop. costs—
Intang.
665,668
807,570
1,092,560
Profit
applic. to minor¬
ity interest
Non-recur.
profit from
Drl,815
JDrl4,10i
1,830
1.219
in 1943 includes ,.$1.14 per. share post-war refund
tax/:
share were declared in 1943, which was the same
in 1942.—V, 159, p. 931.
profits
excess
the
Net
profit...
.
(net)
stk. (par $5)_
Earnings per share..
—
Shs. cap.
Note—No
$3,602,764
1,771,797
2,223,579
$1.62
$2,193,471
1,349,370
2,251,017
$0.98
profits taxes under Revenue
$2,801,846
1,332,139
2,223,579
$1.26
provision is required for excess
.
$5,026,202
1,344,970
2,231,879
$2.25
Act of 1942.
Consolidated
Balance Sheet, Dec.
Cash
—
-
1942
$1,253,486
753,700
219,500
605,000
305,000
1,921,370
303,046
161,730
745,607
201,776
1,304,076
1,210,023
147,645
859,411
187,895
owned49,000
♦Plant and 'equipment
14,233,621
Oil and gas leaseholds, etc———.
1
Prepaid expenses, advances, etc.
;
_
160,493
49,000
14,139,303.
1
149,624
IT.
securities..———
tax notes
.——.——
Government
S.,
U. S. Treasury
Accounts
receivable
....—~~—
oil---.—-—*———
Inventories of oil products—:——.—__—____
Inventories of supplies, etc...
_____
Invests. In stocks, bonds & mtges. of other cos._
Barnsall Oil Co. stock held by subsidiary not
Inventories of crude
.
—
;
amount as
—
These
of
adjustments have
1942
consolidated
Corp. from $1,321,216
prosecution of the war,
the
on
such
manufacture
American
Car &
The
of
by The
product
Liabilities*—
Accounts
restrictions of
motor
A.C.F.
coaches
Motors
payable
Accrued
factory
manager
taxes
158, p. 2463.
surplus of subsidiary
not owned by Barnsdall Oil
Co.________
^Capital stock (par $5)—
______
and
stock
Capital
56,296
surplus
;
Earned surplus since Dec/ 31, 1940
Capital
—
—--
55.057
674,745
COS.
49,290
50,871
11,117,775
11,117.895
•Z 2,042,602
1,958,872
6,981,907
5,150,940
Foundry Motors Co.
•Less
in
1943.
reserve
of $22,649,174 in 1942 and $22,505,269
2,223,579 shares.—V. 159, p. 443.
for depreciation
tOutstanding
Borg-Warncr Corp.—Branches Into Canada—
division has just completed, arrangements for
complete line of Norge. products, it Is
by H. E. Blood, President of Norge.
Norge has contracted with Addison Industries, Ltd.,- of Toronto to
produce its refrigerators, washers, ranges, heating units and other
appliances in Canadian plants of the Toronto company for distribution
announced
Balfour
Building, Inc., San Francisco—Pays $1 Divi¬
Statement—
Feb. 29 paid a dividend of $1 per share to stock¬
holders of record Feb. 24.
A similar distribution was made in . each
quarter in 1943.
The company announced that part of the Feb. 29
dividend may be paid from reduction surplus.
:'Y/.>:%/:%//
The directors, in a letter to the stockholders, said In part as follows;
The current position of the company has materially improved since
a
year
ago,
as
evidenced particularly by the items of cash and
Government bonds appearing in the balance sheet.
Moreover, during
1943 an annual dividend rate of $4 per share has been continued and
The
company
on
balance of the debt incurred in con¬
new elevators
in 1940.
Currently the earnings of the property are at the rate of slightly
the
company
has
paid off
with
the
installation
nection
the
of
immediately after the war.
Norge line in Canada will be handled
Production in Canada will begin
in Canada.
distribution
National
the
of
by A. Cross & Co., Ltd., also of Toronto, which has branches through¬
Although Norge distributed its products in Canada before
out Canada.
the war,
p. 836.
they were made in American plants of the
sales
Orders
in
billed
,
,17,789,292
at
orders
Inter-company
sales
billed
31,
The
orders the
the
Dec.
31,
1943__
•;
•
Hall-Scott
Motor Car
are
included
orders
in
'2,027,522
7,424,548
<
17,223,736
transactions
and
excluded
orders
of
the
from
booked
17,575,605
18,055,626
foregoing
unfilled
and
,%^/% >•/■/:■;
/
1943.
unfilled
when
1943
booked
Unfilled
Dec.
Boards
sales of
Co.
/./■//" 'Co, :Co. '
$12,293,811
$1,567,943 $21,757,311
.
.
the
Motors
net
orders
at
..
The
A.C.F.
Motors
Co.
include
coach
motor
delivery of which is restricted by the War Production Board
of $7,324,548,
and which motor coaches will, if and
by the War Production Board, be built by The J. G.
amount
permitted
Co.
consideration
underlying
stage
of
estimate
an
plan
a
companies has
and
been
for
Integrating the activities of the
resumed,
be
not
can
but
presented
it
is
the
in
this
at
time
preliminary
when
to
as
definitive
plan will be ready for presentation to shareholders.
In
the opinion of the management progress is
being made and the inten¬
tion is that a plan will be submitted
just as soon as conditions wara
rant.—V. 157, p. 1805.
"
'
-
•
}t
«
'
C;
•
" ...l
■1
s
'v
,
t
William
has
Harold
filed
ment
Hitchcock, auditor appointed by the Supreme Court,
report
a
of
in
$1,086,764
that
Court
the
on
in
holders
which
of
he
33,689
recommends
policies
of
this
assess¬
an
company.
("Boston News Bureau.")
•
1943
Operating revenues
Operation
Maintenance
for
depreciation..
Amort, of
light oil plant
Amort,
of
inc.
1941
1940
104,124
103,128
51,181
50,862
60,819
1,185,000
990,000
830.000
//" 660,000
plant
adjust
gas
acquisition
Fed.
1942
$25,510,329 $24,948,753 $24,410,621 $24,268,625
13,164,465
13,121,762
12,469,263
11,926,976
1,617,308
1,731,936
1,558,834
1,606,953
1,546,325
1,540,746
1,726,743
1,794,172
ex-/
(no
taxes
tax pay.)
profits
..
„
.
taxes
3,554,596
3,484,135
3,457,928
3,527,994
$4,338,510
$4,265,807
$4,691,700
36,662
$3,977,046
Drl,962
Drl3,790
Dr55,253
$4,375,172
$3,975,084
$4,252,017
$4,636,456
debt_
2,460,000
2,477,694
2,496,800
2,497,900
deducts.
209,460
196,310
206,275
336,130
$1,705,712
$1,301,080
$1,548,942
$2.08
$1,802,425
$2.42
Operating income
Other
income
Int.
(net)—
income
______
long-term
on
Miscell.
___,
income
Net
income
oufcst,
$2.29
%
$1.75
Sheet, Dec. 31
company,—V. 159,
/•/;
utility
Total
investment
plant
92,994,037
:
and
fund accounts
___—;
1,998,299
(Expressed in United States currency)
Gross
Special
2,095~000
revenues unl)illed____
2,205,615
2,311,044
supplies_______
1,776.081
1,249,596
2,380.285
1,232,070
486,844
375,796
deposits
■
utility
Materials
and
deferred
debits
Total
Operating expenses
1943
$4,037,596
1,814,550
Liabilities—
♦Common
capital
Accounts
(bef.
earns,
deprec.
$2,344,529
amort.).
&
$2,223,046
732.
Charles
J.
Customers'
Federal
deposits
income
taxes
taxes
in a letter to
President,
the stockholders, dated
aecrued____
Other
Total
deferred
by
stockholders., These reports are not normally
a short time prior to the annual meet¬
the
completed and distributed until
ing
in
1942
Co.,
May.
of
This
tracts,
of
American
terested
to
is
to
present
be
shareholders tentative
to
Hall-Scott
as
&
the
of
of
Co,/
Car
Motor
Foundry
holder
and
audit
approximately 72.15%
the
a
wholly-owned
subsidiary
of
Motors Co. in which The Brill Corp. Is in¬
approximately 59.84% of outstanding pre¬
accounts
the
of
of the common stock.]
companies has not
various
yet
been
completed; therefore, the income figures referred to in the follow¬
ing are inclusive of estimates for taxes which have not been reviewed
by the auditors./ Also, as indicated-above, renegotiation of sales to the
Government
in
1943
Motor. Car Co.
owned
tion
and
has not been
as
to
The
by The Brill Corp.).
has
agements
been
of
of
Injuries and
Z
281,823
348,845
gas
,21.793
29,647
plant
329,030
334,503
25,068,148
J.
damages
23,568,373
459,290
1,167,164
1,077,437
surplus
2,341,850
1,167,124
in aid of construction
435,736
2,492,185
133,679
surplus
Earned
119,523
309,055
1,340,898
682,218
132,335
2,587,045
*745,364 no par shares.—V.
1,254,014
Z^_—_________ 114,791,424
Total
111,222,873
158,
p.' 1727.
Brown-Durrell Co.—Directorate Decreased—
the
At
reduced
annual
from
Buteux
not
the board of directors was
the vacancy caused by the death of H. C.
meeting held on March 7,
nine
being
to eight,
filled.
2344.
Other directors
were
re-elected.—V.
157, p.
-
*
Car &
Car
ferred stock
The
upon
the accounts of American Car & Foundry Motors
on
repeated, the management has felt it ap¬
figures for 1943. [See
Foundry Motors Co below, in which item may be
the effect of the results of 1942 renegotiation of the war con¬
consolidated,
American
noted
however, in view of the probable substantial
the 1943 results, if the drastic effect of
year,
renegotiation
renegotiation
propriate
281,460
credits
Capital
1,070,182
48.000,000
348,824
liabilities
current
-
.
the practice in the past to
appointed
accrued
accrued
Interest
Contributions
issue reports to shareholders
at yearly intervals and on an annual basis after the examination of
the consolidated financial statements has been completed by the audi¬
It has been
:
29,814,560
1,141,581
126,329
372,775
1,362,312
Employees' provident reserveRefrigerator parts replacement
Hardy,
Feb. 29, stated:
tors
29,814,560
48,000,000
stock__
debt
payable
Depreciation
159, p.
126,463
4,425,834
114,791,424 111,222-873
Long-term
Other
1944
$4,564,055
2,219,526
earnings from operation
Net
__
Prepayments
Total
3,707,623
1,756,367
2,956,000
213,655
3,411,135
Receivables
Accrued
$
92,634,434
1,934,325
5,743,792 /
_______________
notes___
Matured bond interest
Ltd.—Earnings
1942
1943
Assets—
Total
made
those
gotiation of the
J.
completed—both as to the Hall-Scott
Brill Co. (which Is almost wholly-
G.
Provision for the effect of such'renegotia¬
according to the estimate of the respective man¬
companies,' based upon the experience with rene¬
1942
transactions.
Butler
Brothers,
sales—
Combined
-V.
—J
sales——"——.
Retail
159, p.
Chicago.—February Sales—
1944—Month—1943
Period End. Feb.—
Wholesale
sales——
$7,856,560
$8,899,266
1944—2 Mos.—1943
$8,238,273 $14,634,902 $15,531,939
1,042,706
977,079
2,064,391
635.
Byrndun Corp.—Group Asks Proxies for
J.
K.
Newman,
letter
addressed
which
owns
for
the
1,901,472
$9,215,352 $16,699,293 $17,433,411
40%
election
Byrndun Corp.
Election—
Jr., President of Investment Associates, Inc., in a
on
March 6 to the stockholders of Byrndun Corp.,
of the shares of Hat Corp. of America, sought
of
a
new
board
of
directors
and
proxies
of
management
at its annual meeting which will be held on March 15.
25 Spruce St., New York 7, N. Y„ BEekman 3-3341. Herbert D. Seibert, Editor and Publisher;
Thursday (general news and advertising issue) with a statistical issue on Mondayl. Other
Representative; 1 Drapers' Gardens, London, E. C., England, c/o Edwards & Smith. Copyright
1944 by William B. Dana Company.
Reentered as second-class matter February 25, 1942, at the post office at New York, N. Y., under the Act of March 3, 1879. Subscriptions in United States and
Possessions, $26.00 per year; in Dominion of Canada, $27.50 per year; South and Central America, Spain, Mexico and Cuba, $29.50 per year; Great Britain, Continental Europe (except Spain), Asia,
Australia and Africa, $31.00 per year.
NOTE: .On account of the fluctuations in the rates of exchange, remittances for foreign subscriptions and advertisements must be made in New York funus.
"The
Commercial and Financial Chronicle (Reg. U. S. Patent Office) William B. Dana Company, Publishers,
Dana Seibert, President; William D. Riggs, Business Manager.
Published twice a week [every
135 S. La Salle St., Chicago 3, 111. (Telephone: State 0613), in charge of Fred H. Gray, Western
William
offices:
/
Broad Street Mutual Casualty Insurance Co.—Assess¬
ment—
.
Brazilian Traction, Light & Power Co.,
also
dend—Issues Annual
re¬
the
A.C.F.
UZ S. Treasury tax
The Corporation's Norge
effect
$22,806,097 $19,824,963
1
Total
a
to
renego¬
Production
course,
J. G. Brill
Cash
the manufacture in Canada of a
$816,583
1,169,454
—
—.
(State and Federali
of
wholly-owned subsidiary of
a
of
(The) Brill Corp.—Preliminary Earnings for 1943—
—
expenses
Accrued
effect
applicable
the War
affected, of
Co.,
Comparative Balance
the Columbus, O., Curtiss>Wright plant, has been elected President of Bellanca Aircraft Corp.,
succeeding J. H. Jouett who will devote his time to Higgins Aircraft,
Inc., in which he is Executive Vice-President.
C. E. Di Sabatino was
Vanderlipp,
P.
NZ
,
$1,388,767
the
income
reported prior to
(as
V
Earns, per share
$22,806,097 $19,824,963
—
—
.—
renegotia¬
figures has not yet
to approximately $682,000.
During the year of 1943 the manufacturing companies in which your
corporation is interested were actively engaged in operations as gen¬
erally described in the annual report for 1942 and at the meeting of
stockholders held May 7,
1943.
These operations were chiefly the
manufacturing of materials for the Government in connection with its
Bellanca Aircraft Corp.—New President—
-V.
.__1—Z——
Total
an¬
of
Dividends of $5 per
Month of January—
wholly
;
*
31
1943
$3,670,754
Assets-—
result
1943
\TreasUry notes, at cost
Dividends paid
the
the statements at that
The
consolidated
in
stated
reasons
made in
contracts.
tiation)
Gross
added to the Bellanca board—V.
0*2,515,997
leases
sale of W. Tex.
shares.
437,524
Corp.),
portion
of The Brill
Other
$2,634,680
$6.02
Note—The income
of
Total
$2,812,299
share-—.
$6.43
and taxes-
699,812
1,264,836
1,075,170
•On
the
upon
was
war
1942
1943
Years—
•Earnings per common
141,750
$8,551,405
income
Beech-Nut.Packing Co. (& Subs.)—Earnings—
Calendar
Net income after charges
provision
reported upon by the auditors.
However, as to The J: G. Brill
the net effect of the refund to -the Government less the adjust¬
ment in taxes amounted to approximately $48,000; and as to American
Car & Foundry Motors Co. approximately $988,000 (a
portion of which
cess
1940
1941
1942
1943
income-— $12,990,323 "$11,125,967 $11,058,597
oper.
209,568
$723,533
—
Co.,
-
Gross
transactions, for
no
renegotiation of
(approx.)
been
Prov.
manufactures and distributes ice cream
and other dairy products under the tradename of 'Eatmore."
H. E.
Nielsen, founder and active head of the business, will continue in full
control, the announcement said on March 4.—V. 159, p. 106.
The
the
Years End. Dec. 31—
has extended its operations to the Pacific Coast by
the acquisition,
for cash and other considerations, of Independent
Creamery & Ice Cream Co., Los Gatos, Calif., with branches in San
oempany
Francisco
$513,965
Booklyn Union Gas Co.-—Earnings—
Beatrice Creamery Co.—Extends Operations—
The'
1942
for
Active
the provisions of the plan of reorganization proposed by
Elbeco
under
the
report for 1942,
Brill
(Ludwig;) Baumann & Co.—Subs. Seeks Tenders—
the
applic. to stock of The Brill Corp.
Regarding
in
-\
Pursuant to
by
the petroleum industry
■
will
West
preliminary infor¬
follows:
as
,
Portion
.
drilled.
discovered
reserves
is
and
is
.___
Net
Mallet locomotives
new
the largest steam locomotive type ever operated by
This
at
restrictions on
announced that the first of 20
being built for the Baltimore & Ohio by the Baldwin Locomotive Works
was
delivered on Feb. 23 and will be placed in service immediately.
Government
the company was unable to carry out the
which it could normally have Undertaken.
During
1943 the company drilled 46 wells' as compared with 61 wells in 1942.
Of the 46 wells drilled 31 were productive and 15 non-productive, or
an
average of 67%
productive.
This compares with an average for
the petroleum
industry in the United States of 64.9 %
productive
spacing
drilling
on
it was recently
year,
part of this report.
Because of Government
a
company
Receives First Delivery on Locomotive Order-
by
which assures ample working capital
to meet opportunities for expansion and development as they arise.
The
current position of
the company at Dec. 31, 1942, indicated
net working capital of $3,752,756.
At Dec. 31, 1943, it had increased
to $5,546,689.
During the year the company expended $3,607,143 for leases, geo¬
physical research, drilling and other physical assets, and charged
against earnings lor depreciation, lease purchases, geophysical research
and
amortization
of
intangible
development
costs
the
sum
of
$3,597,069.
<
:
Net crude oil production
accruing to the Company during 1943
increased 16.3%, totaling 8,982,445 barrels as compared with 7,713,656
barrels in 1942.
Daily averages were 24,609 barrels and 21,133 barrels,
respectively. Attention is directed to the analysis and production chart,
to
■
Wages—
March l completed the distribution of checks to
cover
the-back pay of employees due for 1943 under the negotiated
agreements with the operating and non-operating groups, and also the
adjustment authorized by the Federal Government for certain other
employees not covered by these agreements.
The total .cost of the
adjustment was $8,887,421.
.
Barnsdall Oil Co.—Annual Report—
,
liabilities, $1,887,203.—See also V. 359, p. 634.
total
/:
■
payable, $958; accrued taxes, $19,377; Tax
capital stock, $708,050; capital surplus, $558,110;
$32,279;
arising from reduction of stated value of capital stock $575,338; earned surplus, Dec. 31, 1943, $49,734; total surplus (after de¬
ducting dividends 42, 43, 44 and 45 amounting to $56,644), $1,126,538;
surplus
railway—.
January— *
Gross
,
$264;
(net),
accounts
Liabilities—Accounts
i
reserves,
Atlanta Birmingham & Coast
fixtures
and
above mentioned,
as
1943
Approx. net inc. of Amer. Car & Fdry. Motors Co. & subs.,
$350,214 of which the portion applicable to the pfd. stk.
held by The Brill Corp. is 59.84%, or___
nual
furniture
for
income
time
31, 1943,
$1,830,519;
etc.,
cash on hand and in; commercial ac¬
receivable, $7,328; deferred charges
(pre¬
paid insurance), $8,823; deferred alterations, $2,421; United States
bonds, $25,018; total, $1,887,203.
1944, net electric output of
was 141,095,943 units (kwh.).
3,
buildings,
net
to
as
Approx net inc. of The Brill Corp. and The J. G. Brill Co.,
less minority interest—:.
$49,734
56,644
,
paid
Assets—Land,
the Associated Gas fo
This is an increase of
above production of 132,703,618 units a year
Gas & Electric
trustees of Associated
119,838
the qualifications
Subject to
mation
39,459
31,546
Balance Sheet Dec.
ended
f :
'
Federal
ior
$G
$240,577
___»
etc
profit for the year
Dividends
,
Co.—-Weekly Output—
Associated Gas & Electric
and are more than
is 99% occupied.
Ending Dec. 81, 1943
Depreciation
the
unless it contains assurance
securities will not be resold to the public.—V. 159, p. 106.
that
depreciation.
of
other
and
Rents
share after
per
before
share
per
sidiary,
and
$3.50
than
more
Commission's competitive bidding rule, U-50, in order to sell its entire
interest
in Ohio-Midland Light & Power Co., its wholly-owned sub■
1035
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4263
159
R.
the
are
tions
well as by
as
Co.—Definitive Bonds—
California Electric Power
Bank
National
Chase
The
announces,
.
series due 1968, are ready for delivery in exchange
for
temporary
bonds at its corporate trust department, 11 Broad
St., New York. N. Y., and at International Trust Co., Denver, Colo.—V, 159, p. 836.
'
of
Depreciation
Net
L94;L,
Operating revenue ——
•Net operating income..—-.—
•
,9
ciation,
interest
income
•Interest
and
debt
of
Aixiort.
Month of January—
earnings
Working
——-—
expenses
earnings
Net
Eight Days Ended Feb. 29—
earnings ■"
i
1943_—
„
$6,274,000
$7,523,000
Total
7%
-Dividends
Earned
redemption all of the present
the
trustee
of
the
mortgage
new
•Trade
Raw materials
Work
the
sell
callable funded debt, to deposit with
to pay off the noh-
at
investments
SFixed
IIResearch
Patents
'
that
of
its
be
employees, cannot
bargaining.
-
decision
The
used
to
3Va %
but
743.972
1,186,713
•336,831
-y.,i
Int.
405;428
—_
k
1,293,797
______ v
,
.
-
.
802,863
275,041
'
taxes
40.114,420, 37.802.279
2,694,000 '
34,289,000 34,289,000
16,109,504
on
7,000.000
.
129,976,806 129,876,755 115,669,128. 107,960,682
155,783,547 145,762,961
153,299.372 145.205,768
surplus
23,931,226
f6.l62.608
15,228,962 -26,106,792
13,053,390
______
______
Earned
stock- out(par
$5)
'
4,351,132
___
sharer_____
per
129,976,806 129,676,755 115,669,128
•
>
••
• '
"
.
4,351,132
4,351,132
4,351,132
$5.36
$3.37"' '
$9.22
;
$8.69
140,245,976
31
Dec.
surp.
cap.
standing
;"
,
•Depreciation and amortization have been charged to cost of sales
expenses in amount of $8,730,918 in 1943, $12,477,438 in 1942,
and
$25,125,992 in: 1941 and $20,571,933 in 1940,
tResulting from elimination of foreign subsidiaries in Canada
England from consolidation,
iAfter deducting post-war refunds of excess profits tax.
•
,
'
Consolidated Balance
-
Sheet, Dec.
Cash
107,015,112 103,391,351
U.
S.^Treasury certlficates-_-______________L'__
savings bonds for sale to employees'"
deposit-for purchase thereof____
war
and cash on
receivable
Accounts
(less reserve)--
^Unbilled costs and fees
Inventories
$
.
"
;
105,113,828 487,522.303
____________
Uv S."
income
1942
$
Assets—
and
31
1943
15,166,542
transferred
less
earned
Earned
of $273,931
reserves
Federal
11,000,000
15,529.013
23,322.566
income
Shares
•
594,882
in 1943 and $272,168 in 1942.
tReserve
(including $8,020,000 excess profits tax),
to non-current liability $2,694,000 and
U. S.
Treasury tax notes, $11,468,220.
JLess reserve of $100,000 in
both
years.
SLess reserves for depreciation
and amortization of
$26 484,967 in 1943 and $22,777,475 in 1942.
flLess amount amortized.
•"After
U.
S.
Treasury
tax notes of $12,010,000.
^Outstanding
1,376,551- no par- shares.•Less
for
(;
16,500,000
..
166,517
410,800,000
—
—
$14,162,220,
17,700,000
___________
•
-
22,000,000
•'•247,254
672,780
319,160
(
;
1.290,970
21.750,000
taxes
DiV. on common -StockAdjustment
.
:•
Dec. 31, 1931
Total
1
inc.
Earned surplus Jan. 1__
1,270,543
*■'"'■'" *
(
314.696
paid on advances on.
Total
3,504,096
1,580,579.
I" "*
■
-
Net
______
______
■
2,252,548.
J contr" for war mater.
Excess profits taxes____
2,021,050
, 63,425
1,905,970
78,982
594,882
due July 1, 1962—
^
-2
for Fed.
Prov.
______
10,000,000
for
custodian
2,764,294
for .contingencies
—_——
deferred credits for maintenance—
Earned surplus.since
CIO "union
A
i
480,934
58,702,664
-3.224,953
18.000,000
profit-sharing
and bonus plans
Provis.
for
liability as
2,500,000 ";2,500,000
735,163
697.792
7% cumul. series prior pfd. stock (par $100)__ ,16,481,800 , 16.481,800
5% cumul
series prior pfd. stock (par $100)—
3,771,000
3,771,000
7% second pfd. stock (par $100)
14,817,900 14,817^900
11Common stock
—
1,376,551
1,376,551
■Capital surplus
:
—
8,992,451
8,992,451
curtail the scope of collective
rehabilitation..
418,639
______
for inventories
Prov,
for
—
which had a system of individual contracts
sought to bargain with the firm,
was
told, the court said, that the company could not deal in
manner affecting the rights and obligations under the individual
workers,
its
—
574,486
res.
Post-war
Add.
1,102,555
-625,000
1
—
-
debentures,
Reserve
Case—
■
"
payable, Jan, 1_1._j.___—
for Federal Income taxes
Reserve
brought by J. I. Case Co.,
with
Dividends
" Reserve
announced Feb. 28 by Justice Jackson in an appeal
was
"
accruals
Other
Court in An 8-to-l decision has held
entered into between a company and each
contracts
s
provision
Provision
?
States .Supreme
individual
.•
for Federal income taxes"
for other taxes accrued.^—_—______
tAccrued
1420, 989.
I.) Case Co.—Loses, Appeal in Labor
•
"
payable
&
agreement
4,041,428
107,015,112 103.391,351
accounts
adv.
selling,
general expenses
Fees under bank credit
3,195,753
1
-
——
payables—
——
Fed. and State taxes withheld from employees
Accrued wages and' commissions
——"
Stuart, President, on March 8 announced that earnings for the
ended Dec. 31, 1943 amounted to $2,234,321, and after payment
dividends amounted to $3.34 per common share.—V. 158,
United
prepayments
accounts
Other
E. H.
.
experimental expenses____,—__
Liabilities—
Trade
-
.
The
and
and
Total
a
157, p. 2038,
premium and expense_____
income
Admin.,
309,044
1,869,385
% 411,416
—__
Total
8,510.238
• 1,034,670 \
56,117,137
2,453,738
1,250,990
533,366
_
premiums, taxes & other
trade-marks
Insurance
pointed out that it was
to
undertake the program
Common Share—
:
assets
IIDcbt discount;
It
Carnation Co.—Earned $3.34 Per
—__
Other income
'
3,486,410
3,021,916
1,035,154
1,427,000
Federal excess profits tax
and accounts receivable, deferred
JNotes
funds sufficient
;
refund- of
Post-war
upon
bonds
new
—
—
process___
.goods
Supplies".
the proposed refunding program unless it can
favorable price and' upon acceptable terms."
not absolutely necessary for the.company
at; this time because, of its strong cash
position and expected earnings.
The company was advised in the matter byv Dillon, Read & Co. of
•York and Alex. Brown & Soxxs of Baltimore.—V, 158, p; 2248.
embark
in
i
sales
of
Gross profit
v
17,608,804
1.913,736
399,495"
2,137,656
interest receiv.
Finished
issues,
to
receivable
accounts
Other accounts and advances &
subsidiaries)
S.
U.
& com'l
pass.
( Sales
S
i
$
5,905,281
7,957,735
securities and obligations
Government
S.
U.
sold,
Cars
•Cost
19,843,146
-
Account for Calendar Years
owned
wholly
(Including
munitions
1942
1943
■
hand
manufacturing
are
we
Consolidated Income
Sheet, Dec. 31
Assets—
which
refund of
profits taxes of $8,020,000 (after post-war
Cash with banks and on
.-
"wish
com.
on
940,412
$16,109,504 $15,166,542 $13,200,663
stock
$2.83
$3.42
$3.43
of year__
Comparative Consolidated Balance
and for other purposes.
The company would-call for redemption $7,504,500 face amount plus
$230,085 of its debt, and deposit, with the trustee in respect of the
non-callable debt $5,243,000, plus interest estimated at $922,525.
>
In addition, it would pay off all notes under chattel trust or con¬
ditional sales agreements applicable to street cars, requiring $1,842,000,
and deposit with the trustee of the new mortgage sufficient funds
to pay in full the cost of 140 street cars now on order,
requiring
$2,832,000 less 10% down payments made on cars previously delivered.
The company said it asked for the exemption "because
it did not
callable
end
contribute to the war effort.
we can
closely tuned to the varying requirements of
for
1,455,1.18
capital--
of
long as
as
so
are
"
stock.
has asked the Securities and Exchange Commission for
an
exemption from the competitive bidding rules in connection with
a
tentatively contemplated issue of $16,000,000 of 20-year 4% first
mortgage bonds.
The company said that the proceeds front the sales of the new bonds,
with $2,400,000
in treasury and other funds, would be used to call
for
Our war activities
the military services
of various sorts and
descriptions. As a result of the fluctuations in war demands, .some
of our activities have been curtailed, some completed, others augmented
And entirely new projects are assigned;^ us from time to time. ,
;
•
-
of: $910,000) in
of capital (in¬
cluding capital surplus) applicable to common stock issued in connec¬
tion with retirement of corporation's 7% cumulative first participating
Company
.
share
per
47,138
188,550
1,037,253
partic.
$802,000) in 1943; $9,100,000 (after post-war refund
1942, and $3,400,000 in 1941.
iProportionate amount
Bond Issue—
Capital Transit Co.—Plans
188,550
1,037.253
at
•Includes excess
1938. Since it is-a
mutual insurance company, the policyholders are liable for. any defi¬
ciency up to 100% of the premium which they paid.
Affected by the assessment will be 18,000 policy holders who insured
their automobiles with the company in 1937 and 12,000 policy holders
for the year 1938.
Notices of the amount of assessment which they
are
obligated to pay will be mailed to these policy holders within a
short time. It was not disclosed, however, what step would be taken-if
payment was not made on this demand,
(Boston "News Bureau,")
closed in December,
was
_________
1st
$83,-
and equipment
during the year amounted to $5,056,551. Depreciation and amortization
charges to operations for the year were $8,730,918;
i T^he corporation's total (tax bill last year amounted to $48,179,410,;
equivalent to $11.07 per share of stock outstanding. Dividends of $3
per share were paid during the year to the corporation's stockholders.
Chrysler Corporation is not now in the automobile business." We
manufacture war materials almost exclusively, and we expect to do
1,153,726
,
contracts amounted to $136,692,305, Inventories were
war
and net current assets were $168,324,112.
Expenditures on the corporation's.v property, plants
■-
1,153,726
Accounts receiv¬
material contracts amounted to $58,702,874.
war
on
."
preferred stock
cum.
-
surplus
Earnings
Commissioner Harrington
which
7%
on
$7,098,511. $7,105,685
13,200,663
12,048,828
1,153,726
series prior
_____
second
7%
of
?
prior
*
preferred stock
"Proportionate amount
State Department of Insurance,
has been appointed receiver for
disclosed at the Massachusetts
series
5% .cum.
on
Dividends
*
stock:
cum.
;
provided last year.
including special deposit accounts in connection with war
contracts, totaled $105,113,828 on Dec. 31, 1943.' Advances
( 991,979,
$21,442,135 $20,299,173 $19,154,513
2,753,102
2,753,102
2,357,458
—
___
common
on
preferred stock
Insurance Co.—AssessmentActing at the direction of the Supreme-Judicial Court of Massachu¬
setts
directors of this company, defunct, voted to levy an assessment
of
$423,174.75 on the 30,000 policyholders of the company, it was
■
surplus
"preferred stock
;
Canton Mutual Liability
company,
15,166,542
on
Divs.
Insurance
$6,275,593
Dividends
159, p. 932.
the
^.i_
beginning of year
Dividends
.Cash,
material
6,866,598
able on
Net' income
.
■
v
248,807
279,742
11,650,000
1,000,000
310,555
10,255,000
contingencies
for
Edrned surplus at
$2,240,655
■
1944
„
,
Traffic
—V.
16,687,265
21,097,122
$2,838,513
-
.
_
income taxes
_■
for Federal
:
Keller,
000,000
discount
premium,
expense
•Provision
4944
$23,935,635 $18,927,9-0
—
in Celluloid Corp.
in equity
Provision
Gross
.
.
$18,041,263 $21,019,164 $14,986,925
825,836
1,200,115
990,910
Cr60,000
i
debentures & other debt
on
Decrease
Railway—Earnings—
Canadian Pacific
$19,620,495
7,318,318 *1 4,686,666
/
cost
President,; states iri! brief: The record of corporation's
operations for the year 1943 is one of war effort. Sales for- the year
were $886,467,702, of which only $38,755,198 were classified as civilian
largely spare parrs for the ntaintenarrce' of some 8,300,000 passenger
cars, and-trucks of our manufacture now estimated
be ih use by
the American people.
Sales increased $262,812,494 or 42% over 1942.
The net profit earned for the year is $23,32-2,566, equivalent to $5.36
per . share. subject to the piovisipns of -the War Profits Control Act
providing for- renegotiation' and recapture by- the U. S. 'Government
of any profits found to be excessive.
Provision is made this year for Federal income and excess profits
taxes in the aggregate* amount 'of $32,550,000, Compared with $22,-.
$17,790,951 $20,952,705 $14,933,829
250,312
66,459 '
53,096
operating profit
Total
1,289,870
1,211,037
—————————
maintenance, taxes, provision for depre¬
rent for lease of electric plant, etc.
tAfter deductions fox' all
charges, amortization of debt discount and expense, amortiza¬
preliminary costs of projects abandoned, etc.—V. 158, p. 2248.
tion of
7,656,915'
expenses
Other income
$5,666,307
$5.874,031
—
—— —
operating expenses,
•After
geh.
new
Chrysler Corp.—Annual Report—
K. T.
,
&
adminis.
'
.
Co.—Earnings—
California Oregon Power
'Calendar Years—-
tNet income
—
profit from operations— $25,447,866 $28,2.71,023
Gross
Selling,
;
"
<
sold
goods
from
159, p. 932,"
..apiuvximately $2,781,745;—V,
$94,584,910, $86,143,992 $62*277,142
64,936,380
54,033,081 39,898,268
4,200,664
3,841,888 " 2,758,378
allowances
and
Cost
1944, and' are -to- mature' serially (in equal annuai , instalments
April 1, 1945, to April 1, 1954.
They will be secured on 10
freight locomotives, type 2-6-6-6, with 25,000-gallon tenders, to
1;
;
,
1941 V
^ 1^42
sales, less discounts,-returns
Gross
definitive first mort¬
that
'
1943
3'/a %
bonds,
gage
of equipment trust certificates.
•
\
-
.
'
has invited bids to be received March 22 oii $2,200,000:
The certificates are to be dated April
"r The company
excessive labor turnover."
an
Consolidated Income Account for Calendar Years
'
Seeks Bids On Equipment Issue—
second
explosion at our Cumberland, Md., plant, during the.
General American Transportation
Corp., East Chicago, Ind., and Pullman-Standard Car Manufacturing
Co., Michigan City, Ind., each received contracts for. 1,250 cars.
Delivery was, scheduled to begin in the third quarter of this year.
go
quarter, v Since that time we have had numerous short labor stoppages
at
our
Cumberland plant, resulting in considerably, less production.
Our efficiencies have also been adversely affected by these interrup¬
H. James,
Vermilye,—V. 157, p. 1419.
J. F. Sandefur and W.,M.
J. H. Montgomery,
to
us
and also an
President of the company; F.
Doyle, H. G. Fahlbusch,
E.
C.
W. Farley, Fletcher H. Montgomery/Chairman of
Tinker arid Charles B. Wiggin;
The other directors
John
E.
Board;
Foundry Co., of Huntington, W, Va.
it, nevertheless, has been beneficial in that
year
forward with development of many new products
and many new uses for our present products which should be ex¬
tremely useful in the post-war period."
With regard to numerous interruptions in operations during 1943,
Dr. Dreyfus stated that "we had a strike at our Newark, N. J., plant
enabled
it
of the Byrndun voting stock, were sympathetic to
a
plan for. the immediate distribution of the Hat Corp. shares among
Byrndun stockholders.-.:
The Newman group is seeking the election of Robert J. Cresci, William
M. Flook, Samuel L. Gerstiey, Robert J. Warshaw, Sergei S. Zlinkoff
and Mr. Newman as new directors,
and the reelection of Robert W,.
together about 21%
Atkins,
for the
profits
our
other stockholders, owning
declared that his company and
Newman
Mr.
Monday, March 13, 1944
FINANCIAL CHRONICLE
THE COMMERCIAL &
1036
(le?s reserves)____________________
25,000,000
______
■
1,732,495
85,442,170
55.871,967
83,991,979
______
59,914.279
40,989.460
71,162.035
wholly-owned foreign %subs. (Can¬
Cost^J
2.335,958
2.335,958
bargaining agreement to a "trade agreement
;
2,325,538
2,607,720
rathe? than a contract of employment."
Justice Jackson held: "The
Sundry investments and misc. accounts—280,873
353,381
New Division Organized—
individual hiring contract is subsidiary to
the terms of the trade
Expense advances and current accounts—offiOrganization of a new division of this corporation to be known, as
cers and employees
agreement and may not waive any of its benefits any more than a
154,565
212,874
"Celanese
Chemical. Corp. was announced on
March 6. The new ( Invest.•,itv and account--with-domestic subsid;
' '
,
shipper
contract' awav the benefits of filed tariffs, the.insurer
division will handle the sale of the: various .chemicals . manufactured
the benefit of standaM provisions or the utility customer tlie benefit
not wholly owned—:.
801,000
919,321
at
the
several Celanese plants.
of legally established rates.
•Property,; plant: and ;equipment_—
51.533,712 55,090,105
;:-i
Among
the chemicals now being produced, as well as those ex¬
: "Individual coxxtracts no matter>what the circumstances that justify
.(" Goodwill
i :
j
pected to be produced by Celanese, are Butadiene, Pentaervthritol, ""Prepaid- insurance, taxes, etc.______—____^__^_
their execution or what their terms, nxav not br- availed of to defeat
2,689,070
2,722,343
Hexamine,
Formaldehyde, Methanol, Tricresyl Phosphate, Triethyl
or
Post-war refunds of Federal excess profits taxes
delay the procedures prescribed by the National Labor Relations
1,213,843
Phosphate
Triphenyl Phosphate, Triethyl Citrate"Tributyl Citrate,
Act looking to collective bargaining nor
to exclude the contracting
Total
—.—-1
employee from a duly ascertained bargaining unit nor may they be ( Diethv] Phthalatc. Dyestuffs for Cellulose Acetate and Muriatic Acid..
418,486,999 323,829,781
In line
with the expansion of the Celanese Corp. of America .in
used to forestall bargaining or to lixxiit or condition the terms of the
Liabilities—
*
the chemical field, announcement was made recently of the beginning
collective
agreement. * 0 * Wherever private" contracts conflict with
Accounts payable and payrolls
90,600.729
62.098.908
of construction of a new $5,000,000 chemical plant at Bishop, Texas.its functions they obviously must yield or the act would be reduced
Accounts with subsidiaries
•
844,684
100,985
to a futility."—V. 159, p. 837.
•:
Accrued insurance and taxes
1,367,058
885,778
Additional Listing—
any
contract.
Likening
collective
a
Investm'ts in
ada and England) not ponsol.—at
Real estate not used in operation
■
'
•
______
________
Celanese Corp. of
The New
America—1943 Sales Largest in Com¬
Gross
war
facts
contracts
and
disclosed
are
Camille
The
income
and
$6,275,593,
„
labor
excessive
a
in
Dreyfus,
net
1943
stock
The
inc.
and
excess
58,702,874
33,749,873
37,312,982
•__<
profit
taxes
421,381,882
__
with
on
in
$7,098,511
1942,
when
a
provision
of
'
made.
the three classes of preferred stock,
'
•After
1943
the
same
number
of
This compares with $3.42
slxares outstanding on
common
■'
to
$16,530,593, .against $19,748,511 in 1942.
Commenting
on
the
company's
record
volume
of
business. Dr.
Dreyfus states in his letter to shareholders that "a substantial portion
these
of
profit less than
was
made
we
actually taken,
The company
has applied to the
Proposed— "
Interstate Commerce
Commission-for
of, but
reserve
$51,143,559
•
for
1943.
in
depreciation,
tAfter
etc.,
deducting
of
$48,159,590
$4,200,000
U.
S.
in
1942
and
Treasurv' tax
to be applied; in payment thereof. "Includes special deposits of
$18,180,697 in 1942 and $19,924,882 in 1943 to be used exclusively 5n
s". notes
,
Government contracts.
^Unbilled costs and fees on cost-plus-fixed-fee
to issue $628,000 of promissory notes, ,in evidence
payment of, the unpaid balance of the purchase price, of ten "" supply and facilities contracts.—-V. 159, p. 837.
; /—•■
1,000 h. p. Diesel electric switching locomotives.
The Jersey Central r
■«' •■'•(■"" ■
; ■V. ■
will buy five of these from
the American Locomotive Company and
> (The)
Chicago Corp.-—Tax Ruling on Dividends—
"
five from the Baldwin Locomotive Works.—V.' 159, 'p. 932.
. ; v .
,
rfauthority
not
in
.
'
"
.
■
company's sales in 1343 reached the record total of $94,584,910,
Net income before taxes amounted
of
of N. J.—Note Issue
Central RR. Co.
equal to $2.83 per share on 1,376,551 shares of common
1942. ': v'""
sales
'
—
production
President.
after depreciation and allowance for Federal
taxes
and other charges,, .amounted -to
compared
on
other
and
comparing with $86,145,992 in 1942.
were
State
_
profits
excess
was
turnover
outstanding at the close of the year..
share
per
and
.
income,
regular dividends
net income
Dee.'31,
Federal
'
decline in the net profit for the year.
These
the annual report released for publication by
$1,000,'000 for contingencies was
After
in 1943 Was the largest
of low profit margin
of the company, but a combination
handicaps resulted in
Dr
receipts and -Govt, oontrael-^.
'
.
volume of business of the corporation
the history
on
Advance
19,666
official notice of issue,
5,155,909
24,587,750
stock dividend at the rate^of ; - Operating• reserves
'3,333,203 •
3,334,033
one
share
each .70 shares held, payable " Contingency reserves ____i
3,604,150
March 31,
11, making the total number ( Loss on commitments
Capital stock (par $5)_,—
21,755,660
21,755~,6'60
of shares of common stock applied for 1,396,217 shares.
For plant rehabilitation and general reconver'
'
In
connection with the issue of such common stock there will be
""" sion ~and reestablishment of auto business— • 28,000,006
transferred from earned surplus to capital an amount equal to $1 perCustodianship liability
1,605,666
i' <_
share
and to capital surplus an amount equal to $34 per. share, for
Capital surplus
—25,958,105
25,958,106
each'share so issued. Accordingly, as a result of the; issue of the
___________________ 140,245,977:129,976.806
shares the capital stock account will be increased $19,666, the capital " Earned surplus ;
surplus account will be increased $668,644, and the earned surplus ac¬
Total
—_■
418,486,999 323,829,781
count will be decreased $688,310.;—V. 159, p. 831.
1942—
in
has authorized the .listing of
stock (no par), on
with-the payment of a
of such common stock for
to holders of record March
connection
in
Compared With $7,098,511 in
After Taxes to $6,275,593,
York Stock Exchange
additional shares of common
pany's History—Combination of Low Profit Margin on
War Contracts and Production Handicaps: Bring Met
for direct
normally
war
uses
Th
steel,
hopper
000,000.
railroad
made
on March 7
coal cars, to be built at
This is said to be the largest
company
at margixxs
was
While this business has not contributed much to
Co.—Places Large Order—
awarded contracts,'.for 5,000,.-50-ton,-. all-
Chesapeake & Ohio Ry.
and in some cases losses
and
would enjoy,
Richard
of
in
Contract
many
for
years.
2,500
of
cost,, of, approximately $13,hopper-car,'order placed by the
cars
was
-v
*#'
awarded to .j Americanr Car3 &
the
""In
the
a
.
the
-
K.
accordance
j.-
preference
with
Section
amount of, nontaxable
be deducted
•of
Cartlidgp^' Secretary,
convertible
their
by
stock.
on
March 2, in a notice to holders
in part:
■
>
"
stock, 'said
115 (dk.of
.
the
Internal Revenue
Therefore;
Code,
distributions received by shareholders should
them from the adjusted basis for income tax
the
adjusted'basis
of
your
stock
purposes
should
be
reduced by.: 42.67% t>of ^the amount' ofivdividends.-'which'--you; received
Volume
from
this
corporation
dividends
return
for
"If
of
should
be
1943
1943.
57,33%:
and
of
in
income
as
your
•
amount of
the
in
included
shall
The
-
received
dividends
the is
on
'
-
A
regular
record
.
1944.—V.
15,
Chicago
158,. p.
Island
Rock
The ICC March 6 received
reorganization
of
the
modification of'u plan
the light of changing condi¬
three requests for,
company
in
should
distributed
be recognized in full
objected
to
a
from $368,127,410 to $356,117,327.—V, 159,
years
Colonial
on
The
L.
for
Co.
amended
an
(elevated
capital
proposed
933.
lines)
decrease
the
the
which
share
At
preferred stock issue amounting to $98,285,068 ($100
the commission had stated to be "of doubtful'.Value*', and
"misleading" is eliminated under the proposal.
$7,718,350 Series
on
first
A
mortgage
bonds
3
of
Nov.
15,
since
Feb.
stock
common
holders
to
on
first
636,114
dividends
series A,
$1.25 per
preference
stock,
stock
all
and
payable
May
participation
of
cer¬
15
Gammons
committee
who is connected
&
has been
Co.,
of
the
Childs
made
a
year,
15,
1941.
showed
4
share
to
of
in
The
Shamrock
number
a
of
three
2
Oil
Gas
&
investment
the
of
Trust,
will
original
hold
Power
stock
Stock
of
179,361,000
17.9,571,000
of
to
as
so
plus
stock
"
derbilt.
ry.
—V.
oper.
.
the
assets
certain
and
and common
in
provide
Period End. Dec. 31—
Net
A
earn.
divs.
Earn,
aft.
&
res.
all
& cl.
charges
percmAshare—
1943—3 Mos.—1942
$1.41
distributions,
cash
and
248.
R.
Deupree,
-
'
•
President
.
of
%.
;
•
/ v-.
result
Net
set
as
the
holders
of
from
the
rate
net
income
preferred
stock
,
;
,
The company reports that the1 effect- of the
and expenses for the year 1942 would reduce
for that year by $108,192. ; This amount, it is
indicated, is represented by the amount of cosh refund of $68,026 and
a reduction of post-war refund of $40,166.
The settlement was recorded
on the books of the company as a charge to earned surplus of $108,192,
with credits to post-war refunds and current liabilities of $40,166 and
$68,026, respectively.—V. 159, p. 445.
Co.
income
or,
Income
Corporation (& Subs.)—Earnings—-
Crown Zellerbach
stock of Ohio Edison Co.
Months Ended Jan.
9
31—
1943
1944
-
etc.——$73,517,101 $61,890,655
/:Other.voperi/Jhc^./!nei^;/Oxcl./rpf/.deduction; for
net of returns, discounts,
Sales,
-
441,229
~
107.396
635,043
153,164
Inc.__—' 351,698
351,698
depreciation—
;
Miscellaneous
from
Divs.
—
net
income,
Fibreboard
—
Products,
$6 per
of
(0.008)
share
of
1,
Jan.
1,
1944,
common
Oper.
Co.
of
provision
rights
And
of
is
to
the
made
the
after
shall
the
addition
of
the
Commission
dividends
to the effective
Ohio
Edison
Profit
or
date
the
reserves
of
of
the
plan
outstanding
of
and
the
plan,
Co.
no
Net
'
*
any
common,
other
stock
income.-,..—$11,271,694 $10,619,522
—
3,149,668' 3,056,179
—
plan,, shch option
effect.
stock
Ohio Edison
Southern
Co.,
Gas
&
50,480
Electric Co.,
—^—
$5,374,423
■
,
—
46,940
$5,656,174
$222,369.—V. 158, p. 2466.
The
per
directors
;
on
Corp.—To
—
Estimated
/V /-•^:£;;>/"i
March
6
declared
a
Pay 25-Cent Quarterly
Earnings — Shipments
/"/ v
quarterly dividend of 25 cents
share on the common stock, no par value, and the usual quarterlyof 75 cents per share on the $3 prior preference stock, no
dividend
both payable April 1 to holders of record March 17.
Last
distributions were made as follows on the common stock:
On
1, 50 cents, and on Dec. 28, $1.
B.
B.
Williams, President, stated:
"Preliminary figures indicate
record-breaking business volume of company for 1943 amounting to
par
year
May
necessary
Indiana
$5,706,654
$5,327,483
retirement credit of $132,740 and post-war refund
profit for the period
Hierher—
of
Cf355,109
—
2,188,920
'. 2,770,481
—
:
Cooper-Bessemer
Common Dividend
approvals of the
body having jurisdiction, to
any
regulatory
of
on
-
"Representing debt
Of
.
for the continuance of
option warrants, and
amended
the
of
common
to
taxes
/Minority stockholders* equity in earnings
Indiana Gas &
stock.
42,936,118
2,936,067
672,75-3
5,795,475
70,625
53,620,020
2,603,473
545,566
6,324,584
52,087
incl. surtax.—
Profit
;;
'
-c
right at any time prior to the effective
subject
before
profits taxes
J
:
"Excess profits Lax credits-—
-
.
,
new common
amended
the
—
...
exel, of depreciation
paid on bank loans
Income, taxes,
transfer,'without cost, to Ohio Edison Co. all of the
of common stock of Pennsylvania Power Co. as
common stock equity of Ohio Edison Co.
amended
dispose of the
effective
distribution
shares
to
the
of
null'and void
be
Commonwealth
date
in
holders
Commonwealth will
an
1
'
-
•.
...
exps.,
Interest
stock of Central Illinois Light Co.
share of Commonwealth's
—
-
,
Excess
stock
common
,
Depreciation
Depletion
$74,417,424 $63,030,560
whichever
1-944, to such date,
the amount of any
share of common stock of Southern
(0.0016)
.
Cost'of goods sold
from Jan.
annum
income
Total
1/1,482,OOOths of 75% of the
Commonwealth and its subsidiary com¬
share of
Prior
•
/
$406,973.
aggregating
stock:
of Consumers Power
$1.06
refund.-
Government was accounted for by a cash payment of $68,026
adjustment of income and excess profits taxes for the year 1942
settlement
following number of shares of common
and of Commonwealth's new com¬
common
tax
reports that as a result' of renegotiation settlement
ended Dec. 31, 1942, a gross amount of $475,000 recovered
the year
the
"reported net
1944, to the first day of the calendar month in
plan becomes effective, or equal to dividends at
Jan. -l;
amended
of
outstanding
.
profits
and an
distributions,
subsidiaries
common
.
The cosporation
by
outstanding pre¬
its
of
•
$2,401,748
$3.07
Renegotiation—
(5,15); shares of Commonwealth's new common stock.
4G0G (0.04)
>•"
share.-
per
$2,184,054
$2.80
$603,273
$0.85
^Provision for Federal income taxes net after deducting post-war
,
to
$2,401,748
700,000
$820,471
profit
excess
capital? repre¬
of
$2,884,054
$663,273-
218,786
..
;
changed in /
be
from
the; aggregate amount
%
■
,
Commonwealth's
«,
will
$8,581,748
6,180,000
$1,039,257
for war
post-war res.
and
additional amount in cash equal to
Electric
Procter
-•
Net profit
Appropriation
$2,345,038 $10,384,054
1,681,765
7,500,000
(Con¬
number
outstanding
subsidiaries
northern
which
1943—12 Mos.—1942
1942—3 Mos.—1042
$3,655,726
2,616,469
for
16/10000
& Gamble Co., has been
elected to the board to succeed W. C. Teagle, retired.—V. 159, pp. 733
Richard
H
•
northern
the present
Decrease
$361,480
1944—2 Mos.-—1943
$3,037,559 $3,399,039
Net' profit
yprov. for Fed. inc. tax.
be summarized as
may
16/10000 (0.0016)
$5.36
;
the plan
set
Container Corp. of America—Earnings—
in cash, provided this amount may be reduced to $2.75 per
if the board of directors, prior to the date the amended plan;;
becomes effective, determine that the reduction is desirable to pre¬
warrants
$5.93
retirement of- its,*
Court in Delaware,
159, p. 734.
Decrease
$441,807
Period End, Dec. 31—
the
distribution of
Per share of Commonwealth's present common stock:
8/1000 (0.008) share of common stock of Consumers Power Co.
1943—12 Mos.—1942
$1.10
the purchase and
February and First Two Months of Year
$1,951,391
159, p. 636.
—V.
be
to
/ (b)
$4,400,214 $23,726,222 $21,467,446
-V,
New Director—
in
bonds.
trust
share,
from
v
the
the
shares of
,
:
stock
of
No
■•■/
$5,639,174
Consolidated
by
Sales for
respectively.
,
is less,
from which shall be deducted
on each preferred share from
date of - the amended plan.
'//;t%^
Co.—Earnings—
that
distribute
will
15%
and
of
share
the
Coca-Cola
used
1944—February—1943
changed to
is
plan
the
for
proposed
declared
510,349
440,810
.
be
stockholders of Com¬
original
additional
fractions
(1.03)
the
1941
549,520
439,348
'
651,178
534,636
stock
the
Per
which
$875,827
'
-
the
8/1000
1942
85 %
of
proposes
common
panies
'
.
and
of
An
a member of the
replacing the late W. K. Van-
-
principal amount of the Federated
is approximately $5,000,000.
The
The
outstanding
bonds
$1,509,584
serve;'adequate working capital.
also appointed
$1,010,174
$7,050,000.
Consolidated Retail Stores, Inc.—February Sales—
$3.50
Vice-President of the New York Cen¬
703,364
579,962
railway—
income
159, p. 548.
Net, from
Net
ratios
common
consolidated
1944 Y|%/ 1943
$1,255,419
$1,101,973
railway-/-
to
Inc.,
collateral
change its authorized capitalization
stock (par $5) and will issue 8,979,234
common stock to the preferred and common stock¬
minimize
5-15/100
,
Clinchfield RR.*-Earnings—
from
1944
3*4%
The retirement of the Federated Utilities, Inc., bonds is
possible by the recent sale by Consolidated of the common stock
Illinois Elactric
& Gas Co.
The proceeds of this sale
Judge Paul Leahy, of the Federal
down for hearing on March 26.—V.
Electric Co.,
RR., has been appointed a director of the Cleveland, Cincinnati,
Chicago & St. Louis Ry. Co., succeeding W. F. Schaff.—V. 158, p. 1935,
January—
10-year
Wilmington,
will
206/1000 (0.206) share of common stock of Central Illinois Light Co.
206/1000 (0.206) share of common stock of Southern Indiana Gas &
director of this company and of
.
increase
company
in
common
1-3/100 (1.03) shares of
146, p. 3492; V. 152, pp. 3493 and 3645.
Gust-av Metzman,
an
plan provides that these bonds will be retired without premium.
The
remainder of the
proceeds of the sale of the Central Illinois stock
//•'/•
to 10,-
1-3/100
tral
Gross
of
(a)
.»'
'
addition.
of
Court,
Utilities,
Capital¬
will
of
new
in: the
stock: '■
mon
Cleveland, Cincinnati, Chicago & St. Louis Ry.—New
In
shares
to
ferred
purchase price to be oaid to
tentatively fixed at $1,520,000,
which together with
dividends to
be received by Columbia will Aggregate
of both companies,
elec¬
and
request
Amount
without, however, changing
sented by such stocks,
the
George Whitney has been elected a
New York & Haftem RR. Co. and
the corresponding week of last year,
outstanding $15,000,000 of
Securities
amounted
•
Commonwealth
order
tingent upon the prior or simultaneous disposition and sale by Columbia
of all its investments in Railway and Bayou Interests, Inc., stated to
the
of
Central
the company's amended
on
Commonwealth
proposed
Commonwealth
shares of such
principal amount of 6 % income demand notes of railway, being all
vthe outstanding securities of railway except 265 45/47 shares of common
stock held by other holders.
The payment of this dividend is con¬
executive committee
output
system
company.
Co., Central Illinois Light Co., Southern Indiana Gas &
Co., which will hold the stock of Penn¬
Commonwealth
//■;;,:
that
Exchange Commission > announced March 2 that
it had filed an application in the U. S.
Del., for the enforcement of a plan
submitted by that company and approved by the Commission for the
retirement
of
the Federated
Utilities,
Inc., bonds assumed by the
9.8
11.3
11.0
10.9
V
announced
8
933.
p.
the
made
■
March
on
kwh. for
the
of
District
and Ohio Edison
Commonwealth
the unrestricted portion
special capital surplus a cash dividend of $30.08 per share on
its 10,000 shares of outstanding common stock,
aggregating $300,800.
Columbia owns 9,734 2/47 shares of the common stock and $1,304,596
Directors—
its
that
Federated Utilities Inc. Bonds—
% Increase
180,508,000
statement of the transactions
000,000
shares
approximately $1,900,000.—V.
company
159,
of
1943
175,209,000
the prferred
for
is modified
Co.,
A full
Cincinnati proposes to declare and pay from
is
is notifying
tentatively
Consolidated Electric & Gas Co.- -To Retire $5,000,000
and 15%, respectively; (2) the provision in the
the distribution of the common stock of Consumers
forth below:
of its
and
1943 dividend
debentures, due
1944, at
Farmers
Trust Co., trustee, 22 William St., New York, N. Y., or at the office
of J. P. Morgan & Co. Incorporated, 23 Wall St., New York, N. Y.—«
at
sylvania Power Co., and (3) a cash payment of $3.50 per share (sub¬
ject' to reduction to $2.75) will be made on the outstanding preferred
below:
interest
July 22,
Debentures Called for Redemption as of April 3,
85%
Power
sumers
referred to said declaration or applica¬
tion, which is on file in the office of the said Commission, for a state¬
ment
of
the transactions therein proposed, which are summarized
Columbia
the
of
amounting to 215,900,000
All
Edison group
for the week
stock of the five northern subsidiaries of Commonwealth
Electric
are
of
status
April 1, 1946, have been called for redemption as of April 3,
100 and interest.
Payment will be mauc at the City Bank
Co.^-Weekly Output—
hearing March 23
a
respectively,
Co.
common
'
amount
held
own
between
as
plan
holders
The
the taxable
to
share, the Oct. 11, 1943 dividend of 75 cents per share and
1943 dividend of $1 per share on the preferred stock, the
24,
163,700,000
'
common
new
jthereof. Any such request should be addressed: Secretary, Securities
and Exchange Commission, 18th and Locust Streets, .Philadelphia 3,
non-affiliate.
will be¬
Of 26.4%.-
in
Treasurer
follows:
a
This dividend
(electricity generated and purchased) for the week ended Mar. 5,
kwhs., compared with 169,300,000 kwh.
for the corresponding week of 1943,' an increase of 27,5%%. Local dis¬
tribution of electricity amounted to 207,000,000 kwh., compared with
V.
198,207,000
19
12
monwealth,
said
be granted,
persons
last.
19,
Department of Internal Revenue dated March 7,
1944,
Corp.
trusts
President,
and
194,941,000
199,065,000
199,204,000
—
distributed
733.
thereafter,
interested
Feb.
on
tricity
new
Inc.-
1944
;
SEC
declaration or application, as filed or as
amended, may
as provided in Rule U-23 of the Rules and
Regulations promulgated pursuant to said Act, or the Commission may
exempt such transaction as provided in Rules U-20
(a) and U-100
be
on
holders
a
9.8% increase over the corresponding period
the kilowatthour output totals of the past four
are
159, p. 933.
The
An application has been filed with the SEC by the company,
a
subsidiary of Columbia Gas & Electric Corp., regarding the following:
Notice is further given
that any interested person may, not later
than March 16, 1944, at 10 a.m.
(E.W.T.), request the Commission
in writing that a hearing be held on such matter, stating the reasons
for such request and the nature of his interest, or may request that
he be notified if the Commission should order a hearing thereon.
At
All
7.92%,•
preferred stockholders that a letter from
1944 advises that
these distributions arc 100% taxable as
dividends to the shareholders pending final audit of the Corporation's
income tax return for the year 1943.-—V. 159, p. 933.
plan of capitalization.
The amended plan has the tame objective as
the earlier plan of reducing the capitalization of Commonwealth to a
single class of common stock.
Its principal differences from the
earlier plan are: (1) the allocation of approximately. 80%
and 20%
Cincinnati, Newport & Covington Railway-~-Sale By
Columbia Gas & Electric Corp.—Proposed Dividend—
Pennsylvania.
or
Exchange Commission last week authorized the
corporation
reference
per
is
it
percentage comparisons with last year:
approximately
time
and
the
Corporation
the
of $1.50
$1.25 per
Commonwealth & Southern Corp.—Amended
to the amendments,
Hearing
to review all developments up
p.
18,520,599,
ization Plan Filed With SEC—
the brokerage firm of Carret,
member of the debenture holders
159,
4
—V.
with
Co.—V.
March
on
output of the Commonwealth
excluding sales to other electric utilities,
Following
and
February
February
Childs Co.—Benz Joins GroupBens,
of
Dec.
The
electricity
February 26
time.—V.
Luke l.
trustee
a
Consolidated Investment
of
March
March
set
must be filed March 27 and
plan
10 for objections
April 14 in Federal Court
159, p. 733.
held
that
new
of April
deadline
President
is
is
Week Ended—
ration does not mean the end of municipal ownership plans, ordered
will be
II
and
companies,
1943.
weeks
suggested capitalization." .
Judge Igoe, pointing out; that this tentative basis for private unifithe
output of electric energy of subsidiaries
to show general business conditions of
Dividend Authorized—
Securities
$3
the
substantial beneficial interests.
week's
ended
of
participation certificates for 360,165 shares of common stock.
Pointing out that it had made no suggestions for allocation of new
securities among the respective security holders of the t$o lines, the
committee stated it "believes that the principles employed in alloca¬
tion of securities under the present plan. are equally applicable to the
amendments, to
of
increase
an
The
holders of Chicago Rapid Transit Co., entitled to partici¬
pate would be allocated $7,002,290 first mortgage bonds, Series B, and
any
record
fill
to
director of Boston Fund,
»
Last
To security
all
elected,
Commonwealth Edison
mortgage bonds, Series A, and
shares of common stock.
repre¬
,
adjusted
corporation,
With
of
Cincinnati, New Port & Covington Ry.—See
latter company.—V. 159, p. 733.
,"Lines entitled to participate in plan of reorganization would be allocated
of
to the
effective.
become
come payable on April 5 to holders of record March 22.-
To Sell
Commission,
for
~
kilowatt-hour
weekly
this
The
share
last
regular
preferred
cumulative
Fownes
C.
director
a
To the security holders of the companies comprising Chicago Surface
tificates
has
20.
were
Pittsburgh
and
stock
(no par)
would consist of 956,279 shares, against
shares of $1 par1 common under the present plan.
*; / On the basis of the above capitalization annual fixed charges of the
unified
company,
to be known
as
Chicago Transit Co., would
be
$1,454,367,
some
$2,000,000 less than
under plan
rejected
by
the
$72,718,350
it
after
the office of any agent appointed pursuant to the amended
Preferred
L. F. Rains is President of A. M. Byers Co., Pittsburgh, and is a
director
of
American
Iron
&
Steel
Institute, Pittsburgh Coal Co.,
Waynesburg & Washington RR., Sharon Steel Corp. and Union National
Bank, Pittsburgh.
/
O. Kelley Anderson is a director of The United Corp., President and
Common
to
5%
April
which he has
1,342,760
a
the
declared
April
made
was
meeting of the board of directors held
a
H.
of
and $7,002,290
Sinking fund charges under the new proposal would be 1% of prin¬
cipal amount of Series A bonds Initially issued for the first ten years
and thereafter ll/n'A, plus ant amount equivalent to interest' on bonds
retired through sinking/fund/;"//
Commerce
practicable
as
territory served for the week ended March 2, 1944, amounted to 252,351,911 as compared with 233,831.312 for the corresponding week in
existing vacancies on the board, as
follows:
H. C. Fownes II, Pittsburgh, Pa.; L. F. Rains, Pittsburgh, Pa.,
and O. Kelley Anderson, Boston, Mass.
Series B first mortgage bonds (the same as in the rejected plan) would
be" cut from a fixed 5<t,
rate to 4%—2%
per annum fixed interest
and 2%
contingent upon availability of net income.
that
also
cumulative
directors
proposed
Interest
scon
Consolidated Edison Co. of New York, Inc.—Output—
submitted
report,
The
v
The
of
1943,
10 cents per
quarterly
the 6%. cumulative preferred stock,
the
on
5%
all security¬
cn
pursuant
Weekly Output—
1944—3 Wks —1943
dividend of
a
payable
par,
no
distribution
the first payment on
record
of
stock,
directors
share on
the
as
plan for such purpose.
$6,971,229 $14,323,060 $13,496,067
March 2. declared
similar
A
was
The
private ownership was presented to Federal Judge Michael
March 6 by a special five-man committee- appointed by the
par); which
its issuance
"
11.
binding
made
be
payment of the dividend of $1.25 per share which was declared by the
on
common
March
make them
securities, will
Taxable Status of Dividends—
The directors
Amend
and
plan
new
at
Cents—
10
unification of Chicago Rapid
Chicago Surface Lines (street
of
plan
and
plan
of
senting Commonwealth's outstanding preferred stock and common stock
the transfer agency of Commonwealth at 120 Wall St., Now York,
1,
837.
p.
Court
amended
11
amended
Columbia Gas & Electric Corp.—Common Dividend of
by committee headed by William P. Sidley,
suggests that four basic changes be made in the plan which was
rejected by the Illinois Commerce Commission oil May 3, 1943.
\
159,
as
■■; :/
corporate
Such distributions will be made against surrender of certificates
Three New Directors Elected—
The
•
April
purposes
its
amended plan by the Commission, and the
a majority vote of the stockholders, Common¬
that the Commission apply to a proper United
to enforce and carry out the terms and pro¬
requested
the
of
directors
court.
.
follows:
as
in
the
of
Distributions
for
$7,180,771
—V.
under
Igoe
District
visions
p.
Lines—Would
Surface
basis
were
1944—4 Wks.—1943
Sales
whose claims could
per
Transit
has
States
Stores, Inc.—Sales Continue Higher-
Period End. Feb. 23—
on
cars)
wealth
increased
Plan—-FiveMan Committee Suggests Four Basic Changes in Pro¬
posal For Unification Of Elevated And Surface Lines—
Chicago
year
change
appropriate
an
v-v'
approval
Upon
redemption as of May 10, 1944, a
total of 3,975 shares of its outstanding 5%
convertible cumulative:
preferred stock at 110 and dividends.
Payment will be made at the
Bankers Trust Co., 16 Wall St., New York, N, Y.—V. 159, p, 636.
'
^
specifically
company
junior creditors
last
make
subsequent approval by
by the distribution of securities .representing
lesser capitalization.
The
to
Payments
has called
corporation
The
a
be
14.
will
name.
each
N. Y., or at
Commission based its reorganization order.
"Under the circumstances," said the road, "the authorized capitali¬
zation should be increased rather than decreased and the additional
:
record
in
issue
Collins & Aikman Corp.—To Reduce Preferred Stock
:
itself,
March
record
which the
a
this
Commonwealth
July 1 and Oct. 1, $5.55 each; and Dec, 15, $13.20—'V. 159, p. 636.
Ry.—ICC Asked to
Pacific
&
convertible bonds, suggested that the capitalization should be
because of greater earning power now as compared with
:
holders'of
to
on
per
the
preferred stockholders' committee and the Chase
National Bank of New York, the last-named acting as trustee for the
not
25
made
cents
The directors bh;March 4 declared of dividend of $5.55 per share on
'outstanding common stock, no par va;ue, payable April 1 to holder;
•
1523.
tions.
securities
March
were
50
Coca-Cola International Corp.—$5.55 Dividend—
was' paid on
to holders of'
quarterly
.
road
payable
distribution
of
dividend
holders.
Feb.
The
stock,
common
Simla?
15.
interim
an
during 1943.^ ■■/■ -'' , .
.■
>
The regular quarterly dividend of $1,75 per share oh the preferred
stock was also declare.}, payab.e April l to holders of record March 24.
—V. 158, p. 2249.
Modify Plar-rfor
declared
quarter
oi
/
the
on
March
me.
dividend of -75 ■ cents per share
the. convertible • preference ' stock on March 1, this j'ear,
>.
:
have
directors
share
by'you is in excess
the
adjusted basis of your stock, such excess is taxable in the same
manner as a gain from the sale or exchange of raoital ass°ts.'V;
The company during the year 1943 paid the following dividends on
the convertible preference stock: On March 1, June 1 and Sept. 1,
75 cent" each; and on Dec.
1, $3.
This cleared up all accumulation
■
subject as aforesaid, to utilize the proceeds for such
be determined by the board oi directors.
and,
duett, Peabody & Co., Inc.—Interim Common Div.—
the amount of such
Federal income tax
-
nontaxable
1037
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4263
159
x
value,
;
•
/
value
produced
V
justice
;v'
sequently the use of the
Co.—To Pay Dividend of 5 Cents—
Feb, 29 declared a dividend of five cents per share
stock, par 25 cents,'payable April 25 to holders of
Like amounts were paid on April 26 . and Dec. 15,
the
common
April
record
last year.
15.
■
and First Five Months of Fiscal Year
' —5 Months Ended29,'44
Feb. 28, '43
Feb, 29, '44
Feb. 28.
capacity,
Feb.
Sales
Co.—Plans Refinancing—redeem its 3.% %
the proceeds of
public sale of a new issue of $20,000,000 first mortgage bonds and
private placement of $3,'500,000 serial notes running to 1950. A group
headed by Halsey, Stuavt & Co;, Inc., is understood to have agreed
Cudahy Packing
>
announced on March 7 that it plans to
and its convertible 4s of 1950 With
The company
1955
of
bonds
■
,
;
Mfg. Co.—Operating
Dayton Rubber
At Capacity—
•
stockholders' meeting March 6, A. L. Freedlander,
President, reported that following last year's record volume of business,
operations continue at capacity, with incoming orders in excess of
billings.
This situation is likely to continue for the indefinite future,
annual
the
At
:
problem for the dura¬
will be one of the
achieving adequate production to meet unprecedented demand.
The
schedule for converting operations to synthetic rubber was reported by
according to Mr. Freedlander, and the company's
tion and for at least the immediate post-war years
/
'
r
Quarterly Payment—
Records, Inc.—Increases
Decca
.'
time.—V. 158, p. 1529.
Freedlander to be on
Mr.
-
March 7 declared a regular quarterly dividend of
30 cents per share on the capital stock, par $1, payable March 31 to
1 holders of record March 18.
In each quarter of last year the company
The
directors
on
.
a
Dec,
14,
1943,
dividend of 25 cents per share, and on
extra of 40 cents per share was also disbursed.—
quarterly
regular
paid
•
an
member of the board and of the executive committee,
New York City on March 2.
He had been President of the
died
in
a
the latter
December, 1940, and Chairman from
company from 1925 to
date to Jan. 1,
1943.
''
.
$3 Prior Preferred Divi¬
Dividend—
The directors have declared a dividend of $3 per share on the prior
preferred stock from the earnings of the year 1943 and a dividend,, of
40 cents per share on the "A" common stock, both payable April 1 "to
holders of record March 20.
On April 1, last year, the company paid
$3 per shave on the prior preferred stock ana 30 cents, per share cn
;
Net
v
from
Net
ry.
Phillips,
S.
appointed
—V.
President,
Secretary.
successively
/
for
159, p.
this
for
Sales
;.
Period—
of
Month
First
•
two
—V.
1944
February—-.—$1,732,993
months of year
3,648,792
•
of
company,
limit
vious
'
outstanding cumulative preferred stock and the par or stated
stocks of subsidiaries outstanding and not owned by the
of
"Du
would exceed 85% of consolidated current assets.
was 75%.—V. 159, p, 840.
Dixie Fire Insurance Co., Greensboro, N.
is
vided
The pi*e-
C.—Two New
J.,
p. 3669.
Doehler Die Casting Co.—37^-Cent Dividend—
;
.
The directors have declared an interim dividend of 37Va
on
the common stock, payable March 29 to holders
•share
cents per
of
record '
follows; March 29, June 28 and Sept. 27, 37^ cents each; and Dec.; 24, 75 cents.—V. 158, p. 2189.
March
22.
Payments last year
Dome Mines, "
Month
Bullion
were
as
Ltd.—Production Declines—
Feb., 1944
Jan., 1944
Feb;, 1943
$446,468
of—
$461,875
$501,653
(value of)—.
—V. 159, p. 637.
output
to
excellence
Dow Chemical Co.—Link With German Cartel.Denied
—Produced 84.2% of
of
smear
the Triiman
told
of
attacking the
a
of
campaign
Committee
in
a
-
special session called on magnesium:
*ess
of
ak.e
claims
than
then war
they
It pretends these
both
the
should
Dow
have
Every
emergency.
act
charges
Chemical
been
to
Co.
meet
complained
are
and
proven
the
facts.
nation
By
were
'
the
magnesium needs
of by the Department.
^s+lce f13 -against the public interest was actually in the public
Dow"
"The
,
It
has
*
1 anyofle' impeded- -the -magnesium -program—it was hot "
Dow Chemical
served
treated.'
Co.," said Dr. Dow, "has been unfairly
in spite of and not because of the Govern-
the-nation
claims for relief as
has
made
been
Balance
Sheet Dec.
72,27.9
g
v
170,127,498:
*Ca«h
51,292
23,417
Inveutorie*
its
,
.
'
.
17 plants.
Total
-
of England.
The
:
•
and
474.341,642
469,401,7551
40,035,810
38,943,767;
4,105,942
3,851,670]
1,115,452,968 1,041,089,533]
—
payable, trade...—
'
of; settlement)
payable on preferred
pay,,
5,048,061;
stock.
1;899,956^^
V1,899,95B|
24,503,833
26,239,727]
17,113,487
25,834,652
,
25,513,526]
liability with
(est.)
Jialailities
to employes under bonus
1
accrued
Other
12,786,431]
renegotiation of war materials
to
contracts
■
.
——19,287,266
advances, etc.—
^Federal taxes on income, and
respect
18,978,842
—v
advances, (less charges
contract
Miscellaneous accts.
and certain
not make
18,634,974]
iiProv, for awards
plan
/tfReserved
6,411,034
33.231,818
pensions
for
and obsolescence
1.
211,874,502
Reserves for insurance and contingencies
31,613,430
$$4.E0 cumulative preferred stock—168,885,000
-Reserve for
deprec.
stock in treasury
—
303,493,297]
—Drl,696,486
1,115,452,968 1,041,089,533]
Total
*
30,559,76"]
168,885,0061
222,450,2401
335,065,394
1
Surplus
<'Common
5.991,196]
35,617,9071
183,969,451
222,450,240
($20 par)
stock
Common
Including U. S. Govt, advances. 1943,
reserve
for dbubtful accounts
fLess
$39,211,631; 1942, $30,120,991.
and notes, 1943, $3,094,331;]
1942, $2,685,986.
i'Represented by 1.688,850 shares no par value.
§In ;1943 includes Federal .taxes on income and liability with respect]
renegotiation of war materials contracts (est.), $151,682,494, less
U.
S.
Govt,
securities, $134,569,007; balance, $17,113,487.
In 1942,1
includes liability to U. S. Govt, resulting from renegotiation of wa.y
material
contracts,
$21,900,000; Federal income and excess profit-.!
.
to
(est.),
taxes
-
total
less U. S. Treasury tax notes,
$25,513,526.
$ 107,018,526,
above,
as
'
HExclusive of $2,667,634 in
current liabilities.
$ 103,405,000;|
1943 and $1,903,161 in 1942 included
in|
$26,204,504 obligation to trustee for funds!
borrowed from pension trusts and, " in ' 1943, is after deducting cash|
of $10,315,422 held by trustee of pensions trusts,-;
f)Including in both years
.
New Plant Under
Construction—
started construction "on its Patterson Scree?]
division plant at Towanda, Pa., which will manufacture luminesceni
chemicals.' The Patterson Co., acquired
by du Pont in July, 1943i
was
a
pioneer in the manufacture of fluoroscopic and X-ray inten-:]
sifying screens.
The new 1 plant > will make phosphorus in sufficient]
quantity to supply American industry with materials hitherto importecj
fropi England.—("Wall. Street Journal.")
.
"
The
.
company 'has
Plant in Tennessee—
being considered by E. I. du Pont]
as the location of a post-war nylon plant, E. K|
Gladding, manager of
the nylbh division, announced on Feb. 29rt
according to a Wilmington, Del'., Associated Press dispatch.
"Options have been obtained on tracts of land on the north sidof
the
Tennessee River
northeast of Chattanooga/below the/TV;]
Plans Nylon
• ■
A
•
de
-
these and other
13,lo7,6(isl
25,737,2,73
2,993,946
.
process
Dividends
>
information."
and scientific data obtained under
14,127,668
25,786,896
investments.
treasury
—
Govt,
S.
in
company
inventions
J
Liabilities-
U.
report
scientific
'"The
in
j
.
7,811,060
15,182,475
charges
Accounts
volume of
.-::y..v.?■».v"
cost
and
-7,745,927
216,000,0001
,
f23,447 shs,)
Plants and properties, at approximate cost.....
Goodwill, patents, trademarks, etc
—
Deferred
44,683,912
'84,020,75$
.
„
at
1942
L.-'. g ;
119.795.273i
6,996,604
controlled companies not wholly
slock
Common
customers
given to
.
of
securities
Other
:
disclosed by company in its
applicable administrative costs, taxes,
expenses for ..which the Government
does
were
(est.)
tax
owned,
Co.—Annual Report-r
increased 17%, and the over-all
re-
83.320,060 :
11,793,480
231,500,000
Accounts;receivable,- advances, etc;-_
General Motors Corp. com. stk. (100,000 shs.)
Post-War credit with respect to excess prof-
"
and "the smallest rtet income.
for
45.131,4^9
trade_:^——
,
Misc.
Securities
Nemours &
securities
fAccounts and notes receivable,
38,330
21,972
pro-'
31
1943
:
w
•
calls attention to the fact that the relations of the
with this British chemical organization had been
referred to in previous reports, that the existence of the agreements
which are the subject of the present attack has never been concealed,
»and that copies have been in the possession of Government agencies
for approximately
ten years,
In foreign territories- these relations
have involved joint establishment and ownership of several local enter¬
prises, mainly in Canada and South America.
The
more, direct
value of these relations, said the report, "has
arisen from successive contracts, over a long period of time, providing
for
a
mutual opportunity to
acquire patent licenses and technical
:
duPont
The Department ot Justice has at vavious times and in ^various places
to force into the'Dow war reqord certain charges growing out of
deduction, it
provision
adequate
Consolidated
civil action filed recently by the Department
Justice against duPont and Remington Arms Co. charging violation
the anti-trust laws in relations with Imperial Chemical Industries,
Ltd.,
tried
peacetime operations.
to
Assets--
report refers to the
The
Magnesium in United States in 1942
Department of Justice as the authors and
linking his company with a German
cartel, Willard H. Dow, President of the Dow Chemical Co,, on March 6
Vigorously
spreaders
that
believed
is
.
.
N.
regard
wifhout
is
taxes
by Section 722 of the.Internal Revenue Code.
It
report said, "by somewhat lower charges
and amortization of special plant fa¬
cilities, and were adversely affected by higher wage rates, raw material
costs and generally increased operating expenses."
The report stated
that "It is believed that adequate provision has been made to cover
Federal taxes and for any liability to the Government • which may
result from 'renegotiation'
of war materials contracts for the year
194J."
•
1
'
Dividends'paid on the common stock aggregated $4.25 a share, the
same as in
1942, and compared with $7 a share pa*d in each of the
years 1939,
1940, and 1941. Quarterly dividends of $1.12 Vz a share
were
paid, on the preferred stock,*
.
Plants built by the company for the Government and others during
1943 cost a total of $192,210,000.
Due to Government, allocation of
materials,
only
$14,600,000 was expended on construction of the
company's own plants, all for production required for war purposes.
In the review of the second year of participation in the war produc¬
tion program, the report said that work in the company's 31 research
laboratories had been largely devoted to problems connected with the
war
effort, the nature of which cannot now be disclosed; also that
the company, as a contribution to the prosecution of the war, had
given technical data or licenses under a number of patents, for the
duration of the war, without royalty or other charges to the United
States and Allied Governments and to companies which are du Pont's
comoetitors in normal times, these grants involving important processes
or information, developed through years of research and proved
by the
company's owned experience.
; • '
'
-Armv-Navy "E" awards were given to employees and management
of 16 additional duPont plants during the year, and stai-3 for continued
Jackson;
Newark,
(principally on. a fixed-fee basis)!
Operating Revenues."
"Other
for
negotiation of war contracts.
,
•
of
S.
included in
tProvision
Earnings were benefited, the
extraordinary depreciation
President of the Bankers Indemnity Insurance
and C. Richard Macgill, special agent for the
fire companies of the group in
Eastern, North and South Carolina, <
have been elected directors.VRichard G, Guthrie, Treasurer of The American Insurance Co., has
been elected to the same position with the Dixie company.—V
144
P.
Harold
63,941,275
figures do not include the value of products manu-j
Government-owned plants;
Compensation for con/
sales
U.
in
/tructing and operating such plants
for
•
Directors and Treasurer—
Co.
Pont
factured
for 1943 were revealed as $585,481,521.
In
addition to this, in the operation of government-owned plants the
'company manufactured war materials having a value -of approximately
$231,355,000,
products manufactured for affiliated companies and
others
aggregated approximately $39,402,000, and inter-departmental
billings amounted to approximately $61,561,000.
Thus it may be said
that
the over-all
volume of the company's operating activities for
the year amounted to approximately $917,800,000.
Ltd.-—Amends By-Laws—
preferred
value
•
distributed March 7 to 85,915 stockholders.
from all sources, including $20,000,000 in dividends
out-of-pocket
week
value
69,706,819
year
on
on
.
sales to customers
Sales
additional borrowing powers.
43,908
sales volume in its history
since 1938 except one were
reimbursement..
and. common stockholders at a special meeting held
approved an amendment to the by-laws giving the company
The amendment provides no new indebtedness shall be created if the sum of consolidated liabilities, aggregate
The
!•
$196,170
-
stock after deducting
159, p. 636.
last
€8,941,275
5,000,006
preferred stock—
—7,599,825
7,599,825!
common stock——
:
47,224,665:%47,224,141
Common shares outstanding—
11,109.993
11,107,840:
Earned pev share
$5.59
$5,07
duPont co.'c equity in profits of controlled compan'e; not wholly owned exceeded the divi• ±\
received from such cos. by approximately——
1,225,000
540,006!
Dividends
Dividends
"
increased 21% .
Compensation
after taxes for all services in construction and
operation of government-owned war plants was equivalent to less than
i/2 of 1% of the combined construction and operating costs.
The net
compensation received for all these services during the entire four-year
period from 1940 through 1943 amounted to approximately 40 cents a
share, an average of about 10 cents a share a year on the common
16.6%
41.4
$2,078,342
4,119,735
5,303,873
69,706,819
contingencies—
for
income for the
Net
operating activity
Decrease
1943
-
Distillers Corp.-Seagrams/
Provision
annual report,
whereas
New
Corp.—February Sales Off 16.6%—
corporation, including the A. S. Beck chain of shoe
-
At
-Total
.
from
investment In General Motors Corp., amounted to $69,706,819. - This-; is
equivalent to $5.59 a share on the common stock, compared with $5.07
in 1942, $7.49 in 1941, $7.19 in 1940 and S7.66 in
1939. The 1943
earnings
from all sources increased 9%
over the previous year,
stores, were as follows:
.
$303,365
49.683
income
63, 349, 549.
any .year
1943
Diamond Shoe
.
$288,659
72,965
railway—.
oper.
(E. X) du Pont de
Inc.—New Secretary—
announces that Renshaw Smith, Jr., has
Mr. Smith joined the company in 1922
as
-
Reversion
•
1941*
$340,775
railway
The largest
York branch manager, Chicago
sales manager, and general manager of Wadsworth Howland Co. (Bos¬
ton
affiliate), before assuming the post of general sales manager,
which position he now holds,—V. 159, p. 839.
■
served
63,637,40;).
Less
;
1942
1943
•
Devoc & Raynolds Co.,
has
Atlantic Ry.—Earnings—
1944
January—
Gross, from
Earnings
E.
3,969,280
t3.184.000
Marketable
prior preferred stock is also entitled to an additional cumula¬
share per annum, but only if and to the extern
that there are net earnings for such dividend available in each year
Since
earnings in '1943 were sufficient, this dividend has been de¬
clared as above.—V. 158, p. 1345.
and
2,065,935
4,356,576
t3,713,000
—
-
The
been
2,116,967;
other income ineti—
provision for Fed. taxes on other income
_
-
tive dividend of $3 per
/
40,786,186
20,000,000
dividend of. $1 per
$4
Duluth South Shore &
paid
These dividends have, been
November,.
due.
as
the
on
common
May, August and
ruary,
»
46,946,276
20,000,000
/ Miscellaneous
cumulative.preferred stock, series A, no par value,
payable April 15 to holders of recox-d April 1.
An initial distribution
of 59 cents per share was made on this issue on Jan, 15, last, which
was at
the rate, of $1 per share per quarter and covered the period
from Nov. 22, 1943, to Jan. 15, 1944.—V. 159, p. 549.
stock.
Distributions of 75 cents per share also are,
made on the prior preferred stock each quarter, the last payment at
that rate being made on Feb. 1,1944.
The prior preferred stock is entitled to a l'ully cumulative dividend
of $3 per share per annum, payable quarterly cn the first day of Feb¬
"A"
the
16 and Nov. 15, 1943.
directors also, declared- a regular quarterly
share
t!18,307,000tll3,533,000
—
Operating and other income..
-.
69,706,819
oi provision for taxes on income in
prior years in excess of requirements
v
;
~
Feb. 15, May 15, Aug.
The
Dennison Mfg. Co.—To Pay
dend and 40 Cent Common
,
tracts
on
on
368,146,417 292,285,069
47,554,017 44,718.141
31,985,577 32,140,989
Operating income,,—
.—
Divsy from General Motors Corp. common slk._
lncom!
from invest,
in controlled companies
not wholly owned
/
934.
p.
612,939,287; 523,463,385
—
-
sold and ether oper. charges
general and administrative expenses—
Provision for depreciation and obsolescence—
Provision for Federal taxes on oper. income
(allocated portion) and for liability with re¬
spect to renegotiation of war materials' con¬
of goods
Cost
'
The directors on March 3,declared a dividend of 75 cents per share
the common stock, no par value, payable April 15 to holders of
record April 1.
A similar distribution w-as piade on Feb. 15, last,; and
.
V. 159,
Total
•
Selling,
.
$
.
585,481,521 498.313;857
—27,457,766. 25,149,528
freight, etc.)
:
Other operating revenues
Declares Dividends—
•
; $
outward
allowances,
returns,
of
(net
-Sales
.
-
also a director of the Lehigh & Hudson River Ryv;
Green Bay & Western RR.; Western Electric Co.;' the Marine Midland
Trust Co. of New York, and the Great American Insurance Co. ' He
•was
also a member of Eastern
Railroad Presidents' Conference.—
Mr, Davis was
■c
1942
.1943
v-
•
in 1943 for every dollar
px;esented- figures showing that his company had brought the
price of magnesium down from $5 a pound in 1915 to 21 cents a pound
in 193.9 and that at Freeport, Texas, they had not only established- a
plant for extracting magnesium from sea water, for the first time
in the world, but had also established a well-rounded. chemical indus¬
try to "serve the South,
_
|Tne company, it was recently 'announced, has cut the' price of
polystyrene plastic molding powders to 27 cents a pound from 30 cents,
the first change since the price was reduced from-45 cents in 1942.)
Western RR.—1Obituary—
Delaware, Lackawanna &
(0.6 pounds)
much
Income for Calendar- Years
Statement of Consolidated
»
'Dr. Dow
1936.
J. M. Davis,
;
group.
utterly baseless."
«
•
V. 158,. p.
-
Dow
.
bond issue.—V. 159, p. 734.
to market the new
the
by
invested with the
others."
•
■'
"Now we come,"
said Dr. Dow, "to another. matter . out of whiOh
has been created the serious charge that Dow was a member of an
international 'cartel and that its production' arid prices were ruled by
the I. G.
It is an infamous charge.
It is alleged, but I have no perserial knowledge that it is a fact, that the.I. G. arid Alcoa entered
into an
agreement'. by which an American' company known as the
Magnesium Development Corporation was formed." To this coriipany
the I. G. transferred its production and fabrication patents.
A production patent has to do with; the making of magnesium metal, a fabri¬
cation patent has to do with alloying and working the metal after
it is, made.
None of us in our company ever heard of this contract
between I. G. and Alcoa known as the; A'.ig contract until wc were
charged in an anti trust criminal action with having agreed to limit
our production to 4,000 tons a year.
It then appeared that the I. G.
had transferred its production patents to M. D. C. on the stipulation
that, if they were used, American; production would not exceed 4,0.00
tons a year.
In fact, these production patents never were used -by
M. D. C. and so the limitation never came' into effect,
Thev were
never used in this country until Basic Magnesium took
them up for a
Deiense Plant, Corporation contract,
But, regardless of tnat, Dow "was
not a party to the Aiig contract and knew nothing of it and the limitation did not apply at.all the I. G. fabrication patents which are the
only onces in which Dow was ever licensed,
The charge, you see, is
half as
W
pound of magnesium produced
The Government; has an investment of
investment of 80 cents for every
an
1943
$1.67 for every pound of magnesium produced in 1943 by the others.
The Government received 1.2 pounds of magnesium in 1943 for every
dollar invested with the Dow group.
The Government received only
„
$4,333,149
$4,680,143
.
ih
43
159, p. 630.
—V.
,
$769,318
$837,896
—.—-
has
—-
testified Dr. Dow, had only 44%
turned
1943
Sales for February
Month Ended
possible
arid developments, /through
the magnesium plants established
out 60% of the magnesium.
of
ity
which have been a common prac-i i
the company would defend itsY |
believing, such action to be in the
of national defense.
The company reported that post-war plans are being studied to the
extent thai war commitments permit.
Pointing; out that war demands
have increased output
of certain chemical raw materials out of all
proportion to previous peacetime-requirements, the report said it -is
possible that new experience and new vision may find uses for these
materials In quantities not heretofore deemed practicable.
previous course of action, firmly
.; public, welfare and in the interest
.
of the rated capacby the Government, but in
They operated at 107% of
while the others operated at only 46V .
"The Government
The Dow group,
*
•
report said that, should It be the policy of the Department of
to attempt to prevent the continuance and expansion "of such
immensely beneficial arrangements,
tico
in
American industry,"
then
.
metal-in airplane building,- was made
only, because .of; the independent research
the'years, of the Dow Chemical Co." -
•
on
in
The
ail the magnesium output in the country and the Dow 'know
how', produced 91.2%.
"The alloying and fabrication program of the Government, and con¬
Crown Drug:
on
:
the standard of
84.2 V, of
.
The directors
in magnesium production/Dow
the critical year
1942,
"In
V.
...
v::
"Shipments thus far this year were reported appreciably higher than
for same period last year,"—V. 150, p. 107.
' '
$1,025,000.
program
to the
contracts." it was declared, have "aided materially in raising
living in this country. They have been of inestimable
the present war effort."'
- ■
foreign
of the Government, and consequently
Allies, was made possible by the foresight
of the Dow Chemical Co. in having ready the facilities for production
when and as the materials were needed.'
f'
h
magnesium
of supply
service
the
1942.
for
The
ment.
>
settlement
charge for
post-war adjustments was $1,845,000. . Balance transferred to surplus
after special" charge for post-war adjustments but before dividends was
$43,000,000 after provision for renegotiation based on
Net profit after income taxes but before special
over
Monday,'March 13, 1944
FINANCIAL CHRONICLE
THE COMMERCIAL &
1038
site near
Nemours
neering
"The
program
Co.
project," Mr. Gladding said, "so that engi
ground could be made." ,
;
du Pont company is planning to
enter upon its long-rang
for increasing, production of nylon yarn as soon as. genera.J
Chickamauga
,
Chattanooga, Tenn., is
&
Dam power
of
surveys
the
conditions permit.,
"The
proposed
,
comparable in size to th<'
Martinsville, Va., arid would eriiploy at th<
plant would be initially
company's nylon plant at
beginning about 1.003 people."
Mr. Gladding added du Pont was
"considerably"
to
take care of
'.
planning to increase nylon
anticipated post-war demands,
outpui
sayin;J
Volume 159
the capacity of
Martinsville
At
company's other plants at Scafoard, Del., and at
be
"materially expanded."
nylon output is allocated for war purposes.—-V. 159,
' ]$}'
\
['
"
>'
1| '51
yi«
%
securities, surplus
;•»'■> WW
1942.
After deduction
r
■
it:-;-.-*
consolidated
Depreciation' and
Y $16,069,666 $15,807,277
depiction.
and
discount
4.316,058:
4,967.868
5,152,291
Interest
—V.
5,264,443
2,470,256'
589,853;
r
2.332,761
572,180
expense___,_^^_^_»_„__„
■
158,
cf
ferred
Dividend requirements
for dividends--...
FederalWater& GasCorp. (& Subs.)
4.Vz %
on
prior pfd. stock
Years Ended
$3,166,667
$3,044,566
1,108,729
1,108,729
$1,935,837
Operating
available to
6%
pfd. stock
pfd. stock
$2,057,938
$5.50
$5.17
1943
"The
"
—V.
$20,574,481 $20,059,003
deprec.,
etc.)
12,245,418
%
___—____
income
Federal
(incl.
expenses
taxes
General
-1,469,937
2,058,213
2,047,477
166,675
72,253
141,939
'
108,307
tax..__„l__^
profits
excess
11,740,551
'
l,316,518
taxes
State-income taxes—
:
i
than
more
provision
for
that
154%
than
more
the
alter
was
in
price
of
paid to pre¬
-
advertised
our
1942.
increase
68%
provision
stockholders in dividends,
wholesale
$20.-
represents
year,
products
last
year
'■'
"
that
over
of
1941
only 2.5%Y
was
they
in
were
1939.
Our
average;
Prices of such
lower than their average in
%/•
:■
1929."'
;.
•
General Gas & Electric Corp.—Dividend Approved—
■
Federal
year-end.
14%
tax
earnings
contingencies, and
the
at
or
1943
159,. p, 637.
1942
$32,725,862. or 31% morn
Employees on
the
payroll
11,777
Total
company's net
as
1942
of
$23,783,162,
1942,
common
same
totaled
1943
$25,037,302.
total
a
prices today are 11.5% above what
products today, however, arc 27.2%
Earnings—
31—
revenues
Operating
Balance
Earned per share on 6%
—V. 159, p. 934.
Dec.
hr
average
the
to
totaled
lPi'i
bill
the
and
"The
of
amount
15%
$1,500,000 for
was
:l
in
tax
than
more
;
Net income available
1942
about
"Taxes
840,760
1731.
p.
the
increased
.
balance sheet shows cash of -$5,008,934,
against $5,398,074 in 1942; U. S. Government bonds $10,814,697
against $9,2x0,768.
Total investments increased $2,909,657 over
last year to $23,203,599.
Total admitted assets were $27,853,685, com¬
pared with $25,323,007, an increase of $2,530,678.
Reserve for loss
liability was $3,203,994,' compared with $3,615,870 in 1942, and un¬
earned: premium reserve was- $3,087,661, against $4,239,421 in
1942.
1943
1944
income_i-l.—
lor income
"Wages and salaries paid in
than
V
against $5,-
"
■
■
1039
of $34,900
$14,359,604, compared with $12,-
was
a
003,964,
p.
Associates—Earnings—
12 Months Ended Jan. 31—
Provision
Debt
sale of
on
633,356.
Consolidated
i-Vi1 '
i,
Eastern Gas & Fuel
Total
loss
'
.v
'
•'
>
$551,188, compared with $561,356 in
the
would
present all
i>. 84o«
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4263
The
and Exchange. Coiriinissionvon.'March 8 approved • the'■
by the above corporation to pay out of capital or unearned
$1.25 quarterly dividend ;on its, $5 par preferred stock for;
■the period ended March 15, 1943.-
Securities
proposal
surplus
a
,
Eaton & Howard Balanced Fund—Regular
:
The
haVe declared
trustees
share
per
record
the
on
March
the
capital stock,
17,
This is
Other
'in
"extra"
or
when
1943
dividends, if
consecutive
"extra"
of
20
any,
cents
Charges
week
ended
Power &
during. 1943
*.
were
American
Electric
Power
Power
National
&
&
Power
1944
Light Co.
Light
1943
v
95,211
13,813
83,731
106,421
Co.
Net
pany's
capital
shares
two
common
$20
$20
value
par
held.
now
First
first preferred
par
second
preferred
preferred
made
cf
.
each
for
each
share
preferred holders will
stock
holders
for
each
likewise
$100
second
par
share
will
of
$100
five
The
SEC
will
hold
preferred
of
22
cash
treasury
par
share.
of
is
opened
on.
acquire,
holders
of
the
pursuant
The
company's proposal
purchase of shares of
the
of
preferred' stocks
irl
purchase
price
for
Engineers
of
any
the
to
preferred
where
shares are acquired by purchase
proposed to be paid by Engineers.—V. 159, p. 934.
Society
,
has
holders
"The
vidual
in
policies;
recent
on
Parkinson
'i£r.
payments applying to most
favorable
the
4
ts
held
now
the
for
total
the
of
estates
This
of
of
trend
of
payment
premiums
all
policies
the
:
■'
•'■■■
directors
to
a
$5,049,012,000
future
paid
new
benefits,
into
protection
of
$3,396,566,000 finder
159, p. 735.
and
have
stock,
This
declared
'
the
under
1,851,000
dividend-of
-
:
the
V
See
159,
T.
-
and
1
>
made by
were
allied
fields,
»
this company,
located
at
instru¬
St.,
30 State
■
,
accelerated
an
formerly Chairman
committee.
%
Burke,- who
Mr.
Locke, .formerly Vice-President,
from
the
elected
was
■
Engineering
is
;
Manager,
the
comprise
management
.
Hills
E.
Assistant
Jr.,
been
has
who
Treasurer of the
associated
with
company.
-
-
General Telephone Corp.—Director Elected—
Pearson
production schedule
resulting
Shaw,
the company since,.
1922, nearly all of which as Commercial Manager, will continue in that
position but in addition has been appointed Assistant Secretary and
$25,000,000 VT-Loan—
receivables
and
Eastham,
Treasurer
.committee.
Charles
higher
tion
Winslow
H.
has
English.
•
elected
been
director, to succeed the lata
a director of the corpora-'
a
Mr.. Winslow served
from February.
as
1936, until January,
1940.—V.
158, p. 2045.
Detroit—Large Order Received—
it
that
has
received
General Tire & Rubber Co.—Acquisition—
$17,000,000
a
This company
con¬
\
;v
7 %■:/%%%
,
,
of
158^-p.
86.
Securities
and
that the company
5
Railway
Railway
/
Exchange Commission
a
to
25$ '
Co., it is understood"
159, p. 109.
Railroad Taxing Act
Railroad
filed March
of
registration statecumulated
1938
Equipment
Joint
■ 1943
$155,958
143,303
4,722
120,79.9
4,613
2,545
.
2,288
2,107.
3,454
Act
———
rents—net—debit
facility
>
8,928
Unemploym't Insurance
——
■
2,349
of 1937——-.—
2,136
2,031
$32,281
1,090
$20,666
$33,371
$21,687
rents—net—debit—_
Net railway operating income
Non-operating income —
of the sale
1944
$196,264
1
,
operating expenses
tax' accruals—regular—
Federal
proposed offering of 60,000 shares of 4 Vz '/<■■
a
Rubber
(''Wall Street Journal.")—V.
Federal
March
&
Month of January—
Railway- operating revenue
,
•
announced
.
minority interest (some 20%
a
in the Mansfield Tire
Georgia & Florida RR.—Earnings—.
-r
.
.
has purchased
stock)
in Cleveland.
77
,
resigned als ViSe-President.-—#.
capital
Gross
income
Deductions
'
-
—
—
stock,
Similar
8.
Traffic
—V.
declared
$1,
par
payable
distributions
of
dividend
a
March
made
were
10
13
on
cents
share
15,
1940.—V.
158,
1,021
——323
347
$33,048
—
Feb."
29—
$21,340
1944—8 Days—1943
$47,450
<
•
'
'
'
v
S
oil
acquired
shares.
to holders ox record
April 24 and Nov. 15,
to
response
been
will
'
•
12,993 Shares—
the company's invitation
which
v',''
reduce
stockholders last month-
to
share, 12,993 shares have
capital
outstanding
the
70,588
to
This
bought
acquisition involves $162,412.
The amount of stock
about one-third of the available supply, it having been an- ■
was
nounced
store
$301,651'
$364,464
«»,* '
tender their stock for purchase at $12.50 a
to
:
1944—2 Mos.—1943
$39,293
4
t
.
Gilchrist Co.-rPurcliases
1636.
p.
-
935.
p.
T V 4
*
v,
Dividend
per
income.—
from
earnings
159,
'
and on Dec. 9, 1942, as against 5 cents each on June 10,1941,
Aug.
on
have
-
——
Surplus applicable to interest
that
the
of
none
executives
would
be
holdings
officers,
of
tendered.—V.
159,
certain
directors and
841..
p.
*
indi-
-
•'
to
31
since
■"
25
'< '■
v
■■■■■'.
Net
Cost
employed during
1943
Average
earnings
of
was
record
paid
Y
on
%%■
"
1944
,
and
reserve
for
compared
company
and
its
Co.
the
previous
*$681,834
post-war
subsidiary,
compared With
year.
Net
1942,
with
and werfe
average
highest
the
1843,
As
record
a
of
the
total,
date,
same
affiliated
of
companies
which
41,136
had
in
68,032,
employees
entered
Other
the company's payroll on Dec. 31,
on
the
or
397/s,
General
of
armed
were
Electric
and
106,900 employees.—V, 159, p. 841.
normal
Profit
"Last
1943
t$556,437
reconversion
and
renegotia-'
Vigilant
of
a
underwriting loss
income aggregated
net
investment
1942,
First
This
•
in
$11
every
was
year
1943
"
at
the
of GF
Sales
was
made to the
Gov¬
totals
150,000
.
amount
was
rate
$14,144,847,
of
$2.42
a
compared
common
common
shares
to
share
$13,810,034
on
in
the 5,575,463
and compares with $2.50
outstanding
at
the
close
before paymeht of $675,000 in preferred dividends
cumulative preferred shares, but after all charges,
are
1943 provision 'for contingencies
set
up' for
$479,247
133,871
133,871
profits
excess
tax
necessary.—V,
158,
Grant Co.—February Sales Off 4.44%—
159,
1943
1944
months
p.
of
year
Decrease
$9,983,809 $10,447,163
19,460,678
19,829,003
—
638.
.
$463,354
358,325
'
"
; (II. L.) Green Co., Incr— February Sales Off
Month
—V.
of
February—■
2%—
1943
$4,275,745
1944
$4,191,083
Decrease
$84,662
159, p. 638.
Goodyear Tire & Rubber Co.—Annual Report—
P.
before.
was
5,254„440
$4.50
a
$616,275
200,809
Federal
February
two
W.
479,048;
Litchfield,-Chairman, states:
;
'
.
'
'
contingencies in
of $1,500,000.
1942.
The same
earnings carried to earned surplus amounted to $21,this result is after deducting provision for depreciation, inter¬
est, minority shareholders' equities in earnings of subsidiary companies,
provisions
taxes
ments
"These
272.000
$554,271
1
Consolidated
1942,.
taxes. and
for
4
452,334
1—
paid
'
,
400,000
Sales
shares outstanding at the end of 1943
.on-.the
Federal
income-
$259,858,252,
Army, Navy, Red Cross, or lend-lease.
The civilian
however, was able to purchase about the same amounts
as
were
available in 1942.
The company's sales of un¬
raw
materials amounted to $3,716,885 last year, compared
Income
share
on
of
—V.
the
$25,198,995 the
common
of
out
on
year..,.—
.provision
(W. T.)
foods
processed
a
$1
surtax
17,025;
$890,652
139,405
122,004 "
79,284
estimated
&
Period—
front,
GF
with
Insurance
year
ernment—to
for
Month of
Foods' record dollar sales resulted from larger volume and
newly-acquired companies.
The
company's average wholesale
prices/during 1943 remained at the same level as in 1942.
totaled
$1,190,613
2362.
p.
General
1943
18,837
$1,033,555
^
for
tax
Dividend
*No
$1,171,776
68,287
paid
■'Provision
•
$873,627
$965,268
—"
income
Interest
services.
.
'
income
Total
its
Sales of this corporation in 1943 were
up 12%, taxes increased 14%,
wages and salaries were" up 31% ,: and net profits increased only 2%,
Clarence Francis, Chairman, reported on March 2.
in
depreciation
& admin,
general
women.
Early next month General Profit Sharing payments amounting to
$2,820,000 will be distributed for 1943 to approximately 132,000 eligible
employees.
Corresponding, payments for the year 1942 totaled $2,838,000 and were made to
SoldJA^_—14,813,108
for
&
-Profit
1941
$17,224,988 $17,737,576 $18,682,210
15,120,502
16,257,279
937,090
947,368
1,004,677.
exps.
509,521
497,930
546,628
„
goods
Selling
in
•
number
of
1942
1943
sales
Provision
1942.
1943
the history
$2,756
to
number
during
139,939
amounted
corporation's 68,210 stockholders.
the 1943 annual' report made public on March 2, by Hendon
hubb, President, shows consolidated premium income of $7,516,580.
Phis compares with $11,566,168 in the previous year.
Losses, expenses
*nd taxes on underwriting amounted to $6,623,775, leaving net under¬
at $1,209,960,
in
The
2.
compared with $231,506,460. in
1.942,'.' Mr. Francis explained in a preliminary earning statement from
the forthcoming annual report which will be mailed this month to the
in
income
$2,730
compared
employee
per
company.
*
There were 175,290 employees
"Sales
(N. J.)—Issues Annual Report
wholly owned
with
171,133
was
March
of the
"Net
Federal Insurance
annual
on
from
—i
taxes
Swope announced
General Foods Corp.—Sales At New Peak—Earnings
for 1943 Equal to $2.42 Per Common Share—
holders
cents
earnings
Gerard
Steel Co.—Earnings—
Calendar Years—
President
insurance
group
Granite City
Earnings Rise—
of General Electric employees amounted to $471,650,000 for 1943 compared with
$382,039,000 for 1942, an increase of 23%,
i
estimated
$632,541
ager,
appointed
shareholders
finance
1
Brothers
common
home
)f
debentures.
General Electric Co.—Employees'
since
1,775,000
renegotiation,
tAfter applying actual taxes and
ion and reserve for post-war reconversion.—V. 159,. p. 6.
writing
urer,
Army
directors
Total
cents per share on
12 Vz
March
1937.
profit
This
been
underwriters
and
by
exceed
Society
jossible
,o.,
positions
radio
.
merly Superintendent, as Vice-President in charge of manufacturing.The directors, with the addition of Messrs. Carey, Thiessen and Charles
934.
p.
.
last year,
Plywood Corp. rieldw.—'V. 158, p. 2467.
9 Months Ended Jan. 31—
"After
to
to
used
159,
•
the
March
Farnsworth Television & Radio Corp.—Earnings—
et
has
GeHman Mfg. Co., Rock Island, 111.—10-Cent
Dividend—
dividend
Plywood Plant—
See United States
"opt. 30,
first
the
a
payable
$5,
par
is
V:;'■■' %'
■
Sells
letter
a
be
-■
The
policyholders and group
record high of $8,445,578,000.
Evans Products Co.—Resumes
21.
the
appointments in addition to Mr. Tucker as Secretary and Treas¬
are Arthur E. Thiessen, formerly Commercial Engineering Man-%
as Vice-President, in charge of sales, and Charles C. Carey, for¬
In
indi¬
experience
certificates.—See also V.
common
in
inventories
■'
with
types of
mortality
3,050,000
Society's
increased
includes
The
,
the
holders,
he
York
serial
dated
Executive Vice-President—
and the continued financial progress of the Society,"
stated.
"During the past several years the Society
certificate
March
New
indenture
$16,500,000 principal
1, 1974.
Jan.
Roy A, Fruehauf has' been named; Executive Vice-Pr§sident.
He
lias supervised the company's war production program throughout the.
war period.H-V.
159, p. 841.
During the past year new Equitable insurance issued under indipolicies
aggregated $294,544,000.
New group
life insurance
ssued totaled $250,943,000.
life insurance in force, representing the
ddual
of
$4,000,000 3
company 'announces
cipal
Idual
total
Co.
of
due
at $107.50
share all of' the company's outstanding
convertible preferred
The remainder of the proceeds is to be added to working
stock.
capital pending specific allocation.
Lehman Brothers and Watling, Lcrchen & Co. are named as prin¬
founding.
nsurance
'
•
,
although
Period End.
year's payments to policyholders and beneficiaries brought the
since the founding of the Society un
over five billion dollars.
These benefit payments, together
3984,387,000
con¬
the. commis¬
to
per
to
funds
series,
convertible preferred stock ($100 par).
The registration statement specifies that of the proceeds
it is planned, to. use approximately $3,428,700 to redeem
NYSE,
aggregate" rif, such:' payments,
with
information
before
furnished
be
New
the
will
ihent covering
stock
lolders.
Last
of
from; the
Lehman
nation, every day during 1943,
an
average
of
3587,000 was paid in benefits to Equitable families—a total-of $214,388,000.
This
included
payments
totaling
$78,647,000
to
widows,
children
and other beneficiaries
and $135,741,000 to living policy-
1859,
in
President.
trustee,
appointed
corporation's
issuance
3%
Trust
been
Fruehauf Trailer Co.—Registers 60,000 Shares of Alk%:
This has progressed
strengthening surplus arid reserves.
to the point where it is felt
that an increased distribution of divi¬
dends for
1944 can prudently be made."
Throughout
of
the
has
Preferred With SEC—
been
has
approved
'
Cambridge, Mass.—New Officers
Co.,
several
the
Mass.
Melville
agement
Appointed—
York
initial
an
Official Resigns—
*•
the
reflects
.
years
&
Charles E. Scrensori has
apportioned
in 1944,
year ago.
increase in dividend
be
accounts
and Secretary.
Mr. Eastham, formerly President,
of the board, will hold no officer-the former will temporarily continue in charge of
research and development with title of Chief Engineer.
Mr. Richmond
was appointed Chairman of the board and also Chairman
of the man¬
with its
loan
fy " •'
policyholders
a.
issue
an
increased
r-
•
$41,400,000 for distribution as divi¬
Thomas I. Parkinson, President, an¬
nounced on March 8 in releasing its annual report to policyholders.
This compares with $36,802,000
apportioned for dividends to policy¬
to
sale
annual meeting and directors' meeting, held on thev
number of changes in personnel and the revision of dutie;;
a
to
Mr,
ship,
Air Forces for construction of additional units
of the CG-13. Waco cargo glider, according to an
Associate^ Press dis¬
patch.
'
v
-,*• i
.be
-Distribution to Policyholders Larger in 1943—
The
and
$730,752
'
The
Equitable Life Assurance Society of the United States
dends
Feb, 28. '43
$691,839
for
agent
Bank
announced
tract
will not exceed $100 per share and accrued
commissions
for
fees,
except
the usual brokerage
commissions
are
elected
Feb. 29,'44
New
mortgage bonds
Ford Motor Co.,
acquired
any manner
dividends.
No
paying
of
-
providing for
production.—V.
sition, of
by purchase, during the six-month period next following an order of
this Commission permitting its declaration to become effective, either
on
the New York Stock Exchange or at private sale, additional shares
of its preferred stock to an amount which, together with the shares of
such preferred stock acquired pursuant to the invitation for tenders,
shall absorb the $4,000,000 of cash available for the acquisition of such
stock.
for
The
with
stock
preferred
—2 Months Ended—
corporation have authorized the management to
banks and the Navy a $25,000,000 VT-loan to replace
the $15,000,000 V-loan authorized last year, Paul L. Davies, President,
date, and in the event Engineers does not
such invitation fdr tenders, an amount of its
to
Trust- Co.
Chemical
arrange
sufficient to absorb the cash .available for the acqui¬
such preferred stock,. Engineers further proposes to acquire
preferred
the
of
of
Errol IT. Locke, Harold B, Richmond and
Henry S. Shaw, long identified with the company, continue as direc¬
tors, joined by Frank L. Tucker, formerly Comptroller, who was also
$381,733
•
-
Food Machinery Corp.—To Get
specified
a
and
first
Directors
(cumulative.) dividend convertible preferred stock, $5.50 cumu¬
preferred stock and $6 cumulative dividend preferred
stock.
Reacquired shares will be cancelled and retired.
Purchases
are
proposed to be made first pursuant to invitations for, tenders
to
that
Company of Wilmington, N. C.
Tide Watef to Warren W. Bell
sale
recent
makers
C.
dividend
submitted
$354,299
935.
p.
first
the new
its
day,
ment
$779,015
637.
p.
1944,
trustee
and
,its $5
lative
Ai
same
second
change
No
as
1,
The
•
par
value,
Power
the
the
on
for
293,019
Feb. 28, '43
Feb, 29, '44
Guaranty
amount
has
hearing March
a
$4,000,000
159,
Jan.
value
five shares of
shares
asked
Cambridge,
Florida Power Corp.—Trustees
Engineers Public Service Co.- -To Expend $4,000,000 in
Purchase of Preferred—
to expend
259,997'
$915,053
Water
General Radio
v
.
'-
The
•
5.49:
p.
•
211,015
p..2251.
159,
—V.
will receive $1.40 per share against $7 on the present stock,
the new second preferred will be on a $1.20 basis against the
$6 rate.—V. 159,
1942
$1,332,032
238,138
Month Ended-
preferred
while
Only)
1943
taxes
Period—
com¬
any
$25
receive
of
receive
of the preferreds
ratios
31—
Dec.
Sales
proposed changes in the,com¬
shareholders will receive
for
(Company
(M. II.) Fishman Co., Inc.-—February Sales—
13.7
12.3
11,661
Tide
concerned
.
cerning Tide Water's property
sion.—V. 159, p. 736.
$1,468,855
Messrs.
common
common
the annual dividend
in
ratified
6
whereby
$1,841,604
$1,364,208
and
registrar,
March
on
293,020
the
first
'
-
structure
•
income
-V.
Ely & Walker Dry Goods Co.--—Changes in Capitaliza-*
V".The stockholders
income-—-
8.0
11,480
94,760
The above figures do not include the System inputs
panies not appearing in both nnriods.—V. 159, p. 934.
{tion Approved—•
Wilmington and the second its recapitalization under corporate sim¬
plification provisions oi the Holding Company Act.
The petition for
pertinent
Pet.
Amount
171,918
185,731
Light Corp.
&
sidiary,
$1,761,875
—Increase— '
,
Operating Subsidiaries of—
$3,103,181
'
$2,052,620
211,016
Other-charges.;
-Thousands of Kilowatt-Hours——
,
Ended
Expenses
follows:
as
.
of net
Preliminary Statement of Income
Years
compared with the corresponding week
as
$2:806,720
Total income
March
Light Co.,
•
severarance
2, 1944, the System inputs of, clientoperating companies of Ebasco Services, Inc., which are subsidiaries of
American: Power & Light Co., Electric
Power & Light Corp., and
National
companies.
■
4 Balance
Ebasco Services Inc.—Weekly Input—
(he
subsidiary
Charges of Federal Water & Gas Corp.
paid in the final quarter, as:
share was paid on Dec. 24.--'
per
of
The
are
159, p. 445.
For
The Securities and
Exchange Commission denied Feb. 28 a request
by the corporation for severance of two proceedings involving a sub¬
$4,865,056
:
.
Balance
.
.
.
Plea Denied—
2*4,579'
income
Gross
distribution
quarterly
■
V.
income
$1, payable March 25
48th
since organization of the Fund.
For a number of years the trustees have followed a policy of paying:
the same rate of dividend for the first three quarters of the year.,
^Special
i
1
quarterly dividend of 20 cents'
to holders of
usual
par
the
Dividend—
and
necessary
to
for
United
amounting
other
to
to provide
enemy action.
In contrast to the
negotiation
.
for
States
and
$81,996,282,
contingencies
any
foreign
and
income
and
excess
profits
provisions for property adjust¬
to $5,000,000.
It was not.
reserves this year for losses due
amounting
additional
.
1942.report, which was after giving effect to re¬
that; year," the foregoing sales and earnings for the
1040
,
1043
venr
still subject to the renegotiation provisions of the Sixth
National Defense Appropriation Act as amended.
In
witn our 1942 renego^iaviou agreement, suostaniiai volun¬
are
Supplemental
accordance
during 1943.
not held by the
company,
the consolidated balance sheet includes $26,395,000 of net
investments outside of the United States, including approximately $4,1.89,000 of cash representing working capital of our various foreign
price reductions on war products were.effected
deducting the portion of foreign investments
tary
Alter
required in the course of business..
profits of these foreign subsidiaries amounting
incorporated in the consolidated profit and loss
—V.
statement,
of
assets
current
The
to
the
addition
in
available until June 30, 1947.
Botli credits are
ported,
■.
Foreign Subsidiary
and
Domestic
1940
sales
profits
Other income
Int.
on
2,065,237
■■ ■
profits
Total
& misc.
I.——;..:——
1,795,557
.
income
S.
U.
Common
44,328,705
46,189,062
117,230,970 118,876,967
4,609,101
1,000,000
8,000,000
21,479,048
3,080,020
4,113,713
_
_
Surplus
14,370,911
3,123,020
2,570,259
outstg.
12,831,397
3,190,653
2,825,899
2,059,168
(contra).
$
27,336,297
2,259,504
70,682,558
95,942,903
53,552,032
— —
990,987
Assets—
——
Government securities.-—--,-.—.-.:
and notes receivable—
"Accounts
Inventories
—
—
———
reimbursable expenditures
and
tCash
investments
Miscellaneous
:
24,123,082
3,251,727
64,604,427
94,191,967
34.567,306
income
—:
1
1,603,937
charges (excl. of int. on adj, inc. bonds)
on
adjust, income bonds (at 5%)-—.-
,
Operating
Net
—v.
foreign
payable within one
Funded
debt
stock
""Common
Capital
■Earned
7,656,727
-
.
.
.«■-
„
"8,9*81,639
61.235,400
share
64,411
.
Total
Inc.'after fixed chgs.
Other
12,395,428 ' 14.027,417
186,175.
14,736
$3,740,844
19,394,451
Depreciation
Amort, of defense proj.
676,971
44,427,255
183,433
.
.
$5,786,264 823,581,567 $17,226,679
- 343,589
9,374,922
2.931,648
3,595,649
9,043,000
24,537,718
tax notes of $14,908,936 in
1!Outstanding 622,954 no par shares.
S.
U.
Treasury
1943,
no
1942 and $56,411,192 in
""Outstanding 2,058,677
shares.—V. 159, p. 935.
par
those of
RR.—Earnings1943—Month—1942
Period End. Dec. 31—
Net
$75,381
income
"$69,241
"$35,581
$262,705
5,605
income
oper.
ry
Other
t87
14,889
9,171
:
income
"$69,328
$80,986
_
$271,376
"$20,692
deducts
Miscell.
income
21
—_c:
171
299
,
■
28,008.
Materials
•
3,254,054
6,492,876
and supplies__ju_«*.i—13,820,947
and
•
avail,
•$20,863
$271,577
3,509
227,049
42,880
271,302
■:/(,' 23
275
275
deductions
income
Net
"$296,421
$77,454
•
struc.
equipment)—
(way
and
+
1,350
3,554
_
105,805
109,566
2,405,000
9.000,000
8,010,000
2,515,000
5,518,585
.5,438,862
5,123,211
5.339,160
14,910,991
].•;.>?:\:iiV-
in
.
receivable from
bal.
Materials
accounts
and
current
$1,700
434,942
__
___
agents and conductors
receivable—______
supplies
-46,000
51,982
43,311
349.112
832,872
97,737
.
36,496
'
assets
—V.
159,
p.
■•vW'
2,674
$980,972
■
and
car-service
accounts and
Audited
Interest
matured
Accrued
tax
Other
wages
accounts
Miscellaneous
$1,115,970
payable___
payable
-————A-
$140,860
'"Month of January—
23,825
27,975
185,933
177,437
Operating
for
revenues
expenses
Other
—V.
than
159,
p.
U.
S.
;
$453,037
31,650
25.514
154 283
C—_
taxes.——_________
Government
taxes__
151 923
(M. A.) Ilanna Co.—25-Cent Distribution—
The
the
directors
common
on
March
6 declared
a
dividend "of ?5 cents ner share
stock, payable March 13 to holders of
March
12
record'March
and June 12
25
8.
cents
income
new
electric
/
1
cdal-stripplng shovel with the biggest capacity
$177,897
99,453
50;:,:,
income.^--.-—$43,382 p
$28,819
__.
Liability—
50.
43,667
$34,727
$20,554
16,929,252
the
Electric Co.—Reduction In Stock
-v"-.;
.
SEC
on
common
Marh
16,055,127
21,178,338
7
shares
Guaranty Trart
Co.—-Distribution in Dissolution— - : /
Co*., of New York, depositary, is prepared to
distribution of securities ard/or
and
preferred
cash to certain holders of com¬
stocks rpd divide"") notes of Indian Refining Co. .
surrender of their stock and notes for cancel- '
distribution), upon
lation.—V, 157, p. 1844.
20,250,151
3,762,678"; 3,702,678
stock
3,762,673
' 432,378
432,375
486,408
432,346
end of yr,;: 19,496,590
Earns, per com. share<$2.16
.18,173,061
$2.13
16,929,252
16,055,127!
$2.08.
«
Earn,
.
surp.:
,
Assets—
,
U.
j
1943
'■
P
'
1
; Cash
$1.97
Sheet, Dec, 31
Balance
securities—-—
S. Government
Sundry debtors
•
259,517
'
:
'
advances,
and
to
deposit "in
landlords,
etc.—
escrow,
21,680,280
;■
20,341,355
Inventories
Loans
$8,464.?52j
9,506,212i
307,350;
14,385,575
_i_—_
—
1942
,
$11,308,759
-
:—
■.■.-.-V429,065
—.
7; 418,021
refund of excess
•
________1,890,000
Prepaid insurance premiums, deferred
rental
expenses, etc. '
——
,V1' 270,723
Capital assets (less reserves)—^
:
44,980,656
Right
receive
to
post-war
890,000
profits tax (estimated)
,
604,437
47,274,568
1
*
r
__C—L!
t
-
—_
-
•
.*
.
1,
,
$93,865,651 $89,145,121
; Liabilities—
(trade creditors$1,228,570
Accounts payable (merchandise in transit)——'
1,210,483
Accrued salaries, wages,, taxes, etc,
.
2,841,699-■
Provision for Federal income, excess profits and
Accounts payable
stock
V;': -capital
for
Reserve
stock
"Common
13,238,243
taxes__
u-i-:--- $93,865,651 $89,145,121
Total"A—
"2,678,787 shares of no par
February Sales—
valup.!
—V.
of
months of year___
159,
p.
639.
,
Jacobs Aircraft Engine
The
annual
meeting
of
'
'
■
...
;■
1^44
$8,998,745
17,623,905
February_-:_—-i'
two
y-r U: :..- ■
::''
Period—
First
______
9,119,761
48.511,253
16,142,113
17,465.642
surplus
Earned
$947,013
765,840
2,019,053
:
11,640,088
adjustments—,
250,000
preferred stock ($10 par)—
9.119,761
.
48,511,253
post-war
special
cumul.
:
capital
number, of
Indian RefininT
The
(in
ever
■
>
pref.
Stock
.
cumulative
,
Month
approved a proposed, reduction. in the com-,
stock liability by $2,000,000 (without change
outstanding! and the creation of a capital,
surplus account of Jike amount.—V. 151, p. 417.
The
mon
A
s,:';,
159, p. -737.
—V.
make
each; Sept. 13, 35 cents, and Dee. 13, a year-end of 65 cents.-
Installing Largest Coal-Stripper-—
180
-
45,031
operating
Net
Net
panv's
936.
Payments last year were as follows:'
"f;b 1943 •• ■;
$178,077
.
Operating taxes
in
oti
200
__—:•—$197,307
108,844
operating property-w_*_f,____^,
lease of
Indiana & Michigan
Government
S.
i 1944
$197,507
3,908
$672,349
_
Total current, liabilities
U.
18,173,061
23,691/46
1.716,000
com.
67f
26,723
98,253
unpaid.—.
liabilities.
Telephpne Corp.—Earnings—
V.
—
9,153
<
Divs. paid on spec.
•
;;
76,134
69,177
__
$132,321
162,840
(Cr)
liability
current
e.vear__
surplus
| (Total "
4,513^371
v_.
Operating revenues ___—__________—_________
Uncollectible operating revehues____,
J
Rent
balances
.
558
Selected Liability Items—
Traffic
taxes—4,688,426
.
Indiana Associated
Operating
assets
current
Total
936.
156,733
44,525
.
U. S. Government
Other than
$1,700
_______—______-i 34,756,4.33
Government taxes
S.
U.
1942
etc., other than those
*
deposits
Miscellaneous
■
•,
>
22,368,114
3,762,678
Total
,ti'/i
*"■'•.
;
$68,123,492 $37,205,613
,, 10,324,915
Jlabilities_^_„U__.
Total' current
1943
stocks, bonds,
Cash
Other
.
Sheet, Dec. 31
of affiliated companies
Net
44,726
>
th
Goodwill, leaseholds, etc.
Balance
Special
103,822
exc.'prof. tax
for
sufp. beg. of year
Earn;
current
'
Selected Asset ItemsInvest.
"$64,018
&
tCredlt....
"Loss,
•
'$69,349
deductions
Deprec.
•
$80,986
_:A._„
charges
Interest
Other
fixed
for
136,992:
2.507,000
Selected Liability Items—
Inc.
->
,
80,556
for Fed.
Divs. paid on
20,268
20,739,
3,108,647
8,935,909
12,368,131
453,319
78,985
assets_1___,__i__^____u_i_:_i--_i.__;';$97,333,539 '366,225,625
"Jj
'
'
'
;
:
' ' '
• ' »' k
Funded debt maturing within six months:,-____i
$3,194,000 $3,018,340
Audited accounts and wages payablc_L__J—11,978,215
11,391,725-'
Miscellaneous accounts payable
iv '5,779,625 ' 5,421,858 .
Interest matured unpaid2,230,510
2,006,010
Unmatured interest accrued
.i.
—2,002,973*
2,193,422,Unmatured rents accrued_^.-__i—• •'
36,541
36,734
Accrued tax liability...
r.39,444,859 14,838,286
Other current liabilities.-.--—. 6,650,769
1,317,578
Total
.
.
recciv&ble_._ut;.-iu_-:—539,104
_':ou——__—-H108,754
dividends
Other current assets__
5Vr♦'.• •';,•>.*.
,
224,560
2,600,000
,
' 535^244
receivable_i_o.j_i.
accounts
Miscellaneous
216,306
7,064,313
.
inc. taxes
:
27,026,480
3,388,449
39,997,596
8,300,735
—__
:
employees' retrpst plan
pens;
10,289,769
16^286,221,
17.665,447
1,734,384
1,766,889
1,770,922
1,951,745
•
80,653,86b
2.311,163
250,000
$662.3,*5- $3,902;429l;;
.24,256,221. .10,824,698,
car-service balances (Df)J_.
Net bal. receivable from agents and conductors .•
Interest
Total
______
2,538,818
for .post-war adj..
Loss: sale of cap. assets
Prov. Fed.
and
Traffic
1943—12 Mos.—1942
.
investments________^__
bills receivable
and
Loans
Gulf & Ship Island
affiliated companics_,.^_i-;__-*.i^^_;
90,324,814
14,bl5,30S'~r^'O^880■ ■ ,,=5°329i929"
13,"aJ,7U2:
___
88.299,9C0
•>
-
Prov.
Profit
Cash
1940
1941
1942
.
106,048,852 100,124,779
2,259,416
2,318,505
income
tire,
i
,
bonds," etc., other th^
in .stocks,
Temporary cash
Special deposits
551.
p.
1942
1943
Selected Asset Items—
Investments
159,
124,021,970 116,958,539 101,396,512
income
Prov. for
'
Balance Sheet Items, Dec. 31
.
for bad debts of $2,842,565 in 1942 and $4,261,637 in
S. Government contracts.
fLess depreciation and
amortization of $113,561,313 in 1942 and $122,540,883 in 1943.
§Less
U.
(
Decrease
$562,145
,
r
322,034 • 1,190,553
3,758,418 Cf6,266,244
taxes__
320,169,961 292,230,767
——
tUnder
,
Income Account for Calendar Years
bpuiuliug income
.
58,712.570
"Less reserve
1943.—V.
tax, & oth. oper. exp.
for clepr, & amort.
-
Prov.
1943.
28,
_Cost of merch'dise sold,-
Total
income
Feb.
on
1943
1,578,597.
59,915;
.1,144,060
17,784
deductions
Federal
3' '
compares
sales
Gross
$7,009,785 $36,936,123 $32,242,296.
64.725
772.953
804.764^
$4,585,957
ronds__
62,295,400
10,997,523
10,997.032
I'
reports thai net .asset value per common share as
with securities owned adjusted to marketpvic;s was!
with $23.04 on Jan. 21, last, and with $20.27
1944,
This
,
■
Other
29,
,
19,386,831
--
-•
1,526,564
^totfrest^leduoUoiia.
8^8070
-i-
1943
$2,962,909
1944
$2,400,764
Prov.
.
charges
Rent for leased
t'
'V
(S. II.) Kress & Co.—Annual Report—
$8,536,349 $36,996,038 $33,82C.69J
-
fixed
for
*
,
Stores, Inc.—February Sales-
February—
company
Feb.
$23.03.
1943—12 Mos.—1942
$6,738,298 $33,867,434 $30,385,730
1,798,051
.3,128,604
3,435,163
4,974
avail,
' " "/
J
'
V
159, p. 638.
The
of
w
37,500,000
15,462,912
'£_ —_
surpius
,
$4,590,931
_______
income
34,567,306
36,090,000
_
surplus
290,652
Miscell: deductions from
Inc.
)'
\
w
Investment Co. of America—Asset Value—
935,778
1943—Month—1942
,
$4,300,279
income,
income
'
Sales
—V.
$1,1851395
337,530
l. r
,
,
• -
v
\i
u
Month of
500,000
53,552,032
and
638.
>'
RR.—Selected Income Items-
income__
oper.
ry.
Total
5,569,220
1.410,000
miscellaneous reserves.—
Capital stock of subsidiary cos. not held by
: l Gbodyear Tir"6~S'RUbbef
U$5 cumulative: convertible, pfd. stock—
Contingent
5,306,688
3,547,245
Tire & Rubber Co.—
Goodyear
of
22,512,755
year—
payable (contra)——
accounts
and
tAdvances
Net
Other
14,000,000
—:
.
•
$1,066,939
by
Interstate Department
.
Illinois Central
23,031,927
28,275,545.
taxes——_A~
taxes
■.
159, p. 737.
period End. Dec. 31—
Accrued
.2402,519
.
*
1
$9,532,422
6,679,446
1,667,581
7,369^003
taxes
issued
p.
1943
$10,538,461
operating incomei____c__L__l__f.f.______
income
1—
agencies and
$9,547,467
15,045
16,812
Net
.18,000,000
payable .(banks )_,—.,—.4——
payable _______
——
Payable to U. S. Govt, resulting from renegos
tiation of war contracts—-—.
the company's Toronto, Montreal and New York
at the equivalent in sterling in respect of cer¬
the company's' London transfer agency.—V. 159.
issued by
certificates
revenue_______—_____
'
.
,
.
Exchange Control Board has authorized the
disbursement of this dividend in United States currency in respect of
tificates
1944
dividend,
regular quarterly
the
payable May If
This is the 154th dividend declared on
3.
the preferred stock. *
The Canadian Foreign
159, p. 842.
$10,555,273
declared
6
holders of record April
to
$17,915"-
$21 419
March
on
preferred stock of $1.75 per $100 of par value,
the
on
139,941*
115,462.
135,472
104,558
...
directors
The
$237,488
$218,610
__■
Ltd.—Declares
of Canada,
Co.
Nickel
International
Regular Preferred Dividend—
—'1 "
a
Liabilities-
Bonds
$228,353
9,135
*—r~-——
Operating revenues
Operating expenses_-_________I___-__^__^._
292,230,767
Notes
Accounts
'•S Accrued United States
1
"
to enforce compliance with an order under Section 1Kb) of the Public
Utility Holding Company Act of 1935 with respect to the International
Hydro-Electric System.—V. 158, p, 2192.
-
1943
$779,835
551,482;
8,969
revenues
Uncollectible operating
993,594
68,894,726
gold debentures due April 1,1944, out¬
convertible 6'k
oi^its
amount of $26,568,000.
petition fcf authority to pay this bond interest, was filed with
the court by reason of the fact that the court has taken jurisdiction
in the matter of the application of the Securities Exchange Commission
"A
$209,641
;•
1
.
,
Month of January—
320,169,961
other expenses--
and
insurance
Total
;
r
Operating
68,089,605
1
1,316,074
bldgs., machinery and equipmentGoodwill, patents and trade-marks—
tLand,
Prepaid
1944,
transfer
1942
$
hearing
A
standing in the
Illinois Bell Telephone Co.—^Earnings—
Sheet, Dec. 31
1943
Canadian
will be held March 20 in the U,. S. District Court of
Boston on a petition of the company for approval of a proposed pay¬
ment of interest accruing for the six month Oct, 1,
1943, to April 1,
$775,235
565,594
;
Deficit
—V.
Petir
System—Interest
Hydro-Electric
tior.—
share on
per
'V-
and taxes
'
Interest
tlncludes amortization.
Consolidated Balance
:
Operating income
Non-operating Income
$8.94
'
Cash
cents
.1944
operating revenue
Operating expenses
2,059,168
2,059,168
$3.44
$5.46
$4.68
"Returns, discounts, freights,
allowances, excise taxes and inter¬
company sales deducted,
tlncludes excess profits taxes of $11,648,622
for 1942 (after deducting $1,294,291 debt retirement credit) and $11,-
436,015 for 1941.
five
A'..
Gross
2,058,677
share
per
of
Month of January—
Income
was
premiums
The
4,512,094
6,813,845
8,671,632
policyholders,
reserves,
International
Inc.-—Dividends—
dividend
a
7.
;,A.
10,309,788
3,228,160
- 2,569,534
!
-
i*
(no par)
$5.62
Hudson & Manhattan KR^-—Income StatementGross
14,285,315
-
Earnings
declared
have
directors
'
Shares com. stk.
68=1.719
,
158, p. 2191,
18,282,803
2,363,914
7,480,698
7,000,000
4,726,824
7,216,282
5,000,000
pfd. Stic, divs.dividends
conv
v'
$5.86
cents per share on
with
590,802
,652,725
653,910
108,475,330
74,780,000
.2_
profits
Net
$5
,
common
37Vs
V,
cuntihgs—
for
Prov.
...
stock, par $1, and the regular quarterly dividend of
the $1.50 cumulative preferred stock, par $20,
payable March 30 to hoiders of record March 20.
Tnis compares
10 cents paid on Dec, 10, last, and 12 '/a cents on Jan, 20, 1939.—
the
1,653,692
1,571,353
1,652,980
,
610,018
tuxes—
Foreign' tnxesy: _U—_
685.749
share.
Surplus
•
Houston Oil Field Material Co.,
both
Profits;
■
.
(no
.
in undistrib. earn, of subs,
not wholly owned
.
$1,799,648
1,269,220
_
com.
per
159, p. 8
Tlie
equity
8:
par)
—V.
20,527,297
fund.
■
debt
Divs.
outstdg.
shs.
Earns,
48,413,140
.
n0,880,905 ; 46,G35,595 ;
—
-
19.439,690
1,087,60 {
514,312
$5,126,115
1,269,220
2,057,247
$1,962,479
507,688
Surplus,
■
Com.
46.878,066
l,48o,964
1,j3o,074
45,149,631
108.815,668
—
2,057,217
$5,288,946
$1,167,840
' 507,688
' 514,312
$1,608,504
pfd. dividends
Common dividends
of
Operating
$3,306,506 $12,441,308 $10,753,373
324,979
,121,527
407,490
1,869,,488
profits taxes—
of
10.
consisting of capital plus surplus and volun¬
$88,900,000. >\
written by the North American last year amounted
to $39,255,786.
Of this, fire and allied premiums totaled $22,236,886,
an
increase
of 9.4^
over
1942.
Claims paid totaled $9,613,103,
reflecting a sharp increase over 1942, due largely to increased fire
losses
for
the industry throughout the country which, preliminary
estimates show, were the highest since 1932—being 21'b
in excess'
Of 1942.
■'V1 • "
'f •
Ocean Marine premiums last year, aside from ocean marine war.
risks, were $3,563,489, art; increase ;of some $500,000 over the previous
year.
Claims paid amounted to. $1,637,819.
y Ocean
Marine war risk premiums decreased to $4,899,062.
This
reduction was due to..loss of income from hull 'business which, for
the most part, has been insured by War Shipping Administration since
April, 1942, at rates lower than those acceptable to the commercial
market; a similar loss of cargo business to War Shipping Adminis¬
tration, and voluntary rate reductions,
Automobile premiums of $2,519,881 in 1943 were some 6 % less than;
iiv 1942, due to war restrictions on automobile production: and gas
and rubber rationing.
Inland marine premiums for 1943 amounted to $6,036,468. a slight
reduction from the 1942 income.—V. 158, p. 2581.
114,000
Conv.
'
•
1943, assets were $140,471,072, based on year-end
securities.
This compares with $124,441,223 at the
increased $6,356,581 to a total of $70,000,000.
Net
&
inc.
3tate
and
annual L
31,
Dec.,
values
1942,
Surplus to
lor
Net pre fit
$
$
S ;y' :' "■
$
'
760 4.:)1,044 451,403,034 330,599,674 217,540,079
— —
goods sold. ..---I 594,263,235 361,573,354 232,092,070 152,200,919
11,374,333 110,503, G32
10,474,247 10,089,303
Depreciation pi'ovIdcd—
46,037,803
34,180;4l7 41,155,291: .35,810,167
Sell.,, adm. & gen. exp.-
*Net
Cost
"
463,657.
u.
listed
are
of
of
tary
'
Companies)
1941
1942
1943
Calendar Years-—
V
,
$4,000,649'
______
adj.
1942
Fed.
excess
Dec. 31
Consolidated Income Account,
(Including
■
income
Total
Renegotiation
previously re¬
revolving, bank credit
$50,000,000
the
to
'895,281
242,990
1943,
of Dec.: 31,
as
of. the company, in its
March
end
$9,936,554
326,819
$3,063,517 $11,546,027
230,557
________
Cash disci., int., etc.—j
it has negotiated a $100,000,000 re¬
with banks, carrying a Government guarantee of 90 k,
credit
volving
income
company,
on
As
(& Subs.)—Earnings
$3,770,092
Operating profit
v
Other
necessitated by
capital requirements
provide for increased working
demands of war production,
sales,.
on
this
the 151-year history
in
report ...issued
,
.
.
outstanding, but m order
loans presently
has no bank
company
3.5 to 1.
current lhibi.ities is
to
proiit
Expenses
collateral trust
The ratio
year $500,000 first mortgage and
shares of $5 convertible preferred stock.
during the
bonds and 10,625
■
1943—12 Mos—1942
1943—3 Mos;—1942
$5,436,252
$4,411,244 $17,227,455 $16,137,969
1,666,160
1,347,727 ■v: 5,681,428 A 6,201,415
Period End. Dec. 31—
;
Gross
sinking funds there was re¬
of purchase and
Through the operation
tired
I
'
.
,
market
to $4,3o5,198 are
Net
2362.
p.
Ilershey Chocolate Corp.
_A,.r
interests
158,
largest
the
of
surplus
and
Assets
as
:,yv,y ■>':
:
Reached All-Time High in 1943—
-
and Surplus
Co. of North America—Assets
Insurance
by this company, according to a dispatch from
Cleveland, O., and will be operating some time this month.
The huge shovel which will be used near Georgetown, O., wi'l take
35 cubic yarns, or more than half a -railroad carload, in one bite, itwas said.
It has already been five months in the course of erection,,
being .installed
is
built
Monday, March 13, 1944
CHRONICLE
THE COMMERCIAL & FINANCIAL
,
1943
$8,750,132
16,812,962
Increase
.
$248,613
810,943
;
Co.—Annual Meeting—
stockholders
has
been
changed
from
the
under amend¬
the board of
directors, stockholders are being advised;
This change in time of the
annual meeting was Considered necessary by the board in
order to;
allow sufficient
time prior to
the meeting for the closing of the
company's books, the audit by the independent certified public ac-V
countants appointed by the board, and the preparation and issuance
cf the annual report to the stockholders, notice to stockholders states.
first
Tuesday
ment
of
the
—V.
158,
p.
in April to the first Tuesday in May
company's by-laws voted ;.unpnimousIy by
487.
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4263
159
G
tons
earnings.,^
oper,
0))cr.
taxes
Prov.
lor
195,677
2,306,041
42,150
350,000
26,604
559,231
cumulative
40,000
460,000
480,000
$108,160
$101,423
$1,136,259
3,431
39,622
37,847
$111,702
$104,855
$1,175,882
$1,213,752
Mix
11.
$1,175,915
3,541
Feb.
Browder's .appointment
became
224,540
8,250'
taxes
.
retirements.
mediately.— V.
Total
Int.
earnings.*-
oper.
in come
net
.
earnings,.
47,984
159,. p. 937.
A
•
debt.—;
"Amort, of debt disct. &'
-V.
income
.50,096
587,296
11,059
163,692
1944—February—1943
The
161,230
$43,699
$49,936
McLellan Stores
$429,465
$424,893
Sales
Koppers United Co.—Butadiene Output Up—.
Month
'
s
1944
1943 •' '
—
$14,500,198
$13,907,568
year..——
of
28,231,791
26,914,208
Increase
•' $592,630
1,317,583
<
159,
737.
p.
'
„
A"A
A''A AAA A; A:/A
This
company's business Is
problems of concerns engaged
„
M.
field
Robertson,
last
He
President,
the
.
Francis
ucts
.
in
production
war
stockholders
told
the
at
ber
26,827,
the
of
one
*
•
highest
figures
There
record.
on
Net
earnings
•,
period in 1943,
'
1944—8 Wks.—1943
the basis of three
en
The company has no
called
for
Willard
redemption as of April 8, 1944, for the
Sinking fund, $557,000 of refunding and extension mortgage 5% gold
bonds, at par and interest.
Payment will be made at the Eankers
Trust Co.. trustee, 16 Wall St., New York, N. Y., or at the St. Louis
Union Trust Co., St. Louis, Mo.—V.' 159, p. 448.
•
RR.,
.
Lambert Co.—Declares
vital
made.,
stock¬
by
this
at
time.
To
shifts
economic
3.
and
assets
'
x.
of
Fund.'
is
Western
Inc.
:
Air
Lines,
Chicago,
111.;
:vv
Vice-President,
also
and
of
Committee
directors have
series
A
•
of
member
and
trustee
Foundation.-—
Research
Alumni
Wisconsin
and
and
declared
series B
2%
from
1943
x
"
interest on the
earnings 4%-
payable April 1,
in Section 4 of the
adjustment mortgage bonds, 2%
Oct.
payable
1,
1944,
supplemental indenture dated April
,
of
trustee
a
and Treasurer of Lumber
Catalin Corp. of America,
Midland Valley RR.—Interest Authorized—
p.- 552.
is
844.
p.
The
He
Bayuk Cigars, Inc., of Philadelphia; McWilliams Dredging
Fords, N. J.;
159,
and
Inc.,
-
Brittingham is director, Secretary
Industries, Inc., Wilmington; director of
Investment
board.
the
of
Income Shares, Inc., whose
which is jointly managed with
a director of the Rocky Moun¬
and
Fabian
Mr.
of
Preserve,
member
amd
Quarterly
$18,075,685,
Corp.,
Hole
President
as
director
are
Minneapolis-Honeywell
shares of
27
stock for each
new
share
one
The
provided
as
1943.—V.
1,
159, p. 937',
a
funded lebt.—V. 158,
.
C
A
:
(Excluding1 Wisconsin Central Ry,)
.
v
Place, Vice-President of Finance of the New York Central
been »lected a director, succeeding W. F. Schaff.-
has
directors
have
-stock,
payable
common
declared
dividend
a
$1,668,990
1,699,797
:1,543,839
124,869
(other
Taxes
share on
per
the
24.
Pay¬
1, $5 each;
Federal income
than
>J_'
152,150
$456,564
$282
equipment
Crl,150
Cr22,104
Joint facility; rents
DM2,545
Dr20,073
taxes__
after
of
....
to holders of record March
April 1
ments last year were as follows:
April
and Dec. 29, $6.25.—V. 158, p. 2363.
Regular Dividend—
$2,308,512
Hire
of -$6.25
%t::% 1943
1944
'
Total'(expenses
Net
To Pay Dividend of $6.25 per Share—
The
"
(
revenues
Total
F.
,
Minneapolis, St. Paul & Sault Ste. Marie Ry.—Earns.—
892.
p.
credit of
tax
now
Co.—Renegotiation
Regulator
company reports that the Government has recovered $9,250,000
renegotiation of contracts for the year ended Dec. 31, 1942, less
$8,251,959i.—-V. 158, p. 2471,
'
-
under
Month of January—
£ Laclede Gas Light Co.—Calls $557,000 of Bonds—
have been
March
on
and
Mr.
V.
Mahoning Coal RR. Co.—New Director—
There
net
Packing
contin¬
post-war
business, changes
October
last
President
Maryland
held.
159, p. 843.
decrease of 4% .—V.
a
P.
30,
also
which, in effect, pro¬
poses a
three-for-one split-up ,in the capital stock.
If ratified by
shareholders and approved by the Securities and Exchange Commission,
the present outstanding 114,394 shares of no par capital stock (150,000
shares authorized would be exchanged for new $10 par value capital
The average number of Kroger stores in operation during the four
1944, was 2,984, compared with 3,112 stores dur-.
same
for
reserve
a
is
Fund
b3
can
abolished
was
change voted was the shift of the fiscal year now ending
to conform to the calendar year, for the purpose of simplify¬
directors
$1,018,073
$1.72
$2.04
and
taxes
pet-
board
for Maryland
choice
such
this /restriction
the
ing stockholders' tax reporting.
Two directors were elected by the
stockholders, Mr. Fabian, formerly of Salt Lake City, and Thomas E.
Brittingham, Jr., of Wilmington, Del.
Mr. Fabian's election
by stockholders follows his selection by the
1942
$1,203,292
_
and
eligible
as
that
and
that
The board of directors recently adopted a resolution to be voted upon
,
weeks ended Feb. 26,
ing the
Nov.
Subs.)—Earns!
share
charges
by stockholders at the annual meeting March
1944—4 Wks.—1943
on
1944,
stock
.<
■
per/common
all
value
asset
promptly
which will
the security and yield of our investment portfolio,''
Fabian, President, in an informal statement at the
meeting
tain
1943
net
by-laws
stockholders,
to
"Removal: of
vitally
total
McQuay-Norris Manufacturing Co.—Stock Split-Up—
_—$32,406,986 $33,292,603 $64,907,853 $64,092,862
—
(&
gencies in 1943, $500,000; .1942, $190,000.-W. 159,
2,999
were
Co., Inc.
stock
one
months
notice
against $5,467,-
as
present
ago.
in
the
Another
prospecting and exploration company.
a
The
year
a
included
only
three
post-war
Harold
said
annual
Miller, former President and a director of Mildick Prod¬
has been appointed assistant to W. J. Murray, Jr., Presi¬
McKesson & Robbins, Inc.—V. 159, p, 844.
•After
February Sales Lower—
HSales
6'-
funds properly, we must be in position to deal
our
those
bear
Liquidate—
E.
Earnings
experimenting
Period End. Feb. 26—
.
Ltd.—To
Calendar Years—
<
Krogejr stores at the close of the year.A
with
Co.,
with new developments in
the food field and closely watching trends in food processing such as
quick freezing and dehydration.
Sales of the Kroger Co. last year
■showed an increase of 9% over the previous year.
Shareholders num¬
is
action.
safeguard
$
Exploration,
McGraw-Hill Publishing
meeting
annual
days'
Corp.,
dent of
■
the reconversion
and readjustments
.
company
(Quebec)
30
after
holder
$152,310
$2,254,830
each
only
Jackson
with
confronted
not
week,
said
.
choose
can
The
^will consist mainly of reinstating operations interrupted by the war,
'•
C.
$2,407,146
'
heretofore
in
of $5,973,688,
assets
announced.
was
against $4.88
as
limitation
directors
reports net
it
ago,
$5.41
investment
Increase
1943
year
is
The
Holdings—*
i
''
j'.. vC -'v ■-"%'
1944
a
share
McKesson & Robbins, Inc.—New Official-
Kroger Grocery & Baking Co.—Post-War Plans—
>
G85
1944,
640.
p.
Co.—February Sales Up 6.8%—
organized in-1935 as
was
February, 1944,- totaled 714,- of which 62 were'
724 in the same month last year, including 62
against
as
Canadian.—V.
,159?
consisting of cash and shares of other mining companies.
Among its assets it has 600,000 shares of Scott Chibougamata Mines.
•Capitalization of McKay (Quebec) Exploration is 10,000 shares of
$10 par value,
all of which are issued and outstanding.
Company
Stores in operation in
Canadian,
February,
assets,
February.A——A._
two, months
of
year.—V.
The corporation
$8,994,042
$8,600,969
montlf
the
corporation has sold 150,C00 shares of. Labrador Mining & Ex¬
ploration, which it held, foi% $150;000'
on
March 6 by R. P. Mills, Secretary and Treasurer.
On March 10 the
directois approved the winding up of the company and distributing its
p. 1083.
•
of
in
month last
The
plant in any
plant's rated
year," Dan M. Rugg, Vice¬
per
640.
p.
McKay
S.j Kresge Co.—February Sales Up 4.2%—
(S.
Period—
First
butadiene
of
tons
$9,55u,8o0;
par),
(The) Maryland Fund, Inc.—Assets Higher—By-Laws
Changed—.
1944—2 Mos.—1943
$4,671,307
stores
same
——
159,
Sell
the plant than has been produced by any other American
kimonth.
"This production was more than 150%
of the
■*(
201
of February—
Month
—V.
'capacity of 80,000
$4,424,882
operated
company
compared with 202 in the
as
This company, operators of Kobuta, synthetic rubber chemical plant,
issued ft statement saying more butadiene was produced in January at
;•
-A-v-:.
Sales
159. p. 351.
-President, said.-—V. 157,
cost of pension
par),
($100
2254.
of
expense, etc., deducts.
Net'
($100
series
$5,449,200;
(1,943,763. shares, no par), $16,818,815; paid-in surplus,
eained surplus, $8,534,936; total, $107,721,420.—'V,
158,
$.'.9,167,279;
p.
623,066
13,781
funded
on
prelcrred
second
McCrory Stores Corp.—February Sales Off 5.28%—
Sales for Month of February and First Two Months of Year
Net
O Lh e'r
shares,
stock
common
im¬
effective
cumulative
preferred
549,116
40,000
died
who
inventories and for estimated net past service
$9,791,07^; 6%
plan,
370,175
49,055
Fed., inc.
&
Other
$4,604,883
2,029,675
maint.—
'&
exp.
State
elected to Mr. Joueit's pest of Vice-Presi¬
Counsel, and that M. C, Browder, Chief Clerk in the
Secretary to succeed John M. Scott,
President's office, had been chosen
$4,831,532
$405,855
$430,009
value of
had been
General
dent and
1943—12 Mos.- -1942
•
1943—Month—1942
Counsel,
Gencral
Iowa Southern Utilities Co. of Del.- -Earnings—
Period End. Dec. 31—r.'
1041
1, July JL and Oct.
.
.
$445,169
Other
.
income
$2,308
Di-4,884
Cr8,284
$440,285
*
$10,592
(net).
The directors oh March 7 deolarei: the Usual
quarterly cash dividend
of 37Vs cents-- per share on the common stock, no par value, payable
April 1 to holders of record March 17V
A similar distribution was
and iii each quarter last. year.
"ynade: on Jan.' 3, last,
the company
1943,
—V.
also paid
Month of January—
15,
On Dec.
Operating
dividend of 50 cents per share.
extra
an
Maine Central RR.—Earnings—
-
•
.
Period—
First
of
months
two
—V.
159,
year A1—
of
7.7
4,705,087
4,344,272
_
/AA
v.-V.
.=>
AA
15,662
A>
9,161
railway
income
Month
,
-8alC.V
—V.
r
of
Gross
■;
58,929
$306,654!
$163,274
income
145 093
153,636
$18,181
Deductions
W
—k
-V.
$523,519
159,
$153,018
937.
p.
159, p. 639.
Manistee & Northeastern Railway—Abandonment—
■ V'yh'"— ■■ ■■"
'
"
V
.r
Liquid Carbonic Corp.—To Retire Portion of Preferred
■
The
total
has
corporation
of
series
shares
291
A.
at
National
103Va
Bank
called
of
of
as
Chicago,
agent,
redemption
38
South
certificate permitting abandonment by
a
Cedar
Leelanau
ing northerly from a point about 0.5 mile north of the station at
outstanding
Payment will be made at The First
dividends.
and
of
redemption
that portion of its so-calibd Provemont branch extend¬
the company of
April 15, 1944, a
4cumulative preferred stock,
for
City to the end of the branch at Provemont, 10.71 miles, all in
Dearborn St.,
Mich.—V.
County,
138,
4302.
p.
Chicago, 111,-
Marshall Field & Co.—Annual Report—
1942
The
Renegotiation—
corporaion. has
ceedings
cessive
the
for
notified
fiscal
by
Washington.
ended
year
the
D.
that renegotiation
C.,
Sept.
30,
disclosed
1942,
pro¬
no
ex¬
profits and noV refund will
737.
Lone Star Gas Co.
the
(Texas) ^-20-Cent Dividend—
V.
159, p. 738.
The
share
per
stock
common
the
on
class
holders of record March
the
on
and
class
Dec.
B
common
usual
-The
stock,
A common
15;
both
Distributions of 25-cents each
stock
on
Jan.
27, March
July 20
Nelson
1943
with
Post-war
revenues
General
and
Sept.'25
has
26,530
:
27.01.1
'
Taxes
(other
than
income
Federal
for
taxes)________„____
income
5,975
taxes______L_x__
income.
Net
6,875
■
.
75,000
70,000
.
compared
during the year,
with $29,000,000
A
common
dividends____.____^_WT;;s.r--^-
B
Class
—V.
common
dividends.
attention
the
of
thct
common
Payments
in
have-declared
stock,
1943
payable
were
as
July 24 and Oct. 25, 37VL»
The
each
directors
on
the.5%
to
the
>
.
900,569
,
1943
,
.
Profit
R.
E.
25''to
of
Totnl
•
Jouett
on
General
■
end
April,
-
more
than
Feb.
17
Counsel
director.
1928.
three
the
i
-.
25,
cents
income
exc.
•'
Jouett
of
record
50 -cents;
March 31.
and
April
24,
C'i-Xy':
159, p. 738.
1911
•
understand its- operations.
'
•
presents short reviews prepared in
the States of Missouri, Kansas,
Oklahoma and Texas concerning the resources and industrial outlook
of the States traversed by the Missouri-Kansas-Texas Lines.
the
In
management
the
report
collaboration with leading economists in
Calendar Years
Account for
Income
service with
his
March
has
this company,
retirement
l
been
as
the
duties
a
director
Edward S.
Vice-President
of
of
Advisory
the
and
Counsel
road
since
announced
that
Sidney
Smith,
Assistant
—
operating expe,nses___-—_______—
Railway tax accruals
______
Railway
Railway
Net
operating
deductions
leased
Interest
on
funded
Interest
on
unfunded
after
Income
on
from
income_j___
678,878
678,878
(contingent)
income..^
1940 '
$2,667,582
to December,
estimated wage increase
inclusive.
''
-
is made above and none is believed to be required
profits tax.
Provision of $4,952,000 >for estimated
Federal income tax is included'in railway tax accruals.
Federal
1943
excess
893,325
926.383
1,043,050
Miscellaneous
1,*940,000
2:330.000
1,680.000
Other investments-.——
Condensed
Consolidated, Balance Sheet, Dec. 31, 1943
/L Assets—
-
.
-
t
transportation property-____________-l-----$244,680,277
Investment in
Investments
3,060,000
$5,115,971
$5,880,546
non-operating employes
Note—No provision
for
8.416,031
;
,4.490
$5,794,849 ,$6,559,424
charges——
adjustment bonds
11,802.325
"6,570,000
23,687
4.278,781
23,564
debt
fixed
5,216^227
4.922.834
2,000,000
/ +755,712
800,000
3,216 227
4.167,122
4,695,942
Earn,
dividends
5,692,981
•5,485,942
physical
in
property
affiliated
.companies.,.2,134,980
:
—
and
•After
realized
future
shr.
on
900.000
900.000
900 000
1,943,763
2,731.268
$1.19
-
$1.68
$1,95
2,721.268
$2.47
900.000
com._
;-
deducting post-war credit of $730,000,
by
debt
decline
and accruals
in
retirement.
market
tProvision
value
of
Balance
no
which $500,000
less
was
for
possible
$1,444,288
reserves
$2,200 000
of
inventories
provided in prior years,
of
longer required.
Sheet, Dec. 31,
$16:565.368;
pest-war
serves
goodwill,
prepaid
refund
for
of
insurance;
excess
depreciation
trade
marks,
Liabilities—Accounts
•
and
amortization
etc.,
$1;
pavable,
total,
of
etc.,
$1,350,861;
fixed
accruals,
5.738,698
debits_;.__-_—2,783,379
vVi:
v.'•'<'
stock .series A
Preferred
stock
Common
______________ ___
(808,949 no par shares).,
—
,
$66
28,023
89
Long-term debt outstanding—^-—
Earned
and unadjusted credits.——————
surplus—
Total
-V.
—
p.
25 445.563
7 ,016,884
.$277,911,881
—
159,
431,274
22 624.941
liabilities.
liabilities
691. G20
.66, 673,572
Stock liability for conversion-—--:
938.
Missouri-Kansas Pipe Line Co.—Adjournment—
$107,721,420.
$4,926,306;
—-
——
unadjusted
_______-___--„--L_---i_2'___---_-.'L$277,9n,831
Total
Deferred
assets"!less re¬
$26.976,160),>$54,843,876;
$518,548:
assets and
inabilities—
Current
1943
supply ' inventories,
profits tax,
—,—.—______5,679,0';8
supplies at cost—_—
Other current assets
40,884
13,656,044
^"
■
Material
3,198,551
_____.•
5 692,981
1,943,763
>
dividends
per
-
3.658,457
interest.vii-XL
fixed
debt,
14,326/159
1,897,934
:
16,246
lib
fi
and equipment
roads
17,873.694
9,967,593
$9,549,553 $10,932,011
65,629
56,435
income
Total
Miscellaneous
427,385
profits tax
$9,227,193 $10,471,483
460,527
322,359
•
7,988 646
%
$14,627,514 $14.56.9,497
4.098,014
j_|5,4,00!321
.
539,779
'«•
$79,024,587 $58,626,219
"55,536,441 39,990,824
8,860,532
4,065,898
income__y_______y___.
rents,.-' debit________:_->^^__c.___—
11,262.546
taxcs__--;
1942
1943
Railway operating revenues
750,290
Profit
rent
was
illustrated with many pictures of improvements
the property and interesting charts so that the stockholders may
op
"Includes
Assets—Cash. $7,318,294; short-term IT. S. Treasury obligations. $15.407,453; receivables (less reserve), $11,717,019; merchandise inventories,
,
Simultaneously.',; it
,
,
a
'
Cash
Common
regular quarterly dividend of 1 Vi %
stock, .$100 par. value, and on
31.—V.
decades'
assume
■•"■- ,
<
tori of freight one mile was
,
hibving
'
.
.
1942
791.940
Federal
-
share .on
per
preferred
announced
to
Mr.
88/100 of a cent.
The report is well
13,575,869
Interest
bonds,
which is 2.9.8% ; of
revenue of approximately $79,000,000 with
Taxes" for tlie year wore $8,860,632 aga'ihst
810.768
income
Preferred
Louisville & Nashville RR.—Changes in PersonnelAfter
gross
a
last year's taxes of $4,065,899.
The company's revenue fox*
Deferred
37'Va
holders
Jan.
cents each.
March
had
company
""a"'nerThic6iiie of "$5,i 15,971,
17,062.926
oper.
preferred stock, $25 par value, both payable April 15
record
report issued March 7, shows that the road through
1944, purchased and retired 826,176,500 of its mortgage
,
Net
„
.
134.922.652 11.8,809.638 104,776.741 189,970,018
from
f, 300,948
(Ky.)—Dividends—
dividend
April
cumulative
cumulative
holders of
a
follows:
declared
also
5 %>
938.
the entire
'
Louisville Gas & Electric Co.
directors
900,569
300,948
158, p, 2582.
The
annual
1943
16,
Interest
.
been
$1,253,137
$1,249,132
-
$1,800,000
debt
Net profit
Class
ypii corporate books but
accrued
thereby saving $1,234,995 in annual fixed charges,
the total fixed charges.
1
,
.
-
February
Federal
Provision
debt
such
$1,357,023
$1,356,637
expenses
of
Income Account for Calendar Years
Oper. prof, after deprec.
"
1942
■
1943.
'
-
,
planning
and Oct: 27,
1943
;
•_
administrative
Feb.
Rent for
engaging
supervisory staff, Mr. McBain reported.
\
...
increase
an
the close of;:,1939. ■ !Out, of.IJtiei yeac's, earnings $2,000,000, was set
an inventory and contingency .reserve which totaled $5,000,000
,
Total
being
159, p.
each
the Chicago area and
in net profit,
in
experienced
funded
its
.Net sales
Income Account for Calendar Years—
in
taxes,
$6,199
i*. -
.
includes 'Stores
Seattle,
$23,100,000
•.
12 Months Ended Dec. 31—
volume.
in
which
reduced
company
divisions
manufacturing;tcia:nd; real; estate
in
and
a.V-year-end;
made
were
25; June 25,
1942.-
,
interest
Consolidated
our
aside fh
on the
of 37Va cents
payable March 25 to
quarterly dividend
last year, and on Jan. 27, April 28,
23,
at
&
interest
ending
dividend of 25 cents per share
a
the
and
immediately preceding
years
retaiLMmsion,
before
Louisville Gas & Electric Co. (Del.)—Dividends—
class B
the
an:Jaillrtime high
:
Frederick
.
The directors have declared
in
company's,^retail,
Teaching
y':k dividend of 20 cents per share has been declared on the common
stock, par $10, payable April. 12 to holders of record March 15,
Like
amounts were disbursed on May 31, Aug. 21 and Dec. 11, last year.
,
than
before taxes during -this period have been approximately absorbed by
higher taxesi the pointed out.
The compauyis net
profit before' Federal income taxes increased
from $13,432:8341 in 1942 to $17,081,754-in 1943.
- ^
Total volumte^-of business increased J.3.6%to $138,632,315 in 1943,
therefore be necessary, P. F. Lavedan, President, announced on March 4.
Renegotiation proceedings
for the 1943 fiscal year have not yet been opened, he said.—V. 159,
p,
include
not
*
entry into the war,
but he emphasized the fact that fluctuations in profits had been within
a
narrow
range
during the last five years.
Increases in earnings
lesa
Board
Adjustment
Price
4,393
$437,309
paid currently
being
charges
Hughston M. McBain, President, stated that 1943 profits were slightly
been
ppf the War Department,
The
'
The ICC on March 3 issued
fixed
being paid currently,—V.
The
'1944
'
1943
•14,889,178 $5,412,697
February—
*Doe&
not
$247,725
29,877
.
after
Missouri-Kansas-Texas RR.—Annual Report—
$133,397
income.__v
operating
2,976
charges
10,450
Lerner Stores Corp.—Fehruary Sales Off 9.7%
f
Net
r
Net
Other
7.5%
$2,536,593
639.
p.
%
$2,347,284
:
38,515
Decrease
1943
1944
February
227,274
123,969
Joint facility; rents -(JDr)--.
■
'•"Month
1,020.135
(Dr)_____._A—_________
rents
•Fixed
$1,514,745
1,299,701
________
_
Taxes '
Equipment
7.5%•—
AAAi
expenses'
1943
$1,611,244
revenue
Operating
158, p. 2192.
Lane Bryant, Inc.—February Sales Off
1944
$1,933,006;' cur¬
sinking fund requirements and serial bond maturities, $1,400,000;
funded debt, $21,700,000; reserves for
possible future decline in market
The
annual
meeting
of
stockholders of this comnanv
journed by Federal Court order
closed
on
March
7
T
/
ad¬
it was dis¬
has been
from March 21 to Aovil 4,
by the stockholders' committee which is
conducting
'■
u
'
against
fight
proxy
the
■
management.
The court ordered
a legal action against W. G.
present
the
pending disposition of
adjournment
Maroh 7,
declared that its members
were
seeking
corporation from the exist¬
ing management.
/./.■■'•/- •"
/"//;
The stockholders committee, headed by Howard Butcher 3d of Phila¬
delphia, announced that it would vote for the plan of the manage¬
ment to permit stockholders to exchange their shares for stock of the
Panhandle Eastern Pipe Line Co., owned by Mokan, but would continue
'its,effort to defeat the management's candidates for election on the
In
forwarded
letter
a
of the company on
stockholders
to
Years Ended Dec.
assailed the committee and
"to obtain control", of the
Maguife
159, p. 739.
'
1
■
Net
Net
ry.
railway—----
from
V.
—
railway-^--
from
Gross
159,
p.
39,782
27,927
30,228
23,867
income—
552. /
oper.
24,412
12,321
.'
J
Income
Total
249,281
'
;
_
distributing,
advertising,
Selling,
administra-
"
charges
;.
:
_______
Profit
the year—_____
for
__
___
6,896,765
(2)
controlled
until
will
Y
dividends
it of
Consolidated Balance
Monongaliela Ry.—Earnings—
Net
railway-—-
1943
$597,030
323,935
—V. 159, p.
116,912;
and
•Notes
Investments
Accounts
Duo
Reserve
1941
$949,224
$1943
1942
—*$836,173 "SI,126,894
common share
$0.99
$1.33
1
" /
vv4-"""
>'/
'
''' 'y
«,y
Show Increase—
155,
2283.
p.
succeed the late E. W,
1943 *
$3,090,784
" 6,049
j
■
fend/
Period
on.
approving an agreement of
Utah Metal &
..served,
159, p.
$4^,411,010
$4,456,711
640.
-V.
159,
Z
February
$6,169,882
12,021,393
10,966,407
3
year
641/
p.
of
/ 1,054,936
Association—Output—
^suit
Gas
Reach New
output
for the March
own
Peak of $1,651,000,000—
a
including investment
proximately $1,500,000 in the past year.
Benefit
to;
policyholders,
annuitants
Operating
•
amounted
this
.
expense,
to
$109,800,000,
$49,700,000,
amount,
$6.0,100,000,
,
55/,
or
$300,000
or
and
for
benefit
the
cant's
mortality
ratio
in
1943
60.4'*
was
insurance
New
-
TQC.000,
totalled
issued
which was 9'f
insurance
in
force,
of
Reflecting
lapses and
pompanv'si admitted
:The
Mutual
than in
lives
rate
somewhat
Life
1942.
surrenders
of
in
On
nearly
the high
provided
tbtalled
1943
Dec.
31
the
rate
of
policies last year
$170,-
ap¬
were
increased by $63,800,000 in
assets
to
1943,
r
|
■:
Total expenses
•
2,061,704
■■■
$988/947
Income
Ended Dec. 31—
income
._'
Tctal
$3,637,037
;
income
Statement of
company's
policyholders.
employment and
^
1943
$2,652,928
:
-
;
$1,575,334
;
,
182,269
taxes____—___—$2,470,659
Other deductions fi'om. income
; 2,011,671
Provision for Federal income taxes.._^
_____
13,575
National Candy Co., Inc.—50-Cent Common Dividend
The directors
cents
per
the
cn
of
first
record
In
of
25
and
Marctj. 6 declared regular quarterly dividends of 50
on
the no
second
March .11.
each
quarter
cents
disbursed
on
share
per
par
preferred
Like
and,
in
paid
company
addition,
April 1, July 1 and Oct.
on
all payable April 1 to holders
on Jan. 1„ last. '■*■'■"
r> • /
paid
were
1943./the
sto~k, and of 31.75 each
common
stocks,
amounts
during
share
value
of
extras
a
25
regular
dividend
each
cents
were
'
•
•
■
'
r
-
/
■'
Sues
$799,413
;
—$445,413
117,060
$2,416,941
2,061,70412,370
•
Power
The
group
according
,
National
Enameling: &
The directors
on
the
record
w7V2
V.
en
common
March
cents;
stock,
20.
June
March
no
7
declared
par
Payments
30,
158, p. 2364.
50
Stamping Co.—50-Cent Div.—
cents;
value,
last
dividend
a
payable
year
Sept.
28,
were
75
of 50 cents
March
as
31
and
share
holders
to
follows:
cents,
per
March
Dec.
24
of
31
$1
—
•
■>
replaced by three classes of securities of the new
Funded debt of S60.000.0GO; 2,594,423 shares of $2
preferred, $27.50 par, and 5,227,368 shares of no-par common
outstanding will be
National
Malleable
&
Steel
Castings Co.—New Vice-
President—
•
cnnme,,^LrJCt0wS fcaTn elfcted cl?ve H- Pomeroy as Vice-President, it
He
will
also
cont
Secretary
and
wn.ch
nue
he
holding
company:
dividend
sto<-k.
announced
o-i.ice
held
since
as
1936.—V. .158,
Treasurer,
p.
2256.
is
the
and
Association—Six Holding Com¬
existing'
six
The
by
&
holding
the plan
Light
in the New England. Power svstem covered
England Power Association, Massachusetts-''Power
North. Boston Lighting. Properties, Massachusetts
companies
are New
Associates,
:/• '
1 "*
\ Z1"1
i
'l
.
-h/
-» fj
..i/'/1)
<
,
'
declaratory judgment to
Harlem
New
York &
all
remaining
RR.,
the New
minority stockholders cf the
Central's offer was made
Dec.
31,
1943,
June 3,
1943, and between that time
the Central acquired from
when the offer expired,
stockholders of the Harlem, in exchange for
of $125 in bonds for each $50 share of .Harlem, all
-minority
holding companies in the New England Power
will be replaced by a single reorganized holding
to a plan of simplification and reorganization
filed by the companies with the Securities and Exchange Commission.
The new reorganized holding company will acquire the assets and
assume the liabilities of the six
holding companies, and issue its pre¬
ferred and common shares in exchange for their outstanding .shares.
The funded debt of the present holding companies will be redeemed
at par from the proceeds of a new debt issue of the reorganized holding
company
with savings in interest.
The
18
classe
sof securities
which the present companies have
The
•
Harlem.
$342,868
panies of System to Be Reduced to One in Plan—Pro¬
posed Reorganization Filed With SEC Would Replace 18
Classes of Securities With Three—
'
'
'
'
Association
and neoess.it
RR. of the branch of
New; York/ described,
and future public convenience
determine income tax liability
York Central has now in¬
Harlem of a court:
motion which is returnable on April 4.
The New York Central, it was;
said by W. F. Place, Vice-President, Finance, proposes to discontinue
the suit as against 'those defendants who had been stockholders of th\
Harlem but who, having accepted the Central's offer and exchanged
their shares of stock for bonds, are no longer stockholders of the;
the
formed
rate
England
New
present
Determine Income Tax Liability—
to
In its suit for
of
1942
$2/534,002
159, p. 939.
company,
1, of last year.—V. 158, p. 2364.
i_^.
Net income
—V.
states:
hex'ein.-
775,921
'
that
find
We
.
of $1,651,000 at the close of the year.
U. S. Govern¬
ment bond ho'dings, which were increased bv a net amount of $89,200,000 during 1943, totalled $733,000,000 on Dec. 31.—-V. 159, p. 640.
dismissed for
people of Yonkers virtually deserted
not to be required to maintain
permit abandonment by the New York Central
railroad
in Bronx
and. Westchester Counties,
(Parent Company Only)
/Net income before Federal
all-time high
on
.
be
this branch, and the appli¬
it. at a continuing loss of*
annually, for the lew people who. found it some-i
what more coxxvenient than available alternate means of irsnfpoi'ta-'
Hon:
The rehearing discloses nothing to indicate that any substantial
increase in business on the Yonkers branch wih be experienced in the
/ future, and we affirm the finding of Division i in this'regard.
$3,960,483
323,445
2,011,671
12 Months
million
one
.
$1,928,737
,
939,790
income
.
Net
should
ought
cant
$3,940,408
Electric Assoc. deductions
Provision for Federal income taxes...
1942,
in
$4,309,191
368,783
:
!
England Gas &
Net
application
system.
Ii\ conclusion the report
The
76,358
'
the
in
for
than
deductions from income.
/V
the
that
approximately $60,000
Balance
New
seriously
higher
111,948
Net income
Other
affected
death claims
not
less than in 1942.
proximately 251
.
The
the
$3,660,000,000.
personal incomes,
/
bv
more
on
the
of
r
•
have
'
$3,884,1.25
Other" income
contend
jurisdiction on the ground that the branch is an electric interwithin the exemption of Section 1 (22).
They intro¬
duced no evidence in support of this contention.
Applicant submitted
additional, evidence directed to a showing that the branch is not aii
interurban electric railway and that it is operated as a part of appli¬
railway
$17,615,570
13,731,445
$4,197,243
were
urban
'
1942
14,590,808
reopened the proceeding upon our
Further hearing was
reconsideration,
and
1944, and substantial additional evidence was presented.'
submitted within the 10-day period specified in our order-.
24,
Protestants
31
$18,788,051
revenues.:
operating
Operating income
policy-
living
to
Dec.
Operating expenses
1943
company's mortality experience.
The company's war
were less than 5/
of total death claims, and since Pearl Har¬
have comprised only 3t;
of total death claims.
The company,'?
calculation of premiums;:3 This, was
/• but lower than in 1941 and 1940,
,
death
Total
the year. Of
benefits, while
1943
in
bor,
-
of
payments
.liplders and other beneficiaries.
t
War deaths, to date. Mr. Douglas said,
j;
day
Ended
Months
rehearing
lack of
ap-
in
beneficiaries
each
by
reduced
was
represented
$45/.
or
comprised
expense,
12
1943
pint issued on March 1 by Lewis W, Douglas, President,
From its
.operating gains in 1943, Mr. Douglas said, the company was able to
apply $12,700,000 to special, reserves and writedowns, add $7,639,000
to its surplus reserve for general contingencies, and provide $13,200,000
for dividends to policyholders in 1944, on the same scale paid in 1943.
'
:
Earnings
force, total assets and surplus reserve,
reduction in operating expenses, according to a re-,:
insurance in
a
Jan.
Briefs
1.81^ below production of
week a year ago.-. .
.
its 101st year of operation,/this company snowed gains
judgment.
the
for
motion
held
week is reported atZ 148,427,000 cubic*
3
decrease of 2,734,000 cubic feet, or
151,161,000 cubic feet in the corresponding
feet,
validity
the
By order of January. 12,, 1944, we;
kwh.
This xs an increase of 715,288 kwh,, or 5.98
production of 11,957,821 kwh. for the corresponding week a
12,673,lC9
above
s
■
filed
was-
reversed
and
output
this Association reports plcctric
followed by oral argu¬
1943.
20,
•
sustained
-
■
the week ended March 3
For
$220,417
570,292
739.
business,
a
to-..set,aside.Aire.ificate.
The District Court
of the certificate and denied the relief .sought.
:
On
June
30,
1943,
applicant discontinued all train service on the
branch but has kept the rails and other appurtenances intact.
Upcf
Z' appeal the Supreme Court held that the certificate should have besxf
set aside because of the absence of requisite jurisdictional findings,
$406,854
$5,763,028
New England Gas & Electric
Decrease
1943
$5,392,737/ $5,613,154>
10,523,439 11,033,731
______
of
two. months of
year ago.
new
issued
which prolestants filed exceptions,
to
March
petitions.
—1^44—4943-_.— Increase,
ferlod^"""""
Month
1944
During 1943,
Branch—
Central RR.—Abandonment of
Feb. 25
on
report,, issued an appropriate certificate.
Z/; Petitions, for rehearing were filed/ by protest'ants, in which, for/ tltf;
first time, they contended that the branch is an electric interurban
railroad not operated as a part of a general steam railroad system of
transportation, and that under Section 1 (22) we arc without authority
to pei'mit-the abandonment.
By order of May 10, 1943, we denied the
1944—2 Mos.—1943
194*—Month—194T''
sales
First
accompanied by
cents-quarterly
Division 4 issued a report finding that public
convenience and necessity permitted the abandonment, and, with thp
(J. J.) Newberry Co.- -February Sales—
Mutual Life Insurance Co. of N. Y.—Assets
in
dividend
before Division.
ment
Inc.—February Sales Off 1.68%—
Feb.—
$2,289,364 >$2,238,529
Net
:
.•
Div.— /
the regular quarterly
report* of the Commission states in part:
/ Hearing wAs held Nov. 12, 1942, at which the Public Service Com¬
mission of New York, the City of Yonkers and a committee of Yonkers
commuters appeared as prolestants.
The City of New York appear^'
in .support
of the application.
An examiner's proposed report w^('
Co.
Neisner Brothers,
■
739.
p.
declared
3
miles.
3,1
Proposed—
dated Feb, 5, T944,- between this company and (which see below).—V. 159, p, 640/
-
—V.
■First two months of year..
V, 159,
of
ICC
On
„_
-
March
on
share on the capital stock, par $10, payable April 1
record March 15.
On Jan. 3," last, the company paid
certificate permitting abandonment by
the company
of its Yonkcrs branch extending from Van Cortlandt
Park Junction, New York, N. Y
to Getty Square, Yonkers, N. ' Y.,,
Co.—Earns.
1944
February-.,,
751,103
The
stockholders will vote March 20
The
(G. C.) Murphy Co.—February Sales Off 3.93%—
of
$1,243,550
.
merger,
Period—
Month
,
per
New York
.
income
p.
cents
special of 20 cents per share in addition to the 40
payment.—V. 156, p. 21,36.
.
National Tunnel & Mines Co.—Merger
operating income
159,
$1,262,965
Hampshire Fire Insurance Co.—Regular
holders
~'
•
'
a
1944—4 Wks.—1943
Heath Larry ha^ been elected Secretary to
R.
Crisswell.—V.
Operating' revenues/.
Operating expenses
—V.
;
^
939.
directors
to
i.oV//
income
,
Month of January—
Net
:
761,378
p.
40
The
corporation
Operating revenues'
—
—
$3,493,974
Uncollectible operating revenues.-————,
6,649
Net
159,
New
1944—8 Wks.—1943
$7,255,633 $14,449,844 '$13,624,092
The number ;of stores:in operation at Feb.-26, 1944, totaled 873, as
compared with 947 a year previous.—V. 159, p. 733. •
159, p. 450.
Operating taxes
•.
^
•_
taxes
of
National Tube Co.—New Secretary—
the
year
Mountain States Telephone & Telegraph
*
'
$8,057,646
5,553,274
1,260,822
$7,631,247
Tunnel
■
'»
National Tea Co., Chicago—Sales
quarterly, based on results of renegotiation
fiscal years as reported to' stockholders on Dec. 10,
credits issued against billings on war contracts for
Board.—V.
A l'1'
expenses
operating
The
$6,562,043/: 1942-$5,771;695i—Vv 159, P; 552/
rV'-
it*'y
6,697
$8,655,468
5,819,010
1,573,493
income:
—V.
deprecia¬
tLess reserve fox
$335,000.
1942,
Period End. Feb. 26—
itself"
.
Net
24,355,922
.29,327,848
Z
-
—
Net
107,976,096 101,011,222
and
1943
gales
is "renegotiating,
for its past two
1943. Voluntary
the six months'
period amounted to $1,820,871.
Estimated net earnings reported at
this time, however, are still subject to review by the Price Adjustment
fiscal
current
its
During^
Z
reserve:
tion: v1943,:
29-states:
issued Feb,
statement
A
:
Operating
Operating
$8,064,343
5,456
revenues_._Z____
Operating revenues
did not include voluntary credits.
such figures
because
_j.__
—i_—
•Less
.
1942
(no par)
surplus
revenues
Uncollectible -operating
,
debt
Common; stock
i
.1943
1944
$8,660,924
Operating
525<349
382,859
1,250,000
1,281,900
14,0.16.446
6.225,753
27,286,000 33,536,000
28,175 651. .28,175,651
compensation. pian_____
income and capital stock taxes
for Fed.
Funded
$1.12
* After
provision for Federal taxes: 1943, $3,052,508; 1942, $3,452,465,
and a special reserve for renegotiation and post-war adjustments: 1943,
S450,00u; .1942, $450,000,: : tOn 845,752 shares of common stock,
$Reported earnings for first six months of the current iiscal year cannot
be compared with estimated earnings reported
for like period ended
in
additional
1,022,724
Co.—Earnings-^*
England Telephone & Telegraph
New
587,334
1,022,724:
1,186,972
939.
159, p.
Month of January—
3,161,621
Debentures redeemable within one year
Earned
V.
1,682,358
^
.
Comparable figure for the week, ended Feb. 26, 1944, was 64,885,384.
an
increase
of
4.52'/ over
the corresponding week last- year.^
159, p. 739.
"absurd—perfectly absurd."—V.
Months Ended Dec. 31—
earnings
2,725,002
the
for
61,555,538
7.31'J
1,296,281
/ 2,460,104
companies
payable Feb. 1_
for
Reserve
with
.«
reports number of kilowatt hours available, for Its
week ended March 4, 1944, as 66,056,680, compared
for the week ended March 6, 1943, an increase of
Association
The
territory
'*
^^..^
affiliated
to
Output Up 7.31%—
..v...
—107,976,096 101,011,222
__
i
_______
liabilities
Total
jEarnings per
-I.:
14,045.991
equipment
payable
Dividend
Motor Wheel Corp.—Earnings—
Net
dl
...
10,694/196
23,495,314
47,244,263
41,271
4,193,406
Liabilities—
$3,927,047
Federal Judge John P. Barnes at Chicago dismissed Feb. 29 the
$1,000,000 libel suit of company against the Mc-Graw-Hill Publishing
Co. for a report on the mail order houses's labor disputes printed in
Business Week, a McGraw-Hill publication.
Judge Barnes commented
that the refusal of Sewell L. Avery, President and Chairman of the
board of
Montgomery Ward, to bargain with
the company's 37,000
6
plant and
1
Total
Decrease
1944
1943
$37,516,440 $41,443,487
Suit Voided—
was
_____
Deferred charges
Accrued
employees
_____
<Jj
11.258;023
16,293,412
56,926,810
"
162,271
8,353,254
/ 1,450,626
13,531,700
•
Post-war refund of excess profits tax,
Inc.—February Sales-
of February—
Sales
1
•
receivable——
accounts
Inventories
$395,055
235,077
98,794
319,326
■•/. *" /
1
tProperty,
Montgomery Ward & Co.,
Mouth
1941
,,
$555,681
133,376
116,093
income—
640,
oper.
ry.
1942
1944
railway—;;
from
from
Net
1942
1943
K
v"
V-
cash
$574,920
306,436
January—
Gross
Sheet, Dec. 31
/
"•'V*'.#• fi J V
q-rr.'.-,
'
onf-'
share,
preferred
each
s
Note—Corporation's proportion of the net earnings' of companies,
by majority stock ownership and
not: consolidated, less
received, was as follows: 1943, $149,000; 1942, $192,000;
Trust Co., sinking fund trustee, 16 Wall St., New York,
and including March 25, 1944, receive bids for the
approximately $19,690 of first mortgage sinking fund 5%
income bonds,
due July 1, 1955, for the .sinking fund at prices not
to exceed 100.—V. 157, p. 995.
The Bankers
N
For
■
in 1942;
1942.
ducting
Associates:
and; one share of common; and for each conimcm
share, one-fifth of a share of common.
Rhode Island Public Service Co.:
For each preferred share, one
share of $2 preferred; and for each Class A share, .two shares of $2
preferred.
New England Power-Association: > For each 6',/
preferred share, lYs
shares of $2 preferred and 3.9 shares of common; for each $2 divi¬
dend preferred share,
one-half of a share of $2 preferred and 1.3
shares of common; and for each common share, one share of common.
The plan was filed in compliance with an order of the Commission
on March 17,
1943, against the holding companies in the group.
■order required that Rhode Island, Massachusetts Utilities, Massachu¬
setts
Power
&
Light,
and North Boston be eliminated as holding
companies in the N. E. P. A. holding company system, to the end that
the system shall contain only one public utility holding
company.-
4,736,297
897,933
•Depreciation provided: 1943,
(1) post-war credit of $121,000 in. 1943 and $18,075
debt-retirement credit of $882,500 in 1943 and $81;695 in
.
-
.
Utilities
share of $2 preferred
■
4,089,600
v
- " $3,37
$821,361; 1942, $721,195/ tAfter de¬
paid on common
of
Massachusetts
.4,089,C00: $4.14
stock
/Earnings per common share../
Dividends
one-fiftieth of a share of
Lighting Properties:
For each preferred share, IVa
$2 preferred; and for each common share, three shares of
Boston
common.
.
1,258,964
1,294,357
4,703,500
9,031,500
8,461,526
-.
_
shares
/,://
12,156,221
'
•
each common share,
for
and
common;
eommoxi,
25,946,180
35,758,256
___
Monoid Coal Co.—Tenders Sought—
sale to
of
456,852
.
12,267,373
general expenses—
and
Normal, surtax and capital stock taxes
fExcess profits tax_Z—
1941
$101,392
1942
one-half of a share of $2 preferred and one-tenth share of
for each $2 second preferred share, one-twentieth of a share*
share,
North
"
$97,726
1944
//
1943
$159,125
$139,216 •
52,225
59,663
shares
common;
tive
,
Mississippi Central RR.—Earnings—
January—
,
25,489,328
35,508,975
profit on sales.
Miscellaneous income and profits
Gross
Other
,/
.
,
of
•Cost
*
board.—See V.
,
and other commodities
..
„.
.
,
31—
sales of whiskey
Net
Utilities Associaes common voting
Public Service Co.
s*
of the reorganized holding companies in
substitution
for the shares of the existing holding companies out¬
standing with the public will be made as follows:, ■•/•
Massachusetts
Power •& Light Associates:
For each $2 preferred
Island
trust, and the Rhode
Distribution of the
1943
-> 3942
$ •'
$
179,603,162 144,193,127
1 144,094,187 118,703,799
/■./../:::.
Muguire, President of the company.
Mr.
Subsidiary Companies)
((Including Wholly-Owned
Utilities* Associates, / Massnchusett
Report—
'
Corp.—Annual
Distillers Products
National
/
Monday, March 13, 1944
FINANCIAL CHRONICLE
THE COMMERCIAL &
bonds at thfe
except 10,071,
shares,
i:
of the outstanding stock
that the.only Harlem stock
indirectly, by the Central since the making o1
the offer in June, Z1943, are the shares which it acquired in accord¬
ance
with the said offer which, was made to all minority stockholders
of the Harlem.
'
/
■>
'.;/;/Z:/*: •
The Central proposes also to .bring in as defendants in the suit such
representative number of the remaining minority stockholders as may
be determined by the court,
This procedure is necessary in view of the.
fact that the Central is proceeding with prosecution to final judgment
of
the
pending suit as against the remaining stockholders of the,
Harlem.
.■///;■• ./• /':'->/..■ Z/^/'//>>/ /''/
/ I
The Central
of
the
now
holds approximately 95/
Harlem and the motion papers show
acquired,
directly or
•
New Director,
"
Lawrence
Bank.
directors
by
the
&
N.
Etc.—•
Murray,
First
Vice-President
of
the Mellon
National1.
Pa., 'has been elected a member of the board o'i<
of the New York Central RR. Co. to fill the vacancy caused
Pittsburgh,
Mr. Murray is also a director of/
and of the Pittsburgh McKeesporh
. *
Executive Vice-Fresh)ent of the New York'
has been appointed a member of the Executive Committee.-'-
the death of W. K. Vande>-bilt.
Pittsburgh & Lake Erie RR. Co.
Youghiogheny RR. Co.
Ravmond D. Starbuck,
Central,
Volume 159
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4263
1043
'
Annual Report for- Calendar Year
had
company
carried,
more
jmore miles than ever before.
passengers
'ior
Net
Net
.
for
the
in
1942, when it
Railway
of
&£• every
share
47.2'/r.
totaled
These
tax
stock,
include
and
$122,035,845,
absorbed
accruals
revenues,
$78,437,781
than
more
for
$1,750,766
Inc.
income
chgs.
$73,310
$1,522,912
$1,724,241
y--
919,046 \
*$4,022'
$603,866
'< 24,840
;
.
;
372,041
Total current
the
of
personnel
military
four
commenting
Accrued
railway
batallions
service
the serious
U.
turned, services,
v
filled
with
coupled
considerable
in
turnover
which
have
had
of
contributed
be
to
be
must
more
can
other agencies
and
done
done
the
and
and
Income
successful
Williamson
Mr.
accomplishment
said:
V.
-
Calendar
railway———
159,
'
296,965
1942
1941
100,750
131,380
147,773
' "141,060
job
.259,382-
257,648
the 99th
annual
amounted to $3,342,000,000 on Dec. 31, -1943,
President, stated on March 8 in making public
statement
to
policyholders.
After
1942
funds
'1
to $3,127,000,000, surplus
amounted to $215,000,000.
■
■
deducting liabilities
held
for, general contin¬
revenues
J"
—
428,254,134
480.665.605
—„
—
Passenger revenues,h-—162,017,837 112,259,031
Mail revenues .—3—
12.908.893
1.1,999,746
Express
13,778,434'
36,754,064
revenues
All other
revenues
'Total
.
,
Traffic
*
593,666,0961
706.124.833
—
."Maintenance of way and structures,—--—-,—
.,1 Maintenance of
11,132,496
30,020,689
and all
Gfeneral
-Net
,
—
other
—
7,987,109
—
—
24,465,267
*
-
90.399,495
18,278,590
21,133,706
.
1
Misc.
109 658.003 108,678,085
deductions frpm income—.a..—4'- 1,587,495
11,082,453
that
set
Rent
leased
for
Interest
fixed
available: for
Income
Interest on,
103,070.508
2i.095.814
22.392,182
debt———* 23,563,322
24,533,511
and
unfunded;jiebt—%
Amortization Of discount
8'Net
income
Dividends
Earn,
funded
on
1943
and
and
depreciation
$8,842,087
in
.
roadway property of, $8--
on
1942.
tlncludes
and
amortization
depreciation of equipment of $28,193,575 in 1943 and $24,476,159 in 1
1942; alsoIncludes depreciation of power-plant: machinery.; $866,044 in "
1943 and $805,344 in 1942.
Investments:
'
"
-
-Read
$
.
———w;.
Donation and grants
Cr7,206,592
Sinking funds, etc..—.1;—163.216
Miscellaneous
Affiliated
property—
companies: (stocks, bonds, notes
physical
and
advances) ———-M.—405 519,761
invest :
(stocks, bonds & advs.)—
47,004.958
special deposits and temp, invest
21.0,344.673
Materials- and supplies—'
38,728,982
7>ther. current* assets——L-—■
40,742 351and
assets
unadjusted
debits-.
,
•
:
plan
Income
secured
bonds-.
37.237,200
—
liabilities
Deferred
and
other
other
and
175 229,525
Unearned
surplus
Appropriated surplus
Earned, surplus,
——-
:
tl45.289.003
245,777,708
;
—
—1
:
2.978
liabiliity
to
lessor
companies
which
expiration
p.
of
were
a
issued
be
$7,111,622.
'
lease
RR,
a
total of
$10,000,000 which
-
;
fixed
was
accrued
$541,000,000
York
&
accruals
at
ry.
Other
arranged in
provides- for
a
4>See
P.
Cleveland
2472.
V-
Cincinnati Chicago:
■
in
Old
Colony
sale,
this
corporation.
1942
$*
$
44,385,831
9,148,453
revenues.-
11,151,864
20,204,792
5,042,866
25,273^379
revenues—-1—1'
96,748,876
83,679,694
taxes
14,605,700
14,368,60%
7,788,673 ;
15,999.344
expenses—;.,——-
Net operating
.
Federal
income
Federal
598,257
48,297,174
25,853,170
31,042,734
,19,701,307
5,027,354
23,231,360
—
,
—
.
excess
:
^profits Max.—.1————
Special franchise and real property taxes—
Other taxes
15^421,140:
1.0,475,887
15.044,403
—
—
14,477,020
sharp
Net
income
operating,
1
-
35,201,746
-
income.—_—.A—3;352,808
and miscellaneous income—-
Miscellaneous
deductions
from
297,347
——.
income-—-——
31.046.052
1,512,769
306.406
2,909,317
2,640.880
35,942,584
J'3,062,500
1,118,005
30,224.407
1943
RR.,
Income available for fixed
Bond
Other
result
$22,901,437
interest-J
income
Note—The
$872,777.
income
on
1943,
1943—MonthCl942
1,198,754
\ $1,090,265 1
deducts.-
Old
Colony
;
above.—V.
158,
profits taxes for
excess
profits tax credits of $1,713,460
avail,
for
1943
;
1942 are;
and
ami
;
Company used all of these credits through debt
oper¬
■
;
—
—
Special cash
deposits————
Accounts
:L..~
1,184,609
938.4.37
1,210,629
■
29,150,040
—.—_
7,455,906
10,218,189
—
and
29,777,86(5
1,480,868
1,355,291
1,406.234
85,101
—
supplies,—
Unamortized debt discount and expense....——
Unamortized
7,367,38(1...
22,900.000
.
—...—2,782,784
Prepayments
a
5,783,464
9,4.58,797
——.
receivable
Material
$
870,746,343 869.989,461
and other invectments
Working funds——,:
.
1942
,4':-;
■
Total plant
Cash
;
Temporary cash investments.——;.
order
show
accounts
'
1943
Assets—
.
stock
capital
expense
1,344,702
52,158
—
Other
*
fund—
deferred
5,553.726
Total
3,706,687
.
r'
$3,429,767-.$36,345,666 $33,719,531
fixed v"
.'
,
512,036
1,625.410
!
'
'— 948.893,139 929,641,671
Liabilities—
stock
Premium
on
Total
*.:.
•
common
funded
j.—_i.
—
421,300,000 421,300,000
stock.14,269,120
14,269,12(»
100,000,000
100,000.000
19,187,980
debt
^
of. pension
$3,347,569 $35,926,210
depos.
13,677,185
15,518,045
Taxes.—34,897,330
32,688,857
Demand
'630,892
$33,08R;639
82,198
14,641.221
6,174.669
Accounts payable and other current liabilities—
419,456
37,629
.
512,018
1,197,068
—
charges.—..
notes
sold
to
trustee
Advance billing for serv. and customers'
Inc.
$7.52
excess
1943—12 Mos.—1942
541,743
■
•
'
61,533
'
25,358,504
$6.02
31,700,547
—
and
$2,888,024 $30,791,940 $30,012,844
from
*
1,741,870
'
,
*$108,489
-
:
total
3.062,500 '
-
-
—
provisions for
of the
and
charges.—61,532
—J
respectively.
Insurance
income^!
expense
retirement.
adjustment of 1942 Federal income
income for the year 1943 is now
„
'
fixed
,
after deduction
awards and payroll taxes which
charge the company has applied
December,
discount and
Earnings per share—4
net
the
.—
—
debt
Comparative Balance Sheet, Dee; 31
estate, taxes
real
this
that
while
%
of
.miscellaneous
Net
charges
—1
interest
Amortization
June
Commission to include an estimate of $4,-
Against
$35,970.
income
:
fund
5.890,32(5
'
•■•'
^
charges '- J
for
Other
leased
$1,052,636
roads—
deductions
deductions
65,583
___.
„—_
65,583
li021,430
1,029,258
1,593
787,692
12,388,835
1.671
Inc.
after
Depreciation
fixed
(way
chgs.
Rents
•
of
Federal' inrome
:."Los£.
.taxes—:
tCi'edit.
*'$35,970
$2,252,728. $22,901,437 $19,912,114
.
;■
due:
———
;;——
——
474.195 :
'
155,883
; .+771,756
280,818
122,080.
1,289,471
r 5,622,287
2,109,855
14,248,474
3,333,646
1,167.54,1
13,267,856
"
.
982,631
1,628,141
99,062
104,258"
Depreciation and (imortization reserves..i^~_— 316.245,525 298$25,64.3
Miscellaneous reserves and deferred credits;..—•
.Contributions of telephone .plant..-———'
%, ' 679,764.
Tot"I
—v.
1,844,623
569,675
reserved-..—: '■ 4,166,511
Unappropriated surplus....—1.9.189,846
Surplus
and
equip.1u
.defense' proj,
liabilities not
Interest '
787,690
12,235.410
.
Accrued
•:
■
Amort,
By.
(lie
181,893,364
-
retroactive* wage
1.944:
^structures &
'
Louis
of
the Rochester
—
—
expense..—,
Commercial
—
!
and. unpaid
with, the
oper.
Total
Rent
St,
result
a
Operating rents—
^,..1.
Total general and miscellaneous expenses, net
$14,454,106 $13,618,710
"1,743,514
*2,423,272';
% 2,170,761
2,663,778
■— L
+1,117,341
+1,567,575
leases.
income
Miscell.
1928.
Central, Now
Holding 95% of the Stock, Seeks to Determine Income
Tax Liability of the Road.—See New York Central. RR.
•'
As
26,374,199
expenses—35,312,462
■Traffic
Income, Items for Dec. and 12 Months Ended Dec. 31-—
Harlem RR.-—New York
,'NeW Director—
cost.
investment in
187,782,331
Depreciation
to
also
charges—s.
Commerce
cover-
granted
Interest
New
iiv western
Operating revenues..-—
——466,912
maintenance—46,561,721
Current
following companies were rejected on dates stated
Period End. Dec. 31r—
■
:
.
their
any
revenues
Common
of
above
facilities
investment
Uncollectible
York
leases,
939.
of the presently outstanding convertible 5%
notes due April 1,
approximately $1,150,000). have been called for redemption as of
April 11, 1944, at '10034 and interest.
Payment, will he made at the
Manufacturers Trust Co,, trustee, 55 Broad St.., New York, N. Y,
This redemption will complete liouidation of a borrowing, bv the New
Dock Co.
.
revenues—59,054,423.
service
Dividend
Corp.
Interstate
deficit of
•All
158, p. 2364.
rearrangement, of
a
substantial
'Total:,:r:255;985;207"'237;43X,O59^:
'
these.properties:
reported
1947
-v.
to
longer has
no
Miscellaneous
for the pui-po.se
Besides, $857,143
be
from
credit of $2,386,750 representing
tax
New York Dock Co.—To Redeem Notes—
York
;
groSs .plant additions of
$23,600,000, leaving netr
:to
'
$376,000,000—
decrease
charges from $16,000,000 in 1935 to about
debt
Charges__'—_
340,000- to
New
the
of
the
of
Net
,
will
of
cost
a
•The company reports that previously published figures covering
ations for December and the year 1943 have been modified by
1,952,770,540
the
in
1043
Toll
and Providence properties;, also accrued and unpaid charges
against said properties for Boston Terminal Co. taxes and bond interest.
8,208.002
for
Central is obligated to make settlement on
f Restated for comparative' purposes.—'V. 159,
paid
were
This amount, together with
1941,
resulted
amounted
of. telephone
a
$601,259
was
Local service
Boston
201,606,205
2,102,431 268
at
gross
and
—
8.636.734
-
Total
."Comprises
'•
253,486,928
.
the
available .for
•Jlncludes
114,085,860
272,198,579
_
reserves
$6.25
1942.
.
three
ago
Commerce
Interstate
bonds
income
$165,000,000—and
-
Providence
unadjusted.
credits
miscellaneous
Depreciation
years
the results of opera¬
2, 1936; Hartford &
Connecticut. Western RR., July 31, 1936; Providence, Warren & Bristol
RR., Feb. 11, 1937; Boston & Providence RR. Corp., July 1.9, 1938.
tEffective as of. these dates, no charges for the stated leased rentals
are
included covering, the Old Colony RR., Hartford and Connecticut
Western
RR., Providence, Warren and Bristol RR. and Boston and
49,500,839
182,703,185
Current liabilities.
of
year
for
Comparative Income Statement
below, but net railway operating income includes
57,371,081
.
in
Colony
"The leases of the
<
61.090.200
,46 651,561
56.500.936
—
of
interest
after
INet
5,500,000
payable to affiliated companies—
the
by
operating revenue
;
railway operating income————
Net
502.009,000
"Amounts
eight
1944
502.?32,642,
5 500.000
Convertible and; other
material,
Retirements
incident
made
Interest
42,464,254
501.951,000
Equipment obligations"
re-used
1
31,301,902
5fi2,?'}2.642
—
the
;;
"
Mortgage bends
r
receivership
Total
Capital sto-k (6,447,413 no par shares)
—'—-—————
?
'
'Earnings for Month of January—
2,102,431,268 1,952,770,540
bonds
Old
cuts
$6,000,000.-
Liabilities—
Debenture
for
with $6
$18,900,000 less than in
of
duplication
company
refunding bonds and $642,857 in income bonds will
for Old; CP'lony creditors contingent on
1943 earnings.
annual
in
'
—
into
went
submitted
$1,422,459
the
reduction
tions
Total
1921,
which
.
54,076,196
*
The
a
36,785,1-66:
,
•
operating territory to elim¬
'New York, this
in
the
capital stock 0"
Rochester Telephone Corp., comprising all of the issued and outstand¬
ing second preferred stock (48,140 share) "and approximately one-third
of the common stock (335 shares). In August, 1943, the" company sold
these, securities to a group of Rochester business men: for $5,369,953,:
T>P
,
and
1
402.854,724:
51,994,078
97,461.293
,
,
Cash,
Deferred
first
-
■
r
common arid preferred stock vajues and
Colony RR., now under S9-year lease to
present
the Old
Haven
been
and
buying
51,907,073
51,969,689
„
Other
bonds
699,381,926 '
422,110,875:
123 344,435
{>7,238,595
;;
403,409
_
Dividends
•Years Ended Dec. 31—
New
have
reserved
$
-
■
-
701,5.65,869
,w--————---J—' 434,803,653
Improvements on leased property—
125,118,512
was
an"
wipe out
the
of
Equipment
In
plan must be submitted to a vote of the New Haven's creditors.
Under the terms, "an additional $1,631,327 in
first and refunding
1942
1943
1942.
stock, compared
$29,700,000.
company
the
Sheet, Dee, 31
* "
1942 and
Haven.
,
in
Condensed General Balance
Assets—
in
sources
common
.
$7.61
$9.73
year
use
.
49,082,183
'
9,671.091
—
1
the
.
and
the
inate
and
Commission.
This plan was approved, last December virtually in its entirety by
Judge Carroll C Hincks, who placed his stamp of approval on the
proposal
rch 8, but it was returned to the ICC because of certain
changes proposed bv the jurist.
The ICC last month amended the
plan to conform with Judge Hincks' ^suggestions.
..
Several attorneys objected to the plan at a hearing March 3, but
Judge Hincks' decision said they repx'esented dhly $12,000,000 "out
of about $350,000,000 in claims, inclusive of the Old Colony " * V
Objectors now have 30 days in which to file an appeal and then
plans
'
-62,734,050
———
"Includes-amortization
in
5,201
--
—
—
Since
1,587,756
672,121
,
debt—
share
per
965,011
equipment
were,
income
$13,000,000
judge,
calliqig the terms "fair and equitable,"
amended plan oL reorganization for ;.the rpad
7
price, for
new
New
'
Court
March
would
a
the
97,595,632
roads
funded
on
.chargesA———.
in
York, New Haveh & Hartford RR.—Court Ap¬
Federal
approved
3
-
for
calls
reflected in greatly increased
of tail
facilities.
Toll calls originating from this company's-telephones .totaled,
206,900,000 in 1943, an increase of 19% over the 1942 total; There was*
a still greater percentage increase in the longer haul toil
calls, their 1.0-t
tal in 1943 having been 30% more than in 1942.
about
Plan—
proves
A
>TotaI income
also
During 1943 expenditures, for new construction totaled approximately
$16,700,000 which was $8,200,000 less than; was spent for this purpose
451.
p
-
daily volume or originating
increase of JL1 % over 1942.
an
activities
similar
real estate
D; Martin , has been, elected, Assistant Vice-President
Leonard, A. Philhps named Assistant Secretary.-t-V. 158, p, 676.
New
88,524.297
-
159,
for.
cared
was
average
.War
on
in a strong
.Robert
——————
—
amounted to $22,900,000.
the' company enters its 100,th year
demands
number of
available for dividends, after, operating taxes of .$61,provision for all chargevS, was $31,701,000, an increase of
$6,342,000. This amount was equal to $7.52 per share of common stock
outstanding during the year, as compared ;With $6.02 per share in 1942.
Of the 1943 earnings per share,. $1.14 was from transactions Which
may not be* expected to. recur regularly,
compared with $0.19 from
Steam Corp.—New Officials-—
New York
railway operations——— 228,787,734 190,996.498 i
.-ax accruals ———^„r,—w~—
122,035,845 e 82,890.104,
*&et debits lor equipment and joint facility rents: 18.277,592
17,706,899
Net railway operating income—
Other income —
civilian
additions to plant of $6,100.
20,338,412
from
revenues
The book; value of foreclosed
assets;
sOn April 12, 1944;
position.
See also V-.
7,143.584
Transportation —-^-—,3.;-—.,——234,558.W 197,544,216
—
of the total
sold during the year
an
3,056,000.
547,000
.
1%
over
68,547,071
89,735,382
equipmentivJxL^——120,590,944 109,096.315
*
company's: services created, first, by
program and then by the preparation for total
accelerated pace during. 1943. The problems of
Defense
at
Report—
the
for
additional service were
complicated
by
a
progressively
facility situation but war needs were fully met and the bulk
Net
largest, item among the assets is $1,608,000,000 of U. S. Govern¬
obligations, which is equal to 48% of the total assets.
The com¬
pany increased its holdings of such obligations by $341,000,000 in 1943.
.The company declared "for 1944 the same annual dividend scale as
was
applicable for 1943.
Dividends payable in 1944 amount to $33,600,000.
"
Real estate holdings ■ of the company, acquired
under foreclosure,
were
valued at $38,250,000 as of Dec. 31, 1943, which is but slightly
ment
Freight
2,214,001
,
'
The
15,327,744
President in his report for 1943 states:
demand
continued
13,900,000,
company
Harrison,
L.
George
19,239,499
taxes—2,657,495
Government
telephones in service increased by 159,000 to a total
This gain, which was the largest in any, year'since 1929,
compares with an increase of 82,000 in 1942.
In obtaining the net
increase of 15.9,000 it was necessary to install 448,000, remove 289,000,
and change the location of 164,000 telephones."
,
Assets of this
S.
unusual
The
of
:
„
2.248,931
$42,264,326 $36,880,548
■—
providing
$337,833
123,593
'
45,833
17,541,745
—
739.
National
war,
0230,254
$237,206
161,139
.
584.
p.
gencies
1943
the
$436,889
1,984,928
45,833
——_
liabilities
James W. Hubbell,
'
6,928
1,966,834
1,943,374
;
liabilities
U.
1,489,456
21,896,994
accrued—
Government taxes—
than
$1,638,000
6,928
liability
159, p.
The
Years
i>.%'
5,655
of
1943
———
—
New York Telephone Co.—Annual
57,711'
-
;
accrued————
current
tighter
$216,655'
amounting
for
231,998
New York Life Insurance Co.—Annual Statement—
;
1944 with confidence."
Account
—V.
5,829
380,445
Cr263,114
...
$241,695
railway—__
,Net ry. oper. income—
%
the
of
S.
Other
5,946
tax
current
Total
$135,696.':
$486,096
taxes—..——
1944
from
from
Net
employment.
\yas done last year in the war effort.
Still
onlyv with the continued cooperation of all
face the challenge of
we
Government,
the
to
Accrued
':
unpaid
rents
$1,216,916
117,331:
,
matured
interest
Other
—i
229,609
'
,
January—
making acknowledgement of the efficient service performed by its
and
the
splendid
cooperation
accorded by
shippers,
the
traveling public, the armed services, the Office of Defense Transporta¬
% :"Atl
3,578,484
payable
unpaid-
Unmatured
Earnings' for Month of January—
;
employes
tion
3,484,929
2,041,407
1,908,973
and wages* payable—;
accounts
Unmatured
402,634
2,220
accrued......
liabilities
Government'taxes.-...
S.
Gross
in
-
6,499,314
4,870,876
U.
Other than U, S. Government
called attention'to
shortage created by the loss of employes to the
manpower
7,533,107
Interest
13,076
'
,•
$1,449,400
six
maturing, within
Dividends matured
<
,fTotal current liabilities„__..i_^_il—^._—;
,
-V
■
.
i„$87,848,261 $57,089,072
:
Liability Items—
^
200,000
•
$1,796,2.82
:tax:;liability.i.—^^_^-————^
current
—
months-——
The
men.
■
Mr. Williamson
personnel,
upon
interest
Unmatured
Other
almost wholly by New York Central
In
1„
assets
—-
Audited
■,
$271,650
,
of 1932.
Interest charges, computed on an annual basis, on the
Obligations outstanding at the end of 1943 were $12,323,586 less than
the obligations outstanding at the end of 1932, a reduction of 26%.
At the end of
the year the company's employe personnel totaled
116,316.
The number of furloughed employes serving in the armed
forces of the United States had increased to 20,211, including the
-
:. 601,206.
:
,
a
end
officer
assets______
325,525
316,797
'
'
•'
Mis'cellaneous: accounts
Audited accounts and -wages payable..
$128,484
Interest matured unpaid—4,726
reduction of. $25,770,184 was effected .in. .the
amount of capital-obligations.
At the end of the year the total of
Auch obligations was $891,967,063, compared with $1,108,807,952 at the
year
1942
'■ 436,364
' 7
receivable.
.Selected Liability^ Items—
:
During
1943
,
receivable.—ir.r.*,
dividends
and
102,529
'
assets——L.;—308,461
current
Selected
7,713',056
228.145
' 487,427
2
,
Funded, debt
3,476,507
6,041,906
8,091,034
.
Traffic and car-service balances (Cr)___„,__..—
Items—
Miscellaneous' accounts
Interest
„
current
Items, Dec. 31
stocks, bonds, etc., other than
those - of ^affiliated companies—. $238,095
Uashv——...w—v.———„ : ;■■996,264
Temporary cash investments—
350,000
.Specialdeposits.—_—
11,434
and excess profit taxes, or $12.16 per share.
charges decreased 43,176,991, compared with 1942.
Net working capital at the end of the year totaled $107,112,821, an
increase of $55,650,319 over the amount at the end of the preceding
.
.
290,000 :
5,578'.876
.
from
receivable
273,552
-
12,402 400
1C8
:
supplies
$787,050
^281,509
A4Q.S04.:
21.131,470"
agents and conductors
3,312,576
accounts receivable—: 17,217,371
Rents
Total
•
1942
$5,557,530
Interest and dividends receivable—
937.191
in
Investments
receivable
Materials. and
77,332
$199,691
taxes.^
Asset
Net bal.
and
Balance Sheet
Selected
26,525
24,286
.structured and equip,)
cents-•
17
$223,977
,
.
...
(way
Federalv income
27,425
bills receivable—;._2—
Other
fixed
Depreciation
4,067
1S43
$5,300,600
:
,
33.976,696
Temporary cash investments—20.504,000
Special deposits
v
3,722,443
Loans and
4,538
81'.'':''
bonds,1 etc.,' other than
companies.,;.—-
Cash
•
.
stocks,
affiliated
of
Miscellaneous
i—_
after
$77,377
Fixed
1
,
$1,550,337
those
fixed
deductions
Interest
equivalent to $18.93 per
United States and Cana¬
were
60,735
:
,
charges
compared
increase
an
$1,690,031
50,402
;—•*—
.
avail.. for
Inc.;
>
67.83.
was
accruals
dollar of operating
of
dian
'
tax
1942
$1,499,935
9,363
—„'$228,515
income
.
kvilh
income
Miscell. deductions from
operating revenues
.freight moved, as measured by: the nurpber of tons moved one mile,
reached, a new peak and was 11% higher than in 1942.
The revenue
per ton mile was 8.73 mills, the lowest since 1919, except in 1942, when
it was 8.65 mills.
Passenger traffic, as measured by the number of
Revenue passengers carried one mile, the heaviest on record, increased
$6% above 1942, Revenue per passenger mile averaged 1,905 cents, com¬
pared with 2.058 cents in 1942.
Railway operating, expenses were 18.5'.; higher than in 1942.
Rail¬
way operating ratio was 67.60, the lowest since 1916 and slightly lower
than
";'v
;; .Balance Sheet Items( Dec.
'.'.Selected Asset Items—
\
Investments, in
^
$62,734,050, equal to $9.73 a share.
increased 1'8.9% over 1942.
The volume of
'■Total
':'■■■;V'"y
Mos.^1942
1943—12
$68,014
'
796
.
1'
was
year
$227,719
income.—.
Total
industrial production
was
income
1943—-Month—1942
income.—
oper.
ry.
other
chiefly responsible for this record-breaking traffic. Dur¬
ing the year 1943, transportation, and particularly rail transportation,
again proved its indispensability to the war effort."
•
war
Connecting RR.—Income Items-
Period End.'Dec. 31—
for
■;%AyS
He added:
"Further expansion of the nation's tremendous
.
New York
;
issued
1943,
,
the
1943—
publica¬
stated that in that year
and moved more freight
In the annual report to stockholders for
tion March 6,. P. E. Williamson, President,
-448,873
..
17,035,819
—.943,833,139 923,641,671
159, p. 740.
j
..
.
.
New York
The
of
holders
24,
March
218.
fol¬
were as
1944, all of its
at 102% of the
amounting to $1,046.43 for
each $1,000 debenture.
Payment will be made upon presentation and
surrender of the debentures with all coupons maturing May 1,
*944,
and subsequent thereto attached, at The Marine Midland Trust Co..
of New
York.
120 Broadway,
New York City, or at the option of
the holder at the office of The Marine Trust Co. of Buffalo, or at
the office of Lee Higginspn Corp. in Boston or Chicago,—-V. 159, p. 740.
has elected to redeem on April 24,
convertible debentures now outstanding
corporation
5Vs'.b
principal
interest,
accrued
and
amount
annual meeting, April 19.
support and approval of the
for election to the board
Hugh B. Baker, Henry C.
Brunie, Walter W. Colpitts, Joseph I. Lubin and Walter S, Mack Jr.
Stockholders will be advised of the details of the plan in the proxy
statement
for the annual meeting which
is now in the course of
preparation for filing, with the Securities and Exchange Commission.
It is expected that the notice of the meeting and th;? proxy statement
will be available for mailing to stockholders about March 17." •
Mr. Mack in an earlier statement on March 6 said he had agreed
with Mr. Lubin upon a slate of directors.
<
M:\Lubin andhis associates recently acquired a 32% common stock
interest in Phoenix and on Feb. 29 solicited proxies in behalf of an,
entirely new slate of directors.
,
■
- \
Net assets of Phoenix Securities Corp. as of Aug. 1, 1943, amounted
to
$24,600,000, equal to $31.18 a share on 849,764 common shares.
The principal holding was 424,882. shares of Pepsi-Cola Co., or 22.4%
of the outstanding Pepsi-Cola stock.
This block was carried on the
Co. (Dei.)—Weekly Output
Electric output- of this company for the week ended March 4, 1944,
totaled 41,930,000 kwh., as compared with 39,303,000 _kwh. ior the
corresponding week last year, an increase of 6.7%
v, 159, P- «
declared
have-
directors
cents,
March 31 and dune
Like
1661'.
quarterly dividends of 7 Vs.
two
Corp.—Dividend Authorized—
post-war period,
panies in the hands of the public of $33,114,220.
During the last five years, there has been a net reduction
.
Operating revenues ___
Uncollectible operating
Operating revenues
Net
—
$101,822
$94,223
51,842
15,916
54,806
26,256
_____
$20,760
,
20,636
__
<•
159,
Net
1944
Operating
revenues : ___
Uncollectible operating revenues
$5 308,031
2,999
6,897
__
159,
,
•
%;« t,"
^
"
(>i
(
railway operating income
income
Gross
.
Operating
taxes
Net
_______
____
_.r
income_____
operating
Fixed
'1
_
_
stockholders, Frederick C. Freeman,
1943 earned net income of
against income in 1942 of
$601,887, or 56 cents a share.
In 1943 the company served the greatest
number cf customers in its history, but nevertheless, Mr. Freeman f
stated, earnings were down and the stockholders received the lowest »•
dividend since 1919.
This low rate to stockholders was chiefly due
to
heavy taxes which
totaled $1,021,300 for 1943.
The company
during the year .disbursed dividends of 50 cents a share as compared
with 55 cents in 1942.—V. 158, p.: 1177.
84,906,432
' 84,631,445
charges
of
February
of
two
First
—V.
months
159,
year
641.
p.
Fidelity-Philadelphia Trust
Philadelphia,
receive
Jan.
at
Pa.,
Philadelphia—Tenders—
bids
the
I or
prices not
to
sale
it
to
Broad
So.
135
trustee,
Co-:,
of
and
par
157,
interest.—V.
accrued
dated
$16,761.01,t
amount sufficient to exhaust the sum of
exceed
St.,
1944,
Noon • on March 20,
secured sinking fund bonds
o'clock
12
until
will
1936, to an
1,
Decrease,
$1,995,189
1,461,290
901.
p.
on
C6.\
plane miles in January had increased 46% over January
1943, with passengers carried advancing 83%, mail 53'% and express
97%,
it
reported by Vice-President J. J. O'Donovan.
20,000 passengers were earned in January of
was
than
More
V
against
11,000
last
pared with 173,286 in January,
against
Purity Bakeries Corp.
287,804
last
according
year,
O'Donovan.—V.
Mr.
to
'
Sales
inquiries, a spokesman for Halsey, Stuart & Co., Inc.,
stated March r th«t his firm has nothing whatever to do directly
or indirectly
with the recent suit brought by Otis & Co. against Penn¬
crease
Associated
Electric
sisting
open
of
stock
common
%
asked
has
Co.
the
the
SEC
interest
entire
to
permission
for
and President, said after the annual meeting of stock¬
%%% 'j?K:V'.-.-.
'
'" 1
'
Concerning the recently expired offer of this corporation to, pur¬
chase outstanding shares of Cushman Sons, Inc.,
$8 cumulative preboard
'the P., O. & D. RR. and 16 officers and
,
$T4t) a 'share,"MrrCtrslrnT&n said ttll="fcut"*S:700'-shares-"
of the stock had been bought by Purity
Bakeries, resulting in the
ownership of 95% of the 36,419 $8 preferred shares.—V. 159, p. 585. ■ *
feri'ed'^tbcK lit
158,
Penelec
in
from
acquire
Water
Co.,
con¬
account indebtedness oi $355,000 and five shaies of
$100) for 17/.82 shares of Pennsylvania Electric's
"Deficit.—V.
'-fr1
i
(The) Pfaudler Co., Rochester, N. Y.—-Extra
Pennsylvania RR.—Annual Report—
A summary of the 97th annual report, mailed to stockholders at the
y
end
of
February, shows that operating revenues
increased
$141,298 532
vev
'
1942, operating expenses increased $109,369,984, taxes increased
t55.826,689, or 44.8% over the previous year.
Net income was $85,< 18.484, a decrease of $16,050,309.
,M. W. Clement, President, in his remarks to stockholders, r.tates:/;
i
7
ie
i
rt.
continued
war
While
dominate
to
performance
the
increasing
ever
ef-
transportation
highly satisfactory from
was
the standpoint
of meeting every demand of the war emergency,
it ccuki not of neces¬
sity be wholly adequate from the standpoint of the character cf the
service performed, particularly the passenger service.
Nevertheless
c msidering the abnormal conditions that prevailed throughout the year,
;
results
ihe
was
as
whole
a
being operated to
'"141.2.98,532 due
:uel
and
C89.
a
creditable achievement.
in
than
ever
There
railroad
result d
wages,
$109,369,984.
revenues
At
the
in
an
time,
so---
increase
increased
in
operating extaxes increased by $55,826,-
44.8%, over the previous
r.
• .
•
Despite the fact that the companv in 1943 did the largest business
n its history, its net income was less than in
1942 by some $16 050,309
or
,
because
of
the
tioned
above.
ate
paid
as
mis rate
substantial
It
in
were
in
increases
wise
seemed
to
1942.
operating costs and taxes men¬
the. dividend at the same
nri-tnin
namely, 5%
or $2.50
accordingly paid in 194%
.
share.
per
Dividends
at
year
The
was
to
ployees,
to
1942.
ability
due
to
splendid
of
,
railroads to handle
the
further
improvements in
cooperation
between
the Army and Navy,
the continued
fa
the
railroads
159,
to
the
future
with
record
the
agencies
the
volu,v,e
of
shippers
of
and
Government
conviction
that
transportation
lation.
excessive
burden
i
them
c-.rial in any.
T'-'
S—The
•
<
crdr v
can
supplant
subsidization
as
to
the
railroads
they
will
unless unintelligent
regu¬
sound economic order.
a heavily taxed industry, are accus;o bearing their full share of the cost of
government, and well
that any excessive profits derived from the war effort should
"
■
'
'
■
'
"
of
creation
and
design
the
Through
an
electronic "master mind"
with
type
of
President, in
a
letter to
the
as
to
necessary
laborious
"It
was
very
frequency
Corps
Signal
do
of
work
the
precise measuring instruments,
meter, it has heretofore always
of highly
manufacture
calibrating
savings
effected
if
tronically.
intensive
of
by
hand—a
sale
painstaking,
research and
the
task
could
readings
times
many
*he
recognition
just
storage
Battery
Division
electronic instrument
calculate and record
human being—all without
its war production record,
at Trenton,. N. J., has
of Philco Corp.,
received
outstanding
the
war
production record, and the company's
its history.—V; 159, p.- 974.
operations are
highest level in
Philip Morris & Co.,
is
credit for
p.
taxes already accrued on
■
the
excess
profits of any other industry;
Phillips-Jones
Years Ended Nov.
'
Net
operating
tAfter
profit___^.—
,
.-1943
t$323,721
'
the
5 cents;
1538. . ' v
Freight Lines, Inc.—Control Sold—
Rupe
the
by
to
is
B.
also
President
of
Brayton
Reed Roller Bit Co.—25-Cent
A
of
dividend
value
cents
25
per
Flying
Service,
Inc.,
St.
Payments last year
were
as
Distribution—
'
^
y
been declared on the no par
to holders of record March 20.
share, has
stock, payable Marph 31
common
follows^ March 31 and June 30, 30 cents
cents.—V. 158, p. 2474.
each; Sept. 30, 40 cents; and Dec. 27, 30
Net
1943
tBalance
profit
for
common
$Earnings per common
taxes and
a
Charles G, Munn,
.
$$420,974
"due
to
the
percentage
share
taxes.
$2,696,07.2
359,605
109,966
$0.30
stock__
charges except
all
,
240,414
86,371
__________
1942
$2,016,527
sales
*Operating
profits
1°42
for Federal and State income.end excess profits
current renegotiation,. $After: renegotiation amounting
provision
taxes and after
,
per
of. record
& Son, investment bankers, Dallas, Tex., handled
the stock of Red Arrow Freight Lines, Inc., Houston, Tex.,
"After
Corp. (& Subs.)—Earnings—-
30—
declared an extra dividend of 2'% cents
quarterly dividend of 2Vss cents per share on
Quarter Ended Dec. 31—
1942 earnings on Government
before taxes. The company's
the $310,000 was $279,000.—V. 158,
2474.
of
;
^
Common Dividend—*
Reynolds Spring Co.—Earnings—
Ltd., Inc.—Renegotiation-
reported that renegotiation of
contracts caused a decline of $310,000
it.
if any, will
Louis, and Brayton Flying Service, a Texas corporation training U. S.
Army cadets, at Cuero.
,v
The motor freight system acquired serves 480 Texas cities and towns
and covers mere than 3.000 miles of Texas highway daily from the
northern border to the Rio Grande Valley and from East Texas to
San Antor.io on the west.—V. 150, p. 443.
"E" Award-
of continued excellence in
$1,298,265;
- $1140
Government
par
Mr.- Brayton
be done elec¬
danger of error.
in
$1,150,317
$1.24
Clyde E. Brayton, Cuero.
Mr. Bray ton succeeds Mr. (
Brown as President, and D. Gordon Rupe. Jr. becomes Chairman of the
board.
R, F. Sanford remains as Vice-President and General Manager.
>
development work followed, and
faster than any
the usual
stock,
Brown
L.
finally resulted in the perfection of a special
employing 1?6 tubes which can 'think,' calibrate,
dial
64,325
940,113
490,500
have
directors
and
Dallas
been
subject to human error." Mr. Ballantyne explained.
therefore decided that manv advantages would be gained and
substantial
1,433.000
share———
Red Arrow
such
process
"Months
—__
_______
$1, both payable March 15 to holders
March
6.
Payments last year were as follows: March 15,
and June 15, Sept. 15 and Dec. 15, 2Vs cents each.—V. 158, p.
stockholders.
the
pfofils tax.
per
common
$1,170,000 in 1943, it was
12 by John Ballantyne,
March
on
the Government by
to
equipment
announced
804.282
726,050
profit
The
share
Corp.
$3,597,485,
87,500
provision has been made for renegotiation of
contracts but it is believed that amounts to be refunded,
not be material.—V. 158, p. 2474. 1
j
^
%
126 vacuum tubes to calibrate Signal Corps radio apparatus,
engineers saved 144,000 manhours of labor last year and,
other economies, made it possible to reduce the cost of this one
Philco
j
—
•;
Rand's, Pitsburgh—Extra
employing
-
$3,378,696
218,789
$4,243,487
Note__.No
Philadelphia—Develops Electronic "Mas¬
*
p
846,619
excess
Net
■»
—
income
Earnings
of
competitors or inequitable taxes shall
deprive them of equality of opportunity an
as are
—
Federal
,
y
207,321
income
tax—-income
tax___--__.
ter Mind"—
and
_railroads, always
be.ect to taxation
'
,
,
!
at
keep in the forefront of industrial progress, and will meet successfully
the competition to be expected.
They are convinced th3t no other form
of
974.
p.
Philco Corp.,
helpful attitude of the Olfice of Defense Transporta¬
look
Total
its fourth Army-Navy "E" Award, it was-announced on
March 6 by M. W. Heinritz, Vice-President in charge of the division.
traffic**
To
date Philco
Corp. has received thirteen
"E" awards for its
<vr.irts and operating methods;
railr~ads.
other
and
fNs
V.
<i--
________
income
Depreciation
Philadelphia Electric Co.-—Weekly Output—
The electric output for this company and its subsidiaries for
the
week ended March 4, 1944. amounted to 133,193,000 kwh.'. an increase
of 12 518,000 kwh., or 10.4% over the corresponding period, in 1943 —
tion.
The
Other
t
$4,036,166
profit
Gross
an
State
Additional Army-Navy
The National Emergency—In 1943, t>m -Mlr-ads performed a service
unequalled in the history of transportation
They were called upon to
handle a volume of freight and passenger traffic exceeding that of the
record
declared
29
2258).—V. 159, p. 879.
p.
"In
traffic, both passenger and
fact, together with higher costs of material and
in
tion
before.
operating
rates,
the
the greater -alum* oi
very
increases
of
censes
decreases
to
freight, but this
as
the volume of business handled
greater capacity
a
Notwithstanding
be viewed
can
heavy increase in
a
par
Feb.
adjustment.—V, 158, p. 2365.
common stock subject to
•
,
per
on
-
1943
1942
$28,983,188 $28,123,744
21,817,485 21,310,255
admin. & general expenses_„__„_——
3,129,537
3,434.793
Dividend
extra dividend of five cents
share and a dividend of 20 cents per share on the common stock,
$20, payable April 1 to holders of record March 20.
A distribu¬
of 25 cents per, share was made on Jan. 3, last
(see V. 158,
directors
:
inter-company sales)_
of depreciation)
(excl.
sales
of
of
texck
sales
Cost
^
'
Calendar Years—
Net
159, p. 642.
J
(& Subs.)—Earnings
Quaker Slate Oil Refining Corp.
Federal
(par
y
in¬
las£ year, Lewis A. Cushman; Chairman
the similar period
over
the
of
Pennsylvania-Reading Seashore Lines—EarningsJanuary—
1944 \
1943
1942
1941
Gross from railway
$660,312
$668,244
$543,163
$389,305
Net from railway
*52,408
- *3,334
*13,850
*79.017Net yy. oper. income—
*240,072
*150,413
188,238 ; *210,500
The
company
Preferred Stock-—•
1944 have shown a substantial
months of
"
Water Co.—
The
two
holders.
directors.—V.( 159^_p. ,974.
Penelec
Acquire
Co.—Would
first
the
in
Selling,
Electric
Pennsylvania
Sales Higher in First Two
—
Months—Owns 95% of Cushman $8
2257.
p.
.
this year,
poundage totaled 341,332 as com¬
1943, while mail totaled 441,900 pounds
Express
year.
cents per share has
of 25
25 cents.—V. 158, p. 2259.
July 30,
Revenue
of
Dividend—
been declared on the common
stock, payable April 1 to holders of record March 18.
Only one pay--".,
ment was made in 1943—50 cents per share on July 15.
Payments^!
in 1942 were as follows:
Jan. 28 and April 30, 50 cents each; and
to
sylvania RR., its subsidiary,
Pennsylvania-Central Airlines Corp^Traffic Figures
Paget Sound Pulp & Timber Co.^—25-Cent
A dividend
Inc.
answer
L. Norton, Chair¬
to an Associated
dispatch.—'V, 159; p. 975.
Press
Bond Issue—
*
Co.—Wage Increase—
increases of $15 a month and adjustment of working condi¬
approximately 2,000 commercial and sales department em¬
for
ployees of' this company were announced by Thomas
man
of the Regional War Labor Board, according
$7.70
leased lines retired;
Investment banking firm, filed a Federal Court
suit
against Pennsylvania RR., its wholly owned subsidiary, Penn¬
sylvania. Ohio & Detroit RR., and 16 officers and directors of the
two companies for $1,000,000 allegedly lost when they sold $28,400,000
P., O. '& D. bonds last summer to Kuhn, Loeb & Co. at 100. On behalf
of itself and other Pennsylvania stockholders, Otis & Co. charged that
the defendants violated their duty to stockholders in refusing to accept
an offer of.,102 for the bonds made by Otis & Co. and Halsey, Stuart
In
that the company in
53 cents a share, as
to
Public Service Electric & Gas
Otis & Co., Cleveland
&
meeting, of
equal
Wage
tions
$6.49
share on net income above-.-.-.——not include $28,425,431 of matured debt of
per.
Sued
Off 6.07%—
1944
1943
$30,895,924 $32,891,113
61,156,360
62,617,650
___
Penh Mercantile Properties,
The
.
tEarn.
"Does
Period—
Month
*
780,061
3,053,792
1,408,947
annual
reported
the
$572,534,
-.170,049,929 186,375,225
1
j.
Gamble Co.—Renegotiation—
Providence: Gas Co.—Earnings Decline—
41,096,881
42,503,518
_
.*"j
credit of $102,179.—V,
At
135,856,953 159,755,094
8,310,542 14,476,750
" ■
' ^
127,546,411 145,278,344
—
J 'r-v
___
.
_—
—
+
__
Philadelphia
company
tax
a
85,418,484 101,468,793
Appropriations to sinking and other funds, etc .:
1,924,119
1,587,314
Retirement of matured debt—Penna, RR______ *17,311,000 *30,380,000
Dividend of 5%> ($2.50 per share)
.'
32,919,385 32,919,385
Transferred to credit of profit and loss__
33,263,980 35,451,177
Shares of capital stock (par $50)
;
.13,167,754 13,167,754
159, p. 740.
(I. C.) Penney Co.—February Sales
,
$842,293
_
income
—V.
,v-
$5,305,032'
$825,952
revenues
expenses
Net
$5,854,777
3,411,696
1,617,129
776,936
Operating
'
reports that the Government has recovered $290,(JOQ
renegotiation of contracts for the year ended June 30, 1942, less
159, p. 974.
The
under
tNet income
Operating
$5 preferred,
.CIgaMYhelan
452,
p.
President,
1943
$5,861,674
.
_
.
*
316,262,444 284,333,896
180,405,491 124,578,802
--
operating income,
Hire of equipment and joint facility rents
Net
Month of January—
i*
at
holders and
companies
; Procter &
979,773,155 838,474,623
663,510,711 554,140,726
Non-operating income
Ohio Bell Telephone Co.—Earnings-
$
"
tI
.
revenue—-
--1942:;%%:
1943
.
'
'
Railway
740.
p.
'
Taxes
^
—V.
/
\
Operating revenues
Operating expenses
$26,465
15,291
income.™—_—
operating
income
Net
s
$94,334
111
1
taxes
Operating
L.;
"
1943
$101,946
124
——
Operating expenses
V.
Operating Results for Calendar Years
____
revenues
;
have agreed to join in representing
creditors of the company, its subsidiaries and
in negotiatiens between security holders and
Philadelphia Co., according to an announcement by Roy T. Bostwick of
counsel for a group of security holders including leading banks and
financial
institutions in Pittsburgh,
Philadelphia and New York.—
affiliated
of
Co.
&
security
*;"■%%
of $124,-
the close of the
was owned by .209,618 stockholders, an increase of 3,653 compared
Dec. 31, 1942, with an average holding of 62.8 shares.
with
1944
%|
Pittsburgh Railways Co.—Negotiations—
Drexel
capital stock of the company at
Stockholders—The
year
Co.—Earnings—
afc
common,
of the public.
000,000 in the debt of the system in the hands
holders of record
Month of January-—••
carried
f--|
:-
shares of South Shore Oih valued
139,560
were
23,319 shares of United Cigar-Whelan Stores
$1,824,711. and 1,366,209 shares of United
valued at $1,878,537.—V. 159, p. 974.
$506,231;
the
J
i
,
holdings
Other
Pennsylvania Railroad System-has retired or pur¬
the hands of the public amounting to
$45,354,220, which, after allowing for the issuance of $12,240,000 equip¬
ment trust obligations, makes a net reduction in debt cf system com¬
corporation's proposal to pay out of surplus a 50-ccnt common
dividend has been approved by the Securities and Exchange Commis¬
sion.
The dividend, which would aggregate 81,701,847 and come out of
Ohio Associated Telephone
resulting greater employment in
<•
+|
Funded Debt—The
-
is payable March 15 to
p.
%:■
books at $'22,200,000.
Phoenix
chased during the year debt in
The
surplus as of Dec. 31, 1943,
March 8.—V. 159, p. 452.
large
t6 revamp their properties.
post-war rehabilitation, with
for
sha re on the common stock, par $1, payable
20 to holders of
record March 15 and June 15, respectively.
amounts were disbursed in each quarter during 1943.V. 158, p.
Ogden
when the railroads had to borrow
of mcney and go into debt
Today, while the railroads are doing the largest business in their
history, it would be advantageous not only to them, but also to the
public at large and to railroad employees as a whole, if the tax laws
were amended so as to permit the creation now of the reserves needed
Two Dividends—
Nu-Enamel Corp.—Declares
The
per
policy not only Justifies but should require the accumu¬
railroads of large post-war reserves to meet post-war
the close of the last war,
at
sums
voted to submit a plan
persons to be nominated by the management
of directors at .the annhal meeting, including
changes in transportation practices and methods, but the tax policy of
the Government is heading them along the same unfortunate path as
Northern States Power
,
the
by
<"
.
Planned—
corporation to the stockholders at their
He said:
"This action also has the
conditions and the pressure of wartime traffic.
Sound public
lation
.
President, on March 6 announced that the direc¬
for liquidation and dissolution of this
Walter S. Mack Jr.,
tors had
their investment, but to
prevent them from laying aside out of current earnings the reserves
needed for future expenditures which are being made inevitable by war¬
time
>'■
Phoenix Securities Corp.—Dissolution
only to deprive them of a reasonable return on
-
;
112.
been,
Maryland—Debentures Called
Niagara, Share Corp. of
The
20-year
$35,164 and after
p.
like other industries, in a position to carry adequate charges
for
depreciation
and obsolescence-amortization, and income which
should properly be charged off for these purposes is subject to the
excess profits tax.
Thus, the railroads find a large part of what is, in
fact, no more than a reasonable return on their investment treated as
excess profits and subjected
to an enormous excess "profits tax. where
in fact no excess profits exist.- *
The effect on the railroads of the so-called excess profits tax is not
25 to stock¬
cents each; and
%%%•'
and Sept. 25, 65
June 26
cents;
50
27,
year-end of 85 cents.—V. 159, p.
a
to
the plain
of 65 cents per
dividend
interim
an
of this year, payable March
15.
Distributions during 1943
quarter
record
Murch
lows:
Dec.
first
the
declared
have
directors
for
share
■
1942.—V. 159,
taxes for the year ended Nov. 30,
should not ignore
facts respecting the railroad Industry, its position and needs.
During the last several decades, the processes of regulation have
made it necessary for most of the financing by the railroads to be done
with borrowed money for which they are not given adequate credit
in calculating return on
investment.
Again, the railroads have not
determination of what profits are excessive
the
but
Mining Co.—Div.—
Honduras Rosario
&
Monday, March 13, 1944
FINANCIAL CHRONICLE
THE COMMERCIAL &
$0.38
'
% After Federal income and excess
postrwar refund,
ton 290,000 shares.
President, in a report to shareholders, stated that
to production under war contracts, a, large
change-over
of
the
machinery and equipment .in the Spring Division,
on page 1080)
(Continued
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4263
159
Stock and Bond Sales
DAILY
NOTICE—Cash and deferred delivery
WEEKLY
1045
YEARLY
-
unless they are the only transactions of the day. No account Is taken of such sales
sale* are disregarded In the day's range,
"
Mew York Stock Exchange
«»
-
:7
in computing the range for the year.
United Slates Government Securities on the New York Stock Exchange
Below
we
furnish
the current week.
Mar. 4,
Daily Record of U. S. Bond Prices
Treasury
4%s, 1947-52
[High
{ Low
—
(.Close
1944-54-r——————1 Low
{Close
Total sales in
—
3%s, 1946-49
—
100.11
'
—
—
—
in
■
—
—
—
1
—
—
<
—
—.
/
—
2%s
1
1
1
1
1
1
I'M
1
1
1
1
'ffir
1
—
—
—
1
1
t
—
;
—
1
II
-
1
—
Low
(High
Low
100.6
100.4
100.6
100.4
100.6
100.4
sales
in
$1,000 units
2
■V;l.
[High
—
28,
1947.
■)
-
Low
[Close
—
/
Total sales In $1,000 units—
•—
—
(High
( Low
■
'
—
0£\
|
1956-59
Total
.—
—
<'1^
[Close
,
—
—
—
——
—
—
■■$}•?■*}
wrmmt
:
•
Total sales In $1,000 units
—
—
„
rf: %<
—
[High
j
—
—
%
[Close
—
—
:;;v—
-
-
Low
2%S, 1954-50
—
—-
'•.>
1
—
—
—
—
5
[Close
—
—
2s, March 1948-50-.
—
j Close
—
—
—
—
Total sales In $1,000 units—
—
—
—
—
[Close %
[ Low
[Close
—
.
.
—
—
[High
2s, Dec. 1948-50
—
—
—
—
Total sales in $1,000 units—
—
(High
___
2s, June, 1949-51^
\ LOW
[Close
■{ Low
[Close
—
$1,000 units—
—
——
—
—
Total sales in
—
(High
$1,000 units
[High
—
Low
—
—
2s,
——
-
Sept.,
1949-1951
{ Low
I Close
(Close
Total sales in $1,000 units
Total sales In $1,000 units
[High
—( Low
—
(Close—-
—
100.5
Total sales in $1,000 units
i
(High
2%S, 1956-59
100.5
10
-
Low
2y4S, 1952-55—
—
—
100.15
"'.y
—
(High
—{ Low
2%s, 1951-54——
5
100.15
.
-—
—
-
—
Total sales In $1,000 units
Total sales in
7
Low
"High
—
units—
2%s, 1948-51
100.5
■'> I
:'v
$1,000 units
(Close
I
100.5
100.5
Total sales In $1,000 units.
—
s
'
—
[High
~{ Low
y
100.5
100.5
Close
—-
——
[Close
units—.——
2% S, 1945-47————
100.5
—
—
(High
j Low
-
100.7
100.4
100.4
2%s, 1951-53
—
—
—
..
—
Total 6ales In $1,060 units—i-—
Total sales In $1,000
100.4
100.5
100.5
High
,,
[High
2%s, 1955-60
sales
Total sales in $1,000 units
:
—
————{ Low
(Close
Total sales in $1,000
100.2
100.5
Close
7
—
---
--
—
;
100.11
4
—
—
units--————
3s, 1951-55-,
Mar, 10
Low
2%S, 1967-72————
JOg-}}
—-
[Close
38, 1946-48-
—
■
—
—
(High
Total sales In $1,000
Mar. 9
[Close
1965-70———
Total
—
—
1 Low
1
Mar. 8
$1,000 units
■:
;
[Close
'3%S, 1949-52-————
Mar. 7
100.2
'
Total sales in $1,000 units———
V
-v-.
—
—
—
■
[High
] Low
—
the New York
on
100.2
(High
2%s
—
—
___
—/
units—.—-
—
bonds
100.15
1[Close
Total sales In $1,000
—
—
in
Mar. 0
Low
Close
Total sales
7-7
.
Mar. 4
(High
—
—
—
.
—
—j Low
—
Treasury
2%s, Dec., 1964-1969.
,
—
—
—
—
.
[High
3%S, 1944-46
—
—-
:
Daily Record of U. S. Bond Prices
Mar. 10
Mar. 9
—
—
[Close
$1,000 units———
-
Mar. 8
—
111.14
1
1 Low
Total sales in
7■.
.
....
$1,000 units------High
3%a, 1946-56
Mar. 7
HHf
1U.14
—
coupon
Figures after decimal point represent one or more 32d of a point. (See note below).
Mar. 6
—
—
—.
Total sales In $1,000 units
48,
Treasury, Home Owners' Loan and Federal Farm Mortgage Corporation
daily record of the transactions in
a
Stock Exchange during
Total sales in $1,000 units
[High
___
2s, Dec., 1949-1951.
—
—-
—
.——{ Low
I Close
—
—
Total sales in $1,000 units
—
—
'
■
/
v-;
(High
.———J Low
[Close
2%s, 1958-63
—
Total sales In $1,000 units-i—
—
—
—
...
(High
.
—
—
—^
—'
—
—
—
2s,
—.
—
—
—
March,
—
—
Total sales in $1,000 units—------
—
•!
•
2s,
—
Sept.,
(Close
(High
[Close
-
—
Total sales in ,$1,000
2S, 1951-1953
:
—
,
( High
,
—4 Low
1948-
[Close
Total sales in $LOQ0 units-—-—
f High
2%S, 1949-53™——————{ Low
[Close
—«
—
—
^—
—
■
:
—
2s
,
%...
—
■
—
—
...
—
—
—
Total sales In $1,000 units——
—
—
1953-55—
i—
.
—
—-
(High
j Low
—
l%s
1948
—
[Close
—
—
(Close
Total sales in $1,000 units.
Federal Farm
-lJj0W—
2%s, 1952-54
(High
—
[Close
Total sales in $1,000 units
,
V
2%S, 1962-67—
,
v
f
{ Low
(Close
—
100.2
[High
Close
—
100.14
—
100.14
Total sales in $1,000 units—
Home Owners
100.14
3
—
___
.ii'
.
[Close
Total sales In $1,000 units—
[High
2
(High
\ Low
(Closs
—
100.2
—
100
100
—
100
1%S, 1945-1947
100
Total sales in $1,000 units.
Total sales in
100
-
2
6
•Odd
NEW YORK STOCK
LOW AND HIGH
Monday
Tuesday
Mar. G
Mar. 4
'
Mar. 7
SALE
Mar. 8
$ per share
54%
54%
54%
54
54%
54%
55%
55%
56%
56%
56%
112%
*111%
112%
*111%
112%
52%
*50%
52%
*50%
52%:
56%
56%
*56
58 Va
300
U7/a
6,800
112%
*110%
112%
>110%
112%
>111%
*50%
52%
*50%
52%
*50%
52%
*50%
*55%
57 %
*55%
57
56%
56%
57
57
11%
11%
11%
11%
11%
*28%
28%
*28%
11%
28%
28%
28%
28%
20%
20%
20%
*28%
*20
20%
20%
20%
n%:
11 %
•*28%
20%
11%
*40%
41
40%
40%
*84
88
85
85
5%
5%
139%
*137
Sales
5%
5%
57/a
*137%
138
138
40%
*81
2%
.2%
2%
2%
25
25%
25%
26%
26
41
41%
26 %
40%
42%
42%
26%
26%
78%
26%
2 Va
26%
*78%
80
"
*9%
10
*146%:
147%
*13%
14%
30%
For
30%
footnotes
78%
*9%
147
*13%
30%
see
10
147%
14%
30%
page
1055.
80
41%
87
6
139%
6
6
*137%
139%
21
41%
*82
6
*137%
21%
41%
86
6%
139
11%
*28%
22%
41%
*82
6
137
29
...
6,500
100
6%
138
4,000
70
2%
2%
2%
13,100
27%
27%
28%
41,400
45%
10,500
80
10
148
*78%
80
10
10%
147% 148%
14%
*13%
30%
30%
15
31%
48%
48
48%
X27
27%
27
27
5,400
*78%
80
*78%
80
70
*10%
Xl46%
10%
*10%
147
14%
14%
31%
31%
146
*13%
31
100
109% Jan
17
111
Jan
5
47
Jan
24
51% Feb
53
Jan
3
10% Jan
27
.No
par
No
Par
Gold
Min_.
5% Feb
Jan
29
3
6
3
Jan
4
Alleg & West Ry 6% gtd—
70
10%
1,300
Allied
14%
100
100
Allen Industries Inc__
2,000
5,700
Allied Mills Co Inc
Jan
Feb
14%
Jan
13
Apr
32% July
21% Mar
38%
Jan
48%
67
Jan
76 Va
Sep
Jan
7%
Apr
Jan
128 Va
Dec
42% Mar 10
Dye
37
24%
Jan
Jan
3
21
Jan
2% Jan
6
48% Mar 10
80
Mar
A Jan
11
28% Mar 10
27% Jan
85
12
7
Jun
3 % July
Jan
32%
13
Jan
45%
18 %
Jan
31% July
64
Jan
75
5%
11%
Sep
Sep
May
25
7
7
Jan
140%
Jan
5
10%
Jan
14% May
25
32% Jan
7
16% Jan
37% Nov
26
30
Mar
3%
Jan
3
142% Jan
No par
138
15
16% Feb
9% Jan
par
5
13% Mar
6% Jan
6
1
1
No
Mar
Sep
7%
25%
3
85
Sep
July
8
6
2% Jan
146%
31
11% Mar
13
23 % Jan
Allied Kid Co__
57%
Jan
1
&
52
Jan
75
5%% pf A with $30 war
100
$2.50 prior conv preferred-No par
Alghny Lud Stl Corp
No par
Chemical
Jan
19 % Jan
124
115%
35%
39% Jan
100
63% Mar
41%
par
10
Albany & Susquehanna RR
Allegheny Corp
Nov
Highest
g per share
8
100
No
Vicksburg Ry
31
108
Jan
15
29% Jan
5
22% Mar 10
26% Jan
51%
Mar
57
10
Reduction Inc
Juneau
11
Jan
—
Air
Alaska
I per share
I per share
61
,_No par
25
Co
Adams Express
Adams-Millis Corp___
Alabama &
f per share
21
Address-Mutlgr Corp
50
Lowest
52% Feb
preferred
Acme Steel
Year 1943
-
Highest
.No par
5.000
2%
46
Abbott Laboratories
2,100
26%
27%
Range since January 1
Lowest
42%
2%
27
Range for Previous
STOCK
22%
84
27%
45%
registered bond.
Par
4%
2%
44%
of
EXCHANGE
Abraham & Straus
26%
■■27
^Transaction
Shares
2%
10
30
41%
86
11%
29
f per share
26%
148
*13%
41%
*83
sales.
NEW YORK
the Week
4 per share
*110%
'
for
Friday
Mar. 10
Mar. 9
f per share
54%
$1,000 units
STOCKS
Thursday
K
share
share
lot
Low
Close.
-
RECORD
PRICES
Wednesday
$ per
f per
High
Low
3s, series A, 1944-1952-—
100.2
Total sales in $1,000 units
Saturday
Loan
100.2
Close
1963-1968.
—
—
—
Low
—
Low
—
—
'High
2%s, June, 1964-1969.
...
—
—
■
-
■
—•—
{
(Close
—
-
—
[High
Low
—
—
—
—
Total sales In $1,000 units-i
2%s,
—
—
—
[High
■
'
Mortgage
3%S, 1944-1964—
—.
—
(Low
2%S, 1956-58
III
—
—
%;■
I—
—
[Close
Total sales in $1,000 units
Low
[Close
(High
——{Low
[Close
^
—
—
(
—
Total sales in $1,000 units-,
—
„_
—
1951-55—.
■
—
—
Total sales in $1,000 units—-----
2a,
-
■
—
.
—-
[High
—(Low
ft""'"-
(High
—
Total sales in $1,000 units-—
2%S, 1950-52
100.14
100.14
Total sales 4n $1,000 -unita——-
,
—.
100.14
100.17
100.17
[Close
.
'
100.17
[High
—{ Low J
—.
units—
*
in $1,000 units
—
(Close
2%8,
Total sales
-———{Low
1945—
2%S,
Low
[Close
$1,000 units—
;
(High
1950-1952
\ Low
i;v
Total sales In
—
—.
1950-1952
i
—
j Low
2%s, 1960-65
[High
,
-—
10% Jan
150
165
Jun
July
Monday,. March 13, 1944
CHRONICLE
COMMERCIAL & FINANCIAL
THE
RECORD
NEW YORK STOCK
Range for Previous
STOCKS
*98
99
"98
16
16
16
99
99
99
36%
36%
36%
18%
♦18%
18%
*18%
37%
37%
19%
18%
3
3
3
*34
83
83
83%
84
84
84
84
84 %
84%
1,000
30%
30%
30%
30%
*30%
30%
,,1.200
65%
65'%
66
*65'A
66%
2.600
American
Airlines
65%
17%
17%
17%
18
5,800
American
63%
30%
30%
64
64
65
65
16%
17
17%
17%
17%
Xl7%
17
63%
63%
63%
64
*62 %
'
>'•
v
•>
",V
is
64
*62%
:
12%
13%
12%
13
13
12%:
13%
12%
41%:
41%
41%
42%
41%
41%
41%
42%
41%
130 Va
129%
129%
129%
*129% 130%
*129%
9
*8% V
83
35%
35%
33%
*73%
73%
73%
74
*23%
23%
23%
23%
35
,
104 %
*104
-
20%
76%
,
3%
20%
20%
20%
20%
21%
20%
20%
*3%
4
3% ?
67
67
40%
67
40%
'
*5%
5%
5%
63%
*62%
63%
8 Va
8%-
8
.7%
8
16 Va
16%
89%
90
14%
89
90
89%
14%
14%
14%
14% ■14%
10%
*10%
10%
.
*116
118
*116
118
34
34
34
34
*116%
34
2%
46%
42%
42%
42%
-34
:
48 3 a
49%
45%
45
I 44%
44%
13%
13%
13%
67%
67%
68
67%
68
14%
*14%
15
*14%
15
*14
14 '4
14Va
*29
29%
38%
29
29
37%
38%
14%
14
14
*28%
28%
29
29
37%
37%
37%
37%
152 %
152 Va
14
14
V
*151%
153
*41%
43
*148
18%
*18
*18%
*31%
117%
27
158%
5.9
59
58%
59% ::
59%
-
%%
7%
8
*85'A
87
87
77%
4%
4%
47
26%
26%
X26
26 Va
25 Va
21%
*10%
10%
*10%
*2%
2%
*451%
:
5%
*80%
37
*9%
81%
81%
*36%
10
*9'/a
■
V *9'/a
*107
110
1.200
60 %
61 Va
<■
6,400
•
-,242%. 142—..
5%
5%
10%
10%
i
5.100
45'A
•45Va
1
5.000
4%
47
26%
26%
26
26%:
21%
21%
21
115
2%
2%
47
*46%
5%
5%
99
99
99.
81%
83
83
37%
81%
38%
38%
*9%
10
*9%
*
9%
99% >99%
x83 ;V 83%
39%
38%
38%
38%
*9%
10%
10
10
*106%
110
*106%
14%
14%
14 Va
14%
14%
14'A
95 Va
95%
95%
95%
95%
95%
95%
88%
89
89%
*88%
89%
89%
89%
170
*35%
36%
*35%
36 V2
36%
*106%
107%
63 Va
64 VA
89 %
89'A
?:■
37
«
*105%
107
105%
107
*105'a
105 Va
107
♦106
63
63%
63
64%
64
64%
63 %
64'A
89
89
89
89%
89%
89%
89%
89
89%
36
36%
36%
36%
36%
37%
36%
37'/a
26%
26%
*25%
*25%
26%
*60*4
61
61
26 Va
*25%
61
*60%
26%
%
29
29 %
29%
29%
108 Va
108
108
108
*12%
13
13
13
13
61
30%
27
27
27%
*55%
56
*55%
56
55%
57
56 Va
56%
57
117
*115%
57
*15%
16%
*15%
8
7%
7%
72
71
71
W;
15%
16%
8
*7%
;
71
111
62 Va
62 %
63
30 Va
30 %
30 %
31'A
55%
55'%
55 Va
*55%
*56%
57
56
*115%
117
V117
117
117
15%
8
*15%
7%
.
*70
71
4
4%
20
20%
20%
7%
7%
1.500
700
;
4
19%
19%
7'/a
7%
7%
12%
12%
12%
12%
12%
13
12%
13
*10'/a
10%
10%
10'4
10 %
10*4
10%
10 Va
56
1.030
56
550
117
16 Va
8
77a
,
.
6%
Atlas
5%
70
$5
14,200
Aviation Corp
12%
12%
10%
10%
10%
10%
1,000
5%
Conv
80-
preferred
64
64
63
64
64
64
24*4
24
24 V#
23%
24
1,800
Barber
23%
♦12%
12%
12%
1.000
*44%
45
12%
45 %
Barker Brothers.
12%
45
45 Va
240
16%
17
18 Va
18%
18
27%
*27
16%
18%
27%
27'4
32%
32%
*107%
108%
9%
*9%
34
*33%
118
*114
:
32
*107%
9%
*33%
*114
32%
108%
9'4
118
*114
118
13
12%
36%
35%
36
For
12%
12%
12%
45*4
45
17'4
17
l7Va
17%
7.400
Barnsdall
16%
18
18 Va
18
18 Vs
6,600
Bath
18%
27%
27%
28
*28
28%
1,200
Bayuk
32 7 a
*32
32 7 8
500
*31
*107%
1055.
*32%
108
108
9*4
9%
9*4
9%
35%
*33%
35 Va
*114
118
11
11
10%
13
13
12%
37%
37 Va
10%
32%
108
*33%
36%
10
footnotes see page
9%
34
13
10%
9
33
108
34
36
10%
*31
*107%
34
%
13 *
10%
27%
Asphalt Corp.,
45
17
'
27%
*27
16 %
*114
*
118
,
Jan
42%
Jan
3
Jan
7
146% Feb
15
8% Jan
46% Jan
61/4 Jan
3
67% Jan
3
Jan
3
9%
7% Feb
16
26
Jan
24
108
9%
*34
35
*114
30
Works Corp
Cigars Inc
Beatrice
Creamery
$4.25 preferred..—.
Beech
Aircraft
10
Beech
Creek lRR_.
118
Corp
Beech-Nut Packing Co
11
10%
10%
900
13%
13 Va
13*4
13%
3,400
37%
x36%
37 Va
37 Va
37%
12,300
6
16%
Jan
111%
Jan
8%
Dec
"14%
1%
Jan
3%
Apr
Feb
34
Jan
47%
Sep
7
3
Jan
8
46
Jan
2% Feb
47V4 Feb
3
; 89
Jan
3
119
3
4
4
13
Belding-Hemingway——
Bell Aircraft Corp^
;
-
Bendix
-100
—.50
—.—100
:
10
90% Feb
Aviation
66
23
Jan
90% July
33
24% Nov
<
May
Jan
5
19
Jan
36% Oct
8
63
Mar 10
44
Jan
68
31'% Mar 10
18
3
Jan
25
10
13 Vt Mar
8
111
v:v
Jan
Feb 24
58'/Wan 24
56
117'
9
Mar
6%
52
Jan
113
Jan
57
Sep
68% July
123
Jun
16
Dec
7%
Jan
2%
Jan
9% Aug
28 '/a
Jan
85% Aug
4
3% Nov
10%
8'/4 Feb
17
Jan
6
17
Feb
Jan
3%
21% Mar 10
14
9% Jan
:
1
24
5% Jan
Sep
% 13% May
21
4 V4 Feb
18% Feb
Jan
8% Feb
75 Va Jan
.
113%
Mar
50'/a Jan
Oct
28% May
18% Jan
106
16% Feb
3
Jan
Jan
6%
Apr
20% Dec
10
Apr
14%
Apr
'
;12% Apr
11
Jan
50
43
Jan
24
16% Jan 13
15'/4 Jan
3
25% Feb
15
Feb
24
5%
65
9 '/4 Jan
Jan
27
34%
Jan
63 %
26% Jan
24
12
Feb
28% July
13
Feb
24
45%
Mar
5% Jan
8
30
Jan
17% Jan
6
12%
Jan
18% Feb
25
13'/2
Jan
9
23 '/a
Jan
17
24%
Jan
28
Mar
31% Jan
7
34% Jan
106% Jan
12
108% Feb
28
105%
Dec
9
Mar
7
11% Jan
3
7%
Nov
31
Jan
11
34
Jan
25
25% Jan
15
93
24
11
10% Jan
3
Feb
117
11% Jan
11% Jan
4
15% Jan
114% Jan 21
33% Jan
Oct
67% July
Jan
Feb 28
No par
i—l
5
44%
x70'/4 Feb 29
60
39%
108% Nov
29
53% Jan
-7
94% July
59
38
24% Jan' 14
<
97% July
15
59% Jan
107% Feb
Jan
29
65
,"11% Jan
72%
100
25% Jan'/3
s
15% Jun
6
Feb 23
7
Oct
Jan
13
3
Jun
6%
26
Jan
Jun
110
Feb
8
106'/a Jan
52% Jan
Feb
4% Jan
92
25
4
20
No par
10
Jan
26
50
29
Jan
Jan
—
29
Feb
37
19
25
10%
10 Va
,6% Jan
Feb
89 Va Jan
12
5
40% Jun
97
23% Feb
—.1
No par
25
No par
—L—.1
84
Jan
3
103 % Jan
3% Jan
—100
Jan
14% Mar
16
1
par
49
30
109
Feb
82
Sep
Dec
7
3
Jari
85% Jan
6% Sep
75
17
9 Va Feb
3
Jan
90
Mar
/ Jan
10
17
8% Jan
12% Jan
29
Jan
116
39% Jan
9'/4 Feb
102
17
6 Va Jan
74% Jan
100
100
100
.—100
Co
Oil
Iron
3,900
13%
5
21 Va Mar
?
Mar
29% Apr
V 23% July
26% Jan
3
:
,
Apr
116% Feb 23
11
Mar 3
3
Jan
7% Apr
54% Mar
31%
24% Nov
Jan
8% July
79% July
Jan
24
May
88% Nov
'V
3% Nov
42%
11
26% Mar 3
47'/a Jan
Feb
Jan
55'/4 Jan
7
4% Mar
2'/a Jan
•'"42
Jan
3%
79% Feb 29
■
9
3% Jan
28
Sep
121'/4 Aug
53% Jan
88 Va Jan
7
24% Jan
12% July
49%
Jan
.8% Feb 25
22
10
6% Jan
85
63% July
65% July
146% July
6% Jan
32
24
115% Jan
3
84% Jan
No par
Jan
119'/a Feb 21
14
par
5
129%
11% Jan 19
23
par
Mar.
'
3
42% Feb
25
Jun
Aug
32% Aug
158% July
43% Jan
xll6% Jan
preferred—
5% %
•
*105%
10%
*
127%
57% Jan
(The).
preferred
—
Bangor & Aroostook
8
1
10
4%
Jan
3
15 Va Jan
4,700
Jan
21%
Feb
100
——No par
12%
115
91
8
64% Feb
4
12%
33
63
7
3
Baltimore & Ohio
64%
18
,-100
139
Baldwin Loco Works V t C
17% July
Jan
21
Mar
Jan
159 Va
Jan
17,500
Jan
17%
3
Jan.- B
44
Dec
12
•
'
156
No par
16
11% Mar
4
17
Jan
51,000
23%
18
45
Apr
151% Aug
29% May
33 Va Mar 10
56
7%
23%
16%
25
Jan
11
114
21%
64%
17%
Oct
19%
30
-No par
7*4
12%
141%
Feb
5
20%
*45
8
29
25
—50
47% Apr
Aug
Dec
161
16 % Jan
4
Apr
May
v
Feb
xl9% Jan
1
7%
32% Mar
36
3
100
of Del
18
Jan
118
No par
470
4V'a
151/4
Jan
Dec
35%
7
prior A
72%
Jan
8%
25
144%
26
——No
Nichols-.
69 % July
.12%
20
10"
Oct
173
16% July
8
27 V» Feb
.3
56% Jan
Oct
Jan
54
Jan
—100
preferred
conv
Austin
Feb
•J, 48%
10% Jan
16% Jan
No par
Atlas Tack Corp
100
1,800
64%
*16%
24% Jan
No par
'
154
Oct
4'% May
Jan
6
Feb
—
1®
20
Jan
No
Nov
36
150 '/4 Feb
15
*:
Apr
125%
Jan
43 Vt Jan
8
Mar
27 Va
Jan
39 Va Mar 10
14
20%
.
147
Jan
12
152 Va Mar
No par
23%
...
4
Jan
20 %
116%
Feb 16
27
Powder
64%
12%
40% Jan
Refining
23%
*44%
3
3
13
Corp
64%
12%
Jan
26 V*
36% Jan
Jun
1
9
Mar
30
147
Co-
23%
44%
15
14% Jan
111
—
*63
12%
v
Jun
10 Va
Feb
x26
8
.
68% Mar
7
Sep
15%
7%
Jan 17
14% Feb
21
13% Feb
82%
.12% Jan
Jan 13
Jan
3
Jan
166
^100
—25
25
preferred
*23
44%
13% Jan
.,
3
3
No par
7%
■
10
22
.100
non-cum
4
,
3
Jan
18.50
20%
.
7%
Jan
12% Jan
62% Jan
preferred———100
L——25
conv pref series A
100
Corp—
i
5
preferred
50
5%
"Atlantic
4.%
"
20%'
19%
7*4
9
163
25
W I SS Lines
71
:
4
Jun
Coast-Line RR
&
Atlas
*16
72
*70%
:
4%
11%
Nov
5
'
.500
15,500
G
580
.'■■/A
7%
*7%
7%
•71
Atl
5.700
117
I6V2
*16
16%
Oct
6% Jan
Corp—j
Atlantic
13.300
55%
56
45%
preferred—.
i
Atch Topeka & Santa Fe
5%
preferred——
*55%
56
57%
Jan
V 5%
13
13
13 Va
12%
16 Va
'35
111
110%
111
110%
109
13%
%
>
11,400
'■•
63
30%
12%
13 Va
4
3%
4 '>>
:■
*116
117
108 3 4
•
7
Assoc Investment Co"
350
28'/a
61
62
30 ■'/
108 Va
.
36%
37'A
36%
'
291/4
V
45% Mar
Feb
40
—
70
106 %
*34%
36 Va
*34%
Jan.
'737
100
62%
7 Vg
v
14
88%
36'%
18%
No par
5
No par
7% preferred
———100
Associated Dry Goods
1
6%
1st preferred
—100
v7% 2d preferred
__100
6,300
?
95 Va
36'%
7
7
No
Constable
Artloom
108
14 Va
%
2% Mar
49% Mar
Elec
&
preferred
Arnold
1,300
89
88%
19%
j
95%
13%
13
21
14
17% May
7% Nov
68
24% Jan
120 7
Oct
47
39'/a Jan
7
\ 35
100
Armstrong Cork
100
*88%
'Oft
2% Jan
:
9
Mar
10% Mar
18
21
Jan
.
14% Feb 23
.
15
Feb
20
32
of Illinois
$6 conv prior
4,000
V
9'A
9%
9%
62%
4
7</o
36%
*34%
*115%
2,500
:
Sep
Feb
44% Feb
—
Co
7'/a
No par
par
par
No par
Woolen
&
9 '/a May
Jan
II51/4 Feb
preferred
Armour
'400
88%
95%
88%
108
27,900
' "160"
Jan
5V4
—100
Daniels Midl'd
Archer
•'
I
39
10 Va
110
*107
110
*108
110
5%
Jan
4%
4
Copper Mining
W Paper Co Inc
V
47
5%
66%
37%
8
29
10
47
5%
Jun
8% Jan
$5 div preferred
P
May
14% Feb
Andes
A
5
—100
9% Jan
700
Jan
Apr
—No par
—No par
-No par
No par
,—20
5
1
May
91
Amer Zinc Lead & Smelt
60
100
70
4
7
•
Jan
80% Jan
6 '/a
46
6
2%
9%
11
Jan
82%
9'%
<65% Feb
Jan
5/
40%
53%
5
8
20
*2%
47
Jan
19
114
114%
Jari
2
68
Jan
Anchor Hock Glass Corp—12.50
21,200
Apr
4%
11
1.160
200
36%
Jan
/
8
preferred
Preferred
Jun
Feb
2%
21
6% Feb
2,300
X82%
9%
9Va
9%
'1
78%
35
3
8'% Mar
Jun
July.
Jan
21
Jan
:
May
26
30
Jan
% 43>
I'
2%
101
29
V
103a
*99%
Feb
9
87%
Jan
39
;
4% Jan
i
10%
'-■;■
36
3
26%
10%
5%
8
21%-!
*2%
,
4,700
:
Jan
7
8
26%
*21%
*114
!
Jan
78'/a Mar
$5 prior conv preferred
Anaconda Copper Mining
Anaconda Wire & Cable
*10%
10%
2,600
V
1%
46'/a
8
10
V
*46'/a
*10%
3,700
i
5% Jan 29
8
87 V* Mar
10
preferred
$6 1st
29% May
Mar 10
class B
American
Nov
Jan
—
Water Wks
Am
200 '
22'/<
■
/
47
:
26%
v,
%•;■;<
115
*114
4%
26'A
26%
26V«
21%
*114
7%
78%
4%
47
26
26%
'
'
7%
4%
47
*45 %
19,200
i
77 3'4
7%;..
;'
t
x
86
6
Feb
American Viscose Corp
5%
Jan
Apr
7
preferred
/Amer Type' foundries: Inc—
100
1:
7%
7%
77%.
77'A
..
118%
86 :'
88% i
7% v
4%
*117%
-
>> :>>
8
7%
7%
*45%
118%
*86%
77%
4%
99
10
.
10%
451/4
10
10
Seating Co
Common
Jan
46
Amer Telep & Teleg Co
American Tobacco
t.:
s
14%
13%
13%
*94
*105%
7%
81%
37 '4
,37
9%
*107
'
88%
76%
;■
7%:
4G
46
300
14.900
60 Vb
Jun
Jan
6%
61
—
159'%
Dec
1%
26
26
<
V
4%
7
Jan
.18
Am Sumatra Tobacco™
59 Va
•
,142,%"!
118%
.8
99
*97
99
9
45 Va
300
159%
V?
.
5%
5%
7'/a
2%
2%
2%
45%
118%
*86 Va
11
*10%
11
2%
46%
*96
*"118
114
114
115
*114
5.700
27%
/*27
;
i
10%
•
"
21%
■
118
54%
8
-
700
45%
10%
45 Va
26
21%
/A
i.
;
33'%
32%
*117
27%
v.:
19
1,000
<
■
47
25%
21'/a
114
114
1
A
117%
61 Va v.<
X142-
15'/a
8.100
27'A
19
•"
60%
26%
25%
21%
*21%
18% 1
33
26%
»
11
Dec
Jan
"
60
-V.
>
60'%
4%
26
26
*25%
-15%
59%
76%
*45%
*45%
43
150
15 Va
,26%
59%
'
47
*42
*147
42%.
.
60
260
Jun
42'%
V 7% Jan
No par
Amer Ship Building Co,——No par
Arner Smelting & Refg_
No par
Preferred
100
American Snuff
—25
7% non-cum preferred
100
Amer Steel Foundries
No par
American Stores
No par
American Stove CoNo par
American Sugar Refining—
100
Preferred
—100»
9.400
•
,
Feb
104 Va
4
&
conv
American
700
18 %
Jan
12
American Safety Razor
1,300
-
300
159%
•v
4%
4%
45 %
39'A
150%
59%
8Va
76
76
x75Va
4%
7%
7VV
,1W
7% >; 7%
77%
"
38%
150 Va
*27%
10%
f
38%
159 Va
44%
29
29
29'A
32 Va
..'143,...: 143%
•;
5
150%
117%
830
i
14%
Dec
97%
4
American Rolling Mill
15
Jan
13%
8
2
2% Jan
65% Feb 29
Am Rad & Stand San'y—
No par
Preferred I-——J-100
68
11% May
6%
3
Mar
3% Jan
10,800
14%
112% May
33 '/a Mar
39,000
15
'■
A
14'/a
116% July
Feb
10
$5 preferred-i
4 V3 %
Nov
96
21»/4 Mar
40
Apr
107
10..
5
Jan
Jun
July
8
,53% Jan
4
10
Jan
>W 45'/a
16
Mar
Feb
13
26
>
■•'
105
Jan
157/a Jan
I
67 Va
15
27%
88%
*86
87
•:
13%
68%
a
14 %
13%
24%
6
59
4
10
Jan
Jan
'
165
*163
13%
12,100
s
I 27.200
45
9%
9%
165
18 Va
33%
49
;
80
18 '4
110% Feb
4% Jan
Amer Power & Light———No
: $6 preferred-—-—
No
-5 15,200
Nov
24% Mar 10
Jan
News Co
American
2,020
V
2%
48%
44%
59%
7%
8Va
7%
48%
45
159%
118%
>*118
118%
*118
118%
*118
2%
59%
10%
44%
44
■
190
'
preferred
Jan
59%
14% Feb
Mach & Fdy- Co
Mach
24%
>116
9
68
Nov
Aug
33% Mar 10
16% Mar
Mar,
23
168
134
—No par
Metals.
Amer Metals Co Ltd
6% preferred
1.400
i
34
33%
2%
60
10%
43%
A.
22
119
33%
15%
118
;
*27
%J44.-i
143
10%
43%;;
43%
10%
43%
22
118
159%
'
10%
10%
.
AAA;
22
26%
18%
32-
27%
59%
10%
s
118
159%
*59
144..,,..
♦143
144%
10%
.
59%
158%
:
60
10
■
117%
27%
158%
59%
*
18%
3134
59 %
-144%
27%;
18%
31%
18%
,v.
27%
158%
900
Amer
147 > 147
,
15'% -15%
31%
*27
27
158%
Amer
'
118
*117
147
26 5
*15
18%
31%
31%
*114%
1%
2,800
42%
15 Va
,
3,000
•> 118
150%
42
26%.
26'%
15
r
3
■'■:> 91% July
185% July
5
8 % Jan
•
SS Co
American Locomotive
-r
38
152'%
117%
26%
15
15
..
i 49,400
90%
*28%
147 i
150
*148
25%
J/4
26
400
■f
Jan
7
2V4 Mar
Corp—--—No pot
American Invest Co of III
1
5% conv preferred———50
46 Va
71'/a
Mar 10
30
Amer: Internat
14% 114%
>•'
14 7
*
14%
X42
42
42
100
■
4,300
6%
6%
*46
-
67%
15
151'4
152%
152
148
148
150
'
26
*14%
37%
43
*41%
:
,
.15 '
•
3,000
5
90
13%
68'%
13%
.67%
1
«
800
17%
9%
14%
68
13%
5:%
500
r
9'4 May
3
V
108'/a Feb
—10
1
6% conv preferred
50
American Home Products
—-1
American Ice————No par
6% non-cum preferred
100
14%
*163
165
*163
13%
13%
67%
64
44%
9%
9%
,
165
*163
165
*163
9%
9Va
9*4
9%
9% '
165
i
-i
8 V.':'% 8
48%
.
'
9%
*163
40%
Jan
20
Hide & Leather—
American
1,900
V
3%
5%
2%
45%
48%
American Hawaiian
33%
>>
■
49%
2%
48%
47
900
"
2%
2%
2%
2%
46%
2,000
r
91
22
118
2%
2%
;
34'A
—
Jan
3%
79% Mar 10
18
—No par
No par
No par
$7.
18
*10%
10%
*335b
34
77%
6%
14 Va
r.
22
118
*116
18,900
■>
17Va
118
22
,22%;
22
'
10%
10 Va
10%
10%
22
22
22
*21%
<
*66%
'
46%'
v
90%
90 V2
1438
15%
20%
preferred—-.
$7 2d preferred A
.". $6 preferred
*63
16%
17%
89
3,400
8'A
6%
*46
16
15%
12.400
i
*39%
5%
8%
6%
16
88%
300
-
••
5'/a
3% if
63
63
47
*46
47%
*46
47%
*6%
6%
6%
6%
*6%
i
24%
900
•
34%
•V
66%
66%
5%
>*61%
*46
1
76'A
■«
•
40
5%
5%
15%
.14%
67
67
.
63%
*7%
6%
47%
9%
86%'
3%
40
•
*5%
7%
6%
'*
2,000
20 Va
78'A
3%
3%
*61%
63
7%
3%
40 ,>■'
40
4,100
"
"
40%
r,
1
30
Jan
127%
1.
26
10'/» Jan
43% July
27%
4
25
176'/a Feb
5
108'4 Jan
14
Dec
Nov
/» 9% Apr
Jan
4
101% Feb
.
10 Va Jan
132
3
Wan
18%
Jan
87*4 Feb
68% Jan
23
Jun
.Sep
61
Jan
8%
47
Jan
1
Mar
>
5
4
17
34
76*4 July
.
42% Feb 25
34'/e Jan
10
Co
Jan
4%
-j:;
170'/a Jan
Crystal Sugar———10
6%. 1st preferred—
100
Amer Distilling Co stamped—20
American Encaustic Tiling
i—1
Amer European/Sees
No par
American Export Lines Inc.—_1
Amer & Foreign Power———No par
40
5%
>>
34'A
*33%
■
104'A
:•
82
American
<12,300
85%
5Va >':;
78
34%
14%
24%
24% ••■>
*24'4
>>: 5%
78%
33%
"34%
"
*46
78
76%
33%
.
5% if.
5%
77
76%
34%
*66
5%
:
86'/a
*40
: 67
5%
86
*85'/a
*3%
3%
*61
86%
87%
76%
40%
*60
25%
86%
*34
35
*39%
*24%
.
21
r10Q
American Colortype
300
v
9%
9%
20 %
76%
*33%
9%
86
86%
20%
9%
280'
116
2%
30
2Va
*9%
20
>11%
14
8 % Jan
No par
1% non-cum preferred
100
Am Chain & Cable Inc
-No par
5% conv preferred—^
100
American Chicle—i———-No par
5,500
2%
■A
30%
30 %
86%
5%
5%
86%
104
2%
v
a:
11
.
5%
*24% I 24%
25%
5% ■V.
'•>
14
14'%■
104 ■>■•>w *103%
14 Va
.
9%
25'A
*24%
7H 5% :> 5%
*9%
10
V
37% Jan
Feb
64
•;'.'
86'/a
Jan
Jan
,
15% Jan
3
Corp——.—1
--25
——
18% Jan
9
128% Jan
»
9
Sep
2% July
31'/a, Oct
52
14
Mar
23%
/
23
8
31'/a Jan
66
-
X67
86% Jan
3
Sep
Dec
43% July
Jan
<7
14
American Car & Pdy
2,400
110
*115
2%w
2%
,
^Preferred
160
17,600
f
,
24%
24'/a
11%
31
31 >:
■
79%
r
*109
:
115%
>
; 105
105
2%
*2%
2%
2%
14%
31%
31
•;v,.:77
24'/a
*10%
11%
: 14 Va
105'
103 Va
32%
10
10
10
*24%
*
104
32
2%
2%
; 16%
104
;
32
32
■;•
16 ■:
16%
16%
*10%
16
14%
38%
Jan
28
7% Jan
Can——
American
3.000
'
173%
37%
115%
11%
*11
84%
84
V 110
*109
115%. 116
11
11
■; h
Cable & Radio
Amer
A 15.400
9%
Co——No par
preferred—
-100
%
13 Va
35
60 v Jan
Shoe
conv
:
16
12
16*4 Feb
Corp———1
Bosch
Brake
5%%
150
-s.
'
110
110
.
173%
V'>
•..76%.".,
76..
130
9%
,
37%
24
-24'%
24
,
113
11%
.*11
24
110
>>;
76
75%
75%
74%
% 23%
110
113
112%
v,
;
?
84'%
36%
Am
'
175%
*174
,37%',.
36%
r
2.300
13%
41%
41
130
A',
9%
84%
175%
*174
36%
*109
*109
110
*109
*112
174%
35%
84%
83 Va
83 Va
174
83
174%
174%
176
'
9%
9%
9%
Va
9
9 >
8%
*82
83 %
83%
"174
130%
*129%
130
7.200
American
Jan
17
Feb
4
Jan
58 V4 Jan
Inc.——10
—.—10
preferred—————50
6%
17%
Jan
Jan
82% Feb
v
Jan
3% Feb
3.".
Va Jan
...
29% Jan
Petroleum
Agricultural Chemical-No par
Amer
90
63%
13 C,
13'A
12%
•
preferred—
50
Corp—No par
6%conv
Amerada
'
41 %
'
;■:■
20
Jan
5
25
2
28 Va
16%
97
Jan
26Va
8
>
18
1
Bank Note
*62'/a
30%
64%
M-
100
35
*33 Va
34%
*32%
34%
*32%
30%
8%
Alpha Portland Cem—
Amalgam Leather Co Inc—
34
64%
■
1,700
Mar
Jan
73%
8
9.9
15
2,000
3
83%
■
"30%
:
19 Va
34
35
83
65
13,400
38%
2%
•
3
3
35
83
"63%
-■
3
3
35'/a Feb
$ per share
.
6%
16% Mar
96 % Jan
No par
No par
Highest
«■
f per share
share
40
27
14% Jan
—100
preferred—-—
5%
Allls-Chalmers Mfg
3
"34
*30%
37%
19
3
3
3
100
1 per
share
-—No par
Allied Stores Corp-
19,900
98 Va
18%
37%
18%
■/
:X
19
•
1 per
16%
16%
♦98
99
*98
36%
37 Va
36%
18%
:
16% : 16%
16 V2
*98
36%
*
$ per share
16
99
15%
16
share
$ per
I per share
per share
15%
Year 1943
Lowest
Highest
Lowest
Shares
I per share
share
I per
the Week
Mar. 10
Mar. 9
STOCK
EXCHANGE
NEW YORK
Sales for
Friday A
Thursday
Mar. 8
»;
Mar. 7
Mar. G
Mar. 4
*
tOW AND HIGH SALE FBICES
Wednesday
Tuesday
Monday
Saturday
'
13
37% Mar
8
9 Ye
Jan
Dec
9'/a Nov
33
Nov
15%
Dec
Sep
47
Sep
19% July
20% Mar
X29
May
33% July
X110
14%
Sep
Sep
33% July
114
Aug
11% July
20% Mar
39%
Apr'
Volume 159
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4263
NEW YORK STOCK
LOW 'AND
Saturday
S
6
>
18%
ver
Mar. %■
$
share
18%
;
HIGH
18%
55
57
*55-
56%
371/s
*36%
37%
37
17', 8
17'/h
.
58
171/4
58%
*117 V
*38
118 :
39
18%
*17
8%
59%
18%
9
18%
*17
:
9
18
18%
*17
*141/4
151/2
*14%
15%
*14%
15%
93%
93i%
*94
95
*94
95
15
15
14%
*471/2
48
48
48
*89
90%
89%.
90%
48 ■/>.
48
15
8%
15
'
*94%
15%
15
143/4
>49%
48%
49%
90
91
90
90 Va
48
47
48
34
48-
48%
,
-99
.
Bethlenem Steel
A;v
2,500
1 2,000
8%
2.800
173/4
100
t
99
■
1434
'
49%
.50%
*89%
90%
*47'A'
48
34%
34%
35
50
'
90
47%
•
:
7
34%
29%
35%
3%
39%
34%
34%
34%
29%
30
29%
30
30
30
293A
30
15%
35%
36%
36%
37%
37%
373/4
37%
38
4
4
4%
*38%
*4
4'/a
/• *4
*39
39%
*38
16
15%
16-
52
*50
50
50
1'6%
*50
Bond
9T/s
9%
9%
10
10 %
10%
29%
29%
29%
30%
29%
30%
30
*40%"
41%
44*/a
*40%
41%
*40%
41%
41%
41%
*41
44%
44V2-44'%
18%
18%
18
2
*42
*43%
15%
16%
50
50
*18%
19
*18%
19
8%
9
8%
18
18
43
*42
9
*1161%
117%
6%
6%
117
18%
■
10'A
10%
10%
30'/a
30 Va
9
117
V
9%
*116%
117%
41%
413A
300
6%
41%'0
,
y,
43%
,
44%
44%
*173/4
18
43
*42
5,300
19%
19 %
*18%
X9%
9%
9%
6%
6%
115
*113%
56%
*114
116
57
57
*56%
.116
56%
117%
7%
.
*114VB
r
il!
57%
56%
7%
7%
*7%
18
■"
■
7% 0/ 87//
V.
.7%
59% :;
59%
60%
8%
8 Va
8
8%
'■
28%
%09%
*17'3,4
18
18
13
18
18
„
*10%
193/4
193.4
19%
20
20
19%
*33%
33%
33%
33%
33%
34.
28 %
28%
28%
28%
109V4 112
90,
28%
12%
12%
12%
12 3/4
12%
12%
4%
4%
4%
4%
4%
4%
4%
%
64%
*62%
64%
*62%
52%
52%
52%
52%
51%
9%
9%
*62%
*62
64%
;
49%
51
>■
28%
13
29%
110%
12%
.
74%.
,
Jun
273/g
Jan
16
37% Feb
16% Jan
7% Jan
24
Jan
4
/14'% Feb
-
4
,
16
•
7/13% Jan
;
45
9%
9
9
9
28%
28%
*28%
28%
28%
3 %
31/4
3%
3%
3%
14%
14%
*14%
14%
78%
78%
*78
791/4
22/
22
*21%
22'/a
27 Va
27Ma
27 M2
;
V
55%
;
//;-
*16
4%
;■
•
62%
51
51%
■
*16
13%
19,500
•
61
51%
9%
10%
:
16%
24%
24%
44
44
*7%
46%
101%
*29'A
7 Va
*45%
102
30
,93/a
102
28
28%
56 Vs
*56
56 '/a
3/4
u
6%
:
.■
-
6%
16%
25%
25Va
25V2
26
39 Va
*38%
39
*38 :»/4
9%
9 V4
9%
91/4
44%
*7%
30
102
29%
*29%
4%
4%
4%
29 7
.
4 %
4%
36
36%
36%
*149
*149
151
a
48
36%'
363A
37%
149
149%
'
48 4
47%
36
36%
36 m*
38 V4
♦149
48%
-
36%
48
:
48%
*148
36%
v;
29%
10V4 Mar
8
8%
Nov
12%
Apr
20%
Jan
30%
14
41% Mar 10
33
Jan
44
45% Mar
v ,i>'
No par
,
Co
39
5:
'
5%
36%
36%
*104%
106
XlOSVa
103 Va
*103 3/4
X122
122%
122 %
*117
118%
*116%
118
117%
1173/4
X115
115%
115%
1153/4
v
11%
,11'a
11%
11%
11%
■11%;
11%
11%
17%
.7%
11'a
-173/4
17%
18
*17%
20%
20%
20%
20%
20%
3%
108
3%
108 %
*107%
3
107 ma
107
24 3a
:
112
5%
26'A
26%
33%
26 Va
*7%
8%
11%
47%
26 3/4
48
7%
7.3/8
7%
15%
15%
15%
15%
11 %
:
108
*108
11 -K
;•:
120
*115
*115
■
33%
33%
5%
*53A
5%
*18%
61%
62%
*18%
18%
18%
61
63%
*13Vs :
263/4
112
34%
12
27
26%
112
*26
112
34
34%
12%
12%
47%
46%
7%
7Va
15%
15%
15%
*25%
112
26%
*111
34
34
47
7%
V
12 Va
X46%
■A',
26%
111%
33%
123A
*12 3A
12%
'46%
7%
153A
15%
2,400
47%
73A
15%
16
12%
46%
.7%
V
:i
33%
;
;
1,500
8,000
73/4 '
■
153/4
3,500
4,600
.
5%
53A
53/4
5%
5%
5%
5%
23%
23 Va
23 Vs
23%
23%
23'A
23%
23%
23
23 v:
23
23%
2,400
26%
26%
26%
26
26%
25%
26%
25%
26 ;
25%
253/4
12,500
53%
53 3/8
54%
54
54%
17
53%
54%
53%
543/8
53%
54
17,700
53
,
'}'.
163/4
16 Va
*16
18%
16%.
16%
18%
18%
40 %.
41
48
17
18%
40%
48
4Q%
18%
40'A
18 VA
*40
17%
.
18%
:
:/ 5%
/■;
;
19
41
47%
48
14
*15%
1'5%
*1%
.
,
26
2
1%
49..
81 Va
16
16
49
106
*105
106%
59
59
59
59%
*7%
7%
39
39
152
*142
*75
82
39'A
*39
*142
*75
*112%
152
114%
153A
*15%
1%
1%
l3/4
1%
1%
*25% -'27%
16 Va
106 Va
106%
/, 106
60%
60
106'/a
60
60
8%
39
*114
73i
39%
•■'.: 152
82
114%
393A
40
*393A
109
39%
109
*107
..
40
40
*106
109
39%
20,300
165A
*142.
114
40
109
•
*75
39%
*39Va
*107
40
\*52%
*52 %
55
*52%
55
*52%'
55 :
37%
37 Va
36
37
36%
37
:'■•'■
*145
148
*145
148
148
148
*112%
114
*113
115
113%
113%
65
65
65
64%
25%
25
25%
105%
*104
105%
*25
27 %
*27
*110
64 Va
lA
*103%
253A
111
*26%
27%
111
111
27 %
27%
37
37%
36%
37
*148
15Q
-115
115
64%
25 V4
*104
65%
26 V*
105
27 %
28
92 %
36%
*148
115%
*65
25%
105
27% '
'39%
36%
,
21% Jan
4
22% Jan
V
1,700
*148
.A/
Co
Apr
16
Jan
25 Va
May
——25
Jan
22 Ma
Jan
30% July
523A
Jun
56
%
Jan
lMi Mar
28
6 Vb
Dec
9%
17 Va Jan
26
146,
Nov
193A
13%
Jan
27%
2
29 Va
Jan
38
18
63/8
Feb
19
36'A
11% May.
47% July
Jan
11
4
40
102
Mar 3
30% Feb 28
x85
8
6
4 V2 Jan 20
38% Jan
5
'149
Feb 16
4
5
44'% Jan, 12
35% Mar 1
xl03% Mar
9
121% Feb
49% Mar 10
40 Vs Jan
'
107
10
—-100
113
Jan
11
Jan
3
120
—
17
Jan
107
4%%. preferred—100
Jan
-
Products
1
—100
26
110
Feb
9%
46 %
Apr
July
97%
Dec
25%
J an
3Va
Jan
31% May
53A Apr
32 Vs
Dec
127%
Jan
147.;. .Dec
Nov
54% July
403/8 Jun
40
393A
*115
116
66%
*65
26
105
27%
Jan
95 Vs
Jan
108
Jan
128%
96%
Feb
120%
Apr
8%
Jan
16%
Nov
21
163A
Jan
23%
1%
Jan
973A
Jdn
16%
16%
*15%
15%
16
16%
16 Vs
16%
16%
16%
16'A
16%
16%
111
130
7,800
28%
*111
112
'
90
;
.
2.100
70
,
10O
7%
gtd
111
3
Jan
18%
Jun
8
13
Jan
25
Dec
31
3
Jan
4
98
Mar
115
Sep
37% Jan
4
X33
Jan
41
Apr
6Mb Jan
25
3
Jan
115
Jan
32%
8% Nov
73A
17
64% Mar
11
183A Jan
13
23
Jan
27% Feb
24
18
Jan
24
112% Feb
4
993A
Jan
109
Dec
7
8%
Jan
34
July
50
July
1
Class
A
preferred.
conv
4%
non-cum
1st
620
4%
non-cum
2nd
17%
18
17%
18'%
17'A
17'/a
17%
18
16%
17
16%
16%
*16%
16%
16 34
16%
27%
273/a
27 Va
27%
28
28
27 7
28
27%
27%.
27%
28
*27%
2,400
27%
27%
27%
27%
27%
27%
27%
27%
27 Ye
27%
1,600
,
18
Jan
163/4 Nov
72% Oct
«■''
34% Mar
12 Ms Mar
6
33%
Jan
2%
Jan
9'A May
3
16% Feb
18
7%
Jan
6% Feb 24
24 V2 Feb 15
24
2%
Jan
17% May
7 % May
10%
Jan
21%
Jun
Dec
3
4
10
48
'
Mar
28 % Feb
57V2Feb 24
18% Jan
7
19% Mar 9
41% Mar
8
4
24
3
-7
6
6
Jan
167/a
15 Va
Jan
22
36%
Nov
Jan
26
48
Dec
4
14% Jan
22
11%
Jan
Apr
41M2 May
54
May
153/4 Apr
14
16% Jan
29
13%
Jan
18
51
3
2
Mar
6
1
Dec
Jun
33A May
25 M2 Mar 9
77% Feb ' ,>7
28
Jan
5
85MoMarlO
24%
Jan
32%
67%
Jan
85% Julv
14% Jan
16%'Mar
8
10%
Jan
153/4 Aug
5
96% Jan
4
27
5
Jan 12
57M4 Jan 19
6% Jan 12
35% Jan 12
.,104
143
76
Jan
Jan
112% Feb
39% Mar
107
Jan
107
65
Dec
8%
Jun
Mar
67
Feb
74%
Jun
109%
Jan
116 3/4
Aug
41% Jan 25
283A
Jan
42 Va
Dec
12
101%
Jan
29
11
115% Jan
3
6
27
109
Jan
92% Jan
53
'
3
10
Jan 21
37% Mar 9
37M4Feb 25
Jan
84
Nov
39% July
145
Dec
108% Dec
Jan
92%
50
Feb
54
33%
Nov
48
33%
Jan
May
153
88
Jan
123
61
Dec
16%
Jan
Xl03%
Dec
18
148
26
115% Mar
62V'8Jan
11
23% Jan
6
Feb 18
26% Mar 8
Jan 12
29
Jan 17
114
Jan 11
17
Jan
7
67
108
17%
108
Jan
Jan
Sep
Sep
M2 Mar
40
142
9
Feb
Feb
•
32 '/a
27
145
111
109%Feb 29
Sep
63%
Jan
123
Jan
78% Jan
100
106
Feb
8
7
148
3
103% Mar 2
26 % Jan 14
2 3A
7
39% Mar
7
92% Feb 26
34% Jan
Feb
Jan
Apr
8 'A Mar
21
No par
~
6
24
10
par
Apr
July
8 % Feb
6
Jan
-No par
19%
<3
Feb
,—No par
preferred
2,360
18
4
No par
^
Collins 6s Aikman
5%
4
53
No
-
Colgate-Palmolive-Peet
$4.25
3
..
33
No par
JColorado & Southern
16%
Jan
No par
1,970
17
108
50
(The)
Jun
Jan
100
Co
Jun
Aug
18
No par
Preferred
16%
16%
50
Special gtd
Climax
Colo. Fuel & Iron Corp
17
1
(The)
preferred
& Pitts RR Co
2.700
15%
a
Graph Bronze Co
5%
16%
.
15%
*27%
25
.3
No par
....
July
3% Mar
57% Jan
-
-
July
1
8% Jan
19
July
Sep
July
68%
Oct
25
Dec
109% July
28% July
114%
Oct
133/4
Nov
19% July
8
2%
Jan
19
Sep
8
3%
Jan
19%
Sep
3
Jan
17%
Sep
15% Mar
4
100
ll3/4 Jan
3
preferred—100
preferred—100
12Ms Jan
4
18% Mar
13
Jan
4
17
2.50
26% Jan
4
28!4Feb 23
15%
Jan
2 6 34
Dec
2.50
25% Jan
4
28 Vs Feb
15%
Jan
26 Va
Dec
Columbia Br'd Sy3 Inc cl A
Ciass B
,
Sop
Sep
143/4
22
26% Mar
15
30 Va Feb 15
4% Jan "3"
.5
5
—25
Mfg
Chile Copper Co.
Chrysler Corp—
Coca-Cola
66 %
105%
28%
16 %
60
26%
25%
105
—.100
preferred
Dec
26%
119
108% Jan
3
12% Feb 24
4
Jan
Jan
Dec
Jan
18 Va Feb
31
i Jan
7"A Jan
4
Jan
Apr
Mar
Jan
.
21% Mar 10
3% Mar 7
3
9
•
24
4 Mj
Jan
12
3
13
23
100
Feb
125% Jan 14
120% Jan 25
2
—No par
Apr
xl3%
5
46% Feb
4
Jan
Mar
453/e Jan
*
4
34% Feb
100
Apr
TVs Feb
4
.
5'A
-
11
4
4
:
% Jan
19
28% Jan
'
Jan
8
56% Mar
6% Feb
%■
2%
18
*28% Mar 10
43% Jan
5
1
4% stock
Molybdenum
ZCluett Peabody & Co
..
150
115%
16%
18% July
83 Va
par
19% Jan
/ 2% Jan
Clev
36%,.
363A
155
16%
pagerT055.
Jan
10% Feb
Jan
Oct
10% July
29% NOV
Nov
3
97
May
49
;
9%
8% Jan
Ohio. Ry__—100
75
■
65 Va
26V& Jan
38VaMar
43% Jan
Jan
8
8
L10
21
3
7
A„1
class
(J I) Co new
Clev
600
5,100
16
111
';••■
94
55
111
111
40.
37%
16
§ee
—No
—
41
6
24
Mar
23% Feb
-
28
3% Jan
33% Jan
6% % preferred———.——100
City Investing Co
;—100
City Stores
0;
5
Clark Equipment
No par
C. C. C. & St. Louis Ry. Co
100
5% preferred.
100
Clev El Ilium $4.50 pfd
No par
20
*37%
111
footnotes
Mills
Feb
25
Ry——
Administration
6% May
15Va Jan
.
3
5
—
*52 %
15%
For
Jan
80
No par
—5
10Q.
Co
City Ice & Fuel
700
/
109
*92%
15%
111
/
>;■■•::
114%
*107
94
15%
-
23/,
No par
Ale
.
5,200
38%
82
15%
*16'A
28
3
—
152
*75
114%
109
55
106
5% Feb
27
027% Jan
Chesapeake Corp of Va.—i
11
Feb
i Chesapeake & Ohio Ry
44% Jan
Chic & East 111 RR Co
No par
5% Jan
/
Class A
40 ;
11% Jan
Chicago Great West RR Co..
50
A 4% Jan
5% preferred.
——50.
18
Jan
Chicago & Northwest'n w i—No par
25 Ma Mar
5% preferred w i__—_;
..100
53
Mar
/ Chicago Mail Order Co..
i-5
15% Feb
Chicago Fneumat Tool
No par v
16%; Jan
;
$3 conit preferred.
No par
38% Jan
Pr pf ($2.50) cum div
No par
47
Jan
Chicago Yellow Cab—..
..No par
>13
Jan
/ Chiclcasha Cotton Oil
10
15M4 Jan
JChilds Co
-No par
13/b Jan
300
8
*142
■
*113%; 114%
*52%
2b'A
Jun
3
Jan
123/4 Jan
15% Jan
Checker Cab
30
59%
.38%
'
82
55
36%
59 Va
*7%
152
*
37 %
■
7%
94
35 >A
106
106
60%
*923'8
*36 Va
*26
106
94
*64%
153A
67 Va Jan
Copper
Capital
6%
3,000
*92%
*104:'A
Oct
Jan
Jan
Champion Pap & Fib Co—No par
.
Z •'. 40
85%
94
353A
2,000
; 27%
*923A
37
i
1%
83Va
25 Va
94
35%
15%'.
600
*16%
*38%
82
*39%
500
16%
7%
152
*107
::
83%
*92%
*36%
109'A
9%
105
100
6%. prior preferred—
'
*75
114
200
.
14
14
16%
8
*142
"
V.
25%
83 '/y
'•
'
*107
;49%
14 Va
8334
38%
49 Va
49%
16%
*75
2,200
14%
81%
7%
.4,200
49 Va
16%
60
2,700
19%
*15%
82%
105 %
*
173/B
40%
14%
16%
-
19'A
153/4
81%
*
2,500
40%
14%
27%
*142
82 f:
114%
114%
7%
.
5%
*17
■
19
193/a
40%: •41 :■>•:
-
*25%
16%.
*105
2. V,
17
5%
:
15%
;
15%
1%
2
081%
81 •/>
16
49%
14 V
15%
27%
80 3/4
7'A
*13%
■
15%
*25%
26
/
•
v
0
*48
14
14
*15%
53/4
v-
Xl67/a
'.■'
41%
'
*13%
May
1
20%
4
Jun
9
29 '4 Mar 10
Chain Belt Co——No par
80
46 Va
73/4
8,400
112
26
53A
31%
13%Feb
3
—
100
Apr
35% July
Jan
8
6% Jan
Lt
Jan
20%
110V» Mar
4
Steel
24%
9
Feb
3A Jan
&
8
28
Zinc-Lead——1
Clinch
Mar
Feb
-
Jan
Certain-teed
.
29 %
Jan
•.
Apr
18% July
Nov
30
.3
Ry
10%
Jan
16
34
24
Pacitic
Nov
14'A
Mi
53% Feb
Ginger
6%
14
5%
24% Jan
Cons
116% May
54% Aug
20Va Feb 24
3
54
Jan
lOVsMarlO
—No par
Preferred 4.
109
Cerro de Pasco Copper—.
No par
•
18% Feb
/
3
Jan
r
Nov
52% Mar
tCent RR of New Jersey
1,680
18%
Feb 21 '
50
Hecla
76%
63
1,900
'
4
32
10% May
118% July
9% May
Jan
Jan
43
60% Mar 10
1"
'
'•
'V
8Va Mar 10
4
Jan
3
Jun
«
3
Jan
Jan
4
1
6%
104'/a
;
122% Mar 10
\
;i2% Jan
8
27
4
3,500
333/4
5%
3
27% Jan 25
lOlVtJan 11
-
Jan
3
Century Ribbon Mills
30
333A
5.
7% Jan
pat
Central Yioleta Sugar Co
120
120
7% Mar 10
pat
1,000
200
9% Mar
6
4
6
Packings———ZNo
3,000
-
8%
53/4
63
62%
90
26%
*73A
3
Jan
5% Jan
Central 111
3,100
11%
26
113A
42% July
20% July
Central Aguirre Assoc
No par
Central Foundry Cto———I
9,300
108%
34 V4
"5%
53/4
18%
*111
11%
47%
120
33%
63
34
7%
280
Jan
18
—5
2d preferred^
Celotex Corp
5% preferred
-
13
'
34
47%
*11
/
26%
*115/
34
18 3A
111%
33%
*32%
:
61%
27%
111%
5%
:
8%
120
33 3 4
18%
26 %
112
*115
53/4
62%
*18'A
18 3A
*110%
vv /
33%
5%
63
*18%
115
ma
61%
5%
63
-
*11
8%
*7%
33
17%
21%.
3%
12
26
114
4,800
17%
/
3
26%
113a
25%
337/b
12
14
No par
7%
150
21 %
•
21%
11%
11%
8% a
18
•
3/ ;:
26%
I13/b
25%
8%
/,
108
25 Vi
8%
18
20%
3 Va
107
25
112
33%
18
203A
■
107
*11 vb
8%
*8
113A
70
290
19% Jan
17*
Caterpillar Tractor-.———-,-No pat
Celanese Corp of Amer
No par
5% series prior preferred
100
7% prior preferred100
4,600
»
4
98%'Jan
<
*
11
U
■
*107
11%
36%
18 V4
Jan'
Jan
Preferred
.
Jan
44
Jan
8% Jan
preferred—
Case
44 Va May
9V8
29%
47% Jan
par
—1
—30
Carpenter
2,900
122%
*
5 %
Jan
2
27
8% Jan
10
Carriers & General Corp
10
104 Va
122 3A
116% 117
California
37%
18% Mar
42 Va Jan
116
I
__10O
preferred
conv
Jun
July
18
<
No pat
preferred
,
13
'*'] ,i-\
No
t
Dec
17% Jan
par
•
-
8
38%
393/4 Jan
:
5
,*_•:
4 ' .*•-
%
14% Jan
pat
No par
No
Jan
4
4Q% Jan
.
-No
_
Co
'„v;
Carolina
12,800
49%
23
Apr
30% Mar 10
300
J
Feb
40
6Va
28
800
.
■
2%
Nov
$3 preferred A
210
37%. -v
& 149%
.48%,
-
20
37%
*122%
.:
Jan
16
Dec
14'A Nov
Cannon
700
.
4%
105%
3
July
45
Campbell W & C Fdy
500
7% a:
122 %
173a
39
Jan
Calumet &
46% v;
■
*4Va
*148
48%.
X36 %
:
44
m
105%
/
Jan
Jan
Canadian
122%
a/'//- 3
Oct
26%
Nov
10,400
124
,
30
11
3.400
.
9%
29%
■"
4%
149%
48%
,
,
105
3 vb
35
Jan
4% Feb
7
July
Jan
Va
20
Southern
122%
20 %
22
28%
Dry
105
*3
17
4
2
Canada
1051%
20%
51
17
2
Canada
124
'
/. 96% July
Jan
Mar
3,500
101%
37 3A
37%
•
149%
36%
Nov
38 Va
16% Mar
Callaham
1,800
*104%
,
56 Va May
85
50
0 -.10 :
*123%
a
Jan
4
3
1
12,200
101 Va
30
*4%
>
/
100
17
-7%
'
4%;
37%
149
473/4
48
36 ms
36%
4%
41%
Feb
503/4 Feb
;
3
26%
46'A
102
30
,
44
7%
'
*4%
50% Mar 10
21% Mar
123A Jan
39
9%
46%
102
a
93/a
44 3A
*46
102
29 7 a
:
*73/a
46V4
16%
16%
*44
7%
*46
102
*16%
44%
7%
46%
*102%
17 Va
443k
7%
*46.
Nov
—5
Participating preferred
Byron Jackson Co
4,400
:.
63/4
25%
*385/a
*44
/ >...
7 Va1'
46%
11%
__2.5Q
Bearing Co
Butte Copper & Zone
Byers Co (A M)
.
3,600
%
-•/
39%
9%
V
102
*29 Va
27%
56 Ve
7
16%
29
3
5%.
1,400
25V4
*38%
44%
.*44
,
7%
*45%
9'A
22
>
25
38%
26
Jun
July
15% Feb
18
A: 3% Jan
A 37 Va Jan
Butler Bros—
1,000
22
X63A
ii{-
7
■
July
19
100
9%
Mar 10
•
280
22 Vb
•
3'A-
14%
79
27%
56%
%:
Z
19 %
Jan
Jan
38
Burlington Mills. Corp—
700
14%
22 Vb
27%
56%:
n
■■■■.V
783/a
79%
16%
25 Vb
38%
9%
27%
55%
-
Jan
76
3
-
II,500
29%
3% ■V
& 3%
*3%
22 Va
273A
7
29
14% .14%
55%
';
Jun
7
34% Jan
Burroughs Adding Maehw-JVo: pat
2,300 "i Bush
20
6% preferred
100
2.160
Bush Term Bldg 7% preferred—100
4%
61
■79%
27 Vz
■
7
393/a
9%
3Va
15
t
11'A
13%
11
5
Corp
Dec
19 3/4 Mar
Jan
21
Mar
Bulova .Watch—-No
100
'
29% -28%
.
80
22'/a
40
Jan
16% Jan
Jan
Boddt Wheel
Buffalo* Forge Co,^..-.—
Bullard Co
.
700 •••;
.
50%
9%
9%
28%
79%
17% Feb
69 Vb Apr
121% July
6'A
8
30
-
2,500
'4%
4%
*61
9%
14%
/
8
Nov
Sep
95'A Jan
-
95
„--7%
300
29%
12%
64 V2
%
:/
16%
24 .•:';;;
22
v//.'/ 3/4
*6%
*38%
22
55%
%
%
-
143/4
79
9VaMar
89% Mar ,6
46% Jan
4
preferred
108
Budd (E G) Mfg
No par
lio'/• 7% preferred——>—100.
2,440
$5 preferred
No par
110%
29
*109%
13
52%
*28%
V 3%
3%;"
143/4
78%
■
27%.
55%
*55
;r
28%
Jan
Mar
54
18% Mar 10
3
93% Mar -4
'
9
43
3
35
Bucyrus-Erie
i
1,900
-34
34
■
110%
110 Va
12%
34 •
*33%
29
*109%
112
"100%
17
Jan
1.7 /33% Jan 26
Bruns-Balke-Collender
500
7,800
19%
112
Jan
3
Bristol-Myers
20
18
19%
33%
*33
8%
110%
28% Jan
/
8%
17%
19%
*17%
18% Mar 10
60% Jan 31
118VaFeb 23'
4
2
pat
^
42,800
122 Vs
119%;A A/122'^'
.
573/4
*17%
•
20
56V4 Jan
17%
Briggs & Stratton
wt
8,500
117
7V»
19%
19%
15% Jan
July
.15
,
*17%
Inc
—
'
7%
1 Ve¬
116
116
57%
Nov
38
Brewing Corp. of America
.15
40% Feb
Bridgeport Brass Co
,„_No par-in..:. 8% Jan
Briggs Manufacturing—...No par
27
Jan
600
9%
113%
f
19 Vs
117%.;
6%
17% "18
'
*114
57
Jun
par
(The)
v"'3,200 :f Brooklyn Union Gas
•
Brown Shoe Co_
43
9%
117%
6%
-
*42
19
9%
No
Braniff Airways Inc
i
12,000
18%
18%
18%
Stores
Bower Roller
200
43
■
r
Feb
22%
5
ciass A...
Borg-Warner
10.600
;
'30%
43%
45%
45%
44%
18
*42
43
54 3A
115% Feb
par
No
Borden Co
'
<'
24
37% Mar 10
Boston & Maine. RR (assented) .100
■
.
600 0
100
A
393/s
16 Va
29%
10
1,700
a
•:
39%
50%
•
*9%
9%
4
4%
39%
16
51 Va
15%
*50
'k
29%
/
13% Mar
56% Jan
28
J
39%
4
39%
15%
53
.
Ami Co
Class B
5,700
34%
*38»%
15%
*50
Bon
•
/ 4,500
36
3%
*3ai/a
34%
30
35%
36
11
13
,
730
.
18% Jan
54% Feb
.
Bliss & Laughlin Inc.,...
—.5
Bloomingdale BrotherSw^__No par/
V Blumenthal & Co preferred
.100
120
I per share
33% Jan
No pat
w3
per share
?
No par
—No
$ per share
■/.
par
100.
Co
Highest
'
4
1
—_
Lowest
Jan
par
(Del)—.No par
U,-3,500' H Boeing Airplane. Co—
2,500 K Bohn Aluminum & Brass
✓
■473A'
*89%
Z/
—
—
17
Year 1943
Highest
$ per share
'38_JVo par
7 % preferred,.-,
Blgeiow-Sant Carp inc
Black & Decker,Mfg Co
Blaw-Knox
110
,
15
i.
50
<
16
*94
''•*
Foods
Best
16,500
183A
*15
.;/•
15
...
No
No
16,800
41 '•'/'•
■;
17.3/4
15
15
-
95
% 48
'
18
Beneficial Indus Loan
7 1,100 v;"
••<■
.
18%
Par
,
; Pr pid $2.50 dlv series
18%
.7x8%
Range since January 1
Lowest
7
>
7/1,200 '/ Best & Co
593/4
117
40%
,
'
9
*17'A
18
1/
18%
183/a
9%
,95
41
>41
18%.
18%
9 ,/
*17%
15%
1434
15%
42
39
39' ,:t.:
18 %
V'/v./-:'
8%
18JA
116 Va
Range for Previous
STOCK
YORK
EXCHANGE
■:V
37%
59 V4
59%
117
116'A
NEW
I,500
57
37
18'/a
59 Va
117
'
'
*55
37%
.
173/4.
60 V*
59%
117
A 117%
■'V-:/?. 39
18%
•:
18'A
17%
17%
*117
.
39
18%.
9
:
58%
118
*39
,
18 %
8%
17%
59%
17%
.58%
118
37%
for
Shares
18%
18%
57
*55
37%
37%
37%
the Week
f per share
18'A
13%
57
*55
57
share
per
18%'
18%
18%
*55
37 Vi
per share
$
per share
18'A
STOCKS
Sales
Mar. 10
Mar. 9
Mar. 8
:
Friday
Thursday
Wednesday
■■
RECORD
PRICES
SALE
Tuesday
Mar. 6
per share
*ia
v
Monday
Mar, <4
1047
16% Mar
Feb
15
23
.
RECORD
NEW YORK STOCK
LOW
Saturday
S per share
5'/a
5
;,
5%
5
82
80
80
80
82
82
74 y2
75
76
76
77%
42%
is %
■■
43
15%
li
>
25%
41 Va
23 %
23%
24'/a
24
.24%
24%
*105 %
106%
*105%
106%
*105%
3%
3%
3%
3%
3%
&
22
3%
26
25%
13%
13%
13%
14
3%
1,500
3%
4,300
4.000
18%
18%
9%
10
*93/4
10
26
-253A
14
14
18%
14%
21
13%
14
21
*20%
20%
21
14%
14%
15
15%
15%
16%
157/a
16%
17
17
16%
17
16%
16%
16%
16%
20%
20%
9%
*109% 110%
110%
21J/a
21%
21%
9%
*108%
9% ;
9%
2iya
9%
9%
9%
21
21 /./
9%
Q
1/R
34
34%
11%
11%
11%
43%
43%
43%
43%
.
5%
30%
27
27
13%
14/a
40
41
*39
40
*11%
40
*39
48
*471/4
30%
27%
27%
27%
/ :
14%
137/a
14
14%
14%
f
41
40%
40%
12%
18%
18%
17'/a
17 3/8
17 3/8
47%
47%
47%
47%
47%
12%
56%
56%
56%
56%
57%
*182%
182%
5%
5%
5%
*2%
5%
5%
■
47%
57%;
*180%
57%
5%
2%
19%
3
19%
2%
19%
19%
19%
19%
20%
x20%
106 y4
106'A
106%
106%
106%
106%
106%
*21%
21%
21%
21%
2%
3
22
22
"
22
22
% 2%
18
17%
17%
17%
18%
18%
18%
183/a
28%
28%
28%
28%
28%
28%
29
29
*45/a"
45%
45%
45%
31
25
13
*114
*109
.
:.
25%
■/v,
25%
28%
13%
13%
13%
108%
*103%
5%
5%
/
111
45%
4/'
5%
117
*108%
114%
26%
,26%
26
265/a
*24
24%
*106%
5%
6
/'■
5%
// "45%
A
5,300
24%
400
#24
*106%
*108
6
12,500
100
x43%
5%
:
5%
;
•3.400
43-
42
43%
53/4
5% :
18,500
5%
5,800
16%
17
16%
17
16%
17
16%
17
16%
17
'•*109%
116
*109'A
116
*109 %
116
*109/4
116
*109/4
116
23%
24
23%
24
24
23%
24
16% *
116
—
108%
111
■'5%
6
111
*1C3
•'•27%
fh 27
■
"
5%
5%
'
I08y2 i
*106%
•
110
45
'
5%
6J
110
112
43%' '45%
5%
108%
114 %
A. *108%
24%
*24
—
24%
24%
24
24
2,200
11
Jun
Jan
25
Jun
Jan
24% Nov
109
Dec
Jan
91%
Jan
■%
Jan
7%
105
Jan
2%
Sep
6% Apr
24% July
Feb
,
July
3% May
't<
19% May
8
Sep
24 %
29%
Nov
21% Mar
17%
Nov
27% Mar
4%
Jan
16
Aug
7
Jan
18%
Dec
33% Jan
24
23
10
21
Nov
9 %
47%
Oct
Dec
2
89
Jan
16
Jan
23%
Jun
x4% Jan
11%
Jun
Jan
Feb
Mar
Feb
107
Oct
96
Jan
110%
26%
Jan
36%
Jun
15%
Jun
7
Jan
Sep:
40%
Jan
4/8
Jan
25%
Jan
Sep
7% May37% July
18%
Jan
27% July
49%
:
x9% Jan
Apr
Jan
53
Aug
137/a
Dec
17% Aug
37
11
28
10
29
15
45
Jan
53%
173
2%
Apr
61 % May
186%
Sep
6
May
Jan
li
6% Jan 22
3% Jan 22
20% Mar 8
47
Jan
Dec
Jan
14%
Jan
2% May
22% July
3
7
95
Jan
108% Aug
3
19% Jan 17
9
1
Feb
30 % Mar 10
47 % Jan 27
17% Mar 9
99% Feb 24
32% Mar 8
80% Mar 9
28% Mar 10
13% Mar 8
Jan
3
Feb
9
Jan ,20
Jan
4
Jan
4
Jan
3
. 11% Feb
10
112
Jan 25
1061 Feb .4
. 22% Jan
18
22% Jan
4
101
Jan
4
5% Feb 11
108
Feb 4
. 42
Feb 14
.
117
*113
*113
114%
~"
45%"
13%
117
108%
*110
111
V:5%
13%
*113
26%
*24
5%
,
*109
24%
25%
25%
25%
...
114%
*109
:ii4%
*109
:
13%
•
117
*113
fv: #106%
16%
80%
26%
13%
13%
13%
117
5%
24
32/4
80
27
26
108%
*109%
32
80%
25%
80
25%
5%
45%
32%
80
32%
79%
*106%
111
32
31%
79%
24%
5%
99%
31%
24%
45%
17%
98%
25%:
24%
111
Xl7%
99%
25
24%
>
17'A
79%
*115
114%
25%
17%
3iy2
13/a
.13%
117
45%
99%
Jan
3 -/ 19%
Jan 10
47%
Jan 27
57%
Jan .4
183
16% Jan
27%
45
,15%
97%
28
69
20%
Jan
3%
41% Mar 10
12% Jan 15
50
Jan 5
Jan
Mar
107
22
104% Jan 20
20
Jan
3
♦
July
15%
35% Feb 25
12% Mar 10
46
Jan
3
6
Feb 15
33% Jan 22
27% Mar 9
14% Mar 8
10% Jan 4
47% Feb 19
No par
Crown Zeherbach Corp
—5
y $5hbnv preferred
——No par
Crucible Steel of Amer,
No paf
5ft-preferred-;
100
Cuba KR:6ft preferred100
Cuban-American Sugar—;
ilO :
1%; preferred
r_100
-'.5%% uonv preferred—L—100 ,»
Cudahy Packing Co
:
-30
CUneo Press Inc
—5 •
4Va%. preferred—
100
Curtis Pub Co (Thel
No par
$7 preferred
:
No par
;
Prior preferred-.-.-—No par
Cur.tissrWright —
——i-1
Class A
•„
-.1
Cushman's Sotis.Tnc 7% pfd
100
Cutler-Hammer Inc—
—No par .
preferred
Dec
27
Jan 5
Mar 10
Feb 9
22
10
109
3
1 /a May
2%
48% Feb 21
Feb 19
July
Jan
2
104% Feb
38% Feb 29
—No par
Cork & Seal
$2.25
17%
25%
:
,
Crown
99%
79
v-
800
,
Jan
Feb
Feb
Mar
Feb
Sep
Jun
16
17%
10% Feb 9
27% Jan 31
15%
22%
16%
17%
Jun
82
3% Jan 31
5
13
—*—2
19%
16%
31%
25
Cream of Wheat Corp (The)
Jan
July
44 %
,
(
Mar 10
Jan 11
Jan 5
Jan 4
20% Feb
5
Jan . 3
1% Jan 6
■■/')• 18% Feb 7:
30%
99%
*993/4
78%
78%
5%
.340
1
Co———-23
conv preferred
100
46
19
17
17
99%
31
f 31 Va
Crane
23,300
v
-—1
-
Jan
9%
105% Mar 10
25
-
29 /
100
17
16%
;
600
v
-
Coty, Inc..
-Coty Internat Corp.
1,300
v
...
22%
-
29%
41
Jan
32% Feb 10
11% Feb 11
42% Feb
7
5% Jan 3
30% Feb
8
Crosley Corp (The)———No par
19
*45
45%
99%
16%
*77%
45%
45%
110
107%
90
24%
107
4
23
4
Jan
15%
44%
55%
175%
44 '
Jan
10%
Feb 15
7% Jan 27
106% Jan 3
Insurance
Jan
24% Mar 10
20
20
5
/
Jan
25%
21 %
5
102% Jan
,——100
;
30%
104%
26% Jan 11
9% Jan 6
7% Jan
3
Jan 12
11% Jan
3
18% Jan 3
12% Jan
4
15
Jan 29
45
19% July
Jan
24
29%
45%
18
28%
♦45
i
20%
*22%
22
22
4,600
r-V
107
107
360
:
-
:
5%
.
20%
-
6,200
2%'
5%
2%
106%
99%
/A'i'skjji:
i-/ ,*
57%
180%
-
20%
106%
16%
2,400
.
47%
47
180%
182%
5%
5%
19%
*99%
,
.V
18%
18%
18%
57%
v
181
181
182
181%
*2%
250
■
'
*106%
3
2,400
r
48
1,600
1
-
•
*12
*47%
47%
47%
56%
?>.= 2%
41%
41%
12,700
:
12 %
18
18%
56%
51/2
.
31%
'
47%
1823A
•
48
12 %
17 Za
.
5%
*47%
48
47%
5%
20,900
31
27%
*56%
,
5%
5%
5%
30%
2% Jan
$2.50
Continental Motors—————1
Continental Oil of Del
5
Continental Steel Corp
No par
Cooper Bessemer Corp
No par
$3 prior preferred-—_—No par
Copperweld Steel Co
5
Conv pref 5ft
series—--50 '
Cornell-Dubilier Electric Corp——1
Corn Exch Bank Trust Co
-20
Corn Products Refining—.
-25:
Preferred
—100
Continental
2,200
5%
17%
*182
2.300
.45
44%
,
27%
*47%
48
*47%
48
,
ff's,';.
12%
11%
12/a
preierred—
Continental Can Inc.—
Continental Diamond Fibre
3,400
30%
12
12%
12
12 ;;/•
12
12
*47%
13%
13%
35%
44
-
8%
:
14
27
13%
35
5%
30%
27
*13%
110
34%
30%
5%
30 3A
26%
26%
-
22,400
41
5%
30'A
5%
44
5,900
10
'108%
110
.11%
:
22
9%
*27%
5%
31
5%
11%
44%
320
21%
934
34%
34%
11%
44
200
:
104'/a
103%
22
*108%
43%
11%.
*11%
43%
110
34%
34%
34/a
34
•
*11%
:'108%
110
1,200
47
*45
47
104%
*103%
104%
23.500
Jan
9
Jan
16% Jan 13
-
k
X47
104 3/4
104%
*104 Vb
104%
47
47
47
*46%
48
*46
20%
•
700
14%
21
104%
*30%
7,100
21
16%
104%
34%
1,900
15,500
13%
133/4
203A
•'
."t
26%
14
104%
-
105%
25%
9%
26
No par
$5 preferred———No par
Consol Film Industries
1
$2 partic preferred—
.—No par.
Consol Laundries Corp—5
Consolidated Natural Gas wd
15
Consolidated Vultee Aircraft
1
Preferred
10
Consol RR of Cuba 6% pfd
100
Consolidation Coal Co
25
$2.50 preferred
——50
Consumers Pow $4.50 pfd—No par
Container Corp of America
20
Continental Baking Co
No par
Consol Edison of N Y
24,300
3%
3%
Xl8
18%
9%
25%
25%
Consol Coppermines Corp
2,500
■
105'A
105
3%
3%
21% / 22
22
105
3%
18%
'
i
105 Va
3%
3%
3%
21%
100
5
98% July
Mar 8
Jan 10
Jan 11
Mar 7
% Jan 3
20% Jan 10
104% Jan 27
3% Feb 17
21% Feb 23
102% Jan 15
No par
preferred
prior
6% ft
Jan
41%
106%
45%
16
21% Jan 27
,
Oct
79%
6
39z
No par
Consolidated Cigar
73
36%
No par
30
Jan
87% Mar 10
Congoleum-Nalrn Inc
-25
Sep
37
18% Mar 9
41
Jan 13
24% Jan 3
8% Feb 23
Edison Co-
Jun
77%
3
Jan
79
No par
—
5%
Jan
89 % Jan
Feb 14
Conde Nast Pub Inc
2.300
106
preferred series—
Commonwealth
2.600
24%
24
105 %
16%
*20%
48
*46
:
24
$6
.
200
24%
24
14
16%
'
*8%
.
*105% 106
22 Va
3%
18%
8%
24
3%
105
10
,25%.
16%
*i3y2
*110
18,600
21
21
*20%
■'
25%
23%
24%
14
r:
25%
preferred
conv
Jan
84% Mar 8
80
Mar 9
37% Jan
3
105
Feb 11
40% Feb 15
14% Jan
3
% Feb
1
Credit
share
1%
40%
5% Mar
3
7
Feb
Highest
t per
6
3 /
Feb
Jan
10
100
•
—Nc par
Commercial Solvents.
No par
Commonwealth & Southern—No par
45,300
%
No par
Year 1943
$ per share
$ per share
16% Feb 26
39% Jan 25
4%%
19,800
16
100
100
Comm'l Invest Trust
5,000
23%
25%
26
87%
15%
4%
76
70
84
--No par
Co
Carbon
Commercial
5.700
87
■:/:/ 8%..
105%
3%
9%
9
21%
105
18%
9%
9%
9%
25%
,
100
v
44%
%V
25%
15%
24%
3%
3%
18 '/a
is/a
18%
*9%
&
105
43%
W
86 %»•
24:
105%
22
105
104%
3%
*100%
■<Par •-/./ $ per share
,
Lowest
Highest
Lowest
'
Pictures—T—-—-.-No par
$2.75 preferred
—
No par
Columbia
6,100
1
106%
21%
■
104%
3%
18 Va
99
21%
105
100
41
41'/a
40%
86%
15%
%
86%
*8%
mm
3%
Columbian
3.700
43%
15%
X43%
16
25%
23%
21%
*39%
41
*100% 105
.
44%
23%
8%
23%
*104%
105
18%
183/a
18%
*40%
u
*8% y;:;'9vy
8%
23%
-
300
x40%:'40%
85%
'
25%
25%
25%
25%
22%
9
89
41
.
%
85%
22%
*8%
80
*86%
5%
'
li
:
:>*78%
86
41%
15%
16
15%
85%
\
85%
44
43%
'
25%
*101%
105
43%
%
85%
85%
85%
*40%
105
80
18%
18%
18
17%
40%
15%
15%
./:%,;
u
79 3/4
,'
.
preferred series A
preferred
6%
160
86
...
'
^
Range since January l/; ;,
i
.«, .♦
;
Columbia • Gas & Elec.
'
40%
,
43 Va
43
.
A
.
'
86
17%
•
110
*105
110
*104
41
40%
40%
85
86
.
:2,000
83 %
/?
.
EXCHANGE
56,900
5%
83%
83%
83%
79%
*78
'V '40%' 41 %
40%
*40'/a
41
39%
84%
,
17%
17%
17%
17%
*39 y4
83%
■
5
5
5'/a
X5
5%
78
85
86
*84%
86
*84%
5%
5%
5ya
Shares
$ per share
t per share
t/NEW YORK STOCK
1
the Week
Mar. 10
Mar. 9
share
S per
I per share
share
S per
Sales for
;Friday
Thursday
i'
Mar. 8
Mar. 7
Mar. <»
Mar. 4
AND HIGH
Range for Previous
STOCKS
PRICES
Wednesday
SALE
Tuesday
Monday
Monday, March 13, 1944
FINANCIAL CHRONICLE
THE COMMERCIAL* &
•
16% Jan
18%
July
Jan
31
Oct
47
Oct
11%
17
Jan
Oct
81% Jan
99% Aug
27%
Dec
38
Nov
82% July
22% Aug
X66
"
•
July
9%
Jan
7%
Jan
14%
Jun
Feb
115%
Dec
92% Mar
106%
Jun
105
Feb 28
115
23 %
37% Jan
107
Feb 24
27% Feb 11
24% Mar 4
•
23% Mar
Jan
10%
Jan
25%
Oct
18
Jan
26%
Jun
100 /
106% Feb 11
Jan
107
Oct
6% Jan
6
118
Jan 12
4
16% Jan 13
115
Jan
3
213A Jan 10
Jan
Jan
47% Jan 12
6% Jan 7
17% Feb 15.
117
Jan 3
24% Mar 4
5% Feb
1%
30%
17'
Jan
14%
Nov
96
Feb
119%
Nov
15%
Jan
26%
Jun
7% May
116
Dec
45%
5% Dec
Sep
9% Apr
24% Mar
■
*14%
111%
*24
39%
,
33%
*18%
24%
24%
*112%
7%
*33%
*18%
18%
*18%
24%
25%
25
8%
8
7%
19'/a
18%
60
*56%
57%
*55
33%
*33
33%
33
32
*31
31%
40
,
31%
39%
V #39
*14%
15 %
14%
30%
30
30%
98
98
*39%
15
28%
*97%
.
*44%
44%
35%
35%
23/a
22%
55
55%
55
55
f.
121
118
®
8%
8/a
19/a
19
18%
57%
*56%
57%
34
*33
33%
31%
98
97%
97%
167/a
*16%
44%
35%
16%
44%
\
36%
55%
121
*12%
*117%
142%
,i
53%
,
126%
126%
126%
*118%
119%
118
118%
■
119/4
119%
•.iV
11%
11%
11%
11%
38%
38%
*119
8/a
163%
43%
43%
8%
8%
164
164
164%
164%
180
180
178
180
44
44
44%
44
44
43%
*17%
18%
*17%
18
*17%
18%
*17%
18%
18%
18%
39%
39%
39%
40
39%
40%
40%
41%
41
41%
10%
10%
10%
10%
10%
10%
10%
10%
10%
4
4
4
5%
5%
5%
*3%
4%
4
4%
5%
4%
*18
41%
10%
5
*3%
4
•
121
*
:
44 v
18%
41%
10%
4/a
4%
4%
98%
99
98%
99%
95
96%
94%
95%
93%
94%
93%
94%
94%
94%
94%
91%
93
91
92
90
90%
90
94%
90%
100
f'
■
*
90
42%
42%
42%
42%
42%
42%
x41%
41%
42
42
*30%
30%
30%
30%
30%
30%
*30%
30%
30%
30%
*60%
62%
62
*61%
62
61%
63
'104%
105%
105%
105%
105%
104%
104%
105
105%
105%
f
100
13%
13%
13%
13%
13
13%
12%
13%
12%
12"%
12%
13
<
98
98
97%
98
96%
97
96%
97
98%
98%
99%
98%
99%
98%
99%
97%
98%
97
98%
97%
98%
96%
98%
101%
101%
101%
101%
101%
101%
101%
%
%
y2
42,300
820
1,480
310
6.800
101
U
For
'<3MH
1
footnotes
see
page
'
If
1055.
*
104%
102
*61%
105
102
y2
18% Jan
12
19% Jan
5
16%
Feb
3
56% Mar
3
40
35 % Feb
3
17% Jan
35% July
32% Jan
31
26
Jan
33% Mar
Feb
8
37
Jan
42% Nov
15% Feb
25
52
99"
101% 101%
*^(r
.%
29% Jan
No par
31'/a Mar
par
No par
x27% Feb
16
—100.
No par.
15% Jan
,
;
-
4ft preferred—
Engineers Public Service
$5 preferred
$5% preferred——
$6 preferred
tEquitable Office Bldg-.
100
-1-1
No par
No par
No par
No par
21%
Jan
Jan
25
83%
Jan
24
10
17
Jan
Jan
35%
100
Apr
May
Oct
Dec
16% July
8
38%
Feb
45
July
4
37% Mar 10
22%
Feb
34
Dec
25% Jan
17
15%
Jan
25%
Sep
3
57% Feb
25
44
Nov
73% May
Jan
5
122% Nov
153 k May
108% Feb
17
48% Jan
Mar
3
44% Jan
28% Jan
00
C-. 95
3
r
f
11% Feb
;
i'--,
131
Dec
107%
Dec
Jan
35%
Jun
5%
Jan
10%
Dec
9
Jan
13%
Apr
115
/ 106% Jan /"T-
__1
preferred—
No par
Light 5ft 1st pfd
100
48%
17
22■
118
No par
Duquesne
3
10% May
22% July
Jan
Mar
Feb
s
No par
20
Jan
8%
100
43% Jan :.<5
No par
100
Jan
3%
•33/4 Jan
par
No par
No par
& Co
8%
16% Feb
29
97% Feb
2
17
31% Mar 10
11
No
(EI)
41
6
13 /4 Jan
preferred
Nemours
5
3
2
International
de
Jan
39
25
.
42%
63
8% Feb
Jun
122%
147% Mar 10
134
Jan
159% July
Mar 10
124
Dec
130
Xl06%
16
33% Mar 10
21
12% Feb
11
2
12% Feb
13
23
;
■;vf
Feb
7
124/a Jan
11
127
Feb
19
120% Jan
20
12 % Jan
20
9%
Nov
Feb
28
31%
Jan
8% Mar 10
3%
Jan
146%
137
118
5,400
Eagle-Picher Lead Cp—
—10
.10%
1,900 :;V ;Eastern Airlines Ino
i„;
35 •
6,400
i Eastern Rolling Mills:
i
3 / 6%
V 1.700
Eastman Kodak Co_
JNo par • 157 '
60
< 6cum preferredi
100 f: 175
1,600
Eaton Manufacturing Co
4
41
f i'
100
Edison Bros Stores Inc
2 , / 17%
• 8.500
- Electric Auto-Lite
(The)
^_5
37%
'
4,500
, Electric
Boat
__3
10/a
/
2,300
Elec & Mus Ind Am shares
3%
37.900
Electric Power & Light
—No par
4%
9,300
$7 preferred
No par
83%
e
2,800
.
$6 preferred
No par
80
*
1,200
Electric Storage Battery
No par
39%
" 1,200
El Paso Natural. Gas
3
27%
500
Endicott Johnson Corp
50
57%
30%
*61
P
$4.50
200
<
30%
61
26% Mar
3
No
Duplan Corp
Du
? 8,300
42%
61
3
5% Jan
$4 preferred series A—No par
Dunhlll
•'
:
119%
4
4
5%
4
20% May
17% Dec
17 % Jan
/Dresser Mfg Co——No par
15,000 ;
"■ '
127:.--•
44
43%
.-
Jan
Dow Chemical CO—
8%
11%
38%
8%
8%
i
164,
165".v. <
179% 179%
164%
180
%
>
:T-
*38
8% ."fx 8%
8%
v
;
,
12%
11%
38%
*177
12
7,200
r
147%
f:/, 146
11%
38
'8/a
12
Dome Mines Ltd,
:
'
,
*
38
180
11%
-.127
U /a
162%
33 %
*12%
119%
38
*7%
108.%
33%
127
11/a
162
121%
*117%
38
*177
r
120
121
11
8
24
108 %
>
,12%
38
180
Mar 10
17% Jan
50
20
4,500
;
10%
162
X20
Doehler Die Casting Co
600
38
8
17
Sep
10
Class A
200
:
10%
161
36% July
/Douglas Aircraft
38
"177
Jan
Jan
July
—100
1,200
2,200
146%
146
*126%
127
'
;;
1
*117%
*126%
<
2.300
11%
*118%
■
•.
37%
!
11%
146%
200
16%
44%
37
>
33%
121
29
preferred
«
121/a
145
,
■
108%
*11%
13
Distil Corp-Seagr's Ltd,
preferred——
Dixie Cup Co——;
r
200
•
partic
'
32%
*117%
6%
54%
108%
12%
35
Match
54
120
11%
1
Reynolds A
55
121 '/a
32
32% Mar
Hudson
23%
108%
12%
121
145
55/a
—:
23%
120%
12%
143%
*23/4
11%
97%
16%
v./. ;'
*108%
12%
,
37
23%
31%
13,400
»
*44%
16%
44%
*36%
54%
'
15%
31%
*97
:•
x44%
23%
23%
55
16%
:/
'<•:
43
Diamond T Motor Car Co__
'
44%
35%
98
Diamond
.3,500
15%
30
15/a
Devoe &
300
39%
•
30
*126
126%
*39%
15 %
11%
141%
141%
*31/4
39%
29%
32
*117%
121
31%
570
\
•
Jun
24%
Jan
Edison
700
34%
116
Jan
Detroit Hillsdale & S W RR Co__100
56%
108% Jan
8
Mar
113
10
8,300
34%
Jun
26
18,200
*55
Mar
19
9
8'A
34
19
Jan
26% Mar 10
Deisel-Wemmer-Gilbert
Detiott
Oct
Jan
12
40% Mar
19/4
8 Va
19
7%
17
8
Delaware Lack & Western
.8/4
17
Jan
14
Jan
5
iDelaware
19%
xlll% Feb
3%
1
Mar
7
15% Mar 10
20
4
21% Jan
600
15%
121
12%
•;■•
.
13% Feb
.
14
37% Feb
19,600
&
4
Jan
—No par
——20
'
32
*97
Preferred
300
pfd
Inc
Co—
<
31/4
W:
-
25%
30%
108%
*12%
5
7,400
&
20
15
31%
12%
*3%
Records
Deere
25%
29%
22%
12/a
10%
Decca
Xl8%
15%
108%
11%
\
33%
40
121
11%
43%
2,100
6/4 Jan
20
-
1
100
1
(The)
33%
.
57
*55
31%
39%
35%
/V >:
11%
*
20
i
40
Corp
Dayton Pow & Ll 4%%
'
26%
*39%
31%
40
32 %
30%
119
8 %
8%
19
Chemical
Davison
3,700
'
18%
24%
108%
108%
118%
15 %
25%
X18%
25%
30%
118
3034
*125%
18%
24%
*108%
118
141
*18%
;
,
*32%
30%
*16
V-.
108%
*117%
33%
25%
*44%
i
23%
*12
39%
40%
33%
''
22%
.
40
34
30%
*97%
16%
*16
35%
35%
.
98/a
16%,
44%
26 Zs
40%
*33%
Davega Stores Corp8
5% preferred—1———25
200
6%
22
114%
*113
26
15
44%
*16
14%
114%
18%
:
18%
*56%
*31
26
40
*18%
14%
14%
*113
26
34
8/a
19
*33
*39%
14%
113
*6%
,
22
*19%
25
39%
6%
6%
;
•
18%
25
18/a
v
33%
6%
22
113
24%
39
39/a
33%
14%
113
24%
39/a
:f
*19%
14%
14%
24%
*6%
22
*112/4
113
24%
.:
39%
33%
14%
14%
14%
111%
6%
*1^
22
*19
22
*6%
6%
*6/2
6%
6%
*19
Feb 28
Jan 27
Jan 3
Feb 7
Jan 24
Jan
3
Feb 24
Jan 4 ;
Jan 3
Jan 4
Feb 4
Jan 13
Jan 19
Jan 8
Feb 7
Jan 25
101% Jan 19
8% Jan 3
87 Jan 3
89 Jan 3
92% Jan 10
-%Feb 26
39
I
Oct
Aug
121% Sep
115% Dec
11%
Dec
44% July
.
.
8% May
Jan
170 •; May
Jan >7
xl73
Sep
184
44% Mar
8
35
Jan
45% July
18% Jan
4
11%
Feb
19
165
.
183
Jan
10
8
30/8
Jan
11% Jan
22
8%
4% Jan
10
V.
Nov
41% Mar
1%
6
1/4
31/4
Jan
Jan
4
28%
43/a Feb
28
33%
Jan
307/a Feb
94% Mar
26
23%
Jan
Mar 10
49%
Jan
105% Mar 10
101%
Dec
2%
Jan
63
13% Mar
3
Mar
5% May
Jan
3
Sep
39/a July
14
Jan
5% Mar
99% Mar
Jun
6% May
92
>,'
Nov
88 %
Nov
42%
Sep
x32
Sep
58% July
103%
Dec
9%
Sep
98% Feb
28:
54
Jan
92
99% Mar
6
57%
Jan
92%
Sep
Mar
3
62%
Jan
96
Dec
12
/4
Jan
102
% Jan
Sep
1% Mar
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4263
Volume 159
NEW YORK STOCK RECORD
STOCKS
tOW AND HIGH SALE PRICES
Saturday
r:.v
Mar. G
V.
Wednesday
Mar. 9
'
$ per
share
11%
11%
s>
12
12
12%
11%
11%
11%
11%
52%
52%
■52%
52%
*77%
82
*6%
*77%
7%
*12
12%
26
*33/a
71/4
7
11%
533%^
*■7%
:
26%
X251/2
25%
26
26%'.
3%
*3%
37/e
13
26%
26'A
261/4
26'A
3%
3%
33/i
3%
38
3%
A
:
:
Evans
4.000,
12%
12 %
Eureka
9,200;
12
3,300
:
Ex-Cell-0
33A
Products
Co———
Exchange Buffet Corp
400
4
3
12% Feb 24
6% Feb
10
10% Feb
8
$ per share
8% Jan
54% Feb 11
78% Feb 15
13
4
213A Jan
8
Feb
23
16% May
16% May
Jan
52% May
78
:68l/2
Jan
3%
Jan
9%
Jun
7
26% Feb
2% Jan 25
Jan
8
39 Va
5
Jan
13 % Mar
3
Highest
I per share
93a Jan
—3
.—2.50
Corp—
I per share
46% Jan
3
78% Feb 15
No pat
-«..._....100
50
Cleaner..—._.—5
Vacuum
Lowest
9% Jan
Erie & Pitts RR Co...—
:
7%
Year 1943
Highest
I per share
No par
A; Ctfs of henef
5% pref series A
2,500:
:/
12%
13%
Range since January 1
Lowest
Erie RR common-.,
19,000
,
82
Range for Previous
STOCK
Par
5.200
12'A
12%
*3%
12
53
*79
80% /
7%y
7%
7%
*71/4
121/4
11%
121/a
YORK
EXCHANGE
Shares
12%
53%
*79»A
82
NEW
the Week
,
t per share
121/4
53
53%
53
*77%
-
13
*26
3%
*77%
7'.
12%
26
12%
52%
82
12%
11%
11%
12 »/4
12%
12%
12%
52%
;
82
*6%;
'/
-■•
Mar. 10
share
$ per
$ per snare
$ per share
per share
Sales for
Friday
Thursday
Mar. 8
Tuesday
Mar. 7
Monday
;
Mar. 4
5% Jan
14%
Jun
24
4% Feb
20
Nov
%
5
Nov
29 % Mar
Jan
3% July
F
•
37%
35%
36
36%
36%
36%
23 %
23%
23%
23%
23%
11%
12%
13
13
23%
13%
/
23%
12%
23%
11%
38
-•37%VZ
37%
13%
Fairbanks Morse St Co———No par
2,000
23%
23%
13 y:
131/4-
Fajardo Sug Co of Pr Rico—-20
4.400,
17%
17%
101
*100%
,a
17%,
101
171/4
17
17 %'
-100%
•
*19%
20%
*1978
20%
*18%
19
*18'A
18%
/ 61/4
6
5%.
20%
,
101
«100i/4
20%
18%
6%
5%
-
19
6%
*23
23'%
23%
23 %
23%
23%
23%
94%
94%
941/4
941/4
94
943A
17%
17%
18
46%
47
39%
39%
40
106 3A
106%
107
38%
38 %
■
47%
47,
40%
40%
v4 38%
38%
38%
„
47ye
413A
39
'
-
38 3A
233A
18%,
22%
21%
108
A;
*35%
*105%
;
108
sk
36%
*36
23
107
*40%
36%
29%
;
.
;
/
108
*1053/4
*36
29%
99
231/4
X22
22%
108
*28
36%
*28
22%
*105%
A
Ferro
413/4!
23%
:
*36%
:
8
,
8%
55%
55%
A
7%
8%
8
200
12% % 12%
A
13%
13%
57
56%
56%
X. 58%
56%
19%
19
19%
,19%
22
*55%
19%
22
22
y
i
*21%
v.y-
15
15
15
*85 A
95
*85
*31%
32
v-
*31%
31%
31%
107%
107%
3%
3%
34 3/4
y
•
:
Jan
24% Feb
3
17
Jan
Jan
27
38% Feb
8
,—100
105% Feb
21
—No par
-No par
35% Jan
19% Feb
4
9
—No par
104% Jan
13
preferred
No
49
Jan
41% Mar
107
19% July
105 % July
18%
Dec
12
13
Feb
8
29% Apr
18 Va Dec
■'
3% Jan
15
21
Nov
Jan
Jan
14
6V4
Apr
a*
Jan
25% July
78%
1
18% MarlO
3
45
67/a
86
3
98% Feb
5
^_1
Jan
12%
Jan
98% Nov
19% Jun
6
42
Jan
50% Jun
9
25% Jau
43
39%
Mar
39% Mar
9
31%
Jan
23?8 Mar 10
July
6
Jun
15%
Jan
106% Jan
7
977/8
Jan
109
July
36% Feb
3
25% Jan
36
Jun
29% Mar
1
19% Jan
28
22% Jun
34 % Jan
13
—No par
24% Jan
3
6% Jan
48
Feb
11% Jan
4
8%Mar
8
3%
Jan
3
58 3/4 Mar
7
30%
Jan
5
13% Mar
9
9%
Jan
13% July
5
57 Vb Mar 10
39%
Feb
54
19% Mar
2
10%
Jan
19% May
7
163A Jan
Food Machinery Corp—Foster-Wheeler Corp
.
par
10
.—-—10
53% Jan
16
Jan
18
20
6%
Jan
4
22 % Feb
prior preferred
——25
Francisco Sugar Co—--—-—No par
F'k'n Simon Si Co Inc 7% pfd—100
31%"
Freeport Sulphur Co—_——10
J.3% Jan 13
70
Jan 15
30% Jan
3
33% Jan
Fruehauf
29% Jan
35
v,
15%
108 a52
108
-
93
6% Mar
4
95
;
-31%. :
34%
-
V
A107%> 108
22
15
f
Corp—
Jan
22% Jan
Food Fair Stores Inc———1
<
19% i
95
32%
34%
107%
95
^32 y
32%
107%
/■,/
15%
151/4
'571/8
a,:/ 21%
.
*86
•
31%
,57%
19
22
22
A
15%
95
31%
.
•'"
No par
—100
A
*13% /13 %t
19%
*12% r 13
20 3% Jan
5
Mar
May
11 Va
Follansbee Steel Corp——
10
5% conv preferred-—
—100
58 % r
58"
3
Dept Stores
preferred-—
Florsheim Shoe class A
*7% y-sy/A
;y
58
58
58
4
17% Jan
42
28
Nov
8% Nov
17% Feb 24
21
19% Jan
Florence Stove Co
29
'
8
*54%'
18
Jan
—2
—No pot
First National Stores
Flintkote Co (The)—
$4.50 preferred——.
13,800
f
37
*284
;
29
14% Jan
100
—10
4%%
1,000.
23%
17
101% Feb
203/4 Jan
conv
Enamel
7
14% Jan
Fidel Phen Fire Ins N Y—$2.50
2,200
'
*1053/4 -108
36 3A
*36%
A *28
30% Nov
21
8
24% Jan
3
Firestone Tire & Rubber—
1,600
10,300
41%
1-107
4%%
1,800
473/4.
•
39%
Federated
230
18%
y-y
Federal Motor Truck
'
*105%
Mar
14
——5
Federal-Mogul Corp—
1,200
93%
' 47%
:? X-AVX
107
*106%
16,400
23%
•
18%
411/e
A
■
41%.:
107
107
107
47
18%
47»/8
181/a
18%
,vl8%."
500
-63/b'
r
93%
■
:
'
*46%
38
3
Feb
93/4 Jan
—No par
Federal Mln & Smelt Co_
.300,
18 3/41
,
$6 preferred
50.
-
20%
18%
6
23%
95
1,000
1001/4
2oy8
:
61/4
*94%
17'A',
lOO'A
/
19
6
.
;•
20'A
*19%
19
"*161/4
171/4
*16%
■
100%
100%
V
x22
Farnsworth Televls'n & Rad Corp_l
Federal Light & Traction
—13
31,700
■
'
33% Jan
'
5%
Trailer
conv
Co.
—1
preferred
-100
107
15% Mar
95
4
5%
Jan
4
Feb
4
Mar
21
Dec
May
Jan
15%
75
Sep
38% July
299A Dec
17
Jan
96%
20
Dec
Feb
50
15
MarlO
110
Feb 23
7
MarlO
Jun
9% July
53
Jan
Dec
31% Jun
110
Aug
G
3%
25%
■.
25%
26 Vb
*17'A
17%
5%
*52%
5%
5%
5%
13%
13%
•
25%
17%
*13%
13%
*13%
14
54
5'A
•
14%
25%
■
17%
•
.3%"
xl4%
15%/'
16%
25%
17%
A- 3%
15%
15%
15%
15%
•3%
4
33/4 /:
3%
.
15 %
3%
33A
.
*52%
53%
*53
53%
5%
14
:
25% :
•I
;
5%
53%
'
*53
1,400.
5%
11%
11%
■<:
11%
11%
106%
11%
•*1063,4
107%
11%
106%
-
106%
12 M>
11%
-
•107
11%
107
„
Gamewell
Gardner-Denver
900
..45' VA46*
.
8
8
*146 B
■
10%
5%
■
'
12,206i
121/4 s :
'106%
107%/
'.•46'A
46'A
5%
26'%
:
r,
4PA
2%
A
115
'
200
42
,
*106%
:
131%
*130
42
2%
'
10734
130%>
•
130%
42%.,
.>
'
2%
116%
107%
130%
107%
'
2%
*114%
*
115
*107
i
-
;i4% 114%% : *114
■
.
116%
*115
.
:
2%
.
109% %
130
*128
42%
2%
i
'
v
42%
2.400
i
13,200
109
130
£
A/
v
55%'
56
55%
128%
128%
56
.? 128A * 129
•
56
' v
128
A
•.
A.
56%
56%
"*:
128
128
.
58%:;
129%
57%
.
58%
128%
;
128%
':
57%
■
46
'
46
46%
•
'
,
46%
7%
7%
46%
:
43
X43
46% V
x634 ;;;■
VA
"7
'
19%
19%
20
*19%
■
'.128%
-128
-
*42%
,
(
2,300
.
preferred
—No par
20%
20%
20%
20
——No
par
——-——No
par
1,900
c
Gen Precision Equip
1,700
40'
General Printing Ink-..
'
*1%
■a.
115
17%
*55
83%
'
■
83%
84%
*24a'4
21
-
■v
:
20%
102 3%
*100
102%
*101
20%
20%
20%
20%
-
21'A
*112
115
*112
17%
*101^
24%
24%
Corp—-No par
—1
—No par
22
22
*112
115
21%
115
preferred
-
22%
22
22%
101
101
102
9%
93A
77%
77%
77%
77%
77%
810
1,300
22
12%
12%
12%
12%
12%
123/4
12%
12%
T234
88
88
88
88
19%
19%
■:
800 /
223/4
*101%
1013A
10
9%
■k 9%
6,400
•4%%
-
5,800
Gillette
78
79
79
1.100
$5
12% y
A
123/4.
12%.
7,100
9%
Telephone
''v/.;
*87
88
*10%
19%
19%
19%
*48
50
48
48
%
1%
%
1%
*1%
3%
3%
3%
*97%
99
99
'43%
102
44%
44'A
•102%
109%
109%
•
11%
11%:
111/4
*104
104
104
106
109 3/8
109% '
*109%
11%
11%
*103%
48
VA
33/8
45
A
100
.
41 %
109%
109%'
11%
11%
104
106
*47%
l'/4
*3'A
.
20
■sqo
45%
;
100
X44%
•42'A
451/4
1023/8
102
1023/4
41%
109%
12
^
99
-
443/4
42 %
106
109%
.A"-.:
12
106
■
•
1,300 /
A
9,000
50
;
(B F) —
-No par
5 % preferred—
-No par
Goodyear Tire & Rubb
—No par
$5 conv preferred——-No par
Gotham Hosiery
—,—No par
Preferred
—100
1%
1%
1%
1%
y
1%
1% A
1%.
1%
1% y
3%
4''
12,000
'
=•
4
4
4
*15%
15%
15%
10
9%:
■
*15%
16
9%
101/4
35%
*34%
243/4
*24%
■
15%
15%
'
29%
29%
27%
*4%
;>
34%
35'A
35%
35%
35%
*24%
24%
24%
24%
15%
15'/»
15'A
15
!
15%
30
29%
30% A
29%
28
28%
28%
150y4
150 »/4
62
*56
*60
62
29
28
150'A
62
-<a
28%
149%
150
*58
62
,
*45%
45%-
45%
45%
46
46
21%
20%
21%
21'A
21%
20%
35%A 35%
•
*24%
11%
*11%
11%
ll3/a
11%
12%
*121A
>
4%
12 %
*121/4
4%
VA
134
134
y
41/4
4%
134%
134%
"
12%
4%
143
11%
12
41/4
139
9%
9%
VA
91/4
93A
9%
42%
43 Va
43%
43%
43%
44%
43%
45
45 %
45
45'A
443A
451/4
*27%
*36%
9
9
9
43
43
45%
45%
*27%
28%
28%.
28%
*273/4
29
*36%
37 Va
37%
37%
*36%
37
•
29%
12
41/4
142
9%
.
3,500 y
1,900
•
4,300
9,100
62
-
12
.
43/8.
141
11%
12
'4%
141
r
,
:
900
.f
1,400
f
'500
■
.
9%
i
12,600
443A
,
•3,700
*5
x44%
44%
443A
453/8
•
9,500
Gulf
29
*273/4
29
*28
29
,
100
37
36%
36%
*36%
37
..
30
3
Dec
-
July
120%
Dec
%
Jan
107%
Sep
Feb
18
128%
Nov
137
8
44%
Jan
58% Mar
11
125%
8
17%
Jan
73/8 Mar
4
Feb
4%
.
16
16
'
*15%
12%
13
*12y»
*106%
109
*1061/4
For footnotes
see
.
16:
16
131/4
page
12%
*106
109
1055.
16'A
12%
107%
16%
13 3/8
*106
16%
13%
107%
*16
I31/4
>106
161/2
131/4
107%
16
*12%
*106
16%.
13 y8
107%
1.900
900
Hackensack
•
7%
103 s/8
Jan
Hall
6%
3a
Jan
2% May
17
12%
Jan
25% May
115
Aug
113% Feb 26
Co
%
21
31%
Jan
59
22% Jan
4
15%
Jan
23% Mar
4
17% Mar
8
97/a
Jan
15%
1
88% Jan 22
15
25
6
22
110
8
Mar
Mar
Jan
Feb
91
24 Va
108
Jan
Sep
Dec
July
Jun
233% May
Dec
.
113
Jan
25%
14%-Jan
Jun
25
VA
9% May
Jan
Feb
26
79 % Feb
18
Feb
3
5
Jan
14%
9
59
Jan
85%
143/4
Jan
22% July
41
Jan
48
13
19
Jan
7
4
20% Jan
2
3
48
Mar
1% Jan
3% Mar
4
3
7
100
3
8
3
3
104
Feb
45% Mar
Feb
14
2
12% Mar
105
100 % Jan 25
£ / ' :■/ A-/A
Feb
a
•fir Jan
10
May
Sep
Oct
Jun
1% May
1
1%
Jan
3% May
18
73%
Sep
97%Aug
45% Sep
24%
8
Jan
41% July
90%
A
Jan
25 Va
8
Jan
83
8
17
42 % Mar 10
109% Mar
74
60% Jan
Jan
108% July
9% Apr.
4% Jan
80
19
102
Oct
101% Dec
Jan
.
3 :
3%
Jan 13
A;
17 Va Jan
10% Jan
Mar 4
17
Jan
3
Jan 13
Jan 27
Jan
4
Jan 26
Jan
3
Jan
Jan
Apr
17
July
13% May
29
24 3A Mar
Mar
8
150% Mar
2
Vis Feb
37
24
36 % Feb
29
6 3/4
Dec
8
73/s
4% Jan
,
2%M&>
f| Jan
1% Jan
Dec
26
Sep
July
13%
Dec
18
Apr
21%
Jan
32% May
23 %
Nov
138
27%
Jan
154
Jan
Dec
65
Jail
•
3
57%
Sep
50% Jan
5
31 %
Jan
50
Sep
22% Jan
24
14 V«
Jan
21%
Dec
14
11
Jan
13% July
17% May
67
Feb.
12% Jan
12% Feb 24
4% Mar 10
10Va Nov
5
Jun
160%
Jun
2% Jan
8
81%
Jan
10 V4 Feb
17
3%
Jan
143
Mar
10% May
'
41% May
Jan
3
45
Feb
17
25%
Jan
44% Feb
8
46% Jan
5
44%
Dec
27% Feb 21
25
23
——10
No par
15%
8
10
1% Jun
16%■ Jan
14
102
Jan
Jan
60
9
22% Mar 10
883/4 Mar
28% Jan
12
22%
Feb
28%
35
Jan 20
15% Feb 28:
12% Feb 28
37 Va Mar
35
Jun
38
12 V*
Jan
9%
Jan
Apr
18% July
15% Jun
104 Va Mar
110% July
33
—25
—
Mar
20
Jan
43 V4 Feb
pn*
preferred—————100
xl04
1% Jan
57
24% Jan
3
1433AFeb 15
preferred class A—
Printing
Nov
5
Jan
23
31% Feb 24
Hamilton Watch Co.—.
112
13A Jan
13
3
Water
24% May
8% Jun
Jan
9
Nov
6% July
Jan
5
Mar
25% Jan
Corp———
13%
15
Feb
8
"
Oil
39
2V4 Jan
20% Jan
108
6% pfd—No par
—No
July
56
July
131% May
Nov
46% Mar
130
31
-—No par
44% July
119% Sep
1% Aug
93
15% Jan
nrpferred——-
Jan
113% Jan
1
83
3
Gulf Mobile Si Ohio RR
9%
44%
Nov
39% July
5
14
19"%
HVs
11%
3%
123
6'A
148
21
Jan
60
98% May
32% May
Jan
131
10
Feb 26
Jan
3
Jan 12
Feb
Jan
Jan
Jan
Feb
Jan
Jun
Jan
120% Jan
Jan
24
No par
——-100
34
Aug
110
11
4
14% Jan
——
20%
Dec
Aug
8% May
18% May
■130% Jan
?«)% Jan
6
Ore Prop—No par
—100
Green (H L) Co Inc—
——I
Greyhound Corp (The)—
-No par
5V2% preferred——.
—10
Grumman Aircraft Corp1
Guantanamo Sugar————No par
'8% preferred
—100
44
5
43% Jan
J&r\
1% Jan
•
900
6
9V4
713A Jan
8
18
Jan
373A Jan
3
3% Jan 20
15 % Feb 28
93/8 Feb
8
32% Jan
3
—20
preferred——
Preferred-
12,500
ll3/8
v;.'...;
Green Bay & West RR
1.600
21%
7V-: y.7
•:.-
Great Western Sugar—
80
47%
21
;
•5%
Great Nor Iron
150
47
7
Great Northern Ry
13,100
28
28 V*
149% 149%
.
,
Giaham-Paige Motors—
—i
Granby Consol M"S & P——5
Grand Union Co—
-—No par
Granite City Steel——
No par
Grant (W T) Co—
———10
AV 200 /
25% A
30%
*
113%
400
-15% A15% {■
21%
133%
,
•
*58
45%
*12
4%
136 y2
16%
10%
-
:••'
1,700 /
:■
•16%
29%
/
11%
12%
12%
;
10%
v
»ioy8 >10%
45%
>.
*11% A11%
*134
"A.
20%
46
20%
20%
10%
4
16%
24%
150 A
149 y2\
149%
*56
60
60 /
*45 Va
"
27%
27%
27%
150%
10%
*3%
*16%
29 3/8
29%
149%
10%!
A'y
V
/
24%
15%
29
'4
16
15%
24%
15%
3%
16
34%
35%
*34%
*24%
•
/
10 a
4
16
——
——
;
1%
28% Feb
147
3
36% Feb
104% Jan
8% Jan
•
•
v
-
973/4 Mar
4
.3
46
1
23/4
85%
40
98
Goodrich Co
1.000
24,500
109% A
11%
*104%
—-50
preferred
(Adolf)——
——
1
Brewing Co———1
Gold & Stock Telegraph Co——100
14,600
.
-
conv
tGoebel
20 y
y
45%
'
4% %
151
Jan
18% Jan
Gobel
1,700
•2,100
1023/4
'41%
1093/4 •:
11%
*104%
13/s
3%.:
102%
;
42
109%
12%
,104
99 '
-
y 400
49% f
1% :!
X3%
7%
Mat
Jan
x83
No par
Glidden Co
2,900
-
8
15
Jan
11% Jan
No par
$6 preferred—
(The)—.
300
90
19%
r
.
1%
102
41%
*88
■
-
x48
3%
*98
:
102%
40
40
20 3%
31/4
:■
45 %
102%
393/4
39%
39%
100-
88%: /
20
*1%
3%
*91%
100
88%
20
50,
*48
.1%
3%
*101%
'43%
43 %
*101
.
19%
;
50
VA
1%
3%
A,
*48
;
90
*88
No par
Gimbel Brothers———
Jan
Jan
99
Feb 17
7% Jan
3
69
Jan
6
——No par
preferred
11%
.51
Jun
9% Jun
Jan
3
Feb
Jun
Apr
Apr
107
Mar
2%
19 % Feb
100
preferred
53/4
134
8
117
19
110
Safety Razor——No par
conv
19
5% Mar
22% Jan 20
'
■
Jan
Mar
11
Jan
3
Feb 24
14% Jan
82% Mar
Corp—
20
Gen Time Instru Corp—
No par
6% preferred
—
—100
General Tire & Rubber Co—
5
General
-
22%
-
102
77%
•
82%
24%
6%
53 %
Jan
4%
Jan
3
Feb 16
1% Jan
General Shoe Corp.!
——-—1
Gen Steel Cast $6 preferred—No par
22
221/4
*101%
93i
77%
10-
1,100
81%
22
22%
9%
9%
173/s
*112
77%
9%
General Refractories
6%
2
4
Oct
143/4
Jun
10% Mar
9
20 Va
113
1"%
'■ 51%
20%
No par
2,000 A
X24%
83%
*112
.
22 %
173/a
;•
25
*21 Va
200
56% n
Jan
Jan
Jan
8% Jan
147
19% Feb 16
6% Jan
3
Jan 12
No par
-100
1
—No par
Gen Realty & Utilities.
$6 pref opt div series
13,800
51
3
107
10c
Gen Railway Signal-.—
6%
1%
-
Gen Public Service
800
5,900
.
preferred
22
';
25
24%
9%
9%
$6
115
*55
22
77%
1;'
-
1%
1%
56%
.
83
24%
21%
*20%
-v
115
A
23
*111%
-
17%
24%
21
1%
22%
•
1%
21%
84%
24%
*112
AA
22 Vz>
7%
109
•
17%
17%
•:
1%
-
1%
55
55
*1%
*107%
y
*111%: 115
1%
' 24%
•
.
73A
7%>
108
'
/ X22 y»
*20% ■a 217//
*20% 721%
17%
1%
1%
55
*53%
108
22
*113
1%
*1
'
2i y2'
115
*113
109
t
1%
1%
22
73A
7%
7%
*107
109
*21 %
.
7
7%
'7%
*107
Jan
9% Jan
2
Jan
128 % Mar 10
51% Feb
4
125% Jan 28
363/4 Jan
3
4% Jan
3
$5
3
3
23
12% Mar 10
8
Ju n
4Vs May
Jan
5 % preferred—;
—
100
General Motors Corp^————10
Common
30% July
2 % Feb 10
:
Gen Outdoor Adv A
Jan
37
Jan
;
19%
102
Jan
,
5
4%
6
14
115
4,800
14%
31
102
1,400:
l\
6%
Jan
46% Jan
General Mills———No par
.
Jan
107% Jan
).
50 i-.
Jan
1%
9Vb
2
4
41
114
47,000 y
44%
63A
6%
11
Jan
General Foods Corp—*—No par
-
7%
7%
7%
7%
Mar
4%
11%
81%
26%
'
46% 746%
•
Feb
54
v.'$4.50 preferred—--——No par
Gen Gas & Electric A—
No par
A $6 conv preferred series A-No par
30 y V
58%
5% Mar
14
35
'
A-
3
General Electric Co—No par
r
Jan
3
:
.
400
128% 128%
109
'
29
17% Mar
1
—100
No par A
—100
140
—
<
120.
*115% 116% i-:
110
.
28,100
',
23A
2%
.
10 /
U4A'#'
114
A
115 Av
*108
130
^ r,
/
115
»
»
109%
A
114
-2%
.
:
42%
42%
114
114%
: 7%
cum preferred
General Cigar Inc_.
7% preferred—.
1,500
7
143
Feb
63A Jan
No par
:
—
10
2%
7
22
433/4 Jan
3
7% Jan 24
.
Class A
Feb
106
General Bronze Corp———
5
General Cable Corp--——No par
*
15 V4 Jan
10% Feb
—No par
General Baking———-—5
$8 preferred
-—No par
:
1,130.
'•■•s
J
v
30
3,50b;
\
36%-
-
.
5,300
'.
,
-27%;^
M48
36%
,
.
<•
5
13% Feb
51
Jan
Gen
7,900 A
.•
96%A:y
•
27 y4
X35%
:
143/e':
148
*146-
^
t
——1
$6 preferred—
-—No par
Amer Transportation
5
•
7,600
•
V:.
9%
5%
•
973/4
97 y
*26%
42%•
.
2%
115
107%
-*130
A
27%.
V
14%
*143/8
,
95%
:
146
9%
5%
25
3
4
16% Mar
4% Jan
par
Co———No par
Gen Amer Investors—
r
2,000
'
1
81/4«
:
146
/
53/8
5%
36
115
•
2%
-
8y8
/
93/a
148
:
41%
41%
r.
^
2 m i:
■
115
115
27%
7%
*145
35%
41%
115
>:/■;
,
*144%
35%
*114%
"
94%
?■
•26%
146
35 3's
81
10
•■'•■14%.: 14%:
14%
%■■■ 94% i 95
*144%
.
46 !A
46
-
146
.9%
.
5%
14%
7%
146'
146%
10
A
;44%-. 44%
-
A0
(The)—
2% Jan
2% Jan
12% Jan
Gaylord Container Corp
x—5
5%% conv preferred—————50
*
44%
*44%
,
Co
-No par
—1
—20
Gar Wood Industries Inc,
<
'
*106
530
-7,400
/
53%
.
—
——
500
•,
13% m
-
(The) cl A—
Gair Co Inc (Robert)^
7 :
6% preferred
13,200
•
17%;
13%
14
,
*53
Gabriel Co
1,300
261/4!
*17
5%
53/e /:
A
3%
.
106% Jan
6
6
163A Mar °8
14
Jan
17
107% Jan 24
50% July
Sep
:
yy'y y
'
Monday
Saturday
$ per
*
S
share
106 %
Mar. 7
Mar. 6
Mar, 4
106'A
106%
107%
16
16
16
*143
144
7 Va
7%
2%
2%
v-<
101%
101%
101%
*158%
*26!
~J
■
*158%
;
134
*63
"66
;
p
118
15%
15 V'4
41%
*133%
135%
*133%
135%
V
21%
*36 'A
38
15%
14%
15
14 %
15
15%
yM is
14%
62
8%
112
15%
8%
32%
32%
1%
1%
1%
8%
25%
26
26VA
26
15%
16
15%
16 %
15%
26%
15%
35
35
35 m
34%
35%
*34%
34%
34%
56 A
*54%
55 %
*54%
*12%
12%
12 'A
16%
40 VA
*97%
99
160
•158
.
70 Va
"71*%
2
2
Va
15%
5VV : 'Ay
■
*5_
14%
14%
69%
*8%
8%
*71%
72 V«
*14
.
:
16
68 %
68%
16
69
5 Va
27%
15%
15%
16%
71
73
73%
74%
8%
Bs/a
71%
71%
71% '71%
3"
37VA
37%
16 Va.
8 V'i
:
73
■
:
69%
Ve
120%
13 'A
13%
33
12%
7f
*13'A
13%
16 Va
16%
16%
15 Va
*15%
16%
30%
*121A
600
74%
8%
74%
320
69%
•
1,300
4.800
1,400
300
31
400
31
*123%.
*
>
37%
13%
%
*102%
18 VA
'*17
17%
V;
*110
112 V2
110
112%
*21
21%
*102%
*17 Va
112 V A
21%
22
22 Va
15%
15
15 VA
*112
113Va
10%
10%
13%
13%
13 VA
102%
18 Va
22
15%
15%
113%
*112
15%
"yv.
104
31
30%
31
20
20%
20%
20%
20 Va
20%
20'A
20%
20%
*31'/a
32%
23%
23%
4%
58%
60
23%
24
24
23%
23%
23%
9%
*8 V'4
9%
*8%
9%
31
30%
30%
30%
34
34 Va
34%
30%
31
30%
30%
34
34
33%
34
66
28'%
*18%
19 3
*39%
39 7 8
9%
*22%
8
9%
22%
6%
6
30%
*34
12
12%
12%
12%
12%
12%
65 '/a
65%
66 %
67
67
67%
67%
%
*27%
28%
28%
28%
28%
28%
*28%
19%
20 Va
20%
40%
19
19
39%
39%
9%
22%
V'4
*18%
9%
22%
19V8
19%
40%
40 Va
40%
9%
22%
'116
116
6%
19%
40%
6%
6%
1 %'
1%
1%
1%
19%
19%
19%
20
31
30%
*18 %
30%
31
18%
18%
19
19
36%
2634
36%
36%
1%
36%
9%
22%
117
6%
6%
9%
9%
9%
23
23
117
*116
6%
6 Va
5%
1%
1%
201/4
20
21%'
31%
31%
31%
19
19
19 Va
38
«37
30%
30%
31
19
19
19
19
36%
37
37%
7 >4
7%
7%
41%
40%
40 Ta
40 %
40 V'2
44
44
*37%
.
page
1055.
7%,
*40'A
38
45%
44%
44%
44%
7%
7%
7%
7%
7%
41%
41%
41%
*41%
42%
1
footnotes see
41% Jan
14
32%
Nov
Feb
3
86 %
Nov
100%
Jan'; 7
158%
Apr
168
:
3
99
Mar
6.
162
71% Feb
3
3
■
11% Jan
>•
9% Nov
5
Apr
July
78% July
15% Apr
Jan
8% July
7
6%
'21%
Jan
2
106 y
Jan
115
Mar
8% Jan 21
6
Nov
9
Mar
2
6
Jan
9% Apr
5
144%
Jan
56%
Jan
34% Jan
26
27
Mar
113
3
27
29
Ton
V' 19% July
44% Jun
24
8% Mar
28
Feb
62
76% Jan 20
8% Mar
174:
Jan
i Jan 31
74
1
ITI'U.
OQ
Tan
10
Jan
162
38 %
July
177
Sep
74%
177
Jan
Jun
July
45
City Southern
preferred.'
non-cum
conv
Dept Stores—.'
preferred...
Class
B
Kimberly-Clark. Corp
Kinney (G R) Co
...
$5 prior preferred
Kresge (S S) Co
A
Kresge Dept Stores
380
(S H)
24,200
:
2,300
900
V
1,100 '
3,900
35A00
600
20
55%
Jan A yy 67
5% Feb
21
3%
28 Va Jan
17
Feb
14
134
3
Jan
74'/a Mar
Jan
16% May
6%
Jan
16% May
15
18
"•
y
9
79
9
125
July
Aug
92%
Dec
78
34
109% Aug
99 Va Mar
Jan,y
,
Sep
136
;
July
79
Aug
-
,
19%
Jan
26%
Apr
8
54
Nov
65 k
Apr
8
64%
Dec
82
8V4
Jan
7
xl2%
Jan
Feb
25
121
Dec
5'A
5"
'6
Feb
10
105
83
11'A
Feb
22 Va Mar
8
14%
8%
Jan
15% Mar
7
.
Jan
7
28%
5Va Jan
,
24% May
16% May
113
Jan
15'/a
8
r
Jan
102
19
33 Vi Mar
4 "/
Sep
Dec
Jan
32Ve Jan .5"
20% Mar 8
Jan
.A 35%
Jan
25
Nov
17
115
Jan
103%
113
Apr
.29% Apr
Sep
104
3
Feb
Sep
Aug
'717
6
110
4
':.
Jan
: Mar
19 V4
4
6
10%
Jan
7%
14% Jan
19%
127
Jan
Dec
19
39 VA Mar 10
Apr
12% Jun
•
Apr
Apr
20V4 July
"34"
,■
:''
July
6% July
6
1%
Jan
28 y
60
Mar 10
34%
Jan
Feb
22
1.1
24
Mar
6
18%
Jan
24 y4
Sep
9% Mar
7
2%
Jan
10%
Apr
2
34% Mar 10
23'/a
Jan
32%
Sep
24%
Feb
32% Nov
6% Jan
25
4
4
No par
31% Jan
—5
">y 16% jaiy
Jan
26 y Feb
v
10% Mar 10
.
Feb 17
3
54 % Jan
No par
Lerner Stores Corp.—;—'—No par
Llbbey Owens Ford Glass—No par
Libby McNeill & Libby—
—7
Life Savers Corp
—8
Jun
18% Jan
21
Laclede Gas Lt Co St Louis
100
5% preferred
100
Lambert Co (The)—
No par
Lane Bryant——
—No par
Lee Rubber & Tire
5
Lehigh Coal & Navigation Co.-No par
Lehigh Portland Cement—
25
4% conv preferred
;
100
Lehigh Valley RR
—50
Lehigh Valley Coal.
No par
s % conv preferred—
—50
145%
8
124
26
—10
...1
Jan
11% Feb 25
25
1
10
74% Mar
Jan
par
Jun
Apr
65% Mar
Jan
...
Sep
32%
,
22% Mar
Vb Jan
No par
14
•'
13
Jan
18%
18
Jan
9%
25
Feb
Jan
Jan
135
3
131% Feb
3
19V4 Jan
9%
10%
Jan
92% Mar
July
27%
:
14% Jan
20
32
y
MarlO
31% Jan
4
Bak
Lehman Corp (The).
Lehn & Fink Prod Corp..—
Jan
6 %
197
par
115
102%
110
112
par
60
1
140
13'A Feb
Feb
Jan
1
16% Feb
19% Jan
30
Apr
38% July
Dec
Jan
;
9
14
Jan
36
14 Va Feb
29
Mar
28
31
16% Feb
17
6
17% Jan
123 Va Jan
110
Jun
44
July
14 Va Feb
—••—
Jan
39
71% July
120 Va Mar
20% Jan; 3
58 y Jan 5
663/2 Jan 4
10% Jan 14
102
Dec
11%
A
Jan
71 Va Mar 10
107% Jan 21
84% Feb 15
121 VA Feb 17
6% Jan
Jan
37 'A Mar
Mar 6
—
3%
37%
31
Jan
43
July
14% Dec
69%
45%. Jan
7
Mar
36% Apr
138
Dec
Jan
9
8% Jan
2
-
Mar
July
16% May
.
Nov
8Vt
8 y
74 V
11% Jan 12
29
25
8
19
Jan
129
16% Mar
15
29
& Co.—.
Kress
Kroger Grocery &
-
Jan
69 Va Jan
27% Jan
2.900
3,200
20
6,600
11%
1
No
No
No
No
4 Vb May
,
21
par
A——1
;
pfd A
Jan"
%
,
16% Jan
fj-13Vi Jan. 3
10
No par
No par
100
1
.100
& Furn
6
2% Mar
4
3
15% Feb 10
Jan 4
Jan 6
138 V4 Jan 17
1
Keystone Steel & Wire CO
900
6,500
1%
1 %
19%
7%
For
6%
1%
43%
41%
.7
117
20%
7 Va
10
35% Jan 13
56% Jan 3
117. Feb 3
11% Jan 12
stamped—100
Kennecott Copper..
v 21,900
9%
23%
23
9116
1%
43%
Jan
26l/a Mar 1
No pur
-100
;
Kendall Co $6 pt
270
210
*,•'■'• 400
2,100
i 1,100 *
:•-
19%
7Vs
43%
6%
9%
22%
117
*
RR
2,000
1%
31
11 %
130
No pat
100
Kelsey Hayes WhT conv cl
'■■■.
100
t
20%
43%
44
9%
22%
'116
*40
20
2,700
67Va
29
•
y
41
28
5
Jan 13
4% Jan 3
(Julius) & Co—.....5
Keith-Albee-Orpheum conv pfd.100
900
■
•y
21
41
*27%
*12
5%
.
12%
12 Va
65 %
19 Va
30%
V
9»A
*11%
116
117
9116
*8V4
65 Vst
12%
*65 %
17
17% Jan
65
Kayser
900
34%
30%
%
V '
30%
34%
9
13 % Feb
4
-1
—J
City P & L pf ser B
V4%
:
1,700
23%
9%
24
*8Vi
^
'A:
■':>•■•
4%
4%
58%
y;
^
"22,200
.
34
4%
58 %
%
235a
*12
28 %
*33%
34
*33
4%
58%
4
34 V4
30 7'a
*34
33 %
4%
56%
*4
*56 %
Va
9
32%
57
23%
4%
56%
16% May
Jan
4
1
-
Chicago
Kaufmann
8,100
.V*
A'"'■'
30%
20 V*
*8VA
y
15% ' V
31 V'a
32
:•
A/-"':'.
21%
30%
56 V'4
8
4
1% Jan
15'/a Jan
100
.—No par
Mfg Co
Kansas
y
r" 200
18%
31 Va
*4
Jan 15
27
39% Jan 13
—
Co—
Kalamazoo Stove
600
113%
112
Joy
7,100
112%
110
21%
21%
•
*17%'
5%
•
Cy 23,100
39 VA'
30%
32
2% May
69% Mar
Steel—No par
pre! series A—.'—
100
pref series B conv.—
100
5%
Kan
10%
38%
104
?
2,200
y,
,
..
124 y 'y
30 Va
4VA
11 % July
Jan
Jan
:
1 CK ]/_
Jones & Laughlin
yy 800
18
&
Joliet
12,500
65%
17%
*
Preferred
t
22%
30%
"32
Jan
U
No par
100
Johns Manville Corp—
260
1^)
22%
*65
123%
124
112%
*110
22 Vb
14%
56'A
*
*13%
18
*110
*4
Jarvls (W B)
3.500
94
38'A
A 37
104
18
56 VA
4%
4
154% Feb
—1
preferred
$b
,
1,000
'■r
*83
22%
9%
10%
A
9
'•
13
31%
8
1% Jan
13 Va Feb 7
66
Feb 11
7% Feb 3
68% Jan 4
•1,100 y Jewel Tea Co Inc—
200
"
4%% preferred-
•".' 111
*107
93%
*123 Ve
a
10% Mar
4
6% Jan
.
No par,
No par
———No par
Corp—
Island Creek Coal
Intertype
10
14%
17%
20
4
6% Jan
Interstate Dept Stores..
16 Va
*121A
17
30 %
29% Mar
% Jan
31
50
16%
500
113 Va
10%
Jan
109% Jan
——No par
13%
11%
112
Jan
22%
:
7% Jan
par
100
.
16%
*11%
*112
4%
11
No. par
13%
11%
*112
21
10 Va Feb
—100
—
.
*15 "A
11 Va
14%
Feb
26 Va Jan
88% Jan
—15
100
Salt—
7% preferredIntern'l Telep & Teleg
Foreign share ctfs
100
29%
100
*21
1% Jan
158
-
25
5
»•
33,000
*11
'••
Jun
Apr
4
12
38% Feb
Corp.———1
No par
13%
127
14%
65%
14%
Jun
9
Jan
8
-100
13%
*112
74%
14%
2%
46
par
par
par
A
.
International Shoe
International Silver
1,200:
37
71%
92 %
%
104
——_
International
74%
*17%
'-No
No
No
—No
Harvester
preferred—
5%
-
.
43
74%
*102%
Jan
xl6% Jan
100
.
Paper Co
5% conv preferred
Inter Rys of Cent Am
9,300
A 1,900
'
121 :'i2
.••*83
13 Va
%
24
—1
International
90,100
72 %:
*
21
8 % Feb
.
—-20
Preferred
*72
9%:
Feb
6
1—No par
Corp
Int Nickel of Canada
700
35%
2
22% Mar
i—No par
International Mining
y
50
15%
15%
hi
64%
*63%
•41%
1% Jan. 11
100
preferred
4 %
.
19,100
133
%
89
21%
21%
5%
27%
*5
26%
!
'
*12
100
*83
A
400
*29 V'4
111
103
89
Jan
May
69
14%
-'.a.-A.
30%
May
16%
29%
111
88
,
*138
*
29%
*109
Jan
27
13
International Min & Chem
37
68 Va
66 %
64%
14'A
•
*29 'A
3%
Jan
9% Mar
Jan
1,600
*42%
43-
37
36%
37%
13
15 V2
*30
16
31
Nov
9% July
7
34
4
16%
73%
16 Va
.
68 Va
•
3
21
31% May
Int Hydro-Elec Sys class
/, 73%
■■•'.: 8%
130
63%
*112
59% Aug
10
7% Feb
30% Feb
48
8,400
8%
74'A
•
'
12%
'
66 % Jan
3
July
'f 57% July
114
July
:
Jan
2%
74%
74
>
*42%
43
*42%
43
*42.
Jan
Mar
Jan
169%
133
134
15%
y
8%
8%
5%
27 V'4
26 Ve
*133
133
133
•
69
5 Va
5 Va
26%
y
15%
y
4
Mar
18%
69
16 V*
y.;
13
12%
140
140
:■
5
•
.134
*133
" 130
*112
13 Va
*15%
;
5
65%
*63%
■-
13 Va
*30'A
*15%
2%
2%
•■:
12%
63 %■ y
a
15%
26% : 27'%
112
'
2%
2%
68Va
3
Sep
July
17
37
Machines-.
Preferred
400
44
105
64Va Mar- 9
3
Jan
45
':•/;•
18
2%
•.
Jan
24
preferred
Business
Jan
9%
Jan
23
Steel Co
International
36%
17
16
42%
58% Feb
169%
170
169%
169
169
Int
400»
4,700
73
72%
72%:
Jan
Apr
Aug
Jan
A——*—-100
Interlake Iron..
10,000
164
164
164
72%
72 V a.
54
108
17
117
Jun
31
16% Feb
IntercontT Rubber—
5,600
■
8%.:
8
8%
*162
161
71%
2%
15%
7 Va
7%
6%
»■:
115
25
37 '/a Feb
Interchemical
30:
3
Feb
23
44% Mar 10
20
63
Feb
45% Jan
116
4
4
Inspiration Cons Copper
Insuranshares Ctfs Inc..
: •". yy-
40% July
17% July
Jan
3
Inland
•
170%
*68
43
16
33 V
y
37 VA
37%
130
16
161
71%
71%
*42
43
37VA
63 Va'
160%
8%
71%
12%
7%
2%
71%
70
8%
*112
8%
26%
J
:
*42
8
15%
70
*36 Li
8%
'Vb
134 y 134
134
*133
7%
7 Va
5
5
26 3 i.
27
26r,'a
112 Va
7%
68%
*67 Va
68
68
112 Va
70%
15%
15%
16
112 Va
7%
170
2
%
112 Ve
113
Jan
12%' Sep
25
700. ,:
U
32%
Jan
7
Feb
1,600
■::
•
...
16%
28%
May
25% July
25% Jan
preferred
6%
Jan
S-V 21%
Jan
10% Jan
4,4001;
y
■y
8 Va
32 Va
40 i
Aug
14%
7
7,
100
700
Ay'
10%
•
1,100
yy-'-kv
75
74%
8%
9
900
i.
97%
161
32%
3.00 %
172
171
39 Va
700,
1
:
32 Va
7%
71%
71
*112%
113
.!-■■*■■■..
July
6
13% Jan
series A
ctfs
71
118
15% Mar
v
42% Jan
————TOO
1000
Indianapolis Power & Lt
No par
Industrial Rayon__
v.
No par
IngersollXRand—
——No par
See
RR
49
100
7
Jan:
39
Leased, lines 4%
250
470
40
10%
10%
xl0%
32%
32%
y
74%:
74 %
A
.,*8%
9
8
160
160
170
11 Va
""
12%
Dec
Jun
136% Aug
3
12
23
•
21
16% Feb
10
116
—20
,
preferred series
6%
22
29%
87
Jan
-
—1
RR Co—
Central
Illinois
1,400
/
55 %y
*158
161
7%
%:■;
8
v-'' 7%
8
74%
A
%
32%
*112%
7%
*7%
8%
32
113
*112 Ve
7%
74 A
11
8 %
■' *8
73%
10:%
Idaho Power Co
18,900
34%
97%
98
97%
*158
■
16% 1,16 %
*
40
40
-
15%
17
17
98%
n
73%
•
159
159
10%
8 Va
2a»
98%
98%
160
73
%J
40
39 7 a
40%:
40%
98%
*158
158
31%
160
•
109
■
16%
31%
7%
*159
v'
16%.
,B7%
:
7%
'•'
16%
73%
.
113
112 Va
■
16%
8 Va
*31
*
12%
31%
*7%
.
55 %
12 Va
98%
98%
158
10%
4
55%
12%
10%
73'A -73 V4
19 3
56
12%
*55
40
40
■
-
25%
363 a
16%
*39%
,
12 Va
;
'
55%:
:
12%
16%
'
12%
•A 55
12V a
V'
2,000
15%
26%
15%
Jan
39 % Jan
Feb
Aug
73
12%
4
3
Apr
172
128
66
13% Jan
-No par
Motor Car
5
Mar 10
21
Manhattan——..-—100
preferred—
-100
Min & Sm Ltdi
No par
Hupp Motor Car Corp——
81% Jan
.
20% Jan
&
6,300
25
134
13% Jan
71
Jan
21
20% Mar
non-cum
Hudson
25,800.
,
i%
■
152
Jan
27% Feb
163
2
100
2 6'/a
1%
25%
4.300;
y
io y4
,1%.
1%
34%
.
34%
56
10
10
5%
.
Hud Bay
110% July
Jan
19% Feb
preferred—-,'——100
Light & Power Co.—No par
t c
25
Sound Co
:
—5
Hudson
500
y'f-yy 100
23
23
10%
,23
1%
25%
15'A
34 3 V
.
't;
8%
'
15%
.25%
15VA
1%
*8
3% May
Jan
116% Mar
Houston Oil of Texas v
Howe
Jan
7
Houston
1,600
-
2
•1 %
23
•
10%
1%
10
1%
33
97/s
22%
23
9%
•
32
p.
1%
1%
8%
22%
32
32 Va
8%
1%
8%
130
1.2uU
42,600
9
8%
9
V
64 VA
64%
64%
64 V4
9%
31%
32 Va
64%
:5%
Oct
10% May
1%
3
—No parNo par
No par
i
—
Household Finance——
2^0
*111% 112
112
111%
112
8%
:»
4,300
yyy
•
B
Class
Dec
56%
Jan
*——.12.50
Houdaille-Hershey cl A
400
109%
Jan
'
93 %
4
36% Mar
7 Viz May
Jan
*
4
114% Feb
The——
(Del)
Homestake Mining
4,500
15%
64
*62
63
—
6
3
18
Furnace
preferred—
1%
__y
44%
15%
64%
64%
yr
9 Va
:
42
44%
y
,15%
64%
*8 %
■25%
44%
*44%
%
15%
111%
;.
64%
32 Va
'
2,800
■:
41%
42
42
yy.
•
■•''..v.A;-
-A
100
Jan
J.—No par
—No par
preferred—
(C E)
Holland
300
•i4%y
14 Va
*116
65.7 V
15%
*61
8%
'
■
31%
31 Va.
31%
y.
65
64
■'
8%
8%
15%'
23
Feb
86
23
Jan
9
27
Jan
24
'f 75% Feb 25
6
'
Feb
3
63% Jan
76
144% May
106% Jan
160% Feb
—10
—1
10
Hollander & Sons (A)——
5
Holly Sugar Corp.
——No par
Hires Co
500
.
15%,
'A
*111%
y
64
64
44
1
:V iA
conv
28
99% Mar 10
Hinde & Dauch Paper Co.
500
•y;.
'
.
■
is
*61
115
*111%
64
yy
15
14%
42%'
yy*'
300
37
*15
*116
44 %
21%
37
:$4
2% Jan
18% July
Feb
'
4%
4
.7% Mar
Sep
Jan
135
7% Feb
128
preferred
cum
Hershey Chocolate
;
22
'
15%
*14%
:■
41%
41%
44 Vb
15%
-
*116
s''
41-%
y:
65
*61
112
y
15%
yy
44 Va
41%
44 Vo
14%
14%
62
;
v
*116
41%
37%
6%
10
100
■
yy'y,;
,>
•
_
*20%
21%
%
a
*21 %
20%
21%
20%
*21%
yy'v 15
*44
20%
X37%
*20%
37%
:
116%
(■
21 Va
15%
44%
118
20% y
15%
:i
*114%
118
"yy;:y,
66' y
*65
*114%
116%
*114%
3
No par
No par
Motors.
Hercules Powder——
400
134 ■;>;
134
65
65
65%
*64
66
21%
.'
:
37%
41%
*43%
8%
135Va.
non-cum
Hercules
5,700
-
6% Jan
•
107%
Jan
13%
6
106
Co—
11
4
5
5% Jan
99%
Feb
:
$ per share
share
per
16% Jan
8
14
Jan
138
2
—
Feb
108
104% Jan
-25
-•——25
preferred———100
W)
(G
7%.
80%
*114%
*116
31%
80%
*15 Va
-
*116
112
26%
80%
*36'A
15'A
*63 VA
26 >A
*79%
•36%
21%
•
*15%
26%
80%
20%
*21
36 V'4
36%
26%
;V
.';■•••1
Helme
100
yy.'
—•'• y
*158%
%•
—
80
20%
*20'A
21 '/8
:; •
Mfg Corp
Hazel-Atlas- Glass
74
*70
75
*71/
*158%
*158% A'AAvA
26%
27%
26%
*66
•
Hayes
1,630
2%
100%
80%
*133%
y;
64%
7,500
2%
99%
3
100%
100
74%
*71
:::••■
2%
3
100
3
13
Highest
Lowest
share
per
143
—1
industries Inc.——
i.eoo
26 Va
80 Va
Hayes
7%
7%
7%
7%
*79%
•>
20%
20'A
*21
■''
135%
*114%
118
;V'
'A.-;
*63
;
2%
*158% •ikyi'kyy
26 %
*133 Va
*131
*115
75
*79
80%
*79
*72
•'
26
26'A
o
100
73%
•
109%
7%
■100
101
73%
101
75
*72
i
7%
2% :y3;.vy
■
•
•
15% Jan
preferred
—a100
of Amer class A—
preferred—-—-—100
6%
10
rr-
Feb
104
No por
;;—No par
Refrac
$
$ per share
Par-
■
.
Hat Corp
6%
.yy
109%
-
7 Va
7Va
7<A
2%
7Va
2%
*106
Harbison-Walk
2,500
6%
6%
'■:■■■
*106
109%-
-
(M A) Co $5 pfd
Hanna
50
146
*143
6%
6%
*106
'
i
1,000
16%
16%
146
*143
7
6%
106
106
y
108
*104
108
*104
::
144
*143
7%
■
16%
•'
107%
*107
107%
16%
since January 1
Lowest
Highest
STOCK
YORK
'v-'v, •
Year 1943
A Range
EXCHANGE
Shares
''
107%
NEW
V
the Week
10
.
4 per share
share
16%
16%
144
*7
Mar
,
107%
*107
16%
*143
7%
7
7%
7
Mar. 9
$ per
Sales for
Friday
Thursday
$ per share
107%
*107.
»
STOCKS
.(■ "3
Mar. 8
■
share
16 'A
144
*15 "a
*143
f per
share
per
;
v; I
NEW YORK STOCK/RECORD
■
AND HIGH SALE PRICES
Wednesday
Tuesday
LOW
Monday, March 13, 1944
FINANCIAL CHRONICLE.
THE COMMERCIAL &
1050
31 'A Mar
.
Feb
11
13
Jan
17
"9%
Jan
14
67% Feb
25
35
27% Feb
15
29 % Jan
16% May
Jan
11
62
•58% July
17V4 Jan
21
19
38 VA Jan
3
22
Va Jan
6
Jan
Oct
Jan
29%
Jun
11%
Jan
19%
Jun
10
26%
Jan
8%
Dec
9
Dec
Jan
29
July
Jan
120
July
9% Mar
'
7
4!A Jan
3
113
73
17%
41 "A Jan
3
Jan
8
'
Jan
6
Mar 10
24% Jan
117
Mar
6% Feb
8
107%
2%
Jan
8 'A May
fjj
Jan
2%
11%
Jan
20%
24
Jan
32
14%
Jan
22%
Jun
Dec
15% Feb
4
4
31% Mar 10
18 V4 Jan
36VA Feb
42
Jan
6% Jan
5
14-.
3
3
1% Jan
19% Feb
25
38 VA Jan
11
23%
Jan
38%
Jan
24
31
Jan
43%
5
Jan
8%
30
Jan
46
7% Mar
Oct
31
2
29% Jan
29
39%
23
5
21% Mar 10
1V4 Jan
20
.
9
41
Jun
Jun
July
Dec
Jun
July
.Volume 159
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4263
new york stock
low
Saturday
Mar
$ per share
70%
*72%
70%
70%
73
73
73
176
176
*176
177
4V
27%
*26%
40
40'A
40%
38
38
:
,
38%
*18%
19
23%
27%. /.
*18%
23%
23
70%
70%
*26%
1
.
27%
;
:;■:■/<
23%
23%
Va
23%
17
17%
17%
i7'%
59%
60'A
59%.
60
:
17%
,
17%
60%
68 % Jan
25
67 Va Jan
26% Feb
Lima Locomotive Wks__——No par
Link Belt Co——
.—No par
38'A Jan
37
900
1,100
v
19%
,'■:•:;■/
Lion Oil Refining Co—
No par
72
8
23%
23%
Liquid Carbonic Corp
Lockheed Aircraft Corp_v
4,600
17%
6,400
(
.
.
3,700
:
60%
•
,
62
8
3
28
Feb
15
3
42%
Mar
6
40
Jan
21
4
20%
Jan
4
12%
Mar
8
42%
9%
42
'•'•■v.-
10
*29
42%
■
9%
29%
10'A
*29
18%
18%
157%
*157%
21%
21%
v: 21%
79%
79 Va
79%
*26%
27
32
32%
15%
•
15%':.
16
392
.
80
26%
32% ■/
16
V
35%
15%
15%
16%
.v»
37%
31%
31Vs
*15%
15%
'■/•;■•
•
15%
16
■
392 ' A
*350
32
x31%
36'/a
v
'
392
*350
8
8
7%
7%
•11%
11%
*11%
11%
*11%
11%
*19%
19 Va
19%
19%
19%
19%
7%
7%
11%
19%
■
392
8
8
12
*11%
11%
19%
•'
■'.v.-* 18%'
/
20%
20
■:
16'/a
*350.
392
24
12%
8
42'A
Jan
16
37Va
15% Jan
Jan
151
10% Feb 24
3
14
Jan
5
20% Jan
12
100
:,aa,69% Jan
3
159
2%
2%
6%
6'A
15%
15%
14
14
18%
v
18%
6%
*2%
•
6'A
6V«
15%
:':■
14
6V2
*6%
*38%
38%
26%
./:/* 38-i
*25%
*21%
54
21 Va
&
Forbes——
Macy (R H)
"i
.10
100
400
4%
107
16%
16%
28 Va
18%
18%
18%
6 Va
38%
38%
26%
Mandel
—No par
27% Jan
.10
14
138
,
* Jan
20%
4%
V
17
4%
,
A
16%
V
V
5%
18
315
16%
32% Feb
16%
14'/a
15
*15
15%
15
15
49
*48
49
*48
49
48
48
23
23
23
23
23%
23%
23
09
99
99 %
99%
99 V8
99%
99%
99%
*10%
30%
10%
10%
10%
10%
*112%
113%
*112%
14 V2
*48
*10%
10 Va
*112%
113 Va
*112% 113%
9%
9 Va
=,*80
32%
A
97/a
9%
88
,r-.8aV;i
81 V:;'
81
*32 Va
9%
A
88
*8(1
;;
\V
81
41
41
41
41%
41
27
27
28
28%
29
30%
30 Va
30%
'
31
-.10%
10%
*112%
Nov
Nov
Jan
28
6%
Jan
12
9
14%
Jan
19%
2% Jan
12
1%
Jan
.6% Jan
16% Feb
5
3
Jan
15
9
Jan
14% Jan
6
9%
Jan
xl7
July
Feb
24
14%
Dec
24
May
19
77%
9%
; l
78%
31
78 V3
41
41%
30%
;
30%
6Va
6%
7
25 Va
25%
26
26
26%
25%
30 Va
30%
30%
31
30 Va
30%
30%
30%
30%
123%
123%
123%
124
50
74 Va
*73%
*105
124
124
74
73%
124
-*49
50%
73%
>
123
50 Va
50%
75
74'/*
76%
■A'- 7
a
.
76 >-
*105
106
*105
106.
*105
106
*105
112
*110
112
*110
112
*110
7% A
4% Mar
7.
»
Jan
7%
32
197/s Nov
27% Mar
Jan
24
165
Jan
176
Feb
24
37
Jan
60
Aug
Sep
7
% May
6
5% Jan
19% Jan
5
5
35% Jan
12
110
Jan
3
2%
22% Mar 10
16 , Jan 13
109% Feb 23
17
Jan
4
% Feb 23
Jan
21%
Feb
36
Oct
Jan
110
Sep
100
12%
11%
104
Jan
22 %
Aug
17% Sep
Jan
Jan
113%
Jan
Jan
25
38 %
Jan
16% May
50% Apr
Feb
'
29
8V2
25
14%
Jan
25%
Jun
6 Va
48 „ Jan
22% J
.18
flo
Jan
Mar 10
29
19%
Jan
11%
Sep
.
101
.100
Feb
30%
:
2,000
V
220
V-
124
;
5%
115% Aug
10% Apr
%
•76%
106
112
Mesta
Machine
Jan
V Midland
V
Steel
34% July
12% July
Jan
42
Sep
32% Mar
34 Va
Apr
5%
10
:
Products...—No
,
July
Jan
9%
Apr
18%
Jan
30%
.....
Petroleum
8% cum 1st preferred...
Minneapolis & St Louis Ry
Minln-Honeywell Regu
4%
10
Co
Sep
Jan
%
Feb
78%
Feb
2
89
Jan
1
—1
Copper
•
v
conv
Mid-Continent
1,900
;
106
f *110
Jan
Jan
Corp..—.——
(The)—
1st preferred—2
■/Miami
600
:
50
No
...
Sep
9
par
Merch & Mln Trans Co—.No
•
i
Oct
Feb ,24
preferred series A——No
$5.50 pfd ser B w w—No par
Co
July
56
$6
VMengel
Jun
43% July
175
7
5
_i—_
preferred—.—
conv
3%
2
32 % Mar 10
Feb
'
Apr
4
IO6V2 Mar
.
14
Melville Shoe
6,400
76
112
7Va
Mar
No par
Co
Sep
18'A
Jan
Mar
Stores
Jun
Apr
4% July
6% July
Va May
22
28
Mead Corp
•i
3,500
50
106
*110
1,100
6%
26%
*123
76%
106 Va
V
31
2.1
.McLellau
900
30%
.
30%
50
*49%
51
14
—1.
100
McKesson & Rabbins Inc—
530
.
29
,
6%
v-V
25%
112
5-
*110
42
■
25%
30%
50
2,500
30%
■„
0%
25 »/4
124
9 Va
*26%
6% Ss7V':i<
6%
*123%
24
28% Jan 27
22 % Jan 27
52 % Feb
..*
Mclntyre Porcupine Mines
310
42
28%
25%
7
6% Feb
Jc41% Feb
McCrory Stores Corp—
5% conv preferred w w._
pV $4 preferred
1,000
9
0%
AASOAV
78%
34%
9%
*27%
% 31
*30
3
7
170
No par
McGraw-Hill Pub Co.—
;
19
28
20% Mar
,
10
Corp———
Va
26% Feb
McGraw Elec Co-—
6%
50
•
31
McCail
'
38 Va Jan
100
Maytag Co__
51,000
88
34%
25%
V
:
A 4% Jan
par
$3 preferred..
No par
%■: $6 1st cum preferred——No par
600
9%
.V)
88
34 Va
9Va
29
.No
...—
3
Mar
8%
1
9%
88
mm
41%
•V
Feb
24% Mar
320
•
.1
May Department Stores
113%
9%
*86
9%
'
7% preferred—
Jan
3%
2% Jan
—
Mathieson. Alkali Wks,
f
1,800
•-
'1,000
10%
10
9%
700
23%
100
*112%. 113%
113%
33%
27
9 %
23 %;
100
Co—
10
30% July
15% Dec
20% Mar
Martin-Parry Corp.
».
No par
Corp——JVo per
Elec
Jan
15
24
Masonite
Master
Jun
19%
25
315
.3
.
Nov
37%
8
18% Feb
,16%. Jan
Corp.
j
6% prior pfd
138%
Jan
5
25
'
700
.48%
48%
23 Va
May
July
28
15
5
V
-
29
Jan
133
Feb
12
J'V.:
20%
1
8
Jan
27
900
•
July
8% Jan
14
6Ve Jan
1,100
.-
15% -16
100
10%
80
41'/a
■
*25 Va
9
15%
23 Va
17
29%
79
17
10% Feb
13% Jan
3,400
113
*29
48 Va
100
V88,:^
80
9
•
15%
33
32% "32%
9
i6%
*110
29%
48
.:
23%
88
9'A
*9
*41
f
;•
16%
29
29%
9%
88.
80
■V
„
32%
29
9%
■
88
81
32%
29
28%
800
20
-v
0^,22^ : 22%
113
*110
29
;v
110
Jun
163% July
22% July
.
370
*>
17
*12Va Jan
24,400
33
*108
Jan
17
15% Feb 28
21
5
2,400
5%
53/a
32%
22
16%
113
*28%.
*14Va
Vf
34%
30
St Ry
Jan
Jan
100
1,700
.
55
July
11 % May
31
Oct
21%
Jan
7% Jan
Midland
Market
800
175
59%
par
No
Marine
;3,60O
V/;j,300
A
'
21,
,
110
21%
6% :■■■>•:
26%
•VA, 55
5%
34%
>5,600
.
38% ./:■■'•:
6»A
' 20%Mil-
,
55
*106%
21%
*110
113-
21
172
5%
■
38 Va
21
54%
35%
/
: ■// 26%
172
110
21
16%
*110
'4%
6%
38%'
26%
r.
7,900
Jan
Jan
1
A Marshall Field & Co.;
—JVo par
Martin (Glenn L) Co——
1
1,290
:•
,
iV
18% •••'18%
:
>
38%
55
35
14% •"■•14%:
.
26%
•
21%
*106%
21
,
172
/
55
■:
106%
21
113
VV172
:
35
106%
■
'
54%
*34
21
17
172
54%
.
20%
20%
*168
6Va
15 Va; A15%
•
64 Va
51 %
■'
Oct
15%
37% Mar
12
15% Feb
.
50
Co,
Maracaibo Oil Exploration.
•1,400
11,800
'
■
/•
.
16%
148 Va
27% Feb
3
Manhattan Shirt—
1,800
2
27
Bros—
r
'.,•
15%
.
■v/V 6Va ■:
26%
35
*109%
15%
39
26%
107
21
111%
28 Va
18%
.6%
4%;
*34
*109%
14%'"
•6%
21%
*106%
21 Ve
21 Va
14%
26%
54'/a
4'/a
35
107
'
38 Va
172
54%
4%
*34
:
14%
/
2%
25% Mar
-
Jan
Mar 1Q
84
21
Magma Cooper————
Mahoning Coal RR Co
.
Mar
Feb
34% Jan
Madison Square Garden—u.No par
.
26
135
par
No
Co Inc,
Sugar
6'A 'A 6% VA:
6%
15%
18%
18%
2%
6%
6%
6%
i
14'A
>
26%
*168
54%
2%'rV-
•/•■
14%
15%
14%
6% A
2%
/
15%
,;/:/•••
6%:
15'A
v
2%
*2%
-■•
38%
X21
172
.
2% •'■
6%
15%
14 '=;// ■V
18%
/;/■
*25%
*169%
2% ::
2% '■:
18'/a
7
22% Mar
■
<<
Mar 10
Nov
6Ve Nov
29% Jan 11
18% Mar 9
May
July
21% July
21% Jun
Jan
17% Feb
100
preferred,*——
Manati
A: AAA
43
60% Mar
28
—,10
Mack Trucks Inc_—*
11,400
>12
V 20% V 20%
-•
MacAndrews
A
.;.■_-•
-
44
Jan
18% Feb 24
47% Feb
Jun
i ■ itif m (:iiiiiiiiiis
,A. 1,700
\
■
1
Jan
34%
24
No par
Louisville & Nashville—
400
.
Co
7%. preferred—
13,000
/'/AAV
8
30
—
Jan
13
1
July
182% Aug
28% May
22%
8
28
Mar
40% Feb 24
' 8% Jan
3
—No par
—23
Louisville Gas & El A
7,800
•>/
•'15%
'7%
V-'.'-jVAVf V..V-12
•J
•:
31%
.
15%
...
500
'/;':
V
37%
31%
16%
16 Va
*350
V
8%
36%
.
a
3,200
■-Vi' /:
Biscuit
Lorillard (P)
5,800
VJ
90
1.200
.
27
*135
15%
=
;
84
*26%
-
?
31%
*15%
392
.
f'4
37
31%
A,
82%
V-
135%
36 Va
16 Va
16%
16%
*350
7%
27
135%
~
*• • j
22%
•
Loose-Wiles
400
Dec
19% Jan
—No par
Long Bell Lumber A
.3,800
1
159
-22
82% A.-
*26%
26%
'
18%
159
V
j Lone Star Cement Corp
6,900
:
'
29%
.18%
V
y
v
10%
29%
22% VA
81%
,
136%
:/•:
.
158%
*21%
44
"-■:> 10%
•
18%
158%
:
*135%
36%"/--
',V.V 18%
Va
81%
26%"
26%
29%
*29%
22%
80%
136%
35% V: :,v,
*15%
18
160
80 Va
*135%
32%
V
;
V
26%
135%
18%
22%
/:•
22%
43%
10%:
10
29%
*157%
18%
160
22%
35%
v
16
*350
A
■
80
■
26 Va
35%/r
18%'
22%
10%
-
*157%
160
135%
35%
*29
18% i;
18%
*135%
A
29 Va
157%
10 v«
,■
44% V-
■k x42%
42%
41%
42
10%: V..-■:■-/ 10 -29 Va
29 Va
41%
:
71
73%
Jan
171
'
42%
Nov
25
Jan
58
par
I per share
Dec
62%
31
Jan
15% Jan
1,,
No
Mar
Highest
I per share
178
18% Feb
No par
!
Loew's Inc.—
Jan
74
3
-
17%
17%
60%- V. >■ 'A'- 60%
Lowest
t per share
3
174% Jan
'
38%
19,%
60%
17%
60%
38%
•
■..'■/■:
29
Series B
8,600
/
19%
Liggett & Myers Tobacco—
.
Year 1043
Highest
t per share
..',■ Preferred
;—
100
Lily Tulip Cup Corp——.No par
\
42 Vs
24 "
Par
180
27%
24
Range since January 1
Lowest
•
1,200
X41%
J
Range tor Previor*
stock
exchange
:
1,600
73
177%
*26%
38
*19
71
72%
new york
•
Shares
*176%
27%
38
19%
24
17%% 17%
'
73%
42%
38%
38%
$ per share
70%
42
19%
-
59%
59%
42%
the Week
,
177
*26%
27 Va
23%
38%
18%
73%
X176
19
38%
19
*26%
V
•'■■:"/ 42
41%:
40%
74
Sales for
Mar. 10
70%
70%
177%
*176
176 Va
Friday
9
.
$ per share
71%
73 Va
73%
176 Va
40%
*38
Mar
$ per share
73
r
.*26%
stocks
Thursday
V
Mar. 8
$ per share
•..:./
.
record
prices
Wednesday
70 Va
$ per share
70%
high sale
Mar. 7
6
.
and
Tuesday
Monday
Mar. 4
1051
pa
Sep
31%
Jun
100
July
No
pfd series B
conv
'
4%%
>
preferred series C
•
7%
7Va
:
7%
101 Va
18%
7
7Va
101%
7%'A
18%
'.'-'■A- v -7%-
7%
7%
Mollne Power
Minn
12,800
'
101
101
101
2% A
2'/a
10%
'78
78
A
*116
;A
*116
23%
16%
16%
*116
•
*116
116Va
112
*110
39 Va
38%
A ■'A..A 23%
'23%
23%
17%
18
46 Va
112
24Va#
17%
•
'
39%
v:
24%
•3,100
117%
*110
!
:
46%:
*37%
38%
■
112
:A'''
Mohawk
•
k
19
*27
27%
:
5%
'
27
27
Va
•
1
v
80
*79
83 /;."A
*21 Va
21%
*21 Va
21% /
*74
76
nw/s
116
*46
Morreli (John) & Co—t—.-No
•
Morris
V 2,330
23%
18
18
*46
5%
6
28%
A
A; A:
28%
5%
4,200
"84
84
21%
*21%
74%
114 Va
114%
10% v
10%
10%
48 *.
48
48
;
21%
74%
;.
A*
"A
■=;•
V
53A
5%
*83
Corp..———No par
Motor Wheel Corp
;
5
A
76
'■
'■
10%
:
-*74
■76y2'
'
"> *114%
10%
A *47
•■/
400
115%
10%
:£
v
2—
—
1
No par
100
10
preferred——*..
'Murray Corp of America—
Myers (F E) & Bro
17,800
149
preferred
200
/
70% Feb 10
112% Jan 13
8% Jan
3
43% Jan
No par
Jun
17
Jan
Jun
18%
Apr
31
•>
Mar
Jan
7
Jun
Jan
4% Jan
4
72
Jan
3
20% Jan 17
,
Munsingwear Inc
—...No par
Murphy Co (G C.)——
No par
4%%
i130
A :A 10
A 49
$7
40
100
i
27%
3
7
26% Jan -4
-1
Co..——
Brass
Mullins Mfg Co class B—...
4,600
-
'
21Va
.
Mueller
700
■
84
21%
•
114%
*46 Va
28%
35
A 21JA Jan
15'% Jan
16% Jan
par
50
& Essex———
Motor Products
.
3,000
'
74' •/. ':
114%
A.
20
'V/V' 28%
5%
84
84
114 Va'
;•
19%
•
,
preferred series C—-No par
Montgomery Ward & Co—No par
•
ioo
-
19%
*21%
75; A. A.
114 Va
47%
:
21% 1
10
*46
48
19%
*28 Va -28%
.
83-;
;.-:■ 7.5
114%
19%
19 Va
5%
;
.
*21
9% V: 9%
9%
9%
:
83
.
75
*114Va
>
27%
5%
*78Va
74%
19Va
27%
,
5%
5 Va
5%
18%
19
19
Mills^w—-
•
11,100
'
*18%
Carpet
■Ay: $4
23%
■-•
7%- preferred series A—
<
•46% 46 Va
39%
*37%
18 '-.v. A.: :
>
-Monsanto Chemical Co—
10
3,200
%•*": 20; A-AA $4.50 preferred—
..No
*
10
•Preferred series B
.....No par
79%
114%
*116
116%
-
46
24%
17%
V 17
17'A'
45%
31%
" 79%
.
Corp..
Mo-Kan-Texas
10,700
12,700
*113%
.
.
Mission
2,200
2%
11
31%
79
115
117%
*110
A
46 Va
19%
'
;
V/a
10%
31
78%
*113%
*38%
24
23%
16%
117%
112
^
••
$6.50
700
102%
18%':
2%
11
30%
79 Va
45 Va
39 Va
•
2%
31
78%
'=-/■ 102%
18% A
lOVa
.
*113 AA 115
*110
,
V 102
18%
2%
29%
78%
115
*
102
''A
.11%
11
_
29%
78%
46
*38%
23°, a
A
29%
112
2%
10 Va All"- V
*113
117'/a
•
45%
39
2%
......
78
*110
45%
*37%
2%
10%/:
113
112
45
18 Va
29 Va
•
•
101 %
18 Va
A'
.
2'/a
:
113%
117
*110
.
10%
29%
29%
29 Va
V 78
*113
18
2%
10%
101%
Va 101%
18
18 Va
*18
77
Jun
Jan
23%
Jun
62
Apr
79%
Sep
111
July
21% Feb
17
15
Jan
6
116% Feb
24
76
117
10% Mar
5 Va
Jan
48
5
8
Aug
11% July
8
34%
Jan
44
Mar
Feb
n
11%
Xl2
"34%
*34
15%
A
9%
•fv* 11%
11%
11%
'
21Va
21%
166%
33%
33%
15%
16 V*
*11 Va
'
A.
9%
21%
21%
11%
■
1
11% :/A.
A': 11%
11%
12 Va
11%
29%
29%
29%
13
13%
13%
29%
29%
29%
29 %
12%
12%
12%
12%
13%
11%
*11%
11%
31 Va
9%
*9
A
91
■:A
32
27%
r,
9%
:•■■ •
9%
9%
9 Va
90%
90'/a
20%
21 VaV
Ifi5 Va
21
20 Va
'
A;A
165% A
*143
*165
144% t
165%
165
143
ll3/4
*11%
=
11%
.29%
29%
29%
13%
ioo
13%
12%
12
20 Va
'-
/
9,000
>
11%
12%
"V. 6%
800
'
•
21
■
.
'
20%
20%
20 Va
30Va
30 Va
*30%
*20%
,
30%/
=
A':
6%
6%
6%
/A
6Va
59%
59%
V
58%
58 Va A
'13%
13%
13%
2
14
LVA
.
T4%
■
.15 Va ■:/: wvi4%:
31%
=32 Va ' A.
28
A:
10
28
28
9%
9014
-
21
21 Va
165%
166
143
144%
*142
.15
A.
6%
;
"
13%
14%
-
11%
28%
28 V*
28%
29 Va
29
29 Va
82%
82%
82 Va
83
84
84'
86%
86%
86%
87
88
88 r
5%
5%
5Va
5%
9
9%
9
9
*15%
24%
*23
101
*57Va
59
111
28%
*28%
17%
17%
*14V4
*101%
14%
102
For
footnotes
"24 Va
9
15%
24
28%
17%
*98' :
59
*108%
-
■■■/A
101
*58
*108%
•
*98
*98
5%
15%
15%
15%
*23
i
•
28
'
>
A
245
58%
111
'
A
28%
21,600
90 Va
A; 90
21%
■
"
*143
."A' •■:•,;
30%
'
6%
6%
6Va
217/a
60 V4
60%
60%
14%
14%
14%
■>'
*30
•;
200
21V4
31 Ve
.;
6%
17%
*108%
28%
17%
*84%
85
90%
60
2,700
600
•
6%
55a
*5%
5Va
5%
5%
9Va
9%
9%
9%
15%
15%
'
24
*23 Va
101
*98
58%
55,800
1055.
*98
•
101
*58%
59
111
*108%
111
29
29
18
14%
1
102
xl7%
15
101%
29 Va
3,700
•
.
i
A
29%
!
86
■r
25,400
•.
85VSJ
«
92
As
92
•
5%
-
4,500
15%
-360
6Va
3,900
*
9%
'
680
>
'
*9 Va
15%
25
59
17%
14%
101 Va
60Va
14 Va
—^~No par
1
15%
1
.No par
No par
—.—a
10
Stamping—No par
National Gypsum Co.——:
$4.50 conv preferred.
National Lead
Co
14%
1
102
29
t
*24
4,200
*98
59
100
101
'
...
300
*108% '111
28%
18
17%
17%
14%
14%
15 Va
102%
102%
3,500
.-
•;
4,000
"
7,300
1,300
serial preferred—100
11% July
8%
Feb
12 Vs July
8%
Jan
15%
Jan
23
Jan
176
18
17
22
Jan
18
170
Jan
29
20
Feb
3
162
13% July
16% Nov
12Vs Mar
8
5%
29% Feb
July
Sep
21'A
Jun
Jan
10 Va
Sep
Dec
3
18 7A
Jan
29%
V» Mar 10
12% Jan
5
10%
Nov
9%
Jan
13% Aug
14% May
21
14%
Jan
21% July
6%
Jan
13
Mar 10
15 Va Feb
28
11% Jan
6
33 Va Mar 10
28
9
Sep
Dec
Dec
x25%
Jan
17 Va
Jan
29%
Jan
.'11%
Jun
70% Jan
90%
Nov
20
Dec
9
Mar
15%
12
36
% Mar
6
Sep
14
Jan
160
Jan
178% July
137
Jan
150
Jun
Jan
22
May
.Nov
2% Jan
36
Jan
—i
(J J%:
—No par
5% preferred series A
100
Newmont Mining Corp—
10
Newport Industries—
1
Newport News Ship & Dry Dock—_1
$5 cony preferred,.—^.^.No par
5% Jan
11% Mar 10
11% Feb
10% Jan
4
.—No par
conv
Apr
3
Neisner Bros Inc—
Newberry Co
19%
Dec
Feb
Nehi Corp
1
Jun
13
16% Mar- 9
Apr
168% Jan
9
"
Feb
15 Va
40%
Feb 25
Jan 18
...No par
4%%
.
"
59 Va
28%
102
.
1%
Jan
9
Natomas Co
3,800
n
25
6%
23% Jan
8
17
24
141
Feb
18% Jan
Jan
5% Feb
29
.
'
3A Nov
10
Mar
10'/« Mar
164
7%
13
35% Feb
92% Jan
9
preferred A—......
—100
6% preferred B—--.—
100
"Nat Mall A Su'l Cast Co.—.No par
National Oil Products Co
4
National Power & Lfc
...-No par
National Steel Corp.—
25
/ National Supply
(The) Pa.
..10
$2 conv preferred-—.40
5%%
prior preferredIOO
6% prior preferred.
__100
National Tea Co..
—No par
■/•
% Jan
,.
87 % Jan 11
19
Jan
7
1
.—No par
10
'
*23%
28%
18
14%
15%
25
101
*108%
29
101%
15%
29%- A
*58%
111 A
14%
29
60%
14%
92
9 Va
,
29%
90 Vs
'
10
% Jan 19
11% Feb ? 3
Jan
5
13% Jan
3
9
-Jan
8
10% Jan 31
9% Jan
4
20% Jan
3
165
Mar 1
18
Feb 17
8% Jan
3
28% Jan
6
12% Jan 17
xll% Feb 11
19 V?. Jan
3
13 % Jan 29
11% Jan
5
30 % Feb
3
26
Jan 25
28
•
•
•
No par
preferred—
Products...—JVo par
Nat Enam &
,
15,200
*
144" A A
'
10
5
10
100
Nat Distillers
190
166 ■
20%
s
59%
85
101%
21
88%
14%
page
20%
30 Va
84
101%
see
21 Va
Va
6%
700
-
10 Va" AAA'
,
166-
29
-
Products.;
National Dept Stores
300
28
—
& Share Corp
Cash Register
Nat Dairy
19,900
10
21%-.
14 Va
'
•
Bond
Nat
"
'
166
31%
6
59%'. A
preferred..
1
1
National Cylinder Gas Co...
3.900
; -5,600
"
21 Va
31
:
6 Va '
,
.
7 %
National Can Corp..*—
10.000
;
Vf V
•
'58%'
preferred—....*
Aviation Corp—
National Biscuit Co
——
conv
National
Nat
33%
A
=,
—
National Container—-—
31 Va
•
90%
21
•'
/
Co.—
2,600
*11%
10% A
*90%
165
-,
30%
30Va
St. Louis^—100
2.600
A■
'
20%
•'
16,000
•
12 V4
20%
■
Acme
Corp
&
Nat Automotive Fibres Inc
400
•
166 Va
11%
20%
'National
5,400
A"
181/4.
13% ;
Nashville Chatt
'
V21 Va
18%
•A
V Nash-Kelvlnator
4,700
*
11% A
I8V2
32 Va
9%
.-A
AlO'/a
11%"
90%
A 143'
A16%
9 Ve
21 Va
11%
*27%
90%'
16%
No par
5
Nabco Liquidating Co
500
55,700
?AAV,f > 90
;
■A/ 11%
■A ;
*165
•11 Va
32
90%
A A
13 fV
33
-
'
15-Vav
4-
*11%
AA
:
20%
'-"15
v.A
32%
27%
12%
20%
11%
20%",
/•VA
145
*143
•
26%
26%
11%
11%
20 Va
..."
32%
32
20%
20%
165.
;
27
*26%
14% A •'A;A, 14%' A, 14%
11 %
*11% A 11 Va
*11%
32Va
*90%
20%;
14%
r
11%
20V4
14%
A
12%
21%
18%
A
u
3.2%
166%
18 V*
29%
11%
X21V4
*165
•
18 Va
12%
20%
33 %
;
16%
16% A.
10 A A10% A
A 11%
11% A •'
*11 Va
11%"/A-
21%
166%
*165
12% A;
33 -r
'
18
18
29 Va
14%
11%
21%
166 Va '
■11%
20%
11%
11%
,
21%
♦163
18
11%
11%
'11%
'11%
A
10V4
11%
"
11%,.,,;'.
V/A 11%
166%
18
:V
-
11%
21%
18
18
34 Va A/A
■
■••/*%
12%
-
11%.
V *163
13
16
Va
*
12%
9% V 9%
*
•
If
12 % ./
15%
A
n
%
A
'
11%
A'
%
15%
10
9%
11%
9%
*163
%
12 Vs
*34
15%
15%
V>.
'
34%
*34
*
'
%
11%
%
■
12
_
5
6
4
7
57% Feb
5
11%
25%
79%
83 Va
5Ve
4
8
4
6
3
4
3
Feb
Feb
Feb
Jan
Jan
Mar
13% Jan
22
Jan
4
21% Mar 10
145
21 Va Mar
14%
8
31% Feb
27
25
6% Mar 10
60% Jan
14% Mar
7
8
v
52
7%
64% July
5%
Jan
15% May
28% Jun
14%
Jan
86
Mar 10
57
Jan
Mar
9
62
Jan
7
6% Feb
23
2% Jan
10 % Jan
14
6
15% Mar
9
24 Va Feb
Feb
96% Jan 12
56
Jan
4
108% Feb
9
28
Jan 19
16% Jan 12
13 % Jan
3
97
Jan
5
110
1
21
100
591 'a Mar 10
Jan
22
30%
Jan
8
18 %
Feb
i a
5-i»
-
1
'
o
102% Mar 10
Jun
Jan
92
29% Mar
Va
9ya
Jan
Jan
80%
•
Jun
88
Jun
7% May
10 % Apr
19% July
16
Jan
25%
Cot,
74%
Jan
98
Nov
37
Jan
106% Mar
26%
10%
Jan
Jan
12
Dec
94%
Nov
Va
57%
114
37%
19%
Sep
Aug
Apr
Oct
21% Mar
102
May
Monday, March 13, 1944
CHRONICLE
THE COMMERCIAL & FINANCIAL
'
1052
NEW YORK STOCK RECORD
■.
LOW AND HIGH
t per
* per share
share
*37%
37%
18
23
69%
18%
17%
18%
17%
22%
22%
23
27
12%
69%
70%
27
12%
12%
71%
27%
*12%
12%
*31
31%
32
32%
*32
32%
32
149 Va
*144
149%
*144
149 %
*144
*144
61%
61
61%
*iV
%
31%
N Y
1,000
New
York
32%
600
*144
%
%
"A
%
18%
17%
18
17%;. 18%
17%
18%
37%
37%
37%
37%
,37%
38
38
192
*191
37
37%
195
193
193%
193
194
192%
194
192%
121
120%
120%
121
121
*120%
181%
17%
17%
*120 V2
17%
17%
*53%
54
53%
63%
53%
*52%
53%
52%
52%
8%
9
15%
15%
15%
16%
15%
*112'/a
113%
*112%
21%
21%
113%'
21%
♦112%
21 '/a
39%
39%
21%
*44%
45%
52%
21%
21% '
40
40
40
5%
5%
*44%
45%
45
14%
18%
*40
Northern States Pow
120
44 Va
45%
*44%
*14%
14%
14%
14%
14
14%
14%
18%
18%
18
18
18
-18%
18%
18%
48%
48%
49
■49
49%
49%
49%
Air Lines
Northwest
2,300
5%
5%
*44%
45%
20
14%
14%
14%
2,100
18%
18%
18%
12,500
49%
50%
1,900
Oliver
Omnibus Corp
5%
.1,600
•
74% July
May
14%
Jan
26
May
Jan
6%
Jan
13
Dec
Feb
16%
Jan
32%
Dec
150
Feb
63%
Jan
132
Dec
63% Feb
28%
Jan
54
Deo
% Jan
•?t
Jan
12%
Nov
23
Jan
3
7
3
4
19 % Mar 10
Mar
38
199% Feb
3
122
.
26% May
38
July
162%
Jan
192% July
113
17
Feb
18
9
1% Mar
Jan
122
Nov :
•:
Feb
9%
Jan
18% July
54% Feb
49%
Jan
56%
Jun
Feb
48%
Jan
56
Jun
Nov
14'A
Apr
53
8
9% Feb
101
Dec
Jan
91%
Jan
17% Feb
7%
Jan
18% May
Jan
116% July
101
107
113% Jan
50
2.50
21% Mar 10
15%
Jan
23% July
40 % Jan
15
36
Jan
41% Aug
5% Jan
25
x3%
Jan
6
July
45% Feb
28
31
Jan
45
Apr
Jan
27
Jan
18% Jan 6
50% Mar 10
10% Feb 5
Feb 14
8% Jan 18
No par
Norwich Pharmacal Co
26% July
Jan
17% Feb 8
45
Feb- 8
9% Jan 3
50
Preferred
Jan
31%
13
xl3%Jan 3
112
Jan 31
17% Jan 15
37% Feb 1
4% Jan 3
40% Jan 12
13% Jan 4
$5 pfd-No par
No par
Telegraph
Nor walk Tire & Rubber
Northwestern
110
11
27% Feb
52^ Jan 26
51% Jan 27
8% Jan 4
100
Jan 4
1
50
<—100
Co
Jan
Jan
Jan
Jan
Jan
Jan
20
33
120
Jan 5
15% Jan 10
50
50
Northern Pacific Ry
'
5%
183 %
10
Northern Central Ry
40%
%
14%
33%
5%%
26,300
52
share
44'A May
10%
-
73% Feb
Jan 19
129
( per
Jan
27%
17
19% Feb
3
30% Jan 22
100
pfd
North American
5,900
21%
21%
,
'
45
14%
:
non-cum
preferred series
preferred series
Aviation
6%
200
113
113
113
113
*39%'
Adjust 4%
400
.
X
16%
15%
16%
15%
v.
Ry
Western
&
3
100
1
5
stk
Industries
f per share
23% Feb
100
Shipbldg Corp part
North American Co
102
*101
102
*101
Y
3
4
11% Jan 27
50
—100
Co
Lack & West Ry
Norfolk
23,400
•
8%
8%
8%
9
39%
5%
45%
5%
5
5
5
*4%
53%
52%
16%
113
113
21%
21%
113%
21%
39%
39%
*52%
54
15%
16%
*39%
54
*52%
102
*101
102
*101
102
*101
102
8%
9
8%
8%
8%
*101
*52%
54
*53
N
110
18
53%
53%
54
*52%
Y
Noblitt-Sparks
450
121%
17%
18
*53%
:
18
17%
preferred
38% Jan
24% Jan
No par
No par
No par
——
tN Y Ontario & Western
200
13,600
-1,200
192
*121%
121%
*121%
%
38
17%
17%
17%
191
N
350
19%
:■
A
Dock
$5 non-cum
N Y & Harlem RR Co
61%
18%
17%
37
-
.
149%
61%
.
%
i"o
*36
*
800
12%
32%
*27%
6%
*4
15% Jan
19% Jan
62
Jan
100
100
*12%
A:
9
Iff
#
%
:
N Y Chic & St. Louis Co
preferred series A
City Omnibus Corp
61%
61%
■
27%
Central
York
New
4,400
56,600
36 % Feb
Highest
Lowest
$ per share
$ per share
-
No par
No par
New York Air Brake-..
900
:>
149%
*144
61
61
61
61
•
•A-
71
17%
*
17
•
61
22%
27
*12%
32
149%
18%
70%
Per
-
-
,
31%
■•'27
13
18%
:
•
12%
69%
-
22
71
*22%
27'-
69
27 %
12%.
*12'A
18%
22%
18
•
18%
22%
70%
69%
*27
27%
27 VB
18%
23
*22%
*69
38
18%
*22
.
.
500
38%
*38
38%
*37%
38%
38%
38%
37%
.
Shares;
• per share
f per share
* per mare
share
I per
EXCHANGE
V
.
Year 1943
-i1-' '
Range since January 1
Highest
A: ^lowest
NEW YORK
-the Week
Mar. 10
Mar. 9
Mar. 8
Sales for
Friday
Thursday
.
Range for Previous
STOCKS
STOCK"-
,
SALE PRICES
Wednesday
Mar. 7
Mar. 6
Mar. 4
*36 Vs.
Tuesday
Monday
Saturday
105% Jan TO
12% Mar 10
11% Jan
29% Jan
3% Jan
69
Jan
3% Jan
15% Jan
16
14%
Oct
0
49%
10%
10
102%
*100
101%
102%
10
10%
10%
10
*9%
*35
35%
66
56%
56%
*44%
44%
*22%
23
22'A
22%
*12%
17
*13%
*12%
33
32%
32 Va
43
43
120
120
120
*155%
156
156%
156%
156%
156%
33
32%
■
111%
2%
2%
2%
2%
48
48
*105
106
*105
81%
78
1%
1%
1%
19%
19%
19% '
19%
19%
29%
19
fl9%
19% 5 20
*55 Va
97 Va
97%
15%
15 Va
15%
*11%
12
11%
39%
39%
39 Va
-
99
23%
23%
23
*60%
61 Va
62
62%
62%
■■•7*7
*7%
7%
*7%
7%
50%
50%
51%
*11%
*57
59
*37%
39
*37%
58%
58%
*57
38%
n
23%
*23%
7%
7%
7%
"
7%
45
58%
£*?
37 Va
37%
*23%
,
7%
9
8
9
■■■""
•
*8%
a
21%
21%
21%
50%
51
51
96%
92 Va
93
92%
94
95
96
96%
96%
95%
19%
19%
19%
19%
19%
19%
*24%
24%
24%
25
24%
24%
*99
44%
'*9%
*23%
12%
82%
82%
107%
107%
*110'/a
111
*110%
111
110'/a
*109
*12
12%
*12
102
*99
*99
45
45
44%
45
44%
10%
*10
10%
10
24
24%
24%
*23%
24%
*24
135
135
■'
73
73%
72%
7%'
*70
70%
12%
*12%
13
*12%
171
8
AA
v.,-:
*168
*168
188
7%
*184
188
*184
*9%
*24
7%
12,300
29%
1
'
40
111
111:
100
111
*71%
8
40
■
*12%
13
/
*99 Va
102
102
J
45
45%
10
*102
*5%
72
72%
7%
,
'
100
■
100
24%
*24
24%
10,400
6
v-;;
1.700
2,400
8
70%
*71
72%
72%
72%
13
13
xl3
13
13%
13%
*168
*166%
*166%
188
188
*184
5
5
8%
8%
*182 V4
*182%
188
-
*4%
4%
5
5 '!■;
*7%
8
8Ve
8Va
8%
A,
5
x5
5 VV
5
8%
8%
8%
1,500
5%
'
58'A
97
*95
97
'<
.58%
1/
97
97
*97
8%
15
58%
59
60%
61%
62 .:•?:
62
14%
14%
14%
14 Va
*166%
*9%
10 Va
,'7*9%
95 Va
95 Va
95%
14%
♦166%
99
10
59%
58%
59
1,870
61%
61%
61%
14%
*
14%
14%
14%
*97
99
10%
10%
9%
10%
10
95%
96
96%
96'/a
96%
96
96%
74
74
74%
74%
74%
18
18
18%
18
18
10%
10%
74
*71'A
75
*17%
18 Va
*17%
18
22
22
*21
*9%
10
12%
12%
*72%
18
380
*96
•
10%
3,300
96%
490
74
18
70
74
18
V*
'
1,100
"
22%
*21
22
10
10
10
10 Va
10%
10 Va
12%
9%
12%
12%
13
*21
12%
13 Va
xl2%
21%
*21
"■
21
2i
10'/a
10%
10%
6,000
13
12%
13 V*
24,200
13% :
*12%
13%
*12%
*12%
13%
*12%
13 Va
*12%
39%
39%
39 %
39%
40
40%
40%
x40%
40%
40%
41% ■.'■■■
55 Va
*55%
55%
55%
55%
55%
56
55
55%
55%
55%
116%
116%
117
*117
118%
14%
14%
95%
95%
117
117
15
14%
14%
14%
117
14%
15
95%
95 Ve
95%
95%
95%
102%
102%
102%
102%
103%
95
]4%
J 5
117
14 Va
14%
95%
95%
103
102 Va
102%
820
;. 410
95%
95%
102
102%
108 %
108%
109
108%
108%
107%
108 V4
107 Va
108
107 Va
107%
115%
116
116%
117
117%
118%
118%
118%
117%
118%
117
117
40%
For
41
footnotes
119
*117
*117%
41
40%
40%
see
page
1055.
119
41%
*116
41 Va
118
41%
18,500
970
103
108%
118%
4,000
110
117
102 Va
118%
■,
•1.800
*116%
117%
*116%
41 Ve
41%
41%
117%:
41%
•
390
10
16,300
July
Mar
8
15%
Jan
30
81% Mar
7
17%
Jan
72%
1% Jan
3
1% Jan
28
1 Va
Jan
2%
29
Jan
3
27 Va
Jan
7
19% Feb
29
31
16
3
58
Jan
24
51%
Dec
93% Feb
7
99
Mar
13% Jan
12
16
Mar
9 Va Jan
3
3'A
Jan
2% Jan
10
37% Feb
9
6 % May
Jan
Nov
54% Jan
16 Va Mar
v
1%
33%
Jan
5% Jan
Jun
17% Mar
26
13%
Jan
Jan
10
108 %
Jun
24
23%
Jan
32 Va
_17%. Feb
24%
2
Mar
9
46%
8% Feb
23
1%
28%
Apr
Sep
81% joiy"
Feb
.52% Jan
6
Jl4%Jan 14
Dec
113
Jan
63
6
Oct
3% Mar
45
29 % Feb
,-2344
4
9%
Jan
15
Mar.
Jan
Sep
20% July
24
18 % Jan
3
55
100%
Jan
112
7
25% Jan
May
60% Mar
8
24
2% Jan
9
111% Jan
29
9
12% Feb
41
May
19% May
Jan
1%
16%
7% Mar
Dec
Apr
32
7%
Sep
>59% July
Jan
48% Feb
3
10'A Jan
3
54 % Jan
4
60
Jan
14
34%
Feb
58 Va May
33% Jan
5
41
Jan
11
19
Jan
41% May
8
23
Feb
26 Va
Jan
10% July
8% Jun
;—1
100
100
T——100
26% Jan
■
16% May
5% Jan
23% Mar
€
7% Feb
29
9% Jan
12
6'A
7% Jan
3
9% Feb
23
5% Jan
May
9
49% Jan
17
14
22% Jan
5
20
N6v
3
51
Mar 10
37
Jan
X51%
88% Jan
5
2
96%
Jan 21
68Va
Jan
91%
Sep
22
Dec
42
preferred
'
>
:
-
!
100
Preferred 4%% series
No par
Phillips Jones Corp
7% preferred—
Phillips Petroleum
Pnoenix
;
...
xl9% Mar
■24
Jan
Jan
100
Pillsbury Flour Mills—
3
82
.
100
100
Feb
16
Jan
29% Mar 10
25,
6%
preferred
& Iron Corp
Pitts Coke
$5 conv
Pitts Ft Wayne &
•
7%
85
r
Jan
5
Nov
113
109 Va
Jan
117%
Jun
'.11% Feb
14
13
Jan
4
Feb
14
July
x98
19
1045
Jan
3
79%
Jan
100
July
Nov
50 U
Jan
7
47
Jan
5
Jan
3
11% Jan
7
3%
Jan
10%
23% Feb
23
25 Va Feb
3
18%
Jan
26
May
102
Jan
5
Jan
27
7
Feb
21
3%
Feb
61
Jan
13
75
Feb
21
34%
Jan
8
Jan
17
5
Jan
82% Mar 10
59
Jan
10
11V2 Jan
13% Mar 10
4
100
100
48% Jan
4
100
58% Feb
21
5%
conv
preferred
2d preferred
Procter & Gamble—
pfd (ser of Feb 1 '29)
100
Pub Serv Corp of N J
No par
No par
100
...—100
:
100
$5 preferred
6% preferred
7%
preferred
8%< preferred
Pub Ser El & Gas
Pullman Inc—
pfd $5
No par
—No par
10
Jan
10
59%
Jan
99
10
24
Jan
10
6
11% Feb
J
56
24
61% Jan
7 64
Jan
15
.
168%
i* 182
:
.
75
Mar
16% Mar-
Jan
Nov
168
Jan
Jan
July
52% May
;
Jan
1%
Jun
10% May
90
Dec
7%
Aug
6%
>
Nov
>
10%
£■; 92
Dec
Dec
83
Jan
10
97% Feb
18
29
73
Feb
29
79
Feb
15
20
Jan
3
15
19
Jan
-5
14%
Jan
21% July
22
Mar
4
18
Jan
23 %
Apr
Jan
12
10% Mar 10
4
Jan
13
Jun
11% Jan
12
13% Mar 10
6%
Jan
1
6%
Jan
41% Mar 10
17% Feb
19 % Jan
No par
-No par
1
5%
9% Jan
Jan
•
Jun
15% May
Jan
4%
Mar
9
77%
Jan
4
150%
5
No par
170
17
8% Jan 25
.1
5
50
8
.5% Jan
Mar
15% Feb
11% Jan
—.100
pfd—100
preferred—'—-a
100
preferred——2—...100
Pressed Steel Car Co Inc
183% Feb
8
3
...;
7% May
Nov
4% Jan
3
Poor & Co class B
168%
183 % Feb
11
B
9%
4
171
Dec
68% Dec
i;
7"
Feb
164% Jan 25
7% Feb
Class
Jan
102
S:
82 Va Jan
Plymouth Oil Co
:
Pond Creek Pocahontas
Apr
43% Feb
No par
A
7%
July
42%
Pittsburgh Steel Co
7% preferred class
Class
Jun
104%
No par
Pittsburgh & West Va
Pitts Young & Ash Ry 7%
Pittston Co. (The)—
90%
Feb
5
17
Pitts Screw & Bolt
B
71
109% Jan
4
5% preferred class A.
> 5%% 1st ser conv pr pfd
Sep
Jun
114% Jan
25
100
25%
> 26%
8
7% Jan
Chic Ry
Oct
13% Jan
24%
13
68% Feb
preferred..
Sep
107% Jan
No par
1
100
Pittsburgh Forglngs Co
18% Aug
110% Mar
—No par
preferred
29% Mar
28
118
100
Pittsburgh Coal of Pa
25% Feb
28
24% Jan
3
21% Jan
3
118
-No par
5
25
Hosiery
5%; conv 1st
i
13
*38%
13%
400
21%
*12%
117
1,000
;
*166'A
*166%
10
*72
2,400
61%
'
*r«o%
2
t
59
*97
59%
6i
57%
*
8%
99
58%
59 Va
14%
■
61
*168
*116%
50
188
'
5
55
3,600
•
July
26
18
Feb
120
y
106
Jan
49% Jan
3,200
72%
70%
Jan
100
25
4
July
45'% Dec
Jan
3
Pitts C C & St Louis Ry Co
135
■>
2
35 %
20% Feb
%
45%
*9%
10%
8
>
113% July
7
27
...—
1,400
82%
105% Jan
17
Jan
49% Mar .8
15
.
107 Va
6
8
2.800
82%
135
73
11,300
24%
107%
6
6%
19%
5
Apr
43% July
11% Oct
—No par
Phila Electric Co. com.
No, par
$1 preference com—..
No par
4.4%
preferred
? 00
:'Philco Corp..
3
Philip Morris & Co Ltd.
^—10
Preferred 4V»% series
.100
119%
82%
*102
135
6%
70%
12 Va
*14%
*102
*7%
7%
45
24%
6%
'
*99 Va
10
6
73
71
70'A
*102
6'/'a
5%
29%
29%
12% i 12%
102
10%
*102
82%
12%
•:
*99 Va
*9%
7044
57%
*12'/a
44%
12%
*59
110%
12%
102
*110
Jan
20% Feb
—1
—10
No par
No par
No par
Corp...
$7 conv pref ser
$6
> 1 300
>
96
Jan
7%
25
50
;
890
107 Va
*106
*69%
*94
28%
28%
83
108
v:
*24%
24%
119%
82 Va
*69%
170 Va
28%
19%
19%
24
*107%
6
*184
..'19%
*110
83
135
*7%
28%
19%
24%
119%
108
83
44%
6
*69
27%
19%
24%
*107%
102
*102
.
27%
27%
*
111%
*12
*95%
Jan
23 %
4% Jan .: 3
Phelps-Dodge
Corp
Philadelphia Co 6% preferred
8,200
"
'
*110
'
2%
8
18% Feb
No par
No par
Corp
Pepsi-Cola Co—.—.:
Pere Marquette Ry Co£
5% prior preferred
' 5% preferred—
5
28% Feb
——1
,~No par
Petroleum Corp of America.
5
Pfeiffer Brewing Co—A
No par
Pfizer (Chas) & Co Inc—
1
600
44%
50%
27%
& Coke
17% July
Jan
v
Pet Milk Co
1,600
45
44%
21%
50%
83 Va
.
•
1,900
44%
50%
*110 Va
*44
300
8%
8%
9
;
8
20%
50%
108
800
44%
119%
;
300
.
38
21%
50%
83%
"/•.
25%
44%
50%
27%
58%
8
8
8
50%
119%
Coal
Jan
■5 9
6% May
57% Jan
> 23%
_1
Oct
Jan
25
Jan
Jan
Sep
160
18% Jan 21
*'
800
21
*110
A
'
*50%
*107%
58%
58%
25%
20%
7-v
106
119%
10
> Penn-Dixie Cement
43,500
13
44%
21
*110
62%
7Va
37%
20%
119%
28%
52 Vb
>23%
V 21
50%
*110
16%
7J/a
*12%
25%
•
45
20%
7
.
10
A
100
I Penn Glass Sand Corp
5% preferred
-100
—50
17,000 > Pennsylvania RR
—300—--Peoples Drug Stores Ine=-.^u^
-*-5
Peoples G L & Coke (Chic)——100
1,200
Peoria & Eastern Ry Co
—100
700
1,000
51%
7%
13
38J/8
38
5a
8
62%
77
Penn
1,700
■
39
—♦t3"= -24
52%
52
*12%
58 Va
*23%
25%
*8%
9%
9
9
45%
12%
23%
24
24
12%
J 39
63
7%
7%
13
13
58%
*57
i:L
28%
28%
62%
52%
■
12
12
12 Va
7%
51%
7%
2%
•
Jan
'
51%
51Va
*16 Va
==*23= -23%'
62%
39
*110%
28%
29
"23 W
23%
16 Va
*110%
28%
_
38
16%
1,400
11%
103
28% May
Jan
Dec
S'/s
Jan
■; 3.
3
6
2.50
Ford
Penney (J C) Co.
Penn-Central Airlines
112
8
■
.
9% Jan
Dec
45 Va July
No par
Transportation
Enterprises
Penick &
100
1,500
ijft
4
33% Mar
Jan
Patino Mines &
4,700
'!-■•
24
2% Jan
Mines. -_1
No par
Parker Rust Proof Co
6,200
15%
2%
■<
38
;
16%
*16
*110%
-38%
•
39
39
16%
*22%
50%
9
2%
Consolidated
Parmelee
14% Jan
45
—1
—1
Parke Davis & Co
f
—
Tllford Inc
4,800, 'i-
:
•
99
11%
11%
2%
62%
*60%
*44%
*11%
2%
39 Va
700
15%
11%
*110%
57
57
16
Utah
19%
x99
99
15%
24
*23%
7%
98%
16
2%
39
16%
28%™
28%
98%
15%
11%
*16
39%
19%
57%
*57
98
&
Park
5,100 '.
6%
19%
Park
2,600
19
v
2%
2%
*110%
28%
19%
15,800
29
■
Jan
31%
91%
21
.100
Pictures Inc
Paramount
29%
p29j%
7
6%
a
57%;
*56%
,..f,
15%
%
'
11% -11%
2%
*16
17
*16
r—
98
15%
11%
.
*2%
2%
: *97%
>
-y".
29
119
19
6% V 7 Va
20 VB
19%
57 Va
*56%
57
98
*15%
.
29
19%
V
57
*55%
*97
*2%
28%
29%
109'A Jan
5% Feb
par
—
—No
Inc
preferred
conv
20,800
80%
1% V: 1%
pfd. .100
5.60%
3
18
16 Va
Jan
147
26
157
Mar
19
Feb
8% Feb
Prod. & Ref
Paraffine Cos
4%
...5
Petrol & Transp
Fan-Amer
Panhandle
1,200
' ,"
No
Airways Corp
Panhandle East P L
180
79
1%
1%
preferred
1,500
,
25%
25%
80
78%
1%
28%
7%
121% Jan 12
11
106
*105
25%
''
7
5
Jan
6%
300
..
-
49%
49%
106
X25%
-
*19'/a
7%
7
9%
*9
49%
x49 %
'
'
7
30% Mar 10
Jan
149
3% Jan 27
30% Jan 26
81%
*19
*6% '
;
10
118
.100
par
...5
*105
80%
:
par
.100
Apr
July
25% May
33
No
Pacific Western Oil Corp
106
80%
19%
25% Jan
10
Pan American
3
77 Va
29
23 %
8
43% Mar 10
Packard Motor Car
112
77%
28%
26
33
12,300
32%
*2%
76%
*19 Va
Feb
3
40,100
3%
32%
111%
26
28%
10
30
4
4
33
9 Ve
25%
28%
Jan
39% Jan
14
13%
13%
32 Va
49%
1%
Jan
12% Feb
2%
25%
1%
14'A
..10
111%
25%
;
25
4% Jan
9 Va
25%
1%
23% Feb
...1
111%
25%
A-
3
Pacific Tin Consol'd Corp
3%
25 %
1 Va
17V* Jan
50
2%
*105
106
55
11,300
2,000
9%
49%
13 %
Jan
5'A
3
49%
49
Jan
23%
156%
111%
*111%
13% July
6%
4
5%
-
9
111%
7% Jan
24
V2 Jan
*155%
5%
July
12'A Mar
Mills
—
Oct
64
48
par
Pacific Telep & Teleg
60
Apr
11% Feb
No
Pacific
5,600
120
Sep
38
Jan
54% Jan
9
156
5Va
13 %
25%
*
30%
30%
154
"67%
46
Pacific Lighting Corp
300
-
Jun
3
156
33%
*9
9%
9
*111%
106
*105
43%
4,600
Dec
Jun
21%
142
Jan
28% Jan
8
37% Jan 11
65 Jan 24
59% Jan 18
Dec
10%
3
*119
4
3%
43%
;
30%
620
32%
10 Va
105
8% Jan
120
14
13%
32%
111%
9
9
9
*111% 111%
2%
*2%
47 Va
*46 %
5%
33
32%
33
;:
30
10
25
32%
151 Va Jan
,
21% July
50% July
41V4 Feb
10% Jan
...8
1st
*119
5%
3%
3%
3%
3%
32%
■'■■.
156%
13%
13%
13%
*13
.
120
*155%
5%
5%
30
29%
120
121
5% '
43%
*42%
43
29%
29%
121
,
20% Jan 10
9
Jan 28
Fisheries Inc
..10
Co—
preferred non-cum
No par
2nd preferred non-cum—No par
.10
Pacific Finance Corp (Cal)
,_25
Pacific Gas & Electric
Coast
Pacific
470
21%
*12%
25
32%
*121
5%
25
*12%
■
18% Feb
148
Mfg—34
Jan 4
No par
64
Jan 8
Glass Co
—12.50
55% Feb 29
Pacific Amer
,2,200
•
44%
21%
22%
'
25
43
"
29%
29%
*42%
32%
32%
43
*42%
21%
22%
22%
22%
22
*13%
17
12 %
Owens-Illinois
4,100
9% ••? 9%
44
*43
45
*44
45
*44
32%
32%
12%
12%
10'A
10%
Outlet Co.
•57%.
100
Outboard Marine &
200
56%
12%
46
vl.
66
6
(The)
preferred A——100
Oppenheim Collins
No par
Otis Elevator
No par
6% preferred——...
100
66
10
*44
3%
66
*64
10%
10%
13%
35%
—
No par
Equipment.—No par
Farm
8% conv
152%
*35
12%
11%
9%
3%
*150
35%
ms 12
11%
13 '/a
5,100
20%
152 Va
57%
11%
5%
20
19%
20'A
35%
56
10%
*5%
9,400
*64
9%
29%
12%
56%
*11%
43
11%
35%
66
10%
29%
11%
56%
11%
*42%
11%
56%
11%
32%
320
152%
*150
*10%
32%
5,600
103'/a
19%
19%
*64
66
*64
*64
*55%
10 Va
*101%
10%
:
35 %•
35%
35%
35
10%
152%
"150
152 %
*150
152%
9%
103 Va
10
10%
103
103
19%
19%
19%
19%
19%
*150
10%
103%
10'
10%
10
10
10
*101
*49% A 50
Ohio Oil Co
9
;
19
.Tan
35% Jan
54 % Mar
116% Feb
13% Jan
87% Jan
96
Jan
104% Jan
113% Jan
11
10
1
11
3
,3
3
4
3
11
37% Jan
3
116% Jan
19 Va
Feb
•
74%
Dec
13% May
r
13
,
Jun
24%
Jan
40%
58
Jan
15
48%
Jan
58
120
Jan
114%
Apr
123
15
Feb
12
25
11%
Jan
17Va
Apr
It
96%
Oct
Q6
F<*b
103% Mar
109
Mar
Jun
Sep
Feb
75%
Jan
8
85%
Jan
107% July
2
96%
Jan
114'A July
\
108 V8
Nov
129% July
119% Feb
15
113%
Nov
122
41% Feb
15
26%
Jan
110
Aug
40Va July
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4263
159
1053
NEW YORK STOCK RECORD
Monday
Saturday
15 %
Sales
Mar. 10
for
NEW YORK
the Week
STOCK
Range since January 1
EXCHANGE
t
share
S ver share
share
per
Lowest
Shares
Par
106
20%
20%
16 Va
16 %
16 y2
39,300
113%
*111%
113%
*111%; 113%
200
6%
105%
*104
106
*104
105 %
100
5%
16 Va
20%
13%
13%
20%
13%
13%
;
20%
>13%
>
vi
■
-V
20%
13%
16%
21
13%
20%
•"
...
Pure Oil
16 %
113
114
*104%
20%
••
*13%
.
*105
*113
105%
*113
100
20%
* per
16%
16%
15%
114
105%
114
*105%
Friday
Mar. 0
Year 1943
Highest
I per share
Lowest
Highest
'
S per share
per share
t per share
'
15%
*113
Thursday
Mar. 8
,
I per share
$ per share
$ per share
"15=8
Mar. 7
STOCKS
Wednesday
Tuesday
,
Mar. G
Mar. 4
PRICES
SALE
AND HIGH
LOW
20%
13%
21
*13.%
v
400
14
c
Purity Bakeries
2,100
■
..No par
(The)
15% Feb
3
109% Jan 12
100
preferred
preferred..
100
conv
No
Corp..
10
16% Jan
19% July
104%
Feb
Feb
9
92%
Jan
114% July
107% July
21
Jan
5
13%
Jan
22%
14 Va Feb
11
10%
Jan
15
10% Jan
12% Jan 21
Jan
18
107
14
5
113% Feb
15
19% Jan
par
Quaker State Oil Ref Corp
Jan
103
12
Jan
12% May
11
Nov
July
,VV
V
iliig
9%
73%
8%
9
92 v
91%
*29
73%
,
'
&
9%
91%
13%
i
/
29
.
18%
'
'
29
;
29
\
*33%
•
'
.
29
34
30%
30%
9
*117
*8%
,
.*115
125
1
30
125
62
;;
68%
13%
13 %
*13%
13%
*17
18 '"/V
*17%
15%
*84"
\
15%
"
83%
h.
*84
88
/:•
88
■/ 9
9%
*93
,14%
29
29%
1
18
18
17%
17%
i
.
*351/8
36%
30
*29%
30
*8%
125 -v;
*116
> 64%
*35
V
125
13%
400
1,000
64%
'
13%
>
1,340
13% '*
*13%
18
*18
18%-
*18
18%
v
200
xl6»/a
16% l:
16
16%
*
6,600
85.
85
x83%
83% >
88
'
86%
87
87
:
,
9%
9%
i.
17%
17%
100%
100%
94%
94%
96%
96V2
7%
7%
7%
7%
9%
18
96%
7%
: ".7%
•
86%
85'/a
9% :
.
17;%
171/4
100%
•/
x
•;
96%
9%
V
•
'*85
87
1,370
*66
67%
85
86* '
68
66%
66%
*66
11%
11%
11%.
11%
11%
11%
88=«
89
89%
89%
89%
89%
*66
-•
7%
12
*85
600
12 r.v's
12
88%
89
"
'
'
9,600
130
86%
'
66%
68
"
89%
88%
66 '/a
,
,12 ••/. V;
2,000
:vi:¥
360
89
50
(Robt) & Co 1st pfd
Reliable Stores Corp
Reliance Mfg Co
Remington-Rand
Rensselaer
&
i
5
70
Motors,
No par
10
1
Jan
27
14%
Jan -1,"
22% May
26%
Jan
30
Jan
66%
Jan
80
20
Jan
5
'
9%
9%
30 Vs
9%
29%
30%
9%
29%
9%
9%.
9%
9%
9%
X9%
; vv
'
30
.
30
37%
*15
;
15 '/4
*12 V2
36%
13
9
*6Va
15
*6VB
6%
18%
18%
28%
*
29%
19%
19%
19%
19%
47%
48
48
48
29'a
29 '/a
>
18%
28%
'
;
9 Va
9 Va
13'%
%
6%
6 Va
■
15%
9 VB ';
6 '
6%
1
6
Jan
Jan
20
Jan
19%
14
69%
Jan
93
Oct
7
Jan
12
42%
Jan
74%
Dec
16% Mar
9
89
Jan
70% Jan
7
87
Mar
4
6
15
10% Mar 10
8
7
18 % Jan
Feb 19
102
Jan
87
Jan \ 3 4/ 96%-Mar
6% Jan
3
■ - 7% Jan
84
Jan 15
87
Jan
63
Jan
4 :
68
Feb
16% Feb
20
1,200
19
1,550
Royal
30%
1,400
Ruberold
19%
20%
7,800
Rustless Iron & Steel Corp
48
19%
20%
20
20%
48
48
48
47 Vb
48
29%
30%
%
3/8
300
*%
48
29%
29%
%
%
1,500
46 ya
2,300
%
%
%
45%
46 y4
19
1,100
5,200
9%
13%
*5%
18%
29
-
100
-
:6v/:'
"
"r
29
x29
Rheem
/>
28
10
....
...
: 18%
18%
29
20 %
*47%
;
Common
8% Jan
1
10
Reynolds Spring
Reynolds (R J) Tob class B
x29 %
6
'
6,200
-
Mfg
Co
(The)
No
$2.50 conv preferred
210
Jan
13
4%
14
11
73%
7
22
18
23
Apr
20% July
7%
Jan
25
Jan
14% Jan
...J
._No par
Jan
45
Oct
9'/a
Apr
98
Feb
70
►
Feb
15% July
Jun
Jan
Jan
93%
9% Feb
7
39% Feb 21
5%
Jan
11% July
25%
Jan
32 %
24
38 Ma Jan
25
34%
Feb
39 % July
3
15% Feb
7
12%
Sep
14 %
9% Jan
5
■7%
4
3
14
3
5% Jan 27
/ 17% Jan 26
pai
Dec
88 '/a
>
59% Nov
80
Jun
101%
Jan
<5% Jan
76 •/• Dec
May
10%
Jan
Jan
95% Jan
5
12 % Jan 10
89% Feb 28
8% Feb 29
13
...1
Typewriter
Jan
36% Feb
Co
1
Richfield Oil Corp
No par
Ritter Company
.—No par
Roan Antelope Copper Mines
9
18%
-3,400
:
15%
*13%
18 V*
19%
'
15%
15%
*13%
-
•
30 lA
37%
8%
v
13%'.
-,9%;
30
*36%
37%%:'
30
18%
*29
.
*36%
15%
•
30%:;:;.;.
30
37%
15%
13%
*12%
6%
*18%
*28%
30%
-
*36%
15%
9
13%
30'
'
15 Vs
8%
*12%
;
:
38
*36%
36%
15
37%
'
D^c
14%
19
6
Jun
Nov
86% July
13% Sep
5
4
Nov
6%
'
*9%
.
Jun
35
Jan
3
10
Jan
86% Jan
Aug
29%
3%
101
No per
100
Jun
32
22%
8% Jan
'
15'/a
Jan
7
Feb
x83% Mar
Jan
Jan
127% Feb 14
70
Mar 3
13% Mar 9
7
18
1
Reynolds Metals Co
5%% conv preferred
Feb
Dec
11%
Feb 15
Mar 2
36
3
15'/a Jan
25
Inc
30
10
Jun
101%
21
19'/a Feb 28
52*/2 Jan
11% Feb
RR——.100
Saratoga
3
90
,
100
warrants...
15% Jan
5% Jan
Jan
Oct
10 Va
Jan
26%
10
32% Jan 13
271/4 Jan
7
50
100
Preferred with
/,
Republic Steel Corp
...No par
6% conv preferred
100
6% conv prior pfd ser A
100
Revere Copper & Brass
.-No par
7%
preferred—
..100
/
5%% preferred
—__100
200
11%'
89
'
86% <
*66
67 Va
,
.11%
,
*85
preferred
Reo
•
96 '/a
7%
■7%.
2nd preferred
Hosiery.
23,700
'
—
961/8
95%
71/4
-85%
85
86%
*85
7% -
•
1st
non-cum
Silk
Reis
200
'
7%
50
non-cum
4%
Real
30
71%
Jan
54%
14% Mar 10
2
Jan
3%
30% Mar 10
.
Feb
28
11,600
10%
17'/2
*101
x95%
'
.
17'/4
.17%
*99%
*101
300
85%
85%
9%
171/2
*83%
3
....
47/8
59
74
Mar 10
9% Jan 15
107% Jan 17
3
121/4 Feb
Preferred
16%
.
4%
-
;125;
16 %
88 n
.
28y4 Jan
1
25
Reading Company
400
:■■■■
No par
preferred
$2
'
18
13%
Raybestos Manhattan
Inc
1,900
'
9
63%
65%-
•'
'
—100
preferred
conv
3
69% Jan
5
8% Feb 15
85 »/8 Jan 27
1"
Rayonler
6,300
30
>116
63%
663/8'
20,800
36
.
*8%
6%
1,100
'
14%
30'
9%
*116
30%
13%
17%
,
.29%
14%
9%
100%
17%
29%
29»/4
18
9'/a
9%
•;
96%
17%
*100%
2,580
13%/
86
86
83%
84
*84
•/
'
16%
16
16
16
9
66% ;/
*13%
18
68
30
125
.•
66%
*17
63%-
*115
.
96%
14 »/8
35%
35%
V' '
9% v'
9%'
,' i
9'/a -' !
95%
9% Jan
No par
Kadlo-Keith-Orp" mm
34,300
18%'
*
*29%
'
Corp of Amer
$3.50 conv 1st preferred—No par
900
9%
28%
29%
Radio
50,900
v
91/4
95%
94%
/
14%
-
.-'T8'
34%
30
v"'::
9% :
9'A
29 Va"
14
'29
..
18%
18%
34%
*29%
34 4
29
-
18%
18%
1.8%
34
;
10
.74
29 Va
29%
/ :v
14
13%
■
.29
.
9%"
9%
73%
10
73% ^
*731/4
95%
94%
29%
*29
13%
9% >
9%
94%
93 '/a
29%
'■/
13
-■
9%'
-
93
*29
29%
*13
•
73%
731/4
73%"
9%
10
9%
9%
9%
73%
8%
-
-
9%
73%
9%
9%
*73
'6%
19%
x30V4
23
3
5 '•
13
50
Feb
Oct
Jan
12/
Jan
9
2
Jun
17 % May
July
5%
Jan
19%
Dec
21%
20%
Jan
28
Oct
11%
Jan
18%
Jun
43
Jan
3
Jan 12
Feb 10
Feb 19
Feb
2
Jan
50 %
Aug
9% May
.
Dec
s
*
j
29
^
45%
45%
45%
45%
45%
112%
112%
112%
112%
113
7%
7%
44%
%
7%
45%
107
107
108
*39%
39%
110
*107%
*108%
109%
*108
•
*24
V'24
24'%
*
•
;
*2%
2%
2%
2%
87 >
87%
87%
17
17
17
14
14%
*1374
13=4
13%
69
69
69
69%
69%
13%
13'/a
13%
13%
75
*10%
52
*73%
•
10%
10%
*51%
.52
*26
*25 %
3'/2
;)
;
106
39%/
*109
14%
13%
*73%
10%
52%
75
:•
2%
25%
26
26
26
Scott Paper Co
■200
1,900
••
preferred
$4.50
—fro
$4 preferred..
100
'
Seaboard Oil Co of Del
Seagrave
Servel Inc
1,600
No par
1
Sears Roebuck & Co..
8,900
Sharon Steel Corp
*14%
14%
69%
69%
13%
14%,
75
'
.
51 y4„
26%
7,800
13Q
51 %•
26 y#
26%
3%
3%
27%
26
26
11
ny8
11%
11%
38
(Frank G)
•
Shell Union Oil
1,400
Silver King Coalition Mines
Jan
4
Jan 20
Jan 27
Jan
8
Jan
7
3
38Va
105
38'A
109
Feb 17
Jan
6
Jan
6
Feb 16
108
Jan
3
21% Jan 1#
,.
2% Jan
5
/ 84
Feb
7
16'/4 Feb
13%
63%
12
72
9'/a
48%
24
3%,
/
No par
—15
6,100
27%
26
Shattuck
Sheaffer JM A) Pen Co
*.—5
14
Jan
3
Jan
3
Jan
6
Jan 27
Jan
V2 Jan 10
1
Jan 10
46y2MarlO
v, 113l/2 Jan 24
8 'A Feb
1
48% Mar 10
107% Mar 1
42% Feb 16
112
Jan
6
110
Jan
8
24% Feb 28
3
Jan
8
/
91% Jan
5
18 y2 Jan 17
Jan
4
Jan
52
18
Jan
25%
10%
11
10%
11
38%
3774
37%
3774
38%
16%.
16%
16%
16%
16 34
16 3a
16%
22%
*22%
1074
11
38%
16%
/
26
22%
*30
*38
/
3
11
Simmons Co
No par
25y4 Feb
/1,100
Simonds Saw & Steel
No par
25
55,000
Sinclair Oil Corp
38%
38%
38
16%
16
16 VB
2,500
38%
Xl6i/a
20,770
23
23
23%
23%
23%
22%
22%
*22%
22%
30%
30%
32%
32%
32%
32%
32%
32%
33%
3,700
26%
26%
26 %
*26 Va
26%
26
26%
*25%
26%
600
12%
12%
12%
12 = 8
3 V4
12%
12%
12%
12%
3%
3%
*3%
3%
31%
31%
34%
12%
12%
3%
31%
*31
:.
r/
34%
*147
149
*147
11'/a
VV:.
30%
26
34%
:/
1074
"
26
*25%
31
26
-
_
31
35%
•
149
*147
3%
32
35 Va
35%
149
12%
3%
32
31%
35%
.
35%
*147
>
12
ya
3%
*31%
149
34%
*147
3%
3%
3%
32
32
149
32
35%
'
35%
35%
••
27,800
3,500
600
Smith
Corona
&
8,000
South Porto Rico Sugar—_—No
8%
23 74
22=4
23%
23%
23%
23%
23%
23%
23%
3,400
14%
14%
14%/
14%
14%
14%
14%
14%
1,900
27%
28%
28%
29%
28%
29%
29%
28%
29%
40,300
Southern Pacific Co
27'/a
27 Va
27%
27%
27%
27 Va
28
25%
Southern
46%
47%
46'/a
46%
46%
47%
24%
25%
46% < 47
46,500
47%
*60
4%
*6
•
*53%
61
*59
63
*53%
*3
31
25%
38
38
54%
*34%
111 %
*63%
*113
109%
29
*113%
674
55
35%
112
64
114
109%
29%
115
53
6%
35
230
5%
15,600
6%
200
6%
*54
/
*30%
26%
25%
39 y,
39
60
54
35%
'
*63 y4
5,700
39%
1,100
*58%
59%
*58%
59%
6%
67/a
7%
7%
7%
54%
54 %
54%
53%
57%
58
36%
37%
37
111%
111%
111%
63%
*63%
35%
112
64
*108%
*109%
110
29%
29
400
25%
6%
114
114
31%
25%
39
59%
*113
29%
*30%
''
*58%
110
115
31%
6%
.
*111%
31%
65
*54
26
39
112
64
*6
65
31%
114
29
*6
61%
5%
25%
*113
115
6%
65
61%
5%
114
36%
*111%
63%
36%
112
63 %>
*113
114
*109%
110
29%
*113
63%
*133
29%
115
29%
*113
59%
37%
3,400
111%
50
64
200
20
109%
109%
20
29%
2974
9,500
113
110
30%
114%
;
*113
114
*%
tt
%
& II
*%
II
51
3%
3%
3%
3%
3%
3%
3%
3%
3%
38 'A
38%
38%
40%
4iy4
40%
4iy4
40%
40%
40%
41%
6,300
46%
46%
47%
17,200
44%
40
447/o
44%
45%
]|
461/8
47%
46%
36%
S11
2,600
3% >;3%
8,000
%
Railway
Spiegel Inc
preferred
preferred
prior preferred
$6 cum prior
37
37%
37%
37
37%
37%
36%
37
15,700
Standard Oil of Calif
32%
32%
32%
32%
32%
32%
32%-
32 ya
32%-
32%
33
11,600
Standard Oil of Indiana
53%
541/a
53%
54%
54i/4
54%
54
54%
54%
54%
18,400
Standard Oil of New Jersey
42%
42%
43
*112%
114
*112%
114
41%
*112%
41%
114
41
>112%
41 %
114
42
*111%
42%
114
42%
*112%
114
1,943
Standard Oil of Ohio
4preferred
:
7%
7%
7%
7%
7%
8%
30%
30%
*30%
30%
30%
30%
31
30%
30%
*30%
63%
63%
63%
63%
63%
63%
64
64
64
64%
64%
64%
1,200
12%
12%
12%
12%
12%
12%
12%
13%
13%
13%
12%
13%
7,400
18,300
Stokely Bros & Co Inc
*30%
8'/a
7%
8%
9%
9%
9%
9%
•"»%
10%
10%
10%
10%
10%
16%
16%
16%
16%
16%
16%
16%
16%
16%
16%
8%
9%
8%
8%
14%
-*58
9
8%
9
8%
9
9
*16%
•
31
10%
17
...
9
61,700
14%
14%
14%
15%
15%
16
15%
15%
15%
16%
59%
59%
59%
59%
59%
59%
59%
60
60
123%
123%
123%
123%
*123%
5%
5%
5%
5%
5%
5%
footnotes
see
page
1055.
124
5%
*123%
5%
124
5%
1,100
5,300
59%
123%
800
9 Va
14%
5y8
38,200
'
59%
*122%
For
9
10%
8%
*123%
5%
124
5%
2,800
.50
11,000
Standard Steel Spring—
Starrett Co
5%
prior
(The)
L S
Class A
par
...5
1
—20
No par
(The)
pfd (V/2%
Oil Corp
par
No par
—
preferred—;
Sun Oil Co
Sunray
par
10
Stone &TWebster
Studebaker Corp
par
No par
No par
No par
..25
—25
25
100
1
Sterling Drug Inc
Stewart-Warner
Corp
7%
par
No par
$4 preferred
54 %
42
1
par
pa"
No par
Standard Gas & El Co
54%
42
par
No par
$4.50 preferred
$7 cum
par
100
Squibb (E R) & Sons
No
$5 pref series A
No
$4.25 preferred
—No
Standard Brands, Inc..——No
'»
1
1
Square D Co
5% conv preferred
32%
37
No
54
par
2
-
$4.50
Conv
200
3%
par
non-cum
Sparks Withington
No
Spear & Co
$5.5) preferred
No
Spencer Kellogg & Sons—No
Sperry Corp (The)
Spicer Mfg Co
No
$3 conv preferred A
Nc
4,470
113
113%
*109%
34,100
tfo
23
13Vo
23 %
20
40%
-—No par
preferred100
Mobile & Ohio stk tr ctfs——100
5%
3,000
61%
5%
38%
35
*63%
*60
5%
25%
6%
54%
111%
6%
*53%
62
38%
25%
:
60
6%
5y8
*58%
25%
38%
6%
31%
*60
*37
25%
*58%
65
*31%
31
25%
60
6%
*6'/a
31
31
*58%
5%
*53%
65
*37 y*
*
» 4%
6%
*6
6%
65
61% '
60
/
4%
4%
4%
46%
3%
32
-35%
149
24'/8
14%
30
28 lA
25
7.50
Southern Natural Gas Co
,//27%'/27%
14%
28%
46%
12%
Jan
3
Jan 10
Jan
6
par
Southern California Edison
14%
X25
Jan 27
Mar
1
No par
cum)..—100
—1
>
Jan
4
Jan
6
Jan. 29
Jan 17
Jan
3
Jan
3
Jan
4
Jan
7
4% Jan 3
5'/a Jan 26 1
55
Feb 14
29% Jan 4
25
Jan 26
36V4 Jan 26
56% Jan 27
6
Jan 3
50 V2 Feb 11
34% Feb 15
110
60
113
108'/2
Jan 28
Jan 6
Mar 10
Jan
6
28'/a Feb
110
9
Jan 27
If
2%
33%
40 Vb
Jan
3
Jan
3
Feb 10
Feb
8
35'/4
32 y4
51%
40%
111
6'/2
Feb
7
Mar 3
Feb
7
Jan
4
Jan 26
Jan 13
28% Jan 18
62% Feb 29
11% Jan
3
9'/4Feb 10
15'/2 Feb
1
8
Jan
3
14
Feb
4
58
Jan
6
121
Jan 27
5'/a Feb 15
.
48Va
62'/2
5%
6%
57
31%
27%
39 »/4
59
7%
59 Vz
37%
112
64»/4
114%
112
30%
115
Jan
Dec
Nov
115
Feb
Dec
112
Mar
16%
2
Jan
Dec
107% July
43
Feb
26%
Jun
Jan
4%
Jun
59%
Jan
90%
Dec
10 %
Jan
18%
Sep
Jan
17% July
Jan
Jan
73% July
16% May
64%
Jan
73% May
9
54
8%
10%
5%
Jan
31%
Jan
57
Oct
"17%
Jan
29
JUfl
Jan
16 Ye
Jan
21
Jan
10 Va May
28 Vt
Jan
15%
Nov
Jun
5
28
Apr
May
27%
Nov
Xl3'/a July
45%
Sep
24% July
22% Aug
23%
19
15%
Jan
39% July
14
Jan
25%
7
lO'/a
Jan
15% July
Jan
5
2'/4
Jan
Jan
15
16%
Jan
20 y2
Jan
Mar 10
Jan
7
Mar
Jan
132
11
Jan
5
Nov
Jun
Apr
29'/a
Dec
30% Sep
149% July
6
21'/a
Jan
25
Apr
Feb
28
10%
Jan
14%
Sep
Feb
17
15%
Jan
Feb
26
15% Jan
30% May
30% Apr
Feb
29
35%
Jan
49% May
Feb
29
42'/a
Jan
66
Jan
Jan
2%
18
Mar
Feb
2%
8
6
Jan
14
Mar 10
Jun
Sep
Nov
Jan
35
Dec
23% Nov
35% Mar
32 y4
44% July
Jan
56
May
3
Jan
60
8'%
Sep
Sep
Jan
64
Sep
33
Jan
42
July
109
Jan
Mar 10
35 %
Mar 10
14
Feb
6%
61
'
Mar 10
6%
Jan
21%
8
Jan
Jan
Jan
Apr
33
25
Mar
116% July
70
July
Jan
10
112% Nov
117
Aug
Jan
28
107
Nov
110
Dec
Jan
12
25
Sep
Feb
2
6
Mar
1
Jan
3%
49
100%
7
Mar 10
Jan
Jan
J an
10
Mar
41%
47%
44%
109%
3
Jan 28
Feb • 5
.121/3 Mar
Jan
105
22
Jan
22
29%
24%
12
3'/4
28%
28%
141
Sep
Nov
36'/4
7
Jan
.100
preferred
23%
14%
•
Jan
18%
23 '/4
33%
27'/4
1
Southeastern Greyhound Lines—..5
23%
47
42%
Mar 10
15
Socony Vacuum OH Co Inc..
South Am Gold
platinum
14%
27
Feb 23
16
Typewriter.No par
23%
>'
37
No par
—10 :■
Smith (A O) Corp
159
*147
Iron
preferred
$1.20
1,190
&
114"
2%
15
Steel
Jan
96
8
Jan 27
20
Skelly Oil Co
Sloss-Sheffield
3 '/a Mar
47'% July
6%
27'/2 Jan
5
26% Jan 15
11% Jan ;5
8
1% Mar
Jan
19%
Feb 26
4
36% Mar
Jan
105%
26% Mar
Feb 21
16% Feb
—No par
35
Feb 16
Feb 28
Mar 10
Jan 5
10% Feb
7
6
Jan
y2
15 Vb
^70%
14'/4
75
'
25%
26
27% Nov
32% Jan 11
Feb 18
JJ
%
43%
110y4
No par
1,200
3%
27%
No par
28
No par
No par
No par
Sharpe & Dohme
$3.50 conv pref ser A
y
5.1%.
:
$5 conv preferred
160
"/
10%
10%
v
8,200
75
*73%
10%
26%
No par
5
4,800
18
13%
par
Corp
887/a
14%
3%
26
Savage Arms Corp
20
.
No par
—100
5
5
100
No par
No par
Safeway Stores
5% preferred
17%
69%
25%
27%
26
preferred..
700
;
10
10#
100
Francisco
non-cum
88%
---
13%
,..„,51'4-
3%
6%
18
10%
26%
*3%
*25%
26
2%
Lead
Louis-San
88%
*73%
26 Va
■
3
ISt
200
24% i
24%
St Joseph
Schenley Distillers Corp
5%% preferred
51,400
108 % %
108
24%
14%
'10%
3%'
109
69%
,
2,600
"
/
f.
39
//...17%
70
80
110
88%
•13%
*51%
26 %
39
*109
3/./;
1774
70
39
*24
88%
17%
107
*105%
110
v
'
*108%
24%:
14%
:
106
39 ?"■
no
-
-3%
.
7%
48 %
2%
10%
26%
3%
*25=4
26
*51 'A
26%
*3%
■
7%
44%
108
6,800
'
'
7%
...5274
10%
10%
KG*.'
26%
26%
*3%
75
*73%
75
113
*112%
44%
88%
13%
*73
•
113
7%
110
•::
69%
13 Va
112%
46 Ms
44%
*24
14%
2%
113
*108%
17%
:•
45=4
774
39%
88%
17
*
%
;
*109
2%
86%
8
44%
*106
24%
86%
*16%
=
7%
39%
*24
29%
43%
'
110
*108'.4
24
113
109
109
■
%
45%
108
39%
no /;
110/v
.
45 Va
*106
40%
4'rj
7%
44%
7%
44%
39%
%
%
*7%
,110
13
%
> 41%
*107
29%
85
-!!
%*
*112%
29%
*%
n
aa
*45'/a
29'/a
29
v
*%
%
31%
Dec
115% July
2% Mar
6% Mar
1%
Jan
9
Jan
38%
Mar 10
10 y4
Jan
44%
Jan
40
Dec
Dec
May
11
28%
34%
Jan
15
28 '/a
Jan
38% July
55
Jan
22
46 y2
Jan
43%
114
8%
Feb
16
37 Va
Jan
60
Sep
45'% May
Feb
15
30%
Feb
65%
Jan
6
Jan
15
7J/a
Jan
14%
6
4'/4
Jan
14
Dec
Xl7
38%
13%
10%
16%
9%
16%
60'/2
124
5%
Jan
Mar 10
Jan
16
,
Mar
8
Feb
2
Mar 10
Jan
21
Jan
10
Jan
6
5% Nov
9% May
Jan
31% Mar
25
58 % July
14%
5% Jan
5%
Jan
48 y2
Jan
66
May
Jun
July
Sep
10% May
15 Va
Dec
63% Mar
Apr
130
Sep
4% Nov
6
Oct
122
:
..-WW-
Monday,-March 13, 1944
CHRONICLE
COMMERCIAL & FINANCIAL
THE
1054
Range for Previous
STOCKS
AND HIGH SALE PRICES
Wednesday
LOW
tfatnrday
fc
f
6 74
674
634
18%
781/4
?7674
"21%
22
"30 3/4
32
774
1874
1874
77a
IS3/!
*78
Sunshine
13.400
Co (The>:
No per
Superior Oil of Calif—
—25
Superior Steel Corp—.
100
79
79 ¥2
400
23 ¥2
23%
3,300
31 ¥2
900
11%
11 ¥4
1,200
Sweets Co of Amer
30%
31 ¥4
3,200
Swift & Co
30%
3074
2,100
Swttt
303/4
23
31
5,300
Sylvania Elec Prod's Inc
7874
78 '4
78 74
22 3 4
227 a
31%
3174
3174
3174
31%
31%
32
11%
1174
1174
11
11
307 a
3074 :/:/
30 3/4
31
2974
30
30 ¥a
30%
30%
31
3074
31 ¥4
7¥e
774
7 3/8
774
".8%
874
8%
8 ¥4
*3174
11 ¥2
11
11
30%
30%
3074
3074
30%
3074
29%
2974
29 3,4
2974
29 3 4
29%
293 b
29l/a
29 74
29
29%
6%
6%
74,
•/
3074
•'
.
«
.
874
&>.
7 ¥1
874
Y
International Ltd-
8 ¥2
*47
49 %
*48
-
*11
•49 ¥4
4
11 ¥4
474
474
474
3574
35 ¥4
17 ¥4
1674
17% V
10%
10
10%
1074
21 ¥2
21 ¥2
2174
18 Va
17 3/4
18
8 V2
*11074
774
774
774
2
103
27 ¥2
1774 .•18
5374;/
•533/4
*8 ¥2
8 74
47 V4
*46
y
774'
13%
36'¥4
3774
3774
"2%
2 ¥4
*2%
274
14
28 7'a
2874
2874
47
47%
48
3 ¥2
.
19
*13%
16 ¥4
16 ¥a
21%
213/4
2174
30
30
30
•
103 ¥a
*7
7%
*774
81 ¥4
80 ¥2
37/a
7 ¥4
7 ¥4
7%
1674
10
56 ¥4
974
54%
54 ¥4
5474
5474
56
10%
1074
10 ¥2
1074
1074
10%
-10%
78
7
78 ¥4
77 7874
79
78%; 79%
7874
114%
114%
*114%
10 '
tr
.-
Film Corp.—No
pt>ferred
—No
prior pfd
No
City Rapid Transit
No
par
100
1
preferred
Twin Coach
33
4%
Feb
12 ¥2
Jun
22 ¥2
Jan
27 ¥2
Nov
2
27 ¥2
Nov
35 ¥2
Apr
5
22%
Feb
35 ¥2 July
Jan
8 ¥2 May
Mar 10
>
Co-
574
874
Jan
1374 May
Jan
5374 July
3¥a
Jan
674 July
33 ¥4
Dec
413/4 July
874
Jan
18
774
Jan.
16 ¥a
"•
2874 July
•
6 ¥4
'
¥2
5374
Jan
2
Jan
52
Oct
95
Jan
974
Sep
49
Jan
May
674 May
Jan
3
Dec
July
8
Jan
4
33 ¥4
Oct
14
Jan
35
July
13 ¥4 July
Nov
874
Jan
15
26 ¥4
Feb
34 74
Dec
3
Mar
2674
Jun
1¥« Jan
Jan
16
July
974
Jan
1574 July
94 ¥a
Jan
103 ¥2 May
2374
Dec
3474 Ma:
4074
Jan
50
674
Jan
10¥s May
15 ¥4
Jan
1%
Jan
9
974 Jan
15
69
16%
Apr
474 May
v
90
Jan <•.
<
July
25 74 July
Jan
11 ¥1
May
¥2
Jan
974 May
12%
Jan
2474 July
6
34 ¥2 July
8
25
Jan
23
99
Nov
101
Jan
/
307a Mar
103 ¥a Feb
Feb
8
Apr
5 ¥4 Mar
41%
17% Jan 31
22% Jan 11
1
Jun
45
Jan
9
Jan * 3
July
874
Jan
91% Mar
4
May
May
Jan
,
3
24
4
4
Mar
22
82
,,
Mar
1474 Feb
5
Jan
474
35
974 Feb 25
1974 Mar 10
10
.
Feb
8
Par
17%
310
3,900
32 ¥4 July
Jan
77'e
1574 Feb 17
21 ¥s Jan 3
2874 Jan 4
100
Jan
5
5¥a Jan' 4
68 ¥4 Jan 6
874
par
par
Twin
Feb
Jan
85
y
1
;
$4.50
900
1,300
y
/•
•■:-'
Corp..
$1.50
5,400
•
57
1074
.
—No par
Corp——,-No par
Rayon
20th Cen Fox
10,400
■
7-
80 ¥4
10
81
10
10
974
7
...7
<
80
81
81
81
81
974
3,000
7 74
7%
7%
7%
79 ¥2
103
1
preferred—
.$6
Truax-Traer
Tubize
3074 i
30%
v
350
Jan
26 ¥4
3274 Feb
33% Jan
5
Jan
8
18 74
12%
3 ¥4
-No par
Tri-Continental Corp_
1,600
-
•
y
22 ¥4
22 Va
*10274
103
•/■ :
•
7.'
;
974
16¥2
30 s, a
3074
*10174
:
91
y
974
2274
22%
3074
90
.;••:
yiy
16%
16%
22 ¥2
Transcont'l & West Air Inc
Transue & Williams St'l
37,000
-
.-10
2
—5
Transamerlca Corp___
2,500
4
4
/:
9
103 ¥2
30
2,300
200
T
Axle———10
Bearing—No par
Timken poller
14%
*13 ¥2
91%
9
167<4
2274
,
91%
9%
'
4
,
3%
'■/.
91
Tlmken
1,300
19747;
par
par
Detroit
6,100
Y
■
9%
974
,
19 ¥2
14
*10174
102 ¥4
7%
774
81
9 ¥2
93/4
*10174
7
:
,
pdr
preferred.——No par
$4.50 conv
770
'
14
is y4-
3074
/
48 74
y
14
9
22 ¥a
30
102
10174
*80
2174
y
28 ¥2
19%
374
'
16%/;
2774
48 ¥4
974
r
19%
9
1674
16%
9
19%
90
90
9
9% "/
Vr'-:v
;;
9
13,100
7Y.
25
—
Products —
No
Thorapson-Starrett CoNo
$3.50 cum preferred
-—N<
Tide Water Associated Oil—
1,500
-
1474
(J R)_
Thompson
-2,100
10274
4874
19 74
<■
20
1974
:'&4
28
473/4
2% Yv
-
Transit Corp-No par
Avenue
Thompson
>1,000
1,500
13%
14
y.;.
-
374
3%
90
90
•/■ *9
y
9
14
7
¥2
3
3%
90
y
9
1874
1'
14
'/
9¥a
y/S
*8 7 a
9 y-
X2774
•
10274
y.
Third
.7-1,800
5 ¥2
1474
8
48 ¥2 Mar 3
6¥a Feb 11
ll7/a Jan 5
50¥4.Jan 10
5¥4Jan 15
3574 Feb 23
1774 Mar 8
10¥4 Jan. 5
24 Feb 18
18 ¥4 Feb 21
SOMt.Feb 4 „ 54 Feb 21
5% Jan . 6
9 Feb 16
92
Jan 31
112 Feb 16
-7% Jan;26>
8¥a Jan 31
43
Jan 11
47 ¥4 Feb 23
4¥i Jan 19
6¥2.Feb 11
12 Jan 3
13¥2 Mar 8
3274 Jan 10
38 / Mar 10
2 Jan 6
4
274 Jan 17
lSVa Mar 6 , 2074 Jan 14
3
13 VFeb 33 . . 14¥a Mar 10
10074 Jan 33 - 104¥2 Feb 3
25 Feb 21 ¥ 2874 Mar 8
Jan 3
46 Feb 21 y 49¥2 Jan 25
.
-
—
-180
w
■
1374' 7
274
74- 10274
x 102
■;
38
37 ¥2
14
13%
10374
103 ¥4
280
6,700
y
4674
*13 ¥4
:y
19 Ya
19
14 /■'/•■■■
1374
14
47
19
90
19
19
19
1874
■
27 ¥2
*13 74
//;v:
y'
400
-•
774
"
5 ¥2
574
5%
*13%
2%
7
112
4674
5 V4
103 74
/"
47
13%
574
47
*1874
77'4
3774
13 74
,
11174
8
par
preferred—---rNo par
The FairNo par
Preferred
100
Thermoid C(r_
——T—1
/
$3 div conv preferred——-10
$3.60 copv
'
112
*45
46 ¥2
2,100
170
8 ¥2
8 ¥2
874
*8%
13 ¥2
.
7-
-10
1
100
Coal & Oil—
Land Trust——
Texas &,Pacific Ry Co—Thatcher Mfg Co—
—--Na
Texas Pacific
4,900
(-
18
52%
3674
574
24
*52 Va
Feb
•'
>
—No par
—No par
Texas Pacific
20.800
*17 ¥2
X7T4
'■
Texas Gulf Sulphur
:7 6,600
y:r
17%
13
13
■yy
774
10
23%
y,
'3,100
173/4
9%
53 ¥2
"111
>
8
467-4
•
>3.200
(The)./
~JL
Texas Gulf Producing
Texas Co
4,200
•:
17%
iiiv2. 112
■/■:
'
46'74 '
357/3.
•35 74
Corp—,
Tennessee
*1,500
•.
.
53
10374
¥4
9
9
19
*974
8%
111-
474
1774
•
-
;
22 Va
2274
23
22 74
,
Y
35 ¥a
10 ¥a
27%
y'/- 27 ¥4
46 %
*102
173/4
9%
574.
10374
Y
10374
2774
v
17 ¥2
10%
774
137/a
16%
1774
10
537'4
18 ¥2
2174
17 ¥4
274
1374
30
17 ¥4
18 74
2
18%
3%
35%'
*874*
35 Va
'
•
14
9 %
357a
"
103%
-
3574
22
;
1874
*89
35
,
:
5%
35%
474
y\ y
10%
5374
13
*1274
■i 2
*13%
474
•
4674
14
19
4%
5
'
*11074
47
574
574
13
/••
4%
*474
'
Telautograph Corp——
1,700
4874 y
'■
774
*46%
47
35 ¥2
9
48¥»
18
111
1874
*
48 ¥4
48
22
••'■'//
874
*8%
110 ¥2
2
4874
y
10
54 <■/
*537a
537a
874
108%
*35
48 ¥4
;
3574
17
/y
22
1774
574
5%
1174
48%
474
17
1274
574
11 ¥4
<
35
3574
*46 ¥2
574
11 ¥2
48%
4774"
53 Va
5%
*1174
48 74
3574
•
5:»4
1174
11%. /
47 ¥2
'■•'••'-••y*
534
*11 ¥4
574
5%
J an
7 Jan 5
42 Jan t 3
,/ 474 Jan 12
}
103/4 Feb 15
45¥2Feb/ 7
4¥2 Feb '28 ;
34¥eJan 7
14 ¥4 Feb 4
;> 874 Feb; 9/
17¥2 Jan 4 '
1274 Jan 13
9
-50
—5
5
25
preferred—
.5¥2 % .partic
Apr
Jan
12 Vb
5874
mmmmm
'
874 Mar 6
Talcott Inc (James)
7'7/1.700
Y
4974 v?
*48
4974
*47
49 %
*48.
49 ¥4
*48
11%-
-117%
c,43/4
v
'
/
57a
'
:
4774
!:<•'.
•■'/
•
117a
5 ¥4
574
*5 ¥4
874
8
8%
Y
■
874
774
374
8
2
3
Jan
6
Highest
I per share
share
11% Mar 3
3174 Feb 16
—,
1
>■
Lowest
S per
7% Mar 10
1974 Mar
84% Feb
31% Mar
2974 Jan 28
8¥2Jan 4
27 ¥4 Jan 3
2774 Jan 10
...29
Feb t 7
No par
Symington Gould Corp—
23,100
t
*8
(The)
V*
235/a Mar 10
17¥2,Jan 27
72
Jan 3
20
Jan 4
10
12¥a
-25
Sutherland Paper Co—
'
7
7
674
4-x
7
7
23%
23
/
Mining
Superheater
*31%
79
23
/'■
79
*78
31,200
3' 7
5% Jan
10c.
Co
774
193/8
Highest
$ per share
I per share
¥4
7
183/4
Year 1943
January 1
> Lowest
-
Par
18%
7 ¥t
197a
/
2274
22
10%
103/4
7
7
.
187a
18%
18%
"7614
"18
7
■
Range since
Y
.77" ••'.•./
EXCHANGE
Shares
I per share
$ per share
t per share
I per share
share
f per
per share
6^4
Mar. 7
Mar. 6
Mar. 4
NEW YORK STOCK
,
the Week
Mar. 10
Mar. 9
Mar. 8
Sales for
Friday
Thursday
Tuesday
Monday
85% Feb
Jun
/Jan.
67
28
Jun
Jan
1174
Jun
6 ¥4
10% Mar
8
5874 Jan
28
Oct
974
77 74
474
9
U
54%
10
10
*54%
5474
114%
116
113
*112
•
*114'/a' 116
112
18%
101 ¥4
102
9374
93
93.
27
2674
2674
28 ¥4
/
:
1874
1874
183/4
*2674
29%
29
26
112
"109
"62%
"23%
1%
1 ¥2
34%
'34%
•
793/8 7
13
12%
'
98 ¥a
104'/2
¥4
2%
2 ¥2
274
31 ¥2
31 ¥2
31 ¥4
31%
*104 V4' 104 ¥a
104%
10474
-/¥ ■ 5 7
574
5
"4% /' 5
5
.
2%
1%
34%://;
13%
133/4 4
98
98
98
' 7
"s%r"""7
■
174
xl 74
32
5 ¥4
7/; 5 %
574
9*%
9 ¥4
.102
'
102 ¥2
10274
¥2
18
18
V
18%
1874
1874
1874
18
"71
72
71%
71%
72 /•
72%
7274
7374
"176
178
"
17%
10 ¥2
10 ¥a
*10%
*17674
17874
176
178
*176
10 ¥2
"10%
v
10%
17874
10 ¥a
1074
:;-
: *46
-
::v
33 ¥4
3,000
,
1,270
'
*17674
178 34
VY
1874
73%
"'<•70
*45 V2
2,100
'
30
.
800
10%/%
'
t
*46
45%
46 77
3734
37%
37%'
38 ¥4
•3874
38 s4
38 74
38%
37%
*6%
6%
77 *6%
674
6%
674
674
6 ¥4
6%
6 ¥4
*674
"6%
22 %
2274
223/4
2374
22 ¥2
2374
2274
2274
22 ¥2
22 %
//
*46
22 ¥2
112%
"111
6
32%
32 ¥4
46
1%
1
42%
1%
42
*70 ¥4
24%
*24
24
%/
7/
6
67/8.-•
v'
9 74 ¥
9%
974
32 ¥4
3374
44%
44%
45
/
35%
53%
674
••
48 ¥2
47%
46
"27s
54 ¥4
5274
;
5274
37
36 ¥2
1%
1¥4 '
174
4474
4574
13874
*137 ¥2
13874
54 ¥4
54 ¥4
54 ¥4
54%
71 ¥e
*70%
5474
7174
*70 ¥4
45
8574
*83%
85
*15 ¥4
16
16
*15 ¥4
*137 .: 138
52%
12134
2474
24%
r
*46 ¥4
48 74
48%
<
*46
48 ¥2
"•
48%
274
2%
3 ;
3%
234
84
<
1674-
374
2*4
*83%
16
*3%
2%
8574
16
4
75
74
74
*168
169
*168
18%'
19
19
1974
19%
50
11
11
11
1174
11
107b
"39
39 ¥2
39%
3974
44
"68
74
*70
44
44
76
*22
43a
22%
¥2
45 ¥2
*69
74
*65%
76
*6874
22
22
2274
434
4%
4%
58%
58 ¥4
58 ¥4
58 ¥2
116 ¥4
*115%
116 ¥4
*38%
*38%
39 %
39 V4
34
34
34
*108
115
*108
*145
*145
*148
footnotes
see
*38%
*3334
34
115
4%
58
*115%
51
50
48
47
*108
For
46
*70
•',
*115%
45
40
36
7434
169
40
page
1055.
*3674
*73%
*168
41
36%.
7474
169
41
*117
*117
*117
"117
36
*73%
"10%
:
.
-
*46"
3
47
72
*65%
76
76
*6874
76
2274
*22
22%
474
58
11674
52
3914
34
114
474
4¥a
5874
59
*115%
116
50
*38%
3334
*108
*145
*83%
1674
*334
*3674
*74
*168
1974
*10%
41
117%
46%
4674
*2%
3
50
39%
3334
114
2%
8574
1674
4
36%
7474
169
*46
?'/
3
2%
*83%
16%
*374
17
4
36
74
*168
100
300
r
>7
120 /
20
1174
1174
*41
-
4174
r
*117
*45
*65%
76
*6574
76
*68 ¥2
76
*6874
76
*22
22 34
*22
22 3 4
200
474
-2,100
474
*58
*48%
*387a
3374
*1067/2
*144
4%
474
59
58
116
116
50%
3974
3374
114
48'4
*38
20
»
230
*33%
34
110
600
Feb
24
Jan
11
i.
.50
J
No par
Preferred /
a,-—^
100
U S Tobacco Co
No par
1% non-cum preferred-,
25
United Stockyards Corp
——1
United 8tores class A
a
5
$6' conv preferred-—
_No par
Universal-Cyclops Steel Corp
1
Universal/Laboratories Inc———1
U S Steel Corp
~
Preferred
No par
8%
preferred—
A
—^.25
—25"
S%
preferred
Vulcan Detinning
Preferred
Co
,—100
100
68
Jan
26
Jan
1% Feb
Jan
14
99 /Feb
26
Jun
li Jan
2
¥4 May
;
3574
Sep.,
—7 % -JafT"
15% Sep
9474 .Dec
96
27/a
17
9
Jan
10
Jan
■
66 v
Jan
July
974
38 ¥4 ,Jan
5 ¥8
Dec
:
Jun
35
76 ¥2
Sep
Jun
274
Dec
3374 Feb
2
1674
Jan
29 74
Dec
IO434 Feb
21
99
Dec
19
3
9
/:
3¥«
7
4
21% Feb
75
16
75%
Oct
168
Dec
181 ¥2
Apr
574 Jan
10 ¥s
Oct
44 ¥2
Nov
17
Feb
3874 Feb
26
,19
3
2
393/4
Jun
1
30
Jan
4
Jan
Feb
28
23% Feb
•
26
Feb
21
7
112
10
13%
X4274 July
774 Apr
1974 Apr
Jan
3
8% Nov
18
9 ¥4 Jan
25
14
474 Nov
5
6 ¥2 Jan
Oct
114
Jan
108
■
27
Dec
Jul?
Jan
7
46
7
19
59
11% Jan
4
99%
Jan
5
Jan
178 74 Mar
10
Apr
13 ¥4 May
9 y8 ,Jan
17
Dec
574
Jan
84 ¥2
1
104¥4 Mar
Apr
100
474 ,Jan
Jan
3
VH 874 July
974
Jun
37 ¥s May
337s Mar 10
29 ¥a
Jan
6
29 74
Jan
42
32
Jan
4474 Jun
374 May
46
Jan
26
i'i Jan
274 Jan 20
2
25 ¥4 ,Jan
4674 Mar 10
7
Jan
Mar
39
Mar. 4.
Feb
.7
5% Mar
10
10
Feb
13
7
3
46 ¥4
Sep
101
Jan
130
Dec
j Jan
11
46
Jan
62
May
,Jan
24
6474 Jan
74
Jan
I 58
17
4774
59 74
'
6
July
8
138 ¥2 Mar
73
! 54%
12274 Jan
Jan
Nov
July
July
Apr
Jan
125
3
24% J&n 24
20y« Nov
29
4
48% Feb 23
V 42 Va Jan
50% Aug
Jan
28
3 ¥8 Mar 10
174
Jan
374 July
Feb
19
%
27
Jan
Jan
Feb
10
17% Jan
18
4
36
Mar
Jan
13
75
Feb
Feb
52
Feb
114¥a Jan
3874 Feb
38¥2 Feb
3374 Mar
102
Jan
8
4
4
3
28
7
15
11
7
4
9
7
17
10
9
4
Feb 14
3
Jan
88,
1374
..
6
474 Jan
169.
Feb
Dec
2034 July
Mar
3474
110
154
30¥a
7
20 Mar
11 ¥4 Mar
41 Jan
118 Mar
47
Jan
66 Feb
70 Feb
23 ¥4 Jan
43/4
60 ¥2
II6V2
52
39¥2
2%. Nov
59 ¥4
16
25
150
NOV
41 ¥» July
75 ¥a
July
165%
Nov
1574
Jan
874
Jan
25 ¥a
Jan
Mar
2574 July
12%
Feb
37 ¥a
Oct
120
Oct
40 ¥e
*
Jan
65
Feb
67¥2 May
20 ¥2
11
44 ¥2
57
25
Dec
51
8
11
Oct
July
Jan
8
115
6 ¥4
Jan
8
8
3
Oct
Jan
56
4
86
Jan
Jan
112
18
3
13
Jan. 4
Jan 1 4
149
X26
2¥a
1774 Jan
9 ¥4 Jan .
37 j Jan
11674 Jan
41% Jan
63 ¥2 Jan
70
Feb
21 ¥a Jan
.
Jan
1774 Jan
JL
2
31
.
Jun
18 ¥a
60¥4 Mar
,
4
Jun
Jan
2374 Nov
Jan
7074
164
¥4 May
69 ¥2
55 ¥2
3674 Jan 25
.
1474
3%
.
22
114
16
5
21
9% Jan
Jan
274
.V Jan
109¥2 Jan
18
14
22
3
,
100
No par
2.50
Van Raalte Co Inc..
i
5
7% 1st preferred
-100
Vick Chemical Co
5
Vlcks Shreve & Pac Ry100
5% non-cum preferred
—100
Victor Chemical Works
8
Va-Carolina Chemical— No par
6% div par tic preierred
100
Va El & Pow $6 pref
No par
Va Iron Coal & Coke 5% pfd
100
Jan
11374 Jan
29
Feb
274
76 /
Jun
9
6
2274 Jan
Jan
,45
No par
—:
Universal Leaf Tob—i
Mar
3374 July
17
5074 Jan
xll9% Jan
•
111
May
114¥a
Jan
173/4 Jan
8
27a Jan
'Feb
52 ¥2
70, 'Jan.
—50
;
Mar
40
X24% Nov
93 ¥2
27
9
Jan
130
Virginian Ry Co
39 74
*10674
*144
1,000
5874
116
4874
preferred—,100
Van Norman Co—
1,000
30
106
Jan
Feb
1
Ref.fc Min
Preferred.
.
Vanadium Corp of Am
30
28 ¥2 Mar
80 ¥2 Jan
Jan
31
40%
3574
40
4.400
1,000
97
Jan
7% Jan
Jan
574
874
10
1.000
•:
19%
117a
46
"115%
U S Smelting
250
'
46
46
.
1,000
v
>
"
1,200
109
d-9%
41
8^ non-cum.1st
■
Jan
24 ¥4
5674, Mar 10
Jan
3574
5
16¥s
" 110
.•
No par
U S Rubber Co—*
♦
20
11774
U
,
3,600
r
36
74
!
130
374 V
2%
85%
900
30.700'.
3,900 :
800%
f
121%
24%
84
19
"
12134
24%
*3%-
18%
53
121 ¥2
53
"j
-100
■
2434
5274.
Plywood Corp.
.a-,
S Realty & Impt—i
500',
;
—
& Foundry—
S Playing, Card Co_
U S
'
53 74
35%
18%
1
.
<34% \
72 ; 7
12174
169
169
r
243a
•374
7474
:
U
32.900 '
12174
*15%
3'4
5,900
"
1 527s
'
357s
■
1¥4
4674 ".
v
3 6 ¥2
*374
*35
37
/
238
*8374
.
24
24
2%
238
•
1,200
1217. 121
274
27/a
■2%
"
174
*7074
70 ¥4
3
2%
*2 7 a
200
46
7974
9
4
Jan
42
•
—
U S Pipe
¥2
*45
Preferred
V:
600
1,800
28
Feb
.6
Feb
97% Jan
Jan
1474 Feb
7074
Jan
170
Jan
8 ¥2
X
—10
—20
10
—_ 1
7
U S Lines Co—-
10,100
/
-
-
46
9
457a
138
,
32% 7 3374
32%
46 ¥2 '
*45
8,100
674
9
6 ¥4
9
9
300
1".
112%
*111
1%
/
138
138
6 ¥4
32%
36%
36
36
112%
*110
4414
174,
44%
7074
72
121
12174
24
5374
52
51%
¥ 121 ¥2
51%
51
121 Va
137 ¥2
*70 ¥4
'72
674
1V8
5334
'54
*53
35%
43 ¥4
137%
136 Y
136
32
l¥i
%
11274
*111
3274;:
*9 7'
42%
42
//,:
112 ¥2
*44 ¥2
351/2
35 ¥2
353/a
35%
323/8
46
46
"44
9¥a
*9
9%
32%
*111 :
574 7
6
5%
6
.
"9
112%
*111
23
38
38
Co—1—4—
No par
U S Gypsum Co—
—20
7% preferred
100
U S'Hoffman Mach Cbrp_
—5%5%^-conv preferred
50
U S Industrial Chemicals.^—No par
U S Leather Co
v
No par
r Partic & conv ci A.,
No par
Prior ^ preferred——
100
Oct
96% Feb
a* >
Feb
7%
—No par
No par
Secur
1st preferred
>
102% July
12
28 ¥2 Jan
y 9874 Jan
4
Oct
•22 74 July
.
28
12
.
Apr
114 ¥2
Jan
5
<
Jan
,
8 , Jan
27
Jan
75¥4Jan
xl74 Mar
U S Freight
'
2,300/
4,100
74 74 •/
"37%
"46
$6
150
;
18% ¥
1074
U S & Foreign
11,800
103
*17674 178%%/
10%
4.400
?•:
9 ¥2
9 ¥4
*102
72%
10%
5
5
/'•
18%
1874
7274
Coal Cos,—5
Engineetiug & Fdy———5
Fruit Co„
No par
United Gas Improv't ex-distribtionUnited Merch & Mfrs Inc—
1
5% preferred ——100
United Paperboard—
—10
y 50
United
;
10474
974
102%
974
9 VI
.
10172
2,700
32%
10474
100
United
63,500
•: •>
.j-,—No par.—LflSAk^Jan
6
Feb
—
United Electric
'
104 ¥2
32
V.
¥
134
1%
v
400
Jan
8
Feb
X118
Jan
1574
80 ¥4
-4
Corp——__1
Preferred
.
3,000
r
¥
preferred
'United Dye wood
.
10574
6
24
Mar
113
cony
$4.75
'
1,800
330
79
78%
•
500
28
28
79 ;
-
6,800
<
8%
874
8 ¥4
v
5674 ;
5474
28
"
101%
103
*101¥3
103
9
8%
8 3,4
8%
8%
103
18,800
347a
''10474
5 ¥4
*
13 ¥2
104%
".
54,200.
-
:
35 77'
79
31%
3174
104
174
8 ¥4
2 ¥2
VA
•
*23 ¥2
174
*27%
'
79%
78%
7974/
24%
174
'
400
24 ¥2
"—674' —err
53 ¥2
53%
874
28
100
1,200
'
98
:
53%
8%
-'*2774
28
*27¥4
-
64 ¥2
64 7/
13%
:6%"
53%
8%
8%
874
28
98
*9774
53%,
53%
55
7"7
1374
-*674"
6V4-
■
*
78%
31%
104%
6
78 v
2%
2%
"31%
-
.
600
/¥
,
112
*109
64
35
1374
'
2174
21
v
112
3474
3434
.
98 ; /
98
-
-
■
213/4
24 ¥2
-174
783,4
¥
1107a
111
64
25 74
174
8%
*11074
6374
17a
13 74
*26%
5,200
*10.9
112
2574
3 5 V4
*53%
2674
27
25%
25%
1%
8 34
28
"78%
63 74
3474
'
"8%
267a
*21 ¥4
63 ¥4
6%
54
54<
"26%
2674
26%
1174
8674 May,
Jan
19¥4 Jan
104% Feb
preferred
United Air Lines Inc
4%% .preierred
5%
Jan
113
July
59
Jan
8
x76% Dec
15
115% Jan
,—5
27
Jan 3
100
100 74, Feb 24
-10 V 22% Jan 19
1—T
100 v. 10274 Jan 19
United Biscuit Co
—No par
2074 Jan 12
,5% conv preferred—
100
111% Feb 23
United Carbon Vo
No par
62
Feb 7
United-Carr Fast Corp
.—No par
:/ 22
Jan' 3
United Corporation
No par
1 ¥e Jan 3
■/•■.'
$3 preferred—
—No par
3a ¥4 Feb 17
United Drug Co——
—5
1274 Jan 27 t
900
42
10% Mar 10
6
82% Jan
1
United Aircraft Corp
8,900
110 ¥.
IV2
98
98
29%
103 ¥2
2174
35%
■"-*=€•%—
"6 %
29 ¥4
110%
preferred
non-cum
Union Tank Car
10374
110 ¥2
63%
900
2974
*21 ¥4
*109
2774
103 ¥4
26 ¥2
112
4%
300
93
27
10374
103
2174
1%
123/4
12%
12%
"97%
29
110%
*109
112
2,700
-
/
93
26%
263/4
26 ¥2
7
103 ¥4
103
Union Oil of
5,300
•
Jan 10
Feb 7
Feb 25
Feb .19
No par
10974 Feb 5
25
1874 Feb 3
.100
93¥2 Jan 3
^—100
92¥2Feb 1
No par y; 2674 Jan 11
Preferred $4.50 seriesCalifornia
Union Pacific RR Co
¥
V'% 40
93
2974
103'
'
103 ¥2
93
2674
103
3434
3
102%
26%
62% '<62%
25 ¥2
*23%
25%
19 ¥a
1095/a
2174
63 ¥4
11274
18%
*21 ¥s
*
110 ¥2
"21%
*109
115
11274
2674
29 ¥2
103
115
19
•77 2874
27
.
2874
26
*109 ¥2
213/4
"21 %
27
102 ¥2
26
26
:
111
"109%
7..
20
116
9374
*92 ¥2
94
*93
7,500
v
113
18%
-
10374
103
102 ¥2
102%
102 ¥4
102 ¥3
102%
102%
19
19
'
79
51 ¥4
9 ¥4
76%
113
No par
Fisher Co
& Paper-;————No par
Union Carbide & Carb_
No par
Union El Co of Mo $5 pfd—No par
Union Bag
23,700
ioy8
*112
4 '
113
19
19
29 ¥4
"
*93
113
Under Elliott
1,500
*114%
11677
113
*112
113
102 ¥4
*
.
77¥a {78 7y- 7/
77¥a
767/a
10%
10
7/
54%
55
Oct
Nov
2674
2 ¥4
Aug
Feb
Jan
674 July
Feb
25
39
Jan
68 ¥2 July
Jan
18
115
Dec
Jan
Xl23
20 ¥a
27
Jan
40
Oct
901/.
.Ten
35 74
Sep
Mar
15
7
Jan
15
Jan
6
Mar
Feb
2
28
45
110
150
Aug
Oct
Aug
Nov
Volume 159
Number 4263
THE COMMERCIAL & FINANCIAL CHRONICLE
■■■■■''
1055
NEW YORK STOCK RECORD
LOW AND HIGH SALE PRICES
Saturday
Mar. 4
Monday
Tuesday
Mar. 6
'■
■
I per share
l per
,
J
,
share
STOCKS
Thursday
Wednesday
»
-
Mar. 8
Mar. 7
S per share
51%
Sales for
NEW YORK STOCK
Mar. 10
J
share
$ per
$ per share
Range for Previous
Friday
Mar. 9
.
the Week
EXCHANGE
I per share
Range since January I
Highest
Year 1943
Lowest
Shares
I per share
Lowest
I per share
Highest
per share
$ per share
/////../: W 7;
'
50%
50%
51
51%
51
11%
11%
11%
11%
11%
<■26%
27%
27
27
♦105
*105
110
51%
■
,*105
109%
51%
51%
51%
51-
51
18%
*17%
18%
*17%
18
7%
,*■
tto »•
>.
/
8
7%
7%;
9%
8
.8%,:
.
.
9%
9%
*9%
..
"
8%
109 Va~:
18%
*17%
8%
-8%
8%
■
51%'
52%
Div redeem
29,300
12% Mar
13
27% Feb
106 % Jan
19
106% Jan 19
4
1%
51%
51
12%
12%
23%
12%
*23%
24
■
*22%
1%
•
23
.No par
7% Jan
1%
•'T%
'
;
1%
9%
1%
•*'/•' 1%
*1%
51
51
51
13
13 '/■
13%
13%
13%
10
10
23%
23%
*22%
23%
.1%
,
13%
23%
22%
>
22%
22%
17%
50%
;'i
10%
Ward
3
Baking Co cl'A——No par
8
Class B———
No par
$7 preferred————_«»50
Warner Bros Fictures_w——..5
600
T.%
1%.
1,600
50%
50%:
1,000
/
51%
13%
,13%/ 13%
45
26
7%
22%
'
23
22%
7%
22%
7%
'
22%
•22%
23%
23'/8
.
;
*86%
/ *97%
99
92%
115%,
87
'"*86%.
87
.
*91
18%
'17%
23
26%
26%
/i
24
23%
23
86 %
*98%
99
92
92%
92%
93
115% .115%
115%
19%
106%
:
86%
*4
30%
4
4%
*9V4
:
10 %
44 y8
"
4
.
115%
19%
.
-11 % Jan
Warren-
3
13% Jan
14
24% Jan
15
-
25%
4
:
106%
106 Va
30%
30%
.4.'
,
23
'
*128
.
10%
45%
129
/;
25 %-
22%
■94%
23%
•
*128 \> .129
93
15 Va
Jan
23%
Sep
12%
Jan
20%
Dec
27%
1,300
Wayne Pump- Co—
—1
/
23
27% Mar 10
17%
Jan-
26
7,000
Webster
—No par
-
-
1,400
Wesson Oil •& Snowdrif*.>.„w-No par
$4 conv preferred—
No par
•
•
600-
.
81
■
■
200
,
-'23%/23%
X86
/
93
93
-
.115%
'
110
115%
;
,
230
19%
19%
106 >A
.
19%'
19
106%"
106
•
2,200
106
'
310
30%
31
*30%,
■
4%
4%
9%
*9%
45 Vb
44%
*33
33%
*33
28
28
108%
108
108
61
31
":4
69 />
*68
68 %
19
69
.
*18%
19%
9
10
■
*5%
9%
300
8,900
*24%
25%
5
*4*%
7
*24%
4%
4%
6%
7-
.
*13%
13%
8%
'9%
9
83%
.83
*83
*11%
11%
11%
*121
•■<0
5
:
7
/
13%
7%
11%
13%
11%
38%
38%
38%
39
38%
39 Va
24%
24%
Wilson & Co Inc
59,100
/
85
800
•
•
-
39%
39%
8,100
Woolworth (F
■■
25%
-
25%
26
26%
14,500
*96
Wisconsin El Pow 6 %
7
*96
*86
•
•/>
-
*86
-
•
70
70
70
27%
27%
27%
27%
28%
29
29
29
10%
10%
10%
10%
10%
10%
16
16
16%
17%
17%
16%
17%
35%
36
98%
54%
55%
55%/
55%
56
55
55%
56%
56%
15%
15%
34%
*34%
35%
100
10%
16%
16
34%
10
.
99%'
15%
35%
100
Jan
87%
10
109
Jan
117% Jan
119
11% Jan
20% Jan 14
106% Mar
6
103
Jan
32% Jan
5
19
Jan
4% Feb
17
10% Feb
17
16%
110
Aug
Oct
Oct
Jun
Oct
Sep
17 %
/
85
57%
1,000
56%
*56%
57%
400
85
*83 Va
85
70
*83%
56 Va
*68%
69%
400
29% :• 29%
2,300
10%
36%
36%
36%
37%"-
36%' ' "36%"
99%
;*98%
99%
99%
99%
16%
16%
16%
16 Va
16 Va
16'A
35
35%
36%
36%
36%
4
3Va
.
10%
v
Dec
2%
Jan
6%
Apr
5%
Jan
HVa
Apr
Oct
45% Mar
8
37% Oct
26% Mar
2
22
49%
Nov
24%
Dec
24 ■%
23% Mar 10
15% Jan
98
Mar 10
81
Jan
100
May
July
120
Jan
136
Jun
31
Jan
40
July
29% May
112% Jun
J
Mar
60
Apr
85
Jan
99
Oct
22% Mar
8
18
Jan
69% Mar
9
58% Jan
24% July
71% July
19% Feb
2
15
20
Jan
13% Jan
Jun
3
7% Mar 10
2% Jan
9Va
24% Mar 6
10% Mar 10
24
5% Jan
26
Jan
10
Jan
Jan
86
Jan
27
40
x20%
Mar 10
5
88% Feb
Jan
2%
4
14
12% Jan 12
8
Jan
3
80% Jan
4
•
3%
5
Jan
22% Aug
10% July
7% Oct
8
Jan
14% July
Jan
Jan
9 Va Sep
86% Oct
5
19% Feb
18
22% Jan
~25
17%
Jan
•
36% Jan
3
39 Va Jan
22
30%
Jan
16%
Jan
100
100
-
100
100
20%
105
94
47%
49
81
par
Jan
26% Mar 10
11 Va
121
Apr
Dec
24% July
42% July
25%
105
Jan
27
104
Dec
149
Jan 12
94
Jan
12
100% Oct
134
Sep
Jan
Jan
57% Mar lO
44% Jan
54
Jun
56 Va Mar
46
57%
Jun
5
5
1
Jan
86
Feb
23
78% Dec
70
Jan
12
58%
108
Oct
Sep
Apr
70 Va
Sep
31%
Jan
Sep
7::»
./•■
27% Mar
25
—1
Jan
9
Jan
4
Jan 27
Feb
4
67% Mar 3
par
9
115
par
Oct
Jun
4%
10% Jan
12 Va Mar
Apr
57%
16
-
'' ' 7 "//
;
Co™.
52-
MarlO
Feb
10
13
5,100
Zenith Radio Corp..—
4V«
5,600
Zonlte Products Corp™..
3
35 % Mar
96
Jan
21%
Jan
"7%
Jan
15
30
Jan
17% July
41% July
101% Feb
3
16% Mar 10
82
Jan
98
Nov
16%
Jun
30% Jan
6
31
.17% Mar
38% Jan
1
r
8
11% Jan
6
7
Mar
Youngstown Steel Door™_'™No par
>320
106 Va Jan
62
6% July
7,700
100
16%, 16%
108% Feb 26
100% MarlO
7
14% Jan
36%/' 36%
"22% Nov
2%'Jan
Young Spring & Wire__^^.wNo. par ;;
Youngstown Sheet & Tube_-No par
5%% preferred series A™—™100
5,100
14,100
16
5% Mar 10
„10
York Corp
10,900
17 v
99%
'
1
14
Feb
100
Worthington P & M (Del)
No
7% preferred A™„™™—
preferred B
Prior pfd 4%% series™—
Prior pfd 4Vz% Conv series
Wright: Aeronautical™
No
Wrigley (Wm) Jr (Del)™™Afo
■'
25
Jan
29
14
6
™™10
W) Co„_._
Yale & Towne Mfg.
Jan
34
.
4% Jan
10
pfd
133
8
25% Jan 28
37%
16%
•
*98%
...
31%
27
10
39%
10%
v
57
71
No par
39%
*11%
■//'■/
16
99
8
Mar
24
>
No par ;
i
preferr-ed™™™*
Woodward Iron Co™
.
v:>f/
w-/
$6
Wilson-Jones -Co™™^,
*83 VB
*10%
85
50%
•67% Jan
7
-20
ll
>6%- cenv preferred
4,700
10
9%
par
Motors
1,600
86%
69
27%
Willys-Overland
3,200
69
*27%
20% Dec
10
13
Feb
7'A Jan
•
/ 5
Jan
-x.64% Jan
24
Jan
—
,™5
12
*85
67%
Jan
Feb
93
1
32
Jan
4
25% Jan 13
11
Wilcox Oil & Gas Co
20%
67%
68
100
/ 20%
86%
86%
*67%
-
550
13%
13%
85
•
White-Sewing Mach Corp_
i.1
$4 conv preferred™„™™No par
Prior • preferred
20
7,500
;
56,500
*122
*83
*83
'5%
70
7%
12%
55
55 V4
38,100
White Motor Co™——
White Rock-Min Springs
No
20%
11%
55
*54%
10%
.
7 Va
*122
26%
:
*86
.
200
38,600
3,800
% "*
*54%
1*53%
140
5%
9%*
84
53%
54%
•
24%
7%'
54%
*53%
Feb
x91
Feb
127% Mar
Elee lnstrument_^._..12.50
20 %
-
39%
*96
10,500 ■<
'.24%
'/'/ 5 Va
13%
9%
.
25
/
*96
*86
-
19%
5%
25
.
84%
20%
39'A
24%/ 25%
*96
*86
,
.
103
"
•'
•
20%
/
60
'
11%
*122
20%
24%
26% July
79% Nov
Jan
Jan
3
$4.50 preferred™
No par /■•' 105Jan 12
Wheeling & Lake .Erie Ry
100 / -59% Feb 19
5
% * conv* preferred-/—100
-97% Jan
3
Wheeling Steel Corp»—
No par
• -20% Feb
7
$5 eopv prior prefi^i™>™No par
- >66% Jan 28
White Dental Mfg (The S S)
20
•
-18
Feb
7
50
24%
69
♦
5%
13%
9%
83%
11%
*122
20%
103
Jan
8%
8
89
114% Feb 24
>-16% Jan
4
Westvaeo Chlorine Prod_.«._No Par
/110
69%
.
10
67
*24%"-
13% '
9%
83%
91/2
20%
115 •>
•
24
5%
7%
7%
'/*19%
10%
5%
.5%
83
20%
24%
9%
5%
13%
9
21%
*86
Jan
Jan
101
•
50
Weston
/
,
2i %r-
1
*69%
•24%;
66%:
25%
V
.7%
60
:
■
5%
68
.5%
*20%
*96
Mar
85% jan
•
200
'
100%
21 %
19%
*19
X24 " /■
"
*24%
5
83
11%
'
9% :.;.9Va
5%
'
62
.
100%
69%
69%
,
19%
9
*122
,
24%//
67
62
61%
*21% '1.22 '
19%
83
;
24
9
2%
17%
69
1
8
'
u50
400
7
'
106%
♦107V2
"
24
9%
?
"128
-*27% ' 28
28
61%
69
25%
*24%
13%
13%
69
5%
7.
v.',
Mar 10
7% Mar
Auto
Westmghouse EI & Mtg_:
1st partic preferred.
7,300
33Y2:, 33% '
*100% ;'100%
•
.22%
66%
8,400
'
100 %v
22
5%
23%
'
3,300'
96% * 98
*127
33% /;■
107%: 107%
61%
100%
19%
9%,
25%
108
;
128%
*27%
,
*61;/
66%
/
27%
24%
-
23
-
25"%
23%
>
96%.
V
127%
*107%
.
25%
23%
•
•-..*32%
68%
*18%
"1
67
67
Apr
July
8Va July
'
96
33%
22 '
.
23%
■;
127%
27%-,
61
*68
;
5%
*5%
68
81
Supply Co—
10
-27%Feb 23
Western Maryland Ry_.
100
• •
3% Jan
7'
4% non-cum 2nd preferred
100
IVa Jan
3
Western Union Teleg class A„No par- - 41
Feb 10
Class
No par
- 22 Va Jan
20
Westingbouse-Air Braxe^-^—.No par
- -22
Jan
3
1.700
10
:
.44%: 45%
25%
25%
■
•
•33%
28
.
21%
10
9%
5%
*67
y
-
22% f 23
22%
21%.
24% Jan
83
Jan
3'
-96% Feb 16
•
6%
•Western
6,100
4
"
10%
45% •>
127%
33%
.
.
61
21%
*21%
23%96%
*100% .101/
i 100-1;
X21% ;-21%
100
.
23
94%.
*107% .108
61
*60%
'
10Q
26% v
94%
*27%
*99
25%
.
129
33%
28%
*60%
6
18 V2 Feb
preferred_-«w—>_——„100
West Penn Power 4%% pfd—100
West Va Pulp & Pap Co~/--No par
/■ 6% preferred——
100
200
Jan
6% Jan >3
22 % Jan 26
77
Jan
6
•
,
70
99
Eisenlohr__i
West Indies Sugar Corp.—i.
-.1
West Penn Electric class A—No par
7% preferred—————100
25,500
86
:
*98
,
115%::-.
115%
.
23%
*128
'
33%
*27%
*108
July
15% July
32%
••'7% w "TVa
/' 23Va
23%
99
4%
9%
45
25%
>
93% >94%;
94
Jan
Dec
7%
7
87%
31
3%
*9%
44%
.
25%
25%
56
-
10%
23
19
May
2% Mar
Jan
22
22
22^'a Feb
26
27%
23%
.
98%
.
19%
30%
45
23
11
1
4
81
93
106%
*106
-
*9%
44%
"•
25%
.
13
Jan
1% Jan
27
19% Jan.
"
•
Jan
%
10% Mar 10
51% Mar
9
Jan
23% Jan
83
86%
1
19%
19%
106%
28%
28%
44%
.
4%
Oct
22% Feb
1
16% Jan 21
-
'
•
Jan
>
'•
'
23%/
:
*80
98%
92
.19
106
.
4%
18% May
9% Jun
Waukesha Motor Co—5
22%
7%'
.23%
82
98 y4
;
7%
23%
*80
27'?'
27-
7%
7%
23
23
80%
.
Jim
54%
Jan
'
*86%
i
..
115% 115%
18%
*28%
94
109
Jan
15%
500
■
'
106
.
Feb
38%
1,700
17%
23%
8.7/
99
■
91
116
18%
>•
103
22%'
22 %v
18
..7%
.•
22%
80%
23
,
// 71/4
23%
*80
.
23%
*97
:
28 Va July
173/4 - v, 177/3
22%
17%
.
26%
j 80 %
*22%
80%
23
/
11% May
Jan
Fdy & Plpei_____^_No par
Washington Gas Lt Co^^Jio pat
:
'
26%
17%
.
26
26
7%
•
*30
•
Jan
5
Feb
18
Jan 27
1% Feb
—
.
31,300
•'
: '
22%
22%
C
Dec
7%
20%
'
51,
51
*17%
17%
25%
•
40%
8
11
8% Mar. 9
12
'
.*17%
»
Feb.
17% Jan
r_
24% Jan
52 Va Mar 10
48
preferrecL.^—No par
Walworth Co
•
53% Mar 10
3
19
26% Jan
—No par
—;———100
Walker (Hiram) G & W_—No par
3,300
8%
40
Jan
10% Jan
,
-JVo par
Walgreen Co
4 % % preferred
18%
-
preferred—.100
Waldorf System:
:
800
109y8
51%
;
2,400
27%
*105
51%
*9% / 9%
9%
*27 y4
Wabash RR 4Vz%
3,600
12
*17%
8%.
-53%
12
•
"
*i%
*50%
••
>
-.
*105
.
18%
*17%
.52%
:
.12%
,
26% .27
-
51
50%
Va
*12
•
107%
*105
107%
50%
*17%
/
27
52%
51%
s
12%
26 Va
27
*26%
;
52-.
•
12
•11%
8
Jan
3
33% Jan
3
37% Mar 10 '■
3% Jan 19
9% Jan
>4% Jan/24/
Z
•
*3%
4
4
:
4
::■■/'>■
•i
tin receivership;■/
♦Bid and asked prices; no sales on this day.
a
36%
.4
4
'
,
Deferred delivery,*
n
New. Stock. s r Cash sale,
stocks,
.//:. Number of
'//.■■/,>>/,:■/ /■•/>./'>//
Week Ended Mar. 10,1944
Bond
Bonds
Shares
Exchange
Bonds (Par Value),
(Number
Of
Sales
Bonds
37% July
4% May
Jan
Stocks
Total
Government
Foreign
Bonds
2
Daily, Weekly and Yearly
United States
and Miscet.
19 Va Jatt
y Ex-rights.
x-Ex-dividends.
wd When distributed.
S
I
Railroad
1
Transactions at the New York Curb
Transactions at the New York Stoclt Exchange
l|i I Daily, Weekly and Yearly
Special sales,
s
.™No par
Week Ended Mar. 10,1944
•
•
Foreign
/
Domestic
Shares)
Government
Foreign
Corporate
Total
'
332,440
751,240
Saturday—^™™™.—™™™,.™..™
Monday
..'/
—.
Tuesday
^
™™
1,206,830
™_—
Wednesday
Thursday™—™™™..™_™™.
1,692,575
933,933
.
Friday /
™™™™™™™—.——
total
.
——™^—-
1,147,720
6,064,738
$4,097,900
$430,000
$14,000
8,040,200
527,000
5,000
10,335,200
11,908,500
'
306,000
1,033,000
10,000
$4,541,900
8,572,200
10,651,200
24,000
12,865,500
1,000
8,674,200
6,000
8,241,500
8,295,206
378,000
7,825,500
410,000
' $50,502,500
'
$3,084,000 //V $60,000
Saturdays
—
Monday—
—.——-
279,920
Wednesday——«*•
...—
Thursday——i.—————
Friday—————
795,000
717,000
865,000
33,000
12,000
21,000
4,000
$4,037,000
$172,000.
$22,000
Stocks—No. of shares™—™.
Jan. 1 to Mar. 10
1943
.
1944
7,784,483
43,072,054
$60,000
3,084,000
$22,000
3,170,000
$1,493,350
Foreign
—w™
Railroad
& Industrial.....—.
,™
$4,231,000
Jan. 1 to Mar. 10
1944
1943
1,716,515
1,920,060
12,571,350
12,728,362
50,502,500
$4,037,000
$4,906,000
488,000
22,000
4,000
$40,258,000
1,169,000
178,000
$42,692,000
172,000
100,497,300
756,076|100
757,887,400
$53,646,500
$103,689,300
$778,225,450
$781,872,250
$4,231,000
$5,398,000
$41,605,000
$44,508,000
58,813,209
r
:
Government—
.739,000
1943
Stocks—-No. of shares——.
•6,064,738
Bonds
U. 8.
•
1944
' 1943
'
731,000
943,000
6,000
Week Ended Mar. 10
Week Ended Mar. 10
1944
'■
2,000
714,000
1,716,515
Total-
567,000
■
72,000
244,820
246,550
•
821,000
$10,000
16,000
534,000
330,810
.
$430,000
$18,000
474,675
Tuesday—.—t—-—
$53,646,500
$412,000
139,740
—
20,656,000
/'////'/
Bonds.
r
Domestic^—
$601,350
.
Foreign government
23,383,500
™
•
Foreign corporate—
-
1,776,000
40,000
'
•
Total
Total—I
Stock and Bond
Below
1n
An
are
4*V>
A
the
~
Averages
daily closing averages of representative stocks and bonds
IVTrttw Vr»v»li-
TirvTty
^M
10
30
20
IndusDate—
/':
.
RaU-
trials
roads
18
Utflltlea
TAM
•.
aw
-Bonds--
——Stocks—!—
10
Total
10
First
Second
10
65
Indus¬
Grade
Grade
Utili¬
Ralls
ties
Stocks
trials
Ralls
Total
40
Bonds
March
4.„_.___
136.79
38.12
23.59
49.10
107.04
105.35
76.35
110.24
99.75
March
6
137.21
38.32
23.66
49.27
107.05
105.51
76.19
110.26
99.76
March
7
138.33
38.58
23.71
49.63
107.03
105.55
76.31
110.31
139.50
38.37
23.81
49.85
107.03
105.58
76.52
110.31
99.86
139.33
38.36
23.80
49.81
107.00
105.65
76.50
110.30
99.86
140.01
38,38
23.77
49.97
106.95
105.74
76.38
110.31
99.84
March
8™™„
March
9
March
10
l_
99.80
New>Y©rk Stock:iR%change||lli
Bond Record ««»
FRIDAY
NOTICE
"and
are
when
litters
The'italic
in the column
hided
"Interest
Interest
Exchange
Week Ended March 10
b.
L.
Stock
Treasury
3%s
3'As
3'As
3'/aS
3s
.
1946-1948
3s
1951-1955
2%s
1955-1960
23As__
>—"."1945-1947
2%s
1948-195123As
1951-1954
23As
1956-1959
2%s
--1958-1963
2%s
1960-1965
2'As
1945
2%s
-----1948
2'/2s
1949-1953
2'As
1950-1952
2'As
1952-1954
2%s_„
„1956-1958
2'As
1962-1967
2'As ——
1963-1968
2'As
—June 1964-1969
2'As —Dec. 1964-1969
2'As —:
1965-1970
2%s>
1967-1972
2'As—
.1951-1953
Treasury
2'As—i
Treasury
2%s„
Treasury
Trea ury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury 2s
•—■>.
2s
2s
Treasury 2s—.—,
Treasury 2s—
Treasury 2s_
Treasury
Treasury
l3As
3 Vis
-
>>1944-1964
—1944-1949
Loan Corp—
• -i.
-
-
Home Owners'
3s series a———>—-~——1944-1952
1%8 series M>„
-—>>1945-1947.
v
.'.7
v
M-S
'-7V';~—
M-S
._
—
—
M-S
J-D
—
' ;
M-S
*107.18
-
M-S
*104.1
__
M-S
*103.19
_>
100.14
J-D
J-D
•
__
ikr-S
100.5
M-S
—
':
M-S.
__
J-D
i.
AT-3
J-D
•
J-J
M-S
__
c
J-D
£_
v
M-S
;
.
City i
York
New
Unification Issue—
3% Corporate Stock."
Transit
.
^ 25-year gold 4'As
.
100
100.3,
100
100.2,
'
2:::
100
100.2.
100.1
100.7;
100.9
A Costa
,
8
lOO.l'o:
Cuba
:
Rica
4'As—
loan
106.9
4 'As
•
'
,,
j-j
106.9,
:
gold 5'As—
External gold 4'As„•
„
101~8~ loTsf'
1
'~ti- ~iu
■
100.5
tmm
100.1,7
,/
.
v.
■;
x'.;
*100.13 >00.15
__
,
Gx&els, Goveromenlr—: ■'
'• r "'
,100.13 100.13'
100.28 100,28,.
•
.
;
'2.
;',
J-D
..■:■—r
-
J-D
110'A
;.i:
HO
,
7
-
<;•>
;.;083A 110%.
.55
110%
r~
-
'
%
'
•
5;
<y
>
'72 '
.
:
'
V
—
5
:
*71
,
;
:M-S
i
:
70
:A-0
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t:
s.
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A-O
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5
-
73%
t-
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-.
90
ii't
:
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i-
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i
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.
.
89
{84 %
1'
;
86%
86 »A
:,!■
85
2
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*
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86%
•
"..•m-s
'
70%
■'*$
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T."';
f
: *28 ,: -. 34% n
r 34%: 34%
;
(
99%
99%
>',■ 99%'
>101
77 "
;;.*_.
ioo
ii. ' -Mi '£&?';> : 101% 101%
•
v:
«
75 va
86%
•t
90
-
72 7
.
67%
,i
r.
■
61
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;
tv:iH
lA-Oih';
'.
60%
69
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*
.';*85'A*.--..'
$i"i:-89 %89:
,
146%
26
-
70'/4
*
•
112
60%
V
59%
72'%
69%
;
-V'r/
107 - :■
104%
139%
'
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23-%
100%
:
7
•y;V.,r-1 V
1
60% ;
.
64
„
59%; 60*
.'72
65
(104% 104%
112
60%.
...72%
:;
.107
fr'-r,
:i6d
■
70 3 ;■
*
a-
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-
16 'A'
:
.
16
;
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.
18 V4
80
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.
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.
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'A-O
I960
!
23%
112
.
!
2
59
•
.106
.
J-j
paid..——1964
59
*104%.
i
A-O
■"
(Republic) s'.f 6s series A— 195'j
Helsingfors /City) 'extl 6'As—
i960
Irish'Free State extl s f 5s+„
;.S(50
>0d;24'
100,16
101.4
*101.2
•''
.y
:
A:*S:
part
part
36
22%
.
^
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;
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*100.10100.12
;
f v'*
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JrD
j
1
-"
2'S
*103% 108
j-j
■
»
36
21
37 '?
'
37 :
57%
4
36
59%
I"
43%
36
36
(
34
*
61?
34;%
,36
'
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m-n
:
23
•
j-d
,
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a
A7s
A 6s
-
..
61;
57%
39%
4
62%. 63
ffv'"1
i
.F-A';.
*.1977
1953
,1945*.
A.1951 J
■
f
100.2
*100
,
:.f,
M-S
■
.
100.28
20%
57%
36
36
-
*-
100.21
20
9
•:
43'%
35
•
-■
'
"71'
17%
:
34 Vi
^
: 37:
M-N
^^1949
lADbminjcan Rep .Cust Ad 5'As
j §a 1st series 5'As of 1926^.,
1040
:i v §A2d ser,ies sink fund 5'As
..1940
Customs Admin 5'As 2d series...11(161
\ 5 'A:s ISt series—
>969
v1 >, 5'As 2d series.—1969
A Estonia tRepublic of) 73»——'.1967
•, Flniand'- tRepubLtcK extl $».L-i^.jl945
French Republic .7^ 6taimped-v>940
; /7s
unstamped....——.-——1949
i04.a
41%
36;
M-N
1942
.1955
.1962
1942
; External
10T31 ioL3.i:
*101.7 .101.9
&-S
•Af-N
;
j-d
;
.
,
?
F-A
"1952
J ADfenmark, 20-year extT6s—
.
'
debt————5'As_———.
ASinking .fund 8s series B
;
mm iooT. w*l
104.8
wks
ACzechosloyakia (Rep of) 8s ser
'l-'-r—
—
external
APublic
15%
6'
61
i-'J'- 59%; 61 '
43%
-
M-N
r"
61
,.61
4
A-O
■
J-D
Xii.
A-O
1949
;■
Sinking fund 5'As———
.
18
"16% ) 16%
12
20%
58%
"18%
•16%
-v'
17%
20%
%
17%
17%
■:t
132
/:
•18
16% .18%
3
18%
18
16%
17%
j-d
1951;
7s
(Republic of)] 5s of 1914
External
18%
17%
j
17%
22
'
A-O
.
1952
1953
—
of)
(Rep
,
17%
16
t
■■■"'
•••'
'
.
■
,;.77';' 77
v7;7
L;>_;1980
10074
M-N
v
m-s
"1961
1970
1947
1940
1947
AColombla Mtge Bank 6'As^
i
2
*105.18 105.20
•
.
.Jan
ASinking fund 7s of 15)27—
Copenhagen (City^ 5s—.—.
100.14
5
*100.14 100.16
J-D
J-D
;
:
V 100.14 100.17
100.14
7
'"ua—.
18%
18%
"
f
18
v'"
";r
18%
17%
m-s
1961
f $ bonds—
external s
"
■
t:'-'
'
*100.29 100.31
;
__
M-S
■
of
:
1
M-N
..Oct
■■
101.7
* 101.5
.V
A 6s
29
k
v'. +:,.
7.;
A-O
1951
5s
ASinking fund 7s of 1926—,
*101.14 101.16
> *__
M-a
,
of
3s
•
.106.16 106.18,
:
--
.
24/-
*101.16 101.18
.,
A6s
_■
)>
*106.26106.28
*102.1 102.3
*107.20 107.22
100.4 100.6
j
*104.10104.12
*102
102.2
..*104.20104.22
7 *101.19 101.21
J-D
(Hukuang Ry)
(Republic of)—
1928...1
U
1927————:
;
16
;i8%;
17% f
A-O
—I960 ;
AChinese
112~ct
'
t
100.15 100.15
—
111.11
111.12
.
17
i
-
17%
1960
A 7s assented
109.3.
i5
"16%
*/'•'' '/0-.;• v;-.'*
18%
17%
18
•j-d
t
1962
Cons Munic 7s
High
LOW
25
•
'
.1962
assented—
A6s
A Chilean
106.24
January 1
;
j-d
1961
A Guaranteed sink fund 6s
111.30
103.1.1,
Xi
,7'
if:
1961
A6s assented.—_—.i
Range since
No.
18%: 19'
:
j-d
^
..1961
.
AGuaranteed sink fund 6s
Colombia
7';.:
1957
Bonds
; : Sold
.
High
'i\iHi'V":z' J,.;
;'V'
j-d
1961
.
111.9
fei'v. :'v.
M-N
; ASinking fund 63As......
*
A63As assented
I
-■
109.3
M-N
1963
—
111.6
"106:24
1963
assented
!
Friday's
Low
>'
....1957
105.18
'103.11
100.7
J-D
J-D
or
Sale Price Bid & Asked
Period.
,
AChile Mortgage Bank syas.
A6'As assented
100.25
111.20
ioo.4
J-D
a 6s
106.9
100.11
if'w
100.2
■M-S
V
106.9
nlX
J-D
i—
102.29
'
J-D
*106.27
*109.17
*111.27
*111.28
*112.2
*103.9
*106.20
*107.1
—
J-D
111.23
102.28
;
100.2
100
M-S
111.14
^
,
105.18
103.9
106.29
109.19
111.29
111.30
112.4
103.11
106.22
107.3
107.20
104.3 *7
103.21
100.14
100.2
100.2
100.2
•* 103.7
Friday
; ■'■: Last i
Interest
Excbangfl
(Rep) (Continued?— »
; AExternal sinking fund 6s
High
4
Mortgage Corp—
-
—
3s
.
1953-1953
——June 15 1948
—
Farm
Federal
>1951-1955
r-
2s
—
J-D
„—>~————1951-1953
Treasury 2s
—
J- D
u-s
J-J
March 1950-1952
Sept 1950-1952
;
Treasury
,
:
2s
Treasury 2s
,
—
•
——1956-1959
——1947
Mar 1948-1950
Dec 1948-1950
"_._Jun 1949-1951
.—Sep 1949-1951
——Dee 1949-1951
Treasury
Treasury
J-D
Stock
Week Ended March 10
Chile
Low
;v:v
106.2
100.11 100.11
*105.10 105.12
*110.19 110.21
0105.2 105.4
*111.11111.13
*112.11112.13
■
BONDS
New York
-
•
•
1
:x.
*106
A-O
j-D
1954-1958
Treasury 2s
'
'
*102.23 102.25
—
January 1
No.
111.14 111.14
—
j»]j
MS
1952-1955
;
2'As
Treasury
A-O
Sold
'
:
Range since
Bonds
High
Low
1947-1933
1944-1954
1946-1958
1944-1946
—1946-1949
1949-1952
4s
Treasury
Period
Government
4'As
Treasury
YEARLY
-
hivf'i)j.
Week's Range
Last
or Friday's
Sale Price Bid & Asked
Friday
BONDS
York
New
WEEKLY
-
Cash and deferred delivery sales are disregarded in the week's range, unless they are the only transactions ofin the week in which, they occur. No account is taken of such sales in computing the range for the year
•
Period" indicate in each case the month when the bonds mature.
7y7V-■:
i
Interest"
except for Income and defaulted bonds.
outside of the regular weekly range are shown in a footnote
Prices
find
week
th«
Monday, March 13, 1944
FINANCIAL CHRONICLE
THE COMMERCIAL &
1056
.
AMedeljin
,Mepdoz(i- (Prov) 4s' rpadjustedi
■,
j
..1954
A-a,.
*12%
/.J-D-t:
1^57
1954
;
19S/8
i-T.l-
190 y2 :"90'A
j-d
::
r" 12 Ve
l4Vi
,lV".:19%
t>
: 16
<•
,11%
1*11%
,
Foreign Securities
90V2
-V."'
Irrigation—i >
(
' A4'/2s stamped assented..
,1943
:'^Assented to Nov. 5, 1942, agreement
AMexico iU3); extl 5s of 1899 JE—1945
...: A Assenting ,5s of 1899
.1945
V •• • - Assented to Nov. 5,-1942,- agreement
; AAssentlnar 4s of, 1904.:-^--—.J954
*
Assented to Nov;>5,-1942f- agreement
/'•■.•AAssenting 4s of 1910—
1943
Assented to Nov. 5, 1942, agreement •
A';•§ A Treasury 6s ol 1913 assent.—1933
V
Assented to Nov. 5, 1942, agreement,
-
193a
89'/2
:
Mexican
X
14"
t.
'
•
*10
rQ-J
:?•;.
v
•'
i
17
7*14% 7177
1-5 \
11'A
io%
1.0'4
;
:
(
11% Hl%
-
7-7
15%
15%
18%
18%
32
7
:('.7
7*13
10%
14%
13
0
%
11%
6%
]/] 7:' 7
•13
13
...
14%
•
45->
177;
:*14%
t
7"
10%
;
7 77.11 V»
12
P..
17%
14%
Q-J
r
—
11%
;7c-\:
18%
*17%
35%
17
*16
Minas Geraes (State)—
ASec external s f 6'As
Wertheim & Co.
REctor
120
2-2300
Teletype
NY
Broadwayy New York
'A6s series A
1-1693
New
South
External
•
—
Wales
s
Govt.
Agricultural
fund 6s
4s
(King of Norway)
Akershus
1947
1948
1968
fund 6s
sink
AGtd
(Colombia)—
Bank
Mtge
AGtd sink
T.*'External
■^7777
F-A
—1945
1945
—1945
AExternal s f 7s 1st series
>1957
AExternal sec s f 7s 2d series—1957
AExternal sec s f 7s 3rd series—1957
j-j
(City) external 5S"
>1958
(National Government)—
S f external 4'As—
..1948
8 f conv loan 4'As
—1971
S f extl <;onv loan 4s Feb—
1972
S I extl conv loan 4s Apr
—1972
Australia (Commonw'lth) 5s of '25.1555
j-d
AExternal
s
coll 7s A—
AExternal
s
f
7s series C
s
f 7s series D
18
,
j-j
zi.-
V; "?' _J ;:
External
187:18
,4
A-O
•:?■■
A-O
External
s
—.1955
f 6s
AExternal
(City)
Brisbane
Ry)„
'■
92%
A-O
j-j
M-S
■■■'.
;*
•
j-j
102
;
58
,
'.*m
■
*:
■
Refunding s f 4'A-4'As.—.
.1978
1976
F-A
—1961
1967
1968
3s
(Rep)
j-j
j-j
sinking
A«-w external
Afis
tm-
,.,47%,
109
88
•„
■
103%
j-j
104%
.
v
p-
s
f 6s
m-jy
M-N
19
1960
a-o
—
95
-.95%
1961
1961
j-j
Sep
1961
M-S
page
1060.
>
;
h 'A-0
K:
87
90
•'
91
88%
105%
105%
31%.
53
35%
18'A.". -v 7'712 ;• ::,,yi6%
.16%
203- 7
18%. 7.
35%
20%
20
.7
18
*
SA-0
*12 v
*13
.
...
.
A6s-external sink fund
A7s
.
gold—.^1968
..I960
external loan of, 1926*;;.
"7
■
:
municipal
1
*:i38 'A
38'A
15
36%
37 'A
32,7.. 7 .34 -I" 37%
.'ft
'50%
50%
■
101'A 102
7
34%
41
.
%
•J-D
:__19fi7^'
loan.^——i
4s_..;1964 :
(
•
32'A "33%
36%
36%
.
22
.
.12
.
72%
.......
I
34%
:-y 357(7 ':■•
y 98 "• ;
39
i
:
UQ
-.57
•36'A". 37'A
•"16
83'A"
.
.
'■'143
80%
5
108%
105%
54%-
-
3
104%
31
101'/a
102%;
11
101%
102%
103%"
-
'
FOREIGN
SECURITIES
•
81%
7
103% 103%
5
103'A
103%
104% 104%
9
101%
20
18
18'/4
93
19%
19
\
'
•
19
16%
19%
18%
1981
'
167/8' "19
17% 70% '•
16%
A-O
a-o
*„
19 Va
19
'
■
18%
18%
18%
;
~2
20
19%
•
FOREIGN SECURITIES SPECIALISTS
19
18%
'
23%
18%
y-s
1962
18%
*—
"
,
62
24
,
P.ARL MARKS & P.O. INC.
19%
17
*'
19
18%
—
>
%:
18
53
19
*19%
18
—
-
FIRM TRADING MARKETS
104%
18
18'A
18
'
:
•
54
16%
'
19
39
19
17%
19%
'.
50 Broad St.. New York 4, N.
Telephone HAnover 2-0050
a
37%
7:7..—.For Financial Institutions
*
2
33 7
734
.
102%
42'
;
X 37%
110
50
'"7
29
7'34
80
73%
,
39
30
37'A
83'A
103
35
:
,.
'
'M-S
38%
.100%
62
80
73%
i
15
36
77.12
■
42'A
33%
36%
«..
V''
*43 Va
33
-
18
•'•;13%.
14'A-
39
j-d
iy
■17%:
38 -.
m-n
'
14''2
14
*16%
A-O
/
13%
I--- •••
14%
F-A
*'
u%
12%
;7;:—• 77
.
*24
81%"
1
1962
see
-
'. :. A7s
("■••
95
17%
—
j-j
Jan
Sep
"
'
"
18
£
:7'-7
18
:
j-d
7
t.yt'J--- 'v
> 34%
m-s
a
~1
89%
'
Rio Grande do Sul
-:
100 ",
24
55
19
F-A
.sinking fund 6s
footnotes
19591 »
ser—1.1960?
A 8s extl loan of
72
18
f-a
1961
assented
95
85
/ye?,,:;
I
(
;92'-:."'
*104'/4:
M-S
•.
%
*90%
.1967^, v-M-S
A Extl sec 6'As—
—1953
(State of>~- ;." !
1921
—.1946
':K
■
C
10
79
19%
a-o
1901,
^Jan
assented
r
95
92
3
*18
1942
I960
assented
:7:"
76%
*17'A
j-j
Feb
sinking fund 6s
t:'
-56%.^'
92
2
*102% 102%
j-j
6s
^7'*
,
;■ "X—
'•?
.
.'■■■
83
*
Feb
fund
:• 89
j-d
-
49%- ,58%
v
.
102% 102%
1958
f 7s
4" '/ i.'j?'
783
98 '
96'%
94
*
75
'
A6«
101
102"
56%
102% 102%
1953
assented
AExternal
100 y2
47%
105% 105%
1942
s
75%
105%
"
15
assented
a6s
101
117
i;
"
V
m-a
1954
External
Extl
A Extl
'-90%
59"
109% 110
A-O
15
8s
95%
96
4
94
*87
-
•'
-M-N
.
* \
;
i
95
79
1948
sinking fund 6s
A8s
A6b
99 % 100
*49%
15
*i7a assented
A
•'
..
no
Jan
(City)
*j-d -i
A-O '
A4V28 assented
1958^,
AStabilization loan s f 7s;——.1947 ?•', .A-0
A-O
A4'As assented
—;——.—1968 v
(
AExternal (Sink fund gQld ,8$—.1950 " ; j-j
C • A4'As assented—
1963 ,■ : j-j >
j-d ;
A Porto Alegre. (City of) .8&—i
1961 ;d,
f
AExternal .loan 7J/2s—r_-„_.;1960 t *j-j v
APrague (City of Greater) 7'As—1952,; ' v M-N
F-A '
Queensland (State) extl 6s„u:
.1947 *
r
A-O
a Rio de Janeiro
(City of) 8s
^.1946.
i
"94%
101
j^7"'-
74%
76%
Jan
3s
AExternal
96
74%
.'7'-. -.Lu
j-j
Jan
97
100
M-N
-
2d" ser—.1961:
93%
100
"'-i
98
-97'
*96
94
I A-O
(Rep of) external 7s_"
A Nat Loan extl s f 6s
'
F-A":
1994'>•
1947
7s—
'
... 98"
.
94%
50
58%
74'/4
j-j
1980
25-year 3'As
30-year~3s=
74%
M-N
1984
30-yr 4s
3s
'
1963 ,:
98
a-o
JAPoland (Rep of) .gold 6s;——.1940
86
100%
■
*95
A-O
1975
f 4'A-43/4S
3 %* external 8 f $ bonds
AChile
56%
'*95
:
7
-
A Carlsbad
(State of)
Santa Fe external sink fund
External read J 4%-4%s
"M-S'
■
extl s f 5s ser A.1963 :'
ANtet Loan extl s f 8s 1st
86%;-
102
*95%
j-d
M-a
30-year
2%s
A Peru
100%
■94%'
(Province of)—
(Dora of)
APernambuco
59%
*88%
■
■
1
59
f-a
-
92
•:
''■''•■•-■■• i_;
1
54
7
23
„
56%
M-S
■
73
-'-•■•
54 ■••• -' 56%
.1977
Canada
—
56%
A-O
f 4 ve-43/aS—,
s
102
56%
7
External
90
•
-.
M-S
s
94%
•<
108
,'r- ""*100
100'A 100%
■
■
j-d
j-d
94%-" *-••-••29
89
82%
,82%
■h 92
: '
^5
84%
93%
89
92
68
-
94'A
■
98%
6
■
85 'A
56%
stamped
External
(Rep)
•
A Stamped assented 5s_
v Stamp mod 3'As ext to—.c.,
.Ext sec ref 3'As series B__.
*100
93
14
'•
"
—1963
"
7
97
V 95%
95
;
.
F-A
.1965. ''.:
sink fund 4'/4S__
;
-
16% :: 18%.
57 V*
15
84%
;94'A
;
1961
A 6s
■■
4
92%
84%
84%
F-A
58
gold 5s
Sinking fund gold 6s——
Buenos Aires
M-N
j-d
Sinking fund
3
APanama
: -
16% ,18
16% 118%
—
1—4 O O ^
OO
1958
.1950
f 5s
s
li-N
A-O
1957
*
19%
29
•
,
59%
^.1952
.1957
f 6'As of 1927:
s
(Central
A 7s
19
'
M-N
s
sink fund 4y2s—l—..1956 : •
fund extl loan—
-
'
M-S
f 7s—
1955
JABrazil .(U 3 of) external 8s_T—.1941
AExternal s f 6'As of 1926
.1951
External
fir
Municipal Bank* extl s f 5S———1970/.
Oslo /City) sink fund 4'As—
1955, t
:
—1958
.1949
1928:.
Belgium .external 6'As
4s sink
^
19%
■717
18 »A
*56%
—■■■:■"
,
18%
18
...
'
17
< r-17
b'MX
18
A-O
.1957
1927
of
5s
External g 4%s of
19%
2
Argentine
•
17
7'
19
19
19%
18
•.
"
10
19%
'
m 18
■
30
19'A
18
j-j
AExternal
AAntwerp
51%:
■:::__
*63
■.
'
f 7s series B
(Dept)
50%
-
2
•
35 V2
92
y 89 .77 ,89
7;';
,•
7
•
■"
M-S
1943
"
•
51'A ' 51%
ft*;
32
92
7;^ H
100
*88
A-O
'
■
j-j
AAntioqula
External
*_„53
'
a-o
,
'
35% ' *7
*90
.
—1958
—1944 ^
—
96
1397; 7
35%: V.v
34%
7 34%,
U-N
.1957
—
External s f 5s_;
Norway external 6s
Municipal
&
m-s -<
-•j-d
(State)—' ,'r:
f 5s
i;
Foreign
M-S
*7
^—.1959
£
1952
1959
:.'ASec external s f 6'As
AMontevideo (City) 7s__
Membere New York Stock Exchange
Telephone 77
k
1958
5
:
Y.
Teletype N. Y. I-97I
83 %
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4263
159
NEW
New
York
Week
Stock
Ended
'V
Exchange
March
ASao Paulo
(City of Brazil) 8s
Paulo
(State)
water
A 6s
extl
f
A
secured
A 7s
series B
Silesia
13
35%
39
34
23
30
34
41 Va
43%
26
38%
43%
42%
42%
1
39
42%
365/2
38
12
33
38
J-J
M-S
1968
A-0
,
Chicago & North Western
,
New
34
22
30
60
14
56%
.1958
12%
J-D
1958
J-D
1962
——
Sydney (City) s f 5%s
>
1955
AUruguay (Republic) extl 8s—,^—1948
PFLUGFELDER, BAMPT0N & RUST
External readjustment—
11
10
12%
93%
95
: :7
.
;
91
Slock
New
BONDS
35
70%
70
■•65%
Bell
.■•;,;,/;•■..
external
37/s-4%-4ft extl conv_
a—,
1978
,4-4%-4%s extl readjustment-—1978
3 Mis extl
A Warsaw
A4%s
1
64 Ve
60
2
,
Week Ended
71%
March
Interest
10
Last
Period
F-A
•
^
:v;.
12
/ Guaranteed
Coll trust 4s of 1907.!
Great
Alabama
Power: 1st
-—,—1947
J-D
H;
6s with
J-J
assented!:.!!-..1948
warrants
;
;
:
Albany & Susquehanna RR 3%s_—1946 //
3%s registered——!—
-1946
*
108 'A
A-0
5s
modified..!!,!!
A5s
;
1949
-
J-D
1950
,
Alleghany Si West 1st gtd 4s^.—1998
Allied Stores Corp -4%s debs—
1951
Allis-Chalmers
Am
&
Mfg conv
Am
94%
A-O
:
■9.1%
104
'
"
;^89%H00:
'101
M-S
M-N
5 Vis—J—1949
<
>?
89%! ;. v. 89% ->89%
103% 104
107
109
>
86%-
90%
American Telephone & Telegraph Co.—
'
3V4S
debentures—
3%s
Lj
1961?
debentures
3s
1966
debentures!—
conv
Amer
!—i
Tobacco
deb
Co
'? A-0
J-D
-
.
1956
_
3s
■108%
'108%
A-0
-
'36.
104
'
;104'
■
108
217
■•116% 117%
<•
107% 109%
154
108% 109 V*
-%17%
M-S
_—1962
"v.
104%
109 Vi
A
Ark & Memphis Ry Bdge & Term 5s 1964
Armour & Co (Del) 4s B—
1955
sink
fund
7s Income
.
series
4s
C
Jan
General 4s———
•
-
..
—1995
Adjustment gold 4s
Stamped
Conv
4s—__—_
of
-1995
__
1905—
Conv gold 4s of
mortgage 3%s...!
Atlantic Coast
1st
General1 unified
L
coll
N
&
cons
4%S
121'/a 121%
109
110
*102
111
.112.
112
*100%
I—•:'••
5s_Ti—1946 '
110%
109%. 110'%
,101A 101 A-.
97%
80%
"J.
-80%
82
146
96%
410
96%
/'I 95 y4
39'/a ;4iy* '
'•■34%- 35%:
.
:J-J
4s
18
105% 105%
105
85%
82%
85%
Oct
•
1
Ref &
to
ser
gen
Dec
a-0
A (int at 1% to
1995
due.ti
C (Int at .1%%
1995
J-D
due
—
85%
.
A
.V
■'■
.....
4
.
55%
;
'
•
Ref & gen ser D
51
55
51
■
88
49%
.87%.
J-D
1946)
1
July 1943
due_:
1946)
Ref & gen ser.
Dec 1 1946)
;
56%
139
:/73%";
374•'
•
k%
'41%;
.2000
M-S
F (int at 1%. to
1996
Sep 1. 1946), due—
•49%
50%
51
•149
•••;4i.-;
,,'•
•M-S
Feb 1 1960
due!-
Pgh L E & W Va System— ;
Ref gold 4s extended to—- 1951
(int at 3Va%
•
.1950
to Jan 1 1947) due—
'
•
49%
39%
39
78%
77%
51
'
309
.
40
535
..
78%
Bangor & Aroostook RR—
ref 4s
Con
—:
•
4s
73
72'%
'
'99%
A-0
128
J-D
128
128%
>100% 100 %
A-0
100% 100%
A-O
105% 105%
19
21
101% 102%.
19
105%
1
M-S
j-j
.
1946)
due-—J——
fBurlington Cedar Rap & Nor—§ A 1st & coll 5s_—-—
A Certificates
of deposit-
92 '/a
1.
if. 88
%
k 60%
■
V
F-A
88%
V
60%
61
1.
53%
M-N
56%
103%
103%. 103%
'•108% 109 / •'••■? '!
J-D
•'''.•'
_!
M-N
J-D
;
112
■
52%
4s
—1949
Term Bldgs 5s
ref
5s
series
Inc
mtge
A
III
1997
1st 4s series A
J-J
Power
3'/2S
California-Oregon Power
Canada Southern
For
footnotes
cons
see
1060.
108 ;;
iz;
120
121%
120
120
&
ser
.102
102%
101%
gold
Af-S
103%
:
91
.' j-j
:.
■
T'v
91.!
97%
4%s series
series
6i;
62%
61%
M-N
;
*:v:''
63%
126%
76%
•
32
86%
57%
24
47
60'A
68%
92
50
68%
62%
,
58%
65
57%
■:
82
.
64%
74
47%
65%
75
45
61
74
10%
50
10'/a
14%
87
96%
83%
:??58
:
;
60
:?
?
led Inc tax
AGen 4%s stpd Fed inc tax
AGen 5s stpd Fed inc tax
287
74%
76
76%
28
69 %
78
83%
84%
119
76%
86%
83%
83%
84%
32
76%
86%
77%
87%
J-J
,
J-J
85'A
F-A'/'':
58
A-O
16%
45%
58%
17%
4,403
11%
17%
73%
74
1,684 r
15%
;■
-
87
58 »A
75%/; >?!• 51
75
&
35
64
76%
74%
M-N
84%
64
75
75%
76%
104
M-N
M-N
''.•'
-1987
M-N
I1 75%
75%
76%
75%
•
>
•■'.
■
•
1987
M-N
77%
77%
M-N
78
77%
77'.'?
—1936
M-N
93%
"77,.
20
'
:
78
65%
75%
65%.
,
76%
79
18
94%
67%
2
■•
67%
78
77
-93
:•
65 %
V5'
■;■
78%
M-N
"T
•61
: ;>
77%
1987
6'/2S
V:
56%
.
-—1987
i
v
14%
76%
1987
p
4
83%
•
M-N
registered
§ A Secured
48%
125%
'
.1987
-
A4%s stamped.:
94%
99%
.171
•
85'A. 86%
1987
n
%
84 %
92%
J-J
Jan 1 2000
4s
AStpd 4s
104%
103
J-J
—1975
adjustment 5s—
registered
98
54
*126%
85%
■:■■;■
J-J
F
AMtgt gold 5s series A
.AConv
103
Ry—
AGen 4s series A
__Mxy 11989
.AGen gold 3'/2S series B—May 11989
AGen 4V2S series C
—May 11989
,AGen 4'/2S series E
s
May 11989
AGen
100%
31
164
82%
& gen 6s series
100%
'
102'/2
54
98%
J-J
5s
30%
102
J*
;
92
98
<%
J-J
series
21%
18
102,% 103%
81%
4s
-
V;
,127
103
2038
&
;
i/
30
103% 104%
A———_1947
Louisville
6s
122
28%
102
;
122 y4 123
*,s
■
J-J
67%
77%
81
96
50
80
! Alst
&
ref gold 5s
J-D
A 1st
&
ref 4'/2S
J-D
59
59
59%
46
49%
61
J-D
59%
59
59%
21
49%
60%
M-N
15%
15%
16%
639
11%
17%
132
102%
103'/a
1,124
65'A
68%
74
81
Alst &
;v
May 1 2037
stpd—-May 1 2037
ref 4%s C
—May 1 2037
t" AConv 4%s series A
:lst:& gen mtge 4s
•.
i.
1949
60
;
A w 1—1989
J-J
102%
2nd mtge conv. income 4%s w i—1999
J-J
67%
tJAChicago
25%
ser
Railways
1st
5s
part paid
i
-
59 %
60
•.-,.
.
102% 103%
:65 %
•
68%
,:
so.,
28
,
.
-
i
61%
stpd
1927
F-A
AGeneral
;
1988
4s
ACertificates
of
J-J
74.:> 74
M-N
.I960
62%
3 %s.
108
'
v
.'32
v
v
94%
.105/
3
112%
109
876
36%
45
47%
48%
336
39%
51%
10%
10%
121
8%
11%
v
:
,
i
68
95
84%
84%
84%
73%
•
76
72
73%
*
74%
—
...
:
•
•:
■■
%
95
89
64 %
9
■
40
76%
72%
84%
59%
7
•,
68
90%
*-
?j
75
...
84
16
•
*71
76
J-D
267
72%
,94
.
'./• M-S
•'-'
101.
109,.
:
•
111%
16
.I960
1 1960
75
43
<■
•••
10%
J-D
77
59
—
„•
74
Chicago Union Station—
107
-
i-
!
~
J-D
109%
6l%-
73%
42
48
:•
J-D
.1951
Gold
1M%
VT
7i%
.
A-O
M-S
A 100%- 100 'A
11'■:'• :"• 103 / .104
8
73% i
42%
.
deposit.
;
1st.mtge 3%s series E.
•1st. mtge 3 VbS series F
..1963
■>• --;
*109%
/
■•hr'L-.
y'
.1963
J-J
;
109% 109%
109
.?.»'■ 14
102
110
%
103%
J-J
105%
105'/a 105%
27
104
106
M-S
105%
105% 105%
15
104%
105%
..1943
A-O
.1952
M-N
1957
•
J-J
*103% 104%
■
54%
53
54%
26%
27
191
44%
55
67
A-O
66'A
-1952
M-N
69
..1966
F-A
■
A-0
1934
•2 .7
•
:
-.
,
*
/' 26%
——
A-O
J-J
•
■•'—
;•
A-O
.
.
•
77
—-
•;
•
"
91
26%
92
'•
>'•'•'! 67-•>
'•'21%
-
•'.
'
21A
8
19
;
29
.:': 28
76
*87
77
89%
'
3
88%
!
92
69 "
.-.1967
77
86
'»•
88
&VM
Cleve Cin Chic
u /no
ov-uto
XJ—
Si St Louis
.
A-O
A-0
102% 102%
'i
99% ;
109% 109%
F-A
10
•
•
101%
109%
*
99
99%
23
95%
100
St L
55
29
53
5
59
69
J-D
*112'A
69'A
69
%•
70
108 %
3
109%
4
110
'
•
111
109%
110%
112'A
—»
109% 109%
,■
94%
■•
100
J-J
67%
-1991
103
109
.
.6
28
68%
112'A
Ry-
-1977
'
68%
68
*111'/a
M-N
-1969
■66%
108% 108%
J-D
..1971
*OV( XUVgV
"■
■
A-0
1966
gtd 5s A—1962
page
107%
106%
..1982
1968
4s__
134
106%
*120
T;
J-D
Elec
132%
29
i
1988
/
.
'*
California
i
11
'
RR—•<••>.'.;'
(conv)—
134
38
1949
-
at
1955
-I960
gtd
78%
101%
1
107%. 107%
*
A-0
..1993
Bush
100
106% 107%
107%
J-J
'-A
112
134
■■••.";
95%
51%..
!1108 %
-ii
•
105% 106 %
'
■V_!
V 109%
100% 100%
105%
F-A
88%
77%
11
J-J
89%
/' 92 ,f' .»/•' 41 %
>.*102%
M-N
F-A
95%
103
83%
<
85
109%
M-N
::
-26 k
'•••"_!• v,
109
M-S
.1934
88 %
:
100%
74
'
100% 101%
■',M-N
1989
*90
;
100%
101%
96%
'
145
95%
96'/»;
101.
F-A
Bush Terminal lst-4s—!.——<—1952
5s—
;•■■'
M-N
gold;5s_!—1950
U957
B———1981
Niag Elec 3'/2S series C—1967
-
1
37
;
86
30'/a
100
79
j-j
.
i
105%
100
85%
*78%
35%
108%
tChicago Rock Island & Paci:
95%
"103 Va
A-0
1992
tChicago & North Western Ry—
'
AGeneral gold 3 '/as—1987
103
/ 95%
95%
~
'
105%
27%
58
14
"104% .106
105% 105 y4
.104%; 106-
99
•
13%
'
•101% '103
M-N
1st lien & ref 5s series B—.
(interest
101
105% 105%
J-D
Debenture
modified
100%
100
:•
85%.)
•
13%
99'%
10"
100
F-A
37%
107%
101% 101%
•
j-j
129%
>-A
Buffalo Gen Elec 4%s
Buffalo Rochester & Pgh Ry—
98%
128 V
100%
101%
A-0
>
26%
B—May 1960
;
■15
105%
if1.
:
A 1st
i"
/ 1
11
13%
49 %
99%,
34
40
12%, -?,12%
81%
101%
'
'
99%
F-A
F-A
4s
49 %
*50
29%
33%
1971
&
3%s
.73 '%:
(
168
*23%
May 1 1989
tChic Milw St Paul & Pac RR—
*
82
J-J
1947
6s series A—.
lien & ref
74
39%
36%
60
,74
F-A
RR-—!-'-—1960
Alnc mtge 4'/2S ser A-.
—July 1970
IA Boston. & N;Y Air L 1st 4s—_—1955
Bklyn Edison cons M 3'As——1966
Bklyn Union El 1st gold 5s_—!—1950
Bklyn Union Gas 1st cons gold 5s_1945
Consolidated
71
A-O
mtge 4s series
to
81%
Division
AGeneral
.
30
*107% 108%
F-A
65
56%
92
170
35%
A-O
:
112
833/a
38%
64
'
46
/
111%
;•/
91
37%
1987
1977
79
57
:
11
lst.3Vs>S—-1951
.
3 c!o
81%
of Pa 5s series C—^.1960
2'/4S—!—i.1950
Indus Loan
.
Stamped
81.
81%
J-J''
debentures.i————1956
Beth Steel 3'/aS conV debs.—
-1952
Consol mtge 3%s series F—
1959
Consol mtge 3s series G—
1960
'Consol mtge 3'As series.. H_—1965
Big Sandy 1st mtge 4s—AM*
Boston & Maine 1st 5s A C——!—1967
>
1st M 5s series II—^
-1955
1st gold 4%s series JJ—
1961
Buffalo
73%
80
J-J
1951
2%s
1st
113
.
v-
56
30%
90%
J-J
'
J-D
Beech Creek Extension
1st
63%
—-1951
Sturgis 1st gtd 3s—1989
Battle Creek &
Beneficial
62%
2
-
26%
'
37%
35%
■
16%
53%
'
13
111% 111%
.0
J-J
..
10
9
M-N
,
——
stamped—!!—:
Bell Telephone
63%
J-J
1959
Toledo Cin Div ref 4s A-—),
£
J-J
A-O
J-J
53%
28
j-j
*■
51%,
I;
53%
26%
26%
.
1966
*
51%'
64
'74
•
J-D
J-J ••••■•';
Chicago Ind & Sou 50-year 4»_—1956
tChicago Milwaukee Si St Paul—
r
41
6'west Div 1st M
.
50%
B—1947
-
31%
91%
16%
—1947
1
Vi
41%
-
65
v
12%
.--—1958
*
M-N
v
'
•51
F"A
■
53
80%
12%
M-S
A 1st
v
.
(int at 1% to
Sep 1 1946) due—..—!.
103 %
37%
•
C
57%
.
48%
106
33
gen 5s series A
51%
46%
78
Ref & gen ser
A Conv
88
48
—^.-.-1949
.
'
XX12
87
65%
104%
101%
5
.:
86%
V-
10
25
1946
& Alton RR ref 3s
JChicago Ind
ARefunding
ARefunding
ARefunding
83%;
.
63% .;65
52
163
—1968
AGen inc mtge 4ycs
'105%'
70%'
190
-
110%
107%
135
■
.
A-0
64% ;:'
3
■
-
111
107
'
,
•/.
104% 104%
48%
M-N
Chicago Gt'West
5
.
104%
98
109%
13
registered.
.■•AGen
B
Baltimore & Ohio.RR—
1st mtge gold 4s——.July 1948
Stamped modified bonds—
1st mtge gold
(int at A% to
65%
"X
13
Chicago & Erie 1st gold 5s———1982
33% ' 36%
2
'
103% 103'/a
r:
!
1948
Chicago & Eastern
•
"
M-S
100%
2
.
10
107%
:65%
..
12%
1st
....37,...,.^
•
-
12%
1st & ref 4%s series B__
,
89%'--': 97 Vz
•
:
V
—ii-i'v.
105%
A-O
General 4s—
•
98%
'••'/:;'-69.::-.-1:83Va
45-:
■
90%
110'/a
*107
94%
101%
104
29
111
<
84%
101
2
103% 103%
110
-
■
16
A-O
.
Chicago
Illinois
•*.':V
:104%105%
v
193
40 •
-
violf^.dol.v
3
96%
•
-: J-J
1953
f '.V "
^.101^ lOl V'a
105% 105%
f
"
M-N
-
.
3s
•96%
y]riio%;ii2%;:
■»
M
61
•
1959
;
-v
94 %
101
104'% 104%
104%
:•'
M-N
Chicago Burlington & Quincy RR—
Illinois division 3'/2S
:
1949
,;■ •' «,3%s registered
1949
-
i\'
94
101
F-A
1962
'2d consol gold 4s
J A
110
1:'
y
J-D'
1952
—Oct
K—
M-S
■
—1964
A—
112
J-D
J-J ,
J-J •;
M-N
:
>
—1963
4s—July 1952
gold 4s_!
•■:'■
*110
J-D
J-J
%
106%. 108 %•
30
,
110!
"• n-1:
j-D-J:
gold 4s_—1989
/ •
107% 108
107%
109
y
1945
Ref & impt mtge 3%s
D—
1996
-Ref & impt M 3%s series E
1996
Potts Creek Br 1st 4s
—1946
R & A Div 1st cons
121 Mr
106%
5-
111%
■■';■> 13
1959
ARef & gen 5'As series B
A Ref & gen 5s series C—
AChatt Div pur m#ney
General gold 4y2s
106 W-
118%
102:
*'
109
;
J-D
Atlantic & Danville Ry 1st 4s—-—1948
Second mortgage 4s_—a——.—1948
Atlantic Refining deb
121%
117%
110%
:
•;
'
ii2ya 113%'
41
118'%
112%
•
£~":
F-A
Chesapeake & Ohio Ry—
105%
105%
v;n
.
—1960
1st gold
105 ' :
117
6
115%
'V-'
1945
Certain-teed Prod 5'/as A
■;.-■■ : 1
M-N
Atl & chart A L 1st 4V28 A.—1944
1st 30-year 5s series B———1944
1st
113% 113%
J-D
Trans-Con Short L 1st 4s__.—.1958
Atl Knox & Nor
105 y4
1051/4 106
'113% /
Pii
117%
111%
111
Banking, 5s stmp_—1942
-76%
85%
102% 102%!
9
•• •'
1955
—
1910
6
:r
105% 105%
.Nov
.
gold 4s of 1909——r—!-—1955
Conv 4s
105%
'106
A-O
1995
84%
5103'/a
A-O:
\ .'
>1
>
67' i
84%
J-J
,
debenturep-.^—>!—!«1978
Atchison Topeka. Si Santa Fe-^-
66.
/F-A
.
107:' 110 0.
66
;
69%
9
'
Q-J
M-S
(Del>_1957
108 Vi 109%:
•
'
Anglo-Chilean Nitrate deb!
.196?
Arbor 1st gold 4s—_r——1995 //■;
Ann
1st
U08%
y./M-N
117%
•
103'%
M-N
Cfentrul Pacific 1st ref
gtd gold 4S-1949
••■:'+
Through Short L 1st gtd 4s
1954
;•
Guaranteed gold 5s
i960
Central RR &
104%
103%
64
'
Am Wat Wks & Elec 6s series A.^1975'
116
116
;
110% 111
M-S
1948
1.v
4s registered—.
Central N Y Power 3%s
115%: 117%;
2
8
12
94
—,
M-S
gtd 4s——1961
JACentral of N J gen gold 5s
1987
r
;• 5s registered
1987
% A General 4s
1937
107%
107
•
»
28
104%'
J-J
—
/
105%
118'/a 118%
J-J
J-J
Nov
i
AMobile Div 1st gold 5s
Central Illinois Light 3%s
t A Cent New Eng 1st
104%;
106%
.25
; J;
J-J
1955
High
118'/«
116%
116% 116%
110%
—1962
ImtO
12
33
'112% 112%
-.u
F-A
—1981
AO.
'
J-D
gold 4s—1951
105 Vd
107%
103
13
107%
108%
107
i
f-
1041A
65
103%
■
.
Range since
January 1
Sold
High
117% 117'%
112%
1950
mtge 5s
( lAConsol gold 5s
; j.
76
104%
'■
29
'
A 1st
91%!
-
Bonds
117'/a 117%
v
j-J
-
94%
'
•
*•67
•>
4
*104% 104%
91
87
40
-76
■
*
J-J
J-J
F-A
i960
—
100%
117%
1965
Corp 3%s debs
Celotex Corp 3%s debs.
ACent Branch U P 1st
gold 4s
tCentral of Georgia
•:
>101%^
99
'•■-
>•18
104% 104%
'.- V
..'•'ioi%:
;
-
96
>
Friday's
117% 117%
105% 106
: >
117%
118%
A-0
-
Ry—
^
90'% -91%
:
4%s
Celanese
100%- 101 •;
'v:v-
trust
105%
J-J
—1956
Carriers & Gen
Corp 5s w w
Cart & Adir 1st gtd
gold 4s
'"v'107% 10,8%
;
89%
98%
2
-
99% 100%
94%
94%
'•;":'75
F-A
Foreign Pow deb 5s__—____2030
Cliem conv 5%'s__—
1949
Internat Corp conv
•
'
'M-S'/:
Amer I G
:
•
100%
A-0
1952
4s„
;;
4-0
—1950 /
income—
-103%
A-O
•';>>
fLi.
'•''
108%
:>"*92
'
95 '/
"101% 101%
A-O'
A-0-
Collateral
"■'•'
J-D
1955
4%s
t8ACarolina Central 1st gtd 4s
Carolina Clinch Si Ohio 4s
403%
'
•
—
modified..!
;
98%
*93
>
100%'102%
104%
y;
104 x/\ 104%
Alleghany Corp—
5s
loo:
-
103%-103%
!
M-N
Albany Perfor Wrap Pap 6s——.1948 ;"
:«•
*101
..F-A"/
1969
-1970
4%s—
117%-
J-J
Guaranteed gold 4%s
A951
Canadian Northern Ry deb
6y2S—-1946
Can Pac Ry 4% deb stk
perpetual
5s equipment trust
ctfs
1944
i
Coll trust gold 5s_
;
1954
7()
74%
'104%' 104%
25'
72%
104J/4 104%
3%s__—1972
mtge
71%
72%
M-S
1946
3%SJ___1967
Southern
-'
"
J-D';"
.
;
10-year deb-4J/4S stamped—
Alabama
"109
"/'/J-D
-
gold
gold
J-J
•
%
,n
JAbitibi Power & Paper—
"
*
§A5s series A'plain_!__——
1953
;
AStamped
,—1953
Adams Express coll tr gold 4s_
_1948
_Oct
Guaranteed gold 5s
Guaranteed
;
.
5s
12
■
Railroad and Industrial Companies
gold
10
11
•.
Guaranteed
60%
10
:
10
'*9.
or
Sale Price Bid & Asked
Low
panadian National gold 4%s_-_>.-i957
Guaranteed gold 5s
July 1969
70%.
59
10
,
6
'
65
>66 %
70%
j
71
*
<60
*60%
<F-A
1958'
—
71
64Va
J-D = ;
■//F-A:??
readjustment—
1984
(Cityl external 78*—1958
assented-;
.71
Af-N
conversion—^——1979
York
Teletype—NY 1-310
Week's Range
Friday
New York Stock Exchanc*
;
'
■
Exchange
Telephone—DIgby 4-4933
!
70%
York
69
9
*87
Af-N
New
Broadway
91
89
Members
61
95
91
*86
Af-N
1979
15
14%
13
*88
95 K'
/ * Af-N
-y.V
'•:-*• ?
•■
15%
12
11
/ .A F-A
1960
6s
11%
8
11
11
AExternal sink fund 6s-——.,A,—.1964•
($ bonds of 1937)— r"
12 Ya
14%
12%
*11
: F-A
•
request
60
12%
extl 7s
written
on
34
58%
12%
of)
Capitalization Reduction Possibilities
Circular
33
60
M-N
1962
extl
A External sink fund
'
34
*.-■
M-N
i
sec
A4VaS assented—
3%s-4-4%s
.
(Kingdom)—
external
(Prov
38%
J-J
1940
7s
Serbs Croats & Slovenes
A 8s
High
39
33
1956
dollar loan
s
Low
38
34
' >.
J-J
loan
RECORD
Range since
January 1
Sold
Vo
High.
39
1950
extl
Low
M-N
.
._!_1936
external—
A 7s
Bonds
Friday's
or
Bid & Asked
M-N
1951
8s
A 8s
§ A Secured
Sale Price
,\i. *V-?s•'
—1952
f—
s
Last
Period
/■".;■■■
v>
A6V2S extl secured
IA San
Interest
•••■;>-:
10
V-.
YORK BOND
Week's Rang©
Friday
BONDS
1057
J-J
65%
j-1990
M-N
1970
J-J
66%
'
95
42
100
1
70
385
88%
100
57'A
95
100
71%
107
65 %
66
2
53%
67%
88'/a
88 '/a
4
82
89
106% 107 %
27
106'A
107%
Monday, March 13, 1944
& FINANCIAL CHRONICLE
THE COMMERCIAL
1058
i
• •
,
NEW YORK BOND RECORD
7
Sold
Low
Series
C
3%s
Series
D
3Vis
gtd
General 4%s series A__.
ref
to
Gen
1st gtd 4%a
Cleve Short Line
Oleve
gtd 5 Vis
Term
Union
gtd
1st s f 5s series B
1st
B
4 Via series
f 4Vis series C
s
Fuel & Iron 5s lnc
Colo
Columbia
G
Debenture
Columbus &
Columbus &
to
Columbus
to .Manhattan
A-o;
fi.-- 90%
97%
89%
85'/a
89%
3Vis s.
Cigar
Consolidated
1961
f. debs-1953
f 3%s A
Conn River Power s
3 Vis
deb 4s
jAConsoi Ry non-conv
Debenture
A Debenture
-
4s
1955
•—1950
——,
<■109
.
,
103%
104"%
109
108%
109
■
•>
113%
113 Va
112
13
125%
120
May
111
t
110%
6
109%
111
alll Vi.
J -J
.112,.
28
109 Vi
113%
113 %
1
109'/a
111
7
101%
103 %
17
10ft A
102%
•
-
109 Va 109%
F-A
,.(101% 102
>
.
100 A
A-O
J-J
108
Joint
39
107%
103%
105%
6
45%
59%
4
59
45%
59
46%
58 "
59
J-J
77
I;
--
111%
M-N
108
i
9-
-ti
111% lll3/8
107% 108
111
112
54
7;
7
57%
: 56 Vi
Yd
103
103'%
*63%
38%
54 .*
fa?. 2
:
Jones
40
100
87%
.—*-1978
Val 1st gtd 4Vis
1947
series B
ARef to impt 5s
$ ADes Plains
Detroit Edison 4s series F——u_1965
Gen & ret mtge 3%s series G—1906
1970
ret 3s series H
&
Gen
Mackinac 1st lien gold 4s 1995
gold 4s
1995
Detroit Term & Tunnel 4V&S-.
1961 y
Dow Chemical deb 2 Vis
——1950
Dul Mrs* to Iron Krnge Ry 3Vis—1962
Detroit &
A
Second
1937::
-.1965
to Atl gold 5s
Duquesne Light 1st M 3%s
J§ ADul Sou Shore
"7
5%
1948 '
1956
1995 *
1950
Nor Div 1st 4s
Ga Div 1st 5s
Ry Minn
East Tenn Va to
1st cons gold
Auto-Lite 2%s debs
(NY)
Ed El 111
Elec
.-1965
1965
1st 5s
El Paso to S W
stamped
5s
3'As—-—1970
Ry
Elgin Joliet & East
5s
—
—
Empire Gas to Fuel 3%S—.———1962
Erie Railroad Co—
1st cons M 4s series B——
1995
N
Y &
Ohio
,2015
1947'
1971
4%s series A
Erie RR extl 1st 4s
mtge inc
J. AGert
Div
1st mtge 3
Vis
City. Fort Scott &
to
.
*
"€■
:
'
12
;•••• l
105% 105%
31
30
30
100
M-N
*
M-S
J-J
109%
r2
;
M-S
*85
101%
J-J
J-J
73%: 74%
74'.
*106
M-S
111%
148%
102'A
102%
1960
1987
debs—
t A Florida Cent to Peninsular 5s_—1943
tFlorioa East Coast 1st 4%s
1959
A 1st to ref 5s series A
1974
ACertificates of deposit
Flintkote Co 3s
tFonda Johns & Glover
101%
52
106
.
103'
10
103%
102
36
102'/a
126
126
44%
1982
7
M-N
99 Vi
17
98 Vi
65
42%
42
M-N
97%
,98%
1949
Gen Steel Castings 5 Vis
1949
t A Georgia & Ala Ry 5s
Oct 11945
f?AGa Caro & Nor 1st ext 6s
1934
Goodrich (B F) 1st 4Vis
1956
Gotham Hosiery deb 5s w w
1946
Grays Point Terra 1st gtd 5s
1947
Great Northern 4Vis series A
1961
General 5Vis series B
.—1952
100
21
8
13'A
14
11%
7-11%
13
103
2
98%
97%
12
98%
13%
103%
General 4 Vis series D
series G—
Gen mtge 4s series H—
Gen
mtge
J-D
105%:;
M-S
j:"
:
3%s series 1
"
registered--—
modified—
Lehigh Valley Terminal Ry ext 5s_1951
lst"50-yr 5s gtd——1965
>
108% 108%
■/.:
112% 112%
23
109%
108% 109%
28
J-J
103%
102% 104
18
J-*
102%
102'% 102%
103%
103'% 103%
J-J
102%
102% 102%
J-J
94
Gulf Mobile to Ohio 4s series B
J-J
95%
2015
inc 5s series A
108'%
5s
94
94%
"
geiv
109%
10O
J-J
81
J-J
102%
f
4s
A-O
M-N
80
,
.
102%
35
102%
103%
70
13
11
12%
96
89%
20
66
81
81
ti AHousatonic
Oil
Hudson Coal
Hudson
Ry cons
gold 5s
104Vi
X-
4
1st
Co Gas
For footnotes
s
f 5s
1st
see
series
A
gold 5s
page 1060.
i M-S
J.
1937
M-N
M-N
—
:,/ 7
A-O
99%
F-A
J
1962
J-D
1949
M-N
64%
'
7
7
1st
■
—
M
"
130%
130%
92%
105%
99
1
56
116%
174
174
107%
107%
109
109
vv":
.
■
.•>-'■
106 "A
«...
■;■•:■■—■;r-:
107%
104%
3'A
/'
y
/;
,
.
103 Vi
106%/".
;
'(
,
3%
series B ext—
Paducah to Mem Div 4s
St Louis Div 2d gold 3s
Mob
to
—
iJ-J
99'
95%
89 Vi
91%
":'•■■-%•'■
60'A
3
*88%
F-A
Z
'4—4
1
r,
97
97
-J.
Montg 1st gold 4%s_—
Atl Knox
joint monon 4s—
&
Cine Div 4s
2003
2003
100
7
:.'44 •
90'A
'■■
y;
78%
79
■
71
77%
68%
A-78
■
:'•"■
77%
A-O
,
77'A
78-
15
103 t"tT
121
;•:■•
105%
107
1
::v
78.
125%
103
3
.'■'/■■
103 A
121%
55
64%.
123 Vg
yy 4
•121
A-O
46%
42%
16 —
105% 105%
.J-J
47%
35'A
-
'
'
g
*
"■■
1
■
:•
125% 125%
A-O
43 3
34
37
'•■'•■.•v 93
54%>
53%
:
i"44%
33
19
41%
— 41%
:
54%
M-N
80 Vi
117
•
"
i
69%
64%
235
/■—
-
70%
,78
56 ;v
21
46
79
70
■/■
69
—
41 %
45%
.
43
41'A
.*
46
:•'■ 73 —
65
:
■
90'A
•
12 '/
80% :;r.;
•
42 %
41%
M-N
77
67'A
—
■
31
•'
/•
ry:'i
97
86
65 %
Z
79
*71 /
77 Va
'/
84'A
*71
••■"4
F-A
>••:
86
e
t
102'A
95
—
90
/•
• ■-
v
■
■
F-A
.
100'A
.
1 •:
:
100
97
24
99%
67
97'A
-
102'A 102%
■
--
93 Vi
.
/ 99% :
99
•V.
.44 v'.C' /'
A-O
M-S
99%
61%' *
99%
:99%
98%
91%
*60-
-
100
9834
25
99%
99%
•
99% 100%
:: >;■// 93
v.
*96
J-J
121
104 A
A
122%
mtge 4%s series A
'
*108
*104
A-O
x-
105
>105—,
*104%
104% 104%
2
'
104%
Af-S
104% 104%
it
.
19
•
103'A
105
104
105
Elec RR to Lt s f 5s
Steapi Shovel s f 6s
120
120%
102% 103'A
31
102
103'/—
98 7/»
69
98%
98%
120
M-S
M-S
*102
A-O
102'A
^
A-O
102%'
108
,18
107
106% 107%
106%
35
104
49
98'A 100
107%
*/
103%
99 Vi
245
102% 102%
67%
117'/a
McCrory Stores deb 3'A
Metrop Ed 1st 4%s series D
Metrop Wat Sew &
Drain 5%s
•
109%
102%
109%
—
107'A 107%
107%
A-O*
99
93%
;>.
*109% 110
94%
100
A-O
1950
1960
J-J
102% 103%
19
102%
J-J
107% 107%
8
106%
107%
7F-A
1
103
104%
1946
3
94
1980
1945
1952
M-S
100
107%
103% 103%
971/2
M-S
'■
97%
'.
M-N
.1943
J-D
96
.1960
J-D
64%
M-N
75
*112'A
Vi
97%
— '
104
104
103%
112
19
103% 103%
1955
104'A
101 Vi
'■
*104
J-J
"
95%
96
112
6 4'A
54
72%
M-S
1959
M-N
102
-
*83
A-O
—
/'¥
*32%
J-J
76%
68%
'
*54%
.1953
64 Vi
52
—
47
76'A
96
90%
25
64
.1947
73
*101% 101%
A-O
84
.
101
102
101%
1
102
Market Street Railway—
(Stamped mod) ext 5s
i
1
120
J-J
"■
103%
104
V.
104%
105
.
2003
Sugar 4s sink fund„Feb 11957
A Manila
'
'"■
—2003
1st & ref 3%s series E_x
Uuif mtge 3%s series A ext—
Unif mtge 4s
t
'W:
■',
__
100"
99
,,
Dec
1945
Co gtd 4s
ref 4s series D—i
&
Gen
1
64%
64
'
v—
92 > -
90 Vi
V1-ui2Z.' iff
:
to Nashville RR—
ref 5s series B___
1st to ref 4%s series C_—
AManila RR (Southern Lines) 4s
116% 116%
"■''■•Vi
58
97
'
74-Z
?744V.''.'— ./..♦95'A
J-D
A-O
tfAManitowoc Green Bay to North
.1941
western 1st gtd 3 Vis
105%
—
•
*3%'/;4
-
■J-D
1963
1963
1966
1st 5s series A
111%
6
■
91%
V'-vvZZZ." •'*;
*100" V'/
99% «
7 F-A''
M-S
105%"
27
'
51%
—H
-yyj
'*104
MS
f.M-S
110
92%
—r
■
— /—/
44'"- '£• -'♦106%
-•4
M-N
.104
105 Ve 105 %
92
105%
.97 "V:;■;(.
*110%/—■ —
.
M-S
(P) Co deb 5s__—_—1951
Maine Central RR 4s series A
■
85%
'"
5
'
F-A
Stamped
130% 130%
J-J
1954
4 Vis debs
*'"*44 '.vV
1077'a. 109-%-v
/
•'•"•.• •■x-
*107%
>
-72%
17
'
—
*94
y
>
71% \ 82
y
69% V77 .;■>,,,
83'A :
;•
70
58
-
72% -■•>84%
10
V— 125 :/■
*97
F-A
,71st to
Manati
^
110% 110%
*104
110%
'
-
>
M
96
'
Houston
J-J
17
27
80
v
98% >99%
—
*168
—
66
12%
94%
99
95'%
91
H
.1999
44
•V.4—'
f
1949
debentures
Marion
Hocking Valley Ry 1st 4Vis
J-J
-1949
1949
stamped.———
V South' Ry
104
*97
1952
1961
104%
98 Va
*60%
*
1969
.
f 4Vis
(-97
'
"
A-O
,
1962
1950
4s-seriea A
Long Dock Co 3%s ext to*„
113%
105 Vi
"■
Gulf States Util 3Vi* series D
.44 "•
44/-
1951
debenture-:—-
Lofig Island unified 4s—
Guaranteed ref gold 4s__
111%
111%
44
J-J
"!
—
"
6
112%/
12%
Gulf & Ship Island RR—
1st to ref Term M 5s stpd
-1955
-1944
Libby McNeil & Libby 4s_—
Liggett to Myers Tobacco 7s
Louisville
102 %
•'■'
«' •«-.«.
108%
77%
95%
73
>—'•
Lex & Eastern
Lou & Jeff, Bridge
101%
J-J
1975
"■
42%
105% "107%
'
J-J
Feb
s
65%
17
*99
J-D
Feb
Gulf States Steel
102%
32
48
19
105% 106
102
22 Vi
12
'
J-J
A Debentures
AGen mtge
63%
i!'X.'W'
Bay to West deb ctfs A
ctfs B
A Green
22
31%
1940
—1940
1367
-
General 4Vis series E
General mtge 4s
30%
63 Va
7''7-^—• V •'
-
103
74
102% 103
J-J
J-J
101 %
1973
1976
1977
General 5s series C
•;
J-J
.
2003
2003
2003
2003
2003
Louisville Gas & Elec 3 Vis
J-D
J-J
'.
-
83%
55 Vi
M-N
47%
103%
5
v:
58%
^
51
:
>':
-
76.
*114% 120
-
78
3s
Elec of Berg Co cons 5s
J-J
J-J
1954
1954
1964
—
5s stamped
48%
1
103
103
*
1077A 108Va
-
/".*•
«44:-i- "! .'**
'
'
J-J
Louisiana to Ark
to
4* 44-.
Lehigh Valley N Y. 4%s ext——1950
7
126
45 Va
13
Yd
7 3 7:
..
,12
82
-
82%
:
68
LoriJlard
Gas
444
J-J
v
F-A
102%
44%
12%
deb'S
1956
Sugar coll trust 6a——1950
—
4
83-%-. 84 '/a :
Lehigh Valley RR— ■77'777.>'
4s stamped modified
75
44 Va
99%
M-S
80%
84 :•/■
77%
143
7l4;
4%
.74%..'
83'A : -
r 5s
Stamped1
1964
ist & ref sink fund 5s—1974
.'
5s
stampede—:
.—1974
Leh Val Harbor Term gtd 5s
;---1954
106%
44%
J-D
99 %
103
774%
106
82%
*98% 100
-
83%
7.; •..*■
103%
117
2
105'/b
99%
101'%
78%
•"-
24%
106% 108 %
4
102%
4%
58%
104
4
21
99 Vi
*
1st & ref sink fund 5s„
104%
64%
116
stamped-—-™
5s
91
>*102% 103%
J-J
7
65%
98% '99
■
M-N
-
104 %■
72%
•
/
98%
J-J
5
1954
Little Miami
Machinery Corp 3s
Francisco
102
102%
RR—
8A2-4s (Proof of claim)
ACertificates of deposit—
Food
M-N
65%
:/ 82
-1965
1945
Cons sink fund 4Vis series
4Vis
.—1961
1958
•5?%
;> "74%
extd 5
Lehigh Valley Coal Co—^
1st to ref sink fund 5s—
99% .101%
:
Lighting 1st "5s
registered-:
4Vis stamped modified
& Rub 3s deb
289
J-J
.
1961
-—1997
1954
4s
Firestone Tire
55%
81
•.'72%:
J-J
C
93%
80
: 107
103
102
43%
75 % <
1961 7,
1961
Lehigh & N Y 1st gtd gold 4s-
106
82%
15
103% 104
M-N
55%
10
,7 54
82
1950
Lehigh to New Eng RR 4s A—i
106%
110
89%
.104
43%
A-O
"
148 Vi
101%
,,
J-J
54%
20
•
■
A-O
■
35.
106
.101
A-O
103
16%
•—y."
110
1067
91 Va
106%
47%
77%
'
A-O
1945
Coll to ret 5 %s series C_
„1953
i
Coll to vet 5Vis series D
.I960
Lake Sh to Mich Sou gold 3%s—(—1997
3%s registered—.—
-1997
Lautaro Nitrate Co Ltd—> r •
-7 ;; Alst mtge income reg
1-1975
Lehigh Coal & Nav s f 4Vis-A
1954
—
89%
90
81%
1961 :;"
Laclede Gas Light
108%
24%
*106%
A-O
104%
101%
107 Vi 108 V«'
78%
F-A
J-J
~
108%
*102% 102%
J-D
5
:X& &V"'
102%
107 Vi
148% 148 %
J-J
60
36
-
7
16
*102
J-J
„—-.1954 >
—1961 Kresge Foundation 3%, notes
1950 %
|:AKreuger ATToll 5s ctfs*.—i—1959 ,
100%
22
111 Va 111 %
60
44
463
99'%
30
7.
25
'
M-N
100'%
106
104
108%
M-N
1
68%.
98%
50
-
72%
52%
5
22%
61%
61%
J-J 7
F-A
1st to, ret 6Vis—i—
Koppers-Co, 1st mtge%3%si
111
35
*106% 107%
A-O
69
57%
7 54
J-J
!
111%
' 109%
109
.
109%
102Va
37
100%
!
33%
34
57%
103
53%
J-J
M-S
88
5€ Vi
21%
i"
'
Terra Jst 4s„
unguaranteed—-—
Kings Co
49%
98%
102 % 102%
•108% 108%
A-O
J-J
A-O
A-O
73
4 44
7
21%
57%
1936
Kings County EI L to P 6s—
8%
•■;
40 %
28
6
■
4—'
'
78%
;
60
103
103
104% 106'A
45%
.7, 41
46%
*45%
J-D
J-D
i
249
'105% 105%
A-O
70'A
■
3
64%
100
59
——
V-,Plain
8
:>>
110%
110%
111 Va 111 Va
105%
5
(102% 103'A
*105%
J-D
d
Mem Ry—
Stamped
•.'■755%
4%
77
65 "•
67 Vi
'Yli 44
57%- 58
J-D
Kentucky Central gold 4sxi—
55
45
46
60
48%
•i" 110
110%
A-O
63%
J-J
5?————Apr 1950
impt
Kansas City
4Vis
6%
47%
M-S
.
.
69%
.100
A-O
•
'3%s———1961f
Kentucky to Ind .Term 4%s
34
7% ■• ■'■
6%;
M-S
-
70 V*''
59'i
"4;.
J-J
—-1959
&*.Clear-1st 4s
Laughlin, Steel
ACertfficates.- of deposit—.
Southern Ry;lst 3s
-
Ref
105% 105%
:■■
63
7.7
54
•>53
'
A-O
73
>
68
68
M-S
Kansas City
83
79%
132
278
v"
'
'87%
1951
SARefunding gtd 4s__-
;v
'. v
105% 107%
7/ -77
53%
51%
5%
72
*92'/-.fx■ 787% 87%
v
M-S
Kanawha to Mich 1st gtd gold 4S__1990
■
East
to
JKansas
.
87%'
27
'
—1955
'
F-A
-
'
86%
.6%
*
J-J
t F-A
90;f/
f 72
K
101%
19
*105% 105% 7
F-A
73
6
-7'v" 2 •■' :'
-
97%
7: 7/79%:
81%7.7 —■ !-27:
*12 :■■:
70
7:
'
V: J'J '■£>
50%
6
'
'
.-—
Telep &. Teleg deb gold 4%s
James Frankl
">■
J-J
7 70%
7 97
-•■
'
69
'
■
"
64 %■
'
V.
—
11
50% j:,
107% 107%
52%
90
r
81%
80%
%8%
<
3
■
"
J-J
1947(7
1952
ref ftViSi——
51%
i
*103
J-J
■
7.
75%
&7Vi
-
57 Vi
■'■-•■.
Vi'
&
62%
39
*
87
lien
62%
D
M-N
7i69
F-A M
43
'
68%
.77777^
J-D
90
8i%7.
*
•
.—1953
IA Iowa Cent Ry 1st to ref 4s
■77
A-O
ii.'V-:
A
?
J-J
—
50%
J-J
-J-J
'■
..
: 100% 100 %
;;
a-O
'i
76%
60Vi
300
97% ""'97%
.",771..:
■''74
74
62"%'7*
:
60%
58
80
J-D
■
15
"
61%
61Vi 7
62 Vi
:/
v
273-
-
65
■J
?
178
'•
78%
•'79%-
••./• f
"7":
'fj
•97
65
;
r'7v
.
73
70%
-
-
gold 5s series C——
41
.
■777773 :■/. 7"
72*
"
'li14
■
96%'
•
74%^ 76%
71%
1950
1956
Debentures 5s—r—
53'%
>-
51%
51%
Y-d
Int
55%
46
■■
F-A
73
■7
.:■;■;
"r;
M-N
'
6s series A—-July 1952
1st 5s series B—
".1st
99%
7
62% : 62%.:
;
•
7:95%
46
*70
J-J
109%
—
50%
53
108%
is
99%
96%.
*59
•77 76
J-J
.
7: ^2:.r.
103%
103
99%
J-D
J-D
,
:i. 108%
■:•■
100%.
•-—44'
-V
"<;■}
■
-''7 74%
•;
74% 7
A-O
M-N
-M-N
..--..1956
Internet Hydro El deb- 6s——1944
Internat Paper 5s» series 'A & B_;i_1947 A
Ref sink,, fund •- 6s series A——1955
Int Rys Cent Amer 1st 5s B
—1972
7 107%
108% 109
A-O
A
108%
109%
M-N
M-N
A Adjustment
111
*110% 111
M-N
'
7108:
>
I a Inter-Great .Nor 1st 6s series A_1952 *V
A 1st
2
108
103
M-N
77
59
.
f
"'
69Vi
'
108%
8
•
103%
100;
=;
7if;
*96%-—
*—^.
•
64%
$AInd & Louisville 1st gtd 4s.*
-
5s——————1955
32%
if *4
1
V—'-I'"';*
*97
'«'V'ZZ^7-V,.7e;
A-O
•
100 7''
Indianapolis Union Ry 3%s ser B_1986
Inland Steel 1st mtge 3s series F—1961
Inspiration - Cona Copper is^——1952
J-J
.
65%
.
101%
16
;
.
100% 100%-"
•7 M-S 7
J-J
105%
?
.fV
J-D
107%
59
102'A 102Vi. ;
%
1963
1st to ref 4 Vis aeries. Cxi—;
Ind 111 & iewa 1st gold 4s_„-
105%
59
.'''v Z-{ '.-7 ■ ^**
J-D
104%
103% 103%
7.
1963
1st- ref. 5s series A_
14
J-J
1st mtge 3s
1970
Dayton Union Ry 3 Vis series B—1465
Delaware to: Hudson 4s extended—1963
Delaware Power to Light. 38—^—1973,^
JDenver & Rio Grande RR—
JAlst consol 4s
.————-1936
V
SAConsol gold 4Vis
i
1936
?Denver to Rio Grande Western RR—
7,
553.'t
27%
'
.
111 Cent and Chic St L to N O—
12
107% 108
J-D
'-J
7 J-J
7 J-J
.
•
104% 104%
105%
Dayton P to L
■
206
125
■
High
Low
No.
65
32
64
•
105 Vi 105%
A-O
A-O
7
serle* A-—.1981
—1——1951 -:
,
100 J, 100 A
■
Assented —-----——i
.
113'%
*#3%
J-J
J-J
131
110
J-D
Ry 1st 5Vis*——942
ADeposit receipts
ACuba RR 1st 5s gold
1952
ADeposit receipts
A7Vis series A extended to
1940
ADeposit receipts
~:~7Z
A6s series B extended to
.-1940
ADeposit receipts—r
—- y
Curtis Publishing Co 3s deb
1955
A
Range since
January 1
Bonds
Sold
High
Low
63%
7 31% .7: 31%
7
-
7 A-o 7'
-Feb 1957
40-year. 4%s
>Zl960"-.
Cairo Bridge gold 4s_——
1950
Litchfield Div,lst. gold 3s
1951
Louisville Div At' Terra, gold 3 %s_1953
Omaha Div,1st.gold 3s_^—1951
St* Louis Div Jt^Terra gold3s—
1951
Gold 3%s
_*
A.1951
Springfield Div 1st gold 3 %s_—1951
Western Lines 1st gold 4s
—1951
c
r
(
AGeneral s f
1957
A_^
Purchased lines 3 %s—— I~ill952
Collateral trust .gold, 43——
—1953 ■*>.
Refunding -Ss,
■
7495s
104%
109
47 i
113'/a 113%
/
F-A
,r.lst gold 3%s—;
—Il951 >
Extended 1st gold 3%Su.__.1.
—1951
1st gold.3s -sterling19,51 ■
Collateral..trust gold .4s. u^
/. 1957 Refunding 4s—.
■
■■■•
.^-1955
61%
103'/a
'
1st gold 4s„_^l.
90%
,
52
1109%
"109
M-S
JACuba Northern
•
;
88
83
■.,104% 104%
A-O
•
1st 5s
income 5s_^_„—
Illinois Beil Telep;2%s
Illinois Central RR—
92'/a
75%
35
104%
♦
'
84
177
103%
Power Co—
1st mtge 3 Vis
1965
1st mtge 3Vis
r
1967
1st uatge 3Vis
—-—1970
1st mtge 3Vis
1966
1st mtge 3 Vis
1963
Crane Co 2 Vis s i debs-.
1950
Crucible Steel 3Vis s f debs
1955 ;
Consumers
.
77
-61%
59
61%
J-J
1954
4s
A
Z'
M-N
1940
1948
1950
1958
1951
debentures
3Vis
'
f yV.92
103% 103%
York—
Consolidated Edison of New
3 Vis debentures
3Vis debentures
3Vis debentures
Consolidated Oil conv deb
98 Vi
89%
98%
>•89%
M-N
1958
1951
L 1st & ref 4 Vis
Conn Ry &
99vv
92%
41
J-D
A-O
1968
Conv
Week's Range
or Friday's
Last
Sale Price Bid & Asked
Period
-
,
106
95
86 < j
<
;■
<
"
I
mtge 3Vis series
debs 3Vis
106
98 Viz
90%
85 Vi
Commonwealth Edison Co—
1st
107
h'Yz
99 Va
A-O
'
--Apr 1 1969 y
w w
A Adj.
107
—
99 'A
>;
Mackay Corp—
Income deb
106 V4
*
••
'
c
modified)———1980
& E deb 5s
-May 1952
5s—
.»—;—C——1961,
H V 1st extl gold 4s—1948
Sou Ohio El 3%s
1970
Tol 1st extl 4s——1955
A Commercial
/•—
A-O
(stamped
4%s
'
r-
—
"106
■
■—
•■
J-J
r.;
Ry.—
Colorado & Southern
Interest
v
•,
*108
F-A
A-0
10
*
•ZI
*107
F-A
1945
mtge-—>1970
gtd 4s
Coal River Ry 1st
■:■'■;__
M-N
1948
.>1950
1977
—1981
1961
1972
1973
1977
gtd
Stock. Exchange
Hiah
Hudson
Cleveland & Pittsburgh RE—
York
Week Ended March
January 1
No.
Hiah
Low
New
Friday
-V...,7V.;
BONDS
V7
Range since
Bonds
Asked
Sale Price Bid &
Period
1ft
Ended March
Week
;•
Interest
Exchange
Stock
Week's Range
or Friday's
Friday
Last
BONDS
New York
101%
97%
.1945
Q-A
7
97
1955
A-O
105% 105%
3
105
105%
.1960
M-S
111
111%
12
110
•111%
1950
A-O
*92
94%
97
111%
97%
92
93
■
Volume 159
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4263
1059
NEW YORK BOND RECORD
BONDS
York
New
Stock
Week's Range
Friday
Last
Interest
Exchange
Week Ended March 10
or
Friday's
(Chic) 4s—— -1938
?-A
16
Sold
No.
Low
1
16
16
16
Jack
1st
Lans
&
Sag
M-S
103
—J- J
1979
.
"93'A
M-N
1951
1952
impt 4 %s series C
Michigan- Consol Gas 4s.,-;
95
{§AMidland of N J 1st ext 5s——■„ 1940
7§ AMilw & Northern 1st ext 4%s_., 1939
A-O
"63'A
J-D
"97'A 100
——.
„i_
A§Consol ext 4%s
.
Niag Lock & Gilt Pow 1st 5s A—1955
>1 a 1st
1941
M-S
series A—. 1962
& ref gold 4s
ARef & ext 50-yr 5s
__L 1949
J: Q-F
-
6
6
59-
77»/a
11
10%
7%
,3%.
5
4%.
J 'J
.
8 A 1st stamped 5s gtd as to int_. 1938
Alst & ref 6s series A—
A25-year 5'/2s
{ A Missouri-Illinois RR
Mo Kansas & Texas
:
j-J
.
'
132
-
•.>
4'A
...J-J
-4
104'A'".'
"100
1
73%
.
238
04 %
63%
1962
64'A v
71
71
72%
60
59
-60%
A Cum
A Certificates-
63'A
A-G
45
F-A
68%
c
of
ref
46%
67%
C:
..
53%
67 %-
67%
27%
28%
2.
■
29'A
;
"
1,142
•
G_*
series
A Certificates
of
—
.
of
■
Af-N
12%
A-O
■; 68%
'
87
>>.
22%'
30"
?
F-A :y;:y
i-ii''rh;
67'
96%
91'A
60
60'A
76
53
62
i__2047
Q-A
57
57
2
51
74-'
73%
74%
147
61%
75%
91
314
80%
92
78%
67
67%
80
78%
75
67%
80
;—
impt 4JAs series A
States
y:i:::(S5
y M-S
'
,—2047
v
Montreal
1st mtge 4s
mtge 4s,l—
v;
68l/a
67%
-
Otis Steel
<
1st
1st
1st
Essex
&
j-d
.2000
•A
5s
series A—
.1955
1955
.1968
3'As
series A
y
/
—1949
ms
ms
a-o
J-D
j-j
1
J-D
1952
•
inc 5s
§ANon-cum
A Certificates
Alst
of
series
5s
1955 "
Alst
;
Alst
of
^
.-
4'As
5'As
of
series
ACertificates
59 %
110% 110%
1
109%
"111%
85
86%
N
■>ry
111%
102% 103
104
..
•
•
yi'y v
AAA
115%
91 %
103%
,-1956
—
;
16
y :
>
107%
•
-■
97'A
Conv
R
78%
.A'jj
■
'•
General
-'
registered
gold 3Vis
3'As registered
Mich Cent coll gold 3Vas_.
:'yt:A 3%s regfktered
New York Chicago & St Louis—
3'As
5'As
series
vA '--'".r- ••82%
83
81%
%
;
81
'
::'v
4'As
series
Conv
Conv 5%
1
1st
N
Y
lien
1st
.72 —
F-A
65'A
1947
1965
A-O
101%
101% 101%
A-O
106%
106% 107
F-A
84%
A-O
A-O
1966
A-O
Philadelphia Co coll
deb
gold 5S—1948
3'As-
3'As
deb
deb
-
AConv
63
3s
y
——
108
107% 108%
109
109
109'/a
•
y.
>
114% 114%
F-A
110
Af-N
"105
J-J
"103
J-J
"103
Series
101%
Series
91%
Series
100%
Gen
108%
Gen
109%
1st
1st
105%
1st
103-
104%
Pitts
81%
81%
5
71
82
3 it
86%
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11
77
87
1st
1st
60
49
46
60%
Pittston
56% '
56%
58%
99
45%
60
Portland
57
45%
59%
<
57%
58%
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168
J-J
56'A
57%
295
46%
61
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57%
57%
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277
46%.
61.
'
4s*—j*-——-—1955- •''
4s—
—1956
3'As——1956
certificates
4s_.
1957
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'
J-J
'
57
J-J
60%
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91
91
94
M-N
30
29
31
J-D
58%
58%
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1
56%
.
58%—
60%
62%
.
'140
,
968
-
60%
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64
{AN Y
1954
_
Ont~& West"ref ~goi d~4s~IZl992
A General
4s_
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cons
gtd 4s
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N Y Rys prior
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Y
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—1955
——
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94
16%
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M-S
: J-D
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14'A-
225
5%
5'A
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73
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J
—1963
J-J
107%
108%
—1937
J-J
—1937
108
45%
:: F-A'
J-J
29'/a
1st 4'As—1946
,,1966
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108
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page
95%
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7
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y
26%
105% 105% >
105%
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9%
9%;
f-a
1945
1949
1953
1957
1960
Af-N
101
113
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123
of
—
106%
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,
6%
10
9
100%
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104
104
104%
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T
113
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14
116
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107%
71
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90
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101
86
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109
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103
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,,
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13
85
—
101
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—
104%
12
115
123
1997
mtge
26%
105%
112%
113
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mtge
63
17%
105%
474
;>y?y3.
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1951
ref mtge
ref
38%
103'/a
104% 104%
J-D
J-J
ref
103
257
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F-A
Public Service El
&
111
102%
9
100% 101'A
27%
&
110'A
106% 106%
9% >v\
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1st &
14
■
'
M-S
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124
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13
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110% 111
102% 102%
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:
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13
106% 106%
■
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133
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.
'
ms
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1st 4'As
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24
17
102%
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—
110
„
106%
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J-D
107'A
147.%
147%
109%
107% 107%
J-J
110
111%
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A-O
—
109% 110
R
Reading Co Jersey Cent coll 4s—
18%
15
20
:
•.-A
110%
108
J-J
For footnotes see
46
126
65%
110
106
3'As series B_—_J967
Niagara Palls Power 3%s__
52
97%
5%
"105'A 106%
Y Telenhone
Bost
14%
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F-A
&
7
105'A
9%
4
M-N
gold 5s
1940
ATerminal 1st gold 5s____—1943
t§AN Y West
64'A
102%
J-J
§ A General
N
105'A
Va.
74 %
36%
107
90%
M-N
•
105
107
■
92%
F-A
SV-iS,.————1977
1st
"Af-N
';•-'/
90
1957
—1956
& Gas 3Vis,——1968
3s
—.—1972
5s
2037
8s—
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63'A
;
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92
1964-.
—1951
•
96%
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_1958
lien 6s stamp.
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5 A 2d gold 4yas—
Elec
..A
90%
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inc
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23%
66
yy.v
101 %
112%
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.
397*
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Co
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97
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,
82
v
32%
107
111
J-J
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1st mortgage
45'A
•
133
453
f;
91
MS
deb—„1964
1960
—1950
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57%
Af-S
yv
mtge
99%
5
57
J-J
1977
1952
1950
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A-O
•
107%
107 Va
74
31%
1970
—1975
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1st
101
106
100%
32'A
4'As
mtge 4%s series B
1950
& W Va 1st 4%s series A—,1958
mtge 4%s series B
1959
mtge 4%s series C
1960
Young & Ash 1st 4s ser A—1948
gen 5s series B
1962
gen 5s series C
1974
Steel
1947
AConv deb 6s__——————1948
§ACollateral trust 6s
-—1940
1st
mtge 5s series B__
4'As series C
117%
97
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111
F-A
—-J963
5s series A__—
111%
115%
16
100
V:
124
109
•
16
111
Apr
guaranteed 4'As__ 1964
cons
Pitts Coke &
Pitts
111
J
Gen mtge
Af-N
Af-S
H
107%
'
1947
P
102%
—1954
—
St Louis—
guaranteed
gtd gold
4s guaranteed gold
4s guaranteed
cons guaranteed 4s
101%
84%
„
D 4s
Series I cons 4'As
104
103%
100%
121
'/a
100 %
107'/a
72%
.——1949
3eries E 3%s
Series G
106%
107%
-
73%
Pittsburgh Cine Chi &
67'A
104
107
A-O
,—1963
——
69
M-N
1973
—
70%
110
13
107
107%
'
Phillips Petroleum 2%s debs
114%' 115%
4
110'A
107%
98%
123
100%
A-O
1973
75%
108%
109
"7%
100
17
'
.
109
108
109
M-S
1937
106%
■
4
108
6
A-O
85
78%
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73
109
J-J
1971
deb 6s.
105
y
19
85
109%.
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87
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100
1st & ref 3%s_. ...,,1967
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108%
100%
'
93'A
109%
106%
A-O
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74%
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5
63
"
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87
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10
—
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'
tr
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ref
33
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•
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&
{Philadelphia & Reading
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RR
—
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80%
•,.
109%
109%
109
116% 117 'A
4'As_. .,—,1961
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467
:
/y,*
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110% 111%
1977
Phila Electric
109%
1947
65
84
90%
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109
109%
123'A 123%
ext-
63
1
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89%
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100
108
106
111
E
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23
-
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104
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''
29
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—1970
—1981
,1984
1952
78%
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3'As series E
West
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68
67%
1947
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v
68
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'/A
J-D
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——1956
81'A
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•
.
26
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67
——
/y
<
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74
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85
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2000
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2043
A Non-con v
73%
.1965
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Eastern 4s
&
Seriis
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Lack &
73%
F-A-
Y ,&
Y
"84
-
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& Erie—See Erie
mtge 4'As series
deb 3 'As.
83%
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41
115
101%
•'
—
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77
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•
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\
—
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644
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6
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106% 107
106%
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1974
69
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'152
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N
93%
93%
;
—
1960
77%
'
J-J
F-A
91%
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J-J
gold 4%s series C,————1980
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1952
79%
69
221;
•
.
104
.
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;
252
1998
notes
& ref
— 71%
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1974
1st gold 4s
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65'%
>
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1968
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yy
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61
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1998
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to
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'
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1960
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;
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1974
■'yy.; a t —'•••74".:y
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1997
C
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-
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1
39
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y
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-V
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B
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••;
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1998
A,
Ref
series
98'A
— .71%
16
A-O
1952
Lake Shore coll
Ref
5s
100
•: •;
26
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1948
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AA A A A,'L '
76% ; 77
77
109
,1970
series A
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96 y
ll
,
.
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;
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105
y:
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110
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1974
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1
debentures
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y*
•
78
Power & Light
98%
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41—
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V'A .11-
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4s sterl stpd dollar
102%, 104%
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'.;
secured 3'As
Cent
Y
Trans "deb
103%
4
79%
79%
y
78%
F-A
llO'/a 110'A
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104%
1
105% 105%
109 V4 109%
F-A
gold 3s loan ctfs——1955
f
s
3s B_
62
99%
111%
110%
110
4
■
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108%
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":.y 22
"65%
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.
vA_
,,
;
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117%
107
5
U
103%
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.
/
13 :
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99
110%
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'105
■
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>
110'A 110'/a
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92
116
•
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97
78
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98
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1952
1963
■;;122% 124'A
-
10
103
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•
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104
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116
84
19
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123
96%
99%
A-O
yy
.v-'y 5
99
Broadway Corp
■
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impt 5s series C
105%
110% 110%
1944
-
100%
70
123
107
"
-
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105
173
98%
.'•'
103'A
115
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''
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—
1998
&
110%
103%
108% 109
Pennsylvania Ohio & Detroit RR—
1st & ref 4'As series B———1981
1st & ref 3%s ser D
1968
105 %
102%
103%
5
116% 117%
*>.
>
Vv
F-A
—1945
Ref
109'/a
11
Pennsylvania Co—
107%
lOO'A
92
■,,,
—,—-—1954
——
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108%
14
•:
.
90
105%
29 y
■
104%
/
82
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-
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104% 105%
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91
■>:
-
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Y
108
'
-
110'A
'
•'
14
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\"y
deposits
gtd 4'As
108%
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Paterson Si Passaic G & E cons 5s_1949
Parmelee
%
90%
:
A-O
M
1st
>
•
110'A
111%
:
"82%
'
>
1971
Paramount
Newport & Cincinnati Bridge CoGeneral
107%
J-D
J-D
1970
Panhandle East P L
55%
o
A-O
*_
1950
A
of
<
1954
deposit
series D
ACertificates
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105%
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M-N y
43'A
123
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—
deposit—
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series
5s
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•
104
105
•
8
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•
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J-D
.
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1960
47'A
91%
J-J
1935
deposit
-
of
A.-!-:
J-J
114
J-D
gtd 4s_—1953
series A
B
ACertificates
109%
109
—W
104% 105'A
1955
{New Orleans Texas & Mexico Ry—
■
105%
110'/2 110%
95'A
153
•"116'A
J-J
4y2s
1st 5s series A—1952 v
ref 5s series B
1st
108'A
20
2
107% 108
'A-
J-D
55'A
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-
J-J
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"105
^
105
.*—1966
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1983
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107%
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&
106%
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13
J-J
106 %
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105'A
23
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104%
5
108
J-J
:
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29
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69
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104 Vi
-
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101'A
Af-N
gtd 4'As series B„„
—1961
RR gtd 1st 4s—1986
N J Pow & Light 1st 4'As
1960 *
N
18%
Pennsylvania Glass Sand 3%s__.—1960
yv
.
J Junction
New
17%
107
•'
:,„1966
48%
.; IO5'A.
-1949
—1965
1st
N
112%
104% 105
loa'A
J-D
Af-N
J-D
;J-J
,
114%
10O'/a
85
1948
Tel 5s A
New England Tel &
;
113%
84
106%
1945 '
1945 V
—1952
;—a
109%
111%
112
107% 107%
J-J
;v;
Secured 4s—
F-a
1954
gtd 5s
AConsol gtd 4s—;
;
.
1966
109%' 111%
9
57 %
•yyi^y'y
j-d
5s
cons
{ANew England RR
108%
9
18%
104%
M-S
1946
5
N:
1960
{ANaugatuck RR 1st gold 4s
Newark Consol Gas
1
112
'
104'A "105%
v
**'**.
1978
Nat
•
:•
VM-N
.
3'As sinking fund debentures
Steel 1st mtge 3s
109% 109%
M-N
1962
67%
60
22
56
J-D
.1947
Fuel Gas 1st gtd 5s
National
...
*
59%
M-N
Dairy Prod 3'As debs——
Nat Distillers Prod 3'As_l
.
J-J
1961
55%
M-N
4%s series B
Nash Chatt & St L 4s
F-A
Af-S
<
...
1964
"100% 101%
k
M
Mutual
77'A
gold 4s
cons gold 5s_
67%
57
y>;yy
M
& T
106
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J-D
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78
con
68'A
113% 113%
'
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.1958
grd 3'As
:
■■
106%
W
ext— .1951
'■
•'"
Constr
Mountain States
J-J
59
y'.
5s—1945
"y 56%
565
110% 111%
y>.A-Ovyy;
ref 3%s.— .1966
(John) 8t,Co 3s debs
Morrell
Morris
78
*
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"104'A 105'/a
S';'.-.:'A-0
5s
J-J
90%
77'A
,1965
1967
—
mtge 4%s ser A
1st & ref mtge
—.
Tramways
90%
'
2047
.
J-J
*
2047
;
13'A
''
66
65
F-A
.1965'
.
J J-J
2047
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—
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67'A
'
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:c' "1st. mtge "4 %s_^i.*—A.*****.i-,'-;. .I960
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116
60%
1946
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1946 ?
y
Guaranteed stpd cons 5s
—1948
Oregon-Wash RR & Nay 4s_
1961
Monongahela W Penn Pub Serv—
Power
116
>118
1*5
'
11981
deposit
Moh'k & Malone 1st gtd gold 4s—i 1991
Monongahela Ry 3'As series BAl— 1966
Montana
125
68%
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•
46'/a
131
88%
•9'/a
:v ■ 157
■■■■'
Af-S
t..,
47%
129
92%
59%
68%
67
'
>125
131
1
56%
323
12%
V. 12%
.
Af-S
.
131
86
46'/a
100
Oregon RR & Nav
;
67%
57%.
2
67'A
37%
89'A
(Ontario Transmission
56% ".68 'A
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95'A
•"
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v
1st mtge 3%S
—1972
^Oklahoma Gas &".Elec 3%s—,1966
68%
56%
•
.
204
82'A
149
86
45%
89'A
1st
5,47%
56%
56%
831-
•
: 68%
>
67
l;;
■
67%
66 %
67
•
******
y.
68%
67
V
67%
"
•-
deposit—_
series I__,
5s
'
68'/a
.
'"v
m-n
deposit
AConv gold 5%s—
1949
Alst & ref gold 5s series H„—. 1980
A Certificates
Af-S
v:
-1978
27
85
94%
Ohio Edison
56% •'67%
•
104 %
O
.65'A
:.36-
'ii-
>140 '
110'A
102'A
"40
O-A
tOgdensburg & Lake Champlain Ry—
:
8 A 1st guaranteed 4s_————i_1948
,61
57
.
88
68%
46%.
F-A
65'A
.
1
5s
ref
45
,
Af-S
1975
of
&
'
,
'
-—
A Certificates
Alst
63'A
•L'V
deposit—*,
•
&
'
-
.
86
A-O
.
.
"
-1965
A 1st & ref 5s series F—--A..*., 1977
A Certificates of
deposit-—
Alst
59
■
r
v< A General 4s
V
J-J
adjust 5s series A—Jan 1967
{Missouri Pacific RR Co—
Alst & ref 5s series A—
;■
J-J
1978
D
J-J
;
.
1997
(Minnr 1st & tef mtge 3%s,
,196T(
(Wise) 1st mtge 3%S—
,—1964
73'A
60
1962
40-year 4s series B
Prior lien 4'/2s series
'
High
108'A
100
64»A
■
"f
5- '•
>56'A
41
64'A
;
low
2
9
.
89'A
Northern
Missouri-Kansas-Texas RR—
5s series A
102'A 102%
76'A
100
J-D
.
2%
U
-
J-J
1990
•
25 '
)-;■ y,v :'
5
75 'A
75 'A '
29%
36%;
v:
5 •'•••, -7%
;.-.76
110%. 110%
102'A
January 1
94%
registered—
; Ref At impt 6s,series B-»; Ref
& impt 5s. series C_,
y' Ref Si impt 5s series D
38 j
110%
.
Range since
Sold
No.
Q-J
Q-F
4s
Ref &
36%
30'A
-^
Bonds
High
Gen lien ry & Id gold 3s—Jgn 2047
-5%
* 29 Va
!
14
:
7% " "
7'/a
7'/8
MS
J-J
1st 5s—. 1959
1st 4a
36%
38
■
35% ' 36% r
36'A
j-j
1946
1949
1978
-
35'A
37
J-J
1938
1938
Alst & ref 5%s series B
.-1998
••?
§ A 1st, cons 4s stamped
§ A lst consol 5s———--
Friday's
Q-J
:
registered
{Minn St Paul & Sault Ste Marie
-
or
.
Northern Pacific Ry prior lien 4s—1997
;
:v,: V
12,A>
,;
Co—.
1st mtge 4 »A% .series A
Norfolk & Western Ry 1st gold 4s_1996
Nortn. Central gen & ref 5s—.1974
Gen Ai-ref 4Vas series A*.
1974
69%
77 y2
Southern. Ry
1950
AGen mtge 5s conv inc
.—2014
{5ANorfolk Southern RR 5s A_
1961
75%;v 84>''
68%
deb 5'As
'
101
,
83
"65
Af-N
...
-
83
68%
J-J
■
70
97
; ■>'■
.
<
105%
55
•
.
83'A
104'/8
69%
83
83
M-S
1947
103
73
17
Week'* Rang*
Last
Sale Price Bid & Asked
A-O
Norfolk
104'A 104'A
104'A
J-D
1939
{ AMilw Spar & N W 1st gtd 4s„
i§ AMilw & State Line 1st 3'As*
{Minneapolis & St Louis RR—
Prior lien
10
Low
18'A.
•
102%
3
20
'
83
M-S
„
Period
March
High
;
103
82'A
1963
.
Interest
Ended
Niagara Share (Md)
3%s—
gold
Ref &
Friday
-New York Stock Exchange
Week
Micnigan Central—
.
■
.
January 1
-
High
Lou)
tSAMet W Side El
BONDS
Range since
Bonds
f
Sale Price Bid & Asked
Period
14
.
87%
110'/a
31
109%
Gen
& ref 4%s series A
,1997
J-J
,1956
Rand deb 3'As
Republic Steel Corp 4%s series B ,1961
J-J
Gen & ref 4%s series B
Remington
99
100
17
97
99
98
99
113
94
98
99
21
94'A
99
106
106
1
104'A
106
'A 104%
8
104'A
106
8
104'A
106%
101 %
102'A
98%
106
F-A
104%
104%
104
,1956
M-N
Revere Conner & Brass 3Vis.,——,1980
M-N
{§ ARio Grande West 1st gold 4s_ ,1939
Alst cons & coll trust 4s A— -1949
J-J
92%
92'A
94
112
A-O
55%
55%
57
93
Gen mtge
4'As series C.
100
100
104% 104%
"102% 102'A
99%
81
95
44%
58'/a
Monday, March 13, 1944
COMMERCIAL & FINANCIAL CHRONICLE
THE
1060
RECORD
NEW YORK BOND
Exchange
Ended March 10
Stock
York
NTfw
Week
Week's Range
or Friday's
Price Bid & Asked
Friday
BONDS
Interest
Period
;
<
Sale
Range since
Bonds
Last
'•
Gen
*125%
M-S
M-S
M-S
M-S
M-S
J-J
J-J
1977
1967
1967
—1969
H
Gen mtge 3Vis series I
Gen mtge 3%s series J
{§AR I Ark & Louis 1st 4Vis
$ A Rut-Canadian 4s stpd:
JSARutland RR 4Vis stamped
1934
1949
1941
*111%
gold 4s..1948
Gas & Elec 1st gold 5s_..1949
12%
14%
7
16
109 Vi
39 %
ii i
12
■•>/■•
i6
,
1971
50
:
16
.
1968
1947
—1990
Lawr &
6t
2d
1990
Mountain & Southern—
gold
A-0
fSt Louis Iron
6t
stpd
Francisco Ry
Mt & P 5s
L Rocky
Louis San
tSt
J-J
Louis-Southwestern Ry—
4s bond certificates
1989
A 2d 4s inc bond ctfs
Nov 1989
5 A 1st term & unifying 5s_,
1952
A Gen & ref gold 5s series A
1990
St Paul & Duluth 1st cons gold 4s_1968
{A St Paul E Gr Trk 1st 4 Vis
1947
t§ASt P & K C Sh L gtd 4Vis
1941
Distillers 4s s f deb
Scioto V & N E 1st gtd 4s
tSeaboard Air Line Ry—
§ Alst gold 4s unstamped
Alst
.
35%
28'A
140
74%
67
45%
47%
v 571/2
/ 38%
30%
35%
36%
36
266
it.;
104% 105
104%
92
104
26
.
Gold 4Vis—-—
Gold 4Vis.
29%
1st ref gtd 4s
----
5s..,—1994
1956
1956
Devel & gen 6Vis—..
1956
Mem Div 1st gold 5s
1996
St Louis Div 1st gold 4s
1951
Southwestern Bell Tel 3Vis B——1964
1st & ref 3s series C
—1968
Southwestern Pub Serv 4s
1972
ASpokane Internat 1st gold 4Vis—2013
Stand Oil of Calif 23/4S debs
1966
Standard Oil N J deb 3s——.——1961
23/4 debenture
—1
—1953
—
1956
—1961
Superior Oil 3Vis debs...
Swift & Co 2%s debs
,
43%
41%
39%
40%
56%
57
411/2
42
100
1001/4
115
20
637
28%
49
27%
42%
401/2
62
42
100%
52%
55%
103%
105%
103
103%
1
106 Vi
123
123 :
....
__
"*4
107%
107
98%
107
95%
95%
4
94
96
78%
79%
249
69
Westchester Ltg 5s stpd
H
/ 82 '•
,r
75%
77
145
66%
77
75%
77
390
65%
80%
78
297
65%
102% 102%
62
101%
95%
365
76
74%
94%
98
99%
102%
.44
100%
105
102% 102%
20
100%
103
111% 111%
19
110%
112%
106%
107%,
*107% 107%
J-J
.♦111
v-N:
Apr
54
♦102%
M-N
M-N
.
104
Terminal Assn St L 1st cons 5s
1944
*118
F-A
1953
J-J
F-A
1959
A-0
1965
M-N
2000
J-D
series B
f
s
gold 4s___
;
/
■
•
'
'
103%
Texas
-
deb
3s
Company
debentures
3s
Texas & Pacific
gold 5s
1st
*105%
97%
;
7
Wilson
I/
7
:
91%
45
16
ref 5s
1977
A-0
90%
90
90%
&
ref
5s
series
C
1979
A-O
90
89%
90
&
ref 5s
series
D
1980
J-D
89%
90%
40
1964
M-S
*110%
Tol
J-J
77%
77%
78%
36%
35
36%
266
101%
12
1st 4s____I950
A-0
102% 102%
3
ref 4s
Ry 1st
&
Toledo
& West
Louis
St
101
101%
J-c
90%
v
90%
112
71
71
A-0
Ave
Adj income 5s
80%110
'
79
„
1960
Jan 1960
Ohio Cent ref & impt 33/4S__1960
Third
A
"
90%
79%
■'•
•
117%
81%
28
Gen
106%
115%
43
&
Gen
•
101%
I.
»'
Conv deb
:
in
In the
following extensive list
March
we
furnish
a
to include every security, whether stock or
York
Week
Curb
Ended
Friday
Exehanc*
March
Last
10
Sale Price
Par
Acme Wire Co
Range
of Prices
Low
.
.
_
Jan
'
Aero
—1
"
Ainsworth Mfg common
Air Associates Inc .(N J)
Aircraft
Air
Accessories
Investors
Convertible
Electric
Great
Alabama
Power Co
25%
Feb
Jan
Feb
i21
4
9%
Jart
2
Jan
2%
Jan
2
Jan
2%
Feb
35
footnotes
2%
7%
7%
900
9
Jan
35%
Jan
3%
Jan
preferred!
3%
"
300
2%
2%
800
V;
—3
3
-50
95
2%
see
page
1065.
Jan
,
Feb
7% Mar
2%
3
1,600
92%
95
180
89
Jan
95
" Mar
116
40
114
Feb
116
'Jan
115
105
preferred...
For
800
-.10
I"
Appliance
Southern
$7
_50c
3%
2
preferred
Air-Way
$6
Corp__.„_I~I
3%
9
7%
1
common
Alabama
5
3%
Jan
71%
>
20%
116 %
y
"91%"
ll6'/8
220
72%
118%
>57%
•74%
2
20%
94%'
101%' 103%
.7 12
-
70
60%
49
16%
22%
18
'
15%
*108% 110%
A-O
J-J
1968
197.1
111%
111 r
70
20
67%
53
93
•
72%
55%
..
70
101%
•<
15
94%
.1
102%
101
16
71%
v
104%
100%
109%
110%
107%
108%
*
108 % 108%
?
!
»•
^
1948 V
11960,
103% 103%
MS
15
102
104 7
102% 102%
42
101%
102%
102%
M-N
e Odd-lot sale
range, r Cash
not
sale
y-.\
''
Bankruptcy Act, or securities assumed by such companies.
being transacted during current
77 .y/7;./
7;
ABonds selling flat.
*7
week.
V v/v'./r./'"/-:'
EXCHAMCE
RECORD
week, and when selling outside the regular weekly range are
Week Ended
Week's
Friday
STOCKS—
New Yorkf Oarb Exchange
1™
"
B
63%
:
102
a:
52
102% 103
*
transactions on the New York Curb Exchange for the week
Feb
6% Feb
x8% Feb
;20%
1
Supply Mfg class A_„;
Class
93%
■
103%*
March 10
'
"
.
beginning on Saturday,
itself, and is intended
Sales
Range
Sale Price
for Week
of Prices
' Last
'
shown
Shares
Low
Range Since
No.
High
January 1
Low
High
High
Low
22
93%
'
99%
:101»/a
7
'•
111'a 111%.
•,
.>*
139
67%
,
62%
entirely from the daily reports of the Curb Exchange
dealings have occurred during the current year. ;
•
Range since January
High
•67
-*13
•Friday's bid and asked prices; no sales
;
„10
common
'
65
•.
101V2 102%
101 Va 101%
"**111 %
m-N
.
99
77
108 J
104%
104
;
A-O
J-J -,.i
J-J
-
103
77%
■"
102 V'b 103%
104
'
'98%
42
•■'y/i/.y
.^Negotiability impaired by maturity.
tThe price .represented is the dollar quotation per 200pound unit of bonds. Accrued interest payable at the exchange rate of $4.8484,
{Companies reported as being in bankruptcy, receivership, or reorganized under Section 77 of
Sales
7
'
'if, 101%
111%
112%
88% 1 95%
21
96%
M-S
109%
110%
41
97
96 %
:'
118%
108%
-27
102% 103
96 Ve
103
101
118%
>
101
176
95'%
96%
r
'
7110% 111%
96%
M-S
1936 y
3%s.
4s—L._
:
I 3%s series D—
they are the only transactions of the
computing the range for the year.
for Week
Shares
5
'■
99%
r.
101
r,.
2
i? 102%
.
110%
\
104
7795
47%
38%
98
110% 110%
95%
98%
3
109% 109%..
110%
42 *
953a
101
101%
.
/••:
•
3
:.
99%
118% 118%
It is compiled
bond, in which any
Week's
*101
>
.
'
STOCKS
New
46
•
99%
*101
39
40
28
98%
97%
45
41
37
*40%
:
45
/•l 41-/
.'•
•
98
81%
76%
40%
*39%
M-N
,
68
•;/
140
175
7 a Deferred delivery sale not Included in the year's rang*,
d Ex-interest,
lhcluded irv the year's range. . n Under-the-rule sale not Included in the year's
not included in the year's range.
>7;:7.■
the
102%
complete record of the
(March 10, 1944).
and ending the present Friday
4,
104
89%
56
8IV4
76%
*40%
J-Di
i
1st mtge s
AND YEARLY
deferred delivery sales are disregarded in the week's range unless
the week in which they occur. No account is taken of such sales in
and
footnote
a
100 v*
67
79%
74%
*41%
M-N
,
1958
1960
.1949 L
1st 4s
A Certificates of deposit
30% V 37 %
96% 101%
WEEKLY
in
102% 103%
81
76%
;<
B__wl966
SASu It Du div & term
NEW YORK CURB
NOTICE—Cash
111
80
11
97%
106%
105%
:
11
Gen
Tex Pac Mo Pac Ter 5 Vis A
103%
2361
J-J
...1949 4?
JiA Wisconsin Central 1st 4s,.:
ACertificates. of deposit
1
105%
"■
105
30
-
117% 117%
—
109%
19
89
110%
110
63%
& Co 1st- mortgage 3s
Youngstown Sheet & Tube—
lii:
105%
■
105% 106
'
102
X
/
Ill
28
-
97%
96%
106
91%
110%
•
100
__
87%
111
90
110 %
110%
-67%
Winston-Salem & B 1st 4S
—
105 Va 105 %
105%
:
*100%
•
p-.-
'
■
.
•-
Ref &
109%
„
110% 110%
J-J
Wisconsin Elec Power 3%s_,
103
,111% 112
J-J
impt mtge 3%s series B..1974
Tcxarkana & Ft Smith 5 Vis A
1950
refund
Gen
120
*„
•V-'
*91%
•
A
J-J
..
111
Ill
J-IJ >
• ;
.
guaranteed._„__2361 J
Wisconsin Public Service
1951
102%
*112%
A-O
F-A
1951
ul960 v.
1951
Registered
,,
105%
1
Tenn Coal Iron & RR gen 5s
*108%
111
M-S
%y ' -.y -.-y'%
Telegraph: Co—
v-;;:,Wheeling Steel 1st 3%s series
.
105%
102%
...1948
Wheeling & Lake. Erie RR 4s
105%
1051/4
:
.v.
:
104 Vi
7„
..■
103
103
r.
103%
10
1031/b 103%
*105%
4
A5s assented
Westai'n Union
West-Shore 1st 4s
;
60..,/
•
102%
102%
*':■
104% 105
104%
>•
111
1101/4
'
60
60
F-A
j-D
»-
,V
:
25-year gold 5s
;
7%. 30-year 5s
:
Westinghouse El .& Mfg 2V8s
,102%
96
15
104% 105
111%
102 Va
101%
102% 102%
J-J
17. f. Funding & real estate 4%s._.^.1950 i.-
99%
92%
76
102
80%
13%
,•142,
80%
:
98
102
Maryland 1st 4s^_.
1st & ref ^5 Vis-series A
i
110%
J09% 110%
80
103
102
-*102% 102%
J-D
M-S
1966 i.;/ J-J
1952 *'4 A-O
1977 i.v J-J;..
1946
v M-S
tAWestern Pacific 1st 5s ser A
,96%
■ti
801/4
103
101 % 102%
*101% 102%
Apr
> Apr
M-S
F-A
; : A-O
A-O
,
..1963
mtge 3%s series I
1st
t
•V
,
101 % 102%
;
•
.
<
gtd_^—1950
1967
Western
■■y.
103%
911/2.
mtge 3%s_^
Gen
;
West Penn Power 1st 5s E
,80%
.77
A-0
A-O
A-0
J-J
J-J
J-D
*
98%
95'/2
II01/4
*
*101% 103%
1948
Q-M
1945 % F-A
1945 -7 F-A
fty 1st 40-year guaranteed 4s__
97%
95
*101%
M-S
;
Washington Central Ry 1st 4s
Washington Term 1st gtd-3%s
>
105% .1071/2
8.
107% 107'/2
76
101%
101% 101%
*101
A-O
*
1966
^
105%
4
1071/2 1071/2
102%
106%
*101%
F-A
J-J
...1958
5s
cons
'V t 1st mtge 4s series A
.1971
V
;
AGen mtge 4s inc series A
1981
/;
t
AGen,mtge inc 4Vis ser B
1991
JAWabash Ry ref & gen 5%s A
1973
ARef gen-5s series B
——1976
-y/y ARef & gen 4%s series C
1978
;
ARef & gen 5s series D
1980
Walworth Co 1st mtge 4s—
1955
€■ Warren RR 1st ref gtd gold 3MiS—2000
100%
100%
>106% 1061/2
79%
*101% 102%
F-A
M-N
M-S
M-8
Wabash RR Co—
.
♦,/
10
..
97%
101% 102%
102%
*101
W
>:
~6
103% 103%
;
102%
*100%
M-N
43."/
100
41
1041/2
*123
1st
49
55
541/2
107
102%
101%
48
102% 102%
A-O
3%s_.1972
2003
Virginian Ry 3%s series A
60.
noo% 102
104 Vi
100%
41%
7
:
1
Vi 100%
541/2
110%
106%
102%
M-N
,
,
31
v
f-'.
42
104 »/e
Va & Southwest 1st gtd 5s
69
21% V 32%
29%
40%
39%
M-S
M-S
M-N
M-N
"
1951
4%s w w
Virginia Pub Serv 1st mtge
68%
43
> 128
31%
29
40%
*38
Vi
424
29 3 a
A-O
J-J
J-J
J-J
..1950 ;
—1955 </
Term 1st 4s
:
103%
109
101% 101%
M-N
M-N
A...1955
Cons s f 4s series B
.1957 '
Va Elec & Pwr 3%s series B_
.1968 ;
Va Iron Coal & Coke 1st gold 5S..1949
105
126
I''3
67
301/4
—
■
66%
65%
66 V'8
104%
102%
*106% 107
M-N
M-N
M-N
M-N
M-N
M-N
M-N
Vandalla RR cons g 4s series
1031/2
102
126 Vi
7;v;
102%
17
Y
38%
i
5
10
'
Nov 1 1954
May 1 1955
2.65s
31%
*126% 128
-Vi-
J-D
-1977
1968
1909
1981
103% 103%
109% 109%
921/4
301/2
102 Va 102%
■,
.
75
•221/2
i
25
,
19%
103% 103%
.
v
;_May 1 1954
United Stockyards
83Vi
107% 107%
107%
501/4
92%
Nov
;
...
—
2.60s
102%'
97
72
J-J
Lines) A.
Stamped
—
Southern Ry 1st cons gold
Devel & gen 4s series A
Devel & gen 6s—
37%'
2.55s
30
J-J
J-J
F-A
A-O
F-A
J-J
A-0
A-0
,
—1979
Gold 4Vis
South Pac RR
2.50s
92%
F-A
Aug 1949
1949
Pacific Co—
(Cent Pac coll)
4s registered
San Fran
37%
70%
——
debentures
1st 4Vis (Oregon
28 Vi
3
M-S
F-A
series B
108%
1 1953
1 1953
36
---
1933
-1935
107%
:
1 1952
May
78%
Southern
4s
Nov
2.45s
102%
M-S
certificates.,
1935
Shell Union Oil 2Vis debs
1954
2%s sinking fund debentures—1961
f§ ASilesian-Am Corp coll tr 7s
1941
Simmons Co debentures 4s
——1952
Skelly Oil 3s debentures
1950
Socony-Vacuum Oil 3s debs
1964
South & Nor Ala RR gtd 5s
1963
South Bell Tel & Tel 3%s
1962
3s
2.40s
481/2
78%
,46%
A-O
A-0
A-U
ACertificates
A 6s
49'/4
72%
F-A
A-0
M-S
M-N
21
•
>
May 1 1952
——
36 Vi
,
J-J
1945
of deposit
t§AAtl & Birm 1st gtd 4s
lASeaboard All Fla 6s A ctfs
r
1
571
361/a
102
*
——
6s series A
cons
44
104
May 1 1949
36%
78%
102%
J-J
J-J
J-J
J-D
—1950
1959
deposit
of
32%
102%
—Nov 1 1949May 1 1950
...NOV 1 1950
—
2.35s
105%
*103% 103%
19
'•„"• A-o
A-C
F-A
1
5
:y'4
47
35%
M-N
/
—
2.20s
:
103%
Corp—
2.10s
:
45
17
47%
35
35
2.05s
139
3P
43
47
;■/ 33
66
4s
ACertificates
94
—
-
1950
stamped
gold
§ A 4s
5 A Refunding
99
661
43%
42%
M-ts
1971
1952
1989
Depot 3Vis B
Paul Union
Schenley
97V4
States Steel
Serial debentures
2.15s
>747
---
1st
St
47
J-J
o
}St
42%
---
1950,,,
of deposit
——
series B
1950
ACertificates of deposit
ACons M 4Vis series A
—.1978
ACertificates of deposit stpd
lien 5s
United
91%
89 Vi
42%
99'/2
98
81
94
112
105% 105%
J-J
A-O
LI-H
J-D
1952
1958
Cigar-Whelan Stores 5s
95V4
•
:
1955
6
97%
93%
42%
.
^certificates
A Prior
mtge 3%s series A—...
2
91;
97%
93%
■
4s ser A
lien
A Prior
91
>■
J-J
M-S
J-J
1959
1955
Ref
64
95
•
gtd 5s—194b
5s
111
11
111% 111%
105%
1947
1970
1971
1980
grant 4s
United Drug 3 Vis debs—
39
99%
107%
111%
v
United Biscuit 3%s debs
98%
98%
1967
35-year 3%s deb
63
106%
107% 107%
A-O
F-A
J-J
»
•
34-year 3Vis deb
66
-
United
M-N
of deposit—
Certificates
tASt L Peor & N W 1st
St L Pub Serv 1st mtge
106
<
62 Vi
.
1933
stamped
gist 4s
-
«
106%
106
*65
1444 ■:
Gull Division
&
River
J-J
land
105 Vi
4
:
*66J/z
,
.
103
,116%
M-N
,.
1959
f
RR—
Pacific
&
v
1945
5s
debentures
1st
*106
;
(Chic)
t§AU»lon Elec Ry
Unien Oil of Calif 3s deb.
105% 105%
A-O
J-J
Ltd 1st M 4%s
Island 1st 4s
Adir 1st gold 5s
& Grand
101%
103
■
High
Low.
No.
U
11%. •13ya
78
13
Union Electric Co Of Mo 3%8
109%
3
53
■••:7
109% 109%
47%
467/a
103
January 1
Sold
High
Low
M-ii
J-J.
1953
3s
St Jos
V
Range since
Bonds
Friday's
or
,
103
> J-D
Ham & Buff 1st
Tri-Cont Corp 5s conv deb A
111% UlVi
Mi
--
Union
Saguenav Pwr
Last
Sale Price Bid & Asked
.
Trenton
& Elec Corp—
4 Vis series D—
3J/48 series
mtge
Period
High
Low
No.
High
Low
Gas
mtge
Gen
.Interest
,
10
'
Toronto
Rochester
March
Ended
Week
January 1
Sold
;
,
"
Week's Range
Friday
r;;bonds
;*v
New York. Stock Exchange
105%
Jan
Allegheny Ludlum Steel—
7% preferred
Alles
.7.7';' "
'
,100
& Fisher Inc common—.
__
-
Allied Intl Investing $3
Allied
.
Products
Class
A
conv
pfd
conv
1
6%
preferred.
Goods
;
Mfg
...
:
Aluminum Industries common
Aluminium Ltd common
>' 6%
preferred
100
;
Jan
300
22%
Feb
25
Jan
100
27
Jan
28
27
27
27%
28%
8%
24%
■28%
Aluminum Co new common—.
Aluminum
11
24%
'
_25
common
Jan
23
•
:io
(Mich)—.
110%
■
110% 112
4,500
1,200
27% Mar
109%
18%
•
•
Feb
Feb
9 % Mar
1—•
77
100
100
77%
102
1*0
100
73%
100
Jan
Mar
30%
Feb
Jan
112
Mar
19
Jan
10 Vi
Jan
84
Jan
102%
Feb
Volume
Number
159
THE COMMERCIAL & FINANCIAL CHRONICLE
4263
NEW YORK CURB
'• •»'
STOCKS—
York
New
Week
Curb
•
Friday
\
Exchange
March
Ended
■'
,'.'AA■
American
Central
-American
Cities
Convertible
Class
Mfg
class
1
-
&
Power
A
25
A
&
—
Fork
American
Gas
&
Hoe
Jan
100
5%
Jan
Participating
Mar
31
7%
Canadian
Feb
1,150
38'A
Jan
35%
Jan
40"%
1%
Feb
A.
100
38%
Feb
•
16%
16 %
16 V2
27%
27
5,300
*
-
1
5,200
41%
7%
Jan
Par
15%
Jan
16'A
Jan
28%
Jan
5 %
Jan
34%
Jan
Range since January 1
Low
—,...25
Alcohol—
non
21
4%'
•
voting
4%
Products
Co
class
A
Feb
•
8,900
1%
75
12%
8%
100
x23
*8%
48
47%
48
4%%
$2
preferred
$2.50
100
General
convertible
Corp
preferred
convertible
American
6%
6
1
.
preferred
\
I
American Hard Rubber Co
,25
.
preferred
American
Mfg
—
common,..
/
—
41%
Carolina Power & Light $7 preferred..*
$6
preferred
•
109% Mar
Mar
6
36%
Jan
43%
Carrier
Feb
Carter
Jan
.
150
15
Jan
16%
Casco
"Feb
27% Feb
Castle
(A M)
17%
16%
Feb
18%
Catalin
Corp
Central
Hudson
Central
New
Central
Ohio
Central
Power
Central
&
17,
100
26
Mar
26
26'A
Feb
Jan
Ameria#*
Dhawttaibo Co
Ai»ari#aM M«i*r #o__
Amortlfca
Pst»*h
American
Republics
Seal-Kap
American
American
1st
—1
$6
Jan
35%
Jan
43
Feb
90
Feb
91
Feb
American
Thread
American
Writing
Anchor
Post
5%
Paper
:
A
3%
•
5%
—
—•
pfd
—
•
—
preferred—.
!—
•
Associated
Electric
v
Jan
J an
105%
Jan
14
2,900
25
Jan
•
2,800
4%
500
18%
4%
Jan
Jan
'A
16%
Jan
3%
3
Jan
13
Jan
100
18%
Feb
V120
106%
Feb
3'A
Jan
3%
Jan
10%
200
9%
Jan
10% Mar
10
97%
Jan
106%
Jan
xl02
xl02
8%
600
8%
Feb
9
300
7%
Jan
9%
1,600
5%
Jan
6%
American
dep rects reg..
_.£1
Associated Laundries of America
*
*
Atlanta
Birm
Atlantic
&
Coast
fir
Atlas
Drop Forge
10%
...50,
5
common.
Automatic
Voting
(BFI
11'A
41%
1,700
7%
7%
100
1%
2
7
7
—
'~%Z
*
Products.—
Automatic
10%
■ 41%
—
1
;
1%
Jan
5%
Jan
6% preferred
——1
.—,.25
Ayrshire Patoka Collieries——1
2
Feb
200
3%
Feb
4%
Jan
:/5%
9%
100
9
500
21%
10"
22
'
100
"
10
400
9 %
Jan
A
3%
Purchase
Baldwin
Rubber
Barlow
&
Baumann
(L)
Mfg—
A
Jan
Jan
24%
Feb
17% Mar
102% 107%
3,400
92'A
Jan
*
1
!.
Aircraft
Benson
&
Fire
Patent
Arms
Commonwealth &
Blauner's
Bliss
7%
t
extended
c
Gas &
1946
to
-•
Blumenthal
Bohack
(S)
(H C)
7/o
15.
•
7% Mar
4%
-V
preferred series C
8%
12%
1
2%
Mar
Consolidated
Royalty
5%
Jan
Consolidated
Steel
7%
3Vi
Feb
7%
3%
Jan
I Brill
Feb
130%
Jan
Feb
34
35% Mar
37
Jan
7%
Jan
Cor;
Jan
1%
Jan
13
$6
14%
Feb
Cosden
Brillo
class
Jan
7%
Jan
5%
75
.'
Am
dep
rets
Class B
Jan
13% Mar
Croft
9%
10%
2,500
7%
Feb
10% Mar
(EL)
1st
$5
Burco
24
Mar
100
.
"%
$3
17%
4,200
,
(F A)
International A
Jan
26% Mar
Crown
Jan
11%
Jan
% Mar
Jan
17 % Mar
■
Jan
1,400
3
Jan
"3%
Jan
Curtis
Lighting
Inc
Feb
Curtis
Mfg Co
11%
11%
600
3%
10,100
1
Jan
21%
fiv
Jan
9%
Jan
101
*
9.'A
8%
•
1%
102
9%
2,000
102
14
14
.
Jan
6% Feb
1% Feb
100
1%
101
•
175
81%
.100
12%
Jan
Jan
3 % Mar
18
Feb
22
13%
105
20
£1
15'A
10%
Jan
Feb
Mar
14
18%
Jan
3%
~3%
3%
7-
trust
&
Jan
4% Mar
3%
400
3%
Feb
3%
Jan
200
14%
Feb
15%
20%
23
Jan
23
9,600
17%
Jan
23%
Feb
78
a
15
78
80
77%
Jan
79
Feb
.2,300
1%
Jan
2
A2 -A,
2%
2%
Feb
22%
•
Feb
~9%
Feb
•
A
9
"9%
~9
1,300
Jan
25
17%
101%
A
9%
17
17%'
American
Calamba
Canada
For
Fire
Corp
Insurance
Cement Co
footnotes
1,100
63%
Feb
10
113%
Feb
116'A
Jan
20
105
Feb
108%
Jan
Jan
6
Feb
Jan
"35
Jan
Jan
7
Jan
114%
Jan
106% 106%
4
4%
2,900
5%
32
100
34
Jan
6%
5
Feb
68% Mar
1
3%
10%
11
2%
2
22%
21%
23%
8
24%
24%
500
*
1
24
Jan
26
Mar
18
17;.
18
600
15%
Jan.
18
Mar
35
preferred
;; 35
35
35 A
110
33'/a
Jan
36
Mar
6'A Mar
7
3%
4% Mar
1
5
—
debenture—!
100
19,
6%
6%
4%
17
200
4
v
2,300
A,
72
77
~6%
77
7
~7 %
75
77
77
19%
5%
19%
9%
Gray Iron Foundry
Detroit Mich Stove Co common.
Detroit Steel Products
Detroit
De Vilbiss Co
Feb
79%
Feb
13
Feb
Jan
Jan
19
100
Feb
7%
Jan
12"%
19%
Am
Co
"
l%
20%
Feb
Jan
a
41
4.
Jan
23
13%
Jan
20%
Jan
22% Mar
22
Jan
23
Jan
Feb
10%
Feb
113%
Mar
13% Mar
Feb
14
23
13%
3'A
500
22%
10
—
...
225
...—
Corporation
Dobeskmun
97%
Feb
104%
Jan
400
9%
Jan
12
Jan
31%
Feb
31%
Jan
Dominiea Steel & Coal B
1%
Feb
1%
Jan
Domiaion Tar & Chemical Ltd
3%
Feb
4
Jan
Draper
5
Jan
5%
Jan
Driver Harris Co
14
£1
—1
—_
Domestic Industries class A com
1
—
Dominie* Bridge Co Ltd
6%
A",
'
*
5%
Feb
~6%
Feb
Jan
9,400
/v
•
50o
1! Jan
%
Jan
Jan
1
% Mar
Feb
6% Mar
Jan
5%
500
v-A;A.
Jan
10%
6%
6.%
-'Pr-P
1
13%
Feb
*
Co
common
.
*6%
.
6%
100
.25
,
•
-
'.1
Jan
2,500
21%
'
4 %
,10%
4
.
:■?.
Ltd—
dep rets ord reg
Jan
8.400
334
10
•
17%
'
1%
3%
%
—
10
common
400
3%
1
1
10
common
preferred
7%
Diamond Shop
Jan
9%
3%
..
120
Jan
73
60
—
20
Jan
Mar
77
Jan
113
2,200
Jan
Jan
65
30
A
A
—
preferred
:
4%
50
;
15%
100% 102
*
*
Duro Test Corp
Duval
Texas
B
common
Sulphur
28%
"5
100
"5
—
common..—*
1
*
5
;
50
—
7'A
Feb
Feb
3%
72
26%
Feb
29%
Jan
Feb
77
Jan
Mar
600
9%
,
Fel#
100
3%
.
6%
•
67
74
72
28%
—
•
Hosiery class
70
72
10
Corp
6% Mar
9%
100
•
1
...
7'A
7%
100
6%
Feb
;_io
6%
7%
11,200
5%
Jan
7% Mar
5%
5%
1,700
4%
Jan
6%
™I_i
Assn..Z~~5
:
Ltd'6.%% pfd—100
see
300
68%
__£1
Estate
Electrio Power
Tungsten
Camden
pfd
Sugar
California
Callite
dep rets 5%
•
~4%
"114
.6
8,800
50o
1
.
4%
Derby Oil & Refining Corp com
•
A convertible preferred
•
Detroit Gasket & Mfg—————1
Divco
,
1%
certificates—
Jan
2
!
(Mo)...
Dejay Stores
Dennison Mfg class A common
Distillers
"9%
*
Wireless—
Feb
1% Mar
33%
•
Duke Power Co
Voting
11%
Jan
66%
114
5
convertible
A
Durham
Cables
Jan
% Mar
33%
2.50
Petroleum common
Davenport Hosiery Mills
Dayton Rubber Mfg—
8%
15
*
Cable Electric Products common
1,700
•
*
25o
9%
1,150
1%
4
common
Darby
$6 prior
*
common
11%
Feb
1%
111
Jan
10s
'
Feb
Feb
Feb
12%«j
Feb
:;Jan
:
£1
Corp
Feb
%
Jan
•
10
—
Class
•
preferred
22'A
300
10%
25c
25
preferred—
Crystal Oil Refining common.
$6 preferred..
convertible
"fy
3%
•
a7a
Feb
Jan
200
%
%
•
Crown Drug Co common
%
6%
7,000
3'A
2.50
11%
8
Sugar
Corp Am dep rets
Biscuit
Butler
Cork
(Md)
common
100
Sullivan
&
Petrol
Atlantic
preferred
Burrv
Cent
Crown
10%
"
Co common
Hill
Inc
Burma
100
Jan
Tobacco
common
Jan
20%
200
20%
%.
*
Cuban
Mills Ltd
67% Mar
•
•
1
Cuban
!
46%
Jan
reg)..£l
Co
Feb
Buckeye Pipe Line
Bunker
80
Brewing
6%
prior preferred
Jan
56%
-V: A V;v AA.
Liquidating Co
Feb
Buffalo Niagara & East Power-r$1.60
preferred—
r
26
240
;
v
;
Bruck Silk
f :
100
W
12%
1
42
750
1,390
1
Crowley Milner & Co
-
C
20%
reg
44
3
10%
•
Jan
reg
Ltd—
Brown Ruboer Co
■
,
dep receipts (ord
Jan
,
Jan
BO
Petroleum
Creole
9%
Forman Distillers
Bruce
American
Jan
18%
Brown Fence & Wire common—.
.■
Class A preferred
:!
Mar
700
*
Tobacco—
rets ord
':i Courtaulds Ltd—
2% Mar
8
15%
900
British Columbia Power class A
$5
Jan
A 1,400
ord
Celanese
Amer dep
Brown
Feb
Feb
1%
19%
Co
Jan
3
*
11%
dep rects ord bearer...
Am
;
Oil
American
British
6%
12%
•
British American
9%
Jan
2% Mar
1
common...
13%
2%.
:
Feb
7
700
2,100
10
preferred
11%
A—
British
v
1,500
v
Petroleum
convertible
19%
!
20%
34%
& Reynolds
preferred A
12%
♦
A
6%
/on
1
B
Class
6%
4,100
a A
2%
12
1
preferred
Mfg Co common
Feb
4% Mar
Coro Inc d
A
Jan
%
100
Corp
Class
Feb
10%
Copper Range
Cornucopia Gold Mines.
.•
Preferred
3%
Jan
100
Jan
47% Mar
...
Bridgeport Oil Co
Feb
Jan
3% Mar
Cook Paint & Varnish Co-
12%
—
a'a
A
Ltd—B
Continental Roll & Steel
..100
Bridgeport Gas Light Co
14
11
—;
Jan
26
Lgt & Pwr
Jan
1
Feb
•
Corp common
Brewster Aeronautical
13%
1,000
61.- 67%
nV •;••. &
;• '£'2.
•5%
Oil——
Co
43%
25
Breeze
Feb
7%
1
preferred
prior
.200
.....*
preferred
Brazilian Traction
Textile
Consol
% 7% Mar
47%
95
1st preferred—
2d
$5
11%
Jan
Corp.—
47
—.100
..
Jan
%
100
:•
...
Feb
37%
200
27/a
•42%-
.——.100
preferred
•
common..,
43
67%
•
Stores
•
Inc
5%
Feb
Jan
'
T__100
Utilities
Jan
1,900
7% :A/8'.a'A
1
Borne,Scrymser Co—.
Jan
100
7%
1
33%
_•
7%. 1st preferred—
Bowman-Biltmore
Co
14%
v.V.700
Co common
%
36'A
3%
2%
^V.;.
•
common.
series B preferred...;
23
100
.
.
~
A Bourjois
Biscuit
Consol G E L P Bait
127%
36%
35%
7
& Co
Jan
25
•
2%
viYiA'
— .
Mar
1,900
Ar4% *5%
:A'
1
Coke Secur common
Jan
100
common—jl.
9
22%
.
V
Conn
Feb
l'A ~3%
14
common
(E W)
>
1
14%
.14. !
Ridge Carp common
;
$3 optional convertible preferred
Jan
Jan
1,600
V
13
3%
■
Feb
7
10
25
Retail
1
Blue
3 %
Feb
Jan
18
300
19%
4
warrants-
Consolidated
Fdy it Mach Co-com..•
^Birdshoro Steel
.
Southern
22%
.1
common
1
Community Public Service.
Community Water Service
Compo Shoe Machinery—
'
Blckfords Inc
m
19%
19%
25
3'A 1 Feb
14% -14%
•
Berkey & Gay Furniture..!.;
7%
100
Mining & Smelt
•
preferred,.-..:
Feb
6%
Mar
Electric—
Consolidated
.—....100
Hedges common..!
Convertible
99%
A
preference
Jan
20
1
Bell -Tel of Canada..—..;
a
7%
10
common
Feb
10% Mar
Continental Gas & Electric Co—
;i
common....
98
1
7%
Jan
10
warrants
Jan
Jan
98%
98%
5%
Jan
2%
102
ordinary
2
6%
103
Jan
•
Airlines
Gas
•
Jan
99%
•
Consolidated
4% Jan
Jan
85%
50
100
Co
common
Feb
'>«^ 700
8%
30
13
5%
100
——
;$1.50 convertible preferred.—
Bellanca
5%
700
101%
13
Corp
Columbia Gas &
23% Mar
15
10%
101
_•
Jan
Mar
100% 101%
10
common
Utensil
109
*
♦
40%
f/-Feb
9%
% Mar
•
preferred
1
Development
Feb
JA
*
Co
Feb
8%
13%
12%
Coal
Jan
17%
Jan
13
6%
Feb
91% Mar
425
Feb
150
Jan
101
1,000
6%
5
Jan
38,200
6Va
5
common
%
•
Jan
'iftH tv
.97
14%
17%
39'A
12,300
%
%
Colt's
Feb
,i:•,>%>%-
Ties..—
Mills Inc
Beauni:
Feb
Jan
22%
150
1
common...——
Brummel
20 %
1
—
1st preferred—
7%
Beau
4,900
Jan
13%
16 %
46,600
!
Basic Refractories Inc..
;V
23%
30
common
convertible
$1.20
;
common
Steel
Seelig
'
-
Co
Stainless
Barium
\
21%
Jan
8
150
37%
4%%
preferred—:—
7%
23%
Jan
8%
Jan
100
8
u
1
for
warrants
...•
—
Baldwin Locomotive—
7
Jan
200
37%
12%
Consolidated
Babcock & Wilcox Co..
Feb
7%
21%''
% $3 preferred
;
'A'-"
1
Co
Plow
Feb
% Mar
6
100
101
"7%
10
;
Aluminum
Jan
Mar
...—..100
$7
Colorado Fuel & Iron
Jan
10%
Jan
114
i
i
L
&
P
101
%
Jan
23
%
2,400
14%
37%
Colon
Jan
5%
Feb
82
14%
•
Colonial
Feb
8% Feb
21 % Feb
3"%
12%
112'A
"
Feb
10%
9%
4
Cockshutt
Jan
8
9%
98%
7%
4
1
Controller
Clinchfield
Jan
3,600
•
8%
22
10
.A:.
A.
Service
Jan
Feb
Jan
Jan
5
preferred
Club
Feb
8
7%
Cleveland Tractor
Feb
42
Jan
1,200
5%
9
Jan
7%
5,800
3%
;
•
5
31
•
6%<
Neon Lights Inc
Clayton & Lambert Mfg
Cleveland Electric
Illuminating.;
Feb
12%
Jan
8%
Jan
8%
97
Jan
Jan
4%
200
%
.
7%
5
Claude
Feb
80
%
12%
21
50
114
A,
Jan
Jan
100
6%
Mining
Feb
Jan
8% Mar
.3% Mar
220
Jan
Feb
15%
10
200
9%
Co..5
preferred B
Clark
U Feb
Jan
8%
200
7'A
11%
10%
11 %
,
Machine
& Sons common
Jan
75
Plywood Corp..—__—l
Avery
%
7%
50c
City Auto Stamping
City & Suburban Homes
—A,
\%
Line Co——.,
Rayon. Corp....;
Jan
%
i"i
•
AAtlas Corp warrants.—
Atlas
6%
RR Co pfd—100
Fisheries..1
Atlantic Coast
Atlantic
Coast
-7%
114
8%
98
1
preferred BB
$6
Feb
7%
pfd——100
preferred
$6
Jan
6%
$6
Cities
Jan
9Va
6
6%
8%
9
__
8%
.9%
Weather Strip
Consolidated
60c
4% Mar
10%
.
4% Mar
8,700
100
97%
Co
111
Jan
8% Mar
5.500
1
Utilities
116
Jan
21
25
109% Mar
2,900
4'A
Light 7%
Metal
11
"4
pfd—100
5 %
Childs Co preferred
Cities Service common
Jan
Jan
A'rcrai't
11
1%
♦
com
Products
West
100
Feb
48%
12%
10
Chief
5% Mar
2%
•A) 2%
3'A
—
Power
Steel
&
Elec
Chesebrough Mfg
Chicago Flexible Shaft Co
Chicago Rivet & Mach
Jan
Jan
York
&
8-%
Jan
8% Mar
Jan
114% Mar
3,700
8%
1
Corp common
Cherry-Burrell common...
Jan
Jan
3%
1,700
111
Gas
Jan
Feb
13 JA
108%
15%
10
—
America
South
Chamberlin
Industries—
Associated Tel & Tel class A——.—
.
•jj
Co
10
14%
•
&
of
Charis
Breweries of Canada.
Associated
Jan
4
__
r
%
3%
xl02
Art Metal Works common——...—.5
Ashland Oil & Refining Co
1
Feb
225
V; 108% 109%
„
Arkansas Power & Light $7 preferred.*
Aro Equipment Corp new
2.50
Feb
4%
Cessna
Jan
13'%
Jan
3%-
.
3%
—..—10
45%
Jan
3%
5%
3'A
16%
„
100
non-voting
Feb
10%
4
i—
.
42%
18 %
4%
\A'-.
1
Mar
20,200
%,
3%
25
50
%
17%
Jan
Jan
100
107'A 108%
108'A
>
2
Arkansas Natural Gas common
.
"r
i78
22'A
1%
4,100
4
17%
common
1
Apex-Elec Mfg Co common
Appalachian Elec Pwr 4%%
6%
12%
4
5
preferred
Fence
class
45
12%
*
Angostura-Wupperman
Common
45
4
P1A Jan A
500
12%
•
1,600
l'A
25
•
$0 series preferred
— ,
45
*
—...
°
—.
25
2
Superpower Corp common
preferred
■
1
■AaA
10
common
"
;
1
*
Chemical
&
—
.
114% 114'A
15%
1
com——.
Products.
25%
——
■'
Co
200
26
—
————100
——
W)
(J
114%
1
common
5,600
1
Preferred
Corp
27%. 27%
,
100
.
275
1,100
--
27%
17%
25
Co
,.;
—"
15%
15%
--
Laundry Mach——
20
Light & Trac common—25
American
xl08% 109%
5'/a6
--
10c
common
% Mar
2
J
Feb
7%
A 47
80
4
Feb
144
'
American
Jan
4%
Jan
13%
•
common
Class B
Co
144
"2
1%
&
21
4% Mar
[ppx "
100
13%
Carnation
4%
•
Ltd—
*
City
Hi**
Jan
*
preferred
Carman
Jan
107r
Shares
High
1
Jan
26%
Low
Capital
1% Mar
110
■-
for Week
of Prices
Canadian Marconi
Feb
6,000
27%
Sales
Range
Sale Price
voting
Canadian Industries
Feb
2% Mar
'45
Feb
37% Mar
preference
Industrial
A
Class B
44'A Mar
350
2,900
44 %
•
Week's
Last
10
■
Class
10
common
Electric
&
,
38%
1%
10
Foreign Power warrants—
American
28%
Friday
Exchange
March
Canadian Car & Foundry Ltd—
2% Mar
40%
41
2%
V--.
10
;
non-voting—,
American
190
7
40 'A
1
class
31
Curb
Ended
High
Jan
i;:A 2 %
2%
39% 39%
37% x40%
1%
IV4
--
25
Cyanamid
1%
York
Week
AAa;:,%;vAA
_
Class B
2,200
7
—
^ight—
A
Class B
American
—
.
Range since January 1
Low
2% V
1%
30 %:
2V\
New
Shares
High
Low
Par
American Beverage common
;
__1
American Book CO—_u—100
STOCKS
for Week
Range
of Prices
Sale Price
EXCHANGE
Sales
Week's
Last
.
10
1061
page
1065.
7'A
Feb
Jan
East
Gas & Fuel Assoc
4%%
6%
Eastern
common.
prior preferred
Malleable
•
2%
100
Iron
—
—
100
preferred
39
25
—
2
2%
.
5,500
64%
70
500
37%
40
1,425
„
—
1% Feb
Jan
Jan
24% Jan
56'A
32%
2% Mar
70
40
28
Mar
Mai
Mar
Monday, March 13, 1944
CHRONICLE
COMMERCIAL & FINANCIAL
THE
1062
EXCHANGE
NEW YORK CURB
Last
Curb Exchange
York
New
Range
for Week
of Prices
Shares
Sale Price
March 10
Week Ended
Salea
$6
Light 2d pfd A
Power &
Electric
33%
Jan
47%
93%
93
62
93
Mar
88%
Jan
95
Feb
2,900
47
Jan
65% Mar
Y'
900
:
31%
15
--4
National Watch Co
Electric Mfg-—---
31%
9%
9%
"9%
Power
Derrick &
Emsco
Feb
Jan
f-'i 9%
1 ¥# Mar
1%
675
317/* Jan
convertible preferred
Inc
Eureka Pipe Line common
Eversharp Inc common
$3
Esquire
36
34
36
50
23
19%
22%
1
Feb
31%
Feb
18% Feb
3,200
'
Jan
Products—
—10
International Safety Razor B—
*
International Utility class A—;
*
B
preferred—
$3.50 prior preferred——
Interstate Home Equipment—
Interstate Hosiery Mills
—
Brewing
Falstaff
Metallurgical
Fansteel
Mfg Co
Fedders
Association (Phlla)
Ford Motor Co Ltd—
Am dep rets ord reg_,
B voting——
Class
62%
Jan
14% Mar
1,700
14%
Feb
16%
Jan
6%
6%
200
5% 'Jan
>7%
Feb
1
62%
■
.
.
Y
62%
■
m
(Peter)
Franklin Co Distilling
Froedtert Grain Bi Malt
stock
convertible preferred
$3
4%
400
4% Jan
1,200
19%
Feb
20%
21%
200
19%
Jan
21% Mar
;
2%
Jan
Jan
45
Mar
45
Mar
3
Feb
4
Co———
Jeannette Glass Co—
Jan
16% Feb
150
45
18
Jan
400
.3%
3%
IS
17
17
100
:
5,900
14%
14% Mar
10% Jan
14%
11%
37%
43
160
37
Feb
43
43
59%
64%
890
58
Jan
—100
.
*
100
Power Co common
w
Water Gas &
(A C)
Preferred
Co
Gilchrist
300
-Y;
<"■
''
'■ '
$7 preferred
Goldfield Consolidated
40%
40
40%
10
10 y4
class A
Gorham Inc
preferred
S3
Mfg
Rapids Varnish
Grand
Mfg
Gray
common
Co
Si Pacific Tea—
Atlantic
Great
Gulf
-
pfd
Jan
81 ¥2
Mar
8%
Jan
11
Mar
46
.
Jan
Jan
112%
''
.105 >/2
Feb
11
Jan
14%
10 ¥2
Jan
Feb
..
Mar
Feb
Feb
3.5 ¥»
7
133 %
133 Vz
Jan
Feb
56
Jan
68
Feb
Feb
32
Jan
Jan
7
Mar
Jan
132
•
•
V,
*'•'
•—Yi>V:
Jan
33%
Jan
65/8
Feb
7%
Jan
3%
Feb
4¥a
Feb
109
Jan
111%
Jan
111%
Jan
112% Mar
'
At:
'■
*; :
;';Yj^~.';Y'Y Y
.
Mar
136
Jan
29%
'
Y
Mai-
90
Jan
84
Feb
11%
700
7; ;,;Y;
-,\£u
%
"67s
300
33
6%
Jan
Jan
50
134%
31%
33
Jan
104
Jan
275
90
88 %
90
Jan
10%
Feb
4%
2,900
103/4
10%
40% Mar
Jan
7
450
200
y.
..
Yf
Co
Bridge
Stores
Kobacker
i
Hamilton
Hammermili
Co
Ltd—
Paper
Hartford
Rayon
Brewing
Harvard
ctfs
voting trust
Co
Hearn
6%
Hec»a
Rubinstein.
Class A
Henry Holt
•
5
& Co participating A
Rubber common
Hewitt
2.50
10
Heyden Chemical common
Hoe (R) & Co class A—
...8
•
Consolidated G M
Hollinger
Holophane
Co
common-
■Y 200
900
,
22
3,600
50
70
.6%
Horn
(Geo A) & Co common
(A C) Co common
Horn
& Hardart
17%
Feb
1,300
7%
Jan
'1%
200
%
Jan
8% Mar
1% Feb
3% Jan
••
2%,
...
1,600
Y 3
Feb
9,100
3%:
6%
2%:
6%
5
Jan
2%
Jan
2% Mar
87%
Feb
92% Mar
700.
92%
25
..Y103
18%
50
10%
600
h
350
•
Horn.
5%
Si
y
Lane Bryant 7%
Y;
:>
•'•'•*
Hussmann
Ligonier
Huyler's common
Corp
;
common
5
Jan
Mangel
19% Mar
22
Mar
Jan
50
Mar
Jan
47
$5
Y
--Y
•
5 %
conv
Dividend
arrear
Feb
Mapes
Feb
Marconi
5%
Jan
6
Mar
Jan
30
Jan
Margay Oil
Jan
Marion
Jan
Mass Utilities
Feb
Massey
6
600
30
30
300
4
4
100
57/e
6
28
3%
1,900
200
13%
14
12%
12%
27
27
50
Jan
6%
Jan
66
55
Feb
Feb
3
Jan
1,600
4¥8
Jan
5% Mar
:Y
P-y.
;•
For
I—I—I
footnotes
see
page
1065.
%
Jan
%
Jan
Jan
'
15% Feb
;
16
Mar
12
Mar
12
100
8%
Feb
9
Mar
16,'
Jan
20
Jan
100%
Jan
105
Feb
Feb
95
Feb
12 ¥2
Feb
13
Y Mar
Y.YY; 7%
Jan
•Y,
400
9
■
■
"^•Yr ';
70
104%
t'j.
13
100
200
8 ¥4
8 ¥4
47 ¥4
12%
■
7Q0.
■•■•■
■' ■'
I
30
Y| ■'' ;.Y
-,Y
Mar
4
Mar
Feb
30
Mar
i»
Jan
1%
Jan
300
27 ¥2
Jan
29%
Jan
11 ¥8
300
10%
Jan
11% Mar
Feb
11%
10%
22%
700
2
16 -
u
18%
Jan
850
16
Jan
6,900
8
Jan
8%
Feb
Jan
Feb
1%
600
51
Jan
67 %
Feb
49
Jan
61%
Feb
5,900
•
6i
"
7 >
6%
Feb
Jan
Feb
67. ¥4
yytyyyy
Feb
.
1,025
-\l
59%
Y
2
18 ¥4
5
65%
66
Y-
15
/
Y;
8 ¥2
8 ¥4
Jan
24% Mar
Feb
1%
150
24 34
15%
'
Feb
3
25
6,400
.2
¥2
Jan
5%
Feb
5%
Y
■
V
60
23
250
.,;v
8
12%' Feb
Jan
300
¥«
24%
16
Jan
28 ¥2
11%
-
Feb
110
Feb
9 ¥4
Y;Y"
•
%
28
2
1
'
--2%" "Feb——
105%
:
:
•
Jan
2%'Tan":
—W
—
Y
Jan
Jan
3
2%
400
."4 Y;
25
Feb
15
21
■
3
48%
Jan
v
ii'i,"- /•
•'
11 ¥2
¥4
Jan
12
Y
•
Y
■'
'
•'"
Feb
Y - -
4,200
•-
8%
37
400
13 ¥4
11
11%
-!
.
:Y.';yv!vY
46
:*
■
.
6¥«
4,000
.
111% < 111¥4, 111¥t
28 27 ¥2
YYY 30
150
14
.
K<
Feb
109%
Jan
Jan
Yi! 27
7% Jan
111% Mar
28
Jan
2
Jan
Chapman & Scott—
•
Feb
Mead Johnson & Co__
12%
16'/8
600
14%
14% Jan
21
300
20%
28%
29%
2,200
common—
10
Feb
22
Jan
30%
Feb
Merritt
9%
9%
2,200
14%
14%
15%
100
Jan
10%
Jan
14% Jan
15%
Jan
9%
Stores
Warrants
A
preferred.!
30
4%
200
3%
Jan
26%
525
25%
Jan
26%
26%
lliy4 1111/*
10
xl9%
250
19
36
Jan
33
34%
42%
43
5,500
Jan
111
18%
37%
Jan
4% Mat
..
26%
111%
Feb
19%
Jan
43
Jaii
Feb
Jan
Mar
5 Va
-
5%
4,300
4
Jan
5% Mar
7%
8%
400
6%
Jan
8% Mar
2%
3
22%
700
2%
Jan
3%
Feb
200
20 ¥2
Jan
22%
12
%
Jan
12%
Feb
33
Feb
600
26
Jan
Jan
7
Feb
Jan
1 % Mar
lit
iu
1,900
160
4%
Feb
8% Mar
10%
Jan
Jan
138
400
650
41
7
7%
1,700
6
1%
1%
100
99%': 99%
50
Jan
4% Mar
51% Mar
Feb
8
Jan
1%
1,000
1%
Feb
99% Mar
103%
Jan
1%
Jan
1%
Jan
2%
1%
iy2
Jan
2%
Jan
%
Jan
;Y
36
2%
2%
■5%
2%
5%'
—
%
%
'
6"%
__
7
7:•
7
7
10%
2%
10%
10
Jan
Jan
Jan
36
110
—'
-
Mar
150
Jan
3%
4%
—
Y
Jan
Jan
2%
51%
4
47%
7%
6%- Feb
y.
150
147
7 Y
;
99%"'
Y
9%
8%
?
51%
—
Feb
4%
111
Jan
300
2% Mar
3%
100
5
Jan
5%
u
4.800
6
Jan
400
5%
Jan
8
Jan
2,200
H
Mar
600
7&
7
10%
Jan
Feb
Feb
Feb
Jan
Mar
2% Mar
1%
Jan
9%
Jan
10%
9
Jan
X9% Mar
350
20
Jan
950
24%
Jan
1%
Jan
8%
Jan
•2%
2%
7,500
10%
10%
13,900
Jan
Jan
600
Jan
Feb
8,700
i%:;i%
—
>
•
•
—100
Messabi Iron Co.
<„
1
Metal Textile Corp..!
25c
Participating preferred—
15
Metropolitan Edison $6 preferred.
*
Michigan Bumper Corp new.
1
Michigan .Steel Tube.—
—2.50
Michigan Sugar Co..±
:
*
Preferred—------i
10
Micromatic Hone Corp
1
Middle States Petroleum class A 'v t c-1
Class B v t c_
_j_—
^_1
Middle West Corp common
—
5
Midland Oil Corp $2 cony preferred
•
6%%
"9%
i
Memphis Natural Gas common
1%
16 % Mar
Feb
Feb
24
Dredging
Mercantile
81.
1 :t
700
6%
1%
1%
...
37/a
9%
150 "
27%. Jan
7% Mar
Jan
19
-YY'.
5%
'
„-
Jan
Feb
Y*Y ;
•
Jan
12% Mar
—
•
•
•
5
*
Harris common.
McWilliams
Jan
5%
-
—
Yf
•
1
McCord Radiator & Mfg B„
Feb
1%
81
•
-
Association v t c
12%
26
.
• -YY--•'
Jan
20%
29%
Mar
500
7%
" 7%
33
*
Corp
11%
15 %
,
7%
2,300
2
1%
2
7% ;
-i •"
Com¬
Steam Shovel
14
50
22
11%
Midland Steel Products—
9
Co
5,400
4%
44%
46%
2,900
43%
13
13%
4,700
10%
11%
700
6%
6%
50
46%
11
'
9%
9%
Jan
7%
Feb
Jan
46% Mar
Jan
14%
Feb
11%
Jan
Feb
;
Abrasive
Midwest
Piping
Mid-West
Co
u
&
Refineries—
Mining & Mfg
:Y'
21% 21%
21%
•
*
1
Supply
*
Mining Corp of Canada.——
Minnesota
!Y Y -Y
'
•
25Vz
50
—
10 « ;
common.;..
Oil
i0%
Y."
'Y'Y,:
$2 non-cum dividend shares-^
Midvale
6%
*
•
•
Y-Y-'
,'w-i
-r"
-
-
*
Co Ltd
munication
Jan
12%
15%
44
Consolidated Mfg Co
International
Marine
10
9%
250
4%
Jan
41%
~7
7%
42%
ctfs—
Co
Feb
Jan
—244-. -.2 ¥9...
1
•
i
(The B) Co
1%
13
~ZZ~
preferred
Zinc
111% Feb
Jan
.12
"
-4
«
•
13 ¥4
warrants———
convertible preferred.
Manischewitz
Midwest
Illinois
Feb
2%
'
13
YY
13
8
—
Stores
Mid-West
Illinois Power Co common-——
Jan
111%
Feb
5 ¥4
•
104
104 ¥4
7%
3%
12
Feb
17%
56
8 ¥2
Y
preferred class A.
100
6% preferred class B
—100
Louisiana Land & Exploration
1
1
Louisiana Power & Light $6 pfd.
*
•
Jan
22
10%
Jan
45%
12
—y>
■Y
•
Long Island Lighting common-
Feb
19%
1
1
*
5
-
1st preferred
Hydro-Electric Securities—
Hygrade Food Products
124
Jan
9%
5,700
"'Y-l
—
1%
3
Jan
9%
18% Mar
27/a
■
class A—*
*
Lefcourt Realty common
1
Convertible preferred
_•
Leonard Oil Development
25
Le Tourneau (R G) Inc.
1
Line Material Co
5
Lionel Corp
-i——„—;——10
Lipton (Thos J) Inc 6% preferred
25
Lit Brothers common
—:
*•
Loblaw Groceterias Class A_
.*
Locke Steel Chain
5
Lone Star Gas Corp new common.—10
2%
*
5
•
Co
Mar
•
•
•
B
Class
4.600
8
Jan
103
*"*• Y/YY-'1
:
2¥«
5
Langendorf United Bakeries
3,300
100
Inc
Humble Oil & Refining
Hummel-Ross Fibre torp
96
Jan
Jan
i-Y; "Yr
~274
100
-1
preferred—:
Wells Co common
1%
4%
Hardart
Feb
r
.y:yY"~-
Y'**■*'Y
Lakey- Feundr-y- &- Maohine^--^^——4
Lam,son Corp of Delaware—.
5
3%
1
•
•
(Harvey)
Feb
121%
13 ¥2
100
1
Shore Mines Ltd—
1%
—*
preferred
Hubbell
7%
100
18.
25
'ly
10
—100
(N J)
RR
Lackawanna
3%
34%
Baking Co
Jan
Mar
20
1,075
8%
20
19
il
Manati Sugar optional
Jan
•
Inc
Hormel
%
% Mar
.
Horder's
Jan
7
Jan
25% Feb
12 V4 Jan'
Feb
X25
8"
1%
92
convertible 1st preferred-——100
(S H) special preferred——10
Kreuger Brewing Co
1
3%
*
2
25
—,
10%
18%
4%
.
1%
14
common
Preferred
1,200
49 %
.
-
Co
Heller
.
20%
21%
America B non-vot com—1
»
Dept Stores common
_5
preferred
,
50
Mining Co
25c
Helena
6%
6%
Corp
Hazeltine
Feb
102
Kress
Jan
5%
5
Hat Corp of
1
M
6%
25
1
1
Electric Light
Hartford
i :■
100
84 ¥»
Inc
preferred.
Koppers Co 6%
Lynch
1
*
10
Lamp
Feb
Mar
•'.10
H
Hall
Jan
Y 48
92%.
Feb
Y
30%
110
Y-
Jan
-:'v"
372 Mar
Feb
3%
Jan
Jan,
%
■
21%
18% Mar
200
Mar
2,600
31 ¥4
6%
-.Yf
•
& Alabastine
2% Mar
104
,
.
preferred
Gypsum Lime
68
31
10%
stock-
Utilities $5.50
States
$6
common
-
32
:Y
68
200
44
6%
10
1
*
Knott Corp common
5%
3
10
iV
31%
preferred
1st
7 %
r?-'
"
68
•
.—100
Great Northern Paper
25
Greenfield Tap & Die.
•
Grocery Stores Products common—25c
Non-voting
Kleinert
Jan
Feb
9
11
8
,
Feb
77% Mar
37%
-w.
..
Ltd
Emil) Co common
(I B) Rubber Co
(D
Mar
16%
13% Mar
300
Jan
400
"r';.
8'/a Mar
2
Feb
Jan
100
1%'
100
-—100
1
1
—1
*
7% pfd B—
117
Jan
10%
'
150
10
?-
pfd
Kirkland Lake G M Co
Klein
Lane
*
1
50
*
*
10
_1
Mines
Co
Mfg
Feb
90
9
4,000
•;
•
class A
"v.
Gorham
15
13%
mi
15
•'
Goodman
•
—
-1
*
B
Feb
Mar
8%
Jan
10%
700
14%
•
Godchaux Sugars
Class
L.
.
47'%
*
—100
A
5%
Lake
CO————r—l* "1
Coal—
Alden
l'/a
112
400
•
Gladding McBean &
Y
4
Jan
41%
■,;
10%.
14%
Jan
7%
1 %
2,700'
28
-—100
*
preferred D
Kingston Producta
Kirby Petroleum
100%
"
Glen
Y:
iV.Y'v 25
112% 112%
14%
Jan
19
Jan
*
Kings Co Lighting
75%
320
11
'
10%
19%
Kresge Dept Stores—
'
:
Jan
17% Jan
--
1
Key Co common—
Feb
13%
-•
Jan
Ha
81%
10
17%
24%
8
Feb
74
2,500
80%
*'
•
•
1
%
2
Jan
4,800
Y 400
47%
preferred—100
Elec 7%
Jan
79%
10
~l7/a
81%
•
-
77%
77%
......
Feb
14¥a
120
8%
150
—I
Inc
Kimberly-Clark 6%
Jan
115
70
90
2%
•
*
•
common
Gilbert
86
;-Y
—
3%
800
:
115
85%
•
1
preferred
Electric common
S3 preferred
1
!
Georgia Power $6 preferred
$5
preferred
convertible
$6
15%
115
Jan
K
3Y
Jan
12%
1,200
7%
Mar
73
■
V 11} Jan.,,
.
Feb
1,800
32
,2%
preferred
—
Julian & Kokenge Co
Jan
Jan
800
,
"4
:
15
15%
•
Gen
las & Elec $6 preferred B
*
General Outdoor Adv 6% pfd
100
General Public Service $6 preferred—*
General Rayon Co A stock
•
General Shareholdings Corp com
1
General Fireproofing common
Gen
Feb
1%
8
~3%
_—_—10
preferred series A
70 ¥4
yyy
£1
1
dep rets ord reg
General Finance Corp common
5 %
1%
Co Ltd—
Gen Electric
Amer
50
l'/a
Feb
26%
—-
7 %
8
Feb
900
2%
Y--'.
7'/a
71
'
2%
;Y.
2
-J•
Mfg Co common
General Alloys Co
;——
Gellman
71
71
3%
32
Si Lt 5%% pfd—100
————100
preferred—
6%
Ken-Rad Tube & Lamp
preferred
10% Mar
Jan
15%
Jersey Central Pwr
Kennedy's
5%
16% Feb
26%
_■
(F L)
Kansas Gas &
Gatineau
19
18%
•
:,ryrl.■'
Jan
84
;
;15% Jan
•
1%
%
1
64 % Mar
64%
A—
Jacobs Aircraft' Engine Co——
Jacobs
45
—
conv
4%
Italian Superpower
20%
3%
1
1
1
common.
A) Co
Fuller (Geo
Jan
31% Mar
.
Jqn
—3
1,300
7%* .'8%\
.20;.
—-1
•
,
7%
6,400
10%
3 /a
'
*';.V;Yt'7^,'
.
Jan
Jan
.
'
•1%
Feb
"7%'Y 8%
17%' 18
17%":;177/a
*
1 YY—Y'
•
Feb
r." : t
'1%
trust ctfs—*
Feb
1%
77%
8"/8
?
Feb
100
Feb
21%
8
Air Chute
Irving
Jan
2
France—
rets bearer
Brewing Co
dep
Amer
Fox
62%
4%
Motor of
Ford
Iron Fireman
4%
'
Royalty—
Mfg voting
Investors
Jan
60
Jan
66Va
70
14%
* Y -~\'Y
—* Y*Y-f*.
preferred—
Interstate Power $7
20%
'
*
non-voting
A
Class
;
-£1
Canada-
Motor of
Jan
—
Co—25
10
& Warehouse
Federal Compress
Fire
Ford
Jan
12%
15%
14%
15%
Jan
7%
"1%
400
14%
14
—
Feb
2%
1,500
4,000
2%
YYY 2'". '•'
2%
9%
■
v
8%
8%
8%
1
-1
1
*
110
Jan
Jan
500
.,vY:-V-
$1.75
Fairchild Camera & Inst Co
Engine & Airplane
Feb
43%
;/46%
81%
*
.
International
Class
Fairchild
108%
40
Jan
.
Mar
23
Mar
27
80 %
•
Y 5%
31%
—
23
450
series—-I-
Industries Inc
International Metal Industries A
Mar
36
Feb
'•1% ■>; l'/a
"" 31%
81%
International
47/e Jan
400
514
5
5%
8%
Feb
22%
190
29
—50/,.•••,
I
-£,•*£;
International Minerals and ChemicalsWarrants
'.J
—
— Y :
812
International Petroleum coupon shs—*Y.Y 17 %
Registered
shares——*
—
*
•—Y-.
Jan
43
■
Jan
10
130
53%' 59
'. 60%
'56
31%
10
*Y
Cigar
$3.50
Preferred
Feb
6,600
1%
1%
1%
10c
1
Jan
Feb
100
Jan
12%
Jan
150
23
108% 109
109 v,
53%.
100
—
Machine-;—
International Hydro Electric—
Jan
9%
9%
—5
Equipment
common
Equity Corp
9%
22%"
-—100 Y 56 y
common-——I YY -- Y
of North America
Co
International
44
*
■
preferred
,7%
Insurance
Feb
9
Jan
8%
9,200
.,-
Jan
32%
Jan
12%
Feb
9
.
5% Jan
,11% Feb
1,200
11% V*
•
High
Low
5% Jan
11%
-
Industrial Finance v t c
1% Mar
Feb
Feb
30
Range since January 1
Shares
I
;
,
11%
11%
£1
I
■
preferred
1%
116
6% pfd-—100
participating stock
*
Empire
Y
25
District Electric
Empire
u
8%
■
1%
■
-
I;
—
;
Indianapolis P & L 5%% preferred_100
Indiana Service 6% preferred
:
100
10% Mar.
Jan
/.
of
Tobacco
Ireland
Jan
•
Emerson
Imperial
83%
95
,v
Jan
6
*"7%
59-Y 65%
I
-
Salea
for Week
Registered ———
Imperial Tobacco of Canada
3,600
91%
\
;*Y
Par
coupon
Feb
48%
Jan
Imperial Oil (Can)
500
91%
l'Y':
5
Y,'
,
£1
*
—*
8
Great Britain &
dep rets regis
Am
;
Chemical Industries—
Imperial
185,100
10%
93
•
.
35% Jan
1,400
;
1
Jan
40% Feb
40% Feb
Jan
33(4
"9%
Option warrants
Eleetrographic Corp-—Elgin
400
5% Y 5%
~9%
'
—*
•
preferred
preferred
$5
300
1,100
975
46
.--Y
8
Bond & Share common
Electric
38 ¥2
46
—*
—*
Stores
Economy Grocery
39
39
1
—
-Y
% Mar
%
40
-Y
39
•
——•
$7
March 10
Ended
Week
High
Low
39%
%
—*
States Corp
preferred series A
$6 preferred series B
Eastern Sugar Associates—
$5 preferred v t c
Easy Washing Machine B
Eastern
1
Range since January
High
Low
Par
Curb Exchange
New York
<
Week's
Range
of Prices
Low High
Friday
Last
Sale Price
STOCKS
Friday
STOCKS
Week's
—
•
x2J/8
.
..
53%
-
25% .25%
1
8%
17
x2%
IV2
52
8%
17
2J/4
1%
54%
100
21% Mar
Feb
26%
2%
8%
17
Jan
Jan
Jan
250
15%
Jan
300
2 %
Feb
2%
Jan
1% Mar
1]|
56 %
Jan
100
300
52
Mar
Jan
Volume
159
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4263
STOCKS
New
York
Curb
Week Ended
Week'*
Friday
Last
Exchange
March
10
Low
Par
Minnesota
Pwr & Light
7%
Mississippi River Power 0%
Missouri
Mock Jud Voehringer
Molybdenum Corp
Pictures
Monroe. Loan
Montana
,
Low
High
113
15%
100
Feb
Jan
114
Feb
3%
3'A;
common——..l
—.1
14
15%
19%
1,400
5.100
8%
Mar
2,000
15%
Jan
2%
Feb
4%- Mar
•;v3%
'■
•v.2%
7,900
.
loo
2%
1%
V
170
18%
170
■
loo
;
>
Jan
r
28%
Feb
9
5c
10
'C-.-VZw'-' z
■
H-Vl.%
;'"5.%;:,
'5%
1,200
1% •>'
Feb
18% Feb
Jan
- -
Feb
9% Jan
;VAl% .Jan
•
■
Mountain
States
Power
Mountain States Tel
>
20%
—190
129"
..
«
Murray Ohio Mfg Co.—i.,
Muskegon Piston Ring—:
,
*
common-
ft Tel.
-
:. 129 'A
15%
-r
"'6'
•
,18
Feb
128%
Jan
13%
Jan
11.%
350
Jan. 'if
C* 40
15%
Jan
5%
1,400 ;i
.
20 % X '■■■>
19 >
M29
./••:.■ 15%
6
eoo
.
•:
Jan
•
Feb
ft
25%
-Z
E
;.V'
71'" 12%
—
tX 50
/12%'
•
33%
Jan
Feb
7%
Jan
22%
Jan
28 % Mar
400
RR
—56
15%
12%
Jan
17%
1%
115
5,000
1%
Jan
2%
Jan
7%
7%
3,300
7
Jan
8%
Jan
40%
Jan
40%
Jan
55%
Jan
Z*.
50
'
1
61
y
>-j ■
62%
11%
'■
12
3%
.7.50
11
Jan
12%
95
Jan
102%
Feb
Jan
4
Feb
200
16%
400
3%
...
2'A
6% /,
6%
3%
11,000
6%
100
16% Mar
13%
'
j
3%
Feb
14% Jan
'
...
62 % Mar
350
3%
16
—10
640
Jan
1,100
98% xlOl
100%
1
common
•
,
—
62
10
—25
—.
14%
115
5
—.
14'A Mar
Feb
y't
Power Corp of Canada
Jan
5%
Jan
6%
Feb
5%
•
2
Jan
6
Jan
26%
__25c
Alexander
Pratt ft Lambert Co
Jan Z
..13%
High
Jan
%
7-%
_
Premier Gold
lnc
IZ.i
Mining—
Prentice-Hall
'Z
■■
*
common
.'
.
%
111
,•
1
—2%
i
6
27,200
28%
•
32
500
27%
225
7
Jan
29
Jan
3%
Feb
■
> 15% Mar -y<
*
ft L
Low
"> 33%
6%
II—II
Ltd
Pittsburgh ft Lake Erie..
Pittsburgh Metallurgical
Pittsburgh Plate Glass.
Pleasant Valley Wine Co
Plough lnc common.—..
Powdrell
20% Mar V
131
Bess
Range since January 1
Hiah
6%
Postage Meter
Polaris Mining Co
•
Producers.—
Pitts
33
Shares
1
-
common-
Mines
Pneumatic Scale
/
;vn%: Jan
-
v
173-Jan
30'%
Gold
33
*
common
for Week
of Prices
Low
23
pfd
Co
Governor
Pitney-Bowes
2% Mar
;■
——
Mountain City Copper common
Mountain
Pierce
Pioneer
Jan
7%
Feb
18%
150
.17%'- 18%
Securities
15% Mar
Feb
168
Packing
10
Feb
7%
'■
■170
Jan
Electric Power 5%
Phillips
Phoenix
21'A Mar
Utilities————.IOt
Montgomery Ward A—
,.'
L-*
Montreal Light Heat & Power.—:.—:.!•
Moody Investors partic pld—:
_•
Mtge Bank of Col Am shs
Phila
:■
Jan
10
9 v;
21 %
8%
21%,'
15%
9%
__1
ale Price
Kales
Range
Last
10
Par
109%
;; •; 30
Week's
Friday
Exchange
March
High
8% Jan
2.50
common
.113
113
>;
Curb
Week Ended
Jan
_*
Society A.2-.
Dakota
Range since January 1
97%
_10u
Monarch Machine Tool—..
Monogram
STOCKS
York
New
Shares
100
pid
common
Public Service
pfd
Sales
for Week
Range
of Prices
Sale Price
-
1C63
'
•
2,500
•*
'■w—
■ '
——
Jan
Jan"
1
Jan
u
43
-
•
44
Feb
'
Muskogee
6%
Co
preferred
_
vV, / ""•!9%
*>■■.!if
common..■>.—
—100
—„
9%
>300
v
'
■■.-6%
64
■■
:
Jan
9% Mar A
-
\ 75
Jan V
; Feb
-
>
Pressed
IIZi
America
Producers
~6%
-7%
7%
!/:/■ »A
1
Corp of Nevada
Prosperity Co class B
Providence
N
of
Metals
"
■
%
6%
:
—
—•
••
.
8
'
-
—■
Jan
7
7% Mar
% Feb
Jan
8
Jan
7% Mar
—
100
8
Jan
33
'
ji,.a.
Gas.:
1,700
1,300
8
Jan
of Colorado—
Public Service
'
Nachman
Corp
National
Bellas
Hess
National Breweries
7%
National
'
$3
"'*'i%r 1%
convertible
T%
4,500
A 12 %
Machinery...
Steel
National
5%%
Union
Oil
Mines
Nebraska Power 7%
Nehi Corp 1st pfd..
Nelson
(Herman>
1%
_•
28%
100
Haven
-
Y
NY
100
105
A.
N
N
Auction
Land
—.1
Y
Y
3%
3
-
20%
'
common..
V;
210
f-
56%'
57%
1,700
55%
300
2%
13
Shipbuilding Corp—i
■
19%
25
: 13
/
■
116
>h50
-13
<'
:
!
;.H4%/116"":
50
^•120
5%.
2d
17
15%
pfd_100
pfd__—.100
preferred.—.
A
optional
17
66%
«•'
2 %';
f 80 vA|
•
'■VAi
-700
:
1/64
Class
A
—5
preferred
6
106
12%
—
Nineteen Hundred Corp B_;
1
Nipissing
5
Noma
Mines
_l
;
North American Rayon class A
Class B common.
;
6%
—• -f
American
Penn
RR
Nor Indiana
1%
Co—.
6%
100 '
Northern States Power class A
I—
25 A
Corp..
;
116
7,500,
26*
•
25%
26
Ohio
Co
Brass
Edison
Ohio
Power 4%%
Ohio
Public Service
Q%
1st
$6
B
Zz 'vZv\
—
ZZ'-v-ZZ
%
-yfi.'
Jan'
Richmond
Feb
Rio Grande Valley Gas Co
13
Mar
Rochester Gas ft Elec 6%
Mar
Roeser &
Ltd
20%
7%
conv
•
1st
Jan
.
Jan
2{jJ Jan
6%
Jan
7/8
Feb
114
Feb;
30
Jan
Jan
\"~%
/
.
Feb
-.4%
Feb
9% Mar
87
Jan
106% Mar
Feb/; :
Jan
*116
Mar
13% Mar
-
Jan
26
Mar
Jan
109
Jan
113
Mar
113% 114
'100
112%
Jan
114
Jan
117
112
.5
15
117%
"-112-
5%
"
'100
21%
'"54%
55%
111% 112'
-
Jan
118%
Feb
108
Jan
112
5% Mar
3,900
:
18%
54 •?
110%
1
;
,
Jan
3%
4%
7,300
3%
Jan
4%
13%
200
Jan
13%
%
400
U
Feb
1
1,400
2%
Feb
3%
li!
1,000
Va
Jan
10
105%
Jan
15%
Feb
15%
12%
400
10%
Jan
12% Mar
2%
100
2Va
Feb
5'/a.
900
5 Va
Jan
2%
3
%
>/>•
107
107
11
z,~.
V'tZl2
,2%
2%
5%
5'/a
Feb
12%
a
Feb
Jan
Jan
Jan
Mar
Feb
107
Feb
Jan
2%
.
ZZ
3%
1
•
4
1,700
2 %
'
1,200
>
"2
Jan
18%
Feb
Jan
18
Jan
8
Jan
3%
-
Jan '
8
■
6%
17'A
17
>
1
Lawrence Corp Ltd
St
Class
St
•
50
$2 conv pref
A
preferred
7%
Salt
Oil
Dome
United
Sanford
Jan
4%
Jan
;
Jan
5
Feb
5%
Jan
1%
Jan
2'A
Feb
Jan
5%
Feb
Jan
156%
Feb
Schiff
Co
common
Electric $6
Lace
Steel
Scullin
preferred—
4
2,200
2%
,
—
2'/a
—
2%
2%
2%
'•
Feb
9% Mar
2'A
Jan
4 %
32
14
200
2%
15,100
2% Mar
Feb
17 % Mar
Jan
1%
Feb
Feb
37
Jan
1%
1,200
17 %
17
__
2%
Jan
Feb.
66
58%
66%
3,900
50%
Jan
66 % Mar
31%
30%
31%
600
27%
Jan
31% Mar
•
—
•
common—
'
24
Feb
26
Jan
210
64
Feb
72
Jan
600
A 9%
Jan
11
—'v;
.
Brook Water Service—
*
Co
68%
1
68%
10 %
11
3
—-
1
*
1%
7"%
-*
——25
prior stock
Allotment certificates
16%
l /
l
8% -'•/'/■! 7'A
__
72%
5
$5.50
1%
7%
—
1
lnc common
Convertible stock
-
2%
100
3
42%
——
Co
Selected Industries
68%
—
common
Hardware
ft
Shoe
Selby
3"%
8%
25
Securities Corp General
Seeman Bros lnc—
Lock
3%
146
8,600
25
preferred
$6
9%
1
<D A) common
Convertible preferred
Scovill Manufacturing
;4 "A
75
9
i,
--
Schulte
Scranton Spring
21,000
9% /.
1
common
Co
Scranton
—
—'
Oil
—
4%
5%
153% 154
5%
153%
5
♦
Mills
Corp
Savoy
Scranton
—
—
1
Co
Samson
—
5
..100
Regis Paper common
Sentry
__
Safety .Control
Corp class B
Serrick
55% Mar
Jan
42%
Feb
40
100
1%
5,100
1
6%
Jan
100
16%
Feb
%
Jan
6%
1%
Jan
2,900
Feb
16%
1%
6,100
8'A
1,550
200
75
Feb
Mar
8
16% Mar
1 %
Jan
8% Mar
Jan
Mar
75
Jan
67
Feb
42% Mar.
Jan
8
Feb
3%
Seton Leather common
113
Jan
:
Shattuck
%
73
2%
3%
3/«
200
3%
Feb
n
.
Feb
Jan
4%
Feb
7
Jan
7%
Jan
4,500
2%
Feb
3% Mar
12%
Jan
,
5
Jan
3%
%
*
Mining
Denn
69
—
1
1
"
"7--' Mar
•
-
11%
——2%
Ryerson ft Haynes common
22% Mar
Jan
100
5% Mar
Jan
"150
-
*
Securities
125
24% Mar
Feb
ioo
-
22%
55'A
111%
115
30
:.
5%**
'21%
50
prior preferred
Omar lnc
Feb
•A 70
Oliver United Filters B
Overseas
4%
21 % Mar
113
100
12%
—•
—
Aeronautical Co
Consolidated Petroleum
Ryan
Ryan
v
Segal
100
Feb
.
—20
"
111
pfd
Jan
Jan
21%
5.700
1
Mar
9%
113%
i
Jan
2%
Jan
1%
600
3
•—
1
preferred
Jan
111%
common
30%
12%
5,600
•
6% Mar
Jan
3%
Feb
Jan
13%
4%
5
Co
$1.20 convertible
Jan
12% Mar
Jan- :
•"18%
28%
*
Royalite Oil Co Ltd..
106
J an
175
25%
Jan
17
Mar-
Jan
20% '-21%
—■
5
Russeks Fifth Ave..—
32
Jan..
;
Petroleum
Root
Jan
'
Jan
23
26%
100
....
Jan
30%
.
*
Jan'
»
Oklahoma Natural Gas common
$3 preferred
-
$5'A
pfd D
common—
77
87
300 ".
Mar
—100
preferred
preferred...
Oilstocks
Corp
83%
Jan.
7%
X40%
1
1
v
Pendleton lnc
Cable
Rome
t c
Radiator...—
3%
Jan i
Jan
15% Mar
Feb
Jan
-700
common
preferred
43
Feb
15% Jan
x40%
900
*
Aviation
Dry Goods—
Richfield Oil Corp. warrants
Stix
Seiberling Rubber common—
class
Ohio
Jan
16% •16%
1
105 % Mar
Jan
114'
4
A
16%
Rice
O
Ogden Corp common
Jan
Republic
:
116
.7
•
16,700
V;;
■
Feb
12%
Jan
Feb
,104'
'
12% ' 13%
1%
50
Feb
10
Jan
'20
13%
Jan
18,900
59 %
Roller
25
Jan,
.Z:10
116
1%
1%
15%
12'A
Jari
4%
106% 106%
100
Jan
1%
--'•.
75
"""%
•i
pfd.100
Jan
10%
15%
5
~3%
28%
;;
"5% "9%.
9.
Jan
154
15%
Reliance Electric ft Engineering
Feb
103
50
Public Service
preferred.
Novadel-Agene
•
,
75
Jan
Jan
1 %
Jan'
.
1%
:
:rr% "
yc.. ■ - v'" i f
__1;;
Feb
Jan
10%
2%
:•.<:. % Jan
500
•
'
71%
152
20
23%
'
-
28
5
Northeast Airlines
North
7,000
113
153
152
153
3%
4%
..
Z'Z
.50
Texas Oil
260
72
.100
—
2%r
v
9%
201
U%
:
72%
8%
Co
22 V«
17
5%
.
Utility Securities.—_•
Central
V
—
•
prior preferred.
Northern
Power
2%
111
105
,w.;
1,306
5%
U
Feb
23%
11.900-, •»10%- Jan
2.
111
10
*
Jan
66%
10
.
12%
1.13
112
Jan
1
1/128 Feb
A Mar
3,100
106
5%
:■
5%"
Light & Power comtaon—1 /
preferred...
i__.
North
30
*/.': "T-
""2 '2;:
400
Bit Co
"74%-Feb "
.1,006
*
"
Electric...
1
28,000
11%
North Araer
$6
^
-
1/64
5% & 6JA
.100
;
10
Red Bank Oil Co
23,4
.
-1,650
-rift-
common
Niles-Bement-Pond
69
-
9%
Jan
Jan
"•■64
>
70
20,600-
•
80%
1/64
451aaa B optional-warrants.—
Niagara Share class B
3
:
A 77%
69
warrants.
:
66%
"2%
Mar
Jan
Feb '
i
19%
Jan
109 %
iuu.
preferred
Roosevelt Field lnc
...ZlV;
shares—
Feb
13
9%
.;.112% Jan':
~:102; Jan"
*10
>>
*
.13
Jan
106%
:
20% Mar
7% Jan
5;: 21.% Jan
'11% Jan
aoo
•
•105% 105%
Niagara Hudson Power common— in
5%
1st preferred
;
.100
Class
Feb
9
Mar
3%
preferred—100
100
Jan
11
R
Jan
60% Mar-
Jan
25
—
Jan
11%
150
Jan
Feb
-1
Merchandise.,
& Light 7%
preferred
Y Water Service 6%
6%
Quebec
••7% Mar"•
Jan
2%-- .3'A
9%
93%
300
Radlo-Keith-Orpheum option warrants.
Railway ft Light Securities
Voting common
—.10
Railway ft Utility Investment A
1
Rath Packing Co. common
10
Raymond Concrete Pile common
—*
$3 convertible preferred
•
Raytheon Manufacturing common—50c
6%Jah;
16%
•
200
12%
13
9%
Feb
6%
Feb
1,000
'
Feb
12%
•.
Jan
•
•7%
104% Mar
300
•
1
13%
Jan
87%
■
Jan
18
175
N Y State Electric ft Gas $5.10
N
114
-
Jan
47%
19%
v-'
Honduras Rosarlo—.
Founders
1%
28%
_•
Power
$6
N Y
i,
.10
.■/
•
Quaker Oats common
Feb
Mar
4%
Jan .;
Jan
•'18 %
•'
Jan
Jan
12%
..5
Reed
••''
700
:"-:8%- •• 8%'*
57
114%
10%
Jan
'
..25
Co
800
-
4,750
104% 105 %
8%
Arizona
8%A K%
6v:A:\•:?%■,*,
20
Ofty Omnibus warrants.
ft
26
-
v-111% Mar
320
56% -60%
'/j20
New Process Co common
N
Mar
3%
:
Jan
r«
6
Co
New Jersey Zinc
Y
1
'300
-5%
8%
56%
Jan
13,500
12%
98 % 100
98%
$5 prior preferred—
Puget Sound Pulp ft Timber
Pyle-National Co common
8% Feb
13
Jan
:
U4 %
12%"
12%
.10
"
1,600
-
'-21
Jan
1,300
700'
1%" 1%
Feb
11%
Jan
6%
New Idea.Inc common..:
N
18%
700
;
Jan
"
.100
—
Jan
111% 112
•
England Tel ft Tel.
New
Mexico ft
13 %
••
"
Feb
•
1st preferred
Jan"
Jan
27% ' 28 JA
•
•
New
New
11%
4%
.
Clock
Jan
_•
—
preferred
Jan
10%
v"4 Va4 3 a
,
7%
Puget Sound Power ft Light—
4% Jan
10
87%
England Power Associates.—preferred
.100
S2
r''
-
Jan"
500
♦
Nestle Le Mur Co class A.
6%
Jan
Feb
200
__9
Corp
Neptune Meter class A____
New
12 '
8%
4%
preferred
Jan
*
11%
.12%*: 13 H
•
£ii_.
58
11%
6,800
20%*: 20%
13
•
_30o
:
Jan
Jan
.100
Pyrene Manufacturing
Mar
11%
11%
20%
12.50 1
Radio.
Co
-V
42
13
50
•
;
—
Jan
Feb
1st preferred.
Common
'
i'
*
preferred—_10
National Transit
Navarro
'■«
6%
•;
Jan
13
■
Sugar Refining.—
Ltd..—
Jan
Jan':;''
35
12
600
12 >'■
■'.11
11%
_•
National
1%
30
Jan
4%
'11%
National Mfg ft Stores common—.
_•
National Refining common..
>.—•
National
12%
.
•.
12
National Tunnel ft
Jan
:
Feb
Feb
35
._50c *.
common.
.
National Tea
V/2
17
35
National Fuel Gas_
Car
'
Jan
28
25
;
preferred—.50
National Rubber
*
?
...i____
Candy Co
City Lines
National
>■•• •--1 *
nnitimnn
14%
200
■
common...
preferred
16%
16%
■
-
~9
9
1
.9.
:.
7%
,
.100
.
7% ':^
7% Mar
8
Feb
9
6%
•
>500
Jan
7% Mar
Mar
—•
Shawinig'in Water & Powers.
common—
25
pfd series AAA
Sherwin-Williams of Canada
12%
13
600
95
13
97
300
—100
Sherwin-Williams
5%
cum
Co
Silex
—
Jan
Mar
97
Feb
115%
Feb
114
*
14%
14%
Feb
12
Feb
13%
75
15
Feb
12
—
—-—•
common
91%
13%
Feb
16
Jan
Simmons-Boardman Publications—
Pacific
Can
Co
common
Pacific Gas ft Elec
5% %
1st
Pacific
Lighting $5 preferred
Power
&
Public
13
25
Light 7%
36%
36%
400
25
Pacific
Pacific
33':
33:
100
•
pfd
107'
106% 107
.100
103% 104
/
1st
common
Pantepec Oil of Venezuela
Motors
Parker
•
Am
Co.—
Pen
shs.l
Corp.J.
$1.40
1
Jan
__
8
8%
17,500
8%
6%
8%
500
'•
1
Power
ft
Light $7 preferred..
5
5%
Traffic
*
2150
Co
Co
...
Penn Water & Power Co
...
19
Jan
Solar
Aircraft
81
Feb
Solar
Manufacturing
9
Jan
Sonotone
80
»
-7%
Feb
Feb
Jan
Pharis Tire ft Rubber..
Feb
South Coast Corp
Jan
17%
Jan
South
38
Jan
35%
Feb
Southwest
Southern
Jan
600
common
page
70% Mar
102
103%
163
2%
163
2%
66%
130
•
1065.
8%
10%
7%
340
■—
25
2%
400
67%
650
130
10
8%
10'A
1
6
%
Penn
1
common
25
Oil
Pa
Line
Pipe
~1%
Jan
94%
California
original
Jan
Southern
Southern
96%
162% Jan
2% Mar
64%
Jan
125
31
Jan
7
Jan
1,600
•
234
20
2%
__
__
108:
12%
3
3%
1,200
4%
4'/a
800
2%
2%
6.200
4%
2'A
—
__
275
Jan
Jan
Jan
3%
Feb
Jan
Jan
111
13%
12% Mar
25
12%
—
2%
Jan
Jan
Jan
26
Jan
2%
200
Feb
3 % Mar
3%
Jan
5'A
Jan
2%
Feb
2%
Jan
Jan
4%
Jan
2%
,
Jan
4%
.
2%
9%
Jan
Jan
xl65
23
'
Southern
Feb
Southern
67%
Feb
130%
Jan
33
Jan
8% Mar
10% Mar
Power
25
25
class A—25
preferred
Feb
2% Mar
*
Colorado
Southland
New
100
England Telephone—100
Phosphate
Pipe Line
Co—
10
10
Royalty Co
Spalding (AG) & Bros
1st preferred..
5
——1
Spanish ft General Corp—
Amer dep rets crd bearer—
Amor
Hort
rrt.a
nrrf
__
„
42%
42%-
400
Jan
3 % Mar
42% Mar
44%
30
42%
Jail
30
Jan
37
Mar
43%
Jan
Jan
Edison—
preferred
preferred B
preferred series C
Feb
103% Mar
Jan
90
175
3,200
__
__
2%
10
5%%
"■
163
5%
7%
103
...
26
—
255
Feb
{*.
64%
100
ly»
67%
——II
1
Corp
254
__
1
Manufacturing common
Jan
Jan
70%
Co.
2%
__
__
100
1
Co
32
Jan
-
see
25
Soss
pfd
Paper Mills
(Howard)
-
..1
100
£1
regis
City Gas & Elec
/16%
5%
*
For footnotes
8% Mar
33%
"1%
»
_
Circle Co.
Philadelphia Co
.
6% Mar
—
Perfect
-
'
Feb
69%
11.100
Mfg
rets ord
Smith
Jan
Z
2~50
Co
Pepperell
dep
Sioux
4%
.
Penn
Amer
Feb
Feb
31%
.T—
•
Mfg
Jan
common
6
•
•
com
preferred
Salt
Jan
Pattern
Manufacturing Co
Singer Manufacturing Co Ltd—
Jan
5
..
•
Singer
6,100
—
.5
..
$6
Penn
Simplicity
Feb
105
24
2,100
25
Pennsylvania Edison Co $5 series pfd_«
Penn
'
108
Feb
34%
17%
•
Pennroad Corp common
s
.'.A-.
•
common
$2.80 series preferred
Penn Gas ft Elec class A
33
Jan
96%
__
Telephone
preferred A
32% Jan-;'/
■
10
—
Patchogue
Peninsular
Jan
'•/; 14
' Jan; .•-' ,X. 36%
106%
8%
1
...
Parkersburg Rig ft Reel
Plymouth Mills
•
•
30
preferred.
Paramount
35
350
,.
_*
.
.
$1.30
••
:v,.t19.-.. Jan
Service
Page-Hersey Tubes
convertible preferred
$3
•
1st pfd
6%
preferred...
rt>crfs
—
39
39
320
39
•
30%
31
400
30%
32%
Jan
30%
30%
30%
200
29'A
Jan
31%
Feb
1%
1%
500
1%
Jan
1%
Feb
72%
72%
.i
,
—
Jan
.
Jan
129% Mar
130
6%
100
6% Mar
9
9
300
8%
Jan
9%
Jan
129% 130
—
__
10
20
10%
10
6%
5%
•
Feb
75
40
6%
__
__
800
6%
1,800
5% Mar
40
..
.
A
67
.5
400
Jan
f* Feb
%
Feb
Jan
6% Mar
Mar
9
10%
Jan
6%
Jan
45
Jan
At Feb
As Feb
Monday, March 13, 1944
COMMERCIAL & FINANCIAL CHRONICLE
THE
1064
NEW YORK CURB EXCHANGE
Friday
STOCKS
York Curb
N*w
East
Sale Price
Exchange
March 10
Ended
Week
Range
Standard Cap & Seal common
preferred
Convertible
convertible preferred
Oil (Ky)
Standard Oil (Ohio)— 5% pfd
Standard Power & Light
$1.60
Standard
B
Common class
i
Standard Products Co
Standard Silver Lead
preferred
5% 2d preferred
Sterling Aluminum Products
Sterling Brewers Inc
1st
6%
Stetson
Inc
(J B)
mmunes
(Hugoi
Sterling
Stroock
Machinery
Sullivan
Co
Rav Drug
Son
1
:
20%
Feb
Williams
Oil-O-Matlc
Feb
Feb
8
2%
—
Inc
18
Jan
Jan
112
Feb
Wolverine
%
1
7%
1%
43%
3%
12
Feb
Feb
22 %
2%
2%s
Feb
19%
19'/4
s
f
s
Jan
23
17%
Jan
14
Mar
50
Jan
14
Feb
52%
Writing
-
3%.°
4%s
Elec
1
•
Taggart Corp common
Tampa Electric Co common
Technicolor Inc common
Corp.
Trans Lux
Tvi-Continental
6%
1,100
6%
6%
22%
300
7 Va
1,900
3'A
1%
3%
14,200
deb
4%s——
.
-
•
6%
11%
61%
Feb
109%
Feb
Feb
.
115
6,100
3,100
.
1 Va
/
11%
•
ctfs——--.1927
5s
Jan
5 A Chicago Rys
Jan
Cincinnati St Ry 5%s A
6s
23% Mar
Jan
Mar
l'/a Mar
9% Mar
W 7%
IO1/2 Jan
11%
Jan ?
series
Cities
B
2Va
6
10c
Corp
Manufacturing Co——_10 /
Gas of Canada
*
Unexcelled
Union
Products
Chemicals common
Aircraft
United
$3
participating pfd
&
cum
<%ear-Whelan
United
Stores
United
Corp
warrants
deb
5s—..
5s
5s
Debenture
*
—1—1969
-
$6
t'C'2W:
117%
•
Feb
Jan
10,400
63%
3,600
^ 25
:
%
Feb
V---
A
Feb
i—25c
10
Shoe Machinery common
25
Feb
90
10 %
United
General
Feb
4
28
X43%
200
Feb
^4
6% Mar
6%
72%
72
Jan
74Va
x43'/b Mar
44%
1
6
6 Va
300
4%
Jan
6'A
1
5%
5%
3,600
5%
Jan
6%
9
Feb
9%
1%
stpd
U
Graphite
S
1st preferred with warrants
Reclaiming
United Stores common—
50a
U
U
S
Radiator common
Rubber
s
Wall
United
2/
10
Paper,
Universal Consolidated Oil
Universal Cooler class A
•
*
B
Class
1
til'
82%
•
1
•
150
9%
9
8
•
common
S and International Securities
$5
//>
3,300
J3.
475
-
82%
80%
78%
10
Mountain Pow 3%
3%
1,900
2%
Jan.,
1%
100
1%
Jan
%
%
200
3,000
3%
.
:
/"I:/
-
%
500
7
Jan
2%
•—'ii"v
'■
2%
600
1%
Jan
2% Mar
21%
20%
21%
21%
20%
21%
20
3,200
1
6,000
R»dio
Utah
*
Utility
$5.50
—
8
•
1
Products
10c
—2
Eq.'Wes common
priority stock
12
•
Feb"
12
Feb
Z"T> 2%
■
-:'C—
■'
58%
58
58%
,
*
2%
•:-
■'
.
'
Jan
21%
22
Jan
Jan
51 Va
Jan
4
1%
1%
100
75%
76 Va
100
:
Corp
Venezuelan
I
common
eonvertlole
preferred
8
Petroleum
1
Virginia Public Service 7% pfd
Vogt Manufacturing—>
100
•
1%
30
1%
.
8%
120
8%
800
32%
400
9%
3,200
122
8%
200
100
Feb
74%
Jan
.
4%
Jan
76%
Feb
1%
27
8%
105
8
Jan
Jan
Feb
Jan
Feb
1%
32
9%
126
9
3'/a
Feb
3%. Feb
8%
7%
Feb
8%
Bond
class A__
•
Texas
West
Va
Utility $3
Coal
&
Coke
Vt-s(.prn
Air Lines
Western
Western
footnotes
Feb
1% Mar
Jan
18% Mar
Jan
2,400
3%
Jan
4
109 Va
Jan
110%
Feb
5%
Jan
7%
Feb
500
7%
Jan
9% Mar
III"""
20
ist"pfdIIioO
Stationery
page
106 Va Mar
1065.
25%
26%
99%
101
100%.
98%
100%
99-rbioo",':;
99%
100
100%.
98%
100%
100 Va
100%
100%
101
109
110%
105'/a
106% v'
99% 100
100
100
100% 100%
.
;
lOO'A 100%
.
120
1118
$109% iu
106% '•
106
106
r
103'/2 103%
r
?
99
•5
8
95
95
>99
135
101% 102 %
95
123%
"
*:c
$108% 112
101%
122
5
123% 123 Va'
v
116
102'/a
-V
•
—
"98Vsr-v
93»k
150"
T
95%
95 :
95»/4
/
104%//
102 Va
18
,102% 103 »4
'
96
90%
.
'
102%
;
102% 103%
102%
88
102
103
>123% 123%
103% 103%
8
123 Va
123%
6
102%
106%
■2
103%
106
102
102
123%
>
103%
...
-
'
104% 104%
-
:
J60
102
t—
1
104
101%
102%
98%
102:,i
99%
100 Va
104
103
100%
104
100
;;
101
102 VB 102%
103
.
108 %
108%
f 107% 108%:
105
105
103 Va
106
100.%
98
-100% 100%
102
64%
70
69
70
111
111
110
.111
104% 105
102
105
102
103
70
/
J-J
/
101
V
63
102-'
V
98 %
97%
98%
97%
102
J-D
104%
•
104%
J103
>
107%
105%
106%.
104
Indiana
Service
5s
M-3
104
104%,
M-N
*103
104%
102%
102%
'-.
1958
—-1950
5s___
99
99%
93%
100%
99
99%
93
100%
International
A6%s
Power Sec—
series
A 7s
'
'
1955
:
.
C
(Dec
1
1941
1955
coup)
99%
^
J-D
107%
107% 107%
107%
r.
25
24
A7s
30,
t28V'a
F-A
A7s
1941 coupon)———1957
(Aug
(July
Interstate
—1952
F
series
A 7s
5s
Power
Debenture
1952
1941 coupon)
23
1963
1965
Pow
series
Midland
ref
Feb
New
;
:V
$106
series
Amsterdam
.
.
:
.
-
101
M-S
M-N
:
101%."
109% 109%..
M-N
67 Va
35
107%
:
108V4
106%
120% ,122 $,
111%
112
107
"5
22
.
108'A
103% 105%
'108% 109%
99%
101%
109V4
110
108%
110 v*
2
,—1978
1981
J-D
J-D
—1948
c
5
5
62 Va
66%
107 Va
108%
> 104
106
303%
13 0%
100%
103%
110% 110%
100% 100%
103 %
ma
ma
3
106
108
4
103%
104%
12
109%
110%.
9
100%
101 Va
1
108
111
1
106% 107!/4"
J-D
M-S
J-J
12
105% 106
J-J
M-N
F-A
1957
>—1951
—-1945
102% 102%
66%
65%
M-U
:y
100%
1
108% 108%
A-0
1967
100
"3 I
>$102% 103%
—2022
5s
9
A 499% 100
J-J ;
1955
Gas
29
;
106 Va
108%
—1945
;
A
92%
108
103% 104.
103 %
F A
>—1963
Mississippi River Pow 1st 5s
Nassau & Suffolk Ltg 5s
Nebraska Power 4%s
27%
108
c
v;
1948
1947/
1971
to
5s
"4.'
120% 121%
Valley RR—
Minnesota P & L 4%s
6s
f
24%
/> 60
V;
.-'
'$111% 112% '
108
J-D
.
68
29
■
>.1965
Mississippi P & L" 5s
Feb
120%
A-O
92/%;
37"
$33
"107% 108
$107'.. 108%
Jr.
J-J
.;
25
1.,,
,
G
Extended at 4%
&
108
M-S
V
195T
& Lt 5s
Milwaukee Gas Light 4%s
1st
1970
1966
3%s>_—
Radiator & Mfg—
stamped
Mengel Co conv 4%s—
Metropolitan Edison 4s E
4s
A
•
J-D i
.
.
.
28%
>'"
88 Va
52
64%
63
64%
1969 AAj-J.¬
Kentucky Utilities 4s.
Louisiana
■
"
M-3
;
1966
2022
Light.3%s
Lake Superior Dist Pow
J-J
J-J
,
91%
92%
J-J
1952
6s>
•251/4
22%
,
1957
^
6s
Superpower
V
25
$28 Va .30
J-J
.
...
■'/>' 25
>>
^
109
28
25
27%"
.
'
1957
E
99
■
M-N
1970
& L 3%s
series
A6 %s
,
J-JF-A ?
>
—1963
lien <te ref 5s_.
1st
Indianapolis P
104 %
,—1957
ref 5%s series B
Hydro-Elee
19 %
•
con
IIII20
see
Jan
1 Va
15
3,400
Westmoreland Coal
For
18% Mar
14%
2 23
Maryland Ry 7%
Western Tablet fc
1%
preferred—" ' •
IIIIIIs
HH j
Grocer Co
Inc
18%
1%
IIIII'Ha-
V7entworth Manufacturing
West
18%
104 Va 104%"
104%
105%
Middle States Petrol 6%s
~~~*
Knitting M-.lls
Feb
104Va
105% 105%
Kansas Gas & Electric 6s__
3%
79
101% 104
103
105 •'
Kansas Power &
Jan
73"
74%
73 •
103,
J-D
ref
Jan
Feb
43%'
1956
A
Jan
Jan
43%
100%'
5s series C
Jan
8%
Class B
43%
99 "
98%
106%
37
'
106% 107
1st &
.
3%
Wayne
43%
41%
36%
106"
Indiana
Jan
•
Waitt &
41
;■
A-O
1st
Feb
1%
>
Jan
1 'A
3 %
61,
..
Wagner Baking voting trust ctfs ext—•
7ci ■ preferred:
.too
Co_
102%'
105%
43
A-O
6s
Aircraft
99%
107
43%
1953
McCord
Waco
101% 102%
J-D
Jan 1949 /
Jersey Cent Pow & Lt 3%s
Kansas Electric Power 3yas
$4
101% 102
102%.
Light Corp—
Power &
Altaltan
Valjoa.
104%'
101%
.
1st & ref 6s series A
Feb
2%
975
105%
103%
1106
A-O
B
series
fis
Illinois
.
23 Va Mar
20%
I;-'.'
1105% 108%
A1033A 104%
M-S
M-3
J-J
F-A
.-Jan 1949- v
Hygrade Food 6s ser A
Feb
Jan
10,700
1958
—.—1966
Feb
18
550
23%
23
k.
2%
21
Feb
18%
,
120%
150
105%
deposit:
Houston Lt & Pwr 3%s
8% Mar
>
l
Utah Power & Light $7 preferred
Jan
115%
119%
150
197
West 6s
&
Guantanamo
Jan
2%
2%
Pictures
:
%
Jan
of
Certificates
'
8%
Universal
Sugar
Jan
2%
8%
-
■
107%
114%
:
i20;
1119%
J-D
1945
Grocery Store Products
Jan
2%
■/
—
,
8
Utah-Idaho
1%
8%
■
Insurance
common—
3% Mar
'
■
,
1963
82% Mar
Jan
1%
3'/a
'
Universal
Voting trust ctfs'.
Universal Produces Co
Feb
107
'
—
114% 115
23%
1150% 170 :* ??"
J-D
vt
:«1950
Jan
U
1
86%
J-D
1948
1978
^...1965
-
Nor Power 5s
Jan
5%.
:
10
x43Va x43%
4s
Green
Jan
Specialties common
Foil Co class B
107% 107%
J-J
Great
Jan
S
Preferred
'
88 £
88 '
A-O
1953
5s
4%s series A—-1941
Grand Trunk West 4s
1950
Jan
United
U
29
85 >/v
106.
•'
" *
(Adolf)
AGobel
Jan
69
1,400
23%
28
M-S
Co. 6s ser A:.
Coal
Alden
Glen
Jan
yVvV/Vf;.''
•
16
M-N
1969
3%s A—-
Serv
Pub
General Rayon
Jan
%
•
v
Bank—0 •
--——1961
Georgia Power & Light 5s_—
Feb-
Feb
I
—1954
5%s
stamped
6s-5s
Jan
90
%
Water Service
Gatineau. Power
:.
%
%
29
29
198
M-S
1952 -
El 5s
District
Federal
100
Sharing—
preferred
29
27%
88
M-S
F-A
M-S
-
-
Finland Residential. Mtge
63'A Mar
37
4
Profit
27%
107%
M-S
-1956
——2030
Water Lt & RR 5s———1956
Jan
35»A Mar
dep rets ord regis
27%/'
27%
F-A
J-D ///
1955
3%s—
Packing
Power
Empire
& Jan
Feb
57%
—
—
29%
11
:
'
-
A-O
i—->_1944
Tobacco 5s—
Elmira
'
.
29%
23%
M-N
& Light 5s
Jan
%
.
23%
187
29',
"
Fuel 4s ser A;
"
•
United N J RR & Canal Co—
United
121%
:.
>1954 '
Eastern Gas &
% Mar
%.
29
154
29
29
J-D
J-J
1——1958
5s
Electric
Mar
'A
-1976
^ ;
mtge 4%s
Cudahy
Co Ltd—
Molasses
Amer
s'
Jan
-V
Consolidated Textile 5s stmpd—1953
Cuban
16% Mai¬
Feb
16
Feb
32
XII6V2
62%
•
1% Mar.
1,450
V2
:
A
Continental Gas & El
94% Mar
Jan
33
70,200
4,700
35%: 35%
62%
3
Jan
175,400
%
y
61
-v
2Va
118
%
•
-V;
23%
29
27%/
J-D
1969
:
City)—
(Bait
Gas
Consolidated
Feb
"16% Mar
Jan-
80%
50
1% ■-''3
117 :
Jan
/•'
14,600
Va
1.6%
%
•
participating preferred
$3
590
3*2
16%
'
1% Feb
89,400
•
1 rt
United Milk Products——
United
.89
•
preferred
1st
1%
94%
1%
1%
89
A
—
Feb
9 Va
Jan
59
;
vV." J.'"-
;
class B
Common
,6%
,
;
■
A'/'V
1971
——
„
3s ser P
mtge
1st ref mtge 2%s ser Q
'
Jan
14%
200
16%
16%
'
warrants
Option
Feb
ref
1st
Gen
16%
*
United Light & Power common
7%; Feb
~8
1,700
8%
8'A
>8%
%
non-voting
1st $7 preferred
AV-x- Jam t v;
2,100
series N
3%s
/
■
v
•
1
United Gas Corp common
1* Feb
4
.
"':
2T%
/F-A,
A-O
" A-O> >
M-N
J-D
,
M-N
1958
5s—.
Debenture
•
2% Jan
5%
—
United Elastic Corp
'
Jan ^ ^
'
*
preferred
$5
v
•
1 >
—
♦
•
10c
Investment common.—
Union
United
63/a
>
Jan
2%
•i-
r
-84%;
"79%
275
•
J-D
A-O
M-S
———
Service
Conv
Jan
2%
500
ice
M-3
• '
1952
1955 •
—Jan 1966 •
-—-—1950.'/
—_:
'
jan
1,400
2 Va
104%
101
"
5%s-——1952 :
5%s
1949 Connecticut Lt & Pr 7s A
1951/:
Consol Gas El Lt & Pr (Bait)—
3'A
>:>/ 3 Va"
'V15
108%'
27%
J-J
M-S
J-J
Cities Service P & L
i—V
105% 106,'
84 '" / 84%
101%
—
Udylite Corp—
Ulen
Realization
127%
no
A-101,
Jan
4
600
108%
125%
■■
28
s;-
J-D
M-N
J-D
—
:7/a
\l
2,600
6%
Va
6
.
107%
1
'
1970
—1953
-
4%
18 Va
•
21
127% 127%
104%
1948
% a5v2s
1954 V J
Central States Pow & Lt 5%s—-—1953
,
109%
104 Va
; 84%
M-S
5s
107,
107%
■
J-D
Jf-N
-
106
103%
"104%"
108
105%
1——1968
Power
U Jan
.,
103%
105
57
t99
V
High
Low
8
J-0
El & Gas 3%s—1964
111
Central
January 1
"
;i08%
—1962
3% Mar
'v'vB
'•'"'•iiiU
*
1
•
Jan
Jan
,
Jan
Range since
No.
■;':".v2
T04
104%
Q-F
A-0
6%s
Northern
Canada
10% Mar
1%
High
.
107% 107%
M-S
6s —————--1998
Bethlehem Steel
Bickford's Inc
Feb
114
1,700
1,200
23%.
.
u
—-—1957
1960
-
_>
—
Birmingham Electric 4%s
Boston Edison 2%s
9Va Mar
20-
231/4
-
Jan
4%
Jan
C
series
Jan
60
>
Feb
,,108
J4
••*
''
3%
3%
1st M 5s series B
5s
3% Mar,/';
•58
3%
Bonds
Sold
•
106% 106%
Af-3
J-J
F-A
A-0
F-A
M-S
4%s
deb
ACentral States Electric 5s
10
".'• % :'/»%/:
Jan
IV4
8% Mar
Mar
Week's RangeA
.
7% Mar
9Va
Jan
■Jan
-:
fl02% 104
J-J
3-D
J-J
,
■"■%>'•■
>-—.-1948 '
1949
AConv deb 5s—.
—1950
ADebenture 5s
.——1968
AConv deb 5%s_—
-—1977
Assoc T & T deb 5%s A———1955
Atlantic City Eiec 3%s
———1964 ~
Avery & Sons (B. F.)—
5s without warrants
—1947
>>'•■•>">.. i,
A-:.,w::n- £■'■■•< V?:;'?'/
Bell Telephone of Canada—
22% Mar
Jan
/ 58
Jan
3% Feb
210
108% 108 Va
Jan
l
i >
H
/
60
59
60
f
Jan
6%
Jan
rv
6%
..
V
Jan
14% Mar
117
19% Feb
700
4%
4%
/
30
>■?/
59
59
-
—
1%
Tung-Sol Lamp Works
80c convertible preferred
Jan
7'/a
warrants
Inc_
Trunz
Jan
114%
24%
Feb
12%
40
21%
6 Va
10
Transwestern Oil Co_
23%
3,000
116
~7%
•
100
—100
1
1
Shipyards Corp
Toledo Edison 6% preferred
7 %
preferred
Tonopah Mining of Nevada—
Todd
300
14%
13%
115
116
5% Mar
Jan
24%
24%
14%
•
Texas Power & Light 7% pfd
100
Texon Oil & Land Co
2
Thew Shovtl Co common
5
Tilo Roofing Inc
—1
Tlshman Realty & Construction—
1
Tobacco & Allied Stocks
•
Tobacco Product Exports
*
Tobacco Security Trust Co Ltd—
Amer dep rets ord regis—
Amer dep recs def reg
•
5
7%
"2%
'
'—
;--or Fridays
5Associated Gas & Elec Co— A-
„
200
4
7% Jan
!
AConv
5%
Jan
110%
Jan
Jan
Sale Price Bid & Asked
•
1956
/
A-0
—-—.1953 * *.•: J-J
5s
A Conv
5'A
—1961
-—1970 V
2024
6s
Pow
Lt
&
J-J
J-J
J-J
M-S
-
—2018
deb 6s_
Paper
Elec
Pr
Associated
Jan
•
18
\' r}
Jan
6Va
Jan
,
Appalachian Pow deb 6s
Arkansas
Mar
12%
51
100,
11% Mar
".
Jan
7
>
2,800
2%
.
Last
•
Interest
Period
——1950
I960
1970
debs
Appalachian
19% Mar
52
~2%
Friday
f deos
Amer Pow & Lt
Feb
20 Va
14"
50
17%
250
52
:
—
—
f debs
8
3%s
3%s
V,: % Feb
Feb
2,100
23
7%
1
American Gas ft Electric Co.--
Amer
17%
Feb
3%
3%
900
300
7%
7...
Jan
i
10 % Mar
:
13% Mar
'
Feb
10
Jan
10
>
'
Low
4% Mar
Jan
% Feb
■■'A
.
"
Week Ended March 10
"
625
10%
9%
Jan
5%
3%
Curb Exchange
New York
Feb
10%
Jan
8%
3,000
2
1%
1%
300
4 Vis
4%
;
Jan
9
700
10'/4
46%
Jan
-
Jan
110%
—
'
5% Mar
Jart
12
75
11%?:
__
BONDS
Jan
14
Jan
4 5
11%
53 % Mar
Jan
13%
100
Feb
V1% Mar
■■
53% Mar,
800
9%. Mar
8,%
M''Liiv-'.
.
-£l
—'
Ltd—2] J
Preferred
Wright Hargreaves
16% Mar
Jan
■
:r—
High
;
Jan
8
400
13%
.
.•'r—■■■
Low
3
:
300
9
8%
13
50
,
8%
16
Jan
1%
Feb
;
13 % '
pfd„100
10
—
6 fo
Jan
9% '„'
(F W) Ltd —
deposit receipts—-——8s
American
■ft Jan
Jan
48
300
4,500
8%
Jan
,
Woolworth
Mar
63
Jan.
r
Woodley Petroleum
Jan
%
Jan
Jari
9%
9%
25
16% V
*
Portland Cement
Jan
%
Jan
'A
54
100
A
Jan
•"
16%
•
1
Heating
Feb
1,000
10%
% conv preferred
Superior Port
Products
Willson
\i 19
Jan
700
1
-
Jan
Co
&
>
Range since January 1
High
Low
1
Oil Corp
C)
17%
550
is
Cement class B com
Oil Corp
Sunray Oil 5 %
Swan Finch
"%
63
7%
—*
—•
Co_
(S)
~~%
59%
50c
—1
—■
(R
•
fl
Corp
preferred-
$1.50
Williams
108 %
1
1
•
Stokely Foods Inc common
Wichita
Jan
Winnipeg Elec common B_
Wisconsin Power & Light 7%
1,700
17%
17 %
20
1
Co common
Weyenberg
Feb
2
300
1
ctfs„1
.
•
*
—
1
-50
& Co common
(A)
Stein
Jan
1%
'.
V ':>
Shares
10 •
•
Shoe Mfg_
2%
River
Sales
for Week
Range
10
7%
18%
1,300
Corp voting trust
Bterchi Bros Stores
Jan
Week's
of Prices
Par
Feb
Jan.
10
Westmoreland Inc
Jan
16
1
1
Canada.
Steel Co of
iff
2
2
—
Standard Tube class B—
Starrett (The)
2%
4%
Ended March
'■''v.;:'
High
:•>.$.
Jan
600
..
19%
18%
.
Preferred
6%
6%
-1
20
-10
100
1
Standard Dredging Corp common
200
3,500
l'/a
V
2.78
-1
10
3%
2%
2%
Inc—.
Standard Brewing Co
1,200
3% >> 4
*
Corp
Spencer Shoe
Stahl-Meyer
low
High
Exchange
Curb
York
Week
Range since January 1
Shares
of Prices
Low
Par
New
for Week
,
Friday
Last ,,
Sale Price
STOCKS
/
Sales
Week's
116
118
II21/4
112%
17
.
a-
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4263 yV/
159
NEW YORK CURB
yy.•;•
March
Week Ended
Last
Interest
Low
New
Eng Gas & El Assn 5s
5S
,
,*
Conv
deb
5s__
New
76
76%
.
Low
;
72%
78%
Tide
78
Toledo
63
72 'A
78%
Twin
j'
Lm*
\■
■
:
99 Va 100
'
107
'
164
100% 101
44
.
;
Public
Orleans
AIncome
N
6s
Y State
Elec
&
3%s
North
—2004
r
Ohio
1st
1st
Utility 5V2S——1948
J-J
mtge
3s
'■
f'
'
mtge 3 %s_v>L-.i
.
*•
^
A-0
!
Electrio
N
Power
1st lien
Oklahoma Nat Gas 3%s B.—Aug 1955
Park Lexington
■
5s_.
1st mtge 3s
-
...1970
3'As
s-Philadelphia
Elec
Philadelphia
Portland
a 5s
-
5Vis
Power
Rapid Transit
Coke
&
Gas
F-A
Potomac
4 Via
Edison
107%
96%
98%
Penn
-$110% 111'/a
110%
110%
■:
107'% 108'/a
107 %
108%
104 'A 104'%
103'%
104'%
$104'/a 104%
114%
115%
A-O
F-A
2022
114
A
Af-N
7i-'77:7~ ;!■ 7
1954
J-D
1964
J-D
2030
A-0
i960
5s
M-S
1951
5s
Traction
IA York
A
112% 113
111% 113
%y
J-D
31%
28
31%
108
108
24%
r'
7'7
F-A
109
108%
108%
$109
1 ;;7
-.
109 'A
103%
117
116
118
100%
100%
$100% 101
7#
•'
110
$116
.,y
-
.
31%
107%
$108% 110
F-A
$87%
89
85
94'%
97
97
96%
97%
97'%
97'%
96%
98
'
Rys
Co
Stamped
5s
stpd
..1937
J-D
1947
J-D
5s
:
1
.
.-■
117
106
Penn
104%
;>
-
debs
Electric
.
A-0
97%
108'A
107%
$114% 115%
■
__
'107% 107%
3
101% 101%
''S3
U-N
—..1961
100% 102%
110
*
Af-S
'4
$111% 111%
"w-w.
96 %
'
"
—
111%
92%
5 " % 4
96'%
Foreign Governments & Municipalities
112
111
111% 112
A-0
4'%s B___L—.1959
(Can)
40%
108%
J-J
.
...1956
E
5s
F.™—______
series
Corp
21
97'%
.1
stamped extended-...;.—..1950
Power
108%
J-D
6s unstamped extended to
1959
6s stamped extended to 1959
107%
106
Af-S
6S.....1962
Co—'
40
105%
$107'% 109
LL
r
107 Va
97%
Western Newspaper Union—
# 106% 107%
$108% 110
~»v
J-J
1972
105
1
104
4
J-D
—.1959
series
High
102%
107% 107%
107%
17
Co—
Light Co-
6s
Low
102% 102'%
1952
&
income
West
103%
103'/a
27
>
107'% 107%
,.
F-A
Range since
January 1
Sold
NO.
1949
4s
Wash Ry & Elec 4s
y Wash Water Power 3'%s
West
102%
41%
$40%
J-D
Pennsylvania Water & Power 3'As_1964
■
.-106'% 107
M-JV
Af-N
5s
J
Bonds
High
1952
5 '/2s
Waldorf-Astoria Hotel—
104% .108
5
104 % 105
J-J
..1964
...1979
1st
109%
19,
103%
103
■K
106
107%
5
104% 104%
%
103
.
Central Lt & Pwr 4'%s___l.__l977
Penn
'
104
F-A
F-A
Light
5%s
A
series
A 5s
105%
106W
Friday's
or
Sale Price Bid & Asked
J-J
104%
108%
&
cons
Debenture
104
108
107% 107%
A-O
1948
1955
&
&
Utah Power
95
11
12
$106
F-A
Pacific
86%
104%
104
Ii A|S
v:
.1962
4
1979
..1968
City Rapid Transit
6s
115%
108'% 108%
104
5s
3'/?s
Light
105%
115'%
.
81
90%
90 y8
Oklahoma Power & Water 5s
Power
$115%'.-:
A-0
1968
U—
V-.,
:
Af-N
—1971
....
'
t
Ohio Public Service 4s
'•'kkimi,
Week's Range
Last
Period
United Lt & Rys (Delaware) 5'/2S_1952
United Light & Railways (Maine) —
103%
110
104%
$105% 107%
J-J
Gas 1st 58——1945
Power
101%
:*<r
Power
Edison
United
101
109
$103% 104
$109% 111
J -J
..1954
5s
Continental
Ogden
*
\
Af-N
__19b4
,N Y & Westchester Ltg 4s
Debenture
J-D
1949
Nov
A
Gas
Water
United
100
Service—
series
Interest
10
108
95%
97%
•
New
Friday
Fxchange
March
Low
72'%
99%
■
Curb
Ended
High
64
100%
A-0
J-D
__
,
76'%.
r
$107% 108%
M-flf
England Power 3'As
1S61
England Power Assn 5s
1948
Debenture 5'%s,
_—___1954
k
Week
47
75%
New
%
No.
York
1
76%
76
76
Af-N
.1950
____
,
■January
76%
76'/a
J-D
1948
Range for
Sold
High
M-S
—1947
~
BONDS
Bonds
Friday's
or
Sale Price Bid & Asked
Period
10
EXCHANGE
Week's Range
Friday
BONDS
j Vyy^?7yy
New York Curb Exchange
s; i-,;.-.
96'%
Public Service Co of Colorado—
1st mtge'
J-D
y,
;'<•>
Sinking fund deb 4s
i-.
Public Service ? of New Jersey—r
6%
perpetual certificates
•
%
109
104% 104%
H
M-N
J-D
CO
148
A-0
__1979
Harbor
Water 4Vis—
104%
BONDS
106%' 109
1
:
N*w
105'/a
Joatags Lt Jn Pwr 6s B_—..1952
'ASchul46 Deal Estate 6s__——~ 1951
i
^
fe ;, $-70'%
.«..»
••
I
5"j"r
137%
■Sheridan
Carolina
South
California
Southern
98'A
California
-Southern
109'A
110%
127
i'.'-':':'
128
73 %'
__
Bogota (see Mortgage
ACauca Valley 7s
.
91%
3
15
91
105
•105
89
6
104%
104 7/a
105
105%
104
105%
107.
Danish
,
105%
104'%
105'%
$104% 106
1st mtge 3s
Indiana ^Rys
'Southwestern Gas &
105 % 105'/a
.'3V4sL.__.l970
S
M-S
A-0
1043a
•
23
104% 104%
Spalding (A G) deb
!<-
Debenture
Standard
r.
72%
'id -:V>-'3=v
103'A
-
104%
21
83 '/8
89
64
86%
52%
51%
17%
52%
18%
62
62
60
60
20
F-A
;
21
90'/a
89%
90'%
89%. 90.89'%.
-
89
"■%
J-J
M-S
$16%
17%
171%
M-W
$35
36
34%
68
90
.87
..
20
,110'
V..W
.
37
13
ARio
90
,9086'A
89 Va
.
$23
vy ■ L.' ..;.',
26
.106
MrJV
25
1
■
19 Va
19%;
19 %
18
118
"
36
li;
17
17
58
61
35
M-8
'35% "35%
33
J-J
$36
24
•>'
38
'
1919
sale,
x
J-D
1921
—
36
J-D
J-D
-■•
__1959
i
36 -
36
36
A-0
•
L>^._1958'
Government
19%
33%
"
Af-N
-
'
-20
'
4%"".-4%:
''"'"4'L",, 4%
J-J
Deferred delivery sale,
Ex-dividend.'
*:
' " '
a
d Ex-lnterest.
'
.
3%
3%
Odd-lot sale,
e
n
Under-the-rule
-.'"'v ';-
•
?Frlday's bid and asked prices; no sales being transacted during current week.
4Bonds being traded flat.:
«
:
,;
'"
.
y-
;;
,
SReported in receivership,
•
-
1
•
,
1
,
>
-
.
<
t
— t.:
LyL-rvSy,
107% 107%
J-J
J-D
*
;
>
•
y
105%-106
,•
i
im'ul.
■
Cash
;;-'iii''
,
:: $24
A-0
.J-J
(State)
•No par value,
.r
;
.1958
Janeiro-eVis^
A5'/aS
.
30'% *-37
>
de
ARussian
86'%
-
89%
,
35
.90Va
86%
■
;
36
A Parana
90%
86'%
34
-
y8
18
L'
7s
$10
90 '/a
---89%
1
High
'
P~t
2022.
A
series
1953
;.
90%
89%
-89.%,
-
J-J
55—l—>---1956
ii Light
iTexas Power
52%
M-N
...
108
.
SsL4_LlL_l1960
Electric; Service
Low
$51%
J-D
AMedellin
7s
stamped
1951
Mortgage Bank of Bogota 7s__
1947
A Issue of May 1927^
LVAIssUe of Oct 1927
A Mortgage Bank of Chile
6s.____.1931
Mortgage Bank of Denmark/5s—__1972
81
106'%
deposit.—t.LL*.L-L-
2nd
7-4s
Texas
5s
January
No,
1 • >
;
^_^__^_1955
Extended
103% 104%
89
.
90
F-A
(Hugo)'..Industries-^-? % r "yyyy
fitamped__L_^-LL-.w.._1946
Stlnries
6s
■:
.
A-O
*
stamped-L-L-wL*...^.^—1946
3d
Certificates /of
-89%
-
: F-A
-
5sJ_.L^l—1-L1950.
Corp lnc
A*0
j-o
of)
1948
5%s
Range Sinoe
Sold
High
*>'• -v.,'
108%
89%
86
.
-
J-D
6s__L_._-1957
6i> Light
Power
li Stitmes • IHugo) Corp--v:>
7-4s
88
"90
.
F-A
.
4debenturesLiLLLLi^iLLl957
gold
•AStarrett
•5
■;
13
>U76%--77%-v..103% 103%
A-O
-
6s^^^^L_-^LJDec l l966'
;6s
2
$106'% 108'A
A-O
:
.6s__'_-_j.-il_i—L_u_1951
Debenture
^
-76%.
.
*v
M-JV
5s._—.L^LiL1989
7
y
$103% 105%
■
Af-S
„
iM&f T948
stampedi-w.i—May '1948
-Conv -6s
*
'
J-J
: F-A
(stamped)
•
Bank
Bonds
Danzig Port & Waterways—
AExternal 6%s stamped
1952
ALiina City (Peru) 6%s stamped.1958
Gas '& 'Electric—r
Standard
6a
108 '/4 108%
-
F*A
;4sLLi__Li'LLl951L
Elec-3V«s_L_L^1970 L
& fL-86__--L3L___2022.
P
-Southwestern
Friday's
or
Sale Price Bid & Asked
AMaranho
.
...J-J
(Calif)— y
t-'
—-:___1971
,Southern
Week's Range
Last
Period
92
105%
104%
Counties Gas
Gas
Interest
.10
Agricultural Mortgage Bank (Col)—'
r
A 20-year
7s
April 1946
A 20-year 7s
Jan 1947 *
100%
7
•'
■
104% 105'%
105
.
A-O
3s.L_.1965
Edison
-Southern
i,
.
J-J
5s_.i__—L.1957
Power
'
A-0
6si__;—-.1947-
Coal
Wyoming
Friday
Exchang*
March
Low
'
A-0
Scullin Heel lnc mtge 3s
——1951
Bbawinigan Water & Pwr 4'%s—1967
1st 4%s series D__;____i~—..1970
'
Curb
Ended
149'%
5
99% 100
$127% 129
--
_VD
••
28
149
110% 110 %
.
Af-S
San
*
York
Week
.
Queens Borough Gas & Electric—
6 Via series A
______~1952
■Safe
6
109
109
J-D
1949
■■
7
v.
118
10478
106%
107
117%
108'%
118
;
Abbreviations used above—"cod," certificates of deposit; "cons," consolidated; "cum," cumula
-
tlve; "conv," convertible;
"M," mortgage; "n-v," non-voting stock; "v t c," voting trust
"wl," when issued; "ww," with warrants; "xw," without warrants.
;•
OTHER STOCK EXCHANGES
March 4
March
to
10 both inclusive,
compiled from
Week'a
Friday
Last
■
Sale Price
S TOOK S
Par
7
'-
Preferred v
Consol Gas E L &
8%
Power
cpm-rL_—y*y.
Eastern Sugars Assoc com v' t t-—_il
Fidelity & Deposit Co___LL_'-.Lli.L_20
Fidelity & Guar Fire Corp-.-——.10
Guilford Realty Co common
I1
Houston Oil of Texas 6 Vtf ;,pfd .vtc——25
1.25
«%
67
■
__
10%
Boston
Range since January 1
Low
15%
290
•
70
11%
-■
44
18
Feb
Jan
<1.75
10'%
7%
Jan
Jan
68
• >
11'% Mar
1.50
28%
28%
28%
\.Me*chantjs-'&'^in'e'r^>T)^s^VLL^2i-*;v:v
'.
Preferred
28%
220
:
200
.
76
■'■■'65%
.
'
_
81
-
;
:
__'
100
37%
L
.
76
•
■
132
6%
preferred B_—
1.50 Mar
5%
preferred
28'% Mar
Eastern
27%
Jan
Jan
99
65
Bonds
-
-
78
81
,28
25
: Jan
10
100
Feb
General Electric
*
36'%
37%
35
36
•
913,
117.
35'%
Jan
33%
'
"■
Jan
Jan
•
.r-f
.
Baltimore Transit Co ,4s__—
53 Va
$1,000
53%
65
100
27,000
Jan
51
500
101% Mar
Jan
59%
L-8,300
IOOV2 100 J/a
29,Vk 29%;
:
.
IOV/2
63 V8
1975
(__i_._1975
i
5s series B_.i-_._-——.....i—1975
Georgia & Alb-.5% ctfs ,;of .djepli__1945
5s series A
:-t
Royale Copper
Copper,
Lamson Corp (Del)
Jan
54%
Central
29% Mar
102
Jan
-29% Mar
.
•
-
^
.'.•".<V v"; :■■■';v'V:
&
•
Kjg;..;
Tel
'Jf
■
:..v'K■
American Sugar Refining^
Anaconda
'
&
&
100
100
Elevated Ry
Traveler Corp
7 °tr
'■
30% •'■
13%
8%
>105
77
Mar
21% Mar
Jan
•
29% Mar
,
10V4
32%
L
36%
9%
'9%
8%
Jan
13% Mar
35%
Jan
39%
Feb
37%
J
10V8
Feb
75c
Feb
1,320
146
,y
34% Mar
7%
65c
•
Jan
Mar.
65c
'
65c
25
78%
78%
43
78
Jan
82
10%
■
J
332
39
35 %
9%
725
.
*
262
12%
38%
V''v'."'
10% i
15
10
Jan
10%
130
1
Jan
360
30
Feb
'
1%
1% ;;
y.v
\*:y
•
7
3 77
-*LL\ 7'
'
1%
30%
31%
3
3
.
5%
113
;y'?,
34
1
1%
51%
52%
6
Jan
60c
Jan
35.
,*47%
Fe
Jan
3 '.' (Mar
Jan
.3%
23 %
1,053
52%
1%
32
Feb
150
36%.
1
2%
719*
5%
34
;
.
Reece
Mining
9%'
9
12 ?■
—*■;
Co.—-i—
13
750
y...
29 %
25
.*
•
30%
28%
28%
Mach—_ —i*
Hole
Button
9%
12%
-
50
Range
32%-
29
High
Feb
•
•
32% Mar
.317.
.
524
...
36%
1% Mar
52 «/4
Jan
1
.
11
.
10%
Jan
7
13
.107
Jan
j
45c
Jan
,
45c
Feb
30c
Jan
75
10c
Jan
210
25%
Jan
798
25%
Jan
100
;
86c
Feb
..
1
9 J/4
Feb
104%. Mar
.11%
1,647
29'/a
694
Feb
26% Mar
11%
Jan
14
-Mar
215
96%
Jan
115
Feb
U
2,446
111
24%
25
32%
Jan
Jan
Utah
footnotes
see
pfd
stamped—100
page
1071.
'
Co
.
100
11
9%
Jan
;
Mar
30Va Mar
29% Feb
1%
11
Jan
Mar
Prutt
Shoe
United
6%
8
5
Inc.———
Drug
25
Rubber
Jan
74% Mar
Vermont & Mass Ry
Jan
20% Mar
Waldorf
Svstem
Warren
(S
38
-
39%
7'A
8%"
7%
7%
7%
;
8%
8%
8%
7%
7%
1,345
"
633
5
8%
8
.
'
'
'•
26
Jan
-
4
3'%
>
Jan
Jan
41%
•
Feb
•
•'
&
D)
Tunnel
1
Co———r
lnc
•'•"
•
•
Westinghouse Electric & Mfg
50
Jan
13%
9%
Jan
Feb
659
8%
Jan
50
32%
Jan
34
Mar,
25%
26%
28
Jan
13
79'A
45%
24c
114
n%'
11%
114
.
.
23
23%
96'/a.
61
61
Jan
69 %
Jan
74
Jan'
43%
Jan
44%
40%
Feb
45
19c
Jan
26c
.29.
.
110
Jan
Feb
% Mar
114
Mar
Mar
115
_..
.
10%
Jan
12% Mar
.200
20%
Jan
23 % Mar
214
12%
93%
80 lA
3,300
■
_
13% Mar'
Jan
240
43%
22c
22 c
Feb
981
.....
73
43%
44'A
:
Feb
12%
75%
25
79%
71%
72%.
■
25%
84
498
881
13% \
77%
•13%
100
•
Co
12%
9
91%
Feb
96%
Jan
8% Mar
7% Mar'
150
5
Jan
8%
Feb
306
"
'
170
13%
34
8%
10
19
Metal
'
Machinery common—..25
preferred
67
35 V4
5
•
640
33%
;
Co,
945
:
12%
34
9
34
——
% Mar
Va Mar
5
Va
%
•
«...
—
Drill
Twist
159% Mar
'■:.
•
Wehster lnc
20'A
100
1st
Union
Feb
100
Assn.
A-
United
155%
pfd
73'%"
7%
E
Stone
Torrington
2,707
14
110
LOW
21
-
26%
;'.fl
Range sinee January 1'
-
158% 159%
L;
Shawmut
Shares
High V
32%
>;•
Rutland RR Co 7%
19%
100
:
100
For
350
1
L
69'A
100
class
10
—lOov 1C4'%
104% 105%
2.50
37c ; 42c
•; 40c :
-.y;12c
12c
—100
RR
69%
39%
pfd
class D 1st pfd stamped
4%%
Mills
20
100
1st
class C 1st pfd stamped—
10%
10
■
33
1st pfd stamped_.__._100
Stamped
7 f/o
Jan
■
33%
*
prior preferred...
class A
B
lists
RR—
5%
class
111
Sales
for Week
of Prices
14
.100
Herald
;
Jan :H
13
•
5
—
Colony RR
Quincy
•/>.•:
25%
__25
L_
& Maine
■'
159%
*
Albany RR
Boston
■•/:8%
Exchange
Week's
Low
50
—
Edison
Boston
Last
Sale Price
_.L__._100
Inc..;
Boston
;;
Par
Tel....
Copper
Son
Boston
Boston
Friday
V
STOCKS—
Bird
54
'
V
American
Jan
92
;
1
t C——
Mining
Pennsvlvnnift
sales
39% Mar
67
•
100
v
England Tei & Tei
Pacific
March 4 ,to March 10 both inclusiv e, compiled from official
-
■-'
"
68
Jan
'-73-
■
common—..—.100
Narragansett Racing Assn lnc
Old
'i
RR
Nash-Kelvinator
North Butte
i .'''
Jan
32%
%
Mergenthaler Linotype uLi.-L_L--i._L.*;; '-1
New
Boston Slock
56 %
350
5>
common—
Associates
Util
2 '
.
81
*
-
77
•
—
preferred
Mass
6%
•
Feb
;'65
100% Mar...
.2,000
Jan
:
Co-_'__i_r.__.10
15
Kennecott
5 %
101
Razor Co
Isle
,,4;
Jan
1% Feb
205
-
68
39%
30'/a
Int'l Button Hole Mach
Maine
,
5%
21%
Hathaway Bakeries class B—.—i—*
$7 conv preferred——
—:
Mar
17%
1°::
.*
——
Jan
36"
Feb
76-
—
Service
Stores..
Jan
.;.v..f
indent;5^^-;--—--—.
Association
Group
Public
National
Feb
41
-
'
13%
21
•
26'A
64%
$'
76
%
Mar
100
7%
21'/a
.
J
Employers
First
84
,
Jan
200
100% 102
;
76
Jan
25%
100
Feb
6%
70
2
38
*
common.^
Mar
'
Atlantic • Coast -Line Conn—- ;-_:1
lnc
32
Jan
67%
100
29 V* Jan
:
Jan
42%
91.
6%
2
100
100•
adjustment
Lines
SS
Engineers
.
6
--
;
100
1st preferred series A—
30
ii
. '■
-
14
Jan
116
17%
6%
Jan
28%
Street Ry—
6%
Feb
r:.
Certificates of
Eastern'Mass
Jan
45
Feb
High
■f
12%
10
38%
•
—100
150
81%
25%
•
5'A'% preferred-—lOOyy
,fT S Fidelity & Guar
__—___50;
.Western' National 'Bank*—rlL—"
•..
prior preferred..—___L
preferred
Jan
27
Low
360
13%-
-
38%
6%
16%
6%
*
_*
—
Feb
1.50 Mar '
'
,100
31%. 31%
__
...
Casualty—2,
4V2%
6%
Range since January 1
High
Gat» & Fuel Associates—
43
8.-
.
New Amsterdam
^
13
10
Co
Range
13%
5
:
Common
■
*
—100
Gillette Safet.v
Monongahela West Penn Pub Serv— 1
preferred:
Moore iTom) Distillery.jL-__i2_Ll_L2S
Mt Vernon-Woodbury.Mills—,
Phillips Packing
Copper
.Eastern
'
1.50
_v___
RR___
Shares
'
;
Service
Cities
Jan
.
Providence
Calumet & Hecla
Jan
Feb
&
142
20
'
8%
66
700
...
High
Jan
1.05 Mar
*983
144
44
Low
Personal Prop Trust—_1___
7
Sales
for Week
Range
of Prices
lists
Boston
350
9%-
144
144
-
67%
.
sales
\V,IN'. ••'■':
17%
1.05
v.t c-—----*
t c__i--L_---10O
common
official
Shares
High
17'A
17%
Arundel Corporation
Bait Transit Co
Last
ale Price
f»r Week
r
of Prices
Low
STOCKS—
I ~ Sales
Range
Week'»
Friday
Baltimore Slock Exchange
5
Jan
8%
Feb
112
5
Jan
9s,s
50
6
Feb
7% Mar
Feb
BONDS—
Boston
lnc
&
Maine RR—
mtge
4%%
series
A——1970
$1,000.
52%
Jan
61
Mar
Jan
104
Jan
Eastern Mass Street Ry—
4%s series A
.—.—1948
104
104
1,000
103%
1944
Monday, March 13,
FINANCIAL CHRONICLE
THE COMMERCIAL &
OTHER STOCK EXCHANGES
Week's
Friday
-
Range
Last
Chicago Slock Exchange
March
10 both
March
to
4
Friday
Last
Range
"5'A
Aluminum
Washer
Automatic
class A com
Barlow & Seelig Mfg
Bastian-Blessing Co common
Belden
Co
Mfg
common-——-.
Belmont Radio
'
Jan
158 y8
Feb
5%
2,130
5
Jan
6
1,600
1
1%
Jan
6»A
450
DA
Feb
'1%
Jan
200
3%
Jan Zi
4'A
Feb
6JA
,
Peoples
Gas Lt
Perfect
Circle
15%
15
Jan
!,;- 15%
Jan
Poor
Jan
8%
9%
Jan
33%
37%
■:Z
9Vz Jan
37% Mar
'
•
class
& Co
23
14%
14%
Feb
16%
Jan
3%
3%
Feb
3%
Jan
Reliance
Jan
Jan
Sears Roebuck
29%
29
24
4%
Jan
9
Jan
Jan
.v
61
10 Ye Mar
i'b
Jan
58 3A
3%
25%!.
63%
Feb
20
17%
-111%
Feb
114
Jan
59
78%
813A Mar
Jan
7,950
25%
25%
3%
24% Jan
Jan
4%
Jan
Jan
26 3A
340
12V*
10%
12%
700
5
Jan
Jan
20
Feb
21*% Mar
4%
5%
21'/s
5 V*
21%
300
19%
20%
19
98%
93%
Jan
26
26
24%
Jan
2%
39%
7%
39%
12
Dodge Mfg Corp common.—
12
100
100
250
6%
6%
99 %
4,650
7% Mar
8%
39%
12%
Jan
Brewing common.———5
Jan
10
32
"
Feb
48 %
45% Feb
49%
Jan
13 %
11%
Jan
13 % Mar
13%
12
Jan
13% Mar
18 Va
Jan
Adv
10% Jan
46
17%
46%
46%
3%
46
Feb
200
16%
Jan
100
Jan
;
Jan
4
42
41%
Feb
42%
26 %
25..
Jan
26% Mar
44%
44%
42%
Jan
44% Mar
11%
11%
11% Mar
.4%
.4%
12%
Feb
9%,ri
8%
Jan
9%
Feb
■"
4%
Jan
5%
63%
Jan
69
Feb
37% Mar
5
,.5
68%
9%
68%
55"%
58
58%
2,450
51%
Feb
200
4%
Jan
'.Jlall
Printing
Co
Heileman
Hein
common
Corp
Harnischfeger
Brewing Co
7
Houdaille-Hershey
Hubbell
26% Mar
64 %
Jan
64%
Feb
60
56%
Jan»
60%
Jan
6%
Jan
37%
Jan
5%
5%
100
5%
Feb
36'A
1,350
35%
Feb
8
common
Motors
Hupp
Illinois
13
Jan
19%
Jan
16%
15U
8
12
13
-
8%
■ :
10%
v.
Jan
8
16%
Jan
3,900
11%
Feb
13
Mar
1,350
15%
Jan
19
Feb
26
Mar
18%
_•
18%
17%
18%
.......j, .1
_*
Inc
25%
25%
26
23%
Feb
41%
41%
37%
Jan
41% Mar
15%
16%
15%
Feb
16%
Jan
9%
Feb
10%
Jan
16%
Jan
18
Jan
_•
(The) common
"'v'v-
:>v
16%
.
Jan
9
common!
9
13%
Jan
16
Feb
20
1%
1%
1%
Jan
1%
4%
Feb
4%
16%
Feb
Indep Pneumatic Tool v t c
Indianapolis Power & Light com.
Jan
17
17
16% Feb
Joy
Mfg
Katz
Co
6%
Drug
Co
&
Co
Marshall
&
Field
Middle
West
Midland
to
March
10 both
16% Mar >
40%
900
650
Jan
Feb
45% Mar
73%
Jan
Churngold
14%
Jan
11%
Feb
6%
Jan
8
Mar
2%
Feb
1%
Jan
Feb
5
Mar
Jan
35
100
50
15%
Jan
Jan
4% Mar
4% Mar
Jan
23% Mar
22
Jan
26%
Feb
Feb
llYa
Jan
99
50
103% Mar
Jan
■
Jan
8%
Feb
19%
135
17%
Feb
19%
Jan
45
7%
Feb
7%
*
,iv
89
34%
30
:v
12
Jan
Jan
35
Jan
Mar
'■
75
■
•
common
__1
common
22% Jan
14%
Jan
6%
Jan
650
13%
Jan
5%
100
5%
Jan
17
Feb
18
29
Jan
34
•
10%
9%
Feb
*
10%
7,700
ft
ft
1,150
21%
400
6
Feb
8
5%
Feb
83A Mar
1% Jan
2 V* Jan
105A Jan
10%
j.
S.
*
class
A
Feb
3'A
Jan
39%
50
39 >A
Jan
34%
653
31%
Jan
34% Mar
33%
34%
5%
Jan
Feb
6%
Jan
58 y8
Jan
37%
'
•'
89
55%
314
10
10
6%
55%
55%
Printing
Preferred
Mar
109
6%
Procter & Gamble
U.
,
4%
4%
39
Magnavox
10% Mar
21%
5
capital
14%
14%
14
5%
__
31% Feb
Feb
Jan
Feb
33
103
18
34
7%
5JA
10%
10
I
8 Va Mar
4
*
Kroger
7%
11%
18
34
...
class A
8
33%
—
Gibson Art
_
7%
,
"
*
Jan
500
11
*
Fyr-Fyter class A
Hobart
23%
!'■' 10%
8%
34%
Feb
18
:■
ii%
.
Insulation
.
8%
50
69'*
# 8
*
Drug
Hatfield
8%
26%
11
Feb
Jan
8
177/s
19%
Feb
7% Mar
High
27%
25
io2y2 103%
•
Tissue
Formica
since January 1
Feb
25 V*
142
8%
Eagle-Picher
1%
100
Dow
> : Range
Low
27%
267/s
Cincinnati Street
Crystal
Shares
High
11
Mar
103
Jan
100
8%
—
_*
•
Crosley Corp
Jan
4%
27
Cincinnati Gas & Electric preferred.100
:
%
23%
Low
20
*
6%
4%
.
for Week
of Prices
Sale Price
'
8
6,400
1%
V
Sales
'
Range
Par
American Laundry Machine
Champion Paper & Fibre
7%
18
STOCKS—
Baldwin
3%
32
Week's
Last
Feb
100
1%
_
Jan
official sales lists
inclusive, compiled from
Friday
Jan
!•
lien
_•
8
7
8
8%
7
8%
750
•
2%
10
1
100
100
-
950
9%
2%
9%
2%
9%
3,250
150
ft Jan
ft Jan
Feb
21% Mar
19 y2
Feb
stock
Unlisted—
City
Ice
General
v
tC—
prior preferred
For footnotes
•
10%
213
37%
38%
16
13%
14
16 Va
16'A
54
81A
Jan
37% Mar
•
40
Jan
10% Mar
38% Mar
see
page
1071.
'
American Rolling Mill-
& Fuel
Columbia Gas
Hart—
Common
$1
54%
Feb
United Co—
prior
&
101%
23%
Convertible preferred A
Midland Util 6% prior lien
Miller
4
6%
34%
18
.
Feb
14%
;
Cincinnati Slock Exchange
March
17%
/,'
7'A
Mfg class A
Common
7%
Jan
€%" Jan
8
103
2%
4'/8 >'5
common
Corp
4%
5%
2%
.
Mickelberry's Food Prod
Jan..
Mar
21
34%
preferred
preferred
McCord Had
10%
7%
common
Carbonic
11%
103
Lindsay Light & Chemical com..
Liquid
Jan
,
Feb
13%
5
common..
Llbby McNeill & Llbby common
Lincoln Printing Co common
$3%
71
14%
11%
La Salle Ext Univ common
Cumulative
71%
14%
Kellogg Switchboard common.
Kentucky Util 6 % preferred..
Leath
Jan
6
6%
71%
common—
45%
common
Jan
19 %
common,
43%
'
Feb
4%
21
capital—,
U S Rubber Co
30% Mar
52%
Mar
20
Co
16%
Mar
19
Jan
Harvester
30%
.14%
common.
-
28% Mar
Standard Oil of N J—
Jan
16
10%
B)
28%
Brands
Standard
10% Mar
20
16
(W
:
Republic Steel Corp common
Mar
9
Feb
9%
g
15%
Jarvis
Feb
18%
300
13
18%
_i
_5
Corp—.—
16% Mar
Mar
4%
Indiana Steel Prod common
8% Mar
20% Jan
16
Illinois Central RR common
International
Jan
15%
capital
Co
'
41% Mar
20
(new):
common
Brick
8
Feb
38% Feb
14%
9
B—.....
:
Feb
20
10%
common
Jan
Jan
14% Mar
9
capital
class
Harvey Inc
10
Jan
7
9%
41%
16
...
Parts—.
Motor
Werner
8
14%
common
9%
Feb
-
56 %
35%
36%
%
Radio Corp of America
7% Mar
19%
•
9
24%
64 %
•
Corp
I
9%
58%
common
.1
Iron
Pullman
58% Mar
7%
9%
.
Jan
Jan
26%
26
-50
York Central RR capital
New
Feb
7
& Dk com
Jan
4% Jan
St San com—
Paramount Pictures Inc—
Mar
42
__
3%
100
40
Great Lakes Dr
54%
Jan
34
(Glenn L) Co common..,
Martin
46% Mar
7%
;!
common..
Feb
Feb
3%
17% Mar
44%
1,250
:*
Inc
Feb
2%
51
53%
9%
Co.
Nash-Kelvinator
Mar
4
Goodyear Tire & Rubber common
*
Gossard Co (H W) common——.——"'
Goldblatt Bros
26%
2?V Mar
common.
Corp
Electric
General
12% Feb
3%
common—
Gillette Safety Razor common
Jan
Jan
2%
Studebaker Corp common.
Outdoor
General
82 V2
23%
common—..
Curtiss-Wrlght
22% Mar
12
39
■
77% Mar
:
*
Bethlehem Steel
Feb
22%
46%
common—5
—.1
General Foods common.—_
'
0
General Motors Corp common
10
common
2
Jan
31%
13%
:
18(4
Jan
13
•
Feb;'.1..
48 !A
;
15'A
27%
Topeka & Santa Fe Ry com— 100
Atch
Feb
Jan
11%
.
Jan
15%
31
common.——...
Corp
Jan
13%
>
15%
;
Copper Mining
Pure Oil Co
Corp
Jan
29%
.15%
(Wm Jr) Co capital——
Radio
Jan
2%
34% Jan
28% Mar
Jan
29%
32
17%
common
Finance
12'A
Unlisted Stocks-
Feb
45
11%
American Transp
13%
Bankshares common.
Anaconda
6% Mar
5% Jan
20
Eversharp, Inc common
General
Inc
Stores
American Radiator &
Jan
10%
7% Mar
Jan
2
Feb
Feb
'
43
Feb
32% Mar
2
Indust
Zenith
Jan
Feb
37%
24
-
*
Feb
2%
26
Feb
8
9%
9%
31%
General
•
-
12'A
31
&
Wrigley
2% Mar
25
28%
28%
(The)..
Household Util Corp
Elgin National Watch Co.—
Co
29
32%
51%
Interlake
Gardner Denver
-
,
6.
.
2%
25
,
V/z
32
32%
.25
Woodall
26Mar
>
2% Mar
2%
7%
Domestic Industries Inc class A.
(Peter)
; 30
'T1
—
4%
11% Mar
20% Mar
Feb
98
10
Jan
6%
30%
—
_
23%
21%
Jan
90J/a
v
Jan
Jan
5% Mar
700
Jan
12% Mar
Feb
3%
10%
,
48%''
common
85
4%
11%
23%
7%
Steel
Wieboldt
12 % Mar
2%
—2%
Auto
—
88%
■4%
Indiana
(The)
Carbide
4% Jan
19
Jan
»
Feb
25%
common—......—
Four-Wheel Drive
capita]
common..
11
Wayne Pump Co capital—
_—
100
Western Union Telegraph common
Feb
5%
24
(Alt) & Cohn Inc com—
Eddy Paper Corp
of
12%
common—-..A——-——*
Utah Radio Products common
1 :,
S
Jan
Feb
155
Jan
10%
J.V'
.
(J R) common
Co
74%
-
Jan
26%
-
55
5
:
1
capital- —5.!..,
Works
Ex-stock distribution
17% Mar
Feb
3% Mar
25%
—30
Lighting Inc common.
13%
.
13% Mar >•
.
Mar
152
152
86%
88%
_
_
IDA
Corp capital,
Union
Jan
v
_
common..
capital
Co
Thompson
Jan
55
3%
&
Texas
Mar
3%
Dredge
Oil
Wisconsin
pfd. —100
cum
common
Carbon capital——*
United Air Line Transp capital—.
5
United Gas Improvement Co—
27
100
Mar
>3% Mar
•
71 ;■Jan
12%
:V—!!:!'
1
i—
Trane
Jan
18%
25
—
—_—.
Co
&
Lathe
Bend
Swift
Jan
26% Mar
81%
Jan
3%
Mar
82
55%
34
-
10% Mar
Jan
72%
,
J
.
Jan
11%
v
63% Mar
17% Mar
50%
100
10
9%
;; 2%
xZ'Z:
Jan
125
114
Jan
29% Feb
;;
common.
capital— .25
Stewart-Warner Corp common.i.-— —5 "v
!
Sundstrand Machine Tool common- —5
5% Mar
Feb
4%
45
Jan/ :•
31%
Feb
85
Jan:
56%
1,100
550
3% Mar
Z\
Jan
Jan
——:
Co
Corp class B
Standard
Jan
26%
5
__
preferred part shares———.50
Com part shrs v t c class A———*
Common partic shares v t c B——•
Container Corp of Amer common
20
common
Mfg
Standard
H Jan
Jan
3%
79
26
100
3%:
13 %
Mar
29% Mar
.
10%
3
12%
112
2,450
100
1,200
900
220
.63%
10%
v
.13 %
Spiegel Inc common———
Jan
116%
Jan
111
10%
Sinclair Oil Corp..
10% Mar
92
16'A
17
—10
common—"1
c
Co
•%
f 9% Jan
ft Jan
92
Co—
,
500
55%
common..—25
Consolidated Biscuit common
1
Co
27,300
5%
,47%
47
114
Edison
Cudahy Packing Co 7%
preferred
Serrick
U
Club Aluminum Utensils Co
Common
260
81%
Cities Service Co common
Consumers
6%
Jan
26%
pref——!
19% Feb
——
Mfg Co—
Raytheon
Feb
92
common
Commonwealth
90
5%
capital—
Corp
500
62%
61
Flexible Shaft common.
Common
ft
113% 114
preferred
Chicago Towel Co conv
1,600
%
%
•
-—
10 y2
10
•
114
20% Mar
21% Mar
450
'1"
,
85
29
33%'/33%..
common-
_
St Louis National Stockyards
1,600
%
}
3%
33A
..
.
t's
■<.'<
«
„
3%
152
Preferred
29 % Mar
95 %
%
,<
,
-1
Schwitzer Cummins capital
4%
• -
>.*
.
Feb
28
?
72
Pressed Steel Car common
36% Mar
50
250
4,100
150
'
„
.
24
22%
[
.100 y
r- 84'A
50 - 28% v .: 28%
100
63 'A '
-61%
B
Jan
4%
50c
*
Jan
Feb
>10}
112
26'A 29 Va
(The)!common——————1' J
Potter Co
Jan
Jan
*
—5
900
112
>
-
29%
Col-i-'.,—i—'Ji.—?
18%
22
'T
>•
& Coke capital
(The)
34%
10%
29%
"4
f Vr'h.'
36%
9%
Chicago & Northwestern v t c—
Common w i—
---A.-,.-..
Fox
n]
,
.
9%
4%
..
18
19
100
19%
Feb
9%
Jan
It 8
4
Quaker Oats Co
•
Electric
J'
.
%
Jan
4%
1
—*
—
Convertible
&
,
9%
Chicago Corp common.—
Deere
*
112
—r100
.100
Peabody Coal Co B common
6%
preferred —I.;
Pennsylvania RR capital
South
—
Preferred
Decker
-v—i——^
•
21%
•9
lien pref
preferred
l143A
9%
10%
.30
preferred
Central & South West Util com
Prior lien pref
—
Curtis
1%
21%
18%
Northwest Bancorp common.
Jan
22 V2
,
-
37% Mar
v-16% Jan
550
21'A
Inc common.
14%
.10
37vv:-:37%
19?'
20% i
*
Jan
37
„1
35
20
Car common.—
American
Northwest Airlines,
15%
—5
Convertible
Crane
North
23
common..,
Common
V t
Feb
20
14
21%
!■
37
Jan
21
-i
(A M) common—______10
Central Illinois Pub Serv $6 pfd
•
Central 111 Securities Corp—
Chrysler
Jan
33%
Oct
Castle & Co
Chicago
32%
550
/
Jan
1,000
■
Jan
13
Mar
1%
4
14 •:
class A pfd
convertible preferred.
5 r/o
12%
Jan
35%
Brothers
Butler
Feb
12%
21
1 Z
Ring common-
(EL)
Co
Piston
Burd
4%
l'A
3%
5%
■'',
Common
Bruce
11%
50
Nor West Util pr
!:.!'::-!li^:!.;:i.%^
common..
Wire
Feb
300
Jan
1,050
17%
Jan
12'A
12%
35%
Jan
Jan
5%
(E J) capital
&
Fence
Brown
156 Ya
Mar
11%
3%
Corp
Warner
Brach & Sons
-
Feb
200
14%
50
High
29
47% Jan
,
Jan
112%
■vi
16%
16%
.
12%
Noblitt-Sparks Ind Inc capital- —5
20%
Jan
5 %
——*
-10
Berghoff Brewing Corp
Borg
.,: 5 Y* Mar
Jan
■
common.-.-—.5
Corp
Aviation
Bendix
Jan
Feb
12
•
Jan
17%
—_———*
Corp....
:4%
158% 158%
"5%
3
(Delaware)
Aviation Corp
Feb
14%
Feb
cl
109%
——8
common...
13%
40
600
20
——~4
,A.they Truss Wheel capital
>
1,200
550
19
18%
common.
Manufacturing Co common—1
Asbestos
,
W
-
42% Feb
Cylinder Gas common..-—. _1
National
111% 112%
*
American Public Service preferred—100
American Tel & Tel Co capital—100
Armour & Co common
5
Allied Laboratories
5
•
Feb
28
46%
45%
Nachman Corp common.-—.
Low
29
28%
I—.
common.:
Range Since January 1
Shares
National Pressure Cooker common..: .2
National Standard cap stock——— 10
High
Low
14
yi
1%
5'A
;
1%
Gas Co
Adams Oil &
Advanced
14
common———*
common
•
Castings———5
(J D) Mfg
Adams
V
1
Range since January
Shares
High
Low
Par
Mfg
Montgomery Ward & Co common.
for Week
of Prices
Sale Price
STOCKS—
Modine
Sales
*
for Week
High
L010
official sales lists
inclusive, compiled from
Week's
STOCKS—
Sales
,
,
of Prices
Sale Price
9Yt Jan
Standard
Motors
Brands
Timken Roller Bearing—.
4%
5%
57 %
5 8'A
29Va
30
467/a
46%
12
..
15
4%
Jan
14'A
Feb
Jan
16%
Jan
Jan
5'A Mar
51%
Feb
58 Vi Mar
28%
Jan
30%
Jan
40%
Feb
48%
Jan
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4263
159
1067
OTHER STOCK EXCHANGES
Cleveland Stock Exchange
.
March 4 to
4
March 4 to March 10 both inclusive,
inclusive, • compiled from official s^les lists
March 10 both
compiled from official sales lists
'
Xx-X
Friday
.
,
Range
'•■'X;X<-
Sale Price
STOCKS—
Sales
Week's
Last
■
Friday
\X"X;
tor Week
of Prices
flange
Shares.
1
STOCKS—
since January 1
'
<■
'
v>XX;X>
;
Pat
;X.
-X
Akron Brass Manufacturing—.
Coach
American
&
Elec
Clark
•.
-X—.100
—3
..
Controller
7————_xl
Cleveland- Cliffs Iron preferred———*Cliffs
Corp common
:——
5
Electric Controller
:
'
B F
—X
Goodyear Tire \4s Rubber
'■<
Hanna,- M A, $5 cum
Interlake
Steamship
Machine
Jaeger
—*"
pfd
* •
.:_XX-——.a-xx_* >
,
—
,
Laughllri———————-X
Jones &
Kelly Island Lime & Tr
Leland
Electric
McKee,
A G
a.—'*
.
*
class -B—'
Metropolitan Paving Brick—;
Tool—X
Monarch Machine
National
Refining
National
Tile
Nestle
-—A—.*
new—-—
class
4%
_.-,"X
69%
Feb
—*
8%
'
*
Thompson Prod Inc—
Youngstown Sheet & Tube
Feb
.
.3
<31.
21%
Feb
X.
Jan
common__10
Glidden
Co
X
Industrial
Interlake
N
Rayon
Iron
:
common———
Ohio
Oil
63
15%
1
717
:
•"
8%
.*
a54%
X
X
8y2
*
common
X
Mar
4V2Mar
,20
11%
2
Feb
13%
32Vb
Jan
Jan X V
43%
Hunt
Jan
8%
12%
36%
Jan
37%
20%
Jan
20
Jan
Oceanic Oil Co
Feb
Clay
Gas
5 %1st
38%
167
18%
36
al8%
a
Mar
Feb
V
17
Feb
17%
Feb
18%
17%
329
16%
Feb
102
51%
Jan
54
50
14%
Jan
I6V4 Mar
Union
Oil
X of Prices ;
562
30
30%
13% XX
12%;
13%
common—-x.i—10
common-—.—1
15%
7% v
5%
Nav
19A,
•
.
-7% X714
6
.X
x
.
r
:
3
•5%
5%X
3%
56
1
Graham-Paige .common————-l,
Grand Valley Brew common-—
1
Hall Lamp common
5
Hoover Ball & Bearing common——-10 :
Hoskins Manufacturing common——2%
Houdaille-Hershey class B—_—__—*:.
•3%
-1%
IV2
1 '
6%
.6y8
(S S)
Packard Motor Car
20
15%-'
60c
-
;
9%
60c V
--2%
660
1%
common—■
1%
19%
3%
Davis common—
Peninsular Metal Products common—1
28%
_1
9%
Parke,
Reo Motors common—.
(H W) common——
2
River Raisin Paper common——X—•
Rickel
Scotten-Dillon
10
common
:
1%
3
3%'
11%
2'
*
United Specialties .——a—1
U S Radiator, common--—-...x——XI
Universal Cooler class A_a—
19
Feb
4% ,Jan
1% Jan
24c
Class B
Warner
—a
1
—
class A—
Aircraft common
—
5
Oil
Co
of
Wayne Screw Prod common—.
For footnotes see
page
1071.
32% Mar
40 V4
Jan
43
"5%
Jan
a47
3,763
Vy>V 4
47%
Jan
4%
Jan
a40
a40
a26
a26y8
55
2c
2V'2c
16
2l/2c
11
11%
9%
23%
23%
2,199
39%
23%
X.x
214 c Mar
Jan
39%
30
11% Mar
8% Jan
914
Jan
24%
Jan
39% Mar
43
Jan
32% Feb
23
Feb
31%
658
31%
Feb
30%
837
29%
Jan
35%
35%
30
28%
28%
29%
37%
__
Fix
1st
31% Feb
•
29%
Feb
37%
1,237
35%
Feb
38%
Jan
5y4
X
-X
36%
1J235
34% Jan
24% Jan
5%
424
oVa
Feu
5%
Jan
13 Va
—• '
California
X
Jan
10%
200
,
40% Feb
2c
776
9%
11%
xx-;
36% Jan
115
2,000
30%
;
Mar
Feb
Jan
31%
13 Va
5%
Q
9
Feb
150
13 Va
Feb
1314
Feb
845
8%
Jan
9%
Feb
4,104
O
18%
Feb
19%
Jan
19
1
19
12%
12%
650
12
Jan
12% Feb
—
1
18%
12%
10
pfd-—* X
3V8
3,000
3%
Feb
1% Mar
86c
,
7
2%
Jan
Mar
Jan
19% Mar
4
Jari
28% Feb
20
20
382
18
Jan
20
a2c
1.15
lc
a2c
1.15
1,000
lc
1,000
9%
.290
.7
.
—
l%c Feb
100
a.j.0
lc
Feb
Feb
3c
1.30
Jan
lc
Jan
Mar
Mar
30%
10
3% Feb
3% Mar
Jan
12
Jan
Jan
4
Mar
2%
325
2%
Jan-
2 Vz
Jan
1%
100
1%
Jan
1%
Jan
17%
Feb
27
Jan
5
Jan
2,260
2%
Jan
200
6%
Jan
Feb
.28% Mar
1%
.30
.
98c
.3%
Jan
Jan
I)
15
a——.
Tractor Co——*
Columbia Gas. & Electric Corp
*
Commercial Solvents Corp
——*
Commonwealth Edison Co——25
Commonwealth & Southern Corp.—*
.
General Foods
Goodrich (B F)
Corp———
Co
2% Mar
33
Mar
Jan
1%
Jan
.3% Jan
Feb
Jan
19%
Feb
21% Mar
16%
Jan
17
Feb
128
34%
Jan
36
Mar
59%
444
Central
Packard Motor Car
Paramount
Pictures,
35%
Feb
35%
45%
Jan
45% Feb
a5%
91
4%
Feb
al5% al6
90
14%
Feb
44
11
140
n
-
~~%
11%
Jan
655
5Va
Jan
5% Feb
30%
132
30% Mar
30% Mar
200
150
5% Feb
100
4%
36%
748
60
1%
400
1%
20
28j/4
Jan
Mar
Feb
Xa
r
1%
Jan
Jan
Mar
Jan
30
Feb
26%
195
26% Mar
27%
Jan
13%
136
12
13% Feb
30%
30%
340
30% Feb
»
Jan
Jan
31%
7%
.850
7
Jan
'
a23% a23Ya
50
23
Jan
23
X:
a45% a4614
15%
Jan
19
8%
Jan
7%
—
18%
18%
a8%
-
—
a9V8
18
18
,
170
3,030
4
2,020
a25% a25%
Jan
7%. Mar
Jan
191
1,220
18
3%
4
—
16% Jan
3%
Jan
Jan
9v4
Feb
Feb
18% Feb
4
Jan
30
28% Mar
230
26%
a21
a21%
200
20% Feb
21
a41
a41%
285
15% Feb
15% Feb
9% Feb
10% Jan
a28% a29%
al5% al6
9%
10
105
1,486
18%
Feb
Jan
17%
18
520
17% Mar
88%
88%
262
88 Va Mar
88 Va Mar
al2»/a al2%
a25% a27%
10
12
22% Jan
12% Feb
27% Mar
54 Va Mar
54% Feb
a28% a30%
225
Feb
30
230
54 V»
54%
a9%
a9Va
10
14%
1614
2,655
14%
Feb
16% Mar
Jan
31%
Feb
Feb
46%
Feb
8% Jan
9
Mar
—
50
27%
a48%
50
46%
a35% a35%
110
14%
112
13% Jap
14% Mar
a76% a78%
—
125
78% Feb
7814
a30% a30%
a48
14%
Oil Co——10
*
Union Pacific Railroad Company—100
al02%al02%
54
United Air Lines Transport—
—5
United Aircraft Corp.——.5
a26% a26%
20
United States Steel Corp—,—
43
13 Va
7%(
7— V
,
...
Jan
26%
»
—
41%
1%
a29% a29%
a.
X. :
X;
6%
4% Feb
41%
43
135
Feb
16% Mar
>
37v2
45%
>
Feb
35% Mar
a43%
_x,
—
15
16% Mar
5%
a5 %
35%
36 y»
„
(Del)—.aa——*
.a—Xa—10
% Jan
Feb
410
Radio Corp of America-
United Corporation
Feb
X
5%
14
5%
..x—.—x —>';-
U S Rubber Co
Feb
15% Jan
Ix'X
a5
*
——*
5
5%
14
Pennsylvania Railroad Company.-—50
—
Phelps Dodge Corporation—a——25
7.
Pullman Incorporated .———
Texas Gulf Sulphur Co.
10% Feb
Jan
30
a41% a42%
—.*
1
~8%
75
176
al6% al7%
»
Co.—
Inc—
59% Mar
30%
-•
North American Aviation, Inc.
—1
North American Co——a—..—10
59% Mar
Feb
67
—
-•
RR
~4%
a9 %
X
—
———
York
103
a25 % a25%
—
—
64% Mar
"3%
;:;_X.
——
Jan
400
a9
x
Curtiss-Wright Corp
—
—1
Power & Light Corp.—
*
Co-
56
a36% a37%
a47% a48%
Electric
Electric
-
140
a4
17,-
a29 % a30 %
—
Aircraft Corp
Union Carbide & Carbon Corp
3% Mar
8% Mar
65
59%
.14
General
Jan
6
.5% Feb
390
>674
a5%
.1
1
Continental Oil Co (Del)—•—X—5
Crown Zellerbach Corp
5
Vultee
Tide Water Associated
Feb
5%
64%
a36% a37%
.
—
Continental Motors Corp
6%
57/8
.
26% Mar
2114 -21%
XX
Caterpillar
Consol
Jan
a3%
a-
25
—100
Ry—
24%
17
<
59 %
—.—_*
Co--..——
937
6%
21 lA
.—.—5 cXXx"
.a
5
X..
2% Feb
J"an
.
Mar
5%
<
19
•
2% Jan
100
(J
26%
64%
—
*
10
Republic Steel Corp——.—.i
Sears, Roebuck 8s Co—.————•
—
Socony-Vacuum Oil Co...————15
7.
Southern Railway Company.
—*
Standard Brands Inc—a—a—*
Standard Oil Co (N J)——
.—25
Stone & Webster Inc..;—
—*
Studebaker Corporation _—•—1.
16%
Swift 8c Company———a...—25
.X
Texas Corp (The).—
.—..—25
x.
Mar
3%
350
Pacific
Canadlan
.Case
Feb
43% Feb
a30%a30%
a_
Baldwin Locomotive Works v t C.7..13
Bethlehem Steel Corp..
Borden Co
Jan
157%
Feb
5%
a30%
Feb
1% Jan
.
11%
365
X-
64 y8
Bendix
9%
Jan
42%
-
158% a 159%
26
Atchison, Topeka 8s Santa Fe Ry—100
Atlantic Refining Company——25
Aviation Corp 7——3
Oil Company
Aviation Corp
Jan
156%
175
9%
a
7'
Anaconda Copper Mining Co.
.50
Armour & Company (111.).———5
Barnsdall
9
974
a43% a43%
- -
14 7;.X—V
7—
Pure Oil Co
450
•
Corp
Jan
-500
100-
Viscose
New
Jan
2.150
6%
a47
32% Mar
25
35%
Montgomery Ward & Co Inc
Jan
3
.—4
Jan
100
30%
Mar
Jan
460
560
Jan
614
460
v
a45% a45%
—
California—2ft
&
32%
43
al3
—25
Mar
Jan
1%
17%
-
3%
1
48
Feb
914
Libby, McNeill & Libby—————7
McKesson & Robbins, Inc—
a—18
Jan
Wi Jan
Feb
100
Feb
6
pfd class A—25
5
Jan
3,750
41
10
a5%
Jan
8% Feb
Kennecott Copper Corp.——
36c
Jan
1%
^_*
200
Jan
30
3V»
Feb
27/a
Mar
'
Walker & Co
Jan
1,819
—
Co Ltd.——25
.24
•
1 %. Jan
75c
9ys
X
25
45
7
Feb
1.15
600
2,775
Jan
.
Jan
879
125
15
28
4
Xa
70c
22% Feb
\
632
2%
Jan
1.05 Jan
9%
70c
Jan
iJan
425
5-
10
9
10% Mar
2%.iMar V
62c
1%
19
11% Jan
345
3%
Graham-Paige Motors Corp———1
Great Northern Railway————•
Int'l Nickel Co of Canada—..——-—*
International Tel 8c Tel
*
15% Jan
Feb
:•
14% Mar
600
6
x.
12% Mar
xjjan;
3%
11%
Feb
4
—.*
-.Feb
3.740
27%x-28%
2%
Mar
20
150
10
Jari
" Jan
29%
1%
common—.
.
1,095
4
1
6%
Jan.
50c
*
-f
565
'
Mar
.8%
900
19%
1%
12
!
1.300
V
3% Mar
3% Mar
14%,Jan
i
200
7
Feb
19
,
920
Jan
58% Mar
Jan.
1
Feb
5% Mar
Jan
6
10,910
1%
20%
314- Jam
500
•
26%
2% Jan
IV4 Feb
200
1%
77c
4%
.
52 %
272
.
2%,-
2%.
(Frederick)
.
200
X
66c
Standard Tube class B common——1
Stearns
3%
698
x
4
Tivoli Brewery common————1
Union Invest common.—*
6J/4 Mar
Jan
100
'
io,y8
4
Timken-Detroit Axle common—X—10
Jan
1,600
.
12%
common——_1
Simplicity Pattern common—.—
1
3heller Mfg
Jan
27/8
1Q0
6%*
Jan
5V4
490
75c
Jan
7% Mar
.7% Mar
-
<207.,
33c,' 34c
.
4%
Jan
18 %
5
1%
19% Jan
23
23%; 24
•5
6% Mar
215
1.000
■
20
60c
Feb
4% Jan
Jan
3 >/4
1.140
1
•.
280
18%
2.884
15%; 15%
!
•
58 Y*
1-2%
12%.
10%.
common——.2
Masco Screw Prod common—.——I
McClanahan Oil common.-——-—X
Michigan Die Casting common.—X—1
Michigan Sugar common—..——*
Micromatic Hone common——;x—-1
Mid-West Abr common—XX—50c
Motor Wheel common—.—5.
,.
6
Jan.
4Yi .Jan
-431
-
3%
—
Jan
4%
.3%
1,365
•3y8
General Motors- common—10
Feb
Jan
700
-
3%:
General Finance common————
8%
15%
Feb
■
Jan
500
6j/4
.
4-
100
v
18%
18%
LaSaile Wines
13% Mar.
7% Mar
115
26 % X
3%
Kresge
30'A Mar
Jan
3% Mar
147/a
12,090 x..
3,431-
.
3%' •
26%
—
Jan
12 !/8
300
X
6%
19 y8
3%
common-.——x—4-1
_1
—1
common--^———10
27%
;
350
5%
4%
•5%;
■
Frankenmuth Brewery common—.x—l
common
-
450
4%
common—10
Detroit Edison, common——--.-u.——20
Detroit Michigan Stove common——.1
Eureka Vacuum common-.—-t-.-i-X—--5
Ex-Cell-0 Corp common————3
Federal Mogul .common——^
5
Federal Motor Truck common-.
*
Drug
Range since January 1
Low
High
7% Jan
200
X
15% X
7%
Milner common—
•
Feb
17%
800
a5%
Feb
34c
15% Feb
1.10
43
a!3
al3
American Tel & Tel Co——
6Va Jan
200
' X
Feb
33
9%
;
Pacific Co
American
339
3%
3%
8%Mar
8% Mar
12
14V8
'45
V
x<
X
Jan
Jan
1.05
28
Mar
10% Mar
30c
1,250
Jan
28
Unlisted Stocks—
681
30j/4 Xx;
8%
Feb
Jan
92%
.
10
250
14
:X;—v,">"
—*
Amer Rad & Std SaHt Corp-.7—.7—a*
100
official sales lists
Shares
6"%
33c
Jan
Feb
5% Jan
200
200
al7»/4 a 17'A
14
14
6'A
15
Mining StocksCardinal Gold Mining Co
High
6%
.7
8%
33c
8%
1,660
12
32%
25c
preferred C——
of
8l/4
8%
11 %
X-
Original preferred ..7—......—.25
0% preferred class B
—25
Oil
10%
7%
,
* x
X_30 xXx-X1
;
Calif Edison
Weber Showcase
Range r-> for Week
Last
27% Jan
ax
1
Universal Consolidated Oil Co
Sales
Week's
80
185
■
Sunray Oil Corp......
l
Taylor Milling Corp
«
Transamerica CorpA.A_w,—X——2
Exchange
450
28
,
.*
Corporation—
Standard
.
85
28
25
Sierra Trading Corp
Sinclair Oil Corporation
5%%
Chicago Stock Exchange
,
85
X:,;X
,
So Calif Gas Co. 6%
New York Curb Associate
50
X.X
Oil
—
Shell
Jan
/
Feb
14%
Corp common
*
Corp
.—10
Western
Safeway Stores, Inc
Security Co
17% Mar
a53%
17%
a51-
47%
.X : V
*
Richfield Oil Corp common..——
Ryan Aeronautical Co
Jan
al6% al6%
■
210
X—
Republic Petroleum Co common—x—1
5% % preferred ——————50
Jan
8
19
Feb
10
18%
Jan
40%
Feb
7%
10
:
a8
18%
47%
" .aV,
1
preferred.—
19
a8
47%
.
8%
7
—1
——
6
20%
42 % Mar
Electric—
Pacific
-
Jan
a-
,
10
Products
&
Pacific Lighting
Feb
39 %
38 V'2
X^X
41% Mar
-
38%, Feb
1.05
Occidental Petroleum Corp..
Feb
100
Magnin (I) & Co common—a—..—*
Mfg Co—;
——————I
24Va Mar
8%
898
_10 V, V-X--
—
x
39 Vis
9%
common——
Jan
85
—*
Company X———————1
37% Jan
1
Hurd Lock 8s Mfg
7%
57% Mar
42%
—
Menasco
Feb
Feb
Packing
Feb
Burry Biscuit common--.:.———-12%c
Chamb Mtgl Weather common—
5
Kinsel
9% Jan X
52% Jan
39%
Lincoln Petroleum Co—
—10c
Lockheed Aircraft Corp
1
Los Angeles Investment Co————10
Feb
20
Bros
35
Sale Price
Kingston Products common
55
41.
41%
1
Corp..
Preferred
Feb
19 Va Jan
15% Jan
Oil
Lane-Wells
35% Mar
40%
'
Development Co.—:
Honolulu
Jan
9
Jan'
Feb
"V
X.
♦
Hudson Motor Car Co—
Mar
1% Mar
-6V*
Holly
Mar
16% Mar
Jan
Feb
.
Preferred
Goodyear Tire & Rubber Co———*
Hancock Oil Co class A common
*
39% Mar
,
Motor Car common.————X*
a54% a55%
Jan
10
Low
Hudson
Feb
134
Pacific
March 10 both inclusive, .compiled from
Goebel Brewing common
Feb
8%
•
8%
detroit
Wood Industries common—
23 Va
Jari
;8J/a
General .Paint Corp
.
161
Friday
Gar
Feb
Jan
7%
nVa Jan
Jan
261
Detroit Stock
Motors
fo%
20 %
156
8%
1,074
Imperial Development Co, Ltd—25c
& Cleveland
8%
180
690
1,496
7
57%
Cons Chollar G & S Mng Co
Continental
10 VX
23
57%
150
.
Telephone: Randolph 5530
Detroit*
a83%
10y8
22%
'
-
—
—
297
1
Ford Building
Crowley,
a8i
:
—
*
•
General Motors Corp common——X—10
Union
Paper
54% Mar
Jan
Feb
>12'
50,
a40% a40%
Detroit Stock Exchange
Consolidated
.27% Mar
Jan
14%
a41%
Cxchango
Briggs Mfg eommon——
Burroughs Adding Machine_x..r^^--T
Feb
.45
12%
Mar
Members
common
25%
248
35
Southern
Rubber
300,
54 y4
Jan
18
10%
Mar
27%
54
Jan
38
x
22
27'A
35
Jan
Jan
Mar.
Jan
12
X:
Baldwin
22
Feb
16 va
2,765
Jan
14%
950
■
a35% a36 %
a!9% al9%-
;
>
STOCKS—
•100
Feb
13%
Watling, lerghen & Co.
XXXsXvVxVi':^
22
15%
Jan
11%
Jan
20.
■
75
a36% a36%
—
'X
150
1
13
Southern
March 4 to
15%
22
54 V4
Sontag Chain Stores Co Ltd.;
New York Stock
1.50 Mar
Farsworth Television & Radio...—1
18
344
Y
a22% a24%
—
Youngstown Steel Door common——j*
2.00
1.30 Jan
Jan
a20% a20%
U S Steel———————*
1.80 Jan
200
750
:
425
—
*
Republic Steel common
1,126
350
Jan
3Vz
818
—
*
.
600
1.95
1.50
12%
••,75
■
common
Jan
1A
1.90
35
16
170
11%
—a—*:>'"•—
common—
%
Feb
Feb
Feb
12 %
36 Va
23
'
X.
12%
35%
-
a40
Y Central R R common—
%
2%
6y«
12%
•
35
Jan
300
19%
—
—
Jan
35
17
?24
11
—
:
common
Jan
12 %
x-
12%
!100
.
.
'
a37% a37%
Firestone Tire & Rubber common aaX_ 10
3
4%
25
1
Pacific
Addressograph-Multigraph
Jan
1,000
13
4
tiullsted—
General Electric common————*
2
1.50
I
Douglas Aircraft Co Inc——
Electrical Products Corp
Exeter Oil Co, Ltd class A
Range since January 1
Low
High
1,500
5%
a
x,;'
—
100
——
Jan
:
.
America
Jan
Mar
/11Y
,1,800
of
22
Mar
23
Creameries
23
107'/a
1
Feb
21
Feb
32
Feb
107
,
' 7—:■>
1,95
—
.
2%
5%
al3
—
Chrysler Corp
——5
Consolidated Steel Corp_^_A———X—*
Preferred —:
*
Mar
42% Mar
45
X—
Shares
High
2%
♦
Central
Jan
45
<
2'/a
*
California Packing Corp common
Investment Corp.—
Mar
21
Feb
200
Byron Jackson Co——a;
Jan
22
Feb
44
57
.
Feb
150
;
' 18%
•
,
11
a.24%
a36%
*
;
19%
45
a42 % a42 %
-
—
*
Works—.—
Weinberger Drug Stores-—
a—*
White Motor iX——_aX7.7._7aXX-XX—50
Feb
36%
Mar
14% Jan
Jan
40%
-
x
Jan
20
500
8%
8%
"
—
14
54
221
.
Jan
■
20%
-
600
'XXx
11% 11%
X'; ^-X^; 1% : 1%.
-25
.
'63
01
al6%
a!6
———
Van Dorn Iron
Jan
20
20
-
•
A————•—_.—*
Standard Oil of Ohio-*
22
1,232
16
4%
Electric,
—_5
>
12%
Richman BrosX-A—,—a—_—'-35'% x -3 34%
Reliance
16% Mar
Jan
a—.•
_a—a.
—
LeMur
4%
..
;_a—Xl
;
Acme
National
Jan
18%
a21
,16
—X.♦/
fO
Feb
15
25
i.
Corp—
50e
Bandinj Petroleum Company
—.1
Barker Bros Corp common
—»
Berkey & Gay Furniture Co
1
Blue Diamond Corporation
_2
Bolsa Chica Oil Corporation
—1
Broadway Dept Store, Inc common
*
Feb
40%
Low
Aircraft Accessories
V. for Week
of Prices
Par
YxxX
Feb
96%
* ■'
Sale Price
'
Sales
Week's
Range
.
,
*
Cement—
11%
Feb
.
.—
Portland
-Medusa
Jan '
96%
410
a43% a45 "
a42 %
a40
a42 %.
•
45
45
45
al07%a!07%
32
32
32 ;
j XX
Xx" 21 ■
21
,
a21% a21%
' 11%
U
11%
•
17
17
38 x
36% 38
A.
10
130
22
a21'
■
:
Mar
284
Xa44%
—:
Greif Bros Cooperage class
:
XXXXX'
25 >
R Co
Goodrich,
6
•
50
54
X
22
'■
General T 8c
54
-
,
.
*
High
Feb
5%
100
—
——a——*
Faultless Rubber
Low
■
245
xXX"/%5%.
6
/
Y-.XX. 11% life
;
XXX-v ;X 96% 96 %
a50
a49% a50
al6%
al6% al6%
19% 19%
68% 68%
14%
14% -14%
.6
•
,___5
Body—"
Mfg preferred
Brewing Corp of America-City Ice & Fuel
Apex
High
Low
;_5,0
Last
7.
10
a29% a29%
1%
>-
44-
&51
1%
44'
53%
100
217
180
1v4 Jan
'44
-Mar
51% Mar
Feb
1
Monday, March 13, 1944
& FINANCIAL CHRONICLE
THE COMMERCIAL
1068
OTHER STOCK EXCHANGES
Warner
Telegraph Co—
Western Union
45 Mo
140
95,
42%
130
.
93
.
Feb
Feb
1
39%
614
18
3914
39-14
10
7 Mi
330
'
Feb
'
■
Jan
37
'
Devonian Oil
—-5 '
——._1
*
Lone Star Gas-——10
Harbison
Refrac—-—
Walker
Mountain
Supply
Fireproofing Corp
National
—
8%
for Week
Shares
Range since
Low
High
High
16%
16 Ma
Jan
17
Feb
14%
14%
400
14%
Feb
15
Jan
3%
37/a
440
3%
Jan
4M8
Jan
16Mb
50
16%
Jan
16%
Jan
8 Ma
8 Ma
229
8
Jan
8%
Feb
170
6%
Jan
7
Jan
Jan
80c
Jan
80c
75c
80c
V:.A'M.- • ■' a.v
Pittsburgh Brewing common
——*
16 Mi
75 ,v.\
7
10
—*
Fuel
Sales
Range
16Mb
1_
14 Ma
3%
.—--10
—
Duquesne Brewing
Fort Pitt Brewing-—;-.
Week's
of Prices
Low
Par
13% Jan
45 Vb Mar
95
Mar
7 Mi Mar
39% Mar
Jan
12.
600
7 %
7 Mr.
1
Willys-Overland Motors Inc—..
Woolworth Company (P W)__„
13 V*
95
50
& Mfg Co.
Westinghouse Elec
Last
Sale Price
STOCKS—
High
Low
45 %
-100
Friday
A'.'
January 1
Range Since
13 Vb
13'/4
5
Inc—
Pictures,
Bros
Shares
High
Low
Par
'
for Week
of Prices
Sale Price
STOCKS—
■
Range
Last
:•;>■=;:M.A3.
-M::'
Sales,
Week's
Friday
50c
1,664
,
Philadelphia Slock Exchange
Sale Price
STOCKS—
'
'V
Chrysler Corp
preferred—
Prior
Electric
General
preference
$1
common
—.—
pfd
Corporation -----—
Reading Co common-.——-i
2nd preferred ——4Phllco
8 Ms
8 Ma Mar
82%
165
78%
Jan
Mar
6%
46%
Jan
478
10
14%
360
14Ma Mar
14% Mar
42%
207
39%
Jan
43
58'4
1,135
51%
Feb
9%
3,206
8%
Jan
Scott
Paper
121
4% Jan
6% Feb
5%
6% Mar
6%
42%
923
5 Mb
2,483
Tonopah Mining
Feb
Jan
5%
1,318
29%
162
Mi Feb
;
$3
Corp
19 Va
19%
19 Ma
3,341
25 Ma
1,139
-
166
25%
32%
119
Jan
Jan
39
Members
80
25 Ms
18
40
16
Jan
Phone "
30 Ma
147
27%
Jan
30 Ma Mar
9%
126
8%
Feb
40
59%
38 Ma
March
to March 10 both
4
inclusive, compiled from Official sales lists
Last
Ma
%
114
1%
1%
Jan
%
Jan
%
Jan
;
34 Ma
1%
1%
2%
12,904
16%
16 Ma
36
25%
26
Jan
lMa
36%
Jan
2%
Jan
lMa Mar '
Shoe
Jan
16%
22 7/a
Feb
27
Feb
Dr
Pittsburgh Stock Exchange
ltt both inclusive, compiled from
Friday
-.
50
*
•
—
46% Mar
;42%
43
90
40
Jan
43
Mar
25
15
23 Ma
Feb
25
Mar
—
Range
of Prices
Sale Price
STOCKS—
Low
Par
Allegheny Ludlum Steel
Co_:
Blaw-Knox
5%
5%
110
23%
23%
225
23
Feb
5
12
12
57
11 Ma
Jan
12
18%
18%
10
18
Jan
19
Feb
—4
9
50
8M2
Jan
9
Mar
8
334
6%
Jan
9
Mar
Clark
8%
Serv
Inc
Securities
Inv
7%
Jan
8% Mar
Stix,
2,120
4Mb
Feb
5Mi Mar
Wagner Electric
SVv
CANADIAN
10 Ma
Jan
37
Feb
16 M2
300
41%
Jan
50
135
16
Jan
17 Ma
Feb
Jan
16 Mi
497/a
50
17
13%
13%
13
Feb
14
42
42%
199
32
Jan
42% Mar
13%
13%
200
11
Jan
13% Mar
2%
2%
223
2
Ma' Mar
100
9 Ma
9%
1
10%
■*
Friday
Last
Par
Acme Glove Works
-
.
Aluminium
Ltd
Aluminum
•
Can
pfd—
•
Breweries
Associated
&
Power
Bell Telephone
•
"ioo
of Canada
Co
Bruck
a
Mills.
..
Building Products class A
Gold
Bulolo
Canada
•
Cement common
Canada
Canada
5%
Northern
Canadian Car &
Old
New
1%
Ltd
conv
1,115
22 Mi
23 Mi
316
16
15 Mi
16%
4,833
153%
153
154
139
Jan
21 Mi Mar
Jan
21%
Jan
13%
Mar
152
21% Jan
22%
Jan
Feb
2 3 Mi Mar
16% Mar
156
Feb
24M2
Feb
24
Jan
23%
1,772
23 Va
175
23
Jan
8
8
8
130
8
Jan
17 Mi
16%
17 Mi
625
15%
Jan
17 Mi
15%
15%'
5,250
15 Mi
Jan
15%
Jan
1,973
6%
Jan
7 Mi
Jan
105%
30
107
Jan
104
92
20
25
153
81
770
11%
12
34 Ma
11%
34%
485
1,070
8%
108
Jan
Jan
Jan
Jan
20
100
8%
20
'
7M2
21
Jan
Jan
100
Mar
Jan
9
Jan
10
Jan
31M2
Jan
12%
35
Feb
Jan
123
25
32
100
123
*
123
24%
Mar
Jan
39%
147
Jan
125
Jan
32 Ma
Feb
5%
Feb
32%
175
•
5%
5%
5%
375
5 Me
Feb
5%
5%
5%
275
5
Jan
5% Mar
41%
46%
1,280
27
Jan
46 Ma Mar
11 Ma
11
IIM4
2,535
10 Ma
Jan
12 Ma
12%
200
11 Ma Man
5
40%
12%
40 Mi
41
870
39
Jan
41%
Jan
28 Va
28%
150
27%
Jan
29
Jan
32 Ma
32%
32 Ma
70
29%
Feb
32 Ma Mar
38
'
Feb
12% Mar
Mar
35
38
1,290
3 3 Ma
Feb
27 Mi
28%
1,745
23%
Jan
28% Mar
13%
14
530
13
Jan
14
Jan
Jan
.11125
117% 117%
20
116
Feb
118
100
162
162
10
150
Jan
159
25
7%
8
1,712
117%
"
For
footnotes
see
page
1071.
International Nickel
7 Ma
Feb
8 Ma
Mar
Jan
Power
Co
Car
13Va
25
107 Mi
Feb
1,375
2 6 Ma
Mar
30%
Jan
1,018
13 Ma
Jan
14%
Jan
Jan
12 Ma
Feb
Jan
7%
Feb
108
107%
27
13%
13%
13%
12
:
12
71/4
•7 Mi
7 Mi
V 153
21%
21%
22
168
Mi,
18 Mi
81
77%
•
21M2
20%
*
7
21%
Steel
Jan
Ottawa
Electric
14
Jan.
Jan
2 4 Ms
Feb
Feb
31
Jan
16,533
15
Feb
82%
273
76
Jan
21%
1,870
20
Jan
20% Mar
•;
18 Mi Mar
82% Mar
22%
27%
175
111
Jan
113
Mar
26
594
23
Jan
26
Feb
26
25
15
15
130
13
Jan
16
68
8 M2
68
68
10
65
Jan
68
Feb
9
8 Mi
8'/a
..
671
7%
7%
815
*
18%
18
18%
302
•
21%
21 Mi
21%
2,899
*
8
7 M2 Mar
Feb
22
Jan
Jan
Jan
36
36
36
46
34%
34%
291
33
41M2
41
42
140
Jan
Jan
18
Jan
14%
14%
15 Mi
2,385
18
17
18
225
15%
Jan
50%
51 Mi
612
48 Ma
Jan
25%
26 Ma
520
23 Ma
Feb
166
166
10
*
Railways—
Ottawa L. H. & Power common
y*
—■—
13% Jan
51%
87
75
5 %
300
25
225
24
Jan
8
25
7
Jan
8
13
86
Jan
87
86
87
Feb
Mar
14% Feb
14%
5 Mi
4 Mi
Feb
26 Ma Mar
166
8
100
;„100
—
Feb
25
5M2
*
—
161
14
*
common
Jan
43
15 Ma
*
Aircraft
34Mi
Jan
Jan
*
26
36 Vz Mar
41
13%
•
Jan
19
Jan
34 M2
•
8 Ma
Jan
•
common
Jan
19 Mi
—40
Ma
Feb
Jan
Mt
16
35
Corp
Feb
113
25
»
common
Jan
26
112%
Ltd
—
——
a
22
28%
-
—__100
common
Products
Jan
24
195
25
100
Car
Jan
108
,/
Feb
12
25
16 Mi
common
10 Ma
KKK 44D
17 Ma
Ltd
'
Jan k
'
26%
60
Preferred
Ottawa
Feb
1,410
3,818
Noranda Mines Ltd—
Ontario
Jan
16 Mi
11% Mar
1,590
15%
13
Niagara Wire Weaving
Flour Mills
Jan
6 Mi Mar
12 Mi
11%
_25
Steel
7
Feb
29%
Oil
Breweries
Jan
Jan
5 Mi
24%
Preferred
-—;
6%
1,167
13
Montreal Telegraph
Preferred
715
6
Feb
110
Jan
6%
28%
Light Heat & Power Cons
Ovuvie
108 Ma
5%
24%
(Robert)
National
11% Mar
540
':C 208
Jan
14%
27Mi.
•
McColl-Frontenac
94
12%
11%
100
Lake of the Woods
Jan
Jan
Jan
86
Jan
93
.
Feb
Jan
9M2
.
Jan
11%
13
Preferred
National
11%
109 109 Mi
11%
—„15
common
Petroleum
International
Mont
100
:
29%
Preferred
Mitchell
■
Jan
85
25
86
94
com—*
of Canada
Paper
8%
3861
6%
5%
*
Massey-Harris
Feb
11%
109 Mi
86
94
—
25
——
Feb
Feb
9Mi
100
Preferred
Lang, (John A.) & Sons,
Lindsay C W preferred—
36
9%
9
5
common
Industrial Acceptance Corp, Com
International Bronze common
Feb
144
25
16
1
Feb
1
Jan
Jan
•
Can
Preferred
International
9%
Feb
24
»
Feb
38
Dominion Steel & Coal B
Imperial Oil Ltd
Imperial Tobacco of
International
9 Mi
20
9
15
100
Bay Mining—
10
28
Preferred
Preferred
28
470
65
Feb
Jan
Jan
70c
Jan
5
common
30
1,105
50c
Mar
8M2
Jan
495
5
Paper
Jan
39
—100
Smith
200
Ma
15 M2
Hollinger Gold Mines
Jan
144
74
7
24
•
Jan
27%
Jan
72
.
600
15%
*
Bridge
25
38
95
10
15
Hamilton
27
144
73
Jan
15
Gypsum, Lime & Alabastine
160
38
73
High
8
2,085
10% Feb
9
100
355
8 Ma
10
Jan
24
•
common
9%
•
common.
Wares
Preferred
Hudson
9
.
9M2
25
65
100
29 Mi
Mar
*
Glass,
General Steel
Howard
'
LOW
9%
9%
73
Range Since January 1
High
9%
—100 KKK-
14
Distillers Seagrams common
Dominion
preferred
: ■ preferred
Feb
Dominion
Bridge
5
13 ¥2
*
Dominion Coal preferred
5%
50
26%
Low
•
common—
14
144
27%
*
Co
Gatineau Power
34 Ma
Jan
V,Feb
33
Sales
Week's
Shares
*
9
9 Mi
Jan
*
of Canada
Co
Jan
28%
Seal
Foundation
32 V2
14
31
1
285
Jan
43
Mining & Smelting
Corp
Feb
.\
175
9 Ma Mar
for Week
»
Players Canadian Corp
Mar
33%
Glass
Electrolux
7
33%
32%
Range
»
45
180
5%
2,513
45
Mar
Mar
7 Mi
Jan
7
Ma
25
common-
41
6%
44
25
98
Feb
of Prices
*
29 Ma
7
45
Locomotive
&
Jan
*
;
Pacific Railway
Gockshutt Plow
Cork
IOV2
98 Mi
100
23
7
Ltd
Dairies
Eastern
:
•
preferred
"B"
Feb
22%
6%
Mar
Mar
9
Sale Price
Dry den Paper
Famous
22%
8%
25
common
Canadian
Crown
Jan
21 Mi
25
Canadain Foreign Investment com.
Canadian Ind Alcohol common
Consolidated
Jan
96%
100
Celanese
Consumers
Jan
88
100
•
common
—
Cottons
Canadian
9
280
*
pfd
Preferred
Class
205
93
_*
preferred
Canadian
9%
98%
•
common
Foundry
preferredd
Canadian
•
•
50
;
Canners
15
217/s
•
Canadian Bronze common.......
Canadian
Jan
98%
•
Breweries
13%
21%
*
preferred
Preferred
30
98%
100
common
Power
Steamship common
Canadian
15
100
_•
class A__—
Forgings
75
Jan
9
—100
Canada Iron Foundries
Mar
75
92%
5
Dredging
Preferred
Canada
7
Jan
23
•
Columbia Power Class A
Silk
Jan
74%
23
—
Paper class A—
Brazilian Traction Lt & Pwr
British
5 Mi
3
'
100
Asbestos Corp
Bathurst
420
9
•
common
of
Co
High
Low
High
7
Ma'
6
Stores
Dominion Textile
Range since January 1
15
_
..
Dominion
75
100
preferred
Agnew-Surpass Shoe common
Algoma Steel com
6 Ma %
Low
■
Ltd common—;
25
98
32
Dominion Tar & Chemical common—*
Shares
10% Mar
11
15
Ma
Last
for Week
Range
Jan
60
9
Par
of Prices
10
180
10
STOCKS—
Sales
Feb
Jan
Mar
9%
25
98
common-
10
20
17
22
10%
25
25
Feb
3
Feb
90
98
*
55..'
MARKETS
LISTED
inclusive, compiled from official sales lists
Sale Price
STOCKS—
9%
-100
-
MCanadian Funds
Week's
KM
18
17
18
Friday
26 to March 3 both
Jan
Mar
13%
_5
Fuller common—
Montreal Stock Exchange
Feb.
,
Feb
Mar
42%
common—
—
Baer &
Jan
16
*
*
common-—
Preferred
9 Mi
35%
63
25
common
common
145
8%
A
10
165
17
497/a
0
*
Scullin Steel common
Jan
27
Pub
9 Ma Mar
97
;
High
Feb
Louis
Scruggs-V-B
10
37
16
__20
Bldg Equipt common—3
7% Jan
9 Ma
5
5%
•
25%
310
27
8%
—*
(D L) Candy——
Columbia Gas & Electric common
Low
8%
*
3t
Range since January 1
Shares
10
36%
*
Dry Goods common
Bank
Feb
Mar
7%
Candy common
Louis
23 Ma
9
_5
Portland
Rice-Stix
5% Mar
0
common
Cement
5M2 Mar
4
Piping & Supply common
St
High
26%
*
—
——
official sales lists
46 Ma Mar
25
Missouri
for Week
■
—1
——10
1
—
Midwest
Sales '■■■
Week's
Last
6% Mar
50
Electric common-
National
Jan
210
Pepper common—
Steel
6 Mi
6%
Electric Co.——
Bottling common-
Emerson
--
High
Low
High
46%
Columbia Brew common
Feb
Range since January 1
Shares
6%
common—
Burkart Mfg common—
Century
for Week
46%
Coca-Cola
15
228
preferred
Brown
Mar
Feb
Sales
Range
——1
American Inv common
5%
Week's
of Prices
Low
Par
Jan
2
1
34%
•
60 Ma
33 Mi
565
,
Jan
lM4Mar
1,145
35
'v
Sale Price
STOCKS—
Feb
Jan
Va
994
114
t
Jan
Ma
316
a
Jan
9%
43
57% Jan
5
250
SL593
Exchange
'
Friday
170
39%
CEntral 7600
Bell Teletype
St. Louis Stock
18% Feb
29% Mar
Jan
.
Laclede
■
1871
Exchange Associate
New York Curb
McQuay-Norris common
\
Feb
Unlisted Securities
Mercantile Exchange
Associate Member Chicago
S & D common—.
International Shoe common
M; 5
>
Mr-
'
Huttig
4 to March
565
4th St., St. Louis 2, Missouri
Hussmann-Ligonier common_
March
25 Ma Mar
25 Ma
Chicago Board of Trade
Chicago Stock Exch,
Feb
29%
29%
__
—ilO
—-—20
——
Westmoreland Coal
Jan
23
Feb
34 Ma
17%
United
Westmoreland Inc
22 Mi
25 Ma
St. Louis Stock Exchange
'
%
'
33 Mi
120
Mar
33%
59
preferred
—.———*
Gas Improvement—
distribution
Feb
32
Jan
22
Feb
23% Jan
116%
43
27%
■
—
Ex-stock
31%
32
8M4 Mar
•i
Feb
4 Ma
:
9M4
common—4
25
'
25
common————-*
Preferred
Feb
Established
Feb
24%
Transit Invest Corp
United
6%
*
300 North
Jan
Jan
118'4 118%
—1
—
409
7%
7,000
Edward D. Jones & Co.
58 Mi Mar
:,a.;
52
29'/a
28%
-*
————————
Feb
8 Mi
8Mt
Feb
26
162 Ma 165
29%
17%
29%
---*
common—
Sun Oil
Feb
5
; 3%
'
9% Mar
6 Ma
6
4%
1
Oil Corp
Dome
7c
Jan
578
4%
'
Salt
Jan
6c
4%
St. Louis Listed and
Jan
Feb
5
-
45%
33
-
Jan
2c
5c
82% Mar
6 M»
»
.
50
-50
5% Mar
4%
100
5%
5%
4%
7Ma Mar
Jan
6
19%
——100
25
—3
preferred
Pow 8%
4.4%
Phila Elec
Jan
New York Stock Exchange
5 *
29
163
•
-,-*
Philadelphia Electric Co common
Jan
7 Ma
9V8
6%
Light----——*
1
Pennsylvania RR
50
Penna Salt Manufacturing
50
Pennroad Corp
Jan
90c
Mar
36
'
5%
415
55 Ma
>■
Feb
5 Mi
Jan
80c
Jan
14 Ma
^
46Ma Mar
102 Ma
.
21 % Mar
41%
6
National Power &
3414 Feb
130
Feb
159% Mar
Feb'}##
310
5
9%
50
19
45 Ma
58 ',4
-10
*
Motors
Lehigh Coal & Navigation
Lehigh Valley RR—
—.
36'
16%
::V/
Jan
156
91
•
Jan
14%
428
♦,
7%
■
'KK;
—
21'4
80%
<
14 Ms
Light common—13Mi
Storage Battery
*
•
■
20'4
57/a
Delaware Power &
155
15%
158% 159%
High
6% K .7%
8Mr
—
JUU
Low
36
~-/
*
*
—
;
7Mi
-5
—
—
Pub Co common.
Curtis
>159 /a
21 j
& Tel—_—
American Tel
14%
'15%
•
—100
Baldwin Locomotive Works v t c_—13
Bankers Securities Corp preferred__~50
Budd (EG) Manufacturing common—*
Budd
Wheel Co——
——*
American Stores
•
Feb
Jan
4%
600
85c
3
Springs——
Vanadium Alloys Steel.——
Westinghouse Air Brake
Range since January 1
High
Low
:''K;Par
>K
4%
1
*
Steel
MJStandard
Shares
of Prices
41
95
1% Mar
5%
6c
—"
Bros—
&
Shamrock Oil & Gas common—
for Week
Range
Fast
Reymer
San Toy Mining
Sales
Week's
Friday
110
320
-
360
80c
Feb
1%
"
——
from official sales lists
both inclusive, compiled
to March 10
4
46 Mi
98% 100
100
5
Pittsburgh Plate Glass—
——25
Pittsburgh Screw & Bolt Corp—
*
Renner Co
——1
100
1%
46%
————_.—*
Preferred
March
1%
5 Ma Mar
Feb
25
Ma
Feb
Mar
.
I
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4263
Volume 159
CANADIAN
v.vA<
AA.AAwA
'
Friday
-^viA-'Sv
■
-./i:
:
y;.
'
'.
■
'
Par
'
-
L°w
50
50
6%
Low
22%
100
96 %
Quebec Power ————12%
Regent Knitting preferred-.-——25
Rolland Paper common——"
*
96%
12%
21
10%
96 %
12%
21
10%
102
102
Corp common—a v'
3
Class A preferred
50
14%
14%
St. Lawrence Paper preferred
__100
—
50
Shawinigan Water & Power— ——15 Va
15
Sherwin Williams of Can common—-41 5
',
15
Simon H & Sons common—-——41
11
3'%
5%
preferred
__
—
:
■
Preferred-—
100
—
50
150
50
7
24
*
:
Power
Week's
Last
STOCKS—
Range Since January 1
Shares
High
Corp of Canada——U—•
7
Price Bros & Co Ltd common—23%
'Penman's Ltd. Common-:.-—
Friday
for Week
Range
of Prices
,
MARKETS
Sales
Week's
'
'Last
Sale Price
STOCKS—
-'
LISTED
6%
505
High
7%
Jan
-■/Vv'
-A
-
a-';.-
Pickle
Jan
Red Crest Gold Mines Ltd.
Crow
Gold
Sheritt-Gordon
Mar
24
Of Prices
Shares
Par
Jan
52
Jan
Sales
for Week
Range
Sale Price
Ltd—
Mines
Mines
Low
Range since January 1
High
Low
High
1
2.15
2,15
300
—*
6c
6c
4c
Jan
9c
Jan
1
70c
70c
1,900
2,100
5,300
70c
Mar
72c
Jan
43c
Mar
65c
Jan
67c
Jan
Ltd
3,415
19
Jan
350
93
Jan
Siscoe
Feb
Sladin-Malartic Mines Ltd.
1
21
Jan
Sullivan
9
Jan
Waite
55
99
Jan
1,490
1,285
3
Jan
3%
Jan
14
Jan
15%
Jan
46%
Jan
53
Jan
15
Jan
16
Feb
15%
2.25
Jan
Jan
11%
Jan
Jan
15
2.00
Feb
12%
175
50
550:
Gold
Mines
Ltd
l
43c
43 %C
68c
68c
2,500
Cons
Mines
Ltd
1
1.68
1.70
10,900
1.62
Jan
Amulet
Mines
Ltd
1
4.55
4.55
1,500
4.55
Feb
76c
Jan
1.80
Feb
4.75
>
Jan
Mar
102
Oils——
St Lawrence
.
,
—
-
Tooke Brothers
Cotton
,
Preferred
—
-
6%
:
;
6%
common—.-^—1—,21%
Y-.YPreferred '
——
————25.
28
40
63
Feb
65
■: "Y 135
69
Jan
Co
Jan
12
100
A100
i—----100
•
Montreal
3%
200
4
51% ^^■25";:
100
10%
15
18
780
7%
Feb
4%
Feb
10% Mar
52
17%
Jan
18%
6%
.50
Jan
,
'•
————————100
Nova Scotia
,
Royal-%-%100
.
■
238
March
10 both
Last
STOCKS—
7% Mar
62
Jan
68% Mar
775
18%
Feb
Abitibi Power & Paper common—
•
6% preferred ————.100
Acme Gas & Oil Co—
:
*
27 %
Feb
21% Mar
Feb
135
135
151
238
Algoma Steel
Feb
135
135%
Jan
240
Ltd
Mar
Co.
Canada
Anglo-Huronian
Aquarius
Arjon
Armistice
Canadian Funds
Friday
»
,
,
STOCKS—
Sale Price
;
'
-
aY-Y
Par
Par
Abitibi Power & Paper common——•
common---—*
Bd —
6% preferred ————————100
100
7%
preferred
cum
27%
.
32%
3
34%
Bank
of
Nova
2%
2%
Base
3'A
3%
36
36
110
*
Feb
4'%
Feb.
7
Feb
•
21
Feb
Ltd——*
23
Mar
Jan
9
Mar
112
Jan
23A
Jan
Jai
Jan
Jai
70
Jan
Jan
27 3A Jan
27% Jan
3,966
1,785
Jan
——_*
Ltd——5
Co
British Columbia Packers
Ltd
,
4%
.
Feb
22%
.
Dock
Jan
20%
Jan
Bonetal
Jan
45%
Feb
Bralome
99
Jan
Brantford
90
Jan
146
Mar
7%
59
1,85
60C
Cassidy's Limited common
Claude Neon General Advert Ltd
Alcohol
V 59
:* Yc
Jan
Jan
2
.
Feb
Mar
2'%
Buffalo
Buffalo
2%
Jan..
6'A
Jan
Jan
20c
Jan
3%
Ankerite
Caldwell Linen
Steel
Mills
Feb
7
Feb
Jan
16
Mar
Jan
37
Jan
Ltd—
Aircraft
Fairchild
_—
5
Companies voting trust
Fraser
Lake St John Power & Paper—;
*
Bank
Jan
Canadian
Breweries
23% Mar
24'A Mar
Feb
16%
15 %
Jan
35c
Power & Paper Co—,——*
18
Massey-ttarris Co Ltd 5% pfd——100
Oil 6% cum pfd-100
Distillers Ltd pfd
10
Jan
of
19 3A
McColl-Frontenac
103%
Melchers
7%
8
Montreal
50c
7'A
Jan
21
Jan.
—;—*
Lt & Pr common—;——*
77
77
77
Mar
Manufacturing Co common——*
57
57
54
Feb
of Canada 6% 1st pfd—100
Provincial Transport Co
—
*
Reliance Grain Co Ltd preferred—
*
97
97
91%
Jan
7%
7%
8'%
Paton
Island
Power
Co
Power Corp
Sangamo Co Ltd—-———*
Sarnia Bridge Co Ltd new——
*
Southern Canada Power 6%
Thrift Stores
6%%
pfd——100
95
5
92%
27%
5
Feb
Feb
27% Mar
5
105% 105%
104%
1st preferred——25
21
Distillers of Canada, Ltd——*
United Securities Ltd -—--—--100
Walkerville Brewery Limited—:__—*
2%
United
5
1.75
Mar
61c 61 %c
573A
Aunor
Mines
(Sold
—
Bidgood Kirk Gold Mines Ltd—-—1
Cartier-Malartic Gold Mines Ltd—1
Central Cadillac Gold Mines Ltd:.——x
Century Mining Corp Ltd -iJ—1
Cochenour Wilans Gold Mines::——1
East Malartic Mines Ltd.——J—1
Jan
Mar
Inspiration Min & Dev Co ——'—,__1
Joliet-Quebec Mines Ltd--————1
2%c Jan
5c
8c
Jan
12c
2.08
55c
Mar-
•55c
14c
6%c Mar
Jan
4Vsc
Jan
100
15%
Feb
15%
Jan
Lapa Cadillac Gold Mines Ltd——1
Normetal Mining Corp Ltd———*
9c
9c
500
8%
Feb
9c
Mar
Jan
80c
75c
75c
200
1.69
1.69
100
1.24
1.24
500
7'%c
8c
3,000
Ltd—
Gold Mines Ltd—.——-*
Pato Cons Gold Dredging
Perron
For
footnotes see page
1071.
1
3.50
3.50
100
1
92c
95c
800
70'%c Mar
7%c
7%c
2,000
6%c Jan
3.90
4.00
600
3,55 Jan
Jan
Jan
93c
8'%c Feb
Jan
4.35
7c
500
6c
Feb
9%c Jan
16%
17
17
545
15%
Jan
17
3c
Jan
4c
Jan
Feb
9%
Feb
2.00
__
2.24
22'%c23'%c
__
} 9
Jan
10%
20
6%
.
6%
400
6%
Jan
20
150
104%
106 106%
44%
45
,
*
98
:
,
99
150 1 150
11%
12
"
i
,2.24 Mar
25c
„
v
.
t
.;
.
60
32
Feb
61
Jan
57% Mar
577%
Jan
113% Mar
Jan
1.90
21c
57%
Jan
7%: Jan
Jan
Feb
107
43'A
Jan
46
Feb
90
Jan
99
Mar
145
Jan
150
Jan
;•
Dock
&
Jan
12% Mar
235
31%
Jan
35% Feb
67
10
20
15
135 135'%
135
9%
35
67
—
285
34%
12
34%
*
19
2,643
6%
7
7
20
*
*
25
Rv_
Gold
—
—
40'%
8'%
Jan
Jan
443A Mar
97/a Mar
24
14
9%
28
45
440
105
595
22'%
Jan
24
Feb
12
Jan
14
Mar
39'%
265
35'%
148 150%
—
80
.
144
165
15
44
17%
Mar
765
19
2,795
15
1.82
3,100
10cll'%c
9,600
1.80
4'%
4%
•
100
41,675
6,850
27
62c
46'% Mar
Jan
12% Feb
Jan
Feb
1.62
Jan
17c
1.92
Feb
Jan
4 3%
Feb
Jan
Feb
40c
Jan
Feb
1.72
1.30 Jan
J..27
Mar
19
13c
8V2C Jan
4'%
Mar
136
Feb
18%
Jan
80c
Mar
10%
Jan
5 3A Mar
5'% Jan
133
Jan
50
Jan
117
Mar
39% Feb
150% Mar
Jan
Jan
48
Feb
28
24% Jan
167%
40c
1.65 Mar
Feb
..
1.50
13
1.50
13
240
25
13%
Feb
Mines..—.1
%_
1.92
1.98
4,600
1.86
Jan
2.08
Jan
-•
12%'
12%
12%
310
11%
Jan
123A Feb
1
25c
24 %c
26c
22,750
——_*
>._
32c
33c
1.20
1,000
500
Mining & Smelting———*
Knitting———.—_*
Gold
Co.——
—
...
97%
Jan
44
1.52
Lake
8%
16%
167%
35c
Plow
Feb
145
100
1.43
Willans
Mar
7
9'%
40c
Bar
; Jan
44%
—19
Corp.—
5
Mar
135% Mar
Jan
38%
—
*
Mines
132
23%
13'%
9
27
24
*
A
f 18% Jan
44
44%
13%
.—.»*•
Alcohol
67
20
Jan
65
9'%
.*
common
Pete
1.50
5
1.20
......*
1.45
——.—
Mines
1.20
3%
41
..—100
133
100
36
1.45
1.50
2,700
15'%
-
Bakeries
Consumers Gas (Toronto)
15%
70
3%
40%
3%
100
715
41
64
258
133 133%
34
36
13
Mar
15J%c Jan
28c
Feb
Feb
33c
Mar
29c
1.42
1.20 Mar
Jan
1.70
Jan
Jan
15%
Feb
3%
Feb
38%
Jan
33A Feb
41'% Jan
1.45 Mar
15
128
Jan
134'%
Jan
34
Feb
36
Mar
85C
75c
75c
200
65c
Feb
5%
75c
Cub Aircraft
Dairy
Mar
3%e Jan
166
Mines Ltd————1
21,150
1.15 Mar
Jan,
7c
•
Crow's Nest Pass Coal
Jan
15%
Porcupine Mines Ltd——*
Pandora Cadallic Gold Mines LtdY—1
72c
67c
Jan
5'A
189
5
Feb
14%c 14%c
93c
93c
500
900
1,000
14'Ac Mar
37'A
530
33% Mar
28Vt
162162'%
22% 23'%
7%
8
534
38
Jan
Jan
1.98
6 Vac
O'Brien Gold
70%c
Consolidated Fire & Casualty.—10
Consolidated Mining &; Smelting-—_5
Jan
Feb
1.82 Mar
6 Vac
Pamour
95,039
1.45
Cockshutt
Mar
15%
Ltd—:—
1.15
—1
Chromium
Jan
2%c
1
Rand
1.06
__
100
—
Research
4%c
Mines Ltd _—,———_l
Kirkland Gold
Lake Shore
24%
Chesterville Larder Lake Gold Mines.-l
3%c
500
Mar
Chateau Gai Wines———*
500
10.500
22
1.80
45c
-55c
275
11'%c
45c
8%c
227%
—1
500
8c
Jan
22
3.90
50
I
preferred
Patricia
3.45
55C
24'%
Central Porcupine Mines——:i
3.45
1.92
Jan
71c
._*
Wirebound Boxes
Canadian
Coniaurum
100
22
Feb
Consolidated
400
150
Feb
Jan
1,000
24 %
;
;
11'%
Jan
1.83
24
?
10%
3%c
1.95
Feb
11'%
18c
1.82
21'%
—25
Jan
1.95
1,490
24%
22%
Feb
22%
Pacific
Jan
Jan
Feb
21%
Canadian
2c
8c
26%
Jan
12
15c
1,500
27,600
Jan
217%
136
2,400
8C
26'%
1,528
136
9,000
lie
5
23%
22'%
:
26'A
—
2Vac
6c
x
Feb
Mar
23
100
Jan
9
48
:
26'A
Oils
64c
1
23%
Canadian
Jan
Jah
67'C
12'% Mar
Mar
3.45 Mar
Jan
27c
770
Jan
37c
Feb
850
61
Jan
Jan
66c
Circle
157
20c
5%
Mar
152% Mar
11 Va
46%
Mar
Mar
2,205
62c
3
Feb
29
28,950
5%
5
Jan
Jan
21'%
27c
42%
Chemical
Mar
9
2lc
43
Mar
2.45
Mar
ll7/«c 12'Ac
__
62c
2 % Mar
85c
Jan
4
26c
5%
Central
Jan
1.75
10 %c
.—_..—*
5%
3% Mar
Feb
Industrial
Feb
36c
Feb
16% Mar
2% Mar
8c
Locomotive
7'%
Feb
ll%c
15,500
Canadian Malartic Gold Mines——*
27% Mar
14%
a
9c
Canadian
95
Jan
Jan
Jan
Jan
8'%c
"
Canadian
2%c
11c
46,000
2%
10c
16c
9c
-100
15 %c 15 %c
40c
51c
Feb
23
3.45 Mar
45c
*
Products
Coniagas Mines
Corp Ltd—---—*
1
Mines Ltd———— 1
Copper
182
Mar
Coin
Amm Gold
155
-.50
preferred
Commonwealth
Aldermac
152%
Mar
Jan
Feb
175
153
.———*',
Food
Cochenour
•
;
29
96
•
Walker-Gooderham & Worts Ltd H—
Common
28%
common...__—*
Dredge
Canadian
Jan
Jan
29
57
1.00
Y
105
Mar
89,021
235,550
50
12,050
1,500
common
Celanese
Canadian
Feb
Jan
Jan
14,651
4%
77
Jan
7
95
27%
25c
85c
1.88
4
11%
Preferred
Jan
45
Feb
Jan
j;
preferred
Canadian
105 Va Mar
Jan
50c
Nova Scotia
New
6% Mar
230
1
1.76
:
4
•
Commerce
Canners
Convertible
21'% Mar
6'A Mar
Maple Leaf Milling Co Ltd common—*
3%
70%c
1,83
*
1st preferred
Feb
16%
—*
Canadian Car & Foundry common
MacLaren
50
1,500
11%
Preferred..
Canadian
Jan
18%
,
Mar
3
Class B
Canadian
20c
Voting trust
——
International Utilities class B_——-_1
Jan
3
3
: 10%c 10%c
74%c
v
1
—
Jan
Jan
245
3%
*
Cable class A
Feb
Jan
Jan
13c
20
Wire &
4
Feb
237'%
—
Preferred—
Canada
3'%
19%
10
15%
Mortgage100
Canada Steamship Lines common
.*
Jan
20
_*
*
157
__
Canada Permanent:
Jan
24 3A
Jan
237% 237'%
10'%c
—100
3'%
23 3A
150
25
Ltd
2%
Aircraft Ltd—?.
Ford Motor of Canada Ltd A——
*
Fleet
20
_1
—
Packers
6
Feb
23c
9,800
*
Malting Co..
Canada
14..'
xi:/aC Jan
15c
152
Jan
class B
Canada
32
Feb
Jan
151
;
.1
Bread Co
Feb
——*
Jan
4.15
8%
2nd pfd
Feb
9'A Mar
Jan
9c
43'%
Calmont Oils
Preferred
Jan
53c
Jan
Feb
18c
14%c
152
225
Mar
East Kootenay Pr 7. % pfd——100
Eastern Dairies Ltd 7% cum pfd—100
26,250
23c
1,500
4
Drummond Realty Corp
19%c 21 %c
8%c Jan
Feb
65c
■
60
Canada Cement common
Jan
3.20
Jan
4'%c Jan
4c
Mar
7%
10,550
42c
1,200
9'%
32
•
3.50
9,500
47,300
47c
9
Jan
Paper Co Ltd—
3.40
Feb
4c
28 3%
Donnacona
3.40
,
Jan
12c
:_.*
Dominion Oilcloth
57%
23c
6.60
55c
Mines———*
Canada
17
5c
18c
Jan
2,500
12,200
.
85
...
29'% Mar
Feb
6.10
14c
9
Calgary & Edmonton Corp Ltd.
Jan
Jan
1,207
63c
•
Feb
Jan
6.45
56c
48
Mines...
Gold
Bunker Hill Extension
Jan
6.10
__
Jan
47
Canadian Gold Mines
Jan
3%
Mar
58'%c Feb
8%
Mines, Ltd.—
Burlington
3%
69c
Power class A——.*
Feb
11%
18,550
90'% Mar
48
Cordage preferred
Jan
Engineering Works Ltd——*
& Linoleum
*
Dominion Square Corp.—
*
Dominion Woollens common-1
—*
Preferred
-20
69c
•
Feb
63A
Jan
64c
1
Building Products Ltd——...
Feb
6 3A
99%
,
—50
...
5'A
J,
99
Jan
___«
24%
Corp
Paper
Jan
96
12V»c
100
pfd
Dominion
Consolidated
88
205
,
Ltd
Broulan Porcupine
Brown Oil Corp
Mar
7
53
Jan
80
98
227%
British Dominion Oil..—...1.15
7
V-
89
93'%
5c
1
...
25
A'
87/a Mar
18'Ac
9
Mines
Mines,
British Columbia
Jan
67% Mar
*
Gold
90%
100
1.68 Mar
92'%
.
...—1
British Columbia Packers.
2'%-Mar
75c
Jan
15c
preferred:--——5
Ltd
—-•
\
Jan
Mar
47%
Alcohols Ltd common—*
Commercial
\
Jan
5
1
*
rfoifimereial
.
Jan
174
V:'A Oi-'f;'- Jan
preferred
—100
Westinghouse Co Ltd
-*
cum
Canadian
Mar
6
*
Vickers Ltd common
156
Jan
9Va
13c
Brazilian Traction Light & Pwr com..*,
British American Oil—
......
*a
•17%,Jan
-
169'% Mar
,
Canadian
Jan
15
Jan
10 V4
*
—
Bobjo Mines Ltd
20
Co Ltd
Jan
18c
.1
Corp 5%
43%
*
Canadian Industries Ltd "B"———*.
7% preferred
-—100
Canadian Inter Inv Tr 5% pfd
100
Canadian Marconi Co
—1.
Canadian Power & Paper Inv Ltd com_*
5% preferred —
—
*
Dredge &
14c
Jan
1.10 Jan
97'%
*
—
Feb
Malting Co. Ltd.—,———
*
Canada Northern Power 7% pfd—100
Canad
Mar
'
—100
....
B
107%
104%
11a
15c
21c
common—
Jan
Calgary Power Co Ltd 6 %. pfd
100
Canada & Dominion Sugar Co——*
1,500
7,450
14'%c
Bidgood Kirkland Gold
Biltmore Hats
Jan
24'% Mar
66,475
11c
1
Bell Telephone of Canada——
8'A Mar
.
1.68
lie
15c 15%c
........1
Rights
•
Beatty Bros class "A"
Jan
1.45
64c
—100
Scotia
Bread
Blue Ribbon
Canadian
.1
—
Bear Exploration & Radium
Beattie .Gold Mines Ltd.L
4% Mar
10%
Jan
98
-
Metals
Class
10c
90%
Mining.4
*
Bathurst Power & Paper class A—*
,
7'%c Jan
1
—......
Range since January 1
Low
High
Barkers
Jan
3,000
v
—l
.....
Montreal
pfd-100
*
Brewers & Distillers of Van
Oil
.
3
34%
Mines
of
Jan
Brandram-Henderson Ltd
American
Shares
36%
43c
Bank
High
Jan
87%
1
Bankfield Cons Mines
60
Bathurst Power & Paper "B"
Beauharnois Power Corp Ltd
British
of Prices
Low
27%
Gold
Bagamac
Bales
for Week
I——100
—
Aluminium Ltd 6%
Weetc's
Range
-
Last
'
official sales lists
Jan
4,320
—
.*
Mines,
Astoria Quebec Mines...—
Aunor Gold Mines Ltd.
March 10 both inclusive, compiled from
3%
34%
9'%c
1.75
Mines.—.——..1
Ashley Gold Mining Corp—
March 4 to
Jan
32
9c
pfd-100
———J"-..
Ltd——
Gold
Gold
High
2%
34
5%
Anglo Canadian Oil
Loir
2,325
—•
common..
of
Range since January 1
3
*
—
'
2%
.—..100
Aluminium
Aluminum
Jan
142
common
Shares
High
3
—15c
Preferred
Feb
155
Low
Ajax Oil & Gas
^
1
Alberta-Pacific Consolidated Oils—1
Copper
for Week
of Prices
i
Jan
28
Jan
Exchange
Range
Sale Price
a
Par
:•
3.65 Mar
21
inclusive, compiled from official sales lists
Friday
Week's
Sales
,
Feb
16% Mar
141141% "
142
to
365
■
Jan
Jan
Canadian -Funds
March 4
Jan
105
68 '
135
134%,
151
238
135
135
.
3.25
20%
*
Toronto Stock
Feb
Aldermac
Commerce
•:
Limited
Jan
Banks—
Canadienne
'
Ltd
71% Mar
10%
425
21'A 21%
■.27% .■
28
(
Oil
Royalite Oil Company
110% Mar
11
Feb
Jan
'
Zellers Ltd
Jan
109% Mar
10
71%
12
67
100
—i
11
,
■
,125
51%
10%
18
-
—*
20
155
'
10%
64%
3%
—
—
41
Ltd.
Winnipeg Electric common——
YYYY,:;325Y::
71
12
—
•
*/
preferred——100
...r
Western Grocers Ltd
Wilsils
■■
1,337
1Q
64
71
*
j
—*
Steel Corp
United
Wabasso
•-*..
——25
Canada common-
of
Preferred
15%
H
332
109% 110% ;
Simpsons Ltd preferred
100
110%
Southern Canada Power-—10%
Steel Co.
14%
51%
15'/a
Home
Davies
:
Delnite
Corp
*
—
common
14%c
Petroleum—
Nickel
—1
Mines.—
Distillers
3'%c
1
Denison Nickel Mines
37'A
Corp—Seagrams common....•
'
Dome Mines
28%
—
Jan
Dominion
Bank—-——-—J—100
—
Jan
1.75
Feb
Dominion Foundries & Steel com..—*
23%
/1.24 Mar
1.30
Jan
Dominion Steel
^^-2»
8
1.38
class B——
7c
Jan
10c
Feb
Dominion
3.40
Jan
3.50
Feb
Dominion Tar & Chemical common—*
Mar
1.06
Ja'n
92c
......*
Stores
Preferred
—
.100
.
10%,
35'%
3'%c
27'%
9%
10%
8%
10
Jo-
ii.
,
1,635
340
1,285
2,445
70c
5%
Feb
Feb
1.00
Jan
4c
2'%c Jan
26%
Jan
Jan
18c
Jan
37'A Mar
.
29 7%
Jan
155
Jan
162'A Mar
22
Jan
23'% Mar
8 3%
7%
Feb
9%
Jan
11
.Tan
Feb
7%
Feb
10
Mar
104%
Feb
106
,
Feb
' -*"•
V
Friday
Week's
Sales
Last
Range
for Week
of Prices
Shares
Sale Price
STOCKS"
Preferred
a
JL
Oil™,
Crest
East
1
i
*
1
Mining Co—
Duquesne
Eastern
Malartic Mines
English
Elec Co of
Class B
Farmer
Fanny
'
B
Class
Canada class A
Co
1,774
23%
Jan
25
24%
100
24 Va
Feb
24% Mar
15%
■
24%
15%-
5. •
iw
l
1
( 84
Jan
90
Jan
93
Feb
95
Feb
Pioneer
11%
240
11%
Feb
12%
Jan
Jan
12c
Mar
1,000
20,200
17c
Mar
22 %c
Jan
6,500
15c
Jan
18%c
Jan
Pressed
Metals
2%c Jan
5c
Preston
East
4,500
11c
56,600
9%c
Jan
15c
Jan
Prospectors Airways
3c
5,500
IVaC
Jan
5c
Jan
87
95
84%
Feb
Queenston Gold.Mines!
Quemont Mining Co.—
4'Ac
1,000
4c
320
.5
250
23
23
50
19%
Jan
24
31
36
Feb
42
80
11
Jan
12
20%
42
40
42
11%
11%
;<iV.
4c
4c
1,500
18c
18C
1,700
6%
7
250
74,000
675
3.50
Jan
6
200
5 Va
Feb
10
2%
4
4
com——1
f'-
5
:
:
4 5
•
1.00
1.09
7c
63c
61c
63C
60c
2,500
*
—————
Inglis (John) Co.——.
„—-—6
Inspiration Min & Devel_;———.—— 1
International Coal & Coke Co—
1
International Metals common A
—»
———-—.—100
Preferred A
—_—.—-—100
International Milling 4%. preferred-100
Preferred
Petroleum
Utilities class
Jack
M.
Kirkland-Hudson
72
Feb
168
Sudbury
11% 4 11%
12%
10%
10%
80
9%
Jan
10% Mar
20
28%
Jan
30
Feb
7%
7%
25
6%
J an
54 %c
Feb
61c
Feb
19%
465
30c
19%
103
..
29%
21%
Feb
Tip Top
Preferred
30
99
Jan
103
Feb
125
99
Jan
103
Feb
108
15
108
Mar
110
Jan
28%
29-/4
6,442
28% Mur
31
Jan
21
21%
3,883
20%
Jan
23
Jan
25c
25c
100
20c
Mar
30c
Jan
6c
11,500
5c
Jan
6%c
Feb
4c
4c
3 Vic
Jan
6%c
Jan
23c
Jan
40c
Feb
5
Feb
7%c
Jan
4c
Jan
34c
6c
18,000
2%c
2%c
2%c
14%
14%
5
9.35
9.60
3,095
"38c
38c
900
96c
99C
14,726
%
Jan
Jan
15
Feb
Jan
10
Feb
United
35c
Jan
50c
Jan
United Steel
Jan
05
—
99c
95c
15%
15%
15%
1.09 Mar
14V8
Jan
17%
26
Jan
Mar
26
26
20
22%
Jan
6.35
1,986
5.95
Jan
6.45
Jan
8%C
8%c
9c
11,200
6%C
Jan
11 %c
Jan
14
14%
440
13%
Jan
14%
Feb
3%c
3%c
3%c
2c
Jan
6 VaC
Jan
1.08
Lac Gold Mines
class A
26
6.25
1.08
1.13
1.00
95c
1.00
24
23%
24
23%
3.55
'
—-———
Ltd—
Groceterias
B
Jan
23
.——
——
Mines. Ltd
74
3.60
»
2,000
1.08 Mar
1.27
Jan
90c
Jan
1.24
Jan
255
22%
Jan
24
23%
70
22 %
Jan
23% Mar
3.70
1,825
3.40
Jan
3.95
Feb
2.55
Jan
2.04
Feb
3.75
Jan
3c
10
1.24
Ltd.—...1.
Mines, Ltd
Waite-Amulet
WalkerGooderham &'Worts
!
Preferred
Flour Mills com.—6
5
78%
100.
4%
V
78
12
16%
Feb
Feb
1.64
Feb
6
Mar
7%
Jan
90c
,
Mar
1.09
Jan,
6%
Jan
814 Mar
2.32
Jan
2.80 Mar
35c
38c
Jan
Jan
1.25
19,854
75c
Jan
ll%c
Jan
4VaC Jan
Jan
64c
6c
•2,000
Jan
Jan
Mar
35
-
20
Feb
25
80
:•'/:■
28
Feb
30'A Mar
Feb
8c
2,000
9c
141
21
Jan
134%
88
240
20
890
19%
,
11c
•
Jan
21%
Feb
26'A Mar
199
Jan
255
190
102
Jan
142% Mar
Jan
55
102
Mar
102
3c
2%
Jan
35
11%
Mar
.
5c
Jan
100
Jan
1,000
Mar
Jan
'
3% Jan
15 J Feb
3.95
Feb
3.50
Jan
3,600
5c
Jan
7c
Jan
30,000
40c
Feb
50c
Jan
15
Feb
16
Jan
5,589
230
5,200
98c
Jan
69c
72c
6c
2%c Jan
2,200
32,853
Mar
■
Jan
1.06
Feb
79c
Feb
8.75
2,625
/:•;
50
Jan
11% Mar
10
60
Feb
11
Mar
25
Jan
29
Mar
105% Jan
125
HO
Jan
14,075
42c
Feb
66c
Jan
8,700
19,050
64c
Jan
79C
Jan
3%c
Jan
45,055
,
65c
Jan
5
Mar
1.20 Mar
2%
Jan
3% Mar
165
10%
Jan
12 Va Mar
640
K! 5'A
Jan
1,095"
•
Mar
7
81
Jan
65
Feb
110
66%
Jan
72
Mar
18,125
2.04
Jan
2.29
Jan
1,225
2.05 Mar
2.35
Jan
2,000
4'Ac Jan
7c
Jan
16,000
1.60 Jan
1.80
Feb
90
9
/??
16
3.40 ;
10
Jan
2.47
Feb
16
Jan
Jan
3.85
Jan
Jan
11
2.00
15
225
3.25
6,305
V
83% Mar
83% Mar
v
2,800
8'A
30
Jan
Jan
10
■
115
Jan
12
Mar
12
Mar
10
:
92
50
52'A Jan
53
Mar
40
85
90
Jan
'; 2,000
S
Jan
Jan
19%c Jan
Mar
15c
91
Jan
45c
5,100
6%
350
27%
Mar
•
Jan
16
Mar
Jan
38
Mar
5 ;
122
Feb
5%
3%
2,755
4% Mar
Feb
2.48
1.96
Jan
17,278
6.00
Jan
7.00
130,300
11 %c
Jan
19c
20c
Jan
24c
12,175
2,000
4.85
4.50 Jan
3,367
Feb
7'Ac Jan
5%c Feb
2,500
6.75
Jan
12
32%
220
32
Jan
814 Mar
Jan
25
5
Feb
52c
88% Mar
66
Jan
Jan
Jan.
Mar
Jan
513
57%
Feb
62% Mar
170
20%
Jan
21'A
Feb
25c
Jan
26c
Jan
3,750
25%c25%c
25VaC
—
..——J.
Preferred
^
—
1
Wendigo Gold Mines
Western Canada
4.55
62
Feb
L73
y\ -
45,360
_
12c
14c
23c
24c
4.55 4.60
60 62'/a
21 21%
—
•
*
com
6.25
Jan
2.47
2.20 Mar
1.26 Jan
Jan
Mar
2.26
Jan
1,84
500
35c
1.06
34c
—6c V 6c
3%
4%
2.05 2.15
4%
2.10
6.65
12'Ac
*•
—
—
1.15
17
13% Jan
4%
350
5
79
12 V2
16%
5%
Feb
Jan
45
75
Jan
83
Jan
25
11%
Feb
13
Jan
Jan
16%
Jan
17c
Jan
18,650
5,740
.
■/;
Mar
MacLeod-Cocxsr.utt Gold Mines—
2.18
2.18
2.24
9,500
2.18
Feb
Lake Gold Mines—
Fields
Manitoba & Eastern Mines
1.90
1.89
1.92
11,200
1.60
Jan.
3.45
3.40
3.55
10,000
3.35
Jan
2c
2%c
37,700
9
9%
135
7%
Jan
10
6%
6%
125
6
Feb
7
Feb
15
Western
Westons
Ltd
common...
Wiltsey-Coghlan Mines
—
■
16'A
•
.—100
64%
3.00
•
4c/!/ 3%c
Mills common.7i,A
7'A
—
66
3.05
Mines...±
Ymir Yankee Girl Gold Mines
Wright.-Hargreaves
15
535
4c
61,600
12c 13'Ac
6%
7'A
13c
6%
1
——
Winnipeg Electric common
Preferred
'
*
_*
Products.—...
Steel
6% Mar
663
60%
548
68
7%
Feb
69
Jan
Feb
Jan
Jan
2,355
2.95
Jan
3.50
Jan
2,000
3.10
3%c Mar
4'Ac
Jan
Jan
460
13
Jan
Red
Madsen
Gold
Malartic
Maple
Maple
2'/8C
9 >4
Leaf Gardens preferredLeaf Milling common.—
Preferred
Massey-jtiarris
——
Frontenac
McDougal
Red
8%
8%
1,145
7%
20%
20%
1,355
19%
Jan
8
131
7 Va
Feb
105
106
70
103%
Feb
common
-10
105%
6c
Exploration
Mines.
McLellan
McVittie
Mines
Graham Mines
Gold
McWatters
Gold
Corp
Mining
15 %C
.
.19
10
25
5
38c
46c
4,900
39c
Light Heat
Co
Ltd
Negus
Jan
37%c Jan
19
Jan
Mar
Mar
4% Mar
83%
Feb
47c
Feb
Feb
21%
910
19
Jan
22%
52 V2
375
46%
$an
52% Mar
810
27%
28
425
14%
-15 Va
725
175
180
30
72c 86 %c
219,500
50%
1071.
5
12
28
,_10
page
"
14%
...
Noranda Mines
1.75
1.75
11%
79c
see
Jan
Jan
74%
2.15
24c
21
1.75
2
...
Co
footnotes
3
Feb
51%
common
Mines
For
Jan
52
Preferred
Trust
Mar
21%
Power..
common...
Grocers
16%
Jan
50%
51%
1
2,830
1.65 Mar
9%
27 Va
13%
Jan
Jan
160
59%C
48
Jan
Feb
Jan
% Jan
1.95
12
28%
15%
180
86 %c
52
7% Mar
Jan
v--. r
inclusive, compiled
March 10 both
Jan
Mar
Jan
Jan
Mar
Jan
Feb
Sale Price
/'■
-
'
,
''
Co—JL—.—i—.-S
Copper
Coast
Consolidated
Corp.—
Paper
Oil
Dalhousie
Disher
.".100
Oil
&
__
*
Ltd
Selections
Co..
1.35
—
*
100
Gas
Shoe
Humbertstone
Oil
40c
Co
Dominion Bridge Co——.:
Langley's
i.
100
preferred
20
<
*
—
•
Ontario Silknit scrip
1
Osisko Lake Mines
Pend
Oreille
Temiskaming
Walkerville
15
•
Construction pfd——
Steel
Foothills
—
Mines
&
Mining
Brewery
Metals
—
a
—_—a——1
—*
,
-
24c
—
—
2'A
1.10
6%
84
1.40
40c
4 Va
15
29
1.40
15-
20
20
84
1.40
40c
4V2
15
29
1.30
—'
-
*
*
—
Aircraft
deHavilland
,
•
Corrugated Paper Box !pfd
Crown Dominion Oil Co
8
2%
v
Range since
Shares
Low
High
8
2%
—
2% ' "
.1.05 1.05
6% *'
6V4
1
Canadian Marconi Co i
of Prices
Low
Par
,
Mills.—'
Silk
Bruck
for Week
lists
Sales
Range
Last
j
•
from official sales
Week's
Friday
STOCKS—
Jan
5%c Jan
Feb
1.85
4%
Feb
Mar
21c
to
:
Jan
8
2,000
4
March
Mar
53c
5,100
77%
1.56
7'A
Canadian Funds
Y,'A.
Feb
Jan
24c
19
7c
61
Jan
Jan
1.92
4%
106
6%
230
Exchange-Curb Section
Toronto Stock
Jan
6
1.87
Knitting
4c
Feb
19%c
190
77%
8%
24c
94,700
10
9 Va
21
15 '/ic Mar
52c
York
8C ' Jan
lie
7%
10
—
National Steel Car
National
10,050
'
Jan
7c
46 %c
common
common..
Muirheads Cafeterias common
National
17c
15 %c
3%c Jan
22c
Knitting
Corp
5,500
.
1.90
Porcupine
Montreal
11c
Jan
1.39 Mar
48 %c
of Canada
Preferred
Moneta
4%c
...
& Gas
Oil
Containers
Monarch
Monre
—_
Oils
Modern
4,000
4%c
:?
7
Mercury Mills
Mid-Continental
Model
10,310
57%
310
1.42
9%c
—
Mines.
58
1.39
Mar
6c
1,000
6c
6c
57%
1.40
Mines—
Lake
Feb
8'4
Mclntyre Porcupine
McKenzie
Jan
8
—
Segur
5c
4,100'
6c
5%c
20%
A
20
Preferred
l%c Mar
'
5'/4C
common.
Preferred
McColl
14%
14
—
...
Maralgo Mines Ltd
f
Oils
Vulcan
*
1
•
1
1
!
—
Canada Mines Ltd
Ventures, Ltd
Vermilata Oils
845
A.V-
15 %
3.25
>
::
—
TTnDer
6.30
14%
2.20
Oils Ltd.—J—__
1.17 Feb
80c
27,300
1.09
Mar
—
hoc
>
92c
100
i
Feb
Jan
1,042
—100
—
,110 ,110
Toolce Bros Ltd.—..J.—
—*
—
12
12
Toronto Elevators preferred..——50
—
53
53
Toronto General Trusts
.100.
89
89/ 89
Towagmac Exploration Co...
—1
15c i.
15c
15c
Traders Finance A preferred
—100
—
88% 88%
Transcontinental Resources
—*■
46c
46c
48c
Union Gas Co
—L
* rjt 7lA 1
,7
7'A.
United Oorp class AJ__
'
—
25
25
Class B
'
J
*
—/
14 14'A
United Fuel class "A'|
50
36%
36.% 36 Va
Class
B
—25 V 5%
5%
5V2
14
®
43c
i—
—
1%C
6,000
.
Jan
30,805
83% 83%
2.15 2.25
—
Teck-Hughes Gold Mines
103
30c
.9.35
2.20;
common—•————*
15 %
.——
1 / 3.30
Tailors Ltd cpmmon——-* ,■/ -
20
103
5%c
28c
,4
5,060
90c
8Va'
2.80
3V-» ..'3%. .
12Va
13
6V2
7
64 64%
71
72
/ 2.15 : 2.20
2.05 2.20 '
5%c 5%c
1.65 1.73
Ltd
Tamblyn
Feb
Jan
103
$
7%C Jan
40
1.10. ' 1.20 >
,
71
'
100
1
Supersilk Hosiery Mills pfd..
Sylvanite Gold Mines.' Ltd
30c
1,000
14,800
—-——
Cons
15
103
6c
Jan
•
Mines
35c
108
103
1.58
7
Jan
31c
6,100
4,800
•;
55c
19%
Mar
57c
7%
55c
:
.
Mines.—2.20
—.
5%c
Mines..—
-1 \ 1.70
Basin
Sullivan
—.———25
Miners—^^w--^^ ' :
Steep Rock Iron
Sud Contact
5%C
——-
Jan
161
—
1-14
'
common.:
—J.—
Preferred
32c
—
12 % Mar
Jan
Feb
Gold Mines. Ltd
Little Long
11V2
Jan
.
3 %c
6,800
1.68
108
110<
42c 43%c
65c
67c *
3%'c : 5c :
110,
42c
65c '
.i—-i—
12%
30
10c
715
10
78 Va Mar
Jan
'/ 89
30
Jan
4,250
<■
lOVac IIV2C
.
I2V2
Standard Radio ———.—7
Steel Co of Canada common
;
*
64%
Preferred
14%
■
Jan
7c
29
llVa Mar
Jan
:■••••&
Jan
1.45
,
7,925
10
Standard Paving
—
Lebel Oro Mines
Class
'20
12 Va
Jan
Jan
•
Mar,
98'A
..A,
2.20
2.20
26
11% Mar
13%
Candy.
Laura Secord
Macassa
78%
Jan
30 %
10%
Ltd..
—
Lake Shore Mines. LtdLake of Woods Milling common,
Lamaque Gold Mines
Lapa Cadillac Gold Mines
Loblaw
11
13%
93c
Feb
1.20 Mar
3,200
10
•
8% Mar
2.700
38,700
26
Ltd common..—*
class A————"
————100
—1
Sladen Malartic MinesJ
—
.1.
South End Petroleum
—•
Springer Sturgeon
L:
:
*'
9
Lake Dufault Mines
Leitch
10
33c
ll%c
—1
...——
109% Mar
6% Jan
21,000
17"
69c
70c
i
Mines
Gold
Slscoe
755
.
96c
Lake
4%c Feb
3%c Jan
11
Jan
3.70 Mar
1,443
———
of
12 Va
Jan
3.30
Mines
Simpsons Ltd
Preferred
14
13%
;——
——;
Jan
Jan
Jan
Feb
11%
—
Consol
Kelvinator
Kirkland
11%
6c
Gold Mines
Canada
Kerr-Addison Gold Mines
.J
26% Mar
4c
Mines
Siiverwoods Dairies
'
—
Mines
Jason
Jellicoe
Sigma
Mar
167% 167%
167%,
B—
Mines
Jacola
Mar
13c
16% Mar
26%c Feb
25c
Co
Mining
Waite
•
cutniuuu—
JNioKe*
International
International
60c
50
—.
international
Jan
IIV4C Feb
1,165
12%
common—100
100
Imperial Bank of Canada.—
100
Imperial Oil
Imperial Tobacco ordinary
o
Imperial Varnish common————*
Preferred
Feb
4,700
78%
•
——
75c
28c
11%
~
paid
Jan
Sheep Creek Gold Mines
Sherritt-Gordon Gold Mines—
27%
11%
*
1
—50c
Mining—.
Shawkey: Gold
Feb
106% Feb
3,000
95c
,
60c
20
,.3%c 3%c
3
3
14% ; 14% 14%
3.75
3.65 3.75 '
5c
5c 6I^C
40%c
40c
42c
15 Va ; 15 V4 15 V2
—•
4VaC // 5c
99c
99c 1.00
Power——'
.
Jan
9c
27c
27C.
27%
Hudson Bay
20 'Zo
Shawinlgan Water &
1.29
26%
4c
Oil & Gas..—.——^—*
Gold Mines
*
Mining & Smelting
•
Ltd class A
—
Jan
2,500
4c
j
Feb
95
102
—
1
Rouyn, Ltd
Jan
4%c
11%
3.55
Homestead
Senator
Feb
11%
11%
3.55
"~i
Mar/
1,765
.5,900
11%
5
4
3.70
16%
65c
37/aC
Ltd—1
Mining.———.1
5%
15%
15%
62,300
,
25 26%
250 255
26
Gold Mines
Jan
325
16%
A
San Antonio
Sand River Gold
38c
600
13c
■
Class
Jan
Jan
3.85
41c
6,530
21
——1
*
————————————50
4%c
21,100
4%c Mar
8V2C
140%
20%
—
—100
Saguenay Power Co pfd—
St Anthony Gold Mines..
St Lawrence Corp common
6
4%
,
13,950
5%C
Jan
5c 5 VeC
24
25
/ ■'' 30
30
———100
Preferred
1.00 Mar
270
1.00
6%c
—\
& Erie Mortgage
9%c Mar,
5 %c Mar
2%c Jan
5c
3.65
6
Jan
•7V8
Jan
6c
4%c
4V
4Vic
93c
96c
27c
:
—.
10
Industries common
Russell
5% Mar
3o
"
—
Lac
Royalite Oil
5% Mar
Jan
•v'X. 3.55
12c
Class B
20c
3.60
60c
Huron
Jan
Jan
6%
41,000
Feb
Mar
17c
9%c
8%C
Mar
,
•
Royal Bank of
Jan
2%c
<
1
—*
—1
Canada————100
Co—————
*
Roche Long
100
18,500
/
Robertson common —•—
Jan
Jan-
5%
4C
4%c
Mines
A
———-*
Mascot Gold Mines
:
1
Highwood-Sarcee Oils.
Hinde & Dauch Paper Co..———
Hunts
Jan
4% Mar
—
Mills.——.—
Silk
'
11%
9c
Mar
24
24
4%
22%
.
Hedley
Howey
7%c Feb
6%c Feb
1,000
Reno
Riverside
5 Va
8Va
'
90c
7Va
2.70 /v 2.62
35c
35c
90c
8
1|V'- 1-03
—*
33c
Gold Mines
5%C Feb
3%c Jan
7%c
Jan
90
Jan
1.55
1.48
6Va
—
...
1
1
;———*
Dome Mines
4%c
87
—-——
Oil—
Jan
Amer—.—I
of
9%c
24
—1
Consolidated Gold Mines
Feb
5c
Feb
3%c
*
Jan
2.15
2.20
160
1-52
1/V
Gold—!
Rouyn
20c
123,550
12c
7%c
-1
•
Powell
3%c
5c
Feb
1.75
Jan
53c
17
2.20
l!i,>
C——
Mines of B
Gold
5'A Mar
70c
92c
? 92c y'-
..
276
Hasaga
Home
1
100
4c
Carpet ——.
—-——Rock Gold Mines———-r
*
Hollinger
Photo
9%
1.40 Mar
Jan
1.37
5,600
33c 38V2c
38c
Paymaster Cons Mines Ltd—
Perron Gold Mines—
——
Jan
86
87
—w.—-1
—-
Mines—,
Jan
46c
Feb
8%
2 %c
Harding
Harker Gold.
Partanen
17c 17 %c
.
United Theatres
Hamilton
Hard
Mines.
Malartic Gold Mines
Gold
4%c
Saddlery Co preferred—50
Greening Wire Co ———
Grull Wihksne Gold Mines.——1
Gunnar Gold Mines Ltd«?-*
Gypsum Lime & Alabastine
—
-
Bridge
Cadillac
17c
10c
Preferred
Hamilton
Pandora
4%
•I 12,575
1.21 1.25
8c ' 8%c
4%c
5c
1.22
8c
-i
'
^1
—1
Ltd
Mines
Porcupine
3%c
.
Mines—
Mines
Feb
15%
Pamour
Feb
Mar
1.20 Jan
200
—'96Va 98V41
lie
■
Great West
Halliwell Gold
Jan
Jan
Jan.
69c
55c
1,720
107
82c
92c
———(
Tubes————
Hersey
17c 1:
1
\
——
Halcrow Swayze
Page
14c
87c
1,500
29c
4c
—■-
Pacific Oil & Refining..
94
——^
Hallnot Mines
Pacalta Oils
ftfrar
Jan
Jan
4%c
Feb
8l/a
5.V4
-
5%,
Engravers & Electrotypers—»Pickle-Crow Gold Mines
1
2.17
9%c
Gate
Common
—
11%
11c
Mining—
—
Goodfish Mining —
—1.
Goodyear Tire & Rubber Co com——'
Graham Bousquet Gold Mines.—--—1
Grandoro Mines ...
*
Great Lakes V T preferred———*
■■
—*)
*
——
11 Vac
25%c Mar
107 /106%/
Voting' trust .——r
i—'
Power Corporation ;
....
*
Premier Gold Mining Co—
1
-——
Gold Mines.—.
Mines Ltd
Goldale Mine —
a
Gold Eagle Mines———>
Jan
preferred..
Crush
,
49,614
; :.M>. 10
//V .5
25%c,
29c
50
85
11%
God's Lake
Golden
220
85%
Lake-Porcupine Gold
Gillies
16,670
9%
-
.—
93
:
Glenora
15% Mar
33c
39c
24
Mar
20
Loan
Mar
1.00
1.00 Mar
36c
36%c
;_v
----—
General Steel Wares——.
Feb
•"4
10
300
Mines
1
Ottawa Car .& Aircraft
24%
Power common————
preferred
5 % c/c
preferred
5 %
Orange
Jan
88
24
9
Gatineau
Jan
; 5%
1
—
0 7VaC Mar
24%
241
———
—
Jan
3%
360
Mines
/
70%cMar
4,000
,
Oils
Ontario
3%
,
5
Gold
O'Brien
Okalta
14,200
55c
55c
—
1.35 1.35
5
,v
-5.. 5%
1.64 •. 1.62 1.70
50c ./ v 60c
64c
—*
eommon.—
Omega Gold
1.00
\
Oil
11c
75c
4'Ac Jan
•1,000
—
.
High
Low
9Vic
10%c
70%c
11c
73c
.*
Preferred
Feb
-
24
——*
Gold Mines——--—
Francoeur
Feb
75
4%c Jan
Star
North
Range since January 1
Shares
High
Low
.
Mines...
Jan
3.90
32
•
3%
—-
——-
Foundation
140
20,600
Feb
1.00
—100
Preferred
Ford Co of
78
7c
-
—
Feb
3%
78
Jan
3% Mar
Jan
27
615
4%
6%c
common..-—-—*
Canada
,
for Week
9%<5
1
22
Jan
3.25 Mar
1,915
1,680
4%
Norgold Mines
Normetal Mining Corp Ltd
2.00
Jan
3
4%
—1
Kirkland Mining
Aircraft
Fleury-Bissell Ltd
19%
3.40
■>
Feb
12Vac Jan
Jan
1.66
125
'Mfa;. 46
6%C
—100
:
Preferred
Fleet.
31
class A common—
Federal Grain
Federal
3.25
1
29%c Mar
Feb
9c
31%
3.25
31%
Mines.————*
Candy Shops
1
Nordon Oil
17
Jan
9,900
vl
22
3%
Feb
Northern
6,600
1.84
21
3%
Jan
9c
120,300
10c
1.79
1.82
Canada cl-A—*
A
—'4-—---*
—
16
9 %C
Falconbridge Nickel
1
5%
5%
Jan
'-V/'r
Par
High
4
512
20c 26 %c
26c
January 1
Low
11
5
15
514
com—*
——--r.
20
Woollens & Worsted
Dominion
Range Since
Last
Sale Price
STOCKS—
Sales
Week's '
Range
of Prices
Friday
V.-;
;V..HV
High
Low
Par
Monday, March 13, 1944
COMMERCIAL & FINANCIAL CHRONICLE
THE
1070
4'Ac
12
20c
1.36
10c
2%
5c
12 .
25c
1.36
11c •
2%
5
50
5,800
65
50
5
3,595
87
5
5,500
10
13,900
100
5,700
100
.
1.05 Jan
5% Jan
84 Mar
1.40 Mar
31 %c Feb
3
Feb
12'/e Feb
24Va Jan
1.20 Jan
14 Jan
20 Feb
3'/eC Feb
12 Mar
150 Jan
1.35 Feb
8c Jan
1.85 Jan
High
8
8
Feb
1.85 Jan
25
5,890
400
7,871
January 1
Feb
2V2 Mar
1.40
•
Feb
6%
Jan
91
Feb
1.40 Mar
40c
Mar
4 % Mar
18
Jan
29
Mar
1.45
Feb
16
Mar
21
Jan
5C
12
49C
1.72
lie
Feb
Mar
Jan
Feb
Feb
2% Mar
Volume 159
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4263
1071
pver-the-counter markets
Quotations
for Friday
March
10
For Quotations on Real Estate Bonds
investing Companies
Par
Aeronautical Securities—.-.-—.I
Affiliated Fund Inc—,
7.27
6.69
—iy4
27.77
Scries
30.96
21.28
B-2
3.50
3.83
Series
B-8—v—-
Foreign Investing_10c
X13.72
14.88
Scries
B*4——.
Holding Corp-
American
Assoc Stand Oil
—2
Shares.
27 %
25%
10
■.
A Common——.———1
4%
Basic
Industry Shares—,—.10
Bond
Inv
of
Tr
5%
Knickerbocker
105.04
Fund Inc——.——5
17.00
18.28
5
Bullock Fund Ltd_—1
27.63
29.87
Ltd——1
X3.05
Trust——i—*
27.57
Boston
Broad Street Invest Co Inc
Fund
Canadian Inv
Century Shares
Chemical Fund
14.89
Fund————1
18.19
Diversified Trustee Shares—
10.22
10.82
11.82
Nation-Wide
(Md)
Dividend Shares:
Low
19.66
6.30
1.21
70%
74
Knickerbocker—.
.5
21%
23%
—....1
11%
12%
3.43
Maryland Casualty...
Massachusetts Bonding
American Equitable———..8
19%
Merchant Fire Assur...—5?
7.65
17%
10%
American Fidelity & Casualty.5
American of Newark.—..a %
American Re-Insurance—.10
16 %
Monarch
Fire
51 %
54y4
National
6.89
7.63
Casualty
American
Reserve.
14%
15%
13.27
American
Surety
National Liberty.—,
National Union Fire
10.26
11.28
Baltimore American.
Automobile
———-
13.67
31.98
1.95
38%
6% '
45%
38%
41
Northern
12.50
X90%
Employees Group.
....
Employers Reinsurance ——10
30
32%
Pacific Fire
25
100 V2
56%
60%
Pacific Indemnity Co
Phoenix-
10
•48%
7.97
8.77
9.78
10.75
8.14
8.95
stock-
-.i—
-
25
Federal
...^
10
io
45
Fidelity & Deposit of Md—.20
142
148
5.76
Fire Assn ot Phlla—10
62
66
7.81
Fireman's Fd of San Fran....10
82%
86%
5.96
6.56
Firemen's
of
Newark...—....5
—*
X2.07
General Reinsurance Corp..—.5.
Gibraltar Fire it Marine—10
X2.71
shares
Amer Trust
Series 1956————————1
Fire.
13.69
14.72
6.49
7.07
Scudder, Stevens & Clark
6.90
7.59
5.58
6.14
Selected Amer Shares—„i—2%
9.05
9.94
Selected Income Shares——;
Food shares——————~
4.82
5.31
Sovereign Investors.
Administered shares-
7.01
7.71
Spencer Trask Fund--——*
X14.06
8.68
State St Investment Corp——•
81.81
7.23
Super Corp of Amer AA——1
3.31
3.64
•
X90.12
7.90
Industrial Machinery shares—
6.57
Investing
Low Price Shares.:
13%
14%
25%
27%
Revere
47
6.04
1*—
6.65
5.59
'
6.15
<
6.23
Merchandise shares..,—^—
:
Mining shares——
——1
ASeries: C—
3.99
—
4.22
4.24
D-———-1
ASeries
6.64
3.62
shares..—
Equipment shares—
Tobacco shares---—:—1
ASeries B
50
St Paul Fire Si Marine
17%
19%
x413/4
43%
23%
.
121 Vb
62 Va
9%
16%
Standard Accident—.—10
x63%
71 Vb
Travelers———^——100
477
27'/4
29
IT 8 Fidelity & Guaranty Co..2
27%
U S Fire..—«
U S Guarantee
10
Westchester Fire———2.50
293
—
..io
•25%
Fire
.10
97 y4
101%
Hartford Steamboller Inspect..10
Home
5
4iy4
44%
28%
46%
34%
'
48%
36%
•
127
66%
492
36%
38%
30Vb
•
47%
50
X70
75
30%
33 Va
.
4.10
Corp———1
Union
25C
Fund
Bond
Series
Series
1.43
24.14
—
82c
24.90
19.96
21.82
7.84
-
6.28
6.87
17.88
Bid
Public Service
3 y4s
105%
105%
Florida Power & Light 3%s.l974
•4y8s
.—.—.1979
106%
107Va
102%
103
San
109
109%
South
4%S
-
——1972
...
Diego Gas & El 3 %s._1970
Elec &
Carolina
102%
102%
99%
100 Vb
Phillips Petroleum 2%s__„1964
100%
101
York Corp.
3VaS
——.———1973
Panhandle Eastern
2%s
3%s
Pipe Line—
debs——.
108 Vb
108%
108%
108%
111
112%
108
109
Gas—
1953
:
Public Service
105
Puget Sound Pow & Lt—
.1972
Southern Colo Power 3VaS—1968
Utah Power & Lt 3%s_—1968
West Texas Util 3y8s_—.1973
Northern Indiana
: 104%
(New Hampshire)
3%s series A——*—.1973
100%
106%
Light 3 V4s—1973
1973
Public Service
100%
106%
3%s—
Ask
(Indiana)-*
series E
102%
103%
154%
104%
102 %
102%
103%
104%
Int. Rate
Bid
—1%%
100.5
100.6
1958
4%s—*
19.55
U S El Lt A Pwr Shares A——
22.72
2.19
.
Lt 3%s._i_1973
&
102%
1974
8.58
;
Union Preferred Stock Fund—
1.56
21.13
;
73c
:
—
Pow
Power
102
Iowa Power &
6.44
Union Stock Fund B———-
Foundation Fund Inc
--——-10c
CentraF
Florida
5.79
series .A
C——.
—1963
—
B„
-
Light 3s.
i
2.17
Trusteed Industry Shares--—25c
5.07
Ask
Bid
Gas
Blackstone Valley Gas & El—
3s ■, ;
•
' ' '■•■ • ;•■ ;
197j
—25c
B___—
Class
4.52
23C
-1
——1.
—
Recent Bond Issues
87.91
Trusteed Amer Bank Shs—
4.67
;
——
29
8%
14.98
,
2.29
"ASeries A——1
4.65
4.60
shares—————
Common
6%
27
21%
283
67%
6.65
Shares—
'
Income
-10
Fire——.10
15%
36%
iy<: 4%
15%
Atlanta
1-
;
Trustee Stand OH
5.20
6.03
shares—.———....
AHuron Holding
■
%:»
—5
Rutgers Fire Ins.
Hartford
'
85%
14%
X33
'
6.01
•
Trustee Stand Invest Shs—
6.85
4.72
Bteel shares———————
Utility
(Paul)
3
50%
:
81%
-5
—.10
:•
105 V4
10.47
> "•
4.05
"
RR
10
Preferred Accident—
95 >■:
;
91.94
X9.60
•
Railroad
48 y2
5%
.
*
General bond shares-—
Petroleum
5%
Reinsurance Corp (NY)
Republic
(Texas)
X2.38
Fully
—..^5
com.
-
&
2nd
'
56
1
23%
preferred
Great American——....6
——.5
Globe
-'
'■.
51
Fund, Inc—
21%
Seaboard Surety.,
—10
Security New Haven..
10
Springfield Fire & Marine—.25
Glens Falls Fire—
J.
X2.62
6.59
6
Globe & Republic.
—
X2.29
—1
14%
:...2.50
Providence-Washington
:
...
48%
13%
—...
7.10
Plymouth Fund Inc——lOc
Putnam (Geo) Fund.,
——1
■.
47%
10
._5
....
6.67
Series 1958—
5.73
17%;; '19%
New York Fire...
North River
Northeastern
10.83
Series 1955—1*——————1
35.34
24%
9.85
Franklin
Series 1953——
; ■
86 Vb
565
22%
6.06
—-
—
38%
North
5.35
81 Vb
540
5.23
—
——:
5.99
—~
3oy4
46
Connecticut General Life..:
10
Continental Casualty—.
—8
6.40
Electrical Equipment—
27%
New Hampshire Fire—
8.96
5.82
Cnemical shares——.,—
27%
8.15
—
Hanover
Building shares
188
25%
City of New York..——
North Amer Bond Trust ctfs—
24.35
7%
176
.20
New Amsterdam Casualty
2
New Brunswick.———.io
7.65
Quarterly Inc Shares-—--10 o
Republic Invest Fund--—i——l
Automobile shares——
Aviation shares——————
6 v4
2
...
59%
6.95
745
:
7¥s
6%
24%
56%
io
Bankers & Shippers—
6.77
shares———
Agricultural
>,
59%
35%
.100
Camden Fire———._5
Group Securities—
.
57
10
—2%
:
'
5%
22%
(Detroit)..10
Boston
■:
6.29
Railroad equipment——
Steel ————————
4 30
5.32
5%
Ins
9.96
Metals
6.01
32.87
r
6.93
Railroad
4.34
-
& Mfrs Fire N Y......4
49%
10.21
Gils
.
20.08
4.71
461,4
■
14%
25
———
Merch
70
9.29
Machinery
36 %
22.22
-
12
9
66%
9.06
■:
———
——
stock.—
Insurance
■
.
Fundamental Trust Shares A—a
B
:
;
—*
General Capital Corp—•
General Investors Trust———1
——10
8%
'
8%
'
.12 Va
National Fire....—..
12.31
^
4.97
,
41%
7%
'
7.27
4.50
Electrical equipment--—:——
Fundamental Invest Iiw—.2
American
15%:
82%
38%
Jersey Insurance of N Y—20
———25
Alliance.——..—10
American Casualty.
Agricultural
All
13% :
80%
Chemical
%
22.59
x 12.73
Bid
par
...10
Building supply——
1.34
21.03
37%
Fire...
Insur Co of North America—.10
7.66
6.96
Automobile —-1—Bank
5.55
357/8
'
■
Homestead
X6.60
—
—
Ask
54V4
3.03
Fund———1
Agriculture
■
141 %
-1.40
New Turk Stocks Inc—
,
i- »n
series
'
51%
1.27
priced bond serles-f-——
New England
30
29.74
Equitable Invest Corp (Mass) _8
X35% Equity Corp $3 conv pfd———1
18.65
Fidelity Fund Inc.,—
—*
1.78
Financial Industrial Fund, Inc.
X5.40
First Mutual Trust Fund-—8
9.65
Fixed Trust Shares A——10
3,70
Foundation Trust Shares A—1.
——
—
Bid
133 %
7.09
1
series--—-———.
Income
Aviation-.
—1
Fund—————1
Stock
3.65
•
»
250
priced stock common-
Bond
-
Fund
Balanced
Aetna Casual & Surety——10
...10
Aetna Life—
10
National Security Series-
& Howard-
Eaton
Par
Aetna.
series B shares—
voting shares
(Colo)
4.89-
Securities—
National Investors Corp——1
1.13.
—2.50
:
25c
—
Teletype NY 1-953
Insurance Companies
10.99
3.CO
D
Bell
9.65
2d Fund——I
Mutual Invest Fund Inc—-10
Mass Investors
X4.70
Delaware
Exchange Place, New York 5, N. Y.
DIgby 4-4950
22.68
Low
28
8.78
•
Preferred .stock series——..
B shares——"—10
preferred————100 Shares—-.*-
3940
4.49
1.19
A Common
92.80
38.61
21.09
Crum- & Forster Insurance-*-
A7%
90.94
Tel:
Trust-——I
Mass Investors
,
Cumulative Trust
6.61
40
.——lie
Maryland Fund Inc
•
;
4.84
Fund-—.
——;——10c
Common
3.70
;——
preferred———100
10.85
«M<4»
— —
Manhattan Bond Fund Inc—
16.32
10.27
9.49
1
2, 490
Christiana Securities com-—1002 ,390
144
149
Preferred
—100
4.74
5.15
——1
Commonwealth Invest
39
41
Consol Investment Trust-——1
2.38
Corporate Trust Shares—
1
2.21
Series AA——-1
2.21
Accumulative series—
1
2.67
Series AA mod-*---——-—l
2,67
'Series ACC mod—*.-*—1
27 vi
25%
ACrum & Forster common—-10'
A 8 7*
14.00
9.86
6.03
-M
Loomls Sayles Mut Fund——*
Loorais Sayles Sec Fund— —-10
29.65
:
S-3—
Series' S"*4—
■
100.84
American-
26.07
12.74
S-2—
Series
3.76
20.80
4.36
Series
4 Vb
3%
preferred——-——5
A6%
Members New York Stock Exchange
Members New York Curb Exchange
18.28
18.90
K-2-.
Series S-l———.
Co.
&
10.79
23.71
K-l
Series
6%
15.00
Bankers Nat Investing-—
Shaskan
9.82
16.65
Series
ey8
13.95
Axe-Houghton Fund Inc——1
.
29.10
28.25
X19.36
Series- B-l—
American Business Shares—>1
AAmerex
.Ask
Keystone Custodian Funds-
3.88
X3.54
Bid
Par
Ask
Bid
.
16.30
2.48
■
Independence Trust Shares——*
Institutional Securities Ltd-—
B
—
10.39
85c 'i '
93c
Xl.04
1.15
Investment Co of America-—10
23.96
26.04
A
Blair & Co
Investors Fund C——
12.66
12.96
A
First
16.42
18.04
———1
2%
3Vb
10
27%
.1
——.
11.38
Bank Group shares-———Insurance Group shares-
1.80
———
Wellington Fund
Aviation
,
Group, shares-,:——
Investment Banking
.
;
.
Quotations Fur U. S.Treasuryloies
.
Corporations
—
Boston
Corp
-
,29 Va
Int. Rate
Maturity—
—*
Jun 15, 1944
%% '.
1
%
Sep 15, 1944—
tSept. 15, 1944——
%%
Mar 15, 1945——
%%
1%%
tMar 15, 1945——.
%%
*Dec. 15, 1945——.
—
—
—
tMar 15.
tDec
^ew York
Giiy Banks & Trust Cos.
Par
Bid
Ask
15.
tSept.
15,
*
Par
Bid
%
1946—.
1
1946..—
V/a%
-1
1947
%%
Ask
Bid
100.3
Maturity—
$Sept.
100.13
99.31
100.15
15,
1948 W i
Certificates
100.1
Of
Ask
Indebtedness—
-100
100.2
100.24
100.26
*%s Apr 1 1944
b0.20V
0,27%
t%s May 1,1944—-———
b0.33
0.65':;.
t%S Aug. 1, 1944—b0.68
t%S Sept. 1, 1944.————
b0.73 0.71%
0.72%
t %S Oct. 1, 1944—
——
b0.74
t%s Dec, 1, 1944.
*
bO.78 0.76%
100.18
100.20
$%s Feb.
100.19
100.21
100.12
100.14
99.25
99.27
.
J0.90S
,
1,
Mar.
1945—~i_—_—
1945——*
1,
-
0.78%
bO.80
b0.82
0.80 %
Ask
'
Bank of the Manhattan Co.—10
22%
Bank of New York
100.
.^.--———10
Brooklyn Trust
-100
Bankers Trust
49%
92
Fulton
23%
395
407
:
99%
38%
40 Va
Chemical Bank &, Trust—_10
49%
51%
Co
'
-
15%
39%
i—25
36%
48%
53%
preferred.
20
46
48%
100 x210
Morgan (J P) & Co Inc.
National City Bank—.12y2
34%
10
20
21%
New
Corn Exchange Bank & Trust-20
Empire Trust
York Trust
.
«___25
*
49%
Public Nat'l Bank & Trust—17y2
74%
78%
Title Guarantee & Trust.'
16.19
.16.50
46%
50
National Bank——100
Obligations Of Governmental Agencies
50%
51%
Conv
—
~20
:
Continental Bank & Trust
First
175
313
Manufactures Trust Co com—20
.
Commercial National Bank &
Trust
162
305
Lawyers Trust
103%
Chase National Bank—13.55
———100
——100
Irving Trust —^.——-—^—.10
14%
Kings County Trust
—100 1,500-
97.
Central Hanover Bank & Trust 20
Trust..
Guaranty Trust
5lVb
36%
94 %
98 V2
36%
12
,•>
6
—.1—100
United States Trust
220
1.445
39y8
Bid
Commodity Credit Corp—
tl Vs%
Feb 15,1945
Federal Home Loan Bank—
0.85s June 15, 1944———Federal Land Bank Bonds—
4s
1946-1944
4s
6%
1.490
1964-1944
3%s
———
1955-1945
3s Jan.
3s May
—-
1, 1956-1946——*
1, 1956-1946—
Reorganization Rails
(When,
■
Bonds—
;•
.
' Bid
as
Stocks
Akron Canton & Youngstown—
4s
,
Akron
1988
4%s series B
89
91
1988
series A——,
93
95
Chicago Rock Island & Pacific¬
ist 4s
income
Conv
101 y4
103%
4%s__——2019
65%
67%
Denver &
Income
Grande-
Rio
4y2S
.2018
1993
58-
60
86
income
mtge
Western
Inc
4y2s—
.1971
961b
98%
4s_——i—.—1991
60%
62%
4%s——,—.2014
32%
70
...
*
—
preferred
&
Rio
Preferred
Minn
St
Free
v
Grande
Western
106
c
108
Pacific
Preferred
103,^
104%
corn-
19%
105 %
U S Conversion 3s—
.1947
104%
104%
Panama Canal 3s———;-1961
106%
107Vb
132
133 Vb
Bills
at purchase
Bid
Mar.
bG.37
6.28%
b0.37
0.30%
May
b0.37
0.32%
May
b0.37
0.32%
May
b0.37
0.32%
June
-
Ask
April 27,
16, 1944—
23, 1944—
30, 1944—,
April 6, 1944-1-
April 13, 1944.—.
April 20, 1944—
b0.37
0.33 %
May
b0.37
0.33%
b0.37
0.34%
b0.37
0.34%
b0.375
035%
1944..
b0.375
0.35%
1944—
b0.375 0.35%
1944.
4, 1944—
11, 1944.
18, 1944..
25, 1944—
1,
20%
41%
;■
104^
I05y
——1948
XJ 8 Conversion 3a
Mar.
18%
43 y4:
42 y4
42 Vb
———
Paul & Sault
t
i7ys
100
Optional V t,c
103
103%
Treasury bills-
72
100.1
Other Issuet
101-fV
Ask
*No par
Ste M—
—
10
9%
:
...
.
1%
.
2
value,
b0.37
a Odd
common
....
lot sales;
0.32%
June
8,
c Liquidating dividend of one share of Standard
Co. common held, payable
11, 1944.. d Deferred delivery, t Flat price, k Removed to
sCash sale—not included in range for year, x Ex-dividend,
b Yield price,
Oil Co. of Ohio common stock for each four shares of Adams Oil & Gas
Feb.
24, 1944 to holders of record Feb.
r Canadian market.
tin default. fThese bonds are subject to all Federal taxes.
Stock Exchange,
Pacific—
mtge
.31%
88
'Minn St Paul & Saulte Ste M—
1st
5%
Denver
1st 3-4s income.
Gen
Common
———*Apr 15.1944
101
Mar.
Youngstown—
.1
5% preferred
,y
101 &
Bid
Common
.
ioi
Ask
0.75%
Rates quoted are for discount
Ask
Chicago Rock Island & Pacific-
—1994
—
Bid
—•
Canton &
U%
b0.90
Bid
Reconstruction Finance Corp—
United States Treasury
and If issued)
Ask'
Ask
100.9
103
—
1955-1945
3s
1;
——
100.7
Ex-Tights,
35
36
y
67%
68%
by sponsor or issuer.
A Quotations not furnished
the
Preliminary figures compiled by
us, based upon telegraphic advices from the chief cities
of the country, indicate that for the week ended Satur¬
day, Mar. 11, clearings from all cities of the United
States from which it is possible to obtain weekly clear¬
ings will be 8.8% above those for the corresponding
week last year.
Our preliminary total stands at $9,068,pared with a year ago.
1944
March 11
Week Ending
York
New
ended "Mar.
of
Philadelphia
—
Boston
$6,073,987,231
1,482,800,785
$5,365,018,130
1,434,774,420
five days
cities, one day
—
$7,556,788,016
1,511,357,603
$6,799,792,550
- 1,535,350,483
week
$9,068,145,619
$8,335,143,033
——
a...—
Baltimore
"
—
Ten cities,
Other
Tot. all cities,
Total ail Cities for
there
District of 4.3%.
serve
record
In the Chicago Reserve District
improvement of 10.5%,' in the St.
Louis Reserve District of 11.8% and in the Minneapolis
the totals
increase
an
was
an
of 16.4%.
In the Kansas City Reserve
Reserve District
District the totals are larger
In the
following
we
furnish
by 7.5%, in the Dallas Re¬
District of 10.8% and in the San Francisco Reserve
serve
District of 6.2%.
by Federal Reserve Districts:
a summary
SUMMARY OF BANK CLEARINGS
Week
3.1
+ 2.0
+ 6.1
+17.0
+15.5
+ 7.0
+ 2.8
+ 2.5
five days
cities, five days—
Pittsburgh
Cleveland
week
The Cleveland Reserve
District has to its credit an increase of 8.9%, in the Rich¬
mond Reserve District of 10.3% and in the Atlanta Re¬
15.4%, the aggregate of clearings for the whole coun¬
amounted to $9,989,458,290, against $8,655,-
Cent
+ 18.7
+ 1.5
149,817,408
117,500,000
181,207,000
171,408,009
139,952,018
111,644,020
Francisco
Ban
that
but in the Boston Reserve District the
register a loss of 4.1%.
totals
957,500 in the same week in 1943.
Outside of this city
there was an increase of 7.8%, the bank clearings at this
center having recorded an increase of 22.7%.
We group
—
137,500,000
209,355,000
183,414,313
143,936,898
114,447,528
City
Kansas
6t. Louis
All
'/
'
For
3.
gain of 22.9% and in the Philadelphia Reserve
a
District of 4.4%
above
try having
Per
$3,400,576,176
350,036,994
478,000,000
264,876,505
$4,037,893,051
355,387,331
463,000,000
270,075,453
158,977,657
—
Chicago
show
not avail¬
of the week in all cases has to be estimated.
In the elaborate detailed statement, however, which
we present further below we are able to give the final
and complete results for the week previous—the week
week follows:
TELEGRAPH
I '■ 1943
are
District (including this city) the tdtals
the New York
the week
the last day
there is an increase
CLEARINGS—RETURNS BY
as
able at time of going to press, Accordingly, in the
$8,335,143,033 for the same week in 1943.
for the week ended
18.7%. Our comparative summary for the
Friday of
much
as
and the Saturday figures
ends Saturday
145,619, against
At this center
in
this it appears, that in
which they are located and from
foregoing will appear in our issue of next week.
We cannot furnish them today,
thefFederal Reserve Districts in
the cities according to
covered by
Complete and exact details for the week
week will show an increase com¬
Bank clearings this
Monday, March 13, 1944;
FINANCIAL CHRONICLE
THE COMMERCIAL &
1072
Ending
March
3
Boston
1st
$
2d
New York
3d
Philadelphia
7
4th
Richmond
6th
Atlanta
...
.
—
"
"
Chicago
8th St. Louis
9th
10th
-
—
City
Kansas
11th Dallas
Francisco
12th Sail
3,727,889,601
3,254,285,058
+
4.4
594.221.265
488,839,410
+
8.9
466.011.266
363,569,984
257,893,624
+
10.3
218,331,183
181,014,010
328,532,136
+
4.3
264,389,126
217,800,512
625,285,773
565,961,390
+ 10.5
518,741,344
422.667.270
289,350.159
216,063,869
313,902,301
124,757,511
488,173,937
"
"
"
_10
—
+ 22.9
342,809,124
"
6
—
258,803,490
+ 11.8
216,237,480
174.936.271
185,671,089
+
16.4
148,913,641
119,603,823
291,907,747
+
7.5
206,728,694
113,635,393
+
10.8
110,113,403
77,453,833
459,768,476
+
6.2
366,837,048
289,324,307
7,190,436,085
6,038,661,305
3,820,523,273
2,925,820,799
111 cities
——
9,989,458.296
8,655,957,500
H5+'
4,551,543,626
4,223,670,859
+
....
Total
Outside N. Y. City—
:
296,711,866
"
17
4
7
10
Minneapolis
,
1941
:
'X
$
352,022,035
•»
10
—
„
7th
+13.2
+ 3.3
+11.1
— 1.6
+ 8.8
"
6
Cleveland
5th
'
+
4.1
—
4,588,296,449
636,021,271
560,263,001
664,233,690
610,252,413
284,494,688
"
10
-
1942
or
Dec. r'!o
409,202,236
392.350,808
5,637,782,017
——12 cities
12
"
——
Inc.
1943
$
1944
Federal Reserve Districts
7.8
152,454,961;
•Estimated.
monthly detailed
Our usual
results
We also furnish today a summary
statement of transactions
Stock Exchange is appended.
for February and the two months of 1944
the New York
on
the 11944
1943 follow:
-Two
-Month of February-
Description
Months
24,434,084
34,912,166
42,466,226
misc.
$347,656,900 $245,656,400
$374,314,800
$536,546,800
6,345,000
16,236,000
18,020,500
253,100
1,344,350
503,800
$691,895,150
$555,071,100
17,100,772
shares
&
bonds
~
Foreign govern't
6,832,000
bonds
government
tf. S.
bonds
Total bonds
-
•
292,000
—
$354,780,900 $252,254,500
—
Month
24,434,084
February
7,925,761
$
$
omitted)
23,301
York-
New
$
.—
City
10th Kansas
—
11th Dallas
Total
_
45,594
35,571
30,443
3,392
2,686
2,595
2,126
4,766
4,640
3,832
1st
Boston
394
1,480
1.078
Louis-
722
507
2d
595
834
774
2,125
1,858
1,633
1,333
3d
1,037
620
Pittsburgh.
897
York
Philadelphia
775
620
2,294
1,908
1,673
1,318
4th
Cleveland
887
1,238
»''1N1f'
Fran-
427
364
1,256
1,095
5th
524
773
605
931
Baltimore..-
390
358
271
821
746
575
fith: Atlanta
454
953
Cincinnati.
390
1,627
1,431
857
7th
775
524
1,138
City
699
707
620
474
1,7*76
1,527
1,340
8th
842
1,023
Cleveland-
357
272
1,375
907
783
586
—.,..—14
——
——17
"
"
,—————————,—18
_____
8
—
16
"
"
9th
553
426
404
295
•245
185
770
627
514
394
1,522
1,275
782
592
3,207
2,656
1,735
1,275
290
276
217
186
614
569
489
390
250
172
126
655
522
359
,
Detroit
—
Louisville
_
Omaha —-
63
63
58
52
141
127
128
124
105
92
308
267
227
Chicago
St. LoillS
31
——...
——7
.16
18
11
;—...19
—
Minneapolis
10th Kansas
City
11th Dallas
270
Paul-.-
St.
213
197
156
502
453
423
——
12th San Francisco
—
"
"
"
"
"
"
"
154
140
106
420
326
305
159
Outside N. Y. City.—.——.—
188
128
477
393
332
126
104
101
84
255
228
225
309
261
185
637
559
474
402
i
Richmond-
221
161
141
119
401
340
322
263
$
-
360
331
245
183
530
,
385
110
94
79
61
61
50
54
48
—
City-
L.
Hartford
cities-
Total all-
25,635 22,446
43,606 34,995
Oth.
7
748
,672
239
212
138
114
80,416
65,322
,
—
2,711
3,280
28,915 25,157
21,304 17,826 15,408 12,546
Out. N.Y.C.
We now add our
186
114
56,767
48,389
9,292
7,778
7,089
5,781
89,708
73,100
63,856
federal Reserve
District-
—Boston—
33,413
i
Reserve Districts in the two months for four.
Inc.
Dec.
^
'
vr
1942
%
1941
.
•
-
.<
$
+ 13.7
3,034,769,932
2,505,471,141
36,836,688,454
+
27.9
31,677.401,706
28,341,942,195
4,965,560,444
4.570.535.465
+
11.6
4,849,656,664
4,025,292,333
+
17.3
4,068,694,218
3,225,691,002
2,050,515,555
+
14.4
1,824,966,382
3,112,961,429
1,513,404,889
2,391,312,981
1,898,458,031
4,973,477,221
2,165,963,689
+16.4
6,112,247,863
1,907,186,516
1,395,069,934
+
27.9
1,234,393,498
2,618,279,351
+ 14.7
1,743,948,161
+
20.9
2,080,921,710
1,574,857,949
2,786,159,889
+
25.7
7,182,946,230
+
18.5
:
1,503,930,094
:
.
+
18.3
89,708,594,603
+
22.9
1,209,661,788
2,406,217,448
63,856,787,251
44,113,760,276
37,528,511,661
+17.5
33,413,047,796
.
937,136,890,
1,589,335,713
3,100,377,832
3.671.875.466
73,100,504,067
54,130,018,745
26,833*342,597
:
.
of
$
Clearings Outside New York-
-Clearings, Total All—————*
$
>■
3,637,533
3,033,558
13,156,629
1943
1944
Month-
•••■•
•••
$
:
w
Total 2 months—-—.
34,995,819,487
+
73,100,504,067
+
Dec.
VU
+19.9
1944
1943
$
$
29,433,791
+ 16.0
3,056,286,209
15.3
21,304,601,404
+
19.4'I
44,113,760,276,
24.6
+
17,826,393,291
37,528,511,661
Dec.
:,v';V
1944
■:;+»■
1943
;
.
777,282
+ 2o.i
0.3
3,346,556
3,899,672
14.2
3,463,018
2,258,903
341,902,664
358,864,951
4.7
303,374,560
254,638,752
835,817
842,701
0.8
1,073,282
708,651
+ 16.9
403,775
464,110
933,619
9.5
8,414,237
7,348,307
4,532,883
4,262,453
+
+ 17.0
339,108
1,636,130
396,505
6.3
3,647,171
+ 17.2
32.0
10,280,372
8,123,342
+ 26.6
1,147,562
1,084,483
+ 12.1
39,232,674
34,846,113
12.6
4,175.879
4,478,089
15,907,891
+
5.8
■
3,598,385
2,571,026
2,163,430
11,837,966
6.7
.
+ 17.0
23,973.889
22,894,138
+
4.7
2,774,600
2,884,802
10,049,662
138,243,150
114,295,550
+
21.0
14,481,309
+
1.9
14,205,982
+ 21.7
14,214,819
50,851,826
10.9
6,920,755
6,663,258
6,447,741
16.2
15,162,800
50,351,854
14,044,200
3.9
22.5
55,834,990
+
+
+
27,800,620
22,698.143
+
8.0
14.604,000
+
1.7
14,209.400
+
5.2
11,755,055
Worcester
Haven
+
7,623,500
Waterbury
ft.
I.—Providence
N.
H.—Manchester
*
cities)
647,287
844,081
3,956,386
3.8
61,889,204
Springfield
Conn.—Hartford
;
22.2
16.5
4,274,100
967,165
X
$
642,247
•H:
+
+
+
•xVVxx
v;
+ 13.8
+
3,822,956
;c-.'
.
+
1,924,984
.
$
29,355,800
2,686,101,123
3,619,856
1,913,861
1941'
1942
Inc. or
Dec. %
%
+ 14.5
5,046,157
»
+ 17.5
-Week Ended March 4Inc. or
1,250,743,324
17,829,377
+
6,025,404
7,360,364
3.8
+
:
19,702,118,370
and the week ended March 4 for four years:
-Jan. 1 to Feb. 29-
>+ 'v-v.
Dec. •'*
+ 22.9
each city for the month of February
Inc.or
Inc. or
v : 1943'
22,709,158,872
21.0
38,104,684,580
89,708,594,603
February
-X'-v,;
'
Dec. %.
.
43,606,089,465
January
1944
Inc. or
46,102,505,138
February1943
1944 and 1943.
MONTHLY CLEARINGS
3,962,142
Bedford
(14
2 Months
2 Months
or
•:v:
2,241,771
River
Total
1,122 .099.983
1,451,174,536
Holyove
Lowell
New
26,873
13,652,036
—
„
Mass.—Boston
New
1,417,488,705
compilation covers the clearings by months since Jan. 1,
54,170
37,528
44,113
1944
Portland
Fall
The following
detailed statement showing the figures for
Clearings at—
lie.--Bangor
+ 20.9
142
126
-
-Month
Fir«l
187
_
39,979 31,284
3,711
3,627
Total
737,519,723'
1943
3,539,857,833
47,109,257,330
5,540,581,902
5,301,482,303
2,344,802,928
3,501,336,873
8,511,141,385
2,520,620,697
1,784,941,841
i
Memphis
190
6.
565 .106,467-
25.2
+
269
226
Seattle
730 ,366,601
,972,646,967
,
232
Ind'apolis.
Denver
Federal
3,103,035,295
2,107,989,296
4,343,546,920
189 cities
Total
331
204
—
28.9
2 Months
1944
196
Milwaukee.
140
Richmond
110
Providence-
Buffalo
432 .197,646
+
+>
---•"+-16.7..
1,739,078,609
268
315
.....14 Cltlea
——-—
New
1,109
Orleans-
706 .341,065
565,061,186
+ 20.0
657,297,255
2 Months
5,301
N.
2,313 ,608,556
874,596,424
+ 16.5
1,268,954,899
823,019,881
another table showing the clearings by
Federal Reserve Districts
3,056
Minn.
896 ,685,166
2,770,139.805
3,425,064,286
1,041,278,123
1,503 ,666,220
708 ,140.386
12,524,964,658
997
Kans.
1,129.080.038
+
25,136,540,762
1,793
San
33.4
1,326,482.292
'. !:
15,408,332,631
1,338
;
841,159,826
28,915,301.937
1,210
St.
+16.5
+ 24.6
2,123
1,538
17.5
973,931,689
+ 19.4
1,250
1,639
1,880 919,755
2,167,704,115
2,217,257.868
1,910,972.639
17,836,393,291
2,262
____
14.073,811,469
12.7
34.995,819.487
1,451
1,998
iii
___
Phila.
29.7
+
43.606.089,465
2,542
Boston
+
2,357.348,907
City—21,304,601,404
4,067
Chicago
17,766,559,443
1,168, 024,481
13,109. 384,436
1,405,567,237
.
We append
2,877
15.6
27,^97
3.449
1942
+
2,657,339,321
years.
$
$
$
larger
%
Dec.
s
1.674.803,022
23,037,829,004
189 cities
—
Outside N. Y.
1941
1942
1943
$
12,612
17,169 13,506
Minneapolis
12th San Francisco
1944
$
Louis
St.
Inc.or
1943
1,449,099,988
16? M
31
"
.7 4,111,160,125
7
Uuii
1,213,012,197 ,/H
16
"
847,401,453
18 "
1,480,839,396
—11 "
1,030,750,219
19 "
2,102,085,234
-
8th
are
the San Francisco Reserve District by 20.9%.
"
8? " •+"*
—-
—
District the totals
by 16.7%, in the Dallas Reserve District by 25.2% and in
2,546,689,144
1,134,893,427
•' 7 1,769,286,923
18
_
.
Chicago
-Januarv andFebruary-
-Month of February1941
1942
1943
+
Atlanta
&
:
.
Ptb
of February and the two months
in each of the last four years is
shown in the subjoined statement:
8ANK CLEARINGS AT LEADING CITIES IN FEBRUARY FOR 4 YEARS
1944
—
Cleveland
7th
country for the month
ended with February
(000,000
Philadelphia
6th
13,312,960
8,969,195
14 cities
14
17 "
—
Richmond
in¬
District the totals show an
York
5th
No. Shares
12,993,665
18,032,142
17,100,772
No. Shares
No. Shares
17,811,394
of January...
Month
New
4th
1941
1942
-H 1943
In the Kansas City Reserve
the totals record an
1944
$
Boston
2d
an
in the St. Louis Reserve District of
16.5%, and in the Minneapolis Reserve District of 28.9%.
aggregate $34,995,819,487.
February—
of
1st
3d
No. Shares
'7
.
of 20.0%,
Federal Reserve Districts
of transactions in share properties on the
New York Stock Exchange for the two months of 1941"
to 1944 is indicated in the following:
1944
crease
Cleveland Reserve
the
In
The volume
x.
aggregate of clearings having been $43,606,089,-
expansion of 29.7 %, in the Boston Reserve District of
15.6% and in the Philadelphia Reserve District of 12.7%.
Bonds
JFtailroad
Chicago Reserve District the totals show
In the New York Reserve District
Stock, number of
and in the Atlanta Reserve District of 33.4%.
In the
465 and the 1943
1943
1944 '
1943
1944
of 16.5%
clearing houses of 24.6%,
increase for the entire body of
ana
improvement of 17.5%, in the Richmond Reserve District
of the clearings for
For that month there was ail
the month of February.
The
6,562,200
+
1.1
141,286,500
127,107,500
+ 11.2
63,890,500
63,168,700
14,858,000
+
24.0
5,541,874
4,558,474
577,542
549,071
1,924,129
+ 21.6
2,386,730
392,350,808
409,202,236
1,674,803,022
1,449,099,988
+
15.6
3,539,857,833
3,112,961,429
+ 13.7
,
—
4 1
-
505,619
352,022,035
5,055,552
-
14,181,000
1
515,583
296,711,866
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4263
159
-Month
$
Second Federal
>
Y.—Albany
$
+•13.2
+ 18.1
5,150,342
Rochester
Syracuse
4,025,498
+
28.0
17,169,426,196
42,781,472
23,726,991
4,687,954
23,784,049
1,571,669
+
29.9
5,128,602
31,147,616
1,714,959
Conn.—Stamford
J.—Montclair
N.
J.
117,627,147
,
,
—.
;'/■
—.
154,631,652
4,708,055
23,037,829,004
(14 cities).
Reserve
Federal
Third
.■
>
—.
——J
Pa.—Altoona
Chester
-
Harrlsburg
————.—-
Lebanon
2,415,197
+ 31.0
$
+ 24.1
V'
1,709,448
1,847,884
69,896,055
56,600,000
7.2
1,108,909
1,115,095
8,635,993
+ 28.7
931,881
873,829
6.6
1,026,412
899,607
35,571,992,406
+ 28.2
4,432,286,641
+ 22.7
3,586.816,132
3,112,840,506
+ 18.1
5,437,914,664
12,482,452
11,042,240
+ 13.0
10,717,647
9,296,393
+ 18.0
7,172,358
6,949,371
3.2
5,548,953
6,642,978
7,Tl"2,003
,7,304,569
2.6
6,617~ 541
91,304,970
3,556,898
233,183,487
31.5
+ 28.7
■
,49,379,593
9,779,141
48,768,692
61,079,820
9.1
29,894,604
+
10,531,987
.
11,716.232
9,348,069
58,277,953
;?:f
+ 19.1
+
+ 18.7
+ 224.7
7.5
1.584,341
1,532,756
+ 23.5
47,100.000
38,700,000
0.5
927.108
—
—
+
+
811,224
7.7
+
+ 25.2
—
5,560,939
3,223,417;
212,578.993
+ 10.3
381,491
525,357
—27.4
457,729
368.029
9.7
31,769,144
26,608,492
+ 19.4
23,219,184
20,832,280
327,177,857
9,340,384
272,227,095
+ 20.2
37,844,889
34,071,347
+ 11.1
32,158,322
26,905,742
7,749,503
+ 20.5
29.7
47,109,257,330
36,836,688,454
+ 27.9
5,637,782,017
4,588,296,449
+ 22.9
3,727,889,601
3,254,285,058
+ 44.9
+%
+
3,659,217
+
17,766,559,443
+
4,945,399
3,537,849
0.9
8,299,489
7,868,075
+ 108.8
1,929,179
8,444,481
8.5
24,762,277
4,071,729
22,889,827
+
10,740,359
+ 39.8
606,903
510,891
+ 18.8
541,545
5.5
558,723
638,230
—17.5
725,040
+ 107.4
1,056,143
584,693
+ 80.6
612,255
2,0~13~376
iSoiiu
Tl3~0
]U46~,604
1,"359,150
+
737,940
596,330
•
505,310
8.2
+
6,209,190
+
12.4
13,911,269
12,599,432
2,012,814
+
20.0
4,207,018
+
13.5
+ 19.9
4,777,017
5,268,946
+
20.5
+
11.2
+ 10.4
+
12.4
5,301,000,000
4,373,375
4,766,000,000
647,000,000
620.000,000
4.4
580,000 000
+
8.3
12,626,574
476,000,000
5,048,987
10,792,764
+ 17.0
1,088,973
1.383,434
—21.3
1,182,392
1,371,480
11,209,859
11,115,818
+
0.8
22,020,272
+
4.8
4,069,862
2,704,652
+ 50.5
2,818,781
2,550,899
4,876,780
+ 42.9
23,073,750
13,189,890
10,422,261
+ 26.6
1,725,753
1,521,202
+ 13.4
1,248,563
7,473,236
7.0
15,621,631
1,100,630
6,950,243
16,326,513
4.3
1,880,657
2,105,358
—10.7
1,901,185
1,393,371
1,122,675
692,200
29.0
—11.7
3,344,900
3,224,300
4.4
594,221,265
488,839,410
—«
Bois
680,267
_————
3,114,600
Hazletoft
6,230,933
2,747,915
+
+ 17.7
1,415,756
5,418,478
36,422,506
4.2
+
+ 15.0
16,452,535
+
41.3
45,843,711
17,438,500
+ 2«.y
48,150,800
34,679,600
+ 38.8
4,233,300
4,791,900
2,357,348,907
+
12.7
5,540,581,902
4,965,560,444
+.11.6
664,233,690
636,021,271
,
+ 25.9
+
District—Cleveland—
33,970,675
16,879,394
12,409,343
+
36.0
454,938,803
842,230,618
390,667,912
+
16.5
953,891,931
821,987,451
707,236,069
+
19.1
1,776,219,012
71,955,300
3,776,936
1,372,584
8,382,056
56,755,200
+ 26.8
150,121,800
1,527,058,880
116,939,400
3,103,126
+ 21.7
7,634,142
6,556,038
+ 16.4
55.4
2,814,080
1,992,606
+ 41.2
7.8
17,261,001
16,184,872
+
6.6
2,248,050
2,054,529
9.4
2,574,931
12,390,222
+
15.6
2,331,789
14,328,321
+
9.2
3,614,360
4,083,110
—11.5
3,735,575
+
46.0
11,389,353
+ 34.2
3,705,901
5,471,637
28,927,765
15,281,111
26,490,075
7,986,087
41,388,536
1,214,108
33,459,120
+
23.4
79,764,070
66,382,817
+
1.2
2,695,916
2,584,918
886,427
785,740
+12.8
1,730,021
+ 23 6
1,037,599,328
''
12,085,889
897,116,122
+ 15.7
2,139,124
2,125,379,048
+ 14.3
271,949,043
239,385,693
+ 13.6
191,670,118
+12.3
25,673,425
150,607,960
10,761,164
1,858,875,474
21,723,062
14,839,123
* 7,500,000
13,281,395
+ 11.7
29,374,066
26,263,196
+ 11.8
610,252,413
560,263,051
+
8.9
466,011,266
363,569,984
—
-—
Cincinnati
Cleveland,——
Columbus
Hamilton
—
——
;
_
,i'v: Youngstown
—-
-
——————■
—
Co,
Pa.-—Beaver
+ 13.3
—
2,514,989
•
2,657,339,321
Fourth Federal Reserve
Ohlo-^Canton
Newark
1.7
2,961,060
1,474,675
+
—
23.251,396
—
—.
Total (17 cities)—
Mansfield
—
22,477,000
Del,-—Wilmington
--i-
.•
Grecnsburg
Pittsburgh
Erie
——
Oil
City .1—
f£y.—Lexington
W. Va.—Wheeling
-
—-
(17 Cities)——
+
883,177
7,773,830
+
*1,200,000
25,137,625
+
35.1
4,436,584
3,252,665
+
16.0
108,272,383
104,211,245
*
3.9
93,456,599
67,132,595
+ 16.3
199,984.893
189,374,209
+
5.6
156,057,538
122,806,649
19,747,100
17,901,600
+ 10.3
15,123,500
13,999,600
+ 28.4
+
3,393,005
2,985,490
4.3
18.2
+
2.9
30,438,074
25,269,863
+
6,686,058
+ 39.5
19,897,063
13,969,814
+ 42.4
2,546,689,144
2,167,704,115
+ 17.5
5,301,482,303
4,570,535,465
+ 17.3
8,654,295
+ 13.2
'
—
+ 36.4
+ 20.2
<+
' 9,325,634
—
————
7,724,000
—
20.5
Reserve District—Richmond—
Fifth Federal
4,773,495
Va.—Huntington
Va.—Norfolk —.
Richmond —•—t——
VI*
4,291,154
11.2
+
24,036,000
+
9.2
+
18.1
49,444,000
7.8
+
14.0
18,141,045
25,997.294
637,392,162
+
559,047,806
+
53,295,000
261,820,633
J.135.644
■
"
6,495,000
v
1,124.516
1.0
+
6,405,000
.
+
■
981,261
1.4
■
'
7,873,425
+
12.659,667
+
16.8
605,561,265
524,637,784
+
4
17.2
14,786,413
C.—Charleston
10,154,605
26,236,000
309,082,625
15.4
9,228,549
—
Columbia
18,828,085
28,695,133
+
3.8
:?■:. +16.5
65,636,609
2,092,527
•
2,303,468.
■
3,362,000
47,937,756
—..
9.2
V 1,951,203
+
.
716,865
5,029,000
52,466,601
8.7
121,777,200
i
1,609,093
+ 10.4
14.7
2,815,896
2,565,172
+
9.8
4,837,953
C.—Washington
162,409,184
136,047,854
+
19.4
335,533,344
289,231,027
+ 16.0
38,Tl8^«5
35,636/743
""+"~9"o
36,125,918
31,557^5 7 7
cities)
1,134,893,427
973,931,689
+
16.5
2,344,802,928
2,050,515,555
+ 14.4
284,494,688
257,893,624
+ 10.3
218,331,183
181,014,010
——-
'
Total
(9
>
1,256,066,646
76,442,263
1,095,287,326
4,712,762
Md.—Baltimore
Frederick
D.
9,071,624
1,447,726
i;—-
N. J.—1Trenton.
8.
29,458,723
2,150,000
Pottsville
Total
1941
$
6,968,011
.
Toledo
1942
2,262,000,000
'
York
Lorain
:
or
2,578,108
——
Wilkes-Barre
:
Inc.
Dec. %
2,542,000,000
5,467,073
—
Scranton
Du
9.4
12,670,811
453,037,002
T:
107,803,981 >-
+ 20.3 5
1,653,660
——
Philadelphia
Reading
.
1943
%
+ 22.4
85.992,763
562,072,163
■
+ 24.9
.+
3,685,059
—~—.
Norristown
■
j.
15,035,243
27.0
+
98,758,998
117,551,792
3,719,363
4,028,863
11,654,462
6,981,521
—
Lancaster
,VV,
2,395,632
—
—i.——
■
1944
or
District- -Philadelphia—
——
Bethlehem
?
Inc.
Dec.
11,117,413
45,594,834,327
Utica
Total
-Week Ended March 4-
1943
10,018,773
22,301,488,061
53,439,424
\ 28,538,211
York
Oranges
105,227,044
5,727,906
Jamestown
Northern
4.7
—
213,337,002
4,360,861
6,483,191
270,924,168
—
Newark
'
$
5,148,133
Buffalo
■
Dec. %
53,159,838
51,699,443
Binehamton
N.
1944
'
Elmjra
New
Inc. or
York—
District—New
Reserve
-Jan. 1 to Feb. 29-
February1943
Diearings at—•
If.
of
1944
,
1073
f
+
■
159,610,859
146,887,288
95,830,719
.
2.7
+
"""*
Federal" Reset1ve Dhtriet—AUanta^^^^
gixth
Tenn.—Knoxville
339,382,436
599,800,000
9,534,682
+ 31.0
——«*
8.521.914
9,179,750
————213,632,971
——•
15,562,006
—
235.445.922
Tampa
—
20,227,107
Mobile
Jackson
——
Arbor
8.4
+
'
———.
-—
Jackson
>
——-
+52.9
6.5
1,856,377
49,436,283
1.951,857
43,429,613
+ 45.6
48.823,180
35.958,943
0,8
4,534,132
4,923,983
6,159,951
+14.8
30,742,180
,
■
5,364,664
23,175,629
+ 22^"^=- ——+3reoe?660=—=■—77t300,OOQ,,
8.0
+
421,757,048
338,662,618
—34.5
28.1
31,745,945
23,709,688
152,792,431
19,982,683
+
2.182,241
3.4
2,809,825
—4.9
ll895~384
1,480^972
38
27,246,000
32,258,000
+ 35.8
35^355^075
—
•
1,625,293
+ 33.9
11,023,000
2,585,356
1,522,554,400
7,507,172
22,721,174
4,097,470
—
———
———————
Grand Rapids
+
16.392,007
10,639,810
54.1
474,205,074
325,679,943
+
1.2
41.053.667
41,368,237
+'
7.3
15,374,128
13,388,497
+
+
17.9
25,485,000
22,932,000
+
29.1
27,439,653
6,017,738
21,423,877
r—10.3
36.9
1,747,376
770,574,294
1,947,889
627,392,460
+ 22.8
+ 33.4
3,501,336,873
2,786,159,889
+ 25.7
25,"091~7ll
11.1
+
+
14.8
2,828,375
860,814
,
+ 10.8
—74.0
+
6,031,011
,
—
•
—
7.9;
3,773,500
.
2,439,157
+ 28.1
—
0.2
197.909
308,017
85,068,311.
79,851,837
342,809,124'
328,532,136
—35.7
223,398
246,643
+
6.5
62,583,813
48,838,443
+
4.3
264,389,126
217,800,512
—28.8
543,709
Sllll
Reserve District—Chicago-
Seventh Federal
Detroit——
;
18,165,988
15,964,036
32.1
1,326,482,292
—
—
7,298,031
35,727,614
16,999,856
,
+
1,769,286,923
cities)
"T16,150UIOTU
_
+
295,777.202
(16
143,100,000
2,108,592
12,151,259
6,453,247
.
11,157,868
+ 24.7
161,739,188
v—224,212
404,977,771
La.—New Orleans
960,900,000
17,700.113
9.6
13.7
+ 23.3
12,992,000
13,735,158
3,133,859
———-----
Meridian
Mich.—Ann
+
+
7,444,843
6,923,023
Montgomery
Miss.—Hattiesburg
Vicksburg
8,701,256
7,493,792
+ 31.2
~T8U;9'07;1U5-
1,198,600,000
19,695,377
—
Ala.—Birmingham
71,294,533
—83^59,16^.
+ 20.3
———r.——
Pla.r-Jacksonville
Flint
+ 54.3-'-
141,495,805
457,800,000
—
Total
23,298,587
170,203,153
«—-
Augusta
Columbus
Macon
45,193,395
.———
Nashville
Da.—Atlanta
2,448,759
1,275,352,836
7,705,414
18.002.681
4,011,277
5.6
2.6
+ 26.2
4,952,480
5,200,573
3,207,129,554
14,843,222
46,908,360
+
+ 19.4
—
2.1
15,508,235
586,212
431,228
/»«• n— —
4.3
21.6
+
+
+
28.4
5,42l" 121
5,049~134
"+" 7~4
3,930"036
3,8461812
3,907^327
3,1.88^774
"+22l5
2,7591630
216491910
14.3
26,512,926
-
417,649
+ 20.7
8,100,623
34,139,307
+
5.0
+
—
38,568,025
,
9,261,348
+ 30.5
2,656,380,623
Lansing —
.
15,784,535
Muskegon ————7,070,307
12,093,430
5,126,786?
+
40.7
14,876,345
3,933,074
3,180,977
+
23.6
22.4
23,651,343
+17.2
42,831,849
+ 12.6
City
Bay
j—
—
_.—
,13,291,572
23,538,399
126,434,459
16,534,802
33,075,238
8,873,486
140,691,128
7 2,405,224
4,090,301
Wayne
Ind.—Ft.
Gory
——
-
Indianapolis
South
Bend
Terre
Haute
'
——————
—
Wis.—Madison
——•—/>
'
Milwaukee
"OshkOSh
——
Sheboygan
—
——
—
800,342
Watertown
Sioux
City
10,858,705
+
20,864,184
+
12.8
104,408,420
+
21.1
255,717,148
228,931,677
+ 28.6
33,295,338
26,898,983
1.8
68,653,261
71,615,873
16,255,587
12.858.682
33,678,858
—
7,606,426
+
16.7
18,693,732
124,765,251
+
12.8
308,917,370
6,893,776
267,207,388?
Bloomington.iChicago
3,621,021
7.8
2,581,464
2,404,927
7,810,650
8,133,212
7.8
6,718,367
6,056,186
37,387^878
33,8~18l796
"+~10~6
29,~749l386
23,T89l752
+
—
+ 15.0
+ 15.6
4,534,583
+ 16.8
7,460,327
+
1,629,005
1,440,402
+ 13.1
5,009,300
4,168,189
+
20.2
+
+
15.5
:i:+:
14,694,611
106,991,058
26,361,051
■'•+14.5
62,622,291
52,140,248
15.6
31.1
2,681,535
+ 18.1
18,312,572
+
15.7
8,216,255
1.9
2,239,342
15,562,838
"
8,188,414
1,832,687
1,798,486
+
6,177,009
5,065,543
3,752,512
+ 32.7
706,137
511,091
21.3
4,067,394,475
490,323,557
441,249,120
14,662,629
3,449,191,826
11,962,956
+ 17.9
+ 18.3
+
22.6
1,977,229
1.937,880
14.8
6,016,248
5.979,391
19.7
1,921,694
1.488,485
+ 17.7
14.607,206
12,281,150
+
0.3
5,493,080
4,147,194
+
+
+ 21.9
4,980,744
7.6
872,590
944,695
••«/*' 2-869'161
2,393,594
+ 19.9
2,550,824
1,998,931,877
1,832,825
+
39.2
1,639,653,825
+
6,806,607
5,755,821
;
3,902,352
4.1
8,637,758
30,178,632
—
21,8521600
+ 23.8
—
5,297,671
19,258,784
-
Decatur
:2,389,261
28,~247lo00
21.0
126,320,894
;
21678,424
"+"~5ll
+ 10.6
+ 13.6
+/>
"+"T.2
29,0451000
+
+ 26.2
i
2^861,359
30,523^000
+ 14.8
7,178,999
——'
—
3,200,380
11.7
+
714,487
2,010,627
53,723,923
Ames
24.6
2,095,823
2,322,254
9,063,473
'
+ 33.3
+
3,380,434
61,034,060
.
———
111.—Aurora
—
'
8.2
620,273
563,134
+ 11.1
408.818.680
■331,284.465
+
2.0
1.320,735
1,605,903
+
4,607,779
'22,894,178
20,696,961
42,338,890
0.6
4,832,189
9,116,817
Peoria
+
7,698,263
+
18.4
18,858,823
16,038,126
+
17.6
2,505,465
1,989,274
•;/ ,—74.0
2.142,043
1,677,481
7,797,101
734,112
6,8^,340
+ 13.6
16,051,621
14,312,336
+ 12.2
1,978,418
2,000,532
1.1
1,777,428
1,591,603
1,631,197
1,589,420
4,111,160,125
3,425,064,286
+ 20.0
8,511,141,385
7,182,946,230
+ 18.5
625,285,773
565,961,390
+ 10.5
518,741,344
422,667,270
182,500,000
156,400,000
+ 16.7
129,200,000
99,700,000
'
Rockford
Springfield
Sterling
Total
11,157,329
——
————
Moines
^
')
8,587,672
27,729,001
48,226,957
—
Manitowoc
t&.—Cedar Rapids
Des
"
——
titles)
(31
-
——
I;
-
.
797,932
+ 10.6
—
8.0
48,597,109
,/
+
2.6
Eighth Federal Reserve District—St. Louis
21.2
1,480,882,552
1,238,641,459
+ 19.6
+ 35.5
10.817,299
8,233,251
+ 31.4
+
15.8
1,722,430
1,569,602
+
9.7
276,170,840
+
5.C
614,870,591
569,275,506
+
8.0
66,941,206
62,638.129
+
6.9
52,904,742
46,236,172
161,262,625
+ 17.8
401,761,371
340.670,726
+
17.6
39,083,953
38,692,361
+
1.0
33,308,738
6.8
1,127,454
872,145
+ 29.3
28,380,099-
+
3,241,000
+
36.5
9,439,000
6,701,000
+ 40.9
825.000
1,0731665
—2315
8_2~4l000
620,080
1,041,278,123
+
16.5
2,520,620,697
2,165,963,689
16.4
289,350,159
258,803,490
+ 11.8
216,237,480
174,936,271
722,218.233
595,728,036
4,973,599
3,670,160
843,842
728,841
Ky.—Louisville
290,015,360
Tenn.—Memphis
190,029,225
508,938
476,621
4,423,000
1,213,012,197
Mo.—St.
Cape
Louis
—,—
Girardeau
Independence
111.—Jacksonville
Quincy
Total
(7
cities)
+
+
[
Minneapolis
Rochester
Winona
—
—
Fergus Falls
N.
I,.; '
___—.———
...
<_
Paul
St.
D.—Aberdeen
Falls
Sioux
—!—-——
Huron
'
.ft.
Mont.—Billings
Falls
Great
5.5
4,149,841
4,550,354
8.1
3,517.889
3.747,766
+
+ 29.5
149,993,525
126,111,815
+',18.9
98,507,252
74,497,111
44jlT43i
~+~15~7
37,4~1Q"894
33,137,390
3.8
3,211,914
2,745,171
4~7
U14T96
850,964
30,659,962
3,328,876
+
39.9
326,797,161
+
28.7
3,684,741
+
■
1,834,167
420,473,637
32.2 ■;.■••'
+
25.0
311,004
4,828,160
811,362
984,665
+48.9 '
.
29.0
+
75.7 ;;::«■
5,321,000
54.9
+
31.3
7.6
2,688,455
27,326,596
52.7
+ 80.6
+
12,009,664
;'+-C +
3,159,91?
1,291,826
+
994,345
.
71.0
I,420"576
9,036,255 ;.r,tO*: + 32.
26,165,993
4.4
2,237,116
+41.2
.
9,346,581
7,937,990
11,982,755
41,969,208
36,676,419
849,349
711,574
.
~
1,298,990
4,24~3,7n
216,063,869
Neb.—Fremont
5.6
.
+
21.5
340,981
+
13.0
657,297,255
+
28.9
1,784,941,841
822,422
+
9.4
1,891,994
.
899,623
Hastings—___
Lincoln
Omaha——.™
Kans.—Manhattan—
Parsons
'
*
+ 27.9
,
Carthage
.
*
Okla.—Tulsa
_____—
DSDVCf
3,380.812
79,266,112
51,133,440
33,556,527
Beaumont
———
+ 48.0
4,400,339
3,211,358
16.7
3,103,035,295
2,618,279,351
+ 24.6
21,788,995
7,912,698
+
4.1
17,223,595
362,696,361
33,350,812
+
27.4
+
22.0
32.8
944,189,732
88,485,990
773,672,337
+
70,391,606
+
25.7
46,862,277
+
11.8
109,810,513
+
16.6
10,787,000
324,186,514
3,268,576
4,689,617
2,074,656
18,367,514
+
41.0
29,479,000
94,155,458
22,415,000
+
31.6
20.1
15.6
42,981,306
823,019,881
+ 25.2
2,107,989,296
21,235,328
—
1,030,750,219
—
Twelfth Federal Reserve
-f 14.3
'
+13.9
+
,
+
Yakima
....—
Dtah=Ogden
Lake City
TO; 5381538"
—
27,806,776
Ariz.—Phoenix
V
Calif.—Bakersfleld
9,519,193
13,995,692
48,832,274
7,289,925
—
—
—
—
Modesto
;
Pasadena
+25.1
2,081,780
2.528,275
2,133,451
16,613,963
+
101/792,000
91/70T,642
88^990*,144'
iCiXSi
11,859~938
10,643^935
6,816~705
2,985,700
2,372,970
2,652,000
2,303,000
34.9
12,483,113
9,656,342
+
29.3
27.6
5,239,208
cities)
—
—
—
Below will be found a
1,253*460
1,096,731
1,145"884
980,390
39,557,450
+
8.7
5,524~280
4,075*837
4,~5~47"989
3,564.621
1,743,948,161
+
20.9
124,757,511
113,635,393
+ 1018
110,113,403
77,453,833
+
30.3
+11.3
80,544.467
93,171,923
—13.6
67,461,146
49,695,533
+ 37.4
2,036,117
1,828,654
+11.3
1,439,675
1,145,191
70,629,616
:'+.. 3.8
49,600,003
U
+19.2
4,394,803
^
.
1,739,078,609
34,995,819,487
43,606,089,465
17,826,393,291
21,304,601,404
1
Refining Co., Ltd.—
,
.
1'
4Va r'o 1st mtge. bonds, due 1955_—_—Apr
1
American Bakeries Co., class A stock—____—__Mar 27
Corp.—
G33
.
+ 46,9
3,767,000
555,403,824
5,534,000
631,389,265
13,103,791
14,238,494
830,367,359
_—:.3^S1nQ2.24a
+ 21.4
67,620,772
48,717,869
+
+ 76.6
12,376,708
+ 71.1
>66,089,348
10,750,967
•-+1-R7"
+
22.8
+
35.5
+ 51.6
16,462,242
+
47.8
V
--__26.23fi.2QQ
+
;;
-26,148,961
:
+
5,816,760
+ 81.6
3,452,704
+
280,2"l~8"o00
248,960,851
45.4
2.4
1,908,280,533
41,266,286
34,266,461
+ 20.4
16,853,699
+
36,989,196
10,402,689
32,996,263
4,343,546,920
3,671,875,466
+
20.9
24.6
89,708,594,603
+ 19.4
+
Aroostook
1st
&
929
4^%' 50-yr. bonds due 1961_______Mar 14
731
Valley RR.—
ref.
mtge.
Armour & Co.
Atlas
1
Oil &
inc. debs, due 1978____Apr
1st mtge. 4V2S, due 1956__Apr
1
1
Apr
1
of Delaware, 7&
Refining Corp.,
& Sons Co., 5% notes due
(Ludwig) & Co. Warehouse—
Avery (B. F.)
Baumann
1st
May
debentures, due 1949—
conv.
bondspreferred stock_____
Power Co.,
1st trust
1947-^.
mortgage <oV2%
Bridgeport Oil
California
due
Co.,
Electric
______
mtge.
346
Mar 22
Apr 1
*
635
1
1
1
$1728
836
635
bonds
Apr
1956
835
731
,
series A, due 1951______May
Investment Corp., preferred stock
Apr
Central Ohio Light & Power Co.—
1st mtge. 4% bonds, series C, due Aug. 1, 1964—
Mar 20
1st mtge. 3Vz% bonds, series D, due March 1, 1966__Mar 20
Collins & Aikman Corp. 5% conv. preferred stock
May 10
Consolidated Edison Co. of New YorkIncome 10-year 3Vi% debentures due 1S46_
Apr
3
Canadian Canners, Ltd., 1st 4$,
Canadian Foreign
837
837
*
*
Duluth, Missabe & Iron Range Ry.—
1st mortgage 3V2S, due
Durham Public
Ref.
1962
Apr
1
934
Apr
1
108
Service Co.—
mtge. 7 % bonds, series A, due 1949—
!
168,626,000
+
+
43.5
3,822,261
+
5.9
+18.3
488,173,937
459,768,476
+
'•
0.6
1,365,386
4,049,616
6.2
.
4,559,703,
4,533,944
9,989,458,290
3,655,957,500
4,551,543,626
4,223,670,859 :
and
Company
Date
{+/
1,597,352
.
2,525,764
•>■■
366,837,048
289,324,307
7.8
3,820,523,273
2,925,820,799
+
+
Issue—
7,190,436,085
6,038,661,305
.
..
Date
1
.
Page
$1675
due 1956—Apr
Springfield City Water Co., 1st mtge. 4s, ser. A,
,
1,509,748
"
3,054,470
+ 15.4
17.5
+
3,092,627
1
+22.9
;
935
Struthers Wells-Titusville
Mar 30
__Mar 15
.—Maris
Mar 11
935
Tray lor Engineering & Mfg. Co. preferred
638
7% cumul. preferred stock—______ Apr \1
Union Investment. Co., 5% conv. debentures, due 1946—Mar 15
York Corp.—York Ice Machinery Corp.—
•
.
.
'
1945—
Jun
1
Hawaiian Irrigation Co., Ltd., 6% bonds dated 1909——July
1
Helvetia Coal Mining Co., 1st mtge. 5s, due 1958—__
Apr
1
Hooker Electrochemical Co., 6%
preferred stock—____Mar 31
Hotels Statler Co., Inc., 6% preference stock—______Mar 31
936
mortgage V/o bonds, series C,
Public Service Co.—
due 1966—.Mar 30
„
bonds, series C, due 1955
Goodrich (B. F.) Co., 1st mtge. 414s, due 1956
Gotham Hosiery Co., Inc., 10-yr. 5% deb. due 1946
Great Northern Power Co., 1st mtge. 5s, due 1950
mortgage 47o
*
1st mortgage 5Vis,
1
550
638
due
Inspiration Consolidated Copper Co.—•
1st mortgage convertible 4% bonds, due 1952—
Johns-Manville Corp., 7% preferred stock—
8
"Announcement
m
this
737
Liquid Carbonic Corp. 4Vz'/o preferred stock, series A__Apr 15
Minneapolis <fe St. Louis Ry., 4% gen. mtge. inc. bonds-May 1
Monon Coal Co. 1st mtge. 5% income bonds due 1955—Mar 25
National Container Corp., 5V?.% debentures, due. 1952—Apr
1
Dairy Products Corp.,
«
serial debs., due 1948—Apr
1
notes due 1947—Apr 11
3%s,
Natural Gas
first
current week.
:
'.
Serial
notes,
due
cumulative
1943 to
we
"i/.,
grouped in two separate tables.' In the
announced the
bring together all the dividends
552
Then
we
follow with a second table in
which
we
show the dividends previously
announced, but
938
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,
384
declared.
878
which have not yet been paid.
ord of past dividend payments
585
$2365
Industrial and Miscellaneous Companies
4
385
P«r
1954
stock
1956
880
Abraham
774
Ahlberg Bearing Co., Class A
976
Allis-Chalmers
976
American
Bosch
Corp
American
Apr
1
Mar 18
Apr
3
Share
Name of Company
Brake
Shoe,
&
Amalgamated
preferred
,
■»
Co.—
mortgage pipe line 3XU% bonds, due
Southwestern Publie Service Co.—
1st
6V2 '0
158.
,
$2198
The dividends announced this week are;
series B, due 1955
Apr 1
Park & Tilford, Inc., preferred stock.,
Mar 20
Penn Mercantile Properties secured s. f. bonds
Mar 20
Reliance Mfg. Co. of 111., preferred stock
.
Apr
1
Retail Properties, income 5 'jo deb. series A, due 1959
Apr
1
Saguenay Power Co., Ltd.—<
1st mtge. 4'A % bonds, series A and B
___Apr 1
Sayre Electric Co., 1st mortgage 5s, due 1947
Apr
1
Shell Union Oil Corp., serial notes, due 1945—
Apr
1
Southern
are
937
Oklahoma Natural Gas Co.—
mtge.
$In Volume
issue.
486
*
587
644
DIVIDENDS
Dividends
843
Co. convertible 5(/o
Niagara Share Corp. of Maryland 53/2% debentures—Apr 24
Northwestern Barb Wire Co., 1st 5Vis due 1945
Mar 15
1st
Apr"1
.
842
936
Apr
1
,_Mar 24
stock—
936
1
New York Dock
1949___Apr
Tubize Rayon Corp.,
936
Apr
1
Laclede Gas Light Co. ref. & ext. mtge. 5% bonds—__i._Apr
8
Leeds & Lippincott Co.,
bonds, dated 1937——Mar 25
Litchfield & Madison Ry., 1st mtge. 5s, due 1959
May 1
National
Corp.—*
■fl 1st mortgage 6s due 19^-^.
Grocery Store Products Co.—"
Collateral lien 6% bonds, due
■
5+2 fo
209,516,000
3,435,003
1,945,897
and Issue—
Corp.—
3,721,461
+ 12.6
61.8
37,528,511,661
Power
3,980,250
+12.1
73,100,504,067
44,113,760,276
+
4,341,767
7,181,178
,
35.3
+ 40.5
8,407,477
2,294,368,800
15.1
•
10*56+513
4,672*625
38.6
+53.1
25.6
+
16.491.394
,
+ 20.6
.
•;+ 72.0
+
19.57U62
Ma
38.8
+ 25.0
■
38,174,822
8.0
12 Q
24,850,730
38,025,907
11,810,841
44.1
+
73,346,799
+ 13.7
—+
'
'
21,172,376
29,969,258
91,585,492
1st
441
.
,
+ 21.1
.
0.5
1st
-'
Acadia Sugar
13,208,784
•
Florida
Page
Date
.
12,087,575
40.6
Florida
list of corporate bonds, notes,
Company and Issue—
672,418,200
+ 17.3
+
—
12,224,679
3,826,214
17,612,869
5,371,335
6,996,377
748,451,875
16,604,462
15,994,922
+19.8
preferred and common stocks called for redemption,
including those called under sinking fund provisions.
The date indicates the .redemption or last date for mak¬
ing tenders, and the page number gives the location in
which the details were given in the "Chronicle."
Chemical
62,028,821
34.4
+ 36.6
2,102,085,234
cities)
I.-G.
1,760,298
;v—l—*
3.7
+
+
Redemption Galls and Sinking Fund
Polices
American
152,454,961
206,728,694
7.5
+
291,907,747
17,413,112
6,507,225
Company
;
742*353
313,902,301
+
17,266,802
.;
Stockton
Outside New York
694,995
"765*269-
14.7
+
689,170,865
8.8
8,454,816
Barbara
(190
1,033,623
■
8,746,697
28.8
19,434,271
Total
.
,
'., + 37.0
+
887,818,749
15,478,091
4,917,252
14,996,777
Jose
(19
925,385
942,086
827,561,147
+
1,109,685,726
Francisco
San
■
•
15.4
+
24.3
+
5,653,687
Riverside
San
191,145,716
5,826,191
+21.5
7,017,248
.
13.9
+ 14.0,
•
+ 36.5
+
1,867,000
■270,206,093
6,171,093
—-^26T,26r^
22,911,525
5,389,674
11,397,742
36,036,439
4,808,485
317,067,709
6,138,615
;
Beach
+
8,410,315
;
35.0
+
2,548,229
7,583,345
2,625,000
Ida.—Boise ;
Berkeley
+
'
331,613,325
6,278,397
6,327,579
3,282,130
360,718,997
8,578,869
Seattle
Ore.—Eugene
.
District—San Francisco-
Wash. —Belllngham
Grand
7,904,708
8,096,201
—
(11 Cities)
Total
3,583,719
198,693,668
•
47,676,529
,
Santa
l01,Yl7~849
4,195,732
4.7
13.7
+ 31.4
2,648,049
La.—Shreveport
Long
138.45~3~.916
+
+
+36.1
393,154,676
;»w—j—-
—
Texarkana
Salt
2,840,671
3,484,012
9,585,430
477,668,499
+19.2
1,268,954,899
44,278,888
—
Portland
4,960,733
20.3
*—
Total
2,779,813
26.5
2,277,295
104,955,682
52,392,767
15,209,000
Houston
—499,024,589
Port Arthur —™4,462,318
Wichita Falls
—
6,327,976
'
18.2
+
1,687,058
92,133,855
45,948,803
461,945,682
Worth
Ft.
+
5,791,978
6,228,299
4,368,055
188,600,670
3,088,930
1,564,602
^>^4,433
:
_
Galveston
45,608,122
District—Dallas-
Dallas
Paso
2,556,702
7,327,718
1,431,598,360
'
9.6
10.9
+ 38.3
21,583,705
591,444
1,480,839,396
—
"•
,w:
3,020,974
51.1'
+
7,141,574
+
+
2,315,969
Eleventh Federal Reserve
-El
+
+16.9
.
.
189,213
•4,782,070
3,096,256
89,503,746
9.2
23,218,577
--
175,787
+25.7
2,792,050
1,627,322,917
64,893,124
2,971,016
Texas—Austin
-
:
149,366
181,250
5.028,950
29.5
+
+25.5
.
1,923,700
.
68,899,291 '
33.1
+
..
2,535,422
27,134,125
:.
Yi:
522,389,651
2,417,381
.'••i-V'
28.8 ■+
+
699,552,913
/
3,255,212
775,701,042
,•,'"29,860,040
'
705,273
52,520,682
4,974,447
226,920,289
—
(16 cities)™
Total
'
+34.1
—11.9
22,306,503
-—4,058,473
-
119,603,823
474,156
*?12 731
8,823,856
——
Wyoming—Casper
148,913,640
+
265,930
•
242,335
15.2
+
29,587,657
655,488,897
26.2
+
948,927
1,402,378
10,220,357
r
29,692,945
ii
38,327*124
25.9
+
250,349,920
13,164,749
Wichita
Pueblo
14,634*254
18,427,830
315,835,115
1,272,731
1,234,976
.
——
Springs
16.4
19.4
+
'
Colo.—Colorado
3,745~490
185,671,089
+ 14.4
a,641,896
V,
16.9
+
1,395,069,934
—
Mo.—Joplln—
Kansas City
St. Joseph
"929^931
3,957~279
1
+
:
District—Kansas City-
Tenth Federal Reserve
Topeka
1,~194~216
—11.4
T+H7-
9~4~3~422
4,736" 170
+17.7
':
10,252,115
2.8
3,881,529
4,690,071
+
3,597,321
+ 24.7
2,946,000
•,
4,598,558
+
4,312,614
12,965,339
+.21.4
;
24,069,000
30,008,202
+
11,658,626
1,514,000
•'
—
31.0
4,655,506
+
847,401,453
,
%
907,066,915
16,060,576
.
<16 cities)
/
385,182
Helena
tewistown
Total
+ 29.0
2,660,000
2,000.742
5,662,425
13,948,557
1.517,917
3,988,516
4,954,887
19,520,271
Minot
8,
1,645,417
32/359,982
1,175,068,061
154,650,210
15,036,845
—
-
Y
+ 29.8
462,963
-
D.—Fargo
Grand. Forks
426,553,128
$
Dec. 'jo
$
Dec.
1.7
+
14,593,422
14,835,589
553,602,465
2,122,714
204,410,248
2,292,132
;
1941
1942
Inc. or
1943
1944
Inc. or
;
Dec. %
•
District—Minneapolis—
Federal Reserve
Ninth
Minn.—Duluth
1943
'
1944
Inc. or
S
$
-Week Ended March 4-
—Jan. 1 to Feb. 29-
February
1943
Clearings at—
Monday, March 13, 1944
FINANCIAL CHRONICLE
THE COMMERCIAL &
1074
880
977
Straus,
Inc.__
75c
;
8%c
(quar.)
35c
Manufacturing Co
Sugar
Co.
5c
25c
(quar.)
;
common' (quar.)____
preferred
Holder«
of Rec.
4-25
4- 1
3-16
4- 1
3-31
3-31
4-15
3-24
3- 2
3-17
3-17
3-17
10c
Extra
5V*7e
25c
When
Pay'ble
(quar.)
,
3-31
3-17
$1.31 Vi
3-31
3-17
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4263
159
When
Holder«
Payable
of Rec.
Per
Share
Name of Company
American
Business Credit Corp.,
American
Crystal Sugar
American
Electric
1 30c
.
preferred
partic,
Corp.—
3-31
6c
class A____
,4-
$1.50
Co., 6% pfd. (quar.)
Securities
■
■
3-15
-
Express
(accum.)__j___ -..J.'-
10c '
■
Lace
American:
Optical Co.
American
5%
Telephone
3-17
3-10
3-15
General
3-
3-10
4-
(Abilene,
Kan.—
4-15
$1.50
$6 pfd.
(quar.)—_
Associates
Investment
Common
:
(quar.)— _____——_———
57c. preferred
Atlantic Co.,
6%
Corp.—
(increased
4-
1
3-15
4-
1
3-15
■
3-3i
V 3-16
67o
(B. P.)
Barber
(W. H.)
67c
Bishop
(N. Y.)
Co.
Oil
Extra
1
4-
50c
i
5Va%
preferred
A
•
9
3-
3-15
3- 9
1
4-15
$10c
4-15
3-20
25c
3-31
3-17
4-
5%
preferred
3-17
3-25
3-17
4-
1
3-15
1
3-15
fx 50c
4-
;
4-
1
V 5'/c
,.v>
15c
4-
1
1st part,
4-
1
Oil
25c
3-31
87 Vac
3-31
4-1
$7
31VtC
V.
preferred (accum.)__
Ltd.,
—
'
:
6%
preferred
Central
(quar.)——1
Corp
1
3-15
;
4-1
3-15
$37 VaC
4-1
3-10
50c
4-1
3-16
4-
:
•
$1.75
5c
1
3-
(N. Y.)_
4-
•
1
4-
45c
3-15
1
$1.25
$1
(quar.)
3-20
:
4- 1
*
•
4-
1
3-20
75c
4-
1
V: 3-20
85C
4-1
3-17
—,
1
75c
4-
3-
5
1
,
7Vo
4-
j"
7
75c
4-
1
1
3-14
5-15
1
3-20
4-1
3-20
4-
.
'■
$6
3-11
1
3-11
v
;
!
$5
4-
Corp.,
$$2
(quar.)—.——_
preferred
(quar.)—
(quar. )
4-
1
3-17<
4-
1
3-17
75c
1
3-17
4-
1
3-17
4-
1
3-16
4-
25c
37 Vac
(quar.)..
1
4,
■M.
W 37 V4c
...—
3-20
J,
4-14
(quar.)—
'Crystal Tissue Co.'(quar.3_———ri—
6°!o
common..
Stores
Hosiery
■v
Decca
Records
(irregular)
Mills
Inc.
(increased
quar.).—...
3-20
20c
.....
...
$6
Manufacturing Co., Class A (irreg.)
prior preferred (quar.)—...
Stockyards, preferred (quar.);
Union
Dominion
'-} Donahoe's Inc.,
Dow
*■
Chemical
Steel
St
6%
Co.,
preferred
preferred
Duff-Norton
25c
4-1
37 VaC
3-15
3-
75c
4-15
4-
i.
4-15
4-
1
$1
4-15
4-
1
40c
3-13
25c
4-
(quar.)
Mfg.
...
...
(quar.-)—.—.—
Eastern
$2
J
Steamship Lines, common————.
convertible preferred (quar.)—.......
Howard
&
Eaton
Corp.
Egry Register, 5Va%
Electrical
...
3-17
3-25
3-17
3-20
3-10
«
3-13
A
B
Common
Mascot
3-31
3-15
Family Finance Corp., common
$1.50 convertible preferred A
$1.50 convertible preferred B
Faultless
Rubber
12VaC
...
20C
44-
37 VaC
(quar.)
Sons, common (quar.)—
preferred (quar.)—
of Pennsylvania (quar.)..——
Tire
National
Florence
Stove
Fohs Oil
Rubber.
Stores
-
(quar.)
....
Formica
Insulation
Freiman
(A. J.), 6%
preferred
3-15
3-25
3-17
4-
1
3-31
4-26
4-19
4-26
4-19
4-
3-18
1
4-20
62 VaC
4-
;
4- 5
3-18
3-31
3-21
10c
3-28
4-
1
3-15
$$1.25
4-
1
3-15
50c
4-
1
3-23
3-31
—...—7VaC
6-30
6-15
50c
3-15
3-8
4-
3-15
•
Corp., 6%
Ontario
Loan
Can
Debenture Co.
&
Co.
$1.50
3-21
3-
8
3-21
3-
8
4-
1
3-15
3-31
3-24
3c
3-20
3-10
10c
3-28
3-18
4-
1
3-15
4-
1
3-15
4-
1
3-15
4-
1
3-15
25c
3-
3
Pacific
Coast
3-31
2-28
Pacific
Public
3-31
3-17
3-31
3-17
Page-Hersey Tubes, Ltd. (quar.)$$1.25
Pennsylvania Power & Light Co.—
3-30
3-20
3-30
3-20
3-30
3-15
:
6-1
4- 1
5-16
Peoples
Inc.___.
(quar,)____.
$6 preferred
(quar.) ___________________j_: K $1.50
preferred (quar.)
$1,75
preferred (quar.)
$1.25
_____
$5
Telephone
Corp.
Peoria
Water Works,
Pfaualer Co.
3-15
(quar.)
$2
4-15
3-31
preferred (quar,)__
7%
___________
$1.75
4- 1
3-11
4-
3-20
20c
s
Extra
3-15
4- 1
Service
5c
Coal
Plough, Inc.
3- 7
2-
1
3-29
4- 1
3-16
Potash
3-
Premier
8
Gas
Co.
of
America
Gold
3-20
2-23
2-18
15c
—_.:
1
4-1
(quar.$1
(quar.)
1
10c
$$1.25
(quar.)
Aggregates
3-15
10c
(quar.)
3-31
$7
3-15
3-31
$2
,
(irregular)
4-
1
3-15
j______
50c
4-
1
3-15
Ltd.________________
tic
4-15
3-15
(irregular25c
3-15
3-
3-24
3-10
4-
3-15
Mining,
Progress Laundry Co.
Providence
4-1
4-1
3-
8
3-
8
15c
25c
4- 1
3-27
3-15
—t$1.75
f8%c
5-1
5-1
4-
J.$5.00
$$1.75
4- 1
4- 1
4-15
4- 1
3-31
4-15
5-15
4- 1
4- 1
4- 1
4- 1
4- 1
3-10
——
25c
$1.50
50c
$1.50
5c
(quar.)—
•
— —
3-15
3-
6
Reduced
Minnesota
$6
preferred
—
7%
7%
U.
7%
U.
Light, 7%
Roeser
Safeway Stores,
S.
Montreal
Pendleton
25c
(quar.)
$1.25
common
1
3-21
Simmons
1
.
Stevens
Dohme
Co.
3-17
:
pfd. (quar.)
(quar.)..
—
(quar.)
—
■
3-27
3-20
5-15
4-15
3-20
3-10*
preferred
C.) & Corona Typewriters Inc.—
30c
3-20
3-10"
50c
4-
1
4-
1
Iron
&
Co.,
^
(L.
Common
3-
3-31
■.South
4-10
3-31
j Southern Fire Insurance Co.
4-10
3-31
•
4-10
3-31
Spokane
4-1
3-15
Springfield Gas & Electric Co., $7 pfd. (quar.)
1
3-15
State Street
3-31
3-23
Stearns
3-31
3-15
5%
4-12
3-15
Strouss-Hirshberg
1
3-15
Struthers
4-1
3-15
Sun
3-25
3-15
3-25
3-15
1
3-24
$6 preferred
1
(quar.)...
Pitts'gh Water Co., 4»/2%
Life
$2.50
General
3-24
3-15
Toronto
3-15
Mortgage
1
4-
1
3-11
4-
1
3-14
1
i
4-1
(Canada)
Union
4-1
3-15
10C
3-20
3-17
2c
$1.75
$1.50
$1.50
$1.50
12^0
3-30
*4-
1
1
3-15
4-
1
3-15
4-
1
3-15
1
3-17
$$3.25
(quar.)
1
Co.
(quar.)..
Drill
Co.
3-15
On
or
about
May
18
common
for
each share of U.
G. I.
4-
1
3-21
Morris Plan Co. of California
3-13
3-6
2-28
3-31
3-20"
50c
3-30
3-23
4-
1
3-16
5-
$37c
1
4-10
5-15
4-15
U. S.
U.
8.
Cold Storage
partic.
held
3-10
—
_—
62V2c
37V2c
4- 5
4- 5
3-14
(quar.)—...
(quar.).
50c
3-31
4-20
3-27
4- 1
3-20
3-15
3-31
5-1
3- 1
$2
prior preference
Plywood Corp., common
preferred A (quar.)
4-1
3-18
50c
25c
3-15
3-10
3-
1
3-
6
$1
$$1.25
4- 1
4- 1
3-27
4%%
U.
S.
Potash
Co.,
67c
preferred (quar.)
Universal-Cyclops Steel
Tobacco,
Universal Leaf
87o
preferred
.
3-14
Corp.—
—
common
(quar.)..
(quar.)
Corp.
Van Camp Milk Co., common
$4 preferred (quar.)
Viau, Ltd., 57a preferred
(irregular)—
(quar.)
3- 8
$1
3-15
4- 1
10c
(quar.).
$1.50
Morris Plan Bank of New Haven
4- 1
l/20th share of Delaware Power & Light
United Shoe Machinery Corp., com.
6%
preferred (quar.)
(quar.)——
3-15
3-15
3-10
$1.25
3-21
1
2-10
3
4- 1
4-
62J/2c
(quar.)
(stock dividend).
a
distribution of
$1.50
4-
3-13
(accum.)
Gas
(quar.)—-
3-15
1 2/5c
2-24
75c
3-15
1
2-10
quar.)
$80c
4-
3-13
2-24
Corp.—
3- 9
Telegraph Co. (quar.)
3-15
27 l/5c
-
50c
$1-75
(payable in
4- 1
Corps., Ltd., class A
Wabasso Cotton,
9
10c
Co
(reduced
Improvement
3-16
3- 1
$$1
$$1.25
(quar.)
Fisher
3-10
3- 1
$25c
Corp.
Victoria Bondholders Corp.,
$55yiC
4- 1
3-31
$1
Universal Match
4-
3- 4
1?,.
75c
Carbon Co. (quar.)
Cigar-Whelan Stores
$5 preferred
3-15
4-
3-11
3-20
(accum.).
United
47a
3-20
3-27
30c
25c
(initial)
Trusts
Elliott
Twist
United
United
3-15
4-
Brothers, Ltd.
Underwood
3-15
4-1
3-27
3-31
Corp. (quar.)___
Tyler Fixture Corp. (irregular).—
3-21
4-1
3-15
4-15
3-31
(quar.)
United
8
4- 1
Trico Products
3-20
3-
3-31
3-22
50c
25c
.
Toronto
3-15
4-15
4- 1
$1.75
Corp., 8% pfd. (quar.).
Tobacco Securities Trust, ordinary (final)—
Tooke
4-
$1.50
•
Products
3-31
3-10
3-22
(accum.)
3-15
3-27
3-27
___
preferred
preferred
4-15
1
50c
(irregular).
(initial)
Co.
Corp.
Assurance
Tennessee
4-
Corp. (irregular)
& Co., common
...
Wells
3-15
4-15
^
(quar.)
Investment
(Frederick)
partic. preferred
3-15
$1.12M2
England Telephone Co
International Railroad Co..:
4-1
4-
$1.50
=
$1.25
(N. C.)
Ordinary
50c
4??7C
....
pfd. (quar.)
Southern New
7%
9
3-21
,
15c
(quar.)________
Steel
Walker & Co., $2.50 Class A (quar.)
Class B (irregular)
(quar.)
3-30
25c
Corp.
3-
funds)—
3-20
'/:-•••• 25c
•
3- 9
—
3-30
15c
Oil
$1.20
Smith
Inc.
$1-75
1
3-8
3-
3c
4-15
$1.75
(quar.)
4- 1
3-20
common..,
Sloss-Sheffield
3-17
4- lv\..'. 3-15
75c
(irregular)
Sinclair
3-
3-20
3-10
3-15
$1.50
_
(quar.)..___
Brewing & Malting (quar.)..
3-20
6
Clark Fund
&
6-12
>
3-18—=
preferred (quar.)
SeFai^eft-Electric
Sharp &
3-15
1
7-
3-21
3-27
4
3-27
4- 1
1
1
4
3-
1
3-20
-
(quar.).
5%
3-15
3-15
3-
3-15
4-
25c
Seattle
3-25
.
preferred: (quav.).^
Sangamo Electric Co. -(guar.)....
3-15
4-
3-15
37J/2c
37'/2c
75c
2-29
4-
3-11
3-15
50c
Scudder
4-
4-
(quar.).
Bros.
2-24..
4-
1
4-1
-
50c
Markets..
Roos
$1.50
(quar.)
preferred, class B
(quar.)
(accum.)
Public
3-14
1
$1.50
3-15
75c
75c
J—,
—
funds)—.
class A
3-15
1
,
Myers Inc., $1.50 preferred-.:;
Preferred
&
25c
Mills Ltd.—•
4-
■
.
,
preferred (quar.)—-—
—
Corp. Ltd., common (quar.)—
preferred, class A (quar.) (payable in
S.
&
(quar.)__
Works
Corp.—
(quar.)___-
preferred
Roberts
Fund of Boston
(Irregular)
6%. preferred
3-14
Monongahela West Penn Public Service Co.—•
Moore
3-20
Bit
Water
3-31
lc
30c
75c
$1.75
75c
35c
'x
—
Corp
Molybdenum Corp. of America
Monongahela Valley Water Co.—
preferred
3-31
3-31
4-
50c
50c
30c
$1.25
$1.75
$1
—
.—
Mississippi River Power Co., 67e pfd.
7%
4-15
Robbins
1
6
Manufacturing Co.—
,
15c
(George)
Roller
4-
$6.25
—
...
quarterly
preferred
67^
3-18
$2
3-15
•
—
&
3-18
1
Riverside Silk
3-24
3-31
3
1
4-
v
3-15
5-
4-
4-
3-17
4*
1
4-15
30c
Richmond
3-10
4-
$1.25
25c
—
$$1.75
25c
Tampa Gas, 8%
(irregular)
Trust Co.;(N. Y.)—
Power
preferred (quar.)_____
Putnam
4-3
—
RR.
25c
(quar.)
37y2c
—
(Del.)
—
&
Paper, 7%
4
•V'";--
Puget Sound Pulp & Timber, common (irreg.)
6% conv. preferred (quar.)
3
4-
25c
$1.75
—
(quar.)—
Hov
Tool
I.)—
j
preferred
$5
1
4-
(R.
S Puget Sound Power & Light Co.—
3-10
3-15
20c
common
Corp.
Washington Insurance
Quarterly
1
4-
37J/2c
——
$$3
;
1
7'/2c
3-
Reed
50c
——
(quar.)—
1
50c
—
preferred (accum.).
(George A.), 4%
3-11
1
37 VaC
—
(quar.)
1
4-
$2-
—...
Co.
4-
25C
$1.18%
...
1„......
Co.
Co.—
3-11
$6
25C
„
&
>
3-11
:
15C
:
Finance Co.
Firestone
3-10
1
(Wm.)
4%%
3-21
'
1
37 VaC
1
Fidelity Fund (quar.)__——■
Fifth? Avenue Bank of N. Y. (quar.)—
Filene's
3-20
(quar.)—
1
Co
3-31
12 Vac
.....
4-
(quar.)_
3-10
$1.50
$1.75
Michigan Associated Telephone Co.—
6% preferred (quar.).—
—
5c
...—_
3-20
(quar.)
3-27
Co.—
Oil .Co.—
Midwest
.1
1
$1
3-15
$1.50
Matson
Micromatic
...
3-20
4-
Co
3-31
3-25
6
3-20
1
25c
_______—
Ogden Corp.
3-18
4-
$1.50
_______
pfd. (accum.).
Olympia Brewing, common (irregular)______
67o non-cum. partis, preferred (irregular)
39 l/5c
50c
Navigation Co. (quar.)
—
McCaskey Register, 87* 2nd pfd. (accum.)—
7% 1st preferred (quar.)
McKee & Co., Class B ((quar.)——
McLouth Steel Corp.
(irregular)———
McQuay-Norris Manufacturing Co.—•
Increased quarterly
—
——
Mead Johnson & Co., common (quar.)———
••V Extra
>
3-31
(resumed)....
3-15
Corp.
Quarterly
Pittsfield
(quar.)„
Marion-Reserve Power Co., $5 pfd. (quar.).
Marion Water Co., 7% preferred (quar.)—
4-15
Co.
1
3-15
•^Provincial
(quar.)
\ $1.50
...
4-
Co.,
Coal
3-11
(irregular)
Nu-Enamel
■
—-
3-31
Co.
Novadel-Agene Corp.
3-31
3-30
$1.50
Telephone
4-1
$1.50
...
(quar.)—j
1
——
Corp—
Gas & Electric Co.
.Class
4-15
Inc.
1
3-20
10c
Co.....—.
Gas
25c
Products
Exolon
Fuller
3-17
$1.37Va
(quar.)_„_
3-17
4-
$1.50,
$$1
Jj——
(P.)
$1.75
Equity Fund,
First
1
3-25
Star
(quar.)__________
Corp.
preferred B
Evans
3-17
4-
3-31
B
3-31
2-29
1
30c
(quar.)
common
(quar.)
3-
3-17
3-10
50c
Corp.,
A
Bell
3-15
4-1
30c
37y2c
(irregular)
Co.
Electric, 7% preferred A (quar.)—_
(quar.)..:
.1...
El Paso
6%
Products
preferred (quar.)
3- 3
$
1
5c
1st
3-15
.
4-
$2.25
5c
1st
Marlin-Rockwell
4
10c
(quar.)
......
—
1
50c
& Howard Stock Fund (quar.)———.
Ecuadorian
Fund
3-
20c
Eaton
Balanced
$6
87V2c
62y2c
(increased)..—
$2 conv. preferred (quar.)
Marine-Midland Trust Co. (N. Y.)
1
$1
......
(quar,)-...
(irregular)___________
35c
(quar.),
Power
Manufacturers
3-10
(quar.)
(N. Y.)
Car
preferred
preferred
Pacific
—
Corp.
Brownhoist
Mahoning
2-19
$35c
'
common
5% preferred, class A
$4
$1.37 Va
(quar.)...
1st
1
(quar.)
Industries
1
Electric
Class
3-20
______
Ltd.
File
3-15
1
4-
$1
25fr
,
(quar.).—
Fibre
7Vp preferred
.
3-20
(quar.)—.
(quar.)—
Foundries
Trust Co.
Ohio Cities Water
Material Co., com. (irreg.)
Electric
Louisville
,
Harvester
•Detroit
$6
4-
$1.50
Telephone Co.
4-25
preferred
Lone
3-10
convertible
Denver
York
North American
.
(quar.)
—
(qu&r.)
preferred,
Lorillard
-
•
Dennison
;
New
Newark
pfd, (quar.)JJV $1.75
Light, 77c
3-15
...
3-15
Co
3-18
&
(quar.)
4-
-—
3-20
Dejay Stores Inc.———..J........
Electric
Power
preferred
Norwich & Worcester RR.t 8% pfd. (quar.)_
Nova Scotia Light & Power Co. (quar.)
—
3- 4
—
——-!
_
York
Northwestern
60c
$1.30
50c
Class B (quar,)
25c
57c preferred (quar.)
——,-V.. $1.25
Locke Steel Chain, common (quar.)
30c
77: Extra
;;—.——
■
10c
Loew's Inc.- (quar.)
—
^-#7' 50c
'Loew's (MarcusV Theatres, 77o pfd. (quar.)
$$1.75
3-18
•Delta
3-11
3-25
...
3-20
(quar.)—
preferred (quar.)
-Lincoln Tel. & Tel. (Del.), class A (quar.) i.
••
Davenport
3-15
1
Mining—
3-20
5.2%
3-15
$1.50
—
Co.
$6
Rosario
1
Lexington Telephone Co., common
•
3-20
3-15
__
preferred (quar.).—.
Daniels '& Fisher
1
4- 1
1
—
20c
-
(quar.)——
Ltd.
New
1
—_
1
$2
(irregular)
common
h
$2
(quar.)—————
-
4-
4-
3-15
1
15c
Telephone-,
40c
$1.75
4-
3-15
4-
.
Baking, 8%
Interim
Honduras
Noblitt-Sparks
1
Kansas Gas & Electric, 7%
3-11
4-
—
(Toronto)
1
$1.75
f
30c
Cuban
3-22
(quar.)_
North Shore Gas Co.__.__.
1
4-
■
$1.50
——
(quar.).
County Trust Co. of White Plains
Cream of Wheat Corp.—;
■
3-22
3-31
tquar.)____
pfd.
3-20
4-1
$1.37 Vs
&
7%
3-31
4-
3-15
,
/c
.Kansas
,3=4^—2«29
158
Invest.
Crown Cork & Seal,
3-31
York
Water Co.,
3-20
Lambert
3-30
;^vioc
Continental Bank & Trust Co. (N. Y.)
,
3-27
50c
(quar.)......________
3-31
3-15
3-31
.—
Machine
Jersey
8
3-20
4-
3-15
4-15
Retail Stores Inc., com. (irreg.)
prior preference
3-21
3-31
•
New
4-1
1
$5c *.
Consolidated
$3
2-28
4-
15c
37V2c
Co.: (irregular)
Hampshire Fire Insurance Co.
3-18
v
•4-
4-
—_
Trust (Boston)
(quar.)
Joplin Water Works Co., 6% pfd.
W Battery Co. (quar.)——
3-15
...——*
Britain
&
New
3-18
3-28
20c
Gas, common
preferred
Jefferson
3-15
75C
Consolidated
Cooper-Bessemer
3- 1
30c
65c
Baker
New
3-15
3-17
;
3-28
3-31
1
1
—
Qo. (Calif.)—
K
3-15
44-
.
1
3-28
Power Co., 5% pfd. (quar.)
$1.25
preferred (quar.)
$1.75
(quar.)..-.———$L50
Kansas-Nebraska Natural Gas, com. (quar.)
10c
$6 preferred (quar.)...^-*-^.————. ,7 $1.25
Kaynee Co., 7% preferred (quav.)to—.———_
$1.75
Kirseh Ga.,- $1;S0-preferred" (quSTTTir..——
37^c
Kittanning Telephone
J—:
40c
Knapp-Monarch Co., $2Vi preferred (quar.)
67!/2c
$2.70 (quar.)
:
67y2c.
Kresge Department Stores, 47c pfd. (quar.)_
$1
La Crosse Telephone Corp., common
20c
6% preferred (quar.).———
$1.50
Lago Petroleum Corp. (quar.).—.
$2
1
25c
75c
$7 .preferred
(quar,)
—
Connecticut Fire Insurance (Hartford)—
Continental
25c
New
4- I
$1.05
—
4-11
4-
.
Shearing & Stamping Co. (quar.)
Life
Insurance
Co.
(Louis-
preferred
3-20
3-15
1
3-
8%c
preferred (accum.):
7c/o 1st preferred (quar.)—
Interstate Department Stores
Interstate Telephone, $6 preferred (quar.)—
3-16
,4-
$1.50
r.——i.
Commonwealth Water & Light Co.—
$6 preferred
(quar.)
8ch
3-25
3-20
1
Nelson
3-13
lc
preferred (quar.).—.
preferred ($5 par) (quar.)
77c
1
$1.75
Ky )
Consumers Gas
1
50c
Corp.
International
2-24
$5.55
——
(quar.).
Commonwealth Water Co., 5V2% pfd. (quar.)
J
4-
3-30
3-11
3-15
7 $1.50
'
1st preferred (irregular).
■Inspiration Consolidated copper———
3-15
_____
common.
(quar.).
preferred (quar.) —
—-—
preferred (quar.)—————
77c
3-30
•
7 $
4-15
'7.
$1.75
12VaC
—
Quarterly
3-20
4-
25c
''C
60c conv.
Commonwealth
Ville,.
3-20
25c
25c
„J_...
(quar.)
—
Oil Field
Industrial
3-11
.
3-31
20c
——
Commercial Alcohols Ltd.——:
Commercial
4*
30c
•_i_J
_j
Co.,
?
3
1
3-31
50c
...
3-20
International Nickel Co. of Canada—
___■
participating preferred (quar.)
Participating
4-
4-
50c
Co.
43%c
Corp.
preferred
6%
3-20
62 V2C
(quar.)—————————
Baking
4-15
.
—_
6 % pfd. (quar.)
International
.Columbia
3-15
50c
Products
15c
(increased quar.)
.
3-15
50c
(quar.)—
preferred B
4-29
3-31
30c
1
4-1
15c
.
Telephone Co.—
$6 preferred (quar.)
Imperial. Tobacco Co. of Gt. Britain & Ireland
Amer. deposit rets, for ordinary regis
Independent Pneumatic TooIjj
Indiana General Service Co., 6% pfd. (quar.)
Indiana & Michigan Electric CO.—
"
3-17
3-25
4-
r
$1.75
Corp..!
Colgate-Palmolive-Peet
(quar.).
Colonial Ice, $7 preferred (quar.)
$6
3-11
5-15
Co......
Manufacturing Co. (irreg.)
Naval Stores Investment (quar.)...j_______
Navarro Oil Co.
(irregular)
Illinois Commercial
3-14
$1
& Lambert Co. (irregular)—...
Clinton Water Works, 7% preferred (quar.)
Coca-Cola
1
12M2C
Screw &
Nicholson
—
3-31
Clayton
Coca-Cola Co.
3-11
4-
....
Oil
$1.25
Huron & Erie Mortgage (quar.)
3-14
,
(quar.)
Citizens Wholesale Supply Co.,
67c
3-15
1
3-31
12 V2c
prior preferred (quar.).
preferred (quar.)
City Ice & Fuel
(s-a)__
National
$1.25
...
(quar.
preferred
$1.50
1
75c
Co
preferred
preferred
National
30c
(quar;)....
& Tel. Co.. (Fort Wayne)
Hummel-Ross
3-14
i. 15c
Cincinnati & Suburban Bell Telephone (quar.)
Citizens Water Co. (Washington, Pa'.)—
7%
3-11
$1.75
(quar.)
com.
3-20
15c
(N. Y.)
ccmmon..
& Co.,-com.
Natural
Houston
3-14
'
3-13
50c'
.
3-20
.-j
1
4-
$1.50
———-—
conv.
conv.
Department Stores,
3-17
4-
$4.25 preferred < (initial)54c
6% preferred (quar.)——$1.50
.
4-1
_
$3
3-22
4-1
$1.75
3-20
Hooker Electrochemical Co.—
-
$$2
.
(quar.)
Chicago Daily News, 5% preferred (quar.)—
Chicago Pneumatic Tool Co., common
$2'/a
3
4- 1
$1.75
(quar.)
1
25c
preferred.———
Oil
Honolulu
5%
(irreg. )_
Co.
3-15
1
4-
Home Tel.
9
3-15
^___—
& Trust
3-
Quarterly
•
3-21"
^
4-1
Chemical Bank & Trust
C :
3-13
4-
50c
National
65c
Co.—
A.)
Home Fire Si Marine Insurance
$5c
j————
(quar.)—
Electric
3-15
g
60C
series I preferred—..J.——
Motors
Houston
.
Hanover Bank
Century
3-27
50c
Co., common
Enameling 81 Stamping
National Folding Box Co....^
Tru,st—
Holophane Co., common (irregular).—_____
$2.10 preferred
j.
!
3-21"
1
Investment
(D. H.) Co. (quar.)
3-15
preferred (quar.)
Electric & Telephone, com.
Central
3-16
4-
$5c v
*
...
(quar.)
General
&
Holmes
4-1
Cos.
Power & Light, 67c
Carriers
44c
$1.18'J4
Extra
.....
preferred
$15c
i
—
Corporation
Carpel
3-24
....
4-
(accum.)V. 55c
Highway Safety Appliance, class A
Holly Development Co. (quar.)
3-16
3-15
,$25c
•
(quar.)
&
—
4-
.
,75c W
$i2v2c;'v
(quar.)„
common
preferred
preferred
^
4-1
31V4C
(quar.)_____
——
;
(irregular).;
4-
$1.50
Hercules Powder —:
3-16
3-31
$1.75
Ltd., 8% preferred (quar.)
Canadian Wirebound Boxes, cl. A (accum. i_
Cannon Mills Co. (quar.)—
Carolina
4- 1
...
Trust (SlVz pfd.
Fire-insurance
Hercules
j
Participating
Canadian
>
$1.75
...
4-1
$0.002444
(accum.)——.—
Rail Shares
prior
77?
3-15
j
$15C
preferred (quar.)„——
'
shares
preferred
6%
4
Public Utilities Investment Trust—
Heller (W. E.)
3-15
$1.25
(quar.
7%
Participating
2nd part,
0} Reo.
Colombia—
4-1
Hawley Pulp & Paper Co., $6 2nd pfd. (quar.)
$1.50
$7 1st preferred (quar.)— _.—$1.75
3-20
preferred series B (quar.)
Canners,
(quar.)
of
Casket
National
Water System Inc.—
(M.
5 %
$$1.50
:
Canadian
1
4-
.....
3-31
————_
(initial series)
non-conv.
4-
(quar.)
5%
preferred (quar.)
5 % preferred, 2nd issue (quar.)
Hatfield-Campbell Creek Coal Co.—
25c
.
Calaveras Cement,
25c
12c
3iy4c
Hanover
50c
(irreg.)_
;
common
Building Products Ltd.
Butler (P. H.) Co.—
i: 5%
——
Harnischfeger Corp.,
$1.37 Va
-(quar.ii._j———:
common
(quar.)
(quar.)———_i.__.__:
preferred
2-29
(quar.)
preferred
Hanna
3-20
5preferred (quar.)'
(E. L.) Co., common (quar.)
;
7%
3-15
3-
Non-eum.
3-20
4-15
(quar.)——————————
preferred
L—20c
$7
3-18
t
3-15
v
40c
Bruce
3V2%
National
3-17
Guardian
$32 Vac
(quar.)—
Co.,
4-1
Preferred
2-15
$20c
common..—————
*
3-15
3-1
•
Durrell
6
3-24
Guardian
3-21
: O
(quar.)———i——
preferred
Brown
3-18
3-
4- 1
Guardian Invest.
British Columbia Electric Power & Gas Co.~—
6%.
4-1
American
Holder $
Payable
,
Murphy (G, C.) Co., 4%% pfd. (quar.)
National Candy Co., common (quar.)-'.
,7% 1st preferred (quar,)_^.__
7% 2nd preferred (quar.)__„
3-21
—$1.75
Participating
6%
3-10
3-30
2V2C
;
—
Manufacturing Co.
Manufacturing Co.,
Class
3-31
3-14,
preferred
Mortgage Bank
3-17
35c
Greenwich
3-16"
1
-V; 4- 1
2V2C
j.....
(quar.)————_____
Co.,
3-20
1
2M2C
preferred
$1V4
3-20
25c
——
Brass
3-20
1
Co., common (irregular).—.
partic.-preferred (quar.)..—...
5%
3-20
v
25c
—________
Extra
Bridgeport
4-
35c
Brantford Cordage Co., Ltd., $1.30 pfd. (quar.):-
Briggs
1
1
:
,
•_
Borg-Warner Corp.
Mines, Ltd.
Brillo
44-
20c
(quar.)
r
3-20
37 Vac
(quar.)J,
pfd.
(N. Y.).(quar.)_
(quar.)L'-.j.
Co.
1
4-
$1
Greenwich Gas
-3-20
1
&
Bralorne
'
4-
75c
(irregular)________—
Mfg.;
Hardware
4-
$1.12Va
—...I".
—
Grand Valley Brewing Co...
Grant (W. T.) Co., common
3-16
-
$1.50
(quar.)
Bank of the Manhattan Co.
Bellknap
4-
10c
7%
When
thare
.
Cafeterias Consolidated—
'
& Sons Co.,
Bankers Trust Co.
3-31
$1.25
preferred
preferred, class A (quar.)—————preferred, class A (accum.)..;
Avery
4-15
(quart25c
preferred (quar.)___1
Gordon Oil, Class B (quar.)
r
40c
(quar.)
6 7o
Co.
•$7
.
.
quarterly)
Machine
5-
67c
pfd. (quar.).
3-31
1
Morrison
'
$1.75 -
.
Rubber, 4%%
Godchaux Sugars, Class A (quar.)
3-31
$1.25
•
preferred
Tire &
Gisholt
(quar.)
Arkansas Power & Light,
$7
1.
1
——
4-15
$1.50
Baking Co,
General Paint Corp., $2.67 preferred (quar.)
General Printing Ink., common
$6 preferred
(quar,).
;
3-31
10c
.
4-15
15c
—
—
3-15
25c
(quar.)
Co.
—
Per
Name of Company
of kee.
Payable
50c
...—.
4-1-
•
<
,50c
(liquidation)——_____
Mfg.
preferred
$1.50
(quar.)___.;
American
,Short
A—_—,—..—...
General
1
•
American
Class ;B
3-17
1
class
Fyr-Fytor,
Holder 1
When
rer
of Company
t,*me
1075
common
vtc
Ltd. (quar.)
Ward
Baking Co., $7 preferred (accum.)
Wellington Fund, Inc. (irregular)
Western Grocers Ltd., common (quar.)
Extra
77o preferred (quar.)
30c
$1.18%
$1.50
25c
$1
4-10
3-18
4-14
3-20
$6
3-14
3-11
$$1
4- 1
3-20
62V2c
4- 1
3-15
10c
4- 1
3-ljjv
75c
4- 1
3-20
18c
3-15
/75c
3-31
4-15
$$2
4-15
3-15
/$1.75
4-15
3-15
3-15
Monday, March 13, 1944
COMMERCIAL & FINANCIAL CHRONICLE
THE
"
Payable
share
Name of Company
(monthly)
"Westgate Greenland Oil Co.
>>
——
Holder*
oj Rec.
4- 1
4-15
5- 1
3-27
5c
3-15
—
$1.75
(resumed)—.
25c
6c
4- 1
^-24
3-15
.wo
3-14
wa„
Co.
Iron
Woodward
(quar.)
preferred
7%
Co.,
Wisconsin
— •
.————
Gold Corp.
Yukon Consolidated
0- 0
6% preferred A (quar.) _—
Aroostook Railroad Co.—1
5% preferred (accum.) dividend No. 23—
5% preferred (accum.) dividend No. 24
Bangor Hydro Electric, 6% pfd. (quar.).—
7% 1st preferred (quar.).——__—1—
dividends announced in previou*
and not yet paid. The list does not include divi¬
announced this week, these being given in the
Below
weeks
dends
give the
we
(quar.)
Common
6%* preferred
Barber-Ellis
preceding table.
:<
Investing Corp.—
National
Banker's
%
Per
Name of Company
—
Laboratories,
Abbott
Extra
4- 1
4- 2
common
3-30
3- «
3-30
3— o
■
(quar.)—..—$1 f 4-15 $5.4-1
(quar.)—
—
20c
3-30
3-15
Addressograph-Multigraph Corp.
—
25c
4-10 t; 3-33
Advance Aluminum Castings
12Vac
3-18
3- »
Aero Supply Mfg. Co., class A (quar.)——
37%c
4-1
3-17
Aetna Ball Bearing Mfg
——
v! 35c
3-15
3- 3
Aetna Casualty & Surety (quar.)——
4-1
3-4
Aetna Life Insurance
(quar.)-.—
—30c
4- 1
3- a
preferred
4%
4- 1
4- 1
Agnew-Surpass Shoe Stores, 7% pfd. (quar.«)
t$1.75
Agricultural Insurance
(quar.)—
—75c
Power Co., $5 preferred (quar.)—.
$1.25
$6 preferred
(quar.)
«—
$1.50
$7 preferred (quar.)—.
:
—
$1.75
Alabama & Vicksburg Ry. (s-a)———$3
Albert Frank-Guenther Law, class A (irreg.)
15c
Class
(Irregular)
B
.
4- 1
4- 1
3-iu
3-10
3- 8
3-15
3-15
3-15
3-1
3-10
3-10
3-15
3- 9
3- 9
Berghoff Brewing
preferred (accum.)—
Alexander &.Baldwin, Ltd. (irreg.)—
$1.50
Allegheny Ludlum Steel———
—
35c
Allied Chemical & Dye (quar.)
—
$1.50
Allied Laboratories (irreg.) ——25c
Allied Products Corp. (quar.)
—
50c
non-cumulative
6%
Class
p>.
(quar.)
A
Stores,
Allied
preferred
Allis-Chalmers Mfg.
—
>
Alpha Portland Cement.:——
.—
Aluminum Co. of America, 6% pfd. (quar.)
Aluminum Co. of Canada, 5% pfd. (quar.)„
5%
3-15
3-31
3-20
4- 1
4-1
4- 1
4-20
43%c
25c
$1.25
:
——
(quar.)——
(quar.)..——aa^—
common
.
Aluminum
Bohn
Boston
& Albany RR.
Boston
Elevator Railway
American
Bank
6%
3-20
class A
Note,
72c
20c
—
common.———
preferred (quar.)
7%
3-27
4- 1
3- 9*
4- 1
3-15
$1.25
$1
3- 9*
3-16*
4- 1
$1.75
50c
3-15
3-15
preferred (quar,)—
Co., Inc., common.
5% preferred (quar.)..;
_
—
_
American Chicle (quar.).
;
American Cigarette & Cigar, common.
_
6% preferred (quar.)
3i' 1
3-15
3-31
4- 1
15c Y-i 3-15
15c
4- 1
15c
4- 1
12V2C
4- 1
$1.75
6- 1
$1.75
9- 1
$1:7512- 1
50c
3-13
30c
3-15
$1.50
4- 1
r
class A
American
Colortype
American
Class
Cyanamid, class A (quar.)
B
(quar.)
5% preferred
7%
—_
.
(quar.).
Envelope, 7%
American
(quar.)—..
pfd. A
(quar.)
preferred
preferred
American
Export
Lines.
American
Factors,
Ltd.
American
Felt
6%
Co.,
...
(irreg.)...pfd. (quar.)
—
■
American
Gas
&
preferred
Quarterly
&
Hard
American
7%
$1.75
25c
—75c
(quar.)
$6 2nd preferred (quar.)
Rubber,
4- 1
3-14
75c
3-31
(quar.)
preferred
20c
4- 1
—
American
Hide &
American
Home
_
Steamship
American-Hawaiian
pfd. (quar.).
Leather, 6%
(Newark, N. J.)
Extra
...
American Locomotive,
5%
preferred (quar.)
——
(bi-monthly)
American Paper Goods Co.. 7% pfd. (quar.)
American Public Service, 7%
pfd. (accum.)
American
Co.
News
Radiator
American
4(4%
preferred
American
$3
Service
6%
American
Steel
Insur.
States
American
Stores
American
American Telephone &
American
Tobacco
American
Type
2-24
3-15
3- 4
3-15
3- 3
3-20
2-29
Co..
2-23
4- 3
3-
3-13
3-1
$2,25
4-15
3-15
$1.50
4- 1
3-10
50c
3-14
3- 4
6*
3-13
Extra
Canadian
3- 7
3-
25c
4- 1
3-20
$1.75
$1.50
(111.), $6 prior pfd. (accum.).
4% conv. pfd. (quar.).
Art
Metal
Asbestos,
Works
(quar.)
$1
12(4c
15c
.
;
7
4-1
3-20
4- 1
3-15
3-10
3- 1
3-20
3- 6
3-22
3-15
(quar.)—
$20c
—
3-31
3-
1
$10c
Ltd.
Extra
3-31
3-
1
3-20
3-10
6%
_a
4
Canadian
Class
B
5%
Oil & Refining
(quar.)—
preferred (quar.)——
Associated Breweries of Canada
lOc
(quar.)
«.
3-25
$1,25
.....
3-15
$25c
3-31
3-13
.
3-14
2-29
4%
Refining
Co.,
common.
25c
preferred A (quar.) ———————$1
3-15
5. 1
Carolina Tel & Tel
4- 5
(J. I.) Co., 7%
(quar.)
2-25
3-15
4-1
3-15
1
4-
4
3
3-13
3-
3-13
3- 3
3-31
3-17
10c
$1.50
$1.25
$1.25
tlOc
3-17
3-31
3-29
3-15
3-25
3-15
4-1
75c
50c
$1.75
34(4c
$25c
3-24
2-25
3-15
6-1
5-15
12-1
11-2
3-
3-31
7
3
3-11
5-15
■
4-20
4-
4.20
5.15
4-20
5-15
4-15
3-31
>
3-10
3-31
3-10
3-31
3-15
3-22
common v.t.c
15c
(quar.)-a--a-_.__._
62(4c
(Toronto)—
■>
3-15
2-29
3-15
2-29
3-31
i$1.50
preferred
6-30
$$1.50
$$1.50
9-30
9-25
12-31
12-25
60c
5cs
•:
Bakeries of Canada
Cigar
Consolidated
Edison
$2
Film
preferred
1
3-10
Consolidated
2-25
Common
3-20
3-
3-31
3-15
3-31
3-15
\t:
(irreg.)
(quar.)
Corp..
(N.
Y.),
$5 pfd. (quar.)
3-15
3-
4-
1
Elec.
3-15
2-29
4-25
3-20
$$1
4-
1
3-
4-
1
3-15
4-
1
.
3-1
1
1
1
4-
1
Laundries,
$7.50
3-15
$1.87(4
25c
5-
1
4-15
4-
1
3-15
43%c
4-
1
pfd.
(quar.)_
iquar.)
(quar.)__
3-31
3-13
3-31
3-13
3-31
3-13
4-29
3-15
4-29
3-15
Crosley
4-
1
3-
3
Crowell-Collier
4-
1
3-
3
Crown
$2.25
3-
1
Crown
4-
1
3-
1
Crown
4-
1
3-15
4-29
3-31
$$1.25
$$1.75
$50c
$37(4c
$50c
$1.50
4-29
3-31
4-15
3-15
1
1
3-
1
4-
4-
1
3-15
3-31
3-20
50c
15c
$1.25
$1.50
;
-
4-
$2
————
preferred (quar.)—.—
7%
4- 1
—_
$1.75
50c
1
3-15
3-31
3-15
3-31
3-15
3-31
3-15
4-
1
3-24
,4-1
$ 3-11
3-15
.
3-15
3-15
3-10
3-25
4-
3-11
:
1
3-
3-15
1
3-15
2-29
4-
1
3-10
4-
1
3-10
3-10
3-15
Telephone—
participating preferred (quar.)
6(4 % preferred (quar.)
—_______
Cottrell (C. B.) & Sons, 6%' pfd. (quar.)__.
Courtaulds, Ltd. (ordinary)
(final)—
Crane Co., common (quar.)
5%
preferred (quar.)—
—
Creameries Co. of America—,——_—
3-
4
4-
Continental
3-31
3-31
4-
3-21
12-31
3-15
1
25c
—
4-11
3-15
3-1
'"5-
(Bait.)—
Continental
Continental
3-13
3-10
3-23
4-1
3-10
(initial)15c.
Assurance Co. (Chicago)
(quar.)
50c
Can Co,
(interim)
; 25c
Diamond Fibre
20c
Oil (Del.)
(increase).,..
—„
30c
Steel Corp.—
25c
Contieiental
3-31
3-15
3- 4
-
2-
Continental Air Lines
2-29
———
$20c
10c
50c
$1.25
1
Co.,
3-15
(quar.)—■— _
1
4-
Coal, $2.50 conv. pfd. (quar.)_
62(4c
$3 preferred (accum.).
$1
Consumers Gas (Reading. Pa.)_
—25c
Consumers Power, $5 preferred
(quar.)
;
$1.25
$4.50
preferred
(quar.)
$1.12(4
$$1
$$2
$$2
$$1.25
.
4-
Consolidation
Consumers
Continental
—
55c
3" 1,
-—DOc
$1.12(4
-—$1
—
preferred
Continental
——
1
1
Consolidated Water Power & Paper
3-20
4-
;
4-
Lt. & Pwr.
4(4% preferred B (quar.)
4% preferred C (quar.)
$1.75
3-15
3-15
(accum.)_
Gas
6-25
Industries—
(quar.)
Consolidated
3-15
1
25c
(quar.) _________—40c
3-20
1
(irreg.)__
com.
Biscuit
Co.
3-25
;?■
75c
$75c
$$1.50
$$1.50
—
Case
2-25
3-15
4-5
Consolidated
2-29
(quar.)—
preferred
2-21
3-
3-15
3-31
Consolidated
2-29
—-—
preferred (quar.)—
3-14
6
$1.25
$$1.75
$53c
$$1
$75c
—
(quar.)
Canadian Pacific Ry. (resumed)
Canadian Silk Products, class A (quar.)—
Canadian Westinghouse Ltd.
(quar.)..._—
Canfield Oil, 6% preferred. (quar.)
6%
Atlantic
3-15
$1.25
$25c
$25c
.
Capital Transit Co.
Carey (Philip) Mfg., common
5% preferred (quar.)— 1—!
4-25
3-10*
3-15*
3-15
8%
7%
1
3-31
3-14
3-1
1
3-15
4-15
$52c
——
(irregular)
:—
preferred (quar.) ...
Canadian General Electric, Ltd. (quar.)
Canadian Industries, Ltd., class A
3-
5-
1
Light & Power,
3-15
^
Ashland
4-
Connecticut
$85c
(quar.)
Common
3-14
4-
(reduced)
(irreg.)
:
$1.62(4
(quar.)
—
Foreign Investment Corp.—
3-1
1
preferred (quar.)_____
$3
Ltd.—
preferred
3-15
12-
4-
Quarterly
a——_a___
Quarterly
;i»_
__a.______.___
Congoleum-Nairn Inc. (quar.)_^
Connecticut Gas & Coke Securities—•
$$1
$25c
class A (quar.).—.—
Cottons Ltd., common
11-15
$1.06(4
Investment
Quarterly
$$2
(quar.)
8-15
9-1
1
75c
(quar.)
common
Consolidated Steel Corp., common.——,
———$50c
;———
Co.,
(quar.).
(quar.)
Consolidated
——
rights
Canadian Converters
3-15
3-24
3-11
.
Founders
7- 6
7- 6
3-27
3-1
4-15
50c
$1.31(4
25c
(quar.).
—
common.—
preferred
8%
6-15
.
$1.25
30c
(interim)..;
•
Elec., 5% pfd. (quar.)
Quarterly
3-15
$$1.75
participating preferred
4- 1
3-30
Arnold Constable Corp....
7%
3-15
■,
—$$1.50
$2.50»conv.
$5c
(quar.)
Breweries,
2-28
1
50c
common
Machinery,
Compo Shoe
$1.75
——
Extra
75c
$2.25
prior preferred (quar.)
3-10
3-15
partic. preferred (quar.)..———
Canadian
Celanese, common
(quar.)——
—12(4c
25c
Armour & Co.
3-20
3-12
6-1
$1.12(4
Commonwealth Loan, 5% preferred (quar.).
Commonwealth & Southern Corp., $6 pfd.-_
1
7%
3- 7
Armstrong Cork Co.,
3-14
4-
$3.40 convertible preferred (quar.).
Car & Foundries Co., Ltd.—
3-17
10c
7%
3-29
Canadian
$2
__,
3-11
3-27
3-10
(interim)—
Participating
common
1
3-31
1
(quar.)
preferred
3-20
1
75c
$1.25
50c
Commercial lnvestm't Trust Corp.
Commonwealth
4-
$37(4c
6% preferred—.$$3
Malting Ltd. (quar,).—
—
$50c
Northern Power, Ltd., com. (quar.).
$15c
6(4%
2-28
4-
$25c
preferred
' $15c
$$1.25
Canadian
3-15
50c
...
(s-a)
Credit
4(4%
3- 4
& Motor, Ltd., com. (quar.)—
5% sf 1st preference (quar.)
—
Canada Foundries & Forgings, Ltd.—
2-29
Co.
Commercial
1
3-10
Canada Cycle
Ltd.
3-12
3-20
30c
(quar.)
(quar.)
Alcohols,
4-
Packers,
9-14
3-20
35c
15c
$1.75
(quar.)
Commercial
3-10
preferred
10-14
$1%
$1(4
preferred series A (quar.)
preferred (quar.)...
1
7%
6-14
$22
5,% : preference (quar.)
4-
3-15
50c
Inc..
6%
5%
■■
Campbell Wyant & Cannon Foundry..
25c
Canada Bread, 5% preferred (quar.)——$62(4c
6% preferred (quar.)..
$$1.50
Canada Cement Co., Ltd., 6(4 % pfd. (accum.)
$$1.25
Canada Crushed Stone, Ltd. (quar.)
$10c
(quar.)
Canada Iron Foundries,
6
7-14
t
Common
A
6
3-
3-14
3-20
$1.06(4
Consolidated
Class
3-
4-14
Columbia Gas & Electric Coip.,
1
3-
2-25
3-20
*
Colgate-Palmolive-Peet Co., $4.25 pfd. (quar.)
3- 1
B
25c
Plow
3-14
3-15
Copper
3- 1
3-15
25c
2(4c
15c
Semi-annual
20c
4- 1
(s-aj...
6
Cockshutt
Consolidated Copper.——
Hecla
30c
(irregular)
3- 1
3-11
(quar.50c
(accum.)—
3-1
3-22
&
(quar.).
preferred
Coast Counties Gas &
4- 6
4- 6
2-28
Class
$1.75
preferred
3-15
3-18
4- 1
7%
3-10
3-15
20c
(not 25p)_
50c regular and 50c extra
3-31
$1.50
3-7
1
—
Utilities,
Canada Wire & Cable,
—
1
1
3-31
4-
25c
^
Extra
$1.50
75c
5(4% pfd. (quar.)
5% pfd. (initial)
Calif.-Western States Life Insurance (correc¬
tion)
3-17
(irreg.)
Cluett Peabody & Co.,
3-25
Electric Power,
Pacific
Stamping
Auto
Clorox Chemical
4-
7% pfd. (accum.)—
preferred (quar.)..———
3-9
Inc.———
3-28
$15c
Bldgs.,
(interim)
3-31
Confederation Life Assurance
(quar.)—
4-1
Mining—
Apex Electric Manufacturing, common..
Metal,
Terminal
preferred
$1.50
12(4c
Copper Mining Co
Andes
Co.,
Canada Permanent Mortgage (quar.)
Canada Steamship Lines——
6-24
6-24
3-10
Anaconda
6%
Terminal
Canada
Telegraph Co. (quar.)
6% pfd, (quar.)
Amoskeag Co., common
$4(4 preferred (s-a)
Ampco
Ring
3-9
(quar.)
;
American Woolen, 7%
preferred
Wringer
Piston
6-1
preferred
American
—a——.—.
(quar.)
(quar.).
6-1
Founders,
2-29
4-
Co.
4-1
1
3-15
4-1
3-11
7-1
4-
2-29
1
4-15
Water Works & Electric—
American
$6
3-15
25c
3-"i
4-
Canada
(quar.)—
3-15
3-15
3-20
Canada
__L
1
2-18
7-1
pfd.
3-16
1
2-15
3-15
Co.
4-20
3-15
—-a.
8
3-21
4-
25c
57c preferred (quar.)...
Cleveland Electric Illuminating, common
$4.50 preferred (quar.)a
Cleveland Graphite Bronze Co. (interim)
5%
preferred (quar.)__
Climax Molybdenum (quar.)
4-20
5-20
3-31
3-15
15c
$1.75
50c
50c
10c
3
3-
Clark Equipment Co., common
5-20
4-
3-
1
3-31
Clark Controller Co.au,a_______„______
25c
common
(quar.)
3-31
$1
$1(4
3-15
4-
3- 3
4-
3-24
4-
3-31
3-14
1
.
:i- 3- 6
$1.25
3-31
—————
"""
,
3-21
3-15
Texas Pacific Ry.—
City Ice & Fuel, common__.__.____
2-15
20c
American Sugar Refining, 7%
American
Sumatra
Tobacco
Cincinnati Street Ry.
3-17
2-25
(quar.).
3-20
3-15
1
3-31
5% preferred (quar.)_______
5% preferred (quar.)
1
"—
(reduced)
2-29
4-
$1.75
75c
City Baking Co., 7%
6d
3-20
a
City
lOd
2(4%
2-29
preferred (quar.)
5%
1
4-
2-29
3-20
(quar.)...
pfd,
5%
St
3-10
4-
3-3
3-15
...
2-29
4-
3-31
,
Elec.,
3-31
4-
3-20
$1
$1.75
(quar.)
&
4-1
4-
3-10
3-10
3-31
(irreg.)
common
Cincinnati New Orl.
3-15
Watch
Gas
Cincinnati
$1.25
$10c
4
27 82/100c
(Indianap.)
Foundries
1
3-15
Securities,
7%
preferred
Chrysler Corp,
2-29
3-15
preferred (quar.
Stamping (irreg.)
3-15
3-31
3-31
American
3-29
3-15
20c
(initial).
common
1
1
3-10
4-1
■
preferred (quar.)
Christiana
4-15
10c
Co.
Snuff
3-15
4-
4-
6%
3-25
3-15
3-31
1
1
common.
3-11
75c
$$1.50
$25c
'
60c
Co.,
(participating)
preferred
American
4- 1
Sanitary-
(quar.).
3-31
$750
$40c
Calumet
$1.75
common——.
3-20
3-31
3-10
4-
4-
62(4c
15c
30c
15c
a
3-10
—;—
class A
California
4- 1
.
3-13
3-20
__
Columbia Power,
California
$1.75
—.—_______
Rolling Mill Co.,
3-17
3-17*
3-17*
3-14
3-13
3-13
4- 1
3-30
—
———_
Calgary & Edmonton Corp., Ltd.
California Ink Co.
(quar.)—
3-1
.
Quarterly ■
Quarterly
Chiksan Tool,
1
35c
$1.75
75c
$$1.50
Assurance Co.
Butler Water. 7%
4-1
25c
4-10
3-31
1
$1
25c
750
...
1
$10c
preferred (s-a)
$1.12(4
1—
Common
American
Standard
&
Corp;l.i—
American
Bush
30c
___;
Meter Co.
American
Bristol Brass
Bush
25c
,
American Manufacturing
3-16
3-31
4-
;■
3-20
(stock dividend)—one share
of Burgess-Manning Co. for each 20 shs.
of Burgess Battery Co. held
Burlington Steel, Ltd. (quar.)
50c
American Machine :&
3- 1
3-31
Burgess Battery
3-17
4-1
2-25
3-15
vj 3-10
(quar.)
___—.a.......
Chicago Rivet & Machine (irreg.).
;
Chicago Towel Co., cpmmpn (quar.).—
$7 preferred
(quar.).T...
...
Chickasha Cotton Oil (quar.)
3-18
1
2-21
1
$1.50
$1.50
50c
5c
•
3-20
——
—
Bridgeport Gas Light
_———:
Bridgeport Oil, 7 % preferred—..—
Briggs & Stratton Corp. (quar.).—
Bright (T. G.) & Co., 6% pfd. (quar.)
Burd
4-1
$1.75
preferred (quar.)
Metals——
Co., common..
7%
;
Bulova
3-14*
3- 1
25c
__
1
4-
;
4-
$$1.50
$50c
(quar.)
& Distillers of Vancouver, Ltd..
preferred
6%
Bullard Co.
$1.25
(irregular)
common
Class A (accum.)
Corp.,
4-
2-21
4-
$1.75
50c
37(4 c
$1(4
Bucyrus-Erie
common
(irreg.)
7%- preferred
(quar.).
5c
(s-a)..
3-1
3-3
r
:
—
$1.25
Buckeye-Pipe LlneA—a——a—20c
25c
(monthly)
Products
American Insurance
25c
...
(quar.).
Brandon
$5 preferred
3-21
—.
common..
American Hardware Co.
$1.50
$1.50
-
3-15
3-15
4-
3-20
27c
(irregular)
common
Master Mfg..-
Chicago Great Western Ry, Co.—
5%
preferred (accum.)
Chicago Mail Order Co.«.
Chicago Mill & Lumber Co
4-14
1
3-21
1
4-
3-15
(quar.)
Chesapeake & Ohio Ry. (quar.)
Chicago Flexible Shaft..
.__.__.__a_.au.
3-15
Brazilian Traction Light & Power—
Brunswick-Balke-Collender Co.,
3-18
3- 4
:—
3-31
Extra
;;
3-10
3-15
5-
6
3-
4- X
3-15
Service............
preferred (accum.)
Chesbrough Mfg.
1
3-
Mines
Public
Charleston Transit,
Chefford
3-23
«.
Gold
Patricia
ZVAc
:
(E. G.) & Sons
$5 preferred (quar.)—
Bruck Silk Mills, Ltd. (interim)
3-10
3-20
3-20
3-20
' '■
4- 1
4- 1
4- 1
3-31
3-31
Felt, common
1st preferred
6%
3-15
25c
12(40
1
Hair
American
2-29
Brown-Forman Distillers Corp.—
3- 4
3-15
2-16
4-1.3- 8
40c
$1.18%
Electric, common (quar.) (quar.)...—.........
American General Insurance (Houston, Texas)
4% %
$1.25 preferred
Roller Bearing
Brach
British
3-15
25c
Fork & Hoe
American
(quar.)
British Columbia Backers,
B
1
3-31
75c
$2
$1.25
12(40
(accum.)
(irregular)
Bower
5%
div. series) of 1936—•
or 38%c. in cash..
(opt.
share of class
Co., $3 preferred
Ordinary shares (final)
Ordinary shares (interim)
American Cities Power & Light Corp.—
3l2
4-
3-31
3-11
15c
$3c
r.
preferred (accum.)
Champion Paper & Fibre, 6% pfd. (quar.)..
2-29
3-15
(quar.)
(quar.)„__
$7 prior lien
$6 prior lien
3-10
1
4-15
1
3-16
Central & South West Utilities Co.—
3-6
44-
75c
•
...
(s-a)
British-American Oil Ltd. (quar.)..
British-American Tobacco-
3-11
3- 1
3-11
> 3-11
3-11
5-25
8-25
11-25
3-1
3- 4
3-15
,
$1.50
3-15
4-
3-11
4-
$1.75
$1.50
$1.50
62 (4c
preferred (quar.).
(quar.)
Central Vermont
.
class A (initial)
(quar.)
British
3- 1
3-1
3- 3
3-15
$1.25
.
(quar.)
Botany Worsted Mills,
Brewers
3- 1
————75c
American Chain & Cable
$2.75
(F. E.)
Extra
American Can Co.,
.
3-10
4-5
3-17*
2-29
3-18
3-17
4- 4
3-20
Automobile Insur. Co. (St. Louis)—
Bakeries,
3-15
4-
75c
$1.75
$1.50
40c
pfd.—_ (quar.)^
preferred
preferred
$6 preferred
5% preferred
Central
3-13
25c
Brass..
&
3- 1
American
3-13
4-
&
4- 1
5- 1
4- 1
3-15
4- 1
3-31
4-15
4-15
4-15
3-15
5
1
$1.75
:
7%
(quar.)
Central Paper Co.
4-
5%
3-25
25c
2-29
4-
1
4-
$1.50
$1.5Q.
preferred (accum.)
6%
3-18
3-15
: 3-11
4-
$1.12(4.
preferred?(accum.)
7%
3-15
3-15
3-31
(irregular)—.
—...—
15c"
Laughlln, Inc..
....
25c
preferred (quar.)—,
37(4c
Bloch Brothers Tobacco, 6%
pfd. (quar.)__
$1.50
Blue Top Brewing, class A (quar.)..
...
$15c
Class B (initial) J.:—
—:
$4c
Blumenthal (Sidney), 7% preferred (quar.).
$1.75
Bliss
25c
—
6%
•
Blaw-Knox Co,
$1.50
$$1.25
Aluminum Goods Mfg.
———
20c
Aluminum Industries, Inc. (quar.)
L
15c
American Aggregates, 5% preferred (quar.) <v
$1-25
American Agricultural Chemical —:
30c
American Airlines, $4.50 preferred (quar.) —
$1.0614
American Alliance Insurance (quar.).——
; 25c
Extra
5c
—
1
1
3-11
3-31
:.
4(4% pfd. (quar.)j.a
Central Maine Power,
10c
(irreg.)
Birmingham Water Works, 6% pfd.
Black & Decker Mfg. (quar.)..
Booth
Quarterly
4-
3-15
3-1
4-1
Central Illinois Public Service—
m$6
3- 4
4-
—
Industries
7%
Steel Corp.,
Bethlehem
3-17
.
3-15
preferred (quar.)
6%
3- 2*
;
10c
Limestone & Cement—1
3-16
—
$12(4c
2-29
_—_—
25c
American
3- 6
2-29
3-15
.
Harbor Malleable
Bessemer
3-31
4- 1
3-31
3-15
...
3-15
3-23
3-23
3-6
3-31
6(/4c
7(4c
$12(4c
3-15
1 •/
'common stock for
one share of
shares held
Central Illinois Light,
—
Benton
15c
30c
$1.75
_a—
——
70
3-15
1
4-
preferred (quar.) ...a....—a_—$1.25
7% prior preferred (quar.)
$1.75
7% 2nd preferred (quar.)_.___.__._.__._.'V
$1.75
Central Cold Storage (quar.
40c
Central Illinois Electric & Gas (initial).
1614c
(quar.)...
Ltd.
dend),
each
.
4-15
4-1
3-23
2-29
')
common
5- 1
Alabama
3-15
—....
Mfg.
G.)
(J.
Adams
3-15
(quar.).'.:.
....
40c
(quar.)
$1.37(4
Bath Iron Works, Corp.—$1
Bayuk Cigars, Inc
—37(4c
Beatrice Creamery, common (quar.)
35c
$4.25 preferred (quar.).
—.J;
$1.06%
Beatty Brothers, Class A (irregular)..
50c
Class B (irregular) —
*
25c
Beech Creek Railroad (quar.)—.
50c
Beech-Nut Packing (quar.)
$1
Belding-Corticelli, Ltd., common (quar.)
t$l
7%
preferred (quar.)—
—_
$$1.75
Bell Telephone of Canada (quar.)
—
$$2
Belmont Radio Corp. (quar.)
15c
Bendix
Aviation
75c
Beneficial Industrial Loan, common........
30c
$2.50 prior preferred (series 1938) (quar.)
62(4c
Benson & Hedges, $2 conv. pfd. (quar.)—
50c
2-23
3-31
r-'Kvv'.;15c
(s-a)
B
" 10c
——30c
(quar.)
40c
class A (s-a)
Properties, 4%
W.
P.
Class
1
t 4- 1
preferred
$5.50
3-
$1.50
j._—————
Bastian-Blessing,
Companies
Industrial and Miscellaneous
A.
Holder$
When
Payable of Rec.
share
>(
3-15
$1.25
$1.25
A—_--i_———_A.
Basic Refractories
3-
1
4-
'
,
,
5%
,
—
Extra
1
(
(quar.)—
of Canada,
Co.
1
4-
4-
Mills, common
—50c
preferred A (quar.)
'
$1.50
6% preferred B
60c
Cassidy's Ltd., 7% preferred, (quar.)$$1.75
Celanese Corp. of Amer., com., (stock divi¬
6%
0) Rec,
Payable
Carthage
3-18
Holders
When
Per
share
Name of Company
■k
1
3-
4-
$1.50
Baldwin Co.,
Bangor
of Rec.
3-17
Imperial Diesel Engine
25c
Autocar Co., $3 preferred (quar.)———75c
Automobile Insurance (Hartford)
(quar,).—
25c
Automatic Fire Alarm (irregular)
*
25c
Avonda.le Mills (monthly) ....—7c
4-zo
Corp—-——
Crampton
&
Winters
Payable
Atlas
-v; 3-10
3-11
4-1
4-1 /
3-15
lc
6% ■ pfd. (quar.) —
$1.50
Wichita Water Co., 7%
preferred (quar.)-.
$1.75
Wilson & Co., $6 preferred—-—a-~$1-50
Winchendon Electric Light & Power (irreg.)'
$1.25
Westmoreland Water Co.,
When
share
Name of Company
"(-y..';
Holders
Per
When
Per
Corp.
Cork
&
5%
25c
$1.25
3-15
2-25*
3-13
3-
2
3-27
3-
6
4-
3-15
1
•
•
>(;:'>*'.•
«j1
3-15
4-
1
4-
1
3-15
4-
1
3-20
4-
8
•
2-29
3-11
3-25
3-15
V':; 3-
1
12 (4c
3-31
—
25c
3-15
50c
3-24
3-14
56(4c
3-15
2-29*
————
5c
25c
4-25
4-15
1
3-13
$1.25
3-31
3-17
(irregular)
(quar.)
Publishing Co.
,
3-10
2-28
Seal Corp. Inc.—
preferred
Drug Co.
Zellerbach
Crucible Steel
$1.75
$1.62(4
$1.50
3-15
,3-31
(quar.)
-———
Corp.
Co.
(quar.)
of Amer.—•
5%
convertible preferred (quar.)_
1_
Crum & Forster, 8%
preferred (quar.)
Cuban-American Sugar. 5(4% pfd.
(quar.).
7%
preferred fquar.)—
—
Culver & Port Clinton RR. (semi-annual)—
Cuneo Press. 4(4% preferred (quar.)—_—
Curtis Publishing, prior preferred (extra) —
Curtis Publishing Co., $4 prior pfd. (quar,).
Cutler-Hammer Inc.
(irregular) __—
...
$2
$1.37(4
3-31
$1.75
3-31
3-31
'
3-17
3-15
3-15
10c
8-25
8-15
$1.12(4
3-15
3*
$1
75c
35c
(H- 1
3-10
4-
3-10
1
1
3-15
3-
4
1
3-
1
25c
3-13
3-
1
preferred (quar.)——" 31 (4c
3-25
3-13
Dairy Corp. (Canada),
Darby Petroleum Corp.
Davega Stores, 5%
4-
5% preferred (s-a)—
(quar.)
—_
$$1.25
4-
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4263
159
Holders
Per
share
Name of Company
David
& Frere, Ltd.,
(quar.)
class A
When
Payable.
of Ree.
3-31
3-15
3-31
3-15
}25c
________
Extra
U5c
—
De
Long Hook & Eye
Fund, Inc.
&
(quar.)
4
3-25
3-10
$1.50
—25c
tquar./
$1
4-1
3-20
3-15
3-
1
Gellman
3-31
3-10
Gemrner
Common
6-
5-15
4#.' pfd.
Common
(quar.)
______________________
(quar.);-
75c
Steel
B
7%
Die
General American Transportation—
$1.75
9-30
12-23
$4
3-15
3-
3-18
Power
6%
9•
General
General
1
3-
3-10
3-22*
1
4-15
■4;
;
1
General
General
3-15
6(4
■;
3-21
3
3-21
4-
1
75c
4-
1
3-21
60c
3-25
3-13
75c
Co.
common-—
3
4-
75c
(quar.)
preferred (quar.)
———
4-
1
3-15
4-1
3-15
:-:i
4-
(quar.)
3-
4
$6 preferred
Genesee
Georgia Power Co., $6
$5 preferred (quar.)
2-28
Girdler Corp.
4-10
Glen
—
:
1
4-
'
Globe
$1,121,4
___
3-31
4-
1
3- 4
$1.50
4-
1
3-
Brothers Stores,
convertible preferred
5%
conv.
20c
3-15
62V2C
3-15
2-29
62i/ic
3-15
2-29
preferred
(quar.)—
(Texas)—
E) Paso Electric Co.
(quar.)—_
(quar.)——
pfd. series 1941
Paso Natural
3-31
3-31
__
-
—
Electric
Controller
3-31
4-1
3-15
4-
I
3-16
4-
1
4-
1
50c
3-31
3-10
20c
—
Electric Storage Battery
(quar.)
Consol.-(Seattle)
Products
Watch
Elliott Company
■
(quar.)
4-
1
3-21
25c
;———:
4-
5%
Ewa
preferred
Ex-Cello-O
1
3-14
4-
1
";:v 3-14
1
3-14
3-15
2-29
1
5-17
,9-1
8-17
6-
$1.25.
12-
11-16
1
4-
$2.50
3
3-14
30c
4-
3
4-15
4-
3
4-
30c
3-15
3-20
3-
6
3-10
t37V2c
1
3-18
3-31
3c
(increased).
Fanny Farmer Candy Shops (quar.)
Fansteel Metallurgical Corp., $5 pfd. (quar.)
Corp., 6%
1
i 4- 1
65c
-
———
4-15
25c
-
Players Canadian Corp.
3-15
4-
4-
37 '/2c
1
3-
3-31
$1.25
1
3-15
$1.25
6-15
9-30
9-15
$1.25
(quar.)———<■-————
Co. (quar.)
6-30
$1.25
preferred
12-30
12-15
4-
$2.50
Farmers & Traders Life Insurance
3-11
1
——v
50c
3-15
2-29
Inc. (quar.)———
(Canada) (s-a)
Federal Insurance (N. J.) (quar.)——_——
25c
3-31
3-18
t$1.50
8-15
8-11
4-
3-21
Fear
(Fred)
Co.
&
(quar.)—
Federal
Bake
Federal
Fire Insurance
Shops,
35c
1
'
25C
Traction (irregular)——.—
Federal Mining & Smelting
—
&
Gas
<
3-20
3-
25c
3-15
■./
1Oc
4-
-
_
Water
3-13
V"
Federal-Mogul Corp.
—
Federal Motor Truck——
Fen ton
;
3-21
50c
Federal Light &
Federal
-
—
First
irregular)
15c
_______
Florida
Class
B
Food
Fair
4-
3-
3
3-
3
(quar.)—.
Hammermill
4 Va %
4-
6(4
3-15
Class
Kennecott
3-
4-1
3-
Coal
43%c
Glass
20c
4-
3-17
Co.
Motor
,
4-20
4-15
$1.75
30c
3-27
3-15
$2
25c
' 4-
—
.
(quar.).
15c
$1.25
37V2C
(quar.)__; 4
4- 1
4- 1
5%
preferred
(quar.)
4-
1
3-15
3-15
2-29
1
3-18
f.25c
3-18
5c
cl.
3 71/2 c
A: pfd.
>
2-29
37V2c
3 71/2 C
2-28
_
2-28
3-20
;
3-10
4-
3-15
4-
1
1
3-15
7-
1
6-15
10-
37
2
Brewing (ouar,)
(Kentucky) Natural Gas
4-21
3-31
50c
6-10
5-29
25c
3-15
3-
1
3-15
3-
1
2 \'z c
Frankenmuth
(quar.)
_
3-15
3-6
$1
3-15
3-
preferred ,(quar.)_—
30c
(quar.)_
20c
& Co.,
common
(quar.)--—
—
—
34 %c-
&
Holland
Dauche
Furnace
4-
1
.3-31
3-31
1
Hollander
Increased
Hooker
Hoover
4V2 %
Hoover
Co.,
1
4-
common
4
4
6-15
preferred
(quar.l_.___
$1.75
9-15
9-
/
1
5
7%:
preferred
(quar.)'
$1.75
12-15
12-
5
25c
3-15
2-23
IIV2C
3-10
Co.
(John)
^
—
$2.50
Co.,
common
(auar.)_
convertible
Fink
preferred
Leonard
Products
3-31
3-20
Quarterly
4- 1
3-25
3-29
Quarterly
3-10
Quarterly
1
3-20
.....
—
(quar.)
50c
20c
62V2C
4-
Brothers. 6(4
1st
7'4
preferred
3-10
3-13
<.
30c
(quar.)
4-25
5-1
30c
—
30c
Service,
1
'
,
^
3-
3-27
50c
7-26
8- 1
11-
1
10-26
2-29
3-
Link-Belt
A- I
3-15
3-31
3-18
3-31
3-18
3-21
3-21
3-21
i
Works—_—
3-15
4-30
3-31
3-31
3-20
4-
2-19
1
4-
2-29
3-31
(quar.).—
40c
Oil & Refining (irreg.,i.....—37(40
3-15
$1.75
37V2C
_!
3-13
3-31
(quar.)
$1.50
(quar.--$1.75
pfd. (quar,)_
1
3
4-20
A
(auar.).—4—$1.75
Motors..—!i_.4i—^__,i :'■•••;• 12^c;
3-
2-29
5
1st preferred
2nd preferred
3-15
-
3
3-13
4-30
7%
5-31
3-13
5-
1
3-
6-15
3-13
3-20
!._.
3-
3-14
25c
4-
4-10
5-10
5-1
....
3-14
preferred
(quar.).
37'/2C
(quar.) ____—_—871/2c
Lindsay Light & Chemical. 7% pfd, (quar.)
17Vac
4-15
30c
Common
(monthly)
30c
$6 preferred (quar.)i_^____—i_.$4..4.i„;
$1.50
1'"', preferred (quar.)
—$1.75
(monthly)
3-15
1
3-22
4-
(quar.50c
Locomotive
Lincoln
4-1
—15c
—
(quar.$1.12'/2
;
3-10
$2
Lincoln National Life Insurance (Ft. Wayne)—
8
3-15
35c
—
3-
Co.
3-18
1
$1
(quar.)—
Refineries
Salt
1
4-
>
(quar.)___
Electric
3-10
V. 4-
62VaC
^
Wilkes-Barre Cor'p.j.—
&
&
1
50c
preferred
Leland
1
4-
10c
(irregular)—
4-
30c
(quar.)
Steel_________.
Lehigh Portland Cement Co.—
4%
5
30c
& Sons
Electric
&
Lehn
■
5
./ $1.75
:
3-20
'
5-5
5-15
(quar.)
7%
,
35c
"i
3
7%
T:
Lehigh
25c
Humble
3-15
Lima
*
(Harveyi
3-20
1
2-28
Bearing
Electric
1
3-31
preferred-.^^^.
Class B
Howell
44-
.
$1.50
Houston Light & Power
Hubbell
62V2C
(quar,)..
f$l
(quar.)25c
(Ontario)
Liggett & Mvers Tobacco, 7%
Lily-Tulip Cup Coro. (quar.)
Manufacturing Co
Houdaille-Hershey, class A
3-15
15c
3-
Leslie
Hoskins
Howe
3-17
2-15
3-15
1
,
4-15
3-15
•
common
4
1
3-11
1
(quar.)..—$20c
Ltd.
3-
3-15
25c
l
5-
$2
3-
common
preferred
Ball
•iL,i
4-
3-31
3-31
:
i...:
Electrochemical, 6%
&
50c
,
3-
2-29
4
2-21
3-15
2-29
3-
3-21
2-21
3-14
$1.50
;j
(quar.)
$16c
(A.) & Son (quar.)i.4i_.__—444i.:■
Ilollinger Consolidated Gold Mines—
3-1311
3-15
$25c
'
Co...,
3-30
4- 1 4
4- 1
4- 1
25c
$1.25
(irreg.).
Paper Co. of Canada (quar.)
9-15
$35c
:
Hinde
common
(quar.)
1
"3-14
(quar.)—$1.75
Leath
25c
Paper Co.,
4-
4
3-20
preferred
preferred
'
4
Hinde & Dauch
1
11-
3-
3-15
3-29 X.'
4-
8-15
3-15
5-15
3-
4-29
$1.75
(quar.)_.._______._A'4ia
i.'.T
Mines,
3-15
(quar.)...—$1.50
(quar,)^2-./—lv//k/v'40c
iiiT-P •*'.
15c
/ '' "c
common
4-
11-15
3-15
3-22
3-10
3-10
25c
1%
4
3-20
1
1
25c
Extra
1
44-
$1.50
±2c
preferred (quar.)
Latrobe
1
3-18
25c
4
5-15
preferred
(quar.)
pfd.
1_ '
preferred
Machine,
3-
1
t25c
Landis
4-18
4-
1
4-
25c
Mining (s-a)
& Sessions,
$2.50
3-21
4-
2-29
2-28
$1.50
Landed Banking & Loan
3-31
'
2-29
3-15
3-15
.
50c
:
(quar.)..—
common
Petroleum
Lamson
4
3-22
3-15
35c
30c
(irregular)
non-cum.
preferred
2nd
4-28
3iy4c
;
35c
....
preferred
Co.,
2-29
1
5(4
6%
3-15
1
$3
H.)
1st
6%
.1%
25c
...
3-10
Co
(quar.)
4-
,
Co.,
(S.
25c
_.^.4_——-
...
3-10
1
(quar.)
6-
25c
Emil)
(D.
Lang
Corp., class A__
2-28
1
4-
3-15
Hickok
B
3-31
4-
5c
...
Co.
Lake Gold
2-29
Class
2-28
3-15
Lane-Wells
6
3-18
3-18
3-15
Common
15c
1
1
1
Lake Bhore
3-
4-
4-
25c
;
special preferred (quar,)....
Kroger Grocery & Baking Co.—
3-20
4
1
3-31
27VaC
'
3-20
4-1
2-28
'
2*t\hc
(quar.i
3-
<3-1
4-1
3-15
Oil
A
3-15
3-15
3-31
;
20c
■
^
(accum.75c
(accum.)
87*/2C
Rubber Corp. (quar.)—25c
Hibbard Spencer & Bartlett & Co. (monthly)
15c
Monthly
3-20
3-15
(accum.62V2C
Common
Hewitt
Co.__4.__i-
1
1
C,
B
Klein
3-15
3-
3-20
4-
D
1
$1
4- 1
$1.75:4;; 4-1
1
4-
4-
preferred
Kirkland
3-18
•
3-14
$1.75
(quar.
3-10
6-
621/2
preferred
25c
(quar.)
$1.50
1
$1.12'/a
(quar.).^F_____
...
Kinney Mfg. Co.,'$6
3-4
3-16*
5
4-
(quar.8%c
6%
3-
5
(quar,).—...
...
&
4; 3-20
50c
.(quav,)^——
(Walter)
Kress
4- 1
9-
12-
$1.50
(s-a)
20c
(quar.)„_4—..__
6- 3
9-15
preferred
3-31
3-15
:50c
6-15
12-15
preferred
,4-6
3-15
50c
15c
....
7%
4
3-
1
4
6'1c
3-15
4-1
33-
5%
3-15
3-13
1
3-15
3-15
•
B-l
La go
(quar.)__4_4——$1.25
Parts
1
3-
15c
(increased)
B-4 •(s-a)
6%
3-10
3-
3
3-15
3
Kings County Lighting—
3-2
6
3
3-
Stores—
Class
Kimberly-Clark Corp.,
2-28
3-
3-
4-1
25c
Series
Koppers
$1.50
Brewing
W.) Co., common.
Powder
1
3-20
4-1
25c
$1.12'/a
(G.)
3-15
25c
1
75c
;
Series
Cp.fr*
4—
preferred
' 3-31
3-15
3-20 4
25c
"
i.
(quar.)
Wheel,
Kidde
—
3-
4-
$1.50
Transport..
3-20
,
Creek
&
4- 1
2-28
1
4-6
Copper
B
4-
50c
Keystone Custodian Funds—
8
3-16
1
6
4-17
1
$1.25
(quar.)
Keystone Steel & Wire
.
Corp.
(G.
3-15
Refractories—
Hatfield-Campbell
Lime
3-18
3-15
3-
3-
5-
(quar.)
'■
$1.25
& Co.25c'
3-10
3-15
3-13
3-20
Light—
preferred
3-28
«
./
(quar.)....
B
Class
3-15
15c
Kerlyn Oil Co., class A
8
2-28
4.-1
$1.25
....
preierred
4-1
$1.50
3-31
25c
(quar.)___...2.---/-u-.-._:^.
$1
—-
Harshaw Chemical
&
25c
$1.50
$1.37Va;
2-29
-
Special;
;■
3-10
10c
(quar.-)._...
5-15
3-29
3-25
4'- I
1
common..________
Department
Kelsey-Hayes
3-15
$6
84.50
Island
3-16
6- 1
4-
$1.25
(quar.—
(Julius)
1
20c
31V4C
$3
B
preferred
1
(quar.)
!
Harrisbur^h Gas,'.'7% prefe'rred (quar.) .:
Harrisbtirg Steel Corp.
iquar.i „44.
Hartman Tobacco. $4 prior pref. (accum.)..
Hein-Werner
Kelly
1
$50
——^
preferred
Hazeltine
3-
1
4-1
343/aC
—
Paper, common (quar,).
Harbinson-Walker
5'/o
Kayser
4-
—
pref erred
3-15
3-15
;
Power
Drug,
Kaufmann
3-15 4
3
xlV4 %
!.15c
preferred
4-
(reduced)..
Co.
$7
Katz
50c
$1.75
■«
4-
4-1
2-29
(quar.).
■
Kansas Power,
3-15
133/4c
printing Co. (quar.)——
Watch
4
2-29
1
——...
preferred
4-1
25c
Company
4
25c
preferred
$75c
87'/2c
(quar.) —
Foster Wheeler, 6% prior pid. (quar.)
6(4 prior preferred (quar.)——..
—
6(4 prior preferred (ouar.)
——
Foundation Co. of Canada (quar.)
—
Four Wheel Auto Drive Co.. com. (irreg.) —
Fox (Peter) Brewing (quar.)————
5'X
$6
----4-—-——
common
6'4
6
A—._.——-——
Brewing—
Co..
F.)
Hamilton
3-
class A 4quar.) —
Ford Motor of Canada, class A.—G—
Class B
—I—v
(Robert)
Haloid
3-15
3-15
Gf-^'nc^i'l-Ti^ins)
3-
3
2-29
1
25c
Vegetable Parchment Co.
City
3-14
3-24
Gair
4-1
4- 3
1
4-
(quar.)
Quarterly
4-3
4-
«,
Quarterly
8
Kalamazoo
3-25
4-
Frankfort
3-20
7^ prior preferred (qnar.)i
i
$1.75
Hilton-Davis Chemical, $1.50 pfd. (quar.).--4 ; 37!/2C
(quar.)——
6%
^4-15
%
50c
9
Co..
3-20
3-15
3-10
3*
<4
.
8
4-
(quar.
common
3-
2-29
■
xl3/4%
...
preferred B (auar.
Joslyn Mfg. & Supply, common
6% preferred (quar.)
$25c
(irreg.).
xS1.75
1
xlV\cfo.
—
5%
(accum.).....
(quar.)
4-1
4-
(quar.l_..3—$1.50
Laughlin Steel,
3-15
3-
3-15
$17c
(quar.)
Co..l—
preferred A
Kansas
Hackensack Water, 74. pfd. A' (quar.)
Hale Brothers Stores (quar.).—'
(W.
&
5%
4-15
3-16
8-10
11-10
1
Jones
1
4
3-31
,
1
1
4-
15c
-
Ltd. com.
9-
12-
(quar.)____
$1.06V4
Johns-Manville Corp., 7% preferred...$1.75
2-18
15c
5-10
preferred
3-15
25c
$6 preferred (quar.i————
Gulf States Utilities, $6 pfd. (quar.)
$5.50 preferred (quar.)u
2——441—4
Hall
Steel
5c
'4.
D
preferred
10c
Power,
Hercules
75c
Pitt
3-
(quar.)..
Supply, $5 preferred
Telephone (N. Y.)—
Tea Co.,
4J/4%
6
Gulf
4
3-31
Foster-Kleiser
3-21
3-24
Jessop
Jewel
3-
Corporation
3-
3-15
Fort
3-
3-31
Realty Co. (Bait.) ,6 4; pfd. (accum.)
3-15
9
Wallace,
3-15
Y.)
(quar.)__.L^.„._2!—.....
4- 1
Oil
7(4
C
&
2-15
.
(N.
Water
1st
2-28
6-1
30c
preference
6('»
3-15
3-15
25c
,,
(quar.)...
■5%
2-15
3-15
3-15
30c
(quar.)
Jamestown
3-15
3-15
1
4-15
30c
(quar,).—
preference C
Jamaica
3-15
4-1
.-4-
3-1
30c
.4
preference B
10c
Gulf
Helme
35c
Forbes
3-17
'4-1
3-15
25c
5fo
3-10
3-31
3-17
4-15
$75c
7(i
3-31
3-20
50c
/
3-15
-..J
;
Irving Trust Co.
3-10
3-31
2Viae
preferred (quar.)——_—.^..
1
1
iquar.
Jamaica Public Service Co.,
7% preferred A (quar.)
3-31
$1.25
Guilford
3-8
3-
r-
1
4-15
50c
,
3-15*
44-
^
Quarterly
3-20
4-
pfd. (quar.)
T
—
Quarterly
3-13
50c
!
preferred (quar.) ————
Guaranty Trust Co. (N. Y.) (quar.)
3-15
3-
————————
1
3-31
4-
7%
America
Irving Air Chute Co.
1
50c
5(4
Hetlman
3-15
A, (quar.)
3-
of
Quarterly
3-10
•
com.
1
45c
$1.75
(quar.i
convertible
$25c '
Brewery,
50c
•
Co.
3-1
4-
f40c
Foundation, Ltd.—
preierred (quaf.),.^
Iron Fireman Mfg.
(quar.)
—
6%
(accum.)...
1st pfd.
Co
Silver Co.,
3-16
3-31
Ltd.—
Investment
3-11
—.
1 Oil Corp.—
Watch Co., com. (increased) (quar.).
3-15
3-15
Stores,
Western
Salt
Investment Co.
:
3-10
3-20
Group No.
Gruen
3-31
15C
preferred
Griesedieck
3-15
$1,121/2
Machinery
4-1
1
4- 1
3-13
62V2e
Greyhound Corp. common (quar.)—
5preferred
(quar.)
4-10
Corp.-—-44-4-uJ——
$2.50
2-25
(Daniel)
Co., common
4—50c
preferred (quar.)———$1.50
Greening (B.) Wire, Ltd. (quar.).
$15c
2-29
(quar.)——
(irregular)-—--—-
'
Food
3-4
3-20
75c
Hawaiian Commercial & Sugar Co;
3-21
Class
Saddlery, §rm
4
3-
Society
3-15
x
64.
3-31
1
4-
Green
3-15
.
3-15
6'4 2nd preferred (quar.)-———.
:
,475-d''t
Great, Western Sugar, common^.^.'—4..—
50c
7(4 preferred (quar.)$1.75
4-15
..
3-15
1
5-1
$62c
partic. preferred
Haverty Furniture, $1.50 preferred
3-
3-31
Shoe,
West
Canada,
Department Stores, 7% pfd—
$2,72
Interstate Hosiery Mills (quar.25c
—
3-20
•:
1
4-1
4-
$1.75
non-cum.
(quar.).—-———
Corp., 7% preferred——
Power
Great
of
,
3-30
Interstate
$621/ac
partic.
Co.
1
4-20
(quar.)__
prior preferred
3-15
preferred
77o
A
Nickel
......
3-16
$1.25
pref.
class B partic. pref.
$2
Reduced
Quarterly
5%
60c
preferred
Florsheim
class
•
Paper—
5%
$1.75
Flintkote Co.. common
(irreg!)
(irregular)
International
(quar.)....;.-.—. $1;
1
...
Hazel-Atlas
—————j.—■
State Pawners
$4.50
International
8*
25c
(quar.)..:
1
United Cleaning & Dyeing Co.—
$1.75
preferred (quar.) —______—______
$1.50
Field (Marshall) & Co.. 6% pfd- (quar.)
$1.50
6% preferred Second Series (quar.)_2____
Fifth Avenue Coach (irregular)——4
,-i.
Finance Co. of .America at Baltimore:i-'
15c *
Class A common
(quar,);_.
15c
Class B common
(quar.)-.;.
—4—...
IV2C
Financial Industrial Fund (irregular)-——
Fireman's Fund Indemnity (San Fran.)—
7%
Quarterly
3-13
56JAc
American Investing (extra)
Great American Insur. Co. (N. Y.) (quar.)—
Great Lakes Engineering Works (quar.)....
.
pfd. (s-.a)„—
$5
3-
3-25
$1.25
pfd. (quar.)....
Great
$2
4-11
preferred
3-29
■
(quar.: $$1.50
& Chemical Corp.—
Minerals
4-
2
Fisheries
Lakes
i'/e
3-15
$1.50 "
Great American Industries T.—
Great
4-11
1
3-
6
3-10
1
5-
International
3-10
1
5-
5-1
Valley
conv.
$1,25
——
__
Corp.
3-24
v
15c
(quar.)———
(irregular)
Palstaff Brewing
Famous
1
4-
$1.25
i.--——
Plantation
3-24
3-24
4-
t25c
$5
?
3-20
1
1
4-
■
preferred A (quar.—,—
preferred A (quar.)—
$5 preefrred A (quar.)———
European & North American Ry. (s-a)_.
Eversharp, Inc., common (quar.)
1
3-20
4-
.
Erie RR, $5
3-15
;
4-
.
—1
3-15
1.
4-
.
Extra
3-10
*
4
'
35c
Emporium Capwell, common (quar.)
—
56 '/4c
4V2(4. preferred A (quar.):
$3.50,
7(4 preferred (s-a)__
—
$1.50
Engineers Public Service, $6 pfd. (quar.)—
$1.37 V2
$5,50 preferred (quar.)————
££& $1.25 '
$5 preferred (quar.)—
——$4—
English Electric Co. of Canada, Ltd.—
A
3-
1
4-
.
Electric
class
3-21
3-31
25c
(irregular)—-
3-20
■
3-20
'
•" 50c
Co., 8<4 preferred (quar.,U_-ui.;
Manufacturing,"common— F/i/'v 15c
$1.75
preferred (quar.)——.--—
Emerson Drug
non-cum.
3-15
60c
Electric Household Utilities CGrp.—.,:
$3
4-
' 4-•;
3-15
3-20
4-
conv.
v
3-15
4-15
4-15
.-5oc
Industries, common
25c
preference A (quar.i—i:$1.50
conv.
1
(quar.)...
com.
3-17
preference
0'<■
6
Co.,
3-15
4-15
Metal
International
Brewing (s-a)
Great American Indemnity Co. (N. Y.)—
Irregular
:
3-15
50c
(irreg.i—u
Mfg.
1
4-
75c
—_
_i._.———1—_—
&
^$T.T2V2
75c
Gas, common (quar.)_
6(4 pfd. (quar.)-
Auto-Lite
Gorton-Pew
«
.
Stop Nut Corp.,
Electric
2-29
International
6({-'
20c
(quar.)
preferred
3-11
3-31
120c
(quar.).—f37Vac
participating preferred
3-17
40c
Goodyear Tire & Rubber, com. (quar.)
5(4
convertible preferred (quar.)
Gorham Manufacturing Co. (quar,.)__.
3-15
Grand
>
-
(quar.)—
v
Harvester
6(7/
3-
5c
ccnv.
<B. F.), common
preferred (quar.)..^
5%
3-10
50c
50c
common
$2.50
Goodrich
3-20
1
4-
t$ 1.371/2
:
—
—
International
International Shoe
(quar.)
Goodyear Tire & Rubber (Canada)
(increased)—
3-11
4-1;
25c
Brewing Co.
Common
4-10
3-15
preferred (quar.).
$5
3-10*
1
3-16
(quar.)
4
(Toronto)—
_
Corp.
;
preferred (quar.)_
conv.
Golden State Co. (quar.)
Goodman 'Manufacturing
3-20
$1.25
—
(quar.)—
3-13
1
Tubes
Goldblatt Bros.,
$4.50
IOC
Trust
3-15
3-1
4-
—
Co
common
Investment
1
3-15
75c
_
1
3-15
25c
Goebel
Railway—
4-
1
(quar.).
Globe-Wernicke, 7'4
3-15
1
4-
Steel
50c
:
Inter-Ocean Securities Corp., 4'.$ pfd. (s-a).
International Bronze Powders, com, (quar,).
4-
.
Co., AVi%
.3-15
3-29
40c
Glens Falls Insurance (N, Y.)
Glidden
1
:
3-29
25c
Gleaner Harvester
3-15
4-
4-
—
3-15
3-15
50c
$1.50
25c
Navigation............:
Steamship
62Vac
(quar.)
Coal
2-23
4-15
SI.25
,
Alden
Intcrlake
3-16
25c
(quar.)
2-29
3-20
Steam
40c
„.
preferred
3-10
1
3-25
$1.25
$5
3-29
3-27
25c
4-
$1.50'
preferred
Safety Razor,
3-31
25c
Intern-Island
50c
Corp! (irreg.)
(annual)
$1.25
2-29
30q
common
3-11
Corp.—
5-1
-
$1.50
'
3-16
1
4-
25c
'
(quar.i—
Brewing,
3-14
—
3-31
1
Ltd.—
Bank group shares (irregular)
..,.•>•! 2%c
Inter-City Baking Co., Ltd. (irregular)—..-^.:
v1:75c
25c
x..
(quar.).-.—.
General Time Instruments
'3-20
1
•
44-
4-1
$1.25
(N. Y.) (quar,)..
Telephone Corp., common (quar.)..
$2.50 preferred (quar.)..
•"i-(25
—
(quar.)—
Street
5%
7(4
(quar.)..4.—...
Refractories
$1.25
(accum.)—,—
Mill
Irregular
Emerson
preferred
Gillette
(quar.)———:
National
preferred
Precision Equipment Corp..
Railway Signal, common
t
$1.12V2
(accum.)—
Eddy Paper Corp.
Elgin
5'4
General
de Nemours & Co.—
*
4-15
4-1
'
Rolling
Electrical
25c
General Reinsurance Corp.
'
El
3-10
3-15
$5 preferred (quar, >.' 4
$1.25
General Outdoor Advertising, com. (irreg,).
25c
I Class A (payment clears all arrears$3
General. Paint Corp., :$2.G7 pld. (quar.)
67C
3- 3
4 4:
4-
$14
$1.75
4-25 :
$1.75
(quar.)..
,
.
2-14
General Motors Corp.,
3-28
3-15
35c
4
3-10
(irregular).25c
Fireproofing, ?'■; preferred
(Irreg.)
4-15
4-1
(quar.)____
3-20
3-10
Industrial Acceptance
3-31
3-20
25c
...
General Instrument
3-29
1
15c
(quar.)
General Mills,
1
3
'25fi
(quar.)
Extinguisher
4-15 4
General
6(4 preferred
Elastic
Fire
preferred
conv.
(quar.)
common
.General;,Electric Co.
;
3-15
,5- 1
common
6'4
3-15
4-
1
3-20
5% convertible preferred (quHr.)...!...
Inspiration Consolidated Copper.^
l'/ac
...
Corp.
5-1
4
3-22
4-
15c
-
Institutional Securities,
8-11
1
3-30:
4-29
2-15
75c
(quar.)..
Brewing,
General Candy
;
2-15
Indianapolis Power & Light, com. (quar.)... •
30c
514(f- preferred (quar.)$i.3lJ4
Indianapolis Water, 5% preferred A (quar.;.
$1.25
''
General
$$1,25
Eastman Kodak Co.,
Indiana Gas & Chemical, $3 pfd.
Indiannpolis Bond & Share.;..
2-15
3-31
20c
•
3-
$$1.37V2
Massachusetts
$4.50
3-20
'
3-10
3-28
1st preferred
Edison
1
Investors
3-31
3%
4-
2-23
(interim)
Ecuadorian
4-
■
Incorporated
3-31
JiOc
3-15
(quar.).,
General Cigar Co.,
37VaC
Associates-—^
prior preferred (quar.)——
Economic
6
3-31
3-20
U5c
...
Box
Gas & Fuel
Eastern
6
3-
44-
;
75c
(s-a)_.___„_
General
2-29
52 V2C
Co,, Ltd. (quar.)_____—
5-Ms 'k pfd. (quar,)
preferred
6%
3-
3-15
preference
3-4
3-20
Plastics & Chemicals
Eastern
3-15
6'Jc
$$3.75
......
3-18
2-29
: $81.25
Eagle-Picher Lead, 6% preferred (quar.)
4V2f/«
6
$1.50
(quar.)
Imperial Life Assurance Co. of Canada (quar.)
6
35c
6-10
$2
3-
$$1.25
—-a
preferred (quar.)
Duquesne Light, 5%. 1st preferred
.Eastern
3-
3-
3-20 '
7-
(s-a)_.__
1
$55 VaC
$4.50
Durez
pfd.
1
gtd.
1
2-29
&
Common
$6
4-
3-14
4%
Imperial Paper & Colour Corp....
Imperial Tobacco Co. of CanadaOrdinary shares (final)....
Ordinary shares (interim)....
8
35c
_
Leased Lines,
4-
(quar.)—-.—-.———,—$$1,75
IE, I.)
(irreg.)
quarterly basis.
3-15
preferred (quar.):—_—1:.75
$1:50
Bradstreet, $6 preferred (quar.)—
Dun
du Pont
2-29
3-
3-31
4-
•4 4-15
Co.,
2-29
3-13
3-21
$1.75
Holders
Illinois Central RR. Co.—
2-29
3-15
of Reo.
3-31
62V2C
110c
6%
a
3-15
ORf.
7preferred (oaym't clear all arrears)
7%. preferred (quar.)-i_--————V—-
Driver-Harris
on
3-15
79c
(s-a)__
___.2_.-__.;
Dow Drug Co.—
Corp.,
3-15
3-15
preferred
General Baking, $8 preferred (quar.)$2
General Bottlers, 55c preferred (quar,)...-.
lS^c
C
$$1.75
Draper Corporation
1
75c
.
Investors,
25C
(quar.)__
(interim>
(qua.r.)
Ltd.,
common
irregulav)
25e
(quar.)-
Dominion Stores
<
250
*—
common
preferred
Now
9-30
12-23
35c
Dominion Tar & Chemical,
Duke
General American
11
pfd. (accum.)
conv.
partic. pfd.
(quar.)
class A
Casting
Glass,
Dominion Textile,
Dravo
1
V-
A
3-
1
Payable
68%c
.....
Hussman-Ligonier, 5V& %
Illinois Bell Telephone
•
Co., 6%
preferred
1'h
4-
7-
_
Dixie Cup Co.,
Doehler
4-
$1.75
____
Distillers Corp; Seagrams, common (quar.)—
5'/o preferred (quar.)
—
Dominion
Acceptance Corp.,
8-15
11-15
Class
4-
25c
.
$1.75
_________——
_
Diamond Match
(quar.)
(quar.)
9-
(irreg..
(quar.)--.-...-,-.--;^^^--------*-
Diamond T Motor Car
General
common
$1.75
■
:
Dewey & Almy Chemical, common
Class
B
1
10c
12-
Corp.
Devonian Oil
Class
3-
1
When
share
(qugr.)„
Name of Company
1
68%C
(quar.).
Manufacturing Co..
Manufacturing—
75c
(quar.)
preferred (quar.)
7% preferred (quar.)
7%
preferred (quar.)
Derby Oil & Refining, $4
preferred
3-
12I/2C
i
:V-. 75c
._4r_________
.
$$1.37
Per
of Rec.
4-
$$1.25
1077
uoiaers
3-31
(quar.)12V2C
common
partic. preference A
$3
Common
Detroit
5V2(4
Payable
$20c
(quar.)
Extra
.
——
preferred
Gaylord Container,
of New York—
(quar.)
■"II'/e
4-
____
(quar.)
Light,
Dentist's Supply Co.
3-15
—3*2V2C
Delaware
Power
(increased)
5(4
preferred (quar.)...
1
5Vj>% preferred (quar.)
vynen
snare
Name oj company
Gatineau Power, common
3-15
Deisel-Wemmer-Gilbert
Delaware
1
4-
8T/2C
$1
Dayton & Michigan RR., common (s-a)—v
8'/e
preferred (quar.)______________
Per
6%
common
participating
1%. prior
preferred
Co.; 6Va% preferred (quar.$1%
Lipe-Rollway Corp., class A (quar.)______._
12V2q
$1 convertible preferred
(quar.25c
Liquid Carbonic 'Corp.—
'
-J*
4Va% preferred A (quar,)_^____.____„__._
$1.12Va
Look Joint. Pipe Co., common (monthly
$1
.8% m-efer'-ed'(ouar,):_^;.,________„_____^._ ;
82
4
.
.
Lone
Star
Cement
(reduced)—!
.
37l/2C
;
,6-
4-15
1
3-31
.
?-21
4-1.
3-31
3-10
'
'
When
Payable
preferred fquar.i__.___—
Participating5% preferred (quar.)
Participating
.
o'.r
;—_____
—______
'
:-
——
.
5%
6-
12-
5'"r
($25
preferred
:
(R, C.)
Mahon
Central RR.,
Maine
common—
$7
8-15
4
11-
3
New
3-
4
New Idea,
4-1
6%
Ltd.,
5%
6%
O'fo
Refrigeration,
Merchants
z
Class A
Mergenthaler Linotype
&
Merck
Co.,
25c
(quar.)__—$1.12
preferred
preferred
4%%
5% %
Machine Co.—*
Metal
50c
62 %c
$1.75
•-
m—~
preferred (qhar.)____<,.
7%
Thermit,
&
$1.3114
(quar.)—.
—.
Transportation (quar.)
Miners
&
Merchants
Mesta
$1
—T——_
(quar.)
common
Metropolitan Edison, $6 preferred
$g prior preferred (quar.)
$5 preferred (quar.)
$7 preferred (quar.)
—
$7 prior preferred (quar.) __—
$1.50
(quar.)—
$1.50
$1.25
$1.75
$1.75..
•
—
,
—
-
Meyer-Blanke Co., common (irreg.)——
30c
preferred (quar.)____———
$1.75
Michigan Bumper Corp., new (initial)——
10c
Michigan Public Service, 6% pfd. (quar.)—
$1.50
$6 junior preferred (quar.tz___—_—$1.50
6%
preferred (series 1940) (quar.)——
$1.50
7%
preferred (quar.)———
$1.75
Mickelbcrry's Food Products—
">,.'•7%
preferred——————
non-cum.
(quar.)
1st preferred
8%
3-1
25c
(accum,) -./
50c
common/-..—5c
Convertible preferred (quar.)_——
37 %c
Miller & Hart, $1 prior preferred (irreg.)—/ 25c
Co.
25c
25c
5c
prior preferred (irregular)—,———
$1 prior preferred (irregular)—
Miller Manufacturing Co.
(quar.)
$1
iFormerly known as Miller Tool & Mfg. Co.)
Minneapolis Gas Light—•
,
$7
preferred
(quar.)
Mississippi Valley Public Service com. (quar.)
67n preferred B
(quar.)——
Modern Containers, Ltd., common (quar.) __
4-15
4-
4
5
6-
1
9-5
9-
1
6-
5
6-1
9-
5
9-
1
3-10
3-15
3-10
3-15
3-
1
4-
1
3-20
4-
1
3-20
4-
1
3-20
$6
6
4-
1
3-
4-
1
3-6
3-
6
4-
1
3-
6
4-
1
3-6
3-13
3-3
1
3-24
3-15
2-20
4-1
3-15
l
3-15
4-1
3-15
1
3-15
3-
3
4-
1
3-
3
3-
4
Ottawa
3-15
3-15
2-29
3-13
3-
6-12
6-2;
9-.12
9-
3-31
3-22
Pacific
2
3-20
67o
3-20
Packard
3-17
Panhandle
Pacific
3-15
50c
4-15
3-20
$1,75
Montreal Cottons, Ltd., common (quar.$$1
7%
preferred (quar.)—
$$1.75
Montreal Loan & Mortgage Co. (quar.)_—_
$31'/4C
Motor Finance, $5 preferred (quar.)
$1.25
4-15
3-20
3-15
2-15
3-15
2-15
3-15
2-29
3-29
3-18
3-30
3-17
3-15
3-
4-
3-11
8?o pfd.
(quar.I
preferred (quar.)——.
5'Vi? '/•
Murray-Ohio
Mfg.
_•
Muskegon Piston R.ing__
Mutual Chemical
Co.
of
6%
preferred
6'r
6'h
G'h
preferred
Myers
preferred (quar.)
:L
& Brothers (Increased)———
6'h
Telephone Co
E.)
iF.
Nachman
Corp.
—
Corp.
National
Biscuit
National
Breweries,
preferred
>
_
■:
Nash-Kelvinator
7'.).
!
(quar.)
Svstem,
Mutual
$1.50
$1.50
$1.50
$1.50
37%c
15c
$1
25c
12'/2c
30c
$50c
J44c
25c
25c
25c
,
!
Co., common.
Ltd.,
:
common_
—
(quar.)—
National Cash
Register (auar.)
Casualty Co. (Detroit)
National
National
Class
S3
City
A
Lines,
common
(quar.)—
—
(quar.)..___
..
convertible
Container
National
Electric
6''
7N
Lead, common:
preferred B tquar.)
preferred
A
(quar.)
_________________
National Oats Co., 5'v
preferred (s-a)
National Refining Co., $6 prior pfd. (accum.)
National
National
Rubber
Machinery
Securities Seric-s,
National Standard
Co.
_______
—
.
Co.
income series
(quar;)_—:
C.)
(J.
3-18
3-31
3-25
3-31
3-15
3-15
2-29
3-15
2-29
3-15
3-1
5-15
4-15
5-15
4-15
1
2
Circle
Co.
Stove
Perfection
(quar—
(quar.)
3-16
6-15
Perron
9-28
9-21
Pet
12-28
12-21
4-15
3-31
$$1.75
75c
30c
75c
$1.25
$1.50
3-
Pfeiffer Brewing Co
3-15
Co.,
4% %
3
12y2c
62V2c
' $1
$1.25
25c
$1
50c
.
,
—
(quar———/.——
25c
(quar.)__(.
——$1.061/4
common
preferred
(Nashua, N. H.) (s-a)_-_r_
—
__________
Philadelphia Co., $5 preferred (quar.)______
87y2c
25c
4-
1
3-
3
$1.25
$6 preferred (quar.)
$1.50
Philadelphia Dairy Products, $6 pfd. (quar—
$1.50
Philadelphia Electric (quar.)''————■
30c
$1 preference common (quar;)______
25c
4-
1
3-
3
Philadelphia Electric Power,
3-30
3-15
3-27
3-
8
3-10*
8% pfd. (quar.)
'
4-15
3-30
3-15
2-29
3-15
3-
1
Corporation—.—
Philco
Insurance
Phoenix
Pilgrim
:
(Hartford)
Co.
Exploration'
(quar.—
—_______
3-15
2-21
Pittsburgh
5-
1
4-21
Pittsburgh Fort Wayne &
Common (quar.)
8-
1
7-22
4-15
■7%
Forging
Co.
(quar.)
Chicago—
—
3-17
Pittsburgh Plate
$1.50
$1.75
$1.25
$1.50
4-21
3-15
3-
Pittsburgh Screw & Bolt
Planters Nut, & Chocolate
8-15
7-31
Plume
3-15
3-
Plymouth
25c
3-15
3-
1
8
1
&
Powdrell
Atwood Mfg.
Oil Co.
&
2-29
3-15
*———_____
(auar.
(quar.)
_____—__x_—
(quar.
—_—.
Alexander
of Canada. 6% pfd.
6%
1st preferred
(auar,)_
Pratt & Lambert (irregular)
Power Corp.
3-15
3-15
Russell
9
17/
10c
75c
$1
25c
—
$1.75
$1.75
?5c
75c
10c
$2.50
50c
25c
15c
(quar——$75c
$$150
3
f
3-
6
3-15
3-6
3-15
3-15
4-8
4-13
3-13
4- 1
6-1
9- 1
12- 1
3-6
4-
3-15
4-15
3-31
St.
3-15
3-4
San
3-31
3-15
(initial)
Gold
3-16
debenture
A
debenture
C
4-
1
3-10
3-30
3-15
Schiff
debenture D
Schlage Lock Co.
3-15
2-29
Scott
3-14
3-1
3-15
3-1
3-31
3-13
Scott & Williams
3-15
2-29
Scovill
Paper,
Scranton Lace Co.
4-1
3-15
3-15
3-15
3-
6
6
3-31
4-1
4-1
4-1
3-15
4-1
4-1
4- 1
3-15
3-15
3-15
3-13
5-1
5- 1
3-13
4-1
3-10
3-14
2-18
3-15
:?'3- 1%
3-10
43%c
4-1
4-1
3-15
3-15
3-15
2-29
$1.25
63c
10c
23c
4- 1
4- 1
pfd.
37V2c
$3
$2
$1.87%
$1.75
(quar.)_
(s-a)—
$1.62%
' $1.37%
.
(quar.)-
25c
$1.37%
12%c
45c
$1,12.
$1
50c
50c
50c
25c
10c
(quar.)___
com.
10c
(irreg.)_____
4-
1
3-15
Seeman
4-
1
3-15
4-1
3-15
Seiberling Rubber Co.. 5% cl. A pfd. (quar.)
$2.50 prior preferred
(quar.)
4-
1
3-15
Serrick
4-
1
3-
(quar.I
3-31
3-18
Sharon
Steel
3-30
2-29
4-
1
3-11
4-
1
3-11
3-
4
1
3-10
3-13
4-
3-15
1
3-13
4-
1
4-95
3-
40c
Manufacturing
7%
Gold
Skenandoa
3-10
3-10
Smith
4-
1
3-10
Snap-On
8
5%
Mmes
Rayon,
.
(Howard)
57c
Paper
Socon"-Varuum Oil Co.
6
3-15
3-10
2-29
2-29
3-15
3-15
V 2-25
2-25
3-
1
3-21
3-
6
3-
6
3-
1
2-23
4-10
3-10
3-
6
3-
6
1
3-15
4-
1
4.-6%
4
3-31
3-
4
3-15
4-1
2-15
'/ 4- 1
3-11
4-20
-3-25
5c
$1.50
$1
Power Co.,
3-
1*
3-15
3-
1
South
Penn
Oil
4-15
3-20
South
Porto
Rico
a.] 5
'J.uo
4-
3-15
(nuar.)
Sugar,
.
3-15
3-25
4- 1'.
4-1
2-29
2-?9
2-19
2-23
2-23
3-11
3-31
3-10
2-18*
3-
1
3-15
3-15
pfd. (quar.i
62'/pc
4- 1
3-21.
$6 1st pfd. (quar.)
$1.50
4- 1
3-15
aric
3-27
50c
4-
$2
50c
4- 1
4- 1,
Carolina. Elec. & Gas.
3-28
preferred
4
3-
25c
(s-a)____^
6% preferred A (accum.)
preferred B (accum.)
z__
South Carolina
3-
3-31
$1.25
$1.25
Sorg Paper.
4-
3-31
$$1.50
25c
preferred A(quar.)__
(nuar.)
Mills, 6% pfd. (quar.)
Sonotone Corp.
3-10
1
3-
$$1.75
Tools Corp.
3-11
8%
<
4-20
$15c
(auar.)
prior preferred
1
South
2-25
.3-14
40c
Sons,.common (quar.)________
4-21
3-15
3-10
4-20
$1.50
(quar.)
preferred (quar.)__-__I-_____________.
1
3-
&
(H.)
Siscoe
6
2-29
: 3-15
4- 1
4- l
3-15
3-14
$20c
$20c
(aceum.)_;
Extra
3
3-25
2-29
$l'/2c
com.
Extra
4-
3-15
Ltd.,
Simonds Saw & Steel-
Singer
Simon
3-10
115c
Dairies,
participating preference (s-a)/„______
3-25
4-
Corp., common
•
3-10
3-15
3-15
4-* 1
3-23
4- 1
3-21
3-22
5- 1
4- 1
3-15
'SI1
*
z,
3-10
3-10
3-15
15c
(quai\)__
.
$1.50
Silverwood
3-15
4-
:
(St. Louis)
(irregular)
25c
$5 preferred
(quar.)__—$1.25
Shattuck (F. G.) Co. (quar.)_______________
10c
Sheller Manufacturing
•
5c
Sherwin-Williams Co. of Canada, common.. '
$15c
77c preferred
(quar.)__
$$1.75
Signal 0:1 & Gas, class A_____
50c
Class B ■•'_
' 50c
2-26
4-
^
Bottling
Railway
3-31
;
class B
Seven-Up
-
37%c
Engineering, common
(quar.)
Sharon
,f
1
6
preferred
3-91
3-15
3-15
2-29
3-
7%
3-10
-
3-
2-29
1
3-15
3-
3-15
4-
6
4- 6
1
4-15
3-
3c *
3-15
Corp.,
•
.
4
4- 1
(quar.)/_
Brothers
3-
$1
25c
25c
(Del.) (quar.)
preferred
4
3-15
6-15
________________________
Seaboard Oil
4
1
s3-22
3-31
3-31
3-15
.
Securities Acceptance Corp.,
3-20
3-15
2-21
3-1
Co._
3-17
3-
9-15
6-15
4-1
(resumed)>
Manufacturing
3-10
3-31
10-1
,
3-15
(quar.)___
(quar.)______
common
1
4-
3-15
4- 6
(quar.)
3-31
1
4-1
7- I
7c
$4 preferred (quar.)
1
3-30
3-10
25c
$4.50 convertible preferred
8
.
4-10
$30c
$$1.75
50c
(quar.)
preferred (quar.)
3-
3-
v
3-10
5 "
(quar.)__
Co., common
2-29
3-
3-10
6
preferred
3-20
3-
4-10
4-15
6-
(quar.)
3-15
4-
5-1
5-1
,
3-
Assn.
6%
Schenley Distillers, 5%%
3-25
3-10
3-10
3- 1
(quar.)
3-10
4-
4-
4-1
4-1
j
3-15
(quar.)
(quar.)
4-15
4-
4-15
.
3-10
3-15
3-16
7%%- debentures B
3-23
4-
5- 1
5- 1
4- 3
25c
■
4-
A
2-11
3-10
(s-a)___
Savannah Elec. & Power,
Class
2-21 '
4- 1
4- 1
'
3-21
75c
Mines
San Francisco Remedial Loan
6
3-17
2-<29
3-20
:
Security
3-28
3-15
4-1
(accum.)$1.75
$7 preferred
2-19*
4-
/
4- 1
,
Antonio
6 7c
_
1
2
25c
50c ■
_____________
3-31
3-10
5-
3-15
—
4-15
4-
1
8-
11-
3-21
•
common
4-1
4-1
3-18
4- 1
4-1
Co., common (resumed)
Ltd.,
Extra
3
,
3-1
4- 1
Class A (quar.)
Mfg.
51/2%
3-17
50c
(initial)
'
Industries,
6%%
2-29
3-23
(quar;$1,12%
20c
pfd.
4%%
(Helena),
Regis Paper,
7%
1
3-
Class'B
1
/
1
3-14
3-30
3-13
3-15
St. Louis
8%
■
3-
■::5-
4- 1
_______
Safety Car Heating & Lighting
Public Service, class A———_
3-15:
3-15
—
40c
3-
3-10
5c
(quar.)
preferred (quar.)
Russell
4-
1
'
4- 1
3-15
;
3-10
50c
30c
25c
10c
Common
2-9
2-
.
Metallurgical
^——_—--—
Glass (quar.)
Pittsburgh
10-20
3-31
5-1
50c
20c
50c
,
—'—
preferred (quar.)——__
10-30
1
4
87'/2c
2'/2c
Common
4-
37y2c
^$2c
Peterborugh RR.
3-15
3-28
——
(quar.——
Gold Mines
Milk
3-
1
3-
2-29
(irregular i
Rudd Manufacturing
4-
$1
preferred (quar.)—_
—■
Pennsylvania Salt .- Mfg..
Pennsylvania Sugar.' $5 preferred (quar.) —
Pennsylvania Telephone, $2.50 pfd. (quar—
Pennsylvania Water & Power, com. (quar.)_
$5 preferred (quar.)
Peoples Drug Stores
"
Peoples Gas Light & Coke_^
—
Common
;
2-25
3-15
Ruberoid Co.
2-23
;
3
3-15
3-14
(irregular)
Telephone,
-Rubinstein
2-23
3-
3-13
4-1
4-1
-3-25
5-31
1
Insurance
Co.
Riverside & Dan River Cotton Mills
3-15
2-28
10c
Metal Products
Rochester
9-15
*
2-28
$1.25
$1.50
75c
$1.50
1 25c
conv.
Riegel Paper
Riley Stoker Corp.
4-15
t
40c
5%
Richardson
Rieke
;
3-20
15c
Island
Rhode
4-
50c
'
;
(quar.)————-
Co.
6-28
1
3-31
4-
$1.40
(quar.
3-28
4-
3-15
3-18
Line—
Pipe
4-15
50c
3-31
4-
Pennsylvania-Dixie Cement, 7% pfd. (accum.)
50c
Pennsylvania Edison Co., $2.80 pfd. (quar—
70c
$5 preferred iquar.)_
—
$1.25
Pennsylvania Forge Corp. ■ (quar.)—15c
Pennsylvania Glass Sand, common (quar.)_
25c
3-20
3-15
3-15
3-31
3-31
4-
10c
1
10c
2-29
3-15
3-20
$1.50
preferred
Penney
4
3-20
$1.50
(quar.)
common
(quar.)
12V2c
Quarterly
•
3-10
10-15
50c
5-
2c
2c
2c
——_
Quarterly
Natmnal
,
Welding Machine
Quarterly
3-
3-15
'25c
$1.25
50c
$5 pid.
25c
(quar.)
3-15
3-31
37y2c
$1.37 y2
75c
(quar.)
preference
National
3-10
3-20
'$1.12%
series (quar.)
preference..—
preferred (quar.) —
——
Penick & Ford, Ltd. (quar.)
_——L
Penn Electric Switch; class A (quar.)
—
1
1
1
4-15
$$1.25
7%
4-
5-
3-15
3-10
3-15
$20b
$20b
20c
$1 50
$50c
$15c
______
Pittsburgh Bessemer & Lake Erie RR. (s-al_
Pittsburgh Coal Co., 6% preferred (accum.)„
50c
(auar.)
1
4-
35c
Car——
preferred
4
3-15
1
4-
Co, '(quar.—/ 25c
Parker Wolverine Co. (reduced)________—25c
Paton Manufacturing Co., common (quar.)__
$$1.00
3-11
4-15
3-8
3-
4-
(quar.—^—
Eastern
8
3-
3-24
4-1.
Parker Appliance
8
3-
2-25
1
8
3-15
25c
40c
43%c
$1.75
(irregular)___
3-
3-24
$1.25
$1.50
$1.25
__
3-4
4-
40c
40c:'
: 50c
(quar.—
(quar.)
Paraffine Co.'s, Inc., common.
4%
1
3-23
3-15
3-15
,$25c
preferred
prior
Tel.
&
Motor
Perfect
(quar.)
3-15
Paramount Pictures (quar.)
4-
20c;
.
1
,
America—
preferred (quar.)
preferred (quar.)_
Mutual
$2
20c
$1.37Vs>
30c
(quar.)____ .:
common
3-21
(quar.)
(quar.——
preferred
5.6%
3-15
Works,
Tel
3-20
4-
5-10
Paint,
Mills
4-
1
Water
3-31
(quar.)—__________—_
Indemnity
•4-
1
Murphy
3-31
■'Extra
1
Muncie
2-19
4-25
4-25
(accum.)-
common
Investors,
convertible
$5.50
Pacific Lighting Corp.,
40c.
3-25
15c
50c
——
Ltd.,
Railway
Pacific-American
3
4-
Co.__
7
4-1
-
Otter Tail Power, $4.50 dividend
4-
Brass
8-
87y2c
Light Heat & Power, common (quar.)
preferred (quar.)
3-18
6-
Mueller
9-11
4-1
Ottawa
1
3-31
10c
$1.25
(quar.)
3-13
7
40c
.
Electric
5%
Co.,
87c preferred (quar.)—
10c
RaybestosrManhattan'
37Vbc
Rayonier, Inc., $2 preferred (quar.) ________
50c
Reading Co., 4'„i non-cum. 2nd pfd: quar.)__
50c
Reed-Prentice1 Corp., common (irregular)50c
7%
preferred (quar.)
87%c
Regent Knitting Mills; $1.$0 pfd, (quar.)___
40c
$1.6Q preferred (quar.)_
40c
$1.60 preferred (quar.)—
40c
Reliance Electric & Engineering Co.
25c
Reliance Grain, 6'/2%
preferred (accum.)__ $$1.62'/2
Reliance Mfg. Co. (III.), 7% pfd.
(quar.)—
$1.75
Reliance Steel
(irreg.)—40c
Remington Rand, common (interim)—_____
30c
$4.50 preferred (quar.)
,$1.12%
Republic Investors Fund,
67c preferred A (quar.)—
15c
6% preferred B (quar.)__
15c
Republic Steel Corp.^ common—
25c
6'A prior preferred A (quar.i—
$1.50
6%
preferred (quar.)—
$1.50
Revere Copper & Brass, 5 % 7c pfd. (quar.)_
$1.3114
17c
preferred (quar,)
$1.75
Reynolds Springs Co
:
25c
Reynolds (R. J.) Tobacco—
17c 2nd preferred (quar.)
$1.75
7% 1st and 2nd preferred (quar.)—
$1.75
.7% 1st and 2nd preferred (quar.)
$1.75
Rheem Manufacturing Co, .(quar.)_,.—__
25c
1
2-
' 1:6c
Otis Elevator, common.
67n
preferred (quar.)
3-15
(auar.) j—- \
8-
,
Aircraft,
1
5-10
(quar.)_——_—_____
&
4-
1
A
7
;
2-15
/ 2-15
3-15
4- 1
3-15
50c
$1.75
$1.75 a
50c
-Extra
■
3-14
$$1.50.
Common
6-
preferred
(quar.)
3
—$2.25
$2
5'!«
Car
Ottawa
3-20
5-10
Class
3-10
4-1
common
3-
3-
Montgomery Ward, common
1
8-
convertible preferred
Inc.,
3-10
4-
$1.50.
common
1
1
common_
4-1
2-15
3-15
.v
3-31
3-24
$1.75
preferred (quar.)—
67c
preferred (quar.)_____:___
Quaker Oats, common (qu8r.)
67c preferred (quar.)
Quaker State Oil Refining___
Radio Corp. of America—
$3.50 conv. 1st preferred (quar.)
Rand's (Pittsburgh), common__—
3
50c
_____________________
4-
1
is.-a)
2-29
,
6-
Utilities,
3-15
50c
(quar.)
(irregular)
preferred
$5.50
Omar
4-
preferred C
2-15
75c
(quar.—$1.371/2
10c
6% preferred ^quar.)_
$1.50
Omnibus Corp., common.
25c 8'f preferred (quar.)
——____________
$2,
Oneida, Ltd., common
18%c
7% partic. preferred (quar.)—
43%c
Onomea Sugar
—___________
_
20C
Ontario Steel Products, com. (interim)__—.
"$25c
77c preferred (quar.)
$$1.75
$3
4-1
$2.25
$4
3-15
3-
2-29
2-15
4- 1
3-31
*
5
2-29
2V2c
3-15
___^
(quar.)
5% prior preferred
Co.
$1.25
$1.25
(quar.)
_______
50c
Seamless Tube,
5%'pfd.
$5 pfd. (quar.)—
2-29
3-31
3-15 '
3.-15
4-15
3-15
3-15
$1.75
$2
Products-
Purcolator
Pure
1
3-15
3-15
3-15
$1.25
$1.50
25c
$1.25
50c
50c
»
Oil
3-15
3-15
Hampshire—•
(quar.)
preferred (quar.)____
Corp., common (quar.)
: 17c
1st preferred (quar.)
7"o original preferred (quarA—
Pullman, Inc.
1
:
preferred
New
77o
3
4-
of
Publication
3-
$1.75 prior preferred (quar.)__
Oklahoma Gas & Electric, 7$ pfd. (quar. —
Oklahoma Natural Gas, common (quar.)—
87%c
Montana-Dakota
'
58Vbc
(quar.)_
Public Service Elec. & Gas,
3-
—
Ohio
1-26
(s-a)
2-29
16c
Ohio Match
3-15
$4.50 preferred B
3-
3-16
5
3-15
3-20
4- Iv
4- 1
4-'' 1'''
50c
Public Service Co. of Okla.,
3
4-1
$8%c
3-20
3-25
(s-a)_
Monroe Chemical Co., $3.50 pfd. (quar.)____
Monsanto Chemical Co., $4.50 pfd. A (s-a)_
3-16
3-17
_
3-18
4-15
(Mass.)
3-10
3-31
1
common
3-16
50c
$1.25
Co.
3-31
3-31
(accum.)—
1
50c
Insurance
2-29
71 %c
75c
3-31
3-10
Life
2-29
of
3-31
3-20
Monarch
3-15
3-15
41^0
'
Public Service- Corp, of N. J.j common______
$5 preferred (quar.) ___________________
•6% preferred (monthly)_i.4,______________
6 7<>
preferred (irtonthly)_4;___
7% preferred (quar.)
8% preferred (quar.
100
4-
3-20
• •
.
37y2c"
(quar.)
2-25*
4-
of Colorado—
Co.
preferred
preferred
$6
—
(increased)
B
preferred
6%
.
3-20
—__
3-15
$5
•
2-18
•
Ohio Finance,
4-
Rubber
held
$2.50 class A
Ohio Edison, $5 preferred (quar.)
4-
Mohawk
4-1
Service
Public
4-
Ohio Confectionery,
$1.50
t30c
_____
share
each
for
com.
Sugar; ■ Co
Class
$$1.37%
——_—__
3-15
1-26
$$1
Ogilvie Flour Mills,'common (quar.)
Ohio Brass Co., class A (increased)_____
3-17
preferred (quar.)
Mndine Manufacturing
(quar.)
4-15
3-14
Ogden Corporation (irregular)—
Subject to the approval of the S. E. C.
4-
5% %
5-1
.
2c
;
3-10
3-15
4-15
4-1
4- 1
$1.25
^
(monthly)______.._.
preferred
$24.30
preferred
Oahu
4-
17o
3-10
Northwestern States Portland Cement
Pacific
$1.50
$1.75
$1?
2-25
)25c
Power, com. (reduced)___
(quar.)_—_j.^,____—_______
(quar.)
Norwalk Tire & Rubber, 7% pfd. (quar.)
6%
3-4
(quar.L—$1.25
units
participating
3-15
3-16
Ontario
Northern
3-17
2-29
3-15
f!
Mississippi Power, $6 preferred (quar.)—
Elec.
&
Northern Natural Gas
3-17
4-
(monthly)
-
preferred (quar.)
preferred (quar )..
—
.
Gas
Semi-annual
;■
11-30
Mid-West Refineries,
$5
Pacific
6%
8-31
4-1
(monthly)^'
preferred
■j 3- 3
$1.25
(quar.)___
.
'
North Star Oil, Ltd., 7% pfd.
Northern Liberties Gas (s-a)
5-31
4-
preferred
6%
3-17
(interim)——
North American Life Insurance,
7
3-
/; 4-
5%
3-24
•
5% %
3-7
4-
Public Service Co.
1
3-16
3-
preferred
National Bank & Trust (N. Y.)
50c
Co.—-
American
shares
6
3-31
3-15
4-15
4-1
v
$1.75
$1.50
(quar.)___—
(quar,).
Common/ (stock > dividend) —one
3-
6-
■A 5- 1
3-15
.
20c
Bond Trust ctfs. of int. (irreg.)
North Amer.
North
3-6
$2
—
Midland Oil Corp., $2 conv. pref.
Midvale
2-29
50c
50c
common—i__;
Products,
Steel
Midland
2-29
(quar.)—60c
preferred
S2.40
3-15
3-31
25c
30c
30c
12 %c
12 '/ac
—
3-18
3-15
65c
$1
—
,
common--
Noranda Mines, Ltd.
1
1
3-15
25c
<quar.)_„
preferred
(quar.)
preferred (quar.)
preferred (quar.)______
4-
3-31
Public
•
3-20
25c
$2%c
preferred
5%
3-20
Niagara Wire Weaving
Niles-Bement-Pond
-
$1.75
43%c
43 %c
43%c
2-29
Gamble, 57c
Prosperity Co., 5% preferred- (quar.)
Investing Corp
75c
—-v—'
—
Niagara Share Corp., $6 pfd. A
3-20
3-20 ;
25c
MpKesson & Robbins, Inc., common
14-$4 preferred tquar.)______—'—.---z—
Mercantile Acceptance Corp. of California—
,v,
3-20
4-
10c
preferred *(quar.)
_______
McClatchy Newspaper, 7% preferred (quar.)
7'%
preferred
(quar.)
7%: preferred
(quar.)__—
—
McCrory Stores Corp. (quar.)
McKenzie Red Lake Gold Mines (quar.)_■___
Common '
9
3-
3-15
•'
$62%c
7'jo
4- 1
:
_______
4-15
6c
—
New York.
3-20
3-15
$1.50,
15c
(irreg.)
& Queens Elec. Light & Power-
4-10
10c
Alkali
Newport Industries, Inc
City Omnibus Corp.
New York
4-15
35c
(Irreg.)—______
(quar.)
a
Works, common..
Asphalt
Mathieson
;
3*
3-
1
4■y:
New
3-20
3-15
$17/ac
Electric Co.
Maitlc
3-27
1
4-
,•—,—
—
&
Prudential
Jersey-Power & Light, $6 pfd. (quar.) A :
$1.50
Method Laundry, 6y2^ pfd. (quar.)___, J$1.62J/a
New
3-27
1
Inc
Procter
3-15
3-10
$$1.37%
Co., Ltd., 5'/a% pfd. (quar.)
3-15
3-10
4- 1
3-15
$5c
(quar.)
4-15
87y2c
75c,
preferred (accum.)—.
preferred; (accum.) —
England Tel. & Tel. (quar.)
—
prior lien
Price Brothers &
62J/2c
(quar.)
Mines
Dome
1
12c
< ■.
$6 prior lien
4-
(quar.)40c
$$1.50
Sons
(M.)- &
•
Master
$2
5
8-
(quar.),—$17%c
preference (quar.)__^_Maryland Fund, Inc. (irreg.—
Massachusetts Investors Second Fund (irreg.)
Massey-Harris Co., Ltd.—
$1.25 redeemable pref. (s-a)
—
'
2-29
5-
11-15
50c
25c
preferred B (quar.)
7'5
Marsh
Marven's,
England Fire Insurance-(reduced)—.—
New England Public Service—
3-20
preferred
East
1
$1
(quar.)
Preston
3-2
1
4- 1
4- 1
4-15
4-
.
1
$1.25
——-
3-20
3-16
"
6'Ac
(quar.)
5-
Dock—
New
2-25
5-15
$b
.
Consolidated Manufacturing (quar..)_
Oil Corp. (quar,) —
:.
common
8
3-
6
—.r-
Shipbuilding & Dry
(quar.)
——
Bedford Storage Warehouse
New
3-15
Margay
Tel & Tel,
Newport News
$5 preferred
2nd
cominon__
preferred
4-
60c
37y2c
,
Corp
Newmont Mining
3-15
(P.
Maritime
3-1
2-29
2-21
3-15
preferred (accum.) ______—$6
R.) & Co,; preferred..,
f),;r26%c
Mangel Stores, $5 preferred (accum.)——
$1.25
Manisehewitz (B.) Co., 7% pfd. (quar.)—-.:':;
$1%
Mapes
Newberry
4-
prior
6'r
Mallory
4
3-15
(irregular)
Co.
3-
5%
;
Holders
Payable1 of Reo.
share
(quar.20c
25c
4-
ft
20c
(accum.)
(J, J.) Co. (quar.>_^—
3-20
3-15
Insurance
Car,
1st
3-31
25c
j"
(quar.$1.18%
$2 class A
Mur,
3-15
50c
2£c
15c
$1;50
$1'.50
& Co. (quar.)
,—
Magma Copper Co
'
_____
.
Magnin (I.). Co., common (quar.)_
6%- preferred
(quar,) __—•
6%
preferred (quar.)
—
—
Q'o
preferred (quar.)
H.)
(R.
Macy
Nestle-Le
(quar.i—______
common
preferred
4%</>'
4
3-15
$$1.25
$5c
•
Brothers,
Neisner
;
3—31
3-
3-15
25c
Metal Products (quar.
Structural Steel,. 5% pfd.______
Macassa
Mines, Ltd.
(irreg.)________:_«-__Lyon
3-31
3-15
25c
(irregular
Co.
Lunkenheimer
..
Steel
5%
3-31
$1.31'A
(quar.)——
Pressed
7
3-31
12y2c
common.....—
preferred
1st
$5.25
4-15
5'V preferred ($100 par) (quar.)—$1.25.
Ludlow Manufacturing & Sales__
$1.50
MacKinnon
3-31
4-15
Corporation,
Nehi
1*
3-
4-25
31'/4C
tquar.)
par)
11-20
3-15
371/20
(Ky.), common—_—
Elec.
Louisville Gas &
11-20
12-
preferred (quar.)—
____
Participating
___________
Louisiana Land & Exploration (quar.10c
8-21
3-
3
4-
Refining—
25c
National Supply, $2 preferred
(accum.)
.
oOc
6%'. prior preferred (quar.)i_-__—$1.50
5Wo Pfior preferred (quar.)-——-:—— , $1.37J/2
Naugatuck Water (irreg.)
75c
8-21
9-
75c
.
Accident
Preferred
3-15
3-14
$25c
(quar.
Corp.
When
Per
Name of Company
of Rec.
4-15
National Sugar
5-20
9-
Steel
When
Payable
(quar.)
National Steel Car, Ltd.
^'National
5-20
1
6-
;;
4
3-
3-15
25c
$1.25
25c
$1.25
25c
$1.25
25c
Lpnghorn Portland Cement, common—
Name of Company
of Rec.
Holders
Per
share
'
.
Holders
Per
share
■'
Name of Company
y^g:iiv^V-;V-/Wonday, March 13, 1944
CHRONICLE
COMMERCIAL & FINANCIAL
THE
5%
:
'
common
(ouar.)__
;
(interim)
_
,'.
South West Pennsylvania Pipe Line___
.•
1
2_ia
3-15
3-15
3-15*
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4263
159
Per
Haute of Company
Southern California Edison
v;: 5% 'original preferred
5Va.%
-Southern
6%
C
preferred
California
1
(quar.)
Edison
6%
Canada
preferred
_________—-
Co.—
Power,
-Southern
Natural
Southern
New
Telephone
Phosphate Corp.
5'/'
3-
non-cum.
preferred (quar.i.,
preferred (quar.)__________
5% non-cum. preferred (quar.)_
___—
.'Southland Royalty Co.
_—
.
—
$6
preferred
(quar.)__
Southwestern Gas & Elec., 5%
Southwestern Life Insurance
/
pfd.
$1.25
(quar.)_
(Dallas)
(quar.) v
j
1st preferred —'
.Sparks Withington Co., 6%
$1
$1
_'
3-11
U.
S.
8-15
U.
:
Square D Co., common
3-
Printing & Lithograph—
5% preferred (initial)
(quar.)___________
U. S. Rubber Co., 87/
hon-cum. preferred
U. S. Sugar Corp., $5 preferred (quar.)
2
$5
1-12
4-
10-
preferred
GA'/r
U.
5
6
S.
7%
3-
1
United
4-1
3-15^
Universal Cooler,
Rope Corp. (quar.) ___________
$1 class A common_______
50c
3-31
3-lti
Universal
Laboratories, $2.50 preferred—:
4-1
3-31
Universal
Products
"3-11
5-1
5- 1
3-20
2-29
4-15
Utica
Co.,
prior pfd.
50c
3-15
2-15
25c
3-15
2-15
Co.
(Indiana)
_
(quar.)___
Extra'
4- 1
3-20
1
3-20
3-31
3-18
Virginia Elec. & Power, $6 preferred
4-
...
30c
Statler
,
:6%
S.)
Hotels,
3-15
3-
4
6 7f
75c
3-30
3-17
6%
30c
37]/2c
,3-15
3-31
15c
tl5c
3-28
4-1
3-20
160c
Starrett (L.
4-
1
3-20
t75c
20c
4-1
3-20
3-31
3-20
75c
Co
(initial)
common
preferred
—
Stayton Oil (quar.)
Stedman Brothers, common
_______
,
(quar.)
Extra
6%
preferred
conv.
Steel
;
(quar.)
Products Engineering
•Strawbridge & Clothier, 5%
pfd.
$5 preferred (quar.)
Studebaker Corp. (irregular)
Consolidated
Sullivan
industries
Sun-Glow
Oil
(quar.)
___________
Co.
Class B
<quar.)
Wacker-Wells
Wagner Electric Corp.
Waialua
4-1
3-10
3-31
3-16
Walker
•
3-31
Common
4-15:
-/
3-31
$1
3-15
3-15
3-15
2-25
3-
Sutherland Paper Co. (quar.30c
./Swift.&.Co. (increased quar
40c
'Sylvania Electric Products (quar.)__—,—___
25c
3-15
3-
4- 1
4-1
3-
t3c
common (irregular)
50c
Common-(irregular) _________50c
Comm'on (irregular)
50c
•Tacony-Palmyra Bridge, class A (irreg.)——
20c
y
5% preferred (quar.)
$1.25
-..Taggart Corp., $2.50 preferred (quar.)
62VaC
4-15
5-15
.
,
Sylvanite Gold Mines (quar.)__j_.__
Syracuse Transit Corp.,
_____———
-Talcott
Co.,
(James)
common
(quar.).
Preferred
„
(quar.)
__—.___
______
'
1
Waukesha
S3
Co..
Shovel
T'c
77'c
11-15
Extra
"
,
3-15
Unexcelled
Union
'4$
•
Aircraft
United
V
5'e
Artists
United
6'r
Fuel
7r»
6 %
prior
United
(quar.)
Co.
6-
1
5-15
Reserve
8,510
3-151:
2-25
Cash
25C
4-
1
3-15
4-
1
3-
4-
3-20
1
4-
$ $ 1.75
1
1
8-15
t$1.75
4-
Power,
Western Tablet &
Ltd. (quar.)—
Corp., commonpreferred (quar.)
:
1
4-1
3-
1
Wilton
8-10
11-10
7<^
S.
Gov't
week
(In
„
Gold
certificates
due
from U.
on
hand
19,257,825
Redemption fund—F. R, notes
246,419
328,834
3-17
cash
Total
reserves
19,833.078
4-
1
3-18
$1.25
4-
1
3-22
Discounts and advances
4-
1
3-22
Industrial loans
10c
3-20
2-29
J25c
4-
1
3-1
$1.75
.
4-
1
3-17
1834c
(quar.)_
;
5-15
4-29
18+4
(ouar.)__
8-15.
5-
1
—
$1.50
3-15
2-29
3-15
3-
$1.75
3-15
2-29
2,725,040
889,700
_____
7%
Wiser
——-
Elec.
Power, 6%
pfd.
Oil
pfd. (quar.)_
______
(quar.)___
_■
1
1
8-
1
7-15
11-
1
10-16
11-
7-15
1
10-16
4-30
4-15
25c:
Wood
3-
1
Woodley Petroleum
3-
4-
1
4-
1
3-11
6
(Alan)
Woodward
17'-
Steel
&
Co.,
4V27'o
cony,
prior
3-15
$1.25
(accum.)._
&
,3-31
3-15
3-28
3-1Q
$1.75
A
3-28
3-16
$1.12 y2
3-15
3-
(quar.)__________L_
preferred
Mines,
A
$1,121/2
Ltd.
(reduced)__
$1
4- 1
3-15
•Transfer
$1(4
7- 1
6-15
■••Payable
Corp.—
tPayabie
3-
3
resident
books
in U.
in
tax,
not
S.
closed
funds,
Canadian
15%;
4-
1
205.447
+
40,669
61,290
—
—1,020,575
14,785
+
—
139
43,147
+
3,533
—
+
370,681
+
28,800
5,000
—
+ 5.391,856
1,304.165
+
201,575
—
10,150
+
555,464
+
404,631
+
5,938,982
from
R.
foreign
notes
+
419,277
Uncollected
Bank
12,090,768
banks
136
of other banks
67,586
items
1,561,631
'r;.v
premises
Other
Total
—164,852
35,022
assets
+
4.898
33,662,889
assets
89
+
24,944
+
200,466
•■
—-.
74,668
Liabilities—
+ 5.978,590
+
6,931:
—
+
191,102
4,089
18,221
—
.+
5,161,204
+
4,737.763
.
Federal Reserve notes
17,443,099
+
104.154
12,383,079
+
3,343
268.814
1,568.034
+
128,759
337,087
14,557,014
Deposits:
Member bank— reserve acct—
Treasurer—gen. accts._
Foreign
738.549
—
264,006
+
6,442
+
+
97,021
+
54,425
+
222.681
+
251,096
671,214
deposits
Deferred
availability
items
1.214,374
—141,463
+
4,935
+
2,496
+ 190.307
+
5,122,832
68
+
9,465
+
27,686
.
131,477
3-15
1
JV. 2-24
3-15
2-15
1
2-25
4-
4-
25c
3-15
CO
1
Other
liabs., incl. accrd. divs..
Total
liabilities
Canital
-
33,225,495
+
Accounts-—
in
(Section 7)
Surplus (Section 13b)
Other capital accounts
Capital
11,008
156,378
188,097
paid
Surplus
.
*
26,965
65,954
+
+
+
727
'•+.
136
1.085
tax.
for
this
less 15%
funds,
resident
3-15
$1.37'/2
:
income
4
1
50c
(quar.)
Jamaica
3-
3-15
4-
J6V4C
Youngstown Steel Door Co.__
30%
,
$1.50
common
—1,185,353
19,822
4
$1.75
p
(quar.)—
Wright-Hargreaves
Less
Total loans and securities
Due
F.
Total
____________
4,277
+
—
+
Other
(quai^)__—IT'
(quar.)___
Youngstown Sheet & Tube,
x
6
Machinery Corp.—
preferred
preferred B
2-29
3-
10c
prior preferred
Mar. 10, '43
12,029,093
(incl. guar, sec.)—
U. S.
preferred
3-13
3-17
50c
(quar.)__
common
(quar.)
7%
5Vz 7n
pfd.
(quar.)__
Lothrop,
preferred
4 Vi7o
7%
1, '44
45,745
—
Total U. S. Govt, securities
3-11
15c
;
3
3-15
3-15
5-
$1
'
8-
$1
$1.50
Light, 6%
preferred "(quar.)____
Extra
3-13
4- 1
$1
$1.50
_a__
Mar.
1,696,621
2-29
3-30
6.717,732
Bonds
4-15
$1.50
9,780
Certificates—
4-15
$1.12 V2
51,895
,Bills__»_n
7-31
0.
$1.50
_■
Increase ( 4-) or Decrease
(—) Since
.??•
U. S. Govt, securities:
Notes•
v,
3-10
(auar.)____
3-15
48
and
S. Treasury
Other
Wisconsin Michigan Power, 4V27'c pfd. (quar.)
Wisconsin Power'&
4- 1
97
dollars)
■
75c
-Extra
of
Mar. 8, '44
$1.75
(quar.)
preferred
thousands
Assets—
7
3-6
4- 1
11
26
Reserve Banks Combined
3-
3-15
3-31
53c
1.026
+
Statement of Condition of the 12 Federal
3-18
Wisconsin
58(4c
+ 150
;+
(Chicago District).
3-18
3-15 \
(Del.) —
904
9,098
13,303
23 figures revised
1
3,-31
3-10
1,022
17
•
accounts,
1
Quarterly-
4- 1
10c
U.
1
3-31
"
and
4-
3-20
4- 1
+
deposit accounts except
4-
Extra
1
+ 425
—430
77
4
Extra
6
4
398
831
.
4-
25c
preferred (quar.)
preferred (quar.)___
$5
Worthington Pump
■
3-
Quarterly
75c
—
3-7
4
50c
preferred (quar.)—
1
4
3-
50c
4-
3-20
4-
—
'fe
8,483
■
——
3
4- 1'
4-15
50c
banks
demand
to
*Feb
3-15
3-
3-15
—___—_________———
3-
1 "...
3-
1
.
;
Foreign banks
-
■
12,089
$1.75
^
;
:Winstead Hosiery
3-15
4-
3-15
3-10
'
6,344
2-15
4-1
3-15
841
+
52
+
32,327
$1
(quar.)
!
Crampton Corp.—
preferred (quar.)___—.
conv.
:
(monthly)
'
$1.25
(quar.)
Railroad
Winters &
conv.
.,v.$1.25
(monthly)
-
3-15
3-15
( 3-25
.4; 4- 1
54
—
2,174
deposits-adjusted
3-22
3-15
25c
Wilcox-Gay Corp. _•
Wjlsil. Ltd. (auar.)
7%
3-
V
Co
preferred
3-20
4-1
$20c
—
3-
2-28
/
,
Steel
Motor
G'o
2'/2C
$1 y4
25c
1
(George)
conv.
4-1
4- 1
.
domestic banks
deposits
3-28
SI
(Win.), 7%
3-15
439
—
3-15
1
25c
Stores,
3-15
:
3-15
1
4-
(quar.)
Wieboldt
25c
(quar.)—
1
4-
—
Inc.
3-10*
3-15
(monthly)„———
(irregular
2-25
4- 1
______
partic. preference
Co.
3-20
$1.50
52
__
4-
20c
Brake______
3-15
3-15
75c
$1.50
(s-a)__
Stationery, 5% pfd. (quar.)
Air
Whitman
;—75c
(quar.)—
common
(Toronto)
2-25
50c
3-10
_____
Texas Utilities.
Westinghouse
$5
common
While
4
15
3-13
3-25
t$1.20
Exploration
3-
180
—
3-15
3-30
25c.
;
Western
Penn
3-10.
8-15
.,11-15
3-15
1
$1.75
__
(quar.)
(irregular )
$6 preferred (quar. 1
& Paper (irregular)—
3-15
5,147
13
Light—
prefer re d (quar.)
Electric, class A
Co.
5-10
1,628
+
'
7%
Assurance
5-15
4,042
+
19
—
506
Government deposits
Interbank deposits:
3-15
Western
1
—
+
50
+
—
3-15
1
West Virginia Pulp
3-31
Time
3-20
3-31
West
25c
Demand
1
during
(s-a)
1
,
Balances with
8-11
Insurance
West Penn
■
Federal Reserve Banks
vault
in
Domestic
(increased)
Whitaker Paper Co., common
7% preferred (quar.)
4-
with
U. S.
1
3-
securities
34
—
5,727
396
—
3-18
3-15
9,043
18,541
45
172
—
+ 190
clears
1
(qua.r.)_.—12(4c
preferred (quar.)—______
National
+
indebtedness
Liabilities—
3-
3-
5(4
Non-cum.
2.857
50c
3-: 3*
1
5(4
United
Other
$1.75
4-
Merchants & Manufacturers—
Common
5-15
of
——
,,
.
West
125c
(quar.)——
preferred
1
50c
3-15
Investments, Ltd.—
preferred
6-
$64.75
3-1
17(40
J$1.75
(quar.)——
Light & Railways Co.
prior
1.739
$1.50
—
(payment
50c
(quar.)
Circuit—
6.36'-prior preferred
Obligations guaranteed by U. S. Government
$2.50
Snowdrift-
&
6To
y United
3-20
4-
4-1
10c
—
(quar.)——.;——————
preferred A
3-27
::
18c
Oil
Wheeling
—
(quar.)
common
'United Illuminating
Treasury notes
U. S. bonds—!
Interbank
3-15
$1.12.,/4
(quar.)
Carbon———..
Theatre
preferred
3
3-18
3-15
(quar.)__—'
Products,
Treasury
4
4-
3-1
preferred (s-a)——-——-—
TTnUprt
4
3-
$1.25
_•
+••
159
3-
+
25c
4-1
$1.25
3-15
■
25o3-15;
certificates
+
3-13
Debits
3-15
.
3,848
3-15
50c
'
(quar.)_,
35c
pfd. (quar.)_
bills
87
—
•
6
—
3-15
25c
/
3-10
32
20c
'
West Kootenay Power &
2-28
3-9
3
102
Treasury
2-19
$1.75
,
Co.,
3-
16|
1,089
1,222
3-15
tl2'4c
t5c
(annual)
Insurance
RR.
8
719
79)
302
■
loans
25c
Weston
_______
Manufacturing
Pnc'fic
2-
759
—--1
loans—.
50c
Common;
Westmoreland Coal
—
&
3-15
+
1,042
Borrowings
Westmoreland.
'
Carbide
Other
8-15
3-20
i25c
25c
common——
4_._,—
20c
7'r
preferred 1 quar.)
$1.75
'Truax-Traer Coal, 5(4Vf preferred (quar.i—
$1.37(4
•Tubize Rayon Corp., common
25c
I'r preferred (quar.)-—_——$1.75
Tuckett Tobacco, Ltd., T/o pfd. (quar.)
$$1.75
Twentieth Century-Fox Film, common—..—
25c
<
$4.50 prior preferred (quar )——:2—,
$1,12(4
$1.50 conv. preferred (quar.)_
37(4c
Twin Citv Rapid Transit. 7% pfd. (accum.)_
$1.75
Union
2-11
5-15
3-10
Co
Salle Street
3-15
2,018
pur*
banks
to
5-31
3-15
Quarterly
Quarterly
Trion Company,
South La
Loans
8-31
'
208
2-11
Wellington Fund (irregular)
1
'
VTwin Disc Clutch
3-15
$1.75
Wellington Fire
3-10
for
$1.75
(accum.)___.
pfd.
Weinberger Drug Stores
3-10
3-
estate
11,820
625
Other securities
2-15
$1.75
4- 5
preferred (quar.)
Universal
3-10
3-15
dealers
Government obligations——.,
Other securities
Real
preferred (quar.)
175c
Roofing Co., common (quar.)
conv.
preferred (quar.)
Trinity
1
+
+
,.
6,394
Other loans for purchasing or carrying:
U. S. Government obligations—
3-i5
Grape Juice Co.—
7% preferred (quar.) —
.
;
1-
■
Toronto General Insurance
4-
3-1
A
6
and
-135
carrying:
or
U. S.
7%
3-10
ft*
——___________
Tip-Top Tailors Ltd., common
.
3-25
$1.12 '/2
!___
(accum.)
3-10
$1.40
7''
7%
50c
$5 conv.
Axle
3-20
brokers
chasing
23
+
11,535
Sliyc®
3-3-43
agricultural
■
to
Loans
2-19
2-19
30c
'
industrial, and
2-23-44
53,290
loans
t25c
Fixture Co.^—,
7-
—
Timken-Detroit
preferred
3-15
3-15
investments—total-.
Commercial,
3-31
4-21
20c
3-1-44
and
t$l
•_
preferred
1st
Eisenlohr,
3-
;Tide Water Associated Oil, $4.50 pfd.
•Tilo
3-31
1
Welch
3-17
■
___'
Common
.
4-21
$4.50
"all arrears)——
3-15
1
partic.
Webster
3-15
Canadian General Investm't Trust___.
Thompson Products,
■
$1
^
(quar.)—
common
Weber Showcase &
—$2
8-15
3-?9
commoir
preferred (quar.)
Third
Loans—total
3-
50c
(quar.)
7-15
—
preferred (quar.)——
Thew
4-10
3-14
Increase ( +) or
Decrease (—)
Assets—
50c
Wayne Pump Co.
3-21
10c
—_____
common
4-20
50c
(irregular)—
(quar.)
10c
(quar.)
Land
&
Co.,
Loans
25c
Motor
1
30c
Sulphur (quar.)
Co., 6 fo preferred
preferred (quar.)
Oil
3-10
preferred (semi-annual basis)—
Washington Water Power, $6 pfd. (quar.)
4-15
—
Gulf
Texon
.
3-20
(quar.)
30c
preferred (quar.)—
Texas Water
•Thermoid
7-15
5%
4
4- 1
4-1
4-1
3-15
Mills
3-15
3-24
3-31
4r 1
' 4-1
3-15
Temple Coal, $6 convertible preferred______
'Tennessee Corporation
Texas
1
(quar.)—.—
35c
25c
25c
10c
50c
50c
—:_
'
Tennessee Products,. 8%
Texas Company (quar.)
8-
dollars)
4-15
Wesson
Tappan Stove
Telephone Bond & Share—
Vk 1st preferred (accum.)
.
1
$1%
—
■
participating preferred (quar.)—___
Tamblyn (G.) Ltd., common (quar.)__
Co.
millions of
(In
$l Vt
preferred (quar.)
& Swasey Co.—
^
Warren (S..p.) Co. (irregular)
Washington Ry. & Elec., 5'4 pfd. (quar.)
2-21
3-15
4-
10c
68%c
t20c
$62V2c
25c
5(4 %
preferred
■
^
5-
Warner
2-25
6- 1
9-1
" 12- 1
3-31
5-1
4- 1
.
1
2-28
7'4
.
3-15
tic
3-
reporting member banks.
summary
3-13
—
Ware Shoales Mfg.,
4
4-1
68%c
5
50c
(quar.)
Wamsutta
•3-4
,Superior Steel Cdrp.u_i_—30c
Sunray Oil Corp., 5xh.7o conv. pfd. (quar.)—
Sunset: Oils Ltd.________——
3-
Government
of the principal assets and liabilities of
reporting member banks, and of debits to demand deposit
accounts, follows:
'
3-21
3-15
A
3-20
(irreg.)
preferred tquar.)
Gooderham & Worts—
(Hiram)
4-15
10c-
__________
3-31
at all
37V2C
Walgreen Co., 4(4r'/c
2-15
8
3-23
Waldorf System (quar.)
3-15
8
3-
States
Deposits credited to domestic banks increased $56,000,Chicago District, $51,000,000 in New York City,
in the Cleveland District, and $150,000,000
1
3-
1
3-15
(quar.)
Agricultural
3-
1
4-
United
banks.
000 in the
$1.50
■
3-22
3-1
(quar.)
3-15
4:+
member
$28,000,000
62'/2c
(quar.)
Building
3-10
3-15
Co.
1
25c
Extra
1
3-1
Mining
12-
25C
WJR,
■
3-10
37j/2C
common
4-
25c
37%c
:.+• ZVhe
1
9
$2.50
________
7% preferred (quar.)
The Goodwill Station (quar.)
Wabash Railroad Co., common4Va'4 preferred (annual)--.
-
3-15
3-31
4-1
Sunshine
Co.,
3-31
25c
(quar.)__
—___________
Sunset-McKee Co., class A(quar,|__-„__—
►
Detinning
t3c
12V2c
(irregular)
Extra
Sun
Vulcan
1
Sec
___________
Mines
9-
12-
$2.50
1
:
preferred (quar.fpreferred (quar.)
$1.25
(accum.)__
(s-a)__
com
(quar.)
common
$1.25
Sterchi Bros. Stores Inc., 6%
<
;
(quar.)
1st pfd. tquar.)
3-
1
9
—
40c
:
6-
9-
•
$138,000,000 in
deposits declined in all districts; the total decrease at all
reporting member banks was $430,000,000,
3-10
■
6-10
50c
Virginian Railway,
1
3-20
$1.75
—
reporting
9-21
12-23
4-
increased
deposits-adjusted increased $239,000,000 in
City, $96,000,000 in the Chicago District, $54,000,000 in the Cleveland District, and $425,000,000 at all
6-21
2
25c
Victor Chemical Works (irregular)...,
Victor Equipment, $1 conv. preferred (quar.)
Viking Pump Co
31'/4C
7-1
10-
bills
Demand
3-22
1-2-45
of Treasury
New York
2-29
$1.75
■
Vicksburg Shreveport & Pacific,
5 7'c preferred (s-a)
_____
4
3-15
$1.75
Veeder-Root !
"Standard Wholesale Phosphate & Acid Wks.—:
"
(quar.i__
3-31
!
3-
$1.50
—
•_
preferred
2-25
31 Vic
1
3-15
1
declined
reporting member banks.
1
3-
62V2c
'
•
3-
3-15
62 '/2c
:
3-31
^Standard Screw
Common
7'/<
3-15
62'/2c
;
3-15
.
,
4
8
c
62V2C
(quar.)
4-15
4-15
(interim)—
3-
4-
purpose
City, $61,000,000 in the Chicago District, and
$159,000,000 at all reporting member banks, and declined
$27,000,000 in the Boston District.
Holdings of Treasury
notes increased $36,000,000 in the San Francisco District,
$25,000,000 in the Chicago District, and $50,000,000 at all
2-29
3-14
,•
same
New York
3-15
10c
(quar.)„_
25c
pfd. (quar.)
3-15
25c
preferred (quar.)
preferred (quar.)___
77c
3-
62'/,
$1.25
$1.06!4
(quar.)_
(Ohiot, 5%-
'7%
3-15
25c
,
prior preferred' (quar.)
Valve Bag, 6% preferred (quar.)
Van Norman. Co
•
Vapor Car Heating,
4-
20c
3-15
Participating conv. preferred
•
5'a
preferred
1
$15
40c
4-1
4- 1
4-1
$4(4 preferred (initial quar.)
Standard Paving & Materials, Ltd.—•'
.
(quar.)
Co.
4-15
;
Holdings
3*
15c
t$3
standard- Oil Co.
:
'
Y.)
5%
Standard Oil of Kentucky
v
■
(N.
(quar.)
1
Standard Oil
•
Co.
Upson-Walton Co.
Utah Oil Refining (quar.)
3-20
7-
6
3-x5
3-20
7-15
other loans for the
3*
3-
$1.13
(accum.)
4-
3-15
(quar.)______
$1.12v9
Knitting
4-15
43 %c
Trust
3-
(irregular)
$79,000,000, both largely in New York City.
6
3-15
of California
000,000 and
5-26
5-25*
prior
Oil
3-16
9
$1.25
prior preferred (quar.)_
Standard
1
6-
3-
5%
preferred
4-
6-10
&. Wire
.
4
3-15
non-cumulated preferred
Wire
3-
30c
5%
6'/a%
Loans to. brokers and dealers for purchasing or carry¬
ing United States Government obligations declined $67,-
3-16
40C
3-10
-Standard Fuel,
3-16
s;
(quar.)
(quar.)______
$ 1.12Va
Standard-Coosa-Thateber Co. (quar.)—50c
Standard Fruit & Steamship, $3 pfd. (accum.)
75c
•
1
3-27
$1.25
United States
preferred
4-
common
Cq.,
2-15
$4.50
1
1:
$2
United'Steel
—____
8-31*
11-29*
4-
Federal
March
62 >/2C
(quar.)
preferred A
Tobacco
3-15
Inc._
9-20
12-20
50c
■
25c
Standard Brands,
4-10
5-31*
$1
6
(quar.)
ended
2-29*
6-20
50c
3
Squibb (E. R.) & Sons, common.,
50c
$5 preferred Series A (quar.)
_____
$1.25
$4.25 preferred B (quar.$1.0014
Staley (A. E.) Mfg., $5 preferred (quar.)_—.
$1.25
.
V
Potash,
3-
_________
convertible preferred
5%
j
3-10
3-20
the
cities shows the
S.
3-15
3-15
•
1
5-15
4oc
'
3-
3-15
4-
40C
^
3-15
.
3-15
40c
■
'Extra
2-15
1
of
Reserve System in 101 leading
following principal changes for the week
Increases of $159,000,000 in holdings of
Treasury bills, $190,000,000 in reserve balances with Fed¬
eral Reserve Banks, $425,000,000 in demand depositsadjusted, and $150,000,000 in deposits credited to domes¬
tic banks,
and a decrease of $430,000,000 in United
States Government deposits. •;
3-15
4-
banks
3-11
1
50c
$1.25
__
"
$1.50
Spencer Trask Fund
;
:
Spiegel, Inc., S4.5C conv. preferred <quar.>_
Springfield Fire & Marine Insur. (quar.)
'
'
(quar.)
3-30
i
40c
(quar.)
(quar.) _J(
Playing Card (quar.)
S,
5-15
10-16
common
The condition statement of weekly reporting memb>
1
$1.75
(quar.)__
Common
U.
3-
4-
40C
(quar.)
Common
3-16
3-15
50c
common (quar.)
12'/2c
pfd. (quar.)
conv.
'
Foundry,
&
3-20
1
$1.75
Co.,
prior preferred
Common
2-28
4- 1
4-14
4-15
35c
;
Spalding (A. G.) & Bros., 1st preferred
Pipe
3-20
4-
15c
Y.)
Gcndilion Statement of lemkr Baitfis
of Rec.
50c
(quar.)—
Leather, 7%
S.
3-31
4- 1
$1.50
/
(N.
Gypsum
preferred
S.
U.
Southwestern Associated Telephone—•
,
States
Co.
Holder 1
4-10
$2.50
Convertible partic. class A (irreg.)
3
4- 1
3-15.
6-15
9-15
3-15
$2
$1.25
$1.25
$1.25
10c
,L__
U.
2-29
3-31
Guarantee
7 r/c
3-20
4-15
_■
10c
<common_J
4-20
3-27
I$1.50
lquar.
_—____—,
non-cum.
5%
3-13
S.
United
2-20
Co.__
Railway Co.
3-20
3-15
5-15
4-15
3-15
50c
Pacific
Southern
4-15
4-15
37y2c
: $20c
$$1.50
$1
—
Southern
Southern
■
+
(accum.)
Gas
England
3-20
25c
(quar.)—
pfd.
When
Payable
(quar.)
United Printers & Publishers, $2 pfd. (quar.)
U. S. Graphite
L
.
U.
'
Colorado
Per
share
Name of Company
of Rec.
United N. J. RR. & Canal
»
■
common
(quar.)
Power, 7%
Southern
Payable
.
37'^c
34%c
(quar.i
preferred Class B (quar.)___
.'Southern
•
*,
Holdert
When
.
'share
,
Co., Ltd.—
1C79 ;~
tax,
Total liabilities & cap. accts.
dividend.
Canadian non-residents'
tax
7%.
deductible
a
Less
at
the
British
Ratio
tax.
source.
income
Non¬
tax.
33,662.889
+ 191,102
+
5,161,2G\
of total res. to deposit &
F. R. note liabilities combined
Commitments
trial loans
to
make
:
62.0%
—
.8%
—
15.2U
indus¬
10,433
+
125
—
1.432
1080
Conn.,
Foreign Exchange Rales
Section >522 of the Tariff Act of 1930, the Federal Reserve Bank is now
tifying daily to the Secretary of the Treasury the buying rate for cable transfers in the different countries
world. We giv^below a record for the week just passed:
.
FOREIGN EXCHANGE RATES CERTIFIED BY FEDERAL RESERVE BANK TO TREASURY UNDER TARIFF ACT OF 1930
MARCH 3 TO MARCH 9, 1944, INCLUSIVE
v;
Official
V/' /
;■
; '
'•%y.
Official
England, pound sterling..^.-
Free....
'
Period End. Jan. 31—
■
/•
7 set March
March
on
17
12Mos. '
1944—Month—1943
"
,
r/
/893906
.572766*
.301215
■
.909.090
.909090
.301215
.890625
.891458
—:—-
.205820
.890625
Uruguay, peso—./
Controlled
/J-' 3.244203
3.980000
.658300*
.529540*
■
Noncontrolled—
.909090
.909090
/;
yd
.529540*/
*
3.980000
3.980000
160,059
$332,078
$4,305,263
'T,844,796
deductions
Net
Accrued
dividend
preierred stock
cumulative
6'/a%
on
$2,075,146
applicable to common stock__—
.658300*
.658300*
Balance
.529540*
.529540*
♦Includes Federal
$386,720.'
taxes,
•
Hearing March 16—
rate.
$2,460,466
385,320
income
.529540*
/
$4,144,604
15,375
$361,976
.658300*
.529540*
$316,703
968;
income
Income
3.244203
3.980000
c
3.244203
.658300* '
•
operating revenues—
.891250
.891250
3.244203/-%/;
3.980000
.658300*
Net
Other income
Gross
3.244203
3.980000
;—
$837,928 $10,719,272
521,226
6,574,669
'
•
3.244203
....———.—
Africa, pound——
••
.205820
.909090
.890833
revenues
.572766*
,301215
.205820
.205820
$937,856
577,028
$360,828
.893750
'
4.035000
'
'
:
.301215
.205820
<
4.035000
4.035000
;
.
.572766*
.572766*
/'
.301215
'
.893750
.893359
.
4.035000
Operating
Operating revenue deductions
'
.572766*
,
4.035000
.909090
.900090
.909090
'
.909090
-
■—
;—
♦Nominal
Commission
Service Co. (& Subs.) —Earnings
Southwestern Public
-
.—
pound
Exchange
and
Prop-f"
Sell
to
on
.051275*
.205820
——
...
—
South
of
.051275*
Time
V;-'-,:;Vvf.'"*■■
Securities
hearing
a
.060586*
.051275*
;
.060586*
-
,893125
-
.301215
'
Union
.909090
4.035000
-
Mexico, peso.......:
Newfoundland, dollar—
New Zealand,
.909090
.572766*
«.—r-
Official....
.051275*
.893281
'
___
Colombia, peso.
India (British), rupee..
.051275*
3.228000
3.228000
.060586*
.060586*
.909090
,
L
;
Free..,.
.060586*
.251247*
.251247*
Co.—More
Gas
the company's application for another six months,
effective Sept. 19, in which to comply with an order to dispose of
properties in Texas and Oklahoma;—V. 158, p, 2621..
"
3.2281)00
3.228000
.060586*
for
.
,
Union
—•
.
•
v-
.251247*
,051275*
-—
._
Canada, dollar—
.251247*/
3.228000
3.228000
/
Free_
,297733*
.251247*
159, p,'976.
The
.297733*
'
'1297733*
.297733*
.251247*
Australia, pound_-___>__™—
Brazil, cruzeiro—
Official—^—
.297733*
/
;
.297733*
i—
—
$
1943
1944
1943
erties-«
March 9
/'"/#,
V.v/!./-/•'/ •'■.i $
■;
!%///:<;' S
4th Week of Feb.-- —Jan. 1 to Feb. 23—.
1944
$7,716,089V $6,875,614 $54,801,904 $30,92C,022
earnings L~——
Southern
March 8
March 7 ,■/"
March 6 ; ;;
March 4
March 3
'
f
%%%
Ry.—Gross Earnings-—
>
—V.
to filf vacancies caused by the
James Lester Goodwin.—V. 159,
V;;V
yyy '
Gross-
and
Farnam
W.
'.'."v
Southern
New York
Buying Rate for Cable Transfers in
Value in United States Money
Country and Monetary Unit
''
cer¬
directors
elected
Thomas
.
of the
Noon
Argentina, peso—
774.
p.
the requirements of
Pursuant to
..
of
been
have
deaths
The
'
,
,
proposed sale of Gulf Public Service Co. to G. C.
for $4,660,000 will be considered at a hearing
Securities and Exchange Commission March 16.—V. 159,
company's
Hyde of Dallas, Texas,
Net
ry.
:
(Continued from page 1044)
normally used in the company's regular business, is .presently idle."
No provision was made for possible renegotiation for the quarter, as
the management does not believe that such refunds, if any, will be
income—
oper.
♦Deficit.—'V,
1943'
■
$333,422
172,557
80,789
$122,470
20,393
$169,876
45,205
62,062
10,600
,
Feb. 29.'44
Sales
:
amount.
substantial
of
1,128,682
Ad valorem.:
$5,032,036
2,137,086
88,072
1,830,000
109,808
operating income-————-——railway operating income
—
Railway
corporation has called for redemption as of April 1, 1944, a total
of its outstanding sinking fund gold 5%
debentures
series A, due March 1, 1959, at 100 and interest,
Payment will be
made "at The Cleveland Trust Co., successor trustee, Cleveland, Ohio.—
Other
88,752
$922,364
30,485
$888,125
30,772
Federal
Other
The
of
$4,935,222
2,683,873
90.496
income
Federal
1943
1944
Month of January—
Railway tax accruals:
Inc.—$300,000 Debentures Called—
Retail Properties,
Statement
Income
Railway operating revenues..———Railway Operating expenses
amounted to $2,440,738 and
total current liabilities $1,102,748.
Profit and loss earned surplus on
Dec. 31, 1943, was $1,527,639, compared with $1,342,287 on correspond¬
ing date a year ago.—V* 159. p. 976.
Dec. 31, 1943,
-■'si Total current assets as of
Condensed
Total
$952,849
321,506
$911,897
$631,343
28,734
$624,222
255,195
$399,786
$369,027
303,936
V.
146,
39G6.
p.
'
Calendar Years—,
Net
sales
1943 .•
1942
$54,919,000 832.988,887
-
____
Net-after
Net
taxes..
Deductions
1,378,988
440,989
amounting to $141,245, estimated net profit
1,326,000
Net
preferred dividends
for 1943 is equivalent to $2.73 per share on the weighted average num¬
ber of shares of common stock outstanding during the year 1943, and
to $1,84 per share on the 643,070 shares of such stock outstanding on
Dec. 21, 1943.
With regard to the latter per share figure it should be
pointed out that late in November, 1943, the company sold 230,000
shares of its common stock to Bethlehem Steel Corp. after such shares
were
ex-dividend.—V. 1-58. p. 2475.
•
;
'
*>•*
»i
,"{.
>!:
i.-';."" '.7'-,'*?
K.y'p.
Rochester Telephone Corp.—Revised Figures—
After
•,
'
Operating
revenues
Uncollectible
Operating
Operating
Net
;
Net
taxes
,
.
$6,695,680
4,424,588
1,157,637
mission,
$123,397
$1,113,455
95,893
782,784
and
ferred
783,222
The
Colonial
31. apjd Dec.
first mortgage sinking fund bonds.
;
Period End. Jan. 31—
Operating
-
''Gross
Net
Royal Typewriter Co., Inc.—Special Offering—A spe¬
offering of 15,000 shares of capital stock (no par)"
'was made on the New York Stock Exchange March 8 at
revenues--._
income
with1 a
The/issue
share,
per
Co.
&
commission
income^
.
—
Period End. Dec. 31—
the
in
•Net
60
were
♦After,
largest allotment, 10 the smallest.—V. 159, p. 976.
At
meeting of the directors,
a
held
on
Charles
R.
President
Hook,
of
the
;
and President
Mill
Roiling
American
director.;'
as a
in place of Mr, Tuttle.
further
date
Feb;
of
Mr.
1
announced
Hook
issued
statement
bv
Mr.
Hook
1
that
Rolling Mill Co. at present owns approximately 60%
common
.'u
stock
Rustless
of
L? •' /
Rutland RR.
The ICC
Ewen
and
29
Warren
company to
the,terms
Feb.
on
..%•/-;"•%/ —
.
Austin
Jr.
reorganization
as
approved deposit agreement,
managers
p.! 976.
.
of
the
■
'
'
;•/
.■
■■■■:
//•/'
-//■
■■
■■J;
■■
I
%•>%>■'% >
—8 Weeks Ended
Feb. 26,'44 Feb. 27'43
'Safeway Stores, Inc.—Sales Show Gain—
4 Weeks Ended—
Feb. 26,'44 Feb. 27,'43
;
per'Od—
Sales
„
$47,124,421
_______
There
were
With 2,510
a
2,468
stores
in
■
•
$45,079,256 $94,875,664 $88,530,647
operation
on
Feb. 26,
1944,
;
year ago,-
compared
as
/.
■
common
stock,
par
™!'e on the 5L
$100,
,
'
15.
par $100. both payable April l to
Distributions of 75 cents each were made
V /enCOniS Stock on April 1, July 1, Oct. 1 and Decu 18, 1943.
159, p. 976,
.
■ ■
,
operating
of
way
Maintenance
ipar,—V.^ 128, p.,2196.
.
i
-
five
from
to
and
Miscellaneous
General
Net
structures--—-
of .equipment
Co.—Accrued Dividend—.
iff
on account of accumu¬
Net
Net
ry.
—V.
income—
oper.
6,907,149
8,474,727
711,504
4,659,235
6,584,575
610,270.
3,134,946
4,597,486
Output—•
'
companies in the
Standard
Gas & Electric Co.
system for the week ended March 4, C,
1944,
totaled 191.393,000 kwh.,
as compared
with 180,617,000 kwh.
for
the
corresponding
week
last
year,
an
increase of 6.0%.—
159,
operating
utility
public
the
of
output
'
977.
p,
The stockholders
March
on
;
1
Corp.—-Meeting Adjourned—
7 "deferred
until April 3 action oh the
proposed two-for-one split of stock in order to give^ample time to
comply with regulatory requirements.
Sufficient votes^were present
to decide the matter.
Paul C. Cabot, President, announced that the
effective on April 14.—V. 159, p. 586.
Sterling Drug, Inc.—New
Net
548,183
——'
913,069
$9,840,580
7,223,822
1,575,175
2,491,696
1,367,838
railway operating income..—.
$5,183,934
$7,941,773
$5,981,047
provision for interest charges on
non-operating income items.-—V. 159, p.
outstanding debt, or other
977.
profit before
Corp., and
Stonington,
$836,795
tion
of
last
year
in
order
greatly
were
to conserve
a
increased output lor civilian consumption.
Payments
follows:' March 15 and June 15, 25 cents each in
cash, and Dec. 15, $10,par value of pre¬
shares of common stock held.—V. 158,
'
2296.
1
Tampa Electric Co.—Earnings—
income
Net
,
retirement
♦After
January—
from
Gross
railway,^
railway
oper.
accruals.^—V, 159, p. 774.,'•///';/,
reserve
Tennessee Central
^
-
1944
1943 s
$400,874 ;/ $333,133
138,123
-74,778
y
.
81,551 ."Li?ni36,315
Jc -'d. ■
income
•
Texas
.'"The
New
' J Z
.
t:C\ '
Stock Exchange has
1942
$275,404
53,835
1941
$236,207
74,081
42;019
>
25,704.
•
V. • i
.
•
Co.—Acquisition—Listing
York
^
/
Ry.—Earnings—v
159, p. 586.
v
■.
,
-
1944—Month—1943
1944—12 Mos.—1943
$613,030
$548,779 ;■ $6,789,225 $5,807,652
105,495
112,675 / 1,202,941
1,153,903
102,439
111,945
1,179,320
1,140,055
revenues
income
"Gross
Dividend—
dividend on the com¬
capital in anticipa¬
cash for working
as
Sept. 15, 15 cents in
ferred
stock for each 100
cash;
p.
Action on Common
voted to defer action on
directors have
stock
.
,'
1943.
158, p.
Talon, Inc.—Takes No
-
$3.79
share
—V.
■
$707,681
$4.48
profit carried to surplus____
_______
of'common stock_A.^._/.-,^_-___^-__-,
Net
Per
-
i"
Additional Stock—
authorized the listing of 65,000
;additional shares cf capital stock (par $25) upon official notice of is¬
suance in
connection with the acquisition of the stock of Yale Petro¬
leum Co. making the total number of shares applied for 12,065,204
"shares..
-/■ - •
Yale Petroleum Co. is engaged in the business of producing oil and
gas.
It owns and operates producing
Basin Field and
located in the Oregon
Telephone Co.—New Directors
Wilson, Vice-Chairman of the United Aircraft
President of the.Atwood Machine Co,,
1943
1942
$14,935,338 $11,603,633
3,034,195
1,932,681
2,197,400
1,225,000
:-y
taxj$____w.
:
Provision for income and excess profits taxes__
properties and undeveloped leases ■
Garland D:me Field, in the Stats
holds leases on approximately 634 acres of oil-pro¬
ducing lands in the Garland Dome Field, and approximately 2,152.5
acres
at Oregon Basin Field, of which approximately 1,267 acres are
of
Southern New England
Co.—Earnings'
/. V--
;"
.
ago
year
a
Years—
fifties,;..
Net
ry.
10,275,449
as
announced
Sullivan Machinery
calendar
—V.
1,056,418
.
Clark
I.
Stanley
subsidiary, was
associated with Sterling
a
Net
12,322,702
Vice-Pres. of Subs.—
Vice-President of'-the Eayer
on March 7.
Mr. Clark became
as assistant to one of the VicePresidents.
Previously, he had been for four years with "This Week"
magazine, in charge of drug trade merchandising.—V. 153, p. 2197.
of
Election
Inc.,
" 504,793
1,913,446
Eugene E.
Sell'Debentures—
negotiating
is
from
1,027,395
———
accruals
Franklin R. Hoacilcy,
'
259,836
108,698
,
Net
10,574,970
tax
1941
$773,064
for the sale of $5,000,000 of 3% 15-year
debentures,
according to A. E/'.Staley, President.
He said the pro¬
ceeds would be used to redeem the $1,700,000 of 23/4 'V debentures out¬
standing, to increase working capital and to provide for post-war ex¬
pansion and modernization,—V. 158, p. 2296.
,
.
i
1944
1943
- ,
1942
$51,562,191 $43,001,366 $29,814,511
Equip. & jiint facility rents (net)-
Railway
directors
new
.
(A. E.) Staley Mfg. Co.—To
Company
System—
operations $17,672,350 $16,740,770
————
two
159, p. 586.
Period End. Jan. 31—
2,441,183
railway
the
Philip H. Ackert, partner
p. 977.
1943
1942
$1,810,691 ; $1,172,103
901,744
433.808
614,008
222,752
1944
$1,699,468
454,393
31,419
railway
from
Operating
15,355,278
•
-
from
,;
Ry.—Earnings—
Spokane Portland ■& Seattle
January—
Gross front railway
The
Co.—New Secretary—
revenues——^
expenses
rev.
members,
seven
W; Powell of Spokane, Wash., and
& Co., New York City.—V. 159,
Freeman
mon
:
Traffic
Transportation
♦Before
dividend of 75 cents per share on the
and the usual quarterly dividend of $1.25 per
a
preferred stock,
holdera of record March
—V.
fOn
;
:
;
• $0,20
on
company
Maint.
♦Net
Declares Dividends—
The directors have declared
$0.18Rio:
2475.
Month of January.—
,
■'
1%
the
on
Railway
or,
.
7 '
takes lnit1 before ldepletionj,
Earnings of Transportation
in limited instances,
to-solicit authorizations without the deposit- of the securities in accord¬
ance with the terms of an approved authorization agreement.—V.
159. '
an
$217,985 " ^245,705
March 6 announced that H, J. Carroll has been
appointed Secretary, with headquarters at San Francisco.
He succeeded
W. F. Bull, who retired on March 1.The
solicit, the depos't of specified securities in accordance with
of
Of
1943—12 Mqs.}-~1942
15 to holders of record
Southern Pacific
\Ki
Solicit
William Cornegie
Atwater.
. ..
$44,867
$0)04
declared a dividend of
of the outstanding
2475.
to
553,805
cumulative, preferred stock, par ,$100, .payable
Feb. 29. A similar distribution was made
in preceding quarters.
Arrearages as at Dec. 15, last,-, amounted- to
$34,75 per share.—V. 159, p. 2260.
lations
■
authorized Hubert F.
R,
p.
Managers
Reorganization
—
■
158,
563,250
Steel & Iron Co.—-Special
Sheffield
Southern Colorado Power
March
American
.vy.,-:v
J
Deposits—
corporation.—V.
the
increased
been
being W.
Co,—Earnings—
$1,179
$0.01-
and Fedpral
depreciation
The directors have
the
indicated
656,438
of
Co.,
-
acquisition by his
company cf the interests of Mr., Tuttle in the Rustless company, and
Mr, Hook stated at that time that it was the intention of Mr.' Tuttle to
resign as a director, Chairman and President of the company.
A
•Under
share—
of 50 cents.—V. 158, p.
Middle-town, Ohio, was elected Chairman and President of the Rustless
company
$2,559,596
605,130
Offering—
A special offering of 15,000 shares of common stock (par
$20) was made March 8 by Baker, Weeks & Harden. The
stock was offered at $16% pe,r share, with a commission
March 6, the board accepted
resignation of C. E. Tuttle as a director, Chairman
the corporation, and the resignation of Bruce Borland
the
of
$2,533,546
accruals.-—V, 159, p. 485.
-
per
Sloss
^ Rustless Iron & Steel Corp.—New President-—
•
record March 22.-
the board of directors had
E,. S, McPherson, President, stated that
1944—12 Mos.—1943
1944—Month—1943
$224,793
$212,237
56,222 •
51,194
48,265'
1 43,005
J>220,467.shares of common stock, $5
4,800 was'the
30 firms;
by
purchases
profit
fEarnings
elapsed time of 15 minutes. Bids were received for 31,355 shares and allotments were made on a basis of 47.8%.
There
was
State Street Investment
share
record
made on this issue on
159, p. 386,
1943—3 Mos.—1942
.
of $2.50 per share V
2\
Co.—Earnings—
Silver King Coalition Mines
cents by
of 50
oversubscribed
was
were
(No.
Va%will also be made on April 1 to holders of
payment was made a year ago.
4
of 25 Cents—
»
♦After retirement reserve
cial
Shields
amount
10, last year.—fV.
Sierra - Pacific Power
,;i
$18%
like
of
dividend
a
similar
A
change likely would become
■
York, has been appointed corporate
Royal Palm Ice Co. securing an issue of
of
indenture
under
T.rustee
Distributions
21.
Co.,- New
Trust
It
of
V.
March 3 declared a dividend of 25 cents per
stock, no par, payable March 30 to holders of
common
March
.
made a net:
for the year
directors on
the
declared
have
stock, no par, payable on April 1. 1944. out of 1943
holders of record March 22.
An initial distribution of
was made on April 1, last year.
■
announced that payment of the annual income bond interest,
Electric
Corp.—Renegotiation of Contracts—
Sharp & Dohme, Inc.-r-Dividend
The
on
Com¬
.
capital
Standard Gas & Electric Co.—Weekly
reports that the Government has
under renegotiation of contracts
1942.—V. 159, p. 48.
ended Dec. 31,
the
,
.
$5,250,000
March
Trustee—
stock.—-V; 159, p. 643.
corporation
of
plan
Belt's capitalization from $105,046,995 to
the equities of holders of the present pre¬
stocks.
The Southern Pacific owns 87'/<• of the
common
,
earnings to
like amount
appeal in Federal Court,
of
notice
Cotton
Savage Arms
v
figures,—V. 159, p. 976.
Royal Palm Ice Co.—Corporate
■
filed
has
$4,371,761
Court's Approval of Plan—
wipes out
and
Cotton Belt's common
$1,109,266
income
*Revised
-
Pacific
the
cuts
$75,000,375
$6,224,067'
4,156,987
957,814
$103,803
operating income
.
Louis, from District Judge George H. Moore's approval of a
of reorganization for the St. Louis-Southwestern Ry.
The reorganization plan, drafted by the Interstate Commerce
The
75,453
expenses
—
—
Southern
The
5,995
2,486
$553,669
376,768
53,504
5578,921
___/v 394,392
1
80,726
revenues—
income
gross
income
recovery
Operating
from
St.
$6,230,062.
$6,698,166
$552,819
Cr850
$576,807
Cr2,114
___
rev.
oper.
—
Southern Pacific to Appeal
*1943—12 Mos—1942
"1943—Month—1942
Period End. Dec. 31—
income
Gross
—
^
5,696,000
—
...
'
operating income
income —
railway
Non-operating
■
>
earnings before taxes
Net
;
,
^
Mfg. Co.—Earnings—
Rheem
Feb. 28.'43
$3,798,123
643.
p.
directors
The
on
$614,961
9,261
$660,078
260,292
operating income
railway operating income-.—
railway
:
Feb. 29,'44
$2,969,045
Spokane International RR.—To Pay $2.50 DividendInterest Authorized—Directorate Increased—
>
$300,000
Deductions from
159,
Railway—Earnings—
St. Louis Southwestern
Feb. 28,'43
$2,639,100
—
—V.
-
2 Months Ended—
-Month Ended—^
*11,487
v,
.
Spiegel, Inc.—-February Sales Off 11.1%—
•.
585,
159, p.
the
1941
'1942
$309,405
134,458
railway—-
from
Net
1944
railway-—/,
from
Gross
"
•'
January—
before
Francisco & Texas Ry.—Earnings—
St. Louis San
General Corporation and
Investment Hews
Wyoming.
It
productive of oil.
in the Garland Dome
Field it has -5 wells currently
Volume
THE COMMERCIAL & FINANCIAL, CHRONICLE
Number 4263
159
producing approximately <163 barrels per day, . In Oregon Basin Field,
has 21 wells currently producing approximately 3,197 barrels per day,.
Changes that have, occurred in the holdings of the company in af¬
filiated and subsidiary companies since pec. 17, 1943, are as follows.
(1) On Dec. 30, 1943, company acquired all the stock of Sclby Oil &
Gas Co., Lev/is Production Co., Montour Production Co., and Arthur:
Brewer Co.
Ail of the stock of Stark Gas Co. was owned by Lewis Pro¬
dividends
To
It
duction Co.
; Houston: Gas,
United
of
Gas
Electric
158, p. 2622.
,
the
parent
for
return
Corp.'
would
transfer
its Electric
to
Bond
shares;
,
Electric
Bend
&
Share
would. transfer
this
the
1,113,922
declared
publicly
held
option
debt,
warrants
&
the
remaining
444,680
second
account
will
be
The
Guaranty Trust Co. of New York has been appointed agent for
of the common and preferred dividends of the above
company.—V. .159, p. 774.
shares
then
the
in
receive
reorganized
For each
to
ration
the
air mail and express pounds carried during 1943 by this corpo¬
showed an increase of over 50'%, V. P. Conroy, Vice-President
Traffic, announced.
'
;y.n Preliminary reports show the total mail pounds carried by the air¬
line in 1943 were 15,03^800, representing a 52.5%
increase over the
1942 total of 9,861,449.
The peak air mail month was April; 1943,
Both
when
1,497,418
pounds
flown,
were
of
increase
an
104.9%
The
Traylor Engineering & Mfg4 Co.—Tenders Sought—
with
scompared
miles
V.
flown
by
amounted
159,
On
Interest,
Other
to
Up 29%—
Air
United
Lines
continued
would
Postponed—
an independent slate opposed
during a four hours' argument at
stockholders' meeting held on March T.;-1;;;
Pending a check of proxies solicited by the .management and by
Randolph Phillips of New York, the meeting was recessed by President
directors
the
this
corporation
.
William
M. Hickey until March 15.
management would i*e-elect its board—With the addition of
Mr. Hickey and''J. Francis Smith, Waterburyi Conn., and Mr. Phillips'
group would elect Lawrence R. Brown of Washington, S. J. Mackean
of Watertown,
N. Y., Hugh Gordon Miller of New York City and
Stewart Lynch, U. S. District Attorney of Wilmington, Del., as well
as'Mr. Phillips, yy-■%'.• y ;.:.7
Following an informally presented report on the corporation's plan
to offer Vk shares of Philadelphia Electric Co.'s common stock, onequarter of a share of Delaware flower & Light Co.'s common stock
and $3.75 in cash in exchange for each of 1,244,356 shares of its
$3 cumulative preference • stock as a step toward a single stock classi¬
fication, Mr. Hickey defended the company's stand during attacks
by Mr. Miller, Mr. Phillips and James Fuller of Hartford, Conn.
Following hearings before the Securities and Exchange Commission
late this month, the plan—which would reduce the amount of out¬
standing preference stock by one-half—may be in operation by May,
Mr. Hickey said.
s, ','y:
.7.%
Mr.
Hickey argued with Mr. Phillips' contention that the plan,
Which could become effective upon
the SEC's approval, violates a
(
The
promise made by .Mr. Hickey in a letter to stockholders in September,
In which he said,
"any such plan will be subject to approval by
stockholders..""
■
7y?:
"/%
.
we
fixed
considered that the plan
should be subjected
vote of stockholders but the SEC indicated to us that,
to a
it being in com¬
pliance with a SEC order, stockholders' approval would be unnecessary
and undesirable,.". Mr. Hickey answered.
' "
,
At Mr. Fuller's request, Mr. Hickey said that he would take the
hiatter of a change in transfer agents before the directors at their
next meeting.
Mr. Fuller and other stockholders objected to a pay¬
ment of $56,630 to J.
P. Morgan & Co., Inc., stock transfer and
dividend paying agent.
,
; . .
.
•
159, p. 587,
the company's
Distribution
20
will
shares of
1,
May
authorized
of
capital
withdrawn.—-V. 159, p. ,881.
act
Gas
Corp.-^Eiles;; Recapitalization
The
plan
.
Plan
1943
in
creasing
8%,
Chairman
last
-
of
approved
by
share
one
stockholders,
proposal to convert
without par value
a
stock
$13.50
value
par
decreased
the
of
4.5%
$3,840,000
or
each,
and
.
collateral'
trust
bonds
on
which* annual' interest charges-
are
not ex¬
pected to exceed $3,250,000, and an eventual stock capitalization of
10,653,302 shares ($10 par) common.
:
For the purposes of-- consummating the plan, the common stock
initially will consist of 106,533,022 shares of $1 par value.
•The plan will considerably simplify the present capital structure of
United Gas Corp., which comprises: $25,000,000 assumed 6% deben¬
tures of United Gas Public Service Co.; $25,925,000 demand note (6% )
of United Gas
Corp.; $2,000,000 account payable (6%); $3,900,000
Houston Gas Securities Co. collateral trust 5s, which are' secured by
pledge of United Gas: Public Service Co. debentures; 449,822 shares $7
preferred stock;- 884,680 shares $7 second preferred stock; 7,818,059
shares ($1 par) common stock, and 4,864,967 option warrants to pur¬
chase common stock.
"
*
in
increase
to
the
annual
35,000,000
3,500,000
into
convert
out¬
'
costs
Used
as
pay
follows:,'
off
at the
year;
•
the
past
bonds, the proceeds of which will
,
iedemptioil
price
of
$110
a
share and
at
costs
were
accrued
the
in¬
a
E. Willis
close of the
Office
new
will
function
Cost
7
and
surrender
as
made no recovery
March 31, 1942.—
-
of
Other
Net
commercial
sales
and
•
and
11,463,512
15,995
10,034,790
8,619,118
and for.)
2,164,557
1,697,455
il'du'--'" $13,542,,042
$8,523,619
168,515
180.210
^_>»Ui7_i-7c.w^_-7-i-77^_7.7--7 $13,710,557
$8,703,329
excess
Profit
able
1.209,302
common
46,800
$514,966
$587,480
299,922
,$1.96
shares_>____„„_
share——
refund
on
'New Contract—
fir plywood
Co., and
Corp.
"The
Ottinger,
Cash
$3,090,131
above
basis—;
it
■'
-
:•
on
the
on
March
right
6
to
on
249.932
$2 06
-
6, said in part: .. 7
this corporation has closed
the
entire .production
of, the
,
individual plywood
manufacturing
the world, with a rated annual capacity of
approximately 120,000,000. feet of plywood, on a Sis-inch basis,
In
said
to
be
the
v.
Oct. 30, '43
7 7
Productions
j.-—
advances" to
royalties
vance
in
•
producers
Oct.
progress
31,'42
$6,755,919
48,000
1,860,396
2,168,918
:
and
—7
ad¬
23,341
6,516
——
and charges to future
productions
6,307,914
u..—
.
:
5,279,380
completed but not.-released..;.—-
4,429,958
2,056,996
Productions
released
7,270,407
237,524
811,301
104,697
5,528,717
Raw
and
film
tScenarios
and
iFixed
—-
—
supplies.;.-...—
—
rights unproduced—.
accessories
Cash held by American
plant at Lebanon. Ore., formerly owned bv Evans Products
acquired by the newly-organized Cascades Plywood
is
..
retirement
debt
indebtedness—_
receivable
Unliquidated
Advertising
recently
plant
unit in
7 571,942.
and
post-war
;77'J:7 -■' ;7■:,,. '7,:; '
7;: ,7.
S. Treasury certificates: of
Net equity
that
$2,806,952
$3,759,968
;■
refund
$849,700 in 1943 and $54,300 in 1942.
estimated
$3,231,677
U.
.
March
"
—■
deducting
Comparative Consolidated Balance Sheet
■■
sell
72,966
210,213
Productions
7;
-"
61,088
interesj
dividends
credit of
profits taxes for the 1943 period of
excess
President,
announced
Lebanon
$3,852,882
77_^7
$634,280
22,755
_7__:
:
common
giving
230,677
•__
.31,826
minority
1,556,000
$537,721
profits taxes
excess
to
•After
April 30, 1943, by a net refund to the Government of $57,000.
was
1,211,475
3.262,125
176,723
7,647,100
profits tax.—
year____—7.__—77
for
Profit
foregoing does not include any provision, for renegotiation by
Adjustment Board for either year.
final renegotiation settlement has been made for the year ended
contract
.963,375
1.033,798
946,100
taxes_^._____
for
dividend
requirements on first
preferred stock of merged subsidiary—
Proportion of profits to June 25, 1943^ applic¬
The
"It
—
777
Provision
the Price
Lawrence
^.7
.
income 'taxes_k.r___.'_^
Foreign
$115,000 and the 1944 period of $130,000.
a
(domes,
expenses,
di-7;77%;;.^•^77;7;.7 :%%-7%-r;r
income
•Accounts
A
S2,74ff
7
domestiqi.and
expenses,
iiilu-
admin
$2,190,280
Commnn shares outstanding7_„_7„^i--_^-,—7
•Lers post-war
47,378
"
$2,101,093
89,187
—
dividends
Earnings per
402,966
415,112
'
charges
•^Federal
13,006,815
period_._u__
for
19,783,820
20,273,648
:
building expenses.^:
$13,194,540 $15,107,908
$1,747,023
available
46,471
$46,527,527 $39,109,524
i
and other costs
—
Assets
Net
493.273
49,000
19<»4
-1943
—
$1,731,028
for
:
branch
7%77' ;7
Federal
(& Subs.)—Earnings—
profit'
profit
513,235
service—
commercial
and
1942
.
$28,731,092 $24,666,316
17,234.200
13,903,464
building income——
.'
revenues
Total 'profit
expenses—
(net)
sales-r-Domestic.w--i-i—--
and
(if
Other
profit
income
;
concluding negotiations now in progress for
debentures and bank Joans.
Operating profit:
.
Gross
All
$1,861,000 higher than at the end of the
was
Other'. income
Freeman, President.
The
"home office for Hawaii,'' and will act
——
and
Inc.
new
•
sales
of
Co;,
values
9 Months Ended Jan. 31—
sales
to Universal, Pictures
—
Theatre
Gen.
Vice-President and Actuary James
United States Plywood Corp.
•
greater flexibility of operation.
a
accessories—..—-
of
/;7:;V';-77;7:
by Mansfield
a
year
Amort, of film costs, royalties
Cost of accessories sold
insurance, issue policies, settle claims, grant
and, in general, render all home office
services to the company's policyowners and their beneficiaries in the
Territory.—V. 159, p. 881.
applications for
upon
loan
changed
is hopeful of
Theatre and
is opening a new, office in Honolulu, according to an
recently
Thereby it is possible to maintain
wherever located throughout the
business
possible
stock of
rentals
Sales
Opens Honolulu Issue utiicemade
then
was
name
.Foreign
Miss Willis's duties embrace the
study of office systems, and the" planning and control of inter-departmental routines.
announcement
the
1943
marked
from Supervisor of the
over
issue of debentures to refund its existing
Film
was
and constant control of
for a proper
full year's operations.
a
Selling and
foreign-
company
■
Comparative Statement of Income for Calendar Years (Incl. Subs.)
United States Life Insurance Co.—Promotion—
The
'
preceding year.
The maturity date of such loan was extended for an
additional two years and subsequently the interest rate was reduced.
587.
The company, has promoted Mary
Records Department to
Assistant to
P. R. Loutifc.
In' her new, capacity
;
.
the former company was redeemed and $2,000,000
$4,000,000 of debentures Of the corporation were retired.
The
unretired $2,000,000 of 10-year ,5% debentures' continue as obligations
of company and fall due April 1, 1950, to which date they were ex¬
tended from the original maturity date, 1946'.
Company's bank loan
•
year
company reports that the Government has
under renegotiation of contracts for the year ended
p.
,
the
Total
159,
.
The experience which has been gained in seven
practice enables your management to approximate
likewise makes
preferred
of
year,
The
V.
while the country
Corporate Structure Simplified—On June 25, last, Universal Pictures
Inc., was merged into the then parent Universal Corp. and the
an
Chemicals, Inc.-~-Renegotiation—
U. S. Industrial
our Government
new year,
a complete 'program of production for the
it determines, for each week of the coming year; ail the
control
It
latter*s
Sewell L. Avery,
the annual meeting held
previous
-
during
stock
common
Co;,
,
$60,871,000 "while
the
over
every
paid.
They are
tpe United States
outstanding at the
in
employee
Dividend on Common Stock—Under this budgetary control, together
with the simplification of corporate structure effected last year and
company's increased earnings and bettered net current asset-position*;
directors were enabled to declare an initial dividend of $1 per share
on
company's common stock, which was paid on Oct. 30, 1943.
c
.
Delaware
contrast
to previous years when production expenses had shown a progressive
decline, Mr. Avery commented.
A ccst increase breakdown for the
four quarters of 1943 showed a progression from $29,000 in the firstthree months to $1,465,000 in the final quarter. See also V. 159, p. 881.
.
United Gas will issue $100,000,000
of
100.0%
for
cents
:;7;--v7-'.-.'v7:V:..%
of this sound
years
the stock¬
of
at the
to
.
board, told stockholders at
week.'
The
for •recapitalization of Ihe' corporation, an operating unit
Bank & Share Co. system, was filed March 6 with the
''yy%y
7.y;':
■«■■■;:y
Upon consummation of the plan,; the company will have outstanding
only two classes of securities, namely, $100,000,000 first mortgage and
the
of
Coippany
Sales
Preferred
•%
share
45
compensation
per
possible taxes to
jcompany's business.
United States Gypsum Co.—Sales, Etc.—
y
the Electric
To
of Hold¬
To
s
Securities and: Exchange Commission.
be
basis
UGI
,
Net
■Simplify Structure— J
in
on
capital
stock,
the
on
common.
•Provision for Fed. inc. and
United
advance
following
Co.—Distribution
978.
p.
;.';y;'
" ;.y-.,y;
each
for
equaled
Budget System—A contributing factor to the favorable results com¬
is achieving is the budget system which was initiated in 1936 by
the present management.
Each year company projects, months tin
standing shares into new shares on a basis of one share of outstand¬
ing common for cne-tenth of a share of new stock.
This will reduce
outstanding stock to 2,32$,200 shares in place of the present 23,252,005
shares. 7- 7 '-v7,;%-*7 7-7 ■ -%%, 7%-;:7:7 y%y;y* "\7 7'"y
'7777
Harold L. Osborne of Philadelphia; a stockholder in the company,
filed suit in Common
Pleas Court in Philadelphia, asking that the
comnany
he enjoined
from patting
into operation
the retirement
annuity plan for officers and some employes ratified by the stock¬
holders on Feb. 29, according to an Associated Press dispatch.—V. 159,
gram from
also has
other
a. ;-77;
7 <7
--v:
-7 77"with all American businesses, Universal Pictures is eager
stockholder. '
every
1
supplemental plan
be
UGI
will
of
shares
Cost
received a tele¬
Lawrence R. Brown of the War Production Board, declining
to serve on the United Corp.'s board of -directors.
He had been nomi¬
nated by Randolph Phillips.
Stewart Lynch, another Phillips nominee,
and
,
at war.
There is a point; however, in tax assessments at.'-".whicfSr'
companies such as yours cannot continue to maintain or Increase pro¬
duction or.provide employment on a growing scale.
If this point has
not yet been reached, it has been so closely approached that it should
be a subject of much thought and concern to every employee and tc
or
corporation on Feb. 27-announced that it had
The
company;--..last''year;
salaries
is
advance
each
6.9
the.', fiscal'year.
common
strict
Net
Another Candidate for Directorship Withdraws—
of
to pay the highest
charges aggregated $3,860,287, and
equivalent to $7,185,839, or 68 cents
was
$17.66
of
In
these
that
$7,355,341,
to
close
a
company V annual-
"Originally,
of
1.2
3,188,026
surplus.—-•
to approximately $2,460
in
shares
;
of stockholders who presented
the
,
balance
1.5
571,942
.
wages,
world.
meeting on
up to 1,244,356 shares of its $3 cumulative pref¬
Postponement was granted at the company's request.
of
reveals
account
21.0
and
expenses
pany
Gas Improvement
for
/
Shareholders' Group Opposes Stock Exchange Plan—
A group
and
Gas
$5,452,012,
income
of
as
/:■;
,'47.7%.
$46,527,527
stock.
basis,
Share.—V.
income
net
a
system net income
common
holders.
retire
stock.
forma
with
common
on
consolidated
a
new
pursuant to
to
increase of 23% in February
1943, according to Harold Crary,
p. 978.
erence
United
divided
■■^77.;; ;
was
7.-7...7
.
21.7
Taxes—Taxes
equivalent
of
-•■'■•
and .-expenses—-—9,749,266
Dividends paid
Added to earned
The directors have fixed March 10, 1944, as the record date for
UGI stockholders to receive Delaware Power & Light Co. common stock
The Securities and Exchange Commission has postponed from Mar. 7
Mar. 22 a
hearing on corporation's proposed plan of exchange
which
share
a
United
figures totaled 28,722,500 revenue passenger miles
22,255,444 for February of last year.
Airplane
1,921,140 as against 1,570,522," a gain of 22'< .—
United Corp.—Hearing
to
to
operations
"■ 10,100,447
depreciation...723,232
financing
costs
dollar
shares
common
from
;7.
■
7';taxes":
outstanding.
value
income
Income—Total
other essential factors necessary
an
in charge of traffic.
United's February
a
miles
passenger
Vice-President
par
from
preceding fiscal; year.
of
ings, Etc.—
over last year's totals, with
the corresponding month of
over
par
pro
earned
were
cents
the year's
a
1943
year
charges
69
157, p. 999.
United Air Lines," Inc.—Miles Flown
Reveneue
$1
in
increased
Income
salaries and other compensation;.!.-.--- $22,191,614
Federal income and excess profits and all other
be
calendar
The Fidelity-Philadelphia Trust Co., trustee,
135 South Broad St..
Philadelphia, Pa., will, until 12 o'clock noon on March 24, 1944, re¬
ceive bids for the sale to it of a sufficient amount of outstanding pre¬
ferred stock to exhaust the sum of $5,032.72.
All stock accepted by
the sinking fund is to be presented for payment and cancellation as
of April 1, 1944.
The dividend due on that date has been declared
and will be paid by the company on stock accepted.Therefore, of¬
ferings should be made at a figure which does not include accrued divi¬
gain
held
publicly
be
T:tal
Wages,
and the stock
exchanged for 545,201.2 shares of $io par value.
The new capitalization of $100,000,000 bonds and
$106,533,022 com¬
mon stock would compare'with total assets of
$255,895,611 for the re¬
capitalized company, and with a present capitalization, plus preferred
dividend arrearages, of $269,047,770 as of the 1943
year-end. -,<
Interest
and other mandatory
charges of the new company will
amount to $3,376,510 annually on a
parent company basis, and the
will
then
period in 1942. *
■
,
An increase of 54.4% of express pounds flown is shown .by the 1943
figure of 7,553,878, as compared with the 1942 total of 4,890,962.
The
airline's monthly express totals reached a high of 713,817 pounds in
October.—V, 158, p. 2296.
y
3,271.207
would
Corp.
.name
dend.—V.
have
would
company
the
for
Division
Disposition of Publicly Held Common
the
over
recapitalized
company's gross in¬
year
increase.
an
,
follows:
two-thirds
of
Transcontinental & Western Air, Inc.—Air Mail and
Express Carried Up 50% in 1943—
show
$3,759,968, compared with $2,806,952 for the preceding year,
This;
accomplished despite Increased costs of niateriais and of labor.
share
share, and the entire holdings,
thereupon would be subjected to a "reverse split," being exchanged for
$10 par stock on a basis of one share of the latter for each 10 shares
held.
Power & Light
thus would own 10,108,101 of the 10,653,302
shares, or 94.88%
of the entire issue of new common stock which
,
both
The net profit of $3,759,968 for the past fiscal year is equal to
approximately $6.57 per share on the common stack of company out-;
standing :at the close of the fiscal year; as compared with $5,34 per
it. would
share
profit
for the
was
shares,
United Gas Corp.
additional
an
the
past year amounted to $46,527,527, eoin.oarecl7with
$39,109,524 for the preceding year; net profit, after all charges, in¬
cluding provision for Federal ipcome and excess prolits taxes, amounted
or
which were not;
paid off in cash, plus an additional 12,385,520 common shares in satis¬
faction of arrearages on its second preferred
holdings.
Its present
common stock interest of
3,795,086 shares would be undisturbed.
Electric Power & Light Corp. thus would own
60,648,606 common
net
operatfons
payable,
canceled
Operations—For the fifth consecutive
and
come
stake in United Gas Corp., aside
preferred
consummated
marketed
brand,
Cheever Cowdin, Chairman, states:
1943
752,666
from
the aforementioned warrants, consists of
884,680 shares of $7
second preferred stock and 3,795,086 common shares.
Power & Light would receive 44,468,000 common shares in
exchange
Disbursing Agent—
corporation,
and
by Clay Brown.
deal-w'ith'M. D.
Universal Pictures Co,, Inc.—-Annual Report—
J.
worthless.
Electric Power & Light Corp.'s own
the
conducted
were
Portland, former Manager of the Evans plant, who organiz- d
Plywood Corp.
to
acquire the
property.
Mr.
Tucker
is
President of the new corporation, with executives offices in The Public
Service Buildmg, Portland, Ore."—V.
159, p. 881.
stock (plus dividend arrearages); and warrants to Electric Power &
Light: Corp., which, in turn, would transfer them to its United Gas
Corp. subsidiary as a capital contribution, together with its own hold¬
ings of 3,600,040 warrants.
These securities will then be canceled,
and
output will be manufactured
Plywood's Weldwood Plywood process and
S.
Vice-President of
• $44,000,000 cash
it receives from United Gas
this cash payment, Bond & Shaare would sur¬
account payable;
J7.310
first
preferred
shares, and 151,005 option warrants,
;;
common
U.
Tucker of
its
82,000,000
Cascades' .entire
under
entire investment in United Gas.
This comprises: $25.notes payable; $25,000,000 United Gas Public Service deben¬
$440,100
Houston
Gas
Securities
Co.
collateral
trust
5s;
tures;
the disbursement
■
today.
"U. S. Plywood, whose negotiations
Investment
In
for
Thermoid Co.—pividend
-
Power & Light
G.
Co.
925,000
,
,
this; plant produced 108,000,000 feet of plywood and in 1942 M,
produced 127,000,000 feet.
The plaift was completed only in 1940 ana,
according to Lawrence Ottinger, President, of United States Plywood
Corp., i# probably the most modern fir plywood plant in existence
Cascades
render
held approved a
proposition calling for a reclassification of the authorized capitaliza¬
tion, reducing the no. par convertible preferred stock from 130,000
shares to 132,000 shares and increasing the no par common stock from;
300.000 shares to 318,000 share#.
An incentive bonus plan was also
ratified,—V,
Surrender U.
1031
1943
,
Corp,
recently
meeting
preferred stock.:
held portion of
/ •:
:
-
■•'
.
Share
Thatcher Mfg. Co.—Stock Reclassified—
annual
:
Corp.
Would
Production Co., Montour Production Co., and Arthur
each, in complete cancellation of all its stock, transferred
and distributed all its properties and assets to. the Texas Co.
(3) On Dec. 31, 1943, company surrendered all the stock of Indian
Refining Co. then owned by it upcn receipt of the final distribution
.to which it was entitled in. the liquidation of Indian Refining Co.
(4) On Dec. 23,
1943, company sold and transferred to SoconyVacuum Oil Co., Inc., on.e-half of its shares in La Junta Petroleum Co.
(heretofore a 100% owned subsidiary).~-V. 159, p. 643.
V
the
5s.
the proceeds of the bond sale would be added to
working
capital of the recapitalized company,
w-' •
■
,
Co.; Lewis
at
first
publicly
trust
Balance of
Brewer Co.,
stockholders
of $7
$3,460,000
Co.- cdilateial
stock
(2)
The
the
value
preferred
its
Gas
publicly held shares
Securities
To redeem for $44,000,000 440,000 of the 884,680 shares of $7 second
stock, plus dividend arrearages.
The entire issue of thisis owned by Electric Power &
Light Corp., the immediate parent
7
'A v'.;
'
' ■■
■. '
On Dec. 31, 1943, Stark Gas Co. transferred and distributed all
properties and assets to Lewis Production Co. in complete cancel¬
lation of all the stock of Stark Gas Co.
On Dec, 31, 1943 Selby Oil &
—
the 432,512
redeem at face
—:
...—__—
Fost-war refund of
in'
profits tax—.—7
excesss
affiliated
companies——.,—.
etc,-*.———..——7
Prepaid rent, taxes, insurance, etc—
Deposits
on
Unamortized
leases,
financing
expenses———.—
Goodwill, trade-marks, etc.
..7——....
619,455
120,794
banks as security
178" 5 77
368,289
1,853,092
in net assets of subsidiaries——---^.
assets 7__7._j.;..;^_77.'7———'.
Investments
261,979
135,767
1,984,225
475,250
54,300
230,451
49,651
141,141
,
170,501
68.959
49,235
158,686
86,380
1,587,291
largest
Total
i
$27,566,033 $27,149,700
.
Real
estate
within
mortgage
one
Accounts
$720,000
Operating
3,064
3,205
2,648,750
sundry accruals
ol' certain officers
and
participations
464,997
451,387
384,250
823,294
111,204
employees
_
value
Reserve
stock
of
Federal
for
___:
and
income
(estimated)
taxes
7
Real
subsidiaries
from
territories
eign
estate
_____
and
$2,110,076
879,332
932,313
direct
Other
217,450
$114(088
637,525
,
charges.
to
to
surplus
Hire
Net
stockholders'
annual
March
held
be
$89,290
$425,000
in
Postponement
occasioned
was
according
postponed
been
by
April
to
delay
a
in
to
on
in
a
'
31—
'
Net
__
and
expenses
other
51,948,940
4,231,728
_
1943
'
313,604
income.
____
1,184,6i4
______
State
taxes—
income
Recoverable Federal
use
United States Rubber Co.—New
Net
22,656
______
taxes on
income—est
.•
estimated
"Less
Gov't Contract—
$2.68
U.
post-war refund
tFixed
(net)——:
Deferred
Other
,
A
on
Interest
' ■
present the Utah Metal & Tunnel Co.^has 1,190,750 shares outstanding, of
which 250,000 sre owned by'the National Tunnel Co.
The latter has l;056,400'shares outstanding,4" The' agreement, provides
that
the
corporation resulting from the merger shall be National
Tunnel & Mines Co,, with an authorized capital of 1,291,587 shares
of $1 par.
It is provided that each four shares of Utah Metal shall
be exchanged for one share of the consolidated corporation and that
each National Tunnel share shall be exchanged for one share of the
,
In
the directors of Utah Metal
stockholders
to
,
Paid-in
Aug.
on
to
—V.
Fed.
oper.
taxes
Net
1,055,490
2.03M48'
income
11,857
11,616
136 073
25,743
4382,052
2,451,000
3,066,398
2,776,000
tCredit.
Items, Dec. 31
stocks, bonds, etc., other than
affiliated companies___._______
of
and
'
.
bal.
315,752
125,439
Interest
Other
6,640,983
732,560
9
______
464.879
18,113
$1,441,220
supplies..
assets
157,762
425,925
161,699
liability_____-„_______„__________
479,560
4,088,148
4.148.795
1,394,544
370,299
$7,813,321
liabilities^
•
117667'
—^1,657"
-iJinnsrnired" rents accrued
tax
85,747
425,925
jnterest accrued..:_(ii__^_^?4^—
current
9:
5
payable..;....
unpaid
accounts
matured
Accrued
4
assets,;
current
Selected Liability "Items-1accounts and wages payable
Unmatured
4,701,268
$1,573,576
receivable
Audited
Interest
670,484
"
agents and conductors
dividends receivable_„________
and
current
Total
qqcj
1,054,630
571,493
16,748
from
accounts
and
Materials
530
537,689
receivable.
car-service balances
receivable
Miscellaneous
"""
$3,910'
$3,896
'
86,572:
bills
and
Traffic
,
1942
1943
.
in
316,776
Loans
Net
550,724
1,045,698
proj.
taxes—
defense
of
Special deposits
Total
1943—12 Mos.—1942
1943—Month—1942
income__
income,
508,000
1,153,548
A.
N.
Williams pointed
7,235,008
—V.
19,652,808
9,354,442
2,027,944
887,000
after chgs.
on
17,847,598
4 620,000
1,082,515
3,173,410
_____
two properties on the basis set
forth in the agreement of merger, which assures to the stockholders
of Utah Metal not only an interest in your present property, but in
the property of the National Tunnel as well,"—V, 159, p. 682.
nearly
than
159,
$6,963,213
3,155,945
992,350
U.
S.
taxes
2,922,858
1,165,290
taxes.
Government
978.
p,
(L. A.) Young Spring & Wire Corp. (& Subs.)—Earns.
1944
1943
1942
$3,489,613
567,339
$1,096,362
394,218
$1,300,652
569,542
$702,144
•
$731,110
Six Months Ended Jan. 31—
Gross
three
profit
Selling,
has been made since the acquisition, some time must
this deficit can be offset by economies flowing from
operations.
Moreover, the company's expenses were greatly
increased during the year as the result of higher wage rates of em¬
ing
liabilitie.s__-___„__.
5,183,000'
out that the results for the year
months' consolidated operations of Western
Union and Postal Telegraph.
The Postal system was operating at a
substantial loss when acquired by Western Union and, while encourag¬
reflect
1943
current
Government
Other
16,892,808; 12,962,777 160,861,013 134,887,496
revenues—
President
the
and 'develop
fixed
Selected Asset Items—
$30,408,064 $29,945,535
-
Operating inepme
to
ownership
join
$7,546,712
U.
Gross
undertake alone.
directors feel it is to the advantage of the Utah Metal company
"The
to
32,766
4,270
6,000,000
7,513,680
972,000
10,982,182
7,513,680
972,000
—
159, p,. 776.
for
ownership of these apex rights would be . too costly
the
$1,399,165
...
Western Union Telegraph Co.—Earnings—
neither company has been in a
of mineralized limestone beds which are believed to underlie at depth
the surface near the boundary line between the two properties.
To
company
—
Period End. Dec. 31—
Utah
both
position to develop a series
properties,
determine
.1,369
chgs. "$1,275,213 "$2,768,084
Depreciation (way and
structures & equip.').
24,345
43,556
after
Other
-
company.
either
1,369
develop
1943.
15,
729,215
___
Balance Sheet
deducting reserve for doubtful accounts of $146,368 in 1943,
and $209,826 in
1942.
tAfter allowing for reserve for depreciation,
$594,453 in 1943 and $543,891 in 1942.
:
; r:
say 7
$4,375,647 $10,635,019
2,245,898
Investments
"After
property of National Tunnel company adjoins that" of the
As there is a question of apex rights involving
"The
Metal
failure
4,221
,146
6,000,000
__i
307'
978
114
Miscellaneous
•
25
"$829,864 "$1,568,564
,
roads_
deductions
"Loss.
71,775
LJ4^Li-_--ii2L__-_ALL__.V--Lb^'12)243,708
Total
protitable ore, the United States"
Smelting Refining & Mining Co. cancelled its lease with this company
the
of
surplus
.
$10—
(par
Earned surplus
—
63,200.
mi
114
;
1,972,073
—
-
; liabihties_:_:__________
handling charges
sinking fund, debentures—
stock
Common
v
1,267,646
65,000
income—:
15-year 3 lA 7
77"
corporation.
letter
a
"Because
75,324
$2,186,348
,43,094
167,347
income_____
on
accrued
Unearned
At
consolidated
taxes
accrued
Sundry
National Tunnel & Mines Co.
22,032
$4,376,625 $10,635,326*
78,627
768,631'
$2,032,162
67,812
241,590
—
& State
Accrued Federal
special meeting of stockholders will be held on March 20 to-vote
ratification of an agreement of merger between this conipiany and
$4,354,593 $10,572.126-
Cash
accrued
Payrolls
Co. (Maine)—Proposed Merger
.'v
1943—12 Mos.-—1942
1,120,779
Amort,
Liabilities-
payable
W"
RR.—Income Items—
1943—Month—1942
60,768
those
Accounts
"232,090'
I
','n
fixed
for
deductions
Federal
$30,408,064 $29,945,535'
Total
'
)
384,467
1,452,808
213,681
charges
Accrued taxes, other than taxes on
.
;
1,149,237
754,012
assets
' s 1 I
,
„ ,
from
leased
for
Inc.
__
——————10,009,049
I
•/
.
w
charges
Rent
1,404,405
13,974,191
receivable—net—831,206
Inventories
assets
' {
65
avail,
Inc.
1942
$9,870,276
9,500,000
securities
and. accounts
1/
31
1943
Treasury
Increase v
$14,149
1944
1943
$30,979,319 $30,965,170
60,372,422
60,604,512
year__
income
Interest
Sheet As of Dec.
of
deducts
Miscell.
of $46,000.
$7,950,878
S.
"Notes
oil-resistant and extremely dur¬
It is also being used as turrets
lining and seat covering in both bomber and fighter planes.
The plastic upholstery will provide for the first time, in peace years,
a
fireproof upholstery for use in night clubs, theatres, .civilian air¬
planes, passenger ships, buses and trucks.—-V. 159, p. 978<
'
$126,202;
I
$3.16
:
Cash
pairs, is non-smoldering, gasoline and
able under wide temperature ranges.
Utah Metal & Tunnel,
$157,672
'
currently
■
accrued on corporate books but not
Net
"$829,935 "$1,563,029
ry.
oper. income
136
Other income
15,510
/Tv?'I
Total income
"$829,499 "$1,568,539
$2,372,502
1,127,052
$2,012,893
.
Comparative Balance
for all combat ships, to provide added protection against^
The upholstery covering which will be used on furniture of all
Navy combat ships and old ships returning to service after re-|
new
paid
Yazoo & Mississippi Valley
Other
equipment
fire.
$137,641
11,438'
$167,032
159, p. 587.
Period End, Dec. 31-
____7
751,368
income
Earnings per share
ordered by the Navy as mandatory
developed by this company, has been
charges. being
months
V
39,199
-
Crl36,162
.
Dividends
that new plastic fireproof upholstery,
announced on March 9
was
9,360
February—.
of
two
y
"414,000
Assets—
It
$134,450
3,191
"Decrease,—V. 159, p. 776.
$6,329,116
1,085,061
1,418,354
219,252
__
^Federal excess "profits tart
the proceeds from the sale
of the debentures in the prepayment of $5,035,000 of its outstanding
secured notes under the 1943 loan agreement, and in the redemption
at' 102 on or about April 18 of $1,983,000 of its 10-year convertible
debentures, due April 1, 1950.
The remainder would be added to the
general funds of the company.—V. 159, p. 259.
to
intended
it
4,416
__—_______
fixed
after
First
1,097,388
$3,303,254
deductions
Federal normal and surtax,
amendment.
said
$162,616
available for fixed charges..
charges
Month
1942
$56,180,668
income
Total
Income
registration statement covet¬
of 3% % sinking fund debentures, due March 1, 1959.
Dillon, Read & Co. of New York was named as the principal under¬
writer, with additional underwriters and the offering price to be filed
$7,500,'OOO
company
_________
Period—
$46,205,563
operating profit___
Total
Registers Debentures—
The
Br8,092
Dr28,736"
—________
•being paid currently.—V.
.
by
Dr30,578
income
(net)
"Does not include interest being
preparation of
43,215,914
2,989,650
sales
Costs
merged
has filed with the SEC a
Dr22,705
1943.—V. 159, ». 978.
Ended Dec.
Years
Net
1943,
The company
—,
—
operating
railway
Net
the by-laws
date to be
Western Auto Supply Co.—Income Account—
date of merger, applicable to 3,485 shares of common
subsidiary held by stockholders who have de¬
manded payment for their stock.
ttWith respect to 4,634 shares of
first 8% cumulative preferred stock.•
'.>77
ing
105.056
$171,278-
(F. W.) Woolworth Co.—February Sales—
for doubtful accounts of $89,276 in 1943
tAfter deducting reserves of $100,000 in 1943
?Less reserves for depreciation, and amortiza¬
1943 and $1,094,090 in 1942.
§Book value at
1942.
$1,143,665
the
which
meeting,
has
reserves
1942.
in
14
78,960
108,375
—
rents.._„__
income
Income
Webster, Eisenlohr, Inc.—Meeting Postponed—
The
—_„
$215,899
taxes
taxes
facility
"Fixed
fixed.
and
_
1,308,144
equipment__^__i.___—
,of
Joint
p.- 881..
,
annual report for
and
—
1943'
$1,411,717.1,135.383
1544
$1,711,377
a—
_
income
after
Other
addition
Net
would
deducting
*
$178,829
449,748
stock
^
taxes
Other
$1,230,744
337,080
637,525
77,310
preferred stock
common
159, p. 682.
Co.~Earnings^~ ••
^
$1,418,811
on
on
surplus
of
______
expenses
income
Net
Dividends
stock of a subsidia
(par $1)
stock
25.
revenues
Total
deductions
other
Dividends
surplus
stock
Total
1,759
—
Net
cum.
Earned
June
______
Federal
subsidiary applicable
stockholders-—
of
common
8'!r
Capital
of
762,185
$2,108,317
taxes
income
Interest
—
stock
of
minority
tion
777,600
$2,341,049
10,075
profits
excess
i—i.-
credit
stock, series B.—V.
.Wisconsin Central: Railway ■
contingencies^—
for
After
758.131
826,462
:
,
payment on May 1, next, of
for 1943 on, the general mort-'
the
annum
per
$2,351,124
and
income
Gross
mortgages.,^
ftDeferred
Capital
873,456
Co.—Interest Payment—
5%
rate- of
the
at
authorized
have
directors
bonds and debenture
gage
•' 867,835
opera
uttnK._»
a
■*:
682,
p.
Month of January—'
convertible debentures..
payable maturing after one year
to two foreign subsidiaries the
investments in which were written off
Portion
214,830
-
.
___
159,
Winnipeg Electric
The
interest
„
1______ /
income
Other
owing
First pfd.
■
—
operating ;revenues_;_7_„_:
Net
Accounts
Reserve
_
■'
L
:V 614,527
852,736
of
_
Federal
10-year 5Vr
Amounts
_______—_—
taxes
"'■■■■•
payable to
notes
because
aforementioned Issue, payable March 10, clearing up all accumu¬
lations.—V,
1943
,
payments and unapplied collections in
respect of film service
Secured
conditions
war
.General
Advance
Remittances
; y:
deferred
charges
oper.
Depreciation
profits
excess
for
:.v.
$13,882,329 $12,687,550
7,954,823
7 617,928
revenues
Maintenance
Prov.
SBook
1944
'
,
Operation
1,942,375,
and
Owing to outside producers and others___,,__-_
Ended Jan. 31—
12 Months
maturing
year___
payable
Accrued
$884,000
(secured
instalment
payable to a bank
the
on
Washington Gas Light Co. (& Subs.)—Earnings—
Liabilities—
Notes
Monday, March 13, 1944
& FINANCIAL CHRONICLE
THE COMMERCIAL
1082
7
;
shipping
and
admin,
'
exps.
progress
elapse
95,782
68,988
56,811
$3,018,255
Other
before
$771,133
$787,921
income
.
merged
futility Employees Securities Co.—Date for Hearing—
The Securities and Exchange Commission has set March 21 for a
hearing
claims
of- five
status
the
on
totaling
nearly
holders
and
ment
Gilloon
V.
James
of
Jr.,
700
trustees under a 1937 pension trust agree¬
shares of Utilities Employees' preferred and
all of its common stock.
'
•
,
,
i
pointed
Assistant Treasurer.—V.
named
booked ——-—
Orders
unfilled
Sales ' billed
been ap¬
has been
The
announces
concluded
recently
to its stockholders that renegotiation pro¬
resulted in a determination that.no ex¬
refund
charge
will
Ry.—Earnings-
Net
from
Net
ry.
—V.
railway..—
from
Gross
railway—^—_
income___
oper.
159,
1944
$2,638,722
1,224,626
621,604
1942
-
1941
$2,245,441
$2,515,951
1,325,090
1,406,529
661,743
*723,121
-
of
February
First two months of year_
—V,
•:—__
$8,596,283
17,234,500
1,228,384
$650,458
Marvin
Dr.
the
R.
Thompson
Board.
pany
and
—V.
132,
has
assumed the
Presidency of this
com¬
Pfeiffer, who has been appointed Chairman of
formerly was Vice-President of the com¬
director of the Warner Institute for Therapeutic Research.
to succeed G.
pany
Dr.
a
p.
A.
Thompson
Warner Sugar Corp.—Payment to Bondholders—
The
reorganization
tfuslee were
holders
of
trustees
and Chase
National Bank
as
indenture
authorized" by Federal Judge Samuel Mandelbaum to
first
cash.
The
order
does
aggregating $1,052,000.
Judge Mandelbaum directed that the amount
applicable to these bonds be set aside pending further order by the
Court.—V.
159, p. 776.
renegotiation.
'
,
$353,701
$0.87
$525,702
$1.29
,
for depreciation for the six
months ended
six
$3,916
Zenith Radio Corp.—February
Irvin,
A.
elected
as
Irvin
a
a
control and methods of production.—•
director of
director
was
former
for the month of February were the largest
in the company's history,
according to J. J, Nance, Vice-President.
alid Director of Sales of Zenith Radio Corp. and its subsidiaries.
Zenith's
the United States Steel Corp., has
Inc.
of the Steel corporation from
of Willys-Overland Motors,
President
the
than
million
a
policies
held
Paid Through Insurance Plan—
dollars have
been
paid out
Under
the
cost
on
approximately
by workers at Willys-Overland Motors
sponsored by the company,
operative group insurance plan
nounced on March 8.
in the
it was
co¬
an¬
which has been in operation more than seven years,
weekly premium for each policy is shares by the in¬
the "Jeep" concern, the company contributing nearly
the plan,
of
the
worker and
sured
ten
and
Jr.,
159, p. 587.
for
Wilson
Co., Inc.—Declares Quarterly
&
directors
on
March
7
declared
a
Dividend—
regular quarterly,dividend
of
per share on the $6 cumulative preferred stock, no par value,
payable May 1 to holders of record April 17.
This payment will cover
the period from Feb. 1 to April 30, 1944.
$1.50
On
Feb.
1,
last,
the company declared
a
dividend of $3 per share '
its
the
present
Radionics
Corp.
of
'
•,
'
»
New
offices
President of
Zenith Radio
Corp.,
will also head the new corpora-.
Regional Manager,
Zenith Radio Dis- Zenith, products in the,
Hoeffler, for the last two years New York
Zenith, has been promoted to manager of the
Chicago
Corp.,
wholesale
distributor
of
area.
will serve as distributor for Zenith
direction of Mr. Wines, distribution,
territories formerly covered by Colen
& Gruen, New York, and E. B. Latham/New Jersey.
In
announcing 'Zenith's departure from its long established policy
of franchised
distributorships, Mr. Nance stressed that the parent
company intends to adhere to its program of independent distributors'
for Zenith radionic products,» except for the highly concentrated-areas .
of New York and Chicago.—V. 159, p. 978.
The
will
The
January, and February of
Ray
radionic
said,
of
tion.
—V.
he
of
months in
York, a subsidiary, has been
opened in the Empire State Building, New York,.
N. Y., it was announced on March 2 by Mr. Nance.
H.
J. Wipes, for the last 17 years General Sales Manager of the4
New York and Chicago branches of the Frigidaire division of General
Motors Corp., has been appointed General Manager and a director of'
the New York corporation, Mr. Nance announced.
E. F. McDonald,
Zenith
formed
tributing
the weekly premium,
coverage,
two
.
according to Ward M. Canaday, President.
includes life, accidental death and dismem¬
berment
insurance, weekly benefits during siskness and non-occupa¬
tional accident disability, a
daily hospital benefit and surgical fees.
half of
months
months
Organize New Subsidiary—
The
More Than A Million
More
shipments
this year exceeded any :
company's history. The shipments for
fiscal year exceeded those- of any
previous full year. Zenith's shipments on Feb. 29 alone also exceededany previous single day,
reaching a peak of $1,400,000.
Both
the
1938.-
to
Sales A Record—
„
776.
pay
and
refunding mortgage bonds 9r,h of their principal
not apply to bonds owned by Chase National
Bank. Corn Exchange Bank & Trust Co. and Bank of Manhattan Co.,
in
4,947,510
Willys-Overjaiid Motors, Inc.—New Director—
The
1635.
the
profit of
the
p.
10,000
(William R.) Warner & Co., Inc.—New President, Etc.
share__.
months' period.
Such operations resulted in a net
after appropriate translation of Canadian assets and
31, 1943.
(3) The provision for depreciation for the
six
months ended Jan.
31, 1944, amounted to $264,233.
(4) The
operations of L, A. Young Industries of Canada, Ltd., and its sub¬
sidiary, have been consolidated herein on the basis of the official rate
of exchange prevailing during the six months' period.
Such operations
resulted in a net profit of $57,399.83 after appropriate translation of
Canadian assets and liabilities at Jan. 31, 1944.—V. 159, p. 148.
during
Increase
$9,246,741
18,462,884
common
Notes—(1) The provision
preceding
1932
1943
978.
159, p
be
159,
Mr.
1944
,
per
31, 1943, amounted to $232,240.
(2) The operations of L. A.¬
Young Industries of Canada, Ltd., tand its subsidiary, have been con¬
solidated herein on the basis of the'official rate of exchange prevailing
$17,366,841
Spray
of
William
lyalgreen Co.—February Sales Up 7.6%—
Month
V.
been
Period-—
$744,235
$1.82
3
Jan.
;
$17,876,092
4,438,259
—
has been appointed as Assistant to the President in
company's manufacturing division in Pittsburgh.
He
concerned with such problems as coordination of the company's
L.
1,024,907
587.
p.
Earnings
^
$2,387,867
1,071.130
487,274,551
71,916,140
9,657,457
"$22,355,300
manufacturing divisions, quality
1943
230,043
Net profit
;iJ
contingencies——. '• 6,761,372
New Executive—
for that period as previously published.—V. 159, p. 978.
Virginian
32,176
280,685
134,831
v
44,382,591
adjustments— $21,959,497
(Cr)
7,157,175
of excess profits tax
"Subject to possible war contracts
Ellis
January—
.
71,571,754
income
profits were realized on Government business for the fiscal year
ended June 30, T943;—Consequently there is no change in the $3.32 per
cessive
share earnings
post-war
—
Provision for post-war
Net
company
taxes &
tax
profits tax
income before post-war
Net
Con¬
cluded—
ceedings
36,667
2,139,189
etc.
liabilities at Jan.
159, p, 881.
Co.—Renegotiation Proceedings
"714,305,303
adjust. 103,967,926
—
10,436,675
4_
before Fed.
Excess
Post-war
Chemical
Vick
Interest,
'
,'
1943
: 1942
—_———$958,967,057 $1,120,721,270
T—
885,708,065
925,449,652
12 Months Ended Dec. 31-rOrders
Income
Porter, formerly Assistant Treasurer, has
Treasurer, and Lloyd Stanton, formerly cashier,
W.
>
Westinghouse Electric & Mfg. Co.—Earnings—f
V
Income
Van Norman Co.—Officials Promoted—
Reginald
and increased cost
filed
$106,000
against the company in connection with its liquidation and dissolution.
Three of the claims were filed by Joseph A, Shields, Noel T. Dowling
and
ployees, heavier expense of training new employees,
of materials and supplies.—V. 159, p. 300.
be
Zenith
Radionics
Corp.
products.
Under
direct in
handled
the
the
.
Volume 159
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4263
1083
State and
BOND PROPOSALS AND NEGOTIATIONS
to May 1, 1944.
As of said date,
purchase of $29,- interest will cease to accrue.
(P. O, Birniing- 000
sewer
system disposal plant
La Junta, Colo.
•k'v': ham) Ala.
■
bonds.
Dated Feb. 1, 1944.
Due
Bonds Sold—Boettcher & Co. of
Bond Sale
The $413,000 re¬
March 1, as follows: $500 in 1947
Denver recently purchased an is¬
funding bonds offered for sale on
to 1954, $750 in 1955 to 1962. $1,sue
of $40,000 2% water works
March
9—v.
159, p. 978—were 000 in 1983 to
1972, and $1,500 in
awarded
ALABAMA
ceive sealed bids until 2 p.m. on
March 28 for the
Jefferson County
—
to
syndicate composed
of Watkins, Morrow & Co., Marx
& Co., both of Birmingham, Fox,
Beusch & Co., of Cincinnati, Ira
Haupt & Co., of New York, and
the
Baum, Bernheimer Co., of
Kansas City, as is, at a price of
96.25,
a
basis of about
a
the bonds
authorized at the election held on
1973 to 1978.
Feb.
17.
These
are
approved by
Rock.
Legality
Wallace- Townsend, of Little
Enclose
check
certified
a
for
$1,000.
CALIFORNIA
Colton, Calif.
$345,000 court house, jail and road
r
honds.
Dated April 1, 1944.
!
Due April 1, as follows: $12,-
City Free of Debt—Negotiations
■
'
instituted
two
in
ago,
years
re¬
gard to outstanding bonds under
the act of 1915, have terminated
in 1973.
successfully with the City of Col¬
68,000 court house, jail and road
ton declared free of all indebted¬
V bonds.; Dated May 1,
1944,: ness
thereof.
Bonds
collected
Due May 1, 1959.
from consenting bondholders have
Among the other bidders were been turned over to the City
Stranahan, .Harris & Co., Inc., Treasurer, Walter Pfunder,. for
Provident Savings Bank & Trust
cancellation, thereby making void
Co., Cincinnati, Hendrix &• Mayes, any further liability on the part
and First of Michigan Corp., for
of the city.
l%s, at a price of 99.36; Halsey,
When Mayor W. F. Sharp came
Stuart & Co;, and Ward, Sterne,
into office* in 1939, approximately
Agee & Leach, for 1 % s, at a price
$55,000 of these bonds were out¬
of 98.00; Braun, Bosworth & Co.,
standing. After studying the sit¬
.Milwaukee Co., and Trust Co., of
uation, he took the matter up with
Georgia, Atlanta, for 2s, at a price the
City
Attorney,
Martin C.
000 in 1945 to 1972 and
$9,00i>
of 101.00.
Casey, who immediately instituted
negotiations
to
liquidate
these
bonds and stop interest payments.
ARIZONA
South
Tucson, Ariz.
At present there
bonds outstanding,
but three
amounting to
$1,821, and there has been de¬
posited in the treasury of the city
in a trust fund set up for such
purpose, a sufficient amount to
redeem
these
few
outstanding
'
Utility Condemnation Proceed¬
ings Illegal—
Arizona State Attorney General
,
Joe
an
Conway recently made public
opinion serving notice of his
intention to disapprove any bonds
issued
by the town of South Tuc¬
bonds
son,* Ariz;, for the purchase of
properties
of
the
Light and
Electric
Tucson
Power
the
Gas,
Com¬
-
the
town
have
ap¬
proved
an
issue of $9,500,000
bonds to finance purchase of The
if
and
delivered
to
proportion
principal as was paid
by. the consenting -bondholders.
The bonds were issued orig¬
inally for improvements in the
Hdfetrietr-^haking a lion on : the
property of those who had not
under condemnation pro¬
ceedings.
The Attorney-General,
according.t0,reportrruledthat
such
proceedings would be il¬
legal.
paid
of
when
city for the
are
same
of their par
pany,
Voters
March
extension
1,
1
bonds.
■
assessment
in
the
district.
Those residents who did not pay
these taxes, found that their prop¬
erty became the property of the
Similarly, the citizens of State. When Mr. Sharp and Mr.
Casey started working on this
project, the city, as an agency for
and, at a later date, will be asked the
individual
taxpayers,
was
to approve a bond issue in order paying
7%
interest
on
these
.to provide the means with which bonds, representing an annual ex¬
to effect the purchase. Meanwhile, penditure of $4,000.
In addition
the SEC is said to be considering to the 7% interest, property own¬
the possible consolidation of the ers of the city were paying 10%
Arizona, New Mexico and Colo¬ of their entire property taxes to
rado holdings of the Federal Light meet'this high rate of interest.
& Traction Company, parent con- Interest payment was immediately
"cern- of the Tucson Gas unit.
stopped,
saving
10%
on
each
property, owner's taxes.
;
;
'
utility.
the City of Tucson have expressed
the desire to acquire the plant
constitution
West
tional Bank, West Palm
proved by the State Legislature
arid then be submitted to the elec¬
such
torate at
Dated
Palm
Beach
Atlantic
Na¬
Beach, at
price below par and accrued
as they may deem proper.
'
_
1944.
Due - $8,000 on
from 1954 to 1958 incl.
Drainage District, Ark.
New Liquidating Dividend—C.
Diekroeger, trustee and dis¬
bursing agent for Beaver Dam
Drainage District, Green and Ran¬
dolph Counties, is making a fur¬
ther
of
payment
dividend of 3.6%.
standing
coupons
liquidating
a
on
the total out¬
principal and interest
of the district which is
similar in amount to the last pay¬
ment as of Feb. 15, 1943, according
•'
to report.
Approximately $15,000
par value' of bonds and accom¬
panying coupons have never been
presented to the committee and
funds
pose
it
being held for that pur¬
subject to their presentation,
are
was
The
said.
>■
following
been made
on
Prin. and int.
bonds:
on
Bond
tion
Fort Collins, Colo.
Sale Details—In
the
with
sale
of
]
connec¬
the
bonds
aggregating
$60,000,
report
of
appeared in our issue of
March 6, Miles F. House, City
Clerk, reports that the bonds were
which
sold to Boettcher &
ver,
at par,
as
Co., of Den¬
follows:
$25,000 refunding bonds. Due May
1, as follows: $4,000 in 1945,
$5,000 in 1946 to 1948, and $6,000 in 1949.
35,000 refunding bonds. Due May
1, as follows: $6,000 in 1950
v
1951, $7,000 in 1952, and
$8,000 in 1953 and 1954.
and
Dated Feb. 1,
have
"
bonds
3.6%
2.4%
Mar. 29, 194L.
Dec. 22, 1941_.
2.4%
May 12, 1942„
3.6%
Feb.
15, 1943^
Statewide referendum.
'
-.
.
-
^
GEORGIA
AuBurndale; and
$229,940 bonds are
designated Series A bonds, and
are
secured
by
unlimted
ad
valorem taxes to be levied on all
With
among
Town
mer
of
the remaining
Georgia
Constitution
tee
to
Hold
payment at Montgomery County
Loan & Trust Co., Hillsboro.
(State of)
Revision
Commit¬
home¬
it is now
constituted.
Principal and inter¬
est payable at the Chase National
Bank, New York.
These bonds
are issued for the purpose of re¬
in
the
city
as
of
fiscal
a like amount
of bonded indebtedness of the city,
funding and retiring
delivery
the
Treasurer's office.
Mr. House also
on pro¬
commission
The
ordered
the
hearings after subcommittees re¬
payment at chairman, Governor Ellis Arnall
Bank, New announced
that
copies
of The
April 1, 1944. The pur¬ recommendations of the subcom¬
York,
on
chaser will
National
be
furnished without
mittees would be made public so
cost and as soon as available the any group desiring to be heard
legal opinion of Wood, Hoffman, could appear before the full com¬
King & Dawson, of New York, mission.
and bids may be conditioned only
James V. Carmichael, one of the
to that extent.
The award of the
bonds will be made to the bidder
as
determined by the
subcommittee chairmen, predicted
"plenty of fireworks" if any at¬
is
made to consolidate
tempt
City Coun¬ counties.
some
He said he understood
effort would be made to re¬
discretion, provided that the right duce
is reserved by the
reject
any or
Georgia's 159 counties to
City Council to about 50. He explained his sub¬
Enclose a committee
would
have
public
all bids.
certified check for 2%
of the par
value of the bonds.
Boca Raton,
,
Bonds
To
Village Treasurer,. calls for pay¬
on April 1, 1944, at par and
interest $3,000 3V2.% judg¬
ment funding bonds, dated March
1, 1942, due Oct. 1, 1961, Nos. 1
to 3.
The bonds with all matured
and unmatured coupons attached
ment
accrued
should be presented for payment
at the Northern Trust Co., Chi¬
cago.
INDIANA
make
and
Chase
cil in its absolute and uncontrolled
Bond Call—Miles F. House, City
Clerk, reports that all outstanding
10,100.61 4% Conduit bonds, dated-May
1,
6,733.74 1934, maturing May
1, 1949, re¬
6,733.74 deemable May
1, 1944, are called
10,100.61 for immediate payment at the
City
public hearings
posed changes during the week of
April 10.
being all of the bonded indebted¬ ported Jan. 6 that their work
ness
of the city, and the pur¬ would be completed within the
chaser will be required to accept next
month.
As
commission
making the most advantageous bid
■
those expected to be raised,
commission undertaking the re¬
vision
of
Georgia's constitution
.
:
Fla,
hearings before drawing its
ommendations
mission,
What
for
the
full
rec¬
com¬
Be
Redeemed—Fred
/
,
Bond Call—William S. Delaney,
interest
a
will hold
Villa Park, III.
Hearings in April—
matters
changes- will be recom¬
•Yb- vY-Y
$33,668.70 reports that: funds are now on C.
Aiken, Town Clerk and Treas¬ mended on the subject of taxation
hand and the City Treasurer will
and other matters of fiscal in¬
Stamps, Ark.
urer, advises that the Town will
Bond Offering — Martha
terest
has
not
been
Sue pay the par value thereof plus on
indicated,
May 1, 1944 redeem six of its
Johnson, City Recorder, will re¬ all' interest which will accrue up bonds known and designated as pending the ; completion( of the
ap¬
cedure—The
1944. Denomina¬
tion $1,000.
Principal and inter¬
est payable at the City Treasurer's
deposited ___„_„_L_$280,572.50
Less distributions'made:
.
be
Court Rules On Refunding Pro¬
office.
payments
to
Dundee, Fla.
'
Montrose
steads,
COLORADO
W.
have
Hawaii (Territory of)
Bond Call—W. D. Ackerman, Jr.,
following report of
County School District
Territorial Treasurer, reports that
a Florida Supreme Court decision
No. IS (P. O. Montrose) Colo.
all
4Vz %
public
improvement
appeared in February issue of
Bond Call
bonds of 1924, Nos. 1 to 2285, are
Frank E. Spencer,
Municipal Law Court Decisions,
called for payment on April 1,
County Treasurer, calls for pay¬
published by the National Insti¬
ment on April 1,1944, at his office,
1944.
YYY/Ya °;':YY
tute of Municipal Law Officers:
bonds Nos. 11 to 20, issue of April
Dated April 1, 1924. Denomin¬
"Where insolvent town entered
ation $1,000. Due. April 1, 1954,
1, 1924, for $1,000.
■
into composition agreement with
On and after date called the
all creditors except plaintiff, who
FLORIDA
Territory of Hawaii will pay,
held bonds purchased at less than
either at the Territorial Treasur¬
face value, and town did not per¬
Auhurndale, Fla.
er's office in Honolulu, Oahu, T,
fect its plan under the bankruptcy
Bond Offering—J. Wiley
Jones,
H., or at the Bankers Trust Co.,
act, the plaintiff was held to be
City Clerk, will receive sealed
New York City, the principal of
bids until 11 a.m. on March 18 for entitled to recover full value of said bonds
together With interest
the following bonds aggregating bonds he held, not being bound accrued
thereon, upon presenta¬
by the agreement of the creditors.
$260,540:
tion and surrender of said bonds
Town of Dundee v. Pressgrove,
$50,540 3 % % refunding issue of
accompanied by all unpaid ma¬
(2d)
448
(Fla. Nov. 9,
1944. Due Aoril 1, as follows: 15 So.
tured coupons and all appurtengrT
$5,540 in 1945, $5,000 in 1946. 1943)."
coupons maturing after said date.
$-3,000 in 1947 to 1952, and $4,«
Miami Beach, Fla.
Interest ceases on date called,
000 in 1953.
Bond Election—C. W. Tomlinson,
ILLINOIS
110,000 3V'i% refunding issue of City Clerk, reports that at a spe¬
1944. Due April 1, as follows: cial election on
April 4, the Free¬
Chillicothe, III.
$2,000 in 1953, $7,000 in 1954 holders will vote on the question
Bond Ordinance Passed —r An
to 1957, $8,000 in 1958 to I960, of
issuing $920,000 bonds for the ordinance calling for an issue of
$9,000 in 1961 to 1963, $10,000 purpose of purchasing the Bay$8,000 water revenue bonds has
in 1964 and 1965, and $9,000 in shore Golf Course.
At the same been
passed by the City Council
1966.
time they will vote upon the issu¬
Cicero, III.
100,000 314% refunding issue of ance of $500,000 bonds for the
Bonds Publicly Offered—A. C.
1944. Due Aoril 1, as follows: construction of a water
supply
:
$1,000 in 1966, $11,000 in 1967 main across Biscayne Bay, and the Allyn & Co., of Chicago, are ' Of¬
and 1968, $12,000 in 1969 and issuance of
$32,747
312%
judgment
$250,000 bonds for the fering
1970, $13,000 in 1971 to 1973, construction of additional trunk funding bonds. Due Feb. 1, 1964.
and $14,000 in 1974. Optional lines
and
improvements to the DeWitt Township (P O. DeWitl)
for
redemption
in
inverse City's pumping facilities.
If the
lU.
numerical order prior to ma- bonds are
approved, the City will
Bonds Voted—An election held
Y
turity on any interest pay- shortly thereafter advertise for
recently resulted in favor of is¬
W ment date on or after April 1, bids.
suing $30,000 road bonds.
1955, upon terms of par and
Pinellas County Special Road and
Lonon Mills, III.
accrued interest.r
Bridge Districts
(P.
O.
ClearBond Election to' be Held—An
.Dated April 1, 1944. Denomina¬
^mater L Fla.
-electionhas-been ^allediarJ^^
tions /$l,db0~' • $500, $loO.-';"and' brie
Bond Sale—The $70,000 coupon 22 to submit to the voters an issue
for $240.
Of said bonds $30,600
SBA refunding series 1944 bonds of
$5,000 water system bonds.
consisting of $600 maturing in offered
March 7—v. 159, p. 883—
1945, $2,000 in 1953, and $7,000 in
Montgomery County, Coalton Sch.
were awarded to the Florida Na¬
1954 to 1957, are designated Se¬
District No. 48, III.
tional
Bank
and
the
Clyde C.
ries B bonds and are secured by
Bond Call—S. B. Brown, School
Pierce Corp., both of Jacksonville,
unlimted ad valorem taxes to be
Treasurer, calls for payment at
in joint account, as 1.80s, at a
levied on all taxable property in¬
price of par. Second high bid of par and accrued interest on April
cluding homesteads, in the city
100.396 for 1.90s
was
made
by I, 1944, 4% refunding bonds No.
excepting that certain property
3 in the face value of $500. Dated
Barcus, Kindred & Co. The bonds
which was exempted from taxa¬
are dated April
1, 1944 and ma¬ April 1, 1939. Due April 1, 1959.
tion by Chapter 10301, Laws of
The bond with all matured and
ture April 1, 1951.
Florida 1925, for payment of in¬
unmatured interest
coupons at¬
debtedness incurred by the for¬
tached should be presented for
Interest M-S.
taxable property, including
ARKANSAS '
Beaver Dam
;
a
will
interest
,
-
■
.bonds may tender the same at the
—
1.77%, as
follows:
•
system
March
refunding bonds, issue of May 1, work of the various subcommit¬
1934, Series A, of the .par value of tees,
-■
■.-'
■;/.
To become effective, the revised
$500 each.
Holders of any such
Wayne, Ind.
Would
Acquire
Competitive
Power PlantPursuant to a contract unani¬
Fort
mously ratified by Fort Wayne,
Ind., City Council on March 1, the
Chicago investment firm of C. W.
McNear & Co. will act as agent
the
for
municipality
in
future
proceedings looking toward pos¬
sible acquisition by the city of the
properties of the Indiana Service
Corp., value of which is estimated
between $14,000,000 and $16,000,000.
Under the terms
of the
agreement, fee for the company's
sex-vices is wholly contingent upon
actual consummation of the pur¬
chase
and
cost of the
to
a
will be based on the
project to the city, up
maximum of
1%.
The Indiana Legislature
in 1943
passed a law requiring that bonds
v
Monday, March 13, 1944
FINANCIAL CHRONICLE
THE COMMERCIAL &
1084
KENTUCKY
Secretary
chett,
of Police
Jury,
of
of
Acts
the
The
1943.
■.<*
Treas¬
! 10 a. m. on March 24 for the pur¬
issued^y local units, general obli¬ chase of $500,000 primary road
reports that the bonds were sold urer reserves the right to reject
Hickman County (P. O. Clinton),
gation or revenue, be offered at
as follows: $7,000 maturing Nov. l;
any or all bids which are not in
refunding bonds.
Dated May 1,
"AAA; Ky.
in his opinion advantageous to the
public sale and forbids municipal¬
$1,000 in 1944 to 1946, $2,000
1944. Due May 1, as follows: $30,Bond Sale—The $51,000 school
ities from making contracts, for
ainterests of the Commonwealth,
1947 and 1948 as 2%s; $18,000 ma
000 in 1945 to 1948, $100,000 in building revenue refunding bonds
the furnishing of legal, engineer¬
turing $2,000 Nov. 1, 1949 to 1957, Enclose a certified check for 2%
1957
offered March 7—v. 159, p. 883—
ing or other services with any 1949, and $280,000 in 1950. Pur¬
as 2s, and
$15,000 maturing Nov, of the amount bid for, payable to
chaser
to furnish blank bonds. were awarded to Stein Bros. &
concern
or
corporation which is
1, $2,000 in 1658 to I960, and the Treasurer and Receiver-Gen¬
The approving opinion of Chap¬ Boyce of Louisville, the only bid¬
interested as a
bidder or pur¬
eral.
AA
%;A) A
$3,000 in 1961 to 1963 as iy2s.
man
& Cutler, of Chicago, will der,
at a net interest cost of
chaser of the bonds.
%%%%:
be furnished by the county.
A 1.03%, as follows:
Milford, Mass.
Caddo Parish (P. O. Shreveport)
In connection with the current
certified check for 3 %
of the
'.-v.:, AAiAA La. ' :)A,AA:i■ ■;
Note Sale—Ths Second Nation¬
proceedings, it is pointed out that
$33,000 3% refunding bonds. Due
bonds is required.
'
•>
Report Was Erroneous—Roscoe al Bank of Boston was the suc¬
Oct. 1, as follows: $3,000 in
the city of Fort Wayne has suc¬
Wh i t e,
Superintendent of cessful, bidder on March 4 for the
1944 and 1945, $4,000 in 1946, H.
cessfully
offered
a
light and
Pleasant Hill, Iowa
$3,000 in 1947 and 1948, $4,000 Schools, reports that the report $200,000 notes, at 0.348% discount.
power plant for 35 years and the
Plans Bond Election—An elec¬
in 1949, $3,000
in 1950 and that an election was called for Due Nov. 10, 1944. Other bidders
purchase of the Indiana Service tion will be held soon on the
Co. properties will eliminate the
1951,
$4,000
in
1952,
and April 25 to submit to the voters were:
/aaSSAAai■
question of authorizing an issue
was erroneous.
Bidder—
1,
Discount
competitive situation and avoid of
$3,000 in 1953.
$30,000 bonds to finance. re¬
Merchants National Bank, Boston^ 0.374 '/o
the needless waste resulting from
18,000
3V4%
refunding bonds.
St. Landry Parish
W. B. Coy AAA
building of school destroyed;; by
0.40
%
Due Oct. 1, as follows: $3,000
duplication
of .! facilities.
The fire.
First National Bank, Boston...
0.40
(P. O. Opelousas), La.
i
in
1954 and 1955, $4,000 in
municipal law firm of Chapman &
Bond Sale—The issue of $100,Newton, Mass,
Cutler of Chicago has been re¬ Pocahontas County (P. O. Poca¬ i1956, $3,000 in 1957 and 1958,
000 airport bonds offered March
hontas), Iowa
tained to study the various legal
Note Sale—The $1,000,000 notes
t;\ and $2,000 in 1959.
7—v. 159, P. 980—were awarded
offered for sale on March 9 were
Bond Offering — The County
problems involved in the proposed
; Subject
to redemption in in¬ to Glas & Crane, also Scharff &
acquisition and the financing in¬ Treasurer will receive bids until verse numerical order at any in¬ Jones, both of New Orleans, and awarded to the Newton Trust Co.
cident thereto.
Aside from the 3 p. m. on March 24 for the pur¬ terest due date on or after April
at 0.31% discount, plus a premium
Barrow, Leary & Co. of Shreve¬
McNear proposal, the city con¬ chase of $125,000 primary road
of $10.
Due $500,000 Nov. 3 and
1, 1949, at par, plus lA of 1% for port, in joint account, on a bid
sidered a competitive offer made refunding bonds.
Nov. 14, 1944.
r
Dated May 1, each year or fraction thereof in figuring a net interest cost basis
by Stifel, Nicolaus & Co. and 1944.
Due
May * 1, as
follows: advance
of
City
Closes
Year On
Sound
maturity.
Interest of about 1.4304%. The bonds ma¬
A. C. Allyn & Co.
$5,000 in 1945 to 1948, $25,000 in A.-O.
ture March 1 as follows: $5,000 in Financial Basis—For the first time
1945 and 1946; $6,000, 1947 to 1951 in many' years, the city of Newton
1949, and $80,000 in 1950.
Pur¬
Johnson County (P. O. Paintsville),
IOWA
chaser
to furnish blank bonds.
incl.; $7,000, 1952 to 1955 inch and opened the year free of debt as
Ky.
The approving opinion of Chap¬
Bettendorf, Iowa
far as temporary loans were con¬
$8,000 from 1956 to 1959 inch
Bond Sale—An issue of $4,000
Bond Sale—The White-Phillips man & Cutler, of Chicago, will be
cerned, according to the financial
MAINE
furnished by the county. A cer- 3%% school building bonds was
Co., of Davenport, recently pur¬
figures compiled at the close of
recently, at par, by
tifed check for 3% of the bonds is purchased
chased $3,600 refunding bonds.
1943
Portland Water District, Me.
Stein Bros. &
■
)tfV
•
;
.
held
quisition and maintenance
■
were
voted.
.
.
Offering
Bond
..
.....
Mount
only
bidder.
tions $1,000
—
as
Dated
and $500.
Jan.
1,
Denomina¬
J-J.
Interest
1942.
The County
Treasurer will receive bids until
10 a. m. on March 27 for the pur¬
boqds
Independent School Dis¬
Decorah
the
Ringgold County (P. O.
Ayr), Iowa
election
recently $60,000 airport ac¬
the
Voted—At
Bonds
Boyce of Louisville,
required.
Carroll, Iowa
Due Jan. 1,
and 1948,
follows: $500 in 1946
and
Sub¬
$1,000 in 1950 to 1952.
ject to redemption on any interest
primary road due date upon 30 days' notice at
trict, Iowa
refunding bonds.
Dated May 1, par plus accrued interest plus a
Plan Election — It is reported
1944. Due May 1, as follows: $25,- premium of 4% of par if on or
unofficially that an election has
before July 1, 1946, and on the
000 in 1948, and $400,000 in 1949.
been called for March 13, to sub¬
Purchaser to furnish blank bonds. same terms thereafter except that
mit to the voters an issue of $15,The approving opinion of Chap¬ if it is on or before July 1, 1951,
©00 school improvement bonds. .■/<*
the premium shall be 2%, and if
man & Cutler, of Chicago, will be
Dickinson County (P. O. Spirit
furnished by the county. A cer¬ thereafter no premium need be
Lake), Iowa
tified check for 3% of the bonds paid. Principal and interest pay¬
Bond Offering — The County is
able at the Second National Bank,
required.
Treasurer will receive bids until
Paintsville. Legality approved by
Sac County (P. O. Sac City), Iowa
3 p.m. on March 23 for the pur¬
Woodward, Dawson & Hobson, of
Bond Offering —• The County
chase of $350,000 primary road
Louisville.
refunding bonds.. Dated May 1, Treasurer will receive bids until
Kentucky (State of)
1944. Due May 1, as follows: $25,- 10 a. m. on March 21 for the pur¬
primary road
fcijl Would Free Toll Bridges—
000 in 1945 to 1948, $70,000 in 1949, chase of $350,000
and $180,000 in 1950. Purchaser to refunding bonds.
Dated May 1, A new bill proposing the freeing
furnish blank bonds. The approv¬ 1944. Due May 1, as follows: $20,- of Kentucky's eight intrastate toll
ing opinion of Chapman & Cutler, 000 in 1945 to 1948, $70,000 in bridges July 1 was introduced in
of Chicago, will be furnished by 1949, and $200,000 in 1950. Pur¬ the State Legislature Feb. 25*~by
to
furnish blank bonds. Senator Strother Melton, Paducah
the County. A certified check for chaser
The approving opinion of Chap¬ Democrat.
•
•
'
3% of the bonds is required.
man & Cutler, of Chicago, will be
Replacing a measure which Mr.
Ida County (P. O. Ida Grove),
furnished by the county.
A cer¬ Melton previously had introduced
%% ■'
A'I
l°Wa
A AA%yA tified check for 3% of the bonds and then had recommitted when
Offering
Bond
—
County
bids until
The
will receive
Treasurer
of
chase
is
$425,000
required.
..
p.m.
The city borrowed
connec¬
$1,300,000
$400,000 last year in anticipation of rev¬
enue for the year and the entire
1%% refunding bonds to Arthur
Perry & Co., of Boston, report of sum was repaid before the end pf
which appeared in our issue of the year.
with the sale of the
March 6, we are now
advised that
The
take the
and
ity
Mitchell, of New York.
each case, some
carried
MASSACHUSETTS
(P. O* Salem) Mass.
Offering—Lena II. Green,
Essex County
-Note
Temporary County Treasurer, will
receive sealed bids
until 11 a.m.
over
of the loans were
until the succeeding
year.
The
city
treasurer
been
has
authorized to borrow this year a
or
sum
exceeding $5,-
not
sums
346,000 in anticipation of revenue.
It
is expected that it will
be
necessary to borrow only q frac¬
(EWT) on March' 14 for the pur¬
of $50,000 industrial farm
tion of that sum,
T
loan/ chapter 126 notes, at a dis¬
As.for the. bonded debt, Mayo)*
count. Dated March 15, 1944. De¬
Paul M. Goddard revealed in his
nomination $5,000. Due March 15,
1945. Payable at the Merchants inaugural address that the total
has be^n reduced about $2,000,000
National Bank, Salem or at the
in the past four years by the re¬
First Nat'l Bank, Boston. Delivery
tirement of bonds.
on or. .ahaut March 15, .1944, at .the
The payment bf taxes last year
National Shawmut Bank, Boston.
reached
a
high point and was
The notes will be certified as to
largely responsible for the finan¬
genuineness and validity by the
cial situation that enabled the city
National Shawmut Bank, Boston,
to borrow $300,000 less last year
under advice of Ropes, Gray, Best,
chase
Somerville, Mass.
(State of)
Offering — Francis
Massachusetts
on
preceding year.
than in the
Coolidge & Rugg, of Boston.
money
necessary
current
borrowed for
sum
March 1, 1944, expenditures of the city govern¬
mature March 1, 1972. Legal¬ ment in 1942 was $1,600,000 and in
approved
by
Masslich & 1941 the sum was $1,900,000. In
the bonds are dated
opposition developed, the new bill
would
*
Details—In
Sale
Bond
tion
Sioux County (P. O. Orange City),
Bond
X.
March 21 for the pur¬
for
bond
retirement
from
the
IoWa
'
chase of $260,000 primary road IState highway fund, from balance Hurley, State Treasurer, reports
Bond Offering — The County
refunding bonds. Dated May 1,
left after freeing four interstate that he will receive sealed bids
1944. Due May 1, as follows: $15,- Treasurer will receive bids until
bridges and from tolls collected until noon (EWT) on March 17
000 in 1948, and $245,000 in 1949. 10 a. m. on March 22 for the pur¬
at the eight spans between now for the purchase of the following
Purchaser to furnish blank bonds. chase of $500,000 primary road
and
July
1.
The earlier
bill coupon bonds aggregating $1,750,-The approving opinion of Chap¬ refunding bonds.
* -,
Dated May 1, would -have used the highway 00C:
man & Cutler, of Chicago, will be
1944. Due May 1, as follows: $30,fund surplus.
$500,000 Boston Airport — 1941
furnished by the County. A cer¬ 000 in 1945 to 1948, $100,000 in
A measure identical to Mr. Mel¬
bonds.
Due $125,000 April 1,
tified check for 3% of the bonds 1949, and $280,000 in 1950.
Pur¬ ton's new proposal was introduced
1945 to
1948.
Chapter 695,
is required.
chaser
to
furnish blank bonds. in the House under
Acts of 1941.
v
joint sponsor¬
The approving opinion of Chap¬
ship of Representatives Charles
I,250,000 Commonwealth Airport
Lyon County (P. O. Rock Rapids),
man & Cutler, of Chicago, will be
W.
Burnley
of • Paducah,
Roy r;
.'0 Iowa AA/A:%A%:):A-—-Boston improvement bonds.
furnished by the county. A cer¬
Due April 1, as follows: $280,Copeland of McCracken County
Bond Offering — The County
tified check for 3% of the bonds and
A.
L.
Love
of
Marshall
000 in 1946 to 1948, and $410,Treasurer will receive bids until
is required.
000 in 1949. Chapter 528, Acts
County, all Democrats.
3 p.m. on March 22 for the pur¬
3
,
*.
:
'
Note
.
Sale—The issue of $500,-
March 8 was
Merchants Na¬
tional Bank of Boston, at 0.40%
discount. Due Nov. 28, 1944. The
Second National Bank of Boston,
offered
notes
000
next
the
to
awarded
high
rate
bidder, named a
of 0.416%.
Weymouth* Mass.
Note Sale—An
March 3
notes offered for sale on
discount.
sold at 0.35%
was
A;A A..
issue of $400,000
t M
Due
.
primary road re¬
funding bonds. Dated May 1, 1944.
Due May 1, as follows: $15,000 in
1945 to 1948, $50,000 in 1949, and
$140,000 in 1950. Purchaser to
chase of $250,000
furnish blank bonds. The approv¬
ing opinion of Chapman & Cutler
of Chicago, will be furnished by
the County. A certified check for
3% of the bonds is required.
•
Osceola
County (P.
■
jk
%
Offering
—
The
Treasurer will receive
10
a.m.
chase of
funding
on
County (P. O. Northwood),
Iowa
Bond
The County
Treasurer will receive bids until
10
a.
Offering
chase
of
County
bids until
March 23 for the pur¬
The
&
opinion of Chap¬
Cutler, of Chicago, will be
furnished by the county. A cer¬
tified check for 3%
is
ing opinion of Chapman & Cutler
of Chicago, will be furnished by
the County. A certified check for
3% of the bonds is required.
Northern
Treasurer
will receive
Bond
and
at
a
until
7
0.853%.
for
Co.,
Due
in
was:
Co., for Is, at
a
paid off
on
left
the
of
the Commonwealth
LOUISIANA
sale
on
the
to
Chicago
March
1.
as
Halsey, Stuart
price of 100.677.
entire $1,-
Bossier Parish
Bond
tion
Sale
with
the
sale of
the
of
Hattier
Shreveport,
&
Sanford,
and
crued
interest
bonds
will be
furnished
$40,000
1, 1947: All
refunding
A; interest
refunding notes of 1937, series B,
Nos. 8, 11, 12, 14, 16, 18, 19, 34,
35, 37, 40, 44, 45, 47 to 64 and
1, 1937, payable Nov.
outstanding
interest
notes of 1937, Series
68
to
of New
notes should be
the Manufacturers
The
70.
to
a
State
award by the Treasurer
cessful
bidder
approval
Or-: Council
of
on
is
the
the
to a suc¬
subject to the
Governor
bonds issued
and
un¬
Detroit for pay¬
date
Interest shall cease on
called.
will include accrued interest. Any
White,
the following in¬
notes dated Nov.
ment.
connec¬
Sewerage District No. 1 improvebonds to Barrow, Leary &
Co.,
on
«.
Lake Township
No. 2 (P.
"'A
■
School District
O. St. Clair
Shores)
Mich.
Other
Bidders—Matthew Carey,
Refunding Agent,
submits the fol¬
lowing list of other
bidders for the
$405,000 refunding of 1944 bonds
recently awarded to a syndicate
headed by H. V. Sattley & Co., of
at a net interest cost of der Chapter. 695 of the Acts of
1.78%, report of which appeared 1941, and of the Governor on the)
Detroit, at 100.049, a net interest
in our issue of Feb. 21, D. E. Bur- bonds issued under Chapter 528
ieans,
*1
payment
and ac¬
terest refunding
National Bank of
bid.) The purchasers
H. Burbank,
Clerk, calls for
April 4, 1944, at par
Village
the premium
copy of the opinion of the
Attorney-General affirming
the legality of the issues. All bids
mend
Park, Mich.
April 1, 1944, less the amount of
with
(P. O. Benton), La.
Details—In
(total interest
Allen
delivered
these
of Boston.
Note Call—Stanley
for the duration of the loans from
of
$21,374 in 1945, and $22,~
1946 to 1954.
Among the
other bidders
total of balances
vington and Catlettsburg bridges.
awarded
Trust
the
$219,374 fund¬
offered
were
of interest only on the
750,000, which rate must be a
For retiring their debt multiple of lk of 1%. In compar¬
the bill would take $1,250,981.25
ing bids preference will be given
from
the
highway
funds
and to the bidder whose bid provides
$191,541.18, named in the meas¬ for the lowest net interest cost to
as
sold to the Sec¬
ond National Bank
MICHIGAN
plained.
Kan.
follows:
&
eight intrastate spans are the only
ones in that class, Mr. Melton ex¬
15, 1944.
The notes were
of 1943.
by the bill are those at BoonesDated April
1, 1944. Denom.
boro, Burnside, Canton, Eggner's $1,000.
The bonds may be ex¬
Ferry, Smithland, Spottsville, Ty¬ changed for fully registered bonds.
rone and Paducah.
The measure
The bonds when put into regis¬
would require payment of bonds
tered form cannot be reissued as
on bridges where tolls have been
coupon- bonds.
Bidders will sub¬
collected 10 years or more, but the
mit one bid and name one rate
Paducah-Brookport, Newport, Co¬
Braun, Bosworth & Co., as Is,
price of 100.788, a basis of
about
000
bids
Sale—The
bonds
intrastate*bridges affected
when bonds were
KANSAS
March
County
:
Kansas City,
ing
The
The
ure
furnish blank bonds. The approv¬
—
of the bonds
required.
1948, $40,000 in 1949,
and $114,000 in 1950. Purchaser to
burg), Iowa
May
approving
$194,000 primary road re¬
bonds.
Dated
May
1,
Offering
road
primary
Dated
bonds.
Purchaser to furnish blank bonds.
000 in 1945 to
Bond
$80,000
1,
1944. Due May 1, as follows: $20,000 in 1949, and $60,000 in 1950.
refunding
1944. Due May 1, as follows: $10,-
Palo Alto County (P. Q, Emmetts-
—
March 25 for the pur¬
on
m.
man
O. Sibley),
Iowa
Bond
Worth
Nov.
/}|
*jl
Volume 159
<■
n
of.
cost
159,
V.
Inn,
p.
2,958%,
980:
»
'I
II
M
Einhorn
&
Co.,
&
Kindred
-_.il:..-3.05.
100.107
••••
&
100,00
■
100.07
3.09
Assoc.
Price
■>.:
3.02%
Co.,
Kenower
and
•
in
& 'Co.,
Assoc.
Miller,
Co.,
■
100.002
' 3.24
■
Oakland County
(P. O. Pontine) Mich.
Tenders Wanted—The Board of
County Road Commissioners will
receive; sealed tenders until 10
a.m. on March 13 for county high¬
way
improvement
(covert)
re¬
funding bonds, dated Nov. 1, 1935,
and due Nov. 1, 1958, subject to
prior redemption.
' , '
,
Royal Oak School District, Mich.
Tenders Wanted—A.
C. Dun¬
ham, District Secretary, will re¬
ceive sealed tenders of 1935 re¬
,
funding bonds Series A, dated
Oct. 1, 1935, of the district, until
7:30 p.m., April 13. About $15,000
is available for purchase at the
present time.
:
1,
Troy, Avon, Bloomfield and PonTownships Fractional School
No
No.
sinking funds.
also held
—
G. J.
Ferrand, District Treasurer,
ports that no tenders were
re¬
with
connection
in
of $400,000
bonds,
these
bonds were sold prior to the elec¬
tion to the First Trust Co., Lin¬
authorized
an
issue
revenue
r
and
are
other
:
claims
in
full
settle¬
ment of the claims.
Adoption of the proposed plan
would
the end of efforts to
mean
2V4S, at a price of 100.05, try to reach a private agreement
basis of about, 2.24% ;~~w. 159, with property owners who have
a
p.
re-
as
fallen far behind in their taxes.
885.
Orchard School District,
Plan To
Bonds
Refund
Neb.
The
—
The compromise
policy has been
attacked- by Leslie H. Jamouneau,
MINNESOTA
v
Briggs, Village Clerk, re¬
ports that no date has been fixed
as-yet for an election to submit
to the voters $60,000 or $70,000
bonds, to buy the present light
plant of the village, and to fur¬
nish money for a post-war proj¬
ect by improvement to the sysMinnesota (State of)
Plan Drafted—
Post-War: Tax
/
Note
Bond Election Date Not Fixed—
A.
tem the
NEW HAMPSHIRE
Elk River, Minn.
H.
Manchester, N. H.
Sale—The $800,000
offered for sale
awarded
to
on
the
I section of the State, proposed:
Reduction and eventual abolish¬
-
ment of the State tax
estate,
•
levy
on
is able to enter into
were
with the city
National
Bank of Boston at 0.38% discount,
laws
r
and
tax
forms
to
avoid
confusion and expense to citi*
■"
zens.
.
'
Permanent
•
suspension of State
Hanover
Bank
&
Trust
York
New
Strafford
County
(P.
O.
Dover)
for
offered
sale
$120,000
Reduction in State income tax,
since
on
March
7—
p. 981—were awarded to
the First Boston Corp., at 0.389%
v.
159,
discount,; Dated March 15, 1944.
Due Dec. 15, 1944.
The next high¬
Bank, Dover, at 0.419% discount.
present rates provide more
is needed to
meet public
than
NEW JERSEY
■needs.
Use of
surplus funds to
pay
debt,
reduce taxes and provide a post¬
Application
of
"acid
tests" to
post-war projects to avoid waste,
Formulation of adequate plans
v
.
:
war
workers.
the
front"
"home
strong.
J. S.
"
.
MISSISSIPPI
'
Rippel & Co.
Established 1891
18 Clinton St., Newark 2, N.J.
De Soto and Tunica Counties, Lake
Cormorant Drainage District (P.
O,
MArket 3-3430
N. Y. Phone—REctor 2-4383
offered
for
sale
held
the
retire
bonds
general funds despite the
Citv's iailure to collect the
assessments
The
that
paving
they became due.
Court stated that the legis¬
intent
was
that the only
for the payment of the
bonds
was
to be
a
liability in
rem
and not in personam
city had
no
and that the
right to enforce the
collection of the assessment in any
other
than that provided
The statute gave the
bondholder the right to foreclose
in the event the city failed to
foreclose after the abutting prop¬
erties became delinquent and that
right was exclusive. "Munroe v.
City of Albuquerque,"
manner
by statute.
Note
on
March 6
notes
were
the
Bank
of
West¬
at 0.49%
March 9, 1944.
The next high¬
Mamaroneck (Pi O.
n.y.
■
Mamaroneck),
m
Certificate Offering—The Town
'
-
Contract—A group vised that the proposed change Of .the Jan. 31
aggregate, $2,476,of,- Kirkpatrick-Pettis( has, been .approved by Walter 932,784 was held by the public
Wachob Bender^ Corp.,v.Na¬ Darby,•fLocal-Government>Com-: and $526,549,075
by municipal
Co.,
-
obtain
of
amounts
is
consequential
for
(a) the
(b) the
operations,
and (c) certain grants-in-aid to
its school districts and political
revenues
payment of State debts,
maintenance
State
of
subdivisions.
2. The annual requirements for
the State debt are a very minor
cies.:
tunity for public comment on a
proposed project is after the proj¬
ect
has been approved by the
Housing Authority, by the Plan¬
ning Commission, and is before
the
Board
action.
of
Estimate
for
final
Criticism and suggestions
for changes at that time can only
result in obstructing the project
and
delaying final action.
This
bill would provide for public com¬
ment when criticism could be
used,
constructively.
Public
housing
projects
stand for at least 60 years.
will
These
projects are designed to wipe out
slums permanently and to create
a
type of community condu¬
health, welfare and safety.
Public housing projects profound¬
ly affect schools and transporta¬
new
cive to
tion systems.
and
are
Stores, commercial
other neighborhood interests
likewise affected.
The provi¬
sion of hearings for expression of
neighbbrhood,
taxpayers
a p d
other
citizens'
comments
on
the
proposed projects would be a wise
precaution as well as sound pubr
lie relations for the Housing Au¬
enues.
3. The accumulated surplus of thority.
some $148,000,000 as of March 31,
Otego (P. O. Otego) N. Y,
portion of its total expenditures,
being well covered by annual rev¬
1944, is being reserved for
construction
war
other
Certificates
bill
To Be Issued — A
introduced in the Assem¬
was
bly recently authorizing the Town
to borrow money by issuing
$10,000 not to exceed 5 % certificates
of indebtedness to purchase a fire
truck.
.
The bill is subject to a permis¬
sive referendum.
Certificates to
mature in
1
to 5 years.
Utica, N. Y.
debt has been reduced within the
13.4%,
Borrowing Measure Introduced
by as —Under the provisions of a bill
reduction introduced in the Senate by Wil¬
latter
the
years,
as
the
liam
being $72,828,038.
H.
Hampton, of Utica, and
6. Substantial ^mounts nf hQnds .referred to the
will
mature
As
years.
52.5%
or
Cities Committee,
the next 10 the City IF^ermnteff^ttrl3mTOw~
much as $204,158,000 money on temporary loans to p£y
of
the
outstanding increases in the salary of munic¬
during
mature before ipal employees and to issue bonds
These will be for retirement of a portion there¬
paid, doubtless without refinanc¬ of.
ing, as the State has not issued
refunding bonds for many years.
NORTH CAROLINA
7. Except for bonds heretofore
Charlotte, N. C.
authorized, the borrowing power
City May Issue Bonds—Accord¬
of the State generally may be
exercised only with the approval ing to press reports, R. W. Flack,
City Manager, reported to the
of the people.
8. The
Constitution
contains City Council that the city may is¬
serial
bonds
March
will
1954.
31,
safeguarding
provisions
unique
sue
$5,700,000
bonds to make
for development
available
of post-war improvements of mu¬
Authorization Bill Passed—The
authorizing
Gastonia
of
to
returned vet¬
loans
erans
$5,000 for the pur¬
or farms, was in¬
in the Legislature on
up
to
chase of homes
troduced
March
The
1.
loans
would
be
made at a low rate of interest and
for
a
This
term not to exceed 20 years.
proposal would have
submitted
The
'■
an
indebtedness
to
straight
the
soldier
to be
in
1945.
bonus
pro¬
voters
submitted'calling
funds
nicipal facilities.
General Assembly passed the bill
authorize
-
Sale
to
State
additional bonded
$35,000,000 for
low-rent housing for New York
discount.
Dated
City.
A proposed constitutional
Due July 9, 1944.
est bidder was Central Hanover amendment authorizing the crea¬
tion of a State debt of $50,000,000
Bank & Trust Co., New York, at
from which the Legislature could
0.50%, discount.
to
of Larchmont,
'
Bond
able
the
taxation
excise
special¬
on
by appropriate agen¬
At present, the only oppor¬
payment of all State bonds at ma¬
turity.
NEW YORK
Larchmont, N. Y.
Sale—The $150,000
1
composed
subject to taxa¬
is enormous. By
system of income
progressive
and
provide for hearings
ized matters
bondholders and requiring prompt
■
'
a
as
on
>
and corporations
tion by the State
much
"Mexico
Supervisor will
receive
sealed
Newark, N. J*
bids until 11 a. m. on March 14
Mayor Offers New Delinquent
March1 5 were awarded to ' the
for the purchase of $7,171 certifi¬
Tax Program — Mayor Vincent
! Union Planters National Bank &
cates of indebtedness. Due Jan.
Trust Co., of Memphis.
Dated Murphy on March 8 submitted a
resolution to the-City Commission 15, 1945.
Oct. 1, 1943.
Legality approved
!
under which his tax compromise
New York City, N. Y.
by Charles & Trauernicht, of St.
•'
policy would be abandoned * in
Debt Reduced $44,000,000—
Louis,
favor of a new procedure provid¬
City
Comptroller
Joseph D.
NEBRASKA
ing for the sale of tax title liens McGoldrick reported that New
in the open market to the highest York
City reduced its bonded
Alliance, Neb. bidder.
According to a statement debt in the amount of $44,384,975
Bond Ordinance Published—An
issued by the Mayor, the City Cor¬ from
July 1, 1943 to Jan. 31, 1944,
ordinance
has
been
published
poration Counsel has ruled that the first seven months of the
calling .for. an issue of $90,000 the-new method can
be employed present, fiscal year.
The totals
light and power refunding bonds.'
under a law passed by the State on
the
respective
dates
were
East Omaha Drainage Dist., Neh. ■ Legislature in 1943.
He also ad¬ $3,047,866,834 and $3,003,481,859.
bonds
The inter¬
est of the Board is in general city
financial policy, and specialized
individuals
with its
ftew
Bond Sale-The $212,000 drain-
age
of
income
last; six
Lake Cormorant) Miss.
•
•
follows:
as
1. The
City of Albuquerque to
special paving assessment
6f
Court
awarded
Reduction of local taxes to
•
the Board of Estimate.
bondholders could not require
chester,
,
keep
financially
under which the city
than the amount
offered for sale
constructively with post¬
employment of soldiers and
war
agreement
nidp^l Law Officers, contains fhe
following:
"On Dec. 16, 1943, the Supreme
Municipal Bonds
to deal
-
Y.
a post¬
program.
An¬
surplus is reasonably an¬
ticipated for the next fiscal year.
4. The temporary debt of the
State has been practically elimi¬
nated because of large surpluses
for the last three fiscal periods
and the current fiscal year, as well
as a,change in the date when the
fiscal year begins.
5. The
gross
and net funded
New Jersey
cushion.
war
an
owed.
notes liability
"
'
less
accepts
lative
Sale—The
Note
est bidder was Strafford National
and credits tax.
money
pays
a
Central
Co..
real
Simplification of Federal tax
'
who
premium of $2.Dated
NEW MEXICO
March 3, 1944,
Denom. $50,000,
$25,000 and $10,000. Due July 20,
Albuquerque, N. Mex.
1944.
The next highest bidder
I Not
Liable
For
Assessment
was Leavitt & Co., at 0.383% dis¬
Bonds—The February issue of the
count.
Payable at the First Na¬ Municipal Law Journal, published
tional Bank of Boston or at the
by the National Institute of Muplus
'
,
owner
notes
March 2
First
property
his taxes is penalized because his
neighbor, who doesn't pay, often
City, and were
The Minnesota Taxpayers Associa¬
ready for delivery on or about
tion announced recently an eight- March
3, 1944 in Boston, or on or
point statement of policy for the about March 6, 1944 in New York
post-war period, following a meet¬ City.
The notes were authentic¬
ing of its Executive Board at St. ated as to genuineness and val¬
Cloud. *
"...
idity by the First National Bank
The Board, including rural and of
Boston, under advice of .Ropes,,
urban representatives from every
Gray, Coolidge & Rugg, of Boston.
•
Authority, N.
-
Feb. 29,
on
hearing is provided only before
Tunnel
Bonds Taken Up by the RFC—
An
additional
$200,000 of the
The bonds are to ma¬
of $3,000 certifi¬ Board of Education is planning to City Commission critic, and others.
They
have
contended,
among
cates of indebtedness, dated March
refund $15,000 school bonds.
other things, that under this sys¬
1, 1939.
"
call
The sinking funds project to the City Planning Com¬
$72,346,800 in war loan mission-or Board of Estimate in
New York City/
At the present time, a public
New York City
Some people think'
represents one of the lowest inter¬ ple's minds,
New York (State of)
est rates ever known for drainage, favoritism is being shown, but the
Facts Underlying
Security of
new policy will end this
bonds.
/
■
feeling." State's
Bonds—The
"Value
of
Under the new system adver¬
State of New York Bonds" is the
Kimball County (P. O, Kimball)
tisements for bids on tax title lien
title of a brochure just issued by
Neb.
certificates would be published.
R. W.
C Election
Pressprich & Co., New
lias
Been
Called—
Murphy said he then would sub¬
K. Linn, County Clerk, reports
York, in which the firm discusses
mit the bids to the City Commis¬
that an election has been called
eight
of
the
most
important
sion
and
recommend
that
the
reasons
cited in support of its
for April
11 to submit to the
highest bid be accepted in each
statement that New York State
voters an issue of $90,000 county
case.
bonds constitute unusually good
hospital bonds., '
v
Under the compromise system,
values because of the unquestion¬
sometimes called the tax abate¬
Lexington, Neb.
able security inherent in such
Bonds Voted — W.
R. Egen- ment policy, the city accepts from
obligations.
The eight factors
property owners less than what
berger, City Clerk, reports that at
listed by the investment house
the election on March 7 the voters they actually owe in back taxes
the
received
bonds.
May 1, 1944, date of done under cover for the benefit
of some special groups or individ¬ $57,000,000 3y2% Battery-Brook¬
agencies—the Housing Authority
having an interest in the lyn Tunnel Construction bonds and the Planning Commissionture in from two to 11 years, it uals
was taken up by the RFC recently.
was
stated by Fred S. Knapp, property.
are set up to consider questions of
"Under the present system there This makes a total of $12,200,000
District
President, who further
density, choice of site and other
is always, a question in some peo¬ taken up by the RFC to date.
declared
that
the
2%
coupon
technical matters. This bill would
interest from
the bonds.
coln,
10, Mich.
Received
Tenders
Company of Omaha, Rob¬ missioner. Apropos of the subject,
Co., Greenway & the Newark "Evening News" of
Co. and John M. Douglas, all of March 8 said as follows:
"I think this new policy will
Omaha, has contracted to pur¬
chase an issue of $370,000 district convince everybody that we are
bonds as 2s, at par and a pre¬ absolutely fair and it will end any
mium of $371, plus accumulated feeling that something is being
tional
electric
tiac
District
1085
—
I
Nel¬
Sutherland &
and
I
h
ert E. Schweser
Assoc.
and
Ryan,
I
m
reported
Co._J
Hood
n
Co.,
and L.
T.
Barcus,
i
Int. Cost
Lynch & Co.,
Browning &
son,
n„
as
Bidder—
Kline,
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4263
...... —
Bond
port
Township (P. O. Gasto*
nia) N.
V:/
Sale—The
bonds
March
$150,000
offered
7—v.
159,
for
p.
sale
air¬
on
982—were
awarded to Paine, Webber, Jack¬
son & Curtis, and C. F. Childs &
Co., both of* Chicago, paying a
price of 100.067, a net interest cost
of
1.316%, as follows: For $120,000, maturing $10,000 March 1,
1945 to 1956, as l^s, and $30,000
maturing $10,000 March 1, 1957 to
1959, as Is. Dated March 1, 1944.
Denom. $1,000.
The next highest
bidder was: Stranahan, Harris &
Co., Inc., and Braun, Bosworth &
Co., for $50,000, 2V4S, and $100,000,
11/4 Sj at a price of 100.158. Among
for a
bonus
of
from
$100,000,000 to
$250,000,000, through a straight
vestment
bond issue,
and
posals
Public
are
all dead.
Housing
ment Proposed
»—
Law
A
Amend¬
the
other
Dickson &
R.
S.
100.051.
measure was
in the Legislature on
Assemblyman John J.
Lamula, (Republican, 1st District
New York) that amends Section
150 of the Public Housing Law to
provide for public hearings before
submitting a proposed housing
was:
Co., for $120,000 iy2S,
$30,000 VAs, at a price of
High Point, N. C.
introduced
Feb. 24 by
bidders
Co', and Southern In¬
Bond
Offering—W.
E.
Easter-
ling, Secretary Local Government
Commission, will receive sealed
bids at his office in Raleigh, until
11 a. m. (EWT) on March 14 for
the following coupon bonds, not
aggregating $248,-
exceed 6%,
to
000:
$136,000 public improvement and
street refunding bonds. Due
April 1, as follows: $25,000 in
1958,
$67,000 in 1959, and
$44,000 in 1960.
$9,000 in 1958, and
1960.
:
$35,000 in
"
.
27,000 sewer
refunding bonds.
Due April 1, as follows: $10,000 in 1958, $6,000 in 1959, and
$11,000 in 1960.
bonds.
refunding
school
35,000
April 1, as follows: $34,and $1,000 in 1960.
Due
000 in 1958,
6,000 municipal building, refund¬
ing bonds. Due April 1, 1959.
April
Dated
cipal
unlimited
of
(A-O)
interest
The
City..
York
New
at par, as
I:
1
1963, $5,000 in 1964 to 1966,
2J/2s; and $35,000 maturing
March 1, $6,000 in 1967 to
1969, $7,000 in 1970 and 1971,
in 1972, as 3V4S.
payable in
approving
and $3,000
'
23,500 street and general bonds:
For
$2,000
maturing
$500
March 1, 1945 to 1948, as 4s;
$20,000
maturing March
1,
$500 in 1949 and 1950, $1,000
in 1951 to 1954, $1,500 in 1955
may
name
rate for part of the
for
each bidder
bid the
and
issue,
specify
any
must
than' two rates
more
his
in
of each rate.
The bonds will be awarded to the
amount of the bonds
bonds
& Co.,
aggregate amount of interest
upon all of the bonds until their
respective maturities. In the event
that prior to the delivery of the
bonds in the income received by
private holders from bonds of the
same type and character shall be
taxable by the terms of any Fed¬
eral income tax law, the success¬
ful bidder may, at his election, be
relieved of his obligations under
the contract to purchase the bonds
and in such case the deposit ac¬
turned.
for
his
Enclose
•
'
'•
/
•-
■
i;"/
.
be
re¬
certified check
a
to
the
State
Vl4
$4,960t payable
Treasurer.-
will
bid
<• :/«
.■
1
«
•
-
Lexington, N, C.
Bond
Offering—W.
Easter-
E.
ling, Secretary Local Government
Commission, will receive sealed
bids at his office in Raleigh, until
11 a.m. (EWT) on March 14 for
the purchase of $60,000 not to ex¬
ceed 5% coupon refunding bonds.
Dated
March
$1,000.
Due $12,000 March 1, 1964
Registerable as to prin¬
to
1,
1944.. Denom.
Bidders
are
Each
bid
of
,
earliest
for
rate
may
may
the
name
each
and
his
bid
each
name
the bonds
maturities)
held recently $30,000 water
and
the
amount
The
rate.
of
Council calling for
issue of $10,000 paving bonds.
Bond
determined
be
until
their
upon
all of the bonds
maturities.
furnished by the above Secretary.
approving opinion of MassMitchell, of New York will
lich &
furnished
the
purchaser.
In
the event that prior
ery
to the deliv¬
of the bonds the income re¬
ceived
by
private
bonds of the
acter
shall
terms of
any
same
holders
from
type and char¬
be
taxable
by the
Federal income tax
law, the successful bidder
may, at
Mar. 15
March
1,
of
$7,000
real
Dated
bonds.
$1,000.
Due $1,000 Sept. 1, 1945 to 1951.
Bidders may bid for a different
rate of interest in a multiple of
Vi of 1%.
Enclose
a
certified
1944.
Denom.
check
for
$100,
City Treasurer.
payable
the
to
i
».
r:.r
Zanesville, Ohio
;<
Offering—Hy. F. Stemm,
City Auditor, will receive sealed
until
noon
on
March
for
17
1';
\
Mundt,
City Recorder, will receive sealed
bids until 7:30 p.m. on March 20
purchase of $30,000 not to
exceed •2%%'-' airport
refunding
Series 1944 bonds. Dated May 1,
for the
Denom.
1944.
Due $3,000
$1,000.
May 1, 1945 to 1957, optional in
numerical order on May 1, 1949,
and
any
on
interest paying date
bonds will be
The
sold to the highest
4
Bond
bids
••
Offering—Alfred
Bond
thereafter.
•
*
Salem, Ore.
bidder at
a
net
price, delivered at Salem, of not
less than par value and accrued
interest.
Principal and interest
City Treasurer's
at the
payable
the purchase of $35,000 not to ex¬
office.
ceed 3% interest
ditional except as to qualification
refunding bonds.
Dated
April 1, 1944. Due $1,500
April 1 and Oct. 1, 1949, $3,000
April and Oct. 1, 1950, $4,000 April
and Oct.
1, 1951 and 1952, and
$5,000 April and Oct. 1, 1953.
are
to
as
All bids must be uncon¬
approval : of the bonds by
Bids shall be accom¬
attorneys.
panied by a schedule of ii^erest
cost.
Enclose a certified check
for $1,000,
payable to the City.
;
issued to refund
bonds which matured in 1943,
and
operating ex¬
limitations
after meeting
debt requirement
within said limitations. Principal
within
PENNSYLVANIA
interest
City
(A-O)
Treasurer's
conditioned
bids
Enclose
ered.
a
will
payable
be
at
No
office.
consid¬
check
certified
Council
on or
Issue
Passed
recently
—
The
passed
an
before 6 months.
able at the City
Pay¬
Treasurer's office.
Upheld—The Dau¬
phin County Court is reported to
have approved on Feb. 28 the val¬
idity of an issue of $162,000 3Vz%
judgment funding bonds. In its de¬
cision the court, according to Harrisburg
Ordinance
calling for the issuance
of a $50,000 not to exceed 1 % %
note, to meet current operating
expenses.
Dated Feb. 15, 1944.
Due
Bond
press
advices,
stated as
follows:
the statutory require¬
ments in the proceedings of the
from
borough in this case.
submit
question of this issue to the
"It
the
was
not necessary to
electorate under the
provisions of
the
OKLAHOMA
Idabel, Okla.
Bond Sale—W. T.
Treasurer,
reports
•
municipal borrowing act or
under the provisions of the con¬
stitution.
require this
the
debt
where
municipality
the
able'
issuance
of
is
increased,
of
bonds
lor
the
and
the
of funding or refunding
aTtebt previtrasly created and ex¬
isting is not an increase of indebt¬
edness, but .is merely a continua¬
tion thereof."
.
Lewistown, Pa.
Water Plant—
We understand that the Borough
Acquire
of
Gross
1943.
funded
over
the
..
next
15
years.
funds
are
adequately
maintained, it is said, and the city
has never defaulted on payment
of
bond
principal
or
interest.
Although assessed valuations de¬
clined from the 1930 peak of $4,-%
787,602,031
tow current
low
of
$3,070,557,663 (1943), the city, by j
adopting in 1940 the highly pro¬
ductive income tax levy, obtained
Sinking
substantial
to
revenue
and
real
ment
supple¬
personal property
taxes, which declined because of
the ratables loss.
For the past
eight
the
years
tained
a
city
has
main- i:
real estate tax rate of
than
no
$1,000, and ^
home ownership in the city is said
more
be well
to
,
$17
per
the median for
above
with
cities
populations
over
steadily since 1933, payments of*
the current city levy in that year
having amounted to only 72.4%, j
as
against 96% in 1943.
Phila¬
delphia is the third largest city in
the country and is described as
the "hub of the nation's fourth
most
industrial
productive
a
area,
and industrial
commercial
importance in£
economy."
Since j
unit of outstanding
the
nation's
funding accumulated deficit in
1939, the city has expanded its
revenue
system, 4 balanced
its
budgets and accumulated sizable
cash surpluses, having closed 1943
with net cash surplus in general
fund of
Bond
^
,
j
j
Offering
j
*[
<
$4,758,716.
Pittsburgh,
only in
purpose
To
close
.
debt, which reached its peak in
1933, is now at the lowest point
since 1927, according to the re¬
port.
Debt currently outstanding^
consists primarily of term bonds,
a large portion of which are call4
Both the statute and the
constitution
cases
the
and
"We could find no fatal devia¬
tion
Philadelphia," just issued, states
reduced its net debt,
including overlapping, by 25.6%
or over
$119,000,000 in the last 10
years,
or
from $467,273,151 on
Dec. 31, 1933, to $347,476,052 at
that the city
erty tax collections have increased
Duryea, Pa.
tax
York, in their "Brief Analysis of
Credit Factors
of
the
City of
500,000. A tabulation contained in
the analysis shows that real prop- 4
for meeting current
penses
Philadelphia, Pa.
Reports Funded
Debt ; Lowest
Since
1927—The
Chemical Bank & Trust Cd., New
Credit Analysis
Pa.
—
Edward
R*^
Frey, City Controller, will receive u
sealed bids until 10 a. m. (EWT) '
on
March 21 for the
purchase of
$1,000,000 not to exceed 4% conpon refunding bonds. Dated April
1
1, 1944. Denom. $1,000. Due $50,000 April 1, 1945 to 1964.
The
bonds are issued to provide funds
I
to
be
applied to the
of existing
j
1
redemption^
electoral bonds hereto¬
fore authorized
by the electorate J
and maturing during May, June, \
Council recently completed pro¬
July, August, October, November j
ceedings incident to the creation
and December, 1944, and for no \
of a municipal authority for the
Proposed Bond Issue Details—
other purposes whatsoever.
The j
purpose
of acquiring the local
Lorain, Ohio
In connection with the proposal of
facilities
of
the
Lewistown
& bonds shall bear interest at a rate •
Bond Sale—The $33,200 street the
City Council to submit to the
not exceeding the rate specified \
Reedsville
Water
Company.
A
improvement bonds offered for voters at the primary election on
above and must be uniform forj.(,
special committee of council has
sale on March 3 were awarded to May
19, 1944, an issue of $12,the entire issue, payable semi- V
been negotiating for purchase of
Fox, Reusch & Co., of Cincinnati, 000,000 not to exceed 3% general
the plant for over three years and annually on April and Oct, 1, in .?
as 1V4S, paying a price of 101.13,
obligation sewage disposal bonds,
each year during the term thereof, 'j
a basis of 1.05.
The next highest J. O. Bredemeier, City Auditor, their efforts culminated in the
without deduction for any taxes j
bidder
was
Central .Bank
Co., pro tern, reports that the legis¬ decision of holders of 90% of the
which may be
levied on said j
company's stock, at a meeting on
Lorain, for l'4s, at a price of lative act providing for the issu¬
or
on
the debt secured t
Jan. 24, to sell the property to the bonds,
101.10.
'
ance of the bonds states that the
borough at a price of $1,650,000. thereby, by the Commonwealth, j
City Council may determine the
Ohio (State of)
The necessary funds will be ob¬ pursuant to any present or future 1
interest rate on the bonds, not
law
(except
succession, estate,C
Municipal Index Continues Ad¬
tained
from
the
proceeds of a
vance
J.
A.
White
&
Co., exceeding 3%, payable semi-annu¬ revenue bond issue to be sold by inheritance and gift taxes); the i
ally, as shall be provided in such
payment of which taxes will be |
Cincinnati, reported on March 8
the municipal authority.
interest
coupons.
Such * bonds
assumed by the City. The bonds j
as follows:
/
'
\ shall be serial and the Council
The firm of Harrison & Co.,
will
be
coupon
bonds
either I
Continuing the strength shown shall have
power and authority to Philadelphia, acted as agents for
printed or engraved, as the pur- f
since January, the Ohio Munici¬
fix rates of redemption, provided the borough throughout the pro¬
chaser may specify, exchangeable j!
pal Market set another new high that no such
period of redemption tracted negotiations and, accord¬ at the City Controller's office at \
during the past week as our in¬ shall be less than three years nor ing to report, agrees that the pro¬
the option of the holder at any •'
dex of the yield on 20 Ohio bonds
jected
revenue
bonds
can
be
more than 30 years from date of
time for
a
registered bond or*'[
declined from 1.36% to 1.35% to¬
soundly financed
on
a
30 to
issuance. At the time of providing
bonds of the same maturity and j
day. The rise in price continues for the issuance of such bonds the 35-year basis and 2%%
yield.
denomination or a multiple there- ,,
to be most noticeable in second
of
the " reasons
which
Council shall, subject to the pro¬ One
of, not exceeding the aggregate '!»
grade bonds.
Our index of the visions in the
act, fix rate of in¬ prompted the utility to sell the
yield for 10 lower grade Ohios terest and date of redemption property was the steady increase principal amount of the coupon |
bond or bonds surrendered in ex- j
declined
from
1.52%
to
1.51%,
within the limits above mentioned. in corpbrate taxes which the firm
change therefor. Registered bonds |
while the index for 10 high grade
Such bonds may be issued and has been obliged to pay in recent
shall be registered with the City j
Ohios, stands unchanged at 1.20%.
sold from time to
time as the years. The figure increased from Treasurer and shall be
re-regis- ? ;
Gasoline Tax Revenues Lower Council may direct.
None of such $9,000 in 1940 to $31,000 last year, tered only on the books of theV
•
in
1943—Ohio's
net
earnings bonds shall be sold without prior it was said.
City Treasurer.
Unless all bids j
from
the
three cents
a
gallon advertisement of not less than
Northumberland County (P. O.
are
rejected, the bonds will be |
gasoline tax and 1 cent a gallon two weeks • in the city official
sold to
the highest responsible ^
Sunbury), Pa.
liquid fuel tax for 1943 totaled newspaper,
and/or
such other
Bonds Approved—The Depart¬ bidder complying with the terms j
$41,645,052 after refunds of $3,- means of advertising as the Coun¬
No bid at less than par
ment of Internal Affairs recently of sale.
826,505, as compared with $51,and
accrued
interest
from
the.4
cil may direct, calling for bids, approved an issue of $50,000 114 %
655,625 after refunds of $3,853,571
date of the bonds to the date of I
refunding bonds.
during 1942, a decrease in revenue and all sales shall be to the bidder
—
be
cipal and interest payable in New
York City.
Bids to be on forms
be
159,
,
No bid less than par and accrued
interest will be entertained. Prin¬
The
March 9—v.
St. Louis, for Is, at a
price of 100.23.
city, such cost
by deducting
respective
purchase
purchase
land
offered for sale
Trust Co.,
the total amount of the premium
bid from the aggregate amount
of interest
on
Guthrie, City
that
F.
A.
Wooten of Idabel, has purchased
& Co., of Cleveland, as Is, paying $25,000 sanitary sewer refunding
a price of 100.30^3 basis of about
bonds,- as.. 2 xh s....Dated March 10,
0.932%.
Dated
April 1,
1944. 1944. Denom. $1,000. Due March
Denom. $1,000.
Due Nov. 1, as 10, as follows: $3,000 in 1949 to
follows: $8,000 in 1945 to 1949, and 1956, and $1,000 in 1957.
Prin¬
$7,000 in 1950 to 1954.
The next cipal and interest (M-S) payable
at the fiscal agency of the State
highest bidder was Halsey, Stuart
& Co., for Is, at a price of 100.303. in New York.
Among the other bidders were
OREGON
Mercantile-Commerce
Bank &
offering to
purchase the bonds at the lowest
interest cost to the
bonds
awarded to Fox,
awarded to the bidder
to
an
p. 982—were
Reusch & Co., of
Cincinnati, and William J Mericka
on
of
will*
the
Columbus, Ohio
Sale—The
$75,000
purchase
bid
bonds
bonds
An
has been passed by the
—
Village
rates,
specify in
must
receive
ordinance
Ordinance Passed
ordinance
than two
more
bidder
the rate shall be
case
J-*;--
Tread-
noon
estate
Note
Cambridge, Ohio
Bond
the
no
for
City
another
balance, but
R.
will
Auditor,
sealed bids until
,.v
system for $350.
OHIO
re¬
(having
Offering—W.
City
way,
the
bonds were voted.
rate for
one
DAKOTA
Dickinson, N. D.
Voted — At the election
Bonds
quested to name the interest rate
or rates, in multiples of V\ of 1%.
part
Uhrichsville, Ohio
Bond
and
NORTH
cipal; general obligations; unlim¬
ited
tax; delivery on or about
March 30, 1944, at place of pur¬
choice.
$30,-
of 100.009.
000, 3s, at a price
1968.
chaser's
The next
for $99,500, 3Y4S, and
to the
the
to
highest bidder was: R. S. Dick¬
son
& Co., and McDaniel Lewis
mined
companying
and in that
These bonds
Dated March 1, 1944.
at
City, such cost to be deter¬
by
deducting the total
amount of the premium bid from
1958
in
3V4s.
offering to purchase the
the lowest interest cost
bidder
$1,000
1960, $1,500 in 1961 to 1963,
$1,000 in 1964 to 1966, as 2V2s;
and
$1,500
maturing $500
March 1, 1967 to 1969, as
balance, but no bid
for the
1957,
to
any
issue (having the
maturities) and another
rate
$63,000 maturing March 1,
$2,000 in 1949 to 1951, $3,000
in 1952 to 1957, $4,000 in 1958
as
of
bonds
follows:
to
multiples of 14 of 1%; each bid
earliest
liquid fuel division of the Ohio
Department. The 1943 rev¬
included
$30,378,422
col¬ discretion provide that competitive
shall
be
partially
or
lected on 1,133,432,662 gallons of bidding
gasoline, and $11,266,530 collected wholly upon the rate of interest,
Tax
enue
.
par and accrued interest)
is re¬
quired. Bidders are requested to
name
the interest rate or rates,
may name one
of Cincinnati,
$106,000 water and sewer bonds:
For
$8,000 maturing $2,000
March 1, 1945 to 1948, as 4s;
opinion of Reed, Hoyt & Wash¬
burn, of New York, will be fur¬
nished the purchaser.
A separate
bid for each issue (not less than
in
highest responsible bidder, but not
for less than par and accrued in¬
terest.
The Council may in its
,
Principal
choice.
purchaser's
'
and
Treasurer.
Fox, Reusch & Co.,
delivery at place
tax;
the State
whom the Council finds to be the
1,146,857,780 gallons of liquid
Zebulcn, N. C.
fuel
certified.
During
1942 a fixed according to the bid which
Bond
Sale—The $129,500 re¬ total of 1,371,820,149 gallons of in the opinion of the Council will
funding bonds offered for sale on gasoline brought net taxes of $37,- be most advantageous to the city.
March
7—v.
159, p. 982—were 539,186 and 1,435,459,246 gallons The act is subject to amendments
awarded
to
Vaqce,
Young & of liquid fuel brought in revenue and alterations until March 18,
which is the final date for filing
Hardin, of Winston-Salem, First of $14,116,439.
measures for the May 19 ballot.
Securities Corp., of Durham, and
Denom.
1944.
1,
to
ble
Registerable as to prin¬
only; general obligations;
$1,000.
returned. Enclose
$1,200 paya¬
certified check for
a
$10,010,573, according to K. K.
Douglas, Chief of the gasoline and
of
on
44,000 water
refunding bonds.
Due
April
1,
as
follows:
-
election, be relieved of his
obligations under the contract to
purchase the bonds and in such
case
the
deposit, accompanying
his
his bid will be
Monday, March 13, 1944 /V
COMMERCIAL & FINANCIAL CHRONICLE
THE
1086
Portland, Ore,
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4263
159
The, .of interest to be in multiples of lowing issues, at par and accrued
the
14 of 1%. • Not more than two interest:
v;vp V;'
purchaser by the City Controller rates of interest should be speci¬ $173,000
county
bridge; bonds,
at his office.
The City reserves fied and there shall be no more
Nos.l to 173.
Due April 10,
the right to deliver to successful than one rate for any one matur¬
as follows:
$4,000 in 1925 to
bidder a temporary typewritten or ity.
The bonds will be awarded
1934, $4,000 in 1935 to 1948,
printed bond or bonds for the ag- to the responsible bidder whose
$10,000 in 1949 to 1953, and
bid results in the lowest interest
gregate principal amount of said
$13,000 in 1954. Bonds shall
the town.
bonds which shall be substantially cost to
All,. of said
be presented
to
the
Chase
delivery
bonds
in the
be
will
will
accepted.
delivered
be
form
same
the
as
perma¬
bonds
tion
with appropriate omissions, inser¬
tions and variations as may be
optional for redemp¬
interest payment date
are
on any
exchange
2% thereafter to and in¬
cluding June 1, 1951; 1% there¬
force
and
to
after
their
terms.
Bids* must be made
1955;
and
upon
blank forms which may be
after.
The
required. 4Until
■
their
coupon
effect,
according
obtained from the
City Controller
Upon request, The successful bid¬
der will be furnished with the
opinion of Reed, Smith, Shaw &
McClay, of • Pittsburgh, that the
bonds are direct and general ob¬
ligations of the City, payable both
as to principal and interest from
ad valorem taxes,
tion as to rate or
real
Enclose
for 2% of the
bonds bid
without limita¬
a
for, payable to the City.
bonds
system
Series
of
such other
and
parity under the provisions of the
resolutions authorizing
the net
town's
the
with
distribution
electric
The
tem.
bonds
be
to
of
proceeds
sys¬
refunded
the
above
described bonds have been called
Rcbesonia School District, Pa,
Bond
Offering
Gilbert
for
redemption
1, 1944,
June
on
L.
and the successful bidder must be
Keppley, District Secretary, will
prepared to accept delivery of the
refunding bonds on or prior to
that date.
It is anticipated that
the bonds will be ready for de¬
—
receive sealed bids until 8:30 p.m.
April 5 for the purchase of
$10,000 »■ improvement
bonds.
on
Denom.
fied
$1,000.
check
Enclose
for
2%
of
certi¬
a
the
face
amount of the bonds.
Shenandoah School District, Pa.
livery
The town will
ing opinion of Chapman & Cutler,
Chicago, and all bids must be
of
Bond
Offering—P.
Secretary,
sealed
bids
until
J; Brennan,
will
8
receive
accepted
for
of the bonds,
ment bonds.
Roane
Dated
April 1, 1944.
Denom. $1,000.
Due. Oct. 1, as
follows: $7,000 in 1945 to 1954,
and $8,000 in 1955 to 1964.
Bids
will be received only for the en¬
tire issue and at only one rate of
interest, and no bid- combining
two different rates of jhterest^yilT
be considered.
The bonds may
be registered as to principal only.
Principal and interest (A-O) pay¬
able at the Union National Bank,
Shenandoah.These
obligations
will be payable from ad valorem
taxes
by
within
law,
the
levied
limits
imposed
all
on
property
Enclose
bid
than
less
interest
accrued
(EWT)
on March
16 for the purchase of
$150,000 not to exceed 4 % inter r
est coupon high' school improve¬
p.m.
No
conditioned.
so
District
about April 10, 1944.
supply the approv¬
on or
will
certified check
a
be
and
1, 1944.
par
June
on
Treasurer.
(P.
O. Kingston),
Tenn..
L.
Eb~
len, County Judge, received seal¬
on March 11 for the pur¬
ed bids
at
or
the American National Bank,
Austin, for payment.
.
;
Dated April 10, 1924.
$1,000.
Interest ceases
Jones,
County Treasurer,
re¬
on April 10,
1944, all of the out¬
standing balance of 4%% and 5%
and
bridge refunding bonds
to the amount of $345,000,
being
Nos. 1 to 345, dated April 10, 1937.
denomination $1,000, maturing in
1945 to 1952. Said bonds shall be
presented
State
on
said
Treasurer's
Interest
ment.
date
at
the
office
for
pay¬
ceases
on
date
called.
Dallas,
Call
—
the
school
be
district.
sold
to
.' The
bonds
the
highest re¬
sponsible bidder, provided such
bid is not less than par and ac¬
crued interest.
The enactment, at
any time prior to the settlement
for the bonds, of Federal legis¬
lation
which
in
terms, by the
repeal or omission of exemptions
or
otherwise, subjects to a Fed¬
eral
income
bonds
of
a
the
tax
class
a
interest
on
character
or
Which includes these bonds, will,
the
at
election
relieve
of
the
purchaser,
the
purchaser from his
obligations under the terms of the
of
contract
and
sale
entitle
the
purchaser to' the return Of the
amount deposited with »the bid:
The
opinion of Frank J. Toole, of
Shenandoah, will be furnished to
he successfuF bidder; any addi¬
tional .legal opinion which may be
required must be paid for by the
successful
bidder.
will be sold
purchaser
bonds
delivered to the
and
only
These
if
and
after
the
proceedings authorizing the issu¬
ance thereof have been approved
by the Department of Internal
Affairs.
Enclose a certified check
for
2%
of
the
amount
of
bonds, payable to C. J.
nauski, District Treasurer.
tennessee
the
Kolo-
$1,000.
nom.
to 1953.
Bond
Town
Offering—W.
L.
Dallas
was a
M.
Due March 1, as fol¬
Said bonds shall be pre¬
to the
Central
Hanover
sented
in Austin, for payment.
ceases on date called.
Series
1952
1956,
A
in
1963' $92^000
1968, $107,000 in 1969, and $154,000 in 1970.
Bonds maturing in
1961 to 1968, shall be callable on
or after April 1,
1961; bonds maluring in 1969 and 1970, shall be
callable on or after April 1, 1955,
or
any
interest
payment
date
thereafter, upon 30 days' prior
published notice, at lk of l% pre¬
mium for each year, or fraction
thereof, between the dates called
Feb.
member of the group
$1,350,000 bonds
9,
on
a
of 99.666 for
about 1.133%;
159,
p.
1.10s, a basis of
Report of the sale
784, erroneously listed
and the stated
interest
of
1%.
(A-O)
Bank
maturity.
Rate of
be in multiples of 14
Principal and
interest
payable at the Chemical
Trust
Co., New York.
The expense of the printing of
the -bonds
and
the
approving
opinion of Chapman & Cutler, of
Chicago, and all other necessary
expenses incident thereto will be
paid by the successful bidder. In
the event that prior, to the deliv¬
ery of the bonds the income re¬
.
private
by
bonds of the
holders
from
type and char¬
acter
shall
be
taxable
by the
terms of any'Federal income tax
law,
terest
date
on
or
after
April
Dated
April 10, 1944. Denom.
$1,000. Principal and interest pay¬
at
the
State
Treasurer's
office. Legality to be approved by
the Attorney General and Chap¬
&
man
Cutler, of Chicago.
Call—Secretary Board of
Trustees
Ray
exercised
all
A.
that
nounces
Moreman
the
option to
outstanding bonds of
has
redeem
an issue
follows:
as
an¬
district
its
described
$88,500
the
same
successful
bidder
may^
at his election, be relieved of his
under
the
contract
to
purchase the bonds, and in such
case,
the deposit accompanying
will
be
returned.
;
texas
bonds.
Denom.
to
1954, $10,000 in 1955 and
and $9,000 in. 1957.
Rate
Bexar
Bonds
to
County, Texas
be
Redeemed—Sam
C.
Bell, County Treasurer, re¬
ports that the county has exer¬
cised
ticle
the option granted by Ar¬
611, revised Civil Statutes of
the State
1911, to redeem on April
1944, all of the outstanding
4%% refunding bonds of the fol¬
10,
—
Call
—
Curtis
'■
Baker,
County Treasurer, reports that the
county has exercised the option
granted by Article 720, Revised
Civil Statutes of Texas, 1925, to
redeem on April 15, 1944, all the
outstanding bonds of the follow¬
rF.
ing described issues:
Bridge Refunding bonds, Series
1927, dated June 15, 1927, num¬
to
40, in the denomination
of $1,000 each, aggregating $40,-
000, bearing 5 x/2% interest, and
maturing on April 10, as follows:
$3,000. in 1943, $4,000 in 1944 to
1946, $6,000 in 1947 to 1949, and
$7,000 in 1950.
The bonds shall
be presented for payment to the
Central
the
G.
County Treasurer
Cook
granted
Hanover
Bank
&
Trust
its
op¬
by Article
720, Re¬
Texas, 1925,
to redeem 011 April
10,1944, at the
Chase National Bank, New
York,
vised Civil Statutes of
at
and
par
accrued
interest,
the
of
the
at
:
the
^3%%
of
rate
numbered
annum,
1
to
of
denomination
denomination
of
$500 each,
April 15, 1965. The
for payment on
April 15, at par and accrued in¬
terest, at the Mercantile National
1952,
and maturing
$5,000
bonds
1963
called
are
and
$4,000
in
1953 to 1957,
1962, $6,000 in
1965, and $7,000 in 1966
in
to
1958
1967.
to
Interest
ceases
date
on
called.
For the convenience of
Bank of Dallas.
holders,
arrangements have also been made
County (P. O. Colorado)
Bonds to be Redeemed—Esther
to
take
these
bonds
at the
Frost National Bank, San
Antonio,
and the
Austin National Bank,
up
Grubles,
County Treasurer, re¬
that the County has exer¬
Austin, where they
ports
sented
cised the option granted by Article
tion of the holders.
date
on
611, Revised Statutes of the State,
1911, to redeem on April 10, 1944,
be pre¬
may
called at
Texas (State
the
op¬
of)
the
Deficit Financing Law Upheld—
of $64,000, dated Feb* 1,
being all bonds now out¬
standing of an original issue of
$115,000,
maturing • serially
to
Reversing the Travis County. Dis¬
trict Court, the Third Court of
Civil t Appeals
handed
down
a
5%
courthouse
bonds
to
1962.
Said
sented
tal
15onds
said
on
National
shall
date
to
be
the
pre¬
Capi¬
Bank, Austin, where
they will be redeemed at par and
interest.
accrued
on
Interest
ceases
unanimous decision
Stevenson
surplus
County (P. O. Amarillo),
Texas
:
;
'
Bond
D.
Call—County Treasurer L.
Heyser
which
funds
to
counts
latter's
Potter
March
1
sus¬
taining the validity of a State law
suggested
by
Governor
Coke
would
from
the
contribution
date called.
to
transfer
State
18
general
fund
wiping
deficit
ac¬
as
out
without
a
the
issuing
;bonds,as.=rjeq.uiredby---the^new^
constitutional amendment to place
the State on a cash basis as of
the County
option granted
by Article 720, Revised Civil Sta¬
tutes of Texas,
1925, to redeem
Jan. 1, 1945.
sion
to
the
said
that
has
announces
exercised
the
following
outstanding bonds:
courthouse and jail re¬
$124,000
Governor
saw
State's
of 3%%; bonds, Nos. 97
inclusive, at the rate of
4%, and maturing 011 Oct. 10, $12,000 in 1945; $15,000 in each of the
years 1946 to 1949, inclusive; $3,000 in 1951; $13,000 in 1952; $18,000 in each of the years 1953 and
1954; being part of a total issue in
the original amount of $276,000.
rate
148,
All
the
of
described
above
out¬
standing bonds are called for pay¬
ment on April 10, 1944, at Central
Hanover
Bank
York,
at the office of the State
or
&
Trust Co., New
Austin, Texas, at the
option of the holder.; Any of said
bonds not presented for payment
Treasurer,
on
said
interest
date
shall
from
and
fixed for
to
bear
the
cease
after
date
their redemption.
Additionl
Call—The
also reports that
the
Treasurer
the County has
exercised
Article 720, Revised Civil Statutes
option
granted
by
ses¬
deficit
and
the
the
the
over
condition
seasonal
in
would
He added
not alarmed
financial
in
one
are erroneous.
was
crease
cline
he
special
reports that
be called
that
said
a
the
eradicate
that he
bonds, Series of 193-3,
1, 1936, Nos. 25 to 148,
inclusive, in denomination of $1,000 each, bearing interest as fol¬
lows: Bonds, Nos. 25 to 36, inclu¬
sive, at the rate of 3% per annum;
bonds, Nos. 37 to 96, inclusive, at
Stevenson
prospects of
no
funding
State
Treasurer's office.
that
announces
has exercised
county
tion
to
per
Co., New York, N. Y., or at the
■
Texas
Bond Call
94,
$1,000
each, except bond Nos. 1 to 11 of
interest
the
(P. O. Gonzales), Texas
Bond
1
est payment date thereafter.
County Court House and Jail 5%
bonds, Nos. 26 to 125, to the
amount of $100,000.
Dated May 10, 1927. Denomina¬
tion $1,000.
Due May 10, as follows: $2,000 in 1945, $3,000 in 1946
Refunding
bonds, d Series
1940,
dated
April
15,
1940,
bearing
to
Gonzales County
ber
1946 to
1956, $2,000 in 1957 to
1961, and $1,000 in .1962.
Bonds
maturing in 1954 to 1962, are op¬
tional Nov. 1, 1954, or any inter¬
dated Dec.
10,1954.
to
and
ceived
$11,000 in 1949 to 1950.'
1%% road and bridge
bonds. Due April 10, as fol¬
lows: $11,000 in 1951 to 1954,
and $12,000 in 1955 to 1958.
Optional at par plus interest
on 30 days' notice on any in¬
and
92,000
able
Nov. 1, 1943. Due Nov. 1,
follows: $500 in 1945, $1,000 in
Mrs. Jas.
of
headed by the Northern Trust Co.
of Chicago, which was awarded
in
will
Dated Dec. 1,
$1,000. Due June 1,
as follows:
$7,000 in 1945 to 1948,
$8,000 in 1949 to 1951, $9,000 in
1943.
$89J)00
as
■
1923,
1962'
Dated
Hedley Independent School Dis¬
amount
1964, $94,000 in 1965, $98,000 in
1966, $101,000 in 1967, $104,000 in
1959, $9,000 in I960 and
1961, $10,000 in 1962 and 1963,
$11,000 in 1964 and 1965, and $12,000 in. 1966 and 1967,
The bonds
Interest San Patricio
County (P. O. Santon)
T exas
Callihan
of $1,765,000 coupon gen¬ the firm of Callihan & Jackson
obligation. Series 1944, re-, as an associate member.
funding bonds.
Dated April 1,
Denton County (P. O. Denton),
1944.
Denom. $1,000.
Due April
Texas
1, as follows:' $47,000 ■ in 1946,
Bond
Sale—James, Stayart &
$45,000 in 1947, $49,000 in 1948
Davis of Dallas, have purchased
and 1949, $51,000 in 1950, $46,000
the
following refunding bonds
in 1951, $57,000 in 1952, $59,000
in 1953, $61,000 in 1954, $62,000 in aggregating $154,000:
1955, $20,000 in 1956, $70,000 in $62,000 IVz% road and bridge
:
-bonds.
Due April 10, as fol1957, $71,000 in 1958, $70,000 in
Brown,
receive
sealed bids until 2 p.m. on March
16 for the purchase of $108,000
electric system revenue refunding
Recorder,
Drake,
Bank & Trust Co., New York City,
or at the State Treasurer's office
eral
his bid
Lexington, Tenn.
Charles
lows: $2,000 in 1924 to 1933, $5,000
in 1934 to 1943, and $8,000 in 1944
chase
obligation
;vy
Memphis)
by Article
.
will
O.
1958 and
are called
for payment on April
10, at the National City Bank,
611, Revised New
York, or at the State Treas¬
Civil Statutes of the
State, of 1911, urer's office.
to call for payment on
April 10,
1944, all of the outstanding bonds
Rockport, Texas
Bond Sale—The $25,000 sewer
of the following issue, at
par and
revenue
accrued
interest: $150,000 5Yz%
refunding bonds offered
County Courthouse bonds, Nos. 1 for sale were awarded to McRoberts & Co., of San Antonio at par.
to 150.
Dated Dec. 11, 1922.
De¬
granted
Mitchell
'
Texas
Correction—Joe
v.
Bond
Bond
County,
that the County has exer¬
cised
the
option
granted
by
Article
720, Revised Civil Sta¬
tutes of the State, 1925, to redeem
in
(P.
^exas
County Treasurer, reports that the
County has exercised the option
date
ports
bid
County
1952, $6,000 in 1953 to 1955, $7,in 1956 and 1957, $8,000 in
000
Denom.
on
Texas
Bonds to be Redeemed—Mrs. W.
road
Hall
;,f"'■'v,'-'
\
to
v.'-,-
F F
(
Cameron
R.
v..'.
;
trict, Texas
called.
on
Offered—Elmer
Bonds
Bonds shall be present¬
to
the
Chase
National
for 2%
payable to the Town
Co unty
.
of the
operation
Nos. 1 to
as follows:
Bank, New York City,
de¬
be
to
revenues
the
from
said bonds,
im¬
permanent
bonds,
April 10,
Due
ed
revenue
A
for
1954.
bonds, ;
Series A, and will be payable, to¬
gether with the unrefunded por¬
tion
York
Treas¬
Austin
$2,000 in 1925 to 1934, $3,000
in 1935 to 1940,
$4,000 in 1941
to 1950, and $5,000 in 1951 to
for
obligations as may be issued on a
county
98.
1,
there¬
issued
are
New
State
in
provement
of refunding a like
amount of outstanding
principal
electric
rived
certified check
98,000
purpose
taxable
principal amount of
1%
of
office
paymenc.
,
the
from
on
June
including
and
to
Bank,
at the
or
urer's
1948;
all
amount
legally
property
therein.
>
City,
prior to maturity at par and ac¬
crued interest, plus premiums of
3%
to
and
including
June
1,
bonds, the
temporary bonds shall be in full
National
at the State Treasurer's
or
office.
.
nent bonds to be thereafter issued
for permanent
York,
•
to
1087
the
and
Summer
deficit
would
in¬
de¬
Fall. ;
Press reports said that if the
Appellate Court's judgment be¬
.
came
effective
appeal,
more
would
be
without
than
further
$1,000,000
transferred immediate¬
ly to the general fund, the deficit
in which stands at
$15,797,685.
Wheeler County (P.
T exas
O. Wheeler),
Bond Offering Details—In con¬
nection
with
the
offering
011
$32,000 bridge
refunding bonds, report of which
appeared in our issue of March 6,
D, A; Hunt, County Judge, sends
the following additional informa¬
tion:
Dated on or about May 1,
1944. Denom. $1,000. Due $3,000
in 1945 to 1948,
and $4,000 in
1949 to 1953, with option of re¬
demption after 5 years from date.
Principal and interest payable at
the bank or place preferred by
the • purchaser.
The
proposed
March
bonds
13
are
of
the
to be issued in lieu of
1925, to redeem all of $32,000 bridge refunding bonds
1, 1931, which are
the outstanding bonds of the fol¬ dated Jan.
lowing issue:
$210,000 Hospital being called for redemption un¬
decisions
of
the
Supreme
Refunding bonds, dated April 10, der
1927, Nos. 1 to 210, in denomina¬ Court of Texas holding that such
tion of $1,000 each, bearing 5% bonds are optional after 5 years
Notice of call of the
interest per annum, and maturing from date.
1947 and 1949 to 1953.
The bonds April 10, as follows: $2,000 in 1928 outstanding bonds for redemption
shall be presented for payment to to 1937, $3,000 in 1938 to 1943, $4,- will be issued immediately upon
the
Chase National Bank, New 000 in 1944 to 1948, $5,000 in 1949 entering into a contract for sale
Bridge Repair Refunding bonds,
1929, dated July 15, 1929, num¬
ber 1 to 60, in denomination of
$1,000, aggregating $60,000, bear-t
ing 51/2% interest, and maturing
on
April 1 as, follows: $5,000 in
1933, 1936, 1939, 1941, 1943, 1945,
of
Texas,
•
of the
A
proposed refunding bonds.
this year dealing
The successful bidder for the pro¬ I acted laws
posed refunding bonds will be re¬
quired to
provide funds
with
which to redeem the outstanding
bonds in
between redemption
bonds and to carry said
interim
the
and
be
date
will
Interest
exchange.
allowed the purchaser from
redemption at the rate the new
are to bear.
It is the in¬
tention of the County to sell the
bonds at the lowest -interest cost
that will bring a price of approx¬
of
bonds
imately—but not less—than par.
Bidders are required to name the
rate or combination of two rates
with their bid which is closest to
Any rate or rates named
be multiples of % of 1%.
Bids must be submitted on the
uniform bid blank.
The right is
reserved to reject all bids, or any
par.
must
the
furnish
will
County
The
printed bonds, a copy of the pro¬
ceedings, the approving opinion
of J. P. Gibson, of Austin, and
will deliver the bonds to the bank
designated
purchaser,
the
by
It is antici¬
without cost to him.
delivery
that
pated
to
property
of
1943
1
dependent children from
and
all state
local taxes.
for
banks
taxation.
Indiana
to the pur¬
chaser/--
expressly
District
certified
complete
furnish
will
a
transcript
.
of
Austin.
will
Bidders
has
centered
on
as a
pay
corporation to
months
ago
all
by
term
sonal
failed to extend the per¬
property tax at the rate of
1939.
.
•'
,
;•
£' I \
«v/V:-:
"Indicative
of
•
.
V'
•*;•'*•*'• ':f
-
nation-wide
the
fund:
per¬
proportion of total expenditures
paid out of revenues is greater
than during the eight month pe¬
riod of 1942-43, when it was 53%.
for
The
1937, $400,000; 1938, $800,000; 1939,
$1,200,000; 1940, $1,500,000; 1941,
$1,900,000; 1942, $2,100,000; 1943,
$2,260,000.
mentioned
deficit
be
must
paid
war,
A;
special
mitted
of
committee
Council
Common
recently
the
sub¬
report recommending a
a
six-year improvement
program,
including many projects which
had to be deferred because of war¬
time restrictions on use of mate¬
It
determined that the
was
$3,035,000, and $3,800,000 each
thereafter. Commenting on
this point, Mr. Wendt says:
by other means than tax¬
ation; that is, by borrowing.
year
in¬
y. "Many Governmental units are
imposed during 1937-43.
terest in the problem, recently
the bond printing and legal
busy on plans for post-war pro¬
On the other hand, Indiana in¬ the United States Conference of
expenses in connection theregrams.
In this respect Milwaukee
creased the rate of the state prop¬ Mayors urged the
Congress to is in a favorable position. It not
/
with.
erty levy for the forestry fund enact legislation for Federal pay¬
only has a definite program of
Dated April 10, 1944. The dis¬ from 2 to 3 mills; North Dakota
ment
of local tax
districtsin
needed improvements mapped out,
trict reserves the right to reject
proposed a constitutionality amount 'equal to tax paid on pri¬ but what is perhaps even more
any or all bids and it is under¬
amendment to create a permanent vately owned property.'"
important,
the way
has
been
stood that the acceptance of any state
equalization fund to aid in
shown whereby it can and pro¬
bid is strictly subject to the wai¬ maintaining a system of elemen¬
WASHINGTON
total
the
of
Out
expenditures, f
during the eight month pe¬
riod, accounted for $2,242,645,240,
compared to $1,424,215,823, in the
1942-43 period.
In addition, mu¬
tual aid expenditures granted as a
gift by the Dominion to the Al¬
lied
amounted
Nations
to
$450,-
The comparable expen¬
in 1942-43 under the "Gift
476,788.
diture
to Britain"
legislation was $908,-
928,633.
issue
Sold—An
Bills
be
v
deficit of $1,247,765,708.
a
While the deficit has increased
during the past eight months, the
permanent improvement tax levy
for 1944, after allowing for a $2
reduction" in the tax rate, should
8,
.-.V
following
the
improvement
manent
rials.
quired since the National Emer¬
Sept.
program,
amounts were levied for
and would apply to all
Federally-owned
property
ac¬
on
leaving
f
fund purposes. Pending
adoption of a definite long-
the
Association '? several
shows nearly one-
Declaration
amounting to $2,702,976,747, while
revenues
totaled
$1,455,211,039,
sinking
years
gency
obtained pursuant
plan adopted by the city in
a
1937, whereby a tax levy is made
equal to the reduction in the
amount
annually
required
for
period
Government ownership up to
20
corresponding
period,
1942-43,
total
expenditures were lower,
states, has been
to
$1,368,381,598. For the
deficit of
a
continued nevertheless to
permanent improvements.
fund for this work, Mr. Wendt
The
in lieu of tax for the full
of
personal and
bond
last
the
make
larly serious in New Jersey.
A
survey made by the New Jersey
exempted real prop¬ Taxpayers
receipts, 56% of her total com¬
mitments, including those for war,
for mutual aid and for the run¬
has
it
interest has been
problem created
the
by Federal land acquisition which
many
municipalities has re¬
intangible
tax
fields, Miimespta_discontin¬
ued the tax on money and credits
for 1943 and 1944, while Pennsyl¬
the
bonds in the
reduced from $35,323,-
were
>
of
in
Federal
property owned
United States.
<»
In
district road
Old
State
$10,654,000
with
property tax¬ fifth of all evaluated property in
ation; buildings on the land were the State to be tax-exempt, a
exempted also if used exclusively sizable portion of which was Fed¬
for the same purpose.
Ohio pro¬ erally owned. In the County of
Federal
land pur¬
vided for reciprocal exemptions Monmouth,
of real and personal property de¬ chases have taken 15% of a large
voted to a public use and not held area of two townships from the
for financial profit and which is tax rolls.
owned by an adjoining state or
"This bill will require the Fed¬
one of its subdivisions. Texas also
eral Government to make actual
exempted from state and local compensation to taxing districts
the
l
bonds outstanding at Dec.
been
music from
proceedings to the success^
ful bidder ^.nd^the^pproving
vania
""opinion of Gibson & Gibson,
of
load
citizens
acquisition
''Widespread
blind person if cer¬
owned by a
foster
<E-
general obligation
Total ex¬
31, 1943, ning of the country.
maturing; in penditures on all accounts for the
eight-month period amounted to
1952.
Although the city called a halt $3,120,838,024, while * r e c e i p t s
totaled $1,752,456,426. This leaves
in 1932 to the. issuance of bonds,
of
municipalities
result of
property
by the Federal Government. -
<and
government
authorizes taxation.
;
New York
erty
taxation
16,000
refunding
bonds.
Due
$1,000 April 10, 1945 to 1960.
The
purposes,
tion
conditions are met.
Iowa moved a large volume of ratables
exempted
all
machinery and from the tax rolls," Sen. Hawkes
equipment owned exclusively by said. "While the problem is na¬
the United States or its agencies tion-wide in scope, it is particu¬
the
and
without out¬
were
debt-free municipalities.
city's Public Debt Amortiza¬
Fund. The city had a total
the
tain
all
registered,
f
is used for
granted a reduction of $1,000 in
the assessment of a private home
complete certified transcript
of proceedings, the approving
opinion of Gibson & • Gibson
of
Austin, ] and the
actual
printed bonds properly exeexpense
property
war-connected
unless
counties
standing bonds at the end of the
1942 period.
In 1930, only four
counties — Pendleton,
Putnam,
Tucker
and
Wirt—could
boast
paid out of
charges will be
debt
Jersey
bill in the Senate to
extra
an
if the
$10,000 school bonds. Due April
10, as follows: $500 in 1945
to
1960, and $2,000 in 1961.
The District will furnish a
without
where
a
tax
aggregating $26,000:
-
New
of
relief to
wartime
Board of
bids
until 8 p.m. on March 13 for the
purchase of the following bonds
and
exempted certain prop¬
Al¬
Senator
States
forced upon
Trustees, will receive sealed
Cuted
introduced
letter fraternities
sororities from the property
Cooper,
Wirt
Tucker
Pendleton,
Jackson,
in
funds
reserve
Feb. 26 announced that he has
and
Superintendent
Acting
on
provide
owned by a
'$10,000,000 of
"Milwaukee, A Debt Free
State permits the
City," just issued by City Comp¬
Hawkes
erties of Greek
payable
W.
W.
bert
eral law.1:-
Texas
Offering—F.
Bond
tion—United
granted national
banking associations under Fed¬
Independent School District,
Ysleta
and trust companies
and local property
The
exemptions are
to those
similar
Judge.
to the County
state
from
approximately
600, the latest total including new
issues for street work, sewers and
the like.
Communities in Grant,
troller William H;{Wendt. ^Al¬ 400 to $15,256,100 and old school
or local govern¬
though various reports on the. sub¬ district issues from $17,637,500 to
obligations. Statutes of some
ject have been carried in these $6,519,400. •
♦
of the 21 States prohibit the trans¬
columns and elsewhere, the Comp¬
fer of reserve funds.
Others per¬
troller's current study constitutes
mit transfers to other capital im¬
a detailed history of the successful
provement funds, either by vote conclusion of a program which
Canada (Dominion of)
of the local governing body or the
was
inspired back in 1915. As
Income Now Reported 56% of
electorate, or by vote of the gov¬ stated by Mr. Wendt, except for
Expenditure — During the first
erning body.
$300,000 due for bond principal in
Seeks Goverment Compensation 1944, which is provided for by the eight months of the current fiscal
to Local Units for Land Acquisi¬ tax levy, all subsequent bonded year, which ends on March 31,
Canada met from taxes and other
needy
to
story
ment
1
exempted payments as
blind persons and
Alabama
The
ap¬
their
$18,561,600 to $13,856,-
debt .from
chure,
Almost every
general trend of investment of
state property tax legisla¬ Federal, State,
tion:
body
its
indicative of the
aid
governing
general fund.
Statutes usually
Outstanding general obligation in¬
specify the maximum amount of
debtedness is related in the bro¬
any special annual levy.
enactments
Following are state
v v;, y, t
■
of how the City of
Milwaukee, Wis., achieved the re¬
proved by the voters.
markable, accomplishment of es¬
Major sources of reserve funds
tablishing a fund which is now
are budgetary appropriations sup¬
sufficient to take care of maturing
ported by annual tax levies, and
unencumbered
balances
of
the principal and interest charges on
the
of
vote
court action
Enclose a
check for $640,
certified
—
tax except in case
specified by law.
Status—
by
or
City Achieved Debt Free
•
municipalities sliced
The
Milwaukee, Wis.
;
1
How
governing body,
by vote of the electorate,
of property of service¬
enforce collection of a
sale
men
be ef¬
can
May 15.
fected before
..
with
Florida author¬
ized taxation of property owned
by the United States which the
Federal government allows to be
not taxed, and provided exemptions
part thereof, and any bid
complying with the terms of the
notice of sale will be rejected.
"
vote of the-local
property tax exemptions and re¬
ductions
for
members
of the
armed forces, these laws on the
whole following the principle laid
down in the Federal Soldiers' and
Sailors' Act of 1940, which forbids
the
funds may be created by vi
reserve
number of states en-
large
1
Monday, March 13, 1944
& FINANCIAL CHRONICLE
THE COMMERCIAL
1088
of
$65,-
,
000,000 treasury bills was sold re- j
cently at a cost of 0.386%. Dated
1944. Due June 2, 1944,
March 3,
4 mills,
QUEBEC
Montreal, Que.
V
,
ver
of the State Board of Educa¬
tion to its
right of prior purchase.
Enclose
certified check for 2%
of the
a
value of the bonds.
par
UNITED STATES
Toward
States Have
Post-War Re¬
Funds — Reserve funds are
Municipalities of 21
Authority to Set Up
1943 State Property Tax Legis¬
Trend
and
fund to be
b
United States
lation
secondary schools, the
Dayton, Wash.
built up from a levy
Bond Sale Details—In connec¬
of
not more than 4
mills on
assessed value of all taxable prop¬ tion with the sale of the $50,000
refunding bonds to Arthur E. Nel¬
erty in the state.
•
tary
Reductions
—The trend in state property tax
serve
being set up by municipalities of
21
States,
through
legislative
legislation enacted last year was authorization, for post-war capital
toward reduced levies, especially improvements, for repair of public
of real estate taxes, by lowering improvements, and for equipment
of maximum rates, broadening of replacements, the Municipal Fi¬
exemptions and granting of new nance Offices' Association reports.
reductions and
exemptions, the
Municipalities
in 13
of the
Federation of Tax Administrators States were given authority to
reports.
establish reserve funds this year.
Noble
and
West
Brooklyn,
of
New
Directors
the
American
Manufacturing Company has
declared the reg¬
quarter^ dividend of $1.25 per share on
the Preferred Stock and a dividend of 50c per
share on the Common Stock of the Company.
ular
Both
payable April 1, 1944 to Stockholders of
Record
The
at
stock
the close of
record
business March 13, 1944.
books will be closed for the
transfer
purpose
of
business
March
13,
stock
1944 until
ROBERT
of
B.
at the close of
April 1, 1944.
BROWN,
available $6,000,000 for the
1944 units of the long-
Frederic,
Treasurer.
of Montreal, which has
bond principal
maturities sance May, 1940, moved
of the city
a
step nearer reality on
VIRGINIA
,
Content of the bill is the terms
$35,000,000—Bonded -indebtedness
Virginia's political
divisions
was
reduced
sub¬
approx¬
imately $35,000,000 from the start
of the
depression in 1930 to the
end of the 1941-42 fiscal year, ac¬
cording to annual reports of the
State Tax Commission as made
public Feb. 25.
The
of such
total
' *
indebtedness
$78,273,000, compared
July 2. 1942.
in 1930
the City Council on Feb. 18
and approved by the Quebec Mu¬
by
Commission,
nicipal
jiate interest ceases.
The
law, which included school dis¬
numblrs of the bonds called are as
tricts only. Nebraska enacted its
follows:
legislation in 1939.
In
general, under provisions
the various State laws,
of
230,
161-190, both incl.;
incl.;
241-270
201-
A
total of
issues
30,
the
was
were
$6,750,500 in county
outstanding on July
In the 12-year period,
county
issues increased to
1930.
incl.; 281-310 $8,053,800, but the old bonds
municipal incl.; and Nos. 321 to 350 incl.
trimmed to
which
,
has
supervised the affairs of the city
since the initial default.
Repre¬
sentatives of creditors in England -i
and
i
United States have > ap-
the
proved the plan and it is currently
being studied by a committee of
plan provides for the un¬
by
a
syndicate of
houses of a new
of
issue
$2,228,500.
were
$55,900,000
bonds,
the
proceeds to be used by the city
in the payment of bank loans and
defaulted bond principal.
Holders
the
of
£
!
approximately
$228,000,000 of other funded debt
will
be
issued
new
bonds
on
an
basis, bearing contract
interest .rates to present maturity
and at rates of from 31/4% to 3%%
thereafter. Maturities will be extended from nine to 16 years.
exchange
with $43,675,000 on
and Washington enacted for payment on April 15, 1944, at
legislation, although Mich¬ the County Treasurer's office, on
igan in 1943 broadened its 1941 which
program.adopted
of the refunding
banks and bond
West Virginia (State of)
West
March 2,
legislative
assembly approved a bill "to ratify the financial situation of Mon ¬
treal and to give it back its auton- «I
omy."
derwriting
Local Indebtedness Reduced by
of
*
Quebec
the
when
The
WEST
Wis.
f
been in default on
Canadian creditors.
issuing bonds."
WISCONSIN
their
York
program
There
basis.
and
York,
Streets
of
that
cash
a
&
personal property was These States are Arizona, Connec¬
Bonds to Be Placed on Ballot—
subject to a larger number of ticut, Florida, Maine, Maryland,
At the spring election in April an
state
laws than any other tax Minnesota, New Hampshire, North
issue of municipal hospital bonds
group, with the greatest portion Carolina, North Dakota, Oregon,
of state tax legislation dealing ex¬ Pennsylvania, Rhode Island, and is to be placed on the ballot for a
project for which the cost has
*
clusively or mainly with local West Virginia.
been estimated at $32,000.
levies. A good many of the more
Kentucky,
Massachusetts and
important amendments
concern New Jersey enacted their munic¬ Kenosha County (P. O. Kenosha)
Wis.
property
held
by
the
United ipal post-war.reserve legislation
States.
b'.v in
1942, although Massachusetts
Bond Call—John C. Niederprim,
broadened its statute this year to
County Clerk, reports that County
DIVIDEND NOTICE
include districts and counties. In bonds, part of an issue of $300,000,
1941
California, Michigan, New dated April 15, 1940, are called
AMERICAN MANUFACTURING COMPANY
Board
now
1943
on
term program.
In addition there
is $1,000,000 for new street con¬
Co., of Spokane, at a net
struction and additional funds for
interest cost of 1.625%, report of
street widening and for water de¬
which appeared in our issue of
Feb. 21, Kenneth Crossler, City partment construction. -Under the
long-term improvement program
Clerk, now reports that the bonds
Milwaukee proposes to finance on
were sold at a price of 100.105, as
a
cash basis $22,000,000 of im¬
follows: $25,000 maturing March
provements in six fears, ending in
1, $3,000 in 1945 to 1951; $4,000 in
1949.
The taxpayer will not be
1952, as l%s, and $25,000 matur¬
called upon to pay $1.50 for each
ing March 1, $4,000 in 1953 to
$1 of improvements, which was
1957, and $5,000 in 1958, as V/zs.
the penalty under the old plan of
son
Real and
The
ITSELF
is
finance
to
poses
Refunding Of Debt Nears—
Refinancing of the indebtedness \
V
Port
Bond
Alfred, Que.
— T. E.
Simard,
Offering
Secretary Treasurer, will receive
sealed
March
bids
until
1:30
p.
m.
on
24, for the purchase of $84,school bonds. Dated May 1
1944. Due May 1, 1945 to 1959.
500
;
....
@FedFRASER